F E D E R A L RE S E R V E S T A T I S T I C A L RE L E A S E

For use at 12:00 p.m., eastern time 

September 25, 2013 

Z.1 

Financial Accounts 

of the United States 

Flow of Funds, Balance Sheets, 

and Integrated Macroeconomic Accounts

Historical Annual Tables 

1975–1984

 

B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S Y S T E M
 
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Title Table Page 

Summaries 

Total Credit Market Borrowing and Lending F.1 1 

Credit Market Borrowing by Nonfinancial Sectors F.2 2 

Credit Market Borrowing by Financial Sectors F.3 2 

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

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

Credit Market Debt Outstanding L.1 4 

Credit Market Debt Owed by Nonfinancial Sectors L.2 5 

Credit Market Debt Owed by Financial Sectors L.3 5 

Credit Market Debt, All Sectors, by Instrument L.4 6 

Total Liabilities and Its Relation to Total Financial Assets L.5 6 

Distribution of Gross Domestic Product F.6 7 

Distribution of National Income F.7 8 

Saving and Investment F.8 9 

Net Capital Transfers F.9 10 

Derivation of Measures of Personal Saving F.10 11 

Assets and Liabilities of the Personal Sector L.10 12 

Title 

Flows Levels 

Table Page Table Page 

Sectors

Households and Nonprofit Organizations F.100 13 L.100 61 

Nonfinancial Business F.101 14 L.101 62 

Nonfinancial Corporate Business F.102 15 L.102 63 

Nonfinancial Noncorporate Business F.103 16 L.103 64 

State and Local Governments F.104 17 L.104 65 

Federal Government F.105 18 L.105 66 

Rest of the World F.106 19 L.106 67 

Financial Business F.107 20 L.107 68 

Monetary Authority F.108 21 L.108 69 

Private Depository Institutions F.109 22 L.109 70 

List of Data Tables 
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Sectors

U.S.-Chartered Depository Institutions, ex. Credit 

Unions F.110 23 L.110 71 

Foreign Banking Offices in U.S. F.111 24 L.111 72 

Banks in U.S.-Affiliated Areas F.112 25 L.112 73 

Credit Unions F.113 25 L.113 73 

Property-Casualty Insurance Companies F.114 26 L.114 74 

Life Insurance Companies F.115 26 L.115 75 

Private and Public Pension Funds F.116 27 L.116 73 

Private Pension Funds F.117 28 L.117 76 

State and Local Government Employee Retirement 

Funds F.118 29 L.118 77 

Federal Government Employee Retirement Funds F.119 29 L.119 77 

Money Market Mutual Funds F.120 30 L.120 78 

Mutual Funds F.121 30 L.121 78 

Closed-End and Exchange-Traded Funds F.122 30 L.122 78 

Government-Sponsored Enterprises F.123 31 L.123 79 

Agency- and GSE-Backed Mortgage Pools F.124 31 L.124 79 

Issuers of Asset-Backed Securities F.125 32 L.125 80 

Finance Companies F.126 32 L.126 80 

Real Estate Investment Trusts F.127 33 L.127 80 

Security Brokers and Dealers F.128 34 L.128 81 

Holding Companies F.129 35 L.129 82 

Funding Corporations F.130 36 L.130 84 

Instruments 

U.S. Official Reserve Assets and SDR Allocations F.200 37 L.200 85 

Special Drawing Rights (SDRs) Certificates and Treasury 

Currency F.201 37 L.201 85 

U.S. Deposits in Foreign Countries F.202 37 L.202 85 

Net Interbank Transactions F.203 38 L.203 86 

Checkable Deposits and Currency F.204 39 L.204 87 

Time and Savings Deposits F.205 40 L.205 88 

Money Market Mutual Fund Shares F.206 40 L.206 88 

Federal Funds and Security Repurchase Agreements F.207 41 L.207 89 

Open Market Paper F.208 42 L.208 90 

Treasury Securities F.209 43 L.209 91 
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Instruments 

Agency- and GSE-Backed Securities F.210 44 L.210 92 

Municipal Securities and Loans F.211 45 L.211 93 

Corporate and Foreign Bonds F.212 46 L.212 94 

Corporate Equities F.213 47 L.213 95 

Mutual Fund Shares F.214 47 L.214 95 

Depository Institution Loans Not Elsewhere Classified F.215 48 L.215 96 

Other Loans and Advances F.216 49 L.216 97 

Total Mortgages F.217 50 L.217 98 

Home Mortgages F.218 51 L.218 99 

Multifamily Residential Mortgages F.219 51 L.219 99 

Commercial Mortgages F.220 52 L.220 100 

Farm Mortgages F.221 52 L.221 100 

Consumer Credit F.222 53 L.222 101 

Trade Credit F.223 54 L.223 102 

Security Credit F.224 54 L.224 102 

Life Insurance Reserves F.225 55 L.225 103 

Pension Entitlements F.226 55 L.226 103 

Taxes Payable by Businesses F.227 55 L.227 103 

Proprietors' Equity in Noncorporate Business F.228 55 L.228 103 

Total Miscellaneous Financial Claims F.229 56 L.229 104 

Identified Miscellaneous Financial Claims - Part I F.230 57 L.230 105 

Identified Miscellaneous Financial Claims - Part II F.231 58 L.231 106 

Unidentified Miscellaneous Financial Claims F.232 59 L.232 107 

Sector Discrepancies F.11 60 

Instrument Discrepancies F.12 60 

Title 

Balance Sheet Reconciliation 

Table Page Table Page 

Balance Sheet and Changes in Net Worth 

Households and Nonprofit Organizations B.100 108 R.100 111 

Nonfinancial Corporate Business B.102 109 R.102 112 

Nonfarm Noncorporate Business B.103 110 R.103 113 

 
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Title 

Flows Levels 

Table Page Table Page 

Supplementary Tables 

Balance Sheet of Households and Nonprofit 

Organizations with Equity Detail B.100.e 114 

Consolidated Statement for Federal, State, and Local 

Governments F.105.c 115 L.105.c 116 

Private Pension Funds: Defined Benefit Plans F.117.b 117 L.117.b 118 

Private Pension Funds: Defined Contribution Plans F.117.c 117 L.117.c 118 

Individual Retirement Accounts (IRAs F.226.i 117 L.226.i 118 

Equity Real Estate Investment Trusts F.127.e 119 L.127.e 120 

Mortgage Real Estate Investment Trusts F.127.m 119 L.127.m 120 

Title Table Page 

Integrated Macroeconomic Accounts for the United States 

Total Economy–Current Account S.1.a 121 

Selected Aggregates for Total Economy and Sectors S.2.a 122 

Households and Nonprofit Institutions Serving Households S.3.a 124 

Nonfinancial Noncorporate Business S.4.a 127 

Nonfinancial Corporate Business S.5.a 130 

Financial Business S.6.a 133 

Federal Government S.7.a 136 

State and Local Governments S.8.a 139 

Rest of the World S.9.a 142 
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Historical Annuals, 1975-1984, 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 74.3 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.
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2 Historical Annuals, 1975-1984,

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 74.3 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
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Historical Annuals, 1975-1984, 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 4.1 15.9 6.5 23.4 15.3 22.7 25.5 29.0 11.0 34.2 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 16.7 31.6 44.0 54.5 74.6 50.1 40.2 22.8 23.7 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 entitlements 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 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 -10.9 -13.0 -7.8 -14.6 -27.2 -42.4 9.0 -56.0 -50.1 -58.5 19

 20 Miscellaneous 118.4 126.5 134.7 225.9 267.8 234.9 268.7 237.7 248.6 336.1 20

 21 Total financial sources 551.2 716.4 852.3 1090.2 1169.5 1120.5 1292.6 1269.0 1450.8 1843.0 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 3.4 12.2 5.7 15.0 -0.5 9.3 18.4 14.9 -1.5 -5.1 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 63.9 22.3 -12.1 48.9 94.9 16.9 -24.6 21.7 18.5 -4.8 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 -24.0 -11.4 -19.3 -14.7 11.0 -48.0 -29.8 31

 Totals identified to sectors

 32 as assets 494.2 690.6 869.8 1060.2 1078.4 1108.3 1310.2 1225.1 1489.7 1871.5 32
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4 Historical Annuals, 1975-1984,

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 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.7 749.0 862.6 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.
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Historical Annuals, 1975-1984, 5

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 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.7 749.0 862.6 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
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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 27.6 43.5 49.9 73.4 89.1 111.8 137.3 166.4 177.4 211.6 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 entitlements 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 15

 16 Trade payables 278.2 310.8 354.8 418.3 493.0 543.1 583.3 606.1 629.8 687.1 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 1251.9 1441.4 1584.8 1811.0 2091.4 2359.2 2673.2 2864.1 3048.1 3237.4 18

 19 Total liabilities 6751.0 7515.7 8367.0 9495.4 10720.6 11925.4 13239.3 14483.6 16004.6 17892.8 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. 1133.9 1263.5 1426.5 1656.9 1922.5 2164.3 2324.1 2369.0 2430.2 2429.6 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 18.7 30.9 36.6 51.7 51.6 60.8 79.3 94.2 92.8 87.7 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 -77.1 23.8 18.1 68.6 151.6 188.0 163.3 170.3 124.0 -85.1 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 -50.9 -59.1 -68.0 -83.0 -94.4 -113.7 -128.2 -117.2 -165.2 -195.0 32

 33 Totals identified to sectors as assets 8714.2 9716.3 10623.0 11969.0 13549.6 15327.7 16700.8 18146.3 20053.8 22125.3 33
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Historical Annuals, 1975-1984, 7

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) 1688.9 1877.6 2086.0 2356.6 2632.1 2862.5 3210.9 3345.0 3638.1 4040.7 1

 2 Personal consumption expenditures (2) 1032.8 1150.2 1276.7 1426.2 1589.5 1754.6 1937.5 2073.9 2286.5 2498.2 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 541.4 603.9 676.3 762.6 851.6 954.8 1068.1 1174.6 1312.7 1434.5 5

 6 Gross private domestic investment 257.3 323.2 396.6 478.4 539.7 530.1 631.2 581.0 637.5 820.1 6

 7 Fixed investment (3) 263.5 306.1 374.3 452.6 521.7 536.4 601.4 595.9 643.3 754.7 7

 8 Nonresidential 196.8 219.3 259.1 314.6 373.8 406.9 472.9 485.1 482.2 564.3 8

 9 Household sector (nonprofit organizations) 11.0 12.1 14.2 15.6 16.7 17.9 19.8 23.4 25.5 27.5 9

 10 Nonfinancial corporate business 143.4 161.0 192.1 232.2 273.3 298.8 341.9 349.0 346.8 404.0 10

 11 Nonfinancial noncorporate business 29.4 32.2 37.2 46.4 57.8 58.5 73.6 71.2 63.8 76.4 11

 12 Financial institutions 12.9 14.1 15.6 20.3 26.0 31.7 37.6 41.4 46.1 56.5 12

 13 Residential 66.7 86.8 115.2 138.0 147.8 129.5 128.5 110.8 161.1 190.4 13

 14 Household sector 53.1 70.9 94.5 110.9 113.6 99.0 97.5 86.8 127.2 150.9 14

 15 Nonfinancial corporate business 0.5 0.6 0.9 1.1 1.4 1.3 1.2 1.0 1.5 1.6 15

 16 Nonfinancial noncorporate business 13.0 15.2 19.9 26.0 32.8 29.3 29.7 23.0 32.5 37.7 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 382.9 405.8 435.8 477.4 525.5 590.8 654.7 710.0 765.7 825.2 24

 25 Consumption expenditures (4) 298.5 316.2 342.6 371.8 405.4 454.9 507.4 553.1 594.6 632.0 25

 26 Federal 132.9 139.0 149.6 162.0 176.0 202.1 231.3 255.7 277.9 292.0 26

 27 State and local 165.6 177.2 193.0 209.9 229.4 252.8 276.1 297.4 316.7 340.0 27

 28 Gross investment (4) 84.4 89.6 93.2 105.6 120.1 136.0 147.3 156.9 171.2 193.2 28

 29 Federal 39.8 44.7 49.2 54.7 61.7 70.3 80.4 90.0 102.3 115.6 29

 30 State and local 44.6 44.9 44.0 50.8 58.4 65.7 66.9 67.0 68.8 77.6 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 1701.9 1894.4 2106.2 2378.1 2664.1 2896.7 3243.9 3381.5 3675.2 4077.0 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 Household sector -1.5 -1.3 -1.2 -1.3 -1.5 -1.7 -1.8 -1.9 -2.0 -2.2 35

 36 Nonfinancial corporate business -0.0 2.0 1.1 0.2 2.4 3.6 5.0 3.3 4.7 3.6 36

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

 38 Federal governments -0.4 -2.4 -1.4 -0.6 -2.8 -4.1 -5.5 -3.7 -4.9 -4.0 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) Structures, equipment, and intellectual property products.

(4) Government inventory investment is included in consumption expenditures.
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F.7 Distribution of National Income (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 National Income 1451.2 1614.8 1798.7 2029.9 2248.2 2426.8 2722.1 2840.4 3060.5 3444.0 1

 2 Compensation of employees 950.2 1051.2 1169.0 1320.2 1481.0 1626.2 1795.3 1894.3 2013.9 2217.4 2

 3 Wages and other labor income 903.5 996.8 1107.9 1248.7 1398.4 1537.3 1691.7 1784.6 1894.0 2078.4 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

 Proprietors’ income with inventory

 5 valuation and capital consumption adjustments 118.2 131.0 144.5 166.0 179.4 171.6 179.7 171.2 186.3 228.2 5

 Rental income of persons (with capital

 6 consumption adjustment) 22.5 20.6 16.2 16.9 16.6 19.7 25.4 26.1 27.5 27.9 6

 Corporate profits with inventory

 7 valuation and capital consumption adjustments 138.9 174.3 205.8 238.6 249.0 223.6 247.5 229.9 279.8 337.9 7

 Corporate profits with inventory

 8 valuation adjustment 144.2 182.1 212.8 246.7 261.0 240.6 252.0 224.8 256.4 294.3 8

 9 Profits before tax 154.8 196.2 228.5 270.4 301.1 282.8 276.6 232.3 263.9 298.2 9

 10 Domestic nonfinancial 119.7 154.1 176.8 206.8 224.8 212.0 216.6 172.5 192.6 227.0 10

 11 Domestic financial 20.4 25.6 32.6 40.8 41.8 35.2 30.3 27.2 36.2 34.7 11

 12 Rest of the world 14.6 16.5 19.1 22.9 34.6 35.5 29.7 32.6 35.1 36.6 12

 Less:

 13 Taxes on corporate income 51.6 65.3 74.4 84.9 90.0 87.2 84.3 66.5 80.6 97.5 13

 14 Domestic nonfinancial 41.9 53.5 60.6 67.6 70.6 68.2 66.0 48.8 61.7 75.9 14

 15 Domestic financial 9.7 11.8 13.9 17.3 19.4 19.0 18.3 17.7 18.9 21.6 15

 Equals:

 16 Profits after tax 103.1 130.9 154.1 185.6 211.1 195.6 192.3 165.8 183.2 200.7 16

 17 Net dividends 33.0 39.0 44.8 50.8 57.5 64.1 73.8 77.7 83.5 90.8 17

 18 Domestic nonfinancial 24.6 27.8 30.9 35.9 37.6 44.7 52.5 54.1 63.2 67.2 18

 19 Domestic financial 1.8 2.3 2.8 3.7 3.8 2.7 5.8 7.3 8.1 11.3 19

 20 Rest of the world 6.6 9.0 11.1 11.2 16.0 16.7 15.4 16.4 12.1 12.3 20

 21 Undistributed profits 70.2 91.9 109.3 134.8 153.6 131.5 118.5 88.1 99.8 109.9 21

 22 Domestic nonfinancial 53.2 72.8 85.3 103.3 116.5 99.2 98.1 69.7 67.7 83.8 22

 23 Domestic financial 8.9 11.5 16.0 19.8 18.5 13.6 6.1 2.2 9.2 1.8 23

 24 Rest of the world 8.1 7.6 8.0 11.7 18.6 18.7 14.2 16.2 22.9 24.3 24

 25 Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 25

 26 Capital consumption adjustment -5.4 -7.8 -7.0 -8.1 -12.0 -17.1 -4.5 5.0 23.3 43.6 26

 27 Domestic nonfinancial -4.9 -6.9 -5.9 -7.3 -10.6 -14.2 -2.1 8.2 25.4 45.9 27

 28 Domestic financial -0.5 -0.9 -1.1 -0.8 -1.4 -2.8 -2.4 -3.2 -2.0 -2.3 28

 29 Net interest and miscellaneous payments 85.9 89.9 105.9 118.8 141.0 186.2 238.4 277.5 291.8 336.1 29

 30 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 30

 31 Less: Subsidies 4.5 5.1 7.1 8.9 8.5 9.8 11.5 15.0 21.3 21.1 31

 32 Business current transfer payments (net) 9.0 9.1 8.1 10.4 12.8 14.0 16.9 19.3 21.7 29.2 32

 33 Current surplus of government enterprises -4.4 -2.7 -3.3 -2.8 -3.2 -5.1 -5.2 -3.8 -2.3 -1.4 33

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

 34 National Income, from line 1 above 1451.2 1614.8 1798.7 2029.9 2248.2 2426.8 2722.1 2840.4 3060.5 3444.0 34

 Plus:

 35 Private consumption of fixed capital 178.8 196.5 221.1 252.1 290.7 335.0 381.9 420.4 438.8 463.5 35

 36 Government consumption of fixed capital 58.7 62.7 67.2 72.9 80.4 91.0 103.1 113.9 121.8 130.8 36

 37 Statistical discrepancy 13.2 20.5 19.3 23.1 44.8 43.9 36.7 6.8 54.1 38.6 37

 Less:

 38 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 38

 Equals:

 39 Gross Domestic Product 1688.9 1877.6 2086.0 2356.6 2632.1 2862.5 3210.9 3345.0 3638.1 4040.7 39

(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.
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Historical Annuals, 1975-1984, 9

F.8 Saving and Investment by Sector (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 348.3 399.5 459.6 548.2 613.8 630.6 745.2 727.9 719.5 884.6 1

 2 Net saving 110.7 140.3 171.3 223.1 242.7 204.6 260.2 193.6 158.9 290.2 2

 3 Net private saving 213.3 217.3 234.7 269.5 279.0 285.5 341.9 363.3 362.7 461.6 3

 4 Domestic business 54.3 70.0 86.6 102.9 101.4 72.3 89.4 85.6 115.7 149.5 4

 5 Nonfinancial corporate business 45.5 59.1 71.4 83.4 83.6 60.8 85.1 85.4 106.7 148.2 5

 6 Financial business 8.7 11.0 15.2 19.5 17.9 11.5 4.3 0.2 8.9 1.4 6

 7 Households and institutions 159.0 147.3 148.2 166.6 177.5 213.2 252.5 277.7 247.0 312.1 7

 8 Net government saving -102.5 -77.0 -63.5 -46.4 -36.3 -80.9 -81.7 -169.7 -203.7 -171.4 8

 9 Federal -97.0 -79.9 -71.9 -59.8 -44.5 -86.3 -85.8 -164.6 -205.0 -192.3 9

 10 State and local -5.6 2.8 8.4 13.4 8.2 5.4 4.1 -5.1 1.3 20.9 10

 11 Consumption of fixed capital 237.5 259.2 288.3 325.1 371.1 426.0 485.0 534.3 560.5 594.3 11

 12 Private 178.8 196.5 221.1 252.1 290.7 335.0 381.9 420.4 438.8 463.5 12

 13 Domestic business 147.9 162.2 181.5 205.5 236.4 272.8 313.5 347.5 362.8 382.7 13

 14 Nonfinancial corporate business 107.7 118.3 132.6 150.2 172.4 198.9 229.1 253.9 264.6 279.0 14

 15 Nonfinancial noncorporate business 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 15

 16 Financial business 6.6 7.6 8.8 10.1 12.1 14.6 17.4 20.5 23.3 26.4 16

 17 Households and institutions 30.9 34.3 39.6 46.6 54.4 62.2 68.5 72.9 76.0 80.9 17

 18 Government 58.7 62.7 67.2 72.9 80.4 91.0 103.1 113.9 121.8 130.8 18

 19 Federal 37.8 40.6 43.7 47.5 51.8 57.9 65.3 72.7 79.0 86.4 19

 20 State and local 21.0 22.1 23.5 25.5 28.6 33.1 37.8 41.3 42.8 44.4 20

 Gross domestic investment, capital account

 21 transactions, and net lending, NIPAs 361.5 420.0 478.9 571.3 658.6 674.6 781.9 734.7 773.6 923.2 21

 22 Gross domestic investment 341.7 412.9 489.8 583.9 659.8 666.1 778.6 738.0 808.7 1013.3 22

 23 Gross private domestic investment 257.3 323.2 396.6 478.4 539.7 530.1 631.2 581.0 637.5 820.1 23

 24 Domestic business 193.1 240.3 287.9 351.8 409.3 413.2 513.9 470.8 484.8 641.7 24

 25 Nonfinancial corporate business 135.1 178.7 210.1 256.6 288.6 299.4 363.8 330.9 356.2 462.8 25

 26 Nonfinancial noncorporate business 45.1 47.5 62.2 75.0 94.7 82.1 112.5 98.5 82.5 122.5 26

 27 Financial business 12.9 14.1 15.6 20.3 26.0 31.7 37.6 41.4 46.1 56.5 27

 28 Households and institutions 64.2 83.0 108.7 126.5 130.4 116.9 117.4 110.3 152.7 178.4 28

 29 Gross government investment 84.4 89.6 93.2 105.6 120.1 136.0 147.3 156.9 171.2 193.2 29

 30 Federal 39.8 44.7 49.2 54.7 61.7 70.3 80.4 90.0 102.3 115.6 30

 31 State and local 44.6 44.9 44.0 50.8 58.4 65.7 66.9 67.0 68.8 77.6 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 5.9 8.1 10.4 12.3 11.4 11.0 9.7 33

 34 Domestic business -0.3 1.8 0.9 0.0 2.1 3.3 4.8 3.1 4.7 3.6 34

 35 Nonfinancial corporate business -0.3 1.8 0.9 0.0 2.1 3.3 4.8 3.1 4.7 3.6 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 5.8 6.0 7.1 7.5 8.2 6.3 6.2 38

 39 Government -4.6 -7.6 -8.9 -5.8 -8.0 -10.3 -12.2 -11.3 -10.9 -9.7 39

 40 Federal 4.4 2.6 2.6 6.1 6.2 6.2 3.3 3.5 4.9 7.9 40

 41 State and local -9.0 -10.3 -11.5 -11.9 -14.2 -16.4 -15.5 -14.7 -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 143.3 103.4 69.5 60.5 66.7 123.9 116.9 198.1 207.1 133.9 43

 44 Domestic business 22.5 10.6 -1.5 -20.3 -28.8 -27.5 -79.1 -34.0 43.1 -74.5 44

 45 Nonfinancial corporate business (3) 31.7 17.4 12.2 0.1 10.1 0.8 -17.8 12.0 64.6 -0.6 45

 46 Nonfinancial noncorporate business -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 46

 47 Financial business 2.4 4.5 8.5 9.3 3.9 -5.6 -15.9 -20.7 -13.8 -28.7 47

 48 Households and institutions 120.8 92.8 71.0 80.8 95.5 151.4 196.1 232.1 164.0 208.4 48

 49 Government -123.6 -96.4 -80.5 -73.2 -68.0 -115.5 -113.7 -201.5 -242.3 -224.1 49

 50 Federal -103.4 -86.6 -80.0 -73.2 -60.7 -104.8 -104.3 -185.4 -233.2 -229.4 50

 51 State and local -20.1 -9.7 -0.5 0.0 -7.3 -10.8 -9.4 -16.1 -9.0 5.3 51

 52 Statistical discrepancy (line 21 less line 1) 13.2 20.5 19.3 23.1 44.8 43.9 36.7 6.8 54.1 38.6 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).
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10 Historical Annuals, 1975-1984,

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 5.11 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 Financial Accounts of the United States.
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Historical Annuals, 1975-1984, 11

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 213.3 242.6 282.7 320.5 348.3 400.0 419.0 466.9 542.2 585.5 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 26.9 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 entitlements 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 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 239.5 284.4 346.8 398.4 434.5 407.7 454.9 439.5 504.3 615.5 18

 19 Residential fixed investment 66.2 86.1 114.4 136.9 146.5 128.3 127.2 109.8 159.6 188.7 19

 20 Nonresidential fixed investment 40.4 44.2 51.4 62.1 74.6 76.4 93.4 94.6 89.3 103.9 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 -1.3 -1.5 -1.7 -1.8 -1.9 -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 175.6 193.4 216.7 246.2 278.8 314.2 343.3 360.5 370.3 394.9 24

 25 Residential fixed investment 33.8 37.3 43.0 50.6 59.0 67.4 73.8 78.1 81.1 86.0 25

 26 Nonresidential fixed investment 30.7 33.3 36.7 41.3 47.2 54.2 61.6 67.9 69.8 72.2 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) 63.9 91.0 130.1 152.1 155.6 93.5 111.6 79.1 134.0 220.6 28

 29 Residential fixed investment 32.4 48.8 71.4 86.3 87.5 60.9 53.4 31.7 78.6 102.7 29

 30 Nonresidential fixed investment 9.7 10.9 14.6 20.8 27.3 22.2 31.8 26.8 19.5 31.7 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 -1.3 -1.5 -1.7 -1.8 -1.9 -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 87.7 125.1 178.6 227.7 261.0 194.4 173.2 182.6 273.7 350.4 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 42.1 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) 196.0 215.8 243.5 252.1 250.6 307.8 366.6 373.5 410.8 464.1 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) 173.6 182.7 203.1 207.4 211.7 290.2 348.1 355.3 358.1 380.5 45

 46 Personal saving, NIPA concept (NIPA) 159.0 147.3 148.2 166.6 177.5 213.2 252.5 277.7 247.0 312.1 46

 47 Difference 14.6 35.4 54.9 40.8 34.1 77.0 95.6 77.6 111.1 68.4 47

 Memo:

 48 Disposable personal income 1219.3 1325.8 1456.7 1630.1 1809.3 2018.0 2250.7 2424.7 2617.4 2903.9 48

 Personal saving as a percentage of disposable personal income:

 49 FOF concept (FOF data) (line 42) 16.1 16.3 16.7 15.5 13.8 15.3 16.3 15.4 15.7 16.0 49

 50 NIPA concept (FOF data) (line 45) 14.2 13.8 13.9 12.7 11.7 14.4 15.5 14.7 13.7 13.1 50

 51 NIPA concept (NIPA data) (line 46) 13.0 11.1 10.2 10.2 9.8 10.6 11.2 11.5 9.4 10.7 51

 52 Difference (line 47) 1.2 2.7 3.8 2.5 1.9 3.8 4.2 3.2 4.2 2.4 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).
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12 Historical Annuals, 1975-1984,

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 3207.9 3581.6 3758.5 4100.6 4609.9 5293.6 5638.8 6212.8 6954.9 7569.4 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 78.8 104.2 123.6 130.1 160.3 201.1 246.6 290.4 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 entitlements 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 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 314.5 347.0 378.1 418.7 464.1 576.0 636.3 726.5 871.8 993.6 18

 19 Governments 650.2 679.6 733.7 798.1 868.0 926.5 1005.6 1092.7 1172.4 1261.4 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 2298.4 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).
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Historical Annuals, 1975-1984, 13

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Personal income 1366.9 1498.1 1654.2 1859.5 2077.9 2316.8 2595.9 2778.9 2969.7 3281.3 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 1219.3 1325.8 1456.7 1630.1 1809.3 2018.0 2250.7 2424.7 2617.4 2903.9 3

 4 - Personal outlays 1060.3 1178.5 1308.5 1463.5 1631.7 1804.8 1998.2 2147.0 2370.4 2591.8 4

 5 = Personal saving, NIPA (2) 159.0 147.3 148.2 166.6 177.5 213.2 252.5 277.7 247.0 312.1 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 142.0 157.1 176.6 201.0 227.0 254.9 276.3 287.4 295.4 317.6 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 317.0 330.3 355.8 405.0 435.9 477.0 538.0 573.1 586.8 705.0 10

 11 Gross investment 331.6 365.7 410.8 445.9 470.0 553.9 633.7 650.7 697.9 773.4 11

 12 Capital expenditures 194.4 236.9 284.6 323.4 339.8 325.6 342.4 341.1 421.8 493.0 12

 13 Residential 53.1 70.9 94.5 110.9 113.6 99.0 97.5 86.8 127.2 150.9 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 11.0 12.1 14.2 15.6 16.7 17.9 19.8 23.4 25.5 27.5 15

 16 Nonproduced nonfinancial assets -1.5 -1.3 -1.2 -1.3 -1.5 -1.7 -1.8 -1.9 -2.0 -2.2 16

 17 Net lending (+) or net borrowing (-) 137.2 128.8 126.2 122.5 130.2 228.3 291.3 309.7 276.2 280.4 17

 18 Net acquisition of financial assets 199.1 218.9 257.4 283.7 298.9 343.4 395.0 398.7 462.9 500.5 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 26.9 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 Consumer credit (student loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Corporate equities (6) -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 34

 35 Mutual fund shares -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 35

 36 Security credit 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 36

 37 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 37

 38 Pension entitlements (7) 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 38

 39 Equity in noncorporate business -10.9 -13.0 -7.8 -14.6 -27.2 -42.4 9.0 -56.0 -50.1 -58.5 39

 40 Miscellaneous assets 4.0 5.9 7.4 7.1 7.8 7.2 8.0 8.7 16.4 2.9 40

 41 Net increase in liabilities 62.0 90.2 131.3 161.2 168.7 115.0 103.8 89.0 186.7 220.2 41

 42 Credit market instruments 59.9 85.5 128.0 156.8 166.3 105.3 102.7 84.6 175.3 220.4 42

 43 Home mortgages (8) 39.7 57.6 85.9 105.7 116.5 90.2 67.0 47.4 105.1 127.3 43

 44 Consumer credit 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 44

 45 Municipal securities 1.4 2.0 3.4 2.6 2.9 3.1 4.4 8.5 11.4 10.2 45

 46 Depository institution loans n.e.c. (9) 8.3 1.5 -0.2 -2.2 -2.7 0.2 1.8 2.1 1.2 -6.7 46

 47 Other loans and advances 2.2 1.8 2.2 3.4 5.8 7.7 8.9 5.9 2.0 1.0 47

 48 Commercial mortgages 0.5 0.6 0.8 0.8 0.5 0.6 0.8 1.9 7.5 6.9 48

 49 Security credit 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 49

 50 Trade payables 0.5 0.2 0.4 0.8 0.7 1.2 1.0 0.8 2.4 3.1 50

 51 Deferred and unpaid life insurance premiums 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 51

 52 Discrepancy -14.6 -35.4 -54.9 -40.8 -34.1 -77.0 -95.6 -77.6 -111.1 -68.4 52

(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 public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.

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

(9) 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.
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14 Historical Annuals, 1975-1984,

F.101 Nonfinancial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Income before taxes 245.6 292.2 327.4 379.0 409.8 389.4 405.5 356.4 394.8 471.9 1

 2 Gross saving less net capital transfers paid 186.9 213.6 244.1 278.9 307.9 319.0 381.1 412.8 446.3 504.4 2

 3 Gross investment 134.1 180.7 218.5 234.6 243.2 266.4 362.8 334.5 421.5 502.3 3

 4 Capital expenditures 180.1 228.1 273.4 331.8 385.7 385.1 481.3 432.7 443.4 588.8 4

 5 Fixed investment 186.4 209.0 250.1 305.8 365.3 387.9 446.4 444.2 444.5 519.8 5

 6 Residential 13.5 15.8 20.8 27.1 34.2 30.6 30.9 24.0 34.0 39.4 6

 7 Nonresidential 172.8 193.2 229.2 278.7 331.1 357.3 415.5 420.3 410.5 480.4 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 1.1 0.2 2.4 3.6 5.0 3.3 4.7 3.6 9

 10 Net lending (+) or net borrowing (-) -45.9 -47.4 -55.0 -97.2 -142.5 -118.7 -118.5 -98.2 -21.9 -86.4 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 75.2 124.8 186.7 249.9 323.2 259.7 362.2 198.0 192.7 390.5 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 -11.5 -13.5 -8.0 -15.0 -28.3 -43.0 8.9 -56.5 -50.4 -58.5 39

 40 Discrepancy 52.8 33.0 25.6 44.3 64.7 52.6 18.3 78.3 24.8 2.1 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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Historical Annuals, 1975-1984, 15

F.102 Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Profits before tax (book) 119.7 154.1 176.8 206.8 224.8 212.0 216.6 172.5 192.6 227.0 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) 102.8 111.3 126.6 142.8 161.8 184.6 226.9 262.1 289.9 324.8 4

 5 = U.S. internal funds, book 156.0 184.1 211.9 246.1 278.3 283.7 325.1 331.8 357.6 408.6 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 153.3 177.4 204.0 233.6 256.0 259.6 314.1 339.7 371.5 427.2 9

 10 Gross investment 100.6 144.4 178.4 189.4 191.3 207.0 295.8 261.4 346.7 425.0 10

 11 Capital expenditures 135.0 180.6 211.2 256.8 291.0 303.0 368.8 334.2 361.0 466.3 11

 12 Fixed investment (3) 143.9 161.6 193.0 233.3 274.6 300.1 343.1 350.1 348.3 405.6 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 1.1 0.2 2.4 3.6 5.0 3.3 4.7 3.6 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 60.9 103.3 147.3 198.4 259.2 223.3 283.9 160.9 156.2 318.8 37

 38 Net funds raised in markets 24.6 52.3 77.0 82.6 77.9 82.6 112.6 107.7 113.4 128.1 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 74.3 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 Claims of pension fund on sponsor -9.1 9.8 1.9 -0.8 -10.7 40.0 17.6 -10.0 43.3 5.0 52

 53 Other 34.9 12.9 31.5 63.0 119.3 54.0 109.7 46.5 -21.4 128.2 53

 54 Discrepancy 52.8 33.0 25.6 44.3 64.7 52.6 18.3 78.3 24.8 2.1 54

 Memo:

 55 Financing gap (7) -10.5 10.6 15.1 34.4 52.8 61.4 68.4 9.9 10.8 61.6 55

(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).
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16 Historical Annuals, 1975-1984,

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 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 1

 2 Gross saving less net capital transfers paid (1) 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 2

 3 Gross investment 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 3

 4 Capital expenditures 45.1 47.5 62.2 75.0 94.7 82.1 112.5 98.5 82.5 122.5 4

 5 Fixed investment (2) 42.4 47.4 57.1 72.5 90.7 87.8 103.3 94.2 96.2 114.2 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 (-) -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 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 14.2 21.5 39.4 51.5 64.0 36.4 78.3 37.1 36.6 71.8 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 45.8 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 6.0 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 -11.5 -13.5 -8.0 -15.0 -28.3 -43.0 8.9 -56.5 -50.4 -58.5 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.
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Historical Annuals, 1975-1984, 17

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 207.7 231.9 257.9 285.3 305.8 335.3 367.0 388.1 424.8 475.6 1

 2 Personal current taxes 26.9 31.1 35.4 40.4 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 47.2 53.3 59.6 69.0 70.3 76.9 78.0 75.9 78.7 84.7 7

 8 Current surplus of government enterprises 0.1 0.2 0.1 0.0 -0.5 -1.4 -2.6 -1.7 -0.4 1.3 8

 9 Current expenditures, NIPA basis 213.3 229.1 249.5 271.9 297.6 329.9 362.9 393.2 423.6 454.7 9

 10 Consumption expenditures 165.6 177.2 193.0 209.9 229.4 252.8 276.1 297.4 316.7 340.0 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 16.7 17.6 19.2 21.0 23.5 25.6 29.3 34.2 39.5 43.2 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 Net saving, NIPA basis -5.6 2.8 8.4 13.4 8.2 5.4 4.1 -5.1 1.3 20.9 14

 15 + Consumption of fixed capital 21.0 22.1 23.5 25.5 28.6 33.1 37.8 41.3 42.8 44.4 15

 16 - 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 16

 17 = Gross saving less net capital transfers paid 26.4 36.9 45.0 52.6 53.1 57.1 59.8 53.1 62.0 85.4 17

 18 Gross investment 29.4 38.5 53.7 56.5 58.1 63.2 62.5 48.9 56.8 94.1 18

 19 Fixed investment 44.6 44.9 44.0 50.8 58.4 65.7 66.9 67.0 68.8 77.6 19

 20 Nonproduced nonfinancial assets 1.9 1.7 1.6 1.8 2.0 2.2 2.2 2.2 2.2 2.6 20

 21 Net lending (+) or net borrowing (-) -17.1 -8.1 8.1 3.9 -2.3 -4.7 -6.6 -20.3 -14.3 14.0 21

 22 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 22

 23 Checkable deposits and currency 0.5 -1.0 1.1 -0.0 -0.4 -0.6 -1.5 -1.6 -0.7 5.0 23

 24 Time and savings deposits -1.6 2.1 6.7 7.1 -2.1 -2.0 2.2 3.8 -6.3 0.2 24

 25 Money market 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 RPs -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 26

 27 Credit market instruments 7.4 18.2 28.6 36.9 27.7 18.2 32.2 24.5 32.3 36.6 27

 28 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Treasury securities 1.3 12.5 21.1 22.3 1.8 7.9 15.0 18.0 23.0 16.8 29

 30 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 30

 31 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 31

 32 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 32

 33 Mortgages 1.6 1.3 0.6 2.5 6.5 9.8 7.7 5.2 7.9 10.2 33

 34 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Trade receivables 1.4 1.7 2.3 3.3 3.9 2.8 2.3 1.3 1.5 3.1 36

 37 Taxes receivable 1.6 1.4 1.7 1.4 2.8 3.0 -1.9 1.5 2.7 1.0 37

 38 Miscellaneous assets -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 38

 39 Net increase in liabilities 25.4 31.0 32.0 49.1 43.8 31.3 36.7 52.4 60.5 53.8 39

 40 Credit market instruments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 40

 41 Municipal securities 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 41

 42 Short-term (3) -0.3 -4.1 -2.9 0.6 1.0 1.7 1.1 6.7 -1.5 -3.7 42

 43 Long-term 11.2 20.5 22.6 40.4 25.4 19.6 25.2 34.0 47.7 48.4 43

 44 U.S. government loans 0.2 2.0 0.2 -1.6 0.2 0.9 1.2 1.0 1.1 7.7 44

 45 Trade payables 3.8 4.0 4.2 4.7 5.3 5.9 6.3 6.7 7.1 7.8 45

 46 Claims of pension fund on sponsor (4) 10.5 8.5 7.9 4.9 11.9 3.2 2.8 4.0 6.1 -6.6 46

 47 Discrepancy -3.0 -1.6 -8.6 -3.9 -5.0 -6.1 -2.8 4.2 5.3 -8.7 47

(1) Data for employee retirement funds are shown in table F.118.

(2) Table F.9, line 62.

(3) Debt with original maturity of 13 months or less.

(4) Included in miscellaneous liabilities.
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18 Historical Annuals, 1975-1984,

F.105 Federal Government

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 276.8 322.2 363.5 423.6 486.8 533.0 620.4 618.0 644.2 710.7 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 5.3 6.2 7.1 8.9 11.2 14.4 19.2 23.4 24.7 27.7 7

 8 Current transfer receipts 1.1 1.2 1.6 2.2 2.5 3.1 3.1 4.4 5.2 6.3 8

 9 Current surplus of government enterprises -4.4 -2.9 -3.4 -2.9 -2.7 -3.6 -2.6 -2.1 -1.9 -2.7 9

 10 Current expenditures, NIPA basis 373.8 402.1 435.4 483.4 531.3 619.3 706.3 782.7 849.2 903.0 10

 11 Consumption expenditures 132.9 139.0 149.6 162.0 176.0 202.1 231.3 255.7 277.9 292.0 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 49.8 53.6 59.0 68.5 69.8 77.0 76.1 74.4 76.9 83.6 13

 14 Interest payments 52.5 58.9 65.3 79.1 91.5 107.5 133.4 152.7 167.0 193.8 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 Net saving, NIPA basis -97.0 -79.9 -71.9 -59.8 -44.5 -86.3 -85.8 -164.6 -205.0 -192.3 16

 17 + Consumption of fixed capital 37.8 40.6 43.7 47.5 51.8 57.9 65.3 72.7 79.0 86.4 17

 18 - 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 18

 19 - 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 19

 20 - 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 20

 21 = Gross saving less net capital transfers paid -66.4 -45.5 -33.2 -20.9 -3.3 -39.6 -30.1 -100.3 -138.2 -122.7 21

 22 Gross investment -65.0 -46.1 -39.2 -21.0 -2.1 -33.9 -41.5 -109.2 -133.5 -125.5 22

 23 Fixed investment 39.8 44.7 49.2 54.7 61.7 70.3 80.4 90.0 102.3 115.6 23

 24 Nonproduced nonfinancial assets -0.4 -2.4 -1.4 -0.6 -2.8 -4.1 -5.5 -3.7 -4.9 -4.0 24

 25 Net lending (+) or net borrowing (-) -104.4 -88.5 -86.9 -75.1 -61.0 -100.1 -116.4 -195.5 -230.9 -237.1 25

 26 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 26

 27 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 27

 28 Checkable deposits and currency 2.7 3.9 -0.4 4.5 -0.8 -2.5 0.4 6.4 -8.3 5.3 28

 29 Time and savings deposits 0.1 0.2 0.1 0.1 0.1 -0.2 -0.1 0.5 -0.5 0.5 29

 30 Credit market instruments 13.4 8.0 10.0 17.1 19.0 23.7 24.0 15.9 9.7 17.1 30

 31 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 31

 32 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

 33 Other loans and advances 6.9 7.5 5.8 12.8 12.4 16.2 19.1 13.6 8.4 16.6 33

 34 Mortgages 6.5 0.4 4.2 4.2 6.6 7.5 4.9 2.4 1.2 0.5 34

 35 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Corporate equities (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Trade receivables 1.2 0.5 -0.8 2.7 2.4 3.8 2.5 4.8 3.8 5.1 37

 38 Taxes receivable -1.9 6.3 -1.0 2.7 -0.4 -4.8 -12.0 -11.5 5.4 -1.5 38

 39 Miscellaneous assets 0.7 1.0 0.7 0.8 0.8 0.5 0.9 1.6 0.7 1.5 39

 40 Net increase in liabilities 121.2 110.5 95.9 99.7 83.6 125.5 136.7 217.7 244.6 267.6 40

 41 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 41

 42 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 42

 43 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 43

 44 Credit market instruments 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 44

 45 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 45

 46 Treasury bills 37.7 6.5 -2.9 0.7 10.9 43.5 28.9 66.8 32.0 30.6 46

 47 Other Treasury securities 44.3 58.1 55.4 49.3 27.1 41.8 61.4 95.2 150.2 163.8 47

 48 Budget agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 48

 49 Multifamily residential mortgages -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 49

 50 Trade payables 0.7 5.1 3.2 4.4 2.2 2.3 0.5 4.8 5.0 7.1 50

 51 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 51

 52 Miscellaneous liabilities 31.7 34.5 35.4 41.6 42.3 42.9 47.8 49.1 53.0 61.6 52

 53 Nonmarketable securities held by pension plans (5) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 53

 54 Claims of pension fund on sponsor 28.7 28.9 29.8 34.9 35.6 35.8 36.7 36.9 36.4 38.3 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 -1.4 0.6 5.9 0.1 -1.1 -5.6 11.4 9.0 -4.6 2.8 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) 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 29) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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Historical Annuals, 1975-1984, 19

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 4.0 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.
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20 Historical Annuals, 1975-1984,

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 15.5 18.8 24.2 29.7 30.2 26.4 22.0 20.5 32.1 27.8 1

 2 Gross investment 9.1 17.0 22.6 31.0 35.7 39.6 33.9 34.6 54.9 38.5 2

 3 Capital expenditures 13.0 14.1 15.5 20.3 26.0 31.7 37.6 41.4 46.1 56.5 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 12.9 14.1 15.6 20.3 26.0 31.7 37.6 41.4 46.1 56.5 5

 6 Net lending (+) or net borrowing (-) -3.9 2.8 7.1 10.7 9.7 7.9 -3.7 -6.8 8.8 -18.0 6

 7 Net acqisition of financial assets 233.7 321.9 388.9 486.3 499.6 537.3 600.6 630.8 733.2 865.3 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 63.7 66.8 74.7 95.2 72.8 136.8 108.1 145.6 171.4 142.2 32

 33 Net increase in liabilities 237.6 319.1 381.8 475.6 489.9 529.4 604.4 637.6 724.3 883.3 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 4.1 15.9 6.5 23.4 15.3 22.7 25.5 29.0 11.0 34.2 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 entitlements 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 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 29.5 39.5 44.9 75.5 55.0 56.0 57.4 52.1 128.9 102.1 54

 55 Discrepancy 6.4 1.8 1.6 -1.3 -5.6 -13.2 -11.9 -14.1 -22.8 -10.7 55

(1) Sum of financial sectors shown on tables F.108 and F.110 through F.130.
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Historical Annuals, 1975-1984, 21

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.
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22 Historical Annuals, 1975-1984,

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) 8.9 11.0 11.0 10.7 10.5 4.4 -1.6 -3.2 6.0 6.9 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 (-) -4.8 -1.5 -0.4 1.1 0.7 -1.6 -9.8 -15.4 -10.4 -20.9 3

 4 Net acquisition of financial assets 90.7 139.4 182.2 223.1 191.4 172.4 150.9 211.6 285.7 371.7 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 6.4 0.9 8.5 21.2 1.9 15.1 14.5 57.1 9.8 36.1 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) 1.8 13.7 11.8 24.7 17.7 21.8 17.1 4.3 27.0 17.1 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 11.1 8.3 17.7 37.3 16.1 17.8 13.3 17.1 48.7 65.4 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 4.0 3.6 11.2 31.3 9.3 11.6 0.0 -0.3 33.3 45.1 38

 39 Discrepancy 8.8 6.8 5.1 1.2 -0.4 -6.4 -6.4 -3.2 1.6 11.1 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.
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Historical Annuals, 1975-1984, 23

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) 8.5 10.4 10.3 9.9 9.8 3.7 -2.8 -4.4 4.5 4.8 1

 2 Fixed nonresidential investment 4.7 5.3 5.8 7.8 9.3 11.2 13.1 14.0 13.5 15.1 2

 3 Net acquisition of financial assets 83.1 127.3 169.4 192.4 170.8 149.9 132.2 168.5 269.3 345.4 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 5.7 1.6 9.3 17.2 -0.2 12.4 12.0 32.7 10.6 40.8 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) 1.8 13.7 11.8 24.7 17.7 22.5 18.8 5.1 24.6 17.8 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 9.3 8.7 16.0 34.2 15.7 9.7 10.8 13.1 45.0 64.8 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 2.3 4.1 9.6 28.5 9.5 4.9 -1.8 -0.9 32.7 46.4 52

 53 Discrepancy 8.6 6.7 3.9 0.7 -1.6 -7.1 -6.2 -2.8 1.4 10.5 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.
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24 Historical Annuals, 1975-1984,

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 0.4 0.5 0.5 0.5 1

 2 Fixed nonresidential investment 0.1 0.1 0.2 0.3 0.6 0.9 1.0 1.0 0.9 1.0 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 0.2 0.2 0.2 0.4 0.4 -0.3 -0.2 -0.1 -0.1 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).
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Historical Annuals, 1975-1984, 25

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 0.7 0.7 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 0.5 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 14.6 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 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 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 11

 12 Home mortgages 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 12

 13 Consumer credit 3.8 5.5 6.4 7.6 2.2 -3.3 2.7 2.1 7.3 11.7 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 -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.7 15

 16 Net increase in liabilities 5.0 6.2 7.3 7.8 3.2 2.5 0.9 0.9 11.8 13.9 16

 17 Net interbank liabilities -0.4 0.2 -1.0 1.3 -1.2 -2.5 -0.4 -7.6 -2.0 0.8 17

 18 Shares/deposits 5.5 6.0 7.7 6.4 4.4 4.2 2.9 10.2 14.9 12.9 18

 19 Checkable 0.0 0.2 0.4 0.4 0.4 1.8 0.6 1.8 2.3 1.5 19

 20 Small time and savings 5.5 5.8 7.3 5.8 3.9 2.2 2.2 8.2 12.6 11.3 20

 21 Large time 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.2 -0.0 0.1 21

 22 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 22

 23 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Miscellaneous liabilities -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 24

 25 Discrepancy -0.0 0.0 0.6 0.0 -0.0 -0.0 0.1 -0.6 0.1 0.3 25
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26 Historical Annuals, 1975-1984,

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 -3.3 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 entitlements (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).
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Historical Annuals, 1975-1984, 27

F.116 Private and Public Pension Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.4 1

 2 Fixed nonresidential investment 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.5 0.8 1.2 2

 3 Net acquisition of financial assets (2) 84.9 83.9 93.7 103.1 110.3 174.1 145.6 160.2 215.7 149.6 3

 4 Checkable deposits and currency 1.1 0.1 0.3 0.5 0.1 -0.9 -0.7 -0.8 0.9 1.2 4

 5 Time and savings deposits 2.1 2.2 3.3 5.0 5.3 4.2 4.8 15.1 14.4 10.2 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 2.9 1.8 7

 8 Credit market instruments 24.4 16.0 21.9 27.3 32.6 51.2 49.1 68.5 50.3 72.7 8

 9 Open market paper 3.7 1.9 0.4 -0.2 4.2 4.1 5.0 -9.3 3.0 4.0 9

 10 Treasury securities 4.8 7.2 5.9 4.6 8.1 12.4 21.1 37.8 30.2 34.1 10

 11 Agency- and GSE-backed securities 1.8 2.2 5.2 4.6 5.3 9.5 7.0 21.9 11.8 9.8 11

 12 Corporate and foreign bonds 13.3 3.1 9.9 17.2 13.6 23.3 14.2 13.7 3.2 25.1 12

 13 Mortgages -0.1 0.2 0.4 0.8 1.4 1.7 2.0 5.1 3.2 0.2 13

 14 Corporate equities 9.9 9.4 11.7 12.4 17.5 22.6 25.4 28.9 27.9 3.4 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 45.5 55.3 55.0 57.0 52.2 93.5 66.1 47.0 117.8 58.1 16

 17 Claims of pension fund on sponsor (3) 30.1 47.2 39.6 39.0 36.8 79.0 57.1 30.8 85.8 36.7 17

 18 Other 10.8 3.0 8.5 10.2 6.6 4.2 -1.4 2.2 15.3 2.1 18

 19 Pension entitlements (liabilities) (4) 84.9 83.9 93.7 103.2 110.4 174.3 145.8 160.4 216.2 150.4 19

 Memo:

 20 Household retirement assets (5) ND ND ND ND ND ND ND 226.3 282.6 245.6 20

 21 Defined benefit plans (6) 71.1 77.3 82.5 90.0 94.1 155.9 127.7 139.5 188.2 136.0 21

 22 Defined contibution plans (7) 13.8 6.6 11.2 13.1 16.1 18.2 17.9 20.7 27.6 13.6 22

 23 Individual retirement plans (IRAs) (8) ND ND ND ND ND ND ND 28.9 37.3 50.7 23

 24 Annuities at life insurance companies (9) ND ND ND ND ND ND ND 37.2 29.5 45.3 24

(1) Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans (including 401(k) type plans).

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(5) Households’ retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.

(6) Additional detail on private defined benefit plans is available on table L.117.b.

(7) Additional detail on private defined contribution plans is available on table L.117.c.

(8) IRA assets are not included above. See table L.226.i for a sectoral distribution of IRA accounts.

(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 23.
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28 Historical Annuals, 1975-1984,

F.117 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 (2) 31.1 29.3 33.9 35.8 38.8 99.9 67.0 76.9 126.1 52.7 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 2.6 13.3 10.7 10.1 -3.2 45.5 16.5 -6.0 60.5 8.1 16

 17 Unallocated insurance contracts (3) 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 Claims of pension fund on sponsor (4) -9.1 9.8 1.9 -0.8 -10.7 40.0 17.6 -10.0 43.3 5.0 19

 20 Other 10.8 3.0 8.5 10.2 6.6 4.1 -1.5 2.1 15.0 2.2 20

 21 Pension entitlements (liabilities) (5) 31.1 29.3 33.9 35.8 38.9 100.0 67.2 77.0 126.5 53.3 21

 Memo:

 Net acquisition of financial assets (6)

 22 Defined benefit plans ND ND ND ND ND ND ND ND ND ND 22

 23 Defined contibution plans ND ND ND ND ND ND ND ND ND ND 23

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

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

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

(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(6) Additional detail on defined benefit plans and defined contribution plans is available on F.117.b and F.117.c.
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Historical Annuals, 1975-1984, 29

F.118 State and Local Government Employee Retirement 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 0.1 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 (2) 21.4 21.0 23.4 25.4 27.9 29.4 31.8 34.4 38.7 40.2 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 10.5 8.5 7.9 4.9 11.9 3.2 2.8 4.1 6.3 -6.7 17

 18 Claims of pension fund on sponsor (3) 10.5 8.5 7.9 4.9 11.9 3.2 2.8 4.0 6.1 -6.6 18

 19 Other 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 19

 20 Pension entitlements (liabilities) (4) 21.4 21.0 23.4 25.4 27.9 29.5 31.9 34.4 38.7 40.3 20

(1) Defined benefit plans.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.

F.119 Federal Government Employee Retirement Funds

Billions of dollars

 1 Net acquisition of financial assets (1) 32.4 33.5 36.3 41.9 43.6 44.8 46.7 49.0 51.0 56.8 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) 32.4 33.5 36.3 41.9 43.6 44.8 46.7 49.0 51.0 56.8 7

 8 Nonmarketable Treasury securities 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 8

 9 Claims of pension fund on sponsor (3) 28.7 28.9 29.8 34.9 35.6 35.8 36.7 36.9 36.4 38.3 9

 10 Pension entitlements (liabilities) (4) 32.4 33.5 36.3 41.9 43.6 44.8 46.7 49.0 51.0 56.8 10

 Memo:

 Net acquisition of financial assets

 11 Defined benefit plans (2) 32.4 33.5 36.3 41.9 43.6 44.8 46.7 49.0 51.0 56.8 11

 12 Defined contibution plans (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(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) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(5) Includes the Thrift Savings Plan and the National Railroad Retirement Investment Trust.
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30 Historical Annuals, 1975-1984,

F.120 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.121 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.122 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
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Historical Annuals, 1975-1984, 31

F.123 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.124) 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.124 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.123). 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.
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32 Historical Annuals, 1975-1984,

F.125 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.127.

F.126 Finance Companies (1)

Billions of dollars

 1 Gross saving 0.8 0.9 1.1 1.2 1.4 0.5 0.2 1.0 2.7 2.6 1

 2 Fixed nonresidential investment 1.3 1.5 1.8 2.3 2.7 3.2 3.4 3.2 6.2 8.9 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 -0.5 -1.0 -1.4 -2.3 -2.8 -4.9 -3.4 -2.9 -4.3 -6.6 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.125.
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Historical Annuals, 1975-1984, 33

F.127 Real Estate Investment Trusts (REITs) (1)

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 0.6 0.6 0.7 0.7 0.2 0.1 -1.1 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

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on F.127.e and F.127.m.
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34 Historical Annuals, 1975-1984,

F.128 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 1.8 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 -0.2 -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).
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Historical Annuals, 1975-1984, 35

F.129 Holding Companies (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 1.9 2.2 2.5 6.0 6.8 7.9 9.3 11.0 13.0 13.9 1

 2 Fixed nonresidential investment 3.7 3.8 4.1 5.2 6.8 8.6 10.6 12.0 11.8 14.0 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 trans. with depository institution subs. 7.0 4.5 6.4 5.8 6.2 4.7 12.6 14.0 12.3 18.3 13

 14 Net trans. with property-casualty ins. 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 trans. with life insurance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Net trans. with finance company subs. 6.7 3.3 0.4 3.3 2.4 2.1 -8.9 6.2 4.1 8.3 16

 17 Net trans. with broker and dealer subs. -0.2 0.8 1.4 -0.5 1.0 3.6 7.6 1.8 3.8 2.5 17

 18 Net trans. with foreign subs. 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 -6.1 -6.7 -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.
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36 Historical Annuals, 1975-1984,

F.130 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.
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Historical Annuals, 1975-1984, 37

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
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38 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 39

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
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40 Historical Annuals, 1975-1984,

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
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Historical Annuals, 1975-1984, 41

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 4.1 15.9 6.5 23.4 15.3 22.7 25.5 29.0 11.0 34.2 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) 1.8 13.7 11.8 24.7 17.7 21.8 17.1 4.3 27.0 17.1 3

 4 U.S.-chartered depository institutions (net) 1.8 13.7 11.8 24.7 17.7 22.5 18.8 5.1 24.6 17.8 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 3.4 12.2 5.7 15.0 -0.5 9.3 18.4 14.9 -1.5 -5.1 26
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42 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 43

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 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 1.4 0.6 23

 24 Other Treasury securities 1.9 2.6 2.5 0.7 0.2 1.6 1.4 0.6 3.3 5.9 24

 25 Life insurance companies 1.4 0.6 -0.1 -0.5 0.1 1.0 2.3 8.4 12.1 12.6 25

 26 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Other Treasury securities 1.4 0.6 -0.1 -0.5 0.1 1.0 2.3 8.4 12.1 12.6 27

 28 Private pension funds 3.8 5.7 3.2 1.9 2.8 6.2 14.5 28.5 18.2 15.1 28

 29 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 29

 30 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Money market mutual funds 0.8 0.2 -0.3 0.0 0.7 1.9 18.0 21.1 -19.8 2.4 31

 32 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 32

 33 Other Treasury securities 0.8 0.2 -0.3 0.0 0.7 1.9 18.0 21.1 -19.8 -0.9 33

 34 Mutual funds -0.0 0.0 0.2 -0.2 -0.0 0.3 0.9 2.3 -1.0 2.6 34

 35 Closed-end funds 0.0 0.0 -0.2 0.1 -0.0 0.0 -0.1 0.0 -0.0 -0.1 35

 36 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Government-sponsored enterprises 1.5 1.5 -3.4 0.5 -0.2 0.4 0.2 1.5 -1.6 0.9 37

 38 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Brokers and dealers -1.1 4.5 -5.3 -2.0 -5.4 2.3 7.7 6.2 -9.7 12.6 39

 40 Holding companies 0.1 0.0 0.1 -0.1 0.1 0.0 -0.0 -0.1 0.1 0.1 40

 Memo:

 41 Federal government borrowing (1) 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 41

(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).
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44 Historical Annuals, 1975-1984,

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 41.
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Historical Annuals, 1975-1984, 45

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 26.9 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 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Property-casualty insurance companies 2.6 5.4 10.7 13.5 9.9 7.7 4.0 3.0 -0.3 -1.2 17

 18 Life insurance companies 0.8 1.1 0.5 0.4 0.0 0.3 0.5 1.9 0.9 -1.3 18

 19 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 19

 20 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 2.0 2.4 8.9 3.6 7.1 20

 21 Mutual funds 0.0 0.5 1.6 0.5 1.4 0.4 0.7 2.9 5.5 5.7 21

 22 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.5 24

 25 Brokers and dealers -0.1 1.0 0.4 -0.2 0.3 0.3 0.5 1.6 1.8 4.5 25

(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).
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46 Historical Annuals, 1975-1984,

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) (2) 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 (3) 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 (4) 0.8 1.2 4.0 1.8 2.7 9.0 10.7 15.2 6.2 15.6 16

 17 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Other 0.8 1.2 4.0 1.8 2.7 9.0 10.7 15.2 6.2 15.6 18

 19 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 19

 20 MBS and other ABS 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 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 22

 23 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 23

 24 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Property-casualty insurance companies 2.2 3.9 3.7 1.8 2.0 0.0 2.8 -0.5 -4.2 4.1 27

 28 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Other 2.2 3.9 3.7 1.8 2.0 0.0 2.8 -0.5 -4.2 4.1 29

 30 Life insurance companies 9.1 16.9 18.8 17.3 11.6 8.7 7.3 16.2 16.7 23.7 30

 31 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Other 9.1 16.9 18.8 17.3 11.6 8.7 7.3 16.2 16.7 23.7 32

 33 Private pension funds 6.9 -1.7 4.3 8.4 10.7 14.0 5.6 11.9 12.7 15.5 33

 34 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 34

 35 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.1 0.5 -0.3 -0.1 0.4 36

 37 Mutual funds 0.7 0.3 1.1 -0.7 0.8 1.3 1.6 0.2 2.7 1.3 37

 38 Closed-end funds 0.1 0.2 -0.5 0.3 0.0 0.0 -0.0 0.4 -0.2 -0.4 38

 39 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 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 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 43

 44 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 Brokers and dealers 1.2 -0.9 0.1 -0.7 0.1 0.4 1.4 2.5 2.0 5.7 45

 46 Holding companies 1.1 0.4 0.9 -0.9 1.2 0.1 -0.0 -0.8 1.3 0.6 46

 47 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

(1) Net purchases of foreign issues by U.S. residents.

(2) Net issuance less net acquisition of corporate bonds held as assets.

(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
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Historical Annuals, 1975-1984, 47

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.
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48 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 49

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.
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50 Historical Annuals, 1975-1984,

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 45.8 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
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Historical Annuals, 1975-1984, 51

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. ND ND ND ND ND ND ND ND ND ND 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
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52 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 53

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 Households (nonprofit organizations) (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Nonfinancial corporate business 0.9 2.3 0.9 2.1 1.8 1.1 0.9 0.5 4.6 3.0 4

 5 Nonfinancial noncorporate business -0.4 -0.2 -0.5 -0.5 -0.6 -0.7 -0.1 -0.0 0.0 0.0 5

 6 Federal government (2) 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 4.0 12.7 23.2 27.5 26.1 -2.9 5.3 9.3 27.7 57.9 7

 8 Credit unions 3.8 5.5 6.4 7.6 2.2 -3.3 2.7 2.1 7.3 11.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.4 0.4 0.6 1.1 2.2 1.6 -1.8 1.0 9

 10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Finance companies -0.6 1.6 5.4 9.3 13.2 8.1 8.9 5.4 10.4 8.0 11

 Memo:

 12 Credit card loans (3) 1.3 2.2 22.1 9.0 8.6 1.6 6.3 5.7 13.3 22.5 12

 13 Auto loans 2.8 9.8 14.1 17.8 13.8 -0.4 7.8 7.7 18.8 29.1 13

 14 Student loans (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Other consumer credit (5) 3.7 10.0 -0.4 19.6 20.9 2.3 5.8 5.4 16.1 30.2 15

(1) Student loans originated under the Federal Family Education Loan Program.

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
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54 Historical Annuals, 1975-1984,

F.223 Trade Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in trade payables 16.7 31.6 44.0 54.5 74.6 50.1 40.2 22.8 23.7 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 6.0 4.4 -0.1 4.8 4

 5 State and local governments 3.8 4.0 4.2 4.7 5.3 5.9 6.3 6.7 7.1 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 -24.0 -11.4 -19.3 -14.7 11.0 -48.0 -29.8 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
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Historical Annuals, 1975-1984, 55

F.225 Life Insurance Reserves

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 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

F.226 Pension Entitlements

Billions of dollars

 1 Net change in liabilities 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 1

 2 Life insurance companies (1) 8.7 15.0 16.8 19.1 19.4 22.3 29.5 39.7 32.7 48.9 2

 3 Private pension funds (2) 31.1 29.3 33.9 35.8 38.9 100.0 67.2 77.0 126.5 53.3 3

 4 State and local govt. retirement funds 21.4 21.0 23.4 25.4 27.9 29.5 31.9 34.4 38.7 40.3 4

 5 Federal government retirement funds (3) 32.4 33.5 36.3 41.9 43.6 44.8 46.7 49.0 51.0 56.8 5

 6 Net change in assets (Households) (4) 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 6

(1) Annuities, including those at IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs) (table F.226.i), except those at life insurance companies.

F.227 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.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -10.9 -13.0 -7.8 -14.6 -27.2 -42.4 9.0 -56.0 -50.1 -58.5 1

 2 Nonfinancial noncorporate business -11.5 -13.5 -8.0 -15.0 -28.3 -43.0 8.9 -56.5 -50.4 -58.5 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
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56 Historical Annuals, 1975-1984,

F.229 Total Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 118.4 126.5 134.7 225.9 267.8 234.9 268.7 237.7 248.6 336.1 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 31.7 34.5 35.4 41.6 42.3 42.9 47.8 49.1 53.0 61.6 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 9.3 8.7 16.0 34.2 15.7 9.7 10.8 13.1 45.0 64.8 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 54.5 104.2 146.8 176.9 172.9 218.0 293.3 216.0 230.1 340.9 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 5.7 1.6 9.3 17.2 -0.2 12.4 12.0 32.7 10.6 40.8 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 -0.7 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 2.6 13.3 10.7 10.1 -3.2 45.5 16.5 -6.0 60.5 8.1 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 32.4 33.5 36.3 41.9 43.6 44.8 46.7 49.0 51.0 56.8 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 63.9 22.3 -12.1 48.9 94.9 16.9 -24.6 21.7 18.5 -4.8 45
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Historical Annuals, 1975-1984, 57

F.230 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).
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58 Historical Annuals, 1975-1984,

F.231 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

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business -9.1 9.8 1.9 -0.8 -10.7 40.0 17.6 -10.0 43.3 5.0 29

 30 State and local governments 10.5 8.5 7.9 4.9 11.9 3.2 2.8 4.0 6.1 -6.6 30

 31 Federal government 28.7 28.9 29.8 34.9 35.6 35.8 36.7 36.9 36.4 38.3 31

 32 Asset: Private pension funds -9.1 9.8 1.9 -0.8 -10.7 40.0 17.6 -10.0 43.3 5.0 32

 33 State and local govt. retirement funds 10.5 8.5 7.9 4.9 11.9 3.2 2.8 4.0 6.1 -6.6 33

 34 Federal government retirement funds 28.7 28.9 29.8 34.9 35.6 35.8 36.7 36.9 36.4 38.3 34

(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.

(3) Assets of the household sector.
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Historical Annuals, 1975-1984, 59

F.232 Unidentified Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 41.2 31.6 45.1 123.6 148.8 64.2 126.0 112.3 72.1 175.5 1

 2 Nonfinancial corporate business 34.9 12.9 31.5 63.0 119.3 54.0 109.7 46.5 -21.4 128.2 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 2.3 4.1 9.6 28.5 9.5 4.9 -1.8 -0.9 32.7 46.4 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 -22.7 9.3 57.1 74.7 53.9 47.3 150.7 90.6 53.6 180.4 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 4.7 -0.5 7.7 13.3 -5.6 9.9 7.4 28.0 11.9 31.3 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 -0.7 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 63.9 22.3 -12.1 48.9 94.9 16.9 -24.6 21.7 18.5 -4.8 39
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60 Historical Annuals, 1975-1984,

F.11 Sector Discrepancies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 All sectors 43.2 4.7 -37.5 5.9 45.4 -32.7 -55.4 35.9 -94.3 -68.4 1

 2 Household sector -14.6 -35.4 -54.9 -40.8 -34.1 -77.0 -95.6 -77.6 -111.1 -68.4 2

 3 Nonfinancial corporate business 52.8 33.0 25.6 44.3 64.7 52.6 18.3 78.3 24.8 2.1 3

 4 State and local governments -3.0 -1.6 -8.6 -3.9 -5.0 -6.1 -2.8 4.2 5.3 -8.7 4

 5 Federal government -1.4 0.6 5.9 0.1 -1.1 -5.6 11.4 9.0 -4.6 2.8 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 6.4 1.8 1.6 -1.3 -5.6 -13.2 -11.9 -14.1 -22.8 -10.7 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 8.6 6.7 3.9 0.7 -1.6 -7.1 -6.2 -2.8 1.4 10.5 9

 10 Foreign banking officed in U.S. 0.1 0.2 0.2 0.2 0.4 0.4 -0.3 -0.2 -0.1 -0.1 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 -0.0 0.0 0.6 0.0 -0.0 -0.0 0.1 -0.6 0.1 0.3 12

 13 Property-casualty insurance companies -1.3 -3.6 -2.7 -1.3 0.4 2.0 -0.6 -0.5 -3.2 -3.3 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 -0.5 -1.0 -1.4 -2.3 -2.8 -4.9 -3.4 -2.9 -4.3 -6.6 18

 19 REITs 0.4 0.4 0.5 0.6 0.6 0.7 0.7 0.2 0.1 -1.1 19

 20 Brokers and dealers -0.2 -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 -6.1 -6.7 -5.9 -7.5 21

F.12 Instrument Discrepancies

Billions of dollars

 1 All types 43.2 4.7 -37.5 5.9 45.4 -32.7 -55.4 35.9 -94.3 -68.4 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 3.4 12.2 5.7 15.0 -0.5 9.3 18.4 14.9 -1.5 -5.1 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 -24.0 -11.4 -19.3 -14.7 11.0 -48.0 -29.8 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 63.9 22.3 -12.1 48.9 94.9 16.9 -24.6 21.7 18.5 -4.8 12

 13 Nonfinancial -13.8 -21.1 -20.0 -24.0 -45.7 -44.9 -37.9 -7.9 -55.4 -40.0 13

 Nonfinancial components (sign reversed):

 14 Statistical discrepancy (NIPA) 13.2 20.5 19.3 23.1 44.8 43.9 36.7 6.8 54.1 38.6 14

 15 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 15
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Historical Annuals, 1975-1984, 61

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 4256.6 4749.9 5072.8 5623.2 6376.1 7288.8 7761.0 8367.6 9141.4 9728.7 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 78.8 104.2 123.6 130.1 160.3 201.1 246.6 290.4 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 Consumer credit (student loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Corporate equities (3) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 18

 19 Mutual fund shares 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 19

 20 Security credit 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 20

 21 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 21

 22 Pension entitlements (4) 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 22

 23 Claims of pension fund on sponsor 570.1 580.8 625.2 647.0 674.6 704.8 778.2 773.1 790.0 876.0 23

 24 Funded pension entitlements 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 24

 25 Equity in noncorporate business 1133.9 1263.5 1426.5 1656.9 1922.5 2164.3 2324.1 2369.0 2430.2 2429.6 25

 26 Miscellaneous assets 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 26

 27 Total liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 27

 28 Credit market instruments 741.5 828.5 956.1 1111.2 1278.5 1396.0 1505.9 1575.8 1731.1 1943.1 28

 29 Home mortgages (5) 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 29

 30 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 30

 31 Municipal securities 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 31

 32 Depository institution loans n.e.c. (6) 26.3 28.9 28.7 24.9 21.6 24.4 28.7 30.6 31.8 17.4 32

 33 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 33

 34 Commercial mortgages 15.0 15.6 16.3 17.2 17.6 18.3 19.1 20.9 28.4 35.4 34

 35 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 35

 36 Trade payables 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 36

 37 Deferred and unpaid life insurance premiums 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 37

(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 public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, at life insurance companies. Excludes social security.

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

(6) 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.
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62 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 63

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 353.7 390.6 436.6 495.2 585.8 679.5 809.1 901.5 968.5 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 190.1 151.6 168.3 182.7 215.8 251.1 353.6 459.7 537.4 700.1 21

 22 Total liabilities 1092.4 1195.8 1343.1 1541.4 1800.6 2023.9 2307.8 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. 136.7 130.9 146.0 168.6 198.6 225.8 258.8 317.9 345.9 405.2 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 107.9 114.9 129.2 141.8 144.0 134.3 141.4 127.2 158.3 173.2 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 Claims of pension fund on sponsor 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 35

 36 Other 234.6 251.3 272.9 343.6 456.1 537.2 614.2 703.0 729.3 712.0 36

 Memo:

 37 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 37

 38 Market value of equities 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 38

 39 Securities and mortgages 368.4 400.7 446.1 487.4 516.9 545.8 591.0 622.7 689.1 772.7 39

 40 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 40

 41 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 41

 42 Total liquid assets (5) 118.3 137.2 144.4 155.7 166.6 180.7 190.6 211.2 258.2 286.9 42

 Analytical measures (percent)

 43 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 43

 44 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 44

 45 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 45

(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.
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64 Historical Annuals, 1975-1984,

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 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.7 749.0 862.6 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.
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Historical Annuals, 1975-1984, 65

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 349.5 353.0 383.2 429.1 472.3 486.5 528.0 578.3 620.1 668.9 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 37.4 41.4 45.6 50.3 55.6 61.5 67.8 74.5 81.6 89.4 24

 25 Claims of pension fund on sponsor (3) 92.7 73.8 81.5 83.2 94.5 80.6 88.2 90.0 77.4 65.8 25

(1) Data for employee retirement funds are shown in table L.118.

(2) Debt with original maturity of 13 months or less.

(3) Included in miscellaneous liabilities.
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66 Historical Annuals, 1975-1984,

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 931.6 1041.2 1135.8 1235.5 1319.7 1446.1 1580.2 1796.8 2038.1 2297.3 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 454.4 487.0 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 27

 28 Nonmarketable securities held by pension plans (3) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 28

 29 Claims of pension fund on sponsor 411.2 439.7 467.7 502.0 536.9 571.9 607.6 643.8 679.2 714.3 29

 30 Other 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

(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) 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.
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Historical Annuals, 1975-1984, 67

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).
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68 Historical Annuals, 1975-1984,

L.107 Financial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 3127.3 3438.7 3813.5 4305.4 4817.3 5375.6 5966.4 6555.4 7320.7 8283.0 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 775.6 807.0 886.7 965.2 1025.2 1120.6 1258.9 1344.7 1446.2 1656.5 26

 27 Total liabilities 3008.4 3303.1 3665.7 4138.6 4633.9 5176.1 5785.7 6396.2 7136.0 8055.7 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 27.6 43.5 49.9 73.4 89.1 111.8 137.3 166.4 177.4 211.6 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 entitlements 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 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 211.1 243.2 283.1 346.0 396.3 451.8 538.4 546.9 668.8 744.5 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 and L.110 through L.130.
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Historical Annuals, 1975-1984, 69

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.
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70 Historical Annuals, 1975-1984,

L.109 Private Depository Institutions (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 1304.8 1444.3 1626.4 1849.6 2036.7 2213.6 2373.7 2504.3 2790.0 3190.0 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 37.3 38.3 46.8 67.8 66.6 85.8 109.3 140.4 149.9 218.6 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) 30.4 44.1 55.9 80.6 98.8 120.5 137.6 142.0 169.0 186.1 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 85.4 91.0 108.7 133.8 147.2 165.0 210.2 187.1 235.6 280.1 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 49.0 50.0 61.1 80.2 86.8 93.3 115.2 72.5 105.6 129.8 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.
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Historical Annuals, 1975-1984, 71

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 1239.7 1367.0 1536.4 1728.8 1895.4 2045.3 2177.5 2321.0 2590.3 2963.6 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 35.2 36.9 46.1 62.9 59.4 71.4 83.2 108.3 118.5 191.9 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) 30.4 44.1 55.9 80.6 98.8 121.2 140.0 145.2 169.8 187.5 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 81.0 87.0 103.0 125.1 137.8 147.5 158.3 148.1 192.9 236.7 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 45.5 47.0 56.6 72.9 79.4 84.3 82.5 58.4 90.8 116.3 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.
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72 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 73

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

 8 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 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 9

 10 Home mortgages 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 10

 11 Consumer credit 25.7 31.2 37.6 45.2 47.4 44.1 46.7 48.8 56.1 67.9 11

 12 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Miscellaneous assets -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 13

 14 Total liabilities 28.8 35.0 42.3 50.0 53.3 55.8 56.7 57.6 69.4 83.3 14

 15 Net interbank liabilities -5.1 -4.9 -5.9 -4.5 -5.8 -8.3 -8.7 -16.3 -18.4 -17.6 15

 16 Shares/deposits 33.0 39.0 46.7 53.0 57.5 61.7 64.6 74.8 89.7 102.6 16

 17 Checkable 0.1 0.3 0.6 1.1 1.5 3.3 3.9 5.7 8.0 9.5 17

 18 Small time and savings 32.9 38.7 46.1 51.8 55.7 57.9 60.2 68.4 81.0 92.3 18

 19 Large time 0.0 0.0 0.0 0.1 0.3 0.5 0.6 0.7 0.7 0.8 19

 20 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 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 Miscellaneous liabilities 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 22
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74 Historical Annuals, 1975-1984,

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 entitlements (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).
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Historical Annuals, 1975-1984, 75

L.116 Private and Public Pension Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets (2) 960.5 1021.9 1106.6 1210.6 1323.6 1490.8 1625.9 1799.5 2019.0 2230.9 1

 2 Checkable deposits and currency 4.7 4.8 5.1 5.6 5.6 4.8 4.1 3.2 4.1 5.3 2

 3 Time and savings deposits 15.6 17.8 21.1 26.0 31.4 35.5 40.3 55.4 69.8 80.0 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 11.6 13.4 5

 6 Credit market instruments 149.5 165.5 187.4 214.7 247.3 298.6 347.6 416.1 466.4 539.1 6

 7 Open market paper 9.1 11.0 11.3 11.2 15.4 19.5 24.5 15.2 18.2 22.2 7

 8 Treasury securities 14.9 22.1 28.1 32.6 40.7 53.1 74.2 112.1 142.2 176.3 8

 9 Agency- and GSE-backed securities 10.7 12.9 18.1 22.6 27.9 37.4 44.4 66.3 78.1 87.9 9

 10 Corporate and foreign bonds 102.9 106.0 115.8 133.0 146.7 169.9 184.1 197.8 201.0 226.1 10

 11 Mortgages 9.9 10.1 10.5 11.3 12.7 14.5 16.4 21.5 24.8 25.0 11

 12 Corporate equities 132.3 155.6 153.6 183.6 212.5 276.3 275.3 354.6 454.5 471.1 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 651.3 670.1 729.9 769.7 812.8 857.4 939.8 950.9 999.8 1107.2 14

 15 Claims of pension fund on sponsor (3) 570.1 580.8 625.2 647.0 674.6 704.8 778.2 773.1 790.0 876.0 15

 16 Other 35.5 38.5 47.0 57.1 63.7 67.9 66.5 68.7 84.0 86.1 16

 17 Pension entitlements (liabilities) (4) 964.7 1026.6 1111.8 1216.8 1332.2 1502.5 1641.9 1819.3 2044.2 2255.1 17

 Memo:

 Funded status of defined benefit plans:

 18 Pension entitlements 890.1 942.2 1019.1 1106.2 1198.9 1339.1 1467.5 1611.0 1789.5 1967.6 18

 19 Funded by assets (5) 320.0 361.4 393.9 459.2 524.3 634.3 689.4 837.9 999.5 1091.6 19

 20 Unfunded (line 15) 570.1 580.8 625.2 647.0 674.6 704.8 778.2 773.1 790.0 876.0 20

 21 Household retirement assets (6) ND ND ND ND ND ND 1860.4 2104.6 2398.7 2705.7 21

 22 Defined benefit plans (7) 885.9 937.6 1013.8 1100.0 1190.3 1327.4 1451.5 1591.2 1764.4 1943.5 22

 23 Defined contibution plans (8) 74.6 84.3 92.8 110.6 133.3 163.4 174.4 208.3 254.7 287.5 23

 24 Individual retirement plans (IRAs) (9) ND ND ND ND ND ND 38.0 68.0 107.0 159.0 24

 25 Annuities at life insurance companies (10) ND ND ND ND ND ND 196.5 237.1 272.7 315.8 25

(1) Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans (including 401(k) type plans).

(2) Includes claims on sponsor (i.e., unfunded defined benefit pension entitlements).

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(5) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.

(6) Households’ retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.

(7) Additional detail on private defined benefit plans is available on table L.117.b.

(8) Additional detail on private defined contribution plans is available on table L.117.c.

(9) IRA assets are not included above. See table L.226.i for a sectoral distribution of IRA accounts.

(10) Annuities held in IRAs at life insurance companies are excluded. They are included in line 21.
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76 Historical Annuals, 1975-1984,

L.117 Private Pension Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets (2) 310.4 342.6 373.3 413.0 456.3 565.3 621.6 708.2 848.5 972.0 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 105.2 109.9 127.4 124.2 113.2 127.7 156.7 117.6 129.0 194.4 14

 15 Unallocated insurance contracts (3) 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 Claims of pension fund on sponsor (4) 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 17

 18 Other 35.5 38.5 47.0 57.1 63.7 67.8 66.4 68.5 83.5 85.7 18

 19 Pension entitlements (liabilities) (5) 314.5 347.0 378.1 418.7 464.1 576.0 636.3 726.5 871.8 993.6 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements ND ND ND ND ND ND ND ND ND 706.2 20

 21 Funded by assets (6) 173.8 195.3 209.4 246.4 287.6 360.3 379.5 479.0 583.7 610.4 21

 22 Unfunded (line 17) 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 22

 Total financial assets (7)

 23 Defined benefit plans ND ND ND ND ND ND ND ND ND 684.5 23

 24 Defined contibution plans ND ND ND ND ND ND ND ND ND 287.5 24

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

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

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

(4) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(6) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.

(7) Additional detail on defined benefit plans and defined contribution plans is available on L.117.b and L.117.c.
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Historical Annuals, 1975-1984, 77

L.118 State and Local Government Employee Retirement Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets (2) 196.7 193.0 212.4 235.3 262.1 276.4 309.5 348.2 377.5 412.3 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 92.7 73.8 81.5 83.2 94.5 80.6 88.3 90.3 77.9 66.2 15

 16 Claims of pension fund on sponsor (3) 92.7 73.8 81.5 83.2 94.5 80.6 88.2 90.0 77.4 65.8 16

 17 Other 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 17

 18 Pension entitlements (liabilities) (4) 196.9 193.2 212.7 235.7 262.9 277.4 310.8 349.7 379.4 414.9 18

 Memo:

 Funded status of defined benefit plans:

 19 Pension entitlements 196.9 193.2 212.7 235.7 262.9 277.4 310.8 349.7 379.4 414.9 19

 20 Funded by assets (5) 104.2 119.5 131.3 152.5 168.4 196.8 222.6 259.6 302.0 349.0 20

 21 Unfunded (line 16) 92.7 73.8 81.5 83.2 94.5 80.6 88.2 90.0 77.4 65.8 21

(1) Defined benefit plans.

(2) Includes claims on sponsor (i.e., unfunded pension entitlements).

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.

(5) Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.

L.119 Federal Government Employee Retirement Funds

Billions of dollars

 1 Total financial assets (1) 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 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) 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 7

 8 Nonmarketable Treasury securities 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 8

 9 Claims of pension fund on sponsor (3) 411.2 439.7 467.7 502.0 536.9 571.9 607.6 643.8 679.2 714.3 9

 10 Pension entitlements (liabilities) (4) 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 10

 Memo:

 Funded status of defined benefit plans:

 11 Pension entitlements 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 11

 12 Funded by assets (5) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 12

 13 Unfunded (line 9) 411.2 439.7 467.7 502.0 536.9 571.9 607.6 643.8 679.2 714.3 13

 Total financial assets

 14 Defined benefit plans (6) 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 14

 15 Defined contibution plans (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

(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) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(5) Total defined benefit financial assets less claims of pension fund on sponsor.

(6) Includes the Thrift Savings Plan and the National Railroad Retirement Investment Trust.
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78 Historical Annuals, 1975-1984,

L.120 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.121 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.122 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
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Historical Annuals, 1975-1984, 79

L.123 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.124) 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.124 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.123). 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.
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80 Historical Annuals, 1975-1984,

L.125 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.127.

(6) Included in table L.110 line 43.

L.126 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.125.
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Historical Annuals, 1975-1984, 81

L.127 Real Estate Investment Trusts (REITs) (1)

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

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on L.127.e and L.127.m.
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82 Historical Annuals, 1975-1984,

L.128 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).
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Historical Annuals, 1975-1984, 83

L.129 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 trans. with depository subs. 35.5 40.0 46.4 52.2 58.5 63.2 75.8 89.8 102.1 120.4 11

 12 Net trans. with property-casualty ins. 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 trans. with life insurance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Net trans. with finance company subs. 9.9 13.2 13.7 16.9 19.3 21.4 12.5 18.7 22.8 31.1 14

 15 Net trans. with broker and dealer subs. 5.1 5.9 7.2 6.7 7.8 11.3 18.9 20.8 24.6 27.2 15

 16 Net trans. with foreign subs. 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.
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84 Historical Annuals, 1975-1984,

L.130 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.
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Historical Annuals, 1975-1984, 85

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
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86 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 87

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
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88 Historical Annuals, 1975-1984,

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
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Historical Annuals, 1975-1984, 89

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 27.6 43.5 49.9 73.4 89.1 111.8 137.3 166.4 177.4 211.6 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) 30.4 44.1 55.9 80.6 98.8 120.5 137.6 142.0 169.0 186.1 3

 4 U.S.-chartered depository institutions (net) 30.4 44.1 55.9 80.6 98.8 121.2 140.0 145.2 169.8 187.5 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 18.7 30.9 36.6 51.7 51.6 60.8 79.3 94.2 92.8 87.7 26
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90 Historical Annuals, 1975-1984,

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.
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Historical Annuals, 1975-1984, 91

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 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.1 2.7 23

 24 Other Treasury securities 4.7 7.3 9.8 10.5 10.7 12.2 13.5 14.1 17.4 23.3 24

 25 Life insurance companies 4.7 5.4 5.3 4.8 4.9 5.8 8.2 16.5 28.6 41.2 25

 26 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Other Treasury securities 4.7 5.4 5.3 4.8 4.9 5.8 8.2 16.5 28.6 41.2 27

 28 Private pension funds 12.4 18.1 21.3 23.2 26.0 32.2 46.7 75.2 93.3 108.4 28

 29 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 29

 30 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Money market mutual funds 0.9 1.1 0.9 0.9 1.6 3.5 21.5 42.6 22.8 25.2 31

 32 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20.2 32

 33 Other Treasury securities 0.9 1.1 0.9 0.9 1.6 3.5 21.5 42.6 22.8 5.0 33

 34 Mutual funds 1.1 1.1 1.8 1.6 1.5 1.9 2.8 5.1 4.1 6.6 34

 35 Closed-end funds 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 35

 36 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Government-sponsored enterprises 2.9 4.4 1.0 1.4 1.2 1.7 1.9 3.4 1.8 2.7 37

 38 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Brokers and dealers 1.2 5.6 0.4 -1.6 -7.0 -4.7 3.0 9.2 -0.5 12.1 39

 40 Holding companies 0.1 0.2 0.3 0.2 0.3 0.3 0.3 0.2 0.4 0.4 40

 Memo:

 41 Federal government debt (1) 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 41

(1) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
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92 Historical Annuals, 1975-1984,

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 41.
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Historical Annuals, 1975-1984, 93

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 78.8 104.2 123.6 130.1 160.3 201.1 246.6 290.4 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 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Property-casualty insurance companies 33.3 38.7 49.4 62.9 72.8 80.5 83.9 87.0 86.7 84.7 17

 18 Life insurance companies 4.5 5.6 6.1 6.4 6.4 6.7 7.2 9.0 10.0 8.7 18

 19 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 19

 20 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 2.0 4.4 13.3 16.9 24.0 20

 21 Mutual funds 0.0 0.5 2.2 2.7 4.0 4.4 5.1 8.0 13.4 19.1 21

 22 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.2 24

 25 Brokers and dealers 0.6 1.7 2.1 1.9 2.2 2.5 3.0 4.6 6.5 11.0 25

(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).
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94 Historical Annuals, 1975-1984,

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) (2) 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 (3) 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 (4) 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 16

 17 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Other 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 18

 19 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 19

 20 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 20

 21 Other 24.4 29.3 27.9 29.6 27.2 33.7 30.4 38.8 54.1 68.3 21

 22 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 22

 23 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 23

 24 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Property-casualty insurance companies 12.2 16.1 19.8 21.6 23.6 23.6 26.3 25.8 21.6 25.7 27

 28 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Other 12.2 16.1 19.8 21.6 23.6 23.6 26.3 25.8 21.6 25.7 29

 30 Life insurance companies 105.5 122.4 141.2 158.5 170.1 178.8 186.1 202.3 219.1 242.8 30

 31 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Other 105.5 122.4 141.2 158.5 170.1 178.8 186.1 202.3 219.1 242.8 32

 33 Private pension funds 41.9 40.2 44.6 53.0 63.7 77.7 83.3 95.2 108.0 123.4 33

 34 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 34

 35 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.3 0.8 0.5 0.4 0.8 36

 37 Mutual funds 5.6 6.0 7.0 6.4 7.2 8.5 10.1 10.2 13.0 14.2 37

 38 Closed-end funds 2.4 2.6 2.1 2.3 2.4 2.4 2.3 2.8 2.6 2.2 38

 39 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 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 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.6 43

 44 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 Brokers and dealers 3.0 2.1 2.2 1.5 1.6 2.0 3.4 5.9 7.9 13.7 45

 46 Holding companies 1.1 1.4 2.3 1.4 2.6 2.7 2.7 1.9 3.1 3.7 46

 47 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

(1) Holdings of foreign issues by U.S. residents.

(2) Liabilities net of assets.

(3) For some sectors, holdings of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.

(4) Holdings of U.S. issues by foreign residents.
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Historical Annuals, 1975-1984, 95

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.
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96 Historical Annuals, 1975-1984,

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 136.7 130.9 146.0 168.6 198.6 225.8 258.8 317.9 345.9 405.2 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.
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Historical Annuals, 1975-1984, 97

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.
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98 Historical Annuals, 1975-1984,

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 107.9 114.9 129.2 141.8 144.0 134.3 141.4 127.2 158.3 173.2 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
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Historical Annuals, 1975-1984, 99

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. ND ND ND ND ND ND ND ND ND ND 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
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100 Historical Annuals, 1975-1984,

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 99.4 103.1 105.3 104.2 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.
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Historical Annuals, 1975-1984, 101

L.222 Consumer Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities (Households) 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 1

 2 Net change in assets 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 2

 3 Households (nonprofit organizations) (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Nonfinancial corporate business 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 4

 5 Nonfinancial noncorporate business 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 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 116.2 128.9 152.1 179.6 205.7 202.9 208.2 217.5 245.2 303.1 7

 8 Credit unions 25.7 31.2 37.6 45.2 47.4 44.1 46.7 48.8 56.1 67.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.5 0.9 1.5 2.6 4.8 6.4 4.6 5.6 9

 10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Finance companies 41.3 42.9 48.4 57.7 70.8 78.9 87.8 93.2 103.7 111.7 11

 Memo:

 12 Credit card loans (3) 15.0 17.2 39.3 48.3 56.9 58.5 64.8 70.5 83.8 106.3 12

 13 Auto loans 57.0 66.8 80.9 98.7 112.4 112.0 119.7 127.5 146.2 175.3 13

 14 Student loans (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Other consumer credit (5) 135.0 145.0 144.7 164.3 185.3 187.6 193.3 198.8 214.8 245.0 15

(1) Student loans originated under the Federal Family Education Loan Program.

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
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102 Historical Annuals, 1975-1984,

L.223 Trade Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total trade payables 278.2 310.8 354.8 418.3 493.0 543.1 583.3 606.1 629.8 687.1 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 37.4 41.4 45.6 50.3 55.6 61.5 67.8 74.5 81.6 89.4 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 -50.9 -59.1 -68.0 -83.0 -94.4 -113.7 -128.2 -117.2 -165.2 -195.0 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
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Historical Annuals, 1975-1984, 103

L.225 Life Insurance Reserves

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 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

L.226 Pension Entitlements

Billions of dollars

 1 Total liabilities 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 1

 2 Life insurance companies (1) 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 2

 3 Private pension funds (2) 314.5 347.0 378.1 418.7 464.1 576.0 636.3 726.5 871.8 993.6 3

 4 State and local govt. retirement funds 196.9 193.2 212.7 235.7 262.9 277.4 310.8 349.7 379.4 414.9 4

 5 Federal government retirement funds (3) 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 5

 6 Total assets (Households) (4) 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 6

(1) Annuities, including those in IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs) (table L.226.i), except those at life insurance companies.

L.227 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.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 1133.9 1263.5 1426.5 1656.9 1922.5 2164.3 2324.1 2369.0 2430.2 2429.6 1

 2 Nonfinancial noncorporate business 1131.7 1261.6 1424.8 1655.0 1919.8 2162.3 2322.2 2366.5 2427.2 2426.5 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
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104 Historical Annuals, 1975-1984,

L.229 Total Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 1251.9 1441.4 1584.8 1811.0 2091.4 2359.2 2673.2 2864.1 3048.1 3237.4 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 454.4 487.0 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 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 81.0 87.0 103.0 125.1 137.8 147.5 158.3 148.1 192.9 236.7 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 1236.3 1343.8 1485.3 1659.2 1845.3 2090.6 2421.8 2603.7 2846.7 3256.6 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 353.7 390.6 436.6 495.2 585.8 679.5 809.1 901.5 968.5 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 35.2 36.9 46.1 62.9 59.4 71.4 83.2 108.3 118.5 191.9 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 105.2 109.9 127.4 124.2 113.2 127.7 156.7 117.6 129.0 194.4 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 453.3 486.3 521.0 562.3 605.1 649.1 694.8 743.1 793.0 846.6 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 -77.1 23.8 18.1 68.6 151.6 188.0 163.3 170.3 124.0 -85.1 45
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Historical Annuals, 1975-1984, 105

L.230 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).
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106 Historical Annuals, 1975-1984,

L.231 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

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 29

 30 State and local governments 92.7 73.8 81.5 83.2 94.5 80.6 88.2 90.0 77.4 65.8 30

 31 Federal government 411.2 439.7 467.7 502.0 536.9 571.9 607.6 643.8 679.2 714.3 31

 32 Asset: Private pension funds 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 32

 33 State and local govt. retirement funds 92.7 73.8 81.5 83.2 94.5 80.6 88.2 90.0 77.4 65.8 33

 34 Federal government retirement funds 411.2 439.7 467.7 502.0 536.9 571.9 607.6 643.8 679.2 714.3 34

(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.

(3) Assets of the household sector.
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Historical Annuals, 1975-1984, 107

L.232 Unidentified Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 300.0 355.0 385.5 497.5 633.9 720.9 843.6 968.3 1077.6 1075.8 1

 2 Nonfinancial corporate business 234.6 251.3 272.9 343.6 456.1 537.2 614.2 703.0 729.3 712.0 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 45.5 47.0 56.6 72.9 79.4 84.3 82.5 58.4 90.8 116.3 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 284.4 257.4 286.0 345.7 387.8 452.3 592.1 707.9 876.3 1095.0 18

 19 Nonfinancial corporate business 190.1 151.6 168.3 182.7 215.8 251.1 353.6 459.7 537.4 700.1 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 26.3 25.8 33.5 46.3 37.4 46.9 54.1 74.5 86.2 150.5 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 -77.1 23.8 18.1 68.6 151.6 188.0 163.3 170.3 124.0 -85.1 39
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108 Historical Annuals, 1975-1984,

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 6544.8 7295.1 8022.7 9034.8 10341.7 11743.7 12682.1 13520.8 14557.5 15801.0 1

 2 Nonfinancial assets 2288.2 2545.1 2949.9 3411.5 3965.6 4454.9 4921.2 5153.2 5416.1 6072.3 2

 3 Real estate 1684.2 1880.0 2211.5 2578.3 3026.5 3414.0 3804.4 3990.4 4176.7 4734.2 3

 4 Households (2,3) 1413.7 1590.0 1886.8 2210.9 2603.3 2943.2 3293.0 3447.4 3606.1 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

 6 Equipment (nonprofits) (4) 19.3 22.0 24.6 28.1 31.7 36.4 40.3 42.9 45.5 48.3 6

 7 Intellectual property products (nonprofits) (4) 6.8 7.6 8.6 10.0 11.8 13.6 15.7 17.5 18.9 20.2 7

 8 Consumer durable goods (4) 578.0 635.5 705.1 795.1 895.7 990.9 1060.8 1102.4 1175.0 1269.6 8

 9 Financial assets 4256.6 4749.9 5072.8 5623.2 6376.1 7288.8 7761.0 8367.6 9141.4 9728.7 9

 10 Deposits 924.5 1033.4 1150.4 1267.9 1386.1 1550.4 1758.5 1940.9 2115.2 2391.1 10

 11 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 11

 12 Checkable deposits and currency 158.7 169.2 184.2 200.7 220.5 238.1 284.4 303.9 313.6 327.0 12

 13 Time and savings deposits 762.2 860.8 963.0 1058.3 1126.1 1248.0 1319.5 1447.8 1644.7 1864.2 13

 14 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 186.7 149.9 193.0 14

 15 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.2 703.8 808.7 15

 16 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 16

 17 Treasury securities 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.1 230.7 277.7 17

 18 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 18

 19 Other Treasury 44.4 30.7 27.8 29.6 76.0 101.3 100.6 116.8 159.2 203.2 19

 20 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 20

 21 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.6 290.4 21

 22 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 22

 23 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 23

 24 Mortgages 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 24

 25 Consumer credit (student loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Corporate equities (2) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 26

 27 Mutual fund shares (6) 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 27

 28 Security credit 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 28

 29 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 29

 30 Pension entitlements 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 30

 31 Equity in noncorporate business (7) 1133.9 1263.5 1426.5 1656.9 1922.5 2164.3 2324.1 2369.0 2430.2 2429.6 31

 32 Miscellaneous assets 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 32

 33 Liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 33

 34 Credit market instruments 741.5 828.5 956.1 1111.2 1278.5 1396.0 1505.9 1575.8 1731.1 1943.1 34

 35 Home mortgages (8) 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 35

 36 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 36

 37 Municipal securities (9) 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 37

 38 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 38

 39 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 39

 40 Commercial mortgages (9) 15.0 15.6 16.3 17.2 17.6 18.3 19.1 20.9 28.4 35.4 40

 41 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 41

 42 Trade payables (9) 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 42

 43 Deferred and unpaid life insurance premiums 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 43

 44 Net worth 5776.7 6434.9 7031.7 7884.2 9021.4 10296.3 11123.7 11888.1 12758.1 13789.8 44

 Memo:

 Replacement-cost value of structures:

 45 Residential 1196.0 1339.4 1573.1 1831.6 2135.3 2405.6 2581.0 2683.7 2797.7 2967.3 45

 46 Households 1157.3 1297.7 1525.6 1778.4 2074.9 2338.4 2509.4 2608.8 2720.6 2886.9 46

 47 Nonprofit organizations 38.7 41.7 47.5 53.2 60.5 67.2 71.7 74.9 77.1 80.4 47

 48 Nonresidential (nonprofits) 158.8 169.1 187.0 208.3 237.3 266.3 289.3 308.6 324.3 344.3 48

 49 Disposable personal income (SAAR) 1219.3 1325.8 1456.7 1630.1 1809.3 2018.0 2250.7 2424.7 2617.4 2903.9 49

 Household net worth as percentage of

 50 disposable personal income (SAAR) 473.8 485.4 482.7 483.7 498.6 510.2 494.2 490.3 487.4 474.9 50

 Owners’ equity in household real

 51 estate (10) 954.6 1073.0 1283.9 1502.3 1776.6 2016.7 2294.7 2416.2 2489.9 2883.5 51

 Owners’ equity as percentage of

 52 household real estate (11) 67.5 67.5 68.0 67.9 68.2 68.5 69.7 70.1 69.0 69.9 52

(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 33) 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 35.

(11) Line 51 divided by line 4.
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Historical Annuals, 1975-1984, 109

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 2905.4 3217.4 3582.2 4077.2 4716.8 5369.4 6041.2 6386.6 6718.5 7295.4 1

 2 Nonfinancial assets 2131.1 2353.3 2616.8 2977.0 3437.6 3923.0 4401.1 4635.7 4789.9 5092.4 2

 3 Real estate (1) 1170.9 1292.1 1430.7 1620.8 1860.2 2112.6 2397.0 2546.3 2616.9 2755.2 3

 4 Equipment (2) 550.6 608.8 686.5 783.0 906.3 1053.5 1170.9 1239.6 1276.3 1342.0 4

 5 Intellectual property products (2) 102.3 111.8 123.1 137.6 157.4 180.2 206.6 231.4 257.1 286.6 5

 6 Inventories (2) 307.2 340.6 376.5 435.5 513.8 576.7 626.6 618.5 639.6 708.6 6

 7 Financial assets 774.3 864.1 965.4 1100.2 1279.1 1446.3 1640.1 1750.9 1928.7 2203.0 7

 8 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 8

 9 Checkable deposits and currency 58.7 63.4 67.2 73.5 79.6 79.2 58.2 68.6 90.2 103.3 9

 10 Time and savings deposits 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 10

 11 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 11

 12 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 12

 13 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 13

 14 Treasury securities 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 14

 15 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 15

 16 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 16

 17 Mortgages 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 17

 18 Consumer credit 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 18

 19 Trade receivables 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 19

 20 Mutual fund shares (1) 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 20

 21 Miscellaneous assets 353.7 390.6 436.6 495.2 585.8 679.5 809.1 901.5 968.5 1132.1 21

 22 Liabilities 1092.4 1195.8 1343.1 1541.4 1800.6 2023.9 2307.8 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 (3) 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 25

 26 Corporate bonds (4) 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. 136.7 130.9 146.0 168.6 198.6 225.8 258.8 317.9 345.9 405.2 27

 28 Other loans and advances 52.7 63.9 77.6 89.5 105.9 114.2 141.1 145.9 168.6 214.8 28

 29 Mortgages 107.9 114.9 129.2 141.8 144.0 134.3 141.4 127.2 158.3 173.2 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 Net worth (market value) 1812.9 2021.6 2239.1 2535.8 2916.2 3345.5 3733.4 3917.9 4093.7 4351.8 33

 Memo:

 Replacement-cost value of structures:

 34 Residential 23.0 24.6 28.3 31.5 35.8 39.8 42.9 45.3 46.9 48.9 34

 35 Nonresidential 837.0 914.8 1005.9 1137.4 1305.1 1482.0 1693.3 1791.3 1821.2 1920.3 35

 36 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 36

 37 Debt/net worth (percent) (5) 31.3 30.0 30.5 30.0 29.0 27.3 27.7 28.7 30.3 33.3 37

 38 Debt/equities (percent) (6) 75.2 65.4 83.3 88.9 83.4 67.9 84.3 81.1 76.1 93.4 38

 39 Equities/net worth (percent) (7) 41.6 45.9 36.6 33.8 34.8 40.2 32.8 35.4 39.8 35.7 39

 With nonfinancial assets stated at historical cost:

 40 Assets (8) 2028.7 2227.7 2467.6 2784.9 3181.8 3549.7 4001.6 4280.8 4641.7 5182.3 40

 41 Nonfinancial assets 1254.4 1363.5 1502.3 1684.7 1902.7 2103.4 2361.5 2529.9 2713.0 2979.3 41

 42 Real estate 466.5 500.0 538.6 590.1 654.8 730.8 822.6 911.5 983.6 1069.9 42

 43 Equipment 390.5 427.5 480.0 546.8 624.7 699.7 782.2 847.8 909.3 992.2 43

 44 Intellectual property products 80.9 89.0 98.7 109.4 123.5 139.5 160.1 182.6 207.2 237.3 44

 45 Inventories 316.5 346.9 385.0 438.4 499.6 533.3 596.5 587.9 612.8 679.9 45

 46 Net worth (historical cost) (9) 936.3 1031.9 1124.6 1243.5 1381.2 1525.8 1693.8 1812.1 2016.8 2238.7 46

 Memo:

 Historical-cost value of structures:

 47 Residential 11.6 11.9 12.3 13.0 14.0 14.9 15.7 16.2 17.0 18.1 47

 48 Nonresidential 398.4 429.5 464.4 511.3 570.6 639.8 722.0 804.3 869.1 946.2 48

 49 Debt/net worth (percent) (10) 60.6 58.8 60.7 61.2 61.2 59.9 61.0 62.0 61.5 64.8 49

 (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 23 divided by line 33.

 (6) Line 23 divided by line 36

 (7) Line 36 divided by line 33.

 (8) Sum of lines 7 and 41.

 (9) Line 40 less line 22.

 (10) Line 23 divided by line 46.
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110 Historical Annuals, 1975-1984,

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 1481.0 1645.8 1856.4 2153.1 2510.2 2833.2 3062.1 3199.6 3346.7 3475.9 1

 2 Nonfinancial assets 1398.0 1552.5 1745.8 2020.8 2356.7 2666.0 2862.1 2987.8 3106.1 3208.7 2

 3 Real estate (1) 1181.9 1325.8 1496.6 1725.3 2012.3 2291.5 2465.5 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 1211.1 1225.2 1260.3 1230.9 5

 6 Equipment (2) 127.2 138.9 153.6 173.8 201.9 227.4 253.8 265.1 267.9 275.3 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 119.0 129.9 143.6 162.5 189.2 212.9 237.5 247.6 249.3 255.7 8

 9 Intellectual property products (2) 8.8 9.2 9.5 10.4 11.6 13.0 14.6 15.8 17.1 19.0 9

 10 Inventories (2) 80.1 78.7 86.2 111.3 130.9 134.1 128.3 133.6 130.0 137.0 10

 11 Financial assets 83.0 93.2 110.5 132.3 153.5 167.2 200.0 211.7 240.6 267.2 11

 12 Checkable deposits and currency 24.3 26.3 29.0 32.2 35.1 37.9 40.3 44.0 52.5 57.5 12

 13 Time and savings deposits 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 13

 14 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Credit market instruments 7.2 8.1 9.9 12.8 14.7 14.9 23.7 28.2 35.3 44.8 15

 16 Treasury securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 16

 17 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Mortgages 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 18

 19 Consumer credit 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 19

 20 Trade receivables 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 20

 21 Miscellaneous assets 28.8 33.5 39.5 45.8 52.3 57.6 73.3 66.4 68.7 70.5 21

 22 Insurance receivables 17.5 20.7 24.6 29.1 33.3 37.0 40.1 43.3 39.7 50.7 22

 23 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 23

 24 Other 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 24

 25 Liabilities 349.3 384.2 431.6 498.1 590.5 670.8 740.0 833.1 919.6 1049.4 25

 26 Credit market instruments 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.7 749.0 862.6 26

 27 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 27

 28 Other loans and advances 30.0 35.0 41.4 51.9 64.2 74.2 85.3 88.6 92.2 95.8 28

 29 Mortgages 201.0 220.0 248.0 280.4 326.1 376.3 418.5 479.6 545.3 637.5 29

 30 Trade payables 28.4 31.4 35.0 38.6 46.9 52.6 58.6 63.1 63.0 67.8 30

 31 Taxes payable 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 31

 32 Miscellaneous liabilities 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 32

 33 Net worth (5) 1131.7 1261.6 1424.8 1655.0 1919.8 2162.3 2322.2 2366.5 2427.2 2426.5 33

 Memo:

 Replacement-cost value of structures:

 34 Residential 474.3 514.4 590.4 666.5 764.9 855.6 917.8 959.0 989.0 1032.9 34

 35 Nonresidential 192.6 208.0 231.5 262.2 305.9 353.2 410.2 443.3 457.8 491.9 35

 36 Debt/net worth (percent) (6) 25.4 25.1 25.3 25.3 25.6 25.7 26.7 28.6 30.9 35.6 36

(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 25. Included in table B.100, line 31.

(6) Line 26 divided by line 33.
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Historical Annuals, 1975-1984, 111

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) 636.3 658.2 596.7 852.5 1137.3 1274.8 827.4 764.4 870.1 1031.6 1

 2 Net investment 189.5 208.5 234.2 244.9 243.0 299.1 357.3 363.4 402.5 455.8 2

 3 Net physical investment 52.4 79.8 108.0 122.4 112.8 70.7 66.1 53.7 126.3 175.4 3

 4 Capital expenditures 194.4 236.9 284.6 323.4 339.8 325.6 342.4 341.1 421.8 493.0 4

 5 - Consumption of fixed capital 142.0 157.1 176.6 201.0 227.0 254.9 276.3 287.4 295.4 317.6 5

 6 Net lending (+) or net borrowing (-) 137.2 128.8 126.2 122.5 130.2 228.3 291.3 309.7 276.2 280.4 6

 7 Net acquisition of financial assets 199.1 218.9 257.4 283.7 298.9 343.4 395.0 398.7 462.9 500.5 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) 404.7 420.8 330.2 557.2 833.7 886.4 422.1 375.0 399.5 575.2 9

 10 Real estate 129.2 150.4 265.3 291.1 377.0 337.4 345.0 150.5 112.0 466.3 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 110.5 142.7 170.8 245.1 292.8 284.2 150.8 100.9 111.3 57.8 13

 14 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 14

 15 Pension entitlements 13.3 -20.6 -10.7 1.1 7.5 2.1 -8.0 20.4 14.8 58.3 15

 16 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Holding gains on assets

 17 at current cost (2) 33.4 26.4 30.9 48.7 65.3 82.1 54.8 25.9 22.7 15.9 17

 18 Consumer durable goods 31.7 25.1 29.5 46.2 62.2 77.5 50.9 23.5 21.0 14.5 18

 19 Equipment 1.3 0.9 1.0 1.8 2.3 3.5 2.8 1.5 0.9 0.7 19

 20 Intellectual property products 0.4 0.4 0.4 0.6 0.9 1.1 1.1 0.9 0.8 0.7 20

 21 Other volume changes (3) 8.7 2.4 1.4 1.8 -4.8 7.3 -6.8 0.1 45.4 -15.3 21

 Memo:

 22 Net worth outstanding (4) 5776.7 6434.9 7031.7 7884.2 9021.4 10296.3 11123.7 11888.1 12758.1 13789.8 22

 23 Disposable personal income 1219.3 1325.8 1456.7 1630.1 1809.3 2018.0 2250.7 2424.7 2617.4 2903.9 23

(1) Sum of net investment (line 2), holding gains (lines 9 and 17), and other volume changes (line 21).

(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 44.
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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) 23.5 208.7 217.5 296.6 380.4 429.3 388.0 184.5 175.8 258.1 1

 2 Net investment 13.3 50.8 64.3 62.9 51.2 60.7 77.9 17.0 109.6 71.2 2

 3 Net physical investment 37.9 76.5 94.4 130.4 158.7 146.3 164.4 87.9 103.8 191.4 3

 4 Capital expenditures 135.0 180.6 211.2 256.8 291.0 303.0 368.8 334.2 361.0 466.3 4

 5 - Consumption of fixed capital 107.7 118.2 132.5 150.1 172.4 198.8 229.0 253.8 264.6 278.9 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 60.9 103.3 147.3 198.4 259.2 223.3 283.9 160.9 156.2 318.8 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) 90.5 101.2 115.6 156.5 196.3 200.3 221.8 93.3 27.5 79.4 11

 12 Real estate 90.3 101.1 115.6 156.5 196.2 200.1 221.9 93.0 27.3 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) 61.0 89.4 64.5 91.0 126.1 155.3 90.6 17.5 0.5 5.4 14

 15 Equipment 55.6 38.8 45.5 52.7 72.2 106.1 74.7 44.4 13.8 17.7 15

 16 Intellectual property products 5.7 5.5 5.8 8.5 11.3 13.7 13.9 11.1 10.1 8.2 16

 17 Inventories (3) -0.3 2.3 3.0 12.0 24.2 21.5 4.6 3.6 5.6 8.0 17

 18 Direct investment abroad 0.0 60.8 14.2 23.5 26.2 32.5 10.2 -33.6 -30.4 -23.0 18

 19 - 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 19

 20 Other volume changes (4) -141.3 -32.7 -26.8 -13.8 6.8 13.0 -2.3 56.7 38.1 102.1 20

 Memo:

 21 Net worth outstanding (5) 1812.9 2021.6 2239.1 2535.8 2916.2 3345.5 3733.4 3917.9 4093.7 4351.8 21

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 20).

(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 33.
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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) 99.2 129.8 163.2 230.2 264.8 242.6 159.8 44.3 60.7 -0.6 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 -11.5 -13.5 -8.0 -15.0 -28.3 -43.0 8.9 -56.5 -50.4 -58.5 3

 4 Net physical investment 11.5 11.2 22.1 29.7 42.8 22.8 45.5 25.4 7.7 45.2 4

 5 Capital expenditures 45.1 47.5 62.2 75.0 94.7 82.1 112.5 98.5 82.5 122.5 5

 6 - Consumption of fixed capital 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 6

 7 Net lending (+) or net borrowing (-) -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 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 14.2 21.5 39.4 51.5 64.0 36.4 78.3 37.1 36.6 71.8 9

 10 Proprietor’s net investment (2) -11.5 -13.5 -8.0 -15.0 -28.3 -43.0 8.9 -56.5 -50.4 -58.5 10

 11 Holding gains on real estate (3) 97.0 132.5 155.2 205.6 253.9 249.5 136.4 78.1 88.1 50.1 11

 12 Residential 43.4 54.7 87.9 93.1 122.8 137.6 94.1 92.3 72.8 102.1 12

 13 Nonresidential 53.6 77.8 67.3 112.5 131.1 111.9 42.3 -14.2 15.3 -52.0 13

 14 Holding gains on assets at current cost (3) 13.7 10.8 16.1 39.6 39.5 37.3 14.2 22.5 22.7 7.3 14

 15 Residential equipment 0.4 0.3 0.3 0.7 0.6 1.0 1.0 0.7 0.4 -0.0 15

 16 Nonresidential equipment 11.9 11.7 13.1 15.9 22.9 26.9 27.7 20.4 11.9 8.4 16

 17 Intellectual property products 0.4 0.3 0.3 0.5 0.4 0.6 0.5 0.4 0.3 0.3 17

 18 Inventories 1.0 -1.5 2.4 22.6 15.6 8.8 -15.0 1.0 10.2 -1.4 18

 19 Other volume changes (4) -0.0 -0.0 -0.1 -0.0 -0.3 -1.3 0.3 0.2 0.2 0.4 19

 Memo:

 20 Net worth outstanding (5) 1131.7 1261.6 1424.8 1655.0 1919.8 2162.3 2322.2 2366.5 2427.2 2426.5 20

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 19).

(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 33.
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114 Historical Annuals, 1975-1984,

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 6544.8 7295.1 8022.7 9034.8 10341.7 11743.7 12682.1 13520.8 14557.5 15801.0 1

 2 Nonfinancial assets 2288.2 2545.1 2949.9 3411.5 3965.6 4454.9 4921.2 5153.2 5416.1 6072.3 2

 3 Financial assets 4256.6 4749.9 5072.8 5623.2 6376.1 7288.8 7761.0 8367.6 9141.4 9728.7 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 654.4 812.2 705.1 721.8 864.2 1133.3 1023.1 1116.8 1287.8 1229.7 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 69.8 80.5 73.8 81.8 96.1 122.9 117.9 150.4 199.2 221.0 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 (2) 30.2 35.1 34.6 42.1 52.6 69.6 68.2 88.3 109.5 127.4 10

 11 Federal govt. retirement funds (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Mutual funds 30.3 33.2 28.3 28.2 30.7 35.8 32.9 41.9 65.0 69.8 12

 13 Other 2357.0 2573.2 2858.9 3227.0 3639.8 4084.1 4432.8 4697.8 5034.6 5299.2 13

 14 Liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 14

 15 Net worth 5776.7 6434.9 7031.7 7884.2 9021.4 10296.3 11123.7 11888.1 12758.1 13789.8 15

 Memo:

 Equity shares (line 6) as a percent of

 16 Total assets (line 1) 10.0 11.1 8.8 8.0 8.4 9.7 8.1 8.3 8.8 7.8 16

 17 Financial assets (line 3) 15.4 17.1 13.9 12.8 13.6 15.5 13.2 13.3 14.1 12.6 17

(1) Estimates of equity shares (lines 7 through 12) 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.

(2) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 13.
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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 440.9 505.0 566.7 645.4 728.6 798.7 918.0 939.9 1001.1 1113.9 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 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 16.4 16.7 18.7 23.6 31.3 40.6 51.2 60.1 66.2 75.4 7

 8 Current transfer receipts 4.7 5.5 6.5 7.8 8.9 10.3 11.7 14.0 16.0 18.6 8

 9 Current surplus of government enterprises -4.4 -2.7 -3.3 -2.8 -3.2 -5.1 -5.2 -3.8 -2.3 -1.4 9

 10 Current expenditures, NIPA basis 543.5 582.1 630.1 691.8 764.9 879.5 999.7 1109.6 1204.9 1285.4 10

 11 Consumption expenditures 298.5 316.2 342.6 371.8 405.4 454.9 507.4 553.1 594.6 632.0 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 69.2 76.4 84.5 100.1 114.9 133.1 162.7 186.9 206.5 237.0 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 Net saving, NIPA basis -102.5 -77.0 -63.5 -46.4 -36.3 -80.9 -81.7 -169.7 -203.7 -171.4 16

 17 + Consumption of fixed capital 58.7 62.7 67.2 72.9 80.4 91.0 103.1 113.9 121.8 130.8 17

 18 - 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 18

 19 - 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 19

 20 - Net capital transfers (2) -6.2 -7.0 -9.1 -6.9 -7.2 -8.4 -8.9 -9.8 -8.2 -8.3 20

 21 = Gross saving less net capital transfers -40.0 -8.6 11.8 31.8 49.8 17.6 29.7 -47.2 -76.1 -37.2 21

 22 Gross investment -35.5 -7.6 14.5 35.5 56.0 29.3 21.1 -60.3 -76.7 -31.3 22

 23 Fixed investment 84.4 89.6 93.2 105.6 120.1 136.0 147.3 156.9 171.2 193.2 23

 24 Nonproduced nonfinancial assets 1.5 -0.6 0.1 1.1 -0.9 -1.9 -3.3 -1.5 -2.7 -1.4 24

 25 Net lending (+) or net borrowing (-) -121.5 -96.6 -78.8 -71.2 -63.3 -104.8 -123.0 -215.8 -245.2 -223.1 25

 26 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 26

 27 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 27

 28 Checkable deposits and currency 3.2 2.9 0.6 4.4 -1.2 -3.1 -1.1 4.9 -8.9 10.3 28

 29 Time and savings deposits -1.5 2.3 6.8 7.2 -2.1 -2.2 2.1 4.3 -6.7 0.8 29

 30 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Security RPs -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 31

 32 Credit market instruments 19.4 11.7 17.3 33.2 44.7 33.1 40.0 21.5 17.9 29.2 32

 33 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 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 34

 35 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 35

 36 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 36

 37 Mortgages 8.1 1.7 4.7 6.7 13.1 17.3 12.6 7.6 9.1 10.7 37

 38 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 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 39

 40 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

 42 Trade receivables 2.6 2.2 1.6 6.0 6.3 6.5 4.9 6.1 5.3 8.2 42

 43 Taxes receivable -0.3 7.7 0.7 4.1 2.5 -1.8 -13.9 -10.0 8.1 -0.6 43

 44 Miscellaneous assets 0.6 1.0 0.6 0.9 0.9 0.4 1.0 1.6 0.8 2.9 44

 45 Net increase in liabilities 145.2 127.0 106.6 128.0 125.4 148.0 157.2 251.1 281.1 296.9 45

 46 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 46

 47 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 47

 48 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 48

 49 Credit market instruments 95.3 73.2 54.9 71.2 60.4 90.8 96.9 184.1 208.5 225.2 49

 50 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 50

 51 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 51

 52 Budget agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 52

 53 Municipal securities 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 53

 54 Multifamily residential mortgages -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 54

 55 Trade payables 4.5 9.1 7.4 9.1 7.5 8.2 6.9 11.4 12.1 15.0 55

 56 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 56

 57 Miscellaneous liabilities (5) 42.2 43.0 43.3 46.6 54.2 46.0 50.5 53.1 59.1 55.1 57

 58 Discrepancy -4.5 -1.0 -2.7 -3.8 -6.2 -11.7 8.6 13.1 0.6 -5.9 58

 Memo:

 59 Net govt. saving less fixed investment (6) -186.9 -166.7 -156.6 -151.9 -156.4 -216.8 -229.0 -326.7 -374.9 -364.6 59

 60 Adjustment between NIPA and FOF (7) 65.5 70.1 77.8 80.8 93.1 112.0 106.0 110.9 129.7 141.5 60

 61 Items to be financed (8) -121.5 -96.6 -78.8 -71.2 -63.3 -104.8 -123.0 -215.8 -245.2 -223.1 61

(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.
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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 1247.5 1346.2 1449.7 1574.5 1699.8 1831.7 1991.1 2239.0 2498.0 2781.6 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 49.2 59.3 66.7 75.8 83.4 91.6 98.4 109.9 122.0 136.9 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) 547.2 560.8 602.4 645.5 699.6 729.7 783.0 833.1 870.3 912.4 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.
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Historical Annuals, 1975-1984, 117

F.117.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 (1) 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 Claims of pension fund on sponsor (3) -9.1 9.8 1.9 -0.8 -10.7 40.0 17.6 -10.0 43.3 5.0 17

 18 Other ND ND ND ND ND ND ND ND ND ND 18

 19 Net increase in pension entitlements (liabilities) (4) ND ND ND ND ND ND ND ND ND ND 19

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

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

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements.

F.117.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

 18 Net increase in pension entitlements (liabilities) ND ND ND ND ND ND ND ND ND ND 18

(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.226.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 entitlements (table F.226), except for those at life insurance companies. Figures for depositories (lines 2 and 3)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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L.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets (1) ND ND ND ND ND ND ND ND ND 684.5 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 142.8 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 12.9 16

 17 Claims of pension fund on sponsor (3) 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 17

 18 Other ND ND ND ND ND ND ND ND ND 34.1 18

 19 Pension entitlements (liabilities) (4) ND ND ND ND ND ND ND ND ND 706.2 19

(1) Includes claims on sponsor (i.e., unfunded pension entitlements).

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

(3) Unfunded defined benefit pension entitlements. Negative values indicate overfunding.

(4) Actuarial value of accrued defined benefit pension entitlements.

L.117.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

 18 Pension entitlements (liabilities) ND ND ND ND ND ND ND ND ND 287.5 18

(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.226.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 entitlements (table L.226), except for those at life insurance companies. Figures for depositories

 (lines 2 and 3) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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F.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets -8.4 -2.5 -0.9 -0.1 0.1 -0.1 -0.0 0.2 0.1 3.7 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 -4.0 -1.2 -0.6 -0.1 -0.0 -0.1 -0.0 0.1 -0.1 0.4 3

 4 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages -4.0 -1.2 -0.6 -0.1 -0.0 -0.1 -0.0 0.1 -0.1 0.4 5

 6 Home -0.0 -0.0 -0.0 -0.0 -0.0 0.0 0.0 0.0 -0.0 0.0 6

 7 Multifamily residential -1.5 -0.4 -0.2 -0.1 -0.0 -0.0 -0.0 0.0 0.0 0.1 7

 8 Commercial -2.4 -0.8 -0.4 -0.1 -0.0 -0.1 -0.0 0.0 -0.1 0.3 8

 9 Miscellaneous assets -4.4 -1.3 -0.4 0.0 0.1 0.0 -0.0 0.1 0.2 3.3 9

 10 Net increase in liabilities -6.2 -1.6 -1.8 -0.4 -0.2 -0.3 -0.1 0.1 -0.2 2.7 10

 11 Credit market instruments -4.8 -1.4 -1.7 -0.7 -0.3 -0.2 -0.0 0.1 -0.2 2.2 11

 12 Corporate bonds -0.8 -0.1 -0.1 -0.2 -0.0 0.0 0.0 -0.0 0.0 1.7 12

 13 Depository institution loans n.e.c. -4.0 -1.8 -1.4 -0.7 -0.3 -0.1 -0.1 0.0 -0.2 0.0 13

 14 Mortgages -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 14

 15 Multifamily residential -0.0 0.2 -0.1 0.1 -0.0 -0.0 0.0 0.0 0.0 0.1 15

 16 Commercial -0.0 0.3 -0.1 0.1 -0.0 -0.0 0.0 0.1 0.0 0.3 16

 17 Miscellaneous liabilities -1.4 -0.2 -0.1 0.3 0.1 -0.1 -0.0 -0.1 -0.1 0.5 17

F.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars

 1 Net acquisition of financial assets -0.8 -0.2 -0.2 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 0.3 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 -5.1 -1.3 -0.6 -0.2 -0.1 -0.1 -0.0 0.1 -0.1 3.0 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 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 -5.1 -1.3 -0.6 -0.2 -0.1 -0.1 -0.0 0.1 -0.1 0.4 6

 7 Home -0.9 -0.2 -0.1 -0.0 -0.1 -0.0 0.0 -0.0 -0.1 0.0 7

 8 Multifamily residential -2.7 -0.7 -0.3 -0.1 -0.0 -0.1 -0.0 0.1 0.0 0.3 8

 9 Commercial -1.4 -0.5 -0.3 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 0.2 9

 10 Miscellaneous assets 4.3 1.1 0.4 0.1 0.1 0.1 0.0 -0.1 0.0 -2.7 10

 11 Net increase in liabilities -0.8 -0.2 -0.2 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 0.3 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 -0.4 -0.4 -0.2 0.0 0.1 -0.2 0.0 -0.1 -0.1 0.7 13

 14 Open market paper 0.1 -0.3 -0.0 0.1 0.1 -0.2 0.0 -0.1 -0.1 0.2 14

 15 Corporate bonds -0.2 -0.0 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.0 0.5 15

 16 Depository institution loans n.e.c. -0.3 -0.1 -0.1 -0.1 -0.0 -0.0 -0.0 0.0 -0.0 0.0 16

 17 Miscellaneous liabilities -0.4 0.2 -0.1 -0.1 -0.1 0.2 -0.0 0.1 0.1 -0.3 17

 Memo:

 18 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 18

 19 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 19

 20 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
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L.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 6.3 3.8 2.9 2.8 2.8 2.8 2.7 2.9 3.1 6.8 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 3.3 2.2 1.6 1.4 1.4 1.3 1.3 1.3 1.3 1.7 3

 4 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages 3.3 2.2 1.6 1.4 1.4 1.3 1.3 1.3 1.3 1.7 5

 6 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Multifamily residential 0.9 0.5 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.5 7

 8 Commercial 2.4 1.6 1.2 1.1 1.1 1.0 1.0 1.0 0.9 1.2 8

 9 Miscellaneous assets 3.0 1.7 1.3 1.3 1.4 1.5 1.5 1.6 1.8 5.1 9

 10 Total liabilities 7.9 6.3 4.5 4.2 3.9 3.6 3.5 3.6 3.4 6.1 10

 11 Credit market instruments 7.3 5.9 4.2 3.5 3.2 3.0 3.0 3.1 2.9 5.1 11

 12 Corporate bonds 0.9 0.7 0.7 0.5 0.5 0.5 0.5 0.5 0.5 2.2 12

 13 Depository institution loans n.e.c. 4.9 3.2 1.7 1.1 0.8 0.6 0.5 0.5 0.3 0.4 13

 14 Mortgages 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 14

 15 Multifamily residential 0.5 0.7 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.8 15

 16 Commercial 1.0 1.3 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.7 16

 17 Miscellaneous liabilities 0.6 0.4 0.3 0.6 0.7 0.6 0.5 0.5 0.4 1.0 17

L.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars

 1 Total financial assets 1.0 0.8 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.7 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 3.8 2.5 1.8 1.6 1.5 1.4 1.4 1.5 1.4 4.4 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 3.8 2.5 1.8 1.6 1.5 1.4 1.4 1.5 1.4 1.8 6

 7 Home 0.7 0.5 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 7

 8 Multifamily residential 1.7 1.0 0.7 0.6 0.6 0.5 0.5 0.6 0.6 0.9 8

 9 Commercial 1.4 0.9 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.7 9

 10 Miscellaneous assets -2.8 -1.7 -1.2 -1.1 -1.0 -1.0 -0.9 -1.0 -1.0 -3.6 10

 11 Total liabilities 1.0 0.8 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.7 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 1.4 1.0 0.8 0.8 0.9 0.7 0.7 0.6 0.5 1.2 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 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.6 15

 16 Depository institution loans n.e.c. 0.4 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 16

 17 Miscellaneous liabilities -0.5 -0.2 -0.3 -0.3 -0.5 -0.3 -0.3 -0.2 -0.1 -0.5 17

 Memo:

 18 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 18

 19 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 19

 20 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
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S.1.a Total Economy - Current Account

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross value added 1675.7 1857.1 2066.7 2333.4 2587.4 2818.6 3174.3 3338.2 3584.0 4002.1 1

 (income approach)

 2 Less: Consumption of fixed capital 237.5 259.2 288.3 325.1 371.1 426.0 485.0 534.3 560.5 594.3 2

 3 Equals: Net value added 1438.2 1597.9 1778.4 2008.4 2216.2 2392.6 2689.2 2803.9 3023.4 3407.7 3

 4 Compensation of employees (paid) 950.2 1051.3 1169.0 1320.3 1481.1 1626.3 1795.4 1894.5 2014.1 2217.6 4

 5 Wages and salaries 814.9 899.8 994.2 1120.7 1253.4 1373.5 1511.5 1587.7 1677.7 1845.1 5

 6 Employers’ social contributions 135.3 151.5 174.8 199.7 227.7 252.8 283.9 306.8 336.4 372.5 6

 7 Taxes on production and imports less subsidies 130.8 141.3 152.6 162.0 171.6 190.5 224.2 225.9 242.0 268.7 7

 8 Operating surplus, net 357.1 405.4 456.8 526.1 563.6 575.7 669.6 683.5 767.4 921.4 8

 9 Plus: Income receipts from the rest of the world 28.0 32.4 37.2 46.3 68.3 79.1 92.0 101.0 101.9 121.9 9

10 Less: Income payments to the rest of the world 15.0 15.5 16.9 24.7 36.4 44.9 59.1 64.5 64.8 85.6 10

11 Equals: Net national income/Balance of primary incomes, net 1451.2 1614.8 1798.7 2029.9 2248.2 2426.8 2722.1 2840.4 3060.5 3444.0 11

12 Operating surplus, net 357.1 405.4 456.8 526.1 563.6 575.7 669.6 683.5 767.4 921.4 12

13 Compensation of employees (received) 950.2 1051.2 1169.0 1320.2 1481.0 1626.2 1795.3 1894.3 2013.9 2217.4 13

14 Wages and salaries 814.8 899.7 994.2 1120.6 1253.3 1373.4 1511.4 1587.5 1677.5 1844.9 14

15 Employers’ social contributions 135.3 151.5 174.8 199.7 227.7 252.8 283.9 306.8 336.4 372.5 15

16 Taxes on production and imports, receivable 135.3 146.4 159.7 170.9 180.1 200.3 235.6 240.9 263.3 289.8 16

17 Subsidies paid -4.5 -5.1 -7.1 -8.9 -8.5 -9.8 -11.5 -15.0 -21.3 -21.1 17

18 Property income (received) 591.2 633.5 709.7 824.8 973.8 1140.1 1386.9 1553.5 1651.4 1845.5 18

19 Interest 398.3 415.3 465.8 546.1 654.1 812.7 1039.7 1205.1 1271.6 1408.4 19

20 Distributed income of corporations 181.3 206.5 231.7 261.6 293.1 298.9 322.1 327.1 349.6 400.8 20

21 Dividends 54.5 67.0 78.2 86.0 103.0 113.5 123.3 132.6 138.1 144.4 21

22 Withdrawals from income of quasi-corporations 126.8 139.5 153.5 175.6 190.1 185.3 198.8 194.4 211.6 256.4 22

23 Reinvested earnings on U.S. direct investment abroad 9.3 9.3 9.6 14.3 22.7 22.4 17.3 12.8 21.6 26.5 23

24 Rents on land and natural resources 2.3 2.4 2.5 2.8 4.0 6.2 7.7 8.6 8.6 9.9 24

25 Less: Uses of property income (paid) 578.1 616.6 689.3 803.1 941.8 1105.8 1353.8 1516.8 1614.2 1809.0 25

26 Interest 399.9 415.0 464.6 547.3 656.7 813.9 1036.3 1200.9 1269.4 1408.5 26

27 Distributed income of corporations 174.7 197.5 220.6 250.4 277.0 282.1 306.6 310.7 337.5 388.5 27

28 Dividends 47.9 58.0 67.1 74.8 86.9 96.8 107.9 116.3 125.9 132.1 28

29 Withdrawals from income of quasi-corporations 126.8 139.5 153.5 175.6 190.1 185.3 198.8 194.4 211.6 256.4 29

30 Reinvested earnings on foreign direct investment 1.2 1.7 1.6 2.6 4.1 3.6 3.1 -3.4 -1.3 2.2 30

31 Rents on land and natural resources 2.3 2.4 2.5 2.8 4.0 6.2 7.7 8.6 8.6 9.9 31

32 Net national income/Balance of primary incomes, net 1451.2 1614.8 1798.7 2029.9 2248.2 2426.8 2722.1 2840.4 3060.5 3444.0 32

33 Plus: Current taxes on income, wealth, etc. (received) 199.0 237.2 271.3 313.9 357.8 385.2 427.8 418.6 430.8 472.8 33

34 Less: Current taxes on income, wealth, etc. (paid) 199.3 237.6 272.0 314.3 358.7 386.0 429.5 420.6 433.0 474.9 34

35 Plus: Social benefits (received) 253.0 279.3 303.0 335.3 380.8 438.0 504.1 552.5 597.2 639.2 35

36 Less: Social contributions (paid) 254.4 281.1 304.8 337.2 382.9 440.6 507.2 555.4 599.5 641.5 36

37 Plus: Other current transfers (received) 55.2 61.2 66.3 77.7 81.1 88.6 92.3 92.6 97.8 110.7 37

38 Less: Other current transfers (paid) 62.6 67.1 71.9 84.3 88.6 97.9 104.5 107.5 113.7 129.8 38

39 Equals: Disposable income, net 1442.0 1606.6 1790.5 2021.1 2237.6 2414.1 2705.1 2820.6 3040.0 3420.4 39

40 Less: Final consumption expenditures 1331.3 1466.4 1619.3 1798.0 1994.9 2209.5 2444.9 2627.0 2881.1 3130.1 40

41 Equals: Net saving 110.7 140.3 171.3 223.1 242.7 204.6 260.2 193.6 158.9 290.2 41

 Addendum:

42 Gross value added (line 1) 1675.7 1857.1 2066.7 2333.4 2587.4 2818.6 3174.3 3338.2 3584.0 4002.1 42

43 Plus statistical discrepancy (NIPA) 13.2 20.5 19.3 23.1 44.8 43.9 36.7 6.8 54.1 38.6 43

44 Equals: GDP (NIPA, expenditure approach) 1688.9 1877.6 2086.0 2356.6 2632.1 2862.5 3210.9 3345.0 3638.1 4040.7 44
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross value added 1675.7 1857.1 2066.7 2333.4 2587.4 2818.6 3174.3 3338.2 3584.0 4002.1 1

 2 Households and nonprofit institutions serving households 153.0 166.4 181.5 204.5 228.9 260.6 293.9 325.6 355.8 387.7 2

 3 Nonfinancial noncorporate business 274.7 299.5 324.5 364.7 406.9 429.1 468.7 480.0 503.4 584.4 3

 4 Nonfinancial corporate business 898.3 1014.8 1147.5 1304.1 1450.4 1574.2 1788.4 1854.3 1985.5 2225.5 4

 5 Financial business 75.4 81.7 96.9 115.1 126.2 140.6 164.5 179.4 206.1 230.5 5

 6 Federal government 120.4 129.7 137.7 149.3 160.1 176.4 199.3 217.4 231.1 248.8 6

 7 State and local government 153.9 165.0 178.7 195.7 214.8 237.6 259.5 281.6 302.1 325.1 7

 8 Net saving 110.7 140.3 171.3 223.1 242.7 204.6 260.2 193.6 158.9 290.2 8

 9 Households and nonprofit institutions serving households 159.0 147.3 148.2 166.6 177.5 213.2 252.5 277.7 247.0 312.1 9

10 Nonfinancial corporate business 45.5 59.1 71.4 83.4 83.6 60.8 85.1 85.4 106.7 148.2 10

11 Financial business 8.7 11.0 15.2 19.5 17.9 11.5 4.3 0.2 8.9 1.4 11

12 Federal government -97.0 -79.9 -71.9 -59.8 -44.5 -86.3 -85.8 -164.6 -205.0 -192.3 12

13 State and local government -5.6 2.8 8.4 13.4 8.2 5.4 4.1 -5.1 1.3 20.9 13

 Net capital transfers

14 Households and nonprofit institutions serving households 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 14

15 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Nonfinancial corporate business -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 16

17 Financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Federal government 4.8 5.0 4.0 6.8 9.0 10.2 8.8 7.2 9.8 11.8 18

19 State and local government -11.0 -12.0 -13.1 -13.7 -16.2 -18.6 -17.8 -16.9 -18.0 -20.1 19

20 Rest of the world -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 20

21 Gross fixed capital formation 347.9 395.8 467.4 558.1 641.8 672.4 748.8 752.9 814.4 947.9 21

22 Households and nonprofit institutions serving households 64.2 83.0 108.7 126.5 130.4 116.9 117.4 110.3 152.7 178.4 22

23 Nonfinancial noncorporate business 42.4 47.4 57.1 72.5 90.7 87.8 103.3 94.2 96.2 114.2 23

24 Nonfinancial corporate business 144.0 161.7 192.9 233.3 274.6 300.1 343.1 350.1 348.3 405.6 24

25 Financial business (nonresidential) 12.9 14.1 15.6 20.3 26.0 31.7 37.6 41.4 46.1 56.5 25

26 Federal government 39.8 44.7 49.2 54.7 61.7 70.3 80.4 90.0 102.3 115.6 26

27 State and local government 44.6 44.9 44.0 50.8 58.4 65.7 66.9 67.0 68.8 77.6 27

28 Consumption of fixed capital 237.5 259.2 288.3 325.1 371.1 426.0 485.0 534.3 560.5 594.3 28

29 Households and nonprofit institutions serving households 30.9 34.3 39.6 46.6 54.4 62.2 68.5 72.9 76.0 80.9 29

30 Nonfinancial noncorporate business 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 30

31 Nonfinancial corporate business 107.7 118.3 132.6 150.2 172.4 198.9 229.1 253.9 264.6 279.0 31

32 Financial business (nonresidential) 6.6 7.6 8.8 10.1 12.1 14.6 17.4 20.5 23.3 26.4 32

33 Federal government 37.8 40.6 43.7 47.5 51.8 57.9 65.3 72.7 79.0 86.4 33

34 State and local government 21.0 22.1 23.5 25.5 28.6 33.1 37.8 41.3 42.8 44.4 34

35 Change in inventories -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 35

36 Nonfinancial noncorporate business 2.7 0.1 5.1 2.5 4.0 -5.7 9.2 4.3 -13.7 8.3 36

37 Nonfinancial corporate business -8.9 17.0 17.2 23.3 13.9 -0.6 20.6 -19.2 8.0 57.1 37

38 Net lending (+) or net borrowing (-) (capital account) 6.6 -13.4 -30.2 -35.9 -46.1 -35.6 -33.5 -10.2 -89.3 -128.8 38

39 Households and nonprofit institutions serving households 120.8 92.8 71.0 80.8 95.5 151.4 196.1 232.1 164.0 208.4 39

40 Nonfinancial noncorporate business -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 40

41 Nonfinancial corporate business 18.5 -3.1 -7.1 -23.0 -34.7 -43.1 -54.5 5.3 10.4 -39.2 41

42 Financial business 2.4 4.5 8.5 9.3 3.9 -5.6 -15.9 -20.7 -13.8 -28.7 42

43 Federal government -103.4 -86.6 -80.0 -73.2 -60.7 -104.8 -104.3 -185.4 -233.2 -229.4 43

44 State and local government -20.1 -9.7 -0.5 0.0 -7.3 -10.8 -9.4 -16.1 -9.0 5.3 44

 Addendum:

45 Statistical discrepancy (NIPA) 13.2 20.5 19.3 23.1 44.8 43.9 36.7 6.8 54.1 38.6 45

46 Rest of the world -19.8 -7.0 11.0 12.7 1.3 -8.4 -3.2 3.4 35.2 90.2 46

47 Net lending (+) or net borrowing (-) (financial account) -34.2 -12.4 -0.5 -35.1 -65.8 12.7 46.0 -11.1 17.9 -47.2 47

48 Households and nonprofit institutions serving households 137.2 128.8 126.2 122.5 130.2 228.3 291.3 309.7 276.2 280.4 48

49 Nonfinancial noncorporate business -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 49

50 Nonfinancial corporate business -34.4 -36.2 -32.9 -67.4 -99.6 -96.0 -73.0 -72.8 -14.3 -41.2 50

51 Financial business -3.9 2.8 7.1 10.7 9.7 7.9 -3.7 -6.8 8.8 -18.0 51

52 Federal government -104.4 -88.5 -86.9 -75.1 -61.0 -100.1 -116.4 -195.5 -230.9 -237.1 52

53 State and local government -17.1 -8.1 8.1 3.9 -2.3 -4.7 -6.6 -20.3 -14.3 14.0 53

 Addendum:

54 Rest of the world -22.8 -13.4 18.0 5.1 -25.4 -24.9 -28.5 -32.8 21.0 75.7 54

 Total other volume changes

55 Households and nonprofit institutions serving households 45.7 70.9 96.7 87.3 68.2 102.0 107.3 95.9 209.2 136.8 55

56 Nonfinancial noncorporate business -11.5 -13.5 -8.1 -15.0 -28.6 -44.3 9.2 -56.3 -50.2 -58.1 56

57 Nonfinancial corporate business -183.7 -51.7 -36.8 -34.5 -18.0 2.4 3.8 -13.8 20.9 104.0 57

58 Financial business -22.6 -31.5 8.9 -15.2 -2.5 -28.3 27.6 -42.2 -36.9 113.1 58

59 Federal government -5.2 0.1 -3.7 0.1 6.5 10.2 -2.6 4.3 6.9 12.0 59

60 State and local government 6.0 27.4 8.9 5.3 3.7 21.1 -4.2 -4.3 11.3 11.2 60

61 Rest of the world -2.7 -33.1 6.5 -5.5 -27.5 -10.5 -28.9 -33.7 21.0 -15.4 61

 Holding gains/losses

62 Households and nonprofit institutions serving households 438.0 447.2 361.1 605.9 899.1 968.5 476.9 400.9 422.2 591.1 62

63 Nonfinancial noncorporate business 110.7 143.3 171.3 245.2 293.4 286.8 150.6 100.6 110.9 57.4 63

64 Nonfinancial corporate business -35.9 28.6 291.0 210.3 156.2 34.2 419.8 -48.1 -195.9 82.8 64

65 Financial business 21.0 25.8 5.7 24.4 12.2 53.4 -28.3 31.0 37.9 -46.2 65

66 Federal government 30.3 39.3 31.4 45.8 70.4 77.8 60.4 40.8 33.3 28.2 66

67 State and local government 18.0 18.4 46.1 78.0 140.2 176.2 134.6 67.3 -2.4 28.7 67

68 Rest of the world 5.3 -29.9 -15.5 -26.0 -11.4 -5.4 2.0 54.3 -47.4 41.5 68
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Change in net worth

69 Households and nonprofit institutions serving households 636.3 658.2 596.7 852.5 1137.3 1274.8 827.4 764.4 870.1 1031.6 69

70 Nonfinancial noncorporate business 99.2 129.8 163.2 230.2 264.8 242.6 159.8 44.3 60.7 -0.6 70

71 Nonfinancial corporate business -173.8 36.2 325.7 259.5 222.0 97.6 508.9 23.7 -68.2 335.0 71

72 Financial business 7.2 5.2 29.9 28.7 27.5 36.7 3.6 -11.0 10.0 68.3 72

73 Federal government -76.8 -45.5 -48.2 -20.7 23.3 -8.5 -36.9 -126.7 -174.6 -164.0 73

74 State and local government 29.4 60.6 76.5 110.4 168.3 221.2 152.3 74.9 28.1 80.9 74

75 Rest of the world -17.2 -70.1 1.9 -18.8 -37.6 -24.3 -30.2 24.0 8.8 116.4 75
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Current account

 1 Gross value added 153.0 166.4 181.5 204.5 228.9 260.6 293.9 325.6 355.8 387.7 1

 2 Less: Consumption of fixed capital 30.9 34.3 39.6 46.6 54.4 62.2 68.5 72.9 76.0 80.9 2

 3 Equals: Net value added 122.1 132.1 141.9 157.9 174.5 198.5 225.5 252.7 279.8 306.8 3

 4 Compensation paid by households and NPISHs 52.0 57.1 62.4 69.5 76.9 86.5 96.8 107.3 118.1 129.9 4

 5 Wages and salaries 47.0 51.5 55.9 62.6 69.2 77.8 86.9 96.3 104.7 113.9 5

 6 Employers’ social contributions 4.9 5.6 6.4 6.9 7.8 8.7 9.9 11.0 13.4 16.1 6

 7 Taxes on production and imports less subsidies 22.9 25.3 27.8 28.4 29.2 31.8 35.1 38.4 40.9 44.0 7

 8 Operating surplus, net 47.2 49.7 51.7 60.0 68.4 80.1 93.5 107.0 120.7 132.9 8

 9 Net national income/Balance of primary incomes, net 1262.3 1391.7 1546.5 1749.7 1959.1 2160.0 2424.2 2573.6 2743.1 3061.9 9

10 Operating surplus, net 47.2 49.7 51.7 60.0 68.4 80.1 93.5 107.0 120.7 132.9 10

11 Compensation of employees (received) 950.2 1051.2 1169.0 1320.2 1481.0 1626.2 1795.3 1894.3 2013.9 2217.4 11

12 Wages and salaries 814.8 899.7 994.2 1120.6 1253.3 1373.4 1511.4 1587.5 1677.5 1844.9 12

13 Employers’ social contributions 135.3 151.5 174.8 199.7 227.7 252.8 283.9 306.8 336.4 372.5 13

14 Property income (received) 322.2 352.3 397.1 453.8 508.7 571.6 671.9 736.0 796.2 921.9 14

15 Interest 162.5 173.8 198.9 227.5 261.1 322.3 399.5 464.0 501.3 574.8 15

16 Distributed income of corporations 159.7 178.5 198.2 226.3 247.5 249.3 272.4 272.0 294.8 347.0 16

17 Dividends 32.9 39.0 44.7 50.7 57.4 64.0 73.6 77.6 83.3 90.6 17

18 Withdrawals from income of quasi-corporations (1) 126.8 139.5 153.5 175.6 190.1 185.3 198.8 194.4 211.6 256.4 18

19 Less: Uses of property income (interest paid) 57.3 61.6 71.3 84.3 98.9 118.0 136.5 163.7 187.7 210.2 19

20 Net national income/Balance of primary incomes, net 1262.3 1391.7 1546.5 1749.7 1959.1 2160.0 2424.2 2573.6 2743.1 3061.9 20

21 Less: Current taxes on income, wealth, etc. (paid) 147.6 172.3 197.5 229.4 268.7 298.9 345.2 354.1 352.3 377.4 21

22 Plus: Social benefits (received) 163.1 177.3 189.1 203.2 227.1 270.8 307.2 342.4 369.9 380.4 22

23 Less: Social contributions (paid) 89.3 101.3 113.1 131.3 152.7 166.2 195.7 208.9 226.0 257.5 23

24 Plus: Other current transfers (received) 6.8 6.7 5.1 6.5 8.2 8.6 11.2 12.4 13.8 19.7 24

25 Less: Other current transfers (paid) 3.6 4.5 5.3 5.9 6.0 6.6 11.7 13.8 15.0 16.9 25

26 Equals: Disposable income, net 1191.8 1297.5 1424.8 1592.7 1767.0 1967.8 2190.0 2351.6 2533.5 2810.3 26

27 Less: Final consumption expenditures 1032.8 1150.2 1276.7 1426.2 1589.5 1754.6 1937.5 2073.9 2286.5 2498.2 27

28 Equals: Net saving 159.0 147.3 148.2 166.6 177.5 213.2 252.5 277.7 247.0 312.1 28

 Capital account

29 Net saving less capital transfers 152.6 140.1 138.9 159.4 170.0 204.4 243.2 267.6 238.7 303.7 29

30 Net saving 159.0 147.3 148.2 166.6 177.5 213.2 252.5 277.7 247.0 312.1 30

31 Less: Capital transfers paid (net) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 31

32 Capital formation, net 31.8 47.3 67.9 78.6 74.5 53.0 47.1 35.5 74.7 95.3 32

33 Gross fixed capital formation, excluding consumer durables 64.2 83.0 108.7 126.5 130.4 116.9 117.4 110.3 152.7 178.4 33

34 Residential 53.1 70.9 94.5 110.9 113.6 99.0 97.5 86.8 127.2 150.9 34

35 Nonresidential (nonprofit organizations) 11.0 12.1 14.2 15.6 16.7 17.9 19.8 23.4 25.5 27.5 35

36 Less: Consumption of fixed capital 30.9 34.3 39.6 46.6 54.4 62.2 68.5 72.9 76.0 80.9 36

37 Acquisition of nonproduced nonfinancial assets -1.5 -1.3 -1.2 -1.3 -1.5 -1.7 -1.8 -1.9 -2.0 -2.2 37

38 Net lending (+) or borrowing (-), capital account (lines 29-32) 120.8 92.8 71.0 80.8 95.5 151.4 196.1 232.1 164.0 208.4 38

 Financial account

39 Net lending (+) or borrowing (-), capital account (line 38) 120.8 92.8 71.0 80.8 95.5 151.4 196.1 232.1 164.0 208.4 39

40 Net acquisition of financial assets 199.1 218.9 257.4 283.7 298.9 343.4 395.0 398.7 462.9 500.5 40

41 Currency and deposits 82.4 109.1 117.9 111.8 89.1 135.0 116.4 155.1 192.1 233.0 41

42 Currency and transferable deposits 1.3 10.5 15.0 16.5 20.0 13.1 46.3 19.5 9.7 13.4 42

43 Time and savings deposits 81.1 98.6 102.9 95.3 69.1 121.9 70.1 135.6 182.1 219.6 43

44 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 44

45 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Debt securities 15.6 5.3 23.4 40.0 71.5 12.7 11.9 60.1 87.0 126.3 46

47 Open market paper -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 47

48 U.S. savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 48

49 Treasury securities 15.7 -13.3 -2.1 0.4 47.6 24.5 -0.9 18.6 39.6 53.4 49

50 Agency- and GSE-backed securities (2) -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 50

51 Municipal securities 5.8 6.1 6.0 26.9 19.3 6.5 29.6 40.6 45.6 43.1 51

52 Corporate and foreign bonds 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 52

53 Loans 8.0 2.6 2.5 10.4 11.2 12.3 13.6 20.4 2.7 1.8 53

54 Short term 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 54

55 Long term (mortgages) 7.4 1.7 2.5 7.6 9.3 6.5 15.1 17.3 0.0 0.8 55
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56 Equity and investment fund shares -14.7 -12.0 -14.3 -19.5 -21.3 -30.6 60.3 -53.4 -93.0 -68.8 56

57 Corporate equities -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 57

58 Mutual fund shares -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 58

59 Money market fund shares 1.3 -0.3 -0.2 5.7 30.5 24.9 90.2 32.1 -36.8 43.0 59

60 Equity in noncorporate business -10.9 -13.0 -7.8 -14.6 -27.2 -42.4 9.0 -56.0 -50.1 -58.5 60

61 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 61

62 Insurance, pension and standardized guarantee schemes 107.8 113.9 127.9 141.0 148.5 214.1 192.9 216.6 274.0 208.2 62

63 Insurance receivables due from property-casualty insurance companies 2.1 3.6 4.2 3.9 4.8 5.1 4.7 4.8 12.3 -1.4 63

64 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 64

65 Pension entitlements (4) 93.6 98.8 110.5 122.3 129.8 196.6 175.3 200.1 248.8 199.3 65

66 Non-life insurance reserves at life insurance companies 1.9 2.3 3.2 3.2 3.0 2.1 3.3 3.9 4.1 4.2 66

67 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 67

68 Net incurrence of liabilities 62.0 90.2 131.3 161.2 168.7 115.0 103.8 89.0 186.7 220.2 68

69 Debt securities (municipals) 1.4 2.0 3.4 2.6 2.9 3.1 4.4 8.5 11.4 10.2 69

70 Loans 59.4 87.4 126.6 156.8 163.7 109.5 96.6 78.9 172.3 207.8 70

71 Short term 19.2 29.2 39.9 50.2 46.7 18.6 28.8 29.6 59.7 73.6 71

72 Consumer credit 7.8 22.0 35.8 46.4 43.3 3.4 19.8 18.8 48.2 81.7 72

73 Depository institution loans n.e.c. 8.3 1.5 -0.2 -2.2 -2.7 0.2 1.8 2.1 1.2 -6.7 73

74 Other loans and advances 2.2 1.8 2.2 3.4 5.8 7.7 8.9 5.9 2.0 1.0 74

75 Security credit 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 75

76 Long term (mortgages) 40.3 58.2 86.7 106.6 116.9 90.9 67.8 49.3 112.6 134.2 76

77 Insurance, pension and standardized guarantee schemes 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 77

78 Other accounts payable (trade debt) 0.5 0.2 0.4 0.8 0.7 1.2 1.0 0.8 2.4 3.1 78

 Addendum:

79 Net lending (+) or borrowing (-), financial account (lines 40-68) 137.2 128.8 126.2 122.5 130.2 228.3 291.3 309.7 276.2 280.4 79

 Other changes in volume account

80 Total other volume changes 45.7 70.9 96.7 87.3 68.2 102.0 107.3 95.9 209.2 136.8 80

81 Net investment in consumer durable goods 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 81

82 Disaster losses 0.0 0.1 0.1 0.0 0.3 0.1 0.0 0.3 0.5 0.0 82

83 Other volume changes 8.7 2.4 1.4 1.8 -5.1 7.2 -6.8 -0.2 45.0 -15.3 83

84 Less: Statistical discrepancy (lines 38-[40-68]) (5) -16.4 -36.0 -55.2 -41.7 -34.7 -76.9 -95.2 -77.6 -112.2 -72.0 84

 Revaluation account

85 Nonfinancial assets 162.6 176.7 296.2 339.7 442.3 419.4 399.7 176.4 134.7 482.1 85

86 Real estate 129.2 150.4 265.3 291.1 377.0 337.4 345.0 150.5 112.0 466.3 86

87 Consumer durable goods 31.7 25.1 29.5 46.2 62.2 77.5 50.9 23.5 21.0 14.5 87

88 Equipment 1.3 0.9 1.0 1.8 2.3 3.5 2.8 1.5 0.9 0.7 88

89 Intellectual property products 0.4 0.4 0.4 0.6 0.9 1.1 1.1 0.9 0.8 0.7 89

90 Financial assets 275.4 270.5 64.9 266.1 456.8 549.0 77.1 224.5 287.4 109.0 90

91 Corporate equities 144.1 142.8 -94.1 19.0 150.5 254.9 -61.8 94.2 151.1 -7.9 91

92 Mutual fund shares 7.6 5.6 -1.0 1.0 5.9 7.9 -3.9 9.0 10.2 0.8 92

93 Equity in noncorporate business 110.5 142.7 170.8 245.1 292.8 284.2 150.8 100.9 111.3 57.8 93

94 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 94

95 Insurance, pension and standardized guarantee schemes 13.3 -20.6 -10.7 1.1 7.5 2.1 -8.0 20.4 14.8 58.3 95

96 Changes in net worth due to nominal holding gains/losses 438.0 447.2 361.1 605.9 899.1 968.5 476.9 400.9 422.2 591.1 96

 Changes in balance sheet account

97 Change in net worth (lines 32+38+80+96) 636.3 658.2 596.7 852.5 1137.3 1274.8 827.4 764.4 870.1 1031.6 97

 Balance sheet account (end of period)

98 Total assets 6544.8 7295.1 8022.7 9034.8 10341.7 11743.7 12682.1 13520.8 14557.5 15801.0 98

99 Nonfinancial assets 2288.2 2545.1 2949.9 3411.5 3965.6 4454.9 4921.2 5153.2 5416.1 6072.3 99

100 Real estate 1684.2 1880.0 2211.5 2578.3 3026.5 3414.0 3804.4 3990.4 4176.7 4734.2 100

101 Consumer durable goods 578.0 635.5 705.1 795.1 895.7 990.9 1060.8 1102.4 1175.0 1269.6 101

102 Equipment 19.3 22.0 24.6 28.1 31.7 36.4 40.3 42.9 45.5 48.3 102

103 Intellectual property products 6.8 7.6 8.6 10.0 11.8 13.6 15.7 17.5 18.9 20.2 103
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

104 Financial assets 4256.6 4749.9 5072.8 5623.2 6376.1 7288.8 7761.0 8367.6 9141.4 9728.7 104

105 Currency and deposits 920.8 1030.0 1147.2 1259.0 1346.6 1486.1 1603.9 1754.1 1965.2 2198.2 105

106 Currency and transferable deposits 158.7 169.2 184.2 200.7 220.5 238.1 284.4 303.9 313.6 327.0 106

107 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 107

108 Time and savings deposits 762.2 860.8 963.0 1058.3 1126.1 1248.0 1319.5 1447.8 1644.7 1864.2 108

109 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 109

110 Debt securities 270.3 278.5 303.1 344.3 414.6 433.8 445.2 501.3 592.7 706.2 110

111 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 111

112 U.S. savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 112

113 Treasury securities 44.4 30.7 27.8 29.6 76.0 101.3 100.6 116.8 159.2 203.2 113

114 Agency- and GSE-backed securities (2) 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 114

115 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.6 290.4 115

116 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 116

117 Loans 54.9 58.5 61.1 70.9 81.9 103.5 116.1 128.7 131.7 124.1 117

118 Short term 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 118

119 Long term (mortgages) 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 119

120 Equity and investment fund shares 1760.9 2040.0 2101.3 2346.9 2774.8 3291.1 3436.5 3587.2 3766.8 3748.7 120

121 Corporate equities 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 121

122 Mutual fund shares 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 122

123 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 186.7 149.9 193.0 123

124 Equity in noncorporate business 1133.9 1263.5 1426.5 1656.9 1922.5 2164.3 2324.1 2369.0 2430.2 2429.6 124

125 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 125

126 Insurance, pension and standardized guarantee schemes 1249.7 1343.0 1460.2 1602.2 1758.3 1974.4 2159.3 2396.2 2685.1 2951.6 126

127 Insurance receivables due from property-casualty insurance companies 20.5 24.1 28.3 32.2 37.0 42.1 46.8 51.6 63.9 62.5 127

128 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 128

129 Pension entitlements (4) 1037.1 1115.3 1215.0 1338.4 1475.7 1674.4 1841.7 2062.2 2325.8 2583.4 129

130 Non-life insurance reserves at life insurance companies 23.4 25.8 29.0 32.2 35.2 37.3 40.6 44.5 48.6 52.8 130

131 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 131

132 Total liabilities and net worth 6544.8 7295.1 8022.7 9034.8 10341.7 11743.7 12682.1 13520.8 14557.5 15801.0 132

133 Liabilities 768.1 860.1 991.0 1150.6 1320.3 1447.4 1558.5 1632.7 1799.4 2011.3 133

134 Debt securities (municipals) 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 134

135 Loans 747.1 836.4 962.6 1117.7 1282.4 1404.0 1507.9 1572.0 1724.3 1923.8 135

136 Short term 273.1 303.8 343.3 391.9 438.1 459.3 490.6 519.9 579.6 645.6 136

137 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 137

138 Depository institution loans n.e.c. 26.3 28.9 28.7 24.9 21.6 24.4 28.7 30.6 31.8 17.4 138

139 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 139

140 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 140

141 Long term (mortgages) 474.0 532.6 619.3 725.7 844.3 944.7 1017.3 1052.1 1144.7 1278.2 141

142 Insurance, pension and standardized guarantee schemes 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 142

143 Other accounts payable (trade debt) 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 143

144 Net worth 5776.7 6434.9 7031.7 7884.2 9021.4 10296.3 11123.7 11888.1 12758.1 13789.8 144

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).

(4) Includes variable annuities, including those in IRAs, at life insurance companies.

(5) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

NPISHs Nonprofit institutions serving households

n.e.c. Not elsewhere classified
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S.4.a Nonfinancial Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Current account

 1 Gross value added 274.7 299.5 324.5 364.7 406.9 429.1 468.7 480.0 503.4 584.4 1

 2 Less: Consumption of fixed capital 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 2

 3 Equals: Net value added 241.1 263.2 284.3 319.5 355.1 369.8 401.7 406.9 428.6 507.1 3

 4 Compensation of employees (paid) 67.1 72.8 78.7 87.1 96.6 103.3 110.4 116.2 121.3 133.6 4

 5 Wages and salaries 60.2 64.8 69.7 78.1 86.6 92.8 99.2 104.6 108.5 118.8 5

 6 Employers’ social contributions 7.0 8.0 9.0 9.0 10.0 10.5 11.1 11.7 12.8 14.9 6

 7 Taxes on production and imports less subsidies 22.7 23.9 23.8 24.0 26.6 29.3 33.2 25.5 22.7 28.1 7

 8 Operating surplus, net 151.2 166.5 181.8 208.4 231.9 237.1 258.2 265.1 284.6 345.5 8

 9 Net national income/Balance of primary incomes, net 1.0 1.4 1.6 1.9 1.9 2.2 2.4 2.6 2.2 2.3 9

10 Operating surplus, net 151.2 166.5 181.8 208.4 231.9 237.1 258.2 265.1 284.6 345.5 10

11 Property income (interest received) 2.9 2.2 2.3 2.7 3.0 3.3 3.7 8.1 9.9 8.3 11

12 Less: Uses of property income (paid) 153.1 167.4 182.5 209.2 233.0 238.2 259.5 270.6 292.2 351.4 12

13 Interest 29.9 31.7 35.1 39.8 47.9 57.8 69.1 81.6 88.5 104.2 13

14 Withdrawals from income of quasi-corporations (1) 123.2 135.6 147.4 169.4 185.0 180.3 190.3 189.1 203.8 247.2 14

15 Reinvested earnings on foreign direct investment 0.0 0.0 0.0 0.0 0.1 0.1 0.1 -0.1 -0.0 0.1 15

16 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net national income/Balance of primary incomes, net 1.0 1.4 1.6 1.9 1.9 2.2 2.4 2.6 2.2 2.3 17

18 Less: Other current transfers (paid) 1.0 1.4 1.6 1.9 1.9 2.2 2.4 2.6 2.2 2.3 18

19 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Capital account

21 Net saving less capital transfers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital formation, net 11.5 11.2 22.1 29.7 42.8 22.8 45.5 25.4 7.7 45.2 24

25 Gross fixed capital formation 42.4 47.4 57.1 72.5 90.7 87.8 103.3 94.2 96.2 114.2 25

26 Nonresidential 29.4 32.2 37.2 46.4 57.8 58.5 73.6 71.2 63.8 76.4 26

27 Residential 13.0 15.2 19.9 26.0 32.8 29.3 29.7 23.0 32.5 37.7 27

28 Less: Consumption of fixed capital 33.6 36.3 40.1 45.2 51.9 59.3 67.0 73.1 74.8 77.3 28

29 Change in private inventories 2.7 0.1 5.1 2.5 4.0 -5.7 9.2 4.3 -13.7 8.3 29

30 Net lending (+) or borrowing (-), capital account (lines 21-24) -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 30

 Financial account

31 Net lending (+) or borrowing (-) (line 30) -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 31

32 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 32

33 Currency and deposits 0.9 3.3 5.3 6.7 8.6 5.8 3.8 6.1 12.1 8.4 33

34 Currency and transferable deposits 0.6 1.9 2.7 3.3 2.9 2.8 2.3 3.7 8.5 5.0 34

35 Time and savings deposits 0.3 1.4 2.6 3.4 5.7 3.0 1.5 2.4 3.6 3.4 35

36 Debt securities 0.0 0.2 0.9 0.8 -0.4 -0.2 0.7 -0.1 2.8 -0.5 36

37 Treasury securities 0.0 0.2 0.9 0.8 -0.4 -0.2 0.7 -0.1 2.8 -0.5 37

38 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Loans -0.6 0.7 0.9 2.1 2.3 0.5 8.0 4.6 4.3 10.0 39

40 Short term (consumer credit) -0.4 -0.2 -0.5 -0.5 -0.6 -0.7 -0.1 -0.0 0.0 0.0 40

41 Long term (mortgages) -0.1 0.9 1.4 2.6 2.9 1.2 8.1 4.6 4.3 10.0 41

42 Equity and investment fund shares 0.3 0.3 0.3 0.4 0.5 0.6 0.7 0.4 0.1 0.1 42

43 Money market mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Equity in government-sponsored enterprises (2) 0.3 0.3 0.3 0.4 0.5 0.6 0.7 0.4 0.1 0.1 44

45 Insurance, pension and standardized guarantee schemes (3) 1.9 3.2 3.9 4.4 4.3 3.7 3.1 3.2 -3.6 11.1 45

46 Other accounts receivable 0.2 2.5 6.0 7.5 5.9 3.3 16.6 -2.5 13.3 -2.5 46

47 Trade receivables 1.3 1.3 4.1 6.0 4.1 2.3 4.5 8.0 7.4 6.9 47

48 Other (miscellaneous assets) -1.1 1.2 1.9 1.4 1.7 1.0 12.1 -10.5 5.9 -9.4 48

49 Net incurrence of liabilities 14.2 21.5 39.4 51.5 64.0 36.4 78.3 37.1 36.6 71.8 49

50 Loans 20.4 29.5 42.7 58.4 73.8 63.2 64.7 57.9 71.3 113.7 50

51 Short term 7.5 10.4 14.8 26.0 28.1 13.0 22.5 -3.3 5.7 21.4 51

52 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 52

53 Other loans and advances 4.1 5.0 6.4 10.5 12.3 10.1 11.1 3.3 3.6 3.6 53

54 Long term (mortgages) 12.8 19.1 28.0 32.4 45.8 50.2 42.2 61.2 65.6 92.2 54
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

55 Equity and investment fund shares -11.5 -13.4 -8.0 -14.8 -27.8 -41.8 10.5 -55.3 -49.1 -57.4 55

56 Equity in noncorporate business -11.5 -13.5 -8.0 -15.0 -28.3 -43.0 8.9 -56.5 -50.4 -58.5 56

57 Foreign direct investment in the United States -0.0 0.0 -0.0 0.2 0.4 1.2 1.5 1.2 1.3 1.1 57

58 Other accounts payable 5.4 5.4 4.6 7.9 18.0 15.0 3.2 34.5 14.4 15.5 58

59 Trade payables 1.3 3.0 3.6 3.6 8.3 5.7 6.0 4.4 -0.1 4.8 59

60 Taxes payable 1.1 1.2 1.1 1.1 2.8 2.5 -1.6 1.5 1.8 1.1 60

61 Other (miscellaneous liabilities) 3.0 1.2 -0.1 3.2 6.9 6.8 -1.3 28.6 12.6 9.6 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 32-49) -11.5 -11.2 -22.1 -29.7 -42.8 -22.8 -45.5 -25.4 -7.7 -45.2 62

 Other changes in volume account

63 Total other volume changes -11.5 -13.5 -8.1 -15.0 -28.6 -44.3 9.2 -56.3 -50.2 -58.1 63

64 Disaster losses 0.0 0.0 0.0 0.0 0.3 0.3 0.0 0.3 0.3 0.0 64

65 Other volume changes -11.5 -13.5 -8.1 -15.0 -28.8 -44.5 9.2 -56.6 -50.5 -58.1 65

 Revaluation account

66 Nonfinancial assets 110.7 143.3 171.3 245.2 293.4 286.8 150.6 100.6 110.9 57.4 66

67 Real estate 97.0 132.5 155.2 205.6 253.9 249.5 136.4 78.1 88.1 50.1 67

68 Residential 43.4 54.7 87.9 93.1 122.8 137.6 94.1 92.3 72.8 102.1 68

69 Nonresidential 53.6 77.8 67.3 112.5 131.1 111.9 42.3 -14.2 15.3 -52.0 69

70 Equipment 12.3 12.0 13.4 16.6 23.4 27.9 28.7 21.1 12.2 8.4 70

71 Residential 0.4 0.3 0.3 0.7 0.6 1.0 1.0 0.7 0.4 -0.0 71

72 Nonresidential 11.9 11.7 13.1 15.9 22.9 26.9 27.7 20.4 11.9 8.4 72

73 Intellectual property products 0.4 0.3 0.3 0.5 0.4 0.6 0.5 0.4 0.3 0.3 73

74 Inventories 1.0 -1.5 2.4 22.6 15.6 8.8 -15.0 1.0 10.2 -1.4 74

75 Changes in net worth due to nominal holding gains/losses 110.7 143.3 171.3 245.2 293.4 286.8 150.6 100.6 110.9 57.4 75

 Changes in balance sheet account

76 Change in net worth (lines 24+30+63+75) 99.2 129.8 163.2 230.2 264.8 242.6 159.8 44.3 60.7 -0.6 76

 Balance sheet account (end of period)

77 Total assets 1481.0 1645.8 1856.4 2153.1 2510.2 2833.2 3062.1 3199.6 3346.7 3475.9 77

78 Nonfinancial assets 1398.0 1552.5 1745.8 2020.8 2356.7 2666.0 2862.1 2987.8 3106.1 3208.7 78

79 Real estate 1181.9 1325.8 1496.6 1725.3 2012.3 2291.5 2465.5 2573.4 2691.1 2777.5 79

80 Residential (4) 605.8 664.4 759.5 864.0 1002.9 1151.0 1254.4 1348.1 1430.7 1546.6 80

81 Nonresidential 576.2 661.4 737.1 861.3 1009.4 1140.5 1211.1 1225.2 1260.3 1230.9 81

82 Equipment 127.2 138.9 153.6 173.8 201.9 227.4 253.8 265.1 267.9 275.3 82

83 Residential 8.2 9.0 9.9 11.3 12.7 14.5 16.3 17.5 18.6 19.6 83

84 Nonresidential 119.0 129.9 143.6 162.5 189.2 212.9 237.5 247.6 249.3 255.7 84

85 Intellectual property products 8.8 9.2 9.5 10.4 11.6 13.0 14.6 15.8 17.1 19.0 85

86 Inventories 80.1 78.7 86.2 111.3 130.9 134.1 128.3 133.6 130.0 137.0 86

87 Financial assets 83.0 93.2 110.5 132.3 153.5 167.2 200.0 211.7 240.6 267.2 87

88 Currency and deposits 32.4 35.8 41.1 47.7 56.4 62.2 66.0 72.1 84.2 92.6 88

89 Currency and transferable deposits 24.3 26.3 29.0 32.2 35.1 37.9 40.3 44.0 52.5 57.5 89

90 Time and savings deposits 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 90

91 Debt securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 91

92 Treasury securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 92

93 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 Loans 5.9 6.6 7.5 9.6 11.9 12.4 20.4 25.0 29.3 39.3 94

95 Short term (consumer credit) 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 95

96 Long term (mortgages) 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 96

97 Equity and investment fund shares 1.6 1.9 2.1 2.5 3.0 3.6 4.3 4.7 4.7 4.8 97

98 Money market mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 98

99 Equity in government-sponsored enterprises (2) 1.6 1.9 2.1 2.5 3.0 3.6 4.3 4.7 4.7 4.8 99

100 Insurance, pension and standardized guarantee schemes (3) 17.5 20.7 24.6 29.1 33.3 37.0 40.1 43.3 39.7 50.7 100

101 Other accounts receivable 24.3 26.7 32.7 40.2 46.1 49.4 66.0 63.4 76.7 74.2 101

102 Trade receivables 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 102

103 Other (miscellaneous assets) 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 103
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

104 Total liabilities and net worth 1481.0 1645.8 1856.4 2153.1 2510.2 2833.2 3062.1 3199.6 3346.7 3475.9 104

105 Liabilities 349.3 384.2 431.6 498.1 590.5 670.8 740.0 833.1 919.6 1049.4 105

106 Loans 287.6 317.1 359.8 418.2 492.0 555.1 619.8 677.7 749.0 862.6 106

107 Short term 86.6 97.1 111.8 137.9 165.9 178.8 201.3 198.0 203.7 225.1 107

108 Depository institution loans n.e.c. 56.7 62.1 70.4 86.0 101.7 104.6 116.0 109.4 111.6 129.3 108

109 Other loans and advances 30.0 35.0 41.4 51.9 64.2 74.2 85.3 88.6 92.2 95.8 109

110 Long term (mortgages) 201.0 220.0 248.0 280.4 326.1 376.3 418.5 479.6 545.3 637.5 110

111 Equity and investment fund shares (direct investment in the U.S.) 0.6 0.6 0.6 0.8 1.3 3.7 4.9 5.6 6.4 7.1 111

112 Other accounts payable 61.1 66.5 71.2 79.1 97.1 112.1 115.3 149.8 164.2 179.7 112

113 Trade payables 28.4 31.4 35.0 38.6 46.9 52.6 58.6 63.1 63.0 67.8 113

114 Taxes payable 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 114

115 Other (miscellaneous liabilities) 26.1 27.3 27.2 30.5 37.4 44.2 42.9 71.5 84.1 93.7 115

116 Net worth 1131.7 1261.6 1424.8 1655.0 1919.8 2162.3 2322.2 2366.5 2427.2 2426.5 116

Notes. Nonfinancial noncorporate business includes noncorporate farms that are excluded from the nonfinancial noncorporate business sector in the Flow of Funds Accounts.

Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Net equity in reserves of property-casualty insurance companies.

(4) Farm houses are included in the household sector.

n.e.c. Not elsewhere classified
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 Current account

 1 Gross value added 898.3 1014.8 1147.5 1304.1 1450.4 1574.2 1788.4 1854.3 1985.5 2225.5 1

 2 Less: Consumption of fixed capital 107.7 118.3 132.6 150.2 172.4 198.9 229.1 253.9 264.6 279.0 2

 3 Equals: Net value added 790.6 896.5 1015.0 1154.0 1278.0 1375.4 1559.3 1600.4 1720.9 1946.6 3

 4 Compensation of employees (paid) 569.0 640.0 723.3 829.5 942.4 1030.7 1139.8 1183.3 1250.1 1388.2 4

 5 Wages and salaries 495.1 554.6 621.6 709.0 802.5 874.7 964.3 995.0 1044.7 1160.1 5

 6 Employers’ social contributions 74.0 85.4 101.8 120.5 139.9 156.0 175.6 188.3 205.4 228.1 6

 7 Taxes on production and imports less subsidies 80.2 86.7 94.6 102.7 108.8 121.5 146.7 152.9 168.0 185.0 7

 8 Operating surplus, net 141.4 169.8 197.0 221.7 226.8 223.1 272.8 264.2 302.8 373.4 8

 9 Net national income/Balance of primary incomes, net 92.2 119.3 140.6 160.2 163.2 138.6 161.7 142.3 178.4 235.1 9

10 Operating surplus, net 141.4 169.8 197.0 221.7 226.8 223.1 272.8 264.2 302.8 373.4 10

11 Property income (received) 48.3 54.7 62.1 73.2 100.7 117.9 134.5 143.0 149.0 167.7 11

12 Interest 28.1 28.7 32.5 39.6 52.3 68.8 91.6 99.4 100.1 113.2 12

13 Distributed income of corporations (dividends) 11.5 17.2 20.5 20.0 27.0 28.0 26.5 31.6 28.9 30.3 13

14 Reinvested earnings on U.S. direct investment abroad 8.8 8.7 9.2 13.5 21.5 21.2 16.4 12.0 20.0 24.3 14

15 Less: Uses of property income (paid) 97.6 105.3 118.5 134.7 164.3 202.5 245.6 264.9 273.4 306.0 15

16 Interest 58.2 56.4 63.1 73.6 92.0 120.5 156.1 173.7 173.8 196.8 16

17 Distributed income of corporations (dividends) 36.1 45.0 51.4 56.0 64.6 72.6 79.0 85.7 92.2 97.5 17

18 Reinvested earnings on foreign direct investment 1.0 1.5 1.5 2.4 3.7 3.2 2.7 -3.0 -1.2 1.9 18

19 Rent 2.3 2.4 2.5 2.8 4.0 6.2 7.7 8.6 8.6 9.9 19

20 Net national income/Balance of primary incomes, net 92.2 119.3 140.6 160.2 163.2 138.6 161.7 142.3 178.4 235.1 20

21 Less: Current taxes on income, wealth, etc. (paid) 41.9 53.5 60.6 67.6 70.6 68.2 66.0 48.8 61.7 75.9 21

22 Less: Other current transfers (paid) 4.7 6.7 8.7 9.2 9.0 9.6 10.7 8.1 10.0 10.9 22

23 Equals: Disposable income, net 45.5 59.1 71.4 83.4 83.6 60.8 85.1 85.4 106.7 148.2 23

24 Equals: Net saving 45.5 59.1 71.4 83.4 83.6 60.8 85.1 85.4 106.7 148.2 24

 Capital account

25 Net saving less capital transfers 45.8 59.3 71.5 83.6 83.8 61.0 85.3 85.6 106.7 148.2 25

26 Net saving 45.5 59.1 71.4 83.4 83.6 60.8 85.1 85.4 106.7 148.2 26

27 Less: Capital transfers paid (net) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 27

28 Capital formation, net 27.3 62.4 78.6 106.6 118.5 104.1 139.7 80.3 96.3 187.4 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 144.0 161.7 192.9 233.3 274.6 300.1 343.1 350.1 348.3 405.6 29

30 Less: Consumption of fixed capital 107.7 118.3 132.6 150.2 172.4 198.9 229.1 253.9 264.6 279.0 30

31 Acquisition of nonproduced nonfinancial assets -0.0 2.0 1.1 0.2 2.4 3.6 5.0 3.3 4.7 3.6 31

32 Change in private inventories -8.9 17.0 17.2 23.3 13.9 -0.6 20.6 -19.2 8.0 57.1 32

33 Net lending (+) or borrowing (-), capital account (lines 25-28) 18.5 -3.1 -7.1 -23.0 -34.7 -43.1 -54.5 5.3 10.4 -39.2 33

 Financial account

34 Net lending (+) or borrowing (-), capital account (line 33) 18.5 -3.1 -7.1 -23.0 -34.7 -43.1 -54.5 5.3 10.4 -39.2 34

35 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 35

36 Currency and deposits 14.7 10.2 12.7 11.7 10.1 3.8 -8.3 16.6 32.3 11.2 36

37 Currency and transferable deposits 10.5 4.7 3.8 6.3 6.1 -0.4 -21.0 10.4 21.6 13.1 37

38 Time and savings deposits 3.7 4.7 6.7 2.7 2.2 4.6 9.9 8.6 6.4 -0.9 38

39 Foreign deposits 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 39

40 Debt securities 9.7 8.4 -6.2 -1.0 -2.7 5.1 8.8 1.2 20.3 9.2 40

41 Open market paper 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 41

42 Treasury securities 7.4 7.3 -5.0 -1.5 -1.6 0.2 5.0 2.4 9.1 6.3 42

43 Agency- and GSE-backed securities (1) -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 43

44 Municipal securities -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 44

45 Loans 1.0 3.2 4.7 4.5 5.7 10.5 7.3 3.5 7.2 15.1 45

46 Short term (security RPs and consumer credit) 1.2 2.6 1.5 2.5 2.4 1.9 -1.2 1.1 5.4 3.7 46

47 Long term (mortgages) -0.1 0.7 3.2 2.0 3.3 8.6 8.5 2.3 1.8 11.4 47

48 Equity and investment fund shares 14.8 11.1 10.6 15.3 28.3 25.4 24.7 18.9 9.5 26.5 48

49 Money market fund shares 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 49

50 Mutual fund shares -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 50

51 U.S. direct investment abroad 12.8 10.1 9.6 13.7 24.4 20.0 11.9 16.0 15.0 17.6 51

52 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 52

53 Investment in finance company subsidiaries 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 53

54 Insurance, pension and standardized guarantee schemes (2) 2.3 3.5 4.5 5.7 5.7 4.8 3.8 2.8 3.5 5.1 54
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

55 Other accounts receivable -15.9 30.7 88.0 94.8 112.5 77.8 174.5 45.1 69.1 210.4 55

56 Trade receivables 17.2 31.0 44.0 60.9 72.4 49.7 44.8 -5.0 57.4 67.6 56

57 Other (miscellaneous assets) -33.1 -0.3 44.1 33.9 40.1 28.1 129.7 50.1 11.7 142.8 57

58 Net incurrence of liabilities 60.9 103.3 147.3 198.4 259.2 223.3 283.9 160.9 156.2 318.8 58

59 Debt securities 26.9 26.7 31.2 31.5 36.3 42.5 52.9 39.7 34.6 90.3 59

60 Open market paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 60

61 Municipal securities 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 61

62 Corporate bonds 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 62

63 Loans -12.2 15.0 43.1 51.2 49.5 29.7 73.2 66.1 58.9 116.8 63

64 Short term -14.6 8.4 29.1 38.7 47.5 39.4 61.0 76.5 47.7 105.4 64

65 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 65

66 Other loans and advances 2.6 13.0 13.8 15.9 17.0 9.6 28.0 4.9 22.7 46.2 66

67 Long term (mortgages) 2.4 6.6 14.0 12.5 2.0 -9.7 12.2 -10.4 11.2 11.4 67

68 Equity and investment fund shares 12.1 14.1 5.9 6.9 1.2 23.6 7.1 10.2 27.9 -60.5 68

69 Corporate equities 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 69

70 Foreign direct investment in the United States 2.2 3.5 3.2 7.0 9.1 13.2 20.6 8.3 7.9 18.4 70

71 Insurance, pension and standardized guarantee schemes -8.2 10.3 2.2 -0.0 -9.8 41.4 18.0 -8.1 45.4 5.9 71

72 Pension fund contributions payable 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 72

73 Claim of pension fund on sponsor -9.1 9.8 1.9 -0.8 -10.7 40.0 17.6 -10.0 43.3 5.0 73

74 Other accounts payable 42.3 37.3 64.9 108.9 182.0 86.1 132.7 53.0 -10.6 166.3 74

75 Trade payables 9.7 18.9 32.0 40.9 55.7 29.2 27.0 10.8 7.8 34.6 75

76 Taxes payable -2.2 5.5 1.3 4.9 6.9 2.9 -4.0 -4.3 3.1 3.5 76

77 Miscellaneous liabilities 34.9 12.9 31.5 63.0 119.3 54.0 109.7 46.5 -21.4 128.2 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-58) -34.4 -36.2 -32.9 -67.4 -99.6 -96.0 -73.0 -72.8 -14.3 -41.2 78

 Other changes in volume account

79 Total other volume changes -183.7 -51.7 -36.8 -34.5 -18.0 2.4 3.8 -13.8 20.9 104.0 79

80 Disaster losses 0.0 0.1 0.2 0.0 0.5 0.1 0.0 0.2 0.3 0.0 80

81 Other volume changes -141.3 -32.7 -26.9 -13.8 6.3 12.9 -2.3 56.5 37.9 102.1 81

82 Less: Statistical discrepancy (lines 33-[35-58]) (3) 52.9 33.1 25.8 44.4 64.9 52.9 18.5 78.1 24.7 2.1 82

83 Less: Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 83

 Revaluation account

84 Nonfinancial assets 151.3 147.7 170.0 229.8 303.8 341.4 315.2 152.1 56.8 113.5 84

85 Real estate 90.3 101.1 115.6 156.5 196.2 200.1 221.9 93.0 27.3 79.6 85

86 Equipment 55.6 38.8 45.5 52.7 72.2 106.1 74.7 44.4 13.8 17.7 86

87 Intellectual property products 5.7 5.5 5.8 8.5 11.3 13.7 13.9 11.1 10.1 8.2 87

88 Inventories -0.3 2.3 3.0 12.0 24.2 21.5 4.6 3.6 5.6 8.0 88

89 Financial assets 0.1 60.9 14.1 23.5 26.3 32.7 10.1 -33.3 -30.2 -23.2 89

90 Mutual fund shares 0.1 0.1 -0.0 0.0 0.1 0.2 -0.1 0.3 0.2 -0.2 90

91 Direct investment abroad 0.0 60.8 14.2 23.5 26.2 32.5 10.2 -33.6 -30.4 -23.0 91

92 Liabilities 187.3 179.9 -106.9 43.0 174.0 339.9 -94.5 166.9 222.4 7.5 92

93 Corporate equity 187.3 162.0 -111.0 37.3 166.2 321.3 -107.4 158.9 223.9 2.1 93

94 Foreign direct investment in the United States -0.0 18.0 4.1 5.7 7.7 18.5 13.0 8.0 -1.5 5.5 94

95 Changes in net worth due to nominal holding gains/losses -35.9 28.6 291.0 210.3 156.2 34.2 419.8 -48.1 -195.9 82.8 95

 Changes in balance sheet account

96 Change in net worth (lines 28+33+79+95) (4) -173.8 36.2 325.7 259.5 222.0 97.6 508.9 23.7 -68.2 335.0 96

 Balance sheet account (end of period)

97 Total assets 2905.4 3217.4 3582.2 4077.2 4716.8 5369.4 6041.2 6386.6 6718.5 7295.4 97

98 Nonfinancial assets (5) 2131.1 2353.3 2616.8 2977.0 3437.6 3923.0 4401.1 4635.7 4789.9 5092.4 98

99 Real estate 1170.9 1292.1 1430.7 1620.8 1860.2 2112.6 2397.0 2546.3 2616.9 2755.2 99

100 Equipment 550.6 608.8 686.5 783.0 906.3 1053.5 1170.9 1239.6 1276.3 1342.0 100

101 Intellectual property products 102.3 111.8 123.1 137.6 157.4 180.2 206.6 231.4 257.1 286.6 101

102 Inventories 307.2 340.6 376.5 435.5 513.8 576.7 626.6 618.5 639.6 708.6 102

103 Financial assets 774.3 864.1 965.4 1100.2 1279.1 1446.3 1640.1 1750.9 1928.7 2203.0 103

104 Currency and deposits 85.4 95.6 108.3 120.0 130.1 133.9 125.6 142.2 174.5 185.7 104

105 Currency and transferable deposits 58.7 63.4 67.2 73.5 79.6 79.2 58.2 68.6 90.2 103.3 105

106 Time and savings deposits 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 106

107 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 107
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S.5.a Nonfinancial Corporate Business

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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

108 Debt securities 30.7 39.2 33.0 32.0 29.3 34.4 43.2 44.5 64.8 74.0 108

109 Open market paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 109

110 Treasury securities 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 110

111 Agency- and GSE-backed securities (1) 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 111

112 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 112

113 Loans 32.1 35.3 40.1 44.5 50.2 60.7 68.0 71.5 78.7 93.7 113

114 Short term 22.4 25.0 26.5 29.0 31.4 33.3 32.1 33.2 38.6 42.3 114

115 Security repurchases 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 115

116 Consumer credit 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 116

117 Long term (mortgages) 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 117

118 Equity and investment fund shares 144.0 216.0 240.8 279.6 334.2 392.4 427.2 412.8 392.0 395.3 118

119 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 119

120 Mutual fund shares 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 120

121 U.S. direct investment abroad 141.0 212.0 235.7 272.9 323.6 376.1 398.2 380.6 365.2 359.8 121

122 Equity in government-sponsored enterprises (1) 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.3 122

123 Investment in finance company subsidiaries 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 123

124 Insurance, pension and standardized guarantee schemes (2) 20.4 23.9 28.4 34.1 39.8 44.6 48.4 51.2 54.8 59.9 124

125 Other accounts receivable 461.6 454.1 514.7 590.0 695.5 780.4 927.7 1028.8 1163.9 1394.2 125

126 Trade receivables 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 126

127 Other (miscellaneous assets) 190.1 151.6 168.3 182.7 215.8 251.1 353.6 459.7 537.4 700.1 127

128 Total liabilities and net worth 2905.4 3217.4 3582.2 4077.2 4716.8 5369.4 6041.2 6386.6 6718.5 7295.4 128

129 Liabilities 1847.2 2123.1 2162.1 2397.7 2815.2 3370.2 3533.2 3855.0 4255.0 4496.9 129

130 Debt securities 270.1 296.8 329.7 361.1 397.5 439.5 492.4 533.1 567.7 658.0 130

131 Open market paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 131

132 Municipal securities 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 132

133 Corporate bonds 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 133

134 Loans 297.3 309.6 352.8 399.9 448.4 474.3 541.3 591.1 672.8 793.2 134

135 Short term 189.4 194.7 223.6 258.1 304.4 340.0 399.9 463.9 514.6 620.0 135

136 Depository institution loans n.e.c. 136.7 130.9 146.0 168.6 198.6 225.8 258.8 317.9 345.9 405.2 136

137 Other loans and advances 52.7 63.9 77.6 89.5 105.9 114.2 141.1 145.9 168.6 214.8 137

138 Long term (mortgages) 107.9 114.9 129.2 141.8 144.0 134.3 141.4 127.2 158.3 173.2 138

139 Equity and investment fund shares 776.3 970.3 869.3 919.1 1094.3 1457.7 1370.4 1547.5 1797.8 1744.8 139

140 Corporate equity 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 140

141 Foreign direct investment in the United States 21.5 43.0 50.2 62.9 79.7 111.4 144.9 161.3 167.6 191.6 141

142 Insurance, pension and standardized guarantee schemes 69.8 71.4 80.4 67.0 49.5 59.9 90.3 49.1 45.5 108.7 142

143 Pension fund contributions payable 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 143

144 Claim of pension fund on sponsor 66.1 67.3 76.0 61.7 43.3 52.3 82.4 39.2 33.4 95.8 144

145 Other accounts payable 433.7 474.9 529.9 650.5 825.6 938.8 1038.9 1134.2 1171.3 1192.1 145

146 Trade payables 176.9 195.8 227.8 272.8 328.5 357.8 384.8 395.6 403.4 438.0 146

147 Taxes payable 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 147

148 Miscellaneous liabilities 234.6 251.3 272.9 343.6 456.1 537.2 614.2 703.0 729.3 712.0 148

149 Net worth 1058.1 1094.3 1420.1 1679.5 1901.5 1999.1 2508.0 2531.6 2463.5 2798.5 149

Notes. Nonfinancial corporate business includes corporate farms that are excluded from the nonfinancial corporate business sector in the Flow of Funds Accounts.

Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) Net equity in reserves of property-casualty insurance companies.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Flow of Funds Accounts.

(5) Excludes nonproduced nonfinancial assets.

n.e.c. Not elsewhere classified
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Current account

 1 Gross value added 75.4 81.7 96.9 115.1 126.2 140.6 164.5 179.4 206.1 230.5 1

 2 Less: Consumption of fixed capital 6.6 7.6 8.8 10.1 12.1 14.6 17.4 20.5 23.3 26.4 2

 3 Equals: Net value added 68.8 74.1 88.0 105.0 114.1 126.0 147.1 158.9 182.8 204.1 3

 4 Compensation of employees (paid) 42.2 46.7 52.2 59.3 67.5 77.8 87.5 98.8 110.8 121.4 4

 5 Wages and salaries 36.4 40.0 44.4 50.9 58.0 66.8 75.3 84.3 95.0 104.3 5

 6 Employers’ social contributions 5.8 6.7 7.7 8.4 9.5 11.0 12.3 14.5 15.9 17.1 6

 7 Taxes on production and imports less subsidies 5.0 5.4 6.4 6.9 7.0 7.9 9.2 9.1 10.3 11.7 7

 8 Operating surplus, net 21.6 22.0 29.5 38.8 39.7 40.4 50.3 51.0 61.7 71.0 8

 9 Net national income/Balance of primary incomes, net 22.0 23.7 26.4 35.6 39.1 33.0 26.4 26.6 37.5 39.0 9

10 Operating surplus, net 21.6 22.0 29.5 38.8 39.7 40.4 50.3 51.0 61.7 71.0 10

11 Property income (received) 201.3 207.7 229.5 271.6 330.2 406.7 525.6 606.2 630.1 672.3 11

12 Interest 190.8 196.4 216.1 255.7 310.5 384.0 501.6 582.1 602.9 646.8 12

13 Distributed income of corporations (dividends) 10.1 10.7 12.9 15.1 18.5 21.5 23.0 23.3 25.7 23.3 13

14 Reinvested earnings on U.S. direct investment abroad 0.5 0.5 0.5 0.8 1.2 1.2 1.0 0.8 1.6 2.2 14

15 Less: Uses of property income (paid) 201.0 206.0 232.6 274.8 330.7 414.1 549.5 630.7 654.3 704.3 15

16 Interest 185.4 188.9 210.7 249.6 302.9 384.6 511.9 595.1 612.9 660.2 16

17 Distributed income of corporations 15.5 16.9 21.7 25.0 27.4 29.2 37.3 35.9 41.5 43.8 17

18 Dividends 11.9 13.0 15.7 18.8 22.3 24.2 28.8 30.6 33.7 34.6 18

19 Withdrawals from income of quasi-corporations (1) 3.6 3.9 6.1 6.2 5.1 5.0 8.5 5.3 7.8 9.2 19

20 Reinvested earnings on foreign direct investment 0.2 0.2 0.1 0.2 0.3 0.3 0.3 -0.3 -0.1 0.2 20

21 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Net national income/Balance of primary incomes, net 22.0 23.7 26.4 35.6 39.1 33.0 26.4 26.6 37.5 39.0 22

23 Less: Current taxes on income, wealth, etc. (paid) 9.7 11.8 13.9 17.3 19.4 19.0 18.3 17.7 18.9 21.6 23

24 Less: Other current transfers (paid) 3.6 0.9 -2.6 -1.2 1.8 2.5 3.7 8.6 9.6 16.1 24

25 Equals: Disposable income, net 8.7 11.0 15.2 19.5 17.9 11.5 4.3 0.2 8.9 1.4 25

26 Equals: Net saving 8.7 11.0 15.2 19.5 17.9 11.5 4.3 0.2 8.9 1.4 26

 Capital account

27 Net saving less capital transfers 8.7 11.0 15.2 19.5 17.9 11.5 4.3 0.2 8.9 1.4 27

28 Net saving 8.7 11.0 15.2 19.5 17.9 11.5 4.3 0.2 8.9 1.4 28

29 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Capital formation, net 6.3 6.5 6.8 10.2 14.0 17.1 20.2 20.9 22.8 30.0 30

31 Gross fixed capital formation (nonresidential) 12.9 14.1 15.6 20.3 26.0 31.7 37.6 41.4 46.1 56.5 31

32 Less: Consumption of fixed capital 6.6 7.6 8.8 10.1 12.1 14.6 17.4 20.5 23.3 26.4 32

33 Net lending (+) or borrowing (-), capital account (lines 27-30) 2.4 4.5 8.5 9.3 3.9 -5.6 -15.9 -20.7 -13.8 -28.7 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) 2.4 4.5 8.5 9.3 3.9 -5.6 -15.9 -20.7 -13.8 -28.7 34

35 Net acquisition of financial assets 233.7 321.9 388.9 486.3 499.6 537.3 600.6 630.8 733.2 865.3 35

36 Monetary gold -0.1 -0.0 0.1 0.1 -0.2 -0.0 -0.0 -0.0 -0.0 -0.0 36

37 Currency and deposits 9.4 3.2 11.6 25.8 26.3 19.1 42.7 27.5 -7.5 19.6 37

38 Debt securities 115.6 111.5 86.9 93.3 116.5 170.8 209.2 254.8 250.7 299.3 38

39 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 39

40 Open market paper 9.2 8.6 1.0 2.4 25.7 22.4 63.7 0.9 26.8 31.3 40

41 Treasury securities 50.4 45.8 6.8 2.3 9.0 40.6 62.5 110.4 92.0 90.7 41

42 Agency- and GSE-backed securities (2) 12.7 9.9 16.8 20.4 25.4 33.6 34.8 68.6 65.6 54.9 42

43 Municipal securities 7.7 13.1 23.0 24.7 20.5 23.5 13.1 21.9 14.7 27.0 43

44 Corporate and foreign bonds 31.8 28.7 32.6 36.4 27.4 40.9 24.4 39.6 37.0 76.9 44

45 Nonmarketable government securities 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 45

46 Loans 38.6 136.5 210.2 266.3 272.9 192.0 215.2 173.6 272.3 416.3 46

47 Short term -1.5 57.2 93.6 133.8 137.0 94.3 137.5 105.4 98.2 211.1 47

48 Long term (mortgages) 40.1 79.3 116.5 132.5 136.0 97.7 77.7 68.2 174.0 205.2 48

49 Equity and investment fund shares 24.7 19.3 22.0 23.7 32.7 51.0 50.6 72.4 85.0 44.3 49

50 Corporate equities 9.3 7.7 10.4 12.9 17.8 22.6 28.7 37.3 51.1 3.5 50

51 Mutual fund shares 0.4 0.4 0.4 -0.5 1.0 1.5 -2.3 3.9 0.1 1.6 51

52 Money market mutual fund shares 0.0 0.3 0.2 0.8 1.5 2.3 8.2 0.9 4.2 4.8 52

53 Equity in government-sponsored enterprises (2) 0.1 0.2 0.4 0.8 1.0 0.0 0.7 0.4 0.1 0.8 53

54 U.S. direct investment abroad 1.4 1.8 2.3 2.0 2.4 2.9 3.6 2.2 2.9 2.6 54

55 Stock in Federal Reserve Banks 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 55

56 Investment in subsidiaries 13.5 8.8 8.3 7.6 8.8 21.6 11.7 27.6 26.6 30.9 56
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

57 Insurance, pension and standardized guarantee schemes 31.7 48.3 40.8 40.9 39.0 81.7 59.2 33.5 88.5 36.6 57

58 Other accounts receivable 13.7 3.1 17.3 36.3 12.3 22.8 23.7 69.1 44.2 49.3 58

59 Net incurrence of liabilities 237.6 319.1 381.8 475.6 489.9 529.4 604.4 637.6 724.3 883.3 59

60 Currency and deposits 97.3 125.5 151.2 159.3 148.2 127.2 112.3 208.3 225.5 301.9 60

61 Debt securities 18.8 27.6 48.1 57.2 77.7 64.1 84.9 89.2 106.4 135.3 61

62 Agency- and GSE-backed securities (2) 9.4 14.6 23.1 36.7 47.3 43.6 45.5 64.5 67.7 75.0 62

63 Corporate bonds 8.1 7.0 12.3 6.6 3.6 7.6 6.7 14.8 17.4 36.3 63

64 Commercial paper 1.3 6.0 12.8 13.9 26.8 12.9 32.7 9.9 21.3 24.0 64

65 Loans -9.6 19.7 14.2 40.6 33.7 41.4 52.0 35.6 14.3 64.5 65

66 Short term -9.6 19.3 14.4 40.5 33.7 41.4 52.0 35.5 14.3 64.1 66

67 Long term (mortgages) -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 67

68 Equity and investment fund shares 16.8 10.8 13.4 22.7 52.6 58.3 126.9 77.8 13.4 119.4 68

69 Money market mutual fund shares 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 69

70 Corporate equity issues -1.1 1.9 2.4 4.4 3.2 1.5 3.3 4.7 3.5 6.2 70

71 Mutual fund shares -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 71

72 Equity in government-sponsored enterprises (2) 0.4 0.5 0.7 1.2 1.6 0.7 1.4 0.9 0.2 0.9 72

73 Foreign direct investment in the United States 0.4 0.8 0.6 0.8 2.4 2.5 3.1 3.1 1.2 5.0 73

74 Equity in noncorporate business 0.6 0.4 0.1 0.4 1.0 0.6 0.1 0.5 0.3 -0.0 74

75 Investment by parent 15.5 9.7 9.2 9.9 10.7 20.6 6.6 26.5 24.5 31.4 75

76 Stock in Federal Reserve Banks 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 76

77 Insurance, pension and standardized guarantee schemes 109.7 120.0 135.6 150.4 157.9 221.9 199.1 221.8 273.0 223.3 77

78 Other accounts payable 4.6 15.3 19.3 45.3 19.8 16.4 29.2 5.0 91.7 38.9 78

 Addendum:

79 Net lending (+) or borrowing (-), financial account (lines 35-59) -3.9 2.8 7.1 10.7 9.7 7.9 -3.7 -6.8 8.8 -18.0 79

 Other changes in volume account

80 Total other volume changes -22.6 -31.5 8.9 -15.2 -2.5 -28.3 27.6 -42.2 -36.9 113.1 80

81 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 81

82 Other volume changes -16.3 -29.9 10.3 -16.6 -8.4 -41.8 15.5 -56.1 -59.5 102.4 82

83 Less: Statistical discrepancy (lines 33-[35-59]) (3) 6.3 1.7 1.4 -1.4 -5.8 -13.5 -12.2 -13.9 -22.6 -10.7 83

 Revaluation account

84 Nonfinancial assets 3.6 4.3 6.7 8.4 13.4 14.6 12.7 8.8 3.3 5.8 84

85 Structures (nonresidential) 1.9 3.1 5.5 6.9 10.3 10.8 8.5 6.4 4.8 6.9 85

86 Equipment 1.6 1.2 1.2 1.4 2.8 3.6 3.8 2.3 -1.5 -1.0 86

87 Intellectual property products 0.0 0.1 -0.0 0.1 0.3 0.2 0.4 0.2 -0.1 -0.0 87

88 Financial assets 49.0 26.8 -19.7 22.7 25.0 64.1 -36.7 67.8 98.8 11.1 88

89 Corporate equities 48.6 26.5 -19.5 22.2 24.5 63.3 -36.4 68.3 98.9 12.2 89

90 Mutual fund shares 0.5 0.3 -0.1 0.5 0.5 0.8 -0.4 -0.8 0.8 -0.3 90

91 U.S. direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -1.0 -0.9 91

92 Liabilities 31.6 5.3 -18.7 6.7 26.2 25.3 4.3 45.6 64.2 63.1 92

93 Corporate equity issues 10.2 20.6 -6.4 4.4 12.4 10.3 7.1 14.0 37.4 4.1 93

94 Mutual fund shares 8.2 6.0 -1.2 1.4 6.6 8.8 -4.4 8.5 11.3 0.4 94

95 Foreign direct investment in the United States 0.0 0.0 0.0 -0.1 -0.0 1.9 -0.4 0.1 0.5 0.3 95

96 Equity in noncorporate business -0.2 -0.6 -0.4 -0.1 -0.3 -1.3 -0.0 0.1 0.2 0.0 96

97 Pension fund reserves 13.3 -20.6 -10.7 1.1 7.5 2.1 -8.0 20.4 14.8 58.3 97

98 Investment by parent 0.0 0.0 0.0 0.0 0.0 3.5 10.0 2.6 0.0 0.0 98

99 Changes in net worth due to nominal holding gains/losses 21.0 25.8 5.7 24.4 12.2 53.4 -28.3 31.0 37.9 -46.2 99

 Changes in balance sheet account

100 Change in net worth (lines 30+33+80+99) 7.2 5.2 29.9 28.7 27.5 36.7 3.6 -11.0 10.0 68.3 100

 Balance sheet account (end of period)

101 Total assets 3216.9 3539.2 3927.4 4437.9 4977.1 5567.1 6190.8 6809.5 7600.7 8598.9 101

102 Nonfinancial assets (4) 89.7 100.5 113.9 132.5 159.8 191.5 224.4 254.1 280.1 315.9 102

103 Structures (nonresidential) 57.8 63.2 71.2 81.6 97.4 115.6 134.7 152.5 167.4 187.9 103

104 Equipment 28.4 33.0 38.1 45.8 56.4 68.9 81.7 92.1 101.8 115.3 104

105 Intellectual property products 3.6 4.3 4.6 5.1 6.1 7.0 8.0 9.5 10.9 12.7 105
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

106 Financial assets 3127.3 3438.7 3813.5 4305.4 4817.3 5375.6 5966.4 6555.4 7320.7 8283.0 106

107 Monetary gold 11.6 11.6 11.7 11.7 11.2 11.2 11.2 11.1 11.1 11.1 107

108 Currency and deposits 87.4 90.6 102.1 127.1 154.4 172.9 213.8 241.4 233.5 252.4 108

109 Debt securities 777.4 888.9 976.2 1071.1 1186.8 1357.4 1565.7 1822.7 2073.3 2386.0 109

110 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 110

111 Open market paper 33.2 41.8 42.9 45.2 71.0 93.1 156.8 163.8 190.7 222.0 111

112 Treasury securities 214.3 260.1 267.4 269.7 278.5 319.1 381.4 491.8 583.8 674.8 112

113 Agency- and GSE-backed securities (2) 83.4 93.3 110.1 130.6 155.7 189.3 224.1 289.4 355.0 409.9 113

114 Municipal securities 146.3 159.4 182.4 208.7 229.0 252.6 265.0 286.7 301.4 327.7 114

115 Corporate and foreign bonds 257.6 286.3 318.9 355.3 382.5 423.6 447.9 487.1 524.1 614.7 115

116 Nonmarketable government securities 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 116

117 Loans 1287.6 1422.3 1632.6 1897.9 2171.1 2362.1 2576.7 2698.5 2973.4 3394.0 117

118 Short term 597.4 652.8 746.2 878.4 1013.7 1106.5 1242.9 1307.0 1408.2 1611.7 118

119 Long term (mortgages) 690.2 769.5 886.4 1019.5 1157.5 1255.5 1333.8 1391.5 1565.2 1782.4 119

120 Equity and investment fund shares 290.9 336.9 339.3 385.6 443.3 562.0 585.8 728.6 912.4 967.8 120

121 Corporate equities 221.4 255.6 246.5 281.6 323.9 409.9 402.2 507.8 657.8 673.4 121

122 Mutual fund shares 3.4 4.1 4.3 4.4 5.9 8.2 5.6 8.7 9.6 10.9 122

123 Money market fund shares 0.0 0.3 0.5 1.3 2.8 5.1 13.3 14.2 18.4 23.2 123

124 Equity in government-sponsored enterprises (2) 2.7 2.9 3.3 4.1 5.1 5.2 5.8 6.3 6.4 7.2 124

125 U.S. direct investment abroad 8.5 10.3 12.6 14.6 17.0 20.0 23.5 26.0 27.9 29.7 125

126 Stock in Federal Reserve Banks 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 126

127 Investment in subsidiaries 54.0 62.8 71.0 78.6 87.4 112.5 134.2 164.3 190.9 221.8 127

128 Insurance, pension and standardized guarantee schemes 581.5 593.3 638.9 662.6 692.5 725.3 800.8 798.5 818.1 904.0 128

129 Other accounts receivable 90.9 95.1 112.6 149.4 158.0 184.8 212.3 254.6 298.7 367.6 129

130 Total liabilities and net worth 3216.9 3539.2 3927.4 4437.9 4977.1 5567.1 6190.8 6809.5 7600.7 8598.9 130

131 Liabilities 3085.5 3402.5 3760.9 4242.7 4754.4 5307.7 5927.8 6557.5 7338.7 8268.6 131

132 Currency and deposits 1245.3 1370.9 1522.0 1693.5 1840.2 1972.0 2079.5 2277.6 2503.2 2803.4 132

133 Debt securities 219.8 247.4 295.4 352.6 431.6 495.7 579.8 671.7 778.4 922.3 133

134 Agency- and GSE-backed securities (2) 107.3 121.9 145.0 181.7 230.3 273.9 319.4 383.9 451.6 526.2 134

135 Corporate bonds 56.1 63.0 75.3 81.9 85.4 93.0 98.9 113.7 131.3 176.6 135

136 Commercial paper 56.4 62.5 75.1 89.1 115.9 128.8 161.5 174.2 195.5 219.5 136

137 Loans 89.2 108.9 123.5 164.1 198.3 239.7 289.2 324.9 339.3 403.8 137

138 Short term 87.7 106.9 121.7 162.2 196.4 237.8 287.3 322.9 337.2 401.3 138

139 Long term (mortgages) 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 139

140 Equity and investment fund shares 184.8 221.6 227.0 255.3 326.5 408.1 547.3 650.3 713.1 837.2 140

141 Money market fund shares 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 141

142 Corporate equity issues 75.0 97.5 93.4 102.2 117.8 129.7 140.1 158.8 199.6 209.9 142

143 Mutual fund shares 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 143

144 Equity in government-sponsored enterprises (2) 4.4 4.9 5.6 6.8 8.3 9.0 10.4 11.2 11.5 12.3 144

145 Foreign direct investment in the United States 3.2 3.9 4.5 5.2 7.6 12.0 14.7 17.9 19.6 24.9 145

146 Equity in noncorporate business 2.1 1.9 1.7 2.0 2.7 1.9 1.9 2.5 3.1 3.1 146

147 Investment by parent 52.5 62.2 71.3 81.2 91.9 116.0 132.6 161.7 186.2 217.6 147

148 Stock in Federal Reserve Banks 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 148

149 Insurance, pension and standardized guarantee schemes 1277.5 1376.9 1501.8 1653.3 1818.8 2042.8 2233.9 2476.0 2763.8 3045.5 149

150 Other accounts payable 68.9 76.8 91.1 123.8 138.9 149.4 198.0 156.8 241.0 256.4 150

151 Net worth 131.5 136.7 166.5 195.2 222.7 259.4 263.0 252.1 262.0 330.3 151

Notes. Financial business includes depository institutions, insurance companies and pension funds, monetary authority, and other financial institutions.

Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land. Includes corporate and noncorporate financial business.

SDRs Special Drawing Rights
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Current account

 1 Gross value added 120.4 129.7 137.7 149.3 160.1 176.4 199.3 217.4 231.1 248.8 1

 2 Less: Consumption of fixed capital 37.8 40.6 43.7 47.5 51.8 57.9 65.3 72.7 79.0 86.4 2

 3 Equals: Net value added 82.6 89.1 94.0 101.9 108.4 118.5 134.0 144.8 152.1 162.4 3

 4 Compensation of employees (paid) 87.0 92.0 97.4 104.8 111.1 122.2 136.6 146.9 154.1 165.1 4

 5 Wages and salaries 64.4 67.8 71.8 77.5 82.0 90.1 100.7 108.4 113.1 121.1 5

 6 Employers’ social contributions 22.6 24.2 25.6 27.2 29.0 32.0 35.9 38.5 41.0 44.0 6

 7 Operating surplus, net -4.4 -2.9 -3.4 -2.9 -2.7 -3.6 -2.6 -2.1 -1.9 -2.7 7

 8 Net national income/Balance of primary incomes, net -33.9 -39.1 -45.8 -56.5 -65.4 -72.6 -78.0 -105.0 -120.7 -142.2 8

 9 Operating surplus, net -4.4 -2.9 -3.4 -2.9 -2.7 -3.6 -2.6 -2.1 -1.9 -2.7 9

10 Taxes on production and imports, receivable 22.1 21.4 22.7 25.3 25.7 33.7 49.9 41.0 44.4 47.3 10

11 Subsidies (paid) -4.3 -4.9 -6.9 -8.7 -8.2 -9.4 -11.1 -14.6 -20.9 -20.7 11

12 Property income (received) 5.3 6.2 7.1 8.9 11.2 14.4 19.2 23.4 24.7 27.7 12

13 Interest 4.3 5.2 5.8 7.4 9.2 11.3 14.8 18.3 20.4 22.8 13

14 Distributed income of corporations (dividends) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Rents on land and natural resources 1.0 1.1 1.3 1.5 2.1 3.0 4.4 5.1 4.3 4.9 15

16 Less: Uses of property income (interest paid) 52.5 58.9 65.3 79.1 91.5 107.5 133.4 152.7 167.0 193.8 16

17 Net national income/Balance of primary incomes, net -33.9 -39.1 -45.8 -56.5 -65.4 -72.6 -78.0 -105.0 -120.7 -142.2 17

18 Plus: Current taxes on income, wealth, etc. (received) 164.8 196.5 224.5 261.3 300.2 321.9 357.8 345.4 348.8 377.9 18

19 Plus: Social benefits (received) 88.1 99.8 111.1 128.7 149.8 163.6 193.0 206.0 223.1 254.1 19

20 Less: Social contributions (paid) 134.3 145.6 154.7 165.2 185.8 223.2 254.4 285.4 306.7 312.9 20

21 Plus: Other current transfers (received) 1.1 1.2 1.6 2.2 2.5 3.1 3.1 4.4 5.2 6.3 21

22 Less: Other current transfers (paid) 49.8 53.6 59.0 68.5 69.8 77.0 76.1 74.4 76.9 83.6 22

23 Equals: Disposable income, net 35.9 59.2 77.7 102.1 131.5 115.9 145.5 91.0 72.8 99.7 23

24 Less: Final consumption expenditures 132.9 139.0 149.6 162.0 176.0 202.1 231.3 255.7 277.9 292.0 24

25 Equals: Net saving -97.0 -79.9 -71.9 -59.8 -44.5 -86.3 -85.8 -164.6 -205.0 -192.3 25

 Capital account

26 Net saving less capital transfers -101.8 -84.9 -75.9 -66.6 -53.5 -96.5 -94.7 -171.8 -214.8 -204.2 26

27 Net saving -97.0 -79.9 -71.9 -59.8 -44.5 -86.3 -85.8 -164.6 -205.0 -192.3 27

28 Less: Capital transfers paid (net) 4.8 5.0 4.0 6.8 9.0 10.2 8.8 7.2 9.8 11.8 28

29 Capital formation, net 1.6 1.7 4.0 6.6 7.1 8.3 9.6 13.6 18.4 25.2 29

 Gross fixed capital formation (acquisition of

30 produced nonfinancial assets) 39.8 44.7 49.2 54.7 61.7 70.3 80.4 90.0 102.3 115.6 30

31 Less: Consumption of fixed capital 37.8 40.6 43.7 47.5 51.8 57.9 65.3 72.7 79.0 86.4 31

32 Acquisition of nonproduced nonfinancial assets -0.4 -2.4 -1.4 -0.6 -2.8 -4.1 -5.5 -3.7 -4.9 -4.0 32

33 Net lending (+) or borrowing (-), capital account (lines 26-29) -103.4 -86.6 -80.0 -73.2 -60.7 -104.8 -104.3 -185.4 -233.2 -229.4 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) -103.4 -86.6 -80.0 -73.2 -60.7 -104.8 -104.3 -185.4 -233.2 -229.4 34

35 Net acquisition of financial assets 16.9 22.1 9.0 24.7 22.5 25.4 20.4 22.2 13.7 30.5 35

36 Monetary gold and SDRs 0.1 0.1 0.1 -1.3 1.4 0.0 1.7 1.4 0.1 1.0 36

37 Monetary gold 0.1 0.0 0.0 -0.0 0.2 0.0 -0.1 0.0 0.0 0.0 37

38 SDR holdings 0.1 0.1 0.1 -1.2 1.1 0.0 1.8 1.4 0.1 1.0 38

39 Currency and deposits 3.4 6.2 -0.1 2.8 -0.7 1.9 3.0 10.3 -5.9 7.8 39

40 Official foreign currencies 0.2 0.1 -0.1 2.3 -0.1 3.2 0.4 0.5 -1.7 0.6 40

41 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 41

42 Currency and transferable deposits 2.7 3.9 -0.4 4.5 -0.8 -2.5 0.4 6.4 -8.3 5.3 42

43 Time and savings deposits 0.1 0.2 0.1 0.1 0.1 -0.2 -0.1 0.5 -0.5 0.5 43

44 Nonofficial foreign currencies 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 44

45 Debt securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 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 46

47 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Loans 13.4 8.0 10.0 17.1 19.0 23.7 24.0 15.9 9.7 17.1 48

49 Short term 6.9 7.5 5.8 12.8 12.4 16.2 19.1 13.6 8.4 16.6 49

50 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Other loans and advances 6.9 7.5 5.8 12.8 12.4 16.2 19.1 13.6 8.4 16.6 51

52 Long term (mortgages) 6.5 0.4 4.2 4.2 6.6 7.5 4.9 2.4 1.2 0.5 52

53 Equity and investment fund shares 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 53

54 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Equity in international organizations 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 55

56 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

58 Other accounts receivable -0.7 6.7 -1.8 5.5 2.0 -1.0 -9.4 -6.7 9.1 3.6 58

59 Trade receivables 1.2 0.5 -0.8 2.7 2.4 3.8 2.5 4.8 3.8 5.1 59

60 Taxes receivable -1.9 6.3 -1.0 2.7 -0.4 -4.8 -12.0 -11.5 5.4 -1.5 60

61 Other (miscellaneous assets) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 61

62 Net incurrence of liabilities 121.2 110.5 95.9 99.7 83.6 125.5 136.7 217.7 244.6 267.6 62

63 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 63

64 Currency and deposits 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 64

65 Debt securities 89.5 74.6 63.1 59.7 44.4 87.1 96.4 174.8 199.8 215.8 65

66 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 66

67 Treasury securities including savings bonds 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 67

68 Federal agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 68

69 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 69

70 Loans (mortgages) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 70

71 Insurance, pension and standardized guarantee schemes 31.0 29.5 30.4 35.6 36.1 36.4 37.3 37.7 37.4 39.4 71

72 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 72

73 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 73

74 Claims of pension fund on sponsor 28.7 28.9 29.8 34.9 35.6 35.8 36.7 36.9 36.4 38.3 74

75 Other accounts payable -0.1 6.0 2.3 4.1 0.9 0.4 1.6 4.9 7.0 12.0 75

76 Trade payables 0.7 5.1 3.2 4.4 2.2 2.3 0.5 4.8 5.0 7.1 76

77 Other (miscellaneous liabilities) -0.7 0.9 -0.9 -0.3 -1.3 -1.9 1.0 0.2 2.0 4.9 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-62) -104.4 -88.5 -86.9 -75.1 -61.0 -100.1 -116.4 -195.5 -230.9 -237.1 78

 Other changes in volume account

79 Total other volume changes -5.2 0.1 -3.7 0.1 6.5 10.2 -2.6 4.3 6.9 12.0 79

80 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 80

81 Other volume changes -4.3 1.9 3.2 1.9 6.8 5.5 9.5 14.4 4.6 19.7 81

82 Less: Statistical discrepancy (lines 33-[35-62]) (2) 0.9 1.8 6.9 1.8 0.3 -4.6 12.1 10.1 -2.3 7.7 82

 Revaluation account

83 Nonfinancial assets 30.4 41.8 31.2 45.5 70.5 76.7 60.4 41.1 33.9 29.1 83

84 Structures 10.7 23.3 8.3 26.0 45.6 40.8 20.9 14.7 8.2 16.7 84

85 Equipment 11.7 10.9 14.0 8.5 9.0 16.0 19.1 11.6 12.7 1.4 85

86 Intellectual property products 8.0 7.6 8.9 11.0 15.9 19.9 20.4 14.7 13.0 11.0 86

87 Financial assets -0.3 -2.6 0.3 0.5 -0.1 0.9 -0.6 -0.6 -0.8 -1.3 87

88 Monetary gold and SDRs -0.2 -0.0 0.1 0.2 -0.2 -0.1 -0.2 -0.2 -0.3 -0.4 88

89 Currency and deposits -0.1 -2.6 0.2 0.3 0.0 1.1 -0.4 -0.4 -0.5 -0.9 89

90 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 90

91 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 91

92 Liabilities -0.1 -0.0 0.1 0.2 0.0 -0.2 -0.5 -0.3 -0.3 -0.3 92

93 SDR allocations -0.1 -0.0 0.1 0.2 0.0 -0.2 -0.5 -0.3 -0.3 -0.3 93

94 Changes in net worth due to nominal holding gains/losses 30.3 39.3 31.4 45.8 70.4 77.8 60.4 40.8 33.3 28.2 94

 Changes in balance sheet account

95 Change in net worth (lines 29+33+79+94) -76.8 -45.5 -48.2 -20.7 23.3 -8.5 -36.9 -126.7 -174.6 -164.0 95

 Balance sheet account (end of period)

96 Total assets 685.1 749.2 795.6 874.6 982.1 1100.0 1197.2 1287.1 1353.7 1449.0 96

97 Nonfinancial assets (3) 564.1 610.2 647.0 699.9 780.5 869.6 945.3 1003.7 1061.0 1119.4 97

98 Structures 288.1 312.6 322.3 350.7 398.2 441.5 465.0 481.6 492.4 511.9 98

99 Equipment 131.8 142.8 157.3 166.2 177.9 197.6 222.2 241.9 266.5 283.3 99

100 Intellectual property products 144.2 154.8 167.4 182.9 204.4 230.5 258.1 280.2 302.1 324.2 100

101 Financial assets 121.0 139.1 148.7 174.8 201.6 230.4 252.0 283.3 292.7 329.6 101

102 Monetary gold and SDRs 2.3 2.4 2.6 1.6 2.7 2.6 4.1 5.3 5.0 5.6 102

103 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103

104 SDR holdings 2.3 2.4 2.6 1.6 2.7 2.6 4.1 5.3 5.0 5.6 104
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

105 Currency and deposits 17.5 21.2 21.3 24.4 23.7 26.8 29.3 39.3 32.9 39.8 105

106 Official foreign currencies 0.0 0.2 0.0 2.8 1.3 5.0 4.6 4.4 2.6 3.1 106

107 Reserve position in IMF (net) 2.2 4.5 5.0 1.1 1.3 2.9 5.1 7.4 11.4 11.6 107

108 Currency and transferable deposits 11.2 15.0 14.6 18.7 19.2 16.2 17.4 24.5 16.4 21.8 108

109 Time and savings deposits 0.6 0.7 0.9 0.9 1.0 0.8 0.7 1.1 0.7 1.2 109

110 Nonofficial foreign currencies 3.6 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 110

111 Debt securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 111

112 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112

113 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 113

114 Loans 85.5 93.7 103.6 120.6 141.4 165.5 189.9 205.8 215.3 232.6 114

115 Short term 66.4 74.1 79.8 92.6 106.8 123.4 142.9 156.4 164.7 181.2 115

116 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 116

117 Other loans and advances 66.4 74.1 79.8 92.6 106.8 123.4 142.9 156.4 164.7 181.2 117

118 Long term (mortgages) 19.1 19.6 23.7 28.0 34.6 42.1 47.0 49.4 50.6 51.5 118

119 Equity and investment fund shares 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 119

120 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 120

121 Equity in international organizations 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 121

122 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122

123 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123

124 Other accounts receivable 11.5 16.6 15.2 21.7 26.3 27.3 19.4 22.4 28.3 39.2 124

125 Trade receivables 6.5 6.9 6.2 8.9 11.3 15.1 17.6 22.4 26.2 31.3 125

126 Taxes receivable 5.0 9.6 9.0 12.7 14.9 12.2 1.7 0.0 2.1 7.9 126

127 Other (miscellaneous assets) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 127

128 Total liabilities and net worth 685.1 749.2 795.6 874.6 982.1 1100.0 1197.2 1287.1 1353.7 1449.0 128

129 Liabilities 931.6 1041.2 1135.8 1235.5 1319.7 1446.1 1580.2 1796.8 2038.1 2297.3 129

130 SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 130

131 Currency and deposits 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 131

132 Debt securities 485.4 559.9 623.0 682.6 727.1 814.2 910.5 1085.3 1285.2 1500.9 132

133 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 133

134 Treasury securities including savings bonds 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 134

135 Federal agency securities 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 135

136 Nonmarketable securities held by pension plans 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 136

137 Loans (mortgages) 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 137

138 Insurance, pension and standardized guarantee schemes 421.4 450.4 479.2 514.2 549.5 585.1 621.4 658.5 694.8 731.0 138

139 Insurance reserves 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 139

140 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 140

141 Claims of pension fund on sponsor 411.2 439.7 467.7 502.0 536.9 571.9 607.6 643.8 679.2 714.3 141

142 Other accounts payable 12.9 18.6 21.1 25.5 27.8 30.1 30.6 35.4 40.4 47.5 142

143 Trade payables 11.8 17.9 21.1 25.5 27.8 30.1 30.6 35.4 40.4 47.5 143

144 Other (miscellaneous liabilities) 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 144

145 Net worth -246.5 -292.0 -340.2 -360.9 -337.6 -346.1 -383.0 -509.7 -684.3 -848.3 145

Note. The Federal government accounts exclude Federal employee retirement funds

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.

IMF International Monetary Fund

SDRs Special Drawing Rights
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Current account

 1 Gross value added 153.9 165.0 178.7 195.7 214.8 237.6 259.5 281.6 302.1 325.1 1

 2 Less: Consumption of fixed capital 21.0 22.1 23.5 25.5 28.6 33.1 37.8 41.3 42.8 44.4 2

 3 Equals: Net value added 133.0 142.9 155.2 170.2 186.2 204.4 221.7 240.3 259.3 280.7 3

 4 Compensation of employees (paid) 132.9 142.7 155.1 170.2 186.7 205.8 224.2 242.0 259.6 279.3 4

 5 Wages and salaries 111.8 121.1 130.8 142.5 155.1 171.3 185.2 199.1 211.7 227.0 5

 6 Employers’ social contributions 21.1 21.6 24.3 27.7 31.6 34.5 39.1 42.9 47.9 52.4 6

 7 Operating surplus, net 0.1 0.2 0.1 0.0 -0.5 -1.4 -2.6 -1.7 -0.4 1.3 7

 8 Net national income/Balance of primary incomes, net 107.6 117.9 129.3 139.1 150.2 165.6 185.4 200.4 220.0 247.9 8

 9 Operating surplus, net 0.1 0.2 0.1 0.0 -0.5 -1.4 -2.6 -1.7 -0.4 1.3 9

10 Taxes on production and imports, receivable 113.2 125.0 136.9 145.6 154.4 166.7 185.7 200.0 218.9 242.5 10

11 Subsidies (paid) -0.2 -0.2 -0.2 -0.2 -0.3 -0.4 -0.4 -0.5 -0.4 -0.4 11

12 Property income (received) 11.2 10.4 11.7 14.7 20.1 26.3 32.0 36.7 41.4 47.7 12

13 Interest 9.8 9.0 10.4 13.3 18.1 23.1 28.5 33.1 37.0 42.6 13

14 Distributed income of corporations (dividends) 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.2 14

15 Rents on land and natural resources 1.3 1.3 1.3 1.3 1.9 3.1 3.3 3.5 4.3 4.9 15

16 Less: Uses of property income (interest paid) 16.7 17.6 19.2 21.0 23.5 25.6 29.3 34.2 39.5 43.2 16

17 Net national income/Balance of primary incomes, net 107.6 117.9 129.3 139.1 150.2 165.6 185.4 200.4 220.0 247.9 17

18 Plus: Current taxes on income, wealth, etc. (received) 34.2 40.7 46.8 52.6 57.6 63.4 70.1 73.2 82.0 94.8 18

19 Plus: Social benefits (received) 1.8 2.2 2.8 3.4 3.9 3.6 3.9 4.0 4.1 4.7 19

20 Less: Social contributions (paid) 30.8 34.1 37.0 40.8 44.3 51.2 57.1 61.2 66.9 71.2 20

21 Plus: Other current transfers (received) 47.2 53.3 59.6 69.0 70.3 76.9 78.0 75.9 78.7 84.7 21

22 Equals: Disposable income, net 160.0 180.0 201.4 223.3 237.6 258.2 280.2 292.3 318.0 360.9 22

23 Less: Final consumption expenditures 165.6 177.2 193.0 209.9 229.4 252.8 276.1 297.4 316.7 340.0 23

24 Equals: Net saving -5.6 2.8 8.4 13.4 8.2 5.4 4.1 -5.1 1.3 20.9 24

 Capital account

25 Net saving less capital transfers 5.4 14.8 21.5 27.2 24.4 24.0 21.9 11.8 19.2 41.0 25

26 Net saving -5.6 2.8 8.4 13.4 8.2 5.4 4.1 -5.1 1.3 20.9 26

27 Less: Capital transfers paid (net) -11.0 -12.0 -13.1 -13.7 -16.2 -18.6 -17.8 -16.9 -18.0 -20.1 27

28 Capital formation, net 25.5 24.6 22.0 27.1 31.7 34.7 31.3 28.0 28.3 35.7 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 44.6 44.9 44.0 50.8 58.4 65.7 66.9 67.0 68.8 77.6 29

30 Less: Consumption of fixed capital 21.0 22.1 23.5 25.5 28.6 33.1 37.8 41.3 42.8 44.4 30

31 Acquisition of nonproduced nonfinancial assets 1.9 1.7 1.6 1.8 2.0 2.2 2.2 2.2 2.2 2.6 31

32 Net lending (+) or borrowing (-), capital account (lines 25-28) -20.1 -9.7 -0.5 0.0 -7.3 -10.8 -9.4 -16.1 -9.0 5.3 32

 Financial account

33 Net lending (+) or borrowing (-) (line 32) -20.1 -9.7 -0.5 0.0 -7.3 -10.8 -9.4 -16.1 -9.0 5.3 33

34 Net acquisition of financial assets 8.3 22.9 40.1 53.0 41.6 26.6 30.1 32.1 46.3 67.8 34

35 Currency and deposits -1.1 1.2 7.8 7.1 -2.5 -2.6 0.8 2.3 -6.9 5.3 35

36 Currency and transferable deposits 0.5 -1.0 1.1 -0.0 -0.4 -0.6 -1.5 -1.6 -0.7 5.0 36

37 Time and savings deposits -1.6 2.1 6.7 7.1 -2.1 -2.0 2.2 3.8 -6.3 0.2 37

38 Debt securities 5.8 17.0 28.0 34.4 21.2 8.4 24.5 19.3 24.4 26.3 38

39 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Treasury securities 1.3 12.5 21.1 22.3 1.8 7.9 15.0 18.0 23.0 16.8 40

41 Agency- and GSE-backed securities (1) 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 41

42 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 42

43 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 43

44 Loans 0.8 1.5 0.5 6.6 16.1 15.0 4.3 7.7 24.5 30.7 44

45 Short term -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 45

46 Long term (mortgages) 1.6 1.3 0.6 2.5 6.5 9.8 7.7 5.2 7.9 10.2 46

47 Equity and investment fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

49 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

50 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Other accounts receivable 2.9 3.3 3.9 4.8 6.8 5.7 0.5 2.9 4.3 5.5 51

52 Trade receivables 1.4 1.7 2.3 3.3 3.9 2.8 2.3 1.3 1.5 3.1 52

53 Taxes receivable 1.6 1.4 1.7 1.4 2.8 3.0 -1.9 1.5 2.7 1.0 53

54 Other (miscellaneous assets) -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 54
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

55 Net incurrence of liabilities 25.4 31.0 32.0 49.1 43.8 31.3 36.7 52.4 60.5 53.8 55

56 Debt securities (municipals) 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 56

57 Short term -0.3 -4.1 -2.9 0.6 1.0 1.7 1.1 6.7 -1.5 -3.7 57

58 Other 11.2 20.5 22.6 40.4 25.4 19.6 25.2 34.0 47.7 48.4 58

59 Loans (short term) 0.2 2.0 0.2 -1.6 0.2 0.9 1.2 1.0 1.1 7.7 59

60 Insurance, pension and standardized guarantee schemes 10.5 8.5 7.9 4.9 11.9 3.2 2.8 4.0 6.1 -6.6 60

 (Claim of pension funds on sponsor)

61 Other accounts payable (trade payables) 3.8 4.0 4.2 4.7 5.3 5.9 6.3 6.7 7.1 7.8 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 34-55) -17.1 -8.1 8.1 3.9 -2.3 -4.7 -6.6 -20.3 -14.3 14.0 62

 Other changes in volume account

63 Total other volume changes 6.0 27.4 8.9 5.3 3.7 21.1 -4.2 -4.3 11.3 11.2 63

64 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 64

65 Other volume changes 2.9 25.7 0.2 1.4 -1.4 15.0 -7.0 -0.1 16.5 2.4 65

66 Less: Statistical discrepancy (lines 32-[34-55]) (2) -3.0 -1.6 -8.6 -3.9 -5.0 -6.1 -2.8 4.2 5.3 -8.7 66

 Revaluation account

67 Nonfinancial assets 18.0 18.4 46.1 78.0 140.2 176.2 134.6 67.3 -2.4 28.7 67

68 Structures 15.9 16.6 43.9 75.1 136.9 171.5 130.4 64.9 -4.0 27.4 68

69 Equipment 1.9 1.5 1.9 2.5 2.7 3.8 3.4 1.7 1.0 0.7 69

70 Intellectual property products 0.2 0.2 0.3 0.4 0.7 0.9 0.8 0.7 0.6 0.6 70

71 Equity and investment fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 71

72 Changes in net worth due to nominal holding gains/losses 18.0 18.4 46.1 78.0 140.2 176.2 134.6 67.3 -2.4 28.7 72

 Changes in balance sheet account

73 Change in net worth (lines 28+32+63+72) 29.4 60.6 76.5 110.4 168.3 221.2 152.3 74.9 28.1 80.9 73

 Balance sheet account (end of period)

74 Total assets 1064.5 1128.6 1235.3 1391.6 1603.1 1838.5 2032.3 2157.5 2227.5 2357.1 74

75 Nonfinancial assets (3) 918.2 959.4 1026.0 1129.3 1299.2 1508.0 1671.8 1764.8 1788.5 1850.4 75

76 Structures 887.4 925.4 988.6 1087.4 1252.0 1453.9 1611.4 1699.9 1718.6 1774.6 76

77 Equipment 25.5 28.1 30.9 34.5 38.6 44.1 48.8 52.1 55.5 59.9 77

78 Intellectual property products 5.3 5.8 6.5 7.4 8.6 10.0 11.5 12.9 14.3 15.9 78

79 Financial assets 146.4 169.2 209.4 262.3 303.9 330.5 360.6 392.7 439.0 506.7 79

80 Currency and deposits 60.3 61.5 69.2 76.3 73.8 71.3 72.0 74.3 67.4 72.6 80

81 Currency and transferable deposits 13.4 12.4 13.5 13.4 13.0 12.4 11.0 9.4 8.7 13.8 81

82 Time and savings deposits 46.9 49.1 55.8 62.9 60.8 58.8 61.1 64.9 58.6 58.9 82

83 Debt securities 51.0 67.9 96.0 130.4 151.6 160.0 184.5 203.8 228.2 254.6 83

84 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 84

85 Treasury securities 27.8 40.2 61.4 83.7 85.5 93.3 108.3 126.3 149.2 166.0 85

86 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 86

87 Municipal securities 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 87

88 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 88

89 Loans 10.7 12.2 12.6 19.3 35.4 50.4 54.7 62.4 86.8 117.5 89

90 Short term -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 90

91 Long term (mortgages) 12.8 14.1 14.6 17.1 23.6 33.4 41.0 46.3 54.2 64.4 91

92 Equity and investment fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92

93 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 94

95 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 95

96 Other accounts receivable 24.4 27.7 31.5 36.3 43.1 48.8 49.3 52.2 56.5 62.0 96

97 Trade receivables 15.2 16.9 19.3 22.6 26.5 29.2 31.6 32.9 34.4 37.5 97

98 Taxes receivable 9.2 10.6 12.3 13.6 16.5 19.5 17.6 19.1 21.8 22.8 98

99 Other (miscellaneous assets) 0.1 0.1 -0.0 0.1 0.2 0.1 0.2 0.2 0.3 1.7 99

100 Total liabilities and net worth 1064.5 1128.6 1235.3 1391.6 1603.1 1838.5 2032.3 2157.5 2227.5 2357.1 100

101 Liabilities 349.5 353.0 383.2 429.1 472.3 486.5 528.0 578.3 620.1 668.9 101
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

102 Debt securities (municipals) 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 102

103 Short term 18.6 14.5 11.6 12.2 13.1 14.9 16.0 22.7 21.3 17.6 103

104 Other 195.0 215.5 236.6 277.0 302.4 322.0 347.2 381.2 429.0 477.4 104

105 Loans (short term) 5.8 7.8 8.0 6.5 6.7 7.6 8.8 9.8 10.9 18.6 105

106 Insurance, pension and standardized guarantee schemes 92.7 73.8 81.5 83.2 94.5 80.6 88.2 90.0 77.4 65.8 106

 (Claim of pension funds on sponsor)

107 Other accounts payable (trade payables) 37.4 41.4 45.6 50.3 55.6 61.5 67.8 74.5 81.6 89.4 107

108 Net worth 715.0 775.6 852.1 962.5 1130.8 1352.1 1504.3 1579.2 1607.4 1688.3 108

Note. The state and local government accounts exclude state and local employee retirement funds

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.
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S.9.a Rest of the World 

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Current account

 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 of goods and services 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 Less: 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 of goods and services 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 Equals: Net saving (current external balance) -19.8 -7.1 10.9 12.6 1.2 -8.5 -3.4 3.3 35.1 90.1 8

 Capital account

 9 Net saving -19.8 -7.1 10.9 12.6 1.2 -8.5 -3.4 3.3 35.1 90.1 9

10 Less: Net capital transfers -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 10

11 Less: Acquisition of 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 borrowing (-), capital account (lines 9-10-11) -19.8 -7.0 11.0 12.7 1.3 -8.4 -3.2 3.4 35.2 90.2 12

 Financial account

13 Net lending (+) or borrowing (-) (line 12) -19.8 -7.0 11.0 12.7 1.3 -8.4 -3.2 3.4 35.2 90.2 13

14 Net acquisition of U.S. financial assets 7.0 27.4 42.7 59.8 35.1 34.7 20.3 41.5 62.8 103.3 14

15 Monetary gold and SDRs 0.0 0.0 -0.1 -0.1 1.1 1.2 1.2 0.0 0.0 0.0 15

16 Monetary gold 0.0 0.0 -0.1 -0.1 -0.1 0.0 0.1 0.0 0.0 0.0 16

17 SDR allocations 0.0 0.0 0.0 0.0 1.1 1.2 1.1 0.0 0.0 0.0 17

18 Currency and deposits -7.5 -3.2 2.6 9.9 27.4 -20.7 -27.7 7.9 22.0 12.6 18

19 Currency 1.2 1.3 1.5 2.2 1.7 2.8 1.6 2.5 4.1 2.4 19

20 Transferable deposits -0.3 3.2 2.4 -0.2 4.2 0.0 -3.8 -3.7 1.6 2.1 20

21 Time deposits 1.5 -1.9 -0.4 2.5 1.2 1.0 2.3 10.4 1.0 4.7 21

22 Net interbank items due from U.S. banks -9.9 -5.9 -0.8 5.4 20.3 -24.5 -27.7 -1.3 15.3 3.4 22

23 Debt securities 8.4 14.2 38.0 29.4 -13.0 25.0 19.1 26.1 22.8 45.8 23

24 Open market paper 0.5 0.3 0.4 0.5 1.9 0.9 -1.3 -1.7 0.8 1.2 24

25 Treasury securities 7.2 12.1 30.8 25.7 -18.4 12.4 7.9 12.8 15.7 27.7 25

26 Agency- and GSE-backed securities (1) -0.1 0.6 2.7 1.3 0.5 2.5 1.6 -0.4 -0.0 1.2 26

27 Municipal securities 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 27

28 Corporate bonds 0.8 1.2 4.0 1.8 2.7 9.0 10.7 15.2 6.2 15.6 28

29 Loans (short term) 0.1 0.1 0.1 2.4 3.7 1.9 10.9 6.3 6.4 22.9 29

30 Security repurchases (net) -0.1 -0.1 -0.1 2.1 1.7 0.3 0.0 1.6 0.7 0.1 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 Security credit 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Equity and investment fund shares 5.7 5.2 5.1 9.2 12.9 21.2 30.0 16.3 15.4 21.1 33

34 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Corporate equities 3.1 0.9 1.3 1.3 1.0 4.2 4.8 3.7 5.0 -3.4 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 Foreign direct investment in the United States 2.6 4.3 3.7 7.9 11.9 16.9 25.2 12.6 10.4 24.5 37

38 Other accounts receivable 0.3 11.1 -2.9 9.0 3.0 6.2 -13.2 -15.1 -3.7 0.9 38

39 Trade receivables 1.8 4.0 1.9 4.1 1.3 8.8 -2.0 0.6 -1.1 0.8 39

40 Other (miscellaneous assets) -1.5 7.1 -4.8 4.9 1.7 -2.6 -11.2 -15.7 -2.7 0.1 40

41 Net incurrence of liabilities 29.8 40.8 24.7 54.7 60.4 59.6 48.8 74.3 41.8 27.7 41

42 SDR holdings 0.1 0.1 0.1 -1.2 1.1 0.0 1.8 1.4 0.1 1.0 42

43 Currency and deposits 1.6 4.0 1.4 3.0 9.7 12.4 13.6 6.0 7.6 1.6 43

44 Official foreign currencies 0.3 0.3 -0.2 4.7 -0.3 6.5 0.9 1.0 -3.3 1.2 44

45 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 45

46 U.S. private deposits 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 46

47 Nonofficial foreign currencies 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 47

48 Debt securities 7.5 9.3 5.6 5.0 5.4 3.6 9.4 8.5 9.6 10.0 48

49 Commercial paper 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 49

50 Bonds 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 50

51 Loans (short term) 6.7 11.2 7.9 19.0 9.6 20.6 14.2 7.5 7.8 -1.6 51

52 Other loans and advances 2.7 4.5 4.8 0.7 6.5 8.8 11.1 13.0 4.1 5.0 52

53 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 53

54 Security debt 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Nonoff. foreign currencies (swap lines) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55
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1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

56 Equity and investment fund shares 14.0 13.5 13.1 15.0 27.9 28.1 22.9 23.0 25.5 22.9 56

57 Corporate equities -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 57

58 U.S. government equity in IBRD, etc. 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 58

59 U.S. direct investment abroad 14.2 11.9 11.8 15.7 26.8 22.9 15.5 18.2 18.0 20.3 59

60 Investment by holding companies 0.0 0.1 0.1 -1.0 -0.8 2.1 6.1 2.2 3.1 0.6 60

61 Other accounts payable -0.1 2.7 -3.4 13.9 6.8 -5.1 -13.0 28.0 -8.7 -6.1 61

62 Trade payables 0.7 0.3 0.5 0.0 2.2 5.4 -1.1 -5.2 -1.1 -0.6 62

63 Other (miscellaneous liabilities) -0.8 2.4 -3.9 13.9 4.6 -10.5 -11.9 33.2 -7.6 -5.5 63

 Addendum:

64 Net lending, financial account (lines 14-41) -22.8 -13.4 18.0 5.1 -25.4 -24.9 -28.5 -32.8 21.0 75.7 64

 Other changes in volume account

65 Total other volume changes -2.7 -33.1 6.5 -5.5 -27.5 -10.5 -28.9 -33.7 21.0 -15.4 65

66 Other volume changes 0.4 -26.8 -0.5 2.1 -0.8 6.0 -3.7 2.5 35.1 -0.8 66

67 Less: Statistical discrepancy (lines 12-[14-41]) (2) 3.1 6.4 -7.0 7.6 26.6 16.5 25.2 36.2 14.1 14.5 67

 Revaluation account

68 Financial assets 6.3 27.4 -1.3 3.9 13.4 30.0 4.2 29.4 9.3 14.3 68

69 SDR allocations -0.1 -0.0 0.1 0.2 0.0 -0.2 -0.5 -0.3 -0.3 -0.3 69

70 Debt securities 0.0 -3.3 -2.1 -3.8 -0.6 -6.6 -2.7 12.1 -5.2 8.4 70

71 Treasury securities 0.0 -0.0 0.3 -1.5 1.4 -0.9 0.1 2.4 -2.8 9.0 71

72 Agency- and GSE-backed securities 0.0 -1.2 -0.0 -0.8 0.2 0.1 0.3 0.9 0.3 -0.4 72

73 Corporate bonds 0.0 -2.0 -2.4 -1.5 -2.2 -5.8 -3.1 8.8 -2.7 -0.2 73

74 Equity and investment fund shares 6.4 30.7 0.7 7.5 13.9 36.8 7.5 17.6 14.7 6.2 74

75 Corporate equities 6.4 12.7 -3.5 1.9 6.2 15.2 -4.8 10.0 16.2 0.8 75

76 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 76

77 Foreign direct investment in the United States 0.0 18.0 4.2 5.7 7.7 21.6 12.3 7.6 -1.5 5.4 77

78 Liabilities 1.0 57.3 14.2 29.9 24.8 35.5 2.3 -24.9 56.7 -27.2 78

79 SDR holdings -0.1 -0.0 0.1 0.2 0.0 -0.1 -0.3 -0.2 -0.3 -0.4 79

80 Currency and deposits -0.3 -2.6 0.1 5.9 -0.3 0.9 -1.6 4.7 84.5 -2.3 80

81 Official foreign currencies -0.2 -0.0 -0.1 -0.3 -0.3 -0.1 -1.2 -0.6 -0.6 -0.8 81

82 Reserve position in IMF (net) -0.1 0.0 0.2 0.3 0.0 -0.1 -0.3 -0.3 -0.5 -0.8 82

83 U.S. private deposits 0.0 0.0 0.0 5.9 0.0 0.0 0.0 5.7 85.6 -0.7 83

84 Nonofficial foreign currencies 0.0 -2.6 -0.0 -0.0 0.0 1.1 -0.1 -0.1 -0.0 -0.1 84

85 Debt securities (corporate bonds) 0.0 -0.4 -0.4 -1.2 -3.9 0.4 -3.3 4.3 -1.1 0.4 85

86 Equity and investment fund shares 1.5 60.3 14.4 25.0 28.9 34.3 7.6 -33.7 -26.4 -25.0 86

87 Corporate equities 1.5 -0.5 0.2 1.5 2.5 1.8 -2.7 -0.4 5.0 -1.1 87

88 U.S. direct investment abroad 0.0 60.8 14.2 23.5 26.2 32.5 10.2 -33.3 -31.4 -23.9 88

89 Changes in net worth due to nominal holding gains/losses 5.3 -29.9 -15.5 -26.0 -11.4 -5.4 2.0 54.3 -47.4 41.5 89

 Changes in balance sheet account

90 Change in net worth (lines 12+65+89) -17.2 -70.1 1.9 -18.8 -37.6 -24.3 -30.2 24.0 8.8 116.4 90

 Financial balance sheet account (end of period) (3)

91 Total financial assets 205.7 261.9 302.8 370.8 418.0 488.9 520.9 584.6 690.8 807.2 91

92 SDR allocations 2.7 2.7 2.8 3.0 4.2 5.2 5.7 5.4 5.1 4.8 92

93 Currency and deposits 40.2 37.0 40.3 50.2 77.4 56.7 24.2 28.9 36.1 48.7 93

94 Currency 9.9 11.3 12.7 14.9 16.6 19.4 21.0 23.4 27.5 29.9 94

95 Transferable deposits 13.7 16.9 19.3 19.0 23.4 23.5 19.7 16.0 17.6 19.7 95

96 Time deposits 22.6 20.7 21.0 23.5 25.9 26.9 29.2 39.5 25.8 30.5 96

97 Net interbank items due from U.S. banks -6.0 -11.8 -12.7 -7.2 11.4 -13.1 -45.6 -50.1 -34.8 -31.4 97

98 Debt securities 88.0 98.9 134.8 160.4 146.8 165.2 181.6 219.8 237.4 291.7 98

99 Open market paper 5.3 5.6 6.0 6.5 8.4 9.3 8.0 6.3 7.1 8.3 99

100 Treasury securities 65.5 77.6 108.7 132.9 116.0 127.4 135.5 150.7 163.6 200.3 100

101 Agency- and GSE-backed securities (1) 2.7 2.0 4.7 5.2 5.9 8.5 10.3 10.9 11.2 12.0 101

102 Municipal securities 0.0 0.0 0.1 0.2 0.3 0.5 0.6 0.7 0.9 1.0 102

103 Corporate bonds 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 103
Inte

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144 Historical Annuals, 1975-1984,

S.9.a Rest of the World 

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

104 Loans (short term) 1.1 0.9 0.9 3.3 7.0 8.9 19.8 26.1 32.5 55.4 104

105 Security repurchases (net) 0.5 0.4 0.3 2.4 4.1 4.4 4.4 6.0 6.7 6.8 105

106 Loans to U.S. corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 106

107 Security credit 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 107

108 Equity and investment fund shares 58.6 94.5 100.2 117.0 143.8 201.8 239.3 273.2 303.3 330.6 108

109 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 109

110 Corporate equities 33.4 47.0 44.8 48.0 55.3 74.7 74.7 88.3 109.6 107.0 110

111 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 111

112 Foreign direct investment in the United States 25.2 47.5 55.4 69.0 88.6 127.1 164.6 184.8 193.7 223.5 112

113 Other accounts receivable 15.1 28.0 23.7 36.9 38.8 51.2 50.3 31.2 76.3 75.9 113

114 Trade receivables 13.8 18.9 20.8 24.9 26.2 35.0 33.1 33.6 32.6 33.4 114

115 Other (miscellaneous assets) 1.2 9.1 3.0 12.0 12.6 16.2 17.3 -2.4 43.7 42.6 115

116 Total liabilities and net worth 205.7 261.9 302.8 370.8 418.0 488.9 520.9 584.6 690.8 807.2 116

117 Total liabilities 261.3 387.7 426.6 513.4 598.2 693.4 755.6 795.4 892.7 892.7 117

118 SDR holdings 2.3 2.4 2.6 1.6 2.7 2.6 4.1 5.3 5.0 5.6 118

119 Currency and deposits 11.6 13.0 14.5 23.5 32.9 46.2 58.2 68.9 161.0 160.3 119

120 Official foreign currencies 0.1 0.3 0.0 4.4 3.8 10.1 9.8 10.2 6.3 6.7 120

121 Reserve position in IMF (net) 2.2 4.4 5.0 1.0 1.3 2.9 5.1 7.3 11.3 11.5 121

122 U.S. private deposits 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 122

123 Nonofficial foreign currencies 3.6 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 123

124 Debt securities 27.1 36.0 41.2 45.0 46.5 50.5 56.5 71.7 80.1 90.5 124

125 Commercial paper 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 125

126 Bonds 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 126

127 Loans (short term) 68.5 79.7 87.5 110.6 122.0 143.0 157.5 136.5 144.0 142.3 127

128 Other loans and advances 46.6 51.3 56.0 60.7 69.0 78.2 89.7 102.7 106.6 111.5 128

129 Depository institution loans n.e.c. 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 129

130 Security debt 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 130

131 Nonoff. foreign currencies (swap lines) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 131

132 Equity and investment fund shares 166.7 240.5 268.1 308.0 364.8 427.3 457.7 447.0 446.1 444.0 132

133 Corporate equities 9.6 9.5 10.1 11.2 14.8 18.9 16.5 17.4 26.2 26.0 133

134 U.S. government equity in IBRD, etc. 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 134

135 U.S. direct investment abroad 149.5 222.3 248.3 287.5 340.6 396.1 421.8 406.6 393.2 389.5 135

136 Investment by holding companies 3.5 3.6 3.7 2.7 1.9 4.0 10.2 12.3 15.5 16.1 136

137 Other accounts payable -15.0 16.1 12.8 24.6 29.2 23.9 21.7 66.1 56.5 50.0 137

138 Trade payables 12.2 12.5 13.0 18.0 20.3 25.7 24.6 19.4 18.3 17.7 138

139 Other (miscellaneous liabilities) -27.2 3.5 -0.2 6.6 9.0 -1.8 -2.9 46.7 38.2 32.3 139

140 Net worth (external account) -55.7 -125.8 -123.8 -142.6 -180.2 -204.5 -234.7 -210.7 -201.9 -85.5 140

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes nonfinancial assets, including nonproduced nonfinancial assets.

IBRD International Bank for Reconstruction and Development

IMF International Monetary Fund

SDRs Special Drawing Rights

n.e.c. Not elsewhere classified