L

e

v

els

68 Z.1, September 18, 2014

L.100 Households and Nonprofit Organizations (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 48653.8 52946.9 53925.0 58121.8 65000.1 60145.3 60967.6 62813.0 65000.1 65777.8 67049.6 1

 2 Deposits 8098.0 8071.9 8746.6 9263.4 9630.5 9295.8 9282.3 9401.0 9630.5 9829.7 9861.0 2

 3 Foreign deposits 62.7 67.3 57.4 49.7 52.5 52.9 56.2 56.7 52.5 51.5 49.8 3

 4 Checkable deposits and currency 396.1 423.7 752.2 899.1 1035.0 925.7 908.3 896.3 1035.0 1082.6 1150.5 4

 5 Time and savings deposits 6326.0 6450.8 6822.2 7190.7 7397.8 7247.5 7255.4 7338.7 7397.8 7581.3 7588.8 5

 6 Money market fund shares 1313.1 1130.1 1114.9 1123.9 1145.2 1069.6 1062.4 1109.2 1145.2 1114.2 1072.0 6

 7 Credit market instruments 4827.7 4912.3 4374.0 4169.1 3848.8 4016.0 3936.7 3862.7 3848.8 3633.8 3535.9 7

 8 Open market paper 22.7 21.1 19.4 18.8 15.0 18.0 17.8 17.6 15.0 14.3 11.5 8

 9 Treasury securities 854.0 1126.6 707.0 929.3 949.0 955.5 1004.2 977.7 949.0 899.6 837.4 9

 10 Agency- and GSE-backed securities 357.4 335.4 300.2 152.7 97.7 95.9 106.3 94.8 97.7 1.2 3.7 10

 11 Municipal securities 1827.9 1871.5 1805.9 1661.0 1617.7 1669.0 1664.7 1640.2 1617.7 1608.7 1602.4 11

 12 Corporate and foreign bonds 1539.2 1353.1 1343.0 1233.9 1004.6 1106.0 974.7 966.6 1004.6 947.6 920.2 12

 13 Other loans and advances (2) 26.8 26.2 23.4 20.9 25.9 22.7 24.0 24.5 25.9 26.6 27.9 13

 14 Mortgages 110.9 100.1 100.8 86.9 79.8 85.1 83.1 81.3 79.8 78.1 76.3 14

 15 Consumer credit (student loans) 88.8 78.4 74.5 65.6 59.1 63.8 61.9 60.0 59.1 57.8 56.5 15

 16 Corporate equities (3) 7255.5 8679.9 8475.6 9623.9 12451.3 10590.4 10868.7 11595.5 12451.3 12622.1 13306.7 16

 17 Mutual fund shares 4104.0 4641.1 4661.8 5705.4 7152.4 6196.2 6349.8 6759.6 7152.4 7435.8 7688.3 17

 18 Security credit 701.7 725.2 726.1 757.0 815.5 743.6 794.0 791.5 815.5 866.2 870.0 18

 19 Life insurance reserves 1109.2 1137.2 1199.0 1186.1 1232.8 1194.8 1201.6 1218.3 1232.8 1248.1 1254.6 19

 20 Pension entitlements (4) 15455.1 17031.7 17444.7 18457.8 19886.1 18930.7 19085.2 19440.8 19886.1 20085.5 20406.1 20

 21 Claims of pension fund on sponsor 3212.0 3523.7 3916.2 3812.0 3127.6 3559.0 3630.4 3622.5 3127.6 3208.5 3141.0 21

 22 Funded pension entitlements 12243.1 13508.0 13528.5 14645.8 16758.5 15371.6 15454.8 15818.3 16758.5 16876.9 17265.1 22

 23 Equity in noncorporate business 6301.6 6939.4 7418.3 8086.4 9057.7 8299.8 8561.8 8842.6 9057.7 9127.6 9188.4 23

 24 Miscellaneous assets 800.9 808.2 878.8 872.7 924.9 878.2 887.5 901.1 924.9 929.1 938.7 24

 25 Total liabilities 14062.1 13781.5 13574.0 13646.1 13801.2 13596.9 13621.5 13740.4 13801.2 13786.5 13948.4 25

 26 Credit market instruments 13558.9 13229.8 13060.9 13063.5 13179.2 13008.9 13036.7 13145.1 13179.2 13180.9 13285.1 26

 27 Home mortgages (5) 10418.1 9914.2 9698.5 9497.9 9415.9 9451.9 9429.9 9442.0 9415.9 9381.8 9374.6 27

 28 Consumer credit 2552.8 2647.4 2755.9 2923.6 3097.9 2923.8 2966.4 3036.6 3097.9 3103.5 3169.0 28

 29 Municipal securities 265.4 263.2 255.5 241.0 227.8 239.4 235.7 232.4 227.8 227.6 227.0 29

 30 Depository institution loans n.e.c. (6) -15.9 61.0 11.5 62.6 92.7 56.3 64.6 92.3 92.7 123.0 166.5 30

 31 Other loans and advances 133.7 136.1 138.1 139.3 141.3 139.4 140.7 140.9 141.3 141.0 142.6 31

 32 Commercial mortgages 204.7 207.7 201.4 199.1 203.5 198.1 199.4 200.9 203.5 204.0 205.3 32

 33 Security credit 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 320.6 376.2 33

 34 Trade payables 278.2 248.8 250.0 254.0 255.0 254.3 254.5 254.8 255.0 256.0 256.9 34

 35 Deferred and unpaid life insurance premiums 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 28.9 30.2 35

(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 17), life insurance reserves (line 19) and pension entitlements (line 20).

(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.
L

e

v

els

Z.1, September 18, 2014 69

L.101 Nonfinancial Business (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 16893.8 17745.0 18250.4 19084.6 20235.0 19379.0 19642.0 19887.9 20235.0 20333.0 20695.4 1

 2 Foreign deposits 31.5 40.6 34.8 35.8 87.8 56.6 68.3 70.1 87.8 75.6 76.6 2

 3 Checkable deposits and currency 689.3 766.1 793.5 823.6 897.8 837.9 813.8 859.5 897.8 866.8 881.3 3

 4 Time and savings deposits 842.1 905.0 922.1 963.9 1022.3 963.9 983.8 1023.9 1022.3 1011.5 1034.6 4

 5 Money market fund shares 729.2 574.7 540.0 559.3 601.5 554.9 552.4 579.9 601.5 577.9 575.1 5

 6 Security repurchase agreements 7.9 12.1 12.6 9.7 8.8 9.3 8.7 12.5 8.8 11.3 13.4 6

 7 Credit market instruments 312.2 325.2 319.1 310.4 269.2 276.9 278.6 271.6 269.2 263.0 261.4 7

 8 Commercial paper 56.0 68.0 67.9 59.8 38.0 56.5 50.8 42.5 38.0 34.9 29.1 8

 9 Treasury securities 89.1 96.1 91.6 88.8 90.5 82.3 87.6 88.3 90.5 88.9 90.4 9

 10 Agency- and GSE-backed securities 14.3 16.0 14.3 13.2 9.4 6.0 7.6 7.8 9.4 10.8 13.1 10

 11 Municipal securities 32.2 29.6 28.0 29.8 18.0 20.2 20.3 20.5 18.0 16.2 16.1 11

 12 Mortgages 67.5 70.1 70.0 69.7 69.8 69.6 69.6 69.7 69.8 69.8 70.1 12

 13 Consumer credit 53.2 45.5 47.4 49.2 43.5 42.4 42.6 42.8 43.5 42.4 42.6 13

 14 Mutual fund shares 162.0 186.8 165.9 180.1 211.4 189.3 190.9 199.8 211.4 213.9 218.1 14

 15 Trade receivables 2550.8 2689.9 2779.5 2870.6 3027.4 2980.8 3072.2 3101.0 3027.4 3102.5 3190.8 15

 16 U.S. direct investment abroad 3245.1 3402.9 3759.2 4081.0 4370.0 4111.8 4199.3 4311.4 4370.0 4410.7 4490.1 16

 17 Miscellaneous assets 8323.6 8841.8 8923.8 9250.1 9738.7 9397.5 9474.1 9458.3 9738.7 9799.8 9953.9 17

 18 Total liabilities 18634.6 18902.3 19633.4 20763.8 21810.9 20998.6 21235.2 21542.9 21810.9 21940.1 22250.3 18

 19 Credit market instruments 10127.5 9955.2 10250.9 10782.8 11298.0 10857.8 11011.4 11185.9 11298.0 11466.6 11647.6 19

 20 Commercial paper 58.4 82.9 116.3 130.3 144.5 140.1 147.2 171.2 144.5 180.2 185.9 20

 21 Municipal securities 452.2 485.4 493.9 509.1 518.5 510.4 515.0 516.4 518.5 517.7 516.4 21

 22 Corporate bonds 3188.4 3367.8 3529.5 3853.9 4134.5 3930.8 3974.5 4082.0 4134.5 4205.2 4261.3 22

 23 Depository institution loans n.e.c. 1490.1 1404.6 1530.2 1680.1 1776.1 1680.9 1715.3 1732.9 1776.1 1785.7 1848.7 23

 24 Other loans and advances 1311.1 1118.9 1179.7 1217.4 1250.4 1217.1 1256.8 1247.5 1250.4 1283.3 1299.5 24

 25 Mortgages 3627.3 3495.7 3401.3 3391.9 3474.0 3378.6 3402.4 3435.9 3474.0 3494.7 3535.7 25

 26 Trade payables 1987.6 2174.2 2207.3 2289.3 2409.6 2314.1 2357.3 2391.7 2409.6 2416.2 2461.9 26

 27 Taxes payable 135.6 142.0 152.0 156.3 150.1 162.9 151.6 154.1 150.1 157.4 155.3 27

 28 Foreign direct investment in U.S. 1991.2 2134.0 2236.8 2415.5 2617.5 2447.6 2479.3 2517.0 2617.5 2570.5 2684.8 28

 29 Miscellaneous liabilities 4392.6 4496.8 4786.5 5120.0 5335.7 5216.1 5235.7 5294.2 5335.7 5329.4 5300.8 29

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
L

e

v

els

70 Z.1, September 18, 2014

L.102 Nonfinancial Corporate Business

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 13317.5 14016.8 14505.6 15265.6 16380.6 15564.8 15814.8 16048.4 16380.6 16459.1 16779.1 1

 2 Foreign deposits 31.5 40.6 34.8 35.8 87.8 56.6 68.3 70.1 87.8 75.6 76.6 2

 3 Checkable deposits and currency 154.9 234.5 264.2 279.4 357.3 296.5 272.7 318.9 357.3 323.6 332.2 3

 4 Time and savings deposits 488.8 548.7 561.9 598.8 649.5 598.3 615.8 653.7 649.5 636.9 655.8 4

 5 Money market fund shares 655.5 497.8 462.4 480.6 521.1 476.0 473.1 500.0 521.1 497.1 493.4 5

 6 Security repurchase agreements 7.9 12.1 12.6 9.7 8.8 9.3 8.7 12.5 8.8 11.3 13.4 6

 7 Credit market instruments 223.1 229.4 222.3 212.3 169.0 178.7 179.7 172.1 169.0 162.3 159.6 7

 8 Commercial paper 56.0 68.0 67.9 59.8 38.0 56.5 50.8 42.5 38.0 34.9 29.1 8

 9 Treasury securities 43.0 48.0 43.0 39.5 40.2 32.9 37.9 38.4 40.2 38.4 39.3 9

 10 Agency- and GSE-backed securities 14.3 16.0 14.3 13.2 9.4 6.0 7.6 7.8 9.4 10.8 13.1 10

 11 Municipal securities 27.1 23.9 22.3 24.0 12.1 14.5 14.5 14.6 12.1 10.3 10.1 11

 12 Mortgages 29.5 28.0 27.4 26.6 25.8 26.4 26.2 26.0 25.8 25.6 25.4 12

 13 Consumer credit 53.2 45.5 47.4 49.2 43.5 42.4 42.6 42.8 43.5 42.4 42.6 13

 14 Mutual fund shares 162.0 186.8 165.9 180.1 211.4 189.3 190.9 199.8 211.4 213.9 218.1 14

 15 Trade receivables 2054.5 2156.5 2240.3 2324.0 2469.4 2433.3 2521.3 2546.7 2469.4 2541.7 2623.8 15

 16 U.S. direct investment abroad (1) 3245.1 3402.9 3759.2 4081.0 4370.0 4111.8 4199.3 4311.4 4370.0 4410.7 4490.1 16

 17 Miscellaneous assets 6294.1 6707.4 6782.0 7063.9 7536.1 7215.0 7285.1 7263.3 7536.1 7586.0 7716.0 17

 18 Insurance receivables 307.0 318.7 328.8 336.4 329.8 333.3 333.5 332.2 329.8 330.4 333.8 18

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

 20 Investment in finance company subs. 71.2 60.7 69.1 71.7 86.4 85.7 86.9 87.1 86.4 89.2 88.6 20

 21 Other 5915.5 6327.4 6383.6 6655.3 7119.3 6795.4 6864.2 6843.5 7119.3 7165.7 7292.9 21

 22 Total liabilities 12903.6 13226.7 13878.4 14906.7 15827.8 15139.9 15337.9 15604.0 15827.8 15928.2 16165.7 22

 23 Credit market instruments 6142.1 6004.4 6264.8 6713.3 7118.0 6794.3 6910.4 7049.6 7118.0 7261.9 7374.5 23

 24 Commercial paper 58.4 82.9 116.3 130.3 144.5 140.1 147.2 171.2 144.5 180.2 185.9 24

 25 Municipal securities (2) 452.2 485.4 493.9 509.1 518.5 510.4 515.0 516.4 518.5 517.7 516.4 25

 26 Corporate bonds (1) 3188.4 3367.8 3529.5 3853.9 4134.5 3930.8 3974.5 4082.0 4134.5 4205.2 4261.3 26

 27 Depository institution loans n.e.c. 545.8 477.1 546.0 607.9 654.4 604.0 620.9 627.0 654.4 653.6 675.9 27

 28 Other loans and advances (3) 1139.0 948.1 1008.3 1036.8 1063.5 1036.9 1076.2 1066.0 1063.5 1095.5 1111.0 28

 29 Mortgages 758.3 643.0 570.7 575.3 602.5 572.0 576.5 587.0 602.5 609.9 623.8 29

 30 Trade payables 1590.1 1746.4 1771.6 1854.8 1968.2 1875.5 1917.1 1949.7 1968.2 1972.9 2015.3 30

 31 Taxes payable 35.7 42.9 51.7 54.0 44.6 60.4 48.1 49.7 44.6 51.2 47.4 31

 32 Foreign direct investment in U.S. 1986.4 2128.7 2230.7 2408.9 2610.3 2441.0 2472.7 2510.1 2610.3 2563.0 2677.3 32

 33 Miscellaneous liabilities 3149.3 3304.4 3559.6 3875.7 4086.7 3968.7 3989.7 4045.0 4086.7 4079.3 4051.3 33

 34 Pension fund contributions payable 75.4 90.8 93.8 81.4 80.9 81.8 81.8 81.6 80.9 80.7 81.1 34

 35 Claims of pension fund on sponsor 497.6 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 35

 36 Other 2576.3 2767.0 2948.6 3404.5 3874.4 3591.2 3628.2 3755.2 3874.4 3894.8 3938.5 36

 Memo:

 37 Trade receivables net of payables 464.4 410.1 468.7 469.1 501.2 557.8 604.2 597.0 501.2 568.8 608.5 37

 38 Market value of equities 12512.2 14371.6 14388.7 15994.4 20761.7 17705.1 18020.8 19187.8 20761.7 21032.0 22013.2 38

 39 Securities and mortgages 4398.9 4496.2 4594.1 4938.3 5255.5 5013.2 5066.0 5185.4 5255.5 5332.7 5401.6 39

 40 Loans and short-term paper 1743.3 1508.2 1670.7 1775.0 1862.4 1781.0 1844.3 1864.2 1862.4 1929.2 1972.9 40

 41 Total short-term liabilities (4) 3369.0 3297.5 3493.9 3683.8 3875.3 3716.9 3809.5 3863.6 3875.3 3953.3 4035.6 41

 42 Total liquid assets (5) 1641.0 1676.5 1649.2 1720.9 1935.7 1735.8 1740.4 1858.3 1935.7 1852.7 1881.3 42

 Analytical measures (percent)

 43 Long-term debt/credit market debt 71.6 74.9 73.3 73.6 73.8 73.8 73.3 73.6 73.8 73.4 73.2 43

 44 Short-term debt/credit market debt 28.4 25.1 26.7 26.4 26.2 26.2 26.7 26.4 26.2 26.6 26.8 44

 45 Liquid assets/short-term liabilities 48.7 50.8 47.2 46.7 50.0 46.7 45.7 48.1 50.0 46.9 46.6 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.
L

e

v

els

Z.1, September 18, 2014 71

L.103 Nonfinancial Noncorporate Business

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3576.3 3728.3 3744.9 3819.0 3854.4 3814.2 3827.2 3839.5 3854.4 3873.9 3916.3 1

 2 Checkable deposits and currency 534.4 531.6 529.3 544.2 540.5 541.4 541.1 540.6 540.5 543.2 549.1 2

 3 Time and savings deposits 353.3 356.2 360.1 365.1 372.7 365.7 368.0 370.2 372.7 374.6 378.8 3

 4 Money market fund shares 73.7 76.8 77.7 78.7 80.4 78.9 79.4 79.8 80.4 80.8 81.7 4

 5 Credit market instruments 89.1 95.8 96.8 98.1 100.2 98.3 98.9 99.5 100.2 100.7 101.8 5

 6 Treasury securities 46.1 48.1 48.6 49.3 50.3 49.3 49.6 49.9 50.3 50.5 51.1 6

 7 Municipal securities 5.1 5.6 5.7 5.8 5.9 5.8 5.8 5.8 5.9 5.9 6.0 7

 8 Mortgages 37.9 42.1 42.5 43.1 44.0 43.2 43.4 43.7 44.0 44.2 44.7 8

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

 10 Trade receivables 496.3 533.4 539.2 546.6 558.0 547.5 550.9 554.3 558.0 560.9 567.1 10

 11 Miscellaneous assets 2029.5 2134.4 2141.8 2186.2 2202.6 2182.5 2189.0 2195.0 2202.6 2213.7 2237.9 11

 12 Insurance receivables 101.8 131.7 120.1 135.9 108.5 128.6 122.4 115.6 108.5 108.4 109.4 12

 13 Equity investment in GSEs (1) 6.3 6.7 7.0 7.2 7.8 7.1 7.4 7.6 7.8 8.0 8.1 13

 14 Other 1921.3 1996.0 2014.8 2043.1 2086.3 2046.8 2059.2 2071.8 2086.3 2097.4 2120.4 14

 15 Total liabilities 5731.0 5675.6 5755.0 5857.1 5983.1 5858.7 5897.3 5939.0 5983.1 6011.9 6084.6 15

 16 Credit market instruments 3985.4 3950.9 3986.1 4069.5 4180.0 4063.5 4101.0 4136.3 4180.0 4204.7 4273.1 16

 17 Depository institution loans n.e.c. 944.2 927.4 984.2 1072.2 1121.8 1076.8 1094.4 1105.9 1121.8 1132.1 1172.7 17

 18 Other loans and advances 172.1 170.8 171.3 180.7 186.9 180.2 180.6 181.5 186.9 187.8 188.4 18

 19 Mortgages 2869.0 2852.7 2830.6 2816.6 2871.4 2806.5 2825.9 2848.9 2871.4 2884.8 2911.9 19

 20 Trade payables 397.6 427.8 435.7 434.5 441.4 438.6 440.3 442.0 441.4 443.3 446.6 20

 21 Taxes payable 99.9 99.2 100.3 102.3 105.4 102.6 103.5 104.4 105.4 106.2 107.9 21

 22 Foreign direct investment in U.S. 4.8 5.3 6.1 6.6 7.3 6.5 6.6 7.0 7.3 7.5 7.5 22

 23 Miscellaneous liabilities 1243.3 1192.4 1226.8 1244.2 1249.0 1247.4 1246.0 1249.2 1249.0 1250.2 1249.5 23

(1) Equity in the Farm Credit System.
L

e

v

els

72 Z.1, September 18, 2014

L.104 State and Local Governments (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2668.6 2761.8 2748.6 2883.1 2938.2 2934.6 2936.1 2914.5 2938.2 2971.2 3017.0 1

 2 Checkable deposits and currency 99.0 104.6 121.2 117.2 123.9 114.4 111.2 114.9 123.9 121.3 120.3 2

 3 Time and savings deposits 246.4 240.6 256.2 289.5 301.9 293.5 291.8 299.0 301.9 313.9 306.8 3

 4 Money market fund shares 136.1 150.2 154.0 161.9 166.6 165.6 166.4 165.9 166.6 169.5 173.7 4

 5 Security repurchase agreements 126.1 125.0 121.6 128.3 132.5 131.4 132.1 131.9 132.5 135.0 138.4 5

 6 Credit market instruments 1526.1 1590.4 1540.5 1592.3 1561.5 1613.1 1609.7 1567.1 1561.5 1567.7 1599.0 6

 7 Open market paper 88.9 102.1 91.0 85.1 76.9 84.4 82.2 79.3 76.9 75.7 74.8 7

 8 Treasury securities 585.6 593.5 561.7 607.9 593.4 617.1 620.0 591.5 593.4 593.3 612.2 8

 9 Agency- and GSE-backed securities 490.2 513.9 507.0 504.7 490.9 509.3 504.7 496.1 490.9 492.6 497.5 9

 10 Municipal securities 11.5 12.9 13.2 13.7 13.9 14.0 14.0 13.9 13.9 14.1 14.4 10

 11 Corporate and foreign bonds 156.8 164.6 164.1 170.1 172.5 173.4 173.6 172.5 172.5 175.0 178.6 11

 12 Mortgages 193.0 203.5 203.4 210.8 213.9 214.9 215.2 213.8 213.9 216.9 221.4 12

 13 Corporate equities 111.8 126.3 125.2 140.7 167.6 152.0 154.2 158.8 167.6 170.4 176.4 13

 14 Mutual fund shares 48.5 58.4 59.3 67.3 81.2 73.1 74.3 76.7 81.2 82.6 85.7 14

 15 Trade receivables 139.1 152.2 154.5 160.3 168.7 162.0 165.0 167.4 168.7 169.1 172.3 15

 16 Taxes receivable 117.1 117.8 120.0 121.3 123.8 121.8 122.6 123.4 123.8 128.6 127.6 16

 17 Miscellaneous assets 118.5 96.3 96.2 104.3 110.5 107.5 108.8 109.3 110.5 113.2 116.8 17

 18 Total liabilities 4715.8 5050.4 5341.0 5348.4 4931.0 5203.8 5183.1 5082.0 4931.0 5003.9 5000.4 18

 19 Credit market instruments 2968.4 3038.0 2985.3 2980.0 2941.1 2994.9 2986.4 2953.1 2941.1 2931.8 2934.4 19

 20 Municipal securities 2954.9 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 2918.0 20

 21 Short-term (2) 63.6 63.0 52.3 56.1 45.3 54.5 39.4 46.0 45.3 43.0 33.6 21

 22 Long-term 2891.3 2960.6 2917.6 2908.2 2879.6 2924.4 2931.0 2891.0 2879.6 2872.5 2884.4 22

 23 U.S. government loans 13.5 14.4 15.3 15.7 16.2 16.0 16.0 16.1 16.2 16.3 16.4 23

 24 Trade payables 630.5 669.0 707.4 746.2 785.8 755.9 765.8 775.8 785.8 795.8 806.0 24

 25 Claims of pension fund on sponsor (3) 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 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.
L

e

v

els

Z.1, September 18, 2014 73

L.105 Federal Government

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1387.1 1612.2 1411.3 1516.9 1713.7 1547.9 1622.1 1620.1 1713.7 1741.0 1760.4 1

 2 U.S. official reserve assets 94.3 95.1 110.9 114.2 109.8 111.6 111.3 112.6 109.8 109.3 110.6 2

 3 Checkable deposits and currency 193.9 342.3 84.6 92.2 163.0 79.6 135.4 88.6 163.0 142.6 139.5 3

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

 5 Credit market instruments 704.3 792.4 810.7 915.6 1039.8 962.5 979.6 1021.4 1039.8 1081.8 1096.4 5

 6 Agency- and GSE-backed securities 196.4 149.2 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.6 0.9 0.8 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 7

 8 Other loans and advances 175.9 179.5 184.3 186.7 193.9 189.1 191.3 193.3 193.9 195.7 195.7 8

 9 Mortgages 108.4 106.6 109.9 111.5 115.5 113.3 113.2 114.1 115.5 116.0 116.5 9

 10 Consumer credit (1) 223.1 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 769.6 783.6 10

 11 Corporate equities (2) 67.4 49.9 57.8 39.9 35.1 38.6 37.9 35.3 35.1 34.9 34.7 11

 12 Trade receivables 43.6 42.9 47.7 50.3 48.8 48.7 52.0 50.6 48.8 50.6 50.7 12

 13 Taxes receivable 133.9 144.3 152.8 158.6 165.8 160.4 162.2 164.0 165.8 167.6 169.4 13

 14 Miscellaneous assets 147.8 143.2 145.1 144.0 149.9 144.8 141.9 145.7 149.9 152.7 157.6 14

 15 Total liabilities 11003.4 12812.4 13996.0 15254.7 16132.6 15618.7 15630.2 15827.8 16132.6 16426.6 16416.3 15

 16 SDR allocations 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 54.6 16

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

 18 Treasury currency 26.2 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 25.6 18

 19 Credit market instruments 7805.4 9385.6 10453.6 11593.7 12352.8 11930.1 11912.9 11981.9 12352.8 12614.8 12568.4 19

 20 U.S. savings securities 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 177.7 20

 21 Treasury bills 1787.9 1768.9 1519.5 1626.5 1590.6 1788.2 1568.1 1527.9 1590.6 1650.2 1386.4 21

 22 Other Treasury securities 5802.7 7404.6 8723.6 9759.9 10558.5 9935.5 10138.9 10248.8 10558.5 10762.2 10980.3 22

 23 Budget agency securities 23.5 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 24.0 23

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

 25 Trade payables 204.5 209.7 218.5 233.9 250.7 242.2 250.9 254.7 250.7 259.6 269.2 25

 26 Insurance reserves 47.5 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 50.4 26

 27 Miscellaneous liabilities 2859.2 3083.1 3189.0 3291.6 3393.7 3312.2 3332.0 3456.1 3393.7 3416.5 3442.8 27

 28 Nonmarketable securities held by pension plans (3) 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 28

 29 Claims of pension fund on sponsor 1597.6 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 2061.2 1792.1 1828.4 1849.3 29

 30 Other 184.4 206.5 224.6 237.5 249.2 236.3 233.8 233.4 249.2 248.4 251.0 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.
L

e

v

els

74 Z.1, September 18, 2014

L.106 Rest of the World

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 14362.3 16054.1 17513.0 18951.0 21093.4 19744.9 19933.2 20411.5 21093.4 21642.3 22277.2 1

 2 SDR allocations 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 54.6 2

 3 Net interbank assets 86.0 24.2 238.1 102.1 396.7 197.6 480.9 440.5 396.7 448.2 463.4 3

 4 U.S. checkable deposits and currency 361.0 390.5 472.3 540.4 590.3 543.2 551.5 573.9 590.3 620.2 636.8 4

 5 U.S. time deposits 299.2 308.2 355.6 393.4 442.8 392.5 399.4 419.5 442.8 459.0 493.1 5

 6 Money market fund shares 76.9 69.8 74.4 96.9 113.3 103.4 110.0 110.1 113.3 115.0 116.3 6

 7 Security repurchase agreements 489.4 581.8 678.5 671.9 734.1 740.0 723.2 726.0 734.1 805.5 840.5 7

 8 Credit market instruments 7662.4 8413.9 8944.8 9508.7 9732.3 9637.8 9426.0 9564.6 9732.3 9966.9 10032.7 8

 9 Open market paper 117.2 102.1 102.7 102.8 101.7 109.8 111.4 89.6 101.7 106.8 117.5 9

 10 Treasury securities 3670.6 4458.8 5004.4 5571.5 5794.9 5721.3 5595.0 5654.7 5794.9 5952.3 5934.0 10

 11 Treasury bills 750.4 710.3 647.7 661.7 686.0 720.2 675.4 645.1 686.0 689.8 627.3 11

 12 Other Treasury securities 2920.2 3748.5 4356.7 4909.8 5108.9 5001.1 4919.7 5009.5 5108.9 5262.4 5306.6 12

 13 Agency- and GSE-backed securities 1150.0 1095.8 1078.2 1001.2 885.3 957.3 904.1 926.0 885.3 860.6 851.1 13

 14 Municipal securities 58.7 71.7 72.4 71.8 76.1 72.5 73.5 74.9 76.1 76.9 77.4 14

 15 U.S. corporate bonds (1) 2483.5 2523.1 2491.0 2617.6 2734.0 2635.3 2589.7 2680.4 2734.0 2818.7 2894.4 15

 16 Loans to U.S. corporate business 182.5 162.3 196.1 143.9 140.4 141.5 152.3 138.9 140.4 151.7 158.4 16

 17 U.S. corporate equities 2658.4 3216.0 3397.2 3953.0 5163.7 4393.3 4463.2 4749.3 5163.7 5323.7 5637.1 17

 18 Mutual fund shares 182.4 260.0 370.4 495.4 544.5 503.7 503.5 517.2 544.5 554.9 586.2 18

 19 Trade receivables 93.1 111.8 128.8 140.5 144.4 143.8 148.8 140.7 144.4 159.8 163.3 19

 20 Foreign direct investment in U.S. (2) 2398.2 2623.6 2798.7 2994.3 3176.9 3036.6 3073.7 3115.6 3176.9 3134.4 3253.3 20

 21 Total liabilities 8149.5 8862.5 9431.5 9907.1 10265.5 10060.1 10067.4 10318.3 10265.5 10421.5 10573.7 21

 22 U.S. official reserve assets (3) 119.4 121.1 136.7 138.9 133.4 135.1 134.5 136.5 133.4 133.1 134.5 22

 23 U.S. private deposits 1258.4 1303.9 1066.4 922.8 954.8 974.1 1015.6 1014.7 954.8 927.9 906.4 23

 24 Security repurchase agreements 454.8 663.7 764.7 805.1 721.6 784.5 741.8 787.5 721.6 792.2 755.9 24

 25 Credit market instruments 2006.5 2258.5 2485.5 2828.0 2966.2 2889.7 2841.6 2907.9 2966.2 3037.2 3149.3 25

 26 Commercial paper 401.3 398.6 345.1 373.0 407.0 407.4 417.4 405.9 407.0 413.8 435.1 26

 27 Bonds 1447.8 1677.6 1913.6 2186.5 2250.4 2205.8 2140.5 2207.2 2250.4 2300.6 2376.2 27

 28 Depository institution loans n.e.c. 137.5 162.0 205.2 237.7 276.7 246.0 252.2 262.5 276.7 290.5 305.5 28

 29 Other loans and advances 19.9 20.2 21.5 30.8 32.2 30.5 31.5 32.4 32.2 32.3 32.6 29

 30 Trade payables 45.1 51.1 55.1 55.7 45.3 54.9 59.1 44.0 45.3 36.5 37.9 30

 31 U.S. direct investment abroad (1,2) 4077.4 4273.6 4599.5 4972.9 5284.0 5016.6 5110.4 5237.7 5284.0 5336.3 5425.1 31

 32 Miscellaneous liabilities 187.9 190.6 323.6 183.5 160.2 205.2 164.4 189.9 160.2 158.3 164.6 32

 33 U.S. equity in IBRD, etc. 50.0 52.3 54.9 57.3 59.5 57.3 59.4 59.4 59.5 59.5 61.2 33

 34 Nonofficial foreign currencies 12.9 2.7 102.5 11.5 2.9 10.7 4.3 3.1 2.9 3.0 2.8 34

 35 Investment by holding companies 125.1 135.6 166.3 114.7 97.8 137.2 100.7 127.3 97.8 95.8 100.7 35

 Memo:

 36 Market value of foreign equities 3995.3 4900.2 4501.4 5311.5 6444.2 5524.3 5508.8 6037.3 6444.2 6595.3 6992.8 36

 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).
L

e

v

els

Z.1, September 18, 2014 75

L.107 Financial Business (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 68436.3 69527.3 71082.5 75205.9 81073.2 77014.0 77800.1 79528.5 81073.2 82112.8 83450.6 1

 2 U.S. official reserve assets 36.2 37.0 36.8 35.8 34.6 34.5 34.3 35.0 34.6 34.8 34.9 2

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

 4 Treasury currency 42.7 43.5 44.2 44.8 45.5 45.0 45.1 45.3 45.5 45.7 46.0 4

 5 Foreign deposits 97.1 105.9 42.9 43.3 33.7 48.8 37.1 36.3 33.7 19.4 26.7 5

 6 Net interbank assets 1126.4 1019.6 1622.6 1561.7 2321.8 1849.4 2072.9 2294.2 2321.8 2508.6 2520.4 6

 7 Checkable deposits and currency 348.2 327.1 364.3 374.4 371.5 367.4 367.2 385.6 371.5 344.2 358.5 7

 8 Time and savings deposits 716.8 641.6 594.5 624.2 706.5 622.5 640.4 706.7 706.5 708.5 716.2 8

 9 Money market fund shares 1003.2 830.6 759.3 707.6 651.7 660.2 650.7 673.8 651.7 615.8 585.2 9

 10 Federal funds and security repos 2345.8 2623.8 2741.6 3114.6 2739.0 2953.9 2849.1 2833.2 2739.0 2724.3 2811.4 10

 11 Credit market instruments 37148.6 36288.2 37283.1 38554.4 40234.2 38927.6 39321.0 39648.9 40234.2 40575.2 41013.5 11

 12 Open market paper 853.2 764.2 688.4 686.0 720.0 732.6 728.5 747.9 720.0 760.5 772.6 12

 13 Treasury securities 2582.6 3086.6 4063.7 4371.4 4900.5 4529.4 4581.1 4644.6 4900.5 5056.7 5070.5 13

 14 Agency- and GSE-backed securities 5898.5 5487.9 5646.6 5882.9 6310.9 6022.3 6138.0 6188.9 6310.9 6355.9 6409.2 14

 15 Municipal securities 1742.3 1786.5 1799.9 1938.1 1945.6 1952.8 1948.5 1936.2 1945.6 1944.9 1951.1 15

 16 Corporate and foreign bonds 6191.8 6286.2 6416.8 6888.7 7191.6 7003.8 7067.7 7149.0 7191.6 7278.8 7389.0 16

 17 Depository institution loans n.e.c. 2035.9 2001.2 2147.8 2322.7 2508.8 2323.8 2388.1 2424.8 2508.8 2560.0 2654.5 17

 18 Other loans and advances 1711.0 1394.8 1363.9 1468.3 1574.8 1459.6 1530.4 1540.1 1574.8 1579.8 1642.0 18

 19 Mortgages 13945.6 13313.5 13006.7 12804.3 12816.7 12745.2 12751.3 12797.1 12816.7 12805.0 12838.3 19

 20 Consumer credit 2187.8 2167.3 2149.4 2192.0 2265.4 2158.0 2187.4 2220.3 2265.4 2233.7 2286.3 20

 21 Corporate equities 9992.5 11495.2 10905.0 12479.7 15853.9 13556.5 13730.3 14647.4 15853.9 16079.3 16665.9 21

 22 Mutual fund shares 2423.7 2726.6 2613.5 2877.9 3555.2 3126.4 3179.5 3351.7 3555.2 3611.3 3735.8 22

 23 Trade receivables 144.2 135.6 134.8 133.2 131.0 134.1 132.9 133.0 131.0 134.4 137.8 23

 24 Security credit 235.0 316.4 308.1 374.9 420.8 385.9 378.5 392.2 420.8 406.9 463.1 24

 25 Life insurance reserves 132.8 141.1 153.0 172.9 183.7 175.3 176.8 179.1 183.7 186.3 189.1 25

 26 U.S. direct investment abroad 832.3 870.7 840.3 891.9 914.0 904.8 911.1 926.4 914.0 925.6 935.0 26

 27 Miscellaneous assets 11805.5 11919.3 12633.2 13209.5 12871.0 13216.4 13268.2 13234.6 12871.0 13186.9 13205.8 27

 28 Total liabilities 65350.3 66207.2 67735.2 71337.6 76690.6 72917.0 73701.3 75156.6 76690.6 77650.6 78800.6 28

 29 Net interbank liabilities 1215.5 1068.5 1889.0 1683.8 2795.4 2096.9 2580.4 2767.7 2795.4 3006.6 3020.2 29

 30 Checkable deposits and currency 2093.4 2359.8 2594.3 2853.8 3186.5 2872.9 2892.3 2924.6 3186.5 3183.8 3293.3 30

 31 Time and savings deposits 8432.5 8548.1 8952.2 9463.7 9872.9 9521.6 9572.5 9789.7 9872.9 10075.7 10141.0 31

 32 Money market fund shares 3258.6 2755.4 2642.5 2649.6 2678.3 2553.8 2541.9 2638.9 2678.3 2592.5 2522.4 32

 33 Federal funds and security repos 3175.6 3597.9 3878.7 4130.1 3652.9 3962.5 3798.2 3766.8 3652.9 3722.7 3791.7 33

 34 Credit market instruments 15714.5 14455.3 14036.1 13802.5 13948.4 13752.5 13762.7 13762.4 13948.4 13857.2 13954.0 34

 35 Open market paper 678.2 576.0 507.9 449.1 400.2 453.8 426.0 399.9 400.2 398.2 384.5 35

 36 Agency- and GSE-backed securities 8083.3 7574.0 7552.1 7529.7 7769.7 7566.2 7635.8 7688.5 7769.7 7697.1 7750.6 36

 37 Corporate and foreign bonds 5735.6 5282.4 4972.6 4870.5 4718.3 4782.5 4691.3 4679.8 4718.3 4714.8 4745.2 37

 38 Depository institution loans n.e.c. 424.2 373.6 400.8 342.3 363.2 340.6 355.9 337.1 363.2 360.8 333.9 38

 39 Other loans and advances 617.9 473.2 413.1 416.6 494.9 409.9 453.1 460.0 494.9 480.9 532.9 39

 40 Mortgages 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 205.3 206.9 40

 41 Mutual fund shares 6920.7 7873.0 7870.9 9326.1 11544.8 10088.7 10297.9 10904.9 11544.8 11898.6 12314.0 41

 42 Trade payables 70.1 18.1 14.3 14.2 14.5 15.4 15.6 13.3 14.5 14.8 17.8 42

 43 Security credit 733.7 763.5 795.4 828.2 897.1 821.6 870.0 870.0 897.1 952.5 956.9 43

 44 Life insurance reserves 1194.5 1229.9 1302.3 1309.0 1366.3 1320.1 1328.1 1347.3 1366.3 1384.2 1393.3 44

 45 Pension entitlements 15455.1 17031.7 17444.7 18457.8 19886.1 18930.7 19085.2 19440.8 19886.1 20085.5 20406.1 45

 46 Taxes payable -95.0 -88.9 -78.0 -76.8 -59.1 -65.9 -83.0 -73.9 -59.1 -47.4 -40.4 46

 47 Foreign direct investment in U.S. 407.0 489.6 561.9 578.9 559.3 589.1 594.4 598.6 559.3 563.9 568.5 47

 48 Miscellaneous liabilities 7229.0 6769.2 6595.6 7121.7 7068.9 7241.8 7187.0 7193.2 7068.9 7152.2 7217.7 48

 Memo:

 49 Market value of corporate equities 3578.1 4295.4 4070.7 4931.3 6465.6 5501.3 5724.8 5961.2 6465.6 6603.1 6814.7 49

 50 Equity in noncorporate business 14.8 15.9 11.9 17.3 17.6 17.9 17.9 16.5 17.6 18.5 18.5 50

(1) Sum of financial sectors shown on tables L.108 through L.130.
L

e

v

els

76 Z.1, September 18, 2014

L.108 Monetary Authority (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2267.2 2453.2 2947.2 2954.9 4073.8 3243.8 3526.3 3787.1 4073.8 4290.4 4429.6 1

 2 U.S. official reserve assets 36.2 37.0 36.8 35.8 34.6 34.5 34.3 35.0 34.6 34.8 34.9 2

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

 4 Treasury currency 42.7 43.5 44.2 44.8 45.5 45.0 45.1 45.3 45.5 45.7 46.0 4

 5 Federal Reserve float (2) -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 -0.7 -0.6 -1.0 -0.5 -0.5 5

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

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

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

 9 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Credit market instruments 1987.7 2259.2 2635.6 2670.1 3756.3 2939.8 3214.2 3475.1 3756.3 3970.1 4108.2 10

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

 12 Treasury securities 776.6 1021.5 1663.4 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 2400.6 12

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

 14 Other Treasury securities 758.2 1003.1 1645.0 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 2400.6 14

 15 Agency- and GSE-backed securities 1068.3 1139.6 941.7 1003.4 1547.4 1143.4 1277.3 1402.7 1547.4 1650.5 1707.6 15

 16 Mortgage-backed securities 908.4 992.1 837.7 926.7 1490.2 1070.9 1208.1 1342.1 1490.2 1603.1 1663.9 16

 17 Other agency- and GSE-backed securities 159.9 147.5 104.0 76.8 57.2 72.4 69.2 60.7 57.2 47.3 43.7 17

 18 Depository institution loans n.e.c. 142.8 98.1 30.5 0.6 0.1 0.4 0.3 0.1 0.1 0.1 0.0 18

 19 Households (TALF) (5) 47.5 24.7 9.0 0.6 0.1 0.4 0.3 0.1 0.1 0.1 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 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 0.0 21

 22 Funding corporations (Maiden Lane) (7) 29.2 25.8 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Funding corporations (AIG) 22.2 20.0 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) 16.0 13.5 6.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Funding corporations (Maiden Lane III)(9) 18.5 14.1 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Funding corporations (CPFF) (10) 9.4 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) 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Miscellaneous assets 75.9 83.1 225.8 199.5 233.1 219.9 228.1 226.8 233.1 235.0 235.7 28

 29 Nonofficial foreign currencies (12) 10.3 0.1 99.8 8.9 0.3 8.1 1.7 0.5 0.3 0.4 0.1 29

 30 Other 65.6 83.0 126.0 190.6 232.8 211.9 226.5 226.3 232.8 234.6 235.6 30

 31 Total liabilities 2241.6 2426.7 2920.3 2927.6 4046.3 3216.3 3498.8 3759.6 4046.3 4262.3 4401.5 31

 32 Depository institution reserves 977.0 968.1 1562.3 1491.0 2249.1 1790.4 2013.3 2232.4 2249.1 2444.3 2455.8 32

 33 Vault cash of depository institutions 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 64.9 33

 34 Checkable deposits and currency 1102.7 1287.8 1165.7 1224.6 1364.1 1226.1 1298.1 1266.5 1364.1 1364.4 1374.1 34

 35 Due to federal government 191.9 340.9 85.9 92.9 162.6 79.4 135.0 88.6 162.6 142.5 139.4 35

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

 37 Treasury general deposit account 186.6 140.8 85.7 92.7 162.4 79.2 134.9 88.4 162.4 142.2 139.3 37

 38 Treasury temporary supplementary financing account 5.0 200.0 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 2.4 3.4 0.2 6.5 8.0 9.2 10.1 9.0 8.0 7.0 6.0 39

 40 Due to government-sponsored enterprises 35.1 13.5 64.6 27.2 25.9 20.2 19.5 24.1 25.9 10.8 11.2 40

 41 Currency outside banks 873.3 930.0 1015.0 1098.1 1167.6 1117.3 1133.6 1144.9 1167.6 1204.1 1217.6 41

 42 Security repurchase agreements 77.7 59.7 99.9 107.2 315.9 105.5 95.2 157.4 315.9 341.0 456.5 42

 43 Miscellaneous liabilities 29.2 58.4 31.7 33.7 43.5 34.7 32.1 41.2 43.5 47.8 50.0 43

 44 Federal Reserve Bank stock 25.6 26.5 26.9 27.4 27.5 27.6 27.5 27.4 27.5 28.1 28.2 44

 45 Other 3.6 31.9 4.8 6.3 16.0 7.2 4.6 13.7 16.0 19.8 21.9 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.
L

e

v

els

Z.1, September 18, 2014 77

L.109 Private Depository Institutions (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 13618.6 13727.6 14590.7 14994.1 15927.8 15189.8 15492.5 15741.6 15927.8 16237.3 16517.2 1

 2 Vault cash 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 64.9 2

 3 Reserves at Federal Reserve 977.0 968.1 1562.3 1491.0 2249.1 1790.4 2013.3 2232.4 2249.1 2444.3 2455.8 3

 4 Federal funds and security repos 335.2 356.1 378.6 491.6 392.9 438.8 419.3 417.3 392.9 416.1 430.7 4

 5 Credit market instruments 10749.7 10968.9 11177.8 11605.9 11883.3 11568.5 11636.1 11694.0 11883.3 11981.1 12211.6 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 196.6 299.6 252.9 339.5 304.4 329.5 281.5 276.1 304.4 351.8 384.9 7

 8 Agency- and GSE-backed securities 1579.9 1718.1 1851.7 1901.3 1943.8 1946.9 1964.2 1934.5 1943.8 1957.3 1947.1 8

 9 Municipal securities 227.8 257.1 303.9 371.9 427.0 384.2 400.1 415.3 427.0 433.2 437.6 9

 10 Corporate and foreign bonds 940.0 795.9 800.2 786.3 770.2 765.9 760.1 773.1 770.2 756.7 756.9 10

 11 Depository institution loans n.e.c. 1893.1 1903.1 2117.3 2322.2 2508.7 2323.5 2387.8 2424.7 2508.7 2559.9 2654.5 11

 12 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Mortgages 4768.9 4583.0 4436.2 4422.4 4392.1 4381.7 4377.8 4377.0 4392.1 4405.9 4462.1 13

 14 Consumer credit 1143.4 1412.0 1415.6 1462.3 1537.1 1436.8 1464.7 1493.3 1537.1 1516.5 1568.5 14

 15 Corporate equities 63.6 73.6 67.4 71.3 101.3 80.8 79.9 87.8 101.3 102.6 109.2 15

 16 Mutual fund shares 47.4 46.5 43.5 48.1 60.1 52.6 50.2 54.2 60.1 63.0 66.8 16

 17 Security credit 32.0 38.2 69.2 71.1 81.6 78.1 75.9 78.5 81.6 86.3 86.9 17

 18 Life insurance reserves 111.5 116.0 125.5 138.0 143.8 139.2 140.4 141.6 143.8 145.2 146.7 18

 19 U.S. direct investment abroad 261.7 280.1 272.5 283.9 285.3 285.7 282.3 288.8 285.3 286.8 289.3 19

 20 Miscellaneous assets 985.5 827.4 833.2 721.9 656.9 696.3 734.9 684.9 656.9 647.0 655.1 20

 21 Total liabilities 13779.2 13946.6 14909.1 15513.4 16377.1 15718.6 15942.9 16103.2 16377.1 16694.8 16979.0 21

 22 Net interbank liabilities 183.5 47.8 266.0 121.7 472.7 246.9 506.9 473.1 472.7 497.5 499.4 22

 23 Checkable deposits 990.7 1072.0 1428.6 1629.2 1822.3 1646.9 1594.2 1658.1 1822.3 1819.4 1919.2 23

 24 Small time and savings deposits 6326.5 6624.9 7202.2 7803.9 8110.8 7869.1 7890.1 8052.9 8110.8 8265.3 8291.6 24

 25 Large time deposits 2105.9 1923.2 1750.0 1659.9 1762.0 1652.5 1682.4 1736.8 1762.0 1810.4 1849.4 25

 26 Federal funds and security repos 727.3 734.0 706.9 674.9 577.9 650.8 635.1 608.0 577.9 623.7 634.4 26

 27 Credit market instruments 744.6 909.0 856.5 745.4 713.9 696.4 704.4 686.4 713.9 689.8 734.9 27

 28 Open market paper 0.6 113.0 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 56.0 28

 29 Corporate bonds 176.3 377.1 379.4 295.9 221.0 267.4 244.0 225.2 221.0 214.2 211.7 29

 30 Other loans and advances 567.6 418.9 356.4 362.0 433.2 354.5 396.2 403.9 433.2 417.2 467.2 30

 31 Taxes payable (net) -66.2 -59.6 -49.1 -47.6 -47.4 -45.7 -58.9 -52.9 -47.4 -39.7 -32.4 31

 32 Foreign direct investment in U.S. 107.7 120.0 176.6 181.8 181.4 182.7 183.1 184.4 181.4 182.3 183.1 32

 33 Miscellaneous liabilities 2659.1 2575.3 2571.3 2744.2 2783.5 2819.1 2805.6 2756.3 2783.5 2846.0 2899.5 33

 34 Investment by holding companies 1599.5 1632.8 1709.0 1889.2 1937.3 1916.9 1880.5 1898.0 1937.3 1978.7 2028.2 34

 35 Investment by funding corporations 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 120.8 35

 36 Other 856.5 770.9 724.5 729.0 722.7 759.3 783.0 739.6 722.7 743.4 750.5 36

 Memo:

 37 Consumer leases not included above (2) 6.9 6.2 6.0 6.5 7.9 6.8 7.3 7.7 7.9 8.1 8.3 37

(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.
L

e

v

els

78 Z.1, September 18, 2014

L.110 U.S.-Chartered Depository Institutions

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 11505.4 11503.7 11849.9 12226.9 12802.7 12297.5 12382.0 12596.7 12802.7 12899.5 13138.5 1

 2 Vault cash 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 64.9 2

 3 Reserves at Federal Reserve 661.4 575.8 798.7 798.5 1252.9 981.1 1001.2 1222.5 1252.9 1311.3 1339.8 3

 4 Federal funds and security repos 266.9 267.6 242.6 303.7 215.7 259.6 238.0 218.0 215.7 215.7 202.5 4

 5 Credit market instruments 9117.4 9356.2 9489.9 9866.3 10101.0 9833.4 9896.3 9925.3 10101.0 10167.7 10367.8 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 124.5 217.5 173.9 243.2 217.1 230.3 194.0 186.6 217.1 263.8 297.7 7

 8 Agency- and GSE-backed securities 1417.4 1527.2 1634.1 1669.6 1717.3 1710.5 1725.7 1700.4 1717.3 1731.0 1724.9 8

 9 Residential mortgage pass-through securities 837.5 835.3 899.1 912.8 953.5 952.8 967.6 947.9 953.5 959.1 950.9 9

 10 Commercial mortgage pass-through securities 3.6 3.3 8.2 21.7 30.3 24.7 28.4 27.9 30.3 32.0 37.6 10

 11 Residential CMOs and other structured MBS 264.0 393.4 473.8 454.6 431.0 446.7 435.2 422.8 431.0 442.2 440.7 11

 12 Commercial CMOs and other structured MBS 4.0 3.6 13.4 42.9 66.8 47.7 54.6 59.6 66.8 70.0 72.6 12

 13 Other 308.4 291.5 239.6 237.7 235.7 238.6 239.8 242.2 235.7 227.7 223.1 13

 14 Municipal securities 224.3 254.6 297.3 365.0 418.9 376.2 392.3 406.4 418.9 425.2 429.9 14

 15 Corporate and foreign bonds 668.2 550.5 553.0 544.0 559.2 540.5 543.2 555.8 559.2 540.2 540.8 15

 16 Priv. residential mortgage pass-through securities 16.2 6.5 3.5 18.7 28.7 19.7 23.1 26.4 28.7 27.8 25.6 16

 17 Priv. commercial mortgage pass-through securities 17.8 11.4 8.9 9.3 8.0 9.1 9.6 8.4 8.0 6.4 6.7 17

 18 Priv. residential CMOs and other structured MBS 202.9 132.3 110.4 88.4 73.7 83.7 78.7 77.2 73.7 68.9 68.2 18

 19 Priv. commercial CMOs and other structured MBS 26.0 24.7 27.4 32.7 37.3 33.8 34.4 35.5 37.3 38.8 39.6 19

 20 Other 405.2 375.6 402.9 394.9 411.4 394.3 397.4 408.3 411.4 398.3 400.6 20

 21 Depository institution loans n.e.c. 1404.8 1425.9 1589.6 1797.1 1933.5 1794.8 1847.0 1869.5 1933.5 1969.6 2051.3 21

 22 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Mortgages 4371.9 4194.9 4049.6 4028.8 3983.5 3989.8 3982.5 3975.3 3983.5 3991.3 4039.0 23

 24 Consumer credit 906.3 1185.5 1192.6 1218.6 1271.6 1191.2 1211.5 1231.4 1271.6 1246.5 1284.2 24

 25 Corporate equities 63.6 73.6 67.4 71.3 101.3 80.8 79.9 87.7 101.3 102.6 109.2 25

 26 Mutual fund shares 46.1 45.0 41.7 45.8 57.9 50.1 47.9 52.0 57.9 60.8 64.7 26

 27 Security credit 20.4 23.6 35.8 45.0 52.9 47.9 51.8 53.9 52.9 58.4 61.0 27

 28 Life insurance reserves 111.5 116.0 125.5 138.0 143.8 139.2 140.4 141.6 143.8 145.2 146.7 28

 29 U.S. direct investment abroad 261.7 280.1 272.5 283.9 285.3 285.7 282.3 288.8 285.3 286.8 289.3 29

 30 Miscellaneous assets 901.5 713.2 715.2 603.3 518.3 560.1 584.2 544.8 518.3 486.3 492.7 30

 31 Total liabilities 11622.9 11709.0 12156.0 12719.7 13295.4 12788.8 12790.1 12995.2 13295.4 13434.3 13695.3 31

 32 Net interbank liabilities 633.7 428.3 164.9 36.7 227.8 96.6 135.4 191.0 227.8 213.3 221.9 32

 33 Federal Reserve float -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 -0.7 -0.6 -1.0 -0.5 -0.5 33

 34 Borrowing from Federal Reserve banks 96.6 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0.0 0.2 34

 35 To domestic banks 42.2 21.3 62.1 18.7 57.2 23.8 12.4 33.1 57.2 29.0 26.5 35

 36 To foreign banks 496.9 408.2 103.3 18.5 171.4 73.4 123.6 158.3 171.4 184.8 195.8 36

 37 Checkable deposits 871.6 941.1 1260.5 1431.7 1579.8 1436.6 1372.9 1429.1 1579.8 1558.5 1649.4 37

 38 Federal government 3.8 3.6 1.0 1.3 1.6 1.5 1.3 1.3 1.6 1.7 1.8 38

 39 Rest of the world 34.3 30.4 56.1 51.8 50.2 46.3 40.5 49.5 50.2 51.8 55.1 39

 40 Private domestic 833.5 907.0 1203.5 1378.5 1528.1 1388.8 1331.0 1378.4 1528.1 1505.0 1592.5 40

 41 Small time and savings deposits 5617.0 5888.6 6425.7 6979.2 7236.0 7018.6 7033.2 7183.1 7236.0 7375.8 7397.1 41

 42 Large time deposits 1029.9 896.1 882.9 803.0 826.9 777.6 804.4 799.3 826.9 815.4 847.9 42

 43 Federal funds and security repos 532.1 484.0 402.5 349.9 265.2 327.3 325.1 301.3 265.2 267.2 267.9 43

 44 Credit market instruments 718.1 882.9 832.4 720.3 686.9 674.1 680.9 659.8 686.9 662.4 705.0 44

 45 Open market paper 0.6 113.0 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 56.0 45

 46 Corporate bonds 176.3 377.1 379.4 295.9 221.0 267.4 244.0 225.2 221.0 214.2 211.7 46

 47 Other loans and advances 541.1 392.8 332.3 336.9 406.2 332.3 372.7 377.3 406.2 389.8 437.3 47

 48 Taxes payable (net) -66.2 -59.6 -49.1 -47.6 -47.4 -45.7 -58.9 -52.9 -47.4 -39.7 -32.4 48

 49 Miscellaneous liabilities 2286.8 2247.6 2236.1 2446.4 2520.4 2503.7 2497.1 2484.5 2520.4 2581.3 2638.7 49

 50 Investment by holding companies 1599.5 1632.8 1709.0 1889.2 1937.3 1916.9 1880.5 1898.0 1937.3 1978.7 2028.2 50

 51 Other 687.3 614.7 527.1 557.2 583.1 586.8 616.6 586.4 583.1 602.6 610.4 51

 Memo:

 52 Consumer leases not included above (1) 6.9 6.2 6.0 6.5 7.9 6.8 7.3 7.7 7.9 8.1 8.3 52

(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.
L

e

v

els

Z.1, September 18, 2014 79

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

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1218.1 1268.3 1736.4 1720.6 2037.1 1819.4 2027.7 2063.9 2037.1 2215.9 2250.6 1

 2 Vault cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2

 3 Reserves at Federal Reserve 284.1 350.8 711.0 638.8 948.0 741.3 959.6 963.5 948.0 1071.0 1068.6 3

 4 Federal funds and security repos 68.2 88.4 120.1 178.3 177.1 178.7 181.1 199.3 177.1 200.3 228.2 4

 5 Credit market instruments 809.7 785.2 827.7 833.5 826.3 816.4 802.2 819.3 826.3 845.6 855.9 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 57.5 60.9 60.5 76.6 67.0 79.5 66.9 69.3 67.0 66.3 65.5 7

 8 Agency- and GSE-backed securities 31.3 26.5 30.6 32.1 25.4 27.7 26.1 26.2 25.4 22.5 21.0 8

 9 Municipal securities 0.0 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 247.6 238.2 236.7 230.5 196.4 211.9 202.8 203.1 196.4 200.5 200.3 10

 11 Depository institution loans n.e.c. 435.5 424.2 467.1 463.4 507.2 467.5 476.9 490.9 507.2 524.0 535.3 11

 12 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Mortgages 37.8 35.4 32.8 30.9 30.3 29.7 29.6 29.8 30.3 32.2 33.7 13

 14 Corporate equities 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Security credit 11.6 14.7 33.5 26.2 28.7 30.2 24.2 24.7 28.7 28.0 25.9 15

 16 Miscellaneous assets 44.5 29.2 44.2 43.9 57.0 52.9 60.6 57.1 57.0 71.0 72.0 16

 17 Total liabilities 1319.1 1351.5 1851.1 1853.0 2094.2 1955.5 2168.1 2123.8 2094.2 2242.4 2262.0 17

 18 Net interbank liabilities -377.8 -347.1 157.5 155.6 313.1 219.7 438.5 351.6 313.1 353.5 348.5 18

 19 To foreign banks -411.0 -384.0 134.8 83.6 225.3 124.2 357.3 282.2 225.3 263.4 267.6 19

 20 To domestic banks 33.1 36.9 22.7 72.0 87.8 95.5 81.2 69.3 87.8 90.2 80.9 20

 21 Checkable deposits 16.1 21.9 45.6 61.8 92.6 63.7 73.4 82.0 92.6 101.7 110.4 21

 22 Small time and savings deposits 29.9 35.7 48.9 62.7 90.4 67.9 70.6 85.9 90.4 84.5 87.6 22

 23 Large time deposits 1024.2 977.7 814.6 798.4 869.5 814.4 816.0 872.4 869.5 927.8 934.7 23

 24 Federal funds and security repos 195.2 250.0 304.4 325.0 312.7 323.6 310.0 306.7 312.7 356.5 366.5 24

 25 Open market paper (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Foreign direct investment in U.S. 107.7 120.0 176.6 181.8 181.4 182.7 183.1 184.4 181.4 182.3 183.1 26

 27 Miscellaneous liabilities 323.8 293.3 303.4 267.8 234.6 283.7 276.5 240.7 234.6 236.0 231.3 27

 28 Investment by funding corporations 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 120.8 28

 29 Other 120.7 121.7 165.6 141.7 111.1 140.7 134.4 122.0 111.1 112.1 110.4 29

(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.
L

e

v

els

80 Z.1, September 18, 2014

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

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 94.7 79.9 75.8 75.8 84.7 76.0 82.0 83.9 84.7 81.5 84.1 1

 2 Credit market instruments 88.1 68.9 64.0 63.9 64.1 63.6 63.6 62.7 64.1 64.1 61.6 2

 3 Treasury securities 0.5 1.1 1.0 0.4 1.2 0.4 0.4 0.6 1.2 1.3 0.8 3

 4 Agency- and GSE-backed securities 20.5 12.8 4.8 2.6 1.9 2.4 2.2 1.9 1.9 1.8 1.8 4

 5 Municipal securities 3.5 2.5 3.4 2.6 3.6 2.7 2.7 3.5 3.6 3.4 2.7 5

 6 Corporate and foreign bonds 2.0 0.6 4.2 5.2 5.8 5.6 5.5 5.6 5.8 6.4 6.3 6

 7 Depository institution loans n.e.c. 19.4 16.1 17.1 18.1 19.4 18.1 19.0 19.5 19.4 19.2 18.1 7

 8 Home mortgages 22.6 20.1 17.8 20.0 18.9 20.0 19.2 19.1 18.9 18.4 18.4 8

 9 Commercial mortgages 19.6 15.7 15.6 14.9 13.5 14.4 14.4 12.5 13.5 13.6 13.5 9

 10 Miscellaneous assets 6.5 11.0 11.8 12.0 20.5 12.4 18.4 21.2 20.5 17.4 22.5 10

 11 Total liabilities 90.0 75.2 72.1 72.0 80.5 72.2 78.7 81.7 80.5 78.0 80.8 11

 12 Net interbank liabilities -4.2 -3.3 -4.6 -4.9 -4.7 -4.6 -5.3 -5.0 -4.7 -5.5 -5.8 12

 13 Checkable deposits 16.1 16.6 19.4 21.9 28.2 22.1 26.3 27.7 28.2 27.3 28.6 13

 14 Small time and savings deposits 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 21.4 14

 15 Large time deposits 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 21.4 15

 16 Miscellaneous liabilities 29.2 23.3 19.4 17.3 14.3 16.4 16.5 15.7 14.3 14.8 15.3 16

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

L.113 Credit Unions

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

 1 Total financial assets 800.5 875.7 928.5 970.8 1003.3 996.9 1000.7 997.2 1003.3 1040.4 1044.0 1

 2 Reserves at Federal Reserve 31.5 41.5 52.6 53.8 48.1 68.0 52.5 46.4 48.1 62.0 47.5 2

 3 Federal funds and security repos 0.1 0.0 15.9 9.7 0.1 0.4 0.2 0.1 0.1 0.2 0.1 3

 4 Credit market instruments 734.6 758.6 796.2 842.3 891.8 855.1 874.1 886.7 891.8 903.8 926.4 4

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

 6 Treasury securities 14.2 20.1 17.6 19.3 19.1 19.2 20.1 19.6 19.1 20.4 20.9 6

 7 Agency- and GSE-backed securities 110.7 151.5 182.1 197.0 199.2 206.2 210.2 206.0 199.2 202.0 199.5 7

 8 Municipal securities 0.0 0.0 3.2 4.2 4.6 5.3 5.0 5.4 4.6 4.5 4.9 8

 9 Corporate and foreign bonds 22.3 6.6 6.3 6.7 8.9 7.8 8.5 8.6 8.9 9.5 9.6 9

 10 Depository institution loans n.e.c. 33.4 36.9 43.5 43.6 48.7 43.0 44.9 44.9 48.7 47.1 49.7 10

 11 Home mortgages 316.9 317.0 320.5 327.8 345.9 328.0 332.1 340.4 345.9 350.4 357.5 11

 12 Consumer credit 237.1 226.5 223.0 243.6 265.6 245.5 253.1 261.9 265.6 269.9 284.3 12

 13 Mutual fund shares 1.3 1.5 1.9 2.3 2.2 2.6 2.4 2.2 2.2 2.2 2.1 13

 14 Miscellaneous assets 33.0 74.1 61.9 62.7 61.1 70.9 71.7 61.8 61.1 72.2 68.0 14

 15 Total liabilities 747.2 810.9 830.0 868.7 906.9 902.1 905.9 902.4 906.9 940.1 940.9 15

 16 Net interbank liabilities -68.1 -30.0 -51.9 -65.7 -63.5 -64.7 -61.8 -64.5 -63.5 -63.8 -65.1 16

 17 Shares/deposits 769.4 803.8 845.3 896.6 929.2 929.3 928.7 924.9 929.2 962.7 961.7 17

 18 Checkable 86.9 92.4 103.1 113.9 121.7 124.5 121.7 119.3 121.7 131.9 130.8 18

 19 Small time and savings 655.2 681.3 708.7 743.1 763.1 763.4 765.7 762.2 763.1 784.3 785.5 19

 20 Large time 27.3 30.1 33.5 39.7 44.3 41.3 41.4 43.4 44.3 46.5 45.4 20

 21 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Other loans and advances 26.5 26.1 24.2 25.1 27.0 22.2 23.5 26.6 27.0 27.4 30.0 22

 23 Miscellaneous liabilities 19.4 11.1 12.4 12.7 14.2 15.3 15.5 15.4 14.2 13.8 14.3 23
L

e

v

els

Z.1, September 18, 2014 81

L.114 Property-Casualty Insurance Companies

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1380.2 1360.5 1380.0 1442.3 1533.7 1464.3 1477.8 1499.4 1533.7 1541.4 1561.6 1

 2 Checkable deposits and currency 27.6 32.6 24.1 36.4 29.7 31.7 30.6 30.6 29.7 33.4 34.8 2

 3 Money market fund shares 29.6 25.6 20.0 22.3 20.0 21.3 18.1 18.1 20.0 18.2 20.0 3

 4 Security repurchase agreements 4.5 3.8 1.7 1.8 1.8 1.7 1.5 1.5 1.8 1.6 1.7 4

 5 Credit market instruments 886.7 890.6 926.8 927.8 953.1 933.4 936.7 943.5 953.1 950.5 954.1 5

 6 Open market paper 9.8 7.9 8.8 7.4 8.0 7.4 6.6 6.9 8.0 7.3 8.0 6

 7 Treasury securities 88.5 91.7 96.4 89.7 95.7 90.5 89.5 91.3 95.7 95.5 97.7 7

 8 Agency- and GSE-backed securities 116.2 115.8 122.7 114.3 108.7 113.0 111.6 110.2 108.7 106.7 105.5 8

 9 Municipal securities 369.4 348.4 331.0 328.1 325.8 327.8 327.4 326.8 325.8 325.8 325.8 9

 10 Corporate and foreign bonds 298.3 322.6 363.1 382.7 406.9 388.9 395.1 401.2 406.9 407.0 408.4 10

 11 Commercial mortgages 4.4 4.1 4.9 5.6 7.9 5.8 6.6 7.0 7.9 8.3 8.8 11

 12 Corporate equities 215.6 214.8 220.8 252.2 309.7 267.4 272.4 280.5 309.7 312.1 317.9 12

 13 Mutual fund shares 9.5 10.2 9.1 11.8 15.5 12.7 13.0 13.8 15.5 16.0 16.8 13

 14 Trade receivables 83.0 83.8 87.2 92.0 95.2 94.0 96.6 98.3 95.2 100.1 103.9 14

 15 U.S. direct investment abroad 123.7 99.1 90.2 98.0 108.8 102.1 108.9 113.0 108.8 109.6 112.4 15

 16 Total liabilities 804.3 823.2 856.1 880.5 898.2 885.3 889.5 895.1 898.2 900.7 908.8 16

 17 Security repurchase agreements 0.6 1.5 0.4 0.8 2.2 1.1 1.4 1.8 2.2 2.5 2.8 17

 18 Taxes payable (net) -15.8 -10.1 -14.5 -10.8 8.4 -3.2 -5.2 -2.5 8.4 10.2 9.5 18

 19 Foreign direct investment in U.S. 64.7 70.7 73.9 77.1 74.5 82.5 82.4 82.6 74.5 74.0 74.0 19

 20 Miscellaneous liabilities 754.8 761.2 796.4 813.4 813.1 804.9 810.9 813.3 813.1 814.0 822.6 20

 21 Investment by parent companies 0.0 0.0 0.0 11.2 5.2 5.1 5.1 5.3 5.2 4.7 5.1 21

 22 Policy payables 754.8 761.2 796.4 802.1 807.8 799.8 805.8 808.0 807.8 809.3 817.4 22
L

e

v

els

82 Z.1, September 18, 2014

L.115 Life Insurance Companies (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 4823.9 5167.8 5340.1 5614.7 5977.3 5738.6 5750.8 5857.1 5977.3 6049.4 6145.0 1

 2 Checkable deposits and currency 50.7 51.7 53.7 56.4 47.2 56.3 45.5 53.5 47.2 50.1 48.0 2

 3 Money market fund shares 33.7 21.0 28.8 27.5 21.6 20.6 19.1 21.6 21.6 20.2 18.8 3

 4 Security repurchase agreements 10.2 10.9 10.1 8.5 8.5 6.8 6.6 8.0 8.5 6.9 6.5 4

 5 Credit market instruments 3022.6 3174.2 3299.6 3373.9 3451.3 3384.5 3406.3 3424.4 3451.3 3481.0 3508.5 5

 6 Open market paper 49.8 40.9 29.7 43.6 46.7 39.3 39.7 44.4 46.7 46.2 44.6 6

 7 Treasury securities 133.5 156.6 175.4 180.9 168.6 176.1 173.1 170.9 168.6 170.1 171.2 7

 8 Agency- and GSE-backed securities 371.9 376.0 374.4 360.9 354.1 359.5 358.1 355.4 354.1 351.6 348.8 8

 9 Municipal securities 73.1 112.3 121.8 131.5 141.6 134.1 136.8 138.8 141.6 143.9 146.8 9

 10 Corporate and foreign bonds 1927.2 2030.2 2117.3 2162.2 2223.0 2181.2 2198.3 2205.5 2223.0 2248.0 2269.7 10

 11 Other loans and advances 140.9 140.7 148.6 150.4 153.9 149.6 151.3 152.2 153.9 155.9 157.5 11

 12 Mortgages 326.1 317.5 332.5 344.4 363.2 344.6 349.1 357.2 363.2 365.2 369.9 12

 13 Corporate equities 1208.5 1402.6 1390.2 1545.1 1794.4 1638.3 1647.5 1712.3 1794.4 1818.3 1868.0 13

 14 Mutual fund shares 140.8 155.7 150.1 159.3 184.8 167.6 168.8 175.9 184.8 185.6 189.5 14

 15 U.S. direct investment abroad 28.9 46.3 54.2 67.0 65.5 67.0 68.0 67.9 65.5 65.4 64.3 15

 16 Miscellaneous assets 328.7 305.6 353.4 377.0 404.1 397.4 388.9 393.5 404.1 421.8 441.4 16

 17 Equity in FHLB 2.9 2.9 2.1 2.2 3.2 2.1 2.1 2.3 3.2 3.2 3.4 17

 18 Deferred and unpaid life ins. premiums 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 28.9 30.2 18

 19 Other 303.7 278.0 327.0 349.9 373.1 369.4 359.0 364.4 373.1 389.7 407.8 19

 20 Total liabilities 4532.3 4844.3 5002.2 5248.8 5602.8 5365.9 5381.2 5481.5 5602.8 5666.4 5753.5 20

 21 Security repurchase agreements 12.4 10.3 10.4 13.5 12.7 13.7 13.8 13.4 12.7 12.9 12.8 21

 22 Other loans and advances 48.3 45.1 46.8 51.6 59.4 52.9 54.5 53.8 59.4 61.3 63.3 22

 23 Life insurance reserves 1194.5 1229.9 1302.3 1309.0 1366.3 1320.1 1328.1 1347.3 1366.3 1384.2 1393.3 23

 24 Pension entitlements (2) 2148.2 2343.2 2384.6 2576.6 2816.9 2673.1 2683.5 2743.0 2816.9 2845.8 2894.3 24

 25 Taxes payable (net) -31.4 -28.8 -23.6 -28.3 -30.5 -28.4 -30.1 -30.1 -30.5 -29.3 -29.5 25

 26 Foreign direct investment in U.S. 69.4 84.3 103.6 106.0 97.7 107.6 110.2 111.9 97.7 99.1 102.4 26

 27 Miscellaneous liabilities 1090.8 1160.4 1178.1 1220.3 1280.4 1226.9 1221.2 1242.2 1280.4 1292.3 1316.8 27

 28 Investment by parent companies 40.5 62.7 72.0 17.2 10.7 17.4 17.3 17.7 10.7 11.0 11.5 28

 29 Other reserves (3) 273.6 290.7 305.5 303.7 304.2 302.3 302.0 305.6 304.2 307.9 311.1 29

 30 Unallocated insurance contracts 587.6 619.0 623.3 637.3 682.5 640.3 643.0 660.2 682.5 689.6 703.0 30

 31 Other 189.1 187.9 177.2 262.1 283.1 266.9 258.9 258.7 283.1 283.8 291.2 31

(1) Additional detail on the financial assets and liabilities held in life insurer’s general and separate accounts is available on tables L.115.g and L.115.s.

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 30.

(3) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
L

e

v

els

Z.1, September 18, 2014 83

L.116 Private and Public Pension Funds (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets (2) 13165.8 14545.4 14912.9 15719.6 16891.5 16091.3 16235.2 16526.2 16891.5 17061.2 17332.5 1

 2 Checkable deposits and currency 14.0 16.6 22.6 21.2 22.0 21.6 22.6 22.3 22.0 21.8 23.5 2

 3 Time and savings deposits 62.3 67.0 71.1 66.5 74.2 68.0 68.4 69.3 74.2 70.8 72.3 3

 4 Money market fund shares 187.9 179.9 195.5 174.8 185.9 180.1 180.2 179.8 185.9 180.0 184.0 4

 5 Security repurchase agreements 5.9 6.0 6.1 5.7 6.3 5.8 5.8 5.8 6.3 6.0 6.1 5

 6 Credit market instruments 1679.3 1833.2 1946.7 2116.7 2238.8 2130.5 2170.8 2088.6 2238.8 2253.8 2284.8 6

 7 Open market paper 79.6 82.1 86.6 80.4 85.9 82.9 83.1 82.9 85.9 83.4 84.6 7

 8 Treasury securities 457.5 509.5 571.5 647.1 708.9 661.0 670.7 583.3 708.9 720.9 730.6 8

 9 Agency- and GSE-backed securities 351.5 359.4 376.8 421.3 448.4 428.0 438.7 443.4 448.4 448.6 453.7 9

 10 Corporate and foreign bonds 753.2 841.4 876.5 932.7 966.2 924.8 945.6 947.7 966.2 970.0 983.1 10

 11 Mortgages 36.0 38.4 33.7 34.3 28.3 32.9 31.5 30.1 28.3 29.9 31.8 11

 12 Corporate equities 3436.8 3920.7 3736.6 4181.2 5082.2 4536.5 4586.8 4791.9 5082.2 5096.2 5240.4 12

 13 Mutual fund shares 2226.0 2514.3 2410.9 2658.6 3294.9 2893.5 2947.4 3107.8 3294.9 3346.7 3462.8 13

 14 Miscellaneous assets 5553.7 6007.7 6523.4 6494.9 5987.3 6255.4 6253.1 6260.6 5987.3 6085.8 6058.6 14

 15 Unallocated insurance contracts (3) 587.6 619.0 623.3 637.3 682.5 640.3 643.0 660.2 682.5 689.6 703.0 15

 16 Contributions receivable 75.4 90.8 93.8 81.4 80.9 81.8 81.8 81.6 80.9 80.7 81.1 16

 17 Nonmarketable Treasury securities (4) 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 17

 18 Claims of pension fund on sponsor (5) 3212.0 3523.7 3916.2 3812.0 3127.6 3559.0 3630.4 3622.5 3127.6 3208.5 3141.0 18

 19 Other 601.4 631.3 676.4 710.0 744.1 708.7 719.5 734.8 744.1 767.2 791.0 19

 20 Pension entitlements (liabilities) (6) 13306.9 14688.5 15060.1 15881.2 17069.2 16257.5 16401.7 16697.8 17069.2 17239.7 17511.7 20

 Memo:

 Funded status of defined benefit plans:

 21 Pension entitlements 9315.4 10175.7 10568.6 10886.7 11129.6 10944.9 11003.4 11064.5 11129.6 11211.5 11293.9 21

 22 Funded by assets (7) 6103.4 6652.0 6652.4 7074.7 8002.0 7385.9 7373.0 7543.8 8002.0 8003.0 8152.9 22

 23 Unfunded (line 18) 3212.0 3523.7 3916.2 3812.0 3127.6 3559.0 3630.4 3520.8 3127.6 3208.5 3141.0 23

 24 Household retirement assets (8) 19404.0 21481.6 21858.5 23384.2 25713.4 24128.4 24336.8 24961.2 25713.4 26005.0 ND 24

 25 Defined benefit plans 9174.4 10032.7 10421.4 10725.0 10951.9 10778.7 10837.0 10893.0 10951.9 11033.0 11114.6 25

 26 Defined contribution plans 3991.5 4512.7 4491.5 4994.5 5939.6 5312.6 5398.3 5633.2 5939.6 6028.2 6217.8 26

 27 Individual retirement plans (IRAs) (9) 4488.0 5029.0 5001.0 5561.0 6521.0 5852.0 5910.0 6193.0 6521.0 6619.0 ND 27

 28 Annuities at life insurance companies (10) 1750.2 1907.2 1944.6 2103.6 2300.9 2185.1 2191.5 2242.0 2300.9 2324.8 ND 28

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

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

(3) Assets of pension plans held at life insurance companies; series begins 1985:Q4.

(4) 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.

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

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

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

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

(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 27.
L

e

v

els

84 Z.1, September 18, 2014

L.117 Private Pension Funds (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets (2) 5965.8 6613.5 6716.8 7241.5 8105.3 7538.8 7638.5 7848.2 8105.3 8192.0 8363.0 1

 2 Checkable deposits and currency 10.3 12.5 18.1 16.4 16.5 16.7 17.1 16.7 16.5 16.8 17.6 2

 3 Time and savings deposits 32.1 31.4 33.0 29.1 28.8 29.3 29.0 28.7 28.8 29.3 30.0 3

 4 Money market fund shares 146.6 136.4 152.9 135.7 137.9 139.7 139.1 137.6 137.9 136.4 139.2 4

 5 Security repurchase agreements 2.9 2.7 2.7 2.4 2.3 2.4 2.4 2.3 2.3 2.4 2.4 5

 6 Credit market instruments 775.5 896.1 969.7 1116.4 1166.1 1123.4 1146.0 1156.4 1166.1 1164.1 1183.8 6

 7 Open market paper 42.2 40.2 42.6 37.8 34.4 38.4 38.1 36.1 34.4 35.4 36.1 7

 8 Treasury securities 175.7 206.9 233.9 278.3 314.4 290.2 303.1 308.6 314.4 318.1 322.8 8

 9 Agency- and GSE-backed securities 177.5 184.0 188.3 210.4 225.6 213.9 218.0 221.6 225.6 224.3 228.4 9

 10 Corporate and foreign bonds 356.4 438.5 483.0 566.9 572.1 558.7 565.4 569.6 572.1 567.4 576.8 10

 11 Mortgages 23.7 26.5 21.9 23.1 19.7 22.2 21.4 20.5 19.7 18.9 19.8 11

 12 Corporate equities 1569.0 1849.9 1751.8 1974.3 2404.7 2136.4 2168.4 2271.5 2404.7 2445.6 2528.9 12

 13 Mutual fund shares 1886.9 2147.9 2119.7 2384.7 2969.0 2599.2 2651.7 2798.7 2969.0 3023.1 3133.1 13

 14 Miscellaneous assets 1542.4 1536.6 1668.9 1582.5 1379.9 1491.9 1484.9 1436.2 1379.9 1374.4 1327.8 14

 15 Unallocated insurance contracts (3) 453.7 469.4 484.6 503.8 540.3 511.6 513.8 525.3 540.3 546.9 556.3 15

 16 Contributions receivable 75.4 90.8 93.8 81.4 80.9 81.8 81.8 81.6 80.9 80.7 81.1 16

 17 Claims of pension fund on sponsor (4) 497.6 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 17

 18 Other 515.7 529.9 573.3 607.4 627.3 602.8 609.6 621.2 627.3 643.0 658.7 18

 19 Pension entitlements (liabilities) (5) 6002.2 6650.1 6753.3 7278.0 8141.8 7575.3 7675.0 7884.8 8141.8 8228.5 8399.5 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 2662.7 2872.2 2983.7 3054.3 3105.0 3065.3 3076.6 3089.3 3105.0 3112.7 3120.4 20

 21 Funded by assets (6) 2165.1 2425.7 2466.4 2664.5 2973.6 2769.6 2797.0 2881.2 2973.6 3008.9 3088.8 21

 22 Unfunded (line 17) 497.6 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 22

 Total financial assets (7)

 23 Defined benefit plans 2626.3 2835.7 2947.1 3017.8 3068.5 3028.8 3040.1 3052.8 3068.5 3076.2 3083.9 23

 24 Defined contribution plans 3339.5 3777.8 3769.7 4223.7 5036.8 4510.0 4598.4 4795.4 5036.8 5115.8 5279.1 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; 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 tables L.117.b and L.117.c.
L

e

v

els

Z.1, September 18, 2014 85

L.118 State and Local Government Employee Retirement Funds

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets (1) 4277.6 4772.6 4930.1 5093.2 5243.5 5129.6 5156.6 5197.9 5243.5 5295.6 5359.9 1

 2 Checkable deposits and currency 3.6 4.2 4.5 4.8 5.5 4.9 5.6 5.6 5.5 5.0 5.9 2

 3 Time and savings deposits 30.2 35.6 38.0 37.4 45.4 38.7 39.4 40.6 45.4 41.6 42.3 3

 4 Money market fund shares 41.2 43.5 42.6 39.1 48.0 40.4 41.1 42.1 48.0 43.6 44.8 4

 5 Security repurchase agreements 3.0 3.4 3.4 3.3 3.9 3.4 3.4 3.5 3.9 3.6 3.7 5

 6 Credit market instruments 772.9 795.3 809.7 817.7 880.6 827.9 856.7 859.4 880.6 896.0 905.0 6

 7 Open market paper 37.4 41.9 44.0 42.6 51.5 44.5 45.0 46.8 51.5 48.0 48.6 7

 8 Treasury securities 161.8 172.5 184.1 203.2 216.5 207.7 214.5 216.5 216.5 221.8 224.7 8

 9 Agency- and GSE-backed securities 168.7 169.6 182.0 202.9 216.4 206.6 213.7 215.2 216.4 218.6 219.5 9

 10 Municipal securities 1.5 2.3 1.6 0.9 1.2 0.8 1.2 1.1 1.2 1.0 1.0 10

 11 Corporate and foreign bonds 391.1 397.0 386.1 356.8 386.4 357.6 372.2 370.1 386.4 395.6 399.3 11

 12 Mortgages 12.3 11.9 11.9 11.2 8.6 10.7 10.2 9.7 8.6 11.0 11.9 12

 13 Corporate equities 1751.0 1929.9 1850.5 2058.7 2471.3 2232.3 2244.6 2335.9 2471.3 2438.8 2489.6 13

 14 Mutual fund shares 339.1 366.3 291.2 273.9 325.9 294.3 295.7 309.1 325.9 323.6 329.7 14

 15 Miscellaneous assets 1336.5 1594.4 1890.1 1858.3 1462.9 1687.6 1670.0 1601.7 1462.9 1543.3 1539.0 15

 16 Unallocated insurance contracts (2) 133.9 149.6 138.7 133.5 142.2 128.6 129.2 135.0 142.2 142.7 146.6 16

 17 Claims of pension fund on sponsor (3) 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 17

 18 Other 85.7 101.4 103.1 102.6 116.7 106.0 109.9 113.6 116.7 124.2 132.3 18

 19 Pension entitlements (liabilities) (4) 4382.3 4879.1 5040.8 5218.3 5384.6 5259.3 5286.5 5333.0 5384.6 5437.6 5502.6 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 3959.8 4408.7 4604.1 4762.4 4862.9 4787.2 4812.3 4837.7 4862.9 4913.7 4964.5 20

 21 Funded by assets (5) 2842.9 3065.3 2955.8 3140.2 3658.8 3334.3 3381.4 3484.6 3658.8 3637.4 3704.5 21

 22 Unfunded (line 17) 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 22

 Total financial assets (6)

 23 Defined benefit plans 3855.2 4302.2 4493.4 4637.3 4721.7 4657.5 4682.4 4702.7 4721.7 4771.8 4821.8 23

 24 Defined contribution plans 422.4 470.4 436.7 455.9 521.7 472.1 474.3 495.3 521.7 523.8 538.1 24

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

(2) Assets of defined contribution funds held at life insurance companies.

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

(4) Actuarial value of accrued 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.

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables L.118.b and L.118.c.

L.119 Federal Government Employee Retirement Funds

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

 1 Total financial assets (1) 2922.5 3159.3 3266.0 3384.9 3542.8 3422.9 3440.1 3480.0 3542.8 3573.6 3609.6 1

 2 Credit market instruments 130.9 141.8 167.3 182.7 192.1 179.2 168.1 72.8 192.1 193.6 196.0 2

 3 Treasury securities (2) 119.9 130.0 153.5 165.6 178.0 163.2 153.1 58.2 178.0 181.0 183.1 3

 4 Agency- and GSE-backed securities 5.2 5.8 6.5 8.1 6.4 7.5 7.0 6.6 6.4 5.7 5.8 4

 5 Corporate and foreign bonds 5.7 5.9 7.3 9.0 7.7 8.5 8.0 8.0 7.7 6.9 7.0 5

 6 Corporate equities 116.8 140.9 134.4 148.1 206.2 167.8 173.8 184.5 206.2 211.8 221.8 6

 7 Miscellaneous assets 2674.8 2876.6 2964.3 3054.1 3144.5 3076.0 3098.2 3222.8 3144.5 3168.1 3191.8 7

 8 Nonmarketable Treasury securities (3) 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 8

 9 Claims of pension fund on sponsor (4) 1597.6 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 2061.2 1792.1 1828.4 1849.3 9

 10 Pension entitlements (liabilities) (5) 2922.5 3159.3 3266.0 3384.9 3542.8 3422.9 3440.1 3480.0 3542.8 3573.6 3609.6 10

 Memo:

 Funded status of defined benefit plans:

 11 Pension entitlements 2692.9 2894.8 2980.8 3070.0 3161.7 3092.4 3114.5 3137.5 3161.7 3185.1 3208.9 11

 12 Funded by assets (6) 1095.4 1161.1 1230.2 1270.0 1369.6 1282.0 1194.7 1178.0 1369.6 1356.7 1359.7 12

 13 Unfunded (line 9) 1597.6 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 1959.5 1792.1 1828.4 1849.3 13

 Total financial assets (7)

 14 Defined benefit plans 2692.9 2894.8 2980.8 3070.0 3161.7 3092.4 3114.5 3137.5 3161.7 3185.1 3208.9 14

 15 Defined contribution plans 229.6 264.5 285.2 314.9 381.0 330.5 325.6 342.5 381.0 388.5 400.7 15

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

(2) Includes nonmarketable Treasury securities held by the Thrift Savings Plan.

(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.

(4) Unfunded defined benefit pension entitlements and suspended investments in the Thrift Savings Plan G Fund by the Treasury. Negative values indicate overfunding.

(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans, including suspended investments in the Thrift Savings Plan G Fund.

 These liabilities are assets of the household sector.

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

(7) Additional detail on defined benefit plans and defined contribution plans is available on tables L.119.b and L.119.c.
L

e

v

els

86 Z.1, September 18, 2014

L.120 Money Market Mutual Funds (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3258.6 2755.4 2642.5 2649.6 2678.3 2553.8 2541.9 2638.9 2678.3 2592.5 2522.4 1

 2 Foreign deposits 97.1 105.9 42.9 43.3 33.7 48.8 37.1 36.3 33.7 19.4 26.7 2

 3 Checkable deposits and currency 17.9 14.2 20.1 16.5 13.3 10.9 27.5 11.0 13.3 15.5 18.6 3

 4 Time and savings deposits 566.6 458.9 402.7 435.4 494.8 429.6 444.5 494.7 494.8 493.6 509.7 4

 5 Security repurchase agreements 480.0 479.4 490.5 544.7 493.0 470.7 450.4 489.5 493.0 506.4 564.0 5

 6 Credit market instruments 2070.0 1673.4 1663.6 1580.9 1611.8 1562.4 1550.5 1573.6 1611.8 1520.4 1387.3 6

 7 Open market paper 510.5 394.2 354.2 340.8 352.1 350.9 356.2 358.2 352.1 354.4 341.2 7

 8 Treasury securities 406.4 335.4 443.3 457.8 488.2 470.5 449.1 466.8 488.2 454.6 370.5 8

 9 Agency- and GSE-backed securities 543.0 402.8 403.7 343.5 361.1 325.5 344.9 354.3 361.1 326.2 327.8 9

 10 Municipal securities 440.1 386.7 357.3 336.7 308.3 312.6 309.6 305.2 308.3 296.4 281.4 10

 11 Corporate and foreign bonds 169.9 154.2 105.1 102.1 102.1 102.9 90.7 89.2 102.1 88.8 66.4 11

 12 Miscellaneous assets 26.9 23.5 22.7 28.8 31.7 31.5 31.9 33.9 31.7 37.2 16.0 12

 13 Total shares outstanding (liabilities) 3258.6 2755.4 2642.5 2649.6 2678.3 2553.8 2541.9 2638.9 2678.3 2592.5 2522.4 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; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 6920.7 7873.0 7870.9 9326.1 11544.8 10088.7 10297.9 10904.9 11544.8 11898.6 12314.0 1

 2 Security repurchase agreements 153.3 137.5 108.7 262.8 355.7 308.0 328.2 354.0 355.7 381.8 427.1 2

 3 Credit market instruments 2616.3 2969.9 3329.3 3981.3 4345.2 4184.5 4242.8 4287.7 4345.2 4462.9 4580.3 3

 4 Open market paper 80.2 66.3 40.0 77.5 105.2 98.5 100.6 104.6 105.2 113.9 128.9 4

 5 Treasury securities 258.0 379.2 453.8 574.4 627.0 630.0 629.7 625.3 627.0 664.3 656.5 5

 6 Agency- and GSE-backed securities 603.2 681.3 787.5 877.0 855.4 879.4 872.2 852.0 855.4 838.8 828.3 6

 7 Municipal securities 478.8 525.5 541.2 627.4 613.9 646.6 641.0 620.7 613.9 618.2 629.8 7

 8 Corporate and foreign bonds 1120.7 1243.0 1413.4 1719.4 1998.8 1816.6 1868.5 1947.3 1998.8 2067.5 2165.4 8

 9 Other loans and advances 75.4 74.6 93.5 105.7 145.1 113.4 130.9 137.9 145.1 160.1 171.4 9

 10 Corporate equities 4136.2 4762.7 4427.2 5109.4 6852.2 5612.5 5742.2 6246.3 6852.2 7029.5 7282.3 10

 11 Miscellaneous assets 14.9 2.9 5.7 -27.4 -8.3 -16.2 -15.3 17.0 -8.3 24.4 24.3 11

 12 Total shares outstanding (liabilities) 6920.7 7873.0 7870.9 9326.1 11544.8 10088.7 10297.9 10904.9 11544.8 11898.6 12314.0 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; amounts outstanding end of period, not seasonally adjusted

 Closed-end funds

 1 Total financial assets 228.6 243.1 240.5 256.5 284.6 271.5 277.4 280.1 284.6 288.2 295.6 1

 2 Credit market instruments 141.1 146.4 144.7 155.9 170.1 163.5 169.5 169.8 170.1 170.6 171.3 2

 3 Treasury securities 4.4 5.1 4.8 5.2 5.7 5.7 5.8 5.8 5.7 5.8 5.9 3

 4 Municipal securities 81.2 81.6 82.5 85.9 84.2 86.4 86.2 84.8 84.2 85.1 85.7 4

 5 Corporate and foreign bonds 55.6 59.7 57.3 64.8 80.2 71.5 77.5 79.2 80.2 79.7 79.6 5

 6 Corporate equities 87.4 96.7 95.9 100.6 114.5 108.0 107.9 110.4 114.5 117.6 124.3 6

 7 Total shares outstanding (liabilities) 228.6 243.1 240.5 256.5 284.6 271.5 277.4 280.1 284.6 288.2 295.6 7

 Exchange-traded funds

 8 Total financial assets 773.1 986.8 1042.6 1324.4 1670.6 1434.0 1413.7 1537.3 1670.6 1704.1 1822.3 8

 9 Credit market instruments 103.0 132.7 178.8 231.1 243.3 238.2 241.4 245.8 243.3 254.3 266.3 9

 10 Treasury securities 41.8 51.0 62.4 63.6 57.1 62.8 64.1 63.9 57.1 59.3 63.0 10

 11 Municipal securities 5.9 7.6 8.6 12.3 11.4 13.0 12.5 11.5 11.4 11.8 12.6 11

 12 Corporate and foreign bonds 55.4 74.1 107.7 155.3 174.8 162.3 164.9 170.4 174.8 183.2 190.7 12

 13 Corporate equities 670.0 854.1 863.8 1093.3 1427.3 1195.9 1172.2 1291.5 1427.3 1449.9 1555.9 13

 14 Total shares outstanding (liabilities) 773.1 986.8 1042.6 1324.4 1670.6 1434.0 1413.7 1537.3 1670.6 1704.1 1822.3 14
L

e

v

els

Z.1, September 18, 2014 87

L.123 Government-Sponsored Enterprises (GSEs) (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3048.5 6722.4 6480.2 6275.1 6361.3 6328.7 6308.3 6339.7 6361.3 6256.9 6286.3 1

 2 Checkable deposits and currency 99.4 63.4 72.7 52.6 81.6 64.1 51.7 77.4 81.6 45.4 49.3 2

 3 Time and savings deposits 25.7 26.1 13.4 4.3 5.4 3.6 4.8 7.5 5.4 7.9 5.9 3

 4 Federal funds and security repos 123.3 151.2 112.3 150.8 152.3 193.6 151.3 133.4 152.3 127.3 134.3 4

 5 Credit market instruments 2699.7 6333.1 6133.4 5914.8 5956.4 5899.5 5932.8 5954.6 5956.4 5924.2 5945.4 5

 6 Open market paper 9.7 9.9 6.5 3.4 4.4 4.2 4.3 5.0 4.4 4.8 5.7 6

 7 Treasury securities 36.6 82.6 100.2 69.0 59.1 74.6 75.5 82.6 59.1 65.2 64.5 7

 8 Agency- and GSE-backed securities 924.5 377.0 358.9 310.6 287.9 300.6 292.5 294.7 287.9 283.6 285.6 8

 9 Municipal securities 29.1 24.9 21.0 17.0 13.4 16.3 14.8 13.8 13.4 12.7 12.2 9

 10 Corporate and foreign bonds 296.0 266.5 235.7 185.7 126.3 179.9 168.6 139.1 126.3 120.1 109.4 10

 11 Other loans and advances 695.9 551.3 487.0 505.7 587.5 498.8 541.0 547.3 587.5 576.9 628.0 11

 12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Farm Credit System 80.0 87.3 83.8 92.1 95.0 91.4 90.3 89.7 95.0 98.3 97.4 13

 14 FHLB 615.9 464.0 403.3 413.6 492.6 407.4 450.7 457.7 492.6 478.5 530.6 14

 15 Mortgages 707.7 5021.0 4924.0 4823.5 4877.8 4825.0 4836.1 4872.0 4877.8 4861.0 4840.1 15

 16 Home 433.4 4690.7 4587.7 4476.1 4550.6 4480.8 4495.2 4537.0 4550.6 4537.8 4520.7 16

 17 Consolidated trusts (2) 0.0 4141.0 4032.1 3958.0 4087.7 3982.2 4005.6 4064.3 4087.7 4085.6 4073.2 17

 18 Other 433.4 549.7 555.6 518.0 462.9 498.6 489.6 472.7 462.9 452.1 447.4 18

 19 Multifamily residential 204.4 256.5 259.2 265.5 243.5 261.9 258.1 251.8 243.5 238.9 234.3 19

 20 Consolidated trusts (2) 0.0 75.4 99.9 127.4 146.3 133.9 139.2 141.9 146.3 148.8 151.0 20

 21 Other 204.4 181.1 159.4 138.1 97.2 128.0 118.8 109.9 97.2 90.1 83.3 21

 22 Farm 69.9 73.8 77.1 82.0 83.6 82.3 82.8 83.2 83.6 84.4 85.1 22

 23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Miscellaneous assets 100.3 148.6 148.5 152.6 165.6 167.9 167.7 166.8 165.6 152.1 151.4 24

 25 Total liabilities 2977.0 6615.1 6377.9 6216.8 6314.9 6223.6 6259.5 6267.3 6314.9 6222.6 6261.6 25

 26 Federal funds and security repos 1.2 1.3 0.4 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 26

 27 Credit market instruments 2706.6 6434.5 6247.3 6092.7 6200.2 6103.5 6137.6 6147.7 6200.2 6111.4 6150.6 27

 28 GSE issues (4) 2706.6 6434.5 6247.3 6092.7 6200.2 6103.5 6137.6 6147.7 6200.2 6111.4 6150.6 28

 29 Consolidated trusts (2) 0.0 4216.4 4132.0 4085.4 4234.0 4116.1 4144.9 4206.2 4234.0 4234.5 4224.3 29

 30 Other 2706.6 2218.1 2115.4 2007.3 1966.2 1987.4 1992.8 1941.5 1966.2 1876.9 1926.3 30

 31 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Miscellaneous liabilities 269.2 179.4 130.2 124.1 114.7 119.9 121.9 119.6 114.7 111.2 111.1 32

(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; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 1600.0 1

 2 Home mortgages 5266.5 1068.8 1216.8 1321.8 1420.6 1340.2 1366.2 1400.2 1420.6 1432.0 1440.7 2

 3 Multifamily residential mortgages 105.7 66.9 86.4 113.4 147.1 120.6 130.1 138.8 147.1 152.0 157.6 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 4.5 3.8 1.7 1.9 1.8 1.9 1.8 1.8 1.8 1.7 1.7 5

 6 Total pool securities (liabilities)(2) 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 1600.0 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.
L

e

v

els

88 Z.1, September 18, 2014

L.125 Issuers of Asset-Backed Securities (ABS)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3288.8 2235.4 1988.9 1769.6 1481.2 1716.5 1535.6 1505.1 1481.2 1433.3 1412.7 1

 2 Treasury securities 53.9 40.1 29.2 23.4 24.3 20.5 21.2 22.9 24.3 25.0 22.4 2

 3 Agency- and GSE-backed securities (1) 99.6 3.6 0.3 0.3 0.1 0.2 0.1 0.1 0.1 0.1 0.2 3

 4 Other loans and advances 252.2 167.8 162.4 161.7 150.2 150.8 147.6 151.1 150.2 154.7 155.3 4

 5 Mortgages (2) 2249.4 1921.8 1703.2 1493.1 1221.6 1454.9 1282.3 1247.8 1221.6 1172.0 1154.8 5

 6 Home 1577.6 1302.3 1109.0 928.3 791.6 894.7 855.2 821.1 791.6 766.3 741.0 6

 7 Multifamily residential 107.0 98.5 90.8 81.2 75.2 77.7 74.9 74.5 75.2 75.0 74.8 7

 8 Commercial 564.8 521.0 503.4 483.6 354.8 482.6 352.2 352.3 354.8 330.7 339.1 8

 9 Consumer credit 572.5 50.3 46.2 50.0 49.2 50.0 48.2 48.5 49.2 47.3 46.2 9

 10 Trade credit 61.3 51.8 47.6 41.2 35.7 40.1 36.2 34.6 35.7 34.3 33.9 10

 11 Total liabilities 3291.1 2235.4 1988.9 1769.6 1481.2 1716.5 1535.6 1505.1 1481.2 1433.3 1412.7 11

 12 Commercial paper 293.1 120.2 96.0 87.0 79.9 88.0 79.6 79.2 79.9 73.7 70.8 12

 13 Corporate bonds (net) (3) 2998.1 2115.3 1892.8 1682.6 1401.3 1628.5 1456.0 1425.9 1401.3 1359.6 1341.9 13

 Memo:

 Securitized assets not included above

 14 Consumer leases (4) 2.3 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) 18.6 18.1 14.3 15.6 155.2 16.0 146.4 147.1 155.2 175.6 169.7 15

 Securitized liabilities not included above

 16 Commercial paper (6) 0.0 112.9 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 56.0 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; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 1662.5 1588.5 1569.3 1493.7 1472.8 1480.2 1476.1 1487.9 1472.8 1466.6 1463.8 1

 2 Checkable deposits and currency 17.0 26.5 31.7 27.8 32.1 30.2 30.0 34.2 32.1 32.9 32.3 2

 3 Time and savings deposits 51.0 79.6 95.0 83.5 96.2 90.5 90.0 102.5 96.2 98.6 96.9 3

 4 Credit market instruments 1549.7 1405.4 1359.6 1324.9 1305.4 1311.6 1310.6 1311.2 1305.4 1293.8 1294.5 4

 5 Corporate and foreign bonds 198.6 84.1 85.0 78.7 67.9 75.0 70.1 70.0 67.9 71.8 72.5 5

 6 Other loans and advances 448.9 372.7 375.8 387.0 401.3 390.9 394.8 396.9 401.3 398.0 400.8 6

 7 Mortgages 430.3 243.5 211.2 179.5 157.0 174.4 171.2 165.9 157.0 154.1 149.6 7

 8 Consumer credit 471.9 705.0 687.6 679.8 679.1 671.3 674.6 678.5 679.1 669.9 671.6 8

 9 U.S. direct investment abroad 186.9 206.0 221.8 225.4 228.6 228.4 228.5 231.1 228.6 235.8 236.8 9

 10 Miscellaneous assets -142.1 -129.0 -138.7 -168.1 -189.5 -180.5 -183.1 -191.2 -189.5 -194.5 -196.8 10

 11 Total liabilities 1630.3 1558.7 1532.7 1445.6 1424.0 1428.8 1422.7 1432.2 1424.0 1410.5 1406.1 11

 12 Credit market instruments 1044.1 1280.7 1261.9 1205.1 1209.3 1193.0 1196.0 1206.6 1209.3 1196.8 1197.7 12

 13 Open market paper 62.1 111.0 121.0 129.1 118.8 121.8 119.6 124.9 118.8 114.0 109.8 13

 14 Corporate bonds 837.5 1078.2 1038.8 957.5 961.9 952.5 949.0 955.1 961.9 957.6 964.2 14

 15 Depository institution loans n.e.c. 144.5 91.5 102.1 118.5 128.6 118.7 127.5 126.7 128.6 125.2 123.7 15

 16 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Taxes payable 12.7 6.0 6.7 6.7 6.8 6.9 6.8 7.0 6.8 6.8 6.9 17

 18 Foreign direct investment in U.S. 90.0 114.7 91.1 90.9 73.0 91.3 92.0 92.3 73.0 73.4 73.8 18

 19 Miscellaneous liabilities 483.6 157.3 173.0 142.9 134.9 137.6 127.9 126.3 134.9 133.5 127.7 19

 20 Investment by parent 280.5 175.7 163.7 162.8 161.8 160.4 162.6 163.0 161.8 167.1 165.8 20

 21 Other 203.1 -18.4 9.3 -19.9 -26.9 -22.9 -34.7 -36.7 -26.9 -33.5 -38.2 21

 Memo:

 22 Consumer leases not included above (2) 85.4 111.8 119.7 144.0 167.3 149.8 157.2 163.9 167.3 172.1 177.7 22

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.125.
L

e

v

els

Z.1, September 18, 2014 89

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

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 262.8 302.4 433.4 594.2 644.2 595.5 719.0 687.9 644.2 669.0 693.7 1

 2 Checkable deposits and currency 30.9 25.1 27.6 35.3 34.0 40.9 37.5 39.9 34.0 32.9 37.5 2

 3 Credit market instruments 167.2 211.1 331.2 458.5 497.6 448.7 565.9 546.0 497.6 513.7 522.5 3

 4 Agency- and GSE-backed securities 105.2 143.4 248.1 357.6 261.9 345.9 327.5 306.9 261.9 253.1 264.1 4

 5 Corporate and foreign bonds 16.0 23.2 27.0 36.5 36.3 39.8 39.7 40.0 36.3 37.8 37.2 5

 6 Mortgages 46.0 44.6 56.1 64.5 199.3 63.1 198.7 199.1 199.3 222.8 221.3 6

 7 Home 8.9 9.0 19.8 26.5 23.1 26.6 31.2 31.1 23.1 25.3 27.0 7

 8 Multifamily residential 2.3 2.0 1.7 1.9 2.4 2.1 2.8 2.7 2.4 2.2 2.2 8

 9 Commercial 34.8 33.7 34.6 36.1 173.9 34.3 164.7 165.3 173.9 195.3 192.0 9

 10 Miscellaneous assets 64.8 66.1 74.7 100.4 112.6 105.9 115.7 102.0 112.6 122.4 133.6 10

 11 Total liabilities 489.9 523.9 654.4 817.8 907.9 814.4 942.7 917.4 907.9 936.2 962.2 11

 12 Security repurchase agreements 90.5 120.4 218.1 320.6 254.0 322.0 309.8 288.8 254.0 240.6 249.9 12

 13 Credit market instruments 339.8 339.9 365.5 401.0 579.4 403.0 540.6 550.2 579.4 614.4 626.8 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds 144.4 145.4 152.9 179.6 353.2 182.4 316.7 325.4 353.2 382.1 395.9 15

 16 Depository institution loans n.e.c. 20.2 18.4 23.0 27.0 24.0 21.1 23.2 27.6 24.0 27.0 24.0 16

 17 Mortgages 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 205.3 206.9 17

 18 Miscellaneous liabilities 59.6 63.7 70.8 96.3 74.6 89.4 92.3 78.5 74.6 81.1 85.5 18

 Memo:

 19 Securitized assets included above 18.6 18.1 14.3 15.6 155.2 16.0 146.4 147.1 155.2 175.6 169.7 19

 20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Home mortgages 6.1 7.2 6.5 10.2 14.2 10.6 12.6 12.8 14.2 14.5 14.2 21

 22 Multifamily residential mortgages 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 22

 23 Commercial mortgages 12.2 10.6 7.5 5.2 140.7 5.0 133.5 134.0 140.7 160.8 155.2 23

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables L.127.e and L.127.m.
L

e

v

els

90 Z.1, September 18, 2014

L.128 Security Brokers and Dealers

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3269.3 3503.6 3532.8 3706.5 3408.4 3607.7 3561.9 3473.5 3408.4 3424.4 3387.9 1

 2 Checkable deposits and currency 90.7 96.9 111.8 128.2 111.7 111.6 121.8 116.8 111.7 112.2 114.5 2

 3 Security repurchase agreements 1185.0 1428.5 1583.1 1638.2 1321.0 1518.5 1478.9 1413.9 1321.0 1270.6 1231.5 3

 4 Credit market instruments 525.3 557.5 563.2 652.3 476.9 602.7 516.9 499.1 476.9 450.6 430.7 4

 5 Open market paper 41.5 36.2 42.1 29.9 28.7 30.0 29.4 31.0 28.7 34.4 32.4 5

 6 Treasury securities 123.0 94.5 183.6 246.5 136.0 202.6 165.6 166.3 136.0 108.2 81.0 6

 7 Agency- and GSE-backed securities 110.9 149.8 147.7 169.6 114.2 153.9 125.8 105.7 114.2 113.3 114.2 7

 8 Municipal securities 35.4 40.0 30.9 26.6 18.6 31.0 19.0 18.3 18.6 16.9 18.2 8

 9 Corporate and foreign bonds 154.4 189.5 104.5 140.0 128.9 148.0 134.8 134.1 128.9 128.1 132.7 9

 10 Other loans and advances 60.1 47.4 54.3 39.6 50.4 37.2 42.2 43.8 50.4 49.8 52.3 10

 11 Corporate equities 124.2 117.2 103.2 126.7 172.4 117.1 121.4 126.8 172.4 153.2 167.9 11

 12 Security credit 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 320.6 376.2 12

 13 U.S. direct investment abroad 231.0 239.3 201.7 217.5 225.8 221.6 223.4 225.5 225.8 228.0 232.0 13

 14 Miscellaneous assets 910.1 786.0 730.9 639.8 761.4 728.2 797.0 777.8 761.4 889.2 835.1 14

 15 Total liabilities 3162.7 3404.3 3460.5 3621.4 3324.6 3518.2 3473.7 3387.2 3324.6 3338.4 3304.5 15

 16 Security repurchase agreements 1810.4 2006.3 2076.7 2207.9 1768.6 2084.7 2001.0 1909.9 1768.6 1709.7 1679.4 16

 17 Credit market instruments 92.9 129.7 91.8 90.2 112.4 89.1 103.1 96.1 112.4 122.0 113.4 17

 18 Corporate bonds 92.9 129.7 91.8 90.2 112.4 89.1 103.1 96.1 112.4 122.0 113.4 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 0.0 19

 20 Trade payables 70.1 18.1 14.3 14.2 14.5 15.4 15.6 13.3 14.5 14.8 17.8 20

 21 Security credit 733.7 763.5 795.4 828.2 897.1 821.6 870.0 870.0 897.1 952.5 956.9 21

 22 From households 701.7 725.2 726.1 757.0 815.5 743.6 794.0 791.5 815.5 866.2 870.0 22

 23 From U.S.-chartered depository institutions 20.4 23.6 35.8 45.0 52.9 47.9 51.8 53.9 52.9 58.4 61.0 23

 24 From foreign banking offices in U.S. 11.6 14.7 33.5 26.2 28.7 30.2 24.2 24.7 28.7 28.0 25.9 24

 25 Taxes payable 5.7 3.6 2.5 3.1 3.7 4.4 4.4 4.6 3.7 4.5 5.1 25

 26 Foreign direct investment in U.S. 64.4 88.5 104.6 110.4 119.5 112.2 113.7 114.3 119.5 121.7 121.7 26

 27 Miscellaneous liabilities 385.6 394.6 375.1 367.4 408.7 390.8 365.8 378.9 408.7 413.1 410.1 27

 28 Investment by parent companies 1119.3 1122.9 1163.3 1629.2 1671.8 1638.2 1651.0 1620.4 1671.8 1683.2 1713.8 28

 29 Other -733.7 -728.3 -788.1 -1261.8 -1263.1 -1247.4 -1285.2 -1241.5 -1263.1 -1270.1 -1303.7 29

(1) Includes 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).
L

e

v

els

Z.1, September 18, 2014 91

L.129 Holding Companies (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3317.2 3312.7 3357.3 4284.3 4243.7 4374.2 4330.9 4353.3 4243.7 4287.1 4354.3 1

 2 Time and savings deposits 11.2 10.0 12.4 34.4 35.9 30.8 32.7 32.6 35.9 37.5 31.4 2

 3 Federal funds and security repos 48.2 50.3 50.5 10.5 7.7 10.1 7.0 9.8 7.7 7.6 9.5 3

 4 Credit market instruments 75.8 97.9 101.1 209.2 151.8 213.3 226.1 217.8 151.8 145.5 143.5 4

 5 Treasury securities 5.8 19.6 26.8 8.2 16.6 9.5 18.7 17.1 16.6 16.5 21.8 5

 6 Agency- and GSE-backed securities 24.3 21.1 33.1 22.9 28.0 26.0 25.0 29.1 28.0 26.1 26.4 6

 7 Corporate and foreign bonds 31.1 38.3 18.3 72.7 31.5 71.8 71.7 71.1 31.5 29.8 31.2 7

 8 Other loans and advances 14.6 18.9 22.9 105.3 75.7 106.0 110.7 100.5 75.7 73.0 64.1 8

 9 Life insurance reserves 21.4 25.1 27.6 34.9 39.9 36.1 36.4 37.5 39.9 41.1 42.4 9

 10 Miscellaneous assets 3160.6 3129.4 3165.9 3995.3 4008.3 4083.8 4028.7 4055.6 4008.3 4055.4 4127.4 10

 11 Net trans. with depository subs. 1599.5 1632.8 1709.0 1889.2 1937.3 1916.9 1880.5 1898.0 1937.3 1978.7 2028.2 11

 12 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 11.2 5.2 5.1 5.1 5.3 5.2 4.7 5.1 12

 13 Net trans. with life insurance company subs. 40.5 62.7 72.0 17.2 10.7 17.4 17.3 17.7 10.7 11.0 11.5 13

 14 Net trans. with finance company subs. 209.3 115.0 94.6 91.1 75.4 74.7 75.8 75.9 75.4 77.8 77.3 14

 15 Net trans. with broker and dealer subs. 596.1 626.6 613.5 1060.5 1087.6 1054.3 1072.5 1032.3 1087.6 1095.8 1110.9 15

 16 Net trans. with foreign subs. 125.1 135.6 166.3 114.7 97.8 137.2 100.7 127.3 97.8 95.8 100.7 16

 17 Other 590.3 556.7 510.4 811.3 794.3 878.2 876.9 899.0 794.3 791.5 793.7 17

 18 Total liabilities 1805.1 1762.7 1706.4 2238.7 2142.1 2294.1 2258.4 2258.0 2142.1 2142.3 2150.8 18

 19 Federal funds and security repos 0.6 0.8 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Credit market instruments 1253.7 1237.2 1220.8 1416.4 1402.7 1410.3 1372.9 1363.4 1402.7 1405.9 1406.9 20

 21 Commercial paper 60.8 64.7 75.9 116.4 96.6 117.7 110.6 109.4 96.6 89.7 91.3 21

 22 Corporate bonds 1028.7 982.2 890.6 1103.2 1095.6 1091.7 1057.1 1071.3 1095.6 1107.6 1129.4 22

 23 Depository institution loans n.e.c. 164.2 190.3 254.3 196.8 210.6 200.9 205.2 182.8 210.6 208.6 186.2 23

 24 Miscellaneous liabilities 550.9 524.6 484.4 822.3 739.4 883.8 885.5 894.5 739.4 736.4 743.9 24

(1) Parent-only bank holding companies and savings and loan holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
L

e

v

els

92 Z.1, September 18, 2014

L.130 Funding Corporations (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1773.9 1610.1 1448.4 1363.3 1309.9 1372.5 1356.7 1367.7 1309.9 1326.6 1311.8 1

 2 Money market fund shares 752.1 604.1 514.9 483.0 424.2 438.3 433.3 454.4 424.2 397.4 362.3 2

 3 Security repurchase agreements 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 270.2 311.6 245.8 185.4 177.9 207.4 202.8 206.6 177.9 218.0 225.7 4

 5 Open market paper 72.0 126.7 120.5 103.0 88.9 119.5 108.6 114.9 88.9 116.2 127.2 5

 6 Corporate and foreign bonds 175.3 163.4 105.8 69.6 78.4 75.0 82.4 81.3 78.4 90.4 85.9 6

 7 Other loans and advances 22.9 21.4 19.4 12.9 10.6 12.9 11.8 10.4 10.6 11.4 12.6 7

 8 Corporate equities (2) 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 726.3 667.9 687.6 694.8 707.8 726.8 720.6 706.8 707.8 711.2 723.8 9

 10 Investment in foreign banking offices 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 120.8 10

 11 Investment in brokers and dealers 523.2 496.4 549.7 568.8 584.3 583.9 578.5 588.1 584.3 587.3 602.9 11

 12 Total liabilities 1773.9 1610.1 1448.4 1363.3 1309.9 1372.5 1356.7 1367.7 1309.9 1326.6 1311.8 12

 13 Credit market instruments 816.8 704.2 651.8 593.5 620.5 625.2 619.9 612.2 620.5 636.5 647.8 13

 14 Open market paper 261.7 167.1 94.3 29.0 45.2 51.7 52.1 29.1 45.2 62.4 56.6 14

 15 Corporate bonds 457.8 454.6 526.2 561.5 572.9 571.0 565.4 580.8 572.9 571.7 588.8 15

 16 Depository institution loans n.e.c. (3) 95.3 73.4 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other loans and advances (4) 2.0 9.2 9.8 3.0 2.4 2.5 2.4 2.4 2.4 2.4 2.4 17

 18 Foreign direct investment in U.S. 10.8 11.4 12.0 12.6 13.2 12.8 12.9 13.1 13.2 13.4 13.5 18

 19 Miscellaneous liabilities 946.3 894.5 784.6 757.2 676.1 734.6 723.9 742.4 676.1 676.7 650.5 19

 20 Securities loaned (net) 856.8 733.4 658.7 579.5 673.5 638.6 713.2 702.3 673.5 793.5 748.2 20

 21 Equity interest under PPIP 1.8 7.7 8.8 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 21

 22 Other (net) 87.6 153.5 117.1 168.9 -6.2 87.3 2.0 31.5 -6.2 -125.5 -106.5 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.
L

e

v

els

Z.1, September 18, 2014 93

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 174.8 175.5 190.9 193.2 187.7 188.1 187.6 190.7 187.7 187.7 189.1 1

 2 Federal government: SDR allocations 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 54.6 2

 3 Rest of the world 119.4 121.1 136.7 138.9 133.4 135.1 134.5 136.5 133.4 133.1 134.5 3

 4 SDR holdings 57.8 56.8 55.0 55.1 55.2 53.7 53.9 55.0 55.2 55.4 55.4 4

 5 Reserve position in IMF 11.4 12.5 30.1 34.2 30.8 34.0 33.9 33.5 30.8 29.8 30.9 5

 6 Other reserves 50.2 51.8 51.6 49.7 47.4 47.4 46.8 48.1 47.4 47.9 48.2 6

 7 Total assets 185.8 186.6 201.9 204.3 198.8 199.1 198.7 201.8 198.8 198.7 200.1 7

 8 Federal government 94.3 95.1 110.9 114.2 109.8 111.6 111.3 112.6 109.8 109.3 110.6 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 SDR holdings 57.8 56.8 55.0 55.1 55.2 53.7 53.9 55.0 55.2 55.4 55.4 10

 11 Reserve position in IMF 11.5 12.6 30.3 34.4 31.0 34.3 34.1 33.7 31.0 30.1 31.1 11

 12 Other reserves 25.0 25.7 25.6 24.7 23.6 23.6 23.3 24.0 23.6 23.8 24.1 12

 13 Rest of the world: SDR allocations 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 54.6 13

 14 Monetary authority 36.2 37.0 36.8 35.8 34.6 34.5 34.3 35.0 34.6 34.8 34.9 14

 15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

 16 Reserve position in IMF -0.1 -0.1 -0.3 -0.2 -0.2 -0.3 -0.3 -0.2 -0.2 -0.2 -0.2 16

 17 Other reserves 25.3 26.1 26.0 25.0 23.8 23.7 23.5 24.2 23.8 24.0 24.1 17

 18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

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

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

 SDR certificates:

 1 Liab: Federal government 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 26.2 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 25.6 3

 4 Asset: Monetary authority 42.7 43.5 44.2 44.8 45.5 45.0 45.1 45.3 45.5 45.7 46.0 4

 5 Discrepancy (seigniorage) -16.5 -17.6 -18.3 -18.8 -19.9 -19.0 -19.2 -19.8 -19.9 -20.2 -20.4 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 1258.4 1303.9 1066.4 922.8 954.8 974.1 1015.6 1014.7 954.8 927.9 906.4 1

 Held by:

 2 Household sector 62.7 67.3 57.4 49.7 52.5 52.9 56.2 56.7 52.5 51.5 49.8 2

 3 Nonfinancial corporate business 31.5 40.6 34.8 35.8 87.8 56.6 68.3 70.1 87.8 75.6 76.6 3

 4 Money market mutual funds 97.1 105.9 42.9 43.3 33.7 48.8 37.1 36.3 33.7 19.4 26.7 4

 5 Discrepancy--unallocated assets 1067.0 1090.1 931.3 794.0 780.8 815.8 854.0 851.6 780.8 781.4 753.3 5
L

e

v

els

94 Z.1, September 18, 2014

L.203 Net Interbank Transactions

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1215.5 1068.5 1889.0 1683.8 2795.4 2096.9 2580.4 2767.7 2795.4 3006.6 3020.2 1

 2 Monetary authority 1031.9 1020.8 1623.1 1562.1 2322.7 1850.0 2073.5 2294.6 2322.7 2509.1 2520.8 2

 3 U.S.-chartered depository institutions 633.7 428.3 164.9 36.7 227.8 96.6 135.4 191.0 227.8 213.3 221.9 3

 4 Foreign banking offices in U.S. -377.8 -347.1 157.5 155.6 313.1 219.7 438.5 351.6 313.1 353.5 348.5 4

 5 Banks in U.S.-affiliated areas -4.2 -3.3 -4.6 -4.9 -4.7 -4.6 -5.3 -5.0 -4.7 -5.5 -5.8 5

 6 Credit unions -68.1 -30.0 -51.9 -65.7 -63.5 -64.7 -61.8 -64.5 -63.5 -63.8 -65.1 6

 7 Total assets 1212.4 1043.8 1860.7 1663.8 2718.5 2047.0 2553.8 2734.7 2718.5 2956.8 2983.8 7

 8 Rest of the world 86.0 24.2 238.1 102.1 396.7 197.6 480.9 440.5 396.7 448.2 463.4 8

 9 Monetary authority 94.5 -1.2 -0.4 -0.4 -0.9 -0.6 -0.6 -0.4 -0.9 -0.5 -0.4 9

 10 U.S.-chartered depository institutions 716.3 628.5 859.5 869.6 1326.5 1040.7 1061.4 1284.6 1326.5 1376.0 1404.7 10

 11 Foreign banking offices in U.S. 284.1 350.8 711.0 638.8 948.1 741.3 959.6 963.5 948.1 1071.1 1068.7 11

 12 Credit unions 31.5 41.5 52.6 53.8 48.1 68.0 52.5 46.4 48.1 62.0 47.5 12

 13 Discrepancy 3.0 24.8 28.3 20.1 76.9 49.9 26.6 32.9 76.9 49.8 36.4 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 64.9 14

 15 Asset: U.S.-chartered depository institutions 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 64.9 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 16

 Depository institution reserves:

 17 Liab.: Monetary authority 977.0 968.1 1562.3 1491.0 2249.1 1790.4 2013.3 2232.4 2249.1 2444.3 2455.8 17

 18 Asset: U.S.-chartered depository institutions 661.4 575.8 798.7 798.5 1252.9 981.1 1001.2 1222.5 1252.9 1311.3 1339.8 18

 19 Foreign banking offices in U.S. 284.1 350.8 711.0 638.8 948.0 741.3 959.6 963.5 948.0 1071.0 1068.6 19

 20 Credit unions 31.5 41.5 52.6 53.8 48.1 68.0 52.5 46.4 48.1 62.0 47.5 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions 94.5 -1.2 -0.4 -0.4 -0.9 -0.6 -0.6 -0.4 -0.9 -0.5 -0.4 21

 22 Asset: Monetary authority 94.5 -1.2 -0.4 -0.4 -0.9 -0.6 -0.6 -0.4 -0.9 -0.5 -0.4 22

 23 Federal Reserve float -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 -0.7 -0.6 -1.0 -0.5 -0.5 23

 24 Loans to member banks 96.6 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0.0 0.2 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 498.6 420.1 110.9 23.0 176.5 78.1 128.4 162.0 176.5 190.6 202.8 25

 26 Due to foreign affiliates 803.3 824.8 602.6 403.6 507.3 415.6 421.1 433.1 507.3 500.6 481.1 26

 27 - Due from foreign affiliates 304.7 404.6 491.7 380.6 330.7 337.5 292.7 271.1 330.7 310.0 278.3 27

 28 Foreign banking offices in U.S. (net) -413.2 -376.1 135.9 84.3 224.7 123.6 358.0 278.6 224.7 260.1 265.6 28

 29 Due to foreign affiliates 787.3 841.2 1137.9 1047.9 1173.7 1061.0 1258.1 1153.6 1173.7 1193.0 1210.5 29

 30 - Due from foreign affiliates 1200.5 1217.3 1002.0 963.6 949.0 937.4 900.1 875.1 949.0 932.9 944.9 30

 31 Less: Deposits at foreign banks 21.7 35.3 22.9 20.3 20.0 19.9 20.2 18.3 20.0 20.5 21.5 31

 32 U.S.-chartered depository institutions 11.3 18.2 14.3 11.0 11.5 11.5 12.1 11.3 11.5 12.5 13.2 32

 33 Foreign banking offices in U.S. 10.4 17.0 8.6 9.3 8.5 8.4 8.1 7.0 8.5 8.0 8.4 33

 34 Plus: Loans from foreign banks 22.3 15.5 14.2 15.1 15.5 15.7 14.8 18.2 15.5 18.0 16.5 34

 35 U.S.-chartered depository institutions 9.7 6.3 6.7 6.4 6.4 6.7 7.3 7.6 6.4 6.8 6.2 35

 36 Foreign banking offices in U.S. 12.6 9.2 7.5 8.6 9.1 9.0 7.4 10.7 9.1 11.3 10.4 36

 37 Asset: Rest of the world (1) 86.0 24.2 238.1 102.1 396.7 197.6 480.9 440.5 396.7 448.2 463.4 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) 42.2 21.3 62.1 18.7 57.2 23.8 12.4 33.1 57.2 29.0 26.5 38

 39 Due to (3): 109.3 91.2 112.9 122.0 174.1 145.8 125.1 152.4 174.1 153.1 146.6 39

 40 Foreign banking offices in U.S. 33.9 33.1 28.2 31.3 29.0 26.5 31.5 50.0 29.0 34.0 39.2 40

 41 Banks in U.S.-affiliated areas 4.2 3.3 4.6 4.9 4.7 4.6 5.3 5.0 4.7 5.5 5.8 41

 42 Credit unions 68.1 30.0 51.9 65.7 63.5 64.7 61.8 64.5 63.5 63.8 65.1 42

 43 - Due from: Foreign banking offices in U.S. 67.0 69.9 50.8 103.3 116.9 122.0 112.6 119.3 116.9 124.2 120.1 43

 44 Unallocated (2) 3.0 24.8 28.3 20.1 76.9 49.9 26.6 32.9 76.9 49.8 36.4 44

(1) Sum of lines 25 and 28 less line 31 plus line 34.

(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 44), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, 42, and 44.
L

e

v

els

Z.1, September 18, 2014 95

L.204 Checkable Deposits and Currency

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 2093.4 2359.8 2594.3 2853.8 3186.5 2872.9 2892.3 2924.6 3186.5 3183.8 3293.3 1

 2 Monetary authority 1102.7 1287.8 1165.7 1224.6 1364.1 1226.1 1298.1 1266.5 1364.1 1364.4 1374.1 2

 3 Federal government cash and deposits 191.9 340.9 85.9 92.9 162.6 79.4 135.0 88.6 162.6 142.5 139.4 3

 4 Due to government-sponsored enterprises 35.1 13.5 64.6 27.2 25.9 20.2 19.5 24.1 25.9 10.8 11.2 4

 5 Deposits due to foreign 2.4 3.4 0.2 6.5 8.0 9.2 10.1 9.0 8.0 7.0 6.0 5

 6 Currency outside banks 873.3 930.0 1015.0 1098.1 1167.6 1117.3 1133.6 1144.9 1167.6 1204.1 1217.6 6

 7 U.S.-chartered depository institutions 871.6 941.1 1260.5 1431.7 1579.8 1436.6 1372.9 1429.1 1579.8 1558.5 1649.4 7

 8 Federal government deposits 3.8 3.6 1.0 1.3 1.6 1.5 1.3 1.3 1.6 1.7 1.8 8

 9 Deposits due to foreign 34.3 30.4 56.1 51.8 50.2 46.3 40.5 49.5 50.2 51.8 55.1 9

 10 Private domestic deposits 833.5 907.0 1203.5 1378.5 1528.1 1388.8 1331.0 1378.4 1528.1 1505.0 1592.5 10

 11 Foreign banking offices in U.S. 16.1 21.9 45.6 61.8 92.6 63.7 73.4 82.0 92.6 101.7 110.4 11

 12 Deposits due to foreign 10.5 14.6 19.0 27.9 40.2 28.5 32.3 34.2 40.2 44.3 52.1 12

 13 Private domestic deposits 5.6 7.3 26.6 33.9 52.4 35.1 41.2 47.9 52.4 57.3 58.3 13

 14 Banks in U.S.-affiliated areas 16.1 16.6 19.4 21.9 28.2 22.1 26.3 27.7 28.2 27.3 28.6 14

 15 Credit unions 86.9 92.4 103.1 113.9 121.7 124.5 121.7 119.3 121.7 131.9 130.8 15

 16 Total assets 2093.4 2359.8 2594.3 2853.8 3186.5 2872.9 2892.3 2924.6 3186.5 3183.8 3293.3 16

 17 Household sector 396.1 423.7 752.2 899.1 1035.0 925.7 908.3 896.3 1035.0 1082.6 1150.5 17

 18 Nonfinancial business 689.3 766.1 793.5 823.6 897.8 837.9 813.8 859.5 897.8 866.8 881.3 18

 19 Corporate 154.9 234.5 264.2 279.4 357.3 296.5 272.7 318.9 357.3 323.6 332.2 19

 20 Noncorporate 534.4 531.6 529.3 544.2 540.5 541.4 541.1 540.6 540.5 543.2 549.1 20

 21 State and local governments 99.0 104.6 121.2 117.2 123.9 114.4 111.2 114.9 123.9 121.3 120.3 21

 22 Federal government 193.9 342.3 84.6 92.2 163.0 79.6 135.4 88.6 163.0 142.6 139.5 22

 23 Rest of the world 361.0 390.5 472.3 540.4 590.3 543.2 551.5 573.9 590.3 620.2 636.8 23

 24 Checkable deposits 47.2 48.4 75.2 86.2 98.4 84.0 82.9 92.6 98.4 103.1 113.1 24

 25 Currency 313.8 342.1 397.1 454.2 491.9 459.2 468.7 481.3 491.9 517.1 523.6 25

 26 Financial sectors 348.2 327.1 364.3 374.4 371.5 367.4 367.2 385.6 371.5 344.2 358.5 26

 27 Property-casualty insurance companies 27.6 32.6 24.1 36.4 29.7 31.7 30.6 30.6 29.7 33.4 34.8 27

 28 Life insurance companies 50.7 51.7 53.7 56.4 47.2 56.3 45.5 53.5 47.2 50.1 48.0 28

 29 Private pension funds 10.3 12.5 18.1 16.4 16.5 16.7 17.1 16.7 16.5 16.8 17.6 29

 30 State and local govt. retirement funds 3.6 4.2 4.5 4.8 5.5 4.9 5.6 5.6 5.5 5.0 5.9 30

 31 Money market mutual funds 17.9 14.2 20.1 16.5 13.3 10.9 27.5 11.0 13.3 15.5 18.6 31

 32 Government-sponsored enterprises 99.4 63.4 72.7 52.6 81.6 64.1 51.7 77.4 81.6 45.4 49.3 32

 33 Finance companies 17.0 26.5 31.7 27.8 32.1 30.2 30.0 34.2 32.1 32.9 32.3 33

 34 REITs 30.9 25.1 27.6 35.3 34.0 40.9 37.5 39.9 34.0 32.9 37.5 34

 35 Brokers and dealers 90.7 96.9 111.8 128.2 111.7 111.6 121.8 116.8 111.7 112.2 114.5 35

 36 Mail float 6.0 5.4 6.3 7.0 4.9 4.6 4.9 5.7 4.9 6.0 6.4 36
L

e

v

els

96 Z.1, September 18, 2014

L.205 Time and Savings Deposits 

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 8432.5 8548.1 8952.2 9463.7 9872.9 9521.6 9572.5 9789.7 9872.9 10075.7 10141.0 1

 2 Small time and savings deposits 6326.5 6624.9 7202.2 7803.9 8110.8 7869.1 7890.1 8052.9 8110.8 8265.3 8291.6 2

 3 U.S.-chartered depository institutions 5617.0 5888.6 6425.7 6979.2 7236.0 7018.6 7033.2 7183.1 7236.0 7375.8 7397.1 3

 4 Foreign banking offices in U.S. 29.9 35.7 48.9 62.7 90.4 67.9 70.6 85.9 90.4 84.5 87.6 4

 5 Banks in U.S.-affiliated areas 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 21.4 5

 6 Credit unions 655.2 681.3 708.7 743.1 763.1 763.4 765.7 762.2 763.1 784.3 785.5 6

 7 Large time deposits (1) 2105.9 1923.2 1750.0 1659.9 1762.0 1652.5 1682.4 1736.8 1762.0 1810.4 1849.4 7

 8 U.S.-chartered depository institutions 1029.9 896.1 882.9 803.0 826.9 777.6 804.4 799.3 826.9 815.4 847.9 8

 9 Foreign banking offices in U.S. 1024.2 977.7 814.6 798.4 869.5 814.4 816.0 872.4 869.5 927.8 934.7 9

 10 Banks in U.S.-affiliated areas 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 21.4 10

 11 Credit unions 27.3 30.1 33.5 39.7 44.3 41.3 41.4 43.4 44.3 46.5 45.4 11

 12 Total assets 8432.5 8548.1 8952.2 9463.7 9872.9 9521.6 9572.5 9789.7 9872.9 10075.7 10141.0 12

 13 Household sector 6326.0 6450.8 6822.2 7190.7 7397.8 7247.5 7255.4 7338.7 7397.8 7581.3 7588.8 13

 14 Nonfinancial business 842.1 905.0 922.1 963.9 1022.3 963.9 983.8 1023.9 1022.3 1011.5 1034.6 14

 15 Corporate 488.8 548.7 561.9 598.8 649.5 598.3 615.8 653.7 649.5 636.9 655.8 15

 16 Noncorporate 353.3 356.2 360.1 365.1 372.7 365.7 368.0 370.2 372.7 374.6 378.8 16

 17 State and local governments 246.4 240.6 256.2 289.5 301.9 293.5 291.8 299.0 301.9 313.9 306.8 17

 18 Federal government 1.9 2.0 1.7 2.0 1.5 1.6 1.8 1.9 1.5 1.5 1.5 18

 19 Rest of the world 299.2 308.2 355.6 393.4 442.8 392.5 399.4 419.5 442.8 459.0 493.1 19

 20 Financial sectors 716.8 641.6 594.5 624.2 706.5 622.5 640.4 706.7 706.5 708.5 716.2 20

 21 Private pension funds 32.1 31.4 33.0 29.1 28.8 29.3 29.0 28.7 28.8 29.3 30.0 21

 22 State and local govt. retirement funds 30.2 35.6 38.0 37.4 45.4 38.7 39.4 40.6 45.4 41.6 42.3 22

 23 Money market mutual funds 566.6 458.9 402.7 435.4 494.8 429.6 444.5 494.7 494.8 493.6 509.7 23

 24 Government-sponsored enterprises 25.7 26.1 13.4 4.3 5.4 3.6 4.8 7.5 5.4 7.9 5.9 24

 25 Finance companies 51.0 79.6 95.0 83.5 96.2 90.5 90.0 102.5 96.2 98.6 96.9 25

 26 Holding companies 11.2 10.0 12.4 34.4 35.9 30.8 32.7 32.6 35.9 37.5 31.4 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 3258.6 2755.4 2642.5 2649.6 2678.3 2553.8 2541.9 2638.9 2678.3 2592.5 2522.4 1

 2 Household sector 1313.1 1130.1 1114.9 1123.9 1145.2 1069.6 1062.4 1109.2 1145.2 1114.2 1072.0 2

 3 Nonfinancial corporate business 655.5 497.8 462.4 480.6 521.1 476.0 473.1 500.0 521.1 497.1 493.4 3

 4 Nonfinancial noncorporate business 73.7 76.8 77.7 78.7 80.4 78.9 79.4 79.8 80.4 80.8 81.7 4

 5 State and local governments 136.1 150.2 154.0 161.9 166.6 165.6 166.4 165.9 166.6 169.5 173.7 5

 6 Rest of the world 76.9 69.8 74.4 96.9 113.3 103.4 110.0 110.1 113.3 115.0 116.3 6

 7 Property-casualty insurance companies 29.6 25.6 20.0 22.3 20.0 21.3 18.1 18.1 20.0 18.2 20.0 7

 8 Life insurance companies 33.7 21.0 28.8 27.5 21.6 20.6 19.1 21.6 21.6 20.2 18.8 8

 9 Private pension funds 146.6 136.4 152.9 135.7 137.9 139.7 139.1 137.6 137.9 136.4 139.2 9

 10 State and local govt. retirement funds 41.2 43.5 42.6 39.1 48.0 40.4 41.1 42.1 48.0 43.6 44.8 10

 11 Funding corporations 752.1 604.1 514.9 483.0 424.2 438.3 433.3 454.4 424.2 397.4 362.3 11
L

e

v

els

Z.1, September 18, 2014 97

L.207 Federal Funds and Security Repurchase Agreements

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 3175.6 3597.9 3878.7 4130.1 3652.9 3962.5 3798.2 3766.8 3652.9 3722.7 3791.7 1

 2 Rest of the world 454.8 663.7 764.7 805.1 721.6 784.5 741.8 787.5 721.6 792.2 755.9 2

 3 Monetary authority 77.7 59.7 99.9 107.2 315.9 105.5 95.2 157.4 315.9 341.0 456.5 3

 4 U.S.-chartered depository institutions 532.1 484.0 402.5 349.9 265.2 327.3 325.1 301.3 265.2 267.2 267.9 4

 5 Foreign banking offices in U.S. 195.2 250.0 304.4 325.0 312.7 323.6 310.0 306.7 312.7 356.5 366.5 5

 6 Credit unions 0.0 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 0.6 1.5 0.4 0.8 2.2 1.1 1.4 1.8 2.2 2.5 2.8 7

 8 Life insurance companies 12.4 10.3 10.4 13.5 12.7 13.7 13.8 13.4 12.7 12.9 12.8 8

 9 Government-sponsored enterprises 1.2 1.3 0.4 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 9

 10 REITs 90.5 120.4 218.1 320.6 254.0 322.0 309.8 288.8 254.0 240.6 249.9 10

 11 Brokers and dealers 1810.4 2006.3 2076.7 2207.9 1768.6 2084.7 2001.0 1909.9 1768.6 1709.7 1679.4 11

 12 Holding companies 0.6 0.8 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Total assets 2969.2 3342.6 3554.2 3924.5 3614.3 3834.6 3713.1 3703.6 3614.3 3676.1 3803.7 13

 14 Nonfinancial corporate business 7.9 12.1 12.6 9.7 8.8 9.3 8.7 12.5 8.8 11.3 13.4 14

 15 State and local governments 126.1 125.0 121.6 128.3 132.5 131.4 132.1 131.9 132.5 135.0 138.4 15

 16 Rest of the world 489.4 581.8 678.5 671.9 734.1 740.0 723.2 726.0 734.1 805.5 840.5 16

 17 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 U.S.-chartered depository institutions 266.9 267.6 242.6 303.7 215.7 259.6 238.0 218.0 215.7 215.7 202.5 18

 19 Foreign banking offices in U.S. 68.2 88.4 120.1 178.3 177.1 178.7 181.1 199.3 177.1 200.3 228.2 19

 20 Credit unions 0.1 0.0 15.9 9.7 0.1 0.4 0.2 0.1 0.1 0.2 0.1 20

 21 Property-casualty insurance companies 4.5 3.8 1.7 1.8 1.8 1.7 1.5 1.5 1.8 1.6 1.7 21

 22 Life insurance companies 10.2 10.9 10.1 8.5 8.5 6.8 6.6 8.0 8.5 6.9 6.5 22

 23 Private pension funds 2.9 2.7 2.7 2.4 2.3 2.4 2.4 2.3 2.3 2.4 2.4 23

 24 State and local govt. retirement funds 3.0 3.4 3.4 3.3 3.9 3.4 3.4 3.5 3.9 3.6 3.7 24

 25 Money market mutual funds 480.0 479.4 490.5 544.7 493.0 470.7 450.4 489.5 493.0 506.4 564.0 25

 26 Mutual funds 153.3 137.5 108.7 262.8 355.7 308.0 328.2 354.0 355.7 381.8 427.1 26

 27 Government-sponsored enterprises 123.3 151.2 112.3 150.8 152.3 193.6 151.3 133.4 152.3 127.3 134.3 27

 28 Brokers and dealers 1185.0 1428.5 1583.1 1638.2 1321.0 1518.5 1478.9 1413.9 1321.0 1270.6 1231.5 28

 29 Holding companies 48.2 50.3 50.5 10.5 7.7 10.1 7.0 9.8 7.7 7.6 9.5 29

 30 Funding corporations 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Discrepancy 206.4 255.3 324.5 205.6 38.6 127.8 85.1 63.2 38.6 46.6 -12.0 31
L

e

v

els

98 Z.1, September 18, 2014

L.208 Open Market Paper

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total outstanding, all types 1138.0 1057.6 969.3 952.4 951.6 1001.2 990.6 976.9 951.6 992.2 1005.5 1

 2 Commercial paper 1137.4 1057.5 969.2 952.4 951.6 1001.2 990.6 976.9 951.6 992.2 1005.5 2

 3 Nonfinancial corporate business 58.4 82.9 116.3 130.3 144.5 140.1 147.2 171.2 144.5 180.2 185.9 3

 4 Foreign issues in U.S. 401.3 398.6 345.1 373.0 407.0 407.4 417.4 405.9 407.0 413.8 435.1 4

 5 Nonfinancial 34.5 30.6 30.2 40.4 51.6 34.4 51.2 57.5 51.6 49.6 62.0 5

 6 Financial 366.8 368.0 314.9 332.6 355.4 373.0 366.2 348.4 355.4 364.3 373.1 6

 7 Financial business 677.6 575.9 507.8 449.1 400.2 453.8 426.0 399.9 400.2 398.2 384.5 7

 8 U.S.-chartered depository institutions 0.0 112.9 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 56.0 8

 9 ABS issuers 293.1 120.2 96.0 87.0 79.9 88.0 79.6 79.2 79.9 73.7 70.8 9

 10 Finance companies 62.1 111.0 121.0 129.1 118.8 121.8 119.6 124.9 118.8 114.0 109.8 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 60.8 64.7 75.9 116.4 96.6 117.7 110.6 109.4 96.6 89.7 91.3 12

 13 Funding corporations 261.7 167.1 94.3 29.0 45.2 51.7 52.1 29.1 45.2 62.4 56.6 13

 14 Bankers’ acceptances (1) 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 U.S.-chartered depository institutions 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holdings, by sector 1138.0 1057.6 969.3 952.4 951.6 1001.2 990.6 976.9 951.6 992.2 1005.5 17

 18 Household sector 22.7 21.1 19.4 18.8 15.0 18.0 17.8 17.6 15.0 14.3 11.5 18

 19 Nonfinancial corporate business 56.0 68.0 67.9 59.8 38.0 56.5 50.8 42.5 38.0 34.9 29.1 19

 20 State and local governments 88.9 102.1 91.0 85.1 76.9 84.4 82.2 79.3 76.9 75.7 74.8 20

 21 Rest of the world 117.2 102.1 102.7 102.8 101.7 109.8 111.4 89.6 101.7 106.8 117.5 21

 22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Property-casualty insurance companies 9.8 7.9 8.8 7.4 8.0 7.4 6.6 6.9 8.0 7.3 8.0 26

 27 Life insurance companies 49.8 40.9 29.7 43.6 46.7 39.3 39.7 44.4 46.7 46.2 44.6 27

 28 Private pension funds 42.2 40.2 42.6 37.8 34.4 38.4 38.1 36.1 34.4 35.4 36.1 28

 29 State and local govt. retirement funds 37.4 41.9 44.0 42.6 51.5 44.5 45.0 46.8 51.5 48.0 48.6 29

 30 Money market mutual funds 510.5 394.2 354.2 340.8 352.1 350.9 356.2 358.2 352.1 354.4 341.2 30

 31 Mutual funds 80.2 66.3 40.0 77.5 105.2 98.5 100.6 104.6 105.2 113.9 128.9 31

 32 Government-sponsored enterprises 9.7 9.9 6.5 3.4 4.4 4.2 4.3 5.0 4.4 4.8 5.7 32

 33 Brokers and dealers 41.5 36.2 42.1 29.9 28.7 30.0 29.4 31.0 28.7 34.4 32.4 33

 34 Funding corporations 72.0 126.7 120.5 103.0 88.9 119.5 108.6 114.9 88.9 116.2 127.2 34

(1) Excludes banks’ holdings of own acceptances.
L

e

v

els

Z.1, September 18, 2014 99

L.209 Treasury Securities

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 7781.9 9361.5 10428.3 11568.9 12328.3 11905.5 11887.9 11956.8 12328.3 12590.8 12544.4 1

 2 U.S. savings securities (1) 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 177.7 2

 3 Treasury bills 1787.9 1768.9 1519.5 1626.5 1590.6 1788.2 1568.1 1527.9 1590.6 1650.2 1386.4 3

 4 Other Treasury securities 5802.7 7404.6 8723.6 9759.9 10558.5 9935.5 10138.9 10248.8 10558.5 10762.2 10980.3 4

 5 Total assets 7781.9 9361.5 10428.3 11568.9 12328.3 11905.5 11887.9 11956.8 12328.3 12590.8 12544.4 5

 6 Household sector 854.0 1126.6 707.0 929.3 949.0 955.5 1004.2 977.7 949.0 899.6 837.4 6

 7 U.S. savings securities (1) 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 177.7 7

 8 Bills and other Treasury securities 662.7 938.6 521.7 746.8 769.8 773.7 823.3 797.7 769.8 721.2 659.7 8

 9 Nonfinancial corporate business 43.0 48.0 43.0 39.5 40.2 32.9 37.9 38.4 40.2 38.4 39.3 9

 10 Nonfinancial noncorporate business 46.1 48.1 48.6 49.3 50.3 49.3 49.6 49.9 50.3 50.5 51.1 10

 11 State and local governments 585.6 593.5 561.7 607.9 593.4 617.1 620.0 591.5 593.4 593.3 612.2 11

 12 Rest of the world 3670.6 4458.8 5004.4 5571.5 5794.9 5721.3 5595.0 5654.7 5794.9 5952.3 5934.0 12

 13 Treasury bills 750.4 710.3 647.7 661.7 686.0 720.2 675.4 645.1 686.0 689.8 627.3 13

 14 Other Treasury securities 2920.2 3748.5 4356.7 4909.8 5108.9 5001.1 4919.7 5009.5 5108.9 5262.4 5306.6 14

 15 Monetary authority 776.6 1021.5 1663.4 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 2400.6 15

 16 Treasury bills 18.4 18.4 18.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other Treasury securities 758.2 1003.1 1645.0 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 2400.6 17

 18 U.S.-chartered depository institutions 124.5 217.5 173.9 243.2 217.1 230.3 194.0 186.6 217.1 263.8 297.7 18

 19 Foreign banking offices in U.S. 57.5 60.9 60.5 76.6 67.0 79.5 66.9 69.3 67.0 66.3 65.5 19

 20 Banks in U.S.-affiliated areas 0.5 1.1 1.0 0.4 1.2 0.4 0.4 0.6 1.2 1.3 0.8 20

 21 Credit unions 14.2 20.1 17.6 19.3 19.1 19.2 20.1 19.6 19.1 20.4 20.9 21

 22 Property-casualty insurance companies 88.5 91.7 96.4 89.7 95.7 90.5 89.5 91.3 95.7 95.5 97.7 22

 23 Treasury bills 15.8 15.5 17.4 14.1 23.5 15.7 15.6 18.3 23.5 21.2 23.4 23

 24 Other Treasury securities 72.8 76.2 78.9 75.6 72.1 74.8 73.9 73.1 72.1 74.2 74.3 24

 25 Life insurance companies 133.5 156.6 175.4 180.9 168.6 176.1 173.1 170.9 168.6 170.1 171.2 25

 26 Treasury bills 13.9 10.2 14.0 9.5 6.7 6.9 6.2 6.8 6.7 6.2 5.8 26

 27 Other Treasury securities 119.6 146.4 161.4 171.4 162.0 169.2 166.9 164.1 162.0 163.9 165.4 27

 28 Private pension funds 175.7 206.9 233.9 278.3 314.4 290.2 303.1 308.6 314.4 318.1 322.8 28

 29 State and local govt. retirement funds 161.8 172.5 184.1 203.2 216.5 207.7 214.5 216.5 216.5 221.8 224.7 29

 30 Federal government retirement funds 119.9 130.0 153.5 165.6 178.0 163.2 153.1 58.2 178.0 181.0 183.1 30

 31 Money market mutual funds 406.4 335.4 443.3 457.8 488.2 470.5 449.1 466.8 488.2 454.6 370.5 31

 32 Treasury bills 318.5 234.5 263.7 282.8 289.5 276.2 223.3 272.7 289.5 264.6 183.8 32

 33 Other Treasury securities 87.9 100.9 179.7 175.0 198.6 194.3 225.8 194.1 198.6 189.9 186.7 33

 34 Mutual funds 258.0 379.2 453.8 574.4 627.0 630.0 629.7 625.3 627.0 664.3 656.5 34

 35 Treasury bills 0.0 29.8 30.2 42.4 33.6 43.8 43.8 44.0 33.6 39.5 35.5 35

 36 Other Treasury securities 258.0 349.4 423.6 532.0 593.4 586.2 585.9 581.3 593.4 624.8 620.9 36

 37 Closed-end funds 4.4 5.1 4.8 5.2 5.7 5.7 5.8 5.8 5.7 5.8 5.9 37

 38 Exchange-traded funds 41.8 51.0 62.4 63.6 57.1 62.8 64.1 63.9 57.1 59.3 63.0 38

 39 Government-sponsored enterprises 36.6 82.6 100.2 69.0 59.1 74.6 75.5 82.6 59.1 65.2 64.5 39

 40 ABS issuers 53.9 40.1 29.2 23.4 24.3 20.5 21.2 22.9 24.3 25.0 22.4 40

 41 Brokers and dealers 123.0 94.5 183.6 246.5 136.0 202.6 165.6 166.3 136.0 108.2 81.0 41

 42 Holding companies 5.8 19.6 26.8 8.2 16.6 9.5 18.7 17.1 16.6 16.5 21.8 42

 Memo:

 43 Federal government debt (2) 7805.4 9385.6 10453.6 11593.7 12352.8 11930.1 11912.9 11981.9 12352.8 12614.8 12568.4 43

(1) Includes U.S. savings bonds, U.S. individual retirement bonds, U.S. retirement plan bonds, U.S. savings stamps, and matured U.S. savings securities.

(2) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
L

e

v

els

100 Z.1, September 18, 2014

L.210 Agency- and GSE-Backed Securities (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 8106.8 7598.2 7577.4 7554.6 7794.1 7590.8 7660.7 7713.6 7794.1 7721.1 7774.6 1

 2 Budget agencies 23.5 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 24.0 2

 3 Government-sponsored enterprises 2706.6 6434.5 6247.3 6092.7 6200.2 6103.5 6137.6 6147.7 6200.2 6111.4 6150.6 3

 4 Agency- and GSE-backed mortgage pools 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 1600.0 4

 5 Total assets 8106.8 7598.2 7577.4 7554.6 7794.1 7590.8 7660.7 7713.6 7794.1 7721.1 7774.6 5

 6 Household sector 357.4 335.4 300.2 152.7 97.7 95.9 106.3 94.8 97.7 1.2 3.7 6

 7 Nonfinancial corporate business 14.3 16.0 14.3 13.2 9.4 6.0 7.6 7.8 9.4 10.8 13.1 7

 8 State and local governments 490.2 513.9 507.0 504.7 490.9 509.3 504.7 496.1 490.9 492.6 497.5 8

 9 Federal government 196.4 149.2 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Rest of the world 1150.0 1095.8 1078.2 1001.2 885.3 957.3 904.1 926.0 885.3 860.6 851.1 10

 11 Monetary authority 1068.3 1139.6 941.7 1003.4 1547.4 1143.4 1277.3 1402.7 1547.4 1650.5 1707.6 11

 12 U.S.-chartered depository institutions 1417.4 1527.2 1634.1 1669.6 1717.3 1710.5 1725.7 1700.4 1717.3 1731.0 1724.9 12

 13 Foreign banking offices in U.S. 31.3 26.5 30.6 32.1 25.4 27.7 26.1 26.2 25.4 22.5 21.0 13

 14 Banks in U.S.-affiliated areas 20.5 12.8 4.8 2.6 1.9 2.4 2.2 1.9 1.9 1.8 1.8 14

 15 Credit unions 110.7 151.5 182.1 197.0 199.2 206.2 210.2 206.0 199.2 202.0 199.5 15

 16 Property-casualty insurance companies 116.2 115.8 122.7 114.3 108.7 113.0 111.6 110.2 108.7 106.7 105.5 16

 17 Life insurance companies 371.9 376.0 374.4 360.9 354.1 359.5 358.1 355.4 354.1 351.6 348.8 17

 18 Private pension funds 177.5 184.0 188.3 210.4 225.6 213.9 218.0 221.6 225.6 224.3 228.4 18

 19 State and local govt. retirement funds 168.7 169.6 182.0 202.9 216.4 206.6 213.7 215.2 216.4 218.6 219.5 19

 20 Federal government retirement funds 5.2 5.8 6.5 8.1 6.4 7.5 7.0 6.6 6.4 5.7 5.8 20

 21 Money market mutual funds 543.0 402.8 403.7 343.5 361.1 325.5 344.9 354.3 361.1 326.2 327.8 21

 22 Mutual funds 603.2 681.3 787.5 877.0 855.4 879.4 872.2 852.0 855.4 838.8 828.3 22

 23 Government-sponsored enterprises 924.5 377.0 358.9 310.6 287.9 300.6 292.5 294.7 287.9 283.6 285.6 23

 24 ABS issuers 99.6 3.6 0.3 0.3 0.1 0.2 0.1 0.1 0.1 0.1 0.2 24

 25 REITs 105.2 143.4 248.1 357.6 261.9 345.9 327.5 306.9 261.9 253.1 264.1 25

 26 Brokers and dealers 110.9 149.8 147.7 169.6 114.2 153.9 125.8 105.7 114.2 113.3 114.2 26

 27 Holding companies 24.3 21.1 33.1 22.9 28.0 26.0 25.0 29.1 28.0 26.1 26.4 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 debt of the federal government, which is shown in table L.209, line 43.
L

e

v

els

Z.1, September 18, 2014 101

L.211 Municipal Securities and Loans

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 3672.5 3772.1 3719.4 3714.4 3671.2 3728.6 3721.1 3685.7 3671.2 3660.8 3661.4 1

 2 State and local governments 2954.9 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 2918.0 2

 3 Short-term (1) 63.6 63.0 52.3 56.1 45.3 54.5 39.4 46.0 45.3 43.0 33.6 3

 4 Long-term 2891.3 2960.6 2917.6 2908.2 2879.6 2924.4 2931.0 2891.0 2879.6 2872.5 2884.4 4

 5 Nonprofit organizations (2) 265.4 263.2 255.5 241.0 227.8 239.4 235.7 232.4 227.8 227.6 227.0 5

 6 Nonfinancial corporate business 452.2 485.4 493.9 509.1 518.5 510.4 515.0 516.4 518.5 517.7 516.4 6

 (industrial revenue bonds)

 7 Total assets 3672.5 3772.1 3719.4 3714.4 3671.2 3728.6 3721.1 3685.7 3671.2 3660.8 3661.4 7

 8 Household sector 1827.9 1871.5 1805.9 1661.0 1617.7 1669.0 1664.7 1640.2 1617.7 1608.7 1602.4 8

 9 Nonfinancial corporate business 27.1 23.9 22.3 24.0 12.1 14.5 14.5 14.6 12.1 10.3 10.1 9

 10 Nonfinancial noncorporate business 5.1 5.6 5.7 5.8 5.9 5.8 5.8 5.8 5.9 5.9 6.0 10

 11 State and local governments 11.5 12.9 13.2 13.7 13.9 14.0 14.0 13.9 13.9 14.1 14.4 11

 12 Rest of the world 58.7 71.7 72.4 71.8 76.1 72.5 73.5 74.9 76.1 76.9 77.4 12

 13 U.S.-chartered depository institutions 224.3 254.6 297.3 365.0 418.9 376.2 392.3 406.4 418.9 425.2 429.9 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Banks in U.S.-affiliated areas 3.5 2.5 3.4 2.6 3.6 2.7 2.7 3.5 3.6 3.4 2.7 15

 16 Credit unions 0.0 0.0 3.2 4.2 4.6 5.3 5.0 5.4 4.6 4.5 4.9 16

 17 Property-casualty insurance companies 369.4 348.4 331.0 328.1 325.8 327.8 327.4 326.8 325.8 325.8 325.8 17

 18 Life insurance companies 73.1 112.3 121.8 131.5 141.6 134.1 136.8 138.8 141.6 143.9 146.8 18

 19 State and local govt. retirement funds 1.5 2.3 1.6 0.9 1.2 0.8 1.2 1.1 1.2 1.0 1.0 19

 20 Money market mutual funds 440.1 386.7 357.3 336.7 308.3 312.6 309.6 305.2 308.3 296.4 281.4 20

 21 Mutual funds 478.8 525.5 541.2 627.4 613.9 646.6 641.0 620.7 613.9 618.2 629.8 21

 22 Closed-end funds 81.2 81.6 82.5 85.9 84.2 86.4 86.2 84.8 84.2 85.1 85.7 22

 23 Exchange-traded funds 5.9 7.6 8.6 12.3 11.4 13.0 12.5 11.5 11.4 11.8 12.6 23

 24 Government-sponsored enterprises 29.1 24.9 21.0 17.0 13.4 16.3 14.8 13.8 13.4 12.7 12.2 24

 25 Brokers and dealers 35.4 40.0 30.9 26.6 18.6 31.0 19.0 18.3 18.6 16.9 18.2 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).
L

e

v

els

102 Z.1, September 18, 2014

L.212 Corporate and Foreign Bonds

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 10371.8 10327.8 10415.7 10910.9 11103.2 10919.1 10806.3 10969.0 11103.2 11220.6 11382.8 1

 2 Nonfinancial corporate business 3188.4 3367.8 3529.5 3853.9 4134.5 3930.8 3974.5 4082.0 4134.5 4205.2 4261.3 2

 3 Rest of the world (1) 1447.8 1677.6 1913.6 2186.5 2250.4 2205.8 2140.5 2207.2 2250.4 2300.6 2376.2 3

 4 Financial sectors 5735.6 5282.4 4972.6 4870.5 4718.3 4782.5 4691.3 4679.8 4718.3 4714.8 4745.2 4

 5 U.S.-chartered depository institutions 176.3 377.1 379.4 295.9 221.0 267.4 244.0 225.2 221.0 214.2 211.7 5

 6 ABS issuers (net) (2) 2998.1 2115.3 1892.8 1682.6 1401.3 1628.5 1456.0 1425.9 1401.3 1359.6 1341.9 6

 7 Finance companies 837.5 1078.2 1038.8 957.5 961.9 952.5 949.0 955.1 961.9 957.6 964.2 7

 8 REITs 144.4 145.4 152.9 179.6 353.2 182.4 316.7 325.4 353.2 382.1 395.9 8

 9 Brokers and dealers 92.9 129.7 91.8 90.2 112.4 89.1 103.1 96.1 112.4 122.0 113.4 9

 10 Holding companies 1028.7 982.2 890.6 1103.2 1095.6 1091.7 1057.1 1071.3 1095.6 1107.6 1129.4 10

 11 Funding corporations 457.8 454.6 526.2 561.5 572.9 571.0 565.4 580.8 572.9 571.7 588.8 11

 12 Total assets (3) 10371.8 10327.8 10415.7 10910.9 11103.2 10919.1 10806.3 10969.0 11103.2 11220.6 11382.8 12

 13 Household sector 1539.2 1353.1 1343.0 1233.9 1004.6 1106.0 974.7 966.6 1004.6 947.6 920.2 13

 14 State and local governments 156.8 164.6 164.1 170.1 172.5 173.4 173.6 172.5 172.5 175.0 178.6 14

 15 Federal government 0.6 0.9 0.8 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 15

 16 Rest of the world (4) 2483.5 2523.1 2491.0 2617.6 2734.0 2635.3 2589.7 2680.4 2734.0 2818.7 2894.4 16

 17 MBS and other ABS 484.8 441.4 415.5 403.9 394.9 407.2 403.3 398.9 394.9 393.3 392.6 17

 18 Other 1998.7 2081.7 2075.6 2213.6 2339.1 2228.1 2186.4 2281.5 2339.1 2425.4 2501.8 18

 19 U.S.-chartered depository institutions 668.2 550.5 553.0 544.0 559.2 540.5 543.2 555.8 559.2 540.2 540.8 19

 20 MBS and other ABS 262.9 174.9 150.1 149.1 147.7 146.3 145.8 147.4 147.7 141.9 140.1 20

 21 Other 405.2 375.6 402.9 394.9 411.4 394.3 397.4 408.3 411.4 398.3 400.6 21

 22 Foreign banking offices in U.S. 247.6 238.2 236.7 230.5 196.4 211.9 202.8 203.1 196.4 200.5 200.3 22

 23 Banks in U.S.-affiliated areas 2.0 0.6 4.2 5.2 5.8 5.6 5.5 5.6 5.8 6.4 6.3 23

 24 Credit unions 22.3 6.6 6.3 6.7 8.9 7.8 8.5 8.6 8.9 9.5 9.6 24

 25 MBS and other ABS 3.6 6.1 5.9 6.6 8.7 7.6 8.3 8.4 8.7 9.3 9.4 25

 26 Other 18.6 0.5 0.4 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 26

 27 Property-casualty insurance companies 298.3 322.6 363.1 382.7 406.9 388.9 395.1 401.2 406.9 407.0 408.4 27

 28 MBS and other ABS 0.0 0.0 71.3 74.5 83.2 76.3 78.1 80.0 83.2 83.1 83.1 28

 29 Other 298.3 322.6 291.8 308.2 323.7 312.7 316.9 321.2 323.7 323.9 325.2 29

 30 Life insurance companies 1927.2 2030.2 2117.3 2162.2 2223.0 2181.2 2198.3 2205.5 2223.0 2248.0 2269.7 30

 31 MBS and other ABS 0.0 0.0 434.9 410.6 419.7 412.9 415.1 417.4 419.7 425.2 429.7 31

 32 Other 1927.2 2030.2 1682.3 1751.6 1803.3 1768.4 1783.1 1788.1 1803.3 1822.8 1840.0 32

 33 Private pension funds 356.4 438.5 483.0 566.9 572.1 558.7 565.4 569.6 572.1 567.4 576.8 33

 34 State and local govt. retirement funds 391.1 397.0 386.1 356.8 386.4 357.6 372.2 370.1 386.4 395.6 399.3 34

 35 Federal government retirement funds 5.7 5.9 7.3 9.0 7.7 8.5 8.0 8.0 7.7 6.9 7.0 35

 36 Money market mutual funds 169.9 154.2 105.1 102.1 102.1 102.9 90.7 89.2 102.1 88.8 66.4 36

 37 Mutual funds 1120.7 1243.0 1413.4 1719.4 1998.8 1816.6 1868.5 1947.3 1998.8 2067.5 2165.4 37

 38 Closed-end funds 55.6 59.7 57.3 64.8 80.2 71.5 77.5 79.2 80.2 79.7 79.6 38

 39 Exchange-traded funds 55.4 74.1 107.7 155.3 174.8 162.3 164.9 170.4 174.8 183.2 190.7 39

 40 Government-sponsored enterprises 296.0 266.5 235.7 185.7 126.3 179.9 168.6 139.1 126.3 120.1 109.4 40

 41 MBS and other ABS 288.2 241.6 209.5 178.3 119.4 172.7 161.5 132.1 119.4 113.4 102.9 41

 42 Other 7.9 24.8 26.2 7.4 6.8 7.3 7.1 7.0 6.8 6.7 6.5 42

 43 Finance companies 198.6 84.1 85.0 78.7 67.9 75.0 70.1 70.0 67.9 71.8 72.5 43

 44 REITs 16.0 23.2 27.0 36.5 36.3 39.8 39.7 40.0 36.3 37.8 37.2 44

 45 Brokers and dealers 154.4 189.5 104.5 140.0 128.9 148.0 134.8 134.1 128.9 128.1 132.7 45

 46 Holding companies 31.1 38.3 18.3 72.7 31.5 71.8 71.7 71.1 31.5 29.8 31.2 46

 47 Funding corporations 175.3 163.4 105.8 69.6 78.4 75.0 82.4 81.3 78.4 90.4 85.9 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.
L

e

v

els

Z.1, September 18, 2014 103

L.213 Corporate Equities (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Issues at market value 20085.5 23567.2 22960.8 26237.2 33671.6 28730.7 29254.4 31186.3 33671.6 34230.4 35820.7 1

 2 Nonfinancial corporate business 12512.2 14371.6 14388.7 15994.4 20761.7 17705.1 18020.8 19187.8 20761.7 21032.0 22013.2 2

 3 Rest of the world (2) 3995.3 4900.2 4501.4 5311.5 6444.2 5524.3 5508.8 6037.3 6444.2 6595.3 6992.8 3

 4 Financial corporations 3578.1 4295.4 4070.7 4931.3 6465.6 5501.3 5724.8 5961.2 6465.6 6603.1 6814.7 4

 5 Holdings at market value 20085.5 23567.2 22960.8 26237.2 33671.6 28730.7 29254.4 31186.3 33671.6 34230.4 35820.7 5

 6 Household sector 7255.5 8679.9 8475.6 9623.9 12451.3 10590.4 10868.7 11595.5 12451.3 12622.1 13306.7 6

 7 State and local governments 111.8 126.3 125.2 140.7 167.6 152.0 154.2 158.8 167.6 170.4 176.4 7

 8 Federal government 67.4 49.9 57.8 39.9 35.1 38.6 37.9 35.3 35.1 34.9 34.7 8

 9 Rest of the world (3) 2658.4 3216.0 3397.2 3953.0 5163.7 4393.3 4463.2 4749.3 5163.7 5323.7 5637.1 9

 10 Monetary authority 25.1 26.4 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 63.6 73.6 67.4 71.3 101.3 80.8 79.9 87.7 101.3 102.6 109.2 11

 12 Foreign banking offices in U.S. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Property-casualty insurance companies 215.6 214.8 220.8 252.2 309.7 267.4 272.4 280.5 309.7 312.1 317.9 13

 14 Life insurance companies 1208.5 1402.6 1390.2 1545.1 1794.4 1638.3 1647.5 1712.3 1794.4 1818.3 1868.0 14

 15 Private pension funds 1569.0 1849.9 1751.8 1974.3 2404.7 2136.4 2168.4 2271.5 2404.7 2445.6 2528.9 15

 16 State and local govt. retirement funds 1751.0 1929.9 1850.5 2058.7 2471.3 2232.3 2244.6 2335.9 2471.3 2438.8 2489.6 16

 17 Federal government retirement funds 116.8 140.9 134.4 148.1 206.2 167.8 173.8 184.5 206.2 211.8 221.8 17

 18 Mutual funds 4136.2 4762.7 4427.2 5109.4 6852.2 5612.5 5742.2 6246.3 6852.2 7029.5 7282.3 18

 19 Closed-end funds 87.4 96.7 95.9 100.6 114.5 108.0 107.9 110.4 114.5 117.6 124.3 19

 20 Exchange-traded funds 670.0 854.1 863.8 1093.3 1427.3 1195.9 1172.2 1291.5 1427.3 1449.9 1555.9 20

 21 Brokers and dealers 124.2 117.2 103.2 126.7 172.4 117.1 121.4 126.8 172.4 153.2 167.9 21

 22 Funding corporations 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

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

L.214 Mutual Fund Shares (1)

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

 1 Shares at market value 6920.7 7873.0 7870.9 9326.1 11544.8 10088.7 10297.9 10904.9 11544.8 11898.6 12314.0 1

 2 Holdings at market value 6920.7 7873.0 7870.9 9326.1 11544.8 10088.7 10297.9 10904.9 11544.8 11898.6 12314.0 2

 3 Household sector 4104.0 4641.1 4661.8 5705.4 7152.4 6196.2 6349.8 6759.6 7152.4 7435.8 7688.3 3

 4 Nonfinancial corporate business 162.0 186.8 165.9 180.1 211.4 189.3 190.9 199.8 211.4 213.9 218.1 4

 5 State and local governments 48.5 58.4 59.3 67.3 81.2 73.1 74.3 76.7 81.2 82.6 85.7 5

 6 Rest of the world 182.4 260.0 370.4 495.4 544.5 503.7 503.5 517.2 544.5 554.9 586.2 6

 7 U.S.-chartered depository institutions 46.1 45.0 41.7 45.8 57.9 50.1 47.9 52.0 57.9 60.8 64.7 7

 8 Credit unions 1.3 1.5 1.9 2.3 2.2 2.6 2.4 2.2 2.2 2.2 2.1 8

 9 Property-casualty insurance companies 9.5 10.2 9.1 11.8 15.5 12.7 13.0 13.8 15.5 16.0 16.8 9

 10 Life insurance companies 140.8 155.7 150.1 159.3 184.8 167.6 168.8 175.9 184.8 185.6 189.5 10

 11 Private pension funds 1886.9 2147.9 2119.7 2384.7 2969.0 2599.2 2651.7 2798.7 2969.0 3023.1 3133.1 11

 12 State and local govt. retirement funds 339.1 366.3 291.2 273.9 325.9 294.3 295.7 309.1 325.9 323.6 329.7 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
L

e

v

els

104 Z.1, September 18, 2014

L.215 Depository Institution Loans Not Elsewhere Classified (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 2035.9 2001.2 2147.8 2322.7 2508.8 2323.8 2388.1 2424.8 2508.8 2560.0 2654.5 1

 2 Household sector -15.9 61.0 11.5 62.6 92.7 56.3 64.6 92.3 92.7 123.0 166.5 2

 3 Corporate business 545.8 477.1 546.0 607.9 654.4 604.0 620.9 627.0 654.4 653.6 675.9 3

 4 Noncorporate business 944.2 927.4 984.2 1072.2 1121.8 1076.8 1094.4 1105.9 1121.8 1132.1 1172.7 4

 5 Rest of the world 137.5 162.0 205.2 237.7 276.7 246.0 252.2 262.5 276.7 290.5 305.5 5

 6 Foreign official institutions 4.5 6.6 5.4 6.2 7.1 6.1 6.1 6.6 7.1 6.4 7.4 6

 7 Foreign banks 37.4 53.0 69.8 70.4 90.5 76.2 80.5 86.8 90.5 92.0 98.4 7

 8 Other foreign 95.6 102.4 130.0 161.0 179.1 163.6 165.7 169.1 179.1 192.0 199.7 8

 9 Financial sectors 424.2 373.6 400.8 342.3 363.2 340.6 355.9 337.1 363.2 360.8 333.9 9

 10 Finance companies 144.5 91.5 102.1 118.5 128.6 118.7 127.5 126.7 128.6 125.2 123.7 10

 11 REITs 20.2 18.4 23.0 27.0 24.0 21.1 23.2 27.6 24.0 27.0 24.0 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 0.0 12

 13 Holding companies 164.2 190.3 254.3 196.8 210.6 200.9 205.2 182.8 210.6 208.6 186.2 13

 14 Funding corporations 95.3 73.4 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Total assets 2035.9 2001.2 2147.8 2322.7 2508.8 2323.8 2388.1 2424.8 2508.8 2560.0 2654.5 15

 16 Monetary authority (2) 142.8 98.1 30.5 0.6 0.1 0.4 0.3 0.1 0.1 0.1 0.0 16

 17 U.S.-chartered depository institutions 1404.8 1425.9 1589.6 1797.1 1933.5 1794.8 1847.0 1869.5 1933.5 1969.6 2051.3 17

 18 Foreign banking offices in U.S. 435.5 424.2 467.1 463.4 507.2 467.5 476.9 490.9 507.2 524.0 535.3 18

 19 Banks in U.S.-affiliated areas 19.4 16.1 17.1 18.1 19.4 18.1 19.0 19.5 19.4 19.2 18.1 19

 20 Credit unions 33.4 36.9 43.5 43.6 48.7 43.0 44.9 44.9 48.7 47.1 49.7 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.
L

e

v

els

Z.1, September 18, 2014 105

L.216 Other Loans and Advances

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total other loans and advances 2096.1 1762.8 1767.7 1819.8 1935.0 1812.9 1898.0 1896.8 1935.0 1953.8 2024.0 1

 2 U.S. government loans 175.3 179.0 183.8 186.3 193.5 188.7 190.9 192.9 193.5 195.3 195.3 2

 3 Liab.: Household sector 12.6 11.6 11.2 11.0 12.1 11.2 11.8 11.6 12.1 11.9 13.2 3

 4 Nonfinancial corporate business 74.9 70.6 70.1 75.3 76.2 76.0 76.2 76.2 76.2 77.5 75.1 4

 5 Nonfinancial noncorporate business 52.5 53.0 55.9 56.5 58.5 57.0 57.4 58.3 58.5 58.0 58.6 5

 6 State and local governments 13.5 14.4 15.3 15.7 16.2 16.0 16.0 16.1 16.2 16.3 16.4 6

 7 Rest of the world 69.8 72.5 76.4 82.0 87.7 83.3 86.5 87.9 87.7 88.8 90.9 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 2.0 9.2 9.8 3.0 2.4 2.5 2.4 2.4 2.4 2.4 2.4 10

 11 Foreign loans to U.S. corporate business 182.5 162.3 196.1 143.9 140.4 141.5 152.3 138.9 140.4 151.7 158.4 11

 12 Liab.: Nonfinancial corporate business 182.5 162.3 196.1 143.9 140.4 141.5 152.3 138.9 140.4 151.7 158.4 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 14.6 18.9 22.9 105.3 75.7 106.0 110.7 100.5 75.7 73.0 64.1 17

 18 Liab.: Nonfinancial corporate business 14.6 18.9 22.9 99.3 71.7 101.4 106.4 96.6 71.7 70.0 61.2 18

 19 Rest of the world 0.0 0.0 0.0 6.1 4.0 4.6 4.3 3.9 4.0 3.0 2.9 19

 20 Policy loans (Household liability) 121.1 124.5 126.9 128.3 129.2 128.3 128.9 129.3 129.2 129.1 129.4 20

 21 Asset: Federal government 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 21

 22 Life insurance companies 120.6 124.0 126.5 127.8 128.8 127.8 128.5 128.9 128.8 128.8 129.1 22

 23 Government-sponsored enterprise loans (1) 695.9 551.3 487.0 505.7 587.5 498.8 541.0 547.3 587.5 576.9 628.0 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) 5.3 6.8 5.9 6.6 6.8 7.4 6.5 6.1 6.8 8.3 7.7 25

 26 Nonfinancial noncorporate business (FCS) 74.8 80.5 77.8 85.4 88.2 84.0 83.8 83.5 88.2 90.0 89.7 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 541.1 392.8 332.3 336.9 406.2 332.3 372.7 377.3 406.2 389.8 437.3 27

 28 Credit unions (FHLB) 26.5 26.1 24.2 25.1 27.0 22.2 23.5 26.6 27.0 27.4 30.0 28

 29 Life insurance companies (FHLB) 48.3 45.1 46.8 51.6 59.4 52.9 54.5 53.8 59.4 61.3 63.3 29

 30 Securitized loans held by ABS issuers 54.4 4.0 0.1 1.8 1.9 3.9 4.4 3.9 1.9 1.8 1.2 30

 31 Liab.: Nonfinancial corporate business 54.4 4.0 0.1 1.8 1.9 3.9 4.4 3.9 1.9 1.8 1.2 31

 32 Finance company loans to business 448.9 372.7 375.8 387.0 401.3 390.9 394.8 396.9 401.3 398.0 400.8 32

 33 Liab.: Nonfinancial corporate business 404.0 335.5 338.2 348.3 361.2 351.8 355.3 357.2 361.2 358.2 360.7 33

 34 Nonfinancial noncorporate business 44.9 37.3 37.6 38.7 40.1 39.1 39.5 39.7 40.1 39.8 40.1 34

 35 Loans to nonfinancial corporate business (2) 403.4 350.2 375.1 361.6 405.4 354.9 375.0 387.1 405.4 428.0 446.7 35

 36 Asset: Household sector 26.8 26.2 23.4 20.9 25.9 22.7 24.0 24.5 25.9 26.6 27.9 36

 37 Life insurance companies 20.4 16.7 22.2 22.6 25.1 21.7 22.8 23.2 25.1 27.2 28.4 37

 38 Mutual funds 75.4 74.6 93.5 105.7 145.1 113.4 130.9 137.9 145.1 160.1 171.4 38

 39 ABS issuers 197.8 163.8 162.3 160.0 148.3 146.9 143.3 147.3 148.3 152.9 154.1 39

 40 Brokers and dealers 60.1 47.4 54.3 39.6 50.4 37.2 42.2 43.8 50.4 49.8 52.3 40

 41 Funding corporations 22.9 21.4 19.4 12.9 10.6 12.9 11.8 10.4 10.6 11.4 12.6 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.
L

e

v

els

106 Z.1, September 18, 2014

L.217 Total Mortgages

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total mortgages 14425.4 13793.7 13490.7 13283.2 13295.5 13228.1 13232.4 13275.9 13295.5 13285.8 13322.6 1

 2 Home 10937.8 10445.4 10203.5 9983.6 9894.5 9932.4 9908.9 9921.6 9894.5 9860.3 9855.4 2

 3 Multifamily residential 855.0 851.9 859.1 894.7 932.2 898.8 909.3 920.1 932.2 943.5 957.6 3

 4 Commercial 2486.6 2342.4 2260.9 2232.0 2293.1 2223.2 2239.8 2259.3 2293.1 2304.7 2330.8 4

 5 Farm 146.0 154.1 167.2 173.0 175.7 173.7 174.3 175.0 175.7 177.2 178.8 5

 6 Total liabilities 14425.4 13793.7 13490.7 13283.2 13295.5 13228.1 13232.4 13275.9 13295.5 13285.8 13322.6 6

 7 Household sector 10622.8 10121.9 9899.9 9696.9 9619.4 9650.0 9629.3 9642.9 9619.4 9585.8 9580.0 7

 8 Nonfinancial business 3627.3 3495.7 3401.3 3391.9 3474.0 3378.6 3402.4 3435.9 3474.0 3494.7 3535.7 8

 9 Corporate 758.3 643.0 570.7 575.3 602.5 572.0 576.5 587.0 602.5 609.9 623.8 9

 10 Noncorporate 2869.0 2852.7 2830.6 2816.6 2871.4 2806.5 2825.9 2848.9 2871.4 2884.8 2911.9 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 205.3 206.9 12

 13 Total assets 14425.4 13793.7 13490.7 13283.2 13295.5 13228.1 13232.4 13275.9 13295.5 13285.8 13322.6 13

 14 Household sector 110.9 100.1 100.8 86.9 79.8 85.1 83.1 81.3 79.8 78.1 76.3 14

 15 Nonfinancial corporate business 29.5 28.0 27.4 26.6 25.8 26.4 26.2 26.0 25.8 25.6 25.4 15

 16 Nonfinancial noncorporate business 37.9 42.1 42.5 43.1 44.0 43.2 43.4 43.7 44.0 44.2 44.7 16

 17 State and local governments 193.0 203.5 203.4 210.8 213.9 214.9 215.2 213.8 213.9 216.9 221.4 17

 18 Federal government 108.4 106.6 109.9 111.5 115.5 113.3 113.2 114.1 115.5 116.0 116.5 18

 19 U.S.-chartered depository institutions 4371.9 4194.9 4049.6 4028.8 3983.5 3989.8 3982.5 3975.3 3983.5 3991.3 4039.0 19

 20 Foreign banking offices in U.S. 37.8 35.4 32.8 30.9 30.3 29.7 29.6 29.8 30.3 32.2 33.7 20

 21 Banks in U.S.-affiliated areas 42.3 35.8 33.4 34.9 32.4 34.3 33.6 31.6 32.4 32.0 31.9 21

 22 Credit unions 316.9 317.0 320.5 327.8 345.9 328.0 332.1 340.4 345.9 350.4 357.5 22

 23 Property-casualty insurance companies 4.4 4.1 4.9 5.6 7.9 5.8 6.6 7.0 7.9 8.3 8.8 23

 24 Life insurance companies 326.1 317.5 332.5 344.4 363.2 344.6 349.1 357.2 363.2 365.2 369.9 24

 25 Private pension funds 23.7 26.5 21.9 23.1 19.7 22.2 21.4 20.5 19.7 18.9 19.8 25

 26 State and local govt. retirement funds 12.3 11.9 11.9 11.2 8.6 10.7 10.2 9.7 8.6 11.0 11.9 26

 27 Government-sponsored enterprises (1) 707.7 5021.0 4924.0 4823.5 4877.8 4825.0 4836.1 4872.0 4877.8 4861.0 4840.1 27

 28 Agency- and GSE-backed mortgage pools 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 1600.0 28

 29 ABS issuers 2249.4 1921.8 1703.2 1493.1 1221.6 1454.9 1282.3 1247.8 1221.6 1172.0 1154.8 29

 30 Finance companies 430.3 243.5 211.2 179.5 157.0 174.4 171.2 165.9 157.0 154.1 149.6 30

 31 REITs 46.0 44.6 56.1 64.5 199.3 63.1 198.7 199.1 199.3 222.8 221.3 31
L

e

v

els

Z.1, September 18, 2014 107

L.218 Home Mortgages (1)

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 10937.8 10445.4 10203.5 9983.6 9894.5 9932.4 9908.9 9921.6 9894.5 9860.3 9855.4 1

 2 Household sector 10418.1 9914.2 9698.5 9497.9 9415.9 9451.9 9429.9 9442.0 9415.9 9381.8 9374.6 2

 3 Nonfinancial corporate business 20.3 13.6 10.2 9.7 10.0 9.4 9.6 9.8 10.0 10.4 10.9 3

 4 Nonfinancial noncorporate business 499.4 517.6 494.8 476.0 468.7 471.2 469.5 469.8 468.7 468.0 469.9 4

 5 Total assets 10937.8 10445.4 10203.5 9983.6 9894.5 9932.4 9908.9 9921.6 9894.5 9860.3 9855.4 5

 6 Household sector 83.2 75.2 67.2 59.2 51.2 57.2 55.2 53.2 51.2 49.2 47.2 6

 7 Nonfinancial corporate business 17.7 16.8 16.4 16.0 15.5 15.8 15.7 15.6 15.5 15.3 15.2 7

 8 Nonfinancial noncorporate business 13.9 15.4 15.5 15.8 16.1 15.8 15.9 16.0 16.1 16.2 16.3 8

 9 State and local governments 99.4 104.8 104.8 108.6 110.1 110.7 110.8 110.1 110.1 111.7 114.0 9

 10 Federal government 22.1 23.9 24.0 25.2 25.6 25.8 25.1 24.5 25.6 25.9 25.6 10

 11 U.S.-chartered depository institutions 2693.4 2615.6 2538.0 2509.1 2394.6 2470.6 2444.6 2414.9 2394.6 2383.0 2404.5 11

 12 Foreign banking offices in U.S. 0.9 1.1 1.3 1.8 1.4 1.8 1.6 1.4 1.4 1.7 2.0 12

 13 Banks in U.S.-affiliated areas 22.6 20.1 17.8 20.0 18.9 20.0 19.2 19.1 18.9 18.4 18.4 13

 14 Credit unions 316.9 317.0 320.5 327.8 345.9 328.0 332.1 340.4 345.9 350.4 357.5 14

 15 Life insurance companies 8.7 9.0 9.0 9.5 10.1 9.4 9.6 10.1 10.1 10.4 10.6 15

 16 Private pension funds 2.0 1.9 1.6 1.6 1.4 1.5 1.5 1.4 1.4 1.3 1.3 16

 17 State and local govt. retirement funds 4.4 4.3 4.3 4.0 3.1 3.8 3.7 3.5 3.1 4.0 4.3 17

 18 Government-sponsored enterprises 433.4 4690.7 4587.7 4476.1 4550.6 4480.8 4495.2 4537.0 4550.6 4537.8 4520.7 18

 19 Agency- and GSE-backed mortgage pools 5266.5 1068.8 1216.8 1321.8 1420.6 1340.2 1366.2 1400.2 1420.6 1432.0 1440.7 19

 20 ABS issuers 1577.6 1302.3 1109.0 928.3 791.6 894.7 855.2 821.1 791.6 766.3 741.0 20

 21 Finance companies 366.0 169.5 149.7 132.6 114.7 129.7 126.2 122.1 114.7 111.5 109.1 21

 22 REITs 8.9 9.0 19.8 26.5 23.1 26.6 31.2 31.1 23.1 25.3 27.0 22

 Memo:

 23 Home equity loans included above (2) 1033.3 928.5 853.5 769.6 702.9 748.1 730.5 715.1 702.9 690.6 685.6 23

 24 U.S.-chartered depository institutions 841.4 783.3 723.1 652.7 596.2 634.2 620.1 605.9 596.2 585.6 579.7 24

 25 Foreign banking offices in U.S. 0.3 0.3 0.3 0.2 0.4 0.3 0.2 0.3 0.4 0.4 0.4 25

 26 Credit unions 94.6 88.2 82.2 75.7 72.0 74.0 72.5 72.5 72.0 71.4 73.3 26

 27 ABS issuers 31.5 22.8 18.0 14.5 11.4 13.7 12.5 11.9 11.4 10.9 10.4 27

 28 Finance companies 65.5 33.9 29.9 26.5 22.9 25.9 25.2 24.4 22.9 22.3 21.8 28

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 855.0 851.9 859.1 894.7 932.2 898.8 909.3 920.1 932.2 943.5 957.6 1

 2 Nonfinancial corporate business 41.4 41.2 41.6 43.4 45.1 43.4 43.9 44.5 45.1 45.7 46.4 2

 3 Nonfinancial noncorporate business 786.3 782.9 789.7 824.6 857.0 824.2 834.3 844.9 857.0 868.2 881.1 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 27.3 27.8 27.9 26.7 30.0 31.3 31.1 30.7 30.0 29.6 30.1 5

 6 Total assets 855.0 851.9 859.1 894.7 932.2 898.8 909.3 920.1 932.2 943.5 957.6 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 8

 9 Nonfinancial noncorporate business 12.9 14.3 14.5 14.7 15.0 14.7 14.8 14.9 15.0 15.1 15.2 9

 10 State and local governments 77.2 81.4 81.4 84.3 85.5 86.0 86.1 85.5 85.5 86.8 88.6 10

 11 Federal government 14.7 14.4 14.1 13.7 13.8 13.6 13.6 13.5 13.8 13.7 13.6 11

 12 U.S.-chartered depository institutions 267.0 254.9 248.3 258.5 287.9 261.1 268.6 277.1 287.9 297.3 307.8 12

 13 Foreign banking offices in U.S. 4.0 3.5 2.9 1.4 1.1 1.3 0.9 1.1 1.1 0.9 1.0 13

 14 Life insurance companies 48.5 47.2 49.4 51.1 53.6 50.9 51.5 52.6 53.6 53.8 54.5 14

 15 Private pension funds 2.7 3.1 2.9 2.5 2.2 2.4 2.3 2.2 2.2 2.1 2.0 15

 16 State and local govt. retirement funds 3.7 3.6 3.6 3.4 2.6 3.2 3.1 2.9 2.6 3.3 3.6 16

 17 Government-sponsored enterprises 204.4 256.5 259.2 265.5 243.5 261.9 258.1 251.8 243.5 238.9 234.3 17

 18 Agency- and GSE-backed mortgage pools 105.7 66.9 86.4 113.4 147.1 120.6 130.1 138.8 147.1 152.0 157.6 18

 19 ABS issuers 107.0 98.5 90.8 81.2 75.2 77.7 74.9 74.5 75.2 75.0 74.8 19

 20 Finance companies 4.6 5.1 3.6 2.8 2.0 2.7 2.2 2.1 2.0 2.0 2.0 20

 21 REITs 2.3 2.0 1.7 1.9 2.4 2.1 2.8 2.7 2.4 2.2 2.2 21
L

e

v

els

108 Z.1, September 18, 2014

L.220 Commercial Mortgages

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 2486.6 2342.4 2260.9 2232.0 2293.1 2223.2 2239.8 2259.3 2293.1 2304.7 2330.8 1

 2 Household sector 204.7 207.7 201.4 199.1 203.5 198.1 199.4 200.9 203.5 204.0 205.3 2

 3 Nonfinancial corporate business 664.2 552.7 478.9 479.9 503.9 476.6 480.1 489.5 503.9 509.6 521.7 3

 4 Nonfinancial noncorporate business 1469.8 1433.6 1418.9 1385.3 1413.5 1380.2 1390.7 1402.4 1413.5 1415.4 1427.0 4

 5 REITs 147.9 148.3 161.7 167.7 172.1 168.3 169.6 166.4 172.1 175.7 176.8 5

 6 Total assets 2486.6 2342.4 2260.9 2232.0 2293.1 2223.2 2239.8 2259.3 2293.1 2304.7 2330.8 6

 7 Household sector 19.2 18.1 17.5 17.2 17.6 17.1 17.2 17.4 17.6 17.9 18.2 7

 8 Nonfinancial corporate business 11.4 10.8 10.6 10.2 9.9 10.2 10.1 10.0 9.9 9.8 9.8 8

 9 Nonfinancial noncorporate business 10.4 11.5 11.7 11.8 12.1 11.8 11.9 12.0 12.1 12.1 12.3 9

 10 State and local governments 15.4 16.3 16.3 16.9 17.1 17.2 17.2 17.1 17.1 17.4 17.7 10

 11 Federal government 67.8 64.1 67.2 68.0 71.9 69.3 69.9 71.6 71.9 72.1 72.7 11

 12 U.S.-chartered depository institutions 1367.4 1273.2 1210.3 1202.2 1241.0 1198.8 1209.8 1223.6 1241.0 1250.5 1265.7 12

 13 Foreign banking offices in U.S. 32.9 30.8 28.5 27.6 27.8 26.6 27.1 27.4 27.8 29.6 30.8 13

 14 Banks in U.S.-affiliated areas 19.6 15.7 15.6 14.9 13.5 14.4 14.4 12.5 13.5 13.6 13.5 14

 15 Property-casualty insurance companies 4.4 4.1 4.9 5.6 7.9 5.8 6.6 7.0 7.9 8.3 8.8 15

 16 Life insurance companies 255.6 248.8 261.1 270.9 286.3 271.2 274.8 281.4 286.3 287.7 291.3 16

 17 Private pension funds 18.9 21.4 17.4 19.0 16.1 18.3 17.6 16.8 16.1 15.5 16.5 17

 18 State and local govt. retirement funds 4.2 4.1 4.0 3.8 2.9 3.6 3.5 3.3 2.9 3.7 4.1 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 564.8 521.0 503.4 483.6 354.8 482.6 352.2 352.3 354.8 330.7 339.1 20

 21 Finance companies 59.7 68.9 57.9 44.1 40.3 42.0 42.7 41.7 40.3 40.6 38.5 21

 22 REITs 34.8 33.7 34.6 36.1 173.9 34.3 164.7 165.3 173.9 195.3 192.0 22

L.221 Farm Mortgages (1)

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

 1 Total liabilities 146.0 154.1 167.2 173.0 175.7 173.7 174.3 175.0 175.7 177.2 178.8 1

 2 Nonfinancial corporate business 32.5 35.5 40.0 42.3 43.5 42.6 42.9 43.2 43.5 44.1 44.8 2

 3 Nonfinancial noncorporate business 113.5 118.6 127.2 130.7 132.2 131.1 131.5 131.8 132.2 133.1 134.0 3

 4 Total assets 146.0 154.1 167.2 173.0 175.7 173.7 174.3 175.0 175.7 177.2 178.8 4

 5 Household sector 8.5 6.8 16.1 10.6 11.0 10.8 10.6 10.7 11.0 11.0 11.0 5

 6 Nonfinancial noncorporate business 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 6

 7 State and local governments 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 7

 8 Federal government 3.9 4.3 4.5 4.6 4.2 4.5 4.5 4.6 4.2 4.3 4.6 8

 9 U.S.-chartered depository institutions 44.2 51.2 52.9 59.0 59.9 59.2 59.5 59.7 59.9 60.4 61.0 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 0.0 10

 11 Life insurance companies 13.3 12.4 13.0 13.0 13.2 13.1 13.1 13.2 13.2 13.3 13.4 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 69.9 73.8 77.1 82.0 83.6 82.3 82.8 83.2 83.6 84.4 85.1 13

 14 Agency- and GSE-backed mortgage pools 4.5 3.8 1.7 1.9 1.8 1.9 1.8 1.8 1.8 1.7 1.7 14

(1) Excludes mortgages on farm houses.
L

e

v

els

Z.1, September 18, 2014 109

L.222 Consumer Credit

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities (Households) 2552.8 2647.4 2755.9 2923.6 3097.9 2923.8 2966.4 3036.6 3097.9 3103.5 3169.0 1

 2 Total assets 2552.8 2647.4 2755.9 2923.6 3097.9 2923.8 2966.4 3036.6 3097.9 3103.5 3169.0 2

 3 Households (nonprofit organizations) (1) 88.8 78.4 74.5 65.6 59.1 63.8 61.9 60.0 59.1 57.8 56.5 3

 4 Nonfinancial corporate business 53.2 45.5 47.4 49.2 43.5 42.4 42.6 42.8 43.5 42.4 42.6 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 0.0 5

 6 Federal government (2) 223.1 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 769.6 783.6 6

 7 U.S.-chartered depository institutions 906.3 1185.5 1192.6 1218.6 1271.6 1191.2 1211.5 1231.4 1271.6 1246.5 1284.2 7

 8 Credit unions 237.1 226.5 223.0 243.6 265.6 245.5 253.1 261.9 265.6 269.9 284.3 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers 572.5 50.3 46.2 50.0 49.2 50.0 48.2 48.5 49.2 47.3 46.2 10

 11 Finance companies 471.9 705.0 687.6 679.8 679.1 671.3 674.6 678.5 679.1 669.9 671.6 11

 Memo:

 12 Credit card loans (3) 916.8 840.0 841.7 846.7 857.6 805.5 815.4 820.9 857.6 817.6 839.1 12

 13 Auto loans 719.0 713.3 751.0 808.9 878.7 820.8 841.0 866.4 878.7 892.7 918.7 13

 14 Student loans (4) 831.6 912.4 1012.3 1131.3 1223.0 1168.2 1177.3 1211.0 1223.0 1261.7 1274.6 14

 15 Other consumer credit (5) 85.4 181.7 150.9 136.7 138.6 129.2 132.7 138.2 138.6 131.5 136.7 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.
L

e

v

els

110 Z.1, September 18, 2014

L.223 Trade Credit

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total trade payables 3216.0 3370.8 3452.5 3593.3 3760.9 3636.9 3703.2 3734.2 3760.9 3779.0 3849.6 1

 2 Household sector 278.2 248.8 250.0 254.0 255.0 254.3 254.5 254.8 255.0 256.0 256.9 2

 3 Nonfinancial corporate business 1590.1 1746.4 1771.6 1854.8 1968.2 1875.5 1917.1 1949.7 1968.2 1972.9 2015.3 3

 4 Nonfinancial noncorporate business 397.6 427.8 435.7 434.5 441.4 438.6 440.3 442.0 441.4 443.3 446.6 4

 5 State and local governments 630.5 669.0 707.4 746.2 785.8 755.9 765.8 775.8 785.8 795.8 806.0 5

 6 Federal government 204.5 209.7 218.5 233.9 250.7 242.2 250.9 254.7 250.7 259.6 269.2 6

 7 Rest of the world 45.1 51.1 55.1 55.7 45.3 54.9 59.1 44.0 45.3 36.5 37.9 7

 8 Brokers and dealers 70.1 18.1 14.3 14.2 14.5 15.4 15.6 13.3 14.5 14.8 17.8 8

 9 Total trade receivables 2970.9 3132.4 3245.3 3354.9 3520.3 3469.5 3570.8 3592.7 3520.3 3616.4 3714.9 9

 10 Nonfinancial corporate business 2054.5 2156.5 2240.3 2324.0 2469.4 2433.3 2521.3 2546.7 2469.4 2541.7 2623.8 10

 11 Nonfinancial noncorporate business 496.3 533.4 539.2 546.6 558.0 547.5 550.9 554.3 558.0 560.9 567.1 11

 12 State and local governments 139.1 152.2 154.5 160.3 168.7 162.0 165.0 167.4 168.7 169.1 172.3 12

 13 Federal government 43.6 42.9 47.7 50.3 48.8 48.7 52.0 50.6 48.8 50.6 50.7 13

 14 Rest of the world 93.1 111.8 128.8 140.5 144.4 143.8 148.8 140.7 144.4 159.8 163.3 14

 15 Property-casualty insurance companies 83.0 83.8 87.2 92.0 95.2 94.0 96.6 98.3 95.2 100.1 103.9 15

 16 ABS issuers 61.3 51.8 47.6 41.2 35.7 40.1 36.2 34.6 35.7 34.3 33.9 16

 17 Discrepancy 245.1 238.5 207.2 238.4 240.6 167.4 132.4 141.6 240.6 162.5 134.6 17

L.224 Security Credit

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

 1 Total liabilities 936.7 1041.7 1034.2 1131.9 1236.2 1129.5 1172.5 1183.8 1236.2 1273.1 1333.1 1

 2 Household sector 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 320.6 376.2 2

 3 Brokers and dealers 733.7 763.5 795.4 828.2 897.1 821.6 870.0 870.0 897.1 952.5 956.9 3

 4 Total assets 936.7 1041.7 1034.2 1131.9 1236.2 1129.5 1172.5 1183.8 1236.2 1273.1 1333.1 4

 5 Household sector 701.7 725.2 726.1 757.0 815.5 743.6 794.0 791.5 815.5 866.2 870.0 5

 6 U.S.-chartered depository institutions 20.4 23.6 35.8 45.0 52.9 47.9 51.8 53.9 52.9 58.4 61.0 6

 7 Foreign banking offices in U.S. 11.6 14.7 33.5 26.2 28.7 30.2 24.2 24.7 28.7 28.0 25.9 7

 8 Brokers and dealers 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 320.6 376.2 8
L

e

v

els

Z.1, September 18, 2014 111

L.225 Life Insurance Reserves

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1242.1 1278.3 1352.0 1359.0 1416.5 1370.1 1378.3 1397.4 1416.5 1434.4 1443.7 1

 2 Federal government 47.5 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 50.4 2

 3 Life insurance companies 1194.5 1229.9 1302.3 1309.0 1366.3 1320.1 1328.1 1347.3 1366.3 1384.2 1393.3 3

 4 Net change in assets 1242.1 1278.3 1352.0 1359.0 1416.5 1370.1 1378.3 1397.4 1416.5 1434.4 1443.7 4

 5 Households 1109.2 1137.2 1199.0 1186.1 1232.8 1194.8 1201.6 1218.3 1232.8 1248.1 1254.6 5

 6 U.S.-chartered depository institutions 111.5 116.0 125.5 138.0 143.8 139.2 140.4 141.6 143.8 145.2 146.7 6

 7 Holding companies 21.4 25.1 27.6 34.9 39.9 36.1 36.4 37.5 39.9 41.1 42.4 7

L.226 Pension Entitlements

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

 1 Total liabilities 15455.1 17031.7 17444.7 18457.8 19886.1 18930.7 19085.2 19440.8 19886.1 20085.5 20406.1 1

 2 Life insurance companies (1) 2148.2 2343.2 2384.6 2576.6 2816.9 2673.1 2683.5 2743.0 2816.9 2845.8 2894.3 2

 3 Private pension funds (2) 6002.2 6650.1 6753.3 7278.0 8141.8 7575.3 7675.0 7884.8 8141.8 8228.5 8399.5 3

 4 State and local govt. retirement funds 4382.3 4879.1 5040.8 5218.3 5384.6 5259.3 5286.5 5333.0 5384.6 5437.6 5502.6 4

 5 Federal government retirement funds (3) 2922.5 3159.3 3266.0 3384.9 3542.8 3422.9 3440.1 3480.0 3542.8 3573.6 3609.6 5

 6 Total assets (Households) (4) 15455.1 17031.7 17444.7 18457.8 19886.1 18930.7 19085.2 19440.8 19886.1 20085.5 20406.1 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; amounts outstanding end of period, not seasonally adjusted

 1 Total taxes payable by all businesses 40.6 53.1 74.0 79.5 90.9 97.0 68.6 80.2 90.9 110.0 114.9 1

 2 Nonfinancial corporate business 35.7 42.9 51.7 54.0 44.6 60.4 48.1 49.7 44.6 51.2 47.4 2

 3 Nonfinancial noncorporate business 99.9 99.2 100.3 102.3 105.4 102.6 103.5 104.4 105.4 106.2 107.9 3

 4 U.S.-chartered depository institutions -66.2 -59.6 -49.1 -47.6 -47.4 -45.7 -58.9 -52.9 -47.4 -39.7 -32.4 4

 5 Property-casualty insurance companies -15.8 -10.1 -14.5 -10.8 8.4 -3.2 -5.2 -2.5 8.4 10.2 9.5 5

 6 Life insurance companies -31.4 -28.8 -23.6 -28.3 -30.5 -28.4 -30.1 -30.1 -30.5 -29.3 -29.5 6

 7 Finance companies 12.7 6.0 6.7 6.7 6.8 6.9 6.8 7.0 6.8 6.8 6.9 7

 8 Brokers and dealers 5.7 3.6 2.5 3.1 3.7 4.4 4.4 4.6 3.7 4.5 5.1 8

 9 Total business taxes receivable 250.9 262.1 272.8 279.9 289.6 282.2 284.8 287.4 289.6 296.2 297.0 9

 10 State and local governments 117.1 117.8 120.0 121.3 123.8 121.8 122.6 123.4 123.8 128.6 127.6 10

 11 Federal government 133.9 144.3 152.8 158.6 165.8 160.4 162.2 164.0 165.8 167.6 169.4 11

 12 Discrepancy -210.4 -209.0 -198.8 -200.4 -198.7 -185.2 -216.2 -207.2 -198.7 -186.2 -182.1 12

L.228 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 6301.6 6939.4 7418.3 8086.4 9057.7 8299.8 8561.8 8842.6 9057.7 9127.6 9188.4 1

 2 Nonfinancial noncorporate business 6286.8 6923.4 7406.4 8069.1 9040.1 8281.9 8543.9 8826.1 9040.1 9109.1 9169.8 2

 3 Brokers and dealers 14.8 15.9 11.9 17.3 17.6 17.9 17.9 16.5 17.6 18.5 18.5 3
L

e

v

els

112 Z.1, September 18, 2014

L.229 Direct Investment

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 U.S. direct investment abroad:

 1 Liab.: Rest of the world (1) 4077.4 4273.6 4599.5 4972.9 5284.0 5016.6 5110.4 5237.7 5284.0 5336.3 5425.1 1

 2 Equity 3852.4 4084.8 4405.2 4757.4 5078.6 4814.5 4891.6 5028.8 5078.6 5131.8 5224.2 2

 3 Intercompany debt (2) 224.9 188.7 194.3 215.5 205.4 202.2 218.8 208.9 205.4 201.2 196.2 3

 4 U.S. parents’ claims 572.0 586.9 619.1 644.3 664.3 634.3 660.1 662.6 664.3 664.4 667.4 4

 5 Less: U.S. parents’ liabilities 347.1 398.1 424.8 428.8 458.8 432.1 441.3 453.7 458.8 463.0 471.4 5

 6 Asset: Nonfinancial corporate business 3245.1 3402.9 3759.2 4081.0 4370.0 4111.8 4199.3 4311.4 4370.0 4410.7 4490.1 6

 7 U.S.-chartered depository institutions 261.7 280.1 272.5 283.9 285.3 285.7 282.3 288.8 285.3 286.8 289.3 7

 8 Property-casualty insurance companies 123.7 99.1 90.2 98.0 108.8 102.1 108.9 113.0 108.8 109.6 112.4 8

 9 Life insurance companies 28.9 46.3 54.2 67.0 65.5 67.0 68.0 67.9 65.5 65.4 64.3 9

 10 Finance companies 186.9 206.0 221.8 225.4 228.6 228.4 228.5 231.1 228.6 235.8 236.8 10

 11 Brokers and dealers 231.0 239.3 201.7 217.5 225.8 221.6 223.4 225.5 225.8 228.0 232.0 11

 Foreign direct investment in U.S.:

 12 Liab.: Nonfinancial corporate business 1986.4 2128.7 2230.7 2408.9 2610.3 2441.0 2472.7 2510.1 2610.3 2563.0 2677.3 12

 13 Nonfinancial noncorporate business 4.8 5.3 6.1 6.6 7.3 6.5 6.6 7.0 7.3 7.5 7.5 13

 14 Foreign banking offices in U.S. 107.7 120.0 176.6 181.8 181.4 182.7 183.1 184.4 181.4 182.3 183.1 14

 15 Property-casualty insurance companies 64.7 70.7 73.9 77.1 74.5 82.5 82.4 82.6 74.5 74.0 74.0 15

 16 Life insurance companies 69.4 84.3 103.6 106.0 97.7 107.6 110.2 111.9 97.7 99.1 102.4 16

 17 Finance companies 90.0 114.7 91.1 90.9 73.0 91.3 92.0 92.3 73.0 73.4 73.8 17

 18 Brokers and dealers 64.4 88.5 104.6 110.4 119.5 112.2 113.7 114.3 119.5 121.7 121.7 18

 19 Funding corporations 10.8 11.4 12.0 12.6 13.2 12.8 12.9 13.1 13.2 13.4 13.5 19

 20 Asset: Rest of the world (1) 2398.2 2623.6 2798.7 2994.3 3176.9 3036.6 3073.7 3115.6 3176.9 3134.4 3253.3 20

 21 Equity 1916.7 2129.1 2268.3 2475.2 2652.9 2516.1 2553.0 2596.7 2652.9 2633.4 2769.9 21

 22 Intercompany debt 481.6 494.5 530.4 519.2 523.9 520.6 520.6 518.9 523.9 501.0 506.0 22

 23 U.S. affiliates’ liabilities 757.7 773.2 806.1 832.2 869.7 833.5 845.0 847.4 869.7 844.9 845.9 23

 24 Less: U.S. affiliates’ claims 276.1 278.7 275.7 313.0 345.8 313.0 324.4 328.5 345.8 327.4 328.1 24

 Memo:

 Direct investment, asset/liability presentation:

 25 Direct investment assets 4700.5 4950.4 5300.0 5714.8 6088.7 5761.7 5876.0 6019.9 6088.7 6123.6 6219.7 25

 26 Equity (line 2) 3852.4 4084.8 4405.2 4757.4 5078.6 4814.5 4891.6 5028.8 5078.6 5131.8 5224.2 26

 27 Intercompany debt 848.1 865.5 894.8 957.3 1010.1 947.3 984.5 991.1 1010.1 991.8 995.5 27

 28 U.S. parents’ claims (line 4) 572.0 586.9 619.1 644.3 664.3 634.3 660.1 662.6 664.3 664.4 667.4 28

 29 U.S. affiliates’ claims (line 24) 276.1 278.7 275.7 313.0 345.8 313.0 324.4 328.5 345.8 327.4 328.1 29

 30 Direct investment liabilities 3021.4 3300.5 3499.2 3736.2 3981.5 3781.7 3839.3 3897.8 3981.5 3941.3 4087.1 30

 31 Equity (line 21) 1916.7 2129.1 2268.3 2475.2 2652.9 2516.1 2553.0 2596.7 2652.9 2633.4 2769.9 31

 32 Intercompany debt 1104.7 1171.3 1230.9 1261.0 1328.6 1265.7 1286.3 1301.1 1328.6 1307.9 1317.3 32

 33 U.S. parents’ liabilities (line 5) 347.1 398.1 424.8 428.8 458.8 432.1 441.3 453.7 458.8 463.0 471.4 33

 34 U.S. affiliates’ liabilities (line 23) 757.7 773.2 806.1 832.2 869.7 833.5 845.0 847.4 869.7 844.9 845.9 34

 Alternative valuations of direct investment assets:

 U.S. direct investment abroad:

 35 Market value 4322.1 4809.6 4514.3 5196.5 6275.4 5440.1 5381.0 5907.9 6275.4 6335.8 6422.9 35

 36 Equity 4097.2 4620.9 4320.1 4981.0 6070.0 5237.9 5162.2 5699.0 6070.0 6134.6 6226.7 36

 37 Intercompany debt 224.9 188.7 194.3 215.5 205.4 202.2 218.8 208.9 205.4 201.2 196.2 37

 38 Historical cost 3565.0 3741.9 4050.0 4384.7 4660.9 4419.6 4504.7 4623.3 4660.9 4709.9 4791.6 38

 39 Equity 3340.1 3553.2 3855.8 4169.2 4455.5 4217.5 4285.9 4414.4 4455.5 4508.7 4595.4 39

 40 Intercompany debt 224.9 188.7 194.3 215.5 205.4 202.2 218.8 208.9 205.4 201.2 196.2 40

 Foreign direct investment in U.S.:

 41 Market value 2995.5 3422.3 3498.7 3929.1 4985.9 4273.8 4366.1 4560.2 4985.9 4893.8 4972.3 41

 42 Equity 2513.9 2927.8 2968.4 3409.9 4462.0 3753.3 3845.4 4041.3 4462.0 4392.8 4466.3 42

 43 Intercompany debt 481.6 494.5 530.4 519.2 523.9 520.6 520.6 518.9 523.9 501.0 506.0 43

 44 Historical cost 2069.4 2280.0 2433.8 2605.8 2764.0 2642.0 2672.9 2708.8 2764.0 2721.5 2788.4 44

 45 Equity 1587.9 1785.5 1903.5 2086.6 2240.0 2121.4 2152.3 2189.9 2240.0 2220.5 2282.4 45

 46 Intercompany debt 481.6 494.5 530.4 519.2 523.9 520.6 520.6 518.9 523.9 501.0 506.0 46

(1) Direct investment is valued on a current-cost basis and presented on a directional basis.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
L

e

v

els

Z.1, September 18, 2014 113

L.230 Total Miscellaneous Financial Claims

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 15807.7 15907.9 16567.2 17363.9 17190.4 17454.1 17377.7 17513.4 17190.4 17361.7 17416.2 1

 2 Household sector 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 28.9 30.2 2

 3 Nonfinancial corporate business 3149.3 3304.4 3559.6 3875.7 4086.7 3968.7 3989.7 4045.0 4086.7 4079.3 4051.3 3

 4 Nonfinancial noncorporate business 1243.3 1192.4 1226.8 1244.2 1249.0 1247.4 1246.0 1249.2 1249.0 1250.2 1249.5 4

 5 State and local governments 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 5

 6 Federal government 2859.2 3083.1 3189.0 3291.6 3393.7 3312.2 3332.0 3456.1 3393.7 3416.5 3442.8 6

 7 Rest of the world 187.9 190.6 323.6 183.5 160.2 205.2 164.4 189.9 160.2 158.3 164.6 7

 8 Monetary authority 29.2 58.4 31.7 33.7 43.5 34.7 32.1 41.2 43.5 47.8 50.0 8

 9 U.S.-chartered depository institutions 2286.8 2247.6 2236.1 2446.4 2520.4 2503.7 2497.1 2484.5 2520.4 2581.3 2638.7 9

 10 Foreign banking offices in U.S. 323.8 293.3 303.4 267.8 234.6 283.7 276.5 240.7 234.6 236.0 231.3 10

 11 Banks in U.S.-affiliated areas 29.2 23.3 19.4 17.3 14.3 16.4 16.5 15.7 14.3 14.8 15.3 11

 12 Credit unions 19.4 11.1 12.4 12.7 14.2 15.3 15.5 15.4 14.2 13.8 14.3 12

 13 Property-casualty insurance companies 754.8 761.2 796.4 813.4 813.1 804.9 810.9 813.3 813.1 814.0 822.6 13

 14 Life insurance companies 1090.8 1160.4 1178.1 1220.3 1280.4 1226.9 1221.2 1242.2 1280.4 1292.3 1316.8 14

 15 Government-sponsored enterprises 269.2 179.4 130.2 124.1 114.7 119.9 121.9 119.6 114.7 111.2 111.1 15

 16 Finance companies 483.6 157.3 173.0 142.9 134.9 137.6 127.9 126.3 134.9 133.5 127.7 16

 17 REITs 59.6 63.7 70.8 96.3 74.6 89.4 92.3 78.5 74.6 81.1 85.5 17

 18 Brokers and dealers 385.6 394.6 375.1 367.4 408.7 390.8 365.8 378.9 408.7 413.1 410.1 18

 19 Holding companies 550.9 524.6 484.4 822.3 739.4 883.8 885.5 894.5 739.4 736.4 743.9 19

 20 Funding corporations 946.3 894.5 784.6 757.2 676.1 734.6 723.9 742.4 676.1 676.7 650.5 20

 21 Total assets 21196.3 21808.8 22677.1 23580.6 23795.0 23744.5 23880.4 23848.9 23795.0 24181.7 24372.9 21

 22 Household sector 800.9 808.2 878.8 872.7 924.9 878.2 887.5 901.1 924.9 929.1 938.7 22

 23 Nonfinancial corporate business 6294.1 6707.4 6782.0 7063.9 7536.1 7215.0 7285.1 7263.3 7536.1 7586.0 7716.0 23

 24 Nonfinancial noncorporate business 2029.5 2134.4 2141.8 2186.2 2202.6 2182.5 2189.0 2195.0 2202.6 2213.7 2237.9 24

 25 State and local governments 118.5 96.3 96.2 104.3 110.5 107.5 108.8 109.3 110.5 113.2 116.8 25

 26 Federal government 147.8 143.2 145.1 144.0 149.9 144.8 141.9 145.7 149.9 152.7 157.6 26

 27 Monetary authority 75.9 83.1 225.8 199.5 233.1 219.9 228.1 226.8 233.1 235.0 235.7 27

 28 U.S.-chartered depository institutions 901.5 713.2 715.2 603.3 518.3 560.1 584.2 544.8 518.3 486.3 492.7 28

 29 Foreign banking offices in U.S. 44.5 29.2 44.2 43.9 57.0 52.9 60.6 57.1 57.0 71.0 72.0 29

 30 Banks in U.S.-affiliated areas 6.5 11.0 11.8 12.0 20.5 12.4 18.4 21.2 20.5 17.4 22.5 30

 31 Credit unions 33.0 74.1 61.9 62.7 61.1 70.9 71.7 61.8 61.1 72.2 68.0 31

 32 Life insurance companies 328.7 305.6 353.4 377.0 404.1 397.4 388.9 393.5 404.1 421.8 441.4 32

 33 Private pension funds 1542.4 1536.6 1668.9 1582.5 1379.9 1491.9 1484.9 1436.2 1379.9 1374.4 1327.8 33

 34 State and local govt. retirement funds 1336.5 1594.4 1890.1 1858.3 1462.9 1687.6 1670.0 1601.7 1462.9 1543.3 1539.0 34

 35 Federal government retirement funds 2674.8 2876.6 2964.3 3054.1 3144.5 3076.0 3098.2 3222.8 3144.5 3168.1 3191.8 35

 36 Money market mutual funds 26.9 23.5 22.7 28.8 31.7 31.5 31.9 33.9 31.7 37.2 16.0 36

 37 Mutual funds 14.9 2.9 5.7 -27.4 -8.3 -16.2 -15.3 17.0 -8.3 24.4 24.3 37

 38 Government-sponsored enterprises 100.3 148.6 148.5 152.6 165.6 167.9 167.7 166.8 165.6 152.1 151.4 38

 39 Finance companies -142.1 -129.0 -138.7 -168.1 -189.5 -180.5 -183.1 -191.2 -189.5 -194.5 -196.8 39

 40 REITs 64.8 66.1 74.7 100.4 112.6 105.9 115.7 102.0 112.6 122.4 133.6 40

 41 Brokers and dealers 910.1 786.0 730.9 639.8 761.4 728.2 797.0 777.8 761.4 889.2 835.1 41

 42 Holding companies 3160.6 3129.4 3165.9 3995.3 4008.3 4083.8 4028.7 4055.6 4008.3 4055.4 4127.4 42

 43 Funding corporations 726.3 667.9 687.6 694.8 707.8 726.8 720.6 706.8 707.8 711.2 723.8 43

 44 Discrepancy -5388.6 -5900.9 -6109.9 -6216.7 -6604.6 -6290.4 -6502.7 -6335.6 -6604.6 -6820.0 -6956.7 44
L

e

v

els

114 Z.1, September 18, 2014

L.231 Identified Miscellaneous Financial Claims - Part I

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 Federal government equity in IBRD, etc.:

 1 Liab.: Rest of the world 50.0 52.3 54.9 57.3 59.5 57.3 59.4 59.4 59.5 59.5 61.2 1

 2 Asset: Federal government 50.0 52.3 54.9 57.3 59.5 57.3 59.4 59.4 59.5 59.5 61.2 2

 Federal Reserve Bank stock:

 3 Liab.: Monetary authority 25.6 26.5 26.9 27.4 27.5 27.6 27.5 27.4 27.5 28.1 28.2 3

 4 Asset: U.S.-chartered depository institutions 25.6 26.5 26.9 27.4 27.5 27.6 27.5 27.4 27.5 28.1 28.2 4

 Equity in government-sponsored enterprises:

 5 Liab.: Government-sponsored enterprises 51.8 49.0 43.1 41.2 41.7 40.4 40.6 40.5 41.7 40.6 42.1 5

 6 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.4 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 6

 7 Nonfinancial noncorporate (FCS) 6.3 6.7 7.0 7.2 7.8 7.1 7.4 7.6 7.8 8.0 8.1 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 U.S.-chartered depository institutions (FHLB) 39.7 36.7 30.6 28.4 27.8 27.6 27.6 27.0 27.8 26.2 27.3 9

 10 Credit unions (FHLB) 2.4 2.2 2.9 2.9 2.4 3.0 3.0 3.0 2.4 2.4 2.6 10

 11 Life insurance companies (FHLB) 2.9 2.9 2.1 2.2 3.2 2.1 2.1 2.3 3.2 3.2 3.4 11

 Holding company net transactions with subsidiaries:

 12 Liab.: U.S.-chartered depository institutions 1599.5 1632.8 1709.0 1889.2 1937.3 1916.9 1880.5 1898.0 1937.3 1978.7 2028.2 12

 13 Property-casualty insurance companies 0.0 0.0 0.0 11.2 5.2 5.1 5.1 5.3 5.2 4.7 5.1 13

 14 Life insurance companies 40.5 62.7 72.0 17.2 10.7 17.4 17.3 17.7 10.7 11.0 11.5 14

 15 Finance companies 209.3 115.0 94.6 91.1 75.4 74.7 75.8 75.9 75.4 77.8 77.3 15

 16 Brokers and dealers 596.1 626.6 613.5 1060.5 1087.6 1054.3 1072.5 1032.3 1087.6 1095.8 1110.9 16

 17 Rest of the world 125.1 135.6 166.3 114.7 97.8 137.2 100.7 127.3 97.8 95.8 100.7 17

 18 Asset: Holding companies 2570.3 2572.7 2655.4 3184.0 3214.0 3205.6 3151.8 3156.6 3214.0 3263.8 3333.7 18

 NFC investment in finance company subsidiaries:

 19 Liab.: Finance companies 71.2 60.7 69.1 71.7 86.4 85.7 86.9 87.1 86.4 89.2 88.6 19

 20 Asset: Nonfinancial corporate business 71.2 60.7 69.1 71.7 86.4 85.7 86.9 87.1 86.4 89.2 88.6 20

 Funding corporations’ investment in subsidiaries:

 21 Liab.: Foreign banking offices in U.S. 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 120.8 21

 22 Brokers and dealers 523.2 496.4 549.7 568.8 584.3 583.9 578.5 588.1 584.3 587.3 602.9 22

 23 Asset: Funding corporations 726.3 667.9 687.6 694.8 707.8 726.8 720.6 706.8 707.8 711.2 723.8 23

 Equity investment under Public-Private Inv. Program:

 24 Liab.: Funding corporations 1.8 7.7 8.8 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 24

 25 Asset: Households (1) 0.9 3.8 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 25

 26 Federal government 0.9 3.8 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 26

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
L

e

v

els

Z.1, September 18, 2014 115

L.232 Identified Miscellaneous Financial Claims - Part II

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 12.9 2.7 102.5 11.5 2.9 10.7 4.3 3.1 2.9 3.0 2.8 1

 2 Asset: Federal government 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2

 3 Monetary authority (1) 10.3 0.1 99.8 8.9 0.3 8.1 1.7 0.5 0.3 0.4 0.1 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 15.9 14.4 12.6 13.7 10.6 13.4 12.0 10.5 10.6 10.4 9.0 6

 7 Asset: U.S.-chartered depository institutions 15.9 14.4 12.6 13.7 10.6 13.4 12.0 10.5 10.6 10.4 9.0 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 28.9 30.2 8

 9 Asset: Life insurance companies 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 28.9 30.2 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 273.6 290.7 305.5 303.7 304.2 302.3 302.0 305.6 304.2 307.9 311.1 10

 11 Accident and health 192.4 209.4 225.0 222.6 222.8 220.6 220.6 223.8 222.8 226.5 229.5 11

 12 Policy dividend accumulation 39.2 39.7 37.9 38.3 38.5 38.6 38.2 38.2 38.5 38.4 38.9 12

 13 Contract claims 42.0 41.6 42.6 42.8 42.8 43.1 43.2 43.5 42.8 43.1 42.7 13

 14 Asset: Household sector 273.6 290.7 305.5 303.7 304.2 302.3 302.0 305.6 304.2 307.9 311.1 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 754.8 761.2 796.4 802.1 807.8 799.8 805.8 808.0 807.8 809.3 817.4 15

 16 Asset: Household sector 346.0 310.8 347.5 329.8 369.5 337.9 349.9 360.2 369.5 370.6 374.3 16

 17 Nonfinancial corporate business 307.0 318.7 328.8 336.4 329.8 333.3 333.5 332.2 329.8 330.4 333.8 17

 18 Nonfinancial noncorporate business 101.8 131.7 120.1 135.9 108.5 128.6 122.4 115.6 108.5 108.4 109.4 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 587.6 619.0 623.3 637.3 682.5 640.3 643.0 660.2 682.5 689.6 703.0 19

 20 Asset: Private pension funds 453.7 469.4 484.6 503.8 540.3 511.6 513.8 525.3 540.3 546.9 556.3 20

 21 State and local government retirement funds 133.9 149.6 138.7 133.5 142.2 128.6 129.2 135.0 142.2 142.7 146.6 21

 Pension fund contributions payable:

 22 Liab.: Nonfinancial corporate business 75.4 90.8 93.8 81.4 80.9 81.8 81.8 81.6 80.9 80.7 81.1 22

 23 Asset: Private pension funds 75.4 90.8 93.8 81.4 80.9 81.8 81.8 81.6 80.9 80.7 81.1 23

 Securities borrowed (net):

 24 Liab.: Funding corporations 856.8 733.4 658.7 579.5 673.5 638.6 713.2 702.3 673.5 793.5 748.2 24

 25 Asset: Brokers and dealers 856.8 733.4 658.7 579.5 673.5 638.6 713.2 702.3 673.5 793.5 748.2 25

 Nonmarketable government securities:

 26 Liab.: Federal government 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 26

 27 Asset: Federal government retirement funds 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 1342.6 27

 Retiree health care funds (2):

 28 Liab.: Federal government 180.4 202.9 221.4 234.8 246.9 233.6 231.3 231.0 246.9 246.2 249.0 28

 29 Asset: Household sector 180.4 202.9 221.4 234.8 246.9 233.6 231.3 231.0 246.9 246.2 249.0 29

 Claims of pension fund on sponsor (3):

 30 Liab.: Nonfinancial corporate business 497.6 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 30

 31 State and local governments 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 31

 32 Federal government 1597.6 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 2061.2 1792.1 1828.4 1849.3 32

 33 Asset: Private pension funds 497.6 446.5 517.2 389.8 131.4 295.7 279.6 208.2 131.4 103.8 31.7 33

 34 State and local govt. retirement funds 1116.9 1343.4 1648.3 1622.2 1204.1 1452.9 1430.9 1353.1 1204.1 1276.3 1260.1 34

 35 Federal government retirement funds 1597.6 1733.7 1750.7 1800.0 1792.1 1810.4 1919.9 2061.2 1792.1 1828.4 1849.3 35

(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.
L

e

v

els

116 Z.1, September 18, 2014

L.233 Unidentified Miscellaneous Financial Claims

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

2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 5241.9 5064.7 5053.2 5523.7 5727.8 5731.1 5652.5 5813.8 5727.8 5642.7 5694.6 1

 2 Nonfinancial corporate business 2576.3 2767.0 2948.6 3404.5 3874.4 3591.2 3628.2 3755.2 3874.4 3894.8 3938.5 2

 3 Nonfinancial noncorporate business 1243.3 1192.4 1226.8 1244.2 1249.0 1247.4 1246.0 1249.2 1249.0 1250.2 1249.5 3

 4 Federal government 4.0 3.6 3.2 2.8 2.3 2.6 2.5 2.4 2.3 2.2 2.0 4

 5 Monetary authority 3.6 31.9 4.8 6.3 16.0 7.2 4.6 13.7 16.0 19.8 21.9 5

 6 U.S.-chartered depository institutions 687.3 614.7 527.1 557.2 583.1 586.8 616.6 586.4 583.1 602.6 610.4 6

 7 Foreign banking offices in U.S. 120.4 121.4 165.3 141.4 110.8 140.4 134.1 121.8 110.8 111.9 110.2 7

 8 Banks in U.S.-affiliated areas 29.2 23.3 19.4 17.3 14.3 16.4 16.5 15.7 14.3 14.8 15.3 8

 9 Credit unions 19.4 11.1 12.4 12.7 14.2 15.3 15.5 15.4 14.2 13.8 14.3 9

 10 Life insurance companies 189.1 187.9 177.2 262.1 283.1 266.9 258.9 258.7 283.1 283.8 291.2 10

 11 Government-sponsored enterprises 201.6 115.9 74.5 69.2 62.4 66.2 69.3 68.7 62.4 60.2 59.9 11

 12 Finance companies 203.1 -18.4 9.3 -19.9 -26.9 -22.9 -34.7 -36.7 -26.9 -33.5 -38.2 12

 13 REITs 59.6 63.7 70.8 96.3 74.6 89.4 92.3 78.5 74.6 81.1 85.5 13

 14 Brokers and dealers -733.7 -728.3 -788.1 -1261.8 -1263.1 -1247.4 -1285.2 -1241.5 -1263.1 -1270.1 -1303.7 14

 15 Holding companies 550.9 524.6 484.4 822.3 739.4 883.8 885.5 894.5 739.4 736.4 743.9 15

 16 Funding corporations 87.6 153.5 117.1 168.9 -6.2 87.3 2.0 31.5 -6.2 -125.5 -106.5 16

 17 Total assets 10630.5 10965.6 11163.1 11740.4 12332.4 12021.5 12155.1 12149.3 12332.4 12462.7 12651.3 17

 18 Nonfinancial corporate business 5915.5 6327.4 6383.6 6655.3 7119.3 6795.4 6864.2 6843.5 7119.3 7165.7 7292.9 18

 19 Nonfinancial noncorporate business 1921.3 1996.0 2014.8 2043.1 2086.3 2046.8 2059.2 2071.8 2086.3 2097.4 2120.4 19

 20 State and local governments 118.5 96.3 96.2 104.3 110.5 107.5 108.8 109.3 110.5 113.2 116.8 20

 21 Federal government 94.3 84.5 83.2 79.8 83.4 80.5 75.5 79.3 83.4 86.2 89.5 21

 22 Monetary authority 65.6 83.0 126.0 190.6 232.8 211.9 226.5 226.3 232.8 234.6 235.6 22

 23 U.S.-chartered depository institutions 820.3 635.5 645.2 533.8 452.4 491.6 517.1 479.8 452.4 421.7 428.2 23

 24 Foreign banking offices in U.S. 44.5 29.2 44.2 43.9 57.0 52.9 60.6 57.1 57.0 71.0 72.0 24

 25 Banks in U.S.-affiliated areas 6.5 11.0 11.8 12.0 20.5 12.4 18.4 21.2 20.5 17.4 22.5 25

 26 Credit unions 30.6 71.9 59.1 59.8 58.8 67.9 68.7 58.8 58.8 69.9 65.4 26

 27 Life insurance companies 303.7 278.0 327.0 349.9 373.1 369.4 359.0 364.4 373.1 389.7 407.8 27

 28 Private pension funds 515.7 529.9 573.3 607.4 627.3 602.8 609.6 621.2 627.3 643.0 658.7 28

 29 State and local govt. retirement funds 85.7 101.4 103.1 102.6 116.7 106.0 109.9 113.6 116.7 124.2 132.3 29

 30 Mutual funds 14.9 2.9 5.7 -27.4 -8.3 -16.2 -15.3 17.0 -8.3 24.4 24.3 30

 31 Money market mutual funds 26.9 23.5 22.7 28.8 31.7 31.5 31.9 33.9 31.7 37.2 16.0 31

 32 Government-sponsored enterprises 100.3 148.6 148.5 152.6 165.6 167.9 167.7 166.8 165.6 152.1 151.4 32

 33 Finance companies -142.1 -129.0 -138.7 -168.1 -189.5 -180.5 -183.1 -191.2 -189.5 -194.5 -196.8 33

 34 REITs 64.8 66.1 74.7 100.4 112.6 105.9 115.7 102.0 112.6 122.4 133.6 34

 35 Brokers and dealers 53.2 52.6 72.2 60.3 87.9 89.6 83.9 75.5 87.9 95.6 86.9 35

 36 Holding companies 590.3 556.7 510.4 811.3 794.3 878.2 876.9 899.0 794.3 791.5 793.7 36

 37 Discrepancy -5388.6 -5900.9 -6109.9 -6216.7 -6604.6 -6290.4 -6502.7 -6335.6 -6604.6 -6820.0 -6956.7 37