64 Z.1, December 6, 2012

L.1 Credit Market Debt Outstanding (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total credit market debt owed by: 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 1

 2 Domestic nonfinancial sectors 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 2

 3 Household sector 13699.1 13678.0 13403.0 13129.4 13012.3 12926.8 12903.7 12925.6 12849.5 12883.4 12844.8 3

 4 Nonfinancial corporate business 7116.2 7452.8 7222.4 7463.2 7587.4 7736.9 7873.4 7998.6 8100.4 8229.8 8365.6 4

 5 Nonfinancial noncorporate business 3774.6 4093.4 3973.3 3774.5 3758.6 3747.4 3740.0 3757.7 3763.9 3768.3 3772.0 5

 6 State and local governments 2837.5 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 6

 7 Federal government 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 7

 8 Rest of the world 2126.3 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2268.7 2282.3 8

 9 Financial sectors 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 9

10 U.S.-chartered depository institutions 990.9 989.8 717.4 942.4 906.6 887.9 868.0 868.7 840.8 844.7 822.2 10

11 Foreign banking offices in U.S. 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit unions 32.3 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 12

13 Life insurance companies 28.7 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 13

14 Government-sponsored enterprises 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 14

15 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 15

16 ABS issuers 4534.5 4123.4 3308.1 2243.3 2162.1 2109.8 2040.0 1987.8 1923.7 1863.7 1824.3 16

17 Finance companies 1279.6 1200.3 1044.1 1268.8 1268.2 1253.1 1276.6 1274.8 1263.6 1247.7 1257.7 17

18 REITs 421.2 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 370.2 18

19 Brokers and dealers 64.8 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 19

20 Holding companies 710.6 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1192.5 20

21 Funding corporations 786.4 1252.8 816.8 716.4 690.8 689.9 676.5 651.8 641.3 616.3 630.3 21

22 Total credit market assets held by: 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 22

23 Domestic nonfinancial sectors 7106.6 6906.8 7412.0 7922.4 7857.0 7550.5 7505.6 7155.6 7098.6 7176.0 7076.1 23

24 Household sector 4933.5 4900.0 5185.7 5565.6 5494.3 5228.1 5230.9 4905.2 4842.7 4896.0 4732.5 24

25 Nonfinancial corporate business 250.4 214.0 221.6 237.0 225.9 227.1 216.1 222.1 234.5 241.2 240.9 25

26 Nonfinancial noncorporate business 106.7 95.8 89.1 85.7 85.4 85.2 85.1 85.3 85.4 85.4 85.4 26

27 State and local governments 1534.8 1330.6 1253.8 1287.3 1273.2 1253.1 1211.9 1196.8 1180.8 1179.6 1208.4 27

28 Federal government 281.1 366.4 661.8 746.9 778.2 757.0 761.6 746.2 755.1 773.8 809.0 28

29 Rest of the world 7272.6 7504.6 7723.4 8497.0 8599.9 8666.0 8837.1 9127.4 9222.5 9246.5 9402.3 29

30 Financial sectors 36521.1 38861.4 38035.7 37094.9 37304.0 37517.5 37739.4 38176.6 38520.5 38617.2 38830.9 30

31 Monetary authority 740.6 986.0 1987.7 2259.2 2479.2 2700.4 2686.1 2635.6 2613.4 2610.9 2565.1 31

32 U.S.-chartered depository institutions 9201.0 9442.9 9131.1 9341.5 9211.3 9185.9 9299.0 9468.4 9462.8 9564.3 9622.9 32

33 Foreign banking offices in U.S. 963.3 1063.8 777.9 747.1 757.6 773.4 804.4 784.9 775.5 760.4 778.1 33

34 Banks in U.S.-affiliated areas 92.8 90.9 88.1 68.9 67.6 65.2 63.7 64.0 63.9 62.7 62.0 34

35 Credit unions 657.9 697.8 731.0 755.6 765.4 774.3 781.6 790.8 807.7 823.0 828.1 35

36 Property-casualty insurance companies 869.3 853.4 886.7 890.6 895.2 890.3 890.6 918.1 910.4 910.3 915.3 36

37 Life insurance companies 2871.2 2882.8 3022.6 3174.2 3211.1 3237.3 3284.3 3297.9 3322.4 3288.0 3319.1 37

38 Private pension funds 860.8 951.4 1063.0 1122.4 1130.9 1138.2 1161.3 1171.4 1172.0 1165.2 1166.4 38

39 State and local govt. retirement funds 820.3 833.5 824.7 816.5 825.0 820.5 835.6 834.8 843.0 847.4 850.2 39

40 Federal government retirement funds 99.4 123.3 130.7 141.5 145.3 149.5 157.8 161.6 163.0 167.2 168.9 40

41 Money market mutual funds 1936.4 2675.0 2031.0 1621.0 1582.4 1521.0 1502.7 1628.2 1569.7 1493.9 1471.7 41

42 Mutual funds 2203.1 2276.4 2657.2 3031.4 3160.9 3267.8 3317.9 3458.9 3721.3 3865.0 4035.5 42

43 Closed-end funds 171.2 130.5 141.1 146.3 148.0 148.9 143.7 145.1 148.0 149.4 152.9 43

44 Exchange-traded funds 34.1 57.1 103.0 132.7 140.1 151.1 164.1 178.8 195.1 213.5 221.1 44

45 Government-sponsored enterprises 2829.5 3037.5 2699.7 6333.1 6327.9 6252.4 6176.5 6133.3 6095.8 6014.0 5950.1 45

46 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 46

47 ABS issuers 4419.7 4025.1 3244.5 2191.5 2108.5 2058.7 1992.5 1940.2 1878.4 1821.3 1782.9 47

48 Finance companies 1816.3 1734.4 1516.7 1443.9 1422.0 1395.4 1389.5 1397.3 1384.4 1368.4 1367.5 48

49 REITs 246.5 177.6 168.9 206.0 258.0 288.4 308.5 308.9 362.9 385.5 443.5 49

50 Brokers and dealers 803.1 717.4 525.3 557.5 556.8 549.6 511.2 567.2 610.7 600.5 589.7 50

51 Holding companies 59.1 73.0 75.8 97.9 105.7 105.3 110.5 101.1 223.0 183.4 176.1 51

52 Funding corporations 361.0 1070.1 852.2 876.6 818.1 807.9 880.7 885.4 867.4 945.9 955.8 52

(1) Excludes corporate equities and mutual fund shares.
Z.1, December 6, 2012 65

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Domestic 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 1

 2 By instrument 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 2

 3 Commercial paper 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 3

 4 Treasury securities 5099.2 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 4

 5 Agency- and GSE-backed securities 23.1 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 5

 6 Municipal securities 3424.8 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 6

 7 Corporate bonds 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 7

 8 Depository institution loans n.e.c. 1664.2 1852.6 1500.2 1465.5 1457.4 1435.5 1468.7 1542.6 1585.7 1684.8 1699.3 8

 9 Other loans and advances 1620.4 1688.2 1458.4 1302.5 1301.8 1334.6 1353.5 1373.7 1357.0 1352.7 1343.4 9

10 Mortgages 14390.0 14460.3 14170.3 13545.3 13448.0 13351.9 13269.3 13207.7 13097.5 13024.2 12930.6 10

11 Home 11194.8 11082.8 10880.7 10413.1 10338.3 10272.3 10214.2 10158.0 10071.5 10013.2 9925.9 11

12 Multifamily residential 767.5 814.5 820.2 807.7 797.6 796.8 797.7 802.6 802.9 809.6 820.4 12

13 Commercial 2315.0 2428.4 2338.0 2183.3 2169.8 2139.2 2112.7 2101.1 2075.9 2053.0 2034.6 13

14 Farm 112.7 134.7 131.3 141.2 142.2 143.5 144.7 146.0 147.2 148.5 149.7 14

15 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 15

16 By sector 32549.8 34441.1 35372.5 36790.7 37022.3 37133.8 37618.5 38120.7 38552.1 38924.9 39247.6 16

17 Household sector 13699.1 13678.0 13403.0 13129.4 13012.3 12926.8 12903.7 12925.6 12849.5 12883.4 12844.8 17

18 Nonfinancial business 10890.8 11546.1 11195.7 11237.7 11346.0 11484.3 11613.3 11756.3 11864.3 11998.1 12137.6 18

19 Corporate 7116.2 7452.8 7222.4 7463.2 7587.4 7736.9 7873.4 7998.6 8100.4 8229.8 8365.6 19

20 Noncorporate 3774.6 4093.4 3973.3 3774.5 3758.6 3747.4 3740.0 3757.7 3763.9 3768.3 3772.0 20

21 State and local governments 2837.5 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 21

22 Federal government 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 22

 Foreign credit market debt

23 held in U.S. 2126.3 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2268.7 2282.3 23

24 Commercial paper 413.0 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 24

25 Bonds 1587.1 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1718.8 1719.7 25

26 Depository institution loans n.e.c. 102.8 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.2 26

27 Other loans and advances 23.4 21.6 21.9 22.1 22.2 21.9 22.0 23.5 26.7 27.7 28.9 27

28 Domestic and foreign 34676.1 36149.9 37462.8 39016.0 39327.0 39460.6 39908.6 40397.4 40840.3 41193.7 41529.9 28

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 1

 2 Open market paper 1251.8 1125.8 677.6 575.9 592.5 557.5 527.2 507.8 504.2 472.6 454.7 2

 3 GSE issues 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 3

 4 Agency- and GSE-backed mortgage pool sec. 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 4

 5 Corporate bonds 6280.8 6000.3 5738.0 5334.5 5245.7 5158.3 5088.8 5013.0 5057.7 4959.4 4906.5 5

 6 Depository institution loans n.e.c. 293.1 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 309.1 6

 7 Other loans and advances 867.1 900.5 617.9 473.2 442.5 424.8 408.7 413.1 389.5 412.2 400.9 7

 8 Mortgages 156.7 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.6 8

 9 By sector 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 9

10 U.S.-chartered depository institutions 990.9 989.8 717.4 942.4 906.6 887.9 868.0 868.7 840.8 844.7 822.2 10

11 Foreign banking offices in U.S. 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit unions 32.3 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 12

13 Life insurance companies 28.7 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 13

14 Government-sponsored enterprises 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 14

15 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 15

16 ABS issuers 4534.5 4123.4 3308.1 2243.3 2162.1 2109.8 2040.0 1987.8 1923.7 1863.7 1824.3 16

17 Finance companies 1279.6 1200.3 1044.1 1268.8 1268.2 1253.1 1276.6 1274.8 1263.6 1247.7 1257.7 17

18 REITs 421.2 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 370.2 18

19 Brokers and dealers 64.8 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 19

20 Holding companies 710.6 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1192.5 20

21 Funding corporations 786.4 1252.8 816.8 716.4 690.8 689.9 676.5 651.8 641.3 616.3 630.3 21
66 Z.1, December 6, 2012

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

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 1

 2 Open market paper 1788.6 1599.3 1137.4 1057.5 1131.2 1081.6 1004.4 969.2 994.4 962.0 957.2 2

 3 Treasury securities 5099.2 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 3

 4 Agency- and GSE-backed securities 7397.7 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 4

 5 Municipal securities 3424.8 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 5

 6 Corporate and foreign bonds 11543.4 11118.5 11576.9 11715.3 11765.3 11823.3 11851.7 11852.7 11996.6 11964.3 12041.0 6

 7 Depository institution loans n.e.c. 2060.1 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2149.3 2175.7 7

 8 Other loans and advances 2511.0 2610.2 2098.1 1797.8 1766.6 1781.3 1784.2 1810.3 1773.2 1792.7 1773.2 8

 9 Mortgages 14546.7 14623.8 14337.1 13712.4 13616.8 13525.3 13443.8 13383.8 13276.3 13209.2 13119.2 9

10 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 10

 Memo:

 Selected claims not included above:

11 Corporate equities 25580.9 15640.5 20123.2 23411.4 25091.0 25105.2 21059.7 22825.9 25508.3 24382.5 25826.4 11

12 Mutual fund shares 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 12

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

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

 Total credit market debt

 1 (from table L.4) 50900.2 53272.8 53171.2 53514.3 53761.0 53734.0 54082.1 54459.5 54841.6 55039.8 55309.3 1

 2 U.S. official reserve assets 67.3 74.2 175.1 175.8 184.3 189.3 186.4 183.8 184.5 181.7 184.7 2

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

 4 Treasury currency 27.4 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 4

 5 Foreign deposits 1340.9 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 793.6 789.6 5

 6 Net interbank liabilities 136.3 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.6 1985.6 1946.5 1882.1 6

 7 Checkable deposits and currency 1532.9 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2637.5 7

 8 Small time and savings deposits 5224.5 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 8

 9 Large time deposits 2382.2 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.2 9

10 Money market fund shares 3033.1 3757.3 3258.3 2755.3 2679.4 2637.8 2577.9 2642.5 2535.4 2467.9 2506.9 10

11 Security RPs 2118.5 1238.2 1488.4 1272.3 1312.7 1258.2 1102.1 1140.7 1187.7 1167.1 1134.1 11

12 Mutual fund shares 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 12

13 Security credit 1526.4 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.1 1375.5 1410.2 1487.6 13

14 Life insurance reserves 1201.5 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 14

15 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 15

16 Trade payables 3398.0 3228.0 3204.9 3383.3 3429.9 3495.3 3545.4 3603.6 3660.6 3709.0 3734.4 16

17 Taxes payable 167.7 44.0 40.6 50.5 75.8 63.6 65.1 64.8 76.9 74.3 94.1 17

18 Miscellaneous 17532.2 20091.3 20024.7 20503.3 20239.3 20118.7 21373.2 20871.4 20821.3 21202.2 20525.2 18

19 Total liabilities 111811.0 112799.3 115180.1 118010.7 119769.2 120146.4 119779.5 121032.5 123246.6 123421.5 124110.9 19

 + Financial assets not included in

 liabilities:

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

21 Corporate equities 25580.9 15640.5 20123.2 23411.4 25091.0 25105.2 21059.7 22825.9 25508.3 24382.5 25826.4 21

22 Household equity in noncorp. bus. 9329.3 7727.1 6459.6 6990.0 7154.7 7209.5 7336.9 7512.0 7587.1 7689.2 7854.7 22

 - Liabilities not identified as assets:

23 Treasury currency -11.3 -12.1 -16.5 -17.6 -17.9 -18.0 -18.2 -18.3 -18.5 -18.6 -18.7 23

24 Foreign deposits 1082.9 735.8 661.5 668.0 705.4 708.1 757.1 691.8 685.2 695.5 691.1 24

25 Net interbank transactions -41.8 -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 25

26 Security RPs 651.2 68.0 458.3 357.5 288.4 275.8 239.6 249.8 282.3 236.4 138.7 26

27 Taxes payable -52.9 -193.3 -204.4 -198.5 -175.5 -196.3 -196.1 -199.1 -191.2 -198.5 -179.2 27

28 Miscellaneous -7495.5 -5304.5 -5674.2 -5837.3 -6041.1 -6432.7 -6239.1 -6862.1 -7193.5 -7199.8 -7700.0 28

 - Floats not included in assets:

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

30 Federal govt. 2.8 1.2 2.0 2.5 2.6 3.5 1.7 2.5 2.9 3.4 3.2 30

31 Private domestic 7.3 5.3 4.2 3.2 3.3 3.4 3.9 4.1 3.7 3.8 3.7 31

32 Trade credit 208.8 236.0 339.0 452.9 411.9 375.5 376.7 480.6 413.9 381.0 410.0 32

33 Totals identified to sectors as assets 152380.8 140659.1 146199.1 153010.2 156850.0 157748.4 153251.5 157037.5 162376.9 161614.5 164415.4 33
Z.1, December 6, 2012 67

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

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 46325.7 38785.6 42835.0 46092.8 47738.4 47739.4 44897.4 46336.0 48713.7 48052.6 49191.8 1

 2 Foreign deposits 80.5 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 47.7 47.4 2

 3 Checkable deposits and currency 675.9 869.0 913.4 938.3 946.6 994.3 1109.3 1230.0 1215.9 1206.7 1208.4 3

 4 Time and savings deposits 6273.9 6476.8 6585.2 6702.0 6799.3 6940.4 6968.4 7083.3 7185.4 7248.4 7277.9 4

 5 Money market fund shares 1421.0 1657.2 1386.8 1200.5 1169.2 1157.3 1178.5 1184.8 1126.7 1097.5 1115.1 5

 6 Securities 19107.5 13923.4 16704.7 18841.7 19963.8 19801.7 17716.4 18218.3 19743.3 19381.4 20021.7 6

 7 Open market paper 107.3 6.0 34.6 63.4 67.9 64.9 60.3 58.2 51.7 47.1 39.9 7

 8 U.S. savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 8

 9 Treasury bills and other Treasury securities 64.9 62.7 617.2 946.2 788.1 568.4 642.1 479.6 626.3 760.7 805.7 9

10 Agency- and GSE-backed securities 680.6 748.6 167.1 169.4 244.1 213.4 181.3 134.4 58.0 56.3 7.5 10

11 Municipal securities 1703.5 1741.9 1871.6 1930.9 1942.5 1915.9 1896.0 1868.9 1834.5 1820.9 1755.1 11

12 Corporate and foreign bonds 2118.1 2062.7 2227.0 2200.6 2201.0 2218.3 2206.7 2125.1 2034.6 1981.1 1892.4 12

13 Corporate equities (2) 9631.4 5764.8 7434.9 8737.7 9576.1 9620.8 8144.4 8721.9 9656.2 9270.2 9794.6 13

14 Mutual fund shares 4605.3 3342.7 4161.1 4605.7 4957.3 5013.9 4400.6 4645.0 5297.3 5260.9 5542.9 14

15 Life insurance reserves 1076.8 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.8 15

16 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 16

17 Life insurance companies 2450.8 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 17

18 Private pension funds 6444.8 4588.0 5507.4 6136.6 6367.7 6366.3 5734.7 6118.2 6597.5 6409.6 6635.2 18

19 Governments 4495.0 3637.0 4084.5 4449.4 4554.2 4457.4 4199.5 4477.5 4723.3 4649.4 4790.6 19

20 Miscellaneous and other assets 4299.6 4342.9 4170.3 4130.3 4133.0 4181.9 4241.3 4213.6 4225.8 4231.7 4242.7 20

21 Total liabilities 19612.1 19901.1 19590.4 19227.0 19140.7 19052.5 18970.9 19000.2 18970.9 18985.3 18976.1 21

22 Home mortgages 11152.5 11050.1 10860.3 10399.5 10325.9 10260.9 10203.5 10147.8 10061.5 10003.3 9915.9 22

23 Other mortgages 2301.9 2529.9 2551.8 2451.0 2435.1 2416.3 2398.0 2397.3 2377.1 2358.6 2344.6 23

24 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 24

25 Policy loans 114.5 120.4 121.1 124.5 124.8 125.5 126.4 126.9 126.9 126.6 127.2 25

26 Security credit 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 26

27 Other liabilities 3188.9 3487.1 3415.5 3428.5 3427.1 3402.8 3412.7 3458.2 3518.7 3589.8 3592.6 27

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
68 Z.1, December 6, 2012

L.100 Households and Nonprofit Organizations (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 52047.5 42810.1 45690.2 49614.7 51431.9 51493.9 48784.4 50390.0 52832.7 52274.0 53577.0 1

 2 Deposits 7502.0 8107.1 7969.1 7963.1 8042.5 8221.0 8386.1 8620.5 8647.0 8671.1 8719.3 2

 3 Foreign deposits 80.5 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 47.7 47.4 3

 4 Checkable deposits and currency 160.2 349.6 373.6 418.8 428.1 476.5 591.8 711.0 695.9 686.6 687.8 4

 5 Time and savings deposits 5914.6 6118.8 6231.9 6362.5 6460.7 6602.5 6631.0 6745.1 6846.8 6910.0 6939.5 5

 6 Money market fund shares 1346.7 1581.8 1313.1 1129.7 1098.6 1086.8 1108.1 1114.2 1056.0 1026.9 1044.5 6

 7 Credit market instruments 4933.5 4900.0 5185.7 5565.6 5494.3 5228.1 5230.9 4905.2 4842.7 4896.0 4732.5 7

 8 Open market paper 107.3 6.0 34.6 63.4 67.9 64.9 60.3 58.2 51.7 47.1 39.9 8

 9 Treasury securities 202.0 204.9 762.3 1089.7 930.7 710.3 783.1 620.7 766.8 900.8 945.1 9

10 Savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 10

11 Bills and other Treasury securities 5.6 10.9 571.1 901.8 743.9 524.3 598.0 435.5 582.0 716.5 761.5 11

12 Agency- and GSE-backed securities 680.6 748.6 167.1 169.4 244.1 213.4 181.3 134.4 58.0 56.3 7.5 12

13 Municipal securities 1698.2 1737.0 1866.5 1926.0 1937.7 1911.0 1891.2 1864.1 1829.7 1816.1 1750.2 13

14 Corporate and foreign bonds 2118.1 2062.7 2227.0 2200.6 2201.0 2218.3 2206.7 2125.1 2034.6 1981.1 1892.4 14

15 Other loans and advances (2) 17.6 29.7 26.8 26.2 25.2 25.7 25.5 23.4 26.5 23.2 29.4 15

16 Mortgages 109.8 111.1 101.4 90.3 87.7 84.6 82.8 79.5 75.5 71.5 68.0 16

17 Corporate equities (3) 9631.4 5764.8 7434.9 8737.7 9576.1 9620.8 8144.4 8721.9 9656.2 9270.2 9794.6 17

18 Mutual fund shares 4605.3 3342.7 4161.1 4605.7 4957.3 5013.9 4400.6 4645.0 5297.3 5260.9 5542.9 18

19 Security credit 866.4 742.7 668.6 694.3 703.3 757.7 804.9 752.3 762.3 777.7 782.7 19

20 Life insurance reserves 1076.8 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.8 20

21 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 21

22 Equity in noncorporate business 9329.3 7727.1 6459.6 6990.0 7154.7 7209.5 7336.9 7512.0 7587.1 7689.2 7854.7 22

23 Miscellaneous assets 712.2 766.3 787.1 830.5 832.3 834.1 852.3 877.2 871.7 869.8 871.7 23

24 Total liabilities 14263.1 14106.6 13880.8 13706.5 13632.3 13548.0 13466.1 13476.6 13433.2 13446.4 13435.5 24

25 Credit market instruments 13699.1 13678.0 13403.0 13129.4 13012.3 12926.8 12903.7 12925.6 12849.5 12883.4 12844.8 25

26 Home mortgages (4) 10567.4 10509.1 10360.9 9941.9 9875.5 9817.0 9764.4 9712.7 9630.7 9574.4 9488.6 26

27 Consumer credit 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 27

28 Municipal securities 250.2 259.5 265.4 263.2 262.8 261.7 256.8 255.5 253.8 249.5 245.6 28

29 Depository institution loans n.e.c. (5) 21.8 26.4 10.2 61.0 45.3 -1.0 -9.8 12.4 34.8 88.0 79.5 29

30 Other loans and advances 127.0 133.2 133.7 136.1 136.4 136.9 137.8 138.1 137.8 137.6 138.3 30

31 Commercial mortgages 204.0 200.9 194.0 181.9 180.2 178.2 176.1 175.4 173.6 171.4 168.8 31

32 Security credit 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 32

33 Trade payables 214.5 236.7 252.7 274.1 279.1 282.6 286.0 288.2 289.8 290.5 290.5 33

 Deferred and unpaid

34 life insurance premiums 23.9 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 34

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

 outstandings of nonprofit organizations.

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

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

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

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 19.
Z.1, December 6, 2012 69

L.101 Nonfinancial Business (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 17358.0 16630.8 16932.5 17475.3 17626.9 17822.4 17966.3 18305.3 18532.7 18704.2 18964.5 1

 2 Foreign deposits 50.3 24.7 31.5 40.6 47.6 40.8 37.2 33.6 21.0 9.8 10.9 2

 3 Checkable deposits and currency 658.8 550.0 710.3 764.2 787.7 801.6 823.8 831.6 837.5 863.1 889.7 3

 4 Time and savings deposits 800.7 740.0 842.1 888.2 890.2 906.4 906.2 912.5 923.3 910.0 919.5 4

 5 Money market fund shares 622.8 786.0 715.4 555.6 540.4 528.5 511.1 522.6 504.4 492.2 497.8 5

 6 Security RPs 8.1 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.3 13.7 6

 7 Credit market instruments 357.1 309.8 310.7 322.7 311.4 312.3 301.2 307.4 319.9 326.6 326.3 7

 8 Commercial paper 69.5 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.0 64.8 8

 9 Treasury securities 97.7 82.3 89.1 92.4 86.7 85.6 88.5 92.0 97.2 109.1 104.1 9

10 Agency- and GSE-backed securities 12.8 10.2 14.3 16.0 14.2 17.2 14.8 15.9 17.7 19.1 17.5 10

11 Municipal securities 34.5 31.1 32.2 28.8 24.4 24.0 24.7 24.3 27.1 25.7 26.2 11

12 Mortgages 83.5 72.8 67.5 64.4 63.9 63.4 63.0 62.7 62.4 61.9 61.6 12

13 Consumer credit 59.3 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 13

14 Mutual fund shares 178.0 106.2 161.9 186.6 190.2 186.6 162.9 167.5 177.6 168.9 171.4 14

15 Trade receivables 2778.0 2607.3 2552.4 2625.9 2714.4 2815.3 2851.9 2806.9 2924.3 3004.0 2999.4 15

16 Miscellaneous assets 11904.3 11499.7 11600.4 12079.3 12132.4 12218.0 12359.9 12710.4 12810.9 12915.3 13135.8 16

17 Total liabilities 18264.9 19019.5 18608.1 18741.9 18788.7 18854.0 18956.4 19116.5 19207.3 19304.1 19437.4 17

18 Credit market instruments 10890.8 11546.1 11195.7 11237.7 11346.0 11484.3 11613.3 11756.3 11864.3 11998.1 12137.6 18

19 Commercial paper 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 19

20 Municipal securities 349.0 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 20

21 Corporate bonds 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 21

22 Depository institution loans n.e.c. 1642.4 1826.1 1490.1 1404.6 1412.1 1436.6 1478.5 1530.2 1550.9 1596.9 1619.9 22

23 Other loans and advances 1481.5 1542.3 1311.1 1152.0 1150.9 1183.0 1200.8 1220.3 1203.9 1199.5 1189.6 23

24 Mortgages 3618.5 3750.3 3615.3 3421.5 3392.2 3356.7 3328.8 3319.6 3293.2 3278.4 3273.2 24

25 Trade payables 2272.8 2053.4 1975.8 2112.1 2130.7 2190.1 2231.3 2287.8 2318.2 2362.3 2382.9 25

26 Taxes payable 135.3 145.1 135.6 137.8 155.3 144.9 150.8 142.3 153.7 150.5 160.2 26

27 Miscellaneous liabilities 4966.0 5274.9 5301.0 5254.3 5156.7 5034.6 4960.9 4930.1 4871.1 4793.1 4756.7 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
70 Z.1, December 6, 2012

L.102 Nonfinancial Corporate Business

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 13762.1 12937.7 13340.1 14021.0 14181.2 14382.5 14529.9 14860.4 15082.4 15254.2 15513.5 1

 2 Foreign deposits 50.3 24.7 31.5 40.6 47.6 40.8 37.2 33.6 21.0 9.8 10.9 2

 3 Checkable deposits and currency 143.2 30.6 170.5 244.7 269.2 283.8 306.3 312.6 317.4 342.9 369.1 3

 4 Time and savings deposits 441.3 381.9 488.8 548.7 551.6 568.5 568.9 574.3 584.7 571.6 581.1 4

 5 Money market fund shares 548.5 710.6 641.7 484.8 469.8 458.0 440.7 452.0 433.8 421.6 427.2 5

 6 Security RPs 8.1 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.3 13.7 6

 7 Credit market instruments 250.4 214.0 221.6 237.0 225.9 227.1 216.1 222.1 234.5 241.2 240.9 7

 8 Commercial paper 69.5 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.0 64.8 8

 9 Treasury securities 38.3 30.5 43.0 48.0 42.4 41.5 44.4 47.8 53.0 64.9 59.9 9

10 Agency- and GSE-backed securities 12.8 10.2 14.3 16.0 14.2 17.2 14.8 15.9 17.7 19.1 17.5 10

11 Municipal securities 29.2 26.2 27.1 23.9 19.5 19.2 19.9 19.5 22.2 20.8 21.3 11

12 Mortgages 41.4 33.6 29.5 28.0 27.6 27.2 26.8 26.4 26.0 25.6 25.2 12

13 Consumer credit 59.3 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 13

14 Mutual fund shares 178.0 106.2 161.9 186.6 190.2 186.6 162.9 167.5 177.6 168.9 171.4 14

15 Trade receivables 2252.4 2084.6 2056.0 2148.9 2238.8 2340.7 2378.0 2332.0 2448.7 2528.6 2524.0 15

16 Miscellaneous assets 9890.0 9377.9 9560.4 10117.5 10175.3 10264.1 10407.8 10753.4 10850.8 10955.3 11175.1 16

17 U.S. direct investment abroad (1) 2892.9 3011.1 3219.1 3434.7 3544.1 3674.7 3752.0 3794.6 3908.0 3987.1 4082.5 17

18 Insurance receivables 299.9 311.1 310.2 313.2 313.3 319.0 322.4 328.7 326.4 327.5 328.1 18

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

20 Investment in finance company subs. 81.5 80.5 71.2 62.5 74.9 74.3 73.3 71.5 68.6 66.1 70.4 20

21 Other 6615.0 5974.8 5959.4 6306.4 6242.3 6195.5 6259.5 6557.9 6547.2 6574.0 6693.6 21

22 Total liabilities 12916.0 13225.0 12898.5 13221.4 13280.3 13349.5 13451.6 13592.8 13669.7 13765.2 13896.8 22

23 Credit market instruments 7116.2 7452.8 7222.4 7463.2 7587.4 7736.9 7873.4 7998.6 8100.4 8229.8 8365.6 23

24 Commercial paper 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 24

25 Municipal securities (2) 349.0 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 25

26 Corporate bonds (1) 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 26

27 Depository institution loans n.e.c. 715.9 780.0 546.0 530.9 534.6 543.6 569.5 604.1 597.6 622.5 631.3 27

28 Other loans and advances (3) 1316.5 1364.9 1139.1 977.9 975.2 1010.6 1030.8 1045.7 1027.6 1021.5 1009.2 28

29 Mortgages 935.5 880.3 758.1 694.7 686.9 674.6 667.8 662.6 658.8 662.4 670.1 29

30 Trade payables 1897.9 1672.7 1587.5 1743.2 1763.5 1822.1 1862.0 1920.3 1952.7 1999.4 2021.7 30

31 Taxes payable 35.8 39.0 35.7 42.9 60.7 50.6 56.7 47.8 59.1 55.9 65.6 31

32 Miscellaneous liabilities 3866.0 4060.5 4052.9 3972.2 3868.7 3739.9 3659.6 3626.0 3557.5 3480.1 3443.8 32

33 Foreign direct investment in U.S. 1961.9 2050.3 1986.4 2119.9 2149.6 2203.8 2267.1 2361.1 2389.4 2421.6 2448.4 33

34 Pension fund contributions payable 47.2 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 34

35 Other 1856.8 1962.3 2016.0 1803.1 1670.1 1487.1 1343.4 1215.5 1118.4 1008.5 945.2 35

 Memo:

36 Trade receivables net of payables 354.4 411.9 468.5 405.8 475.3 518.5 516.0 411.6 496.0 529.3 502.3 36

37 Market value of equities 15730.7 10016.6 12494.6 14423.3 15460.2 15380.3 13062.6 14517.4 16101.0 15555.2 16433.4 37

38 Securities and mortgages 4960.1 5176.3 5478.9 5871.5 5967.2 6075.8 6148.4 6232.5 6347.5 6453.7 6588.9 38

39 Loans and short-term paper 2156.2 2276.5 1743.5 1591.7 1620.3 1661.1 1725.0 1766.1 1752.8 1776.1 1776.7 39

40 Total short-term liabilities (4) 4089.9 3988.1 3366.7 3377.7 3444.5 3533.9 3643.6 3734.3 3764.6 3831.4 3864.0 40

41 Total liquid assets (5) 1519.1 1385.2 1642.6 1673.5 1688.0 1698.9 1665.1 1695.5 1705.4 1693.0 1736.9 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 69.7 69.5 75.9 78.7 78.6 78.5 78.1 77.9 78.4 78.4 78.8 42

43 Short-term debt/credit market debt 30.3 30.5 24.1 21.3 21.4 21.5 21.9 22.1 21.6 21.6 21.2 43

44 Liquid assets/short-term liabilities 37.1 34.7 48.8 49.5 49.0 48.1 45.7 45.4 45.3 44.2 44.9 44

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

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

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

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

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
Z.1, December 6, 2012 71

L.103 Nonfinancial Noncorporate Business

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3595.9 3693.2 3592.3 3454.3 3445.7 3439.9 3436.4 3444.9 3450.3 3450.0 3451.0 1

 2 Checkable deposits and currency 515.6 519.4 539.8 519.5 518.5 517.8 517.5 519.0 520.0 520.2 520.5 2

 3 Time and savings deposits 359.3 358.1 353.3 339.5 338.5 337.8 337.4 338.1 338.5 338.4 338.4 3

 4 Money market fund shares 74.3 75.4 73.7 70.8 70.6 70.5 70.4 70.5 70.6 70.6 70.6 4

 5 Credit market instruments 106.7 95.8 89.1 85.7 85.4 85.2 85.1 85.3 85.4 85.4 85.4 5

 6 Treasury securities 59.3 51.8 46.1 44.3 44.2 44.1 44.1 44.2 44.2 44.2 44.2 6

 7 Municipal securities 5.3 4.9 5.1 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 7

 8 Mortgages 42.1 39.1 37.9 36.4 36.3 36.2 36.2 36.3 36.3 36.3 36.3 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 525.6 522.7 496.3 476.9 475.6 474.6 473.9 475.0 475.6 475.4 475.4 10

11 Miscellaneous assets 2014.3 2121.8 2040.0 1961.9 1957.1 1953.9 1952.0 1957.0 1960.1 1960.1 1960.7 11

12 Insurance receivables 107.3 111.5 112.4 112.6 113.0 115.2 116.9 119.0 118.8 119.9 120.7 12

13 Equity investment in GSEs (1) 5.0 6.4 6.3 6.7 6.7 6.8 7.0 7.0 7.1 7.0 7.1 13

14 Other 1902.0 2003.9 1921.3 1842.6 1837.4 1831.9 1828.1 1831.0 1834.3 1833.1 1832.9 14

15 Total liabilities 5349.0 5794.5 5709.6 5520.5 5508.4 5504.6 5504.8 5523.7 5537.6 5538.9 5540.6 15

16 Credit market instruments 3774.6 4093.4 3973.3 3774.5 3758.6 3747.4 3740.0 3757.7 3763.9 3768.3 3772.0 16

17 Depository institution loans n.e.c. 926.5 1046.1 944.1 873.7 877.6 892.9 909.0 926.0 953.3 974.3 988.5 17

18 Other loans and advances 165.1 177.4 172.0 174.1 175.7 172.4 170.0 174.7 176.2 177.9 180.3 18

19 Mortgages 2683.0 2869.9 2857.2 2726.8 2705.3 2682.1 2661.0 2657.0 2634.4 2616.1 2603.1 19

20 Trade payables 374.9 380.7 388.3 368.9 367.1 368.0 369.3 367.4 365.5 363.0 361.3 20

21 Taxes payable 99.5 106.2 99.9 95.0 94.6 94.4 94.2 94.5 94.6 94.6 94.6 21

22 Miscellaneous liabilities 1100.0 1214.3 1248.1 1282.1 1288.1 1294.8 1301.3 1304.1 1313.6 1313.0 1312.8 22

(1) Equity in the Farm Credit System.
72 Z.1, December 6, 2012

L.104 State and Local Governments (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2516.7 2356.8 2346.7 2331.2 2294.7 2259.8 2208.4 2192.0 2179.5 2173.7 2203.4 1

 2 Checkable deposits and currency 57.1 65.6 84.9 91.5 90.0 95.4 94.2 107.4 104.7 102.5 97.2 2

 3 Time and savings deposits 245.9 265.1 275.9 275.5 278.8 274.4 279.9 293.5 311.3 306.1 318.9 3

 4 Money market fund shares 116.6 113.3 122.0 129.7 129.8 129.8 127.5 126.3 125.4 124.2 126.5 4

 5 Security RPs 132.8 117.2 113.2 107.9 105.1 102.4 100.5 99.6 98.9 98.0 99.8 5

 6 Credit market instruments 1534.8 1330.6 1253.8 1287.3 1273.2 1253.1 1211.9 1196.8 1180.8 1179.6 1208.4 6

 7 Open market paper 139.3 57.4 -16.0 44.1 55.0 65.9 63.9 68.0 67.1 66.1 68.1 7

 8 Treasury securities 588.1 526.7 547.2 538.7 526.0 508.7 487.9 485.2 483.4 489.6 492.2 8

 9 Agency- and GSE-backed securities 467.6 431.4 399.7 383.7 373.5 363.2 350.4 336.7 325.9 322.2 339.8 9

10 Municipal securities 9.5 9.4 10.3 11.1 11.1 11.2 11.0 10.9 10.8 10.7 10.9 10

11 Corporate and foreign bonds 149.1 137.8 140.6 142.1 140.5 138.8 136.3 135.2 134.1 132.9 135.3 11

12 Mortgages 181.2 167.9 172.1 167.7 167.2 165.4 162.3 160.8 159.5 158.1 162.1 12

13 Corporate equities 94.5 60.5 80.7 77.7 75.8 74.0 72.7 72.0 71.5 70.8 72.1 13

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

15 Trade receivables 69.9 47.6 29.0 9.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes receivable 115.7 117.9 111.1 104.7 104.6 110.9 109.7 110.0 111.9 114.1 112.3 16

17 Miscellaneous assets 111.0 203.1 238.5 208.6 194.1 181.8 174.8 149.2 138.3 141.9 131.1 17

18 Total liabilities 3390.9 3448.1 3600.7 3710.3 3700.4 3676.4 3676.3 3697.8 3709.0 3726.0 3728.1 18

19 Credit market instruments 2837.5 2855.4 2968.4 3038.0 3018.1 2984.1 2973.9 2985.3 2986.3 2993.3 2985.3 19

20 Municipal securities 2825.6 2842.7 2954.9 3023.6 3003.6 2969.4 2958.9 2970.0 2970.9 2977.7 2969.7 20

21 Short-term (2) 51.2 55.8 63.6 63.0 60.1 37.6 48.1 52.3 51.9 43.4 55.7 21

22 Long-term 2774.4 2786.9 2891.3 2960.6 2943.5 2931.7 2910.8 2917.6 2919.0 2934.3 2914.0 22

23 U.S. government loans 11.9 12.7 13.5 14.4 14.5 14.7 15.0 15.3 15.4 15.7 15.6 23

24 Trade payables 553.5 592.7 632.3 672.3 682.3 692.4 702.4 712.5 722.6 732.7 742.8 24

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

(2) Debt with original maturity of 13 months or less.
Z.1, December 6, 2012 73

L.105 Federal Government

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 681.2 1261.5 1342.7 1564.8 1393.9 1404.8 1328.1 1338.6 1297.6 1363.2 1394.2 1

 2 U.S. official reserve assets 36.4 41.9 94.6 95.4 102.1 105.9 105.0 103.9 104.5 103.1 104.7 2

 3 Checkable deposits and currency 56.5 368.0 193.6 342.1 117.5 135.5 57.6 84.3 42.0 89.3 83.4 3

 4 Time and savings deposits 2.8 1.6 1.9 2.0 1.5 1.7 1.8 1.7 2.0 2.2 2.1 4

 5 Credit market instruments 281.1 366.4 661.8 746.9 778.2 757.0 761.6 746.2 755.1 773.8 809.0 5

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

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

 8 Other loans and advances 105.8 111.8 177.9 181.4 183.6 180.6 182.4 186.3 188.6 190.2 186.9 8

 9 Mortgages 82.4 95.8 108.4 106.6 107.8 109.3 109.3 110.6 111.7 112.2 112.0 9

10 Consumer credit (1) 93.0 104.3 178.6 308.8 347.5 362.4 398.5 417.4 452.6 470.7 509.5 10

11 Corporate equities (2) 0.0 188.7 67.4 49.9 62.1 66.0 59.3 57.8 48.2 43.6 41.1 11

12 Trade receivables 60.6 64.7 43.6 42.9 44.7 47.0 48.2 47.7 49.0 50.6 49.4 12

13 Taxes receivable 105.0 119.4 133.9 144.3 146.7 149.1 151.5 153.9 156.3 158.7 161.1 13

14 Miscellaneous assets 138.7 110.8 145.8 141.4 141.0 142.7 143.1 143.1 140.5 141.9 143.3 14

15 Total liabilities 6537.4 7888.4 9405.9 11079.8 11341.8 11348.5 11856.4 12258.8 12649.9 12860.6 13111.3 15

16 SDR allocations 7.7 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 16

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

18 Treasury currency 27.4 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 18

19 Credit market instruments 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 19

20 Savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 20

21 Treasury bills 999.5 1861.2 1787.9 1768.9 1694.7 1529.4 1475.6 1519.5 1672.6 1594.4 1613.0 21

22 Other Treasury securities 3903.3 4283.0 5802.8 7404.7 7739.9 7998.7 8442.0 8723.7 8970.1 9246.9 9458.9 22

23 Budget agency securities 23.1 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 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 238.2 260.8 204.6 210.8 225.3 231.4 235.2 231.9 241.8 245.9 248.1 25

26 Insurance reserves 45.4 46.4 47.5 48.4 48.5 48.9 49.2 49.7 49.8 50.2 50.1 26

27 Miscellaneous liabilities (3) 1094.2 1183.5 1261.6 1349.4 1335.1 1242.0 1358.1 1438.3 1420.6 1429.6 1447.6 27

28 Nonmarketable securities held by pension plans 952.0 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 28

29 Other 142.2 168.2 184.4 206.5 206.3 199.9 208.8 224.6 223.4 226.1 224.3 29

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

 the government purchased from depository institutions and finance companies.

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

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

 retirement fund, and foreign service retirement and disability fund.
74 Z.1, December 6, 2012

L.106 Rest of the World

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 16037.6 15239.6 15806.6 17405.5 17953.1 18189.1 18416.5 18801.8 19022.2 19100.4 19387.8 1

 2 SDR allocations 7.7 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 2

 3 Net interbank assets 53.7 464.5 194.0 145.9 390.0 370.2 423.7 367.3 388.6 397.0 347.1 3

 4 U.S. checkable deposits and currency 306.1 370.1 361.0 390.5 411.3 430.9 450.1 472.3 488.9 498.8 522.1 4

 5 U.S. time deposits 207.6 273.1 230.0 246.9 258.8 265.3 281.0 280.0 276.1 289.8 303.0 5

 6 Money market fund shares 46.0 69.7 76.9 69.8 67.3 64.8 64.6 64.3 64.1 63.8 63.5 6

 7 Security RPs (net) 338.4 114.9 31.0 -96.1 -38.2 -53.0 -104.9 -44.9 -83.2 -117.6 -98.6 7

 8 Credit market instruments 7272.6 7504.6 7723.4 8497.0 8599.9 8666.0 8837.1 9127.4 9222.5 9246.5 9402.3 8

 9 Open market paper 278.1 232.9 191.5 191.0 199.3 195.1 199.4 190.7 204.2 189.3 190.2 9

10 Treasury securities 2376.4 3253.0 3670.6 4466.6 4577.9 4664.7 4813.7 5071.1 5200.0 5292.3 5445.3 10

11 Official 1736.7 2400.5 2879.6 3364.8 3421.0 3525.4 3553.5 3653.1 3738.1 3823.0 3923.1 11

12 Private 639.8 852.5 791.0 1101.8 1156.9 1139.3 1260.2 1418.1 1461.9 1469.2 1522.2 12

13 Agency- and GSE-backed securities 1582.4 1406.9 1154.9 1084.0 1072.0 1057.1 1060.5 1079.9 1073.8 1061.2 1066.5 13

14 Official 954.3 940.5 749.0 661.2 668.5 665.1 650.2 648.2 644.0 632.0 626.7 14

15 Private 628.0 466.4 405.9 422.8 403.5 392.0 410.2 431.7 429.8 429.2 439.7 15

16 Municipal securities 45.1 50.5 58.7 71.7 74.2 76.7 79.7 82.7 85.7 88.7 91.7 16

17 U.S. corporate bonds (1) 2719.1 2354.0 2465.3 2523.3 2509.8 2487.4 2476.5 2500.5 2482.9 2444.9 2443.9 17

18 Loans to U.S. corporate business 271.5 207.3 182.5 160.4 166.7 185.1 207.4 202.5 176.0 170.2 164.8 18

19 U.S. corporate equities 2812.2 1806.6 2477.2 2962.1 3161.2 3165.2 2687.0 2973.6 3369.5 3234.8 3471.3 19

20 Mutual fund shares 373.5 256.2 363.6 513.8 569.6 599.8 527.2 559.9 626.3 615.5 645.9 20

21 Trade receivables 83.6 90.1 96.7 116.3 116.2 118.3 132.3 133.5 136.9 139.0 139.7 21

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

23 Miscellaneous assets 4536.2 4282.3 4197.4 4505.0 4360.9 4505.0 5063.3 4814.2 4477.9 4679.1 4537.0 23

24 Foreign direct investment in U.S. (2) 2345.9 2397.4 2398.2 2597.7 2631.9 2695.7 2764.0 2908.8 2932.2 2969.7 2998.0 24

25 Other 2190.2 1884.9 1799.2 1907.3 1729.0 1809.3 2299.3 1905.4 1545.7 1709.4 1539.0 25

26 Total liabilities 8704.4 8844.2 9079.9 9807.3 9830.8 9839.9 10791.6 10080.6 9708.2 10059.5 9372.4 26

27 U.S. official reserve assets (3) 59.5 66.6 119.7 121.4 128.3 132.8 131.3 129.6 129.8 128.1 130.3 27

28 U.S. private deposits 1340.9 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 793.6 789.6 28

29 Credit market instruments 2126.3 1708.8 2090.3 2225.3 2304.8 2326.8 2290.1 2276.7 2288.3 2268.7 2282.3 29

30 Commercial paper 413.0 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 30

31 Bonds 1587.1 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1718.8 1719.7 31

32 Depository institution loans n.e.c. 102.8 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.2 32

33 Official 1.9 2.6 3.2 4.3 4.2 3.2 3.1 2.6 2.5 2.2 2.1 33

34 Banks 30.2 33.0 27.9 39.7 45.7 49.1 53.0 51.0 51.6 54.4 50.7 34

35 Other 70.8 72.4 65.8 71.2 77.1 78.2 84.8 90.7 99.5 108.3 114.5 35

36 Other loans and advances 23.4 21.6 21.9 22.1 22.2 21.9 22.0 23.5 26.7 27.7 28.9 36

37 Trade payables 73.1 63.2 69.3 95.9 94.1 79.5 74.1 69.1 70.8 64.0 57.2 37

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

39 Miscellaneous liabilities 5104.6 6059.0 5959.9 6498.1 6386.3 6382.9 7376.6 6771.1 6416.3 6805.0 6113.0 39

40 U.S. equity in IBRD, etc. 46.9 48.3 50.0 52.3 52.9 54.3 54.7 54.9 55.2 57.0 58.6 40

41 Nonofficial foreign currencies 24.5 554.2 10.9 0.8 0.7 1.0 1.5 100.5 47.2 28.7 13.3 41

42 U.S. direct investment abroad (1,2) 3553.1 3748.5 4029.5 4306.8 4419.1 4560.7 4642.9 4681.6 4806.0 4894.4 4996.5 42

43 Investment by holding companies 110.6 101.5 125.1 135.6 121.9 186.2 195.9 162.1 181.4 166.9 154.0 43

44 Other 1369.5 1606.4 1744.5 2002.5 1791.7 1580.7 2481.5 1772.1 1326.5 1658.1 890.6 44

 Memo:

45 Market value of foreign equities 5248.0 2748.4 3995.3 4646.9 4975.3 5100.2 4202.5 4158.2 4591.0 4230.0 4512.4 45

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
Z.1, December 6, 2012 75

L.107 Financial Business (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 63739.8 62360.2 64080.4 64618.6 66149.5 66578.5 64547.9 66009.7 68512.2 67998.9 68888.6 1

 2 U.S. official reserve assets 34.2 35.7 36.2 37.0 37.2 37.9 37.4 36.8 36.4 36.1 36.6 2

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

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

 5 Foreign deposits 127.3 129.3 97.1 105.9 109.4 113.9 70.0 58.5 48.6 40.6 40.2 5

 6 Net interbank assets 124.4 1475.9 1126.4 1019.6 1459.0 1650.6 1647.4 1622.6 1605.7 1563.0 1496.2 6

 7 Checkable deposits and currency 284.1 391.5 363.8 347.1 352.8 367.8 380.6 381.2 344.9 346.8 350.3 7

 8 Time and savings deposits 435.1 542.5 734.5 657.3 663.2 663.7 624.1 572.4 555.3 549.9 597.6 8

 9 Money market fund shares 901.0 1206.5 1031.0 870.6 843.4 828.0 766.7 815.1 785.6 760.9 774.5 9

10 Federal funds and security RPs 988.0 930.9 878.1 890.8 944.6 920.0 854.9 823.2 875.9 936.0 980.4 10

11 Credit market instruments 36521.1 38861.4 38035.7 37094.9 37304.0 37517.5 37739.4 38176.6 38520.5 38617.2 38830.9 11

12 Open market paper 1194.5 1245.7 871.3 691.0 738.3 685.4 622.9 593.0 607.3 600.5 594.2 12

13 Treasury securities 1835.0 2271.4 2712.8 3174.1 3500.2 3744.8 3929.4 4159.3 4280.1 4233.8 4268.9 13

14 Agency- and GSE-backed securities 4654.5 5515.2 6174.4 5795.8 5806.6 5823.3 5907.5 5979.4 6056.2 6082.8 6112.7 14

15 Municipal securities 1637.5 1689.2 1704.9 1734.5 1706.8 1701.6 1701.4 1737.4 1766.8 1791.2 1840.5 15

16 Corporate and foreign bonds 6557.0 6564.1 6743.5 6848.5 6913.1 6977.9 7031.4 7091.2 7344.1 7404.7 7568.7 16

17 Depository institution loans n.e.c. 2060.1 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2149.3 2175.7 17

18 Other loans and advances 2116.1 2261.3 1711.0 1429.8 1391.1 1389.9 1368.9 1398.2 1382.1 1409.0 1392.2 18

19 Mortgages 14089.8 14176.2 13887.8 13283.4 13190.2 13102.6 13026.4 12970.2 12867.2 12805.6 12715.6 19

20 Consumer credit 2376.5 2388.3 2208.5 2183.4 2113.1 2120.0 2127.7 2161.0 2114.9 2140.2 2162.5 20

21 Corporate equities 13042.8 7819.9 10063.0 11584.1 12215.7 12179.2 10096.4 11000.5 12363.0 11763.1 12447.2 21

22 Mutual fund shares 2633.8 1694.1 2237.4 2589.8 2716.3 2732.1 2404.7 2591.0 2834.1 2745.1 2865.0 22

23 Trade receivables 197.1 182.2 144.2 135.6 138.0 139.3 136.2 134.8 136.4 134.4 135.9 23

24 Security credit 660.0 385.8 422.6 520.5 554.8 566.1 576.0 559.8 613.3 632.5 704.8 24

25 Life insurance reserves 124.7 130.0 132.8 141.1 142.5 143.4 145.8 148.4 167.5 169.7 172.7 25

26 Miscellaneous assets 7625.4 8533.5 8729.6 8575.7 8619.6 8669.8 9018.9 9039.5 9575.5 9653.9 9406.2 26

27 Total liabilities 60650.2 59492.4 60604.7 60965.0 62475.0 62879.5 61032.7 62402.3 64538.9 64024.9 65026.3 27

28 Net interbank liabilities 136.3 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.6 1985.6 1946.5 1882.1 28

29 Checkable deposits and currency 1532.9 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2637.5 29

30 Time and savings deposits 7606.7 7940.9 8316.3 8432.4 8553.3 8714.0 8724.0 8805.2 8914.8 8968.0 9080.6 30

31 Money market fund shares 3033.1 3757.3 3258.3 2755.3 2679.4 2637.8 2577.9 2642.5 2535.4 2467.9 2506.9 31

32 Federal funds and security RPs 2118.5 1238.2 1488.4 1272.3 1312.7 1258.2 1102.1 1140.7 1187.7 1167.1 1134.1 32

33 Credit market instruments 16224.1 17122.9 15708.4 14498.3 14434.0 14273.4 14173.5 14062.1 14001.3 13846.1 13779.4 33

34 Open market paper 1251.8 1125.8 677.6 575.9 592.5 557.5 527.2 507.8 504.2 472.6 454.7 34

35 Agency- and GSE-backed securities 7374.6 8143.4 8083.3 7574.0 7624.3 7553.3 7560.0 7552.1 7508.5 7517.2 7519.5 35

36 Corporate and foreign bonds 6280.8 6000.3 5738.0 5334.5 5245.7 5158.3 5088.8 5013.0 5057.7 4959.4 4906.5 36

37 Depository institution loans n.e.c. 293.1 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 309.1 37

38 Other loans and advances 867.1 900.5 617.9 473.2 442.5 424.8 408.7 413.1 389.5 412.2 400.9 38

39 Mortgages 156.7 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.6 39

40 Mutual fund shares 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 40

41 Trade payables 45.8 21.2 70.1 18.1 18.5 19.3 16.4 14.2 17.3 13.5 12.8 41

42 Security credit 1200.9 963.6 888.2 936.6 942.3 1011.0 1128.9 1073.6 1107.8 1165.7 1215.9 42

43 Life insurance reserves 1156.1 1133.4 1194.5 1229.9 1254.3 1268.6 1271.1 1302.3 1331.6 1320.6 1344.4 43

44 Pension fund reserves 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 44

45 Taxes payable 32.4 -101.1 -95.0 -87.3 -79.5 -81.3 -85.7 -77.5 -76.8 -76.2 -66.1 45

46 Miscellaneous liabilities 6343.6 7546.9 7480.1 7376.7 7336.1 7433.6 7653.2 7707.5 8087.1 8146.4 8179.5 46

 Memo:

47 Market value of corporate equities 4602.2 2875.4 3633.2 4341.2 4655.5 4624.8 3794.5 4150.2 4816.3 4597.3 4880.6 47

48 Equity in noncorporate business 11.6 9.5 12.1 13.8 15.4 15.1 13.6 13.0 17.9 17.8 18.5 48

(1) Sum of financial sectors shown on tables L.108 through L.129.
76 Z.1, December 6, 2012

L.108 Monetary Authority (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 951.3 2270.6 2267.2 2453.2 2656.8 2891.6 2876.7 2947.2 2886.7 2883.3 2837.6 1

 2 U.S. official reserve assets 34.2 35.7 36.2 37.0 37.2 37.9 37.4 36.8 36.4 36.1 36.6 2

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

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

 5 Federal Reserve float (2) -0.0 -1.5 -2.1 -1.4 -1.4 -0.9 -0.8 -0.6 -0.7 -0.7 -0.6 5

 6 Interbank loans (2) 48.6 559.7 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 6

 7 Discount window (3) 48.6 544.0 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 7

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

 9 Security RPs 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Credit market instruments 740.6 986.0 1987.7 2259.2 2479.2 2700.4 2686.1 2635.6 2613.4 2610.9 2565.1 10

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

12 Treasury securities 740.6 475.9 776.6 1021.5 1340.4 1619.5 1664.7 1663.4 1661.1 1659.9 1645.3 12

13 Treasury bills 227.8 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 0.0 13

14 Other Treasury securities 512.8 457.5 758.2 1003.1 1322.0 1601.1 1646.2 1645.0 1642.7 1641.5 1645.3 14

15 Agency- and GSE-backed securities 0.0 19.7 1068.3 1139.6 1069.7 1025.6 979.2 941.7 933.3 946.5 918.4 15

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

17 Other agency- and GSE-backed securities 0.0 19.7 159.9 147.5 132.5 116.7 108.3 104.0 96.5 91.5 83.4 17

18 Depository institution loans n.e.c. 0.0 490.4 142.8 98.1 69.1 55.3 42.3 30.5 19.0 4.5 1.5 18

19 Households (TALF) (5) 0.0 0.0 47.5 24.7 19.2 12.8 11.3 9.0 7.1 4.5 1.5 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 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

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

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

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

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

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

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

28 Miscellaneous assets 40.5 569.8 75.9 83.1 92.8 105.0 104.6 225.8 188.1 187.2 186.5 28

29 Nonofficial foreign currencies (12) 24.0 553.7 10.3 0.1 0.0 0.0 0.5 99.8 46.5 28.0 12.6 29

30 Other 16.5 16.1 65.6 83.0 92.8 105.0 104.1 126.0 141.6 159.3 174.0 30

31 Total liabilities 932.8 2249.6 2241.6 2426.7 2630.5 2865.1 2850.7 2920.3 2859.5 2855.9 2810.2 31

32 Depository institution reserves 20.8 860.0 977.0 968.1 1407.0 1595.9 1597.5 1562.3 1549.9 1507.0 1440.4 32

33 Vault cash of depository institutions 55.0 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.4 33

34 Checkable deposits and currency 792.1 1220.3 1102.7 1287.8 1078.7 1116.4 1090.8 1165.7 1122.7 1178.4 1185.9 34

35 Due to federal government 16.4 365.7 191.9 340.9 116.4 135.3 56.4 85.9 43.6 91.5 85.6 35

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

37 Treasury general deposit account 16.1 106.1 186.6 140.8 111.2 130.1 56.3 85.7 43.5 91.4 85.4 37

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

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

40 Due to government-sponsored enterprises 1.7 21.1 35.1 13.5 10.2 7.3 44.8 64.6 36.9 29.9 22.6 40

41 Currency outside banks 773.9 832.2 873.3 930.0 952.0 973.5 987.0 1015.0 1042.1 1055.3 1072.1 41

42 Security RPs 44.0 88.4 77.7 59.7 62.2 70.3 84.1 99.9 96.7 85.5 92.7 42

43 Miscellaneous liabilities 21.0 23.1 29.2 58.4 29.3 27.0 27.7 31.7 33.7 28.5 34.8 43

44 Federal Reserve Bank stock 18.5 21.1 25.6 26.5 26.3 26.5 26.0 26.9 27.2 27.3 27.4 44

45 Other 2.5 2.1 3.6 31.9 3.1 0.5 1.7 4.8 6.5 1.1 7.5 45

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

(2) Shown on table L.203.

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

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

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
Z.1, December 6, 2012 77

L.109 Private Depository Institutions (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 12362.1 14114.6 13425.0 13543.2 13920.2 14169.9 14565.0 14634.9 14520.5 14696.1 14762.4 1

 2 Vault cash 55.0 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.4 2

 3 Reserves at Federal Reserve 20.8 860.0 977.0 968.1 1407.0 1595.9 1597.5 1562.3 1549.9 1507.0 1440.4 3

 4 Credit market instruments 10915.0 11295.5 10728.2 10913.1 10801.9 10798.9 10948.7 11108.1 11109.9 11210.3 11291.1 4

 5 Open market paper 0.4 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Treasury securities 122.7 101.9 196.6 299.5 305.1 270.4 273.3 252.9 280.6 294.8 327.8 6

 7 Agency- and GSE-backed securities 1258.2 1400.3 1580.0 1718.1 1766.7 1767.1 1787.5 1851.7 1929.2 1905.8 1903.5 7

 8 Municipal securities 204.0 224.4 227.8 257.1 262.7 269.8 286.7 300.7 310.6 330.2 352.8 8

 9 Corporate and foreign bonds 1119.1 1078.2 932.6 787.0 762.1 763.5 808.5 794.6 757.7 754.3 775.5 9

10 Depository institution loans n.e.c. 2060.1 2259.5 1878.9 1856.3 1875.5 1916.8 1981.5 2056.4 2082.9 2144.8 2174.2 10

11 Other loans and advances 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Mortgages 5018.6 5014.2 4768.9 4583.0 4468.0 4430.6 4424.2 4436.2 4370.3 4373.9 4333.7 12

13 Consumer credit 1131.5 1201.2 1143.4 1412.0 1361.8 1380.6 1387.0 1415.6 1378.7 1406.5 1423.7 13

14 Corporate equities 88.8 33.8 63.6 73.6 78.0 80.9 58.7 67.4 80.4 75.0 83.4 14

15 Mutual fund shares 31.6 21.6 47.4 46.5 48.8 46.8 38.4 43.4 48.8 49.3 54.9 15

16 Security credit 334.5 221.0 219.6 242.3 239.0 253.3 324.1 321.3 345.5 388.1 433.2 16

17 Life insurance reserves 104.3 110.7 111.5 116.0 117.3 118.4 119.3 120.8 133.8 135.0 136.4 17

18 Miscellaneous assets 812.2 1514.3 1222.7 1130.9 1174.9 1220.3 1427.7 1350.8 1195.7 1274.8 1266.7 18

19 Total liabilities 11893.5 13621.7 13222.9 13498.0 13945.0 14213.4 14640.2 14708.0 14769.5 14932.8 15111.9 19

20 Net interbank liabilities 60.6 1005.2 293.6 127.0 387.4 373.9 432.9 361.5 379.2 382.9 385.4 20

21 Checkable deposits 740.8 881.0 990.7 1072.0 1114.6 1198.1 1312.9 1428.6 1397.7 1415.9 1451.6 21

22 Small time and savings deposits 5224.5 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 22

23 Large time deposits 2382.2 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.2 23

24 Federal funds and security RPs (net) 807.1 467.5 835.8 674.9 651.2 600.9 616.3 600.1 568.2 567.6 538.1 24

25 Credit market instruments 1023.7 1030.4 743.9 968.6 930.3 910.7 891.8 892.8 863.7 868.4 846.6 25

26 Open market paper 0.5 0.0 0.0 112.9 109.2 109.0 109.9 120.6 104.3 102.1 90.7 26

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

28 Other loans and advances 838.4 845.6 567.6 418.9 387.7 369.0 352.5 356.4 332.2 351.9 346.0 28

29 Taxes payable (net) 12.4 -73.6 -66.2 -59.6 -54.9 -50.3 -46.9 -49.1 -52.6 -50.3 -46.3 29

30 Miscellaneous liabilities 1642.2 2370.3 2108.8 2282.8 2363.1 2466.1 2709.3 2668.8 2698.6 2780.2 2855.9 30

31 Foreign direct investment in U.S. 94.2 71.7 107.7 114.8 118.7 122.4 131.3 153.1 146.6 149.2 147.0 31

32 Investment by holding companies 1256.9 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1832.6 1878.5 32

33 Investment by funding corporations 241.0 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 33

34 Other 50.1 651.4 198.5 363.7 384.5 496.1 741.0 666.0 612.6 669.9 712.5 34

 Memo:

35 Consumer leases not included above (2) 11.2 9.5 6.9 6.2 6.1 6.1 6.2 6.0 6.0 5.9 6.2 35

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

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

 The leased automobile is a nonfinancial asset.
78 Z.1, December 6, 2012

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

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 10513.4 11639.0 11257.1 11290.8 11309.2 11452.8 11557.3 11706.4 11656.3 11747.4 11811.4 1

 2 Vault cash 55.0 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.4 2

 3 Reserves at Federal Reserve 19.8 616.4 670.1 580.4 711.4 868.2 793.3 805.2 813.4 771.6 730.2 3

 4 Credit market instruments 9201.0 9442.9 9131.1 9341.5 9211.3 9185.9 9299.0 9468.4 9462.8 9564.3 9622.9 4

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

 6 Treasury securities 80.1 56.4 124.5 217.5 216.1 183.3 191.7 173.9 187.8 212.5 227.8 6

 7 Agency- and GSE-backed securities 1106.3 1242.5 1417.4 1527.2 1561.8 1559.6 1576.6 1634.1 1699.2 1668.4 1672.7 7

 8 Residential mortgage pass-through securities 697.1 851.0 837.5 835.3 840.3 827.1 844.6 899.1 946.8 932.4 932.9 8

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

10 Residential CMOs and other structured MBS 174.1 193.9 264.0 393.4 417.8 450.1 472.2 473.8 482.0 460.6 460.0 10

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

12 Other 235.1 197.6 308.4 291.5 295.2 272.0 243.0 239.6 230.9 227.6 223.6 12

13 Municipal securities 202.0 221.9 224.3 254.6 259.9 267.3 283.8 297.3 307.2 327.4 350.0 13

14 Corporate and foreign bonds 714.6 650.5 667.1 548.9 532.0 525.1 544.6 551.8 532.3 528.8 542.7 14

15 Priv. residential mortgage pass-through securities 54.7 29.0 16.2 6.5 12.9 6.8 5.8 3.5 3.1 18.8 18.0 15

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

17 Priv. residential CMOs and other structured MBS 328.9 285.6 202.9 132.3 123.8 116.8 113.7 110.4 97.4 93.7 92.9 17

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

19 Other 330.9 335.9 404.1 374.0 366.1 372.3 390.9 401.8 395.2 377.2 391.6 19

20 Depository institution loans n.e.c. 1544.6 1675.8 1419.6 1412.9 1415.5 1445.0 1501.0 1569.2 1596.2 1666.4 1698.7 20

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

22 Mortgages 4658.6 4615.2 4371.9 4194.9 4082.5 4045.9 4038.2 4049.6 3984.5 3986.4 3944.8 22

23 Consumer credit 894.9 965.0 906.3 1185.5 1143.6 1159.8 1163.1 1192.6 1155.7 1174.5 1186.2 23

24 Corporate equities 88.8 33.8 63.6 73.6 78.0 80.9 58.7 67.4 80.4 75.0 83.4 24

25 Mutual fund shares 29.6 19.6 46.1 45.0 47.1 45.0 36.6 41.7 46.7 47.3 52.8 25

26 Security credit 145.9 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 26

27 Life insurance reserves 104.3 110.7 111.5 116.0 117.3 118.4 119.3 120.8 133.8 135.0 136.4 27

28 Miscellaneous assets 869.1 1199.2 1021.7 929.3 938.7 935.8 1012.8 952.6 871.8 887.9 887.4 28

29 Total liabilities 10106.2 11212.0 11110.9 11304.0 11389.4 11554.7 11691.3 11839.0 11965.8 12046.7 12224.0 29

30 Net interbank liabilities 527.5 1238.0 697.2 480.9 480.7 410.3 323.4 233.7 281.3 224.3 230.6 30

31 Federal Reserve float -0.0 -1.5 -2.1 -1.4 -1.4 -0.9 -0.8 -0.6 -0.7 -0.7 -0.6 31

32 Borrowing from Federal Reserve banks 48.6 559.7 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 32

33 To domestic banks 0.6 35.4 52.4 20.8 34.7 51.2 66.8 61.4 69.6 63.6 67.3 33

34 To foreign banks 478.3 644.4 550.3 461.3 447.3 359.9 257.3 172.8 212.4 161.3 163.8 34

35 Checkable deposits 639.6 777.5 871.6 941.1 978.0 1059.7 1154.6 1260.5 1219.8 1232.0 1267.9 35

36 Federal government 42.9 3.5 3.8 3.6 3.6 3.7 3.0 1.0 1.3 1.2 1.1 36

37 Rest of the world 31.7 62.9 34.3 30.4 43.3 46.5 51.4 56.1 54.6 54.1 55.4 37

38 Private domestic 564.9 711.1 833.5 907.0 931.0 1009.5 1100.2 1203.5 1163.8 1176.7 1211.5 38

39 Small time and savings deposits 4664.0 5144.6 5617.0 5888.6 5980.1 6130.7 6293.3 6425.7 6598.7 6636.4 6775.6 39

40 Large time deposits 1378.2 1309.2 979.4 849.1 824.2 819.4 802.1 813.9 743.4 777.4 749.4 40

41 Federal funds and security RPs (net) 583.4 335.3 665.6 451.7 426.8 407.0 361.6 342.6 301.3 285.3 258.5 41

42 Credit market instruments 990.9 989.8 717.4 942.4 906.6 887.9 868.0 868.7 840.8 844.7 822.2 42

43 Open market paper 0.0 0.0 0.0 112.9 109.2 109.0 109.9 120.6 104.3 102.1 90.7 43

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

45 Other loans and advances 806.1 805.0 541.1 392.8 364.0 346.1 328.7 332.3 309.3 328.2 321.6 45

46 Taxes payable (net) 12.4 -73.6 -66.2 -59.6 -54.9 -50.3 -46.9 -49.1 -52.6 -50.3 -46.3 46

47 Miscellaneous liabilities 1310.2 1491.2 1628.9 1809.8 1847.9 1890.0 1935.2 1943.0 2033.2 2096.8 2166.1 47

48 Investment by holding companies 1256.9 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1832.6 1878.5 48

49 Other 53.3 120.6 29.4 177.0 176.9 215.8 238.4 231.1 248.1 264.2 287.6 49

 Memo:

50 Consumer leases not included above (1) 11.2 9.5 6.9 6.2 6.1 6.1 6.2 6.0 6.0 5.9 6.2 50

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

 The leased automobile is a nonfinancial asset.
Z.1, December 6, 2012 79

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

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1048.0 1624.8 1267.5 1336.7 1668.0 1793.1 2078.8 1999.0 1909.6 1976.8 1978.1 1

 2 Reserves at Federal Reserve 1.0 239.0 284.1 350.8 640.8 677.5 762.5 711.0 679.1 687.8 670.6 2

 3 Credit market instruments 963.3 1063.8 777.9 747.1 757.6 773.4 804.4 784.9 775.5 760.4 778.1 3

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

 5 Treasury securities 30.4 35.5 57.5 60.9 66.1 63.6 58.1 60.5 71.6 61.0 77.3 5

 6 Agency- and GSE-backed securities 57.1 50.6 31.3 26.5 31.4 30.6 32.2 30.6 29.0 32.3 30.2 6

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

 8 Corporate and foreign bonds 369.5 401.6 244.9 233.9 220.6 229.5 255.7 234.5 216.4 216.6 223.7 8

 9 Depository institution loans n.e.c. 466.8 531.9 406.5 390.4 405.7 416.7 424.7 426.6 427.2 419.3 415.7 9

10 Other loans and advances 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Mortgages 39.0 44.2 37.8 35.4 33.8 33.0 33.7 32.8 31.2 31.2 31.2 11

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

13 Security credit 188.6 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.4 13

14 Miscellaneous assets -104.9 259.7 143.9 148.7 182.6 252.0 374.8 371.4 300.2 350.3 338.1 14

15 Total liabilities 1067.5 1639.6 1283.7 1354.1 1688.9 1813.6 2100.8 2020.9 1932.5 1999.9 2002.7 15

16 Net interbank liabilities -404.1 -163.7 -322.5 -274.4 -16.7 42.4 203.8 222.4 202.7 263.0 260.7 16

17 To foreign banks -424.6 -179.9 -356.2 -315.4 -57.4 10.4 166.3 194.5 176.2 235.7 183.3 17

18 To domestic banks 20.5 16.2 33.7 41.0 40.6 32.1 37.4 27.9 26.5 27.2 77.4 18

19 Checkable deposits 11.8 13.5 16.1 21.9 20.7 23.2 38.2 45.6 44.3 48.9 53.9 19

20 Small time and savings deposits 25.5 25.6 29.9 35.7 42.6 47.4 50.9 48.9 57.9 62.1 62.4 20

21 Large time deposits 907.9 784.7 958.6 909.0 937.1 945.4 804.6 736.6 706.8 678.2 679.8 21

22 Federal funds and security RPs (net) 226.3 130.0 170.3 223.2 224.4 212.7 265.6 273.4 287.8 295.3 288.2 22

23 Open market paper (2) 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities 299.6 849.4 431.3 438.7 480.7 542.4 737.6 694.0 633.0 652.5 657.8 24

25 Foreign direct investment in U.S. 94.2 71.7 107.7 114.8 118.7 122.4 131.3 153.1 146.6 149.2 147.0 25

26 Investment by funding corporations 241.0 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 26

27 Other -35.6 501.1 120.5 152.4 173.1 246.5 466.2 403.1 332.2 374.7 392.8 27

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

(2) Bankers’ acceptances.
80 Z.1, December 6, 2012

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

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 104.9 102.0 94.7 79.9 78.5 77.1 80.4 75.8 75.7 78.5 75.2 1

 2 Credit market instruments 92.8 90.9 88.1 68.9 67.6 65.2 63.7 64.0 63.9 62.7 62.0 2

 3 Treasury securities 1.8 1.2 0.5 1.1 1.1 1.6 0.9 1.0 0.9 1.3 1.0 3

 4 Agency- and GSE-backed securities 26.3 24.4 20.5 12.8 6.9 6.0 5.4 4.8 5.1 4.8 4.0 4

 5 Municipal securities 2.0 2.5 3.5 2.5 2.8 2.5 2.8 3.4 3.4 2.8 2.8 5

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

 7 Depository institution loans n.e.c. 21.4 19.7 19.4 16.1 16.0 16.0 16.6 17.1 17.2 17.3 17.6 7

 8 Home mortgages 21.5 22.9 22.6 20.1 18.8 18.2 17.9 17.8 17.5 17.3 17.0 8

 9 Commercial mortgages 19.3 19.7 19.6 15.7 16.1 15.7 15.4 15.6 15.4 15.1 14.9 9

10 Miscellaneous assets 12.1 11.1 6.5 11.0 10.9 11.9 16.7 11.8 11.8 15.8 13.2 10

11 Total liabilities 94.4 91.0 90.0 75.2 74.7 73.6 76.5 72.1 71.7 74.7 71.9 11

12 Net interbank liabilities -2.6 -3.2 -4.2 -3.3 -4.1 -4.4 -4.9 -4.6 -4.4 -4.6 -5.3 12

13 Checkable deposits 15.7 14.6 16.1 16.6 17.1 18.1 18.0 19.4 19.5 22.3 20.9 13

14 Small time and savings deposits 26.3 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 14

15 Large time deposits 26.3 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 15

16 Miscellaneous liabilities 28.8 24.9 29.2 23.3 22.9 21.6 25.0 19.4 19.1 17.9 19.2 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 695.8 748.8 805.7 835.8 864.6 846.9 848.5 853.7 879.0 893.3 897.8 1

 2 Reserves at Federal Reserve 0.0 4.7 22.8 36.9 54.7 50.2 41.8 46.1 57.4 47.6 39.6 2

 3 Credit market instruments 657.9 697.8 731.0 755.6 765.4 774.3 781.6 790.8 807.7 823.0 828.1 3

 4 Open market paper 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 10.4 8.8 14.2 20.0 21.8 21.9 22.5 17.5 20.4 20.1 21.7 5

 6 Agency- and GSE-backed securities 68.4 82.9 110.8 151.6 166.6 170.9 173.4 182.2 195.8 200.4 196.6 6

 7 Corporate and foreign bonds 34.6 25.7 18.6 3.7 3.7 3.8 3.6 4.1 4.7 4.8 4.4 7

 8 Depository institution loans n.e.c. 27.3 32.1 33.4 36.9 38.3 39.2 39.2 43.5 42.2 41.7 42.2 8

 9 Home mortgages 280.2 312.2 316.9 317.0 316.8 317.8 318.9 320.5 321.6 324.0 325.7 9

10 Consumer credit 236.6 236.2 237.1 226.5 218.1 220.9 223.9 223.0 223.0 232.0 237.5 10

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

12 Miscellaneous assets 35.9 44.3 50.6 41.9 42.8 20.5 23.4 15.0 11.8 20.8 27.9 12

13 Total liabilities 625.4 679.0 738.3 764.7 792.1 771.5 771.7 776.0 799.5 811.4 813.3 13

14 Net interbank liabilities -60.3 -65.9 -76.9 -76.2 -72.5 -74.5 -89.4 -90.1 -100.3 -99.8 -100.6 14

15 Shares/deposits 652.3 697.4 769.4 803.8 829.3 829.8 836.8 845.3 884.6 887.4 885.2 15

16 Checkable 73.7 75.3 86.9 92.4 98.7 97.1 102.1 103.1 114.1 112.7 108.9 16

17 Small time and savings 508.7 551.7 655.1 681.3 699.4 701.4 702.3 708.7 735.2 738.8 738.8 17

18 Large time 69.9 70.4 27.3 30.1 31.2 31.3 32.4 33.5 35.3 35.9 37.5 18

19 Federal funds and security RPs (net) -2.5 2.3 -0.1 -0.0 0.0 -18.8 -10.9 -15.9 -20.9 -12.9 -8.6 19

20 Other loans and advances 32.3 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 20

21 Miscellaneous liabilities 3.6 4.7 19.4 11.0 11.6 12.2 11.5 12.4 13.2 13.1 12.9 21
Z.1, December 6, 2012 81

L.114 Property-Casualty Insurance Companies

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1385.8 1305.5 1377.1 1373.7 1383.3 1379.3 1354.8 1391.6 1410.5 1409.9 1435.8 1

 2 Checkable deposits and currency 42.7 27.9 27.6 32.6 33.8 35.6 25.7 24.1 29.1 29.3 32.9 2

 3 Money market fund shares 20.7 32.8 29.6 25.6 27.7 26.1 23.6 24.6 21.1 21.2 24.5 3

 4 Security RPs 3.6 4.4 4.5 3.8 3.5 2.3 2.0 1.8 1.8 1.8 1.8 4

 5 Credit market instruments 869.3 853.4 886.7 890.6 895.2 890.3 890.6 918.1 910.4 910.3 915.3 5

 6 Open market paper 13.3 19.1 9.8 7.9 8.5 8.0 5.3 5.5 4.7 4.7 5.5 6

 7 Treasury securities 71.3 65.6 88.5 91.7 93.3 91.9 90.7 93.6 91.0 89.3 92.4 7

 8 Agency- and GSE-backed securities 125.8 114.3 116.2 115.8 116.8 116.9 118.1 122.2 121.5 121.7 121.9 8

 9 Municipal securities 371.3 381.9 369.4 348.4 342.3 333.7 328.3 331.0 329.1 329.6 330.1 9

10 Corporate and foreign bonds 282.9 267.5 298.3 322.6 330.2 335.4 343.7 361.0 358.9 359.5 360.0 10

11 Commercial mortgages 4.8 5.0 4.4 4.1 4.1 4.3 4.6 4.9 5.2 5.4 5.5 11

12 Corporate equities 236.2 193.3 219.8 219.2 222.7 220.2 203.4 224.4 248.9 244.4 257.9 12

13 Mutual fund shares 6.8 4.4 5.3 5.7 5.8 5.8 5.2 5.5 5.7 5.5 5.7 13

14 Trade receivables 85.4 86.7 83.0 83.8 84.4 88.2 88.7 87.2 91.1 92.0 94.5 14

15 Miscellaneous assets 121.1 102.6 120.6 112.3 110.1 110.7 115.7 105.9 102.3 105.4 103.3 15

16 Total liabilities 818.6 792.3 804.3 823.1 825.3 831.8 831.8 855.2 881.9 882.5 885.2 16

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

18 Taxes payable (net) 7.0 -21.1 -15.8 -10.1 -7.9 -13.1 -19.4 -14.5 -8.0 -13.2 -8.7 18

19 Miscellaneous liabilities 811.1 811.0 819.5 831.8 832.6 844.3 850.7 869.4 889.5 895.3 893.3 19

L.115 Life Insurance Companies

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

 1 Total financial assets 4949.7 4515.5 4823.9 5176.3 5276.4 5320.1 5232.5 5340.0 5502.2 5437.9 5561.6 1

 2 Checkable deposits and currency 58.3 82.8 50.7 51.7 47.0 48.2 57.8 53.7 52.9 56.1 53.5 2

 3 Money market fund shares 21.6 39.2 33.7 21.0 19.7 17.9 17.0 28.8 26.4 31.0 31.4 3

 4 Security RPs 2.7 8.0 10.2 10.9 9.7 8.8 10.8 10.1 9.2 9.3 8.2 4

 5 Credit market instruments 2871.2 2882.8 3022.6 3174.2 3211.1 3237.3 3284.3 3297.9 3322.4 3288.0 3319.1 5

 6 Open market paper 41.7 38.3 49.8 40.9 40.1 38.7 43.3 29.7 29.0 31.8 32.2 6

 7 Treasury securities 70.6 105.7 133.5 156.6 158.2 158.7 162.6 167.1 169.5 169.7 171.3 7

 8 Agency- and GSE-backed securities 382.9 366.2 371.9 376.0 376.8 375.9 376.1 374.7 364.8 353.0 356.4 8

 9 Municipal securities 41.4 47.1 73.1 112.3 115.0 117.1 119.6 121.6 122.6 120.7 121.9 9

10 Corporate and foreign bonds 1862.6 1817.0 1927.2 2030.2 2063.1 2081.8 2107.4 2123.6 2153.3 2124.6 2148.3 10

11 Other loans and advances 145.8 166.1 140.9 140.7 139.7 142.4 146.5 148.6 146.6 147.7 145.4 11

12 Mortgages 326.2 342.4 326.1 317.5 318.2 322.8 328.6 332.5 336.7 340.5 343.5 12

13 Corporate equities 1464.6 1001.7 1208.5 1402.6 1490.0 1496.1 1322.2 1390.2 1501.0 1446.7 1528.4 13

14 Mutual fund shares 188.4 121.0 140.8 155.7 158.7 158.5 142.9 150.1 159.1 153.2 159.3 14

15 Miscellaneous assets 342.9 380.1 357.6 360.3 340.1 353.3 397.6 409.3 431.2 453.6 461.7 15

16 Total liabilities 4661.7 4266.5 4532.5 4850.8 4957.6 4985.0 4897.3 5001.3 5156.5 5085.2 5198.9 16

17 Security RPs 20.2 12.9 12.4 10.3 9.5 10.0 9.7 10.4 10.8 11.7 12.7 17

18 Other loans and advances 28.7 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 18

19 Life insurance reserves 1156.1 1133.4 1194.5 1229.9 1254.3 1268.6 1271.1 1302.3 1331.6 1320.6 1344.4 19

20 Pension fund reserves (1) 2450.8 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 20

21 Taxes payable (net) -4.7 -24.4 -31.4 -28.8 -27.9 -29.1 -30.3 -23.6 -27.3 -23.9 -23.6 21

22 Miscellaneous liabilities 1010.6 905.0 985.6 1089.7 1087.0 1078.3 1080.9 1108.8 1159.3 1145.2 1182.1 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).
82 Z.1, December 6, 2012

L.116 Private Pension Funds (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 6410.6 4552.7 5471.0 6100.1 6331.2 6329.7 5698.2 6081.6 6560.9 6373.1 6598.7 1

 2 Checkable deposits and currency 11.8 12.3 16.4 20.9 19.9 20.8 21.2 22.0 21.2 21.7 21.9 2

 3 Time and savings deposits 67.7 67.9 72.7 72.8 72.8 73.3 73.0 73.3 73.3 73.0 73.7 3

 4 Money market fund shares 93.5 95.7 96.4 96.3 96.2 96.2 96.1 96.1 96.1 96.1 96.1 4

 5 Security RPs 25.8 33.1 36.2 36.1 36.4 31.9 32.3 31.9 35.1 34.9 34.4 5

 6 Credit market instruments 860.8 951.4 1063.0 1122.4 1130.9 1138.2 1161.3 1171.4 1172.0 1165.2 1166.4 6

 7 Open market paper 26.9 37.2 26.7 18.2 19.3 18.7 18.1 16.7 17.5 17.7 15.9 7

 8 Treasury securities 169.5 184.9 310.7 391.0 399.0 405.6 424.5 436.2 448.1 453.6 461.4 8

 9 Agency- and GSE-backed securities 296.8 318.1 269.1 257.6 258.8 259.9 263.1 262.6 252.4 241.8 232.5 9

10 Corporate and foreign bonds 357.4 400.1 442.9 440.1 438.8 439.2 441.4 440.9 439.2 437.4 442.0 10

11 Mortgages 10.2 11.1 13.6 15.5 15.0 14.8 14.2 15.0 14.8 14.7 14.6 11

12 Corporate equities 2673.3 1599.7 1835.7 2081.1 2185.3 2164.7 1815.5 2005.1 2245.6 2148.1 2254.4 12

13 Mutual fund shares 2110.6 1366.0 1817.3 2121.1 2230.7 2250.6 1995.1 2144.6 2344.7 2273.3 2370.4 13

14 Miscellaneous assets 567.1 426.5 533.3 549.4 559.0 554.0 503.8 537.3 572.9 561.0 581.4 14

15 Unallocated insurance contracts (2) 431.3 317.6 412.8 457.5 471.6 471.0 420.9 451.3 487.3 472.1 491.0 15

16 Contributions receivable 47.2 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 16

17 Other 88.6 61.0 70.0 42.8 38.4 34.1 33.8 36.6 35.9 38.9 40.1 17

18 Pension fund reserves (liabilities) (3) 6444.8 4588.0 5507.4 6136.6 6367.7 6366.3 5734.7 6118.2 6597.5 6409.6 6635.2 18

 Memo:

 Total financial assets (4)

19 Defined benefit plans 2596.0 1853.5 2104.7 2264.3 2322.7 2309.7 2102.9 2206.4 2341.3 2281.4 2344.1 19

20 Defined contibution plans 3814.5 2699.2 3366.3 3835.7 4008.5 4020.0 3595.3 3875.2 4219.7 4091.7 4254.6 20

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

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

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

(4) Additional detail on defined benefit plans and defined contribution plans is available on L.116.b and L.116.c.
Z.1, December 6, 2012 83

L.117 State and Local Government Employee Retirement Funds

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3198.8 2324.5 2673.7 2931.5 3034.2 3013.2 2661.1 2849.1 3081.5 2993.0 3093.0 1

 2 Checkable deposits and currency 17.9 17.8 17.7 17.3 18.1 17.9 18.6 18.4 18.6 18.7 18.7 2

 3 Time and savings deposits 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.7 0.8 0.8 0.8 3

 4 Money market fund shares 12.4 14.3 14.3 13.9 14.7 14.5 15.0 14.8 15.0 15.1 15.1 4

 5 Security RPs 21.7 23.5 23.5 22.8 24.0 23.7 24.6 24.3 24.6 24.8 24.8 5

 6 Credit market instruments 820.3 833.5 824.7 816.5 825.0 820.5 835.6 834.8 843.0 847.4 850.2 6

 7 Open market paper 38.4 25.9 24.0 22.4 23.5 23.2 24.1 23.8 24.1 24.3 24.2 7

 8 Treasury securities 141.6 146.4 174.5 185.6 187.9 186.9 189.0 188.9 189.3 189.6 190.3 8

 9 Agency- and GSE-backed securities 331.1 337.5 306.9 285.2 288.7 287.2 290.4 290.3 290.9 291.4 292.4 9

10 Municipal securities 2.4 1.4 1.5 1.6 1.6 1.6 1.5 1.5 6.4 8.4 8.4 10

11 Corporate and foreign bonds 297.0 312.9 308.6 312.4 314.1 312.4 321.2 320.9 323.0 324.5 325.7 11

12 Mortgages 9.7 9.4 9.3 9.4 9.2 9.2 9.3 9.3 9.3 9.3 9.2 12

13 Corporate equities 2013.7 1237.9 1549.8 1782.5 1861.9 1848.2 1525.4 1690.6 1885.3 1803.7 1890.3 13

14 Mutual fund shares 296.4 181.1 226.7 260.8 272.4 270.4 223.2 247.3 275.8 263.9 274.6 14

15 Miscellaneous assets 15.7 15.7 16.2 17.0 17.3 17.3 18.0 18.1 18.4 18.6 18.5 15

16 Pension fund reserves (liabilities) (1) 3297.9 2414.7 2759.8 3024.0 3131.3 3116.3 2771.4 2967.9 3210.0 3132.4 3244.6 16

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

L.118 Federal Government Retirement Funds (1)

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

 1 Total financial assets 1197.0 1222.3 1324.7 1425.4 1423.0 1341.0 1428.1 1509.6 1513.3 1517.0 1546.1 1

 2 Credit market instruments 99.4 123.3 130.7 141.5 145.3 149.5 157.8 161.6 163.0 167.2 168.9 2

 3 Treasury securities 87.7 112.4 119.8 129.8 133.5 136.9 144.5 147.7 148.3 151.6 154.2 3

 4 Agency- and GSE-backed securities 5.4 5.2 5.2 5.8 5.7 6.0 6.2 6.5 7.0 7.6 7.2 4

 5 Corporate and foreign bonds 6.3 5.8 5.7 5.9 6.1 6.7 7.1 7.3 7.6 7.9 7.5 5

 6 Corporate equities 145.7 83.7 116.8 140.9 148.9 149.4 121.0 134.4 153.1 146.3 154.0 6

 7 Miscellaneous assets (2) 952.0 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 7

 8 Pension fund reserves (liabilities) (3) 1197.0 1222.3 1324.7 1425.4 1423.0 1341.0 1428.1 1509.6 1513.3 1517.0 1546.1 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
84 Z.1, December 6, 2012

L.119 Money Market Mutual Funds (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3033.1 3757.3 3258.3 2755.3 2679.4 2637.8 2577.9 2642.5 2535.4 2467.9 2506.9 1

 2 Foreign deposits 127.3 129.3 97.1 105.9 109.4 113.9 70.0 58.5 48.6 40.6 40.2 2

 3 Checkable deposits and currency 1.9 7.5 17.9 14.2 13.3 20.1 18.8 19.1 3.2 6.0 11.3 3

 4 Time and savings deposits 270.6 355.2 573.2 468.0 467.3 460.1 426.1 380.1 360.3 355.2 405.3 4

 5 Security RPs 605.9 542.4 479.9 479.4 437.5 454.5 491.4 484.0 491.4 508.4 513.1 5

 6 Credit market instruments 1936.4 2675.0 2031.0 1621.0 1582.4 1521.0 1502.7 1628.2 1569.7 1493.9 1471.7 6

 7 Open market paper 674.6 618.5 510.5 394.2 395.5 359.4 347.1 355.1 355.5 326.5 319.4 7

 8 Treasury securities 178.1 577.7 406.4 335.4 337.5 341.3 373.5 443.3 473.8 444.6 456.3 8

 9 Agency- and GSE-backed securities 235.9 756.2 543.0 402.8 373.4 359.8 383.2 403.7 327.3 334.6 331.3 9

10 Municipal securities 471.0 494.6 401.3 334.4 321.0 306.1 291.9 296.5 286.8 271.8 271.6 10

11 Corporate and foreign bonds 376.8 228.0 169.9 154.2 154.9 154.4 107.1 129.6 126.3 116.5 93.0 11

12 Miscellaneous assets 90.9 47.9 59.1 66.9 69.5 68.1 68.8 72.7 62.3 63.8 65.4 12

13 Total shares outstanding (liabilities) 3033.1 3757.3 3258.3 2755.3 2679.4 2637.8 2577.9 2642.5 2535.4 2467.9 2506.9 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.120 Mutual Funds (1)

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

 1 Total financial assets 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 1

 2 Security RPs 132.2 124.7 153.3 137.5 218.5 221.8 126.7 108.7 206.2 217.7 222.7 2

 3 Credit market instruments 2203.1 2276.4 2657.2 3031.4 3160.9 3267.8 3317.9 3458.9 3721.3 3865.0 4035.5 3

 4 Open market paper 114.1 51.6 80.2 66.3 144.0 147.2 55.7 40.0 121.1 126.0 131.1 4

 5 Treasury securities 179.2 187.9 255.5 297.4 298.2 306.4 341.1 379.7 403.3 414.9 427.6 5

 6 Agency- and GSE-backed securities 565.4 592.7 639.1 791.1 793.4 819.1 878.3 937.4 990.4 1026.8 1066.6 6

 7 Municipal securities 372.2 389.6 480.2 526.6 515.1 520.1 526.9 542.6 563.6 585.8 612.8 7

 8 Corporate and foreign bonds 889.9 959.9 1126.8 1275.4 1323.5 1375.3 1420.7 1465.8 1548.8 1612.3 1701.8 8

 9 Other loans and advances 82.4 94.8 75.4 74.6 86.7 99.7 95.3 93.5 94.2 99.2 95.5 9

10 Corporate equities 5476.9 3014.1 4136.2 4762.7 5087.0 5067.4 4073.8 4427.2 5044.0 4744.2 5004.2 10

11 Miscellaneous assets 16.8 20.0 14.9 2.9 5.5 13.4 14.4 5.7 0.5 0.0 0.0 11

12 Total shares outstanding (liabilities) 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.121 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 316.4 202.9 229.2 243.7 249.1 250.5 239.4 241.6 245.9 246.1 253.7 1

 2 Credit market instruments 171.2 130.5 141.1 146.3 148.0 148.9 143.7 145.1 148.0 149.4 152.9 2

 3 Treasury securities 5.6 3.2 4.4 5.1 5.3 5.2 4.9 4.8 5.1 5.0 5.2 3

 4 Municipal securities 91.2 77.9 81.2 81.6 80.8 82.0 80.1 82.5 83.1 83.7 84.6 4

 5 Corporate and foreign bonds 74.3 49.4 55.5 59.6 62.0 61.6 58.7 57.7 59.7 60.6 63.1 5

 6 Corporate equities 145.2 72.5 88.1 97.4 101.1 101.6 95.7 96.5 98.0 96.8 100.8 6

 7 Total shares outstanding (liabilities) 316.4 202.9 229.2 243.7 249.1 250.5 239.4 241.6 245.9 246.1 253.7 7

 Exchange-traded funds

 8 Total financial assets 607.8 531.1 773.1 986.8 1049.2 1070.6 947.1 1042.6 1185.4 1157.9 1268.2 8

 9 Credit market instruments 34.1 57.1 103.0 132.7 140.1 151.1 164.1 178.8 195.1 213.5 221.1 9

10 Treasury securities 19.7 27.1 41.8 51.0 52.8 56.7 61.1 62.4 62.0 67.3 62.7 10

11 Municipal securities 0.6 2.3 5.9 7.6 7.5 7.7 7.8 8.6 9.7 10.5 11.3 11

12 Corporate and foreign bonds 13.8 27.7 55.4 74.1 79.9 86.6 95.1 107.7 123.4 135.7 147.1 12

13 Corporate equities 573.7 474.0 670.0 854.1 909.1 919.5 783.0 863.8 990.4 944.5 1047.1 13

14 Total shares outstanding (liabilities) 607.8 531.1 773.1 986.8 1049.2 1070.6 947.1 1042.6 1185.4 1157.9 1268.2 14
Z.1, December 6, 2012 85

L.122 Government-Sponsored Enterprises (GSEs) (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3174.3 3407.9 3047.3 6721.1 6687.1 6562.0 6520.1 6479.7 6406.5 6351.4 6304.5 1

 2 Checkable deposits and currency 13.7 88.3 99.4 63.4 70.4 62.3 63.7 72.7 42.5 52.9 36.1 2

 3 Time and savings deposits 46.6 68.5 25.7 26.1 23.7 23.1 11.7 13.4 11.1 9.8 3.7 3

 4 Federal funds and security RPs (net) 142.7 114.5 122.1 150.0 156.3 115.1 114.3 111.9 107.2 138.7 174.9 4

 5 Credit market instruments 2829.5 3037.5 2699.7 6333.1 6327.9 6252.4 6176.5 6133.3 6095.8 6014.0 5950.1 5

 6 Open market paper 27.7 6.8 9.7 9.9 9.5 9.3 9.2 6.5 5.2 5.7 4.2 6

 7 Treasury securities 15.5 16.8 21.9 55.2 58.5 63.3 68.5 75.4 78.8 57.9 50.7 7

 8 Agency- and GSE-backed securities 702.9 910.0 924.5 377.0 373.9 368.2 368.1 358.9 347.7 342.4 323.9 8

 9 Municipal securities 33.3 31.3 29.1 24.9 23.8 22.9 22.0 21.0 20.2 19.4 18.1 9

10 Corporate and foreign bonds 464.4 386.6 310.8 293.9 284.7 270.0 264.3 260.4 253.9 227.1 221.2 10

11 Other loans and advances 942.6 980.7 695.9 551.3 522.8 500.2 479.8 487.0 467.3 491.3 487.6 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 75.5 80.3 80.0 87.3 89.6 85.1 81.0 83.8 86.6 87.0 89.3 13

14 FHLB 867.1 900.5 615.9 464.0 433.2 415.1 398.9 403.3 380.7 404.3 398.3 14

15 Mortgages 643.1 705.3 707.7 5021.0 5054.6 5018.4 4964.6 4924.0 4922.8 4870.2 4844.5 15

16 Home 447.9 456.6 445.3 4699.3 4732.3 4696.7 4640.2 4595.9 4591.6 4539.0 4508.3 16

17 Consolidated trusts (2) 0.0 0.0 0.0 4141.0 4170.5 4146.4 4085.3 4032.1 4033.8 3998.2 3978.0 17

18 Other 447.9 456.6 445.3 558.3 561.9 550.3 555.0 563.8 557.9 540.8 530.3 18

19 Multifamily residential 147.7 190.2 204.4 256.5 256.1 254.6 256.4 259.2 261.3 260.4 264.6 19

20 Consolidated trusts (2) 0.0 0.0 0.0 75.4 81.4 87.3 92.6 99.9 106.2 111.3 118.6 20

21 Other 147.7 190.2 204.4 181.1 174.7 167.3 163.7 159.4 155.1 149.1 146.0 21

22 Farm 47.6 58.5 58.0 65.2 66.2 67.1 68.0 68.9 69.8 70.8 71.6 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 141.7 99.1 100.3 148.6 108.8 109.2 154.0 148.5 150.1 135.9 139.6 24

25 Total liabilities 3081.3 3390.2 2977.0 6589.1 6577.8 6455.0 6413.5 6377.9 6310.6 6268.7 6236.4 25

26 Credit market instruments 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 26

27 GSE issues (4) 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 27

28 Consolidated trusts (2) 0.0 0.0 0.0 4216.4 4251.8 4233.7 4177.9 4132.0 4140.0 4109.6 4096.6 28

29 Other 2910.2 3181.9 2706.6 2218.1 2185.5 2083.6 2104.8 2115.4 2038.6 2030.3 2014.9 29

30 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Miscellaneous liabilities 171.1 208.2 270.4 154.6 140.5 137.7 130.7 130.6 132.0 128.8 124.8 31

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.123) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.123 Agency- and GSE-Backed Mortgage Pools (1)

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

 1 Total financial assets 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 1

 2 Home mortgages 4371.8 4864.0 5266.5 1068.8 1112.5 1155.7 1194.5 1216.8 1237.2 1276.2 1301.7 2

 3 Multifamily residential mortgages 88.1 92.8 105.7 66.9 71.3 77.1 81.1 86.4 91.1 99.1 104.3 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 4.7 4.5 3.8 3.2 3.2 1.7 1.7 1.6 2.0 2.0 5

 6 Total pool securities (liabilities)(2) 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.122). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
86 Z.1, December 6, 2012

L.124 Issuers of Asset-Backed Securities (ABS)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 4531.3 4120.7 3305.8 2243.3 2162.1 2109.8 2040.0 1987.8 1923.7 1863.7 1824.3 1

 2 Treasury securities 85.8 72.2 53.9 40.1 35.9 36.3 31.4 29.2 25.9 24.8 23.2 2

 3 Agency- and GSE-backed securities (1) 361.1 337.0 109.9 12.7 16.6 14.5 8.0 4.0 1.0 1.0 1.0 3

 4 Other loans and advances 341.9 379.8 252.2 167.8 144.3 161.7 156.3 162.4 166.9 161.9 177.6 4

 5 Mortgages (2) 2957.9 2603.2 2235.3 1907.8 1854.5 1793.2 1743.3 1689.9 1630.8 1577.9 1523.3 5

 6 Home 2200.3 1885.3 1564.6 1290.8 1236.3 1187.5 1143.2 1098.7 1053.3 1006.2 961.0 6

 7 Multifamily residential 124.0 113.2 107.4 98.7 88.2 85.5 83.7 81.3 79.2 76.8 74.3 7

 8 Commercial 633.6 604.7 563.3 518.3 530.0 520.1 516.4 509.9 498.3 495.0 488.0 8

 9 Consumer credit 673.0 632.9 593.2 63.0 57.2 53.0 53.5 54.8 53.8 55.6 57.9 9

10 Trade credit 111.7 95.5 61.3 51.8 53.6 51.1 47.5 47.6 45.3 42.4 41.4 10

11 Total liabilities 4534.5 4123.4 3308.1 2243.3 2162.1 2109.8 2040.0 1987.8 1923.7 1863.7 1824.3 11

12 Commercial paper 643.1 559.3 293.1 120.2 128.3 116.2 108.5 96.0 97.7 85.2 86.8 12

13 Corporate bonds (net) (3) 3891.3 3564.1 3015.0 2123.1 2033.8 1993.7 1931.5 1891.8 1826.0 1778.5 1737.5 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 3.1 2.7 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 REIT assets (5) 92.1 45.4 20.1 20.5 21.2 20.9 19.5 17.4 17.7 12.7 14.4 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 112.9 109.2 109.0 109.9 120.6 104.3 102.1 90.7 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

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

 The leased automobile is a nonfinancial asset.

(5) Included in table L.126.

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

L.125 Finance Companies (1)

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

 1 Total financial assets 1911.2 1851.7 1662.5 1632.5 1615.3 1594.5 1619.9 1620.1 1610.7 1585.8 1599.6 1

 2 Checkable deposits and currency 16.2 16.5 17.0 26.6 29.1 30.8 32.8 30.9 30.3 27.9 29.8 2

 3 Time and savings deposits 48.6 49.4 51.0 79.8 87.2 92.4 98.3 92.6 90.8 83.7 89.5 3

 4 Credit market instruments 1816.3 1734.4 1516.7 1443.9 1422.0 1395.4 1389.5 1397.3 1384.4 1368.4 1367.5 4

 5 Corporate and foreign bonds 189.4 192.4 198.6 84.3 84.6 86.4 88.8 85.1 85.2 87.2 85.5 5

 6 Other loans and advances 523.0 539.9 448.9 407.7 406.3 394.7 395.4 410.0 410.2 410.4 412.6 6

 7 Mortgages 531.9 447.9 397.4 243.6 236.9 228.0 218.0 211.5 206.7 192.7 188.5 7

 8 Consumer credit 572.1 554.3 471.9 708.4 694.2 686.3 687.2 690.6 682.4 678.1 680.9 8

 9 Miscellaneous assets 30.1 51.5 77.8 82.2 77.0 75.9 99.4 99.3 105.2 105.9 112.8 9

10 Total liabilities 1949.6 1880.5 1630.3 1593.3 1571.7 1547.2 1575.9 1574.2 1564.2 1539.4 1554.0 10

11 Credit market instruments 1279.6 1200.3 1044.1 1268.8 1268.2 1253.1 1276.6 1274.8 1263.6 1247.7 1257.7 11

12 Open market paper 123.5 100.9 62.1 98.8 114.4 108.7 111.8 121.0 122.8 122.5 123.1 12

13 Corporate bonds 974.1 924.5 837.5 1078.4 1060.0 1054.9 1066.5 1051.7 1043.2 1021.6 1018.8 13

14 Depository institution loans n.e.c. 182.0 174.9 144.5 91.5 93.8 89.4 98.3 102.1 97.5 103.5 115.8 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 15.5 15.4 12.7 7.7 7.0 6.8 7.2 7.6 8.2 8.4 8.9 16

17 Miscellaneous liabilities 654.4 664.8 573.6 316.8 296.4 287.3 292.1 291.9 292.4 283.4 287.3 17

18 Foreign direct investment in U.S. 68.6 78.1 90.0 103.1 105.4 108.2 108.2 116.4 117.5 117.6 117.9 18

19 Investment by parent 321.4 313.0 280.5 180.8 177.4 175.9 173.7 169.4 162.5 156.6 156.4 19

20 Other 264.4 273.7 203.1 33.0 13.7 3.1 10.2 6.0 12.4 9.2 13.0 20

 Memo:

21 Consumer leases not included above (2) 122.9 111.1 85.4 111.8 112.8 113.5 115.1 119.7 124.2 129.9 137.2 21

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

(2) See footnote (4), table L.124.
Z.1, December 6, 2012 87

L.126 Real Estate Investment Trusts (REITs)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 318.5 250.6 241.2 283.0 346.6 374.8 399.4 401.3 468.0 493.5 564.8 1

 2 Checkable deposits and currency 16.6 18.4 26.3 23.5 29.0 23.7 26.9 25.6 29.8 29.0 32.5 2

 3 Credit market instruments 246.5 177.6 168.9 206.0 258.0 288.4 308.5 308.9 362.9 385.5 443.5 3

 4 Agency- and GSE-backed securities 88.9 89.6 105.1 143.3 190.7 216.9 239.1 244.7 296.4 314.2 368.2 4

 5 Corporate and foreign bonds 34.4 11.7 15.5 20.8 24.6 26.2 27.1 22.1 25.6 27.6 30.5 5

 6 Mortgages 123.1 76.3 48.3 41.9 42.7 45.3 42.3 42.1 40.9 43.6 44.8 6

 7 Home 80.7 34.3 12.6 8.9 9.0 9.0 8.1 8.1 8.6 11.7 11.7 7

 8 Multifamily residential 5.2 4.3 2.3 1.9 1.8 1.8 1.8 1.7 1.7 1.7 1.7 8

 9 Commercial 37.3 37.7 33.4 31.2 31.9 34.5 32.4 32.3 30.6 30.2 31.4 9

10 Miscellaneous assets 55.4 54.6 46.1 53.5 59.6 62.8 64.1 66.8 75.4 79.0 88.8 10

11 Total liabilities 580.5 511.6 458.8 501.7 557.4 589.8 620.2 633.2 698.7 725.4 792.1 11

12 Security RPs 91.7 79.4 90.4 120.5 160.9 187.1 210.9 215.4 258.7 280.9 319.7 12

13 Credit market instruments 421.2 367.4 317.4 315.2 326.4 330.6 334.1 343.4 350.1 364.4 370.2 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 231.3 171.0 129.8 129.7 141.3 141.5 139.2 145.1 152.6 158.9 162.5 15

16 Depository institution loans n.e.c. 33.2 32.8 20.7 18.5 16.2 15.6 20.4 22.1 18.6 20.5 19.1 16

17 Mortgages 156.7 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.6 17

18 Miscellaneous liabilities 67.6 64.9 51.1 66.0 70.1 72.1 75.3 74.4 90.0 80.1 102.2 18

 Memo:

19 Securitized assets included above 92.1 45.4 20.1 20.5 21.2 20.9 19.5 17.4 17.7 12.7 14.4 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 72.4 31.8 6.1 7.2 7.3 7.4 6.4 6.5 7.1 7.2 8.9 21

22 Multifamily residential mortgages 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 22

23 Commercial mortgages 19.3 13.2 13.7 13.0 13.5 13.1 12.8 10.7 10.3 5.2 5.2 23
88 Z.1, December 6, 2012

L.127 Security Brokers and Dealers

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3092.0 2217.2 2084.2 2075.1 2101.8 2128.3 1980.6 1953.5 2063.8 2052.9 2050.7 1

 2 Checkable deposits and currency 105.0 120.1 90.7 96.9 92.1 108.4 115.3 114.8 117.4 105.2 113.5 2

 3 Credit market instruments 803.1 717.4 525.3 557.5 556.8 549.6 511.2 567.2 610.7 600.5 589.7 3

 4 Open market paper 87.1 65.7 41.5 36.2 39.6 42.2 40.4 42.1 43.7 34.7 33.2 4

 5 Treasury securities -60.0 190.6 123.0 94.5 78.5 56.6 79.3 187.8 203.8 201.2 190.8 5

 6 Agency- and GSE-backed securities 290.2 242.6 110.9 149.8 153.2 174.7 166.8 147.7 148.7 169.8 165.5 6

 7 Municipal securities 50.1 38.7 35.4 40.0 37.0 40.6 36.6 31.5 34.7 31.2 29.0 7

 8 Corporate and foreign bonds 382.8 123.8 154.4 189.5 202.5 187.5 133.8 103.7 149.3 130.8 168.4 8

 9 Other loans and advances 52.8 55.9 60.1 47.4 45.9 48.0 54.4 54.3 30.6 32.8 2.8 9

10 Corporate equities 224.8 109.2 124.2 117.2 131.7 131.3 97.8 100.9 116.3 113.5 126.8 10

11 Security credit 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 11

12 Miscellaneous assets 1633.7 1105.7 1141.0 1025.3 1005.5 1026.2 1004.5 932.0 951.8 989.3 949.1 12

13 Total liabilities 3019.4 2158.1 1977.7 1975.8 1999.8 2029.3 1891.6 1873.8 1978.0 1968.1 1960.1 13

14 Security RPs (net) 1147.3 586.9 470.9 404.7 427.1 387.9 179.5 213.3 251.7 219.9 169.0 14

15 Credit market instruments 64.8 142.6 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 15

16 Corporate bonds 64.8 97.1 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 16

17 Depository institution loans n.e.c. (1) 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 45.8 21.2 70.1 18.1 18.5 19.3 16.4 14.2 17.3 13.5 12.8 18

19 Security credit 1200.9 963.6 888.2 936.6 942.3 1011.0 1128.9 1073.6 1107.8 1165.7 1215.9 19

20 Customer credit balances (HH) 866.4 742.7 668.6 694.3 703.3 757.7 804.9 752.3 762.3 777.7 782.7 20

21 From U.S.-chartered depository institutions 145.9 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 21

22 From foreign banking offices in U.S. 188.6 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.4 22

23 Taxes payable 2.2 2.5 5.7 3.6 4.2 4.3 3.7 2.1 3.0 2.8 3.7 23

24 Miscellaneous liabilities 558.4 441.4 450.0 483.1 479.4 496.6 463.9 478.8 500.2 464.0 472.9 24

25 Foreign direct investment in U.S. 62.6 72.1 64.4 88.5 90.4 94.6 99.0 98.1 100.3 101.5 102.9 25

26 Investment by funding corporations 567.5 672.1 1119.3 1122.6 1151.5 1133.7 1135.0 1161.3 1349.4 1312.0 1288.0 26

27 Other -71.7 -302.8 -733.7 -728.1 -762.5 -731.8 -770.1 -780.6 -949.5 -949.5 -918.1 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
Z.1, December 6, 2012 89

L.128 Holding Companies (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2141.3 2430.3 3317.2 3312.7 3376.4 3416.3 3419.3 3357.3 4094.8 4041.6 3753.8 1

 2 Time and savings deposits 0.8 0.7 11.2 10.0 11.5 14.0 14.3 12.4 19.1 27.5 24.7 2

 3 Federal funds and security RPs 6.9 0.3 48.2 50.3 58.7 61.7 52.7 50.5 0.3 0.3 0.5 3

 4 Credit market instruments 59.1 73.0 75.8 97.9 105.7 105.3 110.5 101.1 223.0 183.4 176.1 4

 5 Treasury securities 7.1 3.1 5.8 19.6 16.1 9.0 20.4 26.8 39.6 9.6 9.6 5

 6 Agency- and GSE-backed securities 9.9 25.8 24.3 21.1 22.2 31.5 43.2 33.1 45.7 26.3 23.9 6

 7 Corporate and foreign bonds 35.9 35.8 31.1 38.3 40.5 40.6 22.0 18.3 84.6 94.3 79.8 7

 8 Other loans and advances 6.3 8.2 14.6 18.9 26.9 24.2 24.8 22.9 53.1 53.2 62.7 8

 9 Life insurance reserves 20.5 19.3 21.4 25.1 25.1 25.0 26.5 27.6 33.7 34.8 36.3 9

10 Miscellaneous assets 2054.0 2337.0 3160.6 3129.4 3175.4 3210.2 3215.3 3165.9 3818.8 3795.6 3516.2 10

11 Net transactions with depository subsidiaries 1256.9 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1832.6 1878.5 11

12 Net transactions with property-casualty insurance co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27.1 29.7 25.3 12

13 Net transactions with life insurance company subsidiaries 43.7 31.2 40.5 62.7 64.5 67.4 74.6 72.0 159.5 166.5 93.2 13

14 Net transactions with finance company subsidiaries 239.9 232.6 209.3 118.3 102.5 101.7 100.4 97.9 93.9 90.5 86.1 14

15 Net transactions with broker and dealer subsidiaries 57.0 155.2 596.1 623.2 645.3 606.0 593.3 611.5 798.0 760.4 713.0 15

16 Net transactions with foreign subsidiaries 110.6 101.5 125.1 135.6 121.9 186.2 195.9 162.1 181.4 166.9 154.0 16

17 Other 345.9 446.0 590.3 556.7 570.3 574.8 554.4 510.4 773.7 749.0 566.2 17

18 Total liabilities 1046.6 1231.5 1802.2 1760.0 1789.1 1802.7 1771.5 1703.1 2037.7 1948.4 1793.6 18

19 Federal funds and security RPs 7.7 0.7 0.6 0.8 1.1 1.3 1.2 1.2 1.1 1.1 1.2 19

20 Credit market instruments 710.6 807.9 1253.7 1237.2 1258.1 1269.7 1248.8 1220.8 1303.9 1213.9 1192.5 20

21 Commercial paper 116.7 77.7 60.8 64.7 73.6 76.9 71.7 75.9 87.2 87.0 83.7 21

22 Corporate bonds 516.0 638.9 1028.7 982.2 984.4 934.3 912.7 890.6 982.3 951.2 934.6 22

23 Depository institution loans n.e.c. 77.9 91.3 164.2 190.3 200.1 258.4 264.4 254.3 234.5 175.7 174.2 23

24 Miscellaneous liabilities 328.3 422.9 548.0 522.0 529.8 531.6 521.5 481.1 732.6 733.5 600.0 24

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
90 Z.1, December 6, 2012

L.129 Funding Corporations (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1865.3 2888.1 2460.8 2287.9 2198.6 2182.5 2177.6 2223.9 2200.2 2223.7 2256.4 1

 2 Money market fund shares 752.8 1024.5 857.1 713.8 685.1 673.3 615.0 650.8 627.0 597.5 607.5 2

 3 Security RPs 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3

 4 Credit market instruments 361.0 1070.1 852.2 876.6 818.1 807.9 880.7 885.4 867.4 945.9 955.8 4

 5 Open market paper 170.2 366.9 119.1 95.0 58.4 38.5 79.8 73.6 6.5 29.1 28.5 5

 6 Corporate and foreign bonds 170.0 667.3 710.2 760.1 741.5 750.4 784.5 792.4 847.7 904.3 919.2 6

 7 Other loans and advances 20.8 35.9 22.9 21.4 18.3 19.0 16.4 19.4 13.2 12.4 8.1 7

 8 Corporate equities (2) 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 751.5 793.5 726.3 671.0 695.2 701.2 681.8 687.6 705.7 680.1 692.9 9

10 Investment in foreign banking offices 241.0 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 10

11 Investment in brokers and dealers 510.5 516.9 523.2 499.4 506.3 527.7 541.7 549.8 551.4 551.6 575.0 11

12 Total liabilities 1865.3 2888.1 2460.8 2287.9 2198.6 2182.5 2177.6 2223.9 2200.2 2223.7 2256.4 12

13 Credit market instruments 786.4 1252.8 816.8 716.4 690.8 689.9 676.5 651.8 641.3 616.3 630.3 13

14 Open market paper 367.9 388.0 261.7 179.3 167.0 146.6 125.3 94.3 92.2 75.8 70.3 14

15 Corporate bonds 418.5 419.9 457.8 454.6 464.5 491.1 510.4 526.2 528.4 532.7 557.4 15

16 Depository institution loans n.e.c. (3) 0.0 444.9 95.3 73.4 49.9 42.5 31.0 21.5 11.9 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 2.0 9.2 9.3 9.7 9.8 9.8 8.8 7.9 2.6 17

18 Miscellaneous liabilities 1078.9 1635.3 1644.0 1571.4 1507.8 1492.6 1501.1 1572.1 1558.8 1607.4 1626.1 18

19 Foreign direct investment in U.S. 9.6 10.2 10.8 11.4 11.6 11.7 11.9 12.0 12.2 12.3 12.5 19

20 Securities loaned (net) 1240.2 887.0 856.8 733.4 709.6 727.8 727.0 658.4 651.5 706.5 656.9 20

21 Equity interest under PPIP 0.0 0.0 1.8 7.7 7.8 8.3 8.7 8.8 8.8 8.7 8.7 21

22 Other (net) -170.9 738.0 774.6 819.0 778.9 744.8 753.5 893.0 886.3 879.9 947.9 22

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
Z.1, December 6, 2012 91

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 67.3 74.2 175.1 175.8 184.3 189.3 186.4 183.8 184.5 181.7 184.7 1

 2 Federal government: SDR allocations 7.7 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 2

 3 Rest of the world 59.5 66.6 119.7 121.4 128.3 132.8 131.3 129.6 129.8 128.1 130.3 3

 4 SDR holdings 9.5 9.3 57.8 56.8 56.5 57.2 55.9 55.0 55.5 54.3 55.2 4

 5 Reserve position in IMF (net) 4.2 7.7 11.4 12.5 19.3 21.7 22.7 22.8 23.2 23.2 23.5 5

 6 Foreign currency holdings 45.8 49.6 50.5 52.1 52.4 53.8 52.8 51.9 51.1 50.5 51.6 6

 7 Total assets 78.3 85.2 186.1 186.8 195.3 200.4 197.5 194.9 195.5 192.7 195.8 7

 8 Federal government 36.4 41.9 94.6 95.4 102.1 105.9 105.0 103.9 104.5 103.1 104.7 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 9.5 9.3 57.8 56.8 56.5 57.2 55.9 55.0 55.5 54.3 55.2 10

11 Reserve position in IMF (net) 4.4 7.8 11.5 12.6 19.5 21.9 22.8 23.0 23.5 23.5 23.7 11

12 Foreign currency holdings 22.5 24.8 25.2 26.0 26.1 26.8 26.3 25.8 25.5 25.2 25.8 12

13 Rest of the world: SDR allocations 7.7 7.5 55.4 54.4 56.0 56.5 55.2 54.2 54.7 53.6 54.5 13

14 Monetary authority 34.2 35.7 36.2 37.0 37.2 37.9 37.4 36.8 36.4 36.1 36.6 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.1 -0.3 -0.3 -0.3 -0.2 16

17 Foreign currency holdings 23.3 24.8 25.3 26.1 26.3 27.0 26.5 26.0 25.6 25.3 25.8 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

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

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

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 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 27.4 26.6 26.2 25.9 25.9 25.9 25.9 25.9 25.9 25.9 25.9 3

 4 Asset: Monetary authority 38.7 38.7 42.7 43.5 43.8 44.0 44.1 44.2 44.4 44.5 44.6 4

 5 Discrepancy (seigniorage) -11.3 -12.1 -16.5 -17.6 -17.9 -18.0 -18.2 -18.3 -18.5 -18.6 -18.7 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 1340.9 946.7 840.6 866.5 917.5 917.9 919.6 834.1 803.0 793.6 789.6 1

 Held by:

 2 Household sector 80.5 56.9 50.5 52.1 55.1 55.1 55.2 50.1 48.3 47.7 47.4 2

 3 Nonfinancial corporate business 50.3 24.7 31.5 40.6 47.6 40.8 37.2 33.6 21.0 9.8 10.9 3

 4 Money market mutual funds 127.3 129.3 97.1 105.9 109.4 113.9 70.0 58.5 48.6 40.6 40.2 4

 5 Discrepancy--unallocated assets 1082.9 735.8 661.5 668.0 705.4 708.1 757.1 691.8 685.2 695.5 691.1 5
92 Z.1, December 6, 2012

L.203 Net Interbank Transactions

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 136.3 1922.9 1325.5 1147.7 1847.7 2025.2 2081.0 1984.6 1985.6 1946.5 1882.1 1

 2 Monetary authority 75.8 917.7 1031.9 1020.8 1460.3 1651.4 1648.1 1623.1 1606.4 1563.6 1496.7 2

 3 U.S.-chartered depository institutions 527.5 1238.0 697.2 480.9 480.7 410.3 323.4 233.7 281.3 224.3 230.6 3

 4 Foreign banking offices in U.S. -404.1 -163.7 -322.5 -274.4 -16.7 42.4 203.8 222.4 202.7 263.0 260.7 4

 5 Banks in U.S.-affiliated areas -2.6 -3.2 -4.2 -3.3 -4.1 -4.4 -4.9 -4.6 -4.4 -4.6 -5.3 5

 6 Credit unions -60.3 -65.9 -76.9 -76.2 -72.5 -74.5 -89.4 -90.1 -100.3 -99.8 -100.6 6

 7 Total assets 178.1 1940.4 1320.5 1165.5 1848.9 2020.8 2071.1 1989.9 1994.3 1960.0 1843.3 7

 8 Rest of the world 53.7 464.5 194.0 145.9 390.0 370.2 423.7 367.3 388.6 397.0 347.1 8

 9 Monetary authority 48.6 558.2 94.5 -1.2 -1.3 -0.8 -0.7 -0.4 -0.7 -0.6 -0.5 9

10 U.S.-chartered depository institutions 74.8 674.1 725.0 633.1 764.7 923.6 843.9 866.0 869.9 828.2 786.5 10

11 Foreign banking offices in U.S. 1.0 239.0 284.1 350.8 640.8 677.5 762.5 711.0 679.1 687.8 670.6 11

12 Credit unions 0.0 4.7 22.8 36.9 54.7 50.2 41.8 46.1 57.4 47.6 39.6 12

13 Discrepancy -41.8 -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 55.0 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.4 14

15 Asset: U.S.-chartered depository institutions 55.0 57.7 54.9 52.7 53.3 55.4 50.6 60.8 56.5 56.6 56.4 15

 Depository institution reserves:

16 Liab.: Monetary authority 20.8 860.0 977.0 968.1 1407.0 1595.9 1597.5 1562.3 1549.9 1507.0 1440.4 16

17 Asset: U.S.-chartered depository institutions 19.8 616.4 670.1 580.4 711.4 868.2 793.3 805.2 813.4 771.6 730.2 17

18 Foreign banking offices in U.S. 1.0 239.0 284.1 350.8 640.8 677.5 762.5 711.0 679.1 687.8 670.6 18

19 Credit unions 0.0 4.7 22.8 36.9 54.7 50.2 41.8 46.1 57.4 47.6 39.6 19

 Other transactions with the monetary authority

20 Liab: U.S.-chartered depository institutions 48.6 558.2 94.5 -1.2 -1.3 -0.8 -0.7 -0.4 -0.7 -0.6 -0.5 20

21 Asset: Monetary authority 48.6 558.2 94.5 -1.2 -1.3 -0.8 -0.7 -0.4 -0.7 -0.6 -0.5 21

22 Federal Reserve float -0.0 -1.5 -2.1 -1.4 -1.4 -0.9 -0.8 -0.6 -0.7 -0.7 -0.6 22

23 Loans to member banks 48.6 559.7 96.6 0.2 0.1 0.1 0.1 0.2 0.0 0.1 0.1 23

 Transactions with banks in foreign countries (net):

24 Liab.: U.S.-chartered depository institutions (net) 496.2 668.8 559.6 476.2 462.2 374.5 272.6 186.2 222.8 172.2 173.1 24

25 Due to foreign affiliates 650.7 782.2 760.8 783.5 772.8 657.5 657.3 565.3 526.8 483.8 458.4 25

26 - Due from foreign affiliates 154.5 113.3 201.3 307.3 310.6 282.9 384.7 379.0 304.0 311.6 285.3 26

27 Foreign banking offices in U.S. (net) -424.0 -179.6 -350.9 -306.9 -47.3 19.0 175.5 201.5 184.4 242.5 190.4 27

28 Due to foreign affiliates 529.0 536.4 538.9 635.6 809.9 790.6 822.7 829.4 872.7 840.8 842.5 28

29 - Due from foreign affiliates 953.0 716.1 889.8 942.5 857.1 771.6 647.2 627.9 688.3 598.3 652.0 29

30 Less: Deposits at foreign banks 18.6 24.7 14.6 23.4 25.0 23.3 24.5 20.4 18.7 17.7 16.5 30

31 U.S.-chartered depository institutions 17.9 24.5 9.3 14.9 14.9 14.7 15.3 13.4 10.4 10.9 9.3 31

32 Foreign banking offices in U.S. 0.7 0.3 5.4 8.5 10.1 8.6 9.2 7.0 8.3 6.7 7.2 32

33 Asset: Rest of the world (1) 53.7 464.5 194.0 145.9 390.0 370.2 423.7 367.3 388.6 397.0 347.1 33

 Transactions between U.S. depository institutions (net) (2):

34 U.S.-chartered depository institutions (net) 0.6 35.4 52.4 20.8 34.7 51.2 66.8 61.4 69.6 63.6 67.3 34

35 Due to (3): 134.3 117.5 129.8 103.7 126.7 131.2 149.8 131.2 143.4 140.2 194.3 35

36 Foreign banking offices in U.S. 113.2 65.8 43.7 41.9 51.4 47.9 45.6 41.9 47.3 49.3 49.6 36

37 Banks in U.S.-affiliated areas 2.6 3.2 4.2 3.3 4.1 4.4 4.9 4.6 4.4 4.6 5.3 37

38 Credit unions 60.3 65.9 76.9 76.2 72.5 74.5 89.4 90.1 100.3 99.8 100.6 38

39 - Due from: Foreign banking offices in U.S. 133.7 82.1 77.4 82.9 92.0 80.0 83.0 69.8 73.8 76.6 127.0 39

40 Unallocated (2) -41.8 -17.5 5.1 -17.7 -1.3 4.4 9.9 -5.3 -8.7 -13.5 38.8 40

(1) Sum of lines 24 and 27 less line 30.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 40), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 36, 37, 38, and 40.
Z.1, December 6, 2012 93

L.204 Checkable Deposits and Currency

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1532.9 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2637.5 1

 2 Monetary authority 792.1 1220.3 1102.7 1287.8 1078.7 1116.4 1090.8 1165.7 1122.7 1178.4 1185.9 2

 3 Federal government cash and deposits 16.4 365.7 191.9 340.9 116.4 135.3 56.4 85.9 43.6 91.5 85.6 3

 4 Due to government-sponsored enterprises 1.7 21.1 35.1 13.5 10.2 7.3 44.8 64.6 36.9 29.9 22.6 4

 5 Deposits due to foreign 0.1 1.4 2.4 3.4 0.1 0.4 2.6 0.2 0.2 1.6 5.7 5

 6 Currency outside banks 773.9 832.2 873.3 930.0 952.0 973.5 987.0 1015.0 1042.1 1055.3 1072.1 6

 7 U.S.-chartered depository institutions 639.6 777.5 871.6 941.1 978.0 1059.7 1154.6 1260.5 1219.8 1232.0 1267.9 7

 8 Federal government deposits 42.9 3.5 3.8 3.6 3.6 3.7 3.0 1.0 1.3 1.2 1.1 8

 9 Deposits due to foreign 31.7 62.9 34.3 30.4 43.3 46.5 51.4 56.1 54.6 54.1 55.4 9

10 Private domestic deposits 564.9 711.1 833.5 907.0 931.0 1009.5 1100.2 1203.5 1163.8 1176.7 1211.5 10

11 Foreign banking offices in U.S. 11.8 13.5 16.1 21.9 20.7 23.2 38.2 45.6 44.3 48.9 53.9 11

12 Deposits due to foreign 2.3 4.7 10.5 14.6 13.2 15.3 17.8 19.0 18.9 20.8 22.7 12

13 Private domestic deposits 9.5 8.8 5.6 7.3 7.6 7.9 20.5 26.6 25.4 28.1 31.2 13

14 Banks in U.S.-affiliated areas 15.7 14.6 16.1 16.6 17.1 18.1 18.0 19.4 19.5 22.3 20.9 14

15 Credit unions 73.7 75.3 86.9 92.4 98.7 97.1 102.1 103.1 114.1 112.7 108.9 15

16 Total assets 1532.9 2101.3 2093.4 2359.8 2193.3 2314.6 2403.7 2594.3 2520.5 2594.3 2637.5 16

17 Household sector 160.2 349.6 373.6 418.8 428.1 476.5 591.8 711.0 695.9 686.6 687.8 17

18 Nonfinancial business 658.8 550.0 710.3 764.2 787.7 801.6 823.8 831.6 837.5 863.1 889.7 18

19 Corporate 143.2 30.6 170.5 244.7 269.2 283.8 306.3 312.6 317.4 342.9 369.1 19

20 Noncorporate 515.6 519.4 539.8 519.5 518.5 517.8 517.5 519.0 520.0 520.2 520.5 20

21 State and local governments 57.1 65.6 84.9 91.5 90.0 95.4 94.2 107.4 104.7 102.5 97.2 21

22 Federal government 56.5 368.0 193.6 342.1 117.5 135.5 57.6 84.3 42.0 89.3 83.4 22

23 Rest of the world 306.1 370.1 361.0 390.5 411.3 430.9 450.1 472.3 488.9 498.8 522.1 23

24 Checkable deposits 34.2 69.0 47.2 48.4 56.6 62.2 71.8 75.2 73.7 76.5 83.7 24

25 Currency 272.0 301.1 313.8 342.1 354.7 368.7 378.3 397.1 415.1 422.3 438.4 25

26 Financial sectors 284.1 391.5 363.8 347.1 352.8 367.8 380.6 381.2 344.9 346.8 350.3 26

27 Property-casualty insurance companies 42.7 27.9 27.6 32.6 33.8 35.6 25.7 24.1 29.1 29.3 32.9 27

28 Life insurance companies 58.3 82.8 50.7 51.7 47.0 48.2 57.8 53.7 52.9 56.1 53.5 28

29 Private pension funds 11.8 12.3 16.4 20.9 19.9 20.8 21.2 22.0 21.2 21.7 21.9 29

30 State and local govt. retirement funds 17.9 17.8 17.7 17.3 18.1 17.9 18.6 18.4 18.6 18.7 18.7 30

31 Money market mutual funds 1.9 7.5 17.9 14.2 13.3 20.1 18.8 19.1 3.2 6.0 11.3 31

32 Government-sponsored enterprises 13.7 88.3 99.4 63.4 70.4 62.3 63.7 72.7 42.5 52.9 36.1 32

33 Finance companies 16.2 16.5 17.0 26.6 29.1 30.8 32.8 30.9 30.3 27.9 29.8 33

34 REITs 16.6 18.4 26.3 23.5 29.0 23.7 26.9 25.6 29.8 29.0 32.5 34

35 Brokers and dealers 105.0 120.1 90.7 96.9 92.1 108.4 115.3 114.8 117.4 105.2 113.5 35

36 Mail float 10.0 6.4 6.3 5.7 5.9 7.0 5.6 6.5 6.6 7.2 7.0 36
94 Z.1, December 6, 2012

L.205 Time and Savings Deposits 

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 7606.7 7940.9 8316.3 8432.4 8553.3 8714.0 8724.0 8805.2 8914.8 8968.0 9080.6 1

 2 Small time and savings deposits 5224.5 5749.3 6326.5 6624.9 6741.5 6898.8 7065.7 7202.2 7410.5 7457.0 7595.4 2

 3 U.S.-chartered depository institutions 4664.0 5144.6 5617.0 5888.6 5980.1 6130.7 6293.3 6425.7 6598.7 6636.4 6775.6 3

 4 Foreign banking offices in U.S. 25.5 25.6 29.9 35.7 42.6 47.4 50.9 48.9 57.9 62.1 62.4 4

 5 Banks in U.S.-affiliated areas 26.3 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 5

 6 Credit unions 508.7 551.7 655.1 681.3 699.4 701.4 702.3 708.7 735.2 738.8 738.8 6

 7 Large time deposits (1) 2382.2 2191.6 1989.8 1807.5 1811.8 1815.3 1658.4 1603.0 1504.3 1511.1 1485.2 7

 8 U.S.-chartered depository institutions 1378.2 1309.2 979.4 849.1 824.2 819.4 802.1 813.9 743.4 777.4 749.4 8

 9 Foreign banking offices in U.S. 907.9 784.7 958.6 909.0 937.1 945.4 804.6 736.6 706.8 678.2 679.8 9

10 Banks in U.S.-affiliated areas 26.3 27.4 24.5 19.3 19.4 19.2 19.2 18.9 18.7 19.6 18.5 10

11 Credit unions 69.9 70.4 27.3 30.1 31.2 31.3 32.4 33.5 35.3 35.9 37.5 11

12 Total assets 7606.7 7940.9 8316.3 8432.4 8553.3 8714.0 8724.0 8805.2 8914.8 8968.0 9080.6 12

13 Household sector 5914.6 6118.8 6231.9 6362.5 6460.7 6602.5 6631.0 6745.1 6846.8 6910.0 6939.5 13

14 Nonfinancial business 800.7 740.0 842.1 888.2 890.2 906.4 906.2 912.5 923.3 910.0 919.5 14

15 Corporate 441.3 381.9 488.8 548.7 551.6 568.5 568.9 574.3 584.7 571.6 581.1 15

16 Noncorporate 359.3 358.1 353.3 339.5 338.5 337.8 337.4 338.1 338.5 338.4 338.4 16

17 State and local governments 245.9 265.1 275.9 275.5 278.8 274.4 279.9 293.5 311.3 306.1 318.9 17

18 Federal government 2.8 1.6 1.9 2.0 1.5 1.7 1.8 1.7 2.0 2.2 2.1 18

19 Rest of the world 207.6 273.1 230.0 246.9 258.8 265.3 281.0 280.0 276.1 289.8 303.0 19

20 Financial sectors 435.1 542.5 734.5 657.3 663.2 663.7 624.1 572.4 555.3 549.9 597.6 20

21 Private pension funds 67.7 67.9 72.7 72.8 72.8 73.3 73.0 73.3 73.3 73.0 73.7 21

22 State and local govt. retirement funds 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.7 0.8 0.8 0.8 22

23 Money market mutual funds 270.6 355.2 573.2 468.0 467.3 460.1 426.1 380.1 360.3 355.2 405.3 23

24 Government-sponsored enterprises 46.6 68.5 25.7 26.1 23.7 23.1 11.7 13.4 11.1 9.8 3.7 24

25 Finance companies 48.6 49.4 51.0 79.8 87.2 92.4 98.3 92.6 90.8 83.7 89.5 25

26 Holding companies 0.8 0.7 11.2 10.0 11.5 14.0 14.3 12.4 19.1 27.5 24.7 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 3033.1 3757.3 3258.3 2755.3 2679.4 2637.8 2577.9 2642.5 2535.4 2467.9 2506.9 1

 2 Household sector 1346.7 1581.8 1313.1 1129.7 1098.6 1086.8 1108.1 1114.2 1056.0 1026.9 1044.5 2

 3 Nonfinancial corporate business 548.5 710.6 641.7 484.8 469.8 458.0 440.7 452.0 433.8 421.6 427.2 3

 4 Nonfinancial noncorporate business 74.3 75.4 73.7 70.8 70.6 70.5 70.4 70.5 70.6 70.6 70.6 4

 5 State and local governments 116.6 113.3 122.0 129.7 129.8 129.8 127.5 126.3 125.4 124.2 126.5 5

 6 Rest of the world 46.0 69.7 76.9 69.8 67.3 64.8 64.6 64.3 64.1 63.8 63.5 6

 7 Property-casualty insurance companies 20.7 32.8 29.6 25.6 27.7 26.1 23.6 24.6 21.1 21.2 24.5 7

 8 Life insurance companies 21.6 39.2 33.7 21.0 19.7 17.9 17.0 28.8 26.4 31.0 31.4 8

 9 Private pension funds 93.5 95.7 96.4 96.3 96.2 96.2 96.1 96.1 96.1 96.1 96.1 9

10 State and local govt. retirement funds 12.4 14.3 14.3 13.9 14.7 14.5 15.0 14.8 15.0 15.1 15.1 10

11 Funding corporations 752.8 1024.5 857.1 713.8 685.1 673.3 615.0 650.8 627.0 597.5 607.5 11
Z.1, December 6, 2012 95

L.207 Federal Funds and Security Repurchase Agreements

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 2118.5 1238.2 1488.4 1272.3 1312.7 1258.2 1102.1 1140.7 1187.7 1167.1 1134.1 1

 2 Monetary authority 44.0 88.4 77.7 59.7 62.2 70.3 84.1 99.9 96.7 85.5 92.7 2

 3 Private depository institutions (net) 807.1 467.5 835.8 674.9 651.2 600.9 616.3 600.1 568.2 567.6 538.1 3

 4 U.S.-chartered depository institutions (net) 583.4 335.3 665.6 451.7 426.8 407.0 361.6 342.6 301.3 285.3 258.5 4

 5 Foreign banking offices in U.S. (net) 226.3 130.0 170.3 223.2 224.4 212.7 265.6 273.4 287.8 295.3 288.2 5

 6 Credit unions (net) -2.5 2.3 -0.1 -0.0 0.0 -18.8 -10.9 -15.9 -20.9 -12.9 -8.6 6

 7 Property-casualty insurance companies 0.5 2.4 0.6 1.5 0.6 0.6 0.5 0.4 0.5 0.5 0.6 7

 8 Life insurance companies 20.2 12.9 12.4 10.3 9.5 10.0 9.7 10.4 10.8 11.7 12.7 8

 9 REITs 91.7 79.4 90.4 120.5 160.9 187.1 210.9 215.4 258.7 280.9 319.7 9

10 Brokers and dealers (net) 1147.3 586.9 470.9 404.7 427.1 387.9 179.5 213.3 251.7 219.9 169.0 10

11 Holding companies 7.7 0.7 0.6 0.8 1.1 1.3 1.2 1.2 1.1 1.1 1.2 11

12 Total assets 1467.3 1170.2 1030.1 914.8 1024.3 982.3 862.6 890.8 905.5 930.7 995.4 12

13 Nonfinancial corporate business 8.1 7.2 7.9 12.1 12.7 13.0 12.1 12.9 13.9 14.3 13.7 13

14 State and local governments 132.8 117.2 113.2 107.9 105.1 102.4 100.5 99.6 98.9 98.0 99.8 14

15 Rest of the world (net) 338.4 114.9 31.0 -96.1 -38.2 -53.0 -104.9 -44.9 -83.2 -117.6 -98.6 15

16 Monetary authority 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Property-casualty insurance companies 3.6 4.4 4.5 3.8 3.5 2.3 2.0 1.8 1.8 1.8 1.8 17

18 Life insurance companies 2.7 8.0 10.2 10.9 9.7 8.8 10.8 10.1 9.2 9.3 8.2 18

19 Private pension funds 25.8 33.1 36.2 36.1 36.4 31.9 32.3 31.9 35.1 34.9 34.4 19

20 State and local govt. retirement funds 21.7 23.5 23.5 22.8 24.0 23.7 24.6 24.3 24.6 24.8 24.8 20

21 Money market mutual funds 605.9 542.4 479.9 479.4 437.5 454.5 491.4 484.0 491.4 508.4 513.1 21

22 Mutual funds 132.2 124.7 153.3 137.5 218.5 221.8 126.7 108.7 206.2 217.7 222.7 22

23 Government-sponsored enterprises (net) 142.7 114.5 122.1 150.0 156.3 115.1 114.3 111.9 107.2 138.7 174.9 23

24 Holding companies 6.9 0.3 48.2 50.3 58.7 61.7 52.7 50.5 0.3 0.3 0.5 24

25 Funding corporations 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 25

26 Discrepancy--unallocated assets 651.2 68.0 458.3 357.5 288.4 275.8 239.6 249.8 282.3 236.4 138.7 26
96 Z.1, December 6, 2012

L.208 Open Market Paper

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total outstanding, all types 1788.6 1599.3 1137.4 1057.5 1131.2 1081.6 1004.4 969.2 994.4 962.0 957.2 1

 2 Commercial paper 1788.1 1599.3 1137.4 1057.5 1131.2 1081.6 1004.4 969.2 994.4 962.0 957.2 2

 3 Nonfinancial corporate business 123.8 131.5 58.4 82.9 110.5 106.9 124.7 116.3 127.6 132.1 136.1 3

 4 Foreign issues in U.S. 413.0 342.0 401.3 398.6 428.2 417.2 352.5 345.1 362.6 357.4 366.4 4

 5 Nonfinancial 29.0 49.7 34.5 30.6 35.1 41.4 34.0 30.2 32.8 40.7 39.2 5

 6 Financial 384.0 292.3 366.8 368.0 393.2 375.8 318.6 314.9 329.8 316.7 327.2 6

 7 Financial business 1251.3 1125.8 677.6 575.9 592.5 557.5 527.2 507.8 504.2 472.6 454.7 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 112.9 109.2 109.0 109.9 120.6 104.3 102.1 90.7 8

 9 ABS issuers 643.1 559.3 293.1 120.2 128.3 116.2 108.5 96.0 97.7 85.2 86.8 9

10 Finance companies 123.5 100.9 62.1 98.8 114.4 108.7 111.8 121.0 122.8 122.5 123.1 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 116.7 77.7 60.8 64.7 73.6 76.9 71.7 75.9 87.2 87.0 83.7 12

13 Funding corporations 367.9 388.0 261.7 179.3 167.0 146.6 125.3 94.3 92.2 75.8 70.3 13

14 Bankers’ acceptances (1) 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 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 15

16 Foreign banking offices in U.S. 0.5 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 1788.6 1599.3 1137.4 1057.5 1131.2 1081.6 1004.4 969.2 994.4 962.0 957.2 17

18 Household sector 107.3 6.0 34.6 63.4 67.9 64.9 60.3 58.2 51.7 47.1 39.9 18

19 Nonfinancial corporate business 69.5 57.3 56.0 68.0 70.8 70.4 58.0 59.4 64.1 59.0 64.8 19

20 State and local governments 139.3 57.4 -16.0 44.1 55.0 65.9 63.9 68.0 67.1 66.1 68.1 20

21 Rest of the world 278.1 232.9 191.5 191.0 199.3 195.1 199.4 190.7 204.2 189.3 190.2 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered depository institutions (1) 0.0 15.7 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 0.4 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 13.3 19.1 9.8 7.9 8.5 8.0 5.3 5.5 4.7 4.7 5.5 26

27 Life insurance companies 41.7 38.3 49.8 40.9 40.1 38.7 43.3 29.7 29.0 31.8 32.2 27

28 Private pension funds 26.9 37.2 26.7 18.2 19.3 18.7 18.1 16.7 17.5 17.7 15.9 28

29 State and local govt. retirement funds 38.4 25.9 24.0 22.4 23.5 23.2 24.1 23.8 24.1 24.3 24.2 29

30 Money market mutual funds 674.6 618.5 510.5 394.2 395.5 359.4 347.1 355.1 355.5 326.5 319.4 30

31 Mutual funds 114.1 51.6 80.2 66.3 144.0 147.2 55.7 40.0 121.1 126.0 131.1 31

32 Government-sponsored enterprises 27.7 6.8 9.7 9.9 9.5 9.3 9.2 6.5 5.2 5.7 4.2 32

33 Brokers and dealers 87.1 65.7 41.5 36.2 39.6 42.2 40.4 42.1 43.7 34.7 33.2 33

34 Funding corporations 170.2 366.9 119.1 95.0 58.4 38.5 79.8 73.6 6.5 29.1 28.5 34

(1) Excludes banks’ holdings of own acceptances.
Z.1, December 6, 2012 97

L.209 Treasury Securities

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 5099.2 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 1

 2 Savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 2

 3 Treasury bills 999.5 1861.2 1787.9 1768.9 1694.7 1529.4 1475.6 1519.5 1672.6 1594.4 1613.0 3

 4 Other Treasury securities 3903.3 4283.0 5802.8 7404.7 7739.9 7998.7 8442.0 8723.7 8970.1 9246.9 9458.9 4

 5 Total assets 5099.2 6338.2 7781.9 9361.5 9621.4 9714.1 10102.6 10428.3 10827.5 11025.6 11255.5 5

 6 Household sector 202.0 204.9 762.3 1089.7 930.7 710.3 783.1 620.7 766.8 900.8 945.1 6

 7 Savings bonds 196.4 194.0 191.2 187.9 186.8 186.0 185.1 185.2 184.7 184.3 183.6 7

 8 Bills and other Treasury securities 5.6 10.9 571.1 901.8 743.9 524.3 598.0 435.5 582.0 716.5 761.5 8

 9 Nonfinancial corporate business 38.3 30.5 43.0 48.0 42.4 41.5 44.4 47.8 53.0 64.9 59.9 9

10 Nonfinancial noncorporate business 59.3 51.8 46.1 44.3 44.2 44.1 44.1 44.2 44.2 44.2 44.2 10

11 State and local governments 588.1 526.7 547.2 538.7 526.0 508.7 487.9 485.2 483.4 489.6 492.2 11

12 Rest of the world 2376.4 3253.0 3670.6 4466.6 4577.9 4664.7 4813.7 5071.1 5200.0 5292.3 5445.3 12

13 Treasury bills 300.5 758.0 750.4 710.3 664.9 641.4 635.2 648.2 634.9 628.7 678.9 13

14 Other Treasury securities 2075.9 2495.0 2920.2 3756.3 3913.0 4023.3 4178.5 4422.9 4565.2 4663.6 4766.4 14

15 Monetary authority 740.6 475.9 776.6 1021.5 1340.4 1619.5 1664.7 1663.4 1661.1 1659.9 1645.3 15

16 Treasury bills 227.8 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 18.4 0.0 16

17 Other Treasury securities 512.8 457.5 758.2 1003.1 1322.0 1601.1 1646.2 1645.0 1642.7 1641.5 1645.3 17

18 U.S.-chartered depository institutions 80.1 56.4 124.5 217.5 216.1 183.3 191.7 173.9 187.8 212.5 227.8 18

19 Foreign banking offices in U.S. 30.4 35.5 57.5 60.9 66.1 63.6 58.1 60.5 71.6 61.0 77.3 19

20 Banks in U.S.-affiliated areas 1.8 1.2 0.5 1.1 1.1 1.6 0.9 1.0 0.9 1.3 1.0 20

21 Credit unions 10.4 8.8 14.2 20.0 21.8 21.9 22.5 17.5 20.4 20.1 21.7 21

22 Property-casualty insurance companies 71.3 65.6 88.5 91.7 93.3 91.9 90.7 93.6 91.0 89.3 92.4 22

23 Life insurance companies 70.6 105.7 133.5 156.6 158.2 158.7 162.6 167.1 169.5 169.7 171.3 23

24 Private pension funds 169.5 184.9 310.7 391.0 399.0 405.6 424.5 436.2 448.1 453.6 461.4 24

25 State and local govt. retirement funds 141.6 146.4 174.5 185.6 187.9 186.9 189.0 188.9 189.3 189.6 190.3 25

26 Federal government retirement funds 87.7 112.4 119.8 129.8 133.5 136.9 144.5 147.7 148.3 151.6 154.2 26

27 Money market mutual funds 178.1 577.7 406.4 335.4 337.5 341.3 373.5 443.3 473.8 444.6 456.3 27

28 Mutual funds 179.2 187.9 255.5 297.4 298.2 306.4 341.1 379.7 403.3 414.9 427.6 28

29 Closed-end funds 5.6 3.2 4.4 5.1 5.3 5.2 4.9 4.8 5.1 5.0 5.2 29

30 Exchange-traded funds 19.7 27.1 41.8 51.0 52.8 56.7 61.1 62.4 62.0 67.3 62.7 30

31 Government-sponsored enterprises 15.5 16.8 21.9 55.2 58.5 63.3 68.5 75.4 78.8 57.9 50.7 31

32 ABS issuers 85.8 72.2 53.9 40.1 35.9 36.3 31.4 29.2 25.9 24.8 23.2 32

33 Brokers and dealers -60.0 190.6 123.0 94.5 78.5 56.6 79.3 187.8 203.8 201.2 190.8 33

34 Holding companies 7.1 3.1 5.8 19.6 16.1 9.0 20.4 26.8 39.6 9.6 9.6 34

 Memo:

35 Federal government debt (1) 5122.3 6361.5 7805.4 9385.6 9645.9 9738.6 10127.6 10453.6 10851.9 11050.1 11279.9 35

(1) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
98 Z.1, December 6, 2012

L.210 Agency- and GSE-Backed Securities (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 7397.7 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 1

 2 Budget agencies 23.1 23.3 23.5 24.2 24.5 24.5 25.0 25.3 24.4 24.5 24.4 2

 3 Government-sponsored enterprises 2910.2 3181.9 2706.6 6434.5 6437.3 6317.3 6282.7 6247.3 6178.6 6139.8 6111.5 3

 4 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 4

 5 Total assets 7397.7 8166.7 8106.8 7598.2 7648.7 7577.8 7585.0 7577.4 7533.0 7541.7 7543.9 5

 6 Household sector 680.6 748.6 167.1 169.4 244.1 213.4 181.3 134.4 58.0 56.3 7.5 6

 7 Nonfinancial corporate business 12.8 10.2 14.3 16.0 14.2 17.2 14.8 15.9 17.7 19.1 17.5 7

 8 State and local governments 467.6 431.4 399.7 383.7 373.5 363.2 350.4 336.7 325.9 322.2 339.8 8

 9 Federal government 0.0 54.4 196.4 149.2 138.4 103.7 70.6 31.1 1.5 0.0 0.0 9

10 Rest of the world 1582.4 1406.9 1154.9 1084.0 1072.0 1057.1 1060.5 1079.9 1073.8 1061.2 1066.5 10

11 Monetary authority 0.0 19.7 1068.3 1139.6 1069.7 1025.6 979.2 941.7 933.3 946.5 918.4 11

12 U.S.-chartered depository institutions 1106.3 1242.5 1417.4 1527.2 1561.8 1559.6 1576.6 1634.1 1699.2 1668.4 1672.7 12

13 Foreign banking offices in U.S. 57.1 50.6 31.3 26.5 31.4 30.6 32.2 30.6 29.0 32.3 30.2 13

14 Banks in U.S.-affiliated areas 26.3 24.4 20.5 12.8 6.9 6.0 5.4 4.8 5.1 4.8 4.0 14

15 Credit unions 68.4 82.9 110.8 151.6 166.6 170.9 173.4 182.2 195.8 200.4 196.6 15

16 Property-casualty insurance companies 125.8 114.3 116.2 115.8 116.8 116.9 118.1 122.2 121.5 121.7 121.9 16

17 Life insurance companies 382.9 366.2 371.9 376.0 376.8 375.9 376.1 374.7 364.8 353.0 356.4 17

18 Private pension funds 296.8 318.1 269.1 257.6 258.8 259.9 263.1 262.6 252.4 241.8 232.5 18

19 State and local govt. retirement funds 331.1 337.5 306.9 285.2 288.7 287.2 290.4 290.3 290.9 291.4 292.4 19

20 Federal government retirement funds 5.4 5.2 5.2 5.8 5.7 6.0 6.2 6.5 7.0 7.6 7.2 20

21 Money market mutual funds 235.9 756.2 543.0 402.8 373.4 359.8 383.2 403.7 327.3 334.6 331.3 21

22 Mutual funds 565.4 592.7 639.1 791.1 793.4 819.1 878.3 937.4 990.4 1026.8 1066.6 22

23 Government-sponsored enterprises 702.9 910.0 924.5 377.0 373.9 368.2 368.1 358.9 347.7 342.4 323.9 23

24 ABS issuers 361.1 337.0 109.9 12.7 16.6 14.5 8.0 4.0 1.0 1.0 1.0 24

25 REITs 88.9 89.6 105.1 143.3 190.7 216.9 239.1 244.7 296.4 314.2 368.2 25

26 Brokers and dealers 290.2 242.6 110.9 149.8 153.2 174.7 166.8 147.7 148.7 169.8 165.5 26

27 Holding companies 9.9 25.8 24.3 21.1 22.2 31.5 43.2 33.1 45.7 26.3 23.9 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 35.
Z.1, December 6, 2012 99

L.211 Municipal Securities and Loans

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 3424.8 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 1

 2 State and local governments 2825.6 2842.7 2954.9 3023.6 3003.6 2969.4 2958.9 2970.0 2970.9 2977.7 2969.7 2

 3 Short-term (1) 51.2 55.8 63.6 63.0 60.1 37.6 48.1 52.3 51.9 43.4 55.7 3

 4 Long-term 2774.4 2786.9 2891.3 2960.6 2943.5 2931.7 2910.8 2917.6 2919.0 2934.3 2914.0 4

 5 Nonprofit organizations (2) 250.2 259.5 265.4 263.2 262.8 261.7 256.8 255.5 253.8 249.5 245.6 5

 6 Nonfinancial corporate business 349.0 415.0 452.2 485.4 487.8 493.4 492.2 493.9 495.2 505.3 504.1 6

 (industrial revenue bonds)

 7 Total assets 3424.8 3517.2 3672.5 3772.1 3754.2 3724.5 3708.0 3719.4 3720.0 3732.4 3719.4 7

 8 Household sector 1698.2 1737.0 1866.5 1926.0 1937.7 1911.0 1891.2 1864.1 1829.7 1816.1 1750.2 8

 9 Nonfinancial corporate business 29.2 26.2 27.1 23.9 19.5 19.2 19.9 19.5 22.2 20.8 21.3 9

10 Nonfinancial noncorporate business 5.3 4.9 5.1 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 10

11 State and local governments 9.5 9.4 10.3 11.1 11.1 11.2 11.0 10.9 10.8 10.7 10.9 11

12 Rest of the world 45.1 50.5 58.7 71.7 74.2 76.7 79.7 82.7 85.7 88.7 91.7 12

13 U.S.-chartered depository institutions 202.0 221.9 224.3 254.6 259.9 267.3 283.8 297.3 307.2 327.4 350.0 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 Banks in U.S.-affiliated areas 2.0 2.5 3.5 2.5 2.8 2.5 2.8 3.4 3.4 2.8 2.8 15

16 Property-casualty insurance companies 371.3 381.9 369.4 348.4 342.3 333.7 328.3 331.0 329.1 329.6 330.1 16

17 Life insurance companies 41.4 47.1 73.1 112.3 115.0 117.1 119.6 121.6 122.6 120.7 121.9 17

18 State and local govt. retirement funds 2.4 1.4 1.5 1.6 1.6 1.6 1.5 1.5 6.4 8.4 8.4 18

19 Money market mutual funds 471.0 494.6 401.3 334.4 321.0 306.1 291.9 296.5 286.8 271.8 271.6 19

20 Mutual funds 372.2 389.6 480.2 526.6 515.1 520.1 526.9 542.6 563.6 585.8 612.8 20

21 Closed-end funds 91.2 77.9 81.2 81.6 80.8 82.0 80.1 82.5 83.1 83.7 84.6 21

22 Exchange-traded funds 0.6 2.3 5.9 7.6 7.5 7.7 7.8 8.6 9.7 10.5 11.3 22

23 Government-sponsored enterprises 33.3 31.3 29.1 24.9 23.8 22.9 22.0 21.0 20.2 19.4 18.1 23

24 Brokers and dealers 50.1 38.7 35.4 40.0 37.0 40.6 36.6 31.5 34.7 31.2 29.0 24

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
100 Z.1, December 6, 2012

L.212 Corporate and Foreign Bonds

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 11543.4 11118.5 11576.9 11715.3 11765.3 11823.3 11851.7 11852.7 11996.6 11964.3 12041.0 1

 2 Nonfinancial corporate business 3675.5 3881.0 4268.6 4691.4 4792.4 4907.8 4988.3 5076.0 5193.5 5286.0 5414.7 2

 3 Rest of the world (1) 1587.1 1237.3 1570.3 1689.5 1727.2 1757.3 1774.6 1763.8 1745.3 1718.8 1719.7 3

 4 Financial sectors 6280.8 6000.3 5738.0 5334.5 5245.7 5158.3 5088.8 5013.0 5057.7 4959.4 4906.5 4

 5 U.S.-chartered depository institutions 184.8 184.8 176.3 436.8 433.5 432.7 429.4 415.8 427.2 414.4 409.9 5

 6 ABS issuers (net) (3) 3891.3 3564.1 3015.0 2123.1 2033.8 1993.7 1931.5 1891.8 1826.0 1778.5 1737.5 6

 7 Finance companies 974.1 924.5 837.5 1078.4 1060.0 1054.9 1066.5 1051.7 1043.2 1021.6 1018.8 7

 8 REITs 231.3 171.0 129.8 129.7 141.3 141.5 139.2 145.1 152.6 158.9 162.5 8

 9 Brokers and dealers 64.8 97.1 92.9 129.7 128.2 110.1 99.2 91.8 98.0 102.1 85.8 9

10 Holding companies 516.0 638.9 1028.7 982.2 984.4 934.3 912.7 890.6 982.3 951.2 934.6 10

11 Funding corporations 418.5 419.9 457.8 454.6 464.5 491.1 510.4 526.2 528.4 532.7 557.4 11

12 Total assets 11543.4 11118.5 11576.9 11715.3 11765.3 11823.3 11851.7 11852.7 11996.6 11964.3 12041.0 12

13 Household sector 2118.1 2062.7 2227.0 2200.6 2201.0 2218.3 2206.7 2125.1 2034.6 1981.1 1892.4 13

14 State and local governments 149.1 137.8 140.6 142.1 140.5 138.8 136.3 135.2 134.1 132.9 135.3 14

15 Federal government 0.0 0.0 0.6 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.7 15

16 Rest of the world (2) 2719.1 2354.0 2465.3 2523.3 2509.8 2487.4 2476.5 2500.5 2482.9 2444.9 2443.9 16

17 U.S.-chartered depository institutions 714.6 650.5 667.1 548.9 532.0 525.1 544.6 551.8 532.3 528.8 542.7 17

18 Foreign banking offices in U.S. 369.5 401.6 244.9 233.9 220.6 229.5 255.7 234.5 216.4 216.6 223.7 18

19 Banks in U.S.-affiliated areas 0.5 0.5 2.0 0.6 5.9 5.2 4.5 4.2 4.3 4.1 4.6 19

20 Credit unions 34.6 25.7 18.6 3.7 3.7 3.8 3.6 4.1 4.7 4.8 4.4 20

21 Property-casualty insurance companies 282.9 267.5 298.3 322.6 330.2 335.4 343.7 361.0 358.9 359.5 360.0 21

22 Life insurance companies 1862.6 1817.0 1927.2 2030.2 2063.1 2081.8 2107.4 2123.6 2153.3 2124.6 2148.3 22

23 Private pension funds 357.4 400.1 442.9 440.1 438.8 439.2 441.4 440.9 439.2 437.4 442.0 23

24 State and local govt. retirement funds 297.0 312.9 308.6 312.4 314.1 312.4 321.2 320.9 323.0 324.5 325.7 24

25 Federal government retirement funds 6.3 5.8 5.7 5.9 6.1 6.7 7.1 7.3 7.6 7.9 7.5 25

26 Money market mutual funds 376.8 228.0 169.9 154.2 154.9 154.4 107.1 129.6 126.3 116.5 93.0 26

27 Mutual funds 889.9 959.9 1126.8 1275.4 1323.5 1375.3 1420.7 1465.8 1548.8 1612.3 1701.8 27

28 Closed-end funds 74.3 49.4 55.5 59.6 62.0 61.6 58.7 57.7 59.7 60.6 63.1 28

29 Exchange-traded funds 13.8 27.7 55.4 74.1 79.9 86.6 95.1 107.7 123.4 135.7 147.1 29

30 Government-sponsored enterprises 464.4 386.6 310.8 293.9 284.7 270.0 264.3 260.4 253.9 227.1 221.2 30

31 Finance companies 189.4 192.4 198.6 84.3 84.6 86.4 88.8 85.1 85.2 87.2 85.5 31

32 REITs 34.4 11.7 15.5 20.8 24.6 26.2 27.1 22.1 25.6 27.6 30.5 32

33 Brokers and dealers 382.8 123.8 154.4 189.5 202.5 187.5 133.8 103.7 149.3 130.8 168.4 33

34 Holding companies 35.9 35.8 31.1 38.3 40.5 40.6 22.0 18.3 84.6 94.3 79.8 34

35 Funding corporations 170.0 667.3 710.2 760.1 741.5 750.4 784.5 792.4 847.7 904.3 919.2 35

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

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

(3) Liabilities net of assets.
Z.1, December 6, 2012 101

L.213 Corporate Equities (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Issues at market value 25580.9 15640.5 20123.2 23411.4 25091.0 25105.2 21059.7 22825.9 25508.3 24382.5 25826.4 1

 2 Nonfinancial corporate business 15730.7 10016.6 12494.6 14423.3 15460.2 15380.3 13062.6 14517.4 16101.0 15555.2 16433.4 2

 3 Rest of the world (2) 5248.0 2748.4 3995.3 4646.9 4975.3 5100.2 4202.5 4158.2 4591.0 4230.0 4512.4 3

 4 Financial corporations 4602.2 2875.4 3633.2 4341.2 4655.5 4624.8 3794.5 4150.2 4816.3 4597.3 4880.6 4

 5 Holdings at market value 25580.9 15640.5 20123.2 23411.4 25091.0 25105.2 21059.7 22825.9 25508.3 24382.5 25826.4 5

 6 Household sector 9631.4 5764.8 7434.9 8737.7 9576.1 9620.8 8144.4 8721.9 9656.2 9270.2 9794.6 6

 7 State and local governments 94.5 60.5 80.7 77.7 75.8 74.0 72.7 72.0 71.5 70.8 72.1 7

 8 Federal government 0.0 188.7 67.4 49.9 62.1 66.0 59.3 57.8 48.2 43.6 41.1 8

 9 Rest of the world (3) 2812.2 1806.6 2477.2 2962.1 3161.2 3165.2 2687.0 2973.6 3369.5 3234.8 3471.3 9

10 Monetary authority 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered depository institutions 88.8 33.8 63.6 73.6 78.0 80.9 58.7 67.4 80.4 75.0 83.4 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Property-casualty insurance companies 236.2 193.3 219.8 219.2 222.7 220.2 203.4 224.4 248.9 244.4 257.9 13

14 Life insurance companies 1464.6 1001.7 1208.5 1402.6 1490.0 1496.1 1322.2 1390.2 1501.0 1446.7 1528.4 14

15 Private pension funds 2673.3 1599.7 1835.7 2081.1 2185.3 2164.7 1815.5 2005.1 2245.6 2148.1 2254.4 15

16 State and local govt. retirement funds 2013.7 1237.9 1549.8 1782.5 1861.9 1848.2 1525.4 1690.6 1885.3 1803.7 1890.3 16

17 Federal government retirement funds 145.7 83.7 116.8 140.9 148.9 149.4 121.0 134.4 153.1 146.3 154.0 17

18 Mutual funds 5476.9 3014.1 4136.2 4762.7 5087.0 5067.4 4073.8 4427.2 5044.0 4744.2 5004.2 18

19 Closed-end funds 145.2 72.5 88.1 97.4 101.1 101.6 95.7 96.5 98.0 96.8 100.8 19

20 Exchange-traded funds 573.7 474.0 670.0 854.1 909.1 919.5 783.0 863.8 990.4 944.5 1047.1 20

21 Brokers and dealers 224.8 109.2 124.2 117.2 131.7 131.3 97.8 100.9 116.3 113.5 126.8 21

22 Funding corporations 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 Memo:

23 Market value of domestic corporations (4) 19064.3 12009.3 14937.1 17376.6 18673.1 18551.6 15618.5 17314.6 19383.2 18678.4 19698.1 23

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

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

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 19, 20, 21, and 22; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

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

 1 Shares at market value 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 1

 2 Holdings at market value 7829.0 5435.3 6961.6 7934.5 8471.9 8570.5 7532.8 8000.5 8972.1 8826.9 9262.4 2

 3 Household sector 4605.3 3342.7 4161.1 4605.7 4957.3 5013.9 4400.6 4645.0 5297.3 5260.9 5542.9 3

 4 Nonfinancial corporate business 178.0 106.2 161.9 186.6 190.2 186.6 162.9 167.5 177.6 168.9 171.4 4

 5 State and local governments 38.4 36.1 37.5 38.6 38.4 38.1 37.4 37.1 36.8 36.5 37.1 5

 6 Rest of the world 373.5 256.2 363.6 513.8 569.6 599.8 527.2 559.9 626.3 615.5 645.9 6

 7 U.S.-chartered depository institutions 29.6 19.6 46.1 45.0 47.1 45.0 36.6 41.7 46.7 47.3 52.8 7

 8 Credit unions 2.1 2.0 1.3 1.5 1.7 1.8 1.8 1.8 2.0 2.0 2.1 8

 9 Property-casualty insurance companies 6.8 4.4 5.3 5.7 5.8 5.8 5.2 5.5 5.7 5.5 5.7 9

10 Life insurance companies 188.4 121.0 140.8 155.7 158.7 158.5 142.9 150.1 159.1 153.2 159.3 10

11 Private pension funds 2110.6 1366.0 1817.3 2121.1 2230.7 2250.6 1995.1 2144.6 2344.7 2273.3 2370.4 11

12 State and local govt. retirement funds 296.4 181.1 226.7 260.8 272.4 270.4 223.2 247.3 275.8 263.9 274.6 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
102 Z.1, December 6, 2012

L.215 Depository Institution Loans Not Elsewhere Classified (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 2060.1 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2149.3 2175.7 1

 2 Household sector 21.8 26.4 10.2 61.0 45.3 -1.0 -9.8 12.4 34.8 88.0 79.5 2

 3 Corporate business 715.9 780.0 546.0 530.9 534.6 543.6 569.5 604.1 597.6 622.5 631.3 3

 4 Noncorporate business 926.5 1046.1 944.1 873.7 877.6 892.9 909.0 926.0 953.3 974.3 988.5 4

 5 Rest of the world 102.8 107.9 96.8 115.1 127.1 130.5 140.9 144.3 153.6 164.8 167.2 5

 6 Foreign official institutions 1.9 2.6 3.2 4.3 4.2 3.2 3.1 2.6 2.5 2.2 2.1 6

 7 Foreign banks 30.2 33.0 27.9 39.7 45.7 49.1 53.0 51.0 51.6 54.4 50.7 7

 8 Other foreign 70.8 72.4 65.8 71.2 77.1 78.2 84.8 90.7 99.5 108.3 114.5 8

 9 Financial sectors 293.1 789.5 424.7 373.7 360.1 406.0 414.2 399.9 362.6 299.7 309.1 9

10 Finance companies 182.0 174.9 144.5 91.5 93.8 89.4 98.3 102.1 97.5 103.5 115.8 10

11 REITs 33.2 32.8 20.7 18.5 16.2 15.6 20.4 22.1 18.6 20.5 19.1 11

12 Brokers and dealers 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Holding companies 77.9 91.3 164.2 190.3 200.1 258.4 264.4 254.3 234.5 175.7 174.2 13

14 Funding corporations 0.0 444.9 95.3 73.4 49.9 42.5 31.0 21.5 11.9 0.0 0.0 14

15 Total assets 2060.1 2750.0 2021.7 1954.3 1944.6 1972.1 2023.9 2086.8 2101.9 2149.3 2175.7 15

16 Monetary authority (2) 0.0 490.4 142.8 98.1 69.1 55.3 42.3 30.5 19.0 4.5 1.5 16

17 U.S.-chartered depository institutions 1544.6 1675.8 1419.6 1412.9 1415.5 1445.0 1501.0 1569.2 1596.2 1666.4 1698.7 17

18 Foreign banking offices in U.S. 466.8 531.9 406.5 390.4 405.7 416.7 424.7 426.6 427.2 419.3 415.7 18

19 Banks in U.S.-affiliated areas 21.4 19.7 19.4 16.1 16.0 16.0 16.6 17.1 17.2 17.3 17.6 19

20 Credit unions 27.3 32.1 33.4 36.9 38.3 39.2 39.2 43.5 42.2 41.7 42.2 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.108.
Z.1, December 6, 2012 103

L.216 Other Loans and Advances

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total other loans and advances 2511.0 2610.2 2098.1 1797.8 1766.6 1781.3 1784.2 1810.3 1773.2 1792.7 1773.2 1

 2 U.S. government loans 105.2 111.3 177.4 180.9 183.1 180.2 181.9 185.8 188.2 189.8 186.5 2

 3 Liab.: Household sector 12.5 12.8 12.6 11.6 11.6 11.4 11.4 11.2 10.9 11.0 11.0 3

 4 Nonfinancial corporate business 10.9 15.3 74.9 70.6 71.9 67.8 68.6 70.1 71.7 73.3 74.2 4

 5 Nonfinancial noncorporate business 46.8 48.9 52.4 53.0 53.6 54.7 55.1 55.9 55.9 56.5 56.6 5

 6 State and local governments 11.9 12.7 13.5 14.4 14.5 14.7 15.0 15.3 15.4 15.7 15.6 6

 7 Rest of the world 23.1 21.6 21.9 22.1 22.2 21.9 22.0 23.5 25.4 25.5 26.5 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 2.0 9.2 9.3 9.7 9.8 9.8 8.8 7.9 2.6 10

11 Foreign loans to U.S. corporate business 271.5 207.3 182.5 160.4 166.7 185.1 207.4 202.5 176.0 170.2 164.8 11

12 Liab.: Nonfinancial corporate business 271.5 207.3 182.5 160.4 166.7 185.1 207.4 202.5 176.0 170.2 164.8 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. 0.5 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 0.2 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 0.3 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 6.3 8.2 14.6 18.9 26.9 24.2 24.8 22.9 53.1 53.2 62.7 17

18 Liab.: Nonfinancial corporate business 6.3 8.2 14.6 18.9 26.9 24.2 24.8 22.9 51.8 51.0 60.3 18

19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 2.3 2.4 19

20 Policy loans (Household liability) 114.5 120.4 121.1 124.5 124.8 125.5 126.4 126.9 126.9 126.6 127.2 20

21 Asset: Federal government 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 21

22 Life insurance companies 113.9 119.8 120.6 124.0 124.3 125.0 125.9 126.5 126.4 126.2 126.8 22

23 Government-sponsored enterprise loans (1) 942.6 980.7 695.9 551.3 522.8 500.2 479.8 487.0 467.3 491.3 487.6 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) 9.5 5.8 5.3 6.9 8.1 6.8 5.7 6.0 7.3 6.6 6.7 25

26 Nonfinancial noncorporate business (FCS) 66.0 74.5 74.7 80.3 81.5 78.3 75.3 77.7 79.3 80.4 82.5 26

27 U.S.-chartered dep. inst. (FHLB & SLMA) 806.1 805.0 541.1 392.8 364.0 346.1 328.7 332.3 309.3 328.2 321.6 27

28 Credit unions (FHLB) 32.3 40.6 26.5 26.1 23.7 22.8 23.7 24.2 22.9 23.7 24.4 28

29 Life insurance companies (FHLB) 28.7 54.9 48.3 45.1 45.5 46.2 46.4 46.8 48.5 52.4 52.4 29

30 Securitized loans held by ABS issuers 93.7 78.1 54.4 4.0 0.3 0.1 0.1 0.1 0.1 0.1 3.2 30

31 Liab.: Nonfinancial corporate business 93.7 78.1 54.4 4.0 0.3 0.1 0.1 0.1 0.1 0.1 3.2 31

32 Finance company loans to business 523.0 539.9 448.9 407.7 406.3 394.7 395.4 410.0 410.2 410.4 412.6 32

33 Liab.: Nonfinancial corporate business 470.7 485.9 404.0 366.9 365.7 355.3 355.9 369.0 369.2 369.3 371.3 33

34 Nonfinancial noncorporate business 52.3 54.0 44.9 40.8 40.6 39.5 39.5 41.0 41.0 41.0 41.3 34

35 Loans to nonfinancial corporate business (2) 453.8 564.3 403.4 350.2 335.7 371.3 368.3 375.1 351.6 351.1 328.7 35

36 Asset: Household sector 17.6 29.7 26.8 26.2 25.2 25.7 25.5 23.4 26.5 23.2 29.4 36

37 Life insurance companies 31.9 46.3 20.4 16.7 15.4 17.3 20.6 22.2 20.2 21.5 18.6 37

38 Mutual funds 82.4 94.8 75.4 74.6 86.7 99.7 95.3 93.5 94.2 99.2 95.5 38

39 ABS issuers 248.3 301.7 197.8 163.8 144.1 161.6 156.2 162.3 166.8 161.9 174.3 39

40 Brokers and dealers 52.8 55.9 60.1 47.4 45.9 48.0 54.4 54.3 30.6 32.8 2.8 40

41 Funding corporations 20.8 35.9 22.9 21.4 18.3 19.0 16.4 19.4 13.2 12.4 8.1 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
104 Z.1, December 6, 2012

L.217 Total Mortgages

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total mortgages 14546.7 14623.8 14337.1 13712.4 13616.8 13525.3 13443.8 13383.8 13276.3 13209.2 13119.2 1

 2 Home 11194.8 11082.8 10880.7 10413.1 10338.3 10272.3 10214.2 10158.0 10071.5 10013.2 9925.9 2

 3 Multifamily residential 790.3 839.5 847.1 835.4 824.7 824.0 825.1 830.2 829.9 836.0 846.7 3

 4 Commercial 2449.0 2566.8 2478.1 2322.7 2311.6 2285.6 2259.8 2249.7 2227.7 2211.5 2196.9 4

 5 Farm 112.7 134.7 131.3 141.2 142.2 143.5 144.7 146.0 147.2 148.5 149.7 5

 6 Total liabilities 14546.7 14623.8 14337.1 13712.4 13616.8 13525.3 13443.8 13383.8 13276.3 13209.2 13119.2 6

 7 Household sector 10771.4 10710.0 10555.0 10123.8 10055.7 9995.2 9940.5 9888.1 9804.3 9745.8 9657.4 7

 8 Nonfinancial business 3618.5 3750.3 3615.3 3421.5 3392.2 3356.7 3328.8 3319.6 3293.2 3278.4 3273.2 8

 9 Corporate 935.5 880.3 758.1 694.7 686.9 674.6 667.8 662.6 658.8 662.4 670.1 9

10 Noncorporate 2683.0 2869.9 2857.2 2726.8 2705.3 2682.1 2661.0 2657.0 2634.4 2616.1 2603.1 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 156.7 163.5 166.9 167.1 168.9 173.5 174.5 176.2 178.8 185.0 188.6 12

13 Total assets 14546.7 14623.8 14337.1 13712.4 13616.8 13525.3 13443.8 13383.8 13276.3 13209.2 13119.2 13

14 Household sector 109.8 111.1 101.4 90.3 87.7 84.6 82.8 79.5 75.5 71.5 68.0 14

15 Nonfinancial corporate business 41.4 33.6 29.5 28.0 27.6 27.2 26.8 26.4 26.0 25.6 25.2 15

16 Nonfinancial noncorporate business 42.1 39.1 37.9 36.4 36.3 36.2 36.2 36.3 36.3 36.3 36.3 16

17 State and local governments 181.2 167.9 172.1 167.7 167.2 165.4 162.3 160.8 159.5 158.1 162.1 17

18 Federal government 82.4 95.8 108.4 106.6 107.8 109.3 109.3 110.6 111.7 112.2 112.0 18

19 U.S.-chartered depository institutions 4658.6 4615.2 4371.9 4194.9 4082.5 4045.9 4038.2 4049.6 3984.5 3986.4 3944.8 19

20 Foreign banking offices in U.S. 39.0 44.2 37.8 35.4 33.8 33.0 33.7 32.8 31.2 31.2 31.2 20

21 Banks in U.S.-affiliated areas 40.8 42.6 42.3 35.8 34.8 33.9 33.4 33.4 32.9 32.4 32.0 21

22 Credit unions 280.2 312.2 316.9 317.0 316.8 317.8 318.9 320.5 321.6 324.0 325.7 22

23 Property-casualty insurance companies 4.8 5.0 4.4 4.1 4.1 4.3 4.6 4.9 5.2 5.4 5.5 23

24 Life insurance companies 326.2 342.4 326.1 317.5 318.2 322.8 328.6 332.5 336.7 340.5 343.5 24

25 Private pension funds 10.2 11.1 13.6 15.5 15.0 14.8 14.2 15.0 14.8 14.7 14.6 25

26 State and local govt. retirement funds 9.7 9.4 9.3 9.4 9.2 9.2 9.3 9.3 9.3 9.3 9.2 26

27 Government-sponsored enterprises (1) 643.1 705.3 707.7 5021.0 5054.6 5018.4 4964.6 4924.0 4922.8 4870.2 4844.5 27

28 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 1139.5 1187.0 1236.0 1277.3 1304.8 1329.9 1377.3 1408.0 28

29 ABS issuers 2957.9 2603.2 2235.3 1907.8 1854.5 1793.2 1743.3 1689.9 1630.8 1577.9 1523.3 29

30 Finance companies 531.9 447.9 397.4 243.6 236.9 228.0 218.0 211.5 206.7 192.7 188.5 30

31 REITs 123.1 76.3 48.3 41.9 42.7 45.3 42.3 42.1 40.9 43.6 44.8 31
Z.1, December 6, 2012 105

L.218 Home Mortgages (1)

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 11194.8 11082.8 10880.7 10413.1 10338.3 10272.3 10214.2 10158.0 10071.5 10013.2 9925.9 1

 2 Household sector 10567.4 10509.1 10360.9 9941.9 9875.5 9817.0 9764.4 9712.7 9630.7 9574.4 9488.6 2

 3 Nonfinancial corporate business 42.2 32.7 20.3 13.6 12.4 11.4 10.7 10.2 9.9 9.9 9.9 3

 4 Nonfinancial noncorporate business 585.1 540.9 499.4 457.6 450.5 443.9 439.1 435.1 430.8 428.9 427.3 4

 5 Total assets 11194.8 11082.8 10880.7 10413.1 10338.3 10272.3 10214.2 10158.0 10071.5 10013.2 9925.9 5

 6 Household sector 90.8 91.2 83.2 75.2 73.2 71.2 69.2 67.2 65.2 63.2 61.2 6

 7 Nonfinancial corporate business 25.0 20.2 17.7 16.8 16.5 16.3 16.1 15.8 15.6 15.4 15.1 7

 8 Nonfinancial noncorporate business 15.4 14.3 13.9 13.3 13.3 13.3 13.2 13.3 13.3 13.3 13.3 8

 9 State and local governments 92.8 86.1 88.3 85.4 85.1 84.2 82.6 81.8 81.2 80.4 82.6 9

10 Federal government 13.7 16.4 22.1 23.9 24.3 24.9 24.5 24.8 25.5 25.7 25.2 10

11 U.S.-chartered depository institutions 3068.0 2883.6 2686.6 2612.0 2525.2 2506.7 2518.1 2535.0 2481.8 2490.6 2454.3 11

12 Foreign banking offices in U.S. 0.0 7.0 0.9 1.1 1.1 1.1 1.3 1.3 1.4 1.3 1.6 12

13 Banks in U.S.-affiliated areas 21.5 22.9 22.6 20.1 18.8 18.2 17.9 17.8 17.5 17.3 17.0 13

14 Credit unions 280.2 312.2 316.9 317.0 316.8 317.8 318.9 320.5 321.6 324.0 325.7 14

15 Life insurance companies 9.4 8.6 6.4 5.6 5.6 5.9 6.2 6.4 6.5 6.7 6.8 15

16 Private pension funds 1.2 1.3 2.0 1.9 1.7 1.7 1.6 1.6 1.7 1.9 2.2 16

17 State and local govt. retirement funds 3.5 3.4 3.3 3.4 3.3 3.3 3.4 3.3 3.3 3.3 3.3 17

18 Government-sponsored enterprises 447.9 456.6 445.3 4699.3 4732.3 4696.7 4640.2 4595.9 4591.6 4539.0 4508.3 18

19 Agency- and GSE-backed mortgage pools 4371.8 4864.0 5266.5 1068.8 1112.5 1155.7 1194.5 1216.8 1237.2 1276.2 1301.7 19

20 ABS issuers 2200.3 1885.3 1564.6 1290.8 1236.3 1187.5 1143.2 1098.7 1053.3 1006.2 961.0 20

21 Finance companies 472.7 375.4 327.7 169.5 163.3 159.0 155.2 149.7 146.1 137.2 134.9 21

22 REITs 80.7 34.3 12.6 8.9 9.0 9.0 8.1 8.1 8.6 11.7 11.7 22

 Memo:

23 Home equity loans included above (2) 1132.3 1115.3 1032.9 928.1 904.8 884.5 868.8 853.3 831.2 812.2 790.1 23

24 U.S.-chartered depository institutions 872.7 894.7 841.4 783.3 764.4 747.8 735.0 723.1 705.1 690.2 670.9 24

25 Foreign banking offices in U.S. 0.0 0.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 25

26 Credit unions 94.1 98.7 94.6 88.2 86.6 84.9 83.8 82.2 79.8 78.3 76.9 26

27 ABS issuers 70.9 46.0 31.1 22.5 20.9 19.7 18.7 17.8 16.9 16.0 15.0 27

28 Finance companies 94.5 75.1 65.5 33.9 32.7 31.8 31.0 29.9 29.2 27.4 27.0 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 790.3 839.5 847.1 835.4 824.7 824.0 825.1 830.2 829.9 836.0 846.7 1

 2 Nonfinancial corporate business 38.4 40.7 41.0 40.4 39.9 39.8 39.9 40.1 40.1 40.5 41.0 2

 3 Nonfinancial noncorporate business 729.1 773.7 779.2 767.3 757.7 757.0 757.8 762.5 762.7 769.1 779.4 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 22.7 25.1 26.8 27.7 27.1 27.2 27.4 27.6 27.0 26.5 26.3 5

 6 Total assets 790.3 839.5 847.1 835.4 824.7 824.0 825.1 830.2 829.9 836.0 846.7 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 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 8

 9 Nonfinancial noncorporate business 14.3 13.3 12.9 12.4 12.3 12.3 12.3 12.3 12.3 12.3 12.3 9

10 State and local governments 72.8 67.5 69.3 67.5 67.5 66.7 65.5 64.9 64.4 63.8 65.4 10

11 Federal government 14.4 14.5 14.7 14.4 14.3 14.1 14.1 14.1 14.1 13.9 13.9 11

12 U.S.-chartered depository institutions 261.1 276.0 267.0 254.9 251.5 250.3 248.7 248.3 244.7 246.4 248.2 12

13 Foreign banking offices in U.S. 0.0 4.3 4.0 3.5 3.5 3.2 2.9 2.9 1.5 1.4 1.4 13

14 Life insurance companies 51.8 51.8 48.5 47.2 47.3 47.9 48.8 49.4 50.0 50.6 51.0 14

15 Private pension funds 2.1 2.4 2.7 3.1 3.1 2.9 2.7 2.9 2.9 3.1 3.4 15

16 State and local govt. retirement funds 2.9 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 16

17 Government-sponsored enterprises 147.7 190.2 204.4 256.5 256.1 254.6 256.4 259.2 261.3 260.4 264.6 17

18 Agency- and GSE-backed mortgage pools 88.1 92.8 105.7 66.9 71.3 77.1 81.1 86.4 91.1 99.1 104.3 18

19 ABS issuers 124.0 113.2 107.4 98.7 88.2 85.5 83.7 81.3 79.2 76.8 74.3 19

20 Finance companies 5.1 5.8 5.1 5.1 4.6 4.2 3.9 3.6 3.5 3.3 3.1 20

21 REITs 5.2 4.3 2.3 1.9 1.8 1.8 1.8 1.7 1.7 1.7 1.7 21
106 Z.1, December 6, 2012

L.220 Commercial Mortgages

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 2449.0 2566.8 2478.1 2322.7 2311.6 2285.6 2259.8 2249.7 2227.7 2211.5 2196.9 1

 2 Household sector 204.0 200.9 194.0 181.9 180.2 178.2 176.1 175.4 173.6 171.4 168.8 2

 3 Nonfinancial corporate business 832.1 778.1 667.2 607.7 601.0 589.1 582.3 576.8 572.6 575.2 581.7 3

 4 Nonfinancial noncorporate business 1278.9 1449.4 1476.8 1393.7 1388.6 1371.9 1354.2 1348.9 1329.7 1306.4 1284.2 4

 5 REITs 134.0 138.4 140.1 139.4 141.8 146.3 147.1 148.6 151.8 158.5 162.3 5

 6 Total assets 2449.0 2566.8 2478.1 2322.7 2311.6 2285.6 2259.8 2249.7 2227.7 2211.5 2196.9 6

 7 Household sector 19.1 20.0 19.2 16.7 15.8 14.8 13.6 12.4 11.0 9.6 8.0 7

 8 Nonfinancial corporate business 15.8 13.0 11.4 10.8 10.6 10.5 10.3 10.2 10.0 9.9 9.7 8

 9 Nonfinancial noncorporate business 11.5 10.7 10.4 10.0 10.0 9.9 9.9 10.0 10.0 10.0 10.0 9

10 State and local governments 14.6 13.5 13.9 14.1 13.9 13.8 13.5 13.4 13.3 13.2 13.4 10

11 Federal government 51.0 61.4 67.8 64.1 64.9 66.0 66.3 67.2 67.6 68.0 68.4 11

12 U.S.-chartered depository institutions 1286.8 1404.2 1367.4 1273.2 1250.7 1233.6 1215.8 1210.3 1201.1 1192.2 1184.9 12

13 Foreign banking offices in U.S. 39.0 32.8 32.9 30.8 29.2 28.7 29.5 28.5 28.2 28.4 28.1 13

14 Banks in U.S.-affiliated areas 19.3 19.7 19.6 15.7 16.1 15.7 15.4 15.6 15.4 15.1 14.9 14

15 Property-casualty insurance companies 4.8 5.0 4.4 4.1 4.1 4.3 4.6 4.9 5.2 5.4 5.5 15

16 Life insurance companies 252.2 267.1 257.7 251.3 252.0 255.6 260.2 263.2 266.5 269.6 271.9 16

17 Private pension funds 6.8 7.4 8.9 10.4 10.2 10.2 9.9 10.5 10.2 9.7 9.1 17

18 State and local govt. retirement funds 3.3 3.2 3.2 3.2 3.1 3.1 3.2 3.2 3.1 3.1 3.1 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 633.6 604.7 563.3 518.3 530.0 520.1 516.4 509.9 498.3 495.0 488.0 20

21 Finance companies 54.0 66.6 64.6 68.9 69.0 64.8 58.8 58.2 57.1 52.2 50.6 21

22 REITs 37.3 37.7 33.4 31.2 31.9 34.5 32.4 32.3 30.6 30.2 31.4 22

L.221 Farm Mortgages (1)

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

 1 Total liabilities 112.7 134.7 131.3 141.2 142.2 143.5 144.7 146.0 147.2 148.5 149.7 1

 2 Nonfinancial corporate business 22.8 28.8 29.6 33.1 33.7 34.3 34.9 35.5 36.1 36.8 37.5 2

 3 Nonfinancial noncorporate business 89.9 105.9 101.7 108.1 108.6 109.2 109.9 110.5 111.1 111.7 112.2 3

 4 Total assets 112.7 134.7 131.3 141.2 142.2 143.5 144.7 146.0 147.2 148.5 149.7 4

 5 Household sector -0.0 -0.0 -1.0 -1.6 -1.3 -1.4 -0.0 -0.1 -0.8 -1.3 -1.2 5

 6 Nonfinancial noncorporate business 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 6

 7 State and local governments 1.0 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 7

 8 Federal government 3.3 3.5 3.9 4.3 4.2 4.3 4.4 4.5 4.6 4.6 4.6 8

 9 U.S.-chartered depository institutions 42.8 51.5 51.0 54.8 55.1 55.3 55.7 56.0 56.9 57.2 57.5 9

10 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 10

11 Life insurance companies 12.8 15.0 13.5 13.3 13.3 13.4 13.5 13.5 13.6 13.7 13.7 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 47.6 58.5 58.0 65.2 66.2 67.1 68.0 68.9 69.8 70.8 71.6 13

14 Agency- and GSE-backed mortgage pools 4.5 4.7 4.5 3.8 3.2 3.2 1.7 1.7 1.6 2.0 2.0 14

(1) Excludes mortgages on farm houses.
Z.1, December 6, 2012 107

L.222 Consumer Credit

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities (Households) 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 1

 2 Total assets 2528.8 2548.9 2438.7 2545.3 2512.1 2534.1 2578.4 2631.5 2618.9 2662.6 2724.1 2

 3 Nonfinancial corporate business 59.3 56.3 51.7 53.1 51.5 51.7 52.2 53.1 51.5 51.7 52.2 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government (1) 93.0 104.3 178.6 308.8 347.5 362.4 398.5 417.4 452.6 470.7 509.5 5

 6 U.S.-chartered depository institutions 894.9 965.0 906.3 1185.5 1143.6 1159.8 1163.1 1192.6 1155.7 1174.5 1186.2 6

 7 Credit unions 236.6 236.2 237.1 226.5 218.1 220.9 223.9 223.0 223.0 232.0 237.5 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 ABS issuers 673.0 632.9 593.2 63.0 57.2 53.0 53.5 54.8 53.8 55.6 57.9 9

10 Finance companies 572.1 554.3 471.9 708.4 694.2 686.3 687.2 690.6 682.4 678.1 680.9 10

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

 the government purchased from depository institutions and finance companies.

L.223 Trade Credit

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

 1 Total trade payables 3398.0 3228.0 3204.9 3383.3 3429.9 3495.3 3545.4 3603.6 3660.6 3709.0 3734.4 1

 2 Household sector 214.5 236.7 252.7 274.1 279.1 282.6 286.0 288.2 289.8 290.5 290.5 2

 3 Nonfinancial corporate business 1897.9 1672.7 1587.5 1743.2 1763.5 1822.1 1862.0 1920.3 1952.7 1999.4 2021.7 3

 4 Nonfinancial noncorporate business 374.9 380.7 388.3 368.9 367.1 368.0 369.3 367.4 365.5 363.0 361.3 4

 5 State and local governments 553.5 592.7 632.3 672.3 682.3 692.4 702.4 712.5 722.6 732.7 742.8 5

 6 Federal government 238.2 260.8 204.6 210.8 225.3 231.4 235.2 231.9 241.8 245.9 248.1 6

 7 Rest of the world 73.1 63.2 69.3 95.9 94.1 79.5 74.1 69.1 70.8 64.0 57.2 7

 8 Brokers and dealers 45.8 21.2 70.1 18.1 18.5 19.3 16.4 14.2 17.3 13.5 12.8 8

 9 Total trade receivables 3189.2 2991.9 2865.9 2930.4 3018.1 3119.8 3168.7 3123.0 3246.7 3328.0 3324.4 9

10 Nonfinancial corporate business 2252.4 2084.6 2056.0 2148.9 2238.8 2340.7 2378.0 2332.0 2448.7 2528.6 2524.0 10

11 Nonfinancial noncorporate business 525.6 522.7 496.3 476.9 475.6 474.6 473.9 475.0 475.6 475.4 475.4 11

12 State and local governments 69.9 47.6 29.0 9.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Federal government 60.6 64.7 43.6 42.9 44.7 47.0 48.2 47.7 49.0 50.6 49.4 13

14 Rest of the world 83.6 90.1 96.7 116.3 116.2 118.3 132.3 133.5 136.9 139.0 139.7 14

15 Property-casualty insurance companies 85.4 86.7 83.0 83.8 84.4 88.2 88.7 87.2 91.1 92.0 94.5 15

16 ABS issuers 111.7 95.5 61.3 51.8 53.6 51.1 47.5 47.6 45.3 42.4 41.4 16

17 Discrepancy 208.8 236.0 339.0 452.9 411.9 375.5 376.7 480.6 413.9 381.0 410.0 17

L.224 Security Credit

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

 1 Total liabilities 1526.4 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.1 1375.5 1410.2 1487.6 1

 2 Household sector 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 1200.9 963.6 888.2 936.6 942.3 1011.0 1128.9 1073.6 1107.8 1165.7 1215.9 4

 5 Customer credit balances (HH) 866.4 742.7 668.6 694.3 703.3 757.7 804.9 752.3 762.3 777.7 782.7 5

 6 From U.S.-chartered depository institutions 145.9 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 6

 7 From foreign banking offices in U.S. 188.6 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.4 7

 8 Total assets 1526.4 1128.5 1091.2 1214.8 1258.1 1323.8 1380.9 1312.1 1375.5 1410.2 1487.6 8

 9 Household sector 866.4 742.7 668.6 694.3 703.3 757.7 804.9 752.3 762.3 777.7 782.7 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered depository institutions 145.9 158.6 158.0 152.3 152.1 163.2 186.9 189.6 190.8 209.8 241.8 11

12 Foreign banking offices in U.S. 188.6 62.3 61.6 90.1 86.9 90.1 137.2 131.7 154.7 178.3 191.4 12

13 Brokers and dealers 325.5 164.8 203.0 278.2 315.7 312.8 251.9 238.5 267.7 244.5 271.7 13
108 Z.1, December 6, 2012

L.225 Life Insurance and Pension Fund Reserves

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Life insurance reserves:

 1 Total liabilities 1201.5 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 1

 2 Federal government 45.4 46.4 47.5 48.4 48.5 48.9 49.2 49.7 49.8 50.2 50.1 2

 3 Life insurance companies 1156.1 1133.4 1194.5 1229.9 1254.3 1268.6 1271.1 1302.3 1331.6 1320.6 1344.4 3

 4 Net change in assets 1201.5 1179.8 1242.1 1278.3 1302.8 1317.5 1320.3 1352.0 1381.5 1370.8 1394.5 4

 5 Households 1076.8 1049.8 1109.2 1137.2 1160.3 1174.1 1174.5 1203.6 1214.0 1201.1 1221.8 5

 6 U.S.-chartered depository institutions 104.3 110.7 111.5 116.0 117.3 118.4 119.3 120.8 133.8 135.0 136.4 6

 7 Holding companies 20.5 19.3 21.4 25.1 25.1 25.0 26.5 27.6 33.7 34.8 36.3 7

 Pension fund reserves:

 8 Total liabilities 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 8

 9 Life insurance companies 2450.8 2184.6 2323.0 2504.7 2589.1 2611.0 2519.6 2556.6 2633.6 2579.1 2630.9 9

10 Private pension funds (1) 6444.8 4588.0 5507.4 6136.6 6367.7 6366.3 5734.7 6118.2 6597.5 6409.6 6635.2 10

11 State and local govt. retirement funds 3297.9 2414.7 2759.8 3024.0 3131.3 3116.3 2771.4 2967.9 3210.0 3132.4 3244.6 11

12 Federal government retirement funds (2) 1197.0 1222.3 1324.7 1425.4 1423.0 1341.0 1428.1 1509.6 1513.3 1517.0 1546.1 12

13 Total assets (Households) (3) 13390.6 10409.6 11914.9 13090.7 13511.1 13434.6 12453.8 13152.3 13954.4 13638.1 14056.8 13

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

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

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 167.7 44.0 40.6 50.5 75.8 63.6 65.1 64.8 76.9 74.3 94.1 1

 2 Nonfinancial corporate business 35.8 39.0 35.7 42.9 60.7 50.6 56.7 47.8 59.1 55.9 65.6 2

 3 Nonfinancial noncorporate business 99.5 106.2 99.9 95.0 94.6 94.4 94.2 94.5 94.6 94.6 94.6 3

 4 U.S.-chartered depository institutions 12.4 -73.6 -66.2 -59.6 -54.9 -50.3 -46.9 -49.1 -52.6 -50.3 -46.3 4

 5 Property-casualty insurance companies 7.0 -21.1 -15.8 -10.1 -7.9 -13.1 -19.4 -14.5 -8.0 -13.2 -8.7 5

 6 Life insurance companies -4.7 -24.4 -31.4 -28.8 -27.9 -29.1 -30.3 -23.6 -27.3 -23.9 -23.6 6

 7 Finance companies 15.5 15.4 12.7 7.7 7.0 6.8 7.2 7.6 8.2 8.4 8.9 7

 8 Brokers and dealers 2.2 2.5 5.7 3.6 4.2 4.3 3.7 2.1 3.0 2.8 3.7 8

 9 Total business taxes receivable 220.7 237.3 245.0 249.0 251.3 260.0 261.2 263.9 268.2 272.8 273.4 9

10 State and local governments 115.7 117.9 111.1 104.7 104.6 110.9 109.7 110.0 111.9 114.1 112.3 10

11 Federal government 105.0 119.4 133.9 144.3 146.7 149.1 151.5 153.9 156.3 158.7 161.1 11

12 Discrepancy -52.9 -193.3 -204.4 -198.5 -175.5 -196.3 -196.1 -199.1 -191.2 -198.5 -179.2 12

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 9329.3 7727.1 6459.6 6990.0 7154.7 7209.5 7336.9 7512.0 7587.1 7689.2 7854.7 1

 2 Nonfinancial noncorporate business 9317.7 7717.6 6447.5 6976.2 7139.2 7194.4 7323.3 7499.0 7569.3 7671.4 7836.2 2

 3 Brokers and dealers 11.6 9.5 12.1 13.8 15.4 15.1 13.6 13.0 17.9 17.8 18.5 3
Z.1, December 6, 2012 109

L.228 Total Miscellaneous Financial Claims

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 17532.2 20091.3 20024.7 20503.3 20239.3 20118.7 21373.2 20871.4 20821.3 21202.2 20525.2 1

 2 Household sector 23.9 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 2

 3 Nonfinancial corporate business 3866.0 4060.5 4052.9 3972.2 3868.7 3739.9 3659.6 3626.0 3557.5 3480.1 3443.8 3

 4 Nonfinancial noncorporate business 1100.0 1214.3 1248.1 1282.1 1288.1 1294.8 1301.3 1304.1 1313.6 1313.0 1312.8 4

 5 Federal government 1094.2 1183.5 1261.6 1349.4 1335.1 1242.0 1358.1 1438.3 1420.6 1429.6 1447.6 5

 6 Rest of the world 5104.6 6059.0 5959.9 6498.1 6386.3 6382.9 7376.6 6771.1 6416.3 6805.0 6113.0 6

 7 Monetary authority 21.0 23.1 29.2 58.4 29.3 27.0 27.7 31.7 33.7 28.5 34.8 7

 8 U.S.-chartered depository institutions 1310.2 1491.2 1628.9 1809.8 1847.9 1890.0 1935.2 1943.0 2033.2 2096.8 2166.1 8

 9 Foreign banking offices in U.S. 299.6 849.4 431.3 438.7 480.7 542.4 737.6 694.0 633.0 652.5 657.8 9

10 Banks in U.S.-affiliated areas 28.8 24.9 29.2 23.3 22.9 21.6 25.0 19.4 19.1 17.9 19.2 10

11 Credit unions 3.6 4.7 19.4 11.0 11.6 12.2 11.5 12.4 13.2 13.1 12.9 11

12 Property-casualty insurance companies 811.1 811.0 819.5 831.8 832.6 844.3 850.7 869.4 889.5 895.3 893.3 12

13 Life insurance companies 1010.6 905.0 985.6 1089.7 1087.0 1078.3 1080.9 1108.8 1159.3 1145.2 1182.1 13

14 Government-sponsored enterprises 171.1 208.2 270.4 154.6 140.5 137.7 130.7 130.6 132.0 128.8 124.8 14

15 Finance companies 654.4 664.8 573.6 316.8 296.4 287.3 292.1 291.9 292.4 283.4 287.3 15

16 REITs 67.6 64.9 51.1 66.0 70.1 72.1 75.3 74.4 90.0 80.1 102.2 16

17 Brokers and dealers 558.4 441.4 450.0 483.1 479.4 496.6 463.9 478.8 500.2 464.0 472.9 17

18 Holding companies 328.3 422.9 548.0 522.0 529.8 531.6 521.5 481.1 732.6 733.5 600.0 18

19 Funding corporations 1078.9 1635.3 1644.0 1571.4 1507.8 1492.6 1501.1 1572.1 1558.8 1607.4 1626.1 19

20 Total assets 25027.8 25395.8 25698.9 26340.5 26280.4 26551.4 27612.3 27733.6 28014.8 28402.0 28225.1 20

21 Household sector 712.2 766.3 787.1 830.5 832.3 834.1 852.3 877.2 871.7 869.8 871.7 21

22 Nonfinancial corporate business 9890.0 9377.9 9560.4 10117.5 10175.3 10264.1 10407.8 10753.4 10850.8 10955.3 11175.1 22

23 Nonfinancial noncorporate business 2014.3 2121.8 2040.0 1961.9 1957.1 1953.9 1952.0 1957.0 1960.1 1960.1 1960.7 23

24 State and local governments 111.0 203.1 238.5 208.6 194.1 181.8 174.8 149.2 138.3 141.9 131.1 24

25 Federal government 138.7 110.8 145.8 141.4 141.0 142.7 143.1 143.1 140.5 141.9 143.3 25

26 Rest of the world 4536.2 4282.3 4197.4 4505.0 4360.9 4505.0 5063.3 4814.2 4477.9 4679.1 4537.0 26

27 Monetary authority 40.5 569.8 75.9 83.1 92.8 105.0 104.6 225.8 188.1 187.2 186.5 27

28 U.S.-chartered depository institutions 869.1 1199.2 1021.7 929.3 938.7 935.8 1012.8 952.6 871.8 887.9 887.4 28

29 Foreign banking offices in U.S. -104.9 259.7 143.9 148.7 182.6 252.0 374.8 371.4 300.2 350.3 338.1 29

30 Banks in U.S.-affiliated areas 12.1 11.1 6.5 11.0 10.9 11.9 16.7 11.8 11.8 15.8 13.2 30

31 Credit unions 35.9 44.3 50.6 41.9 42.8 20.5 23.4 15.0 11.8 20.8 27.9 31

32 Property-casualty insurance companies 121.1 102.6 120.6 112.3 110.1 110.7 115.7 105.9 102.3 105.4 103.3 32

33 Life insurance companies 342.9 380.1 357.6 360.3 340.1 353.3 397.6 409.3 431.2 453.6 461.7 33

34 Private pension funds 567.1 426.5 533.3 549.4 559.0 554.0 503.8 537.3 572.9 561.0 581.4 34

35 State and local govt. retirement funds 15.7 15.7 16.2 17.0 17.3 17.3 18.0 18.1 18.4 18.6 18.5 35

36 Federal government retirement funds 952.0 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 36

37 Money market mutual funds 90.9 47.9 59.1 66.9 69.5 68.1 68.8 72.7 62.3 63.8 65.4 37

38 Mutual funds 16.8 20.0 14.9 2.9 5.5 13.4 14.4 5.7 0.5 0.0 0.0 38

39 Government-sponsored enterprises 141.7 99.1 100.3 148.6 108.8 109.2 154.0 148.5 150.1 135.9 139.6 39

40 Finance companies 30.1 51.5 77.8 82.2 77.0 75.9 99.4 99.3 105.2 105.9 112.8 40

41 REITs 55.4 54.6 46.1 53.5 59.6 62.8 64.1 66.8 75.4 79.0 88.8 41

42 Brokers and dealers 1633.7 1105.7 1141.0 1025.3 1005.5 1026.2 1004.5 932.0 951.8 989.3 949.1 42

43 Holding companies 2054.0 2337.0 3160.6 3129.4 3175.4 3210.2 3215.3 3165.9 3818.8 3795.6 3516.2 43

44 Funding corporations 751.5 793.5 726.3 671.0 695.2 701.2 681.8 687.6 705.7 680.1 692.9 44

45 Discrepancy -7495.5 -5304.5 -5674.2 -5837.3 -6041.1 -6432.7 -6239.1 -6862.1 -7193.5 -7199.8 -7700.0 45
110 Z.1, December 6, 2012

L.229 Identified Miscellaneous Financial Claims - Part I

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 3553.1 3748.5 4029.5 4306.8 4419.1 4560.7 4642.9 4681.6 4806.0 4894.4 4996.5 1

 2 Asset: Nonfinancial corporate business 2892.9 3011.1 3219.1 3434.7 3544.1 3674.7 3752.0 3794.6 3908.0 3987.1 4082.5 2

 3 U.S.-chartered depository institutions 150.3 201.5 257.6 273.9 278.1 280.5 274.5 270.9 274.7 275.5 277.3 3

 4 Property-casualty insurance companies 121.1 102.6 120.6 112.3 110.1 110.7 115.7 105.9 102.3 105.4 103.3 4

 5 Life insurance companies 25.6 25.0 28.1 44.6 44.3 45.2 46.5 54.8 55.4 56.6 57.4 5

 6 Finance companies 177.9 221.0 187.3 210.5 210.2 214.9 217.7 217.2 224.2 226.1 229.3 6

 7 Brokers and dealers 185.3 187.4 216.8 230.8 232.3 234.7 236.5 238.1 241.4 243.6 246.7 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1961.9 2050.3 1986.4 2119.9 2149.6 2203.8 2267.1 2361.1 2389.4 2421.6 2448.4 8

 9 Nonfinancial noncorporate business 3.6 3.6 4.8 5.1 5.4 5.4 5.5 5.8 5.8 5.7 5.6 9

10 Foreign banking offices in U.S. 94.2 71.7 107.7 114.8 118.7 122.4 131.3 153.1 146.6 149.2 147.0 10

11 Property-casualty insurance companies 76.6 51.2 64.7 70.6 71.9 70.4 69.3 73.0 72.8 74.5 76.5 11

12 Life insurance companies 68.7 60.3 69.4 84.2 79.1 79.1 71.7 89.2 87.6 87.2 87.2 12

13 Finance companies 68.6 78.1 90.0 103.1 105.4 108.2 108.2 116.4 117.5 117.6 117.9 13

14 Brokers and dealers 62.6 72.1 64.4 88.5 90.4 94.6 99.0 98.1 100.3 101.5 102.9 14

15 Funding corporations 9.6 10.2 10.8 11.4 11.6 11.7 11.9 12.0 12.2 12.3 12.5 15

16 Asset: Rest of the world 2345.9 2397.4 2398.2 2597.7 2631.9 2695.7 2764.0 2908.8 2932.2 2969.7 2998.0 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 46.9 48.3 50.0 52.3 52.9 54.3 54.7 54.9 55.2 57.0 58.6 17

18 Asset: Federal government 46.9 48.3 50.0 52.3 52.9 54.3 54.7 54.9 55.2 57.0 58.6 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 18.5 21.1 25.6 26.5 26.3 26.5 26.0 26.9 27.2 27.3 27.4 19

20 Asset: U.S.-chartered depository institutions 18.5 21.1 25.6 26.5 26.3 26.5 26.0 26.9 27.2 27.3 27.4 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 56.0 51.8 51.8 49.0 48.6 44.2 43.5 43.1 42.4 41.6 41.3 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.7 0.4 0.5 0.6 0.7 0.6 0.5 0.5 0.7 0.6 0.6 22

23 Nonfinancial noncorporate (FCS) 5.0 6.4 6.3 6.7 6.7 6.8 7.0 7.0 7.1 7.0 7.1 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 U.S.-chartered depository institutions (FHLB) 45.5 39.0 39.7 36.7 36.2 32.1 31.2 30.6 29.8 29.0 28.5 25

26 Credit unions (FHLB) 2.5 2.8 2.4 2.2 2.2 2.0 2.0 2.9 2.8 2.9 2.9 26

27 Life insurance companies (FHLB) 2.2 3.2 2.9 2.9 2.9 2.7 2.7 2.1 2.1 2.1 2.1 27

 Holding company net transactions with subsidiaries:

28 Liab.: U.S.-chartered depository institutions 1256.9 1370.5 1599.5 1632.8 1671.0 1674.2 1696.8 1711.9 1785.1 1832.6 1878.5 28

29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27.1 29.7 25.3 29

30 Life insurance companies 43.7 31.2 40.5 62.7 64.5 67.4 74.6 72.0 159.5 166.5 93.2 30

31 Finance companies 239.9 232.6 209.3 118.3 102.5 101.7 100.4 97.9 93.9 90.5 86.1 31

32 Brokers and dealers 57.0 155.2 596.1 623.2 645.3 606.0 593.3 611.5 798.0 760.4 713.0 32

33 Rest of the world 110.6 101.5 125.1 135.6 121.9 186.2 195.9 162.1 181.4 166.9 154.0 33

34 Asset: Holding companies 1708.1 1891.0 2570.3 2572.7 2605.1 2635.5 2660.9 2655.4 3045.1 3046.6 2950.0 34

 NFC investment in finance company subsidiaries:

35 Liab.: Finance companies 81.5 80.5 71.2 62.5 74.9 74.3 73.3 71.5 68.6 66.1 70.4 35

36 Asset: Nonfinancial corporate business 81.5 80.5 71.2 62.5 74.9 74.3 73.3 71.5 68.6 66.1 70.4 36

 Funding corporations’ investment in subsidiaries:

37 Liab.: Foreign banking offices in U.S. 241.0 276.6 203.1 171.6 188.9 173.4 140.1 137.8 154.3 128.5 117.9 37

38 Brokers and dealers 510.5 516.9 523.2 499.4 506.3 527.7 541.7 549.8 551.4 551.6 575.0 38

39 Asset: Funding corporations 751.5 793.5 726.3 671.0 695.2 701.2 681.8 687.6 705.7 680.1 692.9 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 0.0 1.8 7.7 7.8 8.3 8.7 8.8 8.8 8.7 8.7 40

41 Asset: Households (1) 0.0 0.0 0.9 3.8 3.9 4.1 4.4 4.4 4.4 4.4 4.4 41

42 Federal government 0.0 0.0 0.9 3.8 3.9 4.1 4.4 4.4 4.4 4.4 4.4 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
Z.1, December 6, 2012 111

L.230 Identified Miscellaneous Financial Claims - Part II

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 24.5 554.2 10.9 0.8 0.7 1.0 1.5 100.5 47.2 28.7 13.3 1

 2 Asset: Federal government 0.5 0.5 0.7 0.8 0.7 1.0 1.0 0.7 0.7 0.7 0.7 2

 3 Monetary authority (1) 24.0 553.7 10.3 0.1 0.0 0.0 0.5 99.8 46.5 28.0 12.6 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 20.9 15.5 15.9 14.4 15.0 14.1 16.3 12.6 16.8 13.0 12.5 6

 7 Asset: U.S.-chartered depository institutions 20.9 15.5 15.9 14.4 15.0 14.1 16.3 12.6 16.8 13.0 12.5 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 23.9 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 8

 9 Asset: Life insurance companies 23.9 27.0 22.1 24.7 25.2 25.6 24.4 24.3 26.2 28.0 28.4 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 247.6 265.2 273.6 288.4 291.2 293.8 300.4 302.8 302.6 298.6 303.2 10

11 Accident and health 163.3 182.7 192.4 207.1 208.9 213.2 219.4 222.3 221.3 216.5 220.3 11

12 Policy dividend accumulation 43.7 40.4 39.2 39.7 39.9 38.6 38.5 37.9 38.1 38.5 38.8 12

13 Contract claims 40.6 42.1 42.0 41.6 42.4 41.9 42.6 42.6 43.2 43.7 44.1 13

14 Asset: Household sector 247.6 265.2 273.6 288.4 291.2 293.8 300.4 302.8 302.6 298.6 303.2 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 734.5 759.9 754.8 761.2 760.7 773.9 781.4 796.4 789.6 791.1 791.5 15

16 Asset: Household sector 327.3 337.3 332.2 335.4 334.4 339.7 342.1 348.6 344.4 343.7 342.7 16

17 Nonfinancial corporate business 299.9 311.1 310.2 313.2 313.3 319.0 322.4 328.7 326.4 327.5 328.1 17

18 Nonfinancial noncorporate business 107.3 111.5 112.4 112.6 113.0 115.2 116.9 119.0 118.8 119.9 120.7 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 431.3 317.6 412.8 457.5 471.6 471.0 420.9 451.3 487.3 472.1 491.0 19

20 Asset: Private pension funds 431.3 317.6 412.8 457.5 471.6 471.0 420.9 451.3 487.3 472.1 491.0 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 47.2 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 21

22 Asset: Private pension funds 47.2 47.9 50.5 49.2 49.0 49.0 49.1 49.4 49.7 50.0 50.3 22

 Securities borrowed (net):

23 Liab.: Funding corporations 1240.2 887.0 856.8 733.4 709.6 727.8 727.0 658.4 651.5 706.5 656.9 23

24 Asset: Brokers and dealers 1240.2 887.0 856.8 733.4 709.6 727.8 727.0 658.4 651.5 706.5 656.9 24

 Nonmarketable government securities:

25 Liab.: Federal government 952.0 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 25

26 Asset: Federal government retirement funds 952.0 1015.3 1077.2 1142.9 1128.8 1042.1 1149.3 1213.7 1197.2 1203.5 1223.3 26

 Retiree health care funds (2):

27 Liab.: Federal government 137.3 163.8 180.4 202.9 202.8 196.5 205.4 221.4 220.3 223.1 221.5 27

28 Asset: Household sector 137.3 163.8 180.4 202.9 202.8 196.5 205.4 221.4 220.3 223.1 221.5 28

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
112 Z.1, December 6, 2012

L.231 Unidentified Miscellaneous Financial Claims

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

2007 2008 2009 2010 2011 2012

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 5111.4 7005.8 6444.9 6481.7 6023.0 5723.5 6741.4 5902.2 5341.7 5596.0 4889.5 1

 2 Nonfinancial corporate business 1856.8 1962.3 2016.0 1803.1 1670.1 1487.1 1343.4 1215.5 1118.4 1008.5 945.2 2

 3 Nonfinancial noncorporate business 1096.4 1210.7 1243.3 1277.0 1282.7 1289.4 1295.8 1298.3 1307.8 1307.3 1307.2 3

 4 Federal government 4.9 4.3 4.0 3.6 3.5 3.4 3.3 3.2 3.1 3.0 2.9 4

 5 Rest of the world 1369.5 1606.4 1744.5 2002.5 1791.7 1580.7 2481.5 1772.1 1326.5 1658.1 890.6 5

 6 Monetary authority 2.5 2.1 3.6 31.9 3.1 0.5 1.7 4.8 6.5 1.1 7.5 6

 7 U.S.-chartered depository institutions 53.3 120.6 29.4 177.0 176.9 215.8 238.4 231.1 248.1 264.2 287.6 7

 8 Foreign banking offices in U.S. -35.6 501.1 120.5 152.4 173.1 246.5 466.2 403.1 332.2 374.7 392.8 8

 9 Banks in U.S.-affiliated areas 28.8 24.9 29.2 23.3 22.9 21.6 25.0 19.4 19.1 17.9 19.2 9

10 Credit unions 3.6 4.7 19.4 11.0 11.6 12.2 11.5 12.4 13.2 13.1 12.9 10

11 Life insurance companies 219.3 230.8 189.3 196.9 180.5 167.1 213.3 193.4 122.2 120.9 207.6 11

12 Government-sponsored enterprises 94.3 141.0 202.8 91.2 76.8 79.4 71.0 74.9 72.8 74.1 71.1 12

13 Finance companies 264.4 273.7 203.1 33.0 13.7 3.1 10.2 6.0 12.4 9.2 13.0 13

14 REITs 67.6 64.9 51.1 66.0 70.1 72.1 75.3 74.4 90.0 80.1 102.2 14

15 Brokers and dealers -71.7 -302.8 -733.7 -728.1 -762.5 -731.8 -770.1 -780.6 -949.5 -949.5 -918.1 15

16 Holding companies 328.3 422.9 548.0 522.0 529.8 531.6 521.5 481.1 732.6 733.5 600.0 16

17 Funding corporations -170.9 738.0 774.6 819.0 778.9 744.8 753.5 893.0 886.3 879.9 947.9 17

18 Total assets 12607.0 12310.3 12119.2 12318.9 12064.0 12156.1 12980.5 12764.4 12535.2 12795.8 12589.5 18

19 Nonfinancial corporate business 6615.0 5974.8 5959.4 6306.4 6242.3 6195.5 6259.5 6557.9 6547.2 6574.0 6693.6 19

20 Nonfinancial noncorporate business 1902.0 2003.9 1921.3 1842.6 1837.4 1831.9 1828.1 1831.0 1834.3 1833.1 1832.9 20

21 State and local governments 111.0 203.1 238.5 208.6 194.1 181.8 174.8 149.2 138.3 141.9 131.1 21

22 Federal government 91.4 62.0 94.3 84.5 83.6 83.3 83.0 83.2 80.2 79.9 79.6 22

23 Rest of the world 2190.2 1884.9 1799.2 1907.3 1729.0 1809.3 2299.3 1905.4 1545.7 1709.4 1539.0 23

24 Monetary authority 16.5 16.1 65.6 83.0 92.8 105.0 104.1 126.0 141.6 159.3 174.0 24

25 U.S.-chartered depository institutions 634.0 922.2 682.9 577.8 583.0 582.7 664.7 611.7 523.3 543.0 541.7 25

26 Foreign banking offices in U.S. -104.9 259.7 143.9 148.7 182.6 252.0 374.8 371.4 300.2 350.3 338.1 26

27 Banks in U.S.-affiliated areas 12.1 11.1 6.5 11.0 10.9 11.9 16.7 11.8 11.8 15.8 13.2 27

28 Credit unions 33.4 41.5 48.2 39.7 40.6 18.5 21.4 12.1 9.0 17.8 25.0 28

29 Life insurance companies 291.2 324.9 304.5 288.2 267.8 279.8 324.0 328.1 347.6 366.9 373.7 29

30 Private pension funds 88.6 61.0 70.0 42.8 38.4 34.1 33.8 36.6 35.9 38.9 40.1 30

31 State and local govt. retirement funds 15.7 15.7 16.2 17.0 17.3 17.3 18.0 18.1 18.4 18.6 18.5 31

32 Mutual funds 16.8 20.0 14.9 2.9 5.5 13.4 14.4 5.7 0.5 0.0 0.0 32

33 Money market mutual funds 90.9 47.9 59.1 66.9 69.5 68.1 68.8 72.7 62.3 63.8 65.4 33

34 Government-sponsored enterprises 141.7 99.1 100.3 148.6 108.8 109.2 154.0 148.5 150.1 135.9 139.6 34

35 Finance companies -147.8 -169.5 -109.5 -128.3 -133.2 -139.0 -118.3 -117.9 -119.0 -120.2 -116.6 35

36 REITs 55.4 54.6 46.1 53.5 59.6 62.8 64.1 66.8 75.4 79.0 88.8 36

37 Brokers and dealers 208.1 31.3 67.5 61.1 63.6 63.7 40.9 35.5 58.8 39.2 45.4 37

38 Holding companies 345.9 446.0 590.3 556.7 570.3 574.8 554.4 510.4 773.7 749.0 566.2 38

39 Discrepancy -7495.5 -5304.5 -5674.2 -5837.3 -6041.1 -6432.7 -6239.1 -6862.1 -7193.5 -7199.8 -7700.0 39