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B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Assets 71476.2 73030.3 77130.1 78258.0 84441.4 94042.3 87359.3 88855.8 91330.1 94042.3 95548.6 1

 2 Nonfinancial assets 24813.9 23671.0 23323.3 23265.8 25007.3 27544.4 25812.0 26437.2 27043.7 27544.4 28329.6 2

 3 Financial assets 46662.4 49359.3 53806.9 54992.2 59434.1 66497.9 61547.3 62418.7 64286.4 66497.9 67219.0 3

 4 Deposits 8172.0 8090.0 8059.4 8736.8 9241.5 9572.3 9260.6 9246.4 9359.1 9572.3 9783.0 4

 5 Credit market instruments 5156.0 5619.9 5834.0 5425.5 5422.2 5446.0 5339.7 5354.2 5328.7 5446.0 5262.8 5

 6 Equity shares at market value 10194.5 13091.8 15461.4 15105.2 17368.1 22417.5 19091.3 19545.9 20892.9 22417.5 22778.7 6

 7 Directly held 5931.0 7496.1 8995.3 9025.4 10412.8 13309.6 11456.2 11686.6 12472.2 13309.6 13502.0 7

 8 Indirectly held 4263.5 5595.7 6466.1 6079.7 6955.3 9107.9 7635.0 7859.2 8420.7 9107.9 9276.7 8

 9 Life insurance companies 956.9 1220.3 1420.5 1395.7 1556.5 1825.5 1654.4 1678.8 1733.8 1825.5 1846.3 9

 10 Private pension funds (2) 1373.1 1798.7 2121.7 2016.9 2288.1 2986.8 2531.9 2607.2 2778.2 2986.8 3058.3 10

 11 Federal govt. retirement funds (2) 83.7 116.8 140.9 134.4 148.1 206.2 167.8 173.8 184.5 206.2 211.8 11

 12 Mutual funds 1849.8 2459.9 2782.9 2532.8 2962.6 4089.4 3281.0 3399.4 3724.2 4089.4 4160.3 12

 13 Other 23139.9 22557.6 24452.1 25724.8 27402.4 29062.1 27855.7 28272.2 28705.7 29062.1 29394.5 13

 14 Liabilities 14278.2 14049.5 13766.5 13566.0 13626.8 13768.2 13575.6 13597.7 13711.5 13768.2 13784.8 14

 15 Net worth 57198.0 58980.9 63363.7 64692.0 70814.6 80274.1 73783.7 75258.1 77618.6 80274.1 81763.8 15

 Memo:

 Equity shares (line 6) as a percent of

 16 Total assets (line 1) 14.3 17.9 20.0 19.3 20.6 23.8 21.9 22.0 22.9 23.8 23.8 16

 17 Financial assets (line 3) 21.8 26.5 28.7 27.5 29.2 33.7 31.0 31.3 32.5 33.7 33.9 17

(1) Estimates of equity shares (lines 7 through 12) could differ from other sources owing to alternative definitions of ownership of equity by households.

 Prior to 1985, all pension assets are assumed to have been in defined benefit plans.

(2) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 13.
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F.100.a Nonprofit Organizations (1)

Billions of dollars

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Net lending (+) or net borrowing (-) 53.5 42.1 21.7 8.8 23.3 11.1 52.5 48.5 83.6 9.2 1.5 -6.0 39.6 1

 2 Net acquisition of financial assets 70.9 75.8 53.8 46.4 53.0 45.2 76.5 84.9 120.0 47.4 55.0 28.8 108.1 2

 3 Checkable deposits and currency 0.5 -1.0 1.3 4.0 1.2 1.7 -2.5 2.3 8.3 2.9 3.1 2.3 5.1 3

 4 Time and savings deposits -0.2 5.4 -6.2 10.4 -2.4 -1.5 0.2 0.2 1.1 0.3 1.1 0.6 0.8 4

 5 Money market fund shares -13.1 4.9 -1.2 32.9 4.0 -13.8 1.1 1.2 9.4 -1.8 7.1 3.8 4.5 5

 6 Security repurchase agreements (2) 0.4 3.1 -2.2 -1.3 6.0 0.5 0.2 0.2 1.4 0.0 1.3 0.7 0.8 6

 7 Credit market instruments 54.9 21.9 22.2 -17.6 10.9 25.5 16.6 38.8 36.7 23.1 36.4 46.7 32.6 7

 8 Open market paper 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 2.0 4.1 1.3 3.0 4.7 12.4 8

 9 Treasury securities 6.4 13.8 4.8 6.1 6.8 5.1 6.4 16.4 13.9 8.9 11.6 17.5 5.4 9

10 Agency- and GSE-backed securities 4.5 2.6 4.6 3.6 3.1 2.3 2.9 7.6 6.4 4.1 5.4 8.1 2.5 10

11 Municipal securities 0.0 0.5 -0.5 0.0 0.2 0.3 0.4 0.1 0.0 -0.1 0.1 0.1 0.0 11

12 Corporate and foreign bonds 6.6 9.7 8.2 7.9 5.6 4.5 2.4 11.9 11.7 8.3 15.4 15.4 10.5 12

13 Mortgages -0.8 0.9 -0.7 -0.1 0.9 0.9 -0.1 0.9 0.6 0.6 0.9 0.8 1.7 13

14 Corporate equities 5.2 16.1 15.0 -18.6 18.6 8.9 45.1 -10.4 21.0 -30.6 -40.7 -67.4 15.4 14

15 Mutual fund shares -1.0 2.6 1.2 -3.3 0.7 -0.7 1.5 1.3 2.4 -1.0 0.4 -3.3 -1.0 15

16 Security credit 2.8 2.8 2.6 2.0 1.1 0.8 2.0 1.5 3.4 3.7 4.6 1.1 4.3 16

17 Trade receivables (2) 2.8 2.8 2.6 2.0 1.1 1.8 2.1 1.6 3.5 2.6 4.6 1.1 4.3 17

18 Equity in noncorporate business -0.1 -3.9 -6.0 15.2 10.6 7.0 0.2 10.2 8.4 9.7 12.5 12.0 16.3 18

19 Miscellaneous assets (2) 18.6 21.0 24.5 20.5 1.2 15.0 10.1 38.0 24.4 38.3 24.7 31.2 25.0 19

20 Net increase in liabilities 17.3 33.6 32.1 37.6 29.7 34.1 24.0 36.4 36.3 38.2 53.5 34.7 68.5 20

21 Credit market instruments 7.5 11.7 11.8 14.3 10.0 13.8 2.4 -0.6 11.0 10.6 23.4 13.5 19.3 21

22 Municipal securities 1.5 3.2 3.0 3.8 2.4 1.1 3.2 0.2 6.1 7.1 11.8 10.4 5.8 22

23 Depository institution loans n.e.c. 1.6 1.4 1.4 1.6 1.2 2.0 -0.2 -0.1 0.8 0.6 1.9 0.5 2.2 23

24 Other loans and advances -0.0 -0.0 0.3 0.4 -0.2 0.1 0.1 -0.1 0.0 -0.2 -0.1 0.1 -0.3 24

25 Commercial mortgages 4.4 7.2 7.2 8.6 6.6 10.7 -0.8 -0.6 4.1 3.1 9.9 2.5 11.6 25

26 Trade payables 2.4 16.2 9.3 9.4 5.9 6.0 5.2 7.9 8.0 8.9 8.7 4.1 3.8 26

27 Miscellaneous liabilities (2) 7.4 5.8 10.9 13.8 13.8 14.3 16.5 29.1 17.3 18.7 21.4 17.0 45.4 27

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table F.100.
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L.100.a Nonprofit Organizations (1)

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

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Total financial assets 590.7 710.5 742.1 828.1 890.2 957.1 1025.5 1214.0 1414.1 1607.3 1793.9 1974.7 2003.8 1

 2 Checkable deposits and currency 17.0 15.9 17.3 21.3 22.5 24.1 21.6 23.9 32.1 35.0 38.1 40.4 45.5 2

 3 Time and savings deposits 1.5 6.8 0.6 11.1 8.7 7.1 7.3 7.5 8.6 8.9 10.0 10.6 11.4 3

 4 Money market fund shares 15.9 20.8 19.6 52.5 56.5 42.7 43.8 45.1 54.5 52.7 59.8 63.6 68.1 4

 5 Security repurchase agreements (2) 1.7 4.8 2.5 1.3 7.3 7.8 8.0 8.2 9.6 9.6 10.9 11.6 12.5 5

 6 Credit market instruments 229.3 251.2 273.4 255.9 266.8 292.3 308.9 347.7 384.4 407.6 443.9 490.6 523.2 6

 7 Open market paper 93.6 87.9 93.7 58.5 52.7 65.0 69.7 71.7 75.8 77.1 80.2 84.9 97.3 7

 8 Treasury securities 55.7 69.5 74.3 80.3 87.1 92.2 98.5 114.9 128.8 137.6 149.2 166.8 172.2 8

 9 Agency- and GSE-backed securities 26.3 28.9 33.5 37.1 40.3 42.6 45.5 53.1 59.5 63.6 69.0 77.1 79.6 9

10 Municipal securities 0.1 0.6 0.1 0.2 0.4 0.8 1.1 1.2 1.3 1.2 1.3 1.5 1.5 10

11 Corporate and foreign bonds 51.1 60.8 69.0 77.0 82.6 87.1 89.5 101.4 113.1 121.4 136.8 152.2 162.6 11

12 Mortgages 2.6 3.5 2.8 2.8 3.7 4.6 4.5 5.3 6.0 6.6 7.4 8.3 10.0 12

13 Corporate equities 145.8 203.0 197.5 214.6 241.1 270.2 308.2 397.1 494.7 604.9 692.0 769.3 708.6 13

14 Mutual fund shares 10.2 15.8 15.3 15.9 17.7 18.5 19.0 24.6 30.4 34.5 38.7 42.7 38.8 14

15 Security credit 25.7 28.5 31.1 33.1 34.3 35.0 37.1 38.6 42.0 45.8 50.3 51.5 55.8 15

16 Trade receivables (2) 25.7 28.5 31.1 33.1 34.3 36.1 38.1 39.7 43.2 45.8 50.3 51.5 55.8 16

17 Equity in noncorporate business 26.1 22.2 16.2 31.4 42.0 49.0 49.2 59.4 67.8 77.5 90.0 102.0 118.3 17

18 Miscellaneous assets (2) 92.0 112.9 137.4 158.0 159.2 174.2 184.3 222.2 246.7 285.0 309.7 340.9 365.9 18

19 Liabilities 253.8 287.5 319.5 357.1 386.8 421.0 444.9 481.4 517.7 555.8 609.3 644.1 712.5 19

20 Credit market instruments 154.4 166.1 177.9 192.3 202.3 216.1 218.5 217.9 228.9 239.5 262.9 276.4 295.7 20

21 Municipal securities 79.6 82.7 85.7 89.5 91.9 93.0 96.1 96.4 102.4 109.6 121.3 131.7 137.5 21

22 Depository institution loans n.e.c. 11.8 13.1 14.5 16.1 17.3 19.3 19.2 19.1 19.8 20.4 22.3 22.7 24.9 22

23 Other loans and advances 0.3 0.3 0.5 0.9 0.7 0.8 0.9 0.8 0.9 0.7 0.6 0.7 0.4 23

24 Commercial mortgages 62.7 70.0 77.2 85.8 92.3 103.0 102.2 101.6 105.7 108.8 118.7 121.2 132.8 24

25 Trade payables 41.3 57.4 66.8 76.2 82.1 88.1 93.2 101.1 109.1 118.0 126.8 130.9 134.7 25

26 Miscellaneous liabilities (2) 58.2 63.9 74.8 88.6 102.5 116.8 133.3 162.4 179.7 198.4 219.7 236.8 282.1 26

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table L.100.
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F.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Current receipts, NIPA basis 4043.8 3691.2 3885.0 4074.1 4259.2 4695.8 4547.3 4832.0 4623.3 4780.6 4761.4 1

 2 Personal current taxes 1435.2 1144.9 1191.5 1404.0 1498.0 1658.5 1629.0 1668.8 1657.6 1678.5 1698.3 2

 3 Taxes on production and imports 1041.9 1026.1 1057.1 1097.1 1122.9 1146.7 1140.7 1138.8 1149.0 1158.3 1172.6 3

 4 Taxes on corporate income 281.1 246.0 346.3 345.0 402.4 384.3 375.4 384.7 383.2 393.6 419.6 4

 5 Taxes from the rest of the world 18.8 14.8 15.7 16.3 17.8 19.9 19.2 19.4 20.0 20.8 21.7 5

 6 Contributions for govt. social insurance 993.1 969.4 989.0 922.6 955.3 1111.3 1099.0 1108.6 1114.3 1123.5 1139.4 6

 7 Income receipts on assets 139.6 136.3 137.2 137.4 131.4 246.0 154.3 380.6 175.3 273.7 187.7 7

 8 Current transfer receipts 155.4 174.3 171.1 175.4 159.1 169.2 165.1 170.0 165.3 176.5 167.6 8

 9 Current surplus of government enterprises -21.2 -20.6 -22.9 -23.8 -27.7 -40.1 -35.5 -39.0 -41.4 -44.3 -45.5 9

10 Current expenditures, NIPA basis 4844.0 5213.0 5451.8 5535.4 5621.6 5669.0 5630.1 5682.7 5699.3 5664.0 5727.6 10

11 Consumption expenditures 2368.6 2442.1 2522.2 2526.1 2548.0 2519.2 2525.3 2517.5 2523.2 2510.8 2527.5 11

12 Government social benefits 1862.8 2117.5 2250.5 2277.4 2334.8 2418.1 2400.4 2404.9 2431.8 2435.4 2476.1 12

13 Other current transfer payments 45.0 52.7 50.6 56.5 49.9 48.6 47.6 52.4 53.5 40.8 41.9 13

14 Interest payments 515.0 542.4 572.7 615.5 631.6 624.5 598.8 649.0 631.7 618.3 625.4 14

15 Subsidies 52.6 58.3 55.9 60.0 57.3 58.7 58.0 58.9 59.1 58.7 56.8 15

16 Net saving, NIPA basis -800.2 -1521.7 -1566.8 -1461.3 -1362.3 -973.2 -1082.9 -850.7 -1075.9 -883.4 -966.2 16

17 + Consumption of fixed capital 426.5 442.7 458.1 478.1 493.6 505.1 500.5 503.4 506.1 510.5 513.2 17

18 - Insurance and pension fund reserves (1) -0.6 0.5 -1.7 -0.4 -1.4 -1.2 -1.9 -0.4 -2.7 -0.0 -2.0 18

19 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.8 5.0 4.9 4.4 4.6 5.3 5.3 5.3 5.3 5.4 5.5 19

20 - Net capital transfers (2) -13.3 -3.4 8.1 7.5 5.8 -12.2 -5.4 -10.3 -13.4 -19.6 -13.1 20

21 = Gross saving less net capital transfers -364.6 -1081.1 -1120.1 -994.7 -877.7 -460.0 -580.4 -342.0 -559.1 -358.6 -443.5 21

22 Gross investment -483.4 -1089.1 -1068.7 -1026.9 -765.1 -366.3 -778.9 178.5 -453.5 -411.1 -556.1 22

23 Fixed investment 634.6 647.0 651.8 632.6 619.0 606.3 598.8 604.4 614.4 607.6 588.8 23

24 Nonproduced nonfinancial assets -6.6 3.4 9.6 9.2 8.9 8.5 9.2 8.8 8.2 7.8 7.7 24

25 Net lending (+) or net borrowing (-) -1111.5 -1739.5 -1730.1 -1668.8 -1392.9 -981.1 -1386.9 -434.8 -1076.1 -1026.6 -1152.7 25

26 Net acquisition of financial assets 522.8 268.8 343.5 -139.8 145.8 208.2 271.3 253.8 -78.9 386.7 139.2 26

27 U.S. official reserve assets 4.2 51.9 1.6 16.2 4.3 -3.3 3.3 -1.0 -4.2 -11.2 -14.4 27

28 Checkable deposits and currency 321.6 -155.0 154.5 -240.8 -2.3 76.1 4.9 118.4 -160.1 341.0 -24.3 28

29 Time and savings deposits 17.2 10.0 -6.3 15.0 19.4 12.2 14.6 -6.3 30.5 10.1 20.4 29

30 Money market fund shares 2.6 9.8 13.7 3.4 5.4 4.9 14.5 10.1 -3.6 -1.6 7.7 30

31 Security repurchase agreements -12.1 -4.3 -1.4 -3.6 4.7 4.3 12.0 8.5 -2.4 -0.8 6.6 31

32 Credit market instruments 42.6 291.6 140.0 0.6 97.0 111.9 210.4 143.5 44.1 49.4 151.4 32

33 Open market paper -22.0 -39.1 13.0 -11.2 -7.2 -7.8 -2.6 -5.3 -12.2 -11.1 -6.6 33

34 Agency- and GSE-backed securities (3) 36.0 151.6 -24.7 -126.0 -41.1 -12.6 17.9 3.2 -38.9 -32.5 -4.5 34

35 Municipal securities 0.4 1.0 1.4 0.3 0.3 0.2 1.0 0.7 -0.5 -0.3 0.5 35

36 Corporate and foreign bonds -5.7 3.9 7.7 -0.9 3.2 2.6 12.7 8.1 -6.3 -4.1 5.6 36

37 Mortgages 9.2 21.0 6.8 5.9 7.7 8.4 24.4 10.9 -3.0 1.3 9.6 37

38 Consumer credit 19.5 87.9 133.1 128.5 132.1 113.1 148.2 117.2 97.7 89.2 140.5 38

39 Other loans and advances (4) 5.2 65.2 2.7 4.0 2.1 7.9 8.8 8.7 7.3 6.9 6.4 39

40 Corporate equities 248.5 -1.8 23.8 37.7 -11.4 -3.4 1.7 1.6 -13.6 -3.3 2.4 40

41 Mutual fund shares -0.7 1.7 2.8 0.2 0.9 0.7 3.5 2.3 -1.7 -1.1 1.5 41

42 Trade receivables -11.2 -25.7 12.4 7.1 8.4 7.3 -5.4 25.6 4.8 4.1 -0.6 42

43 Taxes receivable -56.8 30.1 28.2 22.9 14.0 -14.3 -3.6 -47.0 11.3 -18.0 -28.0 43

44 Miscellaneous assets -33.2 60.6 -25.9 1.7 5.4 11.8 15.2 -1.9 16.1 18.1 16.4 44

45 Net increase in liabilities 1634.2 2008.4 2073.6 1529.0 1538.7 1189.3 1658.2 688.6 997.2 1413.2 1291.8 45

46 SDR allocations 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 SDR certificates 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Treasury currency -0.8 -0.4 -0.3 0.0 0.0 -0.4 0.0 0.0 -1.4 0.0 0.0 48

49 Credit market instruments 1302.8 1573.5 1642.1 1047.0 1095.3 734.0 1203.0 306.8 150.7 1275.4 861.5 49

50 Savings bonds -2.4 -2.8 -3.3 -2.7 -2.8 -3.3 -2.5 -3.7 -3.3 -3.6 -2.9 50

51 Treasury bills and other Treasury securities (4) 1287.9 1464.0 1576.0 1102.2 1104.2 777.1 1134.9 276.2 270.4 1426.9 886.8 51

52 Budget agency securities 0.2 0.1 0.7 1.1 -0.4 -0.4 -1.0 1.3 0.5 -2.4 -1.9 52

53 Municipal securities 17.1 112.2 68.7 -53.6 -5.7 -39.4 71.7 33.0 -116.9 -145.4 -20.5 53

54 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 54

55 Trade payables 61.2 -17.3 44.7 47.8 54.3 57.9 42.0 71.0 65.3 53.3 35.9 55

56 Insurance reserves 1.0 1.1 0.9 1.3 0.3 0.3 0.2 0.8 -0.5 0.5 -0.0 56

57 Miscellaneous liabilities (5) 270.1 400.7 386.2 432.8 388.7 397.5 412.9 310.1 783.0 84.0 394.5 57

58 Discrepancy 118.8 8.0 -51.4 32.2 -112.6 -93.8 198.6 -520.5 -105.6 52.5 112.6 58

 Memo:

59 Net govt. saving less fixed investment (6) -1434.8 -2168.7 -2218.6 -2093.9 -1981.3 -1579.5 -1681.7 -1455.1 -1690.3 -1491.0 -1555.0 59

60 Adjustment between NIPA and FOF (7) 323.3 429.2 488.6 425.2 588.4 598.4 294.8 1020.4 614.2 464.4 402.3 60

61 Items to be financed (8) -1111.5 -1739.5 -1730.1 -1668.8 -1392.9 -981.1 -1386.9 -434.8 -1076.1 -1026.6 -1152.7 61

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(2) Table F.9, line 60 less line 12.

(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(4) Excludes transactions with state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Line 16 less line 23.

(7) Line 17 less the sum of lines 18, 19, 20, 24, and 58.

(8) Line 59 plus line 60.
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L.105.c Consolidated Statement for Federal, State, and Local Governments

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3296.1 3451.7 3756.6 3563.7 3729.4 3996.9 3800.7 3889.6 3890.3 3996.9 4040.3 1

 2 U.S. official reserve assets 41.9 94.6 95.4 103.9 102.8 96.4 99.0 98.2 99.2 96.4 95.8 2

 3 Checkable deposits and currency 447.8 292.7 446.8 205.8 209.8 287.2 194.5 247.6 204.5 287.2 263.5 3

 4 Time and savings deposits 239.8 249.9 243.6 258.5 291.9 304.1 295.5 293.9 301.6 304.1 309.2 4

 5 Money market fund shares 125.7 135.5 149.2 152.6 158.0 162.9 161.7 164.2 163.3 162.9 164.8 5

 6 Security repurchase agreements 129.8 125.5 124.1 120.5 125.2 129.6 128.2 130.4 129.8 129.6 131.2 6

 7 Credit market instruments 1340.8 1628.9 1769.5 1767.7 1862.8 1973.6 1920.8 1942.1 1967.4 1973.6 2017.2 7

 8 Open market paper 127.5 88.4 101.4 90.2 83.0 75.2 82.4 81.1 78.0 75.2 73.6 8

 9 Agency- and GSE-backed securities (1) 532.8 684.4 659.7 533.7 492.6 480.1 497.1 497.9 488.2 480.1 479.0 9

10 Municipal securities 10.4 11.4 12.8 13.1 13.4 13.6 13.6 13.8 13.7 13.6 13.7 10

11 Corporate and foreign bonds 152.8 156.6 164.4 163.5 166.7 169.3 169.8 171.9 170.3 169.3 170.7 11

12 Mortgages 283.1 300.6 308.0 311.5 317.3 324.6 323.1 325.5 324.5 324.6 326.8 12

13 Consumer credit 135.1 223.1 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 770.9 13

14 Other loans and advances (2) 99.1 164.3 167.0 171.0 173.1 181.0 175.3 177.4 179.2 181.0 182.6 14

15 Corporate equities 279.5 178.8 175.7 182.2 178.3 200.1 188.1 190.5 192.3 200.1 202.1 15

16 Mutual fund shares 36.2 48.3 58.1 58.9 66.1 79.8 71.8 73.4 75.7 79.8 80.9 16

17 Trade receivables 208.5 182.8 195.1 202.2 210.6 217.9 211.2 217.2 218.1 217.9 219.6 17

18 Taxes receivable 242.4 250.9 262.1 272.8 279.9 289.6 282.2 284.8 287.4 289.6 296.2 18

19 Miscellaneous assets 203.7 263.9 237.0 238.5 243.9 255.7 247.7 247.2 251.2 255.7 259.8 19

20 Total liabilities 13512.1 15120.6 17243.2 18740.8 19997.0 20579.8 20236.3 20246.3 20399.2 20579.8 20919.8 20

21 SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 21

22 SDR certificates 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 22

23 Treasury currency 26.6 26.2 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 23

24 Credit market instruments 8602.8 10176.3 11818.4 12865.4 13960.8 14694.7 14302.9 14269.5 14334.9 14694.7 14950.4 24

25 Savings bonds 194.1 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 25

26 Treasury bills and other Treasury securities (3) 5542.7 7006.7 8582.7 9684.9 10789.0 11566.1 11117.7 11093.2 11192.7 11566.1 11832.6 26

27 Budget agency securities 23.3 23.5 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 27

28 Municipal securities 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 28

29 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 29

30 Trade payables 852.4 835.1 879.9 927.7 982.0 1040.0 1001.4 1019.9 1034.3 1040.0 1058.2 30

31 Insurance reserves 46.4 47.5 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 31

32 Miscellaneous liabilities (4) 3974.2 3974.9 4411.0 4812.6 4918.8 4709.7 4797.8 4822.4 4895.0 4709.7 4775.6 32

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.
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F.115.g Life Insurance Companies: General Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Net acquisition of financial assets 132.8 92.1 126.9 176.4 56.5 84.6 71.5 31.7 80.7 154.5 234.1 1

 2 Checkable deposits and currency 21.8 -27.4 -2.0 3.0 1.4 -4.8 4.5 -38.7 36.2 -21.2 12.1 2

 3 Money market fund shares 17.5 -5.5 -12.7 7.9 -1.4 -5.9 -27.4 -6.2 10.0 0.1 -5.0 3

 4 Security repurchase agreements 5.2 2.2 0.7 -0.8 -1.6 -0.0 -6.9 -0.5 5.4 2.0 -7.7 4

 5 Credit market instruments 12.5 139.0 111.7 122.4 37.9 70.1 37.4 72.6 48.4 121.8 127.0 5

 6 Open market paper 0.1 15.5 -12.0 -12.6 15.9 1.4 -20.7 -6.4 7.2 25.4 -10.2 6

 7 Treasury securities 36.3 26.1 15.2 10.3 1.3 -11.3 -18.3 -10.8 -8.0 -8.2 12.1 7

 8 Agency- and GSE-backed securities -36.5 2.7 -5.6 -1.5 -4.9 -6.6 -5.2 -5.4 -10.9 -4.7 -8.3 8

 9 Municipal securities 3.0 25.9 39.5 9.2 9.0 9.2 9.6 9.7 7.2 10.3 -0.5 9

10 Corporate and foreign bonds -22.5 93.4 83.4 93.3 1.6 57.0 72.5 64.3 25.1 66.1 115.6 10

11 Other loans and advances 20.2 -12.6 -0.2 7.9 1.9 3.5 -3.3 6.9 3.5 7.0 4.9 11

12 Mortgages 12.0 -12.0 -8.6 15.8 13.1 16.9 2.9 14.4 24.3 25.9 13.5 12

13 Corporate equities 5.1 1.5 4.0 0.3 -2.5 0.8 -9.3 6.5 -15.6 21.7 2.0 13

14 Mutual fund shares -1.8 -0.1 -0.1 0.7 0.2 -0.2 -0.7 -0.1 0.0 0.0 0.0 14

15 Miscellaneous assets 72.4 -17.6 25.3 43.0 22.5 24.6 73.9 -1.9 -3.7 30.0 105.7 15

16 Net increase in liabilities 122.3 12.4 91.2 151.2 17.8 68.7 46.8 38.2 86.8 102.8 201.1 16

17 Security repurchase agreements -7.3 -0.5 -2.2 0.1 3.1 -0.8 0.5 0.6 -1.8 -2.5 -4.2 17

18 Corporate equity issues -10.7 -0.9 -4.8 -11.5 -9.9 -9.2 -6.6 -9.7 -10.7 -9.6 -13.2 18

19 Other loans and advances 26.2 -6.6 -3.2 1.8 4.8 7.8 5.2 6.5 -2.9 22.5 7.7 19

20 Life insurance reserves 53.0 36.8 32.0 73.0 -6.2 28.3 10.1 26.5 44.3 32.4 63.3 20

21 Pension entitlements (1) 66.3 -89.7 41.7 28.8 3.0 30.6 9.4 9.8 47.0 56.0 72.2 21

22 Taxes payable (net) -19.7 -7.0 2.6 5.2 -4.6 -2.3 -0.6 -6.7 0.0 -1.8 6.1 22

23 Miscellaneous liabilities 14.4 80.3 25.2 53.8 27.7 14.2 28.9 11.2 10.9 5.9 69.3 23

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 23).

F.115.s Life Insurance Companies: Separate Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 33.2 24.3 54.6 52.6 70.5 18.1 25.4 -70.3 95.2 21.9 23.7 1

 2 Checkable deposits and currency 2.6 -4.7 3.0 -0.9 1.3 -4.4 -4.7 -4.6 -4.3 -4.1 0.0 2

 3 Credit market instruments -0.9 0.8 39.9 3.0 36.4 4.7 4.5 4.6 4.7 5.2 0.8 3

 4 Open market paper -3.5 -4.0 3.1 1.4 -2.0 1.8 1.7 1.8 1.8 1.8 0.0 4

 5 Treasury securities -1.1 1.6 8.0 8.5 4.2 2.0 1.6 1.6 1.6 3.2 0.0 5

 6 Agency- and GSE-backed securities 19.8 3.1 9.6 -0.0 -8.5 -2.0 -1.7 -1.7 -1.7 -2.9 0.0 6

 7 Municipal securities 2.7 0.2 -0.3 0.2 0.7 0.5 0.5 0.5 0.5 0.4 0.2 7

 8 Corporate and foreign bonds -23.0 4.2 19.5 -6.2 43.3 0.6 0.5 0.6 0.6 0.6 0.6 8

 9 Other loans and advances 0.0 -0.0 -0.0 -0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Mortgages 4.3 -4.3 -0.0 -0.8 -1.1 1.9 1.8 1.9 2.0 2.0 0.0 10

11 Corporate equities 76.7 31.9 41.6 37.5 17.7 12.6 12.1 12.7 12.8 12.8 28.6 11

12 Mutual fund shares -8.9 0.1 1.1 0.4 1.1 1.5 2.0 1.4 1.4 1.4 1.4 12

13 Miscellaneous assets -36.3 -3.8 -31.0 12.7 13.9 3.6 11.5 -84.4 80.6 6.6 -7.1 13

14 Net increase in liabilities 30.8 19.8 53.8 52.5 72.7 18.5 27.5 -70.9 95.7 21.6 23.8 14

15 Life insurance reserves 11.1 -10.5 -18.4 6.9 -5.9 1.4 1.4 1.4 1.4 1.4 2.6 15

16 Pension entitlements (1) 41.2 44.0 51.3 49.2 69.7 16.9 27.5 16.5 11.8 11.6 3.8 16

17 Miscellaneous liabilities -21.6 -13.6 20.8 -3.5 8.9 0.2 -1.4 -88.8 82.4 8.6 17.3 17

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 17).
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L.115.g Life Insurance Companies: General Accounts

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3157.2 3208.3 3335.5 3512.5 3570.3 3657.0 3591.0 3599.7 3630.2 3657.0 3715.6 1

 2 Checkable deposits and currency 61.8 34.4 32.4 35.3 36.7 31.9 37.8 28.1 37.2 31.9 34.9 2

 3 Money market fund shares 39.2 33.7 21.0 28.8 27.5 21.6 20.6 19.1 21.6 21.6 20.3 3

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

 5 Credit market instruments 2636.2 2775.3 2887.0 3009.3 3047.3 3117.3 3056.1 3076.2 3092.4 3117.3 3148.8 5

 6 Open market paper 17.7 33.2 21.2 8.6 24.5 25.9 19.8 19.7 24.0 25.9 23.8 6

 7 Treasury securities 87.6 113.7 128.9 139.2 140.5 129.2 135.9 133.2 131.2 129.2 132.2 7

 8 Agency- and GSE-backed securities 286.5 289.2 283.5 282.0 277.1 270.5 275.8 274.4 271.7 270.5 268.4 8

 9 Municipal securities 42.9 68.8 108.3 117.5 126.6 135.7 129.0 131.4 133.2 135.7 135.6 9

10 Corporate and foreign bonds 1708.3 1814.3 1897.7 1991.0 1992.6 2049.6 2010.8 2026.8 2033.1 2049.6 2078.6 10

11 Other loans and advances 165.5 140.4 140.2 148.1 150.0 153.6 149.2 150.9 151.8 153.6 154.8 11

12 Mortgages 327.8 315.7 307.1 322.9 336.0 352.8 335.7 339.7 347.4 352.8 355.3 12

13 Corporate equities 110.1 70.3 74.3 75.3 74.0 76.5 75.2 76.0 77.3 76.5 77.8 13

14 Mutual fund shares 2.2 2.4 2.6 3.1 3.4 3.7 3.4 3.4 3.5 3.7 3.7 14

15 Miscellaneous assets 299.7 282.1 307.4 350.5 372.9 397.5 391.1 390.3 390.3 397.5 423.5 15

16 Total liabilities 2898.3 2911.6 3007.6 3170.3 3198.0 3275.9 3211.4 3223.4 3247.8 3275.9 3329.5 16

17 Security repurchase agreements 12.9 12.4 10.3 10.4 13.5 12.7 13.7 13.8 13.4 12.7 11.7 17

18 Other loans and advances 54.9 48.3 45.1 46.8 51.6 59.4 52.9 54.5 53.8 59.4 61.3 18

19 Life insurance reserves 932.7 969.5 1001.5 1074.5 1068.3 1096.6 1070.8 1077.4 1088.5 1096.6 1112.4 19

20 Pension entitlements (1) 1256.7 1167.0 1208.7 1237.4 1240.4 1270.9 1242.8 1245.2 1257.0 1270.9 1289.0 20

21 Taxes payable (net) -24.4 -31.4 -28.8 -23.6 -28.3 -30.5 -28.4 -30.1 -30.1 -30.5 -29.0 21

22 Miscellaneous liabilities 665.4 745.7 771.0 824.8 852.5 866.7 859.7 862.6 865.3 866.7 884.1 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).

L.115.s Life Insurance Companies: Separate Accounts

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

 1 Total financial assets 1357.2 1615.6 1832.4 1827.6 2044.4 2320.3 2147.6 2151.1 2226.8 2320.3 2340.8 1

 2 Checkable deposits and currency 21.0 16.3 19.3 18.4 19.7 15.3 18.5 17.4 16.3 15.3 15.3 2

 3 Credit market instruments 246.6 247.4 287.3 290.2 326.6 331.4 327.8 328.9 330.1 331.4 331.6 3

 4 Open market paper 20.6 16.6 19.7 21.1 19.1 20.9 19.5 20.0 20.4 20.9 20.9 4

 5 Treasury securities 18.1 19.8 27.7 36.2 40.4 42.4 40.8 41.2 41.6 42.4 42.4 5

 6 Agency- and GSE-backed securities 79.7 82.8 92.4 92.4 83.8 81.8 83.4 83.0 82.6 81.8 81.8 6

 7 Municipal securities 4.2 4.3 4.0 4.3 4.9 5.4 5.1 5.2 5.3 5.4 5.5 7

 8 Corporate and foreign bonds 108.8 112.9 132.5 126.2 169.6 170.1 169.7 169.9 170.0 170.1 170.3 8

 9 Other loans and advances 0.6 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 9

10 Mortgages 14.7 10.4 10.3 9.6 8.5 10.4 8.9 9.4 9.8 10.4 10.4 10

11 Corporate equities 891.6 1138.1 1328.2 1314.9 1471.0 1717.9 1563.1 1586.5 1635.0 1717.9 1739.1 11

12 Mutual fund shares 118.8 138.4 153.1 147.0 155.9 181.1 164.2 165.4 172.4 181.1 181.9 12

13 Miscellaneous assets 79.3 75.5 44.5 57.2 71.1 74.7 74.0 52.9 73.0 74.7 72.9 13

14 Total liabilities 1366.7 1620.7 1836.6 1831.9 2050.8 2327.0 2154.5 2157.8 2233.7 2327.0 2347.5 14

15 Life insurance reserves 200.7 225.0 228.4 227.8 240.7 269.7 249.3 252.2 258.8 269.7 272.1 15

16 Pension entitlements (1) 962.5 1183.4 1359.9 1364.3 1547.9 1770.8 1633.4 1655.1 1698.5 1770.8 1783.2 16

17 Miscellaneous liabilities 203.5 212.2 248.4 239.8 262.1 286.5 271.8 250.6 276.5 286.5 292.2 17

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 17).
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F.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Net acquisition of financial assets (1) 57.1 57.3 53.3 50.9 50.7 50.7 50.7 50.7 50.7 50.7 50.7 1

 2 Checkable deposits and currency -4.2 -2.6 2.7 1.8 -0.4 -0.3 -0.1 -0.5 -0.7 0.1 0.6 2

 3 Time and savings deposits -5.5 3.4 -0.2 1.2 -1.3 -0.9 -0.2 -1.4 -2.0 0.1 1.9 3

 4 Money market fund shares -15.1 0.4 -5.1 -0.3 -1.5 -0.9 -0.2 -1.6 -2.1 0.2 -0.8 4

 5 Security repurchase agreements -1.0 0.2 -0.2 0.0 -0.1 -0.1 -0.0 -0.1 -0.2 0.0 0.2 5

 6 Credit market instruments -52.9 4.1 71.7 78.0 3.0 32.9 11.1 38.0 40.8 41.7 -1.4 6

 7 Open market paper -7.9 3.2 -1.0 1.1 -1.7 -4.2 -0.2 -1.5 -8.0 -7.2 2.3 7

 8 Treasury securities -10.9 12.7 7.4 19.3 27.1 25.9 36.5 31.1 19.0 16.8 10.4 8

 9 Agency- and GSE-backed securities -23.3 -6.6 2.7 14.3 12.4 9.3 7.5 9.2 9.9 10.7 -1.4 9

10 Corporate and foreign bonds -3.1 -3.3 61.4 45.8 -32.9 4.1 -30.7 1.4 22.0 23.7 -10.9 10

11 Mortgages -7.7 -2.0 1.2 -2.4 -1.9 -2.2 -2.0 -2.2 -2.2 -2.3 -1.7 11

12 Corporate equities -70.1 -41.8 -4.1 -65.4 1.9 -25.5 -12.8 -24.2 -27.3 -37.8 -7.3 12

13 Mutual fund shares 52.0 -8.0 -10.8 12.5 0.7 -10.3 11.0 -9.4 -10.6 -32.4 -2.8 13

14 Miscellaneous assets 154.0 101.7 -0.4 23.1 48.4 55.8 41.8 49.8 52.8 78.8 60.4 14

15 Unallocated insurance contracts (2) 4.0 -2.4 -8.2 12.7 1.1 -0.6 0.5 -0.5 1.3 -3.7 1.5 15

16 Contributions receivable 16.7 -5.3 13.4 1.7 -0.7 -1.2 0.5 -0.1 -0.9 -4.3 -0.4 16

17 Claims of pension fund on sponsor (3) 123.0 82.7 -14.9 -12.5 50.1 54.9 48.9 36.4 50.2 84.1 32.6 17

18 Other 10.2 26.8 9.3 21.2 -2.1 2.7 -8.0 14.1 2.1 2.7 26.7 18

19 Net increase in pension entitlements (liabilities) (4) 57.5 57.3 53.4 50.8 50.7 50.7 50.7 50.7 50.7 50.7 50.7 19

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

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

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

(4) Actuarial value of accrued defined benefit pension entitlements.

F.117.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 69.2 92.2 129.1 35.5 74.4 93.8 67.1 129.3 90.0 88.9 93.4 1

 2 Checkable deposits and currency -1.3 -0.3 -0.5 4.0 0.1 -0.3 -0.0 2.2 -0.8 -2.4 0.5 2

 3 Time and savings deposits 1.3 -0.6 -0.7 0.2 -0.5 0.3 0.2 -0.2 1.2 0.2 -0.1 3

 4 Money market fund shares 20.3 -9.1 -5.0 17.2 -2.4 -0.6 -0.1 -0.4 -3.8 2.0 -5.8 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 48.1 8.6 51.5 -4.8 9.4 11.9 17.5 32.0 3.5 -5.4 -1.5 6

 7 Open market paper 2.0 -2.2 -1.7 1.1 -1.1 0.2 2.1 -1.2 1.3 -1.3 3.1 7

 8 Treasury securities 17.3 22.2 25.9 8.5 20.9 14.3 23.6 20.6 8.5 4.4 5.4 8

 9 Agency- and GSE-backed securities 23.1 0.2 3.8 -11.0 4.7 4.3 1.8 7.1 3.7 4.8 -6.0 9

10 Corporate and foreign bonds 6.0 -11.2 22.0 -1.2 -14.4 -6.3 -9.3 6.1 -9.2 -12.7 -3.3 10

11 Mortgages -0.3 -0.4 1.6 -2.2 -0.7 -0.7 -0.7 -0.7 -0.8 -0.5 -0.7 11

12 Corporate equities -3.0 -53.6 29.3 1.6 9.5 30.1 27.4 39.0 21.3 32.5 2.5 12

13 Mutual fund shares 33.5 64.5 45.9 -11.0 54.0 37.3 27.9 36.1 54.0 31.3 42.3 13

14 Miscellaneous assets -29.7 82.6 8.6 28.5 4.3 15.1 -5.8 20.6 14.6 30.8 55.5 14

15 Unallocated insurance contracts (2) -17.9 82.5 1.2 5.0 4.9 8.2 6.0 6.4 9.9 10.6 23.2 15

16 Contributions receivable -2.0 -3.1 2.1 1.3 -0.1 0.3 0.4 0.5 -0.2 0.4 -0.5 16

17 Other -9.8 3.2 5.4 22.2 -0.5 6.6 -12.2 13.8 4.9 19.8 32.8 17

18 Net increase in pension entitlements (liabilities) 69.2 92.2 129.1 35.5 74.4 93.8 67.1 129.3 90.0 88.9 93.4 18

(1) Includes 401(k) type plans.

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

F.226.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total held at: 248.3 136.5 51.8 -26.6 94.2 -136.8 -396.7 -125.1 242.2 -267.8 ND 1

 2 U.S.-chartered depository institutions 44.2 30.7 26.6 20.3 24.4 -0.4 -15.4 38.4 2.3 -26.9 ND 2

 3 Credit unions 7.2 8.7 3.0 1.2 1.4 -0.7 0.1 0.1 -0.1 -2.8 ND 3

 4 Life insurance companies 23.3 -12.4 17.4 12.2 12.2 16.7 6.0 -6.9 21.1 46.5 ND 4

 5 Money market mutual funds 47.0 -42.0 -24.0 9.0 7.0 10.0 -24.0 56.0 24.0 -16.0 ND 5

 6 Mutual funds -117.0 149.7 124.2 43.0 86.4 103.0 176.0 -31.1 119.8 147.1 ND 6

 7 Other self-directed accounts 243.6 1.8 -95.4 -112.4 -37.2 -265.4 -539.4 -181.6 75.0 -415.8 ND 7

(1) Assets of the household sector (F.100). IRA assets are not included in pension entitlements (table F.226), except for those at life insurance companies. Figures for depositories (lines 2 and 3)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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L.117.b Private Pension Funds: Defined Benefit Plans

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets (1) 2572.9 2626.3 2835.7 2916.6 3017.8 3068.5 3030.5 3043.2 3055.8 3068.5 3081.2 1

 2 Checkable deposits and currency 7.7 5.0 7.7 9.5 9.1 8.8 9.0 8.9 8.8 8.8 8.9 2

 3 Time and savings deposits 24.3 27.7 27.5 28.7 27.4 26.6 27.4 27.0 26.5 26.6 27.0 3

 4 Money market fund shares 39.5 39.8 34.7 34.3 32.8 31.9 32.7 32.3 31.8 31.9 31.6 4

 5 Security repurchase agreements 2.8 2.9 2.7 2.7 2.6 2.5 2.6 2.5 2.5 2.5 2.6 5

 6 Credit market instruments 539.4 543.5 615.1 693.2 696.2 729.1 699.0 708.5 718.7 729.1 728.8 6

 7 Open market paper 28.0 31.2 30.2 31.3 29.6 25.4 29.5 29.2 27.2 25.4 26.0 7

 8 Treasury securities 99.3 112.1 119.4 138.8 165.8 191.7 174.9 182.7 187.5 191.7 194.3 8

 9 Agency- and GSE-backed securities 122.8 116.3 119.0 133.3 145.8 155.1 147.6 149.9 152.4 155.1 154.7 9

10 Corporate and foreign bonds 270.2 266.9 328.3 374.1 341.1 345.2 333.4 333.8 339.3 345.2 342.5 10

11 Mortgages 19.0 17.0 18.2 15.8 13.9 11.8 13.4 12.9 12.3 11.8 11.3 11

12 Corporate equities 726.1 863.8 1010.7 929.5 1035.5 1227.5 1104.7 1115.3 1167.0 1227.5 1247.2 12

13 Mutual fund shares 257.3 322.9 349.8 356.6 397.3 471.0 427.9 431.9 452.0 471.0 478.5 13

14 Miscellaneous assets 975.9 820.6 787.5 862.0 817.0 571.2 727.2 716.7 648.6 571.2 556.5 14

15 Unallocated insurance contracts (2) 54.6 57.8 53.0 64.5 68.8 73.9 71.3 71.4 73.0 73.9 74.6 15

16 Contributions receivable 55.1 49.8 63.1 64.8 64.1 62.9 64.2 64.2 63.9 62.9 62.8 16

17 Claims of pension fund on sponsor (3) 677.4 497.6 446.5 486.6 440.2 187.7 349.7 335.6 265.7 187.7 165.8 17

18 Other 188.7 215.5 224.8 246.0 244.0 246.7 242.0 245.5 246.0 246.7 253.4 18

19 Pension entitlements (liabilities) (4) 2608.2 2662.7 2872.2 2953.1 3054.3 3105.0 3067.0 3079.7 3092.4 3105.0 3117.7 19

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

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

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

(4) Actuarial value of accrued defined benefit pension entitlements.

L.117.c Private Pension Funds: Defined Contribution Plans (1)

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

 1 Total financial assets 2687.5 3314.3 3754.6 3725.9 4103.8 4905.1 4391.3 4479.1 4669.6 4905.1 4983.2 1

 2 Checkable deposits and currency 5.7 5.4 4.8 8.8 8.9 8.7 8.9 9.5 9.3 8.7 8.8 2

 3 Time and savings deposits 5.9 5.3 4.6 4.7 4.2 4.5 4.3 4.2 4.5 4.5 4.5 3

 4 Money market fund shares 116.8 107.6 102.6 119.8 117.4 116.8 117.4 117.3 116.3 116.8 115.4 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 243.4 252.0 303.5 298.6 308.1 320.0 312.5 320.5 321.3 320.0 319.6 6

 7 Open market paper 16.3 14.1 12.4 13.5 12.4 12.6 12.9 12.6 12.9 12.6 13.4 7

 8 Treasury securities 48.1 70.3 96.2 104.7 125.6 139.8 131.5 136.6 138.7 139.8 141.2 8

 9 Agency- and GSE-backed securities 67.5 67.7 71.4 60.4 65.1 69.5 65.6 67.4 68.3 69.5 68.0 9

10 Corporate and foreign bonds 104.4 93.2 115.1 114.0 99.6 93.3 97.2 98.8 96.5 93.3 92.5 10

11 Mortgages 7.2 6.7 8.4 6.1 5.5 4.8 5.3 5.1 4.9 4.8 4.6 11

12 Corporate equities 654.3 783.3 927.6 896.6 1006.1 1256.3 1101.1 1123.1 1179.2 1256.3 1270.1 12

13 Mutual fund shares 1104.9 1504.7 1734.9 1696.1 1943.4 2449.5 2125.2 2176.8 2303.4 2449.5 2500.5 13

14 Miscellaneous assets 556.7 656.1 676.6 701.2 715.7 749.4 721.9 727.8 735.5 749.4 764.3 14

15 Unallocated insurance contracts (2) 228.3 327.6 340.6 341.7 356.8 383.7 366.0 368.3 374.8 383.7 390.5 15

16 Contributions receivable 28.9 25.8 27.9 29.2 29.1 29.3 29.2 29.3 29.2 29.3 29.2 16

17 Other 299.4 302.7 308.1 330.3 329.8 336.4 326.7 330.2 331.4 336.4 344.6 17

18 Pension entitlements (liabilities) 2687.5 3314.3 3754.6 3725.9 4103.8 4905.1 4391.3 4479.1 4669.6 4905.1 4983.2 18

(1) Includes 401(k) type plans.

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

L.226.i Individual Retirement Accounts (IRAs) (1)

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

 1 Total held at: 3681.0 4488.0 5029.0 5001.0 5561.0 6521.0 5852.0 5910.0 6193.0 6521.0 ND 1

 2 U.S.-chartered depository institutions 326.0 356.7 383.3 403.6 428.0 427.6 424.2 433.8 434.4 427.6 ND 2

 3 Credit unions 65.5 74.2 77.2 78.4 79.9 79.2 79.9 79.9 79.9 79.2 ND 3

 4 Life insurance companies 376.0 399.0 435.0 441.0 472.0 523.0 487.0 488.0 500.0 523.0 ND 4

 5 Money market mutual funds 268.0 226.0 202.0 211.0 218.0 228.0 212.0 226.0 232.0 228.0 ND 5

 6 Mutual funds 1276.0 1669.0 1936.0 1898.0 2156.0 2619.0 2308.0 2319.0 2454.0 2619.0 ND 6

 7 Other self-directed accounts 1369.5 1763.1 1995.5 1968.9 2207.1 2644.2 2341.0 2363.3 2492.8 2644.2 ND 7

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension entitlements (table L.226), except for those at life insurance companies. Figures for depositories

 (lines 2 and 3) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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F.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Net acquisition of financial assets 2.2 29.7 -0.8 8.1 14.1 13.3 -5.3 19.9 24.8 13.6 29.3 1

 2 Checkable deposits and currency 2.1 10.3 -4.1 -2.3 4.1 1.0 -2.8 7.0 19.1 -19.1 -3.4 2

 3 Credit market instruments 2.4 6.2 0.7 2.3 1.5 -1.9 -11.2 1.4 -0.3 2.4 3.1 3

 4 Corporate and foreign bonds 0.2 2.1 0.4 -0.6 -0.2 -1.8 -4.0 -0.3 -1.0 -2.0 0.6 4

 5 Mortgages 2.2 4.0 0.4 2.9 1.6 -0.1 -7.1 1.7 0.6 4.4 2.5 5

 6 Home 0.0 0.0 0.0 0.1 0.0 0.0 -0.1 0.0 -0.0 0.1 -0.1 6

 7 Multifamily residential 0.2 -0.2 0.0 -0.0 0.1 -0.0 -0.2 0.9 -0.2 -0.6 -0.1 7

 8 Commercial 2.0 4.2 0.3 2.9 1.5 -0.1 -6.9 0.7 0.9 4.9 2.7 8

 9 Miscellaneous assets -2.3 13.2 2.6 8.1 8.5 14.2 8.7 11.5 6.1 30.3 29.6 9

10 Net increase in liabilities 2.3 2.9 -0.4 37.4 38.5 36.4 -3.2 20.2 48.0 80.5 49.7 10

11 Credit market instruments 7.9 6.6 0.1 32.8 33.9 34.5 3.9 20.5 38.8 74.8 47.6 11

12 Corporate bonds -1.4 4.7 1.0 13.2 27.6 28.9 3.7 10.0 35.4 66.5 29.1 12

13 Depository institution loans n.e.c. 2.5 -9.8 -1.8 6.1 1.4 -2.2 -20.4 5.9 17.8 -11.9 10.7 13

14 Mortgages 6.8 11.8 0.8 13.5 4.8 7.8 20.6 4.6 -14.3 20.2 7.8 14

15 Multifamily residential 2.3 2.3 0.4 0.1 -1.1 3.3 18.3 -0.6 -1.7 -2.7 -1.8 15

16 Commercial 4.5 9.5 0.4 13.3 6.0 4.5 2.3 5.2 -12.7 22.9 9.5 16

17 Miscellaneous liabilities -5.5 -3.8 -0.5 4.6 4.6 1.9 -7.1 -0.4 9.2 5.7 2.2 17

F.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets -69.8 -17.3 40.5 123.1 146.9 -100.7 10.4 -43.0 -150.4 -220.0 -13.4 1

 2 Checkable deposits and currency -0.3 2.1 -1.6 4.8 3.6 -2.3 25.1 -20.6 -9.4 -4.4 -0.9 2

 3 Credit market instruments -71.0 -16.4 43.3 117.9 126.1 -95.8 -28.0 -47.3 -80.6 -227.5 -29.0 3

 4 Agency- and GSE-backed securities 0.7 15.6 38.2 104.7 109.5 -95.6 -46.7 -73.4 -82.7 -179.7 -33.7 4

 5 Corporate and foreign bonds -23.0 2.2 6.8 4.4 9.7 1.6 17.1 -0.1 2.1 -12.6 -5.3 5

 6 Mortgages -48.8 -34.2 -1.7 8.8 6.9 -1.9 1.7 26.1 -0.0 -35.2 10.1 6

 7 Home -46.1 -25.3 0.1 10.9 6.8 -3.3 0.9 18.3 0.0 -32.4 4.4 7

 8 Multifamily residential -1.1 -1.8 -0.3 -0.2 0.1 0.5 1.3 1.7 -0.2 -0.6 -0.7 8

 9 Commercial -1.6 -7.1 -1.5 -1.9 -0.0 0.9 -0.4 6.1 0.1 -2.2 6.4 9

10 Miscellaneous assets 1.5 -3.0 -1.2 0.4 17.2 -2.6 13.2 24.9 -60.4 11.8 16.5 10

11 Net increase in liabilities -71.2 -24.6 34.4 93.1 124.9 -83.8 -10.6 -24.4 -150.3 -150.0 -18.1 11

12 Security repurchase agreements -12.3 11.1 29.9 97.7 102.4 -66.6 5.8 -48.9 -84.1 -139.3 -47.2 12

13 Credit market instruments -61.7 -34.2 -0.1 -7.2 1.6 8.7 4.1 19.0 -0.8 12.5 2.7 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 -58.9 -31.4 -0.0 -5.7 -0.9 9.5 7.2 16.7 -0.8 15.0 1.2 15

16 Depository institution loans n.e.c. -2.8 -2.8 -0.0 -1.5 2.5 -0.8 -3.1 2.4 0.0 -2.5 1.5 16

17 Miscellaneous liabilities 2.8 -1.5 4.6 2.5 20.9 -25.9 -20.5 5.5 -65.4 -23.2 26.4 17

 Memo:

18 Securitized assets included above -46.7 -26.8 -0.5 -3.8 1.3 2.6 1.3 7.1 1.4 0.8 -1.0 18

19 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Home mortgages -40.6 -25.7 1.1 -0.7 3.7 4.0 1.7 8.2 0.5 5.7 -0.2 20

21 Multifamily residential mortgages -0.0 -0.0 -0.0 -0.0 -0.0 0.0 0.1 -0.0 -0.0 -0.1 -0.2 21

22 Commercial mortgages -6.1 -1.1 -1.6 -3.0 -2.4 -1.4 -0.6 -1.0 0.9 -4.8 -0.7 22
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L.127.e Equity Real Estate Investment Trusts (REITs)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 65.4 95.1 94.3 102.3 116.4 129.7 115.1 120.1 126.3 129.7 137.0 1

 2 Checkable deposits and currency 13.1 23.4 19.3 17.0 21.1 22.1 20.4 22.1 26.9 22.1 21.3 2

 3 Credit market instruments 14.4 20.6 21.3 23.6 25.0 23.1 22.2 22.6 22.5 23.1 23.8 3

 4 Corporate and foreign bonds 2.9 5.0 5.4 4.8 4.6 2.8 3.6 3.5 3.3 2.8 2.9 4

 5 Mortgages 11.5 15.5 15.9 18.8 20.4 20.3 18.6 19.0 19.2 20.3 20.9 5

 6 Home 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 6

 7 Multifamily residential 0.5 0.3 0.3 0.3 0.4 0.3 0.3 0.5 0.5 0.3 0.3 7

 8 Commercial 10.9 15.1 15.5 18.3 19.9 19.8 18.1 18.3 18.5 19.8 20.4 8

 9 Miscellaneous assets 37.9 51.1 53.7 61.8 70.3 84.5 72.5 75.4 76.9 84.5 91.9 9

10 Total liabilities 344.3 347.2 346.8 384.1 422.6 459.0 421.8 426.9 438.9 459.0 471.4 10

11 Credit market instruments 294.1 300.8 300.9 333.6 367.5 402.0 368.5 373.6 383.3 402.0 413.9 11

12 Corporate bonds 102.6 107.3 108.4 121.6 149.2 178.1 150.2 152.7 161.5 178.1 185.4 12

13 Depository institution loans n.e.c. 28.0 18.2 16.4 22.5 23.9 21.7 18.8 20.3 24.7 21.7 24.4 13

14 Mortgages 163.5 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 204.1 14

15 Multifamily residential 25.1 27.3 27.8 27.9 26.7 30.0 31.3 31.1 30.7 30.0 29.6 15

16 Commercial 138.4 147.9 148.3 161.7 167.7 172.1 168.3 169.6 166.4 172.1 174.5 16

17 Miscellaneous liabilities 50.2 46.4 45.9 50.5 55.1 57.0 53.3 53.2 55.5 57.0 57.5 17

L.127.m Mortgage Real Estate Investment Trusts (REITs)

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

 1 Total financial assets 185.2 167.7 208.1 331.1 477.8 376.9 480.4 469.6 432.0 376.9 373.6 1

 2 Checkable deposits and currency 5.3 7.4 5.8 10.7 14.2 11.9 20.5 15.3 13.0 11.9 11.7 2

 3 Credit market instruments 163.1 146.6 189.9 307.6 433.5 337.6 426.5 414.6 394.4 337.6 330.3 3

 4 Agency- and GSE-backed securities 89.6 105.2 143.4 248.1 357.6 261.9 345.9 327.5 306.9 261.9 253.5 4

 5 Corporate and foreign bonds 8.7 11.0 17.8 22.2 31.9 33.6 36.2 36.2 36.7 33.6 32.2 5

 6 Mortgages 64.8 30.5 28.7 37.3 44.1 42.1 44.4 50.9 50.9 42.1 44.6 6

 7 Home 34.2 8.8 8.8 19.6 26.3 22.9 26.4 31.0 31.0 22.9 23.9 7

 8 Multifamily residential 3.8 2.0 1.6 1.4 1.5 2.0 1.8 2.2 2.2 2.0 1.9 8

 9 Commercial 26.8 19.7 18.2 16.3 16.3 17.2 16.2 17.7 17.7 17.2 18.8 9

10 Miscellaneous assets 16.7 13.7 12.5 12.8 30.1 27.5 33.4 39.6 24.5 27.5 31.6 10

11 Total liabilities 167.3 142.7 177.2 270.3 395.2 311.4 392.5 386.4 348.9 311.4 306.8 11

12 Security repurchase agreements 79.4 90.5 120.4 218.1 320.6 254.0 322.0 309.8 288.8 254.0 242.2 12

13 Credit market instruments 73.3 39.1 39.0 31.9 33.5 42.2 34.5 39.2 39.0 42.2 42.8 13

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

15 Corporate bonds 68.4 37.1 37.0 31.3 30.4 39.9 32.2 36.4 36.1 39.9 40.2 15

16 Depository institution loans n.e.c. 4.8 2.0 2.0 0.5 3.1 2.3 2.3 2.9 2.9 2.3 2.6 16

17 Miscellaneous liabilities 14.7 13.2 17.8 20.3 41.2 15.2 36.0 37.4 21.1 15.2 21.9 17

 Memo:

18 Securitized assets included above 45.4 18.6 18.1 14.3 15.6 18.3 16.0 17.7 18.1 18.3 18.0 18

19 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Home mortgages 31.8 6.1 7.2 6.5 10.2 14.2 10.6 12.6 12.8 14.2 14.1 20

21 Multifamily residential mortgages 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 21

22 Commercial mortgages 13.2 12.2 10.6 7.5 5.2 3.8 5.0 4.8 5.0 3.8 3.6 22