F EDERAL RESERVE S TATISTICAL RELEASE

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

March 6, 2014

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

Historical Annual Tables

1965–1974

B OARD O F G OVERNORS O F THE F EDERAL R ESERVE S YSTEM

i

Title Table Page

Summaries

Total Credit Market Borrowing and Lending F.1 1

Credit Market Borrowing by Nonfinancial Sectors F.2 2

Credit Market Borrowing by Financial Sectors F.3 2

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

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

Credit Market Debt Outstanding L.1 4

Credit Market Debt Owed by Nonfinancial Sectors L.2 5

Credit Market Debt Owed by Financial Sectors L.3 5

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

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

Distribution of Gross Domestic Product F.6 7

Distribution of National Income F.7 8

Saving and Investment F.8 9

Net Capital Transfers F.9 10

Derivation of Measures of Personal Saving F.10 11

Assets and Liabilities of the Personal Sector L.10 12

Title

Flows Levels

Table Page Table Page

Sectors

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

Nonfinancial Business F.101 14 L.101 62

Nonfinancial Corporate Business F.102 15 L.102 63

Nonfinancial Noncorporate Business F.103 16 L.103 64

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

Federal Government F.105 18 L.105 66

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

Financial Business F.107 20 L.107 68

Monetary Authority F.108 21 L.108 69

Private Depository Institutions F.109 22 L.109 70

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

Unions F.110 23 L.110 71

List of Data Tables
ii

Sectors

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

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

Credit Unions F.113 25 L.113 73

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

Life Insurance Companies F.115 26 L.115 74

Private and Public Pension Funds F.116 27 L.116 75

Private Pension Funds F.117 28 L.117 76

State and Local Government Employee Retirement 

Funds F.118 29 L.118 77

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

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

Mutual Funds F.121 30 L.121 78

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

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

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

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

Finance Companies F.126 32 L.126 80

Real Estate Investment Trusts F.127 33 L.127 81

Security Brokers and Dealers F.128 34 L.128 82

Holding Companies F.129 35 L.129 83

Funding Corporations F.130 36 L.130 84

Instruments

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

Special Drawing Rights (SDRs) Certificates and Treasury 

Currency F.201 37 L.201 85

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

Net Interbank Transactions F.203 38 L.203 86

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

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

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

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

Open Market Paper F.208 42 L.208 90

Treasury Securities F.209 43 L.209 91

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

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

Instruments

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

Corporate Equities F.213 47 L.213 95

Mutual Fund Shares F.214 47 L.214 95

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

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

Total Mortgages F.217 50 L.217 98

Home Mortgages F.218 51 L.218 99

Multifamily Residential Mortgages F.219 51 L.219 99

Commercial Mortgages F.220 52 L.220 100

Farm Mortgages F.221 52 L.221 100

Consumer Credit F.222 53 L.222 101

Trade Credit F.223 54 L.223 102

Security Credit F.224 54 L.224 102

Life Insurance Reserves F.225 55 L.225 103

Pension Entitlements F.226 55 L.226 103

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

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

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

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

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

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

Sector Discrepancies F.11 60

Instrument Discrepancies F.12 60

Title

Balance Sheet Reconciliation

Table Page Table Page

Balance Sheet and Changes in Net Worth

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

Nonfinancial Corporate Business B.102 109 R.102 112

Nonfarm Noncorporate Business B.103 110 R.103 113
iv

Title

Flows Levels

Table Page Table Page

Supplementary Tables

Balance Sheet of Households and Nonprofit 

Organizations with Equity Detail B.100.e 114

Consolidated Statement for Federal, State, and Local 

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

Life Insurance Companies: General Accounts F.115.g 117 L.115.g 118

Life Insurance Companies: Separate Accounts F.115.s 117 L.115.s 118

Private Pension Funds: Defined Benefit Plans F.117.b 119 L.117.b 120

Private Pension Funds: Defined Contribution Plans F.117.c 119 L.117.c 120

Individual Retirement Accounts (IRAs) F.226.i 119 L.226.i 120

Equity Real Estate Investment Trusts F.127.e 121 L.127.e 122

Mortgage Real Estate Investment Trusts F.127.m 121 L.127.m 122

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy-Current Account S.1.a 123

Selected Aggregates for Total Economy and Sectors S.2.a 124

Households and Nonprofit Institutions Serving Households S.3.a 126

Nonfinancial Noncorporate Business S.4.a 129

Nonfinancial Corporate Business S.5.a 132

Financial Business S.6.a 135

Federal Government S.7.a 138

State and Local Governments S.8.a 141

Rest of the World S.9.a 144
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Historical Annuals, 1965-1974, March 6, 2014 1

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Credit market borrowing 78.3 80.1 80.8 105.5 119.2 110.4 149.9 183.5 236.7 238.9 1

 2 Domestic nonfinancial sectors 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 174.3 2

 3 Household sector 27.9 22.2 23.8 28.2 31.2 19.3 42.3 55.1 68.9 56.5 3

 4 Nonfinancial corporate business 20.7 24.9 21.6 32.0 33.0 41.2 28.2 40.1 76.0 55.3 4

 5 Nonfinancial noncorporate business 9.3 9.7 10.3 11.0 15.3 6.7 22.6 31.4 17.9 37.1 5

 6 State and local governments 7.6 6.9 7.3 8.8 12.1 12.1 16.4 14.0 14.1 13.4 6

 7 Federal government 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 7

 8 Rest of the world 2.5 1.9 3.9 2.7 3.2 2.8 5.1 4.4 6.3 13.8 8

 9 Financial sectors 8.7 10.9 0.9 10.3 27.5 16.3 10.4 23.5 46.6 50.8 9

 10 U.S.-chartered depository institutions 1.5 1.2 -1.7 1.2 4.7 2.7 -1.2 0.4 8.8 14.6 10

 11 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 11

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

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

 14 Government-sponsored enterprises 2.1 4.8 -0.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 14

 15 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 15

 16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Finance companies 4.9 4.4 2.4 4.3 8.1 3.6 2.8 7.7 9.4 7.0 17

 18 REITs 0.0 0.0 0.0 0.8 0.7 0.7 1.9 4.6 4.9 0.3 18

 19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Holding companies 0.0 0.0 0.0 0.0 4.3 -0.8 0.8 2.6 3.2 5.2 20

 21 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Credit market lending 78.3 80.1 80.8 105.5 119.2 110.4 149.9 183.5 236.7 238.9 22

 23 Domestic nonfinancial sectors 9.3 23.7 8.6 20.0 46.3 6.5 0.6 9.2 35.2 63.4 23

 24 Household sector 3.9 19.7 5.3 8.2 39.0 2.4 -9.8 -3.2 24.8 42.3 24

 25 Nonfinancial corporate business -0.2 -1.0 -1.4 2.5 -1.2 1.9 8.0 2.6 -3.4 8.6 25

 26 Nonfinancial noncorporate business 0.3 -0.1 -0.0 0.2 0.4 0.7 1.3 1.2 0.2 -0.2 26

 27 State and local governments 2.5 -0.0 0.2 3.8 5.0 -1.3 -1.7 6.7 9.7 6.5 27

 28 Federal government 2.9 5.1 4.6 5.2 3.1 2.8 2.8 1.8 3.9 6.2 28

 29 Rest of the world 0.5 -0.1 2.8 2.6 0.6 11.8 27.9 10.3 1.5 5.1 29

 30 Financial sectors 68.5 56.5 69.4 82.9 72.3 92.1 121.5 164.0 200.0 170.4 30

 31 Monetary authority 4.0 3.1 5.3 3.9 4.2 5.0 7.4 1.6 9.3 4.9 31

 32 U.S.-chartered depository institutions 41.8 25.5 49.2 52.5 26.3 49.6 85.1 110.4 113.1 87.3 32

 33 Foreign banking offices in U.S. 0.2 0.5 0.7 0.4 1.6 3.5 0.0 0.6 4.8 9.1 33

 34 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.1 0.3 0.3 0.1 0.5 34

 35 Credit unions 1.0 1.1 0.9 1.5 2.1 1.4 2.0 2.9 3.6 2.7 35

 36 Property-casualty insurance companies 1.0 1.5 1.4 1.9 1.6 3.8 3.8 3.7 3.4 4.6 36

 37 Life insurance companies 7.6 8.1 7.4 7.3 6.9 7.0 8.2 9.7 12.3 12.9 37

 38 Private pension funds 1.9 2.8 0.9 1.1 0.8 2.0 -1.6 5.5 6.2 8.9 38

 39 State and local govt. retirement funds 2.9 3.7 3.3 3.4 3.8 4.1 3.3 4.6 5.7 6.3 39

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

 41 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 41

 42 Mutual funds 0.7 1.3 -0.8 -0.2 1.0 0.6 -0.2 0.5 0.6 0.8 42

 43 Closed-end funds 0.0 -0.0 0.1 0.4 -0.0 -0.7 0.6 0.3 0.5 -0.2 43

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

 45 Government-sponsored enterprises 2.3 5.1 -0.0 3.2 8.6 8.8 1.1 4.0 15.4 20.9 45

 46 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 46

 47 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

 48 Finance companies 4.8 2.3 0.5 5.2 8.6 2.3 6.1 9.9 11.9 5.4 48

 49 REITs 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 49

 50 Brokers and dealers -0.2 0.8 -0.3 0.6 0.1 2.3 -1.4 1.3 1.6 0.2 50

 51 Holding companies 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 51

 52 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 52

(1) Excludes corporate equities and mutual fund shares.
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2 Historical Annuals, 1965-1974, March 6, 2014

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Domestic 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 174.3 1

 2 By instrument 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 174.3 2

 3 Commercial paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 3

 4 Treasury securities 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 4

 5 Agency- and GSE-backed securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 5

 6 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 6

 7 Corporate bonds 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 7

 8 Depository institution loans n.e.c. 12.0 11.6 8.3 12.0 12.4 5.8 6.6 15.7 36.2 35.0 8

 9 Other loans and advances 4.1 5.1 2.8 5.3 14.6 4.7 4.8 6.7 14.1 17.1 9

 10 Mortgages 27.5 23.7 23.6 29.2 30.3 30.7 48.5 71.4 77.4 62.1 10

 11 Home 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 11

 12 Multifamily residential 3.6 3.1 3.5 3.4 4.8 8.0 9.7 12.6 10.3 6.8 12

 13 Commercial 4.5 5.8 4.8 6.6 5.9 8.2 10.0 16.9 19.4 14.6 13

 14 Farm 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 14

 15 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 15

 16 By sector 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 174.3 16

 17 Household sector 27.9 22.2 23.8 28.2 31.2 19.3 42.3 55.1 68.9 56.5 17

 18 Nonfinancial business 30.0 34.6 32.0 43.0 48.3 47.9 50.8 71.5 93.9 92.4 18

 19 Corporate 20.7 24.9 21.6 32.0 33.0 41.2 28.2 40.1 76.0 55.3 19

 20 Noncorporate 9.3 9.7 10.3 11.0 15.3 6.7 22.6 31.4 17.9 37.1 20

 21 State and local governments 7.6 6.9 7.3 8.8 12.1 12.1 16.4 14.0 14.1 13.4 21

 22 Federal government 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 22

 23 Foreign borrowing in U.S. 2.5 1.9 3.9 2.7 3.2 2.8 5.1 4.4 6.3 13.8 23

 24 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 24

 25 Bonds 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 25

 26 Depository institution loans n.e.c. 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 26

 27 Other loans and advances 1.5 1.2 3.0 2.0 2.4 2.1 2.1 0.4 2.6 6.6 27

 28 Domestic and foreign 69.6 69.1 80.0 95.1 91.7 94.1 139.5 160.0 190.1 188.1 28

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 8.7 10.9 0.9 10.3 27.5 16.3 10.4 23.5 46.6 50.8 1

 2 Open market paper 1.2 3.7 2.7 3.0 11.4 0.3 0.8 0.9 7.0 13.4 2

 3 GSE issues 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 3

 4 Agency- and GSE-backed mortgage pool sec. 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 4

 5 Corporate bonds 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 5

 6 Depository institution loans n.e.c. 3.3 -0.6 -0.4 1.7 1.4 2.2 1.6 6.3 6.8 1.9 6

 7 Other loans and advances 0.9 0.7 -2.6 1.1 3.7 1.3 -2.7 0.0 7.2 7.4 7

 8 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 8

 9 By sector 8.7 10.9 0.9 10.3 27.5 16.3 10.4 23.5 46.6 50.8 9

 10 U.S.-chartered depository institutions 1.5 1.2 -1.7 1.2 4.7 2.7 -1.2 0.4 8.8 14.6 10

 11 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 11

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

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

 14 Government-sponsored enterprises 2.1 4.8 -0.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 14

 15 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 15

 16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Finance companies 4.9 4.4 2.4 4.3 8.1 3.6 2.8 7.7 9.4 7.0 17

 18 REITs 0.0 0.0 0.0 0.8 0.7 0.7 1.9 4.6 4.9 0.3 18

 19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Holding companies 0.0 0.0 0.0 0.0 4.3 -0.8 0.8 2.6 3.2 5.2 20

 21 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21
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Historical Annuals, 1965-1974, March 6, 2014 3

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total 78.3 80.1 80.8 105.5 119.2 110.4 149.9 183.5 236.7 238.9 1

 2 Open market paper 0.9 4.6 4.2 4.2 12.5 2.1 -0.1 1.6 8.4 17.8 2

 3 Treasury securities 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 3

 4 Agency- and GSE-backed securities 2.6 6.9 4.3 6.9 7.4 8.8 4.9 9.3 20.4 21.0 4

 5 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 5

 6 Corporate and foreign bonds 6.5 12.5 16.8 14.6 14.0 23.2 24.5 20.6 15.5 29.0 6

 7 Depository institution loans n.e.c. 15.9 10.9 7.6 13.3 13.5 7.8 10.2 25.0 45.8 41.6 7

 8 Other loans and advances 6.4 7.1 3.2 8.4 20.7 8.1 4.2 7.2 23.9 31.1 8

 9 Mortgages 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 9

 10 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

 11 Total net issues 1.7 4.1 2.8 3.9 8.9 7.1 14.9 11.7 12.0 5.8 11

 12 Corporate equities -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 12

 13 Nonfinancial -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 13

 Foreign shares purchased by

 14 U.S. residents 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 14

 15 Financial -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 15

 16 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 16

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

Billions of dollars

 Net flows through credit markets

 1 (from table F.4, line 1) 78.3 80.1 80.8 105.5 119.2 110.4 149.9 183.5 236.7 238.9 1

 2 U.S. official reserve assets 0.4 0.0 1.1 2.0 0.2 -0.8 -0.8 1.3 -0.2 1.5 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 3

 4 Treasury currency 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 4

 5 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 5

 6 Net interbank transactions 0.6 6.1 2.0 6.0 12.9 -3.7 -2.9 -5.6 -0.1 -0.5 6

 7 Checkable deposits and currency 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 7

 8 Small time and savings deposits 27.3 18.0 34.7 26.6 14.4 30.6 68.4 70.7 39.4 36.9 8

 9 Large time deposits 5.9 2.3 5.9 6.7 -15.1 24.2 13.5 17.7 39.1 41.0 9

 10 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 10

 11 Security repurchase agreements 0.8 -0.0 -0.7 0.6 5.9 -3.6 3.7 1.6 15.8 1.5 11

 12 Corporate equities -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 12

 13 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 13

 14 Trade payables 13.8 11.0 9.4 17.2 23.7 10.0 16.7 28.5 47.9 36.7 14

 15 Security credit 1.1 0.8 7.0 6.6 -6.7 -0.8 3.8 8.7 -7.9 -3.6 15

 16 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 16

 17 Pension entitlements 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 17

 18 Taxes payable 2.1 -0.9 -4.4 1.3 -1.5 -2.0 4.1 3.9 5.4 9.0 18

 19 Noncorporate proprietors’ equity 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 9.5 -27.4 19

 20 Miscellaneous 27.7 25.6 35.1 39.3 49.6 61.9 71.4 87.9 88.1 75.7 20

 21 Total financial sources 210.0 201.0 240.6 291.5 286.6 309.7 433.7 514.6 588.3 516.4 21

 - Liabilities not identified as assets:

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

 23 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Net interbank liabilities 0.2 0.9 -0.3 0.7 0.3 -0.0 -2.2 -5.4 0.7 2.1 24

 25 Security repurchase agreements -0.6 -2.7 0.5 1.6 -1.0 2.8 1.4 0.3 2.3 8.4 25

 26 Taxes payable 0.8 0.5 0.6 0.2 1.7 0.6 1.4 2.5 2.3 7.3 26

 27 Miscellaneous -6.9 -2.4 -4.7 -6.7 -3.7 -5.6 -9.5 -19.6 -14.3 -6.0 27

 - Floats not included in assets:

 28 Checkable deposits: State and local govt. 1.3 0.3 -0.2 2.0 -1.2 1.2 -1.1 0.2 0.3 0.0 28

 29 Federal govt. 0.4 -0.0 0.6 1.0 -0.9 -1.0 -0.4 0.6 0.3 -0.1 29

 30 Private domestic 0.1 2.1 -0.2 1.5 2.1 0.2 2.0 4.5 -0.6 0.4 30

 31 Trade credit -0.9 -4.7 -2.5 -3.2 -3.2 1.1 3.5 -1.4 -1.0 1.1 31

 Totals identified to sectors

 32 as assets 215.5 206.8 246.5 294.1 292.4 310.5 438.6 533.1 598.4 503.2 32
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4 Historical Annuals, 1965-1974, March 6, 2014

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total credit market debt owed by: 1106.9 1187.3 1268.0 1372.9 1490.6 1599.6 1749.5 1933.5 2170.8 2408.0 1

 2 Domestic nonfinancial sectors 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.1 2

 3 Household sector 340.6 363.1 386.8 415.2 445.0 460.3 503.2 558.2 628.2 684.5 3

 4 Nonfinancial corporate business 207.2 232.0 253.6 284.8 317.8 361.6 389.7 430.3 496.0 550.9 4

 5 Nonfinancial noncorporate business 95.6 105.3 115.6 126.6 141.9 148.6 171.2 202.6 230.1 267.2 5

 6 State and local governments 103.2 110.0 117.4 126.1 138.3 150.3 166.7 180.7 194.8 208.2 6

 7 Federal government 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 7

 8 Rest of the world 37.4 39.4 43.3 46.0 49.2 52.0 56.5 61.1 67.4 81.2 8

 9 Financial sectors 61.4 72.3 73.2 83.5 111.0 127.3 137.8 161.3 207.9 257.6 9

 10 U.S.-chartered depository institutions 10.3 11.5 9.8 11.1 15.7 18.5 17.3 17.7 26.5 41.0 10

 11 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 11

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

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

 14 Government-sponsored enterprises 14.2 19.0 18.4 21.9 30.6 38.9 40.0 43.5 59.8 77.1 14

 15 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 15

 16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Finance companies 35.3 39.7 42.1 46.4 54.6 58.2 61.0 68.7 78.1 85.1 17

 18 REITs 0.0 0.0 0.0 0.8 1.5 2.2 4.1 8.8 13.7 14.0 18

 19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Holding companies 0.0 0.0 0.0 0.0 4.3 3.4 4.2 6.8 10.0 15.2 20

 21 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Total credit market assets held by: 1106.9 1187.3 1268.0 1372.9 1490.6 1599.6 1749.5 1933.5 2170.8 2408.0 22

 23 Domestic nonfinancial sectors 272.2 296.3 304.7 324.5 369.7 374.8 375.3 384.5 420.2 483.5 23

 24 Household sector 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 24

 25 Nonfinancial corporate business 33.1 32.1 30.7 33.2 32.0 33.9 42.0 44.6 42.9 47.8 25

 26 Nonfinancial noncorporate business 4.0 4.0 4.0 4.2 4.5 5.2 6.5 7.7 7.9 7.7 26

 27 State and local governments 27.5 27.5 27.6 31.4 36.4 35.1 33.4 40.1 49.8 56.4 27

 28 Federal government 37.6 42.7 47.3 52.2 55.4 58.2 60.3 62.1 64.8 72.1 28

 29 Rest of the world 17.4 17.3 20.0 22.6 23.2 35.0 62.8 73.2 74.7 79.8 29

 30 Financial sectors 817.2 873.7 943.2 1025.8 1097.8 1189.8 1311.4 1475.9 1675.9 1844.7 30

 31 Monetary authority 40.6 43.7 49.1 53.0 57.2 62.2 69.6 71.2 80.5 85.3 31

 32 U.S.-chartered depository institutions 475.6 501.1 550.3 602.4 628.4 677.9 763.1 871.6 984.7 1071.8 32

 33 Foreign banking offices in U.S. 2.8 3.3 4.0 4.4 6.0 9.5 9.5 12.6 17.5 26.6 33

 34 Banks in U.S.-affiliated areas 0.6 0.7 0.9 1.0 1.2 1.3 1.6 1.9 2.0 2.5 34

 35 Credit unions 8.2 9.4 10.2 11.7 13.8 15.2 17.2 20.1 23.7 26.4 35

 36 Property-casualty insurance companies 20.6 22.0 23.5 25.4 27.0 30.9 34.6 38.3 41.8 46.4 36

 37 Life insurance companies 137.8 145.9 153.3 160.7 167.6 174.6 182.8 192.5 204.8 217.7 37

 38 Private pension funds 29.1 31.9 32.8 33.8 34.6 36.6 35.0 40.5 46.8 55.6 38

 39 State and local govt. retirement funds 31.3 34.9 38.3 41.6 45.5 49.6 52.9 57.4 63.1 69.4 39

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

 41 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 41

 42 Mutual funds 3.9 5.1 4.3 4.1 5.1 5.7 5.5 6.0 6.6 7.4 42

 43 Closed-end funds 2.1 2.0 2.2 2.6 2.6 1.8 2.4 2.7 3.3 3.0 43

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

 45 Government-sponsored enterprises 18.3 23.3 23.3 26.5 35.1 43.9 45.0 49.0 64.4 85.3 45

 46 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 46

 47 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

 48 Finance companies 42.7 44.9 45.5 50.6 59.2 61.5 67.6 77.5 89.4 94.8 48

 49 REITs 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 49

 50 Brokers and dealers 2.4 3.2 2.9 3.5 3.7 6.0 4.6 6.0 7.5 7.8 50

 51 Holding companies 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 51

 52 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 52

(1) Excludes corporate equities and mutual fund shares.
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Historical Annuals, 1965-1974, March 6, 2014 5

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Domestic 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.1 1

 2 By instrument 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.1 2

 3 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 3

 4 Treasury securities 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 4

 5 Agency- and GSE-backed securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 5

 6 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 6

 7 Corporate bonds 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 7

 8 Depository institution loans n.e.c. 79.6 91.1 99.5 111.4 124.3 130.1 137.9 154.0 190.3 225.3 8

 9 Other loans and advances 38.3 43.4 46.2 51.2 65.7 70.4 74.5 81.3 94.2 111.0 9

 10 Mortgages 334.5 358.5 381.9 411.1 439.4 468.7 517.1 588.6 665.0 726.8 10

 11 Home 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 11

 12 Multifamily residential 38.2 41.3 44.8 48.2 53.0 59.9 69.9 82.5 92.7 99.5 12

 13 Commercial 55.7 61.5 66.2 72.9 78.8 86.1 96.5 113.4 132.7 147.2 13

 14 Farm 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 14

 15 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 15

 16 By sector 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.1 16

 17 Household sector 340.6 363.1 386.8 415.2 445.0 460.3 503.2 558.2 628.2 684.5 17

 18 Nonfinancial business 302.7 337.2 369.2 411.4 459.7 510.1 560.9 632.9 726.2 818.2 18

 19 Corporate 207.2 232.0 253.6 284.8 317.8 361.6 389.7 430.3 496.0 550.9 19

 20 Noncorporate 95.6 105.3 115.6 126.6 141.9 148.6 171.2 202.6 230.1 267.2 20

 21 State and local governments 103.2 110.0 117.4 126.1 138.3 150.3 166.7 180.7 194.8 208.2 21

 22 Federal government 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 22

 Foreign credit market debt

 23 held in U.S. 37.4 39.4 43.3 46.0 49.2 52.0 56.5 61.1 67.4 81.2 23

 24 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 24

 25 Bonds 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 25

 26 Depository institution loans n.e.c. 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 26

 27 Other loans and advances 21.2 22.5 25.5 27.6 30.0 32.1 34.2 34.7 37.3 43.9 27

 28 Domestic and foreign 1045.4 1114.9 1194.8 1289.4 1379.6 1472.2 1611.8 1772.3 1962.9 2150.4 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 61.4 72.3 73.2 83.5 111.0 127.3 137.8 161.3 207.9 257.6 1

 2 Open market paper 11.9 15.7 18.4 21.4 32.8 33.1 33.8 34.7 41.7 55.1 2

 3 GSE issues 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 3

 4 Agency- and GSE-backed mortgage pool sec. 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 4

 5 Corporate bonds 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 5

 6 Depository institution loans n.e.c. 11.7 11.1 10.7 12.4 13.8 16.0 17.6 23.9 30.7 32.6 6

 7 Other loans and advances 6.3 7.0 4.4 5.5 9.3 10.6 7.9 8.0 15.1 22.5 7

 8 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 8

 9 By sector 61.4 72.3 73.2 83.5 111.0 127.3 137.8 161.3 207.9 257.6 9

 10 U.S.-chartered depository institutions 10.3 11.5 9.8 11.1 15.7 18.5 17.3 17.7 26.5 41.0 10

 11 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 11

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

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

 14 Government-sponsored enterprises 14.2 19.0 18.4 21.9 30.6 38.9 40.0 43.5 59.8 77.1 14

 15 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 15

 16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Finance companies 35.3 39.7 42.1 46.4 54.6 58.2 61.0 68.7 78.1 85.1 17

 18 REITs 0.0 0.0 0.0 0.8 1.5 2.2 4.1 8.8 13.7 14.0 18

 19 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Holding companies 0.0 0.0 0.0 0.0 4.3 3.4 4.2 6.8 10.0 15.2 20

 21 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21
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6 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total 1106.9 1187.3 1268.0 1372.9 1490.6 1599.6 1749.5 1933.5 2170.8 2408.0 1

 2 Open market paper 12.7 17.3 21.4 25.6 38.1 40.2 40.1 41.7 50.1 67.8 2

 3 Treasury securities 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 3

 4 Agency- and GSE-backed securities 17.4 24.2 28.5 35.4 42.9 51.7 56.6 65.9 86.2 106.1 4

 5 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 5

 6 Corporate and foreign bonds 123.1 135.7 152.5 167.1 181.1 204.3 228.8 249.4 264.9 293.9 6

 7 Depository institution loans n.e.c. 98.4 109.3 116.9 130.1 144.1 151.9 162.8 188.3 234.1 275.6 7

 8 Other loans and advances 65.9 72.9 76.1 84.3 105.0 113.1 116.7 123.9 146.6 177.4 8

 9 Mortgages 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 9

 10 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 10

 Memo:

 Selected claims not included above:

 11 Corporate equities 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 11

 12 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 1106.9 1187.3 1268.0 1372.9 1490.6 1599.6 1749.5 1933.5 2170.8 2408.0 1

 2 U.S. official reserve assets 1.6 1.6 2.8 4.8 5.1 4.3 3.8 5.2 5.5 7.0 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 3

 4 Treasury currency 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 4

 5 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 5

 6 Net interbank liabilities 27.6 33.7 35.7 41.6 49.7 46.1 43.2 39.4 39.3 38.8 6

 7 Checkable deposits and currency 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 7

 8 Small time and savings deposits 288.5 306.5 341.2 367.8 382.3 412.9 481.3 551.0 590.4 628.1 8

 9 Large time deposits 31.0 33.3 39.2 45.9 30.9 55.1 68.6 87.4 126.4 167.4 9

 10 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 10

 11 Security repurchase agreements -1.5 -1.5 -2.2 -1.6 4.6 1.0 4.7 6.2 22.0 23.6 11

 12 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 12

 13 Security credit 18.0 18.7 25.8 32.3 25.7 24.9 28.7 37.4 29.5 25.9 13

 14 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 14

 15 Pension entitlements 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 15

 16 Trade payables 132.5 143.6 152.9 170.2 193.8 203.8 220.4 248.8 306.5 255.0 16

 17 Taxes payable 20.1 19.2 14.8 16.0 14.5 12.5 16.6 20.5 25.9 32.8 17

 18 Miscellaneous 371.3 396.9 427.5 468.1 517.1 571.4 642.8 728.9 794.2 869.8 18

 19 Total liabilities 2727.9 2916.7 3151.9 3440.5 3699.3 4000.0 4437.2 4961.4 5476.4 5906.7 19

 + Financial assets not included in

 liabilities:

 20 Gold 14.1 13.2 12.1 10.9 11.9 11.1 10.2 10.5 11.7 11.7 20

 21 Corporate equities 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 21

 22 Household equity in noncorp. bus. 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 937.5 1050.4 22

 - Liabilities not identified as assets:

 23 Treasury currency -2.4 -2.2 -2.0 -1.7 -1.5 -1.6 -1.6 -1.7 -1.7 -1.9 23

 24 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Net interbank transactions -1.9 -0.9 -1.2 -0.5 -0.2 -0.2 -2.4 -7.7 -6.9 -4.9 25

 26 Security repurchase agreements -2.9 -5.6 -5.1 -3.4 -4.2 -1.4 -0.0 0.3 2.4 10.8 26

 27 Taxes payable 12.5 13.8 8.9 9.1 10.1 10.3 9.9 11.5 14.2 18.4 27

 28 Miscellaneous -14.6 -21.9 -22.1 -25.5 -39.0 -58.4 -63.8 -81.9 -89.7 -198.8 28

 - Floats not included in assets:

 29 Checkable deposits: State and local govt. 4.1 4.4 4.1 6.1 4.9 6.1 5.0 5.2 5.4 5.5 29

 30 Federal govt. 0.2 0.2 0.2 1.3 0.1 -0.3 -0.6 -0.2 0.1 -0.2 30

 31 Private domestic 10.2 12.2 12.1 13.6 15.7 15.9 17.9 22.4 21.8 22.2 31

 32 Trade credit -10.8 -15.3 -17.8 -21.1 -24.3 -23.2 -19.7 -21.1 -10.3 -41.8 32

 33 Totals identified to sectors as assets 3967.1 4123.8 4564.7 5057.4 5212.9 5549.1 6197.9 7049.9 7428.6 7791.9 33
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Historical Annuals, 1965-1974, March 6, 2014 7

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross Domestic Product (GDP) 743.7 815.0 861.7 942.5 1019.9 1075.9 1167.8 1282.4 1428.5 1548.8 1

 2 Personal consumption expenditures (2) 443.6 480.6 507.4 557.5 604.5 647.7 701.0 769.4 851.1 932.0 2

 3 Durable goods 66.4 71.7 74.0 84.8 90.5 90.0 102.4 116.4 130.5 130.2 3

 4 Nondurable goods 163.3 177.9 185.0 199.8 214.2 228.8 239.7 257.4 286.1 321.4 4

 5 Services 213.9 231.0 248.4 272.8 299.8 328.9 358.9 395.6 434.5 480.5 5

 6 Gross private domestic investment 129.6 144.2 142.7 156.9 173.6 170.1 196.8 228.1 266.9 274.5 6

 7 Fixed investment (3) 120.4 130.5 132.8 147.9 164.4 168.1 188.6 219.0 251.0 260.5 7

 8 Nonresidential 85.2 97.2 99.2 107.7 120.0 124.6 130.4 146.6 172.7 191.1 8

 9 Household sector (nonprofit organizations) 5.9 6.2 6.2 6.4 7.4 7.8 8.6 10.7 11.3 11.2 9

 10 Nonfinancial corporate business 60.6 71.0 73.0 79.8 88.6 91.5 94.4 106.6 124.5 140.4 10

 11 Nonfinancial noncorporate business 15.3 16.4 16.1 16.4 18.5 19.5 20.5 22.1 27.4 27.5 11

 12 Financial institutions 3.5 3.6 4.0 5.1 5.5 5.8 6.9 7.2 9.5 11.9 12

 13 Residential 35.2 33.4 33.6 40.2 44.4 43.4 58.2 72.4 78.3 69.5 13

 14 Household sector 26.2 25.0 25.5 29.4 31.1 29.7 40.0 49.5 55.4 50.5 14

 15 Nonfinancial corporate business 1.0 0.9 0.8 0.4 0.6 0.6 0.8 0.9 1.0 0.8 15

 16 Nonfinancial noncorporate business 7.9 7.5 7.3 10.3 12.7 13.1 17.3 21.9 21.9 18.1 16

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

 18 Change in private inventories 9.2 13.6 9.9 9.1 9.2 2.0 8.3 9.1 15.9 14.0 18

 19 Nonfinancial corporate business 8.0 13.4 8.6 7.4 8.7 2.7 6.4 8.4 13.7 15.8 19

 20 Nonfinancial noncorporate business 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 20

 21 Net U.S. exports of goods and services 5.6 3.9 3.6 1.3 1.4 3.9 0.6 -3.4 4.1 -0.8 21

 22 Exports 37.1 40.9 43.5 47.9 51.9 59.7 63.0 70.8 95.3 126.7 22

 23 - Imports 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 23

 Government consumption expenditures and

 24 gross investment 164.9 186.4 208.1 226.8 240.4 254.2 269.3 288.2 306.4 343.1 24

 25 Consumption expenditures (4) 117.0 132.8 150.4 167.5 180.9 194.4 210.8 227.6 240.7 267.0 25

 26 Federal 66.5 76.5 88.0 96.8 100.4 102.3 106.6 112.2 113.9 122.5 26

 27 State and local 50.6 56.4 62.4 70.7 80.4 92.1 104.2 115.4 126.8 144.5 27

 28 Gross investment (4) 47.9 53.6 57.7 59.2 59.5 59.8 58.5 60.7 65.6 76.2 28

 29 Federal 26.7 30.1 31.9 31.1 30.7 30.5 27.8 29.3 31.7 35.7 29

 30 State and local 21.2 23.5 25.7 28.1 28.8 29.3 30.7 31.3 34.0 40.5 30

 Memo:

 31 Net U.S. income receipts from rest of the world 5.3 5.1 5.4 6.1 6.1 6.4 7.6 8.6 12.6 15.5 31

 32 U.S. income receipts 7.9 8.1 8.7 10.1 11.8 12.8 14.0 16.3 23.5 29.8 32

 33 - U.S. income payments 2.6 3.0 3.3 4.0 5.7 6.4 6.4 7.7 10.9 14.3 33

 Gross National Product (GNP) =

 34 GDP + net U.S. income receipts 749.0 820.1 867.1 948.6 1026.0 1082.3 1175.4 1291.0 1441.2 1564.3 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 Household sector -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 35

 36 Nonfinancial corporate business -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 36

 37 State and local governments 1.3 1.4 1.4 1.4 1.0 1.1 1.6 1.7 1.7 1.9 37

 38 Federal governments 0.5 0.6 -0.2 -0.9 0.1 -0.3 -0.4 -0.7 -3.2 -5.7 38

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

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

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

(3) Structures, equipment, and intellectual property products.

(4) Government inventory investment is included in consumption expenditures.
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8 Historical Annuals, 1965-1974, March 6, 2014

F.7 Distribution of National Income (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 National Income 660.3 719.7 760.2 832.1 899.5 940.1 1017.0 1123.0 1257.0 1350.8 1

 2 Compensation of employees 406.3 450.3 482.9 532.1 586.0 625.1 667.0 733.6 815.0 890.3 2

 3 Wages and other labor income 393.3 433.4 464.9 512.2 563.3 601.3 640.6 702.5 775.3 845.6 3

 4 Employer social insurance contributions 13.1 16.8 18.0 20.0 22.8 23.8 26.4 31.2 39.8 44.7 4

 Proprietors’ income with inventory

 5 valuation and capital consumption adjustments 63.7 67.9 69.5 73.8 77.0 77.8 83.9 95.1 112.5 112.2 5

 Rental income of persons (with capital

 6 consumption adjustment) 19.3 19.9 20.3 20.1 20.4 20.7 21.9 22.8 23.3 23.3 6

 Corporate profits with inventory

 7 valuation and capital consumption adjustments 89.3 96.1 93.9 101.7 98.4 86.2 100.6 117.2 133.4 125.7 7

 Corporate profits with inventory

 8 valuation adjustment 81.9 88.3 86.1 94.3 90.8 79.7 94.7 109.3 126.6 123.3 8

 9 Profits before tax 83.1 90.4 87.6 97.9 96.7 86.3 99.3 115.9 146.1 161.5 9

 10 Domestic nonfinancial 69.1 75.1 71.6 79.4 76.4 63.7 73.5 86.9 110.1 123.3 10

 11 Domestic financial 9.3 10.7 11.2 12.9 13.6 15.5 17.9 19.5 21.1 20.8 11

 12 Rest of the world 4.7 4.5 4.8 5.6 6.6 7.1 7.9 9.5 14.9 17.5 12

 Less:

 13 Taxes on corporate income 31.1 33.9 32.9 39.6 40.0 34.8 38.2 42.3 50.0 52.8 13

 14 Domestic nonfinancial 27.1 29.5 27.8 33.5 33.3 27.3 30.0 33.8 40.4 42.8 14

 15 Domestic financial 3.9 4.4 5.1 6.1 6.6 7.5 8.2 8.5 9.6 9.9 15

 Equals:

 16 Profits after tax 52.0 56.5 54.7 58.3 56.7 51.5 61.1 73.5 96.2 108.7 16

 17 Net dividends 20.2 20.7 21.5 23.5 24.2 24.3 25.0 26.8 29.9 33.2 17

 18 Domestic nonfinancial 16.2 16.8 17.3 19.0 19.0 18.3 18.1 19.7 20.8 21.5 18

 19 Domestic financial 0.7 1.1 1.1 1.1 1.4 2.1 2.2 2.3 2.4 1.9 19

 20 Rest of the world 3.3 2.8 3.2 3.4 3.8 3.9 4.7 4.9 6.8 9.8 20

 21 Undistributed profits 31.8 35.8 33.2 34.7 32.4 27.2 36.1 46.7 66.3 75.5 21

 22 Domestic nonfinancial 25.8 28.9 26.5 26.8 24.1 18.1 25.4 33.4 49.0 58.9 22

 23 Domestic financial 4.7 5.3 5.1 5.7 5.6 5.9 7.5 8.6 9.2 8.9 23

 24 Rest of the world 1.4 1.7 1.6 2.3 2.8 3.2 3.2 4.6 8.1 7.7 24

 25 Inventory valuation adjustment -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 25

 26 Capital consumption adjustment 7.4 7.8 7.8 7.5 7.6 6.5 6.0 7.9 6.8 2.4 26

 27 Domestic nonfinancial 7.6 8.1 8.0 7.6 7.8 6.7 6.2 8.0 6.7 2.4 27

 28 Domestic financial -0.1 -0.2 -0.2 -0.1 -0.1 -0.2 -0.2 -0.1 0.1 0.0 28

 29 Net interest and miscellaneous payments 19.8 22.5 25.7 27.6 33.6 40.5 45.2 49.3 57.2 73.5 29

 30 Taxes on production and imports 60.7 63.2 67.9 76.4 83.9 91.4 100.5 107.9 117.2 124.9 30

 31 Less: Subsidies 3.0 3.9 3.8 4.2 4.5 4.8 4.7 6.6 5.2 3.3 31

 32 Business current transfer payments (net) 3.5 3.4 3.6 4.2 4.8 4.4 4.2 4.8 5.7 6.8 32

 33 Current surplus of government enterprises 0.7 0.3 0.2 0.3 0.0 -1.2 -1.7 -1.2 -2.2 -2.7 33

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

 34 National Income, from line 1 above 660.3 719.7 760.2 832.1 899.5 940.1 1017.0 1123.0 1257.0 1350.8 34

 Plus:

 35 Private consumption of fixed capital 61.6 67.2 73.3 80.6 89.4 98.3 107.6 117.5 131.5 153.2 35

 36 Government consumption of fixed capital 26.4 28.1 30.2 32.7 35.4 38.5 41.2 43.4 46.6 53.0 36

 37 Statistical discrepancy 0.8 5.1 3.4 3.2 1.6 5.4 9.5 7.1 6.1 7.4 37

 Less:

 38 Net U.S. income receipts from rest of the world 5.3 5.1 5.4 6.1 6.1 6.4 7.6 8.6 12.6 15.5 38

 Equals:

 39 Gross Domestic Product 743.7 815.0 861.7 942.5 1019.9 1075.9 1167.8 1282.4 1428.5 1548.8 39

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
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Historical Annuals, 1965-1974, March 6, 2014 9

F.8 Saving and Investment by Sector (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 182.9 196.4 200.4 214.5 233.1 228.2 246.2 277.7 335.3 349.3 1

 2 Net saving 94.9 101.1 96.9 101.2 108.2 91.4 97.3 116.8 157.3 143.1 2

 3 Net private saving 96.3 102.9 111.7 110.7 109.2 123.2 147.5 157.2 185.3 181.4 3

 4 Domestic business 38.0 41.6 39.5 38.6 34.2 27.2 37.5 48.0 53.5 39.7 4

 5 Nonfinancial corporate business 33.5 36.5 34.6 33.1 28.7 21.4 30.1 39.4 43.9 30.5 5

 6 Financial business 4.5 5.1 4.9 5.5 5.5 5.8 7.3 8.7 9.6 9.2 6

 7 Households and institutions 58.3 61.4 72.2 72.1 75.0 96.1 110.1 109.2 131.8 141.7 7

 8 Net government saving -1.4 -1.8 -14.8 -9.5 -1.0 -31.8 -50.2 -40.5 -28.0 -38.3 8

 9 Federal -5.5 -7.0 -19.5 -13.7 -5.1 -34.8 -50.8 -48.9 -37.7 -40.6 9

 10 State and local 4.1 5.2 4.7 4.3 4.1 3.0 0.6 8.4 9.6 2.3 10

 11 Consumption of fixed capital 88.0 95.3 103.5 113.3 124.9 136.8 148.9 160.9 178.1 206.2 11

 12 Private 61.6 67.2 73.3 80.6 89.4 98.3 107.6 117.5 131.5 153.2 12

 13 Domestic business 50.9 55.6 60.9 67.0 74.2 81.8 89.4 97.2 108.2 126.1 13

 14 Nonfinancial corporate business 35.8 39.4 43.5 48.1 53.5 59.3 64.7 70.2 78.2 91.4 14

 15 Nonfinancial noncorporate business 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 15

 16 Financial business 1.6 1.8 2.0 2.3 2.6 3.0 3.4 3.8 4.5 5.4 16

 17 Households and institutions 10.7 11.5 12.4 13.6 15.2 16.5 18.2 20.3 23.3 27.0 17

 18 Government 26.4 28.1 30.2 32.7 35.4 38.5 41.2 43.4 46.6 53.0 18

 19 Federal 20.0 21.0 22.4 24.1 25.8 27.6 29.0 30.1 31.7 34.7 19

 20 State and local 6.4 7.1 7.8 8.6 9.7 10.9 12.2 13.3 14.9 18.3 20

 Gross domestic investment, capital account

 21 transactions, and net lending, NIPAs 183.7 201.6 203.8 217.7 234.7 233.6 255.6 284.8 341.4 356.7 21

 22 Gross domestic investment 177.5 197.8 200.4 216.2 233.1 229.8 255.3 288.8 332.6 350.7 22

 23 Gross private domestic investment 129.6 144.2 142.7 156.9 173.6 170.1 196.8 228.1 266.9 274.5 23

 24 Domestic business 97.5 113.0 111.0 121.1 135.1 132.6 148.2 167.9 200.2 212.8 24

 25 Nonfinancial corporate business 69.7 85.3 82.4 87.6 97.9 94.8 101.5 116.0 139.2 157.1 25

 26 Nonfinancial noncorporate business 24.4 24.1 24.7 28.3 31.7 31.9 39.7 44.7 51.5 43.9 26

 27 Financial business 3.5 3.6 4.0 5.1 5.5 5.8 6.9 7.2 9.5 11.9 27

 28 Households and institutions 32.1 31.2 31.7 35.9 38.5 37.5 48.7 60.2 66.7 61.7 28

 29 Gross government investment 47.9 53.6 57.7 59.2 59.5 59.8 58.5 60.7 65.6 76.2 29

 30 Federal 26.7 30.1 31.9 31.1 30.7 30.5 27.8 29.3 31.7 35.7 30

 31 State and local 21.2 23.5 25.7 28.1 28.8 29.3 30.7 31.3 34.0 40.5 31

 32 Capital account transactions (net) (2) 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

 33 Private 1.8 1.8 2.7 3.5 3.5 3.8 4.5 5.7 7.9 9.9 33

 34 Domestic business -0.9 -1.0 -0.2 0.5 -0.4 -0.1 -0.1 0.1 2.6 5.0 34

 35 Nonfinancial corporate business -0.9 -1.0 -0.2 0.5 -0.4 -0.1 -0.1 0.1 2.6 5.0 35

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

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

 38 Households and institutions 2.6 2.8 2.9 3.0 3.9 3.9 4.5 5.5 5.3 4.9 38

 39 Government -1.8 -1.8 -2.7 -3.5 -3.5 -3.8 -4.5 -5.6 -7.9 -9.8 39

 40 Federal 1.7 2.0 1.0 2.0 2.4 1.3 0.9 -0.0 -2.3 -2.5 40

 41 State and local -3.5 -3.8 -3.7 -5.4 -5.9 -5.1 -5.4 -5.6 -5.6 -7.3 41

 42 Net lending (+) or net borrowing (-), NIPAs (3) 6.2 3.8 3.5 1.5 1.6 3.7 0.3 -4.1 8.8 5.9 42

 43 Private 27.2 29.2 43.0 34.0 23.3 53.0 63.4 48.0 48.0 57.6 43

 44 Domestic business -7.0 -9.6 -7.1 -12.8 -24.7 -18.1 -11.7 -15.8 -35.1 -44.6 44

 45 Nonfinancial corporate business (3) 1.3 -3.2 -0.7 -3.7 -13.7 -8.7 2.9 0.5 -13.7 -32.9 45

 46 Nonfinancial noncorporate business -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 46

 47 Financial business 2.7 3.2 2.9 2.7 2.7 3.0 3.9 5.3 4.5 2.8 47

 48 Households and institutions 34.2 38.9 50.1 46.8 47.9 71.1 75.1 63.8 83.2 102.2 48

 49 Government -21.1 -25.4 -39.5 -32.5 -21.7 -49.3 -63.1 -52.1 -39.2 -51.6 49

 50 Federal -13.9 -18.0 -30.0 -22.7 -12.5 -38.9 -50.5 -48.1 -35.3 -39.1 50

 51 State and local -7.2 -7.4 -9.5 -9.8 -9.2 -10.3 -12.5 -4.0 -3.9 -12.6 51

 52 Statistical discrepancy (line 21 less line 1) 0.8 5.1 3.4 3.2 1.6 5.4 9.5 7.1 6.1 7.4 52

 Addenda:

 53 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.6 0.6 0.2 53

 54 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.6 0.6 0.2 54

 55 Domestic business 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.0 0.5 0.1 55

 56 Households and institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 0.2 0.1 56

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

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

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

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

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

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

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
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10 Historical Annuals, 1965-1974, March 6, 2014

F.9 Net Capital Transfers (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Capital transfers paid, by sector 7.6 8.3 8.2 10.1 10.5 10.0 11.7 12.9 12.6 14.2 1

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

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

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

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

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

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

 8 By government 4.0 4.4 4.3 6.0 5.9 5.3 5.9 6.1 6.0 7.9 8

 9 Federal 4.0 4.4 4.3 6.0 5.9 5.3 5.9 6.1 6.0 7.9 9

 10 Investment grants to state and local govts. 4.0 4.3 4.2 5.9 5.8 5.1 5.8 5.8 5.8 7.7 10

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

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

 13 Other capital transfers paid to business 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 13

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

 15 Capital transfers paid to the rest of the world (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

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

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

 18 By persons 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 18

 19 Estate and gift taxes, federal 2.8 3.0 3.1 3.1 3.6 3.7 4.6 5.4 5.1 4.8 19

 20 Estate and gift taxes, state and local 0.8 0.8 0.9 1.0 1.1 1.1 1.2 1.4 1.5 1.5 20

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

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

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

 24 Capital transfers received, by sector 7.6 8.3 8.2 10.1 10.5 10.0 11.7 12.9 12.6 14.2 24

 25 By private business 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 25

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

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

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

 29 Nonfinancial corporations 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 29

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

 31 Other 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 31

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

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

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

 35 By government 7.6 8.2 8.2 10.0 10.4 9.9 11.6 12.6 12.4 14.0 35

 36 Federal 2.8 3.0 3.1 3.1 3.6 3.7 4.6 5.4 5.1 4.8 36

 37 Estate and gift taxes paid by persons 2.8 3.0 3.1 3.1 3.6 3.7 4.6 5.4 5.1 4.8 37

 38 State and local 4.7 5.1 5.1 6.8 6.8 6.2 7.0 7.3 7.3 9.2 38

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

 40 Estate and gift taxes paid by persons 0.8 0.8 0.9 1.0 1.1 1.1 1.2 1.4 1.5 1.5 40

 41 Investment grants paid by federal government 4.0 4.3 4.2 5.9 5.8 5.1 5.8 5.8 5.8 7.7 41

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

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

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

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

 46 By the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

 47 Capital transfers paid by U.S. government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

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

 Addenda: Net capital transfers paid by sector

 49 By private business (lines 2-25) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 49

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

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

 52 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

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

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

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

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

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

 58 Nonfinancial corporations (lines 6-29) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 58

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

 60 By government (lines 8-35) -3.5 -3.8 -3.9 -4.0 -4.5 -4.6 -5.6 -6.6 -6.4 -6.0 60

 61 Federal (lines 9-36) 1.2 1.3 1.2 2.9 2.3 1.6 1.4 0.7 0.9 3.1 61

 62 State and local (lines 16-38) -4.7 -5.1 -5.1 -6.8 -6.8 -6.2 -7.0 -7.3 -7.3 -9.2 62

 63 By persons (lines 18-43) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 63

 64 By the rest of the world (lines 21-46) 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 64

(1) This table is based on NIPA table 5.11 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Financial Accounts of the United States.
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Historical Annuals, 1965-1974, March 6, 2014 11

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 72.9 81.4 93.5 90.8 101.3 116.3 148.8 169.2 188.6 201.6 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 6.8 1.9 10.3 9.1 -1.7 7.7 13.6 13.9 12.7 5.3 3

 4 Time and savings deposits 27.5 18.6 35.2 30.2 8.6 43.6 69.1 74.9 62.2 57.0 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 5

 6 Securities -5.1 10.4 -9.4 -11.4 23.0 -2.9 -12.0 -15.7 19.0 36.4 6

 7 Open market paper 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 7

 8 Treasury securities 1.2 4.3 -0.1 2.7 11.4 -10.1 -8.8 3.2 11.1 6.6 8

 9 Agency- and GSE-backed securities 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 9

 10 Municipal securities 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 10

 11 Corporate and foreign bonds -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 11

 12 Corporate equities (2) -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 12

 13 Mutual fund shares 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 13

 14 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 14

 15 Pension entitlements 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 15

 16 Miscellaneous and other assets 3.3 4.3 7.0 5.8 3.8 4.2 7.7 12.0 10.4 9.1 16

 17 Gross investment in nonfinancial assets 117.3 121.1 124.2 142.5 153.3 152.2 182.3 210.7 237.8 225.1 17

 18 Residential fixed investment 34.2 32.5 32.8 39.7 43.8 42.8 57.3 71.4 77.3 68.6 18

 19 Nonresidential fixed investment 21.1 22.6 22.3 22.8 25.9 27.3 29.2 32.8 38.7 38.7 19

 20 Consumer durables 61.7 66.9 68.8 79.4 83.8 83.6 95.1 107.1 121.0 120.9 20

 21 Nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 21

 22 Inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 22

 23 Consumption of fixed capital 69.9 75.0 80.7 88.8 97.6 105.3 114.8 124.4 137.8 155.9 23

 24 Residential fixed investment 11.8 12.7 13.7 15.0 16.8 18.1 20.0 22.5 25.8 29.9 24

 25 Nonresidential fixed investment 12.3 13.3 14.2 15.3 16.5 17.9 19.4 21.0 23.0 26.5 25

 26 Consumer durables 45.8 49.0 52.8 58.5 64.3 69.3 75.3 81.0 89.0 99.6 26

 27 Net investment in nonfinancial assets (3) 47.3 46.1 43.4 53.7 55.6 46.9 67.5 86.3 100.0 69.1 27

 28 Residential fixed investment 22.4 19.7 19.1 24.8 27.0 24.7 37.3 48.9 51.4 38.7 28

 29 Nonresidential fixed investment 8.8 9.3 8.1 7.5 9.4 9.4 9.7 11.8 15.7 12.2 29

 30 Consumer durables 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 30

 31 Nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 31

 32 Inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 32

 33 Net increase in liabilities 37.9 31.3 38.1 40.6 45.0 33.6 72.8 96.8 92.1 104.4 33

 34 Home mortgages 17.1 13.0 13.3 17.1 17.7 12.7 26.3 38.0 42.5 35.9 34

 35 Other mortgages 7.7 7.2 10.8 7.1 11.7 4.2 17.6 24.3 4.2 27.3 35

 36 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 36

 37 Policy loans 0.6 1.5 1.0 1.3 2.6 2.3 1.0 1.0 2.2 2.7 37

 38 Security credit 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 38

 39 Other liabilities 2.1 3.8 4.8 1.8 6.3 11.3 9.7 10.4 24.9 31.1 39

 40 Net capital transfers paid (4) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 40

 41 Personal saving, FOF concept (FOF) 85.9 100.1 102.9 108.1 116.5 134.3 149.4 165.4 203.1 172.6 41

 42 - Net investment in consumer durables 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 42

 43 - Government insurance and pension fund reserves (5) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 43

 44 = Personal saving, NIPA concept (FOF) (6) 69.7 81.9 86.5 87.2 96.9 119.8 129.6 139.3 171.1 151.4 44

 45 Personal saving, NIPA concept (NIPA) 58.3 61.4 72.2 72.1 75.0 96.1 110.1 109.2 131.8 141.7 45

 46 Difference 11.4 20.5 14.3 15.1 21.9 23.7 19.5 30.1 39.3 9.6 46

 Memo:

 47 Disposable personal income 513.2 554.2 592.8 643.7 695.8 761.5 830.4 899.9 1006.1 1098.3 47

 Personal saving as a percentage of disposable personal income:

 48 FOF concept (FOF data) (line 41) 16.7 18.1 17.4 16.8 16.8 17.6 18.0 18.4 20.2 15.7 48

 49 NIPA concept (FOF data) (line 44) 13.6 14.8 14.6 13.5 13.9 15.7 15.6 15.5 17.0 13.8 49

 50 NIPA concept (NIPA data) (line 45) 11.4 11.1 12.2 11.2 10.8 12.6 13.3 12.1 13.1 12.9 50

 51 Difference (line 46) 2.2 3.7 2.4 2.3 3.1 3.1 2.3 3.3 3.9 0.9 51

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 13), life insurance reserves (line 14), and pension entitlements (line 15).

(3) Line 17 less line 23.

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

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

(6) Line 44 and 45 are conceptually equivalent but measure saving using different data. Line 44 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 43) plus

 net investment in nonfinancial assets net of consumer durables (line 27 less line 42) less net increase in liabilities (line 33) plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 45)

 is disposable personal income (line 47) less personal outlays (table F.100, line 4).
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12 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 1762.1 1777.3 2019.3 2263.4 2217.2 2324.9 2593.2 2966.0 2891.9 2831.7 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 109.8 111.7 122.1 131.2 129.5 137.2 150.9 163.5 176.2 181.1 3

 4 Time and savings deposits 288.5 307.1 342.3 372.5 381.3 424.9 494.0 568.8 631.1 688.8 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 5

 6 Securities 778.0 727.6 873.9 1019.7 905.7 887.9 983.5 1160.6 946.3 727.1 6

 7 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 7

 8 Treasury securities 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 8

 9 Agency- and GSE-backed securities 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 9

 10 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 10

 11 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 11

 12 Corporate equities (2) 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 12

 13 Mutual fund shares 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 13

 14 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 14

 15 Pension entitlements 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 15

 16 Life insurance companies 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 16

 17 Private pension funds 105.9 116.2 129.9 145.4 164.2 185.9 205.9 233.8 251.9 274.0 17

 18 Governments 264.6 288.1 310.0 339.9 371.7 412.6 462.6 518.4 544.6 595.9 18

 19 Miscellaneous and other assets 82.1 86.7 93.7 99.6 101.9 104.8 113.0 124.9 134.6 143.7 19

 20 Total liabilities 461.9 493.6 531.5 572.3 615.8 645.5 719.0 815.6 928.4 1032.6 20

 21 Home mortgages 219.4 232.7 245.9 262.8 278.6 290.9 316.6 354.6 396.3 431.9 21

 22 Other mortgages 79.1 86.3 97.1 104.2 115.9 116.6 134.2 158.5 162.7 189.9 22

 23 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 23

 24 Policy loans 8.3 9.8 10.8 12.1 14.7 17.0 18.0 19.0 21.2 23.9 24

 25 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 25

 26 Other liabilities 51.7 55.5 60.3 62.4 69.2 80.5 91.5 101.8 146.4 177.5 26

(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 fund shares (line 13), life insurance reserves (line 14), and pension entitlements (line 15).
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Historical Annuals, 1965-1974, March 6, 2014 13

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Personal income 570.8 620.6 665.7 730.7 800.3 864.6 932.1 1023.6 1138.5 1249.4 1

 2 - Personal current taxes 57.7 66.4 73.0 87.0 104.5 103.1 101.7 123.6 132.4 151.0 2

 3 = Disposable personal income 513.2 554.2 592.8 643.7 695.8 761.5 830.4 899.9 1006.1 1098.3 3

 4 - Personal outlays 454.9 492.8 520.6 571.7 620.7 665.5 720.3 790.7 874.3 956.6 4

 5 = Personal saving, NIPA (2) 58.3 61.4 72.2 72.1 75.0 96.1 110.1 109.2 131.8 141.7 5

 6 + Government insurance and pension reserves (3) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 6

 7 + Net investment in consumer durables 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 7

 8 + Consumption of fixed capital 56.5 60.6 65.3 72.2 79.6 85.8 93.5 101.3 112.3 126.6 8

 9 - Net capital transfers paid (4) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 9

 10 = Gross saving less net capital transfers paid 127.4 136.2 149.9 161.1 169.6 191.6 217.6 229.9 269.5 283.3 10

 11 Gross investment 138.8 156.7 164.2 176.2 191.5 215.3 237.1 259.9 308.8 292.9 11

 12 Capital expenditures 92.8 97.0 99.5 114.2 121.6 120.3 142.6 166.0 186.4 181.2 12

 13 Residential 26.2 25.0 25.5 29.4 31.1 29.7 40.0 49.5 55.4 50.5 13

 14 Consumer durable goods 61.7 66.9 68.8 79.4 83.8 83.6 95.1 107.1 121.0 120.9 14

 15 Nonprofit nonresidential 5.9 6.2 6.2 6.4 7.4 7.8 8.6 10.7 11.3 11.2 15

 16 Nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 16

 17 Net lending (+) or net borrowing (-) 46.0 59.7 64.7 62.0 69.9 95.1 94.5 93.9 122.5 111.7 17

 18 Net acquisition of financial assets 74.9 82.6 92.5 93.7 98.9 114.1 140.6 154.0 188.3 168.6 18

 19 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Checkable deposits and currency 6.7 1.9 10.2 9.0 -1.8 7.6 13.5 13.7 12.1 5.2 20

 21 Time and savings deposits 27.5 18.6 35.2 30.2 8.6 42.2 67.5 73.3 60.6 55.4 21

 22 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 22

 23 Credit market instruments 3.9 19.7 5.3 8.2 39.0 2.4 -9.8 -3.2 24.8 42.3 23

 24 Open market paper 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 24

 25 Treasury securities 1.2 4.3 -0.1 2.7 11.4 -10.1 -8.8 3.2 11.1 6.6 25

 26 Agency- and GSE-backed securities 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 26

 27 Municipal securities 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 27

 28 Corporate and foreign bonds -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 28

 29 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Mortgages 0.5 1.7 2.1 2.3 1.7 2.2 -3.3 1.0 -0.0 3.4 30

 31 Consumer credit (student loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Corporate equities (6) -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 32

 33 Mutual fund shares 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 33

 34 Security credit 0.9 0.2 2.2 2.1 -1.8 -0.9 0.5 0.1 -0.2 -1.0 34

 35 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 35

 36 Pension entitlements (7) 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 36

 37 Equity in noncorporate business 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 9.5 -27.4 37

 38 Miscellaneous assets 1.4 1.3 1.6 1.9 2.2 2.7 2.6 2.9 3.1 2.9 38

 39 Net increase in liabilities 28.9 22.9 27.8 31.7 29.0 19.0 46.1 60.1 65.9 56.8 39

 40 Credit market instruments 27.9 22.2 23.8 28.2 31.2 19.3 42.3 55.1 68.9 56.5 40

 41 Home mortgages (8) 17.1 13.0 13.3 17.1 17.7 11.3 24.1 34.1 39.5 37.3 41

 42 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 42

 43 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.9 43

 44 Depository institution loans n.e.c. (9) -0.9 0.6 1.1 0.3 -0.1 0.1 0.7 -0.6 3.5 5.5 44

 45 Other loans and advances 0.8 2.0 1.3 1.7 3.0 2.6 1.4 1.3 2.4 3.2 45

 46 Commercial mortgages 0.7 0.7 3.0 -1.6 0.7 0.9 0.6 0.8 0.6 0.6 46

 47 Security credit 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 47

 48 Trade payables 0.4 0.4 0.6 0.6 0.7 0.6 0.9 0.8 0.7 1.2 48

 49 Deferred and unpaid life insurance premiums 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 49

 50 Discrepancy -11.4 -20.5 -14.3 -15.1 -21.9 -23.7 -19.5 -30.1 -39.3 -9.6 50

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

 outstandings of nonprofit organizations.

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

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

(4) Table F.9, line 63.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 33) and life insurance reserves (line 35), and pension entitlements (line 36).

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

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

(9) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.108, line 21.
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14 Historical Annuals, 1965-1974, March 6, 2014

F.101 Nonfinancial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Income before taxes 138.3 148.6 146.6 158.8 159.0 147.4 163.5 189.2 230.6 243.2 1

 2 Gross saving less net capital transfers paid 82.8 90.4 93.5 97.8 100.2 100.2 116.2 132.8 147.6 151.2 2

 3 Gross investment 74.4 77.7 85.1 88.2 91.7 88.8 107.0 132.0 118.4 141.2 3

 4 Capital expenditures 93.3 108.5 107.0 116.5 129.2 126.7 141.3 161.0 193.5 206.1 4

 5 Fixed investment 84.8 95.8 97.2 106.9 120.4 124.7 133.0 151.5 174.8 186.9 5

 6 Residential 8.9 8.4 8.1 10.7 13.3 13.7 18.1 22.9 22.9 18.9 6

 7 Nonresidential 75.9 87.4 89.1 96.1 107.1 111.0 114.9 128.7 151.9 167.9 7

 8 Change in inventories 9.2 13.6 9.9 9.1 9.2 2.0 8.3 9.1 15.9 14.0 8

 9 Nonproduced nonfinancial assets -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 9

 10 Net lending (+) or net borrowing (-) -18.9 -30.7 -21.8 -28.3 -37.5 -37.9 -34.4 -29.0 -75.1 -64.9 10

 11 Net acquisition of financial assets 28.0 15.4 19.1 32.9 36.2 23.3 51.4 78.4 87.2 55.3 11

 12 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 12

 13 Checkable deposits and currency 0.4 -0.7 2.7 2.9 5.7 1.1 -1.3 2.6 2.0 1.2 13

 14 Time and savings deposits 2.3 -0.4 1.1 -0.6 -5.4 3.1 5.8 4.0 6.3 5.4 14

 15 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Security repurchase agreements 0.3 0.3 -0.2 0.5 2.2 -3.1 0.8 1.6 8.6 -5.8 16

 17 Credit market instruments 0.1 -1.0 -1.4 2.7 -0.8 2.6 9.3 3.8 -3.2 8.4 17

 18 Commercial paper -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 18

 19 Treasury securities -1.9 -1.5 -2.3 0.5 -3.1 0.8 3.0 -2.0 -4.3 1.4 19

 20 Agency- and GSE-backed securities 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 20

 21 Municipal securities 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 21

 22 Mortgages 0.0 0.0 -0.0 -0.0 0.4 0.4 1.2 1.1 0.4 0.5 22

 23 Consumer credit 1.2 0.1 0.2 0.1 0.1 0.8 2.5 0.6 -0.8 0.8 23

 24 Mutual fund shares 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 24

 25 Trade receivables 13.1 12.9 8.9 17.2 23.3 7.0 13.9 27.1 43.2 34.0 25

 26 Miscellaneous assets 12.1 4.0 7.9 9.6 11.6 13.1 22.5 38.4 29.0 12.0 26

 27 Net increase in liabilities 47.0 46.1 40.9 61.2 73.7 61.3 85.7 107.4 162.3 120.2 27

 28 Credit market instruments 30.0 34.6 32.0 43.0 48.3 47.9 50.8 71.5 93.9 92.4 28

 29 Commercial paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 29

 30 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 30

 31 Corporate bonds 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 31

 32 Depository institution loans n.e.c. 12.9 10.9 7.2 11.7 12.5 5.7 5.9 16.3 32.7 29.5 32

 33 Other loans and advances 2.9 2.5 1.3 3.3 10.8 2.0 3.1 5.1 11.4 13.2 33

 34 Mortgages 9.6 10.1 7.4 13.9 11.9 18.6 23.8 36.7 37.4 24.2 34

 35 Corporate equities -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 35

 36 Trade payables 11.4 7.9 5.8 14.3 20.1 7.2 13.9 24.3 41.5 29.6 36

 37 Taxes payable 2.1 -0.9 -4.2 1.1 -1.7 -2.6 4.1 3.9 5.3 8.9 37

 38 Miscellaneous liabilities 0.9 1.0 4.6 0.3 3.9 3.5 3.9 1.9 4.9 13.5 38

 39 Proprietors’ net investment 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.8 -28.2 39

 40 Discrepancy 8.4 12.6 8.4 9.6 8.5 11.4 9.2 0.8 29.2 10.0 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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Historical Annuals, 1965-1974, March 6, 2014 15

F.102 Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Profits before tax (book) 69.1 75.1 71.6 79.4 76.4 63.7 73.5 86.9 110.1 123.3 1

 2 - Taxes on corporate income 27.1 29.5 27.8 33.5 33.3 27.3 30.0 33.8 40.4 42.8 2

 3 - Net dividends 16.2 16.8 17.3 19.0 19.0 18.3 18.1 19.7 20.8 21.5 3

 4 + Capital consumption allowance (1) 43.4 47.4 51.4 55.7 61.2 66.0 70.9 78.2 84.8 93.7 4

 5 = U.S. internal funds, book 69.2 76.3 78.0 82.5 85.3 84.1 96.3 111.6 133.8 152.6 5

 6 + Foreign earnings retained abroad 1.3 1.6 1.5 2.2 2.6 3.0 3.0 4.4 7.7 7.3 6

 7 + Inventory valuation adjustment (IVA) -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 7

 8 - Net capital transfers paid (2) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 8

 9 = Total internal funds + IVA 69.3 75.9 78.0 81.2 82.1 80.7 94.9 109.6 122.1 121.9 9

 10 Gross investment 60.9 63.3 69.7 71.6 73.7 69.3 85.7 108.9 92.9 111.9 10

 11 Capital expenditures 68.9 84.3 82.3 88.2 97.5 94.8 101.6 116.3 142.0 162.2 11

 12 Fixed investment (3) 61.6 71.9 73.8 80.2 89.1 92.2 95.2 107.6 125.5 141.2 12

 13 Inventory change + IVA 8.0 13.4 8.6 7.4 8.7 2.7 6.4 8.4 13.7 15.8 13

 14 Nonproduced nonfinancial assets -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 14

 15 Net lending (+) or net borrowing (-) -8.0 -21.1 -12.6 -16.6 -23.8 -25.5 -15.9 -7.4 -49.1 -50.4 15

 16 Net acquisition of financial assets 27.4 14.4 17.8 33.1 34.2 21.4 41.6 68.5 78.2 50.6 16

 17 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 17

 18 Checkable deposits and currency 0.3 -0.7 2.5 2.7 5.6 1.0 -1.5 2.4 1.4 1.2 18

 19 Time and savings deposits 2.3 -0.4 1.1 -0.6 -5.4 1.7 4.2 2.4 4.7 3.8 19

 20 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Security repurchase agreements 0.3 0.3 -0.2 0.5 2.2 -3.1 0.8 1.6 8.6 -5.8 21

 22 Credit market instruments -0.2 -1.0 -1.4 2.5 -1.2 1.9 8.0 2.6 -3.4 8.6 22

 23 Commercial paper -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 23

 24 Treasury securities -1.9 -1.5 -2.4 0.3 -3.3 0.6 2.8 -2.2 -4.4 1.4 24

 25 Agency- and GSE-backed securities 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 25

 26 Municipal securities 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 26

 27 Mortgages 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 27

 28 Consumer credit 0.9 0.2 0.3 0.1 0.2 0.6 2.7 0.7 -0.6 1.1 28

 29 Mutual fund shares 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 29

 30 Trade receivables 13.3 12.4 8.3 18.5 22.8 8.4 12.4 26.4 40.9 31.8 30

 31 Miscellaneous assets 11.6 3.5 7.3 8.8 10.6 11.9 17.2 32.2 24.6 11.0 31

 32 U.S. direct investment abroad (4) 4.8 5.2 4.5 5.0 5.6 7.1 7.0 7.0 10.5 7.9 32

 33 Insurance receivables 0.4 0.6 0.7 0.8 1.2 0.9 1.1 1.9 2.0 2.2 33

 34 Equity in GSEs 0.0 0.0 0.0 0.0 0.1 -0.2 0.0 0.0 0.0 0.0 34

 35 Investment in finance co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Other 6.4 -2.3 2.0 3.0 3.7 4.1 9.1 23.2 12.1 0.9 36

 37 Net increase in liabilities 35.4 35.4 30.4 49.7 58.1 47.0 57.4 75.9 127.3 101.0 37

 38 Net funds raised in markets 20.7 26.2 24.0 31.8 36.4 46.9 39.7 51.1 83.9 59.4 38

 39 Net new equity issues -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 39

 40 Credit market instruments 20.7 24.9 21.6 32.0 33.0 41.2 28.2 40.1 76.0 55.3 40

 41 Commercial paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 41

 42 Municipal securities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 42

 43 Corporate bonds (4) 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 43

 44 Depository institution loans n.e.c. 11.3 8.7 5.9 10.3 9.7 5.3 3.7 13.6 25.1 21.2 44

 45 Other loans and advances (6) 2.2 1.6 0.2 2.5 9.3 0.5 1.9 3.9 7.7 9.7 45

 46 Mortgages 2.7 3.6 -0.4 5.2 0.9 13.9 4.6 9.2 30.9 -1.0 46

 47 Trade payables 11.8 9.1 5.9 16.4 19.5 7.9 13.7 23.2 38.1 26.5 47

 48 Taxes payable 2.1 -0.9 -4.2 1.1 -1.7 -2.6 3.1 2.4 3.8 7.4 48

 49 Miscellaneous liabilities 0.9 1.0 4.6 0.3 3.9 -5.1 1.0 -0.8 1.5 7.7 49

 50 Foreign direct investment in U.S. 0.5 0.4 0.7 0.8 1.2 1.4 0.3 0.9 2.5 4.6 50

 51 Pension fund contributions payable 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 51

 52 Claims of pension fund on sponsor ND ND ND ND ND ND ND ND ND ND 52

 53 Other -0.7 -2.6 -1.0 -7.2 -8.9 -16.1 -6.4 -0.6 -6.6 -4.6 53

 54 Discrepancy 8.4 12.6 8.4 9.6 8.5 11.4 9.2 0.8 29.2 10.0 54

 Memo:

 55 Financing gap (7) 1.0 10.1 5.8 9.3 18.1 17.3 9.8 11.3 27.7 47.9 55

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

(2) Table F.9, line 58.

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

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

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

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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16 Historical Annuals, 1965-1974, March 6, 2014

F.103 Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving = consumption of fixed capital 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 1

 2 Gross saving less net capital transfers paid (1) 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 2

 3 Gross investment 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 3

 4 Capital expenditures 24.4 24.1 24.7 28.3 31.7 31.9 39.7 44.7 51.5 43.9 4

 5 Fixed investment (2) 23.2 23.9 23.4 26.6 31.2 32.6 37.8 44.0 49.3 45.6 5

 6 Change in inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 6

 7 Net lending (+) or net borrowing (-) -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 7

 8 Net acquisition of financial assets 0.6 1.1 1.3 -0.2 2.0 1.9 9.8 10.0 9.1 4.7 8

 9 Checkable deposits and currency 0.1 -0.0 0.1 0.2 0.1 0.1 0.1 0.3 0.6 0.1 9

 10 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 1.6 1.6 1.6 1.6 10

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

 12 Credit market instruments 0.3 -0.1 -0.0 0.2 0.4 0.7 1.3 1.2 0.2 -0.2 12

 13 Treasury securities 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 13

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

 15 Mortgages 0.0 0.0 0.0 0.0 0.3 0.4 1.2 1.1 0.3 0.1 15

 16 Consumer credit 0.3 -0.1 -0.1 -0.0 -0.1 0.1 -0.1 -0.1 -0.2 -0.4 16

 17 Trade receivables -0.2 0.6 0.5 -1.4 0.5 -1.5 1.5 0.6 2.3 2.2 17

 18 Miscellaneous assets 0.5 0.6 0.6 0.8 1.1 1.1 5.3 6.2 4.4 1.1 18

 19 Insurance receivables 0.4 0.5 0.6 0.7 1.0 1.1 1.3 1.5 1.4 1.5 19

 20 Equity investment in GSEs (3) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 20

 21 Other 0.0 0.0 0.0 0.0 0.0 0.0 4.0 4.6 2.8 -0.7 21

 22 Net increase in liabilities 11.6 10.7 10.5 11.5 15.6 14.3 28.3 31.6 35.0 19.3 22

 23 Credit market instruments 9.3 9.7 10.3 11.0 15.3 6.7 22.6 31.4 17.9 37.1 23

 24 Depository institution loans n.e.c. 1.6 2.3 1.4 1.5 2.7 0.4 2.2 2.8 7.7 8.3 24

 25 Other loans and advances 0.8 0.9 1.2 0.8 1.6 1.5 1.2 1.2 3.7 3.6 25

 26 Mortgages 7.0 6.5 7.8 8.7 11.0 4.7 19.2 27.4 6.6 25.2 26

 27 Trade payables -0.3 -1.2 -0.1 -2.1 0.6 -0.7 0.2 1.1 3.4 3.1 27

 28 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 1.5 1.6 28

 29 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.4 5.7 29

 30 Proprietors’ net investment 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.8 -28.2 30

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

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

(3) Equity in the Farm Credit System.
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Historical Annuals, 1965-1974, March 6, 2014 17

F.104 State and Local Governments (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Current receipts, NIPA basis 65.8 74.1 81.6 92.5 104.3 118.9 133.6 156.9 172.8 186.4 1

 2 Personal current taxes 6.6 7.8 8.6 10.6 12.8 14.2 15.9 20.9 22.8 24.5 2

 3 Taxes on production and imports 45.3 48.8 52.8 59.5 66.0 73.3 81.5 89.4 97.4 104.8 3

 4 Taxes on corporate income 2.0 2.2 2.6 3.3 3.6 3.7 4.3 5.3 6.0 6.7 4

 5 Contributions for govt. social insurance 0.8 0.8 0.9 0.9 1.0 1.1 1.2 1.3 1.5 1.7 5

 6 Income receipts on assets 2.2 2.6 3.0 3.5 4.3 5.2 5.5 5.9 7.8 10.2 6

 7 Current transfer receipts 7.4 10.4 12.3 13.3 15.3 20.1 24.1 32.8 36.1 37.9 7

 8 Current surplus of government enterprises 1.6 1.5 1.4 1.3 1.3 1.3 1.1 1.2 1.2 0.6 8

 9 Current expenditures, NIPA basis 61.7 68.9 76.9 88.2 100.2 115.9 133.0 148.5 163.1 184.1 9

 10 Consumption expenditures 50.6 56.4 62.4 70.7 80.4 92.1 104.2 115.4 126.8 144.5 10

 11 Govt. social benefit payments to persons 6.7 7.6 9.2 11.4 13.2 16.1 19.3 22.0 24.1 25.3 11

 12 Interest payments 4.5 4.9 5.2 6.0 6.6 7.7 9.4 11.1 12.2 14.2 12

 13 Subsidies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 13

 14 Net saving, NIPA basis 4.1 5.2 4.7 4.3 4.1 3.0 0.6 8.4 9.6 2.3 14

 15 + Consumption of fixed capital 6.4 7.1 7.8 8.6 9.7 10.9 12.2 13.3 14.9 18.3 15

 16 - Net capital transfers paid (2) -4.7 -5.1 -5.1 -6.8 -6.8 -6.2 -7.0 -7.3 -7.3 -9.2 16

 17 = Gross saving less net capital transfers paid 15.3 17.4 17.6 19.7 20.6 20.1 19.8 29.0 31.8 29.8 17

 18 Gross investment 16.6 17.8 18.0 20.3 16.7 15.0 15.3 25.6 33.4 25.4 18

 19 Fixed investment 21.2 23.5 25.7 28.1 28.8 29.3 30.7 31.3 34.0 40.5 19

 20 Nonproduced nonfinancial assets 1.3 1.4 1.4 1.4 1.0 1.1 1.6 1.7 1.7 1.9 20

 21 Net lending (+) or net borrowing (-) -5.8 -7.1 -9.1 -9.2 -13.1 -15.4 -17.1 -7.4 -2.3 -17.0 21

 22 Net acq. of financial assets 6.2 4.0 3.4 5.8 6.1 4.2 9.2 17.0 22.2 9.5 22

 23 Checkable deposits and currency -0.6 0.5 0.8 -0.7 1.9 -1.0 0.8 0.5 0.0 0.2 23

 24 Time and savings deposits 2.4 1.3 2.3 3.1 -5.8 10.0 7.2 6.7 6.6 5.0 24

 25 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Security repurchase agreements 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 26

 27 Credit market instruments 2.5 -0.0 0.2 3.8 5.0 -1.3 -1.7 6.7 9.7 6.5 27

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

 29 Treasury securities 2.2 0.6 -0.4 0.2 3.1 -0.1 -0.4 2.3 1.2 0.5 29

 30 Agency- and GSE-backed securities 0.2 -0.7 0.4 3.4 1.4 -2.3 -2.2 3.3 6.6 3.1 30

 31 Municipal securities -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 31

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

 33 Mortgages 0.2 0.2 0.1 0.2 0.5 0.9 1.1 1.4 1.7 2.5 33

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

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

 36 Trade receivables 0.8 0.6 0.6 0.9 1.2 0.6 0.9 1.5 2.8 -2.0 36

 37 Taxes receivable 0.1 0.0 0.1 0.2 0.0 0.1 1.2 1.8 1.6 1.7 37

 38 Miscellaneous assets -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 38

 39 Net increase in liabilities 12.0 11.1 12.5 15.0 19.2 19.6 26.2 24.4 24.5 26.5 39

 40 Credit market instruments 7.6 6.9 7.3 8.8 12.1 12.1 16.4 14.0 14.1 13.4 40

 41 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 41

 42 Short-term (3) 0.6 0.7 1.8 0.1 2.8 2.3 2.5 0.1 0.3 2.7 42

 43 Long-term 6.6 5.6 5.3 8.3 8.6 9.6 13.6 13.6 13.5 10.0 43

 44 U.S. government loans 0.3 0.6 0.2 0.3 0.7 0.1 0.4 0.3 0.3 0.7 44

 45 Trade payables 1.4 1.5 1.7 1.9 2.0 2.2 2.4 2.5 2.8 3.3 45

 46 Claims of pension fund on sponsor (4) 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 46

 47 Discrepancy -1.4 -0.3 -0.4 -0.6 3.9 5.1 4.6 3.4 -1.6 4.5 47

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

(2) Table F.9, line 62.

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

(4) Included in miscellaneous liabilities.
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18 Historical Annuals, 1965-1974, March 6, 2014

F.105 Federal Government

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Current receipts, NIPA basis 120.4 137.4 146.3 170.6 191.8 185.1 190.7 219.0 249.2 278.5 1

 2 Personal current taxes 51.1 58.6 64.4 76.4 91.7 88.9 85.8 102.8 109.6 126.5 2

 3 Taxes on production and imports 15.4 14.4 15.2 16.9 17.8 18.1 19.0 18.5 19.8 20.1 3

 4 Taxes on corporate income 28.9 31.4 30.0 36.1 36.1 30.6 33.5 36.6 43.3 45.1 4

 5 Taxes from the rest of the world 0.2 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.4 0.4 5

 6 Contributions for govt. social insurance 22.7 30.6 34.1 37.9 43.3 45.5 50.3 58.3 74.5 84.1 6

 7 Income receipts on assets 2.0 2.2 2.6 3.1 2.8 3.2 3.6 3.8 4.0 4.5 7

 8 Current transfer receipts 0.9 1.0 1.0 1.0 1.0 1.0 0.9 1.1 1.0 1.1 8

 9 Current surplus of government enterprises -0.9 -1.2 -1.3 -1.0 -1.3 -2.5 -2.8 -2.4 -3.4 -3.2 9

 10 Current expenditures, NIPA basis 125.9 144.3 165.7 184.3 196.9 219.9 241.5 267.9 286.9 319.1 10

 11 Consumption expenditures 66.5 76.5 88.0 96.8 100.4 102.3 106.6 112.2 113.9 122.5 11

 12 Government social benefits 27.7 30.3 37.1 42.4 46.3 56.4 66.9 73.8 85.7 104.6 12

 13 Other current transfer payments 10.1 13.4 14.9 16.4 18.2 23.2 28.2 37.7 38.9 40.9 13

 14 Interest payments 18.6 20.3 21.9 24.6 27.5 33.3 35.2 37.6 43.3 48.0 14

 15 Subsidies 3.0 3.9 3.8 4.1 4.5 4.8 4.6 6.6 5.1 3.2 15

 16 Net saving, NIPA basis -5.5 -7.0 -19.5 -13.7 -5.1 -34.8 -50.8 -48.9 -37.7 -40.6 16

 17 + Consumption of fixed capital 20.0 21.0 22.4 24.1 25.8 27.6 29.0 30.1 31.7 34.7 17

 18 - Insurance and pension reserves (1) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 18

 19 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 19

 20 - Net capital transfers paid (2) 1.2 1.3 1.2 2.9 2.3 1.6 1.4 0.7 0.9 3.1 20

 21 = Gross saving less net capital transfers paid 12.9 12.3 1.3 7.3 18.0 -9.2 -23.5 -19.9 -7.4 -9.6 21

 22 Gross investment 13.4 14.6 2.2 4.4 17.6 -6.7 -22.6 -17.8 -6.5 -9.7 22

 23 Fixed investment 26.7 30.1 31.9 31.1 30.7 30.5 27.8 29.3 31.7 35.7 23

 24 Nonproduced nonfinancial assets 0.5 0.6 -0.2 -0.9 0.1 -0.3 -0.4 -0.7 -3.2 -5.7 24

 25 Net lending (+) or net borrowing (-) -13.8 -16.1 -29.5 -25.8 -13.2 -36.9 -50.0 -46.5 -34.9 -39.7 25

 26 Net acq. of financial assets 3.2 4.7 1.9 6.2 3.9 1.6 4.6 0.4 4.6 4.2 26

 27 U.S. official reserve assets 0.3 -0.3 0.6 1.9 1.6 -1.8 -1.6 0.5 -0.1 1.4 27

 28 Checkable deposits and currency -1.6 -0.4 0.5 -2.3 1.6 3.5 3.5 -1.0 -1.8 -4.6 28

 29 Time and savings deposits -0.0 -0.0 0.0 0.1 -0.2 0.3 0.1 0.1 -0.2 0.0 29

 30 Credit market instruments 2.9 5.1 4.6 5.2 3.1 2.8 2.8 1.8 3.9 6.2 30

 31 Agency- and GSE-backed securities 0.0 1.3 -0.1 0.1 -1.3 -0.1 0.0 -0.0 -0.0 -0.0 31

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

 33 Other loans and advances 2.9 2.8 3.8 3.7 3.5 2.6 3.2 2.5 4.5 3.5 33

 34 Mortgages -0.0 1.0 0.9 1.4 1.0 0.3 -0.4 -0.7 -0.6 2.7 34

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

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

 37 Trade receivables 0.4 1.2 1.5 0.6 0.9 -0.8 -1.7 -0.8 0.3 1.0 37

 38 Taxes receivable 1.2 -1.4 -5.1 0.8 -3.2 -2.7 1.4 -0.4 1.5 -0.0 38

 39 Miscellaneous assets 0.1 0.4 -0.1 -0.2 0.1 0.3 0.1 0.1 1.0 0.1 39

 40 Net increase in liabilities 17.0 20.8 31.4 32.0 17.1 38.5 54.6 46.9 39.5 43.9 40

 41 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 41

 42 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 42

 43 Treasury currency 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 43

 44 Credit market instruments 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 44

 45 U.S. savings securities 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 45

 46 Treasury bills 3.7 10.4 -0.7 5.1 5.6 7.4 9.6 6.4 3.9 12.0 46

 47 Other Treasury securities -3.2 -8.7 8.6 3.6 -6.2 5.4 14.1 4.6 -0.0 -2.8 47

 48 Budget agency securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 48

 49 Multifamily residential mortgages 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 49

 50 Trade payables 0.6 0.8 0.7 -0.0 -0.1 -1.0 -1.0 0.3 1.1 -0.5 50

 51 Insurance reserves 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 51

 52 Miscellaneous liabilities 14.5 15.4 17.1 19.1 20.0 25.9 29.4 30.2 30.9 32.0 52

 53 Nonmarketable securities held by pension plans (5) 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 53

 54 Claims of pension fund on sponsor 13.2 14.5 15.7 17.0 18.9 22.9 25.8 27.2 29.2 29.2 54

 55 Other -0.1 -0.4 0.1 0.7 -0.4 0.5 0.8 0.0 -0.4 -0.0 55

 56 Discrepancy -0.5 -2.3 -0.9 2.9 0.4 -2.5 -0.8 -2.1 -0.9 0.2 56

 Memo:

 57 Change in cash balance (6) -1.2 -0.4 1.2 -1.2 0.5 2.8 3.2 -0.3 -1.7 -4.6 57

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

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

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

 the government purchased from depository institutions and finance companies.

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

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

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 29) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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Historical Annuals, 1965-1974, March 6, 2014 19

F.106 Rest of the World

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Foreign income from U.S. 38.9 45.2 48.7 56.5 62.1 68.8 76.7 91.2 109.9 150.5 1

 2 U.S. imports 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 2

 3 U.S. income payments to rest of world 2.6 3.0 3.3 4.0 5.7 6.4 6.4 7.7 10.9 14.3 3

 4 Current taxes and trans. payments to rest of world 4.7 5.1 5.5 5.9 5.9 6.6 7.9 9.2 7.9 8.7 4

 5 Foreign outlays to U.S. 45.0 49.0 52.1 58.0 63.7 72.5 77.0 87.1 118.8 156.5 5

 6 U.S. exports 37.1 40.9 43.5 47.9 51.9 59.7 63.0 70.8 95.3 126.7 6

 7 U.S. income receipts from rest of world 7.9 8.1 8.7 10.1 11.8 12.8 14.0 16.3 23.5 29.8 7

 8 - Net capital transfers paid (1) 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 8

 9 Gross saving less net capital transfers paid (2) -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.1 -8.8 -5.9 9

 10 Gross investment -5.0 -3.7 -2.4 -1.0 1.1 -2.1 11.2 7.7 -4.5 0.5 10

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

 12 Net lending (+) or net borrowing (-) -5.0 -3.7 -2.4 -1.0 1.1 -2.1 11.2 7.7 -4.5 0.5 12

 13 Net acquisition of financial assets 2.5 4.1 8.4 10.9 11.4 8.3 24.9 22.4 16.2 27.9 13

 14 Monetary gold (3) 1.7 0.6 1.2 1.2 -1.0 0.8 0.9 0.5 0.0 0.0 14

 15 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 15

 16 Net interbank assets 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -2.7 -0.2 16

 17 U.S. checkable deposits and currency 0.3 0.7 0.6 0.9 0.8 1.0 0.3 2.2 3.8 3.8 17

 18 U.S. time deposits 0.6 0.3 1.3 -0.3 1.4 -1.7 0.3 2.9 2.8 7.7 18

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

 20 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 20

 21 Credit market instruments 0.5 -0.1 2.8 2.6 0.6 11.8 27.9 10.3 1.5 5.1 21

 22 Open market paper 0.4 0.2 0.0 0.6 1.0 0.5 -0.2 -0.1 0.3 0.4 22

 23 Treasury securities -0.3 -1.9 2.1 -0.7 -2.3 9.5 26.6 8.2 -0.2 4.0 23

 24 Official -0.1 -1.5 2.2 -0.8 -2.3 9.4 26.6 8.2 0.1 3.3 24

 25 Private -0.1 -0.4 -0.1 0.1 -0.1 0.1 -0.0 -0.0 -0.2 0.7 25

 26 Agency- and GSE-backed securities 0.3 0.3 0.3 0.3 0.3 0.3 0.0 0.1 0.1 -0.5 26

 27 Official -0.0 0.0 0.0 0.0 -0.1 0.0 -0.0 0.3 0.6 0.9 27

 28 Private 0.3 0.3 0.3 0.3 0.4 0.3 0.0 -0.1 -0.5 -1.4 28

 29 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 U.S. corporate bonds (4) 0.0 1.2 0.3 2.3 1.6 1.5 1.5 2.1 1.3 1.0 30

 31 Loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 31

 32 U.S. corporate equities -0.4 -0.3 0.7 2.1 1.6 0.7 0.8 2.4 2.8 0.2 32

 33 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Trade receivables 0.2 0.6 0.7 1.5 1.0 1.6 -0.1 1.0 2.0 2.1 34

 35 Security credit 0.0 0.0 0.1 0.3 -0.2 -0.1 -0.0 0.1 -0.0 -0.0 35

 36 Miscellaneous assets -0.5 -0.5 0.6 0.6 -5.0 -0.3 -1.2 3.0 5.6 9.1 36

 37 Foreign direct investment in U.S. (5) 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 37

 38 Other -0.9 -0.9 -0.1 -0.3 -6.3 -1.8 -1.6 2.0 2.8 4.4 38

 39 Net increase in liabilities 7.4 7.8 10.8 12.0 10.3 10.4 13.7 14.8 20.7 27.4 39

 40 U.S. official reserve assets 0.4 0.0 1.1 2.0 0.2 -1.7 -1.5 0.6 -0.2 1.5 40

 41 U.S. private deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 41

 42 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 43 Credit market instruments 2.5 1.9 3.9 2.7 3.2 2.8 5.1 4.4 6.3 13.8 43

 44 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 44

 45 Bonds 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 45

 46 Depository institution loans n.e.c. 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 46

 47 Official 0.1 -0.1 0.0 -0.2 -0.0 -0.1 0.2 0.2 0.4 0.3 47

 48 Banks 0.2 0.1 -0.4 0.1 0.2 -0.1 0.9 1.1 1.6 3.1 48

 49 Other 0.3 -0.1 0.0 -0.3 -0.4 0.0 0.9 1.7 0.7 1.3 49

 50 Other loans and advances 1.5 1.2 3.0 2.0 2.4 2.1 2.1 0.4 2.6 6.6 50

 51 Foreign corporate equities (6) 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 51

 52 Trade payables -0.1 0.3 0.5 0.4 0.8 1.0 0.5 0.5 1.9 3.1 52

 53 Security debt 0.0 0.0 0.2 0.2 -0.2 0.0 0.0 0.1 -0.2 -0.0 53

 54 Miscellaneous liabilities 4.5 5.5 4.9 5.6 6.2 8.5 8.9 8.7 12.0 9.8 54

 55 U.S. equity in IBRD, etc. 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 55

 56 Nonofficial foreign currencies 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 56

 57 U.S. direct investment abroad (4,5) 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 57

 58 Investment by holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 1.0 58

 59 Other -0.6 -0.2 0.2 0.2 0.2 0.6 1.2 0.8 -2.8 -0.3 59

 60 Discrepancy (FOF basis) (7) -1.2 -0.1 -1.1 -0.5 -2.7 -1.6 -11.5 -3.6 -4.3 -6.4 60

 Memo:

 61 Net U.S. exports, NIPA basis 5.6 3.9 3.6 1.3 1.4 3.9 0.6 -3.4 4.1 -0.8 61

 62 + Net U.S. income receipts (8) 5.3 5.1 5.4 6.1 6.1 6.4 7.6 8.6 12.6 15.5 62

 63 - Current taxes and trans. payments to rest of world 4.7 5.1 5.5 5.9 5.9 6.6 7.9 9.2 7.9 8.7 63

 64 = Balance on current account, NIPAs 6.2 3.8 3.5 1.5 1.6 3.7 0.3 -4.0 8.9 6.0 64

(1) Table F.9, line 64.

(2) Line 1 minus line 5 minus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 63 with the sign reversed minus line 8.

(3) U.S. net sales, sign reversed.

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

(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Balance of payments discrepancy adjusted to NIPA concepts.

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
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20 Historical Annuals, 1965-1974, March 6, 2014

F.107 Financial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving less net capital transfers paid 6.2 6.9 6.9 7.9 8.3 8.9 10.8 12.6 14.2 14.8 1

 2 Gross investment 6.5 7.3 8.0 10.1 4.1 3.9 7.5 7.0 14.0 8.2 2

 3 Capital expenditures 3.5 3.6 4.0 5.1 5.6 5.8 6.9 7.3 9.6 11.9 3

 4 Fixed residential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 4

 5 Fixed nonresidential investment 3.5 3.6 4.0 5.1 5.5 5.8 6.9 7.2 9.5 11.9 5

 6 Net lending (+) or net borrowing (-) 3.1 3.7 4.0 5.0 -1.5 -1.9 0.6 -0.3 4.4 -3.8 6

 7 Net acqisition of financial assets 100.8 96.0 121.2 144.7 135.8 159.0 207.9 260.7 279.8 237.6 7

 8 U.S. official reserve assets -1.5 -0.3 -0.7 -1.0 -0.4 -0.7 -0.8 -0.5 -0.1 0.1 8

 9 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 9

 10 Treasury currency 0.2 0.7 0.5 0.2 0.1 0.3 0.5 0.7 0.4 0.5 10

 11 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Net interbank assets 0.3 2.3 1.7 3.1 0.3 2.8 3.9 0.6 1.9 -2.3 12

 13 Checkable deposits and currency 0.2 0.1 0.3 0.9 -0.1 0.2 0.7 1.1 0.6 0.7 13

 14 Time and savings deposits 0.5 0.5 0.8 0.8 0.7 1.0 1.0 1.3 2.2 4.4 14

 15 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Federal funds and security repos 0.1 0.8 -0.4 0.1 0.8 0.7 0.9 -0.3 3.1 0.6 16

 17 Credit market instruments 68.5 56.5 69.4 82.9 72.3 92.1 121.5 164.0 200.0 170.4 17

 18 Open market paper -0.0 0.6 1.2 0.4 2.6 1.8 1.0 3.1 2.6 7.3 18

 19 Treasury securities -0.0 0.8 9.6 6.6 -9.8 13.0 5.7 2.5 -1.2 -0.3 19

 20 Agency- and GSE-backed securities 0.9 1.4 3.2 2.8 1.6 6.8 8.6 11.5 13.2 11.0 20

 21 Municipal securities 4.7 2.6 10.4 9.5 1.5 12.6 16.6 11.8 9.3 7.0 21

 22 Corporate and foreign bonds 7.8 9.2 12.5 9.3 8.9 13.9 15.4 17.4 11.3 15.1 22

 23 Depository institution loans n.e.c. 15.9 10.9 7.6 13.3 13.5 7.8 10.2 25.0 45.8 41.6 23

 24 Other loans and advances 3.5 4.3 -0.5 4.8 17.3 5.5 1.1 4.7 19.4 27.3 24

 25 Mortgages 26.8 20.8 20.5 25.5 26.9 27.1 50.0 69.1 76.3 53.1 25

 26 Consumer credit 8.9 5.8 5.0 10.7 9.8 3.7 13.0 18.9 23.3 8.2 26

 27 Corporate equities 10.5 11.8 14.6 19.0 21.2 9.2 19.9 21.1 14.1 6.7 27

 28 Mutual fund shares 0.0 0.1 0.0 0.1 0.6 0.5 -0.2 -0.1 0.9 1.1 28

 29 Trade receivables 0.2 0.2 0.3 0.3 0.4 0.5 0.3 1.2 0.6 0.5 29

 30 Security credit 0.2 0.6 4.7 4.2 -4.6 0.2 3.4 8.5 -7.8 -2.6 30

 31 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Miscellaneous assets 21.6 22.6 29.9 34.2 44.5 51.8 56.8 63.1 63.9 57.5 32

 33 Net increase in liabilities 97.7 92.3 117.2 139.7 137.3 160.9 207.4 261.0 275.4 241.4 33

 34 Net interbank liabilities 0.6 6.1 2.0 6.0 12.9 -3.7 -2.9 -5.6 -0.1 -0.5 34

 35 Checkable deposits and currency 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 35

 36 Time and savings deposits 33.2 20.3 40.6 33.3 -0.7 54.9 81.8 88.4 78.4 77.9 36

 37 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 37

 38 Federal funds and security repos 0.8 -0.0 -0.7 0.6 5.9 -3.6 3.7 1.6 15.8 1.5 38

 39 Credit market instruments 8.7 10.9 0.9 10.3 27.5 16.3 10.4 23.5 46.6 50.8 39

 40 Open market paper 1.2 3.7 2.7 3.0 11.4 0.3 0.8 0.9 7.0 13.4 40

 41 Agency- and GSE-backed securities 2.2 5.5 0.1 3.8 9.7 9.8 5.9 8.4 19.9 21.1 41

 42 Corporate and foreign bonds 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 42

 43 Depository institution loans n.e.c. 3.3 -0.6 -0.4 1.7 1.4 2.2 1.6 6.3 6.8 1.9 43

 44 Other loans and advances 0.9 0.7 -2.6 1.1 3.7 1.3 -2.7 0.0 7.2 7.4 44

 45 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 45

 46 Corporate equities -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 46

 47 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 47

 48 Trade payables 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 48

 49 Security credit 0.7 0.8 3.8 3.7 -3.1 0.5 1.3 4.9 -3.6 -2.1 49

 50 Life insurance reserves 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 50

 51 Pension entitlements 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 51

 52 Taxes payable 0.0 -0.0 -0.2 0.2 0.2 0.6 -0.0 0.0 0.2 0.1 52

 53 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 53

 54 Miscellaneous liabilities 4.5 0.7 4.8 9.7 14.0 18.3 21.4 38.6 32.2 9.9 54

 55 Discrepancy -0.3 -0.4 -1.1 -2.2 4.2 5.0 3.4 5.6 0.2 6.6 55

(1) Sum of financial sectors shown on tables F.108 and F.110 through F.130.
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Historical Annuals, 1965-1974, March 6, 2014 21

F.108 Monetary Authority (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.1 2

 3 Net acquisition of financial assets 2.3 4.5 4.8 4.0 4.0 5.4 8.5 2.2 8.1 6.5 3

 4 U.S. official reserve assets -1.5 -0.3 -0.7 -1.0 -0.4 -0.7 -0.8 -0.5 -0.1 0.1 4

 5 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 5

 6 Treasury currency 0.2 0.7 0.5 0.2 0.1 0.3 0.5 0.7 0.4 0.5 6

 7 Federal Reserve float (2) -0.4 0.3 -0.0 1.0 -0.0 0.8 0.1 -0.4 -0.9 -1.1 7

 8 Interbank loans (2) -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 8

 9 Discount window (3) -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 9

 10 AMLF (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Security repurchase agreements -0.2 0.4 -0.5 -0.3 0.0 0.0 1.5 -1.4 -0.0 1.3 11

 12 Credit market instruments 4.0 3.1 5.3 3.9 4.2 5.0 7.4 1.6 9.3 4.9 12

 13 Open market paper 0.0 -0.0 0.0 -0.0 0.0 -0.0 0.0 -0.0 -0.0 0.5 13

 14 Treasury securities 4.0 3.2 5.3 4.0 4.2 5.0 6.9 0.8 8.7 1.6 14

 15 Treasury bills 3.1 7.1 -0.2 2.8 3.5 3.7 4.2 -0.5 7.2 -0.1 15

 16 Other Treasury securities 0.9 -3.9 5.5 1.2 0.7 1.3 2.7 1.3 1.4 1.7 16

 17 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.8 0.6 2.8 17

 18 Mortgage-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Other agency- and GSE-baked securities 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.8 0.6 2.8 19

 20 Depository institution loans n.e.c. 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Households (TALF) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Rest of world 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Brokers and dealers (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Funding corporations (Maiden Lane III) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Funding corporations (CPFF) (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Corporate equities (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Miscellaneous assets 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 30

 31 Nonofficial foreign currencies (12) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Other 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 32

 33 Net increase in liabilities 2.3 4.4 4.8 3.9 4.0 5.4 8.4 2.1 8.1 6.5 33

 34 Depository institution reserves 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 34

 35 Vault cash of depository institutions 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 35

 36 Checkable deposits and currency 1.9 2.4 2.9 1.5 3.3 3.1 4.5 3.1 3.4 6.9 36

 37 Due to federal government -0.2 0.2 0.9 -1.1 0.6 -0.4 0.9 -1.1 -0.5 0.4 37

 38 Treasury cash holdings 0.1 0.4 0.2 -0.6 -0.0 -0.2 0.0 -0.1 -0.0 -0.1 38

 39 Treasury general deposit account -0.3 -0.3 0.7 -0.4 0.6 -0.2 0.9 -1.0 -0.5 0.6 39

 40 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Due to rest of the world -0.1 0.2 -0.0 0.1 -0.1 -0.0 0.1 -0.1 -0.1 0.2 41

 42 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 43 Currency outside banks 2.1 2.0 2.0 2.5 2.8 3.5 3.5 4.3 3.9 6.3 43

 44 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 Miscellaneous liabilities -0.3 0.1 0.1 0.4 0.3 0.5 -0.2 0.0 1.3 -0.2 45

 46 Federal Reserve Bank stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 46

 47 Other -0.3 0.1 0.1 0.3 0.3 0.5 -0.2 -0.0 1.2 -0.2 47

 48 Discrepancy -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.2 -0.0 0.0 -0.0 48

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

(2) Shown on table F.203.

(3) Federal Reserve loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.

(4) Federal Reserve loans extended to U.S.-chartered depository institutions through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
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22 Historical Annuals, 1965-1974, March 6, 2014

F.109 Private Depository Institutions (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving less net capital transfers paid (2) 4.1 3.7 3.4 4.5 5.5 5.5 5.5 6.3 7.8 8.5 1

 2 Fixed nonresidential investment 1.1 1.2 1.2 1.5 1.8 1.7 2.2 2.2 3.3 4.3 2

 3 Net lending (+) or net borrowing (-) 1.8 2.0 2.6 2.9 -1.0 -4.4 -2.5 -3.8 1.9 -4.1 3

 4 Net acquisition of financial assets 44.8 30.0 56.6 60.5 29.4 59.3 97.8 125.1 121.1 98.0 4

 5 Vault cash 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 5

 6 Reserves at Federal Reserve 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 6

 7 Credit market instruments 43.1 27.2 50.9 54.4 30.3 54.6 87.5 114.2 121.6 99.6 7

 8 Open market paper -0.5 -0.0 1.0 0.0 0.6 1.4 0.5 0.0 -0.5 1.4 8

 9 Treasury securities -3.2 -3.6 7.7 2.2 -11.5 5.7 2.8 1.9 -10.3 -5.1 9

 10 Agency- and GSE-backed securities 0.7 0.5 3.3 1.8 1.0 6.4 8.0 8.1 10.0 5.2 10

 11 Municipal securities 5.1 2.3 9.1 8.6 0.7 10.7 12.8 7.6 5.8 5.7 11

 12 Corporate and foreign bonds -0.2 0.3 3.0 1.6 0.5 3.8 5.8 4.0 -2.7 0.9 12

 13 Depository institution loans n.e.c. 15.9 10.9 7.6 13.3 13.5 7.8 10.2 25.0 45.8 41.6 13

 14 Other loans and advances 0.0 0.2 0.7 0.1 1.0 1.6 0.8 -1.0 2.0 9.6 14

 15 Mortgages 18.8 12.5 14.0 18.5 17.5 13.8 35.9 53.2 53.0 34.1 15

 16 Consumer credit 6.7 4.1 4.5 8.4 7.0 3.5 10.7 15.3 18.7 6.2 16

 17 Corporate equities 0.2 0.1 0.2 0.3 0.2 0.4 0.5 0.6 0.4 0.2 17

 18 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Security credit -0.2 0.6 1.5 1.3 -1.1 1.4 0.8 4.8 -3.4 -1.0 19

 20 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Miscellaneous assets 0.9 0.2 2.3 2.4 -0.3 1.1 4.9 6.6 -1.0 -0.6 21

 22 Net increase in liabilities 43.0 28.0 54.0 57.5 30.4 63.7 100.3 128.9 119.2 102.0 22

 23 Net interbank liabilities -0.1 4.1 0.2 3.9 12.5 -5.5 -7.0 -4.6 -3.6 -0.2 23

 24 Checkable deposits 5.4 2.1 12.4 13.6 4.8 9.7 13.6 21.3 13.3 0.0 24

 25 Small time and savings deposits 27.3 18.0 34.7 26.6 14.4 30.6 68.4 70.7 39.4 36.9 25

 26 Large time deposits 5.9 2.3 5.9 6.7 -15.1 24.2 13.5 17.7 39.1 41.0 26

 27 Federal funds and security repos (net) 1.2 -0.1 -0.0 0.9 5.8 -4.1 3.8 2.4 15.6 2.4 27

 28 Credit market instruments 1.5 1.3 -1.6 1.2 4.9 3.0 -1.0 0.2 9.2 16.5 28

 29 Open market paper 0.0 0.2 0.7 0.1 1.0 1.6 0.8 -1.0 2.0 9.7 29

 30 Corporate bonds 0.8 0.1 0.3 0.3 -0.2 0.1 0.9 1.1 0.0 0.2 30

 31 Other loans and advances 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 31

 32 Corporate equity issues -0.1 -0.0 -0.0 -0.1 -0.0 0.1 0.6 1.2 1.2 1.0 32

 33 Taxes payable (net) -0.1 -0.1 -0.1 -0.0 0.1 0.4 0.0 -0.2 0.1 0.2 33

 34 Miscellaneous liabilities 2.0 0.3 2.4 4.6 3.0 5.2 8.5 20.2 4.9 4.3 34

 35 Foreign direct investment in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 35

 36 Investment by holding companies 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 1.5 6.0 36

 37 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 Other 2.0 0.3 2.4 4.6 -1.0 -0.8 3.4 14.2 3.3 -2.0 38

 39 Discrepancy 1.1 0.5 -0.4 0.1 4.7 8.2 5.8 7.9 2.6 8.3 39

 Memo:

 40 Consumer leases not included above (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

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

(2) Net capital transfers paid from table F.9, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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Historical Annuals, 1965-1974, March 6, 2014 23

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving less net capital transfers paid (1) 3.9 3.5 3.2 4.3 5.3 5.2 5.3 6.0 7.4 8.1 1

 2 Fixed nonresidential investment 1.1 1.1 1.1 1.4 1.7 1.6 2.1 2.1 3.1 4.1 2

 3 Net acquisition of financial assets 43.7 28.0 55.4 57.8 25.4 55.5 94.8 119.8 113.0 86.6 3

 4 Vault cash 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 4

 5 Reserves at Federal Reserve 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 5

 6 Credit market instruments 41.8 25.5 49.2 52.5 26.3 49.6 85.1 110.4 113.1 87.3 6

 7 Open market paper -0.6 -0.1 0.9 -0.0 0.4 1.0 0.4 -0.1 -0.7 0.8 7

 8 Treasury securities -3.2 -3.6 7.5 2.1 -11.7 5.7 2.8 1.6 -10.5 -5.0 8

 9 Agency- and GSE-backed securities 0.6 0.4 3.2 1.6 0.8 6.1 7.8 7.3 9.6 4.8 9

 10 Residential mortgage pass-through securities 0.0 0.2 0.2 0.4 0.1 0.7 0.9 1.1 3.4 1.5 10

 11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Other 0.6 0.2 3.0 1.2 0.7 5.4 6.8 6.2 6.2 3.2 14

 15 Municipal securities 5.1 2.3 9.0 8.6 0.6 10.5 13.0 7.6 5.7 5.5 15

 16 Corporate and foreign bonds -0.3 0.3 2.8 1.7 0.5 3.5 6.1 4.0 -2.7 0.8 16

 17 Private residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Private residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Other -0.3 0.3 2.8 1.7 0.5 3.5 6.1 4.0 -2.7 0.8 21

 22 Depository institution loans n.e.c. 15.8 10.5 7.5 12.9 12.3 5.3 9.6 24.6 41.8 35.3 22

 23 Other loans and advances 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.7 23

 24 Mortgages 18.7 12.4 14.0 18.6 17.5 13.9 35.7 53.1 52.4 33.5 24

 25 Consumer credit 5.6 3.1 3.7 6.9 5.1 2.3 8.9 13.1 16.0 4.0 25

 26 Corporate equities 0.2 0.0 0.2 0.3 0.2 0.3 0.5 0.6 0.4 0.2 26

 27 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Security credit 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 28

 29 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Miscellaneous assets 0.9 -0.0 2.7 1.7 -0.4 2.3 4.3 5.2 -1.1 0.3 30

 31 Net increase in liabilities 42.0 26.0 52.8 55.0 26.6 59.9 97.4 123.7 110.9 90.8 31

 32 Net interbank liabilities 0.1 3.7 0.8 3.7 11.5 -3.9 -7.0 -6.0 -5.9 -4.4 32

 33 Federal Reserve float -0.4 0.3 -0.0 1.0 -0.0 0.8 0.1 -0.4 -0.9 -1.1 33

 34 Borrowing from Federal Reserve banks -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 34

 35 To domestic banking 0.2 0.7 0.7 0.9 0.3 1.3 -1.8 -6.8 -3.4 -0.1 35

 36 To foreign banks 0.3 2.7 0.2 1.8 11.3 -6.1 -5.1 -0.8 -0.9 -2.2 36

 37 Checkable deposits 5.5 1.6 12.0 12.2 4.7 5.2 13.0 24.3 12.7 -1.2 37

 38 Federal government -1.0 -0.5 0.2 -0.2 0.0 2.9 2.2 0.7 -1.0 -5.1 38

 39 Rest of the world 0.2 0.2 0.3 0.3 0.4 0.5 -0.5 1.4 2.2 2.1 39

 40 Private domestic 6.3 2.0 11.5 12.1 4.3 1.7 11.3 22.2 11.4 1.8 40

 41 Small time and savings deposits 26.3 17.2 33.7 25.4 12.5 28.8 65.4 67.4 36.3 33.8 41

 42 Large time deposits 5.8 2.3 5.8 6.6 -15.8 23.8 13.2 18.0 38.1 39.9 42

 43 Federal funds and security repos (net) 1.2 -0.1 -0.0 0.9 5.8 -4.1 3.8 2.4 15.6 2.4 43

 44 Credit market instruments 1.5 1.2 -1.7 1.2 4.7 2.7 -1.2 0.4 8.8 14.6 44

 45 Open market paper 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.8 45

 46 Corporate bonds 0.8 0.1 0.3 0.3 -0.2 0.1 0.9 1.1 0.0 0.2 46

 47 Other loans and advances 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 47

 48 Corporate equity issues -0.1 -0.0 -0.0 -0.1 -0.0 0.1 0.6 1.2 1.2 1.0 48

 49 Taxes payable (net) -0.1 -0.1 -0.1 -0.0 0.1 0.4 0.0 -0.2 0.1 0.2 49

 50 Miscellaneous liabilities 1.8 0.2 2.4 5.1 3.2 6.9 9.5 16.3 4.0 4.5 50

 51 Investment by holding companies 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 1.5 6.0 51

 52 Other 1.8 0.2 2.4 5.1 -0.8 0.9 4.5 10.3 2.5 -1.5 52

 53 Discrepancy 1.2 0.5 -0.4 0.1 4.8 8.0 5.7 7.8 2.3 8.1 53

 Memo:

 54 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

(1) Net capital transfers paid from table F.9, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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24 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 2

 3 Net acquisition of financial assets 0.0 0.7 0.1 0.9 0.9 2.1 0.6 2.2 4.4 8.5 3

 4 Vault cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 0.2 0.5 0.7 0.4 1.6 3.5 0.0 0.6 4.8 9.1 6

 7 Open market paper 0.0 0.1 0.0 0.1 0.2 0.4 0.1 0.1 0.2 0.7 7

 8 Treasury securities 0.1 -0.1 0.1 0.0 0.0 -0.1 -0.2 0.1 -0.0 0.1 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.1 9

 10 Municipal securities 0.0 0.0 0.1 -0.1 0.0 0.2 -0.2 -0.0 0.0 0.1 10

 11 Corporate and foreign bonds 0.0 0.0 0.2 -0.1 0.0 0.3 -0.3 -0.1 -0.0 0.0 11

 12 Depository institution loans n.e.c. 0.1 0.4 0.1 0.4 1.2 2.5 0.5 0.4 4.0 6.3 12

 13 Other loans and advances 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 13

 14 Mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 14

 15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 15

 16 Security credit -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 16

 17 Miscellaneous assets 0.0 0.1 -0.6 0.5 -0.8 -1.4 0.6 1.4 0.1 -0.6 17

 18 Net increase in liabilities 0.0 0.7 0.2 1.0 0.9 2.2 0.7 2.2 4.4 8.5 18

 19 Net interbank liabilities -0.2 0.3 -0.2 0.1 0.6 -0.9 1.2 2.2 2.3 4.6 19

 20 To foreign banks -0.2 0.2 0.4 0.4 1.0 -0.3 0.4 0.0 -1.8 2.0 20

 21 To domestic banks 0.0 0.1 -0.6 -0.3 -0.4 -0.6 0.7 2.2 4.0 2.6 21

 22 Checkable deposits -0.2 0.2 0.1 1.1 -0.0 4.2 0.2 -3.3 0.3 1.2 22

 23 Small time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.1 0.1 23

 24 Large time deposits 0.1 0.0 0.1 0.1 0.2 0.3 0.2 -0.3 0.8 1.0 24

 25 Federal funds and security repos (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Acceptance liabilities 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 26

 27 Miscellaneous liabilities 0.3 0.1 0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.6 -0.4 27

 28 Foreign direct investment in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 28

 29 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Other 0.3 0.1 -0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.5 -0.6 30

 31 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 31

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).
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Historical Annuals, 1965-1974, March 6, 2014 25

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.1 0.2 0.2 0.2 1.1 0.4 0.4 0.3 0.2 0.2 3

 4 Credit market instruments 0.1 0.1 0.1 0.1 0.2 0.1 0.3 0.3 0.1 0.5 4

 5 Treasury securities -0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 -0.1 -0.2 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 7

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

 9 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Home mortgages 0.1 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.1 10

 11 Commercial mortgages 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 11

 12 Miscellaneous assets 0.0 0.1 0.1 0.1 0.9 0.3 0.1 0.0 0.1 -0.2 12

 13 Net increase in liabilities 0.1 0.3 0.3 0.3 1.0 0.5 0.5 0.4 0.4 0.1 13

 14 Net interbank liabilities 0.0 -0.0 -0.1 -0.0 -0.0 -0.1 -0.1 -0.2 -0.3 0.2 14

 15 Checkable deposits 0.1 0.3 0.3 0.3 0.1 0.3 0.4 0.3 0.3 0.0 15

 16 Small time and savings deposits 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 16

 17 Large time deposits 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 17

 18 Miscellaneous liabilities -0.0 0.0 0.0 0.0 -0.0 0.1 0.1 0.1 0.3 -0.2 18

 19 Discrepancy -0.0 0.0 0.0 0.0 -0.0 0.1 0.1 0.1 0.2 -0.2 19

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

F.113 Credit Unions

Billions of dollars

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

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 1.0 1.1 0.8 1.5 2.0 1.3 2.0 2.8 3.5 2.7 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 1.0 1.1 0.9 1.5 2.1 1.4 2.0 2.9 3.6 2.7 5

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

 7 Treasury securities 0.0 0.0 0.0 0.0 0.2 0.0 0.0 -0.0 0.3 0.1 7

 8 Agency- and GSE-backed securities 0.0 0.1 0.1 0.1 0.1 0.3 0.2 0.6 0.2 0.3 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Home mortgages -0.0 0.0 -0.1 -0.1 -0.2 -0.3 0.0 0.2 0.4 0.1 12

 13 Consumer credit 1.0 1.0 0.8 1.4 2.0 1.3 1.8 2.2 2.7 2.3 13

 14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Miscellaneous assets -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 -0.1 15

 16 Net increase in liabilities 0.9 1.0 0.7 1.3 1.9 1.2 1.8 2.5 3.4 2.7 16

 17 Net interbank liabilities -0.0 0.1 -0.3 0.2 0.5 -0.6 -1.0 -0.7 0.4 -0.6 17

 18 Shares/deposits 1.0 0.9 1.0 1.2 1.4 1.7 2.9 3.3 2.9 3.0 18

 19 Checkable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Small time and savings 1.0 0.8 1.0 1.2 1.4 1.7 2.9 3.3 2.9 3.0 20

 21 Large time 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Federal funds and security repos (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

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

 24 Miscellaneous liabilities -0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.1 0.3 24

 25 Discrepancy -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.1 0.3 25
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26 Historical Annuals, 1965-1974, March 6, 2014

F.114 Property-Casualty Insurance Companies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving less net capital transfers paid (1) 0.1 0.7 0.7 0.6 0.3 1.1 2.0 2.4 1.8 0.8 1

 2 Fixed nonresidential investment 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.7 2

 3 Net acquisition of financial assets 1.2 2.1 2.1 3.2 3.1 5.6 6.9 8.2 6.9 5.2 3

 4 Checkable deposits and currency -0.1 0.0 -0.0 0.1 -0.0 0.1 0.1 0.0 -0.0 0.1 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 1.0 1.5 1.4 1.9 1.6 3.8 3.8 3.7 3.4 4.6 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Treasury securities -0.2 -0.5 -0.7 -0.4 -0.5 -0.1 -0.2 -0.3 -0.1 0.0 9

 10 Agency- and GSE-backed securities 0.1 0.7 -0.1 0.2 0.2 0.0 0.3 0.4 0.0 0.4 10

 11 Municipal securities 0.4 0.7 1.5 0.9 1.1 1.5 3.5 4.3 3.6 2.2 11

 12 Corporate and foreign bonds 0.6 0.6 0.7 1.2 0.8 2.3 0.3 -0.7 -0.1 2.0 12

 13 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 13

 14 Corporate equities 0.1 0.4 0.3 0.8 1.0 1.0 2.5 3.0 2.4 -0.5 14

 15 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Trade receivables 0.2 0.2 0.3 0.3 0.4 0.5 0.3 1.2 0.6 0.5 16

 17 Miscellaneous assets 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 17

 18 Net increase in liabilities 1.7 1.9 2.2 2.7 4.0 3.9 4.1 5.4 5.4 5.5 18

 19 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Corporate equity issues 0.1 0.1 0.1 0.2 0.5 0.4 0.6 0.5 0.5 0.9 20

 21 Taxes payable (net) 0.1 0.0 0.0 -0.0 0.1 0.1 -0.0 0.1 0.0 0.0 21

 22 Miscellaneous liabilities 1.5 1.8 2.1 2.5 3.4 3.4 3.6 4.8 4.8 4.6 22

 23 Discrepancy 0.2 0.2 0.5 -0.2 0.8 -1.1 -1.2 -0.8 -0.3 0.3 23

(1) Net capital transfers paid from table F.9, line 51.

F.115 Life Insurance Companies (1)

Billions of dollars

 1 Gross saving 0.9 1.0 1.0 1.0 0.9 1.1 1.3 1.4 1.8 2.2 1

 2 Fixed nonresidential investment 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 2

 3 Net acquisition of financial assets 8.8 8.6 8.7 9.4 9.5 9.9 12.7 14.4 16.9 16.6 3

 4 Checkable deposits and currency 0.0 0.0 0.0 0.1 -0.0 0.1 0.0 0.2 0.1 -0.1 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 7.6 8.1 7.4 7.3 6.9 7.0 8.2 9.7 12.3 12.9 7

 8 Open market paper 0.0 0.1 0.1 0.0 0.8 0.8 0.6 0.2 0.0 1.1 8

 9 Treasury securities -0.5 -0.2 -0.2 -0.2 -0.3 -0.1 -0.2 -0.0 -0.4 -0.1 9

 10 Agency- and GSE-backed securities 0.0 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 10

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

 12 Corporate and foreign bonds 2.8 2.4 3.8 3.7 1.7 1.5 5.5 7.0 5.9 4.0 12

 13 Other loans and advances 0.5 1.4 0.9 1.2 2.5 2.2 1.0 0.9 2.2 2.7 13

 14 Mortgages 4.9 4.6 2.9 2.5 2.1 2.3 1.1 1.5 4.4 4.9 14

 15 Corporate equities 0.7 0.2 1.0 1.3 1.3 1.6 4.0 3.8 3.3 1.9 15

 16 Mutual fund shares 0.0 0.0 0.0 0.0 0.4 0.4 -0.4 -0.3 0.2 0.4 16

 17 Miscellaneous assets 0.5 0.2 0.3 0.6 0.9 0.8 0.9 1.0 0.9 1.4 17

 18 Net increase in liabilities 7.9 8.0 8.1 8.7 9.6 9.7 12.8 13.8 15.5 15.6 18

 19 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

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

 22 Life insurance reserves 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 22

 23 Pension entitlements (2) 2.1 2.1 1.5 2.3 3.1 2.9 4.6 4.4 5.7 6.0 23

 24 Taxes payable (net) -0.0 0.1 -0.1 0.2 0.1 0.1 -0.0 0.0 0.0 -0.0 24

 25 Miscellaneous liabilities 1.2 1.2 1.6 1.5 1.4 1.5 1.9 2.6 2.5 2.6 25

 26 Discrepancy -0.2 0.1 0.2 0.0 0.7 0.5 1.0 0.4 -0.2 0.5 26

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

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
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Historical Annuals, 1965-1974, March 6, 2014 27

F.116 Private and Public Pension Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 2

 3 Net acquisition of financial assets (2) 33.5 39.4 43.6 49.9 59.3 55.4 59.3 72.7 71.1 78.2 3

 4 Checkable deposits and currency 0.1 -0.1 0.1 0.2 -0.1 0.2 0.4 0.7 0.4 0.6 4

 5 Time and savings deposits 0.4 0.5 0.8 0.7 0.7 0.9 0.9 1.3 2.1 2.7 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security repurchase agreements 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 0.4 0.5 7

 8 Credit market instruments 4.8 6.5 4.2 4.4 4.6 6.2 1.6 10.1 11.9 15.2 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 1.3 2.3 9

 10 Treasury securities -0.1 -0.3 -1.3 0.1 -0.7 -0.4 -1.2 1.0 0.9 2.3 10

 11 Agency- and GSE-backed securities 0.1 0.2 0.0 0.7 0.4 0.2 -0.2 2.0 2.3 2.4 11

 12 Corporate and foreign bonds 3.8 5.5 4.9 3.3 4.6 6.3 3.1 6.2 7.3 8.4 12

 13 Mortgages 1.3 1.3 0.7 0.3 0.4 0.3 -0.1 -0.7 0.3 0.6 13

 14 Corporate equities 8.8 9.5 12.1 14.2 15.8 6.7 12.1 15.8 7.5 4.4 14

 15 Mutual fund shares 0.0 0.1 0.0 0.1 0.2 0.2 0.2 0.3 0.6 0.8 15

 16 Miscellaneous assets 19.3 22.8 26.4 30.2 37.9 41.1 44.0 43.8 48.1 54.1 16

 17 Claims of pension fund on sponsor (3) 17.3 20.5 23.8 27.9 35.5 37.7 40.0 33.5 42.4 46.8 17

 18 Other 0.6 1.0 1.0 0.8 0.8 0.9 0.8 6.7 3.6 4.6 18

 19 Pension entitlements (liabilities) (4) 33.6 39.5 43.7 50.0 59.4 55.5 59.4 72.8 71.2 78.3 19

 Memo:

 20 Household retirement assets (5) ND ND ND ND ND ND ND ND ND ND 20

 21 Defined benefit plans (6) 26.8 31.9 34.9 39.9 48.6 52.9 56.4 63.3 65.5 71.7 21

 22 Defined contribution plans (7) 6.7 7.6 8.8 10.0 10.7 2.5 2.9 9.4 5.6 6.6 22

 23 Individual retirement plans (IRAs) (8) ND ND ND ND ND ND ND ND ND ND 23

 24 Annuities at life insurance companies (9) ND ND ND ND ND ND ND ND ND ND 24

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

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

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

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

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

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

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

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

(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 23.
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28 Historical Annuals, 1965-1974, March 6, 2014

F.117 Private Pension Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.1 2

 3 Net acquisition of financial assets (2) 12.6 16.7 19.1 22.4 28.4 18.3 16.7 26.0 22.6 27.2 3

 4 Checkable deposits and currency 0.0 -0.2 0.1 0.1 0.0 0.1 0.2 0.5 0.7 0.9 4

 5 Time and savings deposits 0.4 0.5 0.6 0.7 0.7 0.9 1.0 1.2 1.5 1.9 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security repurchase agreements 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 0.4 0.5 7

 8 Credit market instruments 1.9 2.8 0.9 1.1 0.8 2.0 -1.6 5.5 6.2 8.9 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 1.3 2.3 9

 10 Treasury securities -0.2 -0.2 -0.3 0.4 -0.2 -0.1 0.0 1.3 2.0 3.2 10

 11 Agency- and GSE-backed securities -0.0 -0.0 -0.1 0.1 0.2 0.3 -0.3 1.5 1.1 1.1 11

 12 Corporate and foreign bonds 1.5 2.5 1.1 0.6 0.6 1.8 -0.8 2.0 2.1 2.3 12

 13 Mortgages 0.6 0.5 0.2 -0.0 0.1 -0.0 -0.5 -0.9 -0.4 -0.0 13

 14 Corporate equities 8.5 9.1 11.4 12.8 14.0 4.6 8.9 12.1 4.1 1.8 14

 15 Mutual fund shares 0.0 0.1 0.0 0.1 0.2 0.2 0.2 0.3 0.6 0.8 15

 16 Miscellaneous assets 1.7 4.3 5.9 7.5 12.5 10.4 8.0 5.6 9.1 12.4 16

 17 Unallocated insurance contracts (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Contributions receivable 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 18

 19 Claims of pension fund on sponsor (4) ND ND ND ND ND ND ND ND ND ND 19

 20 Other 0.6 1.0 1.0 0.8 0.8 0.9 0.8 6.7 3.6 4.6 20

 21 Pension entitlements (liabilities) (5) 12.7 16.8 19.1 22.5 28.5 18.3 16.8 26.1 22.7 27.2 21

 Memo:

 Net acquisition of financial assets (6)

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

 23 Defined contribution plans ND ND ND ND ND ND ND ND ND ND 23

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

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

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

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

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on F.117.b and F.117.c.
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Historical Annuals, 1965-1974, March 6, 2014 29

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets (2) 6.4 6.9 7.6 9.2 10.5 11.8 14.0 16.4 17.2 19.1 3

 4 Checkable deposits and currency 0.0 0.1 -0.1 0.1 -0.1 0.1 0.2 0.2 -0.2 -0.3 4

 5 Time and savings deposits 0.0 0.0 0.2 0.1 -0.1 0.0 -0.1 0.0 0.6 0.7 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit market instruments 2.9 3.7 3.3 3.4 3.8 4.1 3.3 4.6 5.7 6.3 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Treasury securities 0.1 -0.0 -1.0 -0.2 -0.5 -0.3 -1.2 -0.3 -1.1 -0.9 10

 11 Agency- and GSE-backed securities 0.1 0.2 0.1 0.6 0.2 -0.1 0.1 0.6 1.2 1.2 11

 12 Municipal securities -0.3 -0.1 -0.1 -0.0 -0.1 -0.3 0.1 -0.1 -0.3 -0.7 12

 13 Corporate and foreign bonds 2.3 2.9 3.7 2.6 4.0 4.5 3.9 4.2 5.2 6.1 13

 14 Mortgages 0.7 0.8 0.5 0.4 0.2 0.3 0.4 0.2 0.7 0.6 14

 15 Corporate equities 0.4 0.5 0.7 1.3 1.8 2.1 3.2 3.7 3.4 2.6 15

 16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Miscellaneous assets 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 17

 18 Claims of pension fund on sponsor (3) 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 18

 19 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Pension entitlements (liabilities) (4) 6.4 7.0 7.6 9.2 10.5 11.8 14.0 16.5 17.2 19.1 20

(1) Defined benefit plans.

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

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

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

F.119 Federal Government Employee Retirement Funds

Billions of dollars

 1 Net acquisition of financial assets (1) 14.5 15.8 17.0 18.3 20.4 25.3 28.6 30.2 31.3 32.0 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets 14.5 15.8 17.0 18.3 20.4 25.3 28.6 30.2 31.3 32.0 7

 8 Nonmarketable Treasury securities (3) 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 8

 9 Claims of pension fund on sponsor (4) 13.2 14.5 15.7 17.0 18.9 22.9 25.8 27.2 29.2 29.2 9

 10 Pension entitlements (liabilities) (5) 14.5 15.8 17.0 18.3 20.4 25.3 28.6 30.2 31.3 32.0 10

 Memo:

 Net acquisition of financial assets

 11 Defined benefit plans (6) 14.5 15.8 17.0 18.3 20.4 25.3 28.6 30.2 31.3 32.0 11

 12 Defined contibution plans (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

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

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

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

 and foreign service retirement and disability fund.

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

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

 These liabilities are assets of the household sector.

(6) Includes the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, foreign service retirement and disability fund,

 and National Railroad Retirement Investment Trust.

(7) Thrift Savings Plan.
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30 Historical Annuals, 1965-1974, March 6, 2014

F.120 Money Market Mutual Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5

 6 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 7

 8 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 8

 9 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 9

 10 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 12

 13 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).

F.121 Mutual Funds (1)

Billions of dollars

 1 Gross saving -0.1 0.1 0.2 0.1 0.1 -0.1 -0.0 -0.0 -0.3 -0.2 1

 2 Net acquisition of financial assets 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 2

 3 Security repurchase agreements 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 3

 4 Credit market instruments 0.7 1.3 -0.8 -0.2 1.0 0.6 -0.2 0.5 0.6 0.8 4

 5 Open market paper 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 5

 6 Treasury securities 0.0 0.6 -0.5 0.2 -0.5 0.2 -0.3 0.1 -0.0 0.4 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Corporate and foreign bonds 0.4 0.4 -0.4 -0.6 0.9 0.6 0.2 0.5 0.1 0.6 9

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

 11 Corporate equities 1.3 1.0 1.8 2.5 1.8 1.2 0.4 -1.8 -2.2 -0.4 11

 12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Net share issues (liabilities) 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 13

 14 Discrepancy -0.1 0.1 0.2 0.1 0.1 -0.1 -0.0 -0.0 -0.3 -0.2 14

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).

F.122 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets -0.7 0.3 -0.8 0.7 0.5 -2.3 1.1 -0.1 2.7 0.9 1

 2 Credit market instruments 0.0 -0.0 0.1 0.4 -0.0 -0.7 0.6 0.3 0.5 -0.2 2

 3 Treasury securities -0.0 -0.0 0.0 0.1 -0.0 -0.1 0.1 0.1 0.1 -0.1 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.1 0.3 0.0 -0.6 0.4 0.2 0.4 -0.1 5

 6 Corporate equities -0.7 0.3 -1.0 0.3 0.5 -1.6 0.5 -0.4 2.1 1.1 6

 7 Net share issues (liabilities) -0.7 0.3 -0.8 0.7 0.5 -2.3 1.1 -0.1 2.7 0.9 7

 Exchange-traded funds

 8 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
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Historical Annuals, 1965-1974, March 6, 2014 31

F.123 Government-Sponsored Enterprises (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.3 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 2.3 5.0 -0.0 3.3 9.2 10.3 0.7 4.0 18.8 18.2 3

 4 Checkable deposits and currency -0.0 0.0 0.0 0.0 0.0 -0.0 0.1 -0.0 0.1 -0.0 4

 5 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal funds and security repos -0.0 0.0 -0.0 0.0 0.2 0.8 -0.6 0.4 2.3 -1.0 6

 7 Credit market instruments 2.3 5.1 -0.0 3.2 8.6 8.8 1.1 4.0 15.4 20.9 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -0.2 0.9 8

 9 Treasury securities 0.1 0.9 0.0 -0.1 -0.6 1.1 -0.6 -1.2 -0.1 0.3 9

 10 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.1 0.1 10

 11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Other loans and advances 1.0 1.6 -1.8 1.2 4.8 2.3 -2.0 0.8 8.5 9.3 13

 14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Farm Credit System 0.4 0.6 0.7 0.3 0.8 1.0 0.7 0.7 1.4 2.6 15

 16 FHLB loans 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 16

 17 Mortgages 1.1 2.6 1.8 2.2 4.4 5.4 3.6 4.0 7.1 10.3 17

 18 Home 0.5 1.9 1.1 1.6 3.8 4.6 2.1 1.8 3.4 5.6 18

 19 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Other 0.5 1.9 1.1 1.6 3.8 4.6 2.1 1.8 3.4 5.6 20

 21 Multifamily residential -0.0 0.0 -0.0 0.0 0.0 0.3 0.8 1.0 1.8 2.2 21

 22 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Other -0.0 0.0 -0.0 0.0 0.0 0.3 0.8 1.0 1.8 2.2 23

 24 Farm 0.6 0.7 0.7 0.5 0.6 0.5 0.7 1.2 1.9 2.5 24

 25 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Miscellaneous assets 0.1 -0.1 0.0 0.0 0.4 0.8 0.2 -0.3 1.0 -1.8 26

 27 Net increase in liabilities 2.2 5.0 -0.1 3.2 9.2 10.1 0.6 3.9 18.8 18.2 27

 28 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Credit market instruments 2.1 4.8 -0.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 29

 30 GSE issues (4) 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 30

 31 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Other 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 32

 33 U.S. government loans 0.2 -0.2 -0.1 0.2 -0.3 0.0 0.0 0.0 0.0 0.7 33

 34 Corporate equities 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.4 0.5 34

 35 Miscellaneous liabilities 0.1 0.2 0.5 -0.2 0.4 1.8 -0.5 0.4 2.2 0.4 35

 36 Discrepancy -0.0 0.0 -0.0 0.0 0.1 -0.1 0.0 0.0 0.3 0.4 36

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing

 Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table F.124) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

F.124 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 1

 2 Home mortgages 0.1 0.2 0.4 0.3 0.4 1.2 4.2 4.0 2.9 4.4 2

 3 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.2 0.2 3

 4 Commercial mortgages 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 -0.1 4

 5 Farm mortgages 0.1 0.1 0.2 0.1 0.2 0.3 0.4 0.3 0.2 -0.0 5

 6 Net increase in pool securities (liabilities)(2) 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (table F.123). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed CMOs

 and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans.

(2) Such issues are classified as agency- and GSE-backed securities.
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32 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Net increase in liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

 17 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 REIT assets (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

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

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(5) Included in table F.127.

F.126 Finance Companies (1)

Billions of dollars

 1 Gross saving 0.5 0.5 0.6 0.5 0.3 0.3 0.6 0.7 0.8 0.8 1

 2 Fixed nonresidential investment 0.3 0.3 0.6 1.1 0.7 0.7 0.5 0.5 0.9 1.3 2

 3 Net acquisition of financial assets 5.5 1.8 1.0 5.9 9.4 3.7 8.1 11.6 13.6 3.4 3

 4 Checkable deposits and currency 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 4

 5 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 5

 6 Credit market instruments 4.8 2.3 0.5 5.2 8.6 2.3 6.1 9.9 11.9 5.4 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Other loans and advances 2.0 1.1 -0.3 2.2 5.0 0.4 1.3 4.2 5.0 4.8 8

 9 Mortgages 0.5 -0.6 0.4 0.6 0.8 1.8 2.4 2.2 2.3 -1.4 9

 10 Consumer credit 2.3 1.8 0.5 2.3 2.8 0.1 2.3 3.6 4.6 1.9 10

 11 Miscellaneous assets 0.5 -0.6 0.4 0.6 0.8 1.2 1.7 1.4 1.5 -2.2 11

 12 Net increase in liabilities 4.8 1.1 0.3 5.2 8.8 3.0 7.7 11.2 13.4 2.9 12

 13 Credit market instruments 4.9 4.4 2.4 4.3 8.1 3.6 2.8 7.7 9.4 7.0 13

 14 Open market paper 1.2 3.5 2.0 2.9 6.0 0.6 -0.5 -1.3 2.0 3.6 14

 15 Corporate bonds 0.4 1.5 0.7 0.3 1.1 0.8 2.3 4.0 3.9 5.6 15

 16 Depository institution loans n.e.c. 3.3 -0.6 -0.4 1.1 1.0 2.2 0.9 5.0 3.5 -2.2 16

 17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Taxes payable 0.1 -0.0 -0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Miscellaneous liabilities -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.8 3.4 4.0 -4.1 19

 20 Foreign direct investment in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 20

 21 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.4 0.6 -0.3 21

 22 Other -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.2 1.1 3.4 -3.8 22

 23 Discrepancy -0.5 -0.6 -0.7 -1.3 -1.1 -1.1 -0.4 -0.2 -0.3 -1.0 23

 Memo:

 24 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

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

(2) See footnote (4), table F.125.
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Historical Annuals, 1965-1974, March 6, 2014 33

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 -0.1 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.2 2

 3 Multifamily residential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 3

 4 Net acquisition of financial assets 0.0 0.0 0.0 0.8 1.2 1.9 2.5 5.3 4.9 -0.2 4

 5 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

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

 9 Mortgages 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 9

 10 Home 0.0 0.0 0.0 0.0 0.2 0.4 0.2 0.4 0.7 -0.2 10

 11 Multifamily residential 0.0 0.0 0.0 0.1 0.4 0.8 0.9 2.0 2.4 0.2 11

 12 Commercial 0.0 0.0 0.0 0.7 0.6 0.7 1.2 1.7 2.5 0.2 12

 13 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.1 -0.6 -0.4 13

 14 Net increase in liabilities 0.0 0.0 0.0 0.9 1.3 2.0 2.7 5.8 5.6 0.3 14

 15 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Credit market instruments 0.0 0.0 0.0 0.8 0.7 0.7 1.9 4.6 4.9 0.3 16

 17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.8 2.5 0.7 -3.3 17

 18 Corporate bonds 0.0 0.0 0.0 0.0 0.1 0.5 0.4 0.4 0.6 0.2 18

 19 Depository institution loans n.e.c. 0.0 0.0 0.0 0.6 0.4 0.1 0.6 1.3 3.4 3.3 19

 20 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 20

 21 Corporate equity issues 0.0 0.0 0.0 0.1 0.6 1.4 0.8 0.8 0.5 -1.4 21

 22 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 1.4 22

 23 Discrepancy -0.0 -0.0 -0.0 -0.0 0.0 0.1 0.1 0.2 0.3 0.3 23

 Memo:

 24 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on F.127.e and F.127.m.
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34 Historical Annuals, 1965-1974, March 6, 2014

F.128 Security Brokers and Dealers

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.2 0.2 0.3 0.4 0.1 -0.1 0.2 0.3 0.5 0.5 1

 2 Fixed nonresidential investment 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.6 0.8 0.8 2

 3 Net acquisition of financial assets 0.5 0.9 3.4 3.8 -3.1 0.8 1.4 5.3 -2.6 -2.0 3

 4 Checkable deposits and currency 0.0 0.1 0.2 0.5 -0.1 -0.3 0.0 -0.0 -0.2 -0.1 4

 5 Credit market instruments -0.2 0.8 -0.3 0.6 0.1 2.3 -1.4 1.3 1.6 0.2 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 1.0 6

 7 Treasury securities -0.3 0.7 -0.8 0.8 -0.0 1.7 -1.6 0.2 -0.0 0.2 7

 8 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Municipal securities -0.2 0.0 0.0 0.0 -0.2 0.6 0.1 -0.1 0.2 -0.4 9

 10 Corporate and foreign bonds 0.3 0.1 0.4 -0.2 0.4 0.1 0.1 0.2 0.4 -0.6 10

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

 12 Corporate equities 0.2 0.3 0.1 -0.3 0.6 -0.0 -0.1 0.1 0.6 0.1 12

 13 Security credit 0.4 -0.0 3.2 2.8 -3.5 -1.3 2.6 3.7 -4.3 -1.6 13

 14 Miscellaneous assets 0.1 -0.1 0.3 0.1 -0.2 0.1 0.2 0.2 -0.3 -0.7 14

 15 Net increase in liabilities 0.4 0.9 3.2 3.5 -3.1 1.0 1.2 5.2 -2.7 -1.7 15

 16 Security repurchase agreements (net) -0.4 0.0 -0.6 -0.3 0.1 0.5 -0.1 -0.8 0.2 -0.9 16

 17 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.3 20

 21 Trade payables 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 21

 22 Security credit 0.7 0.8 3.8 3.7 -3.1 0.5 1.3 4.9 -3.6 -2.1 22

 23 Customer credit balances (HH) 0.9 0.2 2.3 2.4 -2.0 -1.0 0.5 0.2 -0.2 -1.0 23

 24 From U.S.-chartered depository institutions 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 24

 25 From foreign banking offices in U.S. -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 25

 26 Taxes payable 0.0 0.0 0.1 0.0 -0.1 0.0 -0.0 0.0 -0.0 -0.1 26

 27 Miscellaneous liabilities -0.1 -0.0 -0.1 -0.1 -0.1 -0.0 -0.0 0.8 -0.3 0.2 27

 28 Foreign direct investment in U.S. -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 0.3 28

 29 Investment by parent companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 2.0 29

 30 Other -0.0 -0.0 -0.0 -0.1 -0.1 -0.0 -0.1 0.8 -3.5 -2.1 30

 31 Proprietors’ net investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 31

 32 Discrepancy -0.2 -0.0 -0.2 -0.2 -0.2 -0.4 -0.5 -0.4 -0.3 -0.0 32

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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Historical Annuals, 1965-1974, March 6, 2014 35

F.129 Holding Companies (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.5 0.6 0.6 0.7 0.8 0.9 1.1 1.2 1.4 1.6 1

 2 Fixed nonresidential investment 1.1 1.2 1.3 1.4 1.6 1.8 2.2 2.6 3.0 3.6 2

 3 Net acquisition of financial assets 0.0 0.0 0.0 0.0 8.7 6.0 4.2 8.7 15.4 6.3 3

 4 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 6

 7 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Other loans and advances 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 10

 11 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Miscellaneous assets 0.0 0.0 0.0 0.0 4.7 7.0 4.3 8.9 13.7 5.3 12

 13 Net trans. with depository institution subs. 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 1.5 6.0 13

 14 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Net trans. with life insurance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Net trans. with finance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.4 0.6 -0.3 16

 17 Net trans. with broker and dealer subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 2.0 17

 18 Net trans. with foreign subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 1.0 18

 19 Other 0.0 0.0 0.0 0.0 0.7 1.0 -1.2 0.5 5.8 -3.3 19

 20 Net increase in liabilities 0.0 0.0 0.0 0.0 8.7 6.0 4.2 8.7 15.4 6.3 20

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

 22 Credit market instruments 0.0 0.0 0.0 0.0 4.3 -0.8 0.8 2.6 3.2 5.2 22

 23 Commercial paper 0.0 0.0 0.0 0.0 4.3 -1.9 -0.4 0.7 2.2 3.5 23

 24 Corporate bonds 0.0 0.0 0.0 0.0 0.0 1.1 1.1 1.9 0.9 1.0 24

 25 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 25

 26 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Miscellaneous liabilities 0.0 0.0 0.0 0.0 4.4 6.9 3.5 6.1 12.2 1.0 27

 28 Equity, etc. 0.0 0.0 0.0 0.0 4.0 5.7 1.5 7.1 10.2 4.2 28

 29 Other 0.0 0.0 0.0 0.0 0.4 1.1 2.0 -1.0 2.0 -3.2 29

 30 Discrepancy -0.6 -0.7 -0.6 -0.7 -0.8 -0.9 -1.2 -1.4 -1.6 -1.9 30

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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36 Historical Annuals, 1965-1974, March 6, 2014

F.130 Funding Corporations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 1

 2 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 4

 5 Open market paper 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Net increase in liabilities 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 12

 13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 14

 15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Corporate equities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Miscellaneous liabilities 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 19

 20 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Securities loaned (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Other (net) 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 23

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
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Historical Annuals, 1965-1974, March 6, 2014 37

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 0.4 0.0 1.1 2.0 0.2 -0.8 -0.8 1.3 -0.2 1.5 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 2

 3 Rest of the world 0.4 0.0 1.1 2.0 0.2 -1.7 -1.5 0.6 -0.2 1.5 3

 4 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 0.2 0.7 -0.0 0.2 4

 5 Reserve position in IMF (net) 0.1 -0.5 0.1 0.9 1.0 -0.4 -1.4 -0.2 0.0 1.3 5

 6 Foreign currency holdings 0.3 0.5 1.0 1.2 -0.8 -2.2 -0.4 0.0 -0.2 0.0 6

 7 Net change in assets 0.4 0.0 1.1 2.0 0.2 -0.8 -0.8 1.3 -0.2 1.5 7

 8 Federal government 0.3 -0.3 0.6 1.9 1.6 -1.8 -1.6 0.5 -0.1 1.4 8

 9 Monetary gold (2) -0.0 0.0 0.0 0.4 1.0 -1.2 -0.3 -0.0 0.0 -0.1 9

 10 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 0.2 0.7 -0.0 0.2 10

 11 Reserve position in IMF (net) 0.1 -0.5 0.1 0.9 1.0 -0.4 -1.3 -0.2 0.0 1.3 11

 12 Foreign currency holdings 0.2 0.3 0.5 0.6 -0.4 -1.1 -0.2 0.0 -0.1 0.0 12

 13 Rest of the world 1.7 0.6 1.2 1.2 -1.0 1.7 1.6 1.3 0.0 0.0 13

 14 Monetary gold (2) 1.7 0.6 1.2 1.2 -1.0 0.8 0.9 0.5 0.0 0.0 14

 15 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 15

 16 Monetary authority -1.5 -0.3 -0.7 -1.0 -0.4 -0.7 -0.8 -0.5 -0.1 0.1 16

 17 Monetary gold (2) -1.7 -0.6 -1.2 -1.6 0.0 0.4 -0.6 -0.5 0.0 0.1 17

 18 Reserve position in IMF (net) -0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 18

 19 Foreign currency holdings 0.2 0.3 0.5 0.6 -0.4 -1.1 -0.2 0.0 -0.1 0.0 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

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

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 3

 4 Asset: Monetary authority 0.2 0.7 0.5 0.2 0.1 0.3 0.5 0.7 0.4 0.5 4

 5 Discrepancy (seigniorage) 0.1 0.2 0.2 0.2 0.2 -0.1 0.0 -0.2 0.0 -0.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Nonfinancial corporate business -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 3

 4 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Discrepancy--unallocated assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5
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38 Historical Annuals, 1965-1974, March 6, 2014

F.203 Net Interbank Transactions

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 0.6 6.1 2.0 6.0 12.9 -3.7 -2.9 -5.6 -0.1 -0.5 1

 2 Monetary authority 0.7 1.9 1.8 2.0 0.3 1.8 4.1 -1.0 3.5 -0.3 2

 3 U.S.-chartered depository institutions 0.1 3.7 0.8 3.7 11.5 -3.9 -7.0 -6.0 -5.9 -4.4 3

 4 Foreign banking offices in U.S. -0.2 0.3 -0.2 0.1 0.6 -0.9 1.2 2.2 2.3 4.6 4

 5 Banks in U.S.-affiliated areas 0.0 -0.0 -0.1 -0.0 -0.0 -0.1 -0.1 -0.2 -0.3 0.2 5

 6 Credit unions -0.0 0.1 -0.3 0.2 0.5 -0.6 -1.0 -0.7 0.4 -0.6 6

 7 Net change in assets 0.4 5.1 2.3 5.2 12.6 -3.6 -0.7 -0.2 -0.8 -2.6 7

 8 Rest of the world 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -2.7 -0.2 8

 9 Monetary authority -0.4 0.3 -0.1 1.0 -0.0 1.0 -0.2 1.6 -1.6 -2.1 9

 10 U.S.-chartered depository institutions 0.7 1.9 1.8 2.0 0.3 1.8 4.1 -1.0 3.5 -0.3 10

 11 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 11

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

 13 Discrepancy 0.2 0.9 -0.3 0.7 0.3 -0.0 -2.2 -5.4 0.7 2.1 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 14

 15 Asset: U.S.-chartered depository institutions 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 17

 18 Asset: U.S.-chartered depository institutions 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 18

 19 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 19

 20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions -0.4 0.3 -0.1 1.0 -0.0 1.0 -0.2 1.6 -1.6 -2.1 21

 22 Asset: Monetary authority -0.4 0.3 -0.1 1.0 -0.0 1.0 -0.2 1.6 -1.6 -2.1 22

 23 Federal Reserve float -0.4 0.3 -0.0 1.0 -0.0 0.8 0.1 -0.4 -0.9 -1.1 23

 24 Loans -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 0.3 2.7 0.2 1.8 11.3 -6.0 -4.9 -0.5 -0.9 -1.6 25

 26 Due to foreign affiliates 0.3 2.7 0.2 1.8 11.4 -6.0 -4.9 -0.2 -0.2 2.6 26

 27 - Due from foreign affiliates 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.3 0.6 4.2 27

 28 Foreign banking offices in U.S. (net) -0.2 0.2 0.4 0.4 1.0 -0.2 0.5 0.1 -1.5 2.2 28

 29 Due to foreign affiliates -0.2 0.3 0.5 0.5 1.2 0.2 0.7 0.5 -0.3 4.5 29

 30 - Due from foreign affiliates 0.0 0.1 0.1 0.2 0.2 0.5 0.2 0.4 1.2 2.3 30

 31 Less: Deposits at foreign banks -0.1 0.0 0.1 0.0 0.0 0.1 0.2 0.3 0.3 0.9 31

 32 U.S.-chartered depository institutions -0.1 -0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.0 0.6 32

 33 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.3 0.2 33

 34 Plus: Loans from foreign banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 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 35

 36 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 36

 37 Asset: Rest of the world (1) 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -2.7 -0.2 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) 0.2 0.7 0.7 0.9 0.3 1.3 -1.8 -6.8 -3.4 -0.1 38

 39 Due to (3): 0.2 0.8 0.6 1.0 0.6 1.7 0.2 -4.1 4.9 7.0 39

 40 Foreign banking offices in U.S. -0.0 -0.0 0.6 0.4 0.7 1.1 1.2 0.6 4.2 4.6 40

 41 Banks in U.S.-affiliated areas -0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.2 0.3 -0.2 41

 42 Credit unions 0.0 -0.1 0.3 -0.2 -0.5 0.6 1.0 0.7 -0.4 0.6 42

 43 - Due from: Foreign banking offices in U.S. 0.0 0.1 -0.0 0.1 0.3 0.5 2.0 2.7 8.3 7.2 43

 44 Unallocated (2) 0.2 0.9 -0.3 0.7 0.3 -0.0 -2.2 -5.4 0.7 2.1 44

(1) Sum of lines 25 and 28 less line 31 plus line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 44), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, 42, and 44.
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Historical Annuals, 1965-1974, March 6, 2014 39

F.204 Checkable Deposits and Currency

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 1

 2 Monetary authority 1.9 2.4 2.9 1.5 3.3 3.1 4.5 3.1 3.4 6.9 2

 3 Federal government cash and deposits -0.2 0.2 0.9 -1.1 0.6 -0.4 0.9 -1.1 -0.5 0.4 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign -0.1 0.2 -0.0 0.1 -0.1 -0.0 0.1 -0.1 -0.1 0.2 5

 6 Currency outside banks 2.1 2.0 2.0 2.5 2.8 3.5 3.5 4.3 3.9 6.3 6

 7 U.S.-chartered depository institutions 5.5 1.6 12.0 12.2 4.7 5.2 13.0 24.3 12.7 -1.2 7

 8 Federal government deposits -1.0 -0.5 0.2 -0.2 0.0 2.9 2.2 0.7 -1.0 -5.1 8

 9 Deposits due to foreign 0.2 0.2 0.3 0.3 0.4 0.5 -0.5 1.4 2.2 2.1 9

 10 Private domestic deposits 6.3 2.0 11.5 12.1 4.3 1.7 11.3 22.2 11.4 1.8 10

 11 Foreign banking offices in U.S. -0.2 0.2 0.1 1.1 -0.0 4.2 0.2 -3.3 0.3 1.2 11

 12 Deposits due to foreign 0.0 -0.0 0.0 0.2 0.1 0.0 0.2 0.3 0.7 0.5 12

 13 Private domestic deposits -0.2 0.2 0.1 0.9 -0.1 4.2 -0.0 -3.6 -0.5 0.6 13

 14 Banks in U.S.-affiliated areas 0.1 0.3 0.3 0.3 0.1 0.3 0.4 0.3 0.3 0.0 14

 15 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Net change in assets 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 16

 17 Household sector 6.7 1.9 10.2 9.0 -1.8 7.6 13.5 13.7 12.1 5.2 17

 18 Nonfinancial business 0.4 -0.7 2.7 2.9 5.7 1.1 -1.3 2.6 2.0 1.2 18

 19 Corporate 0.3 -0.7 2.5 2.7 5.6 1.0 -1.5 2.4 1.4 1.2 19

 20 Noncorporate 0.1 -0.0 0.1 0.2 0.1 0.1 0.1 0.3 0.6 0.1 20

 21 State and local governments -0.6 0.5 0.8 -0.7 1.9 -1.0 0.8 0.5 0.0 0.2 21

 22 Federal government -1.6 -0.4 0.5 -2.3 1.6 3.5 3.5 -1.0 -1.8 -4.6 22

 23 Rest of the world 0.3 0.7 0.6 0.9 0.8 1.0 0.3 2.2 3.8 3.8 23

 24 Checkable deposits 0.1 0.4 0.3 0.6 0.3 0.5 -0.2 1.6 2.9 2.8 24

 25 Currency 0.1 0.3 0.2 0.3 0.5 0.5 0.5 0.6 0.9 1.0 25

 26 Financial sectors 0.2 0.1 0.3 0.9 -0.1 0.2 0.7 1.1 0.6 0.7 26

 27 Property-casualty insurance companies -0.1 0.0 -0.0 0.1 -0.0 0.1 0.1 0.0 -0.0 0.1 27

 28 Life insurance companies 0.0 0.0 0.0 0.1 -0.0 0.1 0.0 0.2 0.1 -0.1 28

 29 Private pension funds 0.0 -0.2 0.1 0.1 0.0 0.1 0.2 0.5 0.7 0.9 29

 30 State and local govt. retirement funds 0.0 0.1 -0.1 0.1 -0.1 0.1 0.2 0.2 -0.2 -0.3 30

 31 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Government-sponsored enterprises -0.0 0.0 0.0 0.0 0.0 -0.0 0.1 -0.0 0.1 -0.0 32

 33 Finance companies 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 33

 34 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 Brokers and dealers 0.0 0.1 0.2 0.5 -0.1 -0.3 0.0 -0.0 -0.2 -0.1 35

 36 Mail float 1.9 2.3 0.2 4.5 -0.0 0.4 0.5 5.3 -0.1 0.4 36
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40 Historical Annuals, 1965-1974, March 6, 2014

F.205 Time and Savings Deposits

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 33.2 20.3 40.6 33.3 -0.7 54.9 81.8 88.4 78.4 77.9 1

 2 Small time and savings deposits 27.3 18.0 34.7 26.6 14.4 30.6 68.4 70.7 39.4 36.9 2

 3 U.S.-chartered depository institutions 26.3 17.2 33.7 25.4 12.5 28.8 65.4 67.4 36.3 33.8 3

 4 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.1 0.1 4

 5 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 5

 6 Credit unions 1.0 0.8 1.0 1.2 1.4 1.7 2.9 3.3 2.9 3.0 6

 7 Large time deposits (1) 5.9 2.3 5.9 6.7 -15.1 24.2 13.5 17.7 39.1 41.0 7

 8 U.S.-chartered depository institutions 5.8 2.3 5.8 6.6 -15.8 23.8 13.2 18.0 38.1 39.9 8

 9 Foreign banking offices in U.S. 0.1 0.0 0.1 0.1 0.2 0.3 0.2 -0.3 0.8 1.0 9

 10 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 10

 11 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Net change in assets 33.2 20.3 40.6 33.3 -0.7 54.9 81.8 88.4 78.4 77.9 12

 13 Household sector 27.5 18.6 35.2 30.2 8.6 42.2 67.5 73.3 60.6 55.4 13

 14 Nonfinancial business 2.3 -0.4 1.1 -0.6 -5.4 3.1 5.8 4.0 6.3 5.4 14

 15 Corporate 2.3 -0.4 1.1 -0.6 -5.4 1.7 4.2 2.4 4.7 3.8 15

 16 Noncorporate 0.0 0.0 0.0 0.0 0.0 1.4 1.6 1.6 1.6 1.6 16

 17 State and local governments 2.4 1.3 2.3 3.1 -5.8 10.0 7.2 6.7 6.6 5.0 17

 18 Federal government -0.0 -0.0 0.0 0.1 -0.2 0.3 0.1 0.1 -0.2 0.0 18

 19 Rest of the world 0.6 0.3 1.3 -0.3 1.4 -1.7 0.3 2.9 2.8 7.7 19

 20 Financial sectors 0.5 0.5 0.8 0.8 0.7 1.0 1.0 1.3 2.2 4.4 20

 21 Private pension funds 0.4 0.5 0.6 0.7 0.7 0.9 1.0 1.2 1.5 1.9 21

 22 State and local govt. retirement funds 0.0 0.0 0.2 0.1 -0.1 0.0 -0.1 0.0 0.6 0.7 22

 23 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 23

 24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Finance companies 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 25

 26 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Net purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 2

 3 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 3

 4 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12
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Historical Annuals, 1965-1974, March 6, 2014 41

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 0.8 -0.0 -0.7 0.6 5.9 -3.6 3.7 1.6 15.8 1.5 1

 2 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Private depository institutions (net) 1.2 -0.1 -0.0 0.9 5.8 -4.1 3.8 2.4 15.6 2.4 4

 5 U.S.-chartered depository institutions (net) 1.2 -0.1 -0.0 0.9 5.8 -4.1 3.8 2.4 15.6 2.4 5

 6 Foreign banking offices in U.S. (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Brokers and dealers (net) -0.4 0.0 -0.6 -0.3 0.1 0.5 -0.1 -0.8 0.2 -0.9 12

 13 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Net change in assets 1.4 2.6 -1.2 -1.0 6.9 -6.4 2.3 1.2 13.6 -6.9 14

 15 Nonfinancial corporate business 0.3 0.3 -0.2 0.5 2.2 -3.1 0.8 1.6 8.6 -5.8 15

 16 State and local governments 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 16

 17 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 17

 18 Monetary authority -0.2 0.4 -0.5 -0.3 0.0 0.0 1.5 -1.4 -0.0 1.3 18

 19 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Private pension funds 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 0.4 0.5 21

 22 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 22

 23 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 23

 24 Mutual funds 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 24

 25 Government-sponsored enterprises -0.0 0.0 -0.0 0.0 0.2 0.8 -0.6 0.4 2.3 -1.0 25

 26 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Discrepancy--unallocated assets -0.6 -2.7 0.5 1.6 -1.0 2.8 1.4 0.3 2.3 8.4 28
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42 Historical Annuals, 1965-1974, March 6, 2014

F.208 Open Market Paper

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total net issues, all types 0.9 4.6 4.2 4.2 12.5 2.1 -0.1 1.6 8.4 17.8 1

 2 Commercial paper 0.9 4.3 3.4 4.1 11.4 0.5 -0.9 2.6 6.4 8.1 2

 3 Nonfinancial corporate business -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 3

 4 Foreign issues in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 4

 5 Nonfinancial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 5

 6 Financial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Financial sectors 1.2 3.5 2.0 2.9 10.3 -1.3 -0.1 1.9 4.9 3.8 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Finance companies 1.2 3.5 2.0 2.9 6.0 0.6 -0.5 -1.3 2.0 3.6 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.8 2.5 0.7 -3.3 11

 12 Holding companies 0.0 0.0 0.0 0.0 4.3 -1.9 -0.4 0.7 2.2 3.5 12

 13 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Bankers’ acceptances (1) 0.0 0.2 0.7 0.1 1.0 1.6 0.8 -1.0 2.0 9.7 14

 15 U.S.-chartered depository institutions 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.8 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 16

 17 Net purchases, by sector 0.9 4.6 4.2 4.2 12.5 2.1 -0.1 1.6 8.4 17.8 17

 18 Household sector 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 18

 19 Nonfinancial corporate business -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 19

 20 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Rest of the world 0.4 0.2 0.0 0.6 1.0 0.5 -0.2 -0.1 0.3 0.4 21

 22 Monetary authority 0.0 -0.0 0.0 -0.0 0.0 -0.0 0.0 -0.0 -0.0 0.5 22

 23 U.S.-chartered depository institutions (1) -0.6 -0.1 0.9 -0.0 0.4 1.0 0.4 -0.1 -0.7 0.8 23

 24 Foreign banking offices in U.S. (1) 0.0 0.1 0.0 0.1 0.2 0.4 0.1 0.1 0.2 0.7 24

 25 Credit unions 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Life insurance companies 0.0 0.1 0.1 0.0 0.8 0.8 0.6 0.2 0.0 1.1 27

 28 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 1.3 2.3 28

 29 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 29

 30 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 30

 31 Mutual funds 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 31

 32 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -0.2 0.9 32

 33 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 1.0 33

 34 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 34

(1) Excludes banks’ holdings of own acceptances.
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Historical Annuals, 1965-1974, March 6, 2014 43

F.209 Treasury Securities

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 1

 2 U.S. savings securities (1) 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 2

 3 Treasury bills 3.7 10.4 -0.7 5.1 5.6 7.4 9.6 6.4 3.9 12.0 3

 4 Other Treasury securities -3.2 -8.7 8.6 3.6 -6.2 5.4 14.1 4.6 -0.0 -2.8 4

 5 Net purchases 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 5

 6 Household sector 1.2 4.3 -0.1 2.7 11.4 -10.1 -8.8 3.2 11.1 6.6 6

 7 U.S. savings securities (1) 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 7

 8 Bills and other Treasury securities 0.6 3.8 -1.1 2.1 11.5 -10.4 -11.2 -0.1 8.4 3.6 8

 9 Nonfinancial corporate business -1.9 -1.5 -2.4 0.3 -3.3 0.6 2.8 -2.2 -4.4 1.4 9

 10 Nonfinancial noncorporate business 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 10

 11 State and local governments 2.2 0.6 -0.4 0.2 3.1 -0.1 -0.4 2.3 1.2 0.5 11

 12 Rest of the world -0.3 -1.9 2.1 -0.7 -2.3 9.5 26.6 8.2 -0.2 4.0 12

 13 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 14.4 -1.2 0.0 3.3 13

 14 Other Treasury securities -0.3 -1.9 2.1 -0.7 -2.3 9.5 12.2 9.4 -0.2 0.6 14

 15 Monetary authority 4.0 3.2 5.3 4.0 4.2 5.0 6.9 0.8 8.7 1.6 15

 16 Treasury bills 3.1 7.1 -0.2 2.8 3.5 3.7 4.2 -0.5 7.2 -0.1 16

 17 Other Treasury securities 0.9 -3.9 5.5 1.2 0.7 1.3 2.7 1.3 1.4 1.7 17

 18 U.S.-chartered depository institutions -3.2 -3.6 7.5 2.1 -11.7 5.7 2.8 1.6 -10.5 -5.0 18

 19 Foreign banking offices in U.S. 0.1 -0.1 0.1 0.0 0.0 -0.1 -0.2 0.1 -0.0 0.1 19

 20 Banks in U.S.-affiliated areas -0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 -0.1 -0.2 20

 21 Credit unions 0.0 0.0 0.0 0.0 0.2 0.0 0.0 -0.0 0.3 0.1 21

 22 Property-casualty insurance companies -0.2 -0.5 -0.7 -0.4 -0.5 -0.1 -0.2 -0.3 -0.1 0.0 22

 23 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Other Treasury securities -0.2 -0.5 -0.7 -0.4 -0.5 -0.1 -0.2 -0.3 -0.1 0.0 24

 25 Life insurance companies -0.5 -0.2 -0.2 -0.2 -0.3 -0.1 -0.2 -0.0 -0.4 -0.1 25

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

 27 Other Treasury securities -0.5 -0.2 -0.2 -0.2 -0.3 -0.1 -0.2 -0.0 -0.4 -0.1 27

 28 Private pension funds -0.2 -0.2 -0.3 0.4 -0.2 -0.1 0.0 1.3 2.0 3.2 28

 29 State and local govt. retirement funds 0.1 -0.0 -1.0 -0.2 -0.5 -0.3 -1.2 -0.3 -1.1 -0.9 29

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

 31 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 31

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

 33 Other Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 33

 34 Mutual funds 0.0 0.6 -0.5 0.2 -0.5 0.2 -0.3 0.1 -0.0 0.4 34

 35 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Other Treasury securities 0.0 0.6 -0.5 0.2 -0.5 0.2 -0.3 0.1 -0.0 0.4 36

 37 Closed-end funds -0.0 -0.0 0.0 0.1 -0.0 -0.1 0.1 0.1 0.1 -0.1 37

 38 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Government-sponsored enterprises 0.1 0.9 0.0 -0.1 -0.6 1.1 -0.6 -1.2 -0.1 0.3 39

 40 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Brokers and dealers -0.3 0.7 -0.8 0.8 -0.0 1.7 -1.6 0.2 -0.0 0.2 41

 42 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 Memo:

 43 Federal government borrowing (2) 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 43

(1) Includes U.S. savings bonds, U.S. individual retirement bonds, U.S. retirement plan bonds, U.S. savings stamps, and matured U.S. savings securities.

(2) Total issues of Treasury securities (line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
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44 Historical Annuals, 1965-1974, March 6, 2014

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues 2.6 6.9 4.3 6.9 7.4 8.8 4.9 9.3 20.4 21.0 1

 2 Budget agencies 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 2

 3 Government-sponsored enterprises 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 3

 4 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 4

 5 Net purchases 2.6 6.9 4.3 6.9 7.4 8.8 4.9 9.3 20.4 21.0 5

 6 Household sector 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 6

 7 Nonfinancial corporate business 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 7

 8 State and local governments 0.2 -0.7 0.4 3.4 1.4 -2.3 -2.2 3.3 6.6 3.1 8

 9 Federal government 0.0 1.3 -0.1 0.1 -1.3 -0.1 0.0 -0.0 -0.0 -0.0 9

 10 Rest of the world 0.3 0.3 0.3 0.3 0.3 0.3 0.0 0.1 0.1 -0.5 10

 11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.8 0.6 2.8 11

 12 U.S.-chartered depository institutions 0.6 0.4 3.2 1.6 0.8 6.1 7.8 7.3 9.6 4.8 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.1 13

 14 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Credit unions 0.0 0.1 0.1 0.1 0.1 0.3 0.2 0.6 0.2 0.3 15

 16 Property-casualty insurance companies 0.1 0.7 -0.1 0.2 0.2 0.0 0.3 0.4 0.0 0.4 16

 17 Life insurance companies 0.0 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 17

 18 Private pension funds -0.0 -0.0 -0.1 0.1 0.2 0.3 -0.3 1.5 1.1 1.1 18

 19 State and local govt. retirement funds 0.1 0.2 0.1 0.6 0.2 -0.1 0.1 0.6 1.2 1.2 19

 20 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Government-sponsored enterprises 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.1 0.1 23

 24 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 41.
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Historical Annuals, 1965-1974, March 6, 2014 45

F.211 Municipal Securities and Loans

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 1

 2 State and local governments 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 2

 3 Short-term (1) 0.6 0.7 1.8 0.1 2.8 2.3 2.5 0.1 0.3 2.7 3

 4 Long-term 6.6 5.6 5.3 8.3 8.6 9.6 13.6 13.6 13.5 10.0 4

 5 Nonprofit organizations (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.9 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 6

 7 Net change in assets 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 7

 8 Household sector 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 8

 9 Nonfinancial corporate business 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 9

 10 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 State and local governments -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 11

 12 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 U.S.-chartered depository institutions 5.1 2.3 9.0 8.6 0.6 10.5 13.0 7.6 5.7 5.5 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.1 -0.1 0.0 0.2 -0.2 -0.0 0.0 0.1 14

 15 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 15

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

 17 Property-casualty insurance companies 0.4 0.7 1.5 0.9 1.1 1.5 3.5 4.3 3.6 2.2 17

 18 Life insurance companies -0.2 -0.3 -0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.3 18

 19 State and local govt. retirement funds -0.3 -0.1 -0.1 -0.0 -0.1 -0.3 0.1 -0.1 -0.3 -0.7 19

 20 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

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

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

 24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Brokers and dealers -0.2 0.0 0.0 0.0 -0.2 0.6 0.1 -0.1 0.2 -0.4 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
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46 Historical Annuals, 1965-1974, March 6, 2014

F.212 Corporate and Foreign Bonds

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues 6.5 12.5 16.8 14.6 14.0 23.2 24.5 20.6 15.5 29.0 1

 2 Nonfinancial corporate business 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 2

 3 Rest of the world (1) 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 3

 4 Financial sectors 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 4

 5 U.S.-chartered depository institutions 0.8 0.1 0.3 0.3 -0.2 0.1 0.9 1.1 0.0 0.2 5

 6 ABS issuers (net) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Finance companies 0.4 1.5 0.7 0.3 1.1 0.8 2.3 4.0 3.9 5.6 7

 8 REITs 0.0 0.0 0.0 0.0 0.1 0.5 0.4 0.4 0.6 0.2 8

 9 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Holding companies 0.0 0.0 0.0 0.0 0.0 1.1 1.1 1.9 0.9 1.0 10

 11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Net purchases (3) 6.5 12.5 16.8 14.6 14.0 23.2 24.5 20.6 15.5 29.0 12

 13 Household sector -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 13

 14 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world (4) 0.0 1.2 0.3 2.3 1.6 1.5 1.5 2.1 1.3 1.0 16

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

 18 Other 0.0 1.2 0.3 2.3 1.6 1.5 1.5 2.1 1.3 1.0 18

 19 U.S.-chartered depository institutions -0.3 0.3 2.8 1.7 0.5 3.5 6.1 4.0 -2.7 0.8 19

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

 21 Other -0.3 0.3 2.8 1.7 0.5 3.5 6.1 4.0 -2.7 0.8 21

 22 Foreign banking offices in U.S. 0.0 0.0 0.2 -0.1 0.0 0.3 -0.3 -0.1 -0.0 0.0 22

 23 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 23

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

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

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

 27 Property-casualty insurance companies 0.6 0.6 0.7 1.2 0.8 2.3 0.3 -0.7 -0.1 2.0 27

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

 29 Other 0.6 0.6 0.7 1.2 0.8 2.3 0.3 -0.7 -0.1 2.0 29

 30 Life insurance companies 2.8 2.4 3.8 3.7 1.7 1.5 5.5 7.0 5.9 4.0 30

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

 32 Other 2.8 2.4 3.8 3.7 1.7 1.5 5.5 7.0 5.9 4.0 32

 33 Private pension funds 1.5 2.5 1.1 0.6 0.6 1.8 -0.8 2.0 2.1 2.3 33

 34 State and local govt. retirement funds 2.3 2.9 3.7 2.6 4.0 4.5 3.9 4.2 5.2 6.1 34

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

 36 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Mutual funds 0.4 0.4 -0.4 -0.6 0.9 0.6 0.2 0.5 0.1 0.6 37

 38 Closed-end funds 0.0 0.0 0.1 0.3 0.0 -0.6 0.4 0.2 0.4 -0.1 38

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

 40 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

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

 43 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

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

 45 Brokers and dealers 0.3 0.1 0.4 -0.2 0.4 0.1 0.1 0.2 0.4 -0.6 45

 46 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

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

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

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

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

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
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Historical Annuals, 1965-1974, March 6, 2014 47

F.213 Corporate Equities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 1

 2 Nonfinancial corporate business -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 2

 3 Rest of the world (2) 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 3

 4 Financial sectors -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 4

 5 U.S.-chartered depository institutions -0.1 -0.0 -0.0 -0.1 -0.0 0.1 0.6 1.2 1.2 1.0 5

 6 Property-casualty insurance companies 0.1 0.1 0.1 0.2 0.5 0.4 0.6 0.5 0.5 0.9 6

 7 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Closed-end funds -0.7 0.3 -0.8 0.7 0.5 -2.3 1.1 -0.1 2.7 0.9 8

 9 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 REITs 0.0 0.0 0.0 0.1 0.6 1.4 0.8 0.8 0.5 -1.4 10

 11 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.4 0.5 11

 12 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.3 12

 13 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Funding corporations (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Net purchases -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 15

 16 Household sector -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 16

 17 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Rest of the world (4) -0.4 -0.3 0.7 2.1 1.6 0.7 0.8 2.4 2.8 0.2 19

 20 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 U.S.-chartered depository institutions 0.2 0.0 0.2 0.3 0.2 0.3 0.5 0.6 0.4 0.2 21

 22 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 22

 23 Property-casualty insurance companies 0.1 0.4 0.3 0.8 1.0 1.0 2.5 3.0 2.4 -0.5 23

 24 Life insurance companies 0.7 0.2 1.0 1.3 1.3 1.6 4.0 3.8 3.3 1.9 24

 25 Private pension funds 8.5 9.1 11.4 12.8 14.0 4.6 8.9 12.1 4.1 1.8 25

 26 State and local govt. retirement funds 0.4 0.5 0.7 1.3 1.8 2.1 3.2 3.7 3.4 2.6 26

 27 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Mutual funds 1.3 1.0 1.8 2.5 1.8 1.2 0.4 -1.8 -2.2 -0.4 28

 29 Closed-end funds -0.7 0.3 -1.0 0.3 0.5 -1.6 0.5 -0.4 2.1 1.1 29

 30 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Brokers and dealers 0.2 0.3 0.1 -0.3 0.6 -0.0 -0.1 0.1 0.6 0.1 31

 32 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

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

F.214 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 1

 2 Net purchases 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 2

 3 Household sector 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 3

 4 Nonfinancial corporate business 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Life insurance companies 0.0 0.0 0.0 0.0 0.4 0.4 -0.4 -0.3 0.2 0.4 10

 11 Private pension funds 0.0 0.1 0.0 0.1 0.2 0.2 0.2 0.3 0.6 0.8 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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48 Historical Annuals, 1965-1974, March 6, 2014

F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 15.9 10.9 7.6 13.3 13.5 7.8 10.2 25.0 45.8 41.6 1

 2 Household sector -0.9 0.6 1.1 0.3 -0.1 0.1 0.7 -0.6 3.5 5.5 2

 3 Corporate business 11.3 8.7 5.9 10.3 9.7 5.3 3.7 13.6 25.1 21.2 3

 4 Noncorporate business 1.6 2.3 1.4 1.5 2.7 0.4 2.2 2.8 7.7 8.3 4

 5 Rest of the world 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 5

 6 Foreign official institutions 0.1 -0.1 0.0 -0.2 -0.0 -0.1 0.2 0.2 0.4 0.3 6

 7 Foreign banks 0.2 0.1 -0.4 0.1 0.2 -0.1 0.9 1.1 1.6 3.1 7

 8 Other foreign 0.3 -0.1 0.0 -0.3 -0.4 0.0 0.9 1.7 0.7 1.3 8

 9 Financial sectors 3.3 -0.6 -0.4 1.7 1.4 2.2 1.6 6.3 6.8 1.9 9

 10 Finance companies 3.3 -0.6 -0.4 1.1 1.0 2.2 0.9 5.0 3.5 -2.2 10

 11 REITs 0.0 0.0 0.0 0.6 0.4 0.1 0.6 1.3 3.4 3.3 11

 12 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 13

 14 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Net change in assets 15.9 10.9 7.6 13.3 13.5 7.8 10.2 25.0 45.8 41.6 15

 16 Monetary authority (2) 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 U.S.-chartered depository institutions 15.8 10.5 7.5 12.9 12.3 5.3 9.6 24.6 41.8 35.3 17

 18 Foreign banking offices in U.S. 0.1 0.4 0.1 0.4 1.2 2.5 0.5 0.4 4.0 6.3 18

 19 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table F.108.
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Historical Annuals, 1965-1974, March 6, 2014 49

F.216 Other Loans and Advances

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total other loans and advances 6.4 7.1 3.2 8.4 20.7 8.1 4.2 7.2 23.9 31.1 1

 2 U.S. government loans 2.8 2.7 3.7 3.6 3.4 2.5 3.2 2.5 4.4 3.5 2

 3 Liab.: Household sector 0.2 0.5 0.3 0.4 0.4 0.3 0.4 0.4 0.2 0.5 3

 4 Nonfinancial corporate business 0.3 0.4 0.2 0.2 0.1 0.3 0.2 0.2 0.4 1.5 4

 5 Nonfinancial noncorporate business 0.2 0.2 0.5 0.3 0.3 0.5 0.4 0.1 1.9 0.6 5

 6 State and local governments 0.3 0.6 0.2 0.3 0.7 0.1 0.4 0.3 0.3 0.7 6

 7 Rest of the world 1.5 1.3 2.6 2.2 2.1 1.3 1.8 1.5 1.7 -0.5 7

 8 Government-sponsored enterprises 0.2 -0.2 -0.1 0.2 -0.3 0.0 0.0 0.0 0.0 0.7 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Foreign loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 11

 12 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.7 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 14

 15 Liab.: Nonfinancial corporate business 0.1 0.3 0.2 0.3 0.7 0.8 0.5 0.1 1.1 2.5 15

 16 Rest of the world -0.1 -0.1 0.5 -0.2 0.3 0.8 0.3 -1.0 0.9 7.1 16

 17 Holding company loans 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 17

 18 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 18

 19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Policy loans (Household liability) 0.6 1.5 1.0 1.3 2.6 2.3 1.0 1.0 2.2 2.7 20

 21 Asset: Federal government 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.0 0.0 0.0 21

 22 Life insurance companies 0.5 1.4 0.9 1.2 2.5 2.2 1.0 0.9 2.2 2.7 22

 23 Govt.-sponsored enterprises loans (1) 1.0 1.6 -1.8 1.2 4.8 2.3 -2.0 0.8 8.5 9.3 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 24

 25 Nonfinancial corporate business (FCS) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 25

 26 Nonfinancial noncorporate business (FCS) 0.4 0.6 0.7 0.3 0.7 1.0 0.6 0.7 1.3 2.5 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 27

 28 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Finance company loans to business 2.0 1.1 -0.3 2.2 5.0 0.4 1.3 4.2 5.0 4.8 32

 33 Liab.: Nonfinancial corporate business 1.8 1.0 -0.3 2.0 4.5 0.3 1.2 3.8 4.5 4.4 33

 34 Nonfinancial noncorporate business 0.2 0.1 -0.0 0.2 0.5 0.0 0.1 0.4 0.5 0.5 34

 35 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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50 Historical Annuals, 1965-1974, March 6, 2014

F.217 Total Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in mortgages 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 1

 2 Home 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 2

 3 Multifamily residential 3.6 3.1 3.5 3.4 4.9 8.1 9.7 12.8 10.4 6.9 3

 4 Commercial 4.5 5.8 4.8 6.8 6.0 8.2 10.1 17.2 19.6 14.7 4

 5 Farm 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 5

 6 Net borrowing 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 6

 7 Household sector 17.8 13.7 16.3 15.4 18.4 12.2 24.7 34.9 40.1 37.9 7

 8 Nonfinancial business 9.6 10.1 7.4 13.9 11.9 18.6 23.8 36.7 37.4 24.2 8

 9 Corporate 2.7 3.6 -0.4 5.2 0.9 13.9 4.6 9.2 30.9 -1.0 9

 10 Noncorporate 7.0 6.5 7.8 8.7 11.0 4.7 19.2 27.4 6.6 25.2 10

 11 Federal government 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

 12 REITs 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 12

 13 Net change in assets 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 13

 14 Household sector 0.5 1.7 2.1 2.3 1.7 2.2 -3.3 1.0 -0.0 3.4 14

 15 Nonfinancial corporate business 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 15

 16 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.4 1.2 1.1 0.3 0.1 16

 17 State and local governments 0.2 0.2 0.1 0.2 0.5 0.9 1.1 1.4 1.7 2.5 17

 18 Federal government -0.0 1.0 0.9 1.4 1.0 0.3 -0.4 -0.7 -0.6 2.7 18

 19 U.S.-chartered depository institutions 18.7 12.4 14.0 18.6 17.5 13.9 35.7 53.1 52.4 33.5 19

 20 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 20

 21 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.0 0.2 0.1 0.1 0.0 0.1 0.5 21

 22 Credit unions -0.0 0.0 -0.1 -0.1 -0.2 -0.3 0.0 0.2 0.4 0.1 22

 23 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 23

 24 Life insurance companies 4.9 4.6 2.9 2.5 2.1 2.3 1.1 1.5 4.4 4.9 24

 25 Private pension funds 0.6 0.5 0.2 -0.0 0.1 -0.0 -0.5 -0.9 -0.4 -0.0 25

 26 State and local govt. retirement funds 0.7 0.8 0.5 0.4 0.2 0.3 0.4 0.2 0.7 0.6 26

 27 Government-sponsored enterprises (1) 1.1 2.6 1.8 2.2 4.4 5.4 3.6 4.0 7.1 10.3 27

 28 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 28

 29 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Finance companies 0.5 -0.6 0.4 0.6 0.8 1.8 2.4 2.2 2.3 -1.4 30

 31 REITs 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 31
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Historical Annuals, 1965-1974, March 6, 2014 51

F.218 Home Mortgages (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net borrowing 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 1

 2 Household sector 17.1 13.0 13.3 17.1 17.7 11.3 24.1 34.1 39.5 37.3 2

 3 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.4 0.5 1.0 0.8 -0.4 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 1.4 2.2 3.9 3.0 -1.4 4

 5 Net change in assets 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 5

 6 Household sector 1.2 1.1 1.6 2.0 1.8 -1.3 0.4 -0.8 0.6 3.0 6

 7 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.4 0.1 -0.0 8

 9 State and local governments 0.0 0.0 -0.0 0.0 0.1 0.1 0.1 0.1 0.6 0.7 9

 10 Federal government -0.1 0.6 0.7 0.9 0.2 -0.1 -0.6 -0.6 -0.8 1.4 10

 11 U.S.-chartered depository institutions 13.2 8.3 9.4 12.3 12.2 8.3 21.5 35.3 35.8 22.6 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Banks in U.S.-affiliated areas 0.1 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.1 13

 14 Credit unions -0.0 0.0 -0.1 -0.1 -0.2 -0.3 0.0 0.2 0.4 0.1 14

 15 Life insurance companies 1.1 0.6 -0.5 -0.7 -1.4 -0.9 -2.1 -2.3 -1.9 -1.4 15

 16 Private pension funds 0.3 0.2 0.1 -0.0 0.1 -0.0 -0.3 -0.4 -0.2 -0.0 16

 17 State and local govt. retirement funds 0.3 0.4 0.2 0.2 0.0 0.1 0.1 0.0 0.2 0.1 17

 18 Government-sponsored enterprises 0.5 1.9 1.1 1.6 3.8 4.6 2.1 1.8 3.4 5.6 18

 19 Agency- and GSE-backed mortgage pools 0.1 0.2 0.4 0.3 0.4 1.2 4.2 4.0 2.9 4.4 19

 20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Finance companies 0.5 -0.5 0.3 0.5 0.7 0.9 0.7 0.9 1.5 -0.9 21

 22 REITs 0.0 0.0 0.0 0.0 0.2 0.4 0.2 0.4 0.7 -0.2 22

 Memo:

 23 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 23

 24 U.S.-chartered depository institutions ND ND ND ND ND ND ND ND ND ND 24

 25 Foreign banking offices in U.S. ND ND ND ND ND ND ND ND ND ND 25

 26 Credit unions ND ND ND ND ND ND ND ND ND ND 26

 27 ABS issuers ND ND ND ND ND ND ND ND ND ND 27

 28 Finance companies ND ND ND ND ND ND 0.3 0.3 0.3 0.3 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 3.6 3.1 3.5 3.4 4.9 8.1 9.7 12.8 10.4 6.9 1

 2 Nonfinancial corporate business 0.2 0.2 0.2 0.2 0.2 0.4 0.5 0.6 0.5 0.3 2

 3 Nonfinancial noncorporate business 3.4 3.0 3.4 3.3 4.7 7.7 9.3 12.1 9.9 6.6 3

 4 Federal government 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 4

 5 REITs 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.2 0.1 0.0 5

 6 Net change in assets 3.6 3.1 3.5 3.4 4.9 8.1 9.7 12.8 10.4 6.9 6

 7 Household sector -0.5 -0.1 -0.0 -0.1 -0.4 1.1 -1.6 0.3 -0.9 -0.0 7

 8 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0 -0.1 9

 10 State and local governments 0.2 0.1 0.1 0.2 0.4 0.6 0.7 1.0 0.9 1.4 10

 11 Federal government -0.0 0.3 0.2 0.3 0.7 0.5 0.4 0.3 0.3 0.7 11

 12 U.S.-chartered depository institutions 1.9 0.9 1.5 1.7 2.1 2.4 6.2 6.6 4.3 2.3 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Life insurance companies 1.6 1.5 1.4 1.0 1.5 1.7 0.8 0.6 1.1 1.2 14

 15 Private pension funds 0.2 0.2 0.1 -0.0 0.1 -0.0 -0.3 -0.3 -0.1 0.0 15

 16 State and local govt. retirement funds 0.2 0.3 0.2 0.1 0.1 0.1 0.3 -0.1 -0.1 0.1 16

 17 Government-sponsored enterprises -0.0 0.0 -0.0 0.0 0.0 0.3 0.8 1.0 1.8 2.2 17

 18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.2 0.2 18

 19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Finance companies 0.1 -0.1 0.1 0.1 0.1 0.5 1.2 0.9 0.4 -1.2 20

 21 REITs 0.0 0.0 0.0 0.1 0.4 0.8 0.9 2.0 2.4 0.2 21
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52 Historical Annuals, 1965-1974, March 6, 2014

F.220 Commercial Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net borrowing 4.5 5.8 4.8 6.8 6.0 8.2 10.1 17.2 19.6 14.7 1

 2 Household sector 0.7 0.7 3.0 -1.6 0.7 0.9 0.6 0.8 0.6 0.6 2

 3 Nonfinancial corporate business 2.4 3.3 -0.8 4.8 0.5 13.0 3.4 7.4 29.3 -1.4 3

 4 Nonfinancial noncorporate business 1.4 1.8 2.5 3.4 4.6 -5.8 6.0 8.7 -10.5 15.3 4

 5 REITs 0.0 0.0 0.0 0.1 0.2 0.1 0.1 0.3 0.2 0.1 5

 6 Net change in assets 4.5 5.8 4.8 6.8 6.0 8.2 10.1 17.2 19.6 14.7 6

 7 Household sector -0.9 0.4 -0.0 -0.6 -0.3 1.9 -2.6 0.7 -1.0 -1.1 7

 8 Nonfinancial corporate business 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.4 0.4 0.4 0.2 0.2 9

 10 State and local governments 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.3 0.2 0.3 10

 11 Federal government 0.0 0.0 0.1 0.1 0.1 0.1 0.1 -0.2 -0.1 0.3 11

 12 U.S.-chartered depository institutions 3.3 3.0 2.9 4.4 3.0 2.7 7.5 10.6 11.6 8.0 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 13

 14 Banks in U.S.-affiliated areas 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 14

 15 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 15

 16 Life insurance companies 1.7 2.1 1.6 1.9 2.0 1.6 2.5 3.1 4.9 4.8 16

 17 Private pension funds 0.2 0.2 0.1 0.0 0.0 0.0 0.1 -0.2 -0.0 -0.0 17

 18 State and local govt. retirement funds 0.1 0.1 0.1 0.1 0.0 0.2 0.0 0.1 0.5 0.5 18

 19 Agency- and GSE-backed mortgage pools 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 -0.1 19

 20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Finance companies 0.0 -0.0 0.0 0.0 0.0 0.3 0.6 0.4 0.4 0.7 21

 22 REITs 0.0 0.0 0.0 0.7 0.6 0.7 1.2 1.7 2.5 0.2 22

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 1

 2 Nonfinancial corporate business 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 2

 3 Nonfinancial noncorporate business 2.1 1.7 1.8 2.0 1.7 1.4 1.7 2.8 4.2 4.7 3

 4 Net change in assets 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 4

 5 Household sector 0.7 0.3 0.6 0.9 0.7 0.4 0.5 0.8 1.3 1.5 5

 6 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 6

 7 State and local governments 0.0 0.0 -0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 7

 8 Federal government 0.1 0.1 -0.1 0.1 0.0 -0.2 -0.3 -0.1 -0.0 0.2 8

 9 U.S.-chartered depository institutions 0.3 0.2 0.3 0.2 0.3 0.5 0.5 0.6 0.7 0.6 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Life insurance companies 0.5 0.4 0.3 0.2 -0.0 -0.1 -0.0 0.1 0.3 0.3 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.1 -0.1 -0.0 0.0 0.1 -0.1 12

 13 Government-sponsored enterprises 0.6 0.7 0.7 0.5 0.6 0.5 0.7 1.2 1.9 2.5 13

 14 Agency- and GSE-backed mortgage pools 0.1 0.1 0.2 0.1 0.2 0.3 0.4 0.3 0.2 -0.0 14

(1) Excludes mortgages on farm houses.
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Historical Annuals, 1965-1974, March 6, 2014 53

F.222 Consumer Credit

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities (Households) 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 1

 2 Net change in assets 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 2

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

 4 Nonfinancial corporate business 0.9 0.2 0.3 0.1 0.2 0.6 2.7 0.7 -0.6 1.1 4

 5 Nonfinancial noncorporate business 0.3 -0.1 -0.1 -0.0 -0.1 0.1 -0.1 -0.1 -0.2 -0.4 5

 6 Federal government (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 U.S.-chartered depository institutions 5.6 3.1 3.7 6.9 5.1 2.3 8.9 13.1 16.0 4.0 7

 8 Credit unions 1.0 1.0 0.8 1.4 2.0 1.3 1.8 2.2 2.7 2.3 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

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

 11 Finance companies 2.3 1.8 0.5 2.3 2.8 0.1 2.3 3.6 4.6 1.9 11

 Memo:

 12 Credit card loans (3) 0.0 0.0 0.0 2.1 1.6 1.4 3.4 1.2 2.0 2.0 12

 13 Auto loans 3.5 1.6 0.1 3.2 2.6 -0.6 4.2 7.3 5.9 0.5 13

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

 15 Other consumer credit (5) 6.6 4.3 5.0 5.4 5.7 3.6 8.0 11.0 14.5 6.5 15

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

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

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

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

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

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

(5) Includes student loans before 2006:Q1.
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54 Historical Annuals, 1965-1974, March 6, 2014

F.223 Trade Credit

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in trade payables 13.8 11.0 9.4 17.2 23.7 10.0 16.7 28.5 47.9 36.7 1

 2 Household sector 0.4 0.4 0.6 0.6 0.7 0.6 0.9 0.8 0.7 1.2 2

 3 Nonfinancial corporate business 11.8 9.1 5.9 16.4 19.5 7.9 13.7 23.2 38.1 26.5 3

 4 Nonfinancial noncorporate business -0.3 -1.2 -0.1 -2.1 0.6 -0.7 0.2 1.1 3.4 3.1 4

 5 State and local governments 1.4 1.5 1.7 1.9 2.0 2.2 2.4 2.5 2.8 3.3 5

 6 Federal government 0.6 0.8 0.7 -0.0 -0.1 -1.0 -1.0 0.3 1.1 -0.5 6

 7 Rest of the world -0.1 0.3 0.5 0.4 0.8 1.0 0.5 0.5 1.9 3.1 7

 8 Brokers and dealers 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 8

 9 Net change in trade receivables 14.7 15.7 11.8 20.4 26.9 8.8 13.3 29.9 48.9 35.6 9

 10 Nonfinancial corporate business 13.3 12.4 8.3 18.5 22.8 8.4 12.4 26.4 40.9 31.8 10

 11 Nonfinancial noncorporate business -0.2 0.6 0.5 -1.4 0.5 -1.5 1.5 0.6 2.3 2.2 11

 12 State and local governments 0.8 0.6 0.6 0.9 1.2 0.6 0.9 1.5 2.8 -2.0 12

 13 Federal government 0.4 1.2 1.5 0.6 0.9 -0.8 -1.7 -0.8 0.3 1.0 13

 14 Rest of the world 0.2 0.6 0.7 1.5 1.0 1.6 -0.1 1.0 2.0 2.1 14

 15 Property-casualty insurance companies 0.2 0.2 0.3 0.3 0.4 0.5 0.3 1.2 0.6 0.5 15

 16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Discrepancy -0.9 -4.7 -2.5 -3.2 -3.2 1.1 3.5 -1.4 -1.0 1.1 17

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 1.1 0.8 7.0 6.6 -6.7 -0.8 3.8 8.7 -7.9 -3.6 1

 2 Household sector 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 2

 3 Rest of the world 0.0 0.0 0.2 0.2 -0.2 0.0 0.0 0.1 -0.2 -0.0 3

 4 Brokers and dealers 0.7 0.8 3.8 3.7 -3.1 0.5 1.3 4.9 -3.6 -2.1 4

 5 Customer credit balances (HH) 0.9 0.2 2.3 2.4 -2.0 -1.0 0.5 0.2 -0.2 -1.0 5

 6 From U.S.-chartered depository institutions 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 6

 7 From foreign banking offices in U.S. -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 7

 8 Net change in assets 1.1 0.8 7.0 6.6 -6.7 -0.8 3.8 8.7 -7.9 -3.6 8

 9 Household sector 0.9 0.2 2.2 2.1 -1.8 -0.9 0.5 0.1 -0.2 -1.0 9

 10 Rest of the world 0.0 0.0 0.1 0.3 -0.2 -0.1 -0.0 0.1 -0.0 -0.0 10

 11 U.S.-chartered depository institutions 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 11

 12 Foreign banking offices in U.S. -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 12

 13 Brokers and dealers 0.4 -0.0 3.2 2.8 -3.5 -1.3 2.6 3.7 -4.3 -1.6 13
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Historical Annuals, 1965-1974, March 6, 2014 55

F.225 Life Insurance Reserves

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 1

 2 Federal government 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 2

 3 Life insurance companies 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 3

 4 Net change in assets 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 4

 5 Households 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 5

 6 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

F.226 Pension Entitlements

Billions of dollars

 1 Net change in liabilities 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 1

 2 Life insurance companies (1) 2.1 2.1 1.5 2.3 3.1 2.9 4.6 4.4 5.7 6.0 2

 3 Private pension funds (2) 12.7 16.8 19.1 22.5 28.5 18.3 16.8 26.1 22.7 27.2 3

 4 State and local govt. retirement funds 6.4 7.0 7.6 9.2 10.5 11.8 14.0 16.5 17.2 19.1 4

 5 Federal government retirement funds (3) 14.5 15.8 17.0 18.3 20.4 25.3 28.6 30.2 31.3 32.0 5

 6 Net change in assets (Households) (4) 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 6

(1) Annuities, including those at IRAs.

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

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

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

F.227 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all 2.1 -0.9 -4.4 1.3 -1.5 -2.0 4.1 3.9 5.4 9.0 1

 businesses

 2 Nonfinancial corporate business 2.1 -0.9 -4.2 1.1 -1.7 -2.6 3.1 2.4 3.8 7.4 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 1.5 1.6 3

 4 U.S.-chartered depository institutions -0.1 -0.1 -0.1 -0.0 0.1 0.4 0.0 -0.2 0.1 0.2 4

 5 Property-casualty insurance companies 0.1 0.0 0.0 -0.0 0.1 0.1 -0.0 0.1 0.0 0.0 5

 6 Life insurance companies -0.0 0.1 -0.1 0.2 0.1 0.1 -0.0 0.0 0.0 -0.0 6

 7 Finance companies 0.1 -0.0 -0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Brokers and dealers 0.0 0.0 0.1 0.0 -0.1 0.0 -0.0 0.0 -0.0 -0.1 8

 9 Net change in business taxes receivable 1.3 -1.4 -5.0 1.0 -3.2 -2.6 2.7 1.4 3.1 1.7 9

 10 State and local governments 0.1 0.0 0.1 0.2 0.0 0.1 1.2 1.8 1.6 1.7 10

 11 Federal government 1.2 -1.4 -5.1 0.8 -3.2 -2.7 1.4 -0.4 1.5 -0.0 11

 12 Discrepancy 0.8 0.5 0.6 0.2 1.7 0.6 1.4 2.5 2.3 7.3 12

F.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 9.5 -27.4 1

 2 Nonfinancial noncorporate business 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.8 -28.2 2

 3 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 3
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56 Historical Annuals, 1965-1974, March 6, 2014

F.229 Total Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 27.7 25.6 35.1 39.3 49.6 61.9 71.4 87.9 88.1 75.7 1

 2 Household sector 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 2

 3 Nonfinancial corporate business 0.9 1.0 4.6 0.3 3.9 -5.1 1.0 -0.8 1.5 7.7 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.4 5.7 4

 5 State and local governments 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 5

 6 Federal government 14.5 15.4 17.1 19.1 20.0 25.9 29.4 30.2 30.9 32.0 6

 7 Rest of the world 4.5 5.5 4.9 5.6 6.2 8.5 8.9 8.7 12.0 9.8 7

 8 Monetary authority -0.3 0.1 0.1 0.4 0.3 0.5 -0.2 0.0 1.3 -0.2 8

 9 U.S.-chartered depository institutions 1.8 0.2 2.4 5.1 3.2 6.9 9.5 16.3 4.0 4.5 9

 10 Foreign banking offices in U.S. 0.3 0.1 0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.6 -0.4 10

 11 Banks in U.S.-affiliated areas -0.0 0.0 0.0 0.0 -0.0 0.1 0.1 0.1 0.3 -0.2 11

 12 Credit unions -0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.1 0.3 12

 13 Property-casualty insurance companies 1.5 1.8 2.1 2.5 3.4 3.4 3.6 4.8 4.8 4.6 13

 14 Life insurance companies 1.2 1.2 1.6 1.5 1.4 1.5 1.9 2.6 2.5 2.6 14

 15 Government-sponsored enterprises 0.1 0.2 0.5 -0.2 0.4 1.8 -0.5 0.4 2.2 0.4 15

 16 Finance companies -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.8 3.4 4.0 -4.1 16

 17 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 1.4 17

 18 Brokers and dealers -0.1 -0.0 -0.1 -0.1 -0.1 -0.0 -0.0 0.8 -0.3 0.2 18

 19 Holding companies 0.0 0.0 0.0 0.0 4.4 6.9 3.5 6.1 12.2 1.0 19

 20 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 20

 21 Net change in assets 34.6 28.0 39.8 46.0 53.3 67.5 80.8 107.4 102.5 81.6 21

 22 Household sector 1.4 1.3 1.6 1.9 2.2 2.7 2.6 2.9 3.1 2.9 22

 23 Nonfinancial corporate business 11.6 3.5 7.3 8.8 10.6 11.9 17.2 32.2 24.6 11.0 23

 24 Nonfinancial noncorporate business 0.5 0.6 0.6 0.8 1.1 1.1 5.3 6.2 4.4 1.1 24

 25 State and local governments -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 25

 26 Federal government 0.1 0.4 -0.1 -0.2 0.1 0.3 0.1 0.1 1.0 0.1 26

 27 Rest of the world -0.5 -0.5 0.6 0.6 -5.0 -0.3 -1.2 3.0 5.6 9.1 27

 28 Monetary authority 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 28

 29 U.S.-chartered depository institutions 0.9 -0.0 2.7 1.7 -0.4 2.3 4.3 5.2 -1.1 0.3 29

 30 Foreign banking offices in U.S. 0.0 0.1 -0.6 0.5 -0.8 -1.4 0.6 1.4 0.1 -0.6 30

 31 Banks in U.S.-affiliated areas 0.0 0.1 0.1 0.1 0.9 0.3 0.1 0.0 0.1 -0.2 31

 32 Credit unions -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 -0.1 32

 33 Property-casualty insurance companies 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 33

 34 Life insurance companies 0.5 0.2 0.3 0.6 0.9 0.8 0.9 1.0 0.9 1.4 34

 35 Private pension funds 1.7 4.3 5.9 7.5 12.5 10.4 8.0 5.6 9.1 12.4 35

 36 State and local govt. retirement funds 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 36

 37 Federal government retirement funds 14.5 15.8 17.0 18.3 20.4 25.3 28.6 30.2 31.3 32.0 37

 38 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 38

 39 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 Government-sponsored enterprises 0.1 -0.1 0.0 0.0 0.4 0.8 0.2 -0.3 1.0 -1.8 40

 41 Finance companies 0.5 -0.6 0.4 0.6 0.8 1.2 1.7 1.4 1.5 -2.2 41

 42 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.1 -0.6 -0.4 42

 43 Brokers and dealers 0.1 -0.1 0.3 0.1 -0.2 0.1 0.2 0.2 -0.3 -0.7 43

 44 Holding companies 0.0 0.0 0.0 0.0 4.7 7.0 4.3 8.9 13.7 5.3 44

 45 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

 46 Discrepancy -6.9 -2.4 -4.7 -6.7 -3.7 -5.6 -9.5 -19.6 -14.3 -6.0 46
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Historical Annuals, 1965-1974, March 6, 2014 57

F.230 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 1

 2 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Reinvested earnings 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 3

 4 Intercompany accounts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Nonfinancial corporate business 4.8 5.2 4.5 5.0 5.6 7.1 7.0 7.0 10.5 7.9 5

 6 U.S.-chartered depository institutions 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.4 6

 7 Property-casualty insurance companies 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 8

 9 Finance companies 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Brokers and dealers 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 Foreign direct investment in U.S. (1):

 11 Liab.: Nonfinancial corporate business 0.5 0.4 0.7 0.8 1.2 1.4 0.3 0.9 2.5 4.6 11

 12 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 12

 13 Foreign banking offices in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 13

 14 Property-casualty insurance companies -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 14

 15 Life insurance companies -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 15

 16 Finance companies -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 16

 17 Brokers and dealers -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 0.3 17

 18 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Asset: Rest of the world 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 19

 20 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Reinvested earnings 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 21

 22 Intercompany accounts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 Federal government equity in IBRD, etc.:

 23 Liab.: Rest of the world 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 23

 24 Asset: Federal government 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 24

 Federal Reserve Bank stock:

 25 Liab.: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 25

 26 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 26

 Equity in govt.-sponsored enterprises:

 27 Liab.: Government-sponsored enterprises 0.1 0.3 0.1 -0.2 0.2 -0.0 0.1 0.2 0.5 0.7 27

 28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.0 0.0 0.0 0.1 -0.2 0.0 0.0 0.0 0.0 28

 29 Nonfinancial noncorporate (FCS) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 29

 30 Federal government -0.0 0.1 -0.0 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 U.S.-chartered depository institutions (FHLB) 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.1 0.4 0.5 31

 32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

 33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 Holding company net transactions with subsidiaries:

 34 Liab.: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 1.5 6.0 34

 35 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.4 0.6 -0.3 37

 38 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 2.0 38

 39 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 1.0 39

 40 Asset: Holding companies 0.0 0.0 0.0 0.0 4.0 6.0 5.6 8.4 7.9 8.7 40

 NFC investment in finance company subsidiaries:

 41 Liab.: Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

 42 Asset: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 Funding corporations’ investment in subsidiaries:

 43 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

 44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

 45 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

 Equity investment under Public-Private Inv. Program:

 46 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

 47 Asset: Households (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

 48 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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58 Historical Annuals, 1965-1974, March 6, 2014

F.231 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 1

 2 Asset: Federal government 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government -0.1 -0.2 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector -0.1 -0.2 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises -0.2 -0.0 0.4 -0.0 -0.3 1.3 -0.5 -0.2 0.2 0.6 6

 7 Asset: U.S.-chartered depository institutions -0.2 -0.0 0.4 -0.0 -0.3 1.3 -0.5 -0.2 0.2 0.6 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 8

 9 Asset: Life insurance companies 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 0.7 0.9 0.9 1.0 1.1 1.3 1.3 1.5 1.7 1.7 10

 11 Accident and health 0.2 0.2 0.3 0.3 0.4 0.6 0.4 0.5 0.6 0.7 11

 12 Policy dividend accumulation 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.8 0.9 0.7 12

 13 Contract claims 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 0.3 0.3 13

 14 Asset: Household sector 0.7 0.9 0.9 1.0 1.1 1.3 1.3 1.5 1.7 1.7 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 1.5 1.8 2.1 2.5 3.3 3.4 3.6 4.8 4.8 4.9 15

 16 Asset: Household sector 0.7 0.7 0.8 0.9 1.2 1.4 1.2 1.4 1.4 1.2 16

 17 Nonfinancial corporate business 0.4 0.6 0.7 0.8 1.2 0.9 1.1 1.9 2.0 2.2 17

 18 Nonfinancial noncorporate business 0.4 0.5 0.6 0.7 1.0 1.1 1.3 1.5 1.4 1.5 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Pension fund contributions payable:

 21 Liab.: Nonfinancial corporate business 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 21

 22 Asset: Private pension funds 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 22

 Securities borrowed (net):

 23 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Asset: Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 Nonmarketable government securities:

 25 Liab.: Federal government 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 25

 26 Asset: Federal government retirement funds 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 26

 Retiree health care funds (2):

 27 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business ND ND ND ND ND ND ND ND ND ND 29

 30 State and local governments 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 30

 31 Federal government 13.2 14.5 15.7 17.0 18.9 22.9 25.8 27.2 29.2 29.2 31

 32 Asset: Private pension funds ND ND ND ND ND ND ND ND ND ND 32

 33 State and local govt. retirement funds 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 33

 34 Federal government retirement funds 13.2 14.5 15.7 17.0 18.9 22.9 25.8 27.2 29.2 29.2 34

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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Historical Annuals, 1965-1974, March 6, 2014 59

F.232 Unidentified Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 1.0 -5.3 0.7 0.1 -3.5 -0.1 9.8 26.8 12.9 -5.2 1

 2 Nonfinancial corporate business -0.7 -2.6 -1.0 -7.2 -8.9 -16.1 -6.4 -0.6 -6.6 -4.6 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.3 5.6 3

 4 Federal government 0.0 -0.1 0.2 0.7 -0.4 0.5 0.8 0.0 -0.4 -0.0 4

 5 Rest of the world -0.6 -0.2 0.2 0.2 0.2 0.6 1.2 0.8 -2.8 -0.3 5

 6 Monetary authority -0.3 0.1 0.1 0.3 0.3 0.5 -0.2 -0.0 1.2 -0.2 6

 7 U.S.-chartered depository institutions 1.8 0.2 2.4 5.1 -0.8 0.9 4.5 10.3 2.5 -1.5 7

 8 Foreign banking offices in U.S. 0.3 0.1 -0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.5 -0.6 8

 9 Banks in U.S.-affiliated areas -0.0 0.0 0.0 0.0 -0.0 0.1 0.1 0.1 0.3 -0.2 9

 10 Credit unions -0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.1 0.3 10

 11 Life insurance companies 0.4 0.4 0.7 0.5 0.3 0.2 0.6 1.1 0.8 1.1 11

 12 Government-sponsored enterprises 0.1 -0.1 0.1 -0.0 0.5 0.5 -0.1 0.4 1.4 -1.0 12

 13 Finance companies -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.2 1.1 3.4 -3.8 13

 14 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 1.4 14

 15 Brokers and dealers -0.0 -0.0 -0.0 -0.1 -0.1 -0.0 -0.1 0.8 -3.5 -2.1 15

 16 Holding companies 0.0 0.0 0.0 0.0 4.4 6.9 3.5 6.1 12.2 1.0 16

 17 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 17

 18 Net change in assets 7.9 -2.9 5.4 6.8 0.2 5.5 19.2 46.3 27.3 0.8 18

 19 Nonfinancial corporate business 6.4 -2.3 2.0 3.0 3.7 4.1 9.1 23.2 12.1 0.9 19

 20 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 4.0 4.6 2.8 -0.7 20

 21 State and local governments -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 21

 22 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Rest of the world -0.9 -0.9 -0.1 -0.3 -6.3 -1.8 -1.6 2.0 2.8 4.4 23

 24 Monetary authority 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 24

 25 U.S.-chartered depository institutions 1.0 -0.1 2.2 1.7 -0.3 0.7 4.6 5.0 -2.1 -1.3 25

 26 Foreign banking offices in U.S. 0.0 0.1 -0.6 0.5 -0.8 -1.4 0.6 1.4 0.1 -0.6 26

 27 Banks in U.S.-affiliated areas 0.0 0.1 0.1 0.1 0.9 0.3 0.1 0.0 0.1 -0.2 27

 28 Credit unions -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 -0.1 28

 29 Life insurance companies 0.2 -0.1 -0.1 0.2 0.4 0.3 0.6 0.4 0.5 0.6 29

 30 Private pension funds 0.6 1.0 1.0 0.8 0.8 0.9 0.8 6.7 3.6 4.6 30

 31 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 31

 32 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 32

 33 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Government-sponsored enterprises 0.1 -0.1 0.0 0.0 0.4 0.8 0.2 -0.3 1.0 -1.8 34

 35 Finance companies 0.4 -0.7 0.4 0.6 0.7 1.1 1.7 1.3 1.4 -2.3 35

 36 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.1 -0.6 -0.4 36

 37 Brokers and dealers 0.0 -0.2 0.2 0.1 -0.2 0.1 0.2 0.1 -0.3 -0.7 37

 38 Holding companies 0.0 0.0 0.0 0.0 0.7 1.0 -1.2 0.5 5.8 -3.3 38

 39 Discrepancy -6.9 -2.4 -4.7 -6.7 -3.7 -5.6 -9.5 -19.6 -14.3 -6.0 39
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60 Historical Annuals, 1965-1974, March 6, 2014

F.11 Sector Discrepancies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 All sectors -6.4 -11.1 -9.4 -5.9 -7.6 -6.4 -14.7 -25.9 -16.7 5.2 1

 2 Household sector -11.4 -20.5 -14.3 -15.1 -21.9 -23.7 -19.5 -30.1 -39.3 -9.6 2

 3 Nonfinancial corporate business 8.4 12.6 8.4 9.6 8.5 11.4 9.2 0.8 29.2 10.0 3

 4 State and local governments -1.4 -0.3 -0.4 -0.6 3.9 5.1 4.6 3.4 -1.6 4.5 4

 5 Federal government -0.5 -2.3 -0.9 2.9 0.4 -2.5 -0.8 -2.1 -0.9 0.2 5

 6 Rest of the world -1.2 -0.1 -1.1 -0.5 -2.7 -1.6 -11.5 -3.6 -4.3 -6.4 6

 7 Financial sectors -0.3 -0.4 -1.1 -2.2 4.2 5.0 3.4 5.6 0.2 6.6 7

 8 Monetary authority -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.2 -0.0 0.0 -0.0 8

 9 U.S.-chartered depository institutions 1.2 0.5 -0.4 0.1 4.8 8.0 5.7 7.8 2.3 8.1 9

 10 Foreign banking officed in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 10

 11 Banks in U.S.-affiliated areas -0.0 0.0 0.0 0.0 -0.0 0.1 0.1 0.1 0.2 -0.2 11

 12 Credit unions -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.1 0.3 12

 13 Property-casualty insurance companies 0.2 0.2 0.5 -0.2 0.8 -1.1 -1.2 -0.8 -0.3 0.3 13

 14 Life insurance companies -0.2 0.1 0.2 0.0 0.7 0.5 1.0 0.4 -0.2 0.5 14

 15 Mutual funds -0.1 0.1 0.2 0.1 0.1 -0.1 -0.0 -0.0 -0.3 -0.2 15

 16 Government-sponsored enterprises -0.0 0.0 -0.0 0.0 0.1 -0.1 0.0 0.0 0.3 0.4 16

 17 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Finance companies -0.5 -0.6 -0.7 -1.3 -1.1 -1.1 -0.4 -0.2 -0.3 -1.0 18

 19 REITs -0.0 -0.0 -0.0 -0.0 0.0 0.1 0.1 0.2 0.3 0.3 19

 20 Brokers and dealers -0.2 -0.0 -0.2 -0.2 -0.2 -0.4 -0.5 -0.4 -0.3 -0.0 20

 21 Holding companies -0.6 -0.7 -0.6 -0.7 -0.8 -0.9 -1.2 -1.4 -1.6 -1.9 21

F.12 Instrument Discrepancies

Billions of dollars

 1 All types -6.4 -11.1 -9.4 -5.9 -7.6 -6.4 -14.7 -25.9 -16.7 5.2 1

 2 Treasury currency 0.1 0.2 0.2 0.2 0.2 -0.1 0.0 -0.2 0.0 -0.1 2

 3 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Net interbank transactions 0.2 0.9 -0.3 0.7 0.3 -0.0 -2.2 -5.4 0.7 2.1 4

 5 Security repurchase agreements -0.6 -2.7 0.5 1.6 -1.0 2.8 1.4 0.3 2.3 8.4 5

 6 Mail floats 1.9 2.3 0.2 4.5 -0.0 0.4 0.5 5.3 -0.1 0.4 6

 7 State and local governments 1.3 0.3 -0.2 2.0 -1.2 1.2 -1.1 0.2 0.3 0.0 7

 8 Federal government 0.4 -0.0 0.6 1.0 -0.9 -1.0 -0.4 0.6 0.3 -0.1 8

 9 Private domestic 0.1 2.1 -0.2 1.5 2.1 0.2 2.0 4.5 -0.6 0.4 9

 10 Trade credit -0.9 -4.7 -2.5 -3.2 -3.2 1.1 3.5 -1.4 -1.0 1.1 10

 11 Taxes payable 0.8 0.5 0.6 0.2 1.7 0.6 1.4 2.5 2.3 7.3 11

 12 Miscellaneous -6.9 -2.4 -4.7 -6.7 -3.7 -5.6 -9.5 -19.6 -14.3 -6.0 12

 13 Nonfinancial -0.9 -5.2 -3.5 -3.3 -1.8 -5.6 -9.8 -7.5 -6.6 -8.0 13

 Nonfinancial components (sign reversed):

 14 Statistical discrepancy (NIPA) 0.8 5.1 3.4 3.2 1.6 5.4 9.5 7.1 6.1 7.4 14

 15 Contr. for govt. soc. insur., U.S. affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 15
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Historical Annuals, 1965-1974, March 6, 2014 61

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 2210.1 2257.7 2523.1 2812.5 2799.2 2936.3 3261.0 3705.0 3752.9 3800.1 1

 2 Deposits 380.1 400.6 446.1 485.3 492.2 542.1 623.1 708.6 777.4 840.8 2

 3 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Checkable deposits and currency 91.6 93.5 103.8 112.7 110.9 118.6 132.1 144.4 152.5 157.4 4

 5 Time and savings deposits 288.5 307.1 342.3 372.5 381.3 423.5 491.0 564.2 624.9 681.0 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6

 7 Credit market instruments 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 7

 8 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 8

 9 Treasury securities 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 9

 10 Agency- and GSE-backed securities 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 10

 11 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 11

 12 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 12

 13 Other loans and advances (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Mortgages 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 14

 15 Consumer credit (student loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Corporate equities (3) 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 16

 17 Mutual fund shares 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 17

 18 Security credit 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 18

 19 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 19

 20 Pension entitlements (4) 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 20

 21 Claims of pension fund on sponsor 235.9 261.1 276.2 301.3 342.5 385.7 421.1 454.9 494.1 562.7 21

 22 Funded pension entitlements 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 22

 23 Equity in noncorporate business 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 937.5 1050.4 23

 24 Miscellaneous assets 18.5 19.9 21.7 23.6 25.8 28.5 31.1 34.0 37.1 40.0 24

 25 Total liabilities 353.4 376.6 404.2 436.2 463.7 478.7 525.5 585.5 652.4 709.1 25

 26 Credit market instruments 340.6 363.1 386.8 415.2 445.0 460.3 503.2 558.2 628.2 684.5 26

 27 Home mortgages (5) 219.4 232.7 245.9 262.8 278.6 285.9 309.4 343.5 382.2 419.3 27

 28 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 28

 29 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 29

 30 Depository institution loans n.e.c. (6) 5.4 6.1 7.2 7.4 7.8 7.9 9.8 9.1 12.6 18.2 30

 31 Other loans and advances 10.0 11.9 13.3 15.3 18.3 20.9 22.3 23.6 26.2 29.4 31

 32 Commercial mortgages 8.3 9.0 12.0 10.3 11.0 11.9 12.5 13.2 13.9 14.5 32

 33 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 33

 34 Trade payables 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 34

 35 Deferred and unpaid life insurance premiums 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 35

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

 outstandings of nonprofit organizations.

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

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 17), life insurance reserves (line 19) and pension entitlements (line 20).

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

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

(6) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 19.
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62 Historical Annuals, 1965-1974, March 6, 2014

L.101 Nonfinancial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 299.4 314.8 333.9 366.8 403.0 426.3 477.7 556.2 647.3 696.5 1

 2 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 2

 3 Checkable deposits and currency 51.5 50.9 53.4 56.3 62.0 63.1 61.7 64.4 70.4 71.9 3

 4 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 6.7 12.5 16.5 22.8 28.2 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security repurchase agreements 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 6

 7 Credit market instruments 37.1 36.1 34.6 37.3 36.5 39.2 48.5 52.3 50.8 55.5 7

 8 Commercial paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 8

 9 Treasury securities 12.5 11.1 8.7 9.3 6.1 7.0 10.0 8.0 3.7 3.9 9

 10 Agency- and GSE-backed securities 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 10

 11 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 11

 12 Mortgages 0.1 0.1 0.1 0.1 0.5 0.9 2.1 3.2 3.6 4.1 12

 13 Consumer credit 17.3 17.4 17.6 17.6 17.7 18.5 21.0 21.6 22.6 23.4 13

 14 Mutual fund shares 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 14

 15 Trade receivables 128.8 141.8 150.6 167.8 191.1 198.0 211.9 239.0 280.4 258.8 15

 16 Miscellaneous assets 71.2 75.3 83.2 92.7 104.5 117.6 140.1 178.4 207.5 270.8 16

 17 Total liabilities 445.4 488.1 526.4 584.4 655.0 709.0 781.7 883.0 1040.7 1092.7 17

 18 Credit market instruments 302.7 337.2 369.2 411.4 459.7 510.1 560.9 632.9 726.2 818.2 18

 19 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 19

 20 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 20

 21 Corporate bonds 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 21

 22 Depository institution loans n.e.c. 74.1 85.1 92.3 104.0 116.5 122.2 128.1 144.9 177.6 207.1 22

 23 Other loans and advances 25.6 28.0 29.4 31.9 42.7 44.7 47.1 52.1 63.1 76.0 23

 24 Mortgages 105.0 115.1 122.4 136.3 148.2 169.4 193.8 230.5 267.7 291.9 24

 25 Trade payables 107.6 115.6 121.5 135.8 156.0 163.2 177.0 201.3 252.8 192.7 25

 26 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 14.1 18.0 23.3 30.1 26

 27 Miscellaneous liabilities 16.7 17.8 22.5 22.8 26.7 25.7 29.7 30.8 38.4 51.7 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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Historical Annuals, 1965-1974, March 6, 2014 63

L.102 Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 262.7 277.1 294.9 328.0 362.2 383.6 425.2 493.7 571.8 616.2 1

 2 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 2

 3 Checkable deposits and currency 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 3

 4 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security repurchase agreements 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 6

 7 Credit market instruments 33.1 32.1 30.7 33.2 32.0 33.9 42.0 44.6 42.9 47.8 7

 8 Commercial paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 8

 9 Treasury securities 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 9

 10 Agency- and GSE-backed securities 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 10

 11 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 11

 12 Mortgages 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 12

 13 Consumer credit 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 13

 14 Mutual fund shares 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 14

 15 Trade receivables 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 15

 16 Miscellaneous assets 64.7 68.3 75.5 84.2 94.9 106.9 124.0 156.1 180.8 243.0 16

 17 U.S. direct investment abroad (1) 53.3 56.7 63.0 70.8 79.8 90.6 99.6 120.5 120.3 128.2 17

 18 Insurance receivables 6.9 7.4 8.1 8.9 10.1 11.0 12.1 14.0 16.0 18.1 18

 19 Equity in GSEs 0.1 0.1 0.2 0.2 0.3 0.0 0.0 0.0 0.1 0.1 19

 20 Investment in finance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Other 4.4 4.0 4.2 4.3 4.8 5.2 12.3 21.7 44.5 96.6 21

 22 Total liabilities 336.9 371.1 399.1 448.2 502.9 542.3 588.2 652.8 764.6 769.2 22

 23 Credit market instruments 207.2 232.0 253.6 284.8 317.8 361.6 389.7 430.3 496.0 550.9 23

 24 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 24

 25 Municipal securities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 25

 26 Corporate bonds (1) 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 26

 27 Depository institution loans n.e.c. 60.1 68.8 74.6 84.9 94.6 99.9 103.6 117.7 132.7 153.9 27

 28 Other loans and advances (3) 14.9 16.4 16.6 18.3 27.6 28.0 29.2 33.1 40.8 50.1 28

 29 Mortgages 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 29

 30 Trade payables 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 30

 31 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 31

 32 Miscellaneous liabilities 16.6 17.6 22.3 22.6 26.4 16.9 17.9 16.3 20.5 28.1 32

 33 Foreign direct investment in U.S. 6.4 6.9 7.6 8.3 9.6 11.1 11.2 11.9 14.6 19.3 33

 34 Pension fund contributions payable 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 34

 35 Claims of pension fund on sponsor ND ND ND ND ND ND ND ND ND ND 35

 36 Other -16.1 -22.8 -17.9 -20.4 -34.1 -57.0 -53.3 -48.8 -66.5 -86.6 36

 Memo:

 37 Trade receivables net of payables 26.0 29.2 31.6 33.7 37.0 37.5 36.3 39.5 40.5 79.9 37

 38 Market value of equities 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 38

 39 Securities and mortgages 131.4 145.2 159.4 177.4 190.3 226.5 250.6 272.6 314.2 334.4 39

 40 Loans and short-term paper 75.8 86.8 94.2 107.4 127.5 135.0 139.1 157.8 181.9 216.5 40

 41 Total short-term liabilities (4) 189.0 208.3 217.5 248.2 286.1 298.9 319.7 364.0 430.0 406.7 41

 42 Total liquid assets (5) 63.8 62.0 64.0 69.7 70.1 70.5 79.9 89.1 102.1 106.6 42

 Analytical measures (percent)

 43 Long-term debt/credit market debt 63.4 62.6 62.8 62.3 59.9 62.6 64.3 63.3 63.3 60.7 43

 44 Short-term debt/credit market debt 36.6 37.4 37.2 37.7 40.1 37.4 35.7 36.7 36.7 39.3 44

 45 Liquid assets/short-term liabilities 33.7 29.8 29.4 28.1 24.5 23.6 25.0 24.5 23.8 26.2 45

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

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

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

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

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
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64 Historical Annuals, 1965-1974, March 6, 2014

L.103 Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 36.7 37.7 39.0 38.8 40.8 42.7 52.5 62.5 75.6 80.3 1

 2 Checkable deposits and currency 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 2

 3 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 4.0 4.0 4.0 4.2 4.5 5.2 6.5 7.7 7.9 7.7 5

 6 Treasury securities 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 6

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

 8 Mortgages 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 8

 9 Consumer credit 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 9

 10 Trade receivables 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 10

 11 Miscellaneous assets 6.5 7.0 7.7 8.5 9.6 10.7 16.1 22.3 26.7 27.8 11

 12 Insurance receivables 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 12

 13 Equity investment in GSEs (1) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 13

 14 Other 0.0 -0.0 0.0 0.0 0.0 0.0 4.0 8.6 11.4 10.8 14

 15 Total liabilities 108.5 117.0 127.3 136.2 152.2 166.7 193.5 230.2 276.0 323.5 15

 16 Credit market instruments 95.6 105.3 115.6 126.6 141.9 148.6 171.2 202.6 230.1 267.2 16

 17 Depository institution loans n.e.c. 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 17

 18 Other loans and advances 10.7 11.6 12.8 13.6 15.1 16.6 17.8 19.0 22.3 25.9 18

 19 Mortgages 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 19

 20 Trade payables 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 20

 21 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 21

 22 Miscellaneous liabilities 0.2 0.2 0.2 0.2 0.3 8.9 11.8 14.5 17.9 23.6 22

(1) Equity in the Farm Credit System.
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L.104 State and Local Governments (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 56.6 60.6 64.0 69.8 75.8 80.1 89.2 106.3 128.5 138.0 1

 2 Checkable deposits and currency 9.8 10.3 11.1 10.4 12.3 11.3 12.1 12.7 12.7 12.9 2

 3 Time and savings deposits 12.2 13.5 15.7 18.9 13.1 23.0 30.2 37.0 43.6 48.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security repurchase agreements -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 5

 6 Credit market instruments 27.5 27.5 27.6 31.4 36.4 35.1 33.4 40.1 49.8 56.4 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 19.5 20.1 19.7 19.9 23.0 22.9 22.6 24.9 26.1 26.5 8

 9 Agency- and GSE-backed securities 3.1 2.4 2.8 6.2 7.5 5.2 3.0 6.3 13.0 16.0 9

 10 Municipal securities 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 10

 11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Mortgages 2.7 2.9 3.0 3.2 3.7 4.6 5.6 7.0 8.7 11.2 12

 13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Trade receivables 6.6 7.2 7.8 8.8 10.0 10.6 11.6 13.0 15.8 13.8 15

 16 Taxes receivable 0.9 0.9 1.0 1.2 1.2 1.3 2.5 4.3 5.9 7.6 16

 17 Miscellaneous assets 0.3 0.5 0.5 0.4 0.3 0.2 0.3 0.2 0.2 0.1 17

 18 Total liabilities 148.9 161.2 171.0 188.1 209.7 225.0 257.0 287.8 295.7 329.0 18

 19 Credit market instruments 103.2 110.0 117.4 126.1 138.3 150.3 166.7 180.7 194.8 208.2 19

 20 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 20

 21 Short-term (2) 5.5 6.2 8.0 8.1 10.9 13.3 15.7 15.8 16.1 18.8 21

 22 Long-term 94.9 100.5 105.8 114.0 122.6 132.2 145.8 159.4 173.8 183.8 22

 23 U.S. government loans 2.8 3.4 3.6 4.0 4.7 4.8 5.2 5.5 4.9 5.6 23

 24 Trade payables 13.3 14.8 16.5 18.4 20.4 22.6 25.0 27.5 30.3 33.6 24

 25 Claims of pension fund on sponsor (3) 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 25

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

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

(3) Included in miscellaneous liabilities.
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66 Historical Annuals, 1965-1974, March 6, 2014

L.105 Federal Government

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 61.3 64.9 72.7 78.6 83.3 85.3 91.1 93.3 97.8 104.3 1

 2 U.S. official reserve assets 1.4 0.9 1.3 3.3 4.7 3.6 2.2 2.6 2.9 4.3 2

 3 Checkable deposits and currency 6.8 6.4 7.5 5.1 6.9 9.8 13.2 13.3 12.6 8.3 3

 4 Time and savings deposits 0.3 0.2 0.3 0.4 0.2 0.5 0.5 0.6 0.4 0.5 4

 5 Credit market instruments 37.6 42.7 47.3 52.2 55.4 58.2 60.3 62.1 64.8 72.1 5

 6 Agency- and GSE-backed securities 0.0 1.4 1.3 1.4 0.1 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Other loans and advances 31.7 34.5 38.2 41.6 45.0 47.6 50.1 52.7 56.0 59.5 8

 9 Mortgages 5.9 6.9 7.8 9.3 10.2 10.5 10.2 9.5 8.9 12.6 9

 10 Consumer credit (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Trade receivables 3.1 4.4 5.8 6.4 7.3 6.6 4.9 4.0 4.3 5.3 12

 13 Taxes receivable 6.8 4.5 4.8 5.7 3.3 0.9 4.1 4.7 5.8 6.8 13

 14 Miscellaneous assets 5.4 5.8 5.7 5.4 5.5 5.8 5.8 6.0 6.9 7.0 14

 15 Total liabilities 475.4 496.4 527.7 558.9 574.7 619.6 672.9 719.4 759.0 805.5 15

 16 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 16

 17 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 17

 18 Treasury currency 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 18

 19 Credit market instruments 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 19

 20 U.S. savings securities 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 20

 21 Treasury bills 60.2 70.6 69.9 75.0 80.6 87.9 97.5 103.9 107.8 119.7 21

 22 Other Treasury securities 147.1 138.5 147.1 150.7 144.5 149.9 164.0 168.6 168.6 165.7 22

 23 Budget agency securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 23

 24 Multifamily residential mortgages 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 24

 25 Trade payables 5.0 5.8 6.5 6.5 6.4 5.4 4.2 4.4 5.2 6.2 25

 26 Insurance reserves 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 26

 27 Miscellaneous liabilities 198.7 214.4 231.3 249.5 268.3 300.5 328.7 358.6 389.6 422.7 27

 28 Nonmarketable securities held by pension plans (3) 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 28

 29 Claims of pension fund on sponsor 178.4 192.6 208.0 224.7 242.3 272.7 298.0 324.9 353.8 382.8 29

 30 Other 0.6 0.8 1.0 1.2 0.9 0.3 0.3 0.3 0.3 1.7 30

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

 the government purchased from depository institutions and finance companies.

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

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

 retirement fund, and foreign service retirement and disability fund.
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Historical Annuals, 1965-1974, March 6, 2014 67

L.106 Rest of the World

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 61.5 63.1 82.5 94.5 101.3 108.5 136.2 163.8 144.5 190.7 1

 2 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 2

 3 Net interbank assets 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 4.1 3.9 3

 4 U.S. checkable deposits and currency 8.5 9.2 9.8 10.6 11.5 12.4 12.7 15.1 18.9 22.7 4

 5 U.S. time deposits 6.1 6.4 7.7 7.4 8.8 7.1 7.5 10.6 13.4 21.1 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 7

 8 Credit market instruments 17.4 17.3 20.0 22.6 23.2 35.0 62.8 73.2 74.7 79.8 8

 9 Open market paper 2.0 2.2 2.2 2.8 3.8 4.3 4.1 4.1 4.4 4.8 9

 10 Treasury securities 13.1 11.2 13.2 12.6 10.2 19.7 46.3 54.5 54.3 58.3 10

 11 Official 11.4 9.8 12.0 11.2 9.0 18.4 45.0 53.2 53.2 56.5 11

 12 Private 1.7 1.3 1.2 1.3 1.3 1.4 1.3 1.3 1.1 1.8 12

 13 Agency- and GSE-backed securities 1.3 1.7 2.0 2.4 2.7 3.0 3.1 3.2 3.2 2.8 13

 14 Official 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.3 0.9 1.8 14

 15 Private 1.3 1.7 2.0 2.3 2.7 3.0 3.0 2.9 2.4 1.0 15

 16 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 U.S. corporate bonds (1) 1.0 2.2 2.5 4.9 6.4 7.9 9.4 11.4 12.7 13.7 17

 18 Loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 18

 19 U.S. corporate equities 14.6 12.6 25.5 29.5 26.8 27.2 30.8 39.1 33.5 23.9 19

 20 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Trade receivables 2.1 2.7 3.3 4.8 5.8 7.4 7.1 8.0 9.7 11.8 21

 22 Security credit 0.2 0.2 0.3 0.6 0.4 0.3 0.3 0.4 0.3 0.3 22

 23 Miscellaneous assets 8.9 8.0 8.6 9.5 8.0 7.7 7.4 8.2 -13.4 23.8 23

 24 Foreign direct investment in U.S. (2) 8.5 8.9 9.7 10.5 11.7 13.2 13.6 14.7 17.8 22.6 24

 25 Other 0.3 -0.9 -1.1 -1.0 -3.7 -5.5 -6.2 -6.5 -31.3 1.2 25

 26 Total liabilities 98.9 105.6 114.6 126.2 133.7 144.4 154.9 170.9 193.2 220.1 26

 27 U.S. official reserve assets (3) 1.6 1.6 2.8 4.8 5.1 3.4 2.1 2.7 2.7 4.2 27

 28 U.S. private deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 28

 29 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Credit market instruments 37.4 39.4 43.3 46.0 49.2 52.0 56.5 61.1 67.4 81.2 30

 31 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 31

 32 Bonds 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 32

 33 Depository institution loans n.e.c. 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 33

 34 Official 1.1 1.0 1.0 0.8 0.8 0.6 0.8 1.0 1.4 1.7 34

 35 Banks 2.1 2.2 1.8 1.9 2.1 2.0 2.4 3.5 5.1 8.2 35

 36 Other 3.9 3.8 3.9 3.6 3.2 3.2 4.1 5.9 6.5 7.8 36

 37 Other loans and advances 21.2 22.5 25.5 27.6 30.0 32.1 34.2 34.7 37.3 43.9 37

 38 Trade payables 2.6 2.9 3.4 3.8 4.6 5.6 6.1 6.6 8.5 11.5 38

 39 Security debt 0.1 0.1 0.3 0.5 0.3 0.3 0.3 0.4 0.2 0.2 39

 40 Miscellaneous liabilities 56.4 60.7 63.8 69.4 73.4 82.3 88.7 98.0 111.1 118.0 40

 41 U.S. equity in IBRD, etc. 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 41

 42 Nonofficial foreign currencies 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 42

 43 U.S. direct investment abroad (1,2) 55.4 59.0 65.6 73.7 83.1 94.3 103.9 125.5 126.2 135.3 43

 44 Investment by holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 3.5 44

 45 Other -4.2 -3.9 -7.2 -9.7 -15.2 -17.8 -21.1 -33.5 -24.5 -27.8 45

 Memo:

 46 Market value of foreign equities 5.0 4.3 5.2 6.5 7.0 6.6 7.6 10.5 10.0 9.0 46

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
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68 Historical Annuals, 1965-1974, March 6, 2014

L.107 Financial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 1278.2 1362.7 1488.6 1635.3 1750.4 1912.7 2142.7 2425.4 2657.6 2862.4 1

 2 U.S. official reserve assets 14.3 14.0 13.5 12.4 12.3 10.9 10.1 10.5 11.5 11.6 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 3

 4 Treasury currency 5.4 6.2 6.6 6.8 6.8 7.1 7.6 8.3 8.7 9.3 4

 5 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Net interbank assets 25.6 27.9 29.6 32.7 33.0 35.8 39.7 40.3 42.1 39.8 6

 7 Checkable deposits and currency 6.5 6.6 6.9 7.8 7.7 7.9 8.7 9.8 10.3 11.0 7

 8 Time and savings deposits 3.4 4.0 4.7 5.5 6.2 7.2 8.2 9.5 11.7 16.0 8

 9 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Federal funds and security repos 1.5 2.3 2.0 2.0 2.9 3.6 4.5 4.2 7.3 8.0 10

 11 Credit market instruments 817.2 873.7 943.2 1025.8 1097.8 1189.8 1311.4 1475.9 1675.9 1844.7 11

 12 Open market paper 3.3 3.9 5.1 5.6 8.1 9.9 10.9 14.0 16.7 24.0 12

 13 Treasury securities 137.1 137.9 147.5 154.1 144.3 157.2 162.9 165.4 164.2 163.9 13

 14 Agency- and GSE-backed securities 10.5 12.0 15.2 18.0 19.6 26.4 35.0 46.4 59.7 70.7 14

 15 Municipal securities 57.1 59.7 70.2 79.7 81.2 93.8 110.4 122.1 131.5 138.6 15

 16 Corporate and foreign bonds 113.1 122.4 134.9 144.2 152.7 166.6 182.1 199.5 210.7 225.8 16

 17 Depository institution loans n.e.c. 98.4 109.3 116.9 130.1 144.1 151.9 162.8 188.3 234.1 275.6 17

 18 Other loans and advances 34.2 38.5 37.9 42.7 60.0 65.5 66.6 71.2 90.6 117.6 18

 19 Mortgages 283.2 304.0 324.5 349.7 376.3 403.2 452.6 521.8 598.1 649.9 19

 20 Consumer credit 80.2 86.0 91.0 101.7 111.5 115.2 128.2 147.1 170.4 178.6 20

 21 Corporate equities 104.2 99.5 127.5 151.2 146.5 153.8 200.3 242.8 211.0 163.5 21

 22 Mutual fund shares 0.5 0.6 0.7 0.9 1.3 1.7 1.8 1.8 2.2 2.5 22

 23 Trade receivables 2.6 2.9 3.2 3.5 3.9 4.4 4.7 5.8 6.5 7.0 23

 24 Security credit 15.3 15.8 20.5 24.7 20.0 20.2 23.5 32.1 24.3 21.7 24

 25 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Miscellaneous assets 281.6 309.3 330.1 362.1 412.0 469.9 521.9 584.0 645.7 726.9 26

 27 Total liabilities 1205.9 1288.8 1407.9 1546.8 1662.4 1823.2 2045.2 2314.8 2535.3 2750.3 27

 28 Net interbank liabilities 27.6 33.7 35.7 41.6 49.7 46.1 43.2 39.4 39.3 38.8 28

 29 Checkable deposits and currency 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 29

 30 Time and savings deposits 319.4 339.8 380.4 413.7 413.2 468.1 549.9 638.4 716.8 795.5 30

 31 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 31

 32 Federal funds and security repos -1.5 -1.5 -2.2 -1.6 4.6 1.0 4.7 6.2 22.0 23.6 32

 33 Credit market instruments 61.4 72.3 73.2 83.5 111.0 127.3 137.8 161.3 207.9 257.6 33

 34 Open market paper 11.9 15.7 18.4 21.4 32.8 33.1 33.8 34.7 41.7 55.1 34

 35 Agency- and GSE-backed securities 14.7 20.2 20.3 24.1 33.8 43.6 49.5 57.9 77.9 97.9 35

 36 Corporate and foreign bonds 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 36

 37 Depository institution loans n.e.c. 11.7 11.1 10.7 12.4 13.8 16.0 17.6 23.9 30.7 32.6 37

 38 Other loans and advances 6.3 7.0 4.4 5.5 9.3 10.6 7.9 8.0 15.1 22.5 38

 39 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 39

 40 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 40

 41 Trade payables 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.9 41

 42 Security credit 12.0 12.8 16.6 20.3 17.2 17.7 19.0 24.0 20.4 18.3 42

 43 Life insurance reserves 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 43

 44 Pension entitlements 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 44

 45 Taxes payable 1.8 1.7 1.5 1.7 1.9 2.5 2.4 2.5 2.6 2.7 45

 46 Miscellaneous liabilities 63.7 64.1 68.9 78.5 93.0 105.6 125.0 156.0 178.2 183.1 46

 Memo:

 47 Market value of corporate equities 106.1 108.2 117.6 146.5 128.6 122.5 143.5 160.1 118.9 65.9 47

 48 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.7 48

(1) Sum of financial sectors shown on tables L.108 and L.110 through L.130.
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Historical Annuals, 1965-1974, March 6, 2014 69

L.108 Monetary Authority (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 63.5 68.0 72.8 76.7 80.7 86.1 94.6 97.6 106.9 113.4 1

 2 U.S. official reserve assets 14.3 14.0 13.5 12.4 12.3 10.9 10.1 10.5 11.5 11.6 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 3

 4 Treasury currency 5.4 6.2 6.6 6.8 6.8 7.1 7.6 8.3 8.7 9.3 4

 5 Federal Reserve float (2) 2.2 2.5 2.5 3.5 3.4 4.3 4.3 4.0 3.1 2.0 5

 6 Interbank loans (2) 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 6

 7 Discount window (3) 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 7

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

 9 Security repurchase agreements 0.4 0.8 0.3 0.0 0.0 0.0 1.5 0.1 0.1 1.4 9

 10 Credit market instruments 40.6 43.7 49.1 53.0 57.2 62.2 69.6 71.2 80.5 85.3 10

 11 Open market paper 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.6 11

 12 Treasury securities 40.5 43.7 49.0 52.9 57.2 62.1 69.0 69.8 78.5 80.1 12

 13 Treasury bills 9.1 16.2 16.0 18.8 22.3 26.0 30.2 29.7 36.9 36.8 13

 14 Other Treasury securities 31.4 27.5 33.0 34.2 34.9 36.2 38.8 40.1 41.6 43.3 14

 15 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.5 1.3 1.9 4.7 15

 16 Mortgage-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.5 1.3 1.9 4.7 17

 18 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Households (TALF) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Brokers and dealers (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Funding corporations (Maiden Lane III)(9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

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

 27 Corporate equities (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Miscellaneous assets 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 28

 29 Nonofficial foreign currencies (12) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Other 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 30

 31 Total liabilities 63.0 67.4 72.2 76.1 80.1 85.4 93.9 96.8 106.0 112.5 31

 32 Depository institution reserves 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 32

 33 Vault cash of depository institutions 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 33

 34 Checkable deposits and currency 38.8 41.2 44.1 45.6 48.9 52.0 56.5 60.4 65.0 71.9 34

 35 Due to federal government 1.4 1.6 2.5 1.4 2.0 1.6 2.5 2.2 2.9 3.3 35

 36 Treasury cash holdings 0.8 1.2 1.3 0.7 0.7 0.4 0.5 0.3 0.3 0.2 36

 37 Treasury general deposit account 0.7 0.4 1.1 0.7 1.3 1.2 2.0 1.9 2.5 3.1 37

 38 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Due to rest of the world 0.2 0.4 0.4 0.5 0.4 0.3 0.5 0.4 0.3 0.5 39

 40 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Currency outside banks 37.2 39.2 41.2 43.8 46.6 50.0 53.5 57.9 61.8 68.1 41

 42 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 43 Miscellaneous liabilities 0.8 1.0 1.0 1.4 1.8 2.2 2.1 2.1 3.3 3.2 43

 44 Federal Reserve Bank stock 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 44

 45 Other 0.3 0.4 0.4 0.8 1.1 1.5 1.3 1.3 2.5 2.3 45

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

(2) Shown on table L.203.

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

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

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
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70 Historical Annuals, 1965-1974, March 6, 2014

L.109 Private Depository Institutions (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 531.5 561.2 617.7 678.0 706.9 766.2 864.2 989.3 1110.4 1208.4 1

 2 Vault cash 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 2

 3 Reserves at Federal Reserve 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 3

 4 Credit market instruments 487.2 514.4 565.3 619.5 649.4 703.9 791.5 906.2 1027.8 1127.3 4

 5 Open market paper 2.0 1.9 2.9 2.9 3.5 4.9 5.4 5.5 5.0 6.4 5

 6 Treasury securities 72.1 68.6 76.3 78.4 67.0 72.6 75.4 77.3 67.0 61.9 6

 7 Agency- and GSE-backed securities 8.7 9.2 12.5 14.3 15.2 21.6 29.6 37.7 47.7 52.9 7

 8 Municipal securities 39.1 41.5 50.6 59.2 59.8 70.5 83.4 91.0 96.8 102.6 8

 9 Corporate and foreign bonds 4.1 4.5 7.5 9.1 9.1 12.9 18.7 22.7 19.9 20.8 9

 10 Depository institution loans n.e.c. 98.4 109.3 116.9 130.1 144.1 151.9 162.8 188.3 234.1 275.6 10

 11 Other loans and advances 3.4 3.6 4.3 4.4 5.5 7.1 7.9 6.9 8.9 18.5 11

 12 Mortgages 203.8 216.3 230.3 248.6 265.6 279.3 314.6 367.8 420.8 454.6 12

 13 Consumer credit 55.5 59.6 64.1 72.5 79.5 83.1 93.8 109.1 127.8 134.0 13

 14 Corporate equities 2.3 2.0 2.6 2.5 2.6 2.9 3.6 4.6 4.4 3.9 14

 15 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Security credit 9.3 9.9 11.3 12.7 11.5 13.0 13.8 18.6 15.2 14.1 16

 17 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Miscellaneous assets 9.3 9.6 11.5 14.4 14.0 15.2 20.1 25.6 25.3 25.6 18

 19 Total liabilities 500.5 528.3 582.2 639.6 670.3 733.9 833.0 960.8 1078.8 1179.8 19

 20 Net interbank liabilities 4.3 8.4 8.7 12.6 20.3 14.9 7.8 5.1 1.5 1.3 20

 21 Checkable deposits 150.3 152.4 164.8 178.4 183.2 192.8 206.4 226.5 239.8 239.8 21

 22 Small time and savings deposits 288.5 306.5 341.2 367.8 382.3 412.9 481.3 551.0 590.4 628.1 22

 23 Large time deposits 31.0 33.3 39.2 45.9 30.9 55.1 68.6 87.4 126.4 167.4 23

 24 Federal funds and security repos (net) 1.7 1.7 1.7 2.6 8.6 4.5 8.3 10.7 26.3 28.7 24

 25 Credit market instruments 11.0 12.3 10.7 12.0 16.8 19.9 18.9 19.1 28.3 44.8 25

 26 Open market paper 3.4 3.6 4.4 4.5 5.5 7.1 8.0 7.0 9.0 18.7 26

 27 Corporate bonds 1.6 1.7 2.0 2.2 2.0 2.1 3.0 4.1 4.1 4.3 27

 28 Other loans and advances 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 28

 29 Taxes payable (net) 0.8 0.7 0.6 0.6 0.7 1.1 1.1 0.9 1.0 1.2 29

 30 Miscellaneous liabilities 12.9 13.0 15.3 19.8 27.5 32.7 40.6 60.2 65.1 68.6 30

 31 Foreign direct investment in U.S. 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.8 31

 32 Investment by holding companies 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 22.5 28.5 32

 33 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Other 12.5 12.6 14.9 19.4 23.1 22.3 25.2 38.7 42.0 39.2 34

 Memo:

 35 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

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

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

 The leased automobile is a nonfinancial asset.
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Historical Annuals, 1965-1974, March 6, 2014 71

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 518.0 545.7 601.0 658.7 683.5 739.0 834.0 951.3 1064.2 1150.8 1

 2 Vault cash 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 2

 3 Reserves at Federal Reserve 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 3

 4 Credit market instruments 475.6 501.1 550.3 602.4 628.4 677.9 763.1 871.6 984.7 1071.8 4

 5 Open market paper 1.8 1.7 2.7 2.6 3.0 4.1 4.5 4.3 3.5 4.3 5

 6 Treasury securities 71.2 67.6 75.1 77.2 65.5 71.3 74.1 75.6 65.2 60.2 6

 7 Agency- and GSE-backed securities 8.7 9.1 12.3 13.9 14.7 20.8 28.6 35.8 45.4 50.2 7

 8 Residential mortgage pass-through securities 0.7 0.9 1.1 1.5 1.6 2.3 3.2 4.3 7.7 9.3 8

 9 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Other 8.0 8.2 11.2 12.4 13.1 18.5 25.3 31.5 37.7 40.9 12

 13 Municipal securities 39.0 41.3 50.2 58.8 59.5 70.0 83.0 90.6 96.2 101.8 13

 14 Corporate and foreign bonds 4.0 4.3 7.1 8.8 8.8 12.3 18.4 22.3 19.6 20.4 14

 15 Priv. residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Priv. residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Other 4.0 4.3 7.1 8.8 8.8 12.3 18.4 22.3 19.6 20.4 19

 20 Depository institution loans n.e.c. 97.1 107.7 115.1 128.0 140.8 146.1 156.5 179.4 221.2 256.6 20

 21 Other loans and advances 2.7 2.9 3.5 3.5 4.4 5.6 6.3 5.5 7.1 14.8 21

 22 Mortgages 202.0 214.4 228.4 246.8 263.9 277.7 312.8 365.9 418.3 451.5 22

 23 Consumer credit 49.1 52.2 55.8 62.7 67.8 70.1 79.0 92.1 108.1 112.1 23

 24 Corporate equities 2.3 2.0 2.5 2.4 2.5 2.8 3.5 4.5 4.2 3.7 24

 25 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Security credit 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 26

 27 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Miscellaneous assets 8.3 8.4 10.7 13.0 12.5 14.9 19.1 23.5 23.0 24.3 28

 29 Total liabilities 487.6 513.4 566.1 621.0 647.9 707.6 803.9 923.9 1033.6 1123.4 29

 30 Net interbank liabilities 5.0 8.7 9.5 13.2 19.9 16.0 9.0 5.0 -0.9 -5.4 30

 31 Federal Reserve float 2.2 2.5 2.5 3.5 3.4 4.3 4.3 4.0 3.1 2.0 31

 32 Borrowing from Federal Reserve banks 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 32

 33 To domestic banks 1.6 2.3 2.9 3.8 4.1 5.4 3.6 -1.4 -4.8 -5.0 33

 34 To foreign banks 1.1 3.8 3.9 5.7 12.2 6.1 1.0 0.5 -0.4 -2.7 34

 35 Checkable deposits 147.3 148.9 160.9 173.1 177.7 182.9 195.9 218.9 231.6 230.4 35

 36 Federal government 5.5 5.0 5.2 5.0 5.1 7.9 10.2 10.9 9.9 4.8 36

 37 Rest of the world 4.1 4.3 4.6 4.8 5.2 5.7 5.2 6.3 8.6 10.6 37

 38 Private domestic 137.7 139.6 151.1 163.2 167.5 169.2 180.5 201.7 213.1 214.9 38

 39 Small time and savings deposits 279.2 296.4 330.1 355.5 368.0 396.8 462.2 528.5 564.8 599.3 39

 40 Large time deposits 30.5 32.8 38.6 45.2 29.5 53.3 66.4 84.5 122.6 162.6 40

 41 Federal funds and security repos (net) 1.7 1.7 1.7 2.6 8.6 4.5 8.3 10.7 26.3 28.7 41

 42 Credit market instruments 10.3 11.5 9.8 11.1 15.7 18.5 17.3 17.7 26.5 41.0 42

 43 Open market paper 2.7 2.9 3.5 3.6 4.4 5.7 6.4 5.6 7.2 14.9 43

 44 Corporate bonds 1.6 1.7 2.0 2.2 2.0 2.1 3.0 4.1 4.1 4.3 44

 45 Other loans and advances 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 45

 46 Taxes payable (net) 0.8 0.7 0.6 0.6 0.7 1.1 1.1 0.9 1.0 1.2 46

 47 Miscellaneous liabilities 12.7 12.7 14.9 19.9 27.7 34.6 43.6 57.8 61.8 65.5 47

 48 Investment by holding companies 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 22.5 28.5 48

 49 Other 12.7 12.7 14.9 19.9 23.7 24.6 28.6 36.8 39.3 37.0 49

 Memo:

 50 Consumer leases not included above (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

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

 The leased automobile is a nonfinancial asset.
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72 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 4.3 4.9 5.1 6.0 6.9 9.0 9.7 14.4 18.8 27.3 1

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

 3 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 2.8 3.3 4.0 4.4 6.0 9.5 9.5 12.6 17.5 26.6 4

 5 Open market paper 0.2 0.2 0.3 0.3 0.5 0.9 0.9 1.2 1.4 2.1 5

 6 Treasury securities 0.5 0.5 0.6 0.6 0.6 0.5 0.3 0.5 0.4 0.5 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.5 0.6 7

 8 Municipal securities 0.1 0.1 0.2 0.2 0.2 0.4 0.2 0.1 0.2 0.2 8

 9 Corporate and foreign bonds 0.1 0.2 0.3 0.3 0.3 0.6 0.3 0.3 0.3 0.3 9

 10 Depository institution loans n.e.c. 1.2 1.6 1.7 2.1 3.3 5.8 6.3 8.8 12.8 19.1 10

 11 Other loans and advances 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 11

 12 Mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 12

 13 Corporate equities 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 13

 14 Security credit 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 14

 15 Miscellaneous assets 0.6 0.8 0.2 0.7 -0.0 -1.4 -0.8 0.5 0.6 -0.0 15

 16 Total liabilities 4.4 5.1 5.3 6.2 7.1 9.3 9.9 14.7 19.1 27.6 16

 17 Net interbank liabilities 2.2 2.6 2.3 2.4 3.0 2.1 3.2 5.3 7.6 12.2 17

 18 To foreign banks 2.7 2.9 3.3 3.7 4.7 4.4 4.8 6.3 4.5 6.5 18

 19 To domestic banks -0.5 -0.4 -1.0 -1.3 -1.7 -2.3 -1.6 -1.0 3.0 5.6 19

 20 Checkable deposits 1.7 1.8 2.0 3.1 3.1 7.3 7.4 4.2 4.5 5.7 20

 21 Small time and savings deposits 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.4 0.5 21

 22 Large time deposits 0.4 0.5 0.6 0.7 0.9 1.3 1.5 2.2 3.0 4.0 22

 23 Federal funds and security repos (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Open market paper (2) 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 24

 25 Miscellaneous liabilities -0.7 -0.6 -0.6 -1.0 -1.1 -2.9 -4.0 1.3 1.9 1.5 25

 26 Foreign direct investment in U.S. 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.8 26

 27 Investment by funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Other -1.0 -0.9 -0.9 -1.4 -1.5 -3.3 -4.4 0.8 1.3 0.7 28

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

(2) Bankers’ acceptances.
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Historical Annuals, 1965-1974, March 6, 2014 73

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 1.2 1.4 1.7 1.9 3.0 3.4 3.8 4.1 4.3 4.5 1

 2 Credit market instruments 0.6 0.7 0.9 1.0 1.2 1.3 1.6 1.9 2.0 2.5 2

 3 Treasury securities 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 0.6 0.3 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Municipal securities 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 5

 6 Corporate and foreign bonds 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 6

 7 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Home mortgages 0.3 0.3 0.4 0.4 0.4 0.6 0.7 0.7 0.7 0.8 8

 9 Commercial mortgages 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 9

 10 Miscellaneous assets 0.6 0.7 0.8 1.0 1.8 2.1 2.1 2.1 2.2 2.0 10

 11 Total liabilities 1.3 1.6 1.8 2.1 3.1 3.6 4.1 4.5 5.0 5.0 11

 12 Net interbank liabilities -0.1 -0.2 -0.2 -0.2 -0.3 -0.4 -0.5 -0.7 -1.0 -0.8 12

 13 Checkable deposits 1.3 1.6 1.9 2.2 2.3 2.6 3.0 3.3 3.7 3.7 13

 14 Small time and savings deposits 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 14

 15 Large time deposits 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 15

 16 Miscellaneous liabilities 0.1 0.1 0.2 0.2 0.1 0.2 0.3 0.5 0.7 0.5 16

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

L.113 Credit Unions

Billions of dollars

 1 Total financial assets 8.0 9.1 10.0 11.4 13.5 14.8 16.8 19.6 23.1 25.8 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 8.2 9.4 10.2 11.7 13.8 15.2 17.2 20.1 23.7 26.4 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 4

 5 Treasury securities 0.3 0.3 0.3 0.4 0.5 0.6 0.6 0.5 0.8 0.8 5

 6 Agency- and GSE-backed securities 0.0 0.1 0.2 0.4 0.5 0.8 1.0 1.6 1.8 2.1 6

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

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

 9 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Home mortgages 1.4 1.4 1.4 1.3 1.1 0.8 0.8 1.0 1.4 1.5 10

 11 Consumer credit 6.5 7.5 8.3 9.7 11.7 13.0 14.8 17.0 19.6 21.9 11

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

 13 Miscellaneous assets -0.2 -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.5 -0.6 -0.6 13

 14 Total liabilities 7.2 8.2 8.9 10.3 12.2 13.3 15.1 17.7 21.0 23.7 14

 15 Net interbank liabilities -2.8 -2.7 -2.9 -2.8 -2.3 -2.9 -3.9 -4.5 -4.1 -4.8 15

 16 Shares/deposits 9.2 10.1 11.1 12.3 13.7 15.5 18.4 21.6 24.5 27.5 16

 17 Checkable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 17

 18 Small time and savings 9.2 10.0 11.1 12.3 13.7 15.5 18.3 21.6 24.5 27.5 18

 19 Large time 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Federal funds and security repos (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

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

 22 Miscellaneous liabilities 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.7 1.0 22
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L.114 Property-Casualty Insurance Companies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 36.8 37.5 41.3 45.3 46.2 50.7 58.5 68.9 71.3 70.1 1

 2 Checkable deposits and currency 1.3 1.3 1.3 1.4 1.3 1.4 1.5 1.5 1.5 1.6 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 20.6 22.0 23.5 25.4 27.0 30.9 34.6 38.3 41.8 46.4 5

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

 7 Treasury securities 5.5 5.0 4.3 3.9 3.4 3.4 3.2 2.9 2.8 2.9 7

 8 Agency- and GSE-backed securities 0.6 1.3 1.2 1.4 1.6 1.6 1.9 2.3 2.3 2.7 8

 9 Municipal securities 11.3 12.0 13.5 14.4 15.5 17.0 20.5 24.8 28.5 30.7 9

 10 Corporate and foreign bonds 3.0 3.6 4.3 5.5 6.3 8.6 8.9 8.1 8.0 10.0 10

 11 Commercial mortgages 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 11

 12 Corporate equities 12.0 11.0 13.0 14.6 13.3 13.2 16.6 21.8 19.7 12.8 12

 13 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Trade receivables 2.6 2.9 3.2 3.5 3.9 4.4 4.7 5.8 6.5 7.0 14

 15 Miscellaneous assets 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.4 1.8 2.3 15

 16 Total liabilities 21.9 23.6 25.8 28.2 31.6 35.1 38.7 43.8 48.7 53.3 16

 17 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Taxes payable (net) 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 18

 19 Miscellaneous liabilities 21.8 23.6 25.7 28.2 31.5 34.9 38.6 43.5 48.4 53.0 19

L.115 Life Insurance Companies (1)

Billions of dollars

 1 Total financial assets 154.2 162.3 172.6 183.1 191.3 200.9 215.2 232.4 244.8 255.0 1

 2 Checkable deposits and currency 1.5 1.5 1.6 1.7 1.6 1.8 1.8 2.0 2.1 2.0 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 137.8 145.9 153.3 160.7 167.6 174.6 182.8 192.5 204.8 217.7 5

 6 Open market paper 0.3 0.4 0.5 0.5 1.4 2.1 2.8 3.0 3.0 4.1 6

 7 Treasury securities 5.1 4.9 4.7 4.5 4.1 4.0 3.8 3.8 3.4 3.4 7

 8 Agency- and GSE-backed securities 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.9 1.1 8

 9 Municipal securities 3.5 3.3 3.1 3.2 3.2 3.3 3.4 3.4 3.4 3.7 9

 10 Corporate and foreign bonds 61.0 63.4 67.2 70.9 72.7 74.1 79.6 86.6 92.5 96.4 10

 11 Other loans and advances 7.7 9.1 10.1 11.3 13.8 16.1 17.1 18.0 20.2 22.9 11

 12 Mortgages 60.0 64.6 67.5 70.0 72.0 74.4 75.5 76.9 81.4 86.2 12

 13 Corporate equities 9.0 8.7 10.7 13.0 13.2 14.6 20.0 26.5 25.4 21.3 13

 14 Mutual fund shares 0.1 0.1 0.2 0.2 0.6 0.8 0.6 0.3 0.5 0.6 14

 15 Miscellaneous assets 5.7 6.0 6.9 7.5 8.3 9.2 10.1 11.1 12.0 13.4 15

 16 Total liabilities 141.9 149.9 159.0 168.1 177.5 187.7 201.0 216.3 230.1 243.9 16

 17 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Life insurance reserves 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 19

 20 Pension entitlements (2) 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 20

 21 Taxes payable (net) 0.5 0.6 0.5 0.6 0.7 0.8 0.8 0.8 0.8 0.8 21

 22 Miscellaneous liabilities 15.2 16.4 18.2 19.7 21.1 22.6 24.5 27.1 29.6 32.2 22

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

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).
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L.116 Private and Public Pension Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets (2) 369.9 403.5 439.1 484.4 534.9 597.4 667.1 750.3 794.0 866.5 1

 2 Checkable deposits and currency 1.3 1.1 1.2 1.4 1.3 1.5 1.9 2.6 3.0 3.6 2

 3 Time and savings deposits 2.9 3.4 4.2 4.9 5.6 6.5 7.4 8.7 10.8 13.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security repurchase agreements 0.6 0.7 0.9 1.0 1.1 1.2 1.3 2.1 2.5 3.0 5

 6 Credit market instruments 60.3 66.8 71.0 75.5 80.1 86.2 87.9 98.0 109.9 125.0 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 3.1 5.4 7

 8 Treasury securities 9.7 9.4 8.2 8.3 7.6 7.2 6.0 7.0 7.9 10.1 8

 9 Agency- and GSE-backed securities 0.9 1.1 1.1 1.8 2.2 2.4 2.2 4.2 6.5 8.9 9

 10 Corporate and foreign bonds 39.9 45.4 50.3 53.6 58.2 64.5 67.6 73.8 81.2 89.5 10

 11 Mortgages 7.1 8.4 9.1 9.4 9.8 10.1 9.9 9.2 9.5 10.1 11

 12 Corporate equities 43.3 42.3 55.0 67.3 68.7 77.2 104.1 130.0 113.8 91.2 12

 13 Mutual fund shares 0.4 0.4 0.5 0.6 0.7 0.8 1.2 1.5 1.7 1.9 13

 14 Miscellaneous assets 261.1 288.7 306.3 333.8 377.4 424.0 463.4 507.4 552.4 628.3 14

 15 Claims of pension fund on sponsor (3) 235.9 261.1 276.2 301.3 342.5 385.7 421.1 454.9 494.1 562.7 15

 16 Other 4.3 5.4 6.4 7.2 8.0 8.9 9.7 16.4 20.1 24.7 16

 17 Pension entitlements (liabilities) (4) 370.5 404.2 439.9 485.4 535.9 598.5 668.5 752.1 796.5 869.8 17

 Memo:

 Funded status of defined benefit plans:

 18 Pension entitlements 353.1 385.8 418.1 460.5 510.1 566.8 630.7 703.2 746.5 818.4 18

 19 Funded by assets (5) 117.3 124.6 141.9 159.2 167.5 181.1 209.6 248.3 252.4 255.7 19

 20 Unfunded (line 15) 235.9 261.1 276.2 301.3 342.5 385.7 421.1 454.9 494.1 562.7 20

 21 Household retirement assets (6) ND ND ND ND ND ND ND ND ND ND 21

 22 Defined benefit plans (7) 352.5 385.1 417.3 459.6 509.1 565.7 629.3 701.3 744.1 815.2 22

 23 Defined contribution plans (8) 17.4 18.4 21.8 24.9 25.8 31.7 37.8 48.9 50.0 51.4 23

 24 Individual retirement plans (IRAs) (9) ND ND ND ND ND ND ND ND ND ND 24

 25 Annuities at life insurance companies (10) ND ND ND ND ND ND ND ND ND ND 25

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

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

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

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

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

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

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

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

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

(10) Annuities held in IRAs at life insurance companies are excluded. They are included in line 24.
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76 Historical Annuals, 1965-1974, March 6, 2014

L.117 Private Pension Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets (2) 105.3 115.5 129.1 144.5 163.2 184.8 204.5 231.9 249.5 270.8 1

 2 Checkable deposits and currency 0.9 0.8 0.9 1.0 1.0 1.1 1.3 1.8 2.5 3.4 2

 3 Time and savings deposits 2.9 3.4 4.0 4.7 5.4 6.3 7.3 8.5 10.0 12.0 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security repurchase agreements 0.6 0.7 0.9 1.0 1.1 1.2 1.3 2.1 2.5 3.0 5

 6 Credit market instruments 29.1 31.9 32.8 33.8 34.6 36.6 35.0 40.5 46.8 55.6 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 3.1 5.4 7

 8 Treasury securities 2.5 2.3 2.0 2.4 2.2 2.1 2.1 3.4 5.4 8.6 8

 9 Agency- and GSE-backed securities 0.5 0.4 0.3 0.4 0.6 0.9 0.6 2.1 3.2 4.3 9

 10 Corporate and foreign bonds 22.7 25.2 26.4 27.0 27.6 29.4 28.6 30.6 32.7 35.0 10

 11 Mortgages 3.4 3.9 4.1 4.1 4.2 4.2 3.7 2.7 2.4 2.4 11

 12 Corporate equities 40.8 39.5 51.1 61.5 61.4 67.1 88.7 107.8 93.6 74.8 12

 13 Mutual fund shares 0.4 0.4 0.5 0.6 0.7 0.8 1.2 1.5 1.7 1.9 13

 14 Miscellaneous assets 30.6 38.8 38.9 41.9 58.9 71.6 69.8 69.6 92.5 120.2 14

 15 Unallocated insurance contracts (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Contributions receivable 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 16

 17 Claims of pension fund on sponsor (4) ND ND ND ND ND ND ND ND ND ND 17

 18 Other 4.3 5.4 6.4 7.2 8.0 8.9 9.7 16.4 20.1 24.7 18

 19 Pension entitlements (liabilities) (5) 105.9 116.2 129.9 145.4 164.2 185.9 205.9 233.8 251.9 274.0 19

 Memo:

 Funded status of defined benefit plans:

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

 21 Funded by assets (6) 63.5 65.5 77.0 87.5 89.1 93.3 110.2 134.4 132.2 129.8 21

 22 Unfunded (line 17) ND ND ND ND ND ND ND ND ND ND 22

 Total financial assets (7)

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

 24 Defined contribution plans ND ND ND ND ND ND ND ND ND ND 24

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

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

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

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

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

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

(7) Additional detail on defined benefit plans and defined contribution plans is available on L.117.b and L.117.c.
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Historical Annuals, 1965-1974, March 6, 2014 77

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets (2) 66.5 74.5 79.8 91.6 104.3 112.4 134.2 160.1 155.3 174.7 1

 2 Checkable deposits and currency 0.3 0.4 0.3 0.4 0.3 0.4 0.5 0.8 0.5 0.3 2

 3 Time and savings deposits 0.0 0.0 0.2 0.2 0.2 0.2 0.1 0.2 0.8 1.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security repurchase agreements 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 31.3 34.9 38.3 41.6 45.5 49.6 52.9 57.4 63.1 69.4 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 7.2 7.1 6.2 5.9 5.4 5.1 3.9 3.6 2.5 1.6 8

 9 Agency- and GSE-backed securities 0.5 0.7 0.8 1.4 1.6 1.5 1.5 2.1 3.3 4.6 9

 10 Municipal securities 2.6 2.5 2.4 2.4 2.3 2.0 2.2 2.0 1.7 1.0 10

 11 Corporate and foreign bonds 17.2 20.2 23.9 26.6 30.6 35.1 39.0 43.2 48.4 54.5 11

 12 Mortgages 3.7 4.5 5.0 5.4 5.6 5.9 6.3 6.5 7.1 7.7 12

 13 Corporate equities 2.5 2.8 3.9 5.8 7.3 10.1 15.4 22.2 20.2 16.4 13

 14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Miscellaneous assets 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 15

 16 Claims of pension fund on sponsor (3) 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 16

 17 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Pension entitlements (liabilities) (4) 66.5 74.5 79.8 91.6 104.3 112.4 134.2 160.1 155.3 174.8 18

 Memo:

 Funded status of defined benefit plans:

 19 Pension entitlements 66.5 74.5 79.8 91.6 104.3 112.4 134.2 160.1 155.3 174.8 19

 20 Funded by assets (5) 34.1 38.1 42.6 48.0 53.2 60.3 69.0 80.6 84.7 87.7 20

 21 Unfunded (line 16) 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 21

(1) Defined benefit plans.

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

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

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

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

L.119 Federal Government Employee Retirement Funds

Billions of dollars

 1 Total financial assets (1) 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 7

 8 Nonmarketable Treasury securities (3) 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 8

 9 Claims of pension fund on sponsor (4) 178.4 192.6 208.0 224.7 242.3 272.7 298.0 324.9 353.8 382.8 9

 10 Pension entitlements (liabilities) (5) 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 10

 Memo:

 Funded status of defined benefit plans:

 11 Pension entitlements 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 11

 12 Funded by assets (6) 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 12

 13 Unfunded (line 9) 178.4 192.6 208.0 224.7 242.3 272.7 298.0 324.9 353.8 382.8 13

 Total financial assets

 14 Defined benefit plans (7) 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 14

 15 Defined contribution plans (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

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

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

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

 and foreign service retirement and disability fund.

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

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

 These liabilities are assets of the household sector.

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

(7) Includes the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, foreign service retirement and disability fund,

 and National Railroad Retirement Investment Trust.

(8) Thrift Savings Plan.
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78 Historical Annuals, 1965-1974, March 6, 2014

L.120 Money Market Mutual Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5

 6 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 7

 8 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 8

 9 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 9

 10 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 12

 13 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.121 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 1

 2 Security repurchase agreements 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 2

 3 Credit market instruments 3.9 5.1 4.3 4.1 5.1 5.7 5.5 6.0 6.6 7.4 3

 4 Open market paper 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 4

 5 Treasury securities 0.8 1.4 0.9 1.1 0.7 0.9 0.6 0.7 0.7 1.1 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

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

 8 Corporate and foreign bonds 2.6 2.9 2.6 2.0 2.9 3.5 3.7 4.2 4.3 4.9 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Corporate equities 30.9 28.9 39.2 46.1 40.9 39.7 48.6 51.7 38.3 26.3 10

 11 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Total shares outstanding (liabilities) 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.122 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Total financial assets 7.6 7.3 7.5 8.9 8.6 6.1 7.8 8.5 9.9 9.0 1

 2 Credit market instruments 2.1 2.0 2.2 2.6 2.6 1.8 2.4 2.7 3.3 3.0 2

 3 Treasury securities 0.5 0.5 0.5 0.6 0.6 0.5 0.6 0.7 0.8 0.7 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 1.5 1.5 1.7 2.0 2.0 1.4 1.8 2.0 2.5 2.3 5

 6 Corporate equities 5.6 5.3 5.4 6.3 6.0 4.3 5.4 5.7 6.6 5.9 6

 7 Total shares outstanding (liabilities) 7.6 7.3 7.5 8.9 8.6 6.1 7.8 8.5 9.9 9.0 7

 Exchange-traded funds

 8 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
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Historical Annuals, 1965-1974, March 6, 2014 79

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 18.9 23.9 23.9 27.1 36.3 46.6 47.3 51.3 70.0 88.2 1

 2 Checkable deposits and currency 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 2

 3 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Federal funds and security repos 0.0 0.0 0.0 0.0 0.2 1.0 0.4 0.8 3.0 2.1 4

 5 Credit market instruments 18.3 23.3 23.3 26.5 35.1 43.9 45.0 49.0 64.4 85.3 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.2 1.1 6

 7 Treasury securities 1.8 2.7 2.7 2.6 2.0 3.1 2.5 1.2 1.1 1.4 7

 8 Agency- and GSE-backed securities 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Other loans and advances 9.6 11.1 9.3 10.5 15.3 17.6 15.6 16.4 24.9 34.2 11

 12 Sallie Mae 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 3.6 4.2 4.9 5.2 6.0 7.0 7.7 8.4 9.8 12.4 13

 14 FHLB 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 14

 15 Mortgages 6.8 9.4 11.1 13.3 17.7 23.0 26.7 30.7 37.8 48.1 15

 16 Home 2.5 4.4 5.5 7.2 10.9 15.5 17.6 19.5 22.8 28.4 16

 17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Other 2.5 4.4 5.5 7.2 10.9 15.5 17.6 19.5 22.8 28.4 18

 19 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.3 1.1 2.1 4.0 6.2 19

 20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Other 0.0 0.0 0.0 0.0 0.0 0.3 1.1 2.1 4.0 6.2 21

 22 Farm 4.3 5.0 5.6 6.1 6.7 7.2 7.9 9.1 10.9 13.5 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 23

 24 Miscellaneous assets 0.4 0.4 0.4 0.4 0.8 1.5 1.7 1.4 2.3 0.5 24

 25 Total liabilities 18.1 23.1 23.0 26.2 35.4 45.4 46.0 49.9 68.4 86.0 25

 26 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Credit market instruments 14.2 19.0 18.4 21.9 30.6 38.9 40.0 43.5 59.8 77.1 27

 28 GSE issues (4) 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 28

 29 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Other 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 30

 31 U.S. government loans 0.3 0.1 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.7 31

 32 Miscellaneous liabilities 3.9 4.1 4.6 4.4 4.7 6.5 6.0 6.4 8.5 8.9 32

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.124) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.124 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 1

 2 Home mortgages 0.1 0.3 0.7 1.0 1.4 2.5 6.7 10.7 13.6 18.0 2

 3 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.4 0.6 0.8 3

 4 Commercial mortgages 0.1 0.2 0.3 0.4 0.4 0.5 0.6 0.9 1.1 0.0 4

 5 Farm mortgages 0.7 0.9 1.0 1.1 1.4 1.7 2.1 2.4 2.7 2.6 5

 6 Total pool securities (liabilities)(2) 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.123). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
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80 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

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

 10 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Total liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Corporate bonds (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 Memo:

 Securitized assets not included above

 14 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 REIT assets (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 Securitized liabilities not included above

 16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

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

 The leased automobile is a nonfinancial asset.

(5) Included in table L.127.

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

L.126 Finance Companies (1)

Billions of dollars

 1 Total financial assets 48.9 50.7 51.8 57.6 67.1 70.8 78.9 90.5 104.1 107.5 1

 2 Checkable deposits and currency 1.5 1.6 1.7 1.7 1.8 2.0 2.2 2.4 2.6 2.8 2

 3 Time and savings deposits 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 3

 4 Credit market instruments 42.7 44.9 45.5 50.6 59.2 61.5 67.6 77.5 89.4 94.8 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Other loans and advances 13.5 14.6 14.3 16.5 21.5 21.8 23.2 27.4 32.3 37.2 6

 7 Mortgages 4.5 3.9 4.3 4.9 5.7 7.5 10.0 12.2 14.5 13.1 7

 8 Consumer credit 24.7 26.4 26.9 29.2 32.0 32.1 34.4 38.0 42.6 44.6 8

 9 Miscellaneous assets 4.2 3.7 4.1 4.7 5.5 6.6 8.4 9.7 11.2 9.0 9

 10 Total liabilities 43.3 44.4 44.7 49.9 58.6 61.6 69.3 80.4 93.8 96.8 10

 11 Credit market instruments 35.3 39.7 42.1 46.4 54.6 58.2 61.0 68.7 78.1 85.1 11

 12 Open market paper 8.5 12.0 14.1 16.9 23.0 23.6 23.1 21.9 23.8 27.4 12

 13 Corporate bonds 15.1 16.6 17.3 17.7 18.8 19.6 22.0 26.0 29.9 35.5 13

 14 Depository institution loans n.e.c. 11.7 11.1 10.7 11.8 12.8 15.0 15.9 20.9 24.4 22.2 14

 15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Taxes payable 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 16

 17 Miscellaneous liabilities 7.7 4.5 2.4 3.3 3.8 3.2 8.0 11.4 15.5 11.4 17

 18 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 18

 19 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.6 3.0 3.6 3.3 19

 20 Other 7.6 4.4 2.4 3.2 3.8 3.1 7.4 8.4 11.8 8.1 20

 Memo:

 21 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

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

(2) See footnote (4), table L.125.
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L.127 Real Estate Investment Trusts (REITs) (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.8 2.0 3.9 6.4 11.7 16.6 16.4 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Mortgages 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 6

 7 Home 0.0 0.0 0.0 0.0 0.2 0.6 0.8 1.2 1.9 1.7 7

 8 Multifamily residential 0.0 0.0 0.0 0.1 0.5 1.3 2.2 4.2 6.6 6.8 8

 9 Commercial 0.0 0.0 0.0 0.7 1.3 2.0 3.2 5.0 7.5 7.7 9

 10 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.3 0.7 0.3 10

 11 Total liabilities 0.0 0.0 0.0 0.8 1.5 2.2 4.1 9.1 14.1 15.8 11

 12 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Credit market instruments 0.0 0.0 0.0 0.8 1.5 2.2 4.1 8.8 13.7 14.0 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.8 3.2 4.0 0.7 14

 15 Corporate bonds 0.0 0.0 0.0 0.0 0.1 0.6 1.0 1.4 1.9 2.1 15

 16 Depository institution loans n.e.c. 0.0 0.0 0.0 0.6 1.0 1.0 1.6 3.0 6.3 9.6 16

 17 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 17

 18 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.9 18

 Memo:

 19 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 20

 21 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on L.127.e and L.127.m.
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82 Historical Annuals, 1965-1974, March 6, 2014

L.128 Security Brokers and Dealers

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 10.3 11.3 14.7 18.5 15.4 16.2 17.6 22.9 20.3 18.2 1

 2 Checkable deposits and currency 0.7 0.8 1.0 1.5 1.4 1.1 1.1 1.1 0.9 0.8 2

 3 Credit market instruments 2.4 3.2 2.9 3.5 3.7 6.0 4.6 6.0 7.5 7.8 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.0 3.0 4

 5 Treasury securities 1.1 1.7 1.0 1.8 1.7 3.4 1.8 2.0 2.0 2.3 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Municipal securities 0.5 0.5 0.5 0.5 0.4 0.9 1.0 0.9 1.1 0.7 7

 8 Corporate and foreign bonds 0.9 1.0 1.4 1.2 1.6 1.7 1.8 2.0 2.4 1.8 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Corporate equities 1.2 1.3 1.7 1.5 1.9 2.0 2.1 2.4 2.8 2.2 10

 11 Security credit 6.0 6.0 9.2 12.0 8.5 7.2 9.8 13.5 9.1 7.6 11

 12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Total liabilities 10.1 11.0 14.2 17.7 14.6 15.5 16.7 21.7 18.1 15.3 13

 14 Security repurchase agreements (net) -3.2 -3.2 -3.8 -4.1 -4.0 -3.5 -3.7 -4.5 -4.3 -5.1 14

 15 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Trade payables 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.9 18

 19 Security credit 12.0 12.8 16.6 20.3 17.2 17.7 19.0 24.0 20.4 18.3 19

 20 Customer credit balances (HH) 2.7 2.9 5.3 7.7 5.7 4.7 5.2 5.4 5.2 4.2 20

 21 From U.S.-chartered depository institutions 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 21

 22 From foreign banking offices in U.S. 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 22

 23 Taxes payable 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.2 0.0 23

 24 Miscellaneous liabilities 0.9 0.9 0.8 0.8 0.7 0.6 0.6 1.3 1.0 1.2 24

 25 Foreign direct investment in U.S. 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.3 0.3 0.5 25

 26 Investment by parent companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 5.3 26

 27 Other 0.7 0.6 0.6 0.5 0.5 0.4 0.4 1.0 -2.5 -4.5 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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L.129 Holding Companies (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.0 8.7 14.7 18.9 27.6 43.0 49.3 1

 2 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 4

 5 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Other loans and advances 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 8

 9 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Miscellaneous assets 0.0 0.0 0.0 0.0 4.7 11.8 16.1 25.0 38.7 44.4 10

 11 Net trans. with depository subs. 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 22.5 28.5 11

 12 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Net trans. with life insurance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Net trans. with finance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.6 3.0 3.6 3.3 14

 15 Net trans. with broker and dealer subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 5.3 15

 16 Net trans. with foreign subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 3.5 16

 17 Other 0.0 0.0 0.0 0.0 0.7 1.8 0.5 1.1 6.9 3.9 17

 18 Total liabilities 0.0 0.0 0.0 0.0 4.7 5.0 7.7 9.3 14.5 16.6 18

 19 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Credit market instruments 0.0 0.0 0.0 0.0 4.3 3.4 4.2 6.8 10.0 15.2 20

 21 Commercial paper 0.0 0.0 0.0 0.0 4.3 2.3 2.0 2.6 4.9 8.3 21

 22 Corporate bonds 0.0 0.0 0.0 0.0 0.0 1.1 2.2 4.2 5.1 6.1 22

 23 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 23

 24 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.4 1.5 3.5 2.5 4.6 1.4 24

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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84 Historical Annuals, 1965-1974, March 6, 2014

L.130 Funding Corporations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 1

 2 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 4

 5 Open market paper 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Total liabilities 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 12

 13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 14

 15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Miscellaneous liabilities 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 18

 19 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Securities loaned (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Other (net) 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 22

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
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L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 1.6 1.6 2.8 4.8 5.1 4.3 3.8 5.2 5.5 7.0 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 2

 3 Rest of the world 1.6 1.6 2.8 4.8 5.1 3.4 2.1 2.7 2.7 4.2 3

 4 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 1.2 2.0 2.2 2.4 4

 5 Reserve position in IMF (net) 0.9 0.3 0.4 1.3 2.3 1.9 0.6 0.5 0.6 1.9 5

 6 Foreign currency holdings 0.8 1.3 2.3 3.5 2.8 0.6 0.3 0.2 0.0 0.0 6

 7 Total assets 15.7 14.9 14.8 15.7 17.0 15.4 14.0 15.6 17.1 18.7 7

 8 Federal government 1.4 0.9 1.3 3.3 4.7 3.6 2.2 2.6 2.9 4.3 8

 9 Monetary gold (2) 0.3 0.1 0.1 0.5 1.5 0.3 0.1 0.1 0.1 0.0 9

 10 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 1.2 2.0 2.2 2.4 10

 11 Reserve position in IMF (net) 0.9 0.4 0.5 1.3 2.4 2.0 0.7 0.5 0.6 1.9 11

 12 Foreign currency holdings 0.2 0.4 0.7 1.5 0.8 0.4 0.3 0.0 0.0 0.0 12

 13 Rest of the world: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 13

 14 Monetary authority 14.3 14.0 13.5 12.4 12.3 10.9 10.1 10.5 11.5 11.6 14

 15 Monetary gold (2) 13.7 13.2 12.0 10.4 10.4 10.7 10.1 10.4 11.6 11.7 15

 16 Reserve position in IMF (net) -0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

 17 Foreign currency holdings 0.6 0.9 1.6 2.1 2.0 0.3 0.0 0.2 0.0 0.0 17

 18 Discrepancy: monetary gold -14.1 -13.2 -12.1 -10.9 -11.9 -11.1 -10.2 -10.5 -11.7 -11.7 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

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

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 2

 Treasury currency:

 3 Liab: Federal government 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 3

 4 Asset: Monetary authority 5.4 6.2 6.6 6.8 6.8 7.1 7.6 8.3 8.7 9.3 4

 5 Discrepancy (seigniorage) -2.4 -2.2 -2.0 -1.7 -1.5 -1.6 -1.6 -1.7 -1.7 -1.9 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Nonfinancial corporate business 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 3

 4 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Discrepancy--unallocated assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5
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86 Historical Annuals, 1965-1974, March 6, 2014

L.203 Net Interbank Transactions

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 27.6 33.7 35.7 41.6 49.7 46.1 43.2 39.4 39.3 38.8 1

 2 Monetary authority 23.3 25.2 27.0 29.1 29.4 31.2 35.3 34.3 37.7 37.5 2

 3 U.S.-chartered depository institutions 5.0 8.7 9.5 13.2 19.9 16.0 9.0 5.0 -0.9 -5.4 3

 4 Foreign banking offices in U.S. 2.2 2.6 2.3 2.4 3.0 2.1 3.2 5.3 7.6 12.2 4

 5 Banks in U.S.-affiliated areas -0.1 -0.2 -0.2 -0.2 -0.3 -0.4 -0.5 -0.7 -1.0 -0.8 5

 6 Credit unions -2.8 -2.7 -2.9 -2.8 -2.3 -2.9 -3.9 -4.5 -4.1 -4.8 6

 7 Total assets 29.5 34.6 36.9 42.1 49.9 46.2 45.6 47.0 46.2 43.6 7

 8 Rest of the world 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 4.1 3.9 8

 9 Monetary authority 2.3 2.7 2.6 3.7 3.6 4.6 4.4 6.0 4.4 2.3 9

 10 U.S.-chartered depository institutions 23.3 25.2 27.0 29.1 29.4 31.2 35.3 34.3 37.7 37.5 10

 11 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 11

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

 13 Discrepancy -1.9 -0.9 -1.2 -0.5 -0.2 -0.2 -2.4 -7.7 -6.9 -4.9 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 14

 15 Asset: U.S.-chartered depository institutions 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 17

 18 Asset: U.S.-chartered depository institutions 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 18

 19 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 19

 20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions 2.3 2.7 2.6 3.7 3.6 4.6 4.4 6.0 4.4 2.3 21

 22 Asset: Monetary authority 2.3 2.7 2.6 3.7 3.6 4.6 4.4 6.0 4.4 2.3 22

 23 Federal Reserve float 2.2 2.5 2.5 3.5 3.4 4.3 4.3 4.0 3.1 2.0 23

 24 Loans to member banks 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 1.4 4.0 4.2 6.0 12.5 6.5 1.6 1.1 0.2 -1.3 25

 26 Due to foreign affiliates 1.4 4.0 4.2 6.0 13.2 7.2 2.3 2.1 1.9 4.5 26

 27 - Due from foreign affiliates 0.0 0.0 0.0 0.0 0.7 0.7 0.7 1.0 1.6 5.8 27

 28 Foreign banking offices in U.S. (net) 2.8 3.0 3.4 3.7 4.7 4.5 5.0 6.7 5.2 7.5 28

 29 Due to foreign affiliates 3.4 3.7 4.3 4.8 6.0 6.3 7.0 9.8 9.5 14.0 29

 30 - Due from foreign affiliates 0.7 0.8 0.9 1.1 1.3 1.8 2.0 3.0 4.3 6.5 30

 31 Less: Deposits at foreign banks 0.3 0.3 0.4 0.4 0.4 0.6 0.8 1.1 1.4 2.3 31

 32 U.S.-chartered depository institutions 0.3 0.3 0.3 0.3 0.4 0.5 0.6 0.6 0.7 1.3 32

 33 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.4 0.7 0.9 33

 34 Plus: Loans from foreign banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 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 35

 36 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 36

 37 Asset: Rest of the world (1) 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 4.1 3.9 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) 1.6 2.3 2.9 3.8 4.1 5.4 3.6 -1.4 -4.8 -5.0 38

 39 Due to (3): 1.7 2.5 3.1 4.1 4.7 6.4 6.6 5.0 9.8 16.9 39

 40 Foreign banking offices in U.S. 0.6 0.6 1.2 1.6 2.3 3.4 4.6 7.4 11.7 16.2 40

 41 Banks in U.S.-affiliated areas 0.1 0.2 0.2 0.2 0.3 0.4 0.5 0.7 1.0 0.8 41

 42 Credit unions 2.8 2.7 2.9 2.8 2.3 2.9 3.9 4.5 4.1 4.8 42

 43 - Due from: Foreign banking offices in U.S. 0.1 0.2 0.2 0.3 0.6 1.1 3.0 6.4 14.7 21.8 43

 44 Unallocated (2) -1.9 -0.9 -1.2 -0.5 -0.2 -0.2 -2.4 -7.7 -6.9 -4.9 44

(1) Sum of lines 25 and 28 less line 31 plus line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 44), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, 42, and 44.
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Historical Annuals, 1965-1974, March 6, 2014 87

L.204 Checkable Deposits and Currency

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 1

 2 Monetary authority 38.8 41.2 44.1 45.6 48.9 52.0 56.5 60.4 65.0 71.9 2

 3 Federal government cash and deposits 1.4 1.6 2.5 1.4 2.0 1.6 2.5 2.2 2.9 3.3 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign 0.2 0.4 0.4 0.5 0.4 0.3 0.5 0.4 0.3 0.5 5

 6 Currency outside banks 37.2 39.2 41.2 43.8 46.6 50.0 53.5 57.9 61.8 68.1 6

 7 U.S.-chartered depository institutions 147.3 148.9 160.9 173.1 177.7 182.9 195.9 218.9 231.6 230.4 7

 8 Federal government deposits 5.5 5.0 5.2 5.0 5.1 7.9 10.2 10.9 9.9 4.8 8

 9 Deposits due to foreign 4.1 4.3 4.6 4.8 5.2 5.7 5.2 6.3 8.6 10.6 9

 10 Private domestic deposits 137.7 139.6 151.1 163.2 167.5 169.2 180.5 201.7 213.1 214.9 10

 11 Foreign banking offices in U.S. 1.7 1.8 2.0 3.1 3.1 7.3 7.4 4.2 4.5 5.7 11

 12 Deposits due to foreign 0.3 0.3 0.3 0.5 0.6 0.6 0.8 1.6 2.3 2.8 12

 13 Private domestic deposits 1.3 1.5 1.6 2.6 2.5 6.7 6.6 2.7 2.2 2.8 13

 14 Banks in U.S.-affiliated areas 1.3 1.6 1.9 2.2 2.3 2.6 3.0 3.3 3.7 3.7 14

 15 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 15

 16 Total assets 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 16

 17 Household sector 91.6 93.5 103.8 112.7 110.9 118.6 132.1 144.4 152.5 157.4 17

 18 Nonfinancial business 51.5 50.9 53.4 56.3 62.0 63.1 61.7 64.4 70.4 71.9 18

 19 Corporate 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 19

 20 Noncorporate 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 20

 21 State and local governments 9.8 10.3 11.1 10.4 12.3 11.3 12.1 12.7 12.7 12.9 21

 22 Federal government 6.8 6.4 7.5 5.1 6.9 9.8 13.2 13.3 12.6 8.3 22

 23 Rest of the world 8.5 9.2 9.8 10.6 11.5 12.4 12.7 15.1 18.9 22.7 23

 24 Checkable deposits 4.6 5.0 5.3 5.9 6.2 6.7 6.5 8.3 11.2 14.0 24

 25 Currency 3.9 4.3 4.5 4.8 5.3 5.7 6.2 6.8 7.7 8.7 25

 26 Financial sectors 6.5 6.6 6.9 7.8 7.7 7.9 8.7 9.8 10.3 11.0 26

 27 Property-casualty insurance companies 1.3 1.3 1.3 1.4 1.3 1.4 1.5 1.5 1.5 1.6 27

 28 Life insurance companies 1.5 1.5 1.6 1.7 1.6 1.8 1.8 2.0 2.1 2.0 28

 29 Private pension funds 0.9 0.8 0.9 1.0 1.0 1.1 1.3 1.8 2.5 3.4 29

 30 State and local govt. retirement funds 0.3 0.4 0.3 0.4 0.3 0.4 0.5 0.8 0.5 0.3 30

 31 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Government-sponsored enterprises 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 32

 33 Finance companies 1.5 1.6 1.7 1.7 1.8 2.0 2.2 2.4 2.6 2.8 33

 34 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 Brokers and dealers 0.7 0.8 1.0 1.5 1.4 1.1 1.1 1.1 0.9 0.8 35

 36 Mail float 14.5 16.8 16.4 21.0 20.7 21.7 22.3 27.4 27.3 27.5 36
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88 Historical Annuals, 1965-1974, March 6, 2014

L.205 Time and Savings Deposits 

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 319.4 339.8 380.4 413.7 413.2 468.1 549.9 638.4 716.8 795.5 1

 2 Small time and savings deposits 288.5 306.5 341.2 367.8 382.3 412.9 481.3 551.0 590.4 628.1 2

 3 U.S.-chartered depository institutions 279.2 296.4 330.1 355.5 368.0 396.8 462.2 528.5 564.8 599.3 3

 4 Foreign banking offices in U.S. 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.4 0.5 4

 5 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 5

 6 Credit unions 9.2 10.0 11.1 12.3 13.7 15.5 18.3 21.6 24.5 27.5 6

 7 Large time deposits (1) 31.0 33.3 39.2 45.9 30.9 55.1 68.6 87.4 126.4 167.4 7

 8 U.S.-chartered depository institutions 30.5 32.8 38.6 45.2 29.5 53.3 66.4 84.5 122.6 162.6 8

 9 Foreign banking offices in U.S. 0.4 0.5 0.6 0.7 0.9 1.3 1.5 2.2 3.0 4.0 9

 10 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 10

 11 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Total assets 319.4 339.8 380.4 413.7 413.2 468.1 549.9 638.4 716.8 795.5 12

 13 Household sector 288.5 307.1 342.3 372.5 381.3 423.5 491.0 564.2 624.9 681.0 13

 14 Nonfinancial business 9.0 8.6 9.7 9.1 3.7 6.7 12.5 16.5 22.8 28.2 14

 15 Corporate 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 15

 16 Noncorporate 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 16

 17 State and local governments 12.2 13.5 15.7 18.9 13.1 23.0 30.2 37.0 43.6 48.5 17

 18 Federal government 0.3 0.2 0.3 0.4 0.2 0.5 0.5 0.6 0.4 0.5 18

 19 Rest of the world 6.1 6.4 7.7 7.4 8.8 7.1 7.5 10.6 13.4 21.1 19

 20 Financial sectors 3.4 4.0 4.7 5.5 6.2 7.2 8.2 9.5 11.7 16.0 20

 21 Private pension funds 2.9 3.4 4.0 4.7 5.4 6.3 7.3 8.5 10.0 12.0 21

 22 State and local govt. retirement funds 0.0 0.0 0.2 0.2 0.2 0.2 0.1 0.2 0.8 1.5 22

 23 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 23

 24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Finance companies 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 25

 26 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Total assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 2

 3 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11
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Historical Annuals, 1965-1974, March 6, 2014 89

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities -1.5 -1.5 -2.2 -1.6 4.6 1.0 4.7 6.2 22.0 23.6 1

 2 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Private depository institutions (net) 1.7 1.7 1.7 2.6 8.6 4.5 8.3 10.7 26.3 28.7 4

 5 U.S.-chartered depository institutions (net) 1.7 1.7 1.7 2.6 8.6 4.5 8.3 10.7 26.3 28.7 5

 6 Foreign banking offices in U.S. (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Brokers and dealers (net) -3.2 -3.2 -3.8 -4.1 -4.0 -3.5 -3.7 -4.5 -4.3 -5.1 12

 13 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Total assets 1.4 4.0 2.9 1.9 8.8 2.4 4.7 5.9 19.6 12.7 14

 15 Nonfinancial corporate business 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 15

 16 State and local governments -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 16

 17 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 17

 18 Monetary authority 0.4 0.8 0.3 0.0 0.0 0.0 1.5 0.1 0.1 1.4 18

 19 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Private pension funds 0.6 0.7 0.9 1.0 1.1 1.2 1.3 2.1 2.5 3.0 21

 22 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 22

 23 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 23

 24 Mutual funds 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 24

 25 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.2 1.0 0.4 0.8 3.0 2.1 25

 26 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Discrepancy--unallocated assets -2.9 -5.6 -5.1 -3.4 -4.2 -1.4 -0.0 0.3 2.4 10.8 28
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90 Historical Annuals, 1965-1974, March 6, 2014

L.208 Open Market Paper

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total outstanding, all types 12.7 17.3 21.4 25.6 38.1 40.2 40.1 41.7 50.1 67.8 1

 2 Commercial paper 9.3 13.6 17.1 21.2 32.6 33.1 32.1 34.7 41.1 49.1 2

 3 Nonfinancial corporate business 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 3

 4 Foreign issues in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 4

 5 Nonfinancial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 5

 6 Financial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Financial business 8.5 12.0 14.1 16.9 27.2 25.9 25.9 27.8 32.7 36.5 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Finance companies 8.5 12.0 14.1 16.9 23.0 23.6 23.1 21.9 23.8 27.4 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.8 3.2 4.0 0.7 11

 12 Holding companies 0.0 0.0 0.0 0.0 4.3 2.3 2.0 2.6 4.9 8.3 12

 13 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Bankers’ acceptances (1) 3.4 3.6 4.4 4.5 5.5 7.1 8.0 7.0 9.0 18.7 14

 15 U.S.-chartered depository institutions 2.7 2.9 3.5 3.6 4.4 5.7 6.4 5.6 7.2 14.9 15

 16 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 16

 17 Holdings, by sector 12.7 17.3 21.4 25.6 38.1 40.2 40.1 41.7 50.1 67.8 17

 18 Household sector 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 18

 19 Nonfinancial corporate business 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 19

 20 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Rest of the world 2.0 2.2 2.2 2.8 3.8 4.3 4.1 4.1 4.4 4.8 21

 22 Monetary authority 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.6 22

 23 U.S.-chartered depository institutions (1) 1.8 1.7 2.7 2.6 3.0 4.1 4.5 4.3 3.5 4.3 23

 24 Foreign banking offices in U.S. (1) 0.2 0.2 0.3 0.3 0.5 0.9 0.9 1.2 1.4 2.1 24

 25 Credit unions 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Life insurance companies 0.3 0.4 0.5 0.5 1.4 2.1 2.8 3.0 3.0 4.1 27

 28 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 3.1 5.4 28

 29 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 29

 30 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 30

 31 Mutual funds 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 31

 32 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.2 1.1 32

 33 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.0 3.0 33

 34 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 34

(1) Excludes banks’ holdings of own acceptances.
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Historical Annuals, 1965-1974, March 6, 2014 91

L.209 Treasury Securities

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 1

 2 U.S. savings securities (1) 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 2

 3 Treasury bills 60.2 70.6 69.9 75.0 80.6 87.9 97.5 103.9 107.8 119.7 3

 4 Other Treasury securities 147.1 138.5 147.1 150.7 144.5 149.9 164.0 168.6 168.6 165.7 4

 5 Total assets 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 5

 6 Household sector 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 6

 7 U.S. savings securities (1) 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 7

 8 Bills and other Treasury securities 25.1 28.8 27.8 29.9 41.4 31.0 19.8 19.7 28.1 32.9 8

 9 Nonfinancial corporate business 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 9

 10 Nonfinancial noncorporate business 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 10

 11 State and local governments 19.5 20.1 19.7 19.9 23.0 22.9 22.6 24.9 26.1 26.5 11

 12 Rest of the world 13.1 11.2 13.2 12.6 10.2 19.7 46.3 54.5 54.3 58.3 12

 13 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 33.0 31.8 31.9 35.2 13

 14 Other Treasury securities 13.1 11.2 13.2 12.6 10.2 19.7 13.3 22.6 22.4 23.1 14

 15 Monetary authority 40.5 43.7 49.0 52.9 57.2 62.1 69.0 69.8 78.5 80.1 15

 16 Treasury bills 9.1 16.2 16.0 18.8 22.3 26.0 30.2 29.7 36.9 36.8 16

 17 Other Treasury securities 31.4 27.5 33.0 34.2 34.9 36.2 38.8 40.1 41.6 43.3 17

 18 U.S.-chartered depository institutions 71.2 67.6 75.1 77.2 65.5 71.3 74.1 75.6 65.2 60.2 18

 19 Foreign banking offices in U.S. 0.5 0.5 0.6 0.6 0.6 0.5 0.3 0.5 0.4 0.5 19

 20 Banks in U.S.-affiliated areas 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 0.6 0.3 20

 21 Credit unions 0.3 0.3 0.3 0.4 0.5 0.6 0.6 0.5 0.8 0.8 21

 22 Property-casualty insurance companies 5.5 5.0 4.3 3.9 3.4 3.4 3.2 2.9 2.8 2.9 22

 23 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Other Treasury securities 5.5 5.0 4.3 3.9 3.4 3.4 3.2 2.9 2.8 2.9 24

 25 Life insurance companies 5.1 4.9 4.7 4.5 4.1 4.0 3.8 3.8 3.4 3.4 25

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

 27 Other Treasury securities 5.1 4.9 4.7 4.5 4.1 4.0 3.8 3.8 3.4 3.4 27

 28 Private pension funds 2.5 2.3 2.0 2.4 2.2 2.1 2.1 3.4 5.4 8.6 28

 29 State and local govt. retirement funds 7.2 7.1 6.2 5.9 5.4 5.1 3.9 3.6 2.5 1.6 29

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

 31 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 31

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

 33 Other Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 33

 34 Mutual funds 0.8 1.4 0.9 1.1 0.7 0.9 0.6 0.7 0.7 1.1 34

 35 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Other Treasury securities 0.8 1.4 0.9 1.1 0.7 0.9 0.6 0.7 0.7 1.1 36

 37 Closed-end funds 0.5 0.5 0.5 0.6 0.6 0.5 0.6 0.7 0.8 0.7 37

 38 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Government-sponsored enterprises 1.8 2.7 2.7 2.6 2.0 3.1 2.5 1.2 1.1 1.4 39

 40 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Brokers and dealers 1.1 1.7 1.0 1.8 1.7 3.4 1.8 2.0 2.0 2.3 41

 42 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 Memo:

 43 Federal government debt (2) 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 43

(1) Includes U.S. savings bonds, U.S. individual retirement bonds, U.S. retirement plan bonds, U.S. savings stamps, and matured U.S. savings securities.

(2) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
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92 Historical Annuals, 1965-1974, March 6, 2014

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 17.4 24.2 28.5 35.4 42.9 51.7 56.6 65.9 86.2 106.1 1

 2 Budget agencies 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 2

 3 Government-sponsored enterprises 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 3

 4 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 4

 5 Total assets 17.4 24.2 28.5 35.4 42.9 51.7 56.6 65.9 86.2 106.1 5

 6 Household sector 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 6

 7 Nonfinancial corporate business 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 7

 8 State and local governments 3.1 2.4 2.8 6.2 7.5 5.2 3.0 6.3 13.0 16.0 8

 9 Federal government 0.0 1.4 1.3 1.4 0.1 0.0 0.0 0.0 0.0 0.0 9

 10 Rest of the world 1.3 1.7 2.0 2.4 2.7 3.0 3.1 3.2 3.2 2.8 10

 11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.5 1.3 1.9 4.7 11

 12 U.S.-chartered depository institutions 8.7 9.1 12.3 13.9 14.7 20.8 28.6 35.8 45.4 50.2 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.5 0.6 13

 14 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Credit unions 0.0 0.1 0.2 0.4 0.5 0.8 1.0 1.6 1.8 2.1 15

 16 Property-casualty insurance companies 0.6 1.3 1.2 1.4 1.6 1.6 1.9 2.3 2.3 2.7 16

 17 Life insurance companies 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.9 1.1 17

 18 Private pension funds 0.5 0.4 0.3 0.4 0.6 0.9 0.6 2.1 3.2 4.3 18

 19 State and local govt. retirement funds 0.5 0.7 0.8 1.4 1.6 1.5 1.5 2.1 3.3 4.6 19

 20 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Government-sponsored enterprises 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 23

 24 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 41.
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Historical Annuals, 1965-1974, March 6, 2014 93

L.211 Municipal Securities and Loans

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 1

 2 State and local governments 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 2

 3 Short-term (1) 5.5 6.2 8.0 8.1 10.9 13.3 15.7 15.8 16.1 18.8 3

 4 Long-term 94.9 100.5 105.8 114.0 122.6 132.2 145.8 159.4 173.8 183.8 4

 5 Nonprofit organizations (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 5

 6 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 6

 (industrial revenue bonds)

 7 Total assets 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 7

 8 Household sector 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 8

 9 Nonfinancial corporate business 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 9

 10 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 State and local governments 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 11

 12 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 U.S.-chartered depository institutions 39.0 41.3 50.2 58.8 59.5 70.0 83.0 90.6 96.2 101.8 13

 14 Foreign banking offices in U.S. 0.1 0.1 0.2 0.2 0.2 0.4 0.2 0.1 0.2 0.2 14

 15 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 15

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

 17 Property-casualty insurance companies 11.3 12.0 13.5 14.4 15.5 17.0 20.5 24.8 28.5 30.7 17

 18 Life insurance companies 3.5 3.3 3.1 3.2 3.2 3.3 3.4 3.4 3.4 3.7 18

 19 State and local govt. retirement funds 2.6 2.5 2.4 2.4 2.3 2.0 2.2 2.0 1.7 1.0 19

 20 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

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

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

 24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Brokers and dealers 0.5 0.5 0.5 0.5 0.4 0.9 1.0 0.9 1.1 0.7 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
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94 Historical Annuals, 1965-1974, March 6, 2014

L.212 Corporate and Foreign Bonds

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 123.1 135.7 152.5 167.1 181.1 204.3 228.8 249.4 264.9 293.9 1

 2 Nonfinancial corporate business 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 2

 3 Rest of the world (1) 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 3

 4 Financial sectors 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 4

 5 U.S.-chartered depository institutions 1.6 1.7 2.0 2.2 2.0 2.1 3.0 4.1 4.1 4.3 5

 6 ABS issuers (net) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Finance companies 15.1 16.6 17.3 17.7 18.8 19.6 22.0 26.0 29.9 35.5 7

 8 REITs 0.0 0.0 0.0 0.0 0.1 0.6 1.0 1.4 1.9 2.1 8

 9 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Holding companies 0.0 0.0 0.0 0.0 0.0 1.1 2.2 4.2 5.1 6.1 10

 11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Total assets (3) 123.1 135.7 152.5 167.1 181.1 204.3 228.8 249.4 264.9 293.9 12

 13 Household sector 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 13

 14 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world (4) 1.0 2.2 2.5 4.9 6.4 7.9 9.4 11.4 12.7 13.7 16

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

 18 Other 1.0 2.2 2.5 4.9 6.4 7.9 9.4 11.4 12.7 13.7 18

 19 U.S.-chartered depository institutions 4.0 4.3 7.1 8.8 8.8 12.3 18.4 22.3 19.6 20.4 19

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

 21 Other 4.0 4.3 7.1 8.8 8.8 12.3 18.4 22.3 19.6 20.4 21

 22 Foreign banking offices in U.S. 0.1 0.2 0.3 0.3 0.3 0.6 0.3 0.3 0.3 0.3 22

 23 Banks in U.S.-affiliated areas 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 23

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

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

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

 27 Property-casualty insurance companies 3.0 3.6 4.3 5.5 6.3 8.6 8.9 8.1 8.0 10.0 27

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

 29 Other 3.0 3.6 4.3 5.5 6.3 8.6 8.9 8.1 8.0 10.0 29

 30 Life insurance companies 61.0 63.4 67.2 70.9 72.7 74.1 79.6 86.6 92.5 96.4 30

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

 32 Other 61.0 63.4 67.2 70.9 72.7 74.1 79.6 86.6 92.5 96.4 32

 33 Private pension funds 22.7 25.2 26.4 27.0 27.6 29.4 28.6 30.6 32.7 35.0 33

 34 State and local govt. retirement funds 17.2 20.2 23.9 26.6 30.6 35.1 39.0 43.2 48.4 54.5 34

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

 36 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Mutual funds 2.6 2.9 2.6 2.0 2.9 3.5 3.7 4.2 4.3 4.9 37

 38 Closed-end funds 1.5 1.5 1.7 2.0 2.0 1.4 1.8 2.0 2.5 2.3 38

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

 40 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

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

 43 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

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

 45 Brokers and dealers 0.9 1.0 1.4 1.2 1.6 1.7 1.8 2.0 2.4 1.8 45

 46 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

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

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

(2) Liabilities net of assets.

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

(4) Holdings of U.S. issues by foreign residents.
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Historical Annuals, 1965-1974, March 6, 2014 95

L.213 Corporate Equities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Issues at market value 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 1

 2 Nonfinancial corporate business 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 2

 3 Rest of the world (2) 5.0 4.3 5.2 6.5 7.0 6.6 7.6 10.5 10.0 9.0 3

 4 Financial corporations 106.1 108.2 117.6 146.5 128.6 122.5 143.5 160.1 118.9 65.9 4

 5 Holdings at market value 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 5

 6 Household sector 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Rest of the world (3) 14.6 12.6 25.5 29.5 26.8 27.2 30.8 39.1 33.5 23.9 9

 10 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 U.S.-chartered depository institutions 2.3 2.0 2.5 2.4 2.5 2.8 3.5 4.5 4.2 3.7 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 12

 13 Property-casualty insurance companies 12.0 11.0 13.0 14.6 13.3 13.2 16.6 21.8 19.7 12.8 13

 14 Life insurance companies 9.0 8.7 10.7 13.0 13.2 14.6 20.0 26.5 25.4 21.3 14

 15 Private pension funds 40.8 39.5 51.1 61.5 61.4 67.1 88.7 107.8 93.6 74.8 15

 16 State and local govt. retirement funds 2.5 2.8 3.9 5.8 7.3 10.1 15.4 22.2 20.2 16.4 16

 17 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Mutual funds 30.9 28.9 39.2 46.1 40.9 39.7 48.6 51.7 38.3 26.3 18

 19 Closed-end funds 5.6 5.3 5.4 6.3 6.0 4.3 5.4 5.7 6.6 5.9 19

 20 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Brokers and dealers 1.2 1.3 1.7 1.5 1.9 2.0 2.1 2.4 2.8 2.2 21

 22 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

(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.

L.214 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 1

 2 Holdings at market value 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 2

 3 Household sector 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 3

 4 Nonfinancial corporate business 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Life insurance companies 0.1 0.1 0.2 0.2 0.6 0.8 0.6 0.3 0.5 0.6 10

 11 Private pension funds 0.4 0.4 0.5 0.6 0.7 0.8 1.2 1.5 1.7 1.9 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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96 Historical Annuals, 1965-1974, March 6, 2014

L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 98.4 109.3 116.9 130.1 144.1 151.9 162.8 188.3 234.1 275.6 1

 2 Household sector 5.4 6.1 7.2 7.4 7.8 7.9 9.8 9.1 12.6 18.2 2

 3 Corporate business 60.1 68.8 74.6 84.9 94.6 99.9 103.6 117.7 132.7 153.9 3

 4 Noncorporate business 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 4

 5 Rest of the world 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 5

 6 Foreign official institutions 1.1 1.0 1.0 0.8 0.8 0.6 0.8 1.0 1.4 1.7 6

 7 Foreign banks 2.1 2.2 1.8 1.9 2.1 2.0 2.4 3.5 5.1 8.2 7

 8 Other foreign 3.9 3.8 3.9 3.6 3.2 3.2 4.1 5.9 6.5 7.8 8

 9 Financial sectors 11.7 11.1 10.7 12.4 13.8 16.0 17.6 23.9 30.7 32.6 9

 10 Finance companies 11.7 11.1 10.7 11.8 12.8 15.0 15.9 20.9 24.4 22.2 10

 11 REITs 0.0 0.0 0.0 0.6 1.0 1.0 1.6 3.0 6.3 9.6 11

 12 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 13

 14 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Total assets 98.4 109.3 116.9 130.1 144.1 151.9 162.8 188.3 234.1 275.6 15

 16 Monetary authority (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 U.S.-chartered depository institutions 97.1 107.7 115.1 128.0 140.8 146.1 156.5 179.4 221.2 256.6 17

 18 Foreign banking offices in U.S. 1.2 1.6 1.7 2.1 3.3 5.8 6.3 8.8 12.8 19.1 18

 19 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.108.
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Historical Annuals, 1965-1974, March 6, 2014 97

L.216 Other Loans and Advances

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total other loans and advances 65.9 72.9 76.1 84.3 105.0 113.1 116.7 123.9 146.6 177.4 1

 2 U.S. government loans 31.0 33.7 37.5 40.8 44.2 46.7 49.2 51.7 54.9 58.5 2

 3 Liab.: Household sector 1.6 2.1 2.4 3.2 3.6 3.9 4.2 4.6 5.0 5.5 3

 4 Nonfinancial corporate business 1.7 2.1 2.3 1.7 1.8 2.1 1.7 1.9 2.2 3.7 4

 5 Nonfinancial noncorporate business 5.9 6.1 6.6 6.9 7.2 7.7 8.1 8.2 9.7 10.3 5

 6 State and local governments 2.8 3.4 3.6 4.0 4.7 4.8 5.2 5.5 4.9 5.6 6

 7 Rest of the world 18.7 20.0 22.5 24.7 26.8 28.2 30.0 31.4 33.1 32.7 7

 8 Government-sponsored enterprises 0.3 0.1 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.7 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Foreign loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 11

 12 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 2.7 2.9 3.5 3.5 4.4 5.6 6.3 5.5 7.1 14.8 13

 14 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 14

 15 Liab.: Nonfinancial corporate business 0.9 1.1 1.3 1.6 2.3 3.1 3.6 3.7 4.7 7.2 15

 16 Rest of the world 2.5 2.5 3.0 2.9 3.2 4.0 4.3 3.2 4.2 11.2 16

 17 Holding company loans 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 17

 18 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 18

 19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Policy loans (Household liability) 8.3 9.8 10.8 12.1 14.7 17.0 18.0 19.0 21.2 23.9 20

 21 Asset: Federal government 0.7 0.7 0.8 0.8 0.9 1.0 1.0 1.0 1.0 1.0 21

 22 Life insurance companies 7.7 9.1 10.1 11.3 13.8 16.1 17.1 18.0 20.2 22.9 22

 23 Government-sponsored enterprise loans (1) 9.6 11.1 9.3 10.5 15.3 17.6 15.6 16.4 24.9 34.2 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 24

 25 Nonfinancial corporate business (FCS) 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.5 25

 26 Nonfinancial noncorporate business (FCS) 3.5 4.1 4.8 5.1 5.8 6.8 7.4 8.1 9.4 11.9 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 27

 28 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Finance company loans to business 13.5 14.6 14.3 16.5 21.5 21.8 23.2 27.4 32.3 37.2 32

 33 Liab.: Nonfinancial corporate business 12.2 13.1 12.8 14.8 19.3 19.6 20.8 24.6 29.1 33.4 33

 34 Nonfinancial noncorporate business 1.4 1.5 1.4 1.6 2.1 2.2 2.3 2.7 3.2 3.7 34

 35 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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98 Historical Annuals, 1965-1974, March 6, 2014

L.217 Total Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total mortgages 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 1

 2 Home 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 2

 3 Multifamily residential 38.2 41.3 44.8 48.3 53.2 60.1 70.1 82.9 93.2 100.0 3

 4 Commercial 55.7 61.5 66.2 73.0 79.1 86.5 97.0 114.2 133.7 148.3 4

 5 Farm 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 5

 6 Total liabilities 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 6

 7 Household sector 227.7 241.6 257.8 273.1 289.6 297.8 321.9 356.7 396.0 433.8 7

 8 Nonfinancial business 105.0 115.1 122.4 136.3 148.2 169.4 193.8 230.5 267.7 291.9 8

 9 Corporate 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 9

 10 Noncorporate 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 10

 11 Federal government 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 11

 12 REITs 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 12

 13 Total assets 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 13

 14 Household sector 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 14

 15 Nonfinancial corporate business 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 15

 16 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 16

 17 State and local governments 2.7 2.9 3.0 3.2 3.7 4.6 5.6 7.0 8.7 11.2 17

 18 Federal government 5.9 6.9 7.8 9.3 10.2 10.5 10.2 9.5 8.9 12.6 18

 19 U.S.-chartered depository institutions 202.0 214.4 228.4 246.8 263.9 277.7 312.8 365.9 418.3 451.5 19

 20 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 20

 21 Banks in U.S.-affiliated areas 0.4 0.4 0.5 0.5 0.7 0.8 0.9 0.9 1.0 1.5 21

 22 Credit unions 1.4 1.4 1.4 1.3 1.1 0.8 0.8 1.0 1.4 1.5 22

 23 Property-casualty insurance companies 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 23

 24 Life insurance companies 60.0 64.6 67.5 70.0 72.0 74.4 75.5 76.9 81.4 86.2 24

 25 Private pension funds 3.4 3.9 4.1 4.1 4.2 4.2 3.7 2.7 2.4 2.4 25

 26 State and local govt. retirement funds 3.7 4.5 5.0 5.4 5.6 5.9 6.3 6.5 7.1 7.7 26

 27 Government-sponsored enterprises (1) 6.8 9.4 11.1 13.3 17.7 23.0 26.7 30.7 37.8 48.1 27

 28 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 28

 29 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Finance companies 4.5 3.9 4.3 4.9 5.7 7.5 10.0 12.2 14.5 13.1 30

 31 REITs 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 31
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Historical Annuals, 1965-1974, March 6, 2014 99

L.218 Home Mortgages (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 1

 2 Household sector 219.4 232.7 245.9 262.8 278.6 285.9 309.4 343.5 382.2 419.3 2

 3 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 1.2 1.8 2.8 3.5 3.2 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 5.0 7.2 11.1 14.1 12.7 4

 5 Total assets 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 5

 6 Household sector 16.7 18.1 19.5 21.6 21.7 21.0 20.7 19.8 19.6 22.6 6

 7 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.9 1.0 0.9 8

 9 State and local governments 1.7 1.7 1.7 1.8 1.8 1.9 2.0 2.1 2.6 3.4 9

 10 Federal government 3.9 4.5 5.3 6.2 6.4 6.2 5.6 5.0 4.2 5.6 10

 11 U.S.-chartered depository institutions 156.0 164.3 173.7 185.7 197.6 205.8 227.4 262.7 298.5 320.9 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Banks in U.S.-affiliated areas 0.3 0.3 0.4 0.4 0.4 0.6 0.7 0.7 0.7 0.8 13

 14 Credit unions 1.4 1.4 1.4 1.3 1.1 0.8 0.8 1.0 1.4 1.5 14

 15 Life insurance companies 29.6 30.2 29.8 29.0 27.6 26.7 24.6 22.3 20.4 19.0 15

 16 Private pension funds 1.5 1.7 1.8 1.8 1.8 1.8 1.5 1.1 0.8 0.8 16

 17 State and local govt. retirement funds 2.0 2.3 2.6 2.7 2.8 2.9 3.0 3.0 3.2 3.2 17

 18 Government-sponsored enterprises 2.5 4.4 5.5 7.2 10.9 15.5 17.6 19.5 22.8 28.4 18

 19 Agency- and GSE-backed mortgage pools 0.1 0.3 0.7 1.0 1.4 2.5 6.7 10.7 13.6 18.0 19

 20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Finance companies 3.8 3.3 3.7 4.2 4.9 5.8 6.5 7.4 8.9 8.0 21

 22 REITs 0.0 0.0 0.0 0.0 0.2 0.6 0.8 1.2 1.9 1.7 22

 Memo:

 23 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 23

 24 U.S.-chartered depository institutions ND ND ND ND ND ND ND ND ND ND 24

 25 Foreign banking offices in U.S. ND ND ND ND ND ND ND ND ND ND 25

 26 Credit unions ND ND ND ND ND ND ND ND ND ND 26

 27 ABS issuers ND ND ND ND ND ND ND ND ND ND 27

 28 Finance companies ND ND ND ND ND 0.4 0.8 1.1 1.5 1.8 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

Billions of dollars

 1 Total liabilities 38.2 41.3 44.8 48.3 53.2 60.1 70.1 82.9 93.2 100.0 1

 2 Nonfinancial corporate business 1.8 2.0 2.2 2.3 2.6 2.9 3.4 4.1 4.6 4.9 2

 3 Nonfinancial noncorporate business 34.5 37.5 40.9 44.2 48.9 55.5 65.0 77.1 86.9 93.4 3

 4 Federal government 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 4

 5 REITs 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.4 0.5 0.5 5

 6 Total assets 38.2 41.3 44.8 48.3 53.2 60.1 70.1 82.9 93.2 100.0 6

 7 Household sector 8.5 8.4 8.4 8.3 7.9 7.9 6.5 6.8 5.8 5.7 7

 8 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.6 0.6 0.6 9

 10 State and local governments 0.8 0.9 1.0 1.2 1.6 2.2 2.9 3.9 4.8 6.1 10

 11 Federal government 1.0 1.3 1.6 1.9 2.6 3.1 3.5 3.8 4.1 4.8 11

 12 U.S.-chartered depository institutions 16.4 17.3 18.8 20.5 22.5 24.9 31.2 37.7 42.1 44.4 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Life insurance companies 8.8 10.3 11.7 12.8 14.2 16.0 16.7 17.3 18.5 19.6 14

 15 Private pension funds 1.0 1.1 1.2 1.2 1.2 1.2 0.9 0.6 0.5 0.5 15

 16 State and local govt. retirement funds 1.2 1.5 1.6 1.8 1.9 2.0 2.2 2.2 2.1 2.2 16

 17 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.3 1.1 2.1 4.0 6.2 17

 18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.4 0.6 0.8 18

 19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Finance companies 0.5 0.4 0.5 0.6 0.7 1.2 2.4 3.3 3.7 2.5 20

 21 REITs 0.0 0.0 0.0 0.1 0.5 1.3 2.2 4.2 6.6 6.8 21
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100 Historical Annuals, 1965-1974, March 6, 2014

L.220 Commercial Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 55.7 61.5 66.2 73.0 79.1 86.5 97.0 114.2 133.7 148.3 1

 2 Household sector 8.3 9.0 12.0 10.3 11.0 11.9 12.5 13.2 13.9 14.5 2

 3 Nonfinancial corporate business 31.4 34.7 33.9 38.8 39.3 54.1 58.1 65.5 94.6 93.1 3

 4 Nonfinancial noncorporate business 16.0 17.8 20.4 23.8 28.5 20.2 26.0 34.7 24.3 39.6 4

 5 REITs 0.0 0.0 0.0 0.1 0.3 0.4 0.5 0.8 1.0 1.1 5

 6 Total assets 55.7 61.5 66.2 73.0 79.1 86.5 97.0 114.2 133.7 148.3 6

 7 Household sector 10.1 10.5 10.4 9.9 9.8 10.8 8.6 9.3 8.3 7.2 7

 8 Nonfinancial corporate business 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.7 1.1 1.5 1.7 1.9 9

 10 State and local governments 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.7 0.9 1.2 10

 11 Federal government 0.1 0.1 0.2 0.3 0.4 0.4 0.5 0.3 0.2 1.6 11

 12 U.S.-chartered depository institutions 26.7 29.7 32.6 37.0 39.8 42.5 50.0 60.6 72.2 80.1 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 13

 14 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 14

 15 Property-casualty insurance companies 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 15

 16 Life insurance companies 16.8 18.8 20.5 22.4 24.4 26.0 28.5 31.6 36.5 41.3 16

 17 Private pension funds 0.9 1.1 1.1 1.1 1.2 1.2 1.3 1.1 1.1 1.1 17

 18 State and local govt. retirement funds 0.5 0.6 0.6 0.7 0.7 0.9 0.9 1.1 1.5 2.0 18

 19 Agency- and GSE-backed mortgage pools 0.1 0.2 0.3 0.4 0.4 0.5 0.6 0.9 1.1 0.0 19

 20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Finance companies 0.1 0.1 0.1 0.2 0.2 0.5 1.1 1.5 1.9 2.6 21

 22 REITs 0.0 0.0 0.0 0.7 1.3 2.0 3.2 5.0 7.5 7.7 22

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 1

 2 Nonfinancial corporate business 0.9 1.0 1.1 1.3 1.4 1.5 1.7 1.9 2.1 2.5 2

 3 Nonfinancial noncorporate business 20.3 22.0 23.9 25.9 27.6 28.9 30.7 33.5 37.7 42.4 3

 4 Total assets 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 4

 5 Household sector 7.3 7.6 8.2 9.1 9.8 10.2 11.4 12.3 13.5 15.0 5

 6 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 State and local governments 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 7

 8 Federal government 0.8 0.9 0.8 0.9 0.9 0.8 0.5 0.4 0.4 0.6 8

 9 U.S.-chartered depository institutions 3.0 3.2 3.4 3.7 3.9 4.5 4.3 4.8 5.5 6.1 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Life insurance companies 4.8 5.2 5.6 5.8 5.8 5.6 5.6 5.7 6.0 6.3 11

 12 State and local govt. retirement funds 0.1 0.1 0.2 0.2 0.3 0.2 0.2 0.2 0.3 0.2 12

 13 Government-sponsored enterprises 4.3 5.0 5.6 6.1 6.7 7.2 7.9 9.1 10.9 13.5 13

 14 Agency- and GSE-backed mortgage pools 0.7 0.9 1.0 1.1 1.4 1.7 2.1 2.4 2.7 2.6 14

(1) Excludes mortgages on farm houses.
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Historical Annuals, 1965-1974, March 6, 2014 101

L.222 Consumer Credit

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities (Households) 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 1

 2 Net change in assets 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 2

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

 4 Nonfinancial corporate business 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 4

 5 Nonfinancial noncorporate business 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 5

 6 Federal government (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 U.S.-chartered depository institutions 49.1 52.2 55.8 62.7 67.8 70.1 79.0 92.1 108.1 112.1 7

 8 Credit unions 6.5 7.5 8.3 9.7 11.7 13.0 14.8 17.0 19.6 21.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

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

 11 Finance companies 24.7 26.4 26.9 29.2 32.0 32.1 34.4 38.0 42.6 44.6 11

 Memo:

 12 Credit card loans (3) 0.0 0.0 0.0 2.1 3.7 5.1 8.5 9.7 11.7 13.7 12

 13 Auto loans 29.4 31.0 31.1 34.3 36.9 36.3 40.5 47.9 53.8 54.3 13

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

 15 Other consumer credit (5) 68.1 72.4 77.4 82.9 88.6 92.2 100.2 111.2 127.5 134.0 15

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

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

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

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

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

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

(5) Includes student loans before 2006:Q1.
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102 Historical Annuals, 1965-1974, March 6, 2014

L.223 Trade Credit

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total trade payables 132.5 143.6 152.9 170.2 193.8 203.8 220.4 248.8 306.5 255.0 1

 2 Household sector 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 2

 3 Nonfinancial corporate business 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 3

 4 Nonfinancial noncorporate business 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 4

 5 State and local governments 13.3 14.8 16.5 18.4 20.4 22.6 25.0 27.5 30.3 33.6 5

 6 Federal government 5.0 5.8 6.5 6.5 6.4 5.4 4.2 4.4 5.2 6.2 6

 7 Rest of the world 2.6 2.9 3.4 3.8 4.6 5.6 6.1 6.6 8.5 11.5 7

 8 Brokers and dealers 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.9 8

 9 Total trade receivables 143.3 158.9 170.8 191.2 218.1 227.0 240.1 269.9 316.8 296.8 9

 10 Nonfinancial corporate business 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 10

 11 Nonfinancial noncorporate business 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 11

 12 State and local governments 6.6 7.2 7.8 8.8 10.0 10.6 11.6 13.0 15.8 13.8 12

 13 Federal government 3.1 4.4 5.8 6.4 7.3 6.6 4.9 4.0 4.3 5.3 13

 14 Rest of the world 2.1 2.7 3.3 4.8 5.8 7.4 7.1 8.0 9.7 11.8 14

 15 Property-casualty insurance companies 2.6 2.9 3.2 3.5 3.9 4.4 4.7 5.8 6.5 7.0 15

 16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Discrepancy -10.8 -15.3 -17.8 -21.1 -24.3 -23.2 -19.7 -21.1 -10.3 -41.8 17

L.224 Security Credit

Billions of dollars

 1 Total liabilities 18.0 18.7 25.8 32.3 25.7 24.9 28.7 37.4 29.5 25.9 1

 2 Household sector 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 2

 3 Rest of the world 0.1 0.1 0.3 0.5 0.3 0.3 0.3 0.4 0.2 0.2 3

 4 Brokers and dealers 12.0 12.8 16.6 20.3 17.2 17.7 19.0 24.0 20.4 18.3 4

 5 Customer credit balances (HH) 2.7 2.9 5.3 7.7 5.7 4.7 5.2 5.4 5.2 4.2 5

 6 From U.S.-chartered depository institutions 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 6

 7 From foreign banking offices in U.S. 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 7

 8 Total assets 18.0 18.7 25.8 32.3 25.7 24.9 28.7 37.4 29.5 25.9 8

 9 Household sector 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 9

 10 Rest of the world 0.2 0.2 0.3 0.6 0.4 0.3 0.3 0.4 0.3 0.3 10

 11 U.S.-chartered depository institutions 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 11

 12 Foreign banking offices in U.S. 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 12

 13 Brokers and dealers 6.0 6.0 9.2 12.0 8.5 7.2 9.8 13.5 9.1 7.6 13
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Historical Annuals, 1965-1974, March 6, 2014 103

L.225 Life Insurance Reserves

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 1

 2 Federal government 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 2

 3 Life insurance companies 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 3

 4 Net change in assets 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 4

 5 Households 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 5

 6 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

L.226 Pension Entitlements

Billions of dollars

 1 Total liabilities 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 1

 2 Life insurance companies (1) 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 2

 3 Private pension funds (2) 105.9 116.2 129.9 145.4 164.2 185.9 205.9 233.8 251.9 274.0 3

 4 State and local govt. retirement funds 66.5 74.5 79.8 91.6 104.3 112.4 134.2 160.1 155.3 174.8 4

 5 Federal government retirement funds (3) 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 5

 6 Total assets (Households) (4) 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 6

(1) Annuities, including those in IRAs.

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

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

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

L.227 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 20.1 19.2 14.8 16.0 14.5 12.5 16.6 20.5 25.9 32.8 1

 2 Nonfinancial corporate business 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 3

 4 U.S.-chartered depository institutions 0.8 0.7 0.6 0.6 0.7 1.1 1.1 0.9 1.0 1.2 4

 5 Property-casualty insurance companies 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 5

 6 Life insurance companies 0.5 0.6 0.5 0.6 0.7 0.8 0.8 0.8 0.8 0.8 6

 7 Finance companies 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 7

 8 Brokers and dealers 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.2 0.0 8

 9 Total business taxes receivable 7.6 5.4 5.8 6.9 4.4 2.2 6.6 9.0 11.7 14.3 9

 10 State and local governments 0.9 0.9 1.0 1.2 1.2 1.3 2.5 4.3 5.9 7.6 10

 11 Federal government 6.8 4.5 4.8 5.7 3.3 0.9 4.1 4.7 5.8 6.8 11

 12 Discrepancy 12.5 13.8 8.9 9.1 10.1 10.3 9.9 11.5 14.2 18.4 12

L.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 937.5 1050.4 1

 2 Nonfinancial noncorporate business 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 936.6 1048.7 2

 3 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.7 3
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L.229 Total Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 371.3 396.9 427.5 468.1 517.1 571.4 642.8 728.9 794.2 869.8 1

 2 Household sector 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 2

 3 Nonfinancial corporate business 16.6 17.6 22.3 22.6 26.4 16.9 17.9 16.3 20.5 28.1 3

 4 Nonfinancial noncorporate business 0.2 0.2 0.2 0.2 0.3 8.9 11.8 14.5 17.9 23.6 4

 5 State and local governments 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 5

 6 Federal government 198.7 214.4 231.3 249.5 268.3 300.5 328.7 358.6 389.6 422.7 6

 7 Rest of the world 56.4 60.7 63.8 69.4 73.4 82.3 88.7 98.0 111.1 118.0 7

 8 Monetary authority 0.8 1.0 1.0 1.4 1.8 2.2 2.1 2.1 3.3 3.2 8

 9 U.S.-chartered depository institutions 12.7 12.7 14.9 19.9 27.7 34.6 43.6 57.8 61.8 65.5 9

 10 Foreign banking offices in U.S. -0.7 -0.6 -0.6 -1.0 -1.1 -2.9 -4.0 1.3 1.9 1.5 10

 11 Banks in U.S.-affiliated areas 0.1 0.1 0.2 0.2 0.1 0.2 0.3 0.5 0.7 0.5 11

 12 Credit unions 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.7 1.0 12

 13 Property-casualty insurance companies 21.8 23.6 25.7 28.2 31.5 34.9 38.6 43.5 48.4 53.0 13

 14 Life insurance companies 15.2 16.4 18.2 19.7 21.1 22.6 24.5 27.1 29.6 32.2 14

 15 Government-sponsored enterprises 3.9 4.1 4.6 4.4 4.7 6.5 6.0 6.4 8.5 8.9 15

 16 Finance companies 7.7 4.5 2.4 3.3 3.8 3.2 8.0 11.4 15.5 11.4 16

 17 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.9 17

 18 Brokers and dealers 0.9 0.9 0.8 0.8 0.7 0.6 0.6 1.3 1.0 1.2 18

 19 Holding companies 0.0 0.0 0.0 0.0 0.4 1.5 3.5 2.5 4.6 1.4 19

 20 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 20

 21 Total assets 386.0 418.8 449.6 493.6 556.1 629.7 706.6 810.8 883.9 1068.6 21

 22 Household sector 18.5 19.9 21.7 23.6 25.8 28.5 31.1 34.0 37.1 40.0 22

 23 Nonfinancial corporate business 64.7 68.3 75.5 84.2 94.9 106.9 124.0 156.1 180.8 243.0 23

 24 Nonfinancial noncorporate business 6.5 7.0 7.7 8.5 9.6 10.7 16.1 22.3 26.7 27.8 24

 25 State and local governments 0.3 0.5 0.5 0.4 0.3 0.2 0.3 0.2 0.2 0.1 25

 26 Federal government 5.4 5.8 5.7 5.4 5.5 5.8 5.8 6.0 6.9 7.0 26

 27 Rest of the world 8.9 8.0 8.6 9.5 8.0 7.7 7.4 8.2 -13.4 23.8 27

 28 Monetary authority 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 28

 29 U.S.-chartered depository institutions 8.3 8.4 10.7 13.0 12.5 14.9 19.1 23.5 23.0 24.3 29

 30 Foreign banking offices in U.S. 0.6 0.8 0.2 0.7 -0.0 -1.4 -0.8 0.5 0.6 -0.0 30

 31 Banks in U.S.-affiliated areas 0.6 0.7 0.8 1.0 1.8 2.1 2.1 2.1 2.2 2.0 31

 32 Credit unions -0.2 -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.5 -0.6 -0.6 32

 33 Property-casualty insurance companies 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.4 1.8 2.3 33

 34 Life insurance companies 5.7 6.0 6.9 7.5 8.3 9.2 10.1 11.1 12.0 13.4 34

 35 Private pension funds 30.6 38.8 38.9 41.9 58.9 71.6 69.8 69.6 92.5 120.2 35

 36 State and local govt. retirement funds 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 36

 37 Federal government retirement funds 198.1 213.6 230.3 248.3 267.4 300.2 328.4 358.3 389.3 421.0 37

 38 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 38

 39 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 Government-sponsored enterprises 0.4 0.4 0.4 0.4 0.8 1.5 1.7 1.4 2.3 0.5 40

 41 Finance companies 4.2 3.7 4.1 4.7 5.5 6.6 8.4 9.7 11.2 9.0 41

 42 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.3 0.7 0.3 42

 43 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

 44 Holding companies 0.0 0.0 0.0 0.0 4.7 11.8 16.1 25.0 38.7 44.4 44

 45 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

 46 Discrepancy -14.6 -21.9 -22.1 -25.5 -39.0 -58.4 -63.8 -81.9 -89.7 -198.8 46
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Historical Annuals, 1965-1974, March 6, 2014 105

L.230 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 55.4 59.0 65.6 73.7 83.1 94.3 103.9 125.5 126.2 135.3 1

 2 Asset: Nonfinancial corporate business 53.3 56.7 63.0 70.8 79.8 90.6 99.6 120.5 120.3 128.2 2

 3 U.S.-chartered depository institutions 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.3 1.6 2.0 3

 4 Property-casualty insurance companies 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.4 1.8 2.3 4

 5 Life insurance companies 0.3 0.4 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.7 5

 6 Finance companies 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 6

 7 Brokers and dealers 0.6 0.7 0.8 0.8 0.8 0.9 0.9 1.0 1.0 1.1 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 6.4 6.9 7.6 8.3 9.6 11.1 11.2 11.9 14.6 19.3 8

 9 Nonfinancial noncorporate business 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.6 9

 10 Foreign banking offices in U.S. 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.8 10

 11 Property-casualty insurance companies 0.7 0.6 0.7 0.7 0.7 0.7 0.8 0.9 1.0 0.7 11

 12 Life insurance companies 0.6 0.5 0.6 0.6 0.6 0.6 0.7 0.8 0.9 0.6 12

 13 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 13

 14 Brokers and dealers 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.3 0.3 0.5 14

 15 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Asset: Rest of the world 8.5 8.9 9.7 10.5 11.7 13.2 13.6 14.7 17.8 22.6 16

 Federal government equity in IBRD, etc.:

 17 Liab.: Rest of the world 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 17

 18 Asset: Federal government 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 18

 Federal Reserve Bank stock:

 19 Liab.: Monetary authority 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 19

 20 Asset: U.S.-chartered depository institutions 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 20

 Equity in government-sponsored enterprises:

 21 Liab.: Government-sponsored enterprises 2.0 2.3 2.4 2.2 2.4 2.4 2.5 2.7 3.3 4.0 21

 22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.1 0.1 0.2 0.2 0.3 0.0 0.0 0.0 0.1 0.1 22

 23 Nonfinancial noncorporate (FCS) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 23

 24 Federal government 0.2 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 U.S.-chartered depository institutions (FHLB) 1.3 1.4 1.4 1.4 1.5 1.6 1.6 1.8 2.1 2.6 25

 26 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 Holding company net transactions with subsidiaries:

 28 Liab.: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 22.5 28.5 28

 29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.6 3.0 3.6 3.3 31

 32 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 5.3 32

 33 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 3.5 33

 34 Asset: Holding companies 0.0 0.0 0.0 0.0 4.0 10.0 15.6 24.0 31.8 40.5 34

 NFC investment in finance company subsidiaries:

 35 Liab.: Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Asset: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 Funding corporations’ investment in subsidiaries:

 37 Liab.: 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 37

 38 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 Equity investment under Public-Private Inv. Program:

 40 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

 42 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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106 Historical Annuals, 1965-1974, March 6, 2014

L.231 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 1

 2 Asset: Federal government 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.4 0.1 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 1.0 1.0 1.4 1.4 1.0 2.3 1.8 1.5 1.7 2.4 6

 7 Asset: U.S.-chartered depository institutions 1.0 1.0 1.4 1.4 1.0 2.3 1.8 1.5 1.7 2.4 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 8

 9 Asset: Life insurance companies 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 10.0 10.8 11.9 12.9 14.0 15.3 16.6 18.1 19.8 21.5 10

 11 Accident and health 1.4 1.7 2.1 2.5 2.9 3.5 3.9 4.3 4.9 5.6 11

 12 Policy dividend accumulation 7.0 7.5 7.9 8.5 9.0 9.6 10.3 11.1 11.9 12.7 12

 13 Contract claims 1.6 1.7 1.8 1.9 2.1 2.2 2.5 2.7 3.0 3.2 13

 14 Asset: Household sector 10.0 10.8 11.9 12.9 14.0 15.3 16.6 18.1 19.8 21.5 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 21.1 22.9 25.0 27.5 30.8 34.2 37.8 42.6 47.4 52.3 15

 16 Asset: Household sector 8.2 8.9 9.7 10.7 11.8 13.2 14.5 15.9 17.3 18.5 16

 17 Nonfinancial corporate business 6.9 7.4 8.1 8.9 10.1 11.0 12.1 14.0 16.0 18.1 17

 18 Nonfinancial noncorporate business 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Pension fund contributions payable:

 21 Liab.: Nonfinancial corporate business 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 21

 22 Asset: Private pension funds 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 22

 Securities borrowed (net):

 23 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Asset: Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 Nonmarketable government securities:

 25 Liab.: Federal government 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 25

 26 Asset: Federal government retirement funds 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 26

 Retiree health care funds (2):

 27 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business ND ND ND ND ND ND ND ND ND ND 29

 30 State and local governments 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 30

 31 Federal government 178.4 192.6 208.0 224.7 242.3 272.7 298.0 324.9 353.8 382.8 31

 32 Asset: Private pension funds ND ND ND ND ND ND ND ND ND ND 32

 33 State and local govt. retirement funds 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 33

 34 Federal government retirement funds 178.4 192.6 208.0 224.7 242.3 272.7 298.0 324.9 353.8 382.8 34

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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Historical Annuals, 1965-1974, March 6, 2014 107

L.232 Unidentified Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 7.0 -1.4 1.6 3.0 -10.2 -27.2 -14.7 -4.0 -0.3 -27.4 1

 2 Nonfinancial corporate business -16.1 -22.8 -17.9 -20.4 -34.1 -57.0 -53.3 -48.8 -66.5 -86.6 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 8.6 11.5 14.2 17.4 23.0 3

 4 Federal government 0.2 0.7 1.0 1.2 0.9 0.3 0.3 0.3 0.3 1.7 4

 5 Rest of the world -4.2 -3.9 -7.2 -9.7 -15.2 -17.8 -21.1 -33.5 -24.5 -27.8 5

 6 Monetary authority 0.3 0.4 0.4 0.8 1.1 1.5 1.3 1.3 2.5 2.3 6

 7 U.S.-chartered depository institutions 12.7 12.7 14.9 19.9 23.7 24.6 28.6 36.8 39.3 37.0 7

 8 Foreign banking offices in U.S. -1.0 -0.9 -0.9 -1.4 -1.5 -3.3 -4.4 0.8 1.3 0.7 8

 9 Banks in U.S.-affiliated areas 0.1 0.1 0.2 0.2 0.1 0.2 0.3 0.5 0.7 0.5 9

 10 Credit unions 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.7 1.0 10

 11 Life insurance companies 4.6 5.0 5.7 6.2 6.5 6.7 7.2 8.2 8.9 10.1 11

 12 Government-sponsored enterprises 0.8 0.8 0.8 0.8 1.3 1.8 1.7 2.1 3.5 2.5 12

 13 Finance companies 7.6 4.4 2.4 3.2 3.8 3.1 7.4 8.4 11.8 8.1 13

 14 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.9 14

 15 Brokers and dealers 0.7 0.6 0.6 0.5 0.5 0.4 0.4 1.0 -2.5 -4.5 15

 16 Holding companies 0.0 0.0 0.0 0.0 0.4 1.5 3.5 2.5 4.6 1.4 16

 17 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 17

 18 Total assets 21.6 20.5 23.7 28.5 28.8 31.2 49.2 77.9 89.4 171.4 18

 19 Nonfinancial corporate business 4.4 4.0 4.2 4.3 4.8 5.2 12.3 21.7 44.5 96.6 19

 20 Nonfinancial noncorporate business 0.0 -0.0 0.0 0.0 0.0 0.0 4.0 8.6 11.4 10.8 20

 21 State and local governments 0.3 0.5 0.5 0.4 0.3 0.2 0.3 0.2 0.2 0.1 21

 22 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Rest of the world 0.3 -0.9 -1.1 -1.0 -3.7 -5.5 -6.2 -6.5 -31.3 1.2 23

 24 Monetary authority 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 24

 25 U.S.-chartered depository institutions 5.2 5.1 6.9 9.0 8.7 9.5 14.0 18.1 16.7 16.3 25

 26 Foreign banking offices in U.S. 0.6 0.8 0.2 0.7 -0.0 -1.4 -0.8 0.5 0.6 -0.0 26

 27 Banks in U.S.-affiliated areas 0.6 0.7 0.8 1.0 1.8 2.1 2.1 2.1 2.2 2.0 27

 28 Credit unions -0.2 -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.5 -0.6 -0.6 28

 29 Life insurance companies 2.1 1.9 2.5 2.7 3.2 3.5 4.1 4.5 4.9 5.6 29

 30 Private pension funds 4.3 5.4 6.4 7.2 8.0 8.9 9.7 16.4 20.1 24.7 30

 31 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 31

 32 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

 33 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 33

 34 Government-sponsored enterprises 0.4 0.4 0.4 0.4 0.8 1.5 1.7 1.4 2.3 0.5 34

 35 Finance companies 3.7 3.0 3.4 4.0 4.7 5.8 7.6 8.9 10.3 8.1 35

 36 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.3 0.7 0.3 36

 37 Brokers and dealers -0.6 -0.7 -0.8 -0.8 -0.8 -0.9 -0.9 -1.0 -1.0 -1.1 37

 38 Holding companies 0.0 0.0 0.0 0.0 0.7 1.8 0.5 1.1 6.9 3.9 38

 39 Discrepancy -14.6 -21.9 -22.1 -25.5 -39.0 -58.4 -63.8 -81.9 -89.7 -198.8 39
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B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Assets 3141.6 3264.3 3598.1 4013.9 4108.4 4327.8 4779.7 5420.3 5697.2 5865.9 1

 2 Nonfinancial assets 931.4 1006.5 1075.0 1201.5 1309.3 1391.5 1518.7 1715.3 1944.4 2065.8 2

 3 Real estate 696.3 748.9 794.2 889.6 968.7 1025.2 1127.7 1290.7 1472.6 1517.7 3

 4 Households (2,3) 605.6 649.0 685.7 768.2 832.4 874.5 957.2 1098.6 1251.4 1261.1 4

 5 Nonprofit organizations 90.7 100.0 108.5 121.4 136.2 150.7 170.5 192.1 221.2 256.6 5

 6 Equipment (nonprofits) (4) 5.3 5.8 6.3 6.9 7.6 8.4 9.1 10.6 12.6 16.5 6

 7 Intellectual property products (nonprofits) (4) 2.0 2.3 2.6 2.9 3.2 3.6 4.0 4.5 5.1 6.0 7

 8 Consumer durable goods (4) 227.9 249.5 271.9 302.1 329.7 354.3 377.9 409.5 454.0 525.7 8

 9 Financial assets 2210.1 2257.7 2523.1 2812.5 2799.2 2936.3 3261.0 3705.0 3752.9 3800.1 9

 10 Deposits 380.1 400.6 446.1 485.3 492.2 542.1 623.1 708.6 777.4 840.8 10

 11 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Checkable deposits and currency 91.6 93.5 103.8 112.7 110.9 118.6 132.1 144.4 152.5 157.4 12

 13 Time and savings deposits 288.5 307.1 342.3 372.5 381.3 423.5 491.0 564.2 624.9 681.0 13

 14 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 14

 15 Credit market instruments 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 15

 16 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 16

 17 Treasury securities 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 17

 18 Agency- and GSE-backed securities 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 18

 19 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 19

 20 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 20

 21 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Mortgages 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 22

 23 Consumer credit (student loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Corporate equities (2) 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 24

 25 Mutual fund shares (6) 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 25

 26 Security credit 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 26

 27 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 27

 28 Pension entitlements (7) 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 28

 29 Equity in noncorporate business (8) 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 937.5 1050.4 29

 30 Miscellaneous assets 18.5 19.9 21.7 23.6 25.8 28.5 31.1 34.0 37.1 40.0 30

 31 Liabilities 353.4 376.6 404.2 436.2 463.7 478.7 525.5 585.5 652.4 709.1 31

 32 Credit market instruments 340.6 363.1 386.8 415.2 445.0 460.3 503.2 558.2 628.2 684.5 32

 33 Home mortgages (9) 219.4 232.7 245.9 262.8 278.6 285.9 309.4 343.5 382.2 419.3 33

 34 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 34

 35 Municipal securities (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 35

 36 Depository institution loans n.e.c. 5.4 6.1 7.2 7.4 7.8 7.9 9.8 9.1 12.6 18.2 36

 37 Other loans and advances 10.0 11.9 13.3 15.3 18.3 20.9 22.3 23.6 26.2 29.4 37

 38 Commercial mortgages (10) 8.3 9.0 12.0 10.3 11.0 11.9 12.5 13.2 13.9 14.5 38

 39 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 39

 40 Trade payables (10) 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 40

 41 Deferred and unpaid life insurance premiums 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 41

 42 Net worth 2788.2 2887.7 3193.9 3577.8 3644.8 3849.1 4254.3 4834.8 5044.8 5156.8 42

 Memo:

 Replacement-cost value of structures:

 43 Residential 476.3 512.1 547.8 606.6 648.1 684.1 766.0 853.1 977.4 1104.5 43

 44 Households 461.8 496.1 530.7 587.5 627.4 662.2 741.2 825.2 945.5 1068.3 44

 45 Nonprofit organizations 14.5 16.0 17.1 19.1 20.7 21.9 24.7 27.9 31.9 36.2 45

 46 Nonresidential (nonprofits) 54.4 59.9 64.9 72.4 80.8 90.0 102.7 115.1 129.5 151.5 46

 47 Disposable personal income (SAAR) 513.2 554.2 592.8 643.7 695.8 761.5 830.4 899.9 1006.1 1098.3 47

 Household net worth as percentage of

 48 disposable personal income (SAAR) 543.3 521.1 538.8 555.8 523.9 505.4 512.3 537.2 501.4 469.5 48

 Owners’ equity in household real

 49 estate (11) 386.2 416.3 439.8 505.3 553.9 588.6 647.8 755.1 869.3 841.9 49

 Owners’ equity as percentage of

 50 household real estate (12) 63.8 64.1 64.1 65.8 66.5 67.3 67.7 68.7 69.5 66.8 50

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts.

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

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

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

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

(8) Net worth of nonfinancial noncorporate business (table B.103, line 33) and owners’ equity in unincorporated security brokers and dealers.

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

(10) Liabilities of nonprofit organizations.

(11) Line 4 less line 33.

(12) Line 49 divided by line 4.
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Historical Annuals, 1965-1974, March 6, 2014 109

B.102 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 1023.9 1109.7 1193.2 1308.0 1445.8 1566.3 1713.5 1896.7 2167.8 2558.7 1

 2 Nonfinancial assets 761.1 832.6 898.3 980.1 1083.6 1182.7 1288.3 1403.0 1596.0 1942.5 2

 3 Real estate (1) 424.0 454.0 483.2 524.9 580.4 638.0 707.0 775.7 883.3 1062.9 3

 4 Equipment (2) 182.3 204.3 225.3 249.8 276.4 303.7 325.1 350.3 388.7 479.3 4

 5 Intellectual property products (2) 37.3 41.4 46.5 52.2 58.9 64.9 69.1 74.6 83.1 94.6 5

 6 Inventories (2) 117.6 133.0 143.3 153.2 167.9 176.1 187.1 202.4 240.9 305.8 6

 7 Financial assets 262.7 277.1 294.9 328.0 362.2 383.6 425.2 493.7 571.8 616.2 7

 8 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 8

 9 Checkable deposits and currency 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 9

 10 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 10

 11 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Security repurchase agreements 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 12

 13 Commercial paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 13

 14 Treasury securities 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 14

 15 Agency- and GSE-backed securities 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 15

 16 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 16

 17 Mortgages 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 17

 18 Consumer credit 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 18

 19 Trade receivables 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 19

 20 Mutual fund shares (1) 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 20

 21 Miscellaneous assets 64.7 68.3 75.5 84.2 94.9 106.9 124.0 156.1 180.8 243.0 21

 22 Liabilities 336.9 371.1 399.1 448.2 502.9 542.3 588.2 652.8 764.6 769.2 22

 23 Credit market instruments 207.2 232.0 253.6 284.8 317.8 361.6 389.7 430.3 496.0 550.9 23

 24 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 24

 25 Municipal securities (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 25

 26 Corporate bonds (4) 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 26

 27 Depository institution loans n.e.c. 60.1 68.8 74.6 84.9 94.6 99.9 103.6 117.7 132.7 153.9 27

 28 Other loans and advances 14.9 16.4 16.6 18.3 27.6 28.0 29.2 33.1 40.8 50.1 28

 29 Mortgages 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 29

 30 Trade payables 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 30

 31 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 31

 32 Miscellaneous liabilities 16.6 17.6 22.3 22.6 26.4 16.9 17.9 16.3 20.5 28.1 32

 33 Net worth (market value) 687.0 738.7 794.0 859.8 942.9 1024.0 1125.3 1243.9 1403.1 1789.5 33

 Memo:

 Replacement-cost value of structures:

 34 Residential 8.4 9.6 10.5 11.5 12.3 12.9 14.6 16.5 18.9 21.5 34

 35 Nonresidential 305.3 325.7 348.7 380.6 417.3 459.4 509.7 553.2 629.5 771.3 35

 36 Market value of equities outstanding 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 36

 37 Debt/net worth (percent) (5) 30.2 31.4 31.9 33.1 33.7 35.3 34.6 34.6 35.4 30.8 37

 38 Debt/equities (percent) (6) 33.2 42.3 35.6 33.8 45.1 51.5 47.3 41.7 61.3 98.8 38

 39 Equities/net worth (percent) (7) 90.8 74.2 89.7 98.1 74.8 68.6 73.2 83.0 57.7 31.2 39

 With nonfinancial assets stated at historical cost:

 40 Assets (8) 816.9 886.9 952.6 1038.9 1141.2 1213.2 1304.5 1450.2 1632.3 1806.1 40

 41 Nonfinancial assets 554.2 609.8 657.8 710.9 779.0 829.6 879.3 956.6 1060.6 1190.0 41

 42 Real estate 230.7 248.0 265.0 282.4 304.4 325.4 346.7 371.9 402.5 436.1 42

 43 Equipment 162.5 180.9 197.5 215.9 236.7 255.3 272.9 295.1 325.3 359.5 43

 44 Intellectual property products 34.4 38.2 42.2 46.6 51.4 55.6 59.3 63.8 68.9 74.8 44

 45 Inventories 126.6 142.8 153.1 166.0 186.4 193.3 200.4 225.7 263.9 319.5 45

 46 Net worth (historical cost) (9) 480.1 515.9 553.5 590.6 638.3 671.0 716.3 797.4 867.7 1036.9 46

 Memo:

 Historical-cost value of structures:

 47 Residential 5.5 6.3 7.0 7.2 7.7 8.1 8.7 9.6 10.4 11.3 47

 48 Nonresidential 197.0 210.9 225.0 240.0 257.1 275.4 294.0 314.8 339.4 369.1 48

 49 Debt/net worth (percent) (10) 43.2 45.0 45.8 48.2 49.8 53.9 54.4 54.0 57.2 53.1 49

 (1) At market value.

 (2) At replacement (current) cost.

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

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

 (5) Line 23 divided by line 33.

 (6) Line 23 divided by line 36

 (7) Line 36 divided by line 33.

 (8) Sum of lines 7 and 41.

 (9) Line 40 less line 22.

 (10) Line 23 divided by line 46.
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110 Historical Annuals, 1965-1974, March 6, 2014

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Assets 593.2 635.2 670.1 724.0 774.9 820.8 913.8 1031.7 1212.6 1372.2 1

 2 Nonfinancial assets 556.6 597.5 631.1 685.2 734.1 778.1 861.3 969.2 1137.0 1291.9 2

 3 Real estate (1) 458.5 493.6 523.0 569.3 609.0 648.1 719.6 812.0 952.7 1092.7 3

 4 Residential 215.2 234.1 247.4 275.6 297.8 316.6 356.0 406.7 469.2 536.6 4

 5 Nonresidential 243.2 259.5 275.5 293.7 311.2 331.5 363.7 405.4 483.6 556.1 5

 6 Equipment (2) 52.3 56.7 60.5 64.7 69.8 75.5 80.2 84.9 94.3 114.3 6

 7 Residential (3) 2.7 2.8 3.0 3.4 3.8 4.2 4.6 5.2 5.9 7.3 7

 8 Nonresidential 49.6 53.9 57.5 61.3 66.1 71.3 75.6 79.6 88.4 107.0 8

 9 Intellectual property products (2) 6.2 6.4 6.7 7.0 7.4 7.8 7.9 7.9 8.0 8.5 9

 10 Inventories (2) 39.6 40.7 40.8 44.2 47.9 46.8 53.6 64.4 81.9 76.5 10

 11 Financial assets 36.7 37.7 39.0 38.8 40.8 42.7 52.5 62.5 75.6 80.3 11

 12 Checkable deposits and currency 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 12

 13 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 13

 14 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Credit market instruments 4.0 4.0 4.0 4.2 4.5 5.2 6.5 7.7 7.9 7.7 15

 16 Treasury securities 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 16

 17 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Mortgages 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 18

 19 Consumer credit 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 19

 20 Trade receivables 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 20

 21 Miscellaneous assets 6.5 7.0 7.7 8.5 9.6 10.7 16.1 22.3 26.7 27.8 21

 22 Insurance receivables 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 22

 23 Equity investment in GSEs (4) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 23

 24 Other 0.0 -0.0 0.0 0.0 0.0 0.0 4.0 8.6 11.4 10.8 24

 25 Liabilities 108.5 117.0 127.3 136.2 152.2 166.7 193.5 230.2 276.0 323.5 25

 26 Credit market instruments 95.6 105.3 115.6 126.6 141.9 148.6 171.2 202.6 230.1 267.2 26

 27 Depository institution loans n.e.c. 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 27

 28 Other loans and advances 10.7 11.6 12.8 13.6 15.1 16.6 17.8 19.0 22.3 25.9 28

 29 Mortgages 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 29

 30 Trade payables 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 30

 31 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 31

 32 Miscellaneous liabilities 0.2 0.2 0.2 0.2 0.3 8.9 11.8 14.5 17.9 23.6 32

 33 Net worth (5) 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 936.6 1048.7 33

 Memo:

 Replacement-cost value of structures:

 34 Residential 176.3 192.8 203.5 224.8 242.4 257.5 291.7 332.7 383.3 440.3 34

 35 Nonresidential 72.6 78.3 83.6 91.3 100.0 109.8 123.1 135.1 152.2 180.6 35

 36 Debt/net worth (percent) (6) 19.7 20.3 21.3 21.5 22.8 22.7 23.8 25.3 24.6 25.5 36

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Line 1 less line 25. Included in table B.100, line 31.

(6) Line 26 divided by line 33.
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Historical Annuals, 1965-1974, March 6, 2014 111

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Change in net worth (1) 198.6 99.5 306.2 383.9 67.0 204.3 405.2 580.5 210.0 112.0 1

 2 Net investment 82.3 96.2 98.9 104.0 111.9 129.5 143.6 158.6 196.5 166.3 2

 3 Net physical investment 36.4 36.4 34.2 42.0 42.0 34.5 49.1 64.7 74.1 54.6 3

 4 Capital expenditures 92.8 97.0 99.5 114.2 121.6 120.3 142.6 166.0 186.4 181.2 4

 5 - Consumption of fixed capital 56.5 60.6 65.3 72.2 79.6 85.8 93.5 101.3 112.3 126.6 5

 6 Net lending (+) or net borrowing (-) 46.0 59.7 64.7 62.0 69.9 95.1 94.5 93.9 122.5 111.7 6

 7 Net acquisition of financial assets 74.9 82.6 92.5 93.7 98.9 114.1 140.6 154.0 188.3 168.6 7

 8 - Net increase in liabilities 28.9 22.9 27.8 31.7 29.0 19.0 46.1 60.1 65.9 56.8 8

 Holding gains on assets

 9 at market value (2) 119.6 -2.3 202.4 269.3 -54.0 56.6 251.3 410.0 44.4 -110.3 9

 10 Real estate 13.5 33.7 26.9 76.1 58.1 36.1 75.2 127.3 142.6 14.3 10

 11 Corporate equities 82.5 -58.0 147.5 153.0 -130.8 -12.8 99.5 188.0 -223.8 -247.6 11

 12 Mutual fund shares 3.9 -2.8 8.2 4.4 -6.6 -2.1 8.2 4.8 -10.5 -10.5 12

 13 Equity in noncorporate business 24.3 31.2 24.3 42.4 35.3 31.6 64.7 86.6 142.4 140.4 13

 14 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Pension entitlements -4.5 -6.5 -4.4 -6.5 -10.0 3.9 3.7 3.3 -6.3 -6.8 15

 16 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Holding gains on assets

 17 at current cost (2) -3.4 4.0 6.6 9.6 8.5 10.7 4.1 5.8 13.2 52.8 17

 18 Consumer durable goods -3.5 3.8 6.4 9.3 8.2 10.3 3.8 5.5 12.5 50.2 18

 19 Equipment 0.0 0.2 0.1 0.2 0.2 0.3 0.2 0.1 0.4 2.0 19

 20 Intellectual property products 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.2 0.4 0.5 20

 21 Other volume changes (3) 0.1 1.6 -1.7 1.0 0.5 7.4 6.2 6.2 -44.2 3.2 21

 Memo:

 22 Net worth outstanding (4) 2788.2 2887.7 3193.9 3577.8 3644.8 3849.1 4254.3 4834.8 5044.8 5156.8 22

 23 Disposable personal income 513.2 554.2 592.8 643.7 695.8 761.5 830.4 899.9 1006.1 1098.3 23

(1) Sum of net investment (line 2), holding gains (lines 9 and 17), and other volume changes (line 21).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
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112 Historical Annuals, 1965-1974, March 6, 2014

R.102 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Change in net worth (1) 43.5 51.7 55.4 65.7 83.1 81.1 101.3 118.6 159.3 386.3 1

 2 Net investment 26.3 27.2 30.2 27.0 29.5 22.3 37.0 56.2 42.2 62.8 2

 3 Net physical investment 34.3 47.1 40.4 43.7 49.9 42.1 41.4 52.7 83.4 109.1 3

 4 Capital expenditures 68.9 84.3 82.3 88.2 97.5 94.8 101.6 116.3 142.0 162.2 4

 5 - Consumption of fixed capital 35.8 39.4 43.5 48.1 53.5 59.3 64.7 70.2 78.2 91.3 5

 6 - Inventory valuation adjustment -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 6

 7 Net lending (+) or net borrowing (-) -8.0 -21.1 -12.6 -16.6 -23.8 -25.5 -15.9 -7.4 -49.1 -50.4 7

 8 Net acquisition of financial assets 27.4 14.4 17.8 33.1 34.2 21.4 41.6 68.5 78.2 50.6 8

 9 - Net increase in liabilities 35.4 35.4 30.4 49.7 58.1 47.0 57.4 75.9 127.3 101.0 9

 10 Net corporate equity issues -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 10

 Holding gains on assets

 11 at market value (2) 11.7 15.7 15.2 27.8 37.5 41.2 53.2 50.1 84.2 156.0 11

 12 Real estate 11.7 15.8 15.1 27.8 37.6 41.3 53.1 50.0 84.4 156.3 12

 13 Mutual fund shares 0.0 -0.0 0.1 0.0 -0.2 -0.1 0.1 0.0 -0.2 -0.3 13

 Holding gains on assets less

 14 liabilities at current cost (2) 8.1 4.0 10.2 12.6 15.4 18.7 13.1 25.1 13.8 84.4 14

 15 Equipment 1.0 5.4 6.7 8.9 9.1 12.9 8.9 8.2 13.7 65.0 15

 16 Intellectual property products 0.7 0.7 1.6 2.0 2.9 3.1 2.1 2.6 5.6 8.6 16

 17 Inventories (3) 0.4 -0.1 0.2 -1.1 0.2 -1.0 -0.0 0.3 5.2 11.0 17

 18 Direct investment abroad 5.9 -1.8 1.8 2.8 3.4 3.7 1.9 13.9 -10.6 0.0 18

 19 - Foreign direct investment in U.S. -0.1 0.1 -0.0 -0.1 0.2 0.1 -0.2 -0.1 0.1 0.1 19

 20 Other volume changes (4) -2.6 4.7 -0.2 -1.6 0.8 -1.0 -2.0 -12.9 19.1 83.0 20

 Memo:

 21 Net worth outstanding (5) 687.0 738.7 794.0 859.8 942.9 1024.0 1125.3 1243.9 1403.1 1789.5 21

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 20).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.102, line 33.
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Historical Annuals, 1965-1974, March 6, 2014 113

R.103 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Change in net worth (1) 26.9 33.5 24.6 45.1 34.9 31.3 66.3 81.1 135.1 112.1 1

 2 Net capital transfers paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net investment 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.8 -28.2 3

 4 Net physical investment 10.9 9.7 9.2 11.7 13.6 12.4 18.5 21.6 25.9 14.5 4

 5 Capital expenditures 24.4 24.1 24.7 28.3 31.7 31.9 39.7 44.7 51.5 43.9 5

 6 - Consumption of fixed capital 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 6

 7 Net lending (+) or net borrowing (-) -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 7

 8 Net acquisition of financial assets 0.6 1.1 1.3 -0.2 2.0 1.9 9.8 10.0 9.1 4.7 8

 9 - Net increase in liabilities 11.6 10.7 10.5 11.5 15.6 14.3 28.3 31.6 35.0 19.3 9

 10 Proprietor’s net investment (2) 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.8 -28.2 10

 11 Holding gains on real estate (3) 19.9 27.8 22.8 37.4 28.4 27.4 56.1 73.4 120.9 124.9 11

 12 Residential 6.6 15.1 10.1 22.3 14.6 11.2 28.3 36.2 49.0 58.8 12

 13 Nonresidential 13.3 12.7 12.8 15.1 13.8 16.1 27.8 37.3 71.9 66.1 13

 14 Holding gains on assets at current cost (3) 4.4 3.4 1.5 5.0 6.9 4.2 8.7 13.2 21.2 15.5 14

 15 Residential equipment -0.1 -0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.1 0.7 15

 16 Nonresidential equipment 1.0 2.3 2.3 2.9 3.3 4.2 3.5 2.9 5.5 17.8 16

 17 Intellectual property products 0.2 0.2 0.4 0.3 0.4 0.4 0.2 0.2 0.3 0.6 17

 18 Inventories 3.3 0.9 -1.2 1.7 3.2 -0.5 5.0 10.1 15.3 -3.7 18

 19 Other volume changes (4) -0.0 0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.3 -15.9 -0.0 19

 Memo:

 20 Net worth outstanding (5) 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 936.6 1048.7 20

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 19).

(2) Shown on table F.103, line 30.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 33.
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114 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Assets 3141.6 3264.3 3598.1 4013.9 4108.4 4327.8 4779.7 5420.3 5697.2 5865.9 1

 2 Nonfinancial assets 931.4 1006.5 1075.0 1201.5 1309.3 1391.5 1518.7 1715.3 1944.4 2065.8 2

 3 Financial assets 2210.1 2257.7 2523.1 2812.5 2799.2 2936.3 3261.0 3705.0 3752.9 3800.1 3

 4 Deposits 380.1 400.6 446.1 485.3 492.2 542.1 623.1 708.6 777.4 840.8 4

 5 Credit market instruments 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 5

 6 Equity shares at market value 654.6 584.8 731.4 874.1 721.5 708.7 818.8 1006.6 761.1 493.7 6

 7 Directly held 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 7

 8 Indirectly held 38.5 36.5 49.3 58.8 54.2 58.5 75.1 85.2 67.2 48.7 8

 9 Life insurance companies 0.2 0.5 1.1 1.9 2.8 4.0 6.5 8.7 7.9 6.1 9

 10 Private pension funds (2) 8.2 7.9 10.2 12.3 12.3 16.8 22.2 27.0 23.4 18.7 10

 11 Federal govt. retirement funds (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Mutual funds 30.2 28.1 38.0 44.6 39.1 37.7 46.5 49.5 35.9 23.8 12

 13 Other 1005.4 1082.3 1150.5 1249.6 1344.0 1443.1 1585.9 1759.8 1959.7 2166.0 13

 14 Liabilities 353.4 376.6 404.2 436.2 463.7 478.7 525.5 585.5 652.4 709.1 14

 15 Net worth 2788.2 2887.7 3193.9 3577.8 3644.8 3849.1 4254.3 4834.8 5044.8 5156.8 15

 Memo:

 Equity shares (line 6) as a percent of

 16 Total assets (line 1) 20.8 17.9 20.3 21.8 17.6 16.4 17.1 18.6 13.4 8.4 16

 17 Financial assets (line 3) 29.6 25.9 29.0 31.1 25.8 24.1 25.1 27.2 20.3 13.0 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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Historical Annuals, 1965-1974, March 6, 2014 115

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Current receipts, NIPA basis 179.7 202.1 216.9 251.2 282.5 285.7 302.1 345.4 388.5 430.0 1

 2 Personal current taxes 57.7 66.4 73.0 87.0 104.5 103.1 101.7 123.6 132.4 151.0 2

 3 Taxes on production and imports 60.7 63.2 67.9 76.4 83.9 91.4 100.5 107.9 117.2 124.9 3

 4 Taxes on corporate income 30.9 33.7 32.7 39.4 39.7 34.4 37.7 41.9 49.3 51.8 4

 5 Taxes from the rest of the world 0.2 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.4 0.4 5

 6 Contributions for govt. social insurance 23.5 31.4 35.0 38.8 44.3 46.6 51.5 59.6 76.0 85.8 6

 7 Income receipts on assets 4.2 4.9 5.6 6.6 7.2 8.4 9.1 9.7 11.8 14.7 7

 8 Current transfer receipts 1.8 2.1 2.3 2.4 2.6 2.7 2.9 3.5 3.6 4.1 8

 9 Current surplus of government enterprises 0.7 0.3 0.2 0.3 0.0 -1.2 -1.7 -1.2 -2.2 -2.7 9

 10 Current expenditures, NIPA basis 181.0 203.9 231.7 260.7 283.5 317.5 352.4 385.9 416.6 468.3 10

 11 Consumption expenditures 117.0 132.8 150.4 167.5 180.9 194.4 210.8 227.6 240.7 267.0 11

 12 Government social benefits 34.4 38.0 46.3 53.9 59.6 72.5 86.2 95.8 109.8 129.9 12

 13 Other current transfer payments 3.6 4.0 4.0 4.5 4.5 4.8 6.0 7.2 5.4 6.0 13

 14 Interest payments 23.1 25.2 27.2 30.6 34.0 41.0 44.6 48.7 55.5 62.2 14

 15 Subsidies 3.0 3.9 3.8 4.2 4.5 4.8 4.7 6.6 5.2 3.3 15

 16 Net saving, NIPA basis -1.4 -1.8 -14.8 -9.5 -1.0 -31.8 -50.2 -40.5 -28.0 -38.3 16

 17 + Consumption of fixed capital 26.4 28.1 30.2 32.7 35.4 38.5 41.2 43.4 46.6 53.0 17

 18 - Insurance and pension fund reserves (1) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 18

 19 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 19

 20 - Net capital transfers (2) -3.5 -3.8 -3.9 -4.0 -4.5 -4.6 -5.6 -6.6 -6.4 -6.0 20

 21 = Gross saving less net capital transfers 28.2 29.7 18.9 27.0 38.6 10.9 -3.6 9.1 24.4 20.3 21

 22 Gross investment 30.0 32.4 20.2 24.7 34.3 8.4 -7.4 7.8 26.9 15.6 22

 23 Fixed investment 47.9 53.6 57.7 59.2 59.5 59.8 58.5 60.7 65.6 76.2 23

 24 Nonproduced nonfinancial assets 1.8 2.0 1.2 0.5 1.1 0.8 1.2 0.9 -1.5 -3.8 24

 25 Net lending (+) or net borrowing (-) -19.6 -23.2 -38.6 -35.0 -26.3 -52.3 -67.1 -53.9 -37.2 -56.7 25

 26 Net acquisition of financial assets 6.9 7.5 5.5 11.4 6.2 5.8 13.8 14.8 25.4 12.6 26

 27 U.S. official reserve assets 0.3 -0.3 0.6 1.9 1.6 -1.8 -1.6 0.5 -0.1 1.4 27

 28 Checkable deposits and currency -2.2 0.1 1.3 -3.0 3.5 2.5 4.3 -0.4 -1.7 -4.3 28

 29 Time and savings deposits 2.4 1.2 2.3 3.3 -6.0 10.2 7.3 6.8 6.4 5.0 29

 30 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Security repurchase agreements 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 31

 32 Credit market instruments 2.9 3.9 4.9 8.6 4.3 1.4 1.1 5.9 12.2 11.6 32

 33 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Agency- and GSE-backed securities (3) 0.2 0.6 0.3 3.5 0.1 -2.4 -2.2 3.3 6.6 3.1 34

 35 Municipal securities -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 35

 36 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Mortgages 0.2 1.2 1.0 1.6 1.4 1.2 0.7 0.7 1.1 5.2 37

 38 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 Other loans and advances (4) 2.6 2.1 3.6 3.4 2.7 2.5 2.8 2.2 4.2 2.9 39

 40 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

 42 Trade receivables 1.2 1.9 2.0 1.5 2.2 -0.2 -0.8 0.6 3.1 -1.0 42

 43 Taxes receivable 1.3 -1.4 -5.0 1.0 -3.2 -2.6 2.7 1.4 3.1 1.7 43

 44 Miscellaneous assets 0.1 0.5 -0.1 -0.3 -0.0 0.2 0.2 0.0 0.9 0.1 44

 45 Net increase in liabilities 26.5 30.7 44.1 46.4 32.5 58.1 80.8 68.7 62.6 69.3 45

 46 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 46

 47 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 47

 48 Treasury currency 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 48

 49 Credit market instruments 6.7 9.3 20.5 20.8 5.2 24.1 41.3 26.3 19.6 24.2 49

 50 Savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 50

 51 Treasury bills and other Treasury securities (4) -1.7 1.2 8.2 8.6 -3.8 12.8 24.0 8.6 2.7 8.7 51

 52 Budget agency securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 52

 53 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 53

 54 Multifamily residential mortgages 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 54

 55 Trade payables 2.0 2.3 2.3 1.9 1.9 1.1 1.4 2.8 3.8 2.8 55

 56 Insurance reserves 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 56

 57 Miscellaneous liabilities (5) 17.5 18.1 20.5 23.4 25.1 31.2 36.9 38.2 38.6 41.8 57

 58 Discrepancy -1.8 -2.6 -1.3 2.3 4.3 2.5 3.7 1.3 -2.5 4.6 58

 Memo:

 59 Net govt. saving less fixed investment (6) -49.2 -55.3 -72.4 -68.7 -60.5 -91.6 -108.8 -101.2 -93.7 -114.5 59

 60 Adjustment between NIPA and FOF (7) 29.6 32.1 33.8 33.7 34.2 39.3 41.7 47.3 56.5 57.8 60

 61 Items to be financed (8) -19.6 -23.2 -38.6 -35.0 -26.3 -52.3 -67.1 -53.9 -37.2 -56.7 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 17 less line 24.

(7) Line 18 less the sum of lines 19, 20, 21, 25, and 59.

(8) Line 60 plus line 61.
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116 Historical Annuals, 1965-1974, March 6, 2014

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 95.6 102.0 113.4 124.5 131.4 137.6 152.5 169.2 195.4 210.2 1

 2 U.S. official reserve assets 1.4 0.9 1.3 3.3 4.7 3.6 2.2 2.6 2.9 4.3 2

 3 Checkable deposits and currency 16.6 16.7 18.6 15.5 19.3 21.1 25.3 26.0 25.3 21.2 3

 4 Time and savings deposits 12.4 13.7 16.0 19.2 13.3 23.5 30.8 37.6 44.0 49.0 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security repurchase agreements -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 6

 7 Credit market instruments 42.8 46.7 51.6 59.8 64.0 65.5 65.9 71.8 83.7 96.4 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Agency- and GSE-backed securities (1) 3.1 3.7 4.0 7.6 7.6 5.2 3.0 6.3 13.0 16.0 9

 10 Municipal securities 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 10

 11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Mortgages 8.6 9.8 10.8 12.5 13.9 15.1 15.8 16.5 17.6 23.8 12

 13 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Other loans and advances (2) 28.9 31.1 34.6 37.6 40.3 42.8 44.9 47.1 51.0 53.9 14

 15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Trade receivables 9.7 11.6 13.7 15.2 17.3 17.2 16.4 17.0 20.1 19.1 17

 18 Taxes receivable 7.6 5.4 5.8 6.9 4.4 2.2 6.6 9.0 11.7 14.3 18

 19 Miscellaneous assets 5.8 6.3 6.1 5.8 5.8 6.0 6.2 6.2 7.1 7.1 19

 20 Total liabilities 602.0 634.2 675.4 723.0 756.7 816.8 902.1 976.8 1023.8 1102.4 20

 21 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 21

 22 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 22

 23 Treasury currency 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 23

 24 Credit market instruments 342.4 351.7 372.1 392.8 397.9 422.1 463.4 489.7 510.1 534.3 24

 25 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 25

 26 Treasury bills and other Treasury securities (3) 187.8 189.0 197.2 205.8 202.1 214.9 238.9 247.6 250.3 259.0 26

 27 Budget agency securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 27

 28 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 28

 29 Multifamily residential mortgages 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 29

 30 Trade payables 18.4 20.7 23.0 24.9 26.8 28.0 29.2 32.0 35.5 39.8 30

 31 Insurance reserves 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 31

 32 Miscellaneous liabilities (4) 231.1 250.7 268.4 293.1 319.4 352.6 393.9 438.1 460.2 509.9 32

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
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Historical Annuals, 1965-1974, March 6, 2014 117

F.115.g Life Insurance Companies: General Accounts

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 8.8 8.6 8.7 9.4 9.5 9.9 12.7 14.4 16.9 16.6 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.1 -0.0 0.1 0.0 0.2 0.1 -0.1 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 7.6 8.1 7.4 7.3 6.9 7.0 8.2 9.7 12.3 12.9 5

 6 Open market paper 0.0 0.1 0.1 0.0 0.8 0.8 0.6 0.2 0.0 1.1 6

 7 Treasury securities -0.5 -0.2 -0.2 -0.2 -0.3 -0.1 -0.2 -0.0 -0.4 -0.1 7

 8 Agency- and GSE-backed securities 0.0 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 8

 9 Municipal securities -0.2 -0.3 -0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.3 9

 10 Corporate and foreign bonds 2.8 2.4 3.8 3.7 1.7 1.5 5.5 7.0 5.9 4.0 10

 11 Other loans and advances 0.5 1.4 0.9 1.2 2.5 2.2 1.0 0.9 2.2 2.7 11

 12 Mortgages 4.9 4.6 2.9 2.5 2.1 2.3 1.1 1.5 4.4 4.9 12

 13 Corporate equities 0.7 0.2 1.0 1.3 1.3 1.6 4.0 3.8 3.3 1.9 13

 14 Mutual fund shares 0.0 0.0 0.0 0.0 0.4 0.4 -0.4 -0.3 0.2 0.4 14

 15 Miscellaneous assets 0.5 0.2 0.3 0.6 0.9 0.8 0.9 1.0 0.9 1.4 15

 16 Net increase in liabilities 7.9 8.0 8.1 8.7 9.6 9.7 12.8 13.8 15.5 15.6 16

 17 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Life insurance reserves 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 20

 21 Pension entitlements (1) 2.1 2.1 1.5 2.3 3.1 2.9 4.6 4.4 5.7 6.0 21

 22 Taxes payable (net) -0.0 0.1 -0.1 0.2 0.1 0.1 -0.0 0.0 0.0 -0.0 22

 23 Miscellaneous liabilities 1.2 1.2 1.6 1.5 1.4 1.5 1.9 2.6 2.5 2.6 23

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).

F.115.s Life Insurance Companies: Separate Accounts

Billions of dollars

 1 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

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

 5 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

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

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

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

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

 13 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Net increase in liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Pension entitlements (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
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118 Historical Annuals, 1965-1974, March 6, 2014

L.115.g Life Insurance Companies: General Accounts

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 154.2 162.3 172.6 183.1 191.3 200.9 215.2 232.4 244.8 255.0 1

 2 Checkable deposits and currency 1.5 1.5 1.6 1.7 1.6 1.8 1.8 2.0 2.1 2.0 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 137.8 145.9 153.3 160.7 167.6 174.6 182.8 192.5 204.8 217.7 5

 6 Open market paper 0.3 0.4 0.5 0.5 1.4 2.1 2.8 3.0 3.0 4.1 6

 7 Treasury securities 5.1 4.9 4.7 4.5 4.1 4.0 3.8 3.8 3.4 3.4 7

 8 Agency- and GSE-backed securities 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.9 1.1 8

 9 Municipal securities 3.5 3.3 3.1 3.2 3.2 3.3 3.4 3.4 3.4 3.7 9

 10 Corporate and foreign bonds 61.0 63.4 67.2 70.9 72.7 74.1 79.6 86.6 92.5 96.4 10

 11 Other loans and advances 7.7 9.1 10.1 11.3 13.8 16.1 17.1 18.0 20.2 22.9 11

 12 Mortgages 60.0 64.6 67.5 70.0 72.0 74.4 75.5 76.9 81.4 86.2 12

 13 Corporate equities 9.0 8.7 10.7 13.0 13.2 14.6 20.0 26.5 25.4 21.3 13

 14 Mutual fund shares 0.1 0.1 0.2 0.2 0.6 0.8 0.6 0.3 0.5 0.6 14

 15 Miscellaneous assets 5.7 6.0 6.9 7.5 8.3 9.2 10.1 11.1 12.0 13.4 15

 16 Total liabilities 141.9 149.9 159.0 168.1 177.5 187.7 201.0 216.3 230.1 243.9 16

 17 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Life insurance reserves 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 19

 20 Pension entitlements (1) 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 20

 21 Taxes payable (net) 0.5 0.6 0.5 0.6 0.7 0.8 0.8 0.8 0.8 0.8 21

 22 Miscellaneous liabilities 15.2 16.4 18.2 19.7 21.1 22.6 24.5 27.1 29.6 32.2 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).

L.115.s Life Insurance Companies: Separate Accounts

Billions of dollars

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

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

 5 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

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

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

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

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

 13 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Total liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Pension entitlements (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
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F.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets (1) ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security repurchase agreements ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

 10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

 11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

 12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

 13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

 14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

 15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

 16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

 17 Claims of pension fund on sponsor (3) ND ND ND ND ND ND ND ND ND ND 17

 18 Other ND ND ND ND ND ND ND ND ND ND 18

 19 Net increase in pension entitlements (liabilities) (4) ND ND ND ND ND ND ND ND ND ND 19

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

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

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

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

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

Billions of dollars

 1 Net acquisition of financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security repurchase agreements ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

 10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

 11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

 12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

 13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

 14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

 15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

 16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

 17 Other ND ND ND ND ND ND ND ND ND ND 17

 18 Net increase in pension entitlements (liabilities) ND ND ND ND ND ND ND ND ND ND 18

(1) Includes 401(k) type plans.

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

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

Billions of dollars

 1 Total held at: ND ND ND ND ND ND ND ND ND ND 1

 2 U.S.-chartered depository institutions ND ND ND ND ND ND ND ND ND ND 2

 3 Credit unions ND ND ND ND ND ND ND ND ND ND 3

 4 Life insurance companies ND ND ND ND ND ND ND ND ND ND 4

 5 Money market mutual funds ND ND ND ND ND ND ND ND ND ND 5

 6 Mutual funds ND ND ND ND ND ND ND ND ND ND 6

 7 Other self-directed accounts ND ND ND ND ND ND ND ND ND 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

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets (1) ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security repurchase agreements ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

 10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

 11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

 12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

 13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

 14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

 15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

 16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

 17 Claims of pension fund on sponsor (3) ND ND ND ND ND ND ND ND ND ND 17

 18 Other ND ND ND ND ND ND ND ND ND ND 18

 19 Pension entitlements (liabilities) (4) ND ND ND ND ND ND ND ND ND ND 19

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

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

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

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

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

Billions of dollars

 1 Total financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security repurchase agreements ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

 10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

 11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

 12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

 13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

 14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

 15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

 16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

 17 Other ND ND ND ND ND ND ND ND ND ND 17

 18 Pension entitlements (liabilities) ND ND ND ND ND ND ND ND ND ND 18

(1) Includes 401(k) type plans.

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

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

Billions of dollars

 1 Total held at: ND ND ND ND ND ND ND ND ND ND 1

 2 U.S.-chartered depository institutions ND ND ND ND ND ND ND ND ND ND 2

 3 Credit unions ND ND ND ND ND ND ND ND ND ND 3

 4 Life insurance companies ND ND ND ND ND ND ND ND ND ND 4

 5 Money market mutual funds ND ND ND ND ND ND ND ND ND ND 5

 6 Mutual funds ND ND ND ND ND ND ND ND ND ND 6

 7 Other self-directed accounts ND ND ND ND ND ND ND ND ND 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

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 0.0 0.0 0.0 0.7 1.1 1.8 2.3 4.8 4.4 -0.4 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.5 0.5 0.7 1.1 1.8 2.5 0.2 3

 4 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages 0.0 0.0 0.0 0.5 0.5 0.7 1.1 1.8 2.5 0.2 5

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

 7 Multifamily residential 0.0 0.0 0.0 0.0 0.2 0.3 0.3 0.7 0.9 0.1 7

 8 Commercial 0.0 0.0 0.0 0.5 0.4 0.5 0.8 1.1 1.6 0.1 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.3 0.6 1.1 1.2 2.9 1.9 -0.6 9

 10 Net increase in liabilities 0.0 0.0 0.0 0.7 0.6 0.6 1.7 4.4 4.5 1.5 10

 11 Credit market instruments 0.0 0.0 0.0 0.7 0.7 0.6 1.0 2.0 3.9 3.3 11

 12 Corporate bonds 0.0 0.0 0.0 0.0 0.1 0.4 0.3 0.3 0.4 0.1 12

 13 Depository institution loans n.e.c. 0.0 0.0 0.0 0.5 0.4 0.1 0.6 1.2 3.1 3.0 13

 14 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 14

 15 Multifamily residential 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.2 0.1 0.0 15

 16 Commercial 0.0 0.0 0.0 0.1 0.2 0.1 0.1 0.3 0.2 0.1 16

 17 Miscellaneous liabilities 0.0 0.0 0.0 -0.0 -0.0 0.0 0.7 2.4 0.6 -1.8 17

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

Billions of dollars

 1 Net acquisition of financial assets 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.5 0.6 0.2 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.3 0.7 1.2 1.2 2.4 3.1 0.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Mortgages 0.0 0.0 0.0 0.3 0.7 1.2 1.2 2.4 3.1 0.0 6

 7 Home 0.0 0.0 0.0 0.0 0.2 0.4 0.2 0.4 0.7 -0.2 7

 8 Multifamily residential 0.0 0.0 0.0 0.0 0.3 0.5 0.6 1.3 1.5 0.1 8

 9 Commercial 0.0 0.0 0.0 0.3 0.2 0.3 0.4 0.6 0.9 0.1 9

 10 Miscellaneous assets 0.0 0.0 0.0 -0.3 -0.6 -1.1 -1.0 -1.8 -2.6 0.2 10

 11 Net increase in liabilities 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.5 0.6 0.2 11

 12 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.1 0.9 2.6 1.1 -3.0 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.8 2.5 0.7 -3.3 14

 15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.0 15

 16 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 16

 17 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 -0.0 -0.7 -2.1 -0.5 3.2 17

 Memo:

 18 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 19

 20 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
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L.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.7 1.8 3.7 5.9 10.7 15.1 14.7 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.5 1.0 1.7 2.8 4.7 7.1 7.3 3

 4 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages 0.0 0.0 0.0 0.5 1.0 1.7 2.8 4.7 7.1 7.3 5

 6 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Multifamily residential 0.0 0.0 0.0 0.0 0.2 0.5 0.8 1.5 2.4 2.4 7

 8 Commercial 0.0 0.0 0.0 0.5 0.8 1.3 2.0 3.1 4.7 4.8 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.3 0.8 1.9 3.1 6.0 7.9 7.4 9

 10 Total liabilities 0.0 0.0 0.0 0.7 1.3 1.9 3.7 8.1 12.6 14.1 10

 11 Credit market instruments 0.0 0.0 0.0 0.7 1.4 2.0 3.0 5.0 8.9 12.1 11

 12 Corporate bonds 0.0 0.0 0.0 0.0 0.1 0.5 0.8 1.1 1.5 1.7 12

 13 Depository institution loans n.e.c. 0.0 0.0 0.0 0.5 0.9 1.0 1.5 2.8 5.9 8.9 13

 14 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 14

 15 Multifamily residential 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.4 0.5 0.5 15

 16 Commercial 0.0 0.0 0.0 0.1 0.3 0.4 0.5 0.8 1.0 1.1 16

 17 Miscellaneous liabilities 0.0 0.0 0.0 -0.0 -0.1 -0.0 0.7 3.1 3.7 1.9 17

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

Billions of dollars

 1 Total financial assets 0.0 0.0 0.0 0.1 0.2 0.2 0.5 1.0 1.6 1.7 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.3 1.0 2.2 3.4 5.7 8.8 8.8 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Mortgages 0.0 0.0 0.0 0.3 1.0 2.2 3.4 5.7 8.8 8.8 6

 7 Home 0.0 0.0 0.0 0.0 0.2 0.6 0.8 1.2 1.8 1.7 7

 8 Multifamily residential 0.0 0.0 0.0 0.0 0.3 0.8 1.4 2.7 4.2 4.3 8

 9 Commercial 0.0 0.0 0.0 0.3 0.5 0.8 1.2 1.8 2.8 2.8 9

 10 Miscellaneous assets 0.0 0.0 0.0 -0.3 -0.8 -1.9 -2.9 -4.7 -7.3 -7.1 10

 11 Total liabilities 0.0 0.0 0.0 0.1 0.2 0.2 0.5 1.0 1.6 1.7 11

 12 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Credit market instruments 0.0 0.0 0.0 0.0 0.1 0.2 1.1 3.7 4.8 1.8 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.8 3.2 4.0 0.7 14

 15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.4 15

 16 Depository institution loans n.e.c. 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.4 0.7 16

 17 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.1 0.0 -0.7 -2.7 -3.3 -0.1 17

 Memo:

 18 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 19

 20 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
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S.1.a Total Economy - Current Account

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross value added 743.0 809.9 858.3 939.3 1018.3 1070.5 1158.3 1275.3 1422.4 1541.4 1

 (income approach)

 2 Less: Consumption of fixed capital 88.0 95.3 103.5 113.3 124.9 136.8 148.9 160.9 178.1 206.2 2

 3 Equals: Net value added 655.0 714.6 754.8 826.0 893.4 933.8 1009.4 1114.4 1244.4 1335.3 3

 4 Compensation of employees (paid) 406.3 450.3 482.9 532.1 586.0 625.1 667.0 733.6 815.1 890.3 4

 5 Wages and salaries 363.8 400.3 429.0 472.0 518.3 551.5 584.5 638.8 708.8 772.3 5

 6 Employers’ social contributions 42.6 50.0 53.9 60.1 67.7 73.6 82.5 94.9 106.3 118.0 6

 7 Taxes on production and imports less subsidies 57.7 59.3 64.1 72.2 79.3 86.6 95.8 101.3 112.0 121.6 7

 8 Operating surplus, net 190.9 205.1 207.8 221.6 228.1 222.0 246.6 279.5 317.3 323.3 8

 9 Plus: Income receipts from the rest of the world 7.9 8.1 8.7 10.1 11.8 12.8 14.0 16.3 23.5 29.8 9

10 Less: Income payments to the rest of the world 2.6 3.0 3.3 4.0 5.7 6.4 6.4 7.7 10.9 14.3 10

11 Equals: Net national income/Balance of primary incomes, net 660.3 719.7 760.2 832.1 899.5 940.1 1017.0 1123.0 1257.0 1350.8 11

12 Operating surplus, net 190.9 205.1 207.8 221.6 228.1 222.0 246.6 279.5 317.3 323.3 12

13 Compensation of employees (received) 406.3 450.3 482.9 532.1 586.0 625.1 667.0 733.6 815.0 890.3 13

14 Wages and salaries 363.8 400.3 429.0 472.0 518.3 551.6 584.5 638.8 708.8 772.3 14

15 Employers’ social contributions 42.6 50.0 53.9 60.1 67.7 73.6 82.5 94.9 106.3 118.0 15

16 Taxes on production and imports, receivable 60.7 63.2 67.9 76.4 83.9 91.4 100.5 107.9 117.2 124.9 16

17 Subsidies paid -3.0 -3.9 -3.8 -4.2 -4.5 -4.8 -4.7 -6.6 -5.2 -3.3 17

18 Property income (received) 205.9 222.1 236.5 260.2 291.8 327.4 356.2 397.3 472.5 545.4 18

19 Interest 104.3 115.8 127.2 142.4 168.7 202.0 222.1 245.8 289.8 351.9 19

20 Distributed income of corporations 99.2 103.5 106.4 113.9 118.8 120.5 129.0 144.7 171.8 182.6 20

21 Dividends 29.6 29.6 31.0 34.1 35.8 36.5 38.8 42.2 50.7 62.0 21

22 Withdrawals from income of quasi-corporations 69.6 73.9 75.4 79.8 83.0 84.0 90.2 102.5 121.1 120.6 22

23 Reinvested earnings on U.S. direct investment abroad 1.7 2.0 2.0 2.8 3.2 3.6 3.7 5.2 9.0 8.8 23

24 Rents on land and natural resources 0.7 0.8 0.9 1.1 1.1 1.2 1.4 1.5 1.8 2.1 24

25 Less: Uses of property income (paid) 200.6 217.1 231.2 254.1 285.7 321.0 348.6 388.7 459.8 529.9 25

26 Interest 103.7 115.3 126.6 142.0 169.2 202.7 222.4 246.8 292.1 353.8 26

27 Distributed income of corporations 95.8 100.6 103.2 110.5 115.0 116.6 124.3 139.8 165.0 172.9 27

28 Dividends 26.2 26.7 27.8 30.7 32.0 32.6 34.1 37.4 43.9 52.2 28

29 Withdrawals from income of quasi-corporations 69.6 73.9 75.4 79.8 83.0 84.0 90.2 102.5 121.1 120.6 29

30 Reinvested earnings on foreign direct investment 0.4 0.3 0.4 0.5 0.4 0.4 0.6 0.6 0.9 1.1 30

31 Rents on land and natural resources 0.7 0.8 0.9 1.1 1.1 1.2 1.4 1.5 1.8 2.1 31

32 Net national income/Balance of primary incomes, net 660.3 719.7 760.2 832.1 899.5 940.1 1017.0 1123.0 1257.0 1350.8 32

33 Plus: Current taxes on income, wealth, etc. (received) 88.7 100.3 105.9 126.7 144.6 137.8 139.8 165.9 182.1 203.2 33

34 Less: Current taxes on income, wealth, etc. (paid) 88.7 100.3 105.9 126.6 144.5 137.8 139.9 166.0 182.4 203.8 34

35 Plus: Social benefits (received) 57.4 68.9 80.7 92.1 103.3 118.3 136.9 154.4 184.7 214.3 35

36 Less: Social contributions (paid) 57.8 69.3 81.2 92.6 103.7 118.8 137.4 155.0 185.3 215.1 36

37 Plus: Other current transfers (received) 10.6 13.5 15.5 17.1 19.6 24.0 27.8 37.1 41.1 43.8 37

38 Less: Other current transfers (paid) 15.0 18.3 20.6 22.6 25.2 30.1 35.1 45.6 48.0 51.1 38

39 Equals: Disposable income, net 655.5 714.6 754.7 826.2 893.6 933.5 1009.1 1113.7 1249.1 1342.0 39

40 Less: Final consumption expenditures 560.6 613.4 657.8 725.0 785.4 842.1 911.8 997.0 1091.9 1198.9 40

41 Equals: Net saving 94.9 101.1 96.9 101.2 108.2 91.4 97.3 116.8 157.3 143.1 41

 Addendum:

42 Gross value added (line 1) 743.0 809.9 858.3 939.3 1018.3 1070.5 1158.3 1275.3 1422.4 1541.4 42

43 Plus statistical discrepancy (NIPA) 0.8 5.1 3.4 3.2 1.6 5.4 9.5 7.1 6.1 7.4 43

44 Equals: GDP (NIPA, expenditure approach) 743.7 815.0 861.7 942.5 1019.9 1075.9 1167.8 1282.4 1428.5 1548.8 44
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross value added 743.0 809.9 858.3 939.3 1018.3 1070.5 1158.3 1275.3 1422.4 1541.4 1

 2 Households and nonprofit institutions serving households 63.0 68.0 73.4 79.4 87.6 95.2 105.2 114.8 125.6 138.3 2

 3 Nonfinancial noncorporate business 140.7 149.0 153.7 161.7 170.3 177.3 188.7 206.5 241.4 256.7 3

 4 Nonfinancial corporate business 400.7 440.1 463.2 510.9 554.6 572.8 618.0 685.9 768.8 830.1 4

 5 Financial business 27.7 30.1 33.6 37.6 42.4 45.6 50.1 54.6 58.5 66.8 5

 6 Federal government 59.3 65.5 71.3 78.3 83.6 89.5 95.1 101.2 104.7 112.5 6

 7 State and local government 51.6 57.2 63.1 71.4 79.8 90.2 101.1 112.2 123.5 137.1 7

 8 Net saving 94.9 101.1 96.9 101.2 108.2 91.4 97.3 116.8 157.3 143.1 8

 9 Households and nonprofit institutions serving households 58.3 61.4 72.2 72.1 75.0 96.1 110.1 109.2 131.8 141.7 9

10 Nonfinancial corporate business 33.5 36.5 34.6 33.1 28.7 21.4 30.1 39.4 43.9 30.5 10

11 Financial business 4.5 5.1 4.9 5.5 5.5 5.8 7.3 8.7 9.6 9.2 11

12 Federal government -5.5 -7.0 -19.5 -13.7 -5.1 -34.8 -50.8 -48.9 -37.7 -40.6 12

13 State and local government 4.1 5.2 4.7 4.3 4.1 3.0 0.6 8.4 9.6 2.3 13

 Net capital transfers

14 Households and nonprofit institutions serving households 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 14

15 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Nonfinancial corporate business -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 16

17 Financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Federal government 1.2 1.3 1.2 2.9 2.3 1.6 1.4 0.7 0.9 3.1 18

19 State and local government -4.7 -5.1 -5.1 -6.8 -6.8 -6.2 -7.0 -7.3 -7.3 -9.2 19

20 Rest of the world 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 20

21 Gross fixed capital formation 168.3 184.1 190.5 207.1 223.9 227.8 247.1 279.7 316.7 336.7 21

22 Households and nonprofit institutions serving households 32.1 31.2 31.7 35.9 38.5 37.5 48.7 60.2 66.7 61.7 22

23 Nonfinancial noncorporate business 23.2 23.9 23.4 26.7 31.2 32.6 37.8 44.0 49.3 45.6 23

24 Nonfinancial corporate business 61.6 71.9 73.8 80.2 89.2 92.2 95.2 107.7 125.5 141.3 24

25 Financial business (nonresidential) 3.5 3.6 4.0 5.1 5.5 5.8 6.9 7.2 9.5 11.9 25

26 Federal government 26.7 30.1 31.9 31.1 30.7 30.5 27.8 29.3 31.7 35.7 26

27 State and local government 21.2 23.5 25.7 28.1 28.8 29.3 30.7 31.3 34.0 40.5 27

28 Consumption of fixed capital 88.0 95.3 103.5 113.3 124.9 136.8 148.9 160.9 178.1 206.2 28

29 Households and nonprofit institutions serving households 10.7 11.5 12.4 13.6 15.2 16.5 18.2 20.3 23.3 27.0 29

30 Nonfinancial noncorporate business 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 30

31 Nonfinancial corporate business 35.8 39.4 43.5 48.1 53.5 59.3 64.7 70.2 78.2 91.4 31

32 Financial business (nonresidential) 1.6 1.8 2.0 2.3 2.6 3.0 3.4 3.8 4.5 5.4 32

33 Federal government 20.0 21.0 22.4 24.1 25.8 27.6 29.0 30.1 31.7 34.7 33

34 State and local government 6.4 7.1 7.8 8.6 9.7 10.9 12.2 13.3 14.9 18.3 34

35 Change in inventories 9.2 13.6 9.9 9.1 9.2 2.0 8.3 9.1 15.9 14.0 35

36 Nonfinancial noncorporate business 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 36

37 Nonfinancial corporate business 8.0 13.4 8.6 7.4 8.7 2.7 6.4 8.4 13.7 15.8 37

38 Net lending (+) or net borrowing (-) (capital account) 5.4 -1.3 0.1 -1.6 -0.0 -1.6 -9.2 -11.2 2.7 -1.5 38

39 Households and nonprofit institutions serving households 34.2 38.9 50.1 46.8 47.9 71.1 75.1 63.8 83.2 102.2 39

40 Nonfinancial noncorporate business -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 40

41 Nonfinancial corporate business 0.5 -8.3 -4.2 -6.9 -15.3 -14.1 -6.6 -6.6 -19.8 -40.2 41

42 Financial business 2.7 3.2 2.9 2.7 2.7 3.0 3.9 5.3 4.5 2.8 42

43 Federal government -13.9 -18.0 -30.0 -22.7 -12.5 -38.9 -50.5 -48.1 -35.3 -39.1 43

44 State and local government -7.2 -7.4 -9.5 -9.8 -9.2 -10.3 -12.5 -4.0 -3.9 -12.6 44

 Addendum:

45 Statistical discrepancy (NIPA) 0.8 5.1 3.4 3.2 1.6 5.4 9.5 7.1 6.1 7.4 45

46 Rest of the world -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.1 -8.8 -5.9 46

47 Net lending (+) or net borrowing (-) (financial account) 10.5 9.5 8.3 3.6 4.7 2.9 -6.3 10.8 14.6 -13.7 47

48 Households and nonprofit institutions serving households 46.0 59.7 64.7 62.0 69.9 95.1 94.5 93.9 122.5 111.7 48

49 Nonfinancial noncorporate business -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 49

50 Nonfinancial corporate business -8.0 -21.1 -12.6 -16.6 -23.8 -25.5 -15.9 -7.4 -49.1 -50.4 50

51 Financial business 3.1 3.7 4.0 5.0 -1.5 -1.9 0.6 -0.3 4.4 -3.8 51

52 Federal government -13.8 -16.1 -29.5 -25.8 -13.2 -36.9 -50.0 -46.5 -34.9 -39.7 52

53 State and local government -5.8 -7.1 -9.1 -9.2 -13.1 -15.4 -17.1 -7.4 -2.3 -17.0 53

 Addendum:

54 Rest of the world -5.0 -3.7 -2.4 -1.0 1.1 -2.1 11.2 7.7 -4.5 0.5 54

 Total other volume changes

55 Households and nonprofit institutions serving households 27.8 40.3 28.9 37.0 42.0 45.7 45.5 62.4 27.2 34.1 55

56 Nonfinancial noncorporate business 2.6 2.2 0.3 2.7 -0.4 -0.3 1.5 -5.4 -7.1 -28.3 56

57 Nonfinancial corporate business -9.8 -5.9 -7.1 -7.7 -1.9 -6.0 -6.7 -7.1 9.3 111.1 57

58 Financial business -3.2 5.0 -4.9 -2.6 4.1 2.3 -13.4 -8.0 30.2 20.5 58

59 Federal government -1.3 -0.2 6.7 -1.7 1.1 -3.6 3.5 4.5 3.4 4.7 59

60 State and local government 0.2 -2.2 1.7 -2.9 -7.3 -1.9 -11.9 -11.4 16.5 -13.0 60

61 Rest of the world 1.2 0.1 1.1 0.5 2.7 1.6 11.5 3.6 4.3 6.4 61

 Holding gains/losses

62 Households and nonprofit institutions serving households 116.2 1.7 209.0 278.9 -45.4 67.4 255.4 415.8 57.7 -57.6 62

63 Nonfinancial noncorporate business 24.3 31.2 24.3 42.4 35.3 31.6 64.8 86.6 142.1 140.4 63

64 Nonfinancial corporate business -58.1 97.0 -136.5 -90.7 194.4 68.5 -43.8 -122.8 329.2 496.4 64

65 Financial business -5.4 -8.0 -0.1 -19.5 12.4 4.2 -0.7 1.8 20.9 28.0 65

66 Federal government 4.7 7.0 11.1 12.8 18.4 24.1 22.9 32.2 41.2 67.0 66

67 State and local government 8.7 13.9 11.7 18.9 31.0 43.2 32.6 35.1 69.7 162.2 67

68 Rest of the world -0.1 -0.7 11.9 0.2 -2.4 -0.9 4.9 1.0 -36.6 19.8 68
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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Change in net worth

69 Households and nonprofit institutions serving households 198.6 99.5 306.2 383.9 67.0 204.3 405.2 580.5 210.0 112.0 69

70 Nonfinancial noncorporate business 26.9 33.5 24.6 45.1 34.9 31.3 66.3 81.1 135.1 112.1 70

71 Nonfinancial corporate business -34.4 127.6 -109.0 -65.2 221.2 84.0 -20.3 -90.4 382.6 638.1 71

72 Financial business -4.1 2.1 -0.1 -16.5 22.1 12.3 -6.8 2.5 60.7 57.7 72

73 Federal government -3.2 -1.4 -2.9 -5.4 12.1 -15.8 -25.8 -12.9 6.0 28.0 73

74 State and local government 17.7 22.1 23.2 27.1 34.6 50.5 28.3 39.4 103.2 160.7 74

75 Rest of the world -5.1 -4.4 9.5 -0.8 -1.3 -3.0 16.1 8.7 -41.1 20.3 75
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Gross value added 63.0 68.0 73.4 79.4 87.6 95.2 105.2 114.8 125.6 138.3 1

 2 Less: Consumption of fixed capital 10.7 11.5 12.4 13.6 15.2 16.5 18.2 20.3 23.3 27.0 2

 3 Equals: Net value added 52.3 56.5 61.0 65.7 72.4 78.7 87.0 94.5 102.3 111.3 3

 4 Compensation paid by households and NPISHs 19.3 21.3 23.4 26.1 29.5 32.4 35.6 38.9 43.0 47.1 4

 5 Wages and salaries 18.3 20.1 22.0 24.6 27.7 30.3 33.1 35.9 39.3 42.9 5

 6 Employers’ social contributions 1.0 1.2 1.4 1.5 1.8 2.1 2.5 3.0 3.7 4.3 6

 7 Taxes on production and imports less subsidies 8.8 9.5 10.6 12.0 13.4 15.2 16.7 18.1 19.5 20.8 7

 8 Operating surplus, net 24.2 25.7 26.9 27.7 29.5 31.1 34.6 37.5 39.7 43.3 8

 9 Net national income/Balance of primary incomes, net 548.1 601.6 641.4 701.1 768.1 821.1 878.7 966.9 1081.8 1179.8 9

10 Operating surplus, net 24.2 25.7 26.9 27.7 29.5 31.1 34.6 37.5 39.7 43.3 10

11 Compensation of employees (received) 406.3 450.3 482.9 532.1 586.0 625.1 667.0 733.6 815.0 890.3 11

12 Wages and salaries 363.8 400.3 429.0 472.0 518.3 551.6 584.5 638.8 708.8 772.3 12

13 Employers’ social contributions 42.6 50.0 53.9 60.1 67.7 73.6 82.5 94.9 106.3 118.0 13

14 Property income (received) 138.4 148.1 155.3 167.2 181.7 196.7 212.6 235.8 271.8 296.1 14

15 Interest 48.6 53.5 58.4 63.8 74.5 88.4 97.4 106.6 120.9 142.3 15

16 Distributed income of corporations 89.8 94.6 96.9 103.4 107.2 108.3 115.2 129.3 151.0 153.8 16

17 Dividends 20.2 20.7 21.5 23.5 24.2 24.3 25.0 26.8 29.9 33.2 17

18 Withdrawals from income of quasi-corporations (1) 69.6 73.9 75.4 79.8 83.0 84.0 90.2 102.5 121.1 120.6 18

19 Less: Uses of property income (interest paid) 20.9 22.5 23.7 25.8 29.1 31.9 35.6 40.1 44.9 49.9 19

20 Net national income/Balance of primary incomes, net 548.1 601.6 641.4 701.1 768.1 821.1 878.7 966.9 1081.8 1179.8 20

21 Less: Current taxes on income, wealth, etc. (paid) 57.7 66.4 73.0 87.0 104.5 103.1 101.7 123.6 132.4 151.0 21

22 Plus: Social benefits (received) 33.9 37.5 45.8 53.3 59.0 71.7 85.4 94.8 108.6 128.6 22

23 Less: Social contributions (paid) 23.4 31.3 34.9 38.7 44.1 46.4 51.2 59.2 75.5 85.2 23

24 Plus: Other current transfers (received) 2.3 2.1 2.3 2.8 3.3 2.9 2.7 3.1 3.9 4.7 24

25 Less: Other current transfers (paid) 1.3 1.6 2.0 2.0 2.2 2.5 2.9 3.3 3.5 3.1 25

26 Equals: Disposable income, net 501.9 542.0 579.6 629.5 679.5 743.7 811.1 878.6 982.9 1073.7 26

27 Less: Final consumption expenditures 443.6 480.6 507.4 557.5 604.5 647.7 701.0 769.4 851.1 932.0 27

28 Equals: Net saving 58.3 61.4 72.2 72.1 75.0 96.1 110.1 109.2 131.8 141.7 28

 Capital account

29 Net saving less capital transfers 54.7 57.5 68.2 68.0 70.4 91.3 104.3 102.4 125.2 135.4 29

30 Net saving 58.3 61.4 72.2 72.1 75.0 96.1 110.1 109.2 131.8 141.7 30

31 Less: Capital transfers paid (net) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 31

32 Capital formation, net 20.4 18.6 18.2 21.1 22.5 20.2 29.2 38.6 42.0 33.2 32

33 Gross fixed capital formation, excluding consumer durables 32.1 31.2 31.7 35.9 38.5 37.5 48.7 60.2 66.7 61.7 33

34 Residential 26.2 25.0 25.5 29.4 31.1 29.7 40.0 49.5 55.4 50.5 34

35 Nonresidential (nonprofit organizations) 5.9 6.2 6.2 6.4 7.4 7.8 8.6 10.7 11.3 11.2 35

36 Less: Consumption of fixed capital 10.7 11.5 12.4 13.6 15.2 16.5 18.2 20.3 23.3 27.0 36

37 Acquisition of nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 37

38 Net lending (+) or borrowing (-), capital account (lines 29-32) 34.2 38.9 50.1 46.8 47.9 71.1 75.1 63.8 83.2 102.2 38

 Financial account

39 Net lending (+) or borrowing (-) (line 38) 34.2 38.9 50.1 46.8 47.9 71.1 75.1 63.8 83.2 102.2 39

40 Net acquisition of financial assets 74.9 82.6 92.5 93.7 98.9 114.1 140.6 154.0 188.3 168.6 40

41 Currency and deposits 34.1 20.3 45.3 39.2 6.8 49.9 81.0 87.0 72.7 60.6 41

42 Currency and transferable deposits 6.7 1.9 10.2 9.0 -1.8 7.6 13.5 13.7 12.1 5.2 42

43 Time and savings deposits 27.5 18.6 35.2 30.2 8.6 42.2 67.5 73.3 60.6 55.4 43

44 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Postal savings system deposits -0.1 -0.2 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Debt securities 3.3 18.0 3.2 5.9 37.3 0.2 -6.5 -4.1 24.9 38.9 46

47 Open market paper 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 47

48 Treasury securities 1.2 4.3 -0.1 2.7 11.4 -10.1 -8.8 3.2 11.1 6.6 48

49 Agency- and GSE-backed securities (2) 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 49

50 Municipal securities 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 50

51 Corporate and foreign bonds -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 51

52 Loans 1.4 1.9 4.3 4.4 -0.1 1.3 -2.8 1.1 -0.2 2.4 52

53 Short term 0.9 0.2 2.2 2.1 -1.8 -0.9 0.5 0.1 -0.2 -1.0 53

54 Long term (mortgages) 0.5 1.7 2.1 2.3 1.7 2.2 -3.3 1.0 -0.0 3.4 54
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55 Equity and investment fund shares -5.9 -5.4 -12.4 -14.9 -14.9 -3.6 -4.1 -16.9 3.6 -27.7 55

56 Corporate equities -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 56

57 Mutual fund shares 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 57

58 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 58

59 Equity in noncorporate business 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 9.5 -27.4 59

60 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 60

61 Insurance, pension and standardized guarantee schemes 41.9 47.9 52.1 59.0 69.8 66.4 73.0 87.0 87.4 94.3 61

62 Insurance receivables due from property-casualty insurance companies 0.7 0.7 0.8 0.9 1.2 1.4 1.2 1.4 1.4 1.2 62

63 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 63

64 Pension entitlements (4) 35.7 41.6 45.2 52.3 62.5 58.3 64.1 77.2 77.0 84.3 64

65 Non-life insurance reserves at life insurance companies 0.7 0.9 0.9 1.0 1.1 1.3 1.3 1.5 1.7 1.7 65

66 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 66

67 Net incurrence of liabilities 28.9 22.9 27.8 31.7 29.0 19.0 46.1 60.1 65.9 56.8 67

68 Debt securities (municipals) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.9 68

69 Loans 28.2 22.2 26.9 30.8 28.0 18.0 44.9 58.7 64.3 54.1 69

70 Short term 10.4 8.5 10.6 15.4 9.5 5.8 20.2 23.9 24.3 16.2 70

71 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 71

72 Depository institution loans n.e.c. -0.9 0.6 1.1 0.3 -0.1 0.1 0.7 -0.6 3.5 5.5 72

73 Other loans and advances 0.8 2.0 1.3 1.7 3.0 2.6 1.4 1.3 2.4 3.2 73

74 Security credit 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 74

75 Long term (mortgages) 17.8 13.7 16.3 15.4 18.4 12.2 24.7 34.9 40.1 37.9 75

76 Insurance, pension and standardized guarantee schemes 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 76

77 Other accounts payable (trade debt) 0.4 0.4 0.6 0.6 0.7 0.6 0.9 0.8 0.7 1.2 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 40-67) 46.0 59.7 64.7 62.0 69.9 95.1 94.5 93.9 122.5 111.7 78

 Other changes in volume account

79 Total other volume changes 27.8 40.3 28.9 37.0 42.0 45.7 45.5 62.4 27.2 34.1 79

80 Net investment in consumer durable goods 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 80

81 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.6 -0.2 -0.1 81

82 Other volume changes 0.1 1.6 -1.7 1.0 0.5 7.4 6.3 6.8 -44.0 3.3 82

83 Less: Statistical discrepancy (lines 38-78) (5) -11.7 -20.8 -14.6 -15.1 -22.0 -24.0 -19.4 -30.1 -39.3 -9.5 83

 Revaluation account

84 Nonfinancial assets 10.0 37.7 33.4 85.6 66.6 46.8 79.3 133.1 155.8 67.0 84

85 Real estate 13.5 33.7 26.9 76.1 58.1 36.1 75.2 127.3 142.6 14.3 85

86 Consumer durable goods -3.5 3.8 6.4 9.3 8.2 10.3 3.8 5.5 12.5 50.2 86

87 Equipment 0.0 0.2 0.1 0.2 0.2 0.3 0.2 0.1 0.4 2.0 87

88 Intellectual property products 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.2 0.4 0.5 88

89 Financial assets 106.2 -36.1 175.6 193.2 -112.1 20.5 176.1 282.7 -98.2 -124.6 89

90 Corporate equities 82.5 -58.0 147.5 153.0 -130.8 -12.8 99.5 188.0 -223.8 -247.6 90

91 Mutual fund shares 3.9 -2.8 8.2 4.4 -6.6 -2.1 8.2 4.8 -10.5 -10.5 91

92 Equity in noncorporate business 24.3 31.2 24.3 42.4 35.3 31.6 64.7 86.6 142.4 140.4 92

93 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 Insurance, pension and standardized guarantee schemes -4.5 -6.5 -4.4 -6.5 -10.0 3.9 3.7 3.3 -6.3 -6.8 94

95 Changes in net worth due to nominal holding gains/losses 116.2 1.7 209.0 278.9 -45.4 67.4 255.4 415.8 57.7 -57.6 95

 Changes in balance sheet account

96 Change in net worth (lines 32+38+79+95) 198.6 99.5 306.2 383.9 67.0 204.3 405.2 580.5 210.0 112.0 96

 Balance sheet account (end of period)

97 Total assets 3141.6 3264.3 3598.1 4013.9 4108.4 4327.8 4779.7 5420.3 5697.2 5865.9 97

98 Nonfinancial assets 931.4 1006.5 1075.0 1201.5 1309.3 1391.5 1518.7 1715.3 1944.4 2065.8 98

99 Real estate 696.3 748.9 794.2 889.6 968.7 1025.2 1127.7 1290.7 1472.6 1517.7 99

100 Consumer durable goods 227.9 249.5 271.9 302.1 329.7 354.3 377.9 409.5 454.0 525.7 100

101 Equipment 5.3 5.8 6.3 6.9 7.6 8.4 9.1 10.6 12.6 16.5 101

102 Intellectual property products 2.0 2.3 2.6 2.9 3.2 3.6 4.0 4.5 5.1 6.0 102
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

103 Financial assets 2210.1 2257.7 2523.1 2812.5 2799.2 2936.3 3261.0 3705.0 3752.9 3800.1 103

104 Currency and deposits 380.4 400.7 446.1 485.3 492.2 542.1 623.1 708.6 777.4 838.4 104

105 Currency and transferable deposits 91.6 93.5 103.8 112.7 110.9 118.6 132.1 144.4 152.5 157.4 105

106 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 106

107 Time and savings deposits 288.5 307.1 342.3 372.5 381.3 423.5 491.0 564.2 624.9 681.0 107

108 Postal savings system deposits 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 108

109 Debt securities 127.5 145.5 148.7 154.5 192.3 192.4 185.9 181.8 207.5 249.0 109

110 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 110

111 Treasury securities 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 111

112 Agency- and GSE-backed securities (2) 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 112

113 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 113

114 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 114

115 Loans 45.1 47.3 51.4 56.0 54.3 54.3 52.2 53.2 52.0 54.4 115

116 Short term 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 116

117 Long term (mortgages) 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 117

118 Equity and investment fund shares 1135.2 1100.3 1267.9 1452.7 1335.7 1348.8 1517.1 1779.3 1675.1 1529.6 118

119 Corporate equities 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 119

120 Mutual fund shares 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 120

121 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 121

122 Equity in noncorporate business 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 937.5 1050.4 122

123 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123

124 Insurance, pension and standardized guarantee schemes 521.9 564.0 609.0 664.0 724.6 798.7 882.7 982.1 1040.9 1128.6 124

125 Insurance receivables due from property-casualty insurance companies 8.2 8.9 9.7 10.7 11.8 13.2 14.5 15.9 17.3 18.5 125

126 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 126

127 Pension entitlements (4) 397.9 433.6 471.8 520.1 573.5 639.5 714.6 804.2 852.6 930.2 127

128 Non-life insurance reserves at life insurance companies 10.0 10.8 11.9 12.9 14.0 15.3 16.6 18.1 19.8 21.5 128

129 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 129

130 Total liabilities and net worth 3141.6 3264.3 3598.1 4013.9 4108.4 4327.8 4779.7 5420.3 5697.2 5865.9 130

131 Liabilities 353.4 376.6 404.2 436.2 463.7 478.7 525.5 585.5 652.4 709.1 131

132 Debt securities (municipals) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 132

133 Loans 346.4 368.9 395.7 426.7 453.2 467.2 512.7 571.3 636.7 690.6 133

134 Short term 118.8 127.3 137.9 153.6 163.6 169.4 190.8 214.6 240.7 256.9 134

135 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 135

136 Depository institution loans n.e.c. 5.4 6.1 7.2 7.4 7.8 7.9 9.8 9.1 12.6 18.2 136

137 Other loans and advances 10.0 11.9 13.3 15.3 18.3 20.9 22.3 23.6 26.2 29.4 137

138 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 138

139 Long term (mortgages) 227.7 241.6 257.8 273.1 289.6 297.8 321.9 356.7 396.0 433.8 139

140 Insurance, pension and standardized guarantee schemes 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 140

141 Other accounts payable (trade debt) 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 141

142 Net worth 2788.2 2887.7 3193.9 3577.8 3644.8 3849.1 4254.3 4834.8 5044.8 5156.8 142

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).

(4) Includes variable annuities, including those in IRAs, at life insurance companies.

(5) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

NPISHs Nonprofit institutions serving households

n.e.c. Not elsewhere classified
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S.4.a Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Gross value added 140.7 149.0 153.7 161.7 170.3 177.3 188.7 206.5 241.4 256.7 1

 2 Less: Consumption of fixed capital 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 2

 3 Equals: Net value added 127.2 134.5 138.3 145.1 152.2 157.8 167.5 183.4 215.8 227.3 3

 4 Compensation of employees (paid) 41.9 44.4 45.2 46.8 48.6 50.0 50.5 52.6 59.4 63.8 4

 5 Wages and salaries 39.0 41.1 41.7 43.1 44.7 45.9 46.1 47.7 53.6 57.4 5

 6 Employers’ social contributions 3.0 3.4 3.5 3.7 3.9 4.2 4.4 4.9 5.8 6.4 6

 7 Taxes on production and imports less subsidies 10.7 10.5 11.6 11.9 12.5 13.9 15.6 15.3 17.9 21.5 7

 8 Operating surplus, net 74.7 79.6 81.5 86.4 91.0 93.8 101.4 115.4 138.6 142.0 8

 9 Net national income/Balance of primary incomes, net 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 9

10 Operating surplus, net 74.7 79.6 81.5 86.4 91.0 93.8 101.4 115.4 138.6 142.0 10

11 Property income (interest received) 0.7 0.8 0.8 0.9 1.1 1.4 1.6 1.7 1.5 1.7 11

12 Less: Uses of property income (paid) 75.0 79.9 81.8 86.8 91.7 94.6 102.3 116.5 139.2 143.0 12

13 Interest 7.8 8.6 9.3 10.2 11.7 13.6 15.7 18.1 21.4 25.6 13

14 Withdrawals from income of quasi-corporations (1) 67.1 71.3 72.5 76.6 79.9 81.0 86.6 98.4 117.8 117.4 14

15 Reinvested earnings on foreign direct investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net national income/Balance of primary incomes, net 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 17

18 Less: Other current transfers (paid) 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 18

19 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Capital account

21 Net saving less capital transfers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital formation, net 10.9 9.7 9.2 11.7 13.6 12.4 18.5 21.6 25.9 14.5 24

25 Gross fixed capital formation 23.2 23.9 23.4 26.7 31.2 32.6 37.8 44.0 49.3 45.6 25

26 Nonresidential 15.3 16.4 16.1 16.4 18.5 19.5 20.5 22.1 27.4 27.5 26

27 Residential 7.9 7.5 7.3 10.3 12.7 13.1 17.3 21.9 21.9 18.1 27

28 Less: Consumption of fixed capital 13.5 14.5 15.4 16.6 18.1 19.5 21.3 23.1 25.5 29.3 28

29 Change in private inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 29

30 Net lending (+) or borrowing (-), capital account (lines 21-24) -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 30

 Financial account

31 Net lending (+) or borrowing (-) (line 30) -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 31

32 Net acquisition of financial assets 0.6 1.1 1.3 -0.2 2.0 1.9 9.8 10.0 9.1 4.7 32

33 Currency and deposits 0.1 -0.0 0.1 0.2 0.1 1.5 1.7 1.9 2.2 1.7 33

34 Currency and transferable deposits 0.1 -0.0 0.1 0.2 0.1 0.1 0.1 0.3 0.6 0.1 34

35 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 1.6 1.6 1.6 1.6 35

36 Debt securities 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 36

37 Treasury securities 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 37

38 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Loans 0.3 -0.1 -0.1 -0.0 0.2 0.5 1.1 1.0 0.1 -0.2 39

40 Short term (consumer credit) 0.3 -0.1 -0.1 -0.0 -0.1 0.1 -0.1 -0.1 -0.2 -0.4 40

41 Long term (mortgages) 0.0 0.0 0.0 0.0 0.3 0.4 1.2 1.1 0.3 0.1 41

42 Equity and investment fund shares 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 42

43 Money market mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Equity in government-sponsored enterprises (2) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 44

45 Insurance, pension and standardized guarantee schemes (3) 0.4 0.5 0.6 0.7 1.0 1.1 1.3 1.5 1.4 1.5 45

46 Other accounts receivable -0.2 0.6 0.5 -1.4 0.5 -1.5 5.5 5.2 5.1 1.6 46

47 Trade receivables -0.2 0.6 0.5 -1.4 0.5 -1.5 1.5 0.6 2.3 2.2 47

48 Other (miscellaneous assets) 0.0 0.0 0.0 0.0 0.0 0.0 4.0 4.6 2.8 -0.7 48

49 Net incurrence of liabilities 11.6 10.7 10.5 11.5 15.6 14.3 28.3 31.6 35.0 19.3 49

50 Loans 9.3 9.7 10.3 11.0 15.3 6.7 22.6 31.4 17.9 37.1 50

51 Short term 2.4 3.2 2.5 2.3 4.3 1.9 3.4 4.0 11.4 11.9 51

52 Depository institution loans n.e.c. 1.6 2.3 1.4 1.5 2.7 0.4 2.2 2.8 7.7 8.3 52

53 Other loans and advances 0.8 0.9 1.2 0.8 1.6 1.5 1.2 1.2 3.7 3.6 53

54 Long term (mortgages) 7.0 6.5 7.8 8.7 11.0 4.7 19.2 27.4 6.6 25.2 54
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S.4.a Nonfinancial Noncorporate Business

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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

55 Equity and investment fund shares 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.9 -28.1 55

56 Equity in noncorporate business 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 8.8 -28.2 56

57 Foreign direct investment in the United States 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 57

58 Other accounts payable -0.3 -1.2 -0.1 -2.1 0.6 7.9 4.1 5.3 8.1 10.2 58

59 Trade payables -0.3 -1.2 -0.1 -2.1 0.6 -0.7 0.2 1.1 3.4 3.1 59

60 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 1.5 1.6 60

61 Other (miscellaneous liabilities) 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.3 5.6 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 32-49) -10.9 -9.7 -9.2 -11.7 -13.6 -12.4 -18.5 -21.6 -25.9 -14.5 62

 Other changes in volume account

63 Total other volume changes 2.6 2.2 0.3 2.7 -0.4 -0.3 1.5 -5.4 -7.1 -28.3 63

64 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.3 -0.3 -0.0 64

65 Other volume changes 2.6 2.2 0.3 2.7 -0.4 -0.3 1.6 -5.1 -6.8 -28.2 65

 Revaluation account

66 Nonfinancial assets 24.3 31.2 24.3 42.4 35.3 31.6 64.8 86.6 142.1 140.4 66

67 Real estate 19.9 27.8 22.8 37.4 28.4 27.4 56.1 73.4 120.9 124.9 67

68 Residential 6.6 15.1 10.1 22.3 14.6 11.2 28.3 36.2 49.0 58.8 68

69 Nonresidential 13.3 12.7 12.8 15.1 13.8 16.1 27.8 37.3 71.9 66.1 69

70 Equipment 0.9 2.3 2.3 3.0 3.3 4.3 3.5 2.9 5.6 18.6 70

71 Residential -0.1 -0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.1 0.7 71

72 Nonresidential 1.0 2.3 2.3 2.9 3.3 4.2 3.5 2.9 5.5 17.8 72

73 Intellectual property products 0.2 0.2 0.4 0.3 0.4 0.4 0.2 0.2 0.3 0.6 73

74 Inventories 3.3 0.9 -1.2 1.7 3.2 -0.5 5.0 10.1 15.3 -3.7 74

75 Changes in net worth due to nominal holding gains/losses 24.3 31.2 24.3 42.4 35.3 31.6 64.8 86.6 142.1 140.4 75

 Changes in balance sheet account

76 Change in net worth (lines 24+30+63+75) 26.9 33.5 24.6 45.1 34.9 31.3 66.3 81.1 135.1 112.1 76

 Balance sheet account (end of period)

77 Total assets 593.2 635.2 670.1 724.0 774.9 820.8 913.8 1031.7 1212.6 1372.2 77

78 Nonfinancial assets 556.6 597.5 631.1 685.2 734.1 778.1 861.3 969.2 1137.0 1291.9 78

79 Real estate 458.5 493.6 523.0 569.3 609.0 648.1 719.6 812.0 952.7 1092.7 79

80 Residential (4) 215.2 234.1 247.4 275.6 297.8 316.6 356.0 406.7 469.2 536.6 80

81 Nonresidential 243.2 259.5 275.5 293.7 311.2 331.5 363.7 405.4 483.6 556.1 81

82 Equipment 52.3 56.7 60.5 64.7 69.8 75.5 80.2 84.9 94.3 114.3 82

83 Residential 2.7 2.8 3.0 3.4 3.8 4.2 4.6 5.2 5.9 7.3 83

84 Nonresidential 49.6 53.9 57.5 61.3 66.1 71.3 75.6 79.6 88.4 107.0 84

85 Intellectual property products 6.2 6.4 6.7 7.0 7.4 7.8 7.9 7.9 8.0 8.5 85

86 Inventories 39.6 40.7 40.8 44.2 47.9 46.8 53.6 64.4 81.9 76.5 86

87 Financial assets 36.7 37.7 39.0 38.8 40.8 42.7 52.5 62.5 75.6 80.3 87

88 Currency and deposits 18.2 18.2 18.3 18.5 18.6 20.1 21.8 23.7 29.9 31.5 88

89 Currency and transferable deposits 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 89

90 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 90

91 Debt securities 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 91

92 Treasury securities 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 92

93 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 Loans 4.0 4.0 3.9 3.9 4.0 4.5 5.6 6.6 6.7 6.5 94

95 Short term (consumer credit) 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 95

96 Long term (mortgages) 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 96

97 Equity and investment fund shares 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 97

98 Money market mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 98

99 Equity in government-sponsored enterprises (2) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 99

100 Insurance, pension and standardized guarantee schemes (3) 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 100

101 Other accounts receivable 7.9 8.5 9.0 7.7 8.1 6.6 12.1 17.4 22.5 24.1 101

102 Trade receivables 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 102

103 Other (miscellaneous assets) 0.0 -0.0 0.0 0.0 0.0 0.0 4.0 8.6 11.4 10.8 103
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S.4.a Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

104 Total liabilities and net worth 593.2 635.2 670.1 724.0 774.9 820.8 913.8 1031.7 1212.6 1372.2 104

105 Liabilities 108.5 117.0 127.3 136.2 152.2 166.7 193.5 230.2 276.0 323.5 105

106 Loans 95.6 105.3 115.6 126.6 141.9 148.6 171.2 202.6 230.1 267.2 106

107 Short term 24.7 27.9 30.4 32.7 37.0 38.9 42.3 46.2 67.2 79.1 107

108 Depository institution loans n.e.c. 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 108

109 Other loans and advances 10.7 11.6 12.8 13.6 15.1 16.6 17.8 19.0 22.3 25.9 109

110 Long term (mortgages) 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 110

111 Equity and investment fund shares (direct investment in the U.S.) 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.6 111

112 Other accounts payable 12.7 11.5 11.5 9.4 10.0 17.9 22.0 27.3 45.5 55.7 112

113 Trade payables 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 113

114 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 114

115 Other (miscellaneous liabilities) 0.0 0.0 0.0 0.0 0.0 8.6 11.5 14.2 17.4 23.0 115

116 Net worth 484.7 518.2 542.8 587.9 622.8 654.1 720.3 801.5 936.6 1048.7 116

Notes. Nonfinancial noncorporate business includes noncorporate farms that are excluded from the nonfinancial noncorporate business sector in the Flow of Funds Accounts.

Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Net equity in reserves of property-casualty insurance companies.

(4) Farm houses are included in the household sector.

n.e.c. Not elsewhere classified
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S.5.a Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Gross value added 400.7 440.1 463.2 510.9 554.6 572.8 618.0 685.9 768.8 830.1 1

 2 Less: Consumption of fixed capital 35.8 39.4 43.5 48.1 53.5 59.3 64.7 70.2 78.2 91.4 2

 3 Equals: Net value added 364.9 400.7 419.7 462.8 501.1 513.6 553.3 615.8 690.7 738.7 3

 4 Compensation of employees (paid) 245.4 272.9 291.1 320.9 356.1 374.5 396.2 439.9 495.1 542.9 4

 5 Wages and salaries 222.2 245.2 261.6 288.1 318.8 334.9 353.5 389.9 437.3 478.5 5

 6 Employers’ social contributions 23.2 27.6 29.4 32.7 37.2 39.5 42.7 50.0 57.8 64.4 6

 7 Taxes on production and imports less subsidies 36.0 37.0 39.3 45.5 50.2 54.2 59.5 63.7 70.1 74.4 7

 8 Operating surplus, net 83.5 90.8 89.3 96.4 94.9 84.8 97.6 112.2 125.5 121.3 8

 9 Net national income/Balance of primary incomes, net 62.7 68.6 65.1 69.5 65.0 51.8 63.7 77.0 88.8 77.0 9

10 Operating surplus, net 83.5 90.8 89.3 96.4 94.9 84.8 97.6 112.2 125.5 121.3 10

11 Property income (received) 11.4 12.2 13.2 15.6 19.1 21.9 23.7 27.6 39.5 51.9 11

12 Interest 4.8 5.4 6.1 7.5 10.0 12.1 12.8 14.2 18.4 24.2 12

13 Distributed income of corporations (dividends) 5.0 4.8 5.2 5.5 6.0 6.3 7.3 8.4 12.5 19.4 13

14 Reinvested earnings on U.S. direct investment abroad 1.7 2.0 2.0 2.7 3.1 3.5 3.6 5.0 8.6 8.3 14

15 Less: Uses of property income (paid) 32.2 34.4 37.5 42.5 48.9 54.9 57.6 62.8 76.2 96.2 15

16 Interest 10.0 11.8 13.8 16.5 22.4 28.7 30.3 32.7 40.4 52.2 16

17 Distributed income of corporations (dividends) 21.2 21.5 22.4 24.5 25.0 24.6 25.5 28.1 33.2 40.9 17

18 Reinvested earnings on foreign direct investment 0.3 0.3 0.4 0.4 0.4 0.4 0.5 0.5 0.8 0.9 18

19 Rent 0.7 0.8 0.9 1.1 1.1 1.2 1.4 1.5 1.8 2.1 19

20 Net national income/Balance of primary incomes, net 62.7 68.6 65.1 69.5 65.0 51.8 63.7 77.0 88.8 77.0 20

21 Less: Current taxes on income, wealth, etc. (paid) 27.1 29.5 27.8 33.5 33.3 27.3 30.0 33.8 40.4 42.8 21

22 Less: Other current transfers (paid) 2.1 2.6 2.7 2.9 3.0 3.2 3.6 3.9 4.5 3.7 22

23 Equals: Disposable income, net 33.5 36.5 34.6 33.1 28.7 21.4 30.1 39.4 43.9 30.5 23

24 Equals: Net saving 33.5 36.5 34.6 33.1 28.7 21.4 30.1 39.4 43.9 30.5 24

 Capital account

25 Net saving less capital transfers 33.6 36.6 34.7 33.2 28.7 21.5 30.3 39.6 44.1 30.7 25

26 Net saving 33.5 36.5 34.6 33.1 28.7 21.4 30.1 39.4 43.9 30.5 26

27 Less: Capital transfers paid (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 27

28 Capital formation, net 33.1 44.9 38.8 40.1 44.0 35.6 36.9 46.2 63.9 70.9 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 61.6 71.9 73.8 80.2 89.2 92.2 95.2 107.7 125.5 141.3 29

30 Less: Consumption of fixed capital 35.8 39.4 43.5 48.1 53.5 59.3 64.7 70.2 78.2 91.4 30

31 Acquisition of nonproduced nonfinancial assets -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 31

32 Change in private inventories 8.0 13.4 8.6 7.4 8.7 2.7 6.4 8.4 13.7 15.8 32

33 Net lending (+) or borrowing (-), capital account (lines 25-28) 0.5 -8.3 -4.2 -6.9 -15.3 -14.1 -6.6 -6.6 -19.8 -40.2 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) 0.5 -8.3 -4.2 -6.9 -15.3 -14.1 -6.6 -6.6 -19.8 -40.2 34

35 Net acquisition of financial assets 27.4 14.4 17.8 33.1 34.2 21.4 41.6 68.5 78.2 50.6 35

36 Currency and deposits 2.3 -1.0 3.7 2.6 -0.2 2.3 3.1 5.7 7.3 4.8 36

37 Currency and transferable deposits 0.3 -0.7 2.5 2.7 5.6 1.0 -1.5 2.4 1.4 1.2 37

38 Time and savings deposits 2.3 -0.4 1.1 -0.6 -5.4 1.7 4.2 2.4 4.7 3.8 38

39 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 39

40 Debt securities -1.1 -1.2 -1.7 2.4 -1.5 1.3 5.4 1.9 -2.9 7.0 40

41 Open market paper -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 41

42 Treasury securities -1.9 -1.5 -2.4 0.3 -3.3 0.6 2.8 -2.2 -4.4 1.4 42

43 Agency- and GSE-backed securities (1) 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 43

44 Municipal securities 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 44

45 Loans 1.2 0.5 0.1 0.6 2.6 -2.5 3.5 2.3 8.1 -4.2 45

46 Short term (security repos and consumer credit) 1.2 0.5 0.1 0.6 2.4 -2.4 3.5 2.3 8.0 -4.7 46

47 Long term (mortgages) 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 47

48 Equity and investment fund shares 4.9 5.3 4.7 5.2 5.7 6.9 7.0 7.0 10.7 8.2 48

49 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

50 Mutual fund shares 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 50

51 U.S. direct investment abroad 4.8 5.2 4.5 5.0 5.6 7.1 7.0 7.0 10.5 7.9 51

52 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.1 -0.2 0.0 0.0 0.0 0.0 52

53 Investment in finance company subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Insurance, pension and standardized guarantee schemes (2) 0.4 0.6 0.7 0.8 1.2 0.9 1.1 1.9 2.0 2.2 54
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S.5.a Nonfinancial Corporate Business

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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

55 Other accounts receivable 19.7 10.1 10.3 21.5 26.6 12.5 21.5 49.6 53.0 32.6 55

56 Trade receivables 13.3 12.4 8.3 18.5 22.8 8.4 12.4 26.4 40.9 31.8 56

57 Other (miscellaneous assets) 6.4 -2.3 2.0 3.0 3.7 4.1 9.1 23.2 12.1 0.9 57

58 Net incurrence of liabilities 35.4 35.4 30.4 49.7 58.1 47.0 57.4 75.9 127.3 101.0 58

59 Debt securities 4.5 11.0 16.1 14.1 13.1 21.5 18.0 13.5 12.4 25.4 59

60 Open market paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 60

61 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 61

62 Corporate bonds 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 62

63 Loans 16.2 13.9 5.6 17.9 19.9 19.7 10.2 26.7 63.6 29.9 63

64 Short term 13.5 10.3 6.0 12.7 19.0 5.8 5.6 17.4 32.8 30.9 64

65 Depository institution loans n.e.c. 11.3 8.7 5.9 10.3 9.7 5.3 3.7 13.6 25.1 21.2 65

66 Other loans and advances 2.2 1.6 0.2 2.5 9.3 0.5 1.9 3.9 7.7 9.7 66

67 Long term (mortgages) 2.7 3.6 -0.4 5.2 0.9 13.9 4.6 9.2 30.9 -1.0 67

68 Equity and investment fund shares 0.4 1.6 3.1 0.6 4.6 7.1 11.7 11.8 10.4 8.7 68

69 Corporate equities -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 69

70 Foreign direct investment in the United States 0.5 0.4 0.7 0.8 1.2 1.4 0.3 0.9 2.5 4.6 70

71 Insurance, pension and standardized guarantee schemes 1.2 3.3 4.9 6.7 11.7 9.6 7.1 -1.1 5.5 7.7 71

72 Pension fund contributions payable 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 72

73 Claim of pension fund on sponsor ND ND ND ND ND ND ND ND ND ND 73

74 Other accounts payable 13.1 5.6 0.8 10.4 8.9 -10.9 10.3 25.0 35.3 29.2 74

75 Trade payables 11.8 9.1 5.9 16.4 19.5 7.9 13.7 23.2 38.1 26.5 75

76 Taxes payable 2.1 -0.9 -4.2 1.1 -1.7 -2.6 3.1 2.4 3.8 7.4 76

77 Miscellaneous liabilities -0.7 -2.6 -1.0 -7.2 -8.9 -16.1 -6.4 -0.6 -6.6 -4.6 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-58) -8.0 -21.1 -12.6 -16.6 -23.8 -25.5 -15.9 -7.4 -49.1 -50.4 78

 Other changes in volume account

79 Total other volume changes -9.8 -5.9 -7.1 -7.7 -1.9 -6.0 -6.7 -7.1 9.3 111.1 79

80 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.6 -0.2 -0.0 80

81 Other volume changes -2.6 4.7 -0.2 -1.7 0.7 -1.1 -2.0 -12.4 19.3 83.0 81

82 Less: Statistical discrepancy (lines 33-78) (3) 8.5 12.7 8.4 9.7 8.5 11.5 9.3 0.8 29.3 10.1 82

83 Less: Inventory valuation adjustment -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 83

 Revaluation account

84 Nonfinancial assets 13.8 21.8 23.6 37.5 49.8 56.4 64.1 61.2 108.9 240.9 84

85 Real estate 11.7 15.8 15.1 27.8 37.6 41.3 53.1 50.0 84.4 156.3 85

86 Equipment 1.0 5.4 6.7 8.9 9.1 12.9 8.9 8.2 13.7 65.0 86

87 Intellectual property products 0.7 0.7 1.6 2.0 2.9 3.1 2.1 2.6 5.6 8.6 87

88 Inventories 0.4 -0.1 0.2 -1.1 0.2 -1.0 -0.0 0.3 5.2 11.0 88

89 Financial assets 5.9 -1.8 1.8 2.8 3.3 3.6 2.0 13.9 -10.8 -0.3 89

90 Mutual fund shares 0.0 -0.0 0.1 0.0 -0.2 -0.1 0.1 0.0 -0.2 -0.3 90

91 Direct investment abroad 5.9 -1.8 1.8 2.8 3.4 3.7 1.9 13.9 -10.6 0.0 91

92 Liabilities 77.8 -77.0 161.9 131.0 -141.3 -8.5 110.0 197.9 -231.1 -255.7 92

93 Corporate equity 77.9 -77.2 161.9 131.1 -141.5 -8.6 110.1 198.0 -231.2 -255.9 93

94 Foreign direct investment in the United States -0.1 0.1 -0.0 -0.1 0.2 0.1 -0.2 -0.1 0.1 0.1 94

95 Changes in net worth due to nominal holding gains/losses -58.1 97.0 -136.5 -90.7 194.4 68.5 -43.8 -122.8 329.2 496.4 95

 Changes in balance sheet account

96 Change in net worth (lines 28+33+79+95) (4) -34.4 127.6 -109.0 -65.2 221.2 84.0 -20.3 -90.4 382.6 638.1 96

 Balance sheet account (end of period)

97 Total assets 1023.9 1109.7 1193.2 1308.0 1445.8 1566.3 1713.5 1896.7 2167.8 2558.7 97

98 Nonfinancial assets (5) 761.1 832.6 898.3 980.1 1083.6 1182.7 1288.3 1403.0 1596.0 1942.5 98

99 Real estate 424.0 454.0 483.2 524.9 580.4 638.0 707.0 775.7 883.3 1062.9 99

100 Equipment 182.3 204.3 225.3 249.8 276.4 303.7 325.1 350.3 388.7 479.3 100

101 Intellectual property products 37.3 41.4 46.5 52.2 58.9 64.9 69.1 74.6 83.1 94.6 101

102 Inventories 117.6 133.0 143.3 153.2 167.9 176.1 187.1 202.4 240.9 305.8 102

103 Financial assets 262.7 277.1 294.9 328.0 362.2 383.6 425.2 493.7 571.8 616.2 103

104 Currency and deposits 43.1 42.1 45.8 48.5 48.3 50.5 53.7 59.4 66.7 73.6 104

105 Currency and transferable deposits 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 105

106 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 106

107 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 107
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134 Historical Annuals, 1965-1974, March 6, 2014

S.5.a Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

108 Debt securities 19.8 18.6 16.9 19.3 17.8 19.1 24.4 26.3 23.4 26.7 108

109 Open market paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 109

110 Treasury securities 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 110

111 Agency- and GSE-backed securities (1) 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 111

112 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 112

113 Loans 13.9 14.4 14.5 15.0 17.6 15.1 18.6 20.9 30.7 26.5 113

114 Short term 13.8 14.3 14.4 14.9 17.3 14.9 18.4 20.7 30.4 25.8 114

115 Security repurchases 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 115

116 Consumer credit 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 116

117 Long term (mortgages) 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 117

118 Equity and investment fund shares 53.8 57.3 63.8 71.8 80.8 91.3 100.3 121.2 121.1 129.1 118

119 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 119

120 Mutual fund shares 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 120

121 U.S. direct investment abroad 53.3 56.7 63.0 70.8 79.8 90.6 99.6 120.5 120.3 128.2 121

122 Equity in government-sponsored enterprises (1) 0.1 0.1 0.2 0.2 0.3 0.0 0.0 0.0 0.1 0.1 122

123 Investment in finance company subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123

124 Insurance, pension and standardized guarantee schemes (2) 6.9 7.4 8.1 8.9 10.1 11.0 12.1 14.0 16.0 18.1 124

125 Other accounts receivable 125.3 137.3 145.8 164.5 187.7 196.6 216.1 251.9 313.8 342.1 125

126 Trade receivables 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 126

127 Other (miscellaneous assets) 4.4 4.0 4.2 4.3 4.8 5.2 12.3 21.7 44.5 96.6 127

128 Total liabilities and net worth 1023.9 1109.7 1193.2 1308.0 1445.8 1566.3 1713.5 1896.7 2167.8 2558.7 128

129 Liabilities 960.7 918.9 1111.3 1291.4 1207.9 1244.5 1412.0 1685.5 1574.0 1326.8 129

130 Debt securities 98.1 109.1 125.2 139.3 152.4 173.9 191.9 205.4 217.7 243.2 130

131 Open market paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 131

132 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 132

133 Corporate bonds 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 133

134 Loans 109.1 122.9 128.4 145.6 165.5 187.7 197.8 225.0 278.3 307.8 134

135 Short term 75.0 85.2 91.2 103.2 122.2 127.9 132.9 150.8 173.5 204.0 135

136 Depository institution loans n.e.c. 60.1 68.8 74.6 84.9 94.6 99.9 103.6 117.7 132.7 153.9 136

137 Other loans and advances 14.9 16.4 16.6 18.3 27.6 28.0 29.2 33.1 40.8 50.1 137

138 Long term (mortgages) 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 138

139 Equity and investment fund shares 630.2 554.8 719.8 851.4 714.7 713.3 834.9 1044.6 824.0 576.9 139

140 Corporate equity 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 140

141 Foreign direct investment in the United States 6.4 6.9 7.6 8.3 9.6 11.1 11.2 11.9 14.6 19.3 141

142 Insurance, pension and standardized guarantee schemes 26.2 33.4 32.6 34.8 50.9 62.8 60.1 53.2 72.4 95.5 142

143 Pension fund contributions payable 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 143

144 Claim of pension fund on sponsor ND ND ND ND ND ND ND ND ND ND 144

145 Other accounts payable 97.0 98.7 105.3 120.4 124.5 106.9 127.3 157.4 181.6 103.5 145

146 Trade payables 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 146

147 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 147

148 Miscellaneous liabilities -16.1 -22.8 -17.9 -20.4 -34.1 -57.0 -53.3 -48.8 -66.5 -86.6 148

149 Net worth 63.2 190.8 81.8 16.6 237.9 321.8 301.5 211.2 593.8 1231.9 149

Notes. Nonfinancial corporate business includes corporate farms that are excluded from the nonfinancial corporate business sector in the Flow of Funds Accounts.

Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) Net equity in reserves of property-casualty insurance companies.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Flow of Funds Accounts.

(5) Excludes nonproduced nonfinancial assets.

n.e.c. Not elsewhere classified
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Historical Annuals, 1965-1974, March 6, 2014 135

S.6.a Financial Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Gross value added 27.7 30.1 33.6 37.6 42.4 45.6 50.1 54.6 58.5 66.8 1

 2 Less: Consumption of fixed capital 1.6 1.8 2.0 2.3 2.6 3.0 3.4 3.8 4.5 5.4 2

 3 Equals: Net value added 26.1 28.3 31.6 35.3 39.7 42.6 46.7 50.8 54.0 61.4 3

 4 Compensation of employees (paid) 16.0 17.4 19.3 21.7 23.8 25.8 28.1 31.0 33.7 37.3 4

 5 Wages and salaries 14.4 15.6 17.2 19.4 21.4 23.2 25.1 27.4 29.8 33.0 5

 6 Employers’ social contributions 1.6 1.8 2.1 2.2 2.4 2.7 3.0 3.6 4.0 4.3 6

 7 Taxes on production and imports less subsidies 2.2 2.3 2.5 2.8 3.2 3.2 3.9 4.3 4.6 4.8 7

 8 Operating surplus, net 7.9 8.6 9.8 10.8 12.7 13.5 14.7 15.6 15.7 19.4 8

 9 Net national income/Balance of primary incomes, net 9.5 9.7 10.4 12.4 13.4 13.9 15.4 17.3 19.5 21.7 9

10 Operating surplus, net 7.9 8.6 9.8 10.8 12.7 13.5 14.7 15.6 15.7 19.4 10

11 Property income (received) 51.1 56.2 61.5 69.9 82.7 99.0 109.1 122.4 147.9 181.0 11

12 Interest 46.7 52.0 57.1 64.8 77.0 93.0 102.6 115.2 139.1 171.2 12

13 Distributed income of corporations (dividends) 4.4 4.1 4.3 5.0 5.6 5.9 6.4 7.0 8.3 9.4 13

14 Reinvested earnings on U.S. direct investment abroad 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.4 0.4 14

15 Less: Uses of property income (paid) 49.5 55.1 61.0 68.4 82.0 98.6 108.4 120.7 144.1 178.7 15

16 Interest 41.9 47.2 52.6 58.9 71.9 87.6 96.2 107.3 130.0 164.0 16

17 Distributed income of corporations 7.5 7.8 8.3 9.4 10.1 11.0 12.1 13.3 14.0 14.5 17

18 Dividends 5.1 5.2 5.4 6.2 7.0 8.0 8.6 9.2 10.7 11.3 18

19 Withdrawals from income of quasi-corporations (1) 2.5 2.6 2.9 3.2 3.1 3.0 3.6 4.1 3.3 3.2 19

20 Reinvested earnings on foreign direct investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 20

21 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Net national income/Balance of primary incomes, net 9.5 9.7 10.4 12.4 13.4 13.9 15.4 17.3 19.5 21.7 22

23 Less: Current taxes on income, wealth, etc. (paid) 3.9 4.4 5.1 6.1 6.6 7.5 8.2 8.5 9.6 9.9 23

24 Less: Other current transfers (paid) 1.1 0.3 0.5 0.8 1.3 0.6 -0.2 0.0 0.3 2.6 24

25 Equals: Disposable income, net 4.5 5.1 4.9 5.5 5.5 5.8 7.3 8.7 9.6 9.2 25

26 Equals: Net saving 4.5 5.1 4.9 5.5 5.5 5.8 7.3 8.7 9.6 9.2 26

 Capital account

27 Net saving less capital transfers 4.5 5.1 4.9 5.5 5.5 5.8 7.3 8.7 9.6 9.2 27

28 Net saving 4.5 5.1 4.9 5.5 5.5 5.8 7.3 8.7 9.6 9.2 28

29 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Capital formation, net 1.9 1.8 2.0 2.8 2.9 2.8 3.4 3.4 5.1 6.5 30

31 Gross fixed capital formation (nonresidential) 3.5 3.6 4.0 5.1 5.5 5.8 6.9 7.2 9.5 11.9 31

32 Less: Consumption of fixed capital 1.6 1.8 2.0 2.3 2.6 3.0 3.4 3.8 4.5 5.4 32

33 Net lending (+) or borrowing (-), capital account (lines 27-30) 2.7 3.2 2.9 2.7 2.7 3.0 3.9 5.3 4.5 2.8 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) 2.7 3.2 2.9 2.7 2.7 3.0 3.9 5.3 4.5 2.8 34

35 Net acquisition of financial assets 100.8 96.0 121.2 144.7 135.8 159.0 207.9 260.7 279.8 237.6 35

36 Monetary gold -1.7 -0.6 -1.2 -1.6 0.0 0.4 -0.6 -0.5 0.0 0.1 36

37 Currency and deposits 1.2 3.8 4.2 5.4 0.2 4.3 5.7 1.5 5.8 4.8 37

38 Debt securities 14.6 16.0 38.3 30.0 6.3 50.8 50.1 49.3 37.4 42.9 38

39 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 39

40 Open market paper -0.0 0.6 1.2 0.4 2.6 1.8 1.0 3.1 2.6 7.3 40

41 Treasury securities -0.0 0.8 9.6 6.6 -9.8 13.0 5.7 2.5 -1.2 -0.3 41

42 Agency- and GSE-backed securities (2) 0.9 1.4 3.2 2.8 1.6 6.8 8.6 11.5 13.2 11.0 42

43 Municipal securities 4.7 2.6 10.4 9.5 1.5 12.6 16.6 11.8 9.3 7.0 43

44 Corporate and foreign bonds 7.8 9.2 12.5 9.3 8.9 13.9 15.4 17.4 11.3 15.1 44

45 Nonmarketable government securities 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 45

46 Loans 55.4 43.2 36.8 58.5 63.7 45.1 78.3 127.8 159.4 127.3 46

47 Short term 28.7 22.4 16.3 33.0 36.8 18.0 28.2 58.7 83.1 74.2 47

48 Long term (mortgages) 26.8 20.8 20.5 25.5 26.9 27.1 50.0 69.1 76.3 53.1 48

49 Equity and investment fund shares 10.8 12.2 15.0 19.5 26.3 16.4 25.9 30.3 24.2 18.2 49

50 Corporate equities 10.5 11.8 14.6 19.0 21.2 9.2 19.9 21.1 14.1 6.7 50

51 Mutual fund shares 0.0 0.1 0.0 0.1 0.6 0.5 -0.2 -0.1 0.9 1.1 51

52 Money market mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Equity in government-sponsored enterprises (2) 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.1 0.4 0.5 53

54 U.S. direct investment abroad 0.2 0.2 0.3 0.3 0.4 0.5 0.6 0.7 0.9 1.1 54

55 Stock in Federal Reserve Banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 55

56 Investment in subsidiaries 0.0 0.0 0.0 0.0 4.0 6.0 5.6 8.4 7.9 8.7 56
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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

57 Insurance, pension and standardized guarantee schemes 17.7 20.9 24.3 28.4 36.0 38.3 40.6 34.6 42.8 47.5 57

58 Other accounts receivable 2.6 0.4 3.8 4.4 3.3 3.6 8.0 17.7 10.2 -3.2 58

59 Net incurrence of liabilities 97.7 92.3 117.2 139.7 137.3 160.9 207.4 261.0 275.4 241.4 59

60 Currency and deposits 41.0 30.8 58.3 54.3 19.9 65.1 96.7 105.0 95.9 86.0 60

61 Debt securities 4.6 10.8 3.8 7.3 22.1 12.6 11.4 16.7 32.3 41.5 61

62 Agency- and GSE-backed securities (2) 2.2 5.5 0.1 3.8 9.7 9.8 5.9 8.4 19.9 21.1 62

63 Corporate bonds 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 63

64 Commercial paper 1.2 3.7 2.7 3.0 11.4 0.3 0.8 0.9 7.0 13.4 64

65 Loans 5.7 0.9 0.1 7.4 8.1 0.7 3.7 15.3 25.8 7.9 65

66 Short term 5.7 0.9 0.1 7.2 7.9 0.6 3.5 14.8 25.5 7.7 66

67 Long term (mortgages) 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 67

68 Equity and investment fund shares 1.5 3.2 0.4 3.5 9.3 7.3 9.0 9.9 11.2 13.8 68

69 Money market mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 69

70 Corporate equity issues -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 70

71 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 71

72 Equity in government-sponsored enterprises (2) 0.1 0.3 0.1 -0.2 0.2 -0.0 0.1 0.2 0.5 0.7 72

73 Foreign direct investment in the United States -0.1 0.1 0.0 0.0 0.1 0.0 0.1 0.1 0.1 -0.0 73

74 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 74

75 Investment by parent 0.0 0.0 0.0 0.0 4.0 6.0 5.6 8.4 5.4 7.7 75

76 Stock in Federal Reserve Banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 76

77 Insurance, pension and standardized guarantee schemes 42.6 48.8 53.3 60.6 71.9 68.3 75.2 90.2 90.6 97.9 77

78 Other accounts payable 2.3 -2.3 1.1 6.6 5.8 6.9 11.3 23.9 19.6 -5.6 78

 Addendum:

79 Net lending (+) or borrowing (-), financial account (lines 35-59) 3.1 3.7 4.0 5.0 -1.5 -1.9 0.6 -0.3 4.4 -3.8 79

 Other changes in volume account

80 Total other volume changes -3.2 5.0 -4.9 -2.6 4.1 2.3 -13.4 -8.0 30.2 20.5 80

81 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 -0.0 -0.0 81

82 Other volume changes -3.6 4.5 -6.0 -4.9 8.3 7.3 -10.1 -2.3 30.4 27.0 82

83 Less: Statistical discrepancy (lines 33-79) (3) -0.4 -0.5 -1.1 -2.3 4.1 5.0 3.3 5.6 0.2 6.5 83

 Revaluation account

84 Nonfinancial assets 0.3 0.7 0.7 1.5 1.8 2.0 2.7 2.8 3.7 9.1 84

85 Structures (nonresidential) 0.5 0.8 0.7 1.5 1.6 1.8 3.0 2.6 3.4 6.5 85

86 Equipment -0.2 -0.1 0.1 0.1 0.2 0.1 -0.2 0.2 0.3 2.4 86

87 Intellectual property products -0.0 -0.0 -0.0 0.0 0.0 0.0 -0.0 0.0 0.1 0.2 87

88 Financial assets 4.5 -16.5 13.4 4.8 -26.1 -2.1 26.9 21.5 -46.5 -54.9 88

89 Corporate equities 4.4 -16.5 13.3 4.7 -25.9 -1.9 26.6 21.4 -46.0 -54.1 89

90 Mutual fund shares 0.0 -0.1 0.1 0.0 -0.2 -0.1 0.2 0.1 -0.5 -0.8 90

91 U.S. direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 91

92 Liabilities 10.2 -7.8 14.3 25.8 -36.7 -4.3 30.3 22.5 -63.7 -73.8 92

93 Corporate equity issues 10.7 1.8 10.2 27.8 -19.5 -5.8 17.9 14.0 -46.7 -55.2 93

94 Mutual fund shares 4.0 -2.9 8.4 4.4 -7.0 -2.4 8.5 4.9 -11.2 -11.5 94

95 Foreign direct investment in the United States 0.0 -0.2 0.1 0.1 -0.2 -0.0 0.2 0.3 0.2 -0.1 95

96 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 -0.0 96

97 Pension fund reserves -4.5 -6.5 -4.4 -6.5 -10.0 3.9 3.7 3.3 -6.3 -6.8 97

98 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 98

99 Changes in net worth due to nominal holding gains/losses -5.4 -8.0 -0.1 -19.5 12.4 4.2 -0.7 1.8 20.9 28.0 99

 Changes in balance sheet account

100 Change in net worth (lines 30+33+80+99) -4.1 2.1 -0.1 -16.5 22.1 12.3 -6.8 2.5 60.7 57.7 100

 Balance sheet account (end of period)

101 Total assets 1302.3 1389.3 1517.9 1669.1 1788.8 1955.9 2192.0 2480.8 2721.8 2942.2 101

102 Nonfinancial assets (4) 24.1 26.6 29.3 33.7 38.4 43.2 49.4 55.4 64.2 79.8 102

103 Structures (nonresidential) 18.2 19.8 21.3 24.1 27.0 30.1 34.5 38.5 43.9 53.2 103

104 Equipment 5.6 6.4 7.5 8.9 10.5 11.9 13.3 15.2 18.2 23.7 104

105 Intellectual property products 0.3 0.4 0.6 0.7 0.9 1.2 1.5 1.7 2.1 2.9 105
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Historical Annuals, 1965-1974, March 6, 2014 137

S.6.a Financial Business

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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

106 Financial assets 1278.2 1362.7 1488.6 1635.3 1750.4 1912.7 2142.7 2425.4 2657.6 2862.4 106

107 Monetary gold 13.7 13.2 12.0 10.4 10.4 10.7 10.1 10.4 11.6 11.7 107

108 Currency and deposits 42.5 46.3 50.7 56.0 56.6 60.3 65.9 67.5 73.3 78.1 108

109 Debt securities 340.9 356.9 395.2 425.2 431.1 481.9 532.0 581.2 618.6 661.6 109

110 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 110

111 Open market paper 3.3 3.9 5.1 5.6 8.1 9.9 10.9 14.0 16.7 24.0 111

112 Treasury securities 137.1 137.9 147.5 154.1 144.3 157.2 162.9 165.4 164.2 163.9 112

113 Agency- and GSE-backed securities (2) 10.5 12.0 15.2 18.0 19.6 26.4 35.0 46.4 59.7 70.7 113

114 Municipal securities 57.1 59.7 70.2 79.7 81.2 93.8 110.4 122.1 131.5 138.6 114

115 Corporate and foreign bonds 113.1 122.4 134.9 144.2 152.7 166.6 182.1 199.5 210.7 225.8 115

116 Nonmarketable government securities 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 116

117 Loans 512.9 556.1 592.9 651.1 714.9 759.9 838.2 966.7 1126.1 1251.7 117

118 Short term 229.7 252.1 268.4 301.4 338.6 356.6 385.6 444.9 528.0 601.8 118

119 Long term (mortgages) 283.2 304.0 324.5 349.7 376.3 403.2 452.6 521.8 598.1 649.9 119

120 Equity and investment fund shares 108.6 104.3 132.7 157.0 157.2 171.5 224.3 276.2 253.9 217.2 120

121 Corporate equities 104.2 99.5 127.5 151.2 146.5 153.8 200.3 242.8 211.0 163.5 121

122 Mutual fund shares 0.5 0.6 0.7 0.9 1.3 1.7 1.8 1.8 2.2 2.5 122

123 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123

124 Equity in government-sponsored enterprises (2) 1.3 1.4 1.4 1.4 1.5 1.6 1.6 1.8 2.1 2.6 124

125 U.S. direct investment abroad 2.1 2.3 2.6 2.9 3.3 3.7 4.3 5.0 5.9 7.1 125

126 Stock in Federal Reserve Banks 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 126

127 Investment in subsidiaries 0.0 0.0 0.0 0.0 4.0 10.0 15.6 24.0 31.8 40.5 127

128 Insurance, pension and standardized guarantee schemes 240.4 266.1 281.6 307.3 348.9 392.7 428.8 463.6 503.2 572.5 128

129 Other accounts receivable 19.2 19.9 23.4 28.3 31.4 35.7 43.4 59.8 71.0 69.7 129

130 Total liabilities and net worth 1302.3 1389.3 1517.9 1669.1 1788.8 1955.9 2192.0 2480.8 2721.8 2942.2 130

131 Liabilities 1312.0 1397.0 1525.6 1693.3 1791.0 1945.7 2188.6 2474.9 2655.2 2817.9 131

132 Currency and deposits 537.1 567.9 626.3 680.6 695.8 760.9 857.7 964.3 1061.3 1148.0 132

133 Debt securities 43.4 54.2 58.0 65.4 87.5 100.2 111.6 128.3 160.6 201.0 133

134 Agency- and GSE-backed securities (2) 14.7 20.2 20.3 24.1 33.8 43.6 49.5 57.9 77.9 97.9 134

135 Corporate bonds 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 135

136 Commercial paper 11.9 15.7 18.4 21.4 32.8 33.1 33.8 34.7 41.7 55.1 136

137 Loans 28.6 29.5 29.7 37.1 45.5 46.2 49.8 65.1 90.9 98.8 137

138 Short term 28.6 29.5 29.7 36.9 45.0 45.6 49.2 64.0 89.5 97.2 138

139 Long term (mortgages) 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 139

140 Equity and investment fund shares 145.8 147.7 166.8 202.5 185.1 184.2 219.9 248.9 202.8 149.8 140

141 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 141

142 Corporate equity issues 106.1 108.2 117.6 146.5 128.6 122.5 143.5 160.1 118.9 65.9 142

143 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 143

144 Equity in government-sponsored enterprises (2) 2.0 2.3 2.4 2.2 2.4 2.4 2.5 2.7 3.3 4.0 144

145 Foreign direct investment in the United States 1.9 1.8 1.9 2.0 1.8 1.9 2.1 2.5 2.8 2.7 145

146 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.7 146

147 Investment by parent 0.0 0.0 0.0 0.0 4.0 10.0 15.6 24.0 29.3 37.0 147

148 Stock in Federal Reserve Banks 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 148

149 Insurance, pension and standardized guarantee schemes 527.8 570.8 617.1 673.6 736.4 812.3 898.6 1001.3 1063.3 1154.5 149

150 Other accounts payable 29.3 26.8 27.7 34.1 40.7 41.9 51.0 67.0 76.3 65.8 150

151 Net worth -9.7 -7.6 -7.7 -24.2 -2.2 10.2 3.4 5.9 66.6 124.3 151

Notes. Financial business includes depository institutions, insurance companies and pension funds, monetary authority, and other financial institutions.

Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land. Includes corporate and noncorporate financial business.

SDRs Special Drawing Rights
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138 Historical Annuals, 1965-1974, March 6, 2014

S.7.a Federal Government

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Gross value added 59.3 65.5 71.3 78.3 83.6 89.5 95.1 101.2 104.7 112.5 1

 2 Less: Consumption of fixed capital 20.0 21.0 22.4 24.1 25.8 27.6 29.0 30.1 31.7 34.7 2

 3 Equals: Net value added 39.3 44.5 48.8 54.2 57.8 61.9 66.1 71.1 73.0 77.8 3

 4 Compensation of employees (paid) 40.2 45.7 50.1 55.2 59.1 64.3 68.9 73.5 76.4 81.1 4

 5 Wages and salaries 31.5 35.8 39.1 43.1 46.0 49.6 51.5 55.0 57.2 60.5 5

 6 Employers’ social contributions 8.7 9.9 11.0 12.1 13.0 14.7 17.4 18.4 19.2 20.6 6

 7 Operating surplus, net -0.9 -1.2 -1.3 -1.0 -1.3 -2.5 -2.8 -2.4 -3.4 -3.2 7

 8 Net national income/Balance of primary incomes, net -5.0 -8.7 -9.2 -9.8 -12.6 -19.3 -20.1 -24.3 -28.0 -29.8 8

 9 Operating surplus, net -0.9 -1.2 -1.3 -1.0 -1.3 -2.5 -2.8 -2.4 -3.4 -3.2 9

10 Taxes on production and imports, receivable 15.4 14.4 15.2 16.9 17.8 18.1 19.0 18.5 19.8 20.1 10

11 Subsidies (paid) -3.0 -3.9 -3.8 -4.1 -4.5 -4.8 -4.6 -6.6 -5.1 -3.2 11

12 Property income (received) 2.0 2.2 2.6 3.1 2.8 3.2 3.6 3.8 4.0 4.5 12

13 Interest 1.8 2.0 2.3 2.7 2.5 2.8 3.1 3.3 3.4 3.6 13

14 Distributed income of corporations (dividends) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Rents on land and natural resources 0.2 0.2 0.3 0.3 0.3 0.4 0.5 0.5 0.7 0.9 15

16 Less: Uses of property income (interest paid) 18.6 20.3 21.9 24.6 27.5 33.3 35.2 37.6 43.3 48.0 16

17 Net national income/Balance of primary incomes, net -5.0 -8.7 -9.2 -9.8 -12.6 -19.3 -20.1 -24.3 -28.0 -29.8 17

18 Plus: Current taxes on income, wealth, etc. (received) 80.2 90.3 94.7 112.8 128.2 119.8 119.6 139.8 153.2 172.0 18

19 Plus: Social benefits (received) 22.7 30.6 34.1 37.9 43.3 45.5 50.3 58.3 74.5 84.1 19

20 Less: Social contributions (paid) 27.7 30.3 37.1 42.4 46.3 56.4 66.9 73.8 85.7 104.6 20

21 Plus: Other current transfers (received) 0.9 1.0 1.0 1.0 1.0 1.0 0.9 1.1 1.0 1.1 21

22 Less: Other current transfers (paid) 10.1 13.4 14.9 16.4 18.2 23.2 28.2 37.7 38.9 40.9 22

23 Equals: Disposable income, net 61.0 69.5 68.5 83.1 95.3 67.5 55.8 63.3 76.2 81.8 23

24 Less: Final consumption expenditures 66.5 76.5 88.0 96.8 100.4 102.3 106.6 112.2 113.9 122.5 24

25 Equals: Net saving -5.5 -7.0 -19.5 -13.7 -5.1 -34.8 -50.8 -48.9 -37.7 -40.6 25

 Capital account

26 Net saving less capital transfers -6.7 -8.3 -20.7 -16.6 -7.4 -36.3 -52.2 -49.6 -38.6 -43.8 26

27 Net saving -5.5 -7.0 -19.5 -13.7 -5.1 -34.8 -50.8 -48.9 -37.7 -40.6 27

28 Less: Capital transfers paid (net) 1.2 1.3 1.2 2.9 2.3 1.6 1.4 0.7 0.9 3.1 28

29 Capital formation, net 7.2 9.7 9.3 6.1 5.1 2.6 -1.6 -1.4 -3.3 -4.7 29

 Gross fixed capital formation (acquisition of

30 produced nonfinancial assets) 26.7 30.1 31.9 31.1 30.7 30.5 27.8 29.3 31.7 35.7 30

31 Less: Consumption of fixed capital 20.0 21.0 22.4 24.1 25.8 27.6 29.0 30.1 31.7 34.7 31

32 Acquisition of nonproduced nonfinancial assets 0.5 0.6 -0.2 -0.9 0.1 -0.3 -0.4 -0.7 -3.2 -5.7 32

33 Net lending (+) or borrowing (-), capital account (lines 26-29) -13.9 -18.0 -30.0 -22.7 -12.5 -38.9 -50.5 -48.1 -35.3 -39.1 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) -13.9 -18.0 -30.0 -22.7 -12.5 -38.9 -50.5 -48.1 -35.3 -39.1 34

35 Net acquisition of financial assets 3.2 4.7 1.9 6.2 3.9 1.6 4.6 0.4 4.6 4.2 35

36 Monetary gold and SDRs -0.0 0.0 0.0 0.4 1.0 -0.3 -0.0 0.7 -0.0 0.1 36

37 Monetary gold -0.0 0.0 0.0 0.4 1.0 -1.2 -0.3 -0.0 0.0 -0.1 37

38 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 0.2 0.7 -0.0 0.2 38

39 Currency and deposits -1.3 -0.4 0.9 -0.8 1.9 2.3 1.8 -1.2 -1.4 -3.8 39

40 Official foreign currencies 0.2 0.3 0.5 0.6 -0.4 -1.1 -0.2 0.0 -0.1 0.0 40

41 Reserve position in IMF (net) 0.1 -0.5 0.1 0.9 1.0 -0.4 -1.3 -0.2 0.0 1.3 41

42 Currency and transferable deposits -1.6 -0.4 0.5 -2.3 1.6 3.5 3.5 -1.0 -1.8 -4.6 42

43 Time and savings deposits -0.0 -0.0 0.0 0.1 -0.2 0.3 0.1 0.1 -0.2 0.0 43

44 Nonofficial foreign currencies 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 44

45 Debt securities 0.0 1.3 -0.1 0.1 -1.3 -0.1 0.0 -0.0 -0.0 -0.0 45

46 Agency- and GSE-backed securities 0.0 1.3 -0.1 0.1 -1.3 -0.1 0.0 -0.0 -0.0 -0.0 46

47 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Loans 2.8 3.8 4.7 5.1 4.4 2.9 2.8 1.9 3.9 6.2 48

49 Short term 2.9 2.8 3.8 3.7 3.5 2.6 3.2 2.5 4.5 3.5 49

50 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Other loans and advances 2.9 2.8 3.8 3.7 3.5 2.6 3.2 2.5 4.5 3.5 51

52 Long term (mortgages) -0.0 1.0 0.9 1.4 1.0 0.3 -0.4 -0.7 -0.6 2.7 52

53 Equity and investment fund shares 0.1 0.1 0.1 -0.2 0.2 0.2 0.3 0.3 0.3 0.6 53

54 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Equity in international organizations 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 55

56 Equity in government-sponsored enterprises (1) -0.0 0.1 -0.0 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57
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S.7.a Federal Government

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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

58 Other accounts receivable 1.6 -0.2 -3.7 1.4 -2.3 -3.5 -0.3 -1.2 1.8 1.0 58

59 Trade receivables 0.4 1.2 1.5 0.6 0.9 -0.8 -1.7 -0.8 0.3 1.0 59

60 Taxes receivable 1.2 -1.4 -5.1 0.8 -3.2 -2.7 1.4 -0.4 1.5 -0.0 60

61 Other (miscellaneous assets) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 61

62 Net incurrence of liabilities 17.0 20.8 31.4 32.0 17.1 38.5 54.6 46.9 39.5 43.9 62

63 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 63

64 Currency and deposits 0.2 0.7 0.6 0.4 0.3 0.2 0.5 0.5 0.4 0.4 64

65 Debt securities 2.9 4.9 14.3 13.9 -1.6 14.9 27.8 18.1 9.2 14.7 65

66 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 66

67 Treasury securities including savings bonds 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 67

68 Federal agency securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 68

69 Nonmarketable securities held by pension plans 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 69

70 Loans (mortgages) 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 70

71 Insurance, pension and standardized guarantee schemes 13.3 14.6 15.8 17.0 18.9 23.1 25.8 27.4 29.3 29.4 71

72 Insurance reserves 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 72

73 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 73

74 Claims of pension fund on sponsor 13.2 14.5 15.7 17.0 18.9 22.9 25.8 27.2 29.2 29.2 74

75 Other accounts payable 0.6 0.6 0.8 0.7 -0.4 -0.5 -0.2 0.3 0.7 -0.5 75

76 Trade payables 0.6 0.8 0.7 -0.0 -0.1 -1.0 -1.0 0.3 1.1 -0.5 76

77 Other (miscellaneous liabilities) 0.0 -0.1 0.2 0.7 -0.4 0.5 0.8 0.0 -0.4 -0.0 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-62) -13.8 -16.1 -29.5 -25.8 -13.2 -36.9 -50.0 -46.5 -34.9 -39.7 78

 Other changes in volume account

79 Total other volume changes -1.3 -0.2 6.7 -1.7 1.1 -3.6 3.5 4.5 3.4 4.7 79

80 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 80

81 Other volume changes -1.4 -2.0 6.3 1.5 1.9 -5.7 2.9 2.9 3.1 5.3 81

82 Less: Statistical discrepancy (lines 33-82]) (2) -0.1 -1.9 -0.4 3.1 0.7 -2.1 -0.6 -1.7 -0.4 0.6 82

 Revaluation account

83 Nonfinancial assets 4.7 7.0 11.1 12.8 18.4 24.1 23.0 32.2 41.2 67.0 83

84 Structures 3.0 4.8 7.5 7.9 10.9 13.0 13.2 21.5 25.7 44.4 84

85 Equipment 1.5 1.9 2.7 2.8 3.7 5.9 5.7 6.5 6.4 10.5 85

86 Intellectual property products 0.2 0.3 0.9 2.1 3.7 5.2 4.1 4.1 9.0 12.0 86

87 Financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.1 87

88 Monetary gold and SDRs 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.0 88

89 Currency and deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 89

90 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 90

91 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 91

92 Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.0 92

93 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.0 93

94 Changes in net worth due to nominal holding gains/losses 4.7 7.0 11.1 12.8 18.4 24.1 22.9 32.2 41.2 67.0 94

 Changes in balance sheet account

95 Change in net worth (lines 29+33+79+94) -3.2 -1.4 -2.9 -5.4 12.1 -15.8 -25.8 -12.9 6.0 28.0 95

 Balance sheet account (end of period)

96 Total assets 323.8 343.5 371.9 397.6 425.6 454.6 482.1 515.8 561.4 635.9 96

97 Nonfinancial assets (3) 262.5 278.6 299.2 319.0 342.3 369.3 391.0 422.4 463.6 531.6 97

98 Structures 119.0 125.6 134.1 142.7 154.2 167.6 181.7 204.2 231.0 276.3 98

99 Equipment 92.6 95.5 100.3 103.2 105.6 109.8 109.8 111.0 113.0 121.3 99

100 Intellectual property products 50.9 57.5 64.8 73.1 82.4 91.9 99.5 107.3 119.6 134.0 100

101 Financial assets 61.3 64.9 72.7 78.6 83.3 85.3 91.1 93.3 97.8 104.3 101

102 Monetary gold and SDRs 0.3 0.1 0.1 0.5 1.5 1.2 1.3 2.0 2.3 2.4 102

103 Monetary gold 0.3 0.1 0.1 0.5 1.5 0.3 0.1 0.1 0.1 0.0 103

104 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 1.2 2.0 2.2 2.4 104
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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

105 Currency and deposits 12.0 11.6 13.0 12.2 14.2 16.5 18.3 18.0 17.8 14.2 105

106 Official foreign currencies 0.2 0.4 0.7 1.5 0.8 0.4 0.3 0.0 0.0 0.0 106

107 Reserve position in IMF (net) 0.9 0.4 0.5 1.3 2.4 2.0 0.7 0.5 0.6 1.9 107

108 Currency and transferable deposits 6.8 6.4 7.5 5.1 6.9 9.8 13.2 13.3 12.6 8.3 108

109 Time and savings deposits 0.3 0.2 0.3 0.4 0.2 0.5 0.5 0.6 0.4 0.5 109

110 Nonofficial foreign currencies 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 110

111 Debt securities 0.0 1.4 1.3 1.4 0.1 0.0 0.0 0.0 0.0 0.0 111

112 Agency- and GSE-backed securities 0.0 1.4 1.3 1.4 0.1 0.0 0.0 0.0 0.0 0.0 112

113 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 113

114 Loans 37.5 41.3 46.0 50.8 55.3 58.2 60.3 62.1 64.8 72.1 114

115 Short term 31.7 34.5 38.2 41.6 45.0 47.6 50.1 52.7 56.0 59.5 115

116 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 116

117 Other loans and advances 31.7 34.5 38.2 41.6 45.0 47.6 50.1 52.7 56.0 59.5 117

118 Long term (mortgages) 5.9 6.9 7.8 9.3 10.2 10.5 10.2 9.5 8.9 12.6 118

119 Equity and investment fund shares 1.5 1.6 1.7 1.5 1.7 1.9 2.2 2.5 2.8 3.4 119

120 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 120

121 Equity in international organizations 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 121

122 Equity in government-sponsored enterprises (1) 0.2 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122

123 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 123

124 Other accounts receivable 9.9 8.9 10.7 12.1 10.6 7.5 9.0 8.7 10.1 12.1 124

125 Trade receivables 3.1 4.4 5.8 6.4 7.3 6.6 4.9 4.0 4.3 5.3 125

126 Taxes receivable 6.8 4.5 4.8 5.7 3.3 0.9 4.1 4.7 5.8 6.8 126

127 Other (miscellaneous assets) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 127

128 Total liabilities and net worth 323.8 343.5 371.9 397.6 425.6 454.6 482.1 515.8 561.4 635.9 128

129 Liabilities 475.4 496.4 527.7 558.9 574.7 619.6 672.9 719.4 759.0 805.5 129

130 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 130

131 Currency and deposits 3.4 4.1 4.7 5.1 5.3 5.6 6.0 6.6 7.0 7.3 131

132 Debt securities 279.4 284.3 298.6 312.6 311.0 325.9 353.7 371.8 381.0 395.7 132

133 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 133

134 Treasury securities including savings bonds 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 134

135 Federal agency securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 135

136 Nonmarketable securities held by pension plans 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 136

137 Loans (mortgages) 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 137

138 Insurance, pension and standardized guarantee schemes 185.4 199.7 215.2 231.9 249.5 280.1 305.4 332.5 361.5 390.7 138

139 Insurance reserves 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 139

140 Retiree Health Care Funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 140

141 Claims of pension fund on sponsor 178.4 192.6 208.0 224.7 242.3 272.7 298.0 324.9 353.8 382.8 141

142 Other accounts payable 5.3 6.5 7.5 7.7 7.3 5.7 4.5 4.7 5.5 7.9 142

143 Trade payables 5.0 5.8 6.5 6.5 6.4 5.4 4.2 4.4 5.2 6.2 143

144 Other (miscellaneous liabilities) 0.2 0.7 1.0 1.2 0.9 0.3 0.3 0.3 0.3 1.7 144

145 Net worth -151.5 -153.0 -155.8 -161.3 -149.2 -165.0 -190.8 -203.7 -197.6 -169.7 145

Note. The Federal government accounts exclude Federal employee retirement funds.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.

IMF International Monetary Fund

SDRs Special Drawing Rights
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Historical Annuals, 1965-1974, March 6, 2014 141

S.8.a State and Local Governments

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Gross value added 51.6 57.2 63.1 71.4 79.8 90.2 101.1 112.2 123.5 137.1 1

 2 Less: Consumption of fixed capital 6.4 7.1 7.8 8.6 9.7 10.9 12.2 13.3 14.9 18.3 2

 3 Equals: Net value added 45.1 50.1 55.4 62.8 70.2 79.2 88.9 98.9 108.6 118.7 3

 4 Compensation of employees (paid) 43.6 48.6 53.9 61.4 68.9 78.0 87.8 97.7 107.4 118.2 4

 5 Wages and salaries 38.4 42.5 47.4 53.5 59.6 67.6 75.3 82.8 91.6 100.0 5

 6 Employers’ social contributions 5.1 6.1 6.6 7.9 9.4 10.4 12.5 14.8 15.8 18.1 6

 7 Operating surplus, net 1.6 1.5 1.4 1.3 1.3 1.3 1.1 1.2 1.2 0.6 7

 8 Net national income/Balance of primary incomes, net 44.6 47.9 52.0 58.3 65.1 72.0 78.6 85.5 94.1 101.3 8

 9 Operating surplus, net 1.6 1.5 1.4 1.3 1.3 1.3 1.1 1.2 1.2 0.6 9

10 Taxes on production and imports, receivable 45.3 48.8 52.8 59.5 66.0 73.3 81.5 89.4 97.4 104.8 10

11 Subsidies (paid) -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 11

12 Property income (received) 2.2 2.6 3.0 3.5 4.3 5.2 5.5 5.9 7.8 10.2 12

13 Interest 1.8 2.1 2.4 2.8 3.6 4.3 4.6 4.9 6.6 8.9 13

14 Distributed income of corporations (dividends) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Rents on land and natural resources 0.4 0.5 0.6 0.7 0.8 0.8 0.9 1.0 1.1 1.3 15

16 Less: Uses of property income (interest paid) 4.5 4.9 5.2 6.0 6.6 7.7 9.4 11.1 12.2 14.2 16

17 Net national income/Balance of primary incomes, net 44.6 47.9 52.0 58.3 65.1 72.0 78.6 85.5 94.1 101.3 17

18 Plus: Current taxes on income, wealth, etc. (received) 8.6 10.0 11.2 13.9 16.4 18.0 20.2 26.1 28.9 31.2 18

19 Plus: Social benefits (received) 0.8 0.8 0.9 0.9 1.0 1.1 1.2 1.3 1.5 1.7 19

20 Less: Social contributions (paid) 6.7 7.6 9.2 11.4 13.2 16.1 19.3 22.0 24.1 25.3 20

21 Plus: Other current transfers (received) 7.4 10.4 12.3 13.3 15.3 20.1 24.1 32.8 36.1 37.9 21

22 Equals: Disposable income, net 54.7 61.5 67.1 75.0 84.5 95.1 104.8 123.8 136.5 146.8 22

23 Less: Final consumption expenditures 50.6 56.4 62.4 70.7 80.4 92.1 104.2 115.4 126.8 144.5 23

24 Equals: Net saving 4.1 5.2 4.7 4.3 4.1 3.0 0.6 8.4 9.6 2.3 24

 Capital account

25 Net saving less capital transfers 8.8 10.3 9.8 11.1 10.9 9.2 7.6 15.7 17.0 11.5 25

26 Net saving 4.1 5.2 4.7 4.3 4.1 3.0 0.6 8.4 9.6 2.3 26

27 Less: Capital transfers paid (net) -4.7 -5.1 -5.1 -6.8 -6.8 -6.2 -7.0 -7.3 -7.3 -9.2 27

28 Capital formation, net 16.0 17.7 19.3 20.9 20.1 19.5 20.1 19.7 20.9 24.0 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 21.2 23.5 25.7 28.1 28.8 29.3 30.7 31.3 34.0 40.5 29

30 Less: Consumption of fixed capital 6.4 7.1 7.8 8.6 9.7 10.9 12.2 13.3 14.9 18.3 30

31 Acquisition of nonproduced nonfinancial assets 1.3 1.4 1.4 1.4 1.0 1.1 1.6 1.7 1.7 1.9 31

32 Net lending (+) or borrowing (-), capital account (lines 25-28) -7.2 -7.4 -9.5 -9.8 -9.2 -10.3 -12.5 -4.0 -3.9 -12.6 32

 Financial account

33 Net lending (+) or borrowing (-) (line 32) -7.2 -7.4 -9.5 -9.8 -9.2 -10.3 -12.5 -4.0 -3.9 -12.6 33

34 Net acquisition of financial assets 6.2 4.0 3.4 5.8 6.1 4.2 9.2 17.0 22.2 9.5 34

35 Currency and deposits 1.8 1.8 3.1 2.4 -3.9 8.9 8.0 7.3 6.6 5.2 35

36 Currency and transferable deposits -0.6 0.5 0.8 -0.7 1.9 -1.0 0.8 0.5 0.0 0.2 36

37 Time and savings deposits 2.4 1.3 2.3 3.1 -5.8 10.0 7.2 6.7 6.6 5.0 37

38 Debt securities 2.3 -0.2 0.0 3.6 4.5 -2.3 -2.8 5.3 8.0 4.1 38

39 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Treasury securities 2.2 0.6 -0.4 0.2 3.1 -0.1 -0.4 2.3 1.2 0.5 40

41 Agency- and GSE-backed securities (1) 0.2 -0.7 0.4 3.4 1.4 -2.3 -2.2 3.3 6.6 3.1 41

42 Municipal securities -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 42

43 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Loans 1.2 1.7 -0.4 -1.3 4.3 -3.1 1.6 1.3 3.1 0.7 44

45 Short term 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 45

46 Long term (mortgages) 0.2 0.2 0.1 0.2 0.5 0.9 1.1 1.4 1.7 2.5 46

47 Equity and investment fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

49 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

50 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Other accounts receivable 0.8 0.8 0.7 1.0 1.1 0.6 2.3 3.1 4.4 -0.4 51

52 Trade receivables 0.8 0.6 0.6 0.9 1.2 0.6 0.9 1.5 2.8 -2.0 52

53 Taxes receivable 0.1 0.0 0.1 0.2 0.0 0.1 1.2 1.8 1.6 1.7 53

54 Other (miscellaneous assets) -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 54
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1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

55 Net incurrence of liabilities 12.0 11.1 12.5 15.0 19.2 19.6 26.2 24.4 24.5 26.5 55

56 Debt securities (municipals) 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 56

57 Short term 0.6 0.7 1.8 0.1 2.8 2.3 2.5 0.1 0.3 2.7 57

58 Other 6.6 5.6 5.3 8.3 8.6 9.6 13.6 13.6 13.5 10.0 58

59 Loans (short term) 0.3 0.6 0.2 0.3 0.7 0.1 0.4 0.3 0.3 0.7 59

60 Insurance, pension and standardized guarantee schemes 3.1 2.7 3.5 4.3 5.0 5.4 7.4 8.0 7.7 9.8 60

 (Claim of pension funds on sponsor)

61 Other accounts payable (trade payables) 1.4 1.5 1.7 1.9 2.0 2.2 2.4 2.5 2.8 3.3 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 34-55) -5.8 -7.1 -9.1 -9.2 -13.1 -15.4 -17.1 -7.4 -2.3 -17.0 62

 Other changes in volume account

63 Total other volume changes 0.2 -2.2 1.7 -2.9 -7.3 -1.9 -11.9 -11.4 16.5 -13.0 63

64 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 64

65 Other volume changes -1.2 -2.5 1.3 -3.5 -3.4 3.2 -7.4 -8.0 14.9 -8.5 65

66 Less: Statistical discrepancy (lines 32-62) (2) -1.4 -0.3 -0.4 -0.6 3.9 5.1 4.6 3.4 -1.6 4.5 66

 Revaluation account

67 Nonfinancial assets 8.7 13.9 11.7 18.9 31.0 43.2 32.6 35.1 69.7 162.2 67

68 Structures 8.7 13.7 11.3 18.6 30.4 42.5 32.2 34.7 68.5 158.5 68

69 Equipment 0.1 0.2 0.3 0.3 0.5 0.6 0.3 0.3 0.9 3.3 69

70 Intellectual property products 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.3 0.4 70

71 Equity and investment fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 71

72 Changes in net worth due to nominal holding gains/losses 8.7 13.9 11.7 18.9 31.0 43.2 32.6 35.1 69.7 162.2 72

 Changes in balance sheet account

73 Change in net worth (lines 28+32+63+72) 17.7 22.1 23.2 27.1 34.6 50.5 28.3 39.4 103.2 160.7 73

 Balance sheet account (end of period)

74 Total assets 345.5 379.8 412.8 457.0 513.3 579.1 639.3 709.6 820.7 1014.6 74

75 Nonfinancial assets (3) 288.9 319.2 348.8 387.3 437.4 499.0 550.1 603.3 692.2 876.5 75

76 Structures 279.8 309.0 337.5 374.7 423.2 483.1 532.8 584.4 670.6 849.5 76

77 Equipment 7.7 8.6 9.6 10.6 11.8 13.2 14.2 15.4 17.5 22.3 77

78 Intellectual property products 1.3 1.5 1.8 2.0 2.4 2.8 3.1 3.5 4.1 4.7 78

79 Financial assets 56.6 60.6 64.0 69.8 75.8 80.1 89.2 106.3 128.5 138.0 79

80 Currency and deposits 22.0 23.8 26.9 29.3 25.4 34.3 42.4 49.6 56.3 61.4 80

81 Currency and transferable deposits 9.8 10.3 11.1 10.4 12.3 11.3 12.1 12.7 12.7 12.9 81

82 Time and savings deposits 12.2 13.5 15.7 18.9 13.1 23.0 30.2 37.0 43.6 48.5 82

83 Debt securities 24.8 24.6 24.6 28.3 32.8 30.5 27.7 33.1 41.1 45.2 83

84 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 84

85 Treasury securities 19.5 20.1 19.7 19.9 23.0 22.9 22.6 24.9 26.1 26.5 85

86 Agency- and GSE-backed securities (1) 3.1 2.4 2.8 6.2 7.5 5.2 3.0 6.3 13.0 16.0 86

87 Municipal securities 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 87

88 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 88

89 Loans 2.0 3.7 3.3 1.9 6.3 3.2 4.8 6.1 9.2 9.9 89

90 Short term -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 90

91 Long term (mortgages) 2.7 2.9 3.0 3.2 3.7 4.6 5.6 7.0 8.7 11.2 91

92 Equity and investment fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92

93 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 93

94 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 94

95 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 95

96 Other accounts receivable 7.8 8.6 9.3 10.3 11.5 12.1 14.4 17.5 21.9 21.5 96

97 Trade receivables 6.6 7.2 7.8 8.8 10.0 10.6 11.6 13.0 15.8 13.8 97

98 Taxes receivable 0.9 0.9 1.0 1.2 1.2 1.3 2.5 4.3 5.9 7.6 98

99 Other (miscellaneous assets) 0.3 0.5 0.5 0.4 0.3 0.2 0.3 0.2 0.2 0.1 99

100 Total liabilities and net worth 345.5 379.8 412.8 457.0 513.3 579.1 639.3 709.6 820.7 1014.6 100

101 Liabilities 148.9 161.2 171.0 188.1 209.7 225.0 257.0 287.8 295.7 329.0 101
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Historical Annuals, 1965-1974, March 6, 2014 143

S.8.a State and Local Governments

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

102 Debt securities (municipals) 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 102

103 Short term 5.5 6.2 8.0 8.1 10.9 13.3 15.7 15.8 16.1 18.8 103

104 Other 94.9 100.5 105.8 114.0 122.6 132.2 145.8 159.4 173.8 183.8 104

105 Loans (short term) 2.8 3.4 3.6 4.0 4.7 4.8 5.2 5.5 4.9 5.6 105

106 Insurance, pension and standardized guarantee schemes 32.5 36.3 37.1 43.6 51.1 52.1 65.3 79.5 70.6 87.1 106

 (Claim of pension funds on sponsor)

107 Other accounts payable (trade payables) 13.3 14.8 16.5 18.4 20.4 22.6 25.0 27.5 30.3 33.6 107

108 Net worth 196.5 218.6 241.8 269.0 303.5 354.0 382.3 421.8 524.9 685.6 108

Note. The state and local government accounts exclude state and local employee retirement funds.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.
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S.9.a Rest of the World 

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Current account

 1 Foreign income from U.S. 38.9 45.2 48.7 56.5 62.1 68.8 76.7 91.2 109.9 150.5 1

 2 U.S. imports of goods and services 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 2

 3 U.S. income payments to rest of world 2.6 3.0 3.3 4.0 5.7 6.4 6.4 7.7 10.9 14.3 3

 4 Current taxes and trans. payments to rest of world 4.7 5.1 5.5 5.9 5.9 6.6 7.9 9.2 7.9 8.7 4

 5 Less: Foreign outlays to U.S. 45.0 49.0 52.1 58.0 63.7 72.5 77.0 87.1 118.8 156.5 5

 6 U.S. exports of goods and services 37.1 40.9 43.5 47.9 51.9 59.7 63.0 70.8 95.3 126.7 6

 7 U.S. income receipts from rest of world 7.9 8.1 8.7 10.1 11.8 12.8 14.0 16.3 23.5 29.8 7

 8 Equals: Net saving (current external balance) -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.0 -8.9 -6.0 8

 Capital account

 9 Net saving -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.0 -8.9 -6.0 9

10 Less: Net capital transfers 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 10

11 Less: Acquisition of nonproduced nonfinancial assets 0.0 -0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Net lending (+) or borrowing (-), capital account (lines 9-10-11) -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.1 -8.8 -5.9 12

 Financial account

13 Net lending (+) or borrowing (-) (line 12) -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.1 -8.8 -5.9 13

14 Net acquisition of U.S. financial assets 2.5 4.1 8.4 10.9 11.4 8.3 24.9 22.4 16.2 27.9 14

15 Monetary gold and SDRs 1.7 0.6 1.2 1.2 -1.0 1.7 1.6 1.3 0.0 0.0 15

16 Monetary gold 1.7 0.6 1.2 1.2 -1.0 0.8 0.9 0.5 0.0 0.0 16

17 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 17

18 Currency and deposits 0.9 3.9 2.4 2.7 14.5 -7.1 -4.0 4.4 4.0 11.3 18

19 Currency 0.1 0.3 0.2 0.3 0.5 0.5 0.5 0.6 0.9 1.0 19

20 Transferable deposits 0.1 0.4 0.3 0.6 0.3 0.5 -0.2 1.6 2.9 2.8 20

21 Time deposits 0.6 0.3 1.3 -0.3 1.4 -1.7 0.3 2.9 2.8 7.7 21

22 Net interbank items due from U.S. banks 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -2.7 -0.2 22

23 Debt securities 0.5 -0.1 2.8 2.6 0.6 11.8 27.9 10.3 1.5 4.9 23

24 Open market paper 0.4 0.2 0.0 0.6 1.0 0.5 -0.2 -0.1 0.3 0.4 24

25 Treasury securities -0.3 -1.9 2.1 -0.7 -2.3 9.5 26.6 8.2 -0.2 4.0 25

26 Agency- and GSE-backed securities (1) 0.3 0.3 0.3 0.3 0.3 0.3 0.0 0.1 0.1 -0.5 26

27 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Corporate bonds 0.0 1.2 0.3 2.3 1.6 1.5 1.5 2.1 1.3 1.0 28

29 Loans (short term) 0.0 0.0 0.1 0.3 -0.2 -0.1 -0.0 0.1 0.4 0.2 29

30 Security repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 30

31 Loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 31

32 Security credit 0.0 0.0 0.1 0.3 -0.2 -0.1 -0.0 0.1 -0.0 -0.0 32

33 Equity and investment fund shares 0.0 0.1 1.4 2.9 2.8 2.2 1.2 3.4 5.6 5.0 33

34 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Corporate equities -0.4 -0.3 0.7 2.1 1.6 0.7 0.8 2.4 2.8 0.2 35

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

37 Foreign direct investment in the United States 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 37

38 Other accounts receivable -0.7 -0.4 0.5 1.2 -5.2 -0.2 -1.8 3.0 4.8 6.5 38

39 Trade receivables 0.2 0.6 0.7 1.5 1.0 1.6 -0.1 1.0 2.0 2.1 39

40 Other (miscellaneous assets) -0.9 -0.9 -0.1 -0.3 -6.3 -1.8 -1.6 2.0 2.8 4.4 40

41 Net incurrence of liabilities 7.4 7.8 10.8 12.0 10.3 10.4 13.7 14.8 20.7 27.4 41

42 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 0.2 0.7 -0.0 0.2 42

43 Currency and deposits 0.1 0.4 1.0 2.5 -0.3 -2.9 -1.5 0.6 1.6 0.6 43

44 Official foreign currencies 0.3 0.5 1.0 1.2 -0.8 -2.2 -0.4 0.0 -0.2 0.0 44

45 Reserve position in IMF (net) 0.1 -0.5 0.1 0.9 1.0 -0.4 -1.4 -0.2 0.0 1.3 45

46 U.S. private deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 46

47 Nonofficial foreign currencies 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 47

48 Debt securities 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.6 48

49 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 49

50 Bonds 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 50

51 Loans (short term) 2.1 1.2 2.8 1.9 1.9 1.9 4.2 3.5 5.2 11.2 51

52 Security repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Other loans and advances 1.5 1.2 3.0 2.0 2.4 2.1 2.1 0.4 2.6 6.6 53

54 Depository institution loans n.e.c. 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 54

55 Security debt 0.0 0.0 0.2 0.2 -0.2 0.0 0.0 0.1 -0.2 -0.0 55

56 Nonoff. foreign currencies (swap lines) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56
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57 Equity and investment fund shares 5.4 5.4 5.0 5.9 6.7 8.0 8.0 7.6 13.9 10.2 57

58 Corporate equities 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 58

59 U.S. government equity in IBRD, etc. 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 59

60 U.S. direct investment abroad 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 60

61 Investment by holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 1.0 61

62 Other accounts payable -0.6 0.1 0.8 0.6 1.0 1.6 1.8 1.3 -1.0 2.8 62

63 Trade payables -0.1 0.3 0.5 0.4 0.8 1.0 0.5 0.5 1.9 3.1 63

64 Other (miscellaneous liabilities) -0.6 -0.2 0.2 0.2 0.2 0.6 1.2 0.8 -2.8 -0.3 64

 Addendum:

65 Net lending, financial account (lines 14-41) -5.0 -3.7 -2.4 -1.0 1.1 -2.1 11.2 7.7 -4.5 0.5 65

 Other changes in volume account

66 Total other volume changes 1.2 0.1 1.1 0.5 2.7 1.6 11.5 3.6 4.3 6.4 66

67 Other volume changes 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 0.0 67

68 Less: Statistical discrepancy (lines 12-65) (2) -1.2 -0.1 -1.1 -0.5 -2.7 -1.6 -11.5 -3.6 -4.3 -6.4 68

 Revaluation account

69 Financial assets -0.5 -2.6 11.0 1.0 -4.0 -1.0 2.9 5.8 -35.4 18.2 69

70 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.0 70

71 Debt securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 71

72 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 72

73 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 73

74 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 74

75 Equity and investment fund shares 1.1 -1.7 12.2 1.9 -4.4 -0.2 2.8 6.0 -8.0 -9.8 75

76 Corporate equities 1.2 -1.7 12.2 1.9 -4.3 -0.2 2.8 5.8 -8.3 -9.8 76

77 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 77

78 Foreign direct investment in the United States -0.0 -0.0 0.1 -0.0 -0.0 0.1 0.0 0.2 0.3 0.0 78

79 Other accounts receivable (miscellaneous assets) 0.0 -0.3 -0.0 0.4 -0.6 -0.1 0.9 0.4 -27.5 28.1 79

80 Liabilities -0.4 -1.8 -0.9 0.8 -1.6 -0.1 -2.1 4.8 1.1 -1.6 80

81 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.0 81

82 Currency and deposits -0.0 0.0 0.1 0.0 0.1 0.0 0.0 -0.0 0.0 1.8 82

83 Official foreign currencies 0.0 0.0 0.0 0.0 0.1 0.0 0.0 -0.0 -0.1 -0.0 83

84 Reserve position in IMF (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 84

85 U.S. private deposits -0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 1.8 85

86 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 86

87 Debt securities (corporate bonds) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 87

88 Equity and investment fund shares 5.4 -2.5 2.6 3.5 3.4 3.1 2.8 17.2 -10.8 -0.5 88

89 Corporate equities -0.5 -0.7 0.8 0.7 -0.0 -0.6 0.9 3.3 -0.2 -0.5 89

90 U.S. direct investment abroad 5.9 -1.8 1.8 2.8 3.4 3.7 1.9 13.9 -10.6 0.0 90

91 Other accounts payable (miscellaneous liabilities) -5.8 0.7 -3.5 -2.7 -5.1 -3.2 -5.0 -12.5 11.8 -2.9 91

92 Changes in net worth due to nominal holding gains/losses -0.1 -0.7 11.9 0.2 -2.4 -0.9 4.9 1.0 -36.6 19.8 92

 Changes in balance sheet account

93 Change in net worth (lines 12+66+92) -5.1 -4.4 9.5 -0.8 -1.3 -3.0 16.1 8.7 -41.1 20.3 93

 Financial balance sheet account (end of period) (3)

94 Total financial assets 61.5 63.1 82.5 94.5 101.3 108.5 136.2 163.8 144.5 190.7 94

95 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 95

96 Currency and deposits 18.4 22.3 24.7 27.5 37.1 30.0 26.0 32.4 36.4 47.7 96

97 Currency 3.9 4.3 4.5 4.8 5.3 5.7 6.2 6.8 7.7 8.7 97

98 Transferable deposits 4.6 5.0 5.3 5.9 6.2 6.7 6.5 8.3 11.2 14.0 98

99 Time deposits 6.1 6.4 7.7 7.4 8.8 7.1 7.5 10.6 13.4 21.1 99

100 Net interbank items due from U.S. banks 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 4.1 3.9 100
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101 Debt securities 17.4 17.3 20.0 22.6 23.2 35.0 62.8 73.2 74.7 79.5 101

102 Open market paper 2.0 2.2 2.2 2.8 3.8 4.3 4.1 4.1 4.4 4.8 102

103 Treasury securities 13.1 11.2 13.2 12.6 10.2 19.7 46.3 54.5 54.3 58.3 103

104 Agency- and GSE-backed securities (1) 1.3 1.7 2.0 2.4 2.7 3.0 3.1 3.2 3.2 2.8 104

105 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 105

106 Corporate bonds 1.0 2.2 2.5 4.9 6.4 7.9 9.4 11.4 12.7 13.7 106

107 Loans (short term) 0.2 0.2 0.3 0.6 0.4 0.3 0.3 0.4 0.9 1.1 107

108 Security repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 108

109 Loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 109

110 Security credit 0.2 0.2 0.3 0.6 0.4 0.3 0.3 0.4 0.3 0.3 110

111 Equity and investment fund shares 23.1 21.6 35.2 40.0 38.4 40.4 44.4 53.8 51.4 46.5 111

112 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112

113 Corporate equities 14.6 12.6 25.5 29.5 26.8 27.2 30.8 39.1 33.5 23.9 113

114 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 114

115 Foreign direct investment in the United States 8.5 8.9 9.7 10.5 11.7 13.2 13.6 14.7 17.8 22.6 115

116 Other accounts receivable 2.4 1.7 2.2 3.8 2.1 1.9 0.9 1.5 -21.5 13.0 116

117 Trade receivables 2.1 2.7 3.3 4.8 5.8 7.4 7.1 8.0 9.7 11.8 117

118 Other (miscellaneous assets) 0.3 -0.9 -1.1 -1.0 -3.7 -5.5 -6.2 -6.5 -31.3 1.2 118

119 Total liabilities and net worth 61.5 63.1 82.5 94.5 101.3 108.5 136.2 163.8 144.5 190.7 119

120 Total liabilities 104.0 109.9 119.9 132.6 140.7 151.0 162.6 181.4 203.3 229.1 120

121 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 1.2 2.0 2.2 2.4 121

122 Currency and deposits 6.4 6.7 7.8 10.3 10.1 7.2 5.8 6.4 8.0 10.4 122

123 Official foreign currencies 0.8 1.3 2.3 3.5 2.8 0.6 0.3 0.2 0.0 0.0 123

124 Reserve position in IMF (net) 0.9 0.3 0.4 1.3 2.3 1.9 0.6 0.5 0.6 1.9 124

125 U.S. private deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 125

126 Nonofficial foreign currencies 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 126

127 Debt securities 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.6 127

128 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 128

129 Bonds 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 129

130 Loans (short term) 28.4 29.7 32.5 34.4 36.3 38.2 41.8 45.5 50.6 61.8 130

131 Security repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 131

132 Other loans and advances 21.2 22.5 25.5 27.6 30.0 32.1 34.2 34.7 37.3 43.9 132

133 Depository institution loans n.e.c. 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 133

134 Security debt 0.1 0.1 0.3 0.5 0.3 0.3 0.3 0.4 0.2 0.2 134

135 Nonoff. foreign currencies (swap lines) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 135

136 Equity and investment fund shares 61.7 64.7 72.2 81.6 91.7 102.9 113.7 138.5 141.6 151.3 136

137 Corporate equities 5.0 4.3 5.2 6.5 7.0 6.6 7.6 10.5 10.0 9.0 137

138 U.S. government equity in IBRD, etc. 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 138

139 U.S. direct investment abroad 55.4 59.0 65.6 73.7 83.1 94.3 103.9 125.5 126.2 135.3 139

140 Investment by holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 3.5 140

141 Other accounts payable -1.7 -1.0 -3.8 -5.9 -10.6 -12.2 -15.0 -26.9 -16.1 -16.2 141

142 Trade payables 2.6 2.9 3.4 3.8 4.6 5.6 6.1 6.6 8.5 11.5 142

143 Other (miscellaneous liabilities) -4.2 -3.9 -7.2 -9.7 -15.2 -17.8 -21.1 -33.5 -24.5 -27.8 143

144 Net worth (external account) -42.5 -46.9 -37.3 -38.2 -39.5 -42.5 -26.3 -17.7 -58.7 -38.5 144

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes nonfinancial assets, including nonproduced nonfinancial assets.

IBRD International Bank for Reconstruction and Development

IMF International Monetary Fund

SDRs Special Drawing Rights

n.e.c. Not elsewhere classified