L

e

v

els

66 Z.1, June 5, 2014

L.100 Households and Nonprofit Organizations (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 46662.4 49359.3 53806.9 54992.2 59434.1 66497.9 61547.3 62418.7 64286.4 66497.9 67219.0 1

 2 Deposits 8172.0 8090.0 8059.4 8736.8 9241.5 9572.3 9260.6 9246.4 9359.1 9572.3 9783.0 2

 3 Foreign deposits 56.9 50.2 49.7 46.9 45.1 48.4 46.5 51.3 51.0 48.4 43.6 3

 4 Checkable deposits and currency 294.9 396.0 423.6 752.0 897.8 1004.7 919.7 898.1 884.8 1004.7 1096.7 4

 5 Time and savings deposits 6239.3 6330.8 6455.9 6827.7 7191.2 7388.7 7238.7 7248.8 7333.4 7388.7 7551.6 5

 6 Money market fund shares 1580.9 1313.0 1130.2 1110.2 1107.4 1130.4 1055.7 1048.3 1089.9 1130.4 1091.1 6

 7 Credit market instruments 5156.0 5619.9 5834.0 5425.5 5422.2 5446.0 5339.7 5354.2 5328.7 5446.0 5262.8 7

 8 Open market paper 6.0 22.7 21.1 19.4 18.8 15.0 18.0 17.8 17.6 15.0 14.3 8

 9 Treasury securities 188.7 859.7 1134.4 715.6 941.0 935.4 966.2 1009.0 980.8 935.4 841.2 9

 10 Agency- and GSE-backed securities 1057.7 358.3 353.7 304.6 154.2 125.9 112.9 124.6 109.7 125.9 14.1 10

 11 Municipal securities 1720.9 1828.1 1871.8 1808.3 1665.8 1626.3 1676.1 1670.0 1644.9 1626.3 1603.7 11

 12 Corporate and foreign bonds 1946.5 2324.6 2248.3 2379.0 2468.8 2578.0 2394.8 2363.5 2409.4 2578.0 2626.2 12

 13 Other loans and advances (2) 29.7 26.8 26.2 23.4 20.9 25.9 22.7 24.0 24.5 25.9 27.2 13

 14 Mortgages 111.8 110.9 100.1 100.8 86.9 80.4 85.3 83.4 81.8 80.4 78.4 14

 15 Consumer credit (student loans) 94.6 88.8 78.4 74.5 65.6 59.1 63.8 61.9 60.0 59.1 57.8 15

 16 Corporate equities (3) 5931.0 7496.1 8995.3 9025.4 10412.8 13309.6 11456.2 11686.6 12472.2 13309.6 13502.0 16

 17 Mutual fund shares 3306.7 4115.8 4600.2 4502.9 5408.7 6890.1 5898.3 6095.7 6501.9 6890.1 7058.9 17

 18 Security credit 737.4 701.7 725.2 726.1 757.0 815.5 743.6 794.0 791.5 815.5 818.7 18

 19 Life insurance reserves 1049.8 1109.2 1137.2 1203.6 1186.1 1242.2 1194.8 1203.0 1227.7 1242.2 1256.7 19

 20 Pension entitlements (4) 14071.9 15209.5 16751.6 17126.1 18093.8 19563.8 18572.2 18766.0 19115.6 19563.8 19766.4 20

 21 Claims of pension fund on sponsor 3468.2 3210.8 3508.2 3861.0 3867.3 3295.8 3645.8 3745.9 3765.7 3295.8 3353.2 21

 22 Funded pension entitlements 10603.7 11998.7 13243.4 13265.1 14226.4 16268.0 14926.4 15020.1 15349.9 16268.0 16413.2 22

 23 Equity in noncorporate business 7471.3 6216.2 6895.6 7366.9 8038.4 8760.8 8209.8 8398.4 8608.8 8760.8 8868.9 23

 24 Miscellaneous assets 766.3 800.9 808.2 878.8 873.6 897.6 872.2 874.4 880.9 897.6 901.5 24

 25 Total liabilities 14278.2 14049.5 13766.5 13566.0 13626.8 13768.2 13575.6 13597.7 13711.5 13768.2 13784.8 25

 26 Credit market instruments 13849.6 13546.3 13214.8 13052.9 13044.2 13146.1 12987.6 13012.9 13116.2 13146.1 13147.5 26

 27 Home mortgages (5) 10579.0 10417.6 9912.7 9697.5 9481.7 9386.2 9432.0 9407.9 9416.1 9386.2 9349.1 27

 28 Consumer credit 2650.6 2552.8 2647.4 2755.9 2923.6 3097.4 2923.8 2966.4 3036.6 3097.4 3103.6 28

 29 Municipal securities 259.5 265.4 263.2 255.5 241.0 227.8 239.4 235.7 232.4 227.8 227.6 29

 30 Depository institution loans n.e.c. (6) 26.4 -15.9 61.0 11.5 62.6 92.7 56.3 64.6 92.3 92.7 124.4 30

 31 Other loans and advances 133.2 133.7 136.1 138.1 139.3 141.3 139.4 140.7 140.9 141.3 141.3 31

 32 Commercial mortgages 200.9 192.6 194.3 194.3 195.9 200.8 196.7 197.5 197.9 200.8 201.6 32

 33 Security credit 164.8 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 351.7 33

 34 Trade payables 236.7 278.2 248.8 250.0 254.0 255.0 254.3 254.5 254.8 255.0 256.0 34

 35 Deferred and unpaid life insurance premiums 27.0 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 29.6 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 24.

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

e

v

els

Z.1, June 5, 2014 67

L.101 Nonfinancial Business (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 16630.0 16909.9 17761.5 18267.6 19093.3 20228.0 19332.5 19606.4 19873.5 20228.0 20342.9 1

 2 Foreign deposits 24.7 31.5 40.6 34.8 35.8 80.6 47.6 61.7 64.9 80.6 64.5 2

 3 Checkable deposits and currency 603.6 689.3 766.1 793.5 823.2 927.4 842.6 822.7 869.6 927.4 861.4 3

 4 Time and savings deposits 670.0 842.1 905.0 922.1 964.0 1031.6 973.8 991.7 1030.7 1031.6 1044.7 4

 5 Money market fund shares 802.4 729.2 574.7 540.0 559.3 601.9 554.9 552.6 584.1 601.9 578.1 5

 6 Security repurchase agreements 7.2 7.9 12.1 12.6 9.7 8.8 9.3 8.7 12.5 8.8 10.6 6

 7 Credit market instruments 308.8 312.2 325.2 319.1 310.5 260.6 276.9 278.5 271.7 260.6 261.6 7

 8 Commercial paper 57.3 56.0 68.0 67.9 59.8 30.3 56.2 50.2 42.0 30.3 32.9 8

 9 Treasury securities 82.3 89.1 96.1 91.6 88.8 90.8 82.4 87.9 88.6 90.8 88.7 9

 10 Agency- and GSE-backed securities 10.2 14.3 16.0 14.3 13.2 8.4 6.0 7.7 7.8 8.4 7.7 10

 11 Municipal securities 31.1 32.2 29.6 28.0 29.8 17.5 20.2 20.4 20.6 17.5 20.0 11

 12 Mortgages 72.8 67.5 70.1 70.0 69.7 70.0 69.6 69.7 69.8 70.0 69.9 12

 13 Consumer credit 55.2 53.2 45.5 47.4 49.2 43.5 42.4 42.6 42.8 43.5 42.4 13

 14 Mutual fund shares 106.3 162.0 186.8 165.9 180.1 211.4 189.3 191.0 199.8 211.4 212.2 14

 15 Trade receivables 2608.3 2550.8 2689.9 2779.5 2870.7 3020.9 2983.6 3072.0 3100.2 3020.9 3101.2 15

 16 Miscellaneous assets 11498.7 11584.8 12261.1 12700.2 13340.0 14084.7 13454.5 13627.5 13739.9 14084.7 14208.4 16

 17 Total liabilities 19019.5 18634.6 18902.3 19633.2 20767.2 21791.2 20951.3 21198.7 21515.8 21791.2 21942.1 17

 18 Credit market instruments 11660.5 11317.0 11404.8 11943.0 12734.0 13604.4 12879.3 13137.3 13394.2 13604.4 13857.0 18

 19 Commercial paper 131.5 58.4 82.9 116.3 130.3 144.5 140.1 147.2 171.2 144.5 180.2 19

 20 Municipal securities 415.0 452.2 485.4 493.9 509.1 518.5 510.4 515.0 516.4 518.5 517.7 20

 21 Corporate bonds 3954.5 4366.2 4804.8 5215.6 5795.2 6435.5 5940.0 6082.7 6269.0 6435.5 6601.0 21

 22 Depository institution loans n.e.c. 1826.1 1490.1 1404.6 1530.2 1680.1 1776.1 1680.9 1715.3 1732.9 1776.1 1787.1 22

 23 Other loans and advances 1561.4 1311.1 1118.9 1179.7 1217.4 1232.9 1217.2 1256.9 1247.6 1232.9 1258.3 23

 24 Mortgages 3772.0 3639.1 3508.2 3407.3 3401.8 3496.9 3390.7 3420.1 3457.1 3496.9 3512.7 24

 25 Trade payables 2053.4 1987.6 2174.2 2207.3 2289.4 2415.1 2320.4 2360.4 2392.9 2415.1 2439.9 25

 26 Taxes payable 145.1 135.6 142.0 152.0 156.3 150.0 163.6 151.8 154.8 150.0 151.6 26

 27 Miscellaneous liabilities 5160.5 5194.3 5181.2 5331.0 5587.5 5621.7 5588.1 5549.1 5573.9 5621.7 5493.5 27

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

e

v

els

68 Z.1, June 5, 2014

L.102 Nonfinancial Corporate Business

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 12936.9 13333.8 14033.7 14523.2 15275.1 16325.9 15510.1 15757.1 15999.1 16325.9 16427.9 1

 2 Foreign deposits 24.7 31.5 40.6 34.8 35.8 80.6 47.6 61.7 64.9 80.6 64.5 2

 3 Checkable deposits and currency 84.2 155.0 234.6 264.3 279.4 374.0 298.8 275.6 319.5 374.0 306.7 3

 4 Time and savings deposits 311.9 488.8 548.7 561.9 598.8 657.3 607.9 623.0 659.3 657.3 668.9 4

 5 Money market fund shares 727.0 655.5 497.8 462.4 480.6 521.1 476.0 473.1 504.0 521.1 497.1 5

 6 Security repurchase agreements 7.2 7.9 12.1 12.6 9.7 8.8 9.3 8.7 12.5 8.8 10.6 6

 7 Credit market instruments 213.0 223.1 229.4 222.3 212.3 160.0 178.6 179.5 171.8 160.0 160.6 7

 8 Commercial paper 57.3 56.0 68.0 67.9 59.8 30.3 56.2 50.2 42.0 30.3 32.9 8

 9 Treasury securities 30.5 43.0 48.0 43.0 39.5 40.3 33.1 38.2 38.5 40.3 38.0 9

 10 Agency- and GSE-backed securities 10.2 14.3 16.0 14.3 13.2 8.4 6.0 7.7 7.8 8.4 7.7 10

 11 Municipal securities 26.2 27.1 23.9 22.3 24.0 11.6 14.5 14.5 14.7 11.6 14.0 11

 12 Mortgages 33.6 29.5 28.0 27.4 26.6 25.8 26.4 26.2 26.0 25.8 25.6 12

 13 Consumer credit 55.2 53.2 45.5 47.4 49.2 43.5 42.4 42.6 42.8 43.5 42.4 13

 14 Mutual fund shares 106.3 162.0 186.8 165.9 180.1 211.4 189.3 191.0 199.8 211.4 212.2 14

 15 Trade receivables 2085.7 2054.5 2156.5 2240.3 2324.0 2460.5 2435.9 2520.0 2544.2 2460.5 2538.6 15

 16 Miscellaneous assets 9376.9 9555.5 10127.0 10558.6 11154.4 11852.1 11266.8 11424.6 11522.9 11852.1 11968.7 16

 17 U.S. direct investment abroad (1) 3011.1 3245.1 3402.9 3795.6 4136.4 4421.6 4170.2 4234.4 4333.4 4421.6 4516.1 17

 18 Insurance receivables 311.1 307.1 319.0 329.0 336.5 336.4 334.9 336.8 337.1 336.4 337.2 18

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

 20 Investment in finance company subs. 80.5 71.2 60.7 69.1 71.7 86.4 85.7 86.9 87.1 86.4 89.2 20

 21 Other 5973.8 5931.6 6343.8 6364.4 6609.2 7007.1 6675.3 6766.0 6764.8 7007.1 7025.4 21

 22 Total liabilities 13225.1 12904.6 13227.9 13879.6 14907.8 15781.2 15085.2 15284.8 15554.2 15781.2 15902.2 22

 23 Credit market instruments 7567.2 7332.5 7455.0 7958.0 8662.4 9407.1 8808.8 9024.0 9242.0 9407.1 9630.5 23

 24 Commercial paper 131.5 58.4 82.9 116.3 130.3 144.5 140.1 147.2 171.2 144.5 180.2 24

 25 Municipal securities (2) 415.0 452.2 485.4 493.9 509.1 518.5 510.4 515.0 516.4 518.5 517.7 25

 26 Corporate bonds (1) 3954.5 4366.2 4804.8 5215.6 5795.2 6435.5 5940.0 6082.7 6269.0 6435.5 6601.0 26

 27 Depository institution loans n.e.c. 780.1 546.0 477.4 546.3 608.1 654.2 604.2 621.0 627.0 654.2 653.8 27

 28 Other loans and advances (3) 1384.0 1139.1 948.3 1008.5 1036.9 1047.2 1037.1 1076.3 1066.1 1047.2 1071.6 28

 29 Mortgages 902.2 770.6 656.2 577.4 582.7 607.2 577.0 581.8 592.4 607.2 606.2 29

 30 Trade payables 1672.7 1590.2 1746.5 1771.7 1854.9 1973.0 1882.0 1919.9 1950.4 1973.0 1996.4 30

 31 Taxes payable 39.0 35.7 42.9 51.7 54.0 43.9 60.9 48.1 50.0 43.9 45.0 31

 32 Miscellaneous liabilities 3946.2 3946.2 3983.5 4098.3 4336.6 4357.2 4333.5 4292.8 4311.8 4357.2 4230.3 32

 33 Foreign direct investment in U.S. 2050.3 1986.4 2128.7 2313.3 2474.4 2604.4 2485.8 2507.4 2531.6 2604.4 2668.0 33

 34 Pension fund contributions payable 84.0 75.6 91.1 94.0 93.2 92.2 93.4 93.5 93.2 92.2 92.0 34

 35 Claims of pension fund on sponsor 677.4 497.6 446.5 486.6 440.2 187.7 349.7 335.6 265.7 187.7 165.8 35

 36 Other 1134.5 1386.6 1317.2 1204.3 1328.9 1473.0 1404.6 1356.3 1421.4 1473.0 1304.6 36

 Memo:

 37 Trade receivables net of payables 412.9 464.3 410.0 468.6 469.0 487.5 553.9 600.1 593.8 487.5 542.2 37

 38 Market value of equities 10016.6 12512.2 14371.6 14501.0 16132.4 20952.4 17855.2 18178.3 19367.6 20952.4 21222.4 38

 39 Securities and mortgages 5271.7 5588.9 5946.4 6286.9 6887.0 7561.2 7027.4 7179.5 7377.8 7561.2 7724.9 39

 40 Loans and short-term paper 2295.6 1743.6 1508.6 1671.1 1775.3 1845.9 1781.4 1844.5 1864.2 1845.9 1905.6 40

 41 Total short-term liabilities (4) 4007.3 3369.5 3298.0 3494.4 3684.2 3862.8 3724.3 3812.5 3864.6 3862.8 3947.0 41

 42 Total liquid assets (5) 1385.4 1641.1 1676.7 1649.4 1721.0 1944.0 1738.6 1743.7 1863.2 1944.0 1852.7 42

 Analytical measures (percent)

 43 Long-term debt/credit market debt 69.7 76.2 79.8 79.0 79.5 80.4 79.8 79.6 79.8 80.4 80.2 43

 44 Short-term debt/credit market debt 30.3 23.8 20.2 21.0 20.5 19.6 20.2 20.4 20.2 19.6 19.8 44

 45 Liquid assets/short-term liabilities 34.6 48.7 50.8 47.2 46.7 50.3 46.7 45.7 48.2 50.3 46.9 45

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

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

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

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

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
L

e

v

els

Z.1, June 5, 2014 69

L.103 Nonfinancial Noncorporate Business

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3693.1 3576.1 3727.8 3744.5 3818.3 3902.1 3822.4 3849.3 3874.4 3902.1 3915.0 1

 2 Checkable deposits and currency 519.4 534.3 531.5 529.1 543.8 553.4 543.9 547.1 550.1 553.4 554.8 2

 3 Time and savings deposits 358.1 353.3 356.2 360.1 365.2 374.3 365.8 368.7 371.4 374.3 375.8 3

 4 Money market fund shares 75.4 73.7 76.8 77.7 78.8 80.7 78.9 79.5 80.1 80.7 81.0 4

 5 Credit market instruments 95.8 89.1 95.8 96.8 98.2 100.6 98.3 99.1 99.8 100.6 101.0 5

 6 Treasury securities 51.8 46.1 48.1 48.6 49.3 50.5 49.4 49.7 50.1 50.5 50.7 6

 7 Municipal securities 4.9 5.1 5.6 5.7 5.8 5.9 5.8 5.8 5.9 5.9 5.9 7

 8 Mortgages 39.1 37.9 42.1 42.5 43.1 44.2 43.2 43.5 43.9 44.2 44.4 8

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

 10 Trade receivables 522.7 496.3 533.4 539.2 546.8 560.4 547.7 552.0 556.0 560.4 562.6 10

 11 Miscellaneous assets 2121.8 2029.3 2134.1 2141.6 2185.6 2232.6 2187.8 2202.9 2217.0 2232.6 2239.7 11

 12 Insurance receivables 111.5 101.7 131.4 119.8 134.9 129.3 133.0 132.2 130.9 129.3 128.6 12

 13 Equity investment in GSEs (1) 6.4 6.3 6.7 7.0 7.2 7.8 7.1 7.4 7.6 7.8 8.0 13

 14 Other 2003.9 1921.3 1996.0 2014.8 2043.6 2095.6 2047.7 2063.4 2078.5 2095.6 2103.1 14

 15 Total liabilities 5794.4 5730.0 5674.4 5753.6 5859.4 6010.0 5866.1 5913.9 5961.6 6010.0 6039.9 15

 16 Credit market instruments 4093.2 3984.5 3949.8 3985.0 4071.6 4197.3 4070.4 4113.3 4152.2 4197.3 4226.5 16

 17 Depository institution loans n.e.c. 1046.1 944.0 927.2 983.9 1072.0 1121.9 1076.7 1094.4 1106.0 1121.9 1133.3 17

 18 Other loans and advances 177.3 172.0 170.6 171.2 180.6 185.7 180.1 180.6 181.5 185.7 186.7 18

 19 Mortgages 2869.9 2868.5 2852.0 2829.9 2819.1 2889.7 2813.7 2838.3 2864.7 2889.7 2906.5 19

 20 Trade payables 380.6 397.4 427.7 435.5 434.4 442.1 438.5 440.5 442.5 442.1 443.5 20

 21 Taxes payable 106.2 99.9 99.2 100.3 102.4 106.1 102.6 103.8 104.9 106.1 106.7 21

 22 Miscellaneous liabilities 1214.3 1248.1 1197.7 1232.7 1250.9 1264.5 1254.5 1256.3 1262.1 1264.5 1263.2 22

(1) Equity in the Farm Credit System.
L

e

v

els

70 Z.1, June 5, 2014

L.104 State and Local Governments (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 2617.8 2662.0 2750.3 2733.1 2837.1 2894.9 2887.5 2910.4 2883.9 2894.9 2909.4 1

 2 Checkable deposits and currency 79.8 99.0 104.7 121.5 117.8 124.3 115.1 112.4 116.0 124.3 121.0 2

 3 Time and savings deposits 238.3 248.0 241.6 256.8 289.8 302.5 293.9 292.1 299.7 302.5 307.7 3

 4 Money market fund shares 125.7 135.5 149.2 152.6 158.0 162.9 161.7 164.2 163.3 162.9 164.8 4

 5 Security repurchase agreements 129.8 125.5 124.1 120.5 125.2 129.6 128.2 130.4 129.8 129.6 131.2 5

 6 Credit market instruments 1557.7 1520.1 1581.2 1528.4 1558.2 1529.7 1578.2 1590.2 1544.0 1529.7 1527.1 6

 7 Open market paper 127.5 88.4 101.4 90.2 83.0 75.2 82.4 81.1 78.0 75.2 73.6 7

 8 Treasury securities 601.4 584.0 590.8 558.1 597.3 583.0 606.0 613.8 584.0 583.0 579.9 8

 9 Agency- and GSE-backed securities 478.3 488.0 510.5 502.6 492.6 480.1 497.1 497.9 488.2 480.1 479.0 9

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

 11 Corporate and foreign bonds 152.8 156.1 163.5 162.7 166.0 168.7 169.2 171.3 169.7 168.7 170.1 11

 12 Mortgages 187.3 192.2 202.2 201.7 205.8 209.1 209.8 212.3 210.4 209.1 210.9 12

 13 Corporate equities 90.8 111.4 125.7 124.4 138.4 165.0 149.4 152.6 156.9 165.0 167.2 13

 14 Mutual fund shares 36.2 48.3 58.1 58.9 66.1 79.8 71.8 73.4 75.7 79.8 80.9 14

 15 Trade receivables 143.7 139.1 152.2 154.5 160.3 169.1 162.4 165.2 167.5 169.1 170.8 15

 16 Taxes receivable 123.0 117.1 117.8 120.0 121.3 123.8 121.8 122.6 123.4 123.8 128.6 16

 17 Miscellaneous assets 92.9 118.1 95.6 95.4 101.8 108.1 104.9 107.4 107.6 108.1 110.1 17

 18 Total liabilities 4702.0 4714.6 5046.4 5325.9 5364.1 5055.5 5246.9 5253.2 5178.9 5055.5 5100.7 18

 19 Credit market instruments 2855.4 2968.4 3038.0 2985.3 2980.0 2941.1 2994.9 2986.4 2953.1 2941.1 2931.8 19

 20 Municipal securities 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 20

 21 Short-term (2) 55.8 63.6 63.0 52.3 56.1 45.3 54.5 39.4 46.0 45.3 43.0 21

 22 Long-term 2786.9 2891.3 2960.6 2917.6 2908.2 2879.6 2924.4 2931.0 2891.0 2879.6 2872.5 22

 23 U.S. government loans 12.7 13.5 14.4 15.3 15.7 16.2 16.0 16.0 16.1 16.2 16.3 23

 24 Trade payables 591.6 630.5 669.0 707.4 746.5 786.1 756.3 766.2 776.1 786.1 796.1 24

 25 Claims of pension fund on sponsor (3) 1255.0 1115.7 1339.4 1633.2 1637.5 1328.2 1495.7 1500.7 1449.7 1328.2 1372.8 25

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

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

(3) Included in miscellaneous liabilities.
L

e

v

els

Z.1, June 5, 2014 71

L.105 Federal Government

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1292.4 1387.1 1611.5 1404.0 1505.3 1701.2 1535.2 1608.9 1606.6 1701.2 1727.0 1

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

 3 Checkable deposits and currency 368.0 193.6 342.1 84.3 92.0 162.9 79.4 135.2 88.5 162.9 142.4 3

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

 5 Credit market instruments 397.2 706.3 793.5 812.7 917.6 1043.1 964.7 981.7 1023.4 1043.1 1086.2 5

 6 Agency- and GSE-backed securities 54.4 196.4 149.2 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.0 0.6 0.9 0.8 0.6 0.6 0.6 0.6 0.6 0.6 0.5 7

 8 Other loans and advances 111.8 177.9 181.4 186.3 188.7 197.2 191.3 193.4 195.3 197.2 198.8 8

 9 Mortgages 95.8 108.4 105.8 109.9 111.5 115.5 113.3 113.2 114.1 115.5 116.0 9

 10 Consumer credit (1) 135.1 223.1 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 770.9 10

 11 Corporate equities (2) 188.7 67.4 49.9 57.8 39.9 35.1 38.6 37.9 35.3 35.1 34.9 11

 12 Trade receivables 64.7 43.6 42.9 47.7 50.3 48.8 48.7 52.0 50.6 48.8 48.8 12

 13 Taxes receivable 119.4 133.9 144.3 152.8 158.6 165.8 160.4 162.2 164.0 165.8 167.6 13

 14 Miscellaneous assets 110.8 145.8 141.4 143.1 142.0 147.7 142.7 139.8 143.6 147.7 149.7 14

 15 Total liabilities 9424.3 11003.5 12802.1 13988.3 15245.9 16123.5 15611.5 15622.9 15820.4 16123.5 16415.3 15

 16 SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 16

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

 18 Treasury currency 26.6 26.2 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 18

 19 Credit market instruments 6361.5 7805.4 9385.6 10453.6 11593.7 12352.8 11930.1 11912.9 11981.9 12352.8 12614.8 19

 20 U.S. savings securities 194.1 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 20

 21 Treasury bills 1861.2 1787.9 1768.9 1519.5 1626.5 1590.6 1788.2 1568.1 1527.9 1590.6 1650.2 21

 22 Other Treasury securities 4282.9 5802.7 7404.6 8723.6 9759.9 10558.5 9935.5 10138.9 10248.8 10558.5 10762.2 22

 23 Budget agency securities 23.3 23.5 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 23

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

 25 Trade payables 260.8 204.6 210.9 220.3 235.5 253.8 245.1 253.7 258.2 253.8 262.0 25

 26 Insurance reserves 46.4 47.5 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 26

 27 Miscellaneous liabilities 2719.3 2859.2 3071.6 3179.4 3281.2 3381.5 3302.1 3321.8 3445.2 3381.5 3402.8 27

 28 Nonmarketable securities held by pension plans (3) 1015.3 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 28

 29 Claims of pension fund on sponsor 1535.8 1597.6 1722.2 1741.1 1789.6 1780.0 1800.3 1909.6 2050.3 1780.0 1814.7 29

 30 Other 168.2 184.4 206.5 224.6 237.5 249.2 236.3 233.8 233.4 249.2 248.4 30

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

 the government purchased from depository institutions and finance companies.

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

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

 retirement fund, and foreign service retirement and disability fund.
L

e

v

els

72 Z.1, June 5, 2014

L.106 Rest of the World

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 15386.1 16021.0 17676.0 19288.1 20644.3 22570.5 21392.1 21513.6 21958.0 22570.5 22970.8 1

 2 SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 2

 3 Net interbank assets 287.9 86.0 24.2 238.1 102.1 392.2 197.6 481.0 440.6 392.2 440.4 3

 4 U.S. checkable deposits and currency 370.1 361.0 390.5 472.3 540.6 590.0 543.2 551.5 573.9 590.0 618.4 4

 5 U.S. time deposits 366.7 293.5 302.5 349.7 386.8 435.5 385.8 392.3 412.8 435.5 447.2 5

 6 Money market fund shares 69.7 76.9 69.8 79.5 99.7 164.0 102.1 152.9 156.8 164.0 163.8 6

 7 Security repurchase agreements 623.3 561.5 635.8 763.1 765.7 822.0 821.1 791.8 794.4 822.0 870.0 7

 8 Credit market instruments 7523.7 7723.4 8491.8 9029.7 9606.3 9806.8 9735.3 9484.2 9638.2 9806.8 10057.6 8

 9 Open market paper 232.9 191.5 191.0 191.7 195.2 197.2 203.9 200.2 187.3 197.2 199.5 9

 10 Treasury securities 3253.0 3670.6 4458.8 5006.9 5573.8 5803.8 5721.8 5594.4 5654.7 5803.8 5960.1 10

 11 Official 2400.5 2879.6 3364.8 3620.6 4032.2 4056.3 4090.7 4009.2 4017.0 4056.3 4088.9 11

 12 Private 852.5 791.0 1094.1 1386.3 1541.6 1747.5 1631.1 1585.2 1637.7 1747.5 1871.2 12

 13 Agency- and GSE-backed securities 1406.9 1154.9 1084.0 1080.6 1016.4 882.2 957.4 897.3 924.4 882.2 897.5 13

 14 Official 940.5 749.0 661.2 639.2 511.1 470.7 487.0 468.9 488.8 470.7 468.4 14

 15 Private 466.4 405.9 422.8 441.4 505.3 411.5 470.4 428.4 435.6 411.5 429.1 15

 16 Municipal securities 51.0 58.7 71.7 70.3 67.9 69.6 66.5 69.4 71.6 69.6 74.1 16

 17 U.S. corporate bonds (1) 2353.5 2465.3 2524.0 2484.0 2609.2 2718.9 2644.1 2570.5 2661.1 2718.9 2781.2 17

 18 Loans to U.S. corporate business 226.4 182.5 162.3 196.1 143.9 135.2 141.6 152.4 139.1 135.2 145.3 18

 19 U.S. corporate equities 1807.1 2476.7 2962.2 3035.3 3467.6 4670.4 3903.2 4008.2 4276.3 4670.4 4840.1 19

 20 Mutual fund shares 255.6 364.1 513.8 735.6 987.1 1036.0 1010.1 965.9 990.2 1036.0 1034.3 20

 21 Trade receivables 90.1 96.7 116.4 134.2 145.6 155.4 150.0 155.2 158.8 155.4 166.4 21

 22 Miscellaneous assets 3984.4 3925.9 4114.7 4396.5 4488.5 4443.8 4490.9 4477.5 4461.9 4443.8 4278.0 22

 23 Foreign direct investment in U.S. (2) 2397.4 2398.2 2623.6 2879.5 3057.3 3178.7 3074.6 3101.3 3130.5 3178.7 3249.0 23

 24 Other 1587.0 1527.7 1491.1 1517.0 1431.1 1265.1 1416.3 1376.2 1331.3 1265.1 1029.0 24

 25 Total liabilities 8990.8 9340.1 10047.8 10562.6 10887.3 11080.0 11036.3 11042.3 11220.5 11080.0 11045.1 25

 26 U.S. official reserve assets (3) 66.6 119.7 121.4 129.6 127.5 119.9 122.5 121.4 123.1 119.9 119.6 26

 27 U.S. private deposits 946.7 835.9 826.6 780.3 750.1 805.9 774.3 853.1 848.1 805.9 766.0 27

 28 Security repurchase agreements 508.4 530.5 731.8 808.0 847.7 738.9 830.1 790.1 802.4 738.9 793.3 28

 29 Credit market instruments 1753.2 2131.1 2314.0 2513.8 2784.1 2923.2 2860.6 2790.1 2832.1 2923.2 3003.3 29

 30 Commercial paper 342.0 401.3 398.6 345.1 373.0 407.0 407.4 417.4 405.9 407.0 413.8 30

 31 Bonds 1237.3 1570.3 1731.3 1939.9 2140.7 2204.1 2174.6 2087.0 2129.4 2204.1 2263.7 31

 32 Depository institution loans n.e.c. 152.4 137.5 162.0 205.2 237.7 276.7 246.0 252.2 262.5 276.7 290.4 32

 33 Official 4.6 4.5 6.6 5.4 6.2 7.1 6.1 6.1 6.6 7.1 6.4 33

 34 Banks 42.6 37.4 53.0 69.8 70.4 90.5 76.2 80.5 86.8 90.5 92.0 34

 35 Other 105.2 95.6 102.4 130.0 161.0 179.1 163.6 165.7 169.1 179.1 192.0 35

 36 Other loans and advances 21.6 21.9 22.1 23.5 32.8 35.5 32.7 33.6 34.4 35.5 35.5 36

 37 Trade payables 63.2 69.3 95.1 63.0 69.3 60.7 69.2 70.9 71.8 60.7 49.2 37

 38 Miscellaneous liabilities 5652.7 5653.5 5958.8 6268.0 6308.5 6431.3 6379.6 6416.6 6543.0 6431.3 6313.7 38

 39 U.S. equity in IBRD, etc. 48.3 50.0 52.3 54.9 57.3 59.5 57.3 59.4 59.4 59.5 58.8 39

 40 Nonofficial foreign currencies 554.2 10.9 0.8 100.5 9.5 0.6 8.6 2.3 1.1 0.6 0.8 40

 41 U.S. direct investment abroad (1,2) 3748.5 4077.4 4273.6 4663.1 5077.8 5366.0 5123.8 5194.6 5309.6 5366.0 5463.8 41

 42 Investment by holding companies 101.5 125.1 135.6 166.3 114.7 85.7 137.2 100.7 127.3 85.7 95.8 42

 43 Other 1200.1 1390.2 1496.5 1283.2 1049.2 919.4 1052.7 1059.6 1045.6 919.4 694.6 43

 Memo:

 44 Market value of foreign equities 2748.4 3995.3 4900.2 4501.4 5390.5 6511.5 5648.7 5632.1 6157.5 6511.5 6653.9 44

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
L

e

v

els

Z.1, June 5, 2014 73

L.107 Financial Business (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 67402.7 68450.7 69528.1 71143.3 75377.9 81269.4 77221.6 78009.4 79711.2 81269.4 82057.2 1

 2 U.S. official reserve assets 35.7 36.2 37.0 36.8 35.8 34.6 34.5 34.3 35.0 34.6 34.8 2

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

 4 Treasury currency 38.7 42.7 43.5 44.2 44.8 45.5 45.0 45.1 45.3 45.5 45.7 4

 5 Foreign deposits 85.6 97.1 105.9 42.9 43.3 33.7 48.7 37.1 36.3 33.7 19.4 5

 6 Net interbank assets 1475.9 1126.4 1019.6 1622.6 1561.7 2321.8 1849.4 2072.9 2294.2 2321.8 2508.7 6

 7 Checkable deposits and currency 378.4 348.2 327.1 364.2 375.4 372.0 368.0 367.4 385.8 372.0 339.4 7

 8 Time and savings deposits 573.0 716.2 641.2 594.2 629.8 713.0 627.8 645.8 711.2 713.0 722.9 8

 9 Money market fund shares 1178.6 1004.0 831.5 760.1 725.2 619.1 677.7 623.9 643.3 619.1 593.7 9

 10 Federal funds and security repos 2813.1 2345.8 2623.8 2741.6 3115.8 2740.2 2954.9 2850.0 2834.0 2740.2 2711.1 10

 11 Credit market instruments 38640.2 37600.7 36786.4 37868.9 39125.3 40828.5 39511.7 39916.3 40233.4 40828.5 41203.2 11

 12 Open market paper 1176.1 779.4 676.0 600.1 595.6 633.9 640.7 641.4 652.0 633.9 672.0 12

 13 Treasury securities 2212.9 2578.5 3081.4 4056.2 4368.0 4915.3 4529.0 4582.8 4648.7 4915.3 5120.9 13

 14 Agency- and GSE-backed securities 5159.1 5894.9 5484.7 5644.1 5878.2 6297.5 6017.4 6133.2 6183.4 6297.5 6322.8 14

 15 Municipal securities 1703.8 1742.2 1786.3 1799.7 1937.6 1944.2 1952.1 1947.5 1935.0 1944.2 1949.4 15

 16 Corporate and foreign bonds 6719.2 6725.5 6881.5 7101.4 7563.1 7890.4 7689.9 7757.9 7837.0 7890.4 7991.3 16

 17 Depository institution loans n.e.c. 2794.4 2035.9 2001.2 2147.8 2322.7 2508.8 2323.8 2388.1 2424.8 2508.8 2561.0 17

 18 Other loans and advances 2261.3 1711.0 1394.8 1363.9 1468.3 1562.5 1459.6 1530.4 1540.1 1562.5 1561.0 18

 19 Mortgages 14247.7 13945.6 13313.2 13006.5 12799.9 12811.0 12741.0 12747.6 12792.1 12811.0 12792.3 19

 20 Consumer credit 2365.6 2187.8 2167.3 2149.4 2192.0 2264.9 2158.0 2187.4 2220.3 2264.9 2232.6 20

 21 Corporate equities 7622.8 9934.0 11434.0 10845.4 12413.3 15770.8 13482.6 13674.8 14571.6 15770.8 15952.8 21

 22 Mutual fund shares 1683.1 2230.5 2514.0 2407.6 2681.6 3327.2 2918.0 2973.5 3137.3 3327.2 3389.3 22

 23 Trade receivables 182.2 144.2 135.6 134.8 133.2 131.0 134.1 132.9 133.0 131.0 136.9 23

 24 Security credit 204.6 235.0 316.4 308.1 374.9 420.8 385.9 378.5 392.2 420.8 438.0 24

 25 Life insurance reserves 130.0 132.8 141.1 148.4 172.9 174.3 175.4 176.8 169.7 174.3 178.0 25

 26 Miscellaneous assets 12358.5 12451.6 12565.7 13218.2 13939.9 13731.8 14002.7 14075.0 14083.6 13731.8 13777.9 26

 27 Total liabilities 64754.2 65362.6 66208.8 67804.3 71502.0 76891.4 73112.8 73897.7 75331.7 76891.4 77594.8 27

 28 Net interbank liabilities 1752.4 1215.5 1068.5 1889.0 1683.8 2790.8 2096.9 2580.5 2767.7 2790.8 2996.2 28

 29 Checkable deposits and currency 2101.3 2093.4 2359.8 2594.3 2853.8 3186.5 2872.9 2892.3 2924.6 3186.5 3185.6 29

 30 Time and savings deposits 8088.8 8432.5 8548.1 8952.2 9463.7 9872.9 9521.6 9572.5 9789.7 9872.9 10075.6 30

 31 Money market fund shares 3757.3 3258.6 2755.4 2642.5 2649.6 2678.3 2552.1 2541.9 2637.4 2678.3 2591.5 31

 32 Federal funds and security repos 3661.8 3251.3 3666.0 3922.0 4172.7 3670.3 4008.0 3846.5 3781.7 3670.3 3707.4 32

 33 Credit market instruments 17103.3 15714.4 14454.9 14035.8 13804.0 13947.1 13754.0 13765.5 13761.9 13947.1 13844.1 33

 34 Open market paper 1126.3 678.2 576.0 507.9 449.1 400.2 453.8 426.0 399.9 400.2 398.2 34

 35 Agency- and GSE-backed securities 8143.4 8083.3 7574.0 7552.1 7529.7 7769.7 7566.2 7635.8 7688.5 7769.7 7697.1 35

 36 Corporate and foreign bonds 5980.2 5735.6 5282.0 4972.3 4871.9 4717.0 4784.0 4694.1 4679.4 4717.0 4704.8 36

 37 Depository institution loans n.e.c. 789.5 424.2 373.6 400.8 342.3 363.2 340.6 355.9 337.1 363.2 359.1 37

 38 Other loans and advances 900.5 617.9 473.2 413.1 416.6 494.9 409.9 453.1 460.0 494.9 480.9 38

 39 Mortgages 163.5 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 204.1 39

 40 Mutual fund shares 5388.0 6920.7 7873.0 7870.9 9323.6 11544.6 10087.4 10299.5 10904.9 11544.6 11775.7 40

 41 Trade payables 21.2 70.1 18.1 14.3 14.2 14.5 15.4 15.6 13.3 14.5 13.1 41

 42 Security credit 777.2 733.7 763.5 795.4 828.2 897.1 821.6 870.0 870.0 897.1 905.1 42

 43 Life insurance reserves 1133.4 1194.5 1229.9 1302.3 1309.0 1366.3 1320.1 1329.6 1347.3 1366.3 1384.5 43

 44 Pension entitlements 14071.9 15209.5 16751.6 17126.1 18093.8 19563.8 18572.2 18766.0 19115.6 19563.8 19766.4 44

 45 Taxes payable -101.1 -95.0 -88.9 -78.0 -76.8 -59.1 -65.9 -83.0 -73.9 -59.1 -48.4 45

 46 Miscellaneous liabilities 7507.1 7894.0 7540.9 7545.5 8230.0 8157.3 8386.6 8291.0 8293.9 8157.3 8191.3 46

 Memo:

 47 Market value of corporate equities 2875.4 3578.1 4295.4 4085.9 4949.1 6487.0 5526.2 5749.8 5987.3 6487.0 6620.7 47

 48 Equity in noncorporate business 10.7 14.8 15.9 13.1 18.6 19.2 19.2 19.3 17.7 19.2 19.2 48

(1) Sum of financial sectors shown on tables L.108 and L.110 through L.130.
L

e

v

els

74 Z.1, June 5, 2014

L.108 Monetary Authority (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 2270.6 2267.2 2453.2 2947.2 2954.9 4073.8 3243.8 3526.3 3787.1 4073.8 4290.4 1

 2 U.S. official reserve assets 35.7 36.2 37.0 36.8 35.8 34.6 34.5 34.3 35.0 34.6 34.8 2

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

 4 Treasury currency 38.7 42.7 43.5 44.2 44.8 45.5 45.0 45.1 45.3 45.5 45.7 4

 5 Federal Reserve float (2) -1.5 -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 -0.7 -0.6 -1.0 -0.5 5

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

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

 8 AMLF (4) 15.7 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 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Credit market instruments 986.0 1987.7 2259.2 2635.6 2670.1 3756.3 2939.8 3214.2 3475.1 3756.3 3970.1 10

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

 12 Treasury securities 475.9 776.6 1021.5 1663.4 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 12

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

 14 Other Treasury securities 457.5 758.2 1003.1 1645.0 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 14

 15 Agency- and GSE-backed securities 19.7 1068.3 1139.6 941.7 1003.4 1547.4 1143.4 1277.3 1402.7 1547.4 1650.5 15

 16 Mortgage-backed securities 0.0 908.4 992.1 837.7 926.7 1490.2 1070.9 1208.1 1342.1 1490.2 1603.1 16

 17 Other agency- and GSE-backed securities 19.7 159.9 147.5 104.0 76.8 57.2 72.4 69.2 60.7 57.2 47.3 17

 18 Depository institution loans n.e.c. 490.4 142.8 98.1 30.5 0.6 0.1 0.4 0.3 0.1 0.1 0.1 18

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

 20 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Brokers and dealers (6) 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Funding corporations (Maiden Lane) (7) 29.1 29.2 25.8 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

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

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

 25 Funding corporations (Maiden Lane III)(9) 24.4 18.5 14.1 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Funding corporations (CPFF) (10) 333.0 9.4 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 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Miscellaneous assets 569.8 75.9 83.1 225.8 199.5 233.1 219.9 228.1 226.8 233.1 235.0 28

 29 Nonofficial foreign currencies (12) 553.7 10.3 0.1 99.8 8.9 0.3 8.1 1.7 0.5 0.3 0.4 29

 30 Other 16.1 65.6 83.0 126.0 190.6 232.8 211.9 226.5 226.3 232.8 234.6 30

 31 Total liabilities 2249.6 2241.6 2426.7 2920.3 2927.6 4046.3 3216.3 3498.8 3759.6 4046.3 4262.3 31

 32 Depository institution reserves 860.0 977.0 968.1 1562.3 1491.0 2249.1 1790.4 2013.3 2232.4 2249.1 2444.3 32

 33 Vault cash of depository institutions 57.7 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.9 33

 34 Checkable deposits and currency 1220.3 1102.7 1287.8 1165.7 1224.6 1364.1 1226.1 1298.1 1266.5 1364.1 1364.3 34

 35 Due to federal government 365.7 191.9 340.9 85.9 92.9 162.6 79.4 135.0 88.6 162.6 142.5 35

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

 37 Treasury general deposit account 106.1 186.6 140.8 85.7 92.7 162.4 79.2 134.9 88.4 162.4 142.2 37

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

 39 Due to rest of the world 1.4 2.4 3.4 0.2 6.5 8.0 9.2 10.1 9.0 8.0 7.0 39

 40 Due to government-sponsored enterprises 21.1 35.1 13.5 64.6 27.2 25.9 20.2 19.5 24.1 25.9 10.8 40

 41 Currency outside banks 832.2 873.3 930.0 1015.0 1098.1 1167.6 1117.3 1133.6 1144.9 1167.6 1204.0 41

 42 Security repurchase agreements 88.4 77.7 59.7 99.9 107.2 315.9 105.5 95.2 157.4 315.9 341.0 42

 43 Miscellaneous liabilities 23.1 29.2 58.4 31.7 33.7 43.5 34.7 32.1 41.2 43.5 47.8 43

 44 Federal Reserve Bank stock 21.1 25.6 26.5 26.9 27.4 27.5 27.6 27.5 27.4 27.5 28.1 44

 45 Other 2.1 3.6 31.9 4.8 6.3 16.0 7.2 4.6 13.7 16.0 19.8 45

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

(2) Shown on table L.203.

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

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

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
L

e

v

els

Z.1, June 5, 2014 75

L.109 Private Depository Institutions (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 14513.5 13618.6 13727.6 14590.7 14994.1 15927.8 15189.8 15492.5 15741.6 15927.8 16236.9 1

 2 Vault cash 57.7 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.9 2

 3 Reserves at Federal Reserve 860.0 977.0 968.1 1562.3 1491.0 2249.1 1790.4 2013.3 2232.4 2249.1 2444.3 3

 4 Federal funds and security repos 643.3 335.2 356.1 378.6 491.6 392.9 438.8 419.3 417.3 392.9 416.1 4

 5 Credit market instruments 11348.8 10749.7 10968.9 11177.8 11605.9 11883.3 11568.5 11636.1 11694.0 11883.3 11987.4 5

 6 Open market paper 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 101.9 196.6 299.6 252.9 339.5 304.4 329.5 281.5 276.1 304.4 351.4 7

 8 Agency- and GSE-backed securities 1400.3 1579.9 1718.1 1851.7 1901.3 1943.8 1946.9 1964.2 1934.5 1943.8 1962.0 8

 9 Municipal securities 224.4 227.8 257.1 303.9 371.9 427.0 384.2 400.1 415.3 427.0 433.2 9

 10 Corporate and foreign bonds 1087.2 940.0 795.9 800.2 786.3 770.2 765.9 760.1 773.1 770.2 756.7 10

 11 Depository institution loans n.e.c. 2304.0 1893.1 1903.1 2117.3 2322.2 2508.7 2323.5 2387.8 2424.7 2508.7 2560.9 11

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

 13 Mortgages 5014.2 4768.9 4583.0 4436.2 4422.4 4392.1 4381.7 4377.8 4377.0 4392.1 4406.8 13

 14 Consumer credit 1201.2 1143.4 1412.0 1415.6 1462.3 1537.1 1436.8 1464.7 1493.3 1537.1 1516.4 14

 15 Corporate equities 20.4 48.6 59.8 54.6 71.3 101.3 80.8 79.9 87.8 101.3 102.6 15

 16 Mutual fund shares 21.6 47.4 46.5 43.5 48.1 60.1 52.6 50.2 54.2 60.1 63.0 16

 17 Security credit 39.8 32.0 38.2 69.2 71.1 81.6 78.1 75.9 78.5 81.6 86.3 17

 18 Life insurance reserves 110.7 111.5 116.0 120.8 138.1 134.4 139.2 140.4 132.2 134.4 135.6 18

 19 Miscellaneous assets 1411.0 1262.2 1121.3 1123.1 1005.8 951.7 981.9 1017.1 983.1 951.7 936.8 19

 20 Total liabilities 14237.5 13779.2 13946.6 14926.1 15529.7 16400.9 15735.9 15960.4 16120.9 16400.9 16708.0 20

 21 Net interbank liabilities 834.6 183.5 47.8 266.0 121.7 468.1 246.9 507.0 473.1 468.1 487.1 21

 22 Checkable deposits 881.0 990.7 1072.0 1428.6 1629.2 1822.3 1646.9 1594.2 1658.1 1822.3 1821.2 22

 23 Small time and savings deposits 5749.3 6326.5 6624.9 7202.2 7803.9 8110.8 7869.1 7890.1 8052.9 8110.8 8265.0 23

 24 Large time deposits 2339.5 2105.9 1923.2 1750.0 1659.9 1762.0 1652.5 1682.4 1736.8 1762.0 1810.6 24

 25 Federal funds and security repos 861.3 727.3 734.0 706.9 674.9 577.9 650.8 635.1 608.0 577.9 623.7 25

 26 Credit market instruments 1030.9 744.6 909.0 856.5 745.4 713.9 696.4 704.4 686.4 713.9 689.8 26

 27 Open market paper 0.5 0.6 113.0 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 27

 28 Corporate bonds 184.8 176.3 377.1 379.4 295.9 221.0 267.4 244.0 225.2 221.0 214.2 28

 29 Other loans and advances 845.6 567.6 418.9 356.4 362.0 433.2 354.5 396.2 403.9 433.2 417.2 29

 30 Taxes payable (net) -73.6 -66.2 -59.6 -49.1 -47.6 -47.4 -45.7 -58.9 -52.9 -47.4 -39.6 30

 31 Miscellaneous liabilities 2614.5 2766.8 2695.3 2764.9 2942.3 2993.3 3019.1 3006.2 2958.5 2993.3 3050.1 31

 32 Foreign direct investment in U.S. 71.7 107.7 120.0 193.7 198.1 202.9 200.0 200.6 202.1 202.9 204.5 32

 33 Investment by holding companies 1370.5 1599.5 1632.8 1709.0 1889.2 1944.2 1916.9 1880.5 1898.1 1944.2 1977.8 33

 34 Investment by funding corporations 276.6 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 34

 35 Other 895.6 856.5 770.9 724.5 729.0 722.7 759.3 783.0 739.6 722.7 743.9 35

 Memo:

 36 Consumer leases not included above (2) 9.5 6.9 6.2 6.0 6.5 7.9 6.8 7.3 7.7 7.9 8.1 36

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

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

 The leased automobile is a nonfinancial asset.
L

e

v

els

76 Z.1, June 5, 2014

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 12202.2 11505.4 11503.7 11849.9 12226.9 12802.7 12297.5 12382.0 12596.7 12802.7 12899.1 1

 2 Vault cash 57.7 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 2

 3 Reserves at Federal Reserve 617.0 661.4 575.8 798.7 798.5 1252.9 981.1 1001.2 1222.5 1252.9 1311.3 3

 4 Federal funds and security repos 575.1 266.9 267.6 242.6 303.7 215.7 259.6 238.0 218.0 215.7 215.7 4

 5 Credit market instruments 9459.7 9117.4 9356.2 9489.9 9866.3 10101.0 9833.4 9896.3 9925.3 10101.0 10167.7 5

 6 Open market paper 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 56.4 124.5 217.5 173.9 243.2 217.1 230.3 194.0 186.6 217.1 263.8 7

 8 Agency- and GSE-backed securities 1242.5 1417.4 1527.2 1634.1 1669.6 1717.3 1710.5 1725.7 1700.4 1717.3 1731.0 8

 9 Residential mortgage pass-through securities 851.0 837.5 835.3 899.1 912.8 953.5 952.8 967.6 947.9 953.5 959.0 9

 10 Commercial mortgage pass-through securities 0.0 3.6 3.3 8.2 21.7 30.3 24.7 28.4 27.9 30.3 32.1 10

 11 Residential CMOs and other structured MBS 193.9 264.0 393.4 473.8 454.6 431.0 446.7 435.2 422.8 431.0 442.2 11

 12 Commercial CMOs and other structured MBS 0.0 4.0 3.6 13.4 42.9 66.8 47.7 54.6 59.6 66.8 70.0 12

 13 Other 197.6 308.4 291.5 239.6 237.7 235.7 238.6 239.8 242.2 235.7 227.7 13

 14 Municipal securities 221.9 224.3 254.6 297.3 365.0 418.9 376.2 392.3 406.4 418.9 425.2 14

 15 Corporate and foreign bonds 652.4 668.2 550.5 553.0 544.0 559.2 540.5 543.2 555.8 559.2 540.2 15

 16 Priv. residential mortgage pass-through securities 29.0 16.2 6.5 3.5 18.7 28.7 19.7 23.1 26.4 28.7 27.8 16

 17 Priv. commercial mortgage pass-through securities 0.0 17.8 11.4 8.9 9.3 8.0 9.1 9.6 8.4 8.0 6.4 17

 18 Priv. residential CMOs and other structured MBS 285.6 202.9 132.3 110.4 88.4 73.7 83.7 78.7 77.2 73.7 68.9 18

 19 Priv. commercial CMOs and other structured MBS 0.0 26.0 24.7 27.4 32.7 37.3 33.8 34.4 35.5 37.3 38.8 19

 20 Other 337.8 405.2 375.6 402.9 394.9 411.4 394.3 397.4 408.3 411.4 398.3 20

 21 Depository institution loans n.e.c. 1690.7 1404.8 1425.9 1589.6 1797.1 1933.5 1794.8 1847.0 1869.5 1933.5 1969.7 21

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

 23 Mortgages 4615.2 4371.9 4194.9 4049.6 4028.8 3983.5 3989.8 3982.5 3975.3 3983.5 3991.2 23

 24 Consumer credit 965.0 906.3 1185.5 1192.6 1218.6 1271.6 1191.2 1211.5 1231.4 1271.6 1246.5 24

 25 Corporate equities 20.4 48.6 59.7 54.5 71.3 101.3 80.8 79.9 87.7 101.3 102.6 25

 26 Mutual fund shares 19.6 46.1 45.0 41.7 45.8 57.9 50.1 47.9 52.0 57.9 60.8 26

 27 Security credit 23.7 20.4 23.6 35.8 45.0 52.9 47.9 51.8 53.9 52.9 58.4 27

 28 Life insurance reserves 110.7 111.5 116.0 120.8 138.1 134.4 139.2 140.4 132.2 134.4 135.6 28

 29 Miscellaneous assets 1318.3 1178.2 1007.0 1005.2 887.2 813.0 845.7 866.4 843.0 813.0 782.3 29

 30 Total liabilities 12092.3 11622.9 11709.0 12156.0 12719.7 13301.9 12788.8 12790.2 12995.2 13301.9 13432.4 30

 31 Net interbank liabilities 1130.1 633.7 428.3 164.9 36.7 227.3 96.6 135.4 191.0 227.3 212.4 31

 32 Federal Reserve float -1.5 -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 -0.7 -0.6 -1.0 -0.5 32

 33 Borrowing from Federal Reserve banks 559.7 96.6 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0.0 33

 34 To domestic banks 34.7 42.2 21.3 62.1 18.7 57.2 23.8 12.4 33.1 57.2 28.6 34

 35 To foreign banks 537.1 496.9 408.2 103.3 18.5 171.0 73.4 123.6 158.3 171.0 184.4 35

 36 Checkable deposits 777.5 871.6 941.1 1260.5 1431.7 1579.8 1436.6 1372.9 1429.1 1579.8 1559.4 36

 37 Federal government 3.5 3.8 3.6 1.0 1.3 1.6 1.5 1.3 1.3 1.6 1.7 37

 38 Rest of the world 62.9 34.3 30.4 56.1 52.0 49.9 46.3 40.5 49.5 49.9 50.0 38

 39 Private domestic 711.1 833.5 907.0 1203.5 1378.4 1528.3 1388.8 1331.0 1378.4 1528.3 1507.7 39

 40 Small time and savings deposits 5144.6 5617.0 5888.6 6425.7 6979.2 7236.0 7018.6 7033.2 7183.1 7236.0 7374.9 40

 41 Large time deposits 1365.6 1029.9 896.1 882.9 803.0 826.9 777.6 804.4 799.3 826.9 815.5 41

 42 Federal funds and security repos 727.2 532.1 484.0 402.5 349.9 265.2 327.3 325.1 301.3 265.2 267.2 42

 43 Credit market instruments 990.3 718.1 882.9 832.4 720.3 686.9 674.1 680.9 659.8 686.9 662.4 43

 44 Open market paper 0.5 0.6 113.0 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 44

 45 Corporate bonds 184.8 176.3 377.1 379.4 295.9 221.0 267.4 244.0 225.2 221.0 214.2 45

 46 Other loans and advances 805.0 541.1 392.8 332.3 336.9 406.2 332.3 372.7 377.3 406.2 389.8 46

 47 Taxes payable (net) -73.6 -66.2 -59.6 -49.1 -47.6 -47.4 -45.7 -58.9 -52.9 -47.4 -39.6 47

 48 Miscellaneous liabilities 2030.5 2286.8 2247.6 2236.1 2446.4 2527.3 2503.7 2497.1 2484.5 2527.3 2580.2 48

 49 Investment by holding companies 1370.5 1599.5 1632.8 1709.0 1889.2 1944.2 1916.9 1880.5 1898.1 1944.2 1977.8 49

 50 Other 660.0 687.3 614.7 527.1 557.2 583.1 586.8 616.6 586.4 583.1 602.4 50

 Memo:

 51 Consumer leases not included above (1) 9.5 6.9 6.2 6.0 6.5 7.9 6.8 7.3 7.7 7.9 8.1 51

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

 The leased automobile is a nonfinancial asset.
L

e

v

els

Z.1, June 5, 2014 77

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1469.2 1218.1 1268.3 1736.4 1720.6 2037.1 1819.4 2027.7 2063.9 2037.1 2215.9 1

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

 3 Reserves at Federal Reserve 239.0 284.1 350.8 711.0 638.8 948.0 741.3 959.6 963.5 948.0 1071.0 3

 4 Federal funds and security repos 68.1 68.2 88.4 120.1 178.3 177.1 178.7 181.1 199.3 177.1 200.3 4

 5 Credit market instruments 1097.1 809.7 785.2 827.7 833.5 826.3 816.4 802.2 819.3 826.3 845.5 5

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

 7 Treasury securities 35.5 57.5 60.9 60.5 76.6 67.0 79.5 66.9 69.3 67.0 66.3 7

 8 Agency- and GSE-backed securities 50.6 31.3 26.5 30.6 32.1 25.4 27.7 26.1 26.2 25.4 22.5 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Corporate and foreign bonds 405.4 247.6 238.2 236.7 230.5 196.4 211.9 202.8 203.1 196.4 200.5 10

 11 Depository institution loans n.e.c. 561.5 435.5 424.2 467.1 463.4 507.2 467.5 476.9 490.9 507.2 524.0 11

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

 13 Mortgages 44.2 37.8 35.4 32.8 30.9 30.3 29.7 29.6 29.8 30.3 32.2 13

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

 15 Security credit 16.1 11.6 14.7 33.5 26.2 28.7 30.2 24.2 24.7 28.7 28.0 15

 16 Miscellaneous assets 48.9 44.5 29.2 44.2 43.9 57.0 52.9 60.6 57.1 57.0 71.0 16

 17 Total liabilities 1375.7 1319.1 1351.5 1868.1 1869.3 2111.5 1972.8 2185.6 2141.5 2111.5 2257.2 17

 18 Net interbank liabilities -225.6 -377.8 -347.1 157.5 155.6 309.0 219.7 438.6 351.6 309.0 346.3 18

 19 To foreign banks -249.3 -411.0 -384.0 134.8 83.6 221.2 124.2 357.4 282.3 221.2 256.1 19

 20 To domestic banks 23.6 33.1 36.9 22.7 72.0 87.8 95.5 81.2 69.3 87.8 90.2 20

 21 Checkable deposits 13.5 16.1 21.9 45.6 61.8 92.6 63.7 73.4 82.0 92.6 101.5 21

 22 Small time and savings deposits 25.6 29.9 35.7 48.9 62.7 90.4 67.9 70.6 85.9 90.4 84.7 22

 23 Large time deposits 876.2 1024.2 977.7 814.6 798.4 869.5 814.4 816.0 872.4 869.5 927.8 23

 24 Federal funds and security repos 131.7 195.2 250.0 304.4 325.0 312.7 323.6 310.0 306.7 312.7 356.5 24

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

 26 Miscellaneous liabilities 554.3 431.5 413.3 497.1 465.8 437.4 483.7 477.0 442.8 437.4 440.5 26

 27 Foreign direct investment in U.S. 71.7 107.7 120.0 193.7 198.1 202.9 200.0 200.6 202.1 202.9 204.5 27

 28 Investment by funding corporations 276.6 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 28

 29 Other 206.0 120.7 121.7 165.6 141.7 111.1 140.7 134.4 122.0 111.1 112.1 29

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

(2) Bankers’ acceptances.
L

e

v

els

78 Z.1, June 5, 2014

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 102.0 94.7 79.9 75.8 75.8 84.7 76.0 82.0 83.9 84.7 81.5 1

 2 Credit market instruments 90.9 88.1 68.9 64.0 63.9 64.1 63.6 63.6 62.7 64.1 64.1 2

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

 4 Agency- and GSE-backed securities 24.4 20.5 12.8 4.8 2.6 1.9 2.4 2.2 1.9 1.9 1.8 4

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

 6 Corporate and foreign bonds 0.5 2.0 0.6 4.2 5.2 5.8 5.6 5.5 5.6 5.8 6.4 6

 7 Depository institution loans n.e.c. 19.7 19.4 16.1 17.1 18.1 19.4 18.1 19.0 19.5 19.4 19.2 7

 8 Home mortgages 22.9 22.6 20.1 17.8 20.0 18.9 20.0 19.2 19.1 18.9 18.4 8

 9 Commercial mortgages 19.7 19.6 15.7 15.6 14.9 13.5 14.4 14.4 12.5 13.5 13.6 9

 10 Miscellaneous assets 11.1 6.5 11.0 11.8 12.0 20.5 12.4 18.4 21.2 20.5 17.4 10

 11 Total liabilities 91.0 90.0 75.2 72.1 72.0 80.5 72.2 78.7 81.7 80.5 78.0 11

 12 Net interbank liabilities -3.2 -4.2 -3.3 -4.6 -4.9 -4.7 -4.6 -5.3 -5.0 -4.7 -5.5 12

 13 Checkable deposits 14.6 16.1 16.6 19.4 21.9 28.2 22.1 26.3 27.7 28.2 27.3 13

 14 Small time and savings deposits 27.4 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 14

 15 Large time deposits 27.4 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 15

 16 Miscellaneous liabilities 24.9 29.2 23.3 19.4 17.3 14.3 16.4 16.5 15.7 14.3 14.8 16

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

L.113 Credit Unions

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

 1 Total financial assets 740.1 800.5 875.7 928.5 970.8 1003.3 996.9 1000.7 997.2 1003.3 1040.5 1

 2 Reserves at Federal Reserve 4.0 31.5 41.5 52.6 53.8 48.1 68.0 52.5 46.4 48.1 62.0 2

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

 4 Credit market instruments 701.1 734.6 758.6 796.2 842.3 891.8 855.1 874.1 886.7 891.8 910.1 4

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

 6 Treasury securities 8.8 14.2 20.1 17.6 19.3 19.1 19.2 20.1 19.6 19.1 20.0 6

 7 Agency- and GSE-backed securities 82.9 110.7 151.5 182.1 197.0 199.2 206.2 210.2 206.0 199.2 206.7 7

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

 9 Corporate and foreign bonds 28.9 22.3 6.6 6.3 6.7 8.9 7.8 8.5 8.6 8.9 9.5 9

 10 Depository institution loans n.e.c. 32.1 33.4 36.9 43.5 43.6 48.7 43.0 44.9 44.9 48.7 48.0 10

 11 Home mortgages 312.2 316.9 317.0 320.5 327.8 345.9 328.0 332.1 340.4 345.9 351.4 11

 12 Consumer credit 236.2 237.1 226.5 223.0 243.6 265.6 245.5 253.1 261.9 265.6 269.9 12

 13 Mutual fund shares 2.0 1.3 1.5 1.9 2.3 2.2 2.6 2.4 2.2 2.2 2.2 13

 14 Miscellaneous assets 32.8 33.0 74.1 61.9 62.7 61.1 70.9 71.7 61.8 61.1 66.1 14

 15 Total liabilities 678.5 747.2 810.9 830.0 868.7 906.9 902.1 905.9 902.4 906.9 940.3 15

 16 Net interbank liabilities -66.6 -68.1 -30.0 -51.9 -65.7 -63.5 -64.7 -61.8 -64.5 -63.5 -66.1 16

 17 Shares/deposits 697.4 769.4 803.8 845.3 896.6 929.2 929.3 928.7 924.9 929.2 964.4 17

 18 Checkable 75.3 86.9 92.4 103.1 113.9 121.7 124.5 121.7 119.3 121.7 133.1 18

 19 Small time and savings 551.7 655.2 681.3 708.7 743.1 763.1 763.4 765.7 762.2 763.1 784.7 19

 20 Large time 70.4 27.3 30.1 33.5 39.7 44.3 41.3 41.4 43.4 44.3 46.6 20

 21 Federal funds and security repos 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Other loans and advances 40.6 26.5 26.1 24.2 25.1 27.0 22.2 23.5 26.6 27.0 27.4 22

 23 Miscellaneous liabilities 4.7 19.4 11.1 12.4 12.7 14.2 15.3 15.5 15.4 14.2 14.6 23
L

e

v

els

Z.1, June 5, 2014 79

L.114 Property-Casualty Insurance Companies

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1305.5 1380.2 1360.5 1376.6 1438.9 1530.7 1461.0 1475.3 1496.4 1530.7 1553.4 1

 2 Checkable deposits and currency 27.9 27.6 32.6 24.1 36.4 29.7 31.7 30.6 30.6 29.7 33.6 2

 3 Money market fund shares 32.8 29.6 25.6 20.0 22.3 20.0 21.3 18.1 18.1 20.0 18.4 3

 4 Security repurchase agreements 4.4 4.5 3.8 1.7 1.8 1.8 1.7 1.5 1.5 1.8 1.6 4

 5 Credit market instruments 853.4 886.7 890.6 926.8 927.8 953.1 933.4 936.7 943.5 953.1 960.1 5

 6 Open market paper 19.1 9.8 7.9 8.8 7.4 8.0 7.4 6.6 6.9 8.0 7.7 6

 7 Treasury securities 65.6 88.5 91.7 96.4 89.7 95.7 90.5 89.5 91.3 95.7 96.2 7

 8 Agency- and GSE-backed securities 114.3 116.2 115.8 122.7 114.3 108.7 113.0 111.6 110.2 108.7 106.4 8

 9 Municipal securities 381.9 369.4 348.4 331.0 328.1 325.8 327.8 327.4 326.8 325.8 326.7 9

 10 Corporate and foreign bonds 267.5 298.3 322.6 363.1 382.7 406.9 388.9 395.1 401.2 406.9 414.8 10

 11 Commercial mortgages 5.0 4.4 4.1 4.9 5.6 7.9 5.8 6.6 7.0 7.9 8.3 11

 12 Corporate equities 190.1 215.6 214.8 220.8 252.2 309.7 267.4 272.4 280.5 309.7 317.4 12

 13 Mutual fund shares 7.6 9.5 10.2 9.1 11.8 15.5 12.7 13.0 13.8 15.5 16.0 13

 14 Trade receivables 86.7 83.0 83.8 87.2 92.0 95.2 94.0 96.6 98.3 95.2 102.6 14

 15 Miscellaneous assets 102.6 123.7 99.1 86.9 94.6 105.8 98.7 106.4 110.0 105.8 103.7 15

 16 Total liabilities 792.3 804.3 823.2 856.0 886.9 908.8 888.5 892.6 896.5 908.8 917.2 16

 17 Security repurchase agreements 2.4 0.6 1.5 0.4 0.8 2.2 1.1 1.4 1.8 2.2 2.8 17

 18 Taxes payable (net) -21.1 -15.8 -10.1 -14.5 -10.8 8.4 -3.2 -5.2 -2.5 8.4 10.7 18

 19 Miscellaneous liabilities 811.0 819.5 831.9 870.1 896.9 898.2 890.5 896.4 897.2 898.2 903.7 19

L.115 Life Insurance Companies (1)

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

 1 Total financial assets 4514.4 4823.9 5167.8 5340.1 5614.7 5977.3 5738.6 5750.8 5857.1 5977.3 6056.4 1

 2 Checkable deposits and currency 82.8 50.7 51.7 53.7 56.4 47.2 56.3 45.5 53.5 47.2 50.2 2

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

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

 5 Credit market instruments 2882.8 3022.6 3174.2 3299.6 3373.9 3448.7 3383.9 3405.1 3422.5 3448.7 3480.3 5

 6 Open market paper 38.3 49.8 40.9 29.7 43.6 46.7 39.3 39.7 44.4 46.7 44.7 6

 7 Treasury securities 105.7 133.5 156.6 175.4 180.9 171.6 176.7 174.4 172.8 171.6 174.6 7

 8 Agency- and GSE-backed securities 366.2 371.9 376.0 374.4 360.9 352.3 359.2 357.4 354.3 352.3 350.3 8

 9 Municipal securities 47.1 73.1 112.3 121.8 131.5 141.2 134.0 136.6 138.5 141.2 141.1 9

 10 Corporate and foreign bonds 1817.0 1927.2 2030.2 2117.3 2162.2 2219.8 2180.5 2196.7 2203.1 2219.8 2248.8 10

 11 Other loans and advances 166.1 140.9 140.7 148.6 150.4 153.9 149.6 151.3 152.2 153.9 155.2 11

 12 Mortgages 342.4 326.1 317.5 332.5 344.4 363.2 344.6 349.1 357.2 363.2 365.7 12

 13 Corporate equities 1001.7 1208.5 1402.6 1390.2 1545.1 1794.4 1638.3 1662.5 1712.3 1794.4 1816.9 13

 14 Mutual fund shares 121.0 140.8 155.7 150.1 159.3 184.8 167.6 168.8 175.9 184.8 185.6 14

 15 Miscellaneous assets 379.0 357.6 351.9 407.6 444.0 472.2 465.0 443.1 463.3 472.2 496.4 15

 16 Total liabilities 4265.0 4532.3 4844.3 5002.2 5248.8 5602.8 5365.9 5381.2 5481.5 5602.8 5676.9 16

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

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

 19 Life insurance reserves 1133.4 1194.5 1229.9 1302.3 1309.0 1366.3 1320.1 1329.6 1347.3 1366.3 1384.5 19

 20 Pension entitlements (2) 2219.2 2350.4 2568.5 2601.7 2788.3 3041.7 2876.2 2900.3 2955.4 3041.7 3072.2 20

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

 22 Miscellaneous liabilities 868.9 958.0 1019.3 1064.6 1114.6 1153.3 1131.5 1113.1 1141.7 1153.3 1176.2 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).
L

e

v

els

80 Z.1, June 5, 2014

L.116 Private and Public Pension Funds (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets (2) 11723.3 12716.7 14036.0 14376.9 15148.4 16350.0 15534.5 15704.0 15993.6 16350.0 16516.3 1

 2 Checkable deposits and currency 16.9 14.0 16.7 22.6 22.2 22.5 22.3 22.8 22.5 22.5 23.1 2

 3 Time and savings deposits 57.7 61.7 66.6 70.8 68.7 75.9 70.0 70.3 71.0 75.9 79.2 3

 4 Money market fund shares 200.8 188.7 180.9 196.3 189.3 195.9 190.5 190.7 190.3 195.9 197.3 4

 5 Security repurchase agreements 5.9 5.9 6.0 6.1 5.9 6.5 6.0 6.0 6.0 6.5 6.8 5

 6 Credit market instruments 1733.5 1668.4 1821.7 1932.9 1967.3 2086.5 1981.2 2016.3 1935.8 2086.5 2093.9 6

 7 Open market paper 76.1 77.6 80.6 85.1 81.6 85.8 83.4 83.5 82.8 85.8 90.3 7

 8 Treasury securities 389.1 453.4 504.6 565.0 644.0 712.8 661.0 671.4 586.5 712.8 722.1 8

 9 Agency- and GSE-backed securities 357.4 347.9 356.0 373.2 413.3 438.9 419.0 429.5 434.2 438.9 434.7 9

 10 Corporate and foreign bonds 868.4 752.0 839.9 874.4 797.4 823.4 788.0 803.5 805.1 823.4 822.7 10

 11 Mortgages 41.2 36.1 38.5 33.8 30.6 25.1 29.3 28.2 26.9 25.1 23.7 11

 12 Corporate equities 2741.1 3392.8 3872.8 3689.3 4116.6 4999.4 4463.3 4514.2 4716.0 4999.4 5023.6 12

 13 Mutual fund shares 1532.9 2032.7 2301.7 2205.0 2462.3 3066.9 2685.0 2741.4 2893.4 3066.9 3124.7 13

 14 Miscellaneous assets 5434.5 5352.5 5769.7 6254.0 6316.2 5896.6 6116.3 6142.3 6158.7 5896.6 5967.7 14

 15 Claims of pension fund on sponsor (3) 3468.2 3210.8 3508.2 3861.0 3867.3 3295.8 3645.8 3745.9 3765.7 3295.8 3353.2 15

 16 Other 584.1 603.5 633.9 679.1 676.0 698.6 674.3 684.9 690.4 698.6 717.7 16

 17 Pension entitlements (liabilities) (4) 11852.7 12859.0 14183.1 14524.4 15305.5 16522.1 15696.0 15865.7 16160.2 16522.1 16694.2 17

 Memo:

 Funded status of defined benefit plans:

 18 Pension entitlements 8976.1 9315.4 10164.2 10513.6 10887.1 11236.0 10974.5 11061.3 11148.3 11236.0 11322.6 18

 19 Funded by assets (5) 5507.9 6104.6 6656.1 6652.6 7019.7 7940.2 7328.7 7315.3 7484.3 7940.2 7969.3 19

 20 Unfunded (line 15) 3468.2 3210.8 3508.2 3861.0 3867.3 3295.8 3645.8 3745.9 3664.0 3295.8 3353.2 20

 21 Household retirement assets (6) 17247.5 19156.2 21198.6 21538.6 23025.7 25389.7 23775.7 24026.3 24642.0 25389.7 ND 21

 22 Defined benefit plans (7) 8846.7 9173.1 10017.2 10366.1 10730.0 11063.9 10813.0 10899.6 10981.7 11063.9 11144.7 22

 23 Defined contribution plans (8) 2876.6 3543.6 4018.8 4010.8 4418.4 5286.1 4721.5 4804.4 5011.9 5286.1 5371.6 23

 24 Individual retirement plans (IRAs) (9) 3681.0 4488.0 5029.0 5001.0 5561.0 6521.0 5852.0 5910.0 6193.0 6521.0 ND 24

 25 Annuities at life insurance companies (10) 1843.2 1951.4 2133.5 2160.7 2316.3 2518.7 2389.2 2412.3 2455.4 2518.7 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.
L

e

v

els

Z.1, June 5, 2014 81

L.117 Private Pension Funds (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets (2) 5260.4 5940.6 6590.3 6642.5 7121.6 7973.7 7421.8 7522.3 7725.5 7973.7 8064.4 1

 2 Checkable deposits and currency 13.4 10.4 12.6 18.3 18.0 17.5 18.0 18.4 18.1 17.5 17.7 2

 3 Time and savings deposits 30.2 33.0 32.1 33.4 31.6 31.1 31.6 31.2 31.0 31.1 31.5 3

 4 Money market fund shares 156.2 147.4 137.3 154.1 150.2 148.7 150.1 149.6 148.1 148.7 147.0 4

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

 6 Credit market instruments 782.7 795.5 918.6 991.8 1004.3 1049.1 1011.4 1028.9 1040.0 1049.1 1048.4 6

 7 Open market paper 44.3 45.3 42.6 44.7 42.0 38.0 42.4 41.8 40.1 38.0 39.3 7

 8 Treasury securities 147.4 182.4 215.6 243.4 291.4 331.5 306.4 319.3 326.2 331.5 335.5 8

 9 Agency- and GSE-backed securities 190.3 184.0 190.4 193.8 210.9 224.5 213.2 217.3 220.7 224.5 222.7 9

 10 Corporate and foreign bonds 374.6 360.0 443.4 488.0 440.7 438.5 430.7 432.6 435.8 438.5 435.0 10

 11 Mortgages 26.1 23.8 26.6 21.9 19.4 16.5 18.7 18.0 17.2 16.5 15.9 11

 12 Corporate equities 1380.4 1647.1 1938.3 1826.1 2041.6 2483.8 2205.9 2238.4 2346.2 2483.8 2517.3 12

 13 Mutual fund shares 1362.3 1827.5 2084.7 2052.8 2340.6 2920.5 2553.1 2608.7 2755.4 2920.5 2979.0 13

 14 Miscellaneous assets 1532.6 1476.7 1464.1 1563.2 1532.7 1320.6 1449.1 1444.5 1384.1 1320.6 1320.8 14

 15 Unallocated insurance contracts (3) 283.0 385.4 393.7 406.3 425.6 457.6 437.3 439.7 447.8 457.6 465.1 15

 16 Contributions receivable 84.0 75.6 91.1 94.0 93.2 92.2 93.4 93.5 93.2 92.2 92.0 16

 17 Claims of pension fund on sponsor (4) 677.4 497.6 446.5 486.6 440.2 187.7 349.7 335.6 265.7 187.7 165.8 17

 18 Other 488.2 518.2 532.9 576.3 573.8 583.1 568.7 575.7 577.4 583.1 598.0 18

 19 Pension entitlements (liabilities) (5) 5295.7 5977.0 6626.9 6679.0 7158.1 8010.2 7458.3 7558.8 7762.0 8010.2 8100.9 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 2608.2 2662.7 2872.2 2953.1 3054.3 3105.0 3067.0 3079.7 3092.4 3105.0 3117.7 20

 21 Funded by assets (6) 1930.8 2165.1 2425.7 2466.4 2614.2 2917.3 2717.3 2744.1 2826.7 2917.3 2951.9 21

 22 Unfunded (line 17) 677.4 497.6 446.5 486.6 440.2 187.7 349.7 335.6 265.7 187.7 165.8 22

 Total financial assets (7)

 23 Defined benefit plans 2572.9 2626.3 2835.7 2916.6 3017.8 3068.5 3030.5 3043.2 3055.8 3068.5 3081.2 23

 24 Defined contribution plans 2687.5 3314.3 3754.6 3725.9 4103.8 4905.1 4391.3 4479.1 4669.6 4905.1 4983.2 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.
L

e

v

els

82 Z.1, June 5, 2014

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets (2) 3704.9 3853.9 4298.2 4478.2 4652.6 4845.9 4700.2 4752.1 4799.3 4845.9 4892.2 1

 2 Checkable deposits and currency 3.6 3.6 4.1 4.3 4.2 5.0 4.3 4.4 4.5 5.0 5.4 2

 3 Time and savings deposits 27.5 28.7 34.6 37.4 37.1 44.8 38.4 39.0 40.0 44.8 47.7 3

 4 Money market fund shares 44.6 41.2 43.5 42.2 39.1 47.2 40.4 41.1 42.1 47.2 50.2 4

 5 Security repurchase agreements 3.1 3.0 3.4 3.4 3.3 3.9 3.4 3.4 3.5 3.9 4.2 5

 6 Credit market instruments 827.6 742.4 761.6 774.1 780.6 845.3 790.8 819.6 823.3 845.3 852.0 6

 7 Open market paper 31.7 32.3 38.0 40.3 39.6 47.9 41.0 41.7 42.7 47.9 50.9 7

 8 Treasury securities 129.5 151.4 159.3 168.5 187.3 203.4 191.6 199.3 202.4 203.4 205.8 8

 9 Agency- and GSE-backed securities 161.9 158.7 159.8 172.9 194.3 207.9 198.3 205.2 206.9 207.9 206.3 9

 10 Municipal securities 1.3 1.4 2.1 1.4 0.5 0.4 0.4 0.4 0.3 0.4 0.4 10

 11 Corporate and foreign bonds 488.1 386.2 390.6 379.0 347.7 377.2 348.8 362.9 361.4 377.2 380.8 11

 12 Mortgages 15.1 12.3 11.9 11.9 11.2 8.6 10.7 10.2 9.7 8.6 7.8 12

 13 Corporate equities 1277.0 1628.8 1793.6 1728.8 1926.9 2309.4 2089.7 2102.1 2185.3 2309.4 2294.5 13

 14 Mutual fund shares 170.6 205.2 217.0 152.2 121.6 146.4 131.9 132.7 138.0 146.4 145.7 14

 15 Miscellaneous assets 1350.9 1201.0 1440.4 1735.9 1739.8 1443.7 1601.3 1609.9 1562.7 1443.7 1492.5 15

 16 Claims of pension fund on sponsor (3) 1255.0 1115.7 1339.4 1633.2 1637.5 1328.2 1495.7 1500.7 1449.7 1328.2 1372.8 16

 17 Other 95.9 85.3 101.0 102.7 102.2 115.5 105.6 109.2 113.0 115.5 119.7 17

 18 Pension entitlements (liabilities) (4) 3799.0 3959.8 4408.7 4589.2 4773.1 4981.4 4825.2 4877.3 4929.4 4981.4 5033.5 18

 Memo:

 Funded status of defined benefit plans:

 19 Pension entitlements 3799.0 3959.8 4408.7 4589.2 4773.1 4981.4 4825.2 4877.3 4929.4 4981.4 5033.5 19

 20 Funded by assets (5) 2544.0 2844.2 3069.3 2956.0 3135.6 3653.3 3329.5 3376.6 3479.6 3653.3 3660.7 20

 21 Unfunded (line 16) 1255.0 1115.7 1339.4 1633.2 1637.5 1328.2 1495.7 1500.7 1449.7 1328.2 1372.8 21

(1) Defined benefit plans.

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

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

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

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

L.119 Federal Government Employee Retirement Funds

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

 1 Total financial assets (1) 2758.0 2922.2 3147.5 3256.2 3374.2 3530.5 3412.5 3429.6 3468.8 3530.5 3559.8 1

 2 Credit market instruments 123.2 130.6 141.5 167.0 182.4 192.0 178.9 167.8 72.5 192.0 193.5 2

 3 Treasury securities (2) 112.2 119.6 129.7 153.2 165.3 177.9 162.9 152.8 57.9 177.9 180.9 3

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

 5 Corporate and foreign bonds 5.8 5.7 5.9 7.3 9.0 7.7 8.5 8.0 8.0 7.7 6.9 5

 6 Corporate equities 83.7 116.8 140.9 134.4 148.1 206.2 167.8 173.8 184.5 206.2 211.8 6

 7 Miscellaneous assets 2551.1 2674.8 2865.1 2954.8 3043.7 3132.3 3065.9 3088.0 3211.8 3132.3 3154.4 7

 8 Nonmarketable Treasury securities (3) 1015.3 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 8

 9 Claims of pension fund on sponsor (4) 1535.8 1597.6 1722.2 1741.1 1789.6 1780.0 1800.3 1909.6 2050.3 1780.0 1814.7 9

 10 Pension entitlements (liabilities) (5) 2758.0 2922.2 3147.5 3256.2 3374.2 3530.5 3412.5 3429.6 3468.8 3530.5 3559.8 10

 Memo:

 Funded status of defined benefit plans:

 11 Pension entitlements 2568.9 2692.9 2883.3 2971.3 3059.6 3149.5 3082.3 3104.3 3126.6 3149.5 3171.4 11

 12 Funded by assets (6) 1033.1 1095.4 1161.1 1230.2 1270.0 1369.6 1282.0 1194.7 1178.0 1369.6 1356.7 12

 13 Unfunded (line 9) 1535.8 1597.6 1722.2 1741.1 1789.6 1780.0 1800.3 1909.6 1948.6 1780.0 1814.7 13

 Total financial assets

 14 Defined benefit plans (7) 2568.9 2692.9 2883.3 2971.3 3059.6 3149.5 3082.3 3104.3 3126.6 3149.5 3171.4 14

 15 Defined contribution plans (8) 189.1 229.3 264.2 284.9 314.6 381.0 330.2 325.3 342.2 381.0 388.4 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.
L

e

v

els

Z.1, June 5, 2014 83

L.120 Money Market Mutual Funds (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3757.3 3258.6 2755.4 2642.5 2649.6 2678.3 2552.1 2541.9 2637.4 2678.3 2591.5 1

 2 Foreign deposits 85.6 97.1 105.9 42.9 43.3 33.7 48.7 37.1 36.3 33.7 19.4 2

 3 Checkable deposits and currency 7.5 17.9 14.2 20.1 16.5 13.3 10.9 27.5 11.0 13.3 15.5 3

 4 Time and savings deposits 396.8 566.6 458.9 402.7 435.4 494.9 429.2 444.3 494.4 494.9 493.4 4

 5 Security repurchase agreements 542.4 480.0 479.4 490.5 544.7 493.0 470.3 450.4 489.1 493.0 506.2 5

 6 Credit market instruments 2689.9 2070.0 1673.4 1663.6 1580.9 1611.8 1561.4 1550.9 1572.8 1611.8 1519.9 6

 7 Open market paper 618.5 510.5 394.2 354.2 340.8 352.1 350.6 356.6 357.9 352.1 354.3 7

 8 Treasury securities 577.7 406.4 335.4 443.3 457.8 488.2 470.1 449.0 466.5 488.2 454.4 8

 9 Agency- and GSE-backed securities 756.2 543.0 402.8 403.7 343.5 361.1 325.3 345.0 354.0 361.1 326.1 9

 10 Municipal securities 509.5 440.1 386.7 357.3 336.7 308.3 312.5 309.6 305.1 308.3 296.4 10

 11 Corporate and foreign bonds 228.0 169.9 154.2 105.1 102.1 102.1 102.8 90.7 89.1 102.1 88.7 11

 12 Miscellaneous assets 35.2 26.9 23.5 22.7 28.8 31.7 31.5 31.9 33.8 31.7 37.2 12

 13 Total shares outstanding (liabilities) 3757.3 3258.6 2755.4 2642.5 2649.6 2678.3 2552.1 2541.9 2637.4 2678.3 2591.5 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.121 Mutual Funds (1)

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

 1 Total financial assets 5388.0 6920.7 7873.0 7870.9 9323.6 11544.6 10087.4 10299.5 10904.9 11544.6 11775.7 1

 2 Security repurchase agreements 124.7 153.3 137.5 108.7 262.7 355.7 307.9 328.2 354.0 355.7 370.6 2

 3 Credit market instruments 2229.2 2616.3 2969.9 3329.3 3981.3 4345.2 4184.4 4242.8 4287.7 4345.2 4473.2 3

 4 Open market paper 51.6 80.2 66.3 40.0 77.5 105.2 98.5 100.7 104.6 105.2 110.1 4

 5 Treasury securities 184.0 258.0 378.9 452.7 573.3 632.7 628.4 627.4 622.9 632.7 675.8 5

 6 Agency- and GSE-backed securities 553.3 603.2 681.6 788.6 878.0 849.6 881.0 874.4 854.3 849.6 838.4 6

 7 Municipal securities 389.4 478.8 525.5 541.2 627.4 613.9 646.6 641.0 620.7 613.9 621.1 7

 8 Corporate and foreign bonds 956.2 1120.7 1243.0 1413.4 1719.4 1998.7 1816.6 1868.5 1947.3 1998.7 2076.3 8

 9 Other loans and advances 94.8 75.4 74.6 93.5 105.7 145.1 113.4 130.9 137.9 145.1 151.3 9

 10 Corporate equities 3014.1 4136.2 4762.7 4427.2 5107.0 6852.0 5611.2 5743.8 6246.2 6852.0 6940.3 10

 11 Miscellaneous assets 20.0 14.9 2.9 5.7 -27.4 -8.3 -16.2 -15.3 17.0 -8.3 -8.3 11

 12 Total shares outstanding (liabilities) 5388.0 6920.7 7873.0 7870.9 9323.6 11544.6 10087.4 10299.5 10904.9 11544.6 11775.7 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.122 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 202.9 229.1 243.7 241.1 257.0 283.6 272.0 278.0 279.4 283.6 286.9 1

 2 Credit market instruments 130.6 141.1 146.5 144.8 155.8 169.2 163.5 169.6 168.9 169.2 169.8 2

 3 Treasury securities 3.2 4.4 5.1 4.8 5.2 5.7 5.7 5.8 5.8 5.7 5.8 3

 4 Municipal securities 77.9 81.2 81.6 82.5 85.8 84.1 86.2 86.2 84.7 84.1 84.9 4

 5 Corporate and foreign bonds 49.5 55.6 59.8 57.4 64.9 79.4 71.6 77.6 78.4 79.4 79.1 5

 6 Corporate equities 72.3 87.9 97.2 96.4 101.1 114.3 108.5 108.4 110.5 114.3 117.1 6

 7 Total shares outstanding (liabilities) 202.9 229.1 243.7 241.1 257.0 283.6 272.0 278.0 279.4 283.6 286.9 7

 Exchange-traded funds

 8 Total financial assets 531.1 773.1 986.8 1042.6 1324.4 1670.6 1434.0 1413.7 1537.3 1670.6 1704.1 8

 9 Credit market instruments 57.1 103.0 132.7 178.8 231.1 243.3 238.2 241.4 245.8 243.3 254.3 9

 10 Treasury securities 27.1 41.8 51.0 62.4 63.6 57.1 62.8 64.1 63.9 57.1 59.3 10

 11 Municipal securities 2.3 5.9 7.6 8.6 12.3 11.4 13.0 12.5 11.5 11.4 11.8 11

 12 Corporate and foreign bonds 27.7 55.4 74.1 107.7 155.3 174.8 162.3 164.9 170.4 174.8 183.2 12

 13 Corporate equities 474.0 670.0 854.1 863.8 1093.3 1427.3 1195.9 1172.2 1291.5 1427.3 1449.9 13

 14 Total shares outstanding (liabilities) 531.1 773.1 986.8 1042.6 1324.4 1670.6 1434.0 1413.7 1537.3 1670.6 1704.1 14
L

e

v

els

84 Z.1, June 5, 2014

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3409.2 3048.5 6722.4 6480.2 6275.1 6361.3 6328.7 6308.3 6339.7 6361.3 6256.8 1

 2 Checkable deposits and currency 88.3 99.4 63.4 72.7 52.6 81.6 64.1 51.7 77.4 81.6 45.4 2

 3 Time and savings deposits 68.5 25.7 26.1 13.4 4.3 5.4 3.6 4.8 7.5 5.4 7.9 3

 4 Federal funds and security repos 115.8 123.3 151.2 112.3 150.8 152.3 193.6 151.3 133.4 152.3 127.3 4

 5 Credit market instruments 3037.5 2699.7 6333.1 6133.4 5914.8 5956.4 5899.5 5932.8 5954.5 5956.4 5924.1 5

 6 Open market paper 6.8 9.7 9.9 6.5 3.4 4.4 4.2 4.3 5.0 4.4 4.8 6

 7 Treasury securities 16.8 36.6 82.6 100.2 69.0 59.1 74.6 75.5 82.6 59.1 65.2 7

 8 Agency- and GSE-backed securities 910.0 924.5 377.0 358.9 310.6 287.9 300.6 292.5 294.7 287.9 283.5 8

 9 Municipal securities 31.3 29.1 24.9 21.0 17.0 13.4 16.3 14.8 13.8 13.4 12.7 9

 10 Corporate and foreign bonds 386.6 296.0 266.5 235.7 185.7 126.3 179.9 168.6 139.1 126.3 120.1 10

 11 Other loans and advances 980.7 695.9 551.3 487.0 505.7 587.5 498.8 541.0 547.3 587.5 576.9 11

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

 13 Farm Credit System 80.3 80.0 87.3 83.8 92.1 95.0 91.4 90.3 89.7 95.0 98.3 13

 14 FHLB 900.5 615.9 464.0 403.3 413.6 492.6 407.4 450.7 457.7 492.6 478.5 14

 15 Mortgages 705.3 707.7 5021.0 4924.0 4823.5 4877.8 4825.0 4836.1 4872.0 4877.8 4861.0 15

 16 Home 456.6 433.4 4690.7 4587.7 4476.1 4548.2 4480.2 4494.0 4535.2 4548.2 4535.0 16

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

 18 Other 456.6 433.4 549.7 555.6 518.0 460.5 498.0 488.3 470.9 460.5 449.4 18

 19 Multifamily residential 190.2 204.4 256.5 259.2 265.5 243.5 261.9 258.1 251.8 243.5 238.9 19

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

 21 Other 190.2 204.4 181.1 159.4 138.1 97.2 128.0 118.8 109.9 97.2 90.1 21

 22 Farm 58.5 69.9 73.8 77.1 82.0 86.1 82.9 84.0 85.0 86.1 87.1 22

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

 24 Miscellaneous assets 99.1 100.3 148.6 148.5 152.6 165.6 167.9 167.7 166.8 165.6 152.1 24

 25 Total liabilities 3390.2 2977.0 6615.1 6377.9 6216.8 6314.9 6223.6 6259.5 6267.3 6314.9 6222.6 25

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

 27 Credit market instruments 3181.9 2706.6 6434.5 6247.3 6092.7 6200.2 6103.5 6137.6 6147.7 6200.2 6111.4 27

 28 GSE issues (4) 3181.9 2706.6 6434.5 6247.3 6092.7 6200.2 6103.5 6137.6 6147.7 6200.2 6111.4 28

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

 30 Other 3181.9 2706.6 2218.1 2115.4 2007.3 1966.2 1987.4 1992.8 1941.5 1966.2 1876.9 30

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

 32 Miscellaneous liabilities 207.0 269.2 179.4 130.2 124.1 114.7 119.9 121.9 119.6 114.7 111.2 32

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.124) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.124 Agency- and GSE-Backed Mortgage Pools (1)

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

 1 Total financial assets 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 1

 2 Home mortgages 4864.0 5266.5 1068.8 1216.8 1321.8 1420.6 1340.2 1366.2 1400.2 1420.6 1432.0 2

 3 Multifamily residential mortgages 92.8 105.7 66.9 86.4 113.4 147.1 120.6 130.1 138.8 147.1 152.0 3

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

 5 Farm mortgages 4.7 4.5 3.8 1.7 1.9 1.8 1.9 1.8 1.8 1.8 1.7 5

 6 Total pool securities (liabilities)(2) 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.123). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
L

e

v

els

Z.1, June 5, 2014 85

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 4100.5 3288.7 2235.1 1988.6 1768.9 1615.1 1715.9 1664.0 1632.4 1615.1 1580.8 1

 2 Treasury securities 72.2 53.9 40.1 29.2 23.4 24.3 20.5 21.2 22.9 24.3 25.0 2

 3 Agency- and GSE-backed securities (1) 323.7 99.6 3.6 0.3 0.3 0.1 0.2 0.1 0.1 0.1 0.1 3

 4 Other loans and advances 379.8 252.2 167.8 162.4 161.7 150.2 150.8 147.6 151.1 150.2 153.9 4

 5 Mortgages (2) 2619.0 2249.3 1921.5 1702.9 1492.4 1356.1 1454.2 1410.7 1375.2 1356.1 1321.4 5

 6 Home 1901.2 1577.6 1302.2 1109.0 928.2 791.2 894.6 855.6 821.0 791.2 767.6 6

 7 Multifamily residential 113.1 107.0 98.4 90.7 81.1 74.9 77.6 74.8 74.3 74.9 73.7 7

 8 Commercial 604.7 564.8 520.8 503.2 483.1 490.0 482.0 480.2 479.9 490.0 480.1 8

 9 Consumer credit 610.2 572.5 50.3 46.2 50.0 48.6 50.0 48.2 48.5 48.6 46.2 9

 10 Trade credit 95.5 61.3 51.8 47.6 41.2 35.7 40.1 36.2 34.6 35.7 34.3 10

 11 Total liabilities 4103.2 3291.0 2235.1 1988.6 1768.9 1615.1 1715.9 1664.0 1632.4 1615.1 1580.8 11

 12 Commercial paper 559.3 293.1 120.2 96.0 87.0 79.9 88.0 79.6 79.2 79.9 73.7 12

 13 Corporate bonds (net) (3) 3544.0 2998.0 2114.9 1892.5 1681.9 1535.2 1627.8 1584.4 1553.2 1535.2 1507.1 13

 Memo:

 Securitized assets not included above

 14 Consumer leases (4) 2.7 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 REIT assets (5) 45.4 18.6 18.1 14.3 15.6 18.3 16.0 17.7 18.1 18.3 18.0 15

 Securitized liabilities not included above

 16 Commercial paper (6) 0.0 0.0 112.9 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

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

 The leased automobile is a nonfinancial asset.

(5) Included in table L.127.

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

L.126 Finance Companies (1)

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

 1 Total financial assets 1851.7 1662.5 1588.5 1569.3 1493.7 1472.8 1480.2 1476.1 1487.9 1472.8 1466.6 1

 2 Checkable deposits and currency 16.5 17.0 26.5 31.7 27.8 32.1 30.2 30.0 34.2 32.1 33.3 2

 3 Time and savings deposits 49.4 51.0 79.6 95.0 83.5 96.2 90.5 90.0 102.5 96.2 99.9 3

 4 Credit market instruments 1769.4 1549.7 1405.4 1359.6 1324.9 1293.1 1311.6 1310.6 1311.2 1293.1 1281.5 4

 5 Corporate and foreign bonds 192.4 198.6 84.1 85.0 78.7 67.9 75.0 70.1 70.0 67.9 71.8 5

 6 Other loans and advances 539.9 448.9 372.7 375.8 387.0 389.0 390.9 394.8 396.9 389.0 385.7 6

 7 Mortgages 482.9 430.3 243.5 211.2 179.5 157.0 174.4 171.2 165.9 157.0 154.1 7

 8 Consumer credit 554.3 471.9 705.0 687.6 679.8 679.1 671.3 674.6 678.5 679.1 669.9 8

 9 Miscellaneous assets 16.4 44.8 77.0 83.1 57.4 51.4 47.9 45.4 39.9 51.4 51.9 9

 10 Total liabilities 1880.5 1630.3 1558.7 1532.7 1445.6 1424.0 1428.8 1422.7 1432.2 1424.0 1410.4 10

 11 Credit market instruments 1200.3 1044.1 1280.7 1261.9 1205.1 1209.3 1193.0 1196.0 1206.6 1209.3 1194.3 11

 12 Open market paper 100.9 62.1 111.0 121.0 129.1 118.8 121.8 119.6 124.9 118.8 114.0 12

 13 Corporate bonds 924.5 837.5 1078.2 1038.8 957.5 961.9 952.5 949.0 955.1 961.9 956.9 13

 14 Depository institution loans n.e.c. 174.9 144.5 91.5 102.1 118.5 128.6 118.7 127.5 126.7 128.6 123.4 14

 15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Taxes payable 15.4 12.7 6.0 6.7 6.7 6.8 6.9 6.8 7.0 6.8 6.9 16

 17 Miscellaneous liabilities 664.8 573.6 271.9 264.1 233.8 207.9 228.9 219.9 218.5 207.9 209.1 17

 18 Foreign direct investment in U.S. 78.1 90.0 114.7 96.1 96.3 74.8 95.3 95.9 96.2 74.8 74.7 18

 19 Investment by parent 313.0 280.5 175.7 163.7 162.8 161.8 160.4 162.6 163.0 161.8 167.1 19

 20 Other 273.7 203.1 -18.4 4.3 -25.3 -28.7 -26.9 -38.7 -40.7 -28.7 -32.7 20

 Memo:

 21 Consumer leases not included above (2) 111.1 85.4 111.8 119.7 144.0 167.3 149.8 157.2 163.9 167.3 172.1 21

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

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

e

v

els

86 Z.1, June 5, 2014

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

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 250.6 262.8 302.4 433.4 594.2 506.6 595.5 589.7 558.2 506.6 510.6 1

 2 Checkable deposits and currency 18.4 30.9 25.1 27.6 35.3 34.0 40.9 37.5 39.9 34.0 32.9 2

 3 Credit market instruments 177.6 167.2 211.1 331.2 458.5 360.6 448.7 437.2 416.9 360.6 354.2 3

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

 5 Corporate and foreign bonds 11.7 16.0 23.2 27.0 36.5 36.3 39.8 39.7 40.0 36.3 35.1 5

 6 Mortgages 76.3 46.0 44.6 56.1 64.5 62.4 63.1 70.0 70.1 62.4 65.5 6

 7 Home 34.3 8.9 9.0 19.8 26.5 23.1 26.6 31.2 31.1 23.1 24.1 7

 8 Multifamily residential 4.3 2.3 2.0 1.7 1.9 2.4 2.1 2.8 2.7 2.4 2.2 8

 9 Commercial 37.7 34.8 33.7 34.6 36.1 36.9 34.3 36.0 36.3 36.9 39.2 9

 10 Miscellaneous assets 54.6 64.8 66.1 74.7 100.4 112.0 105.9 115.0 101.4 112.0 123.5 10

 11 Total liabilities 511.6 489.9 523.9 654.4 817.8 770.4 814.4 813.3 787.8 770.4 778.3 11

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

 13 Credit market instruments 367.4 339.8 339.9 365.5 401.0 444.2 403.0 412.9 422.4 444.2 456.8 13

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

 15 Corporate bonds 171.0 144.4 145.4 152.9 179.6 218.0 182.4 189.0 197.7 218.0 225.6 15

 16 Depository institution loans n.e.c. 32.8 20.2 18.4 23.0 27.0 24.0 21.1 23.2 27.6 24.0 27.1 16

 17 Mortgages 163.5 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 204.1 17

 18 Miscellaneous liabilities 64.9 59.6 63.7 70.8 96.3 72.2 89.4 90.6 76.6 72.2 79.4 18

 Memo:

 19 Securitized assets included above 45.4 18.6 18.1 14.3 15.6 18.3 16.0 17.7 18.1 18.3 18.0 19

 20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Home mortgages 31.8 6.1 7.2 6.5 10.2 14.2 10.6 12.6 12.8 14.2 14.1 21

 22 Multifamily residential mortgages 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 22

 23 Commercial mortgages 13.2 12.2 10.6 7.5 5.2 3.8 5.0 4.8 5.0 3.8 3.6 23

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on L.127.e and L.127.m.
L

e

v

els

Z.1, June 5, 2014 87

L.128 Security Brokers and Dealers

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3505.6 3269.3 3503.6 3532.8 3706.5 3408.4 3607.7 3561.9 3473.5 3408.4 3275.6 1

 2 Checkable deposits and currency 120.1 90.7 96.9 111.8 128.2 111.7 111.6 121.8 116.8 111.7 105.4 2

 3 Security repurchase agreements 1288.4 1185.0 1428.5 1583.1 1638.2 1321.0 1518.5 1478.9 1413.9 1321.0 1267.5 3

 4 Credit market instruments 717.4 525.3 557.5 563.2 652.3 476.9 602.7 516.9 499.1 476.9 472.4 4

 5 Open market paper 65.7 41.5 36.2 42.1 29.9 28.7 30.0 29.4 31.0 28.7 28.2 5

 6 Treasury securities 190.6 123.0 94.5 183.6 246.5 136.0 202.6 165.6 166.3 136.0 152.8 6

 7 Agency- and GSE-backed securities 242.6 110.9 149.8 147.7 169.6 114.2 153.9 125.8 105.7 114.2 87.9 7

 8 Municipal securities 38.7 35.4 40.0 30.9 26.6 18.6 31.0 19.0 18.3 18.6 21.1 8

 9 Corporate and foreign bonds 123.8 154.4 189.5 104.5 140.0 128.9 148.0 134.8 134.1 128.9 128.5 9

 10 Other loans and advances 55.9 60.1 47.4 54.3 39.6 50.4 37.2 42.2 43.8 50.4 53.9 10

 11 Corporate equities 109.2 124.2 117.2 103.2 126.7 172.4 117.1 121.4 126.8 172.4 185.0 11

 12 Security credit 164.8 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 351.7 12

 13 Miscellaneous assets 1105.7 1141.0 1025.3 932.6 857.4 987.2 949.8 1020.4 1003.3 987.2 893.6 13

 14 Total liabilities 3446.5 3162.7 3404.3 3452.1 3614.4 3313.8 3511.1 3466.1 3379.8 3313.8 3184.2 14

 15 Security repurchase agreements 2107.2 1810.4 2006.3 2076.7 2207.9 1768.6 2084.7 2001.0 1909.9 1768.6 1692.8 15

 16 Credit market instruments 142.6 92.9 129.7 91.8 90.2 112.4 89.1 103.1 96.1 112.4 115.7 16

 17 Corporate bonds 97.1 92.9 129.7 91.8 90.2 112.4 89.1 103.1 96.1 112.4 115.7 17

 18 Depository institution loans n.e.c. (1) 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Trade payables 21.2 70.1 18.1 14.3 14.2 14.5 15.4 15.6 13.3 14.5 13.1 19

 20 Security credit 777.2 733.7 763.5 795.4 828.2 897.1 821.6 870.0 870.0 897.1 905.1 20

 21 From households 737.4 701.7 725.2 726.1 757.0 815.5 743.6 794.0 791.5 815.5 818.7 21

 22 From U.S.-chartered depository institutions 23.7 20.4 23.6 35.8 45.0 52.9 47.9 51.8 53.9 52.9 58.4 22

 23 From foreign banking offices in U.S. 16.1 11.6 14.7 33.5 26.2 28.7 30.2 24.2 24.7 28.7 28.0 23

 24 Taxes payable 2.5 5.7 3.6 2.5 3.1 3.7 4.4 4.4 4.6 3.7 2.6 24

 25 Miscellaneous liabilities 395.9 450.0 483.0 471.4 470.9 517.5 495.9 471.9 485.8 517.5 455.0 25

 26 Foreign direct investment in U.S. 72.1 64.4 88.5 96.3 103.5 108.8 105.1 106.1 106.9 108.8 110.8 26

 27 Investment by parent companies 672.1 1119.3 1122.9 1163.3 1629.2 1677.0 1638.2 1651.0 1620.4 1677.0 1690.6 27

 28 Other -348.3 -733.7 -728.3 -788.1 -1261.8 -1268.3 -1247.4 -1285.2 -1241.5 -1268.3 -1346.4 28

(1) Includes loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
L

e

v

els

88 Z.1, June 5, 2014

L.129 Holding Companies (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 2430.3 3317.2 3312.7 3357.3 4319.6 4276.4 4415.0 4372.1 4385.8 4276.4 4319.4 1

 2 Time and savings deposits 0.7 11.2 10.0 12.4 37.8 40.7 34.4 36.4 35.8 40.7 42.5 2

 3 Federal funds and security repos 0.3 48.2 50.3 50.5 11.5 8.7 11.3 7.8 10.7 8.7 8.6 3

 4 Credit market instruments 73.0 75.8 97.9 101.1 219.5 161.9 226.0 239.2 229.2 161.9 155.1 4

 5 Treasury securities 3.1 5.8 19.6 26.8 9.0 18.8 10.6 20.9 18.8 18.8 18.7 5

 6 Agency- and GSE-backed securities 25.8 24.3 21.1 33.1 25.2 31.7 29.1 27.8 32.0 31.7 29.6 6

 7 Corporate and foreign bonds 35.8 31.1 38.3 18.3 79.9 35.7 80.3 79.8 78.0 35.7 33.8 7

 8 Other loans and advances 8.2 14.6 18.9 22.9 105.3 75.7 106.0 110.7 100.5 75.7 73.0 8

 9 Life insurance reserves 19.3 21.4 25.1 27.6 34.9 39.9 36.1 36.4 37.5 39.9 42.5 9

 10 Miscellaneous assets 2337.0 3160.6 3129.4 3165.9 4015.8 4025.2 4107.2 4052.2 4072.6 4025.2 4070.8 10

 11 Net trans. with depository subs. 1370.5 1599.5 1632.8 1709.0 1889.2 1944.2 1916.9 1880.5 1898.1 1944.2 1977.8 11

 12 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 22.4 14.7 16.7 16.7 14.9 14.7 14.6 12

 13 Net trans. with life insurance company subs. 31.2 40.5 62.7 72.0 17.2 10.7 17.4 17.3 17.7 10.7 11.0 13

 14 Net trans. with finance company subs. 232.6 209.3 115.0 94.6 91.1 75.4 74.7 75.8 75.9 75.4 77.8 14

 15 Net trans. with broker and dealer subs. 155.2 596.1 626.6 613.5 1060.5 1092.8 1054.3 1072.5 1032.3 1092.8 1097.0 15

 16 Net trans. with foreign subs. 101.5 125.1 135.6 166.3 114.7 85.7 137.2 100.7 127.3 85.7 95.8 16

 17 Other 446.0 590.3 556.7 510.4 820.7 801.7 890.0 888.8 906.4 801.7 796.8 17

 18 Total liabilities 1231.5 1802.2 1760.0 1703.1 2252.4 2157.1 2311.5 2276.6 2272.4 2157.1 2157.1 18

 19 Federal funds and security repos 0.7 0.6 0.8 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Credit market instruments 807.9 1253.7 1237.2 1220.8 1418.6 1402.7 1412.4 1375.0 1363.4 1402.7 1405.5 20

 21 Commercial paper 77.7 60.8 64.7 75.9 116.4 96.6 117.7 110.6 109.4 96.6 89.7 21

 22 Corporate bonds 638.9 1028.7 982.2 890.6 1105.3 1095.6 1093.8 1059.2 1071.3 1095.6 1107.2 22

 23 Depository institution loans n.e.c. 91.3 164.2 190.3 254.3 196.8 210.6 200.9 205.2 182.8 210.6 208.6 23

 24 Miscellaneous liabilities 422.9 548.0 522.0 481.1 833.8 754.4 899.1 901.5 908.9 754.4 751.6 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.
L

e

v

els

Z.1, June 5, 2014 89

L.130 Funding Corporations (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 2686.9 2236.9 2120.1 2048.3 2077.2 2022.9 2102.7 2057.2 2058.1 2022.9 2049.9 1

 2 Money market fund shares 905.8 752.1 604.1 514.9 486.1 381.6 445.3 396.1 413.4 381.6 357.7 2

 3 Security repurchase agreements 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 987.5 733.3 821.6 845.6 896.2 933.5 930.5 940.6 938.0 933.5 974.7 4

 5 Open market paper 284.4 0.1 40.0 33.8 11.4 2.9 27.3 20.7 19.3 2.9 31.9 5

 6 Corporate and foreign bonds 667.3 710.2 760.1 792.4 871.9 920.0 890.2 908.0 908.3 920.0 931.7 6

 7 Other loans and advances 35.9 22.9 21.4 19.4 12.9 10.6 12.9 11.8 10.4 10.6 11.1 7

 8 Corporate equities (2) 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 793.5 726.3 667.9 687.6 694.8 707.8 726.8 720.6 706.8 707.8 717.5 9

 10 Investment in foreign banking offices 276.6 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 10

 11 Investment in brokers and dealers 516.9 523.2 496.4 549.7 568.8 584.3 583.9 578.5 588.1 584.3 593.6 11

 12 Total liabilities 2686.9 2236.9 2120.1 2048.3 2077.2 2022.9 2102.7 2057.2 2058.1 2022.9 2049.9 12

 13 Credit market instruments 1252.8 816.8 704.2 651.8 593.5 620.5 625.2 619.9 612.2 620.5 642.8 13

 14 Open market paper 388.0 261.7 167.1 94.3 29.0 45.2 51.7 52.1 29.1 45.2 62.4 14

 15 Corporate bonds 419.9 457.8 454.6 526.2 561.5 572.9 571.0 565.4 580.8 572.9 578.0 15

 16 Depository institution loans n.e.c. (3) 444.9 95.3 73.4 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other loans and advances (4) 0.0 2.0 9.2 9.8 3.0 2.4 2.5 2.4 2.4 2.4 2.4 17

 18 Miscellaneous liabilities 1434.1 1420.2 1415.9 1396.5 1483.7 1402.3 1477.5 1437.3 1445.9 1402.3 1407.1 18

 19 Foreign direct investment in U.S. 10.2 10.8 11.4 12.0 12.6 13.2 12.8 12.9 13.1 13.2 13.4 19

 20 Securities loaned (net) 887.0 856.8 733.4 658.7 579.5 673.5 638.6 713.2 702.3 673.5 638.8 20

 21 Equity interest under PPIP 0.0 1.8 7.7 8.8 8.7 8.7 8.7 8.7 8.7 8.7 8.7 21

 22 Other (net) 536.8 550.7 663.4 717.0 882.8 706.9 817.4 702.5 721.9 706.9 746.3 22

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
L

e

v

els

90 Z.1, June 5, 2014

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 74.2 175.1 175.8 183.8 181.8 174.3 175.5 174.5 177.3 174.3 174.2 1

 2 Federal government: SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 2

 3 Rest of the world 66.6 119.7 121.4 129.6 127.5 119.9 122.5 121.4 123.1 119.9 119.6 3

 4 SDR holdings 9.3 57.8 56.8 55.0 55.1 55.2 53.7 53.9 55.0 55.2 55.4 4

 5 Reserve position in IMF (net) 7.7 11.4 12.5 22.8 22.6 17.2 21.3 20.6 19.8 17.2 16.2 5

 6 Foreign currency holdings 49.6 50.5 52.1 51.9 49.9 47.6 47.5 46.9 48.3 47.6 48.0 6

 7 Total assets 85.2 186.1 186.8 194.9 192.8 185.4 186.5 185.5 188.3 185.4 185.2 7

 8 Federal government 41.9 94.6 95.4 103.9 102.8 96.4 99.0 98.2 99.2 96.4 95.8 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 SDR holdings 9.3 57.8 56.8 55.0 55.1 55.2 53.7 53.9 55.0 55.2 55.4 10

 11 Reserve position in IMF (net) 7.8 11.5 12.6 23.0 22.8 17.4 21.5 20.8 20.1 17.4 16.4 11

 12 Foreign currency holdings 24.8 25.2 26.0 25.8 24.9 23.8 23.8 23.4 24.1 23.8 24.0 12

 13 Rest of the world: SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 52.9 53.1 54.2 54.4 54.6 13

 14 Monetary authority 35.7 36.2 37.0 36.8 35.8 34.6 34.5 34.3 35.0 34.6 34.8 14

 15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

 16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.3 -0.2 -0.2 -0.3 -0.3 -0.2 -0.2 -0.2 16

 17 Foreign currency holdings 24.8 25.3 26.1 26.0 25.0 23.8 23.7 23.5 24.2 23.8 24.0 17

 18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

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

 SDR certificates:

 1 Liab: Federal government 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 26.6 26.2 25.9 25.9 25.9 25.6 25.9 25.9 25.6 25.6 25.6 3

 4 Asset: Monetary authority 38.7 42.7 43.5 44.2 44.8 45.5 45.0 45.1 45.3 45.5 45.7 4

 5 Discrepancy (seigniorage) -12.1 -16.5 -17.6 -18.3 -18.8 -19.9 -19.0 -19.2 -19.8 -19.9 -20.2 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 946.7 835.9 826.6 780.3 750.1 805.9 774.3 853.1 848.1 805.9 766.0 1

 Held by:

 2 Household sector 56.9 50.2 49.7 46.9 45.1 48.4 46.5 51.3 51.0 48.4 43.6 2

 3 Nonfinancial corporate business 24.7 31.5 40.6 34.8 35.8 80.6 47.6 61.7 64.9 80.6 64.5 3

 4 Money market mutual funds 85.6 97.1 105.9 42.9 43.3 33.7 48.7 37.1 36.3 33.7 19.4 4

 5 Discrepancy--unallocated assets 779.5 657.0 630.4 655.6 625.9 643.2 631.5 703.1 695.9 643.2 638.5 5
L

e

v

els

Z.1, June 5, 2014 91

L.203 Net Interbank Transactions

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 1752.4 1215.5 1068.5 1889.0 1683.8 2790.8 2096.9 2580.5 2767.7 2790.8 2996.2 1

 2 Monetary authority 917.7 1031.9 1020.8 1623.1 1562.1 2322.7 1850.0 2073.5 2294.6 2322.7 2509.2 2

 3 U.S.-chartered depository institutions 1130.1 633.7 428.3 164.9 36.7 227.3 96.6 135.4 191.0 227.3 212.4 3

 4 Foreign banking offices in U.S. -225.6 -377.8 -347.1 157.5 155.6 309.0 219.7 438.6 351.6 309.0 346.3 4

 5 Banks in U.S.-affiliated areas -3.2 -4.2 -3.3 -4.6 -4.9 -4.7 -4.6 -5.3 -5.0 -4.7 -5.5 5

 6 Credit unions -66.6 -68.1 -30.0 -51.9 -65.7 -63.5 -64.7 -61.8 -64.5 -63.5 -66.1 6

 7 Total assets 1763.8 1212.4 1043.8 1860.7 1663.8 2714.0 2047.0 2553.9 2734.8 2714.0 2949.1 7

 8 Rest of the world 287.9 86.0 24.2 238.1 102.1 392.2 197.6 481.0 440.6 392.2 440.4 8

 9 Monetary authority 558.2 94.5 -1.2 -0.4 -0.4 -0.9 -0.6 -0.6 -0.4 -0.9 -0.5 9

 10 U.S.-chartered depository institutions 674.8 716.3 628.5 859.5 869.6 1326.5 1040.7 1061.4 1284.6 1326.5 1376.1 10

 11 Foreign banking offices in U.S. 239.0 284.1 350.8 711.0 638.8 948.1 741.3 959.6 963.5 948.1 1071.1 11

 12 Credit unions 4.0 31.5 41.5 52.6 53.8 48.1 68.0 52.5 46.4 48.1 62.0 12

 13 Discrepancy -11.4 3.0 24.8 28.3 20.1 76.9 49.9 26.6 32.9 76.9 47.1 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 57.7 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.9 14

 15 Asset: U.S.-chartered depository institutions 57.7 54.9 52.7 60.8 71.1 73.6 59.6 60.2 62.2 73.6 64.8 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 860.0 977.0 968.1 1562.3 1491.0 2249.1 1790.4 2013.3 2232.4 2249.1 2444.3 17

 18 Asset: U.S.-chartered depository institutions 617.0 661.4 575.8 798.7 798.5 1252.9 981.1 1001.2 1222.5 1252.9 1311.3 18

 19 Foreign banking offices in U.S. 239.0 284.1 350.8 711.0 638.8 948.0 741.3 959.6 963.5 948.0 1071.0 19

 20 Credit unions 4.0 31.5 41.5 52.6 53.8 48.1 68.0 52.5 46.4 48.1 62.0 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions 558.2 94.5 -1.2 -0.4 -0.4 -0.9 -0.6 -0.6 -0.4 -0.9 -0.5 21

 22 Asset: Monetary authority 558.2 94.5 -1.2 -0.4 -0.4 -0.9 -0.6 -0.6 -0.4 -0.9 -0.5 22

 23 Federal Reserve float -1.5 -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 -0.7 -0.6 -1.0 -0.5 23

 24 Loans to member banks 559.7 96.6 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0.0 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 552.1 498.6 420.1 110.9 23.0 176.1 78.1 128.4 162.0 176.1 190.1 25

 26 Due to foreign affiliates 853.5 803.3 824.8 602.6 403.6 506.8 415.6 421.1 433.1 506.8 500.1 26

 27 - Due from foreign affiliates 301.4 304.7 404.6 491.7 380.6 330.7 337.5 292.7 271.1 330.7 310.0 27

 28 Foreign banking offices in U.S. (net) -263.6 -413.2 -376.1 135.9 84.3 220.6 123.6 358.0 278.6 220.6 252.9 28

 29 Due to foreign affiliates 812.9 787.3 841.2 1137.9 1047.9 1168.6 1061.0 1258.1 1153.6 1168.6 1184.1 29

 30 - Due from foreign affiliates 1076.5 1200.5 1217.3 1002.0 963.6 948.0 937.4 900.1 875.0 948.0 931.3 30

 31 Less: Deposits at foreign banks 31.3 21.7 35.3 22.9 20.3 20.0 19.9 20.2 18.3 20.0 20.5 31

 32 U.S.-chartered depository institutions 26.7 11.3 18.2 14.3 11.0 11.5 11.5 12.1 11.3 11.5 12.5 32

 33 Foreign banking offices in U.S. 4.7 10.4 17.0 8.6 9.3 8.5 8.4 8.1 7.0 8.5 8.0 33

 34 Plus: Loans from foreign banks 30.7 22.3 15.5 14.2 15.1 15.5 15.7 14.8 18.2 15.5 18.0 34

 35 U.S.-chartered depository institutions 11.7 9.7 6.3 6.7 6.4 6.4 6.7 7.3 7.6 6.4 6.8 35

 36 Foreign banking offices in U.S. 19.0 12.6 9.2 7.5 8.6 9.1 9.0 7.4 10.7 9.1 11.3 36

 37 Asset: Rest of the world (1) 287.9 86.0 24.2 238.1 102.1 392.2 197.6 481.0 440.6 392.2 440.4 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) 34.7 42.2 21.3 62.1 18.7 57.2 23.8 12.4 33.1 57.2 28.6 38

 39 Due to (3): 111.1 109.3 91.2 112.9 122.0 174.1 145.8 125.1 152.4 174.1 152.7 39

 40 Foreign banking offices in U.S. 52.7 33.9 33.1 28.2 31.3 29.0 26.5 31.5 50.0 29.0 34.0 40

 41 Banks in U.S.-affiliated areas 3.2 4.2 3.3 4.6 4.9 4.7 4.6 5.3 5.0 4.7 5.5 41

 42 Credit unions 66.6 68.1 30.0 51.9 65.7 63.5 64.7 61.8 64.5 63.5 66.1 42

 43 - Due from: Foreign banking offices in U.S. 76.3 67.0 69.9 50.8 103.3 116.9 122.0 112.6 119.3 116.9 124.2 43

 44 Unallocated (2) -11.4 3.0 24.8 28.3 20.1 76.9 49.9 26.6 32.9 76.9 47.1 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.
L

e

v

els

92 Z.1, June 5, 2014

L.204 Checkable Deposits and Currency

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 2101.3 2093.4 2359.8 2594.3 2853.8 3186.5 2872.9 2892.3 2924.6 3186.5 3185.6 1

 2 Monetary authority 1220.3 1102.7 1287.8 1165.7 1224.6 1364.1 1226.1 1298.1 1266.5 1364.1 1364.3 2

 3 Federal government cash and deposits 365.7 191.9 340.9 85.9 92.9 162.6 79.4 135.0 88.6 162.6 142.5 3

 4 Due to government-sponsored enterprises 21.1 35.1 13.5 64.6 27.2 25.9 20.2 19.5 24.1 25.9 10.8 4

 5 Deposits due to foreign 1.4 2.4 3.4 0.2 6.5 8.0 9.2 10.1 9.0 8.0 7.0 5

 6 Currency outside banks 832.2 873.3 930.0 1015.0 1098.1 1167.6 1117.3 1133.6 1144.9 1167.6 1204.0 6

 7 U.S.-chartered depository institutions 777.5 871.6 941.1 1260.5 1431.7 1579.8 1436.6 1372.9 1429.1 1579.8 1559.4 7

 8 Federal government deposits 3.5 3.8 3.6 1.0 1.3 1.6 1.5 1.3 1.3 1.6 1.7 8

 9 Deposits due to foreign 62.9 34.3 30.4 56.1 52.0 49.9 46.3 40.5 49.5 49.9 50.0 9

 10 Private domestic deposits 711.1 833.5 907.0 1203.5 1378.4 1528.3 1388.8 1331.0 1378.4 1528.3 1507.7 10

 11 Foreign banking offices in U.S. 13.5 16.1 21.9 45.6 61.8 92.6 63.7 73.4 82.0 92.6 101.5 11

 12 Deposits due to foreign 4.7 10.5 14.6 19.0 27.9 40.2 28.5 32.3 34.2 40.2 44.3 12

 13 Private domestic deposits 8.8 5.6 7.3 26.6 33.9 52.4 35.1 41.2 47.9 52.4 57.2 13

 14 Banks in U.S.-affiliated areas 14.6 16.1 16.6 19.4 21.9 28.2 22.1 26.3 27.7 28.2 27.3 14

 15 Credit unions 75.3 86.9 92.4 103.1 113.9 121.7 124.5 121.7 119.3 121.7 133.1 15

 16 Total assets 2101.3 2093.4 2359.8 2594.3 2853.8 3186.5 2872.9 2892.3 2924.6 3186.5 3185.6 16

 17 Household sector 294.9 396.0 423.6 752.0 897.8 1004.7 919.7 898.1 884.8 1004.7 1096.7 17

 18 Nonfinancial business 603.6 689.3 766.1 793.5 823.2 927.4 842.6 822.7 869.6 927.4 861.4 18

 19 Corporate 84.2 155.0 234.6 264.3 279.4 374.0 298.8 275.6 319.5 374.0 306.7 19

 20 Noncorporate 519.4 534.3 531.5 529.1 543.8 553.4 543.9 547.1 550.1 553.4 554.8 20

 21 State and local governments 79.8 99.0 104.7 121.5 117.8 124.3 115.1 112.4 116.0 124.3 121.0 21

 22 Federal government 368.0 193.6 342.1 84.3 92.0 162.9 79.4 135.2 88.5 162.9 142.4 22

 23 Rest of the world 370.1 361.0 390.5 472.3 540.6 590.0 543.2 551.5 573.9 590.0 618.4 23

 24 Checkable deposits 69.0 47.2 48.4 75.2 86.3 98.1 84.0 82.9 92.6 98.1 101.3 24

 25 Currency 301.1 313.8 342.1 397.1 454.2 491.9 459.2 468.7 481.3 491.9 517.1 25

 26 Financial sectors 378.4 348.2 327.1 364.2 375.4 372.0 368.0 367.4 385.8 372.0 339.4 26

 27 Property-casualty insurance companies 27.9 27.6 32.6 24.1 36.4 29.7 31.7 30.6 30.6 29.7 33.6 27

 28 Life insurance companies 82.8 50.7 51.7 53.7 56.4 47.2 56.3 45.5 53.5 47.2 50.2 28

 29 Private pension funds 13.4 10.4 12.6 18.3 18.0 17.5 18.0 18.4 18.1 17.5 17.7 29

 30 State and local govt. retirement funds 3.6 3.6 4.1 4.3 4.2 5.0 4.3 4.4 4.5 5.0 5.4 30

 31 Money market mutual funds 7.5 17.9 14.2 20.1 16.5 13.3 10.9 27.5 11.0 13.3 15.5 31

 32 Government-sponsored enterprises 88.3 99.4 63.4 72.7 52.6 81.6 64.1 51.7 77.4 81.6 45.4 32

 33 Finance companies 16.5 17.0 26.5 31.7 27.8 32.1 30.2 30.0 34.2 32.1 33.3 33

 34 REITs 18.4 30.9 25.1 27.6 35.3 34.0 40.9 37.5 39.9 34.0 32.9 34

 35 Brokers and dealers 120.1 90.7 96.9 111.8 128.2 111.7 111.6 121.8 116.8 111.7 105.4 35

 36 Mail float 6.4 6.3 5.7 6.5 7.2 5.1 4.8 5.1 5.9 5.1 6.2 36
L

e

v

els

Z.1, June 5, 2014 93

L.205 Time and Savings Deposits 

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 8088.8 8432.5 8548.1 8952.2 9463.7 9872.9 9521.6 9572.5 9789.7 9872.9 10075.6 1

 2 Small time and savings deposits 5749.3 6326.5 6624.9 7202.2 7803.9 8110.8 7869.1 7890.1 8052.9 8110.8 8265.0 2

 3 U.S.-chartered depository institutions 5144.6 5617.0 5888.6 6425.7 6979.2 7236.0 7018.6 7033.2 7183.1 7236.0 7374.9 3

 4 Foreign banking offices in U.S. 25.6 29.9 35.7 48.9 62.7 90.4 67.9 70.6 85.9 90.4 84.7 4

 5 Banks in U.S.-affiliated areas 27.4 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 5

 6 Credit unions 551.7 655.2 681.3 708.7 743.1 763.1 763.4 765.7 762.2 763.1 784.7 6

 7 Large time deposits (1) 2339.5 2105.9 1923.2 1750.0 1659.9 1762.0 1652.5 1682.4 1736.8 1762.0 1810.6 7

 8 U.S.-chartered depository institutions 1365.6 1029.9 896.1 882.9 803.0 826.9 777.6 804.4 799.3 826.9 815.5 8

 9 Foreign banking offices in U.S. 876.2 1024.2 977.7 814.6 798.4 869.5 814.4 816.0 872.4 869.5 927.8 9

 10 Banks in U.S.-affiliated areas 27.4 24.5 19.3 18.9 18.8 21.4 19.1 20.6 21.7 21.4 20.7 10

 11 Credit unions 70.4 27.3 30.1 33.5 39.7 44.3 41.3 41.4 43.4 44.3 46.6 11

 12 Total assets 8088.8 8432.5 8548.1 8952.2 9463.7 9872.9 9521.6 9572.5 9789.7 9872.9 10075.6 12

 13 Household sector 6239.3 6330.8 6455.9 6827.7 7191.2 7388.7 7238.7 7248.8 7333.4 7388.7 7551.6 13

 14 Nonfinancial business 670.0 842.1 905.0 922.1 964.0 1031.6 973.8 991.7 1030.7 1031.6 1044.7 14

 15 Corporate 311.9 488.8 548.7 561.9 598.8 657.3 607.9 623.0 659.3 657.3 668.9 15

 16 Noncorporate 358.1 353.3 356.2 360.1 365.2 374.3 365.8 368.7 371.4 374.3 375.8 16

 17 State and local governments 238.3 248.0 241.6 256.8 289.8 302.5 293.9 292.1 299.7 302.5 307.7 17

 18 Federal government 1.6 1.9 2.0 1.7 2.0 1.5 1.6 1.8 1.9 1.5 1.5 18

 19 Rest of the world 366.7 293.5 302.5 349.7 386.8 435.5 385.8 392.3 412.8 435.5 447.2 19

 20 Financial sectors 573.0 716.2 641.2 594.2 629.8 713.0 627.8 645.8 711.2 713.0 722.9 20

 21 Private pension funds 30.2 33.0 32.1 33.4 31.6 31.1 31.6 31.2 31.0 31.1 31.5 21

 22 State and local govt. retirement funds 27.5 28.7 34.6 37.4 37.1 44.8 38.4 39.0 40.0 44.8 47.7 22

 23 Money market mutual funds 396.8 566.6 458.9 402.7 435.4 494.9 429.2 444.3 494.4 494.9 493.4 23

 24 Government-sponsored enterprises 68.5 25.7 26.1 13.4 4.3 5.4 3.6 4.8 7.5 5.4 7.9 24

 25 Finance companies 49.4 51.0 79.6 95.0 83.5 96.2 90.5 90.0 102.5 96.2 99.9 25

 26 Holding companies 0.7 11.2 10.0 12.4 37.8 40.7 34.4 36.4 35.8 40.7 42.5 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 3757.3 3258.6 2755.4 2642.5 2649.6 2678.3 2552.1 2541.9 2637.4 2678.3 2591.5 1

 2 Household sector 1580.9 1313.0 1130.2 1110.2 1107.4 1130.4 1055.7 1048.3 1089.9 1130.4 1091.1 2

 3 Nonfinancial corporate business 727.0 655.5 497.8 462.4 480.6 521.1 476.0 473.1 504.0 521.1 497.1 3

 4 Nonfinancial noncorporate business 75.4 73.7 76.8 77.7 78.8 80.7 78.9 79.5 80.1 80.7 81.0 4

 5 State and local governments 125.7 135.5 149.2 152.6 158.0 162.9 161.7 164.2 163.3 162.9 164.8 5

 6 Rest of the world 69.7 76.9 69.8 79.5 99.7 164.0 102.1 152.9 156.8 164.0 163.8 6

 7 Property-casualty insurance companies 32.8 29.6 25.6 20.0 22.3 20.0 21.3 18.1 18.1 20.0 18.4 7

 8 Life insurance companies 39.2 33.7 21.0 28.8 27.5 21.6 20.6 19.1 21.6 21.6 20.3 8

 9 Private pension funds 156.2 147.4 137.3 154.1 150.2 148.7 150.1 149.6 148.1 148.7 147.0 9

 10 State and local govt. retirement funds 44.6 41.2 43.5 42.2 39.1 47.2 40.4 41.1 42.1 47.2 50.2 10

 11 Funding corporations 905.8 752.1 604.1 514.9 486.1 381.6 445.3 396.1 413.4 381.6 357.7 11
L

e

v

els

94 Z.1, June 5, 2014

L.207 Federal Funds and Security Repurchase Agreements

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 3661.8 3251.3 3666.0 3922.0 4172.7 3670.3 4008.0 3846.5 3781.7 3670.3 3707.4 1

 2 Rest of the world 508.4 530.5 731.8 808.0 847.7 738.9 830.1 790.1 802.4 738.9 793.3 2

 3 Monetary authority 88.4 77.7 59.7 99.9 107.2 315.9 105.5 95.2 157.4 315.9 341.0 3

 4 U.S.-chartered depository institutions 727.2 532.1 484.0 402.5 349.9 265.2 327.3 325.1 301.3 265.2 267.2 4

 5 Foreign banking offices in U.S. 131.7 195.2 250.0 304.4 325.0 312.7 323.6 310.0 306.7 312.7 356.5 5

 6 Credit unions 2.4 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 2.4 0.6 1.5 0.4 0.8 2.2 1.1 1.4 1.8 2.2 2.8 7

 8 Life insurance companies 12.9 12.4 10.3 10.4 13.5 12.7 13.7 13.8 13.4 12.7 11.7 8

 9 Government-sponsored enterprises 1.3 1.2 1.3 0.4 0.0 0.0 0.2 0.0 0.0 0.0 0.0 9

 10 REITs 79.4 90.5 120.4 218.1 320.6 254.0 322.0 309.8 288.8 254.0 242.2 10

 11 Brokers and dealers 2107.2 1810.4 2006.3 2076.7 2207.9 1768.6 2084.7 2001.0 1909.9 1768.6 1692.8 11

 12 Holding companies 0.7 0.6 0.8 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Total assets 3573.4 3040.7 3395.8 3637.8 4016.4 3700.6 3913.6 3780.8 3770.7 3700.6 3722.9 13

 14 Nonfinancial corporate business 7.2 7.9 12.1 12.6 9.7 8.8 9.3 8.7 12.5 8.8 10.6 14

 15 State and local governments 129.8 125.5 124.1 120.5 125.2 129.6 128.2 130.4 129.8 129.6 131.2 15

 16 Rest of the world 623.3 561.5 635.8 763.1 765.7 822.0 821.1 791.8 794.4 822.0 870.0 16

 17 Monetary authority 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 U.S.-chartered depository institutions 575.1 266.9 267.6 242.6 303.7 215.7 259.6 238.0 218.0 215.7 215.7 18

 19 Foreign banking offices in U.S. 68.1 68.2 88.4 120.1 178.3 177.1 178.7 181.1 199.3 177.1 200.3 19

 20 Credit unions 0.1 0.1 0.0 15.9 9.7 0.1 0.4 0.2 0.1 0.1 0.2 20

 21 Property-casualty insurance companies 4.4 4.5 3.8 1.7 1.8 1.8 1.7 1.5 1.5 1.8 1.6 21

 22 Life insurance companies 8.0 10.2 10.9 10.1 8.5 8.5 6.8 6.6 8.0 8.5 6.6 22

 23 Private pension funds 2.8 2.9 2.7 2.7 2.6 2.5 2.6 2.5 2.5 2.5 2.6 23

 24 State and local govt. retirement funds 3.1 3.0 3.4 3.4 3.3 3.9 3.4 3.4 3.5 3.9 4.2 24

 25 Money market mutual funds 542.4 480.0 479.4 490.5 544.7 493.0 470.3 450.4 489.1 493.0 506.2 25

 26 Mutual funds 124.7 153.3 137.5 108.7 262.7 355.7 307.9 328.2 354.0 355.7 370.6 26

 27 Government-sponsored enterprises 115.8 123.3 151.2 112.3 150.8 152.3 193.6 151.3 133.4 152.3 127.3 27

 28 Brokers and dealers 1288.4 1185.0 1428.5 1583.1 1638.2 1321.0 1518.5 1478.9 1413.9 1321.0 1267.5 28

 29 Holding companies 0.3 48.2 50.3 50.5 11.5 8.7 11.3 7.8 10.7 8.7 8.6 29

 30 Funding corporations 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Discrepancy 88.5 210.6 270.2 284.2 156.2 -30.3 94.5 65.7 10.9 -30.3 -15.5 31
L

e

v

els

Z.1, June 5, 2014 95

L.208 Open Market Paper

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total outstanding, all types 1599.8 1138.0 1057.6 969.3 952.4 951.6 1001.2 990.6 976.9 951.6 992.2 1

 2 Commercial paper 1599.3 1137.4 1057.5 969.2 952.4 951.6 1001.2 990.6 976.9 951.6 992.2 2

 3 Nonfinancial corporate business 131.5 58.4 82.9 116.3 130.3 144.5 140.1 147.2 171.2 144.5 180.2 3

 4 Foreign issues in U.S. 342.0 401.3 398.6 345.1 373.0 407.0 407.4 417.4 405.9 407.0 413.8 4

 5 Nonfinancial 49.7 34.5 30.6 30.2 40.4 51.6 34.4 51.2 57.5 51.6 49.6 5

 6 Financial 292.3 366.8 368.0 314.9 332.6 355.4 373.0 366.2 348.4 355.4 364.3 6

 7 Financial business 1125.8 677.6 575.9 507.8 449.1 400.2 453.8 426.0 399.9 400.2 398.2 7

 8 U.S.-chartered depository institutions 0.0 0.0 112.9 120.6 87.5 59.7 74.4 64.2 57.3 59.7 58.4 8

 9 ABS issuers 559.3 293.1 120.2 96.0 87.0 79.9 88.0 79.6 79.2 79.9 73.7 9

 10 Finance companies 100.9 62.1 111.0 121.0 129.1 118.8 121.8 119.6 124.9 118.8 114.0 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 77.7 60.8 64.7 75.9 116.4 96.6 117.7 110.6 109.4 96.6 89.7 12

 13 Funding corporations 388.0 261.7 167.1 94.3 29.0 45.2 51.7 52.1 29.1 45.2 62.4 13

 14 Bankers’ acceptances (1) 0.5 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 U.S.-chartered depository institutions 0.5 0.6 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holdings, by sector 1599.8 1138.0 1057.6 969.3 952.4 951.6 1001.2 990.6 976.9 951.6 992.2 17

 18 Household sector 6.0 22.7 21.1 19.4 18.8 15.0 18.0 17.8 17.6 15.0 14.3 18

 19 Nonfinancial corporate business 57.3 56.0 68.0 67.9 59.8 30.3 56.2 50.2 42.0 30.3 32.9 19

 20 State and local governments 127.5 88.4 101.4 90.2 83.0 75.2 82.4 81.1 78.0 75.2 73.6 20

 21 Rest of the world 232.9 191.5 191.0 191.7 195.2 197.2 203.9 200.2 187.3 197.2 199.5 21

 22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 U.S.-chartered depository institutions (1) 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Property-casualty insurance companies 19.1 9.8 7.9 8.8 7.4 8.0 7.4 6.6 6.9 8.0 7.7 26

 27 Life insurance companies 38.3 49.8 40.9 29.7 43.6 46.7 39.3 39.7 44.4 46.7 44.7 27

 28 Private pension funds 44.3 45.3 42.6 44.7 42.0 38.0 42.4 41.8 40.1 38.0 39.3 28

 29 State and local govt. retirement funds 31.7 32.3 38.0 40.3 39.6 47.9 41.0 41.7 42.7 47.9 50.9 29

 30 Money market mutual funds 618.5 510.5 394.2 354.2 340.8 352.1 350.6 356.6 357.9 352.1 354.3 30

 31 Mutual funds 51.6 80.2 66.3 40.0 77.5 105.2 98.5 100.7 104.6 105.2 110.1 31

 32 Government-sponsored enterprises 6.8 9.7 9.9 6.5 3.4 4.4 4.2 4.3 5.0 4.4 4.8 32

 33 Brokers and dealers 65.7 41.5 36.2 42.1 29.9 28.7 30.0 29.4 31.0 28.7 28.2 33

 34 Funding corporations 284.4 0.1 40.0 33.8 11.4 2.9 27.3 20.7 19.3 2.9 31.9 34

(1) Excludes banks’ holdings of own acceptances.
L

e

v

els

96 Z.1, June 5, 2014

L.209 Treasury Securities

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 6338.2 7781.9 9361.5 10428.3 11568.9 12328.3 11905.5 11887.9 11956.8 12328.3 12590.8 1

 2 U.S. savings securities (1) 194.1 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 2

 3 Treasury bills 1861.2 1787.9 1768.9 1519.5 1626.5 1590.6 1788.2 1568.1 1527.9 1590.6 1650.2 3

 4 Other Treasury securities 4282.9 5802.7 7404.6 8723.6 9759.9 10558.5 9935.5 10138.9 10248.8 10558.5 10762.2 4

 5 Total assets 6338.2 7781.9 9361.5 10428.3 11568.9 12328.3 11905.5 11887.9 11956.8 12328.3 12590.8 5

 6 Household sector 188.7 859.7 1134.4 715.6 941.0 935.4 966.2 1009.0 980.8 935.4 841.2 6

 7 U.S. savings securities (1) 194.1 191.3 188.0 185.3 182.5 179.2 181.8 181.0 180.0 179.2 178.4 7

 8 Bills and other Treasury securities -5.4 668.4 946.4 530.3 758.5 756.2 784.4 828.1 800.8 756.2 662.9 8

 9 Nonfinancial corporate business 30.5 43.0 48.0 43.0 39.5 40.3 33.1 38.2 38.5 40.3 38.0 9

 10 Nonfinancial noncorporate business 51.8 46.1 48.1 48.6 49.3 50.5 49.4 49.7 50.1 50.5 50.7 10

 11 State and local governments 601.4 584.0 590.8 558.1 597.3 583.0 606.0 613.8 584.0 583.0 579.9 11

 12 Rest of the world 3253.0 3670.6 4458.8 5006.9 5573.8 5803.8 5721.8 5594.4 5654.7 5803.8 5960.1 12

 13 Treasury bills 758.0 750.4 710.3 647.7 664.0 686.0 723.9 675.4 645.0 686.0 688.9 13

 14 Other Treasury securities 2495.0 2920.2 3748.5 4359.2 4909.8 5117.7 4997.9 4919.0 5009.6 5117.7 5271.2 14

 15 Monetary authority 475.9 776.6 1021.5 1663.4 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 15

 16 Treasury bills 18.4 18.4 18.4 18.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Other Treasury securities 457.5 758.2 1003.1 1645.0 1666.1 2208.8 1796.0 1936.6 2072.3 2208.8 2319.6 17

 18 U.S.-chartered depository institutions 56.4 124.5 217.5 173.9 243.2 217.1 230.3 194.0 186.6 217.1 263.8 18

 19 Foreign banking offices in U.S. 35.5 57.5 60.9 60.5 76.6 67.0 79.5 66.9 69.3 67.0 66.3 19

 20 Banks in U.S.-affiliated areas 1.2 0.5 1.1 1.0 0.4 1.2 0.4 0.4 0.6 1.2 1.3 20

 21 Credit unions 8.8 14.2 20.1 17.6 19.3 19.1 19.2 20.1 19.6 19.1 20.0 21

 22 Property-casualty insurance companies 65.6 88.5 91.7 96.4 89.7 95.7 90.5 89.5 91.3 95.7 96.2 22

 23 Treasury bills 10.8 15.8 15.5 17.4 14.1 23.5 15.7 15.6 18.3 23.5 23.2 23

 24 Other Treasury securities 54.8 72.8 76.2 78.9 75.6 72.1 74.8 73.9 73.1 72.1 73.0 24

 25 Life insurance companies 105.7 133.5 156.6 175.4 180.9 171.6 176.7 174.4 172.8 171.6 174.6 25

 26 Treasury bills 20.1 13.9 10.2 14.0 9.5 6.7 6.9 6.2 6.8 6.7 7.1 26

 27 Other Treasury securities 85.6 119.6 146.4 161.4 171.4 164.9 169.8 168.2 166.0 164.9 167.4 27

 28 Private pension funds 147.4 182.4 215.6 243.4 291.4 331.5 306.4 319.3 326.2 331.5 335.5 28

 29 State and local govt. retirement funds 129.5 151.4 159.3 168.5 187.3 203.4 191.6 199.3 202.4 203.4 205.8 29

 30 Federal government retirement funds 112.2 119.6 129.7 153.2 165.3 177.9 162.9 152.8 57.9 177.9 180.9 30

 31 Money market mutual funds 577.7 406.4 335.4 443.3 457.8 488.2 470.1 449.0 466.5 488.2 454.4 31

 32 Treasury bills 478.7 318.5 234.5 263.7 282.8 289.5 276.0 223.2 272.5 289.5 264.5 32

 33 Other Treasury securities 98.9 87.9 100.9 179.7 175.0 198.6 194.2 225.7 194.0 198.6 189.8 33

 34 Mutual funds 184.0 258.0 378.9 452.7 573.3 632.7 628.4 627.4 622.9 632.7 675.8 34

 35 Treasury bills 0.0 0.0 29.7 30.1 42.3 37.3 43.6 43.7 43.6 37.3 25.8 35

 36 Other Treasury securities 184.0 258.0 349.2 422.6 531.0 595.4 584.8 583.8 579.4 595.4 650.0 36

 37 Closed-end funds 3.2 4.4 5.1 4.8 5.2 5.7 5.7 5.8 5.8 5.7 5.8 37

 38 Exchange-traded funds 27.1 41.8 51.0 62.4 63.6 57.1 62.8 64.1 63.9 57.1 59.3 38

 39 Government-sponsored enterprises 16.8 36.6 82.6 100.2 69.0 59.1 74.6 75.5 82.6 59.1 65.2 39

 40 ABS issuers 72.2 53.9 40.1 29.2 23.4 24.3 20.5 21.2 22.9 24.3 25.0 40

 41 Brokers and dealers 190.6 123.0 94.5 183.6 246.5 136.0 202.6 165.6 166.3 136.0 152.8 41

 42 Holding companies 3.1 5.8 19.6 26.8 9.0 18.8 10.6 20.9 18.8 18.8 18.7 42

 Memo:

 43 Federal government debt (2) 6361.5 7805.4 9385.6 10453.6 11593.7 12352.8 11930.1 11912.9 11981.9 12352.8 12614.8 43

(1) Includes U.S. savings bonds, U.S. individual retirement bonds, U.S. retirement plan bonds, U.S. savings stamps, and matured U.S. savings securities.

(2) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
L

e

v

els

Z.1, June 5, 2014 97

L.210 Agency- and GSE-Backed Securities (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 8166.7 8106.8 7598.2 7577.4 7554.6 7794.1 7590.8 7660.7 7713.6 7794.1 7721.1 1

 2 Budget agencies 23.3 23.5 24.2 25.3 24.9 24.5 24.6 25.0 25.1 24.5 24.0 2

 3 Government-sponsored enterprises 3181.9 2706.6 6434.5 6247.3 6092.7 6200.2 6103.5 6137.6 6147.7 6200.2 6111.4 3

 4 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 4

 5 Total assets 8166.7 8106.8 7598.2 7577.4 7554.6 7794.1 7590.8 7660.7 7713.6 7794.1 7721.1 5

 6 Household sector 1057.7 358.3 353.7 304.6 154.2 125.9 112.9 124.6 109.7 125.9 14.1 6

 7 Nonfinancial corporate business 10.2 14.3 16.0 14.3 13.2 8.4 6.0 7.7 7.8 8.4 7.7 7

 8 State and local governments 478.3 488.0 510.5 502.6 492.6 480.1 497.1 497.9 488.2 480.1 479.0 8

 9 Federal government 54.4 196.4 149.2 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Rest of the world 1406.9 1154.9 1084.0 1080.6 1016.4 882.2 957.4 897.3 924.4 882.2 897.5 10

 11 Monetary authority 19.7 1068.3 1139.6 941.7 1003.4 1547.4 1143.4 1277.3 1402.7 1547.4 1650.5 11

 12 U.S.-chartered depository institutions 1242.5 1417.4 1527.2 1634.1 1669.6 1717.3 1710.5 1725.7 1700.4 1717.3 1731.0 12

 13 Foreign banking offices in U.S. 50.6 31.3 26.5 30.6 32.1 25.4 27.7 26.1 26.2 25.4 22.5 13

 14 Banks in U.S.-affiliated areas 24.4 20.5 12.8 4.8 2.6 1.9 2.4 2.2 1.9 1.9 1.8 14

 15 Credit unions 82.9 110.7 151.5 182.1 197.0 199.2 206.2 210.2 206.0 199.2 206.7 15

 16 Property-casualty insurance companies 114.3 116.2 115.8 122.7 114.3 108.7 113.0 111.6 110.2 108.7 106.4 16

 17 Life insurance companies 366.2 371.9 376.0 374.4 360.9 352.3 359.2 357.4 354.3 352.3 350.3 17

 18 Private pension funds 190.3 184.0 190.4 193.8 210.9 224.5 213.2 217.3 220.7 224.5 222.7 18

 19 State and local govt. retirement funds 161.9 158.7 159.8 172.9 194.3 207.9 198.3 205.2 206.9 207.9 206.3 19

 20 Federal government retirement funds 5.2 5.2 5.8 6.5 8.1 6.4 7.5 7.0 6.6 6.4 5.7 20

 21 Money market mutual funds 756.2 543.0 402.8 403.7 343.5 361.1 325.3 345.0 354.0 361.1 326.1 21

 22 Mutual funds 553.3 603.2 681.6 788.6 878.0 849.6 881.0 874.4 854.3 849.6 838.4 22

 23 Government-sponsored enterprises 910.0 924.5 377.0 358.9 310.6 287.9 300.6 292.5 294.7 287.9 283.5 23

 24 ABS issuers 323.7 99.6 3.6 0.3 0.3 0.1 0.2 0.1 0.1 0.1 0.1 24

 25 REITs 89.6 105.2 143.4 248.1 357.6 261.9 345.9 327.5 306.9 261.9 253.5 25

 26 Brokers and dealers 242.6 110.9 149.8 147.7 169.6 114.2 153.9 125.8 105.7 114.2 87.9 26

 27 Holding companies 25.8 24.3 21.1 33.1 25.2 31.7 29.1 27.8 32.0 31.7 29.6 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.
L

e

v

els

98 Z.1, June 5, 2014

L.211 Municipal Securities and Loans

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 3517.2 3672.5 3772.1 3719.4 3714.4 3671.2 3728.6 3721.1 3685.7 3671.2 3660.8 1

 2 State and local governments 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2978.9 2970.4 2937.0 2924.9 2915.5 2

 3 Short-term (1) 55.8 63.6 63.0 52.3 56.1 45.3 54.5 39.4 46.0 45.3 43.0 3

 4 Long-term 2786.9 2891.3 2960.6 2917.6 2908.2 2879.6 2924.4 2931.0 2891.0 2879.6 2872.5 4

 5 Nonprofit organizations (2) 259.5 265.4 263.2 255.5 241.0 227.8 239.4 235.7 232.4 227.8 227.6 5

 6 Nonfinancial corporate business 415.0 452.2 485.4 493.9 509.1 518.5 510.4 515.0 516.4 518.5 517.7 6

 (industrial revenue bonds)

 7 Total assets 3517.2 3672.5 3772.1 3719.4 3714.4 3671.2 3728.6 3721.1 3685.7 3671.2 3660.8 7

 8 Household sector 1720.9 1828.1 1871.8 1808.3 1665.8 1626.3 1676.1 1670.0 1644.9 1626.3 1603.7 8

 9 Nonfinancial corporate business 26.2 27.1 23.9 22.3 24.0 11.6 14.5 14.5 14.7 11.6 14.0 9

 10 Nonfinancial noncorporate business 4.9 5.1 5.6 5.7 5.8 5.9 5.8 5.8 5.9 5.9 5.9 10

 11 State and local governments 10.4 11.4 12.8 13.1 13.4 13.6 13.6 13.8 13.7 13.6 13.7 11

 12 Rest of the world 51.0 58.7 71.7 70.3 67.9 69.6 66.5 69.4 71.6 69.6 74.1 12

 13 U.S.-chartered depository institutions 221.9 224.3 254.6 297.3 365.0 418.9 376.2 392.3 406.4 418.9 425.2 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Banks in U.S.-affiliated areas 2.5 3.5 2.5 3.4 2.6 3.6 2.7 2.7 3.5 3.6 3.4 15

 16 Credit unions 0.0 0.0 0.0 3.2 4.2 4.6 5.3 5.0 5.4 4.6 4.5 16

 17 Property-casualty insurance companies 381.9 369.4 348.4 331.0 328.1 325.8 327.8 327.4 326.8 325.8 326.7 17

 18 Life insurance companies 47.1 73.1 112.3 121.8 131.5 141.2 134.0 136.6 138.5 141.2 141.1 18

 19 State and local govt. retirement funds 1.3 1.4 2.1 1.4 0.5 0.4 0.4 0.4 0.3 0.4 0.4 19

 20 Money market mutual funds 509.5 440.1 386.7 357.3 336.7 308.3 312.5 309.6 305.1 308.3 296.4 20

 21 Mutual funds 389.4 478.8 525.5 541.2 627.4 613.9 646.6 641.0 620.7 613.9 621.1 21

 22 Closed-end funds 77.9 81.2 81.6 82.5 85.8 84.1 86.2 86.2 84.7 84.1 84.9 22

 23 Exchange-traded funds 2.3 5.9 7.6 8.6 12.3 11.4 13.0 12.5 11.5 11.4 11.8 23

 24 Government-sponsored enterprises 31.3 29.1 24.9 21.0 17.0 13.4 16.3 14.8 13.8 13.4 12.7 24

 25 Brokers and dealers 38.7 35.4 40.0 30.9 26.6 18.6 31.0 19.0 18.3 18.6 21.1 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
L

e

v

els

Z.1, June 5, 2014 99

L.212 Corporate and Foreign Bonds

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 11171.9 11672.1 11818.2 12127.8 12807.8 13356.5 12898.6 12863.8 13077.8 13356.5 13569.4 1

 2 Nonfinancial corporate business 3954.5 4366.2 4804.8 5215.6 5795.2 6435.5 5940.0 6082.7 6269.0 6435.5 6601.0 2

 3 Rest of the world (1) 1237.3 1570.3 1731.3 1939.9 2140.7 2204.1 2174.6 2087.0 2129.4 2204.1 2263.7 3

 4 Financial sectors 5980.2 5735.6 5282.0 4972.3 4871.9 4717.0 4784.0 4694.1 4679.4 4717.0 4704.8 4

 5 U.S.-chartered depository institutions 184.8 176.3 377.1 379.4 295.9 221.0 267.4 244.0 225.2 221.0 214.2 5

 6 ABS issuers (net) (2) 3544.0 2998.0 2114.9 1892.5 1681.9 1535.2 1627.8 1584.4 1553.2 1535.2 1507.1 6

 7 Finance companies 924.5 837.5 1078.2 1038.8 957.5 961.9 952.5 949.0 955.1 961.9 956.9 7

 8 REITs 171.0 144.4 145.4 152.9 179.6 218.0 182.4 189.0 197.7 218.0 225.6 8

 9 Brokers and dealers 97.1 92.9 129.7 91.8 90.2 112.4 89.1 103.1 96.1 112.4 115.7 9

 10 Holding companies 638.9 1028.7 982.2 890.6 1105.3 1095.6 1093.8 1059.2 1071.3 1095.6 1107.2 10

 11 Funding corporations 419.9 457.8 454.6 526.2 561.5 572.9 571.0 565.4 580.8 572.9 578.0 11

 12 Total assets (3) 11171.9 11672.1 11818.2 12127.8 12807.8 13356.5 12898.6 12863.8 13077.8 13356.5 13569.4 12

 13 Household sector 1946.5 2324.6 2248.3 2379.0 2468.8 2578.0 2394.8 2363.5 2409.4 2578.0 2626.2 13

 14 State and local governments 152.8 156.1 163.5 162.7 166.0 168.7 169.2 171.3 169.7 168.7 170.1 14

 15 Federal government 0.0 0.6 0.9 0.8 0.6 0.6 0.6 0.6 0.6 0.6 0.5 15

 16 Rest of the world (4) 2353.5 2465.3 2524.0 2484.0 2609.2 2718.9 2644.1 2570.5 2661.1 2718.9 2781.2 16

 17 MBS and other ABS 584.0 484.8 441.4 415.5 403.9 394.9 407.2 403.3 398.9 394.9 393.3 17

 18 Other 1769.5 1980.5 2082.6 2068.5 2205.3 2324.0 2236.9 2167.1 2262.2 2324.0 2387.9 18

 19 U.S.-chartered depository institutions 652.4 668.2 550.5 553.0 544.0 559.2 540.5 543.2 555.8 559.2 540.2 19

 20 MBS and other ABS 314.6 262.9 174.9 150.1 149.1 147.7 146.3 145.8 147.4 147.7 141.9 20

 21 Other 337.8 405.2 375.6 402.9 394.9 411.4 394.3 397.4 408.3 411.4 398.3 21

 22 Foreign banking offices in U.S. 405.4 247.6 238.2 236.7 230.5 196.4 211.9 202.8 203.1 196.4 200.5 22

 23 Banks in U.S.-affiliated areas 0.5 2.0 0.6 4.2 5.2 5.8 5.6 5.5 5.6 5.8 6.4 23

 24 Credit unions 28.9 22.3 6.6 6.3 6.7 8.9 7.8 8.5 8.6 8.9 9.5 24

 25 MBS and other ABS 3.3 3.6 6.1 5.9 6.6 8.7 7.6 8.3 8.4 8.7 9.3 25

 26 Other 25.7 18.6 0.5 0.4 0.1 0.2 0.2 0.2 0.2 0.2 0.2 26

 27 Property-casualty insurance companies 267.5 298.3 322.6 363.1 382.7 406.9 388.9 395.1 401.2 406.9 414.8 27

 28 MBS and other ABS 0.0 0.0 0.0 71.3 74.5 83.2 76.3 78.1 80.0 83.2 84.1 28

 29 Other 267.5 298.3 322.6 291.8 308.2 323.7 312.7 316.9 321.2 323.7 330.7 29

 30 Life insurance companies 1817.0 1927.2 2030.2 2117.3 2162.2 2219.8 2180.5 2196.7 2203.1 2219.8 2248.8 30

 31 MBS and other ABS 0.0 0.0 0.0 434.9 410.6 419.7 412.9 415.1 417.4 419.7 422.9 31

 32 Other 1817.0 1927.2 2030.2 1682.3 1751.6 1800.1 1767.6 1781.5 1785.7 1800.1 1825.9 32

 33 Private pension funds 374.6 360.0 443.4 488.0 440.7 438.5 430.7 432.6 435.8 438.5 435.0 33

 34 State and local govt. retirement funds 488.1 386.2 390.6 379.0 347.7 377.2 348.8 362.9 361.4 377.2 380.8 34

 35 Federal government retirement funds 5.8 5.7 5.9 7.3 9.0 7.7 8.5 8.0 8.0 7.7 6.9 35

 36 Money market mutual funds 228.0 169.9 154.2 105.1 102.1 102.1 102.8 90.7 89.1 102.1 88.7 36

 37 Mutual funds 956.2 1120.7 1243.0 1413.4 1719.4 1998.7 1816.6 1868.5 1947.3 1998.7 2076.3 37

 38 Closed-end funds 49.5 55.6 59.8 57.4 64.9 79.4 71.6 77.6 78.4 79.4 79.1 38

 39 Exchange-traded funds 27.7 55.4 74.1 107.7 155.3 174.8 162.3 164.9 170.4 174.8 183.2 39

 40 Government-sponsored enterprises 386.6 296.0 266.5 235.7 185.7 126.3 179.9 168.6 139.1 126.3 120.1 40

 41 MBS and other ABS 309.1 288.2 241.6 209.5 178.3 119.4 172.7 161.5 132.1 119.4 113.4 41

 42 Other 77.5 7.9 24.8 26.2 7.4 6.8 7.3 7.1 7.0 6.8 6.7 42

 43 Finance companies 192.4 198.6 84.1 85.0 78.7 67.9 75.0 70.1 70.0 67.9 71.8 43

 44 REITs 11.7 16.0 23.2 27.0 36.5 36.3 39.8 39.7 40.0 36.3 35.1 44

 45 Brokers and dealers 123.8 154.4 189.5 104.5 140.0 128.9 148.0 134.8 134.1 128.9 128.5 45

 46 Holding companies 35.8 31.1 38.3 18.3 79.9 35.7 80.3 79.8 78.0 35.7 33.8 46

 47 Funding corporations 667.3 710.2 760.1 792.4 871.9 920.0 890.2 908.0 908.3 920.0 931.7 47

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

(2) Liabilities net of assets.

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

(4) Holdings of U.S. issues by foreign residents.
L

e

v

els

100 Z.1, June 5, 2014

L.213 Corporate Equities (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Issues at market value 15640.5 20085.5 23567.2 23088.3 26472.1 33950.9 29030.0 29560.2 31512.3 33950.9 34497.0 1

 2 Nonfinancial corporate business 10016.6 12512.2 14371.6 14501.0 16132.4 20952.4 17855.2 18178.3 19367.6 20952.4 21222.4 2

 3 Rest of the world (2) 2748.4 3995.3 4900.2 4501.4 5390.5 6511.5 5648.7 5632.1 6157.5 6511.5 6653.9 3

 4 Financial corporations 2875.4 3578.1 4295.4 4085.9 4949.1 6487.0 5526.2 5749.8 5987.3 6487.0 6620.7 4

 5 Holdings at market value 15640.5 20085.5 23567.2 23088.3 26472.1 33950.9 29030.0 29560.2 31512.3 33950.9 34497.0 5

 6 Household sector 5931.0 7496.1 8995.3 9025.4 10412.8 13309.6 11456.2 11686.6 12472.2 13309.6 13502.0 6

 7 State and local governments 90.8 111.4 125.7 124.4 138.4 165.0 149.4 152.6 156.9 165.0 167.2 7

 8 Federal government 188.7 67.4 49.9 57.8 39.9 35.1 38.6 37.9 35.3 35.1 34.9 8

 9 Rest of the world (3) 1807.1 2476.7 2962.2 3035.3 3467.6 4670.4 3903.2 4008.2 4276.3 4670.4 4840.1 9

 10 Monetary authority 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 U.S.-chartered depository institutions 20.4 48.6 59.7 54.5 71.3 101.3 80.8 79.9 87.7 101.3 102.6 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Property-casualty insurance companies 190.1 215.6 214.8 220.8 252.2 309.7 267.4 272.4 280.5 309.7 317.4 13

 14 Life insurance companies 1001.7 1208.5 1402.6 1390.2 1545.1 1794.4 1638.3 1662.5 1712.3 1794.4 1816.9 14

 15 Private pension funds 1380.4 1647.1 1938.3 1826.1 2041.6 2483.8 2205.9 2238.4 2346.2 2483.8 2517.3 15

 16 State and local govt. retirement funds 1277.0 1628.8 1793.6 1728.8 1926.9 2309.4 2089.7 2102.1 2185.3 2309.4 2294.5 16

 17 Federal government retirement funds 83.7 116.8 140.9 134.4 148.1 206.2 167.8 173.8 184.5 206.2 211.8 17

 18 Mutual funds 3014.1 4136.2 4762.7 4427.2 5107.0 6852.0 5611.2 5743.8 6246.2 6852.0 6940.3 18

 19 Closed-end funds 72.3 87.9 97.2 96.4 101.1 114.3 108.5 108.4 110.5 114.3 117.1 19

 20 Exchange-traded funds 474.0 670.0 854.1 863.8 1093.3 1427.3 1195.9 1172.2 1291.5 1427.3 1449.9 20

 21 Brokers and dealers 109.2 124.2 117.2 103.2 126.7 172.4 117.1 121.4 126.8 172.4 185.0 21

 22 Funding corporations 0.0 25.1 26.4 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; amounts outstanding end of period, not seasonally adjusted

 1 Shares at market value 5388.0 6920.7 7873.0 7870.9 9323.6 11544.6 10087.4 10299.5 10904.9 11544.6 11775.7 1

 2 Holdings at market value 5388.0 6920.7 7873.0 7870.9 9323.6 11544.6 10087.4 10299.5 10904.9 11544.6 11775.7 2

 3 Household sector 3306.7 4115.8 4600.2 4502.9 5408.7 6890.1 5898.3 6095.7 6501.9 6890.1 7058.9 3

 4 Nonfinancial corporate business 106.3 162.0 186.8 165.9 180.1 211.4 189.3 191.0 199.8 211.4 212.2 4

 5 State and local governments 36.2 48.3 58.1 58.9 66.1 79.8 71.8 73.4 75.7 79.8 80.9 5

 6 Rest of the world 255.6 364.1 513.8 735.6 987.1 1036.0 1010.1 965.9 990.2 1036.0 1034.3 6

 7 U.S.-chartered depository institutions 19.6 46.1 45.0 41.7 45.8 57.9 50.1 47.9 52.0 57.9 60.8 7

 8 Credit unions 2.0 1.3 1.5 1.9 2.3 2.2 2.6 2.4 2.2 2.2 2.2 8

 9 Property-casualty insurance companies 7.6 9.5 10.2 9.1 11.8 15.5 12.7 13.0 13.8 15.5 16.0 9

 10 Life insurance companies 121.0 140.8 155.7 150.1 159.3 184.8 167.6 168.8 175.9 184.8 185.6 10

 11 Private pension funds 1362.3 1827.5 2084.7 2052.8 2340.6 2920.5 2553.1 2608.7 2755.4 2920.5 2979.0 11

 12 State and local govt. retirement funds 170.6 205.2 217.0 152.2 121.6 146.4 131.9 132.7 138.0 146.4 145.7 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
L

e

v

els

Z.1, June 5, 2014 101

L.215 Depository Institution Loans Not Elsewhere Classified (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 2794.4 2035.9 2001.2 2147.8 2322.7 2508.8 2323.8 2388.1 2424.8 2508.8 2561.0 1

 2 Household sector 26.4 -15.9 61.0 11.5 62.6 92.7 56.3 64.6 92.3 92.7 124.4 2

 3 Corporate business 780.1 546.0 477.4 546.3 608.1 654.2 604.2 621.0 627.0 654.2 653.8 3

 4 Noncorporate business 1046.1 944.0 927.2 983.9 1072.0 1121.9 1076.7 1094.4 1106.0 1121.9 1133.3 4

 5 Rest of the world 152.4 137.5 162.0 205.2 237.7 276.7 246.0 252.2 262.5 276.7 290.4 5

 6 Foreign official institutions 4.6 4.5 6.6 5.4 6.2 7.1 6.1 6.1 6.6 7.1 6.4 6

 7 Foreign banks 42.6 37.4 53.0 69.8 70.4 90.5 76.2 80.5 86.8 90.5 92.0 7

 8 Other foreign 105.2 95.6 102.4 130.0 161.0 179.1 163.6 165.7 169.1 179.1 192.0 8

 9 Financial sectors 789.5 424.2 373.6 400.8 342.3 363.2 340.6 355.9 337.1 363.2 359.1 9

 10 Finance companies 174.9 144.5 91.5 102.1 118.5 128.6 118.7 127.5 126.7 128.6 123.4 10

 11 REITs 32.8 20.2 18.4 23.0 27.0 24.0 21.1 23.2 27.6 24.0 27.1 11

 12 Brokers and dealers 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Holding companies 91.3 164.2 190.3 254.3 196.8 210.6 200.9 205.2 182.8 210.6 208.6 13

 14 Funding corporations 444.9 95.3 73.4 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Total assets 2794.4 2035.9 2001.2 2147.8 2322.7 2508.8 2323.8 2388.1 2424.8 2508.8 2561.0 15

 16 Monetary authority (2) 490.4 142.8 98.1 30.5 0.6 0.1 0.4 0.3 0.1 0.1 0.1 16

 17 U.S.-chartered depository institutions 1690.7 1404.8 1425.9 1589.6 1797.1 1933.5 1794.8 1847.0 1869.5 1933.5 1969.7 17

 18 Foreign banking offices in U.S. 561.5 435.5 424.2 467.1 463.4 507.2 467.5 476.9 490.9 507.2 524.0 18

 19 Banks in U.S.-affiliated areas 19.7 19.4 16.1 17.1 18.1 19.4 18.1 19.0 19.5 19.4 19.2 19

 20 Credit unions 32.1 33.4 36.9 43.5 43.6 48.7 43.0 44.9 44.9 48.7 48.0 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.
L

e

v

els

102 Z.1, June 5, 2014

L.216 Other Loans and Advances

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total other loans and advances 2629.3 2098.1 1764.7 1769.7 1821.8 1920.8 1815.2 1900.2 1899.0 1920.8 1932.2 1

 2 U.S. government loans 111.3 177.4 180.9 185.8 188.3 196.8 190.9 193.0 194.9 196.8 198.5 2

 3 Liab.: Household sector 12.8 12.6 11.6 11.2 11.0 12.1 11.2 11.8 11.6 12.1 11.9 3

 4 Nonfinancial corporate business 15.3 74.9 70.6 70.1 75.3 76.1 76.1 76.2 76.2 76.1 77.5 4

 5 Nonfinancial noncorporate business 48.9 52.4 53.0 55.9 56.5 58.5 57.0 57.4 58.3 58.5 58.0 5

 6 State and local governments 12.7 13.5 14.4 15.3 15.7 16.2 16.0 16.0 16.1 16.2 16.3 6

 7 Rest of the world 21.6 21.9 22.1 23.5 26.7 31.5 28.1 29.2 30.5 31.5 32.5 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 0.0 2.0 9.2 9.8 3.0 2.4 2.5 2.4 2.4 2.4 2.4 10

 11 Foreign loans to U.S. corporate business 226.4 182.5 162.3 196.1 143.9 135.2 141.6 152.4 139.1 135.2 145.3 11

 12 Liab.: Nonfinancial corporate business 226.4 182.5 162.3 196.1 143.9 135.2 141.6 152.4 139.1 135.2 145.3 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 8.2 14.6 18.9 22.9 105.3 75.7 106.0 110.7 100.5 75.7 73.0 17

 18 Liab.: Nonfinancial corporate business 8.2 14.6 18.9 22.9 99.3 71.7 101.4 106.4 96.6 71.7 70.0 18

 19 Rest of the world 0.0 0.0 0.0 0.0 6.1 4.0 4.6 4.3 3.9 4.0 3.0 19

 20 Policy loans (Household liability) 120.4 121.1 124.5 126.9 128.3 129.2 128.3 128.9 129.3 129.2 129.4 20

 21 Asset: Federal government 0.6 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 21

 22 Life insurance companies 119.8 120.6 124.0 126.5 127.8 128.8 127.8 128.5 128.9 128.8 129.0 22

 23 Government-sponsored enterprise loans (1) 980.7 695.9 551.3 487.0 505.7 587.5 498.8 541.0 547.3 587.5 576.9 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) 5.8 5.3 6.9 6.0 6.7 6.7 7.5 6.5 6.1 6.7 8.2 25

 26 Nonfinancial noncorporate business (FCS) 74.5 74.7 80.3 77.7 85.3 88.3 83.9 83.8 83.6 88.3 90.1 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 805.0 541.1 392.8 332.3 336.9 406.2 332.3 372.7 377.3 406.2 389.8 27

 28 Credit unions (FHLB) 40.6 26.5 26.1 24.2 25.1 27.0 22.2 23.5 26.6 27.0 27.4 28

 29 Life insurance companies (FHLB) 54.9 48.3 45.1 46.8 51.6 59.4 52.9 54.5 53.8 59.4 61.3 29

 30 Securitized loans held by ABS issuers 78.1 54.4 4.0 0.1 1.8 1.9 3.9 4.4 3.9 1.9 1.8 30

 31 Liab.: Nonfinancial corporate business 78.1 54.4 4.0 0.1 1.8 1.9 3.9 4.4 3.9 1.9 1.8 31

 32 Finance company loans to business 539.9 448.9 372.7 375.8 387.0 389.0 390.9 394.8 396.9 389.0 385.7 32

 33 Liab.: Nonfinancial corporate business 485.9 404.0 335.5 338.2 348.3 350.1 351.8 355.3 357.2 350.1 347.1 33

 34 Nonfinancial noncorporate business 54.0 44.9 37.3 37.6 38.7 38.9 39.1 39.5 39.7 38.9 38.6 34

 35 Loans to nonfinancial corporate business (2) 564.3 403.4 350.2 375.1 361.6 405.4 354.9 375.0 387.1 405.4 421.7 35

 36 Asset: Household sector 29.7 26.8 26.2 23.4 20.9 25.9 22.7 24.0 24.5 25.9 27.2 36

 37 Life insurance companies 46.3 20.4 16.7 22.2 22.6 25.1 21.7 22.8 23.2 25.1 26.1 37

 38 Mutual funds 94.8 75.4 74.6 93.5 105.7 145.1 113.4 130.9 137.9 145.1 151.3 38

 39 ABS issuers 301.7 197.8 163.8 162.3 160.0 148.3 146.9 143.3 147.3 148.3 152.1 39

 40 Brokers and dealers 55.9 60.1 47.4 54.3 39.6 50.4 37.2 42.2 43.8 50.4 53.9 40

 41 Funding corporations 35.9 22.9 21.4 19.4 12.9 10.6 12.9 11.8 10.4 10.6 11.1 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
L

e

v

els

Z.1, June 5, 2014 103

L.217 Total Mortgages

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total mortgages 14715.4 14424.5 13791.3 13488.7 13273.9 13286.0 13218.9 13226.2 13268.2 13286.0 13267.5 1

 2 Home 11152.6 10937.3 10443.8 10202.5 9980.9 9887.1 9928.6 9905.6 9916.3 9887.1 9851.3 2

 3 Multifamily residential 847.9 854.7 851.2 858.4 892.6 930.1 896.7 908.1 918.6 930.1 939.0 3

 4 Commercial 2580.2 2486.5 2342.2 2260.7 2227.3 2287.8 2218.7 2235.6 2254.3 2287.8 2294.1 4

 5 Farm 134.7 146.0 154.1 167.2 173.0 181.0 175.0 177.0 179.0 181.0 183.0 5

 6 Total liabilities 14715.4 14424.5 13791.3 13488.7 13273.9 13286.0 13218.9 13226.2 13268.2 13286.0 13267.5 6

 7 Household sector 10779.9 10610.2 10107.0 9891.9 9677.7 9586.9 9628.7 9605.4 9614.0 9586.9 9550.7 7

 8 Nonfinancial business 3772.0 3639.1 3508.2 3407.3 3401.8 3496.9 3390.7 3420.1 3457.1 3496.9 3512.7 8

 9 Corporate 902.2 770.6 656.2 577.4 582.7 607.2 577.0 581.8 592.4 607.2 606.2 9

 10 Noncorporate 2869.9 2868.5 2852.0 2829.9 2819.1 2889.7 2813.7 2838.3 2864.7 2889.7 2906.5 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 163.5 175.3 176.1 189.5 194.4 202.2 199.5 200.7 197.1 202.2 204.1 12

 13 Total assets 14715.4 14424.5 13791.3 13488.7 13273.9 13286.0 13218.9 13226.2 13268.2 13286.0 13267.5 13

 14 Household sector 111.8 110.9 100.1 100.8 86.9 80.4 85.3 83.4 81.8 80.4 78.4 14

 15 Nonfinancial corporate business 33.6 29.5 28.0 27.4 26.6 25.8 26.4 26.2 26.0 25.8 25.6 15

 16 Nonfinancial noncorporate business 39.1 37.9 42.1 42.5 43.1 44.2 43.2 43.5 43.9 44.2 44.4 16

 17 State and local governments 187.3 192.2 202.2 201.7 205.8 209.1 209.8 212.3 210.4 209.1 210.9 17

 18 Federal government 95.8 108.4 105.8 109.9 111.5 115.5 113.3 113.2 114.1 115.5 116.0 18

 19 U.S.-chartered depository institutions 4615.2 4371.9 4194.9 4049.6 4028.8 3983.5 3989.8 3982.5 3975.3 3983.5 3991.2 19

 20 Foreign banking offices in U.S. 44.2 37.8 35.4 32.8 30.9 30.3 29.7 29.6 29.8 30.3 32.2 20

 21 Banks in U.S.-affiliated areas 42.6 42.3 35.8 33.4 34.9 32.4 34.3 33.6 31.6 32.4 32.0 21

 22 Credit unions 312.2 316.9 317.0 320.5 327.8 345.9 328.0 332.1 340.4 345.9 351.4 22

 23 Property-casualty insurance companies 5.0 4.4 4.1 4.9 5.6 7.9 5.8 6.6 7.0 7.9 8.3 23

 24 Life insurance companies 342.4 326.1 317.5 332.5 344.4 363.2 344.6 349.1 357.2 363.2 365.7 24

 25 Private pension funds 26.1 23.8 26.6 21.9 19.4 16.5 18.7 18.0 17.2 16.5 15.9 25

 26 State and local govt. retirement funds 15.1 12.3 11.9 11.9 11.2 8.6 10.7 10.2 9.7 8.6 7.8 26

 27 Government-sponsored enterprises (1) 705.3 707.7 5021.0 4924.0 4823.5 4877.8 4825.0 4836.1 4872.0 4877.8 4861.0 27

 28 Agency- and GSE-backed mortgage pools 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1462.7 1498.1 1540.8 1569.4 1585.8 28

 29 ABS issuers 2619.0 2249.3 1921.5 1702.9 1492.4 1356.1 1454.2 1410.7 1375.2 1356.1 1321.4 29

 30 Finance companies 482.9 430.3 243.5 211.2 179.5 157.0 174.4 171.2 165.9 157.0 154.1 30

 31 REITs 76.3 46.0 44.6 56.1 64.5 62.4 63.1 70.0 70.1 62.4 65.5 31
L

e

v

els

104 Z.1, June 5, 2014

L.218 Home Mortgages (1)

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 11152.6 10937.3 10443.8 10202.5 9980.9 9887.1 9928.6 9905.6 9916.3 9887.1 9851.3 1

 2 Household sector 10579.0 10417.6 9912.7 9697.5 9481.7 9386.2 9432.0 9407.9 9416.1 9386.2 9349.1 2

 3 Nonfinancial corporate business 32.7 20.3 13.6 10.2 9.7 10.0 9.4 9.6 9.8 10.0 10.4 3

 4 Nonfinancial noncorporate business 540.9 499.4 517.6 494.8 489.5 490.9 487.2 488.1 490.5 490.9 491.8 4

 5 Total assets 11152.6 10937.3 10443.8 10202.5 9980.9 9887.1 9928.6 9905.6 9916.3 9887.1 9851.3 5

 6 Household sector 91.2 83.2 75.2 67.2 59.2 51.2 57.2 55.2 53.2 51.2 49.2 6

 7 Nonfinancial corporate business 20.2 17.7 16.8 16.4 16.0 15.5 15.8 15.7 15.6 15.5 15.3 7

 8 Nonfinancial noncorporate business 14.3 13.9 15.4 15.5 15.8 16.2 15.8 15.9 16.0 16.2 16.2 8

 9 State and local governments 96.4 99.0 104.1 103.9 106.0 107.7 108.0 109.3 108.4 107.7 108.6 9

 10 Federal government 16.4 22.1 23.1 24.0 25.2 25.6 25.8 25.1 24.5 25.6 25.9 10

 11 U.S.-chartered depository institutions 2884.5 2693.4 2615.6 2538.0 2509.1 2392.8 2470.2 2443.7 2413.6 2392.8 2380.7 11

 12 Foreign banking offices in U.S. 7.0 0.9 1.1 1.3 1.8 1.4 1.8 1.6 1.4 1.4 1.7 12

 13 Banks in U.S.-affiliated areas 22.9 22.6 20.1 17.8 20.0 18.9 20.0 19.2 19.1 18.9 18.4 13

 14 Credit unions 312.2 316.9 317.0 320.5 327.8 345.9 328.0 332.1 340.4 345.9 351.4 14

 15 Life insurance companies 8.6 8.7 9.0 9.0 9.5 9.7 9.3 9.4 9.8 9.7 9.6 15

 16 Private pension funds 1.3 2.0 1.9 1.6 1.6 1.4 1.5 1.5 1.4 1.4 1.3 16

 17 State and local govt. retirement funds 5.4 4.4 4.3 4.3 4.0 3.1 3.8 3.7 3.5 3.1 2.8 17

 18 Government-sponsored enterprises 456.6 433.4 4690.7 4587.7 4476.1 4548.2 4480.2 4494.0 4535.2 4548.2 4535.0 18

 19 Agency- and GSE-backed mortgage pools 4864.0 5266.5 1068.8 1216.8 1321.8 1420.6 1340.2 1366.2 1400.2 1420.6 1432.0 19

 20 ABS issuers 1901.2 1577.6 1302.2 1109.0 928.2 791.2 894.6 855.6 821.0 791.2 767.6 20

 21 Finance companies 416.1 366.0 169.5 149.7 132.6 114.7 129.7 126.2 122.1 114.7 111.5 21

 22 REITs 34.3 8.9 9.0 19.8 26.5 23.1 26.6 31.2 31.1 23.1 24.1 22

 Memo:

 23 Home equity loans included above (2) 1115.9 1033.3 928.5 853.5 769.6 702.9 748.1 730.5 715.1 702.9 691.5 23

 24 U.S.-chartered depository institutions 894.7 841.4 783.3 723.1 652.7 596.2 634.2 620.1 605.9 596.2 585.6 24

 25 Foreign banking offices in U.S. 0.8 0.3 0.3 0.3 0.2 0.4 0.3 0.2 0.3 0.4 0.4 25

 26 Credit unions 98.7 94.6 88.2 82.2 75.7 72.0 74.0 72.5 72.5 72.0 72.3 26

 27 ABS issuers 46.6 31.5 22.8 18.0 14.5 11.4 13.7 12.5 11.9 11.4 10.9 27

 28 Finance companies 75.1 65.5 33.9 29.9 26.5 22.9 25.9 25.2 24.4 22.9 22.3 28

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 847.9 854.7 851.2 858.4 892.6 930.1 896.7 908.1 918.6 930.1 939.0 1

 2 Nonfinancial corporate business 41.1 41.4 41.2 41.5 43.3 45.0 43.3 43.8 44.4 45.0 45.5 2

 3 Nonfinancial noncorporate business 781.7 786.0 782.3 789.0 822.6 855.0 822.1 833.1 843.5 855.0 864.0 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 25.1 27.3 27.8 27.9 26.7 30.0 31.3 31.1 30.7 30.0 29.6 5

 6 Total assets 847.9 854.7 851.2 858.4 892.6 930.1 896.7 908.1 918.6 930.1 939.0 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 8

 9 Nonfinancial noncorporate business 13.3 12.9 14.3 14.5 14.7 15.1 14.7 14.8 14.9 15.1 15.1 9

 10 State and local governments 74.9 76.9 80.9 80.7 82.3 83.7 83.9 84.9 84.2 83.7 84.4 10

 11 Federal government 14.5 14.7 14.4 14.1 13.7 13.8 13.6 13.6 13.5 13.8 13.7 11

 12 U.S.-chartered depository institutions 276.0 267.0 254.9 248.3 258.5 287.9 261.1 268.6 277.1 287.9 297.3 12

 13 Foreign banking offices in U.S. 4.3 4.0 3.5 2.9 1.4 1.1 1.3 0.9 1.1 1.1 0.9 13

 14 Life insurance companies 51.8 48.5 47.2 49.4 51.1 53.6 50.9 51.5 52.6 53.6 54.0 14

 15 Private pension funds 2.4 2.7 3.1 2.9 2.5 2.2 2.4 2.3 2.2 2.2 2.1 15

 16 State and local govt. retirement funds 4.5 3.7 3.6 3.6 3.4 2.6 3.2 3.1 2.9 2.6 2.4 16

 17 Government-sponsored enterprises 190.2 204.4 256.5 259.2 265.5 243.5 261.9 258.1 251.8 243.5 238.9 17

 18 Agency- and GSE-backed mortgage pools 92.8 105.7 66.9 86.4 113.4 147.1 120.6 130.1 138.8 147.1 152.0 18

 19 ABS issuers 113.1 107.0 98.4 90.7 81.1 74.9 77.6 74.8 74.3 74.9 73.7 19

 20 Finance companies 5.3 4.6 5.1 3.6 2.8 2.0 2.7 2.2 2.1 2.0 2.0 20

 21 REITs 4.3 2.3 2.0 1.7 1.9 2.4 2.1 2.8 2.7 2.4 2.2 21
L

e

v

els

Z.1, June 5, 2014 105

L.220 Commercial Mortgages

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 2580.2 2486.5 2342.2 2260.7 2227.3 2287.8 2218.7 2235.6 2254.3 2287.8 2294.1 1

 2 Household sector 200.9 192.6 194.3 194.3 195.9 200.8 196.7 197.5 197.9 200.8 201.6 2

 3 Nonfinancial corporate business 799.4 675.9 565.3 485.0 486.8 507.8 481.1 484.8 494.2 507.8 505.5 3

 4 Nonfinancial noncorporate business 1441.4 1470.1 1434.2 1419.7 1376.9 1407.1 1372.6 1383.7 1395.8 1407.1 1412.5 4

 5 REITs 138.4 147.9 148.3 161.7 167.7 172.1 168.3 169.6 166.4 172.1 174.5 5

 6 Total assets 2580.2 2486.5 2342.2 2260.7 2227.3 2287.8 2218.7 2235.6 2254.3 2287.8 2294.1 6

 7 Household sector 20.0 19.2 18.1 17.5 17.2 17.6 17.1 17.2 17.4 17.6 17.9 7

 8 Nonfinancial corporate business 13.0 11.4 10.8 10.6 10.2 9.9 10.2 10.1 10.0 9.9 9.8 8

 9 Nonfinancial noncorporate business 10.7 10.4 11.5 11.7 11.8 12.1 11.8 11.9 12.0 12.1 12.2 9

 10 State and local governments 15.0 15.4 16.2 16.1 16.5 16.7 16.8 17.0 16.8 16.7 16.9 10

 11 Federal government 61.4 67.8 64.1 67.2 68.0 71.9 69.3 69.9 71.6 71.9 72.1 11

 12 U.S.-chartered depository institutions 1404.2 1367.4 1273.2 1210.3 1202.2 1241.0 1198.8 1209.8 1223.6 1241.0 1250.5 12

 13 Foreign banking offices in U.S. 32.8 32.9 30.8 28.5 27.6 27.8 26.6 27.1 27.4 27.8 29.6 13

 14 Banks in U.S.-affiliated areas 19.7 19.6 15.7 15.6 14.9 13.5 14.4 14.4 12.5 13.5 13.6 14

 15 Property-casualty insurance companies 5.0 4.4 4.1 4.9 5.6 7.9 5.8 6.6 7.0 7.9 8.3 15

 16 Life insurance companies 267.1 255.6 248.8 261.1 270.9 286.3 271.2 274.8 281.4 286.3 288.3 16

 17 Private pension funds 22.4 19.0 21.5 17.4 15.3 13.0 14.7 14.2 13.6 13.0 12.5 17

 18 State and local govt. retirement funds 5.1 4.2 4.1 4.0 3.8 2.9 3.6 3.5 3.3 2.9 2.7 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 604.7 564.8 520.8 503.2 483.1 490.0 482.0 480.2 479.9 490.0 480.1 20

 21 Finance companies 61.6 59.7 68.9 57.9 44.1 40.3 42.0 42.7 41.7 40.3 40.6 21

 22 REITs 37.7 34.8 33.7 34.6 36.1 36.9 34.3 36.0 36.3 36.9 39.2 22

L.221 Farm Mortgages (1)

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

 1 Total liabilities 134.7 146.0 154.1 167.2 173.0 181.0 175.0 177.0 179.0 181.0 183.0 1

 2 Nonfinancial corporate business 28.9 33.0 36.2 40.7 42.9 44.4 43.3 43.6 44.0 44.4 44.8 2

 3 Nonfinancial noncorporate business 105.8 113.0 117.9 126.5 130.1 136.6 131.7 133.3 134.9 136.6 138.2 3

 4 Total assets 134.7 146.0 154.1 167.2 173.0 181.0 175.0 177.0 179.0 181.0 183.0 4

 5 Household sector 0.7 8.5 6.8 16.2 10.6 11.6 11.0 11.0 11.2 11.6 11.4 5

 6 Nonfinancial noncorporate business 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 6

 7 State and local governments 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.0 1.1 7

 8 Federal government 3.5 3.9 4.3 4.5 4.6 4.2 4.5 4.5 4.6 4.2 4.3 8

 9 U.S.-chartered depository institutions 50.6 44.2 51.2 52.9 59.0 61.7 59.7 60.4 61.0 61.7 62.7 9

 10 Foreign banking offices in U.S. 0.1 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 15.0 13.3 12.4 13.0 13.0 13.6 13.1 13.3 13.5 13.6 13.8 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 0.0 12

 13 Government-sponsored enterprises 58.5 69.9 73.8 77.1 82.0 86.1 82.9 84.0 85.0 86.1 87.1 13

 14 Agency- and GSE-backed mortgage pools 4.7 4.5 3.8 1.7 1.9 1.8 1.9 1.8 1.8 1.8 1.7 14

(1) Excludes mortgages on farm houses.
L

e

v

els

106 Z.1, June 5, 2014

L.222 Consumer Credit

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities (Households) 2650.6 2552.8 2647.4 2755.9 2923.6 3097.4 2923.8 2966.4 3036.6 3097.4 3103.6 1

 2 Total assets 2650.6 2552.8 2647.4 2755.9 2923.6 3097.4 2923.8 2966.4 3036.6 3097.4 3103.6 2

 3 Households (nonprofit organizations) (1) 94.6 88.8 78.4 74.5 65.6 59.1 63.8 61.9 60.0 59.1 57.8 3

 4 Nonfinancial corporate business 55.2 53.2 45.5 47.4 49.2 43.5 42.4 42.6 42.8 43.5 42.4 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 135.1 223.1 356.2 484.7 616.8 729.8 659.5 674.6 713.5 729.8 770.9 6

 7 U.S.-chartered depository institutions 965.0 906.3 1185.5 1192.6 1218.6 1271.6 1191.2 1211.5 1231.4 1271.6 1246.5 7

 8 Credit unions 236.2 237.1 226.5 223.0 243.6 265.6 245.5 253.1 261.9 265.6 269.9 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 0.0 9

 10 ABS issuers 610.2 572.5 50.3 46.2 50.0 48.6 50.0 48.2 48.5 48.6 46.2 10

 11 Finance companies 554.3 471.9 705.0 687.6 679.8 679.1 671.3 674.6 678.5 679.1 669.9 11

 Memo:

 12 Credit card loans (3) 1004.7 916.8 840.0 841.7 846.7 857.6 805.5 815.4 820.9 857.6 817.7 12

 13 Auto loans 777.2 719.0 713.3 751.0 808.9 878.4 820.8 841.0 866.4 878.4 891.9 13

 14 Student loans (4) 730.7 831.6 912.4 1012.3 1131.3 1223.0 1168.2 1177.3 1211.0 1223.0 1261.6 14

 15 Other consumer credit (5) 138.1 85.4 181.7 150.9 136.7 138.3 129.2 132.7 138.2 138.3 132.5 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.
L

e

v

els

Z.1, June 5, 2014 107

L.223 Trade Credit

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total trade payables 3226.9 3240.3 3416.1 3462.2 3608.9 3785.3 3660.7 3721.3 3767.1 3785.3 3816.3 1

 2 Household sector 236.7 278.2 248.8 250.0 254.0 255.0 254.3 254.5 254.8 255.0 256.0 2

 3 Nonfinancial corporate business 1672.7 1590.2 1746.5 1771.7 1854.9 1973.0 1882.0 1919.9 1950.4 1973.0 1996.4 3

 4 Nonfinancial noncorporate business 380.6 397.4 427.7 435.5 434.4 442.1 438.5 440.5 442.5 442.1 443.5 4

 5 State and local governments 591.6 630.5 669.0 707.4 746.5 786.1 756.3 766.2 776.1 786.1 796.1 5

 6 Federal government 260.8 204.6 210.9 220.3 235.5 253.8 245.1 253.7 258.2 253.8 262.0 6

 7 Rest of the world 63.2 69.3 95.1 63.0 69.3 60.7 69.2 70.9 71.8 60.7 49.2 7

 8 Brokers and dealers 21.2 70.1 18.1 14.3 14.2 14.5 15.4 15.6 13.3 14.5 13.1 8

 9 Total trade receivables 3089.1 2974.5 3137.1 3250.6 3360.1 3525.2 3478.9 3577.4 3610.1 3525.2 3624.1 9

 10 Nonfinancial corporate business 2085.7 2054.5 2156.5 2240.3 2324.0 2460.5 2435.9 2520.0 2544.2 2460.5 2538.6 10

 11 Nonfinancial noncorporate business 522.7 496.3 533.4 539.2 546.8 560.4 547.7 552.0 556.0 560.4 562.6 11

 12 State and local governments 143.7 139.1 152.2 154.5 160.3 169.1 162.4 165.2 167.5 169.1 170.8 12

 13 Federal government 64.7 43.6 42.9 47.7 50.3 48.8 48.7 52.0 50.6 48.8 48.8 13

 14 Rest of the world 90.1 96.7 116.4 134.2 145.6 155.4 150.0 155.2 158.8 155.4 166.4 14

 15 Property-casualty insurance companies 86.7 83.0 83.8 87.2 92.0 95.2 94.0 96.6 98.3 95.2 102.6 15

 16 ABS issuers 95.5 61.3 51.8 47.6 41.2 35.7 40.1 36.2 34.6 35.7 34.3 16

 17 Discrepancy 137.8 265.8 279.0 211.6 248.8 260.1 181.8 144.0 157.0 260.1 192.2 17

L.224 Security Credit

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

 1 Total liabilities 942.1 936.7 1041.7 1034.2 1131.9 1236.2 1129.5 1172.5 1183.8 1236.2 1256.7 1

 2 Household sector 164.8 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 351.7 2

 3 Brokers and dealers 777.2 733.7 763.5 795.4 828.2 897.1 821.6 870.0 870.0 897.1 905.1 3

 4 Total assets 942.1 936.7 1041.7 1034.2 1131.9 1236.2 1129.5 1172.5 1183.8 1236.2 1256.7 4

 5 Household sector 737.4 701.7 725.2 726.1 757.0 815.5 743.6 794.0 791.5 815.5 818.7 5

 6 U.S.-chartered depository institutions 23.7 20.4 23.6 35.8 45.0 52.9 47.9 51.8 53.9 52.9 58.4 6

 7 Foreign banking offices in U.S. 16.1 11.6 14.7 33.5 26.2 28.7 30.2 24.2 24.7 28.7 28.0 7

 8 Brokers and dealers 164.8 203.0 278.2 238.9 303.7 339.2 307.9 302.6 313.7 339.2 351.7 8
L

e

v

els

108 Z.1, June 5, 2014

L.225 Life Insurance Reserves

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 1179.8 1242.1 1278.3 1352.0 1359.0 1416.5 1370.1 1379.8 1397.4 1416.5 1434.7 1

 2 Federal government 46.4 47.5 48.4 49.7 50.0 50.3 50.1 50.2 50.1 50.3 50.3 2

 3 Life insurance companies 1133.4 1194.5 1229.9 1302.3 1309.0 1366.3 1320.1 1329.6 1347.3 1366.3 1384.5 3

 4 Net change in assets 1179.8 1242.1 1278.3 1352.0 1359.0 1416.5 1370.1 1379.8 1397.4 1416.5 1434.7 4

 5 Households 1049.8 1109.2 1137.2 1203.6 1186.1 1242.2 1194.8 1203.0 1227.7 1242.2 1256.7 5

 6 U.S.-chartered depository institutions 110.7 111.5 116.0 120.8 138.1 134.4 139.2 140.4 132.2 134.4 135.6 6

 7 Holding companies 19.3 21.4 25.1 27.6 34.9 39.9 36.1 36.4 37.5 39.9 42.5 7

L.226 Pension Entitlements

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

 1 Total liabilities 14071.9 15209.5 16751.6 17126.1 18093.8 19563.8 18572.2 18766.0 19115.6 19563.8 19766.4 1

 2 Life insurance companies (1) 2219.2 2350.4 2568.5 2601.7 2788.3 3041.7 2876.2 2900.3 2955.4 3041.7 3072.2 2

 3 Private pension funds (2) 5295.7 5977.0 6626.9 6679.0 7158.1 8010.2 7458.3 7558.8 7762.0 8010.2 8100.9 3

 4 State and local govt. retirement funds 3799.0 3959.8 4408.7 4589.2 4773.1 4981.4 4825.2 4877.3 4929.4 4981.4 5033.5 4

 5 Federal government retirement funds (3) 2758.0 2922.2 3147.5 3256.2 3374.2 3530.5 3412.5 3429.6 3468.8 3530.5 3559.8 5

 6 Total assets (Households) (4) 14071.9 15209.5 16751.6 17126.1 18093.8 19563.8 18572.2 18766.0 19115.6 19563.8 19766.4 6

(1) Annuities, including those in IRAs.

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

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

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

L.227 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 44.0 40.6 53.1 74.0 79.5 90.8 97.6 68.8 80.9 90.8 103.2 1

 2 Nonfinancial corporate business 39.0 35.7 42.9 51.7 54.0 43.9 60.9 48.1 50.0 43.9 45.0 2

 3 Nonfinancial noncorporate business 106.2 99.9 99.2 100.3 102.4 106.1 102.6 103.8 104.9 106.1 106.7 3

 4 U.S.-chartered depository institutions -73.6 -66.2 -59.6 -49.1 -47.6 -47.4 -45.7 -58.9 -52.9 -47.4 -39.6 4

 5 Property-casualty insurance companies -21.1 -15.8 -10.1 -14.5 -10.8 8.4 -3.2 -5.2 -2.5 8.4 10.7 5

 6 Life insurance companies -24.4 -31.4 -28.8 -23.6 -28.3 -30.5 -28.4 -30.1 -30.1 -30.5 -29.0 6

 7 Finance companies 15.4 12.7 6.0 6.7 6.7 6.8 6.9 6.8 7.0 6.8 6.9 7

 8 Brokers and dealers 2.5 5.7 3.6 2.5 3.1 3.7 4.4 4.4 4.6 3.7 2.6 8

 9 Total business taxes receivable 242.4 250.9 262.1 272.8 279.9 289.6 282.2 284.8 287.4 289.6 296.2 9

 10 State and local governments 123.0 117.1 117.8 120.0 121.3 123.8 121.8 122.6 123.4 123.8 128.6 10

 11 Federal government 119.4 133.9 144.3 152.8 158.6 165.8 160.4 162.2 164.0 165.8 167.6 11

 12 Discrepancy -198.4 -210.4 -209.0 -198.8 -200.4 -198.8 -184.6 -216.0 -206.5 -198.8 -193.0 12

L.228 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 7471.3 6216.2 6895.6 7366.9 8038.4 8760.8 8209.8 8398.4 8608.8 8760.8 8868.9 1

 2 Nonfinancial noncorporate business 7460.6 6201.4 6879.7 7353.8 8019.8 8741.6 8190.6 8379.0 8591.1 8741.6 8849.7 2

 3 Brokers and dealers 10.7 14.8 15.9 13.1 18.6 19.2 19.2 19.3 17.7 19.2 19.2 3
L

e

v

els

Z.1, June 5, 2014 109

L.229 Total Miscellaneous Financial Claims

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 22321.5 22738.7 23116.7 23981.4 25069.7 24947.9 25178.0 25106.9 25332.6 24947.9 24803.7 1

 2 Household sector 27.0 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 29.6 2

 3 Nonfinancial corporate business 3946.2 3946.2 3983.5 4098.3 4336.6 4357.2 4333.5 4292.8 4311.8 4357.2 4230.3 3

 4 Nonfinancial noncorporate business 1214.3 1248.1 1197.7 1232.7 1250.9 1264.5 1254.5 1256.3 1262.1 1264.5 1263.2 4

 5 State and local governments 1255.0 1115.7 1339.4 1633.2 1637.5 1328.2 1495.7 1500.7 1449.7 1328.2 1372.8 5

 6 Federal government 2719.3 2859.2 3071.6 3179.4 3281.2 3381.5 3302.1 3321.8 3445.2 3381.5 3402.8 6

 7 Rest of the world 5652.7 5653.5 5958.8 6268.0 6308.5 6431.3 6379.6 6416.6 6543.0 6431.3 6313.7 7

 8 Monetary authority 23.1 29.2 58.4 31.7 33.7 43.5 34.7 32.1 41.2 43.5 47.8 8

 9 U.S.-chartered depository institutions 2030.5 2286.8 2247.6 2236.1 2446.4 2527.3 2503.7 2497.1 2484.5 2527.3 2580.2 9

 10 Foreign banking offices in U.S. 554.3 431.5 413.3 497.1 465.8 437.4 483.7 477.0 442.8 437.4 440.5 10

 11 Banks in U.S.-affiliated areas 24.9 29.2 23.3 19.4 17.3 14.3 16.4 16.5 15.7 14.3 14.8 11

 12 Credit unions 4.7 19.4 11.1 12.4 12.7 14.2 15.3 15.5 15.4 14.2 14.6 12

 13 Property-casualty insurance companies 811.0 819.5 831.9 870.1 896.9 898.2 890.5 896.4 897.2 898.2 903.7 13

 14 Life insurance companies 868.9 958.0 1019.3 1064.6 1114.6 1153.3 1131.5 1113.1 1141.7 1153.3 1176.2 14

 15 Government-sponsored enterprises 207.0 269.2 179.4 130.2 124.1 114.7 119.9 121.9 119.6 114.7 111.2 15

 16 Finance companies 664.8 573.6 271.9 264.1 233.8 207.9 228.9 219.9 218.5 207.9 209.1 16

 17 REITs 64.9 59.6 63.7 70.8 96.3 72.2 89.4 90.6 76.6 72.2 79.4 17

 18 Brokers and dealers 395.9 450.0 483.0 471.4 470.9 517.5 495.9 471.9 485.8 517.5 455.0 18

 19 Holding companies 422.9 548.0 522.0 481.1 833.8 754.4 899.1 901.5 908.9 754.4 751.6 19

 20 Funding corporations 1434.1 1420.2 1415.9 1396.5 1483.7 1402.3 1477.5 1437.3 1445.9 1402.3 1407.1 20

 21 Total assets 28811.5 29027.1 29986.8 31432.2 32885.9 33413.5 33068.0 33301.6 33417.5 33413.5 33425.7 21

 22 Household sector 766.3 800.9 808.2 878.8 873.6 897.6 872.2 874.4 880.9 897.6 901.5 22

 23 Nonfinancial corporate business 9376.9 9555.5 10127.0 10558.6 11154.4 11852.1 11266.8 11424.6 11522.9 11852.1 11968.7 23

 24 Nonfinancial noncorporate business 2121.8 2029.3 2134.1 2141.6 2185.6 2232.6 2187.8 2202.9 2217.0 2232.6 2239.7 24

 25 State and local governments 92.9 118.1 95.6 95.4 101.8 108.1 104.9 107.4 107.6 108.1 110.1 25

 26 Federal government 110.8 145.8 141.4 143.1 142.0 147.7 142.7 139.8 143.6 147.7 149.7 26

 27 Rest of the world 3984.4 3925.9 4114.7 4396.5 4488.5 4443.8 4490.9 4477.5 4461.9 4443.8 4278.0 27

 28 Monetary authority 569.8 75.9 83.1 225.8 199.5 233.1 219.9 228.1 226.8 233.1 235.0 28

 29 U.S.-chartered depository institutions 1318.3 1178.2 1007.0 1005.2 887.2 813.0 845.7 866.4 843.0 813.0 782.3 29

 30 Foreign banking offices in U.S. 48.9 44.5 29.2 44.2 43.9 57.0 52.9 60.6 57.1 57.0 71.0 30

 31 Banks in U.S.-affiliated areas 11.1 6.5 11.0 11.8 12.0 20.5 12.4 18.4 21.2 20.5 17.4 31

 32 Credit unions 32.8 33.0 74.1 61.9 62.7 61.1 70.9 71.7 61.8 61.1 66.1 32

 33 Property-casualty insurance companies 102.6 123.7 99.1 86.9 94.6 105.8 98.7 106.4 110.0 105.8 103.7 33

 34 Life insurance companies 379.0 357.6 351.9 407.6 444.0 472.2 465.0 443.1 463.3 472.2 496.4 34

 35 Private pension funds 1532.6 1476.7 1464.1 1563.2 1532.7 1320.6 1449.1 1444.5 1384.1 1320.6 1320.8 35

 36 State and local govt. retirement funds 1350.9 1201.0 1440.4 1735.9 1739.8 1443.7 1601.3 1609.9 1562.7 1443.7 1492.5 36

 37 Federal government retirement funds 2551.1 2674.8 2865.1 2954.8 3043.7 3132.3 3065.9 3088.0 3211.8 3132.3 3154.4 37

 38 Money market mutual funds 35.2 26.9 23.5 22.7 28.8 31.7 31.5 31.9 33.8 31.7 37.2 38

 39 Mutual funds 20.0 14.9 2.9 5.7 -27.4 -8.3 -16.2 -15.3 17.0 -8.3 -8.3 39

 40 Government-sponsored enterprises 99.1 100.3 148.6 148.5 152.6 165.6 167.9 167.7 166.8 165.6 152.1 40

 41 Finance companies 16.4 44.8 77.0 83.1 57.4 51.4 47.9 45.4 39.9 51.4 51.9 41

 42 REITs 54.6 64.8 66.1 74.7 100.4 112.0 105.9 115.0 101.4 112.0 123.5 42

 43 Brokers and dealers 1105.7 1141.0 1025.3 932.6 857.4 987.2 949.8 1020.4 1003.3 987.2 893.6 43

 44 Holding companies 2337.0 3160.6 3129.4 3165.9 4015.8 4025.2 4107.2 4052.2 4072.6 4025.2 4070.8 44

 45 Funding corporations 793.5 726.3 667.9 687.6 694.8 707.8 726.8 720.6 706.8 707.8 717.5 45

 46 Discrepancy -6490.0 -6288.4 -6870.1 -7450.8 -7816.1 -8465.7 -7889.9 -8194.7 -8084.9 -8465.7 -8621.9 46
L

e

v

els

110 Z.1, June 5, 2014

L.230 Identified Miscellaneous Financial Claims - Part I

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 3748.5 4077.4 4273.6 4663.1 5077.8 5366.0 5123.8 5194.6 5309.6 5366.0 5463.8 1

 2 Asset: Nonfinancial corporate business 3011.1 3245.1 3402.9 3795.6 4136.4 4421.6 4170.2 4234.4 4333.4 4421.6 4516.1 2

 3 U.S.-chartered depository institutions 201.5 261.7 280.1 274.3 302.6 306.0 304.6 301.9 308.4 306.0 315.7 3

 4 Property-casualty insurance companies 102.6 123.7 99.1 86.9 94.6 105.8 98.7 106.4 110.0 105.8 103.7 4

 5 Life insurance companies 25.0 28.9 46.3 56.9 70.6 65.7 71.0 70.6 69.9 65.7 65.4 5

 6 Finance companies 221.0 186.9 206.0 215.5 227.6 219.5 229.6 229.5 232.8 219.5 212.5 6

 7 Brokers and dealers 187.4 231.0 239.3 234.0 245.9 247.4 249.5 251.8 255.0 247.4 250.3 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 2050.3 1986.4 2128.7 2313.3 2474.4 2604.4 2485.8 2507.4 2531.6 2604.4 2668.0 8

 9 Nonfinancial noncorporate business 3.7 4.8 5.3 5.9 6.4 6.5 6.4 6.3 6.4 6.5 6.6 9

 10 Foreign banking offices in U.S. 71.7 107.7 120.0 193.7 198.1 202.9 200.0 200.6 202.1 202.9 204.5 10

 11 Property-casualty insurance companies 51.2 64.7 70.7 73.8 72.4 75.7 74.1 74.0 74.3 75.7 77.6 11

 12 Life insurance companies 60.3 69.4 84.3 88.5 93.7 92.4 95.2 98.0 99.9 92.4 93.5 12

 13 Finance companies 78.1 90.0 114.7 96.1 96.3 74.8 95.3 95.9 96.2 74.8 74.7 13

 14 Brokers and dealers 72.1 64.4 88.5 96.3 103.5 108.8 105.1 106.1 106.9 108.8 110.8 14

 15 Funding corporations 10.2 10.8 11.4 12.0 12.6 13.2 12.8 12.9 13.1 13.2 13.4 15

 16 Asset: Rest of the world 2397.4 2398.2 2623.6 2879.5 3057.3 3178.7 3074.6 3101.3 3130.5 3178.7 3249.0 16

 Federal government equity in IBRD, etc.:

 17 Liab.: Rest of the world 48.3 50.0 52.3 54.9 57.3 59.5 57.3 59.4 59.4 59.5 58.8 17

 18 Asset: Federal government 48.3 50.0 52.3 54.9 57.3 59.5 57.3 59.4 59.4 59.5 58.8 18

 Federal Reserve Bank stock:

 19 Liab.: Monetary authority 21.1 25.6 26.5 26.9 27.4 27.5 27.6 27.5 27.4 27.5 28.1 19

 20 Asset: U.S.-chartered depository institutions 21.1 25.6 26.5 26.9 27.4 27.5 27.6 27.5 27.4 27.5 28.1 20

 Equity in government-sponsored enterprises:

 21 Liab.: Government-sponsored enterprises 51.8 51.8 49.0 43.1 41.2 41.7 40.4 40.6 40.5 41.7 40.6 21

 22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.4 0.5 0.6 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.7 22

 23 Nonfinancial noncorporate (FCS) 6.4 6.3 6.7 7.0 7.2 7.8 7.1 7.4 7.6 7.8 8.0 23

 24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 U.S.-chartered depository institutions (FHLB) 39.0 39.7 36.7 30.6 28.4 27.8 27.6 27.6 27.0 27.8 26.2 25

 26 Credit unions (FHLB) 2.8 2.4 2.2 2.9 2.9 2.4 3.0 3.0 3.0 2.4 2.4 26

 27 Life insurance companies (FHLB) 3.2 2.9 2.9 2.1 2.2 3.2 2.1 2.1 2.3 3.2 3.2 27

 Holding company net transactions with subsidiaries:

 28 Liab.: U.S.-chartered depository institutions 1370.5 1599.5 1632.8 1709.0 1889.2 1944.2 1916.9 1880.5 1898.1 1944.2 1977.8 28

 29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 22.4 14.7 16.7 16.7 14.9 14.7 14.6 29

 30 Life insurance companies 31.2 40.5 62.7 72.0 17.2 10.7 17.4 17.3 17.7 10.7 11.0 30

 31 Finance companies 232.6 209.3 115.0 94.6 91.1 75.4 74.7 75.8 75.9 75.4 77.8 31

 32 Brokers and dealers 155.2 596.1 626.6 613.5 1060.5 1092.8 1054.3 1072.5 1032.3 1092.8 1097.0 32

 33 Rest of the world 101.5 125.1 135.6 166.3 114.7 85.7 137.2 100.7 127.3 85.7 95.8 33

 34 Asset: Holding companies 1891.0 2570.3 2572.7 2655.4 3195.1 3223.5 3217.2 3163.4 3166.2 3223.5 3274.0 34

 NFC investment in finance company subsidiaries:

 35 Liab.: Finance companies 80.5 71.2 60.7 69.1 71.7 86.4 85.7 86.9 87.1 86.4 89.2 35

 36 Asset: Nonfinancial corporate business 80.5 71.2 60.7 69.1 71.7 86.4 85.7 86.9 87.1 86.4 89.2 36

 Funding corporations’ investment in subsidiaries:

 37 Liab.: Foreign banking offices in U.S. 276.6 203.1 171.6 137.8 126.0 123.5 142.9 142.1 118.7 123.5 123.9 37

 38 Brokers and dealers 516.9 523.2 496.4 549.7 568.8 584.3 583.9 578.5 588.1 584.3 593.6 38

 39 Asset: Funding corporations 793.5 726.3 667.9 687.6 694.8 707.8 726.8 720.6 706.8 707.8 717.5 39

 Equity investment under Public-Private Inv. Program:

 40 Liab.: Funding corporations 0.0 1.8 7.7 8.8 8.7 8.7 8.7 8.7 8.7 8.7 8.7 40

 41 Asset: Households (1) 0.0 0.9 3.8 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 41

 42 Federal government 0.0 0.9 3.8 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
L

e

v

els

Z.1, June 5, 2014 111

L.231 Identified Miscellaneous Financial Claims - Part II

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 554.2 10.9 0.8 100.5 9.5 0.6 8.6 2.3 1.1 0.6 0.8 1

 2 Asset: Federal government 0.5 0.7 0.8 0.7 0.7 0.4 0.5 0.6 0.6 0.4 0.4 2

 3 Monetary authority (1) 553.7 10.3 0.1 99.8 8.9 0.3 8.1 1.7 0.5 0.3 0.4 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 15.5 15.9 14.4 12.6 13.7 10.6 13.4 12.0 10.5 10.6 10.4 6

 7 Asset: U.S.-chartered depository institutions 15.5 15.9 14.4 12.6 13.7 10.6 13.4 12.0 10.5 10.6 10.4 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 27.0 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 29.6 8

 9 Asset: Life insurance companies 27.0 22.1 24.7 24.3 24.9 27.9 25.9 27.8 26.8 27.9 29.6 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 265.2 273.6 290.7 305.5 303.7 304.2 302.3 302.0 305.6 304.2 305.2 10

 11 Accident and health 182.7 192.4 209.4 225.0 222.6 222.8 220.6 220.6 223.8 222.8 224.1 11

 12 Policy dividend accumulation 40.4 39.2 39.7 37.9 38.3 38.5 38.6 38.2 38.2 38.5 38.0 12

 13 Contract claims 42.1 42.0 41.6 42.6 42.8 42.8 43.1 43.2 43.5 42.8 43.0 13

 14 Asset: Household sector 265.2 273.6 290.7 305.5 303.7 304.2 302.3 302.0 305.6 304.2 305.2 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 759.9 754.8 761.2 796.4 802.1 807.8 799.8 805.8 808.0 807.8 811.6 15

 16 Asset: Household sector 337.3 346.0 310.8 347.5 330.8 342.1 331.9 336.8 340.0 342.1 345.7 16

 17 Nonfinancial corporate business 311.1 307.1 319.0 329.0 336.5 336.4 334.9 336.8 337.1 336.4 337.2 17

 18 Nonfinancial noncorporate business 111.5 101.7 131.4 119.8 134.9 129.3 133.0 132.2 130.9 129.3 128.6 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 283.0 385.4 393.7 406.3 425.6 457.6 437.3 439.7 447.8 457.6 465.1 19

 20 Asset: Private pension funds 283.0 385.4 393.7 406.3 425.6 457.6 437.3 439.7 447.8 457.6 465.1 20

 Pension fund contributions payable:

 21 Liab.: Nonfinancial corporate business 84.0 75.6 91.1 94.0 93.2 92.2 93.4 93.5 93.2 92.2 92.0 21

 22 Asset: Private pension funds 84.0 75.6 91.1 94.0 93.2 92.2 93.4 93.5 93.2 92.2 92.0 22

 Securities borrowed (net):

 23 Liab.: Funding corporations 887.0 856.8 733.4 658.7 579.5 673.5 638.6 713.2 702.3 673.5 638.8 23

 24 Asset: Brokers and dealers 887.0 856.8 733.4 658.7 579.5 673.5 638.6 713.2 702.3 673.5 638.8 24

 Nonmarketable government securities:

 25 Liab.: Federal government 1015.3 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 25

 26 Asset: Federal government retirement funds 1015.3 1077.2 1142.9 1213.7 1254.1 1352.3 1265.5 1178.4 1161.5 1352.3 1339.7 26

 Retiree health care funds (2):

 27 Liab.: Federal government 163.8 180.4 202.9 221.4 234.8 246.9 233.6 231.3 231.0 246.9 246.2 27

 28 Asset: Household sector 163.8 180.4 202.9 221.4 234.8 246.9 233.6 231.3 231.0 246.9 246.2 28

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business 677.4 497.6 446.5 486.6 440.2 187.7 349.7 335.6 265.7 187.7 165.8 29

 30 State and local governments 1255.0 1115.7 1339.4 1633.2 1637.5 1328.2 1495.7 1500.7 1449.7 1328.2 1372.8 30

 31 Federal government 1535.8 1597.6 1722.2 1741.1 1789.6 1780.0 1800.3 1909.6 2050.3 1780.0 1814.7 31

 32 Asset: Private pension funds 677.4 497.6 446.5 486.6 440.2 187.7 349.7 335.6 265.7 187.7 165.8 32

 33 State and local govt. retirement funds 1255.0 1115.7 1339.4 1633.2 1637.5 1328.2 1495.7 1500.7 1449.7 1328.2 1372.8 33

 34 Federal government retirement funds 1535.8 1597.6 1722.2 1741.1 1789.6 1780.0 1800.3 1909.6 2050.3 1780.0 1814.7 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.
L

e

v

els

112 Z.1, June 5, 2014

L.232 Unidentified Miscellaneous Financial Claims

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

2008 2009 2010 2011 2012 2013 2013 2014

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 5766.3 5902.6 5618.7 5198.7 5230.0 4978.5 5351.8 5152.3 5242.9 4978.5 4581.5 1

 2 Nonfinancial corporate business 1134.5 1386.6 1317.2 1204.3 1328.9 1473.0 1404.6 1356.3 1421.4 1473.0 1304.6 2

 3 Nonfinancial noncorporate business 1210.7 1243.3 1192.4 1226.8 1244.5 1257.9 1248.2 1250.0 1255.6 1257.9 1256.6 3

 4 Federal government 4.3 4.0 3.6 3.2 2.8 2.3 2.6 2.5 2.4 2.3 2.2 4

 5 Rest of the world 1200.1 1390.2 1496.5 1283.2 1049.2 919.4 1052.7 1059.6 1045.6 919.4 694.6 5

 6 Monetary authority 2.1 3.6 31.9 4.8 6.3 16.0 7.2 4.6 13.7 16.0 19.8 6

 7 U.S.-chartered depository institutions 660.0 687.3 614.7 527.1 557.2 583.1 586.8 616.6 586.4 583.1 602.4 7

 8 Foreign banking offices in U.S. 205.5 120.4 121.4 165.3 141.4 110.8 140.4 134.1 121.8 110.8 111.9 8

 9 Banks in U.S.-affiliated areas 24.9 29.2 23.3 19.4 17.3 14.3 16.4 16.5 15.7 14.3 14.8 9

 10 Credit unions 4.7 19.4 11.1 12.4 12.7 14.2 15.3 15.5 15.4 14.2 14.6 10

 11 Life insurance companies 229.3 189.1 187.9 192.3 274.4 288.4 279.4 256.2 270.7 288.4 301.5 11

 12 Government-sponsored enterprises 139.7 201.6 115.9 74.5 69.2 62.4 66.2 69.3 68.7 62.4 60.2 12

 13 Finance companies 273.7 203.1 -18.4 4.3 -25.3 -28.7 -26.9 -38.7 -40.7 -28.7 -32.7 13

 14 REITs 64.9 59.6 63.7 70.8 96.3 72.2 89.4 90.6 76.6 72.2 79.4 14

 15 Brokers and dealers -348.3 -733.7 -728.3 -788.1 -1261.8 -1268.3 -1247.4 -1285.2 -1241.5 -1268.3 -1346.4 15

 16 Holding companies 422.9 548.0 522.0 481.1 833.8 754.4 899.1 901.5 908.9 754.4 751.6 16

 17 Funding corporations 536.8 550.7 663.4 717.0 882.8 706.9 817.4 702.5 721.9 706.9 746.3 17

 18 Total assets 12256.4 12191.0 12488.8 12649.5 13046.1 13444.2 13241.8 13347.0 13327.8 13444.2 13203.5 18

 19 Nonfinancial corporate business 5973.8 5931.6 6343.8 6364.4 6609.2 7007.1 6675.3 6766.0 6764.8 7007.1 7025.4 19

 20 Nonfinancial noncorporate business 2003.9 1921.3 1996.0 2014.8 2043.6 2095.6 2047.7 2063.4 2078.5 2095.6 2103.1 20

 21 State and local governments 92.9 118.1 95.6 95.4 101.8 108.1 104.9 107.4 107.6 108.1 110.1 21

 22 Federal government 62.0 94.3 84.5 83.2 79.8 83.4 80.5 75.5 79.3 83.4 86.2 22

 23 Rest of the world 1587.0 1527.7 1491.1 1517.0 1431.1 1265.1 1416.3 1376.2 1331.3 1265.1 1029.0 23

 24 Monetary authority 16.1 65.6 83.0 126.0 190.6 232.8 211.9 226.5 226.3 232.8 234.6 24

 25 U.S.-chartered depository institutions 1041.2 835.3 649.3 660.8 515.1 441.1 472.6 497.4 469.6 441.1 401.9 25

 26 Foreign banking offices in U.S. 48.9 44.5 29.2 44.2 43.9 57.0 52.9 60.6 57.1 57.0 71.0 26

 27 Banks in U.S.-affiliated areas 11.1 6.5 11.0 11.8 12.0 20.5 12.4 18.4 21.2 20.5 17.4 27

 28 Credit unions 30.0 30.6 71.9 59.1 59.8 58.8 67.9 68.7 58.8 58.8 63.7 28

 29 Life insurance companies 323.8 303.7 278.0 324.3 346.4 375.4 366.0 342.7 364.3 375.4 398.3 29

 30 Private pension funds 488.2 518.2 532.9 576.3 573.8 583.1 568.7 575.7 577.4 583.1 598.0 30

 31 State and local govt. retirement funds 95.9 85.3 101.0 102.7 102.2 115.5 105.6 109.2 113.0 115.5 119.7 31

 32 Mutual funds 20.0 14.9 2.9 5.7 -27.4 -8.3 -16.2 -15.3 17.0 -8.3 -8.3 32

 33 Money market mutual funds 35.2 26.9 23.5 22.7 28.8 31.7 31.5 31.9 33.8 31.7 37.2 33

 34 Government-sponsored enterprises 99.1 100.3 148.6 148.5 152.6 165.6 167.9 167.7 166.8 165.6 152.1 34

 35 Finance companies -204.6 -142.1 -129.0 -132.4 -170.2 -168.1 -181.7 -184.1 -192.9 -168.1 -160.6 35

 36 REITs 54.6 64.8 66.1 74.7 100.4 112.0 105.9 115.0 101.4 112.0 123.5 36

 37 Brokers and dealers 31.3 53.2 52.6 39.9 31.9 66.3 61.7 55.4 46.0 66.3 4.5 37

 38 Holding companies 446.0 590.3 556.7 510.4 820.7 801.7 890.0 888.8 906.4 801.7 796.8 38

 39 Discrepancy -6490.0 -6288.4 -6870.1 -7450.8 -7816.1 -8465.7 -7889.9 -8194.7 -8084.9 -8465.7 -8621.9 39