F E D E R A L RE S E R V E S T A T I S T I C A L RE L E A S E

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

September 18, 2015

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

Historical Annual Tables

2005–2014

B O A R D O F G O V E R N O R S O F T H E F E D E R A L R E S E R V E S Y S T E M

i

Title Table Page

Summaries

Net National Wealth B.1 1

Distribution of Gross Domestic Product F.2 2

Distribution of National Income F.3 3

Saving and Investment F.4 4

Net Capital Transfers F.5 5

Derivation of Measures of Personal Saving F.6 6

Assets and Liabilities of the Personal Sector L.6 7

Title

Flows Levels

Table Page Table Page

Sectors

Domestic Nonfinancial F.100 8 L.100 69

Households and Nonprofit Organizations F.101 9 L.101 70

Nonfinancial Business F.102 10 L.102 71

Nonfinancial Corporate Business F.103 11 L.103 72

Nonfinancial Noncorporate Business F.104 12 L.104 73

General Government F.105 13 L.105 74

Federal Government F.106 14 L.106 75

State and Local Governments F.107 15 L.107 76

Domestic Financial F.108 16 L.108 77

Monetary Authority F.109 17 L.109 78

Private Depository Institutions F.110 18 L.110 79

U.S.-Chartered Depository Institutions F.111 19 L.111 80

Foreign Banking Offices in U.S. F.112 20 L.112 81

Banks in U.S.-Affiliated Areas F.113 21 L.113 82

Credit Unions F.114 21 L.114 82

Property-Casualty Insurance Companies F.115 22 L.115 83

Life Insurance Companies F.116 23 L.116 84

Life Insurance Companies: General Accounts F.116.g 24 L.116.g 85

Life Insurance Companies: Separate Accounts F.116.s 24 L.116.s 85

List of Data Tables
ii

Sectors

Private and Public Pension Funds F.117 25 L.117 86

Private Pension Funds F.118 26 L.118 87

Private Pension Funds: Defined Benefit Plans F.118.b 27 L.118.b 88

Private Pension Funds: Defined Contribution 

Plans F.118.c 27 L.118.c 88

Federal Government Employee Retirement Funds F.119 28 L.119 89

Federal Government Employee Retirement 

Funds: Defined Benefit Plans F.119.b 29 L.119.b 90

Federal Government Employee Retirement 

Funds: Defined Contribution Plans F.119.c 30 L.119.c 90

State and Local Government Employee Retirement 

Funds F.120 30 L.120 91

State and Local Government Employee 

Retirement Funds: Defined Benefit Plans F.120.b 31 L.120.b 92

State and Local Government Employee 

Retirement Funds: Defined Contribution 

Plans F.120.c 31 L.120.c 92

Money Market Mutual Funds F.121 32 L.121 93

Mutual Funds F.122 32 L.122 93

Closed-End and Exchange-Traded Funds F.123 32 L.123 93

Government-Sponsored Enterprises F.124 33 L.124 94

Agency- and GSE-Backed Mortgage Pools F.125 33 L.125 94

Issuers of Asset-Backed Securities F.126 34 L.126 95

Finance Companies F.127 35 L.127 96

Real Estate Investment Trusts (REITs) F.128 36 L.128 97

Equity Real Estate Investment Trusts F.128.e 37 L.128.e 98

Mortgage Real Estate Investment Trusts F.128.m 37 L.128.m 98

Security Brokers and Dealers F.129 38 L.129 99

Holding Companies F.130 39 L.130 100

Funding Corporations F.131 40 L.131 101

Rest of the World F.132 41 L.132 102

Instruments

U.S. Official Reserve Assets and SDR Allocations F.200 42 L.200 103

Special Drawing Rights (SDRs) Certificates and 

Treasury Currency F.201 42 L.201 103

U.S. Deposits in Foreign Countries F.202 42 L.202 103

Net Interbank Transactions F.203 43 L.203 104
iii

Instruments

Checkable Deposits and Currency F.204 44 L.204 105

Time and Savings Deposits F.205 45 L.205 106

Money Market Mutual Fund Shares F.206 45 L.206 106

Federal Funds and Security Repurchase Agreements F.207 46 L.207 107

Debt Securities F.208 47 L.208 108

Open Market Paper F.209 48 L.209 109

Treasury Securities F.210 49 L.210 110

Agency- and GSE-Backed Securities F.211 50 L.211 111

Municipal Securities F.212 51 L.212 112

Corporate and Foreign Bonds F.213 52 L.213 113

Loans F.214 53 L.214 114

Depository Institution Loans Not Elsewhere Classified F.215 54 L.215 115

Other Loans and Advances F.216 55 L.216 116

Total Mortgages F.217 56 L.217 117

Home Mortgages F.218 57 L.218 118

Multifamily Residential Mortgages F.219 57 L.219 118

Commercial Mortgages F.220 58 L.220 119

Farm Mortgages F.221 58 L.221 119

Consumer Credit F.222 59 L.222 120

Corporate Equities F.223 60 L.223 121

Mutual Fund Shares F.224 60 L.224 121

Trade Credit F.225 61 L.225 122

Life Insurance Reserves F.226 61 L.226 122

Pension Entitlements F.227 62 L.227 123

Taxes Payable by Businesses F.228 62 L.228 123

Proprietors' Equity in Noncorporate Business F.229 62 L.229 123

Direct Investment F.230 63 L.230 124

Total Miscellaneous Financial Claims F.231 64 L.231 125

Identified Miscellaneous Financial Claims -- Part I F.232 65 L.232 126

Identified Miscellaneous Financial Claims -- Part II F.233 66 L.233 127

Unidentified Miscellaneous Financial Claims F.234 67 L.234 128

Sector Discrepancies F.7 68

Instrument Discrepancies F.8 68
iv

Title

Balance Sheet Reconciliation

Table Page Table Page

Balance Sheet and Changes in Net Worth

Households and Nonprofit Organizations B.101 129 R.101 132

Nonfinancial Corporate Business B.103 130 R.103 133

Nonfarm Noncorporate Business B.104 131 R.104 134

Title

Flows Levels

Table Page Table Page

Supplementary Tables

Balance Sheet of Households and Nonprofit 

Organizations with Equity Detail B.101.e 135

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy -- Current Account S.1.a 136

Selected Aggregates for Total Economy and Sectors S.2.a 137

Households and Nonprofit Institutions Serving Households S.3.a 139

Nonfinancial Noncorporate Business S.4.a 142

Nonfinancial Corporate Business S.5.a 145

Financial Business S.6.a 148

Federal Government S.7.a 151

State and Local Governments S.8.a 154

Rest of the World S.9.a 157
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Historical Annuals, 2005-2014, September 18, 2015 1

B.1 Derivation of U.S. Net Wealth

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 U.S. net wealth (1) 62899.2 67803.6 68347.2 55226.0 57098.5 60079.6 59623.5 64805.3 74492.1 77891.5 1

 2 Households’ direct holdings of nonfinancial assets 28540.1 29460.8 28158.3 24796.1 23727.4 23365.5 23395.2 25107.6 27688.0 29118.3 2

 3 Real estate 24146.7 24851.4 23348.9 19861.9 18771.0 18397.0 18269.6 19841.0 22319.6 23634.6 3

 4 Equipment (nonprofits) 206.1 226.0 245.8 264.0 271.9 280.1 293.0 301.8 309.1 320.0 4

 5 Intellectual property products (nonprofits) 79.5 82.8 87.6 91.6 96.4 101.8 109.4 115.9 121.5 125.9 5

 6 Consumer durable goods 4107.8 4300.5 4476.0 4578.6 4588.1 4586.7 4723.3 4848.9 4937.8 5037.8 6

 7 Nonfin. noncorporate businesses nonfinancial assets 9994.2 10481.4 10673.5 9580.2 8398.4 8822.2 9221.9 9951.6 11031.9 11696.0 7

 8 Real estate 9053.7 9478.5 9596.7 8462.3 7296.4 7666.3 7993.2 8684.9 9725.3 10331.2 8

 9 Equipment 574.4 620.5 659.4 699.6 696.3 709.2 740.7 772.6 804.9 838.2 9

 10 Intellectual property products 147.6 159.5 170.1 178.6 183.2 189.9 196.6 204.7 214.6 223.3 10

 11 Inventories 218.4 222.8 247.3 239.6 222.5 256.9 291.3 289.3 287.1 303.3 11

 12 Fin. noncorporate businesses nonfinancial assets (2) 11.7 9.7 12.6 10.7 14.8 15.9 11.9 17.3 15.9 17.5 12

 13 Market value of domestic corporations (3) 17318.4 20010.3 20332.9 12892.0 16090.3 18652.2 18439.1 20893.2 27183.3 29508.7 13

 14 Nonfinancial corporate equity 12686.6 14602.3 15730.7 10016.6 12512.2 14356.5 14369.4 15961.6 20717.0 22228.7 14

 15 Financial corporate equity 4631.9 5408.0 4602.2 2875.4 3578.1 4295.7 4069.7 4931.6 6466.4 7280.0 15

 16 Federal government nonfinancial assets (4) 2426.5 2579.8 2711.3 2829.2 2842.1 2957.5 3066.8 3137.2 3206.4 3258.6 16

 17 Structures 1176.5 1266.6 1325.4 1369.8 1326.1 1352.5 1406.9 1439.8 1480.6 1507.9 17

 18 Equipment 520.7 550.7 576.7 616.2 649.8 680.9 711.0 726.6 732.7 742.0 18

 19 Intellectual property products 729.3 762.4 809.3 843.2 866.2 924.1 948.9 970.8 993.1 1008.7 19

 20 State and local governments nonfinancial assets (4) 6259.0 7008.0 7623.1 8193.3 8243.0 8557.5 9068.6 9384.7 9718.9 9980.2 20

 21 Structures 5976.8 6715.1 7314.8 7863.3 7903.6 8207.7 8711.9 9022.9 9350.3 9603.7 21

 22 Equipment 206.9 212.7 221.5 236.4 240.9 245.4 246.5 246.7 248.4 252.1 22

 23 Intellectual property products 75.3 80.2 86.9 93.6 98.5 104.4 110.2 115.2 120.1 124.4 23

 24 Net U.S. financial claims on the rest of the world -1650.7 -1746.3 -1164.7 -3075.4 -2217.5 -2291.3 -3580.1 -3686.2 -4352.3 -5687.8 24

 25 U.S. financial claims on the rest of the world 9027.4 11056.9 13407.3 10624.0 12144.8 13762.7 13932.9 15276.4 16784.2 17304.5 25

 26 U.S. holdings of foreign corporate equities 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5321.9 6472.9 6719.7 26

 27 Other U.S. financial claims 5709.7 6727.9 8159.3 7875.5 8149.5 8862.5 9431.5 9954.6 10311.3 10584.8 27

 28 Less: Foreign financial claims on U.S. 10678.1 12803.2 14571.9 13699.4 14362.3 16054.1 17513.0 18962.6 21136.5 22992.3 28

 29 Foreign holdings of U.S. corporate equities 2118.4 2560.2 2956.2 1925.2 2658.4 3216.0 3397.2 3953.0 5204.4 5929.2 29

 30 Other foreign financial claims 8559.7 10243.0 11615.8 11774.2 11703.9 12838.1 14115.8 15009.6 15932.1 17063.2 30

 Memo:

 31 A. U.S. net wealth (line 1) 62899.2 67803.6 68347.2 55226.0 57098.5 60079.6 59623.5 64805.3 74492.1 77891.5 31

 32 Change in U.S. net wealth 6446.0 4904.4 543.6 -13121.1 1872.5 2981.1 -456.1 5181.9 9686.8 3399.4 32

 33 Percent change in U.S. net wealth 11.4 7.8 0.8 -19.2 3.4 5.2 -0.8 8.7 14.9 4.6 33

 34 B. Household net worth (5) 61889.6 66382.5 66837.6 56590.1 58390.8 62574.8 63839.8 69922.1 79371.0 83425.7 34

 35 Change in household net worth 5923.5 4492.9 455.1 -10247.5 1800.6 4184.1 1265.0 6082.3 9448.9 4054.7 35

 36 Percent change in household net worth 10.6 7.3 0.7 -15.3 3.2 7.2 2.0 9.5 13.5 5.1 36

(1) U.S. net wealth measures the value of tangible assets controlled by the household and nonprofit organizations, noncorporate business, and government sectors of the U.S. economy and the

 market value of domestic nonfinancial and financial corporations, net of U.S. financial obligations to the rest of the world (sum of lines 2+7+12+13+16+20+24).

(2) Assumed to be equal to proprietors’ equity in noncorporate brokers and dealers.

(3) This measure does not equal the net worth of the nonfinancial corporate business and financial business sectors reported in the Integrated Macroeconomic Accounts (tables S.2.a and S.2.q)

 because of differences in the valuation of assets.

(4) Excludes land and nonproduced nonfinancial assets.

(5) Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
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2 Historical Annuals, 2005-2014, September 18, 2015

F.2 Distribution of Gross Domestic Product (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross Domestic Product (GDP) 13093.7 13855.9 14477.6 14718.6 14418.7 14964.4 15517.9 16155.3 16663.2 17348.1 1

 2 Personal consumption expenditures (2) 8794.1 9304.0 9750.5 10013.6 9847.0 10202.2 10689.3 11050.6 11392.3 11865.9 2

 3 Durable goods 1127.2 1156.1 1184.6 1102.3 1023.3 1070.7 1125.3 1191.9 1237.8 1280.2 3

 4 Nondurable goods 1953.0 2079.7 2176.9 2273.4 2175.1 2292.1 2471.1 2547.2 2598.9 2668.2 4

 5 Services 5713.8 6068.2 6388.9 6637.9 6648.5 6839.4 7092.8 7311.5 7555.5 7917.5 5

 6 Gross private domestic investment 2527.1 2680.6 2643.7 2424.8 1878.1 2100.8 2239.9 2511.7 2665.0 2860.0 6

 7 Fixed investment (3) 2467.5 2613.7 2609.3 2456.8 2025.7 2039.3 2198.1 2449.9 2593.2 2782.9 7

 8 Nonresidential 1611.5 1776.3 1920.6 1941.0 1633.4 1658.2 1812.1 2007.7 2084.3 2233.7 8

 9 Household sector (nonprofit organizations) 126.1 137.4 153.9 155.1 147.1 134.1 130.8 137.4 133.7 139.7 9

 10 Nonfinancial corporate business 1132.2 1257.1 1345.6 1365.3 1140.6 1178.1 1299.2 1434.5 1491.7 1603.3 10

 11 Nonfinancial noncorporate business 173.2 193.2 209.6 224.3 178.9 183.3 214.6 243.7 252.8 268.1 11

 12 Financial institutions 180.0 188.7 211.5 196.2 166.9 162.8 167.5 192.1 206.1 222.6 12

 13 Residential 856.1 837.4 688.7 515.9 392.2 381.1 386.0 442.2 508.9 549.2 13

 14 Household sector 738.9 722.7 582.3 425.3 321.1 318.3 321.1 367.9 424.6 456.6 14

 15 Nonfinancial corporate business 6.0 5.0 17.2 6.8 4.7 0.5 -1.8 0.2 -8.4 -0.4 15

 16 Nonfinancial noncorporate business 108.7 106.2 98.5 83.7 65.8 58.3 60.2 68.9 78.0 85.6 16

 17 REITs 2.5 3.5 -9.3 0.1 0.7 4.0 6.5 5.3 14.7 7.4 17

 18 Change in private inventories 59.6 67.0 34.5 -32.0 -147.6 61.5 41.8 61.8 71.8 77.1 18

 19 Nonfinancial corporate business 52.5 61.7 31.2 -29.7 -130.8 57.9 34.9 65.8 55.2 63.2 19

 20 Nonfinancial noncorporate business 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 -4.0 16.6 13.9 20

 21 Net U.S. exports of goods and services -721.2 -770.9 -718.5 -723.1 -395.4 -512.7 -580.0 -565.7 -508.4 -530.0 21

 22 Exports 1308.9 1476.3 1664.6 1841.9 1587.7 1852.3 2106.4 2198.2 2263.3 2341.9 22

 23 - Imports 2030.1 2247.3 2383.2 2565.0 1983.2 2365.0 2686.4 2763.8 2771.7 2871.9 23

 Government consumption expenditures and

 24 gross investment 2493.7 2642.2 2801.9 3003.2 3089.1 3174.0 3168.7 3158.6 3114.2 3152.1 24

 25 Consumption expenditures (4) 1980.0 2089.8 2209.7 2368.6 2442.1 2522.2 2530.9 2544.1 2522.0 2556.3 25

 26 Federal 723.4 763.9 798.4 879.8 933.7 1003.9 1006.1 1007.8 961.3 955.3 26

 27 State and local 1256.6 1325.9 1411.4 1488.7 1508.4 1518.3 1524.8 1536.3 1560.7 1601.0 27

 28 Gross investment (4) 513.6 552.3 592.2 634.6 647.0 651.8 637.9 614.4 592.3 595.8 28

 29 Federal 222.9 238.0 251.4 275.8 284.0 300.0 297.4 284.7 269.4 264.6 29

 30 State and local 290.8 314.3 340.8 358.8 363.0 351.9 340.5 329.7 322.9 331.3 30

 Memo:

 31 Net U.S. income receipts from rest of world 92.6 67.6 125.6 172.0 151.0 206.0 246.6 237.6 250.4 263.1 31

 32 U.S. income receipts 575.8 724.2 875.7 856.9 648.9 720.0 792.6 801.5 826.2 854.3 32

 33 - U.S. income payments 483.2 656.6 750.1 684.9 497.8 514.1 546.0 563.9 575.8 591.2 33

 Gross National Product (GNP) =

 34 GDP + net U.S. income receipts 13186.3 13923.5 14603.2 14890.6 14569.8 15170.4 15764.6 16392.8 16913.5 17611.2 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 Household sector -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -7.8 -7.9 -8.2 -8.4 35

 36 Nonfinancial corporate business 1.0 13.6 0.4 17.6 6.3 -1.1 -0.5 0.8 1.0 1.2 36

 37 Federal government -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -2.0 -2.4 -2.7 37

 38 State and local governments 10.0 11.0 13.6 13.8 12.3 10.6 9.2 9.1 9.6 9.9 38

 39 Rest of the world 0.1 -0.1 0.5 -0.0 0.0 -0.0 -0.0 -0.1 0.0 -0.0 39

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

(2) Component of personal outlays, found on table F.101, line 4.

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

(4) Government inventory investment is included in consumption expenditures.
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Historical Annuals, 2005-2014, September 18, 2015 3

F.3 Distribution of National Income (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 National Income 11239.8 12004.8 12321.4 12427.8 12126.1 12739.5 13352.3 14061.9 14458.3 15076.5 1

 2 Compensation of employees 7086.8 7502.3 7898.3 8078.3 7787.0 7961.4 8269.0 8609.9 8839.7 9248.9 2

 3 Wages and salaries 5692.0 6057.4 6395.2 6531.9 6251.4 6377.5 6633.2 6930.3 7114.4 7477.8 3

 4 Supplements to wages and salaries 1394.8 1444.9 1503.1 1546.4 1535.6 1583.9 1635.9 1679.6 1725.3 1771.2 4

 5 Proprietors’ income with IVA and CCAdj 979.0 1053.7 979.2 1026.5 973.0 1032.7 1143.7 1241.4 1285.1 1346.7 5

 6 Rental income of persons with CCAdj 238.4 207.5 189.4 262.1 333.7 402.8 485.3 525.3 563.4 610.8 6

 7 Corporate profits with IVA and CCAdj 1477.7 1646.5 1529.0 1285.1 1397.0 1746.4 1816.6 1998.2 2037.4 2072.9 7

 8 Corporate profits with IVA 1621.2 1815.7 1708.9 1345.5 1479.2 1799.7 1738.5 2116.6 2164.9 2204.8 8

 9 Profits before tax 1653.3 1851.4 1748.4 1382.4 1472.6 1840.7 1806.8 2130.8 2161.6 2207.8 9

 10 Domestic nonfinancial 1004.6 1180.1 1093.5 880.3 752.5 1039.2 1008.9 1241.4 1323.2 1366.1 10

 11 Domestic financial 409.7 415.1 301.5 95.4 362.9 406.3 375.9 479.0 423.6 423.4 11

 12 Rest of the world 239.1 256.2 353.4 406.7 357.2 395.2 421.9 410.3 414.8 418.2 12

 Less:

 13 Taxes on corporate income 412.4 473.4 445.5 309.1 269.4 370.6 379.1 447.6 468.9 513.9 13

 14 Domestic nonfinancial 271.9 307.7 293.8 227.4 177.8 220.6 228.8 266.7 284.6 316.2 14

 15 Domestic financial 140.5 165.7 151.7 81.7 91.6 150.0 150.3 180.9 184.3 197.6 15

 Equals:

 16 Profits after tax 1240.9 1378.1 1302.9 1073.3 1203.1 1470.1 1427.7 1683.2 1692.7 1693.9 16

 17 Net dividends 580.5 726.0 818.9 808.6 574.6 564.0 703.7 859.4 924.0 860.0 17

 18 Domestic nonfinancial 170.8 471.1 484.6 474.2 351.4 375.5 441.0 517.9 525.2 573.8 18

 19 Domestic financial 148.9 177.0 193.9 153.9 105.1 67.1 107.7 162.2 252.5 150.6 19

 20 Rest of the world 260.9 77.9 140.4 180.5 118.1 121.4 154.9 179.3 146.3 135.6 20

 21 Undistributed profits 660.4 652.1 484.0 264.7 628.5 906.2 724.0 823.8 768.7 833.9 21

 22 Domestic nonfinancial 561.9 401.3 315.1 178.7 223.3 443.1 339.1 456.8 513.3 476.1 22

 23 Domestic financial 120.3 72.5 -44.1 -140.2 166.2 189.3 117.9 136.0 -13.1 75.2 23

 24 Rest of the world -21.8 178.3 213.0 226.2 239.1 273.8 267.0 231.0 268.5 282.6 24

 25 Inventory valuation adjustment (IVA) -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -68.3 -14.2 3.2 -2.9 25

 26 Capital consumption adjustment (CCAdj) -143.5 -169.2 -179.9 -60.4 -82.2 -53.3 78.1 -118.5 -127.5 -131.9 26

 27 Domestic nonfinancial -101.5 -129.4 -139.4 -29.1 -41.1 -15.2 98.3 -77.6 -89.6 -92.1 27

 28 Domestic financial -41.9 -39.8 -40.5 -31.4 -41.2 -38.1 -20.2 -40.9 -37.9 -39.8 28

 29 Net interest and miscellaneous payments 496.8 580.9 663.4 693.4 563.4 489.4 488.1 527.7 513.5 532.3 29

 30 Taxes on production and imports 934.5 991.9 1034.6 1041.9 1026.1 1057.1 1102.6 1132.1 1178.0 1213.7 30

 31 Less: Subsidies 60.9 51.5 54.6 52.6 58.3 55.9 60.1 58.0 59.4 57.9 31

 32 Business current transfer payments (net) 93.9 82.6 98.6 114.4 124.9 128.5 131.5 104.7 119.4 127.3 32

 33 To persons (net) 25.7 21.5 30.6 36.6 38.7 43.0 50.2 42.7 41.2 42.0 33

 34 To government (net) 53.4 58.3 62.0 70.6 88.5 87.2 89.2 72.5 91.9 94.8 34

 35 To rest of the world (net) 14.8 2.8 6.0 7.2 -2.3 -1.7 -7.9 -10.6 -13.7 -9.5 35

 36 Current surplus of government enterprises -6.4 -9.3 -16.4 -21.2 -20.6 -22.9 -24.5 -19.3 -18.8 -18.3 36

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

 37 National Income, from line 1 above 11239.8 12004.8 12321.4 12427.8 12126.1 12739.5 13352.3 14061.9 14458.3 15076.5 37

 Plus:

 38 Private consumption of fixed capital 1635.3 1765.0 1865.0 1936.9 1925.7 1923.5 1971.1 2038.0 2126.6 2229.9 38

 39 Government consumption of fixed capital 346.7 371.0 399.4 426.5 442.7 458.1 479.6 496.2 506.2 516.8 39

 40 Statistical discrepancy -35.5 -217.3 17.5 99.4 75.3 49.2 -38.3 -203.3 -177.6 -212.0 40

 Less:

 41 Net U.S. income receipts from rest of world 92.6 67.6 125.6 172.0 151.0 206.0 246.6 237.6 250.4 263.1 41

 Equals:

 42 Gross Domestic Product 13093.7 13855.9 14477.6 14718.6 14418.7 14964.4 15517.9 16155.3 16663.2 17348.1 42

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
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4 Historical Annuals, 2005-2014, September 18, 2015

F.4 Saving and Investment by Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 2338.5 2648.1 2500.3 2268.4 2067.9 2257.5 2434.6 2861.2 3039.2 3266.8 1

 2 Net saving 356.6 512.1 236.0 -95.0 -300.4 -124.1 -16.1 327.0 406.3 520.1 2

 3 Net private saving 727.9 778.5 574.4 704.1 1220.3 1441.9 1444.0 1637.9 1234.4 1319.2 3

 4 Domestic business 484.8 447.1 264.6 167.3 552.9 811.9 733.9 691.2 644.5 699.0 4

 5 Nonfinancial corporate business 411.7 386.5 313.1 296.7 381.0 603.5 584.2 556.3 650.7 618.5 5

 6 Financial business 73.1 60.7 -48.5 -129.4 171.9 208.4 149.7 134.8 -6.3 80.5 6

 7 Households and institutions 243.1 331.4 309.8 536.7 667.4 630.0 710.1 946.7 589.9 620.2 7

 8 Net government saving -371.3 -266.4 -338.4 -799.0 -1520.8 -1566.0 -1460.1 -1310.8 -828.0 -799.2 8

 9 Federal -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 -631.5 9

 10 State and local -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -215.9 -220.8 -187.1 -167.7 10

 11 Consumption of fixed capital 1982.0 2136.0 2264.4 2363.4 2368.4 2381.6 2450.6 2534.2 2632.8 2746.7 11

 12 Private 1635.3 1765.0 1865.0 1936.9 1925.7 1923.5 1971.1 2038.0 2126.6 2229.9 12

 13 Domestic business 1273.2 1368.8 1451.2 1522.3 1522.4 1523.0 1572.8 1633.4 1699.4 1775.2 13

 14 Nonfinancial corporate business 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1139.2 1186.2 1232.2 1285.7 14

 15 Nonfinancial noncorporate business 214.4 232.6 245.6 254.5 253.0 251.8 265.0 273.0 284.5 297.5 15

 16 Financial business 148.9 156.8 165.4 173.9 177.4 176.7 168.6 174.2 182.7 192.0 16

 17 Households and institutions 362.1 396.2 413.7 414.6 403.3 400.5 398.2 404.6 427.2 454.8 17

 18 Government 346.7 371.0 399.4 426.5 442.7 458.1 479.6 496.2 506.2 516.8 18

 19 Federal 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 270.7 19

 20 State and local 157.3 170.3 186.6 200.2 208.2 212.7 222.2 231.9 238.5 246.1 20

 Gross domestic investment, capital account

 21 transactions, and net lending, NIPAs 2303.1 2430.8 2517.8 2367.8 2143.2 2306.7 2396.2 2658.0 2861.5 3054.7 21

 22 Gross domestic investment 3040.7 3233.0 3235.9 3059.4 2525.1 2752.6 2877.8 3126.1 3257.3 3455.9 22

 23 Gross private domestic investment 2527.1 2680.6 2643.7 2424.8 1878.1 2100.8 2239.9 2511.7 2665.0 2860.0 23

 24 Domestic business 1662.1 1820.6 1907.6 1844.4 1410.0 1648.4 1788.0 2006.4 2106.7 2263.8 24

 25 Nonfinancial corporate business 1185.9 1321.6 1379.4 1342.9 1011.1 1239.0 1338.9 1505.7 1553.2 1673.5 25

 26 Nonfinancial noncorporate business 296.3 310.3 316.7 305.2 232.0 246.7 281.7 308.6 347.4 367.6 26

 27 Financial business 180.0 188.7 211.5 196.2 166.9 162.8 167.5 192.1 206.1 222.6 27

 28 Households and institutions 865.0 860.1 736.1 580.4 468.1 452.4 451.9 505.3 558.4 596.2 28

 29 Gross government investment 513.6 552.3 592.2 634.6 647.0 651.8 637.9 614.4 592.3 595.8 29

 30 Federal 222.9 238.0 251.4 275.8 284.0 300.0 297.4 284.7 269.4 264.6 30

 31 State and local 290.8 314.3 340.8 358.8 363.0 351.9 340.5 329.7 322.9 331.3 31

 32 Capital account transactions (net) (2) -12.9 2.1 -0.1 -5.4 0.6 0.7 1.6 -6.5 0.8 0.5 32

 33 Private -30.8 20.0 -4.0 -53.2 -121.4 -58.5 -46.7 -24.5 7.0 5.5 33

 34 Domestic business 0.1 13.6 0.3 -49.9 -83.4 -29.4 -40.9 -11.5 -4.7 4.5 34

 35 Nonfinancial corporate business -14.5 13.6 0.3 13.9 44.6 19.8 -6.9 -16.2 -4.7 -5.5 35

 36 Nonfinancial noncorporate business -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 0.0 36

 37 Financial business 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 0.0 10.0 37

 38 Households and institutions -31.0 6.5 -4.4 -3.3 -38.1 -29.1 -5.8 -12.9 11.7 0.9 38

 39 Government 18.0 -18.0 3.9 47.8 122.0 59.2 48.4 18.0 -6.1 -5.0 39

 40 Federal 58.3 28.8 49.6 97.2 177.4 125.3 113.0 83.0 55.7 56.1 40

 41 State and local -40.3 -46.8 -45.7 -49.4 -55.4 -66.2 -64.6 -65.0 -61.8 -61.1 41

 42 Net lending (+) or net borrowing (-), NIPAs (3) -724.8 -804.2 -718.0 -686.2 -382.5 -446.6 -483.2 -461.7 -396.6 -401.6 42

 43 Private -168.5 -374.4 -182.9 368.7 1464.6 1372.3 1183.6 985.3 511.4 471.6 43

 44 Domestic business 60.3 -235.5 -174.7 -5.4 824.0 765.2 521.3 126.5 64.3 -6.1 44

 45 Nonfinancial corporate business (3) 114.8 -186.6 -8.9 133.2 492.5 488.5 353.1 49.8 156.8 24.2 45

 46 Nonfinancial noncorporate business -68.8 -77.7 -71.1 -47.5 27.0 12.9 -15.1 -30.7 -62.8 -70.2 46

 47 Financial business 14.3 28.8 -94.6 -91.2 304.4 263.8 183.3 107.4 -29.7 39.9 47

 48 Households and institutions -228.8 -139.0 -8.2 374.2 640.6 607.2 662.3 858.9 447.1 477.8 48

 49 Government -556.3 -429.8 -535.1 -1055.0 -1847.1 -1819.0 -1666.7 -1447.0 -908.0 -873.2 49

 50 Federal -396.6 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -698.3 -681.4 50

 51 State and local -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -269.6 -253.6 -209.7 -191.8 51

 52 Statistical discrepancy (line 21 less line 1) -35.5 -217.3 17.5 99.4 75.3 49.2 -38.3 -203.3 -177.6 -212.0 52

 Addenda:

 53 Disaster losses 110.4 0.0 0.0 19.1 0.0 0.0 0.0 45.9 0.0 0.0 53

 54 Private 99.2 0.0 0.0 19.1 0.0 0.0 0.0 38.3 0.0 0.0 54

 55 Domestic business 48.8 0.0 0.0 10.8 0.0 0.0 0.0 17.5 0.0 0.0 55

 56 Households and institutions 50.4 0.0 0.0 8.3 0.0 0.0 0.0 20.9 0.0 0.0 56

 57 Government 11.2 0.0 0.0 0.0 0.0 0.0 0.0 7.6 0.0 0.0 57

 58 Federal 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

 59 State and local 10.7 0.0 0.0 0.0 0.0 0.0 0.0 7.6 0.0 0.0 59

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

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

(2) Consists of net capital transfers shown on table F.5 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.2.

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
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Historical Annuals, 2005-2014, September 18, 2015 5

F.5 Net Capital Transfers (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Capital transfers paid, by sector 166.3 104.0 110.9 193.5 272.2 186.7 137.9 140.0 105.0 111.4 1

 2 By private business 28.9 0.0 0.0 7.6 40.4 25.8 0.0 14.3 0.0 10.0 2

 3 Financial corporations 28.9 0.0 0.0 7.6 0.0 0.0 0.0 14.3 0.0 10.0 3

 4 Disaster-related insurance benefits 28.9 0.0 0.0 7.6 0.0 0.0 0.0 14.3 0.0 0.0 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 40.4 25.8 0.0 0.0 0.0 0.0 6

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

 8 By government 91.8 71.0 79.4 145.9 206.9 141.4 123.5 99.0 79.0 77.6 8

 9 Federal 85.3 71.0 79.4 145.9 206.9 141.4 123.5 99.0 79.0 77.6 9

 10 Investment grants to state and local govts. 49.4 52.7 54.3 57.6 63.4 72.1 69.1 66.6 66.3 66.0 10

 11 Disaster-related insurance benefits 17.3 0.0 0.0 2.8 0.0 0.0 0.0 7.6 0.0 0.0 11

 12 Financial stabilization payments 0.0 0.0 0.0 67.7 121.9 41.5 32.4 4.7 0.0 0.0 12

 13 Other capital transfers paid to business 0.0 0.0 0.0 0.1 8.1 12.7 8.0 8.5 5.7 6.7 13

 14 Other capital transfers paid to persons 15.9 16.4 24.7 16.9 12.9 14.5 12.4 10.5 6.1 4.5 14

 15 Capital transfers paid to rest of world (net) 2.6 2.0 0.4 0.8 0.6 0.7 1.6 1.1 0.8 0.4 15

 16 State and local 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Disaster-related insurance benefits 6.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 By persons 30.3 32.9 31.5 33.9 24.9 19.5 14.4 19.0 26.0 23.8 18

 19 Estate and gift taxes, federal 25.0 27.8 26.5 28.3 20.6 15.1 9.6 14.1 20.9 18.8 19

 20 Estate and gift taxes, state and local 5.3 5.1 5.0 5.6 4.3 4.4 4.7 4.9 5.1 5.0 20

 21 By the rest of the world 15.4 0.0 0.0 6.2 0.0 0.0 0.0 7.7 0.0 0.0 21

 22 Disaster-related insurance benefits 15.4 0.0 0.0 6.2 0.0 0.0 0.0 7.7 0.0 0.0 22

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

 24 Capital transfers received, by sector 166.3 104.0 110.9 193.5 272.2 186.7 137.9 140.0 105.0 111.4 24

 25 By private business 29.7 0.0 0.0 75.0 130.0 54.2 40.4 26.6 5.7 6.7 25

 26 Financial corporations 1.1 0.0 0.0 68.1 121.9 41.5 32.4 4.7 0.0 0.0 26

 27 Disaster-related insurance benefits 1.1 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Other 0.0 0.0 0.0 67.7 121.9 41.5 32.4 4.7 0.0 0.0 28

 29 Nonfinancial corporations 15.5 0.0 0.0 3.7 2.1 4.9 6.4 17.0 5.7 6.7 29

 30 Disaster-related insurance benefits 15.5 0.0 0.0 3.6 0.0 0.0 0.0 8.5 0.0 0.0 30

 31 Other 0.0 0.0 0.0 0.1 2.1 4.9 6.4 8.4 5.7 6.7 31

 32 Noncorporate business 13.1 0.0 0.0 3.3 6.0 7.8 1.6 4.9 0.0 -0.0 32

 33 Disaster-related insurance benefits 13.1 0.0 0.0 3.3 0.0 0.0 0.0 4.9 0.0 0.0 33

 34 Other 0.0 0.0 0.0 0.0 6.0 7.8 1.6 0.0 0.0 -0.0 34

 35 By government 81.8 85.6 85.8 91.5 88.3 91.8 83.5 88.2 92.3 89.8 35

 36 Federal 25.0 27.8 26.5 28.3 20.6 15.1 9.6 14.1 20.9 18.8 36

 37 Estate and gift taxes paid by persons 25.0 27.8 26.5 28.3 20.6 15.1 9.6 14.1 20.9 18.8 37

 38 State and local 56.8 57.8 59.3 63.2 67.7 76.7 73.8 74.2 71.4 71.0 38

 39 Disaster-related insurance benefits 2.1 0.0 0.0 0.0 0.0 0.0 0.0 2.7 0.0 0.0 39

 40 Estate and gift taxes paid by persons 5.3 5.1 5.0 5.6 4.3 4.4 4.7 4.9 5.1 5.0 40

 41 Investment grants paid by federal government 49.4 52.7 54.3 57.6 63.4 72.1 69.1 66.6 66.3 66.0 41

 42 Other 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 42

 43 By persons 52.2 16.4 24.7 26.2 53.3 40.1 12.4 24.0 6.1 14.5 43

 44 Disaster-related insurance benefits 36.3 0.0 0.0 9.3 0.0 0.0 0.0 13.5 0.0 0.0 44

 45 Other 15.9 16.4 24.7 16.9 53.3 40.1 12.4 10.5 6.1 14.5 45

 46 By the rest of the world 2.6 2.0 0.4 0.8 0.6 0.7 1.6 1.1 0.8 0.4 46

 47 Capital transfers paid by U.S. government 2.6 2.0 0.4 0.8 0.6 0.7 1.6 1.1 0.8 0.4 47

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

 Addenda: Net capital transfers paid by sector

 49 By private business (lines 2-25) -0.9 -0.0 -0.0 -67.5 -89.6 -28.3 -40.4 -12.3 -5.7 3.3 49

 50 Financial corporations (lines 3-26) 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 0.0 10.0 50

 51 Property-casualty insurance companies (line 4) 28.9 0.0 0.0 7.6 0.0 0.0 0.0 14.3 0.0 0.0 51

 52 U.S.-chartered depository institutions -1.1 0.0 0.0 -29.7 -18.2 2.4 3.2 0.0 0.0 10.0 52

 53 Financial stabilization payments (2) 0.0 0.0 0.0 -29.3 -18.2 2.4 3.2 0.0 0.0 0.0 53

 54 Other (lines 5-27) -1.1 0.0 0.0 -0.4 0.0 0.0 0.0 0.0 0.0 10.0 54

 55 Government-sponsored enterprises (2) 0.0 0.0 0.0 -6.9 -87.1 -40.2 -31.9 -4.7 0.0 0.0 55

 56 Holding companies (GMAC) (2) 0.0 0.0 0.0 -3.2 -11.3 -1.5 -0.3 0.0 0.0 0.0 56

 57 Funding corporations (AIG) (2) 0.0 0.0 0.0 -28.3 -5.3 -2.2 -3.4 0.0 0.0 0.0 57

 58 Nonfinancial corporations (lines 6-29) -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -17.0 -5.7 -6.7 58

 59 Noncorporate business (lines 7-32) -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 0.0 59

 60 By government (lines 8-35) 10.0 -14.6 -6.4 54.4 118.6 49.6 40.0 10.8 -13.3 -12.2 60

 61 Federal (lines 9-36) 60.3 43.2 53.0 117.6 186.3 126.3 113.9 85.0 58.1 58.8 61

 62 State and local (lines 16-38) -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.8 -74.2 -71.4 -71.0 62

 63 By persons (lines 18-43) -21.9 16.6 6.8 7.7 -28.4 -20.6 2.0 -5.1 19.8 9.3 63

 64 By the rest of the world (lines 21-46) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.5 -0.8 -0.4 64

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

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Financial Accounts of the United States.
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6 Historical Annuals, 2005-2014, September 18, 2015

F.6 Derivation of Measures of Personal Saving (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets 1367.2 1451.8 1752.1 1555.7 649.1 742.1 1277.8 1501.0 1138.3 1343.9 1

 2 Foreign deposits 2.1 6.1 17.8 -17.8 -7.2 4.5 -9.9 -7.9 2.3 -6.4 2

 3 Checkable deposits and currency -37.2 34.7 -8.5 180.6 115.8 36.2 325.0 236.2 124.3 142.5 3

 4 Time and savings deposits 505.0 506.8 498.6 259.8 101.2 165.8 375.3 422.0 216.3 434.2 4

 5 Money market fund shares 47.4 221.8 241.8 235.3 -269.3 -180.1 -20.3 3.3 27.8 -29.5 5

 6 Debt securities 62.6 -86.8 488.2 568.9 77.5 -73.0 -201.0 -214.1 -612.8 -461.4 6

 7 Open market paper 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.6 -3.8 -0.1 7

 8 Treasury securities -113.9 -101.8 -33.9 136.8 529.2 318.3 -228.9 194.9 -149.5 -17.2 8

 9 Agency- and GSE-backed securities 151.3 -21.9 341.3 240.3 -672.5 -10.0 40.4 -57.8 -53.7 -200.1 9

 10 Municipal securities 77.9 36.0 37.5 46.9 107.2 44.1 -65.5 -144.5 -55.6 -66.9 10

 11 Corporate and foreign bonds -67.3 -18.2 153.5 246.1 97.0 -423.8 54.7 -206.0 -350.1 -177.2 11

 12 Loans 4.4 69.3 227.8 -162.2 -48.9 5.8 -10.8 10.3 52.1 55.8 12

 13 Corporate equities (2) -408.1 -594.5 -1045.7 -305.6 -18.6 -190.3 -279.5 -202.7 160.8 54.4 13

 14 Mutual fund shares 197.3 182.4 281.7 100.2 264.5 164.7 257.3 471.3 513.8 404.8 14

 15 Life insurance reserves 15.1 57.8 18.6 59.9 24.6 6.2 73.5 -26.6 19.2 45.3 15

 16 Pension entitlements 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 532.3 16

 17 Miscellaneous and other assets 380.1 452.4 435.1 171.3 -83.3 151.2 228.8 227.7 104.7 172.0 17

 18 Gross investment in nonfinancial assets 2197.1 2234.8 2146.1 1919.3 1657.2 1694.0 1783.0 1935.6 2064.4 2161.0 18

 19 Residential fixed investment 847.6 828.9 680.7 509.0 386.9 376.5 381.3 436.8 502.6 542.1 19

 20 Nonresidential fixed investment 299.3 330.5 363.5 379.4 326.0 317.4 345.4 381.1 386.5 407.8 20

 21 Consumer durables 1052.2 1080.2 1109.8 1044.2 970.8 1005.0 1057.2 1129.5 1166.9 1205.6 21

 22 Nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -7.8 -7.9 -8.2 -8.4 22

 23 Inventories 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 -4.0 16.6 13.9 23

 24 Consumption of fixed capital 1381.1 1474.5 1543.6 1585.8 1586.2 1580.9 1601.5 1640.0 1697.1 1755.6 24

 25 Residential fixed investment 354.5 388.2 401.6 395.6 377.9 372.0 369.9 372.6 394.7 421.8 25

 26 Nonresidential fixed investment 226.7 245.8 263.4 280.5 287.7 290.7 293.4 305.0 317.0 330.4 26

 27 Consumer durables 799.9 840.5 878.6 909.6 920.6 918.1 938.2 962.5 985.4 1003.4 27

 28 Net investment in nonfinancial assets (3) 816.0 760.3 602.5 333.5 71.0 113.2 181.5 295.5 367.4 405.4 28

 29 Residential fixed investment 493.1 440.7 279.2 113.3 9.0 4.5 11.5 64.2 107.9 120.3 29

 30 Nonresidential fixed investment 72.6 84.8 100.1 98.9 38.2 26.7 52.0 76.1 69.5 77.3 30

 31 Consumer durables 252.4 239.6 231.1 134.6 50.3 86.9 119.0 167.1 181.5 202.2 31

 32 Nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -7.8 -7.9 -8.2 -8.4 32

 33 Inventories 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 -4.0 16.6 13.9 33

 34 Net increase in liabilities 1702.1 1857.5 1549.0 462.1 22.8 -149.6 -32.6 463.6 304.9 682.1 34

 35 Home mortgages 1120.6 1071.8 768.9 53.0 36.8 -155.0 -88.5 -80.6 2.0 50.7 35

 36 Other mortgages 117.8 227.0 286.5 230.9 44.0 -31.4 -21.9 67.5 77.8 138.5 36

 37 Consumer credit 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 213.1 37

 38 Other loans and advances -31.5 64.4 36.6 -154.5 38.7 77.6 -37.4 66.1 37.4 33.2 38

 39 Other liabilities 394.8 373.9 305.6 297.7 6.9 -15.4 6.6 241.1 11.7 246.7 39

 40 Net capital transfers paid (4) -35.0 16.6 6.8 4.4 -34.4 -28.4 0.4 -10.0 19.8 9.3 40

 41 Personal saving, FOF concept (FOF) 446.3 371.1 812.4 1431.6 662.9 976.5 1492.3 1322.9 1220.6 1076.6 41

 42 - Net investment in consumer durables 252.4 239.6 231.1 134.6 50.3 86.9 119.0 167.1 181.5 202.2 42

 43 - Government insurance and pension fund reserves (5) -0.8 -1.8 -1.1 -2.2 -1.2 -3.2 -2.4 -2.5 -2.2 -2.0 43

 44 + Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 4.6 5.2 5.1 44

 45 = Personal saving, NIPA concept (FOF) (6) 199.4 137.9 587.2 1304.0 618.9 897.8 1380.2 1162.9 1046.4 881.5 45

 46 Personal saving, NIPA concept (NIPA) 243.1 331.4 309.8 536.7 667.4 630.0 710.1 946.7 589.9 620.2 46

 47 Difference -43.8 -193.5 277.4 767.3 -48.5 267.7 670.0 216.2 456.5 261.3 47

 Memo:

 48 Disposable personal income 9400.8 10036.9 10507.0 10994.4 10942.5 11237.9 11801.4 12403.7 12395.6 12913.9 48

 Personal saving as a percentage of disposable personal income:

 49 FOF concept (FOF data) (line 41) 4.7 3.7 7.7 13.0 6.1 8.7 12.6 10.7 9.8 8.3 49

 50 NIPA concept (FOF data) (line 44) 2.1 1.4 5.6 11.9 5.7 8.0 11.7 9.4 8.4 6.8 50

 51 NIPA concept (NIPA data) (line 45) 2.6 3.3 2.9 4.9 6.1 5.6 6.0 7.6 4.8 4.8 51

 52 Difference (line 46) -0.5 -1.9 2.6 7.0 -0.4 2.4 5.7 1.7 3.7 2.0 52

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

(2) Directly held, and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 14), life insurance reserves (line 15), and pension entitlements (line 16).

(3) Line 18 less line 24.

(4) Table F.5, line 59 plus line 63.

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

(6) Line 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 43) and

 including contributions for government social insurance to U.S.-affiliated areas, plus net investment in nonfinancial assets net of consumer durables (line 28 less line 42) less net increase in liabilities (line 34)

 plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 46) is disposable personal income (line 48) less personal outlays (table F.101, line 4).
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Historical Annuals, 2005-2014, September 18, 2015 7

L.6 Assets and Liabilities of the Personal Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 39698.0 44665.3 47750.3 42287.8 46058.7 49841.3 50496.6 54391.2 60392.2 62987.1 1

 2 Foreign deposits 63.8 69.9 87.7 69.9 62.7 67.3 57.4 49.5 51.7 45.3 2

 3 Checkable deposits and currency 660.1 688.5 669.0 814.7 930.5 955.4 1280.3 1502.9 1627.2 1769.7 3

 4 Time and savings deposits 5289.1 5828.5 6333.0 6592.7 6679.3 6807.1 7182.3 7559.4 7776.3 8273.5 4

 5 Money market fund shares 1012.4 1180.1 1421.9 1657.2 1387.9 1207.8 1187.5 1190.9 1218.7 1189.2 5

 6 Debt securities 3382.2 3337.6 3872.7 4312.4 4686.4 4788.4 4275.6 4119.9 3732.3 3245.1 6

 7 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 18.8 15.0 14.9 7

 8 Treasury securities 483.8 385.9 267.0 238.9 904.9 1175.3 756.2 961.7 1014.7 952.6 8

 9 Agency- and GSE-backed securities 590.5 617.9 880.1 1063.1 362.3 340.3 356.7 288.2 276.7 52.6 9

 10 Municipal securities 1605.1 1641.4 1678.9 1725.8 1833.0 1877.1 1811.6 1667.1 1611.5 1544.6 10

 11 Corporate and foreign bonds 604.5 575.0 939.5 1278.5 1563.5 1374.5 1331.7 1184.2 814.4 680.4 11

 12 Loans 809.0 947.2 1175.0 1012.7 966.2 972.0 961.1 960.4 1012.6 1068.4 12

 13 Other loans and advances 632.1 709.7 934.6 767.2 728.5 751.4 749.5 777.9 841.4 893.2 13

 14 Mortgages 176.9 158.3 152.8 150.9 148.8 142.1 137.2 116.9 111.9 121.6 14

 15 Consumer credit 0.0 79.2 87.6 94.6 88.8 78.4 74.5 65.6 59.3 53.6 15

 16 Corporate equities (2) 8049.5 10177.3 9978.0 5810.0 7318.1 8760.8 8564.4 9761.6 12643.3 13323.9 16

 17 Mutual fund shares 3524.8 4087.0 4599.7 3248.7 4125.6 4628.8 4628.1 5632.9 7110.5 7800.4 17

 18 Life insurance reserves 1082.6 1055.2 1077.2 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 1282.8 18

 19 Pension entitlements 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 19

 20 Life insurance companies 2002.5 2172.1 2294.5 2053.2 2148.8 2344.7 2384.5 2574.0 2843.3 2956.9 20

 21 Private pension funds 5436.9 5850.4 6193.3 5342.2 5989.8 6635.9 6749.9 7276.2 8097.6 8478.7 21

 22 Governments 6031.9 6461.2 6783.5 6902.3 7312.2 8043.9 8306.7 8631.5 8991.2 9327.1 22

 23 Miscellaneous and other assets 2353.1 2810.3 3264.9 3421.6 3341.5 3492.0 3719.4 3945.7 4054.6 4226.1 23

 24 Total liabilities 16342.7 18224.9 19744.5 20073.9 19793.7 19454.3 19273.9 19528.3 19741.2 20375.8 24

 25 Home mortgages 9389.5 10461.3 11198.1 11121.0 10918.7 10433.0 10190.6 9962.7 9872.5 9875.6 25

 26 Other mortgages 1788.7 2015.7 2302.2 2530.3 2574.3 2542.8 2521.0 2588.5 2666.3 2804.8 26

 27 Consumer credit 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 27

 28 Other loans and advances 351.5 415.9 452.5 298.0 336.7 414.3 376.9 443.1 480.5 513.7 28

 29 Other liabilities 2492.5 2870.7 3176.6 3474.5 3411.8 3417.3 3430.0 3611.2 3623.1 3869.7 29

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 17), life insurance reserves (line 18), and pension entitlements (line 19).
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8 Historical Annuals, 2005-2014, September 18, 2015

F.100 Domestic Nonfinancial Sectors (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving less net capital transfers paid 3207.6 3506.6 3492.9 3281.7 2692.3 2881.8 3166.2 3694.9 4021.1 4201.5 1

 2 Gross investment 3137.1 3238.1 3680.5 2912.8 2769.4 2935.6 2990.2 3239.2 4210.9 4040.8 2

 3 Capital expenditures 3910.5 4121.0 4143.0 3907.3 3328.4 3590.9 3761.1 4058.3 4203.3 4431.4 3

 4 Consumer durables 1052.2 1080.2 1109.8 1044.2 970.8 1005.0 1057.2 1129.5 1166.9 1205.6 4

 5 Fixed residential investment 862.5 840.8 703.3 523.2 399.3 387.0 388.0 443.0 500.5 547.5 5

 6 Fixed nonresidential investment 1936.3 2133.0 2296.0 2372.0 2105.9 2137.4 2274.0 2424.0 2464.1 2601.2 6

 7 Inventory change 59.6 67.0 34.5 -32.0 -147.6 61.5 41.8 61.8 71.8 77.1 7

 8 Nonproduced nonfinancial assets -0.1 0.1 -0.5 0.0 0.0 0.0 0.0 0.1 0.0 0.0 8

 9 Net lending (+) or net borrowing (-) -773.4 -883.0 -462.5 -994.5 -559.0 -655.2 -770.9 -819.2 7.6 -390.6 9

 10 Net acqisition of financial assets 2542.4 2348.8 3015.4 1099.6 1108.6 1903.0 1768.9 2358.2 2523.9 2300.9 10

 11 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 -3.3 -3.8 11

 12 Foreign deposits 11.9 -8.1 18.7 -43.4 -0.3 13.6 -15.7 -7.3 45.0 -13.1 12

 13 Checkable deposits and currency 51.5 -79.7 8.7 443.0 32.0 270.3 114.8 188.2 286.6 290.0 13

 14 Time and savings deposits 557.2 571.2 477.0 146.4 289.1 220.2 404.5 477.5 274.7 452.5 14

 15 Money market fund shares 113.5 306.5 387.0 416.1 -329.9 -323.3 -53.6 66.9 71.2 -16.8 15

 16 Security repurchase agreements 13.6 7.0 -1.2 -13.3 -2.6 3.5 -4.3 2.7 2.5 10.5 16

 17 Debt securities 257.1 24.5 563.2 502.3 202.8 -47.5 -390.3 -224.1 -676.0 -460.0 17

 18 Open market paper 30.3 29.7 -65.6 -136.0 -22.8 23.8 -14.0 -15.6 -33.6 -14.1 18

 19 Treasury securities 11.1 -49.4 36.7 81.5 527.2 332.2 -268.4 240.4 -156.9 15.1 19

 20 Agency- and GSE-backed securities 192.4 16.0 383.9 272.4 -512.9 -30.6 -93.4 -103.6 -80.0 -213.4 20

 21 Municipal securities 79.4 33.5 40.2 44.3 109.2 42.4 -66.9 -143.6 -56.6 -75.1 21

 22 Corporate and foreign bonds -56.0 -5.3 168.0 240.0 102.1 -415.3 52.4 -201.7 -348.8 -172.6 22

 23 Loans 17.7 73.6 236.7 -138.2 119.9 147.1 127.0 153.6 176.9 172.6 23

 24 Other loans and advances -18.3 78.1 222.6 -161.3 25.2 26.5 2.8 41.9 70.7 54.4 24

 25 Mortgages 31.9 -6.9 -2.8 -0.9 16.3 0.4 -2.3 -13.1 3.6 19.6 25

 26 Consumer credit 4.1 2.4 16.9 24.0 78.4 120.2 126.5 124.8 102.6 98.7 26

 27 Corporate equities -403.9 -589.7 -1040.7 -57.4 -19.6 -166.0 -242.6 -213.5 156.8 55.1 27

 28 Mutual fund shares 201.4 210.0 281.3 83.0 301.7 178.9 244.2 470.8 515.2 421.5 28

 29 Trade receivables 370.8 26.5 226.3 -182.4 -81.5 146.3 155.1 64.6 306.6 149.5 29

 30 Life insurance reserves 15.1 57.8 18.6 59.9 24.6 6.2 73.5 -26.6 19.2 45.3 30

 31 Pension entitlements 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 532.3 31

 32 Taxes payable 40.3 5.6 -32.4 -57.0 30.1 28.1 27.9 30.4 30.8 -13.8 32

 33 Equity in noncorporate business -52.8 -5.5 -46.7 -306.1 -107.6 167.2 171.5 140.5 76.5 39.1 33

 34 U.S. direct investment abroad 24.7 219.2 307.0 262.6 269.7 303.3 403.9 319.2 305.0 311.0 34

 35 Miscellaneous assets 740.2 930.9 1015.5 -485.4 -164.4 302.5 197.3 329.7 406.4 329.0 35

 36 Net increase in liabilities 3315.8 3231.8 3477.9 2094.1 1667.6 2558.2 2539.8 3177.4 2516.3 2691.5 36

 37 U.S. official reserve assets 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 37

 38 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 38

 39 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 39

 40 Debt securities 495.9 486.3 637.0 1519.0 1803.6 1949.7 1280.9 1512.7 1107.6 1020.1 40

 41 Open market paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 14.2 37.9 41

 42 Treasury securities 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 42

 43 Agency- and GSE-backed securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 -0.4 -0.1 43

 44 Municipal securities 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 -43.2 -18.8 44

 45 Corporate and foreign bonds -41.3 74.6 119.9 116.5 215.5 179.6 161.6 323.0 279.3 265.1 45

 46 Loans 1746.2 1898.3 1842.4 373.4 -600.0 -403.3 31.9 412.9 505.4 822.8 46

 47 Depository institution loans n.e.c. 131.1 181.6 228.0 188.4 -307.7 -53.7 70.7 276.9 126.1 277.2 47

 48 Other loans and advances 85.6 209.7 338.5 -73.4 -126.6 -7.2 24.3 42.2 97.1 125.0 48

 49 Mortgages 1429.1 1386.6 1124.6 223.5 -62.2 -317.1 -171.6 -75.7 106.2 207.5 49

 50 Consumer credit 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 213.1 50

 51 Corporate equities -300.2 -496.9 -706.3 -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 -387.5 51

 52 Trade payables 327.3 177.5 191.8 -136.1 -41.6 200.9 128.4 133.9 185.3 181.7 52

 53 Life insurance reserves 1.1 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 0.8 53

 54 Taxes payable 6.9 8.2 -45.8 9.8 -9.5 6.4 9.4 9.9 -5.5 6.3 54

 55 Equity in noncorporate business -51.6 1.3 -50.3 -317.7 -108.2 166.4 174.4 133.7 82.1 37.1 55

 56 Foreign direct investment in U.S. 98.8 191.1 211.9 189.4 104.8 157.4 192.7 188.7 185.5 98.0 56

 57 Miscellaneous liabilities 990.6 963.9 1396.3 771.6 518.4 731.0 1175.4 1130.2 809.0 912.6 57

 58 Discrepancy 70.5 268.6 -187.6 368.8 -77.1 -53.8 176.0 455.7 -189.8 160.7 58

(1) Sum of domestic nonfinancial sectors shown on tables F.101 through F.107.
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Historical Annuals, 2005-2014, September 18, 2015 9

F.101 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Personal income 10614.0 11393.9 12000.2 12502.2 12094.8 12477.1 13254.5 13915.1 14068.4 14694.2 1

 2 - Personal current taxes 1213.2 1357.1 1493.2 1507.8 1152.3 1239.3 1453.2 1511.4 1672.8 1780.2 2

 3 = Disposable personal income 9400.8 10036.9 10507.0 10994.4 10942.5 11237.9 11801.4 12403.7 12395.6 12913.9 3

 4 - Personal outlays 9157.7 9705.5 10197.2 10457.7 10275.1 10607.9 11091.2 11457.0 11805.7 12293.7 4

 5 = Personal saving, NIPA (2) 243.1 331.4 309.8 536.7 667.4 630.0 710.1 946.7 589.9 620.2 5

 6 + Government insurance and pension reserves (3) -0.8 -1.8 -1.1 -2.2 -1.2 -3.2 -2.4 -2.5 -2.2 -2.0 6

 7 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 4.6 5.2 5.1 7

 8 + Net investment in consumer durables 252.4 239.6 231.1 134.6 50.3 86.9 119.0 167.1 181.5 202.2 8

 9 + Consumption of fixed capital 1159.2 1233.8 1289.2 1320.5 1319.5 1314.0 1336.5 1367.0 1412.5 1458.1 9

 10 - Net capital transfers paid (4) -21.9 16.6 6.8 7.7 -28.4 -20.6 2.0 -5.1 19.8 9.3 10

 11 = Gross saving less net capital transfers paid 1671.1 1781.9 1817.5 1977.1 2059.4 2043.3 2156.8 2478.8 2156.7 2264.1 11

 12 Gross investment 1627.3 1588.4 2094.9 2744.4 2010.8 2311.0 2826.8 2695.0 2613.3 2525.4 12

 13 Capital expenditures 1908.1 1930.2 1834.7 1613.6 1429.3 1448.9 1501.3 1627.0 1717.1 1793.4 13

 14 Consumer durable goods 1052.2 1080.2 1109.8 1044.2 970.8 1005.0 1057.2 1129.5 1166.9 1205.6 14

 15 Residential 738.9 722.7 582.3 425.3 321.1 318.3 321.1 367.9 424.6 456.6 15

 16 Nonprofit nonresidential 126.1 137.4 153.9 155.1 147.1 134.1 130.8 137.4 133.7 139.7 16

 17 Nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -7.8 -7.9 -8.2 -8.4 17

 18 Net lending (+) or net borrowing (-) -280.8 -341.8 260.2 1130.8 581.6 862.1 1325.5 1068.0 896.2 731.9 18

 19 Net acquisition of financial assets 878.3 933.3 1222.4 1140.8 658.0 756.5 1255.4 1333.6 1140.2 1149.8 19

 20 Foreign deposits 2.1 6.1 17.8 -17.8 -7.2 4.5 -9.9 -7.9 2.3 -6.4 20

 21 Checkable deposits and currency -113.9 -40.0 -75.3 176.8 101.0 38.9 300.3 177.0 120.7 107.6 21

 22 Time and savings deposits 481.5 486.5 483.6 261.0 105.9 162.8 369.3 411.9 205.5 408.0 22

 23 Money market fund shares 44.9 218.6 239.7 234.3 -267.7 -183.2 -21.1 0.3 25.5 -33.6 23

 24 Debt securities 56.6 -88.3 485.7 576.8 83.0 -75.4 -202.1 -218.3 -614.5 -464.4 24

 25 Open market paper 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.6 -3.8 -0.1 25

 26 Treasury securities -119.9 -101.9 -36.9 144.4 534.9 316.3 -229.7 190.9 -151.1 -19.8 26

 27 Agency- and GSE-backed securities 151.3 -21.9 341.3 240.3 -672.5 -10.0 40.4 -57.8 -53.7 -200.1 27

 28 Municipal securities 77.8 34.7 38.0 47.3 107.0 43.6 -65.8 -144.7 -55.8 -67.2 28

 29 Corporate and foreign bonds -67.3 -18.2 153.5 246.1 97.0 -423.8 54.7 -206.0 -350.1 -177.2 29

 30 Loans -0.9 70.8 220.4 -159.2 -47.6 1.6 -5.0 12.8 51.2 54.1 30

 31 Other loans and advances (5) -9.0 77.6 224.9 -167.4 -41.0 22.9 -1.9 39.5 63.5 51.8 31

 32 Mortgages 8.1 -17.1 -12.9 1.1 -0.9 -10.9 0.9 -17.9 -6.0 8.0 32

 33 Consumer credit (student loans) 0.0 10.4 8.4 7.1 -5.8 -10.4 -3.9 -8.8 -6.3 -5.7 33

 34 Corporate equities (6) -408.1 -594.5 -1045.7 -305.6 -18.6 -190.3 -279.5 -202.7 160.8 54.4 34

 35 Mutual fund shares 197.3 182.4 281.7 100.2 264.5 164.7 257.3 471.3 513.8 404.8 35

 36 Life insurance reserves 15.1 57.8 18.6 59.9 24.6 6.2 73.5 -26.6 19.2 45.3 36

 37 Pension entitlements (7) 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 532.3 37

 38 Equity in noncorporate business -52.8 -5.5 -46.7 -306.1 -107.6 167.2 171.5 140.5 76.5 39.1 38

 39 Miscellaneous assets 58.0 37.4 46.0 55.1 34.9 8.3 61.6 -6.1 49.3 8.5 39

 40 Net increase in liabilities 1159.2 1275.1 962.3 10.0 76.5 -105.7 -70.1 265.5 244.0 417.8 40

 41 Debt securities (municipal securities) 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 -13.1 -4.8 41

 42 Loans 1130.0 1244.6 925.5 -24.7 34.0 -76.7 -63.2 275.4 253.2 418.2 42

 43 Home mortgages (8) 1053.0 997.6 733.5 93.3 66.8 -182.2 -73.1 -68.7 4.8 44.5 43

 44 Consumer credit 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 213.1 44

 45 Depository institution loans n.e.c. (9) 0.3 44.2 -9.1 4.6 28.3 50.1 -54.9 110.8 30.0 120.2 45

 46 Other loans and advances -31.5 64.4 36.6 -154.5 38.7 77.6 -37.4 66.1 37.4 33.2 46

 47 Commercial mortgages 7.8 17.9 13.3 -3.0 3.8 3.0 -6.3 -2.3 5.0 7.3 47

 48 Trade payables 13.0 13.6 14.6 22.2 41.4 -29.4 1.2 4.0 1.0 3.1 48

 49 Deferred and unpaid life insurance premiums 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 49

 50 Discrepancy 43.8 193.5 -277.4 -767.3 48.5 -267.7 -670.0 -216.2 -456.5 -261.3 50

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary tables (tables F.101.a and L.101.a) show estimates of annual flows and year-end

 outstandings of nonprofit organizations.

(2) See table F.6 for derivation of alternative measures of personal saving.

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

(4) Table F.5, line 63.

(5) Includes cash accounts at brokers and dealers and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance reserves (line 36), and pension entitlements (line 37).

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

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

(9) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.109, line 21.
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10 Historical Annuals, 2005-2014, September 18, 2015

F.102 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Income before taxes 2063.9 2317.0 2165.7 2021.7 1842.4 2206.6 2311.0 2652.7 2777.8 2890.5 1

 2 Gross saving less net capital transfers paid 1570.4 1603.8 1606.9 1661.7 1706.4 1951.3 1995.1 2034.3 2170.7 2205.6 2

 3 Gross investment 1405.8 1439.1 1440.6 680.9 1841.9 1655.2 1200.9 1300.1 1888.3 1718.5 3

 4 Capital expenditures 1480.7 1642.0 1705.8 1665.7 1248.7 1480.6 1613.5 1809.8 1886.8 2034.9 4

 5 Fixed investment 1420.1 1561.4 1670.9 1680.1 1390.0 1420.1 1572.3 1747.2 1814.0 1956.6 5

 6 Residential 114.7 111.1 115.7 90.5 70.5 58.8 58.4 69.0 69.5 85.2 6

 7 Nonresidential 1305.4 1450.3 1555.3 1589.6 1319.5 1361.4 1513.9 1678.2 1744.5 1871.4 7

 8 Change in inventories 59.6 67.0 34.5 -32.0 -147.6 61.5 41.8 61.8 71.8 77.1 8

 9 Nonproduced nonfinancial assets 1.0 13.6 0.4 17.6 6.3 -1.1 -0.5 0.8 1.0 1.2 9

 10 Net lending (+) or net borrowing (-) -74.9 -202.9 -265.2 -984.8 593.3 174.7 -412.6 -509.7 1.5 -316.5 10

 11 Net acquisition of financial assets 1381.8 1220.0 1552.2 -511.5 182.7 784.7 693.6 807.5 1149.2 903.9 11

 12 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 0.6 42.7 -6.7 12

 13 Checkable deposits and currency 137.5 -42.5 59.3 -55.2 85.6 76.8 55.5 13.7 89.0 106.0 13

 14 Time and savings deposits 73.4 66.9 -40.7 -130.7 172.1 62.8 19.2 43.4 51.8 36.7 14

 15 Money market fund shares 55.1 72.2 129.4 179.6 -73.1 -154.6 -34.6 60.1 42.0 10.1 15

 16 Security repurchase agreements 8.1 1.0 -7.5 -0.9 0.7 4.3 0.4 -2.9 -0.9 4.7 16

 17 Debt securities 46.5 0.3 -59.2 -33.6 10.8 18.0 -7.4 -8.2 -20.3 -14.5 17

 18 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -8.4 -21.3 -6.6 18

 19 Treasury securities 24.1 -6.5 -4.1 -15.4 6.8 7.0 -4.2 0.5 4.9 -2.1 19

 20 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -1.2 -2.9 2.4 20

 21 Municipal securities 0.4 -2.7 0.6 -3.4 1.1 -2.6 -1.4 0.8 -1.0 -8.3 21

 22 Loans 7.4 -19.6 -9.5 -13.2 -9.1 0.1 -4.4 -2.8 -1.4 2.2 22

 23 Mortgages 7.0 -10.0 -11.0 -10.7 -5.3 2.6 -6.4 -4.3 2.8 3.5 23

 24 Consumer credit 0.4 -9.6 1.5 -2.5 -3.8 -2.5 2.0 1.5 -4.2 -1.3 24

 25 Mutual fund shares 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.7 1.0 15.4 25

 26 Trade receivables 344.2 29.3 217.3 -171.2 -55.8 133.9 144.7 56.6 294.5 138.8 26

 27 U.S. direct investment abroad 24.7 219.2 307.0 262.6 269.7 303.3 403.9 319.2 305.0 311.0 27

 28 Miscellaneous assets 674.4 883.8 960.1 -507.0 -260.4 319.8 134.9 329.5 345.8 300.4 28

 29 Net increase in liabilities 1456.7 1422.9 1817.4 473.3 -410.6 610.0 1106.2 1317.2 1147.7 1220.4 29

 30 Debt securities -7.1 150.4 199.5 190.2 179.6 237.3 203.6 352.3 302.8 303.0 30

 31 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 14.2 37.9 31

 32 Municipal securities 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 9.3 -0.1 32

 33 Corporate bonds -41.3 74.6 119.9 116.5 215.5 179.6 161.6 323.0 279.3 265.1 33

 34 Loans 615.6 653.1 916.2 397.2 -634.9 -327.5 94.2 137.0 251.7 404.1 34

 35 Depository institution loans n.e.c. 130.8 137.3 237.1 183.7 -336.0 -103.8 125.6 166.1 96.1 157.0 35

 36 Other loans and advances 116.5 144.7 301.2 80.2 -166.1 -85.7 60.8 -24.3 59.1 91.4 36

 37 Mortgages 368.3 371.1 377.9 133.2 -132.7 -137.9 -92.2 -4.7 96.4 155.7 37

 38 Corporate equities -300.2 -496.9 -706.3 -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 -387.5 38

 39 Trade payables 248.7 123.4 111.1 -219.4 -65.8 186.6 80.0 78.4 126.6 121.4 39

 40 Taxes payable 6.9 8.2 -45.8 9.8 -9.5 6.4 9.4 9.9 -5.5 6.3 40

 41 Foreign direct investment in U.S. 98.8 191.1 211.9 189.4 104.8 157.4 192.7 188.7 185.5 98.0 41

 42 Miscellaneous liabilities 845.7 792.2 1181.1 539.4 174.5 434.1 806.6 762.0 557.4 638.1 42

 43 Proprietors’ net investment -51.6 1.3 -50.3 -317.7 -108.2 166.4 174.4 133.7 82.1 37.1 43

 44 Discrepancy 164.6 164.8 166.3 980.8 -135.6 296.1 794.2 734.2 282.4 487.2 44

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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Historical Annuals, 2005-2014, September 18, 2015 11

F.103 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Profits before tax (book) 1004.6 1180.1 1093.5 880.3 752.5 1039.2 1008.9 1241.4 1323.2 1366.1 1

 2 - Taxes on corporate income 271.9 307.7 293.8 227.4 177.8 220.6 228.8 266.7 284.6 316.2 2

 3 - Net dividends 170.8 471.1 484.6 474.2 351.4 375.5 441.0 517.9 525.2 573.8 3

 4 + Capital consumption allowance (1) 807.9 848.8 901.4 1063.8 1049.3 1077.3 1236.1 1107.0 1141.7 1192.2 4

 5 = U.S. internal funds, book 1369.8 1250.1 1216.6 1242.5 1272.6 1520.4 1575.2 1563.8 1655.1 1668.3 5

 6 + Foreign earnings retained abroad -17.8 148.7 175.5 183.8 192.7 218.2 215.1 189.8 222.1 236.1 6

 7 + Inventory valuation adjustment (IVA) -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -68.3 -14.2 3.2 -2.9 7

 8 - Net capital transfers paid (2) -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -17.0 -5.7 -6.7 8

 9 = Total internal funds + IVA 1335.4 1363.1 1352.5 1393.1 1433.7 1676.7 1728.5 1756.4 1886.1 1908.2 9

 10 Gross investment 1170.8 1198.3 1186.2 412.3 1569.2 1380.6 934.3 1022.2 1603.8 1421.0 10

 11 Capital expenditures 1191.7 1337.3 1394.4 1360.0 1020.8 1235.4 1331.9 1501.2 1539.4 1667.3 11

 12 Fixed investment (3) 1138.2 1262.0 1362.8 1372.1 1145.3 1178.6 1297.4 1434.7 1483.2 1602.9 12

 13 Inventory change + IVA 52.5 61.7 31.2 -29.7 -130.8 57.9 34.9 65.8 55.2 63.2 13

 14 Nonproduced nonfinancial assets 1.0 13.6 0.4 17.6 6.3 -1.1 -0.5 0.8 1.0 1.2 14

 15 Net lending (+) or net borrowing (-) -20.9 -139.0 -208.2 -947.7 548.5 145.2 -397.5 -479.0 64.3 -246.3 15

 16 Net acquisition of financial assets 944.5 700.1 1072.8 -608.8 299.8 632.7 496.8 506.3 1069.0 672.7 16

 17 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 0.6 42.7 -6.7 17

 18 Checkable deposits and currency 60.8 -117.2 -7.6 -59.0 70.8 79.6 30.8 -45.5 85.5 71.1 18

 19 Time and savings deposits 49.9 46.6 -55.7 -129.4 176.9 59.9 13.2 33.3 41.0 10.5 19

 20 Money market fund shares 52.7 69.1 127.2 178.5 -71.4 -157.7 -35.4 57.1 39.7 6.0 20

 21 Security repurchase agreements 8.1 1.0 -7.5 -0.9 0.7 4.3 0.4 -2.9 -0.9 4.7 21

 22 Debt securities 40.4 -1.2 -61.7 -25.7 16.3 15.6 -8.5 -12.5 -22.0 -17.5 22

 23 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -8.4 -21.3 -6.6 23

 24 Treasury securities 18.1 -6.7 -7.1 -7.9 12.5 5.1 -5.1 -3.5 3.3 -4.7 24

 25 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -1.2 -2.9 2.4 25

 26 Municipal securities 0.3 -4.0 1.1 -3.0 0.9 -3.2 -1.6 0.6 -1.1 -8.6 26

 27 Loans 2.0 -18.0 -16.9 -10.2 -7.9 -4.1 1.4 -0.4 -2.4 0.5 27

 28 Mortgages 1.7 -8.4 -18.4 -7.7 -4.1 -1.6 -0.6 -1.9 1.8 1.8 28

 29 Consumer credit 0.4 -9.6 1.5 -2.5 -3.8 -2.5 2.0 1.5 -4.2 -1.3 29

 30 Mutual fund shares 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.7 1.0 15.4 30

 31 Trade receivables 277.6 -10.7 162.6 -168.2 -29.5 96.9 83.7 52.0 277.2 108.8 31

 32 U.S. direct investment abroad (4) 24.7 219.2 307.0 262.6 269.7 303.3 403.9 319.2 305.0 311.0 32

 33 Miscellaneous assets 417.7 502.0 629.3 -614.5 -167.9 214.8 25.8 107.1 302.2 168.9 33

 34 Insurance receivables 21.2 7.6 8.3 10.9 -4.0 11.7 12.3 8.0 -5.8 10.0 34

 35 Equity in GSEs 0.0 0.1 0.1 -0.1 0.0 0.1 -0.0 0.0 0.0 0.1 35

 36 Investment in finance co. subs. 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 2.6 14.7 14.1 36

 37 Other 332.0 471.4 675.7 -624.3 -154.7 176.3 5.2 96.5 293.2 144.7 37

 38 Net increase in liabilities 965.4 839.1 1281.0 338.9 -248.7 487.6 894.3 985.3 1004.7 919.0 38

 39 Debt securities -7.1 150.4 199.5 190.2 179.6 237.3 203.6 352.3 302.8 303.0 39

 40 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 14.2 37.9 40

 41 Municipal securities (5) 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 9.3 -0.1 41

 42 Corporate bonds (4) -41.3 74.6 119.9 116.5 215.5 179.6 161.6 323.0 279.3 265.1 42

 43 Loans 273.8 237.7 453.0 71.7 -537.8 -308.0 91.0 11.8 129.5 186.2 43

 44 Depository institution loans n.e.c. -27.1 22.0 96.3 64.2 -234.0 -87.0 92.1 108.0 50.1 85.9 44

 45 Other loans and advances (6) 110.1 127.9 287.5 68.0 -160.8 -90.4 60.2 -33.5 53.1 82.0 45

 46 Mortgages 190.8 87.8 69.2 -60.4 -143.0 -130.6 -61.3 -62.7 26.3 18.3 46

 47 Corporate equities -300.2 -496.9 -706.3 -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 -387.5 47

 48 Trade payables 199.0 109.1 85.1 -225.2 -82.6 156.3 25.2 65.4 106.7 87.6 48

 49 Taxes payable -1.8 -0.8 -49.6 3.1 -3.3 7.2 8.8 2.3 -9.1 0.1 49

 50 Foreign direct investment in U.S. 98.7 192.0 212.1 189.6 104.6 157.0 192.7 188.3 184.9 97.1 50

 51 Miscellaneous liabilities 703.0 647.6 1087.2 425.1 141.9 488.5 827.6 710.2 642.7 632.6 51

 52 Pension fund contributions payable -1.9 -2.0 4.5 14.7 -8.6 15.4 3.0 -12.3 -2.5 -1.1 52

 53 Claims of pension fund on sponsor 93.0 148.4 -0.2 141.0 63.0 -32.1 -19.5 -11.6 110.9 54.4 53

 54 Other 611.9 501.2 1082.8 269.3 87.5 505.2 844.1 734.2 534.3 579.2 54

 55 Discrepancy 164.6 164.8 166.3 980.8 -135.6 296.1 794.2 734.2 282.4 487.2 55

 Memo:

 56 Financing gap (7) -145.9 122.9 217.4 154.4 -258.5 -244.0 -175.1 -48.4 -118.9 1.9 56

(1) Consumption of fixed capital plus capital consumption adjustment.

(2) Table F.5, line 58.

(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.

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

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

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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12 Historical Annuals, 2005-2014, September 18, 2015

F.104 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving = consumption of fixed capital 221.9 240.7 254.3 265.3 266.7 266.9 265.0 273.0 284.5 297.5 1

 2 Gross saving less net capital transfers paid (1) 235.0 240.7 254.3 268.6 272.7 274.7 266.6 277.9 284.5 297.5 2

 3 Gross investment 235.0 240.7 254.3 268.6 272.7 274.7 266.6 277.9 284.5 297.5 3

 4 Capital expenditures 289.0 304.6 311.4 305.7 227.9 245.1 281.7 308.6 347.4 367.6 4

 5 Fixed investment (2) 281.9 299.3 308.1 308.0 244.7 241.5 274.8 312.6 330.8 353.7 5

 6 Change in inventories 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 -4.0 16.6 13.9 6

 7 Net lending (+) or net borrowing (-) -54.0 -63.9 -57.0 -37.1 44.8 29.5 -15.1 -30.7 -62.8 -70.1 7

 8 Net acquisition of financial assets 437.3 519.9 479.5 97.3 -117.1 152.0 196.9 301.1 80.2 231.2 8

 9 Checkable deposits and currency 76.7 74.7 66.9 3.8 14.9 -2.7 24.6 59.3 3.5 34.9 9

 10 Time and savings deposits 23.5 20.3 14.9 -1.2 -4.8 2.9 6.0 10.1 10.8 26.2 10

 11 Money market mutual funds 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 3.0 2.3 4.0 11

 12 Debt securities 6.1 1.5 2.5 -7.9 -5.5 2.5 1.1 4.2 1.7 3.0 12

 13 Treasury securities 6.0 0.2 3.0 -7.5 -5.7 1.9 0.8 4.0 1.5 2.7 13

 14 Municipal securities 0.1 1.3 -0.5 -0.4 0.2 0.5 0.3 0.2 0.2 0.3 14

 15 Loans 5.3 -1.5 7.4 -3.0 -1.2 4.2 -5.8 -2.4 1.0 1.7 15

 16 Mortgages 5.3 -1.5 7.4 -3.0 -1.2 4.2 -5.8 -2.4 1.0 1.7 16

 17 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Trade receivables 66.6 40.0 54.7 -3.0 -26.3 37.0 61.0 4.6 17.3 30.0 18

 19 Miscellaneous assets 256.7 381.9 330.8 107.5 -92.5 105.0 109.1 222.4 43.6 131.4 19

 20 Insurance receivables 5.5 4.4 3.7 3.4 -9.8 29.9 -4.7 15.4 -25.3 12.4 20

 21 Equity investment in GSEs (3) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 0.1 0.6 0.8 21

 22 Other 251.2 377.2 326.4 102.9 -82.7 74.7 113.5 206.9 68.3 118.3 22

 23 Net increase in liabilities 491.3 583.8 536.5 134.4 -161.8 122.4 211.9 331.8 143.0 301.4 23

 24 Loans 341.8 415.4 463.2 325.5 -97.1 -19.4 3.2 125.2 122.1 217.9 24

 25 Depository institution loans n.e.c. 157.9 115.3 140.9 119.6 -102.0 -16.8 33.5 58.1 45.9 71.1 25

 26 Other loans and advances 6.4 16.8 13.7 12.3 -5.3 4.7 0.6 9.2 6.1 9.4 26

 27 Mortgages 177.5 283.3 308.7 193.7 10.2 -7.3 -30.9 58.0 70.1 137.4 27

 28 Trade payables 49.7 14.3 26.0 5.8 16.9 30.3 54.8 13.1 19.9 33.8 28

 29 Taxes payable 8.7 9.0 3.8 6.7 -6.3 -0.7 0.6 7.6 3.6 6.2 29

 30 Foreign direct investment in U.S. 0.1 -0.9 -0.2 -0.2 0.1 0.3 0.0 0.4 0.6 0.8 30

 31 Miscellaneous liabilities 142.7 144.6 93.9 114.3 32.6 -54.3 -21.0 51.8 -85.3 5.6 31

 32 Proprietors’ net investment -51.6 1.3 -50.3 -317.7 -108.2 166.4 174.4 133.7 82.1 37.1 32

(1) Net capital transfers paid from table F.5, line 59.

(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 16 respectively.

(3) Equity in the Farm Credit System.
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Historical Annuals, 2005-2014, September 18, 2015 13

F.105 General Government (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Current receipts, NIPA basis 4012.3 4348.6 4567.7 4488.6 4157.6 4441.8 4604.6 4756.2 5277.8 5490.3 1

 2 Personal current taxes 1213.2 1357.1 1493.2 1507.8 1152.3 1239.3 1453.2 1511.4 1672.8 1780.2 2

 3 Taxes on production and imports 934.5 991.9 1034.6 1041.9 1026.1 1057.1 1102.6 1132.1 1178.0 1213.7 3

 4 Taxes on corporate income 395.9 454.3 420.7 281.1 246.0 346.3 349.6 415.6 434.7 476.2 4

 5 Taxes from the rest of the world 12.1 14.6 15.3 18.8 14.8 15.7 16.7 18.1 19.3 21.7 5

 6 Contributions for govt. social insurance 878.0 927.2 966.1 993.1 969.4 989.0 922.2 956.2 1112.0 1164.1 6

 7 Income receipts on assets 115.8 136.1 151.3 139.6 136.3 137.2 135.6 128.0 237.5 150.5 7

 8 Current transfer receipts 469.1 476.8 503.0 527.5 633.3 680.1 649.2 614.1 642.3 702.1 8

 9 Current surplus of government enterprises -6.4 -9.3 -16.4 -21.2 -20.6 -22.9 -24.5 -19.3 -18.8 -18.3 9

 10 Current expenditures, NIPA basis 4383.6 4615.1 4906.1 5287.6 5678.4 6007.8 6064.7 6067.1 6105.8 6289.4 10

 11 Consumption expenditures 1980.0 2089.8 2209.7 2368.6 2442.1 2522.2 2530.9 2544.1 2522.0 2556.3 11

 12 Government social benefits 1502.3 1605.5 1710.8 1935.4 2124.9 2298.3 2327.3 2341.5 2404.3 2506.6 12

 13 Other current transfer payments 384.2 375.8 401.3 416.1 510.7 558.8 530.1 499.3 504.0 547.2 13

 14 Interest payments 456.2 492.4 529.8 515.0 542.4 572.7 616.4 624.0 616.2 621.4 14

 15 Subsidies 60.9 51.5 54.6 52.6 58.3 55.9 60.1 58.0 59.4 57.9 15

 16 Net saving, NIPA basis -371.3 -266.4 -338.4 -799.0 -1520.8 -1566.0 -1460.1 -1310.8 -828.0 -799.2 16

 17 + Consumption of fixed capital 346.7 371.0 399.4 426.5 442.7 458.1 479.6 496.2 506.2 516.8 17

 18 - Insurance and pension fund reserves (2) -0.8 -1.8 -1.1 -2.2 -1.2 -3.2 -2.4 -2.5 -2.2 -2.0 18

 19 - Net capital transfers (3) 10.0 -14.6 -6.4 -13.3 -3.4 8.1 7.6 6.1 -13.3 -12.2 19

 20 = Gross saving less net capital transfers -33.9 120.9 68.5 -357.1 -1073.4 -1112.8 -985.7 -818.2 -306.3 -268.1 20

 21 Gross investment 104.0 210.7 145.1 -512.4 -1083.4 -1030.6 -1037.6 -755.9 -290.6 -203.0 21

 22 Fixed investment 513.6 552.3 592.2 634.6 647.0 651.8 637.9 614.4 592.3 595.8 22

 23 Nonproduced nonfinancial assets 8.0 -3.4 10.3 -6.6 3.4 9.6 8.3 7.2 7.2 7.2 23

 24 Net lending (+) or net borrowing (-) -417.7 -338.3 -457.5 -1140.5 -1733.8 -1692.1 -1683.8 -1377.5 -890.1 -806.1 24

 25 Net acquisition of financial assets 282.3 195.5 240.7 470.4 267.9 361.8 -180.1 217.2 234.5 247.2 25

 26 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 -3.3 -3.8 26

 27 Checkable deposits and currency 27.9 2.8 24.8 321.3 -154.6 154.6 -241.0 -2.5 76.9 76.4 27

 28 Time and savings deposits 2.2 17.8 34.1 16.0 11.0 -5.4 15.9 22.2 17.4 7.8 28

 29 Money market fund shares 13.4 15.6 18.0 2.3 10.8 14.5 2.1 6.5 3.6 6.8 29

 30 Security repurchase agreements 5.5 6.0 6.3 -12.5 -3.3 -0.8 -4.7 5.6 3.4 5.9 30

 31 Debt securities 154.1 112.5 136.7 -40.9 108.9 9.9 -180.8 2.4 -41.2 18.9 31

 32 Open market paper -0.4 -1.0 -2.2 -22.4 -38.2 13.4 -12.2 -6.6 -8.5 -7.4 32

 33 Treasury securities 106.9 59.0 77.8 -47.5 -14.5 8.8 -34.4 49.1 -10.7 37.0 33

 34 Agency- and GSE-backed securities 35.0 40.1 44.9 34.7 155.5 -22.3 -132.1 -44.7 -23.4 -15.7 34

 35 Municipal securities 1.2 1.4 1.7 0.4 1.1 1.4 0.2 0.4 0.1 0.4 35

 36 Corporate and foreign bonds 11.3 13.0 14.5 -6.1 5.1 8.5 -2.3 4.3 1.3 4.5 36

 37 Loans 11.3 22.3 25.8 34.2 176.6 145.4 136.4 143.7 127.1 116.3 37

 38 Mortgages 16.8 20.2 21.1 8.7 22.5 8.6 3.2 9.1 6.8 8.0 38

 39 Consumer credit 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 113.1 105.7 39

 40 Other loans and advances -9.2 0.5 -2.3 6.1 66.2 3.6 4.8 2.4 7.2 2.5 40

 41 Corporate equities 4.3 4.7 5.0 248.2 -1.1 24.2 36.9 -10.8 -4.1 0.8 41

 42 Mutual fund shares 3.4 4.0 4.5 -0.8 2.0 3.0 -0.2 1.2 0.4 1.3 42

 43 Trade receivables 26.6 -2.7 9.0 -11.2 -25.7 12.4 10.4 8.0 12.1 10.7 43

 44 Taxes receivable 40.3 5.6 -32.4 -57.0 30.1 28.1 27.9 30.4 30.8 -13.8 44

 45 Miscellaneous assets 7.7 9.7 9.3 -33.5 61.1 -25.5 0.9 6.2 11.3 20.1 45

 46 Net increase in liabilities 700.0 533.8 698.2 1610.8 2001.7 2053.9 1503.7 1594.7 1124.6 1053.3 46

 47 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 47

 48 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 48

 49 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 49

 50 Debt securities 487.9 319.5 416.4 1319.6 1618.0 1714.6 1085.1 1174.9 817.9 721.9 50

 51 Treasury securities 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 51

 52 Municipal securities 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 -39.4 -14.0 52

 53 Loans 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 0.5 0.4 53

 54 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

 55 Other loans and advances 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 0.5 0.4 55

 56 Trade payables 65.6 40.5 66.1 61.2 -17.3 43.7 47.2 51.5 57.7 57.2 56

 57 Insurance reserves 1.1 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 0.8 57

 58 Miscellaneous liabilities 143.9 171.2 214.2 229.1 348.8 294.2 369.3 367.6 248.6 273.3 58

 59 Discrepancy -137.8 -89.8 -76.5 155.3 9.9 -82.2 51.8 -62.3 -15.7 -65.1 59

 Memo:

 60 Net acquisition of financial assets (consolidated) (4) 174.8 135.9 162.3 517.0 281.6 352.1 -146.5 167.7 244.7 209.8 60

 61 Net increase in liabilities (consolidated) (4) 592.5 474.2 619.8 1657.5 2015.4 2044.2 1537.3 1545.2 1134.7 1015.9 61

(1) Sum of the federal government and state and local governments sectors.

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

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

(3) Table F.5, line 60 less line 12.

(4) Excludes Treasury securities held by state and local governments (line 33) and federal government loans to state and local governments (line 55).
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14 Historical Annuals, 2005-2014, September 18, 2015

F.106 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Current receipts, NIPA basis 2303.5 2537.7 2667.2 2579.5 2238.4 2443.3 2574.1 2699.1 3141.3 3265.2 1

 2 Personal current taxes 936.8 1054.6 1169.7 1174.3 864.5 941.6 1129.1 1164.7 1300.6 1396.9 2

 3 Taxes on production and imports 99.4 99.2 94.6 94.0 91.4 96.8 108.6 115.1 125.8 137.8 3

 4 Taxes on corporate income 341.0 395.0 362.8 233.7 200.4 298.7 299.4 363.1 379.2 417.9 4

 5 Taxes from the rest of the world 12.1 14.6 15.3 18.8 14.8 15.7 16.7 18.1 19.3 21.7 5

 6 Contributions for govt. social insurance 853.4 905.7 947.2 974.4 950.8 970.9 904.0 938.1 1093.4 1145.2 6

 7 Income receipts on assets 27.2 29.0 33.4 33.9 48.5 54.6 56.4 52.6 163.2 74.8 7

 8 Current transfer receipts 32.7 37.9 42.0 49.7 67.2 68.1 67.1 56.1 71.1 80.6 8

 9 Current surplus of government enterprises 0.9 1.8 2.0 0.8 0.7 -3.1 -7.1 -8.9 -11.3 -9.7 9

 10 Current expenditures, NIPA basis 2608.2 2764.8 2932.8 3213.5 3487.2 3772.0 3818.3 3789.1 3782.2 3896.7 10

 11 Consumption expenditures 723.4 763.9 798.4 879.8 933.7 1003.9 1006.1 1007.8 961.3 955.3 11

 12 Government social benefits 1095.6 1201.6 1277.5 1480.0 1632.2 1774.4 1796.9 1801.5 1842.0 1896.8 12

 13 Other current transfer payments 384.2 375.8 401.3 416.1 510.7 558.8 530.1 499.3 504.0 547.2 13

 14 Interest payments 344.4 372.3 408.2 388.0 353.6 380.6 425.7 422.9 416.1 440.1 14

 15 Subsidies 60.5 51.1 47.5 49.6 56.9 54.3 59.5 57.6 58.9 57.4 15

 16 Net saving, NIPA basis -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 -631.5 16

 17 + Consumption of fixed capital 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 270.7 17

 18 - Insurance and pension reserves (1) -0.8 -1.8 -1.1 -2.2 -1.2 -3.2 -2.4 -2.5 -2.2 -2.0 18

 19 - Net capital transfers paid (2) 60.3 43.2 53.0 49.9 64.4 84.8 81.5 80.2 58.1 58.8 19

 20 = Gross saving less net capital transfers paid -174.9 -67.8 -104.7 -455.4 -1077.4 -1165.0 -1065.8 -903.5 -429.1 -417.5 20

 21 Gross investment -201.9 -86.7 -122.8 -533.7 -1023.1 -1115.9 -1055.9 -840.5 -392.6 -368.9 21

 22 Fixed investment 222.9 238.0 251.4 275.8 284.0 300.0 297.4 284.7 269.4 264.6 22

 23 Nonproduced nonfinancial assets -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -2.0 -2.4 -2.7 23

 24 Net lending (+) or net borrowing (-) -422.8 -310.4 -370.8 -789.1 -1298.2 -1414.9 -1352.4 -1123.2 -659.5 -630.8 24

 25 Net acquisition of financial assets 30.8 -14.4 0.6 579.8 237.8 281.9 -150.7 126.5 221.5 160.2 25

 26 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 -3.3 -3.8 26

 27 Checkable deposits and currency 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 69.6 60.8 27

 28 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 -0.5 0.2 28

 29 Debt securities 0.0 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 -0.1 -0.0 29

 30 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 0.0 0.0 30

 31 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 -0.1 -0.0 31

 32 Loans -3.1 5.9 6.8 39.0 166.7 131.4 136.5 136.2 124.2 110.0 32

 33 Other loans and advances -9.2 0.5 -2.3 6.1 66.2 3.6 4.8 2.4 7.2 2.5 33

 34 Mortgages 2.4 3.7 2.1 13.5 12.6 -5.4 3.3 1.6 4.0 1.7 34

 35 Consumer credit (3) 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 113.1 105.7 35

 36 Corporate equities (4) 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 -4.8 -1.6 36

 37 Trade receivables 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 3.3 2.2 37

 38 Taxes receivable 26.0 -6.5 -35.3 -62.2 35.9 27.1 25.6 22.0 27.2 -19.9 38

 39 Miscellaneous assets 1.9 3.1 2.0 -28.0 35.2 -3.6 2.0 -1.0 5.9 12.5 39

 40 Net increase in liabilities 453.6 296.0 371.5 1369.0 1536.0 1696.7 1201.7 1249.7 881.0 791.0 40

 41 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 41

 42 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 42

 43 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 43

 44 Debt securities 346.9 219.1 270.4 1302.5 1505.8 1645.9 1138.7 1180.6 857.3 735.9 44

 45 Treasury securities (5) 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 45

 46 Marketable 223.1 154.5 196.1 1263.4 1475.6 1590.0 1083.4 1121.9 806.2 646.7 46

 47 Nonmarketable 124.2 65.0 74.6 38.9 30.0 55.3 54.2 59.1 51.4 89.4 47

 48 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 -0.4 -0.1 48

 49 Loans (multifamily residential mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

 50 Trade payables 33.7 6.2 29.3 22.6 -56.2 5.2 8.8 13.4 19.7 18.4 50

 51 Insurance reserves 1.1 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 0.8 51

 52 Miscellaneous liabilities 71.1 68.5 70.9 43.7 35.1 45.0 53.0 55.4 4.1 36.2 52

 53 Claims of pension fund on sponsor 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 22.8 53

 54 Other 28.1 23.6 23.2 26.2 19.5 24.9 32.1 5.0 13.4 13.4 54

 55 Discrepancy 27.0 19.0 18.1 78.3 -54.3 -49.1 -9.9 -63.0 -36.6 -48.6 55

 Memo:

 56 Change in cash balance (6) 4.6 -5.5 27.5 308.6 -173.2 148.9 -258.0 7.5 69.6 62.1 56

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

(2) Table F.5, line 61 less line 12.

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

 the government purchased from depository institutions and finance companies.

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

(5) Includes marketable and nonmarketable Treasury securities held by the public and Treasury securities held by federal government employee retirement funds.

(6) Time and savings deposits (line 28) plus checkable deposits and currency at the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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Historical Annuals, 2005-2014, September 18, 2015 15

F.107 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Current receipts, NIPA basis 1708.8 1810.9 1900.6 1909.1 1919.2 1998.5 2030.5 2057.2 2136.5 2225.0 1

 2 Personal current taxes 276.4 302.5 323.5 333.5 287.8 297.6 324.1 346.7 372.2 383.3 2

 3 Taxes on production and imports 835.1 892.7 940.0 947.9 934.8 960.4 994.0 1016.9 1052.2 1075.9 3

 4 Taxes on corporate income 54.9 59.2 57.9 47.4 45.6 47.7 50.2 52.5 55.5 58.3 4

 5 Contributions for govt. social insurance 24.6 21.5 18.9 18.7 18.6 18.1 18.2 18.0 18.6 18.9 5

 6 Income receipts on assets 88.6 107.2 117.9 105.7 87.8 82.6 79.2 75.4 74.3 75.7 6

 7 Current transfer receipts 436.4 438.9 460.9 477.8 566.1 612.0 582.1 558.0 571.2 621.5 7

 8 Current surplus of government enterprises -7.3 -11.1 -18.5 -22.0 -21.4 -19.8 -17.4 -10.4 -7.5 -8.6 8

 9 Current expenditures, NIPA basis 1775.4 1850.3 1973.3 2074.1 2191.2 2235.8 2246.4 2277.9 2323.6 2392.7 9

 10 Consumption expenditures 1256.6 1325.9 1411.4 1488.7 1508.4 1518.3 1524.8 1536.3 1560.7 1601.0 10

 11 Govt. social benefit payments to persons 406.6 403.9 433.3 455.4 492.6 523.8 530.4 540.0 562.3 609.9 11

 12 Other current transfer payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Interest payments 111.8 120.1 121.5 127.0 188.8 192.1 190.7 201.2 200.1 181.4 13

 14 Subsidies 0.4 0.4 7.1 3.0 1.4 1.6 0.5 0.5 0.5 0.5 14

 15 Net saving, NIPA basis -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -215.9 -220.8 -187.1 -167.7 15

 16 + Consumption of fixed capital 157.3 170.3 186.6 200.2 208.2 212.7 222.2 231.9 238.5 246.1 16

 17 - Net capital transfers paid (2) -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.8 -74.2 -71.4 -71.0 17

 18 = Gross saving less net capital transfers paid 141.1 188.7 173.2 98.3 4.0 52.2 80.1 85.3 122.8 149.4 18

 19 Gross investment 305.9 297.4 267.8 21.3 -60.3 85.2 18.3 84.5 101.9 165.9 19

 20 Fixed investment 290.8 314.3 340.8 358.8 363.0 351.9 340.5 329.7 322.9 331.3 20

 21 Nonproduced nonfinancial assets 10.0 11.0 13.6 13.8 12.3 10.6 9.2 9.1 9.6 9.9 21

 22 Net lending (+) or net borrowing (-) 5.2 -27.9 -86.6 -351.3 -435.6 -277.2 -331.4 -254.4 -230.6 -175.3 22

 23 Net acquisition of financial assets 251.6 209.9 240.1 -109.4 30.1 80.0 -29.4 90.6 13.0 87.0 23

 24 Checkable deposits and currency 15.8 5.5 -0.4 8.2 19.6 5.7 16.6 -9.2 7.3 15.6 24

 25 Time and savings deposits 3.2 17.6 32.9 17.3 10.7 -5.5 16.2 22.1 17.9 7.6 25

 26 Money market fund shares 13.4 15.6 18.0 2.3 10.8 14.5 2.1 6.5 3.6 6.8 26

 27 Security repurchase agreements 5.5 6.0 6.3 -12.5 -3.3 -0.8 -4.7 5.6 3.4 5.9 27

 28 Debt securities 154.1 112.5 136.7 -95.4 -33.6 56.8 -62.6 33.7 -41.1 18.9 28

 29 Open market paper -0.4 -1.0 -2.2 -22.4 -38.2 13.4 -12.2 -6.6 -8.5 -7.4 29

 30 Treasury securities 106.9 59.0 77.8 -47.5 -14.5 8.8 -34.4 49.1 -10.7 37.0 30

 31 Agency- and GSE-backed securities 35.0 40.1 44.9 -19.8 13.5 24.9 -14.0 -13.6 -23.4 -15.7 31

 32 Municipal securities 1.2 1.4 1.7 0.4 1.1 1.4 0.2 0.4 0.1 0.4 32

 33 Corporate and foreign bonds 11.3 13.0 14.5 -6.1 4.5 8.2 -2.2 4.5 1.4 4.6 33

 34 Loans (mortgages) 14.4 16.5 19.0 -4.8 9.9 14.0 -0.1 7.5 2.9 6.3 34

 35 Corporate equities 4.3 4.7 5.0 -8.1 -1.6 0.2 -3.4 2.4 0.8 2.4 35

 36 Mutual fund shares 3.4 4.0 4.5 -0.8 2.0 3.0 -0.2 1.2 0.4 1.3 36

 37 Trade receivables 17.4 8.9 7.8 -15.4 -4.6 13.1 5.6 5.3 8.9 8.5 37

 38 Taxes receivable 14.3 12.1 3.0 5.2 -5.8 1.0 2.3 8.4 3.6 6.2 38

 39 Miscellaneous assets 5.8 6.6 7.3 -5.6 25.9 -22.0 -1.1 7.2 5.4 7.6 39

 40 Net increase in liabilities 246.4 237.8 326.7 241.9 465.7 357.1 302.0 345.0 243.5 262.2 40

 41 Debt securities (municipal securities) 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 -39.4 -14.0 41

 42 Short-term (3) -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 3.8 -10.9 -6.7 42

 43 Long-term 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 -9.4 -28.6 -7.4 43

 44 Loans (U.S. government loans) 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 0.5 0.4 44

 45 Trade payables 31.9 34.3 36.7 38.6 38.9 38.5 38.4 38.1 38.0 38.8 45

 46 Claims of pension fund on sponsor (4) 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 237.1 46

 47 Discrepancy -164.9 -108.7 -94.6 77.0 64.3 -33.1 61.8 0.8 20.9 -16.5 47

(1) Data for state and local government employee retirement funds are shown in table F.120.

(2) Table F.5, line 62.

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

(4) Included in miscellaneous liabilities.
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16 Historical Annuals, 2005-2014, September 18, 2015

F.108 Domestic Financial Sectors (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving less net capital transfers paid 191.3 215.1 112.1 31.4 340.9 375.1 319.6 297.8 179.0 265.3 1

 2 Gross investment 513.1 435.3 327.6 96.2 168.8 168.1 244.7 266.7 394.4 261.7 2

 3 Capital expenditures 182.4 192.2 202.2 196.3 167.5 166.8 173.9 197.4 220.9 230.0 3

 4 Fixed residential investment 2.5 3.5 -9.3 0.1 0.7 4.0 6.5 5.3 14.7 7.4 4

 5 Fixed nonresidential investment 180.0 188.7 211.5 196.2 166.9 162.8 167.5 192.1 206.1 222.6 5

 6 Net lending (+) or net borrowing (-) 330.7 243.1 125.4 -100.0 1.2 1.3 70.7 69.3 173.6 31.6 6

 7 Net acqisition of financial assets 3763.5 4615.0 5464.8 3767.7 -1213.0 82.2 2229.0 1836.7 3576.9 3087.6 7

 8 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 0.2 0.2 0.2 8

 9 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 9

 10 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 0.6 0.7 0.8 10

 11 Foreign deposits 7.7 -10.0 34.4 -14.6 11.6 8.7 -62.9 0.4 -9.6 -9.6 11

 12 Net interbank assets 3.5 0.1 54.2 1351.5 -349.5 -106.9 603.0 -64.1 760.1 131.5 12

 13 Checkable deposits and currency -57.0 51.4 32.4 66.7 -30.4 -32.4 37.2 9.9 -4.1 -19.5 13

 14 Time and savings deposits 32.1 30.9 95.1 122.5 127.9 -109.5 -47.7 4.9 82.0 13.7 14

 15 Money market fund shares 11.6 -7.4 330.8 284.4 -175.9 -172.8 -63.8 -82.4 -53.5 21.1 15

 16 Federal funds and security repos 287.4 180.8 565.2 -498.0 -495.5 270.7 114.6 265.4 -379.7 45.9 16

 17 Debt securities 634.9 1090.4 975.8 842.0 720.3 787.1 1268.5 1093.8 1546.7 1233.3 17

 18 Open market paper 194.0 232.6 -120.4 6.2 -390.6 -93.5 -75.0 -1.2 34.5 -14.8 18

 19 Treasury securities 91.1 118.5 68.7 509.2 424.0 572.7 1050.7 350.8 589.7 403.5 19

 20 Agency- and GSE-backed securities -252.1 94.8 282.0 728.5 679.0 50.9 114.2 154.5 403.2 369.0 20

 21 Municipal securities 115.7 131.2 184.6 42.2 38.4 44.2 13.5 139.2 9.1 51.9 21

 22 Corporate and foreign bonds 486.2 513.3 560.9 -444.1 -30.5 212.7 165.1 450.5 510.2 423.7 22

 23 Loans 1777.1 1932.6 2060.5 914.1 -1440.6 -682.5 -66.5 267.4 549.1 786.0 23

 24 Depository institution loans n.e.c. 171.1 198.1 341.5 687.2 -766.3 -86.0 177.6 176.9 196.5 320.0 24

 25 Other loans and advances 98.3 216.3 452.5 -15.2 -425.7 -134.5 -70.2 103.6 168.8 150.0 25

 26 Mortgages 1411.4 1400.1 1132.1 231.2 -66.7 -316.6 -155.8 -57.8 110.3 201.7 26

 27 Consumer credit 96.3 118.0 134.4 10.9 -182.0 -145.5 -17.9 44.7 73.4 114.4 27

 28 Corporate equities 285.2 171.4 417.7 212.5 155.3 58.1 -85.0 5.9 -4.1 111.6 28

 29 Mutual fund shares 53.2 104.1 67.5 -65.9 175.9 133.0 19.4 64.4 143.3 125.7 29

 30 Trade receivables -0.4 13.4 1.8 -14.9 -38.0 -8.6 -0.8 -1.6 -2.2 1.1 30

 31 Life insurance reserves 0.0 7.9 16.2 5.3 2.8 8.2 7.7 14.7 10.8 10.9 31

 32 U.S. direct investment abroad 11.5 25.8 107.0 66.4 40.7 -2.3 15.2 20.5 23.6 26.0 32

 33 Miscellaneous assets 716.2 1021.8 705.2 495.1 75.2 -69.9 489.8 236.8 913.7 608.7 33

 34 Net increase in liabilities 3432.8 4371.9 5339.4 3867.7 -1214.2 80.9 2158.3 1767.3 3403.3 3055.9 34

 35 Net interbank liabilities -6.2 4.7 -50.1 1751.8 -536.9 -142.8 820.5 -194.5 1129.1 115.0 35

 36 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 267.7 332.6 351.1 36

 37 Time and savings deposits 609.9 636.1 608.8 342.4 343.7 115.6 404.1 520.4 409.1 513.2 37

 38 Money market fund shares 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 28.9 9.6 38

 39 Federal funds and security repos 479.3 486.3 301.4 -1015.5 -431.0 213.4 184.3 208.6 -384.1 6.3 39

 40 Debt securities 1039.8 1320.1 1523.7 441.8 -956.6 -695.4 -327.4 -306.4 108.1 178.6 40

 41 Open market paper 214.2 196.4 -111.5 -125.4 -448.1 -102.2 -68.2 -58.8 -48.9 -36.6 41

 42 Agency- and GSE-backed securities 80.4 328.2 905.7 768.7 -60.1 -46.9 -21.9 -22.4 239.9 150.6 42

 43 Corporate and foreign bonds 745.2 795.5 729.5 -201.6 -448.5 -546.3 -237.4 -225.2 -82.9 64.6 43

 44 Loans 69.4 104.6 530.9 344.2 -750.3 -176.6 17.9 -80.1 175.9 154.5 44

 45 Depository institution loans n.e.c. 22.7 -0.4 84.1 483.7 -443.8 -56.2 63.6 -130.4 31.4 14.2 45

 46 Other loans and advances 32.6 98.4 442.2 -146.3 -318.3 -121.2 -59.2 45.4 136.8 126.6 46

 47 Mortgages 14.1 6.6 4.7 6.8 11.8 0.8 13.5 4.8 7.8 13.8 47

 48 Corporate equities 78.4 60.0 179.6 639.2 315.9 191.4 164.1 168.4 162.5 219.5 48

 49 Mutual fund shares 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 624.9 638.4 595.2 49

 50 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.8 -0.0 0.3 3.4 50

 51 Life insurance reserves 14.0 64.1 33.2 64.2 26.3 13.6 79.9 -12.2 29.8 55.5 51

 52 Pension entitlements 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 532.3 52

 53 Taxes payable -11.6 14.3 -23.5 -133.6 6.1 13.0 10.7 6.9 17.7 15.9 53

 54 Equity in noncorporate business -1.2 -6.8 3.6 11.6 0.6 0.9 -2.9 6.7 -5.6 2.0 54

 55 Foreign direct investment in U.S. 13.9 52.0 9.3 120.7 45.7 48.5 43.4 5.1 31.1 13.6 55

 56 Miscellaneous liabilities 151.8 409.5 493.5 -422.5 190.2 -233.0 -232.1 -36.6 199.6 290.2 56

 57 Discrepancy -321.8 -220.3 -215.5 -64.8 172.2 207.0 74.9 31.1 -215.5 3.6 57

(1) Sum of financial sectors shown on tables F.109 through F.131.
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Historical Annuals, 2005-2014, September 18, 2015 17

F.109 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 5.2 4.7 1.2 3.0 -0.7 -8.5 -0.2 -17.5 -0.9 5.7 1

 2 Fixed nonresidential investment 0.6 0.8 0.9 0.7 0.8 0.7 0.6 0.8 0.6 0.7 2

 3 Net acquisition of financial assets 37.4 29.6 42.7 1319.8 -4.5 185.5 493.6 9.7 1118.8 481.6 3

 4 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 0.2 0.2 0.2 4

 5 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 5

 6 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 0.6 0.7 0.8 6

 7 Federal Reserve float (2) -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 0.1 -0.5 0.4 7

 8 Interbank loans (2) 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 -0.1 0.0 0.1 8

 9 Discount window (3) 0.0 -0.0 48.6 495.4 -447.4 -96.4 -0.0 -0.1 0.0 0.1 9

 10 AMLF (4) 0.0 0.0 0.0 15.7 -15.7 0.0 0.0 0.0 0.0 0.0 10

 11 Security repurchase agreements 13.8 -6.0 5.8 33.5 -80.0 0.0 0.0 0.0 0.0 0.0 11

 12 Debt securities 26.4 34.7 -38.3 -245.0 1349.2 316.3 444.0 64.5 1086.6 480.7 12

 13 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Treasury securities 26.4 34.7 -38.3 -264.7 300.7 244.9 642.0 2.7 542.6 252.6 14

 15 Treasury bills 8.3 5.7 -49.2 -209.4 0.0 0.0 0.0 -18.4 0.0 0.0 15

 16 Other Treasury securities 18.1 29.0 10.9 -55.3 300.7 244.9 642.0 21.1 542.6 252.6 16

 17 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1048.5 71.4 -197.9 61.8 543.9 228.1 17

 18 Mortgage-backed securities 0.0 0.0 0.0 0.0 908.4 83.8 -154.5 89.0 563.5 246.7 18

 19 Other agency- and GSE-baked securities 0.0 0.0 0.0 19.7 140.2 -12.4 -43.5 -27.2 -19.6 -18.5 19

 20 Loans (depository institution loans n.e.c.) 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 -29.9 -0.5 -0.1 20

 21 Households (TALF) (5) 0.0 0.0 0.0 0.0 47.5 -22.8 -15.7 -8.5 -0.5 -0.1 21

 22 Brokers and dealers (6) 7.2 11.1 4.0 32.8 -53.3 6.2 31.0 -9.2 10.4 12.0 22

 23 Funding corporations (7) 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 -21.5 0.0 0.0 23

 24 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Corporate equities (8) 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 0.0 0.0 25

 26 Miscellaneous assets -3.2 0.1 25.4 530.7 -494.9 7.3 142.4 -25.6 32.3 -0.5 26

 27 Nonofficial foreign currencies (9) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 -8.6 1.3 27

 28 Other -3.2 0.1 1.4 0.9 48.5 17.5 42.7 65.3 40.9 -1.8 28

 29 Net increase in liabilities 36.1 27.2 39.6 1317.2 -9.1 184.6 493.2 9.3 1118.7 480.6 29

 30 Depository institution reserves -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 -71.2 758.0 128.9 30

 31 Vault cash of depository institutions 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 2.6 2.0 31

 32 Checkable deposits and currency 30.1 23.5 17.8 428.2 -117.6 185.0 -122.1 62.1 139.5 152.2 32

 33 Due to federal government -1.4 0.2 11.4 349.3 -173.8 149.0 -255.0 7.0 69.8 61.0 33

 34 Treasury cash holdings -0.1 0.1 0.0 0.0 -0.0 -0.1 -0.0 0.0 0.1 -0.0 34

 35 Treasury general deposit account -1.3 0.1 11.4 90.0 80.5 -45.9 -55.0 7.0 69.7 61.1 35

 36 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 -254.3 195.0 -200.0 0.0 0.0 0.0 36

 37 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 51.1 -37.4 -1.3 -5.8 37

 38 Due to rest of the world 0.0 0.0 -0.0 1.3 1.0 0.9 -3.2 6.3 1.5 -2.7 38

 39 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 85.0 86.2 69.5 99.7 39

 40 Security repurchase agreements -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 7.3 208.7 193.9 40

 41 Reverse repurchase agreement operations (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 197.8 199.0 41

 42 Other -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 7.3 11.0 -5.0 42

 43 Miscellaneous liabilities 2.8 3.2 2.1 2.6 4.9 28.7 -27.2 4.0 9.8 3.5 43

 44 Federal Reserve Bank stock 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 0.1 1.1 44

 45 Other 1.1 1.4 -1.0 0.0 0.4 27.8 -27.5 3.5 9.7 2.4 45

 46 Discrepancy 3.3 1.5 -2.8 -0.3 -6.0 -10.0 -1.2 -18.8 -1.6 3.9 46

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

(2) Shown on table F.203.

(3) Federal Reserve loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.

(4) Federal Reserve loans extended to U.S.-chartered depository institutions through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

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

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

(7) Includes loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, AIG, Maiden Lane III LLC, and the Commercial Paper Funding Facility LLC.

(8) 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.

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

(10) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
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18 Historical Annuals, 2005-2014, September 18, 2015

F.110 Private Depository Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving less net capital transfers paid (2) 12.7 -9.5 -29.5 36.5 92.2 144.6 75.8 6.6 20.9 -27.5 1

 2 Fixed nonresidential investment 38.2 45.0 43.2 44.4 45.7 35.7 25.1 27.6 24.7 26.5 2

 3 Net lending (+) or net borrowing (-) 184.5 113.0 96.0 83.5 -316.8 -24.5 -14.5 -70.2 49.7 -117.7 3

 4 Net acquisition of financial assets 962.4 932.4 1091.2 1198.4 -699.2 -193.2 840.5 500.1 993.4 972.1 4

 5 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 2.6 2.0 5

 6 Reserves at Federal Reserve -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 -71.2 758.0 128.9 6

 7 Federal funds and security repos 20.1 128.8 157.4 -125.0 -308.1 20.9 22.5 112.0 -98.0 10.6 7

 8 Debt securities 202.4 151.4 139.6 117.7 117.2 146.1 138.0 190.4 46.3 216.7 8

 9 Open market paper -0.0 0.2 -0.5 15.3 -15.7 0.0 0.0 0.0 0.0 0.0 9

 10 Treasury securities -7.0 0.6 10.4 -20.8 94.7 103.0 -46.7 86.6 -35.1 195.4 10

 11 Agency- and GSE-backed securities 46.0 18.7 -115.8 142.2 172.6 138.5 133.6 49.7 42.4 26.2 11

 12 Municipal securities 18.5 25.1 12.6 20.4 3.4 29.3 46.8 68.0 55.1 31.0 12

 13 Corporate and foreign bonds 145.0 106.9 232.9 -39.3 -137.8 -124.7 4.3 -13.8 -16.2 -35.9 13

 14 Loans 690.1 651.7 695.6 304.6 -661.7 -279.4 142.9 277.2 260.9 578.8 14

 15 Depository institution loans n.e.c. 171.1 198.1 341.5 196.8 -418.7 -41.2 245.1 206.8 197.0 320.1 15

 16 Other loans and advances 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Mortgages 485.2 394.3 295.4 38.3 -179.4 -157.2 -105.8 21.7 -11.0 149.9 17

 18 Consumer credit 33.8 59.6 58.6 69.7 -63.6 -81.0 3.6 48.7 74.9 108.8 18

 19 Corporate equities -0.9 -0.4 1.4 0.9 6.3 -1.7 0.9 -10.5 0.8 0.7 19

 20 Mutual fund shares -2.8 3.8 3.6 1.3 14.1 -5.6 -0.5 -0.7 1.5 -0.8 20

 21 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 5.2 7.4 5.7 5.9 21

 22 U.S. direct investment abroad 0.5 -1.7 32.8 17.6 -0.8 2.7 -6.2 -1.6 0.3 4.7 22

 23 Miscellaneous assets 49.4 -10.7 44.5 33.0 18.7 -69.4 -64.8 -10.1 15.4 24.5 23

 24 Net increase in liabilities 777.9 819.4 995.1 1114.9 -382.4 -168.7 855.0 570.3 943.7 1089.8 24

 25 Net interbank liabilities -9.7 3.4 -55.5 909.8 -651.1 -131.7 218.2 -130.3 368.5 -16.0 25

 26 Checkable deposits -25.6 -43.5 18.9 140.2 109.7 81.3 356.7 205.6 193.1 198.8 26

 27 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.3 577.4 539.6 307.0 365.0 27

 28 Large time deposits 295.4 289.2 292.3 -182.4 -173.6 -182.7 -173.3 -19.2 102.1 148.2 28

 29 Federal funds and security repos 84.7 85.2 32.6 -168.6 -132.2 6.7 -27.1 -32.0 -92.8 25.4 29

 30 Debt securities 13.5 29.3 24.7 0.1 -28.3 -69.3 10.0 -115.4 -102.7 -17.2 30

 31 Open market paper 0.0 -0.2 -0.1 0.0 0.1 -20.1 7.6 -33.1 -27.8 -5.2 31

 32 Corporate bonds 13.5 29.6 24.8 0.1 -28.5 -49.2 2.4 -82.3 -74.9 -12.0 32

 33 Loans (other loans and advances) 43.9 18.5 211.2 7.1 -278.0 -148.7 -62.5 5.6 71.2 60.7 33

 34 Corporate equity issues 8.4 10.2 7.5 12.1 11.6 11.9 6.4 1.6 2.2 2.7 34

 35 Taxes payable (net) -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 7.0 0.1 15.2 35

 36 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 16.6 12.4 26.0 -1.9 9.5 0.7 36

 37 Miscellaneous liabilities 51.2 67.8 163.2 -67.0 218.3 -53.5 -87.4 109.8 85.4 306.3 37

 38 Investment by holding companies 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 59.2 195.9 38

 39 Investment by funding corporations 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 -2.5 -20.3 39

 40 Other 2.3 -37.9 5.6 -216.2 125.0 -55.4 -129.8 20.4 28.7 130.6 40

 41 Discrepancy -210.1 -167.5 -168.8 -91.4 363.3 133.4 65.1 49.2 -53.5 63.7 41

 Memo:

 42 Consumer leases not included above (3) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 -0.1 0.4 1.5 0.7 42

(1) U.S.-chartered depository institutions (F.111), foreign banking offices (F.112), banks in U.S.-affiliated areas (F.113), and credit unions (F.114).

(2) Net capital transfers paid from table F.5, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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Historical Annuals, 2005-2014, September 18, 2015 19

F.111 U.S.-Chartered Depository Institutions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving less net capital transfers paid (1) 0.3 -22.3 -41.5 27.5 83.3 133.8 62.7 -8.9 5.0 -44.5 1

 2 Fixed nonresidential investment 31.3 37.0 35.9 37.8 40.0 31.0 20.1 21.8 18.7 19.6 2

 3 Net acquisition of financial assets 717.8 727.5 817.2 1003.5 -501.8 -304.7 322.7 472.6 635.0 845.5 3

 4 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 2.5 2.0 4

 5 Reserves at Federal Reserve -5.1 0.1 1.8 597.7 44.4 -85.6 222.9 -0.2 454.4 190.7 5

 6 Federal funds and security repos -20.9 71.1 142.8 54.9 -308.2 0.7 -25.0 60.1 -87.2 -30.4 6

 7 Debt securities 132.4 132.5 58.1 85.0 248.0 135.2 108.3 163.6 90.7 241.5 7

 8 Open market paper 0.0 0.0 0.0 15.7 -15.7 0.0 0.0 0.0 0.0 0.0 8

 9 Treasury securities -6.1 2.2 5.6 -23.7 68.1 93.0 -43.7 69.3 -26.1 203.3 9

 10 Agency- and GSE-backed securities 52.5 34.2 -111.0 136.2 168.0 110.1 106.9 35.5 47.7 43.0 10

 11 Residential mortgage pass-through securities 22.9 52.5 -49.1 153.9 -13.4 -2.2 63.8 18.6 40.8 26.2 11

 12 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.1 -0.2 4.8 8.6 8.5 12.2 12

 13 Residential CMOs and other structured MBS 2.9 -2.3 -5.9 19.8 70.1 129.4 80.3 -10.8 -23.6 13.0 13

 14 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.1 -0.4 9.8 21.0 23.9 14.6 14

 15 Other 26.7 -16.0 -56.1 -37.5 111.3 -16.6 -51.8 -2.0 -1.9 -23.0 15

 16 Municipal securities 18.3 24.2 11.9 19.9 2.4 30.3 42.6 67.8 53.8 32.7 16

 17 Corporate and foreign bonds 67.7 71.8 151.5 -63.2 25.1 -98.2 2.5 -9.0 15.2 -37.4 17

 18 Private residential mortgage pass-through securities 4.5 11.9 11.0 -25.7 6.6 -9.7 -3.1 15.3 9.9 -6.0 18

 19 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 1.1 -6.4 -2.5 0.4 -1.2 -2.5 19

 20 Private residential CMOs and other structured MBS 56.3 20.3 104.3 -43.3 -51.6 -70.6 -22.0 -20.8 -14.6 -5.6 20

 21 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 -3.8 -1.4 2.7 4.1 4.6 5.4 21

 22 Other 7.0 39.7 36.2 5.9 72.9 -10.2 27.3 -8.0 16.5 -28.8 22

 23 Loans 559.2 532.0 537.6 205.6 -531.8 -252.7 77.5 258.5 170.7 439.2 23

 24 Depository institution loans n.e.c. 88.6 120.2 227.4 136.5 -289.3 -33.2 175.8 216.8 144.3 249.8 24

 25 Other loans and advances -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Mortgages 450.2 359.6 252.1 -0.9 -178.1 -149.2 -105.3 13.7 -26.6 117.9 26

 27 Consumer credit 20.5 52.2 58.1 70.1 -64.5 -70.3 7.1 28.1 52.9 71.5 27

 28 Corporate equities -0.9 -0.4 1.4 0.9 6.3 -1.8 1.0 -10.5 0.8 0.7 28

 29 Mutual fund shares -1.8 3.9 3.6 1.3 14.8 -5.8 -0.8 -1.1 1.6 -0.7 29

 30 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 5.2 7.4 5.7 5.9 30

 31 U.S. direct investment abroad 0.5 -1.7 32.8 17.6 -0.8 2.7 -6.2 -1.6 0.3 4.7 31

 32 Miscellaneous assets 45.7 -19.7 24.9 31.3 27.5 -99.7 -68.5 -10.7 -4.6 -8.1 32

 33 Net increase in liabilities 573.0 631.6 796.5 1009.9 -375.7 -250.1 370.0 536.7 628.3 975.0 33

 34 Net interbank liabilities -16.3 93.7 100.3 684.2 -496.4 -201.3 -263.4 -114.2 191.0 54.2 34

 35 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 0.1 -0.5 0.4 35

 36 Borrowing from Federal Reserve banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 -0.1 0.0 0.1 36

 37 To domestic banking -11.5 -7.4 9.2 71.0 7.5 -16.8 40.8 -29.5 38.5 -45.3 37

 38 To foreign banks -4.7 102.4 42.2 103.6 -40.2 -88.8 -304.9 -84.8 153.0 99.0 38

 39 Checkable deposits -33.0 -35.7 13.5 137.9 94.0 69.6 319.4 176.2 148.2 136.2 39

 40 Federal government 7.0 -5.9 14.9 -39.5 0.3 -0.1 -2.7 0.3 0.3 0.9 40

 41 Private domestic -46.1 -39.2 -6.3 146.2 122.4 73.5 296.5 180.1 148.6 133.1 41

 42 Rest of the world 6.2 9.4 5.0 31.2 -28.7 -3.8 25.6 -4.2 -0.7 2.2 42

 43 Small time and savings deposits 296.9 306.7 282.7 480.6 472.3 271.7 537.1 491.5 256.7 343.8 43

 44 Large time deposits 211.2 139.3 17.2 -63.9 -335.7 -133.8 -13.2 -9.1 23.9 102.5 44

 45 Federal funds and security repos 41.6 26.9 56.0 -9.7 -195.0 -48.1 -81.5 -52.6 -80.5 -33.2 45

 46 Debt securities 13.5 29.6 24.7 0.3 -28.3 -69.3 10.0 -115.4 -102.7 -17.2 46

 47 Open market paper -0.0 0.1 -0.1 0.2 0.1 -20.1 7.6 -33.1 -27.8 -5.2 47

 48 Corporate bonds 13.5 29.6 24.8 0.1 -28.5 -49.2 2.4 -82.3 -74.9 -12.0 48

 49 Loans (other loans and advances) 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 4.6 69.2 52.3 49

 50 Corporate equity issues 8.4 10.2 7.5 12.1 11.6 11.9 6.4 1.6 2.2 2.7 50

 51 Taxes payable (net) -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 7.0 0.1 15.2 51

 52 Miscellaneous liabilities 17.7 47.9 112.3 -144.4 358.2 -8.9 -94.9 147.1 120.1 318.5 52

 53 Investment by holding companies 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 59.2 195.9 53

 54 Other -10.1 -49.3 -1.7 -258.1 191.5 -42.3 -171.0 45.9 60.9 122.5 54

 55 Discrepancy -175.8 -155.3 -98.2 -3.9 169.4 157.4 90.0 33.5 -20.4 65.4 55

 Memo:

 56 Consumer leases not included above (2) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 -0.1 0.4 1.5 0.7 56

(1) Net capital transfers paid from table F.5, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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20 Historical Annuals, 2005-2014, September 18, 2015

F.112 Foreign Banking Offices in U.S. (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 3.2 3.0 3.3 2.3 2.3 2.3 2.9 3.3 4.1 4.4 1

 2 Fixed nonresidential investment 3.6 3.9 3.8 2.7 2.4 2.0 2.4 3.0 3.3 3.8 2

 3 Net acquisition of financial assets 196.9 172.6 236.5 156.5 -251.1 50.3 468.1 -15.8 316.5 56.3 3

 4 Vault cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Reserves at Federal Reserve 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 -72.2 309.3 -59.3 5

 6 Federal funds and security repos 38.8 59.2 17.2 -177.5 0.1 20.3 31.7 58.2 -1.2 41.1 6

 7 Debt securities 78.5 31.4 83.0 30.8 -155.1 -10.7 2.2 11.4 -50.4 -14.5 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Treasury securities 0.1 -1.0 3.6 5.1 22.0 3.5 -0.5 16.1 -9.6 -10.5 9

 10 Agency- and GSE-backed securities -0.9 4.2 2.0 -6.5 -19.3 -4.8 4.0 1.5 -6.7 -4.9 10

 11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Corporate and foreign bonds 79.3 28.3 77.4 32.2 -157.8 -9.4 -1.4 -6.2 -34.1 0.9 12

 13 Loans 76.0 79.0 127.6 62.2 -136.8 -10.7 59.1 -12.9 45.7 74.7 13

 14 Depository institution loans n.e.c. 72.0 75.2 113.5 57.2 -130.4 -8.2 61.7 -11.0 46.3 67.4 14

 15 Other loans and advances 0.1 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Mortgages 4.0 4.1 14.1 5.2 -6.4 -2.5 -2.6 -1.9 -0.6 7.3 16

 17 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 -0.0 0.0 0.0 0.0 17

 18 Miscellaneous assets 3.4 3.3 8.3 3.1 -4.4 -15.3 15.0 -0.3 13.1 14.4 18

 19 Net increase in liabilities 160.6 163.7 167.8 62.9 -76.0 32.4 469.0 -5.1 268.7 56.3 19

 20 Net interbank liabilities -0.3 -89.1 -157.1 233.0 -152.2 30.7 504.6 -1.9 175.1 -70.2 20

 21 To foreign banks -5.9 -97.1 -151.7 251.8 -161.7 27.0 518.8 -51.2 159.2 -68.4 21

 22 To domestic banks 5.6 8.1 -5.4 -18.8 9.5 3.7 -14.2 49.3 15.9 -1.9 22

 23 Checkable deposits 0.5 -0.0 2.6 1.7 2.6 5.7 23.7 16.2 30.8 45.2 23

 24 Small time and savings deposits 0.5 8.6 6.9 0.1 4.4 5.8 13.2 13.8 27.7 -5.9 24

 25 Large time deposits 76.7 146.1 269.2 -120.0 148.0 -46.5 -163.1 -16.2 71.1 39.7 25

 26 Federal funds and security repos 42.1 57.3 -21.5 -156.7 63.5 54.8 54.4 20.6 -12.3 58.6 26

 27 Debt securities (open market paper) (2) 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 16.6 12.4 26.0 -1.9 9.5 0.7 28

 29 Miscellaneous liabilities 31.7 27.2 68.5 80.2 -158.9 -30.5 10.1 -35.7 -33.2 -11.7 29

 30 Investment by funding corporations 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 -2.5 -20.3 30

 31 Other 10.6 18.6 24.8 44.6 -85.3 1.1 43.8 -23.9 -30.7 8.6 31

 32 Discrepancy -36.7 -9.8 -69.2 -94.1 175.1 -17.6 1.4 11.0 -47.0 0.5 32

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

(2) Bankers’ acceptances.
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Historical Annuals, 2005-2014, September 18, 2015 21

F.113 Banks in U.S.-Affiliated Areas (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 10.2 -1.1 -0.3 -2.9 -7.3 -14.8 -4.1 0.0 8.8 7.3 3

 4 Debt securities 0.9 -5.6 -3.7 -2.1 -2.2 -9.5 -3.5 -2.6 1.5 -1.2 4

 5 Treasury securities 0.1 -0.2 -1.9 -0.6 -0.7 0.6 -0.0 -0.6 0.7 0.2 5

 6 Agency- and GSE-backed securities 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 -8.0 -2.2 -0.8 -0.1 6

 7 Municipal securities 0.2 0.8 0.7 0.5 0.9 -0.9 0.9 -0.8 0.9 -0.9 7

 8 Corporate and foreign bonds -0.5 -0.4 0.1 0.0 1.5 -1.4 3.6 1.0 0.6 -0.4 8

 9 Loans 9.3 3.9 -2.7 0.1 -0.6 -9.8 -1.4 2.5 -1.2 -4.3 9

 10 Depository institution loans n.e.c. 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 1.1 1.0 1.3 -2.3 10

 11 Home mortgages 0.7 0.9 4.3 1.4 -0.3 -2.5 -2.4 2.3 -1.1 -1.5 11

 12 Commercial mortgages 2.9 3.2 -2.7 0.4 -0.0 -4.0 -0.1 -0.8 -1.4 -0.5 12

 13 Miscellaneous assets 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 0.2 8.6 12.8 13

 14 Net increase in liabilities 9.3 -1.3 -7.7 -3.4 -1.1 -14.8 -3.1 -0.1 8.5 7.1 14

 15 Net interbank liabilities 0.5 0.1 0.3 -0.6 -1.0 0.9 -1.2 -0.4 0.2 -0.6 15

 16 Checkable deposits -0.2 0.7 1.7 -1.1 1.4 0.5 2.8 2.5 6.3 5.2 16

 17 Small time and savings deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 2.5 2.0 17

 18 Large time deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 2.5 2.0 18

 19 Miscellaneous liabilities -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 -2.0 -3.0 -1.6 19

 20 Discrepancy -0.9 -0.2 -7.4 -0.5 6.2 -0.0 1.0 -0.1 -0.3 -0.2 20

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

F.114 Credit Unions

Billions of dollars

 1 Gross saving 9.0 9.6 8.7 6.6 6.4 8.4 10.1 12.0 11.8 12.5 1

 2 Fixed nonresidential investment 3.2 3.9 3.5 3.7 3.1 2.5 2.5 2.8 2.6 3.0 2

 3 Net acquisition of financial assets 37.4 33.4 37.7 41.3 61.0 76.0 53.8 43.3 33.2 63.0 3

 4 Reserves at Federal Reserve -0.1 -0.1 -0.1 3.5 27.5 10.0 11.1 1.2 -5.7 -2.5 4

 5 Federal funds and security repos 2.2 -1.6 -2.6 -2.4 0.0 -0.1 15.9 -6.2 -9.6 -0.0 5

 6 Debt securities -9.4 -6.8 2.3 4.0 26.5 31.1 31.0 17.9 4.6 -9.0 6

 7 Open market paper -0.0 0.2 -0.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities -1.1 -0.3 3.0 -1.6 5.4 5.9 -2.5 1.7 -0.2 2.5 8

 9 Agency- and GSE-backed securities -6.8 -13.9 -4.1 14.4 27.8 40.9 30.6 14.9 2.2 -11.7 9

 10 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 3.2 1.0 0.3 -0.8 10

 11 Corporate and foreign bonds -1.5 7.2 3.9 -8.4 -6.7 -15.7 -0.3 0.3 2.2 1.0 11

 12 Loans 45.5 36.9 33.1 36.6 7.6 -6.2 7.6 29.1 45.6 69.2 12

 13 Depository institution loans n.e.c. 4.9 3.0 4.8 4.8 1.3 3.5 6.6 0.1 5.1 5.1 13

 14 Home mortgages 27.4 26.4 27.8 32.2 5.4 0.9 4.5 8.3 18.6 26.9 14

 15 Consumer credit 13.2 7.5 0.5 -0.4 0.9 -10.7 -3.4 20.6 21.9 37.2 15

 16 Mutual fund shares -1.0 -0.1 -0.0 -0.0 -0.7 0.2 0.3 0.4 -0.1 -0.1 16

 17 Miscellaneous assets 0.1 5.0 5.2 -0.4 0.2 41.1 -12.1 0.8 -1.6 5.3 17

 18 Net increase in liabilities 34.9 25.5 38.5 45.5 70.3 63.8 19.0 38.8 38.2 51.5 18

 19 Net interbank liabilities 6.4 -1.4 1.0 -6.8 -1.6 38.1 -21.9 -13.8 2.2 0.7 19

 20 Shares/deposits 21.6 24.5 31.7 45.1 72.0 34.3 41.5 51.3 32.6 41.2 20

 21 Checkable 7.0 -8.5 1.1 1.6 11.6 5.5 10.7 10.7 7.9 12.2 21

 22 Small time and savings 12.1 30.5 25.8 43.0 43.4 26.1 27.4 34.4 20.1 25.0 22

 23 Large time 2.5 2.5 4.8 0.5 17.0 2.8 3.4 6.2 4.7 4.1 23

 24 Federal funds and security repos 1.0 0.9 -1.9 -2.2 -0.7 0.0 0.0 0.0 0.0 0.0 24

 25 Loans (other loans and advances) 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 1.9 8.4 25

 26 Miscellaneous liabilities 2.6 -2.7 -5.6 1.1 14.7 -8.3 1.3 0.3 1.5 1.2 26

 27 Discrepancy 3.4 -2.2 6.0 7.0 12.6 -6.4 -27.2 4.8 14.2 -2.0 27
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22 Historical Annuals, 2005-2014, September 18, 2015

F.115 Property-Casualty Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving less net capital transfers paid (1) 27.7 67.6 52.1 30.1 41.0 51.3 31.2 45.2 55.4 50.9 1

 2 Fixed nonresidential investment 17.3 17.0 18.4 19.0 18.8 15.8 16.7 19.1 21.4 22.9 2

 3 Net acquisition of financial assets 75.4 64.5 43.0 25.1 40.1 -38.2 27.4 26.4 40.1 33.3 3

 4 Checkable deposits and currency -4.8 8.9 12.8 -14.8 -0.3 5.0 -8.5 12.3 -6.7 5.9 4

 5 Money market fund shares -0.7 0.7 7.2 12.1 -3.2 -4.0 -5.6 2.2 -2.2 -1.9 5

 6 Security repurchase agreements 0.6 -0.7 1.7 0.8 0.1 -0.7 -1.4 -0.8 0.0 -0.1 6

 7 Debt securities 72.5 44.1 4.0 -16.1 33.8 4.2 35.4 0.3 28.6 13.8 7

 8 Open market paper 3.5 0.6 -3.1 5.8 -9.3 -1.9 0.9 -1.4 0.7 -0.1 8

 9 Treasury securities 0.3 3.1 -38.7 -5.6 22.9 3.2 4.6 -6.7 6.4 5.9 9

 10 Agency- and GSE-backed securities 5.8 4.1 3.8 -11.5 1.9 -0.4 6.9 -8.4 -4.9 -4.2 10

 11 Municipal securities 45.4 22.1 36.1 10.6 -12.6 -21.0 -17.4 -2.9 -1.7 -4.7 11

 12 Corporate and foreign bonds 17.5 14.2 5.9 -15.4 30.8 24.3 40.4 19.6 28.1 17.0 12

 13 Loans (commercial mortgages) 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 2.3 2.0 13

 14 Corporate equities -6.3 -1.9 2.0 35.4 -2.8 -20.9 2.9 4.6 3.7 2.6 14

 15 Mutual fund shares 0.5 4.7 -2.0 -0.7 0.5 -0.1 -0.7 1.8 1.0 1.4 15

 16 Trade receivables 2.4 4.9 -1.6 1.3 -3.7 0.8 3.4 4.8 3.3 5.5 16

 17 U.S. direct investment abroad 10.8 3.1 17.6 6.8 16.3 -22.2 1.1 0.4 10.2 4.0 17

 18 Net increase in liabilities 46.4 42.1 9.4 14.3 -4.3 2.9 19.6 -21.1 22.1 -1.1 18

 19 Security repurchase agreements 0.1 -0.1 -0.7 1.9 -1.7 0.8 1.7 -1.0 -0.6 -0.4 19

 20 Corporate equity issues -2.8 -8.5 -13.2 0.4 -5.3 -12.7 -10.7 -14.5 -7.6 -16.9 20

 21 Taxes payable (net) -3.1 11.0 -2.4 -28.1 5.3 5.6 -4.4 3.8 19.1 1.9 21

 22 Foreign direct investment in U.S. -0.1 23.1 7.1 14.9 2.4 2.8 -2.2 -8.2 11.5 -0.5 22

 23 Miscellaneous liabilities 52.3 16.6 18.7 25.4 -5.0 6.3 35.2 -1.0 -0.3 14.8 23

 24 Investment by parent companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -6.8 -6.0 0.1 24

 25 Policy payables 52.3 16.6 18.7 25.4 -5.0 6.3 35.2 5.8 5.7 14.7 25

 26 Discrepancy -18.5 28.2 0.2 0.4 -22.2 76.6 6.6 -21.3 16.0 -6.3 26

(1) Net capital transfers paid from table F.5, line 51.
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Historical Annuals, 2005-2014, September 18, 2015 23

F.116 Life Insurance Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 14.5 7.5 5.6 -45.0 13.0 16.2 7.2 13.4 7.2 10.7 1

 2 Fixed nonresidential investment 12.7 12.7 13.5 13.8 13.5 11.5 12.3 14.0 15.4 16.5 2

 3 Net acquisition of financial assets 173.9 225.0 240.5 166.0 116.4 181.5 229.0 127.0 102.7 213.4 3

 4 Checkable deposits and currency -5.5 8.3 2.3 24.4 -32.1 1.0 2.0 2.7 -9.2 3.6 4

 5 Money market fund shares -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 -1.4 -5.9 6.1 5

 6 Security repurchase agreements -1.0 -0.1 0.2 5.2 2.2 0.7 -4.7 2.1 -5.3 0.4 6

 7 Debt securities 99.1 39.3 49.2 -24.9 168.7 160.4 102.5 60.6 55.1 70.2 7

 8 Open market paper -3.0 4.3 13.1 -3.4 11.5 -8.9 -11.2 13.9 3.2 -4.6 8

 9 Treasury securities 13.5 -7.6 -17.3 35.1 27.7 23.2 18.8 5.5 -12.2 14.3 9

 10 Agency- and GSE-backed securities 11.4 8.8 5.5 -16.7 5.8 4.0 -1.6 -13.5 -6.8 -15.0 10

 11 Municipal securities 2.4 4.1 4.8 5.7 26.1 39.2 9.4 9.7 10.1 6.2 11

 12 Corporate and foreign bonds 74.7 29.7 43.1 -45.5 97.6 102.9 87.1 45.0 60.8 69.3 12

 13 Loans 17.2 28.2 35.6 36.5 -28.9 -8.8 22.9 13.7 22.3 29.5 13

 14 Other loans and advances 5.0 9.8 13.2 20.3 -12.6 -0.2 7.9 1.8 3.5 8.0 14

 15 Mortgages 12.1 18.3 22.4 16.3 -16.3 -8.6 15.0 11.9 18.8 21.6 15

 16 Corporate equities 65.9 71.4 84.1 81.8 33.4 12.7 33.2 16.1 13.7 28.1 16

 17 Mutual fund shares -9.9 26.9 31.3 -10.7 0.0 33.9 5.6 0.4 1.1 1.3 17

 18 U.S. direct investment abroad 1.4 0.8 5.8 4.6 1.6 1.9 3.3 5.9 2.9 2.2 18

 19 Miscellaneous assets 10.6 40.5 33.7 31.5 -23.1 -7.6 56.4 26.8 28.0 71.9 19

 20 Equity in FHLB -0.1 0.0 0.6 1.0 -0.3 -0.0 -0.8 0.1 1.0 0.4 20

 21 Deferred and unpaid life ins. premiums 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 21

 22 Other 9.7 40.0 32.1 27.4 -17.8 -10.2 57.6 26.1 24.1 70.4 22

 23 Net increase in liabilities 160.9 201.3 197.5 153.1 32.2 145.0 203.7 90.4 87.1 174.4 23

 24 Security repurchase agreements 7.4 0.3 -1.1 -7.3 -0.5 -2.2 1.9 2.3 6.5 1.0 24

 25 Corporate equity issues -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 -9.9 -9.2 -14.9 25

 26 Loans (other loans and advances) 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 7.8 12.4 26

 27 Life insurance reserves 14.0 64.1 33.2 64.2 26.3 13.6 79.9 -12.2 29.8 55.5 27

 28 Pension entitlements (2) 119.9 95.9 106.8 168.6 -77.6 73.4 83.6 77.8 66.4 85.6 28

 29 Taxes payable (net) -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 -4.6 -2.3 -1.9 29

 30 Foreign direct investment in U.S. 0.4 14.4 -1.0 12.5 11.1 6.3 -5.4 2.4 0.9 5.8 30

 31 Miscellaneous liabilities 29.4 40.0 79.1 -80.7 87.5 59.4 48.3 29.9 -12.9 30.9 31

 32 Investment by parent companies 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 10.3 3.4 0.8 32

 33 Other reserves (3) 9.5 14.8 15.5 17.6 8.4 17.1 14.8 -1.8 0.4 5.8 33

 34 Unallocated insurance contracts 16.9 2.0 36.8 -74.9 111.9 12.6 12.0 0.8 -11.4 8.3 34

 35 Other -6.7 20.5 21.4 -11.0 -42.1 7.4 12.2 20.6 -5.2 16.0 35

 36 Discrepancy -11.1 -29.0 -50.8 -71.6 -84.7 -31.8 -30.3 -37.2 -23.8 -44.8 36

(1) Additional detail on the financial assets and liabilities held in life insurer’s general and separate accounts is available on tables F.116.g and F.116.s.

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 33.

(3) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
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24 Historical Annuals, 2005-2014, September 18, 2015

F.116.g Life Insurance Companies: General Accounts

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets 101.0 80.1 78.5 132.8 92.1 126.9 176.4 56.5 84.6 155.6 1

 2 Checkable deposits and currency -4.1 5.6 3.5 21.8 -27.4 -2.0 3.0 1.4 -4.8 3.5 2

 3 Money market fund shares -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 -1.4 -5.9 6.1 3

 4 Security repurchase agreements -1.0 -0.1 0.2 5.2 2.2 0.7 -4.7 2.1 -5.3 0.4 4

 5 Debt securities 93.8 18.3 31.4 -19.7 163.6 120.5 98.7 22.9 49.7 71.0 5

 6 Open market paper -4.3 2.1 5.1 0.1 15.5 -12.0 -12.6 15.9 1.4 -6.0 6

 7 Treasury securities 14.6 -9.1 -13.8 36.3 26.1 15.2 10.3 1.3 -11.3 9.1 7

 8 Agency- and GSE-backed securities 9.0 -2.8 2.2 -36.5 2.7 -5.6 -1.5 -4.9 -6.6 -3.3 8

 9 Municipal securities 2.4 3.8 4.6 3.0 25.9 39.5 9.2 9.0 9.2 5.3 9

 10 Corporate and foreign bonds 72.1 24.2 33.4 -22.5 93.4 83.4 93.3 1.6 57.0 66.0 10

 11 Loans 16.0 27.3 35.5 32.2 -24.6 -8.8 23.7 15.0 20.4 28.1 11

 12 Other loans and advances 5.1 9.8 13.3 20.2 -12.6 -0.2 7.9 1.9 3.5 8.0 12

 13 Mortgages 10.9 17.5 22.3 12.0 -12.0 -8.6 15.8 13.1 16.9 20.2 13

 14 Corporate equities -3.6 3.2 6.7 5.1 1.5 4.0 0.3 -2.5 0.8 5.5 14

 15 Mutual fund shares -0.5 -0.3 0.8 -1.8 -0.1 -0.1 0.7 0.2 -0.2 0.0 15

 16 U.S. direct investment abroad 1.4 0.8 5.8 4.6 1.6 1.9 3.3 5.9 2.9 2.2 16

 17 Miscellaneous assets 2.6 15.5 -3.9 67.8 -19.2 23.4 43.7 12.8 27.0 38.7 17

 18 Net increase in liabilities 86.1 55.3 34.4 122.3 12.4 91.2 151.2 17.8 68.7 116.0 18

 19 Security repurchase agreements 7.4 0.3 -1.1 -7.3 -0.5 -2.2 1.9 2.3 6.5 1.0 19

 20 Corporate equity issues -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 -9.9 -9.2 -14.9 20

 21 Loans (other loans and advances) 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 7.8 12.4 21

 22 Life insurance reserves 34.6 25.7 12.6 53.0 36.8 32.0 73.0 -6.2 28.3 46.1 22

 23 Pension entitlements (1) 36.0 -45.9 -0.8 127.8 -121.8 22.0 35.1 7.1 44.0 42.9 23

 24 Taxes payable (net) -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 -4.6 -2.3 -1.9 24

 25 Foreign direct investment in U.S. 0.4 14.4 -1.0 12.5 11.1 6.3 -5.4 2.4 0.9 5.8 25

 26 Miscellaneous liabilities 17.8 74.2 44.1 -59.6 101.3 38.5 51.1 22.1 -7.5 24.6 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 26).

F.116.s Life Insurance Companies: Separate Accounts

Billions of dollars

 1 Net acquisition of financial assets 72.9 144.8 161.9 33.2 24.3 54.6 52.6 70.5 18.1 57.8 1

 2 Checkable deposits and currency -1.4 2.7 -1.3 2.6 -4.7 3.0 -0.9 1.3 -4.4 0.2 2

 3 Debt securities 5.2 21.0 17.7 -5.2 5.1 40.0 3.8 37.7 5.4 -0.9 3

 4 Open market paper 1.3 2.2 8.0 -3.5 -4.0 3.1 1.4 -2.0 1.8 1.5 4

 5 Treasury securities -1.1 1.5 -3.5 -1.1 1.6 8.0 8.5 4.2 -0.9 5.2 5

 6 Agency- and GSE-backed securities 2.4 11.6 3.3 19.8 3.1 9.6 -0.0 -8.5 -0.2 -11.7 6

 7 Municipal securities 0.0 0.2 0.2 2.7 0.2 -0.3 0.2 0.7 0.9 0.9 7

 8 Corporate and foreign bonds 2.6 5.5 9.7 -23.0 4.2 19.5 -6.2 43.3 3.8 3.3 8

 9 Loans 1.2 0.8 0.1 4.3 -4.3 -0.1 -0.8 -1.3 1.9 1.4 9

 10 Other loans and advances -0.0 0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.1 0.0 0.0 10

 11 Mortgages 1.2 0.8 0.1 4.3 -4.3 -0.0 -0.8 -1.1 1.9 1.4 11

 12 Corporate equities 69.4 68.1 77.3 76.7 31.9 8.6 32.9 18.6 12.9 22.6 12

 13 Mutual fund shares -9.4 27.2 30.4 -8.9 0.1 34.0 4.9 0.3 1.3 1.3 13

 14 Miscellaneous assets 7.9 24.9 37.7 -36.3 -3.8 -31.0 12.7 13.9 1.0 33.3 14

 15 Net increase in liabilities 74.8 145.9 163.2 30.8 19.8 53.8 52.5 72.7 18.5 58.4 15

 16 Life insurance reserves -20.6 38.5 20.6 11.1 -10.5 -18.4 6.9 -5.9 1.4 9.4 16

 17 Pension entitlements (1) 83.9 141.7 107.6 40.8 44.2 51.3 48.5 70.8 22.4 42.7 17

 18 Miscellaneous liabilities 11.6 -34.2 35.0 -21.1 -13.9 20.8 -2.8 7.8 -5.3 6.3 18

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 18).
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Historical Annuals, 2005-2014, September 18, 2015 25

F.117 Private and Public Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 1

 2 Fixed nonresidential investment 0.3 0.3 0.4 0.2 0.1 0.1 0.1 0.3 0.4 0.5 2

 3 Net acquisition of financial assets (2) 478.5 505.9 489.5 296.8 570.4 577.8 455.9 503.3 463.2 446.3 3

 4 Checkable deposits and currency -6.5 -2.4 1.7 -5.4 -3.2 2.6 6.0 -1.7 -0.5 1.2 4

 5 Time and savings deposits 15.6 9.2 7.1 -2.7 3.1 4.4 3.5 -7.0 7.4 4.6 5

 6 Money market fund shares 18.1 14.6 7.4 1.2 -13.5 -8.1 17.2 -20.8 16.0 -3.8 6

 7 Security repurchase agreements -7.8 -2.9 0.4 -1.1 -0.0 0.1 0.1 -0.6 0.6 0.5 7

 8 Debt securities 125.7 183.2 110.0 76.9 -5.7 220.7 181.2 200.3 284.7 153.5 8

 9 Open market paper -1.6 1.2 4.9 -4.8 0.1 2.1 4.3 -8.5 8.9 5.9 9

 10 Treasury securities (3) 55.0 55.7 36.7 83.0 122.8 118.1 144.3 129.3 119.7 87.1 10

 11 Agency- and GSE-backed securities -33.0 24.1 0.5 -27.2 -11.8 9.4 -35.9 -21.7 -4.7 -15.7 11

 12 Municipal securities -0.8 -0.0 -0.2 -0.1 0.1 0.8 -0.6 0.2 1.3 1.1 12

 13 Corporate and foreign bonds 106.1 102.1 68.2 26.1 -116.9 90.3 69.2 101.0 159.7 75.1 13

 14 Loans (mortgages) -1.8 1.6 4.2 -10.8 -5.1 2.5 -5.2 0.2 -1.2 -0.1 14

 15 Corporate equities 8.4 -99.3 57.5 28.0 -80.7 -44.0 -139.6 -100.3 -354.2 -186.0 15

 16 Mutual fund shares 65.4 68.7 34.6 -55.8 161.3 104.9 15.0 62.8 139.7 123.7 16

 17 Miscellaneous assets 261.4 333.3 266.6 266.6 514.2 294.7 377.6 370.4 370.7 352.7 17

 18 Unallocated insurance contracts (4) 16.9 2.0 36.8 -74.9 111.9 12.6 12.0 0.8 -11.4 8.3 18

 19 Contributions receivable -1.9 -2.0 4.5 14.7 -8.6 15.4 3.0 -12.3 -2.5 -1.1 19

 20 Claims of pension fund on sponsor (5) 208.9 295.9 190.8 343.9 392.3 237.2 317.7 350.9 346.1 314.3 20

 21 Other 37.5 37.4 34.5 -17.3 18.6 29.6 45.0 30.9 38.5 31.1 21

 22 Pension entitlements (liabilities) (6) 478.7 506.0 489.8 296.8 570.3 577.7 455.9 503.5 463.5 446.6 22

 Memo:

 23 Household retirement assets (7) 776.6 837.0 922.4 708.8 683.2 836.5 903.8 816.4 741.2 758.6 23

 24 Defined benefit plans 330.6 329.6 342.8 346.5 348.8 352.4 351.9 321.8 287.7 267.7 24

 25 Defined contribution plans 147.9 176.3 146.7 -49.7 221.5 225.3 104.1 181.5 175.5 178.6 25

 26 Individual retirement plans (IRAs) (8) 206.4 247.4 342.5 226.8 207.0 213.4 380.0 261.0 229.9 241.0 26

 27 Annuities at life insurance companies (9) 91.7 83.6 90.4 185.2 -94.1 45.3 67.8 52.1 48.1 71.2 27

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

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

(3) Includes both marketable and nonmarketable government securities.

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

(5) Unfunded defined benefit pension entitlements.

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

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

(8) IRA assets are not included above. See memo item on table F.227 for a sectoral distribution of IRA accounts.

(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 26.
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26 Historical Annuals, 2005-2014, September 18, 2015

F.118 Private Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.1 2

 3 Net acquisition of financial assets (2) 169.4 189.3 158.3 20.6 245.9 231.6 140.8 194.3 148.5 110.0 3

 4 Checkable deposits and currency 0.3 0.4 1.3 -5.6 -2.8 2.1 5.6 -1.7 -0.5 0.5 4

 5 Time and savings deposits 6.2 1.0 3.8 -4.5 2.9 -0.6 1.6 -3.9 4.9 0.0 5

 6 Money market fund shares 1.9 3.4 6.9 5.1 -9.6 -10.2 16.5 -17.1 12.7 -9.5 6

 7 Security repurchase agreements 1.1 1.0 0.2 -1.0 0.2 -0.2 0.0 -0.3 0.4 0.0 7

 8 Debt securities 44.6 58.4 28.9 1.0 11.7 117.8 78.4 145.3 89.6 22.6 8

 9 Open market paper 1.9 0.6 3.5 -6.2 1.7 -2.0 2.5 -4.9 5.9 1.0 9

 10 Treasury securities 3.4 14.5 0.5 5.1 32.7 31.2 40.7 64.4 -3.4 12.2 10

 11 Agency- and GSE-backed securities 17.9 16.2 3.7 -1.8 -6.6 6.5 -9.3 2.0 -5.7 -10.7 11

 12 Corporate and foreign bonds 21.4 27.1 21.3 3.8 -16.1 82.1 44.6 83.8 92.8 20.2 12

 13 Loans (mortgages) -0.2 -0.3 2.2 -8.0 -2.4 2.8 -4.6 1.2 -0.7 0.2 13

 14 Corporate equities -49.0 -95.5 -3.3 -64.9 -91.2 22.7 -72.6 -19.0 -194.9 -95.3 14

 15 Mutual fund shares 72.6 77.5 56.1 -19.7 164.8 100.9 66.3 74.1 103.8 106.0 15

 16 Miscellaneous assets 92.0 143.3 62.3 118.1 172.1 -3.6 49.6 15.8 133.3 85.4 16

 17 Unallocated insurance contracts (3) 7.2 -12.3 25.6 -38.0 88.4 -1.0 22.7 5.6 -3.3 3.1 17

 18 Contributions receivable -1.9 -2.0 4.5 14.7 -8.6 15.4 3.0 -12.3 -2.5 -1.1 18

 19 Claims of pension fund on sponsor (4) 93.0 148.4 -0.2 141.0 63.0 -32.1 -19.5 -11.6 110.9 54.4 19

 20 Other -6.4 9.2 32.2 0.4 29.4 14.2 43.4 34.1 28.1 29.0 20

 21 Pension entitlements (liabilities) (5) 169.5 189.3 158.4 20.6 245.9 231.6 140.8 194.4 148.6 110.0 21

 Memo:

 Net acquisition of financial assets (6)

 22 Defined benefit plans 65.4 59.3 61.7 57.5 57.4 47.5 46.6 22.5 -8.0 -22.6 22

 23 Defined contribution plans 103.9 130.0 96.7 -36.9 188.5 184.0 94.1 171.8 156.5 132.5 23

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

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

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

(4) Unfunded defined benefit pension entitlements.

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables F.118.b and F.118.c.
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Historical Annuals, 2005-2014, September 18, 2015 27

F.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets (1) 65.4 59.3 61.7 57.5 57.4 47.5 46.6 22.5 -8.0 -22.6 1

 2 Checkable deposits and currency 0.1 0.2 0.8 -4.2 -2.6 2.7 1.8 -1.0 0.3 0.1 2

 3 Time and savings deposits 5.6 0.4 3.4 -5.5 3.4 -0.2 1.2 -3.3 4.5 -0.1 3

 4 Money market fund shares 0.0 0.0 0.4 -15.1 0.4 -5.1 -0.3 -4.0 5.3 -1.5 4

 5 Security repurchase agreements 0.7 0.3 0.2 -1.0 0.2 -0.2 0.0 -0.3 0.4 0.0 5

 6 Debt securities 34.0 34.4 21.4 -45.3 6.1 70.5 80.5 83.9 74.3 15.0 6

 7 Open market paper 0.6 0.3 3.9 -7.9 3.2 -1.0 1.1 -3.6 4.9 0.5 7

 8 Treasury securities 1.4 11.8 -1.9 -10.9 12.7 7.4 32.9 36.0 -2.7 5.6 8

 9 Agency- and GSE-backed securities 16.1 2.6 4.0 -23.3 -6.6 2.7 0.7 -9.1 -6.2 -6.0 9

 10 Corporate and foreign bonds 15.9 19.6 15.4 -3.1 -3.3 61.4 45.8 60.7 78.3 14.9 10

 11 Loans (mortgages) -0.2 -0.1 1.7 -7.7 -2.0 1.2 -2.4 -0.1 -1.1 -0.4 11

 12 Corporate equities -49.0 -107.9 15.2 -70.1 -41.8 -4.1 -72.7 -11.0 -186.1 -85.9 12

 13 Mutual fund shares -7.0 -0.2 1.5 34.2 12.1 0.7 22.3 -28.7 -9.3 -10.1 13

 14 Miscellaneous assets 81.1 132.2 17.1 172.1 81.7 -17.7 16.3 -12.9 103.7 60.2 14

 15 Unallocated insurance contracts (2) -8.6 -30.6 3.3 4.2 -2.7 -8.3 12.9 -9.5 -2.7 0.6 15

 16 Contributions receivable -1.9 -0.2 2.5 16.7 -5.3 13.4 1.7 -12.4 -4.1 -1.9 16

 17 Claims of pension fund on sponsor (3) 93.0 148.4 -0.2 141.0 63.0 -32.1 -19.5 -11.6 110.9 54.4 17

 18 Other -1.5 14.5 11.5 10.2 26.8 9.3 21.2 20.6 -0.4 7.1 18

 19 Net increase in pension entitlements (liabilities) (4) 65.5 59.4 61.8 57.5 57.3 47.5 46.6 22.6 -7.9 -22.5 19

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

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

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

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

F.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets 103.9 130.0 96.7 -36.9 188.5 184.0 94.1 171.8 156.5 132.5 1

 2 Checkable deposits and currency 0.1 0.2 0.5 -1.4 -0.1 -0.5 3.8 -0.7 -0.8 0.4 2

 3 Time and savings deposits 0.5 0.6 0.4 1.0 -0.5 -0.4 0.4 -0.6 0.4 0.1 3

 4 Money market fund shares 1.9 3.4 6.5 20.3 -9.9 -5.1 16.8 -13.1 7.3 -8.1 4

 5 Security repurchase agreements 0.4 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Debt securities 10.6 24.1 7.5 46.3 5.7 47.3 -2.1 61.4 15.3 7.7 6

 7 Open market paper 1.3 0.3 -0.4 1.8 -1.5 -1.0 1.4 -1.2 1.0 0.5 7

 8 Treasury securities 1.9 2.6 2.4 16.0 19.9 23.9 7.7 28.4 -0.8 6.6 8

 9 Agency- and GSE-backed securities 1.9 13.6 -0.4 21.5 -0.0 3.8 -10.0 11.1 0.5 -4.7 9

 10 Corporate and foreign bonds 5.5 7.5 5.9 6.9 -12.8 20.7 -1.2 23.1 14.5 5.3 10

 11 Loans (mortgages) 0.0 -0.2 0.5 -0.3 -0.5 1.6 -2.2 1.3 0.4 0.5 11

 12 Corporate equities -0.1 12.4 -18.5 5.2 -49.3 26.8 0.1 -8.0 -8.8 -9.4 12

 13 Mutual fund shares 79.6 77.7 54.6 -53.9 152.7 100.2 43.9 102.8 113.1 116.1 13

 14 Miscellaneous assets 10.9 11.2 45.2 -54.0 90.5 14.2 33.3 28.7 29.6 25.2 14

 15 Unallocated insurance contracts (2) 15.8 18.2 22.4 -42.2 91.2 7.2 9.8 15.1 -0.6 2.4 15

 16 Contributions receivable 0.0 -1.8 2.1 -2.0 -3.3 2.0 1.3 0.1 1.7 0.8 16

 17 Other -4.9 -5.3 20.8 -9.8 2.6 4.9 22.2 13.5 28.5 21.9 17

 18 Net increase in pension entitlements (liabilities) 103.9 130.0 96.7 -36.9 188.5 184.0 94.1 171.8 156.5 132.5 18

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
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28 Historical Annuals, 2005-2014, September 18, 2015

F.119 Federal Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets (1) 97.8 95.3 95.4 96.5 93.7 102.1 113.0 102.1 107.6 112.8 1

 2 Debt securities 48.0 44.5 45.9 87.3 69.3 76.6 96.3 55.8 107.9 85.9 2

 3 Treasury securities (2) 47.6 44.3 44.6 88.0 69.4 75.8 94.2 52.5 110.9 86.9 3

 4 Agency- and GSE-backed securities 0.0 -0.2 -0.2 -0.2 0.0 0.6 0.7 1.5 -1.7 -0.5 4

 5 Corporate and foreign bonds 0.4 0.5 1.5 -0.5 -0.0 0.2 1.4 1.7 -1.3 -0.4 5

 6 Corporate equities 6.7 5.9 1.9 -8.4 8.8 5.4 -4.2 -4.1 9.1 4.0 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 22.8 7

 8 Pension entitlements (liabilities) (4) 97.8 95.3 95.4 96.5 93.7 102.1 113.0 102.1 107.6 112.8 8

 Memo:

 Net acquisition of financial assets (5)

 9 Defined benefit plans 82.2 79.5 79.8 79.5 75.5 84.2 90.0 87.5 88.7 90.1 9

 10 Defined contibution plans 15.6 15.8 15.7 16.9 18.2 18.0 23.0 14.5 19.0 22.6 10

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

(2) Includes marketable and nonmarketable Treasury securities.

(3) Unfunded defined benefit pension entitlements and suspended investments in the Thrift Savings Plan G Fund by the Treasury.

(4) 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.

(5) Additional detail on defined benefit plans and defined contribution plans is available on tables F.119.b and F.119.c.
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Historical Annuals, 2005-2014, September 18, 2015 29

F.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets (2) 82.2 79.5 79.8 79.5 75.5 84.2 90.0 87.5 88.7 90.1 1

 2 Debt securities 40.0 35.8 33.8 62.6 61.2 64.9 71.1 40.4 98.2 68.5 2

 3 Treasury securities (3) 39.8 35.9 33.2 63.7 62.3 65.4 70.4 40.1 98.2 68.7 3

 4 Agency- and GSE-backed securities -0.1 -0.4 -0.6 -0.4 -0.7 -0.2 -0.2 -0.2 -0.0 -0.2 4

 5 Corporate and foreign bonds 0.3 0.4 1.2 -0.7 -0.5 -0.3 0.8 0.4 0.1 -0.1 5

 6 Corporate equities -0.9 -1.2 -1.8 -0.7 -1.2 -0.9 -1.9 -2.0 -1.5 -1.2 6

 7 Claims of pension fund on sponsor (misc. assets) (4) 43.1 44.9 47.7 17.6 15.6 20.2 20.8 49.2 -8.1 22.8 7

 8 Pension entitlements (liabilities) (5) 82.2 79.5 79.8 79.5 75.5 84.2 90.0 87.5 88.7 90.1 8

(1) Includes civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, foreign service retirement and

 disability fund, and the National Railroad Investment Trust.

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

(3) Includes both marketable and nonmarketable government securities.

(4) Unfunded defined benefit pension entitlements.

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

F.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets 15.6 15.8 15.7 16.9 18.2 18.0 23.0 14.5 19.0 22.6 1

 2 Debt securities 8.1 8.7 12.1 24.6 8.2 11.6 25.2 15.4 9.6 17.4 2

 3 Treasury securities (2) 7.8 8.4 11.4 24.3 7.0 10.4 23.7 12.4 12.7 18.2 3

 4 Agency- and GSE-backed securities 0.1 0.2 0.5 0.2 0.7 0.8 0.9 1.7 -1.7 -0.4 4

 5 Corporate and foreign bonds 0.1 0.1 0.3 0.1 0.4 0.5 0.6 1.3 -1.4 -0.4 5

 6 Corporate equities 7.6 7.1 3.6 -7.7 10.1 6.3 -2.3 -2.1 10.6 5.2 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 -1.2 0.0 7

 8 Pension entitlements (liabilities) 15.6 15.8 15.7 16.9 18.2 18.0 23.0 14.5 19.0 22.6 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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30 Historical Annuals, 2005-2014, September 18, 2015

F.120 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 1

 2 Fixed nonresidential investment 0.2 0.2 0.3 0.2 0.1 0.1 0.1 0.3 0.3 0.4 2

 3 Net acquisition of financial assets (1) 211.3 221.3 235.7 179.7 230.8 244.1 202.2 206.9 207.1 223.6 3

 4 Checkable deposits and currency -6.7 -2.8 0.4 0.2 -0.5 0.5 0.4 0.1 0.0 0.7 4

 5 Time and savings deposits 9.5 8.2 3.4 1.8 0.1 5.0 1.9 -3.1 2.5 4.5 5

 6 Money market fund shares 16.2 11.2 0.5 -4.0 -3.9 2.1 0.8 -3.7 3.4 5.8 6

 7 Security repurchase agreements -8.9 -3.9 0.2 -0.1 -0.2 0.3 0.1 -0.3 0.2 0.4 7

 8 Debt securities 33.0 80.2 35.2 -11.3 -86.8 26.4 6.5 -0.8 87.3 44.9 8

 9 Open market paper -3.5 0.6 1.4 1.3 -1.6 4.1 1.8 -3.7 3.0 4.9 9

 10 Treasury securities 4.1 -3.0 -8.4 -10.2 20.7 11.1 9.4 12.4 12.2 -11.9 10

 11 Agency- and GSE-backed securities -51.0 8.1 -3.0 -25.1 -5.3 2.3 -27.4 -25.2 2.6 -4.4 11

 12 Municipal securities -0.8 -0.0 -0.2 -0.1 0.1 0.8 -0.6 0.2 1.3 1.1 12

 13 Corporate and foreign bonds 84.3 74.5 45.4 22.8 -100.8 8.1 23.2 15.5 68.2 55.3 13

 14 Loans (mortgages) -1.6 1.9 2.0 -2.8 -2.6 -0.3 -0.6 -1.0 -0.5 -0.3 14

 15 Corporate equities 50.7 -9.7 59.0 101.2 1.6 -72.1 -62.8 -77.2 -168.4 -94.8 15

 16 Mutual fund shares -7.3 -8.8 -21.5 -36.1 -3.5 4.0 -51.3 -11.3 35.9 17.7 16

 17 Miscellaneous assets 126.3 145.1 156.6 130.9 326.5 278.1 307.2 304.2 246.7 244.5 17

 18 Unallocated insurance contracts (2) 9.7 14.3 11.1 -36.8 23.4 13.6 -10.7 -4.8 -8.1 5.3 18

 19 Claims of pension fund on sponsor (3) 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 237.1 19

 20 Other 43.8 28.1 2.2 -17.6 -10.7 15.4 1.6 -3.2 10.4 2.1 20

 21 Pension entitlements (liabilities) (4) 211.4 221.4 235.9 179.7 230.7 244.0 202.1 207.0 207.3 223.9 21

 Net acquisition of financial assets (5)

 22 Defined benefit plans 183.0 190.7 201.4 209.5 216.0 220.7 215.2 211.7 207.0 200.2 22

 23 Defined contibution plans 28.3 30.5 34.4 -29.8 14.8 23.3 -13.0 -4.8 0.1 23.4 23

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

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

(3) Unfunded defined benefit pension entitlements.

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

(5) Additional detail on defined benefit plans and defined contribution plans is available on tables F.120.b and F.120.c.
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Historical Annuals, 2005-2014, September 18, 2015 31

F.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets (1) 183.0 190.7 201.4 209.5 216.0 220.7 215.2 211.7 207.0 200.2 1

 2 Checkable deposits and currency -6.8 -2.8 0.3 -0.0 -0.1 0.5 0.2 -0.3 0.3 0.6 2

 3 Time and savings deposits 9.2 8.5 3.1 1.1 0.4 5.5 2.3 -2.8 2.2 4.7 3

 4 Money market fund shares 16.2 11.2 0.5 -4.0 -3.9 2.1 0.4 -3.3 2.6 5.7 4

 5 Security repurchase agreements -8.9 -3.9 0.2 -0.1 -0.2 0.3 0.1 -0.3 0.2 0.4 5

 6 Debt securities 31.6 79.9 33.6 -16.7 -89.2 23.2 4.7 -2.3 89.9 44.9 6

 7 Open market paper -5.2 1.3 2.9 0.4 -0.2 5.3 2.1 -3.0 2.4 5.2 7

 8 Treasury securities 3.8 -2.7 -9.6 -12.6 17.8 8.3 7.1 12.0 15.4 -11.3 8

 9 Agency- and GSE-backed securities -49.2 7.6 -4.3 -28.3 -4.7 2.5 -26.5 -24.8 2.9 -4.2 9

 10 Municipal securities -0.9 -0.0 -0.2 -0.1 0.1 0.7 -0.6 -0.0 0.9 1.0 10

 11 Corporate and foreign bonds 83.1 73.8 44.7 23.9 -102.2 6.5 22.6 13.5 68.3 54.2 11

 12 Loans (mortgages) -1.6 1.9 2.0 -2.8 -2.6 -0.3 -0.6 -1.0 -0.5 -0.3 12

 13 Corporate equities 39.1 -22.4 45.6 106.3 18.0 -74.1 -64.8 -75.4 -179.0 -108.8 13

 14 Mutual fund shares -12.5 -12.4 -29.3 -42.0 -9.8 -0.9 -45.0 -12.0 37.4 14.3 14

 15 Miscellaneous assets 116.6 130.7 145.4 167.7 303.4 264.4 317.9 309.0 254.0 238.7 15

 16 Claims of pension fund on sponsor (2) 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 237.1 16

 17 Other 43.8 28.1 2.1 -17.7 -10.4 15.3 1.6 -3.1 9.5 1.6 17

 18 Pension entitlements (liabilities) (3) 183.1 190.8 201.6 209.5 215.9 220.7 215.2 211.8 207.2 200.4 18

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

(2) Unfunded defined benefit pension entitlements.

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

F.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets 28.3 30.5 34.4 -29.8 14.8 23.3 -13.0 -4.8 0.1 23.4 1

 2 Checkable deposits and currency 0.0 -0.0 0.1 0.2 -0.4 0.0 0.2 0.4 -0.2 0.2 2

 3 Time and savings deposits 0.3 -0.2 0.2 0.7 -0.3 -0.5 -0.4 -0.3 0.3 -0.2 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -0.4 0.7 0.1 4

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

 6 Debt securities 1.4 0.3 1.6 5.3 2.4 3.2 1.8 1.4 -2.6 0.1 6

 7 Open market paper 1.7 -0.7 -1.6 0.9 -1.4 -1.2 -0.3 -0.6 0.6 -0.2 7

 8 Treasury securities 0.3 -0.4 1.2 2.5 2.9 2.9 2.3 0.3 -3.2 -0.6 8

 9 Agency- and GSE-backed securities -1.8 0.6 1.3 3.2 -0.5 -0.2 -0.9 -0.5 -0.3 -0.3 9

 10 Municipal securities 0.1 0.0 0.0 0.0 0.0 0.1 0.0 0.2 0.3 0.1 10

 11 Corporate and foreign bonds 1.2 0.7 0.7 -1.1 1.4 1.6 0.6 2.0 -0.1 1.1 11

 12 Corporate equities 11.6 12.6 13.4 -5.0 -16.4 2.0 1.9 -1.8 10.6 14.0 12

 13 Mutual fund shares 5.3 3.5 7.8 5.8 6.3 4.9 -6.3 0.7 -1.5 3.4 13

 14 Miscellaneous assets 9.7 14.3 11.2 -36.8 23.1 13.7 -10.7 -4.9 -7.3 5.9 14

 15 Unallocated insurance contracts (2) 9.7 14.3 11.1 -36.8 23.4 13.6 -10.7 -4.8 -8.1 5.3 15

 16 Other 0.0 0.0 0.1 0.0 -0.4 0.1 -0.0 -0.0 0.8 0.6 16

 17 Pension entitlements (liabilities) 28.3 30.5 34.4 -29.8 14.8 23.3 -13.0 -4.8 0.1 23.4 17

(1) Includes 403(b) and 457 type plans.

(2) Assets held at life insurance companies.
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32 Historical Annuals, 2005-2014, September 18, 2015

F.121 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 28.9 9.6 1

 2 Foreign deposits 7.7 -10.0 34.4 -14.6 11.6 8.7 -62.9 0.4 -9.6 -9.6 2

 3 Checkable deposits and currency -1.7 7.5 -4.7 5.6 10.5 -3.7 5.8 -3.6 -3.2 -17.6 3

 4 Time and savings deposits 14.0 28.0 74.7 102.7 169.9 -107.7 -56.3 32.8 59.4 20.7 4

 5 Security repurchase agreements 111.8 49.2 211.1 -63.5 -62.4 -0.6 11.1 54.2 -51.3 151.2 5

 6 Debt securities 2.3 221.6 391.8 727.9 -619.9 -396.6 -9.8 -82.7 30.8 -120.8 6

 7 Open market paper 84.4 111.4 73.7 -56.1 -108.0 -116.3 -40.0 -13.3 11.2 -18.5 7

 8 Treasury securities -14.2 -5.9 95.5 399.5 -171.3 -71.0 107.9 14.5 30.2 -75.3 8

 9 Agency- and GSE-backed securities -107.9 -28.2 102.0 520.3 -213.1 -140.2 0.9 -60.2 17.7 23.4 9

 10 Municipal securities 26.7 42.9 104.6 12.9 -69.4 -53.4 -29.4 -20.6 -28.3 -26.7 10

 11 Corporate and foreign bonds 13.4 101.3 15.9 -148.8 -58.1 -15.7 -49.1 -3.0 -0.0 -23.8 11

 12 Miscellaneous assets -8.9 6.8 29.4 -33.9 -8.3 -3.4 -0.8 6.1 2.8 -14.3 12

 13 Net share issues (liabilities) 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 28.9 9.6 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.116).

F.122 Mutual Funds (1)

Billions of dollars

 1 Gross saving -38.4 -47.2 -58.3 -52.7 -40.7 -24.9 -35.7 -41.5 -57.0 -53.4 1

 2 Net acquisition of financial assets 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 624.9 638.4 595.2 2

 3 Security repurchase agreements 2.8 17.4 -0.6 -7.4 28.6 -15.8 -28.8 54.1 92.9 46.3 3

 4 Debt securities 113.5 175.1 231.9 20.0 385.8 354.4 340.5 629.8 324.5 467.4 4

 5 Open market paper 2.9 17.4 -0.4 -62.5 28.6 -13.9 -26.3 27.6 27.7 15.3 5

 6 Treasury securities 13.0 0.7 2.9 18.5 74.0 123.9 65.9 122.1 55.0 -13.5 6

 7 Agency- and GSE-backed securities 14.4 20.0 79.6 -23.4 50.0 75.5 114.9 88.0 -24.0 102.8 7

 8 Municipal securities 17.4 32.7 27.7 17.7 89.4 46.7 15.7 86.2 -13.5 43.8 8

 9 Corporate and foreign bonds 65.9 104.3 122.1 69.7 143.8 122.3 170.3 306.0 279.3 318.9 9

 10 Loans (other loans and advances) 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 12.2 39.4 9.4 10

 11 Corporate equities 129.6 131.3 91.3 -38.1 86.5 44.3 4.9 -38.1 162.5 76.3 11

 12 Miscellaneous assets 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 -33.1 19.1 -4.3 12

 13 Net share issues (liabilities) 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 624.9 638.4 595.2 13

 14 Discrepancy -38.4 -47.2 -58.3 -52.7 -40.7 -24.9 -35.7 -41.5 -57.0 -53.4 14

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.116).

F.123 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets 20.5 8.5 18.4 -61.9 7.1 0.5 -2.9 2.7 -2.6 -10.7 1

 2 Debt securities 2.2 6.1 -0.4 -40.5 10.5 5.2 -1.7 11.3 13.6 -3.8 2

 3 Treasury securities 0.3 0.2 -1.7 -2.4 1.2 0.7 -0.3 0.3 0.6 -0.2 3

 4 Municipal securities 0.2 0.0 1.9 -13.3 3.3 0.4 0.9 3.5 -1.6 0.5 4

 5 Corporate and foreign bonds 1.7 5.8 -0.5 -24.8 6.0 4.1 -2.3 7.5 14.6 -4.0 5

 6 Corporate equities 18.3 2.4 18.8 -21.3 -3.4 -4.7 -1.2 -8.5 -16.1 -6.9 6

 7 Net share issues (liabilities) 20.5 8.5 18.4 -61.9 7.1 0.5 -2.9 2.7 -2.6 -10.7 7

 Exchange-traded funds

 8 Net acquisition of financial assets 56.7 74.0 150.6 177.2 116.5 118.0 117.6 185.2 179.0 239.2 8

 9 Debt securities 6.8 5.7 13.4 23.0 46.0 29.7 46.1 52.3 12.2 51.0 9

 10 Treasury securities 4.8 3.4 6.6 7.4 14.7 9.2 11.4 1.2 -6.5 13.0 10

 11 Municipal securities 0.0 0.0 0.6 1.7 3.6 1.7 1.0 3.6 -0.8 3.2 11

 12 Corporate and foreign bonds 1.9 2.4 6.2 13.9 27.6 18.7 33.6 47.6 19.5 34.8 12

 13 Corporate equities 50.0 68.3 137.3 154.2 70.5 88.3 71.6 132.9 166.8 188.2 13

 14 Net share issues (liabilities) 56.7 74.0 150.6 177.2 116.5 118.0 117.6 185.2 179.0 239.2 14
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Historical Annuals, 2005-2014, September 18, 2015 33

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 4.2 4.1 4.7 6.7 9.6 10.5 8.8 8.4 8.4 7.4 1

 2 Fixed nonresidential investment 0.8 0.9 1.4 1.8 1.1 3.7 3.4 3.6 4.2 3.5 2

 3 Net acquisition of financial assets -63.7 53.1 300.6 233.5 -360.8 -274.1 -205.7 -176.0 104.4 50.2 3

 4 Checkable deposits and currency -24.5 1.8 -2.7 39.7 11.1 -36.0 9.3 -20.1 29.0 -16.6 4

 5 Time and savings deposits 12.1 -1.5 12.8 21.9 -42.8 0.3 -12.7 -9.1 1.1 -2.1 5

 6 Federal funds and security repos 13.9 9.3 24.5 -28.3 7.5 20.7 -38.9 38.6 1.5 10.3 6

 7 Debt securities -81.3 -4.9 -34.6 142.6 -55.4 -72.7 -38.5 -136.7 -94.5 -19.0 7

 8 Open market paper 8.0 18.5 -4.7 14.1 3.0 0.2 -3.4 -3.1 1.0 1.5 8

 9 Treasury securities 0.2 1.2 1.3 1.2 19.9 45.9 17.6 -31.2 -9.9 5.2 9

 10 Agency- and GSE-backed securities -135.4 -37.1 -11.1 207.0 -27.4 -85.1 -18.1 -48.3 -22.7 7.8 10

 11 Municipal securities -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 -3.9 -4.1 -3.5 -2.6 11

 12 Corporate and foreign bonds 50.9 16.1 -17.4 -77.7 -48.6 -29.6 -30.8 -50.0 -59.4 -30.8 12

 13 Loans 12.2 51.5 273.6 100.3 -282.4 -215.7 -124.7 -52.8 154.4 88.5 13

 14 Other loans and advances 52.4 33.1 237.7 38.1 -284.8 -144.7 -64.2 18.6 81.9 84.3 14

 15 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Farm Credit System 8.1 11.9 11.9 4.8 -0.2 7.2 -3.5 8.3 2.9 11.2 16

 17 FHLB loans 44.4 21.2 225.8 33.3 -284.6 -151.9 -60.7 10.3 79.0 73.1 17

 18 Mortgages -40.2 18.4 35.9 62.2 2.4 -71.0 -60.5 -71.4 72.5 4.3 18

 19 Home -54.7 3.7 -9.7 8.8 -23.2 -76.4 -66.5 -82.9 89.5 2.5 19

 20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -192.7 -72.5 -44.9 148.0 28.1 20

 21 Other -54.7 3.7 -9.7 8.8 -23.2 116.3 5.9 -38.0 -58.5 -25.5 21

 22 Multifamily residential 10.5 12.4 42.3 42.5 14.2 2.0 2.8 6.2 -21.9 -2.7 22

 23 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 25.3 24.5 27.5 18.9 17.8 23

 24 Other 10.5 12.4 42.3 42.5 14.2 -23.3 -21.7 -21.3 -40.8 -20.5 24

 25 Farm 4.0 2.2 3.3 10.9 11.4 3.4 3.3 5.3 5.0 4.4 25

 26 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Miscellaneous assets 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 4.1 13.1 -11.0 27

 28 Net increase in liabilities -81.7 48.3 322.9 326.0 -360.2 -237.8 -208.1 -146.6 100.5 71.2 28

 29 Federal funds and security repos -1.9 -0.4 -0.6 -1.0 -0.1 0.1 -0.9 -0.4 0.0 0.1 29

 30 Debt securities (GSE issues) (4) -84.0 35.6 279.7 261.3 -518.4 -233.8 -187.2 -154.6 107.5 75.3 30

 31 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -167.4 -48.0 -17.4 166.8 45.9 31

 32 Other -84.0 35.6 279.7 261.3 -518.4 -66.4 -139.2 -137.2 -59.3 29.4 32

 33 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Corporate equities 4.2 1.1 25.5 27.6 96.0 38.1 29.2 14.5 2.4 -0.5 34

 35 Miscellaneous liabilities 0.0 12.0 18.4 38.1 62.3 -42.2 -49.2 -6.1 -9.4 -3.6 35

 36 Discrepancy -14.7 -1.5 25.6 97.3 9.1 43.0 3.0 34.2 0.3 24.9 36

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

 Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (F.125) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (F.124).

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

(3) Sallie Mae student loans.

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

F.125 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 164.5 292.6 626.0 507.4 458.3 186.9 165.3 132.2 132.4 75.3 1

 2 Home mortgages 169.0 302.8 625.4 502.6 445.6 175.8 148.0 105.0 98.8 51.1 2

 3 Multifamily residential mortgages -4.5 -12.5 -0.7 4.6 13.0 11.3 19.4 27.0 33.7 24.3 3

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

 5 Farm mortgages -0.1 2.3 1.4 0.1 -0.2 -0.2 -2.1 0.3 -0.2 -0.1 5

 6 Net increase in pool securities (liabilities)(2) 164.5 292.6 626.0 507.4 458.3 186.9 165.3 132.2 132.4 75.3 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 (F.125) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (table F.124). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed CMOs

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

(2) Such issues are classified as agency- and GSE-backed securities.
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34 Historical Annuals, 2005-2014, September 18, 2015

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 0.8 0.7 0.6 0.5 0.4 0.3 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 732.2 797.3 371.1 -331.8 -613.7 -413.6 -174.2 -145.1 -233.5 -72.3 3

 4 Debt securities -21.0 55.9 42.8 -39.6 -242.5 -109.8 -14.2 -5.8 0.8 -2.4 4

 5 Treasury securities 19.7 33.4 24.7 -13.6 -18.3 -13.8 -10.9 -5.8 1.0 -2.4 5

 6 Agency- and GSE-backed securities (1) -40.7 22.6 18.1 -26.0 -224.2 -96.0 -3.3 -0.0 -0.2 0.0 6

 7 Loans 756.1 732.8 324.9 -276.1 -337.0 -294.4 -155.8 -132.8 -228.8 -65.6 7

 8 Other loans and advances 20.2 65.0 88.6 37.9 -51.1 -38.9 -5.4 -0.6 -11.5 9.1 8

 9 Mortgages (2) 697.5 631.6 203.6 -271.7 -248.1 -213.3 -146.2 -136.0 -216.4 -75.3 9

 10 Home 590.2 523.6 60.3 -232.0 -202.1 -160.8 -120.9 -106.7 -81.8 -61.4 10

 11 Multifamily residential 16.2 13.0 21.4 -10.8 -6.1 -8.6 -7.7 -9.6 -5.9 -1.9 11

 12 Commercial 91.1 95.0 121.8 -28.9 -39.9 -43.9 -17.6 -19.7 -128.7 -12.0 12

 13 Consumer credit 38.4 36.2 32.8 -42.3 -37.8 -42.3 -4.1 3.8 -0.8 0.6 13

 14 Trade credit -2.8 8.5 3.4 -16.1 -34.3 -9.5 -4.2 -6.4 -5.4 -4.4 14

 15 Net increase in liabilities 731.6 796.7 370.6 -332.2 -614.1 -413.9 -174.2 -145.1 -233.5 -72.3 15

 16 Commercial paper 148.3 162.9 -194.2 -83.9 -266.2 -40.3 -24.1 -9.0 -7.1 -15.1 16

 17 Corporate bonds (net) (3) 583.3 633.8 564.8 -248.4 -347.9 -373.6 -150.1 -136.0 -226.4 -57.2 17

 18 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 Memo:

 Securitized assets not included above

 19 Consumer leases (4) -0.6 -0.5 -0.5 -0.4 -0.4 -0.2 0.0 0.0 0.0 0.0 19

 20 REIT assets (5) 17.3 2.8 -17.9 -46.7 -26.8 -0.5 -3.8 1.3 139.6 11.3 20

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

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

(3) Net issuance less net acquisition of corporate bonds held as assets.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(5) Included in table F.128.
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Historical Annuals, 2005-2014, September 18, 2015 35

F.127 Finance Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 65.7 67.7 74.8 93.3 96.8 69.9 102.6 106.6 0.5 97.8 1

 2 Fixed nonresidential investment 64.8 67.0 70.9 49.8 19.5 39.6 51.2 66.3 78.8 86.9 2

 3 Net acquisition of financial assets 99.0 34.3 20.7 -56.7 -184.4 -212.8 -17.8 -69.6 -20.4 28.9 3

 4 Checkable deposits and currency -8.9 -1.6 0.4 0.3 0.5 -1.7 5.1 -3.8 4.2 -0.2 4

 5 Time and savings deposits -9.1 -4.8 1.2 0.8 1.6 -5.2 15.4 -11.5 12.7 -0.5 5

 6 Debt securities (corporate and foreign bonds) -52.5 -18.7 4.5 3.0 6.3 -19.8 0.9 -6.3 -10.8 6.0 6

 7 Loans 117.2 94.0 24.2 -63.7 -219.4 -91.7 -45.3 -22.3 -8.2 6.4 7

 8 Other loans and advances 27.6 18.9 24.9 16.9 -91.0 -15.2 3.0 11.2 14.4 10.1 8

 9 Mortgages 65.4 52.9 -43.7 -64.2 -47.8 -54.2 -30.9 -25.7 -21.9 -8.7 9

 10 Consumer credit 24.2 22.3 43.0 -16.5 -80.6 -22.2 -17.4 -7.8 -0.6 5.0 10

 11 U.S. direct investment abroad 4.5 8.0 26.4 24.2 11.0 6.8 12.0 8.5 -1.4 7.9 11

 12 Miscellaneous assets 47.7 -42.5 -36.1 -21.2 15.6 -101.2 -5.9 -34.2 -16.9 9.3 12

 13 Net increase in liabilities 63.5 48.5 26.5 -69.1 -250.2 -233.1 -26.0 -82.1 -21.6 14.1 13

 14 Debt securities 28.3 47.7 -17.9 -72.3 -125.8 -110.0 -29.4 -73.2 -5.9 18.4 14

 15 Open market paper -15.3 5.3 -15.1 -22.6 -38.8 1.7 10.0 8.2 -10.3 -1.1 15

 16 Corporate bonds 43.6 42.4 -2.8 -49.6 -87.0 -111.7 -39.4 -81.3 4.4 19.4 16

 17 Loans 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16.4 10.1 10.5 17

 18 Depository institution loans n.e.c. 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16.4 10.1 10.5 18

 19 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Taxes payable 1.9 0.0 -1.5 -0.1 -2.8 0.3 0.5 0.2 0.1 0.3 20

 21 Foreign direct investment in U.S. 6.3 5.2 -5.6 12.2 12.8 13.2 6.1 -3.3 2.3 3.3 21

 22 Miscellaneous liabilities 21.9 8.4 -1.3 -1.9 -104.1 -71.7 -19.1 -22.3 -28.2 -18.5 22

 23 Investment by parent 25.5 26.2 -13.4 -8.4 -32.6 -12.8 -12.0 -0.9 -1.0 1.0 23

 24 Other -3.7 -17.8 12.0 6.5 -71.5 -58.8 -7.1 -21.4 -27.1 -19.4 24

 25 Discrepancy -34.5 14.9 9.7 31.1 11.5 9.9 43.2 27.8 -79.5 -3.9 25

 Memo:

 26 Consumer leases not included above (2) 11.2 20.6 16.9 -11.8 -25.7 -16.5 7.9 24.3 23.3 21.6 26

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

(2) See footnote (4), table F.126.
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36 Historical Annuals, 2005-2014, September 18, 2015

F.128 Real Estate Investment Trusts (REITs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving -19.7 -11.6 -19.7 -13.8 6.5 -4.8 -7.3 -9.5 -21.6 -14.8 1

 2 Fixed nonresidential investment 10.2 7.1 11.7 11.0 7.8 5.8 4.9 6.0 6.9 8.1 2

 3 Multifamily residential investment 2.5 3.5 -9.3 0.1 0.7 4.0 6.5 5.3 14.7 7.4 3

 4 Net acquisition of financial assets 54.2 38.7 -25.9 -67.6 12.4 39.7 131.2 161.0 50.1 64.8 4

 5 Checkable deposits and currency 1.4 4.9 -1.8 1.8 12.4 -5.7 2.5 7.7 -1.3 4.1 5

 6 Debt securities 12.9 36.4 -6.7 -22.0 19.9 45.4 108.5 119.0 -95.8 11.2 6

 7 Agency- and GSE-backed securities -4.0 24.8 23.5 0.7 15.6 38.2 104.7 109.5 -95.6 7.8 7

 8 Corporate and foreign bonds 17.0 11.6 -30.2 -22.8 4.3 7.2 3.8 9.5 -0.2 3.3 8

 9 Loans (mortgages) 28.3 -10.4 -13.1 -46.5 -30.2 -1.3 11.7 8.6 135.0 32.7 9

 10 Home 24.8 -23.8 -23.4 -46.1 -25.2 0.2 11.0 6.9 -3.3 13.9 10

 11 Multifamily residential 0.3 3.1 0.2 -0.9 -2.0 -0.3 -0.2 0.1 0.5 1.8 11

 12 Commercial 3.2 10.3 10.1 0.4 -2.9 -1.2 0.9 1.5 137.7 17.0 12

 13 Miscellaneous assets 11.6 7.8 -4.4 -0.8 10.2 1.3 8.5 25.8 12.2 16.9 13

 14 Net increase in liabilities 89.2 59.8 25.7 -56.1 2.5 62.3 168.0 211.0 136.4 126.8 14

 15 Security repurchase agreements 13.2 14.4 -6.2 -12.3 11.1 29.9 97.7 102.4 -66.6 7.3 15

 16 Debt securities 32.8 13.9 0.7 -60.3 -26.6 1.0 7.6 26.7 173.6 53.2 16

 17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Corporate bonds 32.8 13.9 0.7 -60.3 -26.6 1.0 7.6 26.7 173.6 53.2 18

 19 Loans 22.5 1.6 9.5 6.5 -0.9 -0.9 18.1 8.8 4.8 21.8 19

 20 Depository institution loans n.e.c. 8.4 -5.0 4.8 -0.3 -12.7 -1.8 4.6 4.0 -2.9 8.0 20

 21 Mortgages 14.1 6.6 4.7 6.8 11.8 0.8 13.5 4.8 7.8 13.8 21

 22 Corporate equity issues 16.1 22.2 17.1 12.8 24.2 28.2 37.5 47.6 46.2 32.7 22

 23 Miscellaneous liabilities 4.5 7.7 4.6 -2.7 -5.3 4.1 7.1 25.4 -21.7 11.8 23

 24 Discrepancy 2.6 -1.1 29.6 -13.4 -11.9 7.9 18.1 29.2 43.1 31.7 24

 Memo:

 25 Securitized assets included above 17.3 2.8 -17.9 -46.7 -26.8 -0.5 -3.8 1.3 139.6 11.3 25

 26 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 26

 27 Home mortgages 15.7 -9.8 -20.2 -40.6 -25.7 1.1 -0.7 3.7 4.0 1.5 27

 28 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 28

 29 Commercial mortgages 1.6 12.3 2.4 -6.1 -1.1 -1.6 -3.0 -2.4 135.6 9.8 29

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables F.128.e and F.128.m.
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Historical Annuals, 2005-2014, September 18, 2015 37

F.128.e Equity Real Estate Investment Trusts

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets 7.4 5.8 1.6 2.2 29.7 -0.8 8.1 14.1 13.3 25.2 1

 2 Checkable deposits and currency 0.6 4.1 -2.4 2.1 10.3 -4.1 -2.3 4.1 1.0 3.8 2

 3 Debt securities (corporate and foreign bonds) 1.1 -0.0 0.2 0.2 2.1 0.4 -0.6 -0.2 -1.8 2.2 3

 4 Loans (mortgages) 0.8 0.6 2.2 2.2 4.0 0.4 2.9 1.6 -0.1 4.0 4

 5 Home -0.0 0.0 -0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 5

 6 Multifamily residential 0.1 0.0 -0.1 0.2 -0.2 0.0 -0.0 0.1 -0.0 -0.1 6

 7 Commercial 0.7 0.5 2.3 2.0 4.2 0.3 2.9 1.5 -0.1 4.1 7

 8 Miscellaneous assets 4.9 1.2 1.5 -2.3 13.2 2.6 8.1 8.5 14.2 15.1 8

 9 Net increase in liabilities 28.3 8.4 28.2 2.3 2.9 -0.4 37.4 38.5 36.4 61.9 9

 10 Debt securities (corporate bonds) 7.8 1.0 12.6 -1.4 4.7 1.0 13.2 27.6 28.9 33.3 10

 11 Loans 19.5 3.2 11.2 9.3 1.9 -0.9 19.5 6.3 5.6 21.1 11

 12 Depository institution loans n.e.c. 5.4 -3.4 6.5 2.5 -9.8 -1.8 6.1 1.4 -2.2 7.4 12

 13 Mortgages 14.1 6.6 4.7 6.8 11.8 0.8 13.5 4.8 7.8 13.8 13

 14 Multifamily residential -0.1 0.3 -2.3 2.3 2.3 0.4 0.1 -1.1 3.3 1.0 14

 15 Commercial 14.2 6.3 7.0 4.5 9.5 0.4 13.3 6.0 4.5 12.7 15

 16 Miscellaneous liabilities 1.0 4.2 4.3 -5.5 -3.8 -0.5 4.6 4.6 1.9 7.6 16

F.128.m Mortgage Real Estate Investment Trusts

Billions of dollars

 1 Net acquisition of financial assets 46.8 32.9 -27.5 -69.8 -17.3 40.5 123.1 146.9 36.8 39.6 1

 2 Checkable deposits and currency 0.8 0.7 0.6 -0.3 2.1 -1.6 4.8 3.6 -2.3 0.3 2

 3 Debt securities 11.8 36.5 -6.9 -22.3 17.8 45.0 109.1 119.2 -94.0 9.0 3

 4 Agency- and GSE-backed securities -4.0 24.8 23.5 0.7 15.6 38.2 104.7 109.5 -95.6 7.8 4

 5 Corporate and foreign bonds 15.9 11.7 -30.4 -23.0 2.2 6.8 4.4 9.7 1.6 1.2 5

 6 Loans (mortgages) 27.5 -10.9 -15.3 -48.8 -34.2 -1.7 8.8 6.9 135.1 28.6 6

 7 Home 24.8 -23.8 -23.3 -46.1 -25.3 0.1 10.9 6.8 -3.3 13.9 7

 8 Multifamily residential 0.2 3.1 0.3 -1.1 -1.8 -0.3 -0.2 0.1 0.5 1.9 8

 9 Commercial 2.5 9.8 7.8 -1.6 -7.1 -1.5 -1.9 -0.0 137.8 12.8 9

 10 Miscellaneous assets 6.7 6.6 -5.9 1.5 -3.0 -1.2 0.4 17.2 -2.0 1.7 10

 11 Net increase in liabilities 44.8 29.3 -19.5 -71.2 -24.6 34.4 93.1 124.9 53.8 32.2 11

 12 Security repurchase agreements 13.2 14.4 -6.2 -12.3 11.1 29.9 97.7 102.4 -66.6 7.3 12

 13 Debt securities 25.1 13.0 -11.9 -58.9 -31.4 -0.0 -5.7 -0.9 144.7 19.9 13

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

 15 Corporate bonds 25.1 13.0 -11.9 -58.9 -31.4 -0.0 -5.7 -0.9 144.7 19.9 15

 16 Loans (depository institution loans n.e.c.) 3.0 -1.6 -1.7 -2.8 -2.8 -0.0 -1.5 2.5 -0.8 0.7 16

 17 Miscellaneous liabilities 3.5 3.5 0.3 2.8 -1.5 4.6 2.5 20.9 -23.5 4.2 17

 Memo:

 18 Securitized assets included above 17.3 2.8 -17.9 -46.7 -26.8 -0.5 -3.8 1.3 139.6 11.3 18

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

 20 Home mortgages 15.7 -9.8 -20.2 -40.6 -25.7 1.1 -0.7 3.7 4.0 1.5 20

 21 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 21

 22 Commercial mortgages 1.6 12.3 2.4 -6.1 -1.1 -1.6 -3.0 -2.4 135.6 9.8 22
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38 Historical Annuals, 2005-2014, September 18, 2015

F.129 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 12.5 22.0 -22.3 -98.7 36.9 25.8 6.3 23.4 19.5 15.5 1

 2 Fixed nonresidential investment 14.4 17.7 24.3 20.3 23.6 17.9 16.1 13.2 14.4 15.2 2

 3 Net acquisition of financial assets 408.9 599.5 517.7 -1180.4 -236.3 234.4 29.1 173.7 -298.1 -153.7 3

 4 Checkable deposits and currency -6.4 24.0 24.5 15.1 -29.4 6.2 14.9 16.3 -16.5 0.0 4

 5 Security repurchase agreements 126.8 -15.2 167.4 -305.5 -103.3 243.4 154.6 55.1 -317.2 -168.2 5

 6 Debt securities 74.6 86.4 208.6 -88.8 -179.4 44.9 -1.3 103.9 -186.3 -89.2 6

 7 Open market paper 12.2 4.1 22.8 -21.4 -24.2 -5.3 5.9 -12.2 -1.3 -7.8 7

 8 Treasury securities -20.0 -2.5 -17.9 275.6 -67.6 -28.5 89.1 63.0 -110.5 -75.9 8

 9 Agency- and GSE-backed securities -6.3 37.1 177.1 -72.5 -131.8 38.9 -2.1 21.9 -55.4 7.7 9

 10 Municipal securities 10.9 8.0 -0.7 -11.4 -3.3 4.6 -9.1 -4.3 -8.0 0.2 10

 11 Corporate and foreign bonds 77.7 39.8 27.3 -259.0 47.5 35.2 -85.0 35.5 -11.1 -13.5 11

 12 Loans (other loans and advances) -23.9 79.4 44.6 -157.6 25.4 62.5 -32.4 50.1 46.3 38.5 12

 13 Corporate equities 20.1 -0.2 25.4 -28.5 -4.6 -18.5 -5.0 9.7 18.6 8.7 13

 14 U.S. direct investment abroad -5.7 15.6 24.4 13.3 12.5 8.7 4.9 7.3 11.7 7.2 14

 15 Miscellaneous assets 223.4 409.5 22.9 -628.4 42.4 -112.9 -106.6 -68.7 145.2 49.3 15

 16 Net increase in liabilities 400.7 570.6 560.9 -988.6 -305.9 220.4 69.4 126.5 -336.3 -166.1 16

 17 Security repurchase agreements 369.8 386.7 265.5 -865.4 -296.8 195.9 70.5 131.2 -439.3 -220.9 17

 18 Debt securities (corporate bonds) 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 -1.7 22.2 11.5 18

 19 Loans -4.5 88.2 220.4 -146.7 -89.0 29.8 31.9 32.8 68.9 65.4 19

 20 Depository institution loans n.e.c. (1) 7.2 11.1 4.0 32.8 -53.3 6.2 31.0 -9.2 10.4 12.0 20

 21 Other loans and advances -11.8 77.2 216.4 -179.6 -35.7 23.5 0.9 42.0 58.5 53.5 21

 22 Corporate equity issues 3.3 -7.6 32.3 120.2 -32.4 -11.1 14.1 -50.7 -31.0 -11.7 22

 23 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.8 -0.0 0.3 3.4 23

 24 Taxes payable -0.1 0.7 -0.6 0.3 3.2 -2.1 -1.1 0.5 0.6 0.3 24

 25 Foreign direct investment in U.S. -2.6 -5.1 9.0 55.8 2.1 13.2 18.2 15.4 6.2 3.7 25

 26 Miscellaneous liabilities 28.8 102.9 37.2 -171.9 61.7 9.0 -19.4 -7.7 41.3 -19.9 26

 27 Investment by parent companies 133.9 49.8 16.4 104.6 -166.8 -51.2 40.4 71.3 72.6 28.1 27

 28 Other -105.0 53.2 20.8 -276.6 228.6 60.2 -59.8 -79.0 -31.3 -48.0 28

 29 Proprietors’ net investment -1.2 -6.8 3.6 11.6 0.6 0.9 -2.9 6.7 -5.6 2.0 29

 30 Discrepancy -10.1 -24.5 -3.3 72.7 -56.3 -6.0 30.5 -37.0 -33.0 -12.2 30

(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).
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Historical Annuals, 2005-2014, September 18, 2015 39

F.130 Holding Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Gross saving 105.9 109.0 102.6 71.4 85.6 94.6 130.8 162.4 146.3 172.8 1

 2 Fixed nonresidential investment 20.6 20.1 26.6 35.1 35.9 31.9 37.0 41.1 39.4 41.9 2

 3 Net acquisition of financial assets 50.6 249.8 200.8 320.9 73.2 -11.0 68.7 -124.1 338.7 91.2 3

 4 Time and savings deposits -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 2.4 -0.3 1.5 -8.9 4

 5 Security repurchase agreements 6.4 1.0 -2.6 -6.6 19.8 2.1 0.2 -49.3 -2.8 -5.1 5

 6 Debt securities -6.9 6.2 22.5 11.9 -12.8 17.9 -0.9 -66.8 59.0 -0.2 6

 7 Treasury securities -0.9 1.4 4.6 -4.0 2.7 13.8 7.1 -30.6 8.5 -2.8 7

 8 Agency- and GSE-backed securities -2.3 -0.0 -1.3 15.9 -7.0 -3.2 12.0 -24.3 13.5 0.0 8

 9 Corporate and foreign bonds -3.7 4.9 19.2 -0.0 -8.4 7.3 -20.1 -11.9 37.0 2.6 9

 10 Loans (other loans and advances) 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 16.7 -2.8 -10.9 10

 11 Life insurance reserves 0.0 -0.4 5.3 -1.2 2.1 3.8 2.4 7.3 5.1 5.0 11

 12 Miscellaneous assets 48.8 245.8 175.6 314.9 71.3 -37.7 60.6 -31.8 278.8 111.2 12

 13 Net trans. with depository institution subs. 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 59.2 195.9 13

 14 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -6.8 -6.0 0.1 14

 15 Net trans. with life insurance company subs. 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 10.3 3.4 0.8 15

 16 Net trans. with finance company subs. -38.9 3.2 41.5 -7.3 -23.3 -39.5 -20.3 -3.5 -15.8 -13.1 16

 17 Net trans. with broker and dealer subs. 87.0 27.2 -57.5 98.2 -173.1 -24.3 -13.0 52.3 57.1 4.8 17

 18 Net trans. with foreign subs. 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 -16.9 -14.6 18

 19 Other -56.5 74.2 30.1 131.9 68.2 -40.1 -22.2 -133.7 197.8 -62.7 19

 20 Net increase in liabilities -25.1 166.9 128.2 247.7 33.5 -64.9 -49.3 -199.0 205.4 -39.8 20

 21 Security repurchase agreements 6.2 1.1 -2.5 -7.0 -0.2 0.2 0.4 -1.2 -0.0 -0.0 21

 22 Debt securities 48.2 68.7 129.4 84.0 -10.3 -42.6 -80.4 20.3 -13.2 8.0 22

 23 Commercial paper 4.0 20.9 35.0 -39.0 -18.1 3.9 11.1 6.2 -19.9 -19.6 23

 24 Corporate bonds 44.2 47.8 94.4 123.0 7.8 -46.5 -91.6 14.1 6.7 27.6 24

 25 Loans (depository institution loans n.e.c.) 1.9 6.4 22.5 13.3 2.3 26.1 64.0 -120.2 13.8 -16.3 25

 26 Corporate equity issues -20.0 -19.8 -28.0 321.4 68.6 19.8 2.9 0.6 -17.1 -0.3 26

 27 Miscellaneous liabilities -61.4 110.5 6.8 -164.0 -26.9 -68.5 -36.2 -98.6 222.0 -31.1 27

 28 Equity, etc. -26.4 16.6 -55.1 63.0 35.6 -22.4 6.9 -29.1 -0.1 -0.3 28

 29 Other -35.0 93.9 62.0 -227.0 -62.5 -46.1 -43.1 -69.5 222.1 -30.9 29

 30 Discrepancy 9.6 6.0 3.4 -36.8 10.0 8.8 -24.3 46.5 -26.4 -0.1 30

(1) Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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40 Historical Annuals, 2005-2014, September 18, 2015

F.131 Funding Corporations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net acquisition of financial assets 127.6 70.0 279.7 506.6 -506.9 -165.9 -154.4 -102.0 -58.9 23.2 1

 2 Money market fund shares -2.1 -32.4 317.9 253.6 -153.7 -148.0 -83.4 -62.4 -61.5 20.6 2

 3 Security repurchase agreements 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 -0.1 0.0 3

 4 Debt securities 58.2 67.8 -162.5 195.9 -301.4 40.7 -62.3 -40.2 -8.0 -1.9 4

 5 Open market paper 87.6 74.9 -226.1 119.3 -276.7 50.5 -5.0 -4.0 -16.8 -6.6 5

 6 Corporate and foreign bonds -29.4 -7.1 63.6 76.6 -24.7 -9.8 -57.3 -36.2 8.9 4.7 6

 7 Loans (other loans and advances) 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 -6.5 -2.3 1.5 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 0.0 0.0 8

 9 Miscellaneous assets 67.9 31.1 117.6 42.1 -67.2 -58.4 19.6 7.2 13.0 3.0 9

 10 Investment in foreign banking offices 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 -2.5 -20.3 10

 11 Investment in brokers and dealers 46.9 22.6 73.9 6.4 6.3 -26.9 53.4 19.0 15.5 23.3 11

 12 Net increase in liabilities 127.6 70.0 279.7 506.6 -506.9 -165.9 -154.4 -102.0 -58.9 23.2 12

 13 Debt securities 104.7 29.1 114.5 21.5 -87.2 -50.6 -1.2 4.4 27.7 26.5 13

 14 Open market paper 77.1 7.5 62.9 20.1 -125.1 -47.4 -72.7 -30.9 16.2 4.3 14

 15 Corporate bonds 27.6 21.6 51.5 1.4 37.9 -3.2 71.6 35.3 11.4 22.2 15

 16 Loans 0.0 0.0 0.0 444.9 -347.6 -14.8 -51.2 -28.3 -0.7 0.0 16

 17 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 -21.5 0.0 0.0 17

 18 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 7.2 0.7 -6.8 -0.7 0.0 18

 19 Corporate equities (5) 0.0 0.0 0.0 40.0 30.5 3.5 -18.4 -8.6 0.0 0.0 19

 20 Foreign direct investment in U.S. 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 20

 21 Miscellaneous liabilities 22.3 40.2 164.6 -0.4 -103.1 -104.6 -84.3 -70.0 -86.5 -3.9 21

 22 Securities loaned (net) 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -74.6 -79.2 94.0 47.1 22

 23 Equity interest under PPIP 0.0 0.0 0.0 0.0 2.4 7.9 1.4 0.1 0.0 0.0 23

 24 Other (net) -152.6 -262.4 166.7 352.8 -75.3 10.9 -11.1 9.1 -180.5 -51.0 24

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities, and funds associated with

 the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
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Historical Annuals, 2005-2014, September 18, 2015 41

F.132 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Foreign income from U.S. 2692.0 3078.5 3334.4 3482.0 2712.0 3115.5 3485.8 3582.1 3616.9 3742.5 1

 2 U.S. imports 2030.1 2247.3 2383.2 2565.0 1983.2 2365.0 2686.4 2763.8 2771.7 2871.9 2

 3 U.S. income payments to rest of world 483.2 656.6 750.1 684.9 497.8 514.1 546.0 563.9 575.8 591.2 3

 4 Curr. taxes and trans. payments to rest of world 178.7 174.6 201.2 232.0 231.0 236.4 253.4 254.3 269.5 279.4 4

 5 Foreign outlays to U.S. 1954.3 2276.3 2616.3 2790.3 2330.1 2669.6 3004.2 3113.9 3221.2 3341.3 5

 6 U.S. exports 1308.9 1476.3 1664.6 1841.9 1587.7 1852.3 2106.4 2198.2 2263.3 2341.9 6

 7 U.S. income receipts from rest of world 575.8 724.2 875.7 856.9 648.9 720.0 792.6 801.5 826.2 854.3 7

 8 Curr. taxes and trans. payments from rest of world 69.6 75.7 76.0 91.5 93.4 97.2 105.2 114.2 131.7 145.1 8

 9 - Net capital transfers paid (1) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.5 -0.8 -0.4 9

 10 Gross saving less net capital transfers paid (2) 724.9 804.1 718.5 686.2 382.5 446.6 483.2 461.6 396.6 401.6 10

 11 Gross investment 698.6 529.8 152.0 765.2 28.0 268.2 416.7 462.8 373.4 323.5 11

 12 Nonproduced nonfinancial assets 0.1 -0.1 0.5 -0.0 0.0 -0.0 -0.0 -0.1 0.0 -0.0 12

 13 Net lending (+) or net borrowing (-) 698.5 529.8 151.5 765.2 28.0 268.2 416.7 462.8 373.4 323.5 13

 14 Net acquisition of financial assets 1048.2 1479.7 1470.6 666.8 201.0 1087.5 1049.7 851.2 1155.8 1127.9 14

 15 Monetary gold (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 16

 17 Net interbank assets -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 312.2 30.6 17

 18 U.S. checkable deposits and currency 14.9 11.4 -5.4 64.0 -9.2 29.5 81.8 68.2 50.9 79.7 18

 19 U.S. time deposits 20.6 34.0 36.7 73.4 -73.3 4.9 47.3 38.0 52.5 47.0 19

 20 Money market fund shares 0.1 4.1 19.0 23.7 7.2 -7.1 4.6 22.6 11.3 5.2 20

 21 Security repurchase agreements 41.4 59.7 72.6 -629.7 -54.8 92.4 92.6 -6.9 35.3 105.4 21

 22 Debt securities 737.2 968.7 856.6 404.7 160.4 639.4 203.6 495.7 547.7 534.3 22

 23 Open market paper 20.8 54.9 16.5 -59.0 -48.4 -10.7 0.7 -0.1 -1.7 7.6 23

 24 Treasury securities 245.1 150.3 165.3 711.6 554.4 740.4 355.3 589.7 424.9 317.4 24

 25 Treasury bills -58.9 -11.4 49.4 455.3 -7.6 -40.2 -62.6 14.0 23.3 -13.3 25

 26 Other Treasury securities 304.1 161.7 115.9 256.3 562.0 780.5 417.9 575.8 401.6 330.7 26

 27 Agency- and GSE-backed securities 139.8 217.1 239.5 -231.9 -226.0 -66.6 -41.6 -73.6 -83.7 -5.2 27

 28 Municipal securities 3.0 5.4 10.7 5.9 7.7 13.1 0.6 -0.6 4.3 4.3 28

 29 U.S. corporate bonds (4) 328.5 541.0 424.6 -21.8 -127.3 -36.8 -111.5 -19.7 203.9 210.1 29

 30 Loans to U.S. corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -52.2 -4.2 50.1 30

 31 U.S. corporate equities 83.6 118.7 243.9 130.0 192.7 127.8 44.0 126.8 -58.7 101.8 31

 32 Mutual fund shares 5.6 22.7 12.7 -26.9 19.4 58.2 74.7 89.7 -20.0 48.1 32

 33 Trade receivables 11.6 5.7 20.6 6.7 6.3 18.6 17.1 11.6 12.3 14.3 33

 34 Foreign direct investment in U.S. (5) 112.6 243.2 221.2 310.1 150.4 205.9 236.1 193.8 216.6 111.6 34

 35 Net increase in liabilities 349.7 949.8 1319.0 -98.4 173.0 819.3 633.0 388.3 782.4 804.4 35

 36 U.S. official reserve assets -14.1 -2.4 0.1 4.8 52.3 1.8 15.9 4.5 -3.1 -3.6 36

 37 U.S. private deposits 21.9 180.5 294.5 -331.0 -43.9 71.6 -215.0 -147.5 26.7 -114.3 37

 38 Security repurchase agreements -7.1 55.9 123.2 -382.8 86.0 207.9 96.4 40.2 -84.0 26.4 38

 39 Debt securities 93.4 277.2 234.8 -211.9 236.6 124.7 128.2 159.0 202.8 108.8 39

 40 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 34.0 -22.6 40

 41 Bonds 54.8 178.9 304.1 -140.8 177.2 127.4 181.7 131.2 168.9 131.4 41

 42 Loans 10.5 9.5 26.1 13.6 -14.4 24.3 44.6 36.0 40.5 31.4 42

 43 Depository institution loans n.e.c. 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 39.1 28.6 43

 44 Other loans and advances -6.8 -7.4 -3.3 -1.5 0.5 0.3 1.4 5.6 1.4 2.8 44

 45 Foreign corporate equities (6) 186.7 137.3 147.8 -38.6 63.7 79.2 7.0 95.8 284.3 436.5 45

 46 Trade payables 1.3 3.5 10.7 -3.7 0.5 6.0 4.0 0.7 9.8 -6.8 46

 47 U.S. direct investment abroad (4,5) 36.2 244.9 414.0 329.1 310.4 301.1 419.1 339.7 328.6 336.9 47

 48 Miscellaneous liabilities 20.9 43.3 67.8 522.0 -518.3 2.7 132.9 -140.0 -23.3 -11.0 48

 49 U.S. equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 2.3 49

 50 Nonofficial foreign currencies 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 -8.6 1.3 50

 51 Investment by holding companies 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 -16.9 -14.6 51

 52 Discrepancy (FOF basis) 26.3 274.4 566.5 -79.0 354.4 178.4 66.5 -1.2 23.2 78.1 52

 Memo:

 53 Net U.S. exports, NIPA basis -721.2 -770.9 -718.5 -723.1 -395.4 -512.7 -580.0 -565.7 -508.4 -530.0 53

 54 + Net U.S. income receipts (7) 92.6 67.6 125.6 172.0 151.0 206.0 246.6 237.6 250.4 263.1 54

 55 - Curr. taxes and trans. payments to rest of world 178.7 174.6 201.2 232.0 231.0 236.4 253.4 254.3 269.5 279.4 55

 56 + Curr. taxes and trans. payments from rest of world 69.6 75.7 76.0 91.5 93.4 97.2 105.2 114.2 131.7 145.1 56

 57 = Balance on current account, NIPAs -737.7 -802.2 -718.1 -691.6 -381.9 -445.9 -481.5 -468.2 -395.8 -401.1 57

(1) Table F.5, line 64.

(2) Line 1 minus line 5 minus line 8; equals net lending (+) or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 54 with the sign reversed minus line 8.

(3) U.S. net sales, sign reversed.

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

(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
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42 Historical Annuals, 2005-2014, September 18, 2015

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 4.5 -3.1 -3.6 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 2

 3 Rest of the world -14.1 -2.4 0.1 4.8 52.3 1.8 15.9 4.5 -3.1 -3.6 3

 4 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 4

 5 Reserve position in IMF -10.2 -3.3 -1.0 3.5 3.4 1.3 18.1 4.0 -3.4 -3.8 5

 6 Other reserves 0.6 0.7 1.0 1.3 0.7 0.5 -0.5 0.4 0.3 0.2 6

 7 Net change in assets -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 4.5 -3.1 -3.6 7

 8 Federal government -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 -3.3 -3.8 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 9

 10 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 10

 11 Reserve position in IMF -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 -3.4 -3.9 11

 12 Other reserves 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 0.2 0.1 12

 13 Rest of the world 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 13

 14 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 0.0 15

 16 Monetary authority 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 0.2 0.2 0.2 16

 17 Monetary gold (2) -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Reserve position in IMF 0.0 -0.0 0.0 -0.0 0.0 0.0 -0.1 0.0 0.0 0.1 18

 19 Other reserves 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 0.2 0.1 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

F.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 3

 4 Asset: Monetary authority 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 0.6 0.7 0.8 4

 5 Discrepancy (seigniorage) 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 -0.6 -1.1 -1.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 21.9 180.5 294.5 -331.0 -43.9 71.6 -215.0 -147.5 26.7 -114.3 1

 Held by:

 2 Household sector 2.1 6.1 17.8 -17.8 -7.2 4.5 -9.9 -7.9 2.3 -6.4 2

 3 Nonfinancial corporate business 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 0.6 42.7 -6.7 3

 4 Money market mutual funds 7.7 -10.0 34.4 -14.6 11.6 8.7 -62.9 0.4 -9.6 -9.6 4

 5 Discrepancy--unallocated assets 2.2 198.6 241.4 -273.0 -55.1 49.2 -136.3 -140.5 -8.7 -91.6 5
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Historical Annuals, 2005-2014, September 18, 2015 43

F.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities -6.2 4.7 -50.1 1751.8 -536.9 -142.8 820.5 -194.5 1129.1 115.0 1

 2 Monetary authority 3.6 1.3 5.4 842.0 114.2 -11.1 602.3 -64.1 760.6 131.0 2

 3 U.S.-chartered depository institutions -16.3 93.7 100.3 684.2 -496.4 -201.3 -263.4 -114.2 191.0 54.2 3

 4 Foreign banking offices in U.S. -0.3 -89.1 -157.1 233.0 -152.2 30.7 504.6 -1.9 175.1 -70.2 4

 5 Banks in U.S.-affiliated areas 0.5 0.1 0.3 -0.6 -1.0 0.9 -1.2 -0.4 0.2 -0.6 5

 6 Credit unions 6.4 -1.4 1.0 -6.8 -1.6 38.1 -21.9 -13.8 2.2 0.7 6

 7 Net change in assets -7.1 5.3 -55.3 1706.9 -551.4 -168.7 817.0 -200.1 1072.3 162.1 7

 8 Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 0.0 -0.5 0.5 8

 9 U.S.-chartered depository institutions 3.5 1.7 5.1 600.5 41.6 -87.8 231.0 6.9 456.9 192.7 9

 10 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 -72.2 309.3 -59.3 10

 11 Credit unions -0.1 -0.1 -0.1 3.5 27.5 10.0 11.1 1.2 -5.7 -2.5 11

 12 Rest of the world -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 312.2 30.6 12

 13 Discrepancy 0.9 -0.7 5.2 44.8 14.5 25.8 3.5 5.7 56.8 -47.1 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 2.6 2.0 14

 15 Asset: U.S.-chartered depository institutions 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 2.5 2.0 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 -71.2 758.0 128.9 17

 18 Asset: U.S.-chartered depository institutions -5.1 0.1 1.8 597.7 44.4 -85.6 222.9 -0.2 454.4 190.7 18

 19 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 -72.2 309.3 -59.3 19

 20 Credit unions -0.1 -0.1 -0.1 3.5 27.5 10.0 11.1 1.2 -5.7 -2.5 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 0.0 -0.5 0.5 21

 22 Asset: Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 0.0 -0.5 0.5 22

 23 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 0.1 -0.5 0.4 23

 24 Loans 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 -0.1 0.0 0.1 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) -19.4 98.9 49.8 104.8 -53.5 -78.4 -309.3 -87.8 153.5 102.0 25

 26 Due to foreign affiliates 21.5 98.5 73.8 168.6 -50.2 21.5 -222.2 -199.0 103.7 15.8 26

 27 - Due from foreign affiliates 40.9 -0.4 24.0 63.8 3.4 99.9 87.1 -111.1 -49.8 -86.2 27

 28 Foreign banking offices in U.S. (net) -9.1 -107.4 -142.2 236.6 -149.6 37.0 512.1 -51.6 157.9 -67.2 28

 29 Due to foreign affiliates 102.8 98.0 78.9 48.3 -25.6 53.8 296.7 -90.0 143.3 -123.8 29

 30 - Due from foreign affiliates 111.9 205.4 221.1 -188.3 124.0 16.8 -215.4 -38.3 -14.6 -56.6 30

 31 Less: Deposits at foreign banks -10.9 -10.4 12.7 -4.3 -9.6 13.6 -12.4 -2.6 -0.3 1.4 31

 32 U.S.-chartered depository institutions -12.5 -1.1 7.9 5.2 -15.3 6.9 -4.0 -3.3 0.4 0.8 32

 33 Foreign banking offices in U.S. 1.6 -9.3 4.8 -9.5 5.7 6.6 -8.4 0.7 -0.8 0.7 33

 34 Plus: Loans from foreign banks 6.9 3.3 -4.5 9.7 -8.4 -6.8 -1.3 0.8 0.5 -2.8 34

 35 U.S.-chartered depository institutions 2.1 2.4 0.3 4.0 -2.0 -3.4 0.4 -0.2 -0.1 -2.3 35

 36 Foreign banking offices in U.S. 4.8 1.0 -4.7 5.7 -6.4 -3.4 -1.7 1.1 0.5 -0.5 36

 37 Asset: Rest of the world (1) -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 312.2 30.6 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) -11.5 -7.4 9.2 71.0 7.5 -16.8 40.8 -29.5 38.5 -45.3 38

 39 Due to (3): -14.6 -0.7 1.1 53.1 -1.8 -14.0 21.7 23.0 52.1 -48.5 39

 40 Foreign banking offices in U.S. -8.7 -1.3 -2.8 0.9 -18.8 -0.8 -4.9 3.1 -2.3 -1.4 40

 41 Banks in U.S.-affiliated areas -0.5 -0.1 -0.3 0.6 1.0 -0.9 1.2 0.4 -0.2 0.6 41

 42 Credit unions -6.4 1.4 -1.0 6.8 1.6 -38.1 21.9 13.8 -2.2 -0.7 42

 43 - Due from: Foreign banking offices in U.S. -3.1 6.8 -8.2 -17.9 -9.3 2.9 -19.1 52.5 13.6 -3.3 43

 44 Unallocated (2) 0.9 -0.7 5.2 44.8 14.5 25.8 3.5 5.7 56.8 -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.
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44 Historical Annuals, 2005-2014, September 18, 2015

F.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 267.7 332.6 351.1 1

 2 Monetary authority 30.1 23.5 17.8 428.2 -117.6 185.0 -122.1 62.1 139.5 152.2 2

 3 Federal government cash and deposits -1.4 0.2 11.4 349.3 -173.8 149.0 -255.0 7.0 69.8 61.0 3

 4 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 51.1 -37.4 -1.3 -5.8 4

 5 Deposits due to foreign 0.0 0.0 -0.0 1.3 1.0 0.9 -3.2 6.3 1.5 -2.7 5

 6 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 85.0 86.2 69.5 99.7 6

 7 U.S.-chartered depository institutions -33.0 -35.7 13.5 137.9 94.0 69.6 319.4 176.2 148.2 136.2 7

 8 Federal government deposits 7.0 -5.9 14.9 -39.5 0.3 -0.1 -2.7 0.3 0.3 0.9 8

 9 Deposits due to foreign 6.2 9.4 5.0 31.2 -28.7 -3.8 25.6 -4.2 -0.7 2.2 9

 10 Private domestic deposits -46.1 -39.2 -6.3 146.2 122.4 73.5 296.5 180.1 148.6 133.1 10

 11 Foreign banking offices in U.S. 0.5 -0.0 2.6 1.7 2.6 5.7 23.7 16.2 30.8 45.2 11

 12 Deposits due to foreign 0.2 -0.2 0.3 2.4 5.8 4.1 4.4 8.9 12.3 14.0 12

 13 Private domestic deposits 0.3 0.2 2.3 -0.7 -3.2 1.7 19.3 7.3 18.5 31.2 13

 14 Banks in U.S.-affiliated areas -0.2 0.7 1.7 -1.1 1.4 0.5 2.8 2.5 6.3 5.2 14

 15 Credit unions 7.0 -8.5 1.1 1.6 11.6 5.5 10.7 10.7 7.9 12.2 15

 16 Net change in assets 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 267.7 332.6 351.1 16

 17 Household sector -113.9 -40.0 -75.3 176.8 101.0 38.9 300.3 177.0 120.7 107.6 17

 18 Nonfinancial business 137.5 -42.5 59.3 -55.2 85.6 76.8 55.5 13.7 89.0 106.0 18

 19 Corporate 60.8 -117.2 -7.6 -59.0 70.8 79.6 30.8 -45.5 85.5 71.1 19

 20 Noncorporate 76.7 74.7 66.9 3.8 14.9 -2.7 24.6 59.3 3.5 34.9 20

 21 Federal government 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 69.6 60.8 21

 22 State and local governments 15.8 5.5 -0.4 8.2 19.6 5.7 16.6 -9.2 7.3 15.6 22

 23 Domestic financial sectors -57.0 51.4 32.4 66.7 -30.4 -32.4 37.2 9.9 -4.1 -19.5 23

 24 Property-casualty insurance companies -4.8 8.9 12.8 -14.8 -0.3 5.0 -8.5 12.3 -6.7 5.9 24

 25 Life insurance companies -5.5 8.3 2.3 24.4 -32.1 1.0 2.0 2.7 -9.2 3.6 25

 26 Private pension funds 0.3 0.4 1.3 -5.6 -2.8 2.1 5.6 -1.7 -0.5 0.5 26

 27 State and local govt. retirement funds -6.7 -2.8 0.4 0.2 -0.5 0.5 0.4 0.1 0.0 0.7 27

 28 Money market mutual funds -1.7 7.5 -4.7 5.6 10.5 -3.7 5.8 -3.6 -3.2 -17.6 28

 29 Government-sponsored enterprises -24.5 1.8 -2.7 39.7 11.1 -36.0 9.3 -20.1 29.0 -16.6 29

 30 Finance companies -8.9 -1.6 0.4 0.3 0.5 -1.7 5.1 -3.8 4.2 -0.2 30

 31 REITs 1.4 4.9 -1.8 1.8 12.4 -5.7 2.5 7.7 -1.3 4.1 31

 32 Brokers and dealers -6.4 24.0 24.5 15.1 -29.4 6.2 14.9 16.3 -16.5 0.0 32

 33 Rest of the world 14.9 11.4 -5.4 64.0 -9.2 29.5 81.8 68.2 50.9 79.7 33

 34 Checkable deposits 6.4 9.2 5.2 34.8 -21.8 1.2 26.8 11.0 13.2 13.4 34

 35 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 55.0 57.1 37.7 66.3 35

 36 Mail float -4.9 -3.0 1.0 -5.2 -0.3 -1.1 0.8 1.5 -0.7 0.9 36
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Historical Annuals, 2005-2014, September 18, 2015 45

F.205 Time and Savings Deposits

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 609.9 636.1 608.8 342.4 343.7 115.6 404.1 520.4 409.1 513.2 1

 2 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.3 577.4 539.6 307.0 365.0 2

 3 U.S.-chartered depository institutions 296.9 306.7 282.7 480.6 472.3 271.7 537.1 491.5 256.7 343.8 3

 4 Foreign banking offices in U.S. 0.5 8.6 6.9 0.1 4.4 5.8 13.2 13.8 27.7 -5.9 4

 5 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 2.5 2.0 5

 6 Credit unions 12.1 30.5 25.8 43.0 43.4 26.1 27.4 34.4 20.1 25.0 6

 7 Large time deposits (1) 295.4 289.2 292.3 -182.4 -173.6 -182.7 -173.3 -19.2 102.1 148.2 7

 8 U.S.-chartered depository institutions 211.2 139.3 17.2 -63.9 -335.7 -133.8 -13.2 -9.1 23.9 102.5 8

 9 Foreign banking offices in U.S. 76.7 146.1 269.2 -120.0 148.0 -46.5 -163.1 -16.2 71.1 39.7 9

 10 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 2.5 2.0 10

 11 Credit unions 2.5 2.5 4.8 0.5 17.0 2.8 3.4 6.2 4.7 4.1 11

 12 Net change in assets 609.9 636.1 608.8 342.4 343.7 115.6 404.1 520.4 409.1 513.2 12

 13 Household sector 481.5 486.5 483.6 261.0 105.9 162.8 369.3 411.9 205.5 408.0 13

 14 Nonfinancial business 73.4 66.9 -40.7 -130.7 172.1 62.8 19.2 43.4 51.8 36.7 14

 15 Corporate 49.9 46.6 -55.7 -129.4 176.9 59.9 13.2 33.3 41.0 10.5 15

 16 Noncorporate 23.5 20.3 14.9 -1.2 -4.8 2.9 6.0 10.1 10.8 26.2 16

 17 Federal government -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 -0.5 0.2 17

 18 State and local governments 3.2 17.6 32.9 17.3 10.7 -5.5 16.2 22.1 17.9 7.6 18

 19 Domestic financial sectors 32.1 30.9 95.1 122.5 127.9 -109.5 -47.7 4.9 82.0 13.7 19

 20 Private pension funds 6.2 1.0 3.8 -4.5 2.9 -0.6 1.6 -3.9 4.9 0.0 20

 21 State and local govt. retirement funds 9.5 8.2 3.4 1.8 0.1 5.0 1.9 -3.1 2.5 4.5 21

 22 Money market mutual funds 14.0 28.0 74.7 102.7 169.9 -107.7 -56.3 32.8 59.4 20.7 22

 23 Government-sponsored enterprises 12.1 -1.5 12.8 21.9 -42.8 0.3 -12.7 -9.1 1.1 -2.1 23

 24 Finance companies -9.1 -4.8 1.2 0.8 1.6 -5.2 15.4 -11.5 12.7 -0.5 24

 25 Holding companies -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 2.4 -0.3 1.5 -8.9 25

 26 Rest of the world 20.6 34.0 36.7 73.4 -73.3 4.9 47.3 38.0 52.5 47.0 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 28.9 9.6 1

 2 Net purchases 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 28.9 9.6 2

 3 Household sector 44.9 218.6 239.7 234.3 -267.7 -183.2 -21.1 0.3 25.5 -33.6 3

 4 Nonfinancial corporate business 52.7 69.1 127.2 178.5 -71.4 -157.7 -35.4 57.1 39.7 6.0 4

 5 Nonfinancial noncorporate business 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 3.0 2.3 4.0 5

 6 State and local governments 13.4 15.6 18.0 2.3 10.8 14.5 2.1 6.5 3.6 6.8 6

 7 Property-casualty insurance companies -0.7 0.7 7.2 12.1 -3.2 -4.0 -5.6 2.2 -2.2 -1.9 7

 8 Life insurance companies -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 -1.4 -5.9 6.1 8

 9 Private pension funds 1.9 3.4 6.9 5.1 -9.6 -10.2 16.5 -17.1 12.7 -9.5 9

 10 State and local govt. retirement funds 16.2 11.2 0.5 -4.0 -3.9 2.1 0.8 -3.7 3.4 5.8 10

 11 Funding corporations -2.1 -32.4 317.9 253.6 -153.7 -148.0 -83.4 -62.4 -61.5 20.6 11

 12 Rest of the world 0.1 4.1 19.0 23.7 7.2 -7.1 4.6 22.6 11.3 5.2 12
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46 Historical Annuals, 2005-2014, September 18, 2015

F.207 Federal Funds and Security Repurchase Agreements (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 472.2 542.2 424.5 -1398.3 -344.9 421.3 280.7 248.8 -468.1 32.7 1

 2 Monetary authority -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 7.3 208.7 193.9 2

 3 U.S.-chartered depository institutions 41.6 26.9 56.0 -9.7 -195.0 -48.1 -81.5 -52.6 -80.5 -33.2 3

 4 Federal funds (2) ND ND ND ND ND ND ND ND -11.0 -19.7 4

 5 Security repurchase agreements ND ND ND ND ND ND ND ND -69.5 -13.5 5

 6 Foreign banking offices in U.S. 42.1 57.3 -21.5 -156.7 63.5 54.8 54.4 20.6 -12.3 58.6 6

 7 Federal funds (2) 13.4 15.1 -15.6 -38.2 77.2 -75.7 -9.9 -2.6 -2.6 8.3 7

 8 Security repurchase agreements 28.6 42.2 -5.9 -118.5 -13.7 130.6 64.3 23.3 -9.7 50.2 8

 9 Credit unions 1.0 0.9 -1.9 -2.2 -0.7 0.0 0.0 0.0 0.0 0.0 9

 10 Property-casualty insurance companies 0.1 -0.1 -0.7 1.9 -1.7 0.8 1.7 -1.0 -0.6 -0.4 10

 11 Life insurance companies 7.4 0.3 -1.1 -7.3 -0.5 -2.2 1.9 2.3 6.5 1.0 11

 12 Government-sponsored enterprises -1.9 -0.4 -0.6 -1.0 -0.1 0.1 -0.9 -0.4 0.0 0.1 12

 13 REITs 13.2 14.4 -6.2 -12.3 11.1 29.9 97.7 102.4 -66.6 7.3 13

 14 Brokers and dealers 369.8 386.7 265.5 -865.4 -296.8 195.9 70.5 131.2 -439.3 -220.9 14

 15 Holding companies 6.2 1.1 -2.5 -7.0 -0.2 0.2 0.4 -1.2 -0.0 -0.0 15

 16 Rest of the world -7.1 55.9 123.2 -382.8 86.0 207.9 96.4 40.2 -84.0 26.4 16

 17 Net change in assets 342.4 247.5 636.6 -1141.0 -552.9 366.5 203.0 261.3 -341.9 161.8 17

 18 Nonfinancial corporate business 8.1 1.0 -7.5 -0.9 0.7 4.3 0.4 -2.9 -0.9 4.7 18

 19 State and local governments 5.5 6.0 6.3 -12.5 -3.3 -0.8 -4.7 5.6 3.4 5.9 19

 20 Monetary authority 13.8 -6.0 5.8 33.5 -80.0 0.0 0.0 0.0 0.0 0.0 20

 21 U.S.-chartered depository institutions -20.9 71.1 142.8 54.9 -308.2 0.7 -25.0 60.1 -87.2 -30.4 21

 22 Federal funds (2) ND ND ND ND ND ND ND ND -11.1 -16.4 22

 23 Security repurchase agreements ND ND ND ND ND ND ND ND -76.2 -14.0 23

 24 Foreign banking offices in U.S. 38.8 59.2 17.2 -177.5 0.1 20.3 31.7 58.2 -1.2 41.1 24

 25 Federal funds (2) 11.1 -11.0 -2.2 -14.5 -2.3 -1.8 1.5 -0.8 -1.7 -0.0 25

 26 Security repurchase agreements 27.7 70.2 19.3 -163.1 2.4 22.1 30.2 58.9 0.5 41.1 26

 27 Credit unions 2.2 -1.6 -2.6 -2.4 0.0 -0.1 15.9 -6.2 -9.6 -0.0 27

 28 Federal funds ND ND ND ND ND ND 15.9 -6.3 -9.6 0.0 28

 29 Security repurchase agreements ND ND ND ND ND ND 0.0 0.1 -0.0 -0.0 29

 30 Property-casualty insurance companies 0.6 -0.7 1.7 0.8 0.1 -0.7 -1.4 -0.8 0.0 -0.1 30

 31 Life insurance companies -1.0 -0.1 0.2 5.2 2.2 0.7 -4.7 2.1 -5.3 0.4 31

 32 Private pension funds 1.1 1.0 0.2 -1.0 0.2 -0.2 0.0 -0.3 0.4 0.0 32

 33 State and local govt. retirement funds -8.9 -3.9 0.2 -0.1 -0.2 0.3 0.1 -0.3 0.2 0.4 33

 34 Money market mutual funds 111.8 49.2 211.1 -63.5 -62.4 -0.6 11.1 54.2 -51.3 151.2 34

 35 Mutual funds 2.8 17.4 -0.6 -7.4 28.6 -15.8 -28.8 54.1 92.9 46.3 35

 36 Government-sponsored enterprises 13.9 9.3 24.5 -28.3 7.5 20.7 -38.9 38.6 1.5 10.3 36

 37 Of which: FHLB federal funds (3) 26.0 -3.5 8.8 -45.5 14.3 21.3 -34.7 2.9 -14.5 23.3 37

 38 Brokers and dealers 126.8 -15.2 167.4 -305.5 -103.3 243.4 154.6 55.1 -317.2 -168.2 38

 39 Holding companies 6.4 1.0 -2.6 -6.6 19.8 2.1 0.2 -49.3 -2.8 -5.1 39

 40 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 -0.1 0.0 40

 41 Rest of the world 41.4 59.7 72.6 -629.7 -54.8 92.4 92.6 -6.9 35.3 105.4 41

 42 Discrepancy 129.8 294.7 -212.1 -257.3 208.0 54.8 77.7 -12.5 -126.2 -129.1 42

 Memo:

 Federal Reserve’s reverse repurchase agreement operations: (4)

 43 Liability: Monetary authority (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 197.8 199.0 43

 44 Asset: Money market mutual funds (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 163.3 207.9 44

 45 Other financial institutions (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34.5 -9.0 45

(1) Detailed data on federal funds and security repurchase agreements are only available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S.,

 2010:Q4 for credit unions, and 2000:Q1 for FHLB.

(2) Excludes term federal funds.

(3) Includes term federal funds.

(4) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).

(5) Included in line 2.

(6) Included in line 34.

(7) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
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Historical Annuals, 2005-2014, September 18, 2015 47

F.208 Debt Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 By instrument

 1 Total debt securities 1629.1 2083.6 2395.5 1748.9 1083.6 1379.0 1081.7 1365.4 1418.5 1307.6 1

 2 Open market paper 245.1 317.2 -169.5 -188.8 -461.8 -80.4 -88.3 -16.9 -0.8 -21.2 2

 3 Treasury securities 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 3

 4 Agency- and GSE-backed securities 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 -22.8 239.5 150.5 4

 5 Municipal securities 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 -43.2 -18.8 5

 6 Corporate and foreign bonds 758.7 1049.0 1153.5 -226.0 -55.7 -239.3 106.0 229.0 365.3 461.2 6

 By sector

 7 Total liabilities 1629.1 2083.6 2395.5 1748.9 1083.6 1379.0 1081.7 1365.4 1418.5 1307.6 7

 8 Domestic nonfinancial sectors 495.9 486.3 637.0 1519.0 1803.6 1949.7 1280.9 1512.7 1107.6 1020.1 8

 9 Household sector (nonprofits) 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 -13.1 -4.8 9

 10 Nonfinancial corporate business -7.1 150.4 199.5 190.2 179.6 237.3 203.6 352.3 302.8 303.0 10

 11 Federal government 346.9 219.1 270.4 1302.5 1505.8 1645.9 1138.7 1180.6 857.3 735.9 11

 12 State and local governments 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 -39.4 -14.0 12

 13 Domestic financial sectors 1039.8 1320.1 1523.7 441.8 -956.6 -695.4 -327.4 -306.4 108.1 178.6 13

 14 U.S.-chartered depository institutions 13.5 29.6 24.7 0.3 -28.3 -69.3 10.0 -115.4 -102.7 -17.2 14

 15 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Government-sponsored enterprises -84.0 35.6 279.7 261.3 -518.4 -233.8 -187.2 -154.6 107.5 75.3 16

 17 Agency- and GSE-backed mortgage pools 164.5 292.6 626.0 507.4 458.3 186.9 165.3 132.2 132.4 75.3 17

 18 ABS issuers 731.6 796.7 370.6 -332.2 -614.1 -413.9 -174.2 -145.1 -233.5 -72.3 18

 19 Finance companies 28.3 47.7 -17.9 -72.3 -125.8 -110.0 -29.4 -73.2 -5.9 18.4 19

 20 REITs 32.8 13.9 0.7 -60.3 -26.6 1.0 7.6 26.7 173.6 53.2 20

 21 Brokers and dealers 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 -1.7 22.2 11.5 21

 22 Holding companies 48.2 68.7 129.4 84.0 -10.3 -42.6 -80.4 20.3 -13.2 8.0 22

 23 Funding corporations 104.7 29.1 114.5 21.5 -87.2 -50.6 -1.2 4.4 27.7 26.5 23

 24 Rest of the world 93.4 277.2 234.8 -211.9 236.6 124.7 128.2 159.0 202.8 108.8 24

 25 Total assets: 1629.1 2083.6 2395.5 1748.9 1083.6 1379.0 1081.7 1365.4 1418.5 1307.6 25

 26 Domestic nonfinancial sectors 257.1 24.5 563.2 502.3 202.8 -47.5 -390.3 -224.1 -676.0 -460.0 26

 27 Household sector 56.6 -88.3 485.7 576.8 83.0 -75.4 -202.1 -218.3 -614.5 -464.4 27

 28 Nonfinancial corporate business 40.4 -1.2 -61.7 -25.7 16.3 15.6 -8.5 -12.5 -22.0 -17.5 28

 29 Nonfinancial noncorporate business 6.1 1.5 2.5 -7.9 -5.5 2.5 1.1 4.2 1.7 3.0 29

 30 Federal government 0.0 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 -0.1 -0.0 30

 31 State and local governments 154.1 112.5 136.7 -95.4 -33.6 56.8 -62.6 33.7 -41.1 18.9 31

 32 Domestic financial sectors 634.9 1090.4 975.8 842.0 720.3 787.1 1268.5 1093.8 1546.7 1233.3 32

 33 Monetary authority 26.4 34.7 -38.3 -245.0 1349.2 316.3 444.0 64.5 1086.6 480.7 33

 34 U.S.-chartered depository institutions 132.4 132.5 58.1 85.0 248.0 135.2 108.3 163.6 90.7 241.5 34

 35 Foreign banking offices in U.S. 78.5 31.4 83.0 30.8 -155.1 -10.7 2.2 11.4 -50.4 -14.5 35

 36 Banks in U.S.-affiliated areas 0.9 -5.6 -3.7 -2.1 -2.2 -9.5 -3.5 -2.6 1.5 -1.2 36

 37 Credit unions -9.4 -6.8 2.3 4.0 26.5 31.1 31.0 17.9 4.6 -9.0 37

 38 Property-casualty insurance companies 72.5 44.1 4.0 -16.1 33.8 4.2 35.4 0.3 28.6 13.8 38

 39 Life insurance companies 99.1 39.3 49.2 -24.9 168.7 160.4 102.5 60.6 55.1 70.2 39

 40 Private pension funds 44.6 58.4 28.9 1.0 11.7 117.8 78.4 145.3 89.6 22.6 40

 41 Federal government retirement funds 48.0 44.5 45.9 87.3 69.3 76.6 96.3 55.8 107.9 85.9 41

 42 State and local govt. retirement funds 33.0 80.2 35.2 -11.3 -86.8 26.4 6.5 -0.8 87.3 44.9 42

 43 Money market mutual funds 2.3 221.6 391.8 727.9 -619.9 -396.6 -9.8 -82.7 30.8 -120.8 43

 44 Mutual funds 113.5 175.1 231.9 20.0 385.8 354.4 340.5 629.8 324.5 467.4 44

 45 Closed-end funds 2.2 6.1 -0.4 -40.5 10.5 5.2 -1.7 11.3 13.6 -3.8 45

 46 Exchange-traded funds 6.8 5.7 13.4 23.0 46.0 29.7 46.1 52.3 12.2 51.0 46

 47 Government-sponsored enterprises -81.3 -4.9 -34.6 142.6 -55.4 -72.7 -38.5 -136.7 -94.5 -19.0 47

 48 ABS issuers -21.0 55.9 42.8 -39.6 -242.5 -109.8 -14.2 -5.8 0.8 -2.4 48

 49 Finance companies -52.5 -18.7 4.5 3.0 6.3 -19.8 0.9 -6.3 -10.8 6.0 49

 50 REITs 12.9 36.4 -6.7 -22.0 19.9 45.4 108.5 119.0 -95.8 11.2 50

 51 Brokers and dealers 74.6 86.4 208.6 -88.8 -179.4 44.9 -1.3 103.9 -186.3 -89.2 51

 52 Holding companies -6.9 6.2 22.5 11.9 -12.8 17.9 -0.9 -66.8 59.0 -0.2 52

 53 Funding corporations 58.2 67.8 -162.5 195.9 -301.4 40.7 -62.3 -40.2 -8.0 -1.9 53

 54 Rest of the world 737.2 968.7 856.6 404.7 160.4 639.4 203.6 495.7 547.7 534.3 54

(1) Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
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48 Historical Annuals, 2005-2014, September 18, 2015

F.209 Open Market Paper

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total net issues, all types 245.1 317.2 -169.5 -188.8 -461.8 -80.4 -88.3 -16.9 -0.8 -21.2 1

 2 Commercial paper 245.1 317.4 -169.4 -188.8 -461.9 -79.9 -88.2 -16.8 -0.8 -21.2 2

 3 Nonfinancial corporate business -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 14.2 37.9 3

 4 Foreign issues in U.S. 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 34.0 -22.6 4

 5 Nonfinancial 15.7 -1.9 2.0 20.7 -15.2 -3.8 -0.5 10.3 11.2 -6.5 5

 6 Financial 22.9 100.3 -71.3 -91.7 74.5 1.1 -53.0 17.6 22.8 -16.1 6

 7 Domestic financial sectors 214.2 196.6 -111.4 -125.4 -448.2 -101.7 -68.1 -58.7 -48.9 -36.6 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 -19.7 7.7 -33.1 -27.8 -5.2 8

 9 ABS issuers 148.3 162.9 -194.2 -83.9 -266.2 -40.3 -24.1 -9.0 -7.1 -15.1 9

 10 Finance companies -15.3 5.3 -15.1 -22.6 -38.8 1.7 10.0 8.2 -10.3 -1.1 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 4.0 20.9 35.0 -39.0 -18.1 3.9 11.1 6.2 -19.9 -19.6 12

 13 Funding corporations 77.1 7.5 62.9 20.1 -125.1 -47.4 -72.7 -30.9 16.2 4.3 13

 14 Bankers’ acceptances (1) 0.0 -0.2 -0.1 0.0 0.1 -0.5 -0.1 -0.1 -0.0 0.0 14

 15 U.S.-chartered depository institutions -0.0 0.1 -0.1 0.2 0.1 -0.5 -0.1 -0.1 -0.0 0.0 15

 16 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Net purchases, by sector 245.1 317.2 -169.5 -188.8 -461.8 -80.4 -88.3 -16.9 -0.8 -21.2 17

 18 Household sector 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.6 -3.8 -0.1 18

 19 Nonfinancial corporate business 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -8.4 -21.3 -6.6 19

 20 State and local governments -0.4 -1.0 -2.2 -22.4 -38.2 13.4 -12.2 -6.6 -8.5 -7.4 20

 21 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 15.7 -15.7 0.0 0.0 0.0 0.0 0.0 22

 23 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 23

 24 Credit unions -0.0 0.2 -0.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Property-casualty insurance companies 3.5 0.6 -3.1 5.8 -9.3 -1.9 0.9 -1.4 0.7 -0.1 25

 26 Life insurance companies -3.0 4.3 13.1 -3.4 11.5 -8.9 -11.2 13.9 3.2 -4.6 26

 27 Private pension funds 1.9 0.6 3.5 -6.2 1.7 -2.0 2.5 -4.9 5.9 1.0 27

 28 State and local govt. retirement funds -3.5 0.6 1.4 1.3 -1.6 4.1 1.8 -3.7 3.0 4.9 28

 29 Money market mutual funds 84.4 111.4 73.7 -56.1 -108.0 -116.3 -40.0 -13.3 11.2 -18.5 29

 30 Mutual funds 2.9 17.4 -0.4 -62.5 28.6 -13.9 -26.3 27.6 27.7 15.3 30

 31 Government-sponsored enterprises 8.0 18.5 -4.7 14.1 3.0 0.2 -3.4 -3.1 1.0 1.5 31

 32 Brokers and dealers 12.2 4.1 22.8 -21.4 -24.2 -5.3 5.9 -12.2 -1.3 -7.8 32

 33 Funding corporations 87.6 74.9 -226.1 119.3 -276.7 50.5 -5.0 -4.0 -16.8 -6.6 33

 34 Rest of the world 20.8 54.9 16.5 -59.0 -48.4 -10.7 0.7 -0.1 -1.7 7.6 34

(1) Excludes banks’ holdings of own acceptances.
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Historical Annuals, 2005-2014, September 18, 2015 49

F.210 Treasury Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 1

 2 Marketable Treasury securities 223.1 154.5 196.1 1263.4 1475.6 1590.0 1083.4 1121.9 806.2 646.7 2

 3 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 -249.5 107.0 -35.9 -133.9 3

 4 Other Treasury notes, bonds, and TIPS 263.6 174.4 137.4 401.7 1551.0 1610.6 1334.7 1016.2 834.3 781.9 4

 5 Held in the Civil Service Retirement Fund (2) 0.0 0.0 0.0 0.0 -2.1 -1.7 -1.8 -1.3 7.9 -1.4 5

 6 Nonmarketable Treasury securities 124.2 65.0 74.6 38.9 30.0 55.3 54.2 59.1 51.4 89.4 6

 7 U.S. savings securities 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 -3.3 -3.3 7

 8 State and local government series (SLGS) 74.9 22.1 35.6 -43.9 -35.2 -21.2 -40.9 10.5 -42.0 -4.1 8

 9 Thrift Savings Plan G Fund 7.8 8.3 11.1 24.3 6.6 9.9 23.0 10.8 14.2 18.6 9

 10 Federal govt. defined benefit pension plans 40.0 35.8 33.3 63.3 64.0 67.4 72.6 41.7 90.3 70.2 10

 11 Other nonmarketable securities 0.8 1.5 0.6 -2.4 -2.6 2.5 2.2 -1.2 -7.8 8.0 11

 12 Total assets 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 12

 13 Household sector -119.9 -101.9 -36.9 144.4 534.9 316.3 -229.7 190.9 -151.1 -19.8 13

 14 U.S. savings securities (line 7) 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 -3.3 -3.3 14

 15 Other Treasury securities -120.6 -99.2 -30.9 146.7 537.7 319.6 -227.0 193.6 -147.8 -16.6 15

 16 Nonfinancial corporate business 18.1 -6.7 -7.1 -7.9 12.5 5.1 -5.1 -3.5 3.3 -4.7 16

 17 Nonfinancial noncorporate business 6.0 0.2 3.0 -7.5 -5.7 1.9 0.8 4.0 1.5 2.7 17

 18 State and local governments 106.9 59.0 77.8 -47.5 -14.5 8.8 -34.4 49.1 -10.7 37.0 18

 19 SLGS (line 8) 74.9 22.1 35.6 -43.9 -35.2 -21.2 -40.9 10.5 -42.0 -4.1 19

 20 Other Treasury securities 32.0 37.0 42.1 -3.6 20.6 30.1 6.4 38.6 31.3 41.2 20

 21 Monetary authority 26.4 34.7 -38.3 -264.7 300.7 244.9 642.0 2.7 542.6 252.6 21

 22 Treasury bills 8.3 5.7 -49.2 -209.4 0.0 0.0 0.0 -18.4 0.0 0.0 22

 23 Other Treasury securities 18.1 29.0 10.9 -55.3 300.7 244.9 642.0 21.1 542.6 252.6 23

 24 U.S.-chartered depository institutions -6.1 2.2 5.6 -23.7 68.1 93.0 -43.7 69.3 -26.1 203.3 24

 25 Foreign banking offices in U.S. 0.1 -1.0 3.6 5.1 22.0 3.5 -0.5 16.1 -9.6 -10.5 25

 26 Banks in U.S.-affiliated areas 0.1 -0.2 -1.9 -0.6 -0.7 0.6 -0.0 -0.6 0.7 0.2 26

 27 Credit unions -1.1 -0.3 3.0 -1.6 5.4 5.9 -2.5 1.7 -0.2 2.5 27

 28 Property-casualty insurance companies 0.3 3.1 -38.7 -5.6 22.9 3.2 4.6 -6.7 6.4 5.9 28

 29 Treasury bills 2.4 -3.5 -18.0 -5.4 5.0 -0.3 1.9 -3.3 9.4 3.3 29

 30 Other Treasury securities -2.0 6.6 -20.7 -0.3 18.0 3.5 2.7 -3.4 -3.0 2.6 30

 31 Life insurance companies 13.5 -7.6 -17.3 35.1 27.7 23.2 18.8 5.5 -12.2 14.3 31

 32 Treasury bills 0.8 0.4 -2.4 17.8 -6.3 -3.6 3.8 -4.5 -2.8 2.0 32

 33 Other Treasury securities 12.7 -8.0 -14.9 17.3 34.0 26.8 15.0 10.0 -9.4 12.3 33

 34 Private pension funds 3.4 14.5 0.5 5.1 32.7 31.2 40.7 64.4 -3.4 12.2 34

 35 Defined benefit plans 1.4 11.8 -1.9 -10.9 12.7 7.4 32.9 36.0 -2.7 5.6 35

 36 Defined contribution plans 1.9 2.6 2.4 16.0 19.9 23.9 7.7 28.4 -0.8 6.6 36

 37 Federal government retirement funds 47.6 44.3 44.6 88.0 69.4 75.8 94.2 52.5 110.9 86.9 37

 38 Defined benefit plans 39.8 35.9 33.2 63.7 62.3 65.4 70.4 40.1 98.2 68.7 38

 39 Defined contribution plans 7.8 8.4 11.4 24.3 7.0 10.4 23.7 12.4 12.7 18.2 39

 40 State and local govt. retirement funds 4.1 -3.0 -8.4 -10.2 20.7 11.1 9.4 12.4 12.2 -11.9 40

 41 Defined benefit plans 3.8 -2.7 -9.6 -12.6 17.8 8.3 7.1 12.0 15.4 -11.3 41

 42 Defined contribution plans 0.3 -0.4 1.2 2.5 2.9 2.9 2.3 0.3 -3.2 -0.6 42

 43 Money market mutual funds -14.2 -5.9 95.5 399.5 -171.3 -71.0 107.9 14.5 30.2 -75.3 43

 44 Treasury bills -13.5 -6.5 73.6 341.9 -160.2 -84.0 29.1 19.1 6.6 -48.5 44

 45 Other Treasury securities -0.8 0.5 21.9 57.7 -11.0 13.0 78.8 -4.7 23.6 -26.8 45

 46 Mutual funds 13.0 0.7 2.9 18.5 74.0 123.9 65.9 122.1 55.0 -13.5 46

 47 Treasury bills 0.0 0.0 0.0 0.0 0.0 4.2 -3.2 11.8 -9.6 -9.4 47

 48 Other Treasury securities 13.0 0.7 2.9 18.5 74.0 119.7 69.0 110.3 64.5 -4.1 48

 49 Closed-end funds 0.3 0.2 -1.7 -2.4 1.2 0.7 -0.3 0.3 0.6 -0.2 49

 50 Exchange-traded funds 4.8 3.4 6.6 7.4 14.7 9.2 11.4 1.2 -6.5 13.0 50

 51 Government-sponsored enterprises 0.2 1.2 1.3 1.2 19.9 45.9 17.6 -31.2 -9.9 5.2 51

 52 ABS issuers 19.7 33.4 24.7 -13.6 -18.3 -13.8 -10.9 -5.8 1.0 -2.4 52

 53 Brokers and dealers -20.0 -2.5 -17.9 275.6 -67.6 -28.5 89.1 63.0 -110.5 -75.9 53

 54 Holding companies -0.9 1.4 4.6 -4.0 2.7 13.8 7.1 -30.6 8.5 -2.8 54

 55 Rest of the world 245.1 150.3 165.3 711.6 554.4 740.4 355.3 589.7 424.9 317.4 55

 56 Treasury bills -58.9 -11.4 49.4 455.3 -7.6 -40.2 -62.6 14.0 23.3 -13.3 56

 57 Other Treasury securities 304.1 161.7 115.9 256.3 562.0 780.5 417.9 575.8 401.6 330.7 57

(1) Includes marketable and nonmarketable Treasury securities held by the public (net of premiums and discounts) and Treasury securities held by federal government employee retirement funds.

 In the Financial Accounts, nonmarketable government securities held by federal government employee defined benefit retirement funds are considered part of the financial business sector as

 opposed to intragovernmental holdings as reported on the Monthly Statement of the Public Debt.

(2) Long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank. These securities are not currently traded in the market.
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50 Historical Annuals, 2005-2014, September 18, 2015

F.211 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net issues 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 -22.8 239.5 150.5 1

 2 Budget agencies -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 -0.4 -0.1 2

 3 Government-sponsored enterprises -84.0 35.6 279.7 261.3 -518.4 -233.8 -187.2 -154.6 107.5 75.3 3

 4 Agency- and GSE-backed mortgage pools 164.5 292.6 626.0 507.4 458.3 186.9 165.3 132.2 132.4 75.3 4

 5 Net purchases 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 -22.8 239.5 150.5 5

 6 Household sector 151.3 -21.9 341.3 240.3 -672.5 -10.0 40.4 -57.8 -53.7 -200.1 6

 7 Nonfinancial corporate business 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -1.2 -2.9 2.4 7

 8 Federal government 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 0.0 0.0 8

 9 State and local governments 35.0 40.1 44.9 -19.8 13.5 24.9 -14.0 -13.6 -23.4 -15.7 9

 10 Monetary authority 0.0 0.0 0.0 19.7 1048.5 71.4 -197.9 61.8 543.9 228.1 10

 11 U.S.-chartered depository institutions 52.5 34.2 -111.0 136.2 168.0 110.1 106.9 35.5 47.7 43.0 11

 12 Foreign banking offices in U.S. -0.9 4.2 2.0 -6.5 -19.3 -4.8 4.0 1.5 -6.7 -4.9 12

 13 Banks in U.S.-affiliated areas 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 -8.0 -2.2 -0.8 -0.1 13

 14 Credit unions -6.8 -13.9 -4.1 14.4 27.8 40.9 30.6 14.9 2.2 -11.7 14

 15 Property-casualty insurance companies 5.8 4.1 3.8 -11.5 1.9 -0.4 6.9 -8.4 -4.9 -4.2 15

 16 Life insurance companies 11.4 8.8 5.5 -16.7 5.8 4.0 -1.6 -13.5 -6.8 -15.0 16

 17 Private pension funds 17.9 16.2 3.7 -1.8 -6.6 6.5 -9.3 2.0 -5.7 -10.7 17

 18 Federal government retirement funds 0.0 -0.2 -0.2 -0.2 0.0 0.6 0.7 1.5 -1.7 -0.5 18

 19 State and local govt. retirement funds -51.0 8.1 -3.0 -25.1 -5.3 2.3 -27.4 -25.2 2.6 -4.4 19

 20 Money market mutual funds -107.9 -28.2 102.0 520.3 -213.1 -140.2 0.9 -60.2 17.7 23.4 20

 21 Mutual funds 14.4 20.0 79.6 -23.4 50.0 75.5 114.9 88.0 -24.0 102.8 21

 22 Government-sponsored enterprises -135.4 -37.1 -11.1 207.0 -27.4 -85.1 -18.1 -48.3 -22.7 7.8 22

 23 ABS issuers -40.7 22.6 18.1 -26.0 -224.2 -96.0 -3.3 -0.0 -0.2 0.0 23

 24 REITs -4.0 24.8 23.5 0.7 15.6 38.2 104.7 109.5 -95.6 7.8 24

 25 Brokers and dealers -6.3 37.1 177.1 -72.5 -131.8 38.9 -2.1 21.9 -55.4 7.7 25

 26 Holding companies -2.3 -0.0 -1.3 15.9 -7.0 -3.2 12.0 -24.3 13.5 0.0 26

 27 Rest of the world 139.8 217.1 239.5 -231.9 -226.0 -66.6 -41.6 -73.6 -83.7 -5.2 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.106, line 44.
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Historical Annuals, 2005-2014, September 18, 2015 51

F.212 Municipal Securities

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 -43.2 -18.8 1

 2 State and local governments 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 -39.4 -14.0 2

 3 Short-term (1) -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 3.8 -10.9 -6.7 3

 4 Long-term 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 -9.4 -28.6 -7.4 4

 5 Nonprofit organizations (2) 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 -13.1 -4.8 5

 6 Nonfinancial corporate business 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 9.3 -0.1 6

 (industrial revenue bonds)

 7 Net change in assets 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 -43.2 -18.8 7

 8 Household sector 77.8 34.7 38.0 47.3 107.0 43.6 -65.8 -144.7 -55.8 -67.2 8

 9 Nonfinancial corporate business 0.3 -4.0 1.1 -3.0 0.9 -3.2 -1.6 0.6 -1.1 -8.6 9

 10 Nonfinancial noncorporate business 0.1 1.3 -0.5 -0.4 0.2 0.5 0.3 0.2 0.2 0.3 10

 11 State and local governments 1.2 1.4 1.7 0.4 1.1 1.4 0.2 0.4 0.1 0.4 11

 12 U.S.-chartered depository institutions 18.3 24.2 11.9 19.9 2.4 30.3 42.6 67.8 53.8 32.7 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Banks in U.S.-affiliated areas 0.2 0.8 0.7 0.5 0.9 -0.9 0.9 -0.8 0.9 -0.9 14

 15 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 3.2 1.0 0.3 -0.8 15

 16 Property-casualty insurance companies 45.4 22.1 36.1 10.6 -12.6 -21.0 -17.4 -2.9 -1.7 -4.7 16

 17 Life insurance companies 2.4 4.1 4.8 5.7 26.1 39.2 9.4 9.7 10.1 6.2 17

 18 State and local govt. retirement funds -0.8 -0.0 -0.2 -0.1 0.1 0.8 -0.6 0.2 1.3 1.1 18

 19 Money market mutual funds 26.7 42.9 104.6 12.9 -69.4 -53.4 -29.4 -20.6 -28.3 -26.7 19

 20 Mutual funds 17.4 32.7 27.7 17.7 89.4 46.7 15.7 86.2 -13.5 43.8 20

 21 Closed-end funds 0.2 0.0 1.9 -13.3 3.3 0.4 0.9 3.5 -1.6 0.5 21

 22 Exchange-traded funds 0.0 0.0 0.6 1.7 3.6 1.7 1.0 3.6 -0.8 3.2 22

 23 Government-sponsored enterprises -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 -3.9 -4.1 -3.5 -2.6 23

 24 Brokers and dealers 10.9 8.0 -0.7 -11.4 -3.3 4.6 -9.1 -4.3 -8.0 0.2 24

 25 Rest of the world 3.0 5.4 10.7 5.9 7.7 13.1 0.6 -0.6 4.3 4.3 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.101 and L.101).
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52 Historical Annuals, 2005-2014, September 18, 2015

F.213 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net issues 758.7 1049.0 1153.5 -226.0 -55.7 -239.3 106.0 229.0 365.3 461.2 1

 2 Nonfinancial corporate business -41.3 74.6 119.9 116.5 215.5 179.6 161.6 323.0 279.3 265.1 2

 3 Domestic financial sectors 745.2 795.5 729.5 -201.6 -448.5 -546.3 -237.4 -225.2 -82.9 64.6 3

 4 U.S.-chartered depository institutions 13.5 29.6 24.8 0.1 -28.5 -49.2 2.4 -82.3 -74.9 -12.0 4

 5 ABS issuers (net) (1) 583.3 633.8 564.8 -248.4 -347.9 -373.6 -150.1 -136.0 -226.4 -57.2 5

 6 Finance companies 43.6 42.4 -2.8 -49.6 -87.0 -111.7 -39.4 -81.3 4.4 19.4 6

 7 REITs 32.8 13.9 0.7 -60.3 -26.6 1.0 7.6 26.7 173.6 53.2 7

 8 Brokers and dealers 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 -1.7 22.2 11.5 8

 9 Holding companies 44.2 47.8 94.4 123.0 7.8 -46.5 -91.6 14.1 6.7 27.6 9

 10 Funding corporations 27.6 21.6 51.5 1.4 37.9 -3.2 71.6 35.3 11.4 22.2 10

 11 Rest of the world (2) 54.8 178.9 304.1 -140.8 177.2 127.4 181.7 131.2 168.9 131.4 11

 12 Net purchases (3) 758.7 1049.0 1153.5 -226.0 -55.7 -239.3 106.0 229.0 365.3 461.2 12

 13 Household sector -67.3 -18.2 153.5 246.1 97.0 -423.8 54.7 -206.0 -350.1 -177.2 13

 14 Federal government 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 -0.1 -0.0 14

 15 State and local governments 11.3 13.0 14.5 -6.1 4.5 8.2 -2.2 4.5 1.4 4.6 15

 16 U.S.-chartered depository institutions 67.7 71.8 151.5 -63.2 25.1 -98.2 2.5 -9.0 15.2 -37.4 16

 17 MBS and other ABS 60.8 32.2 115.3 -69.1 -47.7 -88.1 -24.8 -1.0 -1.3 -8.6 17

 18 Other 7.0 39.7 36.2 5.9 72.9 -10.2 27.3 -8.0 16.5 -28.8 18

 19 Foreign banking offices in U.S. 79.3 28.3 77.4 32.2 -157.8 -9.4 -1.4 -6.2 -34.1 0.9 19

 20 Banks in U.S.-affiliated areas -0.5 -0.4 0.1 0.0 1.5 -1.4 3.6 1.0 0.6 -0.4 20

 21 Credit unions -1.5 7.2 3.9 -8.4 -6.7 -15.7 -0.3 0.3 2.2 1.0 21

 22 MBS and other ABS 0.0 0.0 0.0 0.5 0.3 -0.7 -0.3 0.7 2.1 1.0 22

 23 Other -1.5 7.2 3.9 -8.9 -7.0 -15.0 -0.1 -0.4 0.1 -0.0 23

 24 Property-casualty insurance companies 17.5 14.2 5.9 -15.4 30.8 24.3 40.4 19.6 28.1 17.0 24

 25 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 3.2 8.3 9.3 25

 26 Other 17.5 14.2 5.9 -15.4 30.8 24.3 41.1 16.4 19.8 7.7 26

 27 Life insurance companies 74.7 29.7 43.1 -45.5 97.6 102.9 87.1 45.0 60.8 69.3 27

 28 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -24.3 9.1 15.8 28

 29 Other 74.7 29.7 43.1 -45.5 97.6 102.9 87.1 69.3 51.8 53.5 29

 30 Private pension funds 21.4 27.1 21.3 3.8 -16.1 82.1 44.6 83.8 92.8 20.2 30

 31 Federal government retirement funds 0.4 0.5 1.5 -0.5 -0.0 0.2 1.4 1.7 -1.3 -0.4 31

 32 State and local govt. retirement funds 84.3 74.5 45.4 22.8 -100.8 8.1 23.2 15.5 68.2 55.3 32

 33 Money market mutual funds 13.4 101.3 15.9 -148.8 -58.1 -15.7 -49.1 -3.0 -0.0 -23.8 33

 34 Mutual funds 65.9 104.3 122.1 69.7 143.8 122.3 170.3 306.0 279.3 318.9 34

 35 Closed-end funds 1.7 5.8 -0.5 -24.8 6.0 4.1 -2.3 7.5 14.6 -4.0 35

 36 Exchange-traded funds 1.9 2.4 6.2 13.9 27.6 18.7 33.6 47.6 19.5 34.8 36

 37 Government-sponsored enterprises 50.9 16.1 -17.4 -77.7 -48.6 -29.6 -30.8 -50.0 -59.4 -30.8 37

 38 MBS and other ABS 43.5 10.5 -20.1 -64.4 -50.2 -46.5 -32.2 -31.2 -58.8 -30.2 38

 39 Other 7.4 5.5 2.7 -13.4 1.6 17.0 1.4 -18.8 -0.6 -0.7 39

 40 Finance companies -52.5 -18.7 4.5 3.0 6.3 -19.8 0.9 -6.3 -10.8 6.0 40

 41 REITs 17.0 11.6 -30.2 -22.8 4.3 7.2 3.8 9.5 -0.2 3.3 41

 42 Brokers and dealers 77.7 39.8 27.3 -259.0 47.5 35.2 -85.0 35.5 -11.1 -13.5 42

 43 Holding companies -3.7 4.9 19.2 -0.0 -8.4 7.3 -20.1 -11.9 37.0 2.6 43

 44 Funding corporations -29.4 -7.1 63.6 76.6 -24.7 -9.8 -57.3 -36.2 8.9 4.7 44

 45 Rest of the world (4) 328.5 541.0 424.6 -21.8 -127.3 -36.8 -111.5 -19.7 203.9 210.1 45

 46 MBS and other ABS 148.6 247.0 140.8 -106.7 -167.4 -45.5 -44.8 -36.1 -22.5 -7.8 46

 47 Other 179.9 294.0 283.8 84.9 40.1 8.8 -66.7 16.4 226.4 217.9 47

(1) Net issuance less net acquisition of corporate bonds held as assets.

(2) Net purchases of foreign issues by U.S. residents.

(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
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Historical Annuals, 2005-2014, September 18, 2015 53

F.214 Loans (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 By instrument

 1 Total loans 1826.1 2012.4 2399.4 731.2 -1364.7 -555.7 94.4 368.8 721.7 1008.7 1

 2 Depository institution loans n.e.c. 171.1 198.1 341.5 687.2 -766.3 -86.0 177.6 176.9 196.5 320.0 2

 3 Other loans and advances 111.4 300.6 777.4 -221.2 -444.4 -128.1 -33.6 93.3 235.3 254.4 3

 4 Mortgages 1443.2 1393.2 1129.3 230.3 -50.4 -316.2 -158.2 -70.8 113.9 221.2 4

 5 Home 1128.2 1080.1 771.8 42.8 24.5 -161.8 -91.9 -81.1 2.3 52.2 5

 6 Multifamily residential 62.5 41.7 86.8 46.0 7.4 -4.4 4.1 33.7 37.6 64.6 6

 7 Commercial 243.4 268.1 266.1 119.4 -93.6 -158.1 -83.5 -29.5 63.5 89.3 7

 8 Farm 9.1 3.3 4.6 22.0 11.3 8.1 13.1 6.1 10.5 15.1 8

 9 Consumer credit 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 213.1 9

 By sector

 10 Total liabilities 1826.1 2012.4 2399.4 731.2 -1364.7 -555.7 94.4 368.8 721.7 1008.7 10

 11 Domestic nonfinancial sectors 1746.2 1898.3 1842.4 373.4 -600.0 -403.3 31.9 412.9 505.4 822.8 11

 12 Household sector 1130.0 1244.6 925.5 -24.7 34.0 -76.7 -63.2 275.4 253.2 418.2 12

 13 Nonfinancial corporate business 273.8 237.7 453.0 71.7 -537.8 -308.0 91.0 11.8 129.5 186.2 13

 14 Nonfinancial noncorporate business 341.8 415.4 463.2 325.5 -97.1 -19.4 3.2 125.2 122.1 217.9 14

 15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 State and local governments 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 0.5 0.4 16

 17 Domestic financial sectors 69.4 104.6 530.9 344.2 -750.3 -176.6 17.9 -80.1 175.9 154.5 17

 18 U.S.-chartered depository institutions 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 4.6 69.2 52.3 18

 19 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 1.9 8.4 19

 20 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 7.8 12.4 20

 21 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Finance companies 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16.4 10.1 10.5 22

 23 REITs 22.5 1.6 9.5 6.5 -0.9 -0.9 18.1 8.8 4.8 21.8 23

 24 Brokers and dealers -4.5 88.2 220.4 -146.7 -89.0 29.8 31.9 32.8 68.9 65.4 24

 25 Holding companies 1.9 6.4 22.5 13.3 2.3 26.1 64.0 -120.2 13.8 -16.3 25

 26 Funding corporations 0.0 0.0 0.0 444.9 -347.6 -14.8 -51.2 -28.3 -0.7 0.0 26

 27 Rest of the world 10.5 9.5 26.1 13.6 -14.4 24.3 44.6 36.0 40.5 31.4 27

 28 Total assets 1826.1 2012.4 2399.4 731.2 -1364.7 -555.7 94.4 368.8 721.7 1008.7 28

 29 Domestic nonfinancial sectors 17.7 73.6 236.7 -138.2 119.9 147.1 127.0 153.6 176.9 172.6 29

 30 Household sector -0.9 70.8 220.4 -159.2 -47.6 1.6 -5.0 12.8 51.2 54.1 30

 31 Nonfinancial corporate business 2.0 -18.0 -16.9 -10.2 -7.9 -4.1 1.4 -0.4 -2.4 0.5 31

 32 Nonfinancial noncorporate business 5.3 -1.5 7.4 -3.0 -1.2 4.2 -5.8 -2.4 1.0 1.7 32

 33 Federal government -3.1 5.9 6.8 39.0 166.7 131.4 136.5 136.2 124.2 110.0 33

 34 State and local governments 14.4 16.5 19.0 -4.8 9.9 14.0 -0.1 7.5 2.9 6.3 34

 35 Domestic financial sectors 1777.1 1932.6 2060.5 914.1 -1440.6 -682.5 -66.5 267.4 549.1 786.0 35

 36 Monetary authority 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 -29.9 -0.5 -0.1 36

 37 U.S.-chartered depository institutions 559.2 532.0 537.6 205.6 -531.8 -252.7 77.5 258.5 170.7 439.2 37

 38 Foreign banking offices in U.S. 76.0 79.0 127.6 62.2 -136.8 -10.7 59.1 -12.9 45.7 74.7 38

 39 Banks in U.S.-affiliated areas 9.3 3.9 -2.7 0.1 -0.6 -9.8 -1.4 2.5 -1.2 -4.3 39

 40 Credit unions 45.5 36.9 33.1 36.6 7.6 -6.2 7.6 29.1 45.6 69.2 40

 41 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 2.3 2.0 41

 42 Life insurance companies 17.2 28.2 35.6 36.5 -28.9 -8.8 22.9 13.7 22.3 29.5 42

 43 Private pension funds -0.2 -0.3 2.2 -8.0 -2.4 2.8 -4.6 1.2 -0.7 0.2 43

 44 State and local govt. retirement funds -1.6 1.9 2.0 -2.8 -2.6 -0.3 -0.6 -1.0 -0.5 -0.3 44

 45 Mutual funds 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 12.2 39.4 9.4 45

 46 Government-sponsored enterprises 12.2 51.5 273.6 100.3 -282.4 -215.7 -124.7 -52.8 154.4 88.5 46

 47 Agency- and GSE-backed mortgage pools 164.5 292.6 626.0 507.4 458.3 186.9 165.3 132.2 132.4 75.3 47

 48 ABS issuers 756.1 732.8 324.9 -276.1 -337.0 -294.4 -155.8 -132.8 -228.8 -65.6 48

 49 Finance companies 117.2 94.0 24.2 -63.7 -219.4 -91.7 -45.3 -22.3 -8.2 6.4 49

 50 REITs 28.3 -10.4 -13.1 -46.5 -30.2 -1.3 11.7 8.6 135.0 32.7 50

 51 Brokers and dealers -23.9 79.4 44.6 -157.6 25.4 62.5 -32.4 50.1 46.3 38.5 51

 52 Holding companies 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 16.7 -2.8 -10.9 52

 53 Funding corporations 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 -6.5 -2.3 1.5 53

 54 Rest of the world 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -52.2 -4.2 50.1 54

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
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54 Historical Annuals, 2005-2014, September 18, 2015

F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 171.1 198.1 341.5 687.2 -766.3 -86.0 177.6 176.9 196.5 320.0 1

 2 Household sector 0.3 44.2 -9.1 4.6 28.3 50.1 -54.9 110.8 30.0 120.2 2

 3 Corporate business -27.1 22.0 96.3 64.2 -234.0 -87.0 92.1 108.0 50.1 85.9 3

 4 Noncorporate business 157.9 115.3 140.9 119.6 -102.0 -16.8 33.5 58.1 45.9 71.1 4

 5 Domestic financial sectors 22.7 -0.4 84.1 483.7 -443.8 -56.2 63.6 -130.4 31.4 14.2 5

 6 Finance companies 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16.4 10.1 10.5 6

 7 REITs 8.4 -5.0 4.8 -0.3 -12.7 -1.8 4.6 4.0 -2.9 8.0 7

 8 Brokers and dealers 7.2 11.1 4.0 32.8 -53.3 6.2 31.0 -9.2 10.4 12.0 8

 9 Holding companies 1.9 6.4 22.5 13.3 2.3 26.1 64.0 -120.2 13.8 -16.3 9

 10 Funding corporations 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 -21.5 0.0 0.0 10

 11 Rest of the world 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 39.1 28.6 11

 12 Foreign official institutions -3.6 -0.7 0.2 1.7 -0.0 2.1 -1.2 0.8 1.0 1.1 12

 13 Foreign banks 5.0 2.9 8.9 5.4 -5.2 15.6 16.8 0.6 20.0 -0.7 13

 14 Other foreign 15.9 14.7 20.2 8.0 -9.6 6.3 27.6 29.1 18.1 28.2 14

 15 Net change in assets 171.1 198.1 341.5 687.2 -766.3 -86.0 177.6 176.9 196.5 320.0 15

 16 Monetary authority (2) 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 -29.9 -0.5 -0.1 16

 17 U.S.-chartered depository institutions 88.6 120.2 227.4 136.5 -289.3 -33.2 175.8 216.8 144.3 249.8 17

 18 Foreign banking offices in U.S. 72.0 75.2 113.5 57.2 -130.4 -8.2 61.7 -11.0 46.3 67.4 18

 19 Banks in U.S.-affiliated areas 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 1.1 1.0 1.3 -2.3 19

 20 Credit unions 4.9 3.0 4.8 4.8 1.3 3.5 6.6 0.1 5.1 5.1 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, and consumer 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 the Monetary Authority sector table (F.109).
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Historical Annuals, 2005-2014, September 18, 2015 55

F.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total other loans and advances 111.4 300.6 777.4 -221.2 -444.4 -128.1 -33.6 93.3 235.3 254.4 1

 2 U.S. government loans -9.2 0.6 -2.3 6.1 66.2 3.7 4.8 2.5 7.2 2.6 2

 3 Liab.: Household sector -0.7 1.4 -0.4 0.3 -0.2 -1.0 -0.5 -0.1 1.1 1.2 3

 4 Nonfinancial corporate business 0.8 1.2 -0.2 4.4 59.6 -4.3 -0.5 5.3 0.9 -1.5 4

 5 Nonfinancial noncorporate business -3.1 4.7 1.1 2.1 3.6 0.6 2.9 0.6 2.0 -1.2 5

 6 State and local governments 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 0.5 0.4 6

 7 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Funding corporations 0.0 0.0 0.0 0.0 2.0 7.2 0.7 -6.8 -0.7 0.0 9

 10 Rest of the world -6.8 -7.4 -3.4 -1.5 0.5 0.3 1.4 3.2 3.4 3.6 10

 11 Foreign loans to U.S. corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -52.2 -4.2 50.1 11

 12 Liab.: Nonfinancial corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -52.2 -4.2 50.1 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 13

 14 Foreign banking offices in U.S. 0.1 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 0.0 -0.3 -0.1 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world -0.0 -0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 16.7 -2.8 -10.9 17

 18 Liab.: Nonfinancial corporate business 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 14.3 -0.7 -10.1 18

 19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 -2.0 -0.8 19

 20 Policy loans (Household liability) 0.8 3.3 3.6 5.9 0.7 3.4 2.4 1.4 0.9 1.7 20

 21 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 21

 22 Life insurance companies 0.8 3.4 3.6 5.9 0.7 3.4 2.5 1.4 1.0 1.7 22

 23 Govt.-sponsored enterprises loans (1) 52.4 33.1 237.7 38.1 -284.8 -144.7 -64.2 18.6 81.9 84.3 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) 1.4 1.7 1.8 -3.7 -0.4 1.6 -0.9 0.8 0.2 1.6 25

 26 Nonfinancial noncorporate business (FCS) 6.7 10.2 10.1 8.5 0.2 5.7 -2.6 7.5 2.7 9.6 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 4.6 69.2 52.3 27

 28 Credit unions (FHLB) 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 1.9 8.4 28

 29 Life insurance companies (FHLB) 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 7.8 12.4 29

 30 Securitized loans held by ABS issuers -17.6 3.8 -4.0 -15.6 -23.7 -4.9 -3.9 1.7 0.2 -1.9 30

 31 Liab.: Nonfinancial corporate business -17.6 3.8 -4.0 -15.6 -23.7 -4.9 -3.9 1.7 0.2 -1.9 31

 32 Finance company loans to business 27.6 18.9 24.9 16.9 -91.0 -15.2 3.0 11.2 14.4 10.1 32

 33 Liab.: Nonfinancial corporate business 24.9 17.0 22.4 15.2 -81.9 -13.7 2.7 10.1 12.9 9.1 33

 34 Nonfinancial noncorporate business 2.8 1.9 2.5 1.7 -9.1 -1.5 0.3 1.1 1.4 1.0 34

 35 Margin accounts at brokers and dealers -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 35.4 30.4 35

 36 Liab.: Household sector -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 35.4 30.4 36

 37 Cash accounts at brokers and dealers -11.8 77.2 216.4 -179.6 -35.7 23.5 0.9 42.0 58.5 53.5 37

 38 Asset: Household sector -11.8 77.2 216.4 -179.6 -35.7 23.5 0.9 42.0 58.5 53.5 38

 39 Loans to nonfinancial corporate business (2) 66.6 101.1 164.6 110.5 -67.1 -53.3 24.9 -13.5 43.9 34.7 39

 40 Asset: Household sector 2.7 0.4 8.5 12.2 -5.3 -0.6 -2.8 -2.5 5.0 -1.6 40

 41 Life insurance companies 4.2 6.5 9.6 14.3 -13.3 -3.7 5.4 0.4 2.6 6.3 41

 42 Mutual funds 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 12.2 39.4 9.4 42

 43 ABS issuers 37.8 61.2 92.6 53.4 -27.4 -34.0 -1.5 -2.3 -11.7 11.0 43

 44 Brokers and dealers 7.7 19.8 11.1 3.1 -12.7 -12.7 6.9 -14.8 10.9 8.2 44

 45 Funding corporations 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 -6.5 -2.3 1.5 45

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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56 Historical Annuals, 2005-2014, September 18, 2015

F.217 Total Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in mortgages 1443.2 1393.2 1129.3 230.3 -50.4 -316.2 -158.2 -70.8 113.9 221.2 1

 2 Home 1128.2 1080.1 771.8 42.8 24.5 -161.8 -91.9 -81.1 2.3 52.2 2

 3 Multifamily residential 62.5 41.7 86.8 46.0 7.4 -4.4 4.1 33.7 37.6 64.6 3

 4 Commercial 243.4 268.1 266.1 119.4 -93.6 -158.1 -83.5 -29.5 63.5 89.3 4

 5 Farm 9.1 3.3 4.6 22.0 11.3 8.1 13.1 6.1 10.5 15.1 5

 6 Net borrowing 1443.2 1393.2 1129.3 230.3 -50.4 -316.2 -158.2 -70.8 113.9 221.2 6

 7 Household sector 1060.8 1015.5 746.7 90.3 70.6 -179.1 -79.5 -71.0 9.7 51.7 7

 8 Nonfinancial business 368.3 371.1 377.9 133.2 -132.7 -137.9 -92.2 -4.7 96.4 155.7 8

 9 Corporate 190.8 87.8 69.2 -60.4 -143.0 -130.6 -61.3 -62.7 26.3 18.3 9

 10 Noncorporate 177.5 283.3 308.7 193.7 10.2 -7.3 -30.9 58.0 70.1 137.4 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 14.1 6.6 4.7 6.8 11.8 0.8 13.5 4.8 7.8 13.8 12

 13 Net change in assets 1443.2 1393.2 1129.3 230.3 -50.4 -316.2 -158.2 -70.8 113.9 221.2 13

 14 Household sector 8.1 -17.1 -12.9 1.1 -0.9 -10.9 0.9 -17.9 -6.0 8.0 14

 15 Nonfinancial corporate business 1.7 -8.4 -18.4 -7.7 -4.1 -1.6 -0.6 -1.9 1.8 1.8 15

 16 Nonfinancial noncorporate business 5.3 -1.5 7.4 -3.0 -1.2 4.2 -5.8 -2.4 1.0 1.7 16

 17 Federal government 2.4 3.7 2.1 13.5 12.6 -5.4 3.3 1.6 4.0 1.7 17

 18 State and local governments 14.4 16.5 19.0 -4.8 9.9 14.0 -0.1 7.5 2.9 6.3 18

 19 U.S.-chartered depository institutions 450.2 359.6 252.1 -0.9 -178.1 -149.2 -105.3 13.7 -26.6 117.9 19

 20 Foreign banking offices in U.S. 4.0 4.1 14.1 5.2 -6.4 -2.5 -2.6 -1.9 -0.6 7.3 20

 21 Banks in U.S.-affiliated areas 3.6 4.1 1.6 1.8 -0.3 -6.5 -2.4 1.5 -2.5 -2.1 21

 22 Credit unions 27.4 26.4 27.8 32.2 5.4 0.9 4.5 8.3 18.6 26.9 22

 23 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 2.3 2.0 23

 24 Life insurance companies 12.1 18.3 22.4 16.3 -16.3 -8.6 15.0 11.9 18.8 21.6 24

 25 Private pension funds -0.2 -0.3 2.2 -8.0 -2.4 2.8 -4.6 1.2 -0.7 0.2 25

 26 State and local govt. retirement funds -1.6 1.9 2.0 -2.8 -2.6 -0.3 -0.6 -1.0 -0.5 -0.3 26

 27 Government-sponsored enterprises (1) -40.2 18.4 35.9 62.2 2.4 -71.0 -60.5 -71.4 72.5 4.3 27

 28 Agency- and GSE-backed mortgage pools 164.5 292.6 626.0 507.4 458.3 186.9 165.3 132.2 132.4 75.3 28

 29 ABS issuers 697.5 631.6 203.6 -271.7 -248.1 -213.3 -146.2 -136.0 -216.4 -75.3 29

 30 Finance companies 65.4 52.9 -43.7 -64.2 -47.8 -54.2 -30.9 -25.7 -21.9 -8.7 30

 31 REITs 28.3 -10.4 -13.1 -46.5 -30.2 -1.3 11.7 8.6 135.0 32.7 31

(1) Sum of home mortgages, multifamily residential mortgages, commercial mortgages, and farm mortgages.
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Historical Annuals, 2005-2014, September 18, 2015 57

F.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net borrowing 1128.2 1080.1 771.8 42.8 24.5 -161.8 -91.9 -81.1 2.3 52.2 1

 2 Household sector 1053.0 997.6 733.5 93.3 66.8 -182.2 -73.1 -68.7 4.8 44.5 2

 3 Nonfinancial corporate business 7.6 8.2 2.9 -10.2 -12.4 -6.8 -3.4 -0.5 0.3 1.5 3

 4 Nonfinancial noncorporate business 67.6 74.2 35.5 -40.3 -30.0 27.1 -15.4 -11.9 -2.8 6.2 4

 5 Net change in assets 1128.2 1080.1 771.8 42.8 24.5 -161.8 -91.9 -81.1 2.3 52.2 5

 6 Household sector 5.0 -15.0 -12.1 0.4 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 6

 7 Nonfinancial corporate business 1.0 -5.1 -10.9 -4.8 -2.5 -0.9 -0.3 -2.0 3.2 3.2 7

 8 Nonfinancial noncorporate business 1.9 -0.6 2.7 -1.1 -0.4 1.5 -2.1 -0.9 0.4 0.6 8

 9 Federal government -0.4 0.2 0.3 2.7 5.7 -1.8 0.2 1.1 0.4 1.2 9

 10 State and local governments 7.4 8.5 10.0 -1.6 6.8 8.7 1.0 4.8 2.0 3.6 10

 11 U.S.-chartered depository institutions 289.4 203.3 144.5 -141.9 -125.9 -48.9 -37.6 0.0 -98.8 26.3 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 -1.5 -6.0 0.1 0.3 0.5 -0.4 1.5 12

 13 Banks in U.S.-affiliated areas 0.7 0.9 4.3 1.4 -0.3 -2.5 -2.4 2.3 -1.1 -1.5 13

 14 Credit unions 27.4 26.4 27.8 32.2 5.4 0.9 4.5 8.3 18.6 26.9 14

 15 Life insurance companies -0.6 2.9 -0.9 -0.8 0.2 0.3 -0.1 2.0 0.5 2.3 15

 16 Private pension funds -0.0 -0.1 -0.1 0.1 0.7 -0.1 -0.3 -0.1 -0.2 0.0 16

 17 State and local govt. retirement funds -0.6 0.7 0.7 -1.0 -0.9 -0.1 -0.2 -0.4 -0.2 -0.1 17

 18 Government-sponsored enterprises -54.7 3.7 -9.7 8.8 -23.2 -76.4 -66.5 -82.9 89.5 2.5 18

 19 Agency- and GSE-backed mortgage pools 169.0 302.8 625.4 502.6 445.6 175.8 148.0 105.0 98.8 51.1 19

 20 ABS issuers 590.2 523.6 60.3 -232.0 -202.1 -160.8 -120.9 -106.7 -81.8 -61.4 20

 21 Finance companies 67.8 51.6 -46.9 -74.8 -45.2 -49.8 -18.4 -11.1 -17.3 -9.8 21

 22 REITs 24.8 -23.8 -23.4 -46.1 -25.2 0.2 11.0 6.9 -3.3 13.9 22

 Memo:

 23 Charge-offs (2) 0.0 0.0 32.2 137.8 239.2 186.2 154.1 142.2 92.4 52.7 23

 24 Home equity loans included above (3) 141.5 150.5 71.5 6.5 -46.2 -52.8 -53.9 -62.7 -55.9 -24.9 24

 25 U.S.-chartered depository institutions 95.9 90.5 86.2 41.6 -21.9 -31.8 -41.1 -51.7 -46.9 -22.9 25

 26 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.4 -0.6 0.0 -0.0 -0.0 0.1 0.1 26

 27 Credit unions 12.0 11.0 7.2 4.6 -4.1 -6.4 -6.0 -6.5 -3.7 1.7 27

 28 ABS issuers 19.3 39.3 -8.8 -19.8 -10.1 -5.4 -2.7 -2.0 -1.9 -1.7 28

 29 Finance companies 14.3 9.7 -13.1 -19.5 -9.6 -9.3 -4.0 -2.4 -3.6 -2.0 29

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Charge-offs are excluded from the flow (line 1) and are accounted for as other changes in volume. Quarterly figures are shown at an unadjusted quarterly rate. Data begin 2007:Q1.

(3) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals. Home equity loans

 held by U.S.-chartered depository institutions exclude charge-offs.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 62.5 41.7 86.8 46.0 7.4 -4.4 4.1 33.7 37.6 64.6 1

 2 Nonfinancial corporate business 3.1 2.1 4.5 2.2 0.3 -0.2 0.2 1.7 1.7 3.2 2

 3 Nonfinancial noncorporate business 59.5 39.3 84.6 41.5 4.9 -4.6 3.8 33.1 32.6 60.4 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs -0.1 0.3 -2.3 2.3 2.3 0.4 0.1 -1.1 3.3 1.0 5

 6 Net change in assets 62.5 41.7 86.8 46.0 7.4 -4.4 4.1 33.7 37.6 64.6 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.0 -0.1 -0.3 -0.1 -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 8

 9 Nonfinancial noncorporate business 1.9 -0.5 2.6 -1.0 -0.4 1.5 -2.0 -0.8 0.3 0.6 9

 10 Federal government -0.0 -0.2 -0.3 0.1 0.1 -0.3 -0.3 -0.3 0.0 -0.6 10

 11 State and local governments 5.7 6.6 7.4 -2.6 2.6 4.4 -0.9 2.2 0.7 2.3 11

 12 U.S.-chartered depository institutions 30.8 16.3 7.8 14.9 -9.0 -12.2 -6.6 10.2 29.4 38.0 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.2 -0.4 -0.5 -0.6 -1.5 -0.4 0.2 13

 14 Life insurance companies 2.0 3.6 5.8 -0.1 -3.2 -1.3 2.1 1.7 2.5 2.8 14

 15 Private pension funds -0.0 -0.1 0.1 0.3 0.3 0.4 -0.3 -0.3 -0.3 -0.0 15

 16 State and local govt. retirement funds -0.5 0.6 0.6 -0.8 -0.8 -0.1 -0.2 -0.3 -0.2 -0.1 16

 17 Government-sponsored enterprises 10.5 12.4 42.3 42.5 14.2 2.0 2.8 6.2 -21.9 -2.7 17

 18 Agency- and GSE-backed mortgage pools -4.5 -12.5 -0.7 4.6 13.0 11.3 19.4 27.0 33.7 24.3 18

 19 ABS issuers 16.2 13.0 21.4 -10.8 -6.1 -8.6 -7.7 -9.6 -5.9 -1.9 19

 20 Finance companies 0.0 -0.5 -0.1 0.2 -0.7 -0.7 -1.5 -0.8 -0.8 0.1 20

 21 REITs 0.3 3.1 0.2 -0.9 -2.0 -0.3 -0.2 0.1 0.5 1.8 21
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58 Historical Annuals, 2005-2014, September 18, 2015

F.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net borrowing 243.4 268.1 266.1 119.4 -93.6 -158.1 -83.5 -29.5 63.5 89.3 1

 2 Household sector 7.8 17.9 13.3 -3.0 3.8 3.0 -6.3 -2.3 5.0 7.3 2

 3 Nonfinancial corporate business 177.5 76.2 60.1 -58.3 -134.9 -126.6 -62.6 -66.9 20.6 8.8 3

 4 Nonfinancial noncorporate business 43.8 167.8 185.7 176.3 28.1 -34.9 -27.9 33.7 33.6 60.4 4

 5 REITs 14.2 6.3 7.0 4.5 9.5 0.4 13.3 6.0 4.5 12.7 5

 6 Net change in assets 243.4 268.1 266.1 119.4 -93.6 -158.1 -83.5 -29.5 63.5 89.3 6

 7 Household sector 1.9 2.2 2.1 0.9 -0.7 -1.1 -0.6 -0.3 0.4 1.4 7

 8 Nonfinancial corporate business 0.6 -3.2 -7.3 -2.8 -1.6 -0.6 -0.2 0.1 -1.3 -1.3 8

 9 Nonfinancial noncorporate business 1.4 -0.4 2.0 -0.8 -0.3 1.1 -1.6 -0.7 0.3 0.5 9

 10 Federal government 2.8 3.7 2.1 10.4 6.4 -3.7 3.2 0.8 3.9 0.2 10

 11 State and local governments 1.2 1.3 1.5 -0.5 0.5 0.9 -0.2 0.4 0.1 0.5 11

 12 U.S.-chartered depository institutions 126.7 137.8 98.1 117.4 -36.8 -95.1 -62.9 -8.1 38.8 60.1 12

 13 Foreign banking offices in U.S. 4.0 4.1 14.1 6.8 0.1 -2.1 -2.3 -0.9 0.2 5.5 13

 14 Banks in U.S.-affiliated areas 2.9 3.2 -2.7 0.4 -0.0 -4.0 -0.1 -0.8 -1.4 -0.5 14

 15 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 2.3 2.0 15

 16 Life insurance companies 10.2 11.1 16.8 14.9 -11.5 -6.8 12.3 9.8 15.4 14.9 16

 17 Private pension funds -0.1 -0.2 2.2 -8.4 -3.5 2.5 -4.0 1.6 -0.1 0.2 17

 18 State and local govt. retirement funds -0.5 0.6 0.7 -1.0 -0.9 -0.1 -0.2 -0.3 -0.2 -0.1 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 91.1 95.0 121.8 -28.9 -39.9 -43.9 -17.6 -19.7 -128.7 -12.0 20

 21 Finance companies -2.4 1.8 3.3 10.5 -1.9 -3.7 -11.0 -13.8 -3.8 1.1 21

 22 REITs 3.2 10.3 10.1 0.4 -2.9 -1.2 0.9 1.5 137.7 17.0 22

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 9.1 3.3 4.6 22.0 11.3 8.1 13.1 6.1 10.5 15.1 1

 2 Nonfinancial corporate business 2.5 1.3 1.8 5.9 4.0 3.1 4.5 3.0 3.8 4.8 2

 3 Nonfinancial noncorporate business 6.6 2.0 2.9 16.1 7.3 5.0 8.6 3.1 6.7 10.3 3

 4 Net change in assets 9.1 3.3 4.6 22.0 11.3 8.1 13.1 6.1 10.5 15.1 4

 5 Household sector 1.2 -4.3 -2.8 -0.1 7.8 -1.7 9.5 -9.6 1.6 14.6 5

 6 Nonfinancial noncorporate business 0.1 -0.0 0.1 -0.1 -0.0 0.1 -0.1 -0.0 0.0 0.0 6

 7 Federal government -0.0 -0.0 0.1 0.2 0.4 0.4 0.3 0.1 -0.3 0.9 7

 8 State and local governments 0.1 0.1 0.1 -0.0 0.0 0.1 -0.0 0.0 0.0 0.0 8

 9 U.S.-chartered depository institutions 3.3 2.2 1.7 8.7 -6.4 7.0 1.7 11.6 4.0 -6.5 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 0.0 -0.0 0.2 10

 11 Life insurance companies 0.6 0.7 0.7 2.3 -1.7 -0.9 0.6 -1.5 0.4 1.5 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 4.0 2.2 3.3 10.9 11.4 3.4 3.3 5.3 5.0 4.4 13

 14 Agency- and GSE-backed mortgage pools -0.1 2.3 1.4 0.1 -0.2 -0.2 -2.1 0.3 -0.2 -0.1 14

(1) Excludes mortgages on farm houses.
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Historical Annuals, 2005-2014, September 18, 2015 59

F.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities (Households) 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 213.1 1

 2 Net change in assets 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 213.1 2

 3 Households (nonprofit organizations) (1) 0.0 10.4 8.4 7.1 -5.8 -10.4 -3.9 -8.8 -6.3 -5.7 3

 4 Nonfinancial corporate business 0.4 -9.6 1.5 -2.5 -3.8 -2.5 2.0 1.5 -4.2 -1.3 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 113.1 105.7 6

 7 U.S.-chartered depository institutions 20.5 52.2 58.1 70.1 -64.5 -70.3 7.1 28.1 52.9 71.5 7

 8 Credit unions 13.2 7.5 0.5 -0.4 0.9 -10.7 -3.4 20.6 21.9 37.2 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers 38.4 36.2 32.8 -42.3 -37.8 -42.3 -4.1 3.8 -0.8 0.6 10

 11 Finance companies 24.2 22.3 43.0 -16.5 -80.6 -22.2 -17.4 -7.8 -0.6 5.0 11

 Memo:

 12 Credit card loans (3) 32.3 56.3 78.0 2.4 -87.9 -69.9 1.8 4.7 12.3 31.8 12

 13 Auto loans 25.2 -5.2 16.2 -23.9 -58.2 -40.6 17.1 60.0 69.6 79.0 13

 14 Student loans (4) 0.0 32.8 66.7 81.9 94.3 83.9 99.1 107.7 90.7 73.7 14

 15 Other consumer credit (5) 42.9 36.4 -9.6 -25.5 -51.7 1.2 -9.5 -2.9 3.3 28.6 15

(1) Student loans originated under the Federal Family Education Loan Program.

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
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60 Historical Annuals, 2005-2014, September 18, 2015

F.223 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net issues -35.1 -299.6 -379.0 285.1 328.4 19.9 -283.6 -80.8 93.9 268.5 1

 2 Nonfinancial corporate business -300.2 -496.9 -706.3 -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 -387.5 2

 3 Domestic financial sectors 78.4 60.0 179.6 639.2 315.9 191.4 164.1 168.4 162.5 219.5 3

 4 U.S.-chartered depository institutions 8.4 10.2 7.5 12.1 11.6 11.9 6.4 1.6 2.2 2.7 4

 5 Property-casualty insurance companies -2.8 -8.5 -13.2 0.4 -5.3 -12.7 -10.7 -14.5 -7.6 -16.9 5

 6 Life insurance companies -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 -9.9 -9.2 -14.9 6

 7 Closed-end funds 20.5 8.5 18.4 -61.9 7.1 0.5 -2.9 2.7 -2.6 -10.7 7

 8 Exchange-traded funds 56.7 74.0 150.6 177.2 116.5 118.0 117.6 185.2 179.0 239.2 8

 9 REITs 16.1 22.2 17.1 12.8 24.2 28.2 37.5 47.6 46.2 32.7 9

 10 Government-sponsored enterprises 4.2 1.1 25.5 27.6 96.0 38.1 29.2 14.5 2.4 -0.5 10

 11 Brokers and dealers 3.3 -7.6 32.3 120.2 -32.4 -11.1 14.1 -50.7 -31.0 -11.7 11

 12 Holding companies -20.0 -19.8 -28.0 321.4 68.6 19.8 2.9 0.6 -17.1 -0.3 12

 13 Funding corporations (2) 0.0 0.0 0.0 40.0 30.5 3.5 -18.4 -8.6 0.0 0.0 13

 14 Rest of the world (3) 186.7 137.3 147.8 -38.6 63.7 79.2 7.0 95.8 284.3 436.5 14

 15 Net purchases -35.1 -299.6 -379.0 285.1 328.4 19.9 -283.6 -80.8 93.9 268.5 15

 16 Household sector -408.1 -594.5 -1045.7 -305.6 -18.6 -190.3 -279.5 -202.7 160.8 54.4 16

 17 Federal government 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 -4.8 -1.6 17

 18 State and local governments 4.3 4.7 5.0 -8.1 -1.6 0.2 -3.4 2.4 0.8 2.4 18

 19 Monetary authority 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 0.0 0.0 19

 20 U.S.-chartered depository institutions -0.9 -0.4 1.4 0.9 6.3 -1.8 1.0 -10.5 0.8 0.7 20

 21 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 -0.0 0.0 0.0 0.0 21

 22 Property-casualty insurance companies -6.3 -1.9 2.0 35.4 -2.8 -20.9 2.9 4.6 3.7 2.6 22

 23 Life insurance companies 65.9 71.4 84.1 81.8 33.4 12.7 33.2 16.1 13.7 28.1 23

 24 Private pension funds -49.0 -95.5 -3.3 -64.9 -91.2 22.7 -72.6 -19.0 -194.9 -95.3 24

 25 Federal government retirement funds 6.7 5.9 1.9 -8.4 8.8 5.4 -4.2 -4.1 9.1 4.0 25

 26 State and local govt. retirement funds 50.7 -9.7 59.0 101.2 1.6 -72.1 -62.8 -77.2 -168.4 -94.8 26

 27 Mutual funds 129.6 131.3 91.3 -38.1 86.5 44.3 4.9 -38.1 162.5 76.3 27

 28 Closed-end funds 18.3 2.4 18.8 -21.3 -3.4 -4.7 -1.2 -8.5 -16.1 -6.9 28

 29 Exchange-traded funds 50.0 68.3 137.3 154.2 70.5 88.3 71.6 132.9 166.8 188.2 29

 30 Brokers and dealers 20.1 -0.2 25.4 -28.5 -4.6 -18.5 -5.0 9.7 18.6 8.7 30

 31 Funding corporations 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 0.0 0.0 31

 32 Rest of the world (4) 83.6 118.7 243.9 130.0 192.7 127.8 44.0 126.8 -58.7 101.8 32

(1) Excludes mutual fund shares shown on table F.224.

(2) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(3) Net purchases of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

(4) Net purchases of U.S. issues by foreign residents.

F.224 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 624.9 638.4 595.2 1

 2 Net purchases 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 624.9 638.4 595.2 2

 3 Household sector 197.3 182.4 281.7 100.2 264.5 164.7 257.3 471.3 513.8 404.8 3

 4 Nonfinancial corporate business 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.7 1.0 15.4 4

 5 State and local governments 3.4 4.0 4.5 -0.8 2.0 3.0 -0.2 1.2 0.4 1.3 5

 6 U.S.-chartered depository institutions -1.8 3.9 3.6 1.3 14.8 -5.8 -0.8 -1.1 1.6 -0.7 6

 7 Credit unions -1.0 -0.1 -0.0 -0.0 -0.7 0.2 0.3 0.4 -0.1 -0.1 7

 8 Property-casualty insurance companies 0.5 4.7 -2.0 -0.7 0.5 -0.1 -0.7 1.8 1.0 1.4 8

 9 Life insurance companies -9.9 26.9 31.3 -10.7 0.0 33.9 5.6 0.4 1.1 1.3 9

 10 Private pension funds 72.6 77.5 56.1 -19.7 164.8 100.9 66.3 74.1 103.8 106.0 10

 11 State and local govt. retirement funds -7.3 -8.8 -21.5 -36.1 -3.5 4.0 -51.3 -11.3 35.9 17.7 11

 12 Rest of the world 5.6 22.7 12.7 -26.9 19.4 58.2 74.7 89.7 -20.0 48.1 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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Historical Annuals, 2005-2014, September 18, 2015 61

F.225 Trade Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in trade payables 335.6 186.2 200.1 -164.5 7.8 154.9 128.6 134.6 195.4 178.3 1

 2 Household sector 13.0 13.6 14.6 22.2 41.4 -29.4 1.2 4.0 1.0 3.1 2

 3 Nonfinancial corporate business 199.0 109.1 85.1 -225.2 -82.6 156.3 25.2 65.4 106.7 87.6 3

 4 Nonfinancial noncorporate business 49.7 14.3 26.0 5.8 16.9 30.3 54.8 13.1 19.9 33.8 4

 5 Federal government 33.7 6.2 29.3 22.6 -56.2 5.2 8.8 13.4 19.7 18.4 5

 6 State and local governments 31.9 34.3 36.7 38.6 38.9 38.5 38.4 38.1 38.0 38.8 6

 7 Brokers and dealers 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.8 -0.0 0.3 3.4 7

 8 Rest of the world 1.3 3.5 10.7 -3.7 0.5 6.0 4.0 0.7 9.8 -6.8 8

 9 Net change in trade receivables 382.1 45.6 248.7 -190.5 -113.2 156.3 171.4 74.6 316.8 164.9 9

 10 Nonfinancial corporate business 277.6 -10.7 162.6 -168.2 -29.5 96.9 83.7 52.0 277.2 108.8 10

 11 Nonfinancial noncorporate business 66.6 40.0 54.7 -3.0 -26.3 37.0 61.0 4.6 17.3 30.0 11

 12 Federal government 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 3.3 2.2 12

 13 State and local governments 17.4 8.9 7.8 -15.4 -4.6 13.1 5.6 5.3 8.9 8.5 13

 14 Property-casualty insurance companies 2.4 4.9 -1.6 1.3 -3.7 0.8 3.4 4.8 3.3 5.5 14

 15 ABS issuers -2.8 8.5 3.4 -16.1 -34.3 -9.5 -4.2 -6.4 -5.4 -4.4 15

 16 Rest of the world 11.6 5.7 20.6 6.7 6.3 18.6 17.1 11.6 12.3 14.3 16

 17 Discrepancy -46.5 140.6 -48.6 26.1 121.0 -1.4 -42.8 60.0 -121.4 13.4 17

F.226 Life Insurance Reserves

Billions of dollars

 1 Net change in liabilities 15.1 65.6 34.8 65.1 27.4 14.4 81.1 -11.9 30.0 56.3 1

 2 Federal government 1.1 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 0.8 2

 3 Life insurance companies 14.0 64.1 33.2 64.2 26.3 13.6 79.9 -12.2 29.8 55.5 3

 4 Net change in assets 15.1 65.6 34.8 65.1 27.4 14.4 81.1 -11.9 30.0 56.3 4

 5 Households 15.1 57.8 18.6 59.9 24.6 6.2 73.5 -26.6 19.2 45.3 5

 6 U.S.-chartered depository institutions 0.0 8.2 10.9 6.4 0.8 4.5 5.2 7.4 5.7 5.9 6

 7 Holding companies 0.0 -0.4 5.3 -1.2 2.1 3.8 2.4 7.3 5.1 5.0 7
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62 Historical Annuals, 2005-2014, September 18, 2015

F.227 Pension Entitlements

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 532.3 1

 2 Life insurance companies (1) 119.9 95.9 106.8 168.6 -77.6 73.4 83.6 77.8 66.4 85.6 2

 3 Private pension funds (2) 169.5 189.3 158.4 20.6 245.9 231.6 140.8 194.4 148.6 110.0 3

 4 Federal government retirement funds (3) 97.8 95.3 95.4 96.5 93.7 102.1 113.0 102.1 107.6 112.8 4

 5 State and local govt. retirement funds 211.4 221.4 235.9 179.7 230.7 244.0 202.1 207.0 207.3 223.9 5

 6 Net change in assets (Households) (4) 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 532.3 6

 Memo:

 7 Individual Retirement Accounts (IRAs) at: (5) 206.4 247.4 342.5 226.8 207.0 213.4 380.0 261.0 229.9 241.0 7

 8 U.S.-chartered depository institutions 7.4 30.6 22.2 44.2 30.7 26.6 20.3 24.4 -0.4 0.1 8

 9 Credit unions 1.6 3.9 5.0 7.2 8.7 3.0 1.2 1.4 -0.7 -1.6 9

 10 Life insurance companies 28.2 12.2 16.4 -16.7 16.6 28.0 15.8 25.8 18.3 14.4 10

 11 Money market mutual funds 6.0 34.0 44.0 47.0 -42.0 -24.0 9.0 5.0 14.0 -11.0 11

 12 Mutual funds 83.6 127.1 132.7 -115.5 180.2 157.8 60.3 128.0 128.1 93.6 12

 13 Other self-directed accounts 79.6 39.6 122.1 260.6 12.8 22.0 273.4 76.5 70.5 145.5 13

(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), except those at life insurance companies.

(5) Assets of the household sector (F.101). Figures for depositories (lines 8 and 9) include Keogh accounts. Variable annuities in IRAs are included in the life insurance sector (line 10)

 and excluded from the money market mutual fund and mutual fund sectors (lines 11 and 12).

F.228 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all -4.7 22.5 -69.3 -123.8 -3.4 19.4 20.1 16.8 12.2 22.2 1

 businesses

 2 Nonfinancial corporate business -1.8 -0.8 -49.6 3.1 -3.3 7.2 8.8 2.3 -9.1 0.1 2

 3 Nonfinancial noncorporate business 8.7 9.0 3.8 6.7 -6.3 -0.7 0.6 7.6 3.6 6.2 3

 4 U.S.-chartered depository institutions -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 7.0 0.1 15.2 4

 5 Property-casualty insurance companies -3.1 11.0 -2.4 -28.1 5.3 5.6 -4.4 3.8 19.1 1.9 5

 6 Life insurance companies -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 -4.6 -2.3 -1.9 6

 7 Finance companies 1.9 0.0 -1.5 -0.1 -2.8 0.3 0.5 0.2 0.1 0.3 7

 8 Brokers and dealers -0.1 0.7 -0.6 0.3 3.2 -2.1 -1.1 0.5 0.6 0.3 8

 9 Net change in business taxes receivable 40.3 5.6 -32.4 -57.0 30.1 28.1 27.9 30.4 30.8 -13.8 9

 10 Federal government 26.0 -6.5 -35.3 -62.2 35.9 27.1 25.6 22.0 27.2 -19.9 10

 11 State and local governments 14.3 12.1 3.0 5.2 -5.8 1.0 2.3 8.4 3.6 6.2 11

 12 Discrepancy -45.0 16.9 -36.9 -66.8 -33.5 -8.6 -7.8 -13.6 -18.6 35.9 12

F.229 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -52.8 -5.5 -46.7 -306.1 -107.6 167.2 171.5 140.5 76.5 39.1 1

 2 Nonfinancial noncorporate business -51.6 1.3 -50.3 -317.7 -108.2 166.4 174.4 133.7 82.1 37.1 2

 3 Brokers and dealers -1.2 -6.8 3.6 11.6 0.6 0.9 -2.9 6.7 -5.6 2.0 3
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Historical Annuals, 2005-2014, September 18, 2015 63

F.230 Direct Investment

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world (1) 36.2 244.9 414.0 329.1 310.4 301.1 419.1 339.7 328.6 336.9 1

 2 Equity 51.6 266.3 431.4 360.1 262.1 343.0 401.5 322.6 336.9 355.6 2

 3 Equity (other than reinvested earnings) 61.9 49.0 200.9 127.0 34.6 40.6 89.1 37.2 17.2 8.0 3

 4 Reinvested earnings -10.3 217.3 230.5 233.1 227.4 302.5 312.4 285.3 319.7 347.6 4

 5 Of which: Current-cost adjustment 20.9 20.7 20.5 20.8 22.5 23.3 22.5 21.5 20.7 20.4 5

 6 Intercompany debt (2) -15.4 -21.4 -17.3 -31.1 48.3 -42.0 17.5 17.1 -8.3 -18.7 6

 7 U.S. parents’ claims -4.4 11.7 22.7 -29.0 52.5 1.5 42.2 18.1 9.6 -2.1 7

 8 Less: U.S. parents’ liabilities 11.0 33.1 40.0 2.0 4.2 43.5 24.7 1.0 17.9 16.6 8

 9 Asset: Nonfinancial corporate business 24.7 219.2 307.0 262.6 269.7 303.3 403.9 319.2 305.0 311.0 9

 10 Of which: Current-cost adjustment 20.9 20.7 20.5 20.8 22.5 23.3 22.5 21.5 20.7 20.4 10

 11 U.S.-chartered depository institutions 0.5 -1.7 32.8 17.6 -0.8 2.7 -6.2 -1.6 0.3 4.7 11

 12 Property-casualty insurance companies 10.8 3.1 17.6 6.8 16.3 -22.2 1.1 0.4 10.2 4.0 12

 13 Life insurance companies 1.4 0.8 5.8 4.6 1.6 1.9 3.3 5.9 2.9 2.2 13

 14 Finance companies 4.5 8.0 26.4 24.2 11.0 6.8 12.0 8.5 -1.4 7.9 14

 15 Brokers and dealers -5.7 15.6 24.4 13.3 12.5 8.7 4.9 7.3 11.7 7.2 15

 Foreign direct investment in U.S.:

 16 Liab.: Nonfinancial corporate business 98.7 192.0 212.1 189.6 104.6 157.0 192.7 188.3 184.9 97.1 16

 17 Of which: Current-cost adjustment 7.9 6.0 5.2 3.7 6.8 7.8 6.2 5.4 5.1 5.0 17

 18 Nonfinancial noncorporate business 0.1 -0.9 -0.2 -0.2 0.1 0.3 0.0 0.4 0.6 0.8 18

 19 Foreign banking offices in U.S. 9.4 13.8 -0.8 24.8 16.6 12.4 26.0 -1.9 9.5 0.7 19

 20 Property-casualty insurance companies -0.1 23.1 7.1 14.9 2.4 2.8 -2.2 -8.2 11.5 -0.5 20

 21 Life insurance companies 0.4 14.4 -1.0 12.5 11.1 6.3 -5.4 2.4 0.9 5.8 21

 22 Finance companies 6.3 5.2 -5.6 12.2 12.8 13.2 6.1 -3.3 2.3 3.3 22

 23 Brokers and dealers -2.6 -5.1 9.0 55.8 2.1 13.2 18.2 15.4 6.2 3.7 23

 24 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 24

 25 Asset: Rest of the world (1) 112.6 243.2 221.2 310.1 150.4 205.9 236.1 193.8 216.6 111.6 25

 26 Equity 112.5 184.1 190.4 294.9 148.5 203.1 185.1 193.8 211.8 68.9 26

 27 Equity (other than reinvested earnings) 70.7 115.0 142.3 255.7 126.8 140.5 106.5 106.3 127.1 -30.1 27

 28 Reinvested earnings 41.7 69.1 48.2 39.1 21.7 62.7 78.6 87.5 84.7 99.0 28

 29 Of which: Current-cost adjustment 7.9 6.0 5.2 3.7 6.8 7.8 6.2 5.4 5.1 5.0 29

 30 Intercompany debt 0.2 59.0 30.7 15.2 2.0 2.7 51.0 -0.0 4.8 42.7 30

 31 U.S. affiliates’ liabilities 14.9 77.1 109.6 35.9 1.1 12.7 47.7 37.2 57.5 46.4 31

 32 Less: U.S. affiliates’ claims 14.7 18.0 78.9 20.6 -0.9 10.0 -3.4 37.2 52.7 3.7 32

 Memo:

 Direct investment, asset/liability presentation:

 33 Net U.S. acquisition of direct investment assets 61.9 296.1 532.9 351.7 313.7 354.6 440.4 377.9 399.2 357.2 33

 34 Equity (line 2) 51.6 266.3 431.4 360.1 262.1 343.0 401.5 322.6 336.9 355.6 34

 35 Intercompany debt 10.3 29.7 101.6 -8.4 51.7 11.5 38.9 55.3 62.3 1.6 35

 36 U.S. parents’ claims (line 7) -4.4 11.7 22.7 -29.0 52.5 1.5 42.2 18.1 9.6 -2.1 36

 37 U.S. affiliates’ claims (line 32) 14.7 18.0 78.9 20.6 -0.9 10.0 -3.4 37.2 52.7 3.7 37

 38 Net U.S. incurrence of direct investment liabilities 138.3 294.3 340.1 332.7 153.8 259.3 257.4 232.0 287.2 131.8 38

 39 Equity (line 26) 112.5 184.1 190.4 294.9 148.5 203.1 185.1 193.8 211.8 68.9 39

 40 Intercompany debt 25.9 110.1 149.6 37.9 5.3 56.2 72.4 38.2 75.4 63.0 40

 41 U.S. parents’ liabilities (line 8) 11.0 33.1 40.0 2.0 4.2 43.5 24.7 1.0 17.9 16.6 41

 42 U.S. affiliates’ liabilities (line 31) 14.9 77.1 109.6 35.9 1.1 12.7 47.7 37.2 57.5 46.4 42

(1) Direct investment is valued on a current-cost basis and presented on a directional basis.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
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64 Historical Annuals, 2005-2014, September 18, 2015

F.231 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 1163.3 1416.6 1957.6 871.2 190.4 500.7 1076.3 953.5 985.3 1191.9 1

 2 Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 2

 3 Nonfinancial corporate business 703.0 647.6 1087.2 425.1 141.9 488.5 827.6 710.2 642.7 632.6 3

 4 Nonfinancial noncorporate business 142.7 144.6 93.9 114.3 32.6 -54.3 -21.0 51.8 -85.3 5.6 4

 5 Federal government 71.1 68.5 70.9 43.7 35.1 45.0 53.0 55.4 4.1 36.2 5

 6 State and local governments 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 237.1 6

 7 Monetary authority 2.8 3.2 2.1 2.6 4.9 28.7 -27.2 4.0 9.8 3.5 7

 8 U.S.-chartered depository institutions 17.7 47.9 112.3 -144.4 358.2 -8.9 -94.9 147.1 120.1 318.5 8

 9 Foreign banking offices in U.S. 31.7 27.2 68.5 80.2 -158.9 -30.5 10.1 -35.7 -33.2 -11.7 9

 10 Banks in U.S.-affiliated areas -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 -2.0 -3.0 -1.6 10

 11 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.3 1.3 0.3 1.5 1.2 11

 12 Property-casualty insurance companies 52.3 16.6 18.7 25.4 -5.0 6.3 35.2 -1.0 -0.3 14.8 12

 13 Life insurance companies 29.4 40.0 79.1 -80.7 87.5 59.4 48.3 29.9 -12.9 30.9 13

 14 Government-sponsored enterprises 0.0 12.0 18.4 38.1 62.3 -42.2 -49.2 -6.1 -9.4 -3.6 14

 15 Finance companies 21.9 8.4 -1.3 -1.9 -104.1 -71.7 -19.1 -22.3 -28.2 -18.5 15

 16 REITs 4.5 7.7 4.6 -2.7 -5.3 4.1 7.1 25.4 -21.7 11.8 16

 17 Brokers and dealers 28.8 102.9 37.2 -171.9 61.7 9.0 -19.4 -7.7 41.3 -19.9 17

 18 Holding companies -61.4 110.5 6.8 -164.0 -26.9 -68.5 -36.2 -98.6 222.0 -31.1 18

 19 Funding corporations 22.3 40.2 164.6 -0.4 -103.1 -104.6 -84.3 -70.0 -86.5 -3.9 19

 20 Rest of the world 20.9 43.3 67.8 522.0 -518.3 2.7 132.9 -140.0 -23.3 -11.0 20

 21 Net change in assets 1456.4 1952.7 1720.7 9.7 -89.2 232.7 687.1 566.5 1320.1 937.8 21

 22 Household sector 58.0 37.4 46.0 55.1 34.9 8.3 61.6 -6.1 49.3 8.5 22

 23 Nonfinancial corporate business 417.7 502.0 629.3 -614.5 -167.9 214.8 25.8 107.1 302.2 168.9 23

 24 Nonfinancial noncorporate business 256.7 381.9 330.8 107.5 -92.5 105.0 109.1 222.4 43.6 131.4 24

 25 State and local governments 5.8 6.6 7.3 -5.6 25.9 -22.0 -1.1 7.2 5.4 7.6 25

 26 Federal government 1.9 3.1 2.0 -28.0 35.2 -3.6 2.0 -1.0 5.9 12.5 26

 27 Monetary authority -3.2 0.1 25.4 530.7 -494.9 7.3 142.4 -25.6 32.3 -0.5 27

 28 U.S.-chartered depository institutions 45.7 -19.7 24.9 31.3 27.5 -99.7 -68.5 -10.7 -4.6 -8.1 28

 29 Foreign banking offices in U.S. 3.4 3.3 8.3 3.1 -4.4 -15.3 15.0 -0.3 13.1 14.4 29

 30 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 0.2 8.6 12.8 30

 31 Credit unions 0.1 5.0 5.2 -0.4 0.2 41.1 -12.1 0.8 -1.6 5.3 31

 32 Life insurance companies 10.6 40.5 33.7 31.5 -23.1 -7.6 56.4 26.8 28.0 71.9 32

 33 Private pension funds 92.0 143.3 62.3 118.1 172.1 -3.6 49.6 15.8 133.3 85.4 33

 34 Federal government retirement funds 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 22.8 34

 35 State and local govt. retirement funds 126.3 145.1 156.6 130.9 326.5 278.1 307.2 304.2 246.7 244.5 35

 36 Money market mutual funds -8.9 6.8 29.4 -33.9 -8.3 -3.4 -0.8 6.1 2.8 -14.3 36

 37 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 -33.1 19.1 -4.3 37

 38 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 4.1 13.1 -11.0 38

 39 Finance companies 47.7 -42.5 -36.1 -21.2 15.6 -101.2 -5.9 -34.2 -16.9 9.3 39

 40 REITs 11.6 7.8 -4.4 -0.8 10.2 1.3 8.5 25.8 12.2 16.9 40

 41 Brokers and dealers 223.4 409.5 22.9 -628.4 42.4 -112.9 -106.6 -68.7 145.2 49.3 41

 42 Holding companies 48.8 245.8 175.6 314.9 71.3 -37.7 60.6 -31.8 278.8 111.2 42

 43 Funding corporations 67.9 31.1 117.6 42.1 -67.2 -58.4 19.6 7.2 13.0 3.0 43

 44 Discrepancy -293.1 -536.1 236.9 861.5 279.6 268.1 389.1 387.0 -334.8 254.1 44
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Historical Annuals, 2005-2014, September 18, 2015 65

F.232 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 Federal government equity in IBRD, etc.:

 1 Liab.: Rest of the world 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 2.3 1

 2 Asset: Federal government 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 2.3 2

 Federal Reserve Bank stock:

 3 Liab.: Monetary authority 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 0.1 1.1 3

 4 Asset: U.S.-chartered depository institutions 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 0.1 1.1 4

 Equity in govt.-sponsored enterprises:

 5 Liab.: Government-sponsored enterprises 1.9 0.2 9.1 -4.2 0.0 -2.7 -5.9 -1.8 0.5 1.2 5

 6 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.1 0.1 -0.1 0.0 0.1 -0.0 0.0 0.0 0.1 6

 7 Nonfinancial noncorporate (FCS) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 0.1 0.6 0.8 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 U.S.-chartered depository institutions (FHLB) 2.0 -0.2 7.0 -6.5 0.7 -3.0 -6.1 -2.2 -0.6 -0.6 9

 10 Credit unions (FHLB) 0.1 0.2 0.6 0.3 -0.4 -0.2 0.7 0.1 -0.6 0.6 10

 11 Life insurance companies (FHLB) -0.1 0.0 0.6 1.0 -0.3 -0.0 -0.8 0.1 1.0 0.4 11

 Holding company net transactions with subsidiaries:

 12 Liab.: U.S.-chartered depository institutions 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 59.2 195.9 12

 13 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -6.8 -6.0 0.1 13

 14 Life insurance companies 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 10.3 3.4 0.8 14

 15 Finance companies -38.9 3.2 41.5 -7.3 -23.3 -39.5 -20.3 -3.5 -15.8 -13.1 15

 16 Brokers and dealers 87.0 27.2 -57.5 98.2 -173.1 -24.3 -13.0 52.3 57.1 4.8 16

 17 Rest of the world 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 -16.9 -14.6 17

 18 Asset: Holding companies 105.3 171.7 145.5 183.0 3.1 2.4 82.7 101.9 81.0 173.9 18

 NFC investment in finance company subsidiaries:

 19 Liab.: Finance companies 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 2.6 14.7 14.1 19

 20 Asset: Nonfinancial corporate business 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 2.6 14.7 14.1 20

 Funding corporations’ investment in subsidiaries:

 21 Liab.: Foreign banking offices in U.S. 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 -2.5 -20.3 21

 22 Brokers and dealers 46.9 22.6 73.9 6.4 6.3 -26.9 53.4 19.0 15.5 23.3 22

 23 Asset: Funding corporations 67.9 31.1 117.6 42.1 -67.2 -58.4 19.6 7.2 13.0 3.0 23

 Equity investment under Public-Private Inv. Program:

 24 Liab.: Funding corporations 0.0 0.0 0.0 0.0 2.4 7.9 1.4 0.1 0.0 0.0 24

 25 Asset: Households (2) 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 0.0 0.0 25

 26 Federal government 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 0.0 0.0 26

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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66 Historical Annuals, 2005-2014, September 18, 2015

F.233 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 -8.6 1.3 1

 2 Asset: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 2

 3 Monetary authority (1) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 -8.6 1.3 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 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.8 -0.2 1.9 -5.4 0.4 -1.5 -1.8 1.2 -3.2 -1.5 6

 7 Asset: U.S.-chartered depository institutions 0.8 -0.2 1.9 -5.4 0.4 -1.5 -1.8 1.2 -3.2 -1.5 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 8

 9 Asset: Life insurance companies 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 9.5 14.8 15.5 17.6 8.4 17.1 14.8 -1.8 0.4 5.8 10

 11 Accident and health 7.9 11.5 13.5 19.5 9.7 17.0 15.6 -2.4 0.2 5.5 11

 12 Policy dividend accumulation 1.0 0.8 0.2 -3.4 -1.1 0.4 -1.8 0.4 0.2 0.2 12

 13 Contract claims 0.6 2.5 1.8 1.5 -0.1 -0.4 0.9 0.3 -0.0 0.1 13

 14 Asset: Household sector 9.5 14.8 15.5 17.6 8.4 17.1 14.8 -1.8 0.4 5.8 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 52.3 16.6 18.7 25.4 -5.0 6.3 35.2 5.8 5.7 14.7 15

 16 Asset: Household sector 25.6 4.6 6.7 11.0 8.7 -35.2 27.6 -17.7 36.8 -7.7 16

 17 Nonfinancial corporate business 21.2 7.6 8.3 10.9 -4.0 11.7 12.3 8.0 -5.8 10.0 17

 18 Nonfinancial noncorporate business 5.5 4.4 3.7 3.4 -9.8 29.9 -4.7 15.4 -25.3 12.4 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 16.9 2.0 36.8 -74.9 111.9 12.6 12.0 0.8 -11.4 8.3 19

 20 Asset: Private pension funds 7.2 -12.3 25.6 -38.0 88.4 -1.0 22.7 5.6 -3.3 3.1 20

 21 State and local government retirement funds 9.7 14.3 11.1 -36.8 23.4 13.6 -10.7 -4.8 -8.1 5.3 21

 Pension fund contributions payable:

 22 Liab.: Nonfinancial corporate business -1.9 -2.0 4.5 14.7 -8.6 15.4 3.0 -12.3 -2.5 -1.1 22

 23 Asset: Private pension funds -1.9 -2.0 4.5 14.7 -8.6 15.4 3.0 -12.3 -2.5 -1.1 23

 Securities borrowed (net):

 24 Liab.: Funding corporations 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -74.6 -79.2 94.0 47.1 24

 25 Asset: Brokers and dealers 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -74.6 -79.2 94.0 47.1 25

 Retiree health care funds (2):

 26 Liab.: Federal government 23.0 18.1 23.8 26.5 16.6 22.5 18.5 13.3 12.2 10.4 26

 27 Asset: Household sector 23.0 18.1 23.8 26.5 16.6 22.5 18.5 13.3 12.2 10.4 27

 Claims of pension fund on sponsor (3):

 28 Liab.: Nonfinancial corporate business 93.0 148.4 -0.2 141.0 63.0 -32.1 -19.5 -11.6 110.9 54.4 28

 29 Federal government 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 22.8 29

 30 State and local governments 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 237.1 30

 31 Asset: Private pension funds 93.0 148.4 -0.2 141.0 63.0 -32.1 -19.5 -11.6 110.9 54.4 31

 32 Federal government retirement funds 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 22.8 32

 33 State and local govt. retirement funds 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 237.1 33

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

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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Historical Annuals, 2005-2014, September 18, 2015 67

F.234 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Net change in liabilities 435.5 538.7 1420.4 119.9 317.8 343.1 543.2 652.3 438.1 595.7 1

 2 Nonfinancial corporate business 611.9 501.2 1082.8 269.3 87.5 505.2 844.1 734.2 534.3 579.2 2

 3 Nonfinancial noncorporate business 142.7 144.6 93.9 114.3 32.6 -54.3 -21.0 51.8 -85.3 5.6 3

 4 Federal government 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 1.3 3.0 4

 5 Monetary authority 1.1 1.4 -1.0 0.0 0.4 27.8 -27.5 3.5 9.7 2.4 5

 6 U.S.-chartered depository institutions -10.1 -49.3 -1.7 -258.1 191.5 -42.3 -171.0 45.9 60.9 122.5 6

 7 Foreign banking offices in U.S. 10.6 18.6 24.8 44.6 -85.3 1.1 43.8 -23.9 -30.7 8.6 7

 8 Banks in U.S.-affiliated areas -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 -2.0 -3.0 -1.6 8

 9 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.3 1.3 0.3 1.5 1.2 9

 10 Life insurance companies -6.7 20.5 21.4 -11.0 -42.1 7.4 12.2 20.6 -5.2 16.0 10

 11 Government-sponsored enterprises -2.7 12.0 7.3 47.7 61.9 -37.9 -41.4 -5.4 -6.7 -3.4 11

 12 Finance companies -3.7 -17.8 12.0 6.5 -71.5 -58.8 -7.1 -21.4 -27.1 -19.4 12

 13 REITs 4.5 7.7 4.6 -2.7 -5.3 4.1 7.1 25.4 -21.7 11.8 13

 14 Brokers and dealers -105.0 53.2 20.8 -276.6 228.6 60.2 -59.8 -79.0 -31.3 -48.0 14

 15 Holding companies -61.4 110.5 6.8 -164.0 -26.9 -68.5 -36.2 -98.6 222.0 -31.1 15

 16 Funding corporations -152.6 -262.4 166.7 352.8 -75.3 10.9 -11.1 9.1 -180.5 -51.0 16

 17 Net change in assets 728.6 1074.7 1183.6 -741.6 38.2 75.1 154.0 265.3 772.9 341.6 17

 18 Nonfinancial corporate business 332.0 471.4 675.7 -624.3 -154.7 176.3 5.2 96.5 293.2 144.7 18

 19 Nonfinancial noncorporate business 251.2 377.2 326.4 102.9 -82.7 74.7 113.5 206.9 68.3 118.3 19

 20 Federal government 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 3.7 10.2 20

 21 State and local governments 5.8 6.6 7.3 -5.6 25.9 -22.0 -1.1 7.2 5.4 7.6 21

 22 Monetary authority -3.2 0.1 1.4 0.9 48.5 17.5 42.7 65.3 40.9 -1.8 22

 23 U.S.-chartered depository institutions 41.3 -21.1 12.8 40.6 21.8 -96.0 -60.9 -10.2 -1.0 -7.0 23

 24 Foreign banking offices in U.S. 3.4 3.3 8.3 3.1 -4.4 -15.3 15.0 -0.3 13.1 14.4 24

 25 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 0.2 8.6 12.8 25

 26 Credit unions 0.0 4.9 4.6 -0.7 0.6 41.3 -12.8 0.7 -1.1 4.7 26

 27 Life insurance companies 9.7 40.0 32.1 27.4 -17.8 -10.2 57.6 26.1 24.1 70.4 27

 28 Private pension funds -6.4 9.2 32.2 0.4 29.4 14.2 43.4 34.1 28.1 29.0 28

 29 State and local govt. retirement funds 43.8 28.1 2.2 -17.6 -10.7 15.4 1.6 -3.2 10.4 2.1 29

 30 Money market mutual funds -8.9 6.8 29.4 -33.9 -8.3 -3.4 -0.8 6.1 2.8 -14.3 30

 31 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 -33.1 19.1 -4.3 31

 32 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 4.1 13.1 -11.0 32

 33 Finance companies 47.7 -42.5 -36.1 -21.2 15.6 -101.2 -5.9 -34.2 -16.9 9.3 33

 34 REITs 11.6 7.8 -4.4 -0.8 10.2 1.3 8.5 25.8 12.2 16.9 34

 35 Brokers and dealers 48.5 106.9 24.9 -275.1 72.6 10.6 -32.0 10.5 51.2 2.2 35

 36 Holding companies -56.5 74.2 30.1 131.9 68.2 -40.1 -22.2 -133.7 197.8 -62.7 36

 37 Discrepancy -293.1 -536.1 236.9 861.5 279.6 268.1 389.1 387.0 -334.8 254.1 37
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68 Historical Annuals, 2005-2014, September 18, 2015

F.7 Sector Discrepancies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 All sectors -225.0 322.7 163.4 225.1 449.5 331.5 317.4 485.7 -382.1 242.4 1

 2 Household sector 43.8 193.5 -277.4 -767.3 48.5 -267.7 -670.0 -216.2 -456.5 -261.3 2

 3 Nonfinancial corporate business 164.6 164.8 166.3 980.8 -135.6 296.1 794.2 734.2 282.4 487.2 3

 4 Federal government 27.0 19.0 18.1 78.3 -54.3 -49.1 -9.9 -63.0 -36.6 -48.6 4

 5 State and local governments -164.9 -108.7 -94.6 77.0 64.3 -33.1 61.8 0.8 20.9 -16.5 5

 6 Domestic financial sectors -321.8 -220.3 -215.5 -64.8 172.2 207.0 74.9 31.1 -215.5 3.6 6

 7 Monetary authority 3.3 1.5 -2.8 -0.3 -6.0 -10.0 -1.2 -18.8 -1.6 3.9 7

 8 U.S.-chartered depository institutions -175.8 -155.3 -98.2 -3.9 169.4 157.4 90.0 33.5 -20.4 65.4 8

 9 Foreign banking officed in U.S. -36.7 -9.8 -69.2 -94.1 175.1 -17.6 1.4 11.0 -47.0 0.5 9

 10 Banks in U.S.-affiliated areas -0.9 -0.2 -7.4 -0.5 6.2 -0.0 1.0 -0.1 -0.3 -0.2 10

 11 Credit unions 3.4 -2.2 6.0 7.0 12.6 -6.4 -27.2 4.8 14.2 -2.0 11

 12 Property-casualty insurance companies -18.5 28.2 0.2 0.4 -22.2 76.6 6.6 -21.3 16.0 -6.3 12

 13 Life insurance companies -11.1 -29.0 -50.8 -71.6 -84.7 -31.8 -30.3 -37.2 -23.8 -44.8 13

 14 Mutual funds -38.4 -47.2 -58.3 -52.7 -40.7 -24.9 -35.7 -41.5 -57.0 -53.4 14

 15 Government-sponsored enterprises -14.7 -1.5 25.6 97.3 9.1 43.0 3.0 34.2 0.3 24.9 15

 16 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Finance companies -34.5 14.9 9.7 31.1 11.5 9.9 43.2 27.8 -79.5 -3.9 17

 18 REITs 2.6 -1.1 29.6 -13.4 -11.9 7.9 18.1 29.2 43.1 31.7 18

 19 Brokers and dealers -10.1 -24.5 -3.3 72.7 -56.3 -6.0 30.5 -37.0 -33.0 -12.2 19

 20 Holding companies 9.6 6.0 3.4 -36.8 10.0 8.8 -24.3 46.5 -26.4 -0.1 20

 21 Rest of the world 26.3 274.4 566.5 -79.0 354.4 178.4 66.5 -1.2 23.2 78.1 21

F.8 Instrument Discrepancies

Billions of dollars

 1 All types -225.0 322.7 163.4 225.1 449.5 331.5 317.4 485.7 -382.1 242.4 1

 2 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 -0.6 -1.1 -1.1 2

 3 Foreign deposits 2.2 198.6 241.4 -273.0 -55.1 49.2 -136.3 -140.5 -8.7 -91.6 3

 4 Net interbank transactions 0.9 -0.7 5.2 44.8 14.5 25.8 3.5 5.7 56.8 -47.1 4

 5 Security repurchase agreements 129.8 294.7 -212.1 -257.3 208.0 54.8 77.7 -12.5 -126.2 -129.1 5

 6 Mail floats -4.9 -3.0 1.0 -5.2 -0.3 -1.1 0.8 1.5 -0.7 0.9 6

 7 Federal government -6.6 -3.0 1.2 -3.3 0.7 0.0 -0.1 0.6 0.4 1.1 7

 8 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 0.9 0.9 -1.2 -0.3 9

 10 Trade credit -46.5 140.6 -48.6 26.1 121.0 -1.4 -42.8 60.0 -121.4 13.4 10

 11 Taxes payable -45.0 16.9 -36.9 -66.8 -33.5 -8.6 -7.8 -13.6 -18.6 35.9 11

 12 Miscellaneous -293.1 -536.1 236.9 861.5 279.6 268.1 389.1 387.0 -334.8 254.1 12

 13 Nonfinancial 30.8 212.7 -22.2 -104.2 -80.3 -54.1 33.9 198.6 172.5 206.9 13

 Nonfinancial components (sign reversed):

 14 Statistical discrepancy (NIPA) -35.5 -217.3 17.5 99.4 75.3 49.2 -38.3 -203.3 -177.6 -212.0 14

 15 Contr. for govt. soc. insur., U.S. affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 4.6 5.2 5.1 15
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Historical Annuals, 2005-2014, September 18, 2015 69

L.100 Domestic Nonfinancial Sectors (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 62969.0 69359.9 73914.8 66597.6 69682.9 75122.8 76605.1 82143.8 90750.9 95030.9 1

 2 U.S. official reserve assets 35.1 34.2 36.4 40.6 94.3 95.1 110.9 114.2 109.8 98.0 2

 3 Foreign deposits 127.4 119.3 138.0 94.6 94.3 107.9 92.2 84.9 129.8 116.7 3

 4 Checkable deposits and currency 1031.2 944.0 939.9 1347.6 1378.4 1636.9 1751.6 1932.4 2220.3 2513.3 4

 5 Time and savings deposits 5910.0 6513.8 6996.7 7143.0 7417.6 7599.8 8004.2 8450.7 8726.1 9241.5 5

 6 Money market fund shares 1454.4 1706.8 2093.8 2509.9 2180.0 1856.7 1803.1 1870.0 1941.2 1924.4 6

 7 Security repurchase agreements 144.5 151.5 150.3 136.9 134.3 137.8 133.5 136.2 138.7 149.2 7

 8 Debt securities 4811.4 4878.0 5488.2 5861.2 6360.5 6487.9 5785.9 5620.2 5169.3 4683.6 8

 9 Open market paper 362.6 392.3 326.7 190.7 168.0 191.8 177.8 162.2 128.6 114.5 9

 10 Treasury securities 1047.9 1002.5 954.2 870.8 1534.7 1819.0 1360.4 1611.4 1657.1 1627.3 10

 11 Agency- and GSE-backed securities 1020.9 1086.2 1391.0 1606.0 1064.8 1022.2 904.9 790.5 752.7 515.4 11

 12 Municipal securities 1644.1 1677.9 1718.1 1762.4 1871.6 1914.0 1847.1 1703.5 1646.9 1571.8 12

 13 Corporate and foreign bonds 735.9 719.3 1098.3 1431.3 1721.4 1540.9 1495.7 1352.6 984.0 854.7 13

 14 Loans 1366.9 1525.0 1761.3 1621.2 1739.9 1891.3 2016.1 2156.7 2332.5 2504.4 14

 15 Other loans and advances 736.9 815.0 1037.6 876.3 903.8 930.4 933.2 964.1 1034.7 1089.1 15

 16 Mortgages 480.5 473.6 470.4 467.7 480.4 481.4 476.8 461.8 464.3 483.2 16

 17 Consumer credit 149.4 236.4 253.3 277.3 355.7 479.6 606.1 730.8 833.4 932.1 17

 18 Corporate equities 8165.4 10310.3 10119.8 6089.4 7497.6 8937.6 8747.0 9940.8 12843.6 13534.3 18

 19 Mutual fund shares 3699.9 4309.4 4832.8 3391.2 4336.3 4874.3 4853.0 5879.0 7401.5 8121.3 19

 20 Trade receivables 2752.6 2780.7 3006.9 2824.5 2743.0 2885.6 3040.7 3105.2 3411.9 3561.4 20

 21 Life insurance reserves 1082.6 1055.2 1077.2 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 1282.8 21

 22 Pension entitlements 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 22

 23 Taxes payable 193.9 210.5 222.4 242.4 250.9 262.1 272.8 279.9 289.6 310.2 23

 24 Equity in noncorporate business 8422.2 8843.6 8932.7 7489.0 6258.5 6894.3 7455.9 8301.0 9403.6 10038.8 24

 25 U.S. direct investment abroad 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3759.2 4134.4 4447.0 4691.8 25

 26 Miscellaneous assets 8094.5 9053.1 9954.4 9446.9 9391.6 9890.6 10138.7 10470.1 11021.1 11496.6 26

 27 Total liabilities 38320.3 41191.1 44397.9 47502.6 48531.6 50652.5 52600.8 54989.1 56465.7 58594.9 27

 28 U.S. official reserve assets 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 28

 29 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 29

 30 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 25.3 30

 31 Debt securities 11364.5 11850.7 12487.8 14006.8 15810.4 17760.1 19041.0 20553.7 21661.3 22681.4 31

 32 Open market paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 144.5 182.4 32

 33 Treasury securities 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 33

 34 Agency- and GSE-backed securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 24.5 24.4 34

 35 Municipal securities 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 3671.2 3652.4 35

 36 Corporate and foreign bonds 2670.4 2745.0 2864.9 2981.4 3196.9 3376.4 3538.1 3861.1 4140.4 4405.5 36

 37 Loans 16930.0 18872.6 20691.9 20927.4 19939.2 19278.9 19162.3 19412.1 19798.3 20574.0 37

 38 Depository institution loans n.e.c. 1244.9 1429.7 1664.2 1852.6 1474.2 1465.6 1541.7 1742.8 1868.8 2145.9 38

 39 Other loans and advances 1400.2 1607.0 1945.5 1872.1 1661.4 1547.6 1571.9 1676.2 1746.5 1871.5 39

 40 Mortgages 11964.4 13374.6 14467.0 14552.6 14251.3 13618.8 13293.3 13070.3 13084.2 13244.7 40

 41 Consumer credit 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 41

 42 Trade payables 2906.0 3086.7 3278.5 3142.5 3100.8 3301.7 3430.1 3561.5 3746.8 3928.5 42

 43 Life insurance reserves 42.7 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 51.3 43

 44 Taxes payable 172.9 181.1 135.3 145.1 135.6 142.0 151.4 161.3 155.8 162.1 44

 45 Foreign direct investment in U.S. 1552.8 1726.3 1965.5 2053.9 1991.2 2134.0 2236.8 2423.5 2619.9 2768.2 45

 46 Miscellaneous liabilities 5314.8 5391.8 5755.8 7143.9 7419.8 7901.5 8443.9 8741.3 8347.9 8347.7 46

(1) Sum of domestic nonfinancial sectors shown on tables L.101 through L.107.
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70 Historical Annuals, 2005-2014, September 18, 2015

L.101 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 45511.8 50382.6 53074.3 46072.8 48726.1 52991.4 54015.5 58448.7 65473.4 68470.7 1

 2 Deposits 6258.2 6901.6 7562.3 8181.5 8099.1 8072.8 8711.3 9234.2 9588.8 10127.4 2

 3 Foreign deposits 63.8 69.9 87.7 69.9 62.7 67.3 57.4 49.5 51.7 45.3 3

 4 Checkable deposits and currency 285.9 239.7 153.3 295.2 396.1 423.7 724.1 887.4 1008.1 1115.7 4

 5 Time and savings deposits 4965.0 5484.1 5973.6 6234.6 6326.0 6450.8 6820.1 7187.1 7393.2 7864.2 5

 6 Money market fund shares 943.4 1107.9 1347.6 1581.9 1314.2 1131.0 1109.9 1110.2 1135.7 1102.1 6

 7 Debt securities 3321.6 3275.5 3808.1 4255.6 4635.2 4734.7 4220.8 4060.9 3671.6 3181.5 7

 8 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 18.8 15.0 14.9 8

 9 Treasury securities 427.6 329.6 207.7 187.1 858.8 1127.3 707.3 908.7 960.3 895.5 9

 10 Agency- and GSE-backed securities 590.5 617.9 880.1 1063.1 362.3 340.3 356.7 288.2 276.7 52.6 10

 11 Municipal securities 1600.6 1635.6 1673.6 1720.9 1827.9 1871.5 1805.8 1661.0 1605.2 1538.0 11

 12 Corporate and foreign bonds 604.5 575.0 939.5 1278.5 1563.5 1374.5 1331.7 1184.2 814.4 680.4 12

 13 Loans 772.9 912.5 1132.9 973.6 928.3 929.9 924.9 926.6 977.7 1031.8 13

 14 Other loans and advances (2) 632.1 709.7 934.6 767.2 728.5 751.4 749.5 777.9 841.4 893.2 14

 15 Mortgages 140.8 123.6 110.7 111.8 110.9 100.1 100.9 83.0 77.0 85.0 15

 16 Consumer credit (student loans) 0.0 79.2 87.6 94.6 88.8 78.4 74.5 65.6 59.3 53.6 16

 17 Corporate equities (3) 8049.5 10177.3 9978.0 5810.0 7318.1 8760.8 8564.4 9761.6 12643.3 13323.9 17

 18 Mutual fund shares 3524.8 4087.0 4599.7 3248.7 4125.6 4628.8 4628.1 5632.9 7110.5 7800.4 18

 19 Life insurance reserves 1082.6 1055.2 1077.2 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 1282.8 19

 20 Pension entitlements (4) 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 20

 21 Claims of pension fund on sponsor 1746.3 1716.1 1788.1 3543.7 3328.6 3634.2 4027.9 3977.9 3365.2 3345.5 21

 22 Funded pension entitlements 11725.0 12767.7 13483.2 10754.0 12122.2 13390.3 13413.2 14503.7 16566.9 17417.2 22

 23 Equity in noncorporate business 8422.2 8843.6 8932.7 7489.0 6258.5 6894.3 7455.9 8301.0 9403.6 10038.8 23

 24 Miscellaneous assets 608.7 646.1 712.2 766.3 800.9 808.2 869.7 863.6 912.9 921.4 24

 25 Total liabilities 12162.2 13460.8 14395.0 14278.7 14062.8 13782.1 13570.9 13634.2 13790.5 14163.3 25

 26 Debt securities (municipal securities) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 227.8 223.1 26

 27 Loans 11740.9 13009.0 13906.4 13755.5 13497.1 13245.4 13041.1 13114.4 13279.7 13653.0 27

 28 Home mortgages (5) 8912.5 9910.2 10613.0 10580.1 10419.3 9915.4 9695.8 9486.7 9403.7 9403.2 28

 29 Consumer credit 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 29

 30 Depository institution loans n.e.c. (6) -16.5 30.9 21.8 26.4 -15.9 61.0 11.5 62.6 92.7 212.9 30

 31 Other loans and advances 351.5 415.9 452.5 298.0 336.7 414.3 376.9 443.1 480.5 513.7 31

 32 Commercial mortgages 172.8 190.7 204.0 200.9 204.7 207.7 201.4 199.1 204.0 211.3 32

 33 Trade payables 186.3 199.9 214.5 236.7 278.2 248.8 250.0 254.0 255.0 258.1 33

 34 Deferred and unpaid life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 29.1 34

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary tables (tables F.101.a and L.101.a) show estimates of annual flows and year-end

 outstandings of nonprofit organizations.

(2) Includes cash accounts at brokers and dealers and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18), life insurance reserves (line 19) and pension entitlements (line 20).

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

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

(6) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.109, line 19.
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Historical Annuals, 2005-2014, September 18, 2015 71

L.102 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 14497.4 15776.1 17348.9 16616.6 16893.8 17745.0 18434.0 19314.7 20646.4 21639.2 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 35.4 78.1 71.4 2

 3 Checkable deposits and currency 642.1 599.6 658.8 603.6 689.3 766.1 821.6 835.3 924.3 1030.3 3

 4 Time and savings deposits 774.5 841.4 800.7 670.0 842.1 905.0 924.2 967.5 1019.3 1056.0 4

 5 Money market fund shares 421.2 493.4 622.8 802.4 729.2 574.7 540.1 600.1 642.2 652.2 5

 6 Security repurchase agreements 14.6 15.5 8.1 7.2 7.9 12.1 12.6 9.7 8.8 13.5 6

 7 Debt securities 273.2 273.5 214.4 180.8 191.6 209.6 202.2 194.0 173.7 159.2 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 59.5 38.2 31.6 8

 9 Treasury securities 108.3 101.8 97.7 82.3 89.1 96.1 91.9 92.4 97.2 95.1 9

 10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 16.0 14.3 13.1 10.3 12.7 10

 11 Municipal securities 36.6 33.9 34.5 31.1 32.2 29.6 28.2 29.0 28.0 19.8 11

 12 Loans 164.0 143.0 133.5 120.3 111.2 115.0 110.6 107.8 106.4 108.7 12

 13 Mortgages 104.4 94.5 83.5 72.8 67.5 70.1 63.7 59.4 62.2 65.7 13

 14 Consumer credit 59.6 48.5 50.0 47.5 43.8 45.0 46.9 48.4 44.2 43.0 14

 15 Mutual fund shares 134.4 173.2 178.0 106.3 162.0 186.8 165.9 179.6 211.0 234.9 15

 16 Trade receivables 2539.2 2569.9 2787.2 2616.1 2560.3 2690.4 2835.2 2891.8 3186.3 3325.1 16

 17 U.S. direct investment abroad 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3759.2 4134.4 4447.0 4691.8 17

 18 Miscellaneous assets 7265.0 8176.5 9002.3 8474.2 8323.6 8841.8 9027.8 9359.1 9849.4 10296.3 18

 19 Total liabilities 15362.3 16585.1 18264.9 19019.5 18634.6 18898.9 19581.4 20589.6 21425.6 22399.6 19

 20 Debt securities 2987.8 3138.2 3337.7 3527.8 3707.5 3944.7 4148.3 4500.6 4803.4 5106.4 20

 21 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 144.5 182.4 21

 22 Municipal securities 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 518.5 518.4 22

 23 Corporate bonds 2670.4 2745.0 2864.9 2981.4 3196.9 3376.4 3538.1 3861.1 4140.4 4405.5 23

 24 Loans 5178.5 5852.4 6773.5 7159.1 6428.5 6019.2 6105.9 6282.1 6502.3 6904.4 24

 25 Depository institution loans n.e.c. 1261.4 1398.7 1642.4 1826.1 1490.1 1404.6 1530.2 1680.1 1776.1 1933.0 25

 26 Other loans and advances 1038.1 1179.9 1481.1 1561.4 1311.1 1118.9 1179.7 1217.4 1249.7 1341.2 26

 27 Mortgages 2879.0 3273.7 3650.0 3771.6 3627.3 3495.7 3396.1 3384.5 3476.5 3630.2 27

 28 Trade payables 2035.1 2161.7 2272.8 2053.4 1987.6 2174.2 2254.2 2330.2 2456.8 2578.2 28

 29 Taxes payable 172.9 181.1 135.3 145.1 135.6 142.0 151.4 161.3 155.8 162.1 29

 30 Foreign direct investment in U.S. 1552.8 1726.3 1965.5 2053.9 1991.2 2134.0 2236.8 2423.5 2619.9 2768.2 30

 31 Miscellaneous liabilities 3435.3 3525.4 3780.0 4080.1 4384.1 4484.7 4684.8 4892.0 4887.4 4880.4 31

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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72 Historical Annuals, 2005-2014, September 18, 2015

L.103 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 11900.6 12659.5 13752.8 12923.2 13317.5 14016.8 14508.9 15088.4 16340.0 17101.5 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 35.4 78.1 71.4 2

 3 Checkable deposits and currency 268.0 150.7 143.1 84.2 154.9 234.5 265.3 219.8 305.3 376.3 3

 4 Time and savings deposits 450.4 497.0 441.3 311.9 488.8 548.7 561.9 595.2 636.2 646.8 4

 5 Money market fund shares 352.2 421.3 548.5 727.0 655.5 497.8 462.4 519.4 559.1 565.2 5

 6 Security repurchase agreements 14.6 15.5 8.1 7.2 7.9 12.1 12.6 9.7 8.8 13.5 6

 7 Debt securities 212.6 211.4 149.7 124.1 140.4 155.9 147.4 135.0 113.0 95.5 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 59.5 38.2 31.6 8

 9 Treasury securities 52.1 45.5 38.3 30.5 43.0 48.0 43.0 39.4 42.8 38.0 9

 10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 16.0 14.3 13.1 10.3 12.7 10

 11 Municipal securities 32.1 28.1 29.2 26.2 27.1 23.9 22.3 22.9 21.8 13.2 11

 12 Loans 127.8 108.3 91.4 81.2 73.3 72.9 74.3 74.0 71.6 72.1 12

 13 Mortgages 68.3 59.8 41.4 33.6 29.5 28.0 27.4 25.5 27.4 29.2 13

 14 Consumer credit 59.6 48.5 50.0 47.5 43.8 45.0 46.9 48.4 44.2 43.0 14

 15 Mutual fund shares 134.4 173.2 178.0 106.3 162.0 186.8 165.9 179.6 211.0 234.9 15

 16 Trade receivables 2108.2 2099.0 2261.6 2093.4 2063.9 2157.1 2240.8 2292.8 2570.0 2678.9 16

 17 U.S. direct investment abroad (1) 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3759.2 4134.4 4447.0 4691.8 17

 18 Miscellaneous assets 5963.2 6492.9 6987.9 6352.3 6294.1 6707.4 6784.2 6893.1 7339.8 7655.2 18

 19 Insurance receivables 283.9 291.5 299.8 310.9 307.0 318.7 331.0 339.0 333.2 343.2 19

 20 Equity in GSEs 0.5 0.6 0.7 0.4 0.4 0.6 0.5 0.6 0.6 0.7 20

 21 Investment in finance company subs. 117.0 140.1 81.5 80.5 71.2 60.7 69.1 71.7 86.4 100.5 21

 22 Other 5561.7 6060.7 6605.8 5960.5 5915.5 6327.4 6383.6 6481.9 6919.6 7210.8 22

 23 Total liabilities 11181.8 11821.0 12915.4 13224.3 12903.6 13226.7 13878.4 14695.5 15474.9 16187.2 23

 24 Debt securities 2987.8 3138.2 3337.7 3527.8 3707.5 3944.7 4148.3 4500.6 4803.4 5106.4 24

 25 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 144.5 182.4 25

 26 Municipal securities (2) 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 518.5 518.4 26

 27 Corporate bonds (1) 2670.4 2745.0 2864.9 2981.4 3196.9 3376.4 3538.1 3861.1 4140.4 4405.5 27

 28 Loans 2280.5 2539.0 2998.4 3065.1 2443.2 2068.3 2159.3 2214.7 2317.3 2504.0 28

 29 Depository institution loans n.e.c. 590.9 612.9 715.7 779.9 545.8 477.1 569.2 658.7 708.8 794.5 29

 30 Other loans and advances (3) 903.4 1028.4 1316.0 1383.9 1139.0 948.1 1008.3 1036.9 1063.1 1145.1 30

 31 Mortgages 786.1 897.6 966.7 901.3 758.3 643.0 581.8 519.1 545.4 564.3 31

 32 Trade payables 1700.5 1812.9 1897.9 1672.7 1590.1 1746.4 1771.6 1836.9 1943.6 2031.2 32

 33 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 51.7 54.0 44.9 45.0 33

 34 Foreign direct investment in U.S. 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2230.7 2417.2 2612.8 2760.3 34

 35 Miscellaneous liabilities 2577.3 2522.9 2683.6 2869.4 3140.8 3295.7 3516.8 3672.2 3752.9 3740.4 35

 36 Pension fund contributions payable 44.8 64.7 69.3 84.0 75.4 90.8 93.8 81.4 79.0 77.9 36

 37 Claims of pension fund on sponsor -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 166.3 37

 38 Other 2562.7 2487.0 2635.9 2110.3 2566.0 2756.3 2905.4 3199.7 3492.2 3496.2 38

 Memo:

 39 Market value of equities 12686.6 14602.3 15730.7 10016.6 12512.2 14356.5 14369.4 15961.6 20717.0 22228.7 39

 40 Total liquid assets (4) 1495.6 1518.5 1519.0 1385.3 1641.0 1676.5 1650.4 1694.1 1911.5 2003.5 40

 41 Total short-term liabilities (5) 3371.2 3652.2 4089.3 4006.9 3369.0 3297.5 3517.1 3716.8 3904.9 4198.3 41

 42 Liquid assets/short-term liabilities (percent) 44.4 41.6 37.1 34.6 48.7 50.8 46.9 45.6 49.0 47.7 42

 43 Short-term debt/total debt (percent) (6) 30.1 30.9 34.0 34.8 28.3 25.1 26.9 27.2 26.9 27.9 43

(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 2 through 6, lines 8 through 11, and line 15.

(5) Sum of lines 25, 29, 30, 32, and 33. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(6) Short-term debt is the sum of lines 25, 29, and 30. Total debt is the sum of lines 24 and 28.
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Historical Annuals, 2005-2014, September 18, 2015 73

L.104 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 2596.8 3116.6 3596.1 3693.4 3576.3 3728.3 3925.1 4226.3 4306.5 4537.7 1

 2 Checkable deposits and currency 374.2 448.8 515.7 519.5 534.4 531.6 556.3 615.5 619.0 653.9 2

 3 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 356.2 362.2 372.3 383.1 409.2 3

 4 Money market fund shares 69.0 72.2 74.3 75.4 73.7 76.8 77.7 80.7 83.0 87.1 4

 5 Debt securities 60.6 62.1 64.6 56.7 51.2 53.7 54.8 59.0 60.7 63.7 5

 6 Treasury securities 56.2 56.3 59.3 51.8 46.1 48.1 48.9 52.9 54.5 57.1 6

 7 Municipal securities 4.4 5.8 5.3 4.9 5.1 5.6 5.9 6.1 6.3 6.6 7

 8 Loans 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 36.5 8

 9 Mortgages 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 36.5 9

 10 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Trade receivables 430.9 470.9 525.6 522.7 496.3 533.4 594.4 598.9 616.2 646.3 11

 12 Miscellaneous assets 1301.8 1683.6 2014.4 2121.9 2029.5 2134.4 2243.6 2466.0 2509.6 2641.0 12

 13 Insurance receivables 99.3 103.7 107.4 111.6 101.8 131.7 127.0 142.5 117.2 129.6 13

 14 Equity investment in GSEs (1) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 7.7 8.5 14

 15 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2109.5 2316.4 2384.6 2503.0 15

 16 Total liabilities 4180.5 4764.1 5349.5 5795.2 5731.0 5672.2 5703.0 5894.1 5950.7 6212.4 16

 17 Loans 2898.0 3313.4 3775.1 4094.0 3985.4 3950.9 3946.6 4067.4 4185.1 4400.4 17

 18 Depository institution loans n.e.c. 670.5 785.8 926.7 1046.2 944.2 927.4 960.9 1021.4 1067.4 1138.5 18

 19 Other loans and advances 134.6 151.5 165.2 177.4 172.1 170.8 171.3 180.6 186.6 196.1 19

 20 Mortgages 2092.9 2376.1 2683.3 2870.3 2869.0 2852.7 2814.3 2865.4 2931.0 3065.9 20

 21 Trade payables 334.5 348.9 374.9 380.7 397.6 427.8 482.7 493.3 513.2 547.0 21

 22 Taxes payable 86.7 95.7 99.5 106.2 99.9 99.2 99.7 107.4 110.9 117.1 22

 23 Foreign direct investment in U.S. 3.3 3.6 3.6 3.7 4.8 5.3 6.1 6.3 7.1 7.9 23

 24 Miscellaneous liabilities 857.9 1002.5 1096.4 1210.7 1243.3 1189.0 1168.0 1219.7 1134.5 1140.0 24

(1) Equity in the Farm Credit System.
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74 Historical Annuals, 2005-2014, September 18, 2015

L.105 General Government (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 2959.8 3201.2 3491.6 3908.2 4063.0 4386.4 4155.6 4380.4 4631.1 4920.9 1

 2 U.S. official reserve assets 35.1 34.2 36.4 40.6 94.3 95.1 110.9 114.2 109.8 98.0 2

 3 Checkable deposits and currency 103.1 104.8 127.8 448.8 293.0 447.1 206.0 209.7 287.9 367.3 3

 4 Time and savings deposits 170.5 188.3 222.4 238.4 249.5 244.0 259.9 296.1 313.5 321.3 4

 5 Money market fund shares 89.8 105.4 123.4 125.7 136.6 151.1 153.2 159.7 163.3 170.0 5

 6 Security repurchase agreements 129.9 135.9 142.2 129.8 126.5 125.7 120.9 126.5 129.9 135.7 6

 7 Debt securities 1216.6 1329.1 1465.7 1424.8 1533.7 1543.6 1362.8 1365.2 1324.1 1342.9 7

 8 Open market paper 153.2 152.1 149.9 127.5 89.3 102.7 90.5 83.9 75.4 68.0 8

 9 Treasury securities 512.1 571.1 648.9 601.4 586.8 595.7 561.2 610.3 599.6 636.6 9

 10 Agency- and GSE-backed securities 413.1 453.1 498.1 532.7 688.2 665.9 533.8 489.1 465.7 450.0 10

 11 Municipal securities 6.9 8.4 10.0 10.4 11.5 12.9 13.2 13.5 13.6 14.0 11

 12 Corporate and foreign bonds 131.4 144.3 158.8 152.8 157.8 166.4 164.1 168.4 169.7 174.2 12

 13 Loans 430.0 469.5 494.9 527.3 700.4 846.4 980.6 1122.3 1248.3 1363.9 13

 14 Mortgages 235.3 255.5 276.2 283.1 302.1 311.2 312.2 319.4 325.1 332.5 14

 15 Consumer credit 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 729.8 835.6 15

 16 Other loans and advances 104.8 105.3 103.1 109.1 175.3 179.0 183.7 186.2 193.4 195.9 16

 17 Corporate equities 116.0 133.0 141.8 279.4 179.5 176.8 182.6 179.2 200.4 210.4 17

 18 Mutual fund shares 40.7 49.2 55.1 36.2 48.6 58.7 59.1 66.6 80.0 86.0 18

 19 Trade receivables 213.4 210.7 219.7 208.5 182.8 195.1 205.5 213.5 225.6 236.2 19

 20 Taxes receivable 193.9 210.5 222.4 242.4 250.9 262.1 272.8 279.9 289.6 310.2 20

 21 Miscellaneous assets 220.9 230.5 239.9 206.3 267.1 240.6 241.3 247.4 258.8 278.9 21

 22 Total liabilities 10795.8 11145.2 11737.9 14204.4 15834.3 17971.5 19448.5 20765.2 21249.6 22031.9 22

 23 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 23

 24 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 24

 25 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 25.3 25

 26 Debt securities 8164.0 8483.5 8899.9 10219.5 11837.5 13552.1 14637.2 15812.1 16630.0 17351.9 26

 27 Treasury securities 5584.8 5803.9 6074.3 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 14441.1 27

 28 Municipal securities 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2910.9 28

 29 Loans 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 16.2 16.6 29

 30 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Other loans and advances 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 16.2 16.6 31

 32 Trade payables 684.6 725.1 791.2 852.3 835.0 878.7 925.9 977.3 1035.0 1092.2 32

 33 Insurance reserves 42.7 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 51.3 33

 34 Miscellaneous liabilities 1857.2 1843.5 1951.9 3036.8 3013.6 3392.1 3734.9 3824.4 3432.7 3438.2 34

 Memo:

 35 Total financial assets (consolidated) (2) 2437.2 2618.9 2830.9 3294.1 3462.6 3776.3 3579.1 3754.4 4015.3 4267.7 35

 36 Total liabilities (consolidated) (2) 10273.1 10562.9 11077.2 13590.3 15233.9 17361.4 18872.0 20139.2 20633.8 21378.7 36

(1) Sum of the federal government and state and local governments sectors.

(2) Excludes Treasury securities held by state and local governments (line 9) and federal government loans to state and local governments (line 31).
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Historical Annuals, 2005-2014, September 18, 2015 75

L.106 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 643.7 658.3 703.8 1292.3 1387.1 1612.2 1411.3 1516.8 1718.5 1900.9 1

 2 U.S. official reserve assets 35.1 34.2 36.4 40.6 94.3 95.1 110.9 114.2 109.8 98.0 2

 3 Checkable deposits and currency 37.0 33.2 56.5 369.4 193.9 342.3 84.6 92.2 163.0 226.8 3

 4 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 1.5 1.7 4

 5 Debt securities 0.0 0.0 0.0 54.4 197.0 150.1 31.9 0.6 0.6 0.5 5

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

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

 8 Loans 271.2 294.3 301.1 340.1 506.8 641.7 778.3 914.4 1038.7 1148.6 8

 9 Other loans and advances 104.8 105.3 103.1 109.1 175.3 179.0 183.7 186.2 193.4 195.9 9

 10 Mortgages 76.6 80.3 82.4 95.8 108.4 106.6 109.9 111.5 115.5 117.2 10

 11 Consumer credit (1) 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 729.8 835.6 11

 12 Corporate equities (2) 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 35.1 33.4 12

 13 Trade receivables 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 53.6 55.8 13

 14 Taxes receivable 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.6 165.8 173.0 14

 15 Miscellaneous assets 136.4 139.4 141.5 113.5 148.3 143.8 145.6 144.6 150.5 163.0 15

 16 Total liabilities 7370.3 7661.5 8054.5 9424.6 11003.7 12809.7 13991.3 15246.5 16123.7 16905.1 16

 17 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 17

 18 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 18

 19 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 25.3 19

 20 Debt securities 5584.8 5803.9 6074.3 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 14441.1 20

 21 Treasury securities (3) 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 21

 22 Marketable 4143.1 4297.6 4493.7 5757.1 7232.7 8822.7 9906.1 11027.9 11834.2 12480.9 22

 23 Nonmarketable 1417.9 1482.9 1557.5 1596.4 1626.5 1681.7 1735.9 1795.0 1846.5 1935.8 23

 24 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 24.5 24.4 24

 25 Loans (multifamily residential mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Trade payables 202.6 208.8 238.2 260.7 204.5 209.7 218.5 231.9 251.6 270.0 26

 27 Insurance reserves 42.7 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 51.3 27

 28 Miscellaneous liabilities 1503.5 1566.9 1659.0 1704.0 1782.0 1937.3 1970.3 2031.1 2031.3 2061.1 28

 29 Claims of pension fund on sponsor 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 1802.0 29

 30 Other 80.7 98.6 142.2 168.2 184.4 206.5 224.6 237.5 249.2 259.1 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) Includes marketable and nonmarketable Treasury securities held by the public and Treasury securities held by federal government employee retirement funds.
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76 Historical Annuals, 2005-2014, September 18, 2015

L.107 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 2316.2 2542.9 2787.8 2615.9 2675.9 2774.2 2744.3 2863.5 2912.6 3020.1 1

 2 Checkable deposits and currency 66.1 71.6 71.3 79.5 99.1 104.8 121.4 117.6 124.9 140.5 2

 3 Time and savings deposits 169.1 186.6 219.6 236.9 247.6 242.1 258.2 294.1 312.0 319.5 3

 4 Money market fund shares 89.8 105.4 123.4 125.7 136.6 151.1 153.2 159.7 163.3 170.0 4

 5 Security repurchase agreements 129.9 135.9 142.2 129.8 126.5 125.7 120.9 126.5 129.9 135.7 5

 6 Debt securities 1216.6 1329.1 1465.7 1370.4 1336.8 1393.5 1330.9 1364.6 1323.5 1342.4 6

 7 Open market paper 153.2 152.1 149.9 127.5 89.3 102.7 90.5 83.9 75.4 68.0 7

 8 Treasury securities 512.1 571.1 648.9 601.4 586.8 595.7 561.2 610.3 599.6 636.6 8

 9 Agency- and GSE-backed securities 413.1 453.1 498.1 478.3 491.8 516.7 502.7 489.1 465.7 450.0 9

 10 Municipal securities 6.9 8.4 10.0 10.4 11.5 12.9 13.2 13.5 13.6 14.0 10

 11 Corporate and foreign bonds 131.4 144.3 158.8 152.8 157.3 165.5 163.3 167.7 169.1 173.7 11

 12 Loans (mortgages) 158.8 175.3 193.8 187.3 193.7 204.7 202.4 207.9 209.6 215.3 12

 13 Corporate equities 116.0 133.0 141.8 90.8 112.2 126.9 124.7 139.3 165.3 176.9 13

 14 Mutual fund shares 40.7 49.2 55.1 36.2 48.6 58.7 59.1 66.6 80.0 86.0 14

 15 Trade receivables 142.5 151.3 159.1 143.7 139.1 152.2 157.8 163.1 172.0 180.5 15

 16 Taxes receivable 102.3 114.4 117.4 123.0 117.1 117.8 120.0 121.3 123.8 137.2 16

 17 Miscellaneous assets 84.5 91.1 98.4 92.9 118.8 96.8 95.7 102.9 108.3 116.0 17

 18 Total liabilities 3425.5 3483.7 3683.4 4779.8 4830.6 5161.8 5457.3 5518.7 5125.9 5126.8 18

 19 Debt securities (municipal securities) 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2910.9 19

 20 Short-term (2) 42.5 34.3 51.2 55.8 63.6 63.0 52.3 56.1 45.3 38.6 20

 21 Long-term 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 2908.2 2879.6 2872.3 21

 22 Loans (U.S. government loans) 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 16.2 16.6 22

 23 Trade payables 482.0 516.2 553.0 591.6 630.5 669.0 707.4 745.5 783.4 822.2 23

 24 Claims of pension fund on sponsor (3) 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 24

(1) Data for state and local government employee retirement funds are shown in table L.120.

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

(3) Included in miscellaneous liabilities.
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Historical Annuals, 2005-2014, September 18, 2015 77

L.108 Domestic Financial Sectors (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 56121.2 61887.3 68015.0 67394.4 68416.6 69530.6 71141.8 75252.2 81114.9 85026.1 1

 2 U.S. official reserve assets 29.9 31.4 33.8 36.8 36.2 37.0 36.8 35.8 34.6 32.0 2

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

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 44.2 44.8 45.5 46.3 4

 5 Foreign deposits 75.8 65.8 100.2 85.6 97.1 105.9 42.9 43.3 33.7 24.1 5

 6 Net interbank assets 70.1 70.1 124.4 1475.9 1126.4 1019.6 1622.6 1561.7 2321.8 2453.3 6

 7 Checkable deposits and currency 186.9 244.5 276.8 378.5 348.0 326.9 364.1 374.0 369.9 350.4 7

 8 Time and savings deposits 357.3 355.7 450.8 573.4 715.7 640.1 592.4 619.7 701.6 715.4 8

 9 Money market fund shares 515.8 562.4 893.3 1177.7 1001.7 828.9 765.1 682.7 629.2 650.4 9

 10 Federal funds and security repos 2584.7 2745.9 3311.1 2813.1 2345.7 2623.6 2738.2 3113.0 2733.3 2779.2 10

 11 Debt securities 14746.4 15748.9 16728.2 17574.5 18317.3 18529.7 19798.0 20984.0 22443.7 23678.1 11

 12 Open market paper 1124.8 1352.8 1235.9 1243.6 852.9 763.7 688.8 687.5 721.7 707.9 12

 13 Treasury securities 2528.6 2651.8 2720.5 3229.7 3653.8 4226.5 5277.2 5640.0 6229.7 6633.2 13

 14 Agency- and GSE-backed securities 4137.5 4148.0 4430.0 5158.5 5892.0 5480.1 5594.3 5762.9 6157.7 6526.7 14

 15 Municipal securities 1346.2 1477.1 1661.6 1703.8 1742.2 1786.4 1799.9 1939.1 1948.2 2000.1 15

 16 Corporate and foreign bonds 5609.3 6119.2 6680.1 6238.8 6176.4 6273.0 6437.7 6954.4 7386.4 7810.1 16

 17 Loans 17196.5 19085.6 21103.9 21881.6 20124.7 19193.3 18975.1 19160.8 19591.8 20339.4 17

 18 Depository institution loans n.e.c. 1620.4 1818.5 2147.0 2834.2 2067.9 2039.4 2217.0 2393.8 2590.3 2910.2 18

 19 Other loans and advances 1775.7 1989.1 2441.7 2426.2 1914.0 1673.0 1602.8 1772.0 1914.0 2064.0 19

 20 Mortgages 11629.3 13053.0 14153.4 14248.5 13946.2 13313.6 13006.0 12802.9 12822.1 12985.3 20

 21 Consumer credit 2171.2 2224.9 2361.9 2372.8 2196.6 2167.3 2149.4 2192.0 2265.4 2379.8 21

 22 Corporate equities 10352.3 11468.8 12504.9 7625.8 9929.6 11398.9 10796.4 12321.2 15608.2 16764.9 22

 23 Mutual fund shares 2183.0 2550.9 2760.3 1859.2 2402.0 2738.7 2647.5 2951.6 3590.9 3859.7 23

 24 Trade receivables 181.8 195.2 197.1 182.2 144.2 135.6 134.8 133.2 131.0 132.1 24

 25 Life insurance reserves 0.0 108.6 124.7 130.0 132.8 141.1 153.0 172.9 183.7 194.6 25

 26 U.S. direct investment abroad 446.0 507.4 660.2 737.4 832.3 870.7 840.3 883.2 892.8 884.2 26

 27 Miscellaneous assets 7156.0 8105.6 8704.3 10821.9 10815.0 10891.9 11585.1 12165.2 11797.9 12116.9 27

 28 Total liabilities 54010.1 59461.1 65261.0 64746.1 65346.4 66198.6 67740.8 71353.0 76717.0 80329.5 28

 29 Net interbank liabilities 46.0 50.7 0.6 1752.4 1215.5 1068.5 1889.0 1683.8 2812.9 2865.3 29

 30 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2853.8 3186.5 3537.5 30

 31 Time and savings deposits 6490.6 7126.7 7746.4 8088.8 8432.5 8548.1 8952.2 9463.7 9872.9 10448.7 31

 32 Money market fund shares 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 2678.5 2688.1 32

 33 Federal funds and security repos 3379.5 3865.8 4167.2 3151.7 2720.8 2934.2 3118.5 3327.1 2943.0 2949.3 33

 34 Debt securities 11964.7 13255.0 14889.6 15251.2 14498.2 13432.9 13032.8 12849.1 12890.0 13041.3 34

 35 Open market paper 1170.2 1363.5 1252.1 1126.3 678.2 576.0 507.9 449.1 400.2 363.6 35

 36 Agency- and GSE-backed securities 6140.7 6468.9 7374.6 8143.4 8083.3 7574.0 7552.1 7529.7 7769.7 7920.2 36

 37 Corporate and foreign bonds 4653.8 5422.5 6262.9 5981.5 5736.7 5282.9 4972.8 4870.3 4720.2 4757.4 37

 38 Loans 1654.2 1755.5 2286.4 2630.7 1951.1 1786.3 1798.9 1781.4 1957.3 2119.8 38

 39 Depository institution loans n.e.c. 265.1 261.5 345.6 829.3 456.2 411.8 470.1 413.4 444.8 459.0 39

 40 Other loans and advances 1243.6 1342.0 1784.2 1637.9 1319.6 1198.4 1139.2 1173.6 1310.4 1437.0 40

 41 Mortgages 145.5 152.1 156.7 163.5 175.3 176.1 189.5 194.4 202.2 223.8 41

 42 Mutual fund shares 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9326.1 11544.4 12603.6 42

 43 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 14.3 14.2 14.5 17.9 43

 44 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 1309.0 1366.3 1426.1 44

 45 Pension entitlements 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 45

 46 Taxes payable 41.6 55.9 32.4 -101.1 -95.0 -88.9 -78.0 -76.8 -59.1 -43.2 46

 47 Foreign direct investment in U.S. 353.2 427.8 380.4 343.5 407.0 489.6 561.9 582.8 563.3 588.3 47

 48 Miscellaneous liabilities 5960.1 6403.5 6896.2 6930.1 7228.3 6767.3 6600.1 7107.4 7014.5 7324.1 48

 Memo:

 49 Market value of corporate equities 4631.9 5408.0 4602.2 2875.4 3578.1 4295.7 4069.7 4931.6 6466.4 7280.0 49

 50 Equity in noncorporate business 11.7 9.7 12.6 10.7 14.8 15.9 11.9 17.3 15.9 17.5 50

(1) Sum of financial sectors shown on tables L.109 through L.131.
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78 Historical Annuals, 2005-2014, September 18, 2015

L.109 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 878.7 908.2 950.9 2270.7 2266.2 2451.7 2945.2 2955.0 4073.8 4555.4 1

 2 U.S. official reserve assets 29.9 31.4 33.8 36.8 36.2 37.0 36.8 35.8 34.6 32.0 2

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

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 44.2 44.8 45.5 46.3 4

 5 Federal Reserve float (2) 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 5

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

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

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

 9 Security repurchase agreements 46.8 40.8 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Debt securities 744.2 778.9 740.6 495.6 1844.8 2161.1 2605.1 2669.6 3756.2 4236.9 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 11

 12 Treasury securities 744.2 778.9 740.6 475.9 776.6 1021.5 1663.4 1666.1 2208.8 2461.4 12

 13 Treasury bills 271.3 277.0 227.8 18.4 18.4 18.4 18.4 0.0 0.0 0.0 13

 14 Other Treasury securities 472.9 501.9 512.8 457.5 758.2 1003.1 1645.0 1666.1 2208.8 2461.4 14

 15 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1068.3 1139.6 941.7 1003.4 1547.4 1775.5 15

 16 Mortgage-backed securities 0.0 0.0 0.0 0.0 908.4 992.1 837.7 926.7 1490.2 1736.8 16

 17 Other agency- and GSE-backed securities 0.0 0.0 0.0 19.7 159.9 147.5 104.0 76.8 57.2 38.7 17

 18 Loans (depository institution loans n.e.c.) 0.0 0.0 0.0 490.4 142.8 98.1 30.5 0.6 0.1 0.0 18

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

 20 Brokers and dealers (6) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Funding corporations (7) 0.0 0.0 0.0 444.9 95.3 73.4 21.5 0.0 0.0 0.0 21

 22 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Corporate equities (8) 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 23

 24 Miscellaneous assets 18.1 17.0 40.5 568.8 74.8 81.6 223.9 199.5 233.1 235.5 24

 25 Nonofficial foreign currencies (9) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 8.9 0.3 1.5 25

 26 Other 18.1 17.0 16.5 15.1 64.6 81.5 124.0 190.6 232.8 233.9 26

 27 Total liabilities 865.7 892.9 932.5 2249.7 2240.6 2425.1 2918.3 2927.6 4046.3 4526.8 27

 28 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 1491.0 2249.1 2378.0 28

 29 Vault cash of depository institutions 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 73.6 75.7 29

 30 Checkable deposits and currency 750.8 774.3 792.1 1220.3 1102.7 1287.8 1165.7 1224.6 1364.1 1516.4 30

 31 Due to federal government 4.8 5.0 16.4 365.7 191.9 340.9 85.9 92.9 162.6 223.7 31

 32 Treasury cash holdings 0.2 0.3 0.3 0.3 0.2 0.2 0.1 0.2 0.2 0.2 32

 33 Treasury general deposit account 4.6 4.7 16.1 106.1 186.6 140.8 85.7 92.7 162.4 223.5 33

 34 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 5.0 200.0 0.0 0.0 0.0 0.0 34

 35 Due to rest of the world 0.1 0.1 0.1 1.4 2.4 3.4 0.2 6.5 8.0 5.3 35

 36 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 64.6 27.2 25.9 20.2 36

 37 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 1015.0 1098.1 1167.6 1267.3 37

 38 Security repurchase agreements 30.5 29.6 44.0 88.4 77.7 59.7 99.9 107.2 315.9 509.8 38

 39 Reverse repurchase agreement operations (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 197.8 396.7 39

 40 Other 30.5 29.6 44.0 88.4 77.7 59.7 99.9 107.2 118.2 113.1 40

 41 Miscellaneous liabilities 15.3 18.5 20.6 23.3 28.2 56.9 29.7 33.7 43.5 47.0 41

 42 Federal Reserve Bank stock 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 27.5 28.6 42

 43 Other 1.8 3.2 2.2 2.2 2.5 30.4 2.8 6.3 16.0 18.4 43

(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) Includes loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, AIG, Maiden Lane III LLC, and the Commercial Paper Funding Facility LLC.

(8) 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.

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

(10) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
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L.110 Private Depository Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 11083.9 11994.3 13144.7 14461.6 13554.2 13697.4 14580.2 14985.6 15920.5 16897.9 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 73.6 75.7 2

 3 Reserves at Federal Reserve 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 1491.0 2249.1 2378.0 3

 4 Federal funds and security repos 482.2 611.0 768.3 643.3 335.2 356.1 378.6 490.6 392.6 403.2 4

 5 Debt securities 2425.1 2569.4 2709.0 2829.5 2944.4 3070.7 3208.7 3399.1 3445.3 3662.1 5

 6 Open market paper 0.8 1.0 0.4 15.7 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 116.0 112.3 122.7 101.9 196.6 299.6 252.9 339.5 304.4 499.8 7

 8 Agency- and GSE-backed securities 1357.1 1373.9 1258.2 1400.3 1579.9 1718.1 1851.7 1901.3 1943.8 1970.0 8

 9 Municipal securities 166.6 191.4 204.0 224.4 227.8 257.1 303.9 371.9 427.0 458.0 9

 10 Corporate and foreign bonds 784.6 890.8 1123.7 1087.2 940.0 795.9 800.2 786.3 770.2 734.2 10

 11 Loans 7006.0 7624.1 8297.6 8559.1 7837.4 7936.4 8038.3 8278.0 8519.5 9087.2 11

 12 Depository institution loans n.e.c. 1620.4 1818.5 2147.0 2343.8 1925.1 1941.4 2186.5 2393.3 2590.2 2910.2 12

 13 Other loans and advances 4.0 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Mortgages 4336.9 4732.3 5018.6 5014.2 4768.9 4583.0 4436.2 4422.4 4392.1 4531.1 14

 15 Consumer credit 1044.7 1072.8 1131.5 1201.2 1143.4 1412.0 1415.6 1462.3 1537.1 1645.9 15

 16 Corporate equities 62.9 79.8 88.8 33.8 63.6 73.6 67.4 71.3 101.3 108.5 16

 17 Mutual fund shares 19.5 26.6 31.6 21.6 47.4 46.5 43.5 48.1 60.1 61.8 17

 18 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 125.5 138.0 143.8 149.6 18

 19 U.S. direct investment abroad 104.9 95.9 150.3 201.5 261.7 280.1 272.5 277.0 268.5 252.9 19

 20 Miscellaneous assets 914.2 823.7 919.0 1144.3 921.1 797.2 822.8 721.4 666.7 718.8 20

 21 Total liabilities 11137.6 12003.5 13019.0 14235.8 13779.2 13946.6 14909.1 15539.3 16429.0 17535.2 21

 22 Net interbank liabilities -23.1 -19.7 -75.2 834.6 183.5 47.8 266.0 121.7 490.2 411.6 22

 23 Checkable deposits 776.4 732.9 740.8 881.0 990.7 1072.0 1428.6 1629.2 1822.3 2021.2 23

 24 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 7803.9 8110.8 8475.8 24

 25 Large time deposits 1892.4 2181.6 2521.9 2339.5 2105.9 1923.2 1750.0 1659.9 1762.0 1972.9 25

 26 Federal funds and security repos 910.5 995.6 1028.2 859.6 727.3 734.0 706.9 674.9 582.1 607.5 26

 27 Debt securities 134.5 160.8 185.5 185.3 177.0 490.1 500.1 383.4 280.7 263.5 27

 28 Open market paper 4.1 0.9 0.8 0.5 0.6 113.0 120.6 87.5 59.7 54.5 28

 29 Corporate bonds 130.4 159.9 184.8 184.8 176.3 377.1 379.4 295.9 221.0 209.0 29

 30 Loans (other loans and advances) 608.7 627.2 838.4 845.6 567.6 418.9 356.4 362.0 433.2 493.9 30

 31 Taxes payable (net) 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 -47.6 -47.4 -32.3 31

 32 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 107.7 120.0 176.6 207.7 215.9 219.3 32

 33 Miscellaneous liabilities 2080.5 2216.6 2448.1 2542.8 2659.1 2575.3 2571.3 2744.2 2779.3 3101.9 33

 34 Investment by holding companies 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 1937.2 2133.2 34

 35 Investment by funding corporations 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 123.5 103.2 35

 36 Other 902.0 876.3 950.2 895.6 856.5 770.9 724.5 729.0 718.5 865.5 36

 Memo:

 37 Consumer leases not included above (2) 0.0 0.0 11.2 9.5 6.9 6.2 6.0 6.5 7.9 8.6 37

(1) U.S.-chartered depository institutions (L.111), foreign banking offices (L.112), banks in U.S.-affiliated areas (L.113), and credit unions (L.114).

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

 The leased automobile is a nonfinancial asset.
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L.111 U.S.-Chartered Depository Institutions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 9445.8 10151.3 11027.7 12150.4 11440.9 11473.5 11839.5 12218.4 12795.4 13646.6 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 73.6 75.6 2

 3 Reserves at Federal Reserve 17.4 17.5 19.3 617.0 661.4 575.8 798.7 798.5 1252.9 1443.6 3

 4 Federal funds and security repos 306.3 377.4 520.2 575.1 266.9 267.6 242.6 302.7 215.4 185.0 4

 5 Debt securities 1920.5 2045.8 2103.9 2188.8 2434.4 2549.8 2658.2 2821.8 2912.4 3153.9 5

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

 7 Treasury securities 76.5 74.4 80.1 56.4 124.5 217.5 173.9 243.2 217.1 420.4 7

 8 Agency- and GSE-backed securities 1185.0 1217.3 1106.3 1242.5 1417.4 1527.2 1634.1 1669.6 1717.3 1760.3 8

 9 Residential mortgage pass-through securities 695.0 746.1 697.1 851.0 837.5 835.3 899.1 912.8 953.5 979.7 9

 10 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 3.6 3.3 8.2 21.7 30.3 42.4 10

 11 Residential CMOs and other structured MBS 183.0 179.9 174.1 193.9 264.0 393.4 473.8 454.6 431.0 444.0 11

 12 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 4.0 3.6 13.4 42.9 66.8 81.4 12

 13 Other 307.0 291.2 235.1 197.6 308.4 291.5 239.6 237.7 235.7 212.7 13

 14 Municipal securities 166.1 190.1 202.0 221.9 224.3 254.6 297.3 365.0 418.9 451.5 14

 15 Corporate and foreign bonds 492.8 564.0 715.5 652.4 668.2 550.5 553.0 544.0 559.2 521.7 15

 16 Priv. residential mortgage pass-through securities 31.6 43.7 54.7 29.0 16.2 6.5 3.5 18.7 28.7 22.7 16

 17 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 17.8 11.4 8.9 9.3 8.0 5.6 17

 18 Priv. residential CMOs and other structured MBS 204.8 224.6 328.9 285.6 202.9 132.3 110.4 88.4 73.7 68.2 18

 19 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 26.0 24.7 27.4 32.7 37.3 42.7 19

 20 Other 256.5 295.7 331.9 337.8 405.2 375.6 402.9 394.9 411.4 382.6 20

 21 Loans 6117.5 6615.9 7131.4 7294.6 6703.3 6829.9 6867.4 7089.5 7241.4 7670.0 21

 22 Depository institution loans n.e.c. 1243.3 1363.5 1577.9 1714.4 1425.1 1449.5 1625.3 1842.0 1986.4 2236.2 22

 23 Other loans and advances 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Mortgages 4054.9 4415.7 4658.6 4615.2 4371.9 4194.9 4049.6 4028.8 3983.5 4090.7 24

 25 Consumer credit 816.1 836.7 894.9 965.0 906.3 1185.5 1192.6 1218.6 1271.6 1343.1 25

 26 Corporate equities 62.9 79.8 88.8 33.8 63.6 73.6 67.4 71.3 101.3 108.5 26

 27 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 45.0 41.7 45.8 57.9 59.7 27

 28 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 125.5 138.0 143.8 149.6 28

 29 U.S. direct investment abroad 104.9 95.9 150.3 201.5 261.7 280.1 272.5 277.0 268.5 252.9 29

 30 Miscellaneous assets 848.9 749.3 825.1 1051.5 837.1 683.0 704.8 602.8 528.1 547.7 30

 31 Total liabilities 9388.9 10075.5 10932.9 12092.3 11622.9 11709.0 12156.0 12719.7 13295.4 14284.0 31

 32 Net interbank liabilities 251.8 345.5 445.8 1130.1 633.7 428.3 164.9 36.7 227.8 282.0 32

 33 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 33

 34 Borrowing from Federal Reserve banks 0.1 0.1 48.6 559.7 96.6 0.2 0.2 0.1 0.1 0.1 34

 35 To domestic banks -38.1 -45.5 -36.3 34.7 42.2 21.3 62.1 18.7 57.2 12.0 35

 36 To foreign banks 288.9 391.3 433.5 537.1 496.9 408.2 103.3 18.5 171.4 270.4 36

 37 Checkable deposits 672.7 637.1 639.6 777.5 871.6 941.1 1260.5 1431.7 1579.8 1716.1 37

 38 Federal government 33.9 28.0 42.9 3.5 3.8 3.6 1.0 1.3 1.6 2.5 38

 39 Private domestic 621.5 582.3 564.9 711.1 833.5 907.0 1203.5 1378.5 1527.1 1660.2 39

 40 Rest of the world 17.4 26.8 31.7 62.9 34.3 30.4 56.1 51.8 51.2 53.4 40

 41 Small time and savings deposits 4111.6 4418.3 4664.0 5144.6 5617.0 5888.6 6425.7 6979.2 7236.0 7579.8 41

 42 Large time deposits 1225.0 1364.4 1429.6 1365.6 1029.9 896.1 882.9 803.0 826.9 929.3 42

 43 Federal funds and security repos 654.0 680.9 736.9 727.2 532.1 484.0 402.5 349.9 269.4 236.2 43

 44 Debt securities 133.7 160.3 185.0 185.3 177.0 490.1 500.1 383.4 280.7 263.5 44

 45 Open market paper 3.3 0.4 0.3 0.5 0.6 113.0 120.6 87.5 59.7 54.5 45

 46 Corporate bonds 130.4 159.9 184.8 184.8 176.3 377.1 379.4 295.9 221.0 209.0 46

 47 Loans (other loans and advances) 594.0 608.3 806.1 805.0 541.1 392.8 332.3 336.9 406.2 458.5 47

 48 Taxes payable (net) 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 -47.6 -47.4 -32.3 48

 49 Miscellaneous liabilities 1716.6 1832.7 2013.3 2030.5 2286.8 2247.6 2236.1 2446.4 2516.2 2851.0 49

 50 Investment by holding companies 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 1937.2 2133.2 50

 51 Other 726.9 689.8 756.4 660.0 687.3 614.7 527.1 557.2 578.9 717.8 51

 Memo:

 52 Consumer leases not included above (1) 0.0 0.0 11.2 9.5 6.9 6.2 6.0 6.5 7.9 8.6 52

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

 The leased automobile is a nonfinancial asset.
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L.112 Foreign Banking Offices in U.S. (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 903.9 1076.5 1313.0 1469.2 1218.1 1268.3 1736.4 1720.6 2037.1 2093.4 1

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

 3 Reserves at Federal Reserve 0.9 0.6 1.0 239.0 284.1 350.8 711.0 638.8 948.0 888.8 3

 4 Federal funds and security repos 169.2 228.4 245.6 68.1 68.2 88.4 120.1 178.3 177.1 218.1 4

 5 Debt securities 346.3 377.7 460.7 491.5 336.3 325.6 327.8 339.2 288.8 274.3 5

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

 7 Treasury securities 27.8 26.8 30.4 35.5 57.5 60.9 60.5 76.6 67.0 56.5 7

 8 Agency- and GSE-backed securities 50.9 55.1 57.1 50.6 31.3 26.5 30.6 32.1 25.4 20.5 8

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

 10 Corporate and foreign bonds 267.5 295.8 373.1 405.4 247.6 238.2 236.7 230.5 196.4 197.3 10

 11 Loans 353.3 432.3 559.9 621.8 485.0 474.3 533.4 520.5 566.2 640.9 11

 12 Depository institution loans n.e.c. 331.7 406.9 520.4 577.6 447.2 438.9 500.6 489.6 535.9 603.3 12

 13 Other loans and advances 0.8 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Mortgages 20.8 24.9 39.0 44.2 37.8 35.4 32.8 30.9 30.3 37.6 14

 15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 15

 16 Miscellaneous assets 34.2 37.5 45.9 48.9 44.5 29.2 44.2 43.9 57.0 71.3 16

 17 Total liabilities 1077.9 1233.0 1360.4 1375.7 1319.1 1351.5 1851.1 1878.9 2146.2 2205.2 17

 18 Net interbank liabilities -212.5 -301.5 -458.6 -225.6 -377.8 -347.1 157.5 155.6 330.6 197.8 18

 19 To foreign banks -252.2 -349.3 -501.0 -249.3 -411.0 -384.0 134.8 83.6 242.8 174.5 19

 20 To domestic banks 39.7 47.8 42.4 23.6 33.1 36.9 22.7 72.0 87.8 23.3 20

 21 Checkable deposits 9.3 9.3 11.8 13.5 16.1 21.9 45.6 61.8 92.6 137.8 21

 22 Small time and savings deposits 10.0 18.6 25.5 25.6 29.9 35.7 48.9 62.7 90.4 84.5 22

 23 Large time deposits 580.9 727.0 996.2 876.2 1024.2 977.7 814.6 798.4 869.5 971.8 23

 24 Federal funds and security repos 252.5 309.8 288.4 131.7 195.2 250.0 304.4 325.0 312.7 371.3 24

 25 Debt securities (open market paper) (2) 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 107.7 120.0 176.6 207.7 215.9 219.3 26

 27 Miscellaneous liabilities 306.8 334.0 402.5 482.7 323.8 293.3 303.4 267.8 234.6 222.8 27

 28 Investment by funding corporations 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 123.5 103.2 28

 29 Other 118.0 136.6 161.5 206.0 120.7 121.7 165.6 141.7 111.1 119.6 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.
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82 Historical Annuals, 2005-2014, September 18, 2015

L.113 Banks in U.S.-Affiliated Areas (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 106.3 105.2 104.9 102.0 94.7 79.9 75.8 75.8 84.7 91.9 1

 2 Debt securities 40.0 34.4 30.7 28.6 26.5 17.0 13.5 10.9 12.4 11.1 2

 3 Treasury securities 3.9 3.7 1.8 1.2 0.5 1.1 1.0 0.4 1.2 1.3 3

 4 Agency- and GSE-backed securities 34.8 29.0 26.3 24.4 20.5 12.8 4.8 2.6 1.9 1.7 4

 5 Municipal securities 0.5 1.3 2.0 2.5 3.5 2.5 3.4 2.6 3.6 2.7 5

 6 Corporate and foreign bonds 0.8 0.4 0.5 0.5 2.0 0.6 4.2 5.2 5.8 5.3 6

 7 Loans 61.0 64.8 62.2 62.3 61.7 51.9 50.5 53.0 51.8 47.4 7

 8 Depository institution loans n.e.c. 25.9 25.6 21.4 19.7 19.4 16.1 17.1 18.1 19.4 17.1 8

 9 Home mortgages 16.3 17.2 21.5 22.9 22.6 20.1 17.8 20.0 18.9 17.4 9

 10 Commercial mortgages 18.8 22.0 19.3 19.7 19.6 15.7 15.6 14.9 13.5 13.0 10

 11 Miscellaneous assets 5.3 5.9 12.1 11.1 6.5 11.0 11.8 12.0 20.5 33.4 11

 12 Total liabilities 103.4 102.1 94.4 91.0 90.0 75.2 72.1 72.0 80.5 87.6 12

 13 Net interbank liabilities -3.0 -2.9 -2.6 -3.2 -4.2 -3.3 -4.6 -4.9 -4.7 -5.3 13

 14 Checkable deposits 13.3 14.0 15.7 14.6 16.1 16.6 19.4 21.9 28.2 33.4 14

 15 Small time and savings deposits 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 21.4 23.4 15

 16 Large time deposits 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 21.4 23.4 16

 17 Miscellaneous liabilities 45.2 40.7 28.8 24.9 29.2 23.3 19.4 17.3 14.3 12.7 17

(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.114 Credit Unions

Billions of dollars

 1 Total financial assets 628.0 661.3 699.0 740.1 800.5 875.7 928.5 970.8 1003.3 1065.9 1

 2 Reserves at Federal Reserve 0.7 0.6 0.5 4.0 31.5 41.5 52.6 53.8 48.1 45.7 2

 3 Federal funds and security repos 6.7 5.1 2.5 0.1 0.1 0.0 15.9 9.7 0.1 0.0 3

 4 Debt securities 118.4 111.6 113.8 120.6 147.1 178.3 209.2 227.2 231.7 222.8 4

 5 Open market paper 0.8 1.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Treasury securities 7.7 7.4 10.4 8.8 14.2 20.1 17.6 19.3 19.1 21.6 6

 7 Agency- and GSE-backed securities 86.4 72.5 68.4 82.9 110.7 151.5 182.1 197.0 199.2 187.5 7

 8 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 3.2 4.2 4.6 3.8 8

 9 Corporate and foreign bonds 23.5 30.6 34.6 28.9 22.3 6.6 6.3 6.7 8.9 9.9 9

 10 Loans 474.2 511.1 544.1 580.5 587.4 580.3 587.0 615.1 660.1 728.9 10

 11 Depository institution loans n.e.c. 19.5 22.5 27.3 32.1 33.4 36.9 43.5 43.6 48.7 53.7 11

 12 Home mortgages 226.1 252.5 280.2 312.2 316.9 317.0 320.5 327.8 345.9 372.5 12

 13 Consumer credit 228.6 236.1 236.6 236.2 237.1 226.5 223.0 243.6 265.6 302.8 13

 14 Mutual fund shares 2.2 2.1 2.1 2.0 1.3 1.5 1.9 2.3 2.2 2.1 14

 15 Miscellaneous assets 25.8 30.9 36.0 32.8 33.0 74.1 61.9 62.7 61.1 66.4 15

 16 Total liabilities 567.4 592.8 631.4 676.8 747.2 810.9 830.0 868.7 906.9 958.4 16

 17 Net interbank liabilities -59.3 -60.8 -59.8 -66.6 -68.1 -30.0 -51.9 -65.7 -63.5 -62.8 17

 18 Shares/deposits 596.1 620.6 652.3 697.4 769.4 803.8 845.3 896.6 929.2 970.4 18

 19 Checkable 81.1 72.6 73.7 75.3 86.9 92.4 103.1 113.9 121.7 133.9 19

 20 Small time and savings 452.5 483.0 508.7 551.7 655.2 681.3 708.7 743.1 763.1 788.1 20

 21 Large time 62.5 65.0 69.9 70.4 27.3 30.1 33.5 39.7 44.3 48.4 21

 22 Federal funds and security repos 4.0 4.9 2.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Loans (other loans and advances) 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 27.0 35.4 23

 24 Miscellaneous liabilities 11.9 9.2 3.6 4.7 19.4 11.1 12.4 12.7 14.2 15.4 24
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Historical Annuals, 2005-2014, September 18, 2015 83

L.115 Property-Casualty Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 1246.3 1335.8 1385.8 1305.5 1380.2 1360.5 1380.6 1442.6 1536.1 1580.0 1

 2 Checkable deposits and currency 21.0 29.9 42.7 27.9 27.6 32.6 24.1 36.4 29.7 35.6 2

 3 Money market fund shares 12.8 13.5 20.7 32.8 29.6 25.6 20.0 22.3 20.1 18.3 3

 4 Security repurchase agreements 2.7 1.9 3.6 4.4 4.5 3.8 2.4 1.7 1.7 1.6 4

 5 Debt securities 816.5 860.6 864.6 848.5 882.3 886.4 921.9 922.2 950.8 964.6 5

 6 Open market paper 15.8 16.4 13.3 19.1 9.8 7.9 8.8 7.4 8.1 7.9 6

 7 Treasury securities 106.9 110.0 71.3 65.6 88.5 91.7 96.4 89.7 96.1 102.0 7

 8 Agency- and GSE-backed securities 117.9 122.0 125.8 114.3 116.2 115.8 122.7 114.3 109.5 105.2 8

 9 Municipal securities 313.2 335.2 371.3 381.9 369.4 348.4 331.0 328.1 326.4 321.7 9

 10 Corporate and foreign bonds 262.8 277.0 282.9 267.5 298.3 322.6 363.1 382.7 410.8 427.7 10

 11 Loans (commercial mortgages) 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 7.9 9.9 11

 12 Corporate equities 198.1 221.0 231.3 190.1 215.6 214.8 220.8 252.2 310.4 325.4 12

 13 Mutual fund shares 7.2 13.0 11.7 7.6 9.5 10.2 9.1 11.8 14.8 16.8 13

 14 Trade receivables 82.1 87.0 85.4 86.7 83.0 83.8 87.2 92.0 95.2 100.8 14

 15 U.S. direct investment abroad 103.3 105.5 121.1 102.6 123.7 99.1 90.2 98.5 105.5 107.1 15

 16 Total liabilities 759.0 826.3 818.6 792.3 804.3 823.2 858.8 862.8 867.0 887.1 16

 17 Security repurchase agreements 1.3 1.2 0.5 2.4 0.6 1.5 3.1 2.1 1.5 1.0 17

 18 Taxes payable (net) -1.6 9.4 7.0 -21.1 -15.8 -10.1 -14.5 -10.8 8.4 10.3 18

 19 Foreign direct investment in U.S. 60.1 99.9 76.6 51.2 64.7 70.7 73.9 58.1 44.1 47.9 19

 20 Miscellaneous liabilities 699.2 715.8 734.5 759.9 754.8 761.2 796.4 813.4 813.1 827.8 20

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

 22 Policy payables 699.2 715.8 734.5 759.9 754.8 761.2 796.4 802.1 807.8 822.5 22
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84 Historical Annuals, 2005-2014, September 18, 2015

L.116 Life Insurance Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 4350.7 4685.3 4949.7 4514.4 4823.9 5167.8 5340.1 5614.7 5977.3 6227.1 1

 2 Checkable deposits and currency 47.7 56.1 58.3 82.8 50.7 51.7 53.7 56.4 47.2 50.8 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 21.0 28.8 27.5 21.6 27.7 3

 4 Security repurchase agreements 2.6 2.6 2.7 8.0 10.2 10.9 6.1 8.2 2.9 3.4 4

 5 Debt securities 2345.7 2350.0 2399.2 2374.3 2555.6 2716.0 2818.5 2879.1 2934.2 3004.3 5

 6 Open market paper 24.4 28.7 41.7 38.3 49.8 40.9 29.7 43.6 46.7 42.2 6

 7 Treasury securities 95.4 87.9 70.6 105.7 133.5 156.6 175.4 180.9 168.6 182.9 7

 8 Agency- and GSE-backed securities 368.5 377.4 382.9 366.2 371.9 376.0 374.4 360.9 354.1 339.1 8

 9 Municipal securities 32.5 36.6 41.4 47.1 73.1 112.3 121.8 131.5 141.6 147.8 9

 10 Corporate and foreign bonds 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 2117.3 2162.2 2223.0 2292.3 10

 11 Loans 408.2 436.4 472.0 508.5 467.1 458.2 481.1 494.8 517.1 546.6 11

 12 Other loans and advances 122.8 132.6 145.8 166.1 140.9 140.7 148.6 150.4 153.9 161.9 12

 13 Mortgages 285.5 303.8 326.2 342.4 326.1 317.5 332.5 344.4 363.2 384.8 13

 14 Corporate equities 1161.8 1364.8 1464.6 1001.7 1208.5 1371.6 1355.5 1502.7 1743.4 1798.4 14

 15 Mutual fund shares 109.0 148.8 188.4 121.0 140.8 186.7 184.8 201.7 235.8 246.4 15

 16 U.S. direct investment abroad 19.1 20.0 25.6 25.0 28.9 46.3 54.2 69.1 72.2 72.8 16

 17 Miscellaneous assets 243.0 283.4 317.3 354.0 328.7 305.6 357.4 375.2 403.0 476.6 17

 18 Equity in FHLB 1.6 1.6 2.2 3.2 2.9 2.9 2.1 2.2 3.2 3.5 18

 19 Deferred and unpaid life ins. premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 29.1 19

 20 Other 219.0 258.9 291.2 323.8 303.7 278.0 331.0 348.1 371.9 444.0 20

 21 Total liabilities 4088.4 4412.0 4661.7 4265.0 4532.3 4844.3 5002.2 5248.8 5602.8 5828.1 21

 22 Security repurchase agreements 20.9 21.2 20.2 12.9 12.4 10.3 12.1 14.4 20.9 21.9 22

 23 Loans (other loans and advances) 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 59.4 71.8 23

 24 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 1309.0 1366.3 1426.1 24

 25 Pension entitlements (2) 2002.5 2172.1 2294.5 2053.2 2148.8 2344.7 2384.5 2574.0 2843.3 2956.9 25

 26 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 -28.3 -30.5 -32.4 26

 27 Foreign direct investment in U.S. 65.8 71.3 68.7 60.3 69.4 84.3 103.6 105.3 88.1 101.4 27

 28 Miscellaneous liabilities 953.0 1014.9 1098.2 974.6 1090.3 1158.9 1176.5 1222.8 1255.4 1282.5 28

 29 Investment by parent companies 35.6 38.3 43.7 31.2 40.5 62.7 72.0 17.2 10.7 11.5 29

 30 Other reserves (3) 217.3 232.1 247.6 265.2 273.6 290.7 305.5 303.7 304.2 310.0 30

 31 Unallocated insurance contracts 533.2 548.3 587.6 448.9 587.0 617.5 623.4 640.0 656.1 668.1 31

 32 Other 166.9 196.3 219.3 229.3 189.1 187.9 175.5 261.9 284.5 292.9 32

(1) Additional detail on the financial assets and liabilities held in life insurer’s general and separate accounts is available on tables L.116.g and L.116.s.

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 31.

(3) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
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Historical Annuals, 2005-2014, September 18, 2015 85

L.116.g Life Insurance Companies: General Accounts

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 2896.8 2984.2 3065.2 3157.2 3208.3 3335.5 3512.5 3570.3 3657.0 3812.9 1

 2 Checkable deposits and currency 30.8 36.5 40.0 61.8 34.4 32.4 35.3 36.7 31.9 35.4 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 21.0 28.8 27.5 21.6 27.7 3

 4 Security repurchase agreements 2.6 2.6 2.7 8.0 10.2 10.9 6.1 8.2 2.9 3.4 4

 5 Debt securities 2147.9 2131.2 2162.6 2143.0 2319.2 2439.6 2538.4 2561.3 2610.9 2682.0 5

 6 Open market paper 10.4 12.5 17.6 17.7 33.2 21.2 8.6 24.5 25.9 19.8 6

 7 Treasury securities 74.2 65.1 51.3 87.6 113.7 128.9 139.2 140.5 129.2 138.3 7

 8 Agency- and GSE-backed securities 323.6 320.8 323.0 286.5 289.2 283.5 282.0 277.1 270.5 267.2 8

 9 Municipal securities 31.5 35.3 39.9 42.9 68.8 108.3 117.5 126.6 135.7 141.0 9

 10 Corporate and foreign bonds 1708.2 1697.4 1730.8 1708.3 1814.3 1897.7 1991.0 1992.6 2049.6 2115.6 10

 11 Loans 398.2 425.5 461.0 493.3 456.1 447.3 471.0 486.0 506.4 534.5 11

 12 Other loans and advances 122.2 132.0 145.3 165.5 140.4 140.2 148.1 150.0 153.6 161.5 12

 13 Mortgages 276.0 293.5 315.8 327.8 315.7 307.1 322.9 336.0 352.8 373.0 13

 14 Corporate equities 90.5 135.7 144.7 110.1 70.3 74.3 75.3 74.0 76.5 82.1 14

 15 Mutual fund shares 4.1 4.2 5.2 2.2 2.4 2.6 3.1 3.4 3.7 3.9 15

 16 U.S. direct investment abroad 19.1 20.0 25.6 25.0 28.9 46.3 54.2 69.1 72.2 72.8 16

 17 Miscellaneous assets 190.0 205.4 201.7 274.8 253.2 261.2 300.3 304.1 330.8 371.2 17

 18 Total liabilities 2624.9 2700.3 2765.3 2898.3 2911.6 3007.6 3170.3 3198.0 3275.9 3406.8 18

 19 Security repurchase agreements 20.9 21.2 20.2 12.9 12.4 10.3 12.1 14.4 20.9 21.9 19

 20 Loans (other loans and advances) 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 59.4 71.8 20

 21 Life insurance reserves 841.4 867.1 879.7 932.7 969.5 1001.5 1074.5 1068.3 1096.6 1142.7 21

 22 Pension entitlements (1) 1033.1 987.2 986.4 1114.2 992.4 1014.4 1049.6 1056.7 1100.7 1143.6 22

 23 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 -28.3 -30.5 -32.4 23

 24 Foreign direct investment in U.S. 65.8 71.3 68.7 60.3 69.4 84.3 103.6 105.3 88.1 101.4 24

 25 Miscellaneous liabilities 657.5 740.6 786.3 747.6 851.0 880.9 907.3 930.1 940.7 957.8 25

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).

L.116.s Life Insurance Companies: Separate Accounts

Billions of dollars

 1 Total financial assets 1453.9 1701.0 1884.5 1357.2 1615.6 1832.4 1827.6 2044.4 2320.3 2414.2 1

 2 Checkable deposits and currency 16.9 19.6 18.3 21.0 16.3 19.3 18.4 19.7 15.3 15.4 2

 3 Debt securities 197.8 218.8 236.5 231.3 236.4 276.4 280.1 317.8 323.2 322.3 3

 4 Open market paper 14.0 16.1 24.1 20.6 16.6 19.7 21.1 19.1 20.9 22.3 4

 5 Treasury securities 21.3 22.8 19.3 18.1 19.8 27.7 36.2 40.4 39.5 44.6 5

 6 Agency- and GSE-backed securities 44.9 56.5 59.9 79.7 82.8 92.4 92.4 83.8 83.6 71.9 6

 7 Municipal securities 1.0 1.3 1.5 4.2 4.3 4.0 4.3 4.9 5.9 6.8 7

 8 Corporate and foreign bonds 116.6 122.1 131.8 108.8 112.9 132.5 126.2 169.6 173.4 176.7 8

 9 Loans 10.1 10.9 11.0 15.3 11.0 10.9 10.1 8.8 10.7 12.1 9

 10 Other loans and advances 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.4 0.4 0.4 10

 11 Mortgages 9.5 10.3 10.4 14.7 10.4 10.3 9.6 8.5 10.4 11.8 11

 12 Corporate equities 1071.3 1229.2 1319.9 891.6 1138.1 1297.2 1280.2 1428.6 1666.9 1716.4 12

 13 Mutual fund shares 104.9 144.6 183.1 118.8 138.4 184.1 181.7 198.3 232.1 242.6 13

 14 Miscellaneous assets 53.0 78.0 115.6 79.3 75.5 44.5 57.2 71.1 72.1 105.4 14

 15 Total liabilities 1463.5 1711.7 1896.4 1366.7 1620.7 1836.6 1831.9 2050.8 2327.0 2421.3 15

 16 Life insurance reserves 198.5 252.5 276.5 200.7 225.0 228.4 227.8 240.7 269.7 283.4 16

 17 Pension entitlements (1) 969.5 1184.9 1308.1 939.1 1156.4 1330.2 1334.9 1517.3 1742.6 1813.3 17

 18 Miscellaneous liabilities 295.5 274.3 311.9 226.9 239.3 278.0 269.2 292.7 314.7 324.6 18

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 18).
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86 Historical Annuals, 2005-2014, September 18, 2015

L.117 Private and Public Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (2) 11375.6 12187.9 12831.4 12115.1 13160.9 14536.8 14909.3 15747.1 16906.2 17609.9 1

 2 Checkable deposits and currency 16.9 20.8 22.4 17.0 13.8 16.5 22.5 20.8 20.3 21.6 2

 3 Time and savings deposits 77.1 53.6 60.7 58.1 61.1 65.5 69.0 62.0 69.4 73.9 3

 4 Money market fund shares 122.7 191.3 198.7 199.9 186.4 178.2 195.5 174.6 190.7 186.9 4

 5 Security repurchase agreements 29.0 6.5 6.9 5.8 5.8 5.9 6.0 5.5 6.1 6.6 5

 6 Debt securities 2352.1 2510.1 2620.1 2697.0 2691.3 2912.0 3093.2 3293.5 3578.3 3731.8 6

 7 Open market paper 60.9 78.2 83.1 78.2 78.3 80.5 84.7 76.2 85.1 91.0 7

 8 Treasury securities (3) 1221.6 1286.3 1323.0 1406.0 1528.7 1646.9 1791.1 1920.4 2040.1 2127.2 8

 9 Agency- and GSE-backed securities 441.8 383.4 383.9 356.8 344.9 354.3 318.4 296.8 292.0 276.3 9

 10 Municipal securities 1.7 1.7 1.5 1.4 1.4 2.2 1.7 1.8 3.1 4.2 10

 11 Corporate and foreign bonds 626.1 760.5 828.6 854.7 737.9 828.2 897.3 998.3 1158.0 1233.1 11

 12 Loans (mortgages) 23.3 47.3 51.5 40.6 35.6 38.0 32.9 33.1 31.8 31.7 12

 13 Corporate equities 4204.8 4103.6 4299.7 2730.7 3373.9 3855.5 3662.7 4065.1 4887.5 5158.5 13

 14 Mutual fund shares 2047.3 2362.5 2528.6 1709.0 2204.2 2495.3 2410.1 2689.9 3280.2 3534.7 14

 15 Miscellaneous assets 2502.5 2892.3 3042.7 4657.1 4588.8 4969.9 5417.5 5402.6 4842.0 4864.3 15

 16 Unallocated insurance contracts (4) 533.2 548.3 587.6 448.9 587.0 617.5 623.4 640.0 656.1 668.1 16

 17 Contributions receivable 44.8 64.7 69.3 84.0 75.4 90.8 93.8 81.4 79.0 77.9 17

 18 Claims of pension fund on sponsor (5) 1746.3 1716.1 1788.1 3543.7 3328.6 3634.2 4027.9 3977.9 3365.2 3345.5 18

 19 Other 178.1 563.2 597.7 580.4 597.8 627.4 672.4 703.3 741.8 772.9 19

 20 Pension entitlements (liabilities) (6) 11468.8 12311.7 12976.8 12244.5 13302.0 14679.8 15056.6 15907.7 17088.7 17805.8 20

 Memo:

 Funded status of defined benefit plans:

 21 Pension entitlements 7762.2 8221.9 8612.3 8976.1 9315.4 10172.8 10563.6 10907.3 11196.0 11505.8 21

 22 Funded by assets (7) 6015.9 6505.8 6824.2 5432.4 5986.9 6538.6 6535.7 6930.6 7830.8 8160.4 22

 23 Unfunded (line 18) 1746.3 1716.1 1788.1 3543.7 3328.6 3634.2 4027.9 3976.7 3365.2 3345.5 23

 24 Household retirement assets (8) 16422.1 18161.1 19456.8 17481.4 19386.7 21456.4 22064.8 23723.1 26177.4 27453.8 24

 25 Defined benefit plans 7669.1 8098.2 8466.9 8846.7 9174.4 10029.8 10416.3 10746.7 11013.4 11309.9 25

 26 Defined contribution plans 3706.6 4089.7 4364.5 3268.4 3986.6 4507.0 4493.1 5000.4 5892.7 6300.0 26

 27 Individual retirement plans (IRAs) (9) 3425.0 4207.0 4748.0 3681.0 4488.0 5029.0 5241.0 5907.0 6966.0 7443.0 27

 28 Annuities at life insurance companies (10) 1621.5 1766.1 1877.5 1685.2 1737.8 1890.7 1914.5 2069.0 2305.3 2400.9 28

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

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

(3) Includes both marketable and nonmarketable government securities.

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

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

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

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

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

(9) IRA assets are not included above. See memo item on table L.227 for a sectoral distribution of IRA accounts.

(10) Annuities held in IRAs at life insurance companies are excluded. They are included in line 27.
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Historical Annuals, 2005-2014, September 18, 2015 87

L.118 Private Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (2) 5397.7 5812.7 6159.0 5306.9 5953.4 6599.4 6713.4 7239.7 8061.0 8442.2 1

 2 Checkable deposits and currency 10.7 17.4 18.7 13.1 10.3 12.5 18.1 16.4 15.9 16.4 2

 3 Time and savings deposits 61.5 29.9 33.6 29.1 32.1 31.4 33.0 29.1 34.0 34.0 3

 4 Money market fund shares 86.7 144.2 151.1 156.2 146.6 136.4 152.9 135.7 148.4 138.8 4

 5 Security repurchase agreements 22.1 3.5 3.7 2.8 2.9 2.7 2.7 2.4 2.8 2.8 5

 6 Debt securities 676.5 709.8 738.7 739.7 751.4 869.2 947.6 1092.9 1182.5 1205.1 6

 7 Open market paper 26.5 43.1 46.6 40.5 42.1 40.1 42.6 37.7 43.6 44.6 7

 8 Treasury securities 113.8 137.3 137.7 142.9 175.5 206.8 247.4 311.8 308.4 320.5 8

 9 Agency- and GSE-backed securities 248.4 182.1 185.8 184.0 177.4 183.9 174.6 176.6 171.0 160.3 9

 10 Corporate and foreign bonds 287.9 347.3 368.6 372.4 356.4 438.4 483.0 566.8 659.5 679.7 10

 11 Loans (mortgages) 9.8 31.9 34.2 26.1 23.7 26.5 21.9 23.1 22.4 22.5 11

 12 Corporate equities 2359.1 2057.3 2125.3 1323.8 1567.3 1848.0 1750.9 1972.9 2349.1 2476.6 12

 13 Mutual fund shares 1650.7 1920.6 2083.5 1429.5 1877.0 2136.9 2117.9 2383.8 2884.7 3105.6 13

 14 Miscellaneous assets 520.6 898.3 970.3 1586.6 1541.9 1535.7 1668.4 1583.4 1421.4 1440.3 14

 15 Unallocated insurance contracts (3) 407.6 407.1 435.1 339.5 451.4 466.5 483.7 503.5 525.2 531.6 15

 16 Contributions receivable 44.8 64.7 69.3 84.0 75.4 90.8 93.8 81.4 79.0 77.9 16

 17 Claims of pension fund on sponsor (4) -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 166.3 17

 18 Other 98.3 455.3 487.5 487.9 515.7 529.9 573.3 607.4 635.5 664.5 18

 19 Pension entitlements (liabilities) (5) 5436.9 5850.4 6193.3 5342.2 5989.8 6635.9 6749.9 7276.2 8097.6 8478.7 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 2290.4 2402.0 2529.1 2608.2 2662.7 2872.2 2983.7 3055.4 3093.7 3135.8 20

 21 Funded by assets (6) 2320.5 2430.9 2550.7 1933.1 2163.3 2423.6 2466.0 2664.3 2912.0 2969.5 21

 22 Unfunded (line 17) -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 166.3 22

 Total financial assets (7)

 23 Defined benefit plans 2251.2 2364.3 2494.9 2572.9 2626.3 2835.7 2947.1 3018.8 3057.2 3099.3 23

 24 Defined contribution plans 3146.5 3448.4 3664.1 2734.0 3327.1 3763.7 3766.2 4220.8 5003.9 5342.9 24

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

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

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

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

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

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

(7) Additional detail on defined benefit plans and defined contribution plans is available on tables L.118.b and L.118.c.
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88 Historical Annuals, 2005-2014, September 18, 2015

L.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (1) 2251.2 2364.3 2494.9 2572.9 2626.3 2835.7 2947.1 3018.8 3057.2 3099.3 1

 2 Checkable deposits and currency 5.3 11.1 11.9 7.7 5.0 7.7 9.5 8.4 8.7 8.8 2

 3 Time and savings deposits 42.0 26.4 29.8 24.3 27.7 27.5 28.7 25.4 29.8 29.7 3

 4 Money market fund shares 0.0 54.2 54.6 39.5 39.8 34.7 34.3 30.3 35.7 34.2 4

 5 Security repurchase agreements 5.1 3.5 3.7 2.8 2.9 2.7 2.7 2.4 2.8 2.8 5

 6 Debt securities 464.3 544.3 565.7 520.4 526.4 596.9 677.4 761.3 835.6 850.6 6

 7 Open market paper 5.1 32.1 36.0 28.0 31.2 30.2 31.3 27.6 32.5 33.1 7

 8 Treasury securities 60.0 112.2 110.2 99.3 112.1 119.4 152.4 188.3 185.7 191.2 8

 9 Agency- and GSE-backed securities 198.5 142.1 146.1 122.8 116.3 119.0 119.7 110.6 104.4 98.4 9

 10 Corporate and foreign bonds 200.6 257.9 273.3 270.2 266.9 328.3 374.1 434.7 513.0 527.9 10

 11 Loans (mortgages) 4.2 24.9 26.6 19.0 17.0 18.2 15.8 15.7 14.6 14.2 11

 12 Corporate equities 1392.8 1150.7 1209.3 726.1 863.8 1010.7 929.5 1048.0 1165.0 1196.9 12

 13 Mutual fund shares 253.4 313.7 332.6 259.5 321.2 348.0 356.2 359.1 408.0 413.9 13

 14 Miscellaneous assets 84.2 235.6 260.7 973.7 822.3 789.3 893.0 768.2 557.0 548.1 14

 15 Unallocated insurance contracts (2) 88.8 61.5 65.4 54.8 57.6 52.8 64.5 58.1 60.7 62.0 15

 16 Contributions receivable 1.8 35.9 38.4 55.1 49.8 63.1 64.8 52.4 48.3 46.4 16

 17 Claims of pension fund on sponsor (3) -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 166.3 17

 18 Other 23.7 167.1 178.5 188.7 215.5 224.8 246.0 266.6 266.3 273.3 18

 19 Pension entitlements (liabilities) (4) 2290.4 2402.0 2529.1 2608.2 2662.7 2872.2 2983.7 3055.4 3093.7 3135.8 19

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

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

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

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

L.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets 3146.5 3448.4 3664.1 2734.0 3327.1 3763.7 3766.2 4220.8 5003.9 5342.9 1

 2 Checkable deposits and currency 5.4 6.3 6.8 5.4 5.3 4.8 8.6 7.9 7.1 7.5 2

 3 Time and savings deposits 19.6 3.5 3.8 4.8 4.3 3.9 4.3 3.7 4.1 4.3 3

 4 Money market fund shares 86.7 90.0 96.5 116.7 106.8 101.7 118.5 105.4 112.7 104.6 4

 5 Security repurchase agreements 17.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Debt securities 212.3 165.5 173.0 219.3 225.0 272.3 270.2 331.6 346.9 354.5 6

 7 Open market paper 21.4 11.0 10.6 12.4 10.9 9.9 11.3 10.1 11.1 11.6 7

 8 Treasury securities 53.8 25.1 27.5 43.5 63.5 87.3 95.1 123.4 122.7 129.3 8

 9 Agency- and GSE-backed securities 49.8 40.0 39.6 61.1 61.1 64.9 54.9 66.0 66.6 61.9 9

 10 Corporate and foreign bonds 87.3 89.4 95.3 102.2 89.5 110.1 108.9 132.0 146.5 151.8 10

 11 Loans (mortgages) 5.6 7.0 7.5 7.2 6.7 8.3 6.1 7.4 7.8 8.3 11

 12 Corporate equities 966.3 906.6 916.1 597.7 703.5 837.4 821.4 925.0 1184.1 1279.7 12

 13 Mutual fund shares 1397.3 1606.9 1750.9 1170.1 1555.8 1788.9 1761.7 2024.6 2476.7 2691.7 13

 14 Miscellaneous assets 436.4 662.6 709.6 612.8 719.6 746.4 775.5 815.2 864.4 892.3 14

 15 Unallocated insurance contracts (2) 318.8 345.6 369.7 284.7 393.8 413.7 419.2 445.4 464.5 469.6 15

 16 Contributions receivable 43.0 28.8 30.9 28.9 25.6 27.7 29.0 29.0 30.7 31.5 16

 17 Other 74.6 288.2 309.0 299.2 300.2 305.1 327.3 340.8 369.3 391.2 17

 18 Pension entitlements (liabilities) 3146.5 3448.4 3664.1 2734.0 3327.1 3763.7 3766.2 4220.8 5003.9 5342.9 18

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
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Historical Annuals, 2005-2014, September 18, 2015 89

L.119 Federal Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (1) 2494.8 2609.6 2714.0 2758.4 2922.6 3156.4 3261.1 3378.6 3533.0 3667.6 1

 2 Debt securities 961.2 1005.7 1051.6 1138.8 1208.2 1284.8 1381.1 1436.9 1544.7 1630.7 2

 3 Treasury securities (2) 951.0 995.3 1039.9 1127.9 1197.3 1273.0 1367.2 1419.8 1530.6 1617.5 3

 4 Agency- and GSE-backed securities 5.8 5.6 5.4 5.2 5.2 5.8 6.5 8.1 6.4 5.8 4

 5 Corporate and foreign bonds 4.4 4.8 6.3 5.8 5.7 5.9 7.3 9.0 7.7 7.3 5

 6 Corporate equities 110.9 135.6 145.7 83.7 116.8 140.9 134.4 148.1 206.2 235.0 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 1802.0 7

 8 Pension entitlements (liabilities) (4) 2494.8 2609.6 2714.0 2758.4 2922.6 3156.4 3261.1 3378.6 3533.0 3667.6 8

 Memo:

 Funded status of defined benefit plans:

 9 Pension entitlements 2330.9 2413.5 2494.7 2568.9 2692.9 2891.9 2975.8 3062.4 3151.7 3240.0 9

 10 Funded by assets (5) 908.1 945.1 977.9 1033.1 1095.4 1161.1 1230.2 1270.0 1369.6 1438.0 10

 11 Unfunded (line 7) 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1792.4 1782.1 1802.0 11

 Total financial assets (6)

 12 Defined benefit plans 2330.9 2413.5 2494.7 2568.9 2692.9 2891.9 2975.8 3062.4 3151.7 3240.0 12

 13 Defined contribution plans 163.9 196.2 219.4 189.5 229.7 264.6 285.3 316.2 381.3 427.6 13

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

(2) Includes marketable and nonmarketable Treasury securities.

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

(4) 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.

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables L.119.b and L.119.c.
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90 Historical Annuals, 2005-2014, September 18, 2015

L.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (2) 2330.9 2413.5 2494.7 2568.9 2692.9 2891.9 2975.8 3062.4 3151.7 3240.0 1

 2 Debt securities 890.4 926.2 960.0 1022.6 1083.8 1148.7 1219.8 1260.2 1358.4 1426.9 2

 3 Treasury securities (3) 884.5 920.3 953.6 1017.2 1079.5 1145.0 1215.4 1255.5 1353.7 1422.5 3

 4 Agency- and GSE-backed securities 3.2 2.8 2.1 1.7 1.1 0.9 0.7 0.5 0.5 0.3 4

 5 Corporate and foreign bonds 2.7 3.1 4.3 3.7 3.2 2.9 3.7 4.1 4.1 4.1 5

 6 Corporate equities 17.7 18.9 17.9 10.5 11.6 12.4 10.4 9.8 11.2 11.1 6

 7 Claims of pension fund on sponsor (misc. assets) (4) 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1792.4 1782.1 1802.0 7

 8 Pension entitlements (liabilities) (5) 2330.9 2413.5 2494.7 2568.9 2692.9 2891.9 2975.8 3062.4 3151.7 3240.0 8

(1) Includes civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, foreign service retirement and

 disability fund, and the National Railroad Investment Trust.

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

(3) Includes both marketable and nonmarketable government securities.

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

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

L.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets 163.9 196.2 219.4 189.5 229.7 264.6 285.3 316.2 381.3 427.6 1

 2 Debt securities 70.8 79.5 91.6 116.2 124.4 136.0 161.3 176.7 186.3 203.8 2

 3 Treasury securities (2) 66.6 75.0 86.3 110.7 117.7 128.1 151.8 164.2 176.9 195.0 3

 4 Agency- and GSE-backed securities 2.6 2.8 3.3 3.4 4.1 4.9 5.8 7.5 5.9 5.5 4

 5 Corporate and foreign bonds 1.6 1.7 2.0 2.1 2.5 3.0 3.7 5.0 3.6 3.2 5

 6 Corporate equities 93.1 116.7 127.8 73.2 105.3 128.5 124.0 138.3 195.0 223.8 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 0.0 0.0 7

 8 Pension entitlements (liabilities) 163.9 196.2 219.4 189.5 229.7 264.6 285.3 316.2 381.3 427.6 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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Historical Annuals, 2005-2014, September 18, 2015 91

L.120 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (1) 3483.1 3765.6 3958.3 4049.8 4285.0 4781.0 4934.9 5128.8 5312.1 5500.1 1

 2 Checkable deposits and currency 6.2 3.4 3.8 3.9 3.5 4.0 4.4 4.4 4.5 5.2 2

 3 Time and savings deposits 15.5 23.7 27.1 28.9 29.1 34.1 36.0 32.9 35.4 39.9 3

 4 Money market fund shares 36.0 47.1 47.6 43.7 39.7 41.8 42.6 38.9 42.3 48.1 4

 5 Security repurchase agreements 7.0 3.0 3.2 3.1 2.9 3.2 3.3 3.1 3.3 3.7 5

 6 Debt securities 714.3 794.6 829.8 818.5 731.7 758.1 764.6 763.7 851.1 896.0 6

 7 Open market paper 34.5 35.1 36.4 37.8 36.2 40.3 42.1 38.5 41.4 46.4 7

 8 Treasury securities 156.8 153.7 145.4 135.2 155.9 167.1 176.5 188.8 201.1 189.1 8

 9 Agency- and GSE-backed securities 187.6 195.8 192.7 167.6 162.3 164.6 137.3 112.0 114.6 110.2 9

 10 Municipal securities 1.7 1.7 1.5 1.4 1.4 2.2 1.7 1.8 3.1 4.2 10

 11 Corporate and foreign bonds 333.8 408.3 453.8 476.5 375.8 383.8 407.0 422.5 490.8 546.1 11

 12 Loans (mortgages) 13.4 15.3 17.3 14.5 11.9 11.6 11.0 10.0 9.4 9.2 12

 13 Corporate equities 1734.9 1910.7 2028.7 1323.2 1689.7 1866.5 1777.5 1944.0 2332.3 2446.9 13

 14 Mutual fund shares 396.6 441.9 445.1 279.4 327.2 358.4 292.2 306.2 395.5 429.1 14

 15 Miscellaneous assets 559.1 525.7 555.6 1534.7 1449.3 1703.3 2003.4 2025.6 1638.4 1622.0 15

 16 Unallocated insurance contracts (2) 125.6 141.2 152.5 109.4 135.6 151.1 139.7 136.4 130.8 136.5 16

 17 Claims of pension fund on sponsor (3) 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 17

 18 Other 79.8 107.9 110.2 92.5 82.1 97.5 99.1 95.9 106.2 108.4 18

 19 Pension entitlements (liabilities) (4) 3537.1 3851.6 4069.5 4143.9 4389.7 4887.5 5045.7 5252.9 5458.1 5659.4 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 3140.9 3406.5 3588.5 3799.0 3959.8 4408.7 4604.1 4789.6 4950.6 5130.0 20

 21 Funded by assets (5) 2787.3 3129.8 3295.6 2466.2 2728.2 2953.9 2839.5 2996.3 3549.3 3752.9 21

 22 Unfunded (line 17) 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 22

 Total financial assets (6)

 23 Defined benefit plans 3086.9 3320.4 3477.3 3704.9 3855.2 4302.2 4493.3 4665.5 4804.6 4970.6 23

 24 Defined contribution plans 396.1 445.1 481.0 344.9 429.8 478.8 441.6 463.3 507.5 529.4 24

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

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

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

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

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables L.120.b and L.120.c.
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92 Historical Annuals, 2005-2014, September 18, 2015

L.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets (1) 3086.9 3320.4 3477.3 3704.9 3855.2 4302.2 4493.3 4665.5 4804.6 4970.6 1

 2 Checkable deposits and currency 6.1 3.3 3.5 3.5 3.4 3.9 4.1 3.8 4.1 4.6 2

 3 Time and savings deposits 14.4 22.9 26.0 27.1 27.6 33.1 35.3 32.5 34.8 39.5 3

 4 Money market fund shares 36.0 47.1 47.6 43.7 39.7 41.8 42.2 38.9 41.5 47.2 4

 5 Security repurchase agreements 7.0 3.0 3.2 3.1 2.9 3.2 3.3 3.1 3.3 3.7 5

 6 Debt securities 693.2 773.1 806.8 790.1 700.8 724.1 728.8 726.5 816.4 861.3 6

 7 Open market paper 26.6 27.9 30.8 31.2 31.0 36.4 38.5 35.4 37.9 43.0 7

 8 Treasury securities 152.5 149.8 140.2 127.6 145.4 153.7 160.7 172.8 188.2 176.8 8

 9 Agency- and GSE-backed securities 181.9 189.5 185.2 156.9 152.2 154.7 128.2 103.4 106.4 102.2 9

 10 Municipal securities 1.6 1.6 1.4 1.3 1.3 2.0 1.4 1.4 2.4 3.3 10

 11 Corporate and foreign bonds 330.6 404.4 449.1 473.0 370.9 377.3 399.9 413.4 481.7 535.9 11

 12 Loans (mortgages) 13.4 15.3 17.3 14.5 11.9 11.6 11.0 10.0 9.4 9.2 12

 13 Corporate equities 1605.6 1765.1 1876.0 1228.0 1566.2 1728.8 1655.3 1811.4 2173.0 2282.7 13

 14 Mutual fund shares 278.1 306.2 294.2 170.1 189.2 203.9 150.1 150.5 215.6 238.6 14

 15 Miscellaneous assets 433.2 384.3 402.7 1424.9 1313.4 1551.9 1863.3 1888.8 1506.4 1483.8 15

 16 Claims of pension fund on sponsor (2) 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 16

 17 Other 79.5 107.6 109.8 92.1 81.7 97.1 98.7 95.5 105.1 106.6 17

 18 Pension entitlements (liabilities) (3) 3140.9 3406.5 3588.5 3799.0 3959.8 4408.7 4604.1 4789.6 4950.6 5130.0 18

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

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

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

L.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets 396.1 445.1 481.0 344.9 429.8 478.8 441.6 463.3 507.5 529.4 1

 2 Checkable deposits and currency 0.1 0.1 0.2 0.4 0.1 0.1 0.3 0.6 0.4 0.6 2

 3 Time and savings deposits 1.1 0.9 1.1 1.8 1.5 1.0 0.7 0.3 0.6 0.4 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.7 0.9 4

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

 6 Debt securities 21.2 21.4 23.0 28.4 30.8 34.0 35.8 37.2 34.6 34.7 6

 7 Open market paper 7.9 7.2 5.7 6.5 5.2 4.0 3.7 3.0 3.6 3.4 7

 8 Treasury securities 4.3 3.9 5.1 7.6 10.5 13.4 15.7 16.1 12.9 12.3 8

 9 Agency- and GSE-backed securities 5.7 6.3 7.5 10.7 10.1 10.0 9.1 8.6 8.3 8.0 9

 10 Municipal securities 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.4 0.8 0.9 10

 11 Corporate and foreign bonds 3.2 4.0 4.6 3.5 4.9 6.5 7.1 9.1 9.1 10.2 11

 12 Corporate equities 129.3 145.6 152.7 95.2 123.5 137.7 122.2 132.6 159.2 164.2 12

 13 Mutual fund shares 118.5 135.7 150.9 109.4 138.0 154.5 142.2 155.7 179.9 190.5 13

 14 Miscellaneous assets 125.9 141.5 152.9 109.8 136.0 151.5 140.1 136.8 132.0 138.2 14

 15 Unallocated insurance contracts (2) 125.6 141.2 152.5 109.4 135.6 151.1 139.7 136.4 130.8 136.5 15

 16 Other 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.3 1.2 1.7 16

 17 Pension entitlements (liabilities) 396.1 445.1 481.0 344.9 429.8 478.8 441.6 463.3 507.5 529.4 17

(1) Includes 403(b) and 457 type plans.

(2) Assets held at life insurance companies.
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Historical Annuals, 2005-2014, September 18, 2015 93

L.121 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 2678.5 2688.1 1

 2 Foreign deposits 75.8 65.8 100.2 85.6 97.1 105.9 42.9 43.3 33.7 24.1 2

 3 Checkable deposits and currency -0.9 6.6 1.9 7.5 17.9 14.2 20.1 16.5 13.3 -4.3 3

 4 Time and savings deposits 191.3 219.3 294.0 396.8 566.6 458.9 402.7 435.4 494.8 515.5 4

 5 Security repurchase agreements 345.6 394.8 605.9 542.4 480.0 479.4 490.5 544.7 493.4 644.6 5

 6 Debt securities 1348.6 1570.2 1962.0 2689.9 2070.0 1673.4 1663.6 1580.9 1611.7 1490.8 6

 7 Open market paper 489.4 600.8 674.6 618.5 510.5 394.2 354.2 340.8 352.0 333.5 7

 8 Treasury securities 88.6 82.6 178.2 577.7 406.4 335.4 443.3 457.8 488.0 412.7 8

 9 Agency- and GSE-backed securities 162.0 133.9 235.9 756.2 543.0 402.8 403.7 343.5 361.3 384.6 9

 10 Municipal securities 349.1 392.0 496.6 509.5 440.1 386.7 357.3 336.7 308.3 281.7 10

 11 Corporate and foreign bonds 259.5 360.9 376.8 228.0 169.9 154.2 105.1 102.1 102.0 78.3 11

 12 Miscellaneous assets 32.8 39.6 69.0 35.2 26.9 23.5 22.7 28.8 31.6 17.3 12

 13 Total shares outstanding (liabilities) 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 2678.5 2688.1 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.116).

L.122 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9326.1 11544.4 12603.6 1

 2 Security repurchase agreements 115.4 132.8 132.2 124.7 153.3 137.5 108.7 262.8 355.7 402.0 2

 3 Debt securities 1707.3 1882.4 2114.4 2134.4 2540.9 2895.3 3235.8 3875.6 4200.2 4667.6 3

 4 Open market paper 97.1 114.5 114.1 51.6 80.2 66.3 40.0 77.5 105.2 120.6 4

 5 Treasury securities 161.9 162.6 165.5 184.0 258.0 381.8 447.7 569.8 624.7 611.3 5

 6 Agency- and GSE-backed securities 477.1 497.1 576.6 553.3 603.2 678.7 793.6 881.6 857.6 960.4 6

 7 Municipal securities 311.2 343.9 371.6 389.4 478.8 525.5 541.2 627.4 613.9 657.7 7

 8 Corporate and foreign bonds 660.1 764.4 886.5 956.2 1120.7 1243.0 1413.4 1719.4 1998.8 2317.7 8

 9 Loans (other loans and advances) 36.5 46.3 82.4 94.8 75.4 74.6 93.5 105.7 145.1 154.5 9

 10 Corporate equities 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 4427.2 5109.4 6851.8 7392.1 10

 11 Miscellaneous assets 10.7 14.0 16.8 20.0 14.9 2.9 5.7 -27.4 -8.3 -12.6 11

 12 Total shares outstanding (liabilities) 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9326.1 11544.4 12603.6 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.116).

L.123 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Total financial assets 270.3 293.2 316.3 202.9 228.6 243.1 240.5 256.6 283.7 285.1 1

 2 Debt securities 165.4 171.5 171.2 130.6 141.1 146.4 144.7 155.9 169.5 165.7 2

 3 Treasury securities 7.1 7.3 5.6 3.2 4.4 5.1 4.8 5.2 5.7 5.5 3

 4 Municipal securities 89.3 89.3 91.2 77.9 81.2 81.6 82.5 86.0 84.4 84.8 4

 5 Corporate and foreign bonds 69.0 74.8 74.3 49.5 55.6 59.7 57.3 64.8 79.4 75.4 5

 6 Corporate equities 104.9 121.7 145.2 72.3 87.4 96.7 95.9 100.6 114.2 119.3 6

 7 Total shares outstanding (liabilities) 270.3 293.2 316.3 202.9 228.6 243.1 240.5 256.6 283.7 285.1 7

 Exchange-traded funds

 8 Total financial assets 300.8 422.8 607.8 531.1 773.1 986.8 1042.6 1324.4 1670.6 1969.3 8

 9 Debt securities 15.0 20.7 34.1 57.1 103.0 132.7 178.8 231.1 243.3 294.3 9

 10 Treasury securities 9.7 13.1 19.7 27.1 41.8 51.0 62.4 63.6 57.1 70.1 10

 11 Municipal securities 0.0 0.0 0.6 2.3 5.9 7.6 8.6 12.3 11.4 14.6 11

 12 Corporate and foreign bonds 5.3 7.6 13.8 27.7 55.4 74.1 107.7 155.3 174.8 209.6 12

 13 Corporate equities 285.8 402.0 573.7 474.0 670.0 854.1 863.8 1093.3 1427.3 1675.0 13

 14 Total shares outstanding (liabilities) 300.8 422.8 607.8 531.1 773.1 986.8 1042.6 1324.4 1670.6 1969.3 14
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94 Historical Annuals, 2005-2014, September 18, 2015

L.124 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 2822.0 2875.1 3175.7 3409.2 3048.5 6722.4 6480.2 6275.1 6361.3 6399.9 1

 2 Checkable deposits and currency 14.6 16.4 13.7 88.3 99.4 63.4 72.7 52.6 81.6 65.0 2

 3 Time and savings deposits 35.3 33.9 46.6 68.5 25.7 26.1 13.4 4.3 5.4 3.3 3

 4 Federal funds and security repos 110.3 119.6 144.1 115.8 123.3 151.2 112.3 150.8 152.3 162.6 4

 5 Debt securities 1283.3 1278.4 1243.8 1351.4 1296.0 760.9 722.3 585.7 491.1 472.1 5

 6 Open market paper 13.8 32.4 27.7 6.8 9.7 9.9 6.5 3.4 4.4 6.0 6

 7 Treasury securities 13.1 14.2 15.5 16.8 36.6 82.6 100.2 69.0 59.1 64.3 7

 8 Agency- and GSE-backed securities 751.1 714.0 702.9 910.0 924.5 377.0 358.9 310.6 287.9 295.7 8

 9 Municipal securities 39.7 36.1 33.3 31.3 29.1 24.9 21.0 17.0 13.4 10.8 9

 10 Corporate and foreign bonds 465.7 481.7 464.4 386.6 296.0 266.5 235.7 185.7 126.3 95.4 10

 11 Loans 1260.6 1312.1 1585.7 1686.0 1403.6 5572.2 5411.1 5329.2 5465.3 5542.3 11

 12 Other loans and advances 671.8 704.9 942.6 980.7 695.9 551.3 487.0 505.7 587.5 671.8 12

 13 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Farm Credit System 51.6 63.5 75.5 80.3 80.0 87.3 83.8 92.1 95.0 106.1 14

 15 FHLB 620.2 641.4 867.1 900.5 615.9 464.0 403.3 413.6 492.6 565.7 15

 16 Mortgages 588.8 607.2 643.1 705.3 707.7 5021.0 4924.0 4823.5 4877.8 4870.5 16

 17 Home 453.9 457.6 447.9 456.6 433.4 4690.7 4587.7 4475.7 4546.9 4537.9 17

 18 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4141.0 4032.1 3958.0 4087.7 4104.2 18

 19 Other 453.9 457.6 447.9 456.6 433.4 549.7 555.6 517.6 459.1 433.6 19

 20 Multifamily residential 93.0 105.4 147.7 190.2 204.4 256.5 259.2 265.5 243.5 240.8 20

 21 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 75.4 99.9 127.4 146.3 164.1 21

 22 Other 93.0 105.4 147.7 190.2 204.4 181.1 159.4 138.1 97.2 76.7 22

 23 Farm 42.0 44.2 47.6 58.5 69.9 73.8 77.1 82.4 87.4 91.8 23

 24 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Miscellaneous assets 117.8 114.7 141.7 99.1 100.3 148.6 148.5 152.6 165.6 154.7 25

 26 Total liabilities 2734.0 2781.2 3081.3 3390.2 2977.0 6615.1 6377.9 6216.8 6314.9 6386.6 26

 27 Federal funds and security repos 3.3 2.9 2.3 1.3 1.2 1.3 0.4 0.0 0.0 0.1 27

 28 Debt securities (GSE issues) (4) 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 6200.2 6275.5 28

 29 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4216.4 4132.0 4085.4 4234.0 4268.3 29

 30 Other 2592.2 2627.8 2910.2 3181.9 2706.6 2218.1 2115.4 2007.3 1966.2 2007.2 30

 31 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Miscellaneous liabilities 138.5 150.5 168.9 207.0 269.2 179.4 130.2 124.1 114.7 111.0 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 (L.125) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets (L.124).

(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.125 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1644.7 1

 2 Home mortgages 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 1216.8 1321.8 1420.6 1471.7 2

 3 Multifamily residential mortgages 101.3 88.8 88.1 92.8 105.7 66.9 86.4 113.4 147.1 171.4 3

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

 5 Farm mortgages 0.8 3.2 4.5 4.7 4.5 3.8 1.7 1.9 1.8 1.6 5

 6 Total pool securities (liabilities)(2) 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1644.7 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 (L.125) are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (L.124). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

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

(2) Such issues are classified as agency- and GSE-backed securities.
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Historical Annuals, 2005-2014, September 18, 2015 95

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 3390.4 4158.8 4513.5 4101.9 3289.8 2235.9 1989.0 1769.4 1483.1 1382.4 1

 2 Debt securites 336.8 392.8 435.5 395.9 153.4 43.7 29.5 23.7 24.4 22.1 2

 3 Treasury securities 27.7 61.1 85.8 72.2 53.9 40.1 29.2 23.4 24.3 22.0 3

 4 Agency- and GSE-backed securities (1) 309.1 331.7 349.8 323.7 99.6 3.6 0.3 0.3 0.1 0.1 4

 5 Loans 2953.8 3657.8 3966.3 3610.4 3075.1 2140.4 1912.0 1704.6 1422.9 1329.1 5

 6 Other loans and advances 188.3 253.4 341.9 379.8 252.2 167.8 162.4 161.7 150.2 159.3 6

 7 Mortgages (2) 2155.6 2787.2 2971.8 2620.4 2250.4 1922.3 1703.4 1492.9 1223.5 1120.0 7

 8 Home 1649.4 2173.0 2214.3 1902.6 1578.7 1303.0 1109.5 928.3 793.5 703.9 8

 9 Multifamily residential 89.4 102.5 123.9 113.1 107.0 98.4 90.7 81.1 75.2 73.3 9

 10 Commercial 416.8 511.8 633.6 604.7 564.8 520.8 503.2 483.5 354.8 342.8 10

 11 Consumer credit 609.9 617.2 652.5 610.2 572.5 50.3 46.2 50.0 49.1 49.8 11

 12 Trade credit 99.8 108.3 111.7 95.5 61.3 51.8 47.6 41.2 35.7 31.3 12

 13 Total liabilities 3394.6 4162.4 4516.6 4104.6 3292.2 2235.9 1989.0 1769.4 1483.1 1382.4 13

 14 Debt securities 3394.6 4162.4 4516.6 4104.6 3292.2 2235.9 1989.0 1769.4 1483.1 1382.4 14

 15 Commercial paper 674.4 837.4 643.1 559.3 293.1 120.2 96.0 87.0 79.9 64.8 15

 16 Corporate bonds (net) (3) 2720.2 3325.1 3873.5 3545.3 2999.1 2115.7 1893.0 1682.4 1403.1 1317.7 16

 Memo:

 Securitized assets not included above

 17 Consumer leases (4) 4.2 3.6 3.1 2.7 2.3 0.0 0.0 0.0 0.0 0.0 17

 18 REIT assets (5) 107.3 110.0 92.1 45.4 18.6 18.1 14.3 15.6 155.2 166.5 18

 Securitized liabilities not included above

 19 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 112.9 120.6 87.5 59.7 54.5 19

(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.128.

(6) Included in table L.111 line 45.
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96 Historical Annuals, 2005-2014, September 18, 2015

L.127 Finance Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 1856.9 1891.3 1911.2 1851.7 1662.5 1588.5 1569.3 1493.7 1472.8 1501.4 1

 2 Checkable deposits and currency 17.4 15.8 16.2 16.5 17.0 26.5 31.7 27.8 32.1 31.9 2

 3 Time and savings deposits 52.2 47.4 48.6 49.4 51.0 79.6 95.0 83.5 96.2 95.7 3

 4 Debt securities (corporate and foreign bonds) 203.5 184.8 189.4 192.4 198.6 84.1 85.0 78.7 67.9 73.9 4

 5 Loans 1537.1 1627.3 1650.7 1584.2 1359.9 1321.3 1274.6 1246.2 1237.5 1243.6 5

 6 Other loans and advances 479.2 498.0 523.0 539.9 448.9 372.7 375.8 387.0 401.3 411.4 6

 7 Mortgages 541.4 594.3 549.9 482.9 430.3 243.5 211.2 179.5 157.0 148.1 7

 8 Consumer credit 516.5 534.9 577.9 561.4 480.8 705.0 687.6 679.8 679.1 684.1 8

 9 U.S. direct investment abroad 17.7 42.0 177.9 221.0 186.9 206.0 221.8 226.3 227.7 226.8 9

 10 Miscellaneous assets 29.0 -26.1 -171.6 -211.7 -151.0 -129.0 -138.7 -169.0 -188.6 -170.6 10

 11 Total liabilities 1828.3 1876.8 1949.6 1880.5 1630.3 1558.7 1532.7 1445.6 1424.0 1438.1 11

 12 Debt securities 966.5 1014.9 1097.6 1025.3 899.6 1189.2 1159.8 1086.6 1080.7 1099.0 12

 13 Open market paper 160.0 165.3 123.5 100.9 62.1 111.0 121.0 129.1 118.8 117.8 13

 14 Corporate bonds 806.5 849.7 974.1 924.5 837.5 1078.2 1038.8 957.5 961.9 981.3 14

 15 Loans 142.1 129.2 182.0 174.9 144.5 91.5 102.1 118.5 128.6 139.1 15

 16 Depository institution loans n.e.c. 142.1 129.2 182.0 174.9 144.5 91.5 102.1 118.5 128.6 139.1 16

 17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Taxes payable 16.9 17.0 15.5 15.4 12.7 6.0 6.7 6.7 6.8 7.1 18

 19 Foreign direct investment in U.S. 38.8 51.1 68.6 78.1 90.0 114.7 91.1 88.7 73.4 72.7 19

 20 Miscellaneous liabilities 664.0 664.6 585.8 586.7 483.6 157.3 173.0 145.1 134.5 120.1 20

 21 Investment by parent 312.2 338.5 321.4 313.0 280.5 175.7 163.7 162.8 161.8 162.7 21

 22 Other 351.8 326.0 264.4 273.7 203.1 -18.4 9.3 -17.7 -27.2 -42.6 22

 Memo:

 23 Consumer leases not included above (2) 85.3 106.0 122.9 111.1 85.4 111.8 119.7 144.0 167.3 188.9 23

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

(2) See footnote (4), table L.126.
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Historical Annuals, 2005-2014, September 18, 2015 97

L.128 Real Estate Investment Trusts (REITs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 305.8 344.5 318.5 250.6 262.8 302.4 433.4 594.2 644.2 726.4 1

 2 Checkable deposits and currency 13.6 18.4 16.6 18.4 30.9 25.1 27.6 35.3 34.0 38.1 2

 3 Debt securities 93.6 130.0 123.3 101.3 121.2 166.6 275.1 394.1 298.3 309.5 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.2 143.4 248.1 357.6 261.9 269.8 4

 5 Corporate and foreign bonds 53.0 64.6 34.4 11.7 16.0 23.2 27.0 36.5 36.3 39.7 5

 6 Loans (mortgages) 146.7 136.3 123.1 76.3 46.0 44.6 56.1 64.5 199.3 244.6 6

 7 Home 127.9 104.2 80.7 34.3 8.9 9.0 19.8 26.5 23.1 41.1 7

 8 Multifamily residential 1.9 5.0 5.2 4.3 2.3 2.0 1.7 1.9 2.4 8.4 8

 9 Commercial 16.8 27.1 37.3 37.7 34.8 33.7 34.6 36.1 173.9 195.1 9

 10 Miscellaneous assets 51.9 59.7 55.4 54.6 64.8 66.1 74.7 100.4 112.6 134.2 10

 11 Total liabilities 534.2 571.8 580.5 511.6 489.9 523.9 654.4 817.8 907.9 1012.7 11

 12 Security repurchase agreements 83.5 97.9 91.7 79.4 90.5 120.4 218.1 320.6 254.0 261.2 12

 13 Debt securities 216.7 230.6 231.3 171.0 144.4 145.4 152.9 179.6 353.2 407.4 13

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

 15 Corporate bonds 216.7 230.6 231.3 171.0 144.4 145.4 152.9 179.6 353.2 407.4 15

 16 Loans 178.8 180.4 189.9 196.3 195.4 194.5 212.6 221.4 226.2 255.9 16

 17 Depository institution loans n.e.c. 33.3 28.4 33.2 32.8 20.2 18.4 23.0 27.0 24.0 32.1 17

 18 Mortgages 145.5 152.1 156.7 163.5 175.3 176.1 189.5 194.4 202.2 223.8 18

 19 Miscellaneous liabilities 55.3 63.0 67.6 64.9 59.6 63.7 70.8 96.3 74.6 88.2 19

 Memo:

 20 Securitized assets included above 107.3 110.0 92.1 45.4 18.6 18.1 14.3 15.6 155.2 166.5 20

 21 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 21

 22 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.2 6.5 10.2 14.2 15.7 22

 23 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 23

 24 Commercial mortgages 4.7 17.0 19.3 13.2 12.2 10.6 7.5 5.2 140.7 150.6 24

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables L.128.e and L.128.m.
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98 Historical Annuals, 2005-2014, September 18, 2015

L.128.e Equity Real Estate Investment Trusts

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 55.8 61.6 63.2 65.4 95.1 94.3 102.3 116.4 129.7 159.6 1

 2 Checkable deposits and currency 9.3 13.4 11.0 13.1 23.4 19.3 17.0 21.1 22.1 25.9 2

 3 Debt securities (corporate and foreign bonds) 2.5 2.5 2.7 2.9 5.0 5.4 4.8 4.6 2.8 5.0 3

 4 Loans (mortgages) 6.5 7.1 9.3 11.5 15.5 15.9 18.8 20.4 20.3 24.3 4

 5 Home 0.0 0.1 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.2 5

 6 Multifamily residential 0.4 0.5 0.3 0.5 0.3 0.3 0.3 0.4 0.3 0.3 6

 7 Commercial 6.0 6.6 8.9 10.9 15.1 15.5 18.3 19.9 19.8 23.9 7

 8 Miscellaneous assets 37.5 38.7 40.2 37.9 51.1 53.7 61.8 70.3 84.5 104.3 8

 9 Total liabilities 305.4 313.8 342.0 344.3 347.2 346.8 384.1 422.6 459.0 531.1 9

 10 Debt securities (corporate bonds) 90.5 91.4 104.0 102.6 107.3 108.4 121.6 149.2 178.1 211.9 10

 11 Loans 167.8 171.0 182.2 191.5 193.4 192.5 212.0 218.3 223.9 252.9 11

 12 Depository institution loans n.e.c. 22.3 19.0 25.5 28.0 18.2 16.4 22.5 23.9 21.7 29.1 12

 13 Mortgages 145.5 152.1 156.7 163.5 175.3 176.1 189.5 194.4 202.2 223.8 13

 14 Multifamily residential 24.8 25.1 22.7 25.1 27.3 27.8 27.9 26.7 30.0 31.0 14

 15 Commercial 120.7 127.0 134.0 138.4 147.9 148.3 161.7 167.7 172.1 192.8 15

 16 Miscellaneous liabilities 47.2 51.3 55.7 50.2 46.4 45.9 50.5 55.1 57.0 66.4 16

L.128.m Mortgage Real Estate Investment Trusts

Billions of dollars

 1 Total financial assets 250.0 283.0 255.3 185.2 167.7 208.1 331.1 477.8 514.5 566.8 1

 2 Checkable deposits and currency 4.3 5.0 5.6 5.3 7.4 5.8 10.7 14.2 11.9 12.2 2

 3 Debt securities 91.1 127.6 120.6 98.4 116.2 161.2 270.3 389.5 295.5 304.5 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.2 143.4 248.1 357.6 261.9 269.8 4

 5 Corporate and foreign bonds 50.5 62.1 31.7 8.7 11.0 17.8 22.2 31.9 33.6 34.7 5

 6 Loans (mortgages) 140.2 129.3 113.9 64.8 30.5 28.7 37.3 44.1 179.0 220.2 6

 7 Home 127.9 104.1 80.6 34.2 8.8 8.8 19.6 26.3 22.9 40.9 7

 8 Multifamily residential 1.5 4.6 4.9 3.8 2.0 1.6 1.4 1.5 2.0 8.2 8

 9 Commercial 10.8 20.6 28.4 26.8 19.7 18.2 16.3 16.3 154.1 171.2 9

 10 Miscellaneous assets 14.4 21.1 15.2 16.7 13.7 12.5 12.8 30.1 28.1 29.9 10

 11 Total liabilities 228.8 258.1 238.6 167.3 142.7 177.2 270.3 395.2 448.9 481.6 11

 12 Security repurchase agreements 83.5 97.9 91.7 79.4 90.5 120.4 218.1 320.6 254.0 261.2 12

 13 Debt securities 126.2 139.2 127.3 68.4 37.1 37.0 31.3 30.4 175.1 195.5 13

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

 15 Corporate bonds 126.2 139.2 127.3 68.4 37.1 37.0 31.3 30.4 175.1 195.5 15

 16 Loans (depository institution loans n.e.c.) 11.0 9.4 7.6 4.8 2.0 2.0 0.5 3.1 2.3 3.0 16

 17 Miscellaneous liabilities 8.1 11.6 11.9 14.7 13.2 17.8 20.3 41.2 17.6 21.9 17

 Memo:

 18 Securitized assets included above 107.3 110.0 92.1 45.4 18.6 18.1 14.3 15.6 155.2 166.5 18

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

 20 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.2 6.5 10.2 14.2 15.7 20

 21 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 21

 22 Commercial mortgages 4.7 17.0 19.3 13.2 12.2 10.6 7.5 5.2 140.7 150.6 22
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Historical Annuals, 2005-2014, September 18, 2015 99

L.129 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 3568.7 4168.2 4685.9 3505.6 3269.3 3503.6 3532.8 3706.5 3408.4 3254.7 1

 2 Checkable deposits and currency 56.5 80.5 105.0 120.1 90.7 96.9 111.8 128.2 111.7 111.8 2

 3 Security repurchase agreements 1441.7 1426.5 1593.9 1288.4 1185.0 1428.5 1583.1 1638.2 1321.0 1152.7 3

 4 Debt securities 455.2 541.7 750.3 661.5 465.2 510.1 508.9 612.7 426.4 337.3 4

 5 Open market paper 60.2 64.3 87.1 65.7 41.5 36.2 42.1 29.9 28.7 20.8 5

 6 Treasury securities -64.6 -67.1 -85.0 190.6 123.0 94.5 183.6 246.5 136.0 60.2 6

 7 Agency- and GSE-backed securities 101.0 138.1 315.2 242.6 110.9 149.8 147.7 169.6 114.2 121.9 7

 8 Municipal securities 42.9 50.9 50.1 38.7 35.4 40.0 30.9 26.6 18.6 18.9 8

 9 Corporate and foreign bonds 315.7 355.5 382.8 123.8 154.4 189.5 104.5 140.0 128.9 115.5 9

 10 Loans (other loans and advances) 254.4 333.8 378.4 220.8 263.1 325.6 293.2 343.3 389.6 428.2 10

 11 Corporate equities 158.3 186.4 224.8 109.2 124.2 117.2 103.2 126.7 172.4 187.8 11

 12 U.S. direct investment abroad 201.1 244.1 185.3 187.4 231.0 239.3 201.7 212.3 218.9 224.6 12

 13 Miscellaneous assets 1001.5 1355.3 1448.3 918.3 910.1 786.0 730.9 645.1 768.3 812.4 13

 14 Total liabilities 3494.3 4095.6 4613.3 3446.5 3162.7 3404.3 3460.5 3621.3 3333.6 3178.1 14

 15 Security repurchase agreements 2320.4 2707.1 2972.6 2107.2 1810.4 2006.3 2076.7 2207.9 1768.6 1547.7 15

 16 Debt securities (corporate bonds) 62.4 68.8 64.8 97.1 92.9 129.7 91.8 90.2 112.4 123.9 16

 17 Loans 660.8 749.1 969.5 822.7 733.7 763.5 795.4 828.2 897.1 962.5 17

 18 Depository institution loans n.e.c. (1) 37.4 48.5 52.5 85.3 32.0 38.2 69.2 71.1 81.6 93.5 18

 19 Other loans and advances 623.4 700.6 917.0 737.4 701.7 725.2 726.1 757.0 815.5 869.0 19

 20 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 14.3 14.2 14.5 17.9 20

 21 Taxes payable 2.1 2.8 2.2 2.5 5.7 3.6 2.5 3.1 3.7 4.0 21

 22 Foreign direct investment in U.S. 49.9 61.0 62.6 72.1 64.4 88.5 104.6 110.4 128.6 133.2 22

 23 Miscellaneous liabilities 355.6 458.5 495.8 323.8 385.6 394.6 375.1 367.4 408.7 388.8 23

 24 Investment by parent companies 524.1 551.0 567.5 672.1 1119.3 1122.9 1163.3 1629.2 1671.8 1699.9 24

 25 Other -168.5 -92.5 -71.7 -348.3 -733.7 -728.3 -788.1 -1261.8 -1263.1 -1311.1 25

(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).
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100 Historical Annuals, 2005-2014, September 18, 2015

L.130 Holding Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 1673.9 1960.3 2161.1 2481.9 3365.9 3354.8 3423.6 4330.1 4299.6 4390.8 1

 2 Time and savings deposits 1.4 1.6 0.8 0.7 11.2 10.0 12.4 34.4 35.9 27.0 2

 3 Security repurchase agreements 8.5 9.5 6.9 0.3 48.2 50.3 50.5 10.5 7.7 2.5 3

 4 Debt securities 24.1 30.4 52.8 64.7 61.2 79.0 78.2 103.8 76.1 76.0 4

 5 Treasury securities 1.1 2.5 7.1 3.1 5.8 19.6 26.8 8.2 16.6 13.9 5

 6 Agency- and GSE-backed securities 11.2 11.2 9.9 25.8 24.3 21.1 33.1 22.9 28.0 28.0 6

 7 Corporate and foreign bonds 11.8 16.7 35.9 35.8 31.1 38.3 18.3 72.7 31.5 34.1 7

 8 Loans (other loans and advances) 8.1 5.6 6.3 8.2 14.6 18.9 22.9 105.3 75.7 64.8 8

 9 Life insurance reserves 0.0 15.2 20.5 19.3 21.4 25.1 27.6 34.9 39.9 45.0 9

 10 Miscellaneous assets 1631.8 1898.1 2073.7 2388.6 3209.3 3171.5 3232.1 4041.2 4064.3 4175.5 10

 11 Net trans. with depository subs. 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 1937.2 2133.2 11

 12 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.2 5.2 5.3 12

 13 Net trans. with life insurance company subs. 35.6 38.3 43.7 31.2 40.5 62.7 72.0 17.2 10.7 11.5 13

 14 Net trans. with finance company subs. 195.2 198.5 239.9 232.6 209.3 115.0 94.6 91.1 75.4 62.2 14

 15 Net trans. with broker and dealer subs. 110.2 114.5 57.0 155.2 596.1 626.6 613.5 1060.5 1087.6 1092.4 15

 16 Net trans. with foreign subs. 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 97.9 83.3 16

 17 Other 274.0 335.5 365.7 497.6 638.9 598.9 576.7 857.2 850.3 787.6 17

 18 Total liabilities 708.0 865.2 1048.5 1233.3 1805.1 1762.7 1706.4 2238.7 2142.1 2102.6 18

 19 Security repurchase agreements 9.1 10.3 7.7 0.7 0.6 0.8 1.2 0.0 0.0 0.0 19

 20 Debt securities 429.5 503.3 632.7 716.6 1089.5 1046.9 966.5 1219.6 1192.1 1200.1 20

 21 Commercial paper 57.1 81.7 116.7 77.7 60.8 64.7 75.9 116.4 96.6 77.0 21

 22 Corporate bonds 372.4 421.5 516.0 638.9 1028.7 982.2 890.6 1103.2 1095.6 1123.2 22

 23 Loans (depository institution loans n.e.c.) 52.3 55.4 77.9 91.3 164.2 190.3 254.3 196.8 210.6 194.2 23

 24 Miscellaneous liabilities 217.1 296.3 330.2 424.6 550.9 524.6 484.4 822.3 739.4 708.2 24

(1) Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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Historical Annuals, 2005-2014, September 18, 2015 101

L.131 Funding Corporations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 1409.9 1459.3 1742.5 2285.6 1774.8 1611.2 1456.6 1344.3 1285.1 1309.4 1

 2 Money market fund shares 366.8 334.4 652.3 905.8 752.1 604.1 520.7 458.3 396.8 417.4 2

 3 Security repurchase agreements 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 3

 4 Debt securities 429.8 476.9 318.0 550.3 248.2 291.2 228.7 178.2 170.0 169.1 4

 5 Open market paper 362.3 416.6 194.0 349.7 72.9 127.8 122.9 108.7 91.6 86.0 5

 6 Corporate and foreign bonds 67.5 60.4 124.0 200.6 175.3 163.4 105.8 69.6 78.4 83.1 6

 7 Loans (other loans and advances) 10.6 14.1 20.8 35.9 22.9 21.4 19.4 12.9 10.6 12.1 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 602.8 633.9 751.5 793.5 726.3 667.9 687.6 694.8 707.8 710.8 9

 10 Investment in foreign banking offices 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 123.5 103.2 10

 11 Investment in brokers and dealers 414.0 436.5 510.5 516.9 523.2 496.4 549.7 568.8 584.3 607.5 11

 12 Total liabilities 1409.9 1459.3 1742.5 2285.6 1774.8 1611.2 1456.6 1344.3 1285.1 1309.4 12

 13 Debt securities 619.9 645.3 786.4 807.9 719.5 621.7 620.5 590.5 618.2 644.7 13

 14 Open market paper 274.5 278.3 367.9 388.0 261.7 167.1 94.3 29.0 45.2 49.6 14

 15 Corporate bonds 345.3 367.0 418.5 419.9 457.8 454.6 526.2 561.5 572.9 595.1 15

 16 Loans 0.0 0.0 0.0 444.9 97.3 82.5 31.3 3.0 2.4 2.4 16

 17 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 444.9 95.3 73.4 21.5 0.0 0.0 0.0 17

 18 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 9.2 9.8 3.0 2.4 2.4 18

 19 Foreign direct investment in U.S. 8.4 9.0 9.6 10.2 10.8 11.4 12.0 12.6 13.2 13.8 19

 20 Miscellaneous liabilities 781.6 805.0 946.5 1022.5 947.2 895.5 792.7 738.2 651.4 648.5 20

 21 Securities loaned (net) 939.7 1242.3 1240.2 887.0 856.8 733.4 658.7 579.5 673.5 720.6 21

 22 Equity interest under PPIP 0.0 0.0 0.0 0.0 1.8 7.7 8.8 8.7 8.7 8.7 22

 23 Other (net) -158.1 -437.4 -293.7 135.5 88.5 154.5 125.2 149.9 -30.9 -80.8 23

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
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102 Historical Annuals, 2005-2014, September 18, 2015

L.132 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total financial assets 10678.1 12803.2 14571.9 13699.4 14362.3 16054.1 17513.0 18962.6 21136.5 22992.3 1

 2 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 2

 3 Net interbank assets 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 414.2 444.9 3

 4 U.S. checkable deposits and currency 300.1 311.6 306.1 370.1 361.0 390.5 472.3 540.4 591.3 671.0 4

 5 U.S. time deposits 223.2 257.2 298.9 372.4 299.2 308.2 355.6 393.4 445.1 491.8 5

 6 Money market fund shares 23.0 27.0 46.0 69.7 76.9 69.8 74.4 96.9 108.2 113.4 6

 7 Security repurchase agreements 705.0 1025.8 1098.4 563.2 489.4 581.8 678.5 671.6 706.9 812.3 7

 8 Debt securities 4980.2 5985.4 6999.6 7255.5 7479.9 8251.6 8748.7 9364.8 9588.1 10146.9 8

 9 Open market paper 156.8 213.3 226.3 165.5 117.2 102.1 102.7 102.8 101.3 107.9 9

 10 Treasury securities 1984.4 2126.2 2376.4 3253.0 3670.6 4458.8 5004.4 5571.5 5793.8 6156.2 10

 11 Treasury bills 264.7 253.3 302.7 758.0 750.4 710.3 647.7 661.7 685.0 671.6 11

 12 Other Treasury securities 1719.7 1872.8 2073.7 2495.0 2920.2 3748.5 4356.7 4909.8 5108.9 5484.5 12

 13 Agency- and GSE-backed securities 1006.1 1258.2 1576.8 1402.2 1150.0 1095.8 1078.2 1001.2 883.8 902.6 13

 14 Municipal securities 29.0 34.4 45.1 51.0 58.7 71.7 72.4 71.8 76.1 80.4 14

 15 U.S. corporate bonds (1) 1803.8 2353.3 2775.0 2383.9 2483.5 2523.1 2491.0 2617.6 2733.1 2899.7 15

 16 Loans to U.S. corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 143.9 139.7 189.8 16

 17 U.S. corporate equities 2118.4 2560.2 2956.2 1925.2 2658.4 3216.0 3397.2 3953.0 5204.4 5929.2 17

 18 Mutual fund shares 162.7 204.7 229.5 137.6 182.4 260.0 370.4 495.4 552.0 622.6 18

 19 Trade receivables 53.3 59.2 80.0 86.5 93.1 111.8 128.8 140.5 148.8 162.9 19

 20 Foreign direct investment in U.S. (2) 1906.0 2154.1 2345.9 2397.4 2398.2 2623.6 2798.7 3006.3 3183.2 3356.5 20

 21 Total liabilities 5709.7 6727.9 8159.3 7875.5 8149.5 8862.5 9431.5 9954.6 10311.3 10584.8 21

 22 U.S. official reserve assets (3) 53.9 54.6 59.2 66.3 119.4 121.1 136.7 138.9 133.4 118.9 22

 23 U.S. private deposits 1165.5 1346.1 1636.2 1302.9 1258.4 1303.9 1066.4 919.4 944.8 821.1 23

 24 Security repurchase agreements 381.0 566.9 681.1 402.3 454.8 663.7 764.7 804.9 720.9 747.3 24

 25 Debt securities 1208.8 1506.6 1838.7 1433.2 1849.1 2076.3 2258.7 2566.1 2649.9 2785.8 25

 26 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 407.0 384.3 26

 27 Bonds 824.8 1024.3 1425.7 1091.2 1447.8 1677.6 1913.6 2193.1 2242.9 2401.5 27

 28 Loans 141.8 151.3 157.9 171.2 156.9 181.6 226.2 267.9 308.3 339.8 28

 29 Depository institution loans n.e.c. 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 276.7 305.3 29

 30 Other loans and advances 31.4 23.9 20.7 18.9 19.3 19.6 21.0 30.2 31.6 34.5 30

 31 Trade payables 33.6 37.4 48.4 44.4 45.1 51.1 55.1 55.7 53.4 46.2 31

 32 U.S. direct investment abroad (1,2) 2651.7 2948.2 3553.1 3748.5 4077.4 4273.6 4599.5 5017.5 5339.8 5576.0 32

 33 Miscellaneous liabilities 73.6 116.9 184.7 706.7 188.5 191.2 324.1 184.1 160.8 149.8 33

 34 U.S. equity in IBRD, etc. 43.8 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 62.4 34

 35 Nonofficial foreign currencies 2.6 2.6 26.6 556.4 12.9 2.7 102.5 11.5 2.9 4.2 35

 36 Investment by holding companies 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 97.9 83.3 36

 Memo:

 37 Market value of foreign equities 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5321.9 6472.9 6719.7 37

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
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Historical Annuals, 2005-2014, September 18, 2015 103

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 60.9 62.0 66.9 73.8 174.8 175.5 190.9 193.2 187.7 170.0 1

 2 Federal government: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 2

 3 Rest of the world 53.9 54.6 59.2 66.3 119.4 121.1 136.7 138.9 133.4 118.9 3

 4 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 51.9 4

 5 Reserve position in IMF 8.0 5.0 4.2 7.7 11.4 12.5 30.1 34.2 30.8 25.2 5

 6 Other reserves 37.6 40.7 45.5 49.3 50.2 51.8 51.6 49.7 47.4 41.8 6

 7 Total assets 71.9 73.0 78.0 84.9 185.8 186.6 201.9 204.3 198.8 181.1 7

 8 Federal government 35.1 34.2 36.4 40.6 94.3 95.1 110.9 114.2 109.8 98.0 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 9

 10 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 51.9 10

 11 Reserve position in IMF 8.1 5.2 4.4 7.8 11.5 12.6 30.3 34.4 31.0 25.3 11

 12 Other reserves 18.7 20.2 22.5 23.4 25.0 25.7 25.6 24.7 23.6 20.7 12

 13 Rest of the world: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 51.2 13

 14 Monetary authority 29.9 31.4 33.8 36.8 36.2 37.0 36.8 35.8 34.6 32.0 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 15

 16 Reserve position in IMF -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.3 -0.2 -0.2 -0.1 16

 17 Other reserves 18.9 20.5 22.9 25.9 25.3 26.1 26.0 25.0 23.8 21.1 17

 18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 25.3 3

 4 Asset: Monetary authority 36.5 38.2 38.7 38.7 42.7 43.5 44.2 44.8 45.5 46.3 4

 5 Discrepancy (seigniorage) -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 -18.3 -18.8 -19.9 -21.0 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 1165.5 1346.1 1636.2 1302.9 1258.4 1303.9 1066.4 919.4 944.8 821.1 1

 Held by:

 2 Household sector 63.8 69.9 87.7 69.9 62.7 67.3 57.4 49.5 51.7 45.3 2

 3 Nonfinancial corporate business 63.6 49.3 50.3 24.7 31.5 40.6 34.8 35.4 78.1 71.4 3

 4 Money market mutual funds 75.8 65.8 100.2 85.6 97.1 105.9 42.9 43.3 33.7 24.1 4

 5 Discrepancy--unallocated assets 962.3 1161.1 1398.1 1122.8 1067.0 1090.1 931.3 791.3 781.3 680.2 5
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104 Historical Annuals, 2005-2014, September 18, 2015

L.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 46.0 50.7 0.6 1752.4 1215.5 1068.5 1889.0 1683.8 2812.9 2865.3 1

 2 Monetary authority 69.1 70.4 75.8 917.7 1031.9 1020.8 1623.1 1562.1 2322.7 2453.7 2

 3 U.S.-chartered depository institutions 251.8 345.5 445.8 1130.1 633.7 428.3 164.9 36.7 227.8 282.0 3

 4 Foreign banking offices in U.S. -212.5 -301.5 -458.6 -225.6 -377.8 -347.1 157.5 155.6 330.6 197.8 4

 5 Banks in U.S.-affiliated areas -3.0 -2.9 -2.6 -3.2 -4.2 -3.3 -4.6 -4.9 -4.7 -5.3 5

 6 Credit unions -59.3 -60.8 -59.8 -66.6 -68.1 -30.0 -51.9 -65.7 -63.5 -62.8 6

 7 Total assets 106.8 112.1 56.8 1763.8 1212.4 1043.8 1860.7 1663.8 2736.0 2898.1 7

 8 Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 -0.4 -0.9 -0.4 8

 9 U.S.-chartered depository institutions 67.5 69.2 74.3 674.8 716.3 628.5 859.5 869.6 1326.5 1519.2 9

 10 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 711.0 638.8 948.1 888.8 10

 11 Credit unions 0.7 0.6 0.5 4.0 31.5 41.5 52.6 53.8 48.1 45.7 11

 12 Rest of the world 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 414.2 444.9 12

 13 Discrepancy -60.7 -61.4 -56.3 -11.4 3.0 24.8 28.3 20.1 76.9 -32.8 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 73.6 75.7 14

 15 Asset: U.S.-chartered depository institutions 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 73.6 75.6 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 1491.0 2249.1 2378.0 17

 18 Asset: U.S.-chartered depository institutions 17.4 17.5 19.3 617.0 661.4 575.8 798.7 798.5 1252.9 1443.6 18

 19 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 711.0 638.8 948.0 888.8 19

 20 Credit unions 0.7 0.6 0.5 4.0 31.5 41.5 52.6 53.8 48.1 45.7 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 -0.4 -0.9 -0.4 21

 22 Asset: Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 -0.4 -0.9 -0.4 22

 23 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 -0.5 -1.0 -0.6 23

 24 Loans to member banks 0.1 0.1 48.6 559.7 96.6 0.2 0.2 0.1 0.1 0.1 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 298.6 397.5 447.3 552.1 498.6 420.1 110.9 23.0 176.5 278.5 25

 26 Due to foreign affiliates 512.6 611.1 684.9 853.5 803.3 824.8 602.6 403.6 507.3 523.0 26

 27 - Due from foreign affiliates 214.1 213.6 237.6 301.4 304.7 404.6 491.7 380.6 330.8 244.5 27

 28 Foreign banking offices in U.S. (net) -250.6 -358.0 -500.2 -263.6 -413.2 -376.1 135.9 84.3 242.2 175.0 28

 29 Due to foreign affiliates 587.6 685.6 764.6 812.9 787.3 841.2 1137.9 1047.9 1191.2 1067.5 29

 30 - Due from foreign affiliates 838.3 1043.6 1264.8 1076.5 1200.5 1217.3 1002.0 963.6 949.0 892.5 30

 31 Less: Deposits at foreign banks 33.4 22.9 35.7 31.3 21.7 35.3 22.9 20.3 20.0 21.4 31

 32 U.S.-chartered depository institutions 14.8 13.6 21.5 26.7 11.3 18.2 14.3 11.0 11.5 12.2 32

 33 Foreign banking offices in U.S. 18.6 9.3 14.1 4.7 10.4 17.0 8.6 9.3 8.5 9.2 33

 34 Plus: Loans from foreign banks 22.1 25.5 21.0 30.7 22.3 15.5 14.2 15.1 15.5 12.8 34

 35 U.S.-chartered depository institutions 5.1 7.5 7.7 11.7 9.7 6.3 6.7 6.4 6.4 4.1 35

 36 Foreign banking offices in U.S. 17.0 18.0 13.3 19.0 12.6 9.2 7.5 8.6 9.1 8.6 36

 37 Asset: Rest of the world (1) 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 414.2 444.9 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) -38.1 -45.5 -36.3 34.7 42.2 21.3 62.1 18.7 57.2 12.0 38

 39 Due to (3): 57.6 56.9 57.9 111.1 109.3 91.2 112.9 122.0 174.1 62.9 39

 40 Foreign banking offices in U.S. 55.9 54.6 51.8 52.7 33.9 33.1 28.2 31.3 29.0 27.6 40

 41 Banks in U.S.-affiliated areas 3.0 2.9 2.6 3.2 4.2 3.3 4.6 4.9 4.7 5.3 41

 42 Credit unions 59.3 60.8 59.8 66.6 68.1 30.0 51.9 65.7 63.5 62.8 42

 43 - Due from: Foreign banking offices in U.S. 95.6 102.4 94.2 76.3 67.0 69.9 50.8 103.3 116.9 50.9 43

 44 Unallocated (2) -60.7 -61.4 -56.3 -11.4 3.0 24.8 28.3 20.1 76.9 -32.8 44

(1) Sum of lines 25 and 28 less line 31 plus line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 44), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, 42, and 44.
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Historical Annuals, 2005-2014, September 18, 2015 105

L.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2853.8 3186.5 3537.5 1

 2 Monetary authority 750.8 774.3 792.1 1220.3 1102.7 1287.8 1165.7 1224.6 1364.1 1516.4 2

 3 Federal government cash and deposits 4.8 5.0 16.4 365.7 191.9 340.9 85.9 92.9 162.6 223.7 3

 4 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 64.6 27.2 25.9 20.2 4

 5 Deposits due to foreign 0.1 0.1 0.1 1.4 2.4 3.4 0.2 6.5 8.0 5.3 5

 6 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 1015.0 1098.1 1167.6 1267.3 6

 7 U.S.-chartered depository institutions 672.7 637.1 639.6 777.5 871.6 941.1 1260.5 1431.7 1579.8 1716.1 7

 8 Federal government deposits 33.9 28.0 42.9 3.5 3.8 3.6 1.0 1.3 1.6 2.5 8

 9 Deposits due to foreign 17.4 26.8 31.7 62.9 34.3 30.4 56.1 51.8 51.2 53.4 9

 10 Private domestic deposits 621.5 582.3 564.9 711.1 833.5 907.0 1203.5 1378.5 1527.1 1660.2 10

 11 Foreign banking offices in U.S. 9.3 9.3 11.8 13.5 16.1 21.9 45.6 61.8 92.6 137.8 11

 12 Deposits due to foreign 2.3 2.1 2.3 4.7 10.5 14.6 19.0 27.9 40.2 54.2 12

 13 Private domestic deposits 7.0 7.2 9.5 8.8 5.6 7.3 26.6 33.9 52.4 83.6 13

 14 Banks in U.S.-affiliated areas 13.3 14.0 15.7 14.6 16.1 16.6 19.4 21.9 28.2 33.4 14

 15 Credit unions 81.1 72.6 73.7 75.3 86.9 92.4 103.1 113.9 121.7 133.9 15

 16 Total assets 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2853.8 3186.5 3537.5 16

 17 Household sector 285.9 239.7 153.3 295.2 396.1 423.7 724.1 887.4 1008.1 1115.7 17

 18 Nonfinancial business 642.1 599.6 658.8 603.6 689.3 766.1 821.6 835.3 924.3 1030.3 18

 19 Corporate 268.0 150.7 143.1 84.2 154.9 234.5 265.3 219.8 305.3 376.3 19

 20 Noncorporate 374.2 448.8 515.7 519.5 534.4 531.6 556.3 615.5 619.0 653.9 20

 21 Federal government 37.0 33.2 56.5 369.4 193.9 342.3 84.6 92.2 163.0 226.8 21

 22 State and local governments 66.1 71.6 71.3 79.5 99.1 104.8 121.4 117.6 124.9 140.5 22

 23 Domestic financial sectors 186.9 244.5 276.8 378.5 348.0 326.9 364.1 374.0 369.9 350.4 23

 24 Property-casualty insurance companies 21.0 29.9 42.7 27.9 27.6 32.6 24.1 36.4 29.7 35.6 24

 25 Life insurance companies 47.7 56.1 58.3 82.8 50.7 51.7 53.7 56.4 47.2 50.8 25

 26 Private pension funds 10.7 17.4 18.7 13.1 10.3 12.5 18.1 16.4 15.9 16.4 26

 27 State and local govt. retirement funds 6.2 3.4 3.8 3.9 3.5 4.0 4.4 4.4 4.5 5.2 27

 28 Money market mutual funds -0.9 6.6 1.9 7.5 17.9 14.2 20.1 16.5 13.3 -4.3 28

 29 Government-sponsored enterprises 14.6 16.4 13.7 88.3 99.4 63.4 72.7 52.6 81.6 65.0 29

 30 Finance companies 17.4 15.8 16.2 16.5 17.0 26.5 31.7 27.8 32.1 31.9 30

 31 REITs 13.6 18.4 16.6 18.4 30.9 25.1 27.6 35.3 34.0 38.1 31

 32 Brokers and dealers 56.5 80.5 105.0 120.1 90.7 96.9 111.8 128.2 111.7 111.8 32

 33 Rest of the world 300.1 311.6 306.1 370.1 361.0 390.5 472.3 540.4 591.3 671.0 33

 34 Checkable deposits 19.7 28.9 34.2 69.0 47.2 48.4 75.2 86.2 99.4 112.8 34

 35 Currency 280.4 282.6 272.0 301.1 313.8 342.1 397.1 454.2 491.9 558.2 35

 36 Mail float 9.0 7.2 10.0 5.1 6.0 5.4 6.3 7.0 4.9 2.8 36
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106 Historical Annuals, 2005-2014, September 18, 2015

L.205 Time and Savings Deposits 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 6490.6 7126.7 7746.4 8088.8 8432.5 8548.1 8952.2 9463.7 9872.9 10448.7 1

 2 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 7803.9 8110.8 8475.8 2

 3 U.S.-chartered depository institutions 4111.6 4418.3 4664.0 5144.6 5617.0 5888.6 6425.7 6979.2 7236.0 7579.8 3

 4 Foreign banking offices in U.S. 10.0 18.6 25.5 25.6 29.9 35.7 48.9 62.7 90.4 84.5 4

 5 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 21.4 23.4 5

 6 Credit unions 452.5 483.0 508.7 551.7 655.2 681.3 708.7 743.1 763.1 788.1 6

 7 Large time deposits (1) 1892.4 2181.6 2521.9 2339.5 2105.9 1923.2 1750.0 1659.9 1762.0 1972.9 7

 8 U.S.-chartered depository institutions 1225.0 1364.4 1429.6 1365.6 1029.9 896.1 882.9 803.0 826.9 929.3 8

 9 Foreign banking offices in U.S. 580.9 727.0 996.2 876.2 1024.2 977.7 814.6 798.4 869.5 971.8 9

 10 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 21.4 23.4 10

 11 Credit unions 62.5 65.0 69.9 70.4 27.3 30.1 33.5 39.7 44.3 48.4 11

 12 Total assets 6490.6 7126.7 7746.4 8088.8 8432.5 8548.1 8952.2 9463.7 9872.9 10448.7 12

 13 Household sector 4965.0 5484.1 5973.6 6234.6 6326.0 6450.8 6820.1 7187.1 7393.2 7864.2 13

 14 Nonfinancial business 774.5 841.4 800.7 670.0 842.1 905.0 924.2 967.5 1019.3 1056.0 14

 15 Corporate 450.4 497.0 441.3 311.9 488.8 548.7 561.9 595.2 636.2 646.8 15

 16 Noncorporate 324.1 344.4 359.3 358.1 353.3 356.2 362.2 372.3 383.1 409.2 16

 17 Federal government 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 1.5 1.7 17

 18 State and local governments 169.1 186.6 219.6 236.9 247.6 242.1 258.2 294.1 312.0 319.5 18

 19 Domestic financial sectors 357.3 355.7 450.8 573.4 715.7 640.1 592.4 619.7 701.6 715.4 19

 20 Private pension funds 61.5 29.9 33.6 29.1 32.1 31.4 33.0 29.1 34.0 34.0 20

 21 State and local govt. retirement funds 15.5 23.7 27.1 28.9 29.1 34.1 36.0 32.9 35.4 39.9 21

 22 Money market mutual funds 191.3 219.3 294.0 396.8 566.6 458.9 402.7 435.4 494.8 515.5 22

 23 Government-sponsored enterprises 35.3 33.9 46.6 68.5 25.7 26.1 13.4 4.3 5.4 3.3 23

 24 Finance companies 52.2 47.4 48.6 49.4 51.0 79.6 95.0 83.5 96.2 95.7 24

 25 Holding companies 1.4 1.6 0.8 0.7 11.2 10.0 12.4 34.4 35.9 27.0 25

 26 Rest of the world 223.2 257.2 298.9 372.4 299.2 308.2 355.6 393.4 445.1 491.8 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Total assets 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 2678.5 2688.1 1

 2 Household sector 943.4 1107.9 1347.6 1581.9 1314.2 1131.0 1109.9 1110.2 1135.7 1102.1 2

 3 Nonfinancial corporate business 352.2 421.3 548.5 727.0 655.5 497.8 462.4 519.4 559.1 565.2 3

 4 Nonfinancial noncorporate business 69.0 72.2 74.3 75.4 73.7 76.8 77.7 80.7 83.0 87.1 4

 5 State and local governments 89.8 105.4 123.4 125.7 136.6 151.1 153.2 159.7 163.3 170.0 5

 6 Property-casualty insurance companies 12.8 13.5 20.7 32.8 29.6 25.6 20.0 22.3 20.1 18.3 6

 7 Life insurance companies 13.5 23.3 21.6 39.2 33.7 21.0 28.8 27.5 21.6 27.7 7

 8 Private pension funds 86.7 144.2 151.1 156.2 146.6 136.4 152.9 135.7 148.4 138.8 8

 9 State and local govt. retirement funds 36.0 47.1 47.6 43.7 39.7 41.8 42.6 38.9 42.3 48.1 9

 10 Funding corporations 366.8 334.4 652.3 905.8 752.1 604.1 520.7 458.3 396.8 417.4 10

 11 Rest of the world 23.0 27.0 46.0 69.7 76.9 69.8 74.4 96.9 108.2 113.4 11
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Historical Annuals, 2005-2014, September 18, 2015 107

L.207 Federal Funds and Security Repurchase Agreements (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 3760.5 4432.7 4848.3 3554.0 3175.6 3597.9 3883.2 4132.0 3663.9 3696.6 1

 2 Monetary authority 30.5 29.6 44.0 88.4 77.7 59.7 99.9 107.2 315.9 509.8 2

 3 U.S.-chartered depository institutions 654.0 680.9 736.9 727.2 532.1 484.0 402.5 349.9 269.4 236.2 3

 4 Federal funds (2) ND ND ND ND ND ND ND 69.4 58.3 38.7 4

 5 Security repurchase agreements ND ND ND ND ND ND ND 280.5 211.0 197.5 5

 6 Foreign banking offices in U.S. 252.5 309.8 288.4 131.7 195.2 250.0 304.4 325.0 312.7 371.3 6

 7 Federal funds (2) 71.2 86.3 70.7 32.6 109.7 34.0 24.1 21.5 18.8 27.2 7

 8 Security repurchase agreements 181.3 223.5 217.6 99.1 85.5 216.0 280.3 303.6 293.9 344.1 8

 9 Credit unions 4.0 4.9 2.9 0.7 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Property-casualty insurance companies 1.3 1.2 0.5 2.4 0.6 1.5 3.1 2.1 1.5 1.0 10

 11 Life insurance companies 20.9 21.2 20.2 12.9 12.4 10.3 12.1 14.4 20.9 21.9 11

 12 Government-sponsored enterprises 3.3 2.9 2.3 1.3 1.2 1.3 0.4 0.0 0.0 0.1 12

 13 REITs 83.5 97.9 91.7 79.4 90.5 120.4 218.1 320.6 254.0 261.2 13

 14 Brokers and dealers 2320.4 2707.1 2972.6 2107.2 1810.4 2006.3 2076.7 2207.9 1768.6 1547.7 14

 15 Holding companies 9.1 10.3 7.7 0.7 0.6 0.8 1.2 0.0 0.0 0.0 15

 16 Rest of the world 381.0 566.9 681.1 402.3 454.8 663.7 764.7 804.9 720.9 747.3 16

 17 Total assets 3434.2 3923.1 4559.7 3513.2 2969.4 3343.2 3550.2 3920.9 3578.9 3740.7 17

 18 Nonfinancial corporate business 14.6 15.5 8.1 7.2 7.9 12.1 12.6 9.7 8.8 13.5 18

 19 State and local governments 129.9 135.9 142.2 129.8 126.5 125.7 120.9 126.5 129.9 135.7 19

 20 Monetary authority 46.8 40.8 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 U.S.-chartered depository institutions 306.3 377.4 520.2 575.1 266.9 267.6 242.6 302.7 215.4 185.0 21

 22 Federal funds (2) ND ND ND ND ND ND ND 58.1 47.0 30.6 22

 23 Security repurchase agreements ND ND ND ND ND ND ND 244.6 168.4 154.4 23

 24 Foreign banking offices in U.S. 169.2 228.4 245.6 68.1 68.2 88.4 120.1 178.3 177.1 218.1 24

 25 Federal funds (2) 34.1 23.1 20.9 6.4 4.1 2.3 3.7 3.0 1.3 1.3 25

 26 Security repurchase agreements 135.1 205.3 224.7 61.6 64.1 86.2 116.4 175.3 175.8 216.9 26

 27 Credit unions 6.7 5.1 2.5 0.1 0.1 0.0 15.9 9.7 0.1 0.0 27

 28 Federal funds ND ND ND ND ND 0.0 15.9 9.6 0.0 0.0 28

 29 Security repurchase agreements ND ND ND ND ND 0.0 0.0 0.1 0.1 0.0 29

 30 Property-casualty insurance companies 2.7 1.9 3.6 4.4 4.5 3.8 2.4 1.7 1.7 1.6 30

 31 Life insurance companies 2.6 2.6 2.7 8.0 10.2 10.9 6.1 8.2 2.9 3.4 31

 32 Private pension funds 22.1 3.5 3.7 2.8 2.9 2.7 2.7 2.4 2.8 2.8 32

 33 State and local govt. retirement funds 7.0 3.0 3.2 3.1 2.9 3.2 3.3 3.1 3.3 3.7 33

 34 Money market mutual funds 345.6 394.8 605.9 542.4 480.0 479.4 490.5 544.7 493.4 644.6 34

 35 Mutual funds 115.4 132.8 132.2 124.7 153.3 137.5 108.7 262.8 355.7 402.0 35

 36 Government-sponsored enterprises 110.3 119.6 144.1 115.8 123.3 151.2 112.3 150.8 152.3 162.6 36

 37 Of which: FHLB federal funds (3) 80.6 77.1 85.8 40.3 54.6 75.9 41.1 44.0 29.5 52.8 37

 38 Brokers and dealers 1441.7 1426.5 1593.9 1288.4 1185.0 1428.5 1583.1 1638.2 1321.0 1152.7 38

 39 Holding companies 8.5 9.5 6.9 0.3 48.2 50.3 50.5 10.5 7.7 2.5 39

 40 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 40

 41 Rest of the world 705.0 1025.8 1098.4 563.2 489.4 581.8 678.5 671.6 706.9 812.3 41

 42 Discrepancy 326.3 509.6 288.5 40.8 206.1 254.7 333.0 211.1 85.0 -44.1 42

 Memo:

 Federal Reserve’s reverse repurchase agreement operations: (4)

 43 Liability: Monetary authority (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 197.8 396.7 43

 44 Asset: Money market mutual funds (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 163.3 371.2 44

 45 Other financial institutions (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34.5 25.5 45

(1) Detailed data on federal funds and security repurchase agreements are only available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S.,

 2010:Q4 for credit unions, and 2000:Q1 for FHLB.

(2) Excludes term federal funds.

(3) Includes term federal funds.

(4) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).

(5) Included in line 2.

(6) Included in line 32.

(7) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
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108 Historical Annuals, 2005-2014, September 18, 2015

L.208 Debt Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 By instrument

 1 Total debt securities 24537.9 26612.3 29216.0 30691.2 32157.7 33269.2 34332.5 35968.9 37201.1 38508.5 1

 2 Open market paper 1644.2 1958.4 1788.9 1599.8 1138.0 1057.6 969.3 952.4 951.6 930.4 2

 3 Treasury securities 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 3

 4 Agency- and GSE-backed securities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 7554.6 7794.1 7944.6 4

 5 Municipal securities 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 3671.2 3652.4 5

 6 Corporate and foreign bonds 8149.0 9191.8 10553.5 10054.0 10381.3 10336.9 10424.5 10924.5 11103.5 11564.4 6

 By sector

 7 Total liabilities 24537.9 26612.3 29216.0 30691.2 32157.7 33269.2 34332.5 35968.9 37201.1 38508.5 7

 8 Domestic nonfinancial sectors 11364.5 11850.7 12487.8 14006.8 15810.4 17760.1 19041.0 20553.7 21661.3 22681.4 8

 9 Household sector (nonprofits) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 227.8 223.1 9

 10 Nonfinancial corporate business 2987.8 3138.2 3337.7 3527.8 3707.5 3944.7 4148.3 4500.6 4803.4 5106.4 10

 11 Federal government 5584.8 5803.9 6074.3 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 14441.1 11

 12 State and local governments 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2910.9 12

 13 Domestic financial sectors 11964.7 13255.0 14889.6 15251.2 14498.2 13432.9 13032.8 12849.1 12890.0 13041.3 13

 14 U.S.-chartered depository institutions 133.7 160.3 185.0 185.3 177.0 490.1 500.1 383.4 280.7 263.5 14

 15 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 6200.2 6275.5 16

 17 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1644.7 17

 18 ABS issuers 3394.6 4162.4 4516.6 4104.6 3292.2 2235.9 1989.0 1769.4 1483.1 1382.4 18

 19 Finance companies 966.5 1014.9 1097.6 1025.3 899.6 1189.2 1159.8 1086.6 1080.7 1099.0 19

 20 REITs 216.7 230.6 231.3 171.0 144.4 145.4 152.9 179.6 353.2 407.4 20

 21 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 129.7 91.8 90.2 112.4 123.9 21

 22 Holding companies 429.5 503.3 632.7 716.6 1089.5 1046.9 966.5 1219.6 1192.1 1200.1 22

 23 Funding corporations 619.9 645.3 786.4 807.9 719.5 621.7 620.5 590.5 618.2 644.7 23

 24 Rest of the world 1208.8 1506.6 1838.7 1433.2 1849.1 2076.3 2258.7 2566.1 2649.9 2785.8 24

 25 Total assets: 24537.9 26612.3 29216.0 30691.2 32157.7 33269.2 34332.5 35968.9 37201.1 38508.5 25

 26 Domestic nonfinancial sectors 4811.4 4878.0 5488.2 5861.2 6360.5 6487.9 5785.9 5620.2 5169.3 4683.6 26

 27 Household sector 3321.6 3275.5 3808.1 4255.6 4635.2 4734.7 4220.8 4060.9 3671.6 3181.5 27

 28 Nonfinancial corporate business 212.6 211.4 149.7 124.1 140.4 155.9 147.4 135.0 113.0 95.5 28

 29 Nonfinancial noncorporate business 60.6 62.1 64.6 56.7 51.2 53.7 54.8 59.0 60.7 63.7 29

 30 Federal government 0.0 0.0 0.0 54.4 197.0 150.1 31.9 0.6 0.6 0.5 30

 31 State and local governments 1216.6 1329.1 1465.7 1370.4 1336.8 1393.5 1330.9 1364.6 1323.5 1342.4 31

 32 Domestic financial sectors 14746.4 15748.9 16728.2 17574.5 18317.3 18529.7 19798.0 20984.0 22443.7 23678.1 32

 33 Monetary authority 744.2 778.9 740.6 495.6 1844.8 2161.1 2605.1 2669.6 3756.2 4236.9 33

 34 U.S.-chartered depository institutions 1920.5 2045.8 2103.9 2188.8 2434.4 2549.8 2658.2 2821.8 2912.4 3153.9 34

 35 Foreign banking offices in U.S. 346.3 377.7 460.7 491.5 336.3 325.6 327.8 339.2 288.8 274.3 35

 36 Banks in U.S.-affiliated areas 40.0 34.4 30.7 28.6 26.5 17.0 13.5 10.9 12.4 11.1 36

 37 Credit unions 118.4 111.6 113.8 120.6 147.1 178.3 209.2 227.2 231.7 222.8 37

 38 Property-casualty insurance companies 816.5 860.6 864.6 848.5 882.3 886.4 921.9 922.2 950.8 964.6 38

 39 Life insurance companies 2345.7 2350.0 2399.2 2374.3 2555.6 2716.0 2818.5 2879.1 2934.2 3004.3 39

 40 Private pension funds 676.5 709.8 738.7 739.7 751.4 869.2 947.6 1092.9 1182.5 1205.1 40

 41 Federal government retirement funds 961.2 1005.7 1051.6 1138.8 1208.2 1284.8 1381.1 1436.9 1544.7 1630.7 41

 42 State and local govt. retirement funds 714.3 794.6 829.8 818.5 731.7 758.1 764.6 763.7 851.1 896.0 42

 43 Money market mutual funds 1348.6 1570.2 1962.0 2689.9 2070.0 1673.4 1663.6 1580.9 1611.7 1490.8 43

 44 Mutual funds 1707.3 1882.4 2114.4 2134.4 2540.9 2895.3 3235.8 3875.6 4200.2 4667.6 44

 45 Closed-end funds 165.4 171.5 171.2 130.6 141.1 146.4 144.7 155.9 169.5 165.7 45

 46 Exchange-traded funds 15.0 20.7 34.1 57.1 103.0 132.7 178.8 231.1 243.3 294.3 46

 47 Government-sponsored enterprises 1283.3 1278.4 1243.8 1351.4 1296.0 760.9 722.3 585.7 491.1 472.1 47

 48 ABS issuers 336.8 392.8 435.5 395.9 153.4 43.7 29.5 23.7 24.4 22.1 48

 49 Finance companies 203.5 184.8 189.4 192.4 198.6 84.1 85.0 78.7 67.9 73.9 49

 50 REITs 93.6 130.0 123.3 101.3 121.2 166.6 275.1 394.1 298.3 309.5 50

 51 Brokers and dealers 455.2 541.7 750.3 661.5 465.2 510.1 508.9 612.7 426.4 337.3 51

 52 Holding companies 24.1 30.4 52.8 64.7 61.2 79.0 78.2 103.8 76.1 76.0 52

 53 Funding corporations 429.8 476.9 318.0 550.3 248.2 291.2 228.7 178.2 170.0 169.1 53

 54 Rest of the world 4980.2 5985.4 6999.6 7255.5 7479.9 8251.6 8748.7 9364.8 9588.1 10146.9 54

(1) Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
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Historical Annuals, 2005-2014, September 18, 2015 109

L.209 Open Market Paper

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total outstanding, all types 1644.2 1958.4 1788.9 1599.8 1138.0 1057.6 969.3 952.4 951.6 930.4 1

 2 Commercial paper 1640.1 1957.5 1788.1 1599.3 1137.4 1057.5 969.2 952.4 951.6 930.4 2

 3 Nonfinancial corporate business 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 144.5 182.4 3

 4 Foreign issues in U.S. 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 407.0 384.3 4

 5 Nonfinancial 29.0 27.0 29.0 49.7 34.5 30.6 30.2 40.4 51.6 45.1 5

 6 Financial 355.0 455.3 384.0 292.3 366.8 368.0 314.9 332.6 355.4 339.3 6

 7 Financial business 1166.1 1362.7 1251.3 1125.8 677.6 575.9 507.8 449.1 400.2 363.6 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 112.9 120.6 87.5 59.7 54.5 8

 9 ABS issuers 674.4 837.4 643.1 559.3 293.1 120.2 96.0 87.0 79.9 64.8 9

 10 Finance companies 160.0 165.3 123.5 100.9 62.1 111.0 121.0 129.1 118.8 117.8 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 57.1 81.7 116.7 77.7 60.8 64.7 75.9 116.4 96.6 77.0 12

 13 Funding corporations 274.5 278.3 367.9 388.0 261.7 167.1 94.3 29.0 45.2 49.6 13

 14 Bankers’ acceptances (1) 4.1 0.9 0.8 0.5 0.6 0.1 0.1 0.0 0.0 0.0 14

 15 U.S.-chartered depository institutions 3.3 0.4 0.3 0.5 0.6 0.1 0.1 0.0 0.0 0.0 15

 16 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holdings, by sector 1644.2 1958.4 1788.9 1599.8 1138.0 1057.6 969.3 952.4 951.6 930.4 17

 18 Household sector 98.4 117.5 107.3 6.0 22.7 21.1 19.4 18.8 15.0 14.9 18

 19 Nonfinancial corporate business 111.0 122.7 69.5 57.3 56.0 68.0 67.9 59.5 38.2 31.6 19

 20 State and local governments 153.2 152.1 149.9 127.5 89.3 102.7 90.5 83.9 75.4 68.0 20

 21 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 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 23

 24 Credit unions 0.8 1.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Property-casualty insurance companies 15.8 16.4 13.3 19.1 9.8 7.9 8.8 7.4 8.1 7.9 25

 26 Life insurance companies 24.4 28.7 41.7 38.3 49.8 40.9 29.7 43.6 46.7 42.2 26

 27 Private pension funds 26.5 43.1 46.6 40.5 42.1 40.1 42.6 37.7 43.6 44.6 27

 28 State and local govt. retirement funds 34.5 35.1 36.4 37.8 36.2 40.3 42.1 38.5 41.4 46.4 28

 29 Money market mutual funds 489.4 600.8 674.6 618.5 510.5 394.2 354.2 340.8 352.0 333.5 29

 30 Mutual funds 97.1 114.5 114.1 51.6 80.2 66.3 40.0 77.5 105.2 120.6 30

 31 Government-sponsored enterprises 13.8 32.4 27.7 6.8 9.7 9.9 6.5 3.4 4.4 6.0 31

 32 Brokers and dealers 60.2 64.3 87.1 65.7 41.5 36.2 42.1 29.9 28.7 20.8 32

 33 Funding corporations 362.3 416.6 194.0 349.7 72.9 127.8 122.9 108.7 91.6 86.0 33

 34 Rest of the world 156.8 213.3 226.3 165.5 117.2 102.1 102.7 102.8 101.3 107.9 34

(1) Excludes banks’ holdings of own acceptances.
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110 Historical Annuals, 2005-2014, September 18, 2015

L.210 Treasury Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 1

 2 Marketable Treasury securities 4143.1 4297.6 4493.7 5757.1 7232.7 8822.7 9906.1 11027.9 11834.2 12480.9 2

 3 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 1519.5 1626.5 1590.6 1456.7 3

 4 Other Treasury notes, bonds, and TIPS 3168.4 3342.8 3480.1 3881.9 5432.9 7043.5 8378.2 9394.4 10228.6 11010.6 4

 5 Held in the Civil Service Retirement Fund (2) 14.0 14.0 14.0 14.0 11.9 10.2 8.4 7.1 15.0 13.6 5

 6 Nonmarketable Treasury securities 1417.9 1482.9 1557.5 1596.4 1626.5 1681.7 1735.9 1795.0 1846.5 1935.8 6

 7 U.S. savings securities 205.2 202.4 196.5 194.1 191.3 188.0 185.3 182.5 179.2 176.0 7

 8 State and local government series (SLGS) 235.6 257.6 293.2 249.3 214.1 192.9 152.1 162.6 120.6 116.5 8

 9 Thrift Savings Plan G Fund 64.5 72.8 83.9 108.2 114.9 124.8 147.7 158.5 172.7 191.3 9

 10 Federal govt. defined benefit pension plans 868.9 904.7 938.0 1001.3 1065.3 1132.7 1205.2 1247.0 1337.3 1407.5 10

 11 Other nonmarketable securities 43.8 45.3 45.9 43.5 40.9 43.4 45.6 44.4 36.6 44.6 11

 12 Total assets 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 12

 13 Household sector 427.6 329.6 207.7 187.1 858.8 1127.3 707.3 908.7 960.3 895.5 13

 14 U.S. savings securities (line 7) 205.2 202.4 196.5 194.1 191.3 188.0 185.3 182.5 179.2 176.0 14

 15 Other Treasury securities 222.4 127.1 11.2 -7.0 667.5 939.2 522.0 726.2 781.0 719.5 15

 16 Nonfinancial corporate business 52.1 45.5 38.3 30.5 43.0 48.0 43.0 39.4 42.8 38.0 16

 17 Nonfinancial noncorporate business 56.2 56.3 59.3 51.8 46.1 48.1 48.9 52.9 54.5 57.1 17

 18 State and local governments 512.1 571.1 648.9 601.4 586.8 595.7 561.2 610.3 599.6 636.6 18

 19 SLGS (line 8) 235.6 257.6 293.2 249.3 214.1 192.9 152.1 162.6 120.6 116.5 19

 20 Other Treasury securities 276.5 313.5 355.6 352.1 372.7 402.8 409.2 447.7 479.0 520.2 20

 21 Monetary authority 744.2 778.9 740.6 475.9 776.6 1021.5 1663.4 1666.1 2208.8 2461.4 21

 22 Treasury bills 271.3 277.0 227.8 18.4 18.4 18.4 18.4 0.0 0.0 0.0 22

 23 Other Treasury securities 472.9 501.9 512.8 457.5 758.2 1003.1 1645.0 1666.1 2208.8 2461.4 23

 24 U.S.-chartered depository institutions 76.5 74.4 80.1 56.4 124.5 217.5 173.9 243.2 217.1 420.4 24

 25 Foreign banking offices in U.S. 27.8 26.8 30.4 35.5 57.5 60.9 60.5 76.6 67.0 56.5 25

 26 Banks in U.S.-affiliated areas 3.9 3.7 1.8 1.2 0.5 1.1 1.0 0.4 1.2 1.3 26

 27 Credit unions 7.7 7.4 10.4 8.8 14.2 20.1 17.6 19.3 19.1 21.6 27

 28 Property-casualty insurance companies 106.9 110.0 71.3 65.6 88.5 91.7 96.4 89.7 96.1 102.0 28

 29 Treasury bills 37.7 34.2 16.2 10.8 15.8 15.5 17.4 14.1 23.5 26.8 29

 30 Other Treasury securities 69.2 75.8 55.1 54.8 72.8 76.2 78.9 75.6 72.6 75.2 30

 31 Life insurance companies 95.4 87.9 70.6 105.7 133.5 156.6 175.4 180.9 168.6 182.9 31

 32 Treasury bills 4.3 4.7 2.3 20.1 13.9 10.2 14.0 9.5 6.7 8.7 32

 33 Other Treasury securities 91.2 83.2 68.3 85.6 119.6 146.4 161.4 171.4 162.0 174.3 33

 34 Private pension funds 113.8 137.3 137.7 142.9 175.5 206.8 247.4 311.8 308.4 320.5 34

 35 Defined benefit plans 60.0 112.2 110.2 99.3 112.1 119.4 152.4 188.3 185.7 191.2 35

 36 Defined contribution plans 53.8 25.1 27.5 43.5 63.5 87.3 95.1 123.4 122.7 129.3 36

 37 Federal government retirement funds 951.0 995.3 1039.9 1127.9 1197.3 1273.0 1367.2 1419.8 1530.6 1617.5 37

 38 Defined benefit plans 884.5 920.3 953.6 1017.2 1079.5 1145.0 1215.4 1255.5 1353.7 1422.5 38

 39 Defined contribution plans 66.6 75.0 86.3 110.7 117.7 128.1 151.8 164.2 176.9 195.0 39

 40 State and local govt. retirement funds 156.8 153.7 145.4 135.2 155.9 167.1 176.5 188.8 201.1 189.1 40

 41 Defined benefit plans 152.5 149.8 140.2 127.6 145.4 153.7 160.7 172.8 188.2 176.8 41

 42 Defined contribution plans 4.3 3.9 5.1 7.6 10.5 13.4 15.7 16.1 12.9 12.3 42

 43 Money market mutual funds 88.6 82.6 178.2 577.7 406.4 335.4 443.3 457.8 488.0 412.7 43

 44 Treasury bills 69.8 63.3 136.9 478.7 318.5 234.5 263.7 282.8 289.4 240.9 44

 45 Other Treasury securities 18.8 19.4 41.3 98.9 87.9 100.9 179.7 175.0 198.6 171.8 45

 46 Mutual funds 161.9 162.6 165.5 184.0 258.0 381.8 447.7 569.8 624.7 611.3 46

 47 Treasury bills 0.0 0.0 0.0 0.0 0.0 35.6 32.4 44.2 34.6 25.2 47

 48 Other Treasury securities 161.9 162.6 165.5 184.0 258.0 346.3 415.3 525.6 590.1 586.0 48

 49 Closed-end funds 7.1 7.3 5.6 3.2 4.4 5.1 4.8 5.2 5.7 5.5 49

 50 Exchange-traded funds 9.7 13.1 19.7 27.1 41.8 51.0 62.4 63.6 57.1 70.1 50

 51 Government-sponsored enterprises 13.1 14.2 15.5 16.8 36.6 82.6 100.2 69.0 59.1 64.3 51

 52 ABS issuers 27.7 61.1 85.8 72.2 53.9 40.1 29.2 23.4 24.3 22.0 52

 53 Brokers and dealers -64.6 -67.1 -85.0 190.6 123.0 94.5 183.6 246.5 136.0 60.2 53

 54 Holding companies 1.1 2.5 7.1 3.1 5.8 19.6 26.8 8.2 16.6 13.9 54

 55 Rest of the world 1984.4 2126.2 2376.4 3253.0 3670.6 4458.8 5004.4 5571.5 5793.8 6156.2 55

 56 Treasury bills 264.7 253.3 302.7 758.0 750.4 710.3 647.7 661.7 685.0 671.6 56

 57 Other Treasury securities 1719.7 1872.8 2073.7 2495.0 2920.2 3748.5 4356.7 4909.8 5108.9 5484.5 57

(1) Includes marketable and nonmarketable Treasury securities held by the public (net of premiums and discounts) and Treasury securities held by federal government employee retirement funds.

 In the Financial Accounts, nonmarketable government securities held by federal government employee defined benefit retirement funds are considered part of the financial business sector as

 opposed to intragovernmental holdings as reported on the Monthly Statement of the Public Debt.

(2) Long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank. These securities are not currently traded in the market.
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Historical Annuals, 2005-2014, September 18, 2015 111

L.211 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 7554.6 7794.1 7944.6 1

 2 Budget agencies 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 24.5 24.4 2

 3 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 6200.2 6275.5 3

 4 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1644.7 4

 5 Total assets 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 7554.6 7794.1 7944.6 5

 6 Household sector 590.5 617.9 880.1 1063.1 362.3 340.3 356.7 288.2 276.7 52.6 6

 7 Nonfinancial corporate business 17.4 15.2 12.8 10.2 14.3 16.0 14.3 13.1 10.3 12.7 7

 8 Federal government 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 0.0 0.0 8

 9 State and local governments 413.1 453.1 498.1 478.3 491.8 516.7 502.7 489.1 465.7 450.0 9

 10 Monetary authority 0.0 0.0 0.0 19.7 1068.3 1139.6 941.7 1003.4 1547.4 1775.5 10

 11 U.S.-chartered depository institutions 1185.0 1217.3 1106.3 1242.5 1417.4 1527.2 1634.1 1669.6 1717.3 1760.3 11

 12 Foreign banking offices in U.S. 50.9 55.1 57.1 50.6 31.3 26.5 30.6 32.1 25.4 20.5 12

 13 Banks in U.S.-affiliated areas 34.8 29.0 26.3 24.4 20.5 12.8 4.8 2.6 1.9 1.7 13

 14 Credit unions 86.4 72.5 68.4 82.9 110.7 151.5 182.1 197.0 199.2 187.5 14

 15 Property-casualty insurance companies 117.9 122.0 125.8 114.3 116.2 115.8 122.7 114.3 109.5 105.2 15

 16 Life insurance companies 368.5 377.4 382.9 366.2 371.9 376.0 374.4 360.9 354.1 339.1 16

 17 Private pension funds 248.4 182.1 185.8 184.0 177.4 183.9 174.6 176.6 171.0 160.3 17

 18 Federal government retirement funds 5.8 5.6 5.4 5.2 5.2 5.8 6.5 8.1 6.4 5.8 18

 19 State and local govt. retirement funds 187.6 195.8 192.7 167.6 162.3 164.6 137.3 112.0 114.6 110.2 19

 20 Money market mutual funds 162.0 133.9 235.9 756.2 543.0 402.8 403.7 343.5 361.3 384.6 20

 21 Mutual funds 477.1 497.1 576.6 553.3 603.2 678.7 793.6 881.6 857.6 960.4 21

 22 Government-sponsored enterprises 751.1 714.0 702.9 910.0 924.5 377.0 358.9 310.6 287.9 295.7 22

 23 ABS issuers 309.1 331.7 349.8 323.7 99.6 3.6 0.3 0.3 0.1 0.1 23

 24 REITs 40.6 65.4 88.9 89.6 105.2 143.4 248.1 357.6 261.9 269.8 24

 25 Brokers and dealers 101.0 138.1 315.2 242.6 110.9 149.8 147.7 169.6 114.2 121.9 25

 26 Holding companies 11.2 11.2 9.9 25.8 24.3 21.1 33.1 22.9 28.0 28.0 26

 27 Rest of the world 1006.1 1258.2 1576.8 1402.2 1150.0 1095.8 1078.2 1001.2 883.8 902.6 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.106, line 20.
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112 Historical Annuals, 2005-2014, September 18, 2015

L.212 Municipal Securities

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 3671.2 3652.4 1

 2 State and local governments 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 2910.9 2

 3 Short-term (1) 42.5 34.3 51.2 55.8 63.6 63.0 52.3 56.1 45.3 38.6 3

 4 Long-term 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 2908.2 2879.6 2872.3 4

 5 Nonprofit organizations (2) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 227.8 223.1 5

 6 Nonfinancial corporate business 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 518.5 518.4 6

 (industrial revenue bonds)

 7 Total assets 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 3671.2 3652.4 7

 8 Household sector 1600.6 1635.6 1673.6 1720.9 1827.9 1871.5 1805.8 1661.0 1605.2 1538.0 8

 9 Nonfinancial corporate business 32.1 28.1 29.2 26.2 27.1 23.9 22.3 22.9 21.8 13.2 9

 10 Nonfinancial noncorporate business 4.4 5.8 5.3 4.9 5.1 5.6 5.9 6.1 6.3 6.6 10

 11 State and local governments 6.9 8.4 10.0 10.4 11.5 12.9 13.2 13.5 13.6 14.0 11

 12 U.S.-chartered depository institutions 166.1 190.1 202.0 221.9 224.3 254.6 297.3 365.0 418.9 451.5 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Banks in U.S.-affiliated areas 0.5 1.3 2.0 2.5 3.5 2.5 3.4 2.6 3.6 2.7 14

 15 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 3.2 4.2 4.6 3.8 15

 16 Property-casualty insurance companies 313.2 335.2 371.3 381.9 369.4 348.4 331.0 328.1 326.4 321.7 16

 17 Life insurance companies 32.5 36.6 41.4 47.1 73.1 112.3 121.8 131.5 141.6 147.8 17

 18 State and local govt. retirement funds 1.7 1.7 1.5 1.4 1.4 2.2 1.7 1.8 3.1 4.2 18

 19 Money market mutual funds 349.1 392.0 496.6 509.5 440.1 386.7 357.3 336.7 308.3 281.7 19

 20 Mutual funds 311.2 343.9 371.6 389.4 478.8 525.5 541.2 627.4 613.9 657.7 20

 21 Closed-end funds 89.3 89.3 91.2 77.9 81.2 81.6 82.5 86.0 84.4 84.8 21

 22 Exchange-traded funds 0.0 0.0 0.6 2.3 5.9 7.6 8.6 12.3 11.4 14.6 22

 23 Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 24.9 21.0 17.0 13.4 10.8 23

 24 Brokers and dealers 42.9 50.9 50.1 38.7 35.4 40.0 30.9 26.6 18.6 18.9 24

 25 Rest of the world 29.0 34.4 45.1 51.0 58.7 71.7 72.4 71.8 76.1 80.4 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
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Historical Annuals, 2005-2014, September 18, 2015 113

L.213 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 8149.0 9191.8 10553.5 10054.0 10381.3 10336.9 10424.5 10924.5 11103.5 11564.4 1

 2 Nonfinancial corporate business 2670.4 2745.0 2864.9 2981.4 3196.9 3376.4 3538.1 3861.1 4140.4 4405.5 2

 3 Domestic financial sectors 4653.8 5422.5 6262.9 5981.5 5736.7 5282.9 4972.8 4870.3 4720.2 4757.4 3

 4 U.S.-chartered depository institutions 130.4 159.9 184.8 184.8 176.3 377.1 379.4 295.9 221.0 209.0 4

 5 ABS issuers (net) (1) 2720.2 3325.1 3873.5 3545.3 2999.1 2115.7 1893.0 1682.4 1403.1 1317.7 5

 6 Finance companies 806.5 849.7 974.1 924.5 837.5 1078.2 1038.8 957.5 961.9 981.3 6

 7 REITs 216.7 230.6 231.3 171.0 144.4 145.4 152.9 179.6 353.2 407.4 7

 8 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 129.7 91.8 90.2 112.4 123.9 8

 9 Holding companies 372.4 421.5 516.0 638.9 1028.7 982.2 890.6 1103.2 1095.6 1123.2 9

 10 Funding corporations 345.3 367.0 418.5 419.9 457.8 454.6 526.2 561.5 572.9 595.1 10

 11 Rest of the world (2) 824.8 1024.3 1425.7 1091.2 1447.8 1677.6 1913.6 2193.1 2242.9 2401.5 11

 12 Total assets (3) 8149.0 9191.8 10553.5 10054.0 10381.3 10336.9 10424.5 10924.5 11103.5 11564.4 12

 13 Household sector 604.5 575.0 939.5 1278.5 1563.5 1374.5 1331.7 1184.2 814.4 680.4 13

 14 Federal government 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 0.6 0.5 14

 15 State and local governments 131.4 144.3 158.8 152.8 157.3 165.5 163.3 167.7 169.1 173.7 15

 16 U.S.-chartered depository institutions 492.8 564.0 715.5 652.4 668.2 550.5 553.0 544.0 559.2 521.7 16

 17 MBS and other ABS 236.4 268.3 383.7 314.6 262.9 174.9 150.1 149.1 147.7 139.1 17

 18 Other 256.5 295.7 331.9 337.8 405.2 375.6 402.9 394.9 411.4 382.6 18

 19 Foreign banking offices in U.S. 267.5 295.8 373.1 405.4 247.6 238.2 236.7 230.5 196.4 197.3 19

 20 Banks in U.S.-affiliated areas 0.8 0.4 0.5 0.5 2.0 0.6 4.2 5.2 5.8 5.3 20

 21 Credit unions 23.5 30.6 34.6 28.9 22.3 6.6 6.3 6.7 8.9 9.9 21

 22 MBS and other ABS 0.0 0.0 0.0 3.3 3.6 6.1 5.9 6.6 8.7 9.7 22

 23 Other 23.5 30.6 34.6 25.7 18.6 0.5 0.4 0.1 0.2 0.2 23

 24 Property-casualty insurance companies 262.8 277.0 282.9 267.5 298.3 322.6 363.1 382.7 410.8 427.7 24

 25 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 71.3 74.5 82.7 92.0 25

 26 Other 262.8 277.0 282.9 267.5 298.3 322.6 291.8 308.2 328.0 335.7 26

 27 Life insurance companies 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 2117.3 2162.2 2223.0 2292.3 27

 28 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 434.9 410.6 419.7 435.5 28

 29 Other 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 1682.3 1751.6 1803.3 1856.8 29

 30 Private pension funds 287.9 347.3 368.6 372.4 356.4 438.4 483.0 566.8 659.5 679.7 30

 31 Federal government retirement funds 4.4 4.8 6.3 5.8 5.7 5.9 7.3 9.0 7.7 7.3 31

 32 State and local govt. retirement funds 333.8 408.3 453.8 476.5 375.8 383.8 407.0 422.5 490.8 546.1 32

 33 Money market mutual funds 259.5 360.9 376.8 228.0 169.9 154.2 105.1 102.1 102.0 78.3 33

 34 Mutual funds 660.1 764.4 886.5 956.2 1120.7 1243.0 1413.4 1719.4 1998.8 2317.7 34

 35 Closed-end funds 69.0 74.8 74.3 49.5 55.6 59.7 57.3 64.8 79.4 75.4 35

 36 Exchange-traded funds 5.3 7.6 13.8 27.7 55.4 74.1 107.7 155.3 174.8 209.6 36

 37 Government-sponsored enterprises 465.7 481.7 464.4 386.6 296.0 266.5 235.7 185.7 126.3 95.4 37

 38 MBS and other ABS 382.9 393.5 373.4 309.1 288.2 241.6 209.5 178.3 119.4 89.3 38

 39 Other 82.7 88.3 90.9 77.5 7.9 24.8 26.2 7.4 6.8 6.2 39

 40 Finance companies 203.5 184.8 189.4 192.4 198.6 84.1 85.0 78.7 67.9 73.9 40

 41 REITs 53.0 64.6 34.4 11.7 16.0 23.2 27.0 36.5 36.3 39.7 41

 42 Brokers and dealers 315.7 355.5 382.8 123.8 154.4 189.5 104.5 140.0 128.9 115.5 42

 43 Holding companies 11.8 16.7 35.9 35.8 31.1 38.3 18.3 72.7 31.5 34.1 43

 44 Funding corporations 67.5 60.4 124.0 200.6 175.3 163.4 105.8 69.6 78.4 83.1 44

 45 Rest of the world (4) 1803.8 2353.3 2775.0 2383.9 2483.5 2523.1 2491.0 2617.6 2733.1 2899.7 45

 46 MBS and other ABS 505.9 753.0 852.2 583.6 484.8 441.4 415.5 403.9 395.8 391.0 46

 47 Other 1297.9 1600.3 1922.8 1800.3 1998.7 2081.7 2075.6 2213.6 2337.3 2508.7 47

(1) Liabilities net of assets.

(2) Holdings of foreign issues by U.S. residents.

(3) For some sectors, holdings of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.

(4) Holdings of U.S. issues by foreign residents.
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114 Historical Annuals, 2005-2014, September 18, 2015

L.214 Loans (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 By instrument

 1 Total loans 18725.9 20779.4 23136.2 23729.3 22047.1 21246.9 21187.4 21461.4 22064.0 23033.6 1

 2 Depository institution loans n.e.c. 1620.4 1818.5 2147.0 2834.2 2067.9 2039.4 2217.0 2393.8 2590.3 2910.2 2

 3 Other loans and advances 2675.1 2972.9 3750.4 3528.9 3000.3 2765.7 2732.1 2880.0 3088.5 3342.9 3

 4 Mortgages 12109.8 13526.6 14623.7 14716.1 14426.6 13794.9 13482.8 13264.7 13286.4 13468.6 4

 5 Home 9420.6 10500.7 11240.3 11153.7 10939.0 10446.6 10200.8 9972.4 9882.4 9887.1 5

 6 Multifamily residential 668.7 710.4 797.1 847.7 855.1 852.1 856.2 889.8 927.5 996.4 6

 7 Commercial 1915.8 2207.5 2473.6 2580.0 2486.4 2342.2 2258.7 2229.1 2292.6 2386.2 7

 8 Farm 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.3 183.8 198.9 8

 9 Consumer credit 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 9

 By sector

 10 Total liabilities 18725.9 20779.4 23136.2 23729.3 22047.1 21246.9 21187.4 21461.4 22064.0 23033.6 10

 11 Domestic nonfinancial sectors 16930.0 18872.6 20691.9 20927.4 19939.2 19278.9 19162.3 19412.1 19798.3 20574.0 11

 12 Household sector 11740.9 13009.0 13906.4 13755.5 13497.1 13245.4 13041.1 13114.4 13279.7 13653.0 12

 13 Nonfinancial corporate business 2280.5 2539.0 2998.4 3065.1 2443.2 2068.3 2159.3 2214.7 2317.3 2504.0 13

 14 Nonfinancial noncorporate business 2898.0 3313.4 3775.1 4094.0 3985.4 3950.9 3946.6 4067.4 4185.1 4400.4 14

 15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 State and local governments 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 16.2 16.6 16

 17 Domestic financial sectors 1654.2 1755.5 2286.4 2630.7 1951.1 1786.3 1798.9 1781.4 1957.3 2119.8 17

 18 U.S.-chartered depository institutions 594.0 608.3 806.1 805.0 541.1 392.8 332.3 336.9 406.2 458.5 18

 19 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 27.0 35.4 19

 20 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 59.4 71.8 20

 21 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Finance companies 142.1 129.2 182.0 174.9 144.5 91.5 102.1 118.5 128.6 139.1 22

 23 REITs 178.8 180.4 189.9 196.3 195.4 194.5 212.6 221.4 226.2 255.9 23

 24 Brokers and dealers 660.8 749.1 969.5 822.7 733.7 763.5 795.4 828.2 897.1 962.5 24

 25 Holding companies 52.3 55.4 77.9 91.3 164.2 190.3 254.3 196.8 210.6 194.2 25

 26 Funding corporations 0.0 0.0 0.0 444.9 97.3 82.5 31.3 3.0 2.4 2.4 26

 27 Rest of the world 141.8 151.3 157.9 171.2 156.9 181.6 226.2 267.9 308.3 339.8 27

 28 Total assets 18725.9 20779.4 23136.2 23729.3 22047.1 21246.9 21187.4 21461.4 22064.0 23033.6 28

 29 Domestic nonfinancial sectors 1366.9 1525.0 1761.3 1621.2 1739.9 1891.3 2016.1 2156.7 2332.5 2504.4 29

 30 Household sector 772.9 912.5 1132.9 973.6 928.3 929.9 924.9 926.6 977.7 1031.8 30

 31 Nonfinancial corporate business 127.8 108.3 91.4 81.2 73.3 72.9 74.3 74.0 71.6 72.1 31

 32 Nonfinancial noncorporate business 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 36.5 32

 33 Federal government 271.2 294.3 301.1 340.1 506.8 641.7 778.3 914.4 1038.7 1148.6 33

 34 State and local governments 158.8 175.3 193.8 187.3 193.7 204.7 202.4 207.9 209.6 215.3 34

 35 Domestic financial sectors 17196.5 19085.6 21103.9 21881.6 20124.7 19193.3 18975.1 19160.8 19591.8 20339.4 35

 36 Monetary authority 0.0 0.0 0.0 490.4 142.8 98.1 30.5 0.6 0.1 0.0 36

 37 U.S.-chartered depository institutions 6117.5 6615.9 7131.4 7294.6 6703.3 6829.9 6867.4 7089.5 7241.4 7670.0 37

 38 Foreign banking offices in U.S. 353.3 432.3 559.9 621.8 485.0 474.3 533.4 520.5 566.2 640.9 38

 39 Banks in U.S.-affiliated areas 61.0 64.8 62.2 62.3 61.7 51.9 50.5 53.0 51.8 47.4 39

 40 Credit unions 474.2 511.1 544.1 580.5 587.4 580.3 587.0 615.1 660.1 728.9 40

 41 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 7.9 9.9 41

 42 Life insurance companies 408.2 436.4 472.0 508.5 467.1 458.2 481.1 494.8 517.1 546.6 42

 43 Private pension funds 9.8 31.9 34.2 26.1 23.7 26.5 21.9 23.1 22.4 22.5 43

 44 State and local govt. retirement funds 13.4 15.3 17.3 14.5 11.9 11.6 11.0 10.0 9.4 9.2 44

 45 Mutual funds 36.5 46.3 82.4 94.8 75.4 74.6 93.5 105.7 145.1 154.5 45

 46 Government-sponsored enterprises 1260.6 1312.1 1585.7 1686.0 1403.6 5572.2 5411.1 5329.2 5465.3 5542.3 46

 47 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1644.7 47

 48 ABS issuers 2953.8 3657.8 3966.3 3610.4 3075.1 2140.4 1912.0 1704.6 1422.9 1329.1 48

 49 Finance companies 1537.1 1627.3 1650.7 1584.2 1359.9 1321.3 1274.6 1246.2 1237.5 1243.6 49

 50 REITs 146.7 136.3 123.1 76.3 46.0 44.6 56.1 64.5 199.3 244.6 50

 51 Brokers and dealers 254.4 333.8 378.4 220.8 263.1 325.6 293.2 343.3 389.6 428.2 51

 52 Holding companies 8.1 5.6 6.3 8.2 14.6 18.9 22.9 105.3 75.7 64.8 52

 53 Funding corporations 10.6 14.1 20.8 35.9 22.9 21.4 19.4 12.9 10.6 12.1 53

 54 Rest of the world 162.5 168.8 271.1 226.4 182.5 162.3 196.1 143.9 139.7 189.8 54

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
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Historical Annuals, 2005-2014, September 18, 2015 115

L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 1620.4 1818.5 2147.0 2834.2 2067.9 2039.4 2217.0 2393.8 2590.3 2910.2 1

 2 Household sector -16.5 30.9 21.8 26.4 -15.9 61.0 11.5 62.6 92.7 212.9 2

 3 Corporate business 590.9 612.9 715.7 779.9 545.8 477.1 569.2 658.7 708.8 794.5 3

 4 Noncorporate business 670.5 785.8 926.7 1046.2 944.2 927.4 960.9 1021.4 1067.4 1138.5 4

 5 Domestic financial sectors 265.1 261.5 345.6 829.3 456.2 411.8 470.1 413.4 444.8 459.0 5

 6 Finance companies 142.1 129.2 182.0 174.9 144.5 91.5 102.1 118.5 128.6 139.1 6

 7 REITs 33.3 28.4 33.2 32.8 20.2 18.4 23.0 27.0 24.0 32.1 7

 8 Brokers and dealers 37.4 48.5 52.5 85.3 32.0 38.2 69.2 71.1 81.6 93.5 8

 9 Holding companies 52.3 55.4 77.9 91.3 164.2 190.3 254.3 196.8 210.6 194.2 9

 10 Funding corporations 0.0 0.0 0.0 444.9 95.3 73.4 21.5 0.0 0.0 0.0 10

 11 Rest of the world 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 276.7 305.3 11

 12 Foreign official institutions 3.3 2.6 2.8 4.6 4.5 6.6 5.4 6.2 7.1 8.2 12

 13 Foreign banks 25.3 28.3 37.2 42.6 37.4 53.0 69.8 70.4 90.5 89.8 13

 14 Other foreign 81.8 96.5 97.2 105.2 95.6 102.4 130.0 161.0 179.1 207.3 14

 15 Total assets 1620.4 1818.5 2147.0 2834.2 2067.9 2039.4 2217.0 2393.8 2590.3 2910.2 15

 16 Monetary authority (2) 0.0 0.0 0.0 490.4 142.8 98.1 30.5 0.6 0.1 0.0 16

 17 U.S.-chartered depository institutions 1243.3 1363.5 1577.9 1714.4 1425.1 1449.5 1625.3 1842.0 1986.4 2236.2 17

 18 Foreign banking offices in U.S. 331.7 406.9 520.4 577.6 447.2 438.9 500.6 489.6 535.9 603.3 18

 19 Banks in U.S.-affiliated areas 25.9 25.6 21.4 19.7 19.4 16.1 17.1 18.1 19.4 17.1 19

 20 Credit unions 19.5 22.5 27.3 32.1 33.4 36.9 43.5 43.6 48.7 53.7 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, and consumer 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 the Monetary Authority sector table (L.109).
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116 Historical Annuals, 2005-2014, September 18, 2015

L.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total other loans and advances 2675.1 2972.9 3750.4 3528.9 3000.3 2765.7 2732.1 2880.0 3088.5 3342.9 1

 2 U.S. government loans 104.1 104.7 102.5 108.6 174.8 178.5 183.3 185.7 193.0 195.5 2

 3 Liab.: Household sector 11.5 12.9 12.5 12.8 12.6 11.6 11.2 11.0 12.1 13.3 3

 4 Nonfinancial corporate business 10.0 11.2 10.9 15.3 74.9 70.6 70.1 75.3 76.2 74.7 4

 5 Nonfinancial noncorporate business 41.0 45.7 46.8 48.9 52.5 53.0 55.9 56.5 58.5 57.3 5

 6 State and local governments 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 16.2 16.6 6

 7 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Funding corporations 0.0 0.0 0.0 0.0 2.0 9.2 9.8 3.0 2.4 2.4 9

 10 Rest of the world 31.1 23.7 20.4 18.9 19.3 19.6 21.0 24.2 27.6 31.2 10

 11 Foreign loans to U.S. corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 143.9 139.7 189.8 11

 12 Liab.: Nonfinancial corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 143.9 139.7 189.8 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 3.3 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. 0.8 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 3.8 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world 0.2 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 8.1 5.6 6.3 8.2 14.6 18.9 22.9 105.3 75.7 64.8 17

 18 Liab.: Nonfinancial corporate business 8.1 5.6 6.3 8.2 14.6 18.9 22.9 99.3 71.7 61.6 18

 19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.1 4.0 3.2 19

 20 Policy loans (Household liability) 107.6 110.9 114.5 120.4 121.1 124.5 126.9 128.3 129.2 130.8 20

 21 Asset: Federal government 0.7 0.6 0.6 0.6 0.5 0.5 0.5 0.4 0.4 0.3 21

 22 Life insurance companies 106.9 110.2 113.9 119.8 120.6 124.0 126.5 127.8 128.8 130.5 22

 23 Government-sponsored enterprise loans (1) 671.8 704.9 942.6 980.7 695.9 551.3 487.0 505.7 587.5 671.8 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) 5.9 7.6 9.4 5.7 5.3 6.8 5.9 6.7 6.9 8.5 25

 26 Nonfinancial noncorporate business (FCS) 45.8 56.0 66.1 74.6 74.8 80.5 77.8 85.3 88.0 97.6 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 594.0 608.3 806.1 805.0 541.1 392.8 332.3 336.9 406.2 458.5 27

 28 Credit unions (FHLB) 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 27.0 35.4 28

 29 Life insurance companies (FHLB) 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 59.4 71.8 29

 30 Securitized loans held by ABS issuers 93.9 97.7 93.7 78.1 54.4 4.0 0.1 1.8 1.9 0.0 30

 31 Liab.: Nonfinancial corporate business 93.9 97.7 93.7 78.1 54.4 4.0 0.1 1.8 1.9 0.0 31

 32 Finance company loans to business 479.2 498.0 523.0 539.9 448.9 372.7 375.8 387.0 401.3 411.4 32

 33 Liab.: Nonfinancial corporate business 431.3 448.2 470.7 485.9 404.0 335.5 338.2 348.3 361.2 370.3 33

 34 Nonfinancial noncorporate business 47.9 49.8 52.3 54.0 44.9 37.3 37.6 38.7 40.1 41.1 34

 35 Margin accounts at brokers and dealers 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 339.2 369.5 35

 36 Liab.: Household sector 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 339.2 369.5 36

 37 Cash accounts at brokers and dealers 623.4 700.6 917.0 737.4 701.7 725.2 726.1 757.0 815.5 869.0 37

 38 Asset: Household sector 623.4 700.6 917.0 737.4 701.7 725.2 726.1 757.0 815.5 869.0 38

 39 Loans to nonfinancial corporate business (2) 188.1 289.2 453.8 564.3 403.4 350.2 375.1 361.6 405.4 440.2 39

 40 Asset: Household sector 8.7 9.1 17.6 29.7 26.8 26.2 23.4 20.9 25.9 24.3 40

 41 Life insurance companies 15.9 22.4 31.9 46.3 20.4 16.7 22.2 22.6 25.1 31.4 41

 42 Mutual funds 36.5 46.3 82.4 94.8 75.4 74.6 93.5 105.7 145.1 154.5 42

 43 ABS issuers 94.5 155.7 248.3 301.7 197.8 163.8 162.3 160.0 148.3 159.3 43

 44 Brokers and dealers 22.0 41.7 52.8 55.9 60.1 47.4 54.3 39.6 50.4 58.6 44

 45 Funding corporations 10.6 14.1 20.8 35.9 22.9 21.4 19.4 12.9 10.6 12.1 45

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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Historical Annuals, 2005-2014, September 18, 2015 117

L.217 Total Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total mortgages 12109.8 13526.6 14623.7 14716.1 14426.6 13794.9 13482.8 13264.7 13286.4 13468.6 1

 2 Home 9420.6 10500.7 11240.3 11153.7 10939.0 10446.6 10200.8 9972.4 9882.4 9887.1 2

 3 Multifamily residential 668.7 710.4 797.1 847.7 855.1 852.1 856.2 889.8 927.5 996.4 3

 4 Commercial 1915.8 2207.5 2473.6 2580.0 2486.4 2342.2 2258.7 2229.1 2292.6 2386.2 4

 5 Farm 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.3 183.8 198.9 5

 6 Total liabilities 12109.8 13526.6 14623.7 14716.1 14426.6 13794.9 13482.8 13264.7 13286.4 13468.6 6

 7 Household sector 9085.4 10100.9 10817.0 10781.0 10624.0 10123.1 9897.2 9685.8 9607.7 9614.5 7

 8 Nonfinancial business 2879.0 3273.7 3650.0 3771.6 3627.3 3495.7 3396.1 3384.5 3476.5 3630.2 8

 9 Corporate 786.1 897.6 966.7 901.3 758.3 643.0 581.8 519.1 545.4 564.3 9

 10 Noncorporate 2092.9 2376.1 2683.3 2870.3 2869.0 2852.7 2814.3 2865.4 2931.0 3065.9 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 145.5 152.1 156.7 163.5 175.3 176.1 189.5 194.4 202.2 223.8 12

 13 Total assets 12109.8 13526.6 14623.7 14716.1 14426.6 13794.9 13482.8 13264.7 13286.4 13468.6 13

 14 Household sector 140.8 123.6 110.7 111.8 110.9 100.1 100.9 83.0 77.0 85.0 14

 15 Nonfinancial corporate business 68.3 59.8 41.4 33.6 29.5 28.0 27.4 25.5 27.4 29.2 15

 16 Nonfinancial noncorporate business 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 36.5 16

 17 Federal government 76.6 80.3 82.4 95.8 108.4 106.6 109.9 111.5 115.5 117.2 17

 18 State and local governments 158.8 175.3 193.8 187.3 193.7 204.7 202.4 207.9 209.6 215.3 18

 19 U.S.-chartered depository institutions 4054.9 4415.7 4658.6 4615.2 4371.9 4194.9 4049.6 4028.8 3983.5 4090.7 19

 20 Foreign banking offices in U.S. 20.8 24.9 39.0 44.2 37.8 35.4 32.8 30.9 30.3 37.6 20

 21 Banks in U.S.-affiliated areas 35.1 39.2 40.8 42.6 42.3 35.8 33.4 34.9 32.4 30.4 21

 22 Credit unions 226.1 252.5 280.2 312.2 316.9 317.0 320.5 327.8 345.9 372.5 22

 23 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 7.9 9.9 23

 24 Life insurance companies 285.5 303.8 326.2 342.4 326.1 317.5 332.5 344.4 363.2 384.8 24

 25 Private pension funds 9.8 31.9 34.2 26.1 23.7 26.5 21.9 23.1 22.4 22.5 25

 26 State and local govt. retirement funds 13.4 15.3 17.3 14.5 11.9 11.6 11.0 10.0 9.4 9.2 26

 27 Government-sponsored enterprises (1) 588.8 607.2 643.1 705.3 707.7 5021.0 4924.0 4823.5 4877.8 4870.5 27

 28 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1569.4 1644.7 28

 29 ABS issuers 2155.6 2787.2 2971.8 2620.4 2250.4 1922.3 1703.4 1492.9 1223.5 1120.0 29

 30 Finance companies 541.4 594.3 549.9 482.9 430.3 243.5 211.2 179.5 157.0 148.1 30

 31 REITs 146.7 136.3 123.1 76.3 46.0 44.6 56.1 64.5 199.3 244.6 31

(1) Sum of home mortgages, multifamily residential mortgages, commercial mortgages, and farm mortgages.
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L.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 9420.6 10500.7 11240.3 11153.7 10939.0 10446.6 10200.8 9972.4 9882.4 9887.1 1

 2 Household sector 8912.5 9910.2 10613.0 10580.1 10419.3 9915.4 9695.8 9486.7 9403.7 9403.2 2

 3 Nonfinancial corporate business 31.1 39.4 42.2 32.7 20.3 13.6 10.2 9.7 10.0 11.5 3

 4 Nonfinancial noncorporate business 477.0 551.2 585.1 540.9 499.4 517.6 494.8 476.0 468.8 472.4 4

 5 Total assets 9420.6 10500.7 11240.3 11153.7 10939.0 10446.6 10200.8 9972.4 9882.4 9887.1 5

 6 Household sector 117.9 102.9 90.8 91.2 83.2 75.2 67.2 59.2 51.2 43.2 6

 7 Nonfinancial corporate business 40.9 35.9 25.0 20.2 17.7 16.8 16.4 14.5 17.7 20.8 7

 8 Nonfinancial noncorporate business 13.3 12.7 15.4 14.3 13.9 15.4 13.3 12.4 12.8 13.4 8

 9 Federal government 13.2 13.3 13.7 16.4 22.1 23.9 24.0 25.2 25.6 26.8 9

 10 State and local governments 81.8 90.3 99.8 96.4 99.7 105.4 104.2 107.1 108.0 110.9 10

 11 U.S.-chartered depository institutions 2730.2 2933.5 3068.9 2884.5 2693.4 2615.6 2538.0 2503.6 2386.1 2401.8 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 7.0 0.9 1.1 1.3 1.8 1.4 2.9 12

 13 Banks in U.S.-affiliated areas 16.3 17.2 21.5 22.9 22.6 20.1 17.8 20.0 18.9 17.4 13

 14 Credit unions 226.1 252.5 280.2 312.2 316.9 317.0 320.5 327.8 345.9 372.5 14

 15 Life insurance companies 7.5 10.3 9.4 8.6 8.7 9.0 9.0 11.0 11.4 13.7 15

 16 Private pension funds 1.4 1.3 1.2 1.3 2.0 1.9 1.6 1.6 1.4 1.4 16

 17 State and local govt. retirement funds 4.8 5.5 6.2 5.2 4.3 4.2 4.0 3.6 3.4 3.3 17

 18 Government-sponsored enterprises 453.9 457.6 447.9 456.6 433.4 4690.7 4587.7 4475.7 4546.9 4537.9 18

 19 Agency- and GSE-backed mortgage pools 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 1216.8 1321.8 1420.6 1471.7 19

 20 ABS issuers 1649.4 2173.0 2214.3 1902.6 1578.7 1303.0 1109.5 928.3 793.5 703.9 20

 21 Finance companies 489.8 541.4 493.7 416.1 366.0 169.5 149.7 132.6 114.7 104.6 21

 22 REITs 127.9 104.2 80.7 34.3 8.9 9.0 19.8 26.5 23.1 41.1 22

 Memo:

 23 Home equity loans included above (2) 917.4 1067.9 1133.2 1115.9 1033.3 928.5 853.5 769.6 703.3 673.0 23

 24 U.S.-chartered depository institutions 700.7 791.2 872.7 894.7 841.4 783.3 723.1 652.7 596.2 568.2 24

 25 Foreign banking offices in U.S. 0.0 0.0 0.0 0.8 0.3 0.3 0.3 0.2 0.4 0.4 25

 26 Credit unions 75.9 86.9 94.1 98.7 94.6 88.2 82.2 75.7 72.0 73.6 26

 27 ABS issuers 42.9 82.2 71.8 46.6 31.5 22.8 18.0 14.5 11.8 9.9 27

 28 Finance companies 98.0 107.6 94.5 75.1 65.5 33.9 29.9 26.5 22.9 20.9 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

 1 Total liabilities 668.7 710.4 797.1 847.7 855.1 852.1 856.2 889.8 927.5 996.4 1

 2 Nonfinancial corporate business 32.2 34.3 38.7 41.1 41.4 41.2 41.4 43.2 44.9 48.3 2

 3 Nonfinancial noncorporate business 611.7 651.0 735.7 781.5 786.4 783.1 786.9 820.0 852.6 917.0 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 24.8 25.1 22.7 25.1 27.3 27.8 27.9 26.7 30.0 31.0 5

 6 Total assets 668.7 710.4 797.1 847.7 855.1 852.1 856.2 889.8 927.5 996.4 6

 7 Household sector 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 1.1 0.9 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 8

 9 Nonfinancial noncorporate business 12.3 11.7 14.3 13.3 12.9 14.3 12.3 11.5 11.8 12.4 9

 10 Federal government 14.9 14.8 14.4 14.5 14.7 14.4 14.1 13.7 13.8 13.2 10

 11 State and local governments 63.5 70.1 77.5 74.9 77.5 81.9 80.9 83.2 83.9 86.1 11

 12 U.S.-chartered depository institutions 237.1 253.3 261.1 276.0 267.0 254.9 248.3 258.5 287.9 325.9 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 4.3 4.0 3.5 2.9 1.4 1.1 1.3 13

 14 Life insurance companies 42.4 46.1 51.8 51.8 48.5 47.2 49.4 51.1 53.6 56.4 14

 15 Private pension funds 2.1 2.0 2.1 2.4 2.7 3.1 2.9 2.5 2.2 2.1 15

 16 State and local govt. retirement funds 4.0 4.6 5.2 4.3 3.6 3.5 3.3 3.0 2.8 2.8 16

 17 Government-sponsored enterprises 93.0 105.4 147.7 190.2 204.4 256.5 259.2 265.5 243.5 240.8 17

 18 Agency- and GSE-backed mortgage pools 101.3 88.8 88.1 92.8 105.7 66.9 86.4 113.4 147.1 171.4 18

 19 ABS issuers 89.4 102.5 123.9 113.1 107.0 98.4 90.7 81.1 75.2 73.3 19

 20 Finance companies 5.6 5.1 5.1 5.3 4.6 5.1 3.6 2.8 2.0 2.0 20

 21 REITs 1.9 5.0 5.2 4.3 2.3 2.0 1.7 1.9 2.4 8.4 21
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Historical Annuals, 2005-2014, September 18, 2015 119

L.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 1915.8 2207.5 2473.6 2580.0 2486.4 2342.2 2258.7 2229.1 2292.6 2386.2 1

 2 Household sector 172.8 190.7 204.0 200.9 204.7 207.7 201.4 199.1 204.0 211.3 2

 3 Nonfinancial corporate business 703.4 803.2 863.2 799.0 664.1 552.7 490.1 423.2 443.8 452.9 3

 4 Nonfinancial noncorporate business 918.9 1086.6 1272.4 1441.6 1469.7 1433.4 1405.5 1439.1 1472.7 1529.1 4

 5 REITs 120.7 127.0 134.0 138.4 147.9 148.3 161.7 167.7 172.1 192.8 5

 6 Total assets 1915.8 2207.5 2473.6 2580.0 2486.4 2342.2 2258.7 2229.1 2292.6 2386.2 6

 7 Household sector 14.9 17.0 19.1 20.0 19.2 18.1 17.5 17.2 17.6 19.0 7

 8 Nonfinancial corporate business 26.3 23.0 15.8 13.0 11.4 10.8 10.6 10.6 9.3 8.0 8

 9 Nonfinancial noncorporate business 9.9 9.5 11.5 10.7 10.4 11.5 10.0 9.3 9.6 10.0 9

 10 Federal government 45.2 48.9 51.0 61.4 67.8 64.1 67.2 68.0 71.9 72.1 10

 11 State and local governments 12.7 14.0 15.5 15.0 15.5 16.4 16.2 16.6 16.8 17.2 11

 12 U.S.-chartered depository institutions 1049.7 1188.7 1286.8 1404.2 1367.4 1273.2 1210.3 1202.2 1241.0 1301.1 12

 13 Foreign banking offices in U.S. 20.8 24.9 39.0 32.8 32.9 30.8 28.5 27.6 27.8 33.2 13

 14 Banks in U.S.-affiliated areas 18.8 22.0 19.3 19.7 19.6 15.7 15.6 14.9 13.5 13.0 14

 15 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 7.9 9.9 15

 16 Life insurance companies 224.3 235.4 252.2 267.1 255.6 248.8 261.1 270.9 286.3 301.2 16

 17 Private pension funds 6.3 28.6 30.8 22.4 18.9 21.4 17.4 19.0 18.8 19.0 17

 18 State and local govt. retirement funds 4.6 5.2 5.9 4.9 4.0 3.9 3.7 3.4 3.2 3.1 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 416.8 511.8 633.6 604.7 564.8 520.8 503.2 483.5 354.8 342.8 20

 21 Finance companies 46.0 47.8 51.1 61.6 59.7 68.9 57.9 44.1 40.3 41.4 21

 22 REITs 16.8 27.1 37.3 37.7 34.8 33.7 34.6 36.1 173.9 195.1 22

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.3 183.8 198.9 1

 2 Nonfinancial corporate business 19.5 20.8 22.5 28.4 32.5 35.5 40.0 43.0 46.8 51.6 2

 3 Nonfinancial noncorporate business 85.3 87.3 90.1 106.3 113.5 118.6 127.2 130.3 137.0 147.3 3

 4 Total assets 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.3 183.8 198.9 4

 5 Household sector 8.0 3.7 0.9 0.7 8.5 6.8 16.3 6.7 8.3 22.9 5

 6 Nonfinancial noncorporate business 0.7 0.7 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7 6

 7 Federal government 3.2 3.2 3.3 3.5 3.9 4.3 4.5 4.6 4.2 5.2 7

 8 State and local governments 0.8 0.9 1.0 0.9 1.0 1.0 1.0 1.0 1.0 1.1 8

 9 U.S.-chartered depository institutions 37.9 40.1 41.9 50.6 44.2 51.2 52.9 64.5 68.5 62.0 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.2 10

 11 Life insurance companies 11.3 12.0 12.8 15.0 13.3 12.4 13.0 11.5 11.9 13.4 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 42.0 44.2 47.6 58.5 69.9 73.8 77.1 82.4 87.4 91.8 13

 14 Agency- and GSE-backed mortgage pools 0.8 3.2 4.5 4.7 4.5 3.8 1.7 1.9 1.8 1.6 14

(1) Excludes mortgages on farm houses.
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120 Historical Annuals, 2005-2014, September 18, 2015

L.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities (Households) 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 1

 2 Total assets 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 2

 3 Households (nonprofit organizations) (1) 0.0 79.2 87.6 94.6 88.8 78.4 74.5 65.6 59.3 53.6 3

 4 Nonfinancial corporate business 59.6 48.5 50.0 47.5 43.8 45.0 46.9 48.4 44.2 43.0 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 729.8 835.6 6

 7 U.S.-chartered depository institutions 816.1 836.7 894.9 965.0 906.3 1185.5 1192.6 1218.6 1271.6 1343.1 7

 8 Credit unions 228.6 236.1 236.6 236.2 237.1 226.5 223.0 243.6 265.6 302.8 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers 609.9 617.2 652.5 610.2 572.5 50.3 46.2 50.0 49.1 49.8 10

 11 Finance companies 516.5 534.9 577.9 561.4 480.8 705.0 687.6 679.8 679.1 684.1 11

 Memo:

 12 Credit card loans (3) 856.7 924.0 1002.0 1004.4 916.4 839.5 841.2 845.9 858.2 890.0 12

 13 Auto loans 823.1 785.0 801.2 777.3 719.1 713.5 751.2 809.2 878.8 957.8 13

 14 Student loans (4) 0.0 517.2 583.8 665.8 760.0 843.9 943.0 1050.7 1141.5 1215.2 14

 15 Other consumer credit (5) 640.8 235.2 228.1 202.6 156.7 250.0 219.9 217.0 220.3 248.9 15

(1) Student loans originated under the Federal Family Education Loan Program.

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
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Historical Annuals, 2005-2014, September 18, 2015 121

L.223 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Issues at market value 20636.1 24339.3 25580.9 15640.5 20085.5 23552.5 22940.5 26215.0 33656.2 36228.4 1

 2 Nonfinancial corporate business 12686.6 14602.3 15730.7 10016.6 12512.2 14356.5 14369.4 15961.6 20717.0 22228.7 2

 3 Financial corporations 4631.9 5408.0 4602.2 2875.4 3578.1 4295.7 4069.7 4931.6 6466.4 7280.0 3

 4 Rest of the world (2) 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5321.9 6472.9 6719.7 4

 5 Holdings at market value 20636.1 24339.3 25580.9 15640.5 20085.5 23552.5 22940.5 26215.0 33656.2 36228.4 5

 6 Household sector 8049.5 10177.3 9978.0 5810.0 7318.1 8760.8 8564.4 9761.6 12643.3 13323.9 6

 7 Federal government 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 35.1 33.4 7

 8 State and local governments 116.0 133.0 141.8 90.8 112.2 126.9 124.7 139.3 165.3 176.9 8

 9 Monetary authority 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 9

 10 U.S.-chartered depository institutions 62.9 79.8 88.8 33.8 63.6 73.6 67.4 71.3 101.3 108.5 10

 11 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 11

 12 Property-casualty insurance companies 198.1 221.0 231.3 190.1 215.6 214.8 220.8 252.2 310.4 325.4 12

 13 Life insurance companies 1161.8 1364.8 1464.6 1001.7 1208.5 1371.6 1355.5 1502.7 1743.4 1798.4 13

 14 Private pension funds 2359.1 2057.3 2125.3 1323.8 1567.3 1848.0 1750.9 1972.9 2349.1 2476.6 14

 15 Federal government retirement funds 110.9 135.6 145.7 83.7 116.8 140.9 134.4 148.1 206.2 235.0 15

 16 State and local govt. retirement funds 1734.9 1910.7 2028.7 1323.2 1689.7 1866.5 1777.5 1944.0 2332.3 2446.9 16

 17 Mutual funds 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 4427.2 5109.4 6851.8 7392.1 17

 18 Closed-end funds 104.9 121.7 145.2 72.3 87.4 96.7 95.9 100.6 114.2 119.3 18

 19 Exchange-traded funds 285.8 402.0 573.7 474.0 670.0 854.1 863.8 1093.3 1427.3 1675.0 19

 20 Brokers and dealers 158.3 186.4 224.8 109.2 124.2 117.2 103.2 126.7 172.4 187.8 20

 21 Funding corporations 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 0.0 0.0 21

 22 Rest of the world (3) 2118.4 2560.2 2956.2 1925.2 2658.4 3216.0 3397.2 3953.0 5204.4 5929.2 22

 Memo:

 23 Percent change in Dow Jones U.S. Total Market Index (4) 4.6 13.8 3.8 -38.6 25.7 15.3 -0.9 13.9 30.9 10.4 23

(1) Excludes mutual fund shares shown on table L.224.

(2) Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Annual figures calculated from year-end to year-end.

L.224 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9326.1 11544.4 12603.6 1

 2 Holdings at market value 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9326.1 11544.4 12603.6 2

 3 Household sector 3524.8 4087.0 4599.7 3248.7 4125.6 4628.8 4628.1 5632.9 7110.5 7800.4 3

 4 Nonfinancial corporate business 134.4 173.2 178.0 106.3 162.0 186.8 165.9 179.6 211.0 234.9 4

 5 State and local governments 40.7 49.2 55.1 36.2 48.6 58.7 59.1 66.6 80.0 86.0 5

 6 U.S.-chartered depository institutions 17.4 24.5 29.6 19.6 46.1 45.0 41.7 45.8 57.9 59.7 6

 7 Credit unions 2.2 2.1 2.1 2.0 1.3 1.5 1.9 2.3 2.2 2.1 7

 8 Property-casualty insurance companies 7.2 13.0 11.7 7.6 9.5 10.2 9.1 11.8 14.8 16.8 8

 9 Life insurance companies 109.0 148.8 188.4 121.0 140.8 186.7 184.8 201.7 235.8 246.4 9

 10 Private pension funds 1650.7 1920.6 2083.5 1429.5 1877.0 2136.9 2117.9 2383.8 2884.7 3105.6 10

 11 State and local govt. retirement funds 396.6 441.9 445.1 279.4 327.2 358.4 292.2 306.2 395.5 429.1 11

 12 Rest of the world 162.7 204.7 229.5 137.6 182.4 260.0 370.4 495.4 552.0 622.6 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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122 Historical Annuals, 2005-2014, September 18, 2015

L.225 Trade Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total trade payables 2982.6 3172.4 3372.8 3208.0 3216.0 3370.8 3499.4 3631.5 3814.7 3992.6 1

 2 Household sector 186.3 199.9 214.5 236.7 278.2 248.8 250.0 254.0 255.0 258.1 2

 3 Nonfinancial corporate business 1700.5 1812.9 1897.9 1672.7 1590.1 1746.4 1771.6 1836.9 1943.6 2031.2 3

 4 Nonfinancial noncorporate business 334.5 348.9 374.9 380.7 397.6 427.8 482.7 493.3 513.2 547.0 4

 5 Federal government 202.6 208.8 238.2 260.7 204.5 209.7 218.5 231.9 251.6 270.0 5

 6 State and local governments 482.0 516.2 553.0 591.6 630.5 669.0 707.4 745.5 783.4 822.2 6

 7 Brokers and dealers 43.1 48.3 45.8 21.2 70.1 18.1 14.3 14.2 14.5 17.9 7

 8 Rest of the world 33.6 37.4 48.4 44.4 45.1 51.1 55.1 55.7 53.4 46.2 8

 9 Total trade receivables 2987.8 3035.1 3284.0 3093.2 2980.3 3132.9 3304.3 3378.9 3691.7 3856.3 9

 10 Nonfinancial corporate business 2108.2 2099.0 2261.6 2093.4 2063.9 2157.1 2240.8 2292.8 2570.0 2678.9 10

 11 Nonfinancial noncorporate business 430.9 470.9 525.6 522.7 496.3 533.4 594.4 598.9 616.2 646.3 11

 12 Federal government 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 53.6 55.8 12

 13 State and local governments 142.5 151.3 159.1 143.7 139.1 152.2 157.8 163.1 172.0 180.5 13

 14 Property-casualty insurance companies 82.1 87.0 85.4 86.7 83.0 83.8 87.2 92.0 95.2 100.8 14

 15 ABS issuers 99.8 108.3 111.7 95.5 61.3 51.8 47.6 41.2 35.7 31.3 15

 16 Rest of the world 53.3 59.2 80.0 86.5 93.1 111.8 128.8 140.5 148.8 162.9 16

 17 Discrepancy -5.2 137.3 88.7 114.8 235.6 237.9 195.1 252.6 123.0 136.3 17

L.226 Life Insurance Reserves

Billions of dollars

 1 Total liabilities 1082.6 1163.7 1201.9 1180.2 1242.4 1278.6 1352.3 1359.3 1416.8 1477.4 1

 2 Federal government 42.7 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 51.3 2

 3 Life insurance companies 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 1309.0 1366.3 1426.1 3

 4 Net change in assets 1082.6 1163.7 1201.9 1180.2 1242.4 1278.6 1352.3 1359.3 1416.8 1477.4 4

 5 Households 1082.6 1055.2 1077.2 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 1282.8 5

 6 U.S.-chartered depository institutions 0.0 93.4 104.3 110.7 111.5 116.0 125.5 138.0 143.8 149.6 6

 7 Holding companies 0.0 15.2 20.5 19.3 21.4 25.1 27.6 34.9 39.9 45.0 7
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Historical Annuals, 2005-2014, September 18, 2015 123

L.227 Pension Entitlements

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 1

 2 Life insurance companies (1) 2002.5 2172.1 2294.5 2053.2 2148.8 2344.7 2384.5 2574.0 2843.3 2956.9 2

 3 Private pension funds (2) 5436.9 5850.4 6193.3 5342.2 5989.8 6635.9 6749.9 7276.2 8097.6 8478.7 3

 4 Federal government retirement funds (3) 2494.8 2609.6 2714.0 2758.4 2922.6 3156.4 3261.1 3378.6 3533.0 3667.6 4

 5 State and local govt. retirement funds 3537.1 3851.6 4069.5 4143.9 4389.7 4887.5 5045.7 5252.9 5458.1 5659.4 5

 6 Total assets (Households) (4) 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 6

 Memo:

 7 Individual Retirement Accounts (IRAs) at: (5) 3425.0 4207.0 4748.0 3681.0 4488.0 5029.0 5241.0 5907.0 6966.0 7443.0 7

 8 U.S.-chartered depository institutions 229.1 259.6 281.8 326.0 356.7 383.3 403.6 428.0 427.6 427.8 8

 9 Credit unions 49.3 53.2 58.2 65.5 74.2 77.2 78.4 79.9 79.2 77.6 9

 10 Life insurance companies 381.0 406.0 417.0 368.0 411.0 454.0 470.0 505.0 538.0 556.0 10

 11 Money market mutual funds 143.0 177.0 221.0 268.0 226.0 202.0 211.0 216.0 230.0 219.0 11

 12 Mutual funds 1567.0 1873.0 2110.0 1353.0 1793.0 2106.0 2078.0 2395.0 2923.0 3133.0 12

 13 Other self-directed accounts 1055.6 1438.2 1659.9 1300.5 1627.1 1806.5 1999.9 2283.1 2768.2 3029.6 13

(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), except those at life insurance companies.

(5) Assets of the household sector (L.101). Figures for depositories (lines 8 and 9) include Keogh accounts. Variable annuities in IRAs are included in the life insurance sector (line 10)

 and excluded from the money market mutual fund and mutual fund sectors (lines 11 and 12).

L.228 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 214.5 237.0 167.7 44.0 40.6 53.1 73.4 84.5 96.7 118.9 1

 2 Nonfinancial corporate business 86.2 85.4 35.8 39.0 35.7 42.9 51.7 54.0 44.9 45.0 2

 3 Nonfinancial noncorporate business 86.7 95.7 99.5 106.2 99.9 99.2 99.7 107.4 110.9 117.1 3

 4 U.S.-chartered depository institutions 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 -47.6 -47.4 -32.3 4

 5 Property-casualty insurance companies -1.6 9.4 7.0 -21.1 -15.8 -10.1 -14.5 -10.8 8.4 10.3 5

 6 Life insurance companies -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 -28.3 -30.5 -32.4 6

 7 Finance companies 16.9 17.0 15.5 15.4 12.7 6.0 6.7 6.7 6.8 7.1 7

 8 Brokers and dealers 2.1 2.8 2.2 2.5 5.7 3.6 2.5 3.1 3.7 4.0 8

 9 Total business taxes receivable 193.9 210.5 222.4 242.4 250.9 262.1 272.8 279.9 289.6 310.2 9

 10 Federal government 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.6 165.8 173.0 10

 11 State and local governments 102.3 114.4 117.4 123.0 117.1 117.8 120.0 121.3 123.8 137.2 11

 12 Discrepancy 20.6 26.5 -54.6 -198.4 -210.4 -209.0 -199.4 -195.4 -193.0 -191.4 12

L.229 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 8422.2 8843.6 8932.7 7489.0 6258.5 6894.3 7455.9 8301.0 9403.6 10038.8 1

 2 Nonfinancial noncorporate business 8410.5 8833.9 8920.1 7478.4 6243.7 6878.4 7444.0 8283.8 9387.7 10021.3 2

 3 Brokers and dealers 11.7 9.7 12.6 10.7 14.8 15.9 11.9 17.3 15.9 17.5 3
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124 Historical Annuals, 2005-2014, September 18, 2015

L.230 Direct Investment

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world (1) 2651.7 2948.2 3553.1 3748.5 4077.4 4273.6 4599.5 5017.5 5339.8 5576.0 1

 2 Equity 2463.0 2772.1 3369.1 3574.2 3852.4 4084.8 4405.2 4778.5 5100.5 5342.7 2

 3 Intercompany debt (2) 188.7 176.0 184.0 174.3 224.9 188.7 194.3 239.0 239.3 233.3 3

 4 U.S. parents’ claims 440.6 463.0 510.1 504.2 572.0 586.9 619.1 659.4 687.5 691.5 4

 5 Less: U.S. parents’ liabilities 251.9 287.0 326.1 329.9 347.1 398.1 424.8 420.5 448.3 458.2 5

 6 Asset: Nonfinancial corporate business 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3759.2 4134.4 4447.0 4691.8 6

 7 U.S.-chartered depository institutions 104.9 95.9 150.3 201.5 261.7 280.1 272.5 277.0 268.5 252.9 7

 8 Property-casualty insurance companies 103.3 105.5 121.1 102.6 123.7 99.1 90.2 98.5 105.5 107.1 8

 9 Life insurance companies 19.1 20.0 25.6 25.0 28.9 46.3 54.2 69.1 72.2 72.8 9

 10 Finance companies 17.7 42.0 177.9 221.0 186.9 206.0 221.8 226.3 227.7 226.8 10

 11 Brokers and dealers 201.1 244.1 185.3 187.4 231.0 239.3 201.7 212.3 218.9 224.6 11

 Foreign direct investment in U.S.:

 12 Liab.: Nonfinancial corporate business 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2230.7 2417.2 2612.8 2760.3 12

 13 Nonfinancial noncorporate business 3.3 3.6 3.6 3.7 4.8 5.3 6.1 6.3 7.1 7.9 13

 14 Foreign banking offices in U.S. 130.2 135.4 94.2 71.7 107.7 120.0 176.6 207.7 215.9 219.3 14

 15 Property-casualty insurance companies 60.1 99.9 76.6 51.2 64.7 70.7 73.9 58.1 44.1 47.9 15

 16 Life insurance companies 65.8 71.3 68.7 60.3 69.4 84.3 103.6 105.3 88.1 101.4 16

 17 Finance companies 38.8 51.1 68.6 78.1 90.0 114.7 91.1 88.7 73.4 72.7 17

 18 Brokers and dealers 49.9 61.0 62.6 72.1 64.4 88.5 104.6 110.4 128.6 133.2 18

 19 Funding corporations 8.4 9.0 9.6 10.2 10.8 11.4 12.0 12.6 13.2 13.8 19

 20 Asset: Rest of the world (1) 1906.0 2154.1 2345.9 2397.4 2398.2 2623.6 2798.7 3006.3 3183.2 3356.5 20

 21 Equity 1571.7 1756.5 1892.1 1911.5 1916.7 2129.1 2268.3 2498.0 2669.5 2805.8 21

 22 Intercompany debt 334.3 397.5 453.8 485.9 481.6 494.5 530.4 508.3 513.7 550.7 22

 23 U.S. affiliates’ liabilities 491.5 570.1 710.6 760.8 757.7 773.2 806.1 833.4 891.3 931.2 23

 24 Less: U.S. affiliates’ claims 157.3 172.6 256.9 274.9 276.1 278.7 275.7 325.2 377.6 380.5 24

 Memo:

 Direct investment, asset/liability presentation:

 25 Direct investment assets 3060.9 3407.7 4136.0 4353.3 4700.5 4950.4 5300.0 5763.1 6165.7 6414.7 25

 26 Equity (line 2) 2463.0 2772.1 3369.1 3574.2 3852.4 4084.8 4405.2 4778.5 5100.5 5342.7 26

 27 Intercompany debt 597.9 635.6 767.0 779.1 848.1 865.5 894.8 984.6 1065.2 1072.0 27

 28 U.S. parents’ claims (line 4) 440.6 463.0 510.1 504.2 572.0 586.9 619.1 659.4 687.5 691.5 28

 29 U.S. affiliates’ claims (line 24) 157.3 172.6 256.9 274.9 276.1 278.7 275.7 325.2 377.6 380.5 29

 30 Direct investment liabilities 2315.2 2613.6 2928.9 3002.2 3021.4 3300.5 3499.2 3751.9 4009.1 4195.2 30

 31 Equity (line 21) 1571.7 1756.5 1892.1 1911.5 1916.7 2129.1 2268.3 2498.0 2669.5 2805.8 31

 32 Intercompany debt 743.4 857.1 1036.7 1090.7 1104.7 1171.3 1230.9 1253.9 1339.6 1389.4 32

 33 U.S. parents’ liabilities (line 5) 251.9 287.0 326.1 329.9 347.1 398.1 424.8 420.5 448.3 458.2 33

 34 U.S. affiliates’ liabilities (line 23) 491.5 570.1 710.6 760.8 757.7 773.2 806.1 833.4 891.3 931.2 34

 Alternative valuations of direct investment assets:

 U.S. direct investment abroad:

 35 Market value 3638.0 4470.3 5275.0 3102.4 4322.1 4809.6 4514.3 5222.9 6291.4 6285.3 35

 36 Equity 3449.3 4294.3 5091.0 2928.1 4097.2 4620.9 4320.1 4983.9 6052.1 6052.0 36

 37 Intercompany debt 188.7 176.0 184.0 174.3 224.9 188.7 194.3 239.0 239.3 233.3 37

 38 Historical cost 2241.7 2477.3 2994.0 3232.5 3565.0 3741.9 4050.0 4410.0 4693.3 4920.7 38

 39 Equity 2053.0 2301.2 2810.0 3058.2 3340.1 3553.2 3855.8 4171.0 4454.1 4687.3 39

 40 Intercompany debt 188.7 176.0 184.0 174.3 224.9 188.7 194.3 239.0 239.3 233.3 40

 Foreign direct investment in U.S.:

 41 Market value 2818.0 3293.1 3551.3 2486.4 2995.5 3422.3 3498.7 3915.5 4954.7 5390.1 41

 42 Equity 2483.7 2895.5 3097.5 2000.5 2513.9 2927.8 2968.4 3407.3 4441.0 4839.4 42

 43 Intercompany debt 334.3 397.5 453.8 485.9 481.6 494.5 530.4 508.3 513.7 550.7 43

 44 Historical cost 1634.1 1840.5 1993.2 2046.7 2069.4 2280.0 2433.8 2604.0 2754.7 2901.1 44

 45 Equity 1299.8 1442.9 1539.4 1560.7 1587.9 1785.5 1903.5 2095.8 2241.0 2350.4 45

 46 Intercompany debt 334.3 397.5 453.8 485.9 481.6 494.5 530.4 508.3 513.7 550.7 46

(1) Direct investment is valued on a current-cost basis and presented on a directional basis.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
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Historical Annuals, 2005-2014, September 18, 2015 125

L.231 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 11348.4 11912.2 12836.7 14780.7 14836.6 14860.0 15368.2 16032.8 15523.3 15821.7 1

 2 Household sector 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 29.1 2

 3 Nonfinancial corporate business 2577.3 2522.9 2683.6 2869.4 3140.8 3295.7 3516.8 3672.2 3752.9 3740.4 3

 4 Nonfinancial noncorporate business 857.9 1002.5 1096.4 1210.7 1243.3 1189.0 1168.0 1219.7 1134.5 1140.0 4

 5 Federal government 1503.5 1566.9 1659.0 1704.0 1782.0 1937.3 1970.3 2031.1 2031.3 2061.1 5

 6 State and local governments 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 6

 7 Monetary authority 15.3 18.5 20.6 23.3 28.2 56.9 29.7 33.7 43.5 47.0 7

 8 U.S.-chartered depository institutions 1716.6 1832.7 2013.3 2030.5 2286.8 2247.6 2236.1 2446.4 2516.2 2851.0 8

 9 Foreign banking offices in U.S. 306.8 334.0 402.5 482.7 323.8 293.3 303.4 267.8 234.6 222.8 9

 10 Banks in U.S.-affiliated areas 45.2 40.7 28.8 24.9 29.2 23.3 19.4 17.3 14.3 12.7 10

 11 Credit unions 11.9 9.2 3.6 4.7 19.4 11.1 12.4 12.7 14.2 15.4 11

 12 Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 761.2 796.4 813.4 813.1 827.8 12

 13 Life insurance companies 953.0 1014.9 1098.2 974.6 1090.3 1158.9 1176.5 1222.8 1255.4 1282.5 13

 14 Government-sponsored enterprises 138.5 150.5 168.9 207.0 269.2 179.4 130.2 124.1 114.7 111.0 14

 15 Finance companies 664.0 664.6 585.8 586.7 483.6 157.3 173.0 145.1 134.5 120.1 15

 16 REITs 55.3 63.0 67.6 64.9 59.6 63.7 70.8 96.3 74.6 88.2 16

 17 Brokers and dealers 355.6 458.5 495.8 323.8 385.6 394.6 375.1 367.4 408.7 388.8 17

 18 Holding companies 217.1 296.3 330.2 424.6 550.9 524.6 484.4 822.3 739.4 708.2 18

 19 Funding corporations 781.6 805.0 946.5 1022.5 947.2 895.5 792.7 738.2 651.4 648.5 19

 20 Rest of the world 73.6 116.9 184.7 706.7 188.5 191.2 324.1 184.1 160.8 149.8 20

 21 Total assets 15250.5 17158.7 18658.7 20268.8 20206.6 20782.5 21723.8 22635.3 22819.0 23613.5 21

 22 Household sector 608.7 646.1 712.2 766.3 800.9 808.2 869.7 863.6 912.9 921.4 22

 23 Nonfinancial corporate business 5963.2 6492.9 6987.9 6352.3 6294.1 6707.4 6784.2 6893.1 7339.8 7655.2 23

 24 Nonfinancial noncorporate business 1301.8 1683.6 2014.4 2121.9 2029.5 2134.4 2243.6 2466.0 2509.6 2641.0 24

 25 Federal government 136.4 139.4 141.5 113.5 148.3 143.8 145.6 144.6 150.5 163.0 25

 26 State and local governments 84.5 91.1 98.4 92.9 118.8 96.8 95.7 102.9 108.3 116.0 26

 27 Monetary authority 18.1 17.0 40.5 568.8 74.8 81.6 223.9 199.5 233.1 235.5 27

 28 U.S.-chartered depository institutions 848.9 749.3 825.1 1051.5 837.1 683.0 704.8 602.8 528.1 547.7 28

 29 Foreign banking offices in U.S. 34.2 37.5 45.9 48.9 44.5 29.2 44.2 43.9 57.0 71.3 29

 30 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 11.8 12.0 20.5 33.4 30

 31 Credit unions 25.8 30.9 36.0 32.8 33.0 74.1 61.9 62.7 61.1 66.4 31

 32 Life insurance companies 243.0 283.4 317.3 354.0 328.7 305.6 357.4 375.2 403.0 476.6 32

 33 Private pension funds 520.6 898.3 970.3 1586.6 1541.9 1535.7 1668.4 1583.4 1421.4 1440.3 33

 34 Federal government retirement funds 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 1802.0 34

 35 State and local govt. retirement funds 559.1 525.7 555.6 1534.7 1449.3 1703.3 2003.4 2025.6 1638.4 1622.0 35

 36 Money market mutual funds 32.8 39.6 69.0 35.2 26.9 23.5 22.7 28.8 31.6 17.3 36

 37 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 5.7 -27.4 -8.3 -12.6 37

 38 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 148.5 152.6 165.6 154.7 38

 39 Finance companies 29.0 -26.1 -171.6 -211.7 -151.0 -129.0 -138.7 -169.0 -188.6 -170.6 39

 40 REITs 51.9 59.7 55.4 54.6 64.8 66.1 74.7 100.4 112.6 134.2 40

 41 Brokers and dealers 1001.5 1355.3 1448.3 918.3 910.1 786.0 730.9 645.1 768.3 812.4 41

 42 Holding companies 1631.8 1898.1 2073.7 2388.6 3209.3 3171.5 3232.1 4041.2 4064.3 4175.5 42

 43 Funding corporations 602.8 633.9 751.5 793.5 726.3 667.9 687.6 694.8 707.8 710.8 43

 44 Discrepancy -3902.1 -5246.5 -5822.0 -5488.1 -5370.1 -5922.5 -6355.6 -6602.5 -7295.7 -7791.8 44
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126 Historical Annuals, 2005-2014, September 18, 2015

L.232 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 Federal government equity in IBRD, etc.:

 1 Liab.: Rest of the world 43.8 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 62.4 1

 2 Asset: Federal government 43.8 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 62.4 2

 Federal Reserve Bank stock:

 3 Liab.: Monetary authority 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 27.5 28.6 3

 4 Asset: U.S.-chartered depository institutions 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 27.5 28.6 4

 Equity in government-sponsored enterprises:

 5 Liab.: Government-sponsored enterprises 46.7 46.9 56.0 51.8 51.8 49.0 43.1 41.2 41.7 42.9 5

 6 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.5 0.6 0.7 0.4 0.4 0.6 0.5 0.6 0.6 0.7 6

 7 Nonfinancial noncorporate (FCS) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 7.7 8.5 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 U.S.-chartered depository institutions (FHLB) 38.7 38.5 45.5 39.0 39.7 36.7 30.6 28.4 27.8 27.3 9

 10 Credit unions (FHLB) 1.8 1.9 2.5 2.8 2.4 2.2 2.9 2.9 2.4 2.9 10

 11 Life insurance companies (FHLB) 1.6 1.6 2.2 3.2 2.9 2.9 2.1 2.2 3.2 3.5 11

 Holding company net transactions with subsidiaries:

 12 Liab.: U.S.-chartered depository institutions 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 1937.2 2133.2 12

 13 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.2 5.2 5.3 13

 14 Life insurance companies 35.6 38.3 43.7 31.2 40.5 62.7 72.0 17.2 10.7 11.5 14

 15 Finance companies 195.2 198.5 239.9 232.6 209.3 115.0 94.6 91.1 75.4 62.2 15

 16 Brokers and dealers 110.2 114.5 57.0 155.2 596.1 626.6 613.5 1060.5 1087.6 1092.4 16

 17 Rest of the world 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 97.9 83.3 17

 18 Asset: Holding companies 1357.8 1562.6 1708.1 1891.0 2570.3 2572.7 2655.4 3184.0 3214.0 3387.9 18

 NFC investment in finance company subsidiaries:

 19 Liab.: Finance companies 117.0 140.1 81.5 80.5 71.2 60.7 69.1 71.7 86.4 100.5 19

 20 Asset: Nonfinancial corporate business 117.0 140.1 81.5 80.5 71.2 60.7 69.1 71.7 86.4 100.5 20

 Funding corporations’ investment in subsidiaries:

 21 Liab.: Foreign banking offices in U.S. 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 123.5 103.2 21

 22 Brokers and dealers 414.0 436.5 510.5 516.9 523.2 496.4 549.7 568.8 584.3 607.5 22

 23 Asset: Funding corporations 602.8 633.9 751.5 793.5 726.3 667.9 687.6 694.8 707.8 710.8 23

 Equity investment under Public-Private Inv. Program:

 24 Liab.: Funding corporations 0.0 0.0 0.0 0.0 1.8 7.7 8.8 8.7 8.7 8.7 24

 25 Asset: Households (1) 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 4.4 4.4 25

 26 Federal government 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 4.4 4.4 26

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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Historical Annuals, 2005-2014, September 18, 2015 127

L.233 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.6 2.6 26.6 556.4 12.9 2.7 102.5 11.5 2.9 4.2 1

 2 Asset: Federal government 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2

 3 Monetary authority (1) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 8.9 0.3 1.5 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 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.2 19.0 20.9 15.5 15.9 14.4 12.6 13.7 10.6 9.1 6

 7 Asset: U.S.-chartered depository institutions 19.2 19.0 20.9 15.5 15.9 14.4 12.6 13.7 10.6 9.1 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 29.1 8

 9 Asset: Life insurance companies 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 29.1 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 217.3 232.1 247.6 265.2 273.6 290.7 305.5 303.7 304.2 310.0 10

 11 Accident and health 138.3 149.8 163.3 182.7 192.4 209.4 225.0 222.6 222.8 228.3 11

 12 Policy dividend accumulation 42.7 43.5 43.7 40.4 39.2 39.7 37.9 38.3 38.5 38.8 12

 13 Contract claims 36.3 38.8 40.6 42.1 42.0 41.6 42.6 42.8 42.8 42.9 13

 14 Asset: Household sector 217.3 232.1 247.6 265.2 273.6 290.7 305.5 303.7 304.2 310.0 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 761.2 796.4 802.1 807.8 822.5 15

 16 Asset: Household sector 316.0 320.5 327.3 337.3 346.0 310.8 338.4 320.7 357.4 349.8 16

 17 Nonfinancial corporate business 283.9 291.5 299.8 310.9 307.0 318.7 331.0 339.0 333.2 343.2 17

 18 Nonfinancial noncorporate business 99.3 103.7 107.4 111.6 101.8 131.7 127.0 142.5 117.2 129.6 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 533.2 548.3 587.6 448.9 587.0 617.5 623.4 640.0 656.1 668.1 19

 20 Asset: Private pension funds 407.6 407.1 435.1 339.5 451.4 466.5 483.7 503.5 525.2 531.6 20

 21 State and local government retirement funds 125.6 141.2 152.5 109.4 135.6 151.1 139.7 136.4 130.8 136.5 21

 Pension fund contributions payable:

 22 Liab.: Nonfinancial corporate business 44.8 64.7 69.3 84.0 75.4 90.8 93.8 81.4 79.0 77.9 22

 23 Asset: Private pension funds 44.8 64.7 69.3 84.0 75.4 90.8 93.8 81.4 79.0 77.9 23

 Securities borrowed (net):

 24 Liab.: Funding corporations 939.7 1242.3 1240.2 887.0 856.8 733.4 658.7 579.5 673.5 720.6 24

 25 Asset: Brokers and dealers 939.7 1242.3 1240.2 887.0 856.8 733.4 658.7 579.5 673.5 720.6 25

 Retiree health care funds (2):

 26 Liab.: Federal government 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 246.9 257.3 26

 27 Asset: Household sector 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 246.9 257.3 27

 Claims of pension fund on sponsor (3):

 28 Liab.: Nonfinancial corporate business -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 166.3 28

 29 Federal government 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 1802.0 29

 30 State and local governments 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 30

 31 Asset: Private pension funds -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 166.3 31

 32 Federal government retirement funds 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 1802.0 32

 33 State and local govt. retirement funds 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 1377.1 33

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

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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128 Historical Annuals, 2005-2014, September 18, 2015

L.234 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Total liabilities 4866.8 4810.5 5297.7 5142.5 5231.5 5050.1 4955.5 5277.5 5203.1 5235.7 1

 2 Nonfinancial corporate business 2562.7 2487.0 2635.9 2110.3 2566.0 2756.3 2905.4 3199.7 3492.2 3496.2 2

 3 Nonfinancial noncorporate business 857.9 1002.5 1096.4 1210.7 1243.3 1189.0 1168.0 1219.7 1134.5 1140.0 3

 4 Federal government 5.4 5.1 4.9 4.3 4.0 3.6 3.2 2.8 2.3 1.8 4

 5 Monetary authority 1.8 3.2 2.2 2.2 2.5 30.4 2.8 6.3 16.0 18.4 5

 6 U.S.-chartered depository institutions 726.9 689.8 756.4 660.0 687.3 614.7 527.1 557.2 578.9 717.8 6

 7 Foreign banking offices in U.S. 118.0 136.6 161.5 206.0 120.7 121.7 165.6 141.7 111.1 119.6 7

 8 Banks in U.S.-affiliated areas 45.2 40.7 28.8 24.9 29.2 23.3 19.4 17.3 14.3 12.7 8

 9 Credit unions 11.9 9.2 3.6 4.7 19.4 11.1 12.4 12.7 14.2 15.4 9

 10 Life insurance companies 166.9 196.3 219.3 229.3 189.1 187.9 175.5 261.9 284.5 292.9 10

 11 Government-sponsored enterprises 72.6 84.7 92.0 139.7 201.6 115.9 74.5 69.2 62.4 59.0 11

 12 Finance companies 351.8 326.0 264.4 273.7 203.1 -18.4 9.3 -17.7 -27.2 -42.6 12

 13 REITs 55.3 63.0 67.6 64.9 59.6 63.7 70.8 96.3 74.6 88.2 13

 14 Brokers and dealers -168.5 -92.5 -71.7 -348.3 -733.7 -728.3 -788.1 -1261.8 -1263.1 -1311.1 14

 15 Holding companies 217.1 296.3 330.2 424.6 550.9 524.6 484.4 822.3 739.4 708.2 15

 16 Funding corporations -158.1 -437.4 -293.7 135.5 88.5 154.5 125.2 149.9 -30.9 -80.8 16

 17 Total assets 8768.8 10057.0 11119.7 10630.6 10601.5 10972.6 11311.1 11880.0 12498.9 13027.6 17

 18 Nonfinancial corporate business 5561.7 6060.7 6605.8 5960.5 5915.5 6327.4 6383.6 6481.9 6919.6 7210.8 18

 19 Nonfinancial noncorporate business 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2109.5 2316.4 2384.6 2503.0 19

 20 Federal government 89.9 91.0 91.4 62.0 94.3 84.5 83.2 79.8 83.4 93.6 20

 21 State and local governments 84.5 91.1 98.4 92.9 118.8 96.8 95.7 102.9 108.3 116.0 21

 22 Monetary authority 18.1 17.0 16.5 15.1 64.6 81.5 124.0 190.6 232.8 233.9 22

 23 U.S.-chartered depository institutions 777.5 676.5 740.2 975.9 755.9 605.3 634.8 533.3 462.2 482.8 23

 24 Foreign banking offices in U.S. 34.2 37.5 45.9 48.9 44.5 29.2 44.2 43.9 57.0 71.3 24

 25 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 11.8 12.0 20.5 33.4 25

 26 Credit unions 24.1 28.9 33.5 30.0 30.6 71.9 59.1 59.8 58.8 63.5 26

 27 Life insurance companies 219.0 258.9 291.2 323.8 303.7 278.0 331.0 348.1 371.9 444.0 27

 28 Private pension funds 98.3 455.3 487.5 487.9 515.7 529.9 573.3 607.4 635.5 664.5 28

 29 State and local govt. retirement funds 79.8 107.9 110.2 92.5 82.1 97.5 99.1 95.9 106.2 108.4 29

 30 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 5.7 -27.4 -8.3 -12.6 30

 31 Money market mutual funds 32.8 39.6 69.0 35.2 26.9 23.5 22.7 28.8 31.6 17.3 31

 32 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 148.5 152.6 165.6 154.7 32

 33 Finance companies 29.0 -26.1 -171.6 -211.7 -151.0 -129.0 -138.7 -169.0 -188.6 -170.6 33

 34 REITs 51.9 59.7 55.4 54.6 64.8 66.1 74.7 100.4 112.6 134.2 34

 35 Brokers and dealers 61.8 113.0 208.1 31.3 53.2 52.6 72.2 65.6 94.8 91.7 35

 36 Holding companies 274.0 335.5 365.7 497.6 638.9 598.9 576.7 857.2 850.3 787.6 36

 37 Discrepancy -3902.1 -5246.5 -5822.0 -5488.1 -5370.1 -5922.5 -6355.6 -6602.5 -7295.7 -7791.8 37
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Historical Annuals, 2005-2014, September 18, 2015 129

B.101 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Assets 74051.9 79843.3 81232.7 70868.9 72453.5 76356.9 77410.7 83556.3 93161.4 97589.0 1

 2 Nonfinancial assets 28540.1 29460.8 28158.3 24796.1 23727.4 23365.5 23395.2 25107.6 27688.0 29118.3 2

 3 Real estate 24146.7 24851.4 23348.9 19861.9 18771.0 18397.0 18269.6 19841.0 22319.6 23634.6 3

 4 Households (2,3) 22038.5 22508.1 20674.1 17460.6 17001.2 16422.5 16108.7 17535.3 19651.3 20713.8 4

 5 Nonprofit organizations 2108.2 2343.3 2674.7 2401.3 1769.8 1974.4 2160.9 2305.7 2668.3 2920.8 5

 6 Equipment (nonprofits) (4) 206.1 226.0 245.8 264.0 271.9 280.1 293.0 301.8 309.1 320.0 6

 7 Intellectual property products (nonprofits) (4) 79.5 82.8 87.6 91.6 96.4 101.8 109.4 115.9 121.5 125.9 7

 8 Consumer durable goods (4) 4107.8 4300.5 4476.0 4578.6 4588.1 4586.7 4723.3 4848.9 4937.8 5037.8 8

 9 Financial assets 45511.8 50382.6 53074.3 46072.8 48726.1 52991.4 54015.5 58448.7 65473.4 68470.7 9

 10 Deposits 6258.2 6901.6 7562.3 8181.5 8099.1 8072.8 8711.3 9234.2 9588.8 10127.4 10

 11 Foreign deposits 63.8 69.9 87.7 69.9 62.7 67.3 57.4 49.5 51.7 45.3 11

 12 Checkable deposits and currency 285.9 239.7 153.3 295.2 396.1 423.7 724.1 887.4 1008.1 1115.7 12

 13 Time and savings deposits 4965.0 5484.1 5973.6 6234.6 6326.0 6450.8 6820.1 7187.1 7393.2 7864.2 13

 14 Money market fund shares 943.4 1107.9 1347.6 1581.9 1314.2 1131.0 1109.9 1110.2 1135.7 1102.1 14

 15 Debt securities 3321.6 3275.5 3808.1 4255.6 4635.2 4734.7 4220.8 4060.9 3671.6 3181.5 15

 16 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 18.8 15.0 14.9 16

 17 Treasury securities 427.6 329.6 207.7 187.1 858.8 1127.3 707.3 908.7 960.3 895.5 17

 18 Agency- and GSE-backed securities 590.5 617.9 880.1 1063.1 362.3 340.3 356.7 288.2 276.7 52.6 18

 19 Municipal securities 1600.6 1635.6 1673.6 1720.9 1827.9 1871.5 1805.8 1661.0 1605.2 1538.0 19

 20 Corporate and foreign bonds 604.5 575.0 939.5 1278.5 1563.5 1374.5 1331.7 1184.2 814.4 680.4 20

 21 Loans 772.9 912.5 1132.9 973.6 928.3 929.9 924.9 926.6 977.7 1031.8 21

 22 Other loans and advances (5) 632.1 709.7 934.6 767.2 728.5 751.4 749.5 777.9 841.4 893.2 22

 23 Mortgages 140.8 123.6 110.7 111.8 110.9 100.1 100.9 83.0 77.0 85.0 23

 24 Consumer credit (student loans) 0.0 79.2 87.6 94.6 88.8 78.4 74.5 65.6 59.3 53.6 24

 25 Corporate equities (2) 8049.5 10177.3 9978.0 5810.0 7318.1 8760.8 8564.4 9761.6 12643.3 13323.9 25

 26 Mutual fund shares (6) 3524.8 4087.0 4599.7 3248.7 4125.6 4628.8 4628.1 5632.9 7110.5 7800.4 26

 27 Life insurance reserves 1082.6 1055.2 1077.2 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 1282.8 27

 28 Pension entitlements (7) 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 20762.7 28

 29 Equity in noncorporate business (8) 8422.2 8843.6 8932.7 7489.0 6258.5 6894.3 7455.9 8301.0 9403.6 10038.8 29

 30 Miscellaneous assets 608.7 646.1 712.2 766.3 800.9 808.2 869.7 863.6 912.9 921.4 30

 31 Liabilities 12162.2 13460.8 14395.0 14278.7 14062.8 13782.1 13570.9 13634.2 13790.5 14163.3 31

 32 Debt securities (municipal securities) (10) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 227.8 223.1 32

 33 Loans 11740.9 13009.0 13906.4 13755.5 13497.1 13245.4 13041.1 13114.4 13279.7 13653.0 33

 34 Home mortgages (9) 8912.5 9910.2 10613.0 10580.1 10419.3 9915.4 9695.8 9486.7 9403.7 9403.2 34

 35 Consumer credit 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 3311.9 35

 36 Depository institution loans n.e.c. -16.5 30.9 21.8 26.4 -15.9 61.0 11.5 62.6 92.7 212.9 36

 37 Other loans and advances 351.5 415.9 452.5 298.0 336.7 414.3 376.9 443.1 480.5 513.7 37

 38 Commercial mortgages (10) 172.8 190.7 204.0 200.9 204.7 207.7 201.4 199.1 204.0 211.3 38

 39 Trade payables (10) 186.3 199.9 214.5 236.7 278.2 248.8 250.0 254.0 255.0 258.1 39

 40 Deferred and unpaid life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 29.1 40

 41 Net worth 61889.6 66382.5 66837.6 56590.1 58390.8 62574.8 63839.8 69922.1 79371.0 83425.7 41

 Memo:

 42 Assets held in IRAs (11) 3425.0 4207.0 4748.0 3681.0 4488.0 5029.0 5241.0 5907.0 6966.0 7443.0 42

 43 Assets held in 529 college plans (11) 82.6 105.7 129.9 104.8 133.7 157.4 164.9 190.7 227.1 247.9 43

 44 College savings plans 68.7 90.0 112.3 89.1 117.0 138.2 145.0 168.6 205.2 223.9 44

 45 Prepaid tuition plans 13.9 15.7 17.6 15.8 16.7 19.2 19.8 22.1 21.9 24.0 45

 Replacement-cost value of structures:

 46 Residential 12243.6 13114.3 13273.8 12985.7 12680.7 12730.1 12845.4 13246.2 14237.1 15148.4 46

 47 Households 12052.3 12911.9 13067.9 12780.0 12479.0 12526.6 12641.9 13035.9 14014.1 14914.6 47

 48 Nonprofit organizations 191.3 202.4 205.9 205.6 201.7 203.5 203.4 210.3 223.0 233.8 48

 49 Nonresidential (nonprofits) 1183.4 1301.9 1379.8 1458.7 1409.3 1420.7 1464.6 1501.4 1577.5 1632.7 49

 50 Disposable personal income (DPI) (SAAR) 9400.8 10036.9 10507.0 10994.4 10942.5 11237.9 11801.4 12403.7 12395.6 12913.9 50

 51 Net worth/DPI (percent) (line 42/line 51) 658.3 661.4 636.1 514.7 533.6 556.8 541.0 563.7 640.3 646.0 51

 52 Owners’ equity in real estate (line 4 less line 33) 13126.0 12597.9 10061.1 6880.5 6581.9 6507.1 6412.9 8048.6 10247.6 11310.6 52

 53 Owners’ equity/real estate (percent) (line 53/line 4) 59.6 56.0 48.7 39.4 38.7 39.6 39.8 45.9 52.1 54.6 53

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts.

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

(5) Includes cash accounts at brokers and dealers and syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

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

(8) Net worth of nonfinancial noncorporate business (table B.104, line 34) and owners’ equity in unincorporated security brokers and dealers.

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

(10) Liabilities of nonprofit organizations.

(11) Included in assets shown on the household balance sheet.
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130 Historical Annuals, 2005-2014, September 18, 2015

B.103 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 26068.3 28197.0 31171.6 29515.0 27183.5 28957.9 30504.0 31944.5 34878.8 37004.6 1

 2 Nonfinancial assets 14167.7 15537.6 17418.9 16591.7 13866.1 14941.1 15995.0 16856.1 18538.8 19903.1 2

 3 Real estate (1) 7924.0 8892.3 10381.5 9359.9 6767.6 7545.7 8230.6 8797.2 10196.2 11259.9 3

 4 Equipment (2) 3297.8 3513.6 3673.4 3857.2 3793.1 3853.6 4008.0 4139.4 4269.8 4442.8 4

 5 Intellectual property products (2) 1322.0 1401.1 1492.3 1564.1 1600.7 1669.1 1746.9 1819.4 1920.0 2002.7 5

 6 Inventories (2) 1623.9 1730.5 1871.7 1810.5 1704.6 1872.7 2009.6 2100.0 2152.9 2197.7 6

 7 Financial assets 11900.6 12659.5 13752.8 12923.2 13317.5 14016.8 14508.9 15088.4 16340.0 17101.5 7

 8 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 35.4 78.1 71.4 8

 9 Checkable deposits and currency 268.0 150.7 143.1 84.2 154.9 234.5 265.3 219.8 305.3 376.3 9

 10 Time and savings deposits 450.4 497.0 441.3 311.9 488.8 548.7 561.9 595.2 636.2 646.8 10

 11 Money market fund shares 352.2 421.3 548.5 727.0 655.5 497.8 462.4 519.4 559.1 565.2 11

 12 Security repurchase agreements 14.6 15.5 8.1 7.2 7.9 12.1 12.6 9.7 8.8 13.5 12

 13 Debt securities 212.6 211.4 149.7 124.1 140.4 155.9 147.4 135.0 113.0 95.5 13

 14 Commercial paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 59.5 38.2 31.6 14

 15 Treasury securities 52.1 45.5 38.3 30.5 43.0 48.0 43.0 39.4 42.8 38.0 15

 16 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 16.0 14.3 13.1 10.3 12.7 16

 17 Municipal securities 32.1 28.1 29.2 26.2 27.1 23.9 22.3 22.9 21.8 13.2 17

 18 Loans 127.8 108.3 91.4 81.2 73.3 72.9 74.3 74.0 71.6 72.1 18

 19 Mortgages 68.3 59.8 41.4 33.6 29.5 28.0 27.4 25.5 27.4 29.2 19

 20 Consumer credit 59.6 48.5 50.0 47.5 43.8 45.0 46.9 48.4 44.2 43.0 20

 21 Mutual fund shares (1) 134.4 173.2 178.0 106.3 162.0 186.8 165.9 179.6 211.0 234.9 21

 22 Trade receivables 2108.2 2099.0 2261.6 2093.4 2063.9 2157.1 2240.8 2292.8 2570.0 2678.9 22

 23 U.S. direct investment abroad (3) 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3759.2 4134.4 4447.0 4691.8 23

 24 Miscellaneous assets 5963.2 6492.9 6987.9 6352.3 6294.1 6707.4 6784.2 6893.1 7339.8 7655.2 24

 25 Liabilities 11181.8 11821.0 12915.4 13224.3 12903.6 13226.7 13878.4 14695.5 15474.9 16187.2 25

 26 Debt securities 2987.8 3138.2 3337.7 3527.8 3707.5 3944.7 4148.3 4500.6 4803.4 5106.4 26

 27 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 144.5 182.4 27

 28 Municipal securities (4) 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 518.5 518.4 28

 29 Corporate bonds (3) 2670.4 2745.0 2864.9 2981.4 3196.9 3376.4 3538.1 3861.1 4140.4 4405.5 29

 30 Loans 2280.5 2539.0 2998.4 3065.1 2443.2 2068.3 2159.3 2214.7 2317.3 2504.0 30

 31 Depository institution loans n.e.c. 590.9 612.9 715.7 779.9 545.8 477.1 569.2 658.7 708.8 794.5 31

 32 Other loans and advances 903.4 1028.4 1316.0 1383.9 1139.0 948.1 1008.3 1036.9 1063.1 1145.1 32

 33 Mortgages 786.1 897.6 966.7 901.3 758.3 643.0 581.8 519.1 545.4 564.3 33

 34 Trade payables 1700.5 1812.9 1897.9 1672.7 1590.1 1746.4 1771.6 1836.9 1943.6 2031.2 34

 35 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 51.7 54.0 44.9 45.0 35

 36 Foreign direct investment in U.S. 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2230.7 2417.2 2612.8 2760.3 36

 37 Miscellaneous liabilities 2577.3 2522.9 2683.6 2869.4 3140.8 3295.7 3516.8 3672.2 3752.9 3740.4 37

 38 Net worth (market value) 14886.5 16376.0 18256.2 16290.7 14279.9 15731.2 16625.6 17249.0 19403.8 20817.4 38

 Memo:

 Replacement-cost value of structures:

 39 Residential 148.0 159.2 164.9 166.1 163.5 166.3 165.7 171.0 178.2 184.2 39

 40 Nonresidential 5883.5 6429.6 6796.8 7287.2 6901.5 7123.9 7425.5 7678.2 7976.6 8227.1 40

 41 Market value of equities outstanding 12686.6 14602.3 15730.7 10016.6 12512.2 14356.5 14369.4 15961.6 20717.0 22228.7 41

 42 Debt/net worth (percent) (line 25/line 36) 35.4 34.7 34.7 40.5 43.1 38.2 37.9 38.9 36.7 36.6 42

 43 Debt/equities (percent) (line 25/line 39) 41.5 38.9 40.3 65.8 49.2 41.9 43.9 42.1 34.4 34.2 43

 44 Equities/net worth (percent) (line 39/line 36) 85.2 89.2 86.2 61.5 87.6 91.3 86.4 92.5 106.8 106.8 44

 With nonfinancial assets stated at historical cost:

 45 Assets (sum of lines 7 and 46) 21025.0 22320.9 23954.4 23534.7 23978.6 25006.1 25957.6 27053.5 28828.6 30151.6 45

 46 Nonfinancial assets 9124.4 9661.5 10201.7 10611.5 10661.2 10989.4 11448.7 11965.2 12488.6 13050.0 46

 47 Real estate 3308.0 3522.2 3782.5 4044.6 4213.2 4377.1 4537.7 4726.7 4929.3 5157.0 47

 48 Equipment 3064.7 3219.1 3371.1 3474.4 3445.1 3482.4 3592.0 3744.2 3894.2 4067.6 48

 49 Intellectual property products 1232.4 1306.0 1384.5 1462.9 1510.0 1570.3 1637.6 1708.9 1789.5 1880.8 49

 50 Inventories 1519.3 1614.2 1663.6 1629.5 1492.7 1559.5 1681.4 1785.3 1875.7 1944.6 50

 51 Net worth (historical cost) (line 43 less line 24) 9843.3 10499.9 11039.0 10310.4 11075.0 11779.4 12079.2 12358.0 13353.7 13964.4 51

 Memo:

 Historical-cost value of structures:

 52 Residential 66.4 71.5 75.8 79.0 80.7 81.6 82.7 84.5 87.0 90.1 52

 53 Nonresidential 2865.8 3046.0 3268.8 3521.2 3686.2 3808.7 3949.4 4128.7 4317.2 4531.9 53

 54 Debt/net worth (percent) (line 25/line 49) 53.5 54.1 57.4 63.9 55.5 51.0 52.2 54.3 53.3 54.5 54

(1) At market value.

(2) At replacement (current) cost.

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

(4) 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.
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Historical Annuals, 2005-2014, September 18, 2015 131

B.104 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Assets 12591.0 13598.0 14269.6 13273.6 11974.7 12550.5 13147.1 14177.9 15338.4 16233.7 1

 2 Nonfinancial assets 9994.2 10481.4 10673.5 9580.2 8398.4 8822.2 9221.9 9951.6 11031.9 11696.0 2

 3 Real estate (1) 9053.7 9478.5 9596.7 8462.3 7296.4 7666.3 7993.2 8684.9 9725.3 10331.2 3

 4 Residential 5815.2 5899.2 5552.0 4750.0 4273.4 4411.2 4600.4 4976.4 5541.9 5805.7 4

 5 Nonresidential 3238.5 3579.3 4044.7 3712.3 3023.0 3255.2 3392.8 3708.5 4183.4 4525.4 5

 6 Equipment (2) 574.4 620.5 659.4 699.6 696.3 709.2 740.7 772.6 804.9 838.2 6

 7 Residential (3) 41.7 44.4 45.5 46.6 44.0 42.2 43.9 44.4 43.5 42.3 7

 8 Nonresidential 532.7 576.1 613.9 653.0 652.4 667.0 696.8 728.3 761.5 795.9 8

 9 Intellectual property products (2) 147.6 159.5 170.1 178.6 183.2 189.9 196.6 204.7 214.6 223.3 9

 10 Inventories (2) 218.4 222.8 247.3 239.6 222.5 256.9 291.3 289.3 287.1 303.3 10

 11 Financial assets 2596.8 3116.6 3596.1 3693.4 3576.3 3728.3 3925.1 4226.3 4306.5 4537.7 11

 12 Checkable deposits and currency 374.2 448.8 515.7 519.5 534.4 531.6 556.3 615.5 619.0 653.9 12

 13 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 356.2 362.2 372.3 383.1 409.2 13

 14 Money market fund shares 69.0 72.2 74.3 75.4 73.7 76.8 77.7 80.7 83.0 87.1 14

 15 Debt securities 60.6 62.1 64.6 56.7 51.2 53.7 54.8 59.0 60.7 63.7 15

 16 Treasury securities 56.2 56.3 59.3 51.8 46.1 48.1 48.9 52.9 54.5 57.1 16

 17 Municipal securities 4.4 5.8 5.3 4.9 5.1 5.6 5.9 6.1 6.3 6.6 17

 18 Loans 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 36.5 18

 19 Mortgages 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 36.5 19

 20 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Trade receivables 430.9 470.9 525.6 522.7 496.3 533.4 594.4 598.9 616.2 646.3 21

 22 Miscellaneous assets 1301.8 1683.6 2014.4 2121.9 2029.5 2134.4 2243.6 2466.0 2509.6 2641.0 22

 23 Insurance receivables 99.3 103.7 107.4 111.6 101.8 131.7 127.0 142.5 117.2 129.6 23

 24 Equity investment in GSEs (4) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 7.7 8.5 24

 25 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2109.5 2316.4 2384.6 2503.0 25

 26 Liabilities 4180.5 4764.1 5349.5 5795.2 5731.0 5672.2 5703.0 5894.1 5950.7 6212.4 26

 27 Loans 2898.0 3313.4 3775.1 4094.0 3985.4 3950.9 3946.6 4067.4 4185.1 4400.4 27

 28 Depository institution loans n.e.c. 670.5 785.8 926.7 1046.2 944.2 927.4 960.9 1021.4 1067.4 1138.5 28

 29 Other loans and advances 134.6 151.5 165.2 177.4 172.1 170.8 171.3 180.6 186.6 196.1 29

 30 Mortgages 2092.9 2376.1 2683.3 2870.3 2869.0 2852.7 2814.3 2865.4 2931.0 3065.9 30

 31 Trade payables 334.5 348.9 374.9 380.7 397.6 427.8 482.7 493.3 513.2 547.0 31

 32 Taxes payable 86.7 95.7 99.5 106.2 99.9 99.2 99.7 107.4 110.9 117.1 32

 33 Foreign direct investment in U.S. 3.3 3.6 3.6 3.7 4.8 5.3 6.1 6.3 7.1 7.9 33

 34 Miscellaneous liabilities 857.9 1002.5 1096.4 1210.7 1243.3 1189.0 1168.0 1219.7 1134.5 1140.0 34

 35 Net worth (5) 8410.5 8833.9 8920.1 7478.4 6243.7 6878.4 7444.0 8283.8 9387.7 10021.3 35

 Memo:

 Replacement-cost value of structures:

 36 Residential 2710.3 2866.0 2910.1 2881.7 2815.4 2839.6 2831.2 2897.1 3029.3 3140.5 36

 37 Nonresidential 1429.4 1559.6 1647.4 1750.0 1661.6 1680.2 1730.1 1780.8 1856.9 1924.3 37

 38 Debt/net worth (percent) (line 26/line 34) 34.5 37.5 42.3 54.7 63.8 57.4 53.0 49.1 44.6 43.9 38

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Included in table B.101, line 29.
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132 Historical Annuals, 2005-2014, September 18, 2015

R.101 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Change in net worth (1) 5923.5 4492.9 455.1 -10247.5 1800.6 4184.1 1265.0 6082.3 9448.9 4054.7 1

 2 Net investment 468.1 354.6 805.6 1423.9 691.3 997.1 1490.3 1328.0 1200.7 1067.2 2

 3 Net physical investment 749.0 696.4 545.5 293.1 109.8 134.9 164.8 259.9 304.5 335.3 3

 4 Capital expenditures 1908.1 1930.2 1834.7 1613.6 1429.3 1448.9 1501.3 1627.0 1717.1 1793.4 4

 5 - Consumption of fixed capital 1159.2 1233.8 1289.2 1320.5 1319.5 1314.0 1336.5 1367.0 1412.5 1458.1 5

 6 Net lending (+) or net borrowing (-) -280.8 -341.8 260.2 1130.8 581.6 862.1 1325.5 1068.0 896.2 731.9 6

 7 Net acquisition of financial assets 878.3 933.3 1222.4 1140.8 658.0 756.5 1255.4 1333.6 1140.2 1149.8 7

 8 - Net increase in liabilities 1159.2 1275.1 962.3 10.0 76.5 -105.7 -70.1 265.5 244.0 417.8 8

 Holding gains on assets

 9 at market value (2) 5424.8 3708.7 -427.1 -11612.8 583.6 2466.0 -120.6 4503.8 8024.7 2964.6 9

 10 Real estate 2877.2 274.3 -1786.4 -3609.5 -1127.7 -398.9 -155.1 1516.4 2368.4 1197.6 10

 11 Corporate equities 1045.0 2222.8 846.4 -3862.4 1526.7 1633.0 35.5 1399.8 2720.9 626.3 11

 12 Mutual fund shares 38.7 344.5 230.9 -1451.2 612.4 338.4 -214.1 423.5 963.8 285.1 12

 13 Equity in noncorporate business 1192.2 426.9 134.3 -1139.9 -1134.4 453.4 382.6 706.4 1021.6 593.5 13

 14 Life insurance reserves 7.2 15.5 3.4 -86.9 34.8 21.7 -7.4 18.9 27.5 4.4 14

 15 Pension entitlements 264.5 424.6 144.4 -1462.9 672.1 419.4 -161.9 438.9 922.6 257.7 15

 16 Equity investment under PPIP 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 0.0 0.0 16

 Holding gains on assets

 17 at current cost (2) -46.8 -48.3 -59.0 -34.5 -47.4 -91.1 22.4 -40.9 -90.3 -100.6 17

 18 Consumer durable goods -44.1 -46.9 -55.6 -32.0 -40.8 -88.3 17.7 -41.5 -92.6 -102.1 18

 19 Equipment -2.6 -0.6 -3.1 -1.3 -4.7 -2.4 2.5 -0.7 -0.1 1.0 19

 20 Intellectual property products -0.1 -0.8 -0.3 -1.2 -2.0 -0.4 2.2 1.2 2.4 0.6 20

 21 Other volume changes (3) 77.3 478.0 135.6 -24.1 573.2 812.1 -127.1 291.4 313.8 123.5 21

 Memo:

 22 Net worth outstanding (4) 61889.6 66382.5 66837.6 56590.1 58390.8 62574.8 63839.8 69922.1 79371.0 83425.7 22

 23 Disposable personal income 9400.8 10036.9 10507.0 10994.4 10942.5 11237.9 11801.4 12403.7 12395.6 12913.9 23

(1) Sum of net investment (line 2), holding gains (lines 9 and 17), and other volume changes (line 21).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.101, line 42.
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Historical Annuals, 2005-2014, September 18, 2015 133

R.103 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Change in net worth (1) 1400.9 1489.4 1880.2 -1965.6 -2010.7 1451.2 894.4 623.5 2154.8 1413.6 1

 2 Net investment -6.7 -241.1 -521.4 -959.2 421.0 78.5 -589.8 -493.1 16.3 -247.9 2

 3 Net physical investment 314.4 394.8 393.1 304.1 -76.3 184.0 262.4 330.8 304.9 385.9 3

 4 Capital expenditures 1191.7 1337.3 1394.4 1360.0 1020.8 1235.4 1331.9 1501.2 1539.4 1667.3 4

 5 - Consumption of fixed capital 909.4 978.2 1040.8 1092.9 1090.4 1092.4 1137.8 1184.6 1231.3 1284.3 5

 6 - Inventory valuation adjustment -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -68.3 -14.2 3.2 -2.9 6

 7 Net lending (+) or net borrowing (-) -20.9 -139.0 -208.2 -947.7 548.5 145.2 -397.5 -479.0 64.3 -246.3 7

 8 Net acquisition of financial assets 944.5 700.1 1072.8 -608.8 299.8 632.7 496.8 506.3 1069.0 672.7 8

 9 - Net increase in liabilities 965.4 839.1 1281.0 338.9 -248.7 487.6 894.3 985.3 1004.7 919.0 9

 10 Net corporate equity issues -300.2 -496.9 -706.3 -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 -387.5 10

 Holding gains on assets

 11 at market value (2) 819.4 887.6 1353.3 -1207.6 -2625.9 738.2 632.1 514.5 1358.6 969.6 11

 12 Real estate 811.2 872.4 1343.6 -1152.4 -2646.3 724.6 640.2 499.1 1328.2 961.1 12

 13 Mutual fund shares 8.1 15.2 9.7 -55.2 20.4 13.6 -8.1 15.4 30.4 8.5 13

 Holding gains on assets less

 14 liabilities at current cost (2) 165.9 135.3 241.2 1.4 151.3 1.9 181.2 101.7 49.6 -92.5 14

 15 Equipment 45.0 70.9 22.6 99.9 -16.1 41.1 76.6 13.5 12.9 32.5 15

 16 Intellectual property products 27.9 20.5 30.2 13.2 3.1 22.5 27.9 19.9 39.0 12.7 16

 17 Inventories (3) 47.7 9.2 70.4 -68.4 31.6 69.1 33.7 10.5 0.9 -21.3 17

 18 Direct investment abroad 86.3 15.9 145.1 -144.4 -35.7 -145.6 -47.6 56.0 7.6 -66.1 18

 19 - Foreign direct investment in U.S. 41.0 -18.8 27.1 -101.2 -168.5 -14.8 -90.7 -1.9 10.8 50.3 19

 20 Other volume changes (4) 422.2 707.6 807.1 199.8 42.8 632.7 670.8 500.3 730.3 784.5 20

 Memo:

 21 Net worth outstanding (5) 14886.5 16376.0 18256.2 16290.7 14279.9 15731.2 16625.6 17249.0 19403.8 20817.4 21

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 20).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 36.
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134 Historical Annuals, 2005-2014, September 18, 2015

R.104 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Change in net worth (1) 1114.4 423.4 86.2 -1441.8 -1234.6 634.6 565.7 839.7 1104.0 633.6 1

 2 Net capital transfers paid -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 0.0 2

 3 Net investment -38.5 1.3 -50.3 -314.4 -102.2 174.1 176.0 138.7 82.1 37.1 3

 4 Net physical investment 67.0 63.9 57.0 40.4 -38.8 -21.7 16.7 35.6 62.8 70.1 4

 5 Capital expenditures 289.0 304.6 311.4 305.7 227.9 245.1 281.7 308.6 347.4 367.6 5

 6 - Consumption of fixed capital 221.9 240.7 254.3 265.3 266.7 266.9 265.0 273.0 284.5 297.5 6

 7 Net lending (+) or net borrowing (-) -54.0 -63.9 -57.0 -37.1 44.8 29.5 -15.1 -30.7 -62.8 -70.1 7

 8 Net acquisition of financial assets 437.3 519.9 479.5 97.3 -117.1 152.0 196.9 301.1 80.2 231.2 8

 9 - Net increase in liabilities 491.3 583.8 536.5 134.4 -161.8 122.4 211.9 331.8 143.0 301.4 9

 10 Proprietor’s net investment (2) -51.6 1.3 -50.3 -317.7 -108.2 166.4 174.4 133.7 82.1 37.1 10

 11 Holding gains on real estate (3) 1142.3 387.3 81.1 -1164.9 -1168.9 386.1 336.6 692.0 1027.6 585.4 11

 12 Residential 800.4 55.9 -365.6 -802.9 -466.6 154.7 203.8 389.9 566.4 260.7 12

 13 Nonresidential 341.9 331.4 446.7 -362.1 -702.2 231.4 132.8 302.2 461.2 324.7 13

 14 Holding gains on assets at current cost (3) 35.1 34.8 53.7 35.3 24.9 59.3 45.7 10.8 -10.2 8.5 14

 15 Residential equipment 1.1 0.7 -0.5 0.1 -2.7 -2.3 1.0 -0.3 -2.1 -2.5 15

 16 Nonresidential equipment 21.8 27.7 24.7 34.4 21.4 23.9 15.6 6.8 7.2 7.5 16

 17 Intellectual property products 7.5 8.5 8.6 6.4 7.5 7.2 2.3 2.2 3.6 1.2 17

 18 Inventories 5.0 -0.9 21.2 -5.4 -0.3 30.7 27.6 2.0 -18.8 2.3 18

 19 - Foreign direct investment in U.S. 0.2 1.2 0.2 0.3 1.0 0.2 0.8 -0.2 0.2 -0.0 19

 20 Other volume changes (4) -11.4 0.0 1.6 5.6 17.5 22.9 9.0 3.2 4.5 2.5 20

 Memo:

 21 Net worth outstanding (5) 8410.5 8833.9 8920.1 7478.4 6243.7 6878.4 7444.0 8283.8 9387.7 10021.3 21

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 20).

(2) Shown on table F.104, line 32.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.104, line 35.
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Historical Annuals, 2005-2014, September 18, 2015 135

B.101.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

 

 1 Assets 74051.9 79843.3 81232.7 70868.9 72453.5 76356.9 77410.7 83556.3 93161.4 97589.0 1

 2 Nonfinancial assets 28540.1 29460.8 28158.3 24796.1 23727.4 23365.5 23395.2 25107.6 27688.0 29118.3 2

 3 Financial assets 45511.8 50382.6 53074.3 46072.8 48726.1 52991.4 54015.5 58448.7 65473.4 68470.7 3

 4 Deposits 6258.2 6901.6 7562.3 8181.5 8099.1 8072.8 8711.3 9234.2 9588.8 10127.4 4

 5 Debt securities 3321.6 3275.5 3808.1 4255.6 4635.2 4734.7 4220.8 4060.9 3671.6 3181.5 5

 6 Loans 772.9 912.5 1132.9 973.6 928.3 929.9 924.9 926.6 977.7 1031.8 6

 7 Equity shares at market value 14063.2 17013.5 17425.4 10315.9 13203.4 15517.3 14982.5 17128.5 22217.9 23612.5 7

 8 Directly held 8049.5 10177.3 9978.0 5810.0 7318.1 8760.8 8564.4 9761.6 12643.3 13323.9 8

 9 Indirectly held 6013.7 6836.2 7447.4 4505.9 5885.3 6756.5 6418.1 7366.9 9574.6 10288.6 9

 10 Life insurance companies 1140.1 1334.7 1466.8 956.9 1220.3 1408.6 1382.4 1537.3 1804.6 1858.6 10

 11 Private pension funds (1) 2118.9 2240.2 2355.6 1480.7 1867.3 2166.7 2084.5 2362.2 3060.8 3323.8 11

 12 Federal govt. retirement funds (1) 93.1 116.7 127.8 73.2 105.3 128.5 124.0 138.3 195.0 223.8 12

 13 State and local govt. retirement funds (1) 227.1 258.2 276.8 177.7 226.7 252.5 224.1 243.1 294.0 307.3 13

 14 Mutual funds 2434.6 2886.4 3220.4 1817.4 2465.7 2800.2 2603.2 3086.0 4220.2 4575.0 14

 15 Other 21096.0 22279.5 23145.7 22346.1 21860.1 23736.8 25175.9 27098.6 29017.4 30517.5 15

 16 Liabilities 12162.2 13460.8 14395.0 14278.7 14062.8 13782.1 13570.9 13634.2 13790.5 14163.3 16

 17 Net worth 61889.6 66382.5 66837.6 56590.1 58390.8 62574.8 63839.8 69922.1 79371.0 83425.7 17

 Memo:

 Equity shares (line 6) as a percent of

 18 Total assets (line 1) 19.0 21.3 21.5 14.6 18.2 20.3 19.4 20.5 23.8 24.2 18

 19 Financial assets (line 3) 30.9 33.8 32.8 22.4 27.1 29.3 27.7 29.3 33.9 34.5 19

(1) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 14.
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136 Historical Annuals, 2005-2013, September 18, 2015

S.1.a Total Economy - Current Account

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 1 Gross value added 13129.2 14073.2 14460.1 14619.2 14343.4 14915.2 15556.3 16358.5 16840.8 1

 (income approach)

 2 Less: Consumption of fixed capital 1982.0 2136.0 2264.4 2363.4 2368.4 2381.6 2450.6 2534.2 2632.8 2

 3 Equals: Net value added 11147.2 11937.2 12195.8 12255.8 11975.0 12533.6 13105.6 13824.3 14208.0 3

 4 Compensation of employees (paid) 7097.9 7513.7 7908.8 8090.0 7795.7 7969.5 8277.1 8618.5 8848.7 4

 5 Wages and salaries 5703.1 6068.8 6405.7 6543.6 6260.1 6385.6 6641.2 6938.9 7123.5 5

 6 Employers’ social contributions 1394.8 1444.9 1503.1 1546.4 1535.6 1583.9 1635.9 1679.6 1725.3 6

 7 Taxes on production and imports less subsidies 873.6 940.5 980.0 989.4 967.8 1001.2 1042.6 1074.0 1118.6 7

 8 Operating surplus, net 3175.7 3483.0 3307.0 3176.5 3211.6 3562.8 3785.9 4131.7 4240.6 8

 9 Plus: Income receipts from the rest of the world 575.8 724.2 875.7 856.9 648.9 720.0 792.6 801.5 826.2 9

10 Less: Income payments to the rest of the world 483.2 656.6 750.1 684.9 497.8 514.1 546.0 563.9 575.8 10

11 Equals: Net national income/Balance of primary incomes, net 11239.8 12004.8 12321.4 12427.8 12126.1 12739.5 13352.3 14061.9 14458.3 11

12 Operating surplus, net 3175.7 3483.0 3307.0 3176.5 3211.6 3562.8 3785.9 4131.7 4240.6 12

13 Compensation of employees (received) 7086.8 7502.3 7898.3 8078.3 7787.0 7961.4 8269.0 8609.9 8839.7 13

14 Wages and salaries 5692.0 6057.4 6395.2 6531.9 6251.4 6377.5 6633.2 6930.3 7114.4 14

15 Employers’ social contributions 1394.8 1444.9 1503.1 1546.4 1535.6 1583.9 1635.9 1679.6 1725.3 15

16 Taxes on production and imports, receivable 934.5 991.9 1034.6 1041.9 1026.1 1057.1 1102.6 1132.1 1178.0 16

17 Subsidies paid -60.9 -51.5 -54.6 -52.6 -58.3 -55.9 -60.1 -58.0 -59.4 17

18 Property income (received) 5624.9 6618.0 7291.8 6916.9 5815.3 5752.9 6011.3 6248.7 6324.1 18

19 Interest 3420.9 4150.9 4706.7 4234.7 3464.1 3230.4 3233.2 3179.8 3054.8 19

20 Distributed income of corporations 2164.3 2199.1 2300.9 2390.7 2072.0 2166.7 2410.7 2727.7 2894.3 20

21 Dividends 1109.8 1067.3 1234.4 1255.5 989.3 1007.3 1118.0 1326.0 1449.3 21

22 Withdrawals from income of quasi-corporations 1054.5 1131.8 1066.6 1135.2 1082.6 1159.4 1292.8 1401.7 1445.0 22

23 Reinvested earnings on U.S. direct investment abroad 20.4 247.8 261.4 265.6 260.9 336.6 345.7 318.7 353.3 23

24 Rents on land and natural resources 19.4 20.3 22.6 25.9 18.3 19.2 21.7 22.5 21.7 24

25 Less: Uses of property income (paid) 5521.3 6539.1 7155.7 6733.1 5655.5 5538.8 5756.6 6002.5 6064.7 25

26 Interest 3556.3 4328.1 4924.0 4457.7 3661.6 3411.5 3400.4 3343.9 3210.1 26

27 Distributed income of corporations 1903.4 2121.2 2160.5 2210.1 1953.8 2045.3 2255.8 2548.4 2748.0 27

28 Dividends 848.9 989.4 1093.9 1075.0 871.2 885.9 963.1 1146.7 1303.0 28

29 Withdrawals from income of quasi-corporations 1054.5 1131.8 1066.6 1135.2 1082.6 1159.4 1292.8 1401.7 1445.0 29

30 Reinvested earnings on foreign direct investment 42.1 69.5 48.5 39.4 21.9 62.8 78.7 87.6 84.9 30

31 Rents on land and natural resources 19.4 20.3 22.6 25.9 18.3 19.2 21.7 22.5 21.7 31

32 Net national income/Balance of primary incomes, net 11239.8 12004.8 12321.4 12427.8 12126.1 12739.5 13352.3 14061.9 14458.3 32

33 Plus: Current taxes on income, wealth, etc. (received) 1621.3 1825.9 1929.2 1807.7 1413.1 1601.3 1819.5 1945.2 2126.8 33

34 Less: Current taxes on income, wealth, etc. (paid) 1625.6 1830.4 1938.7 1816.9 1421.7 1609.8 1832.3 1959.0 2141.7 34

35 Plus: Social benefits (received) 2369.0 2520.3 2663.6 2913.0 3078.2 3270.8 3232.4 3279.8 3497.4 35

36 Less: Social contributions (paid) 2375.6 2528.1 2672.2 2923.7 3089.3 3282.4 3245.1 3293.1 3511.1 36

37 Plus: Other current transfers (received) 494.8 498.3 533.6 564.1 672.0 723.0 699.4 656.8 683.5 37

38 Less: Other current transfers (paid) 592.9 584.7 640.6 684.9 789.8 842.2 822.1 769.7 792.6 38

39 Equals: Disposable income, net 11130.7 11905.9 12196.2 12287.2 11988.6 12600.3 13204.1 13921.8 14320.6 39

40 Less: Final consumption expenditures 10774.2 11393.8 11960.2 12382.2 12289.0 12724.4 13220.2 13594.8 13914.3 40

41 Equals: Net saving 356.6 512.1 236.0 -95.0 -300.4 -124.1 -16.1 327.0 406.3 41

 Addendum:

42 Gross value added (line 1) 13129.2 14073.2 14460.1 14619.2 14343.4 14915.2 15556.3 16358.5 16840.8 42

43 Plus statistical discrepancy (NIPA) -35.5 -217.3 17.5 99.4 75.3 49.2 -38.3 -203.3 -177.6 43

44 Equals: GDP (NIPA, expenditure approach) 13093.7 13855.9 14477.6 14718.6 14418.7 14964.4 15517.9 16155.3 16663.2 44

45 Average of GDP and GDI 13111.5 13964.5 14468.9 14668.9 14381.1 14939.8 15537.1 16256.9 16752.0 45

46 Statistical discrepancy as a percentage of GDP -0.3 -1.6 0.1 0.7 0.5 0.3 -0.2 -1.3 -1.1 46
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Historical Annuals, 2005-2013, September 18, 2015 137

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 1 Gross value added 13129.2 14073.2 14460.1 14619.2 14343.4 14915.2 15556.3 16358.5 16840.8 1

 2 Households and nonprofit institutions serving households 1599.5 1689.4 1749.6 1855.3 1913.6 1928.8 1974.4 2029.4 2086.4 2

 3 Nonfinancial noncorporate business 2218.8 2440.1 2513.9 2632.4 2466.4 2546.2 2751.6 2909.8 3015.6 3

 4 Nonfinancial corporate business 6532.1 6988.0 7203.9 7256.8 6859.8 7238.7 7592.3 8011.9 8316.8 4

 5 Financial business 1034.3 1127.6 1068.8 851.9 1015.4 1042.8 1045.8 1187.3 1173.3 5

 6 Federal government 552.7 577.6 605.4 637.6 668.8 704.5 720.9 723.7 715.1 6

 7 State and local government 1191.7 1250.3 1318.5 1385.2 1419.4 1454.2 1471.4 1496.5 1533.6 7

 8 Net saving 356.6 512.1 236.0 -95.0 -300.4 -124.1 -16.1 327.0 406.3 8

 9 Households and nonprofit institutions serving households 243.1 331.4 309.8 536.7 667.4 630.0 710.1 946.7 589.9 9

10 Nonfinancial corporate business 411.7 386.5 313.1 296.7 381.0 603.5 584.2 556.3 650.7 10

11 Financial business 73.1 60.7 -48.5 -129.4 171.9 208.4 149.7 134.8 -6.3 11

12 Federal government -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 12

13 State and local government -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -215.9 -220.8 -187.1 13

 Net capital transfers

14 Households and nonprofit institutions serving households -21.9 16.6 6.8 7.7 -28.4 -20.6 2.0 -5.1 19.8 14

15 Nonfinancial noncorporate business -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 15

16 Nonfinancial corporate business -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -17.0 -5.7 16

17 Financial business 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 0.0 17

18 Federal government 60.3 43.2 53.0 117.6 186.3 126.3 113.9 85.0 58.1 18

19 State and local government -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.8 -74.2 -71.4 19

20 Rest of the world 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.5 -0.8 20

21 Gross fixed capital formation 2981.2 3166.0 3201.5 3091.4 2672.7 2691.1 2836.0 3064.3 3185.5 21

22 Households and nonprofit institutions serving households 865.0 860.1 736.1 580.4 468.1 452.4 451.9 505.3 558.4 22

23 Nonfinancial noncorporate business 289.2 305.0 313.5 307.5 248.8 243.1 274.8 312.6 330.8 23

24 Nonfinancial corporate business 1133.4 1259.9 1348.2 1372.7 1141.9 1181.0 1303.9 1439.9 1498.0 24

25 Financial business (nonresidential) 180.0 188.7 211.5 196.2 166.9 162.8 167.5 192.1 206.1 25

26 Federal government 222.9 238.0 251.4 275.8 284.0 300.0 297.4 284.7 269.4 26

27 State and local government 290.8 314.3 340.8 358.8 363.0 351.9 340.5 329.7 322.9 27

28 Consumption of fixed capital 1982.0 2136.0 2264.4 2363.4 2368.4 2381.6 2450.6 2534.2 2632.8 28

29 Households and nonprofit institutions serving households 362.1 396.2 413.7 414.6 403.3 400.5 398.2 404.6 427.2 29

30 Nonfinancial noncorporate business 214.4 232.6 245.6 254.5 253.0 251.8 265.0 273.0 284.5 30

31 Nonfinancial corporate business 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1139.2 1186.2 1232.2 31

32 Financial business (nonresidential) 148.9 156.8 165.4 173.9 177.4 176.7 168.6 174.2 182.7 32

33 Federal government 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 33

34 State and local government 157.3 170.3 186.6 200.2 208.2 212.7 222.2 231.9 238.5 34

35 Change in inventories 59.6 67.0 34.5 -32.0 -147.6 61.5 41.8 61.8 71.8 35

36 Nonfinancial noncorporate business 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 -4.0 16.6 36

37 Nonfinancial corporate business 52.5 61.7 31.2 -29.7 -130.8 57.9 34.9 65.8 55.2 37

38 Net lending (+) or net borrowing (-) (capital account) -689.3 -586.9 -735.5 -785.6 -457.8 -495.8 -444.8 -258.4 -219.0 38

39 Households and nonprofit institutions serving households -228.8 -139.0 -8.2 374.2 640.6 607.2 662.3 858.9 447.1 39

40 Nonfinancial noncorporate business -68.8 -77.7 -71.1 -47.5 27.0 12.9 -15.1 -30.7 -62.8 40

41 Nonfinancial corporate business 150.2 30.7 -26.4 33.8 417.2 439.3 391.4 253.0 334.5 41

42 Financial business 14.3 28.8 -94.6 -91.2 304.4 263.8 183.3 107.4 -29.7 42

43 Federal government -396.6 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -698.3 43

44 State and local government -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -269.6 -253.6 -209.7 44

 Addendum:

45 Statistical discrepancy (NIPA) -35.5 -217.3 17.5 99.4 75.3 49.2 -38.3 -203.3 -177.6 45

46 Rest of the world 724.8 804.2 718.0 686.2 382.5 446.6 483.2 461.7 396.6 46

47 Net lending (+) or net borrowing (-) (financial account) -442.7 -639.8 -337.2 -1094.5 -557.8 -653.9 -700.2 -749.8 181.2 47

48 Households and nonprofit institutions serving households -280.8 -341.8 260.2 1130.8 581.6 862.1 1325.5 1068.0 896.2 48

49 Nonfinancial noncorporate business -54.0 -63.9 -57.0 -37.1 44.8 29.5 -15.1 -30.7 -62.8 49

50 Nonfinancial corporate business -20.9 -139.0 -208.2 -947.7 548.5 145.2 -397.5 -479.0 64.3 50

51 Financial business 330.7 243.1 125.4 -100.0 1.2 1.3 70.7 69.3 173.6 51

52 Federal government -422.8 -310.4 -370.8 -789.1 -1298.2 -1414.9 -1352.4 -1123.2 -659.5 52

53 State and local government 5.2 -27.9 -86.6 -351.3 -435.6 -277.2 -331.4 -254.4 -230.6 53

 Addendum:

54 Rest of the world 698.5 529.8 151.5 765.2 28.0 268.2 416.7 462.8 373.4 54

 Total other volume changes

55 Households and nonprofit institutions serving households 280.4 517.7 638.3 870.8 568.7 1158.6 655.1 667.6 944.4 55

56 Nonfinancial noncorporate business -76.1 1.3 -48.7 -315.4 -96.6 181.4 181.8 132.0 86.6 56

57 Nonfinancial corporate business 288.5 576.9 678.9 -744.2 172.3 379.3 -54.9 -221.2 443.0 57

58 Financial business 36.5 -411.2 -77.5 1211.9 -1034.0 -805.7 -75.7 -392.5 -949.7 58

59 Federal government -47.0 30.2 9.3 86.7 121.5 -29.0 48.5 50.5 25.2 59

60 State and local government 185.0 277.4 207.6 -946.7 334.8 44.8 -66.7 276.2 603.8 60

61 Rest of the world -29.8 -143.4 -538.0 69.8 -339.9 -179.9 -70.6 -4.6 -17.4 61

 Holding gains/losses

62 Households and nonprofit institutions serving households 5378.0 3660.4 -486.1 -11647.4 536.1 2374.9 -98.2 4462.9 7934.4 62

63 Nonfinancial noncorporate business 1177.6 423.3 135.1 -1129.4 -1143.0 445.6 383.0 702.6 1017.5 63

64 Nonfinancial corporate business 87.2 -1389.8 -240.2 4192.4 -5021.3 -1354.9 345.9 -1320.9 -3700.0 64

65 Financial business 107.5 -7.6 1337.0 564.5 392.3 92.7 233.6 -67.6 -20.8 65

66 Federal government 115.3 116.8 93.3 1.2 -157.9 18.5 36.4 45.3 67.6 66

67 State and local government 478.9 621.8 466.0 350.4 -71.7 197.4 394.6 244.3 287.9 67

68 Rest of the world -708.1 -565.2 -761.7 1154.7 -900.5 -192.9 876.2 -351.0 286.9 68
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Change in net worth

69 Households and nonprofit institutions serving households 5923.5 4492.9 455.1 -10247.5 1800.6 4184.1 1265.0 6082.3 9448.9 69

70 Nonfinancial noncorporate business 1114.4 423.4 86.2 -1441.8 -1234.6 634.6 565.7 839.7 1104.0 70

71 Nonfinancial corporate business 802.9 -426.3 751.8 3748.6 -4506.3 -393.1 881.5 -968.8 -2600.5 71

72 Financial business 189.5 -358.2 1210.9 1707.6 -347.9 -463.1 340.1 -334.8 -976.8 72

73 Federal government -296.8 -123.3 -216.0 -663.6 -1471.5 -1465.5 -1273.2 -1079.3 -606.3 73

74 State and local government 647.7 917.6 660.3 -698.1 58.9 81.6 185.8 373.9 776.0 74

75 Rest of the world -13.0 95.6 -581.7 1910.8 -857.9 73.9 1288.7 106.1 666.1 75

 Net worth

76 Households and nonprofit institutions serving households 61889.6 66382.5 66837.6 56590.1 58390.8 62574.8 63839.8 69922.1 79371.0 76

77 Nonfinancial noncorporate business 8410.5 8833.9 8920.1 7478.4 6243.7 6878.4 7444.0 8283.8 9387.7 77

78 Nonfinancial corporate business 2200.0 1773.6 2525.5 6274.0 1767.7 1374.7 2256.2 1287.4 -1313.1 78

79 Financial business -1148.8 -1506.9 -296.0 1411.6 1063.7 600.5 940.6 605.7 -371.1 79

80 Federal government -4300.1 -4423.4 -4639.4 -5303.0 -6774.5 -8240.0 -9513.2 -10592.5 -11198.8 80

81 State and local government 5149.6 6067.3 6727.5 6029.4 6088.3 6169.9 6355.7 6729.6 7505.5 81

82 Rest of the world 1650.7 1746.3 1164.7 3075.4 2217.5 2291.3 3580.1 3686.2 4352.3 82
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Historical Annuals, 2005-2013, September 18, 2015 139

S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Current account

 1 Gross value added 1599.5 1689.4 1749.6 1855.3 1913.6 1928.8 1974.4 2029.4 2086.4 1

 2 Less: Consumption of fixed capital 362.1 396.2 413.7 414.6 403.3 400.5 398.2 404.6 427.2 2

 3 Equals: Net value added 1237.5 1293.2 1335.9 1440.7 1510.3 1528.3 1576.1 1624.8 1659.2 3

 4 Compensation paid by households and NPISHs 563.4 590.9 616.8 658.2 686.6 696.4 723.9 759.2 780.3 4

 5 Wages and salaries 466.2 490.9 516.0 549.9 566.1 577.3 597.0 624.7 642.0 5

 6 Employers’ social contributions 97.1 100.0 100.8 108.3 120.5 119.1 126.9 134.4 138.3 6

 7 Taxes on production and imports less subsidies 120.7 130.8 135.1 143.2 152.4 152.8 154.9 156.0 158.0 7

 8 Operating surplus, net 553.4 571.5 584.0 639.3 671.3 679.1 697.2 709.6 720.9 8

 9 Net national income/Balance of primary incomes, net 9733.1 10437.5 10936.7 11247.7 10643.4 10889.5 11566.0 12269.0 12517.3 9

10 Operating surplus, net 553.4 571.5 584.0 639.3 671.3 679.1 697.2 709.6 720.9 10

11 Compensation of employees (received) 7086.8 7502.3 7898.3 8078.3 7787.0 7961.4 8269.0 8609.9 8839.7 11

12 Wages and salaries 5692.0 6057.4 6395.2 6531.9 6251.4 6377.5 6633.2 6930.3 7114.4 12

13 Employers’ social contributions 1394.8 1444.9 1503.1 1546.4 1535.6 1583.9 1635.9 1679.6 1725.3 13

14 Property income (received) 2722.2 3071.6 3234.6 3303.6 2901.9 2900.2 3207.9 3526.7 3506.8 14

15 Interest 1089.4 1216.1 1351.5 1363.0 1265.5 1196.2 1232.9 1290.1 1272.7 15

16 Distributed income of corporations 1632.8 1855.5 1883.1 1940.6 1636.4 1704.0 1975.0 2236.6 2234.1 16

17 Dividends 578.3 723.7 816.5 805.4 553.7 544.6 682.2 834.9 789.0 17

18 Withdrawals from income of quasi-corporations (1) 1054.5 1131.8 1066.6 1135.2 1082.6 1159.4 1292.8 1401.7 1445.0 18

19 Less: Uses of property income (interest paid) 629.3 707.9 780.2 773.5 716.8 651.2 608.2 577.3 550.1 19

20 Net national income/Balance of primary incomes, net 9733.1 10437.5 10936.7 11247.7 10643.4 10889.5 11566.0 12269.0 12517.3 20

21 Less: Current taxes on income, wealth, etc. (paid) 1213.2 1357.1 1493.2 1507.8 1152.3 1239.3 1453.2 1511.4 1672.8 21

22 Plus: Social benefits (received) 1491.0 1593.1 1697.5 1920.0 2108.8 2281.7 2310.2 2323.6 2385.5 22

23 Less: Social contributions (paid) 873.3 922.6 961.4 988.2 964.4 984.1 917.8 951.6 1106.8 23

24 Plus: Other current transfers (received) 25.7 21.5 30.6 36.6 38.7 43.0 50.2 42.7 41.2 24

25 Less: Other current transfers (paid) 126.1 137.0 149.8 157.8 159.8 158.7 156.1 175.0 182.1 25

26 Equals: Disposable income, net 9037.2 9635.4 10060.3 10550.4 10514.4 10832.2 11399.4 11997.3 11982.2 26

27 Less: Final consumption expenditures 8794.1 9304.0 9750.5 10013.6 9847.0 10202.2 10689.3 11050.6 11392.3 27

28 Equals: Net saving 243.1 331.4 309.8 536.7 667.4 630.0 710.1 946.7 589.9 28

 Capital account

29 Net saving less capital transfers 265.0 314.8 303.0 529.0 695.8 650.6 708.1 951.8 570.1 29

30 Net saving 243.1 331.4 309.8 536.7 667.4 630.0 710.1 946.7 589.9 30

31 Less: Capital transfers paid (net) -21.9 16.6 6.8 7.7 -28.4 -20.6 2.0 -5.1 19.8 31

32 Capital formation, net 493.8 453.8 311.2 154.9 55.2 43.4 45.8 92.9 123.0 32

33 Gross fixed capital formation, excluding consumer durables 865.0 860.1 736.1 580.4 468.1 452.4 451.9 505.3 558.4 33

34 Residential 738.9 722.7 582.3 425.3 321.1 318.3 321.1 367.9 424.6 34

35 Nonresidential (nonprofit organizations) 126.1 137.4 153.9 155.1 147.1 134.1 130.8 137.4 133.7 35

36 Less: Consumption of fixed capital 362.1 396.2 413.7 414.6 403.3 400.5 398.2 404.6 427.2 36

37 Acquisition of nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -7.8 -7.9 -8.2 37

38 Net lending (+) or borrowing (-), capital account (lines 29-32) -228.8 -139.0 -8.2 374.2 640.6 607.2 662.3 858.9 447.1 38

 Financial account

39 Net lending (+) or borrowing (-) (line 38) -228.8 -139.0 -8.2 374.2 640.6 607.2 662.3 858.9 447.1 39

40 Net acquisition of financial assets 878.3 933.3 1222.4 1140.8 658.0 756.5 1255.4 1333.6 1140.2 40

41 Currency and deposits 369.7 452.7 426.1 420.0 199.7 206.3 659.8 581.0 328.5 41

42 Currency and transferable deposits -113.9 -40.0 -75.3 176.8 101.0 38.9 300.3 177.0 120.7 42

43 Time and savings deposits 481.5 486.5 483.6 261.0 105.9 162.8 369.3 411.9 205.5 43

44 Foreign deposits 2.1 6.1 17.8 -17.8 -7.2 4.5 -9.9 -7.9 2.3 44

45 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Debt securities 56.6 -88.3 485.7 576.8 83.0 -75.4 -202.1 -218.3 -614.5 46

47 Open market paper 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.6 -3.8 47

48 Treasury securities -119.9 -101.9 -36.9 144.4 534.9 316.3 -229.7 190.9 -151.1 48

49 Agency- and GSE-backed securities (2) 151.3 -21.9 341.3 240.3 -672.5 -10.0 40.4 -57.8 -53.7 49

50 Municipal securities 77.8 34.7 38.0 47.3 107.0 43.6 -65.8 -144.7 -55.8 50

51 Corporate and foreign bonds -67.3 -18.2 153.5 246.1 97.0 -423.8 54.7 -206.0 -350.1 51

52 Loans -0.9 70.8 220.4 -159.2 -47.6 1.6 -5.0 12.8 51.2 52

53 Short term -9.0 87.9 233.3 -160.4 -46.8 12.5 -5.9 30.7 57.1 53

54 Long term (mortgages) 8.1 -17.1 -12.9 1.1 -0.9 -10.9 0.9 -17.9 -6.0 54
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

55 Equity and investment fund shares -218.8 -199.0 -571.0 -277.1 -128.2 -37.6 128.9 409.4 776.7 55

56 Corporate equities -408.1 -594.5 -1045.7 -305.6 -18.6 -190.3 -279.5 -202.7 160.8 56

57 Mutual fund shares 197.3 182.4 281.7 100.2 264.5 164.7 257.3 471.3 513.8 57

58 Money market fund shares 44.9 218.6 239.7 234.3 -267.7 -183.2 -21.1 0.3 25.5 58

59 Equity in noncorporate business -52.8 -5.5 -46.7 -306.1 -107.6 167.2 171.5 140.5 76.5 59

60 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 0.0 60

61 Insurance, pension and standardized guarantee schemes 671.7 697.1 661.2 580.3 551.1 661.6 673.8 548.6 598.4 61

62 Insurance receivables due from property-casualty insurance companies 25.6 4.6 6.7 11.0 8.7 -35.2 27.6 -17.7 36.8 62

63 Life insurance reserves 15.1 57.8 18.6 59.9 24.6 6.2 73.5 -26.6 19.2 63

64 Pension entitlements (4) 598.6 601.9 596.6 465.4 492.8 651.1 539.5 581.3 529.9 64

65 Non-life insurance reserves at life insurance companies 9.5 14.8 15.5 17.6 8.4 17.1 14.8 -1.8 0.4 65

66 Retiree Health Care Funds 23.0 18.1 23.8 26.5 16.6 22.5 18.5 13.3 12.2 66

67 Net incurrence of liabilities 1159.2 1275.1 962.3 10.0 76.5 -105.7 -70.1 265.5 244.0 67

68 Debt securities (municipals) 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 -13.1 68

69 Loans 1130.0 1244.6 925.5 -24.7 34.0 -76.7 -63.2 275.4 253.2 69

70 Short term 69.2 229.1 178.8 -114.9 -36.6 102.4 16.3 346.4 243.4 70

71 Consumer credit 100.4 120.4 151.3 34.9 -103.6 -25.3 108.6 169.4 175.9 71

72 Depository institution loans n.e.c. 0.3 44.2 -9.1 4.6 28.3 50.1 -54.9 110.8 30.0 72

73 Other loans and advances -31.5 64.4 36.6 -154.5 38.7 77.6 -37.4 66.1 37.4 73

74 Long term (mortgages) 1060.8 1015.5 746.7 90.3 70.6 -179.1 -79.5 -71.0 9.7 74

75 Insurance, pension and standardized guarantee schemes 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 3.0 75

76 Other accounts payable (trade debt) 13.0 13.6 14.6 22.2 41.4 -29.4 1.2 4.0 1.0 76

 Addendum:

77 Net lending (+) or borrowing (-), financial account (lines 40-67) -280.8 -341.8 260.2 1130.8 581.6 862.1 1325.5 1068.0 896.2 77

 Other changes in volume account

78 Total other volume changes 280.4 517.7 638.3 870.8 568.7 1158.6 655.1 667.6 944.4 78

79 Net investment in consumer durable goods 252.4 239.6 231.1 134.6 50.3 86.9 119.0 167.1 181.5 79

80 Disaster losses -50.4 0.0 0.0 -8.3 0.0 0.0 0.0 -20.9 0.0 80

81 Other volume changes 130.5 480.9 138.8 -12.1 577.5 816.8 -127.1 312.3 313.8 81

82 Less: Statistical discrepancy (lines 38-77) (5) 52.0 202.8 -268.4 -756.6 59.1 -255.0 -663.2 -209.2 -449.1 82

 Revaluation account

83 Nonfinancial assets 2830.4 226.0 -1845.5 -3644.0 -1175.1 -490.1 -132.8 1475.5 2278.1 83

84 Real estate 2877.2 274.3 -1786.4 -3609.5 -1127.7 -398.9 -155.1 1516.4 2368.4 84

85 Consumer durable goods -44.1 -46.9 -55.6 -32.0 -40.8 -88.3 17.7 -41.5 -92.6 85

86 Equipment -2.6 -0.6 -3.1 -1.3 -4.7 -2.4 2.5 -0.7 -0.1 86

87 Intellectual property products -0.1 -0.8 -0.3 -1.2 -2.0 -0.4 2.2 1.2 2.4 87

88 Financial assets 2547.6 3434.4 1359.3 -8003.4 1711.2 2864.9 34.6 2987.4 5656.3 88

89 Corporate equities 1045.0 2222.8 846.4 -3862.4 1526.7 1633.0 35.5 1399.8 2720.9 89

90 Mutual fund shares 38.7 344.5 230.9 -1451.2 612.4 338.4 -214.1 423.5 963.8 90

91 Equity in noncorporate business 1192.2 426.9 134.3 -1139.9 -1134.4 453.4 382.6 706.4 1021.6 91

92 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 0.0 92

93 Insurance, pension and standardized guarantee schemes 271.7 440.2 147.7 -1549.8 706.8 441.1 -169.4 457.8 950.1 93

94 Changes in net worth due to nominal holding gains/losses 5378.0 3660.4 -486.1 -11647.4 536.1 2374.9 -98.2 4462.9 7934.4 94

 Changes in balance sheet account

95 Change in net worth (lines 32+38+78+94) 5923.5 4492.9 455.1 -10247.5 1800.6 4184.1 1265.0 6082.3 9448.9 95

 Balance sheet account (end of period)

96 Total assets 74051.9 79843.3 81232.7 70868.9 72453.5 76356.9 77410.7 83556.3 93161.4 96

97 Nonfinancial assets 28540.1 29460.8 28158.3 24796.1 23727.4 23365.5 23395.2 25107.6 27688.0 97

98 Real estate 24146.7 24851.4 23348.9 19861.9 18771.0 18397.0 18269.6 19841.0 22319.6 98

99 Consumer durable goods 4107.8 4300.5 4476.0 4578.6 4588.1 4586.7 4723.3 4848.9 4937.8 99

100 Equipment 206.1 226.0 245.8 264.0 271.9 280.1 293.0 301.8 309.1 100

101 Intellectual property products 79.5 82.8 87.6 91.6 96.4 101.8 109.4 115.9 121.5 101

102 Financial assets 45511.8 50382.6 53074.3 46072.8 48726.1 52991.4 54015.5 58448.7 65473.4 102

103 Currency and deposits 5314.8 5793.7 6214.7 6599.7 6784.9 6941.8 7601.5 8124.0 8453.1 103

104 Currency and transferable deposits 285.9 239.7 153.3 295.2 396.1 423.7 724.1 887.4 1008.1 104

105 Foreign deposits 63.8 69.9 87.7 69.9 62.7 67.3 57.4 49.5 51.7 105

106 Time and savings deposits 4965.0 5484.1 5973.6 6234.6 6326.0 6450.8 6820.1 7187.1 7393.2 106

107 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 107
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

108 Debt securities 3321.6 3275.5 3808.1 4255.6 4635.2 4734.7 4220.8 4060.9 3671.6 108

109 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 18.8 15.0 109

110 Treasury securities 427.6 329.6 207.7 187.1 858.8 1127.3 707.3 908.7 960.3 110

111 Agency- and GSE-backed securities (2) 590.5 617.9 880.1 1063.1 362.3 340.3 356.7 288.2 276.7 111

112 Municipal securities 1600.6 1635.6 1673.6 1720.9 1827.9 1871.5 1805.8 1661.0 1605.2 112

113 Corporate and foreign bonds 604.5 575.0 939.5 1278.5 1563.5 1374.5 1331.7 1184.2 814.4 113

114 Loans 772.9 912.5 1132.9 973.6 928.3 929.9 924.9 926.6 977.7 114

115 Short term 632.1 788.9 1022.1 861.8 817.4 829.8 824.0 843.6 900.7 115

116 Long term (mortgages) 140.8 123.6 110.7 111.8 110.9 100.1 100.9 83.0 77.0 116

117 Equity and investment fund shares 20939.9 24215.9 24858.0 18129.6 19017.4 21418.7 21762.6 24810.0 30297.4 117

118 Corporate equities 8049.5 10177.3 9978.0 5810.0 7318.1 8760.8 8564.4 9761.6 12643.3 118

119 Mutual fund shares 3524.8 4087.0 4599.7 3248.7 4125.6 4628.8 4628.1 5632.9 7110.5 119

120 Money market fund shares 943.4 1107.9 1347.6 1581.9 1314.2 1131.0 1109.9 1110.2 1135.7 120

121 Equity in noncorporate business 8422.2 8843.6 8932.7 7489.0 6258.5 6894.3 7455.9 8301.0 9403.6 121

122 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 4.4 122

123 Insurance, pension and standardized guarantee schemes 15162.6 16185.0 17060.6 16114.2 17360.4 18966.4 19505.7 20527.2 22073.6 123

124 Insurance receivables due from property-casualty insurance companies 316.0 320.5 327.3 337.3 346.0 310.8 338.4 320.7 357.4 124

125 Life insurance reserves 1082.6 1055.2 1077.2 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 125

126 Pension entitlements (4) 13471.4 14483.8 15271.2 14297.8 15450.8 17024.5 17441.1 18481.7 19932.0 126

127 Non-life insurance reserves at life insurance companies 217.3 232.1 247.6 265.2 273.6 290.7 305.5 303.7 304.2 127

128 Retiree Health Care Funds 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 246.9 128

129 Total liabilities and net worth 74051.9 79843.3 81232.7 70868.9 72453.5 76356.9 77410.7 83556.3 93161.4 129

130 Liabilities 12162.2 13460.8 14395.0 14278.7 14062.8 13782.1 13570.9 13634.2 13790.5 130

131 Debt securities (municipals) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 227.8 131

132 Loans 11740.9 13009.0 13906.4 13755.5 13497.1 13245.4 13041.1 13114.4 13279.7 132

133 Short term 2655.5 2908.1 3089.4 2974.5 2873.1 3122.2 3143.9 3428.6 3672.0 133

134 Consumer credit 2320.6 2461.3 2615.1 2650.0 2552.3 2646.9 2755.4 2922.9 3098.8 134

135 Depository institution loans n.e.c. -16.5 30.9 21.8 26.4 -15.9 61.0 11.5 62.6 92.7 135

136 Other loans and advances 351.5 415.9 452.5 298.0 336.7 414.3 376.9 443.1 480.5 136

137 Long term (mortgages) 9085.4 10100.9 10817.0 10781.0 10624.0 10123.1 9897.2 9685.8 9607.7 137

138 Insurance, pension and standardized guarantee schemes 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 27.9 138

139 Other accounts payable (trade debt) 186.3 199.9 214.5 236.7 278.2 248.8 250.0 254.0 255.0 139

140 Net worth 61889.6 66382.5 66837.6 56590.1 58390.8 62574.8 63839.8 69922.1 79371.0 140

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).

(4) Includes variable annuities, including those in IRAs, at life insurance companies.

(5) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

NPISHs Nonprofit institutions serving households

n.e.c. Not elsewhere classified
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142 Historical Annuals, 2005-2013, September 18, 2015

S.4.a Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Current account

 1 Gross value added 2218.8 2440.1 2513.9 2632.4 2466.4 2546.2 2751.6 2909.8 3015.6 1

 2 Less: Consumption of fixed capital 214.4 232.6 245.6 254.5 253.0 251.8 265.0 273.0 284.5 2

 3 Equals: Net value added 2004.4 2207.5 2268.3 2378.0 2213.4 2294.4 2486.6 2636.8 2731.1 3

 4 Compensation of employees (paid) 664.7 747.4 827.5 843.4 805.4 816.6 845.9 892.6 919.6 4

 5 Wages and salaries 557.9 631.2 701.8 712.1 675.0 684.6 713.1 752.7 774.8 5

 6 Employers’ social contributions 106.8 116.3 125.7 131.3 130.4 131.9 132.8 139.9 144.8 6

 7 Taxes on production and imports less subsidies 130.2 147.0 157.6 157.9 145.4 150.7 158.7 167.5 175.8 7

 8 Operating surplus, net 1209.4 1313.0 1283.2 1376.7 1262.6 1327.1 1482.0 1576.7 1635.7 8

 9 Net national income/Balance of primary incomes, net 21.8 22.7 19.8 15.0 21.0 23.0 25.5 27.3 29.3 9

10 Operating surplus, net 1209.4 1313.0 1283.2 1376.7 1262.6 1327.1 1482.0 1576.7 1635.7 10

11 Property income (interest received) 18.1 19.1 17.7 13.6 9.4 8.4 9.1 10.6 9.6 11

12 Less: Uses of property income (paid) 1205.7 1309.5 1281.1 1375.3 1251.0 1312.5 1465.5 1560.1 1616.0 12

13 Interest 198.8 227.6 254.2 263.1 242.7 237.9 226.9 226.1 219.1 13

14 Withdrawals from income of quasi-corporations (1) 1006.8 1081.8 1026.8 1112.2 1008.3 1074.5 1238.4 1333.8 1396.7 14

15 Reinvested earnings on foreign direct investment 0.1 0.1 0.1 0.1 0.0 0.1 0.2 0.2 0.2 15

16 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net national income/Balance of primary incomes, net 21.8 22.7 19.8 15.0 21.0 23.0 25.5 27.3 29.3 17

18 Less: Other current transfers (paid) 21.8 22.7 19.8 15.0 21.0 23.0 25.5 27.3 29.3 18

19 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Capital account

21 Net saving less capital transfers 13.1 0.0 0.0 3.3 6.0 7.8 1.6 4.9 0.0 21

22 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Less: Capital transfers paid (net) -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 23

24 Capital formation, net 81.9 77.7 71.1 50.8 -21.0 -5.1 16.7 35.6 62.9 24

25 Gross fixed capital formation 289.2 305.0 313.5 307.5 248.8 243.1 274.8 312.6 330.8 25

26 Nonresidential 180.5 198.9 215.0 223.8 182.9 184.9 214.6 243.7 252.8 26

27 Residential 108.7 106.2 98.5 83.7 65.8 58.3 60.2 68.9 78.0 27

28 Less: Consumption of fixed capital 214.4 232.6 245.6 254.5 253.0 251.8 265.0 273.0 284.5 28

29 Change in private inventories 7.1 5.3 3.3 -2.3 -16.8 3.6 6.8 -4.0 16.6 29

30 Net lending (+) or borrowing (-), capital account (lines 21-24) -68.8 -77.7 -71.1 -47.5 27.0 12.9 -15.1 -30.7 -62.8 30

 Financial account

31 Net lending (+) or borrowing (-) (line 30) -68.8 -77.7 -71.1 -47.5 27.0 12.9 -15.1 -30.7 -62.8 31

32 Net acquisition of financial assets 437.3 519.9 479.5 97.3 -117.1 152.0 196.9 301.1 80.2 32

33 Currency and deposits 100.2 95.0 81.8 2.5 10.1 0.2 30.6 69.3 14.3 33

34 Currency and transferable deposits 76.7 74.7 66.9 3.8 14.9 -2.7 24.6 59.3 3.5 34

35 Time and savings deposits 23.5 20.3 14.9 -1.2 -4.8 2.9 6.0 10.1 10.8 35

36 Debt securities 6.1 1.5 2.5 -7.9 -5.5 2.5 1.1 4.2 1.7 36

37 Treasury securities 6.0 0.2 3.0 -7.5 -5.7 1.9 0.8 4.0 1.5 37

38 Municipal securities 0.1 1.3 -0.5 -0.4 0.2 0.5 0.3 0.2 0.2 38

39 Loans 5.3 -1.5 7.4 -3.0 -1.2 4.2 -5.8 -2.4 1.0 39

40 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Long term (mortgages) 5.3 -1.5 7.4 -3.0 -1.2 4.2 -5.8 -2.4 1.0 41

42 Equity and investment fund shares 2.4 3.3 2.9 2.2 -1.7 3.5 1.1 3.2 2.9 42

43 Money market mutual fund shares 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 3.0 2.3 43

44 Equity in government-sponsored enterprises (2) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 0.1 0.6 44

45 Insurance, pension and standardized guarantee schemes (3) 5.5 4.4 3.7 3.4 -9.8 29.9 -4.7 15.4 -25.3 45

46 Other accounts receivable 317.8 417.2 381.1 100.0 -109.0 111.8 174.5 211.4 85.6 46

47 Trade receivables 66.6 40.0 54.7 -3.0 -26.3 37.0 61.0 4.6 17.3 47

48 Other (miscellaneous assets) 251.2 377.2 326.4 102.9 -82.7 74.7 113.5 206.9 68.3 48

49 Net incurrence of liabilities 491.3 583.8 536.5 134.4 -161.8 122.4 211.9 331.8 143.0 49

50 Loans 341.8 415.4 463.2 325.5 -97.1 -19.4 3.2 125.2 122.1 50

51 Short term 164.3 132.1 154.5 131.8 -107.3 -12.1 34.1 67.3 52.0 51

52 Depository institution loans n.e.c. 157.9 115.3 140.9 119.6 -102.0 -16.8 33.5 58.1 45.9 52

53 Other loans and advances 6.4 16.8 13.7 12.3 -5.3 4.7 0.6 9.2 6.1 53

54 Long term (mortgages) 177.5 283.3 308.7 193.7 10.2 -7.3 -30.9 58.0 70.1 54
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S.4.a Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

55 Equity and investment fund shares -51.6 0.4 -50.5 -317.9 -108.0 166.7 174.4 134.2 82.7 55

56 Equity in noncorporate business -51.6 1.3 -50.3 -317.7 -108.2 166.4 174.4 133.7 82.1 56

57 Foreign direct investment in the United States 0.1 -0.9 -0.2 -0.2 0.1 0.3 0.0 0.4 0.6 57

58 Other accounts payable 201.0 168.0 123.7 126.8 43.3 -24.8 34.4 72.4 -61.8 58

59 Trade payables 49.7 14.3 26.0 5.8 16.9 30.3 54.8 13.1 19.9 59

60 Taxes payable 8.7 9.0 3.8 6.7 -6.3 -0.7 0.6 7.6 3.6 60

61 Other (miscellaneous liabilities) 142.7 144.6 93.9 114.3 32.6 -54.3 -21.0 51.8 -85.3 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 32-49) -54.0 -63.9 -57.0 -37.1 44.8 29.5 -15.1 -30.7 -62.8 62

 Other changes in volume account

63 Total other volume changes -76.1 1.3 -48.7 -315.4 -96.6 181.4 181.8 132.0 86.6 63

64 Disaster losses -24.5 0.0 0.0 -4.4 0.0 0.0 0.0 -8.6 -0.0 64

65 Other volume changes -51.6 1.3 -48.7 -311.0 -96.6 181.4 181.8 140.6 86.6 65

 Revaluation account

66 Nonfinancial assets 1177.6 423.3 135.1 -1129.4 -1143.0 445.6 383.0 702.6 1017.5 66

67 Real estate 1142.3 387.3 81.1 -1164.9 -1168.9 386.1 336.6 692.0 1027.6 67

68 Residential 800.4 55.9 -365.6 -802.9 -466.6 154.7 203.8 389.9 566.4 68

69 Nonresidential 341.9 331.4 446.7 -362.1 -702.2 231.4 132.8 302.2 461.2 69

70 Equipment 22.8 28.4 24.2 34.6 18.7 21.6 16.5 6.5 5.1 70

71 Residential 1.1 0.7 -0.5 0.1 -2.7 -2.3 1.0 -0.3 -2.1 71

72 Nonresidential 21.8 27.7 24.7 34.4 21.4 23.9 15.6 6.8 7.2 72

73 Intellectual property products 7.5 8.5 8.6 6.4 7.5 7.2 2.3 2.2 3.6 73

74 Inventories 5.0 -0.9 21.2 -5.4 -0.3 30.7 27.6 2.0 -18.8 74

75 Liabilities (direct investment in the U.S.) 0.2 1.2 0.2 0.3 1.0 0.2 0.8 -0.2 0.2 75

76 Changes in net worth due to nominal holding gains/losses 1177.4 422.1 134.9 -1129.6 -1144.0 445.4 382.3 702.8 1017.3 76

 Changes in balance sheet account

77 Change in net worth (lines 24+30+63+76) 1114.4 423.4 86.2 -1441.8 -1234.6 634.6 565.7 839.7 1104.0 77

 Balance sheet account (end of period)

78 Total assets 12591.0 13598.0 14269.6 13273.6 11974.7 12550.5 13147.1 14177.9 15338.4 78

79 Nonfinancial assets 9994.2 10481.4 10673.5 9580.2 8398.4 8822.2 9221.9 9951.6 11031.9 79

80 Real estate 9053.7 9478.5 9596.7 8462.3 7296.4 7666.3 7993.2 8684.9 9725.3 80

81 Residential (4) 5815.2 5899.2 5552.0 4750.0 4273.4 4411.2 4600.4 4976.4 5541.9 81

82 Nonresidential 3238.5 3579.3 4044.7 3712.3 3023.0 3255.2 3392.8 3708.5 4183.4 82

83 Equipment 574.4 620.5 659.4 699.6 696.3 709.2 740.7 772.6 804.9 83

84 Residential 41.7 44.4 45.5 46.6 44.0 42.2 43.9 44.4 43.5 84

85 Nonresidential 532.7 576.1 613.9 653.0 652.4 667.0 696.8 728.3 761.5 85

86 Intellectual property products 147.6 159.5 170.1 178.6 183.2 189.9 196.6 204.7 214.6 86

87 Inventories 218.4 222.8 247.3 239.6 222.5 256.9 291.3 289.3 287.1 87

88 Financial assets 2596.8 3116.6 3596.1 3693.4 3576.3 3728.3 3925.1 4226.3 4306.5 88

89 Currency and deposits 698.3 793.2 875.0 877.6 887.7 887.9 918.5 987.8 1002.1 89

90 Currency and transferable deposits 374.2 448.8 515.7 519.5 534.4 531.6 556.3 615.5 619.0 90

91 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 356.2 362.2 372.3 383.1 91

92 Debt securities 60.6 62.1 64.6 56.7 51.2 53.7 54.8 59.0 60.7 92

93 Treasury securities 56.2 56.3 59.3 51.8 46.1 48.1 48.9 52.9 54.5 93

94 Municipal securities 4.4 5.8 5.3 4.9 5.1 5.6 5.9 6.1 6.3 94

95 Loans 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 95

96 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 96

97 Long term (mortgages) 36.2 34.6 42.1 39.1 37.9 42.1 36.3 33.9 34.8 97

98 Equity and investment fund shares 73.1 76.5 79.3 81.7 80.1 83.5 84.7 87.8 90.8 98

99 Money market mutual fund shares 69.0 72.2 74.3 75.4 73.7 76.8 77.7 80.7 83.0 99

100 Equity in government-sponsored enterprises (2) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 7.7 100

101 Insurance, pension and standardized guarantee schemes (3) 99.3 103.7 107.4 111.6 101.8 131.7 127.0 142.5 117.2 101

102 Other accounts receivable 1629.3 2046.5 2427.6 2526.6 2417.6 2529.4 2703.9 2915.3 3000.9 102

103 Trade receivables 430.9 470.9 525.6 522.7 496.3 533.4 594.4 598.9 616.2 103

104 Other (miscellaneous assets) 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2109.5 2316.4 2384.6 104
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144 Historical Annuals, 2005-2013, September 18, 2015

S.4.a Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

105 Total liabilities and net worth 12591.0 13598.0 14269.6 13273.6 11974.7 12550.5 13147.1 14177.9 15338.4 105

106 Liabilities 4180.5 4764.1 5349.5 5795.2 5731.0 5672.2 5703.0 5894.1 5950.7 106

107 Loans 2898.0 3313.4 3775.1 4094.0 3985.4 3950.9 3946.6 4067.4 4185.1 107

108 Short term 805.2 937.3 1091.8 1223.7 1116.4 1098.2 1132.3 1202.0 1254.0 108

109 Depository institution loans n.e.c. 670.5 785.8 926.7 1046.2 944.2 927.4 960.9 1021.4 1067.4 109

110 Other loans and advances 134.6 151.5 165.2 177.4 172.1 170.8 171.3 180.6 186.6 110

111 Long term (mortgages) 2092.9 2376.1 2683.3 2870.3 2869.0 2852.7 2814.3 2865.4 2931.0 111

112 Equity and investment fund shares (direct investment in the U.S.) 3.3 3.6 3.6 3.7 4.8 5.3 6.1 6.3 7.1 112

113 Other accounts payable 1279.1 1447.1 1570.8 1697.6 1740.8 1716.0 1750.4 1820.4 1758.6 113

114 Trade payables 334.5 348.9 374.9 380.7 397.6 427.8 482.7 493.3 513.2 114

115 Taxes payable 86.7 95.7 99.5 106.2 99.9 99.2 99.7 107.4 110.9 115

116 Other (miscellaneous liabilities) 857.9 1002.5 1096.4 1210.7 1243.3 1189.0 1168.0 1219.7 1134.5 116

117 Net worth 8410.5 8833.9 8920.1 7478.4 6243.7 6878.4 7444.0 8283.8 9387.7 117

Notes. Nonfinancial noncorporate business includes noncorporate farms that are excluded from the nonfinancial noncorporate business sector in the Financial Accounts of the United States.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Net equity in reserves of property-casualty insurance companies.

(4) Farm houses are included in the household sector.

n.e.c. Not elsewhere classified
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S.5.a Nonfinancial Corporate Business

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2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Current account

 1 Gross value added 6532.1 6988.0 7203.9 7256.8 6859.8 7238.7 7592.3 8011.9 8316.8 1

 2 Less: Consumption of fixed capital 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1139.2 1186.2 1232.2 2

 3 Equals: Net value added 5622.2 6008.7 6163.6 6162.8 5767.8 6144.2 6453.1 6825.7 7084.6 3

 4 Compensation of employees (paid) 3930.3 4129.3 4305.3 4358.0 4088.4 4158.7 4363.4 4593.3 4747.4 4

 5 Wages and salaries 3238.0 3420.9 3572.1 3619.5 3377.5 3446.1 3622.9 3826.4 3953.5 5

 6 Employers’ social contributions 692.3 708.5 733.3 738.5 710.9 712.6 740.4 766.9 793.9 6

 7 Taxes on production and imports less subsidies 573.2 610.1 632.5 632.7 605.9 633.0 670.6 690.4 724.9 7

 8 Operating surplus, net 1118.7 1269.3 1225.8 1172.2 1073.5 1352.5 1419.1 1542.0 1612.3 8

 9 Net national income/Balance of primary incomes, net 757.8 764.6 669.1 574.5 630.6 907.3 903.4 916.9 1030.4 9

10 Operating surplus, net 1118.7 1269.3 1225.8 1172.2 1073.5 1352.5 1419.1 1542.0 1612.3 10

11 Property income (received) 614.6 644.1 687.4 626.9 563.8 580.3 549.6 531.0 549.9 11

12 Interest 296.9 357.6 379.4 302.8 214.6 177.5 176.3 162.2 152.1 12

13 Distributed income of corporations (dividends) 300.3 79.7 92.3 108.0 139.0 134.4 94.8 106.9 105.5 13

14 Reinvested earnings on U.S. direct investment abroad 17.4 206.9 215.7 216.1 210.2 268.3 278.5 261.8 292.3 14

15 Less: Uses of property income (paid) 975.6 1148.8 1244.1 1224.6 1006.8 1025.4 1065.3 1156.1 1131.8 15

16 Interest 451.0 521.1 605.7 584.5 480.0 444.5 444.3 438.2 410.9 16

17 Distributed income of corporations (dividends) 471.1 550.8 576.9 582.2 490.4 509.9 535.8 624.8 630.7 17

18 Reinvested earnings on foreign direct investment 34.0 56.6 38.9 32.1 18.1 51.8 63.5 70.6 68.5 18

19 Rent 19.4 20.3 22.6 25.9 18.2 19.2 21.7 22.5 21.7 19

20 Net national income/Balance of primary incomes, net 757.8 764.6 669.1 574.5 630.6 907.3 903.4 916.9 1030.4 20

21 Less: Current taxes on income, wealth, etc. (paid) 271.9 307.7 293.8 227.4 177.8 220.6 228.8 266.7 284.6 21

22 Less: Other current transfers (paid) 74.2 70.4 62.2 50.3 71.8 83.3 90.4 93.9 95.1 22

23 Equals: Disposable income, net 411.7 386.5 313.1 296.7 381.0 603.5 584.2 556.3 650.7 23

24 Equals: Net saving 411.7 386.5 313.1 296.7 381.0 603.5 584.2 556.3 650.7 24

 Capital account

25 Net saving less capital transfers 427.2 386.5 313.1 300.4 342.7 582.5 590.6 573.3 656.5 25

26 Net saving 411.7 386.5 313.1 296.7 381.0 603.5 584.2 556.3 650.7 26

27 Less: Capital transfers paid (net) -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -17.0 -5.7 27

28 Capital formation, net 277.0 355.8 339.5 266.6 -74.6 143.3 199.1 320.3 322.0 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 1133.4 1259.9 1348.2 1372.7 1141.9 1181.0 1303.9 1439.9 1498.0 29

30 Less: Consumption of fixed capital 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1139.2 1186.2 1232.2 30

31 Acquisition of nonproduced nonfinancial assets 1.0 13.6 0.4 17.6 6.3 -1.1 -0.5 0.8 1.0 31

32 Change in private inventories 52.5 61.7 31.2 -29.7 -130.8 57.9 34.9 65.8 55.2 32

33 Net lending (+) or borrowing (-), capital account (lines 25-28) 150.2 30.7 -26.4 33.8 417.2 439.3 391.4 253.0 334.5 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) 150.2 30.7 -26.4 33.8 417.2 439.3 391.4 253.0 334.5 34

35 Net acquisition of financial assets 944.5 700.1 1072.8 -608.8 299.8 632.7 496.8 506.3 1069.0 35

36 Currency and deposits 120.6 -84.8 -62.4 -214.0 254.5 148.6 38.3 -11.7 169.2 36

37 Currency and transferable deposits 60.8 -117.2 -7.6 -59.0 70.8 79.6 30.8 -45.5 85.5 37

38 Time and savings deposits 49.9 46.6 -55.7 -129.4 176.9 59.9 13.2 33.3 41.0 38

39 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 0.6 42.7 39

40 Debt securities 40.4 -1.2 -61.7 -25.7 16.3 15.6 -8.5 -12.5 -22.0 40

41 Open market paper 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -8.4 -21.3 41

42 Treasury securities 18.1 -6.7 -7.1 -7.9 12.5 5.1 -5.1 -3.5 3.3 42

43 Agency- and GSE-backed securities (1) 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -1.2 -2.9 43

44 Municipal securities 0.3 -4.0 1.1 -3.0 0.9 -3.2 -1.6 0.6 -1.1 44

45 Loans 10.2 -17.1 -24.4 -11.1 -7.2 0.2 1.9 -3.3 -3.3 45

46 Short term (security repos and consumer credit) 8.5 -8.6 -6.0 -3.4 -3.1 1.7 2.4 -1.4 -5.1 46

47 Long term (mortgages) 1.7 -8.4 -18.4 -7.7 -4.1 -1.6 -0.6 -1.9 1.8 47

48 Equity and investment fund shares 142.5 334.9 374.6 423.5 224.3 183.5 364.0 377.2 360.5 48

49 Money market fund shares 52.7 69.1 127.2 178.5 -71.4 -157.7 -35.4 57.1 39.7 49

50 Mutual fund shares 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.7 1.0 50

51 U.S. direct investment abroad 24.7 219.2 307.0 262.6 269.7 303.3 403.9 319.2 305.0 51

52 Equity in government-sponsored enterprises (1) 0.0 0.1 0.1 -0.1 0.0 0.1 -0.0 0.0 0.0 52

53 Investment in finance company subsidiaries 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 2.6 14.7 53

54 Insurance, pension and standardized guarantee schemes (2) 21.2 7.6 8.3 10.9 -4.0 11.7 12.3 8.0 -5.8 54
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S.5.a Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

55 Other accounts receivable 609.6 460.7 838.3 -792.5 -184.2 273.2 88.9 148.5 570.4 55

56 Trade receivables 277.6 -10.7 162.6 -168.2 -29.5 96.9 83.7 52.0 277.2 56

57 Other (miscellaneous assets) 332.0 471.4 675.7 -624.3 -154.7 176.3 5.2 96.5 293.2 57

58 Net incurrence of liabilities 965.4 839.1 1281.0 338.9 -248.7 487.6 894.3 985.3 1004.7 58

59 Debt securities -7.1 150.4 199.5 190.2 179.6 237.3 203.6 352.3 302.8 59

60 Open market paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 14.2 60

61 Municipal securities 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 9.3 61

62 Corporate bonds -41.3 74.6 119.9 116.5 215.5 179.6 161.6 323.0 279.3 62

63 Loans 273.8 237.7 453.0 71.7 -537.8 -308.0 91.0 11.8 129.5 63

64 Short term 83.0 149.9 383.8 132.1 -394.8 -177.5 152.3 74.5 103.2 64

65 Depository institution loans n.e.c. -27.1 22.0 96.3 64.2 -234.0 -87.0 92.1 108.0 50.1 65

66 Other loans and advances 110.1 127.9 287.5 68.0 -160.8 -90.4 60.2 -33.5 53.1 66

67 Long term (mortgages) 190.8 87.8 69.2 -60.4 -143.0 -130.6 -61.3 -62.7 26.3 67

68 Equity and investment fund shares -201.5 -304.9 -494.2 -126.0 53.5 -93.6 -261.9 -156.6 -168.0 68

69 Corporate equities -300.2 -496.9 -706.3 -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 69

70 Foreign direct investment in the United States 98.7 192.0 212.1 189.6 104.6 157.0 192.7 188.3 184.9 70

71 Insurance, pension and standardized guarantee schemes 91.2 146.4 4.4 155.8 54.3 -16.7 -16.5 -23.9 108.4 71

72 Pension fund contributions payable -1.9 -2.0 4.5 14.7 -8.6 15.4 3.0 -12.3 -2.5 72

73 Claim of pension fund on sponsor 93.0 148.4 -0.2 141.0 63.0 -32.1 -19.5 -11.6 110.9 73

74 Other accounts payable 809.1 609.4 1118.3 47.2 1.7 668.7 878.1 801.8 631.9 74

75 Trade payables 199.0 109.1 85.1 -225.2 -82.6 156.3 25.2 65.4 106.7 75

76 Taxes payable -1.8 -0.8 -49.6 3.1 -3.3 7.2 8.8 2.3 -9.1 76

77 Miscellaneous liabilities 611.9 501.2 1082.8 269.3 87.5 505.2 844.1 734.2 534.3 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-58) -20.9 -139.0 -208.2 -947.7 548.5 145.2 -397.5 -479.0 64.3 78

 Other changes in volume account

79 Total other volume changes 288.5 576.9 678.9 -744.2 172.3 379.3 -54.9 -221.2 443.0 79

80 Disaster losses -22.7 0.0 0.0 -5.8 0.0 0.0 0.0 -6.9 0.0 80

81 Other volume changes 450.2 711.0 821.2 206.1 47.7 632.4 665.8 503.6 716.4 81

82 Less: Statistical discrepancy (lines 33-78) (3) 171.2 169.7 181.7 981.5 -131.2 294.1 789.0 732.0 270.1 82

83 Less: Inventory valuation adjustment -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -68.3 -14.2 3.2 83

 Revaluation account

84 Nonfinancial assets 931.8 973.1 1466.8 -1107.8 -2627.8 857.2 778.3 543.0 1380.9 84

85 Real estate 811.2 872.4 1343.6 -1152.4 -2646.3 724.6 640.2 499.1 1328.2 85

86 Equipment 45.0 70.9 22.6 99.9 -16.1 41.1 76.6 13.5 12.9 86

87 Intellectual property products 27.9 20.5 30.2 13.2 3.1 22.5 27.9 19.9 39.0 87

88 Inventories 47.7 9.2 70.4 -68.4 31.6 69.1 33.7 10.5 0.9 88

89 Financial assets 94.5 31.0 154.8 -199.6 -15.3 -131.9 -55.7 71.3 38.1 89

90 Mutual fund shares 8.1 15.2 9.7 -55.2 20.4 13.6 -8.1 15.4 30.4 90

91 Direct investment abroad 86.3 15.9 145.1 -144.4 -35.7 -145.6 -47.6 56.0 7.6 91

92 Liabilities 939.1 2393.9 1861.9 -5499.8 2378.3 2080.2 376.8 1935.3 5119.0 92

93 Corporate equity 898.2 2412.7 1834.7 -5398.6 2546.8 2095.0 467.5 1937.1 5108.3 93

94 Foreign direct investment in the United States 41.0 -18.8 27.1 -101.2 -168.5 -14.8 -90.7 -1.9 10.8 94

95 Changes in net worth due to nominal holding gains/losses 87.2 -1389.8 -240.2 4192.4 -5021.3 -1354.9 345.9 -1320.9 -3700.0 95

 Changes in balance sheet account

96 Change in net worth (lines 28+33+79+95) (4) 802.9 -426.3 751.8 3748.6 -4506.3 -393.1 881.5 -968.8 -2600.5 96

 Balance sheet account (end of period)

97 Total assets 26068.3 28197.0 31171.6 29515.0 27183.5 28957.9 30504.0 31944.5 34878.8 97

98 Nonfinancial assets (5) 14167.7 15537.6 17418.9 16591.7 13866.1 14941.1 15995.0 16856.1 18538.8 98

99 Real estate 7924.0 8892.3 10381.5 9359.9 6767.6 7545.7 8230.6 8797.2 10196.2 99

100 Equipment 3297.8 3513.6 3673.4 3857.2 3793.1 3853.6 4008.0 4139.4 4269.8 100

101 Intellectual property products 1322.0 1401.1 1492.3 1564.1 1600.7 1669.1 1746.9 1819.4 1920.0 101

102 Inventories 1623.9 1730.5 1871.7 1810.5 1704.6 1872.7 2009.6 2100.0 2152.9 102

103 Financial assets 11900.6 12659.5 13752.8 12923.2 13317.5 14016.8 14508.9 15088.4 16340.0 103

104 Currency and deposits 781.9 697.1 634.7 420.7 675.2 823.8 862.1 850.4 1019.6 104

105 Currency and transferable deposits 268.0 150.7 143.1 84.2 154.9 234.5 265.3 219.8 305.3 105

106 Time and savings deposits 450.4 497.0 441.3 311.9 488.8 548.7 561.9 595.2 636.2 106

107 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 35.4 78.1 107
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S.5.a Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

108 Debt securities 212.6 211.4 149.7 124.1 140.4 155.9 147.4 135.0 113.0 108

109 Open market paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 59.5 38.2 109

110 Treasury securities 52.1 45.5 38.3 30.5 43.0 48.0 43.0 39.4 42.8 110

111 Agency- and GSE-backed securities (1) 17.4 15.2 12.8 10.2 14.3 16.0 14.3 13.1 10.3 111

112 Municipal securities 32.1 28.1 29.2 26.2 27.1 23.9 22.3 22.9 21.8 112

113 Loans 142.4 123.8 99.5 88.3 81.2 85.1 86.9 83.7 80.4 113

114 Short term 74.1 64.0 58.1 54.7 51.6 57.1 59.5 58.1 53.1 114

115 Security repurchases 14.6 15.5 8.1 7.2 7.9 12.1 12.6 9.7 8.8 115

116 Consumer credit 59.6 48.5 50.0 47.5 43.8 45.0 46.9 48.4 44.2 116

117 Long term (mortgages) 68.3 59.8 41.4 33.6 29.5 28.0 27.4 25.5 27.4 117

118 Equity and investment fund shares 2809.9 3175.9 3701.6 3925.3 4134.3 4148.8 4457.1 4905.6 5304.2 118

119 Money market fund shares 352.2 421.3 548.5 727.0 655.5 497.8 462.4 519.4 559.1 119

120 Mutual fund shares 134.4 173.2 178.0 106.3 162.0 186.8 165.9 179.6 211.0 120

121 U.S. direct investment abroad 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3759.2 4134.4 4447.0 121

122 Equity in government-sponsored enterprises (1) 0.5 0.6 0.7 0.4 0.4 0.6 0.5 0.6 0.6 122

123 Investment in finance company subsidiaries 117.0 140.1 81.5 80.5 71.2 60.7 69.1 71.7 86.4 123

124 Insurance, pension and standardized guarantee schemes (2) 283.9 291.5 299.8 310.9 307.0 318.7 331.0 339.0 333.2 124

125 Other accounts receivable 7670.0 8159.7 8867.4 8053.9 7979.4 8484.4 8624.4 8774.7 9489.6 125

126 Trade receivables 2108.2 2099.0 2261.6 2093.4 2063.9 2157.1 2240.8 2292.8 2570.0 126

127 Other (miscellaneous assets) 5561.7 6060.7 6605.8 5960.5 5915.5 6327.4 6383.6 6481.9 6919.6 127

128 Total liabilities and net worth 26068.3 28197.0 31171.6 29515.0 27183.5 28957.9 30504.0 31944.5 34878.8 128

129 Liabilities 23868.3 26423.4 28646.2 23240.9 25415.8 27583.2 28247.8 30657.1 36191.9 129

130 Debt securities 2987.8 3138.2 3337.7 3527.8 3707.5 3944.7 4148.3 4500.6 4803.4 130

131 Open market paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 144.5 131

132 Municipal securities 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 518.5 132

133 Corporate bonds 2670.4 2745.0 2864.9 2981.4 3196.9 3376.4 3538.1 3861.1 4140.4 133

134 Loans 2280.5 2539.0 2998.4 3065.1 2443.2 2068.3 2159.3 2214.7 2317.3 134

135 Short term 1494.3 1641.4 2031.7 2163.8 1684.8 1425.3 1577.6 1695.6 1771.9 135

136 Depository institution loans n.e.c. 590.9 612.9 715.7 779.9 545.8 477.1 569.2 658.7 708.8 136

137 Other loans and advances 903.4 1028.4 1316.0 1383.9 1139.0 948.1 1008.3 1036.9 1063.1 137

138 Long term (mortgages) 786.1 897.6 966.7 901.3 758.3 643.0 581.8 519.1 545.4 138

139 Equity and investment fund shares 14236.0 16325.1 17692.7 12066.9 14498.6 16485.2 16600.1 18378.8 23329.8 139

140 Corporate equity 12686.6 14602.3 15730.7 10016.6 12512.2 14356.5 14369.4 15961.6 20717.0 140

141 Foreign direct investment in the United States 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2230.7 2417.2 2612.8 141

142 Insurance, pension and standardized guarantee schemes 14.6 35.9 47.7 759.1 574.8 539.4 611.4 472.5 260.7 142

143 Pension fund contributions payable 44.8 64.7 69.3 84.0 75.4 90.8 93.8 81.4 79.0 143

144 Claim of pension fund on sponsor -30.1 -28.8 -21.6 675.1 499.4 448.6 517.7 391.0 181.7 144

145 Other accounts payable 4349.5 4385.3 4569.7 3821.9 4191.7 4545.5 4728.6 5090.6 5480.7 145

146 Trade payables 1700.5 1812.9 1897.9 1672.7 1590.1 1746.4 1771.6 1836.9 1943.6 146

147 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 51.7 54.0 44.9 147

148 Miscellaneous liabilities 2562.7 2487.0 2635.9 2110.3 2566.0 2756.3 2905.4 3199.7 3492.2 148

149 Net worth 2200.0 1773.6 2525.5 6274.0 1767.7 1374.7 2256.2 1287.4 -1313.1 149

Notes. Nonfinancial corporate business includes corporate farms that are excluded from the nonfinancial corporate business sector in the Financial Accounts of the United States.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) Net equity in reserves of property-casualty insurance companies.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Financial Accounts of the United States.

(5) Excludes nonproduced nonfinancial assets.

n.e.c. Not elsewhere classified
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148 Historical Annuals, 2005-2013, September 18, 2015

S.6.a Financial Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Current account

 1 Gross value added 1034.3 1127.6 1068.8 851.9 1015.4 1042.8 1045.8 1187.3 1173.3 1

 2 Less: Consumption of fixed capital 148.9 156.8 165.4 173.9 177.4 176.7 168.6 174.2 182.7 2

 3 Equals: Net value added 885.5 970.9 903.4 678.1 838.0 866.1 877.2 1013.1 990.6 3

 4 Compensation of employees (paid) 535.4 579.8 618.2 612.9 549.0 574.3 606.8 630.2 640.2 4

 5 Wages and salaries 449.4 490.8 527.1 517.9 466.2 486.4 513.5 536.8 545.6 5

 6 Employers’ social contributions 86.0 89.0 91.1 95.0 82.8 87.9 93.3 93.3 94.6 6

 7 Taxes on production and imports less subsidies 49.5 52.5 54.7 55.6 64.2 64.8 58.3 60.2 59.9 7

 8 Operating surplus, net 300.6 338.5 230.5 9.5 224.8 227.1 212.1 322.7 290.4 8

 9 Net national income/Balance of primary incomes, net 200.3 205.2 110.7 -2.1 290.1 376.8 320.0 290.0 160.1 9

10 Operating surplus, net 300.6 338.5 230.5 9.5 224.8 227.1 212.1 322.7 290.4 10

11 Property income (received) 2154.2 2747.1 3200.8 2833.1 2203.8 2126.7 2109.1 2052.3 2020.3 11

12 Interest 1922.3 2444.6 2831.9 2444.8 1877.4 1749.5 1722.4 1635.7 1539.5 12

13 Distributed income of corporations (dividends) 229.0 261.6 323.1 338.8 275.7 308.9 319.5 359.8 419.8 13

14 Reinvested earnings on U.S. direct investment abroad 2.9 40.9 45.7 49.5 50.7 68.3 67.2 56.8 61.0 14

15 Less: Uses of property income (paid) 2254.5 2880.4 3320.6 2844.7 2138.6 1977.0 2001.2 2084.9 2150.6 15

16 Interest 1820.9 2379.0 2754.2 2321.6 1679.7 1505.2 1504.6 1478.3 1413.9 16

17 Distributed income of corporations 425.5 488.6 556.9 515.8 455.1 460.8 481.5 589.8 720.6 17

18 Dividends 377.9 438.6 517.0 492.8 380.8 376.0 427.2 521.9 672.3 18

19 Withdrawals from income of quasi-corporations (1) 47.7 50.0 39.8 23.0 74.4 84.9 54.3 67.9 48.3 19

20 Reinvested earnings on foreign direct investment 8.0 12.8 9.5 7.3 3.7 10.9 15.1 16.9 16.1 20

21 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Net national income/Balance of primary incomes, net 200.3 205.2 110.7 -2.1 290.1 376.8 320.0 290.0 160.1 22

23 Less: Current taxes on income, wealth, etc. (paid) 140.5 165.7 151.7 81.7 91.6 150.0 150.3 180.9 184.3 23

24 Less: Other current transfers (paid) -13.4 -21.1 7.5 45.6 26.5 18.4 20.0 -25.7 -17.9 24

25 Equals: Disposable income, net 73.1 60.7 -48.5 -129.4 171.9 208.4 149.7 134.8 -6.3 25

26 Equals: Net saving 73.1 60.7 -48.5 -129.4 171.9 208.4 149.7 134.8 -6.3 26

 Capital account

27 Net saving less capital transfers 45.4 60.7 -48.5 -68.9 293.9 249.9 182.1 125.2 -6.3 27

28 Net saving 73.1 60.7 -48.5 -129.4 171.9 208.4 149.7 134.8 -6.3 28

29 Less: Capital transfers paid (net) 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 0.0 29

30 Capital formation, net 31.1 31.9 46.1 22.3 -10.5 -13.9 -1.2 17.9 23.4 30

31 Gross fixed capital formation (nonresidential) 180.0 188.7 211.5 196.2 166.9 162.8 167.5 192.1 206.1 31

32 Less: Consumption of fixed capital 148.9 156.8 165.4 173.9 177.4 176.7 168.6 174.2 182.7 32

33 Net lending (+) or borrowing (-), capital account (lines 27-30) 14.3 28.8 -94.6 -91.2 304.4 263.8 183.3 107.4 -29.7 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) 14.3 28.8 -94.6 -91.2 304.4 263.8 183.3 107.4 -29.7 34

35 Net acquisition of financial assets 3763.5 4615.0 5464.8 3767.7 -1213.0 82.2 2229.0 1836.7 3576.9 35

36 Monetary gold -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Currency and deposits -12.4 74.1 170.4 1010.3 227.3 -144.0 528.1 -46.9 826.1 37

38 Debt securities 634.9 1090.4 975.8 842.0 720.3 787.1 1268.5 1093.8 1546.7 38

39 Open market paper 194.0 232.6 -120.4 6.2 -390.6 -93.5 -75.0 -1.2 34.5 39

40 Treasury securities 91.1 118.5 68.7 509.2 424.0 572.7 1050.7 350.8 589.7 40

41 Agency- and GSE-backed securities (2) -252.1 94.8 282.0 728.5 679.0 50.9 114.2 154.5 403.2 41

42 Municipal securities 115.7 131.2 184.6 42.2 38.4 44.2 13.5 139.2 9.1 42

43 Corporate and foreign bonds 486.2 513.3 560.9 -444.1 -30.5 212.7 165.1 450.5 510.2 43

44 Loans 2064.5 2113.3 2698.2 1456.9 -2942.6 -518.4 147.9 441.7 160.7 44

45 Short term 653.2 713.2 1566.1 1225.7 -2876.0 -201.8 303.7 499.5 50.4 45

46 Long term (mortgages) 1411.4 1400.1 1132.1 231.2 -66.7 -316.6 -155.8 -57.8 110.3 46

47 Equity and investment fund shares 538.3 498.4 1197.5 719.7 136.4 -42.3 -17.7 116.0 203.2 47

48 Corporate equities 285.2 171.4 417.7 212.5 155.3 58.1 -85.0 5.9 -4.1 48

49 Mutual fund shares 53.2 104.1 67.5 -65.9 175.9 133.0 19.4 64.4 143.3 49

50 Money market mutual fund shares 11.6 -7.4 330.8 284.4 -175.9 -172.8 -63.8 -82.4 -53.5 50

51 Equity in government-sponsored enterprises (2) 2.0 -0.0 8.3 -5.3 0.0 -3.2 -6.2 -2.0 -0.2 51

52 U.S. direct investment abroad 11.5 25.8 107.0 66.4 40.7 -2.3 15.2 20.5 23.6 52

53 Stock in Federal Reserve Banks 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 0.1 53

54 Investment in subsidiaries 173.2 202.8 263.1 225.0 -64.1 -56.0 102.4 109.1 94.0 54

55 Insurance, pension and standardized guarantee schemes 224.9 304.3 249.3 292.3 493.4 276.0 339.9 354.7 346.0 55

56 Other accounts receivable 313.4 534.4 173.6 -553.4 152.1 -276.2 -37.7 -122.6 494.1 56
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2005 2006 2007 2008 2009 2010 2011 2012 2013

 

57 Net incurrence of liabilities 3432.8 4371.9 5339.4 3867.7 -1214.2 80.9 2158.3 1767.3 3403.3 57

58 Currency and deposits 608.9 620.6 548.7 2146.1 262.3 334.1 1457.3 595.0 1867.7 58

59 Debt securities 1039.8 1320.1 1523.7 441.8 -956.6 -695.4 -327.4 -306.4 108.1 59

60 Agency- and GSE-backed securities (2) 80.4 328.2 905.7 768.7 -60.1 -46.9 -21.9 -22.4 239.9 60

61 Corporate bonds 745.2 795.5 729.5 -201.6 -448.5 -546.3 -237.4 -225.2 -82.9 61

62 Commercial paper 214.2 196.4 -111.5 -125.4 -448.1 -102.2 -68.2 -58.8 -48.9 62

63 Loans 548.8 590.9 880.8 -160.2 -1644.3 -59.6 202.2 128.4 -208.2 63

64 Short term 534.6 584.3 876.2 -166.9 -1656.1 -60.5 188.7 123.5 -216.0 64

65 Long term (mortgages) 14.1 6.6 4.7 6.8 11.8 0.8 13.5 4.8 7.8 65

66 Equity and investment fund shares 698.0 931.5 1469.0 1717.3 270.5 73.8 506.1 974.1 981.5 66

67 Money market mutual fund shares 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 28.9 67

68 Corporate equity issues 78.4 60.0 179.6 639.2 315.9 191.4 164.1 168.4 162.5 68

69 Mutual fund shares 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 624.9 638.4 69

70 Equity in government-sponsored enterprises (2) 1.9 0.2 9.1 -4.2 0.0 -2.7 -5.9 -1.8 0.5 70

71 Foreign direct investment in the United States 13.9 52.0 9.3 120.7 45.7 48.5 43.4 5.1 31.1 71

72 Equity in noncorporate business -1.2 -6.8 3.6 11.6 0.6 0.9 -2.9 6.7 -5.6 72

73 Investment by parent 218.1 184.4 166.1 233.0 -94.5 -32.0 81.5 163.3 125.6 73

74 Stock in Federal Reserve Banks 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 0.1 74

75 Insurance, pension and standardized guarantee schemes 691.2 699.4 700.8 497.6 634.4 700.7 681.3 573.9 554.4 75

76 Other accounts payable -153.8 209.4 216.4 -774.9 219.5 -272.6 -361.2 -197.6 99.8 76

 Addendum:

77 Net lending (+) or borrowing (-), financial account (lines 35-57) 330.7 243.1 125.4 -100.0 1.2 1.3 70.7 69.3 173.6 77

 Other changes in volume account

78 Total other volume changes 36.5 -411.2 -77.5 1211.9 -1034.0 -805.7 -75.7 -392.5 -949.7 78

79 Disaster losses -1.7 0.0 0.0 -0.6 0.0 0.0 0.0 -2.0 0.0 79

80 Other volume changes -278.2 -625.6 -297.5 1221.4 -730.9 -543.2 36.9 -352.5 -1153.0 80

81 Less: Statistical discrepancy (lines 33-77) (3) -316.4 -214.4 -220.0 8.9 303.2 262.5 112.5 38.1 -203.3 81

 Revaluation account

82 Nonfinancial assets 72.6 63.8 28.6 55.7 -61.9 -2.7 42.2 18.4 34.4 82

83 Structures (nonresidential) 72.1 62.7 34.0 54.2 -50.2 -0.3 33.2 15.3 30.2 83

84 Equipment 0.6 0.8 -4.9 3.0 -5.6 1.2 8.3 2.9 2.5 84

85 Intellectual property products -0.1 0.3 -0.5 -1.5 -6.1 -3.6 0.6 0.2 1.7 85

86 Financial assets 925.5 1779.3 806.1 -5916.0 2569.4 1655.6 -673.6 1781.0 3773.1 86

87 Corporate equities 600.0 1444.6 618.4 -5091.6 2148.4 1411.3 -517.5 1518.9 3291.1 87

88 Mutual fund shares 294.8 299.1 141.9 -835.1 366.8 203.7 -110.6 239.7 496.0 88

89 U.S. direct investment abroad 30.7 35.7 45.8 10.8 54.2 40.7 -45.5 22.4 -14.0 89

90 Liabilities 890.5 1850.7 -502.3 -6424.8 2115.3 1560.2 -865.1 1867.0 3828.3 90

91 Corporate equity issues 262.4 716.1 -985.4 -2366.0 386.8 526.3 -390.1 693.4 1372.3 91

92 Mutual fund shares 352.4 682.6 396.0 -2424.7 1035.6 582.2 -340.4 720.3 1579.9 92

93 Foreign direct investment in the United States 9.4 22.5 -56.7 -157.6 17.9 34.1 28.9 15.9 -50.6 93

94 Equity in noncorporate business 1.7 4.8 -0.6 -13.6 3.6 0.3 -1.2 -1.3 4.2 94

95 Pension fund reserves 264.5 424.6 144.4 -1462.9 672.1 419.4 -161.9 438.9 922.6 95

96 Investment by parent 0.0 0.0 0.0 0.0 -0.6 -2.0 -0.3 -0.1 0.0 96

97 Changes in net worth due to nominal holding gains/losses 107.5 -7.6 1337.0 564.5 392.3 92.7 233.6 -67.6 -20.8 97

 Changes in balance sheet account

98 Change in net worth (lines 30+33+78+97) 189.5 -358.2 1210.9 1707.6 -347.9 -463.1 340.1 -334.8 -976.8 98

 Balance sheet account (end of period)

99 Total assets 57505.0 63371.8 69579.8 69043.8 70002.9 71110.8 72763.0 76907.6 82828.2 99

100 Nonfinancial assets (4) 1383.7 1484.5 1564.8 1649.4 1586.3 1580.2 1621.2 1655.5 1713.2 100

101 Structures (nonresidential) 824.1 895.9 946.7 1015.8 971.3 963.9 986.3 992.0 1013.0 101

102 Equipment 449.9 473.3 492.8 498.6 470.3 471.9 485.5 506.0 535.7 102

103 Intellectual property products 109.7 115.3 125.3 134.9 144.7 144.3 149.4 157.4 164.5 103

104 Financial assets 56121.2 61887.3 68015.0 67394.4 68416.6 69530.6 71141.8 75252.2 81114.9 104

105 Monetary gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 105

106 Currency and deposits 764.5 813.6 986.0 2033.5 2274.4 2176.2 2704.4 2681.8 3506.6 106
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S.6.a Financial Business

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2005 2006 2007 2008 2009 2010 2011 2012 2013

 

107 Debt securities 14746.4 15748.9 16728.2 17574.5 18317.3 18529.7 19798.0 20984.0 22443.7 107

108 Open market paper 1124.8 1352.8 1235.9 1243.6 852.9 763.7 688.8 687.5 721.7 108

109 Treasury securities 2528.6 2651.8 2720.5 3229.7 3653.8 4226.5 5277.2 5640.0 6229.7 109

110 Agency- and GSE-backed securities (2) 4137.5 4148.0 4430.0 5158.5 5892.0 5480.1 5594.3 5762.9 6157.7 110

111 Municipal securities 1346.2 1477.1 1661.6 1703.8 1742.2 1786.4 1799.9 1939.1 1948.2 111

112 Corporate and foreign bonds 5609.3 6119.2 6680.1 6238.8 6176.4 6273.0 6437.7 6954.4 7386.4 112

113 Loans 19781.3 21831.6 24487.6 25808.1 22577.3 21817.2 21813.4 22282.8 22325.5 113

114 Short term 8152.1 8778.5 10334.2 11559.7 8631.1 8503.7 8807.4 9479.9 9503.4 114

115 Long term (mortgages) 11629.3 13053.0 14153.4 14248.5 13946.2 13313.6 13006.0 12802.9 12822.1 115

116 Equity and investment fund shares 15513.3 17343.4 19347.0 14150.8 17532.7 19146.0 18454.7 20778.4 24703.7 116

117 Corporate equities 10352.3 11468.8 12504.9 7625.8 9929.6 11398.9 10796.4 12321.2 15608.2 117

118 Mutual fund shares 2183.0 2550.9 2760.3 1859.2 2402.0 2738.7 2647.5 2951.6 3590.9 118

119 Money market fund shares 515.8 562.4 893.3 1177.7 1001.7 828.9 765.1 682.7 629.2 119

120 Equity in government-sponsored enterprises (2) 42.0 42.0 50.3 45.0 45.0 41.7 35.5 33.5 33.4 120

121 U.S. direct investment abroad 446.0 507.4 660.2 737.4 832.3 870.7 840.3 883.2 892.8 121

122 Stock in Federal Reserve Banks 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 27.5 122

123 Investment in subsidiaries 1960.6 2196.5 2459.6 2684.6 3296.6 3240.6 3343.0 3878.8 3921.7 123

124 Insurance, pension and standardized guarantee schemes 2346.7 2460.5 2593.6 4233.7 4146.0 4508.3 4922.4 4897.1 4311.8 124

125 Other accounts receivable 2958.0 3678.3 3861.6 3582.8 3557.9 3342.1 3437.8 3617.0 3812.6 125

126 Total liabilities and net worth 57505.0 63371.8 69579.8 69043.8 70002.9 71110.8 72763.0 76907.6 82828.2 126

127 Liabilities 58653.7 64878.7 69875.9 67632.2 68939.2 70510.2 71822.4 76301.9 83199.3 127

128 Currency and deposits 8082.9 8703.5 9252.2 11398.3 11660.6 11990.6 13447.9 14015.0 15882.7 128

129 Debt securities 11964.7 13255.0 14889.6 15251.2 14498.2 13432.9 13032.8 12849.1 12890.0 129

130 Agency- and GSE-backed securities (2) 6140.7 6468.9 7374.6 8143.4 8083.3 7574.0 7552.1 7529.7 7769.7 130

131 Corporate bonds 4653.8 5422.5 6262.9 5981.5 5736.7 5282.9 4972.8 4870.3 4720.2 131

132 Commercial paper 1170.2 1363.5 1252.1 1126.3 678.2 576.0 507.9 449.1 400.2 132

133 Loans 5033.8 5621.4 6502.3 6342.1 4768.4 4720.7 4917.5 5108.6 4900.4 133

134 Short term 4888.3 5469.4 6345.5 6178.6 4593.2 4544.6 4728.0 4914.2 4698.2 134

135 Long term (mortgages) 145.5 152.1 156.7 163.5 175.3 176.1 189.5 194.4 202.2 135

136 Equity and investment fund shares 15146.2 17537.1 18355.7 15111.2 17501.1 18678.6 18481.5 21420.4 25256.7 136

137 Money market fund shares 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 2678.5 137

138 Corporate equity issues 4631.9 5408.0 4602.2 2875.4 3578.1 4295.7 4069.7 4931.6 6466.4 138

139 Mutual fund shares 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9326.1 11544.4 139

140 Equity in government-sponsored enterprises (2) 46.7 46.9 56.0 51.8 51.8 49.0 43.1 41.2 41.7 140

141 Foreign direct investment in the United States 353.2 427.8 380.4 343.5 407.0 489.6 561.9 582.8 563.3 141

142 Equity in noncorporate business 11.7 9.7 12.6 10.7 14.8 15.9 11.9 17.3 15.9 142

143 Investment by parent 2050.4 2268.1 2430.5 2663.5 3244.5 3173.4 3254.6 3844.4 3919.0 143

144 Stock in Federal Reserve Banks 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 27.5 144

145 Insurance, pension and standardized guarantee schemes 15961.0 17099.4 17997.1 16905.2 18260.8 19923.8 20468.7 21536.5 23066.3 145

146 Other accounts payable 2465.2 2662.3 2879.0 2624.3 2250.0 1763.7 1473.9 1372.3 1203.1 146

147 Net worth -1148.8 -1506.9 -296.0 1411.6 1063.7 600.5 940.6 605.7 -371.1 147

Notes. Financial business includes depository institutions, insurance companies and pension funds, monetary authority, and other financial institutions.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land. Includes corporate and noncorporate financial business.

SDRs Special Drawing Rights
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Historical Annuals, 2005-2013, September 18, 2015 151

S.7.a Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Current account

 1 Gross value added 552.7 577.6 605.4 637.6 668.8 704.5 720.9 723.7 715.1 1

 2 Less: Consumption of fixed capital 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 2

 3 Equals: Net value added 363.3 376.9 392.6 411.3 434.3 459.1 463.5 459.4 447.3 3

 4 Compensation of employees (paid) 362.4 375.1 390.5 410.4 433.5 462.2 470.6 468.3 458.7 4

 5 Wages and salaries 263.5 271.7 283.3 296.7 312.2 328.5 331.7 327.7 320.4 5

 6 Employers’ social contributions 98.9 103.5 107.3 113.7 121.3 133.7 138.9 140.7 138.2 6

 7 Operating surplus, net 0.9 1.8 2.0 0.8 0.7 -3.1 -7.1 -8.9 -11.3 7

 8 Net national income/Balance of primary incomes, net -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -327.3 -321.6 -197.2 8

 9 Operating surplus, net 0.9 1.8 2.0 0.8 0.7 -3.1 -7.1 -8.9 -11.3 9

10 Taxes on production and imports, receivable 99.4 99.2 94.6 94.0 91.4 96.8 108.6 115.1 125.8 10

11 Subsidies (paid) -60.5 -51.1 -47.5 -49.6 -56.9 -54.3 -59.5 -57.6 -58.9 11

12 Property income (received) 27.2 29.0 33.4 33.9 48.5 54.6 56.4 52.6 163.2 12

13 Interest 17.3 18.8 22.1 19.5 22.8 29.5 27.7 21.3 22.8 13

14 Distributed income of corporations (dividends) 0.2 0.3 0.2 0.6 18.7 17.0 18.8 21.1 131.3 14

15 Rents on land and natural resources 9.7 9.9 11.1 13.8 7.0 8.0 9.9 10.2 9.1 15

16 Less: Uses of property income (interest paid) 344.4 372.3 408.2 388.0 353.6 380.6 425.7 422.9 416.1 16

17 Net national income/Balance of primary incomes, net -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -327.3 -321.6 -197.2 17

18 Plus: Current taxes on income, wealth, etc. (received) 1289.9 1464.2 1547.8 1426.7 1079.7 1256.0 1445.2 1546.0 1699.1 18

19 Plus: Social benefits (received) 853.4 905.7 947.2 974.4 950.8 970.9 904.0 938.1 1093.4 19

20 Less: Social contributions (paid) 1095.6 1201.6 1277.5 1480.0 1632.2 1774.4 1796.9 1801.5 1842.0 20

21 Plus: Other current transfers (received) 32.7 37.9 42.0 49.7 67.2 68.1 67.1 56.1 71.1 21

22 Less: Other current transfers (paid) 384.2 375.8 401.3 416.1 510.7 558.8 530.1 499.3 504.0 22

23 Equals: Disposable income, net 418.7 536.9 532.7 245.8 -315.1 -324.8 -238.1 -82.2 320.3 23

24 Less: Final consumption expenditures 723.4 763.9 798.4 879.8 933.7 1003.9 1006.1 1007.8 961.3 24

25 Equals: Net saving -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 25

 Capital account

26 Net saving less capital transfers -365.1 -270.2 -318.6 -751.6 -1435.1 -1455.0 -1358.0 -1175.0 -699.1 26

27 Net saving -304.7 -227.0 -265.6 -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -640.9 27

28 Less: Capital transfers paid (net) 60.3 43.2 53.0 117.6 186.3 126.3 113.9 85.0 58.1 28

29 Capital formation, net 31.5 22.9 35.3 29.1 40.6 53.7 39.1 18.4 -0.8 29

 Gross fixed capital formation (acquisition of

30 produced nonfinancial assets) 222.9 238.0 251.4 275.8 284.0 300.0 297.4 284.7 269.4 30

31 Less: Consumption of fixed capital 189.4 200.7 212.8 226.3 234.5 245.3 257.4 264.3 267.7 31

32 Acquisition of nonproduced nonfinancial assets -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -2.0 -2.4 32

33 Net lending (+) or borrowing (-), capital account (lines 26-29) -396.6 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -698.3 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) -396.6 -293.2 -353.9 -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -698.3 34

35 Net acquisition of financial assets 30.8 -14.4 0.6 579.8 237.8 281.9 -150.7 126.5 221.5 35

36 Monetary gold and SDRs -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 36

37 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 38

39 Currency and deposits 1.3 -5.4 25.8 316.0 -170.2 150.5 -239.9 11.1 65.8 39

40 Official foreign currencies 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 0.2 40

41 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 -3.4 41

42 Currency and transferable deposits 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 69.6 42

43 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 -0.5 43

44 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 44

45 Debt securities 0.0 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 -0.1 45

46 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 0.0 46

47 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 -0.1 47

48 Loans -3.1 5.9 6.8 39.0 166.7 131.4 136.5 136.2 124.2 48

49 Short term -5.5 2.2 4.7 25.5 154.1 136.8 133.2 134.5 120.3 49

50 Consumer credit 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 113.1 50

51 Other loans and advances -9.2 0.5 -2.3 6.1 66.2 3.6 4.8 2.4 7.2 51

52 Long term (mortgages) 2.4 3.7 2.1 13.5 12.6 -5.4 3.3 1.6 4.0 52

53 Equity and investment fund shares 1.3 2.0 1.7 257.7 3.4 30.4 43.5 -10.7 -2.6 53

54 Corporate equities 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 -4.8 54

55 Equity in international organizations 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 55

56 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 0.0 57
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S.7.a Federal Government

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2005 2006 2007 2008 2009 2010 2011 2012 2013

 

58 Other accounts receivable 35.8 -17.1 -33.7 -87.4 47.1 16.5 29.1 21.2 34.1 58

59 Trade receivables 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 3.3 59

60 Taxes receivable 26.0 -6.5 -35.3 -62.2 35.9 27.1 25.6 22.0 27.2 60

61 Other (miscellaneous assets) 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 3.7 61

62 Net incurrence of liabilities 453.6 296.0 371.5 1369.0 1536.0 1696.7 1201.7 1249.7 881.0 62

63 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 63

64 Currency and deposits 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 -0.4 64

65 Debt securities 346.9 219.1 270.4 1302.5 1505.8 1645.9 1138.7 1180.6 857.3 65

66 Treasury securities 347.3 219.5 270.8 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 66

67 Federal agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 -0.4 67

68 Loans (mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 68

69 Insurance, pension and standardized guarantee schemes 67.2 64.5 73.0 45.1 33.2 43.5 40.6 64.0 3.1 69

70 Insurance reserves 1.1 1.5 1.6 1.0 1.1 0.9 1.3 0.3 0.2 70

71 Retiree Health Care Funds 23.0 18.1 23.8 26.5 16.6 22.5 18.5 13.3 12.2 71

72 Claims of pension fund on sponsor 43.1 44.9 47.7 17.6 15.6 20.2 20.8 50.4 -9.3 72

73 Other accounts payable 38.7 11.8 28.7 22.2 -50.3 7.6 22.4 5.1 21.0 73

74 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 0.0 74

75 Trade payables 33.7 6.2 29.3 22.6 -56.2 5.2 8.8 13.4 19.7 75

76 Other (miscellaneous liabilities) 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 1.3 76

 Addendum:

77 Net lending (+) or borrowing (-), financial account (lines 35-62) -422.8 -310.4 -370.8 -789.1 -1298.2 -1414.9 -1352.4 -1123.2 -659.5 77

 Other changes in volume account

78 Total other volume changes -47.0 30.2 9.3 86.7 121.5 -29.0 48.5 50.5 25.2 78

79 Disaster losses -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 79

80 Other volume changes -20.3 47.4 26.3 95.2 -56.0 -122.8 3.8 -19.8 -13.6 80

81 Less: Statistical discrepancy (lines 33-77) (2) 26.2 17.2 17.0 8.5 -177.5 -93.8 -44.7 -70.2 -38.8 81

 Revaluation account

82 Nonfinancial assets 116.8 116.4 93.0 69.0 -36.0 61.3 69.3 50.0 67.5 82

83 Structures 94.1 95.2 60.7 44.0 -48.4 18.1 49.4 36.2 49.1 83

84 Equipment 7.3 10.4 7.6 11.8 8.6 5.0 12.2 2.0 1.9 84

85 Intellectual property products 15.4 10.8 24.8 13.2 3.8 38.2 7.7 11.9 16.5 85

86 Financial assets -2.1 0.8 0.7 -67.9 -121.6 -43.7 -33.2 -4.7 0.1 86

87 Monetary gold and SDRs -0.9 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 0.1 87

88 Currency and deposits -1.2 0.3 0.2 -0.0 0.3 -0.2 -0.5 0.0 0.0 88

89 Corporate equities 0.0 0.0 0.0 -67.7 -121.9 -41.5 -32.4 -4.7 0.0 89

90 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 0.0 90

91 Liabilities -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 91

92 SDR allocations -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 92

93 Changes in net worth due to nominal holding gains/losses 115.3 116.8 93.3 1.2 -157.9 18.5 36.4 45.3 67.6 93

 Changes in balance sheet account

94 Change in net worth (lines 29+33+78+93) -296.8 -123.3 -216.0 -663.6 -1471.5 -1465.5 -1273.2 -1079.3 -606.3 94

 Balance sheet account (end of period)

95 Total assets 3070.2 3238.1 3415.1 4121.6 4229.2 4569.7 4478.1 4654.0 4924.9 95

96 Nonfinancial assets (3) 2426.5 2579.8 2711.3 2829.2 2842.1 2957.5 3066.8 3137.2 3206.4 96

97 Structures 1176.5 1266.6 1325.4 1369.8 1326.1 1352.5 1406.9 1439.8 1480.6 97

98 Equipment 520.7 550.7 576.7 616.2 649.8 680.9 711.0 726.6 732.7 98

99 Intellectual property products 729.3 762.4 809.3 843.2 866.2 924.1 948.9 970.8 993.1 99

100 Financial assets 643.7 658.3 703.8 1292.3 1387.1 1612.2 1411.3 1516.8 1718.5 100

101 Monetary gold and SDRs 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 101

102 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 102

103 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 103
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S.7.a Federal Government

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2005 2006 2007 2008 2009 2010 2011 2012 2013

 

104 Currency and deposits 68.0 62.8 88.9 404.8 234.9 385.2 144.8 155.9 221.8 104

105 Official foreign currencies 18.7 20.2 22.5 23.4 25.0 25.7 25.6 24.7 23.6 105

106 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 12.6 30.3 34.4 31.0 106

107 Currency and transferable deposits 37.0 33.2 56.5 369.4 193.9 342.3 84.6 92.2 163.0 107

108 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 1.5 108

109 Nonofficial foreign currencies 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 109

110 Debt securities 0.0 0.0 0.0 54.4 197.0 150.1 31.9 0.6 0.6 110

111 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 0.0 111

112 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 0.6 112

113 Loans 271.2 294.3 301.1 340.1 506.8 641.7 778.3 914.4 1038.7 113

114 Short term 194.6 214.0 218.7 244.3 398.4 535.2 668.4 802.9 923.2 114

115 Consumer credit 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 729.8 115

116 Other loans and advances 104.8 105.3 103.1 109.1 175.3 179.0 183.7 186.2 193.4 116

117 Long term (mortgages) 76.6 80.3 82.4 95.8 108.4 106.6 109.9 111.5 115.5 117

118 Equity and investment fund shares 43.8 45.8 47.5 237.5 118.7 106.6 117.6 102.1 99.5 118

119 Corporate equities 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 35.1 119

120 Equity in international organizations 43.8 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 120

121 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 121

122 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 4.4 122

123 Other accounts receivable 252.5 246.5 257.0 246.2 271.8 271.7 283.7 288.7 302.8 123

124 Trade receivables 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 53.6 124

125 Taxes receivable 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.6 165.8 125

126 Other (miscellaneous assets) 89.9 91.0 91.4 62.0 94.3 84.5 83.2 79.8 83.4 126

127 Total liabilities and net worth 3070.2 3238.1 3415.1 4121.6 4229.2 4569.7 4478.1 4654.0 4924.9 127

128 Liabilities 7370.3 7661.5 8054.5 9424.6 11003.7 12809.7 13991.3 15246.5 16123.7 128

129 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 129

130 Currency and deposits 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 25.6 130

131 Debt securities 5584.8 5803.9 6074.3 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 131

132 Treasury securities 5560.9 5780.4 6051.2 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 132

133 Federal agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 24.5 133

134 Loans (mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 134

135 Insurance, pension and standardized guarantee schemes 1540.9 1606.0 1699.9 1746.4 1825.8 1982.4 2017.0 2078.6 2079.5 135

136 Insurance reserves 42.7 44.2 45.8 46.7 47.8 48.7 50.0 50.3 50.5 136

137 Retiree Health Care Funds 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 246.9 137

138 Claims of pension fund on sponsor 1422.8 1468.3 1516.8 1535.8 1597.6 1730.8 1745.6 1793.6 1782.1 138

139 Other accounts payable 210.2 216.1 245.2 267.2 213.7 218.5 226.9 239.8 259.1 139

140 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 140

141 Trade payables 202.6 208.8 238.2 260.7 204.5 209.7 218.5 231.9 251.6 141

142 Other (miscellaneous liabilities) 5.4 5.1 4.9 4.3 4.0 3.6 3.2 2.8 2.3 142

143 Net worth -4300.1 -4423.4 -4639.4 -5303.0 -6774.5 -8240.0 -9513.2 -10592.5 -11198.8 143

Note. The Federal government accounts exclude Federal employee retirement funds.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.

IMF International Monetary Fund

SDRs Special Drawing Rights
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 Current account

 1 Gross value added 1191.7 1250.3 1318.5 1385.2 1419.4 1454.2 1471.4 1496.5 1533.6 1

 2 Less: Consumption of fixed capital 157.3 170.3 186.6 200.2 208.2 212.7 222.2 231.9 238.5 2

 3 Equals: Net value added 1034.4 1080.0 1131.9 1185.0 1211.3 1241.5 1249.2 1264.6 1295.1 3

 4 Compensation of employees (paid) 1041.8 1091.1 1150.4 1207.1 1232.6 1261.3 1266.5 1275.0 1302.6 4

 5 Wages and salaries 728.0 763.3 805.6 847.4 862.9 862.6 863.1 870.6 887.2 5

 6 Employers’ social contributions 313.7 327.8 344.9 359.7 369.7 398.7 403.5 404.4 415.4 6

 7 Operating surplus, net -7.3 -11.1 -18.5 -22.0 -21.4 -19.8 -17.4 -10.4 -7.5 7

 8 Net national income/Balance of primary incomes, net 804.2 868.3 910.7 901.6 811.0 829.5 864.6 880.3 918.4 8

 9 Operating surplus, net -7.3 -11.1 -18.5 -22.0 -21.4 -19.8 -17.4 -10.4 -7.5 9

10 Taxes on production and imports, receivable 835.1 892.7 940.0 947.9 934.8 960.4 994.0 1016.9 1052.2 10

11 Subsidies (paid) -0.4 -0.4 -7.1 -3.0 -1.4 -1.6 -0.5 -0.5 -0.5 11

12 Property income (received) 88.6 107.2 117.9 105.7 87.8 82.6 79.2 75.4 74.3 12

13 Interest 76.8 94.7 104.2 91.0 74.4 69.1 64.8 59.8 58.0 13

14 Distributed income of corporations (dividends) 2.0 2.1 2.2 2.6 2.1 2.3 2.6 3.3 3.7 14

15 Rents on land and natural resources 9.8 10.4 11.5 12.1 11.2 11.2 11.7 12.3 12.6 15

16 Less: Uses of property income (interest paid) 111.8 120.1 121.5 127.0 188.8 192.1 190.7 201.2 200.1 16

17 Net national income/Balance of primary incomes, net 804.2 868.3 910.7 901.6 811.0 829.5 864.6 880.3 918.4 17

18 Plus: Current taxes on income, wealth, etc. (received) 331.4 361.7 381.4 381.0 333.4 345.3 374.3 399.2 427.6 18

19 Plus: Social benefits (received) 24.6 21.5 18.9 18.7 18.6 18.1 18.2 18.0 18.6 19

20 Less: Social contributions (paid) 406.6 403.9 433.3 455.4 492.6 523.8 530.4 540.0 562.3 20

21 Plus: Other current transfers (received) 436.4 438.9 460.9 477.8 566.1 612.0 582.1 558.0 571.2 21

22 Less: Other current transfers (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Equals: Disposable income, net 1190.0 1286.5 1338.6 1323.7 1236.4 1281.0 1308.9 1315.5 1373.6 23

24 Less: Final consumption expenditures 1256.6 1325.9 1411.4 1488.7 1508.4 1518.3 1524.8 1536.3 1560.7 24

25 Equals: Net saving -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -215.9 -220.8 -187.1 25

 Capital account

26 Net saving less capital transfers -16.2 18.4 -13.4 -101.8 -204.2 -160.6 -142.1 -146.6 -115.7 26

27 Net saving -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -215.9 -220.8 -187.1 27

28 Less: Capital transfers paid (net) -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.8 -74.2 -71.4 28

29 Capital formation, net 143.5 155.0 167.9 172.5 167.2 149.7 127.6 107.0 94.0 29

 Gross fixed capital formation (acquisition of

30 produced nonfinancial assets) 290.8 314.3 340.8 358.8 363.0 351.9 340.5 329.7 322.9 30

31 Less: Consumption of fixed capital 157.3 170.3 186.6 200.2 208.2 212.7 222.2 231.9 238.5 31

32 Acquisition of nonproduced nonfinancial assets 10.0 11.0 13.6 13.8 12.3 10.6 9.2 9.1 9.6 32

33 Net lending (+) or borrowing (-), capital account (lines 26-29) -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -269.6 -253.6 -209.7 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -269.6 -253.6 -209.7 34

35 Net acquisition of financial assets 251.6 209.9 240.1 -109.4 30.1 80.0 -29.4 90.6 13.0 35

36 Currency and deposits 19.0 23.1 32.6 25.5 30.3 0.2 32.8 12.9 25.2 36

37 Currency and transferable deposits 15.8 5.5 -0.4 8.2 19.6 5.7 16.6 -9.2 7.3 37

38 Time and savings deposits 3.2 17.6 32.9 17.3 10.7 -5.5 16.2 22.1 17.9 38

39 Debt securities 154.1 112.5 136.7 -95.4 -33.6 56.8 -62.6 33.7 -41.1 39

40 Open market paper -0.4 -1.0 -2.2 -22.4 -38.2 13.4 -12.2 -6.6 -8.5 40

41 Treasury securities 106.9 59.0 77.8 -47.5 -14.5 8.8 -34.4 49.1 -10.7 41

42 Agency- and GSE-backed securities (1) 35.0 40.1 44.9 -19.8 13.5 24.9 -14.0 -13.6 -23.4 42

43 Municipal securities 1.2 1.4 1.7 0.4 1.1 1.4 0.2 0.4 0.1 43

44 Corporate and foreign bonds 11.3 13.0 14.5 -6.1 4.5 8.2 -2.2 4.5 1.4 44

45 Loans 19.8 22.5 25.3 -17.3 6.6 13.2 -4.9 13.1 6.2 45

46 Short term 5.5 6.0 6.3 -12.5 -3.3 -0.8 -4.7 5.6 3.4 46

47 Long term (mortgages) 14.4 16.5 19.0 -4.8 9.9 14.0 -0.1 7.5 2.9 47

48 Equity and investment fund shares 21.1 24.3 27.5 -6.6 11.2 17.7 -1.5 10.1 4.8 48

49 Money market fund shares 13.4 15.6 18.0 2.3 10.8 14.5 2.1 6.5 3.6 49

50 Corporate equities 4.3 4.7 5.0 -8.1 -1.6 0.2 -3.4 2.4 0.8 50

51 Mutual fund shares 3.4 4.0 4.5 -0.8 2.0 3.0 -0.2 1.2 0.4 51

52 Other accounts receivable 37.5 27.6 18.0 -15.7 15.6 -7.9 6.8 20.9 17.9 52

53 Trade receivables 17.4 8.9 7.8 -15.4 -4.6 13.1 5.6 5.3 8.9 53

54 Taxes receivable 14.3 12.1 3.0 5.2 -5.8 1.0 2.3 8.4 3.6 54

55 Other (miscellaneous assets) 5.8 6.6 7.3 -5.6 25.9 -22.0 -1.1 7.2 5.4 55
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2005 2006 2007 2008 2009 2010 2011 2012 2013

 

56 Net incurrence of liabilities 246.4 237.8 326.7 241.9 465.7 357.1 302.0 345.0 243.5 56

57 Debt securities (municipals) 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 -39.4 57

58 Short term -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 3.8 -10.9 58

59 Other 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 -9.4 -28.6 59

60 Loans (short term) 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 0.5 60

61 Insurance, pension and standardized guarantee schemes 72.8 102.6 143.3 185.3 313.8 249.1 316.3 312.2 244.4 61

 (Claim of pension funds on sponsor)

62 Other accounts payable (trade payables) 31.9 34.3 36.7 38.6 38.9 38.5 38.4 38.1 38.0 62

 Addendum:

63 Net lending (+) or borrowing (-), financial account (lines 35-56) 5.2 -27.9 -86.6 -351.3 -435.6 -277.2 -331.4 -254.4 -230.6 63

 Other changes in volume account

64 Total other volume changes 185.0 277.4 207.6 -946.7 334.8 44.8 -66.7 276.2 603.8 64

65 Disaster losses -10.7 0.0 0.0 0.0 0.0 0.0 0.0 -7.6 0.0 65

66 Other volume changes 30.9 168.7 113.0 -869.7 399.0 11.7 -5.0 284.5 624.6 66

67 Less: Statistical discrepancy (lines 33-63) (2) -164.9 -108.7 -94.6 77.0 64.3 -33.1 61.8 0.8 20.9 67

 Revaluation account

68 Nonfinancial assets 473.4 605.0 460.9 411.4 -105.1 175.7 392.7 225.9 249.7 68

69 Structures 472.2 602.7 457.9 403.0 -104.3 171.9 389.2 222.6 246.0 69

70 Equipment 0.4 1.1 0.6 6.6 -1.1 2.4 1.6 1.9 1.8 70

71 Intellectual property products 0.8 1.1 2.4 1.8 0.3 1.4 1.9 1.4 1.9 71

72 Equity and investment fund shares 5.4 16.9 5.2 -61.0 33.5 21.6 1.9 18.4 38.2 72

73 Changes in net worth due to nominal holding gains/losses 478.9 621.8 466.0 350.4 -71.7 197.4 394.6 244.3 287.9 73

 Changes in balance sheet account

74 Change in net worth (lines 29+33+64+73) 647.7 917.6 660.3 -698.1 58.9 81.6 185.8 373.9 776.0 74

 Balance sheet account (end of period)

75 Total assets 8575.1 9550.9 10410.9 10809.2 10918.9 11331.7 11812.9 12248.3 12631.4 75

76 Nonfinancial assets (3) 6259.0 7008.0 7623.1 8193.3 8243.0 8557.5 9068.6 9384.7 9718.9 76

77 Structures 5976.8 6715.1 7314.8 7863.3 7903.6 8207.7 8711.9 9022.9 9350.3 77

78 Equipment 206.9 212.7 221.5 236.4 240.9 245.4 246.5 246.7 248.4 78

79 Intellectual property products 75.3 80.2 86.9 93.6 98.5 104.4 110.2 115.2 120.1 79

80 Financial assets 2316.2 2542.9 2787.8 2615.9 2675.9 2774.2 2744.3 2863.5 2912.6 80

81 Currency and deposits 235.2 258.2 290.8 316.3 346.7 346.9 379.6 411.6 436.8 81

82 Currency and transferable deposits 66.1 71.6 71.3 79.5 99.1 104.8 121.4 117.6 124.9 82

83 Time and savings deposits 169.1 186.6 219.6 236.9 247.6 242.1 258.2 294.1 312.0 83

84 Debt securities 1216.6 1329.1 1465.7 1370.4 1336.8 1393.5 1330.9 1364.6 1323.5 84

85 Open market paper 153.2 152.1 149.9 127.5 89.3 102.7 90.5 83.9 75.4 85

86 Treasury securities 512.1 571.1 648.9 601.4 586.8 595.7 561.2 610.3 599.6 86

87 Agency- and GSE-backed securities (1) 413.1 453.1 498.1 478.3 491.8 516.7 502.7 489.1 465.7 87

88 Municipal securities 6.9 8.4 10.0 10.4 11.5 12.9 13.2 13.5 13.6 88

89 Corporate and foreign bonds 131.4 144.3 158.8 152.8 157.3 165.5 163.3 167.7 169.1 89

90 Loans 288.7 311.2 336.0 317.0 320.1 330.3 323.3 334.4 339.5 90

91 Short term 129.9 135.9 142.2 129.8 126.5 125.7 120.9 126.5 129.9 91

92 Long term (mortgages) 158.8 175.3 193.8 187.3 193.7 204.7 202.4 207.9 209.6 92

93 Equity and investment fund shares 246.4 287.6 320.3 252.7 297.3 336.7 337.0 365.6 408.6 93

94 Money market fund shares 89.8 105.4 123.4 125.7 136.6 151.1 153.2 159.7 163.3 94

95 Corporate equities 116.0 133.0 141.8 90.8 112.2 126.9 124.7 139.3 165.3 95

96 Mutual fund shares 40.7 49.2 55.1 36.2 48.6 58.7 59.1 66.6 80.0 96

97 Other accounts receivable 329.3 356.8 374.9 359.6 375.0 366.8 373.5 387.3 404.1 97

98 Trade receivables 142.5 151.3 159.1 143.7 139.1 152.2 157.8 163.1 172.0 98

99 Taxes receivable 102.3 114.4 117.4 123.0 117.1 117.8 120.0 121.3 123.8 99

100 Other (miscellaneous assets) 84.5 91.1 98.4 92.9 118.8 96.8 95.7 102.9 108.3 100

101 Total liabilities and net worth 8575.1 9550.9 10410.9 10809.2 10918.9 11331.7 11812.9 12248.3 12631.4 101

102 Liabilities 3425.5 3483.7 3683.4 4779.8 4830.6 5161.8 5457.3 5518.7 5125.9 102
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103 Debt securities (municipals) 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 2924.9 103

104 Short term 42.5 34.3 51.2 55.8 63.6 63.0 52.3 56.1 45.3 104

105 Other 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 2908.2 2879.6 105

106 Loans (short term) 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 16.2 106

107 Insurance, pension and standardized guarantee schemes 353.6 276.6 292.9 1332.8 1231.6 1454.8 1764.6 1793.3 1401.4 107

 (Claim of pension funds on sponsor)

108 Other accounts payable (trade payables) 482.0 516.2 553.0 591.6 630.5 669.0 707.4 745.5 783.4 108

109 Net worth 5149.6 6067.3 6727.5 6029.4 6088.3 6169.9 6355.7 6729.6 7505.5 109

Note. The state and local government accounts exclude state and local employee retirement funds.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.
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Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

 Current account

 1 Foreign income from U.S. 2692.0 3078.5 3334.4 3482.0 2712.0 3115.5 3485.8 3582.1 3616.9 1

 2 U.S. imports of goods and services 2030.1 2247.3 2383.2 2565.0 1983.2 2365.0 2686.4 2763.8 2771.7 2

 3 U.S. income payments to rest of world 483.2 656.6 750.1 684.9 497.8 514.1 546.0 563.9 575.8 3

 4 Current taxes and trans. payments to rest of world 178.7 174.6 201.2 232.0 231.0 236.4 253.4 254.3 269.5 4

 5 Less: Foreign outlays to U.S. 1954.3 2276.3 2616.3 2790.3 2330.1 2669.6 3004.2 3113.9 3221.2 5

 6 U.S. exports of goods and services 1308.9 1476.3 1664.6 1841.9 1587.7 1852.3 2106.4 2198.2 2263.3 6

 7 U.S. income receipts from rest of world 575.8 724.2 875.7 856.9 648.9 720.0 792.6 801.5 826.2 7

 8 Current taxes and trans. receipts from rest of world (1) 69.6 75.7 76.0 91.5 93.4 97.2 105.2 114.2 131.7 8

 9 Equals: Net saving (current external balance) 737.7 802.2 718.1 691.6 381.9 445.9 481.5 468.2 395.8 9

 Capital account

10 Net saving 737.7 802.2 718.1 691.6 381.9 445.9 481.5 468.2 395.8 10

11 Less: Net capital transfers 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.5 -0.8 11

12 Less: Acquisition of nonproduced nonfinancial assets 0.1 -0.1 0.5 -0.0 0.0 -0.0 -0.0 -0.1 0.0 12

13 Net lending (+) or borrowing (-), capital account (lines 10-11-12) 724.8 804.2 718.0 686.2 382.5 446.6 483.2 461.7 396.6 13

 Financial account

14 Net lending (+) or borrowing (-) (line 13) 724.8 804.2 718.0 686.2 382.5 446.6 483.2 461.7 396.6 14

15 Net acquisition of U.S. financial assets 1048.2 1479.7 1470.6 666.8 201.0 1087.5 1049.7 851.2 1155.8 15

16 Monetary gold and SDRs 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 16

17 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 0.0 18

19 Currency and deposits 24.8 50.7 -78.3 492.9 -284.3 -27.5 343.1 -29.9 415.5 19

20 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 55.0 57.1 37.7 20

21 Transferable deposits 6.4 9.2 5.2 34.8 -21.8 1.2 26.8 11.0 13.2 21

22 Time deposits 20.6 34.0 36.7 73.4 -73.3 4.9 47.3 38.0 52.5 22

23 Net interbank items due from U.S. banks -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 312.2 23

24 Debt securities 737.2 968.7 856.6 404.7 160.4 639.4 203.6 495.7 547.7 24

25 Open market paper 20.8 54.9 16.5 -59.0 -48.4 -10.7 0.7 -0.1 -1.7 25

26 Treasury securities 245.1 150.3 165.3 711.6 554.4 740.4 355.3 589.7 424.9 26

27 Agency- and GSE-backed securities (2) 139.8 217.1 239.5 -231.9 -226.0 -66.6 -41.6 -73.6 -83.7 27

28 Municipal securities 3.0 5.4 10.7 5.9 7.7 13.1 0.6 -0.6 4.3 28

29 Corporate bonds 328.5 541.0 424.6 -21.8 -127.3 -36.8 -111.5 -19.7 203.9 29

30 Loans (short term) 72.7 66.0 174.9 -674.3 -98.7 72.2 126.5 -59.1 31.1 30

31 Security repurchases 41.4 59.7 72.6 -629.7 -54.8 92.4 92.6 -6.9 35.3 31

32 Loans to U.S. corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -52.2 -4.2 32

33 Equity and investment fund shares 201.9 388.6 496.8 436.9 369.7 384.8 359.4 432.9 149.1 33

34 Money market fund shares 0.1 4.1 19.0 23.7 7.2 -7.1 4.6 22.6 11.3 34

35 Corporate equities 83.6 118.7 243.9 130.0 192.7 127.8 44.0 126.8 -58.7 35

36 Mutual fund shares 5.6 22.7 12.7 -26.9 19.4 58.2 74.7 89.7 -20.0 36

37 Foreign direct investment in the United States 112.6 243.2 221.2 310.1 150.4 205.9 236.1 193.8 216.6 37

38 Other accounts receivable 11.6 5.7 20.6 6.7 6.3 18.6 17.1 11.6 12.3 38

39 Net incurrence of liabilities 349.7 949.8 1319.0 -98.4 173.0 819.3 633.0 388.3 782.4 39

40 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 0.0 40

41 Currency and deposits 12.3 177.9 294.5 -326.3 -39.8 73.4 -197.3 -143.0 23.6 41

42 Official foreign currencies 0.6 0.7 1.0 1.3 0.7 0.5 -0.5 0.4 0.3 42

43 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.1 4.0 -3.4 43

44 U.S. private deposits 21.9 180.5 294.5 -331.0 -43.9 71.6 -215.0 -147.5 26.7 44

45 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 45

46 Debt securities 93.4 277.2 234.8 -211.9 236.6 124.7 128.2 159.0 202.8 46

47 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 34.0 47

48 Bonds 54.8 178.9 304.1 -140.8 177.2 127.4 181.7 131.2 168.9 48

49 Loans (short term) 3.4 65.4 173.3 160.5 -471.8 222.0 240.7 -14.8 -52.1 49

50 Security repurchases -7.1 55.9 123.2 -382.8 86.0 207.9 96.4 40.2 -84.0 50

51 Other loans and advances -6.8 -7.4 -3.3 -1.5 0.5 0.3 1.4 5.6 1.4 51

52 Depository institution loans n.e.c. 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 39.1 52

53 Nonoff. foreign currencies (swap lines) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 -8.6 53
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54 Equity and investment fund shares 243.8 425.6 605.7 282.8 399.3 393.1 459.2 386.3 598.3 54

55 Corporate equities 186.7 137.3 147.8 -38.6 63.7 79.2 7.0 95.8 284.3 55

56 U.S. government equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 2.2 56

57 U.S. direct investment abroad 36.2 244.9 414.0 329.1 310.4 301.1 419.1 339.7 328.6 57

58 Investment by holding companies 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 -16.9 58

59 Other accounts payable 1.3 3.5 10.7 -3.7 0.5 6.0 4.0 0.7 9.8 59

 Addendum:

60 Net lending (+) or borrowing (-), financial account (lines 15-39) 698.5 529.8 151.5 765.2 28.0 268.2 416.7 462.8 373.4 60

 Other changes in volume account

61 Total other volume changes -29.8 -143.4 -538.0 69.8 -339.9 -179.9 -70.6 -4.6 -17.4 61

62 Other volume changes -3.4 131.0 28.5 -9.2 14.5 -1.5 -4.2 -5.7 5.8 62

63 Less: Statistical discrepancy (lines 13-60) (3) 26.3 274.4 566.5 -79.0 354.4 178.4 66.5 -1.2 23.2 63

 Revaluation account

64 Financial assets -65.7 384.4 298.2 -1633.9 480.9 604.3 167.2 598.5 1026.0 64

65 Monetary gold and SDRs -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 0.1 65

66 Currency and deposits -0.3 -0.0 5.1 0.0 0.0 4.2 0.1 -0.2 -0.7 66

67 Debt securities -206.6 36.6 157.6 -148.8 64.0 132.3 293.5 120.5 -324.4 67

68 Open market paper -1.7 1.6 -3.6 -1.8 0.1 -4.3 -0.2 0.2 0.3 68

69 Treasury securities -74.3 -8.5 85.0 164.9 -136.8 47.9 190.3 -22.6 -202.6 69

70 Agency- and GSE-backed securities 4.7 35.0 79.1 57.3 -26.2 12.4 23.9 -3.4 -33.8 70

71 Corporate bonds -135.3 8.5 -2.9 -369.3 226.9 76.3 79.4 146.3 -88.3 71

72 Equity and investment fund shares 142.1 347.3 134.8 -1484.6 416.3 468.7 -126.1 478.2 1347.0 72

73 Corporate equities 82.1 323.1 152.1 -1161.0 540.5 429.8 -56.8 429.0 1310.1 73

74 Mutual fund shares 9.4 19.3 12.1 -65.0 25.5 19.4 -8.3 35.4 76.6 74

75 Foreign direct investment in the United States 50.6 4.9 -29.3 -258.6 -149.6 19.6 -61.0 13.8 -39.7 75

76 Other accounts receivable -0.3 0.2 0.3 -0.3 0.3 0.1 -0.1 0.0 3.9 76

77 Liabilities 642.4 949.7 1059.8 -2788.6 1381.3 797.1 -709.0 949.5 739.0 77

78 SDR holdings -0.9 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 0.1 78

79 Currency and deposits -5.3 2.9 -0.4 0.2 -0.0 -25.2 -22.7 -1.8 -3.9 79

80 Official foreign currencies -5.5 2.3 3.8 2.5 0.3 1.1 0.3 -2.3 -2.6 80

81 Reserve position in IMF (net) -1.2 0.3 0.2 -0.0 0.3 -0.2 -0.5 0.0 0.0 81

82 U.S. private deposits 1.4 0.2 -4.4 -2.3 -0.7 -26.1 -22.5 0.4 -1.3 82

83 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 83

84 Debt securities (corporate bonds) -38.6 20.6 97.3 -193.7 179.3 102.5 54.2 148.4 -119.1 84

85 Loans (other loans and advances) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85

86 Equity and investment fund shares 687.6 925.5 962.1 -2594.7 1201.6 720.9 -740.4 803.0 860.4 86

87 Corporate equities 570.6 873.9 771.2 -2461.0 1183.2 825.8 -647.3 724.7 866.7 87

88 U.S. direct investment abroad 117.0 51.5 190.9 -133.7 18.5 -104.9 -93.1 78.3 -6.3 88

89 Other accounts payable -0.4 0.3 0.3 -0.3 0.1 -0.0 0.0 -0.1 1.5 89

90 Changes in net worth due to nominal holding gains/losses -708.1 -565.2 -761.7 1154.7 -900.5 -192.9 876.2 -351.0 286.9 90

 Changes in balance sheet account

91 Change in net worth (lines 13+61+89) -13.0 95.6 -581.7 1910.8 -857.9 73.9 1288.7 106.1 666.1 91

 Financial balance sheet account (end of period) (4)

92 Total financial assets 10678.1 12803.2 14571.9 13699.4 14362.3 16054.1 17513.0 18962.6 21136.5 92

93 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 54.4 93

94 Currency and deposits 560.1 610.7 537.5 1030.4 746.1 722.8 1066.0 1035.9 1450.7 94

95 Currency 280.4 282.6 272.0 301.1 313.8 342.1 397.1 454.2 491.9 95

96 Transferable deposits 19.7 28.9 34.2 69.0 47.2 48.4 75.2 86.2 99.4 96

97 Time deposits 223.2 257.2 298.9 372.4 299.2 308.2 355.6 393.4 445.1 97

98 Net interbank items due from U.S. banks 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 414.2 98
Inte

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Historical Annuals, 2005-2013, September 18, 2015 159

S.9.a Rest of the World 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012 2013

 

99 Debt securities 4980.2 5985.4 6999.6 7255.5 7479.9 8251.6 8748.7 9364.8 9588.1 99

100 Open market paper 156.8 213.3 226.3 165.5 117.2 102.1 102.7 102.8 101.3 100

101 Treasury securities 1984.4 2126.2 2376.4 3253.0 3670.6 4458.8 5004.4 5571.5 5793.8 101

102 Agency- and GSE-backed securities (2) 1006.1 1258.2 1576.8 1402.2 1150.0 1095.8 1078.2 1001.2 883.8 102

103 Municipal securities 29.0 34.4 45.1 51.0 58.7 71.7 72.4 71.8 76.1 103

104 Corporate bonds 1803.8 2353.3 2775.0 2383.9 2483.5 2523.1 2491.0 2617.6 2733.1 104

105 Loans (short term) 867.6 1194.5 1369.5 789.6 671.9 744.0 874.6 815.5 846.6 105

106 Security repurchases 705.0 1025.8 1098.4 563.2 489.4 581.8 678.5 671.6 706.9 106

107 Loans to U.S. corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 143.9 139.7 107

108 Equity and investment fund shares 4210.0 4946.0 5577.6 4529.8 5315.9 6169.4 6640.6 7551.7 9047.8 108

109 Money market fund shares 23.0 27.0 46.0 69.7 76.9 69.8 74.4 96.9 108.2 109

110 Corporate equities 2118.4 2560.2 2956.2 1925.2 2658.4 3216.0 3397.2 3953.0 5204.4 110

111 Mutual fund shares 162.7 204.7 229.5 137.6 182.4 260.0 370.4 495.4 552.0 111

112 Foreign direct investment in the United States 1906.0 2154.1 2345.9 2397.4 2398.2 2623.6 2798.7 3006.3 3183.2 112

113 Other accounts receivable 53.3 59.2 80.0 86.5 93.1 111.8 128.8 140.5 148.8 113

114 Total liabilities and net worth 10678.1 12803.2 14571.9 13699.4 14362.3 16054.1 17513.0 18962.6 21136.5 114

115 Total liabilities 9027.4 11056.9 13407.3 10624.0 12144.8 13762.7 13932.9 15276.4 16784.2 115

116 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 55.2 116

117 Currency and deposits 1213.8 1394.5 1688.6 1362.5 1322.7 1370.8 1150.8 1005.9 1025.6 117

118 Official foreign currencies 37.6 40.7 45.5 49.3 50.2 51.8 51.6 49.7 47.4 118

119 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 12.5 30.1 34.2 30.8 119

120 U.S. private deposits 1165.5 1346.1 1636.2 1302.9 1258.4 1303.9 1066.4 919.4 944.8 120

121 Nonofficial foreign currencies 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 121

122 Debt securities 1208.8 1506.6 1838.7 1433.2 1849.1 2076.3 2258.7 2566.1 2649.9 122

123 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 407.0 123

124 Bonds 824.8 1024.3 1425.7 1091.2 1447.8 1677.6 1913.6 2193.1 2242.9 124

125 Loans (short term) 522.8 718.2 863.0 1127.2 621.9 845.4 1090.7 1081.7 1029.5 125

126 Security repurchases 381.0 566.9 681.1 402.3 454.8 663.7 764.7 804.9 720.9 126

127 Other loans and advances 31.4 23.9 20.7 18.9 19.3 19.6 21.0 30.2 31.6 127

128 Depository institution loans n.e.c. 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 276.7 128

129 Nonoff. foreign currencies (swap lines) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 8.9 0.3 129

130 Equity and investment fund shares 6040.4 7391.4 8959.2 6647.3 8248.2 9362.3 9322.6 10511.9 11970.6 130

131 Corporate equities 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5321.9 6472.9 131

132 U.S. government equity in IBRD, etc. 43.8 45.8 47.5 48.8 50.5 52.8 55.4 57.8 60.0 132

133 U.S. direct investment abroad 2651.7 2948.2 3553.1 3748.5 4077.4 4273.6 4599.5 5017.5 5339.8 133

134 Investment by holding companies 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 97.9 134

135 Other accounts payable 33.6 37.4 48.4 44.4 45.1 51.1 55.1 55.7 53.4 135

136 Net worth (external account) 1650.7 1746.3 1164.7 3075.4 2217.5 2291.3 3580.1 3686.2 4352.3 136

(1) Prior to 1999, current taxes, contributions for government social insurance, and transfer receipts from the rest of the world (line 8) are not separately displayed, and line 4 includes

 current taxes and transfer payments to the rest of the world net of current taxes, contributions for government social insurance, and transfer receipts from the rest of the world.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes nonfinancial assets, including nonproduced nonfinancial assets.

IBRD International Bank for Reconstruction and Development

IMF International Monetary Fund

SDRs Special Drawing Rights

n.e.c. Not elsewhere classified