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F.100 Households and Nonprofit Organizations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Personal income 12082.1 12435.2 13191.3 13743.8 13548.6 13651.8 13701.6 14073.1 13925.9 14086.2 14233.3 1

 2 - Personal current taxes 1144.9 1191.5 1404.0 1498.0 1462.8 1480.0 1496.4 1552.8 1629.0 1668.8 1664.6 2

 3 = Disposable personal income 10937.2 11243.7 11787.4 12245.8 12085.7 12171.9 12205.1 12520.4 12296.9 12417.4 12568.7 3

 4 - Personal outlays 10266.5 10609.5 11119.1 11558.4 11428.4 11507.9 11601.0 11696.2 11794.9 11837.0 11939.6 4

 5 = Personal saving, NIPA (2) 670.7 634.2 668.2 687.4 657.3 663.9 604.1 824.1 502.0 580.4 629.1 5

 6 + Government insurance and pension reserves (3) 0.5 -1.7 -0.4 -1.4 -2.4 -0.2 -1.6 -1.6 -1.9 -0.4 -2.6 6

 7 + Net investment in consumer durables 50.3 86.9 121.9 160.4 155.3 150.8 159.3 176.2 212.3 214.3 221.4 7

 8 + Consumption of fixed capital 1323.8 1318.6 1342.2 1373.0 1355.8 1367.4 1379.2 1389.6 1373.3 1390.0 1403.5 8

 9 - Net capital transfers paid (4) -28.4 -20.6 2.1 -5.1 7.2 8.5 10.4 -46.5 15.5 16.3 18.6 9

 10 = Gross saving less net capital transfers paid 2073.6 2058.5 2129.8 2224.5 2158.9 2173.5 2130.5 2434.9 2070.3 2168.0 2232.7 10

 11 Gross investment 2265.8 2640.3 2870.5 2594.7 2293.7 2975.8 2261.3 2848.1 3243.2 2427.1 1720.3 11

 12 Capital expenditures 1429.3 1448.9 1509.6 1613.2 1580.6 1590.1 1618.9 1663.1 1692.5 1724.4 1762.0 12

 13 Residential 321.0 318.3 317.1 354.3 338.7 343.5 357.4 377.7 392.1 411.1 430.8 13

 14 Consumer durable goods 970.8 1005.0 1061.2 1123.5 1106.3 1111.0 1127.1 1149.7 1162.9 1174.7 1189.5 14

 15 Nonprofit nonresidential 147.1 134.1 139.6 143.8 144.1 144.1 142.8 144.1 145.7 146.5 149.4 15

 16 Nonproduced nonfinancial assets -9.7 -8.5 -8.3 -8.4 -8.5 -8.5 -8.5 -8.3 -8.1 -7.9 -7.7 16

 17 Net lending (+) or net borrowing (-) 836.5 1191.4 1361.0 981.5 713.0 1385.6 642.4 1185.0 1550.7 702.7 -41.6 17

 18 Net acquisition of financial assets 654.6 910.4 1148.8 1077.1 700.5 1488.0 540.1 1579.7 1478.3 784.6 392.0 18

 19 Foreign deposits -6.6 -0.6 -2.8 -1.8 -3.7 -6.7 8.5 -5.3 5.8 21.0 10.3 19

 20 Checkable deposits and currency 105.7 35.9 329.0 84.5 72.2 -58.9 29.8 295.0 149.7 -143.3 -33.3 20

 21 Time and savings deposits 106.0 159.0 372.0 421.6 433.3 453.0 139.1 661.1 107.3 213.5 269.4 21

 22 Money market fund shares -268.6 -183.5 40.7 -3.1 15.4 -8.0 -18.0 -2.0 60.2 95.3 56.2 22

 23 Credit market instruments 47.7 16.3 -155.7 22.5 -289.7 565.1 -457.0 271.9 -456.0 -233.4 -474.2 23

 24 Open market paper 16.7 -1.5 -1.8 -0.3 2.0 -2.6 -0.4 -0.4 3.9 -18.4 -12.4 24

 25 Treasury securities 536.3 324.2 -222.4 229.2 24.0 620.2 38.0 234.7 -85.8 -117.2 -589.5 25

 26 Savings bonds -2.8 -3.3 -2.7 -2.8 -1.4 -2.1 -2.5 -5.0 -2.5 -3.7 -3.3 26

 27 Other 539.1 327.5 -219.7 232.0 25.5 622.3 40.5 239.7 -83.3 -113.5 -586.2 27

 28 Agency- and GSE-backed securities -673.4 -6.0 11.2 -122.4 -340.9 18.6 -218.6 51.1 -325.2 -119.8 -81.3 28

 29 Municipal securities 107.1 43.7 -64.8 -152.3 -122.9 1.5 -238.6 -249.0 36.9 44.0 -111.0 29

 30 Corporate and foreign bonds 75.1 -319.4 132.1 98.5 168.5 -36.5 -4.3 266.2 -65.6 -2.5 340.0 30

 31 Other loans and advances (5) -5.3 -0.6 -2.8 -2.5 12.6 -13.3 -0.5 -8.7 7.1 5.4 5.0 31

 32 Mortgages -3.0 -13.7 -3.2 -20.3 -21.0 -20.9 -19.2 -20.2 -18.8 -20.3 -20.2 32

 33 Consumer credit (student loans) -5.8 -10.4 -3.9 -7.4 -12.2 -2.0 -13.6 -1.8 -8.6 -4.5 -4.7 33

 34 Corporate equities (6) -5.7 -186.8 -288.9 -330.9 -320.5 29.5 -391.0 -641.7 92.7 -321.4 -400.4 34

 35 Mutual fund shares 334.1 227.7 218.7 401.5 347.3 174.8 710.5 373.2 998.4 496.7 421.1 35

 36 Security credit -74.1 25.7 58.1 23.6 39.6 61.5 10.1 -16.6 26.1 150.9 24.9 36

 37 Life insurance reserves 23.7 9.0 86.9 -26.3 -46.6 -82.2 0.2 23.5 -20.2 9.9 30.8 37

 38 Pension entitlements (7) 427.4 614.7 473.0 497.1 464.6 381.6 526.3 615.6 464.0 479.4 506.4 38

 39 Equity in noncorporate business -69.9 187.1 -52.7 -5.8 25.5 0.6 -11.0 -38.4 89.8 11.1 -18.4 39

 40 Miscellaneous assets 34.9 6.0 70.4 -5.8 -37.0 -22.4 -7.4 43.5 -39.6 5.0 -0.8 40

 41 Net increase in liabilities -181.9 -281.0 -212.2 95.5 -12.5 102.3 -102.3 394.7 -72.4 81.9 433.6 41

 42 Credit market instruments -231.2 -380.3 -186.5 28.5 -142.0 185.1 -202.7 273.8 -86.5 105.1 393.2 42

 43 Home mortgages (8) -160.0 -396.0 -228.9 -235.9 -335.5 -208.3 -313.5 -86.3 -193.7 -98.1 87.4 43

 44 Consumer credit -103.7 -25.3 108.9 169.4 148.5 205.7 136.3 186.9 180.5 173.8 179.3 44

 45 Municipal securities 5.9 -2.2 -7.8 -14.5 -6.5 -17.5 -15.4 -18.5 -6.5 -14.6 -13.4 45

 46 Depository institution loans n.e.c. (9) 33.0 52.4 -53.9 111.5 59.7 210.5 -8.1 184.1 -64.3 36.2 131.6 46

 47 Other loans and advances 0.5 2.4 1.9 1.2 -1.2 -0.6 2.6 4.2 0.5 3.7 1.9 47

 48 Commercial mortgages -6.8 -11.5 -6.7 -3.2 -7.0 -4.7 -4.6 3.4 -3.1 4.2 6.4 48

 49 Security credit 38.1 75.2 -39.3 64.9 115.4 -93.1 98.7 138.4 16.4 -21.2 44.6 49

 50 Trade payables 16.0 21.4 14.0 1.5 6.6 2.8 -0.0 -3.2 -6.4 -9.4 -0.6 50

 51 Deferred and unpaid life insurance premiums -4.9 2.7 -0.4 0.6 7.5 7.4 1.7 -14.3 4.1 7.4 -3.7 51

 52 Discrepancy -192.2 -581.8 -740.8 -370.3 -134.7 -802.3 -130.8 -413.2 -1172.9 -259.2 512.4 52

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

 outstandings of nonprofit organizations.

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

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

(4) Table F.9, line 63.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance and pension reserves (lines 36 and 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.108, line 21.
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Z.1, December 9, 2013 19

F.101 Nonfinancial Business (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Income before taxes 1869.7 2233.6 2382.4 2739.2 2714.4 2724.8 2729.1 2788.6 2867.2 2895.7 2929.8 1

 2 Gross saving less net capital transfers paid 1693.9 1931.4 2048.3 2119.8 2091.9 2128.6 2106.0 2152.6 2143.6 2208.6 2191.9 2

 3 Gross investment 1819.3 1644.0 1195.3 1997.0 1970.7 2076.2 1968.2 1972.9 2061.9 2036.2 1994.3 3

 4 Capital expenditures 1249.5 1479.9 1593.1 1777.9 1775.2 1767.9 1794.8 1773.8 1808.4 1869.7 1942.2 4

 5 Fixed investment 1390.8 1419.5 1557.5 1712.3 1672.7 1701.6 1713.6 1761.2 1746.0 1793.3 1796.6 5

 6 Residential 71.3 58.1 62.4 79.5 74.8 75.8 81.1 86.2 93.3 112.5 97.2 6

 7 Nonresidential 1319.5 1361.4 1495.1 1632.8 1597.9 1625.8 1632.5 1674.9 1652.6 1680.9 1699.5 7

 8 Change in inventories -147.6 61.5 36.4 66.1 102.9 66.8 81.6 13.0 63.4 77.2 146.0 8

 9 Nonproduced nonfinancial assets 6.3 -1.1 -0.9 -0.4 -0.4 -0.5 -0.4 -0.4 -1.0 -0.9 -0.5 9

 10 Net lending (+) or net borrowing (-) 569.8 164.1 -397.8 219.1 195.5 308.3 173.4 199.1 253.5 166.5 52.2 10

 11 Net acquisition of financial assets 185.4 784.9 508.8 958.3 998.8 979.3 944.1 911.0 1020.6 1000.1 1084.5 11

 12 Foreign deposits 6.8 9.1 -5.8 -21.4 -52.1 -45.2 -4.2 15.8 62.0 108.9 -37.6 12

 13 Checkable deposits and currency 85.6 76.8 27.1 105.9 62.3 147.3 137.2 76.7 167.5 -23.7 219.8 13

 14 Time and savings deposits 172.1 62.8 16.9 29.3 45.7 -16.2 39.6 48.1 40.1 72.3 134.4 14

 15 Money market fund shares -73.1 -154.6 -34.6 -3.1 -68.4 -46.1 28.7 73.3 -37.1 -43.5 78.8 15

 16 Security repurchase agreements 0.7 4.3 0.4 -2.2 5.4 -0.3 -10.6 -3.5 -1.6 -1.0 6.5 16

 17 Credit market instruments 3.3 9.3 -5.7 9.9 9.9 19.3 60.0 -49.6 -111.0 -2.1 58.8 17

 18 Commercial paper -1.3 12.0 -0.1 -7.5 -22.2 -8.0 15.6 -15.5 0.3 -26.0 7.0 18

 19 Treasury securities 6.8 7.0 -4.6 7.8 -5.5 40.4 18.3 -21.9 -33.6 18.6 22.0 19

 20 Agency- and GSE-backed securities 4.2 1.7 -1.7 -2.6 -1.9 3.3 5.9 -17.7 -31.5 5.7 6.9 20

 21 Municipal securities 1.1 -2.6 -1.6 12.2 13.1 -11.3 22.3 24.8 -54.7 1.2 30.7 21

 22 Mortgages -5.3 2.6 -0.1 -0.0 -0.3 -0.2 -0.1 0.5 0.3 0.6 0.7 22

 23 Consumer credit -2.2 -11.4 2.3 0.0 26.7 -5.0 -1.9 -19.9 8.2 -2.3 -8.4 23

 24 Mutual fund shares 35.3 11.1 -12.8 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 24

 25 Trade receivables -57.4 142.8 88.9 89.1 144.8 109.1 92.9 9.8 167.7 165.4 133.5 25

 26 Miscellaneous assets 12.0 623.3 434.5 752.4 852.8 812.9 602.0 742.0 734.6 725.3 491.9 26

 27 Net increase in liabilities -384.4 620.8 906.6 739.3 803.3 671.0 770.7 712.0 767.0 833.6 1032.3 27

 28 Credit market instruments -255.7 170.9 547.3 720.1 534.4 598.5 618.8 1128.8 625.0 933.9 980.7 28

 29 Commercial paper -73.1 24.5 33.4 14.0 -7.9 29.0 -35.5 70.5 21.2 -19.0 92.7 29

 30 Municipal securities 37.2 33.2 8.5 15.2 13.1 26.2 9.7 11.9 11.3 6.4 20.6 30

 31 Corporate bonds 411.7 438.6 410.8 579.6 523.2 426.0 587.1 782.0 578.0 570.8 729.3 31

 32 Depository institution loans n.e.c. -336.0 -103.8 125.6 166.1 200.5 173.0 118.8 172.0 55.4 115.3 103.2 32

 33 Other loans and advances -166.1 -85.7 64.5 -19.0 -76.4 1.2 -14.9 14.1 15.2 142.3 -111.2 33

 34 Mortgages -129.4 -135.9 -95.4 -35.7 -118.0 -56.8 -46.5 78.3 -56.1 118.1 146.1 34

 35 Corporate equities -62.1 -277.5 -472.3 -399.7 -291.4 -507.9 -395.6 -404.0 -256.3 -424.1 -369.2 35

 36 Trade payables -65.8 186.6 32.8 121.5 154.4 148.6 132.8 50.1 156.4 80.7 70.1 36

 37 Taxes payable -9.5 6.4 9.9 7.8 -2.5 20.8 -9.2 21.8 -15.7 -18.4 -29.3 37

 38 Miscellaneous liabilities 79.2 348.2 839.8 301.9 412.3 415.6 431.4 -51.7 162.6 251.3 382.5 38

 39 Proprietors’ net investment -70.4 186.2 -51.0 -12.3 -3.9 -4.7 -7.4 -33.0 95.1 10.1 -2.5 39

 40 Discrepancy -125.4 287.4 853.0 122.8 121.2 52.3 137.7 179.7 81.7 172.4 197.5 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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20 Z.1, December 9, 2013

F.102 Nonfinancial Corporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Profits before tax (book) 752.5 1034.3 1026.7 1293.7 1283.7 1282.9 1288.8 1319.4 1307.7 1324.7 1344.9 1

 2 - Taxes on corporate income 177.8 220.6 222.3 256.9 252.5 257.8 249.1 268.4 266.6 264.1 263.8 2

 3 - Net dividends 351.7 375.5 440.3 478.8 456.0 457.5 461.2 540.4 483.3 463.3 570.4 3

 4 + Capital consumption allowance (1) 1049.4 1077.2 1249.3 1071.4 1058.8 1066.1 1075.0 1085.8 1113.9 1127.0 1135.4 4

 5 = U.S. internal funds, book 1272.3 1515.5 1613.4 1629.4 1634.1 1633.7 1653.5 1596.4 1671.7 1724.2 1646.2 5

 6 + Foreign earnings retained abroad 194.2 218.2 226.1 214.2 210.1 214.2 199.8 232.8 204.5 196.0 263.3 6

 7 + Inventory valuation adjustment (IVA) 6.7 -41.0 -56.0 -10.0 -19.5 9.8 -22.0 -8.4 -13.0 8.9 1.7 7

 8 - Net capital transfers paid (2) 38.3 20.9 -6.4 -16.7 -6.0 -7.4 -9.0 -44.4 -9.6 -5.7 -4.5 8

 9 = Total internal funds + IVA 1434.9 1671.8 1790.0 1850.3 1830.6 1865.1 1840.3 1865.2 1872.8 1934.8 1915.7 9

 10 Gross investment 1560.2 1384.4 936.9 1727.5 1709.4 1812.7 1702.6 1685.4 1791.1 1762.4 1718.1 10

 11 Capital expenditures 1009.3 1238.9 1337.2 1504.1 1500.5 1493.0 1527.9 1495.1 1496.3 1545.9 1607.3 11

 12 Fixed investment (3) 1142.0 1176.4 1299.0 1433.5 1403.1 1424.8 1434.0 1472.2 1464.3 1501.8 1499.9 12

 13 Inventory change + IVA -139.0 63.7 39.1 71.0 97.8 68.7 94.3 23.3 33.0 45.0 107.9 13

 14 Nonproduced nonfinancial assets 6.3 -1.1 -0.9 -0.4 -0.4 -0.5 -0.4 -0.4 -1.0 -0.9 -0.5 14

 15 Net lending (+) or net borrowing (-) 551.0 145.5 -400.3 223.4 208.9 319.7 174.6 190.3 294.8 216.5 110.8 15

 16 Net acquisition of financial assets 302.4 633.2 494.1 890.2 954.7 925.8 884.1 796.4 927.3 874.7 958.1 16

 17 Foreign deposits 6.8 9.1 -5.8 -21.4 -52.1 -45.2 -4.2 15.8 62.0 108.9 -37.6 17

 18 Checkable deposits and currency 70.7 79.7 29.7 92.1 51.9 135.6 124.4 56.4 150.0 -45.7 197.7 18

 19 Time and savings deposits 176.9 59.9 13.2 24.8 43.5 -19.3 35.9 39.1 33.0 62.1 124.1 19

 20 Money market fund shares -71.4 -157.7 -35.4 -4.1 -68.9 -46.7 27.9 71.3 -38.6 -45.7 76.6 20

 21 Security repurchase agreements 0.7 4.3 0.4 -2.2 5.4 -0.3 -10.6 -3.5 -1.6 -1.0 6.5 21

 22 Credit market instruments 10.0 2.6 -6.7 8.7 9.3 18.5 59.0 -52.0 -112.9 -4.8 56.1 22

 23 Commercial paper -1.3 12.0 -0.1 -7.5 -22.2 -8.0 15.6 -15.5 0.3 -26.0 7.0 23

 24 Treasury securities 12.5 5.1 -5.1 7.2 -5.8 40.0 17.8 -23.1 -34.6 17.2 20.6 24

 25 Agency- and GSE-backed securities 4.2 1.7 -1.7 -2.6 -1.9 3.3 5.9 -17.7 -31.5 5.7 6.9 25

 26 Municipal securities 0.9 -3.2 -1.6 12.2 13.1 -11.4 22.2 24.7 -54.8 1.1 30.5 26

 27 Mortgages -4.1 -1.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 27

 28 Consumer credit -2.2 -11.4 2.3 0.0 26.7 -5.0 -1.9 -19.9 8.2 -2.3 -8.4 28

 29 Mutual fund shares 35.3 11.1 -12.8 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 29

 30 Trade receivables -31.1 105.7 83.4 82.4 141.4 104.4 87.4 -3.7 157.2 150.2 118.1 30

 31 Miscellaneous assets 104.5 518.5 428.1 711.6 825.7 780.5 565.8 674.6 679.8 652.2 418.3 31

 32 U.S. direct investment abroad (4) 269.7 303.3 399.8 365.8 428.2 314.8 355.3 364.7 294.8 354.8 318.1 32

 33 Insurance receivables -4.0 11.9 10.0 7.4 -5.5 8.0 5.8 21.6 0.3 13.8 7.8 33

 34 Equity in GSEs 0.0 0.1 -0.0 0.0 0.5 -0.3 0.0 -0.0 0.3 -0.2 -0.1 34

 35 Investment in finance co. subs. -9.3 26.7 8.4 -0.4 -11.2 -10.3 -1.0 20.9 -4.0 3.7 0.6 35

 36 Other -152.0 176.5 10.0 338.8 413.9 468.3 205.7 267.4 388.4 280.1 91.9 36

 37 Net increase in liabilities -248.5 487.8 894.4 666.9 745.7 606.0 709.5 606.1 632.5 658.2 847.3 37

 38 Net funds raised in markets -209.1 -74.5 54.7 246.4 222.0 20.4 161.4 581.7 370.5 349.7 460.6 38

 39 Net new equity issues -62.1 -277.5 -472.3 -399.7 -291.4 -507.9 -395.6 -404.0 -256.3 -424.1 -369.2 39

 40 Credit market instruments -147.0 203.0 527.0 646.1 513.4 528.3 557.0 985.6 626.8 773.8 829.8 40

 41 Commercial paper -73.1 24.5 33.4 14.0 -7.9 29.0 -35.5 70.5 21.2 -19.0 92.7 41

 42 Municipal securities (5) 37.2 33.2 8.5 15.2 13.1 26.2 9.7 11.9 11.3 6.4 20.6 42

 43 Corporate bonds (4) 411.7 438.6 410.8 579.6 523.2 426.0 587.1 782.0 578.0 570.8 729.3 43

 44 Depository institution loans n.e.c. -234.0 -83.5 68.9 78.3 82.1 91.4 56.7 83.0 20.0 54.9 56.8 44

 45 Other loans and advances (6) -160.8 -90.4 63.5 -28.7 -71.3 -21.8 -27.8 6.2 31.3 124.2 -114.8 45

 46 Mortgages -128.0 -119.4 -58.1 -12.4 -25.7 -22.5 -33.2 32.0 -34.9 36.5 45.2 46

 47 Trade payables -82.6 156.3 25.2 120.5 151.4 158.7 134.9 37.1 132.4 81.1 61.3 47

 48 Taxes payable -3.3 7.2 8.8 6.4 -3.1 19.9 -10.3 19.2 -17.8 -21.4 -32.4 48

 49 Miscellaneous liabilities 46.4 398.7 805.6 293.5 375.4 407.0 423.5 -31.8 147.4 248.8 357.7 49

 50 Foreign direct investment in U.S. 104.6 157.0 195.2 165.1 176.5 175.0 135.5 173.2 91.0 117.3 96.0 50

 51 Pension fund contributions payable -8.4 15.4 3.0 -2.1 -6.5 1.4 -0.9 -2.3 0.8 -0.1 -0.4 51

 52 Claims of pension fund on sponsor 88.6 -9.9 -11.6 54.1 80.4 15.0 24.3 96.8 59.1 39.9 60.8 52

 53 Other -138.4 236.2 619.1 76.4 125.1 215.5 264.6 -299.6 -3.5 91.8 201.3 53

 54 Discrepancy -125.4 287.4 853.0 122.8 121.2 52.3 137.7 179.7 81.7 172.4 197.5 54

 Memo:

 55 Financing gap (7) -269.7 -235.6 -220.1 -115.2 -114.0 -150.5 -103.6 -92.9 -162.4 -187.2 -40.6 55

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

(2) Table F.9, line 58.

(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 15 respectively.

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

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

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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F.103 Nonfinancial Noncorporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving = consumption of fixed capital 253.0 251.8 256.8 264.5 261.3 263.5 265.6 267.8 270.8 273.8 276.2 1

 2 Gross saving less net capital transfers paid (1) 259.0 259.6 258.4 269.5 261.3 263.5 265.7 287.4 270.8 273.8 276.2 2

 3 Gross investment 259.0 259.6 258.4 269.5 261.3 263.5 265.7 287.4 270.8 273.8 276.2 3

 4 Capital expenditures 240.2 241.0 255.8 273.8 274.7 274.9 266.9 278.7 312.1 323.7 334.9 4

 5 Fixed investment (2) 248.8 243.1 258.5 278.7 269.6 276.7 279.6 289.0 281.6 291.5 296.7 5

 6 Change in inventories -8.5 -2.2 -2.7 -4.9 5.1 -1.9 -12.7 -10.3 30.5 32.2 38.1 6

 7 Net lending (+) or net borrowing (-) 18.8 18.6 2.5 -4.3 -13.5 -11.4 -1.2 8.8 -41.3 -50.0 -58.7 7

 8 Net acquisition of financial assets -117.0 151.7 14.7 68.1 44.1 53.5 60.0 114.6 93.3 125.4 126.3 8

 9 Checkable deposits and currency 14.9 -2.8 -2.6 13.8 10.4 11.8 12.8 20.4 17.5 22.0 22.1 9

 10 Time and savings deposits -4.8 2.9 3.7 4.5 2.2 3.1 3.7 9.0 7.0 10.2 10.3 10

 11 Money market mutual funds -1.7 3.1 0.8 1.0 0.5 0.7 0.8 1.9 1.5 2.2 2.2 11

 12 Credit market instruments -6.7 6.6 1.0 1.2 0.6 0.8 1.0 2.4 1.9 2.7 2.8 12

 13 Treasury securities -5.7 1.9 0.5 0.6 0.3 0.4 0.5 1.2 1.0 1.4 1.4 13

 14 Municipal securities 0.2 0.5 0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.2 0.2 14

 15 Mortgages -1.2 4.2 0.4 0.5 0.3 0.4 0.4 1.1 0.8 1.2 1.2 15

 16 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Trade receivables -26.3 37.0 5.5 6.8 3.3 4.7 5.5 13.5 10.5 15.2 15.4 17

 18 Miscellaneous assets -92.5 104.8 6.3 40.8 27.1 32.5 36.2 67.4 54.8 73.1 73.6 18

 19 Insurance receivables -9.8 29.7 -11.6 15.1 10.2 16.0 14.9 19.2 12.1 16.7 14.8 19

 20 Equity investment in GSEs (3) -0.0 0.4 0.3 0.2 0.3 -0.3 0.4 0.2 -0.2 1.1 1.0 20

 21 Other -82.7 74.7 17.6 25.6 16.6 16.8 20.9 48.0 42.9 55.3 57.8 21

 22 Net increase in liabilities -135.8 133.1 12.2 72.4 57.6 64.9 61.2 105.9 134.6 175.4 185.0 22

 23 Credit market instruments -108.7 -32.1 20.3 74.0 21.0 70.2 61.8 143.1 -1.8 160.1 150.9 23

 24 Depository institution loans n.e.c. -102.0 -20.3 56.7 87.8 118.4 81.5 62.2 89.0 35.5 60.4 46.5 24

 25 Other loans and advances -5.3 4.7 1.0 9.6 -5.1 23.0 12.9 7.9 -16.1 18.2 3.5 25

 26 Mortgages -1.4 -16.5 -37.4 -23.4 -92.3 -34.3 -13.2 46.3 -21.2 81.6 100.9 26

 27 Trade payables 16.8 30.3 7.6 0.9 3.0 -10.2 -2.2 13.0 24.0 -0.4 8.8 27

 28 Taxes payable -6.3 -0.7 1.1 1.3 0.7 0.9 1.1 2.7 2.1 3.0 3.1 28

 29 Miscellaneous liabilities 32.8 -50.6 34.1 8.4 36.8 8.7 7.9 -19.9 15.2 2.5 24.7 29

 30 Proprietors’ net investment -70.4 186.2 -51.0 -12.3 -3.9 -4.7 -7.4 -33.0 95.1 10.1 -2.5 30

(1) Net capital transfers paid from table F.9, line 59.

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

(3) Equity in the Farm Credit System.
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F.104 State and Local Governments (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Current receipts, NIPA basis 1919.2 1998.5 2029.9 2039.4 2024.4 2034.1 2039.6 2059.7 2078.7 2110.8 2104.4 1

 2 Personal current taxes 287.8 297.6 327.0 348.8 340.5 346.9 349.2 358.8 377.1 393.1 372.4 2

 3 Taxes on production and imports 934.8 960.4 988.5 1004.9 1007.2 1003.7 1000.6 1008.3 1021.9 1020.2 1023.4 3

 4 Taxes on corporate income 45.6 47.7 50.7 51.4 50.7 52.5 51.1 51.3 54.5 56.0 54.6 4

 5 Contributions for govt. social insurance 18.6 18.1 18.3 17.5 17.8 17.6 17.4 17.3 17.3 17.4 17.6 5

 6 Income receipts on assets 87.8 82.6 80.0 78.5 78.1 78.1 78.4 79.3 80.2 80.9 82.0 6

 7 Current transfer receipts 566.1 612.0 581.8 552.6 544.8 549.6 557.0 558.7 542.7 558.4 569.9 7

 8 Current surplus of government enterprises -21.4 -19.8 -16.5 -14.3 -14.8 -14.3 -14.1 -14.0 -14.9 -15.2 -15.5 8

 9 Current expenditures, NIPA basis 2191.2 2235.8 2243.0 2292.1 2265.5 2289.3 2299.7 2313.9 2308.5 2308.4 2337.2 9

 10 Consumption expenditures 1508.4 1518.3 1517.4 1536.4 1533.0 1531.3 1536.8 1544.3 1543.0 1541.4 1550.9 10

 11 Govt. social benefit payments to persons 492.6 523.8 532.0 544.3 527.3 547.5 548.8 553.7 552.3 555.9 576.8 11

 12 Interest payments 188.8 192.1 192.9 211.0 204.8 209.9 213.7 215.5 212.7 210.6 209.0 12

 13 Subsidies 1.4 1.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 13

 14 Net saving, NIPA basis -271.9 -237.3 -213.1 -252.7 -241.1 -255.2 -260.1 -254.2 -229.8 -197.6 -232.8 14

 15 + Consumption of fixed capital 208.2 212.7 221.7 231.4 228.5 230.8 232.4 233.7 234.9 236.6 238.2 15

 16 - Net capital transfers paid (2) -67.7 -76.7 -73.9 -74.1 -70.6 -72.0 -73.2 -80.5 -71.3 -68.6 -75.2 16

 17 = Gross saving less net capital transfers paid 4.0 52.2 82.5 52.8 58.0 47.6 45.5 60.0 76.4 107.6 80.6 17

 18 Gross investment -58.9 51.2 18.0 99.3 97.2 115.7 93.0 91.3 111.5 112.0 7.9 18

 19 Fixed investment 363.0 351.9 337.2 334.9 334.9 339.0 334.6 331.2 326.1 327.8 335.3 19

 20 Nonproduced nonfinancial assets 12.3 10.6 10.1 10.2 10.3 10.3 10.2 10.1 9.8 9.6 9.4 20

 21 Net lending (+) or net borrowing (-) -434.2 -311.2 -329.4 -245.8 -248.0 -233.6 -251.8 -249.9 -224.5 -225.4 -336.8 21

 22 Net acq. of financial assets 10.8 66.1 -56.7 -61.0 -85.7 63.8 -9.0 -213.1 74.3 113.6 -175.8 22

 23 Checkable deposits and currency 19.2 5.6 16.6 -8.9 -7.8 -7.4 -7.6 -12.9 13.8 -10.4 28.6 23

 24 Time and savings deposits 9.3 -6.9 14.4 20.3 10.3 29.0 37.4 4.5 13.2 53.6 10.7 24

 25 Money market fund shares 9.8 13.7 -0.1 -7.5 -7.9 0.4 -5.7 -16.9 4.5 6.5 -10.5 25

 26 Security repurchase agreements -4.2 -1.4 -6.5 -5.9 -6.2 0.3 -4.5 -13.3 3.6 5.2 -8.3 26

 27 Credit market instruments -37.3 61.1 -77.4 -57.5 -68.2 36.0 -39.8 -157.9 24.1 42.8 -193.0 27

 28 Open market paper -39.0 13.0 -10.8 -4.6 -4.8 0.3 -3.4 -10.3 2.7 4.0 -6.4 28

 29 Treasury securities -17.4 6.8 -45.5 -9.3 -17.6 33.2 -3.4 -49.3 -4.8 0.8 -125.5 29

 30 Agency- and GSE-backed securities 9.8 22.5 -12.7 -25.0 -26.3 1.4 -18.9 -56.4 15.0 21.8 -35.1 30

 31 Municipal securities 1.0 1.4 0.1 -0.6 -0.7 0.0 -0.5 -1.5 0.4 0.6 -0.9 31

 32 Corporate and foreign bonds 3.3 7.4 -4.0 -8.0 -8.4 0.5 -6.1 -18.1 4.8 7.0 -11.2 32

 33 Mortgages 5.0 10.0 -4.5 -9.9 -10.4 0.6 -7.5 -22.4 6.0 8.7 -13.9 33

 34 Corporate equities -2.3 -0.2 -4.3 -4.3 -4.5 0.2 -3.2 -9.6 2.6 3.7 -6.0 34

 35 Mutual fund shares 1.7 2.8 -0.7 -2.2 -2.3 0.1 -1.7 -5.0 1.3 1.9 -3.1 35

 36 Trade receivables -4.6 13.1 2.3 8.3 7.7 13.3 7.9 4.5 8.8 8.5 3.5 36

 37 Taxes receivable -5.9 0.7 2.2 1.3 -1.9 -8.5 11.6 4.1 -0.3 -2.2 8.8 37

 38 Miscellaneous assets 25.2 -22.4 -3.2 -4.6 -4.9 0.3 -3.5 -10.5 2.8 4.1 -6.5 38

 39 Net increase in liabilities 445.0 377.3 272.7 184.8 162.4 297.3 242.7 36.8 298.8 339.1 161.0 39

 40 Credit market instruments 113.0 69.5 -52.7 -5.3 13.2 87.8 -6.5 -115.5 73.0 32.8 -117.0 40

 41 Municipal securities 112.2 68.7 -53.6 -5.7 12.7 86.7 -6.1 -116.0 71.7 33.0 -116.9 41

 42 Short-term (3) 7.8 -0.7 -10.6 3.8 0.7 31.6 10.0 -27.2 -4.4 8.6 -19.4 42

 43 Long-term 104.4 69.3 -42.9 -9.4 12.0 55.2 -16.1 -88.8 76.0 24.4 -97.5 43

 44 U.S. government loans 0.8 0.9 0.9 0.4 0.5 1.1 -0.4 0.5 1.3 -0.2 -0.1 44

 45 Trade payables 38.9 38.5 38.4 39.1 38.9 39.1 39.2 39.2 39.2 39.3 39.9 45

 46 Claims of pension fund on sponsor (4) 293.0 269.3 287.0 151.0 110.3 170.5 210.1 113.1 186.5 267.0 238.2 46

 47 Discrepancy 62.9 0.9 64.6 -46.5 -39.2 -68.1 -47.5 -31.3 -35.1 -4.4 72.7 47

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

(2) Table F.9, line 62.

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

(4) Included in miscellaneous liabilities.
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Z.1, December 9, 2013 23

F.105 Federal Government

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Current receipts, NIPA basis 2230.1 2391.7 2516.7 2663.0 2645.4 2641.1 2656.6 2709.0 2900.1 3166.9 2971.1 1

 2 Personal current taxes 857.2 893.8 1077.0 1149.2 1122.4 1133.1 1147.2 1194.0 1252.0 1275.7 1292.1 2

 3 Taxes on production and imports 91.4 96.8 108.6 118.0 117.2 118.6 118.2 118.0 118.8 118.6 119.2 3

 4 Taxes on corporate income 200.4 298.7 294.2 351.0 355.3 344.9 356.1 347.9 321.0 328.7 324.5 4

 5 Taxes from the rest of the world 14.8 15.7 16.3 17.8 16.8 17.4 17.1 19.9 19.2 19.4 20.0 5

 6 Contributions for govt. social insurance 950.8 970.9 904.3 937.8 929.2 932.1 934.6 955.3 1081.7 1091.2 1096.8 6

 7 Income receipts on assets 48.5 54.6 57.4 52.9 53.9 52.2 52.2 53.3 74.1 299.6 93.4 7

 8 Current transfer receipts 66.2 64.4 66.1 49.7 60.3 54.6 45.6 38.4 53.9 57.4 51.1 8

 9 Current surplus of government enterprises 0.7 -3.1 -7.3 -13.4 -9.7 -11.8 -14.4 -17.8 -20.6 -23.8 -26.0 9

 10 Current expenditures, NIPA basis 3479.9 3721.3 3764.9 3772.7 3739.4 3787.9 3775.8 3787.5 3753.2 3820.1 3825.4 10

 11 Consumption expenditures 933.7 1003.9 1008.7 1011.7 1009.3 1007.4 1036.1 993.9 982.3 976.0 972.7 11

 12 Government social benefits 1624.9 1726.6 1745.3 1790.5 1775.6 1780.9 1793.1 1812.3 1848.1 1849.0 1863.0 12

 13 Other current transfer payments 510.7 555.9 529.0 493.1 490.7 492.4 500.0 489.3 479.2 498.1 508.3 13

 14 Interest payments 353.6 380.6 422.6 420.6 406.4 450.1 391.1 434.7 386.1 438.4 422.7 14

 15 Subsidies 56.9 54.3 59.4 56.8 57.3 57.2 55.6 57.3 57.5 58.5 58.6 15

 16 Net saving, NIPA basis -1249.8 -1329.5 -1248.3 -1109.7 -1094.0 -1146.9 -1119.3 -1078.5 -853.1 -653.1 -854.2 16

 17 + Consumption of fixed capital 234.5 245.3 256.5 262.3 260.4 261.9 262.9 263.7 265.6 266.8 267.7 17

 18 - Insurance and pension reserves (1) 0.5 -1.7 -0.4 -1.4 -2.4 -0.2 -1.6 -1.6 -1.9 -0.4 -2.6 18

 19 - Contr. for govt. soc. insur., U.S.-affiliated areas 5.0 4.9 4.4 4.6 4.6 4.6 4.6 4.7 5.3 5.3 5.3 19

 20 - Net capital transfers paid (2) 64.4 84.8 81.4 79.9 69.8 72.4 74.0 103.5 65.8 58.4 61.5 20

 21 = Gross saving less net capital transfers paid -1085.1 -1172.2 -1077.2 -930.5 -905.6 -961.7 -933.3 -921.4 -656.7 -449.6 -650.7 21

 22 Gross investment -1023.2 -1117.0 -1061.0 -842.9 -1277.2 -750.5 -496.1 -848.0 -863.3 64.6 -40.7 22

 23 Fixed investment 284.0 300.0 295.4 284.0 282.4 286.4 286.0 281.4 272.7 276.6 278.5 23

 24 Nonproduced nonfinancial assets -8.9 -1.0 -0.9 -1.4 -1.4 -1.3 -1.4 -1.4 -0.6 -0.8 -1.1 24

 25 Net lending (+) or net borrowing (-) -1298.3 -1416.0 -1355.5 -1125.6 -1558.2 -1035.6 -780.7 -1128.0 -1135.3 -211.2 -318.0 25

 26 Net acq. of financial assets 237.8 281.9 -154.8 116.4 -73.1 267.4 91.2 180.4 135.5 206.1 -65.1 26

 27 U.S. official reserve assets 51.9 1.6 16.2 4.3 4.6 13.0 3.1 -3.7 3.3 -1.0 2.2 27

 28 Checkable deposits and currency -174.2 148.9 -257.6 6.7 -121.9 97.2 -28.1 79.4 -8.6 130.6 -189.1 28

 29 Time and savings deposits 0.3 0.1 -0.3 0.2 0.8 0.8 -0.4 -0.4 -1.3 0.5 0.3 29

 30 Credit market instruments 309.1 84.4 19.1 105.0 38.0 170.3 111.9 99.8 160.9 122.5 107.2 30

 31 Agency- and GSE-backed securities 142.0 -47.2 -118.1 -31.1 -118.5 -5.8 0.0 0.0 0.0 0.0 0.0 31

 32 Corporate and foreign bonds 0.6 0.3 -0.1 -0.2 -0.1 -0.0 -0.4 -0.1 -0.2 -0.1 -0.1 32

 33 Other loans and advances 66.0 3.5 4.8 2.5 12.1 8.4 -8.0 -2.6 9.3 5.3 5.9 33

 34 Mortgages 12.6 -5.4 4.0 1.7 4.5 1.8 -0.8 1.2 3.6 0.1 3.7 34

 35 Consumer credit (3) 87.9 133.1 128.5 132.1 140.0 165.9 121.1 101.3 148.2 117.2 97.7 35

 36 Corporate equities (4) 0.6 24.1 40.3 -13.2 -19.8 -18.1 -9.9 -5.0 -5.2 -2.8 -10.3 36

 37 Trade receivables -21.1 -0.7 4.8 2.6 -2.6 7.2 6.2 -0.3 -14.1 14.4 1.3 37

 38 Taxes receivable 35.9 27.1 20.8 11.9 38.3 -8.8 8.1 10.1 -2.4 -46.5 1.1 38

 39 Miscellaneous assets 35.4 -3.5 1.9 -1.0 -10.7 5.9 0.1 0.5 2.7 -11.6 22.1 39

 40 Net increase in liabilities 1536.1 1697.8 1200.7 1242.1 1485.0 1303.0 871.9 1308.4 1270.8 417.3 252.9 40

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

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

 43 Treasury currency -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.4 43

 44 Credit market instruments 1443.9 1580.2 1067.9 1140.2 1411.2 1185.7 787.7 1176.1 1168.7 299.9 174.1 44

 45 Savings bonds -2.8 -3.3 -2.7 -2.8 -1.4 -2.1 -2.5 -5.0 -2.5 -3.7 -3.3 45

 46 Treasury bills -73.3 -19.0 -249.5 107.0 612.6 -312.7 74.4 53.8 646.7 -880.3 -160.7 46

 47 Other Treasury securities 1519.8 1601.8 1319.0 1036.3 803.4 1500.3 716.1 1125.3 525.5 1182.6 337.5 47

 48 Budget agency securities 0.1 0.7 1.1 -0.4 -3.3 0.1 -0.3 1.9 -1.0 1.3 0.5 48

 49 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

 50 Trade payables -56.2 6.3 9.4 7.9 3.4 1.3 17.2 9.7 1.8 30.6 25.1 50

 51 Insurance reserves 1.1 0.9 1.3 0.3 0.5 1.5 -0.2 -0.5 0.2 0.8 -0.5 51

 52 Miscellaneous liabilities 97.0 110.7 122.1 93.7 69.9 114.6 67.2 123.1 100.1 86.1 55.5 52

 53 Nonmarketable securities held by pension plans (5) 61.9 65.7 70.8 40.4 106.6 95.8 45.8 -86.5 229.9 -272.6 -110.3 53

 54 Claims of pension fund on sponsor 15.6 20.2 19.2 48.2 -17.7 -7.5 43.0 175.1 -141.3 361.1 198.8 54

 55 Other 19.5 24.9 32.1 5.0 -19.0 26.3 -21.6 34.5 11.5 -2.5 -33.0 55

 56 Discrepancy -61.9 -55.3 -16.2 -87.6 371.5 -211.2 -437.3 -73.5 206.6 -514.2 -610.0 56

 Memo:

 57 Change in cash balance (6) -173.2 148.9 -258.0 7.5 -167.0 196.8 -24.6 24.8 -54.2 227.3 -185.1 57

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

(2) Table F.9, line 61 less line 12.

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

 the government purchased from depository institutions and finance companies.

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

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

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 29) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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24 Z.1, December 9, 2013

F.106 Rest of the World

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Foreign income from U.S. 2608.7 3018.1 3360.9 3453.5 3480.4 3456.4 3432.3 3444.9 3465.5 3474.6 3480.0 1

 2 U.S. imports 1976.0 2362.0 2669.9 2743.1 2764.2 2755.3 2723.5 2729.5 2737.3 2747.9 2767.8 2

 3 U.S. income payments to rest of world 496.5 514.1 542.1 565.7 570.0 555.7 564.4 572.8 575.9 570.1 558.6 3

 4 Current taxes and trans. payments to rest of world 136.1 142.0 149.0 144.6 146.1 145.4 144.3 142.6 152.4 156.6 153.5 4

 5 Foreign outlays to U.S. 2227.5 2563.5 2904.0 3014.5 2991.4 3011.8 3011.2 3043.5 3027.5 3055.9 3088.6 5

 6 U.S. exports 1583.8 1843.5 2101.1 2195.9 2173.4 2197.4 2199.2 2213.7 2214.2 2238.9 2265.9 6

 7 U.S. income receipts from rest of world 643.7 720.0 802.8 818.6 818.0 814.4 812.0 829.8 813.3 817.0 822.7 7

 8 - Net capital transfers paid (1) -0.6 -0.7 -1.6 6.6 -0.4 -1.4 -2.3 30.3 -0.4 -0.4 -0.4 8

 9 Gross saving less net capital transfers paid (2) 381.7 455.2 458.6 432.4 489.3 445.9 423.4 371.1 438.5 419.1 391.8 9

 10 Gross investment 230.9 437.9 550.4 446.3 1054.2 71.1 111.7 548.2 161.5 292.5 349.8 10

 11 Nonproduced nonfinancial assets 0.0 -0.0 -0.1 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 11

 12 Net lending (+) or net borrowing (-) 230.9 437.9 550.5 446.3 1054.2 71.1 111.7 548.2 161.5 292.5 349.8 12

 13 Net acquisition of financial assets 236.5 1196.8 1108.4 696.8 773.0 183.2 558.1 1272.9 904.2 1740.4 1068.1 13

 14 Monetary gold (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 SDR allocations 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Net interbank assets -201.9 -61.8 213.9 -136.0 153.1 70.8 -251.7 -516.4 382.0 1134.2 -160.8 16

 17 U.S. checkable deposits and currency -9.2 29.5 81.8 68.2 58.5 37.2 92.8 84.2 10.6 33.6 89.6 17

 18 U.S. time deposits -73.2 9.0 47.2 36.8 -42.9 36.8 66.6 87.0 -2.3 -1.4 108.7 18

 19 Money market fund shares 7.2 -7.1 -50.8 36.8 48.5 63.8 15.9 19.2 9.6 2.2 -0.8 19

 20 Security repurchase agreements -42.7 74.2 123.3 2.6 -120.8 -120.7 93.0 158.8 221.8 -117.4 10.6 20

 21 Credit market instruments 123.5 623.7 239.6 452.0 546.1 -18.5 702.5 577.8 566.7 79.8 288.4 21

 22 Open market paper -41.4 -0.5 0.7 3.4 46.2 -57.5 5.2 19.9 35.0 -17.3 -49.0 22

 23 Treasury securities 554.4 740.4 357.9 589.5 693.6 505.8 600.3 558.4 531.6 88.6 225.3 23

 24 Official 569.9 442.0 169.8 433.2 533.0 406.4 386.8 406.4 435.5 -35.3 41.0 24

 25 Private -15.5 298.3 188.0 156.4 160.6 99.4 213.5 152.0 96.1 123.9 184.4 25

 26 Agency- and GSE-backed securities -226.0 -72.3 -41.6 -71.8 -4.8 -184.6 26.8 -124.6 -167.4 -118.5 31.8 26

 27 Official -169.5 -96.0 -29.5 -126.0 -91.7 -202.4 -68.5 -141.4 -88.1 -40.1 58.9 27

 28 Private -56.6 23.8 -12.1 54.2 86.9 17.8 95.4 16.8 -79.3 -78.4 -27.1 28

 29 Municipal securities 7.7 13.1 -1.4 -2.4 5.0 -6.0 10.4 -19.1 -10.9 -19.8 12.5 29

 30 U.S. corporate bonds (4) -127.3 -36.8 -109.9 -16.9 -118.8 -236.2 80.6 206.8 163.4 132.8 127.9 30

 31 Loans to U.S. corporate business -44.0 -20.2 33.9 -49.9 -75.2 -40.0 -20.8 -63.7 15.0 13.9 -60.1 31

 32 U.S. corporate equities 154.9 74.6 37.0 35.8 44.4 -287.3 91.3 294.8 10.7 -61.5 47.4 32

 33 Mutual fund shares 57.2 111.5 147.5 159.4 168.7 338.3 6.4 124.3 -103.1 -13.5 39.9 33

 34 Trade receivables 6.6 19.8 17.7 11.5 15.9 8.2 26.4 -4.7 14.4 19.5 3.4 34

 35 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Miscellaneous assets 166.5 323.5 251.2 29.8 -98.5 54.7 -285.1 447.9 -206.2 664.8 641.6 36

 37 Foreign direct investment in U.S. (5) 150.4 205.9 230.2 166.4 143.0 198.1 155.4 169.2 114.5 151.5 131.0 37

 38 Other 16.1 117.7 21.0 -136.6 -241.5 -143.4 -440.4 278.7 -320.7 513.3 510.5 38

 39 Net increase in liabilities 5.7 758.9 557.9 250.5 -281.3 112.1 446.5 724.7 742.7 1447.9 718.3 39

 40 U.S. official reserve assets 52.3 1.8 15.9 4.5 4.9 13.2 3.3 -3.6 3.5 -0.8 2.4 40

 41 U.S. private deposits -110.7 -9.3 -46.3 -30.2 -60.9 -111.7 141.0 -89.1 96.8 350.3 171.7 41

 42 Security repurchase agreements 55.7 200.3 71.6 39.7 14.9 27.6 -2.4 118.7 -70.5 -159.8 10.0 42

 43 Credit market instruments 208.1 81.4 128.9 126.2 12.6 -68.3 230.0 330.4 389.9 50.7 104.9 43

 44 Commercial paper 59.4 -2.7 -53.5 27.9 32.9 -54.2 78.4 54.5 117.2 10.2 -24.4 44

 45 Bonds 163.3 59.9 137.7 62.2 -49.8 -84.9 133.2 250.5 239.8 15.2 85.6 45

 46 Depository institution loans n.e.c. -14.8 24.0 43.2 30.4 21.9 66.5 18.3 15.0 33.3 24.9 41.1 46

 47 Official -0.0 2.1 -1.2 0.8 -1.5 0.3 0.1 4.2 -0.1 -0.4 2.1 47

 48 Banks -5.2 15.6 16.8 0.6 -0.6 24.7 -19.8 -2.1 23.0 17.1 24.8 48

 49 Other -9.6 6.3 27.6 29.1 24.0 41.4 38.0 12.9 10.4 8.2 14.2 49

 50 Other loans and advances 0.3 0.2 1.4 5.7 7.6 4.3 0.2 10.5 -0.4 0.3 2.6 50

 51 Foreign corporate equities (6) 63.7 79.1 6.0 82.6 40.7 176.6 71.5 41.5 295.3 305.3 109.4 51

 52 Trade payables 6.1 25.8 -32.2 6.3 15.5 4.5 -2.2 7.4 -4.5 7.6 -5.2 52

 53 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

 54 Miscellaneous liabilities -269.5 379.7 414.1 21.5 -309.0 70.3 5.2 319.2 32.1 894.5 325.1 54

 55 U.S. equity in IBRD, etc. 1.7 2.3 2.6 2.4 1.5 7.0 1.0 0.3 0.1 8.3 6.9 55

 56 Nonofficial foreign currencies -543.3 -10.1 99.7 -91.0 -213.4 -74.0 -61.6 -14.9 -3.8 -25.3 -4.6 56

 57 U.S. direct investment abroad (4,5) 310.4 301.1 409.0 388.3 452.2 344.8 374.5 381.7 336.5 382.2 345.2 57

 58 Investment by holding companies 23.5 10.6 30.6 -51.5 77.3 -77.8 -48.7 -156.9 89.8 -146.0 106.5 58

 59 Other -61.7 75.8 -127.8 -226.8 -626.5 -129.7 -260.0 109.1 -390.5 675.2 -129.0 59

 60 Discrepancy (FOF basis) (7) 150.8 17.3 -91.9 -13.9 -564.9 374.8 311.7 -177.1 277.0 126.6 42.0 60

 Memo:

 61 Net U.S. exports, NIPA basis -392.2 -518.5 -568.7 -547.2 -590.8 -557.9 -524.4 -515.8 -523.1 -509.0 -501.9 61

 62 + Net U.S. income receipts (8) 147.2 206.0 260.8 252.8 248.0 258.7 247.6 257.0 237.4 246.8 264.1 62

 63 - Current taxes and trans. payments to rest of world 136.1 142.0 149.0 144.6 146.1 145.4 144.3 142.6 152.4 156.6 153.5 63

 64 = Balance on current account, NIPAs -381.2 -454.5 -457.0 -439.0 -488.9 -444.6 -421.1 -401.4 -438.1 -418.7 -391.4 64

(1) Table F.9, line 64.

(2) Line 1 minus line 5 minus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 63 with the sign reversed minus line 8.

(3) U.S. net sales, sign reversed.

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

(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Balance of payments discrepancy adjusted to NIPA concepts.

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
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F.107 Financial Business (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving less net capital transfers paid 350.6 384.6 333.2 331.2 343.3 341.7 377.9 262.0 395.2 128.0 381.7 1

 2 Gross investment 0.9 -24.3 73.1 254.9 113.0 330.2 105.2 471.2 383.6 542.2 862.2 2

 3 Capital expenditures 166.7 167.4 181.5 198.7 195.2 197.9 197.8 204.0 208.0 192.8 209.8 3

 4 Fixed residential investment -0.1 4.7 6.3 5.3 4.9 6.4 5.1 4.9 4.9 -10.4 5.3 4

 5 Fixed nonresidential investment 166.9 162.8 175.2 193.4 190.3 191.5 192.7 199.1 203.1 203.2 204.4 5

 6 Net lending (+) or net borrowing (-) -165.8 -191.7 -108.3 56.2 -82.2 132.3 -92.6 267.2 175.6 349.3 652.5 6

 7 Net acqisition of financial assets -1192.6 -376.2 1929.7 1779.7 1561.8 757.2 1604.0 3195.9 4767.7 3343.3 3571.4 7

 8 U.S. official reserve assets 0.3 0.3 -0.3 0.2 0.3 0.2 0.2 0.1 0.2 0.2 0.2 8

 9 SDR certificates 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Treasury currency 4.0 0.9 0.7 0.6 0.8 0.5 0.5 0.5 0.9 0.7 0.7 10

 11 Foreign deposits 11.6 8.7 -62.9 0.4 -11.3 -28.6 28.7 12.5 21.8 -46.7 -3.2 11

 12 Net interbank assets -349.5 -106.9 603.0 -64.1 -58.1 -177.7 -254.9 234.3 1170.7 887.0 899.5 12

 13 Checkable deposits and currency -34.7 -29.3 36.8 10.9 -90.9 -12.9 -4.8 152.2 16.0 -15.2 52.0 13

 14 Time and savings deposits 129.2 -108.4 -46.2 12.2 -141.1 -26.0 153.4 62.5 -32.7 79.3 298.4 14

 15 Money market fund shares -174.0 -171.8 -68.0 -16.0 -178.5 -159.1 34.3 239.3 -172.2 16.8 146.5 15

 16 Federal funds and security repos -84.0 6.5 -59.1 96.8 40.6 220.4 161.9 -35.5 144.3 -252.1 125.5 16

 17 Credit market instruments -976.9 -204.7 1050.2 1082.2 1204.7 537.8 777.8 1808.4 1978.6 1468.7 1783.9 17

 18 Open market paper -396.8 -103.3 -76.3 -7.9 -25.8 -11.5 -39.4 45.0 84.0 33.2 -3.2 18

 19 Treasury securities 363.5 501.2 981.4 323.2 720.0 -14.2 134.9 452.2 762.4 307.8 641.2 19

 20 Agency- and GSE-backed securities 683.6 55.1 142.1 230.2 348.6 158.6 196.8 216.6 690.1 437.6 276.7 20

 21 Municipal securities 38.4 44.1 15.0 138.2 124.7 111.3 194.6 122.1 104.9 -1.3 -40.9 21

 22 Corporate and foreign bonds 37.4 271.6 204.8 358.8 372.1 199.0 427.1 437.0 464.7 155.4 344.4 22

 23 Depository institution loans n.e.c. -753.4 -90.4 146.6 184.1 133.8 169.4 161.0 272.1 30.9 206.0 213.2 23

 24 Other loans and advances -463.8 -209.7 -27.2 41.7 -40.0 104.6 -3.1 105.1 30.8 247.8 4.5 24

 25 Mortgages -302.1 -536.7 -318.2 -230.6 -422.7 -226.2 -324.8 51.2 -221.8 18.7 253.3 25

 26 Consumer credit -183.7 -136.7 -18.0 44.6 -6.1 46.8 30.6 107.2 32.7 63.5 94.8 26

 27 Corporate equities 170.4 81.4 -86.3 164.1 85.7 81.3 263.1 226.4 173.5 312.9 295.4 27

 28 Mutual fund shares 68.9 17.1 -14.3 68.9 74.7 73.8 71.1 55.8 62.8 23.4 73.5 28

 29 Trade receivables -38.0 -8.6 -0.8 -1.6 6.6 -8.0 5.9 -11.0 3.9 -5.1 0.4 29

 30 Security credit -21.8 97.9 39.7 165.2 142.1 73.5 256.2 189.1 -131.7 -79.2 49.9 30

 31 Life insurance reserves 2.8 8.2 7.3 14.7 36.9 9.0 11.7 1.1 10.2 5.4 9.7 31

 32 Miscellaneous assets 96.0 32.5 530.0 245.3 449.3 173.0 98.9 260.1 1521.5 947.3 -161.1 32

 33 Net increase in liabilities -1026.8 -184.5 2038.1 1723.6 1644.0 624.9 1696.6 2928.7 4592.1 2993.9 2918.9 33

 34 Net interbank liabilities -541.1 -145.2 818.5 -188.2 205.8 -127.4 -487.5 -343.7 1850.0 2001.2 547.2 34

 35 Checkable deposits and currency -7.9 266.3 234.5 268.5 -73.9 301.1 223.1 623.6 299.1 70.2 173.1 35

 36 Time and savings deposits 343.7 115.6 404.1 520.4 306.1 477.2 435.8 862.7 124.3 417.8 822.0 36

 37 Money market fund shares -498.7 -503.2 -112.8 7.1 -190.9 -148.9 55.3 312.8 -135.0 77.2 270.2 37

 38 Federal funds and security repos 290.4 4.5 -64.4 17.1 233.3 -140.3 -102.2 77.5 -87.9 -507.1 74.1 38

 39 Credit market instruments -1808.7 -931.9 -434.9 -395.6 -388.7 -678.8 -271.8 -243.1 -6.8 56.0 35.2 39

 40 Open market paper -448.1 -102.2 -68.2 -58.8 -29.5 -54.1 -65.4 -86.1 -12.4 -15.7 -132.3 40

 41 Agency- and GSE-backed securities -60.1 -46.9 -21.9 -22.4 -140.4 -8.5 -7.6 67.0 182.0 225.6 198.5 41

 42 Corporate and foreign bonds -586.0 -575.3 -325.6 -209.6 -60.1 -414.3 -223.3 -140.7 -250.6 -293.4 -13.8 42

 43 Depository institution loans n.e.c. -435.4 -62.9 31.6 -124.0 -148.3 -280.6 32.0 -99.0 6.4 29.6 -62.7 43

 44 Other loans and advances -282.6 -144.7 -60.0 3.5 -20.8 53.8 -19.8 0.8 45.7 126.3 62.0 44

 45 Mortgages 3.4 0.2 9.1 15.6 10.4 24.9 12.2 14.9 22.1 -16.4 -16.4 45

 46 Corporate equities 316.3 191.3 164.1 168.6 36.0 137.0 274.3 227.3 235.4 49.7 185.9 46

 47 Mutual fund shares 497.1 370.1 338.4 625.9 586.8 585.4 784.7 546.8 957.8 506.9 529.8 47

 48 Trade payables 48.9 -52.0 -3.8 -0.0 12.2 -15.3 -2.0 5.0 4.6 1.0 -9.3 48

 49 Security credit -134.0 48.4 137.1 124.0 66.2 228.0 167.6 34.1 -122.1 92.9 30.2 49

 50 Life insurance reserves 25.4 16.4 92.8 -11.9 -10.1 -74.6 12.0 25.1 -10.2 14.5 40.9 50

 51 Pension entitlements 427.4 614.7 473.0 497.1 464.6 381.6 526.3 615.6 464.0 479.4 506.4 51

 52 Taxes payable 6.1 13.0 10.7 6.6 22.0 1.1 37.8 -34.5 43.6 -67.2 36.2 52

 53 Equity in noncorporate business 0.6 0.9 -1.7 6.5 29.4 5.3 -3.6 -5.3 -5.3 0.9 -15.9 53

 54 Miscellaneous liabilities 63.5 6.8 54.0 117.3 360.0 -278.7 44.4 343.5 910.0 -359.4 -297.2 54

 55 Discrepancy 349.7 408.8 260.1 76.3 230.3 11.6 272.7 -209.2 11.6 -414.2 -480.5 55

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving -0.8 -8.6 -0.3 -17.6 -23.9 -22.1 -18.9 -5.6 -1.6 -1.2 -1.2 1

 2 Fixed nonresidential investment 0.7 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 2

 3 Net acquisition of financial assets -3.4 186.0 494.0 7.7 -186.3 -27.5 -203.0 447.7 1211.2 1116.3 1022.7 3

 4 U.S. official reserve assets 0.3 0.3 -0.3 0.2 0.3 0.2 0.2 0.1 0.2 0.2 0.2 4

 5 SDR certificates 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Treasury currency 4.0 0.9 0.7 0.6 0.8 0.5 0.5 0.5 0.9 0.7 0.7 6

 7 Federal Reserve float (2) -0.6 0.7 0.8 0.1 -0.4 0.0 0.4 0.5 -0.4 -0.5 0.6 7

 8 Interbank loans (2) -463.1 -96.4 -0.0 -0.1 -0.8 0.3 0.2 -0.2 -0.2 0.4 0.2 8

 9 Discount window (3) -447.4 -96.4 -0.0 -0.1 -0.8 0.3 0.2 -0.2 -0.2 0.4 0.2 9

 10 AMLF (4) -15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Security repurchase agreements -80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Credit market instruments 1001.6 271.5 376.5 34.5 -33.4 -23.5 -203.4 398.4 1134.2 1083.8 1023.6 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 0.0 13

 14 Treasury securities 300.7 244.9 642.0 2.7 46.3 -18.6 -78.8 61.8 575.2 548.5 522.5 14

 15 Treasury bills 0.0 0.0 0.0 -18.4 0.0 0.0 -73.7 0.0 0.0 0.0 0.0 15

 16 Other Treasury securities 300.7 244.9 642.0 21.1 46.3 -18.6 -5.1 61.8 575.2 548.5 522.5 16

 17 Agency- and GSE-backed securities 1048.5 71.4 -197.9 61.8 -33.6 52.9 -112.4 340.2 559.7 535.8 501.7 17

 18 Mortgage-backed securities 908.4 83.8 -154.5 89.0 -3.6 72.9 -80.1 366.7 577.1 548.7 535.8 18

 19 Other agency- and GSE-baked securities 140.2 -12.4 -43.5 -27.2 -30.1 -20.0 -32.3 -26.5 -17.4 -13.0 -34.1 19

 20 Depository institution loans n.e.c. -347.6 -44.8 -67.6 -29.9 -46.1 -57.7 -12.2 -3.6 -0.7 -0.5 -0.6 20

 21 Households (TALF) (5) 47.5 -22.8 -15.7 -8.5 -7.8 -10.1 -12.2 -3.6 -0.7 -0.5 -0.6 21

 22 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Brokers and dealers (6) -45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Funding corporations (Maiden Lane) (7) 0.1 -3.4 -21.0 -4.9 -7.8 -11.7 0.0 0.0 0.0 0.0 0.0 24

 25 Funding corporations (AIG) -16.7 -2.2 -20.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Funding corporations (Maiden Lane II) (8) -3.5 -2.5 -6.7 -6.8 -27.2 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Funding corporations (Maiden Lane III) (9) -5.9 -4.4 -4.2 -9.8 -3.3 -36.0 0.0 0.0 0.0 0.0 0.0 27

 28 Funding corporations (CPFF) (10) -323.6 -9.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Corporate equities (11) 25.1 1.3 -26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Miscellaneous assets -493.8 7.8 142.9 -27.6 -152.8 -5.0 -1.0 48.5 76.6 31.6 -2.7 30

 31 Nonofficial foreign currencies (12) -543.5 -10.2 99.7 -90.9 -213.4 -74.1 -61.7 -14.6 -3.3 -25.5 -4.7 31

 32 Other 49.6 18.0 43.1 63.4 60.5 69.0 60.7 63.1 79.9 57.1 2.0 32

 33 Net increase in liabilities -8.0 185.1 493.7 7.3 -187.6 -28.0 -203.1 447.8 1210.4 1116.6 1022.9 33

 34 Depository institution reserves 117.0 -8.9 594.2 -71.2 -49.3 -171.8 -266.5 202.7 1197.2 891.6 876.6 34

 35 Vault cash of depository institutions -2.8 -2.2 8.1 7.1 -7.7 -6.2 11.0 31.3 -25.8 -4.6 22.1 35

 36 Checkable deposits and currency -117.6 185.0 -122.1 62.1 -175.7 244.8 47.8 131.6 -16.8 313.7 -109.2 36

 37 Due to federal government -173.8 149.0 -255.0 7.0 -167.7 195.2 -24.1 24.5 -52.3 226.5 -185.9 37

 38 Treasury cash holdings -0.0 -0.1 -0.0 0.0 0.1 -0.1 0.0 0.1 0.3 -0.4 0.2 38

 39 Treasury general deposit account 80.5 -45.9 -55.0 7.0 -167.7 195.4 -24.1 24.4 -52.6 226.9 -186.1 39

 40 Treasury temporary supplementary financing account -254.3 195.0 -200.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Due to rest of the world 1.0 0.9 -3.2 6.3 0.0 5.8 16.2 3.2 11.0 3.3 -4.3 41

 42 Due to government-sponsored enterprises 14.0 -21.6 51.1 -37.4 -111.0 -27.7 -29.2 18.3 -28.1 -2.7 18.3 42

 43 Currency outside banks 41.2 56.7 85.0 86.2 102.9 71.5 84.9 85.7 52.6 86.6 62.8 43

 44 Security repurchase agreements -10.6 -18.0 40.2 7.3 -12.9 -44.8 29.1 57.8 -6.9 -41.2 249.0 44

 45 Miscellaneous liabilities 6.1 29.2 -26.7 2.0 58.1 -50.0 -24.5 24.3 62.7 -43.0 -15.6 45

 46 Federal Reserve Bank stock 4.6 0.9 0.4 0.5 1.3 0.5 0.1 -0.0 0.8 -0.3 -0.2 46

 47 Other 1.5 28.3 -27.1 1.5 56.8 -50.5 -24.6 24.3 61.8 -42.7 -15.4 47

 48 Discrepancy -6.0 -10.0 -1.2 -18.6 -25.7 -23.2 -19.5 -6.1 -2.9 -1.5 -1.6 48

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

(2) Shown on table F.203.

(3) Federal Reserve loans extended to U.S.-chartered depository institutions through term auction credit, primary credit, secondary credit, and seasonal credit.

(4) Federal Reserve loans extended to U.S.-chartered depository institutions through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
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F.109 Private Depository Institutions (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving less net capital transfers paid (2) 90.9 142.9 76.1 27.5 31.4 63.5 69.3 -54.0 125.4 63.4 106.6 1

 2 Fixed nonresidential investment 29.7 24.7 24.0 25.7 25.4 24.1 25.3 27.8 30.6 30.4 30.8 2

 3 Net lending (+) or net borrowing (-) -458.0 -185.1 -92.2 -86.9 -267.4 48.1 -255.1 126.9 -74.2 409.8 360.5 3

 4 Net acquisition of financial assets -518.6 -240.1 830.9 449.8 415.3 479.2 196.6 707.9 1181.6 1375.4 907.9 4

 5 Vault cash -2.8 -2.2 8.1 7.1 -7.7 -6.2 11.0 31.3 -25.8 -4.6 22.1 5

 6 Reserves at Federal Reserve 117.0 -8.9 594.2 -71.2 -49.3 -171.8 -266.5 202.7 1197.2 891.6 876.6 6

 7 Credit market instruments -597.4 -194.4 208.9 413.6 292.2 365.6 300.3 696.2 115.0 208.7 212.1 7

 8 Open market paper -15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Treasury securities 94.7 103.0 -46.7 86.6 82.5 100.0 60.0 103.9 -69.7 -147.2 -87.8 9

 10 Agency- and GSE-backed securities 172.6 138.5 133.6 49.7 288.3 -93.7 16.5 -12.2 159.8 68.8 -100.5 10

 11 Municipal securities 3.4 29.3 46.8 66.0 53.5 77.2 84.6 48.7 58.7 65.2 52.9 11

 12 Corporate and foreign bonds -137.8 -124.7 4.3 -6.2 -148.1 -15.9 87.2 51.9 -83.9 -24.0 50.1 12

 13 Depository institution loans n.e.c. -405.8 -45.7 214.1 214.0 179.9 227.1 173.3 275.7 31.6 206.5 213.9 13

 14 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Mortgages -245.2 -213.9 -146.8 -45.2 -153.0 4.8 -165.2 132.5 -18.1 -14.9 -12.0 15

 16 Consumer credit -63.6 -81.0 3.6 48.7 -11.0 66.1 44.0 95.7 36.7 54.4 95.6 16

 17 Corporate equities 6.3 -1.7 0.9 5.1 8.5 3.0 6.1 3.0 -2.7 0.1 -1.5 17

 18 Mutual fund shares 14.1 -5.6 -0.5 8.7 -9.3 11.4 11.5 21.1 14.9 1.3 16.0 18

 19 Security credit -59.9 22.7 79.0 100.3 26.6 166.5 157.4 50.7 -148.2 -58.0 5.3 19

 20 Life insurance reserves 0.8 4.5 4.8 7.4 12.4 4.8 5.9 6.4 5.3 4.2 5.2 20

 21 Miscellaneous assets 3.3 -54.4 -64.5 -21.2 142.0 105.9 -29.0 -303.6 25.8 331.9 -227.8 21

 22 Net increase in liabilities -60.6 -55.0 923.1 536.7 682.8 431.2 451.8 581.0 1255.8 965.5 547.4 22

 23 Net interbank liabilities -655.3 -134.1 216.2 -124.1 262.8 50.6 -232.0 -577.7 678.6 1114.2 -351.4 23

 24 Checkable deposits 109.7 81.3 356.7 206.4 101.9 56.3 175.3 492.0 315.9 -243.5 282.3 24

 25 Small time and savings deposits 517.2 298.3 577.4 539.7 418.9 473.8 529.6 736.4 130.8 371.4 598.0 25

 26 Large time deposits -173.6 -182.7 -173.3 -19.2 -112.8 3.4 -93.8 126.3 -6.4 46.4 223.9 26

 27 Federal funds and security repos (net) 294.2 -140.5 -80.3 -120.2 -157.8 -84.9 -116.2 -121.7 -101.9 -182.4 34.3 27

 28 Credit market instruments -306.3 -162.1 -75.8 -26.3 -40.8 -19.6 -71.9 27.1 -16.4 69.3 17.9 28

 29 Open market paper 0.1 -20.1 7.6 -33.1 -65.1 -9.0 -45.4 -13.0 -52.2 -41.1 -27.3 29

 30 Corporate bonds -28.5 6.7 -21.0 1.3 50.4 -50.9 -18.2 23.7 -7.6 -9.8 -19.8 30

 31 Other loans and advances -278.0 -148.7 -62.5 5.6 -26.0 40.3 -8.3 16.3 43.5 120.3 64.9 31

 32 Corporate equity issues 11.6 11.9 6.4 2.1 3.5 1.3 1.1 2.3 1.4 0.6 3.3 32

 33 Taxes payable (net) 7.3 6.6 10.6 6.7 7.7 9.1 16.3 -6.4 7.6 -51.8 23.9 33

 34 Miscellaneous liabilities 134.5 166.2 85.4 71.7 199.4 -58.8 243.4 -97.2 246.2 -158.7 -284.9 34

 35 Foreign direct investment in U.S. 16.6 12.4 27.2 -2.4 -26.4 6.7 5.6 4.4 7.7 7.2 9.3 35

 36 Investment by holding companies 166.8 33.4 76.1 101.2 22.3 174.2 136.6 71.8 110.7 -100.8 70.4 36

 37 Investment by funding corporations -73.5 -31.5 -33.7 -11.8 65.7 -103.0 -42.3 32.3 67.7 -3.4 -96.3 37

 38 Other 24.7 152.0 15.8 -15.3 137.8 -136.7 143.4 -205.8 60.2 -61.7 -268.3 38

 39 Discrepancy 519.2 303.3 144.3 88.7 273.4 -8.7 299.1 -208.8 169.0 -376.8 -284.6 39

 Memo:

 40 Consumer leases not included above (3) -2.6 -0.8 -0.1 0.4 -0.4 -0.2 1.0 1.2 1.2 2.0 1.8 40

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

(2) Net capital transfers paid from table F.9, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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F.110 U.S.-Chartered Depository Institutions, Excluding Credit Unions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving less net capital transfers paid (1) 82.2 132.2 63.1 12.1 16.8 48.4 53.6 -70.5 113.6 52.3 95.5 1

 2 Fixed nonresidential investment 24.2 20.3 19.1 20.0 19.8 18.5 19.7 22.0 24.8 24.5 24.9 2

 3 Net acquisition of financial assets -314.8 -360.2 340.7 403.4 344.4 388.9 128.5 751.9 729.2 463.1 755.3 3

 4 Vault cash -2.8 -2.2 8.1 7.1 -7.7 -6.2 11.0 31.3 -25.8 -4.7 22.1 4

 5 Reserves at Federal Reserve 53.7 -89.7 224.8 -6.7 -6.6 -160.1 -165.7 305.6 730.3 80.4 885.9 5

 6 Credit market instruments -340.5 -174.7 133.7 361.8 263.1 360.9 182.2 641.1 147.3 186.9 75.5 6

 7 Open market paper -15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 68.1 93.0 -43.7 69.3 27.6 142.4 -7.9 115.2 -80.9 -100.3 -97.8 8

 9 Agency- and GSE-backed securities 168.0 110.1 106.9 35.5 260.2 -123.2 17.2 -12.0 163.5 60.6 -101.8 9

 10 Residential mortgage pass-through securities -13.4 -2.2 63.8 18.6 210.3 -57.5 2.0 -80.5 160.1 59.3 -79.2 10

 11 Commercial mortgage pass-through securities 0.1 -0.2 4.8 8.6 5.2 6.6 11.4 11.4 11.7 15.0 -1.6 11

 12 Residential CMOs and other structured MBS 70.1 129.4 80.3 -10.8 66.5 -85.5 -2.2 -21.9 -31.4 -45.9 -50.2 12

 13 Commercial CMOs and other structured MBS 0.1 -0.4 9.8 21.0 13.2 26.6 22.0 22.4 19.5 27.4 19.5 13

 14 Other 111.3 -16.6 -51.8 -1.9 -35.0 -13.3 -16.0 56.6 3.5 4.9 9.7 14

 15 Municipal securities 2.4 30.3 42.6 65.8 47.7 83.0 84.7 47.9 53.9 66.2 48.9 15

 16 Corporate and foreign bonds 25.1 -98.2 2.5 -1.4 -79.0 -14.4 56.3 31.5 -15.8 9.9 48.5 16

 17 Private residential mortgage pass-through securities 6.6 -9.7 -3.1 15.3 -1.3 62.5 -2.6 2.5 3.7 13.7 13.1 17

 18 Private commercial mortgage pass-through securities 1.1 -6.4 -2.5 0.4 1.4 -0.3 -0.3 0.6 -0.5 1.8 -4.8 18

 19 Private residential CMOs and other structured MBS -51.6 -70.6 -22.0 -20.8 -47.0 -14.5 -3.8 -17.7 -18.8 -19.9 -5.7 19

 20 Private commercial CMOs and other structured MBS -3.8 -1.4 2.7 4.1 -5.1 10.2 5.0 6.3 4.4 2.5 4.2 20

 21 Other 73.7 -10.7 27.8 -0.1 -26.3 -71.8 57.0 40.5 -3.5 11.5 41.9 21

 22 Depository institution loans n.e.c. -280.8 -34.6 163.6 216.6 190.1 228.7 170.0 277.8 31.6 143.4 148.0 22

 23 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Mortgages -243.3 -205.0 -145.4 -52.2 -153.1 0.8 -171.1 114.7 -14.8 -25.9 -40.2 24

 25 Consumer credit -64.5 -70.3 7.1 28.1 -30.4 43.7 33.0 66.0 9.8 32.9 69.8 25

 26 Corporate equities 6.3 -1.8 1.0 5.1 8.5 3.0 6.1 3.0 -2.7 0.1 -1.4 26

 27 Mutual fund shares 14.8 -5.8 -0.8 8.3 -10.3 11.6 11.1 20.7 13.8 2.2 16.6 27

 28 Security credit -59.2 -5.8 37.3 42.3 -39.4 75.8 128.1 4.7 -135.7 -41.6 -42.7 28

 29 Life insurance reserves 0.8 4.5 4.8 7.4 12.4 4.8 5.9 6.4 5.3 4.2 5.2 29

 30 Miscellaneous assets 12.1 -84.7 -68.2 -21.9 124.3 99.1 -50.0 -260.9 -3.3 235.5 -205.8 30

 31 Net increase in liabilities -15.8 -143.4 458.4 500.5 566.5 393.4 461.6 580.5 748.1 68.5 615.2 31

 32 Net interbank liabilities -487.1 -210.8 -266.0 -109.3 186.3 -104.1 -169.1 -350.4 418.8 231.5 23.6 32

 33 Federal Reserve float -0.6 0.7 0.8 0.1 -0.4 0.0 0.4 0.5 -0.4 -0.5 0.6 33

 34 Borrowing from Federal Reserve banks -463.1 -96.4 -0.0 -0.1 -0.8 0.3 0.2 -0.2 -0.2 0.4 0.2 34

 35 To domestic banking 16.8 -26.3 38.1 -24.6 67.4 15.6 -141.7 -39.6 199.8 30.1 -115.5 35

 36 To foreign banks -40.2 -88.8 -304.9 -84.8 120.0 -120.0 -28.0 -311.1 219.6 201.5 138.3 36

 37 Checkable deposits 94.0 69.6 319.4 176.9 62.4 32.6 163.9 448.7 264.9 -287.8 244.7 37

 38 Federal government 0.3 -0.1 -2.7 0.3 -0.1 0.8 -0.2 0.7 -0.7 0.3 0.5 38

 39 Rest of the world -28.7 -3.8 25.6 -4.2 -13.5 -4.5 4.6 -3.4 -22.8 -22.5 36.8 39

 40 Private domestic 122.4 73.5 296.5 180.8 76.0 36.4 159.5 451.4 288.4 -265.6 207.4 40

 41 Small time and savings deposits 472.3 271.7 537.1 491.6 357.5 405.0 498.6 705.2 107.7 308.8 517.9 41

 42 Large time deposits -335.7 -133.8 -13.2 -9.1 -5.7 86.6 -87.9 -29.2 -78.4 34.0 -14.0 42

 43 Federal funds and security repos (net) 256.0 -195.2 -112.7 -142.6 -203.5 -82.2 -109.6 -175.1 -134.6 -96.5 -49.2 43

 44 Credit market instruments -292.2 -161.7 -73.9 -27.2 -35.7 -23.0 -74.5 24.3 -4.9 64.4 5.4 44

 45 Open market paper 0.1 -20.1 7.6 -33.1 -65.1 -9.0 -45.4 -13.0 -52.2 -41.1 -27.3 45

 46 Corporate bonds -28.5 6.7 -21.0 1.3 50.4 -50.9 -18.2 23.7 -7.6 -9.8 -19.8 46

 47 Other loans and advances -263.9 -148.3 -60.5 4.6 -21.0 36.9 -10.9 13.5 54.9 115.3 52.5 47

 48 Corporate equity issues 11.6 11.9 6.4 2.1 3.5 1.3 1.1 2.3 1.4 0.6 3.3 48

 49 Taxes payable (net) 7.3 6.6 10.6 6.7 7.7 9.1 16.3 -6.4 7.6 -51.8 23.9 49

 50 Miscellaneous liabilities 257.8 198.5 50.8 111.5 194.0 68.0 222.8 -38.8 165.7 -134.8 -140.4 50

 51 Investment by holding companies 166.8 33.4 76.1 101.2 22.3 174.2 136.6 71.8 110.7 -100.8 70.4 51

 52 Other 91.1 165.1 -25.4 10.3 171.7 -106.3 86.2 -110.6 55.0 -33.9 -210.8 52

 53 Discrepancy 357.1 328.8 161.7 89.2 219.2 34.4 367.0 -263.9 107.8 -366.8 -69.4 53

 Memo:

 54 Consumer leases not included above (2) -2.6 -0.8 -0.1 0.4 -0.4 -0.2 1.0 1.2 1.2 2.0 1.8 54

(1) Net capital transfers paid from table F.9, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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Z.1, December 9, 2013 29

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 2.2 2.2 2.8 3.3 3.3 3.3 3.3 3.3 3.4 3.4 3.5 1

 2 Fixed nonresidential investment 2.3 1.9 2.3 2.9 2.8 2.9 2.9 3.0 2.9 3.0 3.0 2

 3 Net acquisition of financial assets -247.5 55.5 459.3 -8.7 -85.9 75.6 74.4 -98.7 348.6 848.8 122.0 3

 4 Vault cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 4

 5 Reserves at Federal Reserve 45.1 66.7 360.2 -72.2 -127.3 34.6 -68.9 -127.2 410.1 873.2 14.9 5

 6 Credit market instruments -287.5 -24.4 42.5 5.8 -47.4 -32.4 79.2 23.9 -84.9 -39.1 74.2 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 22.0 3.5 -0.5 16.1 44.5 -42.6 65.3 -2.7 11.8 -50.5 9.4 8

 9 Agency- and GSE-backed securities -19.3 -4.8 4.0 1.5 -6.1 12.9 -8.3 7.6 -17.5 -6.4 0.1 9

 10 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Corporate and foreign bonds -157.8 -9.4 -1.4 -6.2 -72.0 -1.2 30.5 17.8 -74.3 -36.6 1.1 11

 12 Depository institution loans n.e.c. -126.0 -11.3 42.9 -3.7 -7.4 -1.5 -8.4 2.3 0.0 54.8 62.5 12

 13 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Mortgages -6.4 -2.5 -2.6 -1.9 -6.4 -0.1 0.1 -1.2 -4.9 -0.4 1.0 14

 15 Corporate equities 0.0 0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 15

 16 Security credit -0.8 28.5 41.6 58.0 66.0 90.7 29.3 46.0 -12.5 -16.4 48.0 16

 17 Miscellaneous assets -4.4 -15.3 15.0 -0.3 22.8 -17.3 34.8 -41.4 35.8 31.1 -15.1 17

 18 Net increase in liabilities -103.0 35.1 466.6 -15.2 -17.9 6.8 -9.2 -40.6 367.1 835.7 -92.9 18

 19 Net interbank liabilities -156.3 33.7 507.2 -7.1 7.3 206.6 -18.5 -223.7 215.6 883.4 -362.6 19

 20 To foreign banks -161.7 27.0 518.8 -51.2 33.1 190.9 -223.7 -205.3 162.3 932.7 -299.1 20

 21 To domestic banks 5.4 6.7 -11.7 44.2 -25.8 15.7 205.2 -18.4 53.3 -49.4 -63.6 21

 22 Checkable deposits 2.6 5.7 23.7 16.2 -5.1 18.4 19.9 31.7 7.5 39.0 33.2 22

 23 Small time and savings deposits 4.4 5.8 13.2 13.8 36.0 16.8 1.2 1.2 20.7 10.8 61.4 23

 24 Large time deposits 148.0 -46.5 -163.1 -16.2 -113.5 -88.9 -8.1 145.5 64.1 6.5 225.5 24

 25 Federal funds and security repos (net) 40.6 54.6 48.3 16.2 57.4 -29.5 -20.9 57.7 -12.1 -82.3 87.1 25

 26 Acceptance liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Miscellaneous liabilities -142.3 -18.1 37.3 -38.1 0.0 -116.6 17.1 -53.0 71.3 -21.6 -137.5 27

 28 Foreign direct investment in U.S. 16.6 12.4 27.2 -2.4 -26.4 6.7 5.6 4.4 7.7 7.2 9.3 28

 29 Investment by funding corporations -73.5 -31.5 -33.7 -11.8 65.7 -103.0 -42.3 32.3 67.7 -3.4 -96.3 29

 30 Other -85.3 1.1 43.8 -23.9 -39.3 -20.2 53.9 -89.8 -4.0 -25.5 -50.5 30

 31 Discrepancy 144.4 -20.0 7.8 -6.1 68.5 -68.4 -83.2 58.5 19.0 -12.7 -214.4 31

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).
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F.112 Banks in U.S.-Affiliated Areas (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets -7.3 -14.8 -4.1 0.0 -0.5 11.4 -13.3 2.6 0.7 23.8 9.3 3

 4 Credit market instruments -2.8 -19.3 -4.9 -0.1 -0.6 -4.6 -2.9 7.5 -1.1 -0.1 -4.0 4

 5 Treasury securities -0.7 0.6 -0.0 -0.6 -0.7 1.9 -1.5 -2.1 -0.1 0.1 0.8 5

 6 Agency- and GSE-backed securities -3.9 -7.7 -8.0 -2.2 1.2 -1.2 -3.3 -5.5 -0.7 -1.1 -0.9 6

 7 Municipal securities 0.9 -0.9 0.9 -0.8 -0.1 -2.6 0.1 -0.7 0.2 0.2 2.3 7

 8 Corporate and foreign bonds 1.5 -1.4 3.6 1.0 0.5 -0.8 2.0 2.4 1.6 -0.2 0.3 8

 9 Depository institution loans n.e.c. -0.3 -3.3 1.1 1.0 0.4 0.3 1.4 1.7 0.3 3.6 0.5 9

 10 Home mortgages -0.3 -2.5 -2.4 2.3 -1.0 -1.0 -0.8 11.9 -0.3 -3.0 0.1 10

 11 Commercial mortgages -0.0 -4.0 -0.1 -0.8 -0.9 -1.1 -0.9 -0.2 -2.1 0.3 -7.1 11

 12 Miscellaneous assets -4.5 4.5 0.8 0.2 0.1 16.0 -10.4 -5.0 1.8 23.9 13.3 12

 13 Net increase in liabilities -1.1 -14.8 -3.1 -0.1 -1.4 12.1 -11.5 0.5 0.8 26.1 12.1 13

 14 Net interbank liabilities -1.0 0.9 -1.2 -0.4 0.5 -0.6 -2.9 1.5 1.3 -2.7 1.1 14

 15 Checkable deposits 1.4 0.5 2.8 2.5 0.7 11.0 -5.5 3.9 0.8 16.8 5.7 15

 16 Small time and savings deposits -2.9 -5.2 -0.4 -0.1 -0.8 3.4 -4.1 1.2 1.2 5.9 4.2 16

 17 Large time deposits -2.9 -5.2 -0.4 -0.1 -0.8 3.4 -4.1 1.2 1.2 5.9 4.2 17

 18 Miscellaneous liabilities 4.3 -5.9 -3.9 -2.0 -1.1 -5.0 5.2 -7.2 -3.6 0.3 -3.1 18

 19 Discrepancy 6.2 -0.0 1.0 -0.1 -0.9 0.7 1.9 -2.0 0.1 2.3 2.8 19

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

F.113 Credit Unions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Gross saving 6.3 8.4 10.0 12.0 11.2 11.7 12.3 13.0 8.2 7.6 7.5 1

 2 Fixed nonresidential investment 3.1 2.4 2.4 2.7 2.6 2.7 2.7 2.8 2.7 2.8 2.8 2

 3 Net acquisition of financial assets 51.1 79.4 35.1 55.0 157.4 3.3 7.1 52.2 103.1 39.6 21.3 3

 4 Reserves at Federal Reserve 18.1 14.1 9.2 7.7 84.6 -46.2 -31.8 24.4 56.8 -62.0 -24.2 4

 5 Credit market instruments 33.5 24.0 37.6 46.0 77.0 41.7 41.9 23.7 53.7 61.0 66.3 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 0.0 6

 7 Treasury securities 5.4 5.9 -2.5 1.7 11.0 -1.7 4.0 -6.5 -0.4 3.5 -0.3 7

 8 Agency- and GSE-backed securities 27.8 40.9 30.6 14.9 33.1 17.8 11.0 -2.3 14.5 15.6 2.0 8

 9 Municipal securities 0.0 0.0 3.2 1.0 5.9 -3.2 -0.2 1.5 4.5 -1.2 1.6 9

 10 Corporate and foreign bonds -6.7 -15.7 -0.3 0.3 2.4 0.5 -1.6 0.1 4.6 2.9 0.2 10

 11 Depository institution loans n.e.c. 1.3 3.5 6.6 0.1 -3.2 -0.4 10.2 -6.1 -0.4 4.7 2.8 11

 12 Home mortgages 4.8 0.0 3.5 7.3 8.5 6.1 7.5 7.3 3.9 14.0 34.2 12

 13 Consumer credit 0.9 -10.7 -3.4 20.6 19.4 22.4 10.9 29.7 26.9 21.5 25.7 13

 14 Mutual fund shares -0.7 0.2 0.3 0.4 1.0 -0.1 0.4 0.4 1.1 -0.8 -0.7 14

 15 Miscellaneous assets 0.2 41.1 -12.1 0.8 -5.1 8.0 -3.4 3.7 -8.5 41.5 -20.1 15

 16 Net increase in liabilities 59.3 68.0 1.3 51.5 135.5 18.9 10.9 40.6 139.7 35.3 13.0 16

 17 Net interbank liabilities -10.9 42.2 -23.7 -7.3 68.6 -51.4 -41.5 -5.1 42.9 2.0 -13.4 17

 18 Shares/deposits 72.0 34.3 41.5 51.3 77.3 45.3 37.3 45.4 50.6 34.5 21.3 18

 19 Checkable 11.6 5.5 10.7 10.7 43.9 -5.7 -3.1 7.8 42.6 -11.5 -1.3 19

 20 Small time and savings 43.4 26.1 27.4 34.4 26.1 48.5 34.0 28.9 1.3 45.9 14.4 20

 21 Large time 17.0 2.8 3.4 6.2 7.2 2.4 6.4 8.8 6.7 0.0 8.1 21

 22 Federal funds and security repos (net) -2.4 0.1 -15.9 6.2 -11.8 26.8 14.3 -4.3 44.9 -3.6 -3.5 22

 23 Other loans and advances -14.1 -0.4 -2.0 0.9 -5.1 3.3 2.6 2.8 -11.4 4.9 12.5 23

 24 Miscellaneous liabilities 14.7 -8.3 1.3 0.3 6.5 -5.1 -1.8 1.8 12.8 -2.5 -3.8 24

 25 Discrepancy 11.5 -5.5 -26.2 5.8 -13.4 24.6 13.4 -1.3 42.1 0.4 -3.6 25
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F.114 Property-Casualty Insurance Companies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving less net capital transfers paid (1) 41.4 51.4 32.9 27.1 39.2 41.2 42.2 -14.0 50.8 36.7 38.3 1

 2 Fixed nonresidential investment 20.1 16.8 17.5 18.7 18.4 18.6 18.7 19.1 19.3 19.3 19.4 2

 3 Net acquisition of financial assets 40.1 -38.2 24.6 22.4 11.6 14.6 24.8 38.5 28.2 31.2 47.3 3

 4 Checkable deposits and currency -0.3 5.0 -8.5 12.3 20.2 0.5 14.6 13.9 -18.8 -4.6 -0.1 4

 5 Money market fund shares -3.2 -4.0 -5.6 3.8 3.5 3.7 3.8 4.0 -4.3 -8.8 5.9 5

 6 Security repurchase agreements 0.1 -0.7 -2.1 0.1 0.1 0.1 0.1 0.1 -0.4 -0.7 0.5 6

 7 Credit market instruments 33.3 3.9 36.2 -2.5 -13.7 -11.0 1.1 13.6 20.4 4.2 23.2 7

 8 Open market paper -9.3 -1.9 0.9 -1.3 -1.4 -1.3 -1.3 -1.2 0.2 -2.9 2.0 8

 9 Treasury securities 22.9 3.2 4.6 -6.1 -7.3 -6.9 -5.7 -4.6 -0.0 -4.8 5.1 9

 10 Agency- and GSE-backed securities 1.9 -0.4 6.9 -9.0 -10.7 -10.2 -8.4 -6.8 2.7 1.3 2.0 10

 11 Municipal securities -12.6 -21.0 -17.4 -3.4 -7.3 -6.5 -2.1 2.3 7.7 3.6 5.7 11

 12 Corporate and foreign bonds 30.8 24.3 40.4 16.7 12.0 13.1 18.2 23.5 9.0 4.2 6.6 12

 13 Commercial mortgages -0.5 -0.3 0.8 0.7 1.0 0.8 0.5 0.5 0.9 2.9 1.8 13

 14 Corporate equities -2.8 -20.9 2.9 4.6 3.4 10.3 -3.5 8.3 4.9 9.8 -0.8 14

 15 Mutual fund shares 0.5 -0.1 -0.7 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 15

 16 Trade receivables -3.7 0.8 3.4 4.8 15.8 3.6 9.8 -10.0 8.1 10.4 6.8 16

 17 Miscellaneous assets 16.3 -22.2 -1.0 -2.6 -19.6 5.5 -3.0 6.7 16.4 19.1 10.0 17

 18 Net increase in liabilities -4.3 2.9 16.9 -6.0 -22.6 -11.3 1.4 8.7 2.5 15.8 13.6 18

 19 Security repurchase agreements -1.7 0.8 -1.1 0.4 0.3 0.0 0.7 0.7 1.1 1.3 1.5 19

 20 Corporate equity issues -5.3 -12.7 -10.7 -14.5 -18.1 -13.1 -22.2 -4.8 -3.6 -6.4 -8.3 20

 21 Taxes payable (net) 5.3 5.6 -4.4 3.8 26.0 -20.7 17.9 -8.1 30.4 -8.1 10.7 21

 22 Miscellaneous liabilities -2.6 9.2 33.1 4.4 -30.9 22.5 5.0 20.9 -25.5 29.0 9.8 22

 23 Discrepancy -23.2 75.7 7.6 -19.9 -13.4 -3.3 0.0 -62.8 5.8 2.1 -14.7 23

(1) Net capital transfers paid from table F.9, line 51.

F.115 Life Insurance Companies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Gross saving 13.5 16.6 8.0 2.8 -4.1 6.6 4.6 3.9 8.4 7.1 6.1 1

 2 Fixed nonresidential investment 14.6 12.5 13.1 14.0 13.8 14.0 14.0 14.3 14.5 14.4 14.5 2

 3 Net acquisition of financial assets 115.3 189.9 220.5 126.7 87.3 -39.0 210.9 247.5 48.7 -5.2 102.5 3

 4 Checkable deposits and currency -32.1 1.0 2.0 2.7 -3.4 12.9 -10.2 11.4 2.8 -38.9 31.3 4

 5 Money market fund shares -5.5 -12.7 7.9 -1.4 -14.3 12.4 -2.4 -1.1 2.1 -31.6 14.7 5

 6 Security repurchase agreements 2.2 0.7 -0.8 -1.6 -10.1 4.1 -0.3 0.1 0.9 -13.2 4.0 6

 7 Credit market instruments 139.8 151.6 125.8 60.5 118.0 -111.9 147.8 88.1 60.6 54.4 49.9 7

 8 Open market paper 11.5 -8.9 -11.2 13.9 0.9 12.8 7.2 34.5 -20.6 -10.5 3.8 8

 9 Treasury securities 27.7 23.2 18.8 4.2 6.2 -4.7 9.6 5.6 -6.5 -3.1 -10.1 9

 10 Agency- and GSE-backed securities 5.8 4.0 -1.6 -13.8 -6.5 -32.5 -2.9 -13.1 14.4 0.0 1.7 10

 11 Municipal securities 26.1 39.2 9.4 9.6 12.5 1.4 14.3 10.0 6.6 -0.0 0.8 11

 12 Corporate and foreign bonds 97.6 102.9 87.5 32.9 91.7 -107.0 109.4 37.6 65.7 49.7 27.0 12

 13 Other loans and advances -12.6 -0.2 7.9 1.8 -7.9 4.1 4.8 6.2 -3.4 5.3 2.6 13

 14 Mortgages -16.3 -8.6 15.0 11.9 21.1 13.9 5.5 7.2 4.3 13.0 24.2 14

 15 Corporate equities 33.4 45.6 37.7 15.3 6.4 16.2 20.0 18.5 18.7 65.0 43.1 15

 16 Mutual fund shares 0.0 1.0 1.1 1.3 1.2 1.3 1.3 1.3 1.3 1.4 1.3 16

 17 Miscellaneous assets -22.5 2.8 46.8 49.9 -10.5 26.0 54.7 129.3 -37.5 -42.3 -41.9 17

 18 Net increase in liabilities 30.9 168.1 201.3 91.4 68.4 -97.4 191.3 203.1 21.7 5.1 111.1 18

 19 Security repurchase agreements -0.5 -2.2 0.1 3.1 1.6 3.6 4.0 3.4 0.5 0.6 -1.8 19

 20 Corporate equity issues -0.9 -4.8 -11.5 -9.9 -11.5 -11.9 -7.6 -8.6 -6.6 -9.7 -8.5 20

 21 Other loans and advances -6.6 -3.2 1.8 4.8 6.6 15.7 -0.2 -3.0 5.2 6.5 -2.9 21

 22 Life insurance reserves 25.4 16.4 92.8 -11.9 -10.1 -74.6 12.0 25.1 -10.2 14.5 40.9 22

 23 Pension entitlements (1) 2.6 145.3 75.3 74.8 48.1 -46.9 112.1 186.0 23.7 -4.9 65.2 23

 24 Taxes payable (net) -7.0 2.6 5.2 -4.6 -14.8 13.9 0.9 -18.5 -0.6 -6.7 0.0 24

 25 Miscellaneous liabilities 17.9 14.0 37.7 35.1 48.6 2.8 70.2 18.8 9.6 4.8 18.2 25

 26 Discrepancy -85.6 -17.7 -24.4 -46.6 -36.8 -65.7 -29.0 -54.8 -33.1 2.9 0.2 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
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32 Z.1, December 9, 2013

F.116 Private and Public Pension Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1

 2 Fixed nonresidential investment 1.6 1.4 1.1 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 2

 3 Net acquisition of financial assets (2) 424.5 469.3 397.9 422.3 416.6 428.6 414.3 429.6 440.4 484.3 441.3 3

 4 Checkable deposits and currency -2.9 2.7 6.1 -0.5 -1.2 -1.3 -0.7 1.2 -0.1 0.6 -0.9 4

 5 Time and savings deposits 4.4 5.5 5.0 -3.2 -5.1 -3.0 -2.0 -2.5 -0.6 -10.8 3.8 5

 6 Money market fund shares -11.5 -7.1 18.8 -5.6 -8.8 -4.7 -3.7 -5.3 -0.4 -14.5 -1.4 6

 7 Security repurchase agreements 0.1 0.2 0.3 -0.2 -0.3 -0.3 0.6 -1.0 -0.1 -1.0 0.3 7

 8 Credit market instruments -65.7 156.0 93.6 39.8 95.7 21.0 -16.9 59.4 72.7 28.8 117.3 8

 9 Open market paper 2.0 3.6 5.7 -3.9 -2.1 -1.1 -8.9 -3.5 1.3 -12.8 -1.8 9

 10 Treasury securities 64.4 51.3 59.1 101.2 143.5 71.4 89.9 100.0 101.4 55.5 86.8 10

 11 Agency- and GSE-backed securities -9.3 8.9 11.2 51.2 83.0 43.3 28.0 50.4 47.0 13.8 41.9 11

 12 Corporate and foreign bonds -116.8 89.3 21.2 -106.9 -125.2 -92.2 -123.5 -86.6 -73.9 -17.9 3.4 12

 13 Mortgages -6.1 2.3 -4.4 -3.8 -5.0 -3.1 -3.6 -3.4 -4.2 -4.7 -7.9 13

 14 Corporate equities -66.1 -53.4 -145.4 42.2 40.4 55.1 35.5 37.7 3.4 20.3 -134.9 14

 15 Mutual fund shares 54.3 21.8 -14.2 57.1 81.0 59.3 56.5 31.6 44.7 18.8 54.4 15

 16 Miscellaneous assets 511.9 343.6 433.7 292.8 215.0 302.4 344.9 308.7 320.7 442.3 402.7 16

 17 Claims of pension fund on sponsor (3) 397.2 279.5 294.6 253.4 173.0 178.0 277.4 385.0 104.3 668.0 497.8 17

 18 Other 28.6 28.4 52.9 -2.5 -56.0 22.2 16.2 7.6 -23.8 41.0 15.3 18

 19 Pension entitlements (liabilities) (4) 424.8 469.4 397.7 422.2 416.5 428.6 414.2 429.6 440.3 484.3 441.3 19

 Memo:

 20 Household retirement assets (5) 639.2 686.0 480.1 653.3 401.5 700.0 628.4 883.3 63.5 -69.2 ND 20

 21 Defined benefit plans (6) 350.5 359.8 350.2 342.6 340.3 339.0 343.7 347.6 347.7 347.6 347.6 21

 22 Defined contribution plans (7) 74.0 109.5 47.7 79.6 76.3 89.6 70.6 82.0 92.7 136.7 93.7 22

 23 Individual retirement plans (IRAs) (8) 198.6 88.7 20.1 164.4 -72.6 320.1 113.0 297.2 -413.5 -553.9 ND 23

 24 Annuities at life insurance companies (9) 16.1 127.9 62.1 66.6 57.5 -48.7 101.1 156.5 36.6 0.3 ND 24

(1) Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans (including 401(k) type plans).

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

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

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

(5) Households’ retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.

(6) Additional detail on private defined benefit plans is available on table L.117.b.

(7) Additional detail on private defined contribution plans is available on table L.117.c.

(8) IRA assets are not included above. See table L.226.i for a sectoral distribution of IRA accounts.

(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 23.
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Z.1, December 9, 2013 33

F.117 Private Pension Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 1

 2 Fixed nonresidential investment 0.6 0.5 0.4 0.5 0.4 0.5 0.5 0.5 0.5 0.5 0.5 2

 3 Net acquisition of financial assets (2) 115.0 146.6 82.7 120.5 114.9 127.0 120.5 119.6 135.8 176.6 128.1 3

 4 Checkable deposits and currency -2.9 2.1 5.7 -0.3 -1.0 -1.0 -0.6 1.3 -0.1 1.7 -1.4 4

 5 Time and savings deposits 2.8 -0.9 1.4 -1.8 -3.6 -0.9 -1.1 -1.7 -0.1 -1.6 -0.5 5

 6 Money market fund shares -8.8 -10.1 16.8 -4.1 -7.1 -2.2 -2.7 -4.3 0.2 -3.5 -6.6 6

 7 Security repurchase agreements 0.2 -0.2 0.0 -0.1 -0.2 -0.1 0.7 -1.0 -0.0 -0.1 -0.1 7

 8 Credit market instruments 12.7 123.2 73.2 11.8 42.3 15.7 -6.1 -4.5 27.7 65.9 2.2 8

 9 Open market paper 1.0 -2.7 2.1 -2.5 -0.5 1.2 -8.0 -2.6 1.9 -2.8 -6.4 9

 10 Treasury securities 35.0 33.2 27.8 47.7 76.8 33.1 47.3 33.6 60.0 50.0 29.1 10

 11 Agency- and GSE-backed securities -6.4 6.5 3.3 16.9 33.1 11.2 7.0 16.4 9.1 15.4 15.3 11

 12 Corporate and foreign bonds -14.5 83.4 44.6 -47.8 -63.6 -28.0 -50.0 -49.5 -40.6 6.1 -32.9 12

 13 Mortgages -2.4 2.8 -4.6 -2.6 -3.5 -1.9 -2.4 -2.4 -2.8 -2.9 -2.9 13

 14 Corporate equities -95.4 25.2 -63.8 9.6 -12.6 19.3 32.9 -1.1 15.8 11.3 1.5 14

 15 Mutual fund shares 56.5 35.1 1.5 52.6 75.3 54.5 55.2 25.5 48.2 29.0 69.8 15

 16 Miscellaneous assets 149.9 -27.6 47.9 52.8 21.8 41.8 42.3 105.3 44.1 74.0 63.2 16

 17 Unallocated insurance contracts (3) 32.6 -45.5 12.4 3.5 -2.1 5.0 6.4 4.9 9.6 5.9 0.2 17

 18 Contributions receivable -8.4 15.4 3.0 -2.1 -6.5 1.4 -0.9 -2.3 0.8 -0.1 -0.4 18

 19 Claims of pension fund on sponsor (4) 88.6 -9.9 -11.6 54.1 80.4 15.0 24.3 96.8 59.1 39.9 60.8 19

 20 Other 37.1 12.3 44.1 -2.8 -50.0 20.4 12.5 5.9 -25.4 28.3 2.5 20

 21 Pension entitlements (liabilities) (5) 115.1 146.7 82.6 120.5 114.8 127.0 120.5 119.6 135.8 176.5 128.1 21

 Memo:

 Net acquisition of financial assets (6)

 22 Defined benefit plans 57.3 53.3 50.9 50.7 50.6 50.6 51.0 50.7 50.7 50.7 50.7 22

 23 Defined contribution plans 57.7 93.3 31.8 69.8 64.3 76.5 69.5 68.9 85.1 125.9 77.4 23

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

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

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

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

(5) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.

(6) Additional detail on defined benefit plans and defined contribution plans is available on F.117.b and F.117.c.
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F.118 State and Local Government Employee Retirement Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 0.9 0.8 0.8 0.9 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1

 2 Fixed nonresidential investment 1.0 0.9 0.7 0.8 0.8 0.8 0.8 0.9 0.8 0.9 0.9 2

 3 Net acquisition of financial assets (2) 215.8 220.7 209.4 203.3 200.8 200.1 203.9 208.3 208.4 208.4 208.4 3

 4 Checkable deposits and currency 0.0 0.6 0.4 -0.2 -0.2 -0.2 -0.1 -0.1 -0.1 -1.1 0.5 4

 5 Time and savings deposits 1.6 6.4 3.6 -1.3 -1.4 -2.1 -0.9 -0.8 -0.5 -9.2 4.3 5

 6 Money market fund shares -2.8 3.1 2.0 -1.6 -1.7 -2.5 -1.0 -1.0 -0.6 -11.0 5.2 6

 7 Security repurchase agreements -0.1 0.4 0.2 -0.1 -0.1 -0.2 -0.1 -0.1 -0.0 -0.9 0.4 7

 8 Credit market instruments -85.8 22.1 0.4 14.0 47.8 -11.6 -20.2 40.0 53.8 -38.6 91.8 8

 9 Open market paper 1.0 6.3 3.6 -1.4 -1.6 -2.3 -0.9 -0.9 -0.6 -10.1 4.7 9

 10 Treasury securities 22.0 8.0 13.4 41.2 64.2 25.2 32.5 42.9 45.5 0.3 30.5 10

 11 Agency- and GSE-backed securities -3.0 1.8 7.1 33.6 47.9 29.6 23.3 33.7 40.2 0.2 28.4 11

 12 Municipal securities 0.1 0.7 0.9 1.9 1.5 2.7 1.1 2.4 1.2 -5.1 -5.1 12

 13 Corporate and foreign bonds -102.3 5.7 -24.8 -60.1 -62.7 -65.6 -75.1 -37.2 -31.1 -22.2 38.2 13

 14 Mortgages -3.7 -0.5 0.2 -1.2 -1.5 -1.1 -1.1 -1.0 -1.5 -1.8 -5.0 14

 15 Corporate equities 20.5 -84.0 -77.4 36.7 46.5 39.6 11.0 49.5 -28.7 -0.3 -129.3 15

 16 Mutual fund shares -2.3 -13.2 -15.7 4.5 5.7 4.8 1.3 6.1 -3.5 -10.2 -15.4 16

 17 Miscellaneous assets 284.5 285.3 295.8 151.3 104.3 172.3 213.9 114.8 188.1 279.7 250.9 17

 18 Claims of pension fund on sponsor (3) 293.0 269.3 287.0 151.0 110.3 170.5 210.1 113.1 186.5 267.0 238.2 18

 19 Other -8.5 16.1 8.8 0.3 -6.0 1.8 3.8 1.7 1.5 12.7 12.7 19

 20 Pension entitlements (liabilities) (4) 215.9 220.7 209.3 203.3 200.8 200.1 203.9 208.3 208.3 208.3 208.3 20

(1) Defined benefit plans.

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

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

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

F.119 Federal Government Employee Retirement Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets (1) 93.7 102.1 105.9 98.5 100.9 101.5 89.8 101.7 96.2 99.4 104.8 1

 2 Credit market instruments 7.4 10.8 20.0 13.9 5.5 16.9 9.4 23.9 -8.7 1.5 23.4 2

 3 Treasury securities 7.4 10.0 17.9 12.3 2.5 13.1 10.1 23.5 -4.2 5.2 27.1 3

 4 Agency- and GSE-backed securities 0.0 0.6 0.7 0.6 2.0 2.4 -2.2 0.4 -2.2 -1.9 -1.9 4

 5 Corporate and foreign bonds -0.0 0.2 1.4 1.0 1.1 1.4 1.6 0.0 -2.3 -1.8 -1.9 5

 6 Corporate equities 8.8 5.4 -4.2 -4.1 6.5 -3.8 -8.4 -10.8 16.3 9.3 -7.1 6

 7 Miscellaneous assets (2) 77.5 85.9 90.0 88.6 88.9 88.3 88.8 88.6 88.6 88.6 88.6 7

 8 Nonmarketable Treasury securities 61.9 65.7 70.8 40.4 106.6 95.8 45.8 -86.5 229.9 -272.6 -110.3 8

 9 Claims of pension fund on sponsor (3) 15.6 20.2 19.2 48.2 -17.7 -7.5 43.0 175.1 -141.3 361.1 198.8 9

 10 Pension entitlements (liabilities) (4) 93.7 102.1 105.9 98.5 100.9 101.5 89.8 101.7 96.2 99.4 104.8 10

 Memo:

 Net acquisition of financial assets

 11 Defined benefit plans (2) 77.5 85.9 90.0 88.6 88.9 88.3 88.8 88.6 88.6 88.6 88.6 11

 12 Defined contibution plans (5) 16.2 16.2 15.9 9.8 12.0 13.1 1.0 13.1 7.6 10.8 16.3 12

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

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

 and foreign service retirement and disability fund.

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

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

(5) Includes the Thrift Savings Plan and the National Railroad Retirement Investment Trust.
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F.120 Money Market Mutual Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets -498.7 -503.2 -112.8 7.1 -190.9 -148.9 55.3 312.8 -135.0 77.2 270.2 1

 2 Foreign deposits 11.6 8.7 -62.9 0.4 -11.3 -28.6 28.7 12.5 21.8 -46.7 -3.2 2

 3 Checkable deposits and currency 10.5 -3.7 5.8 -3.6 -23.0 -4.2 1.5 11.4 23.4 49.6 -84.6 3

 4 Time and savings deposits 169.9 -107.7 -56.3 32.8 -118.5 -19.4 152.6 116.4 -32.2 81.4 233.2 4

 5 Security repurchase agreements -62.4 -0.6 11.1 54.2 115.6 42.4 -91.9 150.6 -206.7 -135.0 88.0 5

 6 Credit market instruments -619.9 -396.6 -9.8 -82.7 -106.2 -118.5 -27.8 -78.4 79.9 112.2 83.7 6

 7 Open market paper -108.0 -116.3 -40.0 -13.3 14.8 -0.6 -59.1 -8.5 51.0 135.5 -30.8 7

 8 Treasury securities -171.3 -71.0 107.9 14.5 138.0 -57.2 65.2 -88.2 55.4 -18.6 89.7 8

 9 Agency- and GSE-backed securities -213.1 -140.2 0.9 -60.2 -213.4 0.7 -13.9 -14.1 35.5 33.4 30.8 9

 10 Municipal securities -69.4 -53.4 -29.4 -20.6 -36.9 -38.8 -3.2 -3.7 -65.9 11.1 0.4 10

 11 Corporate and foreign bonds -58.1 -15.7 -49.1 -3.0 -8.8 -22.6 -16.9 36.0 4.0 -49.2 -6.4 11

 12 Miscellaneous assets -8.3 -3.4 -0.8 6.1 -47.4 -20.6 -7.9 100.2 -21.2 15.7 -46.8 12

 13 Net share issues (liabilities) -498.7 -503.2 -112.8 7.1 -190.9 -148.9 55.3 312.8 -135.0 77.2 270.2 13

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

F.121 Mutual Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Gross saving -40.7 -24.9 -35.3 -33.2 -34.4 -33.7 -33.6 -31.1 -19.6 -8.3 -8.2 1

 2 Net acquisition of financial assets 497.1 370.1 338.4 625.9 586.8 585.4 784.7 546.8 957.8 506.9 529.8 2

 3 Security repurchase agreements 28.6 -15.8 -28.8 54.1 157.1 46.9 108.5 -96.2 180.8 81.1 92.5 3

 4 Credit market instruments 387.1 353.6 359.4 642.0 683.2 650.3 655.2 579.2 670.9 257.6 222.9 4

 5 Open market paper 28.6 -13.9 -26.3 27.5 42.4 54.7 41.8 -28.7 -57.5 32.6 59.6 5

 6 Treasury securities 71.8 119.1 81.7 122.6 180.4 105.0 14.4 190.5 234.7 -40.3 -41.9 6

 7 Agency- and GSE-backed securities 52.1 80.2 99.0 87.4 68.4 143.0 152.7 -14.4 -2.6 10.4 -59.5 7

 8 Municipal securities 89.4 46.7 15.7 86.2 83.1 87.0 107.2 67.4 76.8 -22.5 -81.9 8

 9 Corporate and foreign bonds 143.8 122.3 170.3 306.0 306.0 240.5 333.5 344.1 388.7 207.6 356.6 9

 10 Other loans and advances 1.3 -0.8 18.9 12.2 2.9 20.1 5.6 20.3 30.8 69.9 -10.0 10

 11 Corporate equities 86.5 44.3 4.9 -37.0 -92.5 -50.0 2.1 -7.7 61.3 164.7 214.4 11

 12 Miscellaneous assets -5.1 -12.0 2.9 -33.1 -161.0 -61.9 18.9 71.4 44.9 3.4 -0.0 12

 13 Net share issues (liabilities) 497.1 370.1 338.4 625.9 586.8 585.4 784.7 546.8 957.8 506.9 529.8 13

 14 Discrepancy -40.7 -24.9 -35.3 -33.2 -34.4 -33.7 -33.6 -31.1 -19.6 -8.3 -8.2 14

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

F.122 Closed-End and Exchange-Traded Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 Closed-end funds

 1 Net acquisition of financial assets 7.5 0.5 -2.9 2.5 -30.2 13.2 9.7 17.3 16.9 15.6 -15.9 1

 2 Credit market instruments 10.5 5.3 -1.7 11.2 10.1 4.8 15.0 14.7 30.4 26.1 0.7 2

 3 Treasury securities 1.2 0.7 -0.3 0.3 1.1 -0.5 0.8 -0.1 2.1 0.5 -0.2 3

 4 Municipal securities 3.3 0.4 0.9 3.3 2.3 2.2 3.6 5.0 1.9 2.2 -2.5 4

 5 Corporate and foreign bonds 6.0 4.2 -2.3 7.6 6.7 3.1 10.7 9.8 26.4 23.4 3.5 5

 6 Corporate equities -3.0 -4.8 -1.2 -8.7 -40.4 8.4 -5.3 2.7 -13.5 -10.6 -16.6 6

 7 Net share issues (liabilities) 7.5 0.5 -2.9 2.5 -30.2 13.2 9.7 17.3 16.9 15.6 -15.9 7

 Exchange-traded funds

 8 Net acquisition of financial assets 116.5 118.0 117.6 185.2 212.7 100.2 207.0 221.0 207.7 60.2 214.4 8

 9 Credit market instruments 46.0 29.7 46.1 52.3 65.0 73.7 30.3 40.3 28.1 13.1 17.3 9

 10 Treasury securities 14.7 9.2 11.4 1.2 -1.7 21.1 -18.1 3.4 -2.9 4.8 -0.7 10

 11 Municipal securities 3.6 1.7 1.0 3.6 4.2 3.3 2.9 4.0 2.9 -1.8 -4.0 11

 12 Corporate and foreign bonds 27.6 18.7 33.6 47.6 62.5 49.3 45.5 32.9 28.2 10.1 22.0 12

 13 Corporate equities 70.5 88.3 71.6 132.9 147.7 26.4 176.7 180.7 179.6 47.1 197.1 13

 14 Net share issues (liabilities) 116.5 118.0 117.6 185.2 212.7 100.2 207.0 221.0 207.7 60.2 214.4 14
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F.123 Government-Sponsored Enterprises (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 9.6 10.6 8.8 8.5 9.1 8.3 8.3 8.5 -11.6 -236.8 -29.9 1

 2 Fixed nonresidential investment 0.9 3.5 3.3 3.3 3.3 3.3 3.3 3.4 3.4 3.4 3.5 2

 3 Net acquisition of financial assets -360.8 -313.9 -242.1 -205.1 -373.2 -194.0 -104.2 -149.0 116.2 -52.5 235.9 3

 4 Checkable deposits and currency 11.1 -36.0 9.3 -20.1 -120.8 41.8 -67.1 65.7 46.1 -49.5 102.5 4

 5 Time and savings deposits -42.8 0.3 -12.7 -9.1 -9.2 -5.2 -24.2 2.2 -2.7 4.8 10.8 5

 6 Federal funds and security repos 7.5 20.7 -38.9 38.6 -20.4 126.9 144.3 -96.5 171.1 -169.3 -71.4 6

 7 Credit market instruments -337.8 -328.2 -199.7 -218.6 -229.1 -301.0 -171.9 -172.3 -159.6 162.4 197.5 7

 8 Open market paper 3.0 0.2 -3.4 -3.1 -5.2 2.2 -6.3 -3.0 3.1 0.5 3.0 8

 9 Treasury securities 19.9 45.9 17.6 -31.2 18.9 -111.9 -18.7 -13.1 22.3 3.6 28.5 9

 10 Agency- and GSE-backed securities -27.4 -85.1 -18.1 -48.3 -45.0 -21.2 -74.1 -53.0 -39.9 -32.5 8.6 10

 11 Municipal securities -2.2 -4.2 -3.9 -4.1 -3.4 -3.3 -5.3 -4.4 -2.6 -5.9 -4.1 11

 12 Corporate and foreign bonds -48.6 -29.6 -30.8 -50.0 -31.8 -78.7 -33.6 -55.9 -22.9 -45.2 -118.3 12

 13 Other loans and advances -284.8 -144.7 -64.2 18.6 -21.9 74.1 4.4 17.9 28.9 141.9 63.4 13

 14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Farm Credit System -0.2 7.2 -3.5 8.3 -2.5 18.2 13.0 4.6 -19.7 15.2 1.4 15

 16 FHLB loans -284.6 -151.9 -60.7 10.3 -19.4 56.0 -8.5 13.3 48.7 126.7 62.0 16

 17 Mortgages 2.4 -110.8 -96.9 -100.5 -140.7 -162.4 -38.4 -60.7 -148.5 100.0 216.3 17

 18 Home -25.3 -117.7 -103.2 -111.5 -153.5 -163.7 -59.5 -69.4 -138.5 110.7 237.2 18

 19 Consolidated trusts (2) 0.0 -232.5 -108.9 -74.1 -38.4 -103.0 -93.2 -61.7 41.2 142.0 219.6 19

 20 Other -25.3 114.8 5.7 -37.5 -115.1 -60.8 33.7 -7.8 -179.7 -31.3 17.7 20

 21 Multifamily residential 14.2 2.0 2.8 6.2 8.3 -3.5 16.6 3.6 -14.1 -15.4 -25.1 21

 22 Consolidated trusts (2) 0.0 25.3 24.9 26.6 25.4 20.5 27.3 33.4 26.2 21.2 12.4 22

 23 Other 14.2 -23.3 -22.2 -20.4 -17.1 -24.0 -10.7 -29.8 -40.3 -36.6 -37.4 23

 24 Farm 13.5 4.9 3.5 4.8 4.6 4.9 4.6 5.2 4.1 4.7 4.2 24

 25 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Miscellaneous assets 1.2 29.3 -0.1 4.1 6.3 -56.4 14.7 51.8 61.3 -0.8 -3.5 26

 27 Net increase in liabilities -317.1 -263.8 -182.1 -146.6 -245.7 -162.0 -115.2 -63.6 35.1 132.9 34.5 27

 28 Federal funds and security repos -0.1 0.1 -0.9 -0.4 -1.6 0.6 -0.6 0.0 0.9 -0.8 -0.1 28

 29 Credit market instruments -475.3 -233.8 -187.2 -154.6 -274.9 -155.0 -113.2 -75.4 43.1 136.7 40.2 29

 30 GSE issues (4) -475.3 -233.8 -187.2 -154.6 -274.9 -155.0 -113.2 -75.4 43.1 136.7 40.2 30

 31 Consolidated trusts (2) 0.0 -207.2 -84.0 -47.4 -13.0 -82.5 -65.9 -28.3 67.3 163.2 231.9 31

 32 Other -475.3 -26.5 -103.2 -107.2 -261.9 -72.6 -47.3 -47.1 -24.2 -26.5 -191.7 32

 33 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Corporate equities 96.0 38.1 29.2 14.5 23.4 5.8 13.9 14.7 7.8 -10.7 3.3 34

 35 Miscellaneous liabilities 62.3 -68.2 -23.2 -6.1 7.3 -13.4 -15.3 -2.9 -16.7 7.7 -8.9 35

 36 Discrepancy 52.3 57.2 65.6 63.7 133.3 37.0 -6.1 90.5 -96.1 -54.8 -234.9 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 (table F.124) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets.

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

(3) Sallie Mae student loans.

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 415.3 186.9 165.3 132.2 134.5 146.5 105.6 142.4 138.8 88.9 158.3 1

 2 Home mortgages 402.5 175.8 148.0 105.0 115.7 112.9 84.8 106.5 110.0 51.4 123.5 2

 3 Multifamily residential mortgages 13.0 11.3 19.4 27.0 19.0 31.8 21.0 36.2 29.1 37.7 34.8 3

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

 5 Farm mortgages -0.2 -0.2 -2.1 0.3 -0.2 1.7 -0.2 -0.3 -0.2 -0.1 -0.1 5

 6 Net increase in pool securities (liabilities)(2) 415.3 186.9 165.3 132.2 134.5 146.5 105.6 142.4 138.8 88.9 158.3 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 are consolidated on

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

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

(2) Such issues are classified as agency- and GSE-backed securities.
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F.125 Issuers of Asset-Backed Securities (ABS)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 0.4 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets -736.6 -497.5 -246.9 -214.5 -229.5 -245.4 -249.7 -133.5 -207.4 -203.9 -144.8 3

 4 Treasury securities -18.3 -13.8 -10.9 -5.8 -13.1 -4.4 -6.6 0.8 -11.3 2.6 -10.6 4

 5 Agency- and GSE-backed securities (1) -224.2 -96.0 -3.3 -0.0 9.8 -2.4 -1.9 -5.5 11.8 -3.9 -3.5 5

 6 Other loans and advances -51.1 -38.9 -5.4 -0.6 18.2 -19.9 -19.3 18.5 -43.6 -12.8 -7.0 6

 7 Mortgages (2) -371.0 -297.1 -218.9 -205.4 -246.9 -206.3 -215.6 -152.6 -168.1 -168.4 -112.4 7

 8 Home -323.5 -243.7 -192.9 -181.2 -182.2 -191.5 -183.2 -168.0 -136.0 -152.2 -139.3 8

 9 Multifamily residential -6.1 -8.6 -7.7 -9.6 -11.1 -10.1 -10.1 -7.2 -13.8 -11.3 1.7 9

 10 Commercial -41.4 -44.9 -18.3 -14.5 -53.6 -4.7 -22.3 22.6 -18.3 -4.9 25.2 10

 11 Consumer credit -37.8 -42.3 -4.2 3.7 11.6 -0.8 -2.4 6.4 8.1 -5.8 -4.8 11

 12 Trade credit -34.3 -9.5 -4.2 -6.4 -9.1 -11.6 -3.9 -1.0 -4.2 -15.6 -6.4 12

 13 Net increase in liabilities -737.0 -497.7 -246.9 -214.5 -229.5 -245.4 -249.7 -133.5 -207.4 -203.9 -144.8 13

 14 Commercial paper -266.2 -40.3 -24.1 -9.0 19.9 -37.7 14.5 -32.9 11.1 -13.4 -13.3 14

 15 Corporate bonds (net) (3) -470.8 -457.4 -222.8 -205.5 -249.5 -207.7 -264.2 -100.7 -218.5 -190.5 -131.4 15

 16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

 17 Consumer leases (4) -0.4 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 REIT assets (5) -25.3 0.4 -3.1 -4.6 1.1 -20.1 8.7 -7.9 3.0 8.2 -2.1 18

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

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

(3) Net issuance less net acquisition of corporate bonds held as assets.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(5) Included in table F.127.

F.126 Finance Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Gross saving 93.5 65.9 93.1 127.0 124.1 115.4 140.2 128.5 84.9 70.3 73.8 1

 2 Fixed nonresidential investment 15.5 32.8 44.3 54.0 53.2 54.0 53.6 55.0 55.2 55.6 55.6 2

 3 Net acquisition of financial assets -189.2 -216.6 -19.2 -70.6 -60.1 -116.8 -88.9 -16.5 -46.0 6.1 -43.4 3

 4 Checkable deposits and currency 0.5 -1.7 5.1 -3.8 -1.6 -10.7 8.8 -11.8 5.5 -1.3 17.7 4

 5 Time and savings deposits 1.6 -5.2 15.4 -11.5 -4.8 -32.1 26.5 -35.4 16.4 -3.9 53.1 5

 6 Credit market instruments -219.7 -137.2 -42.1 -26.6 -25.6 -22.3 -32.2 -26.4 -18.7 -4.6 -14.5 6

 7 Corporate and foreign bonds 6.3 -19.8 0.9 -6.3 -0.4 8.0 -6.3 -26.5 -2.2 -17.6 -3.8 7

 8 Other loans and advances -91.0 -15.2 6.7 14.2 10.1 19.8 5.8 21.1 24.8 8.7 7.3 8

 9 Mortgages -52.6 -88.8 -32.3 -26.7 -28.6 -31.5 -20.7 -26.1 -29.3 -10.6 -22.0 9

 10 Consumer credit -82.4 -13.4 -17.4 -7.8 -6.7 -18.5 -11.0 5.1 -12.1 14.9 4.0 10

 11 Miscellaneous assets 28.4 -72.5 2.4 -28.7 -28.2 -51.7 -92.1 57.1 -49.0 16.0 -99.7 11

 12 Net increase in liabilities -250.2 -233.5 -26.0 -82.1 -66.0 -123.2 -91.4 -47.7 -59.5 -1.8 -52.5 12

 13 Credit market instruments -156.2 -174.9 -13.5 -56.7 -41.5 -84.0 60.1 -161.6 -49.5 0.1 59.3 13

 14 Open market paper -38.8 1.7 10.0 8.2 7.7 11.3 12.1 1.5 -32.6 5.8 31.6 14

 15 Corporate bonds -87.0 -111.7 -39.4 -81.4 -34.8 -89.9 -10.0 -190.7 -19.9 -14.0 24.4 15

 16 Depository institution loans n.e.c. -30.4 -64.9 15.9 16.4 -14.5 -5.4 58.0 27.7 3.0 8.2 3.4 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 0.0 17

 18 Taxes payable -2.8 0.3 0.5 0.2 1.2 -0.7 -0.6 0.9 0.8 -0.6 0.9 18

 19 Miscellaneous liabilities -91.2 -58.9 -13.0 -25.5 -25.6 -38.5 -150.9 112.9 -10.9 -1.2 -112.7 19

 20 Foreign direct investment in U.S. 12.8 13.2 7.5 -2.2 -6.3 -0.5 1.8 -3.7 -3.8 5.0 1.8 20

 21 Investment by parent -32.6 -12.8 -12.0 -0.9 -26.5 -24.3 -2.3 49.5 -9.5 8.8 1.5 21

 22 Other -71.5 -59.3 -8.5 -22.5 7.3 -13.7 -150.5 67.1 2.4 -15.0 -115.9 22

 23 Discrepancy 17.1 16.2 42.0 61.6 65.0 55.0 84.2 42.3 16.1 6.9 9.1 23

 Memo:

 24 Consumer leases not included above (2) -25.7 -16.5 7.9 24.3 17.9 22.8 29.1 27.5 22.7 28.9 26.4 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table F.125.
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F.127 Real Estate Investment Trusts (REITs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 5.5 -5.9 -5.9 3.0 4.2 0.6 5.2 2.0 3.6 2.5 5.5 1

 2 Fixed nonresidential investment 3.6 2.8 2.7 3.0 2.9 3.0 3.0 3.2 3.0 3.1 3.3 2

 3 Multifamily residential investment -0.1 4.7 6.3 5.3 4.9 6.4 5.1 4.9 4.9 -10.4 5.3 3

 4 Net acquisition of financial assets -9.3 41.8 118.3 157.7 266.9 93.6 300.6 -30.2 27.4 -26.6 -143.5 4

 5 Checkable deposits and currency 7.9 -2.8 2.1 7.5 16.8 -3.2 15.0 1.5 23.4 -11.6 6.0 5

 6 Credit market instruments -8.7 37.1 102.9 127.7 227.8 90.6 251.6 -59.3 -28.8 -61.4 -78.7 6

 7 Agency- and GSE-backed securities 15.5 38.2 101.4 111.5 219.0 71.6 232.5 -77.1 -50.9 -71.9 -82.2 7

 8 Corporate and foreign bonds 3.8 5.3 1.3 10.1 13.9 8.0 12.2 6.2 19.7 -2.0 -3.5 8

 9 Mortgages -28.0 -6.3 0.2 6.1 -5.0 11.1 7.0 11.6 2.4 12.5 7.0 9

 10 Home -21.7 -3.7 -0.7 5.5 1.8 12.3 2.4 5.4 7.2 4.3 6.6 10

 11 Multifamily residential -2.0 -0.4 -0.2 0.1 -0.0 0.2 0.0 0.4 1.3 2.5 -0.6 11

 12 Commercial -4.3 -2.3 1.1 0.5 -6.8 -1.4 4.6 5.8 -6.0 5.7 0.9 12

 13 Miscellaneous assets -8.5 7.4 13.3 22.5 22.3 6.2 34.0 27.5 32.8 46.4 -70.7 13

 14 Net increase in liabilities -28.5 71.0 169.0 210.8 321.6 130.1 343.8 47.7 72.1 29.2 -78.6 14

 15 Security repurchase agreements 11.1 30.0 94.9 103.4 173.4 81.7 163.2 -4.8 7.5 -49.1 -84.5 15

 16 Credit market instruments -50.0 -2.1 28.2 42.9 26.6 57.3 27.4 60.4 16.9 13.1 38.4 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 0.0 17

 18 Corporate bonds -41.3 -0.1 15.5 26.1 30.0 24.9 18.7 30.6 7.7 25.6 31.0 18

 19 Depository institution loans n.e.c. -12.1 -2.2 3.6 1.2 -13.9 7.6 -3.5 14.8 -12.9 3.9 23.8 19

 20 Mortgages 3.4 0.2 9.1 15.6 10.4 24.9 12.2 14.9 22.1 -16.4 -16.4 20

 21 Corporate equity issues 24.2 28.2 37.5 47.6 59.5 31.1 62.7 37.1 64.2 63.1 24.9 21

 22 Miscellaneous liabilities -13.8 14.9 8.5 17.0 62.2 -40.0 90.5 -44.9 -16.5 2.1 -57.4 22

 23 Discrepancy -17.1 16.1 36.1 47.9 51.2 27.9 40.3 72.0 40.6 65.7 61.8 23

 Memo:

 24 Securitized assets included above -25.3 0.4 -3.1 -4.6 1.1 -20.1 8.7 -7.9 3.0 8.2 -2.1 24

 25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Home mortgages -25.7 1.1 -0.7 3.6 2.6 0.3 8.8 2.6 1.7 8.2 -1.8 26

 27 Multifamily residential mortgages -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 0.0 -0.0 0.1 -0.0 -0.0 27

 28 Commercial mortgages 0.4 -0.7 -2.3 -8.1 -1.5 -20.4 -0.1 -10.5 1.2 0.0 -0.3 28

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on F.127.e and F.127.m.
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F.128 Security Brokers and Dealers

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 38.0 26.8 10.0 7.8 19.0 12.8 12.4 -13.0 21.8 6.0 19.7 1

 2 Fixed nonresidential investment 25.6 19.4 17.2 18.4 18.1 18.4 18.4 18.8 18.9 19.0 19.1 2

 3 Net acquisition of financial assets -133.0 -9.1 -125.4 118.6 642.4 -30.5 -5.5 -131.9 262.0 -10.0 -90.2 3

 4 Checkable deposits and currency -29.4 6.2 14.9 16.3 22.1 -48.7 33.2 58.8 -66.2 40.5 -19.8 4

 5 Credit market instruments -192.1 32.2 5.7 89.1 224.8 -18.0 16.8 132.8 -167.4 -330.1 -5.4 5

 6 Open market paper -24.2 -5.3 5.9 -12.2 6.3 -36.1 -5.9 -13.1 0.1 -2.2 6.2 6

 7 Treasury securities -67.6 -28.5 89.1 63.0 115.5 12.6 18.3 105.4 -144.7 -134.9 68.6 7

 8 Agency- and GSE-backed securities -131.8 38.9 -2.1 21.9 3.7 84.6 -17.2 16.4 -62.8 -112.3 -80.7 8

 9 Municipal securities -3.3 4.6 -9.1 -4.3 15.1 -14.1 -8.6 -9.6 17.7 -48.1 -3.0 9

 10 Corporate and foreign bonds 47.5 35.2 -85.0 35.5 179.1 -74.1 33.9 3.1 31.9 -52.8 13.5 10

 11 Other loans and advances -12.7 -12.7 6.9 -14.8 -94.9 8.9 -3.8 30.6 -9.5 20.2 -10.0 11

 12 Corporate equities -4.6 -18.5 -5.0 9.7 12.1 11.8 31.6 -16.8 -78.0 16.5 -5.5 12

 13 Security credit 38.1 75.2 -39.3 64.9 115.4 -93.1 98.7 138.4 16.4 -21.2 44.6 13

 14 Miscellaneous assets 54.9 -104.2 -101.7 -61.4 268.0 117.4 -186.0 -445.1 557.2 284.2 -104.1 14

 15 Net increase in liabilities -202.5 -23.0 -91.3 63.7 460.7 3.1 -60.8 -148.2 193.2 -45.9 -97.2 15

 16 Security repurchase agreements (net) -57.5 -66.2 -189.4 -15.1 215.9 -123.8 -180.5 27.9 81.6 -75.6 -134.3 16

 17 Credit market instruments -49.7 36.9 -37.9 -1.7 24.8 16.5 -65.2 17.3 -4.2 55.8 -27.8 17

 18 Corporate bonds -4.2 36.9 -37.9 -1.7 24.8 16.5 -65.2 17.3 -4.2 55.8 -27.8 18

 19 Depository institution loans n.e.c. (1) -45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Corporate equity issues -32.4 -11.1 14.1 -50.7 -181.4 25.1 -26.8 -19.9 -45.4 -41.6 0.3 20

 21 Trade payables 48.9 -52.0 -3.8 -0.0 12.2 -15.3 -2.0 5.0 4.6 1.0 -9.3 21

 22 Security credit -134.0 48.4 137.1 124.0 66.2 228.0 167.6 34.1 -122.1 92.9 30.2 22

 23 Customer credit balances (HH) -74.1 25.7 58.1 23.6 39.6 61.5 10.1 -16.6 26.1 150.9 24.9 23

 24 From U.S.-chartered depository institutions -59.2 -5.8 37.3 42.3 -39.4 75.8 128.1 4.7 -135.7 -41.6 -42.7 24

 25 From foreign banking offices in U.S. -0.8 28.5 41.6 58.0 66.0 90.7 29.3 46.0 -12.5 -16.4 48.0 25

 26 Taxes payable 3.2 -2.1 -1.1 0.5 1.8 -0.6 3.3 -2.4 5.4 0.1 0.6 26

 27 Miscellaneous liabilities 18.4 22.2 -8.6 0.3 291.8 -132.2 46.3 -204.8 278.7 -79.4 59.0 27

 28 Foreign direct investment in U.S. 2.1 13.2 10.8 8.0 6.9 4.2 5.6 15.2 6.5 6.1 3.2 28

 29 Investment by parent companies -166.8 -51.2 40.4 68.7 262.2 -113.3 65.0 60.7 -24.1 50.3 -122.9 29

 30 Other 183.1 60.2 -59.8 -76.4 22.7 -23.1 -24.3 -280.8 296.3 -135.9 178.6 30

 31 Proprietors’ net investment 0.6 0.9 -1.7 6.5 29.4 5.3 -3.6 -5.3 -5.3 0.9 -15.9 31

 32 Discrepancy -57.2 -6.6 26.9 -65.5 -180.7 28.1 -61.3 -48.2 -65.8 -48.9 -6.4 32

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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F.129 Holding Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Gross saving 97.8 108.1 144.6 176.9 177.4 147.7 146.9 235.5 131.6 186.8 169.6 1

 2 Fixed nonresidential investment 54.4 48.3 51.4 54.5 53.5 54.3 54.4 55.6 56.4 56.2 56.4 2

 3 Net acquisition of financial assets 87.3 -4.6 44.6 -40.2 26.7 -212.6 -88.6 113.8 381.9 -127.0 55.5 3

 4 Time and savings deposits -3.9 -1.3 2.4 3.1 -3.5 33.7 0.5 -18.2 -13.6 7.9 -2.5 4

 5 Federal funds and security repos 19.8 2.1 0.2 -48.3 -201.3 0.2 0.6 7.4 -0.9 -14.1 11.6 5

 6 Credit market instruments -16.0 22.1 3.1 -39.8 64.1 -158.2 -28.1 -36.9 26.0 53.0 -40.2 6

 7 Treasury securities 2.7 13.8 7.1 -29.8 9.6 -120.1 4.5 -13.2 6.4 41.1 -8.4 7

 8 Agency- and GSE-backed securities -7.0 -3.2 12.0 -22.1 -14.4 -77.5 -1.9 5.6 15.5 -5.1 16.6 8

 9 Corporate and foreign bonds -8.4 7.3 -20.1 -4.7 -9.6 38.9 -32.2 -15.7 1.6 -2.0 -7.5 9

 10 Other loans and advances -3.2 4.3 4.0 16.7 78.5 0.5 1.5 -13.6 2.6 19.0 -40.9 10

 11 Life insurance reserves 2.1 3.8 2.4 7.3 24.5 4.3 5.8 -5.3 5.0 1.1 4.5 11

 12 Miscellaneous assets 85.4 -31.2 36.5 37.4 142.9 -92.6 -67.4 166.8 365.3 -175.0 82.1 12

 13 Net trans. with depository institution subs. 166.8 33.4 76.1 101.2 22.3 174.2 136.6 71.8 110.7 -100.8 70.4 13

 14 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 4.3 0.0 10.2 5.3 1.8 -22.9 -0.0 -7.1 14

 15 Net trans. with life insurance company subs. 9.3 22.2 9.3 9.9 -2.1 27.7 13.5 0.7 0.8 -1.4 1.2 15

 16 Net trans. with finance company subs. -23.3 -39.5 -20.3 -0.5 -15.3 -14.0 -1.3 28.6 -5.5 5.1 0.9 16

 17 Net trans. with broker and dealer subs. -173.1 -24.3 -13.0 49.6 255.4 -114.1 4.9 52.3 -84.7 72.1 -160.4 17

 18 Net trans. with foreign subs. 23.5 10.6 30.6 -51.5 77.3 -77.8 -48.7 -156.9 89.8 -146.0 106.5 18

 19 Other 82.3 -33.6 -46.2 -75.6 -194.8 -98.8 -177.6 168.6 277.1 -4.0 70.7 19

 20 Net increase in liabilities 34.8 -64.6 -50.0 -164.3 -98.7 -307.7 -182.4 -68.2 304.4 -259.1 -58.9 20

 21 Federal funds and security repos -0.2 0.2 0.4 -1.2 -0.4 -0.3 0.5 -4.5 -0.1 -0.0 0.0 21

 22 Credit market instruments -8.0 -16.5 -16.5 -97.7 12.3 -360.2 26.2 -69.3 -24.5 -149.7 -46.3 22

 23 Commercial paper -18.1 3.9 11.1 6.2 -16.2 -0.7 31.9 9.5 5.2 -28.7 -4.8 23

 24 Corporate bonds 7.8 -46.5 -91.6 16.3 110.1 -124.4 16.7 62.7 -46.0 -138.5 48.3 24

 25 Depository institution loans n.e.c. 2.3 26.1 64.0 -120.2 -81.6 -235.1 -22.4 -141.4 16.3 17.5 -89.9 25

 26 Corporate equity issues 68.6 19.8 2.9 0.6 12.7 -14.8 36.5 -31.8 -7.0 -21.4 -27.5 26

 27 Miscellaneous liabilities -25.6 -68.2 -36.8 -66.0 -123.3 67.6 -245.6 37.4 336.0 -88.0 15.0 27

 28 Equity, etc. 35.6 -22.4 6.9 -13.9 61.3 49.5 -16.6 -149.9 67.8 -119.8 -42.3 28

 29 Other -61.2 -45.8 -43.8 -52.1 -184.6 18.1 -229.0 187.2 268.2 31.8 57.2 29

 30 Discrepancy -9.1 -0.3 -1.5 -1.7 -1.5 -1.7 -1.4 -2.2 -2.3 -1.4 -1.2 30

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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F.130 Funding Corporations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net acquisition of financial assets -446.6 -115.5 -73.1 52.0 -168.8 -89.2 34.5 431.6 137.4 6.4 23.4 1

 2 Money market fund shares -153.7 -148.1 -89.1 -12.7 -158.9 -170.4 36.6 241.8 -169.6 71.7 127.3 2

 3 Security repurchase agreements 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 0.0 0.0 3

 4 Credit market instruments -250.9 89.7 22.7 57.6 -82.4 183.4 -19.9 149.1 179.1 -40.1 -45.3 4

 5 Open market paper -284.8 39.3 -7.8 -15.5 -81.4 -42.1 -7.0 68.5 106.4 -106.9 -45.3 5

 6 Corporate and foreign bonds 43.6 51.9 32.6 79.6 24.0 228.5 -10.8 76.6 72.6 71.1 1.0 6

 7 Other loans and advances -9.8 -1.5 -2.0 -6.5 -25.0 -3.0 -2.1 4.1 0.1 -4.4 -1.0 7

 8 Corporate equities (2) 25.1 1.3 -26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets -67.2 -58.4 19.6 7.2 72.5 -102.3 17.8 40.7 128.3 -25.2 -58.7 9

 10 Investment in foreign banking offices -73.5 -31.5 -33.7 -11.8 65.7 -103.0 -42.3 32.3 67.7 -3.4 -96.3 10

 11 Investment in brokers and dealers 6.3 -26.9 53.4 19.0 6.8 0.7 60.1 8.4 60.6 -21.8 37.6 11

 12 Net increase in liabilities -446.6 -115.5 -73.1 52.0 -168.8 -89.2 34.5 431.6 137.4 6.4 23.4 12

 13 Credit market instruments -434.8 -65.3 -52.4 -23.9 -6.7 -50.6 9.1 -47.4 91.1 39.1 -57.0 13

 14 Open market paper -125.1 -47.4 -72.7 -30.9 24.1 -18.0 -78.5 -51.3 56.1 61.7 -118.5 14

 15 Corporate bonds 37.9 -3.2 71.6 35.3 8.9 17.2 98.9 16.3 37.9 -22.2 61.5 15

 16 Depository institution loans n.e.c. (3) -349.6 -21.9 -51.9 -21.5 -38.3 -47.6 0.0 0.0 0.0 0.0 0.0 16

 17 Other loans and advances (4) 2.0 7.2 0.7 -6.8 -1.4 -2.2 -11.3 -12.5 -3.0 -0.4 0.0 17

 18 Corporate equities (5) 30.5 3.5 -18.4 -8.6 -34.5 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Miscellaneous liabilities -42.3 -53.6 -2.3 84.5 -127.6 -38.6 25.4 479.0 46.3 -32.7 80.4 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 0.6 20

 21 Securities loaned (net) -30.2 -123.5 -74.6 -79.2 -28.9 219.8 -198.4 -309.3 236.2 298.3 -43.6 21

 22 Equity interest under PPIP 2.4 7.9 1.4 0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Other (net) -15.1 61.3 70.3 163.1 -99.5 -259.1 223.2 787.7 -190.5 -331.6 123.4 23

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
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42 Z.1, December 9, 2013

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 99.9 1.8 15.9 4.5 4.9 13.2 3.3 -3.6 3.5 -0.8 2.4 1

 2 Federal government: SDR allocations 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Rest of the world 52.3 1.8 15.9 4.5 4.9 13.2 3.3 -3.6 3.5 -0.8 2.4 3

 4 SDR holdings 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Reserve position in IMF (net) 3.4 1.3 18.1 4.0 4.3 12.7 3.0 -3.9 3.0 -1.1 2.0 5

 6 Foreign currency holdings 0.7 0.5 -0.5 0.4 0.6 0.4 0.3 0.3 0.5 0.4 0.4 6

 7 Net change in assets 99.9 1.8 15.9 4.5 4.9 13.2 3.3 -3.6 3.5 -0.8 2.4 7

 8 Federal government 51.9 1.6 16.2 4.3 4.6 13.0 3.1 -3.7 3.3 -1.0 2.2 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 SDR holdings 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Reserve position in IMF (net) 3.4 1.3 18.2 4.0 4.3 12.8 2.9 -3.9 3.1 -1.2 1.9 11

 12 Foreign currency holdings 0.3 0.3 -0.2 0.2 0.3 0.2 0.2 0.1 0.2 0.2 0.2 12

 13 Rest of the world 47.6 0.0 0.0 0.0 0.0 0.0 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 0.0 14

 15 SDR allocations 47.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Monetary authority 0.3 0.3 -0.3 0.2 0.3 0.2 0.2 0.1 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 0.0 17

 18 Reserve position in IMF (net) 0.0 0.0 -0.1 0.0 0.0 -0.0 0.1 -0.0 -0.1 0.0 0.0 18

 19 Foreign currency holdings 0.3 0.3 -0.2 0.2 0.3 0.2 0.2 0.1 0.2 0.2 0.2 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; quarterly figures are seasonally adjusted annual rates

 SDR certificates:

 1 Liab: Federal government 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Asset: Monetary authority 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government -0.4 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.4 3

 4 Asset: Monetary authority 4.0 0.9 0.7 0.6 0.8 0.5 0.5 0.5 0.9 0.7 0.7 4

 5 Discrepancy (seigniorage) -4.4 -1.1 -0.7 -0.6 -0.8 -0.5 -0.5 -0.5 -0.9 -0.7 -2.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total rest of the world liability -110.7 -9.3 -46.3 -30.2 -60.9 -111.7 141.0 -89.1 96.8 350.3 171.7 1

 Held by:

 2 Household sector -6.6 -0.6 -2.8 -1.8 -3.7 -6.7 8.5 -5.3 5.8 21.0 10.3 2

 3 Nonfinancial corporate business 6.8 9.1 -5.8 -21.4 -52.1 -45.2 -4.2 15.8 62.0 108.9 -37.6 3

 4 Money market mutual funds 11.6 8.7 -62.9 0.4 -11.3 -28.6 28.7 12.5 21.8 -46.7 -3.2 4

 5 Discrepancy--unallocated assets -122.5 -26.6 25.2 -7.3 6.1 -31.2 107.9 -112.0 7.2 267.1 202.3 5
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F.203 Net Interbank Transactions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities -541.1 -145.2 818.5 -188.2 205.8 -127.4 -487.5 -343.7 1850.0 2001.2 547.2 1

 2 Monetary authority 114.2 -11.1 602.3 -64.1 -57.0 -178.0 -255.5 234.1 1171.4 887.0 898.7 2

 3 U.S.-chartered depository institutions -487.1 -210.8 -266.0 -109.3 186.3 -104.1 -169.1 -350.4 418.8 231.5 23.6 3

 4 Foreign banking offices in U.S. -156.3 33.7 507.2 -7.1 7.3 206.6 -18.5 -223.7 215.6 883.4 -362.6 4

 5 Banks in U.S.-affiliated areas -1.0 0.9 -1.2 -0.4 0.5 -0.6 -2.9 1.5 1.3 -2.7 1.1 5

 6 Credit unions -10.9 42.2 -23.7 -7.3 68.6 -51.4 -41.5 -5.1 42.9 2.0 -13.4 6

 7 Net change in assets -551.4 -168.7 817.0 -200.1 95.0 -106.8 -506.6 -282.1 1552.7 2021.2 738.7 7

 8 Rest of the world -201.9 -61.8 213.9 -136.0 153.1 70.8 -251.7 -516.4 382.0 1134.2 -160.8 8

 9 Monetary authority -463.7 -95.7 0.8 0.0 -1.1 0.3 0.6 0.3 -0.7 -0.0 0.8 9

 10 U.S.-chartered depository institutions 50.9 -91.9 232.9 0.4 -14.3 -166.3 -154.8 336.9 704.5 75.7 908.0 10

 11 Foreign banking offices in U.S. 45.1 66.7 360.2 -72.2 -127.3 34.6 -68.9 -127.2 410.1 873.3 14.9 11

 12 Credit unions 18.1 14.1 9.2 7.7 84.6 -46.2 -31.8 24.4 56.8 -62.0 -24.2 12

 13 Discrepancy 10.3 23.5 1.5 11.9 110.8 -20.6 19.1 -61.6 297.3 -20.0 -191.5 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority -2.8 -2.2 8.1 7.1 -7.7 -6.2 11.0 31.3 -25.8 -4.6 22.1 14

 15 Asset: U.S.-chartered depository institutions -2.8 -2.2 8.1 7.1 -7.7 -6.2 11.0 31.3 -25.8 -4.7 22.1 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 0.1 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 117.0 -8.9 594.2 -71.2 -49.3 -171.8 -266.5 202.7 1197.2 891.6 876.6 17

 18 Asset: U.S.-chartered depository institutions 53.7 -89.7 224.8 -6.7 -6.6 -160.1 -165.7 305.6 730.3 80.4 885.9 18

 19 Foreign banking offices in U.S. 45.1 66.7 360.2 -72.2 -127.3 34.6 -68.9 -127.2 410.1 873.2 14.9 19

 20 Credit unions 18.1 14.1 9.2 7.7 84.6 -46.2 -31.8 24.4 56.8 -62.0 -24.2 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions -463.7 -95.7 0.8 0.0 -1.1 0.3 0.6 0.3 -0.7 -0.0 0.8 21

 22 Asset: Monetary authority -463.7 -95.7 0.8 0.0 -1.1 0.3 0.6 0.3 -0.7 -0.0 0.8 22

 23 Federal Reserve float -0.6 0.7 0.8 0.1 -0.4 0.0 0.4 0.5 -0.4 -0.5 0.6 23

 24 Loans -463.1 -96.4 -0.0 -0.1 -0.8 0.3 0.2 -0.2 -0.2 0.4 0.2 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) -53.5 -78.4 -309.3 -87.8 101.6 -113.3 -38.2 -301.5 220.4 201.6 133.9 25

 26 Due to foreign affiliates -50.2 21.5 -222.2 -199.0 -172.0 -178.1 -105.5 -340.2 48.1 22.1 47.7 26

 27 - Due from foreign affiliates 3.4 99.9 87.1 -111.1 -273.6 -64.9 -67.4 -38.8 -172.3 -179.5 -86.2 27

 28 Foreign banking offices in U.S. (net) -149.6 37.0 512.1 -51.6 25.0 190.4 -222.0 -200.0 157.0 937.8 -317.5 28

 29 Due to foreign affiliates -25.6 53.8 296.7 -90.0 -156.2 16.1 -49.3 -170.4 52.3 788.2 -417.5 29

 30 - Due from foreign affiliates 124.0 16.8 -215.4 -38.3 -181.2 -174.3 172.7 29.6 -104.8 -149.5 -100.1 30

 31 Less: Deposits at foreign banks -9.6 13.6 -12.4 -2.6 -6.7 -2.1 -8.9 7.3 -1.8 1.3 -8.8 31

 32 U.S.-chartered depository institutions -15.3 6.9 -4.0 -3.3 -12.5 3.0 -7.8 4.2 1.8 2.6 -3.3 32

 33 Foreign banking offices in U.S. 5.7 6.6 -8.4 0.7 5.8 -5.0 -1.1 3.1 -3.6 -1.3 -5.5 33

 34 Plus: Loans from foreign banks -8.4 -6.8 -1.3 0.8 19.9 -8.4 -0.5 -7.7 2.7 -3.9 13.9 34

 35 U.S.-chartered depository institutions -2.0 -3.4 0.4 -0.2 5.9 -3.8 2.3 -5.4 1.0 2.5 1.0 35

 36 Foreign banking offices in U.S. -6.4 -3.4 -1.7 1.1 14.0 -4.6 -2.8 -2.3 1.7 -6.4 12.9 36

 37 Asset: Rest of the world (1) -201.9 -61.8 213.9 -136.0 153.1 70.8 -251.7 -516.4 382.0 1134.2 -160.8 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) 16.8 -26.3 38.1 -24.6 67.4 15.6 -141.7 -39.6 199.8 30.1 -115.5 38

 39 Due to (3): 0.6 -20.8 24.4 25.2 51.5 33.3 76.4 -60.3 207.5 -10.6 -89.5 39

 40 Foreign banking offices in U.S. -21.6 -1.3 -2.0 5.6 9.9 2.0 12.9 -2.3 -45.6 8.7 89.6 40

 41 Banks in U.S.-affiliated areas 1.0 -0.9 1.2 0.4 -0.5 0.6 2.9 -1.5 -1.3 2.7 -1.1 41

 42 Credit unions 10.9 -42.2 23.7 7.3 -68.6 51.4 41.5 5.1 -42.9 -2.0 13.4 42

 43 - Due from: Foreign banking offices in U.S. -16.2 5.4 -13.7 49.8 -16.0 17.7 218.1 -20.7 7.7 -40.7 26.1 43

 44 Unallocated (2) 10.3 23.5 1.5 11.9 110.8 -20.6 19.1 -61.6 297.3 -20.0 -191.5 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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F.204 Checkable Deposits and Currency

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities -7.9 266.3 234.5 268.5 -73.9 301.1 223.1 623.6 299.1 70.2 173.1 1

 2 Monetary authority -117.6 185.0 -122.1 62.1 -175.7 244.8 47.8 131.6 -16.8 313.7 -109.2 2

 3 Federal government cash and deposits -173.8 149.0 -255.0 7.0 -167.7 195.2 -24.1 24.5 -52.3 226.5 -185.9 3

 4 Due to government-sponsored enterprises 14.0 -21.6 51.1 -37.4 -111.0 -27.7 -29.2 18.3 -28.1 -2.7 18.3 4

 5 Deposits due to foreign 1.0 0.9 -3.2 6.3 0.0 5.8 16.2 3.2 11.0 3.3 -4.3 5

 6 Currency outside banks 41.2 56.7 85.0 86.2 102.9 71.5 84.9 85.7 52.6 86.6 62.8 6

 7 U.S.-chartered depository institutions 94.0 69.6 319.4 176.9 62.4 32.6 163.9 448.7 264.9 -287.8 244.7 7

 8 Federal government deposits 0.3 -0.1 -2.7 0.3 -0.1 0.8 -0.2 0.7 -0.7 0.3 0.5 8

 9 Deposits due to foreign -28.7 -3.8 25.6 -4.2 -13.5 -4.5 4.6 -3.4 -22.8 -22.5 36.8 9

 10 Private domestic deposits 122.4 73.5 296.5 180.8 76.0 36.4 159.5 451.4 288.4 -265.6 207.4 10

 11 Foreign banking offices in U.S. 2.6 5.7 23.7 16.2 -5.1 18.4 19.9 31.7 7.5 39.0 33.2 11

 12 Deposits due to foreign 5.8 4.1 4.4 8.9 -0.3 7.5 7.4 21.2 2.5 14.9 6.5 12

 13 Private domestic deposits -3.2 1.7 19.3 7.3 -4.9 10.9 12.5 10.5 5.0 24.1 26.7 13

 14 Banks in U.S.-affiliated areas 1.4 0.5 2.8 2.5 0.7 11.0 -5.5 3.9 0.8 16.8 5.7 14

 15 Credit unions 11.6 5.5 10.7 10.7 43.9 -5.7 -3.1 7.8 42.6 -11.5 -1.3 15

 16 Net change in assets -7.9 266.3 234.5 268.5 -73.9 301.1 223.1 623.6 299.1 70.2 173.1 16

 17 Household sector 105.7 35.9 329.0 84.5 72.2 -58.9 29.8 295.0 149.7 -143.3 -33.3 17

 18 Nonfinancial business 85.6 76.8 27.1 105.9 62.3 147.3 137.2 76.7 167.5 -23.7 219.8 18

 19 Corporate 70.7 79.7 29.7 92.1 51.9 135.6 124.4 56.4 150.0 -45.7 197.7 19

 20 Noncorporate 14.9 -2.8 -2.6 13.8 10.4 11.8 12.8 20.4 17.5 22.0 22.1 20

 21 State and local governments 19.2 5.6 16.6 -8.9 -7.8 -7.4 -7.6 -12.9 13.8 -10.4 28.6 21

 22 Federal government -174.2 148.9 -257.6 6.7 -121.9 97.2 -28.1 79.4 -8.6 130.6 -189.1 22

 23 Rest of the world -9.2 29.5 81.8 68.2 58.5 37.2 92.8 84.2 10.6 33.6 89.6 23

 24 Checkable deposits -21.8 1.2 26.8 11.0 -13.8 8.8 28.1 21.0 -9.3 -4.3 39.0 24

 25 Currency 12.6 28.3 55.0 57.1 72.2 28.5 64.6 63.2 19.8 37.9 50.7 25

 26 Financial sectors -34.7 -29.3 36.8 10.9 -90.9 -12.9 -4.8 152.2 16.0 -15.2 52.0 26

 27 Property-casualty insurance companies -0.3 5.0 -8.5 12.3 20.2 0.5 14.6 13.9 -18.8 -4.6 -0.1 27

 28 Life insurance companies -32.1 1.0 2.0 2.7 -3.4 12.9 -10.2 11.4 2.8 -38.9 31.3 28

 29 Private pension funds -2.9 2.1 5.7 -0.3 -1.0 -1.0 -0.6 1.3 -0.1 1.7 -1.4 29

 30 State and local govt. retirement funds 0.0 0.6 0.4 -0.2 -0.2 -0.2 -0.1 -0.1 -0.1 -1.1 0.5 30

 31 Money market mutual funds 10.5 -3.7 5.8 -3.6 -23.0 -4.2 1.5 11.4 23.4 49.6 -84.6 31

 32 Government-sponsored enterprises 11.1 -36.0 9.3 -20.1 -120.8 41.8 -67.1 65.7 46.1 -49.5 102.5 32

 33 Finance companies 0.5 -1.7 5.1 -3.8 -1.6 -10.7 8.8 -11.8 5.5 -1.3 17.7 33

 34 REITs 7.9 -2.8 2.1 7.5 16.8 -3.2 15.0 1.5 23.4 -11.6 6.0 34

 35 Brokers and dealers -29.4 6.2 14.9 16.3 22.1 -48.7 33.2 58.8 -66.2 40.5 -19.8 35

 36 Mail float -0.3 -1.1 0.8 1.3 -46.2 98.6 3.8 -51.0 -49.8 98.6 5.5 36
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F.205 Time and Savings Deposits

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 343.7 115.6 404.1 520.4 306.1 477.2 435.8 862.7 124.3 417.8 822.0 1

 2 Small time and savings deposits 517.2 298.3 577.4 539.7 418.9 473.8 529.6 736.4 130.8 371.4 598.0 2

 3 U.S.-chartered depository institutions 472.3 271.7 537.1 491.6 357.5 405.0 498.6 705.2 107.7 308.8 517.9 3

 4 Foreign banking offices in U.S. 4.4 5.8 13.2 13.8 36.0 16.8 1.2 1.2 20.7 10.8 61.4 4

 5 Banks in U.S.-affiliated areas -2.9 -5.2 -0.4 -0.1 -0.8 3.4 -4.1 1.2 1.2 5.9 4.2 5

 6 Credit unions 43.4 26.1 27.4 34.4 26.1 48.5 34.0 28.9 1.3 45.9 14.4 6

 7 Large time deposits (1) -173.6 -182.7 -173.3 -19.2 -112.8 3.4 -93.8 126.3 -6.4 46.4 223.9 7

 8 U.S.-chartered depository institutions -335.7 -133.8 -13.2 -9.1 -5.7 86.6 -87.9 -29.2 -78.4 34.0 -14.0 8

 9 Foreign banking offices in U.S. 148.0 -46.5 -163.1 -16.2 -113.5 -88.9 -8.1 145.5 64.1 6.5 225.5 9

 10 Banks in U.S.-affiliated areas -2.9 -5.2 -0.4 -0.1 -0.8 3.4 -4.1 1.2 1.2 5.9 4.2 10

 11 Credit unions 17.0 2.8 3.4 6.2 7.2 2.4 6.4 8.8 6.7 0.0 8.1 11

 12 Net change in assets 343.7 115.6 404.1 520.4 306.1 477.2 435.8 862.7 124.3 417.8 822.0 12

 13 Household sector 106.0 159.0 372.0 421.6 433.3 453.0 139.1 661.1 107.3 213.5 269.4 13

 14 Nonfinancial business 172.1 62.8 16.9 29.3 45.7 -16.2 39.6 48.1 40.1 72.3 134.4 14

 15 Corporate 176.9 59.9 13.2 24.8 43.5 -19.3 35.9 39.1 33.0 62.1 124.1 15

 16 Noncorporate -4.8 2.9 3.7 4.5 2.2 3.1 3.7 9.0 7.0 10.2 10.3 16

 17 State and local governments 9.3 -6.9 14.4 20.3 10.3 29.0 37.4 4.5 13.2 53.6 10.7 17

 18 Federal government 0.3 0.1 -0.3 0.2 0.8 0.8 -0.4 -0.4 -1.3 0.5 0.3 18

 19 Rest of the world -73.2 9.0 47.2 36.8 -42.9 36.8 66.6 87.0 -2.3 -1.4 108.7 19

 20 Financial sectors 129.2 -108.4 -46.2 12.2 -141.1 -26.0 153.4 62.5 -32.7 79.3 298.4 20

 21 Private pension funds 2.8 -0.9 1.4 -1.8 -3.6 -0.9 -1.1 -1.7 -0.1 -1.6 -0.5 21

 22 State and local govt. retirement funds 1.6 6.4 3.6 -1.3 -1.4 -2.1 -0.9 -0.8 -0.5 -9.2 4.3 22

 23 Money market mutual funds 169.9 -107.7 -56.3 32.8 -118.5 -19.4 152.6 116.4 -32.2 81.4 233.2 23

 24 Government-sponsored enterprises -42.8 0.3 -12.7 -9.1 -9.2 -5.2 -24.2 2.2 -2.7 4.8 10.8 24

 25 Finance companies 1.6 -5.2 15.4 -11.5 -4.8 -32.1 26.5 -35.4 16.4 -3.9 53.1 25

 26 Holding companies -3.9 -1.3 2.4 3.1 -3.5 33.7 0.5 -18.2 -13.6 7.9 -2.5 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; quarterly figures are seasonally adjusted annual rates

 1 Net issues -498.7 -503.2 -112.8 7.1 -190.9 -148.9 55.3 312.8 -135.0 77.2 270.2 1

 2 Net purchases -498.7 -503.2 -112.8 7.1 -190.9 -148.9 55.3 312.8 -135.0 77.2 270.2 2

 3 Household sector -268.6 -183.5 40.7 -3.1 15.4 -8.0 -18.0 -2.0 60.2 95.3 56.2 3

 4 Nonfinancial corporate business -71.4 -157.7 -35.4 -4.1 -68.9 -46.7 27.9 71.3 -38.6 -45.7 76.6 4

 5 Nonfinancial noncorporate business -1.7 3.1 0.8 1.0 0.5 0.7 0.8 1.9 1.5 2.2 2.2 5

 6 State and local governments 9.8 13.7 -0.1 -7.5 -7.9 0.4 -5.7 -16.9 4.5 6.5 -10.5 6

 7 Rest of the world 7.2 -7.1 -50.8 36.8 48.5 63.8 15.9 19.2 9.6 2.2 -0.8 7

 8 Property-casualty insurance companies -3.2 -4.0 -5.6 3.8 3.5 3.7 3.8 4.0 -4.3 -8.8 5.9 8

 9 Life insurance companies -5.5 -12.7 7.9 -1.4 -14.3 12.4 -2.4 -1.1 2.1 -31.6 14.7 9

 10 Private pension funds -8.8 -10.1 16.8 -4.1 -7.1 -2.2 -2.7 -4.3 0.2 -3.5 -6.6 10

 11 State and local govt. retirement funds -2.8 3.1 2.0 -1.6 -1.7 -2.5 -1.0 -1.0 -0.6 -11.0 5.2 11

 12 Funding corporations -153.7 -148.1 -89.1 -12.7 -158.9 -170.4 36.6 241.8 -169.6 71.7 127.3 12
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F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 290.4 4.5 -64.4 17.1 233.3 -140.3 -102.2 77.5 -87.9 -507.1 74.1 1

 2 Rest of the world 55.7 200.3 71.6 39.7 14.9 27.6 -2.4 118.7 -70.5 -159.8 10.0 2

 3 Monetary authority -10.6 -18.0 40.2 7.3 -12.9 -44.8 29.1 57.8 -6.9 -41.2 249.0 3

 4 Private depository institutions (net) 294.2 -140.5 -80.3 -120.2 -157.8 -84.9 -116.2 -121.7 -101.9 -182.4 34.3 4

 5 U.S.-chartered depository institutions (net) 256.0 -195.2 -112.7 -142.6 -203.5 -82.2 -109.6 -175.1 -134.6 -96.5 -49.2 5

 6 Foreign banking offices in U.S. (net) 40.6 54.6 48.3 16.2 57.4 -29.5 -20.9 57.7 -12.1 -82.3 87.1 6

 7 Credit unions (net) -2.4 0.1 -15.9 6.2 -11.8 26.8 14.3 -4.3 44.9 -3.6 -3.5 7

 8 Property-casualty insurance companies -1.7 0.8 -1.1 0.4 0.3 0.0 0.7 0.7 1.1 1.3 1.5 8

 9 Life insurance companies -0.5 -2.2 0.1 3.1 1.6 3.6 4.0 3.4 0.5 0.6 -1.8 9

 10 Government-sponsored enterprises -0.1 0.1 -0.9 -0.4 -1.6 0.6 -0.6 0.0 0.9 -0.8 -0.1 10

 11 REITs 11.1 30.0 94.9 103.4 173.4 81.7 163.2 -4.8 7.5 -49.1 -84.5 11

 12 Brokers and dealers (net) -57.5 -66.2 -189.4 -15.1 215.9 -123.8 -180.5 27.9 81.6 -75.6 -134.3 12

 13 Holding companies -0.2 0.2 0.4 -1.2 -0.4 -0.3 0.5 -4.5 -0.1 -0.0 0.0 13

 14 Net change in assets -130.3 83.6 58.1 91.2 -81.0 99.7 239.8 106.4 368.0 -365.4 134.3 14

 15 Nonfinancial corporate business 0.7 4.3 0.4 -2.2 5.4 -0.3 -10.6 -3.5 -1.6 -1.0 6.5 15

 16 State and local governments -4.2 -1.4 -6.5 -5.9 -6.2 0.3 -4.5 -13.3 3.6 5.2 -8.3 16

 17 Rest of the world -42.7 74.2 123.3 2.6 -120.8 -120.7 93.0 158.8 221.8 -117.4 10.6 17

 18 Monetary authority -80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Property-casualty insurance companies 0.1 -0.7 -2.1 0.1 0.1 0.1 0.1 0.1 -0.4 -0.7 0.5 19

 20 Life insurance companies 2.2 0.7 -0.8 -1.6 -10.1 4.1 -0.3 0.1 0.9 -13.2 4.0 20

 21 Private pension funds 0.2 -0.2 0.0 -0.1 -0.2 -0.1 0.7 -1.0 -0.0 -0.1 -0.1 21

 22 State and local govt. retirement funds -0.1 0.4 0.2 -0.1 -0.1 -0.2 -0.1 -0.1 -0.0 -0.9 0.4 22

 23 Money market mutual funds -62.4 -0.6 11.1 54.2 115.6 42.4 -91.9 150.6 -206.7 -135.0 88.0 23

 24 Mutual funds 28.6 -15.8 -28.8 54.1 157.1 46.9 108.5 -96.2 180.8 81.1 92.5 24

 25 Government-sponsored enterprises 7.5 20.7 -38.9 38.6 -20.4 126.9 144.3 -96.5 171.1 -169.3 -71.4 25

 26 Holding companies 19.8 2.1 0.2 -48.3 -201.3 0.2 0.6 7.4 -0.9 -14.1 11.6 26

 27 Funding corporations 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 0.0 0.0 27

 28 Discrepancy--unallocated assets 420.7 -79.1 -122.5 -74.2 314.3 -240.0 -342.0 -28.9 -455.9 -141.7 -60.2 28
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F.208 Open Market Paper

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total net issues, all types -461.8 -80.4 -88.3 -16.9 -4.6 -79.3 -22.5 38.8 126.0 -24.5 -64.0 1

 2 Commercial paper -461.9 -79.9 -88.2 -16.8 -4.4 -79.2 -22.4 38.8 126.0 -24.5 -64.0 2

 3 Nonfinancial corporate business -73.1 24.5 33.4 14.0 -7.9 29.0 -35.5 70.5 21.2 -19.0 92.7 3

 4 Foreign issues in U.S. 59.4 -2.7 -53.5 27.9 32.9 -54.2 78.4 54.5 117.2 10.2 -24.4 4

 5 Nonfinancial -15.2 -3.8 -0.5 10.3 -26.4 -1.8 34.9 34.3 -44.5 37.4 41.3 5

 6 Financial 74.5 1.1 -53.0 17.6 59.3 -52.4 43.5 20.1 161.7 -27.2 -65.7 6

 7 Financial sectors -448.2 -101.7 -68.1 -58.7 -29.4 -54.0 -65.3 -86.1 -12.4 -15.7 -132.3 7

 8 U.S.-chartered depository institutions 0.0 -19.7 7.7 -33.1 -65.0 -9.0 -45.3 -13.0 -52.3 -41.1 -27.2 8

 9 ABS issuers -266.2 -40.3 -24.1 -9.0 19.9 -37.7 14.5 -32.9 11.1 -13.4 -13.3 9

 10 Finance companies -38.8 1.7 10.0 8.2 7.7 11.3 12.1 1.5 -32.6 5.8 31.6 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies -18.1 3.9 11.1 6.2 -16.2 -0.7 31.9 9.5 5.2 -28.7 -4.8 12

 13 Funding corporations -125.1 -47.4 -72.7 -30.9 24.1 -18.0 -78.5 -51.3 56.1 61.7 -118.5 13

 14 Bankers’ acceptances (1) 0.1 -0.5 -0.1 -0.1 -0.1 -0.0 -0.1 0.0 0.0 -0.0 -0.0 14

 15 U.S.-chartered depository institutions 0.1 -0.5 -0.1 -0.1 -0.1 -0.0 -0.1 0.0 0.0 -0.0 -0.0 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Net purchases, by sector -461.8 -80.4 -88.3 -16.9 -4.6 -79.3 -22.5 38.8 126.0 -24.5 -64.0 17

 18 Household sector 16.7 -1.5 -1.8 -0.3 2.0 -2.6 -0.4 -0.4 3.9 -18.4 -12.4 18

 19 Nonfinancial corporate business -1.3 12.0 -0.1 -7.5 -22.2 -8.0 15.6 -15.5 0.3 -26.0 7.0 19

 20 State and local governments -39.0 13.0 -10.8 -4.6 -4.8 0.3 -3.4 -10.3 2.7 4.0 -6.4 20

 21 Rest of the world -41.4 -0.5 0.7 3.4 46.2 -57.5 5.2 19.9 35.0 -17.3 -49.0 21

 22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 U.S.-chartered depository institutions (1) -15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Property-casualty insurance companies -9.3 -1.9 0.9 -1.3 -1.4 -1.3 -1.3 -1.2 0.2 -2.9 2.0 26

 27 Life insurance companies 11.5 -8.9 -11.2 13.9 0.9 12.8 7.2 34.5 -20.6 -10.5 3.8 27

 28 Private pension funds 1.0 -2.7 2.1 -2.5 -0.5 1.2 -8.0 -2.6 1.9 -2.8 -6.4 28

 29 State and local govt. retirement funds 1.0 6.3 3.6 -1.4 -1.6 -2.3 -0.9 -0.9 -0.6 -10.1 4.7 29

 30 Money market mutual funds -108.0 -116.3 -40.0 -13.3 14.8 -0.6 -59.1 -8.5 51.0 135.5 -30.8 30

 31 Mutual funds 28.6 -13.9 -26.3 27.5 42.4 54.7 41.8 -28.7 -57.5 32.6 59.6 31

 32 Government-sponsored enterprises 3.0 0.2 -3.4 -3.1 -5.2 2.2 -6.3 -3.0 3.1 0.5 3.0 32

 33 Brokers and dealers -24.2 -5.3 5.9 -12.2 6.3 -36.1 -5.9 -13.1 0.1 -2.2 6.2 33

 34 Funding corporations -284.8 39.3 -7.8 -15.5 -81.4 -42.1 -7.0 68.5 106.4 -106.9 -45.3 34

(1) Excludes banks’ holdings of own acceptances.
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F.209 Treasury Securities

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net issues 1443.7 1579.6 1066.8 1140.6 1414.6 1185.5 788.0 1174.1 1169.7 298.5 173.6 1

 2 Savings bonds -2.8 -3.3 -2.7 -2.8 -1.4 -2.1 -2.5 -5.0 -2.5 -3.7 -3.3 2

 3 Treasury bills -73.3 -19.0 -249.5 107.0 612.6 -312.7 74.4 53.8 646.7 -880.3 -160.7 3

 4 Other Treasury securities 1519.8 1601.8 1319.0 1036.3 803.4 1500.3 716.1 1125.3 525.5 1182.6 337.5 4

 5 Net purchases 1443.7 1579.6 1066.8 1140.6 1414.6 1185.5 788.0 1174.1 1169.7 298.5 173.6 5

 6 Household sector 536.3 324.2 -222.4 229.2 24.0 620.2 38.0 234.7 -85.8 -117.2 -589.5 6

 7 Savings bonds -2.8 -3.3 -2.7 -2.8 -1.4 -2.1 -2.5 -5.0 -2.5 -3.7 -3.3 7

 8 Bills and other Treasury securities 539.1 327.5 -219.7 232.0 25.5 622.3 40.5 239.7 -83.3 -113.5 -586.2 8

 9 Nonfinancial corporate business 12.5 5.1 -5.1 7.2 -5.8 40.0 17.8 -23.1 -34.6 17.2 20.6 9

 10 Nonfinancial noncorporate business -5.7 1.9 0.5 0.6 0.3 0.4 0.5 1.2 1.0 1.4 1.4 10

 11 State and local governments -17.4 6.8 -45.5 -9.3 -17.6 33.2 -3.4 -49.3 -4.8 0.8 -125.5 11

 12 Rest of the world 554.4 740.4 357.9 589.5 693.6 505.8 600.3 558.4 531.6 88.6 225.3 12

 13 Treasury bills -7.6 -40.2 -62.6 14.0 -20.3 17.1 98.9 -39.8 281.9 -173.6 -221.6 13

 14 Other Treasury securities 562.0 780.5 420.5 575.6 714.0 488.7 501.3 598.2 249.7 262.2 446.9 14

 15 Monetary authority 300.7 244.9 642.0 2.7 46.3 -18.6 -78.8 61.8 575.2 548.5 522.5 15

 16 Treasury bills 0.0 0.0 0.0 -18.4 0.0 0.0 -73.7 0.0 0.0 0.0 0.0 16

 17 Other Treasury securities 300.7 244.9 642.0 21.1 46.3 -18.6 -5.1 61.8 575.2 548.5 522.5 17

 18 U.S.-chartered depository institutions 68.1 93.0 -43.7 69.3 27.6 142.4 -7.9 115.2 -80.9 -100.3 -97.8 18

 19 Foreign banking offices in U.S. 22.0 3.5 -0.5 16.1 44.5 -42.6 65.3 -2.7 11.8 -50.5 9.4 19

 20 Banks in U.S.-affiliated areas -0.7 0.6 -0.0 -0.6 -0.7 1.9 -1.5 -2.1 -0.1 0.1 0.8 20

 21 Credit unions 5.4 5.9 -2.5 1.7 11.0 -1.7 4.0 -6.5 -0.4 3.5 -0.3 21

 22 Property-casualty insurance companies 22.9 3.2 4.6 -6.1 -7.3 -6.9 -5.7 -4.6 -0.0 -4.8 5.1 22

 23 Treasury bills 5.0 -0.3 1.9 -2.6 -2.7 -2.6 -2.5 -2.4 -1.8 -5.6 3.8 23

 24 Other Treasury securities 18.0 3.5 2.7 -3.6 -4.6 -4.3 -3.2 -2.2 1.8 0.8 1.3 24

 25 Life insurance companies 27.7 23.2 18.8 4.2 6.2 -4.7 9.6 5.6 -6.5 -3.1 -10.1 25

 26 Treasury bills -6.3 -3.6 3.8 -4.5 -10.9 1.4 -4.7 -3.8 0.0 -10.3 5.1 26

 27 Other Treasury securities 34.0 26.8 15.0 8.7 17.1 -6.1 14.2 9.4 -6.5 7.2 -15.2 27

 28 Private pension funds 35.0 33.2 27.8 47.7 76.8 33.1 47.3 33.6 60.0 50.0 29.1 28

 29 State and local govt. retirement funds 22.0 8.0 13.4 41.2 64.2 25.2 32.5 42.9 45.5 0.3 30.5 29

 30 Federal government retirement funds 7.4 10.0 17.9 12.3 2.5 13.1 10.1 23.5 -4.2 5.2 27.1 30

 31 Money market mutual funds -171.3 -71.0 107.9 14.5 138.0 -57.2 65.2 -88.2 55.4 -18.6 89.7 31

 32 Treasury bills -160.2 -84.0 29.1 19.1 85.4 -127.7 28.8 90.0 -43.3 -145.0 206.5 32

 33 Other Treasury securities -11.0 13.0 78.8 -4.7 52.5 70.5 36.4 -178.1 98.7 126.4 -116.8 33

 34 Mutual funds 71.8 119.1 81.7 122.6 180.4 105.0 14.4 190.5 234.7 -40.3 -41.9 34

 35 Closed-end funds 1.2 0.7 -0.3 0.3 1.1 -0.5 0.8 -0.1 2.1 0.5 -0.2 35

 36 Exchange-traded funds 14.7 9.2 11.4 1.2 -1.7 21.1 -18.1 3.4 -2.9 4.8 -0.7 36

 37 Government-sponsored enterprises 19.9 45.9 17.6 -31.2 18.9 -111.9 -18.7 -13.1 22.3 3.6 28.5 37

 38 ABS issuers -18.3 -13.8 -10.9 -5.8 -13.1 -4.4 -6.6 0.8 -11.3 2.6 -10.6 38

 39 Brokers and dealers -67.6 -28.5 89.1 63.0 115.5 12.6 18.3 105.4 -144.7 -134.9 68.6 39

 40 Holding companies 2.7 13.8 7.1 -29.8 9.6 -120.1 4.5 -13.2 6.4 41.1 -8.4 40

 Memo:

 41 Federal government borrowing (1) 1443.9 1580.2 1067.9 1140.2 1411.2 1185.7 787.7 1176.1 1168.7 299.9 174.1 41

(1) Total issues of Treasury securities (line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
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F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net issues -59.9 -46.2 -20.8 -22.8 -143.8 -8.4 -7.9 68.9 181.0 227.0 199.0 1

 2 Budget agencies 0.1 0.7 1.1 -0.4 -3.3 0.1 -0.3 1.9 -1.0 1.3 0.5 2

 3 Government-sponsored enterprises -475.3 -233.8 -187.2 -154.6 -274.9 -155.0 -113.2 -75.4 43.1 136.7 40.2 3

 4 Agency- and GSE-backed mortgage pools 415.3 186.9 165.3 132.2 134.5 146.5 105.6 142.4 138.8 88.9 158.3 4

 5 Net purchases -59.9 -46.2 -20.8 -22.8 -143.8 -8.4 -7.9 68.9 181.0 227.0 199.0 5

 6 Household sector -673.4 -6.0 11.2 -122.4 -340.9 18.6 -218.6 51.1 -325.2 -119.8 -81.3 6

 7 Nonfinancial corporate business 4.2 1.7 -1.7 -2.6 -1.9 3.3 5.9 -17.7 -31.5 5.7 6.9 7

 8 State and local governments 9.8 22.5 -12.7 -25.0 -26.3 1.4 -18.9 -56.4 15.0 21.8 -35.1 8

 9 Federal government 142.0 -47.2 -118.1 -31.1 -118.5 -5.8 0.0 0.0 0.0 0.0 0.0 9

 10 Rest of the world -226.0 -72.3 -41.6 -71.8 -4.8 -184.6 26.8 -124.6 -167.4 -118.5 31.8 10

 11 Monetary authority 1048.5 71.4 -197.9 61.8 -33.6 52.9 -112.4 340.2 559.7 535.8 501.7 11

 12 U.S.-chartered depository institutions 168.0 110.1 106.9 35.5 260.2 -123.2 17.2 -12.0 163.5 60.6 -101.8 12

 13 Foreign banking offices in U.S. -19.3 -4.8 4.0 1.5 -6.1 12.9 -8.3 7.6 -17.5 -6.4 0.1 13

 14 Banks in U.S.-affiliated areas -3.9 -7.7 -8.0 -2.2 1.2 -1.2 -3.3 -5.5 -0.7 -1.1 -0.9 14

 15 Credit unions 27.8 40.9 30.6 14.9 33.1 17.8 11.0 -2.3 14.5 15.6 2.0 15

 16 Property-casualty insurance companies 1.9 -0.4 6.9 -9.0 -10.7 -10.2 -8.4 -6.8 2.7 1.3 2.0 16

 17 Life insurance companies 5.8 4.0 -1.6 -13.8 -6.5 -32.5 -2.9 -13.1 14.4 0.0 1.7 17

 18 Private pension funds -6.4 6.5 3.3 16.9 33.1 11.2 7.0 16.4 9.1 15.4 15.3 18

 19 State and local govt. retirement funds -3.0 1.8 7.1 33.6 47.9 29.6 23.3 33.7 40.2 0.2 28.4 19

 20 Federal government retirement funds 0.0 0.6 0.7 0.6 2.0 2.4 -2.2 0.4 -2.2 -1.9 -1.9 20

 21 Money market mutual funds -213.1 -140.2 0.9 -60.2 -213.4 0.7 -13.9 -14.1 35.5 33.4 30.8 21

 22 Mutual funds 52.1 80.2 99.0 87.4 68.4 143.0 152.7 -14.4 -2.6 10.4 -59.5 22

 23 Government-sponsored enterprises -27.4 -85.1 -18.1 -48.3 -45.0 -21.2 -74.1 -53.0 -39.9 -32.5 8.6 23

 24 ABS issuers -224.2 -96.0 -3.3 -0.0 9.8 -2.4 -1.9 -5.5 11.8 -3.9 -3.5 24

 25 REITs 15.5 38.2 101.4 111.5 219.0 71.6 232.5 -77.1 -50.9 -71.9 -82.2 25

 26 Brokers and dealers -131.8 38.9 -2.1 21.9 3.7 84.6 -17.2 16.4 -62.8 -112.3 -80.7 26

 27 Holding companies -7.0 -3.2 12.0 -22.1 -14.4 -77.5 -1.9 5.6 15.5 -5.1 16.6 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 borrowing of the federal government, which is shown in table F.209, line 41.
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F.211 Municipal Securities and Loans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 155.3 99.7 -52.8 -4.9 19.2 95.4 -11.8 -122.6 76.5 24.7 -109.7 1

 2 State and local governments 112.2 68.7 -53.6 -5.7 12.7 86.7 -6.1 -116.0 71.7 33.0 -116.9 2

 3 Short-term (1) 7.8 -0.7 -10.6 3.8 0.7 31.6 10.0 -27.2 -4.4 8.6 -19.4 3

 4 Long-term 104.4 69.3 -42.9 -9.4 12.0 55.2 -16.1 -88.8 76.0 24.4 -97.5 4

 5 Nonprofit organizations (2) 5.9 -2.2 -7.8 -14.5 -6.5 -17.5 -15.4 -18.5 -6.5 -14.6 -13.4 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 37.2 33.2 8.5 15.2 13.1 26.2 9.7 11.9 11.3 6.4 20.6 6

 7 Net change in assets 155.3 99.7 -52.8 -4.9 19.2 95.4 -11.8 -122.6 76.5 24.7 -109.7 7

 8 Household sector 107.1 43.7 -64.8 -152.3 -122.9 1.5 -238.6 -249.0 36.9 44.0 -111.0 8

 9 Nonfinancial corporate business 0.9 -3.2 -1.6 12.2 13.1 -11.4 22.2 24.7 -54.8 1.1 30.5 9

 10 Nonfinancial noncorporate business 0.2 0.5 0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.2 0.2 10

 11 State and local governments 1.0 1.4 0.1 -0.6 -0.7 0.0 -0.5 -1.5 0.4 0.6 -0.9 11

 12 Rest of the world 7.7 13.1 -1.4 -2.4 5.0 -6.0 10.4 -19.1 -10.9 -19.8 12.5 12

 13 U.S.-chartered depository institutions 2.4 30.3 42.6 65.8 47.7 83.0 84.7 47.9 53.9 66.2 48.9 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Banks in U.S.-affiliated areas 0.9 -0.9 0.9 -0.8 -0.1 -2.6 0.1 -0.7 0.2 0.2 2.3 15

 16 Credit unions 0.0 0.0 3.2 1.0 5.9 -3.2 -0.2 1.5 4.5 -1.2 1.6 16

 17 Property-casualty insurance companies -12.6 -21.0 -17.4 -3.4 -7.3 -6.5 -2.1 2.3 7.7 3.6 5.7 17

 18 Life insurance companies 26.1 39.2 9.4 9.6 12.5 1.4 14.3 10.0 6.6 -0.0 0.8 18

 19 State and local govt. retirement funds 0.1 0.7 0.9 1.9 1.5 2.7 1.1 2.4 1.2 -5.1 -5.1 19

 20 Money market mutual funds -69.4 -53.4 -29.4 -20.6 -36.9 -38.8 -3.2 -3.7 -65.9 11.1 0.4 20

 21 Mutual funds 89.4 46.7 15.7 86.2 83.1 87.0 107.2 67.4 76.8 -22.5 -81.9 21

 22 Closed-end funds 3.3 0.4 0.9 3.3 2.3 2.2 3.6 5.0 1.9 2.2 -2.5 22

 23 Exchange-traded funds 3.6 1.7 1.0 3.6 4.2 3.3 2.9 4.0 2.9 -1.8 -4.0 23

 24 Government-sponsored enterprises -2.2 -4.2 -3.9 -4.1 -3.4 -3.3 -5.3 -4.4 -2.6 -5.9 -4.1 24

 25 Brokers and dealers -3.3 4.6 -9.1 -4.3 15.1 -14.1 -8.6 -9.6 17.7 -48.1 -3.0 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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F.212 Corporate and Foreign Bonds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net issues -10.9 -76.7 222.9 432.2 413.3 -73.2 497.0 891.8 567.2 292.6 801.0 1

 2 Nonfinancial corporate business 411.7 438.6 410.8 579.6 523.2 426.0 587.1 782.0 578.0 570.8 729.3 2

 3 Rest of the world (1) 163.3 59.9 137.7 62.2 -49.8 -84.9 133.2 250.5 239.8 15.2 85.6 3

 4 Financial sectors -586.0 -575.3 -325.6 -209.6 -60.1 -414.3 -223.3 -140.7 -250.6 -293.4 -13.8 4

 5 U.S.-chartered depository institutions -28.5 6.7 -21.0 1.3 50.4 -50.9 -18.2 23.7 -7.6 -9.8 -19.8 5

 6 ABS issuers (net) (2) -470.8 -457.4 -222.8 -205.5 -249.5 -207.7 -264.2 -100.7 -218.5 -190.5 -131.4 6

 7 Finance companies -87.0 -111.7 -39.4 -81.4 -34.8 -89.9 -10.0 -190.7 -19.9 -14.0 24.4 7

 8 REITs -41.3 -0.1 15.5 26.1 30.0 24.9 18.7 30.6 7.7 25.6 31.0 8

 9 Brokers and dealers -4.2 36.9 -37.9 -1.7 24.8 16.5 -65.2 17.3 -4.2 55.8 -27.8 9

 10 Holding companies 7.8 -46.5 -91.6 16.3 110.1 -124.4 16.7 62.7 -46.0 -138.5 48.3 10

 11 Funding corporations 37.9 -3.2 71.6 35.3 8.9 17.2 98.9 16.3 37.9 -22.2 61.5 11

 12 Net purchases (3) -10.9 -76.7 222.9 432.2 413.3 -73.2 497.0 891.8 567.2 292.6 801.0 12

 13 Household sector 75.1 -319.4 132.1 98.5 168.5 -36.5 -4.3 266.2 -65.6 -2.5 340.0 13

 14 State and local governments 3.3 7.4 -4.0 -8.0 -8.4 0.5 -6.1 -18.1 4.8 7.0 -11.2 14

 15 Federal government 0.6 0.3 -0.1 -0.2 -0.1 -0.0 -0.4 -0.1 -0.2 -0.1 -0.1 15

 16 Rest of the world (4) -127.3 -36.8 -109.9 -16.9 -118.8 -236.2 80.6 206.8 163.4 132.8 127.9 16

 17 MBS and other ABS -168.7 -45.5 -44.8 -36.1 -46.6 -25.3 -49.3 -23.1 -21.6 -39.4 -13.0 17

 18 Other 41.4 8.8 -65.1 19.2 -72.2 -210.8 129.9 229.9 185.0 172.3 140.9 18

 19 U.S.-chartered depository institutions 25.1 -98.2 2.5 -1.4 -79.0 -14.4 56.3 31.5 -15.8 9.9 48.5 19

 20 MBS and other ABS -47.7 -88.1 -24.8 -1.0 -52.0 57.9 -1.7 -8.3 -11.2 -1.9 6.8 20

 21 Other 73.7 -10.7 27.8 -0.1 -26.3 -71.8 57.0 40.5 -3.5 11.5 41.9 21

 22 Foreign banking offices in U.S. -157.8 -9.4 -1.4 -6.2 -72.0 -1.2 30.5 17.8 -74.3 -36.6 1.1 22

 23 Banks in U.S.-affiliated areas 1.5 -1.4 3.6 1.0 0.5 -0.8 2.0 2.4 1.6 -0.2 0.3 23

 24 Credit unions -6.7 -15.7 -0.3 0.3 2.4 0.5 -1.6 0.1 4.6 2.9 0.2 24

 25 MBS and other ABS 0.3 -0.7 -0.3 0.7 2.7 0.8 -1.1 0.5 4.2 2.7 0.4 25

 26 Other -7.0 -15.0 -0.1 -0.4 -0.3 -0.3 -0.5 -0.5 0.4 0.2 -0.2 26

 27 Property-casualty insurance companies 30.8 24.3 40.4 16.7 12.0 13.1 18.2 23.5 9.0 4.2 6.6 27

 28 MBS and other ABS 0.0 0.0 -0.6 2.7 2.7 2.7 2.7 2.7 1.7 1.0 0.6 28

 29 Other 30.8 24.3 41.1 14.0 9.4 10.4 15.4 20.7 7.2 3.2 6.0 29

 30 Life insurance companies 97.6 102.9 87.5 32.9 91.7 -107.0 109.4 37.6 65.7 49.7 27.0 30

 31 MBS and other ABS 0.0 0.0 0.0 -24.3 -30.3 -22.6 -22.3 -22.0 9.6 1.5 2.4 31

 32 Other 97.6 102.9 87.5 57.2 122.0 -84.4 131.7 59.6 56.1 48.3 24.6 32

 33 Private pension funds -14.5 83.4 44.6 -47.8 -63.6 -28.0 -50.0 -49.5 -40.6 6.1 -32.9 33

 34 State and local govt. retirement funds -102.3 5.7 -24.8 -60.1 -62.7 -65.6 -75.1 -37.2 -31.1 -22.2 38.2 34

 35 Federal government retirement funds -0.0 0.2 1.4 1.0 1.1 1.4 1.6 0.0 -2.3 -1.8 -1.9 35

 36 Money market mutual funds -58.1 -15.7 -49.1 -3.0 -8.8 -22.6 -16.9 36.0 4.0 -49.2 -6.4 36

 37 Mutual funds 143.8 122.3 170.3 306.0 306.0 240.5 333.5 344.1 388.7 207.6 356.6 37

 38 Closed-end funds 6.0 4.2 -2.3 7.6 6.7 3.1 10.7 9.8 26.4 23.4 3.5 38

 39 Exchange-traded funds 27.6 18.7 33.6 47.6 62.5 49.3 45.5 32.9 28.2 10.1 22.0 39

 40 Government-sponsored enterprises -48.6 -29.6 -30.8 -50.0 -31.8 -78.7 -33.6 -55.9 -22.9 -45.2 -118.3 40

 41 MBS and other ABS -50.2 -46.5 -32.2 -31.2 -23.3 -42.0 -28.4 -31.0 -22.4 -44.7 -117.8 41

 42 Other 1.6 17.0 1.4 -18.8 -8.5 -36.6 -5.2 -24.9 -0.6 -0.6 -0.5 42

 43 Finance companies 6.3 -19.8 0.9 -6.3 -0.4 8.0 -6.3 -26.5 -2.2 -17.6 -3.8 43

 44 REITs 3.8 5.3 1.3 10.1 13.9 8.0 12.2 6.2 19.7 -2.0 -3.5 44

 45 Brokers and dealers 47.5 35.2 -85.0 35.5 179.1 -74.1 33.9 3.1 31.9 -52.8 13.5 45

 46 Holding companies -8.4 7.3 -20.1 -4.7 -9.6 38.9 -32.2 -15.7 1.6 -2.0 -7.5 46

 47 Funding corporations 43.6 51.9 32.6 79.6 24.0 228.5 -10.8 76.6 72.6 71.1 1.0 47

(1) Net purchases of foreign issues by U.S. residents.

(2) Net issuance less net acquisition of corporate bonds held as assets.

(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
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F.213 Corporate Equities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net issues 317.9 -7.0 -302.2 -148.5 -214.7 -194.3 -49.7 -135.2 274.4 -69.0 -73.8 1

 2 Nonfinancial corporate business -62.1 -277.5 -472.3 -399.7 -291.4 -507.9 -395.6 -404.0 -256.3 -424.1 -369.2 2

 3 Rest of the world (2) 63.7 79.1 6.0 82.6 40.7 176.6 71.5 41.5 295.3 305.3 109.4 3

 4 Financial sectors 316.3 191.3 164.1 168.6 36.0 137.0 274.3 227.3 235.4 49.7 185.9 4

 5 U.S.-chartered depository institutions 11.6 11.9 6.4 2.1 3.5 1.3 1.1 2.3 1.4 0.6 3.3 5

 6 Property-casualty insurance companies -5.3 -12.7 -10.7 -14.5 -18.1 -13.1 -22.2 -4.8 -3.6 -6.4 -8.3 6

 7 Life insurance companies -0.9 -4.8 -11.5 -9.9 -11.5 -11.9 -7.6 -8.6 -6.6 -9.7 -8.5 7

 8 Closed-end funds 7.5 0.5 -2.9 2.5 -30.2 13.2 9.7 17.3 16.9 15.6 -15.9 8

 9 Exchange-traded funds 116.5 118.0 117.6 185.2 212.7 100.2 207.0 221.0 207.7 60.2 214.4 9

 10 REITs 24.2 28.2 37.5 47.6 59.5 31.1 62.7 37.1 64.2 63.1 24.9 10

 11 Government-sponsored enterprises 96.0 38.1 29.2 14.5 23.4 5.8 13.9 14.7 7.8 -10.7 3.3 11

 12 Brokers and dealers -32.4 -11.1 14.1 -50.7 -181.4 25.1 -26.8 -19.9 -45.4 -41.6 0.3 12

 13 Holding companies 68.6 19.8 2.9 0.6 12.7 -14.8 36.5 -31.8 -7.0 -21.4 -27.5 13

 14 Funding corporations (3) 30.5 3.5 -18.4 -8.6 -34.5 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Net purchases 317.9 -7.0 -302.2 -148.5 -214.7 -194.3 -49.7 -135.2 274.4 -69.0 -73.8 15

 16 Household sector -5.7 -186.8 -288.9 -330.9 -320.5 29.5 -391.0 -641.7 92.7 -321.4 -400.4 16

 17 State and local governments -2.3 -0.2 -4.3 -4.3 -4.5 0.2 -3.2 -9.6 2.6 3.7 -6.0 17

 18 Federal government 0.6 24.1 40.3 -13.2 -19.8 -18.1 -9.9 -5.0 -5.2 -2.8 -10.3 18

 19 Rest of the world (4) 154.9 74.6 37.0 35.8 44.4 -287.3 91.3 294.8 10.7 -61.5 47.4 19

 20 Monetary authority 25.1 1.3 -26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 U.S.-chartered depository institutions 6.3 -1.8 1.0 5.1 8.5 3.0 6.1 3.0 -2.7 0.1 -1.4 21

 22 Foreign banking offices in U.S. 0.0 0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 22

 23 Property-casualty insurance companies -2.8 -20.9 2.9 4.6 3.4 10.3 -3.5 8.3 4.9 9.8 -0.8 23

 24 Life insurance companies 33.4 45.6 37.7 15.3 6.4 16.2 20.0 18.5 18.7 65.0 43.1 24

 25 Private pension funds -95.4 25.2 -63.8 9.6 -12.6 19.3 32.9 -1.1 15.8 11.3 1.5 25

 26 State and local govt. retirement funds 20.5 -84.0 -77.4 36.7 46.5 39.6 11.0 49.5 -28.7 -0.3 -129.3 26

 27 Federal government retirement funds 8.8 5.4 -4.2 -4.1 6.5 -3.8 -8.4 -10.8 16.3 9.3 -7.1 27

 28 Mutual funds 86.5 44.3 4.9 -37.0 -92.5 -50.0 2.1 -7.7 61.3 164.7 214.4 28

 29 Closed-end funds -3.0 -4.8 -1.2 -8.7 -40.4 8.4 -5.3 2.7 -13.5 -10.6 -16.6 29

 30 Exchange-traded funds 70.5 88.3 71.6 132.9 147.7 26.4 176.7 180.7 179.6 47.1 197.1 30

 31 Brokers and dealers -4.6 -18.5 -5.0 9.7 12.1 11.8 31.6 -16.8 -78.0 16.5 -5.5 31

 32 Funding corporations 25.1 1.3 -26.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net issues 497.1 370.1 338.4 625.9 586.8 585.4 784.7 546.8 957.8 506.9 529.8 1

 2 Net purchases 497.1 370.1 338.4 625.9 586.8 585.4 784.7 546.8 957.8 506.9 529.8 2

 3 Household sector 334.1 227.7 218.7 401.5 347.3 174.8 710.5 373.2 998.4 496.7 421.1 3

 4 Nonfinancial corporate business 35.3 11.1 -12.8 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 -1.6 4

 5 State and local governments 1.7 2.8 -0.7 -2.2 -2.3 0.1 -1.7 -5.0 1.3 1.9 -3.1 5

 6 Rest of the world 57.2 111.5 147.5 159.4 168.7 338.3 6.4 124.3 -103.1 -13.5 39.9 6

 7 U.S.-chartered depository institutions 14.8 -5.8 -0.8 8.3 -10.3 11.6 11.1 20.7 13.8 2.2 16.6 7

 8 Credit unions -0.7 0.2 0.3 0.4 1.0 -0.1 0.4 0.4 1.1 -0.8 -0.7 8

 9 Property-casualty insurance companies 0.5 -0.1 -0.7 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 9

 10 Life insurance companies 0.0 1.0 1.1 1.3 1.2 1.3 1.3 1.3 1.3 1.4 1.3 10

 11 Private pension funds 56.5 35.1 1.5 52.6 75.3 54.5 55.2 25.5 48.2 29.0 69.8 11

 12 State and local govt. retirement funds -2.3 -13.2 -15.7 4.5 5.7 4.8 1.3 6.1 -3.5 -10.2 -15.4 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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F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities -753.4 -90.4 146.6 184.1 133.8 169.4 161.0 272.1 30.9 206.0 213.2 1

 2 Household sector 33.0 52.4 -53.9 111.5 59.7 210.5 -8.1 184.1 -64.3 36.2 131.6 2

 3 Corporate business -234.0 -83.5 68.9 78.3 82.1 91.4 56.7 83.0 20.0 54.9 56.8 3

 4 Noncorporate business -102.0 -20.3 56.7 87.8 118.4 81.5 62.2 89.0 35.5 60.4 46.5 4

 5 Rest of the world -14.8 24.0 43.2 30.4 21.9 66.5 18.3 15.0 33.3 24.9 41.1 5

 6 Foreign official institutions -0.0 2.1 -1.2 0.8 -1.5 0.3 0.1 4.2 -0.1 -0.4 2.1 6

 7 Foreign banks -5.2 15.6 16.8 0.6 -0.6 24.7 -19.8 -2.1 23.0 17.1 24.8 7

 8 Other foreign -9.6 6.3 27.6 29.1 24.0 41.4 38.0 12.9 10.4 8.2 14.2 8

 9 Financial sectors -435.4 -62.9 31.6 -124.0 -148.3 -280.6 32.0 -99.0 6.4 29.6 -62.7 9

 10 Finance companies -30.4 -64.9 15.9 16.4 -14.5 -5.4 58.0 27.7 3.0 8.2 3.4 10

 11 REITs -12.1 -2.2 3.6 1.2 -13.9 7.6 -3.5 14.8 -12.9 3.9 23.8 11

 12 Brokers and dealers -45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Holding companies 2.3 26.1 64.0 -120.2 -81.6 -235.1 -22.4 -141.4 16.3 17.5 -89.9 13

 14 Funding corporations -349.6 -21.9 -51.9 -21.5 -38.3 -47.6 0.0 0.0 0.0 0.0 0.0 14

 15 Net change in assets -753.4 -90.4 146.6 184.1 133.8 169.4 161.0 272.1 30.9 206.0 213.2 15

 16 Monetary authority (2) -347.6 -44.8 -67.6 -29.9 -46.1 -57.7 -12.2 -3.6 -0.7 -0.5 -0.6 16

 17 U.S.-chartered depository institutions -280.8 -34.6 163.6 216.6 190.1 228.7 170.0 277.8 31.6 143.4 148.0 17

 18 Foreign banking offices in U.S. -126.0 -11.3 42.9 -3.7 -7.4 -1.5 -8.4 2.3 0.0 54.8 62.5 18

 19 Banks in U.S.-affiliated areas -0.3 -3.3 1.1 1.0 0.4 0.3 1.4 1.7 0.3 3.6 0.5 19

 20 Credit unions 1.3 3.5 6.6 0.1 -3.2 -0.4 10.2 -6.1 -0.4 4.7 2.8 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table F.108.
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F.216 Other Loans and Advances

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total other loans and advances -447.0 -226.9 8.6 -8.2 -90.4 59.7 -32.4 30.1 62.3 272.4 -44.8 1

 2 U.S. government loans 66.1 3.6 4.9 2.5 12.2 8.5 -8.0 -2.5 9.3 5.4 5.9 2

 3 Liab.: Household sector -0.2 -1.0 -0.5 -0.1 -1.1 0.4 0.1 0.1 0.6 2.5 0.3 3

 4 Nonfinancial corporate business 59.6 -4.3 -0.5 5.2 6.3 6.4 3.7 4.5 2.9 0.7 1.2 4

 5 Nonfinancial noncorporate business 3.6 0.6 2.9 0.6 0.2 2.4 0.2 -0.3 2.1 1.4 0.3 5

 6 State and local governments 0.8 0.9 0.9 0.4 0.5 1.1 -0.4 0.5 1.3 -0.2 -0.1 6

 7 Rest of the world 0.3 0.2 1.4 3.2 7.6 0.4 -0.2 5.1 5.5 1.3 4.1 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 2.0 7.2 0.7 -6.8 -1.4 -2.2 -11.3 -12.5 -3.0 -0.4 0.0 10

 11 Foreign loans to U.S. corporate business -44.0 -20.2 33.9 -49.9 -75.2 -40.0 -20.8 -63.7 15.0 13.9 -60.1 11

 12 Liab.: Nonfinancial corporate business -44.0 -20.2 33.9 -49.9 -75.2 -40.0 -20.8 -63.7 15.0 13.9 -60.1 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 0.0 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans -3.2 4.3 4.0 16.7 78.5 0.5 1.5 -13.6 2.6 19.0 -40.9 17

 18 Liab.: Nonfinancial corporate business -3.2 4.3 4.0 14.3 78.5 -3.4 1.1 -19.0 8.5 20.0 -39.3 18

 19 Rest of the world 0.0 0.0 0.0 2.4 0.0 3.9 0.4 5.5 -5.9 -1.0 -1.5 19

 20 Policy loans (Household liability) 0.7 3.4 2.4 1.4 -0.2 -1.0 2.5 4.1 -0.1 1.1 1.6 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 -0.0 21

 22 Life insurance companies 0.7 3.4 2.5 1.4 -0.1 -1.0 2.6 4.1 -0.1 1.2 1.6 22

 23 Govt.-sponsored enterprises loans (1) -284.8 -144.7 -64.2 18.6 -21.9 74.1 4.4 17.9 28.9 141.9 63.4 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) -0.4 1.6 -0.9 0.7 3.8 -0.5 0.8 -1.4 0.9 -0.7 -1.1 25

 26 Nonfinancial noncorporate business (FCS) 0.2 5.6 -2.6 7.6 -6.3 18.7 12.1 6.0 -20.6 15.9 2.5 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) -263.9 -148.3 -60.5 4.6 -21.0 36.9 -10.9 13.5 54.9 115.3 52.5 27

 28 Credit unions (FHLB) -14.1 -0.4 -2.0 0.9 -5.1 3.3 2.6 2.8 -11.4 4.9 12.5 28

 29 Life insurance companies (FHLB) -6.6 -3.2 1.8 4.8 6.6 15.7 -0.2 -3.0 5.2 6.5 -2.9 29

 30 Securitized loans held by ABS issuers -23.7 -4.9 -3.9 1.7 0.0 -0.0 12.8 -5.9 8.5 1.8 -2.0 30

 31 Liab.: Nonfinancial corporate business -23.7 -4.9 -3.9 1.7 0.0 -0.0 12.8 -5.9 8.5 1.8 -2.0 31

 32 Finance company loans to business -91.0 -15.2 6.7 14.2 10.1 19.8 5.8 21.1 24.8 8.7 7.3 32

 33 Liab.: Nonfinancial corporate business -81.9 -13.7 6.0 12.8 9.1 17.8 5.2 19.0 22.3 7.8 6.6 33

 34 Nonfinancial noncorporate business -9.1 -1.5 0.7 1.4 1.0 2.0 0.6 2.1 2.5 0.9 0.7 34

 35 Loans to nonfinancial corporate business (2) -67.1 -53.3 24.9 -13.5 -94.0 -2.0 -30.6 72.6 -26.9 80.6 -20.0 35

 36 Asset: Household sector -5.3 -0.6 -2.8 -2.5 12.6 -13.3 -0.5 -8.7 7.1 5.4 5.0 36

 37 Life insurance companies -13.3 -3.7 5.4 0.4 -7.8 5.1 2.2 2.1 -3.3 4.2 1.0 37

 38 Mutual funds 1.3 -0.8 18.9 12.2 2.9 20.1 5.6 20.3 30.8 69.9 -10.0 38

 39 ABS issuers -27.4 -34.0 -1.5 -2.3 18.2 -19.8 -32.1 24.3 -52.1 -14.6 -5.0 39

 40 Brokers and dealers -12.7 -12.7 6.9 -14.8 -94.9 8.9 -3.8 30.6 -9.5 20.2 -10.0 40

 41 Funding corporations -9.8 -1.5 -2.0 -6.5 -25.0 -3.0 -2.1 4.1 0.1 -4.4 -1.0 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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F.217 Total Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in mortgages -292.9 -543.2 -322.0 -259.3 -450.0 -244.9 -352.4 10.3 -230.8 7.8 223.5 1

 2 Home -214.0 -384.6 -255.1 -248.1 -354.1 -217.7 -327.1 -93.3 -207.8 -98.8 93.5 2

 3 Multifamily residential 6.5 -4.9 5.7 24.3 -6.6 26.8 32.5 44.5 18.7 45.2 45.2 3

 4 Commercial -96.8 -161.8 -85.6 -41.3 -95.1 -59.8 -63.6 53.3 -47.7 55.3 78.8 4

 5 Farm 11.3 8.1 13.1 5.8 5.8 5.8 5.8 5.8 6.0 6.0 6.0 5

 6 Net borrowing -292.9 -543.2 -322.0 -259.3 -450.0 -244.9 -352.4 10.3 -230.8 7.8 223.5 6

 7 Household sector -166.9 -407.5 -235.6 -239.1 -342.4 -213.0 -318.1 -82.9 -196.7 -94.0 93.7 7

 8 Nonfinancial business -129.4 -135.9 -95.4 -35.7 -118.0 -56.8 -46.5 78.3 -56.1 118.1 146.1 8

 9 Corporate -128.0 -119.4 -58.1 -12.4 -25.7 -22.5 -33.2 32.0 -34.9 36.5 45.2 9

 10 Noncorporate -1.4 -16.5 -37.4 -23.4 -92.3 -34.3 -13.2 46.3 -21.2 81.6 100.9 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 3.4 0.2 9.1 15.6 10.4 24.9 12.2 14.9 22.1 -16.4 -16.4 12

 13 Net change in assets -292.9 -543.2 -322.0 -259.3 -450.0 -244.9 -352.4 10.3 -230.8 7.8 223.5 13

 14 Household sector -3.0 -13.7 -3.2 -20.3 -21.0 -20.9 -19.2 -20.2 -18.8 -20.3 -20.2 14

 15 Nonfinancial corporate business -4.1 -1.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 15

 16 Nonfinancial noncorporate business -1.2 4.2 0.4 0.5 0.3 0.4 0.4 1.1 0.8 1.2 1.2 16

 17 State and local governments 5.0 10.0 -4.5 -9.9 -10.4 0.6 -7.5 -22.4 6.0 8.7 -13.9 17

 18 Federal government 12.6 -5.4 4.0 1.7 4.5 1.8 -0.8 1.2 3.6 0.1 3.7 18

 19 U.S.-chartered depository institutions -243.3 -205.0 -145.4 -52.2 -153.1 0.8 -171.1 114.7 -14.8 -25.9 -40.2 19

 20 Foreign banking offices in U.S. -6.4 -2.5 -2.6 -1.9 -6.4 -0.1 0.1 -1.2 -4.9 -0.4 1.0 20

 21 Banks in U.S.-affiliated areas -0.3 -6.5 -2.4 1.5 -1.9 -2.1 -1.7 11.7 -2.3 -2.7 -7.0 21

 22 Credit unions 4.8 0.0 3.5 7.3 8.5 6.1 7.5 7.3 3.9 14.0 34.2 22

 23 Property-casualty insurance companies -0.5 -0.3 0.8 0.7 1.0 0.8 0.5 0.5 0.9 2.9 1.8 23

 24 Life insurance companies -16.3 -8.6 15.0 11.9 21.1 13.9 5.5 7.2 4.3 13.0 24.2 24

 25 Private pension funds -2.4 2.8 -4.6 -2.6 -3.5 -1.9 -2.4 -2.4 -2.8 -2.9 -2.9 25

 26 State and local govt. retirement funds -3.7 -0.5 0.2 -1.2 -1.5 -1.1 -1.1 -1.0 -1.5 -1.8 -5.0 26

 27 Government-sponsored enterprises (1) 2.4 -110.8 -96.9 -100.5 -140.7 -162.4 -38.4 -60.7 -148.5 100.0 216.3 27

 28 Agency- and GSE-backed mortgage pools 415.3 186.9 165.3 132.2 134.5 146.5 105.6 142.4 138.8 88.9 158.3 28

 29 ABS issuers -371.0 -297.1 -218.9 -205.4 -246.9 -206.3 -215.6 -152.6 -168.1 -168.4 -112.4 29

 30 Finance companies -52.6 -88.8 -32.3 -26.7 -28.6 -31.5 -20.7 -26.1 -29.3 -10.6 -22.0 30

 31 REITs -28.0 -6.3 0.2 6.1 -5.0 11.1 7.0 11.6 2.4 12.5 7.0 31
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F.218 Home Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net borrowing -214.0 -384.6 -255.1 -248.1 -354.1 -217.7 -327.1 -93.3 -207.8 -98.8 93.5 1

 2 Household sector -160.0 -396.0 -228.9 -235.9 -335.5 -208.3 -313.5 -86.3 -193.7 -98.1 87.4 2

 3 Nonfinancial corporate business -12.4 -6.8 -3.4 -0.5 -1.0 -0.1 0.1 -1.0 -1.2 0.7 0.9 3

 4 Nonfinancial noncorporate business -41.5 18.1 -22.8 -11.7 -17.6 -9.3 -13.7 -6.0 -12.8 -1.3 5.3 4

 5 Net change in assets -214.0 -384.6 -255.1 -248.1 -354.1 -217.7 -327.1 -93.3 -207.8 -98.8 93.5 5

 6 Household sector -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 6

 7 Nonfinancial corporate business -2.5 -0.9 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 -0.6 7

 8 Nonfinancial noncorporate business -0.4 1.5 0.2 0.2 0.1 0.1 0.2 0.4 0.3 0.4 0.4 8

 9 State and local governments 2.6 5.2 -2.3 -5.1 -5.4 0.3 -3.9 -11.5 3.1 4.5 -7.2 9

 10 Federal government 5.7 -1.8 0.9 1.2 2.8 0.8 -1.6 2.6 -0.9 -2.6 -2.4 10

 11 U.S.-chartered depository institutions -191.1 -104.7 -77.7 -52.1 -110.6 23.4 -154.7 33.4 -28.3 -105.6 -135.2 11

 12 Foreign banking offices in U.S. -6.0 0.1 0.3 0.5 0.5 -0.5 1.0 0.9 -0.2 -0.8 -0.8 12

 13 Banks in U.S.-affiliated areas -0.3 -2.5 -2.4 2.3 -1.0 -1.0 -0.8 11.9 -0.3 -3.0 0.1 13

 14 Credit unions 4.8 0.0 3.5 7.3 8.5 6.1 7.5 7.3 3.9 14.0 34.2 14

 15 Life insurance companies 0.0 0.4 -0.1 0.5 2.1 2.0 1.8 -3.9 0.1 -1.3 2.0 15

 16 Private pension funds 0.7 -0.1 -0.3 0.9 0.3 0.8 1.0 1.3 1.6 1.9 2.2 16

 17 State and local govt. retirement funds -1.3 -0.2 0.1 -0.4 -0.6 -0.4 -0.4 -0.4 -0.5 -0.6 -1.8 17

 18 Government-sponsored enterprises -25.3 -117.7 -103.2 -111.5 -153.5 -163.7 -59.5 -69.4 -138.5 110.7 237.2 18

 19 Agency- and GSE-backed mortgage pools 402.5 175.8 148.0 105.0 115.7 112.9 84.8 106.5 110.0 51.4 123.5 19

 20 ABS issuers -323.5 -243.7 -192.9 -181.2 -182.2 -191.5 -183.2 -168.0 -136.0 -152.2 -139.3 20

 21 Finance companies -50.1 -84.4 -19.8 -12.2 -23.9 -10.7 -13.0 -1.2 -20.6 -11.3 -17.5 21

 22 REITs -21.7 -3.7 -0.7 5.5 1.8 12.3 2.4 5.4 7.2 4.3 6.6 22

 Memo:

 23 Home equity loans included above (2) -82.6 -90.6 -75.0 -82.9 -88.4 -72.2 -88.3 -82.9 -86.0 -70.1 -61.1 23

 24 U.S.-chartered depository institutions -53.3 -66.3 -60.1 -70.4 -72.3 -59.4 -78.1 -71.9 -74.0 -56.7 -56.5 24

 25 Foreign banking offices in U.S. -0.6 0.0 -0.0 -0.0 0.1 -0.2 0.0 -0.1 0.1 -0.1 0.4 25

 26 Credit unions -4.1 -6.4 -6.0 -6.5 -9.4 -6.1 -4.4 -6.1 -6.7 -6.0 0.7 26

 27 ABS issuers -15.1 -8.7 -4.8 -3.5 -3.7 -3.4 -3.9 -2.9 -3.2 -4.6 -2.4 27

 28 Finance companies -9.6 -9.3 -4.0 -2.4 -2.9 -3.1 -1.8 -1.9 -2.3 -2.8 -3.3 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net borrowing 6.5 -4.9 5.7 24.3 -6.6 26.8 32.5 44.5 18.7 45.2 45.2 1

 2 Nonfinancial corporate business 0.2 -0.3 0.3 1.3 -0.2 1.4 1.7 2.2 -0.0 2.4 2.2 2

 3 Nonfinancial noncorporate business 4.5 -5.5 5.5 24.1 -4.0 27.5 31.5 41.6 -0.2 46.2 42.4 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 1.8 0.8 -0.1 -1.1 -2.4 -2.1 -0.7 0.7 18.9 -3.5 0.6 5

 6 Net change in assets 6.5 -4.9 5.7 24.3 -6.6 26.8 32.5 44.5 18.7 45.2 45.2 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business -0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Nonfinancial noncorporate business -0.4 1.5 0.2 0.2 0.1 0.1 0.1 0.4 0.3 0.4 0.4 9

 10 State and local governments 2.0 4.0 -1.8 -4.0 -4.2 0.2 -3.0 -9.0 2.4 3.5 -5.6 10

 11 Federal government 0.1 -0.3 -0.3 -0.3 0.0 -0.6 -0.8 0.0 -0.4 -0.0 -0.6 11

 12 U.S.-chartered depository institutions -9.0 -12.2 -6.6 5.0 -14.6 6.8 7.1 20.6 12.7 29.5 33.8 12

 13 Foreign banking offices in U.S. -0.4 -0.5 -0.6 -1.5 -5.7 -0.5 0.1 -0.1 -0.5 -1.6 0.7 13

 14 Life insurance companies -3.2 -1.3 2.1 1.5 2.5 2.3 1.8 -0.6 0.8 0.4 4.5 14

 15 Private pension funds 0.3 0.4 -0.3 0.9 0.0 1.0 1.0 1.6 1.9 2.3 2.7 15

 16 State and local govt. retirement funds -1.1 -0.2 0.1 -0.4 -0.5 -0.3 -0.3 -0.3 -0.4 -0.5 -1.5 16

 17 Government-sponsored enterprises 14.2 2.0 2.8 6.2 8.3 -3.5 16.6 3.6 -14.1 -15.4 -25.1 17

 18 Agency- and GSE-backed mortgage pools 13.0 11.3 19.4 27.0 19.0 31.8 21.0 36.2 29.1 37.7 34.8 18

 19 ABS issuers -6.1 -8.6 -7.7 -9.6 -11.1 -10.1 -10.1 -7.2 -13.8 -11.3 1.7 19

 20 Finance companies -0.7 -0.7 -1.5 -0.8 -0.6 -0.6 -1.0 -0.9 -0.4 -2.2 -0.1 20

 21 REITs -2.0 -0.4 -0.2 0.1 -0.0 0.2 0.0 0.4 1.3 2.5 -0.6 21
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F.220 Commercial Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net borrowing -96.8 -161.8 -85.6 -41.3 -95.1 -59.8 -63.6 53.3 -47.7 55.3 78.8 1

 2 Household sector -6.8 -11.5 -6.7 -3.2 -7.0 -4.7 -4.6 3.4 -3.1 4.2 6.4 2

 3 Nonfinancial corporate business -120.0 -115.6 -59.5 -15.4 -27.9 -26.4 -36.9 29.7 -34.6 32.6 41.0 3

 4 Nonfinancial noncorporate business 28.4 -34.0 -28.6 -39.4 -73.0 -55.7 -35.0 6.0 -13.2 31.6 48.4 4

 5 REITs 1.6 -0.6 9.2 16.7 12.8 27.0 12.8 14.2 3.2 -12.9 -17.0 5

 6 Net change in assets -96.8 -161.8 -85.6 -41.3 -95.1 -59.8 -63.6 53.3 -47.7 55.3 78.8 6

 7 Household sector -0.7 -2.5 -4.3 -6.1 -5.5 -5.9 -6.4 -6.8 -7.3 -7.7 -8.2 7

 8 Nonfinancial corporate business -1.6 -0.6 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 8

 9 Nonfinancial noncorporate business -0.3 1.1 0.1 0.1 0.1 0.1 0.1 0.3 0.2 0.3 0.3 9

 10 State and local governments 0.4 0.8 -0.4 -0.8 -0.8 0.0 -0.6 -1.8 0.5 0.7 -1.1 10

 11 Federal government 6.4 -3.7 3.2 0.8 1.5 1.5 1.5 -1.5 5.3 2.5 6.5 11

 12 U.S.-chartered depository institutions -36.8 -95.1 -62.9 -11.9 -36.8 -35.5 -29.7 54.3 -5.3 44.4 55.4 12

 13 Foreign banking offices in U.S. 0.1 -2.1 -2.3 -0.9 -1.2 0.9 -1.0 -2.1 -4.1 2.0 1.1 13

 14 Banks in U.S.-affiliated areas -0.0 -4.0 -0.1 -0.8 -0.9 -1.1 -0.9 -0.2 -2.1 0.3 -7.1 14

 15 Property-casualty insurance companies -0.5 -0.3 0.8 0.7 1.0 0.8 0.5 0.5 0.9 2.9 1.8 15

 16 Life insurance companies -11.4 -6.9 12.3 10.0 16.5 9.6 2.0 11.7 3.4 13.8 17.7 16

 17 Private pension funds -3.4 2.5 -4.0 -4.3 -3.9 -3.7 -4.5 -5.3 -6.2 -7.1 -7.7 17

 18 State and local govt. retirement funds -1.2 -0.2 0.1 -0.4 -0.5 -0.4 -0.4 -0.3 -0.5 -0.6 -1.7 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers -41.4 -44.9 -18.3 -14.5 -53.6 -4.7 -22.3 22.6 -18.3 -4.9 25.2 20

 21 Finance companies -1.9 -3.7 -11.0 -13.8 -4.2 -20.2 -6.7 -24.0 -8.3 2.9 -4.3 21

 22 REITs -4.3 -2.3 1.1 0.5 -6.8 -1.4 4.6 5.8 -6.0 5.7 0.9 22

F.221 Farm Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net borrowing 11.3 8.1 13.1 5.8 5.8 5.8 5.8 5.8 6.0 6.0 6.0 1

 2 Nonfinancial corporate business 4.1 3.2 4.5 2.2 3.4 2.5 1.9 1.1 1.0 0.9 1.1 2

 3 Nonfinancial noncorporate business 7.2 4.9 8.6 3.6 2.4 3.3 3.9 4.7 5.0 5.1 4.9 3

 4 Net change in assets 11.3 8.1 13.1 5.8 5.8 5.8 5.8 5.8 6.0 6.0 6.0 4

 5 Household sector 5.8 -3.2 9.1 -6.2 -7.6 -7.0 -4.8 -5.4 -3.5 -4.6 -4.1 5

 6 Nonfinancial noncorporate business -0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 State and local governments 0.0 0.1 -0.0 -0.1 -0.1 0.0 -0.0 -0.1 0.0 0.0 -0.1 7

 8 Federal government 0.4 0.4 0.3 0.1 0.1 0.1 0.0 0.0 -0.4 0.2 0.2 8

 9 U.S.-chartered depository institutions -6.4 7.0 1.8 6.9 8.9 6.1 6.3 6.3 6.1 5.7 5.9 9

 10 Foreign banking offices in U.S. -0.0 0.0 -0.0 0.0 -0.0 -0.0 -0.0 0.1 -0.1 -0.0 0.0 10

 11 Life insurance companies -1.7 -0.9 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 13.5 4.9 3.5 4.8 4.6 4.9 4.6 5.2 4.1 4.7 4.2 13

 14 Agency- and GSE-backed mortgage pools -0.2 -0.2 -2.1 0.3 -0.2 1.7 -0.2 -0.3 -0.2 -0.1 -0.1 14

(1) Excludes mortgages on farm houses.
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F.222 Consumer Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities (Households) -103.7 -25.3 108.9 169.4 148.5 205.7 136.3 186.9 180.5 173.8 179.3 1

 2 Net change in assets -103.7 -25.3 108.9 169.4 148.5 205.7 136.3 186.9 180.5 173.8 179.3 2

 3 Households (nonprofit organizations) (1) -5.8 -10.4 -3.9 -7.4 -12.2 -2.0 -13.6 -1.8 -8.6 -4.5 -4.7 3

 4 Nonfinancial corporate business -2.2 -11.4 2.3 0.0 26.7 -5.0 -1.9 -19.9 8.2 -2.3 -8.4 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 87.9 133.1 128.5 132.1 140.0 165.9 121.1 101.3 148.2 117.2 97.7 6

 7 U.S.-chartered depository institutions -64.5 -70.3 7.1 28.1 -30.4 43.7 33.0 66.0 9.8 32.9 69.8 7

 8 Credit unions 0.9 -10.7 -3.4 20.6 19.4 22.4 10.9 29.7 26.9 21.5 25.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers -37.8 -42.3 -4.2 3.7 11.6 -0.8 -2.4 6.4 8.1 -5.8 -4.8 10

 11 Finance companies -82.4 -13.4 -17.4 -7.8 -6.7 -18.5 -11.0 5.1 -12.1 14.9 4.0 11

 Memo:

 12 Credit card loans (3) -88.0 -69.4 1.8 3.3 -1.0 8.4 3.3 2.7 13.1 10.3 3.4 12

 13 Auto loans -58.2 -41.0 17.2 59.8 33.4 80.6 84.3 41.0 47.6 80.7 101.7 13

 14 Student loans (4) 101.0 80.8 99.9 119.0 199.6 82.8 127.7 66.0 150.3 38.7 137.6 14

 15 Other consumer credit (5) -58.5 4.3 -9.9 -12.8 -83.5 34.0 -78.9 77.2 -30.5 44.2 -63.3 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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F.223 Trade Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in trade payables -12.0 226.5 58.7 176.2 230.9 180.9 184.9 108.2 191.1 149.8 120.0 1

 2 Household sector 16.0 21.4 14.0 1.5 6.6 2.8 -0.0 -3.2 -6.4 -9.4 -0.6 2

 3 Nonfinancial corporate business -82.6 156.3 25.2 120.5 151.4 158.7 134.9 37.1 132.4 81.1 61.3 3

 4 Nonfinancial noncorporate business 16.8 30.3 7.6 0.9 3.0 -10.2 -2.2 13.0 24.0 -0.4 8.8 4

 5 State and local governments 38.9 38.5 38.4 39.1 38.9 39.1 39.2 39.2 39.2 39.3 39.9 5

 6 Federal government -56.2 6.3 9.4 7.9 3.4 1.3 17.2 9.7 1.8 30.6 25.1 6

 7 Rest of the world 6.1 25.8 -32.2 6.3 15.5 4.5 -2.2 7.4 -4.5 7.6 -5.2 7

 8 Brokers and dealers 48.9 -52.0 -3.8 -0.0 12.2 -15.3 -2.0 5.0 4.6 1.0 -9.3 8

 9 Net change in trade receivables -114.5 166.3 112.9 110.0 172.4 129.8 139.3 -1.7 180.8 202.7 142.1 9

 10 Nonfinancial corporate business -31.1 105.7 83.4 82.4 141.4 104.4 87.4 -3.7 157.2 150.2 118.1 10

 11 Nonfinancial noncorporate business -26.3 37.0 5.5 6.8 3.3 4.7 5.5 13.5 10.5 15.2 15.4 11

 12 State and local governments -4.6 13.1 2.3 8.3 7.7 13.3 7.9 4.5 8.8 8.5 3.5 12

 13 Federal government -21.1 -0.7 4.8 2.6 -2.6 7.2 6.2 -0.3 -14.1 14.4 1.3 13

 14 Rest of the world 6.6 19.8 17.7 11.5 15.9 8.2 26.4 -4.7 14.4 19.5 3.4 14

 15 Property-casualty insurance companies -3.7 0.8 3.4 4.8 15.8 3.6 9.8 -10.0 8.1 10.4 6.8 15

 16 ABS issuers -34.3 -9.5 -4.2 -6.4 -9.1 -11.6 -3.9 -1.0 -4.2 -15.6 -6.4 16

 17 Discrepancy 102.5 60.3 -54.1 66.3 58.5 51.2 45.5 109.9 10.4 -52.9 -22.1 17

F.224 Security Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net change in liabilities -95.9 123.6 97.8 188.9 181.7 135.0 266.3 172.5 -105.7 71.7 74.8 1

 2 Household sector 38.1 75.2 -39.3 64.9 115.4 -93.1 98.7 138.4 16.4 -21.2 44.6 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers -134.0 48.4 137.1 124.0 66.2 228.0 167.6 34.1 -122.1 92.9 30.2 4

 5 Customer credit balances (HH) -74.1 25.7 58.1 23.6 39.6 61.5 10.1 -16.6 26.1 150.9 24.9 5

 6 From U.S.-chartered depository institutions -59.2 -5.8 37.3 42.3 -39.4 75.8 128.1 4.7 -135.7 -41.6 -42.7 6

 7 From foreign banking offices in U.S. -0.8 28.5 41.6 58.0 66.0 90.7 29.3 46.0 -12.5 -16.4 48.0 7

 8 Net change in assets -95.9 123.6 97.8 188.9 181.7 135.0 266.3 172.5 -105.7 71.7 74.8 8

 9 Household sector -74.1 25.7 58.1 23.6 39.6 61.5 10.1 -16.6 26.1 150.9 24.9 9

 10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 U.S.-chartered depository institutions -59.2 -5.8 37.3 42.3 -39.4 75.8 128.1 4.7 -135.7 -41.6 -42.7 11

 12 Foreign banking offices in U.S. -0.8 28.5 41.6 58.0 66.0 90.7 29.3 46.0 -12.5 -16.4 48.0 12

 13 Brokers and dealers 38.1 75.2 -39.3 64.9 115.4 -93.1 98.7 138.4 16.4 -21.2 44.6 13
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F.225 Life Insurance Reserves

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 26.5 17.2 94.1 -11.6 -9.6 -73.2 11.8 24.6 -10.0 15.3 40.4 1

 2 Federal government 1.1 0.9 1.3 0.3 0.5 1.5 -0.2 -0.5 0.2 0.8 -0.5 2

 3 Life insurance companies 25.4 16.4 92.8 -11.9 -10.1 -74.6 12.0 25.1 -10.2 14.5 40.9 3

 4 Net change in assets 26.5 17.2 94.1 -11.6 -9.6 -73.2 11.8 24.6 -10.0 15.3 40.4 4

 5 Households 23.7 9.0 86.9 -26.3 -46.6 -82.2 0.2 23.5 -20.2 9.9 30.8 5

 6 U.S.-chartered depository institutions 0.8 4.5 4.8 7.4 12.4 4.8 5.9 6.4 5.3 4.2 5.2 6

 7 Holding companies 2.1 3.8 2.4 7.3 24.5 4.3 5.8 -5.3 5.0 1.1 4.5 7

F.226 Pension Entitlements

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net change in liabilities 427.4 614.7 473.0 497.1 464.6 381.6 526.3 615.6 464.0 479.4 506.4 1

 2 Life insurance companies (1) 2.6 145.3 75.3 74.8 48.1 -46.9 112.1 186.0 23.7 -4.9 65.2 2

 3 Private pension funds (2) 115.1 146.7 82.6 120.5 114.8 127.0 120.5 119.6 135.8 176.5 128.1 3

 4 State and local govt. retirement funds 215.9 220.7 209.3 203.3 200.8 200.1 203.9 208.3 208.3 208.3 208.3 4

 5 Federal government retirement funds (3) 93.7 102.1 105.9 98.5 100.9 101.5 89.8 101.7 96.2 99.4 104.8 5

 6 Net change in assets (Households) (4) 427.4 614.7 473.0 497.1 464.6 381.6 526.3 615.6 464.0 479.4 506.4 6

(1) Annuities, including those at IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs) (table F.226.i), except those at life insurance companies.

F.227 Taxes Payable by Businesses

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net change in taxes payable by all -3.4 19.4 20.6 14.3 19.5 21.9 28.6 -12.7 27.9 -85.6 6.9 1

 businesses

 2 Nonfinancial corporate business -3.3 7.2 8.8 6.4 -3.1 19.9 -10.3 19.2 -17.8 -21.4 -32.4 2

 3 Nonfinancial noncorporate business -6.3 -0.7 1.1 1.3 0.7 0.9 1.1 2.7 2.1 3.0 3.1 3

 4 U.S.-chartered depository institutions 7.3 6.6 10.6 6.7 7.7 9.1 16.3 -6.4 7.6 -51.8 23.9 4

 5 Property-casualty insurance companies 5.3 5.6 -4.4 3.8 26.0 -20.7 17.9 -8.1 30.4 -8.1 10.7 5

 6 Life insurance companies -7.0 2.6 5.2 -4.6 -14.8 13.9 0.9 -18.5 -0.6 -6.7 0.0 6

 7 Finance companies -2.8 0.3 0.5 0.2 1.2 -0.7 -0.6 0.9 0.8 -0.6 0.9 7

 8 Brokers and dealers 3.2 -2.1 -1.1 0.5 1.8 -0.6 3.3 -2.4 5.4 0.1 0.6 8

 9 Net change in business taxes receivable 30.0 27.8 22.9 13.3 36.4 -17.3 19.8 14.3 -2.6 -48.7 9.9 9

 10 State and local governments -5.9 0.7 2.2 1.3 -1.9 -8.5 11.6 4.1 -0.3 -2.2 8.8 10

 11 Federal government 35.9 27.1 20.8 11.9 38.3 -8.8 8.1 10.1 -2.4 -46.5 1.1 11

 12 Discrepancy -33.4 -8.4 -2.3 1.0 -16.9 39.2 8.8 -27.0 30.6 -36.9 -3.0 12

F.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total household investment -69.9 187.1 -52.7 -5.8 25.5 0.6 -11.0 -38.4 89.8 11.1 -18.4 1

 2 Nonfinancial noncorporate business -70.4 186.2 -51.0 -12.3 -3.9 -4.7 -7.4 -33.0 95.1 10.1 -2.5 2

 3 Brokers and dealers 0.6 0.9 -1.7 6.5 29.4 5.3 -3.6 -5.3 -5.3 0.9 -15.9 3
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F.229 Total Miscellaneous Financial Claims

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 258.4 1117.4 1716.6 685.9 651.0 499.6 760.0 832.9 1395.4 1146.9 700.4 1

 2 Household sector -4.9 2.7 -0.4 0.6 7.5 7.4 1.7 -14.3 4.1 7.4 -3.7 2

 3 Nonfinancial corporate business 46.4 398.7 805.6 293.5 375.4 407.0 423.5 -31.8 147.4 248.8 357.7 3

 4 Nonfinancial noncorporate business 32.8 -50.6 34.1 8.4 36.8 8.7 7.9 -19.9 15.2 2.5 24.7 4

 5 Federal government 97.0 110.7 122.1 93.7 69.9 114.6 67.2 123.1 100.1 86.1 55.5 5

 6 Rest of the world -269.5 379.7 414.1 21.5 -309.0 70.3 5.2 319.2 32.1 894.5 325.1 6

 7 Monetary authority 6.1 29.2 -26.7 2.0 58.1 -50.0 -24.5 24.3 62.7 -43.0 -15.6 7

 8 U.S.-chartered depository institutions 257.8 198.5 50.8 111.5 194.0 68.0 222.8 -38.8 165.7 -134.8 -140.4 8

 9 Foreign banking offices in U.S. -142.3 -18.1 37.3 -38.1 0.0 -116.6 17.1 -53.0 71.3 -21.6 -137.5 9

 10 Banks in U.S.-affiliated areas 4.3 -5.9 -3.9 -2.0 -1.1 -5.0 5.2 -7.2 -3.6 0.3 -3.1 10

 11 Credit unions 14.7 -8.3 1.3 0.3 6.5 -5.1 -1.8 1.8 12.8 -2.5 -3.8 11

 12 Property-casualty insurance companies -2.6 9.2 33.1 4.4 -30.9 22.5 5.0 20.9 -25.5 29.0 9.8 12

 13 Life insurance companies 17.9 14.0 37.7 35.1 48.6 2.8 70.2 18.8 9.6 4.8 18.2 13

 14 Government-sponsored enterprises 62.3 -68.2 -23.2 -6.1 7.3 -13.4 -15.3 -2.9 -16.7 7.7 -8.9 14

 15 Finance companies -91.2 -58.9 -13.0 -25.5 -25.6 -38.5 -150.9 112.9 -10.9 -1.2 -112.7 15

 16 REITs -13.8 14.9 8.5 17.0 62.2 -40.0 90.5 -44.9 -16.5 2.1 -57.4 16

 17 Brokers and dealers 18.4 22.2 -8.6 0.3 291.8 -132.2 46.3 -204.8 278.7 -79.4 59.0 17

 18 Holding companies -25.6 -68.2 -36.8 -66.0 -123.3 67.6 -245.6 37.4 336.0 -88.0 15.0 18

 19 Funding corporations -42.3 -53.6 -2.3 84.5 -127.6 -38.6 25.4 479.0 46.3 -32.7 80.4 19

 20 Net change in assets 370.1 959.4 1284.7 1016.0 1151.1 1024.4 405.1 1483.5 2015.8 2334.9 987.3 20

 21 Household sector 34.9 6.0 70.4 -5.8 -37.0 -22.4 -7.4 43.5 -39.6 5.0 -0.8 21

 22 Nonfinancial corporate business 104.5 518.5 428.1 711.6 825.7 780.5 565.8 674.6 679.8 652.2 418.3 22

 23 Nonfinancial noncorporate business -92.5 104.8 6.3 40.8 27.1 32.5 36.2 67.4 54.8 73.1 73.6 23

 24 State and local governments 25.2 -22.4 -3.2 -4.6 -4.9 0.3 -3.5 -10.5 2.8 4.1 -6.5 24

 25 Federal government 35.4 -3.5 1.9 -1.0 -10.7 5.9 0.1 0.5 2.7 -11.6 22.1 25

 26 Rest of the world 166.5 323.5 251.2 29.8 -98.5 54.7 -285.1 447.9 -206.2 664.8 641.6 26

 27 Monetary authority -493.8 7.8 142.9 -27.6 -152.8 -5.0 -1.0 48.5 76.6 31.6 -2.7 27

 28 U.S.-chartered depository institutions 12.1 -84.7 -68.2 -21.9 124.3 99.1 -50.0 -260.9 -3.3 235.5 -205.8 28

 29 Foreign banking offices in U.S. -4.4 -15.1 15.0 -0.3 22.8 -17.5 34.8 -41.5 36.0 31.0 -15.0 29

 30 Banks in U.S.-affiliated areas -4.5 4.5 0.8 0.2 0.1 16.0 -10.4 -5.0 1.8 23.9 13.3 30

 31 Credit unions 0.2 41.1 -12.1 0.8 -5.1 8.0 -3.4 3.7 -8.5 41.5 -20.1 31

 32 Property-casualty insurance companies 16.3 -22.2 -1.0 -2.6 -19.6 5.5 -3.0 6.7 16.4 19.1 10.0 32

 33 Life insurance companies -22.5 2.8 46.8 49.9 -10.5 26.0 54.7 129.3 -37.5 -42.3 -41.9 33

 34 Private pension funds 149.9 -27.6 47.9 52.8 21.8 41.8 42.3 105.3 44.1 74.0 63.2 34

 35 State and local govt. retirement funds -8.5 16.1 8.8 0.3 -6.0 1.8 3.8 1.7 1.5 12.7 12.7 35

 36 Federal government retirement funds 77.5 85.9 90.0 88.6 88.9 88.3 88.8 88.6 88.6 88.6 88.6 36

 37 Money market mutual funds -8.3 -3.4 -0.8 6.1 -47.4 -20.6 -7.9 100.2 -21.2 15.7 -46.8 37

 38 Mutual funds -5.1 -12.0 2.9 -33.1 -161.0 -61.9 18.9 71.4 44.9 3.4 -0.0 38

 39 Government-sponsored enterprises 1.2 29.3 -0.1 4.1 6.3 -56.4 14.7 51.8 61.3 -0.8 -3.5 39

 40 Finance companies 28.4 -72.5 2.4 -28.7 -28.2 -51.7 -92.1 57.1 -49.0 16.0 -99.7 40

 41 REITs -8.5 7.4 13.3 22.5 22.3 6.2 34.0 27.5 32.8 46.4 -70.7 41

 42 Brokers and dealers 54.9 -104.2 -101.7 -61.4 268.0 117.4 -186.0 -445.1 557.2 284.2 -104.1 42

 43 Holding companies 85.4 -31.2 36.5 37.4 142.9 -92.6 -67.4 166.8 365.3 -175.0 82.1 43

 44 Funding corporations -67.2 -58.4 19.6 7.2 72.5 -102.3 17.8 40.7 128.3 -25.2 -58.7 44

 45 Discrepancy -111.7 158.0 431.8 -330.1 -500.1 -524.8 354.9 -650.5 -620.4 -1188.0 -286.9 45
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F.230 Identified Miscellaneous Financial Claims - Part I

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 310.4 301.1 409.0 388.3 452.2 344.8 374.5 381.7 336.5 382.2 345.2 1

 2 Equity 34.6 40.6 64.7 34.6 15.5 61.0 49.6 12.2 -3.4 46.0 14.2 2

 3 Reinvested earnings 227.4 302.5 326.5 332.7 327.8 320.2 319.1 363.6 319.0 329.9 311.7 3

 4 Intercompany accounts 48.3 -42.0 17.8 21.0 108.8 -36.4 5.8 5.9 20.9 6.3 19.4 4

 5 Asset: Nonfinancial corporate business 269.7 303.3 399.8 365.8 428.2 314.8 355.3 364.7 294.8 354.8 318.1 5

 6 U.S.-chartered depository institutions -0.8 2.7 -5.7 -0.9 -0.4 2.8 -5.1 -1.2 0.6 -1.8 1.3 6

 7 Property-casualty insurance companies 16.3 -22.2 -1.0 -2.6 -19.6 5.5 -3.0 6.7 16.4 19.1 10.0 7

 8 Life insurance companies 1.6 1.9 3.0 3.6 3.3 1.4 2.3 7.3 1.9 0.6 -1.4 8

 9 Finance companies 11.0 6.8 9.0 11.3 24.0 12.2 11.1 -2.3 8.2 -1.5 2.6 9

 10 Brokers and dealers 12.5 8.7 3.9 11.2 16.7 8.0 13.8 6.4 14.5 11.0 14.7 10

 Foreign direct investment in U.S. (1):

 11 Liab.: Nonfinancial corporate business 104.6 157.0 195.2 165.1 176.5 175.0 135.5 173.2 91.0 117.3 96.0 11

 12 Nonfinancial noncorporate business 0.1 0.3 0.1 0.6 0.0 1.9 -0.1 0.6 -0.1 0.4 2.5 12

 13 Foreign banking offices in U.S. 16.6 12.4 27.2 -2.4 -26.4 6.7 5.6 4.4 7.7 7.2 9.3 13

 14 Property-casualty insurance companies 2.4 2.8 -2.1 -5.7 -3.9 6.4 -1.9 -23.4 6.6 5.2 8.0 14

 15 Life insurance companies 11.1 6.3 -9.1 2.5 -4.3 3.8 8.2 2.1 6.0 9.5 9.7 15

 16 Finance companies 12.8 13.2 7.5 -2.2 -6.3 -0.5 1.8 -3.7 -3.8 5.0 1.8 16

 17 Brokers and dealers 2.1 13.2 10.8 8.0 6.9 4.2 5.6 15.2 6.5 6.1 3.2 17

 18 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 18

 19 Asset: Rest of the world 150.4 205.9 230.2 166.4 143.0 198.1 155.4 169.2 114.5 151.5 131.0 19

 20 Equity 126.8 140.5 98.5 59.6 7.1 52.5 34.6 144.3 52.4 36.5 30.7 20

 21 Reinvested earnings 21.7 62.7 80.9 105.7 105.3 93.1 111.3 113.2 102.4 124.2 114.0 21

 22 Intercompany accounts 2.0 2.7 50.9 1.0 30.6 52.5 9.5 -88.4 -40.2 -9.2 -13.7 22

 Federal government equity in IBRD, etc.:

 23 Liab.: Rest of the world 1.7 2.3 2.6 2.4 1.5 7.0 1.0 0.3 0.1 8.3 6.9 23

 24 Asset: Federal government 1.7 2.3 2.6 2.4 1.5 7.0 1.0 0.3 0.1 8.3 6.9 24

 Federal Reserve Bank stock:

 25 Liab.: Monetary authority 4.6 0.9 0.4 0.5 1.3 0.5 0.1 -0.0 0.8 -0.3 -0.2 25

 26 Asset: U.S.-chartered depository institutions 4.6 0.9 0.4 0.5 1.3 0.5 0.1 -0.0 0.8 -0.3 -0.2 26

 Equity in govt.-sponsored enterprises:

 27 Liab.: Government-sponsored enterprises 0.0 -2.7 -5.9 -1.8 -2.6 -3.2 -1.5 -0.0 -3.6 1.1 -0.6 27

 28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.1 -0.0 0.0 0.5 -0.3 0.0 -0.0 0.3 -0.2 -0.1 28

 29 Nonfinancial noncorporate (FCS) -0.0 0.4 0.3 0.2 0.3 -0.3 0.4 0.2 -0.2 1.1 1.0 29

 30 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 U.S.-chartered depository institutions (FHLB) 0.7 -3.0 -6.1 -2.2 -3.1 -3.3 -1.8 -0.4 -3.4 0.1 -2.3 31

 32 Credit unions (FHLB) -0.4 -0.2 0.7 0.1 -0.1 0.5 -0.1 0.0 0.2 0.1 0.1 32

 33 Life insurance companies (FHLB) -0.3 -0.0 -0.8 0.1 -0.1 0.2 0.0 0.2 -0.4 0.1 0.6 33

 Holding company net transactions with subsidiaries:

 34 Liab.: U.S.-chartered depository institutions 166.8 33.4 76.1 101.2 22.3 174.2 136.6 71.8 110.7 -100.8 70.4 34

 35 Property-casualty insurance companies 0.0 0.0 0.0 4.3 0.0 10.2 5.3 1.8 -22.9 -0.0 -7.1 35

 36 Life insurance companies 9.3 22.2 9.3 9.9 -2.1 27.7 13.5 0.7 0.8 -1.4 1.2 36

 37 Finance companies -23.3 -39.5 -20.3 -0.5 -15.3 -14.0 -1.3 28.6 -5.5 5.1 0.9 37

 38 Brokers and dealers -173.1 -24.3 -13.0 49.6 255.4 -114.1 4.9 52.3 -84.7 72.1 -160.4 38

 39 Rest of the world 23.5 10.6 30.6 -51.5 77.3 -77.8 -48.7 -156.9 89.8 -146.0 106.5 39

 40 Asset: Holding companies 3.1 2.4 82.7 113.1 337.6 6.2 110.2 -1.8 88.2 -171.0 11.5 40

 NFC investment in finance company subsidiaries:

 41 Liab.: Finance companies -9.3 26.7 8.4 -0.4 -11.2 -10.3 -1.0 20.9 -4.0 3.7 0.6 41

 42 Asset: Nonfinancial corporate business -9.3 26.7 8.4 -0.4 -11.2 -10.3 -1.0 20.9 -4.0 3.7 0.6 42

 Funding corporations’ investment in subsidiaries:

 43 Liab.: Foreign banking offices in U.S. -73.5 -31.5 -33.7 -11.8 65.7 -103.0 -42.3 32.3 67.7 -3.4 -96.3 43

 44 Brokers and dealers 6.3 -26.9 53.4 19.0 6.8 0.7 60.1 8.4 60.6 -21.8 37.6 44

 45 Asset: Funding corporations -67.2 -58.4 19.6 7.2 72.5 -102.3 17.8 40.7 128.3 -25.2 -58.7 45

 Equity investment under Public-Private Inv. Program:

 46 Liab.: Funding corporations 2.4 7.9 1.4 0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 46

 47 Asset: Households (2) 1.2 4.0 0.7 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 47

 48 Federal government 1.2 4.0 0.7 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 48

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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F.231 Identified Miscellaneous Financial Claims - Part II

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world -543.3 -10.1 99.7 -91.0 -213.4 -74.0 -61.6 -14.9 -3.8 -25.3 -4.6 1

 2 Asset: Federal government 0.2 0.1 -0.1 -0.1 -0.1 0.0 0.1 -0.3 -0.5 0.3 0.1 2

 3 Monetary authority (1) -543.5 -10.2 99.7 -90.9 -213.4 -74.1 -61.7 -14.6 -3.3 -25.5 -4.7 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.4 -1.5 -1.8 1.2 17.1 -15.2 -2.1 4.8 -1.4 -5.6 -6.1 6

 7 Asset: U.S.-chartered depository institutions 0.4 -1.5 -1.8 1.2 17.1 -15.2 -2.1 4.8 -1.4 -5.6 -6.1 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector -4.9 2.7 -0.4 0.6 7.5 7.4 1.7 -14.3 4.1 7.4 -3.7 8

 9 Asset: Life insurance companies -4.9 2.7 -0.4 0.6 7.5 7.4 1.7 -14.3 4.1 7.4 -3.7 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 8.4 14.8 14.4 -2.4 -0.9 -15.7 18.4 -11.5 -13.5 21.2 14.0 10

 11 Accident and health 9.7 14.7 15.2 -3.1 -4.2 -19.2 15.3 -4.3 -14.9 19.2 12.3 11

 12 Policy dividend accumulation -1.1 0.4 -1.8 0.4 0.8 1.5 1.4 -2.3 0.3 1.8 0.3 12

 13 Contract claims -0.1 -0.4 0.9 0.3 2.5 1.9 1.6 -5.0 1.2 0.1 1.4 13

 14 Asset: Household sector 8.4 14.8 14.4 -2.4 -0.9 -15.7 18.4 -11.5 -13.5 21.2 14.0 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies -5.0 6.3 35.2 5.8 -27.0 5.9 1.6 42.5 -9.2 23.8 8.8 15

 16 Asset: Household sector 8.7 -35.2 36.7 -16.7 -31.6 -18.0 -19.0 1.7 -21.6 -6.7 -13.7 16

 17 Nonfinancial corporate business -4.0 11.9 10.0 7.4 -5.5 8.0 5.8 21.6 0.3 13.8 7.8 17

 18 Nonfinancial noncorporate business -9.8 29.7 -11.6 15.1 10.2 16.0 14.9 19.2 12.1 16.7 14.8 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 32.6 -45.5 12.4 3.5 -2.1 5.0 6.4 4.9 9.6 5.9 0.2 19

 20 Asset: Private pension funds 32.6 -45.5 12.4 3.5 -2.1 5.0 6.4 4.9 9.6 5.9 0.2 20

 Pension fund contributions payable:

 21 Liab.: Nonfinancial corporate business -8.4 15.4 3.0 -2.1 -6.5 1.4 -0.9 -2.3 0.8 -0.1 -0.4 21

 22 Asset: Private pension funds -8.4 15.4 3.0 -2.1 -6.5 1.4 -0.9 -2.3 0.8 -0.1 -0.4 22

 Securities borrowed (net):

 23 Liab.: Funding corporations -30.2 -123.5 -74.6 -79.2 -28.9 219.8 -198.4 -309.3 236.2 298.3 -43.6 23

 24 Asset: Brokers and dealers -30.2 -123.5 -74.6 -79.2 -28.9 219.8 -198.4 -309.3 236.2 298.3 -43.6 24

 Nonmarketable government securities:

 25 Liab.: Federal government 61.9 65.7 70.8 40.4 106.6 95.8 45.8 -86.5 229.9 -272.6 -110.3 25

 26 Asset: Federal government retirement funds 61.9 65.7 70.8 40.4 106.6 95.8 45.8 -86.5 229.9 -272.6 -110.3 26

 Retiree health care funds (2):

 27 Liab.: Federal government 16.6 22.5 18.5 13.3 -4.6 11.4 -6.7 53.3 -4.5 -9.5 -1.1 27

 28 Asset: Household sector 16.6 22.5 18.5 13.3 -4.6 11.4 -6.7 53.3 -4.5 -9.5 -1.1 28

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business 88.6 -9.9 -11.6 54.1 80.4 15.0 24.3 96.8 59.1 39.9 60.8 29

 30 State and local governments 293.0 269.3 287.0 151.0 110.3 170.5 210.1 113.1 186.5 267.0 238.2 30

 31 Federal government 15.6 20.2 19.2 48.2 -17.7 -7.5 43.0 175.1 -141.3 361.1 198.8 31

 32 Asset: Private pension funds 88.6 -9.9 -11.6 54.1 80.4 15.0 24.3 96.8 59.1 39.9 60.8 32

 33 State and local govt. retirement funds 293.0 269.3 287.0 151.0 110.3 170.5 210.1 113.1 186.5 267.0 238.2 33

 34 Federal government retirement funds 15.6 20.2 19.2 48.2 -17.7 -7.5 43.0 175.1 -141.3 361.1 198.8 34

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

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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F.232 Unidentified Miscellaneous Financial Claims

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities -63.0 405.0 496.5 -133.3 -364.3 -361.0 21.8 170.3 182.1 85.0 -86.7 1

 2 Nonfinancial corporate business -138.4 236.2 619.1 76.4 125.1 215.5 264.6 -299.6 -3.5 91.8 201.3 2

 3 Nonfinancial noncorporate business 32.6 -50.9 34.0 7.8 36.8 6.8 8.0 -20.5 15.3 2.0 22.3 3

 4 Federal government 2.9 2.4 13.6 -8.3 -14.4 14.9 -14.9 -18.7 16.1 7.0 -32.0 4

 5 Rest of the world -61.7 75.8 -127.8 -226.8 -626.5 -129.7 -260.0 109.1 -390.5 675.2 -129.0 5

 6 Monetary authority 1.5 28.3 -27.1 1.5 56.8 -50.5 -24.6 24.3 61.8 -42.7 -15.4 6

 7 U.S.-chartered depository institutions 91.1 165.1 -25.4 10.3 171.7 -106.3 86.2 -110.6 55.0 -33.9 -210.8 7

 8 Foreign banking offices in U.S. -85.1 0.9 43.9 -23.9 -40.2 -19.5 53.7 -89.5 -4.1 -25.2 -50.4 8

 9 Banks in U.S.-affiliated areas 4.3 -5.9 -3.9 -2.0 -1.1 -5.0 5.2 -7.2 -3.6 0.3 -3.1 9

 10 Credit unions 14.7 -8.3 1.3 0.3 6.5 -5.1 -1.8 1.8 12.8 -2.5 -3.8 10

 11 Life insurance companies -43.5 16.1 10.7 21.6 57.9 -17.9 23.7 22.6 6.7 -30.4 -7.0 11

 12 Government-sponsored enterprises 61.9 -63.9 -15.4 -5.4 -7.1 4.9 -11.7 -7.7 -11.8 12.2 -2.3 12

 13 Finance companies -71.5 -59.3 -8.5 -22.5 7.3 -13.7 -150.5 67.1 2.4 -15.0 -115.9 13

 14 REITs -13.8 14.9 8.5 17.0 62.2 -40.0 90.5 -44.9 -16.5 2.1 -57.4 14

 15 Brokers and dealers 183.1 60.2 -59.8 -76.4 22.7 -23.1 -24.3 -280.8 296.3 -135.9 178.6 15

 16 Holding companies -25.6 -68.2 -36.8 -66.0 -123.3 67.6 -245.6 37.4 336.0 -88.0 15.0 16

 17 Funding corporations -15.1 61.3 70.3 163.1 -99.5 -259.1 223.2 787.7 -190.5 -331.6 123.4 17

 18 Net change in assets 48.7 247.0 64.7 196.8 135.9 163.7 -333.1 820.9 802.6 1273.0 200.2 18

 19 Nonfinancial corporate business -152.0 176.5 10.0 338.8 413.9 468.3 205.7 267.4 388.4 280.1 91.9 19

 20 Nonfinancial noncorporate business -82.7 74.7 17.6 25.6 16.6 16.8 20.9 48.0 42.9 55.3 57.8 20

 21 State and local governments 25.2 -22.4 -3.2 -4.6 -4.9 0.3 -3.5 -10.5 2.8 4.1 -6.5 21

 22 Federal government 32.3 -9.8 -1.3 -3.5 -12.2 -1.2 -0.9 0.4 3.1 -20.2 15.1 22

 23 Rest of the world 16.1 117.7 21.0 -136.6 -241.5 -143.4 -440.4 278.7 -320.7 513.3 510.5 23

 24 Monetary authority 49.6 18.0 43.1 63.4 60.5 69.0 60.7 63.1 79.9 57.1 2.0 24

 25 U.S.-chartered depository institutions 7.2 -83.7 -54.9 -20.4 109.5 114.2 -41.1 -264.1 0.1 243.1 -198.5 25

 26 Foreign banking offices in U.S. -4.4 -15.1 15.0 -0.3 22.8 -17.5 34.8 -41.5 36.0 31.0 -15.0 26

 27 Banks in U.S.-affiliated areas -4.5 4.5 0.8 0.2 0.1 16.0 -10.4 -5.0 1.8 23.9 13.3 27

 28 Credit unions 0.6 41.3 -12.8 0.7 -5.0 7.5 -3.3 3.7 -8.7 41.4 -20.2 28

 29 Life insurance companies -18.9 -1.7 45.0 45.6 -21.2 17.0 50.6 136.1 -43.1 -50.4 -37.4 29

 30 Private pension funds 37.1 12.3 44.1 -2.8 -50.0 20.4 12.5 5.9 -25.4 28.3 2.5 30

 31 State and local govt. retirement funds -8.5 16.1 8.8 0.3 -6.0 1.8 3.8 1.7 1.5 12.7 12.7 31

 32 Money market mutual funds -8.3 -3.4 -0.8 6.1 -47.4 -20.6 -7.9 100.2 -21.2 15.7 -46.8 32

 33 Mutual funds -5.1 -12.0 2.9 -33.1 -161.0 -61.9 18.9 71.4 44.9 3.4 -0.0 33

 34 Government-sponsored enterprises 1.2 29.3 -0.1 4.1 6.3 -56.4 14.7 51.8 61.3 -0.8 -3.5 34

 35 Finance companies 17.4 -79.3 -6.6 -39.9 -52.2 -63.9 -103.2 59.4 -57.3 17.5 -102.3 35

 36 REITs -8.5 7.4 13.3 22.5 22.3 6.2 34.0 27.5 32.8 46.4 -70.7 36

 37 Brokers and dealers 72.6 10.6 -31.0 6.5 280.2 -110.4 -1.3 -142.3 306.5 -25.1 -75.2 37

 38 Holding companies 82.3 -33.6 -46.2 -75.6 -194.8 -98.8 -177.6 168.6 277.1 -4.0 70.7 38

 39 Discrepancy -111.7 158.0 431.8 -330.1 -500.1 -524.8 354.9 -650.5 -620.4 -1188.0 -286.9 39
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F.11 Sector Discrepancies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2009 2010 2011 2012 2012 2013

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 All sectors 184.0 77.5 328.8 -319.2 -15.9 -642.8 106.6 -724.6 -631.2 -893.0 -265.9 1

 2 Household sector -192.2 -581.8 -740.8 -370.3 -134.7 -802.3 -130.8 -413.2 -1172.9 -259.2 512.4 2

 3 Nonfinancial corporate business -125.4 287.4 853.0 122.8 121.2 52.3 137.7 179.7 81.7 172.4 197.5 3

 4 State and local governments 62.9 0.9 64.6 -46.5 -39.2 -68.1 -47.5 -31.3 -35.1 -4.4 72.7 4

 5 Federal government -61.9 -55.3 -16.2 -87.6 371.5 -211.2 -437.3 -73.5 206.6 -514.2 -610.0 5

 6 Rest of the world 150.8 17.3 -91.9 -13.9 -564.9 374.8 311.7 -177.1 277.0 126.6 42.0 6

 7 Financial sectors 349.7 408.8 260.1 76.3 230.3 11.6 272.7 -209.2 11.6 -414.2 -480.5 7

 8 Monetary authority -6.0 -10.0 -1.2 -18.6 -25.7 -23.2 -19.5 -6.1 -2.9 -1.5 -1.6 8

 9 U.S.-chartered depository institutions 357.1 328.8 161.7 89.2 219.2 34.4 367.0 -263.9 107.8 -366.8 -69.4 9

 10 Foreign banking officed in U.S. 144.4 -20.0 7.8 -6.1 68.5 -68.4 -83.2 58.5 19.0 -12.7 -214.4 10

 11 Banks in U.S.-affiliated areas 6.2 -0.0 1.0 -0.1 -0.9 0.7 1.9 -2.0 0.1 2.3 2.8 11

 12 Credit unions 11.5 -5.5 -26.2 5.8 -13.4 24.6 13.4 -1.3 42.1 0.4 -3.6 12

 13 Property-casualty insurance companies -23.2 75.7 7.6 -19.9 -13.4 -3.3 0.0 -62.8 5.8 2.1 -14.7 13

 14 Life insurance companies -85.6 -17.7 -24.4 -46.6 -36.8 -65.7 -29.0 -54.8 -33.1 2.9 0.2 14

 15 Mutual funds -40.7 -24.9 -35.3 -33.2 -34.4 -33.7 -33.6 -31.1 -19.6 -8.3 -8.2 15

 16 Government-sponsored enterprises 52.3 57.2 65.6 63.7 133.3 37.0 -6.1 90.5 -96.1 -54.8 -234.9 16

 17 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Finance companies 17.1 16.2 42.0 61.6 65.0 55.0 84.2 42.3 16.1 6.9 9.1 18

 19 REITs -17.1 16.1 36.1 47.9 51.2 27.9 40.3 72.0 40.6 65.7 61.8 19

 20 Brokers and dealers -57.2 -6.6 26.9 -65.5 -180.7 28.1 -61.3 -48.2 -65.8 -48.9 -6.4 20

 21 Holding companies -9.1 -0.3 -1.5 -1.7 -1.5 -1.7 -1.4 -2.2 -2.3 -1.4 -1.2 21

F.12 Instrument Discrepancies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 All types 184.0 77.5 328.8 -319.2 -15.9 -642.8 106.6 -724.6 -631.2 -893.0 -265.9 1

 2 Treasury currency -4.4 -1.1 -0.7 -0.6 -0.8 -0.5 -0.5 -0.5 -0.9 -0.7 -2.1 2

 3 Foreign deposits -122.5 -26.6 25.2 -7.3 6.1 -31.2 107.9 -112.0 7.2 267.1 202.3 3

 4 Net interbank transactions 10.3 23.5 1.5 11.9 110.8 -20.6 19.1 -61.6 297.3 -20.0 -191.5 4

 5 Security repurchase agreements 420.7 -79.1 -122.5 -74.2 314.3 -240.0 -342.0 -28.9 -455.9 -141.7 -60.2 5

 6 Mail floats -0.3 -1.1 0.8 1.3 -46.2 98.6 3.8 -51.0 -49.8 98.6 5.5 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government 0.7 0.0 -0.1 0.6 -45.9 98.8 3.8 -54.2 -44.3 96.2 3.7 8

 9 Private domestic -1.0 -1.1 0.9 0.7 -0.3 -0.3 0.0 3.2 -5.5 2.4 1.9 9

 10 Trade credit 102.5 60.3 -54.1 66.3 58.5 51.2 45.5 109.9 10.4 -52.9 -22.1 10

 11 Taxes payable -33.4 -8.4 -2.3 1.0 -16.9 39.2 8.8 -27.0 30.6 -36.9 -3.0 11

 12 Miscellaneous -111.7 158.0 431.8 -330.1 -500.1 -524.8 354.9 -650.5 -620.4 -1188.0 -286.9 12

 13 Nonfinancial -77.2 -48.0 49.2 12.4 58.4 -14.7 -91.0 97.1 150.3 181.4 92.1 13

 Nonfinancial components (sign reversed):

 14 Statistical discrepancy (NIPA) 72.2 43.1 -53.6 -17.0 -63.0 10.1 86.4 -101.7 -155.6 -186.8 -97.5 14

 15 Contr. for govt. soc. insur., U.S. affiliated areas 5.0 4.9 4.4 4.6 4.6 4.6 4.6 4.7 5.3 5.3 5.3 15