September 20, 2012

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

2005-2011

Board of Governors of the Federal Reserve System, Washington D.C. 20551 
Table of Contents

Flows Levels

Title Table Page Table Page

Summaries

Total Credit Market Borrowing and Lending F.1 1 L.1 55 

Credit Market Borrowing by Nonfinancial Sectors F.2 2 L.2 56 

Credit Market Borrowing by Financial Sectors F.3 2 L.3 56 

Credit Market Borrowing, All Sectors, by Instrument F.4 3 L.4 57 

Total Liabilities and Its Relation to Total Financial Assets F.5 3 L.5 57 

Distribution of Gross Domestic Product F.6 4 

Distribution of National Income F.7 5 

Saving and Investment F.8 6 

Net Capital Transfers F.9 7 

Derivation of Measures of Personal Saving F.10 8 L.10 58 

Sectors

Households and Nonprofit Organizations F.100 9 L.100 59 

Nonfinancial Business F.101 10 L.101 60 

 Nonfinancial Corporate Business F.102 11 L.102 61 

Nonfinancial Noncorporate Business F.103 12 L.103 62 

State and Local Governments F.104 13 L.104 63 

Federal Government F.105 14 L.105 64 

Rest of the World F.106 15 L.106 65 
Flows Levels

Title Table Page Table Page

Financial Business F.107 16 L.107 66 

Monetary Authority F.108 17 L.108 67 

Private Depository Institutions F.109 18 L.109 68 

 U.S.-Chartered Depository Institutions, ex. Credit Unions F.110 19 L.110 69 

 Foreign Banking Offices in U.S. F.111 20 L.111 70 

 Banks in U.S.-Affiliated Areas F.112 21 L.112 71 

 Credit Unions F.113 21 L.113 71 

Property-Casualty Insurance Companies F.114 22 L.114 72 

Life Insurance Companies F.115 22 L.115 72 

Private Pension Funds F.116 23 L.116 73 

State and Local Government Employee Retirement Funds F.117 24 L.117 74 

Federal Government Retirement Funds F.118 24 L.118 74 

Money Market Mutual Funds F.119 25 L.119 75 

Mutual Funds F.120 25 L.120 75 

Closed-End and Exchange-Traded Funds F.121 25 L.121 75 

Government-Sponsored Enterprises F.122 26 L.122 76

Agency- and GSE-Backed Mortgage Pools F.123 26 L.123 76 

Issuers of Asset-Backed Securities F.124 27 L.124 77 

Finance Companies F.125 27 L.125 77 

Real Estate Investment Trusts F.126 28 L.126 78 

Security Brokers and Dealers F.129 29 L.129 79 

Holding Companies F.112 30 L.112 80 

Funding Corporations F.130 31 L.130 81 
Flows Levels

Title Table Page Table Page 

Instruments 

U.S. Official Reserve Assets and SDR Allocations F.200 32 L.200 82 

Special Drawing Rights (SDRs) Certificates and Treasury Currency F.201 32 L.201 82 

U.S. Deposits in Foreign Countries F.202 32 L.202 82 

Net Interbank Transactions F.203 33 L.203 83 

Checkable Deposits and Currency F.204 34 L.204 84 

Time and Savings Deposits F.205 35 L.205 85 

Money Market Mutual Fund Shares F.206 35 L.206 85 

Federal Funds and Security Repurchase Agreements F.207 36 L.207 86 

Open Market Paper F.208 37 L.208 87 

Treasury Securities F.209 38 L.209 88 

Agency- and GSE-Backed Securities F.210 39 L.210 89

Municipal Securities and Loans F.211 40 L.211 90 

Corporate and Foreign Bonds F.212 41 L.212 91 

Corporate Equities F.213 42 L.213 92 

Mutual Fund Shares F.214 42 L.214 92 

Depository Institution Loans Not Elsewhere Classified F.215 43 L.215 93 

Other Loans and Advances F.216 44 L.216 94 

Total Mortgages F.217 45 L.217 95 

Home Mortgages F.218 46 L.218 96 

Multifamily Residential Mortgages F.219 46 L.219 96 

Commercial Mortgages F.220 47 L.220 97 

Farm Mortgages F.221 47 L.221 97 

Consumer Credit F.222 48 L.222 98 
Flows Levels

Title Table Page Table Page 

Trade Credit F.223 48 L.223 98 

Security Credit F.224 48 L.224 98 

Life Insurance and Pension Fund Reserves F.225 49 L.225 99 

Taxes Payable by Businesses F.226 49 L.226 99 

Proprietors' Equity in Noncorporate Business F.227 49 L.227 99 

Total Miscellaneous Financial Claims F.228 50 L.228 100 

 Identified Miscellaneous Financial Claims - Part I F.229 51 L.229 101 

 Identified Miscellaneous Financial Claims - Part II F.230 52 L.230 102 

Unidentified Miscellaneous Financial Claims F.231 53 L.231 103 

Sector Discrepancies F.11 54 

Instrument Discrepancies F.12 54 

Balance Reconciliation

Sheet

Title Table Page Table Page

Balance Sheet, Reconciliation, and 

Supplementary Tables 

Households and Nonprofit Organizations B.100 104 R.100 107 

Nonfarm Nonfinancial Corporate Business B.102 105 R.102 108 

Nonfarm Noncorporate Business B.103 106 R.103 109 

Balance Sheet of Households and Nonprofit Organizations 

with Equity Detail B.100.e 110 

Consolidated Statement for Federal, State, and Local Governments F.105.c 111 L.105.c 112 

Private Pension Funds: Defined Benefit Plans F.116.b 113 L.116.b 114 

Private Pension Funds: Defined Contribution Plans F.116.c 113 L.116.c 114 

Individual Retirement Accounts (IRAs) F.225.i 113 L.225.i 114 
FFA, 2005-2011, September 20, 2012 1

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Credit market borrowing 3547.3 4040.2 4527.0 2579.3 -535.4 572.8 938.4 1

 2 Domestic nonfinancial sectors 2321.2 2368.0 2541.0 1906.4 1063.3 1436.9 1325.9 2

 3 Household sector 1170.0 1150.9 856.9 -21.3 -228.8 -295.4 -209.1 3

 4 Nonfinancial corporate business 365.5 520.2 838.5 349.7 -129.0 276.0 538.5 4

 5 Nonfinancial noncorporate business 341.6 415.2 461.6 318.8 -134.3 -190.0 -12.8 5

 6 State and local governments 137.2 98.3 146.9 20.0 111.5 66.2 -58.6 6

 7 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 7

 8 Rest of the world 113.0 332.6 170.3 -226.2 211.8 75.3 34.8 8

 9 Financial sectors 1113.1 1339.7 1815.7 899.1 -1810.5 -939.4 -422.3 9

10 U.S.-chartered depository institutions 54.1 43.8 222.6 -1.1 -292.3 -161.2 -73.8 10

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

12 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 12

13 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 13

14 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 14

15 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 15

16 ABS issuers 731.0 800.0 351.9 -411.1 -738.7 -505.7 -247.0 16

17 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -174.9 11.4 17

18 REITs 55.4 15.5 10.2 -53.8 -50.0 -2.1 28.2 18

19 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 -37.9 19

20 Holding companies 50.1 75.0 151.9 97.3 -8.0 -16.5 -16.5 20

21 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.3 -64.6 21

22 Credit market lending 3547.3 4040.2 4527.0 2579.3 -535.4 572.8 938.4 22

23 Domestic nonfinancial sectors 405.1 153.5 537.2 -110.7 114.0 233.1 -526.5 23

24 Household sector 233.4 81.3 501.7 -32.1 -140.2 157.1 -400.2 24

25 Nonfinancial corporate business 42.4 -14.8 -77.9 -36.4 7.6 11.5 -14.5 25

26 Nonfinancial noncorporate business 11.4 -0.1 10.0 -10.9 -6.7 -3.4 -0.3 26

27 State and local governments 118.8 81.1 97.4 -116.5 -42.1 -17.1 -110.8 27

28 Federal government -0.9 5.9 5.9 85.2 295.4 85.0 -0.7 28

29 Rest of the world 752.0 973.6 943.8 357.7 142.6 621.0 360.0 29

30 Financial sectors 2390.2 2913.2 3046.0 2332.2 -792.0 -281.4 1104.9 30

31 Monetary authority 26.4 34.7 -38.3 245.4 1001.6 271.5 376.5 31

32 U.S.-chartered depository institutions 700.3 626.5 585.4 241.9 -336.7 -176.6 126.9 32

33 Foreign banking offices in U.S. 145.3 103.7 201.7 100.8 -285.8 -30.8 37.7 33

34 Banks in U.S.-affiliated areas 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 -4.9 34

35 Credit unions 36.1 30.1 35.3 39.9 33.2 24.6 35.3 35

36 Property-casualty insurance companies 72.8 44.8 5.3 -15.9 33.3 3.9 27.5 36

37 Life insurance companies 116.2 67.5 84.8 11.6 139.8 151.6 123.6 37

38 Private pension funds 45.3 58.4 102.5 90.6 111.6 59.4 49.1 38

39 State and local govt. retirement funds 18.1 114.6 12.3 13.3 -8.8 -8.2 18.3 39

40 Federal government retirement funds 8.0 8.7 12.6 23.9 7.4 10.8 20.0 40

41 Money market mutual funds -5.5 220.0 375.6 738.6 -644.0 -410.0 7.2 41

42 Mutual funds 124.1 184.9 271.1 73.3 380.7 374.3 427.4 42

43 Closed-end funds 2.2 6.0 -0.9 -40.7 10.7 5.0 -1.2 43

44 Exchange-traded funds 6.8 5.7 13.4 23.0 46.0 29.7 46.1 44

45 Government-sponsored enterprises -69.1 46.6 239.0 242.9 -337.8 -328.2 -199.7 45

46 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 46

47 ABS issuers 734.5 792.1 349.1 -394.6 -704.0 -496.0 -242.8 47

48 Finance companies 64.7 72.4 7.1 -81.9 -217.6 -117.7 -47.0 48

49 REITs 41.3 26.0 -19.9 -68.9 -8.7 37.1 102.9 49

50 Brokers and dealers 82.3 106.2 219.7 -85.7 -192.1 32.2 9.7 50

51 Holding companies -4.2 3.3 23.2 13.9 -16.0 22.1 3.1 51

52 Funding corporations 69.9 69.9 -49.8 665.6 -217.2 96.4 23.9 52

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 2005-2011, September 20, 2012

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Domestic 2321.2 2368.0 2541.0 1906.4 1063.3 1436.9 1325.9 1

 2 By instrument 2321.2 2368.0 2541.0 1906.4 1063.3 1436.9 1325.9 2

 3 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 3

 4 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 4

 5 Agency- and GSE-backed securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 5

 6 Municipal securities 193.6 168.3 235.9 95.3 154.5 97.7 -52.2 6

 7 Corporate bonds 54.2 208.3 311.1 205.5 387.6 422.8 384.6 7

 8 Depository institution loans n.e.c. 139.0 149.3 228.0 188.4 -303.1 -51.5 71.7 8

 9 Other loans and advances 117.2 150.1 305.5 67.8 -145.7 -84.3 71.1 9

10 Mortgages 1417.6 1371.0 1070.8 82.5 -285.0 -522.1 -337.1 10

11 Home 1113.9 1067.1 724.4 -114.3 -199.4 -353.7 -255.2 11

12 Multifamily residential 60.9 37.4 86.9 47.4 7.8 -13.2 5.0 12

13 Commercial 233.7 263.2 254.8 127.3 -89.9 -164.8 -91.8 13

14 Farm 9.1 3.3 4.6 22.0 -3.4 9.7 5.0 14

15 Consumer credit 100.4 115.2 141.3 20.1 -115.8 -30.5 86.4 15

16 By sector 2321.2 2368.0 2541.0 1906.4 1063.3 1436.9 1325.9 16

17 Household sector 1170.0 1150.9 856.9 -21.3 -228.8 -295.4 -209.1 17

18 Nonfinancial business 707.1 935.4 1300.1 668.5 -263.3 85.9 525.7 18

19 Corporate 365.5 520.2 838.5 349.7 -129.0 276.0 538.5 19

20 Noncorporate 341.6 415.2 461.6 318.8 -134.3 -190.0 -12.8 20

21 State and local governments 137.2 98.3 146.9 20.0 111.5 66.2 -58.6 21

22 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 22

23 Foreign borrowing in U.S. 113.0 332.6 170.3 -226.2 211.8 75.3 34.8 23

24 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 24

25 Bonds 64.5 227.8 218.7 -158.8 163.3 59.9 57.8 25

26 Depository institution loans n.e.c. 14.5 13.8 24.1 5.1 -11.2 17.9 29.2 26

27 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.2 1.4 27

28 Domestic and foreign 2434.2 2700.6 2711.3 1680.2 1275.1 1512.2 1360.7 28

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 1113.1 1339.7 1815.7 899.1 -1810.5 -939.4 -422.3 1

 2 Open market paper 214.2 196.3 -111.4 -125.6 -448.2 -101.7 -68.1 2

 3 GSE issues -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 3

 4 Agency- and GSE-backed mortgage pool sec. 164.5 292.6 623.3 497.0 415.3 186.9 165.3 4

 5 Corporate bonds 744.6 798.8 710.9 -280.5 -587.6 -583.3 -313.0 5

 6 Depository institution loans n.e.c. 15.5 -11.5 80.1 496.4 -435.4 -62.9 31.6 6

 7 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -144.7 -60.0 7

 8 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 8

 9 By sector 1113.1 1339.7 1815.7 899.1 -1810.5 -939.4 -422.3 9

10 U.S.-chartered depository institutions 54.1 43.8 222.6 -1.1 -292.3 -161.2 -73.8 10

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

12 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 12

13 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 13

14 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 14

15 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 15

16 ABS issuers 731.0 800.0 351.9 -411.1 -738.7 -505.7 -247.0 16

17 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -174.9 11.4 17

18 REITs 55.4 15.5 10.2 -53.8 -50.0 -2.1 28.2 18

19 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 -37.9 19

20 Holding companies 50.1 75.0 151.9 97.3 -8.0 -16.5 -16.5 20

21 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.3 -64.6 21
FFA, 2005-2011, September 20, 2012 3

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total 3547.3 4040.2 4527.0 2579.3 -535.4 572.8 938.4 1

 2 Open market paper 245.1 317.1 -169.4 -189.0 -461.9 -79.9 -88.2 2

 3 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 3

 4 Agency- and GSE-backed securities 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 4

 5 Municipal securities 193.6 168.3 235.9 95.3 154.5 97.7 -52.2 5

 6 Corporate and foreign bonds 863.4 1234.9 1240.7 -233.8 -36.7 -100.6 129.3 6

 7 Depository institution loans n.e.c. 169.0 151.7 332.1 689.9 -749.7 -96.5 132.5 7

 8 Other loans and advances 156.9 163.9 528.1 99.6 -428.0 -228.8 12.5 8

 9 Mortgages 1431.8 1377.6 1075.5 89.3 -281.6 -521.9 -328.0 9

10 Consumer credit 100.4 115.2 141.3 20.1 -115.8 -30.5 86.4 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 183.5 -32.1 -95.6 295.7 805.8 381.2 185.0 11

12 Corporate equities -76.7 -368.9 -460.3 264.8 315.3 -8.1 -218.1 12

13 Nonfinancial -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 -472.7 13

 Foreign shares purchased by

14 U.S. residents 186.7 137.3 147.8 -38.5 63.7 79.1 89.0 14

15 Financial 78.5 59.5 178.7 639.3 316.2 190.8 165.5 15

16 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 389.3 403.1 16

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

Billions of dollars

 Net flows through credit markets

 1 (from table F.4, line 1) 3547.3 4040.2 4527.0 2579.3 -535.4 572.8 938.4 1

 2 U.S. official reserve assets -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 2

 3 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 3

 4 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 4

 5 Foreign deposits 40.8 87.2 256.0 -394.3 -106.0 25.9 -32.4 5

 6 Net interbank transactions 13.7 28.1 -53.4 1823.0 -590.9 -174.4 854.6 6

 7 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 7

 8 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.4 577.3 8

 9 Large time deposits 284.4 261.2 283.4 -190.6 -141.8 -182.3 -204.6 9

10 Money market fund shares 127.0 305.3 720.9 724.2 -499.0 -502.9 -112.8 10

11 Security RPs 319.1 396.5 -19.2 -880.3 247.8 -192.5 -137.0 11

12 Corporate equities -76.7 -368.9 -460.3 264.8 315.3 -8.1 -218.1 12

13 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 389.3 403.1 13

14 Trade payables 340.8 189.1 202.0 -169.9 -23.2 188.8 221.5 14

15 Security credit 0.2 211.5 276.5 -397.9 -95.9 123.6 97.4 15

16 Life insurance reserves 16.1 65.6 34.2 67.0 26.5 17.2 94.1 16

17 Pension fund reserves 275.7 250.9 201.1 125.7 135.3 209.0 194.4 17

18 Taxes payable -4.7 22.5 -69.3 -123.8 -3.4 15.3 13.8 18

19 Noncorporate proprietors’ equity 5.6 60.6 18.4 -284.1 -17.9 28.4 -13.3 19

20 Miscellaneous 1177.5 1800.2 2530.1 2195.3 -396.7 1266.8 1190.2 20

21 Total financial sources 6632.7 8012.2 9164.6 6466.6 -582.9 2343.4 4117.0 21

 - Liabilities not identified as assets:

22 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 22

23 Foreign deposits 12.3 106.8 196.5 -347.1 -74.3 6.0 23.9 23

24 Net interbank liabilities 2.8 -3.8 3.8 60.7 29.0 -19.4 30.1 24

25 Security RPs 117.2 317.6 -224.8 -600.6 475.6 -71.3 -113.3 25

26 Taxes payable -45.4 17.5 -36.5 -64.0 -32.6 -10.5 -21.2 26

27 Miscellaneous -197.3 -664.0 -29.2 1888.9 -284.9 491.5 -64.8 27

 - Floats not included in assets:

28 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Federal govt. -6.6 -3.0 1.2 -3.3 0.7 0.0 -0.1 29

30 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 0.9 30

31 Trade credit -5.7 170.9 -26.0 26.1 102.8 82.4 26.3 31

 Totals identified to sectors

32 as assets 6753.0 8071.3 9280.9 5508.6 -793.9 1866.8 4235.8 32
4 FFA, 2005-2011, September 20, 2012

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross Domestic Product (GDP) 12623.0 13377.2 14028.7 14291.5 13973.7 14498.9 15075.7 1

 2 Personal consumption expenditures (2) 8803.5 9301.0 9772.3 10035.5 9845.9 10215.7 10729.0 2

 3 Durable goods 1123.4 1155.0 1188.4 1108.9 1029.6 1079.4 1146.4 3

 4 Nondurable goods 1953.4 2069.8 2175.5 2272.8 2164.8 2285.5 2478.4 4

 5 Services 5726.8 6076.3 6408.3 6653.8 6651.5 6850.9 7104.2 5

 6 Gross private domestic investment 2172.3 2327.1 2295.2 2087.6 1549.3 1737.3 1854.9 6

 7 Fixed investment 2122.3 2267.2 2266.1 2128.7 1703.5 1679.0 1818.3 7

 8 Nonresidential 1347.3 1505.3 1637.5 1656.3 1349.3 1338.4 1479.6 8

 9 Household sector (nonprofit organizations) 99.1 107.5 120.2 132.0 123.9 109.9 112.0 9

10 Nonfinancial corporate business 906.3 1026.9 1104.7 1130.9 903.0 918.1 1021.5 10

11 Nonfinancial noncorporate business 186.7 208.2 225.0 198.4 158.0 155.6 173.3 11

12 Financial institutions 155.3 162.7 187.5 195.0 164.4 154.8 172.9 12

13 Residential 775.0 761.9 628.7 472.4 354.1 340.6 338.7 13

14 Household sector 681.9 670.1 541.7 397.2 295.5 288.9 286.4 14

15 Nonfinancial corporate business 4.2 3.1 15.7 5.5 4.4 -1.0 -2.5 15

16 Nonfinancial noncorporate business 86.4 85.0 80.5 69.6 54.3 48.0 48.6 16

17 REITs 2.5 3.5 -9.3 0.1 -0.1 4.7 6.3 17

18 Change in private inventories 50.0 60.0 29.1 -41.1 -154.2 58.4 36.6 18

19 Nonfinancial corporate business 47.4 59.9 28.2 -40.2 -145.3 60.7 39.1 19

20 Nonfinancial noncorporate business 2.6 0.0 0.9 -0.9 -8.9 -2.3 -2.5 20

21 Net U.S. exports of goods and services -722.7 -769.3 -713.1 -709.7 -388.7 -511.6 -568.1 21

22 Exports 1305.1 1471.0 1661.7 1846.8 1587.4 1844.4 2094.2 22

23 - Imports 2027.8 2240.3 2374.8 2556.5 1976.2 2356.1 2662.3 23

 Government consumption expenditures and

24 gross investment 2369.9 2518.4 2674.2 2878.1 2967.2 3057.5 3059.8 24

25 Consumption expenditures (3) 1977.9 2093.3 2217.8 2381.0 2460.3 2552.0 2579.5 25

26 Federal 765.8 811.0 848.9 931.7 987.0 1055.8 1061.5 26

27 State and local 1212.0 1282.3 1368.9 1449.2 1473.3 1496.2 1518.0 27

28 Gross investment (3) 392.0 425.1 456.5 497.2 506.9 505.5 480.2 28

29 Federal 110.5 120.7 127.4 148.4 156.6 167.3 160.5 29

30 State and local 281.6 304.4 329.0 348.8 350.3 338.2 319.7 30

 Memo:

31 Net U.S. income receipts from rest of the world 97.1 72.4 123.3 169.2 143.5 209.3 251.9 31

32 U.S. income receipts 573.0 721.1 871.0 856.1 642.4 716.5 783.7 32

33 - U.S. income payments 475.9 648.6 747.7 686.9 498.9 507.2 531.8 33

 Gross National Product (GNP) =

34 GDP + net U.S. income receipts 12720.1 13449.6 14151.9 14460.7 14117.2 14708.2 15327.5 34

 Acquisition of nonproduced nonfinancial assets (net)

35 Household sector -9.2 -10.2 -11.3 -11.2 -9.9 -9.2 -9.3 35

36 Nonfinancial corporate business -0.6 12.5 -1.7 16.3 4.4 -2.6 -2.1 36

37 State and local governments 10.3 11.1 13.8 14.1 12.7 11.5 11.5 37

38 Federal governments -0.5 -13.3 -1.3 -19.2 -7.1 0.2 -0.1 38

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

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

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

(3) Government inventory investment is included in consumption expenditures.
FFA, 2005-2011, September 20, 2012 5

F.7 Distribution of National Income (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 National Income 11273.8 12031.2 12396.4 12609.1 12132.6 12811.4 13358.9 1

 2 Compensation of employees 7065.0 7477.0 7855.9 8068.3 7799.4 7970.0 8295.2 2

 3 Wages and other labor income 6632.6 7029.0 7402.2 7603.2 7337.5 7501.9 7800.3 3

 4 Employer social insurance contributions 427.5 446.7 459.9 470.1 456.9 468.1 494.9 4

 5 Wage accruals less disbursements 5.0 1.3 -6.3 -5.0 5.0 0.0 0.0 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 1069.8 1133.0 1090.4 1097.9 979.4 1103.4 1157.3 6

 Rental income of persons (with capital

 7 consumption adjustment) 178.2 146.5 143.7 231.6 289.7 349.2 409.7 7

 Corporate profits with inventory

 8 valuation and capital consumption adjustments 1456.1 1608.3 1510.6 1248.4 1342.3 1702.4 1827.0 8

 Corporate profits with inventory

 9 valuation adjustment 1609.5 1784.7 1691.1 1315.5 1443.6 1777.7 1791.6 9

10 Profits before tax 1640.2 1822.7 1738.4 1359.9 1440.5 1816.3 1854.1 10

11 Domestic nonfinancial 957.1 1117.9 1042.0 831.2 712.9 990.5 1007.0 11

12 Domestic financial 443.6 448.0 345.5 122.2 374.8 424.3 408.3 12

13 Rest of the world 239.4 256.8 350.9 406.6 352.8 401.6 438.9 13

 Less:

14 Taxes on corporate income 412.4 473.3 445.5 309.0 269.4 373.3 379.0 14

15 Domestic nonfinancial 271.9 307.6 293.8 227.4 177.8 222.9 246.8 15

16 Domestic financial 140.5 165.6 151.7 81.6 91.6 150.4 132.2 16

 Equals:

17 Profits after tax 1227.8 1349.5 1292.9 1050.9 1171.1 1443.0 1475.1 17

18 Net dividends 557.3 704.8 794.5 786.9 554.1 600.9 697.2 18

19 Domestic nonfinancial 170.9 471.1 484.6 474.1 351.7 385.7 425.3 19

20 Domestic financial 125.6 155.7 165.2 132.2 90.5 95.3 128.7 20

21 Rest of the world 260.9 77.9 144.8 180.5 111.9 119.9 143.2 21

22 Undistributed profits 670.5 644.7 498.4 264.0 617.0 842.1 777.9 22

23 Domestic nonfinancial 514.4 339.1 263.6 129.6 183.4 381.9 334.8 23

24 Domestic financial 177.4 126.6 28.7 -91.7 192.7 178.5 147.3 24

25 Rest of the world -21.4 178.9 206.1 226.1 240.9 281.7 295.7 25

26 Inventory valuation adjustment -30.7 -38.0 -47.2 -44.5 3.2 -38.7 -62.6 26

27 Capital consumption adjustment -153.4 -176.4 -180.5 -67.1 -101.3 -75.2 35.4 27

28 Domestic nonfinancial -128.8 -156.0 -158.8 -31.7 -55.4 -34.7 62.7 28

29 Domestic financial -24.6 -20.4 -21.7 -35.4 -45.9 -40.5 -27.3 29

30 Net interest and miscellaneous payments 543.1 652.2 731.6 870.1 640.5 567.9 527.4 30

31 Taxes on production and imports 930.2 986.8 1027.2 1038.6 1023.2 1055.0 1097.9 31

32 Less: Subsidies 60.9 51.4 54.6 52.9 59.7 57.0 61.6 32

33 Business current transfer payments (net) 95.9 83.0 103.3 123.0 133.4 140.0 132.6 33

34 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.0 -15.6 -19.5 -26.5 34

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

35 National Income, from line 1 above 11273.8 12031.2 12396.4 12609.1 12132.6 12811.4 13358.9 35

 Plus:

36 Private consumption of fixed capital 1290.8 1391.4 1476.2 1542.9 1542.8 1539.9 1587.4 36

37 Government consumption of fixed capital 250.6 269.3 291.3 311.2 323.5 333.5 349.4 37

38 Statistical discrepancy -95.1 -242.3 -12.0 -2.4 118.3 23.3 31.9 38

 Less:

39 Net U.S. income receipts from rest of the world 97.1 72.4 123.3 169.2 143.5 209.3 251.9 39

 Equals:

40 Gross Domestic Product 12623.0 13377.2 14028.7 14291.5 13973.7 14498.9 15075.7 40

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
6 FFA, 2005-2011, September 20, 2012

F.8 Saving and Investment by Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 1918.9 2196.1 2047.7 1908.2 1555.8 1770.7 1837.5 1

 2 Net saving 377.5 535.4 280.2 54.1 -310.5 -102.8 -99.3 2

 3 Net private saving 634.6 688.1 513.2 739.8 1032.0 1294.9 1240.1 3

 4 Domestic business 486.4 430.3 270.7 152.5 518.8 728.2 750.7 4

 5 Nonfinancial corporate business 338.6 295.4 226.3 237.5 324.3 533.1 572.5 5

 6 Financial business 147.7 134.8 44.3 -85.0 194.5 195.1 178.2 6

 7 Households and institutions 148.2 257.9 242.5 587.3 513.2 566.7 489.4 7

 8 Net government saving -257.1 -152.7 -233.0 -685.7 -1342.6 -1397.7 -1339.4 8

 9 Federal -283.0 -203.8 -245.2 -613.5 -1229.3 -1308.0 -1237.4 9

10 State and local 25.9 51.0 12.2 -72.2 -113.2 -89.7 -102.0 10

11 Consumption of fixed capital 1541.4 1660.7 1767.5 1854.1 1866.3 1873.4 1936.8 11

12 Private 1290.8 1391.4 1476.2 1542.9 1542.8 1539.9 1587.4 12

13 Domestic business 1045.7 1123.3 1190.7 1248.3 1250.0 1245.0 1285.7 13

14 Nonfinancial corporate business 743.0 800.9 840.1 864.3 862.5 860.1 893.7 14

15 Nonfinancial noncorporate business 175.5 189.6 210.1 211.3 211.0 209.9 215.0 15

16 Financial business 127.3 132.8 140.6 172.7 176.6 175.0 177.0 16

17 Households and institutions 245.1 268.1 285.5 294.6 292.7 294.9 301.7 17

18 Government 250.6 269.3 291.3 311.2 323.5 333.5 349.4 18

19 Federal 100.4 106.6 112.6 120.0 124.8 130.2 137.0 19

20 State and local 150.1 162.7 178.7 191.2 198.8 203.3 212.4 20

 Gross domestic investment, capital account

21 transactions, and net lending, NIPAs 1823.8 1953.8 2035.7 1905.8 1674.1 1794.0 1869.4 21

22 Gross domestic investment 2564.3 2752.2 2751.7 2584.8 2056.2 2242.9 2335.1 22

23 Gross private domestic investment 2172.3 2327.1 2295.2 2087.6 1549.3 1737.3 1854.9 23

24 Domestic business 1391.3 1549.5 1633.3 1558.4 1129.8 1338.5 1456.5 24

25 Nonfinancial corporate business 998.0 1139.1 1162.2 1096.2 762.0 982.4 1064.3 25

26 Nonfinancial noncorporate business 238.0 247.7 283.7 267.2 203.4 201.3 219.3 26

27 Financial business 155.3 162.7 187.5 195.0 164.4 154.8 172.9 27

28 Households and institutions 781.0 777.7 661.9 529.2 419.4 398.8 398.4 28

29 Gross government investment 392.0 425.1 456.5 497.2 506.9 505.5 480.2 29

30 Federal 110.5 120.7 127.4 148.4 156.6 167.3 160.5 30

31 State and local 281.6 304.4 329.0 348.8 350.3 338.2 319.7 31

32 Capital account transactions (net) (2) -12.9 2.1 -0.1 -5.4 0.6 0.7 1.7 32

33 Private -32.6 19.0 -10.0 -71.0 -141.8 -80.7 -70.4 33

34 Domestic business -1.5 12.5 -1.7 -51.2 -85.3 -30.6 -41.7 34

35 Nonfinancial corporate business -16.1 12.5 -1.7 12.6 42.6 18.6 -7.8 35

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

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

38 Households and institutions -31.2 6.5 -8.3 -19.8 -56.6 -50.1 -28.7 38

39 Government 19.8 -17.0 10.0 65.6 142.4 81.4 72.1 39

40 Federal 59.3 29.3 55.0 114.3 196.2 145.4 133.1 40

41 State and local -39.5 -46.3 -45.1 -48.7 -53.8 -64.0 -61.0 41

42 Net lending (+) or net borrowing (-), NIPAs (3) -727.7 -800.5 -715.9 -673.6 -382.7 -449.5 -467.5 42

43 Private -309.4 -508.9 -307.8 263.7 1285.6 1201.5 1074.8 43

44 Domestic business 47.2 -250.7 -182.2 -108.8 842.6 688.6 653.5 44

45 Nonfinancial corporate business (3) 4.6 -297.5 -106.0 -9.5 500.4 415.4 441.5 45

46 Nonfinancial noncorporate business -49.5 -58.2 -73.6 -52.6 13.6 16.4 -2.7 46

47 Financial business 92.0 104.9 -2.6 -46.7 328.6 256.8 214.7 47

48 Households and institutions -356.6 -258.2 -125.7 372.6 443.0 512.9 421.3 48

49 Government -418.3 -291.6 -408.1 -937.3 -1668.3 -1651.0 -1542.3 49

50 Federal -352.4 -247.2 -315.0 -756.2 -1457.4 -1490.5 -1394.1 50

51 State and local -66.0 -44.3 -93.1 -181.1 -210.9 -160.5 -148.2 51

52 Statistical discrepancy (line 21 less line 1) -95.1 -242.3 -12.0 -2.4 118.3 23.3 31.9 52

 Addenda:

53 Disaster losses 110.4 0.0 0.0 19.1 0.0 0.0 0.0 53

54 Private 99.2 0.0 0.0 19.1 0.0 0.0 0.0 54

55 Domestic business 48.8 0.0 0.0 10.8 0.0 0.0 0.0 55

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

57 Government 11.2 0.0 0.0 0.0 0.0 0.0 0.0 57

58 Federal 0.5 0.0 0.0 0.0 0.0 0.0 0.0 58

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

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

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

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

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
FFA, 2005-2011, September 20, 2012 7

F.9 Net Capital Transfers (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Capital transfers paid, by sector 165.7 103.6 114.5 209.6 289.3 205.8 157.3 1

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

 3 Financial corporations 28.9 0.0 0.0 7.6 0.0 0.0 0.0 3

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

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 40.4 25.8 0.0 6

 7 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 By government 91.2 70.5 82.8 161.8 223.9 160.2 142.8 8

 9 Federal 84.8 70.5 82.8 161.8 223.9 160.2 142.8 9

10 Investment grants to state and local govts. 48.9 52.1 53.7 57.1 62.0 70.7 67.6 10

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

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

13 Other capital transfers paid to business 0.0 0.0 0.0 0.1 8.1 12.3 7.3 13

14 Other capital transfers paid to persons 15.9 16.4 28.7 33.3 31.3 35.0 33.9 14

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

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

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

18 By persons 30.3 33.1 31.7 34.0 25.0 19.8 14.5 18

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

20 Estate and gift taxes, state and local 5.3 5.3 5.3 5.8 4.4 4.7 4.9 20

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

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

23 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital transfers received, by sector 165.7 103.6 114.5 209.6 289.3 205.8 157.3 24

25 By private business 29.7 0.0 0.0 75.0 130.0 53.8 39.7 25

26 Financial corporations 1.1 0.0 0.0 68.1 121.9 41.5 32.4 26

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

28 Other 0.0 0.0 0.0 67.7 121.9 41.5 32.4 28

29 Nonfinancial corporations 15.5 0.0 0.0 3.7 2.1 4.6 5.7 29

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

31 Other 0.0 0.0 0.0 0.1 2.1 4.6 5.7 31

32 Noncorporate business 13.1 0.0 0.0 3.3 6.0 7.8 1.6 32

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

34 Other 0.0 0.0 0.0 0.0 6.0 7.8 1.6 34

35 By government 81.2 85.2 85.4 91.1 87.1 90.7 82.1 35

36 Federal 25.0 27.8 26.5 28.3 20.6 15.1 9.6 36

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

38 State and local 56.2 57.4 58.9 62.8 66.5 75.6 72.5 38

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

40 Estate and gift taxes paid by persons 5.3 5.3 5.3 5.8 4.4 4.7 4.9 40

41 Investment grants paid by federal government 48.9 52.1 53.7 57.1 62.0 70.7 67.6 41

42 Other 0.0 0.0 0.0 0.0 0.0 0.2 0.0 42

43 By persons 52.2 16.4 28.7 42.6 71.7 60.7 33.9 43

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

45 Other 15.9 16.4 28.7 33.3 71.7 60.7 33.9 45

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

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

48 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

 Addenda: Net capital transfers paid by sector

49 By private business (lines 2-25) -0.9 -0.0 -0.0 -67.5 -89.6 -28.0 -39.7 49

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

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

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

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

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

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

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

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

58 Nonfinancial corporations (lines 6-29) -15.5 -0.0 -0.0 -3.7 38.3 21.2 -5.7 58

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

60 By government (lines 8-35) 10.0 -14.7 -2.6 70.6 136.8 69.6 60.7 60

61 Federal (lines 9-36) 59.8 42.7 56.3 133.5 203.3 145.2 133.2 61

62 State and local (lines 16-38) -49.8 -57.4 -58.9 -62.8 -66.5 -75.6 -72.5 62

63 By persons (lines 18-43) -21.9 16.8 3.0 -8.6 -46.6 -40.9 -19.4 63

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

(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Flow of Funds Accounts.
8 FFA, 2005-2011, September 20, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net acquisition of financial assets 1241.2 1224.8 1504.1 744.6 134.5 380.7 748.5 1

 2 Foreign deposits 2.4 5.2 15.4 -23.7 -6.4 1.6 -1.9 2

 3 Checkable deposits and currency -37.6 34.6 -7.7 228.2 44.4 -45.4 291.9 3

 4 Time and savings deposits 506.0 505.8 496.0 203.0 122.8 188.1 377.9 4

 5 Money market fund shares 47.6 168.4 234.4 236.2 -270.4 -177.5 -22.0 5

 6 Securities 37.7 -312.4 -121.5 -144.4 265.9 234.0 -262.4 6

 7 Open market paper 14.7 19.0 -10.2 -101.3 28.7 28.8 -5.3 7

 8 U.S. savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 8

 9 Treasury bills and other Treasury securities -99.2 -95.3 -59.1 138.4 407.9 370.4 -265.6 9

10 Agency- and GSE-backed securities 113.5 -50.5 324.6 89.5 -565.3 1.3 -25.3 10

11 Municipal securities 76.7 42.4 42.4 40.7 128.5 57.3 -61.4 11

12 Corporate and foreign bonds 122.2 186.7 216.3 -218.3 -127.8 -287.4 -26.7 12

13 Corporate equities (2) -365.5 -579.0 -842.3 -99.1 90.7 -136.1 -173.9 13

14 Mutual fund shares 174.5 167.0 212.8 8.3 305.9 203.0 298.4 14

15 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 86.9 15

16 Pension fund reserves 275.7 250.9 201.1 125.7 135.3 209.0 194.4 16

17 Miscellaneous and other assets 393.2 514.4 668.4 57.9 -180.9 -38.0 83.7 17

18 Gross investment in nonfinancial assets 2094.7 2136.4 2063.9 1826.4 1587.9 1599.8 1680.0 18

19 Residential fixed investment 768.3 755.2 622.2 466.8 349.8 336.9 335.0 19

20 Nonresidential fixed investment 285.8 315.8 345.3 330.4 281.9 265.5 285.2 20

21 Consumer durables 1047.2 1075.7 1106.8 1041.3 975.1 1008.9 1071.6 21

22 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.2 -9.9 -9.2 -9.3 22

23 Inventories 2.6 0.0 0.9 -0.9 -8.9 -2.3 -2.5 23

24 Consumption of fixed capital 1197.7 1272.3 1346.1 1412.4 1421.1 1420.6 1454.9 24

25 Residential fixed investment 236.8 258.9 269.8 272.2 266.2 267.2 271.0 25

26 Nonresidential fixed investment 163.1 176.6 202.2 233.7 237.5 237.6 245.7 26

27 Consumer durables 797.8 836.9 874.0 906.5 917.4 915.8 938.1 27

28 Net investment in nonfinancial assets (3) 897.0 864.1 717.8 414.0 166.8 179.3 225.2 28

29 Residential fixed investment 531.6 496.3 352.4 194.7 83.7 69.7 64.0 29

30 Nonresidential fixed investment 122.6 139.2 143.0 96.7 44.4 27.9 39.5 30

31 Consumer durables 249.5 238.8 232.8 134.8 57.7 93.1 133.4 31

32 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.2 -9.9 -9.2 -9.3 32

33 Inventories 2.6 0.0 0.9 -0.9 -8.9 -2.3 -2.5 33

34 Net increase in liabilities 1695.2 1808.0 1491.6 288.8 -279.8 -375.2 -228.9 34

35 Home mortgages 1106.3 1058.9 721.6 -104.1 -187.0 -346.9 -251.8 35

36 Other mortgages 117.7 226.9 286.4 230.9 21.9 -94.7 -49.4 36

37 Consumer credit 100.4 115.2 141.3 20.1 -115.8 -30.5 86.4 37

38 Policy loans 0.8 3.3 3.6 5.9 0.7 3.4 2.4 38

39 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.7 39

40 Other liabilities 401.6 344.1 305.3 296.8 -37.7 18.4 23.1 40

41 Net capital transfers paid (4) -35.0 16.8 3.0 -11.9 -52.6 -48.7 -21.0 41

42 Personal saving, FOF concept (FOF) 408.0 297.6 733.4 858.0 528.5 886.5 1181.6 42

43 - Net investment in consumer durables 249.5 238.8 232.8 134.8 57.7 93.1 133.4 43

44 - Government insurance and pension fund reserves (5) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 44

45 = Personal saving, NIPA concept (FOF) (6) 157.9 58.7 500.5 723.8 470.4 795.1 1048.5 45

46 Personal saving, NIPA concept (NIPA) 143.2 256.6 248.7 592.3 508.2 566.7 489.4 46

47 Difference 14.7 -197.9 251.7 131.5 -37.8 228.4 559.2 47

 Memo:

48 Disposable personal income 9277.3 9915.7 10423.6 11024.5 10722.4 11127.1 11549.3 48

 Personal saving as a percentage of disposable personal income:

49 FOF concept (FOF data) (line 42) 4.4 3.0 7.0 7.8 4.9 8.0 10.2 49

50 NIPA concept (FOF data) (line 45) 1.7 0.6 4.8 6.6 4.4 7.1 9.1 50

51 NIPA concept (NIPA data) (line 46) 1.5 2.6 2.4 5.4 4.7 5.1 4.2 51

52 Difference (line 47) 0.2 -2.0 2.4 1.2 -0.4 2.1 4.8 52

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

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

(3) Line 18 less line 24.

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

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

(6) Line 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 44) plus

 net investment in nonfinancial assets net of consumer durables (line 28 less line 43) less net increase in liabilities (line 34) plus net capital transfers paid (line 41). Line 46 is disposable personal income (line 48) less

 personal outlays (table F.100, line 4).
FFA, 2005-2011, September 20, 2012 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Personal income 10485.9 11268.1 11912.3 12460.2 11867.0 12321.9 12947.3 1

 2 - Personal current taxes 1208.6 1352.4 1488.7 1435.7 1144.6 1194.8 1398.0 2

 3 = Disposable personal income 9277.3 9915.7 10423.6 11024.5 10722.4 11127.1 11549.3 3

 4 - Personal outlays 9134.1 9659.1 10174.9 10432.2 10214.3 10560.4 11059.9 4

 5 = Personal saving, NIPA (2) 143.2 256.6 248.7 592.3 508.2 566.7 489.4 5

 6 + Government insurance and pension reserves (3) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 6

 7 + Net investment in consumer durables 249.5 238.8 232.8 134.8 57.7 93.1 133.4 7

 8 + Consumption of fixed capital 1047.3 1110.0 1161.8 1201.2 1210.1 1210.7 1239.8 8

 9 - Net capital transfers paid (4) -21.9 16.8 3.0 -8.6 -46.6 -40.9 -19.4 9

10 = Gross saving less net capital transfers paid 1462.6 1588.8 1640.4 1936.2 1823.1 1909.7 1881.6 10

11 Gross investment 1477.3 1390.9 1892.2 2067.7 1785.2 2138.0 2440.8 11

12 Capital expenditures 1819.0 1843.1 1757.4 1559.3 1384.6 1398.5 1460.7 12

13 Residential 681.9 670.1 541.7 397.2 295.5 288.9 286.4 13

14 Consumer durable goods 1047.2 1075.7 1106.8 1041.3 975.1 1008.9 1071.6 14

15 Nonprofit nonresidential 99.1 107.5 120.2 132.0 123.9 109.9 112.0 15

16 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.2 -9.9 -9.2 -9.3 16

17 Net lending (+) or net borrowing (-) -341.7 -452.2 134.8 508.4 400.7 739.5 980.1 17

18 Net acquisition of financial assets 810.7 772.4 1040.7 351.8 221.1 543.3 744.9 18

19 Foreign deposits 2.4 5.2 15.4 -23.7 -6.4 1.6 -1.9 19

20 Checkable deposits and currency -114.2 -40.0 -74.6 224.4 24.0 -25.6 292.3 20

21 Time and savings deposits 482.5 485.5 481.1 204.2 127.6 201.5 379.1 21

22 Money market fund shares 45.2 165.2 232.2 235.1 -268.7 -174.7 -21.8 22

23 Credit market instruments 233.4 81.3 501.7 -32.1 -140.2 157.1 -400.2 23

24 Open market paper 14.7 19.0 -10.2 -101.3 28.7 28.8 -5.3 24

25 Treasury securities -104.5 -98.2 -68.1 143.5 410.8 368.9 -268.1 25

26 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 26

27 Other -105.2 -95.4 -62.1 146.0 413.6 372.2 -265.4 27

28 Agency- and GSE-backed securities 113.5 -50.5 324.6 89.5 -565.3 1.3 -25.3 28

29 Municipal securities 76.6 41.1 42.9 41.0 128.4 57.5 -61.4 29

30 Corporate and foreign bonds 122.2 186.7 216.3 -218.3 -127.8 -287.4 -26.7 30

31 Other loans and advances (5) 2.7 0.4 8.5 12.2 -5.3 -0.6 -2.8 31

32 Mortgages 8.1 -17.3 -12.3 1.4 -9.7 -11.3 -10.7 32

33 Corporate equities (6) -365.5 -579.0 -842.3 -99.1 90.7 -136.1 -173.9 33

34 Mutual fund shares 174.5 167.0 212.8 8.3 305.9 203.0 298.4 34

35 Security credit -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 35

36 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 86.9 36

37 Pension fund reserves 275.7 250.9 201.1 125.7 135.3 209.0 194.4 37

38 Equity in noncorporate business 5.6 60.6 18.4 -284.1 -17.9 28.4 -13.3 38

39 Miscellaneous assets 58.0 37.4 66.1 55.1 21.1 44.4 46.8 39

40 Net increase in liabilities 1152.4 1224.6 905.9 -156.6 -179.6 -196.2 -235.2 40

41 Credit market instruments 1170.0 1150.9 856.9 -21.3 -228.8 -295.4 -209.1 41

42 Home mortgages (7) 1038.7 984.7 687.6 -57.1 -145.5 -305.3 -229.3 42

43 Consumer credit 100.4 115.2 141.3 20.1 -115.8 -30.5 86.4 43

44 Municipal securities 14.8 16.3 20.6 8.0 6.0 -2.3 -7.8 44

45 Depository institution loans n.e.c. (8) 8.2 12.0 -9.1 4.6 33.0 52.4 -53.9 45

46 Other loans and advances 0.0 4.8 3.2 6.2 0.5 2.4 1.9 46

47 Commercial mortgages 7.8 17.9 13.3 -3.0 -6.9 -12.1 -6.4 47

48 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.7 48

49 Trade payables 13.0 13.6 14.6 22.2 16.0 21.4 14.0 49

 Deferred and unpaid

50 life insurance premiums 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 50

51 Discrepancy -14.7 197.9 -251.7 -131.5 37.8 -228.4 -559.2 51

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

(8) 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 17.
10 FFA, 2005-2011, September 20, 2012

F.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Income before taxes 2087.3 2314.0 2208.0 2030.6 1792.6 2206.9 2290.1 1

 2 Gross saving less net capital transfers paid 1258.8 1256.1 1251.0 1318.9 1364.5 1589.0 1688.1 2

 3 Gross investment 1100.8 1126.4 1125.1 384.0 1545.4 1332.0 1504.6 3

 4 Capital expenditures 1233.0 1395.8 1453.4 1379.6 969.9 1176.5 1275.3 4

 5 Fixed investment 1183.6 1323.3 1426.0 1404.4 1119.7 1120.7 1240.8 5

 6 Residential 90.6 88.2 96.2 75.1 58.8 47.0 46.1 6

 7 Nonresidential 1093.0 1235.1 1329.8 1329.3 1060.9 1073.7 1194.7 7

 8 Change in inventories 50.0 60.0 29.1 -41.1 -154.2 58.4 36.6 8

 9 Nonproduced nonfinancial assets -0.6 12.5 -1.7 16.3 4.4 -2.6 -2.1 9

10 Net lending (+) or net borrowing (-) -132.1 -269.4 -328.3 -995.6 575.6 155.6 229.2 10

11 Net acquisition of financial assets 1383.0 1220.7 1554.3 -506.7 206.5 634.5 845.8 11

12 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.6 -7.1 12

13 Checkable deposits and currency 137.5 -42.5 59.3 -108.8 160.3 136.0 68.6 13

14 Time and savings deposits 73.4 66.9 -40.7 -60.7 102.1 9.1 24.1 14

15 Money market fund shares 55.1 72.2 129.4 163.2 -70.6 -159.7 -33.0 15

16 Security RPs 8.1 1.0 -7.5 -0.9 0.7 4.2 0.7 16

17 Credit market instruments 53.8 -14.9 -67.9 -47.2 0.9 8.1 -14.8 17

18 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 11.8 -8.5 18

19 Treasury securities 24.1 -6.5 -4.1 -15.4 6.8 3.1 -0.4 19

20 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 1.6 -0.1 20

21 Municipal securities 0.4 -2.7 0.6 -3.4 1.1 -3.2 -4.5 21

22 Mortgages 7.0 -10.0 -11.0 -10.7 -5.3 -2.9 -1.6 22

23 Consumer credit 0.4 -5.2 2.2 -3.0 -4.6 -2.3 0.4 23

24 Mutual fund shares 0.7 23.6 -4.8 -16.7 35.5 11.2 -11.2 24

25 Trade receivables 344.2 24.9 216.6 -170.7 -54.9 116.2 184.1 25

26 Miscellaneous assets 700.3 1103.8 1269.1 -239.3 25.8 499.7 634.4 26

27 Net increase in liabilities 1515.1 1490.1 1882.7 488.9 -369.1 478.9 616.6 27

28 Credit market instruments 707.1 935.4 1300.1 668.5 -263.3 85.9 525.7 28

29 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 29

30 Municipal securities 42.2 54.3 69.0 68.2 37.8 34.7 15.1 30

31 Corporate bonds 54.2 208.3 311.1 205.5 387.6 422.8 384.6 31

32 Depository institution loans n.e.c. 130.8 137.3 237.1 183.7 -336.0 -103.8 125.6 32

33 Other loans and advances 116.5 144.7 301.6 60.8 -147.0 -87.6 68.3 33

34 Mortgages 371.1 368.4 369.9 142.7 -132.6 -204.7 -101.3 34

35 Corporate equities -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 -472.7 35

36 Trade payables 248.7 123.4 111.1 -219.3 -77.7 144.1 176.6 36

37 Taxes payable 6.9 8.2 -45.8 9.8 -9.5 2.3 4.5 37

38 Miscellaneous liabilities 887.4 921.3 1288.1 661.4 60.2 496.5 394.1 38

39 Proprietors’ net investment 6.8 67.4 16.0 -295.6 -14.2 28.1 -11.7 39

40 Discrepancy 158.0 129.7 126.0 934.9 -180.9 257.0 183.5 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
FFA, 2005-2011, September 20, 2012 11

F.102 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Profits before tax (book) 957.1 1117.9 1042.0 831.2 712.9 990.5 1007.0 1

 2 - Taxes on corporate income 271.9 307.6 293.8 227.4 177.8 222.9 246.8 2

 3 - Net dividends 170.9 471.1 484.6 474.1 351.7 385.7 425.3 3

 4 + Capital consumption allowance (1) 613.7 643.8 681.8 831.6 805.5 823.3 954.9 4

 5 = U.S. internal funds, book 1128.1 982.9 945.4 961.2 988.9 1205.1 1289.8 5

 6 + Foreign earnings retained abroad -17.5 148.9 168.5 183.9 193.8 226.1 238.5 6

 7 + Inventory valuation adjustment (IVA) -30.7 -38.0 -47.2 -44.5 3.2 -38.7 -62.6 7

 8 - Net capital transfers paid (2) -15.5 -0.0 -0.0 -3.7 38.3 21.2 -5.7 8

 9 = Total internal funds + IVA 1095.4 1093.7 1066.8 1104.4 1147.5 1371.4 1471.4 9

10 Gross investment 937.4 964.1 940.8 169.5 1328.5 1114.3 1287.9 10

11 Capital expenditures 957.3 1102.5 1146.9 1112.4 766.5 975.2 1056.0 11

12 Fixed investment (3) 910.5 1030.0 1120.4 1136.4 907.4 917.1 1018.9 12

13 Inventory change + IVA 47.4 59.9 28.2 -40.2 -145.3 60.7 39.1 13

14 Nonproduced nonfinancial assets -0.6 12.5 -1.7 16.3 4.4 -2.6 -2.1 14

15 Net lending (+) or net borrowing (-) -19.8 -138.4 -206.1 -943.0 562.0 139.2 231.9 15

16 Net acquisition of financial assets 945.7 700.9 1074.9 -604.0 307.3 769.0 853.9 16

17 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.6 -7.1 17

18 Checkable deposits and currency 60.8 -117.2 -7.6 -112.6 139.8 155.8 69.0 18

19 Time and savings deposits 49.9 46.6 -55.7 -59.4 106.9 22.6 25.3 19

20 Money market fund shares 52.7 69.1 127.2 162.2 -69.0 -156.9 -32.8 20

21 Security RPs 8.1 1.0 -7.5 -0.9 0.7 4.2 0.7 21

22 Credit market instruments 42.4 -14.8 -77.9 -36.4 7.6 11.5 -14.5 22

23 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 11.8 -8.5 23

24 Treasury securities 18.1 -6.7 -7.1 -7.9 12.5 4.9 -0.2 24

25 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 1.6 -0.1 25

26 Municipal securities 0.3 -4.0 1.1 -3.0 0.9 -3.0 -4.5 26

27 Mortgages 1.7 -8.4 -18.4 -7.7 -4.1 -1.5 -1.5 27

28 Consumer credit 0.4 -5.2 2.2 -3.0 -4.6 -2.3 0.4 28

29 Mutual fund shares 0.7 23.6 -4.8 -16.7 35.5 11.2 -11.2 29

30 Trade receivables 277.6 -15.1 161.9 -167.7 -28.6 135.2 185.8 30

31 Miscellaneous assets 443.6 722.0 938.4 -346.8 107.5 575.9 638.6 31

32 U.S. direct investment abroad (4) 24.7 219.2 307.0 262.6 257.2 324.8 396.5 32

33 Insurance receivables 21.2 7.6 8.3 10.9 -0.9 3.0 15.7 33

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

35 Investment in finance co. subs. 64.4 22.9 -54.8 -1.1 -9.3 20.3 9.0 35

36 Other 333.2 472.2 677.7 -619.3 -139.6 227.7 217.4 36

37 Net increase in liabilities 965.5 839.3 1281.0 339.0 -254.7 629.9 622.0 37

38 Net funds raised in markets 23.7 -45.5 51.7 13.8 -193.6 -2.0 65.8 38

39 Net new equity issues -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 -472.7 39

40 Credit market instruments 365.5 520.2 838.5 349.7 -129.0 276.0 538.5 40

41 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 41

42 Municipal securities (5) 42.2 54.3 69.0 68.2 37.8 34.7 15.1 42

43 Corporate bonds (4) 54.2 208.3 311.1 205.5 387.6 422.8 384.6 43

44 Depository institution loans n.e.c. -27.1 22.1 96.3 64.2 -219.8 -33.4 73.4 44

45 Other loans and advances (6) 110.2 127.9 287.9 48.5 -141.7 -92.2 67.9 45

46 Mortgages 193.7 85.2 62.8 -44.3 -119.9 -80.4 -35.9 46

47 Trade payables 199.0 109.0 85.1 -225.2 -85.3 163.1 179.1 47

48 Taxes payable -1.8 -0.8 -49.6 3.1 -3.3 7.2 5.0 48

49 Miscellaneous liabilities 744.6 776.5 1193.8 547.3 27.4 461.6 372.1 49

50 Foreign direct investment in U.S. 98.7 191.0 211.6 189.5 104.7 156.9 206.8 50

51 Pension fund contributions payable -1.9 -2.0 4.4 0.7 2.5 -1.3 0.2 51

52 Other 647.8 587.5 977.8 357.0 -79.8 306.0 165.1 52

53 Discrepancy 158.0 129.7 126.0 934.9 -180.9 257.0 183.5 53

 Memo:

54 Financing gap (7) -140.1 157.6 248.7 195.7 -225.5 -191.3 -171.2 54

(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).
12 FFA, 2005-2011, September 20, 2012

F.103 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving = consumption of fixed capital 150.3 162.3 184.3 211.3 211.0 209.9 215.0 1

 2 Gross saving less net capital transfers paid (1) 163.4 162.3 184.3 214.5 217.0 217.7 216.6 2

 3 Gross investment 163.4 162.3 184.3 214.5 217.0 217.7 216.6 3

 4 Capital expenditures 275.7 293.3 306.5 267.2 203.4 201.3 219.3 4

 5 Fixed investment (2) 273.1 293.3 305.6 268.0 212.3 203.6 221.8 5

 6 Change in inventories 2.6 0.0 0.9 -0.9 -8.9 -2.3 -2.5 6

 7 Net lending (+) or net borrowing (-) -112.3 -131.0 -122.2 -52.6 13.6 16.4 -2.7 7

 8 Net acquisition of financial assets 437.3 519.8 479.4 97.3 -100.8 -134.5 -8.1 8

 9 Checkable deposits and currency 76.6 74.6 66.9 3.8 20.4 -19.8 -0.4 9

10 Time and savings deposits 23.5 20.3 14.9 -1.2 -4.8 -13.5 -1.2 10

11 Money market mutual funds 2.4 3.2 2.2 1.0 -1.7 -2.8 -0.3 11

12 Credit market instruments 11.4 -0.1 10.0 -10.9 -6.7 -3.4 -0.3 12

13 Treasury securities 6.0 0.2 3.0 -7.5 -5.7 -1.8 -0.2 13

14 Municipal securities 0.1 1.3 -0.5 -0.4 0.2 -0.2 -0.0 14

15 Mortgages 5.3 -1.5 7.4 -3.0 -1.2 -1.4 -0.1 15

16 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Trade receivables 66.6 40.0 54.7 -3.0 -26.3 -18.9 -1.7 17

18 Miscellaneous assets 256.6 381.8 330.8 107.5 -81.7 -76.2 -4.2 18

19 Insurance receivables 5.5 4.4 3.7 3.4 0.9 0.1 6.3 19

20 Equity investment in GSEs (3) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 20

21 Other 251.2 377.2 326.4 102.9 -82.7 -76.7 -10.7 21

22 Net increase in liabilities 549.6 650.8 601.6 149.9 -114.4 -150.9 -5.3 22

23 Credit market instruments 341.6 415.2 461.6 318.8 -134.3 -190.0 -12.8 23

24 Depository institution loans n.e.c. 157.9 115.3 140.8 119.6 -116.3 -70.4 52.2 24

25 Other loans and advances 6.3 16.8 13.7 12.3 -5.3 4.7 0.4 25

26 Mortgages 177.5 283.2 307.1 186.9 -12.7 -124.3 -65.4 26

27 Trade payables 49.7 14.4 26.0 5.8 7.6 -19.0 -2.5 27

28 Taxes payable 8.7 9.0 3.8 6.7 -6.3 -4.8 -0.4 28

29 Miscellaneous liabilities 142.8 144.8 94.2 114.1 32.7 34.9 22.0 29

30 Proprietors’ net investment 6.8 67.4 16.0 -295.6 -14.2 28.1 -11.7 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.
FFA, 2005-2011, September 20, 2012 13

F.104 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Current receipts, NIPA basis 1730.4 1829.7 1923.1 1944.8 1961.4 2042.4 2064.4 1

 2 Personal current taxes 276.7 302.5 323.1 334.4 287.6 300.6 322.8 2

 3 Taxes on production and imports 831.4 887.4 932.7 944.6 931.8 959.5 990.4 3

 4 Taxes on corporate income 54.9 59.2 57.8 47.4 45.5 44.5 47.6 4

 5 Contributions for govt. social insurance 24.8 21.8 18.9 19.0 19.0 18.4 18.3 5

 6 Income receipts on assets 88.3 103.5 114.5 106.8 95.0 88.8 86.4 6

 7 Current transfer receipts 454.3 456.7 485.1 505.0 593.6 643.2 612.7 7

 8 Current surplus of government enterprises 0.1 -1.3 -9.1 -12.3 -11.1 -12.5 -13.8 8

 9 Current expenditures, NIPA basis 1704.5 1778.6 1910.8 2017.0 2074.6 2132.1 2166.3 9

10 Consumption expenditures 1212.0 1282.3 1368.9 1449.2 1473.3 1496.2 1518.0 10

11 Govt. social benefit payments to persons 404.8 402.9 433.7 456.7 495.1 528.3 538.5 11

12 Interest payments 87.3 93.0 101.1 108.1 104.8 106.0 109.2 12

13 Subsidies 0.4 0.4 7.1 3.0 1.4 1.6 0.5 13

14 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net saving, NIPA basis 25.9 51.0 12.2 -72.2 -113.2 -89.7 -102.0 15

16 + Consumption of fixed capital 150.1 162.7 178.7 191.2 198.8 203.3 212.4 16

17 - Net capital transfers paid (2) -49.8 -57.4 -58.9 -62.8 -66.5 -75.6 -72.5 17

18 = Gross saving less net capital transfers paid 225.8 271.2 249.8 181.8 152.0 189.2 182.9 18

19 Gross investment 245.8 291.2 270.8 201.8 183.1 210.9 201.6 19

20 Fixed investment 281.6 304.4 329.0 348.8 350.3 338.2 319.7 20

21 Nonproduced nonfinancial assets 10.3 11.1 13.8 14.1 12.7 11.5 11.5 21

22 Net lending (+) or net borrowing (-) -46.0 -24.3 -72.0 -161.1 -179.8 -138.9 -129.5 22

23 Net acq. of financial assets 123.4 108.4 111.9 -102.0 -28.7 -32.7 -147.9 23

24 Checkable deposits and currency 9.5 5.4 -4.8 8.5 19.2 6.7 15.9 24

25 Time and savings deposits 12.8 26.2 36.4 19.1 10.8 -0.4 18.0 25

26 Money market fund shares 9.5 11.1 17.3 5.7 12.4 8.7 -2.7 26

27 Security RPs -0.9 0.4 6.4 -7.8 -1.1 -4.9 -8.0 27

28 Credit market instruments 118.8 81.1 97.4 -116.5 -42.1 -17.1 -110.8 28

29 Open market paper -4.2 -2.8 -15.8 -73.1 -70.2 -9.8 9.1 29

30 Treasury securities 94.3 45.8 36.4 -37.2 30.3 6.4 -61.9 30

31 Agency- and GSE-backed securities 15.6 21.0 43.9 -4.6 -19.3 -13.5 -45.3 31

32 Municipal securities 0.9 1.1 1.6 0.7 1.2 0.9 -0.2 32

33 Corporate and foreign bonds 5.1 6.9 14.2 -1.3 6.8 2.3 -6.4 33

34 Mortgages 7.0 9.1 17.3 -1.0 9.1 -3.4 -6.2 34

35 Corporate equities -4.2 -10.0 -1.9 9.8 16.0 -30.8 -6.0 35

36 Mutual fund shares 0.5 -1.6 1.2 16.7 -8.8 -9.5 -1.6 36

37 Trade receivables -14.4 -14.4 -12.5 -21.1 -18.6 -20.2 -10.0 37

38 Taxes receivable 15.4 11.4 2.7 2.2 -6.7 -6.3 5.4 38

39 Miscellaneous assets -23.5 -1.3 -30.5 -18.6 -9.9 41.2 -48.0 39

40 Net increase in liabilities 169.4 132.7 183.9 59.2 151.1 106.2 -18.4 40

41 Credit market instruments 137.2 98.3 146.9 20.0 111.5 66.2 -58.6 41

42 Municipal securities 136.6 97.7 146.2 19.2 110.7 65.3 -59.5 42

43 Short-term (3) -1.6 -8.2 16.8 4.7 7.7 -0.6 -10.7 43

44 Long-term 138.2 105.9 129.4 14.4 102.9 66.0 -48.8 44

45 U.S. government loans 0.6 0.6 0.7 0.8 0.8 0.9 0.9 45

46 Trade payables 32.1 34.4 37.0 39.2 39.6 40.0 40.2 46

47 Discrepancy -20.0 -20.0 -21.0 -20.0 -31.1 -21.7 -18.7 47

(1) Data for retirement funds are shown in table F.117.

(2) Table F.9, line 62.

(3) Debt with original maturity of 13 months or less.
14 FFA, 2005-2011, September 20, 2012

F.105 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Current receipts, NIPA basis 2290.1 2524.5 2654.7 2502.2 2226.5 2395.4 2519.6 1

 2 Personal current taxes 931.9 1049.9 1165.6 1101.3 857.0 894.2 1075.2 2

 3 Taxes on production and imports 98.8 99.4 94.5 94.0 91.4 95.5 107.4 3

 4 Taxes on corporate income 341.0 395.0 362.8 233.7 200.4 305.1 304.2 4

 5 Taxes from the rest of the world 12.1 14.0 14.7 18.8 14.8 15.1 15.9 5

 6 Contributions for govt. social insurance 852.6 904.6 945.3 973.1 949.1 969.8 905.5 6

 7 Income receipts on assets 23.7 26.1 29.8 30.7 48.1 53.0 55.3 7

 8 Current transfer receipts 33.6 38.3 44.8 54.4 70.2 69.8 68.8 8

 9 Current surplus of government enterprises -3.5 -2.9 -2.7 -3.7 -4.5 -7.0 -12.7 9

10 Current expenditures, NIPA basis 2573.1 2728.3 2900.0 3115.7 3455.8 3703.4 3757.0 10

11 Consumption expenditures 765.8 811.0 848.9 931.7 987.0 1055.8 1061.5 11

12 Government social benefits 1089.2 1193.1 1267.5 1401.2 1621.4 1725.1 1752.9 12

13 Other current transfer payments 402.1 394.0 423.0 440.7 536.1 585.8 556.5 13

14 Interest payments 255.4 279.2 313.2 292.1 253.1 281.4 325.0 14

15 Subsidies 60.5 51.0 47.4 49.9 58.3 55.4 61.1 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net saving, NIPA basis -283.0 -203.8 -245.2 -613.5 -1229.3 -1308.0 -1237.4 17

18 + Consumption of fixed capital 100.4 106.6 112.6 120.0 124.8 130.2 137.0 18

19 - Insurance and pension reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 20

21 - Net capital transfers paid (2) 59.8 42.7 56.3 65.8 81.4 103.7 100.8 21

22 = Gross saving less net capital transfers paid -247.7 -144.6 -193.8 -563.5 -1191.4 -1284.6 -1205.2 22

23 Gross investment -270.4 -157.9 -217.8 -650.3 -1146.8 -1224.9 -1199.0 23

24 Fixed investment 110.5 120.7 127.4 148.4 156.6 167.3 160.5 24

25 Nonproduced nonfinancial assets -0.5 -13.3 -1.3 -19.2 -7.1 0.2 -0.1 25

26 Net lending (+) or net borrowing (-) -380.4 -265.3 -344.0 -779.5 -1296.3 -1392.5 -1359.5 26

27 Net acq. of financial assets 30.2 -14.2 -0.5 571.9 224.2 287.6 -166.0 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 28

29 Checkable deposits and currency 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 29

30 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 30

31 Credit market instruments -0.9 5.9 5.9 85.2 295.4 85.0 -0.7 31

32 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 33

34 Other loans and advances -7.0 0.6 -2.2 6.0 66.0 3.5 4.8 34

35 Mortgages 2.4 3.7 2.1 13.5 12.6 -1.8 4.0 35

36 Consumer credit (3) 3.7 1.6 6.0 11.3 74.3 130.2 108.7 36

37 Corporate equities (4) 0.0 0.0 0.0 256.3 0.6 24.1 40.0 37

38 Trade receivables 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 38

39 Taxes receivable 25.3 -6.3 -35.5 -61.9 35.9 32.2 29.7 39

40 Miscellaneous assets -0.3 3.1 1.9 -28.0 35.4 -3.5 1.9 40

41 Net increase in liabilities 410.5 251.1 343.5 1351.4 1520.5 1680.1 1193.5 41

42 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 42

43 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 43

44 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 44

45 Credit market instruments 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 45

46 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 46

47 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 -249.5 47

48 Other Treasury securities 347.1 206.4 184.7 379.8 1519.8 1601.8 1319.0 48

49 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 49

50 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Trade payables 33.7 6.2 29.3 22.6 -56.2 8.7 21.4 51

52 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 1.3 52

53 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 90.6 102.9 53

54 Nonmarketable securities held by pension plans 40.0 35.8 33.3 63.3 61.9 65.7 70.8 54

55 Other 28.1 23.6 43.3 26.2 19.5 24.9 32.1 55

56 Discrepancy 22.7 13.3 24.1 86.8 -44.6 -59.7 -6.2 56

 Memo:

57 Change in cash balance (6) 4.6 -5.5 27.5 308.6 -173.2 148.9 -258.0 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) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 30) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
FFA, 2005-2011, September 20, 2012 15

F.106 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Foreign income from U.S. 2618.6 2990.5 3248.7 3381.9 2612.0 3009.8 3343.7 1

 2 U.S. imports 2027.8 2240.3 2374.8 2556.5 1976.2 2356.1 2662.3 2

 3 U.S. income payments to rest of world 475.9 648.6 747.7 686.9 498.9 507.2 531.8 3

 4 Current taxes and trans. payments to rest of world 115.0 101.5 126.2 138.4 137.0 146.5 149.6 4

 5 Foreign outlays to U.S. 1878.1 2192.1 2532.6 2702.9 2229.9 2560.9 2877.9 5

 6 U.S. exports 1305.1 1471.0 1661.7 1846.8 1587.4 1844.4 2094.2 6

 7 U.S. income receipts from rest of world 573.0 721.1 871.0 856.1 642.4 716.5 783.7 7

 8 - Net capital transfers paid (1) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 8

 9 Gross saving less net capital transfers paid (2) 727.8 800.4 716.4 673.6 382.7 449.5 467.4 9

10 Gross investment 713.9 807.3 618.1 736.6 239.5 382.7 555.1 10

11 Nonproduced nonfinancial assets 0.1 -0.1 0.5 -0.0 0.0 -0.0 -0.1 11

12 Net lending (+) or net borrowing (-) 713.8 807.4 617.6 736.6 239.5 382.7 555.1 12

13 Net acquisition of financial assets 1100.3 1854.1 1766.9 584.4 168.2 1148.0 1043.4 13

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

15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 15

16 Net interbank assets 7.3 31.9 -111.4 410.8 -270.4 -48.2 221.4 16

17 U.S. checkable deposits and currency 14.9 11.4 -5.4 64.0 -9.2 29.5 80.5 17

18 U.S. time deposits 6.7 11.5 40.3 65.5 -43.1 16.9 36.7 18

19 Money market fund shares 0.1 4.1 19.0 23.7 7.2 -7.1 -5.4 19

20 Security RPs (net) 45.5 2.4 -35.2 -214.0 -146.4 -126.1 51.2 20

21 Credit market instruments 752.0 973.6 943.8 357.7 142.6 621.0 360.0 21

22 Open market paper 9.9 46.7 -8.3 -45.1 -41.4 -0.5 -0.3 22

23 Treasury securities 245.1 150.3 165.3 711.6 554.4 739.8 412.1 23

24 Official 112.8 208.6 98.4 548.7 569.9 442.0 171.2 24

25 Private 132.3 -58.2 66.8 162.9 -15.5 297.8 240.9 25

26 Agency- and GSE-backed securities 134.3 224.0 248.8 -228.6 -226.0 -72.3 -24.2 26

27 Official 88.5 203.6 236.1 -31.3 -169.5 -96.0 -21.2 27

28 Private 45.8 20.4 12.7 -197.3 -56.6 23.7 -2.9 28

29 Municipal securities 3.0 5.4 10.7 5.4 8.2 13.1 10.9 29

30 U.S. corporate bonds (4) 328.5 541.0 424.6 -21.4 -127.7 -37.0 -80.7 30

31 Loans to U.S. corporate business 31.3 6.2 102.7 -64.1 -24.9 -22.0 42.1 31

32 U.S. corporate equities 56.9 96.2 218.5 105.1 155.6 72.5 -37.7 32

33 Mutual fund shares 32.2 45.2 38.2 -2.0 56.5 112.2 70.5 33

34 Trade receivables 7.9 5.9 20.8 6.5 6.6 19.6 17.2 34

35 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Miscellaneous assets 176.7 672.0 638.4 -232.8 221.2 457.7 249.0 36

37 Foreign direct investment in U.S. (5) 112.6 243.2 221.2 310.1 150.4 205.8 234.0 37

38 Other 64.1 428.8 417.3 -542.9 70.7 251.8 15.1 38

39 Net increase in liabilities 386.5 1046.7 1149.3 -152.2 -71.3 765.3 488.2 39

40 U.S. official reserve assets -14.1 -2.4 0.1 4.8 52.3 1.8 15.9 40

41 U.S. private deposits 40.8 87.2 256.0 -394.3 -106.0 25.9 -32.4 41

42 Credit market instruments 113.0 332.6 170.3 -226.2 211.8 75.3 34.8 42

43 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 43

44 Bonds 64.5 227.8 218.7 -158.8 163.3 59.9 57.8 44

45 Depository institution loans n.e.c. 14.5 13.8 24.1 5.1 -11.2 17.9 29.2 45

46 Official -2.9 -0.7 -0.0 0.7 0.6 1.1 -1.7 46

47 Banks 4.7 3.8 8.3 2.8 -5.1 11.8 11.3 47

48 Other 12.7 10.7 15.8 1.6 -6.6 4.9 19.5 48

49 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.2 1.4 49

50 Foreign corporate equities (6) 186.7 137.3 147.8 -38.5 63.7 79.1 89.0 50

51 Trade payables 6.3 6.2 12.4 -9.9 6.1 26.6 -26.8 51

52 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Miscellaneous liabilities 53.8 485.8 562.7 511.9 -299.1 556.6 407.8 53

54 U.S. equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 2.3 2.6 54

55 Nonofficial foreign currencies -2.2 -0.0 23.9 529.8 -543.3 -10.1 99.7 55

56 U.S. direct investment abroad (4,5) 36.2 244.9 414.0 329.1 289.5 327.9 419.3 56

57 Investment by holding companies 19.6 41.3 42.2 -9.1 23.5 10.6 26.4 57

58 Other -1.1 197.5 80.9 -339.3 -70.5 225.9 -140.3 58

59 Discrepancy (FOF basis) (7) 13.9 -6.9 98.3 -63.0 143.2 66.8 -87.7 59

 Memo:

60 Net U.S. exports, NIPA basis -722.7 -769.3 -713.1 -709.7 -388.7 -511.6 -568.1 60

61 + Net U.S. income receipts (8) 97.1 72.4 123.3 169.2 143.5 209.3 251.9 61

62 - Current taxes and trans. payments to rest of world 115.0 101.5 126.2 138.4 137.0 146.5 149.6 62

63 = Balance on current account, NIPAs -740.5 -798.4 -716.0 -679.0 -382.2 -448.8 -465.8 63

(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.
16 FFA, 2005-2011, September 20, 2012

F.107 Financial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving less net capital transfers paid 269.7 292.5 208.1 81.7 372.1 370.7 355.6 1

 2 Gross investment 464.4 429.2 286.5 -71.7 213.7 -63.5 22.5 2

 3 Capital expenditures 157.7 166.2 178.2 195.1 164.3 159.5 179.1 3

 4 Fixed residential investment 2.5 3.5 -9.3 0.1 -0.1 4.7 6.3 4

 5 Fixed nonresidential investment 155.3 162.7 187.5 195.0 164.4 154.8 172.9 5

 6 Net lending (+) or net borrowing (-) 306.6 263.0 108.2 -266.8 49.4 -222.9 -156.7 6

 7 Net acqisition of financial assets 3305.5 4130.0 4807.6 4609.2 -1585.3 -714.0 1915.7 7

 8 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 8

 9 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 9

10 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 10

11 Foreign deposits 16.2 -10.6 43.2 2.0 -32.2 8.7 -47.3 11

12 Net interbank assets 3.5 0.1 54.2 1351.5 -349.5 -106.9 603.0 12

13 Checkable deposits and currency -50.4 51.5 36.0 72.4 -27.7 -28.0 34.1 13

14 Time and savings deposits 24.5 17.8 81.7 107.4 177.6 -111.0 -84.9 14

15 Money market fund shares 17.1 52.6 323.1 296.5 -179.3 -170.2 -49.8 15

16 Federal funds and security RPs 149.2 75.2 241.9 -57.0 -81.0 5.6 -67.6 16

17 Credit market instruments 2390.2 2913.2 3046.0 2332.2 -792.0 -281.4 1104.9 17

18 Open market paper 208.8 242.5 -81.9 42.8 -377.7 -110.2 -83.2 18

19 Treasury securities 48.2 92.3 108.0 436.4 441.3 461.4 985.2 19

20 Agency- and GSE-backed securities -189.4 135.6 290.5 860.9 604.6 83.9 192.2 20

21 Municipal securities 112.6 123.4 180.1 51.6 15.6 29.4 2.9 21

22 Corporate and foreign bonds 407.6 500.3 585.7 7.2 211.4 221.2 243.2 22

23 Depository institution loans n.e.c. 169.0 151.7 332.1 689.9 -749.7 -96.5 132.5 23

24 Other loans and advances 129.9 156.6 419.1 145.5 -463.8 -209.7 -31.6 24

25 Mortgages 1407.3 1392.0 1079.5 86.2 -288.2 -502.4 -313.6 25

26 Consumer credit 96.3 118.8 133.0 11.8 -185.5 -158.4 -22.6 26

27 Corporate equities 236.1 123.9 165.5 -7.4 52.4 62.2 -40.5 27

28 Mutual fund shares 52.2 102.6 117.2 24.7 101.4 72.4 47.0 28

29 Trade receivables -0.4 13.4 1.8 -14.9 -38.0 -8.6 -0.8 29

30 Security credit 3.3 131.1 65.7 -274.2 -21.8 97.9 39.3 30

31 Life insurance reserves 0.0 7.9 16.2 5.3 2.8 8.2 7.3 31

32 Miscellaneous assets 463.5 649.2 614.1 770.1 -405.4 -264.2 370.7 32

33 Net increase in liabilities 2998.8 3867.0 4699.3 4875.9 -1634.6 -491.1 2072.3 33

34 Net interbank liabilities 13.7 28.1 -53.4 1823.0 -590.9 -174.4 854.6 34

35 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 35

36 Time and savings deposits 598.9 608.2 599.9 334.2 375.4 116.1 372.8 36

37 Money market fund shares 127.0 305.3 720.9 724.2 -499.0 -502.9 -112.8 37

38 Federal funds and security RPs 319.1 396.5 -19.2 -880.3 247.8 -192.5 -137.0 38

39 Credit market instruments 1113.1 1339.7 1815.7 899.1 -1810.5 -939.4 -422.3 39

40 Open market paper 214.2 196.3 -111.4 -125.6 -448.2 -101.7 -68.1 40

41 Agency- and GSE-backed securities 80.4 328.2 905.7 768.7 -60.1 -46.9 -21.9 41

42 Corporate and foreign bonds 744.6 798.8 710.9 -280.5 -587.6 -583.3 -313.0 42

43 Depository institution loans n.e.c. 15.5 -11.5 80.1 496.4 -435.4 -62.9 31.6 43

44 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -144.7 -60.0 44

45 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 45

46 Corporate equities 78.5 59.5 178.7 639.3 316.2 190.8 165.5 46

47 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 389.3 403.1 47

48 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.9 48

49 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 137.0 49

50 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 16.4 92.8 50

51 Pension fund reserves 275.7 250.9 201.1 125.7 135.3 209.0 194.4 51

52 Taxes payable -11.6 14.3 -23.5 -133.6 6.1 13.0 9.2 52

53 Equity in noncorporate business -1.2 -6.8 2.4 11.5 -3.6 0.4 -1.7 53

54 Miscellaneous liabilities 167.3 333.2 601.7 929.4 -234.3 120.5 285.9 54

55 Discrepancy -194.7 -136.7 -78.4 153.4 158.4 434.2 333.2 55

(1) Sum of financial sectors shown on tables F.108 through F.129.
FFA, 2005-2011, September 20, 2012 17

F.108 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 5.1 4.7 1.2 3.0 -0.7 -8.5 -0.3 1

 2 Fixed nonresidential investment 0.5 0.7 0.8 0.6 0.7 0.6 0.6 2

 3 Net acquisition of financial assets 37.4 29.6 43.1 1319.3 -3.4 186.0 494.0 3

 4 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 4

 5 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 5

 6 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 6

 7 Federal Reserve float (2) -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 7

 8 Interbank loans (2) 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 8

 9 Discount window (3) 0.0 -0.0 48.6 495.4 -447.4 -96.4 -0.0 9

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

11 Security RPs 13.8 -6.0 5.8 33.5 -80.0 0.0 0.0 11

12 Credit market instruments 26.4 34.7 -38.3 245.4 1001.6 271.5 376.5 12

13 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 26.4 34.7 -38.3 -264.7 300.7 244.9 642.0 14

15 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1048.5 71.4 -197.9 15

16 Depository institution loans n.e.c. 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 16

17 Households (TALF) (5) 0.0 0.0 0.0 0.0 47.5 -22.8 -15.7 17

18 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Brokers and dealers (6) 0.0 0.0 0.0 45.5 -45.5 0.0 0.0 19

20 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 29.1 0.1 -3.4 -21.0 20

21 Funding corporations (AIG) 0.0 0.0 0.0 38.9 -16.7 -2.2 -20.0 21

22 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 19.5 -3.5 -2.5 -6.7 22

23 Funding corporations (Maiden Lane III) (9) 0.0 0.0 0.0 24.4 -5.9 -4.4 -4.2 23

24 Funding corporations (CPFF) (10) 0.0 0.0 0.0 333.0 -323.6 -9.4 0.0 24

25 Corporate equities (11) 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 25

26 Miscellaneous assets -3.2 0.1 25.8 530.2 -493.8 7.8 142.9 26

27 Nonofficial foreign currencies (12) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 27

28 Other -3.2 0.1 1.8 0.5 49.6 18.0 43.1 28

29 Net increase in liabilities 36.1 27.2 39.9 1316.7 -8.0 185.1 493.7 29

30 Depository institution reserves -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 30

31 Vault cash of commercial banks 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 31

32 Checkable deposits and currency 30.1 23.5 17.8 428.2 -117.6 185.0 -122.1 32

33 Due to federal government -1.4 0.2 11.4 349.3 -173.8 149.0 -255.0 33

34 Treasury cash holdings -0.1 0.1 0.0 0.0 -0.0 -0.1 -0.0 34

35 Treasury general deposit account -1.3 0.1 11.4 90.0 80.5 -45.9 -55.0 35

36 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 -254.3 195.0 -200.0 36

37 Due to rest of the world 0.0 0.0 -0.0 1.3 1.0 0.9 -3.2 37

38 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 51.1 38

39 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 85.0 39

40 Security RPs -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 40

41 Miscellaneous liabilities 2.8 3.2 2.5 2.2 6.1 29.2 -26.7 41

42 Federal Reserve Bank stock 1.6 1.8 3.1 2.6 4.6 0.9 0.4 42

43 Other 1.1 1.4 -0.7 -0.5 1.5 28.3 -27.1 43

44 Discrepancy 3.4 1.6 -2.8 -0.2 -6.0 -10.0 -1.3 44

(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.
18 FFA, 2005-2011, September 20, 2012

F.109 Private Depository Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving less net capital transfers paid (2) 19.8 -2.2 -21.3 32.1 88.4 122.1 68.2 1

 2 Fixed nonresidential investment 9.2 12.0 10.3 34.2 30.9 25.0 26.0 2

 3 Net lending (+) or net borrowing (-) 157.9 134.5 80.9 -24.2 -245.4 -213.1 -142.5 3

 4 Net acquisition of financial assets 929.7 715.6 939.0 1590.9 -602.7 -272.7 1008.3 4

 5 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 5

 6 Reserves at Federal Reserve -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 6

 7 Credit market instruments 892.0 758.7 815.9 380.7 -592.1 -202.1 195.0 7

 8 Open market paper -0.0 0.2 -0.5 15.3 -15.7 0.0 0.0 8

 9 Treasury securities -7.0 0.6 10.4 -20.8 94.7 102.9 -46.6 9

10 Agency- and GSE-backed securities 46.0 18.7 -115.8 142.2 172.7 138.4 133.6 10

11 Municipal securities 18.5 25.1 12.6 20.4 3.4 29.3 43.5 11

12 Corporate and foreign bonds 146.6 108.8 232.2 -40.8 -136.3 -126.1 7.6 12

13 Depository institution loans n.e.c. 169.0 151.7 332.1 199.5 -402.1 -51.8 200.1 13

14 Other loans and advances 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 14

15 Mortgages 485.2 394.3 286.3 -4.5 -245.2 -213.9 -146.8 15

16 Consumer credit 33.8 59.6 58.6 69.7 -63.6 -81.0 3.6 16

17 Corporate equities -0.9 -0.4 1.4 0.9 6.3 -1.7 0.9 17

18 Mutual fund shares -2.8 3.8 3.6 1.3 14.1 -5.6 -0.5 18

19 Security credit 34.8 71.5 32.3 -113.5 -59.9 22.7 79.0 19

20 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 4.8 20

21 Miscellaneous assets 3.0 -127.5 69.4 473.0 -86.0 -79.3 126.8 21

22 Net increase in liabilities 771.8 581.0 858.1 1615.1 -357.3 -59.6 1150.7 22

23 Net interbank liabilities 10.1 26.8 -58.7 981.0 -705.1 -163.3 252.3 23

24 Checkable deposits -25.6 -43.5 18.9 140.2 109.7 81.3 356.7 24

25 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.4 577.3 25

26 Large time deposits 284.4 261.2 283.4 -190.6 -141.8 -182.3 -204.6 26

27 Federal funds and security RPs (net) 85.7 43.4 -98.6 -339.6 307.2 -137.2 -80.2 27

28 Credit market instruments 57.5 47.8 236.1 7.0 -306.4 -161.6 -75.7 28

29 Open market paper 0.0 -0.3 0.0 -0.2 0.0 -19.7 7.7 29

30 Corporate bonds 13.5 29.6 24.8 0.1 -28.5 6.7 -21.0 30

31 Other loans and advances 43.9 18.5 211.2 7.1 -278.0 -148.7 -62.5 31

32 Corporate equity issues 8.4 10.2 7.5 12.1 11.6 11.9 6.4 32

33 Taxes payable (net) -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 33

34 Miscellaneous liabilities 44.7 -110.5 168.6 566.1 -157.1 186.5 308.0 34

35 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 16.6 9.3 17.9 35

36 Investment by holding companies 27.9 97.2 114.0 113.6 166.8 33.4 79.1 36

37 Investment by funding corporations 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 37

38 Other -13.6 -230.1 11.7 392.1 -266.9 175.3 244.7 38

39 Discrepancy -147.3 -148.8 -112.5 22.1 302.9 310.2 184.7 39

 Memo:

40 Consumer leases not included above (3) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 -0.1 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.
FFA, 2005-2011, September 20, 2012 19

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving less net capital transfers paid (1) 6.9 -15.7 -34.0 22.5 78.9 110.7 54.4 1

 2 Fixed nonresidential investment 1.6 3.4 2.4 27.1 24.6 20.0 20.1 2

 3 Net acquisition of financial assets 730.3 675.7 673.3 964.0 -295.0 -357.3 332.3 3

 4 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 4

 5 Reserves at Federal Reserve -5.2 -0.1 1.7 596.6 53.7 -89.7 224.8 5

 6 Credit market instruments 700.3 626.5 585.4 241.9 -336.7 -176.6 126.9 6

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

 8 Treasury securities -6.1 2.2 5.6 -23.7 68.1 93.0 -43.7 8

 9 Agency- and GSE-backed securities 52.5 34.2 -111.0 136.2 168.0 110.1 106.9 9

10 Residential mortgage pass-through securities 22.9 52.5 -49.1 153.9 -13.4 -2.2 63.8 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.1 -0.2 4.8 11

12 Residential CMOs and other structured MBS 2.9 -2.3 -5.9 19.8 70.1 129.4 80.3 12

13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.1 -0.4 9.8 13

14 Other 26.7 -16.0 -56.1 -37.5 111.3 -16.6 -51.8 14

15 Municipal securities 18.3 24.2 11.9 19.9 2.4 30.3 42.6 15

16 Corporate and foreign bonds 68.1 72.2 151.2 -64.1 25.9 -98.8 3.0 16

17 Private residential mortgage pass-through securities 4.5 11.9 11.0 -25.7 6.6 -9.7 -3.1 17

18 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 1.1 -6.4 -2.5 18

19 Private residential CMOs and other structured MBS 56.3 20.3 104.3 -43.3 -51.6 -70.6 -22.0 19

20 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 -3.8 -1.4 2.7 20

21 Other 7.3 40.1 35.8 5.0 73.7 -10.7 27.8 21

22 Depository institution loans n.e.c. 96.9 81.9 226.6 131.2 -277.7 -35.9 156.3 22

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

24 Mortgages 450.2 359.6 243.0 -43.4 -243.3 -205.0 -145.4 24

25 Consumer credit 20.5 52.2 58.1 70.1 -64.5 -70.3 7.1 25

26 Corporate equities -0.9 -0.4 1.4 0.9 6.3 -1.8 1.0 26

27 Mutual fund shares -1.8 3.9 3.6 1.3 14.8 -5.8 -0.8 27

28 Security credit -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 28

29 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 4.8 29

30 Miscellaneous assets 35.8 15.0 37.6 101.4 28.1 -80.0 -69.8 30

31 Net increase in liabilities 576.1 546.2 599.6 992.7 -59.6 -141.7 475.8 31

32 Net interbank liabilities 8.7 99.3 130.9 746.9 -534.3 -213.0 -229.4 32

33 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 33

34 Borrowing from Federal Reserve banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 34

35 To domestic banking -7.4 -9.9 24.1 71.3 23.5 -28.2 58.3 35

36 To foreign banks 16.1 110.5 58.0 166.1 -94.1 -89.0 -288.5 36

37 Checkable deposits -33.0 -35.7 13.5 137.9 94.0 69.6 319.4 37

38 Federal government 7.0 -5.9 14.9 -39.5 0.3 -0.1 -2.7 38

39 Rest of the world 6.2 9.4 5.0 31.2 -28.7 -3.8 24.3 39

40 Private domestic -46.1 -39.2 -6.3 146.2 122.4 73.5 297.8 40

41 Small time and savings deposits 296.9 306.7 282.7 480.6 472.3 271.7 537.1 41

42 Large time deposits 205.6 124.7 4.1 -69.0 -329.8 -130.2 -35.3 42

43 Federal funds and security RPs (net) 54.8 -7.2 -87.5 -248.1 269.4 -190.3 -114.5 43

44 Credit market instruments 54.1 43.8 222.6 -1.1 -292.3 -161.2 -73.8 44

45 Open market paper -0.0 0.0 0.0 0.0 0.0 -19.7 7.7 45

46 Corporate bonds 13.5 29.6 24.8 0.1 -28.5 6.7 -21.0 46

47 Other loans and advances 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 47

48 Corporate equity issues 8.4 10.2 7.5 12.1 11.6 11.9 6.4 48

49 Taxes payable (net) -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 49

50 Miscellaneous liabilities -11.8 5.8 41.3 19.3 242.2 193.3 55.2 50

51 Investment by holding companies 27.9 97.2 114.0 113.6 166.8 33.4 79.1 51

52 Other -39.6 -91.5 -72.7 -94.3 75.4 159.9 -23.8 52

53 Discrepancy -148.9 -148.6 -110.0 24.0 289.7 306.4 177.8 53

 Memo:

54 Consumer leases not included above (2) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 -0.1 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.
20 FFA, 2005-2011, September 20, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 3.5 3.3 3.6 2.5 2.5 2.5 3.2 1

 2 Fixed nonresidential investment 3.9 4.2 4.1 2.9 2.6 2.2 2.9 2

 3 Net acquisition of financial assets 154.3 10.1 219.8 576.8 -357.3 69.3 662.2 3

 4 Reserves at Federal Reserve 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 4

 5 Credit market instruments 145.3 103.7 201.7 100.8 -285.8 -30.8 37.7 5

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

 7 Treasury securities 0.1 -1.0 3.6 5.1 22.0 3.5 -0.5 7

 8 Agency- and GSE-backed securities -0.9 4.2 2.0 -6.5 -19.3 -4.8 4.0 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate and foreign bonds 80.6 29.8 77.0 32.1 -156.7 -11.0 0.6 10

11 Depository institution loans n.e.c. 61.5 67.1 105.0 65.1 -125.4 -16.1 36.1 11

12 Other loans and advances 0.1 -0.3 0.0 -0.2 0.0 0.0 0.0 12

13 Mortgages 4.0 4.1 14.1 5.2 -6.4 -2.5 -2.6 13

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

15 Security credit 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 15

16 Miscellaneous assets -32.6 -143.9 14.7 364.3 -115.8 4.9 222.7 16

17 Net increase in liabilities 155.0 9.8 222.9 572.1 -355.9 70.5 666.8 17

18 Net interbank liabilities -5.6 -71.3 -191.1 240.4 -158.9 48.2 496.8 18

19 To foreign banks -8.8 -78.6 -169.4 244.7 -176.3 40.8 509.9 19

20 To domestic banks 3.2 7.2 -21.7 -4.3 17.5 7.3 -13.1 20

21 Checkable deposits 0.5 -0.0 2.6 1.7 2.6 5.7 23.7 21

22 Small time and savings deposits 0.5 8.6 6.9 0.1 4.4 5.8 13.2 22

23 Large time deposits 71.4 132.8 273.4 -123.2 173.9 -49.6 -172.4 23

24 Federal funds and security RPs (net) 33.4 49.0 -13.6 -96.3 40.3 52.9 50.2 24

25 Acceptance liabilities 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 25

26 Miscellaneous liabilities 54.6 -109.0 144.8 549.5 -418.2 7.5 255.3 26

27 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 16.6 9.3 17.9 27

28 Investment by funding corporations 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 28

29 Other 24.2 -131.3 101.9 489.1 -361.2 29.6 271.1 29

30 Discrepancy 0.2 -1.2 2.6 -5.1 1.3 1.6 5.0 30

(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).
FFA, 2005-2011, September 20, 2012 21

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 0.2 0.2 0.1 0.2 0.2 0.1 0.1 1

 2 Fixed nonresidential investment 0.2 0.3 0.1 0.2 0.2 0.1 0.1 2

 3 Net acquisition of financial assets 10.2 -1.1 -0.3 -2.9 -7.3 -14.8 -4.1 3

 4 Credit market instruments 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 -4.9 4

 5 Treasury securities 0.1 -0.2 -1.9 -0.6 -0.7 0.6 -0.0 5

 6 Agency- and GSE-backed securities 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 -8.0 6

 7 Municipal securities 0.2 0.8 0.7 0.5 0.9 -0.9 0.9 7

 8 Corporate and foreign bonds -0.5 -0.4 0.1 0.0 1.5 -1.4 3.6 8

 9 Depository institution loans n.e.c. 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 1.1 9

10 Home mortgages 0.7 0.9 4.3 1.4 -0.3 -2.5 -2.4 10

11 Commercial mortgages 2.9 3.2 -2.7 0.4 -0.0 -4.0 -0.1 11

12 Miscellaneous assets 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 12

13 Net increase in liabilities 9.3 -1.3 -7.7 -3.4 -1.1 -14.8 -3.1 13

14 Net interbank liabilities 0.5 0.1 0.3 -0.6 -1.0 0.9 -1.2 14

15 Checkable deposits -0.2 0.7 1.7 -1.1 1.4 0.5 2.8 15

16 Small time and savings deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 16

17 Large time deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 17

18 Miscellaneous liabilities -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 18

19 Discrepancy -0.9 -0.2 -7.4 -0.5 6.2 -0.0 1.0 19

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

F.113 Credit Unions

Billions of dollars

 1 Gross saving 9.3 9.9 9.0 7.0 6.8 8.8 10.5 1

 2 Fixed nonresidential investment 3.5 4.2 3.8 3.9 3.5 2.8 2.9 2

 3 Net acquisition of financial assets 34.9 30.8 46.2 53.0 56.9 30.1 17.8 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 18.1 14.1 9.2 4

 5 Credit market instruments 36.1 30.1 35.3 39.9 33.2 24.6 35.3 5

 6 Open market paper -0.0 0.2 -0.5 -0.4 0.0 0.0 0.0 6

 7 Treasury securities -1.1 -0.3 3.0 -1.6 5.3 5.8 -2.4 7

 8 Agency- and GSE-backed securities -6.8 -13.9 -4.1 14.4 27.9 40.8 30.6 8

 9 Corporate and foreign bonds -1.5 7.2 3.9 -8.9 -7.0 -15.0 0.4 9

10 Depository institution loans n.e.c. 4.9 3.0 4.8 4.8 1.3 3.5 6.6 10

11 Home mortgages 27.4 26.4 27.7 32.0 4.8 0.0 3.5 11

12 Consumer credit 13.2 7.5 0.5 -0.4 0.9 -10.7 -3.4 12

13 Mutual fund shares -1.0 -0.1 -0.0 -0.0 -0.7 0.2 0.3 13

14 Miscellaneous assets -0.3 0.7 11.0 8.4 6.3 -8.7 -26.9 14

15 Net increase in liabilities 31.4 26.3 43.2 53.7 59.2 26.4 11.2 15

16 Net interbank liabilities 6.5 -1.3 1.1 -5.7 -10.9 0.7 -13.9 16

17 Shares/deposits 21.6 24.5 31.7 45.1 72.0 34.4 41.5 17

18 Checkable 7.0 -8.5 1.1 1.6 11.6 5.5 10.7 18

19 Small time and savings 12.1 30.5 25.8 43.0 43.4 26.2 27.4 19

20 Large time 2.5 2.5 4.8 0.5 17.0 2.7 3.4 20

21 Federal funds and security RPs (net) -2.6 1.6 2.6 4.8 -2.4 0.1 -15.9 21

22 Other loans and advances 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 22

23 Miscellaneous liabilities 2.6 -2.7 -5.6 1.1 14.7 -8.4 1.5 23

24 Discrepancy 2.4 1.3 2.3 3.7 5.6 2.3 0.9 24
22 FFA, 2005-2011, September 20, 2012

F.114 Property-Casualty Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving less net capital transfers paid (1) 30.6 70.2 56.1 30.0 38.3 44.2 48.3 1

 2 Fixed nonresidential investment 17.7 17.7 19.5 19.9 19.8 16.9 18.1 2

 3 Net acquisition of financial assets 75.4 64.5 43.0 25.1 38.4 -38.4 24.6 3

 4 Checkable deposits and currency -4.8 8.9 12.8 -14.8 -0.3 5.0 -8.5 4

 5 Money market fund shares -0.7 0.7 7.2 12.1 -3.2 -4.0 -1.1 5

 6 Security RPs 0.6 -0.7 1.7 0.8 0.1 -0.7 -2.0 6

 7 Credit market instruments 72.8 44.8 5.3 -15.9 33.3 3.9 27.5 7

 8 Open market paper 3.5 0.6 -3.1 5.8 -9.3 -1.9 -2.4 8

 9 Treasury securities 0.3 3.1 -38.7 -5.6 22.9 3.2 1.8 9

10 Agency- and GSE-backed securities 5.8 4.1 3.8 -11.5 1.9 -0.4 6.4 10

11 Municipal securities 45.4 22.1 36.1 10.6 -12.6 -21.0 -17.4 11

12 Corporate and foreign bonds 17.5 14.2 5.9 -15.4 30.8 24.3 38.4 12

13 Commercial mortgages 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 13

14 Corporate equities -6.1 2.3 0.5 35.1 -2.4 -20.9 2.3 14

15 Mutual fund shares 0.3 0.5 -0.5 -0.4 0.1 -0.1 -0.1 15

16 Trade receivables 2.4 4.9 -1.6 1.3 -3.7 0.8 3.4 16

17 Miscellaneous assets 10.8 3.1 17.6 6.8 14.6 -22.5 3.1 17

18 Net increase in liabilities 46.4 42.1 9.4 14.3 -4.3 3.0 16.9 18

19 Security RPs 0.1 -0.1 -0.7 1.9 -1.7 0.8 -1.1 19

20 Corporate equity issues -2.8 -8.5 -13.2 0.4 -5.3 -12.7 -10.7 20

21 Taxes payable (net) -3.1 11.0 -2.4 -28.1 5.3 5.6 -4.4 21

22 Miscellaneous liabilities 52.2 39.7 25.8 40.2 -2.6 9.3 33.1 22

23 Discrepancy -16.0 30.1 3.1 -0.6 -24.2 68.7 22.4 23

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

F.115 Life Insurance Companies

Billions of dollars

 1 Gross saving 13.4 6.5 5.2 -44.8 12.6 10.5 18.0 1

 2 Fixed nonresidential investment 12.5 13.1 14.1 14.4 14.2 12.2 13.1 2

 3 Net acquisition of financial assets 185.3 225.0 240.5 167.1 115.3 189.9 220.4 3

 4 Checkable deposits and currency -5.5 8.3 2.3 24.4 -32.1 1.0 2.0 4

 5 Money market fund shares -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 5

 6 Security RPs -1.0 -0.1 0.2 5.2 2.2 0.7 -0.8 6

 7 Credit market instruments 116.2 67.5 84.8 11.6 139.8 151.6 123.6 7

 8 Open market paper -3.0 4.3 13.1 -3.4 11.5 -8.9 -11.2 8

 9 Treasury securities 13.5 -7.6 -17.3 35.1 27.7 23.2 10.5 9

10 Agency- and GSE-backed securities 11.4 8.8 5.5 -16.7 5.8 4.0 -1.2 10

11 Municipal securities 2.4 4.1 4.8 5.7 26.1 39.2 9.3 11

12 Corporate and foreign bonds 74.7 29.7 43.1 -45.5 97.6 102.9 93.4 12

13 Other loans and advances 5.0 9.8 13.2 20.3 -12.6 -0.2 7.9 13

14 Mortgages 12.1 18.3 22.4 16.3 -16.3 -8.6 15.0 14

15 Corporate equities 65.9 71.4 84.1 81.8 33.4 45.6 37.7 15

16 Mutual fund shares -9.9 26.9 31.3 -10.7 0.0 1.0 1.1 16

17 Miscellaneous assets 23.4 41.3 39.5 37.2 -22.5 2.8 48.9 17

18 Net increase in liabilities 173.9 202.5 198.7 166.9 30.9 168.1 201.3 18

19 Security RPs 7.4 0.3 -1.1 -7.3 -0.5 -2.2 0.1 19

20 Corporate equity issues -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 20

21 Other loans and advances 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 21

22 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 16.4 92.8 22

23 Pension fund reserves (1) 142.1 100.5 118.6 65.5 25.1 104.3 88.0 23

24 Taxes payable (net) -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 24

25 Miscellaneous liabilities 19.5 50.9 67.6 46.8 -4.6 55.1 24.9 25

26 Discrepancy -10.6 -29.1 -50.7 -59.4 -86.0 -23.5 -14.2 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).
FFA, 2005-2011, September 20, 2012 23

F.116 Private Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 0.3 0.3 0.3 0.4 0.5 0.5 0.5 1

 2 Fixed nonresidential investment 0.8 0.7 1.0 0.8 0.6 0.5 0.5 2

 3 Net acquisition of financial assets 72.4 53.5 31.7 -36.8 60.0 61.2 72.0 3

 4 Checkable deposits and currency 0.3 0.4 0.6 0.5 4.2 4.5 1.1 4

 5 Time and savings deposits 6.3 0.8 4.6 0.3 4.7 0.2 0.5 5

 6 Money market fund shares 1.9 3.4 3.4 2.3 0.6 -0.1 -0.2 6

 7 Security RPs 1.0 0.8 3.4 7.3 3.1 -0.1 -4.2 7

 8 Credit market instruments 45.3 58.4 102.5 90.6 111.6 59.4 49.1 8

 9 Open market paper 3.0 0.2 -4.8 10.2 -10.5 -8.5 -1.4 9

10 Treasury securities 3.5 14.3 38.7 15.4 125.8 80.3 45.2 10

11 Agency- and GSE-backed securities 16.8 16.6 28.2 21.3 -49.0 -11.5 5.1 11

12 Corporate and foreign bonds 22.2 27.7 39.8 42.7 42.8 -2.8 0.8 12

13 Mortgages -0.2 -0.3 0.7 0.9 2.6 1.9 -0.5 13

14 Corporate equities -42.0 -86.5 -188.3 -184.6 -175.6 -50.5 -24.0 14

15 Mutual fund shares 70.0 74.9 88.1 35.5 89.8 80.9 56.1 15

16 Miscellaneous assets -10.4 1.3 17.5 11.3 21.6 -32.9 -6.2 16

17 Unallocated insurance contracts (2) -1.4 -1.5 26.3 38.2 10.1 -4.4 -0.3 17

18 Contributions receivable -1.9 -2.0 4.4 0.7 2.5 -1.3 0.2 18

19 Other -7.1 4.8 -13.2 -27.6 9.0 -27.2 -6.1 19

20 Pension fund reserves (liabilities) (3) 72.9 53.9 32.3 -36.4 60.1 61.3 72.1 20

 Memo:

 Net acquisition of financial assets (4)

21 Defined benefit plans -35.4 -46.6 -76.4 -82.4 -35.1 -31.9 -28.7 21

22 Defined contibution plans 107.8 100.1 108.1 45.6 95.1 93.1 100.7 22

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

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

(3) Equal to the net acquisition of nonfinancial and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

(4) Additional detail on defined benefit plans and defined contribution plans is available on F.116.b and F.116.c.
24 FFA, 2005-2011, September 20, 2012

F.117 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 0.3 0.4 0.6 0.7 0.8 0.8 0.9 1

 2 Fixed nonresidential investment 0.9 1.0 2.1 1.4 0.9 0.8 0.9 2

 3 Net acquisition of financial assets 5.4 45.5 0.8 17.0 -28.2 -38.5 -52.3 3

 4 Checkable deposits and currency -0.4 -2.7 4.8 -0.2 -0.0 -0.5 1.1 4

 5 Time and savings deposits -0.1 -0.5 -0.1 -0.0 -0.0 -0.0 0.0 5

 6 Money market fund shares 0.1 2.1 -1.4 1.9 -0.0 -0.4 0.9 6

 7 Security RPs -0.6 4.5 -2.5 1.8 -0.0 -0.6 1.5 7

 8 Credit market instruments 18.1 114.6 12.3 13.3 -8.8 -8.2 18.3 8

 9 Open market paper 0.1 7.6 -4.4 -12.5 -2.0 -1.6 1.4 9

10 Treasury securities 2.8 2.4 -14.6 4.8 28.1 11.1 3.3 10

11 Agency- and GSE-backed securities -0.4 49.4 23.3 6.3 -30.5 -21.7 5.1 11

12 Municipal securities -0.2 1.6 -0.8 -1.0 0.0 0.1 -0.1 12

13 Corporate and foreign bonds 14.5 55.5 13.6 15.9 -4.3 3.8 8.6 13

14 Mortgages 1.3 -2.0 -4.7 -0.3 -0.1 0.1 -0.1 14

15 Corporate equities -5.6 -70.0 -6.4 1.2 -17.3 -25.8 -65.7 15

16 Mutual fund shares -5.5 -3.4 -5.2 -1.1 -2.5 -3.8 -9.6 16

17 Miscellaneous assets -0.6 1.0 -0.6 -0.0 0.5 0.7 1.2 17

18 Pension fund reserves (liabilities) (1) 6.0 46.1 2.3 17.7 -28.0 -38.5 -52.3 18

(1) Equal to the net acquisition of nonfinancial and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

F.118 Federal Government Retirement Funds (1)

Billions of dollars

 1 Net acquisition of financial assets 54.7 50.4 47.8 78.9 78.2 81.9 86.6 1

 2 Credit market instruments 8.0 8.7 12.6 23.9 7.4 10.8 20.0 2

 3 Treasury securities 7.6 8.5 11.3 24.7 7.4 10.0 17.9 3

 4 Agency- and GSE-backed securities 0.0 -0.2 -0.2 -0.2 0.0 0.6 0.7 4

 5 Corporate and foreign bonds 0.4 0.5 1.5 -0.5 -0.0 0.2 1.4 5

 6 Corporate equities 6.7 5.9 1.9 -8.4 8.8 5.4 -4.2 6

 7 Miscellaneous assets(2) 40.0 35.8 33.3 63.3 61.9 65.7 70.8 7

 8 Pension fund reserves (liabilities) (3) 54.7 50.4 47.8 78.9 78.2 81.9 86.6 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

(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) Liabilities of the sector are assets of the household sector.
FFA, 2005-2011, September 20, 2012 25

F.119 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net acquisition of financial assets 127.0 305.3 720.9 724.2 -499.0 -502.9 -112.8 1

 2 Foreign deposits 16.2 -10.6 43.2 2.0 -32.2 8.7 -47.3 2

 3 Checkable deposits and currency -1.4 7.5 -4.8 5.6 10.4 -3.7 4.9 3

 4 Time and savings deposits 15.7 23.7 63.9 84.6 217.9 -105.2 -88.0 4

 5 Security RPs 112.0 48.7 211.3 -63.5 -62.5 -0.5 4.6 5

 6 Credit market instruments -5.5 220.0 375.6 738.6 -644.0 -410.0 7.2 6

 7 Open market paper 86.3 116.1 66.3 -56.1 -108.0 -116.3 -39.0 7

 8 Treasury securities -9.6 -5.9 95.5 399.5 -171.3 -71.0 107.9 8

 9 Agency- and GSE-backed securities -107.4 -28.7 104.5 520.3 -213.2 -140.1 0.9 9

10 Municipal securities 23.0 33.5 100.7 23.6 -93.3 -66.9 -37.9 10

11 Corporate and foreign bonds 2.2 105.1 8.5 -148.8 -58.1 -15.7 -24.6 11

12 Miscellaneous assets -10.0 15.9 31.8 -43.1 11.3 7.7 5.8 12

13 Net share issues (liabilities) 127.0 305.3 720.9 724.2 -499.0 -502.9 -112.8 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.120 Mutual Funds (1)

Billions of dollars

 1 Gross saving 21.1 11.4 13.4 -5.7 -10.6 -6.2 -16.2 1

 2 Net acquisition of financial assets 260.2 336.8 364.7 31.0 490.5 389.3 403.1 2

 3 Security RPs 2.8 17.4 -0.6 -7.4 28.6 -15.8 -28.8 3

 4 Credit market instruments 124.1 184.9 271.1 73.3 380.7 374.3 427.4 4

 5 Open market paper 2.9 17.4 -0.4 -62.5 28.6 -13.9 -26.3 5

 6 Treasury securities 6.6 5.0 18.5 8.7 67.6 41.9 82.3 6

 7 Agency- and GSE-backed securities 20.8 15.7 66.2 27.3 46.4 152.0 146.2 7

 8 Municipal securities 17.4 32.7 27.8 17.4 90.6 46.4 16.0 8

 9 Corporate and foreign bonds 65.9 104.3 123.0 69.9 146.2 148.7 190.3 9

10 Other loans and advances 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 10

11 Corporate equities 129.6 131.3 91.3 -38.1 86.3 42.8 1.7 11

12 Miscellaneous assets 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 12

13 Net share issues (liabilities) 260.2 336.8 364.7 31.0 490.5 389.3 403.1 13

14 Discrepancy 21.1 11.4 13.4 -5.7 -10.6 -6.2 -16.2 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.121 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets 20.6 8.0 17.6 -61.8 7.4 -0.0 -2.0 1

 2 Credit market instruments 2.2 6.0 -0.9 -40.7 10.7 5.0 -1.2 2

 3 Treasury securities 0.3 0.2 -1.7 -2.4 1.2 0.7 -0.3 3

 4 Municipal securities 0.2 0.0 1.9 -13.4 3.2 0.2 0.9 4

 5 Corporate and foreign bonds 1.7 5.7 -1.0 -24.9 6.2 4.1 -1.9 5

 6 Corporate equities 18.4 2.0 18.4 -21.1 -3.3 -5.0 -0.8 6

 7 Net share issues (liabilities) 20.6 8.0 17.6 -61.8 7.4 -0.0 -2.0 7

 Exchange-traded funds

 8 Net acquisition of financial assets 56.7 74.0 150.6 177.2 116.5 118.0 117.6 8

 9 Credit market instruments 6.8 5.7 13.4 23.0 46.0 29.7 46.1 9

10 Treasury securities 4.8 3.4 6.6 7.4 14.7 9.2 11.4 10

11 Municipal securities 0.0 0.0 0.6 1.7 3.6 1.7 1.0 11

12 Corporate and foreign bonds 1.9 2.4 6.2 13.9 27.6 18.7 33.6 12

13 Corporate equities 50.0 68.3 137.3 154.2 70.5 88.3 71.6 13

14 Net share issues (liabilities) 56.7 74.0 150.6 177.2 116.5 118.0 117.6 14
26 FFA, 2005-2011, September 20, 2012

F.122 Government-Sponsored Enterprises (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 4.2 4.1 4.8 6.7 9.7 10.6 8.9 1

 2 Fixed nonresidential investment 0.7 0.8 1.3 1.7 0.9 3.3 3.3 2

 3 Net acquisition of financial assets -63.5 53.5 301.4 233.7 -360.7 -314.0 -241.3 3

 4 Checkable deposits and currency -24.5 1.8 -2.7 39.7 11.1 -36.0 9.3 4

 5 Time and savings deposits 12.1 -1.5 12.8 21.9 -42.8 0.3 -12.7 5

 6 Federal funds and security RPs (net) 14.1 9.7 25.3 -28.2 7.6 20.6 -38.1 6

 7 Credit market instruments -69.1 46.6 239.0 242.9 -337.8 -328.2 -199.7 7

 8 Open market paper 8.0 18.5 -4.7 14.1 3.0 0.2 -3.4 8

 9 Treasury securities 0.2 1.2 1.3 1.2 5.1 33.3 20.2 9

10 Agency- and GSE-backed securities -135.4 -37.1 -11.1 207.0 -27.4 -85.1 -18.1 10

11 Municipal securities -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 -3.9 11

12 Corporate and foreign bonds 50.9 16.1 -17.4 -77.7 -33.8 -16.9 -33.4 12

13 Other loans and advances 52.4 33.1 237.7 38.1 -284.8 -144.7 -64.2 13

14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Farm Credit System 8.1 11.9 11.9 4.8 -0.2 7.2 -3.5 15

16 FHLB loans 44.4 21.2 225.8 33.3 -284.6 -151.9 -60.7 16

17 Mortgages -40.2 18.4 35.9 62.2 2.4 -110.8 -96.9 17

18 Home -54.7 3.7 -9.7 8.8 -11.3 -119.5 -103.5 18

19 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -232.5 -108.9 19

20 Other -54.7 3.7 -9.7 8.8 -11.3 113.0 5.5 20

21 Multifamily residential 10.5 12.4 42.3 42.5 14.2 2.0 2.8 21

22 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 25.3 24.5 22

23 Other 10.5 12.4 42.3 42.5 14.2 -23.3 -21.7 23

24 Farm 4.0 2.2 3.3 10.9 -0.5 6.7 3.7 24

25 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 26

27 Net increase in liabilities -81.7 48.3 325.6 336.4 -317.1 -263.8 -182.1 27

28 Credit market instruments -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 28

29 GSE issues (4) -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 29

30 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -207.2 -84.4 30

31 Other -84.0 35.6 282.4 271.7 -475.3 -26.5 -102.8 31

32 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Corporate equities 4.2 1.1 25.5 27.6 96.0 38.1 29.2 33

34 Miscellaneous liabilities -1.9 11.6 17.7 37.1 62.2 -68.1 -24.0 34

35 Discrepancy -14.8 -1.9 27.7 107.8 52.4 57.5 64.8 35

(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.123) 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.123 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 164.5 292.6 623.3 497.0 415.3 186.9 165.3 1

 2 Home mortgages 169.0 302.8 622.6 492.2 402.5 175.8 148.0 2

 3 Multifamily residential mortgages -4.5 -12.5 -0.7 4.6 13.0 11.3 19.4 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages -0.1 2.3 1.4 0.1 -0.2 -0.2 -2.1 5

 6 Net increase in pool securities (liabilities)(2) 164.5 292.6 623.3 497.0 415.3 186.9 165.3 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.122). 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.
FFA, 2005-2011, September 20, 2012 27

F.124 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 0.8 0.7 0.6 0.5 0.4 0.3 0.0 1

 2 Fixed nonresidential investment 0.2 0.1 0.1 0.1 0.1 0.0 0.0 2

 3 Net acquisition of financial assets 731.7 800.6 352.4 -410.7 -738.3 -505.5 -247.0 3

 4 Treasury securities 19.7 33.4 24.7 -13.6 -18.3 -13.8 -10.9 4

 5 Agency- and GSE-backed securities (1) -34.3 26.4 11.6 -23.9 -227.3 -97.5 -0.0 5

 6 Other loans and advances 20.2 65.0 88.6 37.9 -51.1 -38.9 -5.4 6

 7 Mortgages (2) 690.6 627.3 190.1 -354.9 -367.7 -295.4 -218.4 7

 8 Home 578.7 519.3 46.7 -315.2 -320.5 -241.7 -192.6 8

 9 Multifamily residential 16.6 13.1 21.5 -10.8 -5.8 -8.7 -7.7 9

10 Commercial 95.3 94.9 121.9 -28.9 -41.4 -45.1 -18.1 10

11 Consumer credit 38.4 39.9 34.1 -40.1 -39.6 -50.4 -8.0 11

12 Trade credit -2.8 8.5 3.4 -16.1 -34.3 -9.5 -4.2 12

13 Net increase in liabilities 731.0 800.0 351.9 -411.1 -738.7 -505.7 -247.0 13

14 Commercial paper 148.3 162.9 -194.2 -83.9 -266.2 -40.3 -24.1 14

15 Corporate bonds (net) (3) 582.7 637.1 546.2 -327.2 -472.5 -465.4 -222.9 15

16 Discrepancy 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) -0.6 -0.5 -0.5 -0.4 -0.4 -0.2 0.0 17

18 REIT assets (5) 17.3 2.8 -17.9 -46.7 -25.3 0.4 -3.1 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.126.

F.125 Finance Companies (1)

Billions of dollars

 1 Gross saving 68.5 69.3 76.1 88.4 90.9 65.5 72.2 1

 2 Fixed nonresidential investment 60.2 60.9 61.9 42.5 14.0 30.7 42.9 2

 3 Net acquisition of financial assets 99.0 34.3 19.9 -59.5 -189.2 -172.6 -19.1 3

 4 Checkable deposits and currency -8.9 -1.6 0.4 0.3 0.5 -1.7 4.3 4

 5 Time and savings deposits -9.1 -4.8 1.2 0.8 1.6 -5.0 12.8 5

 6 Credit market instruments 64.7 72.4 7.1 -81.9 -217.6 -117.7 -47.0 6

 7 Corporate and foreign bonds -52.5 -18.7 4.5 3.0 6.3 -19.6 0.9 7

 8 Other loans and advances 27.6 18.9 24.9 16.9 -91.0 -15.2 2.4 8

 9 Mortgages 65.4 53.0 -62.5 -84.0 -50.5 -55.9 -32.1 9

10 Consumer credit 24.2 19.2 40.2 -17.9 -82.4 -27.0 -18.2 10

11 Miscellaneous assets 52.2 -31.7 11.2 21.4 26.3 -48.1 10.8 11

12 Net increase in liabilities 63.5 48.5 26.5 -69.1 -250.2 -184.7 -26.5 12

13 Credit market instruments 33.5 34.8 34.9 -79.4 -156.2 -174.9 11.4 13

14 Open market paper -15.3 5.3 -15.1 -22.6 -38.8 1.7 22.2 14

15 Corporate bonds 43.6 42.4 -2.8 -49.6 -87.0 -111.7 -26.8 15

16 Depository institution loans n.e.c. 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16

17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable 1.9 0.0 -1.5 -0.1 -2.8 0.3 -0.6 18

19 Miscellaneous liabilities 28.2 13.7 -6.9 10.4 -91.2 -10.0 -37.3 19

20 Foreign direct investment in U.S. 6.3 5.2 -5.6 12.2 12.8 18.0 10.2 20

21 Investment by parent 25.5 26.2 -13.4 -8.4 -32.6 -15.9 -11.3 21

22 Other -3.7 -17.8 12.0 6.5 -71.5 -12.1 -36.2 22

23 Discrepancy -27.1 22.6 20.8 36.3 15.9 22.6 21.9 23

 Memo:

24 Consumer leases not included above (2) 11.2 20.6 16.9 -11.8 -25.7 -16.5 7.9 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table F.124.
28 FFA, 2005-2011, September 20, 2012

F.126 Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving -18.4 -10.7 -18.0 -11.6 7.3 -0.4 -6.4 1

 2 Fixed nonresidential investment 8.8 7.8 11.2 6.0 3.8 2.9 2.8 2

 3 Multifamily residential investment 2.5 3.5 -9.3 0.1 -0.1 4.7 6.3 3

 4 Net acquisition of financial assets 54.2 38.7 -26.1 -67.9 -9.3 41.8 118.3 4

 5 Checkable deposits and currency 1.4 4.9 -1.8 1.8 7.9 -2.8 2.1 5

 6 Credit market instruments 41.3 26.0 -19.9 -68.9 -8.7 37.1 102.9 6

 7 Agency- and GSE-backed securities -4.0 24.8 23.5 0.7 15.5 38.2 101.4 7

 8 Corporate and foreign bonds 17.0 11.6 -30.2 -22.8 3.8 5.3 1.3 8

 9 Mortgages 28.3 -10.4 -13.2 -46.9 -28.0 -6.3 0.2 9

10 Home 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 -0.7 10

11 Multifamily residential 0.3 3.1 0.2 -0.9 -2.0 -0.4 -0.2 11

12 Commercial 3.2 10.3 10.1 0.4 -4.3 -2.3 1.1 12

13 Miscellaneous assets 11.6 7.8 -4.4 -0.8 -8.5 7.4 13.3 13

14 Net increase in liabilities 89.2 59.8 25.7 -56.1 -28.5 71.0 169.0 14

15 Security RPs 13.2 14.4 -6.2 -12.3 11.1 30.0 94.9 15

16 Credit market instruments 55.4 15.5 10.2 -53.8 -50.0 -2.1 28.2 16

17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate bonds 32.8 13.9 0.7 -60.3 -41.3 -0.1 15.5 18

19 Depository institution loans n.e.c. 8.4 -5.0 4.8 -0.3 -12.1 -2.2 3.6 19

20 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 20

21 Corporate equity issues 16.1 22.2 17.1 12.8 24.2 28.2 37.5 21

22 Miscellaneous liabilities 4.5 7.7 4.6 -2.7 -13.8 14.9 8.5 22

23 Discrepancy 5.3 -0.9 31.9 -5.8 -15.6 21.2 35.3 23

 Memo:

24 Securitized assets included above 17.3 2.8 -17.9 -46.7 -25.3 0.4 -3.1 24

25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Home mortgages 15.7 -9.8 -20.2 -40.6 -25.7 1.1 -0.7 26

27 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 -0.0 27

28 Commercial mortgages 1.6 12.3 2.4 -6.1 0.4 -0.7 -2.3 28
FFA, 2005-2011, September 20, 2012 29

F.127 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 12.4 22.5 -20.7 -98.5 37.7 24.9 19.6 1

 2 Fixed nonresidential investment 14.4 18.4 25.7 21.3 25.3 18.2 18.8 2

 3 Net acquisition of financial assets 282.2 614.7 350.3 -874.8 -133.0 -9.1 -121.6 3

 4 Checkable deposits and currency -6.4 24.0 24.5 15.1 -29.4 6.2 17.9 4

 5 Credit market instruments 82.3 106.2 219.7 -85.7 -192.1 32.2 9.7 5

 6 Open market paper 12.2 4.1 22.8 -21.4 -24.2 -5.3 5.9 6

 7 Treasury securities -20.0 -2.4 7.1 250.6 -67.6 -28.5 93.3 7

 8 Agency- and GSE-backed securities -6.3 37.0 152.2 -47.5 -131.8 38.9 -2.1 8

 9 Municipal securities 10.9 8.0 -0.7 -11.4 -3.3 4.6 -8.5 9

10 Corporate and foreign bonds 77.7 39.8 27.3 -259.0 47.5 35.2 -85.9 10

11 Other loans and advances 7.7 19.8 11.1 3.1 -12.7 -12.7 6.9 11

12 Corporate equities 20.1 -0.2 25.4 -28.5 -4.6 -18.5 -7.2 12

13 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.7 13

14 Miscellaneous assets 217.7 425.1 47.3 -615.1 54.9 -104.2 -102.4 14

15 Net increase in liabilities 273.9 585.9 392.4 -683.2 -206.7 -25.0 -88.2 15

16 Security RPs (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 -191.3 16

17 Credit market instruments 0.1 6.4 -4.0 77.7 -49.7 36.9 -37.9 17

18 Corporate bonds 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 18

19 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 45.5 -45.5 0.0 0.0 19

20 Corporate equity issues 3.3 -7.6 32.3 120.2 -32.4 -11.1 14.6 20

21 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.9 21

22 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 137.0 22

23 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 23

24 From U.S.-chartered depository institutions -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 24

25 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 25

26 Taxes payable -0.1 0.7 -0.6 0.3 3.2 -2.1 -1.5 26

27 Miscellaneous liabilities 26.2 97.8 46.2 -70.7 18.4 20.7 -3.5 27

28 Foreign direct investment in U.S. -2.6 -5.1 9.0 55.8 2.1 11.7 10.4 28

29 Investment by funding corporations 133.9 49.8 16.4 104.6 -166.8 -51.5 38.6 29

30 Other -105.0 53.2 20.8 -231.1 183.1 60.5 -52.6 30

31 Proprietors’ net investment -1.2 -6.8 2.4 11.5 -3.6 0.4 -1.7 31

32 Discrepancy -10.3 -24.7 -4.3 71.9 -61.4 -9.2 34.2 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).
30 FFA, 2005-2011, September 20, 2012

F.128 Holding Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Gross saving 111.6 115.3 109.8 80.5 96.8 106.5 142.0 1

 2 Fixed nonresidential investment 29.4 29.3 39.5 52.2 53.3 43.6 45.8 2

 3 Net acquisition of financial assets 55.3 249.8 203.3 289.1 87.3 -4.6 44.6 3

 4 Time and savings deposits -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 2.4 4

 5 Federal funds and security RPs 6.4 1.0 -2.6 -6.6 19.8 2.1 0.2 5

 6 Credit market instruments -4.2 3.3 23.2 13.9 -16.0 22.1 3.1 6

 7 Treasury securities -0.9 1.4 4.6 -4.0 2.7 13.8 7.1 7

 8 Agency- and GSE-backed securities -2.3 -0.0 -1.3 15.9 -7.0 -3.2 12.0 8

 9 Corporate and foreign bonds -3.7 4.9 19.2 -0.0 -8.4 7.3 -20.1 9

10 Other loans and advances 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 10

11 Life insurance reserves 0.0 -0.4 5.3 -1.2 2.1 3.8 2.4 11

12 Miscellaneous assets 53.5 245.9 178.2 283.1 85.4 -31.2 36.5 12

13 Net transactions with depository institution subsidiaries 27.9 97.2 114.0 113.6 166.8 33.4 79.1 13

14 Net transactions with property-casualty insurance company subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net transactions with life insurance company subsidiaries 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 15

16 Net transactions with finance company subsidiaries -38.9 3.2 41.5 -7.3 -23.3 -36.2 -20.4 16

17 Net transactions with broker and dealer subsidiaries 87.0 27.2 -57.5 98.2 -173.1 -27.7 -11.7 17

18 Net transactions with foreign subsidiaries 19.6 41.3 42.2 -9.1 23.5 10.6 26.4 18

19 Other -51.8 74.2 32.7 100.1 82.3 -33.6 -46.2 19

20 Net increase in liabilities -25.3 167.0 128.1 247.9 34.8 -64.6 -50.0 20

21 Federal funds and security RPs 6.2 1.1 -2.5 -7.0 -0.2 0.2 0.4 21

22 Credit market instruments 50.1 75.0 151.9 97.3 -8.0 -16.5 -16.5 22

23 Commercial paper 4.0 20.9 35.0 -39.0 -18.1 3.9 11.1 23

24 Corporate bonds 44.2 47.8 94.4 123.0 7.8 -46.5 -91.6 24

25 Depository institution loans n.e.c. 1.9 6.4 22.5 13.3 2.3 26.1 64.0 25

26 Corporate equity issues -20.0 -19.8 -28.0 321.4 68.6 19.8 2.9 26

27 Miscellaneous liabilities -61.5 110.6 6.8 -163.8 -25.6 -68.2 -36.8 27

28 Equity, etc. -26.4 16.6 -55.1 63.0 35.6 -22.4 6.9 28

29 Other -35.1 94.0 61.9 -226.8 -61.2 -45.8 -43.8 29

30 Discrepancy 1.7 3.1 -4.9 -12.9 -8.9 2.8 1.5 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.
FFA, 2005-2011, September 20, 2012 31

F.129 Funding Corporations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net acquisition of financial assets 157.4 137.7 383.4 970.3 -430.4 -110.7 -43.2 1

 2 Money market fund shares 19.5 36.6 315.6 262.6 -171.1 -153.1 -57.3 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.0 0.0 3

 4 Credit market instruments 69.9 69.9 -49.8 665.6 -217.2 96.4 23.9 4

 5 Open market paper 95.7 73.5 -166.1 153.3 -251.1 46.0 -6.7 5

 6 Corporate and foreign bonds -29.4 -7.1 109.6 497.3 43.6 51.9 32.6 6

 7 Other loans and advances 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 8

 9 Miscellaneous assets 67.9 31.1 117.6 42.1 -67.2 -55.3 16.6 9

10 Investment in foreign banking offices 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 10

11 Investment in brokers and dealers 46.9 22.6 73.9 6.4 6.3 -23.8 50.4 11

12 Net increase in liabilities 157.4 137.7 383.4 970.3 -430.4 -110.7 -43.2 12

13 Credit market instruments 104.7 29.1 114.5 466.4 -434.8 -65.3 -64.6 13

14 Open market paper 77.1 7.5 62.9 20.1 -125.1 -47.4 -85.0 14

15 Corporate bonds 27.6 21.6 51.5 1.4 37.9 -3.2 71.6 15

16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 7.2 0.7 17

18 Corporate equities (5) 0.0 0.0 0.0 40.0 30.5 3.5 -18.4 18

19 Miscellaneous liabilities 52.6 108.5 268.9 463.9 -26.0 -48.8 39.7 19

20 Foreign direct investment in U.S. 0.6 0.6 0.6 0.6 0.6 0.6 0.6 20

21 Securities loaned (net) 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -75.0 21

22 Equity interest under PPIP 0.0 0.0 0.0 0.0 2.4 7.9 1.4 22

23 Other (net) -122.8 -194.7 270.4 816.5 1.2 66.2 112.7 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.
32 FFA, 2005-2011, September 20, 2012

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 2

 3 Rest of the world -14.1 -2.4 0.1 4.8 52.3 1.8 15.9 3

 4 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 4

 5 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.1 5

 6 Foreign currency holdings 0.6 0.7 1.0 1.3 0.7 0.5 -0.5 6

 7 Net change in assets -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 7

 8 Federal government -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 10

11 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 11

12 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 12

13 Rest of the world 0.0 0.0 0.0 0.0 47.6 0.0 0.0 13

14 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 15

16 Monetary authority 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 16

17 Monetary gold (2) -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 0.0 -0.0 0.0 0.0 -0.1 18

19 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.3 -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

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 3.0 0.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 3.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 3

 4 Asset: Monetary authority 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 4

 5 Discrepancy (seigniorage) 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 40.8 87.2 256.0 -394.3 -106.0 25.9 -32.4 1

 Held by:

 2 Household sector 2.4 5.2 15.4 -23.7 -6.4 1.6 -1.9 2

 3 Nonfinancial corporate business 9.9 -14.2 0.9 -25.5 6.8 9.6 -7.1 3

 4 Money market mutual funds 16.2 -10.6 43.2 2.0 -32.2 8.7 -47.3 4

 5 Discrepancy--unallocated assets 12.3 106.8 196.5 -347.1 -74.3 6.0 23.9 5
FFA, 2005-2011, September 20, 2012 33

F.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 13.7 28.1 -53.4 1823.0 -590.9 -174.4 854.6 1

 2 Monetary authority 3.6 1.3 5.4 842.0 114.2 -11.1 602.3 2

 3 U.S.-chartered depository institutions 8.7 99.3 130.9 746.9 -534.3 -213.0 -229.4 3

 4 Foreign banking offices in U.S. -5.6 -71.3 -191.1 240.4 -158.9 48.2 496.8 4

 5 Banks in U.S.-affiliated areas 0.5 0.1 0.3 -0.6 -1.0 0.9 -1.2 5

 6 Credit unions 6.5 -1.3 1.1 -5.7 -10.9 0.7 -13.9 6

 7 Net change in assets 10.9 32.0 -57.2 1762.3 -619.9 -155.0 824.4 7

 8 Rest of the world 7.3 31.9 -111.4 410.8 -270.4 -48.2 221.4 8

 9 Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 9

10 U.S.-chartered depository institutions 3.4 1.6 5.0 599.3 50.9 -91.9 232.9 10

11 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 11

12 Credit unions 0.0 0.0 0.0 4.7 18.1 14.1 9.2 12

13 Discrepancy 2.8 -3.8 3.8 60.7 29.0 -19.4 30.1 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 14

15 Asset: U.S.-chartered depository institutions 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 15

 Depository institution reserves:

16 Liab.: Monetary authority -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 16

17 Asset: U.S.-chartered depository institutions -5.2 -0.1 1.7 596.6 53.7 -89.7 224.8 17

18 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 18

19 Credit unions 0.0 0.0 0.0 4.7 18.1 14.1 9.2 19

 Other transactions with the monetary authority

20 Liab: U.S.-chartered depository institutions -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 20

21 Asset: Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 21

22 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 22

23 Loans 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 23

 Transactions with banks in foreign countries (net):

24 Liab.: U.S.-chartered depository institutions (net) 3.5 111.4 63.9 172.6 -109.3 -83.3 -290.0 24

25 Due to foreign affiliates 20.2 98.8 64.2 131.5 -21.3 22.7 -218.3 25

26 - Due from foreign affiliates 16.8 -12.6 0.3 -41.1 88.0 106.0 71.7 26

27 Foreign banking offices in U.S. (net) -8.6 -79.2 -168.8 244.3 -171.2 43.9 508.4 27

28 Due to foreign affiliates 59.6 190.6 4.5 7.4 2.5 96.7 193.8 28

29 - Due from foreign affiliates 68.2 269.8 173.3 -236.9 173.7 52.7 -314.6 29

30 Less: Deposits at foreign banks -12.4 0.3 6.6 6.2 -10.1 8.8 -3.0 30

31 U.S.-chartered depository institutions -12.6 0.9 6.0 6.6 -15.2 5.7 -1.5 31

32 Foreign banking offices in U.S. 0.2 -0.6 0.6 -0.4 5.1 3.1 -1.5 32

33 Asset: Rest of the world (1) 7.3 31.9 -111.4 410.8 -270.4 -48.2 221.4 33

 Transactions between U.S. depository institutions (net) (2):

34 U.S.-chartered depository institutions (net) -7.4 -9.9 24.1 71.3 23.5 -28.2 58.3 34

35 Due to (3): -11.7 12.2 17.7 19.7 18.7 -22.7 45.2 35

36 Foreign banking offices in U.S. -7.6 14.8 15.4 -47.3 -22.2 -1.7 -0.0 36

37 Banks in U.S.-affiliated areas -0.5 -0.1 -0.3 0.6 1.0 -0.9 1.2 37

38 Credit unions -6.5 1.3 -1.1 5.7 10.9 -0.7 13.9 38

39 - Due from: Foreign banking offices in U.S. -4.3 22.1 -6.3 -51.6 -4.7 5.6 -13.1 39

40 Unallocated (2) 2.8 -3.8 3.8 60.7 29.0 -19.4 30.1 40

(1) Sum of lines 24 and 27 less line 30.

(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 40), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 36, 37, 38, and 40.
34 FFA, 2005-2011, September 20, 2012

F.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 1

 2 Monetary authority 30.1 23.5 17.8 428.2 -117.6 185.0 -122.1 2

 3 Federal government cash and deposits -1.4 0.2 11.4 349.3 -173.8 149.0 -255.0 3

 4 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 51.1 4

 5 Deposits due to foreign 0.0 0.0 -0.0 1.3 1.0 0.9 -3.2 5

 6 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 85.0 6

 7 U.S.-chartered depository institutions -33.0 -35.7 13.5 137.9 94.0 69.6 319.4 7

 8 Federal government deposits 7.0 -5.9 14.9 -39.5 0.3 -0.1 -2.7 8

 9 Deposits due to foreign 6.2 9.4 5.0 31.2 -28.7 -3.8 24.3 9

10 Private domestic deposits -46.1 -39.2 -6.3 146.2 122.4 73.5 297.8 10

11 Foreign banking offices in U.S. 0.5 -0.0 2.6 1.7 2.6 5.7 23.7 11

12 Deposits due to foreign 0.2 -0.2 0.3 2.4 5.8 4.1 4.4 12

13 Private domestic deposits 0.3 0.2 2.3 -0.7 -3.2 1.7 19.3 13

14 Banks in U.S.-affiliated areas -0.2 0.7 1.7 -1.1 1.4 0.5 2.8 14

15 Credit unions 7.0 -8.5 1.1 1.6 11.6 5.5 10.7 15

16 Net change in assets 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 16

17 Household sector -114.2 -40.0 -74.6 224.4 24.0 -25.6 292.3 17

18 Nonfinancial business 137.5 -42.5 59.3 -108.8 160.3 136.0 68.6 18

19 Corporate 60.8 -117.2 -7.6 -112.6 139.8 155.8 69.0 19

20 Noncorporate 76.6 74.6 66.9 3.8 20.4 -19.8 -0.4 20

21 State and local governments 9.5 5.4 -4.8 8.5 19.2 6.7 15.9 21

22 Federal government 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 22

23 Rest of the world 14.9 11.4 -5.4 64.0 -9.2 29.5 80.5 23

24 Checkable deposits 6.4 9.2 5.2 34.8 -21.8 1.2 25.5 24

25 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 55.0 25

26 Financial sectors -50.4 51.5 36.0 72.4 -27.7 -28.0 34.1 26

27 Property-casualty insurance companies -4.8 8.9 12.8 -14.8 -0.3 5.0 -8.5 27

28 Life insurance companies -5.5 8.3 2.3 24.4 -32.1 1.0 2.0 28

29 Private pension funds 0.3 0.4 0.6 0.5 4.2 4.5 1.1 29

30 State and local govt. retirement funds -0.4 -2.7 4.8 -0.2 -0.0 -0.5 1.1 30

31 Money market mutual funds -1.4 7.5 -4.8 5.6 10.4 -3.7 4.9 31

32 Government-sponsored enterprises -24.5 1.8 -2.7 39.7 11.1 -36.0 9.3 32

33 Finance companies -8.9 -1.6 0.4 0.3 0.5 -1.7 4.3 33

34 REITs 1.4 4.9 -1.8 1.8 7.9 -2.8 2.1 34

35 Brokers and dealers -6.4 24.0 24.5 15.1 -29.4 6.2 17.9 35

36 Mail float -4.9 -3.0 1.0 -5.2 -0.3 -1.1 0.8 36
FFA, 2005-2011, September 20, 2012 35

F.205 Time and Savings Deposits

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 598.9 608.2 599.9 334.2 375.4 116.1 372.8 1

 2 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.4 577.3 2

 3 U.S.-chartered depository institutions 296.9 306.7 282.7 480.6 472.3 271.7 537.1 3

 4 Foreign banking offices in U.S. 0.5 8.6 6.9 0.1 4.4 5.8 13.2 4

 5 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 5

 6 Credit unions 12.1 30.5 25.8 43.0 43.4 26.2 27.4 6

 7 Large time deposits (1) 284.4 261.2 283.4 -190.6 -141.8 -182.3 -204.6 7

 8 U.S.-chartered depository institutions 205.6 124.7 4.1 -69.0 -329.8 -130.2 -35.3 8

 9 Foreign banking offices in U.S. 71.4 132.8 273.4 -123.2 173.9 -49.6 -172.4 9

10 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 10

11 Credit unions 2.5 2.5 4.8 0.5 17.0 2.7 3.4 11

12 Net change in assets 598.9 608.2 599.9 334.2 375.4 116.1 372.8 12

13 Household sector 482.5 485.5 481.1 204.2 127.6 201.5 379.1 13

14 Nonfinancial business 73.4 66.9 -40.7 -60.7 102.1 9.1 24.1 14

15 Corporate 49.9 46.6 -55.7 -59.4 106.9 22.6 25.3 15

16 Noncorporate 23.5 20.3 14.9 -1.2 -4.8 -13.5 -1.2 16

17 State and local governments 12.8 26.2 36.4 19.1 10.8 -0.4 18.0 17

18 Federal government -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 18

19 Rest of the world 6.7 11.5 40.3 65.5 -43.1 16.9 36.7 19

20 Financial sectors 24.5 17.8 81.7 107.4 177.6 -111.0 -84.9 20

21 Private pension funds 6.3 0.8 4.6 0.3 4.7 0.2 0.5 21

22 State and local govt. retirement funds -0.1 -0.5 -0.1 -0.0 -0.0 -0.0 0.0 22

23 Money market mutual funds 15.7 23.7 63.9 84.6 217.9 -105.2 -88.0 23

24 Government-sponsored enterprises 12.1 -1.5 12.8 21.9 -42.8 0.3 -12.7 24

25 Finance companies -9.1 -4.8 1.2 0.8 1.6 -5.0 12.8 25

26 Holding companies -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 2.4 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 127.0 305.3 720.9 724.2 -499.0 -502.9 -112.8 1

 2 Net purchases 127.0 305.3 720.9 724.2 -499.0 -502.9 -112.8 2

 3 Household sector 45.2 165.2 232.2 235.1 -268.7 -174.7 -21.8 3

 4 Nonfinancial corporate business 52.7 69.1 127.2 162.2 -69.0 -156.9 -32.8 4

 5 Nonfinancial noncorporate business 2.4 3.2 2.2 1.0 -1.7 -2.8 -0.3 5

 6 State and local governments 9.5 11.1 17.3 5.7 12.4 8.7 -2.7 6

 7 Rest of the world 0.1 4.1 19.0 23.7 7.2 -7.1 -5.4 7

 8 Property-casualty insurance companies -0.7 0.7 7.2 12.1 -3.2 -4.0 -1.1 8

 9 Life insurance companies -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 9

10 Private pension funds 1.9 3.4 3.4 2.3 0.6 -0.1 -0.2 10

11 State and local govt. retirement funds 0.1 2.1 -1.4 1.9 -0.0 -0.4 0.9 11

12 Funding corporations 19.5 36.6 315.6 262.6 -171.1 -153.1 -57.3 12
36 FFA, 2005-2011, September 20, 2012

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 319.1 396.5 -19.2 -880.3 247.8 -192.5 -137.0 1

 2 Monetary authority -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 2

 3 Private depository institutions (net) 85.7 43.4 -98.6 -339.6 307.2 -137.2 -80.2 3

 4 U.S.-chartered depository institutions (net) 54.8 -7.2 -87.5 -248.1 269.4 -190.3 -114.5 4

 5 Foreign banking offices in U.S. (net) 33.4 49.0 -13.6 -96.3 40.3 52.9 50.2 5

 6 Credit unions (net) -2.6 1.6 2.6 4.8 -2.4 0.1 -15.9 6

 7 Property-casualty insurance companies 0.1 -0.1 -0.7 1.9 -1.7 0.8 -1.1 7

 8 Life insurance companies 7.4 0.3 -1.1 -7.3 -0.5 -2.2 0.1 8

 9 REITs 13.2 14.4 -6.2 -12.3 11.1 30.0 94.9 9

10 Brokers and dealers (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 -191.3 10

11 Holding companies 6.2 1.1 -2.5 -7.0 -0.2 0.2 0.4 11

12 Net change in assets 201.9 78.9 205.6 -279.8 -227.7 -121.2 -23.7 12

13 Nonfinancial corporate business 8.1 1.0 -7.5 -0.9 0.7 4.2 0.7 13

14 State and local governments -0.9 0.4 6.4 -7.8 -1.1 -4.9 -8.0 14

15 Rest of the world (net) 45.5 2.4 -35.2 -214.0 -146.4 -126.1 51.2 15

16 Monetary authority 13.8 -6.0 5.8 33.5 -80.0 0.0 0.0 16

17 Property-casualty insurance companies 0.6 -0.7 1.7 0.8 0.1 -0.7 -2.0 17

18 Life insurance companies -1.0 -0.1 0.2 5.2 2.2 0.7 -0.8 18

19 Private pension funds 1.0 0.8 3.4 7.3 3.1 -0.1 -4.2 19

20 State and local govt. retirement funds -0.6 4.5 -2.5 1.8 -0.0 -0.6 1.5 20

21 Money market mutual funds 112.0 48.7 211.3 -63.5 -62.5 -0.5 4.6 21

22 Mutual funds 2.8 17.4 -0.6 -7.4 28.6 -15.8 -28.8 22

23 Government-sponsored enterprises (net) 14.1 9.7 25.3 -28.2 7.6 20.6 -38.1 23

24 Holding companies 6.4 1.0 -2.6 -6.6 19.8 2.1 0.2 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.0 0.0 25

26 Discrepancy--unallocated assets 117.2 317.6 -224.8 -600.6 475.6 -71.3 -113.3 26
FFA, 2005-2011, September 20, 2012 37

F.208 Open Market Paper

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total net issues, all types 245.1 317.1 -169.4 -189.0 -461.9 -79.9 -88.2 1

 2 Commercial paper 245.1 317.4 -169.4 -188.8 -461.9 -79.9 -88.2 2

 3 Nonfinancial corporate business -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 3

 4 Foreign issues in U.S. 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 4

 5 Nonfinancial 15.7 -1.9 2.0 20.7 -15.2 -3.8 -0.5 5

 6 Financial 22.9 100.3 -71.3 -91.7 74.5 1.1 -53.0 6

 7 Financial sectors 214.2 196.6 -111.4 -125.4 -448.2 -101.7 -68.1 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 -19.7 7.7 8

 9 ABS issuers 148.3 162.9 -194.2 -83.9 -266.2 -40.3 -24.1 9

10 Finance companies -15.3 5.3 -15.1 -22.6 -38.8 1.7 22.2 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Holding companies 4.0 20.9 35.0 -39.0 -18.1 3.9 11.1 12

13 Funding corporations 77.1 7.5 62.9 20.1 -125.1 -47.4 -85.0 13

14 Bankers’ acceptances (1) 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 14

15 U.S.-chartered depository institutions -0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 16

17 Net purchases, by sector 245.1 317.1 -169.4 -189.0 -461.9 -79.9 -88.2 17

18 Household sector 14.7 19.0 -10.2 -101.3 28.7 28.8 -5.3 18

19 Nonfinancial corporate business 16.0 11.7 -53.2 -12.2 -1.3 11.8 -8.5 19

20 State and local governments -4.2 -2.8 -15.8 -73.1 -70.2 -9.8 9.1 20

21 Rest of the world 9.9 46.7 -8.3 -45.1 -41.4 -0.5 -0.3 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 15.7 -15.7 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 24

25 Credit unions -0.0 0.2 -0.5 -0.4 0.0 0.0 0.0 25

26 Property-casualty insurance companies 3.5 0.6 -3.1 5.8 -9.3 -1.9 -2.4 26

27 Life insurance companies -3.0 4.3 13.1 -3.4 11.5 -8.9 -11.2 27

28 Private pension funds 3.0 0.2 -4.8 10.2 -10.5 -8.5 -1.4 28

29 State and local govt. retirement funds 0.1 7.6 -4.4 -12.5 -2.0 -1.6 1.4 29

30 Money market mutual funds 86.3 116.1 66.3 -56.1 -108.0 -116.3 -39.0 30

31 Mutual funds 2.9 17.4 -0.4 -62.5 28.6 -13.9 -26.3 31

32 Government-sponsored enterprises 8.0 18.5 -4.7 14.1 3.0 0.2 -3.4 32

33 Brokers and dealers 12.2 4.1 22.8 -21.4 -24.2 -5.3 5.9 33

34 Funding corporations 95.7 73.5 -166.1 153.3 -251.1 46.0 -6.7 34

(1) Excludes banks’ holdings of own acceptances.
38 FFA, 2005-2011, September 20, 2012

F.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net issues 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1

 2 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 2

 3 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 -249.5 3

 4 Other Treasury securities 347.1 206.4 184.7 379.8 1519.8 1601.8 1319.0 4

 5 Net purchases 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 5

 6 Household sector -104.5 -98.2 -68.1 143.5 410.8 368.9 -268.1 6

 7 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 7

 8 Bills and other Treasury securities -105.2 -95.4 -62.1 146.0 413.6 372.2 -265.4 8

 9 Nonfinancial corporate business 18.1 -6.7 -7.1 -7.9 12.5 4.9 -0.2 9

10 Nonfinancial noncorporate business 6.0 0.2 3.0 -7.5 -5.7 -1.8 -0.2 10

11 State and local governments 94.3 45.8 36.4 -37.2 30.3 6.4 -61.9 11

12 Rest of the world 245.1 150.3 165.3 711.6 554.4 739.8 412.1 12

13 Treasury bills -58.9 -11.4 49.4 455.3 -7.6 -40.2 -62.0 13

14 Other Treasury securities 304.1 161.7 115.9 256.3 562.0 780.0 474.1 14

15 Monetary authority 26.4 34.7 -38.3 -264.7 300.7 244.9 642.0 15

16 Treasury bills 8.3 5.7 -49.2 -209.4 0.0 0.0 0.0 16

17 Other Treasury securities 18.1 29.0 10.9 -55.3 300.7 244.9 642.0 17

18 U.S.-chartered depository institutions -6.1 2.2 5.6 -23.7 68.1 93.0 -43.7 18

19 Foreign banking offices in U.S. 0.1 -1.0 3.6 5.1 22.0 3.5 -0.5 19

20 Banks in U.S.-affiliated areas 0.1 -0.2 -1.9 -0.6 -0.7 0.6 -0.0 20

21 Credit unions -1.1 -0.3 3.0 -1.6 5.3 5.8 -2.4 21

22 Property-casualty insurance companies 0.3 3.1 -38.7 -5.6 22.9 3.2 1.8 22

23 Life insurance companies 13.5 -7.6 -17.3 35.1 27.7 23.2 10.5 23

24 Private pension funds 3.5 14.3 38.7 15.4 125.8 80.3 45.2 24

25 State and local govt. retirement funds 2.8 2.4 -14.6 4.8 28.1 11.1 3.3 25

26 Federal government retirement funds 7.6 8.5 11.3 24.7 7.4 10.0 17.9 26

27 Money market mutual funds -9.6 -5.9 95.5 399.5 -171.3 -71.0 107.9 27

28 Mutual funds 6.6 5.0 18.5 8.7 67.6 41.9 82.3 28

29 Closed-end funds 0.3 0.2 -1.7 -2.4 1.2 0.7 -0.3 29

30 Exchange-traded funds 4.8 3.4 6.6 7.4 14.7 9.2 11.4 30

31 Government-sponsored enterprises 0.2 1.2 1.3 1.2 5.1 33.3 20.2 31

32 ABS issuers 19.7 33.4 24.7 -13.6 -18.3 -13.8 -10.9 32

33 Brokers and dealers -20.0 -2.4 7.1 250.6 -67.6 -28.5 93.3 33

34 Holding companies -0.9 1.4 4.6 -4.0 2.7 13.8 7.1 34

 Memo:

35 Federal government borrowing (1) 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 35

(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).
FFA, 2005-2011, September 20, 2012 39

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net issues 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 1

 2 Budget agencies -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 2

 3 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 3

 4 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 4

 5 Net purchases 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 5

 6 Household sector 113.5 -50.5 324.6 89.5 -565.3 1.3 -25.3 6

 7 Nonfinancial corporate business 6.0 -2.2 -2.4 -2.6 4.2 1.6 -0.1 7

 8 State and local governments 15.6 21.0 43.9 -4.6 -19.3 -13.5 -45.3 8

 9 Federal government 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 9

10 Rest of the world 134.3 224.0 248.8 -228.6 -226.0 -72.3 -24.2 10

11 Monetary authority 0.0 0.0 0.0 19.7 1048.5 71.4 -197.9 11

12 U.S.-chartered depository institutions 52.5 34.2 -111.0 136.2 168.0 110.1 106.9 12

13 Foreign banking offices in U.S. -0.9 4.2 2.0 -6.5 -19.3 -4.8 4.0 13

14 Banks in U.S.-affiliated areas 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 -8.0 14

15 Credit unions -6.8 -13.9 -4.1 14.4 27.9 40.8 30.6 15

16 Property-casualty insurance companies 5.8 4.1 3.8 -11.5 1.9 -0.4 6.4 16

17 Life insurance companies 11.4 8.8 5.5 -16.7 5.8 4.0 -1.2 17

18 Private pension funds 16.8 16.6 28.2 21.3 -49.0 -11.5 5.1 18

19 State and local govt. retirement funds -0.4 49.4 23.3 6.3 -30.5 -21.7 5.1 19

20 Federal government retirement funds 0.0 -0.2 -0.2 -0.2 0.0 0.6 0.7 20

21 Money market mutual funds -107.4 -28.7 104.5 520.3 -213.2 -140.1 0.9 21

22 Mutual funds 20.8 15.7 66.2 27.3 46.4 152.0 146.2 22

23 Government-sponsored enterprises -135.4 -37.1 -11.1 207.0 -27.4 -85.1 -18.1 23

24 ABS issuers -34.3 26.4 11.6 -23.9 -227.3 -97.5 -0.0 24

25 REITs -4.0 24.8 23.5 0.7 15.5 38.2 101.4 25

26 Brokers and dealers -6.3 37.0 152.2 -47.5 -131.8 38.9 -2.1 26

27 Holding companies -2.3 -0.0 -1.3 15.9 -7.0 -3.2 12.0 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 35.
40 FFA, 2005-2011, September 20, 2012

F.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 193.6 168.3 235.9 95.3 154.5 97.7 -52.2 1

 2 State and local governments 136.6 97.7 146.2 19.2 110.7 65.3 -59.5 2

 3 Short-term (1) -1.6 -8.2 16.8 4.7 7.7 -0.6 -10.7 3

 4 Long-term 138.2 105.9 129.4 14.4 102.9 66.0 -48.8 4

 5 Nonprofit organizations (2) 14.8 16.3 20.6 8.0 6.0 -2.3 -7.8 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 42.2 54.3 69.0 68.2 37.8 34.7 15.1 6

 7 Net change in assets 193.6 168.3 235.9 95.3 154.5 97.7 -52.2 7

 8 Household sector 76.6 41.1 42.9 41.0 128.4 57.5 -61.4 8

 9 Nonfinancial corporate business 0.3 -4.0 1.1 -3.0 0.9 -3.0 -4.5 9

10 Nonfinancial noncorporate business 0.1 1.3 -0.5 -0.4 0.2 -0.2 -0.0 10

11 State and local governments 0.9 1.1 1.6 0.7 1.2 0.9 -0.2 11

12 Rest of the world 3.0 5.4 10.7 5.4 8.2 13.1 10.9 12

13 U.S.-chartered depository institutions 18.3 24.2 11.9 19.9 2.4 30.3 42.6 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.2 0.8 0.7 0.5 0.9 -0.9 0.9 15

16 Property-casualty insurance companies 45.4 22.1 36.1 10.6 -12.6 -21.0 -17.4 16

17 Life insurance companies 2.4 4.1 4.8 5.7 26.1 39.2 9.3 17

18 State and local govt. retirement funds -0.2 1.6 -0.8 -1.0 0.0 0.1 -0.1 18

19 Money market mutual funds 23.0 33.5 100.7 23.6 -93.3 -66.9 -37.9 19

20 Mutual funds 17.4 32.7 27.8 17.4 90.6 46.4 16.0 20

21 Closed-end funds 0.2 0.0 1.9 -13.4 3.2 0.2 0.9 21

22 Exchange-traded funds 0.0 0.0 0.6 1.7 3.6 1.7 1.0 22

23 Government-sponsored enterprises -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 -3.9 23

24 Brokers and dealers 10.9 8.0 -0.7 -11.4 -3.3 4.6 -8.5 24

(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).
FFA, 2005-2011, September 20, 2012 41

F.212 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net issues 863.4 1234.9 1240.7 -233.8 -36.7 -100.6 129.3 1

 2 Nonfinancial corporate business 54.2 208.3 311.1 205.5 387.6 422.8 384.6 2

 3 Rest of the world (1) 64.5 227.8 218.7 -158.8 163.3 59.9 57.8 3

 4 Financial sectors 744.6 798.8 710.9 -280.5 -587.6 -583.3 -313.0 4

 5 U.S.-chartered depository institutions 13.5 29.6 24.8 0.1 -28.5 6.7 -21.0 5

 6 ABS issuers (net) (3) 582.7 637.1 546.2 -327.2 -472.5 -465.4 -222.9 6

 7 Finance companies 43.6 42.4 -2.8 -49.6 -87.0 -111.7 -26.8 7

 8 REITs 32.8 13.9 0.7 -60.3 -41.3 -0.1 15.5 8

 9 Brokers and dealers 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 9

10 Holding companies 44.2 47.8 94.4 123.0 7.8 -46.5 -91.6 10

11 Funding corporations 27.6 21.6 51.5 1.4 37.9 -3.2 71.6 11

12 Net purchases 863.4 1234.9 1240.7 -233.8 -36.7 -100.6 129.3 12

13 Household sector 122.2 186.7 216.3 -218.3 -127.8 -287.4 -26.7 13

14 State and local governments 5.1 6.9 14.2 -1.3 6.8 2.3 -6.4 14

15 Federal government 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 15

16 Rest of the world (2) 328.5 541.0 424.6 -21.4 -127.7 -37.0 -80.7 16

17 U.S.-chartered depository institutions 68.1 72.2 151.2 -64.1 25.9 -98.8 3.0 17

18 Foreign banking offices in U.S. 80.6 29.8 77.0 32.1 -156.7 -11.0 0.6 18

19 Banks in U.S.-affiliated areas -0.5 -0.4 0.1 0.0 1.5 -1.4 3.6 19

20 Credit unions -1.5 7.2 3.9 -8.9 -7.0 -15.0 0.4 20

21 Property-casualty insurance companies 17.5 14.2 5.9 -15.4 30.8 24.3 38.4 21

22 Life insurance companies 74.7 29.7 43.1 -45.5 97.6 102.9 93.4 22

23 Private pension funds 22.2 27.7 39.8 42.7 42.8 -2.8 0.8 23

24 State and local govt. retirement funds 14.5 55.5 13.6 15.9 -4.3 3.8 8.6 24

25 Federal government retirement funds 0.4 0.5 1.5 -0.5 -0.0 0.2 1.4 25

26 Money market mutual funds 2.2 105.1 8.5 -148.8 -58.1 -15.7 -24.6 26

27 Mutual funds 65.9 104.3 123.0 69.9 146.2 148.7 190.3 27

28 Closed-end funds 1.7 5.7 -1.0 -24.9 6.2 4.1 -1.9 28

29 Exchange-traded funds 1.9 2.4 6.2 13.9 27.6 18.7 33.6 29

30 Government-sponsored enterprises 50.9 16.1 -17.4 -77.7 -33.8 -16.9 -33.4 30

31 Finance companies -52.5 -18.7 4.5 3.0 6.3 -19.6 0.9 31

32 REITs 17.0 11.6 -30.2 -22.8 3.8 5.3 1.3 32

33 Brokers and dealers 77.7 39.8 27.3 -259.0 47.5 35.2 -85.9 33

34 Holding companies -3.7 4.9 19.2 -0.0 -8.4 7.3 -20.1 34

35 Funding corporations -29.4 -7.1 109.6 497.3 43.6 51.9 32.6 35

(1) Net purchases of foreign issues by U.S. residents.

(2) Net purchases of U.S. issues by foreign residents.

(3) Net issuance less net acquisition of corporate bonds held as assets.
42 FFA, 2005-2011, September 20, 2012

F.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net issues -76.7 -368.9 -460.3 264.8 315.3 -8.1 -218.1 1

 2 Nonfinancial corporate business -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 -472.7 2

 3 Rest of the world (2) 186.7 137.3 147.8 -38.5 63.7 79.1 89.0 3

 4 Financial sectors 78.5 59.5 178.7 639.3 316.2 190.8 165.5 4

 5 U.S.-chartered depository institutions 8.4 10.2 7.5 12.1 11.6 11.9 6.4 5

 6 Property-casualty insurance companies -2.8 -8.5 -13.2 0.4 -5.3 -12.7 -10.7 6

 7 Life insurance companies -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 7

 8 Closed-end funds 20.6 8.0 17.6 -61.8 7.4 -0.0 -2.0 8

 9 Exchange-traded funds 56.7 74.0 150.6 177.2 116.5 118.0 117.6 9

10 REITs 16.1 22.2 17.1 12.8 24.2 28.2 37.5 10

11 Government-sponsored enterprises 4.2 1.1 25.5 27.6 96.0 38.1 29.2 11

12 Brokers and dealers 3.3 -7.6 32.3 120.2 -32.4 -11.1 14.6 12

13 Holding companies -20.0 -19.8 -28.0 321.4 68.6 19.8 2.9 13

14 Funding corporations (3) 0.0 0.0 0.0 40.0 30.5 3.5 -18.4 14

15 Net purchases -76.7 -368.9 -460.3 264.8 315.3 -8.1 -218.1 15

16 Household sector -365.5 -579.0 -842.3 -99.1 90.7 -136.1 -173.9 16

17 State and local governments -4.2 -10.0 -1.9 9.8 16.0 -30.8 -6.0 17

18 Federal government 0.0 0.0 0.0 256.3 0.6 24.1 40.0 18

19 Rest of the world (4) 56.9 96.2 218.5 105.1 155.6 72.5 -37.7 19

20 Monetary authority 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 20

21 U.S.-chartered depository institutions -0.9 -0.4 1.4 0.9 6.3 -1.8 1.0 21

22 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 -0.0 22

23 Property-casualty insurance companies -6.1 2.3 0.5 35.1 -2.4 -20.9 2.3 23

24 Life insurance companies 65.9 71.4 84.1 81.8 33.4 45.6 37.7 24

25 Private pension funds -42.0 -86.5 -188.3 -184.6 -175.6 -50.5 -24.0 25

26 State and local govt. retirement funds -5.6 -70.0 -6.4 1.2 -17.3 -25.8 -65.7 26

27 Federal government retirement funds 6.7 5.9 1.9 -8.4 8.8 5.4 -4.2 27

28 Mutual funds 129.6 131.3 91.3 -38.1 86.3 42.8 1.7 28

29 Closed-end funds 18.4 2.0 18.4 -21.1 -3.3 -5.0 -0.8 29

30 Exchange-traded funds 50.0 68.3 137.3 154.2 70.5 88.3 71.6 30

31 Brokers and dealers 20.1 -0.2 25.4 -28.5 -4.6 -18.5 -7.2 31

32 Funding corporations 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 32

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues 260.2 336.8 364.7 31.0 490.5 389.3 403.1 1

 2 Net purchases 260.2 336.8 364.7 31.0 490.5 389.3 403.1 2

 3 Household sector 174.5 167.0 212.8 8.3 305.9 203.0 298.4 3

 4 Nonfinancial corporate business 0.7 23.6 -4.8 -16.7 35.5 11.2 -11.2 4

 5 State and local governments 0.5 -1.6 1.2 16.7 -8.8 -9.5 -1.6 5

 6 Rest of the world 32.2 45.2 38.2 -2.0 56.5 112.2 70.5 6

 7 U.S.-chartered depository institutions -1.8 3.9 3.6 1.3 14.8 -5.8 -0.8 7

 8 Credit unions -1.0 -0.1 -0.0 -0.0 -0.7 0.2 0.3 8

 9 Property-casualty insurance companies 0.3 0.5 -0.5 -0.4 0.1 -0.1 -0.1 9

10 Life insurance companies -9.9 26.9 31.3 -10.7 0.0 1.0 1.1 10

11 Private pension funds 70.0 74.9 88.1 35.5 89.8 80.9 56.1 11

12 State and local govt. retirement funds -5.5 -3.4 -5.2 -1.1 -2.5 -3.8 -9.6 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
FFA, 2005-2011, September 20, 2012 43

F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 169.0 151.7 332.1 689.9 -749.7 -96.5 132.5 1

 2 Household sector 8.2 12.0 -9.1 4.6 33.0 52.4 -53.9 2

 3 Corporate business -27.1 22.1 96.3 64.2 -219.8 -33.4 73.4 3

 4 Noncorporate business 157.9 115.3 140.8 119.6 -116.3 -70.4 52.2 4

 5 Rest of the world 14.5 13.8 24.1 5.1 -11.2 17.9 29.2 5

 6 Foreign official institutions -2.9 -0.7 -0.0 0.7 0.6 1.1 -1.7 6

 7 Foreign banks 4.7 3.8 8.3 2.8 -5.1 11.8 11.3 7

 8 Other foreign 12.7 10.7 15.8 1.6 -6.6 4.9 19.5 8

 9 Financial sectors 15.5 -11.5 80.1 496.4 -435.4 -62.9 31.6 9

10 Finance companies 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 10

11 REITs 8.4 -5.0 4.8 -0.3 -12.1 -2.2 3.6 11

12 Brokers and dealers 0.0 0.0 0.0 45.5 -45.5 0.0 0.0 12

13 Holding companies 1.9 6.4 22.5 13.3 2.3 26.1 64.0 13

14 Funding corporations 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 14

15 Net change in assets 169.0 151.7 332.1 689.9 -749.7 -96.5 132.5 15

16 Monetary authority (2) 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 16

17 U.S.-chartered depository institutions 96.9 81.9 226.6 131.2 -277.7 -35.9 156.3 17

18 Foreign banking offices in U.S. 61.5 67.1 105.0 65.1 -125.4 -16.1 36.1 18

19 Banks in U.S.-affiliated areas 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 1.1 19

20 Credit unions 4.9 3.0 4.8 4.8 1.3 3.5 6.6 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.
44 FFA, 2005-2011, September 20, 2012

F.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total other loans and advances 156.9 163.9 528.1 99.6 -428.0 -228.8 12.5 1

 2 U.S. government loans -7.0 0.6 -2.2 6.1 66.1 3.6 4.9 2

 3 Liab.: Household sector -0.7 1.4 -0.4 0.3 -0.2 -1.0 -0.5 3

 4 Nonfinancial corporate business 0.8 1.2 -0.2 4.4 59.6 -4.3 -0.5 4

 5 Nonfinancial noncorporate business -3.1 4.7 1.1 2.1 3.6 0.6 2.9 5

 6 State and local governments 0.6 0.6 0.7 0.8 0.8 0.9 0.9 6

 7 Rest of the world -4.6 -7.4 -3.3 -1.5 0.3 0.2 1.4 7

 8 Government-sponsored enterprises 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 9

10 Funding corporations 0.0 0.0 0.0 0.0 2.0 7.2 0.7 10

11 Foreign loans to U.S. corporate business 31.3 6.2 102.7 -64.1 -24.9 -22.0 42.1 11

12 Liab.: Nonfinancial corporate business 31.3 6.2 102.7 -64.1 -24.9 -22.0 42.1 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 13

14 Foreign banking offices in U.S. 0.1 -0.3 0.0 -0.2 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 0.0 -0.3 -0.1 -0.2 0.0 0.0 0.0 15

16 Rest of the world -0.0 -0.1 0.1 0.0 0.0 0.0 0.0 16

17 Holding company loans 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 17

18 Liab.: Nonfinancial corporate business 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 18

19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Policy loans (Household liability) 0.8 3.3 3.6 5.9 0.7 3.4 2.4 20

21 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 21

22 Life insurance companies 0.8 3.4 3.6 5.9 0.7 3.4 2.5 22

23 Govt.-sponsored enterprises loans (1) 52.4 33.1 237.7 38.1 -284.8 -144.7 -64.2 23

24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Nonfinancial corporate business (FCS) 1.4 1.7 1.9 -3.8 -0.4 1.6 -0.9 25

26 Nonfinancial noncorporate business (FCS) 6.7 10.2 10.1 8.5 0.2 5.6 -2.7 26

27 U.S.-chartered dep. inst. (FHLB & SLMA) 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 27

28 Credit unions (FHLB) 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 28

29 Life insurance companies (FHLB) 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 29

30 Securitized loans held by ABS issuers -17.6 3.8 -4.0 -15.6 -23.7 -4.9 -3.9 30

31 Liab.: Nonfinancial corporate business -17.6 3.8 -4.0 -15.6 -23.7 -4.9 -3.9 31

32 Finance company loans to business 27.6 18.9 24.9 16.9 -91.0 -15.2 2.4 32

33 Liab.: Nonfinancial corporate business 24.9 17.0 22.4 15.2 -81.9 -13.7 2.1 33

34 Nonfinancial noncorporate business 2.8 1.9 2.5 1.7 -9.1 -1.5 0.2 34

35 Loans to nonfinancial corporate business (2) 66.6 101.1 164.6 110.5 -67.1 -53.3 24.9 35

36 Asset: Household sector 2.7 0.4 8.5 12.2 -5.3 -0.6 -2.8 36

37 Life insurance companies 4.2 6.5 9.6 14.3 -13.3 -3.7 5.4 37

38 Mutual funds 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 38

39 ABS issuers 37.8 61.2 92.6 53.4 -27.4 -34.0 -1.5 39

40 Brokers and dealers 7.7 19.8 11.1 3.1 -12.7 -12.7 6.9 40

41 Funding corporations 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 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.
FFA, 2005-2011, September 20, 2012 45

F.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in mortgages 1431.8 1377.6 1075.5 89.3 -281.6 -521.9 -328.0 1

 2 Home 1113.9 1067.1 724.4 -114.3 -199.4 -353.7 -255.2 2

 3 Multifamily residential 60.8 37.7 84.6 49.8 9.5 -12.4 4.9 3

 4 Commercial 248.0 269.5 261.8 131.8 -88.3 -165.5 -82.7 4

 5 Farm 9.1 3.3 4.6 22.0 -3.4 9.7 5.0 5

 6 Net borrowing 1431.8 1377.6 1075.5 89.3 -281.6 -521.9 -328.0 6

 7 Household sector 1046.5 1002.6 700.9 -60.2 -152.4 -317.4 -235.8 7

 8 Nonfinancial business 371.1 368.4 369.9 142.7 -132.6 -204.7 -101.3 8

 9 Corporate 193.7 85.2 62.8 -44.3 -119.9 -80.4 -35.9 9

10 Noncorporate 177.5 283.2 307.1 186.9 -12.7 -124.3 -65.4 10

11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 14.1 6.6 4.7 6.8 3.4 0.2 9.1 12

13 Net change in assets 1431.8 1377.6 1075.5 89.3 -281.6 -521.9 -328.0 13

14 Household sector 8.1 -17.3 -12.3 1.4 -9.7 -11.3 -10.7 14

15 Nonfinancial corporate business 1.7 -8.4 -18.4 -7.7 -4.1 -1.5 -1.5 15

16 Nonfinancial noncorporate business 5.3 -1.5 7.4 -3.0 -1.2 -1.4 -0.1 16

17 State and local governments 7.0 9.1 17.3 -1.0 9.1 -3.4 -6.2 17

18 Federal government 2.4 3.7 2.1 13.5 12.6 -1.8 4.0 18

19 U.S.-chartered depository institutions 450.2 359.6 243.0 -43.4 -243.3 -205.0 -145.4 19

20 Foreign banking offices in U.S. 4.0 4.1 14.1 5.2 -6.4 -2.5 -2.6 20

21 Banks in U.S.-affiliated areas 3.6 4.1 1.6 1.8 -0.3 -6.5 -2.4 21

22 Credit unions 27.4 26.4 27.7 32.0 4.8 0.0 3.5 22

23 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 23

24 Life insurance companies 12.1 18.3 22.4 16.3 -16.3 -8.6 15.0 24

25 Private pension funds -0.2 -0.3 0.7 0.9 2.6 1.9 -0.5 25

26 State and local govt. retirement funds 1.3 -2.0 -4.7 -0.3 -0.1 0.1 -0.1 26

27 Government-sponsored enterprises (1) -40.2 18.4 35.9 62.2 2.4 -110.8 -96.9 27

28 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 28

29 ABS issuers 690.6 627.3 190.1 -354.9 -367.7 -295.4 -218.4 29

30 Finance companies 65.4 53.0 -62.5 -84.0 -50.5 -55.9 -32.1 30

31 REITs 28.3 -10.4 -13.2 -46.9 -28.0 -6.3 0.2 31
46 FFA, 2005-2011, September 20, 2012

F.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net borrowing 1113.9 1067.1 724.4 -114.3 -199.4 -353.7 -255.2 1

 2 Household sector 1038.7 984.7 687.6 -57.1 -145.5 -305.3 -229.3 2

 3 Nonfinancial corporate business 7.6 8.2 2.9 -10.2 -12.4 -6.8 -3.4 3

 4 Nonfinancial noncorporate business 67.6 74.2 33.9 -46.9 -41.5 -41.7 -22.5 4

 5 Net change in assets 1113.9 1067.1 724.4 -114.3 -199.4 -353.7 -255.2 5

 6 Household sector 5.0 -15.0 -12.1 0.4 -8.0 -8.0 -8.0 6

 7 Nonfinancial corporate business 1.0 -5.1 -10.9 -4.8 -2.5 -0.9 -0.9 7

 8 Nonfinancial noncorporate business 1.9 -0.6 2.7 -1.1 -0.4 -0.5 -0.0 8

 9 State and local governments 3.5 4.6 9.2 -0.4 4.7 -2.3 -3.2 9

10 Federal government -0.4 0.2 0.3 2.7 5.7 1.8 0.9 10

11 U.S.-chartered depository institutions 289.3 203.2 135.2 -184.4 -197.0 -101.5 -77.1 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 -1.5 -6.0 0.1 0.3 12

13 Banks in U.S.-affiliated areas 0.7 0.9 4.3 1.4 -0.3 -2.5 -2.4 13

14 Credit unions 27.4 26.4 27.7 32.0 4.8 0.0 3.5 14

15 Life insurance companies -0.6 2.9 -0.9 -0.8 -2.2 -0.7 0.7 15

16 Private pension funds -0.0 -0.1 -0.1 0.1 0.7 -0.1 -0.3 16

17 State and local govt. retirement funds 0.5 -0.7 -1.7 -0.1 -0.0 0.0 -0.0 17

18 Government-sponsored enterprises -54.7 3.7 -9.7 8.8 -11.3 -119.5 -103.5 18

19 Agency- and GSE-backed mortgage pools 169.0 302.8 622.6 492.2 402.5 175.8 148.0 19

20 ABS issuers 578.7 519.3 46.7 -315.2 -320.5 -241.7 -192.6 20

21 Finance companies 67.8 48.3 -65.4 -97.3 -47.8 -50.0 -19.8 21

22 REITs 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 -0.7 22

 Memo:

23 Home equity loans included above (2) 140.8 150.1 65.5 -18.2 -82.4 -90.5 -74.8 23

24 U.S.-chartered depository institutions 95.9 90.5 81.5 22.0 -53.3 -66.3 -60.1 24

25 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.4 -0.6 0.0 -0.0 25

26 Credit unions 12.0 11.0 7.2 4.6 -4.1 -6.4 -6.0 26

27 ABS issuers 18.7 38.9 -10.2 -24.9 -14.9 -8.6 -4.7 27

28 Finance companies 14.3 9.7 -13.1 -19.5 -9.6 -9.3 -4.0 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 60.8 37.7 84.6 49.8 9.5 -12.4 4.9 1

 2 Nonfinancial corporate business 3.0 1.9 4.3 2.4 0.4 -0.7 0.2 2

 3 Nonfinancial noncorporate business 57.9 35.5 82.6 45.1 7.4 -12.6 4.7 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs -0.1 0.3 -2.3 2.3 1.8 0.8 -0.1 5

 6 Net change in assets 60.8 37.7 84.6 49.8 9.5 -12.4 4.9 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.0 -0.1 -0.3 -0.1 -0.1 -0.0 -0.0 8

 9 Nonfinancial noncorporate business 1.9 -0.5 2.6 -1.0 -0.4 -0.5 -0.0 9

10 State and local governments 2.8 3.6 7.2 -0.3 3.7 -1.3 -2.3 10

11 Federal government -0.0 -0.2 -0.3 0.1 0.1 -0.3 -0.3 11

12 U.S.-chartered depository institutions 30.8 16.3 7.8 14.9 -9.0 -12.2 -6.6 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.2 -0.4 -0.5 -0.6 13

14 Life insurance companies 2.0 3.6 5.8 -0.1 -3.2 -1.3 2.1 14

15 Private pension funds -0.0 -0.1 0.1 0.3 0.3 0.4 -0.3 15

16 State and local govt. retirement funds 0.4 -0.6 -1.4 -0.1 -0.0 0.0 -0.0 16

17 Government-sponsored enterprises 10.5 12.4 42.3 42.5 14.2 2.0 2.8 17

18 Agency- and GSE-backed mortgage pools -4.5 -12.5 -0.7 4.6 13.0 11.3 19.4 18

19 ABS issuers 16.6 13.1 21.5 -10.8 -5.8 -8.7 -7.7 19

20 Finance companies 0.0 -0.5 -0.1 0.8 -0.7 -1.0 -1.5 20

21 REITs 0.3 3.1 0.2 -0.9 -2.0 -0.4 -0.2 21
FFA, 2005-2011, September 20, 2012 47

F.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net borrowing 248.0 269.5 261.8 131.8 -88.3 -165.5 -82.7 1

 2 Household sector 7.8 17.9 13.3 -3.0 -6.9 -12.1 -6.4 2

 3 Nonfinancial corporate business 180.5 73.7 53.8 -42.4 -108.6 -75.4 -33.4 3

 4 Nonfinancial noncorporate business 45.5 171.6 187.8 172.8 25.6 -77.4 -52.0 4

 5 REITs 14.2 6.3 7.0 4.5 1.6 -0.6 9.2 5

 6 Net change in assets 248.0 269.5 261.8 131.8 -88.3 -165.5 -82.7 6

 7 Household sector 1.9 2.2 2.1 0.9 -0.7 -2.5 -4.3 7

 8 Nonfinancial corporate business 0.6 -3.2 -7.3 -2.8 -1.6 -0.6 -0.6 8

 9 Nonfinancial noncorporate business 1.4 -0.4 2.0 -0.8 -0.3 -0.4 -0.0 9

10 State and local governments 0.6 0.7 1.4 -0.1 0.7 0.3 -0.6 10

11 Federal government 2.8 3.7 2.1 10.4 6.4 -3.7 3.2 11

12 U.S.-chartered depository institutions 126.7 137.8 98.1 117.4 -36.8 -95.1 -62.9 12

13 Foreign banking offices in U.S. 4.0 4.1 14.1 6.8 0.1 -2.1 -2.3 13

14 Banks in U.S.-affiliated areas 2.9 3.2 -2.7 0.4 -0.0 -4.0 -0.1 14

15 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 15

16 Life insurance companies 10.2 11.1 16.8 14.9 -9.4 -6.4 11.9 16

17 Private pension funds -0.1 -0.2 0.7 0.5 1.5 1.5 0.1 17

18 State and local govt. retirement funds 0.5 -0.7 -1.6 -0.1 -0.0 0.0 -0.0 18

19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 ABS issuers 95.3 94.9 121.9 -28.9 -41.4 -45.1 -18.1 20

21 Finance companies -2.4 5.2 2.9 12.6 -2.0 -4.9 -10.8 21

22 REITs 3.2 10.3 10.1 0.4 -4.3 -2.3 1.1 22

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 9.1 3.3 4.6 22.0 -3.4 9.7 5.0 1

 2 Nonfinancial corporate business 2.6 1.4 1.8 6.0 0.7 2.4 0.6 2

 3 Nonfinancial noncorporate business 6.6 1.9 2.8 16.1 -4.1 7.3 4.4 3

 4 Net change in assets 9.1 3.3 4.6 22.0 -3.4 9.7 5.0 4

 5 Household sector 1.2 -4.4 -2.3 0.1 -1.0 -0.8 1.7 5

 6 Nonfinancial noncorporate business 0.1 -0.0 0.1 -0.1 -0.0 -0.0 -0.0 6

 7 State and local governments 0.1 0.1 -0.6 -0.3 0.0 0.0 0.0 7

 8 Federal government -0.0 -0.0 0.1 0.2 0.4 0.4 0.3 8

 9 U.S.-chartered depository institutions 3.3 2.4 1.9 8.8 -0.5 3.8 1.2 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 10

11 Life insurance companies 0.6 0.7 0.7 2.3 -1.5 -0.2 0.2 11

12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Government-sponsored enterprises 4.0 2.2 3.3 10.9 -0.5 6.7 3.7 13

14 Agency- and GSE-backed mortgage pools -0.1 2.3 1.4 0.1 -0.2 -0.2 -2.1 14

(1) Excludes mortgages on farm houses.
48 FFA, 2005-2011, September 20, 2012

F.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities (Households) 100.4 115.2 141.3 20.1 -115.8 -30.5 86.4 1

 2 Net change in assets 100.4 115.2 141.3 20.1 -115.8 -30.5 86.4 2

 3 Nonfinancial corporate business 0.4 -5.2 2.2 -3.0 -4.6 -2.3 0.4 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government (1) 3.7 1.6 6.0 11.3 74.3 130.2 108.7 5

 6 U.S.-chartered depository institutions 20.5 52.2 58.1 70.1 -64.5 -70.3 7.1 6

 7 Credit unions 13.2 7.5 0.5 -0.4 0.9 -10.7 -3.4 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 ABS issuers 38.4 39.9 34.1 -40.1 -39.6 -50.4 -8.0 9

10 Finance companies 24.2 19.2 40.2 -17.9 -82.4 -27.0 -18.2 10

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

 the government purchased from depository institutions and finance companies.

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 340.8 189.1 202.0 -169.9 -23.2 188.8 221.5 1

 2 Household sector 13.0 13.6 14.6 22.2 16.0 21.4 14.0 2

 3 Nonfinancial corporate business 199.0 109.0 85.1 -225.2 -85.3 163.1 179.1 3

 4 Nonfinancial noncorporate business 49.7 14.4 26.0 5.8 7.6 -19.0 -2.5 4

 5 State and local governments 32.1 34.4 37.0 39.2 39.6 40.0 40.2 5

 6 Federal government 33.7 6.2 29.3 22.6 -56.2 8.7 21.4 6

 7 Rest of the world 6.3 6.2 12.4 -9.9 6.1 26.6 -26.8 7

 8 Brokers and dealers 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.9 8

 9 Net change in trade receivables 346.5 18.2 228.0 -196.0 -126.0 106.4 195.2 9

10 Nonfinancial corporate business 277.6 -15.1 161.9 -167.7 -28.6 135.2 185.8 10

11 Nonfinancial noncorporate business 66.6 40.0 54.7 -3.0 -26.3 -18.9 -1.7 11

12 State and local governments -14.4 -14.4 -12.5 -21.1 -18.6 -20.2 -10.0 12

13 Federal government 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 13

14 Rest of the world 7.9 5.9 20.8 6.5 6.6 19.6 17.2 14

15 Property-casualty insurance companies 2.4 4.9 -1.6 1.3 -3.7 0.8 3.4 15

16 ABS issuers -2.8 8.5 3.4 -16.1 -34.3 -9.5 -4.2 16

17 Discrepancy -5.7 170.9 -26.0 26.1 102.8 82.4 26.3 17

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 0.2 211.5 276.5 -397.9 -95.9 123.6 97.4 1

 2 Household sector -31.6 59.7 33.4 -160.7 38.1 75.2 -39.7 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 31.8 151.8 243.0 -237.3 -134.0 48.4 137.0 4

 5 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 5

 6 From U.S.-chartered depository institutions -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 6

 7 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 7

 8 Net change in assets 0.2 211.5 276.5 -397.9 -95.9 123.6 97.4 8

 9 Household sector -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered depository institutions -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 11

12 Foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 12

13 Brokers and dealers -31.6 59.7 33.4 -160.7 38.1 75.2 -39.7 13
FFA, 2005-2011, September 20, 2012 49

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 Life insurance reserves:

 1 Net change in liabilities 16.1 65.6 34.2 67.0 26.5 17.2 94.1 1

 2 Federal government 1.1 1.5 1.2 1.0 1.1 0.9 1.3 2

 3 Life insurance companies 14.9 64.1 33.0 66.0 25.4 16.4 92.8 3

 4 Net change in assets 16.1 65.6 34.2 67.0 26.5 17.2 94.1 4

 5 Households 16.1 57.8 18.0 61.7 23.7 9.0 86.9 5

 6 U.S.-chartered depository institutions 0.0 8.2 10.9 6.4 0.8 4.5 4.8 6

 7 Holding companies 0.0 -0.4 5.3 -1.2 2.1 3.8 2.4 7

 Pension fund reserves:

 8 Net change in liabilities 275.7 250.9 201.1 125.7 135.3 209.0 194.4 8

 9 Life insurance companies 142.1 100.5 118.6 65.5 25.1 104.3 88.0 9

10 Private pension funds (1) 72.9 53.9 32.3 -36.4 60.1 61.3 72.1 10

11 State and local govt. retirement funds 6.0 46.1 2.3 17.7 -28.0 -38.5 -52.3 11

12 Federal government retirement funds (2) 54.7 50.4 47.8 78.9 78.2 81.9 86.6 12

13 Net change in assets (Households) (3) 275.7 250.9 201.1 125.7 135.3 209.0 194.4 13

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table F.225.i), except those at life insurance companies.

F.226 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all -4.7 22.5 -69.3 -123.8 -3.4 15.3 13.8 1

 businesses

 2 Nonfinancial corporate business -1.8 -0.8 -49.6 3.1 -3.3 7.2 5.0 2

 3 Nonfinancial noncorporate business 8.7 9.0 3.8 6.7 -6.3 -4.8 -0.4 3

 4 U.S.-chartered depository institutions -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 4

 5 Property-casualty insurance companies -3.1 11.0 -2.4 -28.1 5.3 5.6 -4.4 5

 6 Life insurance companies -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 6

 7 Finance companies 1.9 0.0 -1.5 -0.1 -2.8 0.3 -0.6 7

 8 Brokers and dealers -0.1 0.7 -0.6 0.3 3.2 -2.1 -1.5 8

 9 Net change in business taxes receivable 40.7 5.0 -32.7 -59.8 29.2 25.9 35.0 9

10 State and local governments 15.4 11.4 2.7 2.2 -6.7 -6.3 5.4 10

11 Federal government 25.3 -6.3 -35.5 -61.9 35.9 32.2 29.7 11

12 Discrepancy -45.4 17.5 -36.5 -64.0 -32.6 -10.5 -21.2 12

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment 5.6 60.6 18.4 -284.1 -17.9 28.4 -13.3 1

 2 Nonfinancial noncorporate business 6.8 67.4 16.0 -295.6 -14.2 28.1 -11.7 2

 3 Brokers and dealers -1.2 -6.8 2.4 11.5 -3.6 0.4 -1.7 3
50 FFA, 2005-2011, September 20, 2012

F.228 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 1177.5 1800.2 2530.1 2195.3 -396.7 1266.8 1190.2 1

 2 Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 2

 3 Nonfinancial corporate business 744.6 776.5 1193.8 547.3 27.4 461.6 372.1 3

 4 Nonfinancial noncorporate business 142.8 144.8 94.2 114.1 32.7 34.9 22.0 4

 5 Federal government 68.0 59.4 76.6 89.5 81.4 90.6 102.9 5

 6 Rest of the world 53.8 485.8 562.7 511.9 -299.1 556.6 407.8 6

 7 Monetary authority 2.8 3.2 2.5 2.2 6.1 29.2 -26.7 7

 8 U.S.-chartered depository institutions -11.8 5.8 41.3 19.3 242.2 193.3 55.2 8

 9 Foreign banking offices in U.S. 54.6 -109.0 144.8 549.5 -418.2 7.5 255.3 9

10 Banks in U.S.-affiliated areas -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 10

11 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.4 1.5 11

12 Property-casualty insurance companies 52.2 39.7 25.8 40.2 -2.6 9.3 33.1 12

13 Life insurance companies 19.5 50.9 67.6 46.8 -4.6 55.1 24.9 13

14 Government-sponsored enterprises -1.9 11.6 17.7 37.1 62.2 -68.1 -24.0 14

15 Finance companies 28.2 13.7 -6.9 10.4 -91.2 -10.0 -37.3 15

16 REITs 4.5 7.7 4.6 -2.7 -13.8 14.9 8.5 16

17 Brokers and dealers 26.2 97.8 46.2 -70.7 18.4 20.7 -3.5 17

18 Holding companies -61.5 110.6 6.8 -163.8 -25.6 -68.2 -36.8 18

19 Funding corporations 52.6 108.5 268.9 463.9 -26.0 -48.8 39.7 19

20 Net change in assets 1374.8 2464.2 2559.3 306.5 -111.9 775.3 1255.0 20

21 Household sector 58.0 37.4 66.1 55.1 21.1 44.4 46.8 21

22 Nonfinancial corporate business 443.6 722.0 938.4 -346.8 107.5 575.9 638.6 22

23 Nonfinancial noncorporate business 256.6 381.8 330.8 107.5 -81.7 -76.2 -4.2 23

24 State and local governments -23.5 -1.3 -30.5 -18.6 -9.9 41.2 -48.0 24

25 Federal government -0.3 3.1 1.9 -28.0 35.4 -3.5 1.9 25

26 Rest of the world 176.7 672.0 638.4 -232.8 221.2 457.7 249.0 26

27 Monetary authority -3.2 0.1 25.8 530.2 -493.8 7.8 142.9 27

28 U.S.-chartered depository institutions 35.8 15.0 37.6 101.4 28.1 -80.0 -69.8 28

29 Foreign banking offices in U.S. -32.6 -143.9 14.7 364.3 -115.8 4.9 222.7 29

30 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 30

31 Credit unions -0.3 0.7 11.0 8.4 6.3 -8.7 -26.9 31

32 Property-casualty insurance companies 10.8 3.1 17.6 6.8 14.6 -22.5 3.1 32

33 Life insurance companies 23.4 41.3 39.5 37.2 -22.5 2.8 48.9 33

34 Private pension funds -10.4 1.3 17.5 11.3 21.6 -32.9 -6.2 34

35 State and local govt. retirement funds -0.6 1.0 -0.6 -0.0 0.5 0.7 1.2 35

36 Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 70.8 36

37 Money market mutual funds -10.0 15.9 31.8 -43.1 11.3 7.7 5.8 37

38 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 38

39 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 39

40 Finance companies 52.2 -31.7 11.2 21.4 26.3 -48.1 10.8 40

41 REITs 11.6 7.8 -4.4 -0.8 -8.5 7.4 13.3 41

42 Brokers and dealers 217.7 425.1 47.3 -615.1 54.9 -104.2 -102.4 42

43 Holding companies 53.5 245.9 178.2 283.1 85.4 -31.2 36.5 43

44 Funding corporations 67.9 31.1 117.6 42.1 -67.2 -55.3 16.6 44

45 Discrepancy -197.3 -664.0 -29.2 1888.9 -284.9 491.5 -64.8 45
FFA, 2005-2011, September 20, 2012 51

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 36.2 244.9 414.0 329.1 289.5 327.9 419.3 1

 2 Equity 61.9 49.0 200.9 127.0 18.2 41.1 52.4 2

 3 Reinvested earnings -10.3 217.3 230.5 233.1 229.3 315.3 348.6 3

 4 Intercompany accounts -15.4 -21.4 -17.3 -31.1 42.0 -28.5 18.3 4

 5 Asset: Nonfinancial corporate business 24.7 219.2 307.0 262.6 257.2 324.8 396.5 5

 6 U.S.-chartered depository institutions 0.5 -1.7 32.8 17.6 -3.4 3.6 -1.2 6

 7 Property-casualty insurance companies 10.8 3.1 17.6 6.8 14.6 -22.5 3.1 7

 8 Life insurance companies 1.4 0.8 5.8 4.6 2.0 2.1 2.6 8

 9 Finance companies 4.5 8.0 26.4 24.2 8.1 6.5 10.0 9

10 Brokers and dealers -5.7 15.6 24.4 13.3 10.9 13.3 8.4 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 98.7 191.0 211.6 189.5 104.7 156.9 206.8 11

12 Nonfinancial noncorporate business 0.1 0.2 0.3 -0.2 0.1 0.1 0.2 12

13 Foreign banking offices in U.S. 9.4 13.8 -0.8 24.8 16.6 9.3 17.9 13

14 Property-casualty insurance companies -0.1 23.1 7.1 14.9 2.4 3.0 -2.1 14

15 Life insurance companies 0.4 14.4 -1.0 12.5 11.1 6.3 -10.0 15

16 Finance companies 6.3 5.2 -5.6 12.2 12.8 18.0 10.2 16

17 Brokers and dealers -2.6 -5.1 9.0 55.8 2.1 11.7 10.4 17

18 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 0.6 18

19 Asset: Rest of the world 112.6 243.2 221.2 310.1 150.4 205.8 234.0 19

20 Equity 70.7 115.0 142.3 255.7 126.8 131.6 93.2 20

21 Reinvested earnings 41.7 69.1 48.2 39.1 21.7 67.5 87.4 21

22 Intercompany accounts 0.2 59.0 30.7 15.2 2.0 6.7 53.4 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 1.3 2.0 1.7 1.4 1.7 2.3 2.6 23

24 Asset: Federal government 1.3 2.0 1.7 1.4 1.7 2.3 2.6 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 1.6 1.8 3.1 2.6 4.6 0.9 0.4 25

26 Asset: U.S.-chartered depository institutions 1.6 1.8 3.1 2.6 4.6 0.9 0.4 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 1.9 0.2 9.1 -4.2 0.0 -2.7 -5.9 27

28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.1 0.1 -0.1 0.0 0.1 -0.0 28

29 Nonfinancial noncorporate (FCS) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 29

30 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 U.S.-chartered depository institutions (FHLB) 2.0 -0.2 7.0 -6.5 0.7 -3.0 -6.1 31

32 Credit unions (FHLB) 0.1 0.2 0.6 0.3 -0.4 -0.2 0.7 32

33 Life insurance companies (FHLB) -0.1 0.0 0.6 1.0 -0.3 -0.0 -0.8 33

 Holding company net transactions with subsidiaries:

34 Liab.: U.S.-chartered depository institutions 27.9 97.2 114.0 113.6 166.8 33.4 79.1 34

35 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Life insurance companies 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 36

37 Finance companies -38.9 3.2 41.5 -7.3 -23.3 -36.2 -20.4 37

38 Brokers and dealers 87.0 27.2 -57.5 98.2 -173.1 -27.7 -11.7 38

39 Rest of the world 19.6 41.3 42.2 -9.1 23.5 10.6 26.4 39

40 Asset: Holding companies 105.3 171.7 145.5 183.0 3.1 2.4 82.7 40

 NFC investment in finance company subsidiaries:

41 Liab.: Finance companies 64.4 22.9 -54.8 -1.1 -9.3 20.3 9.0 41

42 Asset: Nonfinancial corporate business 64.4 22.9 -54.8 -1.1 -9.3 20.3 9.0 42

 Funding corporations’ investment in subsidiaries:

43 Liab.: Foreign banking offices in U.S. 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 43

44 Brokers and dealers 46.9 22.6 73.9 6.4 6.3 -23.8 50.4 44

45 Asset: Funding corporations 67.9 31.1 117.6 42.1 -67.2 -55.3 16.6 45

 Equity investment under Public-Private Inv. Program:

46 Liab.: Funding corporations 0.0 0.0 0.0 0.0 2.4 7.9 1.4 46

47 Asset: Households (2) 0.0 0.0 0.0 0.0 1.2 4.0 0.7 47

48 Federal government 0.0 0.0 0.0 0.0 1.2 4.0 0.7 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).
52 FFA, 2005-2011, September 20, 2012

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world -2.2 -0.0 23.9 529.8 -543.3 -10.1 99.7 1

 2 Asset: Federal government -2.2 -0.0 -0.1 0.0 0.2 0.1 -0.1 2

 3 Monetary authority (1) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 3

 Postal Savings System deposits:

 4 Liab.: Federal government 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.8 -0.2 1.9 -5.4 0.4 -1.5 -1.8 6

 7 Asset: U.S.-chartered depository institutions 0.8 -0.2 1.9 -5.4 0.4 -1.5 -1.8 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 8

 9 Asset: Life insurance companies 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 9.5 14.8 15.5 17.6 8.4 14.8 14.4 10

11 Accident and health 7.9 11.5 13.5 19.5 9.7 14.7 15.2 11

12 Policy dividend accumulation 1.0 0.8 0.2 -3.4 -1.1 0.4 -1.8 12

13 Contract claims 0.6 2.5 1.8 1.5 -0.1 -0.4 0.9 13

14 Asset: Household sector 9.5 14.8 15.5 17.6 8.4 14.8 14.4 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 52.3 16.6 18.7 25.4 -5.0 6.3 35.2 15

16 Asset: Household sector 25.6 4.6 6.7 11.0 -5.1 3.2 13.2 16

17 Nonfinancial corporate business 21.2 7.6 8.3 10.9 -0.9 3.0 15.7 17

18 Nonfinancial noncorporate business 5.5 4.4 3.7 3.4 0.9 0.1 6.3 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies -1.4 -1.5 26.3 38.2 10.1 -4.4 -0.3 19

20 Asset: Private pension funds -1.4 -1.5 26.3 38.2 10.1 -4.4 -0.3 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business -1.9 -2.0 4.4 0.7 2.5 -1.3 0.2 21

22 Asset: Private pension funds -1.9 -2.0 4.4 0.7 2.5 -1.3 0.2 22

 Securities borrowed (net):

23 Liab.: Funding corporations 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -75.0 23

24 Asset: Brokers and dealers 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -75.0 24

 Nonmarketable government securities:

25 Liab.: Federal government 40.0 35.8 33.3 63.3 61.9 65.7 70.8 25

26 Asset: Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 70.8 26

 Retiree health care funds (2):

27 Liab.: Federal government 23.0 18.1 43.9 26.5 16.6 22.5 18.5 27

28 Asset: Household sector 23.0 18.1 43.9 26.5 16.6 22.5 18.5 28

(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.
FFA, 2005-2011, September 20, 2012 53

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net change in liabilities 490.2 697.7 1505.8 986.5 -288.4 786.2 268.9 1

 2 Nonfinancial corporate business 647.8 587.5 977.8 357.0 -79.8 306.0 165.1 2

 3 Nonfinancial noncorporate business 142.7 144.6 93.9 114.3 32.6 34.8 21.9 3

 4 Federal government 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 4

 5 Rest of the world -1.1 197.5 80.9 -339.3 -70.5 225.9 -140.3 5

 6 Monetary authority 1.1 1.4 -0.7 -0.5 1.5 28.3 -27.1 6

 7 U.S.-chartered depository institutions -39.6 -91.5 -72.7 -94.3 75.4 159.9 -23.8 7

 8 Foreign banking offices in U.S. 24.2 -131.3 101.9 489.1 -361.2 29.6 271.1 8

 9 Banks in U.S.-affiliated areas -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 9

10 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.4 1.5 10

11 Life insurance companies 1.4 20.5 21.4 -9.0 -43.5 16.1 11.5 11

12 Government-sponsored enterprises -4.6 11.6 6.7 46.7 61.8 -63.9 -16.2 12

13 Finance companies -3.7 -17.8 12.0 6.5 -71.5 -12.1 -36.2 13

14 REITs 4.5 7.7 4.6 -2.7 -13.8 14.9 8.5 14

15 Brokers and dealers -105.0 53.2 20.8 -231.1 183.1 60.5 -52.6 15

16 Holding companies -61.5 110.6 6.8 -163.8 -25.6 -68.2 -36.8 16

17 Funding corporations -122.8 -194.7 270.4 816.5 1.2 66.2 112.7 17

18 Net change in assets 687.5 1361.7 1535.0 -902.4 -3.6 294.7 333.7 18

19 Nonfinancial corporate business 333.2 472.2 677.7 -619.3 -139.6 227.7 217.4 19

20 Nonfinancial noncorporate business 251.2 377.2 326.4 102.9 -82.7 -76.7 -10.7 20

21 State and local governments -23.5 -1.3 -30.5 -18.6 -9.9 41.2 -48.0 21

22 Federal government 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 22

23 Rest of the world 64.1 428.8 417.3 -542.9 70.7 251.8 15.1 23

24 Monetary authority -3.2 0.1 1.8 0.5 49.6 18.0 43.1 24

25 U.S.-chartered depository institutions 30.8 15.3 -7.2 93.1 25.8 -79.9 -61.0 25

26 Foreign banking offices in U.S. -32.6 -143.9 14.7 364.3 -115.8 4.9 222.7 26

27 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 27

28 Credit unions -0.4 0.6 10.4 8.1 6.7 -8.5 -27.6 28

29 Life insurance companies 21.1 40.0 32.1 28.5 -19.3 -2.0 47.5 29

30 Private pension funds -7.1 4.8 -13.2 -27.6 9.0 -27.2 -6.1 30

31 State and local govt. retirement funds -0.6 1.0 -0.6 -0.0 0.5 0.7 1.2 31

32 Money market mutual funds -10.0 15.9 31.8 -43.1 11.3 7.7 5.8 32

33 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 33

34 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 34

35 Finance companies 47.7 -39.6 -15.2 -2.8 18.2 -54.6 0.8 35

36 REITs 11.6 7.8 -4.4 -0.8 -8.5 7.4 13.3 36

37 Brokers and dealers 48.5 106.9 24.9 -275.1 74.3 5.9 -35.7 37

38 Holding companies -51.8 74.2 32.7 100.1 82.3 -33.6 -46.2 38

39 Discrepancy -197.3 -664.0 -29.2 1888.9 -284.9 491.5 -64.8 39
54 FFA, 2005-2011, September 20, 2012

F.11 Sector Discrepancies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 All sectors -34.9 177.3 -102.8 960.6 82.7 448.3 -155.1 1

 2 Household sector -14.7 197.9 -251.7 -131.5 37.8 -228.4 -559.2 2

 3 Nonfinancial corporate business 158.0 129.7 126.0 934.9 -180.9 257.0 183.5 3

 4 State and local governments -20.0 -20.0 -21.0 -20.0 -31.1 -21.7 -18.7 4

 5 Federal government 22.7 13.3 24.1 86.8 -44.6 -59.7 -6.2 5

 6 Rest of the world 13.9 -6.9 98.3 -63.0 143.2 66.8 -87.7 6

 7 Financial sectors -194.7 -136.7 -78.4 153.4 158.4 434.2 333.2 7

 8 Monetary authority 3.4 1.6 -2.8 -0.2 -6.0 -10.0 -1.3 8

 9 U.S.-chartered depository institutions -148.9 -148.6 -110.0 24.0 289.7 306.4 177.8 9

10 Foreign banking officed in U.S. 0.2 -1.2 2.6 -5.1 1.3 1.6 5.0 10

11 Banks in U.S.-affiliated areas -0.9 -0.2 -7.4 -0.5 6.2 -0.0 1.0 11

12 Credit unions 2.4 1.3 2.3 3.7 5.6 2.3 0.9 12

13 Property-casualty insurance companies -16.0 30.1 3.1 -0.6 -24.2 68.7 22.4 13

14 Life insurance companies -10.6 -29.1 -50.7 -59.4 -86.0 -23.5 -14.2 14

15 Mutual funds 21.1 11.4 13.4 -5.7 -10.6 -6.2 -16.2 15

16 Government-sponsored enterprises -14.8 -1.9 27.7 107.8 52.4 57.5 64.8 16

17 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Finance companies -27.1 22.6 20.8 36.3 15.9 22.6 21.9 18

19 REITs 5.3 -0.9 31.9 -5.8 -15.6 21.2 35.3 19

20 Brokers and dealers -10.3 -24.7 -4.3 71.9 -61.4 -9.2 34.2 20

21 Holding companies 1.7 3.1 -4.9 -12.9 -8.9 2.8 1.5 21

F.12 Instrument Discrepancies

Billions of dollars

 1 All types -34.9 177.3 -102.8 960.6 82.7 448.3 -155.1 1

 2 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 2

 3 Foreign deposits 12.3 106.8 196.5 -347.1 -74.3 6.0 23.9 3

 4 Net interbank transactions 2.8 -3.8 3.8 60.7 29.0 -19.4 30.1 4

 5 Security RPs 117.2 317.6 -224.8 -600.6 475.6 -71.3 -113.3 5

 6 Mail floats -4.9 -3.0 1.0 -5.2 -0.3 -1.1 0.8 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government -6.6 -3.0 1.2 -3.3 0.7 0.0 -0.1 8

 9 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 0.9 9

10 Trade credit -5.7 170.9 -26.0 26.1 102.8 82.4 26.3 10

11 Taxes payable -45.4 17.5 -36.5 -64.0 -32.6 -10.5 -21.2 11

12 Miscellaneous -197.3 -664.0 -29.2 1888.9 -284.9 491.5 -64.8 12

13 Nonfinancial 85.4 236.4 13.5 2.6 -128.2 -28.3 -36.3 13

 Nonfinancial components (sign reversed):

14 Statistical discrepancy (NIPA) -95.1 -242.3 -12.0 -2.4 118.3 23.3 31.9 14

15 Private wage accruals less disbursements 5.0 1.3 -6.3 -5.0 5.0 0.0 0.0 15

16 Contr. for govt. soc. insur., U.S. affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 16
FFA, 2005-2011, September 20, 2012 55

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total credit market debt owed by: 42143.0 46183.7 50922.9 53310.5 53213.4 53555.6 54510.5 1

 2 Domestic nonfinancial sectors 27672.2 30022.5 32572.5 34478.9 35414.6 36832.0 38163.3 2

 3 Household sector 11704.9 12839.7 13699.1 13682.7 13410.5 13137.5 12933.7 3

 4 Nonfinancial corporate business 5745.1 6263.6 7108.7 7453.5 7240.4 7478.1 8018.1 4

 5 Nonfinancial noncorporate business 2897.7 3313.0 3774.6 4093.4 3959.0 3765.3 3751.0 5

 6 State and local governments 2622.6 2720.9 2867.8 2887.8 2999.3 3065.5 3006.8 6

 7 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 7

 8 Rest of the world 1513.9 1882.6 2126.3 1708.8 2090.3 2225.3 2276.7 8

 9 Financial sectors 12956.9 14278.6 16224.1 17122.9 15708.5 14498.3 14070.6 9

10 U.S.-chartered depository institutions 727.8 768.3 990.9 989.8 717.4 942.4 868.7 10

11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 11

12 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 24.2 12

13 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 46.8 13

14 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 14

15 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 15

16 ABS issuers 3393.5 4179.9 4534.4 4123.3 3308.2 2243.3 1996.2 16

17 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 1268.8 1274.8 17

18 REITs 395.5 411.0 421.2 367.4 317.4 315.2 343.4 18

19 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 91.8 19

20 Holding companies 481.8 558.7 710.6 807.9 1253.7 1237.2 1220.8 20

21 Funding corporations 619.9 645.3 786.4 1252.8 816.8 716.4 651.8 21

22 Total credit market assets held by: 42143.0 46183.7 50922.9 53310.5 53213.4 53555.6 54510.5 22

23 Domestic nonfinancial sectors 6315.1 6498.8 7129.5 6953.5 7466.2 7906.0 7125.9 23

24 Household sector 4247.9 4361.2 4956.5 4858.9 5117.4 5477.5 4823.7 24

25 Nonfinancial corporate business 340.4 328.3 250.4 214.0 221.6 236.8 222.3 25

26 Nonfinancial noncorporate business 96.8 96.7 106.7 95.8 89.1 85.7 85.4 26

27 State and local governments 1356.2 1437.4 1534.8 1418.3 1376.2 1359.1 1248.3 27

28 Federal government 273.8 275.2 281.1 366.4 661.8 746.9 746.2 28

29 Rest of the world 5191.3 6199.7 7272.6 7504.6 7723.4 8497.0 9127.4 29

30 Financial sectors 30636.6 33485.2 36520.8 38852.4 38023.7 37152.6 38257.2 30

31 Monetary authority 744.2 778.9 740.6 986.0 1987.7 2259.2 2635.6 31

32 U.S.-chartered depository institutions 8011.3 8628.6 9201.0 9442.9 9131.1 9341.5 9468.4 32

33 Foreign banking offices in U.S. 657.8 761.6 963.3 1063.8 777.9 747.1 784.9 33

34 Banks in U.S.-affiliated areas 101.0 99.3 92.8 90.9 88.1 68.9 64.0 34

35 Credit unions 592.5 622.6 657.9 697.8 731.0 755.6 790.8 35

36 Property-casualty insurance companies 819.3 864.1 869.3 853.4 886.7 890.6 918.1 36

37 Life insurance companies 2753.9 2786.4 2871.2 2882.8 3022.6 3174.2 3297.9 37

38 Private pension funds 699.9 758.3 860.8 951.4 1063.0 1122.4 1171.4 38

39 State and local govt. retirement funds 693.4 808.0 820.3 833.5 824.7 816.5 834.8 39

40 Federal government retirement funds 78.0 86.8 99.4 123.3 130.8 141.6 161.6 40

41 Money market mutual funds 1340.8 1560.8 1936.4 2675.0 2031.0 1621.0 1628.2 41

42 Mutual funds 1747.1 1932.0 2203.1 2276.4 2657.2 3031.4 3458.9 42

43 Closed-end funds 165.8 171.8 170.9 130.3 140.9 145.9 144.7 43

44 Exchange-traded funds 15.0 20.7 34.1 57.1 103.0 132.7 178.8 44

45 Government-sponsored enterprises 2543.9 2590.5 2829.5 3037.5 2699.7 6333.1 6133.4 45

46 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 46

47 ABS issuers 3289.6 4068.1 4419.7 4025.1 3244.6 2191.5 1948.7 47

48 Finance companies 1740.6 1809.2 1816.3 1734.4 1516.7 1443.9 1396.9 48

49 REITs 240.3 266.4 246.5 177.6 168.9 206.0 308.9 49

50 Brokers and dealers 477.2 583.4 803.1 717.4 525.3 557.5 567.2 50

51 Holding companies 32.2 36.0 59.1 73.0 75.8 97.9 101.1 51

52 Funding corporations 344.2 410.8 361.0 1061.3 840.3 934.7 958.3 52

(1) Excludes corporate equities and mutual fund shares.
56 FFA, 2005-2011, September 20, 2012

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Domestic 27672.2 30022.5 32572.5 34478.9 35414.6 36832.0 38163.3 1

 2 By instrument 27672.2 30022.5 32572.5 34478.9 35414.6 36832.0 38163.3 2

 3 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 3

 4 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 4

 5 Agency- and GSE-backed securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 5

 6 Municipal securities 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 3743.4 6

 7 Corporate bonds 3156.1 3364.4 3675.5 3881.0 4268.6 4691.4 5076.0 7

 8 Depository institution loans n.e.c. 1245.6 1429.7 1664.2 1852.6 1500.2 1465.5 1542.6 8

 9 Other loans and advances 1167.7 1314.9 1620.4 1688.2 1458.4 1302.5 1373.7 9

10 Mortgages 11946.4 13318.5 14389.4 14471.8 14186.8 13563.1 13226.1 10

11 Home 9402.6 10469.8 11194.2 11088.3 10888.9 10422.2 10167.1 11

12 Multifamily residential 643.2 680.6 767.5 819.4 827.2 815.1 820.1 12

13 Commercial 1795.7 2060.2 2315.0 2429.4 2339.4 2184.8 2092.9 13

14 Farm 104.8 108.0 112.7 134.7 131.3 141.0 146.0 14

15 Consumer credit 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 15

16 By sector 27672.2 30022.5 32572.5 34478.9 35414.6 36832.0 38163.3 16

17 Household sector 11704.9 12839.7 13699.1 13682.7 13410.5 13137.5 12933.7 17

18 Nonfinancial business 8642.9 9576.6 10883.3 11546.8 11199.4 11243.4 11769.1 18

19 Corporate 5745.1 6263.6 7108.7 7453.5 7240.4 7478.1 8018.1 19

20 Noncorporate 2897.7 3313.0 3774.6 4093.4 3959.0 3765.3 3751.0 20

21 State and local governments 2622.6 2720.9 2867.8 2887.8 2999.3 3065.5 3006.8 21

22 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 22

 Foreign credit market debt

23 held in U.S. 1513.9 1882.6 2126.3 1708.8 2090.3 2225.3 2276.7 23

24 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 24

25 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1689.5 1763.8 25

26 Depository institution loans n.e.c. 84.4 98.3 102.8 107.9 96.8 115.1 144.3 26

27 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.1 23.5 27

28 Domestic and foreign 29186.1 31905.1 34698.8 36187.6 37504.9 39057.4 40440.0 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 12956.9 14278.6 16224.1 17122.9 15708.5 14498.3 14070.6 1

 2 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 575.9 507.8 2

 3 GSE issues 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 3

 4 Agency- and GSE-backed mortgage pool sec. 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 4

 5 Corporate bonds 4652.7 5440.1 6280.7 6000.3 5738.1 5334.5 5021.4 5

 6 Depository institution loans n.e.c. 227.7 213.0 293.1 789.5 424.7 373.7 399.9 6

 7 Other loans and advances 620.2 641.4 867.1 900.5 617.9 473.2 413.1 7

 8 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 8

 9 By sector 12956.9 14278.6 16224.1 17122.9 15708.5 14498.3 14070.6 9

10 U.S.-chartered depository institutions 727.8 768.3 990.9 989.8 717.4 942.4 868.7 10

11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 11

12 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 24.2 12

13 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 46.8 13

14 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 14

15 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 15

16 ABS issuers 3393.5 4179.9 4534.4 4123.3 3308.2 2243.3 1996.2 16

17 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 1268.8 1274.8 17

18 REITs 395.5 411.0 421.2 367.4 317.4 315.2 343.4 18

19 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 91.8 19

20 Holding companies 481.8 558.7 710.6 807.9 1253.7 1237.2 1220.8 20

21 Funding corporations 619.9 645.3 786.4 1252.8 816.8 716.4 651.8 21
FFA, 2005-2011, September 20, 2012 57

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total 42143.0 46183.7 50922.9 53310.5 53213.4 53555.6 54510.5 1

 2 Open market paper 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 969.2 2

 3 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 3

 4 Agency- and GSE-backed securities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 4

 5 Municipal securities 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 3743.4 5

 6 Corporate and foreign bonds 8820.4 10080.0 11543.4 11118.5 11577.0 11715.3 11861.1 6

 7 Depository institution loans n.e.c. 1557.7 1741.0 2060.1 2750.0 2021.7 1954.3 2086.8 7

 8 Other loans and advances 1821.9 1982.9 2511.0 2610.2 2098.1 1797.8 1810.3 8

 9 Mortgages 12091.8 13470.6 14546.1 14635.3 14353.7 13730.2 13402.2 9

10 Consumer credit 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 10

 Memo:

 Selected claims not included above:

11 Corporate equities 20636.1 24339.3 25580.9 15640.5 20123.2 23410.8 22824.9 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 42143.0 46183.7 50922.9 53310.5 53213.4 53555.6 54510.5 1

 2 U.S. official reserve assets 61.1 62.2 67.3 74.2 175.1 175.8 183.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 3

 4 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 4

 5 Foreign deposits 997.8 1085.0 1340.9 946.7 840.6 866.5 834.1 5

 6 Net interbank liabilities 161.4 190.3 136.3 1922.9 1325.5 1147.7 1984.6 6

 7 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 7

 8 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 8

 9 Large time deposits 1789.5 2050.8 2382.2 2191.6 1989.8 1807.5 1603.0 9

10 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 2642.5 10

11 Security RPs 1741.2 2137.7 2118.5 1238.2 1488.4 1272.3 1140.7 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 12

13 Security credit 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1312.1 13

14 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1352.0 14

15 Pension fund reserves 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 15

16 Trade payables 3003.6 3195.9 3398.0 3228.1 3204.9 3393.7 3615.2 16

17 Taxes payable 214.5 237.0 167.7 44.0 40.6 50.7 64.7 17

18 Miscellaneous 14329.4 15692.9 17539.8 20072.8 19982.0 20661.0 21048.6 18

19 Total liabilities 92233.6 101862.8 111841.3 112818.7 115179.7 118220.4 121272.3 19

 + Financial assets not included in

 liabilities:

20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 20

21 Corporate equities 20636.1 24339.3 25580.9 15640.5 20123.2 23410.8 22824.9 21

22 Household equity in noncorp. bus. 8878.6 9204.3 9341.1 7733.4 6480.6 7018.5 7525.3 22

 - Liabilities not identified as assets:

23 Treasury currency -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 -18.3 23

24 Foreign deposits 779.5 886.3 1082.9 735.8 661.5 667.5 691.4 24

25 Net interbank transactions -41.8 -45.0 -41.8 -17.5 5.1 -17.7 -5.3 25

26 Security RPs 698.4 885.0 651.2 60.2 447.6 346.4 238.5 26

27 Taxes payable -18.1 -48.1 -174.8 -345.3 -375.5 -398.2 -409.3 27

28 Miscellaneous -5483.5 -6631.6 -7366.1 -5126.5 -5497.9 -5580.2 -6592.9 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Federal govt. 1.8 0.1 2.8 1.2 2.0 2.5 2.5 30

31 Private domestic 7.4 7.4 7.3 5.3 4.2 3.2 4.1 31

32 Trade credit 57.9 234.8 208.8 234.9 337.7 423.9 450.2 32

33 Totals identified to sectors as assets 125766.8 140138.7 152415.4 140667.6 146226.3 153231.1 157272.6 33
58 FFA, 2005-2011, September 20, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 38580.0 43282.0 46349.0 38736.6 42747.9 45971.8 46213.2 1

 2 Foreign deposits 59.9 65.2 80.5 56.9 50.5 52.1 50.1 2

 3 Checkable deposits and currency 659.9 694.6 675.9 869.0 913.4 856.7 1148.7 3

 4 Time and savings deposits 5261.2 5766.8 6273.9 6476.8 6585.2 6739.4 7117.3 4

 5 Money market fund shares 1018.2 1186.6 1421.0 1657.2 1386.8 1209.3 1187.2 5

 6 Securities 15925.2 18131.3 19130.6 13874.3 16617.5 18753.7 18136.5 6

 7 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 58.2 7

 8 U.S. savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 8

 9 Treasury bills and other Treasury securities 291.4 209.0 64.9 38.4 583.1 897.3 439.3 9

10 Agency- and GSE-backed securities 500.8 425.5 680.0 716.3 122.5 122.7 77.5 10

11 Municipal securities 1641.6 1684.3 1726.8 1767.4 1896.0 1953.2 1891.8 11

12 Corporate and foreign bonds 1423.1 1653.5 2118.4 2052.8 2213.1 2185.8 2118.1 12

13 Corporate equities (2) 8092.0 9645.0 9631.6 5759.5 7419.7 8736.7 8720.8 13

14 Mutual fund shares 3672.8 4194.1 4605.3 3340.0 4157.3 4606.6 4645.8 14

15 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 15

16 Pension fund reserves 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 16

17 Life insurance companies 2197.4 2332.4 2450.8 2184.6 2323.0 2504.7 2556.6 17

18 Private pension funds 5427.8 6120.5 6444.8 4588.0 5507.4 6136.6 6118.2 18

19 Governments 3835.2 4297.6 4495.1 3637.0 4084.7 4449.5 4477.6 19

20 Miscellaneous and other assets 3112.6 3631.8 4299.6 4342.9 4170.3 4132.6 4217.2 20

21 Total liabilities 16326.2 18118.2 19612.0 19905.9 19583.6 19227.5 19004.1 21

22 Home mortgages 9371.5 10430.4 11151.9 11055.6 10868.6 10408.7 10156.9 22

23 Other mortgages 1788.6 2015.4 2301.9 2529.9 2551.8 2456.0 2404.8 23

24 Consumer credit 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 24

25 Policy loans 107.6 110.9 114.5 120.4 121.1 124.5 126.9 25

26 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.5 26

27 Other liabilities 2505.5 2884.4 3189.4 3486.3 3400.4 3414.9 3445.3 27

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
FFA, 2005-2011, September 20, 2012 59

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 44850.2 49360.0 52082.6 42767.3 45624.1 49518.7 50275.4 1

 2 Deposits 6232.1 6847.9 7502.0 8107.1 7969.1 7926.7 8574.4 2

 3 Foreign deposits 59.9 65.2 80.5 56.9 50.5 52.1 50.1 3

 4 Checkable deposits and currency 285.8 245.8 160.2 349.6 373.6 336.7 629.0 4

 5 Time and savings deposits 4937.1 5422.4 5914.6 6118.8 6231.9 6399.5 6778.7 5

 6 Money market fund shares 949.2 1114.5 1346.7 1581.8 1313.1 1138.4 1116.6 6

 7 Credit market instruments 4247.9 4361.2 4956.5 4858.9 5117.4 5477.5 4823.7 7

 8 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 58.2 8

 9 Treasury securities 440.4 355.1 202.0 180.6 728.2 1040.9 580.3 9

10 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 10

11 Bills and other Treasury securities 235.3 152.7 5.6 -13.4 537.0 853.0 395.1 11

12 Agency- and GSE-backed securities 500.8 425.5 680.0 716.3 122.5 122.7 77.5 12

13 Municipal securities 1637.2 1678.6 1721.5 1762.5 1890.9 1948.3 1887.0 13

14 Corporate and foreign bonds 1423.1 1653.5 2118.4 2052.8 2213.1 2185.8 2118.1 14

15 Other loans and advances (2) 8.7 9.1 17.6 29.7 26.8 26.2 23.4 15

16 Mortgages 139.4 122.1 109.8 111.1 101.4 90.1 79.5 16

17 Corporate equities (3) 8092.0 9645.0 9631.6 5759.5 7419.7 8736.7 8720.8 17

18 Mutual fund shares 3672.8 4194.1 4605.3 3340.0 4157.3 4606.6 4645.8 18

19 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 752.3 19

20 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 20

21 Pension fund reserves 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 21

22 Equity in noncorporate business 8878.6 9204.3 9341.1 7733.4 6480.6 7018.5 7525.3 22

23 Miscellaneous assets 608.7 646.1 712.2 766.3 787.1 830.5 877.2 23

24 Total liabilities 12146.0 13354.5 14263.0 14111.3 13888.3 13714.5 13484.7 24

25 Credit market instruments 11704.9 12839.7 13699.1 13682.7 13410.5 13137.5 12933.7 25

26 Home mortgages (4) 8894.5 9879.2 10566.9 10514.7 10369.2 9950.9 9721.6 26

27 Consumer credit 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 27

28 Municipal securities 213.7 230.1 250.7 258.7 264.6 262.3 254.4 28

29 Depository institution loans n.e.c. (5) -15.8 30.9 21.8 26.4 10.2 61.0 12.4 29

30 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 138.1 30

31 Commercial mortgages 172.8 190.7 204.0 200.9 194.0 181.9 175.5 31

32 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.5 32

33 Trade payables 186.3 199.9 214.5 236.7 252.7 274.1 288.2 33

 Deferred and unpaid

34 life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 34

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

 outstandings of nonprofit organizations.

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

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18) and life insurance and pension reserves (lines 20 and 21).

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

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 15.
60 FFA, 2005-2011, September 20, 2012

L.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 14505.3 15784.0 17358.0 16630.8 16932.5 17633.8 18475.3 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 41.1 34.0 2

 3 Checkable deposits and currency 642.1 599.6 658.8 550.0 710.3 846.3 914.9 3

 4 Time and savings deposits 774.5 841.4 800.7 740.0 842.1 851.2 875.3 4

 5 Money market fund shares 421.2 493.4 622.8 786.0 715.4 555.7 522.7 5

 6 Security RPs 14.6 15.5 8.1 7.2 7.9 12.1 12.8 6

 7 Credit market instruments 437.2 425.0 357.1 309.8 310.7 322.5 307.8 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 67.8 59.2 8

 9 Treasury securities 108.3 101.8 97.7 82.3 89.1 92.2 91.8 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 15.9 15.9 10

11 Municipal securities 36.6 33.9 34.5 31.1 32.2 29.0 24.5 11

12 Mortgages 104.4 94.5 83.5 72.8 67.5 64.5 62.9 12

13 Consumer credit 59.6 57.0 59.3 56.3 51.7 53.1 53.5 13

14 Mutual fund shares 134.4 173.1 178.0 106.2 161.9 186.6 167.5 14

15 Trade receivables 2539.2 2561.4 2778.0 2607.3 2552.4 2664.9 2849.0 15

16 Miscellaneous assets 9478.6 10625.3 11904.3 11499.7 11600.4 12153.3 12791.3 16

17 Total liabilities 15362.3 16585.1 18264.9 19019.6 18593.8 18877.8 19266.6 17

18 Credit market instruments 8642.9 9576.6 10883.3 11546.8 11199.4 11243.4 11769.1 18

19 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 19

20 Municipal securities 218.2 272.4 341.5 409.7 447.5 482.3 497.4 20

21 Corporate bonds 3156.1 3364.4 3675.5 3881.0 4268.6 4691.4 5076.0 21

22 Depository institution loans n.e.c. 1261.4 1398.7 1642.4 1826.1 1490.1 1404.6 1530.2 22

23 Other loans and advances 1038.1 1179.9 1481.5 1542.3 1311.1 1152.0 1220.3 23

24 Mortgages 2879.0 3248.6 3618.5 3756.3 3623.6 3430.3 3329.0 24

25 Trade payables 2035.1 2161.7 2272.8 2053.5 1975.8 2119.9 2296.5 25

26 Taxes payable 172.9 181.1 135.3 145.1 135.6 137.9 142.5 26

27 Miscellaneous liabilities 4511.4 4665.7 4973.5 5274.2 5283.0 5376.5 5058.5 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
FFA, 2005-2011, September 20, 2012 61

L.102 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 11908.6 12667.6 13762.1 12937.7 13340.1 14176.0 15025.3 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 41.1 34.0 2

 3 Checkable deposits and currency 268.0 150.8 143.2 30.6 170.5 326.3 395.2 3

 4 Time and savings deposits 450.4 497.0 441.3 381.9 488.8 511.4 536.7 4

 5 Money market fund shares 352.2 421.3 548.5 710.6 641.7 484.8 452.0 5

 6 Security RPs 14.6 15.5 8.1 7.2 7.9 12.1 12.8 6

 7 Credit market instruments 340.4 328.3 250.4 214.0 221.6 236.8 222.3 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 67.8 59.2 8

 9 Treasury securities 52.1 45.5 38.3 30.5 43.0 47.8 47.6 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 15.9 15.9 10

11 Municipal securities 32.1 28.1 29.2 26.2 27.1 24.1 19.6 11

12 Mortgages 68.3 59.8 41.4 33.6 29.5 28.0 26.5 12

13 Consumer credit 59.6 57.0 59.3 56.3 51.7 53.1 53.5 13

14 Mutual fund shares 134.4 173.1 178.0 106.2 161.9 186.6 167.5 14

15 Trade receivables 2108.2 2090.5 2252.4 2084.6 2056.0 2187.4 2373.3 15

16 Miscellaneous assets 8176.9 8941.7 9890.0 9377.9 9560.4 10189.5 10831.5 16

17 U.S. direct investment abroad (1) 2205.7 2440.7 2892.9 3011.1 3219.1 3434.7 3794.6 17

18 Insurance receivables 284.0 291.6 299.9 311.1 310.2 313.2 328.7 18

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

20 Investment in finance company subs. 117.0 140.1 81.5 80.5 71.2 62.5 71.5 20

21 Other 5569.6 6068.7 6615.0 5974.8 5959.4 6378.5 6636.1 21

22 Total liabilities 11182.1 11821.5 12916.0 13225.0 12898.5 13364.8 13747.2 22

23 Credit market instruments 5745.1 6263.6 7108.7 7453.5 7240.4 7478.1 8018.1 23

24 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 24

25 Municipal securities (2) 218.2 272.4 341.5 409.7 447.5 482.3 497.4 25

26 Corporate bonds (1) 3156.1 3364.4 3675.5 3881.0 4268.6 4691.4 5076.0 26

27 Depository institution loans n.e.c. 591.0 613.0 715.9 780.0 560.3 545.2 618.4 27

28 Other loans and advances (3) 903.5 1028.5 1316.5 1364.9 1139.1 977.9 1045.7 28

29 Mortgages 786.3 872.7 935.5 886.3 766.5 698.5 664.4 29

30 Trade payables 1700.6 1812.9 1897.9 1672.8 1587.5 1750.6 1928.6 30

31 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 47.8 31

32 Miscellaneous liabilities 3650.2 3659.6 3873.5 4059.8 4034.8 4093.2 3752.6 32

33 Foreign direct investment in U.S. 1549.4 1722.7 1961.9 2050.3 1986.4 2119.9 2361.1 33

34 Pension fund contributions payable 44.8 42.8 47.2 47.9 50.5 49.2 49.4 34

35 Other 2056.0 1894.1 1864.3 1961.6 1997.9 1924.1 1342.2 35

 Memo:

36 Trade receivables net of payables 407.7 277.6 354.4 411.9 468.5 436.8 444.7 36

37 Market value of equities 12686.6 14602.3 15730.7 10016.6 12494.7 14422.8 14516.7 37

38 Securities and mortgages 4160.6 4509.5 4952.5 5177.0 5482.6 5872.1 6237.7 38

39 Loans and short-term paper 1584.5 1754.1 2156.2 2276.5 1757.8 1606.0 1780.4 39

40 Total short-term liabilities (4) 3371.3 3652.4 4089.9 3988.2 3381.0 3399.5 3756.8 40

41 Total liquid assets (5) 1495.7 1518.5 1519.1 1385.2 1642.6 1718.0 1740.5 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.4 72.0 69.7 69.5 75.7 78.5 77.8 42

43 Short-term debt/credit market debt 27.6 28.0 30.3 30.5 24.3 21.5 22.2 43

44 Liquid assets/short-term liabilities 44.4 41.6 37.1 34.7 48.6 50.5 46.3 44

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

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

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

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

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
62 FFA, 2005-2011, September 20, 2012

L.103 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2596.7 3116.5 3595.9 3693.2 3592.3 3457.8 3450.0 1

 2 Checkable deposits and currency 374.1 448.8 515.6 519.4 539.8 520.0 519.8 2

 3 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 339.9 338.6 3

 4 Money market fund shares 69.0 72.2 74.3 75.4 73.7 70.9 70.7 4

 5 Credit market instruments 96.8 96.7 106.7 95.8 89.1 85.7 85.4 5

 6 Treasury securities 56.2 56.3 59.3 51.8 46.1 44.4 44.2 6

 7 Municipal securities 4.4 5.8 5.3 4.9 5.1 4.9 4.9 7

 8 Mortgages 36.2 34.6 42.1 39.1 37.9 36.5 36.3 8

 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Trade receivables 430.9 470.9 525.6 522.7 496.3 477.4 475.7 10

11 Miscellaneous assets 1301.7 1683.5 2014.3 2121.8 2040.0 1963.8 1959.8 11

12 Insurance receivables 99.2 103.6 107.3 111.5 112.4 112.6 119.0 12

13 Equity investment in GSEs (1) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 13

14 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1844.6 1833.8 14

15 Total liabilities 4180.2 4763.6 5349.0 5794.6 5695.3 5513.0 5519.4 15

16 Credit market instruments 2897.7 3313.0 3774.6 4093.4 3959.0 3765.3 3751.0 16

17 Depository institution loans n.e.c. 670.4 785.7 926.5 1046.1 929.8 859.4 911.7 17

18 Other loans and advances 134.6 151.4 165.1 177.4 172.0 174.1 174.7 18

19 Mortgages 2092.7 2375.9 2683.0 2869.9 2857.2 2731.8 2664.6 19

20 Trade payables 334.5 348.9 374.9 380.7 388.3 369.3 367.9 20

21 Taxes payable 86.7 95.7 99.5 106.2 99.9 95.1 94.6 21

22 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1248.1 1283.3 1305.8 22

(1) Equity in the Farm Credit System.
FFA, 2005-2011, September 20, 2012 63

L.104 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2194.3 2295.4 2516.7 2426.5 2463.7 2447.9 2302.2 1

 2 Checkable deposits and currency 56.5 61.9 57.1 65.6 84.9 91.5 107.4 2

 3 Time and savings deposits 183.3 209.6 245.9 265.1 275.9 275.5 293.5 3

 4 Money market fund shares 88.1 99.3 116.6 122.3 134.7 143.5 140.8 4

 5 Security RPs 126.1 126.5 132.8 125.0 123.9 119.0 111.0 5

 6 Credit market instruments 1356.2 1437.4 1534.8 1418.3 1376.2 1359.1 1248.3 6

 7 Open market paper 157.9 155.1 139.3 66.2 -4.1 -13.8 -4.7 7

 8 Treasury securities 505.9 551.7 588.1 551.0 581.3 587.7 525.8 8

 9 Agency- and GSE-backed securities 402.7 423.7 467.6 462.9 443.6 430.1 384.8 9

10 Municipal securities 6.8 7.9 9.5 10.1 11.4 12.3 12.1 10

11 Corporate and foreign bonds 128.1 135.0 149.1 147.9 154.7 157.0 150.6 11

12 Mortgages 154.9 164.0 181.2 180.2 189.3 185.9 179.8 12

13 Corporate equities 87.6 88.4 94.5 66.1 96.0 78.2 72.7 13

14 Mutual fund shares 31.6 34.0 38.4 38.8 41.3 37.7 36.3 14

15 Trade receivables 96.8 82.4 69.9 48.8 30.2 10.0 0.0 15

16 Taxes receivable 141.0 189.0 237.5 269.8 280.9 298.0 307.5 16

17 Miscellaneous assets 27.0 -33.0 -10.9 6.6 19.4 35.4 -15.3 17

18 Total liabilities 3104.7 3237.3 3421.3 3480.4 3631.6 3737.8 3719.4 18

19 Credit market instruments 2622.6 2720.9 2867.8 2887.8 2999.3 3065.5 3006.8 19

20 Municipal securities 2612.0 2709.7 2855.9 2875.0 2985.7 3051.1 2991.6 20

21 Short-term (2) 42.5 34.3 51.2 55.9 63.6 63.0 52.3 21

22 Long-term 2569.5 2675.4 2804.7 2819.2 2922.1 2988.1 2939.3 22

23 U.S. government loans 10.6 11.2 11.9 12.7 13.5 14.4 15.3 23

24 Trade payables 482.0 516.4 553.5 592.7 632.3 672.3 712.5 24

(1) Data for employee retirement funds are shown in table L.117.

(2) Debt with original maturity of 13 months or less.
64 FFA, 2005-2011, September 20, 2012

L.105 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 643.7 636.6 681.2 1261.5 1343.9 1571.4 1350.9 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 103.9 2

 3 Checkable deposits and currency 36.8 32.9 56.5 368.0 193.6 342.1 84.3 3

 4 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 1.7 4

 5 Credit market instruments 273.8 275.2 281.1 366.4 661.8 746.9 746.2 5

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

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

 8 Other loans and advances 107.4 108.0 105.8 111.8 177.9 181.4 186.3 8

 9 Mortgages 76.6 80.3 82.4 95.8 108.4 106.6 110.6 9

10 Consumer credit (1) 89.8 86.9 93.0 104.3 178.6 308.8 417.4 10

11 Corporate equities (2) 0.0 0.0 0.0 188.7 67.4 49.9 57.5 11

12 Trade receivables 71.0 59.4 60.6 64.7 43.6 42.9 47.7 12

13 Taxes receivable 91.6 96.1 105.0 119.4 135.1 150.8 166.5 13

14 Miscellaneous assets 133.7 136.8 138.7 110.8 145.8 141.4 143.1 14

15 Total liabilities 5947.6 6193.2 6537.4 7888.4 9405.9 11082.3 12261.6 15

16 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 16

17 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 17

18 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 18

19 Credit market instruments 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 19

20 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 20

21 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 1519.5 21

22 Other Treasury securities 3512.2 3718.6 3903.3 4283.0 5802.8 7404.7 8723.7 22

23 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 23

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

25 Trade payables 202.7 208.9 238.2 260.8 204.6 213.3 234.7 25

26 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 49.7 26

27 Miscellaneous liabilities (3) 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 1438.3 27

28 Nonmarketable securities held by pension plans 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 28

29 Other 80.7 98.6 142.2 168.2 184.4 206.5 224.6 29

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

 the government purchased from depository institutions and finance companies.

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

(3) Includes 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.
FFA, 2005-2011, September 20, 2012 65

L.106 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 11599.4 14067.7 16037.6 15239.6 15806.6 17405.5 18801.8 1

 2 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 2

 3 Net interbank assets 133.2 165.1 53.7 464.5 194.0 145.9 367.3 3

 4 U.S. checkable deposits and currency 300.1 311.6 306.1 370.1 361.0 390.5 471.0 4

 5 U.S. time deposits 155.9 167.4 207.6 273.1 230.0 246.9 283.6 5

 6 Money market fund shares 23.0 27.0 46.0 69.7 76.9 69.8 64.3 6

 7 Security RPs (net) 231.2 364.6 338.4 114.9 31.0 -96.1 -44.9 7

 8 Credit market instruments 5191.3 6199.7 7272.6 7504.6 7723.4 8497.0 9127.4 8

 9 Open market paper 239.6 286.3 278.1 232.9 191.5 191.0 190.7 9

10 Treasury securities 1984.4 2126.2 2376.4 3253.0 3670.6 4466.6 5071.1 10

11 Official 1340.6 1558.3 1736.7 2400.5 2879.6 3364.8 3653.1 11

12 Private 643.8 567.9 639.8 852.5 791.0 1101.8 1418.1 12

13 Agency- and GSE-backed securities 1012.9 1263.6 1582.4 1406.9 1154.9 1084.0 1079.9 13

14 Official 487.2 695.2 954.3 940.5 749.0 661.2 648.2 14

15 Private 525.7 568.4 628.0 466.4 405.9 422.8 431.7 15

16 Municipal securities 29.0 34.4 45.1 50.5 58.7 71.7 82.7 16

17 U.S. corporate bonds (1) 1762.9 2320.5 2719.1 2354.0 2465.3 2523.3 2500.5 17

18 Loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.5 160.4 202.5 18

19 U.S. corporate equities 2039.1 2448.1 2812.2 1806.6 2477.2 2962.1 2973.6 19

20 Mutual fund shares 242.0 316.8 373.5 256.2 363.6 513.8 559.9 20

21 Trade receivables 56.9 62.8 83.6 90.1 96.7 116.3 133.5 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 3219.7 3997.4 4536.2 4282.3 4197.4 4505.0 4811.8 23

24 Foreign direct investment in U.S. (2) 1906.0 2154.1 2345.9 2397.4 2398.2 2597.7 2908.8 24

25 Other 1313.8 1843.3 2190.2 1884.9 1799.2 1907.3 1903.0 25

26 Total liabilities 6157.7 7322.3 8704.4 8844.2 9079.9 9807.3 10080.6 26

27 U.S. official reserve assets (3) 54.1 54.9 59.5 66.6 119.7 121.4 129.6 27

28 U.S. private deposits 997.8 1085.0 1340.9 946.7 840.6 866.5 834.1 28

29 Credit market instruments 1513.9 1882.6 2126.3 1708.8 2090.3 2225.3 2276.7 29

30 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 30

31 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1689.5 1763.8 31

32 Depository institution loans n.e.c. 84.4 98.3 102.8 107.9 96.8 115.1 144.3 32

33 Official 2.6 1.9 1.9 2.6 3.2 4.3 2.6 33

34 Banks 18.1 21.9 30.2 33.0 27.9 39.7 51.0 34

35 Other 63.7 74.4 70.8 72.4 65.8 71.2 90.7 35

36 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.1 23.5 36

37 Trade payables 54.5 60.7 73.1 63.2 69.3 95.9 69.1 37

38 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 3537.5 4239.1 5104.6 6059.0 5959.9 6498.1 6771.1 39

40 U.S. equity in IBRD, etc. 43.2 45.3 46.9 48.3 50.0 52.3 54.9 40

41 Nonofficial foreign currencies 0.6 0.6 24.5 554.2 10.9 0.8 100.5 41

42 U.S. direct investment abroad (1,2) 2651.7 2948.2 3553.1 3748.5 4029.5 4306.8 4681.6 42

43 Investment by holding companies 27.1 68.4 110.6 101.5 125.1 135.6 162.1 43

44 Other 814.8 1176.7 1369.5 1606.4 1744.5 2002.5 1772.1 44

 Memo:

45 Market value of foreign equities 3317.7 4329.0 5248.0 2748.4 3995.3 4646.9 4158.2 45

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
66 FFA, 2005-2011, September 20, 2012

L.107 Financial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 51973.9 57995.0 63739.4 62341.9 64055.5 64653.8 66067.0 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 36.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 44.2 4

 5 Foreign deposits 94.7 84.1 127.3 129.3 97.1 105.9 58.5 5

 6 Net interbank assets 70.1 70.1 124.4 1475.9 1126.4 1019.6 1622.6 6

 7 Checkable deposits and currency 196.6 248.0 284.1 391.5 363.8 347.1 381.2 7

 8 Time and savings deposits 335.5 353.4 435.1 542.5 734.5 657.3 572.4 8

 9 Money market fund shares 525.4 578.0 901.0 1197.5 1018.2 848.0 798.2 9

10 Federal funds and security RPs 670.9 746.1 988.0 930.9 878.1 890.8 823.2 10

11 Credit market instruments 30636.6 33485.2 36520.8 38852.4 38023.7 37152.6 38257.2 11

12 Open market paper 1037.3 1276.4 1194.5 1237.0 859.3 749.1 665.9 12

13 Treasury securities 1639.1 1727.0 1835.0 2271.4 2712.8 3174.1 4159.3 13

14 Agency- and GSE-backed securities 4230.9 4364.6 4655.0 5516.0 6175.0 5796.1 5988.3 14

15 Municipal securities 1334.4 1457.5 1637.6 1689.2 1704.8 1734.2 1737.1 15

16 Corporate and foreign bonds 5506.3 5971.0 6556.7 6563.9 6743.4 6848.4 7091.3 16

17 Depository institution loans n.e.c. 1557.7 1741.0 2060.1 2750.0 2021.7 1954.3 2086.8 17

18 Other loans and advances 1543.3 1697.0 2116.1 2261.3 1711.0 1429.8 1398.2 18

19 Mortgages 11616.6 13009.8 14089.2 14175.4 13887.2 13283.1 12969.5 19

20 Consumer credit 2171.2 2241.0 2376.5 2388.3 2208.6 2183.4 2160.8 20

21 Corporate equities 10417.4 12157.7 13042.6 7819.6 10062.9 11584.0 11000.3 21

22 Mutual fund shares 1968.1 2350.2 2633.8 1694.1 2237.4 2589.8 2591.0 22

23 Trade receivables 181.8 195.2 197.1 182.2 144.2 135.6 134.8 23

24 Security credit 463.1 594.3 660.0 385.8 422.6 520.5 559.8 24

25 Life insurance reserves 0.0 108.6 124.7 130.0 132.8 141.1 148.4 25

26 Miscellaneous assets 6345.2 6952.1 7625.4 8533.5 8729.6 8575.7 9033.2 26

27 Total liabilities 49515.5 55170.3 60650.2 59474.6 60580.2 61000.7 62459.4 27

28 Net interbank liabilities 161.4 190.3 136.3 1922.9 1325.5 1147.7 1984.6 28

29 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 29

30 Time and savings deposits 6387.6 6995.8 7606.7 7940.9 8316.3 8432.4 8805.2 30

31 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 2642.5 31

32 Federal funds and security RPs 1741.2 2137.7 2118.5 1238.2 1488.4 1272.3 1140.7 32

33 Credit market instruments 12956.9 14278.6 16224.1 17122.9 15708.5 14498.3 14070.6 33

34 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 575.9 507.8 34

35 Agency- and GSE-backed securities 6140.7 6468.9 7374.6 8143.4 8083.3 7574.0 7552.1 35

36 Corporate and foreign bonds 4652.7 5440.1 6280.7 6000.3 5738.1 5334.5 5021.4 36

37 Depository institution loans n.e.c. 227.7 213.0 293.1 789.5 424.7 373.7 399.9 37

38 Other loans and advances 620.2 641.4 867.1 900.5 617.9 473.2 413.1 38

39 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 39

40 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 40

41 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 14.2 41

42 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 1073.6 42

43 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 43

44 Pension fund reserves 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 44

45 Taxes payable 41.6 55.9 32.4 -101.1 -95.0 -87.3 -77.8 45

46 Miscellaneous liabilities 5294.4 5748.1 6343.6 7529.1 7455.4 7412.2 7756.4 46

 Memo:

47 Market value of corporate equities 4631.9 5408.0 4602.2 2875.4 3633.2 4341.1 4150.0 47

48 Equity in noncorporate business 11.7 9.8 11.6 9.5 12.1 13.8 13.0 48

(1) Sum of financial sectors shown on tables L.108 through L.129.
FFA, 2005-2011, September 20, 2012 67

L.108 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 878.7 908.2 951.3 2270.6 2267.2 2453.2 2947.2 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 36.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 44.2 4

 5 Federal Reserve float (2) 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 5

 6 Interbank loans (2) 0.1 0.1 48.6 559.7 96.6 0.2 0.2 6

 7 Discount window (3) 0.1 0.1 48.6 544.0 96.6 0.2 0.2 7

 8 AMLF (4) 0.0 0.0 0.0 15.7 0.0 0.0 0.0 8

 9 Security RPs 46.8 40.8 46.5 80.0 0.0 0.0 0.0 9

10 Credit market instruments 744.2 778.9 740.6 986.0 1987.7 2259.2 2635.6 10

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

12 Treasury securities 744.2 778.9 740.6 475.9 776.6 1021.5 1663.4 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1068.3 1139.6 941.7 13

14 Depository institution loans n.e.c. 0.0 0.0 0.0 490.4 142.8 98.1 30.5 14

15 Households (TALF) (5) 0.0 0.0 0.0 0.0 47.5 24.7 9.0 15

16 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Brokers and dealers (6) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 17

18 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 29.1 29.2 25.8 4.9 18

19 Funding corporations (AIG) 0.0 0.0 0.0 38.9 22.2 20.0 0.0 19

20 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 19.5 16.0 13.5 6.8 20

21 Funding corporations (Maiden Lane III)(9) 0.0 0.0 0.0 24.4 18.5 14.1 9.8 21

22 Funding corporations (CPFF) (10) 0.0 0.0 0.0 333.0 9.4 0.0 0.0 22

23 Corporate equities (11) 0.0 0.0 0.0 0.0 25.1 26.4 0.0 23

24 Miscellaneous assets 18.1 17.0 40.5 569.8 75.9 83.1 225.8 24

25 Nonofficial foreign currencies (12) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 25

26 Other 18.1 17.0 16.5 16.1 65.6 83.0 126.0 26

27 Total liabilities 865.7 892.9 932.8 2249.6 2241.6 2426.7 2920.3 27

28 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 28

29 Vault cash of depository institutions 50.1 51.7 55.0 57.7 54.9 52.7 60.8 29

30 Checkable deposits and currency 750.8 774.3 792.1 1220.3 1102.7 1287.8 1165.7 30

31 Due to federal government 4.8 5.0 16.4 365.7 191.9 340.9 85.9 31

32 Treasury cash holdings 0.2 0.3 0.3 0.3 0.2 0.2 0.1 32

33 Treasury general deposit account 4.6 4.7 16.1 106.1 186.6 140.8 85.7 33

34 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 5.0 200.0 0.0 34

35 Due to rest of the world 0.1 0.1 0.1 1.4 2.4 3.4 0.2 35

36 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 64.6 36

37 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 1015.0 37

38 Security RPs 30.5 29.6 44.0 88.4 77.7 59.7 99.9 38

39 Miscellaneous liabilities 15.3 18.5 21.0 23.1 29.2 58.4 31.7 39

40 Federal Reserve Bank stock 13.5 15.3 18.5 21.1 25.6 26.5 26.9 40

41 Other 1.8 3.2 2.5 2.1 3.6 31.9 4.8 41

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

(2) Shown on table L.203.

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

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

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
68 FFA, 2005-2011, September 20, 2012

L.109 Private Depository Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 10643.0 11367.8 12362.1 14114.6 13425.0 13543.2 14634.9 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.7 60.8 2

 3 Reserves at Federal Reserve 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 3

 4 Credit market instruments 9362.6 10112.1 10915.0 11295.5 10728.2 10913.1 11108.1 4

 5 Open market paper 0.8 1.0 0.4 15.7 0.0 0.0 0.0 5

 6 Treasury securities 116.0 112.3 122.7 101.9 196.6 299.5 252.9 6

 7 Agency- and GSE-backed securities 1357.1 1373.9 1258.2 1400.3 1580.0 1718.1 1851.7 7

 8 Municipal securities 166.6 191.4 204.0 224.4 227.8 257.1 300.7 8

 9 Corporate and foreign bonds 778.8 886.9 1119.1 1078.2 932.6 787.0 794.6 9

10 Depository institution loans n.e.c. 1557.7 1741.0 2060.1 2259.5 1878.9 1856.3 2056.4 10

11 Other loans and advances 4.0 0.4 0.5 0.0 0.0 0.0 0.0 11

12 Mortgages 4336.9 4732.3 5018.6 5014.2 4768.9 4583.0 4436.2 12

13 Consumer credit 1044.7 1072.8 1131.5 1201.2 1143.4 1412.0 1415.6 13

14 Corporate equities 62.9 79.8 88.8 33.8 63.6 73.6 67.4 14

15 Mutual fund shares 19.5 26.6 31.6 21.6 47.4 46.5 43.4 15

16 Security credit 230.7 302.2 334.5 221.0 219.6 242.3 321.3 16

17 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 120.8 17

18 Miscellaneous assets 898.1 683.3 812.2 1514.3 1222.7 1130.9 1350.8 18

19 Total liabilities 10338.5 10975.2 11893.5 13621.7 13222.9 13498.0 14708.0 19

20 Net interbank liabilities 92.3 119.9 60.6 1005.2 293.6 127.0 361.5 20

21 Checkable deposits 776.4 732.9 740.8 881.0 990.7 1072.0 1428.6 21

22 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 22

23 Large time deposits 1789.5 2050.8 2382.2 2191.6 1989.8 1807.5 1603.0 23

24 Federal funds and security RPs (net) 862.3 905.7 807.1 467.5 835.8 674.9 600.1 24

25 Credit market instruments 743.2 787.6 1023.7 1030.4 743.9 968.6 892.8 25

26 Open market paper 4.1 0.5 0.5 0.0 0.0 112.9 120.6 26

27 Corporate bonds 130.4 159.9 184.8 184.8 176.3 436.8 415.8 27

28 Other loans and advances 608.7 627.2 838.4 845.6 567.6 418.9 356.4 28

29 Taxes payable (net) 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 29

30 Miscellaneous liabilities 1447.2 1405.3 1642.2 2370.3 2108.8 2282.8 2668.8 30

31 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 107.7 114.8 153.1 31

32 Investment by holding companies 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1711.9 32

33 Investment by funding corporations 188.8 197.3 241.0 276.6 203.1 171.6 137.8 33

34 Other 138.6 -70.4 50.1 651.4 198.5 363.7 666.0 34

 Memo:

35 Consumer leases not included above (2) 0.0 0.0 11.2 9.5 6.9 6.2 6.0 35

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

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

 The leased automobile is a nonfinancial asset.
FFA, 2005-2011, September 20, 2012 69

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 9099.8 9784.8 10513.4 11639.0 11257.1 11290.8 11706.4 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.7 60.8 2

 3 Reserves at Federal Reserve 18.1 18.1 19.8 616.4 670.1 580.4 805.2 3

 4 Credit market instruments 8011.3 8628.6 9201.0 9442.9 9131.1 9341.5 9468.4 4

 5 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 0.0 5

 6 Treasury securities 76.5 74.4 80.1 56.4 124.5 217.5 173.9 6

 7 Agency- and GSE-backed securities 1185.0 1217.3 1106.3 1242.5 1417.4 1527.2 1634.1 7

 8 Residential mortgage pass-through securities 695.0 746.1 697.1 851.0 837.5 835.3 899.1 8

 9 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 3.6 3.3 8.2 9

10 Residential CMOs and other structured MBS 183.0 179.9 174.1 193.9 264.0 393.4 473.8 10

11 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 4.0 3.6 13.4 11

12 Other 307.0 291.2 235.1 197.6 308.4 291.5 239.6 12

13 Municipal securities 166.1 190.1 202.0 221.9 224.3 254.6 297.3 13

14 Corporate and foreign bonds 491.8 563.4 714.6 650.5 667.1 548.9 551.8 14

15 Priv. residential mortgage pass-through securities 31.6 43.7 54.7 29.0 16.2 6.5 3.5 15

16 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 17.8 11.4 8.9 16

17 Priv. residential CMOs and other structured MBS 204.8 224.6 328.9 285.6 202.9 132.3 110.4 17

18 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 26.0 24.7 27.4 18

19 Other 255.5 295.1 330.9 335.9 404.1 374.0 401.8 19

20 Depository institution loans n.e.c. 1217.6 1331.1 1544.6 1675.8 1419.6 1412.9 1569.2 20

21 Other loans and advances 3.3 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Mortgages 4054.9 4415.7 4658.6 4615.2 4371.9 4194.9 4049.6 22

23 Consumer credit 816.1 836.7 894.9 965.0 906.3 1185.5 1192.6 23

24 Corporate equities 62.9 79.8 88.8 33.8 63.6 73.6 67.4 24

25 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 45.0 41.7 25

26 Security credit 95.6 116.5 145.9 158.6 158.0 152.3 189.6 26

27 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 120.8 27

28 Miscellaneous assets 844.4 772.0 869.1 1199.2 1021.7 929.3 952.6 28

29 Total liabilities 8844.4 9446.4 10106.2 11212.0 11110.9 11304.0 11839.0 29

30 Net interbank liabilities 297.1 397.2 527.5 1238.0 697.2 480.9 233.7 30

31 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 31

32 Borrowing from Federal Reserve banks 0.1 0.1 48.6 559.7 96.6 0.2 0.2 32

33 To domestic banks -13.7 -22.9 0.6 35.4 52.4 20.8 61.4 33

34 To foreign banks 309.9 420.3 478.3 644.4 550.3 461.3 172.8 34

35 Checkable deposits 672.7 637.1 639.6 777.5 871.6 941.1 1260.5 35

36 Federal government 33.9 28.0 42.9 3.5 3.8 3.6 1.0 36

37 Rest of the world 17.4 26.8 31.7 62.9 34.3 30.4 54.7 37

38 Private domestic 621.5 582.3 564.9 711.1 833.5 907.0 1204.8 38

39 Small time and savings deposits 4111.6 4418.3 4664.0 5144.6 5617.0 5888.6 6425.7 39

40 Large time deposits 1201.3 1326.0 1378.2 1309.2 979.4 849.1 813.9 40

41 Federal funds and security RPs (net) 678.1 670.9 583.4 335.3 665.6 451.7 342.6 41

42 Credit market instruments 727.8 768.3 990.9 989.8 717.4 942.4 868.7 42

43 Open market paper 3.3 0.0 0.0 0.0 0.0 112.9 120.6 43

44 Corporate bonds 130.4 159.9 184.8 184.8 176.3 436.8 415.8 44

45 Other loans and advances 594.0 608.3 806.1 805.0 541.1 392.8 332.3 45

46 Taxes payable (net) 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 46

47 Miscellaneous liabilities 1126.3 1200.6 1310.2 1491.2 1628.9 1809.8 1943.0 47

48 Investment by holding companies 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1711.9 48

49 Other 136.6 57.7 53.3 120.6 29.4 177.0 231.1 49

 Memo:

50 Consumer leases not included above (1) 0.0 0.0 11.2 9.5 6.9 6.2 6.0 50

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

 The leased automobile is a nonfinancial asset.
70 FFA, 2005-2011, September 20, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 818.1 828.2 1048.0 1624.8 1267.5 1336.7 1999.0 1

 2 Reserves at Federal Reserve 0.9 0.6 1.0 239.0 284.1 350.8 711.0 2

 3 Credit market instruments 657.8 761.6 963.3 1063.8 777.9 747.1 784.9 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 27.8 26.8 30.4 35.5 57.5 60.9 60.5 5

 6 Agency- and GSE-backed securities 50.9 55.1 57.1 50.6 31.3 26.5 30.6 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 262.8 292.5 369.5 401.6 244.9 233.9 234.5 8

 9 Depository institution loans n.e.c. 294.7 361.8 466.8 531.9 406.5 390.4 426.6 9

10 Other loans and advances 0.8 0.4 0.5 0.0 0.0 0.0 0.0 10

11 Mortgages 20.8 24.9 39.0 44.2 37.8 35.4 32.8 11

12 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 0.0 12

13 Security credit 135.1 185.6 188.6 62.3 61.6 90.1 131.7 13

14 Miscellaneous assets 24.3 -119.6 -104.9 259.7 143.9 148.7 371.4 14

15 Total liabilities 834.8 844.6 1067.5 1639.6 1283.7 1354.1 2020.9 15

16 Net interbank liabilities -141.7 -213.0 -404.1 -163.7 -322.5 -274.4 222.4 16

17 To foreign banks -176.7 -255.3 -424.6 -179.9 -356.2 -315.4 194.5 17

18 To domestic banks 35.0 42.2 20.5 16.2 33.7 41.0 27.9 18

19 Checkable deposits 9.3 9.3 11.8 13.5 16.1 21.9 45.6 19

20 Small time and savings deposits 10.0 18.6 25.5 25.6 29.9 35.7 48.9 20

21 Large time deposits 501.7 634.5 907.9 784.7 958.6 909.0 736.6 21

22 Federal funds and security RPs (net) 190.9 239.9 226.3 130.0 170.3 223.2 273.4 22

23 Open market paper (2) 0.8 0.5 0.5 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities 263.8 154.8 299.6 849.4 431.3 438.7 694.0 24

25 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 107.7 114.8 153.1 25

26 Investment by funding corporations 188.8 197.3 241.0 276.6 203.1 171.6 137.8 26

27 Other -55.1 -177.9 -35.6 501.1 120.5 152.4 403.1 27

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

(2) Bankers’ acceptances.
FFA, 2005-2011, September 20, 2012 71

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 106.3 105.2 104.9 102.0 94.7 79.9 75.8 1

 2 Credit market instruments 101.0 99.3 92.8 90.9 88.1 68.9 64.0 2

 3 Treasury securities 3.9 3.7 1.8 1.2 0.5 1.1 1.0 3

 4 Agency- and GSE-backed securities 34.8 29.0 26.3 24.4 20.5 12.8 4.8 4

 5 Municipal securities 0.5 1.3 2.0 2.5 3.5 2.5 3.4 5

 6 Corporate and foreign bonds 0.8 0.4 0.5 0.5 2.0 0.6 4.2 6

 7 Depository institution loans n.e.c. 25.9 25.6 21.4 19.7 19.4 16.1 17.1 7

 8 Home mortgages 16.3 17.2 21.5 22.9 22.6 20.1 17.8 8

 9 Commercial mortgages 18.8 22.0 19.3 19.7 19.6 15.7 15.6 9

10 Miscellaneous assets 5.3 5.9 12.1 11.1 6.5 11.0 11.8 10

11 Total liabilities 103.4 102.1 94.4 91.0 90.0 75.2 72.1 11

12 Net interbank liabilities -3.0 -2.9 -2.6 -3.2 -4.2 -3.3 -4.6 12

13 Checkable deposits 13.3 14.0 15.7 14.6 16.1 16.6 19.4 13

14 Small time and savings deposits 23.9 25.2 26.3 27.4 24.5 19.3 18.9 14

15 Large time deposits 23.9 25.2 26.3 27.4 24.5 19.3 18.9 15

16 Miscellaneous liabilities 45.2 40.7 28.8 24.9 29.2 23.3 19.4 16

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

L.113 Credit Unions

Billions of dollars

 1 Total financial assets 618.9 649.6 695.8 748.8 805.7 835.8 853.7 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 22.8 36.9 46.1 2

 3 Credit market instruments 592.5 622.6 657.9 697.8 731.0 755.6 790.8 3

 4 Open market paper 0.8 1.0 0.4 0.0 0.0 0.0 0.0 4

 5 Treasury securities 7.7 7.4 10.4 8.8 14.2 20.0 17.5 5

 6 Agency- and GSE-backed securities 86.4 72.5 68.4 82.9 110.8 151.6 182.2 6

 7 Corporate and foreign bonds 23.5 30.6 34.6 25.7 18.6 3.7 4.1 7

 8 Depository institution loans n.e.c. 19.5 22.5 27.3 32.1 33.4 36.9 43.5 8

 9 Home mortgages 226.1 252.5 280.2 312.2 316.9 317.0 320.5 9

10 Consumer credit 228.6 236.1 236.6 236.2 237.1 226.5 223.0 10

11 Mutual fund shares 2.2 2.1 2.1 2.0 1.3 1.5 1.8 11

12 Miscellaneous assets 24.2 24.9 35.9 44.3 50.6 41.9 15.0 12

13 Total liabilities 555.9 582.2 625.4 679.0 738.3 764.7 776.0 13

14 Net interbank liabilities -60.1 -61.4 -60.3 -65.9 -76.9 -76.2 -90.1 14

15 Shares/deposits 596.1 620.6 652.3 697.4 769.4 803.8 845.3 15

16 Checkable 81.1 72.6 73.7 75.3 86.9 92.4 103.1 16

17 Small time and savings 452.5 483.0 508.7 551.7 655.1 681.3 708.7 17

18 Large time 62.5 65.0 69.9 70.4 27.3 30.1 33.5 18

19 Federal funds and security RPs (net) -6.7 -5.1 -2.5 2.3 -0.1 -0.0 -15.9 19

20 Other loans and advances 14.7 18.9 32.3 40.6 26.5 26.1 24.2 20

21 Miscellaneous liabilities 11.9 9.2 3.6 4.7 19.4 11.0 12.4 21
72 FFA, 2005-2011, September 20, 2012

L.114 Property-Casualty Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 1246.3 1335.8 1385.8 1305.5 1377.1 1373.7 1391.6 1

 2 Checkable deposits and currency 21.0 29.9 42.7 27.9 27.6 32.6 24.1 2

 3 Money market fund shares 12.8 13.5 20.7 32.8 29.6 25.6 24.6 3

 4 Security RPs 2.7 1.9 3.6 4.4 4.5 3.8 1.8 4

 5 Credit market instruments 819.3 864.1 869.3 853.4 886.7 890.6 918.1 5

 6 Open market paper 15.8 16.4 13.3 19.1 9.8 7.9 5.5 6

 7 Treasury securities 106.9 110.0 71.3 65.6 88.5 91.7 93.6 7

 8 Agency- and GSE-backed securities 117.9 122.0 125.8 114.3 116.2 115.8 122.2 8

 9 Municipal securities 313.2 335.2 371.3 381.9 369.4 348.4 331.0 9

10 Corporate and foreign bonds 262.8 277.0 282.9 267.5 298.3 322.6 361.0 10

11 Commercial mortgages 2.7 3.5 4.8 5.0 4.4 4.1 4.9 11

12 Corporate equities 199.5 227.0 236.2 193.3 219.8 219.2 224.4 12

13 Mutual fund shares 5.7 6.9 6.8 4.4 5.3 5.7 5.5 13

14 Trade receivables 82.1 87.0 85.4 86.7 83.0 83.8 87.2 14

15 Miscellaneous assets 103.3 105.5 121.1 102.6 120.6 112.3 105.9 15

16 Total liabilities 759.0 826.3 818.6 792.3 804.3 823.1 855.2 16

17 Security RPs 1.3 1.2 0.5 2.4 0.6 1.5 0.4 17

18 Taxes payable (net) -1.6 9.4 7.0 -21.1 -15.8 -10.1 -14.5 18

19 Miscellaneous liabilities 759.3 815.7 811.1 811.0 819.5 831.8 869.4 19

L.115 Life Insurance Companies

Billions of dollars

 1 Total financial assets 4350.7 4685.3 4949.7 4515.5 4823.9 5176.3 5340.0 1

 2 Checkable deposits and currency 47.7 56.1 58.3 82.8 50.7 51.7 53.7 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 21.0 28.8 3

 4 Security RPs 2.6 2.6 2.7 8.0 10.2 10.9 10.1 4

 5 Credit market instruments 2753.9 2786.4 2871.2 2882.8 3022.6 3174.2 3297.9 5

 6 Open market paper 24.4 28.7 41.7 38.3 49.8 40.9 29.7 6

 7 Treasury securities 95.4 87.9 70.6 105.7 133.5 156.6 167.1 7

 8 Agency- and GSE-backed securities 368.5 377.4 382.9 366.2 371.9 376.0 374.7 8

 9 Municipal securities 32.5 36.6 41.4 47.1 73.1 112.3 121.6 9

10 Corporate and foreign bonds 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 2123.6 10

11 Other loans and advances 122.8 132.6 145.8 166.1 140.9 140.7 148.6 11

12 Mortgages 285.5 303.8 326.2 342.4 326.1 317.5 332.5 12

13 Corporate equities 1161.8 1364.8 1464.6 1001.7 1208.5 1402.6 1390.2 13

14 Mutual fund shares 109.0 148.8 188.4 121.0 140.8 155.7 150.1 14

15 Miscellaneous assets 262.1 303.3 342.9 380.1 357.6 360.3 409.3 15

16 Total liabilities 4088.4 4412.0 4661.7 4266.5 4532.5 4850.8 5001.3 16

17 Security RPs 20.9 21.2 20.2 12.9 12.4 10.3 10.4 17

18 Other loans and advances 11.5 14.2 28.7 54.9 48.3 45.1 46.8 18

19 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 19

20 Pension fund reserves (1) 2197.4 2332.4 2450.8 2184.6 2323.0 2504.7 2556.6 20

21 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 21

22 Miscellaneous liabilities 824.0 925.9 1010.6 905.0 985.6 1089.7 1108.8 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).
FFA, 2005-2011, September 20, 2012 73

L.116 Private Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 5388.6 6082.8 6410.6 4552.7 5471.0 6100.1 6081.6 1

 2 Checkable deposits and currency 10.8 11.2 11.8 12.3 16.4 20.9 22.0 2

 3 Time and savings deposits 62.2 63.1 67.7 67.9 72.7 72.8 73.3 3

 4 Money market fund shares 86.7 90.1 93.5 95.7 96.4 96.3 96.1 4

 5 Security RPs 21.6 22.4 25.8 33.1 36.2 36.1 31.9 5

 6 Credit market instruments 699.9 758.3 860.8 951.4 1063.0 1122.4 1171.4 6

 7 Open market paper 31.5 31.7 26.9 37.2 26.7 18.2 16.7 7

 8 Treasury securities 116.5 130.8 169.5 184.9 310.7 391.0 436.2 8

 9 Agency- and GSE-backed securities 252.0 268.6 296.8 318.1 269.1 257.6 262.6 9

10 Corporate and foreign bonds 290.0 317.6 357.4 400.1 442.9 440.1 440.9 10

11 Mortgages 9.8 9.5 10.2 11.1 13.6 15.5 15.0 11

12 Corporate equities 2441.7 2724.8 2673.3 1599.7 1835.7 2081.1 2005.1 12

13 Mutual fund shares 1585.4 1880.4 2110.6 1366.0 1817.3 2121.1 2144.6 13

14 Miscellaneous assets 480.2 532.5 567.1 426.5 533.3 549.4 537.3 14

15 Unallocated insurance contracts (2) 338.4 387.9 431.3 317.6 412.8 457.5 451.3 15

16 Contributions receivable 44.8 42.8 47.2 47.9 50.5 49.2 49.4 16

17 Other 97.0 101.8 88.6 61.0 70.0 42.8 36.6 17

18 Pension fund reserves (liabilities) (3) 5427.8 6120.5 6444.8 4588.0 5507.4 6136.6 6118.2 18

 Memo:

 Total financial assets (4)

19 Defined benefit plans 2281.3 2529.5 2596.0 1853.5 2104.7 2264.3 2206.4 19

20 Defined contibution plans 3107.3 3553.3 3814.5 2699.2 3366.3 3835.7 3875.2 20

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

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

(3) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.

(4) Additional detail on defined benefit plans and defined contribution plans is available on L.116.b and L.116.c.
74 FFA, 2005-2011, September 20, 2012

L.117 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2721.4 3089.8 3198.8 2324.5 2673.7 2931.5 2849.1 1

 2 Checkable deposits and currency 15.8 13.1 17.9 17.8 17.7 17.3 18.4 2

 3 Time and savings deposits 1.3 0.8 0.7 0.7 0.7 0.7 0.7 3

 4 Money market fund shares 11.7 13.8 12.4 14.3 14.3 13.9 14.8 4

 5 Security RPs 19.7 24.1 21.7 23.5 23.5 22.8 24.3 5

 6 Credit market instruments 693.4 808.0 820.3 833.5 824.7 816.5 834.8 6

 7 Open market paper 35.2 42.8 38.4 25.9 24.0 22.4 23.8 7

 8 Treasury securities 153.8 156.2 141.6 146.4 174.5 185.6 188.9 8

 9 Agency- and GSE-backed securities 258.4 307.8 331.1 337.5 306.9 285.2 290.3 9

10 Municipal securities 1.7 3.3 2.4 1.4 1.5 1.6 1.5 10

11 Corporate and foreign bonds 227.9 283.4 297.0 312.9 308.6 312.4 320.9 11

12 Mortgages 16.4 14.4 9.7 9.4 9.3 9.4 9.3 12

13 Corporate equities 1715.8 1926.1 2013.7 1237.9 1549.8 1782.5 1690.6 13

14 Mutual fund shares 248.4 287.5 296.4 181.1 226.7 260.8 247.3 14

15 Miscellaneous assets 15.4 16.3 15.7 15.7 16.2 17.0 18.1 15

16 Pension fund reserves (liabilities) (1) 2763.4 3156.6 3297.9 2414.7 2759.8 3024.0 2967.9 16

(1) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.

L.118 Federal Government Retirement Funds (1)

Billions of dollars

 1 Total financial assets 1071.8 1141.1 1197.1 1222.3 1324.9 1425.5 1509.7 1

 2 Credit market instruments 78.0 86.8 99.4 123.3 130.8 141.6 161.6 2

 3 Treasury securities 67.8 76.4 87.7 112.4 119.8 129.8 147.7 3

 4 Agency- and GSE-backed securities 5.8 5.6 5.4 5.2 5.2 5.8 6.5 4

 5 Corporate and foreign bonds 4.4 4.8 6.3 5.8 5.8 5.9 7.4 5

 6 Corporate equities 110.9 135.6 145.8 83.7 116.9 141.0 134.4 6

 7 Miscellaneous assets (2) 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 7

 8 Pension fund reserves (liabilities) (3) 1071.8 1141.1 1197.1 1222.3 1324.9 1425.5 1509.7 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

(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) Liabilities of the sector are assets of the household sector.
FFA, 2005-2011, September 20, 2012 75

L.119 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 2642.5 1

 2 Foreign deposits 94.7 84.1 127.3 129.3 97.1 105.9 58.5 2

 3 Checkable deposits and currency -0.9 6.7 1.9 7.5 17.9 14.2 19.1 3

 4 Time and savings deposits 183.0 206.7 270.6 355.2 573.2 468.0 380.1 4

 5 Security RPs 346.0 394.6 605.9 542.4 479.9 479.4 484.0 5

 6 Credit market instruments 1340.8 1560.8 1936.4 2675.0 2031.0 1621.0 1628.2 6

 7 Open market paper 492.2 608.3 674.6 618.5 510.5 394.2 355.1 7

 8 Treasury securities 88.6 82.7 178.1 577.7 406.4 335.4 443.3 8

 9 Agency- and GSE-backed securities 160.1 131.4 235.9 756.2 543.0 402.8 403.7 9

10 Municipal securities 336.8 370.3 471.0 494.6 401.3 334.4 296.5 10

11 Corporate and foreign bonds 263.2 368.3 376.8 228.0 169.9 154.2 129.6 11

12 Miscellaneous assets 43.3 59.2 90.9 47.9 59.1 66.9 72.7 12

13 Total shares outstanding (liabilities) 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 2642.5 13

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

L.120 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 1

 2 Security RPs 115.4 132.8 132.2 124.7 153.3 137.5 108.7 2

 3 Credit market instruments 1747.1 1932.0 2203.1 2276.4 2657.2 3031.4 3458.9 3

 4 Open market paper 97.1 114.5 114.1 51.6 80.2 66.3 40.0 4

 5 Treasury securities 155.7 160.7 179.2 187.9 255.5 297.4 379.7 5

 6 Agency- and GSE-backed securities 483.4 499.1 565.4 592.7 639.1 791.1 937.4 6

 7 Municipal securities 311.7 344.4 372.2 389.6 480.2 526.6 542.6 7

 8 Corporate and foreign bonds 662.7 767.0 889.9 959.9 1126.8 1275.4 1465.8 8

 9 Other loans and advances 36.5 46.3 82.4 94.8 75.4 74.6 93.5 9

10 Corporate equities 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 4427.2 10

11 Miscellaneous assets 10.7 14.0 16.8 20.0 14.9 2.9 5.7 11

12 Total shares outstanding (liabilities) 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 12

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

L.121 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Total financial assets 270.8 293.3 315.8 202.4 228.9 243.1 241.0 1

 2 Credit market instruments 165.8 171.8 170.9 130.3 140.9 145.9 144.7 2

 3 Treasury securities 7.1 7.4 5.6 3.2 4.4 5.1 4.8 3

 4 Municipal securities 89.4 89.4 91.3 77.9 81.1 81.3 82.2 4

 5 Corporate and foreign bonds 69.3 75.1 74.0 49.2 55.4 59.5 57.6 5

 6 Corporate equities 105.0 121.5 144.9 72.2 87.9 97.2 96.3 6

 7 Total shares outstanding (liabilities) 270.8 293.3 315.8 202.4 228.9 243.1 241.0 7

 Exchange-traded funds

 8 Total financial assets 300.8 422.8 607.8 531.1 773.1 986.8 1042.6 8

 9 Credit market instruments 15.0 20.7 34.1 57.1 103.0 132.7 178.8 9

10 Treasury securities 9.7 13.1 19.7 27.1 41.8 51.0 62.4 10

11 Municipal securities 0.0 0.0 0.6 2.3 5.9 7.6 8.6 11

12 Corporate and foreign bonds 5.3 7.6 13.8 27.7 55.4 74.1 107.7 12

13 Corporate equities 285.8 402.0 573.7 474.0 670.0 854.1 863.8 13

14 Total shares outstanding (liabilities) 300.8 422.8 607.8 531.1 773.1 986.8 1042.6 14
76 FFA, 2005-2011, September 20, 2012

L.122 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2819.4 2872.9 3174.3 3407.9 3047.3 6721.1 6479.8 1

 2 Checkable deposits and currency 14.6 16.4 13.7 88.3 99.4 63.4 72.7 2

 3 Time and savings deposits 35.3 33.9 46.6 68.5 25.7 26.1 13.4 3

 4 Federal funds and security RPs (net) 107.7 117.4 142.7 114.5 122.1 150.0 111.9 4

 5 Credit market instruments 2543.9 2590.5 2829.5 3037.5 2699.7 6333.1 6133.4 5

 6 Open market paper 13.8 32.4 27.7 6.8 9.7 9.9 6.5 6

 7 Treasury securities 13.1 14.2 15.5 16.8 21.9 55.2 75.4 7

 8 Agency- and GSE-backed securities 751.1 714.0 702.9 910.0 924.5 377.0 358.9 8

 9 Municipal securities 39.7 36.1 33.3 31.3 29.1 24.9 21.0 9

10 Corporate and foreign bonds 465.7 481.7 464.4 386.6 310.8 293.9 260.5 10

11 Other loans and advances 671.8 704.9 942.6 980.7 695.9 551.3 487.0 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 51.6 63.5 75.5 80.3 80.0 87.3 83.8 13

14 FHLB 620.2 641.4 867.1 900.5 615.9 464.0 403.3 14

15 Mortgages 588.8 607.2 643.1 705.3 707.7 5021.0 4924.0 15

16 Home 453.9 457.6 447.9 456.6 445.3 4699.3 4595.9 16

17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4141.0 4032.1 17

18 Other 453.9 457.6 447.9 456.6 445.3 558.3 563.8 18

19 Multifamily residential 93.0 105.4 147.7 190.2 204.4 256.5 259.2 19

20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 75.4 99.9 20

21 Other 93.0 105.4 147.7 190.2 204.4 181.1 159.4 21

22 Farm 42.0 44.2 47.6 58.5 58.0 65.2 68.9 22

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

24 Miscellaneous assets 117.8 114.7 141.7 99.1 100.3 148.6 148.5 24

25 Total liabilities 2734.0 2781.2 3081.3 3390.2 2977.0 6589.1 6377.9 25

26 Credit market instruments 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 26

27 GSE issues (4) 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 27

28 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4216.4 4132.0 28

29 Other 2592.2 2627.8 2910.2 3181.9 2706.6 2218.1 2115.4 29

30 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Miscellaneous liabilities 141.8 153.4 171.1 208.2 270.4 154.6 130.6 31

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

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.123) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

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

(3) Sallie Mae student loans.

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

L.123 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1

 2 Home mortgages 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 1216.8 2

 3 Multifamily residential mortgages 101.3 88.8 88.1 92.8 105.7 66.9 86.4 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.8 3.2 4.5 4.7 4.5 3.8 1.7 5

 6 Total pool securities (liabilities)(2) 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 6

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

 Mae’s and Freddie Mac’s balance sheets (table L.122). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

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

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 2005-2011, September 20, 2012 77

L.124 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 3389.4 4176.3 4531.3 4120.6 3305.8 2243.3 1996.2 1

 2 Treasury securities 27.7 61.1 85.8 72.2 53.9 40.1 29.2 2

 3 Agency- and GSE-backed securities (1) 323.7 350.1 361.7 337.8 110.5 12.9 12.9 3

 4 Other loans and advances 188.3 253.4 341.9 379.8 252.2 167.8 162.4 4

 5 Mortgages (2) 2140.0 2767.2 2957.3 2602.4 2234.7 1907.6 1689.2 5

 6 Home 1633.7 2153.0 2199.7 1884.5 1564.0 1290.6 1097.9 6

 7 Multifamily residential 89.4 102.5 124.0 113.2 107.4 98.7 91.1 7

 8 Commercial 416.8 511.7 633.6 604.7 563.3 518.3 500.2 8

 9 Consumer credit 609.9 636.3 673.0 632.9 593.3 63.0 55.0 9

10 Trade credit 99.8 108.3 111.7 95.5 61.3 51.8 47.6 10

11 Total liabilities 3393.5 4179.9 4534.4 4123.3 3308.2 2243.3 1996.2 11

12 Commercial paper 674.4 837.4 643.1 559.3 293.1 120.2 96.0 12

13 Corporate bonds (net) (3) 2719.1 3342.6 3891.3 3564.1 3015.1 2123.1 1900.2 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 4.2 3.6 3.1 2.7 2.3 0.0 0.0 14

15 REIT assets (5) 107.3 110.0 92.1 45.4 20.1 20.5 17.4 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 112.9 120.6 16

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

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

(3) Liabilities net of assets.

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

 The leased automobile is a nonfinancial asset.

(5) Included in table L.126.

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

L.125 Finance Companies (1)

Billions of dollars

 1 Total financial assets 1856.9 1891.3 1911.2 1851.7 1662.5 1632.5 1613.4 1

 2 Checkable deposits and currency 17.4 15.8 16.2 16.5 17.0 26.6 30.9 2

 3 Time and savings deposits 52.2 47.4 48.6 49.4 51.0 79.8 92.6 3

 4 Credit market instruments 1740.6 1809.2 1816.3 1734.4 1516.7 1443.9 1396.9 4

 5 Corporate and foreign bonds 203.5 184.8 189.4 192.4 198.6 84.3 85.1 5

 6 Other loans and advances 479.2 498.0 523.0 539.9 448.9 407.7 410.0 6

 7 Mortgages 541.4 594.4 531.9 447.9 397.4 243.6 211.5 7

 8 Consumer credit 516.5 531.9 572.1 554.3 471.9 708.4 690.2 8

 9 Miscellaneous assets 46.7 18.9 30.1 51.5 77.8 82.2 93.1 9

10 Total liabilities 1828.3 1876.8 1949.6 1880.5 1630.3 1593.3 1566.8 10

11 Credit market instruments 1108.6 1144.2 1279.6 1200.3 1044.1 1268.8 1274.8 11

12 Open market paper 160.0 165.3 123.5 100.9 62.1 98.8 121.0 12

13 Corporate bonds 806.5 849.7 974.1 924.5 837.5 1078.4 1051.7 13

14 Depository institution loans n.e.c. 142.1 129.2 182.0 174.9 144.5 91.5 102.1 14

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

16 Taxes payable 16.9 17.0 15.5 15.4 12.7 7.7 7.3 16

17 Miscellaneous liabilities 702.8 715.7 654.4 664.8 573.6 316.8 284.7 17

18 Foreign direct investment in U.S. 38.8 51.1 68.6 78.1 90.0 103.1 116.4 18

19 Investment by parent 312.2 338.5 321.4 313.0 280.5 180.8 169.4 19

20 Other 351.8 326.0 264.4 273.7 203.1 33.0 -1.1 20

 Memo:

21 Consumer leases not included above (2) 85.3 106.0 122.9 111.1 85.4 111.8 119.7 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.124.
78 FFA, 2005-2011, September 20, 2012

L.126 Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 305.8 344.5 318.5 250.6 241.2 283.0 401.3 1

 2 Checkable deposits and currency 13.6 18.4 16.6 18.4 26.3 23.5 25.6 2

 3 Credit market instruments 240.3 266.4 246.5 177.6 168.9 206.0 308.9 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.1 143.3 244.7 4

 5 Corporate and foreign bonds 53.0 64.6 34.4 11.7 15.5 20.8 22.1 5

 6 Mortgages 146.7 136.3 123.1 76.3 48.3 41.9 42.1 6

 7 Home 127.9 104.2 80.7 34.3 12.6 8.9 8.1 7

 8 Multifamily residential 1.9 5.0 5.2 4.3 2.3 1.9 1.7 8

 9 Commercial 16.8 27.1 37.3 37.7 33.4 31.2 32.3 9

10 Miscellaneous assets 51.9 59.7 55.4 54.6 46.1 53.5 66.8 10

11 Total liabilities 534.2 571.8 580.5 511.6 458.8 501.7 633.2 11

12 Security RPs 83.5 97.9 91.7 79.4 90.4 120.5 215.4 12

13 Credit market instruments 395.5 411.0 421.2 367.4 317.4 315.2 343.4 13

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

15 Corporate bonds 216.7 230.6 231.3 171.0 129.8 129.7 145.1 15

16 Depository institution loans n.e.c. 33.3 28.4 33.2 32.8 20.7 18.5 22.1 16

17 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 17

18 Miscellaneous liabilities 55.3 63.0 67.6 64.9 51.1 66.0 74.4 18

 Memo:

19 Securitized assets included above 107.3 110.0 92.1 45.4 20.1 20.5 17.4 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.2 6.5 21

22 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 0.3 22

23 Commercial mortgages 4.7 17.0 19.3 13.2 13.7 13.0 10.7 23
FFA, 2005-2011, September 20, 2012 79

L.127 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2127.1 2741.7 3092.0 2217.2 2084.2 2075.1 1953.5 1

 2 Checkable deposits and currency 56.5 80.5 105.0 120.1 90.7 96.9 114.8 2

 3 Credit market instruments 477.2 583.4 803.1 717.4 525.3 557.5 567.2 3

 4 Open market paper 60.2 64.3 87.1 65.7 41.5 36.2 42.1 4

 5 Treasury securities -64.6 -67.0 -60.0 190.6 123.0 94.5 187.8 5

 6 Agency- and GSE-backed securities 101.0 138.0 290.2 242.6 110.9 149.8 147.7 6

 7 Municipal securities 42.9 50.9 50.1 38.7 35.4 40.0 31.5 7

 8 Corporate and foreign bonds 315.7 355.5 382.8 123.8 154.4 189.5 103.7 8

 9 Other loans and advances 22.0 41.7 52.8 55.9 60.1 47.4 54.3 9

10 Corporate equities 158.3 186.4 224.8 109.2 124.2 117.2 100.9 10

11 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.5 11

12 Miscellaneous assets 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 932.0 12

13 Total liabilities 2052.6 2669.1 3019.4 2158.1 1977.7 1975.8 1873.8 13

14 Security RPs (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 213.3 14

15 Credit market instruments 62.4 68.8 64.8 142.6 92.9 129.7 91.8 15

16 Corporate bonds 62.4 68.8 64.8 97.1 92.9 129.7 91.8 16

17 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 17

18 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 14.2 18

19 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 1073.6 19

20 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 752.3 20

21 From U.S.-chartered depository institutions 95.6 116.5 145.9 158.6 158.0 152.3 189.6 21

22 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 131.7 22

23 Taxes payable 2.1 2.8 2.2 2.5 5.7 3.6 2.1 23

24 Miscellaneous liabilities 405.5 519.5 558.4 441.4 450.0 483.1 478.8 24

25 Foreign direct investment in U.S. 49.9 61.0 62.6 72.1 64.4 88.5 98.1 25

26 Investment by funding corporations 524.1 551.0 567.5 672.1 1119.3 1122.6 1161.3 26

27 Other -168.5 -92.5 -71.7 -302.8 -733.7 -728.1 -780.6 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
80 FFA, 2005-2011, September 20, 2012

L.128 Holding Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 1651.5 1937.9 2141.3 2430.3 3317.2 3312.7 3357.3 1

 2 Time and savings deposits 1.4 1.6 0.8 0.7 11.2 10.0 12.4 2

 3 Federal funds and security RPs 8.5 9.5 6.9 0.3 48.2 50.3 50.5 3

 4 Credit market instruments 32.2 36.0 59.1 73.0 75.8 97.9 101.1 4

 5 Treasury securities 1.1 2.5 7.1 3.1 5.8 19.6 26.8 5

 6 Agency- and GSE-backed securities 11.2 11.2 9.9 25.8 24.3 21.1 33.1 6

 7 Corporate and foreign bonds 11.8 16.7 35.9 35.8 31.1 38.3 18.3 7

 8 Other loans and advances 8.1 5.6 6.3 8.2 14.6 18.9 22.9 8

 9 Life insurance reserves 0.0 15.2 20.5 19.3 21.4 25.1 27.6 9

10 Miscellaneous assets 1609.4 1875.8 2054.0 2337.0 3160.6 3129.4 3165.9 10

11 Net transactions with depository subsidiaries 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1711.9 11

12 Net transactions with property-casualty insurance company subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net transactions with life insurance company subsidiaries 35.6 38.3 43.7 31.2 40.5 62.7 72.0 13

14 Net transactions with finance company subsidiaries 195.2 198.5 239.9 232.6 209.3 118.3 97.9 14

15 Net transactions with broker and dealer subsidiaries 110.2 114.5 57.0 155.2 596.1 623.2 611.5 15

16 Net transactions with foreign subsidiaries 27.1 68.4 110.6 101.5 125.1 135.6 162.1 16

17 Other 251.6 313.2 345.9 446.0 590.3 556.7 510.4 17

18 Total liabilities 706.4 863.4 1046.6 1231.5 1802.2 1760.0 1703.1 18

19 Federal funds and security RPs 9.1 10.3 7.7 0.7 0.6 0.8 1.2 19

20 Credit market instruments 481.8 558.7 710.6 807.9 1253.7 1237.2 1220.8 20

21 Commercial paper 57.1 81.7 116.7 77.7 60.8 64.7 75.9 21

22 Corporate bonds 372.4 421.5 516.0 638.9 1028.7 982.2 890.6 22

23 Depository institution loans n.e.c. 52.3 55.4 77.9 91.3 164.2 190.3 254.3 23

24 Miscellaneous liabilities 215.5 294.4 328.3 422.9 548.0 522.0 481.1 24

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
FFA, 2005-2011, September 20, 2012 81

L.129 Funding Corporations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 1347.6 1482.0 1865.3 2870.3 2436.1 2323.4 2279.9 1

 2 Money market fund shares 400.6 437.3 752.8 1015.5 844.3 691.3 633.9 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.1 0.1 3

 4 Credit market instruments 344.2 410.8 361.0 1061.3 840.3 934.7 958.3 4

 5 Open market paper 266.2 336.4 170.2 358.2 107.1 153.1 146.4 5

 6 Corporate and foreign bonds 67.5 60.4 170.0 667.3 710.2 760.1 792.4 6

 7 Other loans and advances 10.6 14.1 20.8 35.9 22.9 21.4 19.4 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 26.4 0.0 8

 9 Miscellaneous assets 602.8 633.9 751.5 793.5 726.3 671.0 687.6 9

10 Investment in foreign banking offices 188.8 197.3 241.0 276.6 203.1 171.6 137.8 10

11 Investment in brokers and dealers 414.0 436.5 510.5 516.9 523.2 499.4 549.8 11

12 Total liabilities 1347.6 1482.0 1865.3 2870.3 2436.1 2323.4 2279.9 12

13 Credit market instruments 619.9 645.3 786.4 1252.8 816.8 716.4 651.8 13

14 Open market paper 274.5 278.3 367.9 388.0 261.7 179.3 94.3 14

15 Corporate bonds 345.3 367.0 418.5 419.9 457.8 454.6 526.2 15

16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 444.9 95.3 73.4 21.5 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 9.2 9.8 17

18 Miscellaneous liabilities 727.8 836.7 1078.9 1617.5 1619.3 1607.0 1628.1 18

19 Foreign direct investment in U.S. 8.4 9.0 9.6 10.2 10.8 11.4 12.0 19

20 Securities loaned (net) 939.7 1242.3 1240.2 887.0 856.8 733.4 658.4 20

21 Equity interest under PPIP 0.0 0.0 0.0 0.0 1.8 7.7 8.8 21

22 Other (net) -220.4 -414.6 -170.9 720.3 749.9 854.6 948.9 22

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
82 FFA, 2005-2011, September 20, 2012

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 61.1 62.2 67.3 74.2 175.1 175.8 183.8 1

 2 Federal government: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 2

 3 Rest of the world 54.1 54.9 59.5 66.6 119.7 121.4 129.6 3

 4 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 4

 5 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 12.5 22.8 5

 6 Foreign currency holdings 37.8 40.9 45.8 49.6 50.5 52.1 51.9 6

 7 Total assets 72.1 73.3 78.3 85.2 186.1 186.8 194.9 7

 8 Federal government 35.3 34.5 36.4 41.9 94.6 95.4 103.9 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 10

11 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 12.6 23.0 11

12 Foreign currency holdings 18.9 20.5 22.5 24.8 25.2 26.0 25.8 12

13 Rest of the world: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 13

14 Monetary authority 29.9 31.4 34.2 35.7 36.2 37.0 36.8 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.3 16

17 Foreign currency holdings 18.9 20.5 23.3 24.8 25.3 26.1 26.0 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.5 28.1 27.4 26.6 26.2 25.9 25.9 3

 4 Asset: Monetary authority 36.5 38.2 38.7 38.7 42.7 43.5 44.2 4

 5 Discrepancy (seigniorage) -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 -18.3 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 997.8 1085.0 1340.9 946.7 840.6 866.5 834.1 1

 Held by:

 2 Household sector 59.9 65.2 80.5 56.9 50.5 52.1 50.1 2

 3 Nonfinancial corporate business 63.6 49.3 50.3 24.7 31.5 41.1 34.0 3

 4 Money market mutual funds 94.7 84.1 127.3 129.3 97.1 105.9 58.5 4

 5 Discrepancy--unallocated assets 779.5 886.3 1082.9 735.8 661.5 667.5 691.4 5
FFA, 2005-2011, September 20, 2012 83

L.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 161.4 190.3 136.3 1922.9 1325.5 1147.7 1984.6 1

 2 Monetary authority 69.1 70.4 75.8 917.7 1031.9 1020.8 1623.1 2

 3 U.S.-chartered depository institutions 297.1 397.2 527.5 1238.0 697.2 480.9 233.7 3

 4 Foreign banking offices in U.S. -141.7 -213.0 -404.1 -163.7 -322.5 -274.4 222.4 4

 5 Banks in U.S.-affiliated areas -3.0 -2.9 -2.6 -3.2 -4.2 -3.3 -4.6 5

 6 Credit unions -60.1 -61.4 -60.3 -65.9 -76.9 -76.2 -90.1 6

 7 Total assets 203.3 235.2 178.1 1940.4 1320.5 1165.5 1989.9 7

 8 Rest of the world 133.2 165.1 53.7 464.5 194.0 145.9 367.3 8

 9 Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 9

10 U.S.-chartered depository institutions 68.2 69.8 74.8 674.1 725.0 633.1 866.0 10

11 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 711.0 11

12 Credit unions 0.0 0.0 0.0 4.7 22.8 36.9 46.1 12

13 Discrepancy -41.8 -45.0 -41.8 -17.5 5.1 -17.7 -5.3 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 50.1 51.7 55.0 57.7 54.9 52.7 60.8 14

15 Asset: U.S.-chartered depository institutions 50.1 51.7 55.0 57.7 54.9 52.7 60.8 15

 Depository institution reserves:

16 Liab.: Monetary authority 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 16

17 Asset: U.S.-chartered depository institutions 18.1 18.1 19.8 616.4 670.1 580.4 805.2 17

18 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 711.0 18

19 Credit unions 0.0 0.0 0.0 4.7 22.8 36.9 46.1 19

 Other transactions with the monetary authority

20 Liab: U.S.-chartered depository institutions 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 20

21 Asset: Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 21

22 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 22

23 Loans to member banks 0.1 0.1 48.6 559.7 96.6 0.2 0.2 23

 Transactions with banks in foreign countries (net):

24 Liab.: U.S.-chartered depository institutions (net) 320.9 432.3 496.2 668.8 559.6 476.2 186.2 24

25 Due to foreign affiliates 487.7 586.4 650.7 782.2 760.8 783.5 565.3 25

26 - Due from foreign affiliates 166.8 154.2 154.5 113.3 201.3 307.3 379.0 26

27 Foreign banking offices in U.S. (net) -176.0 -255.2 -424.0 -179.6 -350.9 -306.9 201.5 27

28 Due to foreign affiliates 333.9 524.5 529.0 536.4 538.9 635.6 829.4 28

29 - Due from foreign affiliates 509.9 779.7 953.0 716.1 889.8 942.5 627.9 29

30 Less: Deposits at foreign banks 11.7 12.0 18.6 24.7 14.6 23.4 20.4 30

31 U.S.-chartered depository institutions 11.0 11.9 17.9 24.5 9.3 14.9 13.4 31

32 Foreign banking offices in U.S. 0.7 0.1 0.7 0.3 5.4 8.5 7.0 32

33 Asset: Rest of the world (1) 133.2 165.1 53.7 464.5 194.0 145.9 367.3 33

 Transactions between U.S. depository institutions (net) (2):

34 U.S.-chartered depository institutions (net) -13.7 -22.9 0.6 35.4 52.4 20.8 61.4 34

35 Due to (3): 104.2 117.1 134.3 117.5 129.8 103.7 131.2 35

36 Foreign banking offices in U.S. 82.9 97.8 113.2 65.8 43.7 41.9 41.9 36

37 Banks in U.S.-affiliated areas 3.0 2.9 2.6 3.2 4.2 3.3 4.6 37

38 Credit unions 60.1 61.4 60.3 65.9 76.9 76.2 90.1 38

39 - Due from: Foreign banking offices in U.S. 117.9 140.0 133.7 82.1 77.4 82.9 69.8 39

40 Unallocated (2) -41.8 -45.0 -41.8 -17.5 5.1 -17.7 -5.3 40

(1) Sum of lines 24 and 27 less line 30.

(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 40), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 36, 37, 38, and 40.
84 FFA, 2005-2011, September 20, 2012

L.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 1

 2 Monetary authority 750.8 774.3 792.1 1220.3 1102.7 1287.8 1165.7 2

 3 Federal government cash and deposits 4.8 5.0 16.4 365.7 191.9 340.9 85.9 3

 4 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 64.6 4

 5 Deposits due to foreign 0.1 0.1 0.1 1.4 2.4 3.4 0.2 5

 6 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 1015.0 6

 7 U.S.-chartered depository institutions 672.7 637.1 639.6 777.5 871.6 941.1 1260.5 7

 8 Federal government deposits 33.9 28.0 42.9 3.5 3.8 3.6 1.0 8

 9 Deposits due to foreign 17.4 26.8 31.7 62.9 34.3 30.4 54.7 9

10 Private domestic deposits 621.5 582.3 564.9 711.1 833.5 907.0 1204.8 10

11 Foreign banking offices in U.S. 9.3 9.3 11.8 13.5 16.1 21.9 45.6 11

12 Deposits due to foreign 2.3 2.1 2.3 4.7 10.5 14.6 19.0 12

13 Private domestic deposits 7.0 7.2 9.5 8.8 5.6 7.3 26.6 13

14 Banks in U.S.-affiliated areas 13.3 14.0 15.7 14.6 16.1 16.6 19.4 14

15 Credit unions 81.1 72.6 73.7 75.3 86.9 92.4 103.1 15

16 Total assets 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 16

17 Household sector 285.8 245.8 160.2 349.6 373.6 336.7 629.0 17

18 Nonfinancial business 642.1 599.6 658.8 550.0 710.3 846.3 914.9 18

19 Corporate 268.0 150.8 143.2 30.6 170.5 326.3 395.2 19

20 Noncorporate 374.1 448.8 515.6 519.4 539.8 520.0 519.8 20

21 State and local governments 56.5 61.9 57.1 65.6 84.9 91.5 107.4 21

22 Federal government 36.8 32.9 56.5 368.0 193.6 342.1 84.3 22

23 Rest of the world 300.1 311.6 306.1 370.1 361.0 390.5 471.0 23

24 Checkable deposits 19.7 28.9 34.2 69.0 47.2 48.4 73.9 24

25 Currency 280.4 282.6 272.0 301.1 313.8 342.1 397.1 25

26 Financial sectors 196.6 248.0 284.1 391.5 363.8 347.1 381.2 26

27 Property-casualty insurance companies 21.0 29.9 42.7 27.9 27.6 32.6 24.1 27

28 Life insurance companies 47.7 56.1 58.3 82.8 50.7 51.7 53.7 28

29 Private pension funds 10.8 11.2 11.8 12.3 16.4 20.9 22.0 29

30 State and local govt. retirement funds 15.8 13.1 17.9 17.8 17.7 17.3 18.4 30

31 Money market mutual funds -0.9 6.7 1.9 7.5 17.9 14.2 19.1 31

32 Government-sponsored enterprises 14.6 16.4 13.7 88.3 99.4 63.4 72.7 32

33 Finance companies 17.4 15.8 16.2 16.5 17.0 26.6 30.9 33

34 REITs 13.6 18.4 16.6 18.4 26.3 23.5 25.6 34

35 Brokers and dealers 56.5 80.5 105.0 120.1 90.7 96.9 114.8 35

36 Mail float 9.2 7.5 10.0 6.4 6.3 5.7 6.5 36
FFA, 2005-2011, September 20, 2012 85

L.205 Time and Savings Deposits 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 6387.6 6995.8 7606.7 7940.9 8316.3 8432.4 8805.2 1

 2 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 2

 3 U.S.-chartered depository institutions 4111.6 4418.3 4664.0 5144.6 5617.0 5888.6 6425.7 3

 4 Foreign banking offices in U.S. 10.0 18.6 25.5 25.6 29.9 35.7 48.9 4

 5 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 18.9 5

 6 Credit unions 452.5 483.0 508.7 551.7 655.1 681.3 708.7 6

 7 Large time deposits (1) 1789.5 2050.8 2382.2 2191.6 1989.8 1807.5 1603.0 7

 8 U.S.-chartered depository institutions 1201.3 1326.0 1378.2 1309.2 979.4 849.1 813.9 8

 9 Foreign banking offices in U.S. 501.7 634.5 907.9 784.7 958.6 909.0 736.6 9

10 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 18.9 10

11 Credit unions 62.5 65.0 69.9 70.4 27.3 30.1 33.5 11

12 Total assets 6387.6 6995.8 7606.7 7940.9 8316.3 8432.4 8805.2 12

13 Household sector 4937.1 5422.4 5914.6 6118.8 6231.9 6399.5 6778.7 13

14 Nonfinancial business 774.5 841.4 800.7 740.0 842.1 851.2 875.3 14

15 Corporate 450.4 497.0 441.3 381.9 488.8 511.4 536.7 15

16 Noncorporate 324.1 344.4 359.3 358.1 353.3 339.9 338.6 16

17 State and local governments 183.3 209.6 245.9 265.1 275.9 275.5 293.5 17

18 Federal government 1.4 1.7 2.8 1.6 1.9 2.0 1.7 18

19 Rest of the world 155.9 167.4 207.6 273.1 230.0 246.9 283.6 19

20 Financial sectors 335.5 353.4 435.1 542.5 734.5 657.3 572.4 20

21 Private pension funds 62.2 63.1 67.7 67.9 72.7 72.8 73.3 21

22 State and local govt. retirement funds 1.3 0.8 0.7 0.7 0.7 0.7 0.7 22

23 Money market mutual funds 183.0 206.7 270.6 355.2 573.2 468.0 380.1 23

24 Government-sponsored enterprises 35.3 33.9 46.6 68.5 25.7 26.1 13.4 24

25 Finance companies 52.2 47.4 48.6 49.4 51.0 79.8 92.6 25

26 Holding companies 1.4 1.6 0.8 0.7 11.2 10.0 12.4 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Total assets 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 2642.5 1

 2 Household sector 949.2 1114.5 1346.7 1581.8 1313.1 1138.4 1116.6 2

 3 Nonfinancial corporate business 352.2 421.3 548.5 710.6 641.7 484.8 452.0 3

 4 Nonfinancial noncorporate business 69.0 72.2 74.3 75.4 73.7 70.9 70.7 4

 5 State and local governments 88.1 99.3 116.6 122.3 134.7 143.5 140.8 5

 6 Rest of the world 23.0 27.0 46.0 69.7 76.9 69.8 64.3 6

 7 Property-casualty insurance companies 12.8 13.5 20.7 32.8 29.6 25.6 24.6 7

 8 Life insurance companies 13.5 23.3 21.6 39.2 33.7 21.0 28.8 8

 9 Private pension funds 86.7 90.1 93.5 95.7 96.4 96.3 96.1 9

10 State and local govt. retirement funds 11.7 13.8 12.4 14.3 14.3 13.9 14.8 10

11 Funding corporations 400.6 437.3 752.8 1015.5 844.3 691.3 633.9 11
86 FFA, 2005-2011, September 20, 2012

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 1741.2 2137.7 2118.5 1238.2 1488.4 1272.3 1140.7 1

 2 Monetary authority 30.5 29.6 44.0 88.4 77.7 59.7 99.9 2

 3 Private depository institutions (net) 862.3 905.7 807.1 467.5 835.8 674.9 600.1 3

 4 U.S.-chartered depository institutions (net) 678.1 670.9 583.4 335.3 665.6 451.7 342.6 4

 5 Foreign banking offices in U.S. (net) 190.9 239.9 226.3 130.0 170.3 223.2 273.4 5

 6 Credit unions (net) -6.7 -5.1 -2.5 2.3 -0.1 -0.0 -15.9 6

 7 Property-casualty insurance companies 1.3 1.2 0.5 2.4 0.6 1.5 0.4 7

 8 Life insurance companies 20.9 21.2 20.2 12.9 12.4 10.3 10.4 8

 9 REITs 83.5 97.9 91.7 79.4 90.4 120.5 215.4 9

10 Brokers and dealers (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 213.3 10

11 Holding companies 9.1 10.3 7.7 0.7 0.6 0.8 1.2 11

12 Total assets 1042.8 1252.7 1467.3 1178.0 1040.9 925.9 902.2 12

13 Nonfinancial corporate business 14.6 15.5 8.1 7.2 7.9 12.1 12.8 13

14 State and local governments 126.1 126.5 132.8 125.0 123.9 119.0 111.0 14

15 Rest of the world (net) 231.2 364.6 338.4 114.9 31.0 -96.1 -44.9 15

16 Monetary authority 46.8 40.8 46.5 80.0 0.0 0.0 0.0 16

17 Property-casualty insurance companies 2.7 1.9 3.6 4.4 4.5 3.8 1.8 17

18 Life insurance companies 2.6 2.6 2.7 8.0 10.2 10.9 10.1 18

19 Private pension funds 21.6 22.4 25.8 33.1 36.2 36.1 31.9 19

20 State and local govt. retirement funds 19.7 24.1 21.7 23.5 23.5 22.8 24.3 20

21 Money market mutual funds 346.0 394.6 605.9 542.4 479.9 479.4 484.0 21

22 Mutual funds 115.4 132.8 132.2 124.7 153.3 137.5 108.7 22

23 Government-sponsored enterprises (net) 107.7 117.4 142.7 114.5 122.1 150.0 111.9 23

24 Holding companies 8.5 9.5 6.9 0.3 48.2 50.3 50.5 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.1 0.1 25

26 Discrepancy--unallocated assets 698.4 885.0 651.2 60.2 447.6 346.4 238.5 26
FFA, 2005-2011, September 20, 2012 87

L.208 Open Market Paper

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total outstanding, all types 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 969.2 1

 2 Commercial paper 1640.1 1957.5 1788.1 1599.3 1137.4 1057.5 969.2 2

 3 Nonfinancial corporate business 90.1 112.5 123.8 131.5 58.4 82.9 116.3 3

 4 Foreign issues in U.S. 384.0 482.3 413.0 342.0 401.3 398.6 345.1 4

 5 Nonfinancial 29.0 27.0 29.0 49.7 34.5 30.6 30.2 5

 6 Financial 355.0 455.3 384.0 292.3 366.8 368.0 314.9 6

 7 Financial business 1166.1 1362.7 1251.3 1125.8 677.6 575.9 507.8 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 112.9 120.6 8

 9 ABS issuers 674.4 837.4 643.1 559.3 293.1 120.2 96.0 9

10 Finance companies 160.0 165.3 123.5 100.9 62.1 98.8 121.0 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Holding companies 57.1 81.7 116.7 77.7 60.8 64.7 75.9 12

13 Funding corporations 274.5 278.3 367.9 388.0 261.7 179.3 94.3 13

14 Bankers’ acceptances (1) 4.1 0.5 0.5 0.0 0.0 0.0 0.0 14

15 U.S.-chartered depository institutions 3.3 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 16

17 Holdings, by sector 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 969.2 17

18 Household sector 98.4 117.5 107.3 6.0 34.6 63.4 58.2 18

19 Nonfinancial corporate business 111.0 122.7 69.5 57.3 56.0 67.8 59.2 19

20 State and local governments 157.9 155.1 139.3 66.2 -4.1 -13.8 -4.7 20

21 Rest of the world 239.6 286.3 278.1 232.9 191.5 191.0 190.7 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 15.7 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 24

25 Credit unions 0.8 1.0 0.4 0.0 0.0 0.0 0.0 25

26 Property-casualty insurance companies 15.8 16.4 13.3 19.1 9.8 7.9 5.5 26

27 Life insurance companies 24.4 28.7 41.7 38.3 49.8 40.9 29.7 27

28 Private pension funds 31.5 31.7 26.9 37.2 26.7 18.2 16.7 28

29 State and local govt. retirement funds 35.2 42.8 38.4 25.9 24.0 22.4 23.8 29

30 Money market mutual funds 492.2 608.3 674.6 618.5 510.5 394.2 355.1 30

31 Mutual funds 97.1 114.5 114.1 51.6 80.2 66.3 40.0 31

32 Government-sponsored enterprises 13.8 32.4 27.7 6.8 9.7 9.9 6.5 32

33 Brokers and dealers 60.2 64.3 87.1 65.7 41.5 36.2 42.1 33

34 Funding corporations 266.2 336.4 170.2 358.2 107.1 153.1 146.4 34

(1) Excludes banks’ holdings of own acceptances.
88 FFA, 2005-2011, September 20, 2012

L.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 1

 2 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 2

 3 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 1519.5 3

 4 Other Treasury securities 3512.2 3718.6 3903.3 4283.0 5802.8 7404.7 8723.7 4

 5 Total assets 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 5

 6 Household sector 440.4 355.1 202.0 180.6 728.2 1040.9 580.3 6

 7 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 7

 8 Bills and other Treasury securities 235.3 152.7 5.6 -13.4 537.0 853.0 395.1 8

 9 Nonfinancial corporate business 52.1 45.5 38.3 30.5 43.0 47.8 47.6 9

10 Nonfinancial noncorporate business 56.2 56.3 59.3 51.8 46.1 44.4 44.2 10

11 State and local governments 505.9 551.7 588.1 551.0 581.3 587.7 525.8 11

12 Rest of the world 1984.4 2126.2 2376.4 3253.0 3670.6 4466.6 5071.1 12

13 Treasury bills 259.8 250.9 300.5 758.0 750.4 710.3 648.2 13

14 Other Treasury securities 1724.5 1875.3 2075.9 2495.0 2920.2 3756.3 4422.9 14

15 Monetary authority 744.2 778.9 740.6 475.9 776.6 1021.5 1663.4 15

16 Treasury bills 271.3 277.0 227.8 18.4 18.4 18.4 18.4 16

17 Other Treasury securities 472.9 501.9 512.8 457.5 758.2 1003.1 1645.0 17

18 U.S.-chartered depository institutions 76.5 74.4 80.1 56.4 124.5 217.5 173.9 18

19 Foreign banking offices in U.S. 27.8 26.8 30.4 35.5 57.5 60.9 60.5 19

20 Banks in U.S.-affiliated areas 3.9 3.7 1.8 1.2 0.5 1.1 1.0 20

21 Credit unions 7.7 7.4 10.4 8.8 14.2 20.0 17.5 21

22 Property-casualty insurance companies 106.9 110.0 71.3 65.6 88.5 91.7 93.6 22

23 Life insurance companies 95.4 87.9 70.6 105.7 133.5 156.6 167.1 23

24 Private pension funds 116.5 130.8 169.5 184.9 310.7 391.0 436.2 24

25 State and local govt. retirement funds 153.8 156.2 141.6 146.4 174.5 185.6 188.9 25

26 Federal government retirement funds 67.8 76.4 87.7 112.4 119.8 129.8 147.7 26

27 Money market mutual funds 88.6 82.7 178.1 577.7 406.4 335.4 443.3 27

28 Mutual funds 155.7 160.7 179.2 187.9 255.5 297.4 379.7 28

29 Closed-end funds 7.1 7.4 5.6 3.2 4.4 5.1 4.8 29

30 Exchange-traded funds 9.7 13.1 19.7 27.1 41.8 51.0 62.4 30

31 Government-sponsored enterprises 13.1 14.2 15.5 16.8 21.9 55.2 75.4 31

32 ABS issuers 27.7 61.1 85.8 72.2 53.9 40.1 29.2 32

33 Brokers and dealers -64.6 -67.0 -60.0 190.6 123.0 94.5 187.8 33

34 Holding companies 1.1 2.5 7.1 3.1 5.8 19.6 26.8 34

 Memo:

35 Federal government debt (1) 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 35

(1) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
FFA, 2005-2011, September 20, 2012 89

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 1

 2 Budget agencies 23.8 23.5 23.1 23.3 23.5 24.2 25.3 2

 3 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 3

 4 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 4

 5 Total assets 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 5

 6 Household sector 500.8 425.5 680.0 716.3 122.5 122.7 77.5 6

 7 Nonfinancial corporate business 17.4 15.2 12.8 10.2 14.3 15.9 15.9 7

 8 State and local governments 402.7 423.7 467.6 462.9 443.6 430.1 384.8 8

 9 Federal government 0.0 0.0 0.0 54.4 196.4 149.2 31.1 9

10 Rest of the world 1012.9 1263.6 1582.4 1406.9 1154.9 1084.0 1079.9 10

11 Monetary authority 0.0 0.0 0.0 19.7 1068.3 1139.6 941.7 11

12 U.S.-chartered depository institutions 1185.0 1217.3 1106.3 1242.5 1417.4 1527.2 1634.1 12

13 Foreign banking offices in U.S. 50.9 55.1 57.1 50.6 31.3 26.5 30.6 13

14 Banks in U.S.-affiliated areas 34.8 29.0 26.3 24.4 20.5 12.8 4.8 14

15 Credit unions 86.4 72.5 68.4 82.9 110.8 151.6 182.2 15

16 Property-casualty insurance companies 117.9 122.0 125.8 114.3 116.2 115.8 122.2 16

17 Life insurance companies 368.5 377.4 382.9 366.2 371.9 376.0 374.7 17

18 Private pension funds 252.0 268.6 296.8 318.1 269.1 257.6 262.6 18

19 State and local govt. retirement funds 258.4 307.8 331.1 337.5 306.9 285.2 290.3 19

20 Federal government retirement funds 5.8 5.6 5.4 5.2 5.2 5.8 6.5 20

21 Money market mutual funds 160.1 131.4 235.9 756.2 543.0 402.8 403.7 21

22 Mutual funds 483.4 499.1 565.4 592.7 639.1 791.1 937.4 22

23 Government-sponsored enterprises 751.1 714.0 702.9 910.0 924.5 377.0 358.9 23

24 ABS issuers 323.7 350.1 361.7 337.8 110.5 12.9 12.9 24

25 REITs 40.6 65.4 88.9 89.6 105.1 143.3 244.7 25

26 Brokers and dealers 101.0 138.0 290.2 242.6 110.9 149.8 147.7 26

27 Holding companies 11.2 11.2 9.9 25.8 24.3 21.1 33.1 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 Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 35.
90 FFA, 2005-2011, September 20, 2012

L.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 3743.4 1

 2 State and local governments 2612.0 2709.7 2855.9 2875.0 2985.7 3051.1 2991.6 2

 3 Short-term (1) 42.5 34.3 51.2 55.9 63.6 63.0 52.3 3

 4 Long-term 2569.5 2675.4 2804.7 2819.2 2922.1 2988.1 2939.3 4

 5 Nonprofit organizations (2) 213.7 230.1 250.7 258.7 264.6 262.3 254.4 5

 6 Nonfinancial corporate business 218.2 272.4 341.5 409.7 447.5 482.3 497.4 6

 (industrial revenue bonds)

 7 Total assets 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 3743.4 7

 8 Household sector 1637.2 1678.6 1721.5 1762.5 1890.9 1948.3 1887.0 8

 9 Nonfinancial corporate business 32.1 28.1 29.2 26.2 27.1 24.1 19.6 9

10 Nonfinancial noncorporate business 4.4 5.8 5.3 4.9 5.1 4.9 4.9 10

11 State and local governments 6.8 7.9 9.5 10.1 11.4 12.3 12.1 11

12 Rest of the world 29.0 34.4 45.1 50.5 58.7 71.7 82.7 12

13 U.S.-chartered depository institutions 166.1 190.1 202.0 221.9 224.3 254.6 297.3 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.5 1.3 2.0 2.5 3.5 2.5 3.4 15

16 Property-casualty insurance companies 313.2 335.2 371.3 381.9 369.4 348.4 331.0 16

17 Life insurance companies 32.5 36.6 41.4 47.1 73.1 112.3 121.6 17

18 State and local govt. retirement funds 1.7 3.3 2.4 1.4 1.5 1.6 1.5 18

19 Money market mutual funds 336.8 370.3 471.0 494.6 401.3 334.4 296.5 19

20 Mutual funds 311.7 344.4 372.2 389.6 480.2 526.6 542.6 20

21 Closed-end funds 89.4 89.4 91.3 77.9 81.1 81.3 82.2 21

22 Exchange-traded funds 0.0 0.0 0.6 2.3 5.9 7.6 8.6 22

23 Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 24.9 21.0 23

24 Brokers and dealers 42.9 50.9 50.1 38.7 35.4 40.0 31.5 24

(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).
FFA, 2005-2011, September 20, 2012 91

L.212 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 8820.4 10080.0 11543.4 11118.5 11577.0 11715.3 11861.1 1

 2 Nonfinancial corporate business 3156.1 3364.4 3675.5 3881.0 4268.6 4691.4 5076.0 2

 3 Rest of the world (1) 1011.6 1275.5 1587.1 1237.3 1570.3 1689.5 1763.8 3

 4 Financial sectors 4652.7 5440.1 6280.7 6000.3 5738.1 5334.5 5021.4 4

 5 U.S.-chartered depository institutions 130.4 159.9 184.8 184.8 176.3 436.8 415.8 5

 6 ABS issuers (net) (3) 2719.1 3342.6 3891.3 3564.1 3015.1 2123.1 1900.2 6

 7 Finance companies 806.5 849.7 974.1 924.5 837.5 1078.4 1051.7 7

 8 REITs 216.7 230.6 231.3 171.0 129.8 129.7 145.1 8

 9 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 129.7 91.8 9

10 Holding companies 372.4 421.5 516.0 638.9 1028.7 982.2 890.6 10

11 Funding corporations 345.3 367.0 418.5 419.9 457.8 454.6 526.2 11

12 Total assets 8820.4 10080.0 11543.4 11118.5 11577.0 11715.3 11861.1 12

13 Household sector 1423.1 1653.5 2118.4 2052.8 2213.1 2185.8 2118.1 13

14 State and local governments 128.1 135.0 149.1 147.9 154.7 157.0 150.6 14

15 Federal government 0.0 0.0 0.0 0.0 0.6 0.9 0.8 15

16 Rest of the world (2) 1762.9 2320.5 2719.1 2354.0 2465.3 2523.3 2500.5 16

17 U.S.-chartered depository institutions 491.8 563.4 714.6 650.5 667.1 548.9 551.8 17

18 Foreign banking offices in U.S. 262.8 292.5 369.5 401.6 244.9 233.9 234.5 18

19 Banks in U.S.-affiliated areas 0.8 0.4 0.5 0.5 2.0 0.6 4.2 19

20 Credit unions 23.5 30.6 34.6 25.7 18.6 3.7 4.1 20

21 Property-casualty insurance companies 262.8 277.0 282.9 267.5 298.3 322.6 361.0 21

22 Life insurance companies 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 2123.6 22

23 Private pension funds 290.0 317.6 357.4 400.1 442.9 440.1 440.9 23

24 State and local govt. retirement funds 227.9 283.4 297.0 312.9 308.6 312.4 320.9 24

25 Federal government retirement funds 4.4 4.8 6.3 5.8 5.8 5.9 7.4 25

26 Money market mutual funds 263.2 368.3 376.8 228.0 169.9 154.2 129.6 26

27 Mutual funds 662.7 767.0 889.9 959.9 1126.8 1275.4 1465.8 27

28 Closed-end funds 69.3 75.1 74.0 49.2 55.4 59.5 57.6 28

29 Exchange-traded funds 5.3 7.6 13.8 27.7 55.4 74.1 107.7 29

30 Government-sponsored enterprises 465.7 481.7 464.4 386.6 310.8 293.9 260.5 30

31 Finance companies 203.5 184.8 189.4 192.4 198.6 84.3 85.1 31

32 REITs 53.0 64.6 34.4 11.7 15.5 20.8 22.1 32

33 Brokers and dealers 315.7 355.5 382.8 123.8 154.4 189.5 103.7 33

34 Holding companies 11.8 16.7 35.9 35.8 31.1 38.3 18.3 34

35 Funding corporations 67.5 60.4 170.0 667.3 710.2 760.1 792.4 35

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
92 FFA, 2005-2011, September 20, 2012

L.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Issues at market value 20636.1 24339.3 25580.9 15640.5 20123.2 23410.8 22824.9 1

 2 Nonfinancial corporate business 12686.6 14602.3 15730.7 10016.6 12494.7 14422.8 14516.7 2

 3 Rest of the world (2) 3317.7 4329.0 5248.0 2748.4 3995.3 4646.9 4158.2 3

 4 Financial corporations 4631.9 5408.0 4602.2 2875.4 3633.2 4341.1 4150.0 4

 5 Holdings at market value 20636.1 24339.3 25580.9 15640.5 20123.2 23410.8 22824.9 5

 6 Household sector 8092.0 9645.0 9631.6 5759.5 7419.7 8736.7 8720.8 6

 7 State and local governments 87.6 88.4 94.5 66.1 96.0 78.2 72.7 7

 8 Federal government 0.0 0.0 0.0 188.7 67.4 49.9 57.5 8

 9 Rest of the world (3) 2039.1 2448.1 2812.2 1806.6 2477.2 2962.1 2973.6 9

10 Monetary authority 0.0 0.0 0.0 0.0 25.1 26.4 0.0 10

11 U.S.-chartered depository institutions 62.9 79.8 88.8 33.8 63.6 73.6 67.4 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 0.0 12

13 Property-casualty insurance companies 199.5 227.0 236.2 193.3 219.8 219.2 224.4 13

14 Life insurance companies 1161.8 1364.8 1464.6 1001.7 1208.5 1402.6 1390.2 14

15 Private pension funds 2441.7 2724.8 2673.3 1599.7 1835.7 2081.1 2005.1 15

16 State and local govt. retirement funds 1715.8 1926.1 2013.7 1237.9 1549.8 1782.5 1690.6 16

17 Federal government retirement funds 110.9 135.6 145.8 83.7 116.9 141.0 134.4 17

18 Mutual funds 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 4427.2 18

19 Closed-end funds 105.0 121.5 144.9 72.2 87.9 97.2 96.3 19

20 Exchange-traded funds 285.8 402.0 573.7 474.0 670.0 854.1 863.8 20

21 Brokers and dealers 158.3 186.4 224.8 109.2 124.2 117.2 100.9 21

22 Funding corporations 0.0 0.0 0.0 0.0 25.1 26.4 0.0 22

 Memo:

23 Market value of domestic corporations (4) 16506.8 18993.6 19064.6 12009.6 14937.3 17376.2 17313.9 23

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 19, 20, 21, and 22; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 1

 2 Holdings at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 8000.5 2

 3 Household sector 3672.8 4194.1 4605.3 3340.0 4157.3 4606.6 4645.8 3

 4 Nonfinancial corporate business 134.4 173.1 178.0 106.2 161.9 186.6 167.5 4

 5 State and local governments 31.6 34.0 38.4 38.8 41.3 37.7 36.3 5

 6 Rest of the world 242.0 316.8 373.5 256.2 363.6 513.8 559.9 6

 7 U.S.-chartered depository institutions 17.4 24.5 29.6 19.6 46.1 45.0 41.7 7

 8 Credit unions 2.2 2.1 2.1 2.0 1.3 1.5 1.8 8

 9 Property-casualty insurance companies 5.7 6.9 6.8 4.4 5.3 5.7 5.5 9

10 Life insurance companies 109.0 148.8 188.4 121.0 140.8 155.7 150.1 10

11 Private pension funds 1585.4 1880.4 2110.6 1366.0 1817.3 2121.1 2144.6 11

12 State and local govt. retirement funds 248.4 287.5 296.4 181.1 226.7 260.8 247.3 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
FFA, 2005-2011, September 20, 2012 93

L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 1557.7 1741.0 2060.1 2750.0 2021.7 1954.3 2086.8 1

 2 Household sector -15.8 30.9 21.8 26.4 10.2 61.0 12.4 2

 3 Corporate business 591.0 613.0 715.9 780.0 560.3 545.2 618.4 3

 4 Noncorporate business 670.4 785.7 926.5 1046.1 929.8 859.4 911.7 4

 5 Rest of the world 84.4 98.3 102.8 107.9 96.8 115.1 144.3 5

 6 Foreign official institutions 2.6 1.9 1.9 2.6 3.2 4.3 2.6 6

 7 Foreign banks 18.1 21.9 30.2 33.0 27.9 39.7 51.0 7

 8 Other foreign 63.7 74.4 70.8 72.4 65.8 71.2 90.7 8

 9 Financial sectors 227.7 213.0 293.1 789.5 424.7 373.7 399.9 9

10 Finance companies 142.1 129.2 182.0 174.9 144.5 91.5 102.1 10

11 REITs 33.3 28.4 33.2 32.8 20.7 18.5 22.1 11

12 Brokers and dealers 0.0 0.0 0.0 45.5 0.0 0.0 0.0 12

13 Holding companies 52.3 55.4 77.9 91.3 164.2 190.3 254.3 13

14 Funding corporations 0.0 0.0 0.0 444.9 95.3 73.4 21.5 14

15 Total assets 1557.7 1741.0 2060.1 2750.0 2021.7 1954.3 2086.8 15

16 Monetary authority (2) 0.0 0.0 0.0 490.4 142.8 98.1 30.5 16

17 U.S.-chartered depository institutions 1217.6 1331.1 1544.6 1675.8 1419.6 1412.9 1569.2 17

18 Foreign banking offices in U.S. 294.7 361.8 466.8 531.9 406.5 390.4 426.6 18

19 Banks in U.S.-affiliated areas 25.9 25.6 21.4 19.7 19.4 16.1 17.1 19

20 Credit unions 19.5 22.5 27.3 32.1 33.4 36.9 43.5 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.108.
94 FFA, 2005-2011, September 20, 2012

L.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total other loans and advances 1821.9 1982.9 2511.0 2610.2 2098.1 1797.8 1810.3 1

 2 U.S. government loans 106.7 107.3 105.2 111.3 177.4 180.9 185.8 2

 3 Liab.: Household sector 11.5 12.9 12.5 12.8 12.6 11.6 11.2 3

 4 Nonfinancial corporate business 10.0 11.2 10.9 15.3 74.9 70.6 70.1 4

 5 Nonfinancial noncorporate business 41.0 45.7 46.8 48.9 52.4 53.0 55.9 5

 6 State and local governments 10.6 11.2 11.9 12.7 13.5 14.4 15.3 6

 7 Rest of the world 33.7 26.4 23.1 21.6 21.9 22.1 23.5 7

 8 Government-sponsored enterprises 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 9

10 Funding corporations 0.0 0.0 0.0 0.0 2.0 9.2 9.8 10

11 Foreign loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.5 160.4 202.5 11

12 Liab.: Nonfinancial corporate business 162.5 168.8 271.5 207.3 182.5 160.4 202.5 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered depository institutions 3.3 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Foreign banking offices in U.S. 0.8 0.4 0.5 0.0 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 3.8 0.3 0.2 0.0 0.0 0.0 0.0 15

16 Rest of the world 0.2 0.2 0.3 0.0 0.0 0.0 0.0 16

17 Holding company loans 8.1 5.6 6.3 8.2 14.6 18.9 22.9 17

18 Liab.: Nonfinancial corporate business 8.1 5.6 6.3 8.2 14.6 18.9 22.9 18

19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Policy loans (Household liability) 107.6 110.9 114.5 120.4 121.1 124.5 126.9 20

21 Asset: Federal government 0.7 0.6 0.6 0.6 0.5 0.5 0.5 21

22 Life insurance companies 106.9 110.2 113.9 119.8 120.6 124.0 126.5 22

23 Government-sponsored enterprise loans (1) 671.8 704.9 942.6 980.7 695.9 551.3 487.0 23

24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Nonfinancial corporate business (FCS) 5.9 7.6 9.5 5.8 5.3 6.9 6.0 25

26 Nonfinancial noncorporate business (FCS) 45.7 55.9 66.0 74.5 74.7 80.3 77.7 26

27 U.S.-chartered dep. inst. (FHLB & SLMA) 594.0 608.3 806.1 805.0 541.1 392.8 332.3 27

28 Credit unions (FHLB) 14.7 18.9 32.3 40.6 26.5 26.1 24.2 28

29 Life insurance companies (FHLB) 11.5 14.2 28.7 54.9 48.3 45.1 46.8 29

30 Securitized loans held by ABS issuers 93.9 97.7 93.7 78.1 54.4 4.0 0.1 30

31 Liab.: Nonfinancial corporate business 93.9 97.7 93.7 78.1 54.4 4.0 0.1 31

32 Finance company loans to business 479.2 498.0 523.0 539.9 448.9 407.7 410.0 32

33 Liab.: Nonfinancial corporate business 431.3 448.2 470.7 485.9 404.0 366.9 369.0 33

34 Nonfinancial noncorporate business 47.9 49.8 52.3 54.0 44.9 40.8 41.0 34

35 Loans to nonfinancial corporate business (2) 188.1 289.2 453.8 564.3 403.4 350.2 375.1 35

36 Asset: Household sector 8.7 9.1 17.6 29.7 26.8 26.2 23.4 36

37 Life insurance companies 15.9 22.4 31.9 46.3 20.4 16.7 22.2 37

38 Mutual funds 36.5 46.3 82.4 94.8 75.4 74.6 93.5 38

39 ABS issuers 94.5 155.7 248.3 301.7 197.8 163.8 162.3 39

40 Brokers and dealers 22.0 41.7 52.8 55.9 60.1 47.4 54.3 40

41 Funding corporations 10.6 14.1 20.8 35.9 22.9 21.4 19.4 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.
FFA, 2005-2011, September 20, 2012 95

L.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total mortgages 12091.8 13470.6 14546.1 14635.3 14353.7 13730.2 13402.2 1

 2 Home 9402.6 10469.8 11194.2 11088.3 10888.9 10422.2 10167.1 2

 3 Multifamily residential 668.0 705.7 790.3 844.5 854.0 842.8 847.7 3

 4 Commercial 1916.4 2187.1 2449.0 2567.8 2479.5 2324.2 2241.5 4

 5 Farm 104.8 108.0 112.7 134.7 131.3 141.0 146.0 5

 6 Total liabilities 12091.8 13470.6 14546.1 14635.3 14353.7 13730.2 13402.2 6

 7 Household sector 9067.4 10069.9 10770.8 10715.6 10563.2 10132.8 9897.1 7

 8 Nonfinancial business 2879.0 3248.6 3618.5 3756.3 3623.6 3430.3 3329.0 8

 9 Corporate 786.3 872.7 935.5 886.3 766.5 698.5 664.4 9

10 Noncorporate 2092.7 2375.9 2683.0 2869.9 2857.2 2731.8 2664.6 10

11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 145.5 152.1 156.7 163.5 166.9 167.1 176.2 12

13 Total assets 12091.8 13470.6 14546.1 14635.3 14353.7 13730.2 13402.2 13

14 Household sector 139.4 122.1 109.8 111.1 101.4 90.1 79.5 14

15 Nonfinancial corporate business 68.3 59.8 41.4 33.6 29.5 28.0 26.5 15

16 Nonfinancial noncorporate business 36.2 34.6 42.1 39.1 37.9 36.5 36.3 16

17 State and local governments 154.9 164.0 181.2 180.2 189.3 185.9 179.8 17

18 Federal government 76.6 80.3 82.4 95.8 108.4 106.6 110.6 18

19 U.S.-chartered depository institutions 4054.9 4415.7 4658.6 4615.2 4371.9 4194.9 4049.6 19

20 Foreign banking offices in U.S. 20.8 24.9 39.0 44.2 37.8 35.4 32.8 20

21 Banks in U.S.-affiliated areas 35.1 39.2 40.8 42.6 42.3 35.8 33.4 21

22 Credit unions 226.1 252.5 280.2 312.2 316.9 317.0 320.5 22

23 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 23

24 Life insurance companies 285.5 303.8 326.2 342.4 326.1 317.5 332.5 24

25 Private pension funds 9.8 9.5 10.2 11.1 13.6 15.5 15.0 25

26 State and local govt. retirement funds 16.4 14.4 9.7 9.4 9.3 9.4 9.3 26

27 Government-sponsored enterprises (1) 588.8 607.2 643.1 705.3 707.7 5021.0 4924.0 27

28 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 28

29 ABS issuers 2140.0 2767.2 2957.3 2602.4 2234.7 1907.6 1689.2 29

30 Finance companies 541.4 594.4 531.9 447.9 397.4 243.6 211.5 30

31 REITs 146.7 136.3 123.1 76.3 48.3 41.9 42.1 31
96 FFA, 2005-2011, September 20, 2012

L.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 9402.6 10469.8 11194.2 11088.3 10888.9 10422.2 10167.1 1

 2 Household sector 8894.5 9879.2 10566.9 10514.7 10369.2 9950.9 9721.6 2

 3 Nonfinancial corporate business 31.1 39.4 42.2 32.7 20.3 13.6 10.2 3

 4 Nonfinancial noncorporate business 477.0 551.2 585.1 540.9 499.4 457.8 435.3 4

 5 Total assets 9402.6 10469.8 11194.2 11088.3 10888.9 10422.2 10167.1 5

 6 Household sector 117.9 102.9 90.8 91.2 83.2 75.2 67.2 6

 7 Nonfinancial corporate business 40.9 35.9 25.0 20.2 17.7 16.8 15.9 7

 8 Nonfinancial noncorporate business 13.3 12.7 15.4 14.3 13.9 13.3 13.3 8

 9 State and local governments 79.0 83.6 92.8 92.5 97.2 94.8 91.6 9

10 Federal government 13.2 13.3 13.7 16.4 22.1 23.9 24.8 10

11 U.S.-chartered depository institutions 2729.6 2932.7 3068.0 2883.6 2686.6 2612.0 2535.0 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 7.0 0.9 1.1 1.3 12

13 Banks in U.S.-affiliated areas 16.3 17.2 21.5 22.9 22.6 20.1 17.8 13

14 Credit unions 226.1 252.5 280.2 312.2 316.9 317.0 320.5 14

15 Life insurance companies 7.5 10.3 9.4 8.6 6.4 5.6 6.4 15

16 Private pension funds 1.4 1.3 1.2 1.3 2.0 1.9 1.6 16

17 State and local govt. retirement funds 5.9 5.2 3.5 3.4 3.3 3.4 3.3 17

18 Government-sponsored enterprises 453.9 457.6 447.9 456.6 445.3 4699.3 4595.9 18

19 Agency- and GSE-backed mortgage pools 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 1216.8 19

20 ABS issuers 1633.7 2153.0 2199.7 1884.5 1564.0 1290.6 1097.9 20

21 Finance companies 489.8 538.1 472.7 375.4 327.7 169.5 149.7 21

22 REITs 127.9 104.2 80.7 34.3 12.6 8.9 8.1 22

 Memo:

23 Home equity loans included above (2) 916.7 1066.8 1132.3 1115.3 1032.9 928.1 853.3 23

24 U.S.-chartered depository institutions 700.7 791.2 872.7 894.7 841.4 783.3 723.1 24

25 Foreign banking offices in U.S. 0.0 0.0 0.0 0.8 0.3 0.3 0.3 25

26 Credit unions 75.9 86.9 94.1 98.7 94.6 88.2 82.2 26

27 ABS issuers 42.2 81.1 70.9 46.0 31.1 22.5 17.8 27

28 Finance companies 98.0 107.6 94.5 75.1 65.5 33.9 29.9 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

Billions of dollars

 1 Total liabilities 668.0 705.7 790.3 844.5 854.0 842.8 847.7 1

 2 Nonfinancial corporate business 32.2 34.0 38.4 41.0 41.4 40.8 41.0 2

 3 Nonfinancial noncorporate business 611.1 646.5 729.1 778.5 785.8 774.4 779.1 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 24.8 25.1 22.7 25.1 26.8 27.7 27.6 5

 6 Total assets 668.0 705.7 790.3 844.5 854.0 842.8 847.7 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 1.1 0.9 0.6 0.5 0.5 0.4 0.4 8

 9 Nonfinancial noncorporate business 12.3 11.7 14.3 13.3 12.9 12.4 12.3 9

10 State and local governments 61.9 65.6 72.8 72.5 76.2 74.9 72.6 10

11 Federal government 14.9 14.8 14.4 14.5 14.7 14.4 14.1 11

12 U.S.-chartered depository institutions 237.1 253.3 261.1 276.0 267.0 254.9 248.3 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 4.3 4.0 3.5 2.9 13

14 Life insurance companies 42.4 46.1 51.8 51.8 48.5 47.2 49.4 14

15 Private pension funds 2.1 2.0 2.1 2.4 2.7 3.1 2.9 15

16 State and local govt. retirement funds 4.9 4.3 2.9 2.8 2.8 2.8 2.8 16

17 Government-sponsored enterprises 93.0 105.4 147.7 190.2 204.4 256.5 259.2 17

18 Agency- and GSE-backed mortgage pools 101.3 88.8 88.1 92.8 105.7 66.9 86.4 18

19 ABS issuers 89.4 102.5 124.0 113.2 107.4 98.7 91.1 19

20 Finance companies 5.6 5.1 5.1 5.8 5.1 5.1 3.6 20

21 REITs 1.9 5.0 5.2 4.3 2.3 1.9 1.7 21
FFA, 2005-2011, September 20, 2012 97

L.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 1916.4 2187.1 2449.0 2567.8 2479.5 2324.2 2241.5 1

 2 Household sector 172.8 190.7 204.0 200.9 194.0 181.9 175.5 2

 3 Nonfinancial corporate business 703.4 778.3 832.1 783.8 675.2 611.1 577.7 3

 4 Nonfinancial noncorporate business 919.5 1091.2 1278.9 1444.6 1470.2 1391.7 1339.7 4

 5 REITs 120.7 127.0 134.0 138.4 140.1 139.4 148.6 5

 6 Total assets 1916.4 2187.1 2449.0 2567.8 2479.5 2324.2 2241.5 6

 7 Household sector 14.9 17.0 19.1 20.0 19.2 16.7 12.4 7

 8 Nonfinancial corporate business 26.3 23.0 15.8 13.0 11.4 10.8 10.2 8

 9 Nonfinancial noncorporate business 9.9 9.5 11.5 10.7 10.4 10.0 10.0 9

10 State and local governments 12.4 13.1 14.6 14.5 15.2 15.5 14.9 10

11 Federal government 45.2 48.9 51.0 61.4 67.8 64.1 67.2 11

12 U.S.-chartered depository institutions 1049.7 1188.7 1286.8 1404.2 1367.4 1273.2 1210.3 12

13 Foreign banking offices in U.S. 20.8 24.9 39.0 32.8 32.9 30.8 28.5 13

14 Banks in U.S.-affiliated areas 18.8 22.0 19.3 19.7 19.6 15.7 15.6 14

15 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 15

16 Life insurance companies 224.3 235.4 252.2 267.1 257.7 251.3 263.2 16

17 Private pension funds 6.3 6.2 6.8 7.4 8.9 10.4 10.5 17

18 State and local govt. retirement funds 5.6 4.9 3.3 3.2 3.2 3.2 3.2 18

19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 ABS issuers 416.8 511.7 633.6 604.7 563.3 518.3 500.2 20

21 Finance companies 46.0 51.1 54.0 66.6 64.6 68.9 58.2 21

22 REITs 16.8 27.1 37.3 37.7 33.4 31.2 32.3 22

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 104.8 108.0 112.7 134.7 131.3 141.0 146.0 1

 2 Nonfinancial corporate business 19.6 21.0 22.8 28.8 29.6 33.1 35.5 2

 3 Nonfinancial noncorporate business 85.2 87.0 89.9 105.9 101.7 107.9 110.5 3

 4 Total assets 104.8 108.0 112.7 134.7 131.3 141.0 146.0 4

 5 Household sector 6.6 2.2 -0.0 -0.0 -1.0 -1.8 -0.1 5

 6 Nonfinancial noncorporate business 0.7 0.7 0.8 0.8 0.8 0.7 0.7 6

 7 State and local governments 1.5 1.6 1.0 0.7 0.7 0.7 0.7 7

 8 Federal government 3.2 3.2 3.3 3.5 3.9 4.3 4.5 8

 9 U.S.-chartered depository institutions 38.5 40.9 42.8 51.5 51.0 54.8 56.0 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 10

11 Life insurance companies 11.3 12.0 12.8 15.0 13.5 13.3 13.5 11

12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Government-sponsored enterprises 42.0 44.2 47.6 58.5 58.0 65.2 68.9 13

14 Agency- and GSE-backed mortgage pools 0.8 3.2 4.5 4.7 4.5 3.8 1.7 14

(1) Excludes mortgages on farm houses.
98 FFA, 2005-2011, September 20, 2012

L.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities (Households) 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 1

 2 Total assets 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 2

 3 Nonfinancial corporate business 59.6 57.0 59.3 56.3 51.7 53.1 53.5 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government (1) 89.8 86.9 93.0 104.3 178.6 308.8 417.4 5

 6 U.S.-chartered depository institutions 816.1 836.7 894.9 965.0 906.3 1185.5 1192.6 6

 7 Credit unions 228.6 236.1 236.6 236.2 237.1 226.5 223.0 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 ABS issuers 609.9 636.3 673.0 632.9 593.3 63.0 55.0 9

10 Finance companies 516.5 531.9 572.1 554.3 471.9 708.4 690.2 10

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

 the government purchased from depository institutions and finance companies.

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 3003.6 3195.9 3398.0 3228.1 3204.9 3393.7 3615.2 1

 2 Household sector 186.3 199.9 214.5 236.7 252.7 274.1 288.2 2

 3 Nonfinancial corporate business 1700.6 1812.9 1897.9 1672.8 1587.5 1750.6 1928.6 3

 4 Nonfinancial noncorporate business 334.5 348.9 374.9 380.7 388.3 369.3 367.9 4

 5 State and local governments 482.0 516.4 553.5 592.7 632.3 672.3 712.5 5

 6 Federal government 202.7 208.9 238.2 260.8 204.6 213.3 234.7 6

 7 Rest of the world 54.5 60.7 73.1 63.2 69.3 95.9 69.1 7

 8 Brokers and dealers 43.1 48.3 45.8 21.2 70.1 18.1 14.2 8

 9 Total trade receivables 2945.7 2961.1 3189.2 2993.1 2867.1 2969.8 3165.0 9

10 Nonfinancial corporate business 2108.2 2090.5 2252.4 2084.6 2056.0 2187.4 2373.3 10

11 Nonfinancial noncorporate business 430.9 470.9 525.6 522.7 496.3 477.4 475.7 11

12 State and local governments 96.8 82.4 69.9 48.8 30.2 10.0 0.0 12

13 Federal government 71.0 59.4 60.6 64.7 43.6 42.9 47.7 13

14 Rest of the world 56.9 62.8 83.6 90.1 96.7 116.3 133.5 14

15 Property-casualty insurance companies 82.1 87.0 85.4 86.7 83.0 83.8 87.2 15

16 ABS issuers 99.8 108.3 111.7 95.5 61.3 51.8 47.6 16

17 Discrepancy 57.9 234.8 208.8 234.9 337.7 423.9 450.2 17

L.224 Security Credit

Billions of dollars

 1 Total liabilities 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1312.1 1

 2 Household sector 232.4 292.1 325.5 164.8 203.0 278.2 238.5 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 806.0 957.8 1200.9 963.6 888.2 936.6 1073.6 4

 5 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 752.3 5

 6 From U.S.-chartered depository institutions 95.6 116.5 145.9 158.6 158.0 152.3 189.6 6

 7 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 131.7 7

 8 Total assets 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1312.1 8

 9 Household sector 575.3 655.7 866.4 742.7 668.6 694.3 752.3 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered depository institutions 95.6 116.5 145.9 158.6 158.0 152.3 189.6 11

12 Foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 131.7 12

13 Brokers and dealers 232.4 292.1 325.5 164.8 203.0 278.2 238.5 13
FFA, 2005-2011, September 20, 2012 99

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 Life insurance reserves:

 1 Total liabilities 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1352.0 1

 2 Federal government 42.7 44.2 45.4 46.4 47.5 48.4 49.7 2

 3 Life insurance companies 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 3

 4 Net change in assets 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1352.0 4

 5 Households 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 5

 6 U.S.-chartered depository institutions 0.0 93.4 104.3 110.7 111.5 116.0 120.8 6

 7 Holding companies 0.0 15.2 20.5 19.3 21.4 25.1 27.6 7

 Pension fund reserves:

 8 Total liabilities 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 8

 9 Life insurance companies 2197.4 2332.4 2450.8 2184.6 2323.0 2504.7 2556.6 9

10 Private pension funds (1) 5427.8 6120.5 6444.8 4588.0 5507.4 6136.6 6118.2 10

11 State and local govt. retirement funds 2763.4 3156.6 3297.9 2414.7 2759.8 3024.0 2967.9 11

12 Federal government retirement funds (2) 1071.8 1141.1 1197.1 1222.3 1324.9 1425.5 1509.7 12

13 Total assets (Households) (3) 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 13

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 214.5 237.0 167.7 44.0 40.6 50.7 64.7 1

 2 Nonfinancial corporate business 86.2 85.4 35.8 39.0 35.7 42.9 47.8 2

 3 Nonfinancial noncorporate business 86.7 95.7 99.5 106.2 99.9 95.1 94.6 3

 4 U.S.-chartered depository institutions 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 4

 5 Property-casualty insurance companies -1.6 9.4 7.0 -21.1 -15.8 -10.1 -14.5 5

 6 Life insurance companies -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 6

 7 Finance companies 16.9 17.0 15.5 15.4 12.7 7.7 7.3 7

 8 Brokers and dealers 2.1 2.8 2.2 2.5 5.7 3.6 2.1 8

 9 Total business taxes receivable 232.6 285.1 342.5 389.3 416.1 448.9 474.0 9

10 State and local governments 141.0 189.0 237.5 269.8 280.9 298.0 307.5 10

11 Federal government 91.6 96.1 105.0 119.4 135.1 150.8 166.5 11

12 Discrepancy -18.1 -48.1 -174.8 -345.3 -375.5 -398.2 -409.3 12

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 8878.6 9204.3 9341.1 7733.4 6480.6 7018.5 7525.3 1

 2 Nonfinancial noncorporate business 8866.9 9194.5 9329.5 7723.9 6468.5 7004.7 7512.3 2

 3 Brokers and dealers 11.7 9.8 11.6 9.5 12.1 13.8 13.0 3
100 FFA, 2005-2011, September 20, 2012

L.228 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 14329.4 15692.9 17539.8 20072.8 19982.0 20661.0 21048.6 1

 2 Household sector 22.4 22.8 23.9 27.0 22.1 24.7 24.3 2

 3 Nonfinancial corporate business 3650.2 3659.6 3873.5 4059.8 4034.8 4093.2 3752.6 3

 4 Nonfinancial noncorporate business 861.2 1006.1 1100.0 1214.3 1248.1 1283.3 1305.8 4

 5 Federal government 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 1438.3 5

 6 Rest of the world 3537.5 4239.1 5104.6 6059.0 5959.9 6498.1 6771.1 6

 7 Monetary authority 15.3 18.5 21.0 23.1 29.2 58.4 31.7 7

 8 U.S.-chartered depository institutions 1126.3 1200.6 1310.2 1491.2 1628.9 1809.8 1943.0 8

 9 Foreign banking offices in U.S. 263.8 154.8 299.6 849.4 431.3 438.7 694.0 9

10 Banks in U.S.-affiliated areas 45.2 40.7 28.8 24.9 29.2 23.3 19.4 10

11 Credit unions 11.9 9.2 3.6 4.7 19.4 11.0 12.4 11

12 Property-casualty insurance companies 759.3 815.7 811.1 811.0 819.5 831.8 869.4 12

13 Life insurance companies 824.0 925.9 1010.6 905.0 985.6 1089.7 1108.8 13

14 Government-sponsored enterprises 141.8 153.4 171.1 208.2 270.4 154.6 130.6 14

15 Finance companies 702.8 715.7 654.4 664.8 573.6 316.8 284.7 15

16 REITs 55.3 63.0 67.6 64.9 51.1 66.0 74.4 16

17 Brokers and dealers 405.5 519.5 558.4 441.4 450.0 483.1 478.8 17

18 Holding companies 215.5 294.4 328.3 422.9 548.0 522.0 481.1 18

19 Funding corporations 727.8 836.7 1078.9 1617.5 1619.3 1607.0 1628.1 19

20 Total assets 19812.9 22324.6 24905.9 25199.2 25479.8 26241.2 27641.4 20

21 Household sector 608.7 646.1 712.2 766.3 787.1 830.5 877.2 21

22 Nonfinancial corporate business 8176.9 8941.7 9890.0 9377.9 9560.4 10189.5 10831.5 22

23 Nonfinancial noncorporate business 1301.7 1683.5 2014.3 2121.8 2040.0 1963.8 1959.8 23

24 State and local governments 27.0 -33.0 -10.9 6.6 19.4 35.4 -15.3 24

25 Federal government 133.7 136.8 138.7 110.8 145.8 141.4 143.1 25

26 Rest of the world 3219.7 3997.4 4536.2 4282.3 4197.4 4505.0 4811.8 26

27 Monetary authority 18.1 17.0 40.5 569.8 75.9 83.1 225.8 27

28 U.S.-chartered depository institutions 844.4 772.0 869.1 1199.2 1021.7 929.3 952.6 28

29 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.7 143.9 148.7 371.4 29

30 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 11.8 30

31 Credit unions 24.2 24.9 35.9 44.3 50.6 41.9 15.0 31

32 Property-casualty insurance companies 103.3 105.5 121.1 102.6 120.6 112.3 105.9 32

33 Life insurance companies 262.1 303.3 342.9 380.1 357.6 360.3 409.3 33

34 Private pension funds 480.2 532.5 567.1 426.5 533.3 549.4 537.3 34

35 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 17.0 18.1 35

36 Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 36

37 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 66.9 72.7 37

38 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 5.7 38

39 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 148.5 39

40 Finance companies 46.7 18.9 30.1 51.5 77.8 82.2 93.1 40

41 REITs 51.9 59.7 55.4 54.6 46.1 53.5 66.8 41

42 Brokers and dealers 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 932.0 42

43 Holding companies 1609.4 1875.8 2054.0 2337.0 3160.6 3129.4 3165.9 43

44 Funding corporations 602.8 633.9 751.5 793.5 726.3 671.0 687.6 44

45 Discrepancy -5483.5 -6631.6 -7366.1 -5126.5 -5497.9 -5580.2 -6592.9 45
FFA, 2005-2011, September 20, 2012 101

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2651.7 2948.2 3553.1 3748.5 4029.5 4306.8 4681.6 1

 2 Asset: Nonfinancial corporate business 2205.7 2440.7 2892.9 3011.1 3219.1 3434.7 3794.6 2

 3 U.S.-chartered depository institutions 104.9 95.9 150.3 201.5 257.6 273.9 270.9 3

 4 Property-casualty insurance companies 103.3 105.5 121.1 102.6 120.6 112.3 105.9 4

 5 Life insurance companies 19.1 20.0 25.6 25.0 28.1 44.6 54.8 5

 6 Finance companies 17.7 42.0 177.9 221.0 187.3 210.5 217.2 6

 7 Brokers and dealers 201.1 244.1 185.3 187.4 216.8 230.8 238.1 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1549.4 1722.7 1961.9 2050.3 1986.4 2119.9 2361.1 8

 9 Nonfinancial noncorporate business 3.3 3.6 3.6 3.6 4.8 5.1 5.8 9

10 Foreign banking offices in U.S. 130.2 135.4 94.2 71.7 107.7 114.8 153.1 10

11 Property-casualty insurance companies 60.1 99.9 76.6 51.2 64.7 70.6 73.0 11

12 Life insurance companies 65.8 71.3 68.7 60.3 69.4 84.2 89.2 12

13 Finance companies 38.8 51.1 68.6 78.1 90.0 103.1 116.4 13

14 Brokers and dealers 49.9 61.0 62.6 72.1 64.4 88.5 98.1 14

15 Funding corporations 8.4 9.0 9.6 10.2 10.8 11.4 12.0 15

16 Asset: Rest of the world 1906.0 2154.1 2345.9 2397.4 2398.2 2597.7 2908.8 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 43.2 45.3 46.9 48.3 50.0 52.3 54.9 17

18 Asset: Federal government 43.2 45.3 46.9 48.3 50.0 52.3 54.9 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 13.5 15.3 18.5 21.1 25.6 26.5 26.9 19

20 Asset: U.S.-chartered depository institutions 13.5 15.3 18.5 21.1 25.6 26.5 26.9 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 46.7 46.9 56.0 51.8 51.8 49.0 43.1 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.5 0.6 0.7 0.4 0.5 0.6 0.5 22

23 Nonfinancial noncorporate (FCS) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 U.S.-chartered depository institutions (FHLB) 38.7 38.5 45.5 39.0 39.7 36.7 30.6 25

26 Credit unions (FHLB) 1.8 1.9 2.5 2.8 2.4 2.2 2.9 26

27 Life insurance companies (FHLB) 1.6 1.6 2.2 3.2 2.9 2.9 2.1 27

 Holding company net transactions with subsidiaries:

28 Liab.: U.S.-chartered depository institutions 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1711.9 28

29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Life insurance companies 35.6 38.3 43.7 31.2 40.5 62.7 72.0 30

31 Finance companies 195.2 198.5 239.9 232.6 209.3 118.3 97.9 31

32 Brokers and dealers 110.2 114.5 57.0 155.2 596.1 623.2 611.5 32

33 Rest of the world 27.1 68.4 110.6 101.5 125.1 135.6 162.1 33

34 Asset: Holding companies 1357.8 1562.6 1708.1 1891.0 2570.3 2572.7 2655.4 34

 NFC investment in finance company subsidiaries:

35 Liab.: Finance companies 117.0 140.1 81.5 80.5 71.2 62.5 71.5 35

36 Asset: Nonfinancial corporate business 117.0 140.1 81.5 80.5 71.2 62.5 71.5 36

 Funding corporations’ investment in subsidiaries:

37 Liab.: Foreign banking offices in U.S. 188.8 197.3 241.0 276.6 203.1 171.6 137.8 37

38 Brokers and dealers 414.0 436.5 510.5 516.9 523.2 499.4 549.8 38

39 Asset: Funding corporations 602.8 633.9 751.5 793.5 726.3 671.0 687.6 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 0.0 0.0 0.0 1.8 7.7 8.8 40

41 Asset: Households (1) 0.0 0.0 0.0 0.0 0.9 3.8 4.4 41

42 Federal government 0.0 0.0 0.0 0.0 0.9 3.8 4.4 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
102 FFA, 2005-2011, September 20, 2012

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.6 0.6 24.5 554.2 10.9 0.8 100.5 1

 2 Asset: Federal government 0.6 0.6 0.5 0.5 0.7 0.8 0.7 2

 3 Monetary authority (1) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 3

 Postal Savings System deposits:

 4 Liab.: Federal government 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.2 19.0 20.9 15.5 15.9 14.4 12.6 6

 7 Asset: U.S.-chartered depository institutions 19.2 19.0 20.9 15.5 15.9 14.4 12.6 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.4 22.8 23.9 27.0 22.1 24.7 24.3 8

 9 Asset: Life insurance companies 22.4 22.8 23.9 27.0 22.1 24.7 24.3 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 217.3 232.1 247.6 265.2 273.6 288.4 302.8 10

11 Accident and health 138.3 149.8 163.3 182.7 192.4 207.1 222.3 11

12 Policy dividend accumulation 42.7 43.5 43.7 40.4 39.2 39.7 37.9 12

13 Contract claims 36.3 38.8 40.6 42.1 42.0 41.6 42.6 13

14 Asset: Household sector 217.3 232.1 247.6 265.2 273.6 288.4 302.8 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 761.2 796.4 15

16 Asset: Household sector 316.0 320.5 327.3 337.3 332.2 335.4 348.6 16

17 Nonfinancial corporate business 284.0 291.6 299.9 311.1 310.2 313.2 328.7 17

18 Nonfinancial noncorporate business 99.2 103.6 107.3 111.5 112.4 112.6 119.0 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 338.4 387.9 431.3 317.6 412.8 457.5 451.3 19

20 Asset: Private pension funds 338.4 387.9 431.3 317.6 412.8 457.5 451.3 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 44.8 42.8 47.2 47.9 50.5 49.2 49.4 21

22 Asset: Private pension funds 44.8 42.8 47.2 47.9 50.5 49.2 49.4 22

 Securities borrowed (net):

23 Liab.: Funding corporations 939.7 1242.3 1240.2 887.0 856.8 733.4 658.4 23

24 Asset: Brokers and dealers 939.7 1242.3 1240.2 887.0 856.8 733.4 658.4 24

 Nonmarketable government securities:

25 Liab.: Federal government 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 25

26 Asset: Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 26

 Retiree health care funds (2):

27 Liab.: Federal government 75.4 93.5 137.3 163.8 180.4 202.9 221.4 27

28 Asset: Household sector 75.4 93.5 137.3 163.8 180.4 202.9 221.4 28

(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.
FFA, 2005-2011, September 20, 2012 103

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total liabilities 4350.9 4471.3 5119.0 6987.3 6402.2 6639.4 6079.4 1

 2 Nonfinancial corporate business 2056.0 1894.1 1864.3 1961.6 1997.9 1924.1 1342.2 2

 3 Nonfinancial noncorporate business 857.9 1002.5 1096.4 1210.7 1243.3 1278.1 1300.0 3

 4 Federal government 5.4 5.1 4.9 4.3 4.0 3.6 3.2 4

 5 Rest of the world 814.8 1176.7 1369.5 1606.4 1744.5 2002.5 1772.1 5

 6 Monetary authority 1.8 3.2 2.5 2.1 3.6 31.9 4.8 6

 7 U.S.-chartered depository institutions 136.6 57.7 53.3 120.6 29.4 177.0 231.1 7

 8 Foreign banking offices in U.S. -55.1 -177.9 -35.6 501.1 120.5 152.4 403.1 8

 9 Banks in U.S.-affiliated areas 45.2 40.7 28.8 24.9 29.2 23.3 19.4 9

10 Credit unions 11.9 9.2 3.6 4.7 19.4 11.0 12.4 10

11 Life insurance companies 166.9 196.3 219.3 230.8 189.3 196.9 193.4 11

12 Government-sponsored enterprises 75.9 87.6 94.3 141.0 202.8 91.2 74.9 12

13 Finance companies 351.8 326.0 264.4 273.7 203.1 33.0 -1.1 13

14 REITs 55.3 63.0 67.6 64.9 51.1 66.0 74.4 14

15 Brokers and dealers -168.5 -92.5 -71.7 -302.8 -733.7 -728.1 -780.6 15

16 Holding companies 215.5 294.4 328.3 422.9 548.0 522.0 481.1 16

17 Funding corporations -220.4 -414.6 -170.9 720.3 749.9 854.6 948.9 17

18 Total assets 9834.4 11102.9 12485.1 12113.8 11900.1 12219.6 12672.2 18

19 Nonfinancial corporate business 5569.6 6068.7 6615.0 5974.8 5959.4 6378.5 6636.1 19

20 Nonfinancial noncorporate business 1198.4 1575.6 1902.0 2003.9 1921.3 1844.6 1833.8 20

21 State and local governments 27.0 -33.0 -10.9 6.6 19.4 35.4 -15.3 21

22 Federal government 89.9 91.0 91.4 62.0 94.3 84.5 83.2 22

23 Rest of the world 1313.8 1843.3 2190.2 1884.9 1799.2 1907.3 1903.0 23

24 Monetary authority 18.1 17.0 16.5 16.1 65.6 83.0 126.0 24

25 U.S.-chartered depository institutions 668.1 603.3 634.0 922.2 682.9 577.8 611.7 25

26 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.7 143.9 148.7 371.4 26

27 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 11.8 27

28 Credit unions 22.4 23.0 33.4 41.5 48.2 39.7 12.1 28

29 Life insurance companies 219.0 258.9 291.2 324.9 304.5 288.2 328.1 29

30 Private pension funds 97.0 101.8 88.6 61.0 70.0 42.8 36.6 30

31 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 17.0 18.1 31

32 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 5.7 32

33 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 66.9 72.7 33

34 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 148.5 34

35 Finance companies 29.0 -23.1 -147.8 -169.5 -109.5 -128.3 -124.2 35

36 REITs 51.9 59.7 55.4 54.6 46.1 53.5 66.8 36

37 Brokers and dealers 61.8 113.0 208.1 31.3 67.5 61.1 35.5 37

38 Holding companies 251.6 313.2 345.9 446.0 590.3 556.7 510.4 38

39 Discrepancy -5483.5 -6631.6 -7366.1 -5126.5 -5497.9 -5580.2 -6592.9 39
104 FFA, 2005-2011, September 20, 2012

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Assets 73309.5 78927.7 80320.1 67567.8 69391.8 72967.0 73595.1 1

 2 Nonfinancial assets 28459.4 29567.7 28237.5 24800.5 23767.6 23448.3 23319.7 2

 3 Real estate 24137.7 25030.8 23507.2 19950.1 18891.3 18559.3 18270.0 3

 4 Households (2,3) 22030.3 22717.9 20843.7 17557.6 17153.9 16591.1 16134.1 4

 5 Nonprofit organizations 2107.4 2312.9 2663.5 2392.6 1737.4 1968.3 2135.9 5

 Equipment and software owned by

 6 nonprofit organizations (4) 223.7 243.2 262.0 283.6 294.8 304.9 317.5 6

 7 Consumer durable goods (4) 4098.0 4293.6 4468.3 4566.8 4581.6 4584.1 4732.2 7

 8 Financial assets 44850.2 49360.0 52082.6 42767.3 45624.1 49518.7 50275.4 8

 9 Deposits 6232.1 6847.9 7502.0 8107.1 7969.1 7926.7 8574.4 9

10 Foreign deposits 59.9 65.2 80.5 56.9 50.5 52.1 50.1 10

11 Checkable deposits and currency 285.8 245.8 160.2 349.6 373.6 336.7 629.0 11

12 Time and savings deposits 4937.1 5422.4 5914.6 6118.8 6231.9 6399.5 6778.7 12

13 Money market fund shares 949.2 1114.5 1346.7 1581.8 1313.1 1138.4 1116.6 13

14 Credit market instruments 4247.9 4361.2 4956.5 4858.9 5117.4 5477.5 4823.7 14

15 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 58.2 15

16 Treasury securities 440.4 355.1 202.0 180.6 728.2 1040.9 580.3 16

17 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 17

18 Other Treasury 235.3 152.7 5.6 -13.4 537.0 853.0 395.1 18

19 Agency- and GSE-backed securities 500.8 425.5 680.0 716.3 122.5 122.7 77.5 19

20 Municipal securities 1637.2 1678.6 1721.5 1762.5 1890.9 1948.3 1887.0 20

21 Corporate and foreign bonds 1423.1 1653.5 2118.4 2052.8 2213.1 2185.8 2118.1 21

22 Other loans and advances (5) 8.7 9.1 17.6 29.7 26.8 26.2 23.4 22

23 Mortgages 139.4 122.1 109.8 111.1 101.4 90.1 79.5 23

24 Corporate equities (2) 8092.0 9645.0 9631.6 5759.5 7419.7 8736.7 8720.8 24

25 Mutual fund shares (6) 3672.8 4194.1 4605.3 3340.0 4157.3 4606.6 4645.8 25

26 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 752.3 26

27 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 27

28 Pension fund reserves 11460.3 12750.6 13390.7 10409.6 11915.0 13090.9 13152.4 28

29 Equity in noncorporate business (7) 8878.6 9204.3 9341.1 7733.4 6480.6 7018.5 7525.3 29

30 Miscellaneous assets 608.7 646.1 712.2 766.3 787.1 830.5 877.2 30

31 Liabilities 12146.0 13354.5 14263.0 14111.3 13888.3 13714.5 13484.7 31

32 Credit market instruments 11704.9 12839.7 13699.1 13682.7 13410.5 13137.5 12933.7 32

33 Home mortgages (8) 8894.5 9879.2 10566.9 10514.7 10369.2 9950.9 9721.6 33

34 Consumer credit 2320.6 2385.0 2528.8 2548.9 2438.8 2545.3 2631.7 34

35 Municipal securities (9) 213.7 230.1 250.7 258.7 264.6 262.3 254.4 35

36 Depository institution loans n.e.c. -15.8 30.9 21.8 26.4 10.2 61.0 12.4 36

37 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 138.1 37

38 Commercial mortgages (9) 172.8 190.7 204.0 200.9 194.0 181.9 175.5 38

39 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.5 39

40 Trade payables (9) 186.3 199.9 214.5 236.7 252.7 274.1 288.2 40

 Deferred and unpaid

41 life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 41

42 Net worth 61163.6 65573.2 66057.1 53456.5 55503.4 59252.5 60110.4 42

 Memo:

 Replacement-cost value of structures:

43 Residential 13475.1 14440.6 14660.2 14410.4 14132.3 14215.5 14363.4 43

44 Households 13275.9 14229.3 14445.1 14195.4 13918.5 14002.9 14152.6 44

45 Nonprofit organizations 199.3 211.3 215.1 215.0 213.8 212.6 210.8 45

46 Nonresidential (nonprofits) 1196.2 1318.9 1404.7 1489.5 1439.0 1450.8 1502.3 46

47 Disposable personal income (SAAR) 9277.3 9915.7 10423.6 11024.5 10722.4 11127.1 11549.3 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 659.3 661.3 633.7 484.9 517.6 532.5 520.5 48

 Owners’ equity in household real

49 estate (10) 13135.8 12838.7 10276.9 7042.9 6784.7 6640.2 6412.6 49

 Owners’ equity as percentage of

50 household real estate (11) 59.6 56.5 49.3 40.1 39.6 40.0 39.7 50

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts.

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

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

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

(7) Net worth of nonfinancial noncorporate business (table B.103, line 32) and owners’ equity in unincorporated security brokers and dealers.

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

(9) Liabilities of nonprofit organizations.

(10) Line 4 less line 33.

(11) Line 49 divided by line 4.
FFA, 2005-2011, September 20, 2012 105

B.102 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 25269.8 27381.9 30517.3 28861.4 26187.8 28267.3 30143.0 1

 2 Nonfinancial assets 13361.1 14714.4 16755.2 15923.8 12847.6 14091.3 15117.7 2

 3 Real estate (1) 8171.1 9166.8 10910.1 9946.3 7053.2 8081.8 8837.0 3

 4 Equipment and software (2) 3601.6 3851.0 4012.2 4190.8 4124.6 4182.1 4313.6 4

 5 Inventories (2) 1588.4 1696.5 1832.9 1786.6 1669.8 1827.4 1967.1 5

 6 Financial assets 11908.6 12667.6 13762.1 12937.7 13340.1 14176.0 15025.3 6

 7 Foreign deposits 63.6 49.3 50.3 24.7 31.5 41.1 34.0 7

 8 Checkable deposits and currency 268.0 150.8 143.2 30.6 170.5 326.3 395.2 8

 9 Time and savings deposits 450.4 497.0 441.3 381.9 488.8 511.4 536.7 9

10 Money market fund shares 352.2 421.3 548.5 710.6 641.7 484.8 452.0 10

11 Security RPs 14.6 15.5 8.1 7.2 7.9 12.1 12.8 11

12 Commercial paper 111.0 122.7 69.5 57.3 56.0 67.8 59.2 12

13 Treasury securities 52.1 45.5 38.3 30.5 43.0 47.8 47.6 13

14 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 15.9 15.9 14

15 Municipal securities 32.1 28.1 29.2 26.2 27.1 24.1 19.6 15

16 Mortgages 68.3 59.8 41.4 33.6 29.5 28.0 26.5 16

17 Consumer credit 59.6 57.0 59.3 56.3 51.7 53.1 53.5 17

18 Trade receivables 2108.2 2090.5 2252.4 2084.6 2056.0 2187.4 2373.3 18

19 Mutual fund shares (1) 134.4 173.1 178.0 106.2 161.9 186.6 167.5 19

20 Miscellaneous assets 8176.9 8941.7 9890.0 9377.9 9560.4 10189.5 10831.5 20

21 Liabilities 11182.1 11821.5 12916.0 13225.0 12898.5 13364.8 13747.2 21

22 Credit market instruments 5745.1 6263.6 7108.7 7453.5 7240.4 7478.1 8018.1 22

23 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 23

24 Municipal securities (3) 218.2 272.4 341.5 409.7 447.5 482.3 497.4 24

25 Corporate bonds (4) 3156.1 3364.4 3675.5 3881.0 4268.6 4691.4 5076.0 25

26 Depository institution loans n.e.c. 591.0 613.0 715.9 780.0 560.3 545.2 618.4 26

27 Other loans and advances 903.5 1028.5 1316.5 1364.9 1139.1 977.9 1045.7 27

28 Mortgages 786.3 872.7 935.5 886.3 766.5 698.5 664.4 28

29 Trade payables 1700.6 1812.9 1897.9 1672.8 1587.5 1750.6 1928.6 29

30 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 47.8 30

31 Miscellaneous liabilities 3650.2 3659.6 3873.5 4059.8 4034.8 4093.2 3752.6 31

32 Net worth (market value) 14087.7 15560.4 17601.4 15636.4 13289.3 14902.5 16395.8 32

 Memo:

 Replacement-cost value of structures:

33 Residential 152.3 164.8 170.8 172.7 173.7 173.3 171.0 33

34 Nonresidential 5699.6 6249.6 6644.8 7203.6 6894.2 7147.1 7516.7 34

35 Market value of equities outstanding 12686.6 14602.3 15730.7 10016.6 12494.7 14422.8 14516.7 35

36 Debt/net worth (percent) (5) 40.8 40.3 40.4 47.7 54.5 50.2 48.9 36

37 Debt/equities (percent) (6) 45.3 42.9 45.2 74.4 57.9 51.8 55.2 37

38 Equities/net worth (percent) (7) 90.1 93.8 89.4 64.1 94.0 96.8 88.5 38

 With nonfinancial assets stated at historical cost:

39 Assets (8) 20064.6 21311.5 22897.4 22451.5 22884.2 24049.7 25380.4 39

40 Nonfinancial assets 8155.9 8643.9 9135.4 9513.9 9544.1 9873.7 10355.0 40

41 Real estate 3324.3 3555.5 3841.6 4145.8 4336.5 4526.7 4739.6 41

42 Equipment and software 3312.3 3474.3 3630.1 3738.5 3714.8 3755.5 3857.1 42

43 Inventories 1519.3 1614.2 1663.6 1629.5 1492.7 1591.4 1758.3 43

44 Net worth (historical cost) (9) 8882.5 9490.0 9981.5 9226.6 9985.8 10684.8 11633.2 44

 Memo:

 Historical-cost value of structures:

45 Residential 64.0 68.7 73.1 76.6 78.8 80.4 81.9 45

46 Nonresidential 2884.5 3082.0 3330.7 3624.8 3811.3 3951.8 4112.5 46

47 Debt/net worth (percent) (10) 64.7 66.0 71.2 80.8 72.5 70.0 68.9 47

 (1) At market value.

 (2) At replacement (current) cost.

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

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

 (5) Line 22 divided by line 32.

 (6) Line 22 divided by line 35.

 (7) Line 35 divided by line 32.

 (8) Sum of lines 6 and 40.

 (9) Line 39 less line 21.

 (10) Line 22 divided by line 44.
106 FFA, 2005-2011, September 20, 2012

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Assets 13047.0 13958.1 14678.4 13518.5 12163.8 12517.7 13031.6 1

 2 Nonfinancial assets 10450.4 10841.7 11082.5 9825.4 8571.5 9059.9 9581.6 2

 3 Real estate (1) 9640.4 9984.0 10170.5 8885.9 7657.0 8104.3 8568.4 3

 4 Residential 6256.7 6238.7 5870.0 4930.2 4531.3 4651.8 4833.6 4

 5 Nonresidential 3383.8 3745.3 4300.5 3955.7 3125.6 3452.5 3734.8 5

 6 Equipment and software (2) 593.7 637.1 667.4 701.7 694.6 702.2 730.8 6

 7 Residential (3) 42.9 46.2 47.4 48.7 46.1 44.3 46.1 7

 8 Nonresidential 550.8 591.0 619.9 653.0 648.6 657.9 684.7 8

 9 Inventories (2) 216.2 220.6 244.6 237.7 219.9 253.4 282.4 9

10 Financial assets 2596.7 3116.5 3595.9 3693.2 3592.3 3457.8 3450.0 10

11 Checkable deposits and currency 374.1 448.8 515.6 519.4 539.8 520.0 519.8 11

12 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 339.9 338.6 12

13 Money market fund shares 69.0 72.2 74.3 75.4 73.7 70.9 70.7 13

14 Credit market instruments 96.8 96.7 106.7 95.8 89.1 85.7 85.4 14

15 Treasury securities 56.2 56.3 59.3 51.8 46.1 44.4 44.2 15

16 Municipal securities 4.4 5.8 5.3 4.9 5.1 4.9 4.9 16

17 Mortgages 36.2 34.6 42.1 39.1 37.9 36.5 36.3 17

18 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Trade receivables 430.9 470.9 525.6 522.7 496.3 477.4 475.7 19

20 Miscellaneous assets 1301.7 1683.5 2014.3 2121.8 2040.0 1963.8 1959.8 20

21 Insurance receivables 99.2 103.6 107.3 111.5 112.4 112.6 119.0 21

22 Equity investment in GSEs (4) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 22

23 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1844.6 1833.8 23

24 Liabilities 4180.2 4763.6 5349.0 5794.6 5695.3 5513.0 5519.4 24

25 Credit market instruments 2897.7 3313.0 3774.6 4093.4 3959.0 3765.3 3751.0 25

26 Depository institution loans n.e.c. 670.4 785.7 926.5 1046.1 929.8 859.4 911.7 26

27 Other loans and advances 134.6 151.4 165.1 177.4 172.0 174.1 174.7 27

28 Mortgages 2092.7 2375.9 2683.0 2869.9 2857.2 2731.8 2664.6 28

29 Trade payables 334.5 348.9 374.9 380.7 388.3 369.3 367.9 29

30 Taxes payable 86.7 95.7 99.5 106.2 99.9 95.1 94.6 30

31 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1248.1 1283.3 1305.8 31

32 Net worth (5) 8866.9 9194.5 9329.5 7723.9 6468.5 7004.7 7512.3 32

 Memo:

 Replacement-cost value of structures:

33 Residential 2854.7 3025.2 3072.5 3047.3 3017.4 3004.3 2975.5 33

34 Nonresidential 1391.9 1515.0 1594.6 1691.6 1599.8 1612.0 1666.8 34

35 Debt/net worth (percent) (6) 32.7 36.0 40.5 53.0 61.2 53.8 49.9 35

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Line 1 less line 24. Included in table B.100, line 29.

(6) Line 25 divided by line 32.
FFA, 2005-2011, September 20, 2012 107

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Change in net worth (1) 6268.2 4409.6 483.9 -12600.6 2047.0 3749.1 857.9 1

 2 Net investment 429.9 280.9 730.4 866.6 575.1 927.4 1201.0 2

 3 Net physical investment 771.6 733.1 595.6 358.1 174.5 187.9 220.9 3

 4 Capital expenditures 1819.0 1843.1 1757.4 1559.3 1384.6 1398.5 1460.7 4

 5 - Consumption of fixed capital 1047.3 1110.0 1161.8 1201.2 1210.1 1210.7 1239.8 5

 6 Net lending (+) or net borrowing (-) -341.7 -452.2 134.8 508.4 400.7 739.5 980.1 6

 7 Net acquisition of financial assets 810.7 772.4 1040.7 351.8 221.1 543.3 744.9 7

 8 - Net increase in liabilities 1152.4 1224.6 905.9 -156.6 -179.6 -196.2 -235.2 8

 Holding gains on assets

 9 at market value (2) 5825.9 4104.8 -284.3 -13328.9 1084.3 2784.5 -92.3 9

10 Real estate 2904.9 399.2 -1872.5 -3763.2 -1167.1 -409.1 -357.6 10

11 Corporate equities 978.4 2132.1 828.9 -3773.0 1569.5 1453.0 158.0 11

12 Mutual fund shares 68.1 354.3 198.3 -1273.6 511.4 246.3 -259.3 12

13 Equity in noncorporate business 1319.5 265.1 118.4 -1323.6 -1234.9 509.4 520.1 13

14 Life insurance and pension fund reserves 555.0 954.1 442.6 -3195.4 1405.8 985.8 -153.3 14

15 Equity investment under PPIP 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 15

 Holding gains on assets

16 at current cost (2) -41.3 -35.9 -52.1 -32.5 -43.9 -89.2 16.8 16

17 Consumer durable goods -45.6 -43.2 -58.1 -36.3 -42.9 -90.6 14.7 17

18 Equipment and software 4.4 7.3 5.9 3.8 -1.1 1.3 2.2 18

19 Other volume changes (3) 53.6 59.8 90.0 -105.8 431.4 126.4 -267.6 19

 Memo:

20 Net worth outstanding (4) 61163.6 65573.2 66057.1 53456.5 55503.4 59252.5 60110.4 20

21 Disposable personal income 9277.3 9915.7 10423.6 11024.5 10722.4 11127.1 11549.3 21

(1) Sum of net investment (line 2), holding gains (lines 9 and 16), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
108 FFA, 2005-2011, September 20, 2012

R.102 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Change in net worth (1) 1402.8 1472.8 2040.9 -1964.9 -2347.1 1613.2 1493.4 1

 2 Net investment -116.2 -363.4 -639.4 -985.3 399.8 17.1 -14.4 2

 3 Net physical investment 245.5 340.7 353.5 293.6 -97.6 155.9 226.3 3

 4 Capital expenditures 957.3 1102.5 1146.9 1112.4 766.5 975.2 1056.0 4

 5 - Consumption of fixed capital 742.5 799.8 840.6 863.2 861.0 857.9 892.3 5

 6 - Inventory valuation adjustment -30.7 -38.0 -47.2 -44.5 3.2 -38.7 -62.6 6

 7 Net lending (+) or net borrowing (-) -19.8 -138.4 -206.1 -943.0 562.0 139.2 231.9 7

 8 Net acquisition of financial assets 945.7 700.9 1074.9 -604.0 307.3 769.0 853.9 8

 9 - Net increase in liabilities 965.5 839.3 1281.0 339.0 -254.7 629.9 622.0 9

10 Net corporate equity issues -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 -472.7 10

 Holding gains on assets

11 at market value (2) 890.9 882.8 1566.2 -1206.4 -2962.2 951.4 643.5 11

12 Real estate 882.8 867.6 1556.5 -1151.3 -2982.5 937.9 651.5 12

13 Mutual fund shares 8.1 15.2 9.7 -55.1 20.2 13.6 -7.9 13

 Holding gains on assets less

14 liabilities at current cost (2) 165.6 181.5 229.8 9.7 139.3 18.8 32.8 14

15 Equipment and software 86.1 137.7 51.4 103.4 -11.6 46.3 65.8 15

16 Inventories (3) 34.2 10.2 60.9 -50.5 31.6 58.3 38.0 16

17 Direct investment abroad 86.3 15.9 145.1 -144.4 -49.2 -109.2 -36.6 17

18 - Foreign direct investment in U.S. 41.0 -17.7 27.7 -101.2 -168.5 -23.4 34.4 18

19 Other volume changes (4) 462.4 771.9 884.4 217.1 76.0 625.8 831.5 19

 Memo:

20 Net worth outstanding (5) 14087.7 15560.4 17601.4 15636.4 13289.3 14902.5 16395.8 20

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.102, line 32.
FFA, 2005-2011, September 20, 2012 109

R.103 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Change in net worth (1) 1324.6 327.6 135.0 -1605.5 -1255.4 536.2 507.5 1

 2 Net capital transfers paid -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 2

 3 Net investment 19.9 67.4 16.0 -292.3 -8.2 35.8 -10.1 3

 4 Net physical investment 125.4 131.0 122.2 55.9 -7.6 -8.6 4.3 4

 5 Capital expenditures 275.7 293.3 306.5 267.2 203.4 201.3 219.3 5

 6 - Consumption of fixed capital 150.3 162.3 184.3 211.3 211.0 209.9 215.0 6

 7 Net lending (+) or net borrowing (-) -112.3 -131.0 -122.2 -52.6 13.6 16.4 -2.7 7

 8 Net acquisition of financial assets 437.3 519.8 479.4 97.3 -100.8 -134.5 -8.1 8

 9 - Net increase in liabilities 549.6 650.8 601.6 149.9 -114.4 -150.9 -5.3 9

10 Proprietor’s net investment (2) 6.8 67.4 16.0 -295.6 -14.2 28.1 -11.7 10

11 Holding gains on real estate (3) 1359.0 291.3 130.8 -1319.6 -1232.6 461.2 475.0 11

12 Residential 991.2 -45.2 -389.7 -946.2 -395.3 130.8 191.7 12

13 Nonresidential 367.8 336.5 520.5 -373.4 -837.2 330.4 283.3 13

14 Holding gains on assets at current cost (3) -29.6 -31.0 -12.2 11.0 -13.7 35.8 42.5 14

15 Residential equipment and software 1.3 1.2 -0.4 0.2 -2.9 -2.5 0.9 15

16 Nonresidential equipment and software -39.1 -36.5 -34.9 16.7 -1.9 2.4 10.1 16

17 Inventories 8.2 4.3 23.1 -6.0 -8.9 35.8 31.5 17

18 Other volume changes (4) -11.6 -0.1 0.3 -1.3 5.1 11.2 1.8 18

 Memo:

19 Net worth outstanding (5) 8866.9 9194.5 9329.5 7723.9 6468.5 7004.7 7512.3 19

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 18).

(2) Shown on table F.103, line 30.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 32.
110 FFA, 2005-2011, September 20, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Assets 73309.5 78927.7 80320.1 67567.8 69391.8 72967.0 73595.1 1

 2 Nonfinancial assets 28459.4 29567.7 28237.5 24800.5 23767.6 23448.3 23319.7 2

 3 Financial assets 44850.2 49360.0 52082.6 42767.3 45624.1 49518.7 50275.4 3

 4 Deposits 6232.1 6847.9 7502.0 8107.1 7969.1 7926.7 8574.4 4

 5 Credit market instruments 4247.9 4361.2 4956.5 4858.9 5117.4 5477.5 4823.7 5

 6 Equity shares at market value 17396.4 20360.7 20947.4 12462.6 15967.1 18505.0 18028.8 6

 7 Directly held 8092.0 9645.0 9631.6 5759.5 7419.7 8736.7 8720.8 7

 8 Indirectly held 9304.4 10715.7 11315.8 6703.1 8547.4 9768.3 9308.0 8

 9 Life insurance companies 1140.1 1334.7 1466.8 956.9 1220.3 1420.5 1395.7 9

10 Private pension funds 3630.8 4155.6 4260.5 2471.9 3055.6 3502.6 3379.6 10

11 Defined benefit plans 1567.7 1729.9 1660.7 903.5 975.2 1069.7 1000.3 11

12 Defined contribution plans 2063.1 2425.7 2599.8 1568.5 2080.3 2432.9 2379.3 12

13 State and local govt. retirement funds 1887.3 2129.0 2221.0 1338.3 1684.5 1939.0 1827.5 13

14 Federal government retirement funds 110.9 135.6 145.8 83.7 116.9 141.0 134.4 14

15 Mutual funds 2535.4 2960.7 3221.7 1852.2 2470.1 2765.1 2570.8 15

16 Other 16973.8 17790.2 18676.7 17338.7 16570.5 17609.6 18848.6 16

17 Liabilities 12146.0 13354.5 14263.0 14111.3 13888.3 13714.5 13484.7 17

18 Net worth 61163.6 65573.2 66057.1 53456.5 55503.4 59252.5 60110.4 18

 Memo:

19 Equity shares excluding defined benefit plans 13923.6 16482.8 17047.7 10210.3 13295.7 15483.8 15190.6 19

 (line 6 minus lines 11, 13 and part of line 14)

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 23.7 25.8 26.1 18.4 23.0 25.4 24.5 20

21 Financial assets (line 3) 38.8 41.2 40.2 29.1 35.0 37.4 35.9 21

(1) Estimates of equity shares (lines 7 through 15) could differ from other sources owing to alternative definitions of ownership of equity by households.

 Prior to 1985, all pension assets are assumed to have been in defined benefit plans.
FFA, 2005-2011, September 20, 2012 111

F.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Current receipts, NIPA basis 3659.3 3995.2 4197.0 4051.6 3705.3 3906.8 4086.1 1

 2 Personal current taxes 1208.6 1352.4 1488.7 1435.7 1144.6 1194.8 1398.0 2

 3 Taxes on production and imports 930.2 986.8 1027.2 1038.6 1023.2 1055.0 1097.9 3

 4 Taxes on corporate income 395.9 454.2 420.6 281.0 245.9 349.5 351.8 4

 5 Taxes from the rest of the world 12.1 14.0 14.7 18.8 14.8 15.1 15.9 5

 6 Contributions for govt. social insurance 877.4 926.4 964.2 992.1 968.1 988.2 923.8 6

 7 Income receipts on assets 111.9 129.6 144.2 137.5 143.1 141.8 141.7 7

 8 Current transfer receipts 126.7 136.0 149.2 163.9 181.2 181.9 183.7 8

 9 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.0 -15.6 -19.5 -26.5 9

10 Current expenditures, NIPA basis 3916.4 4147.9 4430.0 4737.3 5047.9 5304.4 5425.5 10

11 Consumption expenditures 1977.9 2093.3 2217.8 2381.0 2460.3 2552.0 2579.5 11

12 Government social benefits 1494.0 1596.1 1701.2 1857.9 2116.5 2253.4 2291.4 12

13 Other current transfer payments 40.9 34.9 42.2 45.3 53.5 54.7 58.7 13

14 Interest payments 342.7 372.2 414.3 400.2 357.9 387.4 434.2 14

15 Subsidies 60.9 51.4 54.6 52.9 59.7 57.0 61.6 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net saving, NIPA basis -257.1 -152.7 -233.0 -685.7 -1342.6 -1397.7 -1339.4 17

18 + Consumption of fixed capital 250.6 269.3 291.3 311.2 323.5 333.5 349.4 18

19 - Insurance and pension fund reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 20

21 - Net capital transfers (2) 10.0 -14.7 -2.6 3.0 14.9 28.1 28.3 21

22 = Gross saving less net capital transfers -21.9 126.6 56.1 -381.7 -1039.3 -1095.4 -1022.3 22

23 Gross investment -24.5 133.2 53.0 -448.5 -963.6 -1014.1 -997.4 23

24 Fixed investment 392.0 425.1 456.5 497.2 506.9 505.5 480.2 24

25 Nonproduced nonfinancial assets 9.8 -2.2 12.5 -5.1 5.6 11.8 11.4 25

26 Net lending (+) or net borrowing (-) -426.3 -289.6 -416.0 -940.6 -1476.1 -1531.4 -1489.0 26

27 Net acquisition of financial assets 58.6 47.8 74.3 506.3 164.3 247.7 -252.9 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 28

29 Checkable deposits and currency 21.7 2.7 20.4 321.6 -155.0 155.5 -241.7 29

30 Time and savings deposits 11.8 26.4 37.6 17.9 11.2 -0.4 17.7 30

31 Money market fund shares 9.5 11.1 17.3 5.7 12.4 8.7 -2.7 31

32 Security RPs -0.9 0.4 6.4 -7.8 -1.1 -4.9 -8.0 32

33 Credit market instruments 22.9 40.6 66.3 5.0 222.2 60.7 -50.4 33

34 Open market paper -4.2 -2.8 -15.8 -73.1 -70.2 -9.8 9.1 34

35 Agency- and GSE-backed securities (3) 15.6 21.0 43.9 49.8 122.7 -60.7 -163.4 35

36 Municipal securities 0.9 1.1 1.6 0.7 1.2 0.9 -0.2 36

37 Corporate and foreign bonds 5.1 6.9 14.2 -1.3 7.4 2.6 -6.5 37

38 Mortgages 9.3 12.8 19.3 12.5 21.7 -5.2 -2.1 38

39 Consumer credit 3.7 1.6 6.0 11.3 74.3 130.2 108.7 39

40 Other loans and advances (4) -7.7 -0.0 -2.9 5.2 65.2 2.7 4.0 40

41 Corporate equities -4.2 -10.0 -1.9 266.1 16.6 -6.8 34.0 41

42 Mutual fund shares 0.5 -1.6 1.2 16.7 -8.8 -9.5 -1.6 42

43 Trade receivables -5.2 -26.0 -11.3 -16.9 -39.7 -20.9 -5.3 43

44 Taxes receivable 40.7 5.0 -32.7 -59.8 29.2 25.9 35.0 44

45 Miscellaneous assets -23.8 1.8 -28.5 -46.6 25.4 37.8 -46.0 45

46 Net increase in liabilities 484.9 337.4 490.3 1446.9 1640.5 1779.1 1236.1 46

47 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 47

48 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 48

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

50 Credit market instruments 349.1 235.3 346.9 1295.5 1524.2 1639.2 1070.4 50

51 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 51

52 Treasury bills and other Treasury securities (4) 212.3 140.6 207.0 1278.6 1416.2 1576.5 1131.5 52

53 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 53

54 Municipal securities 136.6 97.7 146.2 19.2 110.7 65.3 -59.5 54

55 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Trade payables 65.8 40.6 66.4 61.8 -16.5 48.7 61.6 56

57 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 1.3 57

58 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 90.6 102.9 58

59 Discrepancy 2.7 -6.7 3.1 66.8 -75.7 -81.4 -24.9 59

 Memo:

60 Net govt. saving less fixed investment (6) -649.1 -577.8 -689.5 -1182.9 -1849.5 -1903.2 -1819.6 60

61 Adjustment between NIPA and FOF (7) 222.8 288.2 273.4 242.2 373.3 371.8 330.6 61

62 Items to be financed (8) -426.3 -289.6 -416.0 -940.6 -1476.1 -1531.4 -1489.0 62

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

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

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

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

(4) Excludes transactions with state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Line 17 less line 24.

(7) Line 18 less the sum of lines 19, 20, 21, 25, and 59.

(8) Line 60 plus line 61.
112 FFA, 2005-2011, September 20, 2012

L.105.c Consolidated Statement for Federal, State, and Local Governments

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2321.4 2369.0 2597.9 3124.3 3212.7 3417.2 3112.1 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 103.9 2

 3 Checkable deposits and currency 93.3 94.8 113.6 433.6 278.5 433.6 191.7 3

 4 Time and savings deposits 184.8 211.2 248.8 266.6 277.8 277.4 295.2 4

 5 Money market fund shares 88.1 99.3 116.6 122.3 134.7 143.5 140.8 5

 6 Security RPs 126.1 126.5 132.8 125.0 123.9 119.0 111.0 6

 7 Credit market instruments 1113.5 1149.6 1215.9 1221.0 1443.2 1503.9 1453.4 7

 8 Open market paper 157.9 155.1 139.3 66.2 -4.1 -13.8 -4.7 8

 9 Agency- and GSE-backed securities (1) 402.7 423.7 467.6 517.4 640.0 579.3 415.9 9

10 Municipal securities 6.8 7.9 9.5 10.1 11.4 12.3 12.1 10

11 Corporate and foreign bonds 128.1 135.0 149.1 147.9 155.2 157.8 151.4 11

12 Mortgages 231.4 244.3 263.6 276.0 297.7 292.5 290.4 12

13 Consumer credit 89.8 86.9 93.0 104.3 178.6 308.8 417.4 13

14 Other loans and advances (2) 96.8 96.8 93.9 99.1 164.3 167.0 171.0 14

15 Corporate equities 87.6 88.4 94.5 254.8 163.3 128.1 130.2 15

16 Mutual fund shares 31.6 34.0 38.4 38.8 41.3 37.7 36.3 16

17 Trade receivables 167.8 141.8 130.5 113.6 73.9 53.0 47.7 17

18 Taxes receivable 232.6 285.1 342.5 389.3 416.1 448.9 474.0 18

19 Miscellaneous assets 160.7 103.8 127.9 117.4 165.3 176.7 127.8 19

20 Total liabilities 8535.7 8867.6 9358.7 10805.2 12442.6 14218.0 15439.9 20

21 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 21

22 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 22

23 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 23

24 Credit market instruments 6808.0 7043.2 7390.1 8685.6 10209.8 11849.0 12919.4 24

25 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 25

26 Treasury bills and other Treasury securities (3) 3967.0 4107.7 4314.7 5593.2 7009.4 8585.9 9717.4 26

27 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 27

28 Municipal securities 2612.0 2709.7 2855.9 2875.0 2985.7 3051.1 2991.6 28

29 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Trade payables 684.7 725.3 791.7 853.4 836.9 885.6 947.2 30

31 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 49.7 31

32 Miscellaneous liabilities (4) 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 1438.3 32

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 2005-2011, September 20, 2012 113

F.116.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Net acquisition of financial assets -35.4 -46.6 -76.4 -82.4 -35.1 -31.9 -28.7 1

 2 Checkable deposits and currency 0.1 0.2 0.2 0.1 2.8 3.1 0.7 2

 3 Time and savings deposits 5.6 0.4 1.6 1.1 3.3 -0.0 0.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 0.7 0.3 0.2 0.1 -0.0 -1.1 -0.7 5

 6 Credit market instruments 33.8 34.3 84.8 71.8 114.1 29.9 1.0 6

 7 Open market paper 0.6 0.3 -4.5 10.1 -4.1 -2.2 -0.5 7

 8 Treasury securities 1.4 11.8 32.8 10.1 97.9 44.5 19.9 8

 9 Agency- and GSE-backed securities 16.1 2.6 26.7 13.7 -23.4 -10.9 -8.6 9

10 Corporate and foreign bonds 15.9 19.6 30.3 38.2 44.6 -1.2 -9.6 10

11 Mortgages -0.2 -0.1 -0.5 -0.3 -0.9 -0.3 -0.1 11

12 Corporate equities -49.0 -107.9 -209.0 -171.1 -159.6 -59.7 -37.3 12

13 Mutual fund shares -7.0 -0.2 20.1 15.5 -5.2 -2.1 5.1 13

14 Miscellaneous assets -19.8 26.3 25.6 0.0 9.6 -2.0 2.0 14

15 Unallocated insurance contracts (1) -16.4 12.0 29.0 24.0 5.6 -1.9 1.6 15

16 Contributions receivable -1.9 -0.2 -0.2 -0.1 -0.4 -0.9 0.7 16

17 Other -1.5 14.5 -3.1 -23.9 4.4 0.8 -0.3 17

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

F.116.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets 107.8 100.1 108.1 45.6 95.1 93.1 100.7 1

 2 Checkable deposits and currency 0.2 0.2 0.4 0.3 1.4 1.4 0.4 2

 3 Time and savings deposits 0.7 0.5 3.0 -0.8 1.4 0.2 -0.0 3

 4 Money market fund shares 1.9 3.4 3.4 2.3 0.6 -0.1 -0.2 4

 5 Security RPs 0.3 0.4 3.1 7.2 3.1 0.9 -3.6 5

 6 Credit market instruments 11.4 24.1 17.7 18.9 -2.5 29.4 48.0 6

 7 Open market paper 2.4 -0.1 -0.3 0.2 -6.4 -6.3 -0.9 7

 8 Treasury securities 2.1 2.4 5.9 5.3 27.9 35.8 25.3 8

 9 Agency- and GSE-backed securities 0.7 14.0 1.4 7.7 -25.7 -0.6 13.6 9

10 Corporate and foreign bonds 6.3 8.1 9.5 4.5 -1.8 -1.6 10.4 10

11 Mortgages 0.0 -0.2 1.2 1.2 3.5 2.2 -0.4 11

12 Corporate equities 6.9 21.4 20.7 -13.6 -16.0 9.2 13.3 12

13 Mutual fund shares 77.0 75.0 68.0 20.0 95.0 83.0 51.0 13

14 Miscellaneous assets 9.4 -25.0 -8.1 11.3 12.0 -30.9 -8.2 14

15 Unallocated insurance contracts (2) 15.0 -13.4 -2.7 14.2 4.5 -2.5 -1.9 15

16 Contributions receivable 0.0 -1.8 4.7 0.8 2.9 -0.4 -0.5 16

17 Other -5.6 -9.8 -10.1 -3.7 4.6 -28.0 -5.8 17

(1) Includes 401(k) type plans.

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

F.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: 206.4 247.4 275.7 247.5 198.6 88.7 20.1 1

 2 U.S.-chartered depository institutions 7.4 30.6 22.2 44.2 30.7 26.6 20.3 2

 3 Credit unions 1.6 3.9 5.0 7.2 8.7 3.0 1.3 3

 4 Life insurance companies 28.2 12.2 17.9 28.9 -6.0 11.9 4.6 4

 5 Money market mutual funds 7.0 34.0 45.0 48.0 -42.0 -23.0 9.0 5

 6 Mutual funds 71.5 103.1 118.5 -118.7 149.8 122.1 49.7 6

 7 Other self-directed accounts 90.7 63.7 67.0 237.8 57.4 -51.9 -64.8 7

(1) Assets of the household sector (F.100). IRA assets are not included in pension fund reserves (table F.225), except for those at life insurance companies. Figures for depositories (lines 2 through 4)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
114 FFA, 2005-2011, September 20, 2012

L.116.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011

 

 1 Total financial assets 2281.3 2529.5 2596.0 1853.5 2104.7 2264.3 2206.4 1

 2 Checkable deposits and currency 5.3 5.5 5.8 5.9 8.7 11.8 12.4 2

 3 Time and savings deposits 42.0 42.3 44.0 45.0 48.3 48.3 48.7 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 5.1 5.4 5.6 5.8 5.7 4.7 4.0 5

 6 Credit market instruments 468.5 502.8 587.6 659.3 773.4 803.3 804.3 6

 7 Open market paper 5.1 5.5 1.0 11.0 6.9 4.8 4.2 7

 8 Treasury securities 60.0 71.8 104.6 114.8 212.7 257.1 277.0 8

 9 Agency- and GSE-backed securities 198.5 201.1 227.8 241.5 218.2 207.3 198.7 9

10 Corporate and foreign bonds 200.6 220.2 250.6 288.7 333.3 332.1 322.5 10

11 Mortgages 4.2 4.1 3.6 3.2 2.3 2.0 1.9 11

12 Corporate equities 1392.8 1520.7 1423.8 777.1 805.2 878.8 829.9 12

13 Mutual fund shares 253.4 296.4 338.6 228.0 286.3 318.1 308.0 13

14 Miscellaneous assets 114.3 156.4 190.7 132.4 177.1 199.4 199.1 14

15 Unallocated insurance contracts (1) 88.8 116.5 154.2 119.9 160.5 182.9 182.1 15

16 Contributions receivable 1.8 1.6 1.4 1.3 0.9 0.0 0.7 16

17 Other 23.7 38.2 35.1 11.3 15.7 16.5 16.2 17

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

L.116.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets 3107.3 3553.3 3814.5 2699.2 3366.3 3835.7 3875.2 1

 2 Checkable deposits and currency 5.5 5.7 6.0 6.4 7.7 9.1 9.5 2

 3 Time and savings deposits 20.3 20.8 23.7 22.9 24.3 24.6 24.6 3

 4 Money market fund shares 86.7 90.1 93.5 95.7 96.4 96.3 96.1 4

 5 Security RPs 16.6 17.0 20.1 27.3 30.5 31.4 27.9 5

 6 Credit market instruments 231.4 255.6 273.3 292.1 289.6 319.1 367.1 6

 7 Open market paper 26.4 26.3 26.0 26.1 19.7 13.4 12.5 7

 8 Treasury securities 56.5 59.0 64.9 70.2 98.1 133.9 159.2 8

 9 Agency- and GSE-backed securities 53.5 67.5 68.9 76.6 50.9 50.3 63.9 9

10 Corporate and foreign bonds 89.3 97.4 106.9 111.4 109.6 108.0 118.4 10

11 Mortgages 5.6 5.4 6.6 7.8 11.3 13.5 13.1 11

12 Corporate equities 1048.9 1204.1 1249.5 822.7 1030.6 1202.3 1175.2 12

13 Mutual fund shares 1332.0 1584.0 1772.0 1138.0 1531.0 1803.0 1836.6 13

14 Miscellaneous assets 365.9 376.2 376.4 294.1 356.2 350.0 338.2 14

15 Unallocated insurance contracts (2) 249.6 271.4 277.1 197.7 252.3 274.6 269.2 15

16 Contributions receivable 43.0 41.2 45.8 46.7 49.6 49.1 48.6 16

17 Other 73.3 63.6 53.4 49.7 54.3 26.3 20.4 17

(1) Includes 401(k) type plans.

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

L.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: 3425.0 4207.0 4748.0 3681.0 4363.0 4839.0 4872.0 1

 2 U.S.-chartered depository institutions 229.1 259.6 281.8 326.0 356.7 383.3 403.6 2

 3 Credit unions 49.3 53.2 58.2 65.5 74.2 77.2 78.5 3

 4 Life insurance companies 381.0 406.0 426.0 381.6 405.5 436.0 446.0 4

 5 Money market mutual funds 145.0 179.0 224.0 272.0 230.0 207.0 216.0 5

 6 Mutual funds 1497.0 1770.0 1987.0 1269.0 1659.0 1922.0 1892.0 6

 7 Other self-directed accounts 1123.6 1539.2 1770.9 1366.9 1637.6 1813.5 1835.9 7

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension fund reserves (table L.225), except for those at life insurance companies. Figures for depositories

 (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund

 sector (line 6).