Summary

1

Z.1, December 10, 2015 Flow of Funds Matrix -- All Sectors -- Flows

Households State Domestic Domestic Instrument

and Nonprofit Nonfinancial and Local Federal Nonfinancial Financial Rest of All DiscrepOrganizations Business Governments Government Sectors Sectors the World Sectors ancy

 U S U S U S U S U S U S U S U S 

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

 1 Gross saving less net cap. transfers -- 156000105 -- 146000105 -- 206000105 -- 316000105 -- 386000105 -- 796000105 -- 266000105 -- 896000105 --  2 Capital consumption -- 156300005 -- 146300005 -- 206300003 -- 316300003 -- 386300005 -- 796300005 -- -- -- 896300005 --  3 Net saving (1 less 2) -- 156006305 -- 146006305 -- 206006305 -- 316006305 -- 386006305 -- 796006305 -- 266000105 -- 896006305 --  4 Gross investment (5 plus 11) 155090005 -- 145090005 -- 205090005 -- 315090005 -- 385090005 -- 795090005 -- 265090005 -- 895090005 -- 907005005 5 Capital expenditures 155050005 -- 145050005 -- 205050005 -- 315050005 -- 385050005 -- 795019005 -- 265420005 -- 895050005 -- 906000105 6 Consumer durables 155111003 -- -- -- -- -- -- -- 155111003 -- -- -- -- -- 155111003 -- --  7 Residential 155012005 -- 145012005 -- 215012063 -- 315012065 -- 385012005 -- 645012063 -- -- -- 885012005 -- --  8 Nonresidential 165013005 -- 145013005 -- 215013005 -- 315013005 -- 385013005 -- 795013005 -- -- -- 885013005 -- --  9 Inventory change -- -- 145020005 -- -- -- -- -- 145020005 -- -- -- -- -- 145020005 -- -- 10 Nonproduced nonfinancial assets 155420003 -- 105420005 -- 205420003 -- 315420003 -- 385420005 -- -- -- 265420005 -- -- -- -- 11 Net lending (+) or net borrowing (-) 155000005 -- 145000005 -- 215000005 -- 315000005 -- 385000005 -- 795000005 -- 265000005 -- 895000005 -- 90500000512 Total financial assets 154090005 -- 144090005 -- 214090005 -- 314090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- -- 13 Total liabilities -- 154190005 -- 144190005 -- 214190005 -- 314190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 -- 14 U.S. official reserve assets -- -- -- -- -- -- 313011005 313111303 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 -- 15 SDR certificates -- -- -- -- -- -- -- 713014003 -- 713014003 713014003 -- -- -- 713014003 713014003 -- 16 Treasury currency -- -- -- -- -- -- -- 313112003 -- 313112003 713012003 -- -- -- 713012003 313112003 90301200517 Foreign deposits 153091003 -- 103091003 -- -- -- -- -- 383091005 -- 633091003 -- -- 263191005 893091005 263191005 90309100518 Interbank claims -- -- -- -- -- -- -- -- -- -- 794010005 794110005 264016005 -- 894010005 794110005 90401000519 Checkable dep. and currency 153020005 -- 143020005 -- 213020005 -- 313020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 90302000520 Time and savings deposits 153030005 -- 143030005 -- 213030005 -- 313030003 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 21 Money market fund shares 153034005 -- 143034005 -- 213034003 -- -- -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 22 Fed. funds and security RPs -- -- 102051003 -- 212051003 -- -- -- 382051005 -- 792050005 792150005 262051003 262151003 892050005 892150005 90205000523 Debt securities 154022005 163162003 144022005 104122005 214022005 213162005 314022005 314122005 384022005 384122005 794022005 794122005 264022005 264122005 894122005 894122005 -- 24 Open market paper 163069103 -- 103069100 103169100 213069103 -- -- -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 25 Treasury securities 153061105 -- 143061105 -- 213061105 -- -- 313161105 383061105 313161105 793061105 -- 263061105 -- 313161105 313161105 -- 26 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 213061703 -- 313061703 313161705 383061705 313161705 793061705 423161705 263061705 -- 893161705 893161705 -- 27 Municipal securities 153062005 163162003 143062005 103162000 213062003 213162005 -- -- 383062005 383162005 793062005 -- 263062003 -- 383162005 383162005 -- 28 Corporate and fgn. bonds 153063005 -- -- 103163003 213063003 -- 313063763 -- 383063005 103163003 793063005 793163005 263063005 263163005 893163005 893163005 -- 29 Loans 154023005 154123005 144023005 144123005 213065005 213169203 314023005 313165403 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 30 Depository inst. loans n.e.c. -- 153168005 -- 143168005 -- -- -- -- -- 383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 31 Other loans and advances 153069005 153169005 -- 143169005 -- 213169203 313069005 -- 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 32 Mortgages 153065005 153165005 143065005 143165005 213065005 -- 313065005 313165403 383065005 383165005 793065005 643165005 -- -- 893065005 893065005 -- 33 Consumer credit 163066223 153166000 143066005 -- -- -- 313066220 -- 383066005 153166000 793066005 -- -- -- 153166000 153166000 -- 34 Corporate equities 153064105 -- -- 103164103 213064103 -- 313064105 -- 383064105 103164103 793064105 793164105 263064105 263164103 893064105 893064105 -- 35 Mutual fund shares 153064205 -- 103064203 -- 213064203 -- -- -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 36 Trade credit -- 163170003 143070005 143170005 213070003 213170003 313070000 313170005 383070005 383170005 793070005 663170003 263070003 263170003 893070005 893170005 90307000537 Life insurance reserves 153040005 -- -- -- -- -- -- 313140003 153040005 313140003 793040005 543140005 -- -- 883140005 883140005 -- 38 Pension entitlements 153050005 -- -- -- -- -- -- -- 153050005 -- -- 153050005 -- -- 153050005 153050005 -- 39 Taxes payable -- -- -- 143178005 213078005 -- 313078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 90307800540 Equity in noncorp. business 152090205 -- -- 112090205 -- -- -- -- 152090205 112090205 -- 662090205 -- -- 152090205 152090205 -- 41 U.S. direct investment abroad -- -- 103092005 -- -- -- -- -- 103092005 -- 793092005 -- -- 263192005 263192005 263192005 -- 42 Foreign direct investment in U.S. -- -- -- 143192005 -- -- -- -- -- 143192005 -- 793192005 263092001 -- 263092001 263092001 -- 43 Miscellaneous 153090005 543077073 143090005 143190005 213093003 223073045 313090005 313190005 383090005 383190005 793090005 793190005 -- 263190005 893090005 893190005 90309000544 Sector discrepancies (1 less 4) 157005005 -- 107005005 -- 217005005 -- 317005005 -- 387005005 -- 797005005 -- 267005005 -- 897005005 -- 907005005General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Summary

2

Z.1, December 10, 2015 Flow of Funds Matrix -- All Sectors -- Assets and Liabilities

Households State Domestic Domestic Instrument

and Nonprofit Nonfinancial and Local Federal Nonfinancial Financial Rest of All DiscrepOrganizations Business Governments Government Sectors Sectors the World Sectors ancy

 A L A L A L A L A L A L A L A L 

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)

 1 Total financial assets 154090005 -- 144090005 -- 214090005 -- 314090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- 907005015 2 Total liabilities and equity -- 154190005 -- 144194005 -- 214190005 -- 314190005 -- 384194005 -- 794194005 -- 264194005 -- 894194005 --  3 Total liabilities -- 154190005 -- 144190005 -- 214190005 -- 314190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 --  4 U.S. official reserve assets -- -- -- -- -- -- 313011005 313111303 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 903011005 5 SDR certificates -- -- -- -- -- -- -- 713014003 -- 713014003 713014003 -- -- -- 713014003 713014003 --  6 Treasury currency -- -- -- -- -- -- -- 313112003 -- 313112003 713012003 -- -- -- 713012003 313112003 903012005 7 Foreign deposits 153091003 -- 103091003 -- -- -- -- -- 383091005 -- 633091003 -- -- 263191005 893091005 263191005 903091005 8 Interbank claims -- -- -- -- -- -- -- -- -- -- 794010005 794110005 264016005 -- 894010005 794110005 904010005 9 Checkable dep. and currency 153020005 -- 143020005 -- 213020005 -- 313020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 90302000510 Time and savings deposits 153030005 -- 143030005 -- 213030005 -- 313030003 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 11 Money market fund shares 153034005 -- 143034005 -- 213034003 -- -- -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 12 Fed. funds and security RPs -- -- 102051003 -- 212051003 -- -- -- 382051005 -- 792050005 792150005 262051003 262151003 892050005 892150005 90205000513 Debt securities 154022005 163162003 144022005 104122005 214022005 213162005 314022005 314122005 384022005 384122005 794022005 794122005 264022005 264122005 894122005 894122005 -- 14 Open market paper 163069103 -- 103069100 103169100 213069103 -- -- -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 15 Treasury securities 153061105 -- 143061105 -- 213061105 -- -- 313161105 383061105 313161105 793061105 -- 263061105 -- 313161105 313161105 -- 16 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 213061703 -- 313061703 313161705 383061705 313161705 793061705 423161705 263061705 -- 893161705 893161705 -- 17 Municipal securities 153062005 163162003 143062005 103162000 213062003 213162005 -- -- 383062005 383162005 793062005 -- 263062003 -- 383162005 383162005 -- 18 Corporate and fgn. bonds 153063005 -- -- 103163003 213063003 -- 313063763 -- 383063005 103163003 793063005 793163005 263063005 263163005 893163005 893163005 -- 19 Loans 154023005 154123005 144023005 144123005 213065005 213169203 314023005 313165403 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 20 Depository inst. loans n.e.c. -- 153168005 -- 143168005 -- -- -- -- -- 383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 21 Other loans and advances 153069005 153169005 -- 143169005 -- 213169203 313069005 -- 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 22 Mortgages 153065005 153165005 143065005 143165005 213065005 -- 313065005 313165403 383065005 383165005 793065005 643165005 -- -- 893065005 893065005 -- 23 Consumer credit 163066223 153166000 143066005 -- -- -- 313066220 -- 383066005 153166000 793066005 -- -- -- 153166000 153166000 -- 24 Corporate equities 153064105 -- -- 103164103 213064103 -- 313064105 -- 383064105 103164103 793064105 793164105 263064105 263164103 893064105 893064105 -- 25 Mutual fund shares 153064205 -- 103064203 -- 213064203 -- -- -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 26 Trade credit -- 163170003 143070005 143170005 213070003 213170003 313070000 313170005 383070005 383170005 793070005 663170003 263070003 263170003 893070005 893170005 90307000527 Life insurance reserves 153040005 -- -- -- -- -- -- 313140003 153040005 313140003 793040005 543140005 -- -- 883140005 883140005 -- 28 Pension entitlements 153050005 -- -- -- -- -- -- -- 153050005 -- -- 153050005 -- -- 153050005 153050005 -- 29 Taxes payable -- -- -- 143178005 213078005 -- 313078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 90307800530 Equity in noncorp. business 152090205 -- -- 112090205 -- -- -- -- 152090205 112090205 -- 662090205 -- -- 152090205 152090205 -- 31 U.S. direct investment abroad -- -- 103092005 -- -- -- -- -- 103092005 -- 793092005 -- -- 263192005 263192005 263192005 -- 32 Foreign direct investment in U.S. -- -- -- 143192005 -- -- -- -- -- 143192005 -- 793192005 263092001 -- 263092001 263092001 -- 33 Miscellaneous 153090005 543077073 143090005 143190005 213093003 223073045 313090005 313190005 383090005 383190005 793090005 793190005 -- 263190005 893090005 893190005 903090005General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 24) and equity in noncorporate business (line 30). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability.
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FFA Coded Tables, December 10, 2015
 3

D.1 Debt Growth by Sector 1

In percent; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

Total Total mortgage credit Total Corporate governments government sectors Foreign

 FG384104005 FG154104005 FG153165105 FG153166000 FG144104005 FG104104005 FG214104005 FG314104005 FG794104005 FG264104005

1983 12.1 11.3 10.2 12.1 9.2 8.4 11.4 18.5 13.1 7.4

1984 14.8 12.6 11.4 18.4 16.1 16.6 11.4 16.8 17.7 3.5

1985 16.1 16.8 14.6 15.9 11.0 12.6 31.8 17.7 21.1 0.6

1986 12.0 11.5 13.7 9.1 11.5 13.9 10.9 13.9 24.9 3.0

1987 9.0 9.6 13.4 4.8 7.8 8.9 12.0 8.7 15.9 3.3

1988 9.2 9.8 11.8 6.7 9.9 10.9 6.0 8.6 12.9 -1.2

1989 7.4 8.9 10.9 6.3 6.3 7.3 5.3 7.6 10.7 -2.0

1990 6.6 6.9 8.8 1.9 3.6 5.3 5.0 11.0 8.6 2.8

1991 4.7 5.5 7.0 -1.1 -2.1 -2.1 9.2 11.2 7.0 3.4

1992 4.7 5.3 6.5 1.1 -0.3 0.6 1.5 10.9 8.0 4.0

1993 5.9 6.5 5.5 7.4 3.1 5.3 5.3 8.4 10.4 15.8

1994 5.2 7.6 5.6 15.2 5.4 7.1 -3.9 5.1 13.4 -4.5

1995 4.9 7.0 4.9 14.4 5.9 6.7 -5.5 4.2 11.8 15.3

1996 5.2 6.9 6.2 9.0 5.4 5.2 -2.0 4.8 13.0 14.1

1997 5.5 6.5 6.1 5.5 8.5 8.6 4.9 1.5 12.1 10.8

1998 6.6 7.7 8.0 7.2 11.5 10.8 6.2 -0.3 19.8 4.5

1999 6.6 9.1 9.4 7.8 10.5 9.6 3.3 -0.7 16.8 1.8

2000 4.8 8.8 8.7 11.4 9.1 8.3 1.4 -6.3 11.7 7.5

2001 5.9 8.7 10.6 8.6 5.2 3.8 8.8 1.3 10.5 -2.4

2002 6.7 9.8 13.3 5.6 2.2 0.1 11.1 6.8 8.6 6.3

2003 7.7 12.1 14.5 5.3 1.1 0.1 8.3 9.5 11.2 1.8

2004 9.1 11.7 13.5 5.6 5.6 3.0 11.4 8.3 9.3 8.6

2005 8.6 10.6 13.4 4.5 8.1 5.3 5.8 6.6 8.9 8.1

2006 8.4 10.5 11.2 5.2 9.8 7.4 3.9 3.9 10.5 21.2

2007 8.1 7.2 7.4 6.1 12.4 11.5 5.5 4.7 13.7 15.7

2008 5.7 -0.1 0.9 1.3 5.8 4.1 0.6 21.4 4.5 -9.9

2009 3.4 0.3 0.6 -3.9 -4.3 -5.4 4.0 20.4 -9.7 13.8

2010 4.3 -0.6 -1.7 -1.0 -0.9 -1.2 2.3 18.5 -5.3 7.4

2011 3.5 -0.5 -0.7 4.1 3.0 5.9 -1.7 10.8 -2.1 7.7

2012 5.0 2.0 -0.7 6.1 4.8 4.9 -0.2 10.1 -2.6 7.8

2013 4.0 1.8 -0.0 6.0 5.1 6.6 -1.3 6.7 1.9 8.6

2014 4.4 3.1 0.5 7.0 6.2 6.9 -0.5 5.4 2.3 4.7

2009 -- Q1 3.6 -0.8 1.3 -3.0 -2.7 -3.7 2.5 21.7 -11.5 4.8

 Q2 5.1 0.7 0.7 -5.9 -3.6 -4.2 4.7 25.0 -12.0 12.5

 Q3 3.0 0.5 -0.1 -3.2 -5.6 -7.3 3.7 17.7 -8.8 10.8

 Q4 1.9 0.7 0.6 -3.8 -5.4 -6.9 4.6 11.7 -7.2 22.1

2010 -- Q1 3.5 -2.6 -3.9 -3.1 -1.6 -2.0 3.1 18.8 -6.1 8.0

 Q2 4.7 0.3 -0.6 -2.6 -3.4 -5.2 -0.1 21.5 -6.7 -3.1

 Q3 4.6 -0.7 -1.7 0.1 1.9 3.2 1.8 15.4 -4.2 5.6

 Q4 4.3 0.7 -0.9 1.6 -0.5 -0.5 4.5 13.8 -5.3 17.5

2011 -- Q1 2.7 1.0 -0.7 4.0 1.6 3.6 -2.9 7.6 -0.8 15.6

 Q2 1.8 -1.4 -0.6 3.3 3.3 6.5 -3.6 5.9 -2.4 15.3

 Q3 5.2 -2.1 -0.8 4.0 3.5 6.7 -0.2 17.2 -1.7 -3.2

 Q4 4.3 0.4 -0.8 4.8 3.4 6.3 -0.2 10.9 -3.5 2.4

2012 -- Q1 5.3 2.0 -0.8 5.3 4.0 3.8 -0.2 11.5 -3.6 -0.4

 Q2 5.5 1.9 -0.6 7.2 3.8 3.2 1.4 11.9 -3.9 2.4

 Q3 3.8 1.1 -0.8 5.3 4.2 4.0 0.2 7.2 -1.7 13.9

 Q4 5.3 2.9 -0.7 6.3 6.7 8.2 -2.2 8.3 -1.3 13.8

2013 -- Q1 4.4 1.0 -0.6 5.9 3.6 4.5 1.7 9.3 -0.6 13.5

 Q2 2.2 1.3 0.2 5.5 5.0 6.4 -1.1 1.6 1.6 3.2

 Q3 3.2 3.3 0.8 6.5 7.4 10.1 -3.0 0.9 0.5 7.4

 Q4 6.1 1.5 -0.4 5.7 4.2 5.0 -2.8 14.4 6.1 9.9

2014 -- Q1 4.1 1.9 -0.2 6.3 6.1 8.7 -1.7 5.7 -0.5 5.0

 Q2 4.2 5.2 0.5 8.2 5.1 4.9 0.1 3.5 2.5 13.2

 Q3 4.5 3.0 0.4 6.9 6.0 7.0 -1.7 6.0 3.9 1.4

 Q4 4.7 2.2 1.1 6.1 7.0 6.5 1.5 5.9 3.3 -1.0

2015 -- Q1 2.5 1.8 0.0 5.6 7.2 8.0 4.3 -1.1 -1.0 10.2

 Q2 4.6 4.2 2.4 8.5 8.4 8.8 1.0 2.4 2.4 3.5

 Q3 2.0 1.5 1.6 7.2 4.7 4.3 1.7 0.2 2.1 -8.3

1. Debt securities and loans. Data shown are on an end-of-period basis.
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4 FFA Coded Tables, December 10, 2015


D.2 Borrowing by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

Total Total mortgage credit Total Corporate governments government sectors Foreign

 FA384104005 FA154104005 FA153165105 FA153166000 FA144104005 FA104104005 FA214104005 FA314104005 FA794104005 FA264104005

1983 593.6 180.8 105.2 48.2 165.7 94.4 47.3 199.8 107.5 16.7

1984 810.6 221.6 127.6 81.7 320.8 207.1 52.5 215.7 164.7 8.0

1985 1014.1 330.3 181.7 84.0 254.7 184.3 163.6 265.6 232.8 1.4

1986 880.9 266.3 199.4 55.8 294.9 227.7 74.2 245.5 333.6 10.2

1987 735.6 247.3 221.6 32.3 223.7 165.6 90.4 174.2 267.8 11.4

1988 820.8 274.0 215.6 46.6 308.5 224.4 50.4 187.9 253.8 -4.4

1989 717.9 275.4 224.9 47.0 214.3 165.9 47.4 180.9 236.9 -7.9

1990 688.4 229.8 200.0 15.1 131.3 131.0 47.1 280.2 212.3 11.1

1991 527.2 199.9 174.5 -8.8 -80.5 -54.3 91.2 316.6 189.9 13.4

1992 552.5 202.7 173.0 9.2 -10.5 16.0 16.5 343.8 229.9 16.4

1993 727.1 262.2 156.3 61.4 113.7 134.3 57.9 293.2 326.7 67.5

1994 675.5 323.3 166.5 135.0 204.3 189.8 -45.5 193.5 462.7 -23.2

1995 665.0 323.1 153.6 147.0 237.5 192.2 -60.8 165.3 463.7 76.4

1996 752.4 340.6 205.1 105.7 232.3 161.9 -20.5 200.0 570.7 89.0

1997 839.0 343.6 215.9 70.3 381.2 279.3 50.8 63.4 603.4 77.7

1998 1047.5 433.8 301.5 97.1 558.2 379.2 66.8 -11.4 1097.0 36.0

1999 1123.5 549.0 379.2 112.4 567.3 373.5 37.3 -30.1 1114.7 15.4

2000 874.5 581.6 383.5 176.5 551.0 358.5 16.9 -275.0 908.0 60.5

2001 1128.6 627.4 508.2 150.6 340.6 177.1 105.5 55.2 914.0 -21.1

2002 1345.4 763.9 706.0 105.2 154.8 3.0 144.6 282.1 836.5 53.6

2003 1657.5 1039.0 872.1 105.9 77.3 3.4 120.5 420.7 1178.3 17.2

2004 2113.1 1133.4 934.7 117.2 398.1 143.3 178.8 402.8 1074.2 99.1

2005 2242.2 1145.2 1053.0 100.4 608.4 266.7 141.7 346.9 1124.3 103.9

2006 2384.5 1261.0 997.6 120.4 803.5 388.1 100.9 219.1 1436.7 286.7

2007 2479.5 946.6 733.5 151.3 1115.8 652.6 146.7 270.4 2068.0 260.9

2008 1892.4 -15.4 93.3 34.9 587.3 261.8 17.9 1302.5 779.8 -198.2

2009 1203.5 40.0 66.8 -103.6 -455.3 -358.2 113.0 1505.8 -1740.1 222.2

2010 1546.3 -78.9 -182.2 -25.3 -90.2 -70.8 69.5 1645.9 -881.7 149.0

2011 1313.0 -70.8 -73.0 108.6 297.8 354.6 -52.7 1138.7 -318.0 172.8

2012 1923.4 260.3 -69.3 169.4 487.8 312.5 -5.3 1180.6 -386.9 195.0

2013 1608.3 235.1 -0.3 175.9 554.8 446.5 -38.9 857.3 275.0 243.3

2014 1842.7 418.3 44.3 218.4 702.1 494.0 -13.7 735.9 343.3 140.3

2009 -- Q1 1272.9 -116.1 138.7 -78.7 -287.3 -245.8 72.6 1603.7 -2075.5 77.7

 Q2 1797.6 103.4 73.4 -153.9 -386.0 -273.3 136.4 1943.7 -2149.7 201.6

 Q3 1057.7 74.0 -9.3 -82.6 -590.6 -474.1 108.9 1465.3 -1519.2 189.3

 Q4 685.9 98.6 64.5 -99.1 -557.4 -439.7 134.1 1010.6 -1216.2 420.2

2010 -- Q1 1245.1 -352.5 -407.6 -78.4 -161.0 -123.1 92.0 1666.6 -1004.1 160.9

 Q2 1691.7 40.3 -63.8 -65.6 -342.2 -322.0 -1.6 1995.2 -1057.9 -63.6

 Q3 1664.1 -93.4 -171.1 2.8 191.9 195.0 53.0 1512.6 -648.3 115.3

 Q4 1584.4 89.9 -86.2 39.7 -49.5 -32.9 134.8 1409.3 -816.3 383.3

2011 -- Q1 1013.4 133.5 -70.6 106.8 163.0 219.3 -87.4 804.3 -117.0 351.5

 Q2 678.2 -183.8 -58.7 89.5 332.3 394.5 -108.7 638.3 -364.5 360.0

 Q3 1925.7 -287.5 -81.6 106.7 348.6 412.1 -7.3 1871.8 -260.1 -80.5

 Q4 1634.6 54.6 -81.2 131.3 347.2 392.4 -7.4 1240.2 -530.3 60.2

2012 -- Q1 2015.4 267.2 -75.5 145.1 407.3 244.1 -4.5 1345.4 -534.3 -10.7

 Q2 2122.0 252.2 -55.9 200.5 394.0 205.9 42.4 1433.4 -570.6 60.6

 Q3 1479.3 141.3 -78.1 149.8 437.6 259.4 6.5 893.9 -243.7 354.4

 Q4 2076.8 380.5 -67.8 182.3 712.1 540.7 -65.4 1049.6 -198.8 375.8

2013 -- Q1 1765.6 129.3 -55.6 173.4 391.7 304.9 49.5 1195.1 -95.3 384.0

 Q2 899.7 175.0 14.5 161.8 548.9 432.6 -33.3 209.1 233.9 93.2

 Q3 1281.6 436.0 77.8 194.3 810.3 698.0 -88.3 123.7 67.9 208.6

 Q4 2486.4 200.1 -37.8 174.2 468.2 350.4 -83.3 1901.3 893.4 287.5

2014 -- Q1 1680.4 255.1 -17.3 194.0 690.2 620.0 -49.7 784.7 -73.3 146.9

 Q2 1769.3 699.9 45.9 257.8 585.7 356.4 1.6 482.1 374.4 400.8

 Q3 1906.8 416.9 41.6 222.8 702.1 513.9 -50.9 838.7 577.4 44.8

 Q4 2014.4 301.3 106.9 199.0 830.6 485.4 44.3 838.2 494.8 -31.5

2015 -- Q1 1087.3 253.6 0.3 184.8 863.1 608.0 126.9 -156.3 -151.0 317.4

 Q2 1989.3 585.1 225.5 285.8 1024.9 685.0 29.3 350.0 368.1 113.0

 Q3 871.1 211.4 147.3 246.3 585.9 342.9 51.6 22.2 324.3 -262.6

1. Debt securities and loans.
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FFA Coded Tables, December 10, 2015
 5

D.3 Debt Outstanding by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

Total Total mortgage credit Total Corporate governments government sectors Foreign

 LA384104005 LA154104005 LA153165105 LA153166000 LA144104005 LA104104005 LA214104005 LA314104005 LA794104005 LA264104005

1983 5492.1 1754.0 1116.4 444.9 1996.2 1247.2 461.1 1280.8 931.1 228.2

1984 6302.3 1971.6 1243.3 526.6 2320.6 1458.0 513.6 1496.5 1104.5 228.1

1985 7334.6 2322.7 1450.2 610.6 2572.0 1638.9 677.9 1762.0 1338.2 335.0

1986 8212.6 2586.9 1649.0 666.4 2866.0 1865.8 752.1 2007.5 1679.8 346.1

1987 8930.6 2788.9 1828.6 698.6 3117.4 2059.2 842.6 2181.7 1959.9 357.2

1988 9747.9 3079.8 2054.8 745.2 3405.5 2263.5 893.0 2369.6 2213.7 393.1

1989 10482.9 3347.6 2260.1 809.3 3644.3 2454.1 940.4 2550.5 2479.1 389.2

1990 11198.6 3606.6 2489.3 824.4 3773.8 2583.3 987.4 2830.8 2694.5 396.2

1991 11722.5 3810.1 2667.4 815.6 3686.4 2524.4 1078.6 3147.4 2884.4 406.2

1992 12278.2 4012.8 2840.4 824.8 3679.1 2543.6 1095.1 3491.1 3129.9 425.8

1993 13020.0 4277.4 2999.0 886.2 3805.2 2690.4 1153.0 3784.3 3462.0 520.6

1994 13701.9 4600.1 3165.5 1021.2 4016.5 2887.2 1107.5 3977.8 3932.7 500.4

1995 14382.8 4923.1 3319.2 1168.2 4269.8 3095.2 1046.7 4143.1 4399.4 630.7

1996 15135.2 5276.8 3537.3 1273.9 4489.1 3244.1 1026.2 4343.1 4970.2 720.9

1997 15972.1 5620.4 3753.2 1344.2 4868.3 3521.3 1076.9 4406.5 5553.4 801.7

1998 17019.5 6054.2 4054.7 1441.3 5426.5 3900.4 1143.8 4395.1 6650.4 842.4

1999 18177.4 6603.2 4431.6 1553.6 6028.2 4308.3 1181.0 4365.0 7762.8 803.9

2000 19061.7 7194.7 4813.9 1741.3 6579.1 4666.9 1197.9 4090.0 8671.9 867.6

2001 20173.4 7822.0 5322.0 1891.8 6902.7 4827.0 1303.4 4145.2 9712.1 849.4

2002 21518.7 8585.9 6028.0 1997.0 7057.6 4830.0 1447.9 4427.3 10548.6 955.7

2003 23220.4 9655.0 6909.9 2102.9 7149.0 4847.5 1568.4 4848.0 11562.2 1156.6

2004 26065.5 10808.4 7859.5 2220.1 7558.0 5001.7 2448.2 5250.9 12651.2 1285.2

2005 28294.6 11953.6 8912.5 2320.6 8166.4 5268.4 2589.8 5584.8 13721.0 1350.5

2006 30723.5 13238.1 9910.2 2461.3 8990.7 5677.3 2690.8 5803.9 15124.7 1657.9

2007 33179.8 14156.6 10613.0 2615.1 10111.4 6336.3 2837.5 6074.3 17303.5 1996.6

2008 34934.3 14015.0 10580.1 2650.0 10687.1 6593.2 2855.4 7376.8 18003.2 1604.4

2009 35749.7 13762.5 10419.3 2552.3 10136.2 6150.8 2968.4 8882.6 16537.3 2005.9

2010 37039.1 13508.6 9915.4 2646.9 9964.0 6013.2 3038.0 10528.6 15297.6 2257.9

2011 38203.5 13296.6 9695.8 2755.4 10254.4 6367.8 2985.3 11667.3 14901.6 2484.9

2012 39963.8 13354.7 9486.1 2922.9 10781.2 6723.8 2980.0 12847.8 14700.1 2834.0

2013 41453.0 13502.0 9398.0 3098.8 11304.7 7143.4 2941.1 13705.1 14907.9 2958.2

2014 43248.7 13875.4 9397.4 3317.2 12004.7 7637.9 2927.5 14441.1 15231.9 3125.6

2009 -- Q1 35143.5 13869.6 10569.0 2630.4 10622.6 6541.2 2873.5 7777.7 17908.2 1610.3

 Q2 35539.1 13844.5 10530.6 2597.7 10523.2 6472.9 2907.7 8263.7 17337.1 1751.0

 Q3 35737.3 13800.1 10465.4 2577.0 10372.4 6354.4 2934.9 8630.0 16925.1 1900.5

 Q4 35749.7 13762.5 10419.3 2552.3 10136.2 6150.8 2968.4 8882.6 16537.3 2005.9

2010 -- Q1 36071.3 13668.7 10269.4 2536.3 10112.0 6137.3 2991.4 9299.3 15751.8 2067.7

 Q2 36444.4 13631.3 10206.0 2519.9 10024.0 6056.7 2991.0 9798.1 15464.4 2056.4

 Q3 36816.6 13566.4 10121.7 2520.6 10069.7 6105.5 3004.3 10176.2 15281.7 2195.1

 Q4 37039.1 13508.6 9915.4 2646.9 9964.0 6013.2 3038.0 10528.6 15297.6 2257.9

2011 -- Q1 37251.5 13503.0 9858.8 2673.6 10002.8 6067.9 3016.1 10729.6 15249.6 2349.2

 Q2 37385.9 13423.8 9805.5 2695.9 10083.9 6166.6 2988.9 10889.2 15134.6 2478.3

 Q3 37830.8 13317.2 9750.4 2722.6 10169.3 6269.6 2987.1 11357.2 15051.1 2457.6

 Q4 38203.5 13296.6 9695.8 2755.4 10254.4 6367.8 2985.3 11667.3 14901.6 2484.9

2012 -- Q1 38666.4 13331.1 9642.3 2791.7 10347.6 6419.5 2984.1 12003.6 14813.8 2527.8

 Q2 39153.6 13352.6 9588.8 2839.8 10444.4 6470.9 2994.7 12362.0 14651.1 2557.7

 Q3 39478.2 13292.5 9533.6 2877.3 10603.9 6587.7 2996.4 12585.4 14757.8 2719.9

 Q4 39963.8 13354.7 9486.1 2922.9 10781.2 6723.8 2980.0 12847.8 14700.1 2834.0

2013 -- Q1 40377.6 13360.8 9445.9 2966.2 10877.8 6800.0 2992.4 13146.6 14660.7 2894.5

 Q2 40576.8 13380.0 9425.0 3006.7 11013.8 6908.1 2984.0 13198.9 14704.2 2829.9

 Q3 40863.8 13468.1 9423.6 3055.3 11203.9 7071.2 2962.0 13229.8 14705.5 2900.5

 Q4 41453.0 13502.0 9398.0 3098.8 11304.7 7143.4 2941.1 13705.1 14907.9 2958.2

2014 -- Q1 41858.2 13551.8 9379.7 3147.3 11476.4 7298.2 2928.7 13901.3 14881.0 3027.6

 Q2 42288.0 13714.9 9379.3 3211.8 11622.2 7387.3 2929.1 14021.8 14968.3 3186.5

 Q3 42747.6 13807.6 9378.2 3267.5 11792.1 7510.8 2916.4 14231.5 15111.6 3137.3

 Q4 43248.7 13875.4 9397.4 3317.2 12004.7 7637.9 2927.5 14441.1 15231.9 3125.6

2015 -- Q1 43502.7 13921.8 9380.5 3363.4 12219.6 7789.7 2959.2 14402.0 15187.4 3203.7

 Q2 43988.9 14057.6 9426.3 3434.9 12475.3 7961.0 2966.5 14489.5 15273.4 3178.8

 Q3 44197.3 14101.5 9454.3 3496.4 12621.4 8046.7 2979.4 14495.0 15348.5 3074.0

1. Debt securities and loans. Data shown are on an end-of-period basis.
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6 FFA Coded Tables, December 10, 2015

B.1 Derivation of U.S. Net Wealth

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

2011 2012 2013 2014

 

 1 FL892090005 U.S. net wealth (1) 59186.3 64482.9 74396.3 78490.9 1

 2 FL152010005 Households’ direct holdings of nonfinancial assets 23445.0 25143.6 27700.8 29150.3 2

 3 LM155035005 Real estate 18319.3 19877.0 22332.5 23666.5 3

 4 FL165015205 Equipment (nonprofits) 293.0 301.8 309.1 320.0 4

 5 FL165013765 Intellectual property products (nonprofits) 109.4 115.9 121.5 125.9 5

 6 FL155111005 Consumer durable goods 4723.3 4848.9 4937.8 5037.8 6

 7 FL112010005 Nonfin. noncorporate businesses nonfinancial assets 9229.5 9954.1 11032.5 11718.3 7

 8 LM115035005 Real estate 8000.8 8687.4 9725.9 10353.4 8

 9 FL115015205 Equipment 740.7 772.6 804.9 838.2 9

 10 FL115013765 Intellectual property products 196.6 204.7 214.6 223.3 10

 11 FL115020005 Inventories 291.3 289.3 287.1 303.3 11

 12 FL662090205 Fin. noncorporate businesses nonfinancial assets (2) 11.9 17.3 15.9 17.5 12

 13 LM883164105 Market value of domestic corporations (3) 17944.7 20532.2 27074.1 30054.2 13

 14 LM103164103 Nonfinancial corporate equity 13892.2 15584.8 20612.7 22733.5 14

 15 LM793164105 Financial corporate equity 4052.5 4947.4 6461.4 7320.7 15

 16 FL312010095 Federal government nonfinancial assets (4) 3066.8 3137.2 3206.4 3258.6 16

 17 FL315014665 Structures 1406.9 1439.8 1480.6 1507.9 17

 18 FL315013265 Equipment 711.0 726.6 732.7 742.0 18

 19 FL315013765 Intellectual property products 948.9 970.8 993.1 1008.7 19

 20 FL212010095 State and local governments nonfinancial assets (4) 9068.6 9384.7 9718.9 9980.2 20

 21 FL215014665 Structures 8711.9 9022.9 9350.3 9603.7 21

 22 FL215013265 Equipment 246.5 246.7 248.4 252.1 22

 23 FL215013765 Intellectual property products 110.2 115.2 120.1 124.4 23

 24 FL882090265 Net U.S. financial claims on the rest of the world -3580.1 -3686.2 -4352.3 -5688.1 24

 25 FL264194005 U.S. financial claims on the rest of the world 13932.9 15276.4 16784.2 17304.5 25

 26 LM263164103 U.S. holdings of foreign corporate equities 4501.4 5321.9 6472.9 6719.7 26

 27 FL264190005 Other U.S. financial claims 9431.5 9954.6 10311.3 10584.8 27

 28 FL264090005 Less: Foreign financial claims on U.S. 17513.0 18962.6 21136.5 22992.6 28

 29 LM263064105 Foreign holdings of U.S. corporate equities 3397.2 3953.0 5204.4 5945.2 29

 30 FL264090035 Other foreign financial claims 14115.8 15009.6 15932.1 17047.5 30

 Memo:

 31 FL892090005 A. U.S. net wealth (line 1) 59186.3 64482.9 74396.3 78490.9 31

 32 FC892090005 Change in U.S. net wealth -625.6 5296.5 9913.4 4094.6 32

 33 PC892090005 Percent change in U.S. net wealth -1.0 8.9 15.4 5.5 33

 34 FL152090005 B. Household net worth (5) 63404.3 69569.0 79369.4 84133.9 34

 35 FC152090005 Change in household net worth 1157.5 6164.7 9800.5 4764.5 35

 36 PC152090005 Percent change in household net worth 1.9 9.7 14.1 6.0 36

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

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

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

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

 because of differences in the valuation of assets.

(4) Excludes land and nonproduced nonfinancial assets.

(5) Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
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FFA Coded Tables, December 10, 2015 7

F.2 Distribution of Gross Domestic Product (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2011 2012 2013 2014

 

 1 FA086902005 Gross Domestic Product (GDP) 15517.9 16155.3 16663.2 17348.1 1

 2 FA156901001 Personal consumption expenditures (2) 10689.3 11050.6 11392.3 11865.9 2

 3 FA155011001 Durable goods 1125.3 1191.9 1237.8 1280.2 3

 4 FA156901035 Nondurable goods 2471.1 2547.2 2598.9 2668.2 4

 5 FA156901041 Services 7092.8 7311.5 7555.5 7917.5 5

 6 FA835019905 Gross private domestic investment 2239.9 2511.7 2665.0 2860.0 6

 7 FA835019005 Fixed investment (3) 2198.1 2449.9 2593.2 2782.9 7

 8 FA835013001 Nonresidential 1812.1 2007.7 2084.3 2233.7 8

 9 FA165013005 Household sector (nonprofit organizations) 130.8 137.4 133.7 139.7 9

 10 FA105013005 Nonfinancial corporate business 1299.2 1434.5 1491.7 1603.3 10

 11 FA115013005 Nonfinancial noncorporate business 214.6 243.7 252.8 268.1 11

 12 FA795013005 Financial institutions 167.5 192.1 206.1 222.6 12

 13 FA835012001 Residential 386.0 442.2 508.9 549.2 13

 14 FA155012005 Household sector 321.1 367.9 424.6 456.6 14

 15 FA105012005 Nonfinancial corporate business -1.8 0.2 -8.4 -0.4 15

 16 FA115012005 Nonfinancial noncorporate business 60.2 68.9 78.0 85.6 16

 17 FA645012063 REITs 6.5 5.3 14.7 7.4 17

 18 FA145020005 Change in private inventories 41.8 61.8 71.8 77.1 18

 19 FA105020005 Nonfinancial corporate business 34.9 65.8 55.2 63.2 19

 20 FA115020005 Nonfinancial noncorporate business 6.8 -4.0 16.6 13.9 20

 21 FA266903005 Net U.S. exports of goods and services -580.0 -565.7 -508.4 -530.0 21

 22 FA266903011 Exports 2106.4 2198.2 2263.3 2341.9 22

 23 FA266903001 - Imports 2686.4 2763.8 2771.7 2871.9 23

 Government consumption expenditures and

 24 FA366902005 gross investment 3168.7 3158.6 3114.2 3152.1 24

 25 FA366901005 Consumption expenditures (4) 2530.9 2544.1 2522.0 2556.3 25

 26 FA316901001 Federal 1006.1 1007.8 961.3 955.3 26

 27 FA206901001 State and local 1524.8 1536.3 1560.7 1601.0 27

 28 FA365019005 Gross investment (4) 637.9 614.4 592.3 595.8 28

 29 FA315019003 Federal 297.4 284.7 269.4 264.6 29

 30 FA205019001 State and local 340.5 329.7 322.9 331.3 30

 Memo:

 31 FA266904005 Net U.S. income receipts from rest of world 246.6 237.6 250.4 263.1 31

 32 FA266904001 U.S. income receipts 792.6 801.5 826.2 854.3 32

 33 FA266904101 - U.S. income payments 546.0 563.9 575.8 591.2 33

 Gross National Product (GNP) =

 34 FA086902105 GDP + net U.S. income receipts 15764.6 16392.8 16913.5 17611.2 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 FA155420003 Household sector -7.8 -7.9 -8.2 -8.4 35

 36 FA105420005 Nonfinancial corporate business -0.5 0.8 1.0 1.2 36

 37 FA315420003 Federal government -0.9 -2.0 -2.4 -2.7 37

 38 FA205420003 State and local governments 9.2 9.1 9.6 9.9 38

 39 FA265420005 Rest of the world -0.0 -0.1 0.0 -0.0 39

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

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

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

(4) Government inventory investment is included in consumption expenditures.
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8 FFA Coded Tables, December 10, 2015

F.3 Distribution of National Income (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2011 2012 2013 2014

 

 1 FA086010005 National Income 13352.3 14061.9 14458.3 15076.5 1

 2 FA156025105 Compensation of employees 8269.0 8609.9 8839.7 9248.9 2

 3 FA156020101 Wages and salaries 6633.2 6930.3 7114.4 7477.8 3

 4 FA156401101 Supplements to wages and salaries 1635.9 1679.6 1725.3 1771.2 4

 5 FA146111105 Proprietors’ income with IVA and CCAdj 1143.7 1241.4 1285.1 1346.7 5

 6 FA116112103 Rental income of persons with CCAdj 485.3 525.3 563.4 610.8 6

 7 FA096060035 Corporate profits with IVA and CCAdj 1816.6 1998.2 2037.4 2072.9 7

 8 FA096060025 Corporate profits with IVA 1738.5 2116.6 2164.9 2204.8 8

 9 FA096060005 Profits before tax 1806.8 2130.8 2161.6 2207.8 9

 10 FA106060005 Domestic nonfinancial 1008.9 1241.4 1323.2 1366.1 10

 11 FA796060005 Domestic financial 375.9 479.0 423.6 423.4 11

 12 FA266060005 Rest of the world 421.9 410.3 414.8 418.2 12

 Less:

 13 FA096231001 Taxes on corporate income 379.1 447.6 468.9 513.9 13

 14 FA106231005 Domestic nonfinancial 228.8 266.7 284.6 316.2 14

 15 FA796231003 Domestic financial 150.3 180.9 184.3 197.6 15

 Equals:

 16 FA096060015 Profits after tax 1427.7 1683.2 1692.7 1693.9 16

 17 FA096121073 Net dividends 703.7 859.4 924.0 860.0 17

 18 FA106121075 Domestic nonfinancial 441.0 517.9 525.2 573.8 18

 19 FA796121073 Domestic financial 107.7 162.2 252.5 150.6 19

 20 FA266121073 Rest of the world 154.9 179.3 146.3 135.6 20

 21 FA096006401 Undistributed profits 724.0 823.8 768.7 833.9 21

 22 FA106006405 Domestic nonfinancial 339.1 456.8 513.3 476.1 22

 23 FA796006403 Domestic financial 117.9 136.0 -13.1 75.2 23

 24 FA266006403 Rest of the world 267.0 231.0 268.5 282.6 24

 25 FA105020601 Inventory valuation adjustment (IVA) -68.3 -14.2 3.2 -2.9 25

 26 FA096310003 Capital consumption adjustment (CCAdj) 78.1 -118.5 -127.5 -131.9 26

 27 FA106310005 Domestic nonfinancial 98.3 -77.6 -89.6 -92.1 27

 28 FA796310003 Domestic financial -20.2 -40.9 -37.9 -39.8 28

 29 FA086130003 Net interest and miscellaneous payments 488.1 527.7 513.5 532.3 29

 30 FA366240005 Taxes on production and imports 1102.6 1132.1 1178.0 1213.7 30

 31 FA366402005 Less: Subsidies 60.1 58.0 59.4 57.9 31

 32 FA146403005 Business current transfer payments (net) 131.5 104.7 119.4 127.3 32

 33 FA156403101 To persons (net) 50.2 42.7 41.2 42.0 33

 34 FA366403145 To government (net) 89.2 72.5 91.9 94.8 34

 35 FA266403101 To rest of the world (net) -7.9 -10.6 -13.7 -9.5 35

 36 FA366402105 Current surplus of government enterprises -24.5 -19.3 -18.8 -18.3 36

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

 37 FA086010005 National Income, from line 1 above 13352.3 14061.9 14458.3 15076.5 37

 Plus:

 38 FA836300005 Private consumption of fixed capital 1971.1 2038.0 2126.6 2229.9 38

 39 FA366300005 Government consumption of fixed capital 479.6 496.2 506.2 516.8 39

 40 FA087005005 Statistical discrepancy -38.3 -203.3 -177.6 -212.0 40

 Less:

 41 FA266904005 Net U.S. income receipts from rest of world 246.6 237.6 250.4 263.1 41

 Equals:

 42 FA086902005 Gross Domestic Product 15517.9 16155.3 16663.2 17348.1 42

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
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FFA Coded Tables, December 10, 2015 9

F.4 Saving and Investment by Sector (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2011 2012 2013 2014

 

 1 FA886000115 Gross saving 2434.6 2861.2 3039.2 3266.8 1

 2 FA896006005 Net saving -16.1 327.0 406.3 520.1 2

 3 FA836006005 Net private saving 1444.0 1637.9 1234.4 1319.2 3

 4 FA826006005 Domestic business 733.9 691.2 644.5 699.0 4

 5 FA106012005 Nonfinancial corporate business 584.2 556.3 650.7 618.5 5

 6 FA796012005 Financial business 149.7 134.8 -6.3 80.5 6

 7 FA156006005 Households and institutions 710.1 946.7 589.9 620.2 7

 8 FA366006005 Net government saving -1460.1 -1310.8 -828.0 -799.2 8

 9 FA316006005 Federal -1244.1 -1090.1 -640.9 -631.5 9

 10 FA206006005 State and local -215.9 -220.8 -187.1 -167.7 10

 11 FA886300095 Consumption of fixed capital 2450.6 2534.2 2632.8 2746.7 11

 12 FA836300005 Private 1971.1 2038.0 2126.6 2229.9 12

 13 FA826300003 Domestic business 1572.8 1633.4 1699.4 1775.2 13

 14 FA106300083 Nonfinancial corporate business 1139.2 1186.2 1232.2 1285.7 14

 15 FA116300001 Nonfinancial noncorporate business 265.0 273.0 284.5 297.5 15

 16 FA796300081 Financial business 168.6 174.2 182.7 192.0 16

 17 FA156300003 Households and institutions 398.2 404.6 427.2 454.8 17

 18 FA366300005 Government 479.6 496.2 506.2 516.8 18

 19 FA316300003 Federal 257.4 264.3 267.7 270.7 19

 20 FA206300003 State and local 222.2 231.9 238.5 246.1 20

 Gross domestic investment, capital account

 21 FA885090015 transactions, and net lending, NIPAs 2396.2 2658.0 2861.5 3054.7 21

 22 FA885019905 Gross domestic investment 2877.8 3126.1 3257.3 3455.9 22

 23 FA835019905 Gross private domestic investment 2239.9 2511.7 2665.0 2860.0 23

 24 FA825019905 Domestic business 1788.0 2006.4 2106.7 2263.8 24

 25 FA105019985 Nonfinancial corporate business 1338.9 1505.7 1553.2 1673.5 25

 26 FA115050085 Nonfinancial noncorporate business 281.7 308.6 347.4 367.6 26

 27 FA795013005 Financial business 167.5 192.1 206.1 222.6 27

 28 FA155019005 Households and institutions 451.9 505.3 558.4 596.2 28

 29 FA365019005 Gross government investment 637.9 614.4 592.3 595.8 29

 30 FA315019003 Federal 297.4 284.7 269.4 264.6 30

 31 FA205019001 State and local 340.5 329.7 322.9 331.3 31

 32 FA265430003 Capital account transactions (net) (2) 1.6 -6.5 0.8 0.5 32

 33 FA835430005 Private -46.7 -24.5 7.0 5.5 33

 34 FA825430005 Domestic business -40.9 -11.5 -4.7 4.5 34

 35 FA105430005 Nonfinancial corporate business -6.9 -16.2 -4.7 -5.5 35

 36 FA115440005 Nonfinancial noncorporate business -1.6 -4.9 -0.0 0.0 36

 37 FA795440005 Financial business -32.4 9.6 0.0 10.0 37

 38 FA155430005 Households and institutions -5.8 -12.9 11.7 0.9 38

 39 FA365430005 Government 48.4 18.0 -6.1 -5.0 39

 40 FA315430005 Federal 113.0 83.0 55.7 56.1 40

 41 FA205430005 State and local -64.6 -65.0 -61.8 -61.1 41

 42 FA885000905 Net lending (+) or net borrowing (-), NIPAs (3) -483.2 -461.7 -396.6 -401.6 42

 43 FA835000905 Private 1183.6 985.3 511.4 471.6 43

 44 FA825000905 Domestic business 521.3 126.5 64.3 -6.1 44

 45 FA105000995 Nonfinancial corporate business (3) 353.1 49.8 156.8 24.2 45

 46 FA115000905 Nonfinancial noncorporate business -15.1 -30.7 -62.8 -70.2 46

 47 FA795000905 Financial business 183.3 107.4 -29.7 39.9 47

 48 FA155000905 Households and institutions 662.3 858.9 447.1 477.8 48

 49 FA365000905 Government -1666.7 -1447.0 -908.0 -873.2 49

 50 FA315000905 Federal -1397.1 -1193.4 -698.3 -681.4 50

 51 FA205000905 State and local -269.6 -253.6 -209.7 -191.8 51

 52 FA087005005 Statistical discrepancy (line 21 less line 1) -38.3 -203.3 -177.6 -212.0 52

 Addenda:

 53 FA895404005 Disaster losses 0.0 45.9 0.0 0.0 53

 54 FA835404005 Private 0.0 38.3 0.0 0.0 54

 55 FA825404003 Domestic business 0.0 17.5 0.0 0.0 55

 56 FA155404003 Households and institutions 0.0 20.9 0.0 0.0 56

 57 FA365404005 Government 0.0 7.6 0.0 0.0 57

 58 FA315404003 Federal 0.0 0.0 0.0 0.0 58

 59 FA215404003 State and local 0.0 7.6 0.0 0.0 59

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

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

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

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
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10 FFA Coded Tables, December 10, 2015

F.5 Net Capital Transfers (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2011 2012 2013 2014

 

 1 FA895410005 Capital transfers paid, by sector 137.9 140.0 105.0 111.4 1

 2 FA825410005 By private business 0.0 14.3 0.0 10.0 2

 3 FA795410005 Financial corporations 0.0 14.3 0.0 10.0 3

 4 FA515410073 Disaster-related insurance benefits 0.0 14.3 0.0 0.0 4

 5 FA795410003 Other 0.0 0.0 0.0 10.0 5

 6 FA105410003 Nonfinancial corporations 0.0 0.0 0.0 0.0 6

 7 FA115410003 Noncorporate business 0.0 0.0 0.0 0.0 7

 8 FA365410005 By government 123.5 99.0 79.0 77.6 8

 9 FA315410005 Federal 123.5 99.0 79.0 77.6 9

 10 FA205400033 Investment grants to state and local govts. 69.1 66.6 66.3 66.0 10

 11 FA315410073 Disaster-related insurance benefits 0.0 7.6 0.0 0.0 11

 12 FA315410093 Financial stabilization payments 32.4 4.7 0.0 0.0 12

 13 FA315410043 Other capital transfers paid to business 8.0 8.5 5.7 6.7 13

 14 FA315410053 Other capital transfers paid to persons 12.4 10.5 6.1 4.5 14

 15 FA315410063 Capital transfers paid to rest of world (net) 1.6 1.1 0.8 0.4 15

 16 FA205410073 State and local 0.0 0.0 0.0 0.0 16

 17 FA205410073 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 17

 18 FA155410035 By persons 14.4 19.0 26.0 23.8 18

 19 FA315400053 Estate and gift taxes, federal 9.6 14.1 20.9 18.8 19

 20 FA205400053 Estate and gift taxes, state and local 4.7 4.9 5.1 5.0 20

 21 FA265410005 By the rest of the world 0.0 7.7 0.0 0.0 21

 22 FA265410073 Disaster-related insurance benefits 0.0 7.7 0.0 0.0 22

 23 FA265410003 Other 0.0 0.0 0.0 0.0 23

 24 FA895400005 Capital transfers received, by sector 137.9 140.0 105.0 111.4 24

 25 FA825400005 By private business 40.4 26.6 5.7 6.7 25

 26 FA795400005 Financial corporations 32.4 4.7 0.0 0.0 26

 27 FA515400073 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 27

 28 FA795400003 Other 32.4 4.7 0.0 0.0 28

 29 FA105400005 Nonfinancial corporations 6.4 17.0 5.7 6.7 29

 30 FA105400073 Disaster-related insurance benefits 0.0 8.5 0.0 0.0 30

 31 FA105400003 Other 6.4 8.4 5.7 6.7 31

 32 FA115400005 Noncorporate business 1.6 4.9 0.0 -0.0 32

 33 FA115400075 Disaster-related insurance benefits 0.0 4.9 0.0 0.0 33

 34 FA115400003 Other 1.6 0.0 0.0 -0.0 34

 35 FA365400005 By government 83.5 88.2 92.3 89.8 35

 36 FA315400053 Federal 9.6 14.1 20.9 18.8 36

 37 FA315400053 Estate and gift taxes paid by persons 9.6 14.1 20.9 18.8 37

 38 FA205400005 State and local 73.8 74.2 71.4 71.0 38

 39 FA205400073 Disaster-related insurance benefits 0.0 2.7 0.0 0.0 39

 40 FA205400053 Estate and gift taxes paid by persons 4.7 4.9 5.1 5.0 40

 41 FA205400033 Investment grants paid by federal government 69.1 66.6 66.3 66.0 41

 42 FA205400003 Other 0.0 0.0 0.0 0.0 42

 43 FA155400005 By persons 12.4 24.0 6.1 14.5 43

 44 FA155400073 Disaster-related insurance benefits 0.0 13.5 0.0 0.0 44

 45 FA155400003 Other 12.4 10.5 6.1 14.5 45

 46 FA265400005 By the rest of the world 1.6 1.1 0.8 0.4 46

 47 FA265400033 Capital transfers paid by U.S. government 1.6 1.1 0.8 0.4 47

 48 FA265400003 Other 0.0 0.0 0.0 0.0 48

 Addenda: Net capital transfers paid by sector

 49 FA825440005 By private business (lines 2-25) -40.4 -12.3 -5.7 3.3 49

 50 FA795440005 Financial corporations (lines 3-26) -32.4 9.6 0.0 10.0 50

 51 FA515440005 Property-casualty insurance companies (line 4-27) 0.0 14.3 0.0 0.0 51

 52 FA765440005 U.S.-chartered depository institutions 3.2 0.0 0.0 10.0 52

 53 FA765400035 Financial stabilization payments (2) 3.2 0.0 0.0 0.0 53

 54 FA765440015 Other (lines 5) 0.0 0.0 0.0 10.0 54

 55 FA405400033 Government-sponsored enterprises (2) -31.9 -4.7 0.0 0.0 55

 56 FA735400033 Holding companies (GMAC) (2) -0.3 0.0 0.0 0.0 56

 57 FA505400033 Funding corporations (AIG) (2) -3.4 0.0 0.0 0.0 57

 58 FA105440005 Nonfinancial corporations (lines 6-29) -6.4 -17.0 -5.7 -6.7 58

 59 FA115440005 Noncorporate business (lines 7-32) -1.6 -4.9 -0.0 0.0 59

 60 FA365440005 By government (lines 8-35) 40.0 10.8 -13.3 -12.2 60

 61 FA315440005 Federal (lines 9-36) 113.9 85.0 58.1 58.8 61

 62 FA205440005 State and local (lines 16-38) -73.8 -74.2 -71.4 -71.0 62

 63 FA155440005 By persons (lines 18-43) 2.0 -5.1 19.8 9.3 63

 64 FA265440005 By the rest of the world (lines 21-46) -1.6 6.5 -0.8 -0.4 64

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

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Financial Accounts of the United States.
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FFA Coded Tables, December 10, 2015 11

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2011 2012 2013 2014

 

 1 FA174090005 Net acquisition of financial assets 1277.3 1505.1 1381.1 1382.6 1

 2 FA153091003 Foreign deposits -9.9 -7.9 2.3 -6.4 2

 3 FA173020005 Checkable deposits and currency 325.0 236.2 136.4 185.3 3

 4 FA173030005 Time and savings deposits 375.3 422.0 219.3 450.8 4

 5 FA173034005 Money market fund shares -20.3 5.5 30.2 -37.2 5

 6 FA174022005 Debt securities -209.6 -198.3 -605.6 -458.0 6

 7 FA163069103 Open market paper -1.8 -0.6 -3.8 -0.1 7

 8 FA173061105 Treasury securities -229.2 199.0 -143.8 -51.7 8

 9 FA153061705 Agency- and GSE-backed securities 40.6 -48.9 -45.8 -172.9 9

 10 FA173062005 Municipal securities -65.5 -144.5 -55.6 -66.8 10

 11 FA153063005 Corporate and foreign bonds 46.3 -203.3 -356.6 -166.5 11

 12 FA174023005 Loans -10.8 10.4 51.2 56.7 12

 13 FA153064105 Corporate equities (2) -282.0 -214.4 158.2 35.9 13

 14 FA153064205 Mutual fund shares 257.3 471.9 514.5 419.8 14

 15 FA153040005 Life insurance reserves 73.5 -26.6 19.2 45.3 15

 16 FA153050005 Pension entitlements 550.1 578.5 533.2 513.1 16

 17 FA173099005 Miscellaneous and other assets 228.8 227.7 322.3 177.2 17

 18 FA175050005 Gross investment in nonfinancial assets 1783.0 1935.6 2064.4 2161.0 18

 19 FA175012005 Residential fixed investment 381.3 436.8 502.6 542.1 19

 20 FA175013005 Nonresidential fixed investment 345.4 381.1 386.5 407.8 20

 21 FA155111003 Consumer durables 1057.2 1129.5 1166.9 1205.6 21

 22 FA155420003 Nonproduced nonfinancial assets -7.8 -7.9 -8.2 -8.4 22

 23 FA115020005 Inventories 6.8 -4.0 16.6 13.9 23

 24 FA176300005 Consumption of fixed capital 1601.5 1640.0 1697.1 1755.6 24

 25 FA176320005 Residential fixed investment 369.9 372.6 394.7 421.8 25

 26 FA176330005 Nonresidential fixed investment 293.4 305.0 317.0 330.4 26

 27 FA156300103 Consumer durables 938.2 962.5 985.4 1003.4 27

 28 FA172010005 Net investment in nonfinancial assets (3) 181.5 295.5 367.4 405.4 28

 29 FA175012865 Residential fixed investment 11.5 64.2 107.9 120.3 29

 30 FA175013865 Nonresidential fixed investment 52.0 76.1 69.5 77.3 30

 31 FA155111005 Consumer durables 119.0 167.1 181.5 202.2 31

 32 FA155420003 Nonproduced nonfinancial assets -7.8 -7.9 -8.2 -8.4 32

 33 FA115020005 Inventories 6.8 -4.0 16.6 13.9 33

 34 FA174190005 Net increase in liabilities -92.5 513.0 428.0 708.5 34

 35 FA173165105 Home mortgages -88.4 -81.2 -3.2 50.5 35

 36 FA173165205 Other mortgages -21.9 111.0 77.9 135.3 36

 37 FA153166000 Consumer credit 108.6 169.4 175.9 218.4 37

 38 FA153169005 Other loans and advances -37.4 66.1 37.4 33.2 38

 39 FA173199005 Other liabilities -53.4 247.6 139.9 271.1 39

 40 FA175440005 Net capital transfers paid (4) 0.4 -10.0 19.8 9.3 40

 41 FA176007025 Personal saving, FOF concept (FOF) 1551.7 1277.7 1340.3 1088.9 41

 42 FA155111005 - Net investment in consumer durables 119.0 167.1 181.5 202.2 42

 43 FA313154015 - Government insurance and pension fund reserves (5) -2.4 -2.5 -2.2 -2.0 43

 44 FA156600075 + Contr. for govt. soc. insur., U.S.-affiliated areas 4.4 4.6 5.2 5.1 44

 45 FA176007005 = Personal saving, NIPA concept (FOF) (6) 1439.5 1117.7 1166.2 893.8 45

 46 FA156007015 Personal saving, NIPA concept (NIPA) 710.1 946.7 589.9 620.2 46

 47 FA176007085 Difference 729.4 171.0 576.2 273.6 47

 Memo:

 48 FA156012005 Disposable personal income 11801.4 12403.7 12395.6 12913.9 48

 Personal saving as a percentage of disposable personal income:

 49 FA176007026 FOF concept (FOF data) (line 41) 13.1 10.3 10.8 8.4 49

 50 FA176007006 NIPA concept (FOF data) (line 44) 12.2 9.0 9.4 6.9 50

 51 FA156007016 NIPA concept (NIPA data) (line 45) 6.0 7.6 4.8 4.8 51

 52 FA176007086 Difference (line 46) 6.2 1.4 4.6 2.1 52

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

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

(3) Line 18 less line 24.

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

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

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

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

 plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 46) is disposable personal income (line 48) less personal outlays (table F.101, line 4).
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12 FFA Coded Tables, December 10, 2015

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

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

2011 2012 2013 2014

 

 1 FL174090005 Total financial assets 49943.8 53989.0 60489.7 63779.9 1

 2 FL153091003 Foreign deposits 57.4 49.5 51.7 45.3 2

 3 FL173020005 Checkable deposits and currency 1280.3 1502.9 1639.3 1824.7 3

 4 FL173030005 Time and savings deposits 7182.3 7559.4 7779.3 8293.1 4

 5 FL173034005 Money market fund shares 1187.5 1193.1 1223.3 1186.1 5

 6 FL174022005 Debt securities 4345.6 4205.7 3825.1 3341.4 6

 7 FL163069103 Open market paper 19.4 18.8 15.0 14.9 7

 8 FL173061105 Treasury securities 756.5 966.0 1024.8 928.1 8

 9 FL153061705 Agency- and GSE-backed securities 356.3 296.6 293.0 96.2 9

 10 FL173062005 Municipal securities 1811.5 1667.0 1611.4 1544.6 10

 11 FL153063005 Corporate and foreign bonds 1401.9 1257.2 880.9 757.6 11

 12 FL174023005 Loans 961.1 960.4 1011.6 1068.3 12

 13 FL153069005 Other loans and advances 749.5 777.9 841.4 893.2 13

 14 FL173065005 Mortgages 137.2 116.9 110.9 121.5 14

 15 FL173066005 Consumer credit 74.5 65.6 59.3 53.6 15

 16 LM153064105 Corporate equities (2) 8070.0 9401.8 12545.9 13871.1 16

 17 LM153064205 Mutual fund shares 4628.1 5633.5 7104.1 7804.3 17

 18 FL153040005 Life insurance reserves 1199.3 1186.4 1233.0 1282.8 18

 19 FL153050005 Pension entitlements 17312.9 18350.6 19804.1 20614.0 19

 20 FL543150005 Life insurance companies 2256.2 2442.9 2716.9 2809.8 20

 21 FL574190005 Private pension funds 6749.9 7276.2 8097.6 8478.8 21

 22 FL363150005 Governments 8306.7 8631.5 8989.6 9325.5 22

 23 FL173099005 Miscellaneous and other assets 3719.4 3945.7 4272.2 4449.0 23

 24 FL174190005 Total liabilities 19213.9 19517.7 19853.6 20514.6 24

 25 FL173165105 Home mortgages 10190.6 9962.1 9866.7 9869.7 25

 26 FL173165205 Other mortgages 2521.0 2631.9 2709.8 2845.1 26

 27 FL153166000 Consumer credit 2755.4 2922.9 3098.8 3317.2 27

 28 FL153169005 Other loans and advances 376.9 443.1 480.5 513.7 28

 29 FL173199005 Other liabilities 3370.0 3557.7 3697.8 3968.9 29

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

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