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L.100 Domestic Nonfinancial Sectors (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 76137.8 81736.1 90829.4 95953.5 98743.1 94059.5 95953.5 97517.1 98313.1 96931.4 98743.1 1

 2 U.S. official reserve assets 110.9 114.2 109.8 98.0 86.9 103.7 98.0 88.7 89.5 89.2 86.9 2

 3 Foreign deposits 92.2 84.9 129.2 108.1 69.5 122.0 108.1 90.3 90.6 68.8 69.5 3

 4 Checkable deposits and currency 1751.6 1932.4 2220.3 2513.4 2777.7 2329.1 2513.4 2412.6 2636.3 2521.8 2777.7 4

 5 Time and savings deposits 8004.2 8450.7 8726.1 9241.6 9766.0 9029.4 9241.6 9463.7 9421.8 9613.9 9766.0 5

 6 Money market fund shares 1803.1 1870.0 1941.2 1931.6 1915.8 1875.8 1931.6 1823.2 1809.1 1831.6 1915.8 6

 7 Security repurchase agreements 133.5 134.5 135.0 153.6 166.1 151.8 153.6 155.9 160.5 159.2 166.1 7

 8 Debt securities 5870.9 5694.6 5221.4 4732.2 4769.6 4805.3 4732.2 4693.5 4756.7 4861.5 4769.6 8

 9 Open market paper 177.8 161.0 141.2 134.8 126.0 135.8 134.8 131.4 129.9 129.6 126.0 9

 10 Treasury securities 1361.3 1610.3 1656.3 1590.6 2044.1 1532.5 1590.6 1594.5 1703.2 1863.5 2044.1 10

 11 Agency- and GSE-backed securities 911.6 797.9 760.2 550.1 571.7 578.6 550.1 547.1 552.6 571.8 571.7 11

 12 Municipal securities 1847.0 1703.3 1646.4 1571.3 1548.0 1584.4 1571.3 1589.4 1600.4 1582.5 1548.0 12

 13 Corporate and foreign bonds 1573.2 1422.1 1017.3 885.4 479.7 974.1 885.4 831.2 770.7 714.0 479.7 13

 14 Loans 2016.1 2153.7 2326.5 2501.3 2566.9 2508.7 2501.3 2547.8 2541.0 2573.3 2566.9 14

 15 Other loans and advances 933.2 964.1 1034.7 1089.1 1039.3 1111.6 1089.1 1092.1 1067.1 1062.3 1039.3 15

 16 Mortgages 476.9 458.8 458.3 474.7 492.5 472.5 474.7 480.1 484.4 487.2 492.5 16

 17 Consumer credit 606.1 730.8 833.4 937.4 1035.0 924.6 937.4 975.6 989.4 1023.7 1035.0 17

 18 Corporate equities 8252.5 9579.4 12742.6 14090.3 13524.7 13561.7 14090.3 14613.2 14485.9 13258.0 13524.7 18

 19 Mutual fund shares 4854.2 5880.3 7394.7 8122.8 8455.4 7943.0 8122.8 8413.9 8543.3 8127.5 8455.4 19

 20 Trade receivables 3040.7 3105.2 3428.0 3568.5 3602.9 3615.6 3568.5 3617.1 3683.5 3674.9 3602.9 20

 21 Life insurance reserves 1199.3 1186.4 1233.0 1282.8 1330.6 1263.3 1282.8 1304.8 1311.5 1308.5 1330.6 21

 22 Pension entitlements 17313.8 18353.1 19812.5 20620.6 20971.9 20355.9 20620.6 20832.6 20935.9 20614.0 20971.9 22

 23 Taxes payable 272.8 279.9 289.6 310.2 309.5 304.5 310.2 315.9 316.0 326.9 309.5 23

 24 Equity in noncorporate business 7524.2 8313.9 9512.5 10168.8 10739.3 9950.2 10168.8 10375.4 10479.6 10599.6 10739.3 24

 25 U.S. direct investment abroad 3759.2 4134.4 4447.0 4691.8 4793.6 4620.1 4691.8 4722.1 4729.4 4759.5 4793.6 25

 26 Miscellaneous assets 10138.7 10468.7 11159.9 11818.0 12896.7 11519.5 11818.0 12046.5 12322.7 12543.3 12896.7 26

 27 Total liabilities 52546.7 54983.2 56500.0 58542.5 61146.3 57925.8 58542.5 59017.5 59644.7 60404.7 61146.3 27

 28 U.S. official reserve assets 54.2 54.3 54.4 51.2 48.9 52.4 51.2 48.7 49.7 49.6 48.9 28

 29 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 29

 30 Treasury currency 25.9 25.9 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 30

 31 Debt securities 19040.6 20553.8 21661.3 22682.5 23864.1 22302.3 22682.5 22860.2 22942.5 23064.2 23864.1 31

 32 Open market paper 116.3 130.3 144.5 182.0 176.5 207.1 182.0 188.2 177.5 201.2 176.5 32

 33 Treasury securities 11642.0 12822.9 13680.6 14416.7 15141.1 14117.4 14416.7 14434.9 14353.4 14376.7 15141.1 33

 34 Agency- and GSE-backed securities 25.3 24.9 24.5 24.4 24.6 23.9 24.4 24.1 24.7 24.1 24.6 34

 35 Municipal securities 3719.4 3714.4 3671.2 3652.4 3714.8 3631.1 3652.4 3694.0 3714.6 3710.0 3714.8 35

 36 Corporate and foreign bonds 3537.7 3861.2 4140.4 4407.1 4807.1 4322.8 4407.1 4518.9 4672.4 4752.2 4807.1 36

 37 Loans 19179.0 19417.4 19773.9 20554.1 21284.5 20307.6 20554.1 20632.7 20893.5 21020.7 21284.5 37

 38 Depository institution loans n.e.c. 1541.7 1742.8 1868.8 2145.9 2430.2 2053.4 2145.9 2208.9 2272.7 2310.7 2430.2 38

 39 Other loans and advances 1571.9 1676.2 1746.5 1871.9 1762.2 1861.2 1871.9 1868.7 1875.3 1772.4 1762.2 39

 40 Mortgages 13310.0 13075.6 13059.8 13219.0 13559.1 13143.9 13219.0 13233.9 13350.4 13459.5 13559.1 40

 41 Consumer credit 2755.4 2922.9 3098.8 3317.2 3533.1 3249.0 3317.2 3321.1 3395.0 3478.0 3533.1 41

 42 Trade payables 3430.1 3561.8 3754.9 3916.4 3994.5 3884.6 3916.4 3929.5 3983.6 3979.4 3994.5 42

 43 Life insurance reserves 50.0 50.3 50.5 51.3 51.1 50.9 51.3 50.7 51.0 50.8 51.1 43

 44 Taxes payable 151.4 161.3 155.4 159.0 174.8 167.0 159.0 175.9 175.7 177.0 174.8 44

 45 Foreign direct investment in U.S. 2236.8 2423.5 2619.9 2768.2 3007.2 2740.8 2768.2 2864.3 2944.2 2973.4 3007.2 45

 46 Miscellaneous liabilities 8373.5 8729.7 8398.9 8329.4 8690.5 8389.8 8329.4 8425.0 8574.2 9059.0 8690.5 46

(1) Sum of domestic nonfinancial sectors shown on tables L.101 through L.107.
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L.101 Households and Nonprofit Organizations (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 53547.9 58067.7 65461.1 69156.0 70326.7 67792.4 69156.0 70482.7 70704.1 69074.2 70326.7 1

 2 Deposits 8711.3 9236.3 9611.5 10201.9 10693.1 9923.0 10201.9 10337.0 10306.5 10412.3 10693.1 2

 3 Foreign deposits 57.4 49.5 51.7 45.3 31.8 52.2 45.3 43.8 39.1 35.7 31.8 3

 4 Checkable deposits and currency 724.1 887.4 1021.6 1162.8 1222.2 1080.6 1162.8 1170.5 1191.1 1114.6 1222.2 4

 5 Time and savings deposits 6820.0 7187.1 7397.7 7894.9 8383.4 7702.8 7894.9 8120.9 8091.3 8268.7 8383.4 5

 6 Money market fund shares 1109.8 1112.4 1140.5 1098.9 1055.7 1087.3 1098.9 1001.8 985.0 993.2 1055.7 6

 7 Debt securities 4305.7 4151.9 3749.3 3244.4 3230.6 3335.2 3244.4 3190.5 3256.8 3341.1 3230.6 7

 8 Open market paper 19.4 18.8 15.0 14.9 13.7 15.9 14.9 15.2 15.7 14.3 13.7 8

 9 Treasury securities 708.2 913.8 975.9 874.0 1271.7 837.0 874.0 864.7 976.7 1121.9 1271.7 9

 10 Agency- and GSE-backed securities 363.4 302.3 298.4 99.7 134.6 123.5 99.7 96.5 102.3 120.4 134.6 10

 11 Municipal securities 1805.6 1660.9 1607.7 1540.4 1514.8 1553.7 1540.4 1556.2 1567.9 1550.4 1514.8 11

 12 Corporate and foreign bonds 1409.1 1256.0 852.3 715.5 295.8 805.1 715.5 657.7 594.2 534.2 295.8 12

 13 Loans 924.9 926.4 977.8 1029.3 969.0 1053.0 1029.3 1029.2 999.1 994.7 969.0 13

 14 Other loans and advances (2) 749.5 777.9 841.4 893.2 842.6 915.5 893.2 895.7 867.9 866.3 842.6 14

 15 Mortgages 100.9 82.8 77.1 82.5 79.2 82.4 82.5 81.6 81.1 79.8 79.2 15

 16 Consumer credit (student loans) 74.5 65.6 59.3 53.6 47.2 55.2 53.6 51.9 50.1 48.6 47.2 16

 17 Corporate equities (3) 8069.9 9401.4 12545.3 13883.1 13310.9 13359.0 13883.1 14403.0 14274.3 13051.8 13310.9 17

 18 Mutual fund shares 4629.3 5634.7 7105.3 7803.6 8119.0 7633.4 7803.6 8085.7 8210.1 7807.1 8119.0 18

 19 Life insurance reserves 1199.3 1186.4 1233.0 1282.8 1330.6 1263.3 1282.8 1304.8 1311.5 1308.5 1330.6 19

 20 Pension entitlements (4) 17313.8 18353.1 19812.5 20620.6 20971.9 20355.9 20620.6 20832.6 20935.9 20614.0 20971.9 20

 21 Claims of pension fund on sponsor 4027.9 3977.9 3365.2 3345.5 3798.3 3472.4 3345.5 3456.9 3715.4 4276.7 3798.3 21

 22 Funded pension entitlements 13285.9 14375.1 16447.4 17275.1 17173.7 16883.4 17275.1 17375.7 17220.5 16337.3 17173.7 22

 23 Equity in noncorporate business 7524.2 8313.9 9512.5 10168.8 10739.3 9950.2 10168.8 10375.4 10479.6 10599.6 10739.3 23

 24 Miscellaneous assets 869.7 863.6 913.8 921.6 962.3 919.5 921.6 924.6 930.4 945.1 962.3 24

 25 Total liabilities 13576.8 13638.2 13786.1 14164.3 14509.8 14072.1 14164.3 14149.4 14294.4 14376.7 14509.8 25

 26 Debt securities (municipal securities) 255.5 241.0 227.8 223.1 217.7 224.6 223.1 223.0 219.7 217.2 217.7 26

 27 Loans 13047.0 13118.3 13275.3 13654.0 14001.5 13560.6 13654.0 13637.7 13784.8 13869.7 14001.5 27

 28 Home mortgages (5) 9702.0 9490.8 9401.2 9400.6 9490.6 9384.9 9400.6 9372.1 9417.3 9468.7 9490.6 28

 29 Consumer credit 2755.4 2922.9 3098.8 3317.2 3533.1 3249.0 3317.2 3321.1 3395.0 3478.0 3533.1 29

 30 Depository institution loans n.e.c. (6) 11.5 62.6 92.7 212.9 317.9 186.7 212.9 233.7 247.3 268.7 317.9 30

 31 Other loans and advances 376.9 443.1 480.5 513.7 439.4 533.3 513.7 499.0 510.1 436.5 439.4 31

 32 Commercial mortgages 201.1 198.9 202.1 209.6 220.6 206.7 209.6 211.8 215.0 217.8 220.6 32

 33 Trade payables 250.0 254.0 255.0 258.1 259.4 257.4 258.1 258.5 258.9 259.2 259.4 33

 34 Deferred and unpaid life insurance premiums 24.3 24.9 27.9 29.1 31.2 29.6 29.1 30.2 31.0 30.6 31.2 34

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

 outstandings of nonprofit organizations.

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

(3) Directly held shares, including shares of closed-end and exchange-traded funds shares. Other equities are included in mutual fund shares (line 18), life insurance reserves (line 19) and pension entitlements (line 20).

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

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

(6) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.109, line 19.
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L.102 Nonfinancial Business (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 18434.0 19314.7 20791.4 21933.6 23199.2 21535.7 21933.6 22207.3 22591.3 22819.5 23199.2 1

 2 Foreign deposits 34.8 35.4 77.5 62.8 37.7 69.7 62.8 46.5 51.5 33.1 37.7 2

 3 Checkable deposits and currency 821.6 835.3 910.8 983.2 1085.7 965.1 983.2 1007.6 1053.0 1073.9 1085.7 3

 4 Time and savings deposits 924.2 967.5 1014.9 1025.4 1050.6 1007.8 1025.4 1012.9 1009.2 1020.2 1050.6 4

 5 Money market fund shares 540.1 600.1 641.9 666.9 678.0 624.2 666.9 651.6 650.7 661.1 678.0 5

 6 Security repurchase agreements 12.6 9.7 8.7 21.3 20.3 20.8 21.3 20.2 21.8 17.3 20.3 6

 7 Debt securities 202.2 194.0 181.3 175.6 166.8 172.9 175.6 166.5 162.7 161.3 166.8 7

 8 Commercial paper 67.9 59.5 52.9 53.6 47.4 51.6 53.6 50.7 50.1 48.3 47.4 8

 9 Treasury securities 91.9 92.4 94.0 93.1 91.2 92.3 93.1 87.2 85.7 86.7 91.2 9

 10 Agency- and GSE-backed securities 14.3 13.1 8.9 11.7 9.7 11.9 11.7 9.5 8.6 8.6 9.7 10

 11 Municipal securities 28.2 29.0 25.5 17.3 18.5 17.1 17.3 19.2 18.3 17.7 18.5 11

 12 Loans 110.6 107.8 106.2 108.2 111.7 107.7 108.2 108.0 110.6 111.8 111.7 12

 13 Mortgages 63.7 59.4 61.9 65.2 69.5 64.1 65.2 66.2 67.3 68.2 69.5 13

 14 Consumer credit 46.9 48.4 44.2 43.0 42.2 43.5 43.0 41.9 43.3 43.6 42.2 14

 15 Mutual fund shares 165.9 179.6 211.0 234.9 248.6 227.6 234.9 242.2 246.6 236.6 248.6 15

 16 Trade receivables 2835.2 2891.8 3201.8 3343.2 3376.5 3392.0 3343.2 3392.2 3455.6 3447.9 3376.5 16

 17 U.S. direct investment abroad 3759.2 4134.4 4447.0 4691.8 4793.6 4620.1 4691.8 4722.1 4729.4 4759.5 4793.6 17

 18 Miscellaneous assets 9027.8 9359.1 9990.3 10620.3 11629.6 10327.7 10620.3 10837.4 11100.3 11296.9 11629.6 18

 19 Total liabilities 19521.4 20579.8 21465.3 22348.3 23444.6 22046.6 22348.3 22658.3 22964.1 23193.2 23444.6 19

 20 Debt securities 4148.0 4500.7 4803.4 5107.4 5518.0 5044.6 5107.4 5232.2 5386.3 5489.9 5518.0 20

 21 Commercial paper 116.3 130.3 144.5 182.0 176.5 207.1 182.0 188.2 177.5 201.2 176.5 21

 22 Municipal securities 493.9 509.1 518.5 518.4 534.3 514.8 518.4 525.1 536.5 536.5 534.3 22

 23 Corporate bonds 3537.7 3861.2 4140.4 4407.1 4807.1 4322.8 4407.1 4518.9 4672.4 4752.2 4807.1 23

 24 Loans 6116.7 6283.5 6482.3 6883.5 7266.2 6730.5 6883.5 6978.3 7092.0 7134.3 7266.2 24

 25 Depository institution loans n.e.c. 1530.2 1680.1 1776.1 1933.0 2112.3 1866.7 1933.0 1975.2 2025.4 2042.1 2112.3 25

 26 Other loans and advances 1179.7 1217.4 1249.7 1341.6 1305.9 1311.5 1341.6 1353.1 1348.5 1319.2 1305.9 26

 27 Mortgages 3406.9 3385.9 3456.5 3608.9 3848.0 3552.3 3608.9 3650.0 3718.1 3773.0 3848.0 27

 28 Trade payables 2254.2 2330.5 2465.9 2568.0 2585.9 2541.8 2568.0 2569.7 2602.7 2583.5 2585.9 28

 29 Taxes payable 151.4 161.3 155.4 159.0 174.8 167.0 159.0 175.9 175.7 177.0 174.8 29

 30 Foreign direct investment in U.S. 2236.8 2423.5 2619.9 2768.2 3007.2 2740.8 2768.2 2864.3 2944.2 2973.4 3007.2 30

 31 Miscellaneous liabilities 4614.3 4880.4 4938.3 4862.1 4892.5 4821.9 4862.1 4837.8 4763.1 4835.1 4892.5 31

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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L.103 Nonfinancial Corporate Business

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 14508.9 15088.4 16260.5 17159.1 18084.4 16861.1 17159.1 17352.2 17645.6 17813.6 18084.4 1

 2 Foreign deposits 34.8 35.4 77.5 62.8 37.7 69.7 62.8 46.5 51.5 33.1 37.7 2

 3 Checkable deposits and currency 265.3 219.8 283.3 319.9 381.6 315.4 319.9 336.1 370.1 383.7 381.6 3

 4 Time and savings deposits 561.9 595.2 631.1 615.4 573.1 612.7 615.4 584.1 572.1 565.0 573.1 4

 5 Money market fund shares 462.4 519.4 559.1 580.2 586.4 539.1 580.2 563.5 561.3 571.0 586.4 5

 6 Security repurchase agreements 12.6 9.7 8.7 21.3 20.3 20.8 21.3 20.2 21.8 17.3 20.3 6

 7 Debt securities 147.4 135.0 121.8 113.2 99.7 111.7 113.2 103.1 98.0 95.8 99.7 7

 8 Commercial paper 67.9 59.5 52.9 53.6 47.4 51.6 53.6 50.7 50.1 48.3 47.4 8

 9 Treasury securities 43.0 39.4 38.8 35.2 29.1 35.6 35.2 28.4 25.8 25.9 29.1 9

 10 Agency- and GSE-backed securities 14.3 13.1 8.9 11.7 9.7 11.9 11.7 9.5 8.6 8.6 9.7 10

 11 Municipal securities 22.3 22.9 21.2 12.7 13.5 12.7 12.7 14.5 13.6 12.9 13.5 11

 12 Loans 74.3 74.0 71.3 71.6 72.4 71.8 71.6 70.9 72.7 73.4 72.4 12

 13 Mortgages 27.4 25.5 27.1 28.7 30.2 28.3 28.7 29.0 29.4 29.8 30.2 13

 14 Consumer credit 46.9 48.4 44.2 43.0 42.2 43.5 43.0 41.9 43.3 43.6 42.2 14

 15 Mutual fund shares 165.9 179.6 211.0 234.9 248.6 227.6 234.9 242.2 246.6 236.6 248.6 15

 16 Trade receivables 2240.8 2292.8 2554.0 2663.8 2646.7 2725.4 2663.8 2702.3 2751.7 2734.6 2646.7 16

 17 U.S. direct investment abroad (1) 3759.2 4134.4 4447.0 4691.8 4793.6 4620.1 4691.8 4722.1 4729.4 4759.5 4793.6 17

 18 Miscellaneous assets 6784.2 6893.1 7295.6 7784.2 8624.2 7546.8 7784.2 7961.2 8170.3 8343.7 8624.2 18

 19 Insurance receivables 331.0 339.0 333.0 343.2 345.3 342.8 343.2 341.6 343.6 346.5 345.3 19

 20 Equity in GSEs 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.7 20

 21 Investment in finance company subs. 69.1 71.7 86.4 100.5 96.5 100.3 100.5 98.7 94.7 94.4 96.5 21

 22 Other 6383.6 6481.9 6875.6 7339.8 8181.7 7103.0 7339.8 7520.2 7731.2 7902.0 8181.7 22

 23 Total liabilities 13878.4 14695.5 15396.6 15991.1 16701.9 15797.7 15991.1 16208.3 16410.5 16569.7 16701.9 23

 24 Debt securities 4148.0 4500.7 4803.4 5107.4 5518.0 5044.6 5107.4 5232.2 5386.3 5489.9 5518.0 24

 25 Commercial paper 116.3 130.3 144.5 182.0 176.5 207.1 182.0 188.2 177.5 201.2 176.5 25

 26 Municipal securities (2) 493.9 509.1 518.5 518.4 534.3 514.8 518.4 525.1 536.5 536.5 534.3 26

 27 Corporate bonds (1) 3537.7 3861.2 4140.4 4407.1 4807.1 4322.8 4407.1 4518.9 4672.4 4752.2 4807.1 27

 28 Loans 2230.1 2226.1 2320.4 2512.0 2578.9 2446.7 2512.0 2549.5 2574.2 2554.8 2578.9 28

 29 Depository institution loans n.e.c. 629.2 712.1 775.8 868.5 947.8 833.9 868.5 888.5 910.0 917.0 947.8 29

 30 Other loans and advances (3) 1008.3 1036.9 1063.1 1145.6 1102.7 1121.3 1145.6 1158.8 1152.7 1121.4 1102.7 30

 31 Mortgages 592.6 477.1 481.5 498.0 528.4 491.5 498.0 502.2 511.5 516.3 528.4 31

 32 Trade payables 1771.6 1837.0 1938.3 2004.5 1969.4 1988.8 2004.5 1990.7 2010.4 1982.5 1969.4 32

 33 Taxes payable 51.7 54.0 44.9 44.6 51.7 54.2 44.6 57.7 55.8 56.0 51.7 33

 34 Foreign direct investment in U.S. 2230.7 2417.2 2612.8 2760.3 2998.1 2733.1 2760.3 2855.8 2935.1 2964.2 2998.1 34

 35 Miscellaneous liabilities 3446.3 3660.6 3676.8 3562.3 3585.8 3530.3 3562.3 3522.4 3448.7 3522.4 3585.8 35

 36 Pension fund contributions payable 93.8 81.4 79.0 77.9 80.7 78.4 77.9 79.6 79.9 79.8 80.7 36

 37 Claims of pension fund on sponsor 517.7 391.0 181.7 166.3 297.3 184.8 166.3 154.8 187.4 335.8 297.3 37

 38 Other 2834.9 3188.1 3416.1 3318.1 3207.8 3267.1 3318.1 3288.0 3181.4 3106.8 3207.8 38

 Memo:

 39 Market value of equities 13892.0 15584.6 20612.3 22730.4 21680.7 21873.4 22730.4 23110.0 22748.3 20778.1 21680.7 39

 40 Total liquid assets (4) 1650.4 1694.1 1892.6 1947.6 1947.4 1897.0 1947.6 1895.7 1921.4 1902.4 1947.4 40

 41 Total short-term liabilities (5) 3577.1 3770.3 3966.6 4245.1 4248.1 4205.2 4245.1 4284.0 4306.4 4278.1 4248.1 41

 42 Liquid assets/short-term liabilities (percent) 46.14 44.93 47.71 45.88 45.84 45.11 45.88 44.25 44.62 44.47 45.84 42

 43 Short-term debt/total debt (percent) (6) 27.50 27.94 27.84 28.82 27.50 28.86 28.82 28.73 28.14 27.84 27.50 43

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

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

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

(4) Sum of lines 2 through 7 and line 15.

(5) Sum of lines 25, 29, 30, 32, and 33. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(6) Short-term debt is the sum of lines 25, 29, and 30. Total debt is the sum of lines 24 and 28.
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L.104 Nonfinancial Noncorporate Business

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3925.1 4226.3 4531.0 4774.5 5114.8 4674.6 4774.5 4855.1 4945.7 5005.9 5114.8 1

 2 Checkable deposits and currency 556.3 615.5 627.6 663.2 704.1 649.8 663.2 671.5 682.9 690.2 704.1 2

 3 Time and savings deposits 362.2 372.3 383.8 410.1 477.5 395.0 410.1 428.8 437.1 455.2 477.5 3

 4 Money market fund shares 77.7 80.7 82.7 86.7 91.7 85.1 86.7 88.1 89.4 90.1 91.7 4

 5 Debt securities 54.8 59.0 59.5 62.4 67.1 61.3 62.4 63.4 64.7 65.5 67.1 5

 6 Treasury securities 48.9 52.9 55.2 57.9 62.1 56.8 57.9 58.8 59.9 60.7 62.1 6

 7 Municipal securities 5.9 6.1 4.4 4.6 4.9 4.5 4.6 4.6 4.7 4.8 4.9 7

 8 Loans 36.3 33.9 34.8 36.5 39.3 35.9 36.5 37.1 37.9 38.4 39.3 8

 9 Mortgages 36.3 33.9 34.8 36.5 39.3 35.9 36.5 37.1 37.9 38.4 39.3 9

 10 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Trade receivables 594.4 598.9 647.8 679.4 729.8 666.7 679.4 689.9 703.8 713.3 729.8 11

 12 Miscellaneous assets 2243.6 2466.0 2694.8 2836.1 3005.4 2780.9 2836.1 2876.2 2930.0 2953.2 3005.4 12

 13 Insurance receivables 127.0 142.5 116.5 129.4 118.7 126.6 129.4 126.0 123.8 121.6 118.7 13

 14 Equity investment in GSEs (1) 7.0 7.2 7.7 8.5 9.0 8.3 8.5 8.6 8.7 8.9 9.0 14

 15 Other 2109.5 2316.4 2570.5 2698.2 2877.7 2646.0 2698.2 2741.6 2797.5 2822.7 2877.7 15

 16 Total liabilities 5643.0 5884.3 6068.7 6357.1 6742.7 6248.9 6357.1 6449.9 6553.5 6623.5 6742.7 16

 17 Loans 3886.6 4057.3 4162.0 4371.5 4687.3 4283.8 4371.5 4428.8 4517.8 4579.5 4687.3 17

 18 Depository institution loans n.e.c. 900.9 968.0 1000.4 1064.6 1164.5 1032.7 1064.6 1086.7 1115.4 1125.0 1164.5 18

 19 Other loans and advances 171.3 180.6 186.6 196.1 203.2 190.2 196.1 194.3 195.8 197.8 203.2 19

 20 Mortgages 2814.3 2908.8 2975.0 3110.9 3319.6 3060.9 3110.9 3147.8 3206.6 3256.7 3319.6 20

 21 Trade payables 482.7 493.5 527.5 563.5 616.6 553.0 563.5 579.0 592.3 601.0 616.6 21

 22 Taxes payable 99.7 107.4 110.5 114.4 123.1 112.8 114.4 118.2 119.9 121.0 123.1 22

 23 Foreign direct investment in U.S. 6.1 6.3 7.1 7.9 9.1 7.7 7.9 8.5 9.1 9.2 9.1 23

 24 Miscellaneous liabilities 1168.0 1219.7 1261.5 1299.8 1306.7 1291.6 1299.8 1315.4 1314.5 1312.7 1306.7 24

(1) Equity in the Farm Credit System.
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L.105 General Government (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4155.9 4353.8 4576.9 4863.8 5217.2 4731.4 4863.8 4827.1 5017.7 5037.7 5217.2 1

 2 U.S. official reserve assets 110.9 114.2 109.8 98.0 86.9 103.7 98.0 88.7 89.5 89.2 86.9 2

 3 Checkable deposits and currency 206.0 209.7 287.9 367.4 469.8 283.3 367.4 234.5 392.2 333.3 469.8 3

 4 Time and savings deposits 259.9 296.1 313.5 321.3 332.1 318.9 321.3 329.9 321.3 324.9 332.1 4

 5 Money market fund shares 153.2 157.5 158.8 165.8 182.0 164.3 165.8 169.8 173.4 177.4 182.0 5

 6 Security repurchase agreements 121.0 124.8 126.3 132.3 145.8 131.0 132.3 135.7 138.7 142.0 145.8 6

 7 Debt securities 1362.9 1348.7 1290.8 1312.1 1372.2 1297.2 1312.1 1336.5 1337.2 1359.0 1372.2 7

 8 Open market paper 90.5 82.7 73.3 66.3 64.9 68.3 66.3 65.4 64.2 67.0 64.9 8

 9 Treasury securities 561.3 604.2 586.3 623.6 681.2 603.1 623.6 642.6 640.8 655.0 681.2 9

 10 Agency- and GSE-backed securities 533.9 482.4 452.9 438.7 427.4 443.3 438.7 441.1 441.6 442.8 427.4 10

 11 Municipal securities 13.2 13.3 13.3 13.6 14.8 13.6 13.6 13.9 14.2 14.4 14.8 11

 12 Corporate and foreign bonds 164.1 166.1 165.0 169.9 183.9 169.0 169.9 173.4 176.4 179.8 183.9 12

 13 Loans 980.7 1119.5 1242.5 1363.9 1486.2 1348.0 1363.9 1410.6 1431.3 1466.8 1486.2 13

 14 Mortgages 312.3 316.5 319.3 327.1 343.8 326.0 327.1 332.4 336.0 339.2 343.8 14

 15 Consumer credit 484.7 616.8 729.8 840.9 945.6 825.9 840.9 881.8 896.0 931.6 945.6 15

 16 Other loans and advances 183.7 186.2 193.4 195.9 196.7 196.1 195.9 196.4 199.3 196.0 196.7 16

 17 Corporate equities 182.6 178.0 197.3 207.2 213.8 202.7 207.2 210.2 211.6 206.2 213.8 17

 18 Mutual fund shares 59.1 66.0 78.4 84.4 87.8 81.9 84.4 86.0 86.6 83.8 87.8 18

 19 Trade receivables 205.5 213.5 226.2 225.3 226.4 223.5 225.3 224.9 227.9 227.0 226.4 19

 20 Taxes receivable 272.8 279.9 289.6 310.2 309.5 304.5 310.2 315.9 316.0 326.9 309.5 20

 21 Miscellaneous assets 241.3 246.0 255.8 276.0 304.8 272.2 276.0 284.5 292.0 301.3 304.8 21

 22 Total liabilities 19448.5 20765.2 21248.6 22029.9 23191.9 21807.1 22029.9 22209.8 22386.3 22834.8 23191.9 22

 23 SDR allocations 54.2 54.3 54.4 51.2 48.9 52.4 51.2 48.7 49.7 49.6 48.9 23

 24 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 24

 25 Treasury currency 25.9 25.9 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25

 26 Debt securities 14637.2 15812.1 16630.0 17351.9 18128.4 17033.0 17351.9 17404.9 17336.5 17357.1 18128.4 26

 27 Treasury securities 11667.3 12847.8 13705.1 14441.1 15165.6 14141.3 14441.1 14459.0 14378.1 14400.8 15165.6 27

 28 Municipal securities 2970.0 2964.3 2924.9 2910.9 2962.7 2891.8 2910.9 2945.9 2958.5 2956.3 2962.7 28

 29 Loans 15.3 15.7 16.2 16.6 16.9 16.5 16.6 16.7 16.7 16.7 16.9 29

 30 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 Other loans and advances 15.3 15.7 16.2 16.6 16.9 16.5 16.6 16.7 16.7 16.7 16.9 31

 32 Trade payables 925.9 977.3 1034.1 1090.2 1149.2 1085.4 1090.2 1101.3 1121.9 1136.8 1149.2 32

 33 Insurance reserves 50.0 50.3 50.5 51.3 51.1 50.9 51.3 50.7 51.0 50.8 51.1 33

 34 Miscellaneous liabilities 3734.9 3824.4 3432.7 3438.2 3766.8 3538.3 3438.2 3557.0 3780.0 4193.3 3766.8 34

 Memo:

 35 Total financial assets (consolidated) (2) 3579.3 3733.9 3974.4 4223.7 4519.1 4111.8 4223.7 4167.8 4360.2 4366.1 4519.1 35

 36 Total liabilities (consolidated) (2) 18872.0 20145.4 20646.1 21389.7 22493.7 21187.4 21389.7 21550.5 21728.8 22163.2 22493.7 36

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

(2) Excludes Treasury securities held by state and local governments (line 9) and federal government loans to state and local governments (line 31).
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L.106 Federal Government

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1411.3 1516.8 1718.5 1896.0 2101.5 1816.9 1896.0 1814.1 1993.3 1974.1 2101.5 1

 2 U.S. official reserve assets 110.9 114.2 109.8 98.0 86.9 103.7 98.0 88.7 89.5 89.2 86.9 2

 3 Checkable deposits and currency 84.6 92.2 163.0 226.8 338.1 160.5 226.8 104.8 258.5 202.6 338.1 3

 4 Time and savings deposits 1.7 2.0 1.5 1.7 1.8 1.6 1.7 1.6 1.9 2.1 1.8 4

 5 Debt securities 31.9 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 5

 6 Agency- and GSE-backed securities 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

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

 8 Loans 778.3 914.4 1038.7 1154.0 1258.8 1139.3 1154.0 1196.3 1213.2 1244.6 1258.8 8

 9 Other loans and advances 183.7 186.2 193.4 195.9 196.7 196.1 195.9 196.4 199.3 196.0 196.7 9

 10 Mortgages 109.9 111.5 115.5 117.2 116.5 117.3 117.2 118.1 117.9 116.9 116.5 10

 11 Consumer credit (1) 484.7 616.8 729.8 840.9 945.6 825.9 840.9 881.8 896.0 931.6 945.6 11

 12 Corporate equities (2) 57.8 39.9 35.1 33.4 33.4 33.6 33.4 33.3 33.5 33.4 33.4 12

 13 Trade receivables 47.7 50.3 53.6 45.5 45.8 45.6 45.5 45.0 45.7 46.1 45.8 13

 14 Taxes receivable 152.8 158.6 165.8 173.0 158.8 171.2 173.0 176.0 178.3 180.7 158.8 14

 15 Miscellaneous assets 145.6 144.6 150.5 163.0 177.4 160.9 163.0 167.9 172.2 175.0 177.4 15

 16 Total liabilities 13991.3 15246.5 16122.7 16903.1 17665.3 16637.9 16903.1 17047.3 17129.1 17274.9 17665.3 16

 17 SDR allocations 54.2 54.3 54.4 51.2 48.9 52.4 51.2 48.7 49.7 49.6 48.9 17

 18 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 18

 19 Treasury currency 25.9 25.9 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 19

 20 Debt securities 11667.3 12847.8 13705.1 14441.1 15165.6 14141.3 14441.1 14459.0 14378.1 14400.8 15165.6 20

 21 Treasury securities (3) 11642.0 12822.9 13680.6 14416.7 15141.1 14117.4 14416.7 14434.9 14353.4 14376.7 15141.1 21

 22 Marketable 9906.1 11027.9 11834.2 12480.9 13169.0 12255.8 12480.9 12606.7 12670.7 12812.8 13169.0 22

 23 Nonmarketable 1735.9 1795.0 1846.5 1935.8 1972.1 1861.6 1935.8 1828.2 1682.7 1563.9 1972.1 23

 24 Budget agency securities 25.3 24.9 24.5 24.4 24.6 23.9 24.4 24.1 24.7 24.1 24.6 24

 25 Loans (multifamily residential mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Trade payables 218.5 231.9 250.6 268.0 288.0 273.0 268.0 269.5 280.4 285.4 288.0 26

 27 Insurance reserves 50.0 50.3 50.5 51.3 51.1 50.9 51.3 50.7 51.0 50.8 51.1 27

 28 Miscellaneous liabilities 1970.3 2031.1 2031.3 2061.1 2081.0 2089.8 2061.1 2188.8 2339.5 2457.8 2081.0 28

 29 Claims of pension fund on sponsor 1745.6 1793.6 1782.1 1802.0 1815.1 1839.1 1802.0 1934.0 2087.5 2205.5 1815.1 29

 30 Other 224.6 237.5 249.2 259.1 265.9 250.7 259.1 254.9 252.1 252.4 265.9 30

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

 the government purchased from depository institutions and finance companies.

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

(3) Includes marketable and nonmarketable Treasury securities held by the public and Treasury securities held by federal government employee retirement funds.
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L.107 State and Local Governments (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2744.6 2836.9 2858.4 2967.8 3115.7 2914.4 2967.8 3013.0 3024.3 3063.6 3115.7 1

 2 Checkable deposits and currency 121.4 117.6 124.9 140.5 131.7 122.8 140.5 129.7 133.6 130.7 131.7 2

 3 Time and savings deposits 258.2 294.1 312.0 319.6 330.3 317.3 319.6 328.3 319.4 322.9 330.3 3

 4 Money market fund shares 153.2 157.5 158.8 165.8 182.0 164.3 165.8 169.8 173.4 177.4 182.0 4

 5 Security repurchase agreements 121.0 124.8 126.3 132.3 145.8 131.0 132.3 135.7 138.7 142.0 145.8 5

 6 Debt securities 1331.1 1348.1 1290.3 1311.6 1371.7 1296.7 1311.6 1335.9 1336.7 1358.5 1371.7 6

 7 Open market paper 90.5 82.7 73.3 66.3 64.9 68.3 66.3 65.4 64.2 67.0 64.9 7

 8 Treasury securities 561.3 604.2 586.3 623.6 681.2 603.1 623.6 642.6 640.8 655.0 681.2 8

 9 Agency- and GSE-backed securities 502.8 482.4 452.9 438.7 427.4 443.3 438.7 441.1 441.6 442.8 427.4 9

 10 Municipal securities 13.2 13.3 13.3 13.6 14.8 13.6 13.6 13.9 14.2 14.4 14.8 10

 11 Corporate and foreign bonds 163.3 165.4 164.5 169.3 183.4 168.4 169.3 172.9 175.9 179.3 183.4 11

 12 Loans (mortgages) 202.4 205.0 203.8 209.9 227.3 208.8 209.9 214.3 218.1 222.3 227.3 12

 13 Corporate equities 124.8 138.1 162.2 173.8 180.4 169.1 173.8 176.9 178.2 172.7 180.4 13

 14 Mutual fund shares 59.1 66.0 78.4 84.4 87.8 81.9 84.4 86.0 86.6 83.8 87.8 14

 15 Trade receivables 157.8 163.1 172.6 179.8 180.5 177.9 179.8 179.9 182.2 180.8 180.5 15

 16 Taxes receivable 120.0 121.3 123.8 137.2 150.6 133.3 137.2 139.9 137.7 146.2 150.6 16

 17 Miscellaneous assets 95.7 101.5 105.3 113.0 127.4 111.3 113.0 116.6 119.8 126.4 127.4 17

 18 Total liabilities 5457.3 5518.7 5125.9 5126.8 5526.6 5169.2 5126.8 5162.5 5257.2 5559.8 5526.6 18

 19 Debt securities (municipal securities) 2970.0 2964.3 2924.9 2910.9 2962.7 2891.8 2910.9 2945.9 2958.5 2956.3 2962.7 19

 20 Short-term (2) 52.3 56.1 45.3 38.6 32.8 37.0 38.6 38.1 31.1 31.5 32.8 20

 21 Long-term 2917.6 2908.2 2879.6 2872.3 2930.0 2854.8 2872.3 2907.9 2927.4 2924.8 2930.0 21

 22 Loans (U.S. government loans) 15.3 15.7 16.2 16.6 16.9 16.5 16.6 16.7 16.7 16.7 16.9 22

 23 Trade payables 707.4 745.5 783.4 822.2 861.1 812.5 822.2 831.7 841.5 851.4 861.1 23

 24 Claims of pension fund on sponsor (3) 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 24

(1) Data for state and local government employee retirement funds are shown on table L.120.

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

(3) Included in miscellaneous liabilities.
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L.108 Domestic Financial Sectors (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 71226.4 75329.2 81130.7 85009.3 85911.3 83964.5 85009.3 85861.8 86164.3 85173.6 85911.3 1

 2 U.S. official reserve assets 36.8 35.8 34.6 32.0 30.5 33.2 32.0 30.4 30.7 30.9 30.5 2

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

 4 Treasury currency 44.2 44.8 45.5 46.3 47.6 46.2 46.3 46.7 47.0 47.3 47.6 4

 5 Foreign deposits 42.9 43.3 33.7 24.1 10.9 23.2 24.1 24.4 22.2 12.4 10.9 5

 6 Net interbank assets 1622.6 1561.7 2321.8 2453.3 2051.5 2602.0 2453.3 2504.4 2310.5 2265.5 2051.5 6

 7 Checkable deposits and currency 364.1 374.0 369.9 350.4 351.3 382.7 350.4 340.1 321.6 347.1 351.3 7

 8 Time and savings deposits 592.4 619.7 701.6 715.4 637.2 743.4 715.4 721.7 727.2 686.5 637.2 8

 9 Money market fund shares 765.1 682.7 629.2 643.2 685.4 581.3 643.2 676.7 662.3 684.7 685.4 9

 10 Federal funds and security repos 2738.2 3113.0 2733.2 2778.9 2768.6 2739.8 2778.9 2758.6 2775.2 2862.6 2768.6 10

 11 Debt securities 19797.4 20984.5 22428.4 23663.6 24561.0 23301.6 23663.6 23780.2 23745.3 23836.9 24561.0 11

 12 Open market paper 688.8 688.6 709.1 687.7 712.8 740.7 687.7 702.9 735.9 760.9 712.8 12

 13 Treasury securities 5276.3 5641.1 6230.5 6669.9 6979.0 6512.7 6669.9 6664.4 6475.3 6410.0 6979.0 13

 14 Agency- and GSE-backed securities 5594.7 5761.2 6154.3 6495.6 6651.0 6369.3 6495.6 6459.6 6472.6 6536.1 6651.0 14

 15 Municipal securities 1800.0 1939.4 1948.7 2000.7 2082.1 1968.2 2000.7 2022.2 2028.9 2041.5 2082.1 15

 16 Corporate and foreign bonds 6437.6 6954.1 7385.9 7809.8 8136.1 7710.6 7809.8 7931.1 8032.7 8088.4 8136.1 16

 17 Loans 18991.8 19169.2 19573.4 20322.2 21015.3 20026.2 20322.2 20344.2 20651.1 20736.1 21015.3 17

 18 Depository institution loans n.e.c. 2217.0 2393.8 2590.3 2910.2 3207.3 2785.7 2910.2 2988.1 3073.6 3099.6 3207.3 18

 19 Other loans and advances 1602.8 1772.0 1914.0 2064.0 2006.6 2031.4 2064.0 2028.7 2076.3 1973.4 2006.6 19

 20 Mortgages 13022.7 12811.3 12803.6 12968.1 13303.3 12884.7 12968.1 12981.9 13095.5 13208.8 13303.3 20

 21 Consumer credit 2149.4 2192.0 2265.4 2379.8 2498.0 2324.4 2379.8 2345.5 2405.6 2454.3 2498.0 21

 22 Corporate equities 10796.5 12321.4 15599.6 16736.5 16455.6 16236.4 16736.5 17101.6 17143.6 15628.5 16455.6 22

 23 Mutual fund shares 2646.3 2950.4 3588.5 3858.0 3805.9 3765.7 3858.0 3921.6 3935.6 3691.5 3805.9 23

 24 Trade receivables 134.8 133.2 131.0 132.1 141.7 134.8 132.1 137.6 141.5 142.4 141.7 24

 25 Life insurance reserves 153.0 172.9 183.7 194.6 205.2 191.6 194.6 197.0 200.1 202.5 205.2 25

 26 U.S. direct investment abroad 840.3 883.2 892.8 884.2 916.2 920.5 884.2 889.2 903.9 908.1 916.2 26

 27 Miscellaneous assets 11654.6 12234.4 11858.5 12169.2 12222.4 12230.8 12169.2 12382.4 12541.5 13085.5 12222.4 27

 28 Total liabilities 67825.9 71430.9 76738.6 80324.5 81120.9 79372.9 80324.5 81065.6 81276.5 80431.9 81120.9 28

 29 Net interbank liabilities 1889.0 1683.8 2812.9 2865.3 2361.8 3189.2 2865.3 2906.9 2674.0 2621.7 2361.8 29

 30 Checkable deposits and currency 2594.3 2853.8 3186.5 3537.5 3830.0 3356.9 3537.5 3441.3 3642.4 3558.0 3830.0 30

 31 Time and savings deposits 8952.2 9463.7 9872.9 10448.7 10856.1 10264.8 10448.7 10683.3 10628.2 10761.8 10856.1 31

 32 Money market fund shares 2642.5 2649.6 2678.5 2688.1 2715.7 2565.4 2688.1 2609.9 2580.2 2627.1 2715.7 32

 33 Federal funds and security repos 3118.5 3327.1 2943.0 2949.3 2946.2 2914.8 2949.3 2952.5 2913.3 2981.4 2946.2 33

 34 Debt securities 13117.6 12923.9 12926.8 13074.5 13101.9 12983.5 13074.5 13024.0 13080.3 13149.1 13101.9 34

 35 Open market paper 507.9 449.1 400.2 362.9 320.1 395.9 362.9 348.5 371.9 342.3 320.1 35

 36 Agency- and GSE-backed securities 7559.2 7535.4 7773.7 7924.0 8128.3 7813.7 7924.0 7880.8 7935.2 8023.0 8128.3 36

 37 Corporate and foreign bonds 5050.5 4939.4 4752.9 4787.6 4653.5 4773.9 4787.6 4794.6 4773.2 4783.8 4653.5 37

 38 Loans 1798.9 1781.4 1957.3 2119.8 2140.0 2083.4 2119.8 2101.2 2138.0 2133.6 2140.0 38

 39 Depository institution loans n.e.c. 470.1 413.4 444.8 459.0 449.2 435.5 459.0 463.6 474.3 463.8 449.2 39

 40 Other loans and advances 1139.2 1173.6 1310.4 1437.0 1454.1 1434.6 1437.0 1409.5 1434.1 1433.2 1454.1 40

 41 Mortgages 189.5 194.4 202.2 223.8 236.7 213.3 223.8 228.1 229.5 236.6 236.7 41

 42 Mutual fund shares 7870.9 9326.1 11535.2 12588.5 12843.4 12329.1 12588.5 12981.3 13141.3 12409.9 12843.4 42

 43 Trade payables 14.3 14.2 14.5 17.9 26.3 19.9 17.9 19.2 23.6 24.2 26.3 43

 44 Life insurance reserves 1302.3 1309.0 1366.3 1426.1 1484.6 1403.9 1426.1 1451.1 1460.7 1460.2 1484.6 44

 45 Pension entitlements 17313.8 18353.1 19812.5 20620.6 20971.9 20355.9 20620.6 20832.6 20935.9 20614.0 20971.9 45

 46 Taxes payable -78.0 -76.8 -59.1 -42.6 -54.0 -42.4 -42.6 -33.7 -47.1 -53.2 -54.0 46

 47 Foreign direct investment in U.S. 561.9 582.8 563.3 588.3 621.6 575.0 588.3 595.1 605.0 610.0 621.6 47

 48 Miscellaneous liabilities 6727.7 7239.1 7127.9 7442.6 7275.4 7373.6 7442.6 7500.9 7500.7 7534.2 7275.4 48

 Memo:

 49 Market value of corporate equities 4052.7 4947.4 6461.4 7320.9 7274.5 6842.8 7320.9 7457.9 7512.9 6988.2 7274.5 49

 50 Equity in noncorporate business 11.9 17.3 15.9 17.5 16.0 17.4 17.5 17.2 16.2 17.1 16.0 50

(1) Sum of financial sectors shown on tables L.109 through L.131.
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L.109 Monetary Authority (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2945.2 2955.0 4073.8 4555.4 4542.2 4507.6 4555.4 4538.9 4536.5 4541.6 4542.2 1

 2 U.S. official reserve assets 36.8 35.8 34.6 32.0 30.5 33.2 32.0 30.4 30.7 30.9 30.5 2

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

 4 Treasury currency 44.2 44.8 45.5 46.3 47.6 46.2 46.3 46.7 47.0 47.3 47.6 4

 5 Federal Reserve float (2) -0.6 -0.5 -1.0 -0.6 -0.0 -0.9 -0.6 -0.7 -0.4 -0.1 -0.0 5

 6 Interbank loans (2) 0.2 0.1 0.1 0.1 0.1 0.3 0.1 0.0 0.2 0.3 0.1 6

 7 Discount window (3) 0.2 0.1 0.1 0.1 0.1 0.3 0.1 0.0 0.2 0.3 0.1 7

 8 AMLF (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Debt securities 2605.1 2669.6 3756.2 4236.9 4242.0 4188.2 4236.9 4228.4 4228.9 4238.3 4242.0 10

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

 12 Treasury securities 1663.4 1666.1 2208.8 2461.4 2461.6 2451.7 2461.4 2459.6 2461.0 2461.9 2461.6 12

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

 14 Other Treasury securities 1645.0 1666.1 2208.8 2461.4 2461.6 2451.7 2461.4 2459.6 2461.0 2461.9 2461.6 14

 15 Agency- and GSE-backed securities 941.7 1003.4 1547.4 1775.5 1780.4 1736.4 1775.5 1768.8 1768.0 1776.3 1780.4 15

 16 Mortgage-backed securities 837.7 926.7 1490.2 1736.8 1747.5 1696.4 1736.8 1731.9 1732.1 1741.2 1747.5 16

 17 Other agency- and GSE-backed securities 104.0 76.8 57.2 38.7 32.9 40.0 38.7 36.9 35.9 35.1 32.9 17

 18 Loans (depository institution loans n.e.c.) 30.5 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 Households (TALF) (5) 9.0 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Brokers and dealers (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Funding corporations (7) 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

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

 23 Corporate equities (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Miscellaneous assets 223.9 199.5 233.1 235.5 216.8 235.4 235.5 228.9 224.9 219.7 216.8 24

 25 Nonofficial foreign currencies (9) 99.8 8.9 0.3 1.5 1.0 0.2 1.5 0.8 0.6 0.7 1.0 25

 26 Other 124.0 190.6 232.8 233.9 215.8 235.2 233.9 228.1 224.3 219.1 215.8 26

 27 Total liabilities 2918.3 2927.6 4046.3 4526.8 4532.2 4479.4 4526.8 4510.0 4507.4 4512.3 4532.2 27

 28 Depository institution reserves 1562.3 1491.0 2249.1 2378.0 1977.2 2537.8 2378.0 2437.3 2242.5 2197.7 1977.2 28

 29 Vault cash of depository institutions 60.8 71.1 73.6 75.7 74.2 64.7 75.7 67.8 68.3 67.6 74.2 29

 30 Checkable deposits and currency 1165.7 1224.6 1364.1 1516.4 1720.8 1416.4 1516.4 1417.7 1588.3 1557.3 1720.8 30

 31 Due to federal government 85.9 92.9 162.6 223.7 333.7 158.5 223.7 100.3 254.4 198.9 333.7 31

 32 Treasury cash holdings 0.1 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.1 0.2 0.3 32

 33 Treasury general deposit account 85.7 92.7 162.4 223.5 333.4 158.3 223.5 100.1 254.3 198.7 333.4 33

 34 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 Due to rest of the world 0.2 6.5 8.0 5.3 5.2 5.3 5.3 5.2 5.3 6.2 5.2 35

 36 Due to government-sponsored enterprises 64.6 27.2 25.9 20.2 31.1 26.9 20.2 20.9 28.2 32.1 31.1 36

 37 Currency outside banks 1015.0 1098.1 1167.6 1267.3 1350.8 1225.7 1267.3 1291.3 1300.4 1320.0 1350.8 37

 38 Security repurchase agreements 99.9 107.2 315.9 509.8 712.4 410.1 509.8 536.9 558.2 641.1 712.4 38

 39 Reverse repurchase agreement operations (10) 0.0 0.0 197.8 396.7 474.6 300.0 396.7 378.5 392.6 449.6 474.6 39

 40 Other 99.9 107.2 118.2 113.1 237.8 110.1 113.1 158.4 165.6 191.5 237.8 40

 41 Miscellaneous liabilities 29.7 33.7 43.5 47.0 47.6 50.3 47.0 50.4 50.1 48.7 47.6 41

 42 Federal Reserve Bank stock 26.9 27.4 27.5 28.6 29.5 28.2 28.6 28.8 29.1 29.3 29.5 42

 43 Other 2.8 6.3 16.0 18.4 18.1 22.2 18.4 21.6 21.0 19.4 18.1 43

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

(2) Shown on table L.203, line 23.

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

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

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

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

(7) Includes loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, AIG, Maiden Lane III LLC, and the Commercial Paper Funding Facility LLC.

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

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

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

(10) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).
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L.110 Private Depository Institutions (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 14580.2 14985.6 15920.5 16897.9 17368.2 16763.4 16897.9 17140.3 17164.1 17253.4 17368.2 1

 2 Vault cash 60.8 71.1 73.6 75.7 74.2 64.7 75.7 67.8 68.3 67.6 74.2 2

 3 Reserves at Federal Reserve 1562.3 1491.0 2249.1 2378.0 1977.2 2537.8 2378.0 2437.3 2242.5 2197.7 1977.2 3

 4 Federal funds and security repos 378.6 490.6 392.6 403.2 428.4 414.8 403.2 414.9 419.5 410.8 428.4 4

 5 Debt securities 3208.7 3399.1 3445.3 3662.1 3859.0 3602.4 3662.1 3728.8 3752.7 3766.6 3859.0 5

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

 7 Treasury securities 252.9 339.5 304.4 499.8 530.8 446.9 499.8 501.4 506.6 500.6 530.8 7

 8 Agency- and GSE-backed securities 1851.7 1901.3 1943.8 1970.0 2124.7 1974.0 1970.0 2025.8 2057.4 2062.5 2124.7 8

 9 Municipal securities 303.9 371.9 427.0 458.0 505.4 448.0 458.0 471.9 483.4 494.7 505.4 9

 10 Corporate and foreign bonds 800.2 786.3 770.2 734.2 698.2 733.5 734.2 729.7 705.4 708.8 698.2 10

 11 Loans 8038.3 8278.0 8519.5 9087.2 9754.2 8875.2 9087.2 9174.0 9381.3 9516.9 9754.2 11

 12 Depository institution loans n.e.c. 2186.5 2393.3 2590.2 2910.2 3207.3 2785.7 2910.2 2988.1 3073.6 3099.6 3207.3 12

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

 14 Mortgages 4436.2 4422.4 4392.1 4531.1 4776.8 4490.7 4531.1 4566.1 4635.3 4700.4 4776.8 14

 15 Consumer credit 1415.6 1462.3 1537.1 1645.9 1770.1 1598.7 1645.9 1619.9 1672.3 1717.0 1770.1 15

 16 Corporate equities 67.4 71.3 101.3 108.5 100.8 105.4 108.5 109.0 108.2 93.5 100.8 16

 17 Mutual fund shares 43.5 48.1 60.1 61.8 56.8 61.9 61.8 61.4 62.0 55.6 56.8 17

 18 Life insurance reserves 125.5 138.0 143.8 149.6 156.2 147.9 149.6 150.9 153.1 154.5 156.2 18

 19 U.S. direct investment abroad 272.5 277.0 268.5 252.9 250.9 275.4 252.9 254.1 256.4 255.2 250.9 19

 20 Miscellaneous assets 822.8 721.4 666.7 718.8 710.4 677.9 718.8 742.0 720.3 735.0 710.4 20

 21 Total liabilities 14908.7 15539.0 16432.8 17544.9 17990.8 17355.8 17544.9 17728.3 17729.6 17821.9 17990.8 21

 22 Net interbank liabilities 266.0 121.7 490.2 411.6 310.4 586.6 411.6 401.8 363.3 356.4 310.4 22

 23 Checkable deposits 1428.6 1629.2 1822.3 2021.2 2109.2 1940.5 2021.2 2023.6 2054.1 2000.8 2109.2 23

 24 Small time and savings deposits 7202.2 7803.9 8110.8 8475.8 8990.7 8431.3 8475.8 8762.6 8708.7 8844.7 8990.7 24

 25 Large time deposits 1750.0 1659.9 1762.0 1972.9 1865.4 1833.5 1972.9 1920.7 1919.5 1917.0 1865.4 25

 26 Federal funds and security repos 706.9 674.9 582.1 607.5 603.4 625.3 607.5 598.6 601.0 581.3 603.4 26

 27 Debt securities 500.1 383.4 280.7 263.5 254.2 263.4 263.5 243.6 244.7 247.3 254.2 27

 28 Open market paper 120.6 87.5 59.7 54.5 53.6 54.7 54.5 49.0 50.1 51.1 53.6 28

 29 Corporate bonds 379.4 295.9 221.0 209.0 200.6 208.7 209.0 194.6 194.5 196.2 200.6 29

 30 Loans (other loans and advances) 356.2 361.8 437.0 503.6 543.2 479.8 503.6 470.9 518.0 505.1 543.2 30

 31 Taxes payable (net) -49.1 -47.6 -47.4 -32.3 -36.7 -35.3 -32.3 -27.5 -34.4 -32.2 -36.7 31

 32 Foreign direct investment in U.S. 176.6 207.7 215.9 219.3 226.5 214.5 219.3 217.6 222.1 222.4 226.5 32

 33 Miscellaneous liabilities 2571.1 2744.1 2779.2 3101.8 3124.5 3016.1 3101.8 3116.3 3132.6 3179.2 3124.5 33

 34 Investment by holding companies 1709.0 1889.2 1937.2 2133.2 2171.3 2059.2 2133.2 2112.8 2141.6 2160.8 2171.3 34

 35 Investment by funding corporations 137.8 126.0 123.5 103.2 105.4 127.8 103.2 96.2 109.1 108.4 105.4 35

 36 Other 724.3 728.9 718.4 865.4 847.9 829.0 865.4 907.3 881.8 910.1 847.9 36

 Memo:

 37 Consumer leases not included above (2) 6.0 6.5 7.9 8.6 8.0 8.6 8.6 8.6 8.6 8.3 8.0 37

(1) U.S.-chartered depository institutions (L.111), foreign banking offices (L.112), banks in U.S.-affiliated areas (L.113), and credit unions (L.114).

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

 The leased automobile is a nonfinancial asset.
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L.111 U.S.-Chartered Depository Institutions

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 11839.5 12218.4 12795.4 13646.6 14182.2 13365.9 13646.6 13868.0 13855.0 13948.6 14182.2 1

 2 Vault cash 60.8 71.1 73.6 75.6 74.2 64.7 75.6 67.8 68.3 67.6 74.2 2

 3 Reserves at Federal Reserve 798.7 798.5 1252.9 1443.6 1235.6 1411.1 1443.6 1505.4 1305.8 1278.8 1235.6 3

 4 Federal funds and security repos 242.6 302.7 215.4 185.0 209.8 196.0 185.0 215.1 208.9 212.3 209.8 4

 5 Debt securities 2658.2 2821.8 2912.4 3153.9 3368.3 3077.8 3153.9 3223.9 3262.8 3276.3 3368.3 5

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

 7 Treasury securities 173.9 243.2 217.1 420.4 435.2 359.0 420.4 421.3 424.2 420.9 435.2 7

 8 Agency- and GSE-backed securities 1634.1 1669.6 1717.3 1760.3 1924.7 1758.2 1760.3 1815.0 1845.5 1861.5 1924.7 8

 9 Residential mortgage pass-through securities 899.1 912.8 953.5 979.7 1129.7 975.2 979.7 1024.3 1058.7 1077.8 1129.7 9

 10 Commercial mortgage pass-through securities 8.2 21.7 30.3 42.4 61.5 41.4 42.4 45.9 49.4 53.8 61.5 10

 11 Residential CMOs and other structured MBS 473.8 454.6 431.0 444.0 443.9 444.2 444.0 448.8 442.0 440.8 443.9 11

 12 Commercial CMOs and other structured MBS 13.4 42.9 66.8 81.4 96.7 76.5 81.4 83.6 85.7 89.4 96.7 12

 13 Other 239.6 237.7 235.7 212.7 193.0 220.9 212.7 212.3 209.6 199.6 193.0 13

 14 Municipal securities 297.3 365.0 418.9 451.5 498.9 440.4 451.5 465.2 476.6 488.1 498.9 14

 15 Corporate and foreign bonds 553.0 544.0 559.2 521.7 509.5 520.1 521.7 522.4 516.5 505.8 509.5 15

 16 Priv. residential mortgage pass-through securities 3.5 18.7 28.7 22.7 14.7 23.7 22.7 21.2 19.5 17.1 14.7 16

 17 Priv. commercial mortgage pass-through securities 8.9 9.3 8.0 5.6 3.0 5.8 5.6 5.1 3.7 3.2 3.0 17

 18 Priv. residential CMOs and other structured MBS 110.4 88.4 73.7 68.2 56.2 70.3 68.2 65.4 63.6 60.8 56.2 18

 19 Priv. commercial CMOs and other structured MBS 27.4 32.7 37.3 42.7 53.3 39.2 42.7 46.0 48.1 50.0 53.3 19

 20 Other 402.9 394.9 411.4 382.6 382.3 381.0 382.6 384.7 381.5 374.8 382.3 20

 21 Loans 6867.4 7089.5 7241.4 7670.0 8189.9 7510.4 7670.0 7722.7 7889.8 7990.8 8189.9 21

 22 Depository institution loans n.e.c. 1625.3 1842.0 1986.4 2236.2 2465.3 2147.1 2236.2 2286.8 2360.0 2377.9 2465.3 22

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

 24 Mortgages 4049.6 4028.8 3983.5 4090.7 4296.3 4057.9 4090.7 4123.8 4180.2 4229.2 4296.3 24

 25 Consumer credit 1192.6 1218.6 1271.6 1343.1 1428.3 1305.4 1343.1 1312.1 1349.6 1383.6 1428.3 25

 26 Corporate equities 67.4 71.3 101.3 108.5 100.8 105.4 108.5 109.0 108.1 93.5 100.8 26

 27 Mutual fund shares 41.7 45.8 57.9 59.7 54.9 59.8 59.7 59.4 59.9 53.5 54.9 27

 28 Life insurance reserves 125.5 138.0 143.8 149.6 156.2 147.9 149.6 150.9 153.1 154.5 156.2 28

 29 U.S. direct investment abroad 272.5 277.0 268.5 252.9 250.9 275.4 252.9 254.1 256.4 255.2 250.9 29

 30 Miscellaneous assets 704.8 602.8 528.1 547.7 541.5 517.5 547.7 559.6 541.9 566.3 541.5 30

 31 Total liabilities 12155.6 12719.4 13299.2 14293.7 14792.8 13946.2 14293.7 14472.1 14424.3 14506.2 14792.8 31

 32 Net interbank liabilities 164.9 36.7 227.8 282.0 229.5 329.7 282.0 302.6 202.8 166.5 229.5 32

 33 Federal Reserve float -0.6 -0.5 -1.0 -0.6 -0.0 -0.9 -0.6 -0.7 -0.4 -0.1 -0.0 33

 34 Borrowing from Federal Reserve banks 0.2 0.1 0.1 0.1 0.1 0.3 0.1 0.0 0.2 0.3 0.1 34

 35 To domestic banks 62.1 18.7 57.2 12.0 -5.0 55.0 12.0 4.1 -5.3 -3.9 -5.0 35

 36 To foreign banks 103.3 18.5 171.4 270.4 234.4 275.3 270.4 299.3 208.3 170.2 234.4 36

 37 Checkable deposits 1260.5 1431.7 1579.8 1716.1 1766.4 1670.1 1716.1 1698.6 1717.2 1671.9 1766.4 37

 38 Federal government 1.0 1.3 1.6 2.5 2.3 2.1 2.5 2.5 2.3 2.3 2.3 38

 39 Private domestic 1203.5 1378.5 1527.1 1660.2 1727.4 1615.6 1660.2 1643.8 1667.6 1633.9 1727.4 39

 40 Rest of the world 56.1 51.8 51.2 53.3 36.7 52.5 53.3 52.3 47.3 35.6 36.7 40

 41 Small time and savings deposits 6425.7 6979.2 7236.0 7579.8 8042.0 7537.5 7579.8 7802.9 7780.9 7906.7 8042.0 41

 42 Large time deposits 882.9 803.0 826.9 929.3 951.2 745.9 929.3 924.2 919.7 948.2 951.2 42

 43 Federal funds and security repos 402.5 349.9 269.4 236.2 196.8 249.9 236.2 228.7 226.2 205.9 196.8 43

 44 Debt securities 500.1 383.4 280.7 263.5 254.2 263.4 263.5 243.6 244.7 247.3 254.2 44

 45 Open market paper 120.6 87.5 59.7 54.5 53.6 54.7 54.5 49.0 50.1 51.1 53.6 45

 46 Corporate bonds 379.4 295.9 221.0 209.0 200.6 208.7 209.0 194.6 194.5 196.2 200.6 46

 47 Loans (other loans and advances) 331.9 336.6 410.0 468.2 498.5 446.6 468.2 435.9 478.1 460.2 498.5 47

 48 Taxes payable (net) -49.1 -47.6 -47.4 -32.3 -36.7 -35.3 -32.3 -27.5 -34.4 -32.2 -36.7 48

 49 Miscellaneous liabilities 2236.1 2446.4 2516.2 2851.0 2890.9 2738.3 2851.0 2863.0 2889.1 2931.9 2890.9 49

 50 Investment by holding companies 1709.0 1889.2 1937.2 2133.2 2171.3 2059.2 2133.2 2112.8 2141.6 2160.8 2171.3 50

 51 Other 527.1 557.2 578.9 717.8 719.6 679.1 717.8 750.3 747.5 771.1 719.6 51

 Memo:

 52 Consumer leases not included above (1) 6.0 6.5 7.9 8.6 8.0 8.6 8.6 8.6 8.6 8.3 8.0 52

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

 The leased automobile is a nonfinancial asset.
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L.112 Foreign Banking Offices in U.S. (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1736.4 1720.6 2037.1 2093.4 1951.5 2265.3 2093.4 2082.2 2105.8 2090.1 1951.5 1

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

 3 Reserves at Federal Reserve 711.0 638.8 948.0 888.8 690.3 1087.8 888.8 872.3 886.7 871.1 690.3 3

 4 Federal funds and security repos 120.1 178.3 177.1 218.1 218.5 218.7 218.1 199.8 210.5 198.5 218.5 4

 5 Debt securities 327.8 339.2 288.8 274.3 265.3 279.7 274.3 265.8 253.3 262.7 265.3 5

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

 7 Treasury securities 60.5 76.6 67.0 56.5 69.8 60.4 56.5 55.7 57.3 54.7 69.8 7

 8 Agency- and GSE-backed securities 30.6 32.1 25.4 20.5 23.1 20.5 20.5 19.3 23.3 20.9 23.1 8

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

 10 Corporate and foreign bonds 236.7 230.5 196.4 197.3 172.4 198.9 197.3 190.8 172.8 187.2 172.4 10

 11 Loans 533.4 520.5 566.2 640.9 719.0 604.8 640.9 668.5 685.4 696.8 719.0 11

 12 Depository institution loans n.e.c. 500.6 489.6 535.9 603.3 667.6 569.4 603.3 631.1 644.4 650.1 667.6 12

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

 14 Mortgages 32.8 30.9 30.3 37.6 51.3 35.5 37.6 37.4 41.0 46.6 51.3 14

 15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Miscellaneous assets 44.2 43.9 57.0 71.3 58.4 74.2 71.3 75.8 69.9 61.0 58.4 16

 17 Total liabilities 1851.1 1878.9 2146.2 2205.2 2081.5 2385.7 2205.2 2180.7 2217.0 2219.0 2081.5 17

 18 Net interbank liabilities 157.5 155.6 330.6 197.7 145.7 323.8 197.7 166.9 229.6 257.0 145.7 18

 19 To foreign banks 134.8 83.6 242.8 174.4 117.4 298.6 174.4 139.0 202.7 225.7 117.4 19

 20 To domestic banks 22.7 72.0 87.8 23.3 28.3 25.3 23.3 27.9 26.9 31.3 28.3 20

 21 Checkable deposits 45.6 61.8 92.6 137.8 154.1 114.2 137.8 149.4 161.2 152.8 154.1 21

 22 Small time and savings deposits 48.9 62.7 90.4 84.5 97.5 89.7 84.5 126.4 88.8 96.8 97.5 22

 23 Large time deposits 814.6 798.4 869.5 971.8 837.4 1019.8 971.8 924.7 926.3 893.9 837.4 23

 24 Federal funds and security repos 304.4 325.0 312.7 371.3 406.6 375.4 371.3 369.9 374.8 375.4 406.6 24

 25 Debt securities (open market paper) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Foreign direct investment in U.S. 176.6 207.7 215.9 219.3 226.5 214.5 219.3 217.6 222.1 222.4 226.5 26

 27 Miscellaneous liabilities 303.4 267.8 234.6 222.8 213.7 248.4 222.8 225.7 214.2 220.8 213.7 27

 28 Investment by funding corporations 137.8 126.0 123.5 103.2 105.4 127.8 103.2 96.2 109.1 108.4 105.4 28

 29 Other 165.6 141.7 111.1 119.6 108.3 120.5 119.6 129.4 105.1 112.4 108.3 29

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

(2) Bankers’ acceptances.
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L.113 Banks in U.S.-Affiliated Areas (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 75.8 75.8 84.7 91.9 88.5 81.0 91.9 85.8 90.9 89.4 88.5 1

 2 Debt securities 13.5 10.9 12.4 11.1 11.9 11.4 11.1 11.1 11.4 11.4 11.9 2

 3 Treasury securities 1.0 0.4 1.2 1.3 2.4 1.3 1.3 1.5 1.8 2.2 2.4 3

 4 Agency- and GSE-backed securities 4.8 2.6 1.9 1.7 1.8 1.8 1.7 1.5 1.8 1.8 1.8 4

 5 Municipal securities 3.4 2.6 3.6 2.7 2.1 2.6 2.7 2.7 2.5 2.2 2.1 5

 6 Corporate and foreign bonds 4.2 5.2 5.8 5.3 5.6 5.7 5.3 5.4 5.3 5.2 5.6 6

 7 Loans 50.5 53.0 51.8 47.4 41.7 48.3 47.4 43.4 42.6 41.9 41.7 7

 8 Depository institution loans n.e.c. 17.1 18.1 19.4 17.1 15.1 17.4 17.1 15.6 15.5 15.1 15.1 8

 9 Home mortgages 17.8 20.0 18.9 17.4 15.8 17.6 17.4 16.5 16.3 16.1 15.8 9

 10 Commercial mortgages 15.6 14.9 13.5 13.0 10.8 13.3 13.0 11.3 10.8 10.8 10.8 10

 11 Miscellaneous assets 11.8 12.0 20.5 33.4 34.9 21.3 33.4 31.3 36.9 36.1 34.9 11

 12 Total liabilities 72.1 72.0 80.5 87.6 84.2 77.1 87.6 82.3 87.8 85.4 84.2 12

 13 Net interbank liabilities -4.6 -4.9 -4.7 -5.3 -5.1 -5.2 -5.3 -5.7 -6.2 -5.4 -5.1 13

 14 Checkable deposits 19.4 21.9 28.2 33.4 35.0 27.8 33.4 33.0 35.8 35.4 35.0 14

 15 Small time and savings deposits 18.9 18.8 21.4 23.4 21.9 20.9 23.4 21.6 22.8 22.3 21.9 15

 16 Large time deposits 18.9 18.8 21.4 23.4 21.9 20.9 23.4 21.6 22.8 22.3 21.9 16

 17 Miscellaneous liabilities 19.4 17.3 14.3 12.7 10.4 12.6 12.7 11.8 12.6 10.9 10.4 17

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

L.114 Credit Unions

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

 1 Total financial assets 928.5 970.8 1003.3 1065.9 1146.0 1051.2 1065.9 1104.4 1112.5 1125.2 1146.0 1

 2 Reserves at Federal Reserve 52.6 53.8 48.1 45.7 51.2 39.0 45.7 59.6 49.9 47.7 51.2 2

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

 4 Debt securities 209.2 227.2 231.7 222.8 213.6 233.6 222.8 228.1 225.3 216.2 213.6 4

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

 6 Treasury securities 17.6 19.3 19.1 21.6 23.4 26.2 21.6 22.9 23.3 22.9 23.4 6

 7 Agency- and GSE-backed securities 182.1 197.0 199.2 187.5 175.1 193.6 187.5 190.1 186.9 178.3 175.1 7

 8 Municipal securities 3.2 4.2 4.6 3.8 4.3 5.0 3.8 3.9 4.2 4.4 4.3 8

 9 Corporate and foreign bonds 6.3 6.7 8.9 9.9 10.8 8.8 9.9 11.1 10.9 10.7 10.8 9

 10 Loans 587.0 615.1 660.1 728.9 803.6 711.6 728.9 739.4 763.5 787.5 803.6 10

 11 Depository institution loans n.e.c. 43.5 43.6 48.7 53.7 59.3 51.9 53.7 54.6 53.7 56.4 59.3 11

 12 Home mortgages 320.5 327.8 345.9 372.5 402.6 366.5 372.5 377.1 387.1 397.7 402.6 12

 13 Consumer credit 223.0 243.6 265.6 302.8 341.7 293.3 302.8 307.7 322.7 333.4 341.7 13

 14 Mutual fund shares 1.9 2.3 2.2 2.1 1.9 2.1 2.1 2.0 2.1 2.1 1.9 14

 15 Miscellaneous assets 61.9 62.7 61.1 66.4 75.7 65.0 66.4 75.3 71.6 71.6 75.7 15

 16 Total liabilities 830.0 868.7 906.9 958.4 1032.3 946.8 958.4 993.3 1000.5 1011.3 1032.3 16

 17 Net interbank liabilities -51.9 -65.7 -63.5 -62.8 -59.7 -61.7 -62.8 -62.0 -62.9 -61.7 -59.7 17

 18 Shares/deposits 845.3 896.6 929.2 970.4 1037.7 958.5 970.4 1004.5 1006.8 1012.3 1037.7 18

 19 Checkable 103.1 113.9 121.7 133.9 153.6 128.4 133.9 142.6 139.9 140.7 153.6 19

 20 Small time and savings 708.7 743.1 763.1 788.1 829.3 783.3 788.1 811.7 816.2 818.9 829.3 20

 21 Large time 33.5 39.7 44.3 48.4 54.8 46.8 48.4 50.2 50.7 52.7 54.8 21

 22 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Loans (other loans and advances) 24.3 25.2 27.1 35.5 44.8 33.2 35.5 35.0 40.0 44.9 44.8 23

 24 Miscellaneous liabilities 12.2 12.6 14.1 15.3 9.5 16.8 15.3 15.8 16.6 15.7 9.5 24
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L.115 Property-Casualty Insurance Companies

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1380.7 1442.7 1536.2 1580.1 1591.3 1574.7 1580.1 1577.7 1579.3 1575.0 1591.3 1

 2 Checkable deposits and currency 24.1 36.4 29.7 35.6 34.5 35.7 35.6 35.4 30.4 34.2 34.5 2

 3 Money market fund shares 20.0 22.3 20.1 18.3 17.9 19.4 18.3 18.2 18.0 18.3 17.9 3

 4 Security repurchase agreements 2.4 1.7 1.7 1.6 1.8 1.7 1.6 1.7 1.6 1.8 1.8 4

 5 Debt securities 921.9 922.2 950.8 964.6 971.2 959.9 964.6 960.3 963.8 967.3 971.2 5

 6 Open market paper 8.8 7.4 8.1 7.9 7.9 8.2 7.9 7.9 7.8 7.9 7.9 6

 7 Treasury securities 96.4 89.7 96.1 102.0 103.2 101.2 102.0 101.6 101.5 102.3 103.2 7

 8 Agency- and GSE-backed securities 122.7 114.3 109.5 105.2 105.9 106.0 105.2 104.8 105.2 105.5 105.9 8

 9 Municipal securities 331.0 328.1 326.4 321.7 323.4 322.1 321.7 320.3 321.6 322.6 323.4 9

 10 Corporate and foreign bonds 363.1 382.7 410.8 427.7 430.7 422.4 427.7 425.8 427.7 429.0 430.7 10

 11 Loans (commercial mortgages) 4.9 5.6 7.9 9.9 12.0 9.3 9.9 10.4 10.9 11.5 12.0 11

 12 Corporate equities 220.8 252.2 310.4 325.4 313.6 319.1 325.4 320.3 316.5 302.0 313.6 12

 13 Mutual fund shares 9.1 11.8 14.8 16.8 19.0 16.2 16.8 17.5 18.2 17.7 19.0 13

 14 Trade receivables 87.2 92.0 95.2 100.8 107.6 103.4 100.8 106.1 109.3 110.7 107.6 14

 15 U.S. direct investment abroad 90.2 98.5 105.5 107.1 113.6 110.0 107.1 107.6 110.4 111.3 113.6 15

 16 Miscellaneous assets (equity in FHLB) 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 16

 17 Total liabilities 859.7 864.1 869.1 889.3 897.0 887.3 889.3 886.4 889.9 893.2 897.0 17

 18 Security repurchase agreements 3.1 2.1 1.5 1.0 1.4 1.1 1.0 1.1 1.1 1.3 1.4 18

 19 Loans (other loans and advances) 0.9 1.3 2.1 2.2 2.6 2.1 2.2 2.2 2.4 2.4 2.6 19

 20 Taxes payable (net) -14.5 -10.8 8.4 10.3 4.0 10.2 10.3 10.6 5.9 0.1 4.0 20

 21 Foreign direct investment in U.S. 73.9 58.1 44.1 47.9 46.2 44.6 47.9 47.3 47.0 45.7 46.2 21

 22 Miscellaneous liabilities 796.4 813.4 813.1 827.8 842.9 829.3 827.8 825.0 833.4 843.7 842.9 22

 23 Investment by parent companies 0.0 11.2 5.2 5.3 4.5 5.1 5.3 3.9 4.6 4.8 4.5 23

 24 Policy payables 796.4 802.1 807.8 822.5 838.3 824.2 822.5 821.1 828.8 838.9 838.3 24
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L.116 Life Insurance Companies (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 5340.1 5614.7 5977.3 6227.1 6350.0 6144.5 6227.1 6316.8 6301.9 6230.0 6350.0 1

 2 Checkable deposits and currency 53.7 56.4 47.2 50.8 50.4 52.9 50.8 50.3 43.3 54.1 50.4 2

 3 Money market fund shares 28.8 27.5 21.6 27.7 29.2 22.6 27.7 26.6 24.7 29.1 29.2 3

 4 Security repurchase agreements 6.1 8.2 2.9 3.4 7.5 6.7 3.4 5.7 5.5 5.8 7.5 4

 5 Debt securities 2818.5 2879.1 2934.2 3004.3 3085.2 3000.2 3004.3 3030.0 3046.2 3073.3 3085.2 5

 6 Open market paper 29.7 43.6 46.7 42.2 42.5 40.3 42.2 43.2 41.8 45.5 42.5 6

 7 Treasury securities 175.4 180.9 168.6 182.9 196.6 178.9 182.9 193.3 191.1 195.2 196.6 7

 8 Agency- and GSE-backed securities 374.4 360.9 354.1 339.1 339.1 344.5 339.1 338.6 342.4 341.9 339.1 8

 9 Municipal securities 121.8 131.5 141.6 147.8 151.9 147.0 147.8 148.1 149.0 150.4 151.9 9

 10 Corporate and foreign bonds 2117.3 2162.2 2223.0 2292.3 2355.2 2289.5 2292.3 2306.8 2321.9 2340.3 2355.2 10

 11 Loans 481.1 494.8 517.1 546.6 579.1 536.3 546.6 552.5 560.5 570.5 579.1 11

 12 Other loans and advances 148.6 150.4 153.9 161.9 163.7 159.9 161.9 162.8 161.2 162.0 163.7 12

 13 Mortgages 332.5 344.4 363.2 384.8 415.4 376.4 384.8 389.7 399.3 408.5 415.4 13

 14 Corporate equities 1355.5 1502.7 1743.4 1798.4 1773.0 1770.3 1798.4 1828.9 1819.5 1690.5 1773.0 14

 15 Mutual fund shares 184.8 201.7 235.8 246.4 242.2 242.5 246.4 248.7 249.4 233.8 242.2 15

 16 U.S. direct investment abroad 54.2 69.1 72.2 72.8 75.8 73.6 72.8 74.7 76.0 75.3 75.8 16

 17 Miscellaneous assets 357.4 375.2 403.0 476.6 507.6 439.4 476.6 499.4 476.7 497.7 507.6 17

 18 Equity in FHLB 2.0 2.0 2.9 3.0 3.0 3.0 3.0 3.1 3.2 3.1 3.0 18

 19 Deferred and unpaid life ins. premiums 24.3 24.9 27.9 29.1 31.2 29.6 29.1 30.2 31.0 30.6 31.2 19

 20 Other 331.1 348.2 372.2 444.5 473.3 406.8 444.5 466.1 442.5 464.0 473.3 20

 21 Total liabilities 5002.2 5248.8 5602.8 5828.1 5958.5 5746.4 5828.1 5913.9 5903.6 5830.8 5958.5 21

 22 Security repurchase agreements 12.1 14.4 20.9 21.9 22.8 22.5 21.9 22.1 22.4 22.4 22.8 22

 23 Loans (other loans and advances) 44.9 48.2 50.1 51.9 57.9 51.4 51.9 54.1 55.9 57.0 57.9 23

 24 Life insurance reserves 1302.3 1309.0 1366.3 1426.1 1484.6 1403.9 1426.1 1451.1 1460.7 1460.2 1484.6 24

 25 Pension entitlements (2) 2258.6 2446.8 2726.5 2847.4 2874.6 2800.3 2847.4 2874.8 2875.7 2794.9 2874.6 25

 26 Taxes payable (net) -23.6 -28.3 -30.5 -32.4 -32.7 -30.4 -32.4 -29.9 -31.3 -33.5 -32.7 26

 27 Foreign direct investment in U.S. 103.6 105.3 88.1 101.4 106.9 93.9 101.4 108.4 109.2 109.0 106.9 27

 28 Miscellaneous liabilities 1304.3 1353.4 1381.5 1411.9 1444.4 1404.7 1411.9 1433.3 1411.1 1420.9 1444.4 28

 29 Investment by parent companies 72.0 17.2 10.7 11.5 12.0 11.5 11.5 11.8 11.8 12.1 12.0 29

 30 Funding agreements backing securities (3) 70.0 69.6 61.1 70.4 72.0 67.2 70.4 71.9 70.4 67.4 72.0 30

 31 Other reserves (4) 305.5 303.7 304.2 310.0 318.9 311.5 310.0 313.5 314.0 319.0 318.9 31

 32 Unallocated insurance contracts 623.0 639.5 655.4 650.1 645.9 643.8 650.1 657.2 655.5 629.9 645.9 32

 33 Other 233.8 323.4 350.1 370.0 395.7 370.7 370.0 378.9 359.3 392.6 395.7 33

(1) Additional detail on the financial assets and liabilities held in life insurer’s general and separate accounts is available on tables L.116.g and L.116.s.

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 32.

(3) Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.

(4) Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
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L.116.g Life Insurance Companies: General Accounts

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3512.5 3570.3 3657.0 3812.9 3896.2 3770.0 3812.9 3792.0 3797.6 3867.2 3896.2 1

 2 Checkable deposits and currency 35.3 36.7 31.9 35.4 34.5 37.6 35.4 34.4 27.4 38.3 34.5 2

 3 Money market fund shares 28.8 27.5 21.6 27.7 29.2 22.6 27.7 26.6 24.7 29.1 29.2 3

 4 Security repurchase agreements 6.1 8.2 2.9 3.4 7.5 6.7 3.4 5.7 5.5 5.8 7.5 4

 5 Debt securities 2538.4 2561.3 2610.9 2682.0 2719.4 2678.1 2682.0 2667.4 2683.1 2709.7 2719.4 5

 6 Open market paper 8.6 24.5 25.9 19.8 18.3 18.4 19.8 20.1 18.7 22.0 18.3 6

 7 Treasury securities 139.2 140.5 129.2 138.3 141.7 135.8 138.3 139.8 137.5 139.9 141.7 7

 8 Agency- and GSE-backed securities 282.0 277.1 270.5 267.2 266.8 269.8 267.2 263.3 267.4 269.5 266.8 8

 9 Municipal securities 117.5 126.6 135.7 141.0 143.4 140.4 141.0 140.3 141.1 142.3 143.4 9

 10 Corporate and foreign bonds 1991.0 1992.6 2049.6 2115.6 2149.2 2113.7 2115.6 2103.9 2118.5 2135.9 2149.2 10

 11 Loans 471.0 486.0 506.4 534.5 553.2 524.6 534.5 527.4 535.4 545.0 553.2 11

 12 Other loans and advances 148.1 150.0 153.6 161.5 158.4 159.5 161.5 157.6 156.1 156.8 158.4 12

 13 Mortgages 322.9 336.0 352.8 373.0 394.8 365.0 373.0 369.8 379.4 388.2 394.8 13

 14 Corporate equities 75.3 74.0 76.5 82.1 86.0 83.0 82.1 82.4 85.2 83.5 86.0 14

 15 Mutual fund shares 3.1 3.4 3.7 3.9 3.8 3.8 3.9 3.9 3.9 3.7 3.8 15

 16 U.S. direct investment abroad 54.2 69.1 72.2 72.8 75.8 73.6 72.8 74.7 76.0 75.3 75.8 16

 17 Miscellaneous assets 300.3 304.1 330.8 371.2 386.9 340.0 371.2 369.6 356.1 376.9 386.9 17

 18 Total liabilities 3170.3 3198.0 3275.9 3406.8 3497.6 3364.9 3406.8 3382.0 3392.3 3460.9 3497.6 18

 19 Security repurchase agreements 12.1 14.4 20.9 21.9 22.8 22.5 21.9 22.1 22.4 22.4 22.8 19

 20 Loans (other loans and advances) 44.9 48.2 50.1 51.9 57.9 51.4 51.9 54.1 55.9 57.0 57.9 20

 21 Life insurance reserves 1074.5 1068.3 1096.6 1142.7 1169.3 1126.8 1142.7 1128.2 1140.4 1157.5 1169.3 21

 22 Pension entitlements (1) 921.9 927.5 981.7 1031.2 1066.0 1020.3 1031.2 1004.0 1019.8 1052.3 1066.0 22

 23 Taxes payable (net) -23.6 -28.3 -30.5 -32.4 -32.7 -30.4 -32.4 -29.9 -31.3 -33.5 -32.7 23

 24 Foreign direct investment in U.S. 103.6 105.3 88.1 101.4 106.9 93.9 101.4 108.4 109.2 109.0 106.9 24

 25 Miscellaneous liabilities 1036.9 1062.7 1069.0 1090.1 1107.4 1080.4 1090.1 1095.0 1075.9 1096.3 1107.4 25

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

L.116.s Life Insurance Companies: Separate Accounts

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

 1 Total financial assets 1827.6 2044.4 2320.3 2414.2 2453.8 2374.5 2414.2 2524.8 2504.3 2362.9 2453.8 1

 2 Checkable deposits and currency 18.4 19.7 15.3 15.4 15.9 15.4 15.4 15.9 15.8 15.8 15.9 2

 3 Debt securities 280.1 317.8 323.2 322.3 365.8 322.0 322.3 362.7 363.1 363.6 365.8 3

 4 Open market paper 21.1 19.1 20.9 22.3 24.2 22.0 22.3 23.1 23.1 23.5 24.2 4

 5 Treasury securities 36.2 40.4 39.5 44.6 54.9 43.1 44.6 53.5 53.6 55.3 54.9 5

 6 Agency- and GSE-backed securities 92.4 83.8 83.6 71.9 72.3 74.7 71.9 75.3 75.0 72.4 72.3 6

 7 Municipal securities 4.3 4.9 5.9 6.8 8.5 6.5 6.8 7.8 7.9 8.1 8.5 7

 8 Corporate and foreign bonds 126.2 169.6 173.4 176.7 206.0 175.8 176.7 202.9 203.4 204.3 206.0 8

 9 Loans 10.1 8.8 10.7 12.1 25.9 11.8 12.1 25.1 25.1 25.5 25.9 9

 10 Other loans and advances 0.5 0.4 0.4 0.4 5.3 0.4 0.4 5.2 5.2 5.2 5.3 10

 11 Mortgages 9.6 8.5 10.4 11.8 20.7 11.4 11.8 19.9 19.9 20.3 20.7 11

 12 Corporate equities 1280.2 1428.6 1666.9 1716.4 1687.0 1687.3 1716.4 1746.5 1734.2 1607.0 1687.0 12

 13 Mutual fund shares 181.7 198.3 232.1 242.6 238.4 238.7 242.6 244.8 245.5 230.1 238.4 13

 14 Miscellaneous assets 57.2 71.1 72.1 105.4 120.7 99.3 105.4 129.9 120.6 120.8 120.7 14

 15 Total liabilities 1831.9 2050.8 2327.0 2421.3 2460.9 2381.5 2421.3 2531.9 2511.4 2369.9 2460.9 15

 16 Life insurance reserves 227.8 240.7 269.7 283.4 315.3 277.1 283.4 322.9 320.3 302.7 315.3 16

 17 Pension entitlements (1) 1336.7 1519.2 1744.8 1816.1 1808.6 1780.1 1816.1 1870.8 1855.9 1742.5 1808.6 17

 18 Miscellaneous liabilities 267.4 290.8 312.5 321.8 337.0 324.3 321.8 338.2 335.2 324.6 337.0 18

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 18).
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L.117 Private and Public Pension Funds (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (2) 14907.9 15745.7 16903.5 17577.3 17915.1 17362.1 17577.3 17759.1 17862.7 17629.5 17915.1 1

 2 Checkable deposits and currency 22.5 20.8 20.3 21.6 23.1 22.1 21.6 22.2 21.8 22.1 23.1 2

 3 Time and savings deposits 69.0 62.0 69.4 73.9 79.9 72.6 73.9 76.8 78.6 77.9 79.9 3

 4 Money market fund shares 195.5 174.6 190.7 186.9 194.5 186.7 186.9 188.5 189.0 190.8 194.5 4

 5 Security repurchase agreements 6.0 5.5 6.1 6.6 7.0 6.4 6.6 6.9 7.0 6.9 7.0 5

 6 Debt securities 3093.3 3293.6 3578.3 3732.8 3855.4 3659.5 3732.8 3648.3 3521.0 3414.9 3855.4 6

 7 Open market paper 84.7 76.2 85.1 91.0 97.2 90.1 91.0 95.8 98.3 96.4 97.2 7

 8 Treasury securities (3) 1791.1 1920.4 2040.1 2127.5 2214.6 2067.0 2127.5 2019.4 1890.1 1794.9 2214.6 8

 9 Agency- and GSE-backed securities 318.4 296.8 292.0 276.5 261.8 283.3 276.5 272.8 268.1 262.3 261.8 9

 10 Municipal securities 1.8 2.1 3.6 4.8 3.3 4.0 4.8 3.4 5.4 3.4 3.3 10

 11 Corporate and foreign bonds 897.2 998.1 1157.5 1233.1 1278.5 1215.2 1233.1 1256.8 1259.3 1257.9 1278.5 11

 12 Loans (mortgages) 32.9 33.1 31.8 31.7 27.5 32.5 31.7 28.7 28.5 27.7 27.5 12

 13 Corporate equities 3662.9 4065.2 4887.9 5144.5 4918.2 4970.3 5144.5 5215.6 5171.0 4727.5 4918.2 13

 14 Mutual fund shares 2408.9 2688.7 3277.7 3533.0 3487.9 3445.1 3533.0 3593.9 3606.1 3384.5 3487.9 14

 15 Miscellaneous assets 5417.0 5402.2 4841.3 4846.3 5321.6 4966.8 4846.3 4978.2 5239.6 5777.3 5321.6 15

 16 Unallocated insurance contracts (4) 623.0 639.5 655.4 650.1 645.9 643.8 650.1 657.2 655.5 629.9 645.9 16

 17 Contributions receivable 93.8 81.4 79.0 77.9 80.7 78.4 77.9 79.6 79.9 79.8 80.7 17

 18 Claims of pension fund on sponsor (5) 4027.9 3977.9 3365.2 3345.5 3798.3 3472.4 3345.5 3456.9 3715.4 4276.7 3798.3 18

 19 Other 672.4 703.3 741.8 772.9 796.8 772.2 772.9 784.6 788.8 790.9 796.8 19

 20 Pension entitlements (liabilities) (6) 15055.2 15906.3 17086.0 17773.2 18097.3 17555.5 17773.2 17957.8 18060.2 17819.2 18097.3 20

 Memo:

 Funded status of defined benefit plans:

 21 Pension entitlements 10563.6 10907.3 11196.0 11505.8 11813.0 11428.4 11505.8 11582.6 11659.6 11735.7 11813.0 21

 22 Funded by assets (7) 6535.7 6930.6 7830.8 8160.3 8014.8 7955.9 8160.3 8186.7 8071.8 7658.9 8014.8 22

 23 Unfunded (line 18) 4027.9 3976.7 3365.2 3345.5 3798.3 3472.4 3345.5 3396.0 3587.8 4076.8 3798.3 23

 24 Household retirement assets (8) 21937.5 23594.5 26058.0 27301.7 ND 26948.4 27301.7 27662.9 27797.3 27137.4 ND 24

 25 Defined benefit plans 10416.3 10746.7 11013.4 11309.9 11630.9 11234.9 11309.9 11384.0 11462.1 11546.0 11630.9 25

 26 Defined contribution plans 4491.6 4999.0 5890.0 6267.4 6284.3 6127.1 6267.4 6375.2 6400.6 6083.5 6284.3 26

 27 Individual retirement plans (IRAs) (9) 5241.0 5907.0 6966.0 7443.0 7481.3 7343.0 7443.0 7600.0 7629.0 7266.0 ND 27

 28 Annuities at life insurance companies (10) 1788.6 1941.8 2188.5 2281.4 ND 2243.3 2281.4 2303.8 2305.7 2241.9 ND 28

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

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

(3) Includes both marketable and nonmarketable government securities.

(4) Assets of pension plans held at life insurance companies; series begins 1985:Q4.

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

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

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

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

(9) IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.

(10) Annuities held in IRAs at life insurance companies are excluded. They are included in line 27.
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L.118 Private Pension Funds (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (2) 6713.4 7239.7 8061.0 8466.8 8516.9 8317.6 8466.8 8568.9 8602.0 8339.5 8516.9 1

 2 Checkable deposits and currency 18.1 16.4 15.9 16.4 17.8 16.5 16.4 16.8 16.6 17.0 17.8 2

 3 Time and savings deposits 33.0 29.1 34.0 34.0 37.0 34.1 34.0 34.9 35.3 36.0 37.0 3

 4 Money market fund shares 152.9 135.7 148.4 138.9 142.6 141.3 138.9 138.7 137.0 140.0 142.6 4

 5 Security repurchase agreements 2.7 2.4 2.8 2.8 3.0 2.8 2.8 2.9 3.0 2.9 3.0 5

 6 Debt securities 947.7 1093.0 1182.6 1207.4 1249.4 1208.1 1207.4 1221.7 1223.2 1234.3 1249.4 6

 7 Open market paper 42.6 37.7 43.6 44.8 47.8 44.7 44.8 46.6 47.4 47.2 47.8 7

 8 Treasury securities 247.4 311.8 308.4 321.4 335.5 319.2 321.4 326.4 329.3 332.4 335.5 8

 9 Agency- and GSE-backed securities 174.6 176.7 171.0 160.8 154.3 164.0 160.8 159.1 155.9 154.1 154.3 9

 10 Municipal securities 0.1 0.3 0.5 0.6 0.5 0.6 0.6 0.6 0.6 0.5 0.5 10

 11 Corporate and foreign bonds 482.9 566.5 659.0 679.8 711.3 679.6 679.8 688.9 690.0 700.1 711.3 11

 12 Loans (mortgages) 21.9 23.1 22.4 22.5 21.1 23.3 22.5 21.9 21.2 20.9 21.1 12

 13 Corporate equities 1751.1 1973.1 2349.5 2487.5 2362.8 2405.5 2487.5 2516.2 2494.6 2275.3 2362.8 13

 14 Mutual fund shares 2117.6 2383.5 2884.1 3116.3 3087.7 3035.0 3116.3 3171.3 3190.7 2999.2 3087.7 14

 15 Miscellaneous assets 1668.4 1583.4 1421.4 1440.9 1595.6 1451.1 1440.9 1444.5 1480.4 1613.9 1595.6 15

 16 Unallocated insurance contracts (3) 483.7 503.5 525.2 532.1 530.2 525.6 532.1 537.6 536.1 517.7 530.2 16

 17 Contributions receivable 93.8 81.4 79.0 77.9 80.7 78.4 77.9 79.6 79.9 79.8 80.7 17

 18 Claims of pension fund on sponsor (4) 517.7 391.0 181.7 166.3 297.3 184.8 166.3 154.8 187.4 335.8 297.3 18

 19 Other 573.3 607.4 635.5 664.6 687.3 662.2 664.6 672.5 677.0 680.7 687.3 19

 20 Pension entitlements (liabilities) (5) 6749.9 7276.2 8097.6 8503.3 8553.5 8354.2 8503.3 8605.5 8638.6 8376.1 8553.5 20

 Memo:

 Funded status of defined benefit plans:

 21 Pension entitlements 2983.7 3055.4 3093.7 3135.8 3177.8 3125.3 3135.8 3146.3 3156.8 3167.3 3177.8 21

 22 Funded by assets (6) 2466.0 2664.3 2912.0 2969.5 2880.5 2940.5 2969.5 2991.5 2969.4 2831.5 2880.5 22

 23 Unfunded (line 17) 517.7 391.0 181.7 166.3 297.3 184.8 166.3 154.8 187.4 335.8 297.3 23

 Total financial assets (7)

 24 Defined benefit plans 2947.1 3018.8 3057.2 3099.3 3141.2 3088.8 3099.3 3109.7 3120.2 3130.7 3141.2 24

 25 Defined contribution plans 3766.2 4220.8 5003.9 5367.5 5375.7 5228.9 5367.5 5459.2 5481.8 5208.8 5375.7 25

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

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

(3) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.

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

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

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

(7) Additional detail on defined benefit plans and defined contribution plans is available on tables L.118.b and L.118.c.
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L.118.b Private Pension Funds: Defined Benefit Plans

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (1) 2947.1 3018.8 3057.2 3099.3 3141.2 3088.8 3099.3 3109.7 3120.2 3130.7 3141.2 1

 2 Checkable deposits and currency 9.5 8.4 8.7 8.8 9.6 8.7 8.8 9.1 9.2 9.3 9.6 2

 3 Time and savings deposits 28.7 25.4 29.8 29.7 32.4 29.9 29.7 30.6 31.0 31.5 32.4 3

 4 Money market fund shares 34.3 30.3 35.7 34.2 33.4 34.9 34.2 33.7 32.5 32.7 33.4 4

 5 Security repurchase agreements 2.7 2.4 2.8 2.8 3.0 2.8 2.8 2.9 3.0 2.9 3.0 5

 6 Debt securities 677.4 761.3 835.6 850.6 872.5 848.7 850.6 858.7 856.4 862.5 872.5 6

 7 Open market paper 31.3 27.6 32.5 33.1 34.9 32.7 33.1 34.0 34.4 34.2 34.9 7

 8 Treasury securities 152.4 188.3 185.7 191.2 198.6 190.3 191.2 194.5 195.7 197.2 198.6 8

 9 Agency- and GSE-backed securities 119.7 110.6 104.4 98.4 93.5 100.6 98.4 97.3 95.5 93.8 93.5 9

 10 Corporate and foreign bonds 374.1 434.7 513.0 527.9 545.4 525.2 527.9 532.8 530.8 537.4 545.4 10

 11 Loans (mortgages) 15.8 15.7 14.6 14.2 13.0 14.8 14.2 13.8 13.2 12.9 13.0 11

 12 Corporate equities 929.5 1048.0 1165.0 1196.9 1100.9 1170.6 1196.9 1205.0 1191.3 1076.6 1100.9 12

 13 Mutual fund shares 356.2 359.1 408.0 413.9 394.4 408.7 413.9 415.8 412.2 386.7 394.4 13

 14 Miscellaneous assets 893.0 768.2 557.0 548.0 682.1 569.6 548.0 540.1 571.5 715.6 682.1 14

 15 Unallocated insurance contracts (2) 64.5 58.1 60.7 62.0 61.9 61.7 62.0 62.6 62.1 59.1 61.9 15

 16 Contributions receivable 64.8 52.4 48.3 46.4 48.1 47.1 46.4 47.6 47.9 47.3 48.1 16

 17 Claims of pension fund on sponsor (3) 517.7 391.0 181.7 166.3 297.3 184.8 166.3 154.8 187.4 335.8 297.3 17

 18 Other 246.0 266.6 266.3 273.3 274.8 276.0 273.3 275.2 274.1 273.5 274.8 18

 19 Pension entitlements (liabilities) (4) 2983.7 3055.4 3093.7 3135.8 3177.8 3125.3 3135.8 3146.3 3156.8 3167.3 3177.8 19

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

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.

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

(4) Actuarial value of accrued defined benefit pension entitlements.

L.118.c Private Pension Funds: Defined Contribution Plans (1)

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

 1 Total financial assets 3766.2 4220.8 5003.9 5367.5 5375.7 5228.9 5367.5 5459.2 5481.8 5208.8 5375.7 1

 2 Checkable deposits and currency 8.6 7.9 7.1 7.6 8.2 7.8 7.6 7.7 7.4 7.7 8.2 2

 3 Time and savings deposits 4.3 3.7 4.1 4.3 4.7 4.2 4.3 4.2 4.3 4.5 4.7 3

 4 Money market fund shares 118.5 105.4 112.7 104.7 109.2 106.4 104.7 105.0 104.5 107.3 109.2 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Debt securities 270.3 331.7 347.0 356.8 376.9 359.4 356.8 363.0 366.8 371.8 376.9 6

 7 Open market paper 11.3 10.1 11.1 11.8 12.8 12.0 11.8 12.6 13.0 13.0 12.8 7

 8 Treasury securities 95.1 123.5 122.7 130.1 136.9 129.0 130.1 131.9 133.6 135.3 136.9 8

 9 Agency- and GSE-backed securities 54.9 66.0 66.6 62.4 60.8 63.4 62.4 61.8 60.4 60.2 60.8 9

 10 Municipal securities 0.1 0.3 0.5 0.6 0.5 0.6 0.6 0.6 0.6 0.5 0.5 10

 11 Corporate and foreign bonds 108.8 131.8 146.0 151.9 165.9 154.4 151.9 156.0 159.1 162.7 165.9 11

 12 Loans (mortgages) 6.1 7.4 7.8 8.3 8.1 8.4 8.3 8.1 8.0 8.0 8.1 12

 13 Corporate equities 821.6 925.2 1184.6 1290.6 1261.9 1234.9 1290.6 1311.3 1303.2 1198.7 1261.9 13

 14 Mutual fund shares 1761.4 2024.4 2476.1 2702.5 2693.2 2626.3 2702.5 2755.5 2778.6 2612.5 2693.2 14

 15 Miscellaneous assets 775.5 815.2 864.4 892.8 913.5 881.5 892.8 904.4 909.0 898.3 913.5 15

 16 Unallocated insurance contracts (2) 419.2 445.4 464.5 470.1 468.3 463.9 470.1 475.0 474.0 458.5 468.3 16

 17 Contributions receivable 29.0 29.0 30.7 31.5 32.6 31.3 31.5 32.0 32.0 32.6 32.6 17

 18 Other 327.3 340.8 369.3 391.3 412.6 386.3 391.3 397.4 402.9 407.2 412.6 18

 19 Pension entitlements (liabilities) 3766.2 4220.8 5003.9 5367.5 5375.7 5228.9 5367.5 5459.2 5481.8 5208.8 5375.7 19

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
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L.119 Federal Government Employee Retirement Funds

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (1) 3261.1 3378.6 3533.0 3651.9 3757.5 3627.1 3651.9 3683.3 3708.9 3715.5 3757.5 1

 2 Debt securities 1381.1 1436.9 1544.7 1631.2 1722.6 1564.0 1631.2 1523.0 1395.6 1303.0 1722.6 2

 3 Treasury securities (2) 1367.2 1419.8 1530.6 1617.7 1709.1 1550.7 1617.7 1509.3 1381.7 1289.5 1709.1 3

 4 Agency- and GSE-backed securities 6.5 8.1 6.4 5.9 6.0 5.7 5.9 6.0 6.1 6.0 6.0 4

 5 Corporate and foreign bonds 7.3 9.0 7.7 7.7 7.5 7.6 7.7 7.7 7.8 7.5 7.5 5

 6 Corporate equities 134.4 148.1 206.2 218.7 219.8 224.0 218.7 226.3 225.9 207.0 219.8 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 1745.6 1793.6 1782.1 1802.0 1815.1 1839.1 1802.0 1934.0 2087.5 2205.5 1815.1 7

 8 Pension entitlements (liabilities) (4) 3261.1 3378.6 3533.0 3651.9 3757.5 3627.1 3651.9 3683.3 3708.9 3715.5 3757.5 8

 Memo:

 Funded status of defined benefit plans:

 9 Pension entitlements 2975.8 3062.4 3151.7 3240.0 3327.3 3217.6 3240.0 3261.9 3283.9 3305.0 3327.3 9

 10 Funded by assets (5) 1230.2 1270.0 1369.6 1438.0 1512.2 1378.4 1438.0 1388.8 1324.0 1299.4 1512.2 10

 11 Unfunded (line 7) 1745.6 1792.4 1782.1 1802.0 1815.1 1839.1 1802.0 1873.1 1959.9 2005.5 1815.1 11

 Total financial assets (6)

 12 Defined benefit plans 2975.8 3062.4 3151.7 3240.0 3327.3 3217.6 3240.0 3261.9 3283.9 3305.0 3327.3 12

 13 Defined contribution plans 285.3 316.2 381.3 411.9 430.2 409.6 411.9 421.4 425.0 410.5 430.2 13

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

(2) Includes marketable and nonmarketable Treasury securities.

(3) Unfunded defined benefit pension entitlements and suspended investments in the Thrift Savings Plan G Fund by the Treasury. Negative values indicate overfunding.

(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans, including suspended investments in the Thrift Savings Plan G Fund.

 These liabilities are assets of the household sector.

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables L.119.b and L.119.c.
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L.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (2) 2975.8 3062.4 3151.7 3240.0 3327.3 3217.6 3240.0 3261.9 3283.9 3305.0 3327.3 1

 2 Debt securities 1219.8 1260.2 1358.4 1427.5 1502.6 1368.2 1427.5 1378.4 1313.7 1290.2 1502.6 2

 3 Treasury securities (3) 1215.4 1255.5 1353.7 1422.6 1498.2 1363.3 1422.6 1373.7 1309.1 1285.6 1498.2 3

 4 Agency- and GSE-backed securities 0.7 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 4

 5 Corporate and foreign bonds 3.7 4.1 4.1 4.5 4.1 4.5 4.5 4.3 4.3 4.2 4.1 5

 6 Corporate equities 10.4 9.8 11.2 10.5 9.6 10.2 10.5 10.4 10.2 9.2 9.6 6

 7 Claims of pension fund on sponsor (misc. assets) (4) 1745.6 1792.4 1782.1 1802.0 1815.1 1839.1 1802.0 1873.1 1959.9 2005.5 1815.1 7

 8 Pension entitlements (liabilities) (5) 2975.8 3062.4 3151.7 3240.0 3327.3 3217.6 3240.0 3261.9 3283.9 3305.0 3327.3 8

(1) Includes Civil Service Retirement and Disability Fund, Railroad Retirement Board, judicial retirement fund, Military Retirement Fund, Foreign Service Retirement and

 Disability Fund, and the National Railroad Investment Trust.

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

(3) Includes both marketable and nonmarketable government securities.

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

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

L.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

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

 1 Total financial assets 285.3 316.2 381.3 411.9 430.2 409.6 411.9 421.4 425.0 410.5 430.2 1

 2 Debt securities 161.3 176.7 186.3 203.8 220.0 195.8 203.8 144.6 81.8 12.8 220.0 2

 3 Treasury securities (2) 151.8 164.2 176.9 195.0 210.9 187.3 195.0 135.6 72.6 3.9 210.9 3

 4 Agency- and GSE-backed securities 5.8 7.5 5.9 5.5 5.7 5.3 5.5 5.6 5.7 5.6 5.7 4

 5 Corporate and foreign bonds 3.7 5.0 3.6 3.2 3.4 3.1 3.2 3.4 3.5 3.3 3.4 5

 6 Corporate equities 124.0 138.3 195.0 208.2 210.2 213.8 208.2 216.0 215.6 197.8 210.2 6

 7 Claims of pension fund on sponsor (misc. assets) (3) 0.0 1.2 0.0 0.0 0.0 0.0 0.0 60.9 127.6 199.9 0.0 7

 8 Pension entitlements (liabilities) 285.3 316.2 381.3 411.9 430.2 409.6 411.9 421.4 425.0 410.5 430.2 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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L.120 State and Local Government Employee Retirement Funds

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (1) 4933.4 5127.4 5309.4 5458.6 5640.7 5417.3 5458.6 5506.9 5551.8 5574.5 5640.7 1

 2 Checkable deposits and currency 4.4 4.4 4.5 5.2 5.3 5.6 5.2 5.4 5.2 5.1 5.3 2

 3 Time and savings deposits 36.0 32.9 35.4 39.9 42.9 38.5 39.9 41.9 43.3 42.0 42.9 3

 4 Money market fund shares 42.6 38.9 42.3 48.0 51.9 45.5 48.0 49.9 52.0 50.8 51.9 4

 5 Security repurchase agreements 3.3 3.1 3.3 3.7 4.0 3.6 3.7 3.9 4.0 3.9 4.0 5

 6 Debt securities 764.6 763.7 851.0 894.2 883.4 887.4 894.2 903.6 902.2 877.6 883.4 6

 7 Open market paper 42.1 38.5 41.4 46.2 49.4 45.4 46.2 49.2 50.8 49.2 49.4 7

 8 Treasury securities 176.5 188.8 201.1 188.5 169.9 197.1 188.5 183.7 179.1 172.9 169.9 8

 9 Agency- and GSE-backed securities 137.3 112.0 114.6 109.8 101.4 113.5 109.8 107.7 106.1 102.3 101.4 9

 10 Municipal securities 1.7 1.8 3.1 4.1 2.8 3.4 4.1 2.8 4.7 2.9 2.8 10

 11 Corporate and foreign bonds 407.0 422.5 490.7 545.5 559.7 528.0 545.5 560.2 561.5 550.3 559.7 11

 12 Loans (mortgages) 11.0 10.0 9.4 9.2 6.5 9.2 9.2 6.8 7.3 6.8 6.5 12

 13 Corporate equities 1777.4 1944.0 2332.1 2438.4 2335.6 2340.9 2438.4 2473.0 2450.6 2245.2 2335.6 13

 14 Mutual fund shares 291.3 305.2 393.7 416.7 400.2 410.1 416.7 422.6 415.4 385.3 400.2 14

 15 Miscellaneous assets 2002.9 2025.2 1637.7 1603.4 1910.9 1676.6 1603.4 1599.7 1671.7 1957.9 1910.9 15

 16 Unallocated insurance contracts (2) 139.2 136.0 130.2 118.0 115.7 118.2 118.0 119.6 119.4 112.2 115.7 16

 17 Claims of pension fund on sponsor (3) 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 17

 18 Other 99.1 95.9 106.2 108.3 109.4 109.9 108.3 112.0 111.8 110.2 109.4 18

 19 Pension entitlements (liabilities) (4) 5044.2 5251.5 5455.5 5618.0 5786.3 5574.2 5618.0 5669.0 5712.7 5727.6 5786.3 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 4604.1 4789.6 4950.6 5130.0 5307.9 5085.5 5130.0 5174.5 5219.0 5263.4 5307.9 20

 21 Funded by assets (5) 2839.5 2996.3 3549.3 3752.8 3622.1 3637.0 3752.8 3806.3 3778.5 3527.9 3622.1 21

 22 Unfunded (line 17) 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 22

 Total financial assets (6)

 23 Defined benefit plans 4493.3 4665.5 4804.6 4970.6 5162.4 4928.6 4970.6 5012.4 5058.0 5110.4 5162.4 23

 24 Defined contribution plans 440.1 461.9 504.9 488.0 478.4 488.7 488.0 494.5 493.8 464.2 478.4 24

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

(2) Assets of defined contribution funds held at life insurance companies.

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

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

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables L.120.b and L.120.c.
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L.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets (1) 4493.3 4665.5 4804.6 4970.6 5162.4 4928.6 4970.6 5012.4 5058.0 5110.4 5162.4 1

 2 Checkable deposits and currency 4.1 3.8 4.1 4.6 5.0 4.4 4.6 4.9 5.0 4.9 5.0 2

 3 Time and savings deposits 35.3 32.5 34.8 39.5 42.6 38.0 39.5 41.7 42.9 41.7 42.6 3

 4 Money market fund shares 42.2 38.9 41.5 47.2 51.0 45.5 47.2 49.9 51.3 49.8 51.0 4

 5 Security repurchase agreements 3.3 3.1 3.3 3.7 4.0 3.6 3.7 3.9 4.0 3.9 4.0 5

 6 Debt securities 728.8 726.5 816.4 861.3 850.5 853.9 861.3 870.3 868.7 843.8 850.5 6

 7 Open market paper 38.5 35.4 37.9 43.0 46.5 41.4 43.0 45.4 46.7 45.4 46.5 7

 8 Treasury securities 160.7 172.8 188.2 176.8 159.7 185.2 176.8 172.7 169.1 162.2 159.7 8

 9 Agency- and GSE-backed securities 128.2 103.4 106.4 102.2 92.5 106.2 102.2 99.8 97.7 93.7 92.5 9

 10 Municipal securities 1.4 1.4 2.4 3.3 2.1 2.6 3.3 2.0 3.8 2.1 2.1 10

 11 Corporate and foreign bonds 399.9 413.4 481.7 535.9 549.7 518.6 535.9 550.4 551.3 540.3 549.7 11

 12 Loans (mortgages) 11.0 10.0 9.4 9.2 6.5 9.2 9.2 6.8 7.3 6.8 6.5 12

 13 Corporate equities 1655.3 1811.4 2173.0 2282.7 2185.0 2185.1 2282.7 2315.5 2294.1 2100.7 2185.0 13

 14 Mutual fund shares 150.1 150.5 215.6 238.6 224.0 232.4 238.6 240.9 235.0 215.9 224.0 14

 15 Miscellaneous assets 1863.3 1888.8 1506.4 1483.8 1793.8 1556.5 1483.8 1478.5 1549.6 1842.9 1793.8 15

 16 Claims of pension fund on sponsor (2) 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 16

 17 Other 98.7 95.5 105.1 106.6 108.0 108.0 106.6 110.4 109.1 107.4 108.0 17

 18 Pension entitlements (liabilities) (3) 4604.1 4789.6 4950.6 5130.0 5307.9 5085.5 5130.0 5174.5 5219.0 5263.4 5307.9 18

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

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

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

L.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

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

 1 Total financial assets 440.1 461.9 504.9 488.0 478.4 488.7 488.0 494.5 493.8 464.2 478.4 1

 2 Checkable deposits and currency 0.3 0.6 0.4 0.6 0.3 1.1 0.6 0.6 0.2 0.2 0.3 2

 3 Time and savings deposits 0.7 0.3 0.6 0.4 0.3 0.4 0.4 0.2 0.4 0.3 0.3 3

 4 Money market fund shares 0.4 0.0 0.7 0.8 0.9 0.0 0.8 0.0 0.8 1.0 0.9 4

 5 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Debt securities 35.8 37.2 34.6 32.9 32.9 33.5 32.9 33.3 33.5 33.8 32.9 6

 7 Open market paper 3.7 3.0 3.6 3.2 3.0 4.0 3.2 3.8 4.1 3.8 3.0 7

 8 Treasury securities 15.7 16.1 12.9 11.7 10.2 11.9 11.7 10.9 10.0 10.7 10.2 8

 9 Agency- and GSE-backed securities 9.1 8.6 8.3 7.6 8.9 7.4 7.6 7.9 8.4 8.6 8.9 9

 10 Municipal securities 0.2 0.4 0.8 0.8 0.7 0.8 0.8 0.8 0.9 0.7 0.7 10

 11 Corporate and foreign bonds 7.1 9.1 9.1 9.6 10.1 9.5 9.6 9.8 10.2 10.0 10.1 11

 12 Corporate equities 122.1 132.5 159.1 155.6 150.7 155.8 155.6 157.5 156.5 144.5 150.7 12

 13 Mutual fund shares 141.2 154.8 178.1 178.1 176.2 177.7 178.1 181.7 180.4 169.4 176.2 13

 14 Miscellaneous assets 139.6 136.4 131.3 119.6 117.1 120.1 119.6 121.2 122.1 115.0 117.1 14

 15 Unallocated insurance contracts (2) 139.2 136.0 130.2 118.0 115.7 118.2 118.0 119.6 119.4 112.2 115.7 15

 16 Other 0.4 0.3 1.2 1.6 1.4 2.0 1.6 1.6 2.7 2.8 1.4 16

 17 Pension entitlements (liabilities) 440.1 461.9 504.9 488.0 478.4 488.7 488.0 494.5 493.8 464.2 478.4 17

(1) Includes 403(b) and 457 type plans.

(2) Assets held at life insurance companies.
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L.121 Money Market Mutual Funds (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2642.5 2649.6 2678.5 2688.1 2715.7 2565.4 2688.1 2609.9 2580.2 2627.1 2715.7 1

 2 Foreign deposits 42.9 43.3 33.7 24.1 10.9 23.2 24.1 24.4 22.2 12.4 10.9 2

 3 Checkable deposits and currency 20.1 16.5 13.3 -4.3 7.4 -3.1 -4.3 -9.8 3.2 1.6 7.4 3

 4 Time and savings deposits 402.7 435.4 494.8 515.5 438.0 531.1 515.5 512.1 510.1 476.8 438.0 4

 5 Security repurchase agreements 490.5 544.7 493.4 644.6 688.4 575.8 644.6 625.9 635.3 680.6 688.4 5

 6 Debt securities 1663.6 1580.9 1611.7 1490.8 1561.2 1419.6 1490.8 1440.7 1393.7 1442.4 1561.2 6

 7 Open market paper 354.2 340.8 352.0 333.5 294.2 331.6 333.5 341.8 336.6 332.3 294.2 7

 8 Treasury securities 443.3 457.8 488.0 412.7 475.4 393.7 412.7 434.5 398.2 384.8 475.4 8

 9 Agency- and GSE-backed securities 403.7 343.5 361.3 384.6 460.1 344.4 384.6 323.4 333.9 392.6 460.1 9

 10 Municipal securities 357.3 336.7 308.3 281.7 268.2 278.7 281.7 273.5 257.7 256.7 268.2 10

 11 Corporate and foreign bonds 105.1 102.1 102.0 78.3 63.4 71.1 78.3 67.5 67.3 76.1 63.4 11

 12 Miscellaneous assets 22.7 28.8 31.6 17.3 9.8 18.8 17.3 16.7 15.8 13.3 9.8 12

 13 Total shares outstanding (liabilities) 2642.5 2649.6 2678.5 2688.1 2715.7 2565.4 2688.1 2609.9 2580.2 2627.1 2715.7 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.116).

L.122 Mutual Funds (1)

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

 1 Total financial assets 7870.9 9326.1 11535.2 12588.5 12843.4 12329.1 12588.5 12981.3 13141.3 12409.9 12843.4 1

 2 Security repurchase agreements 108.7 262.8 355.5 401.7 346.4 395.0 401.7 400.9 386.4 360.1 346.4 2

 3 Debt securities 3235.8 3875.6 4200.1 4667.2 5061.9 4533.1 4667.2 4820.9 4928.3 4987.4 5061.9 3

 4 Open market paper 40.0 77.5 105.2 120.5 102.1 118.2 120.5 120.2 115.4 106.6 102.1 4

 5 Treasury securities 447.3 571.5 628.1 642.3 718.0 633.3 642.3 702.3 695.6 703.9 718.0 5

 6 Agency- and GSE-backed securities 794.0 879.8 854.2 929.3 943.9 897.7 929.3 917.3 914.7 925.5 943.9 6

 7 Municipal securities 541.2 627.4 613.9 657.7 705.4 643.2 657.7 673.9 683.2 688.2 705.4 7

 8 Corporate and foreign bonds 1413.4 1719.4 1998.7 2317.5 2592.4 2240.7 2317.5 2407.2 2519.4 2563.1 2592.4 8

 9 Loans (other loans and advances) 93.5 105.7 145.1 154.5 138.9 158.9 154.5 160.4 154.4 141.6 138.9 9

 10 Corporate equities 4427.2 5109.4 6842.9 7377.6 7327.0 7219.0 7377.6 7604.9 7683.5 6951.6 7327.0 10

 11 Miscellaneous assets 5.7 -27.4 -8.3 -12.6 -30.8 23.2 -12.6 -5.7 -11.3 -30.8 -30.8 11

 12 Total shares outstanding (liabilities) 7870.9 9326.1 11535.2 12588.5 12843.4 12329.1 12588.5 12981.3 13141.3 12409.9 12843.4 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.116).

L.123 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 240.5 256.6 283.6 284.9 260.2 291.2 284.9 283.9 282.5 263.6 260.2 1

 2 Debt securities 144.7 155.9 169.5 165.6 160.6 167.8 165.6 165.3 166.6 162.3 160.6 2

 3 Treasury securities 4.8 5.2 5.7 5.5 5.1 5.8 5.5 5.4 5.4 5.3 5.1 3

 4 Municipal securities 82.5 86.0 84.3 84.8 84.0 84.2 84.8 84.6 83.9 83.8 84.0 4

 5 Corporate and foreign bonds 57.3 64.8 79.4 75.3 71.5 77.8 75.3 75.2 77.2 73.3 71.5 5

 6 Corporate equities 95.9 100.6 114.2 119.3 99.6 123.5 119.3 118.6 115.9 101.3 99.6 6

 7 Total shares outstanding (liabilities) 240.5 256.6 283.6 284.9 260.2 291.2 284.9 283.9 282.5 263.6 260.2 7

 Exchange-traded funds

 8 Total financial assets 1042.6 1324.4 1670.6 1969.3 2105.7 1824.4 1969.3 2055.1 2080.3 1955.9 2105.7 8

 9 Debt securities 178.8 231.1 243.3 294.3 349.3 272.4 294.3 313.6 315.5 337.0 349.3 9

 10 Treasury securities 62.4 63.6 57.1 70.1 84.2 64.4 70.1 73.2 73.7 88.4 84.2 10

 11 Municipal securities 8.6 12.3 11.4 14.6 18.5 13.4 14.6 16.0 16.6 17.1 18.5 11

 12 Corporate and foreign bonds 107.7 155.3 174.8 209.6 246.5 194.7 209.6 224.4 225.2 231.6 246.5 12

 13 Corporate equities 863.8 1093.3 1427.3 1675.0 1756.4 1552.0 1675.0 1741.5 1764.8 1618.9 1756.4 13

 14 Total shares outstanding (liabilities) 1042.6 1324.4 1670.6 1969.3 2105.7 1824.4 1969.3 2055.1 2080.3 1955.9 2105.7 14
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L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 6480.2 6275.1 6361.3 6399.9 6469.9 6323.0 6399.9 6353.5 6380.8 6407.3 6469.9 1

 2 Checkable deposits and currency 72.7 52.6 81.6 65.0 59.7 89.3 65.0 53.4 41.1 47.4 59.7 2

 3 Time and savings deposits 13.4 4.3 5.4 3.3 4.7 5.4 3.3 1.9 2.8 2.7 4.7 3

 4 Federal funds and security repos 112.3 150.8 152.3 162.6 153.7 110.9 162.6 158.2 141.0 149.0 153.7 4

 5 Debt securities 722.3 585.7 491.1 472.1 436.1 474.2 472.1 465.7 448.7 442.7 436.1 5

 6 Open market paper 6.5 3.4 4.4 6.0 4.6 6.0 6.0 5.6 5.6 5.0 4.6 6

 7 Treasury securities 100.2 69.0 59.1 64.3 85.9 65.0 64.3 71.8 70.8 77.6 85.9 7

 8 Agency- and GSE-backed securities 358.9 310.6 287.9 295.7 272.6 290.3 295.7 292.6 285.8 281.4 272.6 8

 9 Municipal securities 21.0 17.0 13.4 10.8 8.1 11.4 10.8 9.9 9.1 8.7 8.1 9

 10 Corporate and foreign bonds 235.7 185.7 126.3 95.4 64.9 101.4 95.4 85.8 77.5 69.8 64.9 10

 11 Loans 5411.1 5329.2 5465.3 5542.3 5666.1 5493.9 5542.3 5509.6 5580.9 5611.4 5666.1 11

 12 Other loans and advances 487.0 505.7 587.5 671.8 747.2 639.1 671.8 641.6 694.7 696.5 747.2 12

 13 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Farm Credit System 83.8 92.1 95.0 106.1 116.0 99.3 106.1 105.0 106.6 110.3 116.0 14

 15 FHLB 403.3 413.6 492.6 565.7 631.2 539.8 565.7 536.6 588.2 586.2 631.2 15

 16 Mortgages 4924.0 4823.5 4877.8 4870.5 4918.9 4854.8 4870.5 4868.0 4886.2 4914.8 4918.9 16

 17 Home 4587.7 4475.6 4546.4 4537.9 4567.7 4527.2 4537.9 4528.3 4540.2 4568.4 4567.7 17

 18 Consolidated trusts (2) 4032.1 3958.0 4087.7 4104.2 4171.8 4090.8 4104.2 4098.9 4120.5 4162.0 4171.8 18

 19 Other 555.6 517.5 458.6 433.6 396.0 436.4 433.6 429.4 419.7 406.4 396.0 19

 20 Multifamily residential 259.2 265.5 243.5 240.8 256.9 236.4 240.8 247.1 252.8 252.8 256.9 20

 21 Consolidated trusts (2) 99.9 127.4 146.3 164.1 185.3 157.5 164.1 170.3 179.3 181.5 185.3 21

 22 Other 159.4 138.1 97.2 76.7 71.6 79.0 76.7 76.8 73.5 71.2 71.6 22

 23 Farm 77.1 82.5 87.9 91.8 94.3 91.2 91.8 92.6 93.2 93.7 94.3 23

 24 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Miscellaneous assets 148.5 152.6 165.6 154.7 149.7 149.3 154.7 164.7 166.3 154.2 149.7 25

 26 Total liabilities 6377.9 6216.8 6314.9 6386.6 6456.0 6299.0 6386.6 6344.7 6362.9 6399.6 6456.0 26

 27 Federal funds and security repos 0.4 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.1 0.0 27

 28 Debt securities (GSE issues) (4) 6247.3 6092.7 6200.2 6275.5 6352.9 6186.2 6275.5 6234.6 6258.0 6293.5 6352.9 28

 29 Consolidated trusts (2) 4132.0 4085.4 4234.0 4268.3 4357.0 4248.3 4268.3 4269.2 4299.8 4343.5 4357.0 29

 30 Other 2115.4 2007.3 1966.2 2007.2 1995.8 1937.9 2007.2 1965.4 1958.2 1950.0 1995.8 30

 31 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Miscellaneous liabilities 130.2 124.1 114.7 111.0 103.1 112.8 111.0 110.0 104.9 106.0 103.1 32

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

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (L.125) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets (L.124).

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

(3) Sallie Mae student loans.

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

L.125 Agency- and GSE-Backed Mortgage Pools (1)

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

 1 Total financial assets 1311.9 1442.7 1573.5 1648.5 1775.5 1627.5 1648.5 1646.2 1677.2 1729.5 1775.5 1

 2 Home mortgages 1222.9 1326.6 1423.9 1474.8 1568.8 1461.9 1474.8 1468.9 1491.1 1536.5 1568.8 2

 3 Multifamily residential mortgages 87.3 114.2 147.8 172.1 204.3 163.9 172.1 175.7 184.6 190.6 204.3 3

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

 5 Farm mortgages 1.7 1.9 1.8 1.6 2.3 1.7 1.6 1.6 1.6 2.4 2.3 5

 6 Total pool securities (liabilities)(2) 1311.9 1442.7 1573.5 1648.5 1775.5 1627.5 1648.5 1646.2 1677.2 1729.5 1775.5 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (L.125) are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (L.124). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

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

(2) Such issues are classified as agency- and GSE-backed securities.
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L.126 Issuers of Asset-Backed Securities (ABS)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2068.0 1841.0 1519.1 1437.1 1360.0 1448.1 1437.1 1438.6 1426.3 1386.3 1360.0 1

 2 Debt securites 28.9 23.0 21.8 27.3 28.2 25.0 27.3 28.0 29.0 28.7 28.2 2

 3 Treasury securities 28.6 22.7 21.7 27.2 28.2 24.9 27.2 27.9 28.9 28.6 28.2 3

 4 Agency- and GSE-backed securities (1) 0.3 0.3 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 4

 5 Loans 1921.5 1707.3 1400.4 1308.1 1225.8 1324.5 1308.1 1307.2 1294.7 1258.5 1225.8 5

 6 Other loans and advances 162.4 161.7 150.2 159.3 158.3 155.6 159.3 170.6 167.0 159.2 158.3 6

 7 Mortgages (2) 1713.0 1495.5 1201.0 1099.0 1020.6 1119.8 1099.0 1088.4 1076.4 1051.3 1020.6 7

 8 Home 1109.5 928.3 793.0 704.5 605.9 722.5 704.5 686.0 660.6 634.2 605.9 8

 9 Multifamily residential 91.0 79.6 73.5 71.4 64.6 72.3 71.4 71.4 68.6 65.9 64.6 9

 10 Commercial 512.5 487.7 334.6 323.1 350.1 325.0 323.1 331.0 347.3 351.2 350.1 10

 11 Consumer credit 46.2 50.0 49.1 49.8 46.8 49.1 49.8 48.2 51.2 48.0 46.8 11

 12 Trade credit 47.6 41.2 35.7 31.3 34.1 31.4 31.3 31.5 32.2 31.7 34.1 12

 13 Miscellaneous assets (funding agreements) (3) 70.0 69.6 61.1 70.4 72.0 67.2 70.4 71.9 70.4 67.4 72.0 13

 14 Total liabilities 2068.0 1841.0 1519.1 1437.1 1360.0 1448.1 1437.1 1438.6 1426.3 1386.3 1360.0 14

 15 Debt securities 2068.0 1841.0 1519.1 1437.1 1360.0 1448.1 1437.1 1438.6 1426.3 1386.3 1360.0 15

 16 Commercial paper 96.0 87.0 79.9 64.8 57.5 71.9 64.8 64.4 70.0 58.1 57.5 16

 17 Corporate bonds (net) (4) 1971.9 1754.0 1439.2 1372.4 1302.6 1376.2 1372.4 1374.3 1356.2 1328.2 1302.6 17

 Memo:

 Securitized assets not included above

 18 Consumer leases (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 REIT assets (6) 14.3 15.6 155.2 166.5 129.2 168.4 166.5 159.3 147.2 135.3 129.2 19

 Securitized liabilities not included above

 20 Commercial paper (7) 120.6 87.5 59.7 54.5 53.6 54.7 54.5 49.0 50.1 51.1 53.6 20

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

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

(3) Funding agreements with life insurance companies.

(4) Liabilities net of assets.

(5) 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.

(6) Included on table L.128.

(7) Included on table L.111 line 45.
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L.127 Finance Companies (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1569.3 1493.7 1472.8 1501.4 1473.8 1478.7 1501.4 1502.6 1483.1 1482.0 1473.8 1

 2 Checkable deposits and currency 31.7 27.8 32.1 31.9 31.8 31.1 31.9 32.4 33.2 34.1 31.8 2

 3 Time and savings deposits 95.0 83.5 96.2 95.7 95.5 93.3 95.7 97.1 99.7 102.2 95.5 3

 4 Debt securities (corporate and foreign bonds) 85.0 78.7 67.9 73.9 79.6 69.9 73.9 76.1 79.6 78.3 79.6 4

 5 Loans 1274.6 1246.2 1237.5 1243.6 1224.2 1226.5 1243.6 1234.7 1232.2 1239.0 1224.2 5

 6 Other loans and advances 375.8 387.0 401.3 411.4 423.5 401.7 411.4 412.3 416.1 421.9 423.5 6

 7 Mortgages 211.2 179.5 157.0 148.1 119.5 148.2 148.1 144.9 134.0 127.9 119.5 7

 8 Consumer credit 687.6 679.8 679.1 684.1 681.1 676.6 684.1 677.5 682.1 689.3 681.1 8

 9 U.S. direct investment abroad 221.8 226.3 227.7 226.8 238.9 237.6 226.8 226.8 230.2 232.5 238.9 9

 10 Miscellaneous assets -138.7 -169.0 -188.6 -170.6 -196.2 -179.8 -170.6 -164.4 -191.8 -204.1 -196.2 10

 11 Total liabilities 1532.7 1445.6 1424.0 1438.1 1414.8 1417.6 1438.1 1450.2 1429.9 1431.5 1414.8 11

 12 Debt securities 1158.5 1084.5 1078.3 1080.3 1068.1 1066.6 1080.3 1089.9 1070.3 1077.4 1068.1 12

 13 Open market paper 121.0 129.1 118.8 117.8 115.2 115.8 117.8 113.8 121.0 122.2 115.2 13

 14 Corporate bonds 1037.5 955.3 959.5 962.6 952.9 950.8 962.6 976.1 949.3 955.3 952.9 14

 15 Loans 103.3 120.7 131.0 141.2 156.3 132.4 141.2 144.3 151.7 153.2 156.3 15

 16 Depository institution loans n.e.c. 102.1 118.5 128.6 139.1 152.7 130.2 139.1 142.2 149.6 150.4 152.7 16

 17 Other loans and advances 1.3 2.1 2.3 2.1 3.7 2.2 2.1 2.1 2.1 2.9 3.7 17

 18 Taxes payable 6.7 6.7 6.8 7.8 8.2 7.7 7.8 8.2 8.4 8.4 8.2 18

 19 Foreign direct investment in U.S. 91.1 88.7 73.4 72.7 73.7 77.9 72.7 72.8 72.7 72.7 73.7 19

 20 Miscellaneous liabilities 173.0 145.1 134.5 136.1 108.5 132.9 136.1 135.0 126.8 119.7 108.5 20

 21 Investment by parent 163.7 162.8 161.8 162.7 156.3 162.4 162.7 159.8 153.4 152.8 156.3 21

 22 Other 9.3 -17.7 -27.2 -26.6 -47.7 -29.5 -26.6 -24.8 -26.6 -33.1 -47.7 22

 Memo:

 23 Consumer leases not included above (2) 119.7 144.0 167.3 188.9 212.0 184.4 188.9 193.3 199.2 206.9 212.0 23

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (5), table L.126.
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L.128 Real Estate Investment Trusts (REITs) (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 433.4 594.2 644.2 726.4 695.8 700.8 726.4 723.7 712.6 698.5 695.8 1

 2 Checkable deposits and currency 27.6 35.3 34.0 38.1 38.3 38.0 38.1 38.6 34.4 38.1 38.3 2

 3 Debt securities 275.1 394.1 298.3 309.5 276.6 296.9 309.5 305.5 289.2 280.7 276.6 3

 4 Agency- and GSE-backed securities 248.1 357.6 261.9 269.8 229.2 258.8 269.8 260.1 241.8 234.8 229.2 4

 5 Corporate and foreign bonds 27.0 36.5 36.3 39.7 47.4 38.1 39.7 45.4 47.4 45.9 47.4 5

 6 Loans (mortgages) 56.1 64.5 199.3 244.6 237.0 225.4 244.6 239.5 247.6 237.3 237.0 6

 7 Home 19.8 26.5 23.1 41.1 52.6 34.1 41.1 40.3 49.0 48.3 52.6 7

 8 Multifamily residential 1.7 1.9 2.4 8.4 11.2 3.3 8.4 8.6 9.0 9.7 11.2 8

 9 Commercial 34.6 36.1 173.9 195.1 173.2 187.9 195.1 190.6 189.7 179.3 173.2 9

 10 Miscellaneous assets 74.7 100.4 112.6 134.2 144.0 140.6 134.2 140.2 141.4 142.3 144.0 10

 11 Total liabilities 654.4 817.8 907.9 1012.7 1026.2 983.2 1012.7 1019.9 1014.4 1015.1 1026.2 11

 12 Security repurchase agreements 218.1 320.6 254.0 261.2 237.7 249.4 261.2 258.3 250.1 241.4 237.7 12

 13 Debt securities 152.9 179.4 352.2 401.5 393.1 401.6 401.5 403.5 401.0 394.5 393.1 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds 152.9 179.4 352.2 401.5 393.1 401.6 401.5 403.5 401.0 394.5 393.1 15

 16 Loans 212.6 221.6 227.2 261.7 308.9 244.9 261.7 271.2 280.9 299.8 308.9 16

 17 Depository institution loans n.e.c. 23.0 27.0 24.0 32.1 48.4 27.4 32.1 35.8 41.7 44.3 48.4 17

 18 Other loans and advances 0.0 0.3 1.0 5.9 23.8 4.2 5.9 7.2 9.7 18.9 23.8 18

 19 Mortgages 189.5 194.4 202.2 223.8 236.7 213.3 223.8 228.1 229.5 236.6 236.7 19

 20 Miscellaneous liabilities 70.8 96.3 74.6 88.2 86.4 87.3 88.2 86.9 82.4 79.5 86.4 20

 Memo:

 21 Securitized assets included above 14.3 15.6 155.2 166.5 129.2 168.4 166.5 159.3 147.2 135.3 129.2 21

 22 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Home mortgages 6.5 10.2 14.2 15.7 18.3 15.1 15.7 14.6 15.7 16.9 18.3 23

 24 Multifamily residential mortgages 0.3 0.3 0.3 0.3 0.5 0.3 0.3 0.2 0.4 0.5 0.5 24

 25 Commercial mortgages 7.5 5.2 140.7 150.6 110.4 153.0 150.6 144.5 131.1 117.9 110.4 25

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables L.128.e and L.128.m.
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L.128.e Equity Real Estate Investment Trusts

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 102.3 116.4 129.7 159.6 159.3 155.2 159.6 166.1 161.4 157.1 159.3 1

 2 Checkable deposits and currency 17.0 21.1 22.1 25.9 24.9 25.5 25.9 24.9 22.1 24.9 24.9 2

 3 Debt securities (corporate and foreign bonds) 4.8 4.6 2.8 5.0 4.4 4.3 5.0 5.3 4.3 4.2 4.4 3

 4 Loans (mortgages) 18.8 20.4 20.3 24.3 25.3 22.8 24.3 24.5 25.8 26.2 25.3 4

 5 Home 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 5

 6 Multifamily residential 0.3 0.4 0.3 0.3 0.4 0.3 0.3 0.3 0.3 0.3 0.4 6

 7 Commercial 18.3 19.9 19.8 23.9 24.7 22.3 23.9 23.9 25.3 25.7 24.7 7

 8 Miscellaneous assets 61.8 70.3 84.5 104.3 104.7 102.5 104.3 111.4 109.3 101.7 104.7 8

 9 Total liabilities 384.1 422.6 459.0 531.1 589.5 512.0 531.1 547.5 557.7 571.1 589.5 9

 10 Debt securities (corporate bonds) 121.6 149.2 178.1 211.9 244.7 209.4 211.9 219.6 226.2 237.3 244.7 10

 11 Loans 212.0 218.3 223.9 252.9 281.3 238.8 252.9 261.1 267.2 277.5 281.3 11

 12 Depository institution loans n.e.c. 22.5 23.9 21.7 29.1 44.6 25.5 29.1 32.9 37.7 40.9 44.6 12

 13 Mortgages 189.5 194.4 202.2 223.8 236.7 213.3 223.8 228.1 229.5 236.6 236.7 13

 14 Multifamily residential 27.9 26.7 30.0 31.0 30.0 30.0 31.0 31.8 29.4 30.0 30.0 14

 15 Commercial 161.7 167.7 172.1 192.8 206.7 183.4 192.8 196.3 200.1 206.6 206.7 15

 16 Miscellaneous liabilities 50.5 55.1 57.0 66.4 63.5 63.8 66.4 66.8 64.4 56.3 63.5 16

L.128.m Mortgage Real Estate Investment Trusts

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

 1 Total financial assets 331.1 477.8 514.5 566.8 536.5 545.6 566.8 557.7 551.2 541.3 536.5 1

 2 Checkable deposits and currency 10.7 14.2 11.9 12.2 13.4 12.5 12.2 13.7 12.3 13.2 13.4 2

 3 Debt securities 270.3 389.5 295.5 304.5 272.2 292.5 304.5 300.2 284.9 276.5 272.2 3

 4 Agency- and GSE-backed securities 248.1 357.6 261.9 269.8 229.2 258.8 269.8 260.1 241.8 234.8 229.2 4

 5 Corporate and foreign bonds 22.2 31.9 33.6 34.7 43.0 33.8 34.7 40.1 43.1 41.7 43.0 5

 6 Loans (mortgages) 37.3 44.1 179.0 220.2 211.7 202.6 220.2 215.1 221.9 211.1 211.7 6

 7 Home 19.6 26.3 22.9 40.9 52.4 33.9 40.9 40.1 48.8 48.1 52.4 7

 8 Multifamily residential 1.4 1.5 2.0 8.2 10.9 3.0 8.2 8.3 8.7 9.4 10.9 8

 9 Commercial 16.3 16.3 154.1 171.2 148.5 165.6 171.2 166.7 164.4 153.6 148.5 9

 10 Miscellaneous assets 12.8 30.1 28.1 29.9 39.3 38.1 29.9 28.7 32.1 40.6 39.3 10

 11 Total liabilities 270.3 395.2 448.9 481.6 436.7 471.3 481.6 472.4 456.6 444.0 436.7 11

 12 Security repurchase agreements 218.1 320.6 254.0 261.2 237.7 249.4 261.2 258.3 250.1 241.4 237.7 12

 13 Debt securities 31.3 30.1 174.1 189.6 148.4 192.2 189.6 183.9 174.8 157.2 148.4 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds 31.3 30.1 174.1 189.6 148.4 192.2 189.6 183.9 174.8 157.2 148.4 15

 16 Loans 0.5 3.3 3.3 8.8 27.6 6.2 8.8 10.1 13.7 22.3 27.6 16

 17 Depository institution loans n.e.c. 0.5 3.1 2.3 3.0 3.8 1.9 3.0 2.9 4.0 3.4 3.8 17

 18 Other loans and advances 0.0 0.3 1.0 5.9 23.8 4.2 5.9 7.2 9.7 18.9 23.8 18

 19 Miscellaneous liabilities 20.3 41.2 17.6 21.9 23.0 23.4 21.9 20.1 18.0 23.1 23.0 19

 Memo:

 20 Securitized assets included above 14.3 15.6 155.2 166.5 129.2 168.4 166.5 159.3 147.2 135.3 129.2 20

 21 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Home mortgages 6.5 10.2 14.2 15.7 18.3 15.1 15.7 14.6 15.7 16.9 18.3 22

 23 Multifamily residential mortgages 0.3 0.3 0.3 0.3 0.5 0.3 0.3 0.2 0.4 0.5 0.5 23

 24 Commercial mortgages 7.5 5.2 140.7 150.6 110.4 153.0 150.6 144.5 131.1 117.9 110.4 24
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L.129 Security Brokers and Dealers

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3532.8 3706.5 3408.4 3254.7 3044.0 3335.7 3254.7 3236.5 3194.6 3200.6 3044.0 1

 2 Checkable deposits and currency 111.8 128.2 111.7 111.8 106.1 116.7 111.8 117.7 114.1 115.6 106.1 2

 3 Security repurchase agreements 1583.1 1638.2 1321.0 1152.7 1133.3 1220.4 1152.7 1138.8 1171.2 1243.6 1133.3 3

 4 Debt securities 508.9 612.7 426.4 337.3 300.6 333.9 337.3 344.8 318.9 308.1 300.6 4

 5 Open market paper 42.1 29.9 28.7 20.8 19.5 20.9 20.8 21.7 19.6 19.5 19.5 5

 6 Treasury securities 183.6 246.5 136.0 60.2 65.3 56.0 60.2 63.7 43.6 53.6 65.3 6

 7 Agency- and GSE-backed securities 147.7 169.6 114.2 121.9 109.7 106.7 121.9 124.3 125.5 122.8 109.7 7

 8 Municipal securities 30.9 26.6 18.6 18.9 14.0 16.2 18.9 20.6 19.0 15.9 14.0 8

 9 Corporate and foreign bonds 104.5 140.0 128.9 115.5 92.1 134.1 115.5 114.5 111.2 96.4 92.1 9

 10 Loans (other loans and advances) 293.2 343.3 389.6 428.2 338.1 442.0 428.2 407.0 415.6 341.3 338.1 10

 11 Corporate equities 103.2 126.7 172.4 187.8 166.8 176.9 187.8 162.9 164.2 143.3 166.8 11

 12 U.S. direct investment abroad 201.7 212.3 218.9 224.6 236.9 223.9 224.6 226.0 230.9 233.8 236.9 12

 13 Miscellaneous assets 730.9 645.1 768.3 812.4 762.3 821.8 812.4 839.4 779.8 814.9 762.3 13

 14 Total liabilities 3460.5 3621.3 3333.6 3178.1 2987.1 3258.8 3178.1 3161.4 3124.5 3131.5 2987.1 14

 15 Security repurchase agreements 2076.7 2207.9 1768.6 1547.7 1368.3 1606.3 1547.7 1535.3 1480.3 1493.7 1368.3 15

 16 Debt securities (corporate bonds) 91.8 90.2 112.4 123.9 131.3 123.9 123.9 107.4 135.8 135.4 131.3 16

 17 Loans 795.4 828.2 897.1 962.5 913.2 982.4 962.5 964.4 939.0 934.9 913.2 17

 18 Depository institution loans n.e.c. (1) 69.2 71.1 81.6 93.5 92.5 90.0 93.5 93.9 95.4 90.2 92.5 18

 19 Other loans and advances 726.1 757.0 815.5 869.0 820.6 892.5 869.0 870.5 843.6 844.6 820.6 19

 20 Trade payables 14.3 14.2 14.5 17.9 26.3 19.9 17.9 19.2 23.6 24.2 26.3 20

 21 Taxes payable 2.5 3.1 3.7 4.0 3.2 5.4 4.0 4.9 4.2 4.1 3.2 21

 22 Foreign direct investment in U.S. 104.6 110.4 128.6 133.2 154.0 130.5 133.2 135.0 139.8 145.8 154.0 22

 23 Miscellaneous liabilities 375.1 367.4 408.7 388.8 390.8 390.4 388.8 395.3 401.7 393.4 390.8 23

 24 Investment by parent companies 1163.3 1629.2 1671.8 1699.7 1662.9 1690.3 1699.7 1708.4 1749.4 1767.7 1662.9 24

 25 Other -788.1 -1261.8 -1263.1 -1310.9 -1272.2 -1299.8 -1310.9 -1313.1 -1347.6 -1374.3 -1272.2 25

(1) Includes loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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L.130 Holding Companies (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3423.6 4330.1 4299.6 4390.8 3955.9 4383.0 4390.8 4360.3 4398.2 4349.4 3955.9 1

 2 Time and savings deposits 12.4 34.4 35.9 27.0 19.1 41.0 27.0 33.8 36.0 26.9 19.1 2

 3 Security repurchase agreements 50.5 10.5 7.7 2.5 2.1 8.2 2.5 5.8 7.6 4.0 2.1 3

 4 Debt securities 78.2 103.8 76.1 76.0 55.3 88.7 76.0 70.5 70.9 75.4 55.3 4

 5 Treasury securities 26.8 8.2 16.6 13.9 10.2 23.9 13.9 10.2 8.9 12.9 10.2 5

 6 Agency- and GSE-backed securities 33.1 22.9 28.0 28.0 23.7 27.2 28.0 31.0 29.6 30.3 23.7 6

 7 Corporate and foreign bonds 18.3 72.7 31.5 34.1 21.5 37.6 34.1 29.2 32.4 32.1 21.5 7

 8 Loans (other loans and advances) 22.9 105.3 75.7 64.8 24.0 63.8 64.8 62.3 55.1 37.7 24.0 8

 9 Life insurance reserves 27.6 34.9 39.9 45.0 49.0 43.6 45.0 46.0 47.0 48.0 49.0 9

 10 Miscellaneous assets 3232.1 4041.2 4064.3 4175.5 3806.4 4137.7 4175.5 4141.9 4181.6 4157.5 3806.4 10

 11 Net trans. with depository subs. 1709.0 1889.2 1937.2 2133.2 2171.3 2059.2 2133.2 2112.8 2141.6 2160.8 2171.3 11

 12 Net trans. with property-casualty ins. co. subs. 0.0 11.2 5.2 5.3 4.5 5.1 5.3 3.9 4.6 4.8 4.5 12

 13 Net trans. with life insurance company subs. 72.0 17.2 10.7 11.5 12.0 11.5 11.5 11.8 11.8 12.1 12.0 13

 14 Net trans. with finance company subs. 94.6 91.1 75.4 62.2 59.8 62.1 62.2 61.1 58.7 58.4 59.8 14

 15 Net trans. with broker and dealer subs. 613.5 1060.5 1087.6 1092.4 1019.5 1085.7 1092.4 1075.5 1130.7 1135.1 1019.5 15

 16 Net trans. with foreign subs. 166.3 114.7 97.9 83.3 89.2 93.2 83.3 92.0 80.3 93.2 89.2 16

 17 Other 576.7 857.2 850.3 787.6 450.1 820.9 787.6 784.8 753.9 693.1 450.1 17

 18 Total liabilities 1706.4 2238.7 2142.1 2102.6 1621.8 2114.4 2102.6 2079.5 2066.3 1990.1 1621.8 18

 19 Security repurchase agreements 1.2 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.1 0.1 19

 20 Debt securities 966.5 1219.6 1192.1 1200.1 1057.2 1207.7 1200.1 1188.8 1192.6 1181.5 1057.2 20

 21 Commercial paper 75.9 116.4 96.6 77.0 5.7 81.9 77.0 70.0 56.3 16.0 5.7 21

 22 Corporate bonds 890.6 1103.2 1095.6 1123.2 1051.6 1125.9 1123.2 1118.8 1136.3 1165.5 1051.6 22

 23 Loans (depository institution loans n.e.c.) 254.3 196.8 210.6 194.2 155.6 187.9 194.2 191.8 187.6 178.8 155.6 23

 24 Miscellaneous liabilities 484.4 822.3 739.4 708.2 408.9 718.7 708.2 699.0 686.0 629.6 408.9 24

(1) Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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L.131 Funding Corporations (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1456.5 1345.5 1272.5 1281.8 1444.5 1305.4 1281.8 1337.3 1362.7 1433.9 1444.5 1

 2 Money market fund shares 520.7 458.3 396.8 410.3 443.8 352.7 410.3 443.3 430.6 446.3 443.8 2

 3 Security repurchase agreements 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Debt securities 228.7 179.4 157.4 148.9 239.0 210.0 148.9 153.3 192.2 233.5 239.0 4

 5 Open market paper 122.9 109.8 79.0 65.8 144.7 125.4 65.8 66.7 110.8 147.7 144.7 5

 6 Corporate and foreign bonds 105.8 69.6 78.4 83.1 94.2 84.6 83.1 86.6 81.4 85.8 94.2 6

 7 Loans (other loans and advances) 19.4 12.9 10.6 12.1 12.9 10.3 12.1 11.6 12.2 13.1 12.9 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 687.6 694.8 707.8 710.6 748.8 732.5 710.6 729.1 727.8 741.0 748.8 9

 10 Investment in foreign banking offices 137.8 126.0 123.5 103.2 105.4 127.8 103.2 96.2 109.1 108.4 105.4 10

 11 Investment in brokers and dealers 549.7 568.8 584.3 607.4 643.4 604.6 607.4 632.9 618.7 632.6 643.4 11

 12 Total liabilities 1456.5 1345.5 1272.5 1281.8 1444.5 1305.4 1281.8 1337.3 1362.7 1433.9 1444.5 12

 13 Debt securities 620.5 590.5 618.2 644.0 709.6 658.3 644.0 671.3 674.5 703.8 709.6 13

 14 Open market paper 94.3 29.0 45.2 48.9 88.2 71.6 48.9 51.3 74.5 94.9 88.2 14

 15 Corporate bonds 526.2 561.5 572.9 595.1 621.4 586.7 595.1 620.0 600.1 608.9 621.4 15

 16 Loans 31.3 3.0 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 16

 17 Depository institution loans n.e.c. (3) 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Other loans and advances (4) 9.8 3.0 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 18

 19 Foreign direct investment in U.S. 12.0 12.6 13.2 13.8 14.4 13.7 13.8 14.0 14.1 14.3 14.4 19

 20 Miscellaneous liabilities 792.7 739.3 638.8 621.6 718.2 631.1 621.6 649.7 671.7 713.5 718.2 20

 21 Securities loaned (net) 658.7 579.5 673.5 720.6 706.8 735.4 720.6 755.4 703.1 747.5 706.8 21

 22 Equity interest under PPIP 8.8 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 22

 23 Other (net) 125.2 151.1 -43.5 -107.7 2.6 -113.0 -107.7 -114.4 -40.1 -42.7 2.6 23

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
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L.132 Rest of the World

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 17513.0 18962.6 21136.5 22992.6 23032.5 22669.7 22992.6 23272.7 23325.0 22713.2 23032.5 1

 2 SDR allocations 54.2 54.3 54.4 51.2 48.9 52.4 51.2 48.7 49.7 49.6 48.9 2

 3 Net interbank assets 238.1 102.1 414.2 444.8 351.8 573.9 444.8 438.2 411.1 395.9 351.8 3

 4 U.S. checkable deposits and currency 472.3 540.4 591.3 671.0 699.9 641.6 671.0 687.3 682.7 687.6 699.9 4

 5 U.S. time deposits 355.6 393.4 445.1 491.7 452.8 491.9 491.7 497.9 479.3 461.3 452.8 5

 6 Money market fund shares 74.4 96.9 108.2 113.4 114.5 108.2 113.4 110.1 108.8 110.8 114.5 6

 7 Security repurchase agreements 678.5 671.6 706.9 812.3 716.7 782.6 812.3 799.4 731.0 751.5 716.7 7

 8 Debt securities 8748.7 9364.8 9588.1 10146.9 10351.8 10012.6 10146.9 10257.4 10362.0 10286.3 10351.8 8

 9 Open market paper 102.7 102.8 101.3 107.9 102.7 119.6 107.9 118.4 113.0 100.8 102.7 9

 10 Treasury securities 5004.4 5571.5 5793.8 6156.2 6118.0 6072.2 6156.2 6176.0 6174.9 6103.3 6118.0 10

 11 Treasury bills 647.7 661.7 685.0 671.6 723.4 614.1 671.6 702.0 700.6 665.8 723.4 11

 12 Other Treasury securities 4356.7 4909.8 5108.9 5484.5 5394.6 5458.1 5484.5 5474.0 5474.4 5437.4 5394.6 12

 13 Agency- and GSE-backed securities 1078.2 1001.2 883.8 902.6 930.2 889.6 902.6 898.3 934.7 939.1 930.2 13

 14 Municipal securities 72.4 71.8 76.1 80.4 84.6 78.6 80.4 82.5 85.4 86.0 84.6 14

 15 U.S. corporate bonds (1) 2491.0 2617.6 2733.1 2899.7 3116.3 2852.6 2899.7 2982.3 3053.9 3057.1 3116.3 15

 16 Loans to U.S. corporate business 196.1 143.9 139.7 190.2 203.5 185.9 190.2 192.4 201.6 205.2 203.5 16

 17 U.S. corporate equities 3397.2 3953.0 5204.4 5944.1 5706.9 5721.9 5944.1 5971.0 5917.5 5414.2 5706.9 17

 18 Mutual fund shares 370.4 495.4 552.0 607.7 582.2 620.4 607.7 645.9 662.4 590.8 582.2 18

 19 Trade receivables 128.8 140.5 148.8 162.9 174.6 162.4 162.9 164.9 169.8 176.5 174.6 19

 20 Foreign direct investment in U.S. (2) 2798.7 3006.3 3183.2 3356.5 3628.9 3315.8 3356.5 3459.4 3549.2 3583.4 3628.9 20

 21 Total liabilities 9431.5 9954.6 10311.3 10584.8 10504.5 10742.8 10584.8 10718.2 10648.7 10645.6 10504.5 21

 22 U.S. official reserve assets (3) 136.7 138.9 133.4 118.9 106.4 125.9 118.9 108.1 109.2 109.0 106.4 22

 23 U.S. private deposits 1066.4 919.4 944.8 821.1 603.2 943.0 821.1 797.2 728.0 664.8 603.2 23

 24 Security repurchase agreements 764.7 804.9 720.9 747.3 802.8 764.6 747.3 800.1 782.4 866.1 802.8 24

 25 Debt securities 2258.7 2566.1 2649.9 2785.8 2716.3 2833.8 2785.8 2847.0 2841.0 2771.4 2716.3 25

 26 Commercial paper 345.1 373.0 407.0 385.6 444.8 393.1 385.6 415.9 429.4 447.8 444.8 26

 27 Bonds 1913.6 2193.1 2242.9 2400.2 2271.5 2440.7 2400.2 2431.0 2411.6 2323.6 2271.5 27

 28 Loans 226.2 267.9 308.3 339.8 361.1 330.0 339.8 350.5 362.2 360.3 361.1 28

 29 Depository institution loans n.e.c. 205.2 237.7 276.7 305.3 328.0 296.9 305.3 315.5 326.6 325.1 328.0 29

 30 Other loans and advances 21.0 30.2 31.6 34.5 33.1 33.1 34.5 35.0 35.7 35.2 33.1 30

 31 Trade payables 55.1 55.7 53.4 46.2 47.5 46.6 46.2 44.0 44.7 45.4 47.5 31

 32 U.S. direct investment abroad (1,2) 4599.5 5017.5 5339.8 5576.0 5709.8 5540.7 5576.0 5611.3 5633.3 5667.5 5709.8 32

 33 Miscellaneous liabilities 324.1 184.1 160.8 149.8 157.5 158.3 149.8 160.0 148.1 161.1 157.5 33

 34 U.S. equity in IBRD, etc. 55.4 57.8 60.0 62.4 64.6 62.2 62.4 64.6 64.6 64.6 64.6 34

 35 Nonofficial foreign currencies 102.5 11.5 2.9 4.2 3.6 2.9 4.2 3.4 3.3 3.3 3.6 35

 36 Investment by holding companies 166.3 114.7 97.9 83.3 89.2 93.2 83.3 92.0 80.3 93.2 89.2 36

 Memo:

 37 Market value of foreign equities 4501.4 5321.9 6472.9 6719.7 6732.0 6803.7 6719.7 7118.0 7285.9 6534.4 6732.0 37

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
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L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 190.9 193.2 187.7 170.0 155.3 178.2 170.0 156.8 158.8 158.6 155.3 1

 2 Federal government: SDR allocations 54.2 54.3 54.4 51.2 48.9 52.4 51.2 48.7 49.7 49.6 48.9 2

 3 Rest of the world 136.7 138.9 133.4 118.9 106.4 125.9 118.9 108.1 109.2 109.0 106.4 3

 4 SDR holdings 55.0 55.1 55.2 51.9 49.7 53.1 51.9 49.5 50.4 50.3 49.7 4

 5 Reserve position in IMF 30.1 34.2 30.8 25.2 17.6 28.4 25.2 19.8 19.2 18.9 17.6 5

 6 Other reserves 51.6 49.7 47.4 41.8 39.1 44.4 41.8 38.8 39.5 39.8 39.1 6

 7 Total assets 201.9 204.3 198.8 181.1 166.4 189.3 181.1 167.8 169.9 169.7 166.4 7

 8 Federal government 110.9 114.2 109.8 98.0 86.9 103.7 98.0 88.7 89.5 89.2 86.9 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 SDR holdings 55.0 55.1 55.2 51.9 49.7 53.1 51.9 49.5 50.4 50.3 49.7 10

 11 Reserve position in IMF 30.3 34.4 31.0 25.3 17.7 28.5 25.3 19.9 19.4 19.0 17.7 11

 12 Other reserves 25.6 24.7 23.6 20.7 19.5 22.1 20.7 19.3 19.7 19.8 19.5 12

 13 Rest of the world: SDR allocations 54.2 54.3 54.4 51.2 48.9 52.4 51.2 48.7 49.7 49.6 48.9 13

 14 Monetary authority 36.8 35.8 34.6 32.0 30.5 33.2 32.0 30.4 30.7 30.9 30.5 14

 15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

 16 Reserve position in IMF -0.3 -0.2 -0.2 -0.1 -0.1 -0.1 -0.1 -0.2 -0.1 -0.1 -0.1 16

 17 Other reserves 26.0 25.0 23.8 21.1 19.6 22.3 21.1 19.5 19.8 20.0 19.6 17

 18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

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

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

 SDR certificates:

 1 Liab: Federal government 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 25.9 25.9 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 3

 4 Asset: Monetary authority 44.2 44.8 45.5 46.3 47.6 46.2 46.3 46.7 47.0 47.3 47.6 4

 5 Discrepancy (seigniorage) -18.3 -18.8 -19.9 -21.0 -22.3 -20.8 -21.0 -21.3 -21.7 -22.0 -22.3 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 1066.4 919.4 944.8 821.1 603.2 943.0 821.1 797.2 728.0 664.8 603.2 1

 Held by:

 2 Household sector 57.4 49.5 51.7 45.3 31.8 52.2 45.3 43.8 39.1 35.7 31.8 2

 3 Nonfinancial corporate business 34.8 35.4 77.5 62.8 37.7 69.7 62.8 46.5 51.5 33.1 37.7 3

 4 Money market mutual funds 42.9 43.3 33.7 24.1 10.9 23.2 24.1 24.4 22.2 12.4 10.9 4

 5 Discrepancy--unallocated assets 931.3 791.3 781.8 688.8 522.8 797.8 688.8 682.6 615.2 583.7 522.8 5
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L.203 Net Interbank Transactions

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1889.0 1683.8 2812.9 2865.3 2361.8 3189.2 2865.3 2906.9 2674.0 2621.7 2361.8 1

 2 Monetary authority 1623.1 1562.1 2322.7 2453.7 2051.4 2602.5 2453.7 2505.1 2310.7 2265.3 2051.4 2

 3 U.S.-chartered depository institutions 164.9 36.7 227.8 282.0 229.5 329.7 282.0 302.6 202.8 166.5 229.5 3

 4 Foreign banking offices in U.S. 157.5 155.6 330.6 197.7 145.7 323.8 197.7 166.9 229.6 257.0 145.7 4

 5 Banks in U.S.-affiliated areas -4.6 -4.9 -4.7 -5.3 -5.1 -5.2 -5.3 -5.7 -6.2 -5.4 -5.1 5

 6 Credit unions -51.9 -65.7 -63.5 -62.8 -59.7 -61.7 -62.8 -62.0 -62.9 -61.7 -59.7 6

 7 Total assets 1860.7 1663.8 2736.0 2898.1 2403.3 3175.9 2898.1 2942.6 2721.6 2661.4 2403.3 7

 8 Monetary authority -0.4 -0.4 -0.9 -0.4 0.1 -0.6 -0.4 -0.7 -0.2 0.2 0.1 8

 9 U.S.-chartered depository institutions 859.5 869.6 1326.5 1519.2 1309.9 1475.7 1519.2 1573.2 1374.1 1346.4 1309.9 9

 10 Foreign banking offices in U.S. 711.0 638.8 948.1 888.8 690.4 1087.8 888.8 872.3 886.7 871.2 690.4 10

 11 Credit unions 52.6 53.8 48.1 45.7 51.2 39.0 45.7 59.6 49.9 47.7 51.2 11

 12 Rest of the world 238.1 102.1 414.2 444.8 351.8 573.9 444.8 438.2 411.1 395.9 351.8 12

 13 Discrepancy 28.3 20.1 76.9 -32.8 -41.5 13.3 -32.8 -35.7 -47.6 -39.7 -41.5 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 60.8 71.1 73.6 75.7 74.2 64.7 75.7 67.8 68.3 67.6 74.2 14

 15 Asset: U.S.-chartered depository institutions 60.8 71.1 73.6 75.6 74.2 64.7 75.6 67.8 68.3 67.6 74.2 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 1562.3 1491.0 2249.1 2378.0 1977.2 2537.8 2378.0 2437.3 2242.5 2197.7 1977.2 17

 18 Asset: U.S.-chartered depository institutions 798.7 798.5 1252.9 1443.6 1235.6 1411.1 1443.6 1505.4 1305.8 1278.8 1235.6 18

 19 Foreign banking offices in U.S. 711.0 638.8 948.0 888.8 690.3 1087.8 888.8 872.3 886.7 871.1 690.3 19

 20 Credit unions 52.6 53.8 48.1 45.7 51.2 39.0 45.7 59.6 49.9 47.7 51.2 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions -0.4 -0.4 -0.9 -0.4 0.1 -0.6 -0.4 -0.7 -0.2 0.2 0.1 21

 22 Asset: Monetary authority -0.4 -0.4 -0.9 -0.4 0.1 -0.6 -0.4 -0.7 -0.2 0.2 0.1 22

 23 Federal Reserve float -0.6 -0.5 -1.0 -0.6 -0.0 -0.9 -0.6 -0.7 -0.4 -0.1 -0.0 23

 24 Loans to member banks 0.2 0.1 0.1 0.1 0.1 0.3 0.1 0.0 0.2 0.3 0.1 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 110.9 23.0 176.5 278.5 239.2 283.6 278.5 307.6 215.1 172.9 239.2 25

 26 Due to foreign affiliates 602.6 403.6 507.3 523.0 498.2 556.1 523.0 530.8 471.2 437.9 498.2 26

 27 - Due from foreign affiliates 491.7 380.6 330.8 244.5 259.0 272.5 244.5 223.2 256.1 265.0 259.0 27

 28 Foreign banking offices in U.S. (net) 135.9 84.3 242.2 175.0 118.6 297.8 175.0 139.3 205.6 225.5 118.6 28

 29 Due to foreign affiliates 1137.9 1047.9 1191.2 1067.5 925.9 1211.1 1067.5 1028.5 1028.5 1019.3 925.9 29

 30 - Due from foreign affiliates 1002.0 963.6 949.0 892.5 807.3 913.2 892.5 889.2 822.9 793.8 807.3 30

 31 Less: Deposits at foreign banks 22.9 20.3 20.0 21.4 18.7 21.3 21.4 19.8 19.0 17.9 18.7 31

 32 U.S.-chartered depository institutions 14.3 11.0 11.5 12.2 9.7 12.9 12.2 12.3 10.0 9.3 9.7 32

 33 Foreign banking offices in U.S. 8.6 9.3 8.5 9.2 9.1 8.4 9.2 7.6 9.1 8.6 9.1 33

 34 Plus: Loans from foreign banks 14.2 15.1 15.5 12.8 12.8 13.8 12.8 11.3 9.4 15.4 12.8 34

 35 U.S.-chartered depository institutions 6.7 6.4 6.4 4.1 4.9 4.6 4.1 4.0 3.2 6.6 4.9 35

 36 Foreign banking offices in U.S. 7.5 8.6 9.1 8.6 7.9 9.1 8.6 7.3 6.2 8.7 7.9 36

 37 Asset: Rest of the world (1) 238.1 102.1 414.2 444.8 351.8 573.9 444.8 438.2 411.1 395.9 351.8 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) 62.1 18.7 57.2 12.0 -5.0 55.0 12.0 4.1 -5.3 -3.9 -5.0 38

 39 Due to (3): 112.9 122.0 174.1 62.9 46.3 109.4 62.9 55.6 45.6 49.7 46.3 39

 40 Foreign banking offices in U.S. 28.2 31.3 29.0 27.6 23.0 29.2 27.6 23.6 23.9 22.3 23.0 40

 41 Banks in U.S.-affiliated areas 4.6 4.9 4.7 5.3 5.1 5.2 5.3 5.7 6.2 5.4 5.1 41

 42 Credit unions 51.9 65.7 63.5 62.8 59.7 61.7 62.8 62.0 62.9 61.7 59.7 42

 43 - Due from: Foreign banking offices in U.S. 50.8 103.3 116.9 50.9 51.3 54.4 50.9 51.5 50.8 53.5 51.3 43

 44 Unallocated (2) 28.3 20.1 76.9 -32.8 -41.5 13.3 -32.8 -35.7 -47.6 -39.7 -41.5 44

(1) Sum of lines 25 and 28 less line 31 plus line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 44), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, 42, and 44.
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L.204 Checkable Deposits and Currency

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2594.3 2853.8 3186.5 3537.5 3830.0 3356.9 3537.5 3441.3 3642.4 3558.0 3830.0 1

 2 Monetary authority 1165.7 1224.6 1364.1 1516.4 1720.8 1416.4 1516.4 1417.7 1588.3 1557.3 1720.8 2

 3 Federal government cash and deposits 85.9 92.9 162.6 223.7 333.7 158.5 223.7 100.3 254.4 198.9 333.7 3

 4 Due to government-sponsored enterprises 64.6 27.2 25.9 20.2 31.1 26.9 20.2 20.9 28.2 32.1 31.1 4

 5 Deposits due to foreign 0.2 6.5 8.0 5.3 5.2 5.3 5.3 5.2 5.3 6.2 5.2 5

 6 Currency outside banks 1015.0 1098.1 1167.6 1267.3 1350.8 1225.7 1267.3 1291.3 1300.4 1320.0 1350.8 6

 7 U.S.-chartered depository institutions 1260.5 1431.7 1579.8 1716.1 1766.4 1670.1 1716.1 1698.6 1717.2 1671.9 1766.4 7

 8 Federal government deposits 1.0 1.3 1.6 2.5 2.3 2.1 2.5 2.5 2.3 2.3 2.3 8

 9 Deposits due to foreign 56.1 51.8 51.2 53.3 36.7 52.5 53.3 52.3 47.3 35.6 36.7 9

 10 Private domestic deposits 1203.5 1378.5 1527.1 1660.2 1727.4 1615.6 1660.2 1643.8 1667.6 1633.9 1727.4 10

 11 Foreign banking offices in U.S. 45.6 61.8 92.6 137.8 154.1 114.2 137.8 149.4 161.2 152.8 154.1 11

 12 Deposits due to foreign 19.0 27.9 40.2 54.2 61.4 54.1 54.2 60.0 61.1 63.3 61.4 12

 13 Private domestic deposits 26.6 33.9 52.4 83.6 92.8 60.1 83.6 89.4 100.1 89.5 92.8 13

 14 Banks in U.S.-affiliated areas 19.4 21.9 28.2 33.4 35.0 27.8 33.4 33.0 35.8 35.4 35.0 14

 15 Credit unions 103.1 113.9 121.7 133.9 153.6 128.4 133.9 142.6 139.9 140.7 153.6 15

 16 Total assets 2594.3 2853.8 3186.5 3537.5 3830.0 3356.9 3537.5 3441.3 3642.4 3558.0 3830.0 16

 17 Household sector 724.1 887.4 1021.6 1162.8 1222.2 1080.6 1162.8 1170.5 1191.1 1114.6 1222.2 17

 18 Nonfinancial business 821.6 835.3 910.8 983.2 1085.7 965.1 983.2 1007.6 1053.0 1073.9 1085.7 18

 19 Corporate 265.3 219.8 283.3 319.9 381.6 315.4 319.9 336.1 370.1 383.7 381.6 19

 20 Noncorporate 556.3 615.5 627.6 663.2 704.1 649.8 663.2 671.5 682.9 690.2 704.1 20

 21 Federal government 84.6 92.2 163.0 226.8 338.1 160.5 226.8 104.8 258.5 202.6 338.1 21

 22 State and local governments 121.4 117.6 124.9 140.5 131.7 122.8 140.5 129.7 133.6 130.7 131.7 22

 23 Domestic financial sectors 364.1 374.0 369.9 350.4 351.3 382.7 350.4 340.1 321.6 347.1 351.3 23

 24 Property-casualty insurance companies 24.1 36.4 29.7 35.6 34.5 35.7 35.6 35.4 30.4 34.2 34.5 24

 25 Life insurance companies 53.7 56.4 47.2 50.8 50.4 52.9 50.8 50.3 43.3 54.1 50.4 25

 26 Private pension funds 18.1 16.4 15.9 16.4 17.8 16.5 16.4 16.8 16.6 17.0 17.8 26

 27 State and local govt. retirement funds 4.4 4.4 4.5 5.2 5.3 5.6 5.2 5.4 5.2 5.1 5.3 27

 28 Money market mutual funds 20.1 16.5 13.3 -4.3 7.4 -3.1 -4.3 -9.8 3.2 1.6 7.4 28

 29 Government-sponsored enterprises 72.7 52.6 81.6 65.0 59.7 89.3 65.0 53.4 41.1 47.4 59.7 29

 30 Finance companies 31.7 27.8 32.1 31.9 31.8 31.1 31.9 32.4 33.2 34.1 31.8 30

 31 REITs 27.6 35.3 34.0 38.1 38.3 38.0 38.1 38.6 34.4 38.1 38.3 31

 32 Brokers and dealers 111.8 128.2 111.7 111.8 106.1 116.7 111.8 117.7 114.1 115.6 106.1 32

 33 Rest of the world 472.3 540.4 591.3 671.0 699.9 641.6 671.0 687.3 682.7 687.6 699.9 33

 34 Checkable deposits 75.2 86.2 99.4 112.8 103.3 111.9 112.8 117.5 113.7 105.2 103.3 34

 35 Currency 397.1 454.2 491.9 558.2 596.6 529.7 558.2 569.7 569.1 582.5 596.6 35

 36 Mail float 6.3 7.0 4.9 2.8 1.2 3.6 2.8 1.4 1.8 1.6 1.2 36
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L.205 Time and Savings Deposits 

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 8952.2 9463.7 9872.9 10448.7 10856.1 10264.8 10448.7 10683.3 10628.2 10761.8 10856.1 1

 2 Small time and savings deposits 7202.2 7803.9 8110.8 8475.8 8990.7 8431.3 8475.8 8762.6 8708.7 8844.7 8990.7 2

 3 U.S.-chartered depository institutions 6425.7 6979.2 7236.0 7579.8 8042.0 7537.5 7579.8 7802.9 7780.9 7906.7 8042.0 3

 4 Foreign banking offices in U.S. 48.9 62.7 90.4 84.5 97.5 89.7 84.5 126.4 88.8 96.8 97.5 4

 5 Banks in U.S.-affiliated areas 18.9 18.8 21.4 23.4 21.9 20.9 23.4 21.6 22.8 22.3 21.9 5

 6 Credit unions 708.7 743.1 763.1 788.1 829.3 783.3 788.1 811.7 816.2 818.9 829.3 6

 7 Large time deposits (1) 1750.0 1659.9 1762.0 1972.9 1865.4 1833.5 1972.9 1920.7 1919.5 1917.0 1865.4 7

 8 U.S.-chartered depository institutions 882.9 803.0 826.9 929.3 951.2 745.9 929.3 924.2 919.7 948.2 951.2 8

 9 Foreign banking offices in U.S. 814.6 798.4 869.5 971.8 837.4 1019.8 971.8 924.7 926.3 893.9 837.4 9

 10 Banks in U.S.-affiliated areas 18.9 18.8 21.4 23.4 21.9 20.9 23.4 21.6 22.8 22.3 21.9 10

 11 Credit unions 33.5 39.7 44.3 48.4 54.8 46.8 48.4 50.2 50.7 52.7 54.8 11

 12 Total assets 8952.2 9463.7 9872.9 10448.7 10856.1 10264.8 10448.7 10683.3 10628.2 10761.8 10856.1 12

 13 Household sector 6820.0 7187.1 7397.7 7894.9 8383.4 7702.8 7894.9 8120.9 8091.3 8268.7 8383.4 13

 14 Nonfinancial business 924.2 967.5 1014.9 1025.4 1050.6 1007.8 1025.4 1012.9 1009.2 1020.2 1050.6 14

 15 Corporate 561.9 595.2 631.1 615.4 573.1 612.7 615.4 584.1 572.1 565.0 573.1 15

 16 Noncorporate 362.2 372.3 383.8 410.1 477.5 395.0 410.1 428.8 437.1 455.2 477.5 16

 17 Federal government 1.7 2.0 1.5 1.7 1.8 1.6 1.7 1.6 1.9 2.1 1.8 17

 18 State and local governments 258.2 294.1 312.0 319.6 330.3 317.3 319.6 328.3 319.4 322.9 330.3 18

 19 Domestic financial sectors 592.4 619.7 701.6 715.4 637.2 743.4 715.4 721.7 727.2 686.5 637.2 19

 20 Private pension funds 33.0 29.1 34.0 34.0 37.0 34.1 34.0 34.9 35.3 36.0 37.0 20

 21 State and local govt. retirement funds 36.0 32.9 35.4 39.9 42.9 38.5 39.9 41.9 43.3 42.0 42.9 21

 22 Money market mutual funds 402.7 435.4 494.8 515.5 438.0 531.1 515.5 512.1 510.1 476.8 438.0 22

 23 Government-sponsored enterprises 13.4 4.3 5.4 3.3 4.7 5.4 3.3 1.9 2.8 2.7 4.7 23

 24 Finance companies 95.0 83.5 96.2 95.7 95.5 93.3 95.7 97.1 99.7 102.2 95.5 24

 25 Holding companies 12.4 34.4 35.9 27.0 19.1 41.0 27.0 33.8 36.0 26.9 19.1 25

 26 Rest of the world 355.6 393.4 445.1 491.7 452.8 491.9 491.7 497.9 479.3 461.3 452.8 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 2642.5 2649.6 2678.5 2688.1 2715.7 2565.4 2688.1 2609.9 2580.2 2627.1 2715.7 1

 2 Household sector 1109.8 1112.4 1140.5 1098.9 1055.7 1087.3 1098.9 1001.8 985.0 993.2 1055.7 2

 3 Nonfinancial corporate business 462.4 519.4 559.1 580.2 586.4 539.1 580.2 563.5 561.3 571.0 586.4 3

 4 Nonfinancial noncorporate business 77.7 80.7 82.7 86.7 91.7 85.1 86.7 88.1 89.4 90.1 91.7 4

 5 State and local governments 153.2 157.5 158.8 165.8 182.0 164.3 165.8 169.8 173.4 177.4 182.0 5

 6 Property-casualty insurance companies 20.0 22.3 20.1 18.3 17.9 19.4 18.3 18.2 18.0 18.3 17.9 6

 7 Life insurance companies 28.8 27.5 21.6 27.7 29.2 22.6 27.7 26.6 24.7 29.1 29.2 7

 8 Private pension funds 152.9 135.7 148.4 138.9 142.6 141.3 138.9 138.7 137.0 140.0 142.6 8

 9 State and local govt. retirement funds 42.6 38.9 42.3 48.0 51.9 45.5 48.0 49.9 52.0 50.8 51.9 9

 10 Funding corporations 520.7 458.3 396.8 410.3 443.8 352.7 410.3 443.3 430.6 446.3 443.8 10

 11 Rest of the world 74.4 96.9 108.2 113.4 114.5 108.2 113.4 110.1 108.8 110.8 114.5 11
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L.207 Federal Funds and Security Repurchase Agreements (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3883.2 4132.0 3663.9 3696.6 3748.9 3679.4 3696.6 3752.5 3695.6 3847.5 3748.9 1

 2 Monetary authority 99.9 107.2 315.9 509.8 712.4 410.1 509.8 536.9 558.2 641.1 712.4 2

 3 U.S.-chartered depository institutions 402.5 349.9 269.4 236.2 196.8 249.9 236.2 228.7 226.2 205.9 196.8 3

 4 Federal funds (2) ND 69.4 58.3 38.7 39.4 55.0 38.7 28.7 34.2 29.8 39.4 4

 5 Security repurchase agreements ND 280.5 211.0 197.5 157.4 194.9 197.5 199.9 192.0 176.1 157.4 5

 6 Foreign banking offices in U.S. 304.4 325.0 312.7 371.3 406.6 375.4 371.3 369.9 374.8 375.4 406.6 6

 7 Federal funds (2) 24.1 21.5 18.8 27.2 26.9 33.7 27.2 38.5 22.7 26.9 26.9 7

 8 Security repurchase agreements 280.3 303.6 293.9 344.1 379.7 341.7 344.1 331.4 352.1 348.5 379.7 8

 9 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Property-casualty insurance companies 3.1 2.1 1.5 1.0 1.4 1.1 1.0 1.1 1.1 1.3 1.4 10

 11 Life insurance companies 12.1 14.4 20.9 21.9 22.8 22.5 21.9 22.1 22.4 22.4 22.8 11

 12 Government-sponsored enterprises 0.4 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.1 0.0 12

 13 REITs 218.1 320.6 254.0 261.2 237.7 249.4 261.2 258.3 250.1 241.4 237.7 13

 14 Brokers and dealers 2076.7 2207.9 1768.6 1547.7 1368.3 1606.3 1547.7 1535.3 1480.3 1493.7 1368.3 14

 15 Holding companies 1.2 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.1 0.1 15

 16 Rest of the world 764.7 804.9 720.9 747.3 802.8 764.6 747.3 800.1 782.4 866.1 802.8 16

 17 Total assets 3550.3 3919.1 3575.1 3744.8 3651.4 3674.3 3744.8 3713.9 3666.6 3773.3 3651.4 17

 18 Nonfinancial corporate business 12.6 9.7 8.7 21.3 20.3 20.8 21.3 20.2 21.8 17.3 20.3 18

 19 State and local governments 121.0 124.8 126.3 132.3 145.8 131.0 132.3 135.7 138.7 142.0 145.8 19

 20 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 U.S.-chartered depository institutions 242.6 302.7 215.4 185.0 209.8 196.0 185.0 215.1 208.9 212.3 209.8 21

 22 Federal funds (2) ND 58.1 47.0 30.6 19.4 45.5 30.6 25.4 22.4 19.3 19.4 22

 23 Security repurchase agreements ND 244.6 168.4 154.4 190.4 150.5 154.4 189.7 186.5 193.0 190.4 23

 24 Foreign banking offices in U.S. 120.1 178.3 177.1 218.1 218.5 218.7 218.1 199.8 210.5 198.5 218.5 24

 25 Federal funds (2) 3.7 3.0 1.3 1.3 0.9 1.7 1.3 1.0 1.2 0.7 0.9 25

 26 Security repurchase agreements 116.4 175.3 175.8 216.9 217.6 217.1 216.9 198.7 209.3 197.8 217.6 26

 27 Credit unions 15.9 9.7 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 Federal funds 15.9 9.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 Security repurchase agreements 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Property-casualty insurance companies 2.4 1.7 1.7 1.6 1.8 1.7 1.6 1.7 1.6 1.8 1.8 30

 31 Life insurance companies 6.1 8.2 2.9 3.4 7.5 6.7 3.4 5.7 5.5 5.8 7.5 31

 32 Private pension funds 2.7 2.4 2.8 2.8 3.0 2.8 2.8 2.9 3.0 2.9 3.0 32

 33 State and local govt. retirement funds 3.3 3.1 3.3 3.7 4.0 3.6 3.7 3.9 4.0 3.9 4.0 33

 34 Money market mutual funds 490.5 544.7 493.4 644.6 688.4 575.8 644.6 625.9 635.3 680.6 688.4 34

 35 Mutual funds 108.7 262.8 355.5 401.7 346.4 395.0 401.7 400.9 386.4 360.1 346.4 35

 36 Government-sponsored enterprises 112.3 150.8 152.3 162.6 153.7 110.9 162.6 158.2 141.0 149.0 153.7 36

 37 Of which: FHLB federal funds (3) 41.1 44.0 29.5 52.8 19.9 39.8 52.8 42.5 41.6 31.0 19.9 37

 38 Brokers and dealers 1583.1 1638.2 1321.0 1152.7 1133.3 1220.4 1152.7 1138.8 1171.2 1243.6 1133.3 38

 39 Holding companies 50.5 10.5 7.7 2.5 2.1 8.2 2.5 5.8 7.6 4.0 2.1 39

 40 Funding corporations 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 Rest of the world 678.5 671.6 706.9 812.3 716.7 782.6 812.3 799.4 731.0 751.5 716.7 41

 42 Discrepancy 332.9 212.9 88.8 -48.3 97.5 5.2 -48.3 38.6 29.0 74.2 97.5 42

 Memo:

 43 Effective federal funds rate (percent) (4) 0.07 0.16 0.09 0.12 0.24 0.09 0.12 0.11 0.13 0.14 0.24 43

 Federal Reserve’s reverse repurchase agreement operations: (5)

 44 Liability: Monetary authority (6) 0.0 0.0 197.8 396.7 474.6 300.0 396.7 378.5 392.6 449.6 474.6 44

 45 Asset: Money market mutual funds (7) 0.0 0.0 163.3 371.2 424.0 294.4 371.2 345.3 372.2 414.4 424.0 45

 46 Other financial institutions (8) 0.0 0.0 34.5 25.5 50.6 5.6 25.5 33.2 20.5 35.2 50.6 46

(1) Detailed data on federal funds and security repurchase agreements are only available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S.,

 2010:Q4 for credit unions, and 2000:Q1 for FHLB.

(2) Excludes term federal funds.

(3) Includes term federal funds.

(4) The effective federal funds rate is a weighted average of rates on brokered trades. Annualized using a 360-day year.

(5) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).

(6) Included in line 2.

(7) Included in line 34.

(8) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
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Z.1, March 10, 2016 113

L.208 Debt Securities (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 By instrument

 1 Total debt securities 34416.9 36043.9 37238.0 38542.7 39682.3 38119.5 38542.7 38731.1 38863.9 38984.7 39682.3 1

 2 Open market paper 969.3 952.4 951.6 930.4 941.5 996.1 930.4 952.7 978.8 991.3 941.5 2

 3 Treasury securities 11642.0 12822.9 13680.6 14416.7 15141.1 14117.4 14416.7 14434.9 14353.4 14376.7 15141.1 3

 4 Agency- and GSE-backed securities 7584.5 7560.3 7798.2 7948.4 8152.9 7837.6 7948.4 7904.9 7959.9 8047.1 8152.9 4

 5 Municipal securities 3719.4 3714.4 3671.2 3652.4 3714.8 3631.1 3652.4 3694.0 3714.6 3710.0 3714.8 5

 6 Corporate and foreign bonds 10501.8 10993.8 11136.3 11594.9 11732.1 11537.3 11594.9 11744.5 11857.2 11859.6 11732.1 6

 By sector

 7 Total liabilities 34416.9 36043.9 37238.0 38542.7 39682.3 38119.5 38542.7 38731.1 38863.9 38984.7 39682.3 7

 8 Domestic nonfinancial sectors 19040.6 20553.8 21661.3 22682.5 23864.1 22302.3 22682.5 22860.2 22942.5 23064.2 23864.1 8

 9 Household sector (nonprofits) 255.5 241.0 227.8 223.1 217.7 224.6 223.1 223.0 219.7 217.2 217.7 9

 10 Nonfinancial corporate business 4148.0 4500.7 4803.4 5107.4 5518.0 5044.6 5107.4 5232.2 5386.3 5489.9 5518.0 10

 11 Federal government 11667.3 12847.8 13705.1 14441.1 15165.6 14141.3 14441.1 14459.0 14378.1 14400.8 15165.6 11

 12 State and local governments 2970.0 2964.3 2924.9 2910.9 2962.7 2891.8 2910.9 2945.9 2958.5 2956.3 2962.7 12

 13 Domestic financial sectors 13117.6 12923.9 12926.8 13074.5 13101.9 12983.5 13074.5 13024.0 13080.3 13149.1 13101.9 13

 14 U.S.-chartered depository institutions 500.1 383.4 280.7 263.5 254.2 263.4 263.5 243.6 244.7 247.3 254.2 14

 15 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Government-sponsored enterprises 6247.3 6092.7 6200.2 6275.5 6352.9 6186.2 6275.5 6234.6 6258.0 6293.5 6352.9 16

 17 Agency- and GSE-backed mortgage pools 1311.9 1442.7 1573.5 1648.5 1775.5 1627.5 1648.5 1646.2 1677.2 1729.5 1775.5 17

 18 ABS issuers 2068.0 1841.0 1519.1 1437.1 1360.0 1448.1 1437.1 1438.6 1426.3 1386.3 1360.0 18

 19 Finance companies 1158.5 1084.5 1078.3 1080.3 1068.1 1066.6 1080.3 1089.9 1070.3 1077.4 1068.1 19

 20 REITs 152.9 179.4 352.2 401.5 393.1 401.6 401.5 403.5 401.0 394.5 393.1 20

 21 Brokers and dealers 91.8 90.2 112.4 123.9 131.3 123.9 123.9 107.4 135.8 135.4 131.3 21

 22 Holding companies 966.5 1219.6 1192.1 1200.1 1057.2 1207.7 1200.1 1188.8 1192.6 1181.5 1057.2 22

 23 Funding corporations 620.5 590.5 618.2 644.0 709.6 658.3 644.0 671.3 674.5 703.8 709.6 23

 24 Rest of the world 2258.7 2566.1 2649.9 2785.8 2716.3 2833.8 2785.8 2847.0 2841.0 2771.4 2716.3 24

 25 Total assets: 34416.9 36043.9 37238.0 38542.7 39682.3 38119.5 38542.7 38731.1 38863.9 38984.7 39682.3 25

 26 Domestic nonfinancial sectors 5870.9 5694.6 5221.4 4732.2 4769.6 4805.3 4732.2 4693.5 4756.7 4861.5 4769.6 26

 27 Household sector 4305.7 4151.9 3749.3 3244.4 3230.6 3335.2 3244.4 3190.5 3256.8 3341.1 3230.6 27

 28 Nonfinancial corporate business 147.4 135.0 121.8 113.2 99.7 111.7 113.2 103.1 98.0 95.8 99.7 28

 29 Nonfinancial noncorporate business 54.8 59.0 59.5 62.4 67.1 61.3 62.4 63.4 64.7 65.5 67.1 29

 30 Federal government 31.9 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 30

 31 State and local governments 1331.1 1348.1 1290.3 1311.6 1371.7 1296.7 1311.6 1335.9 1336.7 1358.5 1371.7 31

 32 Domestic financial sectors 19797.4 20984.5 22428.4 23663.6 24561.0 23301.6 23663.6 23780.2 23745.3 23836.9 24561.0 32

 33 Monetary authority 2605.1 2669.6 3756.2 4236.9 4242.0 4188.2 4236.9 4228.4 4228.9 4238.3 4242.0 33

 34 U.S.-chartered depository institutions 2658.2 2821.8 2912.4 3153.9 3368.3 3077.8 3153.9 3223.9 3262.8 3276.3 3368.3 34

 35 Foreign banking offices in U.S. 327.8 339.2 288.8 274.3 265.3 279.7 274.3 265.8 253.3 262.7 265.3 35

 36 Banks in U.S.-affiliated areas 13.5 10.9 12.4 11.1 11.9 11.4 11.1 11.1 11.4 11.4 11.9 36

 37 Credit unions 209.2 227.2 231.7 222.8 213.6 233.6 222.8 228.1 225.3 216.2 213.6 37

 38 Property-casualty insurance companies 921.9 922.2 950.8 964.6 971.2 959.9 964.6 960.3 963.8 967.3 971.2 38

 39 Life insurance companies 2818.5 2879.1 2934.2 3004.3 3085.2 3000.2 3004.3 3030.0 3046.2 3073.3 3085.2 39

 40 Private pension funds 947.7 1093.0 1182.6 1207.4 1249.4 1208.1 1207.4 1221.7 1223.2 1234.3 1249.4 40

 41 Federal government retirement funds 1381.1 1436.9 1544.7 1631.2 1722.6 1564.0 1631.2 1523.0 1395.6 1303.0 1722.6 41

 42 State and local govt. retirement funds 764.6 763.7 851.0 894.2 883.4 887.4 894.2 903.6 902.2 877.6 883.4 42

 43 Money market mutual funds 1663.6 1580.9 1611.7 1490.8 1561.2 1419.6 1490.8 1440.7 1393.7 1442.4 1561.2 43

 44 Mutual funds 3235.8 3875.6 4200.1 4667.2 5061.9 4533.1 4667.2 4820.9 4928.3 4987.4 5061.9 44

 45 Closed-end funds 144.7 155.9 169.5 165.6 160.6 167.8 165.6 165.3 166.6 162.3 160.6 45

 46 Exchange-traded funds 178.8 231.1 243.3 294.3 349.3 272.4 294.3 313.6 315.5 337.0 349.3 46

 47 Government-sponsored enterprises 722.3 585.7 491.1 472.1 436.1 474.2 472.1 465.7 448.7 442.7 436.1 47

 48 ABS issuers 28.9 23.0 21.8 27.3 28.2 25.0 27.3 28.0 29.0 28.7 28.2 48

 49 Finance companies 85.0 78.7 67.9 73.9 79.6 69.9 73.9 76.1 79.6 78.3 79.6 49

 50 REITs 275.1 394.1 298.3 309.5 276.6 296.9 309.5 305.5 289.2 280.7 276.6 50

 51 Brokers and dealers 508.9 612.7 426.4 337.3 300.6 333.9 337.3 344.8 318.9 308.1 300.6 51

 52 Holding companies 78.2 103.8 76.1 76.0 55.3 88.7 76.0 70.5 70.9 75.4 55.3 52

 53 Funding corporations 228.7 179.4 157.4 148.9 239.0 210.0 148.9 153.3 192.2 233.5 239.0 53

 54 Rest of the world 8748.7 9364.8 9588.1 10146.9 10351.8 10012.6 10146.9 10257.4 10362.0 10286.3 10351.8 54

(1) Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
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114 Z.1, March 10, 2016

L.209 Open Market Paper

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total outstanding, all types 969.3 952.4 951.6 930.4 941.5 996.1 930.4 952.7 978.8 991.3 941.5 1

 2 Commercial paper 969.2 952.4 951.6 930.4 941.5 996.1 930.4 952.7 978.8 991.3 941.5 2

 3 Nonfinancial corporate business 116.3 130.3 144.5 182.0 176.5 207.1 182.0 188.2 177.5 201.2 176.5 3

 4 Foreign issues in U.S. 345.1 373.0 407.0 385.6 444.8 393.1 385.6 415.9 429.4 447.8 444.8 4

 5 Nonfinancial 30.2 40.4 51.6 45.2 44.1 64.6 45.2 49.7 67.0 57.8 44.1 5

 6 Financial 314.9 332.6 355.4 340.4 400.7 328.5 340.4 366.2 362.4 390.0 400.7 6

 7 Financial business 507.8 449.1 400.2 362.9 320.1 395.9 362.9 348.5 371.9 342.3 320.1 7

 8 U.S.-chartered depository institutions 120.6 87.5 59.7 54.5 53.6 54.7 54.5 49.0 50.1 51.1 53.6 8

 9 ABS issuers 96.0 87.0 79.9 64.8 57.5 71.9 64.8 64.4 70.0 58.1 57.5 9

 10 Finance companies 121.0 129.1 118.8 117.8 115.2 115.8 117.8 113.8 121.0 122.2 115.2 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 75.9 116.4 96.6 77.0 5.7 81.9 77.0 70.0 56.3 16.0 5.7 12

 13 Funding corporations 94.3 29.0 45.2 48.9 88.2 71.6 48.9 51.3 74.5 94.9 88.2 13

 14 Bankers’ acceptances (1) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 U.S.-chartered depository institutions 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holdings, by sector 969.3 952.4 951.6 930.4 941.5 996.1 930.4 952.7 978.8 991.3 941.5 17

 18 Household sector 19.4 18.8 15.0 14.9 13.7 15.9 14.9 15.2 15.7 14.3 13.7 18

 19 Nonfinancial corporate business 67.9 59.5 52.9 53.6 47.4 51.6 53.6 50.7 50.1 48.3 47.4 19

 20 State and local governments 90.5 82.7 73.3 66.3 64.9 68.3 66.3 65.4 64.2 67.0 64.9 20

 21 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Property-casualty insurance companies 8.8 7.4 8.1 7.9 7.9 8.2 7.9 7.9 7.8 7.9 7.9 25

 26 Life insurance companies 29.7 43.6 46.7 42.2 42.5 40.3 42.2 43.2 41.8 45.5 42.5 26

 27 Private pension funds 42.6 37.7 43.6 44.8 47.8 44.7 44.8 46.6 47.4 47.2 47.8 27

 28 State and local govt. retirement funds 42.1 38.5 41.4 46.2 49.4 45.4 46.2 49.2 50.8 49.2 49.4 28

 29 Money market mutual funds 354.2 340.8 352.0 333.5 294.2 331.6 333.5 341.8 336.6 332.3 294.2 29

 30 Mutual funds 40.0 77.5 105.2 120.5 102.1 118.2 120.5 120.2 115.4 106.6 102.1 30

 31 Government-sponsored enterprises 6.5 3.4 4.4 6.0 4.6 6.0 6.0 5.6 5.6 5.0 4.6 31

 32 Brokers and dealers 42.1 29.9 28.7 20.8 19.5 20.9 20.8 21.7 19.6 19.5 19.5 32

 33 Funding corporations 122.9 109.8 79.0 65.8 144.7 125.4 65.8 66.7 110.8 147.7 144.7 33

 34 Rest of the world 102.7 102.8 101.3 107.9 102.7 119.6 107.9 118.4 113.0 100.8 102.7 34

(1) Excludes banks’ holdings of own acceptances.
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Z.1, March 10, 2016 115

L.210 Treasury Securities (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 11642.0 12822.9 13680.6 14416.7 15141.1 14117.4 14416.7 14434.9 14353.4 14376.7 15141.1 1

 2 Marketable Treasury securities 9906.1 11027.9 11834.2 12480.9 13169.0 12255.8 12480.9 12606.7 12670.7 12812.8 13169.0 2

 3 Treasury bills 1519.5 1626.5 1590.6 1456.7 1511.0 1409.6 1456.7 1476.5 1393.2 1355.2 1511.0 3

 4 Other Treasury notes, bonds, and TIPS 8378.2 9394.4 10228.6 11010.6 11643.0 10832.5 11010.6 11116.6 11265.2 11445.3 11643.0 4

 5 Held in the Civil Service Retirement Fund (2) 8.4 7.1 15.0 13.6 15.0 13.6 13.6 13.6 12.3 12.3 15.0 5

 6 Nonmarketable Treasury securities 1735.9 1795.0 1846.5 1935.8 1972.1 1861.6 1935.8 1828.2 1682.7 1563.9 1972.1 6

 7 U.S. savings securities 185.3 182.5 179.2 176.0 171.6 176.8 176.0 175.0 174.0 172.8 171.6 7

 8 State and local government series (SLGS) 152.1 162.6 120.6 116.5 75.2 105.7 116.5 117.9 99.8 78.1 75.2 8

 9 Thrift Savings Plan G Fund 147.7 158.5 172.7 191.3 206.9 183.7 191.3 131.7 68.6 0.0 206.9 9

 10 Federal govt. defined benefit pension plans 1205.2 1247.0 1337.3 1407.5 1481.8 1348.2 1407.5 1358.7 1295.3 1271.9 1481.8 10

 11 Other nonmarketable securities 45.6 44.4 36.6 44.6 36.5 47.3 44.6 44.9 45.1 41.0 36.5 11

 12 Total assets 11642.0 12822.9 13680.6 14416.7 15141.1 14117.4 14416.7 14434.9 14353.4 14376.7 15141.1 12

 13 Household sector 708.2 913.8 975.9 874.0 1271.7 837.0 874.0 864.7 976.7 1121.9 1271.7 13

 14 U.S. savings securities (line 7) 185.3 182.5 179.2 176.0 171.6 176.8 176.0 175.0 174.0 172.8 171.6 14

 15 Other Treasury securities 522.9 731.3 796.7 698.0 1100.0 660.3 698.0 689.8 802.7 949.1 1100.0 15

 16 Nonfinancial corporate business 43.0 39.4 38.8 35.2 29.1 35.6 35.2 28.4 25.8 25.9 29.1 16

 17 Nonfinancial noncorporate business 48.9 52.9 55.2 57.9 62.1 56.8 57.9 58.8 59.9 60.7 62.1 17

 18 State and local governments 561.3 604.2 586.3 623.6 681.2 603.1 623.6 642.6 640.8 655.0 681.2 18

 19 SLGS (line 8) 152.1 162.6 120.6 116.5 75.2 105.7 116.5 117.9 99.8 78.1 75.2 19

 20 Other Treasury securities 409.2 441.6 465.7 507.1 606.1 497.5 507.1 524.7 541.0 576.8 606.1 20

 21 Monetary authority 1663.4 1666.1 2208.8 2461.4 2461.6 2451.7 2461.4 2459.6 2461.0 2461.9 2461.6 21

 22 Treasury bills 18.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Other Treasury securities 1645.0 1666.1 2208.8 2461.4 2461.6 2451.7 2461.4 2459.6 2461.0 2461.9 2461.6 23

 24 U.S.-chartered depository institutions 173.9 243.2 217.1 420.4 435.2 359.0 420.4 421.3 424.2 420.9 435.2 24

 25 Foreign banking offices in U.S. 60.5 76.6 67.0 56.5 69.8 60.4 56.5 55.7 57.3 54.7 69.8 25

 26 Banks in U.S.-affiliated areas 1.0 0.4 1.2 1.3 2.4 1.3 1.3 1.5 1.8 2.2 2.4 26

 27 Credit unions 17.6 19.3 19.1 21.6 23.4 26.2 21.6 22.9 23.3 22.9 23.4 27

 28 Property-casualty insurance companies 96.4 89.7 96.1 102.0 103.2 101.2 102.0 101.6 101.5 102.3 103.2 28

 29 Treasury bills 17.4 14.1 23.5 26.8 28.2 26.8 26.8 26.7 26.4 26.9 28.2 29

 30 Other Treasury securities 78.9 75.6 72.6 75.2 75.0 74.3 75.2 74.8 75.2 75.4 75.0 30

 31 Life insurance companies 175.4 180.9 168.6 182.9 196.6 178.9 182.9 193.3 191.1 195.2 196.6 31

 32 Treasury bills 14.0 9.5 6.7 8.7 9.2 7.0 8.7 8.3 7.7 9.1 9.2 32

 33 Other Treasury securities 161.4 171.4 162.0 174.3 187.4 171.8 174.3 185.0 183.3 186.0 187.4 33

 34 Private pension funds 247.4 311.8 308.4 321.4 335.5 319.2 321.4 326.4 329.3 332.4 335.5 34

 35 Defined benefit plans 152.4 188.3 185.7 191.2 198.6 190.3 191.2 194.5 195.7 197.2 198.6 35

 36 Defined contribution plans 95.1 123.5 122.7 130.1 136.9 129.0 130.1 131.9 133.6 135.3 136.9 36

 37 Federal government retirement funds 1367.2 1419.8 1530.6 1617.7 1709.1 1550.7 1617.7 1509.3 1381.7 1289.5 1709.1 37

 38 Defined benefit plans 1215.4 1255.5 1353.7 1422.6 1498.2 1363.3 1422.6 1373.7 1309.1 1285.6 1498.2 38

 39 Defined contribution plans 151.8 164.2 176.9 195.0 210.9 187.3 195.0 135.6 72.6 3.9 210.9 39

 40 State and local govt. retirement funds 176.5 188.8 201.1 188.5 169.9 197.1 188.5 183.7 179.1 172.9 169.9 40

 41 Defined benefit plans 160.7 172.8 188.2 176.8 159.7 185.2 176.8 172.7 169.1 162.2 159.7 41

 42 Defined contribution plans 15.7 16.1 12.9 11.7 10.2 11.9 11.7 10.9 10.0 10.7 10.2 42

 43 Money market mutual funds 443.3 457.8 488.0 412.7 475.4 393.7 412.7 434.5 398.2 384.8 475.4 43

 44 Treasury bills 263.7 282.8 289.4 240.9 232.3 233.7 240.9 222.1 194.0 179.3 232.3 44

 45 Other Treasury securities 179.7 175.0 198.6 171.8 243.0 160.0 171.8 212.4 204.2 205.4 243.0 45

 46 Mutual funds 447.3 571.5 628.1 642.3 718.0 633.3 642.3 702.3 695.6 703.9 718.0 46

 47 Treasury bills 31.2 43.9 34.6 26.2 36.2 30.5 26.2 24.3 29.8 39.0 36.2 47

 48 Other Treasury securities 416.1 527.7 593.5 616.1 681.7 602.8 616.1 678.1 665.8 664.9 681.7 48

 49 Closed-end funds 4.8 5.2 5.7 5.5 5.1 5.8 5.5 5.4 5.4 5.3 5.1 49

 50 Exchange-traded funds 62.4 63.6 57.1 70.1 84.2 64.4 70.1 73.2 73.7 88.4 84.2 50

 51 Government-sponsored enterprises 100.2 69.0 59.1 64.3 85.9 65.0 64.3 71.8 70.8 77.6 85.9 51

 52 ABS issuers 28.6 22.7 21.7 27.2 28.2 24.9 27.2 27.9 28.9 28.6 28.2 52

 53 Brokers and dealers 183.6 246.5 136.0 60.2 65.3 56.0 60.2 63.7 43.6 53.6 65.3 53

 54 Holding companies 26.8 8.2 16.6 13.9 10.2 23.9 13.9 10.2 8.9 12.9 10.2 54

 55 Rest of the world 5004.4 5571.5 5793.8 6156.2 6118.0 6072.2 6156.2 6176.0 6174.9 6103.3 6118.0 55

 56 Treasury bills 647.7 661.7 685.0 671.6 723.4 614.1 671.6 702.0 700.6 665.8 723.4 56

 57 Other Treasury securities 4356.7 4909.8 5108.9 5484.5 5394.6 5458.1 5484.5 5474.0 5474.4 5437.4 5394.6 57

(1) Includes marketable and nonmarketable Treasury securities held by the public (net of premiums and discounts) and Treasury securities held by federal government employee retirement funds.

 In the Financial Accounts, nonmarketable government securities held by federal government employee defined benefit retirement funds are considered part of the financial business sector as

 opposed to intragovernmental holdings as reported on the Monthly Statement of the Public Debt.

(2) Long-term marketable securities issued to the Civil Service Retirement Fund by the Federal Financing Bank. These securities are not currently traded in the market.
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116 Z.1, March 10, 2016

L.211 Agency- and GSE-Backed Securities (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 7584.5 7560.3 7798.2 7948.4 8152.9 7837.6 7948.4 7904.9 7959.9 8047.1 8152.9 1

 2 Budget agencies 25.3 24.9 24.5 24.4 24.6 23.9 24.4 24.1 24.7 24.1 24.6 2

 3 Government-sponsored enterprises 6247.3 6092.7 6200.2 6275.5 6352.9 6186.2 6275.5 6234.6 6258.0 6293.5 6352.9 3

 4 Agency- and GSE-backed mortgage pools 1311.9 1442.7 1573.5 1648.5 1775.5 1627.5 1648.5 1646.2 1677.2 1729.5 1775.5 4

 5 Total assets 7584.5 7560.3 7798.2 7948.4 8152.9 7837.6 7948.4 7904.9 7959.9 8047.1 8152.9 5

 6 Household sector 363.4 302.3 298.4 99.7 134.6 123.5 99.7 96.5 102.3 120.4 134.6 6

 7 Nonfinancial corporate business 14.3 13.1 8.9 11.7 9.7 11.9 11.7 9.5 8.6 8.6 9.7 7

 8 Federal government 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 State and local governments 502.8 482.4 452.9 438.7 427.4 443.3 438.7 441.1 441.6 442.8 427.4 9

 10 Monetary authority 941.7 1003.4 1547.4 1775.5 1780.4 1736.4 1775.5 1768.8 1768.0 1776.3 1780.4 10

 11 U.S.-chartered depository institutions 1634.1 1669.6 1717.3 1760.3 1924.7 1758.2 1760.3 1815.0 1845.5 1861.5 1924.7 11

 12 Foreign banking offices in U.S. 30.6 32.1 25.4 20.5 23.1 20.5 20.5 19.3 23.3 20.9 23.1 12

 13 Banks in U.S.-affiliated areas 4.8 2.6 1.9 1.7 1.8 1.8 1.7 1.5 1.8 1.8 1.8 13

 14 Credit unions 182.1 197.0 199.2 187.5 175.1 193.6 187.5 190.1 186.9 178.3 175.1 14

 15 Property-casualty insurance companies 122.7 114.3 109.5 105.2 105.9 106.0 105.2 104.8 105.2 105.5 105.9 15

 16 Life insurance companies 374.4 360.9 354.1 339.1 339.1 344.5 339.1 338.6 342.4 341.9 339.1 16

 17 Private pension funds 174.6 176.7 171.0 160.8 154.3 164.0 160.8 159.1 155.9 154.1 154.3 17

 18 Federal government retirement funds 6.5 8.1 6.4 5.9 6.0 5.7 5.9 6.0 6.1 6.0 6.0 18

 19 State and local govt. retirement funds 137.3 112.0 114.6 109.8 101.4 113.5 109.8 107.7 106.1 102.3 101.4 19

 20 Money market mutual funds 403.7 343.5 361.3 384.6 460.1 344.4 384.6 323.4 333.9 392.6 460.1 20

 21 Mutual funds 794.0 879.8 854.2 929.3 943.9 897.7 929.3 917.3 914.7 925.5 943.9 21

 22 Government-sponsored enterprises 358.9 310.6 287.9 295.7 272.6 290.3 295.7 292.6 285.8 281.4 272.6 22

 23 ABS issuers 0.3 0.3 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 23

 24 REITs 248.1 357.6 261.9 269.8 229.2 258.8 269.8 260.1 241.8 234.8 229.2 24

 25 Brokers and dealers 147.7 169.6 114.2 121.9 109.7 106.7 121.9 124.3 125.5 122.8 109.7 25

 26 Holding companies 33.1 22.9 28.0 28.0 23.7 27.2 28.0 31.0 29.6 30.3 23.7 26

 27 Rest of the world 1078.2 1001.2 883.8 902.6 930.2 889.6 902.6 898.3 934.7 939.1 930.2 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown on table L.106, line 20.
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L.212 Municipal Securities

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3719.4 3714.4 3671.2 3652.4 3714.8 3631.1 3652.4 3694.0 3714.6 3710.0 3714.8 1

 2 State and local governments 2970.0 2964.3 2924.9 2910.9 2962.7 2891.8 2910.9 2945.9 2958.5 2956.3 2962.7 2

 3 Short-term (1) 52.3 56.1 45.3 38.6 32.8 37.0 38.6 38.1 31.1 31.5 32.8 3

 4 Long-term 2917.6 2908.2 2879.6 2872.3 2930.0 2854.8 2872.3 2907.9 2927.4 2924.8 2930.0 4

 5 Nonprofit organizations (2) 255.5 241.0 227.8 223.1 217.7 224.6 223.1 223.0 219.7 217.2 217.7 5

 6 Nonfinancial corporate business 493.9 509.1 518.5 518.4 534.3 514.8 518.4 525.1 536.5 536.5 534.3 6

 (industrial revenue bonds)

 7 Total assets 3719.4 3714.4 3671.2 3652.4 3714.8 3631.1 3652.4 3694.0 3714.6 3710.0 3714.8 7

 8 Household sector 1805.6 1660.9 1607.7 1540.4 1514.8 1553.7 1540.4 1556.2 1567.9 1550.4 1514.8 8

 9 Nonfinancial corporate business 22.3 22.9 21.2 12.7 13.5 12.7 12.7 14.5 13.6 12.9 13.5 9

 10 Nonfinancial noncorporate business 5.9 6.1 4.4 4.6 4.9 4.5 4.6 4.6 4.7 4.8 4.9 10

 11 State and local governments 13.2 13.3 13.3 13.6 14.8 13.6 13.6 13.9 14.2 14.4 14.8 11

 12 U.S.-chartered depository institutions 297.3 365.0 418.9 451.5 498.9 440.4 451.5 465.2 476.6 488.1 498.9 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Banks in U.S.-affiliated areas 3.4 2.6 3.6 2.7 2.1 2.6 2.7 2.7 2.5 2.2 2.1 14

 15 Credit unions 3.2 4.2 4.6 3.8 4.3 5.0 3.8 3.9 4.2 4.4 4.3 15

 16 Property-casualty insurance companies 331.0 328.1 326.4 321.7 323.4 322.1 321.7 320.3 321.6 322.6 323.4 16

 17 Life insurance companies 121.8 131.5 141.6 147.8 151.9 147.0 147.8 148.1 149.0 150.4 151.9 17

 18 Private pension funds 0.1 0.3 0.5 0.6 0.5 0.6 0.6 0.6 0.6 0.5 0.5 18

 19 State and local govt. retirement funds 1.7 1.8 3.1 4.1 2.8 3.4 4.1 2.8 4.7 2.9 2.8 19

 20 Money market mutual funds 357.3 336.7 308.3 281.7 268.2 278.7 281.7 273.5 257.7 256.7 268.2 20

 21 Mutual funds 541.2 627.4 613.9 657.7 705.4 643.2 657.7 673.9 683.2 688.2 705.4 21

 22 Closed-end funds 82.5 86.0 84.3 84.8 84.0 84.2 84.8 84.6 83.9 83.8 84.0 22

 23 Exchange-traded funds 8.6 12.3 11.4 14.6 18.5 13.4 14.6 16.0 16.6 17.1 18.5 23

 24 Government-sponsored enterprises 21.0 17.0 13.4 10.8 8.1 11.4 10.8 9.9 9.1 8.7 8.1 24

 25 Brokers and dealers 30.9 26.6 18.6 18.9 14.0 16.2 18.9 20.6 19.0 15.9 14.0 25

 26 Rest of the world 72.4 71.8 76.1 80.4 84.6 78.6 80.4 82.5 85.4 86.0 84.6 26

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

(2) Liability of the households and nonprofit organizations sector (tables F.101 and L.101).
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L.213 Corporate and Foreign Bonds

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 10501.8 10993.8 11136.3 11594.9 11732.1 11537.3 11594.9 11744.5 11857.2 11859.6 11732.1 1

 2 Nonfinancial corporate business 3537.7 3861.2 4140.4 4407.1 4807.1 4322.8 4407.1 4518.9 4672.4 4752.2 4807.1 2

 3 Domestic financial sectors 5050.5 4939.4 4752.9 4787.6 4653.5 4773.9 4787.6 4794.6 4773.2 4783.8 4653.5 3

 4 U.S.-chartered depository institutions 379.4 295.9 221.0 209.0 200.6 208.7 209.0 194.6 194.5 196.2 200.6 4

 5 ABS issuers (net) (1) 1971.9 1754.0 1439.2 1372.4 1302.6 1376.2 1372.4 1374.3 1356.2 1328.2 1302.6 5

 6 Finance companies 1037.5 955.3 959.5 962.6 952.9 950.8 962.6 976.1 949.3 955.3 952.9 6

 7 REITs 152.9 179.4 352.2 401.5 393.1 401.6 401.5 403.5 401.0 394.5 393.1 7

 8 Brokers and dealers 91.8 90.2 112.4 123.9 131.3 123.9 123.9 107.4 135.8 135.4 131.3 8

 9 Holding companies 890.6 1103.2 1095.6 1123.2 1051.6 1125.9 1123.2 1118.8 1136.3 1165.5 1051.6 9

 10 Funding corporations 526.2 561.5 572.9 595.1 621.4 586.7 595.1 620.0 600.1 608.9 621.4 10

 11 Rest of the world (2) 1913.6 2193.1 2242.9 2400.2 2271.5 2440.7 2400.2 2431.0 2411.6 2323.6 2271.5 11

 12 Total assets (3) 10501.8 10993.8 11136.3 11594.9 11732.1 11537.3 11594.9 11744.5 11857.2 11859.6 11732.1 12

 13 Household sector 1409.1 1256.0 852.3 715.5 295.8 805.1 715.5 657.7 594.2 534.2 295.8 13

 14 Federal government 0.8 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 14

 15 State and local governments 163.3 165.4 164.5 169.3 183.4 168.4 169.3 172.9 175.9 179.3 183.4 15

 16 U.S.-chartered depository institutions 553.0 544.0 559.2 521.7 509.5 520.1 521.7 522.4 516.5 505.8 509.5 16

 17 MBS and other ABS 150.1 149.1 147.7 139.1 127.2 139.1 139.1 137.8 135.0 131.1 127.2 17

 18 Other 402.9 394.9 411.4 382.6 382.3 381.0 382.6 384.7 381.5 374.8 382.3 18

 19 Foreign banking offices in U.S. 236.7 230.5 196.4 197.3 172.4 198.9 197.3 190.8 172.8 187.2 172.4 19

 20 Banks in U.S.-affiliated areas 4.2 5.2 5.8 5.3 5.6 5.7 5.3 5.4 5.3 5.2 5.6 20

 21 Credit unions 6.3 6.7 8.9 9.9 10.8 8.8 9.9 11.1 10.9 10.7 10.8 21

 22 MBS and other ABS 5.9 6.6 8.7 9.7 10.6 8.7 9.7 11.0 10.6 10.5 10.6 22

 23 Other 0.4 0.1 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 23

 24 Property-casualty insurance companies 363.1 382.7 410.8 427.7 430.7 422.4 427.7 425.8 427.7 429.0 430.7 24

 25 MBS and other ABS 71.3 74.5 82.7 92.0 92.3 89.6 92.0 91.4 91.9 92.0 92.3 25

 26 Other 291.8 308.2 328.0 335.7 338.5 332.8 335.7 334.4 335.8 337.0 338.5 26

 27 Life insurance companies 2117.3 2162.2 2223.0 2292.3 2355.2 2289.5 2292.3 2306.8 2321.9 2340.3 2355.2 27

 28 MBS and other ABS 434.9 410.6 419.7 435.5 443.4 431.5 435.5 437.0 438.0 441.6 443.4 28

 29 Other 1682.3 1751.6 1803.3 1856.8 1911.7 1858.0 1856.8 1869.8 1883.9 1898.7 1911.7 29

 30 Private pension funds 482.9 566.5 659.0 679.8 711.3 679.6 679.8 688.9 690.0 700.1 711.3 30

 31 Federal government retirement funds 7.3 9.0 7.7 7.7 7.5 7.6 7.7 7.7 7.8 7.5 7.5 31

 32 State and local govt. retirement funds 407.0 422.5 490.7 545.5 559.7 528.0 545.5 560.2 561.5 550.3 559.7 32

 33 Money market mutual funds 105.1 102.1 102.0 78.3 63.4 71.1 78.3 67.5 67.3 76.1 63.4 33

 34 Mutual funds 1413.4 1719.4 1998.7 2317.5 2592.4 2240.7 2317.5 2407.2 2519.4 2563.1 2592.4 34

 35 Closed-end funds 57.3 64.8 79.4 75.3 71.5 77.8 75.3 75.2 77.2 73.3 71.5 35

 36 Exchange-traded funds 107.7 155.3 174.8 209.6 246.5 194.7 209.6 224.4 225.2 231.6 246.5 36

 37 Government-sponsored enterprises 235.7 185.7 126.3 95.4 64.9 101.4 95.4 85.8 77.5 69.8 64.9 37

 38 MBS and other ABS 209.5 178.3 119.4 89.3 59.5 95.1 89.3 79.8 71.7 64.2 59.5 38

 39 Other 26.2 7.4 6.8 6.2 5.4 6.3 6.2 6.0 5.8 5.6 5.4 39

 40 Finance companies 85.0 78.7 67.9 73.9 79.6 69.9 73.9 76.1 79.6 78.3 79.6 40

 41 REITs 27.0 36.5 36.3 39.7 47.4 38.1 39.7 45.4 47.4 45.9 47.4 41

 42 Brokers and dealers 104.5 140.0 128.9 115.5 92.1 134.1 115.5 114.5 111.2 96.4 92.1 42

 43 Holding companies 18.3 72.7 31.5 34.1 21.5 37.6 34.1 29.2 32.4 32.1 21.5 43

 44 Funding corporations 105.8 69.6 78.4 83.1 94.2 84.6 83.1 86.6 81.4 85.8 94.2 44

 45 Rest of the world (4) 2491.0 2617.6 2733.1 2899.7 3116.3 2852.6 2899.7 2982.3 3053.9 3057.1 3116.3 45

 46 MBS and other ABS 415.5 403.9 395.8 401.5 407.2 392.7 401.5 406.2 415.2 414.5 407.2 46

 47 Other 2075.6 2213.6 2337.3 2498.2 2709.0 2459.9 2498.2 2576.1 2638.6 2642.6 2709.0 47

(1) Liabilities net of assets.

(2) Holdings of foreign issues by U.S. residents.

(3) For some sectors, holdings of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately issued asset-backed bonds.

(4) Holdings of U.S. issues by foreign residents.
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L.214 Loans (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 By instrument

 1 Total loans 21204.1 21466.8 22039.6 23013.6 23785.7 22720.9 23013.6 23084.4 23393.6 23514.6 23785.7 1

 2 Depository institution loans n.e.c. 2217.0 2393.8 2590.3 2910.2 3207.3 2785.7 2910.2 2988.1 3073.6 3099.6 3207.3 2

 3 Other loans and advances 2732.1 2880.0 3088.5 3343.4 3249.4 3328.9 3343.4 3313.2 3345.1 3240.9 3249.4 3

 4 Mortgages 13499.5 13270.0 13262.0 13442.8 13795.8 13357.2 13442.8 13462.0 13579.9 13696.1 13795.8 4

 5 Home 10206.9 9976.5 9879.8 9884.3 9986.0 9867.5 9884.3 9856.2 9905.5 9961.1 9986.0 5

 6 Multifamily residential 857.5 888.1 924.3 993.2 1098.8 964.9 993.2 1014.2 1039.7 1062.1 1098.8 6

 7 Commercial 2267.9 2232.2 2273.1 2369.0 2505.9 2331.4 2369.0 2393.1 2434.0 2470.0 2505.9 7

 8 Farm 167.2 173.2 184.8 196.3 205.1 193.4 196.3 198.5 200.7 202.9 205.1 8

 9 Consumer credit 2755.4 2922.9 3098.8 3317.2 3533.1 3249.0 3317.2 3321.1 3395.0 3478.0 3533.1 9

 By sector

 10 Total liabilities 21204.1 21466.8 22039.6 23013.6 23785.7 22720.9 23013.6 23084.4 23393.6 23514.6 23785.7 10

 11 Domestic nonfinancial sectors 19179.0 19417.4 19773.9 20554.1 21284.5 20307.6 20554.1 20632.7 20893.5 21020.7 21284.5 11

 12 Household sector 13047.0 13118.3 13275.3 13654.0 14001.5 13560.6 13654.0 13637.7 13784.8 13869.7 14001.5 12

 13 Nonfinancial corporate business 2230.1 2226.1 2320.4 2512.0 2578.9 2446.7 2512.0 2549.5 2574.2 2554.8 2578.9 13

 14 Nonfinancial noncorporate business 3886.6 4057.3 4162.0 4371.5 4687.3 4283.8 4371.5 4428.8 4517.8 4579.5 4687.3 14

 15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 State and local governments 15.3 15.7 16.2 16.6 16.9 16.5 16.6 16.7 16.7 16.7 16.9 16

 17 Domestic financial sectors 1798.9 1781.4 1957.3 2119.8 2140.0 2083.4 2119.8 2101.2 2138.0 2133.6 2140.0 17

 18 U.S.-chartered depository institutions 331.9 336.6 410.0 468.2 498.5 446.6 468.2 435.9 478.1 460.2 498.5 18

 19 Credit unions 24.3 25.2 27.1 35.5 44.8 33.2 35.5 35.0 40.0 44.9 44.8 19

 20 Property-casualty insurance companies 0.9 1.3 2.1 2.2 2.6 2.1 2.2 2.2 2.4 2.4 2.6 20

 21 Life insurance companies 44.9 48.2 50.1 51.9 57.9 51.4 51.9 54.1 55.9 57.0 57.9 21

 22 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Finance companies 103.3 120.7 131.0 141.2 156.3 132.4 141.2 144.3 151.7 153.2 156.3 23

 24 REITs 212.6 221.6 227.2 261.7 308.9 244.9 261.7 271.2 280.9 299.8 308.9 24

 25 Brokers and dealers 795.4 828.2 897.1 962.5 913.2 982.4 962.5 964.4 939.0 934.9 913.2 25

 26 Holding companies 254.3 196.8 210.6 194.2 155.6 187.9 194.2 191.8 187.6 178.8 155.6 26

 27 Funding corporations 31.3 3.0 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 27

 28 Rest of the world 226.2 267.9 308.3 339.8 361.1 330.0 339.8 350.5 362.2 360.3 361.1 28

 29 Total assets 21204.1 21466.8 22039.6 23013.6 23785.7 22720.9 23013.6 23084.4 23393.6 23514.6 23785.7 29

 30 Domestic nonfinancial sectors 2016.1 2153.7 2326.5 2501.3 2566.9 2508.7 2501.3 2547.8 2541.0 2573.3 2566.9 30

 31 Household sector 924.9 926.4 977.8 1029.3 969.0 1053.0 1029.3 1029.2 999.1 994.7 969.0 31

 32 Nonfinancial corporate business 74.3 74.0 71.3 71.6 72.4 71.8 71.6 70.9 72.7 73.4 72.4 32

 33 Nonfinancial noncorporate business 36.3 33.9 34.8 36.5 39.3 35.9 36.5 37.1 37.9 38.4 39.3 33

 34 Federal government 778.3 914.4 1038.7 1154.0 1258.8 1139.3 1154.0 1196.3 1213.2 1244.6 1258.8 34

 35 State and local governments 202.4 205.0 203.8 209.9 227.3 208.8 209.9 214.3 218.1 222.3 227.3 35

 36 Domestic financial sectors 18991.8 19169.2 19573.4 20322.2 21015.3 20026.2 20322.2 20344.2 20651.1 20736.1 21015.3 36

 37 Monetary authority 30.5 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 U.S.-chartered depository institutions 6867.4 7089.5 7241.4 7670.0 8189.9 7510.4 7670.0 7722.7 7889.8 7990.8 8189.9 38

 39 Foreign banking offices in U.S. 533.4 520.5 566.2 640.9 719.0 604.8 640.9 668.5 685.4 696.8 719.0 39

 40 Banks in U.S.-affiliated areas 50.5 53.0 51.8 47.4 41.7 48.3 47.4 43.4 42.6 41.9 41.7 40

 41 Credit unions 587.0 615.1 660.1 728.9 803.6 711.6 728.9 739.4 763.5 787.5 803.6 41

 42 Property-casualty insurance companies 4.9 5.6 7.9 9.9 12.0 9.3 9.9 10.4 10.9 11.5 12.0 42

 43 Life insurance companies 481.1 494.8 517.1 546.6 579.1 536.3 546.6 552.5 560.5 570.5 579.1 43

 44 Private pension funds 21.9 23.1 22.4 22.5 21.1 23.3 22.5 21.9 21.2 20.9 21.1 44

 45 State and local govt. retirement funds 11.0 10.0 9.4 9.2 6.5 9.2 9.2 6.8 7.3 6.8 6.5 45

 46 Mutual funds 93.5 105.7 145.1 154.5 138.9 158.9 154.5 160.4 154.4 141.6 138.9 46

 47 Government-sponsored enterprises 5411.1 5329.2 5465.3 5542.3 5666.1 5493.9 5542.3 5509.6 5580.9 5611.4 5666.1 47

 48 Agency- and GSE-backed mortgage pools 1311.9 1442.7 1573.5 1648.5 1775.5 1627.5 1648.5 1646.2 1677.2 1729.5 1775.5 48

 49 ABS issuers 1921.5 1707.3 1400.4 1308.1 1225.8 1324.5 1308.1 1307.2 1294.7 1258.5 1225.8 49

 50 Finance companies 1274.6 1246.2 1237.5 1243.6 1224.2 1226.5 1243.6 1234.7 1232.2 1239.0 1224.2 50

 51 REITs 56.1 64.5 199.3 244.6 237.0 225.4 244.6 239.5 247.6 237.3 237.0 51

 52 Brokers and dealers 293.2 343.3 389.6 428.2 338.1 442.0 428.2 407.0 415.6 341.3 338.1 52

 53 Holding companies 22.9 105.3 75.7 64.8 24.0 63.8 64.8 62.3 55.1 37.7 24.0 53

 54 Funding corporations 19.4 12.9 10.6 12.1 12.9 10.3 12.1 11.6 12.2 13.1 12.9 54

 55 Rest of the world 196.1 143.9 139.7 190.2 203.5 185.9 190.2 192.4 201.6 205.2 203.5 55

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
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L.215 Depository Institution Loans Not Elsewhere Classified (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2217.0 2393.8 2590.3 2910.2 3207.3 2785.7 2910.2 2988.1 3073.6 3099.6 3207.3 1

 2 Household sector 11.5 62.6 92.7 212.9 317.9 186.7 212.9 233.7 247.3 268.7 317.9 2

 3 Corporate business 629.2 712.1 775.8 868.5 947.8 833.9 868.5 888.5 910.0 917.0 947.8 3

 4 Noncorporate business 900.9 968.0 1000.4 1064.6 1164.5 1032.7 1064.6 1086.7 1115.4 1125.0 1164.5 4

 5 Domestic financial sectors 470.1 413.4 444.8 459.0 449.2 435.5 459.0 463.6 474.3 463.8 449.2 5

 6 Finance companies 102.1 118.5 128.6 139.1 152.7 130.2 139.1 142.2 149.6 150.4 152.7 6

 7 REITs 23.0 27.0 24.0 32.1 48.4 27.4 32.1 35.8 41.7 44.3 48.4 7

 8 Brokers and dealers 69.2 71.1 81.6 93.5 92.5 90.0 93.5 93.9 95.4 90.2 92.5 8

 9 Holding companies 254.3 196.8 210.6 194.2 155.6 187.9 194.2 191.8 187.6 178.8 155.6 9

 10 Funding corporations 21.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 Rest of the world 205.2 237.7 276.7 305.3 328.0 296.9 305.3 315.5 326.6 325.1 328.0 11

 12 Foreign official institutions 5.4 6.2 7.1 8.2 9.5 7.4 8.2 9.2 8.5 8.8 9.5 12

 13 Foreign banks 69.8 70.4 90.5 89.8 91.0 89.3 89.8 91.3 91.2 92.1 91.0 13

 14 Other foreign 130.0 161.0 179.1 207.3 227.5 200.3 207.3 215.0 226.8 224.1 227.5 14

 15 Total assets 2217.0 2393.8 2590.3 2910.2 3207.3 2785.7 2910.2 2988.1 3073.6 3099.6 3207.3 15

 16 Monetary authority (2) 30.5 0.6 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 U.S.-chartered depository institutions 1625.3 1842.0 1986.4 2236.2 2465.3 2147.1 2236.2 2286.8 2360.0 2377.9 2465.3 17

 18 Foreign banking offices in U.S. 500.6 489.6 535.9 603.3 667.6 569.4 603.3 631.1 644.4 650.1 667.6 18

 19 Banks in U.S.-affiliated areas 17.1 18.1 19.4 17.1 15.1 17.4 17.1 15.6 15.5 15.1 15.1 19

 20 Credit unions 43.5 43.6 48.7 53.7 59.3 51.9 53.7 54.6 53.7 56.4 59.3 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, and consumer credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to the household, rest of the world, broker and dealer, and funding corporation sectors. See loan details on table L.109.
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L.216 Other Loans and Advances

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total other loans and advances 2732.1 2880.0 3088.5 3343.4 3249.4 3328.9 3343.4 3313.2 3345.1 3240.9 3249.4 1

 2 U.S. government loans 183.3 185.7 193.0 195.5 196.4 195.8 195.5 196.1 199.0 195.7 196.4 2

 3 Liab.: Household sector 11.2 11.0 12.1 13.3 15.6 12.8 13.3 13.6 14.2 14.8 15.6 3

 4 Nonfinancial corporate business 70.1 75.3 76.2 74.7 75.3 75.0 74.7 74.4 76.1 74.8 75.3 4

 5 Nonfinancial noncorporate business 55.9 56.5 58.5 57.3 54.1 58.5 57.3 57.1 56.4 54.3 54.1 5

 6 State and local governments 15.3 15.7 16.2 16.6 16.9 16.5 16.6 16.7 16.7 16.7 16.9 6

 7 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Funding corporations 9.8 3.0 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 9

 10 Rest of the world 21.0 24.2 27.6 31.2 32.2 30.6 31.2 32.0 33.2 32.8 32.2 10

 11 Foreign loans to U.S. corporate business 196.1 143.9 139.7 190.2 203.5 185.9 190.2 192.4 201.6 205.2 203.5 11

 12 Liab.: Nonfinancial corporate business 196.1 143.9 139.7 190.2 203.5 185.9 190.2 192.4 201.6 205.2 203.5 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 22.9 105.3 75.7 64.8 24.0 63.8 64.8 62.3 55.1 37.7 24.0 17

 18 Liab.: Nonfinancial corporate business 22.9 99.3 71.7 61.6 23.1 61.3 61.6 59.3 52.6 35.3 23.1 18

 19 Rest of the world 0.0 6.1 4.0 3.2 0.9 2.5 3.2 3.0 2.5 2.4 0.9 19

 20 Policy loans (Household liability) 126.9 128.3 129.2 130.8 134.4 130.2 130.8 131.1 131.5 132.3 134.4 20

 21 Asset: Federal government 0.5 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 21

 22 Life insurance companies 126.5 127.8 128.8 130.5 134.1 129.9 130.5 130.8 131.2 132.0 134.1 22

 23 Federal Home Loan Banks advances (1) 403.3 413.6 492.6 565.7 631.2 539.8 565.7 536.6 588.2 586.2 631.2 23

 24 Liab.: U.S.-chartered depository institutions 331.9 336.6 410.0 468.2 498.5 446.6 468.2 435.9 478.1 460.2 498.5 24

 25 Credit unions 24.3 25.2 27.1 35.5 44.8 33.2 35.5 35.0 40.0 44.9 44.8 25

 26 Property-casualty insurance companies 0.9 1.3 2.1 2.2 2.6 2.1 2.2 2.2 2.4 2.4 2.6 26

 27 Life insurance companies 44.9 48.2 50.1 51.9 57.9 51.4 51.9 54.1 55.9 57.0 57.9 27

 28 Finance companies 1.3 2.1 2.3 2.1 3.7 2.2 2.1 2.1 2.1 2.9 3.7 28

 29 Real estate investment trusts 0.0 0.3 1.0 5.9 23.8 4.2 5.9 7.2 9.7 18.9 23.8 29

 30 Government-sponsored enterprise (GSE) loans (2) 83.8 92.1 95.0 106.1 116.0 99.3 106.1 105.0 106.6 110.3 116.0 30

 31 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Nonfinancial corporate business (FCS) 5.9 6.7 6.9 8.5 9.3 7.8 8.5 9.1 8.7 9.0 9.3 32

 33 Nonfinancial noncorporate business (FCS) 77.8 85.3 88.0 97.6 106.8 91.5 97.6 95.9 97.8 101.3 106.8 33

 34 U.S.-chartered depository inst. (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 Securitized loans held by ABS issuers 0.1 1.8 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 36 Liab.: Nonfinancial corporate business 0.1 1.8 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 Finance company loans to business 375.8 387.0 401.3 411.4 423.5 401.7 411.4 412.3 416.1 421.9 423.5 37

 38 Liab.: Nonfinancial corporate business 338.2 348.3 361.2 370.3 381.2 361.5 370.3 371.1 374.5 379.7 381.2 38

 39 Nonfinancial noncorporate business 37.6 38.7 40.1 41.1 42.4 40.2 41.1 41.2 41.6 42.2 42.4 39

 40 Margin accounts at brokers and dealers 238.9 303.7 339.2 369.5 289.4 390.3 369.5 354.3 364.4 289.4 289.4 40

 41 Liab.: Household sector 238.9 303.7 339.2 369.5 289.4 390.3 369.5 354.3 364.4 289.4 289.4 41

 42 Cash accounts at brokers and dealers 726.1 757.0 815.5 869.0 820.6 892.5 869.0 870.5 843.6 844.6 820.6 42

 43 Asset: Household sector 726.1 757.0 815.5 869.0 820.6 892.5 869.0 870.5 843.6 844.6 820.6 43

 44 Loans to nonfinancial corporate business (3) 375.1 361.6 405.4 440.2 410.4 429.7 440.2 452.5 439.1 417.5 410.4 44

 45 Asset: Household sector 23.4 20.9 25.9 24.3 22.0 23.0 24.3 25.1 24.2 21.6 22.0 45

 46 Life insurance companies 22.2 22.6 25.1 31.4 29.6 30.0 31.4 32.1 30.1 29.9 29.6 46

 47 Mutual funds 93.5 105.7 145.1 154.5 138.9 158.9 154.5 160.4 154.4 141.6 138.9 47

 48 ABS issuers 162.3 160.0 148.3 159.3 158.3 155.6 159.3 170.6 167.0 159.2 158.3 48

 49 Brokers and dealers 54.3 39.6 50.4 58.6 48.7 51.8 58.6 52.6 51.2 51.8 48.7 49

 50 Funding corporations 19.4 12.9 10.6 12.1 12.9 10.3 12.1 11.6 12.2 13.1 12.9 50

(1) The Federal Home Loan Banks are included in the governmnet-sponsored enterprises sector. Finance companies and real estate investment trusts receive advances through

 affiliated captive insurance companies.

(2) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Federal Home Loan Bank advances are shown separately on line 23.

(3) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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L.217 Total Mortgages (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total mortgages 13499.5 13270.0 13262.0 13442.8 13795.8 13357.2 13442.8 13462.0 13579.9 13696.1 13795.8 1

 2 Home 10206.9 9976.5 9879.8 9884.3 9986.0 9867.5 9884.3 9856.2 9905.5 9961.1 9986.0 2

 3 Multifamily residential 857.5 888.1 924.3 993.2 1098.8 964.9 993.2 1014.2 1039.7 1062.1 1098.8 3

 4 Commercial 2267.9 2232.2 2273.1 2369.0 2505.9 2331.4 2369.0 2393.1 2434.0 2470.0 2505.9 4

 5 Farm 167.2 173.2 184.8 196.3 205.1 193.4 196.3 198.5 200.7 202.9 205.1 5

 6 Total liabilities 13499.5 13270.0 13262.0 13442.8 13795.8 13357.2 13442.8 13462.0 13579.9 13696.1 13795.8 6

 7 Household sector 9903.1 9689.7 9603.3 9610.2 9711.1 9591.5 9610.2 9583.9 9632.3 9686.5 9711.1 7

 8 Nonfinancial business 3406.9 3385.9 3456.5 3608.9 3848.0 3552.3 3608.9 3650.0 3718.1 3773.0 3848.0 8

 9 Corporate 592.6 477.1 481.5 498.0 528.4 491.5 498.0 502.2 511.5 516.3 528.4 9

 10 Noncorporate 2814.3 2908.8 2975.0 3110.9 3319.6 3060.9 3110.9 3147.8 3206.6 3256.7 3319.6 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 189.5 194.4 202.2 223.8 236.7 213.3 223.8 228.1 229.5 236.6 236.7 12

 13 Total assets 13499.5 13270.0 13262.0 13442.8 13795.8 13357.2 13442.8 13462.0 13579.9 13696.1 13795.8 13

 14 Household sector 100.9 82.8 77.1 82.5 79.2 82.4 82.5 81.6 81.1 79.8 79.2 14

 15 Nonfinancial corporate business 27.4 25.5 27.1 28.7 30.2 28.3 28.7 29.0 29.4 29.8 30.2 15

 16 Nonfinancial noncorporate business 36.3 33.9 34.8 36.5 39.3 35.9 36.5 37.1 37.9 38.4 39.3 16

 17 Federal government 109.9 111.5 115.5 117.2 116.5 117.3 117.2 118.1 117.9 116.9 116.5 17

 18 State and local governments 202.4 205.0 203.8 209.9 227.3 208.8 209.9 214.3 218.1 222.3 227.3 18

 19 U.S.-chartered depository institutions 4049.6 4028.8 3983.5 4090.7 4296.3 4057.9 4090.7 4123.8 4180.2 4229.2 4296.3 19

 20 Foreign banking offices in U.S. 32.8 30.9 30.3 37.6 51.3 35.5 37.6 37.4 41.0 46.6 51.3 20

 21 Banks in U.S.-affiliated areas 33.4 34.9 32.4 30.4 26.6 30.9 30.4 27.8 27.1 26.8 26.6 21

 22 Credit unions 320.5 327.8 345.9 372.5 402.6 366.5 372.5 377.1 387.1 397.7 402.6 22

 23 Property-casualty insurance companies 4.9 5.6 7.9 9.9 12.0 9.3 9.9 10.4 10.9 11.5 12.0 23

 24 Life insurance companies 332.5 344.4 363.2 384.8 415.4 376.4 384.8 389.7 399.3 408.5 415.4 24

 25 Private pension funds 21.9 23.1 22.4 22.5 21.1 23.3 22.5 21.9 21.2 20.9 21.1 25

 26 State and local govt. retirement funds 11.0 10.0 9.4 9.2 6.5 9.2 9.2 6.8 7.3 6.8 6.5 26

 27 Government-sponsored enterprises (1) 4924.0 4823.5 4877.8 4870.5 4918.9 4854.8 4870.5 4868.0 4886.2 4914.8 4918.9 27

 28 Agency- and GSE-backed mortgage pools 1311.9 1442.7 1573.5 1648.5 1775.5 1627.5 1648.5 1646.2 1677.2 1729.5 1775.5 28

 29 ABS issuers 1713.0 1495.5 1201.0 1099.0 1020.6 1119.8 1099.0 1088.4 1076.4 1051.3 1020.6 29

 30 Finance companies 211.2 179.5 157.0 148.1 119.5 148.2 148.1 144.9 134.0 127.9 119.5 30

 31 REITs 56.1 64.5 199.3 244.6 237.0 225.4 244.6 239.5 247.6 237.3 237.0 31

(1) Sum of home mortgages, multifamily residential mortgages, commercial mortgages, and farm mortgages.
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L.218 Home Mortgages (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 10206.9 9976.5 9879.8 9884.3 9986.0 9867.5 9884.3 9856.2 9905.5 9961.1 9986.0 1

 2 Household sector 9702.0 9490.8 9401.2 9400.6 9490.6 9384.9 9400.6 9372.1 9417.3 9468.7 9490.6 2

 3 Nonfinancial corporate business 10.2 9.7 10.0 11.5 13.4 11.3 11.5 12.0 12.5 12.9 13.4 3

 4 Nonfinancial noncorporate business 494.8 476.0 468.6 472.3 482.0 471.3 472.3 472.1 475.7 479.4 482.0 4

 5 Total assets 10206.9 9976.5 9879.8 9884.3 9986.0 9867.5 9884.3 9856.2 9905.5 9961.1 9986.0 5

 6 Household sector 67.2 59.2 51.2 43.2 35.2 45.2 43.2 41.2 39.2 37.2 35.2 6

 7 Nonfinancial corporate business 16.4 15.3 16.2 17.2 18.1 16.9 17.2 17.4 17.6 17.9 18.1 7

 8 Nonfinancial noncorporate business 13.3 12.4 12.8 13.4 14.4 13.1 13.4 13.6 13.9 14.1 14.4 8

 9 Federal government 24.0 25.2 25.6 26.8 28.4 25.9 26.8 27.7 28.1 28.6 28.4 9

 10 State and local governments 104.2 105.6 105.0 108.1 117.1 107.5 108.1 110.4 112.3 114.5 117.1 10

 11 U.S.-chartered depository institutions 2538.0 2503.6 2385.7 2401.8 2449.3 2402.4 2401.8 2407.8 2432.8 2434.0 2449.3 11

 12 Foreign banking offices in U.S. 1.3 1.8 1.4 2.9 1.5 2.5 2.9 2.8 2.8 2.6 1.5 12

 13 Banks in U.S.-affiliated areas 17.8 20.0 18.9 17.4 15.8 17.6 17.4 16.5 16.3 16.1 15.8 13

 14 Credit unions 320.5 327.8 345.9 372.5 402.6 366.5 372.5 377.1 387.1 397.7 402.6 14

 15 Life insurance companies 9.0 11.0 11.3 13.7 15.4 12.6 13.7 13.4 14.0 14.6 15.4 15

 16 Private pension funds 1.6 1.6 1.4 1.4 1.2 1.5 1.4 1.3 1.3 1.3 1.2 16

 17 State and local govt. retirement funds 4.0 3.6 3.4 3.3 2.1 3.3 3.3 2.4 2.6 2.4 2.1 17

 18 Government-sponsored enterprises 4587.7 4475.6 4546.4 4537.9 4567.7 4527.2 4537.9 4528.3 4540.2 4568.4 4567.7 18

 19 Agency- and GSE-backed mortgage pools 1222.9 1326.6 1423.9 1474.8 1568.8 1461.9 1474.8 1468.9 1491.1 1536.5 1568.8 19

 20 ABS issuers 1109.5 928.3 793.0 704.5 605.9 722.5 704.5 686.0 660.6 634.2 605.9 20

 21 Finance companies 149.7 132.6 114.7 104.6 89.8 106.7 104.6 101.1 96.6 92.9 89.8 21

 22 REITs 19.8 26.5 23.1 41.1 52.6 34.1 41.1 40.3 49.0 48.3 52.6 22

 Memo:

 23 Home equity loans included above (2) 853.5 769.6 703.3 673.0 635.5 679.6 673.0 660.7 652.7 643.2 635.5 23

 24 U.S.-chartered depository institutions 723.1 652.7 596.2 568.2 532.9 574.3 568.2 557.5 550.0 541.1 532.9 24

 25 Foreign banking offices in U.S. 0.3 0.2 0.4 0.4 0.4 0.3 0.4 0.4 0.4 0.4 0.4 25

 26 Credit unions 82.2 75.7 72.0 73.6 76.3 73.3 73.6 73.2 74.1 74.8 76.3 26

 27 ABS issuers 18.0 14.5 11.8 9.9 7.9 10.3 9.9 9.4 8.9 8.3 7.9 27

 28 Finance companies 29.9 26.5 22.9 20.9 18.0 21.3 20.9 20.2 19.3 18.6 18.0 28

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 857.5 888.1 924.3 993.2 1098.8 964.9 993.2 1014.2 1039.7 1062.1 1098.8 1

 2 Nonfinancial corporate business 41.5 43.1 44.7 48.1 53.4 46.7 48.1 49.1 50.5 51.6 53.4 2

 3 Nonfinancial noncorporate business 788.1 818.3 849.5 914.0 1015.3 888.2 914.0 933.2 959.7 980.5 1015.3 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 27.9 26.7 30.0 31.0 30.0 30.0 31.0 31.8 29.4 30.0 30.0 5

 6 Total assets 857.5 888.1 924.3 993.2 1098.8 964.9 993.2 1014.2 1039.7 1062.1 1098.8 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.4 0.4 0.4 0.4 0.5 0.4 0.4 0.4 0.5 0.5 0.5 8

 9 Nonfinancial noncorporate business 12.3 11.5 11.8 12.4 13.3 12.1 12.4 12.6 12.8 13.0 13.3 9

 10 Federal government 14.1 13.7 13.8 13.2 12.8 13.4 13.2 13.1 13.0 12.8 12.8 10

 11 State and local governments 81.0 82.0 81.5 84.0 90.9 83.5 84.0 85.7 87.2 88.9 90.9 11

 12 U.S.-chartered depository institutions 248.3 258.5 287.9 325.9 376.9 316.4 325.9 334.9 345.8 360.9 376.9 12

 13 Foreign banking offices in U.S. 2.9 1.4 1.1 1.3 2.4 1.0 1.3 1.4 1.6 2.2 2.4 13

 14 Life insurance companies 49.4 51.1 53.6 56.4 59.8 55.1 56.4 57.1 58.3 59.6 59.8 14

 15 Private pension funds 2.9 2.5 2.2 2.1 1.9 2.3 2.1 2.1 2.0 1.9 1.9 15

 16 State and local govt. retirement funds 3.3 3.0 2.8 2.8 1.9 2.8 2.8 2.0 2.2 2.0 1.9 16

 17 Government-sponsored enterprises 259.2 265.5 243.5 240.8 256.9 236.4 240.8 247.1 252.8 252.8 256.9 17

 18 Agency- and GSE-backed mortgage pools 87.3 114.2 147.8 172.1 204.3 163.9 172.1 175.7 184.6 190.6 204.3 18

 19 ABS issuers 91.0 79.6 73.5 71.4 64.6 72.3 71.4 71.4 68.6 65.9 64.6 19

 20 Finance companies 3.6 2.8 2.0 2.0 1.2 2.0 2.0 2.1 1.3 1.3 1.2 20

 21 REITs 1.7 1.9 2.4 8.4 11.2 3.3 8.4 8.6 9.0 9.7 11.2 21
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L.220 Commercial Mortgages

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2267.9 2232.2 2273.1 2369.0 2505.9 2331.4 2369.0 2393.1 2434.0 2470.0 2505.9 1

 2 Household sector 201.1 198.9 202.1 209.6 220.6 206.7 209.6 211.8 215.0 217.8 220.6 2

 3 Nonfinancial corporate business 500.9 381.4 379.7 387.4 407.7 383.3 387.4 389.4 396.0 398.7 407.7 3

 4 Nonfinancial noncorporate business 1404.2 1484.3 1519.1 1579.2 1671.0 1558.1 1579.2 1595.7 1623.0 1647.0 1671.0 4

 5 REITs 161.7 167.7 172.1 192.8 206.7 183.4 192.8 196.3 200.1 206.6 206.7 5

 6 Total assets 2267.9 2232.2 2273.1 2369.0 2505.9 2331.4 2369.0 2393.1 2434.0 2470.0 2505.9 6

 7 Household sector 17.5 17.2 17.6 19.0 21.2 18.6 19.0 19.5 20.0 20.6 21.2 7

 8 Nonfinancial corporate business 10.6 9.8 10.4 11.0 11.6 10.9 11.0 11.2 11.3 11.5 11.6 8

 9 Nonfinancial noncorporate business 10.0 9.3 9.6 10.0 10.8 9.9 10.0 10.2 10.4 10.5 10.8 9

 10 Federal government 67.2 68.0 71.9 72.1 69.3 73.0 72.1 71.9 71.3 69.8 69.3 10

 11 State and local governments 16.2 16.4 16.3 16.8 18.2 16.7 16.8 17.1 17.4 17.8 18.2 11

 12 U.S.-chartered depository institutions 1210.3 1202.2 1241.0 1301.1 1406.3 1277.5 1301.1 1318.7 1338.7 1371.0 1406.3 12

 13 Foreign banking offices in U.S. 28.5 27.6 27.8 33.2 47.2 31.8 33.2 33.1 36.4 41.7 47.2 13

 14 Banks in U.S.-affiliated areas 15.6 14.9 13.5 13.0 10.8 13.3 13.0 11.3 10.8 10.8 10.8 14

 15 Property-casualty insurance companies 4.9 5.6 7.9 9.9 12.0 9.3 9.9 10.4 10.9 11.5 12.0 15

 16 Life insurance companies 261.1 270.9 286.3 301.2 326.4 295.4 301.2 305.7 313.3 320.6 326.4 16

 17 Private pension funds 17.4 19.0 18.8 19.0 18.0 19.5 19.0 18.5 17.9 17.7 18.0 17

 18 State and local govt. retirement funds 3.7 3.4 3.2 3.1 2.4 3.1 3.1 2.3 2.5 2.3 2.4 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 512.5 487.7 334.6 323.1 350.1 325.0 323.1 331.0 347.3 351.2 350.1 20

 21 Finance companies 57.9 44.1 40.3 41.4 28.5 39.5 41.4 41.7 36.2 33.8 28.5 21

 22 REITs 34.6 36.1 173.9 195.1 173.2 187.9 195.1 190.6 189.7 179.3 173.2 22

L.221 Farm Mortgages (1)

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

 1 Total liabilities 167.2 173.2 184.8 196.3 205.1 193.4 196.3 198.5 200.7 202.9 205.1 1

 2 Nonfinancial corporate business 40.0 43.0 47.1 50.9 53.8 50.2 50.9 51.7 52.5 53.1 53.8 2

 3 Nonfinancial noncorporate business 127.2 130.2 137.7 145.4 151.3 143.2 145.4 146.8 148.2 149.7 151.3 3

 4 Total assets 167.2 173.2 184.8 196.3 205.1 193.4 196.3 198.5 200.7 202.9 205.1 4

 5 Household sector 16.3 6.5 8.3 20.3 22.8 18.6 20.3 21.0 21.9 22.1 22.8 5

 6 Nonfinancial noncorporate business 0.7 0.7 0.7 0.7 0.8 0.7 0.7 0.7 0.8 0.8 0.8 6

 7 Federal government 4.5 4.6 4.2 5.2 5.9 5.1 5.2 5.4 5.5 5.7 5.9 7

 8 State and local governments 1.0 1.0 1.0 1.0 1.1 1.0 1.0 1.1 1.1 1.1 1.1 8

 9 U.S.-chartered depository institutions 52.9 64.5 68.9 62.0 63.8 61.6 62.0 62.4 62.8 63.3 63.8 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 10

 11 Life insurance companies 13.0 11.5 12.0 13.4 13.8 13.4 13.4 13.5 13.6 13.7 13.8 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 77.1 82.5 87.9 91.8 94.3 91.2 91.8 92.6 93.2 93.7 94.3 13

 14 Agency- and GSE-backed mortgage pools 1.7 1.9 1.8 1.6 2.3 1.7 1.6 1.6 1.6 2.4 2.3 14

(1) Excludes mortgages on farm houses.
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L.222 Consumer Credit

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities (Households) 2755.4 2922.9 3098.8 3317.2 3533.1 3249.0 3317.2 3321.1 3395.0 3478.0 3533.1 1

 2 Total assets 2755.4 2922.9 3098.8 3317.2 3533.1 3249.0 3317.2 3321.1 3395.0 3478.0 3533.1 2

 3 Households (nonprofit organizations) (1) 74.5 65.6 59.3 53.6 47.2 55.2 53.6 51.9 50.1 48.6 47.2 3

 4 Nonfinancial corporate business 46.9 48.4 44.2 43.0 42.2 43.5 43.0 41.9 43.3 43.6 42.2 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 484.7 616.8 729.8 840.9 945.6 825.9 840.9 881.8 896.0 931.6 945.6 6

 7 U.S.-chartered depository institutions 1192.6 1218.6 1271.6 1343.1 1428.3 1305.4 1343.1 1312.1 1349.6 1383.6 1428.3 7

 8 Credit unions 223.0 243.6 265.6 302.8 341.7 293.3 302.8 307.7 322.7 333.4 341.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers 46.2 50.0 49.1 49.8 46.8 49.1 49.8 48.2 51.2 48.0 46.8 10

 11 Finance companies 687.6 679.8 679.1 684.1 681.1 676.6 684.1 677.5 682.1 689.3 681.1 11

 Memo:

 12 Credit card loans (3) 841.2 845.9 858.2 890.0 936.4 849.7 890.0 848.1 874.1 889.7 936.4 12

 13 Auto loans 751.2 809.2 878.8 957.8 1038.2 943.4 957.8 972.2 998.3 1030.1 1038.2 13

 14 Student loans (4) 947.9 1055.2 1146.5 1236.0 1320.4 1226.3 1236.0 1271.8 1278.3 1310.9 1320.4 14

 15 Other consumer credit (5) 215.0 212.6 215.3 233.4 238.0 229.6 233.4 229.1 244.3 247.4 238.0 15

(1) Student loans originated under the Federal Family Education Loan Program.

(2) Includes loans originated by the Department of Education under the Federal Direct Loan Program and Perkins Loans, as well as Federal Family Education Loan Program

 loans that the government purchased from depository institutions, finance companies, and nonprofit and educational institutions, and loans in default.

(3) Revolving credit that also includes overdraft plans on checking accounts and other loans without a fixed repayment schedule.

(4) Includes student loans held by nonprofit organizations (line 3), the federal government (line 6), depository institutions (part of lines 7 and 8), and

 finance companies (part of line 11). Data begin in 2006:Q1.

(5) Includes student loans before 2006:Q1.
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L.223 Corporate Equities (1)

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Issues at market value 22446.2 25853.8 33546.6 36771.0 35687.2 35520.0 36771.0 37685.8 37547.1 34300.7 35687.2 1

 2 Domestic sectors 17944.7 20532.0 27073.7 30051.3 28955.2 28716.2 30051.3 30567.9 30261.2 27766.3 28955.2 2

 3 Nonfinancial corporate business 13892.0 15584.6 20612.3 22730.4 21680.7 21873.4 22730.4 23110.0 22748.3 20778.1 21680.7 3

 4 Publicly traded (2) 11547.5 12898.9 16890.9 18686.7 17747.2 17997.4 18686.7 18740.3 18490.8 16923.6 17747.2 4

 5 Closely held 2344.6 2685.7 3721.4 4043.7 3933.6 3876.0 4043.7 4369.7 4257.5 3854.6 3933.6 5

 6 Financial corporations 4052.7 4947.4 6461.4 7320.9 7274.5 6842.8 7320.9 7457.9 7512.9 6988.2 7274.5 6

 7 Publicly traded (3) 3781.3 4627.3 6052.2 6861.0 6827.1 6412.8 6861.0 6960.9 7028.7 6549.7 6827.1 7

 8 Closely held 271.4 320.1 409.1 459.9 447.4 430.0 459.9 497.0 484.2 438.4 447.4 8

 9 Rest of the world (4) 4501.4 5321.9 6472.9 6719.7 6732.0 6803.7 6719.7 7118.0 7285.9 6534.4 6732.0 9

 10 Holdings at market value 22446.2 25853.8 33546.6 36771.0 35687.2 35520.0 36771.0 37685.8 37547.1 34300.7 35687.2 10

 11 Household sector 8069.9 9401.4 12545.3 13883.1 13310.9 13359.0 13883.1 14403.0 14274.3 13051.8 13310.9 11

 12 Federal government 57.8 39.9 35.1 33.4 33.4 33.6 33.4 33.3 33.5 33.4 33.4 12

 13 State and local governments 124.8 138.1 162.2 173.8 180.4 169.1 173.8 176.9 178.2 172.7 180.4 13

 14 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 U.S.-chartered depository institutions 67.4 71.3 101.3 108.5 100.8 105.4 108.5 109.0 108.1 93.5 100.8 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 Property-casualty insurance companies 220.8 252.2 310.4 325.4 313.6 319.1 325.4 320.3 316.5 302.0 313.6 17

 18 Life insurance companies 1355.5 1502.7 1743.4 1798.4 1773.0 1770.3 1798.4 1828.9 1819.5 1690.5 1773.0 18

 19 Private pension funds 1751.1 1973.1 2349.5 2487.5 2362.8 2405.5 2487.5 2516.2 2494.6 2275.3 2362.8 19

 20 Federal government retirement funds 134.4 148.1 206.2 218.7 219.8 224.0 218.7 226.3 225.9 207.0 219.8 20

 21 State and local govt. retirement funds 1777.4 1944.0 2332.1 2438.4 2335.6 2340.9 2438.4 2473.0 2450.6 2245.2 2335.6 21

 22 Mutual funds 4427.2 5109.4 6842.9 7377.6 7327.0 7219.0 7377.6 7604.9 7683.5 6951.6 7327.0 22

 23 Closed-end funds 95.9 100.6 114.2 119.3 99.6 123.5 119.3 118.6 115.9 101.3 99.6 23

 24 Exchange-traded funds 863.8 1093.3 1427.3 1675.0 1756.4 1552.0 1675.0 1741.5 1764.8 1618.9 1756.4 24

 25 Brokers and dealers 103.2 126.7 172.4 187.8 166.8 176.9 187.8 162.9 164.2 143.3 166.8 25

 26 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 Rest of the world (5) 3397.2 3953.0 5204.4 5944.1 5706.9 5721.9 5944.1 5971.0 5917.5 5414.2 5706.9 27

 Memo:

 28 Publicly traded equity at market value (6) 15328.8 17526.2 22943.2 25547.7 24574.3 24410.2 25547.7 25701.1 25519.5 23473.3 24574.3 28

 29 Closely held equity at market value (7) 2616.0 3005.8 4130.5 4503.6 4381.0 4306.0 4503.6 4866.7 4741.7 4293.0 4381.0 29

 30 S corporations 1806.6 2066.4 2621.2 3010.4 2838.4 2814.7 3010.4 3130.5 3133.5 2750.5 2838.4 30

 31 C corporations 809.4 939.4 1509.3 1493.2 1542.5 1491.3 1493.2 1736.2 1608.2 1542.5 1542.5 31

 32 Percent change in Dow Jones U.S. Total Market Index (8) -0.9 13.9 30.9 10.4 -1.5 -0.5 4.7 1.3 -0.4 -7.7 5.7 32

(1) Excludes mutual fund shares shown on table L.224.

(2) Excludes intercorporate holdings.

(3) Includes corporate equities issued by financial corporations under the federal financial stabilization programs.

(4) Holdings of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

(5) Holdings of U.S. issues by foreign residents.

(6) Equal to the sum of lines 4 and 7.

(7) Equal to the sum of lines 5 and 8.

(8) Annual figures calculated from year-end to year-end.

L.224 Mutual Fund Shares (1)

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

 1 Shares at market value 7870.9 9326.1 11535.2 12588.5 12843.4 12329.1 12588.5 12981.3 13141.3 12409.9 12843.4 1

 2 Holdings at market value 7870.9 9326.1 11535.2 12588.5 12843.4 12329.1 12588.5 12981.3 13141.3 12409.9 12843.4 2

 3 Household sector 4629.3 5634.7 7105.3 7803.6 8119.0 7633.4 7803.6 8085.7 8210.1 7807.1 8119.0 3

 4 Nonfinancial corporate business 165.9 179.6 211.0 234.9 248.6 227.6 234.9 242.2 246.6 236.6 248.6 4

 5 State and local governments 59.1 66.0 78.4 84.4 87.8 81.9 84.4 86.0 86.6 83.8 87.8 5

 6 U.S.-chartered depository institutions 41.7 45.8 57.9 59.7 54.9 59.8 59.7 59.4 59.9 53.5 54.9 6

 7 Credit unions 1.9 2.3 2.2 2.1 1.9 2.1 2.1 2.0 2.1 2.1 1.9 7

 8 Property-casualty insurance companies 9.1 11.8 14.8 16.8 19.0 16.2 16.8 17.5 18.2 17.7 19.0 8

 9 Life insurance companies 184.8 201.7 235.8 246.4 242.2 242.5 246.4 248.7 249.4 233.8 242.2 9

 10 Private pension funds 2117.6 2383.5 2884.1 3116.3 3087.7 3035.0 3116.3 3171.3 3190.7 2999.2 3087.7 10

 11 State and local govt. retirement funds 291.3 305.2 393.7 416.7 400.2 410.1 416.7 422.6 415.4 385.3 400.2 11

 12 Rest of the world 370.4 495.4 552.0 607.7 582.2 620.4 607.7 645.9 662.4 590.8 582.2 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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L.225 Trade Credit

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total trade payables 3499.4 3631.8 3822.8 3980.5 4068.3 3951.0 3980.5 3992.7 4051.8 4049.0 4068.3 1

 2 Household sector 250.0 254.0 255.0 258.1 259.4 257.4 258.1 258.5 258.9 259.2 259.4 2

 3 Nonfinancial corporate business 1771.6 1837.0 1938.3 2004.5 1969.4 1988.8 2004.5 1990.7 2010.4 1982.5 1969.4 3

 4 Nonfinancial noncorporate business 482.7 493.5 527.5 563.5 616.6 553.0 563.5 579.0 592.3 601.0 616.6 4

 5 Federal government 218.5 231.9 250.6 268.0 288.0 273.0 268.0 269.5 280.4 285.4 288.0 5

 6 State and local governments 707.4 745.5 783.4 822.2 861.1 812.5 822.2 831.7 841.5 851.4 861.1 6

 7 Brokers and dealers 14.3 14.2 14.5 17.9 26.3 19.9 17.9 19.2 23.6 24.2 26.3 7

 8 Rest of the world 55.1 55.7 53.4 46.2 47.5 46.6 46.2 44.0 44.7 45.4 47.5 8

 9 Total trade receivables 3304.3 3378.9 3707.8 3863.5 3919.2 3912.7 3863.5 3919.6 3994.7 3993.8 3919.2 9

 10 Nonfinancial corporate business 2240.8 2292.8 2554.0 2663.8 2646.7 2725.4 2663.8 2702.3 2751.7 2734.6 2646.7 10

 11 Nonfinancial noncorporate business 594.4 598.9 647.8 679.4 729.8 666.7 679.4 689.9 703.8 713.3 729.8 11

 12 Federal government 47.7 50.3 53.6 45.5 45.8 45.6 45.5 45.0 45.7 46.1 45.8 12

 13 State and local governments 157.8 163.1 172.6 179.8 180.5 177.9 179.8 179.9 182.2 180.8 180.5 13

 14 Property-casualty insurance companies 87.2 92.0 95.2 100.8 107.6 103.4 100.8 106.1 109.3 110.7 107.6 14

 15 ABS issuers 47.6 41.2 35.7 31.3 34.1 31.4 31.3 31.5 32.2 31.7 34.1 15

 16 Rest of the world 128.8 140.5 148.8 162.9 174.6 162.4 162.9 164.9 169.8 176.5 174.6 16

 17 Discrepancy 195.1 252.9 115.0 116.9 149.1 38.3 116.9 73.1 57.1 55.2 149.1 17

L.226 Life Insurance Reserves

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

 1 Total liabilities 1352.3 1359.3 1416.8 1477.4 1535.7 1454.8 1477.4 1501.8 1511.6 1511.0 1535.7 1

 2 Federal government 50.0 50.3 50.5 51.3 51.1 50.9 51.3 50.7 51.0 50.8 51.1 2

 3 Life insurance companies 1302.3 1309.0 1366.3 1426.1 1484.6 1403.9 1426.1 1451.1 1460.7 1460.2 1484.6 3

 4 Net change in assets 1352.3 1359.3 1416.8 1477.4 1535.7 1454.8 1477.4 1501.8 1511.6 1511.0 1535.7 4

 5 Households 1199.3 1186.4 1233.0 1282.8 1330.6 1263.3 1282.8 1304.8 1311.5 1308.5 1330.6 5

 6 U.S.-chartered depository institutions 125.5 138.0 143.8 149.6 156.2 147.9 149.6 150.9 153.1 154.5 156.2 6

 7 Holding companies 27.6 34.9 39.9 45.0 49.0 43.6 45.0 46.0 47.0 48.0 49.0 7
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L.227 Pension Entitlements

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 17313.8 18353.1 19812.5 20620.6 20971.9 20355.9 20620.6 20832.6 20935.9 20614.0 20971.9 1

 2 Life insurance companies (1) 2258.6 2446.8 2726.5 2847.4 2874.6 2800.3 2847.4 2874.8 2875.7 2794.9 2874.6 2

 3 Private pension funds (2) 6749.9 7276.2 8097.6 8503.3 8553.5 8354.2 8503.3 8605.5 8638.6 8376.1 8553.5 3

 4 Federal government retirement funds (3) 3261.1 3378.6 3533.0 3651.9 3757.5 3627.1 3651.9 3683.3 3708.9 3715.5 3757.5 4

 5 State and local govt. retirement funds 5044.2 5251.5 5455.5 5618.0 5786.3 5574.2 5618.0 5669.0 5712.7 5727.6 5786.3 5

 6 Total assets (Households) (4) 17313.8 18353.1 19812.5 20620.6 20971.9 20355.9 20620.6 20832.6 20935.9 20614.0 20971.9 6

 Memo:

 7 Individual Retirement Accounts (IRAs) at: (5) 5241.0 5907.0 6966.0 7443.0 7481.3 7343.0 7443.0 7600.0 7629.0 7266.0 ND 7

 8 U.S.-chartered depository institutions 403.6 428.0 427.6 427.8 445.8 423.0 427.8 419.2 428.0 442.3 ND 8

 9 Credit unions 78.4 79.9 79.2 77.6 77.4 78.1 77.6 77.4 77.3 77.4 ND 9

 10 Life insurance companies 470.0 505.0 538.0 566.0 545.8 557.0 566.0 571.0 570.0 553.0 ND 10

 11 Money market mutual funds 211.0 216.0 230.0 219.0 230.2 224.0 219.0 213.0 214.0 223.0 ND 11

 12 Mutual funds 2077.0 2395.0 2922.0 3132.0 3080.3 3082.0 3132.0 3223.0 3233.0 3011.0 ND 12

 13 Other self-directed accounts 2000.9 2283.1 2769.2 3020.6 3101.8 2978.8 3020.6 3096.4 3106.6 2959.3 ND 13

(1) Annuities, including those in IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs), except those at life insurance companies.

(5) Assets of the household sector (L.101). Figures for depositories (lines 8 and 9) include Keogh accounts. Variable annuities in IRAs are included in the life insurance sector (line 10)

 and excluded from the money market mutual fund and mutual fund sectors (lines 11 and 12).

L.228 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 73.4 84.5 96.3 116.4 120.8 124.6 116.4 142.2 128.5 123.9 120.8 1

 2 Nonfinancial corporate business 51.7 54.0 44.9 44.6 51.7 54.2 44.6 57.7 55.8 56.0 51.7 2

 3 Nonfinancial noncorporate business 99.7 107.4 110.5 114.4 123.1 112.8 114.4 118.2 119.9 121.0 123.1 3

 4 U.S.-chartered depository institutions -49.1 -47.6 -47.4 -32.3 -36.7 -35.3 -32.3 -27.5 -34.4 -32.2 -36.7 4

 5 Property-casualty insurance companies -14.5 -10.8 8.4 10.3 4.0 10.2 10.3 10.6 5.9 0.1 4.0 5

 6 Life insurance companies -23.6 -28.3 -30.5 -32.4 -32.7 -30.4 -32.4 -29.9 -31.3 -33.5 -32.7 6

 7 Finance companies 6.7 6.7 6.8 7.8 8.2 7.7 7.8 8.2 8.4 8.4 8.2 7

 8 Brokers and dealers 2.5 3.1 3.7 4.0 3.2 5.4 4.0 4.9 4.2 4.1 3.2 8

 9 Total business taxes receivable 272.8 279.9 289.6 310.2 309.5 304.5 310.2 315.9 316.0 326.9 309.5 9

 10 Federal government 152.8 158.6 165.8 173.0 158.8 171.2 173.0 176.0 178.3 180.7 158.8 10

 11 State and local governments 120.0 121.3 123.8 137.2 150.6 133.3 137.2 139.9 137.7 146.2 150.6 11

 12 Discrepancy -199.4 -195.4 -193.3 -193.8 -188.7 -179.9 -193.8 -173.6 -187.5 -203.0 -188.7 12

L.229 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 7524.2 8313.9 9512.5 10168.8 10739.3 9950.2 10168.8 10375.4 10479.6 10599.6 10739.3 1

 2 Nonfinancial noncorporate business 7512.3 8296.6 9496.6 10151.3 10723.4 9932.8 10151.3 10358.1 10463.4 10582.5 10723.4 2

 3 Brokers and dealers 11.9 17.3 15.9 17.5 16.0 17.4 17.5 17.2 16.2 17.1 16.0 3
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L.230 Direct Investment

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 U.S. direct investment abroad:

 1 Liab.: Rest of the world (1) 4599.5 5017.5 5339.8 5576.0 5709.8 5540.7 5576.0 5611.3 5633.3 5667.5 5709.8 1

 2 Equity 4405.2 4778.5 5100.5 5342.7 5553.2 5301.6 5342.7 5380.1 5438.7 5499.6 5553.2 2

 3 Intercompany debt (2) 194.3 239.0 239.3 233.3 156.6 239.1 233.3 231.3 194.5 167.9 156.6 3

 4 U.S. parents’ claims 619.1 659.4 687.5 691.5 699.2 701.9 691.5 682.9 719.1 692.2 699.2 4

 5 Less: U.S. parents’ liabilities 424.8 420.5 448.3 458.2 542.6 462.9 458.2 451.7 524.6 524.3 542.6 5

 6 Asset: Nonfinancial corporate business 3759.2 4134.4 4447.0 4691.8 4793.6 4620.1 4691.8 4722.1 4729.4 4759.5 4793.6 6

 7 U.S.-chartered depository institutions 272.5 277.0 268.5 252.9 250.9 275.4 252.9 254.1 256.4 255.2 250.9 7

 8 Property-casualty insurance companies 90.2 98.5 105.5 107.1 113.6 110.0 107.1 107.6 110.4 111.3 113.6 8

 9 Life insurance companies 54.2 69.1 72.2 72.8 75.8 73.6 72.8 74.7 76.0 75.3 75.8 9

 10 Finance companies 221.8 226.3 227.7 226.8 238.9 237.6 226.8 226.8 230.2 232.5 238.9 10

 11 Brokers and dealers 201.7 212.3 218.9 224.6 236.9 223.9 224.6 226.0 230.9 233.8 236.9 11

 Foreign direct investment in U.S.:

 12 Liab.: Nonfinancial corporate business 2230.7 2417.2 2612.8 2760.3 2998.1 2733.1 2760.3 2855.8 2935.1 2964.2 2998.1 12

 13 Nonfinancial noncorporate business 6.1 6.3 7.1 7.9 9.1 7.7 7.9 8.5 9.1 9.2 9.1 13

 14 Foreign banking offices in U.S. 176.6 207.7 215.9 219.3 226.5 214.5 219.3 217.6 222.1 222.4 226.5 14

 15 Property-casualty insurance companies 73.9 58.1 44.1 47.9 46.2 44.6 47.9 47.3 47.0 45.7 46.2 15

 16 Life insurance companies 103.6 105.3 88.1 101.4 106.9 93.9 101.4 108.4 109.2 109.0 106.9 16

 17 Finance companies 91.1 88.7 73.4 72.7 73.7 77.9 72.7 72.8 72.7 72.7 73.7 17

 18 Brokers and dealers 104.6 110.4 128.6 133.2 154.0 130.5 133.2 135.0 139.8 145.8 154.0 18

 19 Funding corporations 12.0 12.6 13.2 13.8 14.4 13.7 13.8 14.0 14.1 14.3 14.4 19

 20 Asset: Rest of the world (1) 2798.7 3006.3 3183.2 3356.5 3628.9 3315.8 3356.5 3459.4 3549.2 3583.4 3628.9 20

 21 Equity 2268.3 2498.0 2669.5 2805.8 2976.2 2768.7 2805.8 2887.4 2912.5 2942.3 2976.2 21

 22 Intercompany debt 530.4 508.3 513.7 550.7 652.7 547.1 550.7 572.0 636.6 641.0 652.7 22

 23 U.S. affiliates’ liabilities 806.1 833.4 891.3 931.2 1053.4 921.4 931.2 962.7 1031.3 1034.6 1053.4 23

 24 Less: U.S. affiliates’ claims 275.7 325.2 377.6 380.5 400.7 374.3 380.5 390.7 394.7 393.5 400.7 24

 Memo:

 Direct investment, asset/liability presentation:

 25 Direct investment assets 5300.0 5763.1 6165.7 6414.7 6653.2 6377.9 6414.7 6453.7 6552.5 6585.4 6653.2 25

 26 Equity (line 2) 4405.2 4778.5 5100.5 5342.7 5553.2 5301.6 5342.7 5380.1 5438.7 5499.6 5553.2 26

 27 Intercompany debt 894.8 984.6 1065.2 1072.0 1100.0 1076.2 1072.0 1073.6 1113.8 1085.8 1100.0 27

 28 U.S. parents’ claims (line 4) 619.1 659.4 687.5 691.5 699.2 701.9 691.5 682.9 719.1 692.2 699.2 28

 29 U.S. affiliates’ claims (line 24) 275.7 325.2 377.6 380.5 400.7 374.3 380.5 390.7 394.7 393.5 400.7 29

 30 Direct investment liabilities 3499.2 3751.9 4009.1 4195.2 4572.2 4153.0 4195.2 4301.8 4468.4 4501.2 4572.2 30

 31 Equity (line 21) 2268.3 2498.0 2669.5 2805.8 2976.2 2768.7 2805.8 2887.4 2912.5 2942.3 2976.2 31

 32 Intercompany debt 1230.9 1253.9 1339.6 1389.4 1596.1 1384.3 1389.4 1414.3 1555.9 1558.9 1596.1 32

 33 U.S. parents’ liabilities (line 5) 424.8 420.5 448.3 458.2 542.6 462.9 458.2 451.7 524.6 524.3 542.6 33

 34 U.S. affiliates’ liabilities (line 23) 806.1 833.4 891.3 931.2 1053.4 921.4 931.2 962.7 1031.3 1034.6 1053.4 34

 Alternative valuations of direct investment assets:

 U.S. direct investment abroad:

 35 Market value 4514.3 5222.9 6291.4 6285.3 5811.2 6394.7 6285.3 6408.7 6385.6 5777.3 5811.2 35

 36 Equity 4320.1 4983.9 6052.1 6052.0 5654.6 6155.6 6052.0 6177.4 6191.1 5609.4 5654.6 36

 37 Intercompany debt 194.3 239.0 239.3 233.3 156.6 239.1 233.3 231.3 194.5 167.9 156.6 37

 38 Historical cost 4050.0 4410.0 4693.3 4920.7 5046.1 4887.5 4920.7 4956.0 4977.9 5012.2 5046.1 38

 39 Equity 3855.8 4171.0 4454.1 4687.3 4889.5 4648.5 4687.3 4724.7 4783.4 4844.3 4889.5 39

 40 Intercompany debt 194.3 239.0 239.3 233.3 156.6 239.1 233.3 231.3 194.5 167.9 156.6 40

 Foreign direct investment in U.S.:

 41 Market value 3498.7 3915.5 4954.7 5390.1 5292.3 5186.3 5390.1 5549.6 5614.0 5278.6 5292.3 41

 42 Equity 2968.4 3407.3 4441.0 4839.4 4639.6 4639.2 4839.4 4977.6 4977.4 4637.5 4639.6 42

 43 Intercompany debt 530.4 508.3 513.7 550.7 652.7 547.1 550.7 572.0 636.6 641.0 652.7 43

 44 Historical cost 2433.8 2604.0 2754.7 2901.1 3141.7 2867.1 2901.1 3004.0 3093.7 3127.9 3141.7 44

 45 Equity 1903.5 2095.8 2241.0 2350.4 2489.0 2320.0 2350.4 2432.0 2457.1 2486.9 2489.0 45

 46 Intercompany debt 530.4 508.3 513.7 550.7 652.7 547.1 550.7 572.0 636.6 641.0 652.7 46

(1) Direct investment is valued on a current-cost basis and presented on a directional basis.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
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L.231 Total Miscellaneous Financial Claims

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 15425.3 16152.8 15687.6 15921.8 16123.4 15921.6 15921.8 16085.9 16223.0 16754.3 16123.4 1

 2 Household sector 24.3 24.9 27.9 29.1 31.2 29.6 29.1 30.2 31.0 30.6 31.2 2

 3 Nonfinancial corporate business 3446.3 3660.6 3676.8 3562.3 3585.8 3530.3 3562.3 3522.4 3448.7 3522.4 3585.8 3

 4 Nonfinancial noncorporate business 1168.0 1219.7 1261.5 1299.8 1306.7 1291.6 1299.8 1315.4 1314.5 1312.7 1306.7 4

 5 Federal government 1970.3 2031.1 2031.3 2061.1 2081.0 2089.8 2061.1 2188.8 2339.5 2457.8 2081.0 5

 6 State and local governments 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 6

 7 Monetary authority 29.7 33.7 43.5 47.0 47.6 50.3 47.0 50.4 50.1 48.7 47.6 7

 8 U.S.-chartered depository institutions 2236.1 2446.4 2516.2 2851.0 2890.9 2738.3 2851.0 2863.0 2889.1 2931.9 2890.9 8

 9 Foreign banking offices in U.S. 303.4 267.8 234.6 222.8 213.7 248.4 222.8 225.7 214.2 220.8 213.7 9

 10 Banks in U.S.-affiliated areas 19.4 17.3 14.3 12.7 10.4 12.6 12.7 11.8 12.6 10.9 10.4 10

 11 Credit unions 12.2 12.6 14.1 15.3 9.5 16.8 15.3 15.8 16.6 15.7 9.5 11

 12 Property-casualty insurance companies 796.4 813.4 813.1 827.8 842.9 829.3 827.8 825.0 833.4 843.7 842.9 12

 13 Life insurance companies 1304.3 1353.4 1381.5 1411.9 1444.4 1404.7 1411.9 1433.3 1411.1 1420.9 1444.4 13

 14 Government-sponsored enterprises 130.2 124.1 114.7 111.0 103.1 112.8 111.0 110.0 104.9 106.0 103.1 14

 15 Finance companies 173.0 145.1 134.5 136.1 108.5 132.9 136.1 135.0 126.8 119.7 108.5 15

 16 REITs 70.8 96.3 74.6 88.2 86.4 87.3 88.2 86.9 82.4 79.5 86.4 16

 17 Brokers and dealers 375.1 367.4 408.7 388.8 390.8 390.4 388.8 395.3 401.7 393.4 390.8 17

 18 Holding companies 484.4 822.3 739.4 708.2 408.9 718.7 708.2 699.0 686.0 629.6 408.9 18

 19 Funding corporations 792.7 739.3 638.8 621.6 718.2 631.1 621.6 649.7 671.7 713.5 718.2 19

 20 Rest of the world 324.1 184.1 160.8 149.8 157.5 158.3 149.8 160.0 148.1 161.1 157.5 20

 21 Total assets 21793.3 22703.1 23018.4 23987.2 25119.1 23750.3 23987.2 24428.9 24864.3 25628.7 25119.1 21

 22 Household sector 869.7 863.6 913.8 921.6 962.3 919.5 921.6 924.6 930.4 945.1 962.3 22

 23 Nonfinancial corporate business 6784.2 6893.1 7295.6 7784.2 8624.2 7546.8 7784.2 7961.2 8170.3 8343.7 8624.2 23

 24 Nonfinancial noncorporate business 2243.6 2466.0 2694.8 2836.1 3005.4 2780.9 2836.1 2876.2 2930.0 2953.2 3005.4 24

 25 Federal government 145.6 144.6 150.5 163.0 177.4 160.9 163.0 167.9 172.2 175.0 177.4 25

 26 State and local governments 95.7 101.5 105.3 113.0 127.4 111.3 113.0 116.6 119.8 126.4 127.4 26

 27 Monetary authority 223.9 199.5 233.1 235.5 216.8 235.4 235.5 228.9 224.9 219.7 216.8 27

 28 U.S.-chartered depository institutions 704.8 602.8 528.1 547.7 541.5 517.5 547.7 559.6 541.9 566.3 541.5 28

 29 Foreign banking offices in U.S. 44.2 43.9 57.0 71.3 58.4 74.2 71.3 75.8 69.9 61.0 58.4 29

 30 Banks in U.S.-affiliated areas 11.8 12.0 20.5 33.4 34.9 21.3 33.4 31.3 36.9 36.1 34.9 30

 31 Credit unions 61.9 62.7 61.1 66.4 75.7 65.0 66.4 75.3 71.6 71.6 75.7 31

 32 Property-casualty insurance companies 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 32

 33 Life insurance companies 357.4 375.2 403.0 476.6 507.6 439.4 476.6 499.4 476.7 497.7 507.6 33

 34 Private pension funds 1668.4 1583.4 1421.4 1440.9 1595.6 1451.1 1440.9 1444.5 1480.4 1613.9 1595.6 34

 35 Federal government retirement funds 1745.6 1793.6 1782.1 1802.0 1815.1 1839.1 1802.0 1934.0 2087.5 2205.5 1815.1 35

 36 State and local govt. retirement funds 2002.9 2025.2 1637.7 1603.4 1910.9 1676.6 1603.4 1599.7 1671.7 1957.9 1910.9 36

 37 Money market mutual funds 22.7 28.8 31.6 17.3 9.8 18.8 17.3 16.7 15.8 13.3 9.8 37

 38 Mutual funds 5.7 -27.4 -8.3 -12.6 -30.8 23.2 -12.6 -5.7 -11.3 -30.8 -30.8 38

 39 Government-sponsored enterprises 148.5 152.6 165.6 154.7 149.7 149.3 154.7 164.7 166.3 154.2 149.7 39

 40 ABS issuers 70.0 69.6 61.1 70.4 72.0 67.2 70.4 71.9 70.4 67.4 72.0 40

 41 Finance companies -138.7 -169.0 -188.6 -170.6 -196.2 -179.8 -170.6 -164.4 -191.8 -204.1 -196.2 41

 42 REITs 74.7 100.4 112.6 134.2 144.0 140.6 134.2 140.2 141.4 142.3 144.0 42

 43 Brokers and dealers 730.9 645.1 768.3 812.4 762.3 821.8 812.4 839.4 779.8 814.9 762.3 43

 44 Holding companies 3232.1 4041.2 4064.3 4175.5 3806.4 4137.7 4175.5 4141.9 4181.6 4157.5 3806.4 44

 45 Funding corporations 687.6 694.8 707.8 710.6 748.8 732.5 710.6 729.1 727.8 741.0 748.8 45

 46 Discrepancy -6368.0 -6550.3 -7330.8 -8065.3 -8995.8 -7828.6 -8065.3 -8343.0 -8641.3 -8874.4 -8995.8 46
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L.232 Identified Miscellaneous Financial Claims - Part I

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 Federal government equity in IBRD, etc.:

 1 Liab.: Rest of the world 55.4 57.8 60.0 62.4 64.6 62.2 62.4 64.6 64.6 64.6 64.6 1

 2 Asset: Federal government 55.4 57.8 60.0 62.4 64.6 62.2 62.4 64.6 64.6 64.6 64.6 2

 Federal Reserve Bank stock:

 3 Liab.: Monetary authority 26.9 27.4 27.5 28.6 29.5 28.2 28.6 28.8 29.1 29.3 29.5 3

 4 Asset: U.S.-chartered depository institutions 26.9 27.4 27.5 28.6 29.5 28.2 28.6 28.8 29.1 29.3 29.5 4

 Equity in government-sponsored enterprises:

 5 Liab.: Government-sponsored enterprises 43.1 41.2 41.7 42.9 42.9 42.4 42.9 41.8 42.9 42.3 42.9 5

 6 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.7 6

 7 Nonfinancial noncorporate (FCS) 7.0 7.2 7.7 8.5 9.0 8.3 8.5 8.6 8.7 8.9 9.0 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 U.S.-chartered depository institutions (FHLB) 30.6 28.4 27.8 27.3 25.0 27.2 27.3 25.7 26.2 24.9 25.0 9

 10 Credit unions (FHLB) 2.9 2.9 2.4 2.9 3.5 2.8 2.9 3.0 3.2 3.3 3.5 10

 11 Property-casualty insurance companies (FHLB) 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 11

 12 Life insurance companies (FHLB) 2.0 2.0 2.9 3.0 3.0 3.0 3.0 3.1 3.2 3.1 3.0 12

 13 Finance companies 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.2 0.2 13

 14 Real estate investment trusts (FHLB) 0.0 0.0 0.1 0.3 1.3 0.2 0.3 0.4 0.6 1.0 1.3 14

 Holding company net transactions with subsidiaries:

 15 Liab.: U.S.-chartered depository institutions 1709.0 1889.2 1937.2 2133.2 2171.3 2059.2 2133.2 2112.8 2141.6 2160.8 2171.3 15

 16 Property-casualty insurance companies 0.0 11.2 5.2 5.3 4.5 5.1 5.3 3.9 4.6 4.8 4.5 16

 17 Life insurance companies 72.0 17.2 10.7 11.5 12.0 11.5 11.5 11.8 11.8 12.1 12.0 17

 18 Finance companies 94.6 91.1 75.4 62.2 59.8 62.1 62.2 61.1 58.7 58.4 59.8 18

 19 Brokers and dealers 613.5 1060.5 1087.6 1092.4 1019.5 1085.7 1092.4 1075.5 1130.7 1135.1 1019.5 19

 20 Rest of the world 166.3 114.7 97.9 83.3 89.2 93.2 83.3 92.0 80.3 93.2 89.2 20

 21 Asset: Holding companies 2655.4 3184.0 3214.0 3387.9 3356.3 3316.8 3387.9 3357.1 3427.7 3464.4 3356.3 21

 NFC investment in finance company subsidiaries:

 22 Liab.: Finance companies 69.1 71.7 86.4 100.5 96.5 100.3 100.5 98.7 94.7 94.4 96.5 22

 23 Asset: Nonfinancial corporate business 69.1 71.7 86.4 100.5 96.5 100.3 100.5 98.7 94.7 94.4 96.5 23

 Funding corporations’ investment in subsidiaries:

 24 Liab.: Foreign banking offices in U.S. 137.8 126.0 123.5 103.2 105.4 127.8 103.2 96.2 109.1 108.4 105.4 24

 25 Brokers and dealers 549.7 568.8 584.3 607.4 643.4 604.6 607.4 632.9 618.7 632.6 643.4 25

 26 Asset: Funding corporations 687.6 694.8 707.8 710.6 748.8 732.5 710.6 729.1 727.8 741.0 748.8 26

 Equity investment under Public-Private Inv. Program:

 27 Liab.: Funding corporations 8.8 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 8.7 27

 28 Asset: Households (1) 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 28

 29 Federal government 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 4.4 29

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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L.233 Identified Miscellaneous Financial Claims - Part II

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 102.5 11.5 2.9 4.2 3.6 2.9 4.2 3.4 3.3 3.3 3.6 1

 2 Asset: Federal government 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2

 3 Monetary authority (1) 99.8 8.9 0.3 1.5 1.0 0.2 1.5 0.8 0.6 0.7 1.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 12.6 13.7 10.6 9.1 6.3 9.3 9.1 10.2 9.2 8.3 6.3 6

 7 Asset: U.S.-chartered depository institutions 12.6 13.7 10.6 9.1 6.3 9.3 9.1 10.2 9.2 8.3 6.3 7

 Funding agreements backing securities (2):

 8 Liab.: Life insurance companies 70.0 69.6 61.1 70.4 72.0 67.2 70.4 71.9 70.4 67.4 72.0 8

 9 Asset: ABS issuers 70.0 69.6 61.1 70.4 72.0 67.2 70.4 71.9 70.4 67.4 72.0 9

 Deferred and unpaid life insurance premiums:

 10 Liab.: Household sector 24.3 24.9 27.9 29.1 31.2 29.6 29.1 30.2 31.0 30.6 31.2 10

 11 Asset: Life insurance companies 24.3 24.9 27.9 29.1 31.2 29.6 29.1 30.2 31.0 30.6 31.2 11

 Life insurance company reserves:

 12 Liab.: Life insurance companies 305.5 303.7 304.2 310.0 318.9 311.5 310.0 313.5 314.0 319.0 318.9 12

 13 Accident and health 225.0 222.6 222.8 228.3 234.9 228.7 228.3 230.2 231.1 234.8 234.9 13

 14 Policy dividend accumulation 37.9 38.3 38.5 38.8 39.1 39.1 38.8 38.5 38.9 39.1 39.1 14

 15 Contract claims 42.6 42.8 42.8 42.9 45.0 43.7 42.9 44.7 44.0 45.0 45.0 15

 16 Asset: Household sector 305.5 303.7 304.2 310.0 318.9 311.5 310.0 313.5 314.0 319.0 318.9 16

 Policy payables:

 17 Liab.: Property-casualty insurance companies 796.4 802.1 807.8 822.5 838.3 824.2 822.5 821.1 828.8 838.9 838.3 17

 18 Asset: Household sector 338.4 320.7 358.4 350.0 374.3 354.8 350.0 353.6 361.4 370.7 374.3 18

 19 Nonfinancial corporate business 331.0 339.0 333.0 343.2 345.3 342.8 343.2 341.6 343.6 346.5 345.3 19

 20 Nonfinancial noncorporate business 127.0 142.5 116.5 129.4 118.7 126.6 129.4 126.0 123.8 121.6 118.7 20

 Unallocated insurance company contracts:

 21 Liab.: Life insurance companies 623.0 639.5 655.4 650.1 645.9 643.8 650.1 657.2 655.5 629.9 645.9 21

 22 Asset: Private pension funds 483.7 503.5 525.2 532.1 530.2 525.6 532.1 537.6 536.1 517.7 530.2 22

 23 State and local government retirement funds 139.2 136.0 130.2 118.0 115.7 118.2 118.0 119.6 119.4 112.2 115.7 23

 Pension fund contributions payable:

 24 Liab.: Nonfinancial corporate business 93.8 81.4 79.0 77.9 80.7 78.4 77.9 79.6 79.9 79.8 80.7 24

 25 Asset: Private pension funds 93.8 81.4 79.0 77.9 80.7 78.4 77.9 79.6 79.9 79.8 80.7 25

 Securities borrowed (net):

 26 Liab.: Funding corporations 658.7 579.5 673.5 720.6 706.8 735.4 720.6 755.4 703.1 747.5 706.8 26

 27 Asset: Brokers and dealers 658.7 579.5 673.5 720.6 706.8 735.4 720.6 755.4 703.1 747.5 706.8 27

 Retiree health care funds (3):

 28 Liab.: Federal government 221.4 234.8 246.9 257.3 264.7 248.8 257.3 253.2 250.6 251.0 264.7 28

 29 Asset: Household sector 221.4 234.8 246.9 257.3 264.7 248.8 257.3 253.2 250.6 251.0 264.7 29

 Claims of pension fund on sponsor:

 30 Liab.: Nonfinancial corporate business 517.7 391.0 181.7 166.3 297.3 184.8 166.3 154.8 187.4 335.8 297.3 30

 31 Federal government 1745.6 1793.6 1782.1 1802.0 1815.1 1839.1 1802.0 1934.0 2087.5 2205.5 1815.1 31

 32 State and local governments 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 32

 33 Asset: Private pension funds 517.7 391.0 181.7 166.3 297.3 184.8 166.3 154.8 187.4 335.8 297.3 33

 34 Federal government retirement funds 1745.6 1793.6 1782.1 1802.0 1815.1 1839.1 1802.0 1934.0 2087.5 2205.5 1815.1 34

 35 State and local govt. retirement funds 1764.6 1793.3 1401.4 1377.2 1685.8 1448.5 1377.2 1368.1 1440.5 1735.5 1685.8 35

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

(2) Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities. Funding agreement-backed securities issued by foreign entities

 are included in foreign direct investment in the U.S. See tables L.132 and L.230.

(3) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
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L.234 Unidentified Miscellaneous Financial Claims

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

2011 2012 2013 2014 2015 2014 2015

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 4943.1 5328.4 5307.1 5283.7 5009.3 5207.1 5283.7 5304.5 5166.3 5057.3 5009.3 1

 2 Nonfinancial corporate business 2834.9 3188.1 3416.1 3318.1 3207.8 3267.1 3318.1 3288.0 3181.4 3106.8 3207.8 2

 3 Nonfinancial noncorporate business 1168.0 1219.7 1261.5 1299.8 1306.7 1291.6 1299.8 1315.4 1314.5 1312.7 1306.7 3

 4 Federal government 3.2 2.8 2.3 1.8 1.2 1.9 1.8 1.6 1.5 1.3 1.2 4

 5 Monetary authority 2.8 6.3 16.0 18.4 18.1 22.2 18.4 21.6 21.0 19.4 18.1 5

 6 U.S.-chartered depository institutions 527.1 557.2 578.9 717.8 719.6 679.1 717.8 750.3 747.5 771.1 719.6 6

 7 Foreign banking offices in U.S. 165.6 141.7 111.1 119.6 108.3 120.5 119.6 129.4 105.1 112.4 108.3 7

 8 Banks in U.S.-affiliated areas 19.4 17.3 14.3 12.7 10.4 12.6 12.7 11.8 12.6 10.9 10.4 8

 9 Credit unions 12.2 12.6 14.1 15.3 9.5 16.8 15.3 15.8 16.6 15.7 9.5 9

 10 Life insurance companies 233.8 323.4 350.1 370.0 395.7 370.7 370.0 378.9 359.3 392.6 395.7 10

 11 Government-sponsored enterprises 74.5 69.2 62.4 59.0 54.0 61.0 59.0 58.0 52.8 55.4 54.0 11

 12 Finance companies 9.3 -17.7 -27.2 -26.6 -47.7 -29.5 -26.6 -24.8 -26.6 -33.1 -47.7 12

 13 REITs 70.8 96.3 74.6 88.2 86.4 87.3 88.2 86.9 82.4 79.5 86.4 13

 14 Brokers and dealers -788.1 -1261.8 -1263.1 -1310.9 -1272.2 -1299.8 -1310.9 -1313.1 -1347.6 -1374.3 -1272.2 14

 15 Holding companies 484.4 822.3 739.4 708.2 408.9 718.7 708.2 699.0 686.0 629.6 408.9 15

 16 Funding corporations 125.2 151.1 -43.5 -107.7 2.6 -113.0 -107.7 -114.4 -40.1 -42.7 2.6 16

 17 Total assets 11311.1 11878.7 12637.9 13349.1 14005.1 13035.7 13349.1 13647.5 13807.6 13931.7 14005.1 17

 18 Nonfinancial corporate business 6383.6 6481.9 6875.6 7339.8 8181.7 7103.0 7339.8 7520.2 7731.2 7902.0 8181.7 18

 19 Nonfinancial noncorporate business 2109.5 2316.4 2570.5 2698.2 2877.7 2646.0 2698.2 2741.6 2797.5 2822.7 2877.7 19

 20 Federal government 83.2 79.8 83.4 93.6 105.8 91.7 93.6 96.3 100.7 103.4 105.8 20

 21 State and local governments 95.7 101.5 105.3 113.0 127.4 111.3 113.0 116.6 119.8 126.4 127.4 21

 22 Monetary authority 124.0 190.6 232.8 233.9 215.8 235.2 233.9 228.1 224.3 219.1 215.8 22

 23 U.S.-chartered depository institutions 634.8 533.3 462.2 482.8 480.7 452.8 482.8 494.8 477.3 503.8 480.7 23

 24 Foreign banking offices in U.S. 44.2 43.9 57.0 71.3 58.4 74.2 71.3 75.8 69.9 61.0 58.4 24

 25 Banks in U.S.-affiliated areas 11.8 12.0 20.5 33.4 34.9 21.3 33.4 31.3 36.9 36.1 34.9 25

 26 Credit unions 59.1 59.8 58.8 63.5 72.2 62.2 63.5 72.3 68.4 68.3 72.2 26

 27 Life insurance companies 331.1 348.2 372.2 444.5 473.3 406.8 444.5 466.1 442.5 464.0 473.3 27

 28 Private pension funds 573.3 607.4 635.5 664.6 687.3 662.2 664.6 672.5 677.0 680.7 687.3 28

 29 State and local govt. retirement funds 99.1 95.9 106.2 108.3 109.4 109.9 108.3 112.0 111.8 110.2 109.4 29

 30 Mutual funds 5.7 -27.4 -8.3 -12.6 -30.8 23.2 -12.6 -5.7 -11.3 -30.8 -30.8 30

 31 Money market mutual funds 22.7 28.8 31.6 17.3 9.8 18.8 17.3 16.7 15.8 13.3 9.8 31

 32 Government-sponsored enterprises 148.5 152.6 165.6 154.7 149.7 149.3 154.7 164.7 166.3 154.2 149.7 32

 33 Finance companies -138.8 -169.0 -188.8 -170.7 -196.4 -179.9 -170.7 -164.5 -191.9 -204.3 -196.4 33

 34 REITs 74.7 100.4 112.5 133.9 142.7 140.3 133.9 139.8 140.8 141.3 142.7 34

 35 Brokers and dealers 72.2 65.6 94.8 91.7 55.5 86.4 91.7 84.0 76.7 67.4 55.5 35

 36 Holding companies 576.7 857.2 850.3 787.6 450.1 820.9 787.6 784.8 753.9 693.1 450.1 36

 37 Discrepancy -6368.0 -6550.3 -7330.8 -8065.3 -8995.8 -7828.6 -8065.3 -8343.0 -8641.3 -8874.4 -8995.8 37