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

RFor use at 12:00 noon, eastern time

September 16, 2016

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

Second Quarter 2016

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

i

Household Net Worth and Growth of Domestic Nonfinancial Debt

Year

Household 

net worth1

Growth of domestic nonfinancial debt2

Total Households Businesses

State and 

local gov’ts

Federal

government

2006 66,231 8.4 10.5 9.8 4.4 3.9

2007 66,485 8.1 7.2 12.4 5.9 4.7

2008 55,763 5.8 -0.1 6.0 1.2 21.4

2009 57,825 3.5 0.4 -4.1 4.3 20.4

2010 62,067 4.4 -0.5 -0.7 2.4 18.5

2011 63,510 3.5 -0.5 2.8 -1.5 10.8

2012 69,422 5.0 1.9 4.7 -0.2 10.1

2013 78,909 3.8 1.7 4.7 -1.8 6.7

2014 83,944 4.3 3.1 6.1 -1.1 5.4

2015 87,170 4.5 2.8 6.7 0.3 5.0

2014: Q2 81,773 4.2 4.9 5.0 -0.4 3.7

Q3 82,104 5.1 2.8 6.4 -2.6 7.9

Q4 83,944 3.5 2.2 6.3 0.7 3.1

2015: Q1 85,825 2.7 2.0 7.4 1.8 -0.3

Q2 86,403 4.4 4.0 7.9 0.5 2.7

Q3 85,089 2.7 1.4 5.5 0.2 2.1

Q4 87,170 7.7 3.7 5.4 -1.2 15.4

2016: Q1 87,988 5.4 2.7 9.4 0.8 5.6

Q2 89,063 4.4 4.4 4.1 2.2 5.0

1. Shown on table B.101, which includes nonprofit organizations. Billions of dollars; amounts outstanding end of period, not 

 seasonally adjusted

2. Percentage changes calculated as seasonally adjusted flow divided by previous quarter’s seasonally adjusted level, shown 

 at an annual rate.

The net worth of households and nonprofits rose to 

$89.1 trillion during the second quarter of 2016. The 

value of directly and indirectly held corporate equities 

increased $452 billion and the value of real estate rose

$474 billion.

Domestic nonfinancial debt outstanding was 

$46.3 trillion at the end of the second quarter of 2016, of 

which household debt was $14.5 trillion, nonfinancial 

business debt was $13.2 trillion, and total government 

debt was $18.6 trillion.

Domestic nonfinancial debt growth was 4.4 percent at 

a seasonally adjusted annual rate in the second quarter of 

2016, down from an annual rate of 5.4 percent in the 

previous quarter.

Household debt increased at an annual rate of 

4.4 percent in the second quarter of 2016. Consumer 

credit grew 6.4 percent, while mortgage debt (excluding 

charge-offs) grew 2.5 percent at an annual rate.

Nonfinancial business debt rose at an annual rate of

4.1 percent in the second quarter, down from an annual 

rate of 9.4 percent in the previous quarter.

State and local government debt rose at an annual rate 

of 2.2 percent in the second quarter of 2016, up from an 

annual growth rate of 0.8 percent in the previous quarter.

Federal government debt increased 5.0 percent at a 

seasonally adjusted annual rate in the second quarter of 

2016.

Recent Developments in Household Net Worth and 

Domestic Nonfinancial Debt
ii
iii

Topic Description

Revisions to the market value of 

residential real estate

The market value of residential real estate (tables B.101 and 

B.104) has been revised from 2000:Q1 forward to reflect revised 

data for the repeat-sales house-price index from 

LoanPerformance (a division of First American CoreLogic).

Closed-end funds and exchangetraded funds now shown on 

separate tables

Closed-end funds are now shown separately on tables F.123 

and L.123 and exchange-traded funds are now shown on tables 

F.124 and L.124. Previously, both sectors were shown on tables 

F.123 and L.123. The sector tables that follow have been 

renumbered. 

Closed-end funds’ debt securities 

now reported at market value and 

new investment objective detail

Debt securities held by closed-end funds (tables F.123 and

L.123) are now reported at market value, consistent with the 

international standards described in the System of National 

Accounts (SNA2008). New memo items show financial assets 

by investment objective: domestic equity funds, world equity 

funds, domestic taxable bond funds, municipal bond funds, and 

world bond funds. Investment objective data are available 

beginning 2007:Q1. 

Exchange-traded funds’ debt

securities now reported at market 

value and new investment objective

detail

Debt securities held by exchange-traded funds (tables F.124

and L.124) are now reported at market value, consistent with the 

international standards described in the System of National 

Accounts (SNA2008). A new miscellaneous asset series reflects 

commodities, currencies, and futures; previously these assets 

were included with corporate equities. New memo items show 

financial assets by investment objective: domestic equity funds, 

world equity funds, commodity funds, hybrid funds, taxable bond 

funds, and municipal bond funds. Investment objective data are 

available beginning 2001:Q4. 

Private pension fund benchmark Assets of the private pension fund sector (tables F.118, F.118.b, 

F.118.c, L.118, L.118.b, and L.118.c) have been revised 

beginning in 2014:Q1 to reflect new data from the U.S. Internal 

Revenue Service/Department of Labor/Pension Benefit 

Guaranty Corporation Form 5500 filed for plan year 2014.

National income and product 

accounts annual revision

The statistics in this publication reflect the annual revisions to 

the national income and product accounts (NIPAs) from 

2012:Q1 forward released by the Bureau of Economic Analysis 

(BEA) of the Department of Commerce on July 29, 2016, and 

subsequent information for 2016:Q2 released on August 26, 

2016. The August 2016 issue of the Survey of Current Business 

provides details on the major features of this annual revision.

Fixed assets annual revision Data for investment and depreciation flows and capital stocks for 

all sectors have been revised beginning 2012 to reflect updated 

annual estimates of fixed assets from the BEA.

Release Highlights

Second Quarter 2016
iv

Topic Description

Rest of the world sector revision Revisions to the rest of the world sector (tables F.133 and 

L.133) reflect revised estimates of the U.S. international 

transactions accounts (ITAs) and the U.S. international 

investment position (IIP) accounts released by BEA for 2012:Q1 

forward. BEA's changes are detailed in the July 2016 Survey of 

Current Business.

Seasonal adjustment Seasonal factors for quarterly flows have been recalculated for 

the period 2006:Q1 forward. The seasonal factors are generated 

using the X-12-ARIMA seasonal adjustment program by the 

U.S. Census Bureau.

New Enhanced Financial Accounts

projects

Two new Enhanced Financial Accounts (EFA) projects: (1) 

Funding Agreement-Backed Securities (FABS) and (2) 

International Portfolio Investment Holdings of Long-term 

Securities by Country have been added to the EFA page at 

www.federalreserve.gov/apps/fof/efa/enhancedfinancialaccounts.htm. More information about each of these 

EFA projects is available in the accompanying FEDS Notes: 

“Funding Agreement-Backed Securities in the Enhanced 

Financial Accounts” (Nathan Foley-Fisher, Ralf Meisenzahl, 

Borghan Narajabad, Maria Perozek, and Stephane Verani) and 

“International Portfolio Investment Holdings of Long-term 

Securities in the Enhanced Financial Accounts” (Elizabeth 

Holmquist, Max Miller, and Youngsuk Yook).
v

Financial Accounts of the United States

The Statistical Release Z.1, “Financial Accounts of the 

United States,” is organized into the following sections:

■ Matrices summarizing flows and levels across 

sectors, tables on debt growth, net national 

wealth, gross domestic product (GDP), national 

income, saving, and so on

■ Flows of financial assets and liabilities, by 

sector and by financial instrument 

■ Levels of financial assets and liabilities, by 

sector and by financial instrument

■ Balance sheets, including nonfinancial assets,

and changes in net worth for households and 

nonprofit organizations, nonfinancial corporate 

businesses, and nonfinancial noncorporate 

businesses

Supplementary tables providing equity detail of 

the household and nonprofit organization sector

and data on nonprofit organizations

■ Integrated Macroeconomic Accounts

The Integrated Macroeconomic Accounts (IMA) relate 

production, income, saving, and capital formation from 

the national income and product accounts (NIPA) to 

changes in net worth from the “Financial Accounts” on a 

sector-by-sector basis. The IMA are published jointly by 

the Federal Reserve Board and the Bureau of Economic 

Analysis and are based on international guidelines and 

terminology as defined in the System of National 

Accounts (SNA2008).

Federal Reserve Board staff have taken many steps over 

the past several years to conform the “Financial 

Accounts” with the SNA guidelines. Nonetheless, a few 

important differences remain. In particular, in the 

“Financial Accounts”:

■ The purchase of consumer durables is treated as 

investment rather than as consumption.

■ Nonfinancial noncorporate businesses (which 

are often small businesses) are shown in a 

separate sector rather than being included in the 

household sector.

■ Some debt securities are still recorded at book 

value.

Concepts of Level and Flow in the SNA 

and the Financial Accounts

The level of an asset or liability (also referred to as the 

stock or outstanding) measures the value of the asset or

liability in existence at a point in time. In the “Financial 

Accounts,” the levels are reported as of the end of each

calendar quarter. In the SNA2008, the change in the

level from one period to the next is called the “economic 

flow,” and can be decomposed into three broad 

elements: transactions, which measure the exchange of 

assets; revaluations, which measure changes in market 

value of untraded assets; and other changes in volume, 

which measure discontinuities or breaks in time series 

due to disaster losses or a change in source data or 

definition.

In the “Financial Accounts,” “flows” refer to the 

exchange of assets, corresponding to the SNA definition 

of transactions, that is, “flow tables” in the “Financial 

Accounts” are equivalent to “transaction tables” in the 

SNA terminology. In practice, other volume changes are 

relatively rare, and revaluations occur mainly for series 

carried at market value (such as corporate equities, real 

estate, and some debt securities), so for many series the 

change in the level is equal to the flow.

Growth Rates

Growth rates calculated from levels will include 

revaluations and other changes in volume. To isolate the 

effect of transactions on the growth of a given asset or 

liability, users should calculate the ratio of the flow in a 

given period to the level in the preceding period. 

Growth rates in table D.1 are calculated by dividing 

seasonally adjusted flows from table D.2 by seasonally 

adjusted levels at the end of the previous period from 

table D.3. Growth rates calculated from changes in 

unadjusted levels may differ from those in table D.1.

Seasonal Adjustment

Seasonal factors are recalculated and updated every 

year, and these revised factors are first published in the 

September release of second-quarter data. All series that 

exhibit significant seasonal patterns are adjusted. The 

seasonal factors are generated using the X-12-ARIMA 

seasonal adjustment program from the U.S. Census 

Bureau, estimated using the most recent 10 years of flow 

data. Because the effects of the recent financial crisis

resulted in large outliers in some series that would have 

distorted the estimated seasonal factors, seasonal factors 

for some series were extrapolated using pre-crisis data. 

Seasonally adjusted levels shown in table D.3 are 

derived by carrying forward year-end levels by 

seasonally adjusted flows.

Explanatory Notes
vi

Data Revisions

Data shown for the most recent quarters are based on 

preliminary and potentially incomplete information. A 

summary list of the most recent data available for each 

sector is provided in a table following these notes. 

Nonetheless, when source data are revised or estimation 

methods are improved, all data are subject to revision. 

There is no specific revision schedule; rather, data are 

revised on an ongoing basis. In each release of the 

“Financial Accounts,” major revisions are highlighted at 

the beginning of the publication.

Discrepancies

The data in the “Financial Accounts” come from a large 

variety of sources and are subject to limitations and 

uncertainty due to measurement errors, missing 

information, and incompatibilities among data sources. 

The size of this uncertainty cannot be quantified, but its 

existence is acknowledged by the inclusion of 

“statistical discrepancies” for various sectors and 

financial instruments.

The discrepancy for a given sector is defined as the 

difference between the aggregate value of the sector’s 

sources of funds and the value of its uses of funds. For a 

financial instrument category, the discrepancy is defined 

as the difference between the measurement of funds 

raised through the financial instrument and funds 

disbursed through that instrument. The relative size of 

the statistical discrepancy is one indication of the quality 

of the underlying source data. Note that differences in 

seasonal adjustment procedures sometimes result in 

quarterly discrepancies that partially or completely 

offset each other in the annual data.

Financial Accounts Guide 

Substantially more detail on the construction of the 

“Financial Accounts” is available in the Financial 

Accounts Guide, which provides interactive, online 

documentation for each data series. The tools and 

descriptions in the guide are designed to help users 

understand the structure and content of the “Financial 

Accounts.” The guide allows users to search for series, 

browse tables of data, and identify links among series 

within these accounts. It also provides descriptions of 

each of the published tables and information on the 

source data underlying each series. Data on some of our 

data submissions to international organizations are also 

available on the guide page. There is also a link to the

Enhanced Financial Accounts, a new initiative that 

includes data that is not part of the core “Financial 

Accounts”.

The guide is not part of the quarterly release, but it is 

continually updated and kept consistent with the most 

recently published data. The guide and the data from the 

“Financial Accounts” are available free of charge online:

www.federalreserve.gov/apps/fof

Each input and calculated series in the Z.1 is identified 

according to a unique string of patterned numbers and 

letters. The series structure page of the guide provides a 

breakdown of what the letters and numbers represent in 

the series mnemonics. The relationships between 

different components of a series (for example, levels, 

seasonally adjusted annual rate flows, unadjusted flows, 

revaluations, other changes in volume, seasonal factors, 

and so on) are also described on the series structure 

page.

Production Schedule

The “Financial Accounts” are published online and in 

print four times per year, about 10 weeks following the 

end of each calendar quarter. The publication with series 

mnemonics and the guide are available online:

www.federalreserve.gov/releases/Z1

This website also provides CSV files of quarterly data 

for seasonally adjusted flows, unadjusted flows, 

outstandings, balance sheets, debt (tables D.1, D.2, and 

D.3), supplementary tables, and the IMA. 

In addition, the data are available as customizable 

datasets through the Federal Reserve Board’s Data 

Download Program at:

www.federalreserve.gov/datadownload/default.htm

Print Subscription Information

The Federal Reserve Board charges a fee for 

subscriptions to print versions of statistical releases.

Inquiries regarding print versions should be directed to

the following office:

Publications Services, Stop 127

Board of Governors

of the Federal Reserve System

20th Street and Constitution Avenue, N.W.

Washington, DC 20551

(202) 452-3245
vii

Sector Table Available at time of publication

National income and product 

accounts (NIPA) 

(various tables) 

Second estimate, seasonally adjusted, for 2016:Q2. Unadjusted 

flows through 2014:Q4 for the government sectors.

Households and nonprofit

organizations sector

(tables F.101 and L.101)

Estimates for this sector are largely residuals and are derived 

from data for other sectors. Availability of data depends on 

schedules for other sectors. Data for consumer credit, which are 

estimated directly, are available through 2016:Q2. The source 

for nonprofit organizations data (tables F.101.a and L.101.a) is 

the Internal Revenue Service Statistics of Income (IRS/SOI). 

Data for nonprofit organizations are available for 1987 through 

2000.

Nonfinancial corporate business 

(tables F.103 and L.103)

Quarterly Financial Report (QFR) of the Census Bureau through 

2016:Q2; IRS/SOI data through 2014; securities offerings, 

mortgages, bank loans, commercial paper, and other loans 

through 2016:Q2. Corporate farm data through 2015.

Nonfinancial noncorporate business

(tables F.104 and L.104)

IRS/SOI data through 2013; bank and finance company loans, 

and mortgage borrowing through 2016:Q2. Noncorporate farm 

data through 2015.

Federal government

(tables F.106 and L.106)

Data from the Monthly Treasury Statement of Receipts and 

Outlays, Monthly Statement of the Public Debt and Treasury 

data for loan programs and the Troubled Assets Relief Program 

(TARP) through 2016:Q2.

State and local governments

(tables F.107 and L.107)

Gross offerings and retirements of municipal securities, deposits 

at banks, and nonmarketable U.S. government security issues 

through 2016:Q2; total financial assets through 2013:Q2 from 

the Census Bureau; breakdown of financial assets through 

2011:Q2 from the comprehensive annual financial reports of 

state and local governments.

Monetary authority

(tables F.109 and L.109)

All data through 2016:Q2.

U.S.-chartered depository 

institutions

(tables F.111 and L.111)

All data through 2016:Q2.

Foreign banking offices in U.S.

(tables F.112 and L.112)

All data through 2016:Q2.

Banks in U.S.-affiliated areas

(tables F.113 and L.113)

All data through 2016:Q2.

Credit unions

(tables F.113 and L.113)

All data through 2016:Q2.

Property-casualty insurance 

companies

(tables F.115 and L.115)

All data through 2016:Q2.

Description of Most Recent Data Available
viii

Sector Table Available at time of publication

Life insurance companies

(tables F.116 and L.116)

All data through 2016:Q2.

Private pension funds

(tables F.118 and L.118)

Internal Revenue Service/Department of Labor Form 5500 data 

through 2014. Investment Company Institute data through 

2016:Q1. Annual actuarial liability data through 2015:Q4.

Federal government retirement 

funds

(tables F.119 and L.119)

Data from the Monthly Treasury Statement of Receipts and 

Outlays, the Thrift Savings Plan, and the National Railroad 

Retirement Investment Trust through 2016:Q2. Annual actuarial 

liability data through 2015:Q4.

State and local government 

employee retirement funds

(tables F.120 and L.120)

Detailed annual survey data through 2015:Q2 and quarterly 

survey data through 2016:Q1 from the Census Bureau. 

Investment Company Institute data through 2016:Q1. Annual 

actuarial liability data through 2015:Q4.

Money market mutual funds

(tables F.121 and L.121)

All data through 2016:Q2.

Mutual funds

(tables F.122 and L.122)

All data through 2016:Q2.

Closed-end funds

(tables F.123 and L.123)

All data through 2016:Q2.

Exchange-traded funds

(tables F.124 and L.124)

All data through 2016:Q2.

Government sponsored enterprises 

(GSEs)

(tables F.125 and L.125)

Data for Fannie Mae, Freddie Mac, FICO, and REFCORP, 

Farmer Mac, FCS, and FHLB through 2016:Q2. 

Agency- and GSE-backed 

mortgage pools

(tables F.126 and L.126)

Data for Fannie Mae, Freddie Mac, and Farmer Mac through 

2016:Q2. 

Issuers of asset-backed securities 

(ABSs)

(tables F.127 and L.127)

All data for private mortgage pools, consumer credit, business 

loans, student loans, consumer leases, and trade credit 

securitization through 2016:Q2.

Finance companies

(tables F.128 and L.128)

All data through 2016:Q2.

Real estate investment trusts 

(REITs)

(tables F.129 and L.129)

Data from SNL Financial through 2016:Q2. 

Security brokers and dealers

(tables F.130 and L.130)

Data for firms filing FOCUS and FOGS reports through 

2016:Q2.

Holding companies

(table F.131 and L.131)

All data through 2016:Q2.

Funding corporations

(tables F.132 and L.132)

Estimates for this sector are largely residuals and are derived 

from data for other sectors.

Rest of the world

(tables F.133 and L.133)

NIPA estimates, bank Call Reports, Treasury International 

Capital System, and Balance of Payments data through 

2016:Q2. International Investment Position data through 

2016:Q1.
ix

Title Table Page

Summaries

Flow of Funds Matrix—Flows 1

Flow of Funds Matrix—Assets and Liabilities 3

Debt Growth by Sector D.1 5

Borrowing by Sector D.2 6

Debt Outstanding by Sector D.3 7

Net National Wealth B.1 8

Distribution of Gross Domestic Product F.2 9

Distribution of National Income F.3 10

Saving and Investment F.4 11

Net Capital Transfers F.5 12

Derivation of Measures of Personal Saving F.6 13

Assets and Liabilities of the Personal Sector L.6 14

Title

Flows Levels

Table Page Table Page

Sectors

Domestic Nonfinancial F.100 15 L.100 77

Households and Nonprofit Organizations F.101 16 L.101 78

Nonfinancial Business F.102 17 L.102 79

Nonfinancial Corporate Business F.103 18 L.103 80

Nonfinancial Noncorporate Business F.104 19 L.104 81

General Government F.105 20 L.105 82

Federal Government F.106 21 L.106 83

State and Local Governments F.107 22 L.107 84

Domestic Financial F.108 23 L.108 85

Monetary Authority F.109 24 L.109 86

Private Depository Institutions F.110 25 L.110 87

U.S.-Chartered Depository Institutions F.111 26 L.111 88

Foreign Banking Offices in U.S. F.112 27 L.112 89

Banks in U.S.-Affiliated Areas F.113 28 L.113 90

Credit Unions F.114 29 L.114 90

List of Data Tables
x

Sectors

Property-Casualty Insurance Companies F.115 29 L.115 91

Life Insurance Companies F.116 30 L.116 92

Life Insurance Companies: General Accounts F.116.g 31 L.116.g 93

Life Insurance Companies: Separate Accounts F.116.s 31 L.116.s 93

Private and Public Pension Funds F.117 32 L.117 94

Private Pension Funds F.118 33 L.118 95

Private Pension Funds: Defined Benefit Plans F.118.b 34 L.118.b 96

Private Pension Funds: Defined Contribution 

Plans F.118.c 34 L.118.c 96

Federal Government Employee Retirement Funds F.119 35 L.119 97

Federal Government Employee Retirement Funds: 

Defined Benefit Plans F.119.b 36 L.119.b 98

Federal Government Employee Retirement Funds: 

Defined Contribution Plans F.119.c 37 L.119.c 98

State and Local Government Employee Retirement 

Funds F.120 37 L.120 99

State and Local Government Employee 

Retirement Funds: Defined Benefit Plans F.120.b 38 L.120.b 100

State and Local Government Employee 

Retirement Funds: Defined Contribution Plans F.120.c 38 L.120.c 100

Money Market Mutual Funds F.121 39 L.121 101

Mutual Funds F.122 39 L.122 101

Closed-End Funds F.123 40 L.123 102

Exchange-Traded Funds F.124 40 L.124 102

Government-Sponsored Enterprises F.125 41 L.125 103

Agency- and GSE-Backed Mortgage Pools F.126 41 L.126 103

Issuers of Asset-Backed Securities F.127 42 L.127 104

Finance Companies F.128 43 L.128 105

Real Estate Investment Trusts (REITs) F.129 44 L.129 106

Equity Real Estate Investment Trusts F.129.e 45 L.129.e 107

Mortgage Real Estate Investment Trusts F.129.m 45 L.129.m 107

Security Brokers and Dealers F.130 46 L.130 108

Holding Companies F.131 47 L.131 109

Funding Corporations F.132 48 L.132 110

Rest of the World F.133 49 L.133 111
xi

Instruments

U.S. Official Reserve Assets and SDR Allocations F.200 50 L.200 112

Special Drawing Rights (SDRs) Certificates and Treasury 

Currency F.201 50 L.201 112

U.S. Deposits in Foreign Countries F.202 50 L.202 112

Net Interbank Transactions F.203 51 L.203 113

Checkable Deposits and Currency F.204 52 L.204 114

Time and Savings Deposits F.205 53 L.205 115

Money Market Mutual Fund Shares F.206 53 L.206 115

Federal Funds and Security Repurchase Agreements F.207 54 L.207 116

Debt Securities F.208 55 L.208 117

Open Market Paper F.209 56 L.209 118

Treasury Securities F.210 57 L.210 119

Agency- and GSE-Backed Securities F.211 58 L.211 120

Municipal Securities F.212 59 L.212 121

Corporate and Foreign Bonds F.213 60 L.213 122

Loans F.214 61 L.214 123

Depository Institution Loans Not Elsewhere Classified F.215 62 L.215 124

Other Loans and Advances F.216 63 L.216 125

Total Mortgages F.217 64 L.217 126

Home Mortgages F.218 65 L.218 127

Multifamily Residential Mortgages F.219 65 L.219 127

Commercial Mortgages F.220 66 L.220 128

Farm Mortgages F.221 66 L.221 128

Consumer Credit F.222 67 L.222 129

Corporate Equities F.223 68 L.223 130

Mutual Fund Shares F.224 68 L.224 130

Trade Credit F.225 69 L.225 131

Life Insurance Reserves F.226 69 L.226 131

Pension Entitlements F.227 70 L.227 132

Taxes Payable by Businesses F.228 70 L.228 132

Proprietors' Equity in Noncorporate Business F.229 70 L.229 132

Direct Investment F.230 71 L.230 133
xii

Total Miscellaneous Financial Claims F.231 72 L.231 134

Identified Miscellaneous Financial Claims—Part I F.232 73 L.232 135

Identified Miscellaneous Financial Claims—Part II F.233 74 L.233 136

Unidentified Miscellaneous Financial Claims F.234 75 L.234 137

Sector Discrepancies F.7 76

Instrument Discrepancies F.8 76

Title

Balance Sheet Reconciliation

Table Page Table Page

Balance Sheet and Changes in Net Worth

Households and Nonprofit Organizations B.101 138 R.101 141

Nonfinancial Corporate Business B.103 139 R.103 142

Nonfarm Noncorporate Business B.104 140 R.104 143

Title

Flows Levels

Table Page Table Page

Supplementary Tables

Balance Sheet of Households and Nonprofit Organizations

with Equity Detail B.101.e 144

Nonprofit Organizations F.101.a 145 L.101.a 146

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy—Current Account S.1.a 147

Selected Aggregates for Total Economy and Sectors S.2.a 148

Households and Nonprofit Institutions Serving Households S.3.a 150

Nonfinancial Noncorporate Business S.4.a 153

Nonfinancial Corporate Business S.5.a 156

Financial Business S.6.a 159

Central Bank S.61.a 162

 Private Depository Institutions S.62.a 164

 Insurance Companies S.63.a 167

 Pension Funds S.64.a 170

 Other Financial Business S.65.a 173

Federal Government S.7.a 176

State and Local Governments S.8.a 179

Rest of the World S.9.a 182
Summary

1

Z.1, September 16, 2016 Flow of Funds Matrix for 2015

(Billions of dollars; All Sectors -- Flows)

Households State Domestic Domestic Instrument

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

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

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

1 Gross saving less net cap. transfers -- 2502.0 -- 2191.5 -- 159.0 -- -347.5 -- 4505.0 -- 211.1 -- 477.9 -- 5194.0 -- 2 Capital consumption -- 1505.3 -- 1638.5 -- 251.0 -- 271.5 -- 3666.3 -- 198.0 -- -- -- 3864.3 -- 3 Net saving (1 less 2) -- 996.7 -- 553.0 -- -92.0 -- -619.0 -- 838.7 -- 13.2 -- 477.9 -- 1329.7 -- 4 Gross investment (5 plus 11) 2862.2 -- 2105.7 -- 150.5 -- -284.2 -- 4834.3 -- 358.9 -- 79.3 -- 5272.5 -- -78.55 Capital expenditures 1955.3 -- 2159.9 -- 361.3 -- 230.4 -- 4706.9 -- 238.5 -- 0.0 -- 4945.4 -- 248.66 Consumer durables 1275.4 -- -- -- -- -- -- -- 1275.4 -- -- -- -- -- 1275.4 -- -- 7 Residential 542.3 -- 109.6 -- 5.8 -- 1.5 -- 659.2 -- -0.0 -- -- -- 659.1 -- -- 8 Nonresidential 145.8 -- 1927.0 -- 346.4 -- 259.8 -- 2679.0 -- 238.5 -- -- -- 2917.5 -- -- 9 Inventory change -- -- 93.4 -- -- -- -- -- 93.4 -- -- -- -- -- 93.4 -- -- 10 Nonproduced nonfinancial assets -8.2 -- 29.9 -- 9.2 -- -30.9 -- 0.0 -- -- -- 0.0 -- -- -- -- 11 Net lending (+) or net borrowing (-) 907.0 -- -54.2 -- -210.9 -- -514.6 -- 127.4 -- 120.4 -- 79.3 -- 327.1 -- -327.112 Total financial assets 1298.7 -- 1277.7 -- 95.7 -- 252.4 -- 2924.5 -- 1306.9 -- 421.0 -- 4652.4 -- -- 13 Total liabilities -- 391.8 -- 1331.9 -- 306.5 -- 766.9 -- 2797.1 -- 1186.5 -- 341.7 -- 4325.4 -- 14 U.S. official reserve assets -- -- -- -- -- -- -6.4 0.0 -6.4 0.0 0.1 -- 0.0 -6.3 -6.3 -6.3 -- 15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 0.0 -- -- -- 0.0 0.0 -- 16 Treasury currency -- -- -- -- -- -- -- -0.0 -- -0.0 1.3 -- -- -- 1.3 -0.0 -1.317 Foreign deposits -14.1 -- -20.6 -- -- -- -- -- -34.8 -- -13.4 -- -- -240.9 -48.2 -240.9 -192.718 Interbank claims -- -- -- -- -- -- -- -- -- -- -401.8 -502.0 -90.8 -- -492.6 -502.0 -9.419 Checkable dep. and currency 144.7 -- 30.4 -- -8.8 -- 109.9 -- 276.2 -- -14.7 292.2 30.9 -- 292.5 292.2 -0.320 Time and savings deposits 460.9 -- 38.3 -- 13.6 -- 0.0 -- 512.7 -- -83.9 406.2 -22.6 -- 406.2 406.2 -- 21 Money market fund shares -45.7 -- 23.9 -- 11.7 -- -- -- -10.1 -- 38.9 30.1 1.3 -- 30.1 30.1 -- 22 Fed. funds and security RPs -- -- 4.4 -- 9.9 -- -- -- 14.2 -- 62.9 -25.1 -143.4 74.9 -66.3 49.8 116.123 Debt securities 177.6 -8.1 -2.1 408.6 28.1 10.2 -0.0 724.6 203.6 1135.3 617.1 163.2 434.5 -43.2 1255.2 1255.2 -- 24 Open market paper 0.2 -- -1.7 -5.4 -3.0 -- -- -- -4.5 -5.4 18.1 -42.7 -2.5 59.3 11.1 11.1 -- 25 Treasury securities 219.3 -- -1.3 -- 43.2 -- -- 724.4 261.2 724.4 414.9 -- 48.3 -- 724.4 724.4 -- 26 Agency- and GSE-backed sec. 199.9 -- -2.0 -- -22.4 -- 0.0 0.2 175.5 0.2 23.1 220.4 22.1 -- 220.6 220.6 -- 27 Municipal securities -60.2 -8.1 2.9 13.4 0.8 10.2 -- -- -56.5 15.5 65.2 -- 6.9 -- 15.5 15.5 -- 28 Corporate and fgn. bonds -181.5 -- -- 400.6 9.5 -- -0.0 -- -172.0 400.6 95.9 -14.5 359.7 -102.4 283.6 283.6 -- 29 Loans -53.7 397.1 6.9 397.3 12.4 0.3 105.6 0.0 71.2 794.7 726.3 2.6 23.2 23.4 820.7 820.7 -- 30 Depository inst. loans n.e.c. -- 100.5 -- 176.0 -- -- -- -- -- 276.5 280.6 -18.6 -- 22.7 280.6 280.6 -- 31 Other loans and advances -50.6 -76.6 -- -25.3 -- 0.3 2.9 -- -47.7 -101.6 -59.2 17.2 23.2 0.7 -83.7 -83.7 -- 32 Mortgages 0.3 140.5 7.7 246.6 12.4 -- -0.7 0.0 19.7 387.1 371.4 4.0 -- -- 391.1 391.1 -- 33 Consumer credit -3.4 232.7 -0.8 -- -- -- 103.4 -- 99.2 232.7 133.5 -- -- -- 232.7 232.7 -- 34 Corporate equities 1.1 -- -- -563.1 5.1 -- -0.0 -- 6.2 -563.1 37.1 232.8 -171.0 202.6 -127.7 -127.7 -- 35 Mutual fund shares 73.1 -- 7.4 -- 2.6 -- -- -- 83.1 -- 20.7 95.3 -8.5 -- 95.3 95.3 -- 36 Trade credit -- 1.2 37.5 12.8 0.9 40.1 12.7 12.8 51.1 67.0 8.7 8.4 14.2 -1.7 74.0 73.7 -0.337 Life insurance reserves 33.9 -- -- -- -- -- -- -0.1 33.9 -0.1 10.6 44.6 -- -- 44.5 44.5 -- 38 Pension entitlements 435.5 -- -- -- -- -- -- -- 435.5 -- -- 435.5 -- -- 435.5 435.5 -- 39 Taxes payable -- -- -- 7.2 9.0 -- 16.2 -- 25.2 7.2 -- -13.5 -- -- 25.2 -6.4 -31.640 Equity in noncorp. business 51.5 -- -- 49.2 -- -- -- -- 51.5 49.2 -- 2.3 -- -- 51.5 51.5 -- 41 U.S. direct investment abroad -- -- 296.7 -- -- -- -- -- 296.7 -- 25.8 -- -- 322.5 322.5 322.5 -- 42 Foreign direct investment in U.S. -- -- -- 321.9 -- -- -- -- -- 321.9 -- 31.3 353.3 -- 353.3 353.3 -- 43 Miscellaneous 33.9 1.5 855.0 698.0 11.2 256.0 14.4 29.6 914.5 985.1 271.4 -17.3 -- 10.5 1185.9 978.2 -207.744 Sector discrepancies (1 less 4) -360.3 -- 85.7 -- 8.6 -- -63.3 -- -329.3 -- -147.8 -- 398.6 -- -78.5 -- -78.5General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Summary

2

Z.1, September 16, 2016 Flow of Funds Matrix -- All Sectors -- Flows

Households State Domestic Domestic Instrument

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

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

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

1 Gross saving less net cap. transfers -- 156000105 -- 146000105 -- 206000105 -- 316000105 -- 386000105 -- 796000105 -- 266000105 -- 896000105 -- 2 Capital consumption -- 156300005 -- 146300005 -- 206300003 -- 316300003 -- 386300005 -- 796300005 -- -- -- 896300005 -- 3 Net saving (1 less 2) -- 156006305 -- 146006305 -- 206006305 -- 316006305 -- 386006305 -- 796006305 -- 266000105 -- 896006305 -- 4 Gross investment (5 plus 11) 155090005 -- 145090005 -- 205090005 -- 315090005 -- 385090005 -- 795090005 -- 265090005 -- 895090005 -- 9070050055 Capital expenditures 155050005 -- 145050005 -- 205050005 -- 315050005 -- 385050005 -- 795019005 -- 265420005 -- 895050005 -- 9060001056 Consumer durables 155111003 -- -- -- -- -- -- -- 155111003 -- -- -- -- -- 155111003 -- -- 7 Residential 155012005 -- 145012005 -- 215012063 -- 315012065 -- 385012005 -- 645012063 -- -- -- 885012005 -- -- 8 Nonresidential 165013005 -- 145013005 -- 215013005 -- 315013005 -- 385013005 -- 795013005 -- -- -- 885013005 -- -- 9 Inventory change -- -- 145020005 -- -- -- -- -- 145020005 -- -- -- -- -- 145020005 -- -- 10 Nonproduced nonfinancial assets 155420003 -- 105420005 -- 205420003 -- 315420003 -- 385420005 -- -- -- 265420005 -- -- -- -- 11 Net lending (+) or net borrowing (-) 155000005 -- 145000005 -- 215000005 -- 315000005 -- 385000005 -- 795000005 -- 265000005 -- 895000005 -- 90500000512 Total financial assets 154090005 -- 144090005 -- 214090005 -- 314090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- -- 13 Total liabilities -- 154190005 -- 144190005 -- 214190005 -- 314190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 -- 14 U.S. official reserve assets -- -- -- -- -- -- 313011005 313111303 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 -- 15 SDR certificates -- -- -- -- -- -- -- 713014003 -- 713014003 713014003 -- -- -- 713014003 713014003 -- 16 Treasury currency -- -- -- -- -- -- -- 313112003 -- 313112003 713012003 -- -- -- 713012003 313112003 90301200517 Foreign deposits 153091003 -- 103091003 -- -- -- -- -- 383091005 -- 633091003 -- -- 263191005 893091005 263191005 90309100518 Interbank claims -- -- -- -- -- -- -- -- -- -- 794010005 794110005 264016005 -- 894010005 794110005 90401000519 Checkable dep. and currency 153020005 -- 143020005 -- 213020005 -- 313020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 90302000520 Time and savings deposits 153030005 -- 143030005 -- 213030005 -- 313030003 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 21 Money market fund shares 153034005 -- 143034005 -- 213034003 -- -- -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 22 Fed. funds and security RPs -- -- 102051003 -- 212051003 -- -- -- 382051005 -- 792050005 792150005 262051003 262151003 892050005 892150005 90205000523 Debt securities 154022005 163162003 144022005 104122005 214022005 213162005 314022005 314122005 384022005 384122005 794022005 794122005 264022005 264122005 894122005 894122005 -- 24 Open market paper 163069103 -- 103069100 103169100 213069103 -- -- -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 25 Treasury securities 153061105 -- 143061105 -- 213061105 -- -- 313161105 383061105 313161105 793061105 -- 263061105 -- 313161105 313161105 -- 26 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 213061703 -- 313061703 313161705 383061705 313161705 793061705 423161705 263061705 -- 893161705 893161705 -- 27 Municipal securities 153062005 163162003 143062005 103162000 213062003 213162005 -- -- 383062005 383162005 793062005 -- 263062003 -- 383162005 383162005 -- 28 Corporate and fgn. bonds 153063005 -- -- 103163003 213063003 -- 313063763 -- 383063005 103163003 793063005 793163005 263063005 263163005 893163005 893163005 -- 29 Loans 154023005 154123005 144023005 144123005 213065005 213169203 314023005 313165403 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 30 Depository inst. loans n.e.c. -- 153168005 -- 143168005 -- -- -- -- -- 383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 31 Other loans and advances 153069005 153169005 -- 143169005 -- 213169203 313069005 -- 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 32 Mortgages 153065005 153165005 143065005 143165005 213065005 -- 313065005 313165403 383065005 383165005 793065005 643165005 -- -- 893065005 893065005 -- 33 Consumer credit 163066223 153166000 143066005 -- -- -- 313066220 -- 383066005 153166000 793066005 -- -- -- 153166000 153166000 -- 34 Corporate equities 153064105 -- -- 103164103 213064103 -- 313064105 -- 383064105 103164103 793064105 793164105 263064105 263164103 893064105 893064105 -- 35 Mutual fund shares 153064205 -- 103064203 -- 213064203 -- -- -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 36 Trade credit -- 163170003 143070005 143170005 213070003 213170003 313070000 313170005 383070005 383170005 793070005 663170003 263070003 263170003 893070005 893170005 90307000537 Life insurance reserves 153040005 -- -- -- -- -- -- 313140003 153040005 313140003 793040005 543140005 -- -- 883140005 883140005 -- 38 Pension entitlements 153050005 -- -- -- -- -- -- -- 153050005 -- -- 153050005 -- -- 153050005 153050005 -- 39 Taxes payable -- -- -- 143178005 213078005 -- 313078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 90307800540 Equity in noncorp. business 152090205 -- -- 112090205 -- -- -- -- 152090205 112090205 -- 662090205 -- -- 152090205 152090205 -- 41 U.S. direct investment abroad -- -- 103092005 -- -- -- -- -- 103092005 -- 793092005 -- -- 263192005 263192005 263192005 -- 42 Foreign direct investment in U.S. -- -- -- 143192005 -- -- -- -- -- 143192005 -- 793192005 263092001 -- 263092001 263092001 -- 43 Miscellaneous 153090005 543077073 143090005 143190005 213093003 223073045 313090005 313190005 383090005 383190005 793090005 793190005 -- 263190005 893090005 893190005 90309000544 Sector discrepancies (1 less 4) 157005005 -- 107005005 -- 217005005 -- 317005005 -- 387005005 -- 797005005 -- 267005005 -- 897005005 -- 907005005General Notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Summary

3

Z.1, September 16, 2016 Flow of Funds Matrix for 2015

(Billions of dollars; All Sectors -- Assets and Liabilities)

Households State Domestic Domestic Instrument

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

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

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

1 Total financial assets 71217.1 -- 23173.3 -- 3070.1 -- 2140.5 -- 99601.1 -- 86210.8 -- 22775.5 -- 208587.4 -- -8333.12 Total liabilities and equity -- 14509.5 -- 56435.7 -- 5726.9 -- 17645.7 -- 94317.8 -- 88699.3 -- 17237.1 -- 200254.2 -- 3 Total liabilities -- 14509.5 -- 24021.4 -- 5726.9 -- 17645.7 -- 61903.5 -- 81438.1 -- 10408.9 -- 153750.5 -- 4 U.S. official reserve assets -- -- -- -- -- -- 86.9 48.9 86.9 48.9 30.5 -- 48.9 106.4 166.4 155.4 -11.05 SDR certificates -- -- -- -- -- -- -- 5.2 -- 5.2 5.2 -- -- -- 5.2 5.2 -- 6 Treasury currency -- -- -- -- -- -- -- 25.3 -- 25.3 47.6 -- -- -- 47.6 25.3 -22.27 Foreign Deposits 31.6 -- 48.0 -- -- -- -- -- 79.6 -- 11.1 -- -- 585.9 90.7 585.9 495.28 Interbank claims -- -- -- -- -- -- -- -- -- -- 2051.5 2363.6 354.4 -- 2405.8 2363.6 -42.29 Checkable dep. and currency 1300.2 -- 1014.9 -- 132.5 -- 338.1 -- 2785.7 -- 337.7 3829.7 705.1 -- 3828.5 3829.7 1.210 Time and savings deposits 8345.8 -- 1057.3 -- 335.1 -- 1.8 -- 9740.0 -- 638.8 10854.9 476.1 -- 10854.9 10854.9 -- 11 Money market fund shares 1066.1 -- 668.7 -- 177.4 -- -- -- 1912.2 -- 728.1 2754.7 114.5 -- 2754.7 2754.7 -- 12 Fed. Funds and security RPs -- -- 26.0 -- 142.1 -- -- -- 168.1 -- 2544.2 2928.4 667.6 783.0 3379.8 3711.5 331.613 Debt securities 4568.6 220.8 191.4 5531.4 1338.7 3015.1 0.5 15165.6 6099.2 23932.9 23303.1 13110.8 10358.7 2717.3 39761.0 39761.0 -- 14 Open market paper 15.1 -- 54.7 176.5 63.3 -- -- -- 133.1 176.5 704.3 320.1 104.1 444.8 941.5 941.5 -- 15 Treasury securities 1144.8 -- 97.7 -- 666.4 -- -- 15141.1 1908.9 15141.1 7084.1 -- 6148.1 -- 15141.1 15141.1 -- 16 Agency- and GSE-backed sec. 545.6 -- 11.8 -- 416.0 -- 0.0 24.6 973.4 24.6 6282.1 8144.4 913.5 -- 8169.0 8169.0 -- 17 Municipal securities 1648.8 220.8 27.2 541.2 14.4 3015.1 -- -- 1690.3 3777.0 1999.2 -- 87.5 -- 3777.0 3777.0 -- 18 Corporate and fgn. Bonds 1214.4 -- -- 4813.7 178.7 -- 0.5 -- 1393.5 4813.7 7233.3 4646.2 3105.5 2272.5 11732.4 11732.4 -- 19 Loans 970.3 13998.8 119.7 7255.8 221.5 16.9 1264.4 0.0 2575.9 21271.5 20995.4 2131.0 193.9 362.6 23765.1 23765.1 -- 20 Depository inst. loans n.e.c. -- 325.7 -- 2110.7 -- -- -- -- -- 2436.4 3205.8 441.4 -- 328.0 3205.8 3205.8 -- 21 Other loans and advances 842.6 437.2 -- 1296.8 -- 16.9 198.2 -- 1040.9 1750.8 2004.9 1454.2 193.9 34.6 3239.6 3239.6 -- 22 Mortgages 83.5 9700.3 76.1 3848.2 221.5 -- 116.5 0.0 497.6 13548.5 13286.4 235.4 -- -- 13784.0 13784.0 -- 23 Consumer credit 44.2 3535.7 43.6 -- -- -- 949.7 -- 1037.4 3535.7 2498.3 -- -- -- 3535.7 3535.7 -- 24 Corporate equities 14158.2 -- -- 21681.4 178.0 -- 33.4 -- 14369.6 21681.4 15864.4 7246.6 5522.2 6828.2 35756.2 35756.2 -- 25 Mutual fund shares 6519.4 -- 235.7 -- 86.5 -- -- -- 6841.6 -- 5473.4 12897.2 582.2 -- 12897.2 12897.2 -- 26 Trade credit -- 259.4 3341.5 2622.3 183.6 862.7 61.2 261.9 3586.3 4006.3 140.9 26.3 175.6 44.7 3902.8 4077.3 174.627 Life insurance reserves 1310.6 -- -- -- -- -- -- 51.1 1310.6 51.1 205.2 1464.6 -- -- 1515.8 1515.8 -- 28 Pension entitlements 21247.6 -- -- -- -- -- -- -- 21247.6 -- -- 21247.6 -- -- 21247.6 21247.6 -- 29 Taxes payable -- -- -- 164.9 150.6 -- 181.3 -- 332.0 164.9 -- -56.1 -- -- 332.0 108.9 -223.130 Equity in noncorp. Business 10747.6 -- -- 10732.9 -- -- -- -- 10747.6 10732.9 -- 14.7 -- -- 10747.6 10747.6 -- 31 U.S. direct investment abroad -- -- 4807.2 -- -- -- -- -- 4807.2 -- 841.4 -- -- 5648.6 5648.6 5648.6 -- 32 Foreign direct investment in U.S. -- -- -- 2976.5 -- -- -- -- -- 2976.5 -- 599.9 3576.4 -- 3576.4 3576.4 -- 33 Miscellaneous 951.3 30.6 11662.8 5470.4 124.1 1832.3 173.0 2087.5 12911.2 9420.8 12992.3 7285.4 -- 160.3 25903.6 16866.4 -9037.1General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 24) and equity in noncorporate business (line 30). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability.
Summary

4 Z.1, September 16, 2016 Flow of Funds Matrix -- All Sectors -- Assets and Liabilities

Households State Domestic Domestic Instrument

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

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

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

1 Total financial assets 154090005 -- 144090005 -- 214090005 -- 314090005 -- 384090005 -- 794090005 -- 264090005 -- 894090005 -- 9070050152 Total liabilities and equity -- 154190005 -- 144194005 -- 214190005 -- 314190005 -- 384194005 -- 794194005 -- 264194005 -- 894194005 -- 3 Total liabilities -- 154190005 -- 144190005 -- 214190005 -- 314190005 -- 384190005 -- 794190005 -- 264190005 -- 894190005 -- 4 U.S. official reserve assets -- -- -- -- -- -- 313011005 313111303 313011005 313111303 713011005 -- 263011005 263111005 893011005 893111005 9030110055 SDR certificates -- -- -- -- -- -- -- 713014003 -- 713014003 713014003 -- -- -- 713014003 713014003 -- 6 Treasury currency -- -- -- -- -- -- -- 313112003 -- 313112003 713012003 -- -- -- 713012003 313112003 9030120057 Foreign Deposits 153091003 -- 103091003 -- -- -- -- -- 383091005 -- 633091003 -- -- 263191005 893091005 263191005 9030910058 Interbank claims -- -- -- -- -- -- -- -- -- -- 794010005 794110005 264016005 -- 894010005 794110005 9040100059 Checkable dep. and currency 153020005 -- 143020005 -- 213020005 -- 313020005 -- 383020005 -- 793020005 793120005 263020005 -- 893020005 793120005 90302000510 Time and savings deposits 153030005 -- 143030005 -- 213030005 -- 313030003 -- 383030005 -- 793030005 703130005 263030005 -- 703130005 703130005 -- 11 Money market fund shares 153034005 -- 143034005 -- 213034003 -- -- -- 383034005 -- 793034005 634090005 263034003 -- 634090005 634090005 -- 12 Fed. Funds and security RPs -- -- 102051003 -- 212051003 -- -- -- 382051005 -- 792050005 792150005 262051003 262151003 892050005 892150005 90205000513 Debt securities 154022005 163162003 144022005 104122005 214022005 213162005 314022005 314122005 384022005 384122005 794022005 794122005 264022005 264122005 894122005 894122005 -- 14 Open market paper 163069103 -- 103069100 103169100 213069103 -- -- -- 383069105 103169100 793069175 793169175 263069103 263169105 893169175 893169175 -- 15 Treasury securities 153061105 -- 143061105 -- 213061105 -- -- 313161105 383061105 313161105 793061105 -- 263061105 -- 313161105 313161105 -- 16 Agency- and GSE-backed sec. 153061705 -- 103061703 -- 213061703 -- 313061703 313161705 383061705 313161705 793061705 423161705 263061705 -- 893161705 893161705 -- 17 Municipal securities 153062005 163162003 143062005 103162000 213062003 213162005 -- -- 383062005 383162005 793062005 -- 263062003 -- 383162005 383162005 -- 18 Corporate and fgn. Bonds 153063005 -- -- 103163003 213063003 -- 313063763 -- 383063005 103163003 793063005 793163005 263063005 263163005 893163005 893163005 -- 19 Loans 154023005 154123005 144023005 144123005 213065005 213169203 314023005 313165403 384023005 384123005 794023005 794123005 263069500 264123005 894123005 894123005 -- 20 Depository inst. loans n.e.c. -- 153168005 -- 143168005 -- -- -- -- -- 383168005 793068005 793168005 -- 263168005 793068005 793068005 -- 21 Other loans and advances 153069005 153169005 -- 143169005 -- 213169203 313069005 -- 383069005 383169005 793069005 793169005 263069500 263169005 893169005 893169005 -- 22 Mortgages 153065005 153165005 143065005 143165005 213065005 -- 313065005 313165403 383065005 383165005 793065005 643165005 -- -- 893065005 893065005 -- 23 Consumer credit 163066223 153166000 143066005 -- -- -- 313066220 -- 383066005 153166000 793066005 -- -- -- 153166000 153166000 -- 24 Corporate equities 153064105 -- -- 103164103 213064103 -- 313064105 -- 383064105 103164103 793064105 793164105 263064105 263164103 893064105 893064105 -- 25 Mutual fund shares 153064205 -- 103064203 -- 213064203 -- -- -- 383064205 -- 793064205 653164205 263064203 -- 653164205 653164205 -- 26 Trade credit -- 163170003 143070005 143170005 213070003 213170003 313070000 313170005 383070005 383170005 793070005 663170003 263070003 263170003 893070005 893170005 90307000527 Life insurance reserves 153040005 -- -- -- -- -- -- 313140003 153040005 313140003 793040005 543140005 -- -- 883140005 883140005 -- 28 Pension entitlements 153050005 -- -- -- -- -- -- -- 153050005 -- -- 153050005 -- -- 153050005 153050005 -- 29 Taxes payable -- -- -- 143178005 213078005 -- 313078005 -- 383078005 143178005 -- 793178005 -- -- 893078005 893178005 90307800530 Equity in noncorp. Business 152090205 -- -- 112090205 -- -- -- -- 152090205 112090205 -- 662090205 -- -- 152090205 152090205 -- 31 U.S. direct investment abroad -- -- 103092005 -- -- -- -- -- 103092005 -- 793092005 -- -- 263192005 263192005 263192005 -- 32 Foreign direct investment in U.S. -- -- -- 143192005 -- -- -- -- -- 143192005 -- 793192005 263092001 -- 263092001 263092001 -- 33 Miscellaneous 153090005 543077073 143090005 143190005 213093003 223073045 313090005 313190005 383090005 383190005 793090005 793190005 -- 263190005 893090005 893190005 903090005General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 24) and equity in noncorporate business (line 30). The matrix shows a discrepancy in column 17 for monetary gold (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability.
S

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m

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Z.1, September 16, 2016 5

D.1 Debt Growth by Sector 1

In percent; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

Total Total mortgage credit Total Corporate governments government sectors Foreign

 FG384104005 FG154104005 FG153165105 FG153166000 FG144104005 FG104104005 FG214104005 FG314104005 FG794104005 FG264104005

1983 12.1 11.3 10.2 12.1 9.2 8.4 11.4 18.5 13.1 7.4

1984 14.8 12.6 11.4 18.4 16.1 16.6 11.4 16.8 17.7 3.5

1985 16.1 16.8 14.6 15.9 11.0 12.6 31.8 17.7 21.1 0.6

1986 12.0 11.5 13.7 9.1 11.5 13.9 10.9 13.9 24.9 3.0

1987 9.0 9.6 13.4 4.8 7.8 8.9 12.0 8.7 15.9 3.3

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

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

1990 6.6 6.9 8.8 1.9 3.6 5.3 5.0 11.0 8.6 2.8

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

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

1993 5.9 6.5 5.5 7.4 3.1 5.3 5.3 8.4 10.4 15.8

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

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

1996 5.2 6.9 6.2 9.0 5.5 5.2 -2.0 4.8 13.0 14.1

1997 5.6 6.5 6.1 5.5 8.5 8.6 4.9 1.5 12.1 10.8

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

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

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

2001 5.8 8.7 10.6 8.6 4.8 3.2 8.8 1.3 10.2 -2.4

2002 6.7 9.8 13.3 5.6 2.4 0.2 11.1 6.8 8.7 6.3

2003 7.7 12.1 14.5 5.3 1.0 -0.1 8.3 9.5 11.1 1.8

2004 9.2 11.7 13.5 5.6 5.9 3.4 11.5 8.3 9.5 8.6

2005 8.7 10.6 13.4 4.5 8.0 5.2 6.7 6.6 8.8 8.1

2006 8.4 10.5 11.2 5.2 9.8 7.3 4.4 3.9 10.4 21.2

2007 8.1 7.2 7.4 6.1 12.4 11.5 5.9 4.7 13.7 15.7

2008 5.8 -0.1 0.9 1.3 6.0 4.4 1.2 21.4 4.6 -9.9

2009 3.5 0.4 0.6 -3.6 -4.1 -5.2 4.3 20.4 -9.6 13.8

2010 4.4 -0.5 -1.7 -1.1 -0.7 -0.9 2.4 18.5 -5.2 7.4

2011 3.5 -0.5 -0.7 4.2 2.8 5.5 -1.5 10.8 -2.2 7.7

2012 5.0 1.9 -0.7 5.9 4.7 4.8 -0.2 10.1 -2.7 7.9

2013 3.8 1.7 0.0 6.0 4.7 5.9 -1.8 6.7 1.7 8.7

2014 4.3 3.1 0.4 7.2 6.1 6.8 -1.1 5.4 2.1 6.6

2015 4.5 2.8 1.4 7.0 6.7 6.2 0.3 5.0 1.1 -0.6

2010 -- Q1 3.8 -2.4 -3.7 -3.3 -1.2 -1.4 3.0 19.4 -5.8 7.9

 Q2 4.5 0.4 -0.5 -2.7 -3.4 -5.2 0.0 20.5 -6.4 -3.1

 Q3 4.6 -0.8 -1.7 -0.1 2.0 3.4 1.6 15.8 -4.4 5.6

 Q4 4.4 0.7 -0.9 1.7 -0.2 -0.1 4.8 13.7 -5.0 17.6

2011 -- Q1 2.8 1.0 -0.7 3.9 1.3 3.1 -2.7 8.0 -1.1 15.5

 Q2 1.6 -1.3 -0.5 3.4 2.9 5.8 -3.6 5.4 -2.5 15.2

 Q3 5.4 -2.3 -0.9 3.7 3.4 6.6 -0.1 18.2 -1.9 -3.2

 Q4 4.1 0.6 -0.9 5.6 3.4 6.2 0.3 10.1 -3.4 2.6

2012 -- Q1 5.3 2.0 -0.6 4.8 3.8 3.5 -0.5 11.9 -3.6 -0.7

 Q2 5.3 1.8 -0.6 6.8 3.4 2.6 1.5 11.9 -4.0 2.5

 Q3 4.2 0.9 -1.0 5.1 4.4 4.3 0.1 8.7 -1.7 13.8

 Q4 4.8 2.9 -0.7 6.6 6.7 8.3 -1.8 6.6 -1.5 14.3

2013 -- Q1 4.5 1.1 -0.4 6.2 3.7 4.5 -0.0 9.7 -0.3 12.8

 Q2 2.0 1.0 -0.3 5.1 4.4 5.3 -1.9 1.9 1.4 3.3

 Q3 3.5 3.0 0.6 6.5 6.7 9.1 -2.6 2.6 -0.1 7.8

 Q4 5.2 1.8 0.1 5.8 3.6 4.1 -2.7 11.9 5.9 10.6

2014 -- Q1 4.3 2.2 0.1 6.8 6.2 8.4 -2.3 6.4 -0.5 5.0

 Q2 4.2 4.9 0.3 7.6 5.0 4.6 -0.4 3.7 2.2 14.2

 Q3 5.1 2.8 0.2 7.1 6.4 7.7 -2.6 7.9 3.7 0.1

 Q4 3.5 2.2 1.0 6.5 6.3 5.8 0.7 3.1 3.2 6.0

2015 -- Q1 2.7 2.0 0.3 6.1 7.4 8.4 1.8 -0.3 -1.0 5.2

 Q2 4.4 4.0 2.1 7.9 7.9 8.3 0.5 2.7 2.0 1.8

 Q3 2.7 1.4 1.5 7.1 5.5 4.2 0.2 2.1 1.9 -5.9

 Q4 7.7 3.7 1.6 6.2 5.4 3.3 -1.2 15.4 1.4 -3.7

2016 -- Q1 5.4 2.7 2.0 5.6 9.4 11.1 0.8 5.6 3.8 -2.7

 Q2 4.4 4.4 2.5 6.4 4.1 2.9 2.2 5.0 3.7 -4.0

1. Debt securities and loans. Data shown are on an end-of-period basis.
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D.2 Borrowing by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted annual rates 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

Total Total mortgage credit Total Corporate governments government sectors Foreign

 FA384104005 FA154104005 FA153165105 FA153166000 FA144104005 FA104104005 FA214104005 FA314104005 FA794104005 FA264104005

1983 593.6 180.8 105.2 48.2 165.7 94.4 47.3 199.8 107.5 16.7

1984 810.6 221.6 127.6 81.7 320.8 207.1 52.5 215.7 164.7 8.0

1985 1014.1 330.3 181.7 84.0 254.7 184.3 163.6 265.6 232.8 1.4

1986 880.9 266.3 199.4 55.8 294.9 227.7 74.2 245.5 333.6 10.2

1987 735.6 247.3 221.6 32.3 223.7 165.6 90.4 174.2 267.8 11.4

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

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

1990 688.4 229.8 200.0 15.1 131.3 131.0 47.1 280.2 212.3 11.1

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

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

1993 727.1 262.2 156.3 61.4 113.7 134.3 57.9 293.2 326.7 67.5

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

1995 665.0 323.1 153.6 147.0 237.5 192.1 -60.8 165.3 463.7 76.4

1996 752.9 340.6 205.1 105.7 232.8 162.4 -20.5 200.0 570.7 89.0

1997 840.2 343.6 215.9 70.3 382.4 280.5 50.8 63.4 603.4 77.7

1998 1047.9 433.8 301.5 97.1 558.6 379.6 66.8 -11.4 1097.0 36.0

1999 1123.6 549.0 379.2 112.4 567.4 373.6 37.3 -30.1 1115.6 15.4

2000 874.9 581.6 383.5 176.5 551.4 359.0 16.9 -275.0 909.3 60.5

2001 1103.0 627.4 508.2 150.6 315.0 151.5 105.5 55.2 887.9 -21.1

2002 1352.6 763.9 706.0 105.2 162.1 10.2 144.6 282.1 842.6 53.6

2003 1650.9 1038.9 872.1 105.9 70.8 -3.1 120.5 420.7 1171.1 17.2

2004 2134.4 1132.7 934.4 117.2 417.9 163.2 181.0 402.8 1092.0 99.1

2005 2261.7 1145.1 1053.6 100.4 602.7 260.9 167.1 346.9 1117.2 103.9

2006 2395.1 1260.6 997.6 120.1 798.7 383.3 116.6 219.1 1421.3 286.7

2007 2499.4 947.2 733.4 150.6 1118.4 655.1 163.4 270.4 2071.3 260.9

2008 1926.6 -14.8 93.3 34.3 604.4 278.9 34.6 1302.5 798.6 -198.2

2009 1241.4 49.6 67.0 -94.6 -441.7 -344.6 127.7 1505.8 -1724.4 222.2

2010 1571.3 -75.3 -176.1 -28.1 -72.6 -53.1 73.2 1645.9 -856.4 149.0

2011 1302.0 -67.8 -73.0 111.1 279.0 335.8 -47.8 1138.7 -336.7 172.8

2012 1909.7 254.7 -70.3 164.1 480.5 305.3 -6.0 1180.6 -396.4 196.8

2013 1538.6 231.2 0.3 175.8 506.5 397.3 -56.3 857.3 254.8 246.5

2014 1807.4 415.0 38.1 221.8 691.3 484.8 -34.9 735.9 319.5 193.8

2015 1930.0 389.0 130.1 232.7 805.9 472.4 10.4 724.6 165.8 -19.8

2010 -- Q1 1358.8 -333.8 -384.4 -84.7 -126.4 -88.8 91.5 1727.7 -964.6 158.0

 Q2 1622.9 52.5 -55.2 -67.8 -343.7 -323.8 1.5 1912.5 -1014.4 -64.1

 Q3 1685.9 -112.7 -175.5 -3.0 204.6 207.9 48.9 1545.1 -683.1 115.9

 Q4 1617.4 92.9 -89.3 42.9 -24.8 -7.9 151.0 1398.4 -763.5 386.0

2011 -- Q1 1025.9 134.2 -66.2 102.3 132.1 187.5 -85.5 845.1 -166.6 349.3

 Q2 585.7 -171.8 -50.9 90.3 292.4 354.7 -113.4 578.6 -377.8 356.8

 Q3 2018.7 -308.4 -92.1 100.4 343.7 407.6 -2.8 1986.1 -284.4 -78.7

 Q4 1577.8 74.6 -83.0 151.2 347.8 393.4 10.5 1144.9 -517.8 63.7

2012 -- Q1 2022.2 263.2 -62.2 132.5 390.3 225.0 -15.4 1384.2 -531.3 -17.1

 Q2 2072.3 244.6 -57.4 190.4 357.7 169.6 45.2 1424.8 -593.4 63.3

 Q3 1656.8 121.6 -92.4 145.0 458.5 281.1 3.4 1073.4 -243.3 353.0

 Q4 1887.4 389.2 -69.3 188.4 715.4 545.5 -57.2 839.9 -217.6 388.1

2013 -- Q1 1800.1 151.2 -35.8 181.5 397.7 306.0 -1.5 1252.6 -47.5 361.4

 Q2 800.9 129.0 -31.2 150.9 481.3 364.0 -58.2 248.8 208.6 95.5

 Q3 1405.3 403.9 59.7 193.9 738.1 626.5 -81.5 344.9 -12.1 221.0

 Q4 2148.2 240.6 8.3 177.1 408.7 292.6 -84.0 1582.9 870.3 308.1

2014 -- Q1 1804.4 295.0 13.4 209.3 698.0 599.9 -69.9 881.3 -80.3 148.0

 Q2 1743.0 665.8 26.4 240.5 573.6 336.7 -11.8 515.4 329.6 431.9

 Q3 2167.3 391.1 17.5 226.5 747.9 567.5 -78.8 1107.2 550.2 4.3

 Q4 1515.0 308.2 95.1 210.9 745.8 434.8 21.1 439.9 478.7 190.9

2015 -- Q1 1188.3 283.3 29.8 203.9 888.3 639.7 54.7 -37.9 -152.2 166.5

 Q2 1928.7 552.6 197.6 266.6 968.4 644.6 16.6 391.1 305.6 58.6

 Q3 1186.7 197.7 142.1 244.1 682.6 337.1 6.1 300.2 290.2 -189.6

 Q4 3416.2 522.5 151.1 216.3 684.5 268.1 -35.6 2244.8 219.5 -114.8

2016 -- Q1 2462.6 379.8 192.1 199.1 1208.0 901.8 22.9 851.9 586.1 -83.0

 Q2 1999.0 622.4 240.9 230.3 540.4 244.2 65.8 770.5 571.0 -126.5

1. Debt securities and loans.
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D.3 Debt Outstanding by Sector 1

Billions of dollars; quarterly figures are seasonally adjusted 

Domestic nonfinancial sectors

 

 Households Business State and Domestic 

Home Consumer local Federal financial

Total Total mortgage credit Total Corporate governments government sectors Foreign

 LA384104005 LA154104005 LA153165105 LA153166000 LA144104005 LA104104005 LA214104005 LA314104005 LA794104005 LA264104005

1983 5492.1 1754.0 1116.4 444.9 1996.2 1247.2 461.1 1280.8 931.1 228.2

1984 6302.3 1971.6 1243.3 526.6 2320.6 1458.0 513.6 1496.5 1104.5 228.1

1985 7334.6 2322.7 1450.2 610.6 2572.0 1638.9 677.9 1762.0 1338.2 335.0

1986 8212.6 2586.9 1649.0 666.4 2866.0 1865.8 752.1 2007.5 1679.8 346.1

1987 8930.6 2788.9 1828.6 698.6 3117.4 2059.2 842.6 2181.7 1959.9 357.2

1988 9747.9 3079.8 2054.8 745.2 3405.5 2263.5 893.0 2369.6 2213.7 393.1

1989 10482.9 3347.6 2260.1 809.3 3644.3 2454.1 940.4 2550.5 2479.1 389.2

1990 11198.6 3606.6 2489.3 824.4 3773.8 2583.3 987.4 2830.8 2694.5 396.2

1991 11722.5 3810.1 2667.4 815.6 3686.4 2524.4 1078.6 3147.4 2884.4 406.2

1992 12278.2 4012.8 2840.4 824.8 3679.1 2543.6 1095.1 3491.1 3129.9 425.8

1993 13020.0 4277.4 2999.0 886.2 3805.2 2690.4 1153.0 3784.3 3462.0 520.6

1994 13701.9 4600.1 3165.5 1021.2 4016.5 2887.2 1107.5 3977.8 3932.7 500.4

1995 14382.8 4923.1 3319.2 1168.2 4269.8 3095.2 1046.7 4143.1 4399.4 630.7

1996 15135.7 5276.8 3537.3 1273.9 4489.7 3244.6 1026.2 4343.1 4970.2 720.9

1997 15973.9 5620.4 3753.2 1344.2 4870.0 3523.0 1076.9 4406.5 5553.5 801.7

1998 17021.7 6054.2 4054.7 1441.3 5428.6 3902.6 1143.8 4395.1 6650.5 842.4

1999 18179.6 6603.2 4431.6 1553.6 6030.5 4310.6 1181.0 4365.0 7763.8 803.9

2000 19064.4 7194.7 4813.9 1741.3 6581.9 4669.6 1197.9 4090.0 8674.1 867.6

2001 20150.5 7822.0 5322.0 1891.8 6879.9 4804.1 1303.4 4145.2 9688.2 849.4

2002 21503.1 8585.9 6028.0 1997.0 7041.9 4814.3 1447.9 4427.3 10530.8 955.7

2003 23198.2 9654.9 6909.8 2102.9 7126.8 4825.3 1568.4 4848.0 11537.2 1156.6

2004 26116.5 10812.9 7859.1 2220.1 7568.8 5012.5 2483.9 5250.9 12644.1 1285.2

2005 28365.2 11958.0 8912.7 2320.6 8171.5 5273.4 2651.0 5584.8 13706.7 1350.5

2006 30800.3 13237.9 9910.3 2456.7 8990.9 5677.5 2767.6 5803.9 15095.0 1657.9

2007 33276.6 14157.1 10613.0 2609.9 10114.2 6339.1 2931.0 6074.3 17277.1 1996.6

2008 35065.4 14015.9 10580.1 2644.2 10707.0 6613.0 2965.6 7376.8 17995.6 1604.4

2009 35918.6 13773.1 10419.5 2555.4 10169.7 6184.3 3093.3 8882.6 16545.6 2005.9

2010 37232.9 13522.8 9921.7 2647.2 10015.1 6064.3 3166.5 10528.6 15331.1 2257.9

2011 38386.5 13313.8 9702.2 2758.3 10286.7 6400.1 3118.7 11667.3 14916.4 2484.9

2012 40133.1 13366.3 9491.4 2920.4 10806.3 6748.9 3112.7 12847.8 14705.3 2834.0

2013 41564.0 13509.7 9403.9 3096.2 11292.8 7130.7 3056.4 13705.1 14895.6 2957.8

2014 43324.4 13879.8 9397.1 3318.0 11982.0 7615.9 3021.5 14441.1 15195.7 3206.2

2015 45204.4 14219.6 9479.6 3535.7 12787.2 8090.0 3032.0 15165.6 15241.8 3079.9

2010 -- Q1 36268.6 13683.9 10275.4 2537.8 10154.1 6179.3 3116.1 9314.6 15769.8 2067.0

 Q2 36624.5 13649.5 10214.1 2520.9 10065.8 6098.4 3116.5 9792.7 15493.4 2055.5

 Q3 37002.1 13579.8 10128.7 2520.1 10114.6 6150.4 3128.7 10179.0 15301.9 2194.4

 Q4 37232.9 13522.8 9921.7 2647.2 10015.1 6064.3 3166.5 10528.6 15331.1 2257.9

2011 -- Q1 37448.6 13517.4 9866.2 2672.8 10046.2 6111.1 3145.1 10739.8 15270.6 2348.7

 Q2 37559.9 13441.3 9814.9 2695.4 10117.3 6199.8 3116.8 10884.5 15152.3 2476.9

 Q3 38028.0 13329.4 9757.2 2720.5 10201.5 6301.7 3116.1 11381.0 15062.7 2456.8

 Q4 38386.5 13313.8 9702.2 2758.3 10286.7 6400.1 3118.7 11667.3 14916.4 2484.9

2012 -- Q1 38851.2 13347.3 9652.0 2791.4 10375.7 6447.0 3114.8 12013.3 14829.3 2526.1

 Q2 39325.9 13366.9 9598.1 2837.0 10463.4 6489.4 3126.1 12369.5 14660.9 2555.3

 Q3 39694.8 13301.9 9539.3 2873.3 10628.1 6611.6 3127.0 12637.9 14767.7 2718.5

 Q4 40133.1 13366.3 9491.4 2920.4 10806.3 6748.9 3112.7 12847.8 14705.3 2834.0

2013 -- Q1 40555.5 13377.8 9456.2 2965.7 10904.4 6825.3 3112.3 13161.0 14677.9 2891.2

 Q2 40730.0 13385.6 9423.9 3003.5 11023.5 6916.3 3097.8 13223.2 14715.1 2826.0

 Q3 41059.3 13465.6 9417.9 3051.9 11206.9 7072.9 3077.4 13309.4 14698.9 2897.8

 Q4 41564.0 13509.7 9403.9 3096.2 11292.8 7130.7 3056.4 13705.1 14895.6 2957.8

2014 -- Q1 42000.2 13569.4 9393.2 3148.5 11466.4 7280.4 3038.9 13925.5 14866.9 3035.8

 Q2 42423.4 13724.0 9387.9 3208.6 11609.2 7364.6 3036.0 14054.3 14943.0 3209.1

 Q3 42948.2 13810.3 9380.8 3265.3 11790.6 7501.5 3016.2 14331.1 15079.5 3158.7

 Q4 43324.4 13879.8 9397.1 3318.0 11982.0 7615.9 3021.5 14441.1 15195.7 3206.2

2015 -- Q1 43603.6 13933.6 9387.5 3369.0 12203.2 7775.7 3035.2 14431.6 15150.9 3228.0

 Q2 44073.7 14060.3 9425.3 3435.6 12444.7 7936.8 3039.3 14529.4 15220.3 3195.4

 Q3 44360.5 14100.3 9451.5 3496.6 12614.9 8021.1 3040.9 14604.4 15286.3 3118.3

 Q4 45204.4 14219.6 9479.6 3535.7 12787.2 8090.0 3032.0 15165.6 15241.8 3079.9

2016 -- Q1 45810.6 14305.5 9518.6 3585.5 13088.8 8315.3 3037.7 15378.6 15382.7 3163.1

 Q2 46300.8 14452.1 9569.8 3643.1 13223.4 8376.4 3054.1 15571.2 15518.0 3187.5

1. Debt securities and loans. Data shown are on an end-of-period basis.
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B.1 Derivation of U.S. Net Wealth

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL892090005 U.S. net wealth (1) 73546.8 77778.9 79623.1 79284.5 79739.5 77621.9 79623.1 79887.7 81130.8 1

 2 FL152010005 Households’ direct holdings of nonfinancial assets 27228.0 28701.2 30462.6 29190.2 29597.3 30008.4 30462.6 30896.7 31419.8 2

 3 LM155035005 Real estate 21849.2 23195.1 24756.0 23639.2 23979.5 24350.5 24756.0 25120.8 25594.7 3

 4 FL165015205 Equipment (nonprofits) 311.6 320.4 331.0 323.9 326.2 328.7 331.0 333.0 334.6 4

 5 FL165013765 Intellectual property products (nonprofits) 126.0 132.8 138.9 134.9 136.7 138.1 138.9 140.9 143.2 5

 6 FL155111005 Consumer durable goods 4941.2 5052.9 5236.8 5092.2 5154.9 5191.1 5236.8 5301.9 5347.4 6

 7 FL112010005 Nonfin. noncorporate businesses nonfinancial assets 10848.0 11548.9 12352.6 11822.8 11986.1 12160.8 12352.6 12413.0 12563.5 7

 8 LM115035005 Real estate 9536.1 10180.8 10979.1 10446.1 10603.2 10785.8 10979.1 11062.6 11233.6 8

 9 FL115015205 Equipment 810.7 849.1 879.5 859.6 868.7 873.0 879.5 874.8 873.4 9

 10 FL115013765 Intellectual property products 214.3 222.7 233.0 228.6 231.5 233.2 233.0 217.6 198.6 10

 11 FL115020005 Inventories 286.8 296.3 261.0 288.5 282.7 268.8 261.0 258.1 257.9 11

 12 FL662090205 Fin. noncorporate businesses nonfinancial assets (2) 16.3 17.9 14.7 17.6 16.8 17.5 14.7 12.3 10.9 12

 13 LM883164105 Market value of domestic corporations (3) 26989.0 29960.4 28928.0 30481.3 30173.5 27608.3 28928.0 28833.8 29408.3 13

 14 LM103164103 Nonfinancial corporate equity 20560.6 22679.7 21681.4 23067.0 22699.8 20654.6 21681.4 21781.3 22152.0 14

 15 LM793164105 Financial corporate equity 6428.4 7280.7 7246.6 7414.3 7473.7 6953.7 7246.6 7052.5 7256.3 15

 16 FL312010095 Federal government nonfinancial assets (4) 3217.1 3269.3 3268.0 3273.4 3269.0 3269.1 3268.0 3263.3 3275.3 16

 17 FL315014665 Structures 1481.4 1511.6 1508.2 1510.8 1508.7 1508.8 1508.2 1499.5 1507.0 17

 18 FL315013265 Equipment 734.4 745.7 743.3 747.1 742.5 742.3 743.3 742.9 742.8 18

 19 FL315013765 Intellectual property products 1001.3 1012.0 1016.4 1015.5 1017.8 1017.9 1016.4 1020.9 1025.6 19

 20 FL212010095 State and local governments nonfinancial assets (4) 9710.3 9969.0 10135.7 9991.9 10078.7 10130.5 10135.7 10132.9 10256.9 20

 21 FL215014665 Structures 9341.5 9594.3 9755.8 9615.5 9701.0 9751.3 9755.8 9752.1 9874.3 21

 22 FL215013265 Equipment 247.7 249.5 249.5 250.1 250.0 250.1 249.5 249.0 249.4 22

 23 FL215013765 Intellectual property products 121.2 125.2 130.4 126.4 127.6 129.1 130.4 131.8 133.1 23

 24 FL882090265 Net U.S. financial claims on the rest of the world -4461.9 -5687.8 -5538.4 -5492.9 -5381.8 -5572.6 -5538.4 -5664.3 -5803.9 24

 25 FL264194005 U.S. financial claims on the rest of the world 16635.6 17286.0 17237.1 17831.4 17948.3 17183.8 17237.1 17448.1 17673.0 25

 26 LM263164103 U.S. holdings of foreign corporate equities 6472.9 6770.6 6828.2 7188.5 7353.3 6605.6 6828.2 6737.3 6703.5 26

 27 FL264190005 Other U.S. financial claims 10162.7 10515.4 10408.9 10642.9 10595.0 10578.2 10408.9 10710.8 10969.6 27

 28 FL264090005 Less: Foreign financial claims on U.S. 21097.5 22973.9 22775.5 23324.2 23330.1 22756.4 22775.5 23112.4 23476.9 28

 29 LM263064105 Foreign holdings of U.S. corporate equities 5204.4 5921.5 5522.2 5972.6 5888.4 5393.3 5522.2 5421.9 5488.5 29

 30 FL264090035 Other foreign financial claims 15893.1 17052.4 17253.3 17351.7 17441.7 17363.1 17253.3 17690.4 17988.5 30

 Memo:

 31 FL892090005 A. U.S. net wealth (line 1) 73546.8 77778.9 79623.1 79284.5 79739.5 77621.9 79623.1 79887.7 81130.8 31

 32 FC892090005 Change in U.S. net wealth 9468.1 4232.2 1844.2 1505.5 455.1 -2117.6 2001.2 264.6 1243.1 32

 33 PC892090005 Percent change in U.S. net wealth 14.8 5.8 2.4 1.9 0.6 -2.7 2.6 0.3 1.6 33

 34 FL152090005 B. Household net worth (5) 78908.9 83944.0 87170.2 85825.4 86403.0 85088.8 87170.2 87987.7 89062.7 34

 35 FC152090005 Change in household net worth 9487.1 5035.1 3226.3 1881.4 577.7 -1314.2 2081.5 817.5 1075.0 35

 36 PC152090005 Percent change in household net worth 13.7 6.4 3.8 2.2 0.7 -1.5 2.4 0.9 1.2 36

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

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

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

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

 because of differences in the valuation of assets.

(4) Excludes land and nonproduced nonfinancial assets.

(5) Household net worth is calculated as the difference between total assets and liabilities of the household and nonprofit organizations sector. See table B.101.
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F.2 Distribution of Gross Domestic Product (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA086902005 Gross Domestic Product (GDP) 16691.5 17393.1 18036.6 17783.6 17998.3 18141.9 18222.8 18281.6 18436.5 1

 2 FA156901001 Personal consumption expenditures (2) 11361.2 11863.4 12283.7 12098.9 12240.2 12356.9 12438.8 12498.0 12695.1 2

 3 FA155011001 Durable goods 1241.7 1294.8 1355.2 1331.0 1353.3 1364.7 1371.8 1366.6 1390.4 3

 4 FA156901035 Nondurable goods 2592.8 2675.7 2656.9 2625.6 2657.4 2678.3 2666.3 2642.0 2695.6 4

 5 FA156901041 Services 7526.7 7892.9 8271.6 8142.2 8229.5 8313.9 8400.6 8489.3 8609.0 5

 6 FA835019905 Gross private domestic investment 2706.3 2886.5 3056.6 3044.6 3049.9 3072.1 3059.9 3036.8 2973.6 6

 7 FA835019005 Fixed investment (3) 2613.9 2821.0 2963.2 2915.7 2944.7 2995.3 2997.2 2994.8 2992.2 7

 8 FA835013001 Nonresidential 2094.4 2251.0 2311.3 2297.6 2304.9 2331.5 2311.3 2292.4 2294.0 8

 9 FA165013005 Household sector (nonprofit organizations) 137.8 137.0 145.8 145.2 148.6 146.7 142.6 143.0 145.4 9

 10 FA105013005 Nonfinancial corporate business 1498.6 1618.3 1646.3 1638.6 1643.1 1659.5 1644.1 1631.6 1634.9 10

 11 FA115013005 Nonfinancial noncorporate business 256.7 277.9 280.7 280.8 278.7 282.4 280.8 275.4 271.9 11

 12 FA795013005 Financial institutions 201.3 217.7 238.5 233.0 234.5 242.8 243.8 242.5 241.7 12

 13 FA835012001 Residential 519.5 570.0 651.9 618.1 639.8 663.8 685.9 702.4 698.2 13

 14 FA155012005 Household sector 433.4 473.8 542.3 513.6 532.0 552.5 571.2 588.2 590.6 14

 15 FA105012005 Nonfinancial corporate business -8.6 -0.6 8.3 -3.0 -0.4 26.9 9.8 6.2 -10.5 15

 16 FA115012005 Nonfinancial noncorporate business 79.7 89.1 101.3 96.6 99.6 102.9 106.1 109.3 109.7 16

 17 FA645012063 REITs 15.0 7.8 -0.0 10.9 8.6 -18.5 -1.1 -1.3 8.4 17

 18 FA145020005 Change in private inventories 92.4 65.4 93.4 129.0 105.2 76.8 62.7 41.9 -18.6 18

 19 FA105020005 Nonfinancial corporate business 73.6 57.9 81.2 110.2 91.3 66.6 56.5 40.8 -8.0 19

 20 FA115020005 Nonfinancial noncorporate business 18.8 7.6 12.2 18.8 13.8 10.2 6.2 1.1 -10.6 20

 21 FA266903005 Net U.S. exports of goods and services -492.0 -508.8 -522.0 -534.7 -508.9 -523.4 -520.9 -507.4 -495.5 21

 22 FA266903011 Exports 2276.6 2375.3 2264.3 2287.8 2298.6 2259.1 2211.7 2179.0 2206.8 22

 23 FA266903001 - Imports 2768.6 2884.1 2786.3 2822.4 2807.5 2782.5 2732.6 2686.3 2702.3 23

 Government consumption expenditures and

 24 FA366902005 gross investment 3116.1 3152.1 3218.3 3174.7 3217.2 3236.3 3245.0 3254.3 3263.4 24

 25 FA366901005 Consumption expenditures (4) 2523.7 2557.6 2604.9 2575.8 2600.2 2617.1 2626.5 2623.0 2643.9 25

 26 FA316901001 Federal 961.0 955.9 963.7 960.1 961.7 965.1 968.0 969.0 974.8 26

 27 FA206901001 State and local 1562.7 1601.6 1641.2 1615.7 1638.4 1652.1 1658.5 1654.0 1669.1 27

 28 FA365019005 Gross investment (4) 592.3 594.5 613.4 598.9 617.0 619.2 618.5 631.3 619.5 28

 29 FA315019001 Federal 268.4 262.9 261.2 258.7 260.4 260.0 266.0 264.8 264.4 29

 30 FA205019001 State and local 323.9 331.6 352.2 340.2 356.6 359.2 352.6 366.5 355.1 30

 Memo:

 31 FA266904005 Net U.S. income receipts from rest of world 244.3 248.1 205.7 217.1 203.8 190.6 211.4 172.5 196.0 31

 32 FA266904001 U.S. income receipts 825.5 852.1 813.1 809.1 827.7 817.2 798.5 807.0 827.7 32

 33 FA266904101 - U.S. income payments 581.3 604.0 607.4 592.1 623.9 626.6 587.1 634.5 631.7 33

 Gross National Product (GNP) =

 34 FA086902105 GDP + net U.S. income receipts 16935.8 17641.2 18242.4 18000.7 18202.0 18332.5 18434.1 18454.2 18632.5 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 FA155420003 Household sector -7.9 -8.0 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 35

 36 FA105420005 Nonfinancial corporate business 1.4 1.8 29.9 -0.3 120.5 -0.2 -0.3 -0.6 32.0 36

 37 FA315420003 Federal government -2.4 -2.7 -30.9 -0.6 -121.5 -0.7 -0.6 -0.4 -33.1 37

 38 FA205420003 State and local governments 9.0 8.9 9.2 9.1 9.2 9.2 9.2 9.2 9.2 38

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

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

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

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

(4) Government inventory investment is included in consumption expenditures.
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F.3 Distribution of National Income (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA086010005 National Income 14444.8 15153.9 15665.3 15501.1 15599.2 15724.4 15836.2 15844.9 15956.6 1

 2 FA156025105 Compensation of employees 8842.4 9253.4 9693.1 9502.3 9637.6 9740.0 9892.4 9892.6 10004.7 2

 3 FA156020101 Wages and salaries 7116.7 7476.3 7854.8 7692.0 7808.8 7893.9 8024.6 8011.3 8103.9 3

 4 FA156401101 Supplements to wages and salaries 1725.8 1777.1 1838.2 1810.3 1828.7 1846.1 1867.8 1881.3 1900.8 4

 5 FA146111105 Proprietors’ income with IVA and CCAdj 1284.7 1337.7 1376.8 1351.1 1366.1 1389.0 1400.9 1403.9 1410.7 5

 6 FA116112103 Rental income of persons with CCAdj 567.1 606.1 659.6 636.5 656.6 668.1 677.3 692.8 702.4 6

 7 FA096060035 Corporate profits with IVA and CCAdj 2032.9 2152.1 2088.1 2177.0 2112.4 2095.4 1967.5 2033.5 2009.4 7

 8 FA096060025 Corporate profits with IVA 2159.4 2265.9 2192.4 2284.5 2214.9 2200.5 2069.8 2139.2 2115.4 8

 9 FA096060005 Profits before tax 2156.1 2262.9 2137.6 2203.1 2208.0 2140.8 1998.4 2078.0 2166.6 9

 10 FA106060005 Domestic nonfinancial 1314.8 1371.6 1258.6 1305.7 1321.2 1277.2 1130.1 1229.3 1284.0 10

 11 FA796060005 Domestic financial 429.4 480.3 493.2 507.9 504.2 489.1 471.8 479.1 486.1 11

 12 FA266060005 Rest of the world 411.8 411.0 385.8 389.5 382.6 374.5 396.5 369.6 396.5 12

 Less:

 13 FA096231001 Taxes on corporate income 467.7 532.7 553.8 566.4 543.8 530.0 574.9 527.5 539.7 13

 14 FA106231005 Domestic nonfinancial 283.6 313.7 308.1 326.5 322.1 306.1 277.6 312.7 319.1 14

 15 FA796231003 Domestic financial 184.1 219.1 245.7 239.9 221.7 223.9 297.3 214.8 220.7 15

 Equals:

 16 FA096060015 Profits after tax 1688.4 1730.1 1583.8 1636.7 1664.3 1610.8 1423.4 1550.5 1626.9 16

 17 FA096121073 Net dividends 929.4 970.6 971.4 989.7 963.0 976.8 956.0 963.3 955.1 17

 18 FA106121075 Domestic nonfinancial 531.9 579.6 608.0 594.4 594.2 617.9 625.5 626.8 609.5 18

 19 FA796121073 Domestic financial 259.0 250.4 233.0 277.2 230.0 219.9 204.9 211.2 184.8 19

 20 FA266121073 Rest of the world 138.4 140.6 130.4 118.1 138.9 138.9 125.5 125.3 160.8 20

 21 FA096006401 Undistributed profits 759.0 759.5 612.4 646.9 701.2 634.0 467.5 587.2 671.8 21

 22 FA106006405 Domestic nonfinancial 499.4 478.4 342.5 384.9 405.0 353.2 226.9 289.8 355.4 22

 23 FA796006403 Domestic financial -13.7 10.7 14.5 -9.3 52.5 45.3 -30.4 53.1 80.7 23

 24 FA266006403 Rest of the world 273.4 270.4 255.4 271.3 243.7 235.5 270.9 244.3 235.8 24

 25 FA105020601 Inventory valuation adjustment (IVA) 3.3 3.0 54.8 81.4 6.8 59.7 71.4 61.2 -51.2 25

 26 FA096310003 Capital consumption adjustment (CCAdj) -126.6 -113.9 -104.3 -107.5 -102.5 -105.2 -102.2 -105.7 -106.0 26

 27 FA106310005 Domestic nonfinancial -88.6 -77.7 -63.7 -69.3 -62.7 -63.4 -59.6 -63.8 -64.2 27

 28 FA796310003 Domestic financial -38.0 -36.1 -40.6 -38.2 -39.8 -41.8 -42.7 -41.9 -41.8 28

 29 FA086130003 Net interest and miscellaneous payments 504.6 533.7 524.1 546.2 521.5 525.2 503.7 493.1 484.9 29

 30 FA366240005 Taxes on production and imports 1174.9 1210.2 1237.6 1227.6 1235.8 1239.9 1247.3 1249.8 1261.4 30

 31 FA366402005 Less: Subsidies 59.3 56.7 56.6 55.6 56.2 57.4 57.3 58.3 59.6 31

 32 FA146403005 Business current transfer payments (net) 118.4 137.6 161.4 134.0 143.7 143.2 224.5 158.1 165.9 32

 33 FA156403101 To persons (net) 41.1 45.5 51.4 49.9 51.3 52.1 52.4 52.6 53.0 33

 34 FA366403145 To government (net) 90.8 100.3 110.7 87.8 94.2 89.0 171.9 103.0 106.6 34

 35 FA266403101 To rest of the world (net) -13.5 -8.2 -0.8 -3.7 -1.8 2.1 0.2 2.5 6.3 35

 36 FA366402105 Current surplus of government enterprises -20.9 -20.2 -18.8 -18.0 -18.2 -18.9 -20.1 -20.5 -23.2 36

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

 37 FA086010005 National Income, from line 1 above 14444.8 15153.9 15665.3 15501.1 15599.2 15724.4 15836.2 15844.9 15956.6 37

 Plus:

 38 FA836300005 Private consumption of fixed capital 2122.4 2227.8 2308.3 2279.4 2293.3 2320.7 2339.6 2350.3 2373.5 38

 39 FA366300005 Government consumption of fixed capital 506.5 517.4 522.5 521.1 522.4 523.5 523.2 523.3 526.7 39

 40 FA087005005 Statistical discrepancy -137.9 -258.0 -253.7 -300.9 -212.9 -236.1 -264.8 -264.3 -224.2 40

 Less:

 41 FA266904005 Net U.S. income receipts from rest of world 244.3 248.1 205.7 217.1 203.8 190.6 211.4 172.5 196.0 41

 Equals:

 42 FA086902005 Gross Domestic Product 16691.5 17393.1 18036.6 17783.6 17998.3 18141.9 18222.8 18281.6 18436.5 42

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
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F.4 Saving and Investment by Sector (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA886000115 Gross saving 3050.5 3337.2 3446.3 3465.4 3426.9 3421.0 3472.0 3419.9 3350.3 1

 2 FA896006005 Net saving 421.6 592.0 615.5 664.9 611.2 576.8 609.2 546.3 450.2 2

 3 FA836006005 Net private saving 1255.9 1374.8 1346.5 1356.5 1379.1 1387.1 1263.4 1388.2 1310.5 3

 4 FA826006005 Domestic business 635.8 648.7 562.9 620.8 605.6 588.6 436.6 542.7 514.6 4

 5 FA106012005 Nonfinancial corporate business 641.8 634.2 551.5 596.1 557.0 569.6 483.2 531.3 490.8 5

 6 FA796012005 Financial business -6.0 14.5 11.4 24.8 48.5 18.9 -46.6 11.4 23.9 6

 7 FA156006005 Households and institutions 620.1 726.0 783.6 735.6 773.5 798.5 826.8 845.5 795.9 7

 8 FA366006005 Net government saving -834.4 -782.7 -731.0 -691.6 -767.9 -810.3 -654.2 -841.9 -860.3 8

 9 FA316006005 Federal -643.8 -612.9 -569.7 -534.5 -578.9 -622.3 -543.1 -668.3 -667.6 9

 10 FA206006005 State and local -190.5 -169.8 -161.3 -157.1 -189.0 -187.9 -111.1 -173.6 -192.7 10

 11 FA886300095 Consumption of fixed capital 2628.9 2745.2 2830.8 2800.5 2815.7 2844.2 2862.8 2873.6 2900.1 11

 12 FA836300005 Private 2122.4 2227.8 2308.3 2279.4 2293.3 2320.7 2339.6 2350.3 2373.5 12

 13 FA826300003 Domestic business 1694.7 1771.5 1836.5 1812.7 1824.8 1846.7 1861.7 1870.4 1886.9 13

 14 FA106300083 Nonfinancial corporate business 1228.1 1282.8 1329.6 1313.8 1321.5 1336.5 1346.6 1356.4 1367.6 14

 15 FA116300001 Nonfinancial noncorporate business 284.4 298.6 308.7 305.5 307.2 309.9 312.1 313.8 316.7 15

 16 FA796300081 Financial business 182.2 190.2 198.2 193.3 196.1 200.2 203.0 200.1 202.6 16

 17 FA156300003 Households and institutions 427.7 456.3 471.8 466.7 468.5 474.0 477.9 479.9 486.5 17

 18 FA366300005 Government 506.5 517.4 522.5 521.1 522.4 523.5 523.2 523.3 526.7 18

 19 FA316300003 Federal 268.0 271.3 271.5 272.1 271.6 271.4 270.8 270.7 271.4 19

 20 FA206300003 State and local 238.5 246.1 251.0 249.0 250.8 252.1 252.3 252.6 255.2 20

 Gross domestic investment, capital account

 21 FA885090015 transactions, and net lending, NIPAs 2912.5 3079.3 3192.6 3164.5 3214.0 3184.9 3207.1 3155.6 3126.2 21

 22 FA885019905 Gross domestic investment 3298.6 3481.0 3670.0 3643.6 3666.9 3691.3 3678.4 3668.1 3593.1 22

 23 FA835019905 Gross private domestic investment 2706.3 2886.5 3056.6 3044.6 3049.9 3072.1 3059.9 3036.8 2973.6 23

 24 FA825019905 Domestic business 2135.1 2275.6 2368.5 2385.8 2369.3 2372.9 2346.1 2305.6 2237.7 24

 25 FA105019985 Nonfinancial corporate business 1578.5 1683.4 1735.8 1762.7 1741.6 1731.5 1707.2 1672.6 1616.6 25

 26 FA115050085 Nonfinancial noncorporate business 355.3 374.5 394.2 390.1 393.2 398.6 395.1 390.5 379.3 26

 27 FA795013005 Financial business 201.3 217.7 238.5 233.0 234.5 242.8 243.8 242.5 241.7 27

 28 FA155019005 Households and institutions 571.2 610.8 688.1 658.8 680.6 699.2 713.8 731.2 736.0 28

 29 FA365019005 Gross government investment 592.3 594.5 613.4 598.9 617.0 619.2 618.5 631.3 619.5 29

 30 FA315019001 Federal 268.4 262.9 261.2 258.7 260.4 260.0 266.0 264.8 264.4 30

 31 FA205019001 State and local 323.9 331.6 352.2 340.2 356.6 359.2 352.6 366.5 355.1 31

 32 FA265430003 Capital account transactions (net) (2) 0.8 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.3 32

 33 FA835430005 Private 7.7 6.7 39.9 9.0 129.0 9.5 12.3 12.4 45.7 33

 34 FA825430005 Domestic business -4.3 5.1 26.7 -3.4 116.1 -3.9 -2.2 -2.2 37.6 34

 35 FA105430005 Nonfinancial corporate business -4.3 -4.9 26.7 -3.4 116.1 -3.9 -2.2 -2.2 30.4 35

 36 FA115440005 Nonfinancial noncorporate business -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 FA795440005 Financial business 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 37

 38 FA155430005 Households and institutions 12.0 1.6 13.3 12.3 12.9 13.4 14.5 14.6 8.1 38

 39 FA365430005 Government -6.9 -6.2 -39.5 -8.4 -128.5 -9.0 -11.9 -12.0 -45.4 39

 40 FA315430005 Federal 55.7 55.7 20.6 50.3 -69.5 53.7 48.0 52.2 19.3 40

 41 FA205430005 State and local -62.6 -62.0 -60.1 -58.8 -59.1 -62.7 -59.9 -64.2 -64.7 41

 42 FA885000905 Net lending (+) or net borrowing (-), NIPAs (3) -386.9 -402.2 -477.9 -479.6 -453.4 -506.8 -471.7 -512.9 -467.2 42

 43 FA835000905 Private 526.4 451.4 304.5 281.4 280.6 390.1 266.0 425.0 440.5 43

 44 FA825000905 Domestic business 61.8 -118.5 -249.5 -249.9 -267.9 -169.8 -310.4 -154.6 -97.8 44

 45 FA105000995 Nonfinancial corporate business (3) 157.8 -19.5 -135.0 -150.4 -192.1 -57.5 -140.0 -46.9 -12.8 45

 46 FA115000905 Nonfinancial noncorporate business -70.9 -75.9 -85.6 -84.6 -86.0 -88.7 -83.0 -76.7 -62.6 46

 47 FA795000905 Financial business -25.1 -23.0 -28.9 -14.9 10.2 -23.7 -87.4 -30.9 -22.4 47

 48 FA155000905 Households and institutions 464.6 569.9 554.0 531.3 548.5 560.0 576.4 579.6 538.3 48

 49 FA365000905 Government -913.3 -853.6 -782.4 -761.0 -734.0 -897.0 -737.6 -937.9 -907.7 49

 50 FA315000905 Federal -700.0 -660.3 -580.1 -571.4 -498.2 -664.6 -586.2 -714.6 -679.8 50

 51 FA205000905 State and local -213.3 -193.3 -202.3 -189.6 -235.8 -232.4 -151.5 -223.3 -227.9 51

 52 FA087005005 Statistical discrepancy (line 21 less line 1) -137.9 -258.0 -253.7 -300.9 -212.9 -236.1 -264.8 -264.3 -224.2 52

 Addenda:

 53 FA895404005 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

 54 FA835404005 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

 55 FA825404003 Domestic business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

 56 FA155404003 Households and institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

 57 FA365404005 Government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

 58 FA315404003 Federal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

 59 FA215404003 State and local 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 59

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

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

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

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
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F.5 Net Capital Transfers (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA895410005 Capital transfers paid, by sector 105.2 111.3 97.4 95.1 97.5 100.9 96.0 100.0 108.3 1

 2 FA825410005 By private business 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 2

 3 FA795410005 Financial corporations 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 3

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

 5 FA795410003 Other 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 5

 6 FA105410003 Nonfinancial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FA115410003 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA365410005 By government 79.0 77.3 71.7 70.4 72.1 75.0 69.6 73.6 74.0 8

 9 FA315410005 Federal 79.0 77.3 71.7 70.4 72.1 75.0 69.6 73.6 74.0 9

 10 FA205400033 Investment grants to state and local govts. 66.3 65.7 63.9 62.6 62.9 66.5 63.6 67.9 68.3 10

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

 12 FA315410093 Financial stabilization payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA315410043 Other capital transfers paid to business 5.7 6.7 3.2 3.0 4.4 3.7 1.9 1.7 1.6 13

 14 FA315410053 Other capital transfers paid to persons 6.1 4.5 4.1 4.3 4.3 4.3 3.6 3.6 3.6 14

 15 FA315410063 Capital transfers paid to rest of world (net) 0.8 0.4 0.5 0.5 0.5 0.4 0.4 0.4 0.4 15

 16 FA205410073 State and local 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

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

 18 FA155410035 By persons 26.1 24.1 25.6 24.8 25.4 25.9 26.4 26.4 27.1 18

 19 FA315400053 Estate and gift taxes, federal 20.9 18.8 20.2 19.4 20.0 20.5 21.0 20.9 21.6 19

 20 FA205400053 Estate and gift taxes, state and local 5.3 5.3 5.4 5.3 5.4 5.4 5.4 5.5 5.5 20

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

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

 23 FA265410003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA895400005 Capital transfers received, by sector 105.2 111.3 97.4 95.1 97.5 100.9 96.0 100.0 108.3 24

 25 FA825400005 By private business 5.7 6.7 3.2 3.0 4.4 3.7 1.9 1.7 1.6 25

 26 FA795400005 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

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

 28 FA795400003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FA105400005 Nonfinancial corporations 5.7 6.7 3.2 3.0 4.4 3.7 1.9 1.7 1.6 29

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

 31 FA105400003 Other 5.7 6.7 3.2 3.0 4.4 3.7 1.9 1.7 1.6 31

 32 FA115400005 Noncorporate business 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

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

 34 FA115400003 Other 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FA365400005 By government 92.5 89.7 89.5 87.3 88.3 92.5 90.0 94.3 95.4 35

 36 FA315400053 Federal 20.9 18.8 20.2 19.4 20.0 20.5 21.0 20.9 21.6 36

 37 FA315400053 Estate and gift taxes paid by persons 20.9 18.8 20.2 19.4 20.0 20.5 21.0 20.9 21.6 37

 38 FA205400005 State and local 71.6 70.9 69.3 67.9 68.3 71.9 69.1 73.4 73.8 38

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

 40 FA205400053 Estate and gift taxes paid by persons 5.3 5.3 5.4 5.3 5.4 5.4 5.4 5.5 5.5 40

 41 FA205400033 Investment grants paid by federal government 66.3 65.7 63.9 62.6 62.9 66.5 63.6 67.9 68.3 41

 42 FA205400003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 43 FA155400005 By persons 6.1 14.5 4.1 4.3 4.3 4.3 3.6 3.6 10.8 43

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

 45 FA155400003 Other 6.1 14.5 4.1 4.3 4.3 4.3 3.6 3.6 10.8 45

 46 FA265400005 By the rest of the world 0.8 0.4 0.5 0.5 0.5 0.4 0.4 0.4 0.4 46

 47 FA265400033 Capital transfers paid by U.S. government 0.8 0.4 0.5 0.5 0.5 0.4 0.4 0.4 0.4 47

 48 FA265400003 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

 Addenda: Net capital transfers paid by sector

 49 FA825440005 By private business (lines 2-25) -5.7 3.3 -3.2 -3.0 -4.4 -3.7 -1.9 -1.7 5.6 49

 50 FA795440005 Financial corporations (lines 3-26) 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 50

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

 52 FA765440005 U.S.-chartered depository institutions 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 52

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

 54 FA765440015 Other (lines 5) 0.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 7.2 54

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

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

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

 58 FA105440005 Nonfinancial corporations (lines 6-29) -5.7 -6.7 -3.2 -3.0 -4.4 -3.7 -1.9 -1.7 -1.6 58

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

 60 FA365440005 By government (lines 8-35) -13.4 -12.5 -17.8 -16.9 -16.3 -17.5 -20.5 -20.8 -21.5 60

 61 FA315440005 Federal (lines 9-36) 58.2 58.4 51.5 50.9 52.0 54.4 48.6 52.6 52.4 61

 62 FA205440005 State and local (lines 16-38) -71.6 -70.9 -69.3 -67.9 -68.3 -71.9 -69.1 -73.4 -73.8 62

 63 FA155440005 By persons (lines 18-43) 20.0 9.6 21.5 20.5 21.1 21.6 22.7 22.8 16.3 63

 64 FA265440005 By the rest of the world (lines 21-46) -0.8 -0.4 -0.5 -0.5 -0.5 -0.4 -0.4 -0.4 -0.4 64

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

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Financial Accounts of the United States.
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F.6 Derivation of Measures of Personal Saving (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA174090005 Net acquisition of financial assets 1238.6 1523.6 1608.8 1765.1 1068.4 1733.1 1868.5 1747.7 1630.0 1

 2 FA153091003 Foreign deposits 2.6 -6.4 -14.1 -3.0 -20.6 -15.0 -17.9 3.3 -8.2 2

 3 FA173020005 Checkable deposits and currency 145.9 168.7 188.3 454.1 60.1 -159.0 398.2 376.0 98.7 3

 4 FA173030005 Time and savings deposits 222.2 457.5 529.8 524.6 213.1 784.6 596.9 187.7 518.2 4

 5 FA173034005 Money market fund shares 30.9 -23.5 -40.4 -146.8 102.6 -135.0 17.6 124.4 -8.9 5

 6 FA174022005 Debt securities -402.4 -65.1 182.5 -322.9 -128.6 1055.5 125.8 65.2 -261.2 6

 7 FA163069103 Open market paper -3.8 -0.1 0.2 1.4 1.7 0.8 -3.2 5.1 -0.3 7

 8 FA173061105 Treasury securities -27.6 -227.1 223.8 -3.2 171.5 652.0 75.1 35.4 478.8 8

 9 FA153061705 Agency- and GSE-backed securities -31.2 92.3 199.9 -140.0 120.6 366.3 452.5 -159.9 -147.4 9

 10 FA173062005 Municipal securities -54.5 -67.4 -59.9 -56.7 -31.1 -10.8 -140.8 -26.5 -44.8 10

 11 FA153063005 Corporate and foreign bonds -285.3 137.3 -181.5 -124.4 -391.2 47.3 -257.8 211.1 -547.5 11

 12 FA174023005 Loans 52.9 54.9 -50.9 9.2 -110.0 -7.0 -95.7 155.8 -1.0 12

 13 FA153064105 Corporate equities (2) 137.5 170.3 1.1 520.7 167.2 -689.1 5.8 117.6 407.8 13

 14 FA153064205 Mutual fund shares 230.4 241.3 73.1 48.2 62.6 167.4 14.3 -192.0 118.0 14

 15 FA153040005 Life insurance reserves 9.3 37.0 33.9 49.0 20.5 47.2 19.1 52.3 35.0 15

 16 FA153050005 Pension entitlements 488.3 311.1 435.5 404.9 440.0 385.2 511.8 602.6 426.0 16

 17 FA173099005 Miscellaneous and other assets 320.9 177.7 269.9 227.1 261.6 298.4 292.6 254.8 305.6 17

 18 FA175050005 Gross investment in nonfinancial assets 2089.7 2195.8 2349.5 2299.4 2338.1 2370.8 2389.7 2395.0 2407.4 18

 19 FA175012005 Residential fixed investment 513.1 562.8 643.6 610.2 631.6 655.4 677.3 697.5 700.3 19

 20 FA175013005 Nonresidential fixed investment 394.5 414.9 426.4 425.9 427.3 429.1 423.4 418.4 417.3 20

 21 FA155111003 Consumer durables 1171.2 1218.5 1275.4 1252.7 1273.6 1284.3 1291.0 1286.2 1308.5 21

 22 FA155420003 Nonproduced nonfinancial assets -7.9 -8.0 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 22

 23 FA115020005 Inventories 18.8 7.6 12.2 18.8 13.8 10.2 6.2 1.1 -10.6 23

 24 FA176300005 Consumption of fixed capital 1697.5 1760.0 1814.0 1789.5 1802.1 1824.7 1839.6 1818.0 1840.4 24

 25 FA176320005 Residential fixed investment 394.8 422.8 436.2 430.8 433.4 438.6 442.1 444.2 448.5 25

 26 FA176330005 Nonresidential fixed investment 317.2 332.1 344.3 341.5 342.0 345.5 348.0 350.1 355.4 26

 27 FA156300103 Consumer durables 985.5 1005.1 1033.5 1017.3 1026.7 1040.7 1049.4 1023.7 1036.5 27

 28 FA172010005 Net investment in nonfinancial assets (3) 392.2 435.8 535.5 509.9 536.0 546.1 550.1 577.0 566.9 28

 29 FA175012865 Residential fixed investment 118.3 140.1 207.4 179.5 198.2 216.8 235.1 253.3 251.8 29

 30 FA175013865 Nonresidential fixed investment 77.3 82.8 82.2 84.5 85.3 83.6 75.4 68.3 61.9 30

 31 FA155111005 Consumer durables 185.7 213.4 241.9 235.4 246.9 243.7 241.6 262.4 272.1 31

 32 FA155420003 Nonproduced nonfinancial assets -7.9 -8.0 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 32

 33 FA115020005 Inventories 18.8 7.6 12.2 18.8 13.8 10.2 6.2 1.1 -10.6 33

 34 FA174190005 Net increase in liabilities 423.8 706.0 787.3 658.1 926.7 575.6 989.1 699.8 934.3 34

 35 FA173165105 Home mortgages -2.7 44.0 141.9 32.8 213.1 157.9 163.7 202.6 257.7 35

 36 FA173165205 Other mortgages 77.6 134.8 227.4 154.6 202.5 293.8 258.7 155.3 235.5 36

 37 FA153166000 Consumer credit 175.8 221.8 232.7 203.9 266.6 244.1 216.3 199.1 230.3 37

 38 FA153169005 Other loans and advances 37.4 33.2 -76.6 -59.0 44.6 -294.3 2.4 -94.7 44.0 38

 39 FA173199005 Other liabilities 135.6 272.1 261.9 325.8 200.0 174.0 347.9 237.6 166.7 39

 40 FA175440005 Net capital transfers paid (4) 20.0 9.6 21.5 20.5 21.1 21.6 22.7 22.8 16.3 40

 41 FA176007025 Personal saving, FOF concept (FOF) 1227.0 1263.0 1378.4 1637.4 698.9 1725.2 1452.2 1647.7 1279.0 41

 42 FA155111005 - Net investment in consumer durables 185.7 213.4 241.9 235.4 246.9 243.7 241.6 262.4 272.1 42

 43 FA313154015 - Government insurance and pension fund reserves (5) -2.2 -2.0 -2.2 -2.6 -1.3 -2.6 -2.4 -2.9 -3.2 43

 44 FA156600075 + Contr. for govt. soc. insur., U.S.-affiliated areas 5.2 5.1 5.1 5.2 5.2 5.1 5.0 5.0 5.1 44

 45 FA176007005 = Personal saving, NIPA concept (FOF) (6) 1048.7 1056.8 1143.9 1409.8 458.4 1489.1 1218.1 1393.2 1015.1 45

 46 FA156007015 Personal saving, NIPA concept (NIPA) 620.1 726.0 783.6 735.6 773.5 798.5 826.8 845.5 795.9 46

 47 FA176007085 Difference 428.6 330.8 360.3 674.2 -315.1 690.6 391.4 547.7 219.2 47

 Memo:

 48 FA156012005 Disposable personal income 12395.8 13022.7 13519.8 13276.5 13464.7 13611.7 13726.4 13807.4 13954.4 48

 Personal saving as a percentage of disposable personal income:

 49 FA176007026 FOF concept (FOF data) (line 41) 9.90 9.70 10.20 12.33 5.19 12.67 10.58 11.93 9.17 49

 50 FA176007006 NIPA concept (FOF data) (line 44) 8.46 8.12 8.46 10.62 3.40 10.94 8.87 10.09 7.27 50

 51 FA156007016 NIPA concept (NIPA data) (line 45) 5.00 5.58 5.80 5.54 5.74 5.87 6.02 6.12 5.70 51

 52 FA176007086 Difference (line 46) 3.46 2.54 2.66 5.08 -2.34 5.07 2.85 3.97 1.57 52

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

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

(3) Line 18 less line 24.

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

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

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

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

 plus net capital transfers paid (line 40). Personal savings, NIPA concept (NIPA) (line 46) is disposable personal income (line 48) less personal outlays (table F.101, line 4).
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L.6 Assets and Liabilities of the Personal Sector (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL174090005 Total financial assets 60694.2 64214.3 65610.8 65408.4 65649.3 63922.9 65610.8 66025.7 66668.0 1

 2 FL153091003 Foreign deposits 52.1 45.7 31.6 45.0 39.8 36.1 31.6 32.4 30.4 2

 3 FL173020005 Checkable deposits and currency 1649.0 1817.7 2006.0 1889.7 1902.7 1849.6 2006.0 2058.4 2071.6 3

 4 FL173030005 Time and savings deposits 7773.7 8294.1 8824.2 8490.1 8489.9 8674.9 8824.2 8942.3 9011.3 4

 5 FL173034005 Money market fund shares 1221.9 1198.4 1158.0 1102.9 1088.0 1096.0 1158.0 1128.9 1083.7 5

 6 FL174022005 Debt securities 4529.8 4319.4 4635.8 4256.6 4409.7 4560.5 4635.8 4540.9 4311.7 6

 7 FL163069103 Open market paper 15.0 14.9 15.1 15.2 15.7 15.9 15.1 16.3 16.3 7

 8 FL173061105 Treasury securities 1201.3 913.8 1207.1 941.4 1040.4 1115.2 1207.1 1161.0 1155.8 8

 9 FL153061705 Agency- and GSE-backed securities 279.1 330.9 545.6 314.0 358.4 438.1 545.6 515.1 459.0 9

 10 FL173062005 Municipal securities 1830.5 1713.9 1653.7 1713.9 1732.4 1705.4 1653.7 1658.4 1643.1 10

 11 FL153063005 Corporate and foreign bonds 1203.9 1346.0 1214.4 1272.1 1262.9 1285.9 1214.4 1190.0 1037.4 11

 12 FL174023005 Loans 1005.5 1060.5 1009.6 1062.8 1035.3 1033.5 1009.6 1048.6 1048.3 12

 13 FL153069005 Other loans and advances 841.4 893.2 842.6 895.7 867.9 866.3 842.6 884.4 886.7 13

 14 FL173065005 Mortgages 112.3 119.7 122.8 120.3 121.4 121.8 122.8 121.4 120.2 14

 15 FL173066005 Consumer credit 51.8 47.6 44.2 46.8 46.1 45.5 44.2 42.8 41.4 15

 16 LM153064105 Corporate equities (2) 12849.7 14364.9 14158.2 14901.5 14834.8 13491.7 14158.2 14196.3 14524.3 16

 17 LM153064205 Mutual fund shares 6250.3 6726.7 6519.4 6822.8 6814.1 6376.1 6519.4 6529.8 6672.9 17

 18 FL153040005 Life insurance reserves 1233.0 1282.8 1310.6 1300.0 1303.8 1298.3 1310.6 1324.3 1337.7 18

 19 FL153050005 Pension entitlements 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 19

 20 FL543150005 Life insurance companies 2705.5 2825.0 2846.9 2846.5 2857.9 2786.7 2846.9 2873.5 2928.3 20

 21 FL574190005 Private pension funds 8135.1 8462.0 8669.0 8719.7 8749.7 8484.7 8669.0 8754.6 8875.3 21

 22 FL363150005 Governments 9020.2 9371.6 9731.7 9473.2 9562.2 9607.0 9731.7 9827.0 9929.4 22

 23 FL173099005 Miscellaneous and other assets 4268.2 4445.5 4709.9 4497.6 4561.3 4627.9 4709.9 4768.5 4843.1 23

 24 FL174190005 Total liabilities 19861.3 20520.4 21255.8 20596.1 20829.6 21003.3 21255.8 21347.7 21588.6 24

 25 FL173165105 Home mortgages 9872.5 9869.1 9961.0 9840.7 9884.5 9935.4 9961.0 9980.9 10040.4 25

 26 FL173165205 Other mortgages 2709.3 2844.1 3071.5 2882.7 2933.4 3006.8 3071.5 3110.3 3169.2 26

 27 FL153166000 Consumer credit 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 27

 28 FL153169005 Other loans and advances 480.5 513.7 437.2 499.0 510.1 436.5 437.2 413.5 424.5 28

 29 FL173199005 Other liabilities 3702.9 3975.6 4250.5 4050.9 4103.8 4143.3 4250.5 4303.6 4349.2 29

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 17), life insurance reserves (line 18), and pension entitlements (line 19).
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F.100 Domestic Nonfinancial Sectors (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA386000105 Gross saving less net capital transfers paid 4037.1 4351.5 4505.0 4522.5 4444.4 4463.2 4589.8 4451.3 4382.4 1

 2 FA385090005 Gross investment 4220.6 4012.8 4834.3 5249.9 4309.9 4952.7 4824.6 4989.9 4958.2 2

 3 FA385050005 Capital expenditures 4253.6 4473.9 4706.9 4652.3 4697.4 4751.2 4726.8 4713.2 4651.4 3

 4 FA155111003 Consumer durables 1171.2 1218.5 1275.4 1252.7 1273.6 1284.3 1291.0 1286.2 1308.5 4

 5 FA385012005 Fixed residential investment 511.0 568.2 659.2 613.7 638.3 689.8 694.9 711.8 697.5 5

 6 FA385013005 Fixed nonresidential investment 2479.0 2621.8 2679.0 2657.0 2680.3 2700.3 2678.2 2673.3 2664.1 6

 7 FA145020005 Inventory change 92.4 65.4 93.4 129.0 105.2 76.8 62.7 41.9 -18.6 7

 8 FA385420005 Nonproduced nonfinancial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 8

 9 FA385000005 Net lending (+) or net borrowing (-) -33.0 -461.1 127.4 597.6 -387.5 201.5 97.8 276.8 306.8 9

 10 FA384090005 Net acqisition of financial assets 2609.8 2600.9 2924.5 2831.8 2756.6 2825.7 3283.9 3180.5 3226.9 10

 11 FA313011005 U.S. official reserve assets -3.3 -3.8 -6.4 -16.7 -3.6 -1.2 -4.0 -4.3 0.7 11

 12 FA383091005 Foreign deposits 44.7 -15.2 -34.8 -72.5 2.7 -47.3 -21.9 -38.3 34.0 12

 13 FA383020005 Checkable deposits and currency 286.1 284.6 276.2 -55.5 753.8 -240.1 646.6 464.2 243.2 13

 14 FA383030005 Time and savings deposits 275.7 445.1 512.7 604.0 82.5 798.2 566.2 183.1 603.3 14

 15 FA383034005 Money market fund shares 71.2 -17.7 -10.1 -184.5 110.6 -70.5 104.1 119.5 8.2 15

 16 FA382051005 Security repurchase agreements -0.1 18.7 14.2 14.2 10.2 17.6 14.9 -9.6 1.1 16

 17 FA384022005 Debt securities -479.4 -36.3 203.6 -255.6 -227.0 1154.7 142.4 115.6 -158.3 17

 18 FA383069105 Open market paper -20.2 -3.7 -4.5 1.9 -1.4 4.2 -22.6 -5.4 30.1 18

 19 FA383061105 Treasury securities -48.3 -188.2 261.2 44.4 105.0 739.6 155.7 132.1 510.9 19

 20 FA383061705 Agency- and GSE-backed securities -67.4 82.3 175.5 -146.1 93.5 366.5 388.1 -187.5 -119.2 20

 21 FA383062005 Municipal securities -56.4 -68.5 -56.5 -43.5 -34.6 -14.9 -133.1 -38.6 -40.2 21

 22 FA383063005 Corporate and foreign bonds -287.1 141.8 -172.0 -112.2 -389.5 59.3 -245.8 215.0 -539.9 22

 23 FA384023005 Loans 173.2 181.5 71.2 151.1 9.0 99.0 25.8 277.3 114.4 23

 24 FA383069005 Other loans and advances 70.7 53.8 -47.7 9.9 -105.2 -14.5 -81.1 172.7 14.5 24

 25 FA383065005 Mortgages 0.0 20.3 19.7 27.1 11.6 17.8 22.5 8.0 10.2 25

 26 FA383066005 Consumer credit 102.5 107.4 99.2 114.1 102.5 95.7 84.4 96.6 89.8 26

 27 FA383064105 Corporate equities 131.7 171.1 6.2 526.7 168.7 -682.9 12.2 119.6 411.7 27

 28 FA383064205 Mutual fund shares 231.1 257.7 83.1 58.9 70.5 178.1 25.0 -183.6 127.5 28

 29 FA383070005 Trade receivables 323.1 106.4 51.1 62.8 51.5 28.7 61.3 10.3 247.9 29

 30 FA153040005 Life insurance reserves 9.3 37.0 33.9 49.0 20.5 47.2 19.1 52.3 35.0 30

 31 FA153050005 Pension entitlements 488.3 311.1 435.5 404.9 440.0 385.2 511.8 602.6 426.0 31

 32 FA383078005 Taxes payable 29.0 -0.8 25.2 138.9 10.9 -19.6 -29.4 74.1 95.8 32

 33 FA152090205 Equity in noncorporate business 181.6 28.0 51.5 43.9 39.2 82.3 40.5 89.5 116.4 33

 34 FA103092005 U.S. direct investment abroad 298.7 293.1 296.7 332.3 299.4 171.2 384.0 270.6 280.1 34

 35 FA383090005 Miscellaneous assets 548.9 540.3 914.5 1029.8 917.5 925.3 785.4 1037.4 639.9 35

 36 FA384190005 Net increase in liabilities 2642.8 3062.0 2797.1 2234.1 3144.0 2624.2 3186.1 2903.7 2920.1 36

 37 FA313111303 U.S. official reserve assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

 39 FA313112003 Treasury currency -0.4 -0.3 -0.0 0.0 0.0 0.0 -0.0 0.0 0.0 39

 40 FA384122005 Debt securities 1079.4 1001.3 1135.3 425.7 977.6 706.2 2431.5 1451.0 1170.8 40

 41 FA103169100 Open market paper 14.2 37.5 -5.4 -61.2 -53.2 70.3 22.5 33.9 12.3 41

 42 FA313161105 Treasury securities 857.7 736.0 724.4 -37.0 389.1 302.5 2243.0 852.4 770.0 42

 43 FA313161705 Agency- and GSE-backed securities -0.4 -0.1 0.2 -1.0 2.1 -2.2 1.8 -0.5 0.5 43

 44 FA383162005 Municipal securities -68.1 -42.0 15.5 73.9 25.8 11.4 -49.1 35.4 94.7 44

 45 FA103163003 Corporate and foreign bonds 276.0 269.9 400.6 451.0 613.9 324.3 213.2 529.7 293.3 45

 46 FA384123005 Loans 459.3 806.2 794.7 762.6 951.1 480.5 984.7 1011.5 828.2 46

 47 FA383168005 Depository institution loans n.e.c. 124.3 278.1 276.5 342.7 195.7 235.9 331.6 395.8 156.7 47

 48 FA383169005 Other loans and advances 85.7 106.0 -101.6 1.8 24.8 -382.0 -51.0 26.6 -98.6 48

 49 FA383165005 Mortgages 73.4 200.3 387.1 214.2 464.0 382.4 487.8 390.0 539.8 49

 50 FA153166000 Consumer credit 175.8 221.8 232.7 203.9 266.6 244.1 216.3 199.1 230.3 50

 51 FA103164103 Corporate equities -352.9 -392.2 -563.1 -591.4 -489.5 -628.4 -543.0 -626.1 -682.4 51

 52 FA383170005 Trade payables 192.4 185.0 67.0 89.1 155.4 23.2 0.4 44.9 252.6 52

 53 FA313140003 Life insurance reserves 0.2 0.8 -0.1 -2.1 0.9 -0.6 1.3 -0.4 0.8 53

 54 FA143178005 Taxes payable -5.9 2.4 7.2 38.4 22.1 -3.9 -28.0 -33.7 4.6 54

 55 FA112090205 Equity in noncorporate business 186.8 25.9 49.2 45.1 41.2 58.1 52.2 97.4 119.6 55

 56 FA143192005 Foreign direct investment in U.S. 176.4 154.7 321.9 767.0 289.8 163.4 67.6 180.4 580.4 56

 57 FA383190005 Miscellaneous liabilities 907.5 1278.3 985.1 699.6 1195.4 1825.7 219.5 778.7 645.5 57

 58 FA387005005 Discrepancy -183.5 338.7 -329.3 -727.4 134.5 -489.4 -234.8 -538.6 -575.8 58

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA156010001 Personal income 14073.7 14809.7 15458.5 15185.9 15401.9 15556.1 15690.2 15740.1 15900.0 1

 2 FA156210005 - Personal current taxes 1677.8 1787.0 1938.7 1909.4 1937.2 1944.4 1963.8 1932.7 1945.6 2

 3 FA156012005 = Disposable personal income 12395.8 13022.7 13519.8 13276.5 13464.7 13611.7 13726.4 13807.4 13954.4 3

 4 FA156900005 - Personal outlays 11775.7 12296.7 12736.2 12540.9 12691.2 12813.2 12899.6 12961.9 13158.5 4

 5 FA156007015 = Personal saving, NIPA (2) 620.1 726.0 783.6 735.6 773.5 798.5 826.8 845.5 795.9 5

 6 FA313154015 + Government insurance and pension reserves (3) -2.2 -2.0 -2.2 -2.6 -1.3 -2.6 -2.4 -2.9 -3.2 6

 7 FA156600075 - Contr. for govt. soc. insur., U.S.-affiliated areas 5.2 5.1 5.1 5.2 5.2 5.1 5.0 5.0 5.1 7

 8 FA155111005 + Net investment in consumer durables 185.7 213.4 241.9 235.4 246.9 243.7 241.6 262.4 272.1 8

 9 FA156300005 + Consumption of fixed capital 1413.1 1461.4 1505.3 1484.0 1495.1 1514.7 1527.3 1503.6 1523.0 9

 10 FA155440005 - Net capital transfers paid (4) 20.0 9.6 21.5 20.5 21.1 21.6 22.7 22.8 16.3 10

 11 FA156000105 = Gross saving less net capital transfers paid 2191.6 2384.0 2502.0 2426.8 2488.0 2527.6 2565.5 2580.8 2566.4 11

 12 FA155090005 Gross investment 2620.2 2714.8 2862.2 3101.0 2172.9 3218.2 2956.8 3128.6 2785.7 12

 13 FA155050005 Capital expenditures 1734.4 1821.3 1955.3 1903.3 1945.9 1975.3 1996.6 2009.2 2036.3 13

 14 FA155111003 Consumer durable goods 1171.2 1218.5 1275.4 1252.7 1273.6 1284.3 1291.0 1286.2 1308.5 14

 15 FA155012005 Residential 433.4 473.8 542.3 513.6 532.0 552.5 571.2 588.2 590.6 15

 16 FA165013005 Nonprofit nonresidential 137.8 137.0 145.8 145.2 148.6 146.7 142.6 143.0 145.4 16

 17 FA155420003 Nonproduced nonfinancial assets -7.9 -8.0 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 -8.2 17

 18 FA155000005 Net lending (+) or net borrowing (-) 885.7 893.5 907.0 1197.7 226.9 1243.0 960.2 1119.4 749.3 18

 19 FA154090005 Net acquisition of financial assets 1120.9 1312.9 1298.7 1487.0 784.5 1440.0 1483.3 1504.6 1374.9 19

 20 FA153091003 Foreign deposits 2.6 -6.4 -14.1 -3.0 -20.6 -15.0 -17.9 3.3 -8.2 20

 21 FA153020005 Checkable deposits and currency 134.0 134.0 144.7 420.8 19.3 -203.4 342.0 330.1 52.5 21

 22 FA153030005 Time and savings deposits 210.7 431.9 460.9 449.5 183.5 702.8 507.7 108.1 458.4 22

 23 FA153034005 Money market fund shares 28.9 -27.4 -45.7 -152.2 98.3 -139.9 11.1 120.1 -15.3 23

 24 FA154022005 Debt securities -402.9 -67.9 177.6 -326.8 -133.2 1050.6 119.8 60.6 -265.9 24

 25 FA163069103 Open market paper -3.8 -0.1 0.2 1.4 1.7 0.8 -3.2 5.1 -0.3 25

 26 FA153061105 Treasury securities -29.9 -229.7 219.3 -6.8 167.2 647.4 69.5 31.1 474.5 26

 27 FA153061705 Agency- and GSE-backed securities -31.2 92.3 199.9 -140.0 120.6 366.3 452.5 -159.9 -147.4 27

 28 FA153062005 Municipal securities -52.8 -67.6 -60.2 -57.0 -31.5 -11.2 -141.3 -26.9 -45.1 28

 29 FA153063005 Corporate and foreign bonds -285.3 137.3 -181.5 -124.4 -391.2 47.3 -257.8 211.1 -547.5 29

 30 FA154023005 Loans 51.9 53.3 -53.7 7.0 -112.7 -9.8 -99.3 153.2 -3.7 30

 31 FA153069005 Other loans and advances (5) 63.5 51.8 -50.6 9.8 -111.3 -6.2 -94.6 167.0 9.3 31

 32 FA153065005 Mortgages -5.4 5.7 0.3 0.2 1.7 -1.2 0.6 -8.3 -7.4 32

 33 FA163066223 Consumer credit (student loans) -6.2 -4.2 -3.4 -3.0 -3.1 -2.4 -5.3 -5.6 -5.6 33

 34 FA153064105 Corporate equities (6) 137.5 170.3 1.1 520.7 167.2 -689.1 5.8 117.6 407.8 34

 35 FA153064205 Mutual fund shares 230.4 241.3 73.1 48.2 62.6 167.4 14.3 -192.0 118.0 35

 36 FA153040005 Life insurance reserves 9.3 37.0 33.9 49.0 20.5 47.2 19.1 52.3 35.0 36

 37 FA153050005 Pension entitlements (7) 488.3 311.1 435.5 404.9 440.0 385.2 511.8 602.6 426.0 37

 38 FA152090205 Equity in noncorporate business 181.6 28.0 51.5 43.9 39.2 82.3 40.5 89.5 116.4 38

 39 FA153090005 Miscellaneous assets 48.6 7.8 33.9 25.0 20.5 61.9 28.4 59.4 54.0 39

 40 FA154190005 Net increase in liabilities 235.2 419.4 391.8 289.3 557.6 197.1 523.1 385.2 625.6 40

 41 FA163162003 Debt securities (municipal securities) -14.4 -6.7 -8.1 -1.7 -14.7 -10.5 -5.4 0.8 -0.7 41

 42 FA154123005 Loans 245.6 421.8 397.1 285.0 567.3 208.2 527.9 379.0 623.1 42

 43 FA153165105 Home mortgages (8) 0.3 38.1 130.1 29.8 197.6 142.1 151.1 192.1 240.9 43

 44 FA153166000 Consumer credit 175.8 221.8 232.7 203.9 266.6 244.1 216.3 199.1 230.3 44

 45 FA153168005 Depository institution loans n.e.c. (9) 28.2 121.1 100.5 103.0 46.8 106.0 146.1 74.8 97.0 45

 46 FA153169005 Other loans and advances 37.4 33.2 -76.6 -59.0 44.6 -294.3 2.4 -94.7 44.0 46

 47 FA163165505 Commercial mortgages 3.8 7.6 10.3 7.4 11.8 10.2 11.9 7.8 10.8 47

 48 FA163170003 Trade payables 1.0 3.1 1.2 1.4 1.8 1.0 0.8 0.3 -0.1 48

 49 FA543077073 Deferred and unpaid life insurance premiums 3.0 1.2 1.5 4.6 3.2 -1.6 -0.2 5.1 3.3 49

 50 FA157005005 Discrepancy -428.6 -330.8 -360.3 -674.2 315.1 -690.6 -391.4 -547.7 -219.2 50

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

 outstandings of nonprofit organizations.

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

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

(4) Table F.5, line 63.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 35) and life insurance reserves (line 36), and pension entitlements (line 37).

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

(8) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 24.

(9) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.109, line 21.
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F.102 Nonfinancial Business (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA146110005 Income before taxes 2774.3 2893.4 2834.9 2849.4 2886.0 2868.3 2735.9 2842.7 2907.1 1

 2 FA146000105 Gross saving less net capital transfers paid 2157.6 2218.4 2191.5 2246.7 2184.3 2202.4 2132.4 2165.4 2124.9 2

 3 FA145090005 Gross investment 1912.3 1472.5 2105.7 2117.3 2334.7 2063.2 1907.8 2039.0 2313.8 3

 4 FA145050005 Capital expenditures 1920.3 2051.9 2159.9 2141.6 2246.7 2148.3 2103.1 2063.9 2019.5 4

 5 FA145019005 Fixed investment 1826.5 1984.7 2036.6 2012.9 2021.1 2071.7 2040.8 2022.5 2006.1 5

 6 FA145012005 Residential 71.2 88.5 109.6 93.6 99.2 129.8 115.9 115.5 99.2 6

 7 FA145013005 Nonresidential 1755.3 1896.2 1927.0 1919.4 1921.9 1942.0 1924.9 1907.0 1906.9 7

 8 FA145020005 Change in inventories 92.4 65.4 93.4 129.0 105.2 76.8 62.7 41.9 -18.6 8

 9 FA105420005 Nonproduced nonfinancial assets 1.4 1.8 29.9 -0.3 120.5 -0.2 -0.3 -0.6 32.0 9

 10 FA145000005 Net lending (+) or net borrowing (-) -8.0 -579.4 -54.2 -24.3 88.0 -85.1 -195.3 -24.8 294.3 10

 11 FA144090005 Net acquisition of financial assets 1294.1 1026.8 1277.7 1259.5 1402.5 1192.5 1256.3 1331.5 1393.7 11

 12 FA103091003 Foreign deposits 42.1 -8.9 -20.6 -69.5 23.3 -32.4 -4.0 -41.6 42.2 12

 13 FA143020005 Checkable deposits and currency 75.5 73.8 30.4 -118.4 244.7 32.8 -37.6 29.3 136.7 13

 14 FA143030005 Time and savings deposits 47.4 4.1 38.3 126.6 -104.8 97.5 33.8 69.6 123.9 14

 15 FA143034005 Money market fund shares 41.7 3.0 23.9 -46.5 8.2 55.1 78.7 -4.4 16.0 15

 16 FA102051003 Security repurchase agreements -1.0 12.9 4.4 2.4 6.5 5.7 2.9 -12.6 -5.0 16

 17 FA144022005 Debt securities -12.7 12.1 -2.1 -18.6 -8.5 -12.6 31.5 36.7 -4.3 17

 18 FA103069100 Commercial paper -6.6 3.5 -1.7 4.9 5.5 -7.4 -9.8 0.2 27.8 18

 19 FA143061105 Treasury securities 1.6 5.1 -1.3 -26.1 -7.0 0.7 27.0 37.4 -26.3 19

 20 FA103061703 Agency- and GSE-backed securities -4.2 4.8 -2.0 -9.9 -3.8 -1.3 7.1 11.0 -10.2 20

 21 FA143062005 Municipal securities -3.5 -1.3 2.9 12.4 -3.3 -4.7 7.2 -12.0 4.3 21

 22 FA144023005 Loans -2.1 7.4 6.9 13.8 7.7 11.3 -5.2 8.1 7.4 22

 23 FA143065005 Mortgages 2.6 6.5 7.7 7.1 7.5 7.7 8.4 7.5 7.6 23

 24 FA143066005 Consumer credit -4.6 0.9 -0.8 6.7 0.2 3.5 -13.6 0.6 -0.1 24

 25 FA103064203 Mutual fund shares 1.2 15.1 7.4 7.4 7.4 7.4 7.4 7.4 7.4 25

 26 FA143070005 Trade receivables 310.4 101.5 37.5 57.6 44.7 29.1 18.4 7.4 219.6 26

 27 FA103092005 U.S. direct investment abroad 298.7 293.1 296.7 332.3 299.4 171.2 384.0 270.6 280.1 27

 28 FA143090005 Miscellaneous assets 492.8 512.5 855.0 972.4 873.8 827.4 746.3 961.0 569.6 28

 29 FA144190005 Net increase in liabilities 1302.1 1606.2 1331.9 1283.8 1314.5 1277.5 1451.6 1356.3 1099.4 29

 30 FA104122005 Debt securities 293.3 307.3 408.6 411.1 584.7 410.1 228.5 576.2 335.4 30

 31 FA103169100 Commercial paper 14.2 37.5 -5.4 -61.2 -53.2 70.3 22.5 33.9 12.3 31

 32 FA103162000 Municipal securities 3.1 -0.0 13.4 21.4 24.1 15.6 -7.2 12.5 29.8 32

 33 FA103163003 Corporate bonds 276.0 269.9 400.6 451.0 613.9 324.3 213.2 529.7 293.3 33

 34 FA144123005 Loans 213.2 384.0 397.3 477.2 383.7 272.5 456.0 631.7 204.9 34

 35 FA143168005 Depository institution loans n.e.c. 96.1 157.0 176.0 239.8 149.0 129.9 185.4 321.0 59.8 35

 36 FA143169005 Other loans and advances 47.7 72.4 -25.3 60.4 -19.9 -87.5 -54.3 120.6 -142.9 36

 37 FA143165005 Mortgages 69.4 154.6 246.6 177.1 254.6 230.1 324.8 190.1 288.0 37

 38 FA103164103 Corporate equities -352.9 -392.2 -563.1 -591.4 -489.5 -628.4 -543.0 -626.1 -682.4 38

 39 FA143170005 Trade payables 135.4 143.7 12.8 55.6 89.2 -45.7 -47.8 -15.1 199.5 39

 40 FA143178005 Taxes payable -5.9 2.4 7.2 38.4 22.1 -3.9 -28.0 -33.7 4.6 40

 41 FA143192005 Foreign direct investment in U.S. 176.4 154.7 321.9 767.0 289.8 163.4 67.6 180.4 580.4 41

 42 FA143190005 Miscellaneous liabilities 655.9 980.5 698.0 80.7 393.4 1051.5 1266.2 545.4 337.4 42

 43 FA112090205 Proprietors’ net investment 186.8 25.9 49.2 45.1 41.2 58.1 52.2 97.4 119.6 43

 44 FA107005005 Discrepancy 245.3 745.9 85.7 129.4 -150.3 139.2 224.6 126.4 -188.9 44

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA106060005 Profits before tax (book) 1314.8 1371.6 1258.6 1305.7 1321.2 1277.2 1130.1 1229.3 1284.0 1

 2 FA106231005 - Taxes on corporate income 283.6 313.7 308.1 326.5 322.1 306.1 277.6 312.7 319.1 2

 3 FA106121075 - Net dividends 531.9 579.6 608.0 594.4 594.2 617.9 625.5 626.8 609.5 3

 4 FA106300015 + Capital consumption allowance (1) 1138.7 1203.6 1266.1 1242.7 1255.4 1276.8 1289.3 1290.2 1301.2 4

 5 FA106000135 = U.S. internal funds, book 1638.0 1682.0 1608.5 1627.6 1660.4 1630.0 1516.2 1580.1 1656.7 5

 6 FA106006065 + Foreign earnings retained abroad 226.2 228.1 216.2 229.3 205.8 199.0 230.6 208.1 200.5 6

 7 FA105020601 + Inventory valuation adjustment (IVA) 3.3 3.0 54.8 81.4 6.8 59.7 71.4 61.2 -51.2 7

 8 FA105440005 - Net capital transfers paid (2) -5.7 -6.7 -3.2 -3.0 -4.4 -3.7 -1.9 -1.7 -1.6 8

 9 FA106000105 = Total internal funds + IVA 1873.2 1919.8 1882.8 1941.2 1877.4 1892.3 1820.1 1851.0 1807.5 9

 10 FA105090005 Gross investment 1627.9 1173.9 1797.0 1811.8 2027.7 1753.2 1595.5 1724.6 1996.4 10

 11 FA105050005 Capital expenditures 1565.0 1677.4 1765.7 1745.4 1854.5 1752.8 1710.0 1678.0 1648.5 11

 12 FA105019005 Fixed investment (3) 1490.0 1617.7 1654.6 1635.6 1642.7 1686.4 1653.9 1637.8 1624.4 12

 13 FA105020005 Inventory change + IVA 73.6 57.9 81.2 110.2 91.3 66.6 56.5 40.8 -8.0 13

 14 FA105420005 Nonproduced nonfinancial assets 1.4 1.8 29.9 -0.3 120.5 -0.2 -0.3 -0.6 32.0 14

 15 FA105000005 Net lending (+) or net borrowing (-) 62.9 -503.5 31.3 66.4 173.2 0.4 -114.5 46.6 347.9 15

 16 FA104090005 Net acquisition of financial assets 989.6 790.2 918.5 936.3 1077.4 841.3 818.9 990.9 1019.0 16

 17 FA103091003 Foreign deposits 42.1 -8.9 -20.6 -69.5 23.3 -32.4 -4.0 -41.6 42.2 17

 18 FA103020005 Checkable deposits and currency 63.5 39.1 -13.3 -151.8 204.0 -11.6 -93.7 -16.5 90.5 18

 19 FA103030003 Time and savings deposits 35.8 -21.5 -30.6 51.5 -134.4 15.7 -55.4 -10.1 64.1 19

 20 FA103034003 Money market fund shares 39.7 -0.9 18.6 -51.9 3.8 50.2 72.2 -8.8 9.6 20

 21 FA102051003 Security repurchase agreements -1.0 12.9 4.4 2.4 6.5 5.7 2.9 -12.6 -5.0 21

 22 FA104022005 Debt securities -13.2 9.3 -6.9 -22.5 -13.1 -17.6 25.4 32.1 -9.0 22

 23 FA103069100 Commercial paper -6.6 3.5 -1.7 4.9 5.5 -7.4 -9.8 0.2 27.8 23

 24 FA103061103 Treasury securities -0.6 2.5 -5.9 -29.7 -11.3 -3.9 21.4 33.1 -30.6 24

 25 FA103061703 Agency- and GSE-backed securities -4.2 4.8 -2.0 -9.9 -3.8 -1.3 7.1 11.0 -10.2 25

 26 FA103062003 Municipal securities -1.7 -1.5 2.6 12.2 -3.6 -5.1 6.7 -12.3 4.0 26

 27 FA104023005 Loans -3.1 5.8 4.1 11.6 5.0 8.4 -8.7 5.4 4.7 27

 28 FA103065003 Mortgages 1.6 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 28

 29 FA103066005 Consumer credit -4.6 0.9 -0.8 6.7 0.2 3.5 -13.6 0.6 -0.1 29

 30 FA103064203 Mutual fund shares 1.2 15.1 7.4 7.4 7.4 7.4 7.4 7.4 7.4 30

 31 FA103070005 Trade receivables 261.6 70.8 -15.6 15.4 -5.3 -24.6 -47.7 -42.7 169.3 31

 32 FA103092005 U.S. direct investment abroad (4) 298.7 293.1 296.7 332.3 299.4 171.2 384.0 270.6 280.1 32

 33 FA103090005 Miscellaneous assets 264.2 375.3 674.3 811.3 680.7 668.8 536.5 807.8 365.1 33

 34 FA103076005 Insurance receivables -6.0 10.4 2.4 -5.5 8.7 11.9 -5.7 9.8 5.8 34

 35 FA103092405 Equity in GSEs 0.0 0.1 0.1 0.3 -0.1 0.0 0.1 0.4 0.1 35

 36 FA103094105 Investment in finance co. subs. 14.7 14.1 -4.1 -7.6 -16.1 -1.6 8.8 -23.0 0.6 36

 37 FA103093005 Other 255.4 350.7 676.0 824.2 688.3 658.4 533.2 820.7 358.6 37

 38 FA104190005 Net increase in liabilities 926.7 1293.7 887.1 869.9 904.2 840.9 933.4 944.3 671.1 38

 39 FA104122005 Debt securities 293.3 307.3 408.6 411.1 584.7 410.1 228.5 576.2 335.4 39

 40 FA103169100 Commercial paper 14.2 37.5 -5.4 -61.2 -53.2 70.3 22.5 33.9 12.3 40

 41 FA103162000 Municipal securities (5) 3.1 -0.0 13.4 21.4 24.1 15.6 -7.2 12.5 29.8 41

 42 FA103163003 Corporate bonds (4) 276.0 269.9 400.6 451.0 613.9 324.3 213.2 529.7 293.3 42

 43 FA104123005 Loans 104.0 177.5 63.8 228.6 59.9 -73.0 39.7 325.6 -91.2 43

 44 FA103168005 Depository institution loans n.e.c. 63.8 93.0 77.1 122.3 48.9 97.3 39.9 155.6 27.1 44

 45 FA103169005 Other loans and advances (6) 41.7 63.0 -31.1 79.5 -37.4 -100.9 -65.6 137.9 -164.8 45

 46 FA103165005 Mortgages -1.5 21.5 17.8 26.8 48.5 -69.3 65.3 32.1 46.5 46

 47 FA103164103 Corporate equities -352.9 -392.2 -563.1 -591.4 -489.5 -628.4 -543.0 -626.1 -682.4 47

 48 FA103170005 Trade payables 101.3 108.8 -33.1 16.2 51.2 -88.1 -111.9 -46.5 164.0 48

 49 FA103178000 Taxes payable -9.1 -1.4 -1.8 23.3 16.0 -10.5 -36.0 -39.8 -1.6 49

 50 FA103192005 Foreign direct investment in U.S. 176.0 152.2 320.1 763.8 288.1 162.7 65.8 179.0 578.8 50

 51 FA103190005 Miscellaneous liabilities 614.1 941.6 692.7 18.4 393.8 1068.1 1290.4 575.9 368.0 51

 52 FA573074005 Pension fund contributions payable -2.5 -2.9 -4.3 -5.6 -3.9 -4.4 -3.5 -7.6 -7.2 52

 53 FA573073005 Claims of pension fund on sponsor 108.6 85.4 66.9 69.4 70.0 68.9 59.2 57.5 57.1 53

 54 FA103193005 Other 508.0 859.1 630.1 -45.5 327.6 1003.5 1234.7 525.9 318.0 54

 55 FA107005005 Discrepancy 245.3 745.9 85.7 129.4 -150.3 139.2 224.6 126.4 -188.9 55

 Memo:

 56 FA105005305 Financing gap (7) -76.4 -7.6 102.3 36.5 187.3 63.1 122.4 36.7 43.1 56

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

(2) Table F.5, line 58.

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

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

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

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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F.104 Nonfinancial Noncorporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA116300005 Gross saving = consumption of fixed capital 284.4 298.6 308.7 305.5 307.0 310.0 312.3 314.4 317.4 1

 2 FA116000105 Gross saving less net capital transfers paid (1) 284.4 298.6 308.7 305.5 307.0 310.0 312.3 314.4 317.4 2

 3 FA116000105 Gross investment 284.4 298.6 308.7 305.5 307.0 310.0 312.3 314.4 317.4 3

 4 FA115050005 Capital expenditures 355.3 374.5 394.2 396.1 392.2 395.5 393.1 385.9 371.0 4

 5 FA115019005 Fixed investment (2) 336.5 366.9 382.0 377.4 378.4 385.3 386.9 384.7 381.7 5

 6 FA115020005 Change in inventories 18.8 7.6 12.2 18.8 13.8 10.2 6.2 1.1 -10.6 6

 7 FA115000005 Net lending (+) or net borrowing (-) -70.9 -75.9 -85.5 -90.6 -85.2 -85.5 -80.8 -71.5 -53.6 7

 8 FA114090005 Net acquisition of financial assets 304.5 236.6 359.2 323.3 325.1 351.2 437.4 340.5 374.7 8

 9 FA113020005 Checkable deposits and currency 12.0 34.7 43.7 33.3 40.8 44.4 56.2 45.9 46.2 9

 10 FA113030003 Time and savings deposits 11.5 25.7 68.9 75.0 29.6 81.8 89.2 79.7 59.8 10

 11 FA113034003 Money market mutual funds 2.0 3.9 5.3 5.4 4.4 4.9 6.4 4.4 6.4 11

 12 FA114022005 Debt securities 0.5 2.8 4.9 3.9 4.6 4.9 6.1 4.6 4.6 12

 13 FA113061003 Treasury securities 2.2 2.6 4.5 3.6 4.3 4.6 5.6 4.3 4.3 13

 14 FA113062003 Municipal securities -1.7 0.2 0.4 0.3 0.3 0.4 0.4 0.3 0.3 14

 15 FA114023005 Loans 1.0 1.6 2.9 2.3 2.7 2.9 3.6 2.7 2.7 15

 16 FA113065005 Mortgages 1.0 1.6 2.9 2.3 2.7 2.9 3.6 2.7 2.7 16

 17 FA113066003 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA113070003 Trade receivables 48.8 30.7 53.0 42.3 50.0 53.7 66.2 50.1 50.4 18

 19 FA113090005 Miscellaneous assets 228.6 137.2 180.6 161.1 193.1 158.6 209.8 153.2 204.5 19

 20 FA113076005 Insurance receivables -26.1 12.8 -10.2 -13.2 -8.3 -7.6 -11.8 -0.3 -0.5 20

 21 FA113092405 Equity investment in GSEs (3) 0.6 0.7 0.5 0.4 0.5 0.6 0.6 0.3 1.5 21

 22 FA113093005 Other 254.1 123.7 190.3 173.9 200.9 165.6 221.0 153.2 203.5 22

 23 FA114190005 Net increase in liabilities 375.4 312.5 444.8 413.9 410.3 436.6 518.2 412.0 428.3 23

 24 FA114123005 Loans 109.2 206.6 333.5 248.6 323.8 345.5 416.3 306.2 296.1 24

 25 FA113168005 Depository institution loans n.e.c. 32.3 64.0 98.9 117.5 100.1 32.6 145.5 165.5 32.7 25

 26 FA113169005 Other loans and advances 6.1 9.3 5.8 -19.1 17.5 13.5 11.3 -17.3 21.9 26

 27 FA113165005 Mortgages 70.8 133.2 228.8 150.3 206.2 299.3 259.5 158.0 241.5 27

 28 FA113170005 Trade payables 34.0 34.9 46.0 39.4 38.0 42.4 64.0 31.4 35.4 28

 29 FA113178003 Taxes payable 3.2 3.7 9.0 15.2 6.1 6.6 8.1 6.1 6.2 29

 30 FA115114005 Foreign direct investment in U.S. 0.4 2.5 1.8 3.2 1.7 0.7 1.8 1.4 1.6 30

 31 FA113193003 Miscellaneous liabilities 41.8 38.9 5.3 62.3 -0.4 -16.6 -24.2 -30.4 -30.6 31

 32 FA112090205 Proprietors’ net investment 186.8 25.9 49.2 45.1 41.2 58.1 52.2 97.4 119.6 32

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

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

(3) Equity in the Farm Credit System.
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20 Z.1, September 16, 2016

F.105 General Government (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA366010115 Current receipts, NIPA basis 5275.2 5516.1 5784.8 5701.9 5740.5 5770.6 5926.2 5796.5 5826.9 1

 2 FA366210005 Personal current taxes 1677.8 1787.0 1938.7 1909.4 1937.2 1944.4 1963.8 1932.7 1945.6 2

 3 FA366240005 Taxes on production and imports 1174.9 1210.2 1237.6 1227.6 1235.8 1239.9 1247.3 1249.8 1261.4 3

 4 FA366231005 Taxes on corporate income 433.5 495.2 515.4 529.0 505.5 490.7 536.6 487.7 500.6 4

 5 FA316231061 Taxes from the rest of the world 19.4 21.5 22.1 21.7 21.5 23.1 22.0 22.7 21.7 5

 6 FA366601005 Contributions for govt. social insurance 1109.8 1160.0 1208.6 1188.5 1203.3 1213.4 1229.1 1234.0 1244.7 6

 7 FA366150105 Income receipts on assets 238.8 152.0 128.8 121.9 122.0 147.6 123.6 132.9 120.5 7

 8 FA366403105 Current transfer receipts 642.0 710.5 752.4 721.8 733.5 730.3 823.9 757.3 755.6 8

 9 FA366402105 Current surplus of government enterprises -20.9 -20.2 -18.8 -18.0 -18.2 -18.9 -20.1 -20.5 -23.2 9

 10 FA366900015 Current expenditures, NIPA basis 6109.5 6298.9 6515.8 6393.5 6508.4 6580.8 6580.3 6638.4 6687.2 10

 11 FA366901005 Consumption expenditures 2523.7 2557.6 2604.9 2575.8 2600.2 2617.1 2626.5 2623.0 2643.9 11

 12 FA366404005 Government social benefits 2405.7 2514.4 2647.6 2609.2 2644.5 2660.5 2676.4 2712.0 2732.8 12

 13 FA366403005 Other current transfer payments 503.9 547.1 583.2 582.4 568.1 591.1 591.3 600.8 587.5 13

 14 FA366130005 Interest payments 616.9 623.1 623.4 570.4 639.4 654.7 628.9 644.4 663.4 14

 15 FA366402005 Subsidies 59.3 56.7 56.6 55.6 56.2 57.4 57.3 58.3 59.6 15

 16 FA366006005 Net saving, NIPA basis -834.4 -782.7 -731.0 -691.6 -767.9 -810.3 -654.2 -841.9 -860.3 16

 17 FA366300005 + Consumption of fixed capital 506.5 517.4 522.5 521.1 522.4 523.5 523.2 523.3 526.7 17

 18 FA313154015 - Insurance and pension fund reserves (2) -2.2 -2.0 -2.2 -2.6 -1.3 -2.6 -2.4 -2.9 -3.2 18

 19 FA365440095 - Net capital transfers (3) -13.4 -12.5 -17.8 -16.9 -16.3 -17.5 -20.5 -20.8 -21.5 19

 20 FA366000105 = Gross saving less net capital transfers -312.2 -250.8 -188.4 -151.0 -228.0 -266.7 -108.1 -294.9 -309.0 20

 21 FA365090005 Gross investment -311.9 -174.5 -133.7 31.6 -197.6 -328.8 -40.0 -177.6 -141.3 21

 22 FA365019005 Fixed investment 592.3 594.5 613.4 598.9 617.0 619.2 618.5 631.3 619.5 22

 23 FA365420005 Nonproduced nonfinancial assets 6.6 6.2 -21.7 8.5 -112.3 8.5 8.6 8.8 -23.9 23

 24 FA365000005 Net lending (+) or net borrowing (-) -910.8 -775.2 -725.4 -575.8 -702.4 -956.4 -667.1 -817.8 -736.9 24

 25 FA364090005 Net acquisition of financial assets 194.8 261.2 348.1 85.3 569.6 193.2 544.3 344.4 458.3 25

 26 FA313011005 U.S. official reserve assets -3.3 -3.8 -6.4 -16.7 -3.6 -1.2 -4.0 -4.3 0.7 26

 27 FA363020005 Checkable deposits and currency 76.7 76.8 101.1 -357.9 489.8 -69.5 342.1 104.8 54.0 27

 28 FA363030005 Time and savings deposits 17.6 9.1 13.6 27.9 3.8 -2.1 24.7 5.5 20.9 28

 29 FA213034003 Money market fund shares 0.5 6.7 11.7 14.2 4.1 14.3 14.3 3.8 7.5 29

 30 FA212051003 Security repurchase agreements 0.9 5.8 9.9 11.8 3.8 11.9 12.0 3.1 6.0 30

 31 FA364022005 Debt securities -63.8 19.5 28.1 89.8 -85.2 116.7 -8.9 18.4 111.9 31

 32 FA213069103 Open market paper -9.8 -7.1 -3.0 -4.5 -8.6 10.8 -9.5 -10.7 2.6 32

 33 FA213061105 Treasury securities -20.0 36.5 43.2 77.3 -55.2 91.5 59.2 63.6 62.7 33

 34 FA363061705 Agency- and GSE-backed securities -32.0 -14.8 -22.4 3.8 -23.3 1.5 -71.6 -38.7 38.4 34

 35 FA213062003 Municipal securities -0.1 0.4 0.8 1.0 0.1 1.0 1.0 0.3 0.6 35

 36 FA363063005 Corporate and foreign bonds -1.9 4.6 9.5 12.1 1.8 12.0 12.0 3.8 7.6 36

 37 FA364023005 Loans 123.3 120.8 118.0 130.3 113.9 97.5 130.3 116.0 110.7 37

 38 FA363065005 Mortgages 2.9 8.1 11.7 19.7 2.4 11.3 13.5 8.8 10.0 38

 39 FA313066220 Consumer credit 113.3 110.7 103.4 110.5 105.5 94.5 103.2 101.5 95.5 39

 40 FA313069005 Other loans and advances 7.2 2.0 2.9 0.1 6.1 -8.3 13.6 5.7 5.2 40

 41 FA363064105 Corporate equities -5.8 0.8 5.0 6.0 1.6 6.2 6.4 2.1 3.9 41

 42 FA213064203 Mutual fund shares -0.5 1.3 2.6 3.3 0.5 3.3 3.3 1.1 2.1 42

 43 FA363070005 Trade receivables 12.7 4.9 13.6 5.2 6.7 -0.3 42.8 2.9 28.3 43

 44 FA363078005 Taxes receivable 29.0 -0.8 25.2 138.9 10.9 -19.6 -29.4 74.1 95.8 44

 45 FA363090005 Miscellaneous assets 7.5 20.0 25.6 32.4 23.3 36.0 10.7 17.0 16.3 45

 46 FA364190005 Net increase in liabilities 1105.6 1036.4 1073.5 661.0 1271.9 1149.6 1211.4 1162.2 1195.1 46

 47 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

 48 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

 49 FA313112003 Treasury currency -0.4 -0.3 -0.0 0.0 0.0 0.0 -0.0 0.0 0.0 49

 50 FA364122005 Debt securities 800.5 700.7 734.7 16.3 407.6 306.6 2208.4 874.0 836.0 50

 51 FA313161105 Treasury securities 857.7 736.0 724.4 -37.0 389.1 302.5 2243.0 852.4 770.0 51

 52 FA213162005 Municipal securities -56.8 -35.2 10.2 54.3 16.5 6.4 -36.5 22.1 65.6 52

 53 FA364123005 Loans 0.5 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 0.2 53

 54 FA313165403 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

 55 FA213169203 Other loans and advances 0.5 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 0.2 55

 56 FA363170005 Trade payables 56.1 38.2 53.0 32.1 64.5 67.9 47.4 59.7 53.3 56

 57 FA313140003 Insurance reserves 0.2 0.8 -0.1 -2.1 0.9 -0.6 1.3 -0.4 0.8 57

 58 FA363190005 Miscellaneous liabilities 248.6 296.6 285.6 614.3 798.8 775.9 -1046.6 228.1 304.8 58

 59 FA367005005 Discrepancy -0.3 -76.4 -54.7 -182.6 -30.3 62.0 -68.1 -117.3 -167.7 59

 Memo:

 60 FA374090005 Net acquisition of financial assets (consolidated) (4) 214.3 224.4 304.6 7.5 624.6 101.9 484.2 280.1 395.3 60

 61 FA374190005 Net increase in liabilities (consolidated) (4) 1125.1 999.6 1030.0 583.3 1327.0 1058.4 1151.3 1097.8 1132.2 61

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

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

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

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

(4) Excludes Treasury securities held by state and local governments (line 33) and federal government loans to state and local governments (line 55).
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Z.1, September 16, 2016 21

F.106 Federal Government

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA316010105 Current receipts, NIPA basis 3138.4 3288.4 3453.3 3410.0 3439.4 3447.8 3515.9 3442.5 3469.7 1

 2 FA316210001 Personal current taxes 1302.0 1402.3 1532.7 1506.8 1530.6 1539.9 1553.2 1520.7 1537.5 2

 3 FA316240001 Taxes on production and imports 124.8 134.6 139.4 138.0 141.8 136.9 140.8 138.1 136.5 3

 4 FA316231005 Taxes on corporate income 378.1 436.6 455.1 468.1 444.9 430.6 477.0 425.3 442.0 4

 5 FA316231061 Taxes from the rest of the world 19.4 21.5 22.1 21.7 21.5 23.1 22.0 22.7 21.7 5

 6 FA316601001 Contributions for govt. social insurance 1091.3 1140.9 1189.5 1169.4 1184.3 1194.4 1210.1 1214.9 1225.4 6

 7 FA316150105 Income receipts on assets 163.3 74.8 49.2 43.3 42.7 67.6 43.0 51.3 38.6 7

 8 FA316403105 Current transfer receipts 70.7 86.1 72.7 68.9 80.2 62.9 79.0 79.1 80.1 8

 9 FA316402101 Current surplus of government enterprises -11.1 -8.3 -7.4 -6.3 -6.7 -7.6 -9.2 -9.7 -12.1 9

 10 FA316900005 Current expenditures, NIPA basis 3782.2 3901.3 4022.9 3944.5 4018.2 4070.2 4058.9 4110.8 4137.3 10

 11 FA316901001 Consumption expenditures 961.0 955.9 963.7 960.1 961.7 965.1 968.0 969.0 974.8 11

 12 FA316404001 Government social benefits 1842.4 1901.5 1981.7 1958.4 1977.4 1988.6 2002.2 2029.0 2044.1 12

 13 FA316403001 Other current transfer payments 503.9 547.1 583.2 582.4 568.1 591.1 591.3 600.8 587.5 13

 14 FA316130001 Interest payments 416.2 440.5 438.2 388.3 455.3 468.5 440.7 454.2 471.7 14

 15 FA316402001 Subsidies 58.8 56.2 56.1 55.1 55.7 56.9 56.8 57.7 59.1 15

 16 FA316006005 Net saving, NIPA basis -643.8 -612.9 -569.7 -534.5 -578.9 -622.3 -543.1 -668.3 -667.6 16

 17 FA316300003 + Consumption of fixed capital 268.0 271.3 271.5 272.1 271.6 271.4 270.8 270.7 271.4 17

 18 FA313154015 - Insurance and pension reserves (1) -2.2 -2.0 -2.2 -2.6 -1.3 -2.6 -2.4 -2.9 -3.2 18

 19 FA315440095 - Net capital transfers paid (2) 58.2 58.4 51.5 50.9 52.0 54.4 48.6 52.6 52.4 19

 20 FA316000105 = Gross saving less net capital transfers paid -431.7 -398.0 -347.5 -310.8 -358.0 -402.8 -318.4 -447.3 -445.4 20

 21 FA315090005 Gross investment -395.2 -338.2 -284.2 -163.4 -259.5 -538.8 -175.1 -341.9 -356.9 21

 22 FA315019001 Fixed investment 268.4 262.9 261.2 258.7 260.4 260.0 266.0 264.8 264.4 22

 23 FA315420003 Nonproduced nonfinancial assets -2.4 -2.7 -30.9 -0.6 -121.5 -0.7 -0.6 -0.4 -33.1 23

 24 FA315000005 Net lending (+) or net borrowing (-) -661.2 -598.4 -514.6 -421.4 -398.4 -798.0 -440.4 -606.3 -588.2 24

 25 FA314090005 Net acquisition of financial assets 217.7 172.8 252.4 -93.6 597.3 6.9 499.0 274.3 264.8 25

 26 FA313011005 U.S. official reserve assets -3.3 -3.8 -6.4 -16.7 -3.6 -1.2 -4.0 -4.3 0.7 26

 27 FA313020005 Checkable deposits and currency 69.6 60.8 109.9 -336.6 469.5 -63.2 370.1 78.9 52.6 27

 28 FA313030003 Time and savings deposits -0.5 0.2 0.0 -0.6 1.1 0.9 -1.3 0.2 0.5 28

 29 FA314022005 Debt securities -0.1 -0.0 -0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 29

 30 FA313061703 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 FA313063763 Corporate and foreign bonds -0.1 -0.0 -0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 31

 32 FA314023005 Loans 124.4 114.5 105.6 114.0 111.1 82.2 114.9 110.8 100.9 32

 33 FA313069005 Other loans and advances 7.2 2.0 2.9 0.1 6.1 -8.3 13.6 5.7 5.2 33

 34 FA313065005 Mortgages 4.0 1.7 -0.7 3.5 -0.5 -4.0 -1.9 3.6 0.2 34

 35 FA313066220 Consumer credit (3) 113.3 110.7 103.4 110.5 105.5 94.5 103.2 101.5 95.5 35

 36 FA313064105 Corporate equities (4) -4.8 -1.6 -0.0 -0.4 0.6 -0.2 -0.0 0.0 -0.1 36

 37 FA313070000 Trade receivables 3.3 -5.2 12.7 3.4 -3.4 4.1 46.7 6.0 10.1 37

 38 FA313078005 Taxes receivable 24.9 -4.5 16.2 123.6 4.8 -26.6 -37.0 68.3 89.1 38

 39 FA313090005 Miscellaneous assets 4.1 12.5 14.4 19.7 17.4 11.0 9.6 14.3 11.1 39

 40 FA314190005 Net increase in liabilities 878.9 771.2 766.9 327.8 995.6 804.8 939.4 880.5 853.0 40

 41 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

 42 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 43 FA313112003 Treasury currency -0.4 -0.3 -0.0 0.0 0.0 0.0 -0.0 0.0 0.0 43

 44 FA314122005 Debt securities 857.3 735.9 724.6 -37.9 391.1 300.2 2244.8 851.9 770.5 44

 45 FA313161105 Treasury securities (5) 857.7 736.0 724.4 -37.0 389.1 302.5 2243.0 852.4 770.0 45

 46 FA313161205 Marketable 806.2 646.7 688.1 254.1 923.8 774.4 800.3 718.7 629.4 46

 47 FA313161305 Nonmarketable 51.4 89.4 36.2 -291.1 -534.8 -471.9 1442.7 133.7 140.6 47

 48 FA313161705 Budget agency securities -0.4 -0.1 0.2 -1.0 2.1 -2.2 1.8 -0.5 0.5 48

 49 FA313165403 Loans (multifamily residential mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

 50 FA313170005 Trade payables 17.9 -0.7 12.8 -7.1 24.1 27.3 7.1 19.0 12.7 50

 51 FA313140003 Insurance reserves 0.2 0.8 -0.1 -2.1 0.9 -0.6 1.3 -0.4 0.8 51

 52 FA313190005 Miscellaneous liabilities 3.8 35.5 29.6 375.0 579.5 477.9 -1313.8 10.0 69.0 52

 53 FA343073005 Claims of pension fund on sponsor -9.7 22.1 18.7 390.4 571.4 475.3 -1362.3 16.1 49.0 53

 54 FA313190015 Other 13.4 13.4 10.9 -15.4 8.1 2.6 48.4 -6.1 20.0 54

 55 FA317005005 Discrepancy -36.5 -59.8 -63.3 -147.4 -98.5 136.0 -143.3 -105.4 -88.5 55

 Memo:

 56 FA314000105 Change in cash balance (6) 69.6 62.1 109.9 -362.3 510.6 -74.1 365.4 53.2 92.3 56

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

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

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

 the government purchased from depository institutions and finance companies.

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

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

(6) Time and savings deposits (line 28) plus checkable deposits and currency at the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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22 Z.1, September 16, 2016

F.107 State and Local Governments (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA206010105 Current receipts, NIPA basis 2136.8 2227.7 2331.5 2291.9 2301.1 2322.7 2410.3 2354.1 2357.2 1

 2 FA206210001 Personal current taxes 375.9 384.6 406.1 402.6 406.5 404.5 410.6 412.0 408.1 2

 3 FA206240001 Taxes on production and imports 1050.1 1075.7 1098.3 1089.5 1094.0 1103.0 1106.5 1111.7 1124.9 3

 4 FA206231001 Taxes on corporate income 55.5 58.6 60.3 60.9 60.6 60.1 59.6 62.4 58.6 4

 5 FA206601001 Contributions for govt. social insurance 18.5 19.1 19.0 19.1 19.0 19.0 19.0 19.1 19.2 5

 6 FA206150105 Income receipts on assets 75.4 77.2 79.6 78.6 79.3 80.1 80.6 81.6 82.0 6

 7 FA206403105 Current transfer receipts 571.3 624.5 679.6 652.9 653.3 667.4 744.9 678.1 675.6 7

 8 FA206402101 Current surplus of government enterprises -9.8 -11.9 -11.4 -11.7 -11.5 -11.3 -11.0 -10.9 -11.2 8

 9 FA206900005 Current expenditures, NIPA basis 2327.3 2397.6 2492.8 2449.0 2490.2 2510.7 2521.4 2527.7 2549.9 9

 10 FA206901001 Consumption expenditures 1562.7 1601.6 1641.2 1615.7 1638.4 1652.1 1658.5 1654.0 1669.1 10

 11 FA206404001 Govt. social benefit payments to persons 563.4 612.9 666.0 650.7 667.0 671.9 674.2 683.0 688.7 11

 12 FA206403001 Other current transfer payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA206130001 Interest payments 200.7 182.6 185.2 182.1 184.2 186.2 188.2 190.1 191.7 13

 14 FA206402001 Subsidies 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 14

 15 FA206006005 Net saving, NIPA basis -190.5 -169.8 -161.3 -157.1 -189.0 -187.9 -111.1 -173.6 -192.7 15

 16 FA206300003 + Consumption of fixed capital 238.5 246.1 251.0 249.0 250.8 252.1 252.3 252.6 255.2 16

 17 FA205440005 - Net capital transfers paid (2) -71.6 -70.9 -69.3 -67.9 -68.3 -71.9 -69.1 -73.4 -73.8 17

 18 FA206000105 = Gross saving less net capital transfers paid 119.6 147.2 159.0 159.8 130.0 136.1 210.3 152.4 136.4 18

 19 FA205090005 Gross investment 83.3 163.7 150.5 195.0 61.8 210.0 135.1 164.2 215.6 19

 20 FA205019001 Fixed investment 323.9 331.6 352.2 340.2 356.6 359.2 352.6 366.5 355.1 20

 21 FA205420003 Nonproduced nonfinancial assets 9.0 8.9 9.2 9.1 9.2 9.2 9.2 9.2 9.2 21

 22 FA215000005 Net lending (+) or net borrowing (-) -249.6 -176.8 -210.9 -154.3 -304.0 -158.4 -226.7 -211.5 -148.7 22

 23 FA214090005 Net acquisition of financial assets -22.8 88.4 95.7 178.9 -27.7 186.3 45.3 70.2 193.5 23

 24 FA213020005 Checkable deposits and currency 7.1 16.0 -8.8 -21.2 20.3 -6.3 -27.9 25.9 1.4 24

 25 FA213030005 Time and savings deposits 18.1 8.9 13.6 28.5 2.8 -3.0 25.9 5.3 20.5 25

 26 FA213034003 Money market fund shares 0.5 6.7 11.7 14.2 4.1 14.3 14.3 3.8 7.5 26

 27 FA212051003 Security repurchase agreements 0.9 5.8 9.9 11.8 3.8 11.9 12.0 3.1 6.0 27

 28 FA214022005 Debt securities -63.8 19.5 28.1 89.8 -85.2 116.8 -8.9 18.4 111.9 28

 29 FA213069103 Open market paper -9.8 -7.1 -3.0 -4.5 -8.6 10.8 -9.5 -10.7 2.6 29

 30 FA213061105 Treasury securities -20.0 36.5 43.2 77.3 -55.2 91.5 59.2 63.6 62.7 30

 31 FA213061703 Agency- and GSE-backed securities -32.0 -14.8 -22.4 3.8 -23.3 1.5 -71.6 -38.7 38.4 31

 32 FA213062003 Municipal securities -0.1 0.4 0.8 1.0 0.1 1.0 1.0 0.3 0.6 32

 33 FA213063003 Corporate and foreign bonds -1.8 4.6 9.5 12.1 1.8 12.1 12.0 3.8 7.6 33

 34 FA213065005 Loans (mortgages) -1.1 6.3 12.4 16.2 2.8 15.3 15.4 5.2 9.8 34

 35 FA213064103 Corporate equities -1.0 2.5 5.1 6.5 1.0 6.4 6.4 2.1 4.0 35

 36 FA213064203 Mutual fund shares -0.5 1.3 2.6 3.3 0.5 3.3 3.3 1.1 2.1 36

 37 FA213070003 Trade receivables 9.5 10.1 0.9 1.8 10.2 -4.5 -3.9 -3.1 18.2 37

 38 FA213078005 Taxes receivable 4.1 3.7 9.0 15.3 6.1 6.9 7.6 5.9 6.7 38

 39 FA213093003 Miscellaneous assets 3.4 7.5 11.2 12.7 5.9 25.0 1.2 2.7 5.3 39

 40 FA214190005 Net increase in liabilities 226.7 265.2 306.5 333.2 276.3 344.8 271.9 281.7 342.2 40

 41 FA213162005 Debt securities (municipal securities) -56.8 -35.2 10.2 54.3 16.5 6.4 -36.5 22.1 65.6 41

 42 FA213162400 Short-term (3) -10.9 -6.4 -6.1 -1.8 8.1 -27.4 -3.4 -0.7 10.7 42

 43 FA213162200 Long-term -45.9 -28.8 16.3 56.1 8.4 33.8 -33.1 22.8 54.9 43

 44 FA213169203 Loans (U.S. government loans) 0.5 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 0.2 44

 45 FA213170003 Trade payables 38.2 38.9 40.1 39.2 40.4 40.7 40.3 40.7 40.6 45

 46 FA223073045 Claims of pension fund on sponsor (4) 244.9 261.1 256.0 239.4 219.3 298.0 267.3 218.1 235.7 46

 47 FA217005005 Discrepancy 36.3 -16.6 8.6 -35.3 68.2 -73.9 75.2 -11.9 -79.2 47

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

(2) Table F.5, line 62.

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

(4) Included in miscellaneous liabilities.
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F.108 Domestic Financial Sectors (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA796000105 Gross saving less net capital transfers paid 178.6 198.6 211.1 189.8 250.4 236.6 167.8 249.3 271.0 1

 2 FA795090005 Gross investment 397.7 242.5 358.9 520.0 404.4 335.0 176.4 353.8 281.0 2

 3 FA795019005 Capital expenditures 216.2 225.5 238.5 243.9 243.1 224.4 242.6 241.1 250.2 3

 4 FA645012063 Fixed residential investment 15.0 7.8 -0.0 10.9 8.6 -18.5 -1.1 -1.3 8.4 4

 5 FA795013005 Fixed nonresidential investment 201.3 217.7 238.5 233.0 234.5 242.8 243.8 242.5 241.7 5

 6 FA795000005 Net lending (+) or net borrowing (-) 181.5 17.0 120.4 276.0 161.3 110.6 -66.2 112.7 30.8 6

 7 FA794090005 Net acqisition of financial assets 3046.9 2562.0 1306.9 2600.7 874.6 1164.3 588.3 4070.1 2203.5 7

 8 FA713011005 U.S. official reserve assets 0.2 0.2 0.1 0.1 0.1 0.2 0.1 -0.5 0.0 8

 9 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA713012003 Treasury currency 0.7 0.8 1.3 1.5 1.3 1.3 1.0 0.6 0.9 10

 11 FA633091003 Foreign deposits -9.8 -9.8 -13.4 -16.1 8.0 -39.7 -6.0 26.0 -18.6 11

 12 FA794010005 Net interbank assets 760.1 131.5 -401.8 242.6 -773.0 -178.8 -898.0 610.6 -331.4 12

 13 FA793020005 Checkable deposits and currency -3.6 -17.2 -14.7 -31.0 -102.1 124.6 -50.2 19.6 63.8 13

 14 FA793030005 Time and savings deposits 81.7 14.0 -83.9 88.1 -4.1 -234.3 -185.3 298.6 -420.6 14

 15 FA793034005 Money market fund shares -57.8 19.4 38.9 113.4 -62.2 105.1 -0.6 136.8 -52.1 15

 16 FA792050005 Federal funds and security repos -452.3 11.4 62.9 51.6 79.5 366.3 -245.9 -487.4 517.9 16

 17 FA794022005 Debt securities 1276.3 838.7 617.1 311.5 111.6 -51.1 2096.3 1318.1 1193.9 17

 18 FA793069175 Open market paper 20.3 -25.2 18.1 -60.0 65.5 65.3 1.5 288.2 -142.8 18

 19 FA793061105 Treasury securities 482.8 605.7 414.9 77.8 -247.9 -61.7 1891.4 664.5 306.0 19

 20 FA793061705 Agency- and GSE-backed securities 388.9 76.0 23.1 49.2 -101.1 -41.6 185.7 171.7 596.0 20

 21 FA793062005 Municipal securities -16.2 22.2 65.2 108.4 48.5 24.1 79.6 71.1 128.7 21

 22 FA793063005 Corporate and foreign bonds 400.5 160.1 95.9 136.0 346.5 -37.1 -61.8 122.7 306.0 22

 23 FA794023005 Loans 520.6 773.8 726.3 682.3 1005.4 356.6 860.7 951.4 955.4 23

 24 FA793068005 Depository institution loans n.e.c. 196.5 320.0 280.6 419.8 273.4 180.4 248.7 424.2 154.1 24

 25 FA793069005 Other loans and advances 157.4 150.1 -59.2 -30.7 102.2 -351.2 42.7 46.1 149.6 25

 26 FA793065005 Mortgages 93.3 189.3 371.4 203.5 465.7 379.0 437.3 378.6 511.0 26

 27 FA793066005 Consumer credit 73.4 114.4 133.5 89.7 164.1 148.4 131.9 102.5 140.5 27

 28 FA793064105 Corporate equities 35.9 -12.7 37.1 -51.3 127.2 15.9 56.6 -408.5 -278.2 28

 29 FA793064205 Mutual fund shares 131.3 19.0 20.7 91.3 78.6 -110.0 22.8 111.1 -18.6 29

 30 FA793070005 Trade receivables -2.2 1.2 8.7 22.1 15.4 3.6 -6.1 22.6 11.9 30

 31 FA793040005 Life insurance reserves 10.8 10.9 10.6 9.4 12.6 9.6 10.6 9.5 9.7 31

 32 FA793092005 U.S. direct investment abroad 25.1 19.2 25.8 38.2 44.4 7.6 12.9 37.1 111.9 32

 33 FA793090005 Miscellaneous assets 730.0 761.7 271.4 1047.1 331.8 787.3 -1080.5 1424.4 457.7 33

 34 FA794190005 Net increase in liabilities 2865.4 2545.0 1186.5 2324.6 713.2 1053.7 654.6 3957.5 2172.7 34

 35 FA794110005 Net interbank liabilities 1129.1 115.3 -502.0 554.8 -1196.9 -185.2 -1180.7 725.9 -545.5 35

 36 FA793120005 Checkable deposits and currency 332.6 351.1 292.2 -44.6 679.3 -107.7 641.8 536.3 400.0 36

 37 FA703130005 Time and savings deposits 409.1 513.2 406.2 721.6 18.3 494.9 389.9 548.6 276.3 37

 38 FA634090005 Money market fund shares 24.6 6.8 30.1 -84.4 43.5 43.4 118.0 257.0 -53.2 38

 39 FA792150005 Federal funds and security repos -382.6 9.0 -25.1 -17.2 -174.0 228.8 -137.9 -683.6 243.8 39

 40 FA794122005 Debt securities 65.0 170.4 163.2 -208.4 266.9 278.7 315.4 354.5 409.4 40

 41 FA793169175 Open market paper -48.9 -37.3 -42.7 -93.0 111.1 -100.4 -88.8 167.5 -32.9 41

 42 FA423161705 Agency- and GSE-backed securities 238.3 150.3 220.4 -148.6 213.7 318.6 498.1 60.8 580.4 42

 43 FA793163005 Corporate and foreign bonds -124.4 57.4 -14.5 33.2 -57.9 60.5 -93.9 126.2 -138.1 43

 44 FA794123005 Loans 189.9 149.2 2.6 56.2 38.8 11.5 -96.0 231.6 161.5 44

 45 FA793168005 Depository institution loans n.e.c. 33.2 13.3 -18.6 36.1 33.6 -49.6 -94.6 25.8 -2.5 45

 46 FA793169005 Other loans and advances 136.8 126.6 17.2 3.8 -8.2 46.7 26.6 209.2 182.6 46

 47 FA643165005 Mortgages 19.9 9.3 4.0 16.4 13.3 14.4 -28.0 -3.5 -18.5 47

 48 FA793164105 Corporate equities 175.5 235.5 232.8 313.4 169.5 139.8 308.3 146.2 107.7 48

 49 FA653164205 Mutual fund shares 346.0 309.4 95.3 252.6 224.7 -35.8 -60.4 -22.7 76.2 49

 50 FA663170003 Trade payables 0.3 3.4 8.4 5.0 17.7 2.4 8.4 -4.1 6.5 50

 51 FA543140005 Life insurance reserves 19.9 47.1 44.6 60.4 32.2 57.4 28.5 62.2 43.9 51

 52 FA153050005 Pension entitlements 488.3 311.1 435.5 404.9 440.0 385.2 511.8 602.6 426.0 52

 53 FA793178005 Taxes payable 17.7 16.6 -13.5 35.5 -53.7 -24.0 -11.8 54.1 -7.2 53

 54 FA662090205 Equity in noncorporate business -5.2 2.0 2.3 -1.2 -2.0 24.2 -11.7 -7.9 -3.2 54

 55 FA793192005 Foreign direct investment in U.S. 29.7 21.6 31.3 33.5 26.9 12.4 52.5 222.9 25.6 55

 56 FA793190005 Miscellaneous liabilities 25.4 283.5 -17.3 242.7 182.0 -272.3 -221.7 933.7 604.9 56

 57 FA797005005 Discrepancy -219.1 -44.0 -147.8 -330.2 -154.0 -98.4 -8.6 -104.5 -9.9 57

(1) Sum of financial sectors shown on tables F.109 through F.132.
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F.109 Monetary Authority (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA716000105 Gross saving -0.8 5.7 -10.6 11.9 8.3 8.8 -71.4 6.4 9.2 1

 2 FA715013005 Fixed nonresidential investment 0.6 0.7 0.8 0.8 0.8 0.8 0.8 0.8 0.8 2

 3 FA714090005 Net acquisition of financial assets 1118.8 481.6 -13.3 -10.5 -23.1 0.1 -19.6 39.7 -68.8 3

 4 FA713011005 U.S. official reserve assets 0.2 0.2 0.1 0.1 0.1 0.2 0.1 -0.5 0.0 4

 5 FA713014003 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA713012003 Treasury currency 0.7 0.8 1.3 1.5 1.3 1.3 1.0 0.6 0.9 6

 7 FA713022003 Federal Reserve float (2) -0.5 0.4 0.5 -0.8 1.3 1.3 0.2 -4.6 -0.4 7

 8 FA713068705 Interbank loans (2) 0.0 0.1 -0.0 -0.4 0.5 0.3 -0.5 -0.2 0.6 8

 9 FA713068703 Discount window (3) 0.0 0.1 -0.0 -0.4 0.5 0.3 -0.5 -0.2 0.6 9

 10 FA763069143 AMLF (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FA712051000 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA714022005 Debt securities 1086.6 480.7 5.1 21.6 -11.5 17.2 -6.9 62.4 -64.5 12

 13 FA713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA713061100 Treasury securities 542.6 252.6 0.2 48.4 -8.1 -16.3 -23.2 54.7 -9.7 14

 15 FA713061113 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA713061125 Other Treasury securities 542.6 252.6 0.2 48.4 -8.1 -16.3 -23.2 54.7 -9.7 16

 17 FA713061705 Agency- and GSE-backed securities 543.9 228.1 4.9 -26.8 -3.4 33.5 16.3 7.8 -54.8 17

 18 FA713061903 Mortgage-backed securities 563.5 246.7 10.6 -19.6 0.5 36.7 24.9 22.5 -38.2 18

 19 FA713061703 Other agency- and GSE-baked securities -19.6 -18.5 -5.7 -7.2 -3.9 -3.2 -8.6 -14.7 -16.6 19

 20 FA713068005 Loans (depository institution loans n.e.c.) -0.5 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FA713068303 Households (TALF) (5) -0.5 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA713068665 Brokers and dealers (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA713068505 Funding corporations (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA713068473 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 FA713064103 Corporate equities (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FA713090005 Miscellaneous assets 32.3 -0.5 -20.2 -32.4 -14.8 -20.2 -13.4 -18.1 -5.3 26

 27 FA713091103 Nonofficial foreign currencies (9) -8.6 1.3 -0.5 -2.9 -0.7 0.2 1.3 -3.4 11.4 27

 28 FA713093005 Other 40.9 -1.8 -19.7 -29.5 -14.1 -20.4 -14.7 -14.7 -16.7 28

 29 FA714190005 Net increase in liabilities 1118.7 480.6 5.3 -11.5 -24.3 -0.5 57.5 39.7 -68.8 29

 30 FA713113003 Depository institution reserves 758.0 128.9 -400.8 237.1 -779.3 -179.2 -882.0 592.8 -348.4 30

 31 FA703025005 Vault cash of depository institutions 2.6 2.0 -1.4 6.6 4.5 -1.2 -15.7 22.6 16.8 31

 32 FA713120005 Checkable deposits and currency 139.5 152.2 204.4 -295.9 601.2 51.6 460.7 149.4 228.7 32

 33 FA713123005 Due to federal government 69.8 61.0 110.1 -361.4 509.4 -75.2 367.4 53.5 91.5 33

 34 FA713123023 Treasury cash holdings 0.1 -0.0 0.1 -0.0 -0.4 0.4 0.3 -0.2 -0.6 34

 35 FA713123030 Treasury general deposit account 69.7 61.1 110.0 -361.4 509.8 -75.5 367.1 53.7 92.1 35

 36 FA713123043 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 37 FA713124003 Due to government-sponsored enterprises -1.3 -5.8 10.9 3.0 29.4 15.5 -4.2 40.8 40.0 37

 38 FA713122605 Due to rest of the world 1.5 -2.7 -0.0 -0.1 0.1 3.9 -4.0 -0.1 0.0 38

 39 FA713125005 Currency outside banks 69.5 99.7 83.4 62.6 62.3 107.3 101.6 55.3 97.1 39

 40 FA712151003 Security repurchase agreements 208.7 193.9 202.6 108.1 85.2 331.7 285.3 -647.4 -26.8 40

 41 FA712151103 Reverse repurchase agreement operations (10) 197.8 199.0 77.9 -72.9 56.4 228.0 99.9 -683.0 -100.2 41

 42 FA712151115 Other 11.0 -5.0 124.7 180.9 28.8 103.6 185.4 35.6 73.4 42

 43 FA713190005 Miscellaneous liabilities 9.8 3.5 0.6 -67.4 64.0 -203.3 209.1 -77.6 60.8 43

 44 FA713164003 Federal Reserve Bank stock 0.1 1.1 0.9 1.0 1.2 0.6 0.7 2.5 0.1 44

 45 FA713193005 Other 9.7 2.4 -0.3 -68.4 62.8 -203.9 208.4 -80.2 60.7 45

 46 FA717005005 Discrepancy -1.6 3.9 7.2 10.1 6.3 7.4 4.9 5.6 8.4 46

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

(2) Shown on table F.203.

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

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

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

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

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

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

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

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA706000105 Gross saving less net capital transfers paid (2) 16.9 -47.1 -51.4 -32.6 -52.0 -43.0 -78.0 -56.3 -26.4 1

 2 FA705013005 Fixed nonresidential investment 25.0 27.2 29.7 25.6 26.8 32.2 34.2 34.6 34.5 2

 3 FA705000005 Net lending (+) or net borrowing (-) 46.4 -124.7 43.4 135.9 122.7 54.7 -139.9 76.9 -47.5 3

 4 FA704090005 Net acquisition of financial assets 993.4 972.1 518.7 1421.8 59.0 351.5 242.6 1696.1 810.8 4

 5 FA703025005 Vault cash 2.6 2.0 -1.4 6.6 4.5 -1.2 -15.7 22.6 16.8 5

 6 FA713113003 Reserves at Federal Reserve 758.0 128.9 -400.8 237.1 -779.3 -179.2 -882.0 592.8 -348.4 6

 7 FA702050005 Federal funds and security repos -98.0 10.6 25.2 46.9 18.2 -34.6 70.2 -67.6 30.4 7

 8 FA704022005 Debt securities 46.3 216.7 203.3 255.2 141.5 69.6 347.0 148.0 316.1 8

 9 FA703069175 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA703061105 Treasury securities -35.1 195.4 36.8 12.2 72.5 -21.6 84.0 47.6 114.1 10

 11 FA703061705 Agency- and GSE-backed securities 42.4 26.2 155.2 198.9 119.0 38.9 264.1 -12.1 85.7 11

 12 FA703062005 Municipal securities 55.1 31.0 47.4 62.2 47.3 38.6 41.3 41.4 67.9 12

 13 FA703063005 Corporate and foreign bonds -16.2 -35.9 -36.0 -18.0 -97.4 13.8 -42.4 71.1 48.4 13

 14 FA704023005 Loans 260.9 578.8 676.0 709.4 638.6 594.9 761.2 782.9 679.1 14

 15 FA703068005 Depository institution loans n.e.c. 197.0 320.1 280.6 419.8 273.4 180.4 248.7 424.2 154.1 15

 16 FA703069005 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA703065005 Mortgages -11.0 149.9 255.7 205.2 230.2 260.8 326.5 242.2 389.6 17

 18 FA703066005 Consumer credit 74.9 108.8 139.8 84.4 135.0 153.7 186.0 116.5 135.3 18

 19 FA703064105 Corporate equities 0.8 0.7 2.0 -1.7 3.1 3.2 3.5 -29.5 -1.8 19

 20 FA703064205 Mutual fund shares 1.1 -0.9 -1.0 -3.0 4.4 -2.8 -2.6 4.1 -0.4 20

 21 FA763040005 Life insurance reserves 5.7 5.9 6.5 5.2 8.6 5.6 6.6 5.5 5.7 21

 22 FA763092000 U.S. direct investment abroad 0.4 3.2 0.8 -4.1 0.2 -6.6 13.7 -3.1 -6.5 22

 23 FA703090005 Miscellaneous assets 15.6 26.1 8.1 170.1 19.2 -97.4 -59.4 240.2 119.8 23

 24 FA704190005 Net increase in liabilities 947.0 1096.8 475.3 1285.8 -63.7 296.8 382.5 1619.2 858.3 24

 25 FA704110005 Net interbank liabilities 368.5 -15.7 -99.7 311.0 -422.1 -4.7 -283.1 110.5 -214.0 25

 26 FA703127005 Checkable deposits 193.1 198.8 87.8 251.3 78.1 -159.3 181.0 386.9 171.3 26

 27 FA703131005 Small time and savings deposits 307.0 365.0 513.7 871.9 81.1 464.9 636.9 388.6 555.3 27

 28 FA703135005 Large time deposits 102.1 148.2 -107.5 -150.3 -62.8 30.0 -246.9 160.0 -279.0 28

 29 FA702150005 Federal funds and security repos -92.8 25.4 -4.0 -64.1 12.6 -77.8 113.3 -29.4 52.7 29

 30 FA704122005 Debt securities -102.7 -17.2 -9.3 -79.4 4.1 10.4 27.9 36.9 -26.0 30

 31 FA703169175 Open market paper -27.8 -5.2 -0.9 -21.9 4.3 4.0 9.9 12.0 -4.4 31

 32 FA763163005 Corporate bonds -74.9 -12.0 -8.4 -57.5 -0.3 6.4 17.9 24.9 -21.6 32

 33 FA703169005 Loans (other loans and advances) 75.3 66.6 39.7 -16.9 81.7 -1.6 95.5 57.9 146.8 33

 34 FA763164103 Corporate equity issues 2.2 2.7 9.5 24.0 2.2 2.2 9.5 3.4 4.0 34

 35 FA763178003 Taxes payable (net) 0.1 15.2 -4.4 19.1 -27.6 8.6 -17.7 41.4 17.7 35

 36 FA753192003 Foreign direct investment in U.S. 8.8 1.5 1.1 -12.4 13.8 2.0 0.9 7.3 6.3 36

 37 FA703190005 Miscellaneous liabilities 85.4 306.3 48.5 131.7 175.2 22.0 -134.8 455.6 423.2 37

 38 FA763194735 Investment by holding companies 59.2 195.9 36.5 -81.7 109.7 73.8 44.3 147.7 288.1 38

 39 FA753194503 Investment by funding corporations -2.5 -20.3 2.2 -27.9 51.6 -3.1 -11.9 86.9 -48.8 39

 40 FA703193005 Other 28.7 130.6 9.9 241.3 14.0 -48.7 -167.2 221.1 183.9 40

 41 FA707005005 Discrepancy -54.4 50.4 -124.5 -194.1 -201.6 -129.9 27.7 -167.9 -13.5 41

 Memo:

 42 FA763066303 Consumer leases not included above (3) 1.5 0.7 -0.6 0.1 -0.1 -1.4 -1.2 0.4 1.0 42

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

(2) Net capital transfers paid from table F.5, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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F.111 U.S.-Chartered Depository Institutions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA766000105 Gross saving less net capital transfers paid (1) 1.0 -64.1 -67.4 -48.7 -68.0 -59.0 -94.0 -68.7 -41.5 1

 2 FA765013005 Fixed nonresidential investment 18.9 20.3 22.5 18.4 19.7 25.0 27.1 27.6 27.4 2

 3 FA764090005 Net acquisition of financial assets 635.0 845.5 579.2 1384.0 -100.9 347.6 686.0 1272.7 484.0 3

 4 FA763025000 Vault cash 2.5 2.0 -1.4 6.8 4.5 -1.2 -15.7 22.6 16.8 4

 5 FA763013005 Reserves at Federal Reserve 454.4 190.7 -207.9 247.4 -798.4 -108.1 -172.5 304.7 -376.9 5

 6 FA762050005 Federal funds and security repos -87.2 -30.4 24.8 120.2 -24.8 13.6 -10.0 -16.8 40.1 6

 7 FA764022005 Debt securities 90.7 241.5 214.4 292.5 208.7 49.4 306.9 94.7 222.1 7

 8 FA763069175 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA763061100 Treasury securities -26.1 203.3 14.8 9.5 63.5 -11.1 -2.9 12.8 92.9 9

 10 FA763061705 Agency- and GSE-backed securities 47.7 43.0 164.4 218.8 121.9 64.1 253.0 21.7 73.4 10

 11 FA763061803 Residential mortgage pass-through securities 40.8 26.2 149.9 178.2 137.7 76.6 207.3 1.8 113.5 11

 12 FA763061303 Commercial mortgage pass-through securities 8.5 12.2 19.1 14.0 13.9 17.7 30.6 19.5 18.4 12

 13 FA763061603 Residential CMOs and other structured MBS -23.6 13.0 -0.1 19.2 -27.3 -4.9 12.5 -7.6 -39.9 13

 14 FA763061403 Commercial CMOs and other structured MBS 23.9 14.6 15.3 8.8 8.4 14.9 28.9 34.8 26.3 14

 15 FA763061795 Other -1.9 -23.0 -19.7 -1.4 -10.9 -40.1 -26.4 -26.8 -45.0 15

 16 FA763062000 Municipal securities 53.8 32.7 47.4 61.3 47.2 39.0 42.0 40.1 67.5 16

 17 FA763063005 Corporate and foreign bonds 15.2 -37.4 -12.2 2.8 -23.8 -42.7 14.9 20.1 -11.7 17

 18 FA763063673 Private residential mortgage pass-through securities 9.9 -6.0 -8.0 -6.1 -6.5 -9.9 -9.6 -7.5 -6.4 18

 19 FA763063653 Private commercial mortgage pass-through securities -1.2 -2.5 -2.5 -1.7 -5.6 -2.0 -0.8 -2.8 -1.0 19

 20 FA763063663 Private residential CMOs and other structured MBS -14.6 -5.6 -12.0 -11.0 -7.4 -11.2 -18.4 -9.7 -5.5 20

 21 FA763063693 Private commercial CMOs and other structured MBS 4.6 5.4 10.6 13.3 8.4 7.5 13.4 -3.8 -4.8 21

 22 FA763063095 Other 16.5 -28.8 -0.3 8.2 -12.6 -27.1 30.2 43.9 6.0 22

 23 FA764023005 Loans 170.7 439.2 527.4 550.0 479.3 465.2 615.1 679.4 520.6 23

 24 FA763068005 Depository institution loans n.e.c. 144.3 249.8 214.1 314.9 207.3 142.3 192.1 371.0 98.1 24

 25 FA763069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FA763065005 Mortgages -26.6 117.9 213.0 188.6 180.9 206.3 276.4 220.9 320.7 26

 27 FA763066000 Consumer credit 52.9 71.5 100.2 46.5 91.2 116.6 146.6 87.5 101.9 27

 28 FA763064105 Corporate equities 0.8 0.7 2.0 -1.7 3.1 3.2 3.5 -29.5 -1.8 28

 29 FA763064203 Mutual fund shares 1.6 -0.7 -0.9 -2.5 3.8 -3.3 -1.6 4.1 -0.5 29

 30 FA763040005 Life insurance reserves 5.7 5.9 6.5 5.2 8.6 5.6 6.6 5.5 5.7 30

 31 FA763092000 U.S. direct investment abroad 0.4 3.2 0.8 -4.1 0.2 -6.6 13.7 -3.1 -6.5 31

 32 FA763090005 Miscellaneous assets -4.8 -6.6 13.5 170.2 14.0 -70.2 -60.1 211.0 64.3 32

 33 FA764190005 Net increase in liabilities 632.4 981.2 528.0 1338.2 -254.7 242.3 786.2 1356.4 682.3 33

 34 FA764110005 Net interbank liabilities 191.0 54.5 -52.7 382.0 -626.6 -94.0 128.0 130.7 -335.5 34

 35 FA713022003 Federal Reserve float -0.5 0.4 0.5 -0.8 1.3 1.3 0.2 -4.6 -0.4 35

 36 FA713068705 Borrowing from Federal Reserve banks 0.0 0.1 -0.0 -0.4 0.5 0.3 -0.5 -0.2 0.6 36

 37 FA764112005 To domestic banking 38.5 -45.3 -16.9 252.5 -253.8 69.7 -136.1 258.5 -298.3 37

 38 FA764116005 To foreign banks 153.0 99.3 -36.2 130.7 -374.6 -165.4 264.5 -123.1 -37.3 38

 39 FA763127005 Checkable deposits 148.2 136.2 50.3 171.4 30.8 -127.3 126.4 290.0 94.7 39

 40 FA763123005 Federal government 0.3 0.9 -0.2 -0.3 0.1 0.2 -0.7 -0.4 0.4 40

 41 FA763129205 Private domestic 148.6 130.0 65.1 174.2 44.5 -82.0 123.6 267.9 94.8 41

 42 FA763122605 Rest of the world -0.7 5.3 -14.6 -2.5 -13.9 -45.5 3.5 22.5 -0.5 42

 43 FA763131005 Small time and savings deposits 256.7 343.8 462.2 711.8 166.0 377.2 593.6 426.0 423.5 43

 44 FA763135005 Large time deposits 23.9 102.5 21.9 38.0 -76.0 153.8 -28.3 111.1 -37.4 44

 45 FA762150005 Federal funds and security repos -80.5 -33.2 -39.4 -30.1 -9.8 -81.2 -36.4 -12.4 -38.3 45

 46 FA764122005 Debt securities -102.7 -17.2 -9.3 -79.4 4.1 10.4 27.9 36.9 -26.0 46

 47 FA763169175 Open market paper -27.8 -5.2 -0.9 -21.9 4.3 4.0 9.9 12.0 -4.4 47

 48 FA763163005 Corporate bonds -74.9 -12.0 -8.4 -57.5 -0.3 6.4 17.9 24.9 -21.6 48

 49 FA763169305 Loans (other loans and advances) 73.3 58.2 30.4 -15.0 61.6 -21.4 96.4 64.8 140.6 49

 50 FA763164103 Corporate equity issues 2.2 2.7 9.5 24.0 2.2 2.2 9.5 3.4 4.0 50

 51 FA763178003 Taxes payable (net) 0.1 15.2 -4.4 19.1 -27.6 8.6 -17.7 41.4 17.7 51

 52 FA763190005 Miscellaneous liabilities 120.1 318.5 59.4 116.4 220.7 14.0 -113.3 264.5 439.0 52

 53 FA763194735 Investment by holding companies 59.2 195.9 36.5 -81.7 109.7 73.8 44.3 147.7 288.1 53

 54 FA763193005 Other 60.9 122.5 22.9 198.1 111.0 -59.8 -157.6 116.8 150.9 54

 55 FA767005005 Discrepancy -20.5 51.3 -141.1 -112.9 -241.4 -189.3 -20.9 -12.5 129.5 55

 Memo:

 56 FA763066303 Consumer leases not included above (2) 1.5 0.7 -0.6 0.1 -0.1 -1.4 -1.2 0.4 1.0 56

(1) Net capital transfers paid from table F.5, line 54.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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F.112 Foreign Banking Offices in U.S. (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA756330005 Gross saving 4.1 4.4 3.4 3.4 3.4 3.5 3.5 3.5 3.5 1

 2 FA755013005 Fixed nonresidential investment 3.4 3.8 3.3 3.3 3.3 3.4 3.3 3.3 3.3 2

 3 FA754090005 Net acquisition of financial assets 316.5 56.3 -142.0 -53.8 110.6 -54.1 -570.5 348.1 268.7 3

 4 FA753025003 Vault cash 0.0 0.0 -0.0 -0.2 -0.0 0.0 0.0 0.0 0.0 4

 5 FA753013003 Reserves at Federal Reserve 309.3 -59.3 -198.4 -65.8 57.6 -62.2 -723.2 235.6 66.9 5

 6 FA752050005 Federal funds and security repos -1.2 41.1 0.4 -73.4 43.0 -48.2 80.1 -50.8 -9.7 6

 7 FA754022005 Debt securities -50.4 -14.5 -9.0 -33.9 -50.0 37.9 10.0 85.1 96.6 7

 8 FA753069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA753061103 Treasury securities -9.6 -10.5 13.3 -3.2 6.2 -10.4 60.7 37.5 40.2 9

 10 FA753061703 Agency- and GSE-backed securities -6.7 -4.9 2.6 -4.7 15.9 -9.3 8.6 0.4 -0.9 10

 11 FA753062003 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA753063005 Corporate and foreign bonds -34.1 0.9 -24.9 -25.9 -72.0 57.6 -59.2 47.3 57.3 12

 13 FA754023005 Loans 45.7 74.7 78.1 101.6 83.8 54.1 73.0 55.3 89.1 13

 14 FA753068005 Depository institution loans n.e.c. 46.3 67.4 64.4 102.2 69.6 31.4 54.2 36.3 71.2 14

 15 FA753069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA753065005 Mortgages -0.6 7.3 13.8 -0.6 14.2 22.7 18.8 18.9 17.9 16

 17 FA753064103 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA753093005 Miscellaneous assets 13.1 14.4 -13.0 17.8 -23.7 -35.6 -10.5 22.9 25.8 18

 19 FA754190005 Net increase in liabilities 267.9 57.1 -127.3 -132.6 143.9 8.4 -529.1 201.3 122.7 19

 20 FA754110005 Net interbank liabilities 175.1 -70.3 -49.6 -123.3 250.7 107.6 -433.5 -59.4 171.8 20

 21 FA754116005 To foreign banks 159.2 -68.4 -54.6 -141.8 255.0 90.0 -421.6 -73.9 159.3 21

 22 FA754112005 To domestic banks 15.9 -1.9 5.0 18.5 -4.3 17.6 -11.8 14.6 12.5 22

 23 FA753127005 Checkable deposits 30.8 45.2 16.4 46.7 46.9 -33.4 5.3 72.5 80.5 23

 24 FA753131005 Small time and savings deposits 27.7 -5.9 13.0 167.5 -150.5 32.3 2.7 2.9 8.7 24

 25 FA753135005 Large time deposits 71.1 39.7 -134.4 -188.3 6.4 -129.7 -225.8 31.0 -241.5 25

 26 FA752150005 Federal funds and security repos -12.3 58.6 35.3 -34.1 22.4 3.4 149.7 -17.0 91.1 26

 27 FA753169603 Debt securities (open market paper) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA753192003 Foreign direct investment in U.S. 8.8 1.5 1.1 -12.4 13.8 2.0 0.9 7.3 6.3 28

 29 FA753190005 Miscellaneous liabilities -33.2 -11.7 -9.1 11.3 -45.8 26.2 -28.3 164.0 5.9 29

 30 FA753194503 Investment by funding corporations -2.5 -20.3 2.2 -27.9 51.6 -3.1 -11.9 86.9 -48.8 30

 31 FA753193005 Other -30.7 8.6 -11.3 39.2 -97.4 29.3 -16.4 77.1 54.7 31

 32 FA757005005 Discrepancy -47.9 1.2 14.7 -78.8 33.4 62.6 41.7 -146.6 -145.8 32

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA746330005 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 FA745013005 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2

 3 FA744090005 Net acquisition of financial assets 8.8 7.3 -3.4 -24.5 20.5 -6.0 -3.7 19.5 -12.8 3

 4 FA744022003 Debt securities 1.5 -1.2 0.8 -0.2 1.5 -0.0 1.9 -0.4 3.0 4

 5 FA743061103 Treasury securities 0.7 0.2 1.1 0.6 1.4 1.5 0.8 0.3 1.4 5

 6 FA743061703 Agency- and GSE-backed securities -0.8 -0.1 0.1 -1.0 1.4 0.0 -0.0 -1.2 -0.1 6

 7 FA743062003 Municipal securities 0.9 -0.9 -0.6 0.2 -1.0 -1.1 -0.4 -0.6 -0.0 7

 8 FA743063005 Corporate and foreign bonds 0.6 -0.4 0.2 0.1 -0.3 -0.5 1.6 1.1 1.7 8

 9 FA744023003 Loans -1.2 -4.3 -5.8 -16.1 -3.4 -2.6 -1.0 -1.9 -2.7 9

 10 FA743068005 Depository institution loans n.e.c. 1.3 -2.3 -2.0 -5.7 -0.5 -1.6 -0.1 -1.9 -1.2 10

 11 FA743065103 Home mortgages -1.1 -1.5 -1.5 -3.6 -0.8 -0.8 -0.9 -0.6 -0.9 11

 12 FA743065505 Commercial mortgages -1.4 -0.5 -2.2 -6.7 -2.1 -0.2 0.0 0.7 -0.6 12

 13 FA743093005 Miscellaneous assets 8.6 12.8 1.5 -8.2 22.4 -3.4 -4.6 21.8 -13.1 13

 14 FA744190005 Net increase in liabilities 8.5 7.1 -3.4 -21.2 22.2 -9.8 -4.7 22.7 -12.4 14

 15 FA744110005 Net interbank liabilities 0.2 -0.6 0.2 -1.7 -1.9 3.2 1.4 -2.8 -0.4 15

 16 FA743127003 Checkable deposits 6.3 5.2 1.6 -1.7 11.2 -1.6 -1.4 13.5 -3.8 16

 17 FA743131005 Small time and savings deposits 2.5 2.0 -1.5 -7.2 4.9 -2.2 -1.3 5.2 -4.0 17

 18 FA743135005 Large time deposits 2.5 2.0 -1.5 -7.2 4.9 -2.2 -1.3 5.2 -4.0 18

 19 FA743193005 Miscellaneous liabilities -3.0 -1.6 -2.3 -3.4 3.2 -7.0 -2.0 1.6 -0.2 19

 20 FA747005005 Discrepancy -0.3 -0.2 0.1 3.3 1.8 -3.8 -0.9 3.2 0.4 20

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

F.114 Credit Unions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA476000105 Gross saving 11.8 12.5 12.5 12.6 12.4 12.4 12.4 8.8 11.4 1

 2 FA475013005 Fixed nonresidential investment 2.7 3.0 3.7 3.7 3.7 3.7 3.7 3.7 3.7 2

 3 FA474090005 Net acquisition of financial assets 33.2 63.0 84.9 116.0 28.8 63.9 130.9 55.8 70.9 3

 4 FA473013003 Reserves at Federal Reserve -5.7 -2.5 5.5 55.6 -38.4 -8.9 13.8 52.5 -38.4 4

 5 FA472050053 Federal funds and security repos -9.6 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA474022005 Debt securities 4.6 -9.0 -2.8 -3.2 -18.7 -17.6 28.1 -31.3 -5.6 6

 7 FA473069153 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA473061105 Treasury securities -0.2 2.5 7.6 5.3 1.4 -1.6 25.4 -2.9 -20.5 8

 9 FA473061705 Agency- and GSE-backed securities 2.2 -11.7 -11.9 -14.2 -20.1 -15.9 2.5 -33.0 13.3 9

 10 FA473062005 Municipal securities 0.3 -0.8 0.6 0.7 1.2 0.6 -0.2 1.9 0.4 10

 11 FA473063005 Corporate and foreign bonds 2.2 1.0 0.9 5.1 -1.2 -0.7 0.4 2.6 1.1 11

 12 FA474023000 Loans 45.6 69.2 76.3 73.9 78.9 78.1 74.1 50.1 72.1 12

 13 FA473068005 Depository institution loans n.e.c. 5.1 5.1 4.1 8.4 -2.9 8.3 2.4 18.8 -13.9 13

 14 FA473065100 Home mortgages 18.6 26.9 32.7 27.5 38.0 32.8 32.3 2.3 52.5 14

 15 FA473066000 Consumer credit 21.9 37.2 39.5 37.9 43.8 37.0 39.4 28.9 33.5 15

 16 FA473064205 Mutual fund shares -0.5 -0.2 -0.1 -0.6 0.6 0.5 -1.0 0.1 0.1 16

 17 FA473090005 Miscellaneous assets -1.2 5.4 6.1 -9.7 6.5 11.7 15.9 -15.5 42.8 17

 18 FA474190005 Net increase in liabilities 38.2 51.5 78.0 101.5 24.8 55.8 130.0 38.7 65.7 18

 19 FA474110005 Net interbank liabilities 2.2 0.7 2.3 54.1 -44.3 -21.5 21.0 42.0 -49.9 19

 20 FA473139000 Shares/deposits 32.6 41.2 65.9 41.9 51.9 68.8 101.1 -21.9 131.0 20

 21 FA473127003 Checkable 7.9 12.2 19.5 34.9 -10.8 3.1 50.6 11.0 -0.1 21

 22 FA473131005 Small time and savings 20.1 25.0 40.0 -0.3 60.8 57.6 41.9 -45.6 127.0 22

 23 FA473135003 Large time 4.7 4.1 6.4 7.2 1.9 8.1 8.5 12.7 4.0 23

 24 FA472150053 Federal funds and security repos 0.0 0.0 0.0 0.1 0.0 -0.0 -0.0 0.0 -0.0 24

 25 FA473169333 Loans (other loans and advances) 1.9 8.4 9.3 -2.0 20.1 19.8 -0.9 -6.9 6.2 25

 26 FA473193005 Miscellaneous liabilities 1.5 1.2 0.5 7.4 -2.8 -11.2 8.8 25.6 -21.6 26

 27 FA477005005 Discrepancy 14.2 -2.0 1.8 -5.7 4.7 0.6 7.9 -12.0 2.5 27
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F.115 Property-Casualty Insurance Companies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA516000105 Gross saving less net capital transfers paid (1) 65.2 60.7 51.9 54.5 54.8 51.2 46.9 31.5 39.9 1

 2 FA515013005 Fixed nonresidential investment 21.6 21.1 22.6 22.4 22.5 22.7 22.7 22.8 22.9 2

 3 FA514090005 Net acquisition of financial assets 41.9 36.5 10.2 -0.9 20.6 38.2 -17.0 34.8 11.2 3

 4 FA513020003 Checkable deposits and currency -6.7 5.9 -2.9 -0.6 -20.1 15.3 -6.2 -7.8 16.7 4

 5 FA513034003 Money market fund shares -2.2 -1.9 3.2 2.4 2.3 4.7 3.3 -3.4 0.2 5

 6 FA512051003 Security repurchase agreements 0.0 0.1 0.0 -0.1 -0.1 0.1 -0.0 -0.3 0.0 6

 7 FA514022005 Debt securities 28.6 19.8 -2.3 -28.9 14.2 -2.3 7.7 26.6 -10.2 7

 8 FA513069103 Open market paper 0.7 -0.1 0.9 0.6 0.6 1.5 0.9 -1.4 0.1 8

 9 FA513061103 Treasury securities 6.4 6.4 -3.2 -6.3 -2.8 -1.6 -2.3 0.2 -0.7 9

 10 FA513061703 Agency- and GSE-backed securities -4.9 -3.3 -7.6 -10.6 -5.6 -7.8 -6.3 3.4 -0.8 10

 11 FA513062003 Municipal securities -1.7 -4.2 8.3 -0.5 14.5 7.4 11.7 10.4 -3.7 11

 12 FA513063003 Corporate and foreign bonds 28.1 21.2 -0.7 -12.3 7.6 -1.9 3.7 13.9 -5.1 12

 13 FA513065503 Loans (commercial mortgages) 2.3 2.0 2.4 1.9 2.0 2.3 3.4 4.0 1.7 13

 14 FA513064105 Corporate equities 3.7 2.6 -2.1 -1.0 -3.8 9.8 -13.3 -4.0 -13.5 14

 15 FA513064203 Mutual fund shares 1.0 1.4 1.0 1.0 1.0 1.0 1.0 1.0 -1.2 15

 16 FA513070003 Trade receivables 3.3 5.5 6.0 21.3 12.9 5.5 -15.6 16.8 13.4 16

 17 FA513092003 U.S. direct investment abroad 11.9 1.0 4.9 3.1 12.1 1.8 2.6 1.8 3.9 17

 18 FA513092403 Miscellaneous assets (equity in FHLB) 0.1 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 0.2 18

 19 FA514190005 Net increase in liabilities 24.3 0.3 -3.6 -30.0 -5.7 6.5 14.8 115.2 -11.1 19

 20 FA512151003 Security repurchase agreements -0.6 -0.4 0.4 0.4 0.0 0.6 0.5 0.9 1.0 20

 21 FA513164103 Corporate equity issues -7.6 -16.9 -22.0 -19.4 -20.5 -24.8 -23.4 -24.4 -19.2 21

 22 FA513169333 Loans (other loans and advances) 0.8 0.1 0.1 0.2 -0.4 -0.1 0.9 -0.3 4.9 22

 23 FA513178003 Taxes payable (net) 19.1 1.9 -8.2 1.4 -18.9 -23.4 8.1 5.3 -16.5 23

 24 FA513192003 Foreign direct investment in U.S. 12.8 0.8 11.4 -1.4 0.7 13.0 33.1 108.2 0.0 24

 25 FA513190005 Miscellaneous liabilities -0.3 14.8 14.8 -11.2 33.5 41.2 -4.4 25.5 18.6 25

 26 FA513194733 Investment by parent companies -6.0 0.1 -0.8 -5.5 2.8 0.8 -1.1 -2.1 1.5 26

 27 FA513176003 Policy payables 5.7 14.7 15.5 -5.6 30.7 40.4 -3.3 27.6 17.1 27

 28 FA517005005 Discrepancy 26.0 3.5 15.5 3.1 6.1 -3.2 56.0 89.1 -5.3 28

(1) Net capital transfers paid from table F.5, line 51.
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30 Z.1, September 16, 2016

F.116 Life Insurance Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA546000105 Gross saving 1.5 18.3 16.3 11.2 21.4 15.7 16.9 27.3 32.2 1

 2 FA545013005 Fixed nonresidential investment 15.5 15.4 16.6 16.5 16.6 16.7 16.7 16.8 16.8 2

 3 FA544090005 Net acquisition of financial assets 52.1 144.0 98.1 192.0 -44.5 203.8 41.1 345.5 272.3 3

 4 FA543020005 Checkable deposits and currency -9.2 3.6 7.3 -6.3 -29.8 41.2 24.1 -8.8 37.6 4

 5 FA543034005 Money market fund shares -10.1 4.0 2.7 -7.6 -4.3 44.7 -22.0 9.0 -14.7 5

 6 FA542051073 Security repurchase agreements -5.3 0.4 5.1 20.0 -1.6 6.6 -4.4 -2.3 -0.5 6

 7 FA544022005 Debt securities 55.1 70.2 80.4 104.7 57.8 88.2 70.7 214.3 182.6 7

 8 FA543069105 Open market paper 3.2 -4.6 -6.9 2.7 -7.1 -3.1 -20.1 22.0 4.9 8

 9 FA543061105 Treasury securities -12.2 14.3 16.2 35.5 5.1 19.9 4.2 12.4 10.0 9

 10 FA543061705 Agency- and GSE-backed securities -6.8 -15.0 -12.4 -9.0 -12.5 -19.4 -8.7 19.4 18.9 10

 11 FA543062005 Municipal securities 10.1 6.2 10.9 8.4 10.2 12.6 12.4 12.6 9.4 11

 12 FA543063005 Corporate and foreign bonds 60.8 69.3 72.6 67.1 62.1 78.2 82.9 147.9 139.5 12

 13 FA544023005 Loans 22.3 29.5 39.5 33.1 32.7 34.5 57.7 46.9 33.2 13

 14 FA543069005 Other loans and advances 3.5 8.0 -0.4 3.8 -6.3 3.0 -2.2 14.6 -4.9 14

 15 FA543065005 Mortgages 18.8 21.6 40.0 29.4 38.9 31.6 59.9 32.3 38.1 15

 16 FA543064105 Corporate equities -12.4 -4.6 -3.0 4.4 -3.4 -9.6 -3.4 2.9 4.2 16

 17 FA543064205 Mutual fund shares -19.1 -33.4 -29.1 -27.0 -32.5 -37.8 -19.2 -44.9 -49.5 17

 18 FA543092073 U.S. direct investment abroad 2.9 1.4 -0.4 7.7 -0.3 -5.3 -3.9 2.8 4.5 18

 19 FA543090005 Miscellaneous assets 28.0 72.8 -4.4 62.9 -63.0 41.3 -58.6 125.6 74.8 19

 20 FA543092473 Equity in FHLB 0.8 0.1 0.5 0.5 1.4 0.1 -0.2 0.3 0.3 20

 21 FA543077073 Deferred and unpaid life ins. premiums 3.0 1.2 1.5 4.6 3.2 -1.6 -0.2 5.1 3.3 21

 22 FA543093005 Other 24.2 71.5 -6.3 57.8 -67.6 42.8 -58.2 120.2 71.1 22

 23 FA544190005 Net increase in liabilities 36.4 104.8 90.6 156.9 -6.2 216.1 -4.5 346.8 270.1 23

 24 FA542151073 Security repurchase agreements 6.5 1.0 0.9 1.0 1.2 -0.1 1.5 0.4 1.3 24

 25 FA543164173 Corporate equity issues -9.2 -14.9 -10.0 -22.5 -3.7 -7.5 -6.3 -7.3 -5.9 25

 26 FA543169373 Loans (other loans and advances) 2.0 1.8 6.2 8.6 8.6 4.2 3.5 10.0 18.4 26

 27 FA543140005 Life insurance reserves 19.9 47.1 44.6 60.4 32.2 57.4 28.5 62.2 43.9 27

 28 FA543150005 Pension entitlements (2) 33.1 37.2 53.7 -44.8 75.4 113.2 71.1 91.8 42.6 28

 29 FA543178073 Taxes payable (net) -2.3 -1.9 -0.7 10.0 -5.6 -8.9 1.8 5.6 -4.3 29

 30 FA543192073 Foreign direct investment in U.S. -0.9 5.8 7.8 32.4 1.1 -0.8 -1.5 35.3 1.1 30

 31 FA543190005 Miscellaneous liabilities -12.8 28.7 -12.0 111.8 -115.4 58.7 -103.1 148.8 173.1 31

 32 FA543194733 Investment by parent companies -1.6 0.8 0.5 1.1 0.2 0.9 -0.2 3.5 3.0 32

 33 FA673090543 Funding agreements backing securities (3) -8.4 9.2 1.6 6.2 -5.9 -12.2 18.2 -3.9 8.0 33

 34 FA543195005 Other reserves (4) 0.4 5.8 3.1 9.2 -4.5 13.7 -5.8 29.6 29.2 34

 35 FA593095005 Unallocated insurance contracts -8.5 -14.5 -1.9 23.3 -9.2 -37.6 15.9 -1.0 10.1 35

 36 FA543193005 Other 5.3 27.3 -15.4 71.9 -95.9 93.8 -131.3 120.6 122.8 36

 37 FA547005005 Discrepancy -29.7 -36.4 -7.8 -40.3 43.1 11.3 -45.3 11.9 13.1 37

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

(2) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 35.

(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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F.116.g Life Insurance Companies: General Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA544090075 Net acquisition of financial assets 84.6 155.6 77.3 -79.0 9.2 266.5 112.5 342.0 312.4 1

 2 FA543020073 Checkable deposits and currency -4.8 3.5 9.0 -4.1 -27.6 43.2 24.7 -9.0 37.1 2

 3 FA543034073 Money market fund shares -5.9 6.1 0.7 -1.2 -4.6 22.6 -13.8 7.9 -1.7 3

 4 FA542051073 Security repurchase agreements -5.3 0.4 5.1 20.0 -1.6 6.6 -4.4 -2.3 -0.5 4

 5 FA544022075 Debt securities 49.7 71.0 43.9 -50.2 59.3 90.4 76.0 210.9 167.9 5

 6 FA543069170 Open market paper 1.4 -6.0 -4.4 5.9 -4.0 -0.2 -19.4 21.8 4.0 6

 7 FA543061173 Treasury securities -11.3 9.1 5.7 -0.0 4.7 13.2 5.0 11.9 7.7 7

 8 FA543061773 Agency- and GSE-backed securities -6.6 -3.3 -12.6 -22.4 -11.5 -8.9 -7.7 18.7 16.0 8

 9 FA543062073 Municipal securities 9.2 5.3 9.6 4.1 10.0 11.6 12.5 12.5 9.1 9

 10 FA543063075 Corporate and foreign bonds 57.0 66.0 45.6 -37.8 60.1 74.6 85.6 146.0 131.1 10

 11 FA544023075 Loans 20.4 28.1 26.1 -18.7 31.8 33.4 57.8 45.5 29.1 11

 12 FA543069075 Other loans and advances 3.5 8.0 -5.1 -15.5 -6.3 2.9 -1.5 14.6 -5.1 12

 13 FA543065070 Mortgages 16.9 20.2 31.2 -3.2 38.1 30.6 59.3 31.0 34.2 13

 14 FA543064175 Corporate equities 0.8 5.5 2.7 3.8 4.9 5.3 -3.1 3.1 4.4 14

 15 FA543064273 Mutual fund shares -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA543092073 U.S. direct investment abroad 2.9 1.4 -0.4 7.7 -0.3 -5.3 -3.9 2.8 4.5 16

 17 FA543090075 Miscellaneous assets 27.0 39.5 -9.9 -36.4 -52.7 70.2 -20.8 82.9 71.5 17

 18 FA544190075 Net increase in liabilities 68.7 116.0 58.7 -121.8 37.5 267.0 52.2 343.7 310.3 18

 19 FA542151073 Security repurchase agreements 6.5 1.0 0.9 1.0 1.2 -0.1 1.5 0.4 1.3 19

 20 FA543164173 Corporate equity issues -9.2 -14.9 -10.0 -22.5 -3.7 -7.5 -6.3 -7.3 -5.9 20

 21 FA543169373 Loans (other loans and advances) 2.0 1.8 6.2 8.6 8.6 4.2 3.5 10.0 18.4 21

 22 FA543140073 Life insurance reserves 28.3 46.1 4.1 -81.1 24.9 44.3 28.2 62.0 51.9 22

 23 FA543150075 Pension entitlements (1) 46.2 47.5 55.6 -82.6 92.0 149.4 63.5 84.2 74.9 23

 24 FA543178073 Taxes payable (net) -2.3 -1.9 -0.7 10.0 -5.6 -8.9 1.8 5.6 -4.3 24

 25 FA543192073 Foreign direct investment in U.S. -0.9 5.8 7.8 32.4 1.1 -0.8 -1.5 35.3 1.1 25

 26 FA543190075 Miscellaneous liabilities -2.0 30.6 -5.2 12.4 -81.0 86.5 -38.6 153.4 173.0 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 26).

F.116.s Life Insurance Companies: Separate Accounts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA544090085 Net acquisition of financial assets -32.5 -11.6 20.8 270.9 -53.6 -62.7 -71.5 3.6 -40.0 1

 2 FA543020083 Checkable deposits and currency -4.4 0.2 -1.8 -2.2 -2.2 -2.1 -0.6 0.1 0.6 2

 3 FA543034385 Money market fund shares -4.2 -2.1 1.9 -6.4 0.3 22.0 -8.2 1.1 -13.0 3

 4 FA544022085 Debt securities 5.4 -0.9 36.5 154.9 -1.5 -2.2 -5.3 3.4 14.8 4

 5 FA543069183 Open market paper 1.8 1.5 -2.5 -3.2 -3.1 -3.0 -0.8 0.2 0.8 5

 6 FA543061183 Treasury securities -0.9 5.2 10.5 35.5 0.4 6.7 -0.7 0.5 2.3 6

 7 FA543061783 Agency- and GSE-backed securities -0.2 -11.7 0.2 13.4 -1.0 -10.5 -1.0 0.7 3.0 7

 8 FA543062083 Municipal securities 0.9 0.9 1.3 4.3 0.2 0.9 -0.1 0.1 0.3 8

 9 FA543063085 Corporate and foreign bonds 3.8 3.3 27.0 104.9 2.0 3.6 -2.7 1.9 8.4 9

 10 FA544023085 Loans 1.9 1.4 13.4 51.8 0.9 1.1 -0.1 1.4 4.1 10

 11 FA543069483 Other loans and advances 0.0 0.0 4.7 19.2 0.1 0.1 -0.8 0.0 0.2 11

 12 FA543065083 Mortgages 1.9 1.4 8.8 32.6 0.8 1.0 0.7 1.3 3.9 12

 13 FA543064183 Corporate equities -13.2 -10.0 -5.7 0.6 -8.3 -14.9 -0.3 -0.2 -0.2 13

 14 FA543064285 Mutual fund shares -19.0 -33.4 -29.1 -27.0 -32.6 -37.8 -19.3 -44.9 -49.5 14

 15 FA543090085 Miscellaneous assets 1.1 33.3 5.5 99.2 -10.4 -28.9 -37.8 42.7 3.2 15

 16 FA544190085 Net increase in liabilities -32.2 -11.2 31.9 278.7 -43.7 -50.9 -56.7 3.2 -40.2 16

 17 FA543140083 Life insurance reserves -8.5 1.0 40.6 141.6 7.3 13.1 0.3 0.2 -8.0 17

 18 FA543150085 Pension entitlements (1) -13.0 -10.3 -1.9 37.8 -16.6 -36.2 7.5 7.6 -32.3 18

 19 FA543190085 Miscellaneous liabilities -10.8 -1.9 -6.8 99.4 -34.4 -27.8 -64.5 -4.6 0.1 19

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds which are included in miscellaneous liabilities (line 19).
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F.117 Private and Public Pension Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA596330005 Gross saving 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 1

 2 FA595013005 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2

 3 FA594090005 Net acquisition of financial assets (2) 455.3 273.9 381.8 449.7 364.6 272.1 440.8 510.9 383.5 3

 4 FA593020005 Checkable deposits and currency -0.1 3.6 1.0 -1.7 1.4 2.2 2.2 1.7 2.6 4

 5 FA593030005 Time and savings deposits 7.0 5.1 1.6 4.0 3.1 -0.9 0.0 -5.3 1.8 5

 6 FA593034005 Money market fund shares 16.0 3.8 -4.3 -29.1 6.5 3.6 1.8 -4.7 7.7 6

 7 FA592051005 Security repurchase agreements 0.6 0.5 -0.2 -0.1 0.0 -0.5 -0.3 -1.0 -0.3 7

 8 FA594022005 Debt securities 287.4 128.4 131.9 -285.0 -425.7 -328.8 1567.2 205.5 125.5 8

 9 FA593069105 Open market paper 7.9 5.4 3.3 7.7 3.8 0.5 1.4 -5.6 2.2 9

 10 FA593061105 Treasury securities (3) 124.3 75.8 106.3 -272.6 -444.9 -364.4 1507.2 120.0 67.9 10

 11 FA593061705 Agency- and GSE-backed securities -4.7 -7.1 -15.2 -38.4 -13.1 -9.4 -0.1 -1.5 -7.6 11

 12 FA223062043 Municipal securities 1.0 -0.2 -0.2 -0.1 0.1 -0.7 -0.1 1.6 0.0 12

 13 FA593063005 Corporate and foreign bonds 158.9 54.4 37.7 18.4 28.5 45.2 58.9 91.0 63.0 13

 14 FA593065005 Loans (mortgages) -1.2 2.2 -3.2 -4.7 -1.9 -3.6 -2.6 -6.3 -1.7 14

 15 FA593064105 Corporate equities -377.6 -312.6 -179.1 -177.0 -214.3 -148.1 -177.1 -113.8 -169.8 15

 16 FA593064205 Mutual fund shares 148.3 51.8 49.8 120.3 105.8 -70.4 43.6 150.8 32.4 16

 17 FA593090005 Miscellaneous assets 374.9 391.0 384.3 823.0 889.7 818.5 -994.1 283.9 385.3 17

 18 FA593095005 Unallocated insurance contracts (4) -8.5 -14.5 -1.9 23.3 -9.2 -37.6 15.9 -1.0 10.1 18

 19 FA573074005 Contributions receivable -2.5 -2.9 -4.3 -5.6 -3.9 -4.4 -3.5 -7.6 -7.2 19

 20 FA593073005 Claims of pension fund on sponsor (5) 343.8 368.6 341.6 699.2 860.8 842.2 -1035.8 291.7 341.9 20

 21 FA593093005 Other 42.1 39.8 48.9 106.1 42.0 18.3 29.3 0.8 40.5 21

 22 FA594190005 Pension entitlements (liabilities) (6) 455.1 273.8 381.8 449.7 364.6 272.0 440.8 510.8 383.5 22

 Memo:

 23 FA153050015 Household retirement assets (7) 738.4 489.9 652.9 621.0 747.0 573.3 670.1 815.9 671.1 23

 24 FA594090045 Defined benefit plans 287.3 274.4 269.4 268.0 271.1 271.1 267.6 268.0 267.8 24

 25 FA594090055 Defined contribution plans 167.9 -0.5 112.4 181.7 93.6 1.0 173.3 242.9 115.8 25

 26 FA893131573 Individual retirement plans (IRAs) (8) 279.4 192.0 224.6 218.8 322.1 172.7 184.9 231.7 ND 26

 27 FA543150015 Annuities at life insurance companies (9) 3.7 24.0 46.4 -47.5 60.3 128.5 44.4 73.3 55.8 27

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

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

(3) Includes both marketable and nonmarketable government securities.

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

(5) Unfunded defined benefit pension entitlements.

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

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

(8) IRA assets are not included above. See memo item on table F.227 for a sectoral distribution of IRA accounts.

(9) Annuities held in IRAs are excluded. They are included in line 26.
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Z.1, September 16, 2016 33

F.118 Private Pension Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA576330005 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA575013005 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA574090005 Net acquisition of financial assets (2) 148.4 -13.6 65.3 141.7 57.7 -12.5 74.3 182.8 61.0 3

 4 FA573020005 Checkable deposits and currency -0.4 3.3 1.0 -2.0 1.2 2.5 2.4 2.5 2.6 4

 5 FA573030005 Time and savings deposits 4.7 1.9 1.3 1.9 0.8 1.3 1.3 1.7 1.5 5

 6 FA573034005 Money market fund shares 12.6 0.9 -4.6 -31.5 3.6 10.1 -0.6 7.6 7.6 6

 7 FA572051005 Security repurchase agreements 0.4 0.2 -0.2 -0.3 -0.2 -0.3 -0.2 -0.3 -0.3 7

 8 FA574022005 Debt securities 89.8 21.6 45.4 48.0 34.2 54.7 44.8 41.1 40.1 8

 9 FA573069105 Open market paper 5.4 2.0 3.1 5.3 1.3 3.0 2.8 2.0 1.9 9

 10 FA573061105 Treasury securities -2.0 -4.3 21.5 40.6 12.4 19.3 13.7 10.8 12.4 10

 11 FA573061705 Agency- and GSE-backed securities -5.8 -2.4 -8.7 -25.2 -6.5 -1.2 -1.9 -3.4 -2.7 11

 12 FA573063005 Corporate and foreign bonds 92.2 26.3 29.5 27.3 27.0 33.6 30.2 31.8 28.5 12

 13 FA573065005 Loans (mortgages) -0.7 1.7 -2.8 -5.4 -2.6 -1.7 -1.3 -1.1 -1.1 13

 14 FA573064105 Corporate equities -207.7 -183.9 -112.6 -110.9 -136.0 -99.2 -104.2 -93.4 -85.3 14

 15 FA573064205 Mutual fund shares 123.9 40.6 34.2 70.7 75.9 -49.7 39.9 142.5 9.0 15

 16 FA573090005 Miscellaneous assets 125.9 100.3 103.6 171.3 80.9 69.8 92.2 82.1 87.0 16

 17 FA573095005 Unallocated insurance contracts (3) -7.8 -8.1 -3.6 16.5 -11.6 -22.4 3.0 0.0 2.9 17

 18 FA573074005 Contributions receivable -2.5 -2.9 -4.3 -5.6 -3.9 -4.4 -3.5 -7.6 -7.2 18

 19 FA573073005 Claims of pension fund on sponsor (4) 108.6 85.4 66.9 69.4 70.0 68.9 59.2 57.5 57.1 19

 20 FA573093005 Other 27.6 25.9 44.6 91.0 26.3 27.7 33.5 32.2 34.1 20

 21 FA574190005 Pension entitlements (liabilities) (5) 148.4 -13.6 65.3 141.7 57.7 -12.5 74.3 182.8 60.9 21

 Memo:

 Net acquisition of financial assets (6)

 22 FA574090045 Defined benefit plans -8.3 -20.4 -33.7 -25.2 -29.5 -35.8 -44.4 -44.4 -44.4 22

 23 FA574090055 Defined contribution plans 156.7 6.9 99.1 166.9 87.2 23.3 118.8 227.2 105.4 23

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

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

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

(4) Unfunded defined benefit pension entitlements.

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on tables F.118.b and F.118.c.
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34 Z.1, September 16, 2016

F.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA574090045 Net acquisition of financial assets (1) -8.3 -20.4 -33.7 -25.2 -29.5 -35.8 -44.4 -44.4 -44.4 1

 2 FA573020043 Checkable deposits and currency 0.3 2.1 0.8 0.8 0.7 0.8 0.8 0.7 0.6 2

 3 FA573030043 Time and savings deposits 4.5 2.0 0.5 0.5 0.8 0.4 0.4 0.7 0.4 3

 4 FA573034043 Money market fund shares 5.3 2.3 -0.3 -0.1 -0.5 -0.2 -0.2 -0.3 -0.6 4

 5 FA572051043 Security repurchase agreements 0.4 0.2 -0.2 -0.3 -0.2 -0.3 -0.2 -0.3 -0.3 5

 6 FA574022045 Debt securities 74.3 14.5 21.5 23.3 19.4 21.1 22.3 24.0 19.5 6

 7 FA573069143 Open market paper 4.9 2.1 1.1 1.2 0.9 1.1 1.2 0.1 -0.3 7

 8 FA573061143 Treasury securities -2.7 -5.0 5.7 6.3 4.5 6.0 6.1 5.3 5.8 8

 9 FA573061743 Agency- and GSE-backed securities -6.2 -2.8 -3.3 -2.9 -3.4 -3.7 -2.9 -3.5 -3.3 9

 10 FA573063043 Corporate and foreign bonds 78.3 20.3 18.0 18.7 17.5 17.7 18.0 22.1 17.2 10

 11 FA573065043 Loans (mortgages) -1.1 0.1 -2.0 -1.2 -3.0 -2.2 -1.6 -1.7 -1.7 11

 12 FA573064143 Corporate equities -186.1 -141.5 -112.0 -108.5 -110.3 -114.1 -115.3 -108.5 -107.8 12

 13 FA573064243 Mutual fund shares -6.4 1.0 -9.5 -11.1 -8.8 -7.7 -10.6 -10.2 -8.0 13

 14 FA573090045 Miscellaneous assets 100.4 98.9 67.5 71.4 72.5 66.3 59.9 51.3 53.6 14

 15 FA573095405 Unallocated insurance contracts (2) -3.6 -3.0 -5.4 -2.7 -6.4 -7.0 -5.5 -9.9 -10.3 15

 16 FA573074043 Contributions receivable -4.1 -3.9 -4.5 -5.3 -4.0 -5.2 -3.4 -8.2 -8.1 16

 17 FA573073005 Claims of pension fund on sponsor (3) 108.6 85.4 66.9 69.4 70.0 68.9 59.2 57.5 57.1 17

 18 FA573093043 Other -0.4 20.4 10.5 10.1 12.8 9.5 9.7 11.9 14.9 18

 19 FA574190043 Net increase in pension entitlements (liabilities) (4) -8.3 -20.5 -33.7 -25.2 -29.5 -35.8 -44.4 -44.4 -44.4 19

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

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

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

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA574090055 Net acquisition of financial assets 156.7 6.9 99.1 166.9 87.2 23.3 118.8 227.2 105.4 1

 2 FA573020033 Checkable deposits and currency -0.7 1.1 0.2 -2.8 0.5 1.7 1.6 1.8 2.0 2

 3 FA573030033 Time and savings deposits 0.2 -0.1 0.8 1.4 0.0 0.9 0.8 1.0 1.1 3

 4 FA573034055 Money market fund shares 7.2 -1.5 -4.3 -31.3 4.2 10.3 -0.3 7.9 8.2 4

 5 FA572051033 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA574022035 Debt securities 15.5 7.1 23.9 24.7 14.8 33.6 22.5 17.2 20.6 6

 7 FA573069133 Open market paper 0.5 -0.1 2.0 4.1 0.4 1.8 1.6 1.9 2.1 7

 8 FA573061133 Treasury securities 0.7 0.8 15.8 34.3 7.9 13.3 7.6 5.4 6.7 8

 9 FA573061733 Agency- and GSE-backed securities 0.4 0.4 -5.5 -22.3 -3.1 2.5 1.1 0.1 0.6 9

 10 FA573063033 Corporate and foreign bonds 13.9 6.0 11.6 8.6 9.5 16.0 12.2 9.7 11.3 10

 11 FA573065033 Loans (mortgages) 0.4 1.6 -0.7 -4.2 0.4 0.5 0.3 0.5 0.6 11

 12 FA573064133 Corporate equities -21.6 -42.4 -0.5 -2.4 -25.7 14.9 11.1 15.1 22.4 12

 13 FA573064255 Mutual fund shares 130.3 39.6 43.7 81.8 84.6 -42.1 50.5 152.8 17.0 13

 14 FA573090055 Miscellaneous assets 25.4 1.4 36.0 99.9 8.4 3.5 32.2 30.9 33.4 14

 15 FA573095505 Unallocated insurance contracts (2) -4.2 -5.1 1.8 19.2 -5.2 -15.4 8.5 9.9 13.2 15

 16 FA573074033 Contributions receivable 1.7 1.0 0.2 -0.2 0.1 0.8 -0.0 0.7 1.0 16

 17 FA573093033 Other 27.9 5.5 34.1 80.9 13.5 18.2 23.7 20.3 19.1 17

 18 FA574090055 Net increase in pension entitlements (liabilities) 156.7 6.9 99.1 166.9 87.2 23.3 118.8 227.2 105.4 18

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
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Z.1, September 16, 2016 35

F.119 Federal Government Employee Retirement Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA344090005 Net acquisition of financial assets (1) 107.3 112.1 111.0 102.9 104.7 110.6 126.0 110.6 103.1 1

 2 FA344022005 Debt securities 107.9 86.5 92.2 -293.3 -462.9 -363.5 1488.3 106.3 63.4 2

 3 FA343061105 Treasury securities (2) 110.9 87.0 91.3 -293.7 -463.5 -365.9 1488.3 106.1 62.1 3

 4 FA343061705 Agency- and GSE-backed securities -1.7 -0.5 0.2 0.5 0.4 -0.3 0.2 0.3 0.8 4

 5 FA343063005 Corporate and foreign bonds -1.3 -0.0 0.7 0.0 0.2 2.8 -0.2 -0.0 0.4 5

 6 FA343064105 Corporate equities 9.1 3.5 0.2 5.7 -3.8 -1.2 -0.0 -11.9 -9.3 6

 7 FA343073005 Claims of pension fund on sponsor (misc. assets) (3) -9.7 22.1 18.7 390.4 571.4 475.3 -1362.3 16.1 49.0 7

 8 FA344090005 Pension entitlements (liabilities) (4) 107.3 112.1 111.0 102.9 104.7 110.6 126.0 110.6 103.1 8

 Memo:

 Net acquisition of financial assets (5)

 9 FA344090045 Defined benefit plans 88.3 89.5 93.0 89.1 92.5 94.3 96.3 96.7 96.5 9

 10 FA344090055 Defined contibution plans 19.0 22.6 18.0 13.8 12.2 16.3 29.7 13.9 6.6 10

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

(2) Includes marketable and nonmarketable Treasury securities.

(3) Unfunded defined benefit pension entitlements and suspended investments in the Thrift Savings Plan G Fund by the Treasury.

(4) Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans, including suspended investments in the Thrift Savings Plan G Fund.

 These liabilities are assets of the household sector.

(5) Additional detail on defined benefit plans and defined contribution plans is available on tables F.119.b and F.119.c.
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36 Z.1, September 16, 2016

F.119.b Federal Government Employee Retirement Funds: Defined Benefit Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA344090045 Net acquisition of financial assets (2) 88.3 89.5 93.0 89.1 92.5 94.3 96.3 96.7 96.5 1

 2 FA344022045 Debt securities 98.2 69.1 75.9 -56.4 -211.9 -87.6 659.8 81.2 48.2 2

 3 FA343061165 Treasury securities (3) 98.2 68.9 75.4 -55.9 -211.8 -90.9 660.3 81.6 48.7 3

 4 FA343061733 Agency- and GSE-backed securities -0.0 -0.1 0.0 -0.0 -0.0 0.1 -0.0 -0.0 -0.0 4

 5 FA343063033 Corporate and foreign bonds 0.1 0.3 0.5 -0.5 -0.2 3.2 -0.5 -0.3 -0.4 5

 6 FA343064133 Corporate equities -1.5 -1.7 -1.6 -1.2 -0.4 -4.0 -0.9 -0.6 -0.8 6

 7 FA343073045 Claims of pension fund on sponsor (misc. assets) (4) -8.4 22.1 18.7 146.7 304.8 185.9 -562.6 16.1 49.0 7

 8 FA344190045 Pension entitlements (liabilities) (5) 88.3 89.5 93.0 89.1 92.5 94.3 96.3 96.7 96.5 8

(1) Includes Civil Service Retirement and Disability Fund, Railroad Retirement Board, judicial retirement fund, Military Retirement Fund, Foreign Service Retirement and

 Disability Fund, and the National Railroad Investment Trust.

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

(3) Includes both marketable and nonmarketable government securities.

(4) Unfunded defined benefit pension entitlements.

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

F.119.c Federal Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA344090025 Net acquisition of financial assets 19.0 22.6 18.0 13.8 12.2 16.3 29.7 13.9 6.6 1

 2 FA344022025 Debt securities 9.6 17.4 16.2 -236.8 -251.0 -275.9 828.5 25.1 15.1 2

 3 FA343061155 Treasury securities (2) 12.7 18.2 15.9 -237.8 -251.8 -275.0 828.0 24.5 13.4 3

 4 FA343061723 Agency- and GSE-backed securities -1.7 -0.4 0.2 0.5 0.4 -0.5 0.3 0.3 0.8 4

 5 FA343063023 Corporate and foreign bonds -1.4 -0.4 0.2 0.5 0.4 -0.5 0.3 0.3 0.8 5

 6 FA343064123 Corporate equities 10.6 5.2 1.8 6.9 -3.4 2.7 0.8 -11.2 -8.5 6

 7 FA343073053 Claims of pension fund on sponsor (misc. assets) (3) -1.2 0.0 0.0 243.7 266.5 289.4 -799.7 0.0 0.0 7

 8 FA344090025 Pension entitlements (liabilities) 19.0 22.6 18.0 13.8 12.2 16.3 29.7 13.9 6.6 8

(1) Thrift Savings Plan.

(2) Includes nonmarketable and marketable Treasury securities held by the Thrift Savings Plan G and F funds.

(3) Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
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F.120 State and Local Government Employee Retirement Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA226330005 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 FA225013005 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2

 3 FA224090005 Net acquisition of financial assets (1) 199.6 175.4 205.4 205.1 202.2 174.0 240.5 217.5 219.5 3

 4 FA223020043 Checkable deposits and currency 0.3 0.4 0.0 0.3 0.3 -0.3 -0.1 -0.8 0.0 4

 5 FA223030045 Time and savings deposits 2.3 3.2 0.2 2.2 2.3 -2.2 -1.2 -7.0 0.3 5

 6 FA223034005 Money market fund shares 3.4 2.9 0.3 2.4 2.8 -6.4 2.4 -12.3 0.1 6

 7 FA222051043 Security repurchase agreements 0.2 0.3 0.0 0.2 0.2 -0.2 -0.1 -0.7 0.0 7

 8 FA224022045 Debt securities 89.7 20.3 -5.7 -39.7 3.0 -20.0 34.1 58.0 22.1 8

 9 FA223069143 Open market paper 2.5 3.4 0.3 2.4 2.5 -2.4 -1.4 -7.6 0.3 9

 10 FA223061143 Treasury securities 15.4 -7.0 -6.5 -19.5 6.2 -17.8 5.2 3.1 -6.7 10

 11 FA223061743 Agency- and GSE-backed securities 2.8 -4.1 -6.7 -13.6 -6.9 -7.8 1.5 1.7 -5.7 11

 12 FA223062043 Municipal securities 1.0 -0.2 -0.2 -0.1 0.1 -0.7 -0.1 1.6 0.0 12

 13 FA223063045 Corporate and foreign bonds 68.0 28.2 7.5 -8.9 1.2 8.8 28.9 59.2 34.1 13

 14 FA223065043 Loans (mortgages) -0.5 0.6 -0.4 0.7 0.8 -1.9 -1.3 -5.1 -0.6 14

 15 FA223064145 Corporate equities -179.0 -132.2 -66.7 -71.8 -74.5 -47.7 -72.9 -8.6 -75.2 15

 16 FA223064205 Mutual fund shares 24.4 11.3 15.7 49.6 29.9 -20.6 3.7 8.2 23.4 16

 17 FA223090005 Miscellaneous assets 258.7 268.6 262.0 261.3 237.4 273.3 276.0 185.7 249.3 17

 18 FA223095505 Unallocated insurance contracts (2) -0.7 -6.4 1.7 6.8 2.4 -15.2 12.9 -1.0 7.2 18

 19 FA223073045 Claims of pension fund on sponsor (3) 244.9 261.1 256.0 239.4 219.3 298.0 267.3 218.1 235.7 19

 20 FA223093005 Other 14.6 13.9 4.3 15.1 15.6 -9.4 -4.2 -31.4 6.4 20

 21 FA224190005 Pension entitlements (liabilities) (4) 199.5 175.3 205.4 205.0 202.1 173.9 240.4 217.5 219.4 21

 Memo:

 Net acquisition of financial assets (5)

 22 FA224090045 Defined benefit plans 207.3 205.3 210.1 204.1 208.0 212.6 215.7 215.7 215.7 22

 23 FA224090055 Defined contibution plans -7.7 -29.9 -4.7 1.0 -5.8 -38.7 24.8 1.8 3.8 23

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

(2) Assets of defined contribution funds held at life insurance companies.

(3) Unfunded defined benefit pension entitlements.

(4) Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.

(5) Additional detail on defined benefit plans and defined contribution plans is available on tables F.120.b and F.120.c.
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38 Z.1, September 16, 2016

F.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA224090045 Net acquisition of financial assets (1) 207.3 205.3 210.1 204.1 208.0 212.6 215.7 215.7 215.7 1

 2 FA223020043 Checkable deposits and currency 0.3 0.4 0.0 0.3 0.3 -0.3 -0.1 -0.8 0.0 2

 3 FA223030045 Time and savings deposits 2.3 3.2 0.2 2.2 2.3 -2.2 -1.2 -7.0 0.3 3

 4 FA223034043 Money market fund shares 2.8 3.8 0.3 2.6 2.7 -2.7 -1.5 -8.3 0.4 4

 5 FA222051043 Security repurchase agreements 0.2 0.3 0.0 0.2 0.2 -0.2 -0.1 -0.7 0.0 5

 6 FA224022045 Debt securities 89.7 20.3 -5.7 -39.7 3.0 -20.0 34.1 58.0 22.1 6

 7 FA223069143 Open market paper 2.5 3.4 0.3 2.4 2.5 -2.4 -1.4 -7.6 0.3 7

 8 FA223061143 Treasury securities 15.4 -7.0 -6.5 -19.5 6.2 -17.8 5.2 3.1 -6.7 8

 9 FA223061743 Agency- and GSE-backed securities 2.8 -4.1 -6.7 -13.6 -6.9 -7.8 1.5 1.7 -5.7 9

 10 FA223062043 Municipal securities 1.0 -0.2 -0.2 -0.1 0.1 -0.7 -0.1 1.6 0.0 10

 11 FA223063045 Corporate and foreign bonds 68.0 28.2 7.5 -8.9 1.2 8.8 28.9 59.2 34.1 11

 12 FA223065043 Loans (mortgages) -0.5 0.6 -0.4 0.7 0.8 -1.9 -1.3 -5.1 -0.6 12

 13 FA223064145 Corporate equities -179.0 -132.2 -66.7 -71.8 -74.5 -47.7 -72.9 -8.6 -75.2 13

 14 FA223064243 Mutual fund shares 36.8 37.3 24.6 58.1 41.2 -0.9 0.0 -8.5 30.5 14

 15 FA223090045 Miscellaneous assets 254.7 271.7 257.7 251.6 232.1 288.6 258.7 196.7 238.1 15

 16 FA223073045 Claims of pension fund on sponsor (2) 244.9 261.1 256.0 239.4 219.3 298.0 267.3 218.1 235.7 16

 17 FA223093043 Other 9.8 10.6 1.7 12.2 12.7 -9.4 -8.6 -21.4 2.4 17

 18 FA224190043 Pension entitlements (liabilities) (3) 207.2 205.3 210.1 204.0 208.0 212.6 215.6 215.6 215.6 18

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

(2) Unfunded defined benefit pension entitlements.

(3) Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.

F.120.c State and Local Government Employee Retirement Funds: Defined Contribution Plans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA224090055 Net acquisition of financial assets -7.7 -29.9 -4.7 1.0 -5.8 -38.7 24.8 1.8 3.8 1

 2 FA223034055 Money market fund shares 0.6 -0.8 -0.0 -0.2 0.1 -3.8 3.9 -4.0 -0.3 2

 3 FA223064255 Mutual fund shares -12.4 -26.0 -8.9 -8.5 -11.3 -19.7 3.7 16.8 -7.1 3

 4 FA223090055 Miscellaneous assets 4.0 -3.1 4.3 9.7 5.4 -15.2 17.3 -11.0 11.2 4

 5 FA223095505 Unallocated insurance contracts (misc. assets) (2) -0.7 -6.4 1.7 6.8 2.4 -15.2 12.9 -1.0 7.2 5

 6 FA223093053 Other 4.7 3.3 2.6 2.9 2.9 0.0 4.4 -9.9 4.0 6

 7 FA224090055 Pension entitlements (liabilities) -7.7 -29.9 -4.7 1.0 -5.8 -38.7 24.8 1.8 3.8 7

(1) Includes 403(b) and 457 type plans.

(2) Assets held at life insurance companies.
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F.121 Money Market Mutual Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA634090005 Net acquisition of financial assets 24.6 6.8 30.1 -84.4 43.5 43.4 118.0 257.0 -53.2 1

 2 FA633091003 Foreign deposits -9.8 -9.8 -13.4 -16.1 8.0 -39.7 -6.0 26.0 -18.6 2

 3 FA633020000 Checkable deposits and currency -3.3 -17.9 11.9 -1.7 21.8 15.2 12.4 16.9 -9.7 3

 4 FA633030000 Time and savings deposits 59.5 20.4 -78.4 56.9 -30.1 -206.5 -134.0 249.5 -271.0 4

 5 FA632051000 Security repurchase agreements -53.2 152.9 44.8 50.7 11.2 110.6 6.8 -276.3 146.2 5

 6 FA634022005 Debt securities 28.9 -124.2 72.2 -73.7 42.2 134.4 186.0 334.9 86.2 6

 7 FA633069175 Open market paper 10.7 -19.2 -39.8 8.8 15.3 -15.5 -167.9 109.4 -200.5 7

 8 FA633061105 Treasury securities 29.8 -77.1 63.9 75.0 24.9 -59.6 215.3 233.9 74.3 8

 9 FA633061700 Agency- and GSE-backed securities 17.3 23.3 76.9 -100.5 29.6 185.3 193.1 137.8 403.0 9

 10 FA633062000 Municipal securities -28.6 -27.0 -13.6 -13.5 -26.5 -12.1 -2.5 -99.6 -52.7 10

 11 FA633063003 Corporate and foreign bonds -0.2 -24.2 -15.1 -43.5 -1.1 36.3 -52.0 -46.5 -138.0 11

 12 FA633093005 Miscellaneous assets 2.6 -14.6 -7.0 -100.6 -9.6 29.4 52.8 -94.0 13.7 12

 13 FA634090005 Net share issues (liabilities) 24.6 6.8 30.1 -84.4 43.5 43.4 118.0 257.0 -53.2 13

 Memo:

 14 FA634090503 Variable annuity money market mutual funds included above -4.1 -2.7 1.9 -6.9 0.5 22.7 -8.6 1.4 -13.7 14

(1) Open-end investment companies including variable annuity money market mutual funds.

F.122 Mutual Funds (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA656006403 Gross saving -57.7 -73.6 -68.3 -69.4 -68.2 -68.0 -67.6 -39.1 -59.4 1

 2 FA654090000 Net acquisition of financial assets 346.0 309.4 95.3 252.6 224.7 -35.8 -60.4 -22.7 76.2 2

 3 FA652051003 Security repurchase agreements 22.3 9.9 -12.4 -5.2 -16.6 -22.9 -4.8 20.5 -6.9 3

 4 FA654022005 Debt securities 110.9 93.1 116.7 242.7 389.8 -171.7 6.0 9.0 197.5 4

 5 FA653069100 Open market paper 22.3 9.9 -12.4 -21.9 -23.9 -17.5 13.9 5.5 -16.9 5

 6 FA653061105 Treasury securities -54.3 193.3 155.3 79.5 126.6 222.1 193.2 -14.6 11.6 6

 7 FA653061703 Agency- and GSE-backed securities -41.3 -200.4 -98.2 59.7 -103.0 -208.0 -141.7 50.2 8.4 7

 8 FA653062003 Municipal securities -39.5 15.1 16.2 42.9 10.9 -10.6 21.7 79.8 97.4 8

 9 FA653063005 Corporate and foreign bonds 223.7 75.1 55.8 82.6 379.3 -157.6 -81.0 -111.9 97.0 9

 10 FA653069803 Loans (other loans and advances) 39.4 9.4 -15.6 23.5 -24.1 -50.9 -11.0 22.1 -19.5 10

 11 FA653064100 Corporate equities 197.3 94.2 55.8 100.6 166.8 94.3 -138.4 -112.2 -135.4 11

 12 FA653093005 Miscellaneous assets -23.8 102.7 -49.3 -109.1 -291.2 115.4 87.8 38.0 40.6 12

 13 FA653164205 Net share issues (liabilities) 346.0 309.4 95.3 252.6 224.7 -35.8 -60.4 -22.7 76.2 13

 14 FA657005005 Discrepancy -57.7 -73.6 -68.3 -69.4 -68.2 -68.0 -67.6 -39.1 -59.4 14

 Memo:

 15 FA654090500 Variable annuity mutual funds included above -32.7 -47.1 -44.4 -42.1 -48.4 -53.6 -33.7 -57.7 -64.5 15

 Net acquisition of financial assets by investment objective: (2)

 16 FA654091603 Domestic equity funds 68.1 -1.1 -102.7 37.1 -166.9 -190.8 -90.2 -69.4 -155.3 16

 17 FA654092603 World equity funds 169.4 120.0 126.7 115.7 202.1 143.6 45.3 92.7 -10.8 17

 18 FA654091403 Hybrid funds 95.9 56.7 8.3 57.8 34.6 -25.2 -33.9 -15.2 5.2 18

 19 FA654091303 Taxable bond funds 57.8 92.9 34.7 159.4 163.6 -126.7 -57.2 72.4 153.8 19

 20 FA654091203 Municipal bond funds -45.2 40.8 28.2 48.2 5.2 2.9 56.3 70.8 90.3 20

(1) Open-end investment companies including variable annuity mutual funds.

(2) Quarterly figures are reported at annual rates and are not seasonally adjusted.
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F.123 Closed-End Funds 

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA554090005 Net acquisition of financial assets 13.7 4.9 1.7 3.4 3.6 2.0 -2.3 0.7 -0.7 1

 2 FA554022005 Debt securities 5.5 -2.7 1.4 2.5 2.7 1.7 -1.4 1.4 -0.8 2

 3 FA553061103 Treasury securities 0.6 -0.2 -0.5 -0.4 -0.0 -0.7 -0.7 -0.6 -7.0 3

 4 FA553062003 Municipal securities -0.2 0.5 -0.1 -0.0 -0.3 0.8 -0.7 1.2 0.7 4

 5 FA553063003 Corporate and foreign bonds 5.2 -3.1 1.9 2.8 3.1 1.7 0.0 0.8 5.5 5

 6 FA553064103 Corporate equities 8.2 7.6 0.3 0.9 0.8 0.3 -0.9 -0.8 0.2 6

 7 FA554090005 Net share issues (liabilities) 13.7 4.9 1.7 3.4 3.6 2.0 -2.3 0.7 -0.7 7

 Memo:

 Net acquisition of financial assets by investment objective:

 8 FA554091603 Domestic equity funds 4.1 3.8 0.1 0.5 0.4 0.1 -0.4 -0.4 0.1 8

 9 FA554092603 World equity funds -0.5 0.5 1.0 1.0 2.3 1.2 -0.3 -0.1 0.1 9

 10 FA554091303 Domestic taxable bond funds 3.9 0.3 0.7 1.8 1.3 0.4 -0.8 -0.1 0.3 10

 11 FA554091203 Municipal bond funds -0.2 0.5 -0.1 -0.0 -0.3 0.8 -0.7 1.2 0.7 11

 12 FA554092303 World bond funds 6.5 -0.2 -0.1 0.2 -0.1 -0.5 -0.0 0.0 -1.9 12

F.124 Exchange-Traded Funds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA564090005 Net acquisition of financial assets 179.9 240.8 230.9 222.1 165.8 172.7 363.1 138.6 121.8 1

 2 FA564022005 Debt securities 12.5 51.5 55.3 77.7 8.2 86.3 49.2 126.3 59.4 2

 3 FA563061103 Treasury securities -6.3 13.2 14.3 12.4 2.4 58.7 -16.4 40.5 -0.2 3

 4 FA563062003 Municipal securities -0.8 3.2 3.9 5.6 2.2 2.0 5.9 7.1 6.5 4

 5 FA563063003 Corporate and foreign bonds 19.7 35.2 37.2 59.7 3.6 25.6 59.7 78.8 53.1 5

 6 FA563064103 Corporate equities 197.3 190.7 173.5 126.3 166.8 88.7 312.1 -27.0 34.0 6

 7 FA563093003 Miscellaneous assets (1) -29.9 -1.4 2.1 18.2 -9.2 -2.4 1.8 39.3 28.5 7

 8 FA564090005 Net share issues (liabilities) 179.9 240.8 230.9 222.1 165.8 172.7 363.1 138.6 121.8 8

 Memo:

 Net acquisition of financial assets by investment objective: (2)

 9 FA564091603 Domestic equity funds 133.9 142.9 63.1 -41.0 -24.2 88.9 228.6 -4.1 37.0 9

 10 FA564092603 World equity funds 62.8 46.6 109.7 166.2 190.0 -0.8 83.2 -23.3 -3.0 10

 11 FA563093003 Commodity funds (1) -29.9 -1.4 2.1 18.2 -9.2 -2.4 1.8 39.3 28.5 11

 12 FA564091403 Hybrid funds 0.8 1.6 1.1 1.6 1.6 0.9 0.4 0.5 1.5 12

 13 FA564091303 Taxable bond funds 13.0 47.8 51.0 71.5 5.4 84.0 43.1 119.1 52.8 13

 14 FA564091203 Municipal bond funds -0.8 3.2 3.9 5.6 2.2 2.0 5.9 7.1 6.5 14

(1) Investments primarily in commodities, currencies, and futures.

(2) Quarterly figures are reported at annual rates and are not seasonally adjusted.
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Z.1, September 16, 2016 41

F.125 Government-Sponsored Enterprises (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA406000105 Gross saving 8.4 7.4 6.9 7.6 6.7 6.3 7.0 4.4 5.9 1

 2 FA405013005 Fixed nonresidential investment 4.0 3.6 2.5 2.5 2.5 2.5 2.4 2.4 2.4 2

 3 FA404090005 Net acquisition of financial assets 104.4 50.2 102.8 -54.0 70.9 123.7 270.5 9.9 384.8 3

 4 FA403020005 Checkable deposits and currency 29.0 -16.6 -24.0 -46.2 -49.0 24.9 -25.6 -25.2 35.6 4

 5 FA403030005 Time and savings deposits 1.1 -2.1 -0.7 -5.4 3.7 -0.6 -0.6 3.2 3.1 5

 6 FA402050005 Federal funds and security repos 1.5 10.3 20.2 -17.9 -68.5 31.9 135.5 -92.0 19.9 6

 7 FA404022005 Debt securities -94.6 -18.9 -25.3 -25.9 -68.0 -24.1 16.8 -12.1 50.2 7

 8 FA403069105 Open market paper 1.0 1.5 -0.5 -1.4 -0.1 -2.3 1.9 0.1 0.3 8

 9 FA403061105 Treasury securities -9.9 5.2 23.2 30.0 -4.1 27.6 39.4 13.5 -1.4 9

 10 FA403061705 Agency- and GSE-backed securities -22.7 7.8 -14.3 -12.3 -27.4 -17.3 -0.1 5.3 67.1 10

 11 FA403062005 Municipal securities -3.5 -2.6 -2.6 -3.6 -3.2 -1.5 -2.2 -2.6 -0.3 11

 12 FA403063005 Corporate and foreign bonds -59.4 -30.8 -31.1 -38.6 -33.3 -30.6 -22.1 -28.4 -15.6 12

 13 FA404023005 Loans 154.4 88.5 139.1 1.1 246.6 140.0 168.5 104.1 244.4 13

 14 FA403069305 Other loans and advances 81.9 84.3 74.4 -22.7 120.7 63.1 136.6 40.9 194.5 14

 15 FA403069385 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA403069345 Farm Credit System 2.9 11.2 8.8 -20.2 21.2 20.5 13.9 -10.5 26.9 16

 17 FA403069330 FHLB loans 79.0 73.1 65.6 -2.5 99.5 42.5 122.7 51.4 167.5 17

 18 FA403065005 Mortgages 72.5 4.3 64.7 23.9 126.0 76.9 31.9 63.2 50.0 18

 19 FA403065105 Home 89.1 3.0 45.8 -4.8 101.0 75.1 12.0 51.7 43.6 19

 20 FA403065195 Consolidated trusts (2) 148.0 28.1 82.6 -69.5 169.3 149.4 81.0 -51.1 110.5 20

 21 FA403065185 Other -58.9 -25.0 -36.7 64.7 -68.3 -74.3 -69.0 102.8 -66.9 21

 22 FA403065405 Multifamily residential -21.9 -2.7 16.1 25.4 22.6 -0.2 16.5 8.7 3.0 22

 23 FA403065495 Consolidated trusts (2) 18.9 17.8 21.2 25.0 35.8 9.1 14.8 31.9 23.2 23

 24 FA403065485 Other -40.8 -20.5 -5.1 0.4 -13.2 -9.3 1.7 -23.3 -20.2 24

 25 FA403065605 Farm 5.4 3.9 2.7 3.2 2.3 2.0 3.4 2.8 3.3 25

 26 FA403066005 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 FA403093005 Miscellaneous assets 13.1 -11.0 -6.5 40.2 6.2 -48.4 -24.0 31.9 31.6 27

 28 FA404190005 Net increase in liabilities 96.4 70.0 87.4 -175.3 69.6 145.4 309.9 -83.3 423.7 28

 29 FA402150005 Federal funds and security repos 0.0 0.1 -0.1 0.1 -0.3 0.5 -0.5 0.0 0.0 29

 30 FA403161705 Debt securities (GSE issues) (4) 107.5 75.3 93.5 -163.5 93.5 142.1 301.9 -75.6 421.7 30

 31 FA403161795 Consolidated trusts (2) 166.8 45.9 103.7 -44.5 205.2 158.5 95.8 -19.1 133.8 31

 32 FA403161785 Other -59.3 29.4 -10.3 -119.1 -111.7 -16.3 206.1 -56.4 287.9 32

 33 FA403169283 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 FA403164105 Corporate equities -1.7 -1.7 -1.4 -7.6 -3.2 -1.4 6.6 -1.8 -0.2 34

 35 FA403190005 Miscellaneous liabilities -9.4 -3.6 -4.6 -4.2 -20.3 4.2 1.9 -5.9 2.3 35

 36 FA407005005 Discrepancy -3.7 23.6 -10.9 -116.1 2.9 25.5 43.9 -91.2 42.3 36

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing

 Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (F.126) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (F.125).

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

F.126 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA413065005 Net acquisition of financial assets 130.8 75.0 126.9 14.9 120.2 176.5 196.2 136.4 158.7 1

 2 FA413065105 Home mortgages 97.4 50.8 94.1 0.7 84.8 149.2 141.6 98.4 106.3 2

 3 FA413065405 Multifamily residential mortgages 33.6 24.3 32.2 14.4 35.5 24.1 54.7 36.6 52.3 3

 4 FA413065505 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA413065605 Farm mortgages -0.2 -0.1 0.7 -0.2 -0.1 3.2 -0.1 1.4 0.1 5

 6 FA413065005 Net increase in pool securities (liabilities)(2) 130.8 75.0 126.9 14.9 120.2 176.5 196.2 136.4 158.7 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (F.126) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (table F.125). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed CMOs

 and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans.

(2) Such issues are classified as agency- and GSE-backed securities.
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F.127 Issuers of Asset-Backed Securities (ABS)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA676330023 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA675013025 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA674090005 Net acquisition of financial assets -274.7 -56.9 -57.0 30.0 -14.6 -156.8 -86.5 -59.5 -131.8 3

 4 FA674022005 Debt securities -1.2 5.5 0.9 2.7 3.9 -1.3 -1.8 -4.0 -9.2 4

 5 FA673061103 Treasury securities -0.9 5.5 1.0 2.7 3.9 -1.3 -1.4 -4.0 -9.2 5

 6 FA673061703 Agency- and GSE-backed securities (1) -0.2 0.0 -0.1 0.0 0.0 0.0 -0.4 0.0 0.0 6

 7 FA674023005 Loans -259.7 -67.2 -62.1 20.2 -15.0 -141.4 -112.4 -57.5 -129.1 7

 8 FA673069005 Other loans and advances -11.5 9.1 -1.0 45.2 -14.3 -31.2 -3.7 62.8 -46.3 8

 9 FA673065005 Mortgages (2) -247.3 -76.9 -57.4 -23.0 -16.9 -93.0 -96.5 -119.6 -105.0 9

 10 FA673065105 Home -88.1 -63.5 -76.4 -50.8 -80.4 -97.8 -76.6 -22.5 -72.9 10

 11 FA673065405 Multifamily residential -8.8 -2.4 -6.4 1.6 -10.5 -11.7 -5.0 -20.1 -7.0 11

 12 FA673065505 Commercial -150.5 -11.1 25.5 26.2 73.9 16.6 -14.9 -77.0 -25.2 12

 13 FA673066000 Consumer credit -0.8 0.6 -3.8 -2.0 16.2 -17.2 -12.1 -0.7 22.2 13

 14 FA673070003 Trade credit -5.4 -4.4 2.7 0.8 2.5 -2.0 9.5 5.8 -1.5 14

 15 FA673090543 Miscellaneous assets (funding agreements) (3) -8.4 9.2 1.6 6.2 -5.9 -12.2 18.2 -3.9 8.0 15

 16 FA674122005 Net increase in liabilities -274.7 -56.9 -57.0 30.0 -14.6 -156.8 -86.5 -59.5 -131.8 16

 17 FA673169105 Commercial paper -7.1 -15.1 -7.3 11.0 31.0 -48.8 -22.3 53.1 -2.9 17

 18 FA673163005 Corporate bonds (net) (4) -267.6 -41.7 -49.7 19.0 -45.5 -108.0 -64.2 -112.6 -128.9 18

 19 FA677005005 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 Memo:

 Securitized assets not included above

 20 FA675013013 Consumer leases (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FA643065045 REIT assets (6) 144.5 12.4 -29.6 -23.9 -48.6 -16.6 -29.2 27.4 -15.3 21

(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) Net issuance less net acquisition of corporate bonds held as 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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(6) Included in table F.129.
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F.128 Finance Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA616000105 Gross saving 3.6 78.5 107.9 98.3 104.8 115.9 112.5 116.7 144.1 1

 2 FA615013005 Fixed nonresidential investment 75.0 88.5 100.6 99.7 99.6 101.8 101.2 99.0 98.1 2

 3 FA614090005 Net acquisition of financial assets -20.4 28.9 -20.3 26.3 -51.0 -63.2 6.8 -61.5 -189.2 3

 4 FA613020003 Checkable deposits and currency 4.2 -0.2 0.5 1.9 3.5 3.3 -6.5 16.5 -48.0 4

 5 FA613030003 Time and savings deposits 12.7 -0.5 1.6 5.6 10.4 10.0 -19.6 49.4 -144.0 5

 6 FA613063003 Debt securities (corporate and foreign bonds) -10.8 6.0 6.1 8.5 14.2 -5.3 6.9 -6.1 27.1 6

 7 FA614023005 Loans -8.2 6.5 -17.2 5.4 -5.5 12.6 -81.2 -74.3 -27.7 7

 8 FA613069500 Other loans and advances 14.4 10.2 13.6 16.1 18.5 28.0 -8.4 -45.0 1.9 8

 9 FA613065000 Mortgages -21.9 -8.7 -28.3 -18.1 -36.9 -27.3 -30.9 -16.0 -12.6 9

 10 FA613066005 Consumer credit -0.6 5.0 -2.4 7.4 12.9 12.0 -41.9 -13.3 -17.0 10

 11 FA613092003 U.S. direct investment abroad -1.4 7.5 9.2 25.5 13.1 8.2 -9.9 16.4 97.4 11

 12 FA613090005 Miscellaneous assets -16.9 9.5 -20.6 -20.5 -86.7 -92.1 117.1 -63.3 -94.1 12

 13 FA614190005 Net increase in liabilities -21.6 14.1 -15.3 69.8 -53.9 -52.5 -24.6 -81.0 -180.9 13

 14 FA614122005 Debt securities -6.1 2.0 -8.8 59.6 -74.3 7.0 -27.6 19.9 -144.0 14

 15 FA613169100 Open market paper -10.3 -1.1 -4.4 5.2 32.8 -16.8 -38.9 41.9 16.7 15

 16 FA613163005 Corporate bonds 4.2 3.0 -4.4 54.4 -107.1 23.8 11.3 -22.0 -160.7 16

 17 FA614123005 Loans 10.3 10.2 15.3 29.0 21.2 2.8 8.3 14.3 -4.8 17

 18 FA613168000 Depository institution loans n.e.c. 10.1 10.5 13.7 29.0 21.3 -0.3 5.0 14.3 -4.7 18

 19 FA613169005 Other loans and advances 0.2 -0.3 1.6 0.1 -0.1 3.2 3.3 0.0 -0.1 19

 20 FA613178003 Taxes payable 0.1 1.0 0.6 1.7 1.0 0.3 -0.6 -1.6 -1.8 20

 21 FA613192003 Foreign direct investment in U.S. 0.4 8.1 -5.8 6.7 -5.1 -31.4 6.7 2.9 4.1 21

 22 FA613190005 Miscellaneous liabilities -26.3 -7.3 -16.7 -27.2 3.3 -31.3 -11.4 -116.5 -34.4 22

 23 FA613194003 Investment by parent -1.0 1.0 -6.7 -12.3 -26.1 -2.5 14.3 -37.3 1.0 23

 24 FA613193005 Other -25.2 -8.2 -10.0 -14.9 29.5 -28.7 -25.7 -79.1 -35.4 24

 25 FA617005005 Discrepancy -72.7 -24.7 12.3 42.2 2.2 24.9 -20.1 -1.7 54.3 25

 Memo:

 26 FA613066303 Consumer leases not included above (2) 23.3 21.6 23.5 17.5 23.4 30.8 22.3 20.8 23.9 26

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (5), table F.127.
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F.129 Real Estate Investment Trusts (REITs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA646000105 Gross saving -24.9 -29.8 -27.2 -43.9 -20.7 -27.9 -16.4 -10.2 -19.6 1

 2 FA645013005 Fixed nonresidential investment 7.0 8.2 9.5 9.6 9.5 9.5 9.2 9.1 9.0 2

 3 FA645012063 Multifamily residential investment 15.0 7.8 -0.0 10.9 8.6 -18.5 -1.1 -1.3 8.4 3

 4 FA644090005 Net acquisition of financial assets 68.4 45.3 -65.8 -14.1 -76.3 -44.7 -128.1 69.2 36.8 4

 5 FA643020005 Checkable deposits and currency -1.0 4.3 -2.9 0.2 -15.6 16.6 -12.7 7.1 16.5 5

 6 FA644022005 Debt securities -89.7 7.7 -44.7 -14.7 -82.4 -29.5 -52.3 -3.2 -1.9 6

 7 FA643061773 Agency- and GSE-backed securities -88.3 8.5 -49.6 -33.5 -84.0 -29.3 -51.8 -2.0 -7.9 7

 8 FA643063005 Corporate and foreign bonds -1.4 -0.9 4.9 18.8 1.6 -0.1 -0.5 -1.1 6.0 8

 9 FA643065005 Loans (mortgages) 150.4 19.9 -29.4 -26.0 4.1 -45.2 -50.6 42.2 -7.6 9

 10 FA643065105 Home 5.0 8.5 2.2 -3.8 25.2 -4.7 -7.7 5.8 10.6 10

 11 FA643065405 Multifamily residential 2.3 -3.3 -0.3 -1.8 -0.3 1.2 -0.3 0.5 -0.7 11

 12 FA643065505 Commercial 143.2 14.7 -31.4 -20.5 -20.8 -41.8 -42.5 36.0 -17.5 12

 13 FA643090005 Miscellaneous assets 8.8 13.4 11.2 26.4 17.6 13.4 -12.6 23.1 29.8 13

 14 FA644190005 Net increase in liabilities 154.7 117.7 1.1 75.4 23.5 15.4 -109.9 102.6 70.0 14

 15 FA642151073 Security repurchase agreements -65.0 10.0 -45.5 -13.0 -52.9 -79.9 -36.4 0.8 -11.9 15

 16 FA644122005 Debt securities 176.1 46.9 -7.8 1.0 -8.9 -12.1 -11.1 80.7 42.7 16

 17 FA643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA643163005 Corporate bonds 176.1 46.9 -7.8 1.0 -8.9 -12.1 -11.1 80.7 42.7 18

 19 FA644123005 Loans 19.5 21.3 29.2 37.6 45.9 57.8 -24.3 -26.1 -32.4 19

 20 FA643168005 Depository institution loans n.e.c. -1.1 7.2 7.3 15.6 22.9 6.5 -15.8 -6.4 -11.3 20

 21 FA643169373 Other loans and advances 0.7 4.9 17.9 5.6 9.7 36.9 19.5 -16.2 -2.5 21

 22 FA643165005 Mortgages 19.9 9.3 4.0 16.4 13.3 14.4 -28.0 -3.5 -18.5 22

 23 FA643164103 Corporate equity issues 46.2 32.7 27.1 53.9 33.1 8.1 13.3 28.6 41.6 23

 24 FA643193005 Miscellaneous liabilities -22.1 6.9 -1.9 -4.1 6.3 41.5 -51.4 18.5 30.0 24

 25 FA647005005 Discrepancy 39.4 26.7 30.3 25.0 61.0 41.1 -6.2 15.3 -3.9 25

 Memo:

 26 FA643065045 Securitized assets included above 144.5 12.4 -29.6 -23.9 -48.6 -16.6 -29.2 27.4 -15.3 26

 27 FA643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA643065143 Home mortgages 9.7 3.2 10.0 2.8 11.0 23.3 2.7 -12.0 7.4 28

 29 FA643065443 Multifamily residential mortgages 2.7 0.3 -0.2 -2.1 -0.2 1.5 0.0 0.1 0.2 29

 30 FA643065543 Commercial mortgages 132.2 8.8 -39.4 -24.6 -59.4 -41.5 -31.9 39.3 -22.9 30

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables F.129.e and F.129.m.
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F.129.e Equity Real Estate Investment Trusts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA644090085 Net acquisition of financial assets 20.3 15.7 6.4 30.5 -7.7 26.2 -23.4 16.5 42.6 1

 2 FA643020083 Checkable deposits and currency 2.3 3.0 -2.3 -2.1 -12.9 11.4 -5.4 1.6 13.1 2

 3 FA643063083 Debt securities (corporate and foreign bonds) 0.1 0.5 -0.4 2.9 -4.5 1.1 -1.2 -0.7 0.7 3

 4 FA643065085 Loans (mortgages) 2.4 2.6 0.1 0.4 1.4 2.1 -3.6 -4.8 4.4 4

 5 FA643065183 Home 0.0 0.0 0.0 0.2 -0.1 0.0 -0.0 0.0 0.1 5

 6 FA643065483 Multifamily residential -0.0 -0.1 0.1 0.0 -0.0 0.2 0.1 0.1 0.2 6

 7 FA643065583 Commercial 2.4 2.7 0.0 0.2 1.6 2.0 -3.8 -4.9 4.1 7

 8 FA643093085 Miscellaneous assets 15.5 9.7 9.0 29.3 8.4 11.5 -13.1 20.4 24.4 8

 9 FA644190085 Net increase in liabilities 56.2 49.6 45.3 64.3 74.1 71.4 -28.7 13.9 36.0 9

 10 FA643163083 Debt securities (corporate bonds) 34.0 28.8 30.5 29.1 32.6 38.9 21.4 25.9 50.9 10

 11 FA644123085 Loans 19.7 15.5 11.1 33.3 33.2 21.3 -43.2 -7.3 -36.2 11

 12 FA643168083 Depository institution loans n.e.c. -0.2 6.2 7.1 16.9 19.9 6.9 -15.3 -3.8 -17.7 12

 13 FA643165005 Mortgages 19.9 9.3 4.0 16.4 13.3 14.4 -28.0 -3.5 -18.5 13

 14 FA643165483 Multifamily residential 3.0 1.4 -0.3 3.1 3.2 -2.1 -5.4 0.2 2.1 14

 15 FA643165583 Commercial 16.9 7.9 4.3 13.2 10.1 16.4 -22.6 -3.6 -20.7 15

 16 FA643193085 Miscellaneous liabilities 2.5 5.3 3.6 1.9 8.3 11.2 -6.9 -4.7 21.3 16

F.129.m Mortgage Real Estate Investment Trusts

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA644090075 Net acquisition of financial assets 48.1 29.5 -72.2 -44.6 -68.7 -70.8 -104.8 52.7 -5.8 1

 2 FA643020073 Checkable deposits and currency -3.3 1.3 -0.6 2.3 -2.7 5.2 -7.3 5.5 3.4 2

 3 FA644022075 Debt securities -89.9 7.2 -44.3 -17.6 -77.9 -30.6 -51.0 -2.5 -2.6 3

 4 FA643061773 Agency- and GSE-backed securities -88.3 8.5 -49.6 -33.5 -84.0 -29.3 -51.8 -2.0 -7.9 4

 5 FA643063073 Corporate and foreign bonds -1.6 -1.4 5.4 15.9 6.1 -1.3 0.8 -0.4 5.3 5

 6 FA643065075 Loans (mortgages) 148.0 17.3 -29.5 -26.5 2.7 -47.4 -46.9 47.0 -12.0 6

 7 FA643065173 Home 5.0 8.5 2.2 -4.0 25.3 -4.7 -7.7 5.7 10.6 7

 8 FA643065473 Multifamily residential 2.3 -3.2 -0.4 -1.8 -0.2 1.1 -0.4 0.4 -0.9 8

 9 FA643065573 Commercial 140.8 12.0 -31.4 -20.7 -22.4 -43.7 -38.8 40.9 -21.6 9

 10 FA643090075 Miscellaneous assets -6.7 3.7 2.2 -2.9 9.2 1.9 0.5 2.7 5.4 10

 11 FA644190075 Net increase in liabilities 52.2 35.4 -71.2 -42.8 -83.6 -64.1 -94.5 60.0 -7.5 11

 12 FA642151073 Security repurchase agreements -65.0 10.0 -45.5 -13.0 -52.9 -79.9 -36.4 0.8 -11.9 12

 13 FA644122075 Debt securities 142.1 18.1 -38.3 -28.1 -41.5 -51.1 -32.5 54.8 -8.1 13

 14 FA643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA643163075 Corporate bonds 142.1 18.1 -38.3 -28.1 -41.5 -51.1 -32.5 54.8 -8.1 15

 16 FA644123075 Loans -0.2 5.8 18.1 4.3 12.7 36.5 19.0 -18.8 3.9 16

 17 FA643168073 Depository institution loans n.e.c. -0.9 1.0 0.2 -1.3 3.0 -0.4 -0.5 -2.6 6.4 17

 18 FA643169373 Other loans and advances 0.7 4.9 17.9 5.6 9.7 36.9 19.5 -16.2 -2.5 18

 19 FA643193075 Miscellaneous liabilities -24.6 1.5 -5.5 -6.0 -1.9 30.4 -44.5 23.2 8.7 19

 Memo:

 20 FA643065045 Securitized assets included above 144.5 12.4 -29.6 -23.9 -48.6 -16.6 -29.2 27.4 -15.3 20

 21 FA643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA643065143 Home mortgages 9.7 3.2 10.0 2.8 11.0 23.3 2.7 -12.0 7.4 22

 23 FA643065443 Multifamily residential mortgages 2.7 0.3 -0.2 -2.1 -0.2 1.5 0.0 0.1 0.2 23

 24 FA643065543 Commercial mortgages 132.2 8.8 -39.4 -24.6 -59.4 -41.5 -31.9 39.3 -22.9 24
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F.130 Security Brokers and Dealers

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA666000105 Gross saving 20.1 6.4 -9.8 -15.3 -9.2 -9.1 -5.6 14.6 9.4 1

 2 FA665013005 Fixed nonresidential investment 14.3 15.7 16.9 16.8 16.9 17.0 16.9 17.0 17.0 2

 3 FA664090005 Net acquisition of financial assets -298.1 -153.7 -210.7 100.3 -135.1 46.0 -853.8 195.2 300.9 3

 4 FA663020003 Checkable deposits and currency -16.5 0.0 -5.7 23.6 -14.3 5.8 -37.9 19.2 12.3 4

 5 FA662051003 Security repurchase agreements -317.2 -168.2 -19.5 -55.8 129.6 289.7 -441.5 -71.9 328.4 5

 6 FA664022005 Debt securities -186.3 -89.2 -36.7 92.1 -41.3 -23.4 -174.0 38.5 173.9 6

 7 FA663069103 Open market paper -1.3 -7.8 -1.4 3.4 -8.2 -0.4 -0.3 3.2 -13.0 7

 8 FA663061105 Treasury securities -110.5 -75.9 5.1 75.8 -17.8 59.3 -96.8 161.5 60.4 8

 9 FA663061703 Agency- and GSE-backed securities -55.4 7.7 -12.2 9.5 4.9 -11.0 -52.1 -28.7 78.4 9

 10 FA663062003 Municipal securities -8.0 0.2 -4.9 7.1 -6.7 -12.3 -7.8 19.3 3.5 10

 11 FA663063005 Corporate and foreign bonds -11.1 -13.5 -23.3 -3.7 -13.5 -59.0 -17.1 -116.8 44.5 11

 12 FA663069005 Loans (other loans and advances) 46.3 38.5 -90.1 -84.8 34.6 -297.4 -12.8 -63.6 19.9 12

 13 FA663064103 Corporate equities 18.6 8.7 -10.3 -103.9 11.2 -22.7 74.0 -124.1 4.0 13

 14 FA663092003 U.S. direct investment abroad 11.3 6.0 11.2 6.0 19.2 9.4 10.3 19.2 12.4 14

 15 FA663090005 Miscellaneous assets 145.6 50.5 -59.6 223.1 -274.2 84.4 -271.9 377.8 -250.1 15

 16 FA664190005 Net increase in liabilities -334.1 -165.1 -189.7 116.1 -130.5 118.2 -862.5 270.2 294.8 16

 17 FA662151003 Security repurchase agreements -439.3 -220.9 -179.4 -49.8 -219.8 53.7 -501.7 -8.9 227.5 17

 18 FA663163003 Debt securities (corporate bonds) 22.2 11.5 7.4 -65.9 113.5 -1.6 -16.4 -47.3 -33.8 18

 19 FA664123005 Loans 68.9 65.4 -49.3 7.7 -101.6 -16.5 -86.7 156.6 48.3 19

 20 FA663168005 Depository institution loans n.e.c. (1) 10.4 12.0 -1.0 1.4 6.0 -20.7 9.3 -1.2 33.3 20

 21 FA153067005 Other loans and advances 58.5 53.5 -48.3 6.3 -107.7 4.2 -96.1 157.8 15.0 21

 22 FA663164103 Corporate equity issues -31.0 -11.7 3.5 10.5 -9.7 39.0 -25.7 24.2 -9.6 22

 23 FA663170003 Trade payables 0.3 3.4 8.4 5.0 17.7 2.4 8.4 -4.1 6.5 23

 24 FA663178003 Taxes payable 0.6 0.3 -0.8 3.3 -2.5 -0.7 -3.4 3.4 -2.3 24

 25 FA663192003 Foreign direct investment in U.S. 8.0 4.7 16.3 7.5 15.8 29.0 12.8 68.6 13.6 25

 26 FA663190005 Miscellaneous liabilities 41.3 -19.9 1.9 198.9 58.1 -11.2 -238.1 85.5 47.8 26

 27 FA663194005 Investment by parent companies 71.7 27.9 113.0 34.9 159.4 72.4 185.4 201.2 -44.1 27

 28 FA663193005 Other -30.4 -47.8 -111.1 164.1 -101.4 -83.7 -423.4 -115.7 92.0 28

 29 FA662090205 Proprietors’ net investment -5.2 2.0 2.3 -1.2 -2.0 24.2 -11.7 -7.9 -3.2 29

 30 FA667005005 Discrepancy -30.1 -20.7 -5.7 -16.4 -21.4 46.2 -31.2 72.6 -13.7 30

(1) Includes loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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F.131 Holding Companies (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA736000105 Gross saving 146.1 171.9 195.4 167.3 204.3 186.5 223.3 153.9 135.6 1

 2 FA735013005 Fixed nonresidential investment 38.2 37.2 39.3 39.0 39.2 39.5 39.6 39.8 40.0 2

 3 FA734090005 Net acquisition of financial assets 180.5 91.2 -72.8 -122.2 151.7 -195.0 -125.7 240.8 63.0 3

 4 FA733030003 Time and savings deposits 1.5 -8.9 -7.9 27.0 8.8 -36.3 -31.1 1.9 -10.6 4

 5 FA732051003 Security repurchase agreements -2.8 -5.1 -0.4 12.9 7.3 -14.5 -7.3 3.4 0.7 5

 6 FA734022605 Debt securities 15.9 -0.2 -20.6 -22.0 1.7 18.0 -80.3 -9.9 8.6 6

 7 FA733061103 Treasury securities 8.5 -2.8 -3.7 -14.4 -5.5 16.3 -11.1 -0.6 -4.2 7

 8 FA733061703 Agency- and GSE-backed securities 9.6 0.0 -4.3 12.2 -5.5 2.8 -26.7 -7.8 5.5 8

 9 FA733063003 Corporate and foreign bonds -2.1 2.6 -12.7 -19.8 12.8 -1.2 -42.5 -1.5 7.3 9

 10 FA733069005 Loans (other loans and advances) -14.2 -10.9 -40.9 -9.9 -28.9 -69.7 -54.9 -3.0 -4.8 10

 11 FA733040005 Life insurance reserves 5.1 5.0 4.1 4.2 4.0 4.0 4.0 4.0 4.0 11

 12 FA733090005 Miscellaneous assets 175.0 111.2 -7.1 -134.5 158.8 -96.4 43.9 244.4 65.0 12

 13 FA763194735 Net trans. with depository institution subs. 59.2 195.9 36.5 -81.7 109.7 73.8 44.3 147.7 288.1 13

 14 FA513194733 Net trans. with property-casualty ins. co. subs. -6.0 0.1 -0.8 -5.5 2.8 0.8 -1.1 -2.1 1.5 14

 15 FA543194733 Net trans. with life insurance company subs. -1.6 0.8 0.5 1.1 0.2 0.9 -0.2 3.5 3.0 15

 16 FA613194733 Net trans. with finance company subs. -15.8 -13.1 -2.6 -4.7 -10.0 -1.0 5.5 -14.3 0.4 16

 17 FA663194735 Net trans. with broker and dealer subs. 56.2 4.8 76.5 -67.1 216.1 15.4 141.4 88.7 -102.9 17

 18 FA263194735 Net trans. with foreign subs. -16.9 -14.6 8.8 34.9 -36.8 57.0 -20.1 7.3 66.1 18

 19 FA733093005 Other 99.9 -62.7 -126.0 -11.4 -123.3 -243.4 -125.9 13.5 -191.1 19

 20 FA734190005 Net increase in liabilities 38.0 -40.1 -224.6 -224.8 2.1 -395.6 -280.1 127.8 -64.9 20

 21 FA732151003 Security repurchase agreements -0.0 -0.0 0.1 0.1 0.1 0.1 0.0 -0.1 -0.0 21

 22 FA734122005 Debt securities -15.8 8.0 -49.4 -45.4 15.4 -44.4 -123.0 121.2 92.8 22

 23 FA733169103 Commercial paper -19.9 -19.6 -71.3 -28.0 -54.8 -161.1 -41.4 -0.3 -3.9 23

 24 FA733163003 Corporate bonds 4.1 27.6 22.0 -17.5 70.2 116.7 -81.6 121.5 96.7 24

 25 FA733168003 Loans (depository institution loans n.e.c.) 13.8 -16.3 -38.7 -9.9 -16.6 -35.1 -93.2 19.2 -19.8 25

 26 FA733164103 Corporate equity issues -17.1 -0.3 -6.5 48.9 2.0 -50.4 -26.4 -15.8 -24.1 26

 27 FA733193005 Miscellaneous liabilities 57.1 -31.4 -130.2 -218.5 1.2 -265.9 -37.7 3.3 -113.7 27

 28 FA733164005 Equity, etc. -9.0 -0.3 -57.7 -181.6 53.1 -40.3 -61.9 26.9 66.3 28

 29 FA733193015 Other 66.1 -31.2 -72.5 -36.9 -51.9 -225.6 24.3 -23.6 -180.0 29

 30 FA737005005 Discrepancy -34.6 3.3 4.2 25.7 15.5 -53.7 29.3 1.0 -32.3 30

(1) Parent-only bank holding companies, savings and loan holding companies and security holding companies that file Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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F.132 Funding Corporations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA504090005 Net acquisition of financial assets -69.8 12.1 150.3 173.8 -5.4 229.9 202.8 539.0 27.0 1

 2 FA503034003 Money market fund shares -61.5 13.4 37.4 147.6 -66.6 52.2 16.3 135.9 -45.3 2

 3 FA502051003 Security repurchase agreements -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 FA504022005 Debt securities -18.9 -5.7 73.4 -46.0 64.3 119.8 155.4 186.3 53.5 4

 5 FA503069105 Open market paper -24.2 -10.4 74.7 -59.9 85.2 102.1 171.6 154.8 80.2 5

 6 FA503063005 Corporate and foreign bonds 5.3 4.7 -1.4 13.9 -20.9 17.8 -16.3 31.5 -26.6 6

 7 FA503069805 Loans (other loans and advances) -2.3 1.5 0.8 -1.9 2.1 4.0 -0.9 17.4 8.8 7

 8 FA503064105 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA503094505 Miscellaneous assets 13.0 2.8 38.7 74.1 -5.1 53.9 32.0 199.4 9.9 9

 10 FA753194503 Investment in foreign banking offices -2.5 -20.3 2.2 -27.9 51.6 -3.1 -11.9 86.9 -48.8 10

 11 FA663194505 Investment in brokers and dealers 15.5 23.1 36.6 102.0 -56.7 57.0 43.9 112.5 58.8 11

 12 FA504190005 Net increase in liabilities -69.8 12.1 150.3 173.8 -5.4 229.9 202.8 539.0 27.0 12

 13 FA504122005 Debt securities 27.7 25.8 67.5 40.3 18.0 157.6 53.9 141.8 29.2 13

 14 FA503169105 Open market paper 16.2 3.6 41.2 -59.3 97.9 122.3 3.9 60.8 -38.3 14

 15 FA503163005 Corporate bonds 11.4 22.2 26.3 99.5 -79.9 35.3 50.0 81.0 67.5 15

 16 FA504123005 Loans -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA713068505 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA503169205 Other loans and advances (4) -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FA503164105 Corporate equities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FA503192003 Foreign direct investment in U.S. 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 20

 21 FA503190005 Miscellaneous liabilities -97.4 -14.3 82.2 132.9 -24.0 71.7 148.3 396.6 -2.8 21

 22 FA663097005 Securities loaned (net) 94.0 47.1 -13.8 139.1 -209.3 177.7 -162.6 315.3 -266.4 22

 23 FA503194305 Equity interest under PPIP -3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FA503193005 Other (net) -187.9 -61.4 96.0 -6.1 185.2 -106.0 310.9 81.3 263.6 24

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities, and funds associated with

 the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
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F.133 Rest of the World

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA266905005 Foreign income from U.S. 3620.1 3774.6 3688.6 3710.0 3719.0 3711.2 3614.1 3630.9 3636.6 1

 2 FA266903001 U.S. imports 2768.6 2884.1 2786.3 2822.4 2807.5 2782.5 2732.6 2686.3 2702.3 2

 3 FA266904101 U.S. income payments to rest of world 581.3 604.0 607.4 592.1 623.9 626.6 587.1 634.5 631.7 3

 4 FA266400101 Curr. taxes and trans. payments to rest of world 270.2 286.5 294.9 295.5 287.6 302.1 294.3 310.1 302.7 4

 5 FA266900005 Foreign outlays to U.S. 3234.0 3372.9 3211.2 3230.9 3266.1 3204.8 3142.8 3118.4 3169.7 5

 6 FA266903011 U.S. exports 2276.6 2375.3 2264.3 2287.8 2298.6 2259.1 2211.7 2179.0 2206.8 6

 7 FA266904001 U.S. income receipts from rest of world 825.5 852.1 813.1 809.1 827.7 817.2 798.5 807.0 827.7 7

 8 FA266400201 Curr. taxes and trans. payments from rest of world 131.8 145.5 133.7 134.0 139.8 128.5 132.6 132.4 135.2 8

 9 FA265440005 - Net capital transfers paid (1) -0.8 -0.4 -0.5 -0.5 -0.5 -0.4 -0.4 -0.4 -0.4 9

 10 FA266000105 Gross saving less net capital transfers paid (2) 386.9 402.1 477.9 479.6 453.4 506.8 471.7 512.9 467.3 10

 11 FA265090005 Gross investment 389.6 365.5 79.3 -282.3 762.1 -190.7 28.2 24.1 131.7 11

 12 FA265420005 Nonproduced nonfinancial assets 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 12

 13 FA265000005 Net lending (+) or net borrowing (-) 389.6 365.5 79.3 -282.3 762.1 -190.7 28.2 24.1 131.6 13

 14 FA264090005 Net acquisition of financial assets 1153.3 1180.9 421.0 1295.6 1170.7 -252.9 -529.3 443.7 1192.6 14

 15 FA263011205 Monetary gold (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA264016005 Net interbank assets 312.2 30.9 -90.8 -11.2 -119.5 -75.4 -157.1 -197.0 122.0 17

 18 FA263020005 U.S. checkable deposits and currency 50.9 82.8 30.9 66.7 -11.8 20.6 48.3 79.5 53.9 18

 19 FA263030005 U.S. time deposits 51.8 54.1 -22.6 29.5 -60.1 -68.9 9.0 66.9 93.7 19

 20 FA263034003 Money market fund shares 11.3 5.1 1.3 -13.3 -4.9 8.7 14.5 0.7 -9.4 20

 21 FA262051003 Security repurchase agreements 34.1 105.6 -143.4 -44.4 -278.8 78.6 -329.1 151.7 179.7 21

 22 FA264022005 Debt securities 553.6 532.0 434.5 286.7 1377.1 -305.4 379.5 278.7 417.0 22

 23 FA263069103 Open market paper -0.9 7.7 -2.5 46.4 -23.5 -46.9 14.0 -12.7 29.4 23

 24 FA263061105 Treasury securities 423.2 318.5 48.3 -159.2 532.0 -375.5 195.9 55.8 -46.9 24

 25 FA263061110 Treasury bills 23.3 -13.9 53.1 114.0 116.9 -75.3 56.6 -14.5 -38.2 25

 26 FA263061120 Other Treasury securities 399.9 332.4 -4.8 -273.2 415.1 -300.2 139.3 70.3 -8.7 26

 27 FA263061705 Agency- and GSE-backed securities -83.6 -8.1 22.1 -52.8 223.3 -8.5 -73.8 76.1 104.0 27

 28 FA263062003 Municipal securities 4.5 4.3 6.9 9.0 11.9 2.3 4.4 2.9 6.1 28

 29 FA263063005 U.S. corporate bonds (4) 210.4 209.6 359.7 443.3 633.5 123.1 239.0 156.6 324.3 29

 30 FA263069500 Loans to U.S. corporate business -4.2 30.9 23.2 26.5 16.8 33.6 16.1 24.5 -78.9 30

 31 FA263064105 U.S. corporate equities -57.5 116.6 -171.0 35.3 -161.1 -38.0 -520.1 -433.1 -183.7 31

 32 FA263064203 Mutual fund shares -16.4 32.7 -8.5 102.4 75.6 -103.9 -108.2 49.8 -32.6 32

 33 FA263070003 Trade receivables 11.5 14.0 14.2 16.8 20.7 21.4 -2.2 18.6 24.9 33

 34 FA263092001 Foreign direct investment in U.S. (5) 206.1 176.2 353.3 800.4 316.7 175.9 120.1 403.4 606.0 34

 35 FA264190005 Net increase in liabilities 763.7 815.4 341.7 1577.8 408.6 -62.2 -557.5 419.6 1061.0 35

 36 FA263111005 U.S. official reserve assets -3.1 -3.6 -6.3 -16.6 -3.5 -1.1 -4.0 -4.8 0.8 36

 37 FA263191005 U.S. private deposits 31.1 -117.9 -240.9 -39.8 -331.3 -265.8 -326.7 153.1 -180.7 37

 38 FA262151003 Security repurchase agreements -108.6 16.0 74.9 272.1 -73.4 370.9 -270.0 272.3 383.0 38

 39 FA264122005 Debt securities 206.1 162.9 -43.2 125.4 17.3 -186.7 -128.8 -93.0 -127.6 39

 40 FA263169105 Commercial paper 34.0 -21.4 59.3 142.5 -17.3 52.7 59.2 68.6 -62.8 40

 41 FA263163005 Bonds 172.1 184.2 -102.4 -17.1 34.6 -239.4 -187.9 -161.6 -64.8 41

 42 FA264123005 Loans 40.5 30.9 23.4 41.1 41.3 -2.8 14.0 10.1 1.1 42

 43 FA263168005 Depository institution loans n.e.c. 39.1 28.6 22.7 41.0 44.0 -6.0 11.8 2.6 -0.1 43

 44 FA263169005 Other loans and advances 1.4 2.3 0.7 0.1 -2.8 3.1 2.2 7.5 1.2 44

 45 FA263164103 Foreign corporate equities (6) 287.4 431.6 202.6 788.7 454.8 -216.5 -216.7 -242.1 524.5 45

 46 FA263170003 Trade payables 9.8 -5.8 -1.7 -4.3 -2.9 3.6 -3.3 12.4 -9.4 46

 47 FA263192005 U.S. direct investment abroad (4,5) 323.8 312.3 322.5 370.5 343.8 178.8 396.9 307.7 391.9 47

 48 FA263190005 Miscellaneous liabilities -23.3 -11.0 10.5 40.8 -37.5 57.4 -18.8 3.9 77.5 48

 49 FA313092803 U.S. equity in IBRD, etc. 2.2 2.3 2.2 8.7 0.0 0.2 0.0 0.0 0.0 49

 50 FA263191103 Nonofficial foreign currencies -8.6 1.3 -0.5 -2.9 -0.7 0.2 1.3 -3.4 11.4 50

 51 FA263194735 Investment by holding companies -16.9 -14.6 8.8 34.9 -36.8 57.0 -20.1 7.3 66.1 51

 52 FA267005005 Discrepancy (FOF basis) -2.7 36.6 398.6 761.9 -308.7 697.5 443.5 488.8 335.6 52

 Memo:

 53 FA266903005 Net U.S. exports, NIPA basis -492.0 -508.8 -522.0 -534.7 -508.9 -523.4 -520.9 -507.4 -495.5 53

 54 FA266904005 + Net U.S. income receipts (7) 244.3 248.1 205.7 217.1 203.8 190.6 211.4 172.5 196.0 54

 55 FA266400101 - Curr. taxes and trans. payments to rest of world 270.2 286.5 294.9 295.5 287.6 302.1 294.3 310.1 302.7 55

 56 FA266400201 + Curr. taxes and trans. payments from rest of world 131.8 145.5 133.7 134.0 139.8 128.5 132.6 132.4 135.2 56

 57 FA266000005 = Balance on current account, NIPAs -386.1 -401.7 -477.4 -479.1 -452.9 -506.4 -471.3 -512.5 -467.0 57

(1) Table F.5, line 64.

(2) Line 1 minus line 5 minus line 8; equals net lending (+) or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 54 with the sign reversed minus line 8.

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

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

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

(6) Includes American Depositary Receipts (ADRs).

(7) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
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F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893111005 Net change in liabilities -3.1 -3.6 -6.3 -16.6 -3.5 -1.1 -4.0 -4.8 0.8 1

 2 FA313111303 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA263111005 Rest of the world -3.1 -3.6 -6.3 -16.6 -3.5 -1.1 -4.0 -4.8 0.8 3

 4 FA313011303 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA263111403 Reserve position in IMF -3.4 -3.8 -6.5 -16.8 -3.7 -1.3 -4.2 -4.9 0.7 5

 6 FA263111503 Other reserves 0.3 0.2 0.2 0.1 0.2 0.2 0.2 0.1 0.1 6

 7 FA893011005 Net change in assets -3.1 -3.6 -6.3 -16.6 -3.5 -1.1 -4.0 -4.8 0.8 7

 8 FA313011005 Federal government -3.3 -3.8 -6.4 -16.7 -3.6 -1.2 -4.0 -4.3 0.7 8

 9 FA313011205 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA313011303 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FA313011405 Reserve position in IMF -3.4 -3.9 -6.5 -16.8 -3.7 -1.3 -4.2 -4.3 0.7 11

 12 FA313011505 Other reserves 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 12

 13 FA263011005 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA263011205 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA313111303 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA713011005 Monetary authority 0.2 0.2 0.1 0.1 0.1 0.2 0.1 -0.5 0.0 16

 17 FA713011203 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FA713011405 Reserve position in IMF 0.0 0.1 0.0 -0.0 0.0 0.1 -0.0 -0.5 0.0 18

 19 FA713011505 Other reserves 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 SDR certificates:

 1 FA713014003 Liab: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA713014003 Asset: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 FA313112003 Liab: Federal government -0.4 -0.3 -0.0 0.0 0.0 0.0 -0.0 0.0 0.0 3

 4 FA713012003 Asset: Monetary authority 0.7 0.8 1.3 1.5 1.3 1.3 1.0 0.6 0.9 4

 5 FA903012005 Discrepancy (seigniorage) -1.1 -1.1 -1.3 -1.5 -1.3 -1.3 -1.0 -0.6 -0.9 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA263191005 Total rest of the world liability 31.1 -117.9 -240.9 -39.8 -331.3 -265.8 -326.7 153.1 -180.7 1

 Held by:

 2 FA153091003 Household sector 2.6 -6.4 -14.1 -3.0 -20.6 -15.0 -17.9 3.3 -8.2 2

 3 FA103091003 Nonfinancial corporate business 42.1 -8.9 -20.6 -69.5 23.3 -32.4 -4.0 -41.6 42.2 3

 4 FA633091003 Money market mutual funds -9.8 -9.8 -13.4 -16.1 8.0 -39.7 -6.0 26.0 -18.6 4

 5 FA903091005 Discrepancy--unallocated assets -3.8 -92.9 -192.7 48.8 -342.0 -178.8 -298.8 165.5 -196.2 5
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F.203 Net Interbank Transactions

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA794110005 Net change in liabilities 1129.1 115.3 -502.0 554.8 -1196.9 -185.2 -1180.7 725.9 -545.5 1

 2 FA714110005 Monetary authority 760.6 131.0 -402.3 243.7 -774.8 -180.4 -897.6 615.4 -331.6 2

 3 FA764110005 U.S.-chartered depository institutions 191.0 54.5 -52.7 382.0 -626.6 -94.0 128.0 130.7 -335.5 3

 4 FA754110005 Foreign banking offices in U.S. 175.1 -70.3 -49.6 -123.3 250.7 107.6 -433.5 -59.4 171.8 4

 5 FA744110005 Banks in U.S.-affiliated areas 0.2 -0.6 0.2 -1.7 -1.9 3.2 1.4 -2.8 -0.4 5

 6 FA474110005 Credit unions 2.2 0.7 2.3 54.1 -44.3 -21.5 21.0 42.0 -49.9 6

 7 FA894010005 Net change in assets 1072.3 162.4 -492.6 231.4 -892.5 -254.2 -1055.1 413.6 -209.4 7

 8 FA714010005 Monetary authority -0.5 0.5 0.5 -1.2 1.8 1.6 -0.3 -4.8 0.1 8

 9 FA763020005 U.S.-chartered depository institutions 456.9 192.7 -209.3 254.2 -793.9 -109.3 -188.2 327.4 -360.0 9

 10 FA753020005 Foreign banking offices in U.S. 309.3 -59.3 -198.5 -66.0 57.6 -62.2 -723.2 235.6 66.9 10

 11 FA473013003 Credit unions -5.7 -2.5 5.5 55.6 -38.4 -8.9 13.8 52.5 -38.4 11

 12 FA264016005 Rest of the world 312.2 30.9 -90.8 -11.2 -119.5 -75.4 -157.1 -197.0 122.0 12

 13 FA904010005 Discrepancy 56.8 -47.1 -9.4 323.4 -304.4 69.0 -125.6 312.3 -336.1 13

 Memo:

 Vault cash:

 14 FA703025005 Liab.: Monetary authority 2.6 2.0 -1.4 6.6 4.5 -1.2 -15.7 22.6 16.8 14

 15 FA763025000 Asset: U.S.-chartered depository institutions 2.5 2.0 -1.4 6.8 4.5 -1.2 -15.7 22.6 16.8 15

 16 FA753025003 Foreign banking offices in U.S. 0.0 0.0 -0.0 -0.2 -0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 FA713113003 Liab.: Monetary authority 758.0 128.9 -400.8 237.1 -779.3 -179.2 -882.0 592.8 -348.4 17

 18 FA763013005 Asset: U.S.-chartered depository institutions 454.4 190.7 -207.9 247.4 -798.4 -108.1 -172.5 304.7 -376.9 18

 19 FA753013003 Foreign banking offices in U.S. 309.3 -59.3 -198.4 -65.8 57.6 -62.2 -723.2 235.6 66.9 19

 20 FA473013003 Credit unions -5.7 -2.5 5.5 55.6 -38.4 -8.9 13.8 52.5 -38.4 20

 Other transactions with the monetary authority

 21 FA714010005 Liab: U.S.-chartered depository institutions -0.5 0.5 0.5 -1.2 1.8 1.6 -0.3 -4.8 0.1 21

 22 FA714010005 Asset: Monetary authority -0.5 0.5 0.5 -1.2 1.8 1.6 -0.3 -4.8 0.1 22

 23 FA713022003 Federal Reserve float -0.5 0.4 0.5 -0.8 1.3 1.3 0.2 -4.6 -0.4 23

 24 FA713068705 Loans 0.0 0.1 -0.0 -0.4 0.5 0.3 -0.5 -0.2 0.6 24

 Transactions with banks in foreign countries (net):

 25 FA764116205 Liab.: U.S.-chartered depository institutions (net) 153.5 102.3 -39.5 131.4 -380.6 -181.8 272.9 -133.0 -25.6 25

 26 FA763192605 Due to foreign affiliates 103.7 16.2 -26.8 46.7 -249.4 -139.1 234.7 -141.3 -23.1 26

 27 FA763092605 - Due from foreign affiliates -49.8 -86.2 12.8 -84.7 131.2 42.8 -38.2 -8.3 2.5 27

 28 FA754116205 Foreign banking offices in U.S. (net) 157.9 -67.2 -54.0 -143.0 265.3 78.0 -416.3 -88.4 186.8 28

 29 FA753192605 Due to foreign affiliates 143.3 -123.8 -139.2 -156.0 0.0 -38.6 -362.0 -156.4 271.4 29

 30 FA753092605 - Due from foreign affiliates -14.6 -56.6 -85.1 -13.0 -265.3 -116.6 54.3 -68.1 84.5 30

 31 FA264116205 Less: Deposits at foreign banks -0.3 1.4 -2.7 -6.4 -3.3 -4.6 3.5 4.2 23.9 31

 32 FA764016205 U.S.-chartered depository institutions 0.4 0.8 -2.6 0.2 -9.3 -2.5 1.3 1.8 6.9 32

 33 FA754016205 Foreign banking offices in U.S. -0.8 0.7 -0.1 -6.6 6.0 -2.1 2.1 2.4 17.0 33

 34 FA264035125 Plus: Loans from foreign banks 0.5 -2.8 0.0 -6.0 -7.5 23.9 -10.3 28.5 -15.3 34

 35 FA274135123 U.S.-chartered depository institutions -0.1 -2.3 0.8 -0.5 -3.2 13.9 -7.0 11.8 -4.7 35

 36 FA284135125 Foreign banking offices in U.S. 0.5 -0.5 -0.7 -5.5 -4.3 10.0 -3.2 16.8 -10.5 36

 37 FA264016005 Asset: Rest of the world (1) 312.2 30.9 -90.8 -11.2 -119.5 -75.4 -157.1 -197.0 122.0 37

 Transactions between U.S. depository institutions (net) (2):

 38 FA764112005 U.S.-chartered depository institutions (net) 38.5 -45.3 -16.9 252.5 -253.8 69.7 -136.1 258.5 -298.3 38

 39 FA764112205 Due to (3): 52.1 -48.5 -16.6 254.7 -256.6 80.6 -145.0 270.4 -286.3 39

 40 FA754012205 Foreign banking offices in U.S. -2.3 -1.4 -4.6 -16.3 1.5 -6.7 2.9 -2.7 -0.5 40

 41 FA743020003 Banks in U.S.-affiliated areas -0.2 0.6 -0.2 1.7 1.9 -3.2 -1.4 2.8 0.4 41

 42 FA474012205 Credit unions -2.2 -0.7 -2.3 -54.1 44.3 21.5 -21.0 -42.0 49.9 42

 43 FA754112205 - Due from: Foreign banking offices in U.S. 13.6 -3.3 0.4 2.2 -2.8 10.9 -8.9 11.9 12.0 43

 44 FA904010005 Unallocated (2) 56.8 -47.1 -9.4 323.4 -304.4 69.0 -125.6 312.3 -336.1 44

(1) Sum of lines 25 and 28 less line 31 plus line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 44), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, 42, and 44.
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52 Z.1, September 16, 2016

F.204 Checkable Deposits and Currency

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA793120005 Net change in liabilities 332.6 351.1 292.2 -44.6 679.3 -107.7 641.8 536.3 400.0 1

 2 FA713120005 Monetary authority 139.5 152.2 204.4 -295.9 601.2 51.6 460.7 149.4 228.7 2

 3 FA713123005 Federal government cash and deposits 69.8 61.0 110.1 -361.4 509.4 -75.2 367.4 53.5 91.5 3

 4 FA713124003 Due to government-sponsored enterprises -1.3 -5.8 10.9 3.0 29.4 15.5 -4.2 40.8 40.0 4

 5 FA713122605 Deposits due to foreign 1.5 -2.7 -0.0 -0.1 0.1 3.9 -4.0 -0.1 0.0 5

 6 FA713125005 Currency outside banks 69.5 99.7 83.4 62.6 62.3 107.3 101.6 55.3 97.1 6

 7 FA763127005 U.S.-chartered depository institutions 148.2 136.2 50.3 171.4 30.8 -127.3 126.4 290.0 94.7 7

 8 FA763123005 Federal government deposits 0.3 0.9 -0.2 -0.3 0.1 0.2 -0.7 -0.4 0.4 8

 9 FA763122605 Deposits due to foreign -0.7 5.3 -14.6 -2.5 -13.9 -45.5 3.5 22.5 -0.5 9

 10 FA763129205 Private domestic deposits 148.6 130.0 65.1 174.2 44.5 -82.0 123.6 267.9 94.8 10

 11 FA753127005 Foreign banking offices in U.S. 30.8 45.2 16.4 46.7 46.9 -33.4 5.3 72.5 80.5 11

 12 FA753122603 Deposits due to foreign 12.3 14.0 7.2 23.2 4.5 8.7 -7.7 6.8 25.6 12

 13 FA753129205 Private domestic deposits 18.5 31.2 9.2 23.5 42.4 -42.1 13.1 65.7 54.8 13

 14 FA743127003 Banks in U.S.-affiliated areas 6.3 5.2 1.6 -1.7 11.2 -1.6 -1.4 13.5 -3.8 14

 15 FA473127003 Credit unions 7.9 12.2 19.5 34.9 -10.8 3.1 50.6 11.0 -0.1 15

 16 FA793120005 Net change in assets 332.6 351.1 292.2 -44.6 679.3 -107.7 641.8 536.3 400.0 16

 17 FA153020005 Household sector 134.0 134.0 144.7 420.8 19.3 -203.4 342.0 330.1 52.5 17

 18 FA143020005 Nonfinancial business 75.5 73.8 30.4 -118.4 244.7 32.8 -37.6 29.3 136.7 18

 19 FA103020005 Corporate 63.5 39.1 -13.3 -151.8 204.0 -11.6 -93.7 -16.5 90.5 19

 20 FA113020005 Noncorporate 12.0 34.7 43.7 33.3 40.8 44.4 56.2 45.9 46.2 20

 21 FA313020005 Federal government 69.6 60.8 109.9 -336.6 469.5 -63.2 370.1 78.9 52.6 21

 22 FA213020005 State and local governments 7.1 16.0 -8.8 -21.2 20.3 -6.3 -27.9 25.9 1.4 22

 23 FA793020005 Domestic financial sectors -3.6 -17.2 -14.7 -31.0 -102.1 124.6 -50.2 19.6 63.8 23

 24 FA513020003 Property-casualty insurance companies -6.7 5.9 -2.9 -0.6 -20.1 15.3 -6.2 -7.8 16.7 24

 25 FA543020005 Life insurance companies -9.2 3.6 7.3 -6.3 -29.8 41.2 24.1 -8.8 37.6 25

 26 FA573020005 Private pension funds -0.4 3.3 1.0 -2.0 1.2 2.5 2.4 2.5 2.6 26

 27 FA223020043 State and local govt. retirement funds 0.3 0.4 0.0 0.3 0.3 -0.3 -0.1 -0.8 0.0 27

 28 FA633020000 Money market mutual funds -3.3 -17.9 11.9 -1.7 21.8 15.2 12.4 16.9 -9.7 28

 29 FA403020005 Government-sponsored enterprises 29.0 -16.6 -24.0 -46.2 -49.0 24.9 -25.6 -25.2 35.6 29

 30 FA613020003 Finance companies 4.2 -0.2 0.5 1.9 3.5 3.3 -6.5 16.5 -48.0 30

 31 FA643020005 REITs -1.0 4.3 -2.9 0.2 -15.6 16.6 -12.7 7.1 16.5 31

 32 FA663020003 Brokers and dealers -16.5 0.0 -5.7 23.6 -14.3 5.8 -37.9 19.2 12.3 32

 33 FA263020005 Rest of the world 50.9 82.8 30.9 66.7 -11.8 20.6 48.3 79.5 53.9 33

 34 FA263027003 Checkable deposits 13.2 16.5 -7.4 20.7 -9.3 -32.9 -8.2 29.2 25.2 34

 35 FA263025003 Currency 37.7 66.3 38.4 46.0 -2.5 53.5 56.5 50.3 28.7 35

 36 FA903020005 Mail float -0.7 0.9 -0.3 -24.9 39.4 -12.7 -2.8 -27.0 39.0 36
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Z.1, September 16, 2016 53

F.205 Time and Savings Deposits

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA703130005 Net change in liabilities 409.1 513.2 406.2 721.6 18.3 494.9 389.9 548.6 276.3 1

 2 FA703131005 Small time and savings deposits 307.0 365.0 513.7 871.9 81.1 464.9 636.9 388.6 555.3 2

 3 FA763131005 U.S.-chartered depository institutions 256.7 343.8 462.2 711.8 166.0 377.2 593.6 426.0 423.5 3

 4 FA753131005 Foreign banking offices in U.S. 27.7 -5.9 13.0 167.5 -150.5 32.3 2.7 2.9 8.7 4

 5 FA743131005 Banks in U.S.-affiliated areas 2.5 2.0 -1.5 -7.2 4.9 -2.2 -1.3 5.2 -4.0 5

 6 FA473131005 Credit unions 20.1 25.0 40.0 -0.3 60.8 57.6 41.9 -45.6 127.0 6

 7 FA703135005 Large time deposits (1) 102.1 148.2 -107.5 -150.3 -62.8 30.0 -246.9 160.0 -279.0 7

 8 FA763135005 U.S.-chartered depository institutions 23.9 102.5 21.9 38.0 -76.0 153.8 -28.3 111.1 -37.4 8

 9 FA753135005 Foreign banking offices in U.S. 71.1 39.7 -134.4 -188.3 6.4 -129.7 -225.8 31.0 -241.5 9

 10 FA743135005 Banks in U.S.-affiliated areas 2.5 2.0 -1.5 -7.2 4.9 -2.2 -1.3 5.2 -4.0 10

 11 FA473135003 Credit unions 4.7 4.1 6.4 7.2 1.9 8.1 8.5 12.7 4.0 11

 12 FA703130005 Net change in assets 409.1 513.2 406.2 721.6 18.3 494.9 389.9 548.6 276.3 12

 13 FA153030005 Household sector 210.7 431.9 460.9 449.5 183.5 702.8 507.7 108.1 458.4 13

 14 FA143030005 Nonfinancial business 47.4 4.1 38.3 126.6 -104.8 97.5 33.8 69.6 123.9 14

 15 FA103030003 Corporate 35.8 -21.5 -30.6 51.5 -134.4 15.7 -55.4 -10.1 64.1 15

 16 FA113030003 Noncorporate 11.5 25.7 68.9 75.0 29.6 81.8 89.2 79.7 59.8 16

 17 FA313030003 Federal government -0.5 0.2 0.0 -0.6 1.1 0.9 -1.3 0.2 0.5 17

 18 FA213030005 State and local governments 18.1 8.9 13.6 28.5 2.8 -3.0 25.9 5.3 20.5 18

 19 FA793030005 Domestic financial sectors 81.7 14.0 -83.9 88.1 -4.1 -234.3 -185.3 298.6 -420.6 19

 20 FA573030005 Private pension funds 4.7 1.9 1.3 1.9 0.8 1.3 1.3 1.7 1.5 20

 21 FA223030045 State and local govt. retirement funds 2.3 3.2 0.2 2.2 2.3 -2.2 -1.2 -7.0 0.3 21

 22 FA633030000 Money market mutual funds 59.5 20.4 -78.4 56.9 -30.1 -206.5 -134.0 249.5 -271.0 22

 23 FA403030005 Government-sponsored enterprises 1.1 -2.1 -0.7 -5.4 3.7 -0.6 -0.6 3.2 3.1 23

 24 FA613030003 Finance companies 12.7 -0.5 1.6 5.6 10.4 10.0 -19.6 49.4 -144.0 24

 25 FA733030003 Holding companies 1.5 -8.9 -7.9 27.0 8.8 -36.3 -31.1 1.9 -10.6 25

 26 FA263030005 Rest of the world 51.8 54.1 -22.6 29.5 -60.1 -68.9 9.0 66.9 93.7 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA634090005 Net issues 24.6 6.8 30.1 -84.4 43.5 43.4 118.0 257.0 -53.2 1

 2 FA634090005 Net purchases 24.6 6.8 30.1 -84.4 43.5 43.4 118.0 257.0 -53.2 2

 3 FA153034005 Household sector 28.9 -27.4 -45.7 -152.2 98.3 -139.9 11.1 120.1 -15.3 3

 4 FA103034003 Nonfinancial corporate business 39.7 -0.9 18.6 -51.9 3.8 50.2 72.2 -8.8 9.6 4

 5 FA113034003 Nonfinancial noncorporate business 2.0 3.9 5.3 5.4 4.4 4.9 6.4 4.4 6.4 5

 6 FA213034003 State and local governments 0.5 6.7 11.7 14.2 4.1 14.3 14.3 3.8 7.5 6

 7 FA513034003 Property-casualty insurance companies -2.2 -1.9 3.2 2.4 2.3 4.7 3.3 -3.4 0.2 7

 8 FA543034005 Life insurance companies -10.1 4.0 2.7 -7.6 -4.3 44.7 -22.0 9.0 -14.7 8

 9 FA573034005 Private pension funds 12.6 0.9 -4.6 -31.5 3.6 10.1 -0.6 7.6 7.6 9

 10 FA223034005 State and local govt. retirement funds 3.4 2.9 0.3 2.4 2.8 -6.4 2.4 -12.3 0.1 10

 11 FA503034003 Funding corporations -61.5 13.4 37.4 147.6 -66.6 52.2 16.3 135.9 -45.3 11

 12 FA263034003 Rest of the world 11.3 5.1 1.3 -13.3 -4.9 8.7 14.5 0.7 -9.4 12
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54 Z.1, September 16, 2016

F.207 Federal Funds and Security Repurchase Agreements (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA892150005 Net change in liabilities -491.1 25.0 49.8 254.8 -247.4 599.7 -408.0 -411.3 626.8 1

 2 FA712151003 Monetary authority 208.7 193.9 202.6 108.1 85.2 331.7 285.3 -647.4 -26.8 2

 3 FA762150005 U.S.-chartered depository institutions -80.5 -33.2 -39.4 -30.1 -9.8 -81.2 -36.4 -12.4 -38.3 3

 4 FA762152005 Federal funds (2) -11.0 -19.7 0.8 -39.9 22.0 -17.8 38.7 1.1 -45.3 4

 5 FA762151005 Security repurchase agreements -69.5 -13.5 -40.1 9.8 -31.8 -63.4 -75.1 -13.5 6.9 5

 6 FA752150005 Foreign banking offices in U.S. -12.3 58.6 35.3 -34.1 22.4 3.4 149.7 -17.0 91.1 6

 7 FA752152005 Federal funds (2) -2.6 8.3 -0.3 45.4 -63.3 16.9 -0.1 30.4 1.3 7

 8 FA752151005 Security repurchase agreements -9.7 50.2 35.6 -79.5 85.6 -13.5 149.8 -47.4 89.8 8

 9 FA472150053 Credit unions 0.0 0.0 0.0 0.1 0.0 -0.0 -0.0 0.0 -0.0 9

 10 FA512151003 Property-casualty insurance companies -0.6 -0.4 0.4 0.4 0.0 0.6 0.5 0.9 1.0 10

 11 FA542151073 Life insurance companies 6.5 1.0 0.9 1.0 1.2 -0.1 1.5 0.4 1.3 11

 12 FA402150005 Government-sponsored enterprises 0.0 0.1 -0.1 0.1 -0.3 0.5 -0.5 0.0 0.0 12

 13 FA642151073 REITs -65.0 10.0 -45.5 -13.0 -52.9 -79.9 -36.4 0.8 -11.9 13

 14 FA662151003 Brokers and dealers -439.3 -220.9 -179.4 -49.8 -219.8 53.7 -501.7 -8.9 227.5 14

 15 FA732151003 Holding companies -0.0 -0.0 0.1 0.1 0.1 0.1 0.0 -0.1 -0.0 15

 16 FA262151003 Rest of the world -108.6 16.0 74.9 272.1 -73.4 370.9 -270.0 272.3 383.0 16

 17 FA892050005 Net change in assets -418.2 135.7 -66.3 21.4 -189.1 462.6 -560.1 -345.3 698.7 17

 18 FA102051003 Nonfinancial corporate business -1.0 12.9 4.4 2.4 6.5 5.7 2.9 -12.6 -5.0 18

 19 FA212051003 State and local governments 0.9 5.8 9.9 11.8 3.8 11.9 12.0 3.1 6.0 19

 20 FA712051000 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FA762050005 U.S.-chartered depository institutions -87.2 -30.4 24.8 120.2 -24.8 13.6 -10.0 -16.8 40.1 21

 22 FA762052005 Federal funds (2) -11.1 -16.4 -11.2 -20.7 -12.0 -12.7 0.4 9.9 -13.4 22

 23 FA762051005 Security repurchase agreements -76.2 -14.0 36.0 140.9 -12.8 26.3 -10.3 -26.8 53.5 23

 24 FA752050005 Foreign banking offices in U.S. -1.2 41.1 0.4 -73.4 43.0 -48.2 80.1 -50.8 -9.7 24

 25 FA752052005 Federal funds (2) -1.7 -0.0 -0.4 -0.8 0.7 -2.0 0.6 -0.2 0.0 25

 26 FA752051005 Security repurchase agreements 0.5 41.1 0.8 -72.5 42.3 -46.2 79.5 -50.5 -9.7 26

 27 FA472050053 Credit unions -9.6 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA472052053 Federal funds -9.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FA472051053 Security repurchase agreements -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 FA512051003 Property-casualty insurance companies 0.0 0.1 0.0 -0.1 -0.1 0.1 -0.0 -0.3 0.0 30

 31 FA542051073 Life insurance companies -5.3 0.4 5.1 20.0 -1.6 6.6 -4.4 -2.3 -0.5 31

 32 FA572051005 Private pension funds 0.4 0.2 -0.2 -0.3 -0.2 -0.3 -0.2 -0.3 -0.3 32

 33 FA222051043 State and local govt. retirement funds 0.2 0.3 0.0 0.2 0.2 -0.2 -0.1 -0.7 0.0 33

 34 FA632051000 Money market mutual funds -53.2 152.9 44.8 50.7 11.2 110.6 6.8 -276.3 146.2 34

 35 FA652051003 Mutual funds 22.3 9.9 -12.4 -5.2 -16.6 -22.9 -4.8 20.5 -6.9 35

 36 FA402050005 Government-sponsored enterprises 1.5 10.3 20.2 -17.9 -68.5 31.9 135.5 -92.0 19.9 36

 37 FA402052033 Of which: FHLB federal funds (3) -14.5 23.3 -10.4 -40.9 -3.6 -42.5 45.5 28.1 -14.9 37

 38 FA662051003 Brokers and dealers -317.2 -168.2 -19.5 -55.8 129.6 289.7 -441.5 -71.9 328.4 38

 39 FA732051003 Holding companies -2.8 -5.1 -0.4 12.9 7.3 -14.5 -7.3 3.4 0.7 39

 40 FA502051003 Funding corporations -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 FA262051003 Rest of the world 34.1 105.6 -143.4 -44.4 -278.8 78.6 -329.1 151.7 179.7 41

 42 FA902050005 Discrepancy -72.9 -110.7 116.1 233.4 -58.4 137.1 152.1 -65.9 -71.9 42

 Memo:

 Federal Reserve’s reverse repurchase agreement operations: (4)

 43 FA712151103 Liability: Monetary authority (5) 197.8 199.0 77.9 -72.9 56.4 228.0 99.9 -683.0 -100.2 43

 44 FA632051103 Asset: Money market mutual funds (6) 163.3 207.9 52.8 -103.8 107.5 169.1 38.3 -625.2 -99.6 44

 45 FA792051115 Other financial institutions (7) 34.5 -9.0 25.1 31.0 -51.1 59.0 61.6 -57.7 -0.6 45

(1) Detailed data on federal funds and security repurchase agreements are only available beginning 2012:Q1 for U.S.-chartered despository institutions, 2003:Q1 for foreign banking offices in U.S.,

 2010:Q4 for credit unions, and 2000:Q1 for FHLB.

(2) Excludes term federal funds.

(3) Includes term federal funds.

(4) Reverse repurchase agreements (RRPs) conducted as part of the Federal Reserve’s Overnight RRP Operational Exercise (beginning 2013:Q3) and term RRP operations (beginning 2014:Q4).

(5) Included in line 2.

(6) Included in line 34.

(7) Includes banks (consolidated), government-sponsored enterprises, and primary dealers.
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Z.1, September 16, 2016 55

F.208 Debt Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 By instrument

 1 FA894122005 Total debt securities 1350.4 1334.5 1255.2 342.7 1261.8 798.2 2618.2 1712.5 1452.6 1

 2 FA893169175 Open market paper -0.8 -21.2 11.1 -11.7 40.6 22.6 -7.1 270.0 -83.4 2

 3 FA313161105 Treasury securities 857.7 736.0 724.4 -37.0 389.1 302.5 2243.0 852.4 770.0 3

 4 FA893161705 Agency- and GSE-backed securities 237.9 150.2 220.6 -149.6 215.7 316.4 499.9 60.4 580.8 4

 5 FA383162005 Municipal securities -68.1 -42.0 15.5 73.9 25.8 11.4 -49.1 35.4 94.7 5

 6 FA893163005 Corporate and foreign bonds 323.7 511.5 283.6 467.0 590.6 145.3 -68.6 494.3 90.5 6

 By sector

 7 FA894122005 Total liabilities 1350.4 1334.5 1255.2 342.7 1261.8 798.2 2618.2 1712.5 1452.6 7

 8 FA384122005 Domestic nonfinancial sectors 1079.4 1001.3 1135.3 425.7 977.6 706.2 2431.5 1451.0 1170.8 8

 9 FA163162003 Household sector (nonprofits) -14.4 -6.7 -8.1 -1.7 -14.7 -10.5 -5.4 0.8 -0.7 9

 10 FA104122005 Nonfinancial corporate business 293.3 307.3 408.6 411.1 584.7 410.1 228.5 576.2 335.4 10

 11 FA314122005 Federal government 857.3 735.9 724.6 -37.9 391.1 300.2 2244.8 851.9 770.5 11

 12 FA213162005 State and local governments -56.8 -35.2 10.2 54.3 16.5 6.4 -36.5 22.1 65.6 12

 13 FA794122005 Domestic financial sectors 65.0 170.4 163.2 -208.4 266.9 278.7 315.4 354.5 409.4 13

 14 FA764122005 U.S.-chartered depository institutions -102.7 -17.2 -9.3 -79.4 4.1 10.4 27.9 36.9 -26.0 14

 15 FA753169603 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA403161705 Government-sponsored enterprises 107.5 75.3 93.5 -163.5 93.5 142.1 301.9 -75.6 421.7 16

 17 FA413065005 Agency- and GSE-backed mortgage pools 130.8 75.0 126.9 14.9 120.2 176.5 196.2 136.4 158.7 17

 18 FA674122005 ABS issuers -274.7 -56.9 -57.0 30.0 -14.6 -156.8 -86.5 -59.5 -131.8 18

 19 FA614122005 Finance companies -6.1 2.0 -8.8 59.6 -74.3 7.0 -27.6 19.9 -144.0 19

 20 FA644122005 REITs 176.1 46.9 -7.8 1.0 -8.9 -12.1 -11.1 80.7 42.7 20

 21 FA663163003 Brokers and dealers 22.2 11.5 7.4 -65.9 113.5 -1.6 -16.4 -47.3 -33.8 21

 22 FA734122005 Holding companies -15.8 8.0 -49.4 -45.4 15.4 -44.4 -123.0 121.2 92.8 22

 23 FA504122005 Funding corporations 27.7 25.8 67.5 40.3 18.0 157.6 53.9 141.8 29.2 23

 24 FA264122005 Rest of the world 206.1 162.9 -43.2 125.4 17.3 -186.7 -128.8 -93.0 -127.6 24

 25 FA894122005 Total assets: 1350.4 1334.5 1255.2 342.7 1261.8 798.2 2618.2 1712.5 1452.6 25

 26 FA384022005 Domestic nonfinancial sectors -479.4 -36.3 203.6 -255.6 -227.0 1154.7 142.4 115.6 -158.3 26

 27 FA154022005 Household sector -402.9 -67.9 177.6 -326.8 -133.2 1050.6 119.8 60.6 -265.9 27

 28 FA104022005 Nonfinancial corporate business -13.2 9.3 -6.9 -22.5 -13.1 -17.6 25.4 32.1 -9.0 28

 29 FA114022005 Nonfinancial noncorporate business 0.5 2.8 4.9 3.9 4.6 4.9 6.1 4.6 4.6 29

 30 FA314022005 Federal government -0.1 -0.0 -0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 30

 31 FA214022005 State and local governments -63.8 19.5 28.1 89.8 -85.2 116.8 -8.9 18.4 111.9 31

 32 FA794022005 Domestic financial sectors 1276.3 838.7 617.1 311.5 111.6 -51.1 2096.3 1318.1 1193.9 32

 33 FA714022005 Monetary authority 1086.6 480.7 5.1 21.6 -11.5 17.2 -6.9 62.4 -64.5 33

 34 FA764022005 U.S.-chartered depository institutions 90.7 241.5 214.4 292.5 208.7 49.4 306.9 94.7 222.1 34

 35 FA754022005 Foreign banking offices in U.S. -50.4 -14.5 -9.0 -33.9 -50.0 37.9 10.0 85.1 96.6 35

 36 FA744022003 Banks in U.S.-affiliated areas 1.5 -1.2 0.8 -0.2 1.5 -0.0 1.9 -0.4 3.0 36

 37 FA474022005 Credit unions 4.6 -9.0 -2.8 -3.2 -18.7 -17.6 28.1 -31.3 -5.6 37

 38 FA514022005 Property-casualty insurance companies 28.6 19.8 -2.3 -28.9 14.2 -2.3 7.7 26.6 -10.2 38

 39 FA544022005 Life insurance companies 55.1 70.2 80.4 104.7 57.8 88.2 70.7 214.3 182.6 39

 40 FA574022005 Private pension funds 89.8 21.6 45.4 48.0 34.2 54.7 44.8 41.1 40.1 40

 41 FA344022005 Federal government retirement funds 107.9 86.5 92.2 -293.3 -462.9 -363.5 1488.3 106.3 63.4 41

 42 FA224022045 State and local govt. retirement funds 89.7 20.3 -5.7 -39.7 3.0 -20.0 34.1 58.0 22.1 42

 43 FA634022005 Money market mutual funds 28.9 -124.2 72.2 -73.7 42.2 134.4 186.0 334.9 86.2 43

 44 FA654022005 Mutual funds 110.9 93.1 116.7 242.7 389.8 -171.7 6.0 9.0 197.5 44

 45 FA554022005 Closed-end funds 5.5 -2.7 1.4 2.5 2.7 1.7 -1.4 1.4 -0.8 45

 46 FA564022005 Exchange-traded funds 12.5 51.5 55.3 77.7 8.2 86.3 49.2 126.3 59.4 46

 47 FA404022005 Government-sponsored enterprises -94.6 -18.9 -25.3 -25.9 -68.0 -24.1 16.8 -12.1 50.2 47

 48 FA674022005 ABS issuers -1.2 5.5 0.9 2.7 3.9 -1.3 -1.8 -4.0 -9.2 48

 49 FA613063003 Finance companies -10.8 6.0 6.1 8.5 14.2 -5.3 6.9 -6.1 27.1 49

 50 FA644022005 REITs -89.7 7.7 -44.7 -14.7 -82.4 -29.5 -52.3 -3.2 -1.9 50

 51 FA664022005 Brokers and dealers -186.3 -89.2 -36.7 92.1 -41.3 -23.4 -174.0 38.5 173.9 51

 52 FA734022605 Holding companies 15.9 -0.2 -20.6 -22.0 1.7 18.0 -80.3 -9.9 8.6 52

 53 FA504022005 Funding corporations -18.9 -5.7 73.4 -46.0 64.3 119.8 155.4 186.3 53.5 53

 54 FA264022005 Rest of the world 553.6 532.0 434.5 286.7 1377.1 -305.4 379.5 278.7 417.0 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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F.209 Open Market Paper

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893169175 Total net issues, all types -0.8 -21.2 11.1 -11.7 40.6 22.6 -7.1 270.0 -83.4 1

 2 FA893169105 Commercial paper -0.8 -21.2 11.1 -11.7 40.6 22.6 -7.1 270.0 -83.4 2

 3 FA103169100 Nonfinancial corporate business 14.2 37.5 -5.4 -61.2 -53.2 70.3 22.5 33.9 12.3 3

 4 FA263169105 Foreign issues in U.S. 34.0 -21.4 59.3 142.5 -17.3 52.7 59.2 68.6 -62.8 4

 5 FA263169110 Nonfinancial 11.2 -6.4 -1.1 39.1 -1.8 -58.0 16.5 31.2 -53.1 5

 6 FA263169123 Financial 22.8 -15.0 60.3 103.4 -15.5 110.7 42.7 37.4 -9.8 6

 7 FA793169100 Domestic financial sectors -48.9 -37.3 -42.7 -93.0 111.1 -100.4 -88.8 167.5 -32.9 7

 8 FA763169103 U.S.-chartered depository institutions -27.8 -5.2 -0.9 -21.9 4.3 4.0 9.9 12.0 -4.4 8

 9 FA673169105 ABS issuers -7.1 -15.1 -7.3 11.0 31.0 -48.8 -22.3 53.1 -2.9 9

 10 FA613169100 Finance companies -10.3 -1.1 -4.4 5.2 32.8 -16.8 -38.9 41.9 16.7 10

 11 FA643169173 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA733169103 Holding companies -19.9 -19.6 -71.3 -28.0 -54.8 -161.1 -41.4 -0.3 -3.9 12

 13 FA503169105 Funding corporations 16.2 3.6 41.2 -59.3 97.9 122.3 3.9 60.8 -38.3 13

 14 FA703169605 Bankers’ acceptances (1) -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA763169603 U.S.-chartered depository institutions -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA753169603 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA893169175 Net purchases, by sector -0.8 -21.2 11.1 -11.7 40.6 22.6 -7.1 270.0 -83.4 17

 18 FA163069103 Household sector -3.8 -0.1 0.2 1.4 1.7 0.8 -3.2 5.1 -0.3 18

 19 FA103069100 Nonfinancial corporate business -6.6 3.5 -1.7 4.9 5.5 -7.4 -9.8 0.2 27.8 19

 20 FA213069103 State and local governments -9.8 -7.1 -3.0 -4.5 -8.6 10.8 -9.5 -10.7 2.6 20

 21 FA713069603 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA763069175 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA753069603 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 23

 24 FA473069153 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 FA513069103 Property-casualty insurance companies 0.7 -0.1 0.9 0.6 0.6 1.5 0.9 -1.4 0.1 25

 26 FA543069105 Life insurance companies 3.2 -4.6 -6.9 2.7 -7.1 -3.1 -20.1 22.0 4.9 26

 27 FA573069105 Private pension funds 5.4 2.0 3.1 5.3 1.3 3.0 2.8 2.0 1.9 27

 28 FA223069143 State and local govt. retirement funds 2.5 3.4 0.3 2.4 2.5 -2.4 -1.4 -7.6 0.3 28

 29 FA633069175 Money market mutual funds 10.7 -19.2 -39.8 8.8 15.3 -15.5 -167.9 109.4 -200.5 29

 30 FA653069100 Mutual funds 22.3 9.9 -12.4 -21.9 -23.9 -17.5 13.9 5.5 -16.9 30

 31 FA403069105 Government-sponsored enterprises 1.0 1.5 -0.5 -1.4 -0.1 -2.3 1.9 0.1 0.3 31

 32 FA663069103 Brokers and dealers -1.3 -7.8 -1.4 3.4 -8.2 -0.4 -0.3 3.2 -13.0 32

 33 FA503069105 Funding corporations -24.2 -10.4 74.7 -59.9 85.2 102.1 171.6 154.8 80.2 33

 34 FA263069103 Rest of the world -0.9 7.7 -2.5 46.4 -23.5 -46.9 14.0 -12.7 29.4 34

(1) Excludes banks’ holdings of own acceptances.
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F.210 Treasury Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA313161105 Total liabilities 857.7 736.0 724.4 -37.0 389.1 302.5 2243.0 852.4 770.0 1

 2 FA313161205 Marketable Treasury securities 806.2 646.7 688.1 254.1 923.8 774.4 800.3 718.7 629.4 2

 3 FA313161113 Treasury bills -35.9 -133.9 54.3 79.4 -333.5 -151.7 623.2 413.4 -437.6 3

 4 FA313161275 Other Treasury notes, bonds, and TIPS 834.3 781.9 632.4 174.7 1262.5 926.1 166.3 305.3 1074.9 4

 5 FA313161283 Held in the Civil Service Retirement Fund (2) 7.9 -1.4 1.4 0.0 -5.2 0.0 10.7 0.0 -7.9 5

 6 FA313161305 Nonmarketable Treasury securities 51.4 89.4 36.2 -291.1 -534.8 -471.9 1442.7 133.7 140.6 6

 7 FA313161400 U.S. savings securities -3.3 -3.3 -4.3 -3.9 -4.2 -4.4 -4.9 -4.9 -5.6 7

 8 FA213061120 State and local government series (SLGS) -42.0 -4.1 -41.3 13.4 -88.8 -46.4 -43.5 39.5 58.8 8

 9 FA343061123 Thrift Savings Plan G Fund 14.2 18.6 15.7 -238.4 -252.2 -274.4 827.7 24.2 12.5 9

 10 FA343061145 Federal govt. defined benefit pension plans 90.3 70.2 74.3 -55.7 -206.5 -90.2 649.7 81.7 56.7 10

 11 FA313161375 Other nonmarketable securities -7.8 8.0 -8.0 -6.4 17.0 -56.5 13.8 -6.6 18.2 11

 12 FA893061105 Total assets 857.7 736.0 724.4 -37.0 389.1 302.5 2243.0 852.4 770.0 12

 13 FA153061105 Household sector -29.9 -229.7 219.3 -6.8 167.2 647.4 69.5 31.1 474.5 13

 14 FA313161400 U.S. savings securities (line 7) -3.3 -3.3 -4.3 -3.9 -4.2 -4.4 -4.9 -4.9 -5.6 14

 15 FA153061185 Other Treasury securities -26.6 -226.5 223.6 -2.9 171.4 651.7 74.3 36.0 480.0 15

 16 FA103061103 Nonfinancial corporate business -0.6 2.5 -5.9 -29.7 -11.3 -3.9 21.4 33.1 -30.6 16

 17 FA113061003 Nonfinancial noncorporate business 2.2 2.6 4.5 3.6 4.3 4.6 5.6 4.3 4.3 17

 18 FA213061105 State and local governments -20.0 36.5 43.2 77.3 -55.2 91.5 59.2 63.6 62.7 18

 19 FA213061120 SLGS (line 8) -42.0 -4.1 -41.3 13.4 -88.8 -46.4 -43.5 39.5 58.8 19

 20 FA213061103 Other Treasury securities 22.0 40.6 84.6 64.0 33.6 137.9 102.8 24.1 4.0 20

 21 FA713061100 Monetary authority 542.6 252.6 0.2 48.4 -8.1 -16.3 -23.2 54.7 -9.7 21

 22 FA713061113 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA713061125 Other Treasury securities 542.6 252.6 0.2 48.4 -8.1 -16.3 -23.2 54.7 -9.7 23

 24 FA763061100 U.S.-chartered depository institutions -26.1 203.3 14.8 9.5 63.5 -11.1 -2.9 12.8 92.9 24

 25 FA753061103 Foreign banking offices in U.S. -9.6 -10.5 13.3 -3.2 6.2 -10.4 60.7 37.5 40.2 25

 26 FA743061103 Banks in U.S.-affiliated areas 0.7 0.2 1.1 0.6 1.4 1.5 0.8 0.3 1.4 26

 27 FA473061105 Credit unions -0.2 2.5 7.6 5.3 1.4 -1.6 25.4 -2.9 -20.5 27

 28 FA513061103 Property-casualty insurance companies 6.4 6.4 -3.2 -6.3 -2.8 -1.6 -2.3 0.2 -0.7 28

 29 FA513061113 Treasury bills 9.4 3.3 -3.9 -4.9 -5.0 -2.1 -3.8 -3.6 0.2 29

 30 FA513061125 Other Treasury securities -3.0 3.0 0.7 -1.3 2.1 0.5 1.5 3.8 -0.9 30

 31 FA543061105 Life insurance companies -12.2 14.3 16.2 35.5 5.1 19.9 4.2 12.4 10.0 31

 32 FA543061113 Treasury bills -2.8 2.0 -2.1 -2.9 -3.6 3.5 -5.5 1.8 -0.4 32

 33 FA543061125 Other Treasury securities -9.4 12.3 18.3 38.4 8.7 16.4 9.8 10.6 10.4 33

 34 FA573061105 Private pension funds -2.0 -4.3 21.5 40.6 12.4 19.3 13.7 10.8 12.4 34

 35 FA573061143 Defined benefit plans -2.7 -5.0 5.7 6.3 4.5 6.0 6.1 5.3 5.8 35

 36 FA573061133 Defined contribution plans 0.7 0.8 15.8 34.3 7.9 13.3 7.6 5.4 6.7 36

 37 FA343061105 Federal government retirement funds 110.9 87.0 91.3 -293.7 -463.5 -365.9 1488.3 106.1 62.1 37

 38 FA343061165 Defined benefit plans 98.2 68.9 75.4 -55.9 -211.8 -90.9 660.3 81.6 48.7 38

 39 FA343061155 Defined contribution plans 12.7 18.2 15.9 -237.8 -251.8 -275.0 828.0 24.5 13.4 39

 40 FA223061143 State and local govt. retirement funds 15.4 -7.0 -6.5 -19.5 6.2 -17.8 5.2 3.1 -6.7 40

 41 FA633061105 Money market mutual funds 29.8 -77.1 63.9 75.0 24.9 -59.6 215.3 233.9 74.3 41

 42 FA633061110 Treasury bills 6.1 -49.6 -8.6 -89.3 130.8 -169.7 94.0 234.1 39.0 42

 43 FA633061120 Other Treasury securities 23.7 -27.5 72.4 164.3 -105.9 110.1 121.2 -0.2 35.3 43

 44 FA653061105 Mutual funds -54.3 193.3 155.3 79.5 126.6 222.1 193.2 -14.6 11.6 44

 45 FA653061113 Treasury bills -9.6 -8.8 3.0 1.2 4.9 36.6 -30.8 11.9 -7.0 45

 46 FA653061125 Other Treasury securities -44.7 202.1 152.3 78.3 121.6 185.4 224.0 -26.5 18.6 46

 47 FA553061103 Closed-end funds 0.6 -0.2 -0.5 -0.4 -0.0 -0.7 -0.7 -0.6 -7.0 47

 48 FA563061103 Exchange-traded funds -6.3 13.2 14.3 12.4 2.4 58.7 -16.4 40.5 -0.2 48

 49 FA403061105 Government-sponsored enterprises -9.9 5.2 23.2 30.0 -4.1 27.6 39.4 13.5 -1.4 49

 50 FA673061103 ABS issuers -0.9 5.5 1.0 2.7 3.9 -1.3 -1.4 -4.0 -9.2 50

 51 FA663061105 Brokers and dealers -110.5 -75.9 5.1 75.8 -17.8 59.3 -96.8 161.5 60.4 51

 52 FA733061103 Holding companies 8.5 -2.8 -3.7 -14.4 -5.5 16.3 -11.1 -0.6 -4.2 52

 53 FA263061105 Rest of the world 423.2 318.5 48.3 -159.2 532.0 -375.5 195.9 55.8 -46.9 53

 54 FA263061110 Treasury bills 23.3 -13.9 53.1 114.0 116.9 -75.3 56.6 -14.5 -38.2 54

 55 FA263061120 Other Treasury securities 399.9 332.4 -4.8 -273.2 415.1 -300.2 139.3 70.3 -8.7 55

(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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F.211 Agency- and GSE-Backed Securities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893161705 Net issues 237.9 150.2 220.6 -149.6 215.7 316.4 499.9 60.4 580.8 1

 2 FA313161705 Budget agencies -0.4 -0.1 0.2 -1.0 2.1 -2.2 1.8 -0.5 0.5 2

 3 FA403161705 Government-sponsored enterprises 107.5 75.3 93.5 -163.5 93.5 142.1 301.9 -75.6 421.7 3

 4 FA413065005 Agency- and GSE-backed mortgage pools 130.8 75.0 126.9 14.9 120.2 176.5 196.2 136.4 158.7 4

 5 FA893061705 Net purchases 237.9 150.2 220.6 -149.6 215.7 316.4 499.9 60.4 580.8 5

 6 FA153061705 Household sector -31.2 92.3 199.9 -140.0 120.6 366.3 452.5 -159.9 -147.4 6

 7 FA103061703 Nonfinancial corporate business -4.2 4.8 -2.0 -9.9 -3.8 -1.3 7.1 11.0 -10.2 7

 8 FA313061703 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA213061703 State and local governments -32.0 -14.8 -22.4 3.8 -23.3 1.5 -71.6 -38.7 38.4 9

 10 FA713061705 Monetary authority 543.9 228.1 4.9 -26.8 -3.4 33.5 16.3 7.8 -54.8 10

 11 FA763061705 U.S.-chartered depository institutions 47.7 43.0 164.4 218.8 121.9 64.1 253.0 21.7 73.4 11

 12 FA753061703 Foreign banking offices in U.S. -6.7 -4.9 2.6 -4.7 15.9 -9.3 8.6 0.4 -0.9 12

 13 FA743061703 Banks in U.S.-affiliated areas -0.8 -0.1 0.1 -1.0 1.4 0.0 -0.0 -1.2 -0.1 13

 14 FA473061705 Credit unions 2.2 -11.7 -11.9 -14.2 -20.1 -15.9 2.5 -33.0 13.3 14

 15 FA513061703 Property-casualty insurance companies -4.9 -3.3 -7.6 -10.6 -5.6 -7.8 -6.3 3.4 -0.8 15

 16 FA543061705 Life insurance companies -6.8 -15.0 -12.4 -9.0 -12.5 -19.4 -8.7 19.4 18.9 16

 17 FA573061705 Private pension funds -5.8 -2.4 -8.7 -25.2 -6.5 -1.2 -1.9 -3.4 -2.7 17

 18 FA343061705 Federal government retirement funds -1.7 -0.5 0.2 0.5 0.4 -0.3 0.2 0.3 0.8 18

 19 FA223061743 State and local govt. retirement funds 2.8 -4.1 -6.7 -13.6 -6.9 -7.8 1.5 1.7 -5.7 19

 20 FA633061700 Money market mutual funds 17.3 23.3 76.9 -100.5 29.6 185.3 193.1 137.8 403.0 20

 21 FA653061703 Mutual funds -41.3 -200.4 -98.2 59.7 -103.0 -208.0 -141.7 50.2 8.4 21

 22 FA403061705 Government-sponsored enterprises -22.7 7.8 -14.3 -12.3 -27.4 -17.3 -0.1 5.3 67.1 22

 23 FA673061703 ABS issuers -0.2 0.0 -0.1 0.0 0.0 0.0 -0.4 0.0 0.0 23

 24 FA643061773 REITs -88.3 8.5 -49.6 -33.5 -84.0 -29.3 -51.8 -2.0 -7.9 24

 25 FA663061703 Brokers and dealers -55.4 7.7 -12.2 9.5 4.9 -11.0 -52.1 -28.7 78.4 25

 26 FA733061703 Holding companies 9.6 0.0 -4.3 12.2 -5.5 2.8 -26.7 -7.8 5.5 26

 27 FA263061705 Rest of the world -83.6 -8.1 22.1 -52.8 223.3 -8.5 -73.8 76.1 104.0 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.106, line 44.
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F.212 Municipal Securities

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA383162005 Net change in liabilities -68.1 -42.0 15.5 73.9 25.8 11.4 -49.1 35.4 94.7 1

 2 FA213162005 State and local governments -56.8 -35.2 10.2 54.3 16.5 6.4 -36.5 22.1 65.6 2

 3 FA213162400 Short-term (1) -10.9 -6.4 -6.1 -1.8 8.1 -27.4 -3.4 -0.7 10.7 3

 4 FA213162200 Long-term -45.9 -28.8 16.3 56.1 8.4 33.8 -33.1 22.8 54.9 4

 5 FA163162003 Nonprofit organizations (2) -14.4 -6.7 -8.1 -1.7 -14.7 -10.5 -5.4 0.8 -0.7 5

 6 FA103162000 Nonfinancial corporate business 3.1 -0.0 13.4 21.4 24.1 15.6 -7.2 12.5 29.8 6

 (industrial revenue bonds)

 7 FA383162005 Net change in assets -68.1 -42.0 15.5 73.9 25.8 11.4 -49.1 35.4 94.7 7

 8 FA153062005 Household sector -52.8 -67.6 -60.2 -57.0 -31.5 -11.2 -141.3 -26.9 -45.1 8

 9 FA103062003 Nonfinancial corporate business -1.7 -1.5 2.6 12.2 -3.6 -5.1 6.7 -12.3 4.0 9

 10 FA113062003 Nonfinancial noncorporate business -1.7 0.2 0.4 0.3 0.3 0.4 0.4 0.3 0.3 10

 11 FA213062003 State and local governments -0.1 0.4 0.8 1.0 0.1 1.0 1.0 0.3 0.6 11

 12 FA763062000 U.S.-chartered depository institutions 53.8 32.7 47.4 61.3 47.2 39.0 42.0 40.1 67.5 12

 13 FA753062003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA743062003 Banks in U.S.-affiliated areas 0.9 -0.9 -0.6 0.2 -1.0 -1.1 -0.4 -0.6 -0.0 14

 15 FA473062005 Credit unions 0.3 -0.8 0.6 0.7 1.2 0.6 -0.2 1.9 0.4 15

 16 FA513062003 Property-casualty insurance companies -1.7 -4.2 8.3 -0.5 14.5 7.4 11.7 10.4 -3.7 16

 17 FA543062005 Life insurance companies 10.1 6.2 10.9 8.4 10.2 12.6 12.4 12.6 9.4 17

 18 FA223062043 State and local govt. retirement funds 1.0 -0.2 -0.2 -0.1 0.1 -0.7 -0.1 1.6 0.0 18

 19 FA633062000 Money market mutual funds -28.6 -27.0 -13.6 -13.5 -26.5 -12.1 -2.5 -99.6 -52.7 19

 20 FA653062003 Mutual funds -39.5 15.1 16.2 42.9 10.9 -10.6 21.7 79.8 97.4 20

 21 FA553062003 Closed-end funds -0.2 0.5 -0.1 -0.0 -0.3 0.8 -0.7 1.2 0.7 21

 22 FA563062003 Exchange-traded funds -0.8 3.2 3.9 5.6 2.2 2.0 5.9 7.1 6.5 22

 23 FA403062005 Government-sponsored enterprises -3.5 -2.6 -2.6 -3.6 -3.2 -1.5 -2.2 -2.6 -0.3 23

 24 FA663062003 Brokers and dealers -8.0 0.2 -4.9 7.1 -6.7 -12.3 -7.8 19.3 3.5 24

 25 FA263062003 Rest of the world 4.5 4.3 6.9 9.0 11.9 2.3 4.4 2.9 6.1 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.101 and L.101).
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F.213 Corporate and Foreign Bonds

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893163005 Net issues 323.7 511.5 283.6 467.0 590.6 145.3 -68.6 494.3 90.5 1

 2 FA103163003 Nonfinancial corporate business 276.0 269.9 400.6 451.0 613.9 324.3 213.2 529.7 293.3 2

 3 FA793163005 Domestic financial sectors -124.4 57.4 -14.5 33.2 -57.9 60.5 -93.9 126.2 -138.1 3

 4 FA763163005 U.S.-chartered depository institutions -74.9 -12.0 -8.4 -57.5 -0.3 6.4 17.9 24.9 -21.6 4

 5 FA673163005 ABS issuers (net) (1) -267.6 -41.7 -49.7 19.0 -45.5 -108.0 -64.2 -112.6 -128.9 5

 6 FA613163005 Finance companies 4.2 3.0 -4.4 54.4 -107.1 23.8 11.3 -22.0 -160.7 6

 7 FA643163005 REITs 176.1 46.9 -7.8 1.0 -8.9 -12.1 -11.1 80.7 42.7 7

 8 FA663163003 Brokers and dealers 22.2 11.5 7.4 -65.9 113.5 -1.6 -16.4 -47.3 -33.8 8

 9 FA733163003 Holding companies 4.1 27.6 22.0 -17.5 70.2 116.7 -81.6 121.5 96.7 9

 10 FA503163005 Funding corporations 11.4 22.2 26.3 99.5 -79.9 35.3 50.0 81.0 67.5 10

 11 FA263163005 Rest of the world (2) 172.1 184.2 -102.4 -17.1 34.6 -239.4 -187.9 -161.6 -64.8 11

 12 FA893163005 Net purchases (3) 323.7 511.5 283.6 467.0 590.6 145.3 -68.6 494.3 90.5 12

 13 FA153063005 Household sector -285.3 137.3 -181.5 -124.4 -391.2 47.3 -257.8 211.1 -547.5 13

 14 FA313063763 Federal government -0.1 -0.0 -0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 14

 15 FA213063003 State and local governments -1.8 4.6 9.5 12.1 1.8 12.1 12.0 3.8 7.6 15

 16 FA763063005 U.S.-chartered depository institutions 15.2 -37.4 -12.2 2.8 -23.8 -42.7 14.9 20.1 -11.7 16

 17 FA763063605 MBS and other ABS -1.3 -8.6 -11.9 -5.4 -11.2 -15.6 -15.4 -23.8 -17.7 17

 18 FA763063095 Other 16.5 -28.8 -0.3 8.2 -12.6 -27.1 30.2 43.9 6.0 18

 19 FA753063005 Foreign banking offices in U.S. -34.1 0.9 -24.9 -25.9 -72.0 57.6 -59.2 47.3 57.3 19

 20 FA743063005 Banks in U.S.-affiliated areas 0.6 -0.4 0.2 0.1 -0.3 -0.5 1.6 1.1 1.7 20

 21 FA473063005 Credit unions 2.2 1.0 0.9 5.1 -1.2 -0.7 0.4 2.6 1.1 21

 22 FA473063605 MBS and other ABS 2.1 1.0 0.9 5.0 -1.4 -0.4 0.5 2.5 1.1 22

 23 FA473063095 Other 0.1 -0.0 -0.0 0.0 0.2 -0.3 -0.1 0.2 -0.0 23

 24 FA513063003 Property-casualty insurance companies 28.1 21.2 -0.7 -12.3 7.6 -1.9 3.7 13.9 -5.1 24

 25 FA513063603 MBS and other ABS 8.3 10.2 0.9 0.9 0.9 0.9 0.9 4.2 -4.5 25

 26 FA513063095 Other 19.8 10.9 -1.6 -13.2 6.7 -2.8 2.8 9.7 -0.6 26

 27 FA543063005 Life insurance companies 60.8 69.3 72.6 67.1 62.1 78.2 82.9 147.9 139.5 27

 28 FA543063673 MBS and other ABS 9.1 15.8 -6.1 -6.1 -6.1 -6.1 -6.1 31.5 28.5 28

 29 FA543063095 Other 51.8 53.5 78.7 73.2 68.2 84.3 89.0 116.4 111.0 29

 30 FA573063005 Private pension funds 92.2 26.3 29.5 27.3 27.0 33.6 30.2 31.8 28.5 30

 31 FA343063005 Federal government retirement funds -1.3 -0.0 0.7 0.0 0.2 2.8 -0.2 -0.0 0.4 31

 32 FA223063045 State and local govt. retirement funds 68.0 28.2 7.5 -8.9 1.2 8.8 28.9 59.2 34.1 32

 33 FA633063003 Money market mutual funds -0.2 -24.2 -15.1 -43.5 -1.1 36.3 -52.0 -46.5 -138.0 33

 34 FA653063005 Mutual funds 223.7 75.1 55.8 82.6 379.3 -157.6 -81.0 -111.9 97.0 34

 35 FA553063003 Closed-end funds 5.2 -3.1 1.9 2.8 3.1 1.7 0.0 0.8 5.5 35

 36 FA563063003 Exchange-traded funds 19.7 35.2 37.2 59.7 3.6 25.6 59.7 78.8 53.1 36

 37 FA403063005 Government-sponsored enterprises -59.4 -30.8 -31.1 -38.6 -33.3 -30.6 -22.1 -28.4 -15.6 37

 38 FA403063605 MBS and other ABS -58.8 -30.2 -30.4 -37.8 -32.5 -29.8 -21.4 -27.7 -14.9 38

 39 FA403063095 Other -0.6 -0.7 -0.8 -0.8 -0.8 -0.7 -0.7 -0.7 -0.7 39

 40 FA613063003 Finance companies -10.8 6.0 6.1 8.5 14.2 -5.3 6.9 -6.1 27.1 40

 41 FA643063005 REITs -1.4 -0.9 4.9 18.8 1.6 -0.1 -0.5 -1.1 6.0 41

 42 FA663063005 Brokers and dealers -11.1 -13.5 -23.3 -3.7 -13.5 -59.0 -17.1 -116.8 44.5 42

 43 FA733063003 Holding companies -2.1 2.6 -12.7 -19.8 12.8 -1.2 -42.5 -1.5 7.3 43

 44 FA503063005 Funding corporations 5.3 4.7 -1.4 13.9 -20.9 17.8 -16.3 31.5 -26.6 44

 45 FA263063005 Rest of the world (4) 210.4 209.6 359.7 443.3 633.5 123.1 239.0 156.6 324.3 45

 46 FA263063603 MBS and other ABS -22.5 -7.8 -1.6 -6.4 16.4 2.2 -18.4 -13.4 -11.2 46

 47 FA263063095 Other 232.9 217.4 361.2 449.7 617.1 120.8 257.3 170.1 335.5 47

(1) Net issuance less net acquisition of corporate bonds held as assets.

(2) Net purchases of foreign issues by U.S. residents.

(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
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F.214 Loans (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 By instrument

 1 FA894123005 Total loans 689.6 986.3 820.7 859.9 1031.1 489.1 902.7 1253.2 990.9 1

 2 FA793068005 Depository institution loans n.e.c. 196.5 320.0 280.6 419.8 273.4 180.4 248.7 424.2 154.1 2

 3 FA893169005 Other loans and advances 223.9 234.9 -83.7 5.7 13.8 -332.2 -22.2 243.4 85.2 3

 4 FA893065005 Mortgages 93.3 209.6 391.1 230.6 477.3 396.8 459.8 386.6 521.2 4

 5 FA893065105 Home -2.4 45.5 143.8 34.8 215.1 159.7 165.8 204.5 259.3 5

 6 FA893065405 Multifamily residential 34.9 59.4 102.3 85.4 95.1 86.3 142.4 70.8 118.3 6

 7 FA893065505 Commercial 48.8 92.9 132.5 98.1 154.6 138.2 139.1 107.2 139.5 7

 8 FA893065603 Farm 12.0 11.8 12.5 12.3 12.5 12.6 12.6 4.1 4.1 8

 9 FA153166000 Consumer credit 175.8 221.8 232.7 203.9 266.6 244.1 216.3 199.1 230.3 9

 By sector

 10 FA894123005 Total liabilities 689.6 986.3 820.7 859.9 1031.1 489.1 902.7 1253.2 990.9 10

 11 FA384123005 Domestic nonfinancial sectors 459.3 806.2 794.7 762.6 951.1 480.5 984.7 1011.5 828.2 11

 12 FA154123005 Household sector 245.6 421.8 397.1 285.0 567.3 208.2 527.9 379.0 623.1 12

 13 FA104123005 Nonfinancial corporate business 104.0 177.5 63.8 228.6 59.9 -73.0 39.7 325.6 -91.2 13

 14 FA114123005 Nonfinancial noncorporate business 109.2 206.6 333.5 248.6 323.8 345.5 416.3 306.2 296.1 14

 15 FA313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA213169203 State and local governments 0.5 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 0.2 16

 17 FA794123005 Domestic financial sectors 189.9 149.2 2.6 56.2 38.8 11.5 -96.0 231.6 161.5 17

 18 FA763169305 U.S.-chartered depository institutions 73.3 58.2 30.4 -15.0 61.6 -21.4 96.4 64.8 140.6 18

 19 FA473169333 Credit unions 1.9 8.4 9.3 -2.0 20.1 19.8 -0.9 -6.9 6.2 19

 20 FA513169333 Property-casualty insurance companies 0.8 0.1 0.1 0.2 -0.4 -0.1 0.9 -0.3 4.9 20

 21 FA543169373 Life insurance companies 2.0 1.8 6.2 8.6 8.6 4.2 3.5 10.0 18.4 21

 22 FA403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FA614123005 Finance companies 10.3 10.2 15.3 29.0 21.2 2.8 8.3 14.3 -4.8 23

 24 FA644123005 REITs 19.5 21.3 29.2 37.6 45.9 57.8 -24.3 -26.1 -32.4 24

 25 FA664123005 Brokers and dealers 68.9 65.4 -49.3 7.7 -101.6 -16.5 -86.7 156.6 48.3 25

 26 FA733168003 Holding companies 13.8 -16.3 -38.7 -9.9 -16.6 -35.1 -93.2 19.2 -19.8 26

 27 FA504123005 Funding corporations -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA264123005 Rest of the world 40.5 30.9 23.4 41.1 41.3 -2.8 14.0 10.1 1.1 28

 29 FA894123005 Total assets 689.6 986.3 820.7 859.9 1031.1 489.1 902.7 1253.2 990.9 29

 30 FA384023005 Domestic nonfinancial sectors 173.2 181.5 71.2 151.1 9.0 99.0 25.8 277.3 114.4 30

 31 FA154023005 Household sector 51.9 53.3 -53.7 7.0 -112.7 -9.8 -99.3 153.2 -3.7 31

 32 FA104023005 Nonfinancial corporate business -3.1 5.8 4.1 11.6 5.0 8.4 -8.7 5.4 4.7 32

 33 FA114023005 Nonfinancial noncorporate business 1.0 1.6 2.9 2.3 2.7 2.9 3.6 2.7 2.7 33

 34 FA314023005 Federal government 124.4 114.5 105.6 114.0 111.1 82.2 114.9 110.8 100.9 34

 35 FA213065005 State and local governments -1.1 6.3 12.4 16.2 2.8 15.3 15.4 5.2 9.8 35

 36 FA794023005 Domestic financial sectors 520.6 773.8 726.3 682.3 1005.4 356.6 860.7 951.4 955.4 36

 37 FA713068005 Monetary authority -0.5 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FA764023005 U.S.-chartered depository institutions 170.7 439.2 527.4 550.0 479.3 465.2 615.1 679.4 520.6 38

 39 FA754023005 Foreign banking offices in U.S. 45.7 74.7 78.1 101.6 83.8 54.1 73.0 55.3 89.1 39

 40 FA744023003 Banks in U.S.-affiliated areas -1.2 -4.3 -5.8 -16.1 -3.4 -2.6 -1.0 -1.9 -2.7 40

 41 FA474023000 Credit unions 45.6 69.2 76.3 73.9 78.9 78.1 74.1 50.1 72.1 41

 42 FA513065503 Property-casualty insurance companies 2.3 2.0 2.4 1.9 2.0 2.3 3.4 4.0 1.7 42

 43 FA544023005 Life insurance companies 22.3 29.5 39.5 33.1 32.7 34.5 57.7 46.9 33.2 43

 44 FA573065005 Private pension funds -0.7 1.7 -2.8 -5.4 -2.6 -1.7 -1.3 -1.1 -1.1 44

 45 FA223065043 State and local govt. retirement funds -0.5 0.6 -0.4 0.7 0.8 -1.9 -1.3 -5.1 -0.6 45

 46 FA653069803 Mutual funds 39.4 9.4 -15.6 23.5 -24.1 -50.9 -11.0 22.1 -19.5 46

 47 FA404023005 Government-sponsored enterprises 154.4 88.5 139.1 1.1 246.6 140.0 168.5 104.1 244.4 47

 48 FA413065005 Agency- and GSE-backed mortgage pools 130.8 75.0 126.9 14.9 120.2 176.5 196.2 136.4 158.7 48

 49 FA674023005 ABS issuers -259.7 -67.2 -62.1 20.2 -15.0 -141.4 -112.4 -57.5 -129.1 49

 50 FA614023005 Finance companies -8.2 6.5 -17.2 5.4 -5.5 12.6 -81.2 -74.3 -27.7 50

 51 FA643065005 REITs 150.4 19.9 -29.4 -26.0 4.1 -45.2 -50.6 42.2 -7.6 51

 52 FA663069005 Brokers and dealers 46.3 38.5 -90.1 -84.8 34.6 -297.4 -12.8 -63.6 19.9 52

 53 FA733069005 Holding companies -14.2 -10.9 -40.9 -9.9 -28.9 -69.7 -54.9 -3.0 -4.8 53

 54 FA503069805 Funding corporations -2.3 1.5 0.8 -1.9 2.1 4.0 -0.9 17.4 8.8 54

 55 FA263069500 Rest of the world -4.2 30.9 23.2 26.5 16.8 33.6 16.1 24.5 -78.9 55

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
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F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA793068005 Net change in liabilities 196.5 320.0 280.6 419.8 273.4 180.4 248.7 424.2 154.1 1

 2 FA153168005 Household sector 28.2 121.1 100.5 103.0 46.8 106.0 146.1 74.8 97.0 2

 3 FA103168005 Corporate business 63.8 93.0 77.1 122.3 48.9 97.3 39.9 155.6 27.1 3

 4 FA113168005 Noncorporate business 32.3 64.0 98.9 117.5 100.1 32.6 145.5 165.5 32.7 4

 5 FA793168005 Domestic financial sectors 33.2 13.3 -18.6 36.1 33.6 -49.6 -94.6 25.8 -2.5 5

 6 FA613168000 Finance companies 10.1 10.5 13.7 29.0 21.3 -0.3 5.0 14.3 -4.7 6

 7 FA643168005 REITs -1.1 7.2 7.3 15.6 22.9 6.5 -15.8 -6.4 -11.3 7

 8 FA663168005 Brokers and dealers 10.4 12.0 -1.0 1.4 6.0 -20.7 9.3 -1.2 33.3 8

 9 FA733168003 Holding companies 13.8 -16.3 -38.7 -9.9 -16.6 -35.1 -93.2 19.2 -19.8 9

 10 FA713068505 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FA263168005 Rest of the world 39.1 28.6 22.7 41.0 44.0 -6.0 11.8 2.6 -0.1 11

 12 FA263168465 Foreign official institutions 1.0 1.1 1.3 4.0 -2.8 1.3 2.7 -5.2 3.5 12

 13 FA263168475 Foreign banks 20.0 -0.7 1.2 6.2 -0.4 3.5 -4.5 -33.0 -18.3 13

 14 FA263168485 Other foreign 18.1 28.2 20.2 30.7 47.2 -10.8 13.6 40.7 14.7 14

 15 FA793068005 Net change in assets 196.5 320.0 280.6 419.8 273.4 180.4 248.7 424.2 154.1 15

 16 FA713068005 Monetary authority (2) -0.5 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA763068005 U.S.-chartered depository institutions 144.3 249.8 214.1 314.9 207.3 142.3 192.1 371.0 98.1 17

 18 FA753068005 Foreign banking offices in U.S. 46.3 67.4 64.4 102.2 69.6 31.4 54.2 36.3 71.2 18

 19 FA743068005 Banks in U.S.-affiliated areas 1.3 -2.3 -2.0 -5.7 -0.5 -1.6 -0.1 -1.9 -1.2 19

 20 FA473068005 Credit unions 5.1 5.1 4.1 8.4 -2.9 8.3 2.4 18.8 -13.9 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 F.109.
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F.216 Other Loans and Advances

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893169005 Total other loans and advances 223.9 234.9 -83.7 5.7 13.8 -332.2 -22.2 243.4 85.2 1

 2 FA313069205 U.S. government loans 7.2 2.0 2.9 0.1 6.1 -8.2 13.6 5.8 5.2 2

 3 FA153169203 Liab.: Household sector 1.1 1.2 2.3 0.9 2.7 2.2 3.2 1.0 2.7 3

 4 FA103169205 Nonfinancial corporate business 0.9 -1.4 0.6 -1.3 6.9 -5.3 2.1 -1.8 1.3 4

 5 FA113169205 Nonfinancial noncorporate business 2.0 -1.2 -3.2 -0.7 -3.0 -8.3 -0.9 -1.4 -0.2 5

 6 FA213169203 State and local governments 0.5 0.4 0.3 0.4 0.1 -0.3 0.8 0.8 0.2 6

 7 FA403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA313069223 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA503169205 Funding corporations -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA263169205 Rest of the world 3.4 3.1 3.0 0.9 -0.6 3.4 8.3 7.2 1.2 10

 11 FA263069500 Foreign loans to U.S. corporate business -4.2 30.9 23.2 26.5 16.8 33.6 16.1 24.5 -78.9 11

 12 FA263069500 Liab.: Nonfinancial corporate business -4.2 30.9 23.2 26.5 16.8 33.6 16.1 24.5 -78.9 12

 Customers’ liability on acceptances outstanding

 13 FA763069703 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA753069703 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FA103169705 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FA263169705 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA733069005 Holding company loans -14.2 -10.9 -40.9 -9.9 -28.9 -69.7 -54.9 -3.0 -4.8 17

 18 FA733069013 Liab.: Nonfinancial corporate business -12.1 -10.1 -38.5 -9.1 -26.7 -69.4 -48.7 -3.3 -4.8 18

 19 FA733069023 Rest of the world -2.0 -0.8 -2.4 -0.8 -2.2 -0.3 -6.2 0.3 0.0 19

 20 FA153169405 Policy loans (Household liability) 0.9 1.7 1.3 1.0 1.6 3.4 -0.7 -1.0 1.4 20

 21 FA313069403 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 21

 22 FA543069405 Life insurance companies 1.0 1.7 1.4 1.0 1.7 3.4 -0.7 -1.0 1.4 22

 23 FA403069330 Federal Home Loan Banks advances (1) 79.0 73.1 65.6 -2.5 99.5 42.5 122.7 51.4 167.5 23

 24 FA763169335 Liab.: U.S.-chartered depository institutions 73.3 58.2 30.4 -15.0 61.6 -21.4 96.4 64.8 140.6 24

 25 FA473169333 Credit unions 1.9 8.4 9.3 -2.0 20.1 19.8 -0.9 -6.9 6.2 25

 26 FA513169333 Property-casualty insurance companies 0.8 0.1 0.1 0.2 -0.4 -0.1 0.9 -0.3 4.9 26

 27 FA543169373 Life insurance companies 2.0 1.8 6.2 8.6 8.6 4.2 3.5 10.0 18.4 27

 28 FA613169333 Finance companies 0.2 -0.3 1.6 0.1 -0.1 3.2 3.3 0.0 -0.1 28

 29 FA643169373 Real estate investment trusts 0.7 4.9 17.9 5.6 9.7 36.9 19.5 -16.2 -2.5 29

 30 FA403069395 Govt.-sponsored enterprises loans (2) 2.9 11.2 8.8 -20.2 21.2 20.5 13.9 -10.5 26.9 30

 31 FA153169305 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FA183169305 Nonfinancial corporate business (FCS) 0.2 1.6 1.2 -0.2 2.5 1.6 0.8 0.9 5.0 32

 33 FA113169305 Nonfinancial noncorporate business (FCS) 2.7 9.5 7.6 -20.0 18.7 18.9 13.1 -11.4 21.9 33

 34 FA763169383 U.S.-chartered depository inst. (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FA673069505 Securitized loans held by ABS issuers 0.2 -1.9 0.0 0.0 -0.0 0.0 0.0 0.7 -0.1 35

 36 FA673069505 Liab.: Nonfinancial corporate business 0.2 -1.9 0.0 0.0 -0.0 0.0 0.0 0.7 -0.1 36

 37 FA613069500 Finance company loans to business 14.4 10.2 13.6 16.1 18.5 28.0 -8.4 -45.0 1.9 37

 38 FA103169535 Liab.: Nonfinancial corporate business 12.9 9.2 12.2 14.5 16.7 25.2 -7.5 -40.5 1.7 38

 39 FA113169535 Nonfinancial noncorporate business 1.4 1.0 1.4 1.6 1.9 2.8 -0.8 -4.5 0.2 39

 40 FA663067003 Margin accounts at brokers and dealers 35.4 30.4 -80.1 -60.8 40.2 -299.9 -0.1 -94.7 40.0 40

 41 FA663067003 Liab.: Household sector 35.4 30.4 -80.1 -60.8 40.2 -299.9 -0.1 -94.7 40.0 41

 42 FA153067005 Cash accounts at brokers and dealers 58.5 53.5 -48.3 6.3 -107.7 4.2 -96.1 157.8 15.0 42

 43 FA153067005 Asset: Household sector 58.5 53.5 -48.3 6.3 -107.7 4.2 -96.1 157.8 15.0 43

 44 FA103169803 Loans to nonfinancial corporate business (3) 43.9 34.7 -29.8 49.1 -53.5 -86.6 -28.4 157.4 -88.9 44

 45 FA153069803 Asset: Household sector 5.0 -1.6 -2.3 3.5 -3.6 -10.4 1.5 9.2 -5.7 45

 46 FA543069873 Life insurance companies 2.6 6.3 -1.8 2.7 -8.0 -0.5 -1.5 15.6 -6.3 46

 47 FA653069803 Mutual funds 39.4 9.4 -15.6 23.5 -24.1 -50.9 -11.0 22.1 -19.5 47

 48 FA673069803 ABS issuers -11.7 11.0 -1.0 45.2 -14.3 -31.2 -3.7 62.0 -46.1 48

 49 FA663069803 Brokers and dealers 10.9 8.2 -10.0 -24.0 -5.6 2.5 -12.7 31.1 -20.1 49

 50 FA503069805 Funding corporations -2.3 1.5 0.8 -1.9 2.1 4.0 -0.9 17.4 8.8 50

(1) The Federal Home Loan Banks are included in the government-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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F.217 Total Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893065005 Net change in mortgages 93.3 209.6 391.1 230.6 477.3 396.8 459.8 386.6 521.2 1

 2 FA893065105 Home -2.4 45.5 143.8 34.8 215.1 159.7 165.8 204.5 259.3 2

 3 FA893065405 Multifamily residential 34.9 59.4 102.3 85.4 95.1 86.3 142.4 70.8 118.3 3

 4 FA893065505 Commercial 48.8 92.9 132.5 98.1 154.6 138.2 139.1 107.2 139.5 4

 5 FA893065603 Farm 12.0 11.8 12.5 12.3 12.5 12.6 12.6 4.1 4.1 5

 6 FA893065005 Net borrowing 93.3 209.6 391.1 230.6 477.3 396.8 459.8 386.6 521.2 6

 7 FA153165005 Household sector 4.1 45.7 140.5 37.1 209.4 152.3 163.0 199.9 251.7 7

 8 FA143165005 Nonfinancial business 69.4 154.6 246.6 177.1 254.6 230.1 324.8 190.1 288.0 8

 9 FA103165005 Corporate -1.5 21.5 17.8 26.8 48.5 -69.3 65.3 32.1 46.5 9

 10 FA113165005 Noncorporate 70.8 133.2 228.8 150.3 206.2 299.3 259.5 158.0 241.5 10

 11 FA313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FA643165005 REITs 19.9 9.3 4.0 16.4 13.3 14.4 -28.0 -3.5 -18.5 12

 13 FA893065005 Net change in assets 93.3 209.6 391.1 230.6 477.3 396.8 459.8 386.6 521.2 13

 14 FA153065005 Household sector -5.4 5.7 0.3 0.2 1.7 -1.2 0.6 -8.3 -7.4 14

 15 FA103065003 Nonfinancial corporate business 1.6 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 15

 16 FA113065005 Nonfinancial noncorporate business 1.0 1.6 2.9 2.3 2.7 2.9 3.6 2.7 2.7 16

 17 FA313065005 Federal government 4.0 1.7 -0.7 3.5 -0.5 -4.0 -1.9 3.6 0.2 17

 18 FA213065005 State and local governments -1.1 6.3 12.4 16.2 2.8 15.3 15.4 5.2 9.8 18

 19 FA763065005 U.S.-chartered depository institutions -26.6 117.9 213.0 188.6 180.9 206.3 276.4 220.9 320.7 19

 20 FA753065005 Foreign banking offices in U.S. -0.6 7.3 13.8 -0.6 14.2 22.7 18.8 18.9 17.9 20

 21 FA743065003 Banks in U.S.-affiliated areas -2.5 -2.1 -3.8 -10.4 -2.9 -0.9 -0.9 0.0 -1.5 21

 22 FA473065100 Credit unions 18.6 26.9 32.7 27.5 38.0 32.8 32.3 2.3 52.5 22

 23 FA513065503 Property-casualty insurance companies 2.3 2.0 2.4 1.9 2.0 2.3 3.4 4.0 1.7 23

 24 FA543065005 Life insurance companies 18.8 21.6 40.0 29.4 38.9 31.6 59.9 32.3 38.1 24

 25 FA573065005 Private pension funds -0.7 1.7 -2.8 -5.4 -2.6 -1.7 -1.3 -1.1 -1.1 25

 26 FA223065043 State and local govt. retirement funds -0.5 0.6 -0.4 0.7 0.8 -1.9 -1.3 -5.1 -0.6 26

 27 FA403065005 Government-sponsored enterprises (1) 72.5 4.3 64.7 23.9 126.0 76.9 31.9 63.2 50.0 27

 28 FA413065005 Agency- and GSE-backed mortgage pools 130.8 75.0 126.9 14.9 120.2 176.5 196.2 136.4 158.7 28

 29 FA673065005 ABS issuers -247.3 -76.9 -57.4 -23.0 -16.9 -93.0 -96.5 -119.6 -105.0 29

 30 FA613065000 Finance companies -21.9 -8.7 -28.3 -18.1 -36.9 -27.3 -30.9 -16.0 -12.6 30

 31 FA643065005 REITs 150.4 19.9 -29.4 -26.0 4.1 -45.2 -50.6 42.2 -7.6 31

(1) Sum of home mortgages, multifamily residential mortgages, commercial mortgages, and farm mortgages.
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F.218 Home Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893065105 Net borrowing -2.4 45.5 143.8 34.8 215.1 159.7 165.8 204.5 259.3 1

 2 FA153165105 Household sector 0.3 38.1 130.1 29.8 197.6 142.1 151.1 192.1 240.9 2

 3 FA103165105 Nonfinancial corporate business 0.3 1.5 1.9 2.0 2.0 1.7 2.0 1.9 1.6 3

 4 FA113165105 Nonfinancial noncorporate business -2.9 5.9 11.8 3.1 15.5 15.8 12.7 10.5 16.8 4

 5 FA893065105 Net change in assets -2.4 45.5 143.8 34.8 215.1 159.7 165.8 204.5 259.3 5

 6 FA153065103 Household sector -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 -8.0 6

 7 FA103065105 Nonfinancial corporate business 0.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 2.9 7

 8 FA113065103 Nonfinancial noncorporate business 0.4 0.6 1.0 0.8 1.0 1.1 1.3 1.0 1.0 8

 9 FA313065105 Federal government 0.4 1.2 1.6 3.5 1.8 1.8 -0.6 2.0 -0.3 9

 10 FA213065103 State and local governments -0.0 3.6 6.7 9.0 1.7 8.1 8.1 2.9 5.3 10

 11 FA763065105 U.S.-chartered depository institutions -99.2 26.7 55.0 80.6 55.2 15.0 69.3 82.9 123.4 11

 12 FA753065103 Foreign banking offices in U.S. -0.4 1.5 -1.4 -0.5 0.2 -1.0 -4.2 -0.4 -1.1 12

 13 FA743065103 Banks in U.S.-affiliated areas -1.1 -1.5 -1.5 -3.6 -0.8 -0.8 -0.9 -0.6 -0.9 13

 14 FA473065100 Credit unions 18.6 26.9 32.7 27.5 38.0 32.8 32.3 2.3 52.5 14

 15 FA543065105 Life insurance companies 0.4 2.4 3.9 0.2 4.2 4.4 6.9 1.2 2.3 15

 16 FA573065103 Private pension funds -0.2 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

 17 FA223065143 State and local govt. retirement funds -0.2 0.2 -0.2 0.3 0.3 -0.7 -0.5 -1.8 -0.6 17

 18 FA403065105 Government-sponsored enterprises 89.1 3.0 45.8 -4.8 101.0 75.1 12.0 51.7 43.6 18

 19 FA413065105 Agency- and GSE-backed mortgage pools 97.4 50.8 94.1 0.7 84.8 149.2 141.6 98.4 106.3 19

 20 FA673065105 ABS issuers -88.1 -63.5 -76.4 -50.8 -80.4 -97.8 -76.6 -22.5 -72.9 20

 21 FA613065105 Finance companies -17.3 -9.8 -14.6 -19.1 -11.9 -17.6 -9.9 -13.1 -4.8 21

 22 FA643065105 REITs 5.0 8.5 2.2 -3.8 25.2 -4.7 -7.7 5.8 10.6 22

 Memo:

 23 FV893065153 Charge-offs (2) 92.4 52.6 50.0 17.9 12.1 9.9 10.1 9.5 9.5 23

 24 FA893065125 Home equity loans included above (3) -55.9 -24.9 -34.3 -44.8 -28.2 -34.3 -29.9 -40.1 -16.1 24

 25 FA763065125 U.S.-chartered depository institutions -46.9 -22.9 -31.7 -38.7 -26.3 -32.4 -29.3 -34.9 -22.3 25

 26 FA753065203 Foreign banking offices in U.S. 0.1 0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.3 -0.0 26

 27 FA473065125 Credit unions -3.7 1.7 2.0 -1.7 3.4 3.0 3.4 -1.6 11.7 27

 28 FA673065123 ABS issuers -1.9 -1.7 -1.7 -1.6 -1.6 -2.0 -1.6 -1.7 -3.0 28

 29 FA613065123 Finance companies -3.6 -2.0 -3.0 -2.8 -3.7 -3.0 -2.5 -1.5 -2.5 29

(1) Mortgages on 1-4 family properties including mortgages on farm houses.

(2) Charge-offs are excluded from the flow (line 1) and are accounted for as other changes in volume. Quarterly figures are shown at an unadjusted quarterly rate. Data begin 2007:Q1.

(3) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals. Home equity loans

 held by U.S.-chartered depository institutions exclude charge-offs.

F.219 Multifamily Residential Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893065405 Net borrowing 34.9 59.4 102.3 85.4 95.1 86.3 142.4 70.8 118.3 1

 2 FA103165405 Nonfinancial corporate business 1.6 2.9 5.1 4.1 4.6 4.4 7.4 3.5 5.8 2

 3 FA113165405 Nonfinancial noncorporate business 30.3 55.1 97.4 78.1 87.3 84.0 140.4 67.1 110.4 3

 4 FA313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA643165483 REITs 3.0 1.4 -0.3 3.1 3.2 -2.1 -5.4 0.2 2.1 5

 6 FA893065405 Net change in assets 34.9 59.4 102.3 85.4 95.1 86.3 142.4 70.8 118.3 6

 7 FA153065403 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA103065403 Nonfinancial corporate business 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 8

 9 FA113065403 Nonfinancial noncorporate business 0.3 0.6 1.0 0.8 0.9 1.0 1.2 0.9 0.9 9

 10 FA313065405 Federal government 0.0 -0.6 -0.3 -0.3 -0.3 -0.7 0.1 -0.2 -0.4 10

 11 FA213065403 State and local governments -0.9 2.3 4.7 6.0 0.9 6.0 6.0 1.9 3.8 11

 12 FA763065403 U.S.-chartered depository institutions 29.4 38.0 51.0 35.9 43.7 60.4 64.0 36.1 57.4 12

 13 FA753065403 Foreign banking offices in U.S. -0.4 0.2 1.2 0.6 0.8 2.2 1.0 0.9 3.0 13

 14 FA543065405 Life insurance companies 2.5 2.8 4.3 2.6 4.7 4.9 4.8 7.4 6.4 14

 15 FA573065403 Private pension funds -0.3 -0.0 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 -0.3 15

 16 FA223065443 State and local govt. retirement funds -0.2 0.2 -0.1 0.2 0.2 -0.6 -0.4 -1.5 -0.2 16

 17 FA403065405 Government-sponsored enterprises -21.9 -2.7 16.1 25.4 22.6 -0.2 16.5 8.7 3.0 17

 18 FA413065405 Agency- and GSE-backed mortgage pools 33.6 24.3 32.2 14.4 35.5 24.1 54.7 36.6 52.3 18

 19 FA673065405 ABS issuers -8.8 -2.4 -6.4 1.6 -10.5 -11.7 -5.0 -20.1 -7.0 19

 20 FA613065403 Finance companies -0.8 0.1 -0.8 0.0 -3.1 -0.1 -0.0 0.0 0.0 20

 21 FA643065405 REITs 2.3 -3.3 -0.3 -1.8 -0.3 1.2 -0.3 0.5 -0.7 21
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F.220 Commercial Mortgages

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893065505 Net borrowing 48.8 92.9 132.5 98.1 154.6 138.2 139.1 107.2 139.5 1

 2 FA163165505 Household sector 3.8 7.6 10.3 7.4 11.8 10.2 11.9 7.8 10.8 2

 3 FA103165505 Nonfinancial corporate business -7.7 12.7 6.4 14.8 36.9 -79.2 53.0 25.7 38.6 3

 4 FA113165505 Nonfinancial noncorporate business 35.7 64.7 111.5 62.7 95.8 190.7 96.7 77.3 110.8 4

 5 FA643165583 REITs 16.9 7.9 4.3 13.2 10.1 16.4 -22.6 -3.6 -20.7 5

 6 FA893065505 Net change in assets 48.8 92.9 132.5 98.1 154.6 138.2 139.1 107.2 139.5 6

 7 FA153065505 Household sector 0.4 1.4 2.2 1.9 2.1 2.3 2.6 2.8 3.0 7

 8 FA103065503 Nonfinancial corporate business 0.6 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 8

 9 FA113065503 Nonfinancial noncorporate business 0.3 0.5 0.8 0.6 0.7 0.8 1.0 0.7 0.7 9

 10 FA313065505 Federal government 3.9 0.2 -2.7 -0.4 -2.7 -5.8 -1.9 1.3 0.2 10

 11 FA213065503 State and local governments -0.2 0.5 0.9 1.2 0.2 1.2 1.2 0.4 0.8 11

 12 FA763065503 U.S.-chartered depository institutions 38.8 60.1 105.2 70.3 80.3 129.0 141.2 100.0 137.9 12

 13 FA753065503 Foreign banking offices in U.S. 0.2 5.5 13.9 -0.8 13.3 21.4 21.8 18.5 16.1 13

 14 FA743065505 Banks in U.S.-affiliated areas -1.4 -0.5 -2.2 -6.7 -2.1 -0.2 0.0 0.7 -0.6 14

 15 FA513065503 Property-casualty insurance companies 2.3 2.0 2.4 1.9 2.0 2.3 3.4 4.0 1.7 15

 16 FA543065505 Life insurance companies 15.4 14.9 31.4 26.2 29.7 22.0 47.8 23.3 29.0 16

 17 FA573065505 Private pension funds -0.1 1.7 -2.4 -5.0 -2.2 -1.3 -0.9 -0.7 -0.7 17

 18 FA223065545 State and local govt. retirement funds -0.2 0.2 -0.1 0.3 0.3 -0.7 -0.4 -1.7 0.2 18

 19 FA413065505 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FA673065505 ABS issuers -150.5 -11.1 25.5 26.2 73.9 16.6 -14.9 -77.0 -25.2 20

 21 FA613065503 Finance companies -3.8 1.1 -12.9 1.0 -22.0 -9.7 -21.0 -2.9 -7.9 21

 22 FA643065505 REITs 143.2 14.7 -31.4 -20.5 -20.8 -41.8 -42.5 36.0 -17.5 22

F.221 Farm Mortgages (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893065603 Net borrowing 12.0 11.8 12.5 12.3 12.5 12.6 12.6 4.1 4.1 1

 2 FA183165605 Nonfinancial corporate business 4.3 4.4 4.4 5.9 4.9 3.8 2.9 1.0 0.5 2

 3 FA233165605 Nonfinancial noncorporate business 7.7 7.4 8.1 6.4 7.5 8.8 9.7 3.1 3.5 3

 4 FA893065603 Net change in assets 12.0 11.8 12.5 12.3 12.5 12.6 12.6 4.1 4.1 4

 5 FA153065605 Household sector 2.2 12.3 6.1 6.3 7.6 4.4 6.0 -3.0 -2.4 5

 6 FA113065603 Nonfinancial noncorporate business 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 6

 7 FA313065605 Federal government -0.3 0.9 0.7 0.7 0.7 0.7 0.6 0.5 0.6 7

 8 FA213065603 State and local governments -0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.0 8

 9 FA763065633 U.S.-chartered depository institutions 4.4 -6.9 1.8 1.8 1.7 1.8 1.9 2.0 2.0 9

 10 FA753065603 Foreign banking offices in U.S. -0.0 0.2 0.0 0.0 -0.1 -0.0 0.2 -0.1 -0.1 10

 11 FA543065633 Life insurance companies 0.5 1.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 11

 12 FA223065643 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FA403065605 Government-sponsored enterprises 5.4 3.9 2.7 3.2 2.3 2.0 3.4 2.8 3.3 13

 14 FA413065605 Agency- and GSE-backed mortgage pools -0.2 -0.1 0.7 -0.2 -0.1 3.2 -0.1 1.4 0.1 14

(1) Excludes mortgages on farm houses.
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F.222 Consumer Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA153166000 Net change in liabilities (Households) 175.8 221.8 232.7 203.9 266.6 244.1 216.3 199.1 230.3 1

 2 FA153166000 Net change in assets 175.8 221.8 232.7 203.9 266.6 244.1 216.3 199.1 230.3 2

 3 FA163066223 Households (nonprofit organizations) (1) -6.2 -4.2 -3.4 -3.0 -3.1 -2.4 -5.3 -5.6 -5.6 3

 4 FA103066005 Nonfinancial corporate business -4.6 0.9 -0.8 6.7 0.2 3.5 -13.6 0.6 -0.1 4

 5 FA113066003 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA313066220 Federal government (2) 113.3 110.7 103.4 110.5 105.5 94.5 103.2 101.5 95.5 6

 7 FA763066000 U.S.-chartered depository institutions 52.9 71.5 100.2 46.5 91.2 116.6 146.6 87.5 101.9 7

 8 FA473066000 Credit unions 21.9 37.2 39.5 37.9 43.8 37.0 39.4 28.9 33.5 8

 9 FA403066005 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FA673066000 ABS issuers -0.8 0.6 -3.8 -2.0 16.2 -17.2 -12.1 -0.7 22.2 10

 11 FA613066005 Finance companies -0.6 5.0 -2.4 7.4 12.9 12.0 -41.9 -13.3 -17.0 11

 Memo:

 12 FA153166100 Credit card loans (3) 12.0 33.8 46.4 17.6 62.3 51.0 54.6 44.7 68.7 12

 13 FA153166400 Auto loans 69.5 79.1 80.9 79.1 84.8 98.4 61.2 54.4 78.6 13

 14 FA153166220 Student loans (4) 91.3 89.8 82.1 91.5 82.1 86.9 67.9 96.0 86.1 14

 15 FA153166205 Other consumer credit (5) 3.1 19.0 23.4 15.7 37.5 7.9 32.6 3.9 -3.0 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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F.223 Corporate Equities (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893064105 Net issues 110.0 274.9 -127.7 510.8 134.8 -705.1 -451.4 -722.0 -50.2 1

 2 FA103164103 Nonfinancial corporate business -352.9 -392.2 -563.1 -591.4 -489.5 -628.4 -543.0 -626.1 -682.4 2

 3 FA793164105 Domestic financial sectors 175.5 235.5 232.8 313.4 169.5 139.8 308.3 146.2 107.7 3

 4 FA763164103 U.S.-chartered depository institutions 2.2 2.7 9.5 24.0 2.2 2.2 9.5 3.4 4.0 4

 5 FA513164103 Property-casualty insurance companies -7.6 -16.9 -22.0 -19.4 -20.5 -24.8 -23.4 -24.4 -19.2 5

 6 FA543164173 Life insurance companies -9.2 -14.9 -10.0 -22.5 -3.7 -7.5 -6.3 -7.3 -5.9 6

 7 FA554090005 Closed-end funds 13.7 4.9 1.7 3.4 3.6 2.0 -2.3 0.7 -0.7 7

 8 FA564090005 Exchange-traded funds 179.9 240.8 230.9 222.1 165.8 172.7 363.1 138.6 121.8 8

 9 FA643164103 REITs 46.2 32.7 27.1 53.9 33.1 8.1 13.3 28.6 41.6 9

 10 FA403164105 Government-sponsored enterprises -1.7 -1.7 -1.4 -7.6 -3.2 -1.4 6.6 -1.8 -0.2 10

 11 FA663164103 Brokers and dealers -31.0 -11.7 3.5 10.5 -9.7 39.0 -25.7 24.2 -9.6 11

 12 FA733164103 Holding companies -17.1 -0.3 -6.5 48.9 2.0 -50.4 -26.4 -15.8 -24.1 12

 13 FA503164105 Funding corporations (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FA263164103 Rest of the world (3) 287.4 431.6 202.6 788.7 454.8 -216.5 -216.7 -242.1 524.5 14

 15 FA893064105 Net purchases 110.0 274.9 -127.7 510.8 134.8 -705.1 -451.4 -722.0 -50.2 15

 16 FA153064105 Household sector 137.5 170.3 1.1 520.7 167.2 -689.1 5.8 117.6 407.8 16

 17 FA313064105 Federal government -4.8 -1.6 -0.0 -0.4 0.6 -0.2 -0.0 0.0 -0.1 17

 18 FA213064103 State and local governments -1.0 2.5 5.1 6.5 1.0 6.4 6.4 2.1 4.0 18

 19 FA713064103 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FA763064105 U.S.-chartered depository institutions 0.8 0.7 2.0 -1.7 3.1 3.2 3.5 -29.5 -1.8 20

 21 FA753064103 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FA513064105 Property-casualty insurance companies 3.7 2.6 -2.1 -1.0 -3.8 9.8 -13.3 -4.0 -13.5 22

 23 FA543064105 Life insurance companies -12.4 -4.6 -3.0 4.4 -3.4 -9.6 -3.4 2.9 4.2 23

 24 FA573064105 Private pension funds -207.7 -183.9 -112.6 -110.9 -136.0 -99.2 -104.2 -93.4 -85.3 24

 25 FA343064105 Federal government retirement funds 9.1 3.5 0.2 5.7 -3.8 -1.2 -0.0 -11.9 -9.3 25

 26 FA223064145 State and local govt. retirement funds -179.0 -132.2 -66.7 -71.8 -74.5 -47.7 -72.9 -8.6 -75.2 26

 27 FA653064100 Mutual funds 197.3 94.2 55.8 100.6 166.8 94.3 -138.4 -112.2 -135.4 27

 28 FA553064103 Closed-end funds 8.2 7.6 0.3 0.9 0.8 0.3 -0.9 -0.8 0.2 28

 29 FA563064103 Exchange-traded funds 197.3 190.7 173.5 126.3 166.8 88.7 312.1 -27.0 34.0 29

 30 FA663064103 Brokers and dealers 18.6 8.7 -10.3 -103.9 11.2 -22.7 74.0 -124.1 4.0 30

 31 FA503064105 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FA263064105 Rest of the world (4) -57.5 116.6 -171.0 35.3 -161.1 -38.0 -520.1 -433.1 -183.7 32

(1) Excludes mutual fund shares shown on table F.224.

(2) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(3) Net purchases of foreign corporate equities and investment fund shares by U.S. residents; includes American Depositary Receipts (ADRs).

(4) Net purchases of U.S. issues by foreign residents.

F.224 Mutual Fund Shares (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA653164205 Net issues 346.0 309.4 95.3 252.6 224.7 -35.8 -60.4 -22.7 76.2 1

 2 FA653164205 Net purchases 346.0 309.4 95.3 252.6 224.7 -35.8 -60.4 -22.7 76.2 2

 3 FA153064205 Household sector 230.4 241.3 73.1 48.2 62.6 167.4 14.3 -192.0 118.0 3

 4 FA103064203 Nonfinancial corporate business 1.2 15.1 7.4 7.4 7.4 7.4 7.4 7.4 7.4 4

 5 FA213064203 State and local governments -0.5 1.3 2.6 3.3 0.5 3.3 3.3 1.1 2.1 5

 6 FA763064203 U.S.-chartered depository institutions 1.6 -0.7 -0.9 -2.5 3.8 -3.3 -1.6 4.1 -0.5 6

 7 FA473064205 Credit unions -0.5 -0.2 -0.1 -0.6 0.6 0.5 -1.0 0.1 0.1 7

 8 FA513064203 Property-casualty insurance companies 1.0 1.4 1.0 1.0 1.0 1.0 1.0 1.0 -1.2 8

 9 FA543064205 Life insurance companies -19.1 -33.4 -29.1 -27.0 -32.5 -37.8 -19.2 -44.9 -49.5 9

 10 FA573064205 Private pension funds 123.9 40.6 34.2 70.7 75.9 -49.7 39.9 142.5 9.0 10

 11 FA223064205 State and local govt. retirement funds 24.4 11.3 15.7 49.6 29.9 -20.6 3.7 8.2 23.4 11

 12 FA263064203 Rest of the world -16.4 32.7 -8.5 102.4 75.6 -103.9 -108.2 49.8 -32.6 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds and exchange-traded funds.
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F.225 Trade Credit

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893170005 Net change in trade payables 202.6 182.5 73.7 89.9 170.3 29.1 5.5 53.1 249.7 1

 2 FA163170003 Household sector 1.0 3.1 1.2 1.4 1.8 1.0 0.8 0.3 -0.1 2

 3 FA103170005 Nonfinancial corporate business 101.3 108.8 -33.1 16.2 51.2 -88.1 -111.9 -46.5 164.0 3

 4 FA113170005 Nonfinancial noncorporate business 34.0 34.9 46.0 39.4 38.0 42.4 64.0 31.4 35.4 4

 5 FA313170005 Federal government 17.9 -0.7 12.8 -7.1 24.1 27.3 7.1 19.0 12.7 5

 6 FA213170003 State and local governments 38.2 38.9 40.1 39.2 40.4 40.7 40.3 40.7 40.6 6

 7 FA663170003 Brokers and dealers 0.3 3.4 8.4 5.0 17.7 2.4 8.4 -4.1 6.5 7

 8 FA263170003 Rest of the world 9.8 -5.8 -1.7 -4.3 -2.9 3.6 -3.3 12.4 -9.4 8

 9 FA893070005 Net change in trade receivables 332.5 121.5 74.0 101.7 87.6 53.7 52.9 51.6 284.6 9

 10 FA103070005 Nonfinancial corporate business 261.6 70.8 -15.6 15.4 -5.3 -24.6 -47.7 -42.7 169.3 10

 11 FA113070003 Nonfinancial noncorporate business 48.8 30.7 53.0 42.3 50.0 53.7 66.2 50.1 50.4 11

 12 FA313070000 Federal government 3.3 -5.2 12.7 3.4 -3.4 4.1 46.7 6.0 10.1 12

 13 FA213070003 State and local governments 9.5 10.1 0.9 1.8 10.2 -4.5 -3.9 -3.1 18.2 13

 14 FA513070003 Property-casualty insurance companies 3.3 5.5 6.0 21.3 12.9 5.5 -15.6 16.8 13.4 14

 15 FA673070003 ABS issuers -5.4 -4.4 2.7 0.8 2.5 -2.0 9.5 5.8 -1.5 15

 16 FA263070003 Rest of the world 11.5 14.0 14.2 16.8 20.7 21.4 -2.2 18.6 24.9 16

 17 FA903070005 Discrepancy -129.9 61.0 -0.3 -11.8 82.7 -24.6 -47.5 1.6 -34.9 17

F.226 Life Insurance Reserves

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA883140005 Net change in liabilities 20.1 47.9 44.5 58.3 33.1 56.8 29.8 61.8 44.7 1

 2 FA313140003 Federal government 0.2 0.8 -0.1 -2.1 0.9 -0.6 1.3 -0.4 0.8 2

 3 FA543140005 Life insurance companies 19.9 47.1 44.6 60.4 32.2 57.4 28.5 62.2 43.9 3

 4 FA883140005 Net change in assets 20.1 47.9 44.5 58.3 33.1 56.8 29.8 61.8 44.7 4

 5 FA153040005 Households 9.3 37.0 33.9 49.0 20.5 47.2 19.1 52.3 35.0 5

 6 FA763040005 U.S.-chartered depository institutions 5.7 5.9 6.5 5.2 8.6 5.6 6.6 5.5 5.7 6

 7 FA733040005 Holding companies 5.1 5.0 4.1 4.2 4.0 4.0 4.0 4.0 4.0 7
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F.227 Pension Entitlements

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA153050005 Net change in liabilities 488.3 311.1 435.5 404.9 440.0 385.2 511.8 602.6 426.0 1

 2 FA543150005 Life insurance companies (1) 33.1 37.2 53.7 -44.8 75.4 113.2 71.1 91.8 42.6 2

 3 FA574190005 Private pension funds (2) 148.4 -13.6 65.3 141.7 57.7 -12.5 74.3 182.8 60.9 3

 4 FA344090005 Federal government retirement funds (3) 107.3 112.1 111.0 102.9 104.7 110.6 126.0 110.6 103.1 4

 5 FA224190005 State and local govt. retirement funds 199.5 175.3 205.4 205.0 202.1 173.9 240.4 217.5 219.4 5

 6 FA153050005 Net change in assets (Households) (4) 488.3 311.1 435.5 404.9 440.0 385.2 511.8 602.6 426.0 6

 Memo:

 7 FA893131573 Individual Retirement Accounts (IRAs): (5) 279.4 192.0 224.6 218.8 322.1 172.7 184.9 231.7 ND 7

 8 FA763131573 U.S.-chartered depository institutions -0.4 0.1 18.0 -34.4 35.4 57.1 13.8 32.5 ND 8

 9 FA473131573 Credit unions -0.7 -1.6 -0.2 -0.9 -0.2 0.2 -0.1 1.8 ND 9

 10 FA543131503 Life insurance companies 29.4 13.2 7.3 2.7 15.1 -15.4 26.7 18.5 ND 10

 11 FA633131573 Money market mutual funds 13.0 -10.0 -4.0 -28.0 8.0 32.0 -28.0 12.0 ND 11

 12 FA653131573 Mutual funds 154.3 86.0 59.4 120.6 99.7 -37.0 54.5 18.0 ND 12

 13 FA153131575 Other self-directed accounts 83.8 104.3 144.2 158.7 164.1 135.8 118.1 148.9 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 (F.101). Figures for depositories (lines 8 and 9) include Keogh accounts. Variable annuities in IRAs are included in the life insurance sector (line 10)

 and excluded from the money market mutual fund and mutual fund sectors (lines 11 and 12).

F.228 Taxes Payable by Businesses

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA893178005 Net change in taxes payable by all 11.8 18.9 -6.4 73.9 -31.6 -27.9 -39.8 20.4 -2.6 1

 businesses

 2 FA103178000 Nonfinancial corporate business -9.1 -1.4 -1.8 23.3 16.0 -10.5 -36.0 -39.8 -1.6 2

 3 FA113178003 Nonfinancial noncorporate business 3.2 3.7 9.0 15.2 6.1 6.6 8.1 6.1 6.2 3

 4 FA763178003 U.S.-chartered depository institutions 0.1 15.2 -4.4 19.1 -27.6 8.6 -17.7 41.4 17.7 4

 5 FA513178003 Property-casualty insurance companies 19.1 1.9 -8.2 1.4 -18.9 -23.4 8.1 5.3 -16.5 5

 6 FA543178073 Life insurance companies -2.3 -1.9 -0.7 10.0 -5.6 -8.9 1.8 5.6 -4.3 6

 7 FA613178003 Finance companies 0.1 1.0 0.6 1.7 1.0 0.3 -0.6 -1.6 -1.8 7

 8 FA663178003 Brokers and dealers 0.6 0.3 -0.8 3.3 -2.5 -0.7 -3.4 3.4 -2.3 8

 9 FA893078005 Net change in business taxes receivable 29.0 -0.8 25.2 138.9 10.9 -19.6 -29.4 74.1 95.8 9

 10 FA313078005 Federal government 24.9 -4.5 16.2 123.6 4.8 -26.6 -37.0 68.3 89.1 10

 11 FA213078005 State and local governments 4.1 3.7 9.0 15.3 6.1 6.9 7.6 5.9 6.7 11

 12 FA903078005 Discrepancy -17.2 19.7 -31.6 -65.1 -42.5 -8.3 -10.4 -53.7 -98.4 12

F.229 Proprietors’ Equity in Noncorporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA152090205 Total household investment 181.6 28.0 51.5 43.9 39.2 82.3 40.5 89.5 116.4 1

 2 FA112090205 Nonfinancial noncorporate business 186.8 25.9 49.2 45.1 41.2 58.1 52.2 97.4 119.6 2

 3 FA662090205 Brokers and dealers -5.2 2.0 2.3 -1.2 -2.0 24.2 -11.7 -7.9 -3.2 3
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F.230 Direct Investment

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 U.S. direct investment abroad:

 1 FA263192005 Liab.: Rest of the world (1) 323.8 312.3 322.5 370.5 343.8 178.8 396.9 307.7 391.9 1

 2 FA263192101 Equity 336.5 340.9 316.3 325.2 327.6 318.0 294.5 310.6 414.5 2

 3 FA263192113 Equity (other than reinvested earnings) 19.6 6.5 12.0 9.4 16.3 24.0 -1.7 29.8 108.5 3

 4 FA263192125 Reinvested earnings 316.9 334.5 304.4 315.9 311.3 294.1 296.2 280.8 305.9 4

 5 FA263192193 Of which: Current-cost adjustment 20.3 20.0 19.3 19.5 19.3 19.2 19.2 19.3 19.3 5

 6 FA263192305 Intercompany debt (2) -12.8 -28.7 6.1 45.2 16.2 -139.2 102.4 -2.9 -22.5 6

 7 FA263192313 U.S. parents’ claims 15.0 -13.9 22.9 38.0 75.3 -102.1 80.2 27.8 5.1 7

 8 FA263092313 Less: U.S. parents’ liabilities 27.8 14.8 16.7 -7.2 59.1 37.2 -22.2 30.7 27.6 8

 9 FA103092005 Asset: Nonfinancial corporate business 298.7 293.1 296.7 332.3 299.4 171.2 384.0 270.6 280.1 9

 10 FA263192193 Of which: Current-cost adjustment 20.3 20.0 19.3 19.5 19.3 19.2 19.2 19.3 19.3 10

 11 FA763092000 U.S.-chartered depository institutions 0.4 3.2 0.8 -4.1 0.2 -6.6 13.7 -3.1 -6.5 11

 12 FA513092003 Property-casualty insurance companies 11.9 1.0 4.9 3.1 12.1 1.8 2.6 1.8 3.9 12

 13 FA543092073 Life insurance companies 2.9 1.4 -0.4 7.7 -0.3 -5.3 -3.9 2.8 4.5 13

 14 FA613092003 Finance companies -1.4 7.5 9.2 25.5 13.1 8.2 -9.9 16.4 97.4 14

 15 FA663092003 Brokers and dealers 11.3 6.0 11.2 6.0 19.2 9.4 10.3 19.2 12.4 15

 Foreign direct investment in U.S.:

 16 FA103192005 Liab.: Nonfinancial corporate business 176.0 152.2 320.1 763.8 288.1 162.7 65.8 179.0 578.8 16

 17 FA263092193 Of which: Current-cost adjustment 4.7 4.6 4.9 4.8 4.9 4.9 4.9 4.9 4.9 17

 18 FA115114005 Nonfinancial noncorporate business 0.4 2.5 1.8 3.2 1.7 0.7 1.8 1.4 1.6 18

 19 FA753192003 Foreign banking offices in U.S. 8.8 1.5 1.1 -12.4 13.8 2.0 0.9 7.3 6.3 19

 20 FA513192003 Property-casualty insurance companies 12.8 0.8 11.4 -1.4 0.7 13.0 33.1 108.2 0.0 20

 21 FA543192073 Life insurance companies -0.9 5.8 7.8 32.4 1.1 -0.8 -1.5 35.3 1.1 21

 22 FA613192003 Finance companies 0.4 8.1 -5.8 6.7 -5.1 -31.4 6.7 2.9 4.1 22

 23 FA663192003 Brokers and dealers 8.0 4.7 16.3 7.5 15.8 29.0 12.8 68.6 13.6 23

 24 FA503192003 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 24

 25 FA263092001 Asset: Rest of the world (1) 206.1 176.2 353.3 800.4 316.7 175.9 120.1 403.4 606.0 25

 26 FA263092101 Equity 200.6 112.0 301.1 641.3 237.5 162.1 163.5 358.5 464.6 26

 27 FA263092113 Equity (other than reinvested earnings) 124.1 14.6 218.4 563.1 136.1 69.7 104.5 281.4 372.6 27

 28 FA263092125 Reinvested earnings 76.5 97.4 82.8 78.2 101.4 92.3 59.1 77.1 92.1 28

 29 FA263092193 Of which: Current-cost adjustment 4.7 4.6 4.9 4.8 4.9 4.9 4.9 4.9 4.9 29

 30 FA263092303 Intercompany debt 5.5 64.2 52.2 159.1 79.3 13.8 -43.5 44.8 141.4 30

 31 FA263092323 U.S. affiliates’ liabilities 48.6 80.6 61.6 142.1 135.5 3.1 -34.2 -24.0 146.1 31

 32 FA263192323 Less: U.S. affiliates’ claims 43.1 16.4 9.4 -17.0 56.2 -10.7 9.2 -68.8 4.7 32

 Memo:

 Direct investment, asset/liability presentation:

 33 FA263192035 Net U.S. acquisition of direct investment assets 394.6 343.4 348.6 346.3 459.1 205.3 383.9 269.6 424.3 33

 34 FA263192101 Equity (line 2) 336.5 340.9 316.3 325.2 327.6 318.0 294.5 310.6 414.5 34

 35 FA263192345 Intercompany debt 58.1 2.5 32.3 21.1 131.5 -112.7 89.4 -40.9 9.8 35

 36 FA263192313 U.S. parents’ claims (line 7) 15.0 -13.9 22.9 38.0 75.3 -102.1 80.2 27.8 5.1 36

 37 FA263192323 U.S. affiliates’ claims (line 32) 43.1 16.4 9.4 -17.0 56.2 -10.7 9.2 -68.8 4.7 37

 38 FA263092035 Net U.S. incurrence of direct investment liabilities 277.0 207.4 379.4 776.3 432.0 202.4 107.1 365.3 638.3 38

 39 FA263092101 Equity (line 26) 200.6 112.0 301.1 641.3 237.5 162.1 163.5 358.5 464.6 39

 40 FA263092345 Intercompany debt 76.4 95.4 78.3 134.9 194.5 40.3 -56.4 6.8 173.7 40

 41 FA263092313 U.S. parents’ liabilities (line 8) 27.8 14.8 16.7 -7.2 59.1 37.2 -22.2 30.7 27.6 41

 42 FA263092323 U.S. affiliates’ liabilities (line 31) 48.6 80.6 61.6 142.1 135.5 3.1 -34.2 -24.0 146.1 42

(1) Direct investment is valued on a current-cost basis and presented on a directional basis.

(2) Through 1992:Q4, U.S. direct investment abroad excludes net inflows from corporate bonds issued by Netherlands Antillean financial subsidiaries.
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F.231 Total Miscellaneous Financial Claims

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893190005 Net change in liabilities 909.6 1550.8 978.2 983.1 1339.9 1610.8 -21.0 1716.3 1327.8 1

 2 FA543077073 Household sector 3.0 1.2 1.5 4.6 3.2 -1.6 -0.2 5.1 3.3 2

 3 FA103190005 Nonfinancial corporate business 614.1 941.6 692.7 18.4 393.8 1068.1 1290.4 575.9 368.0 3

 4 FA113193003 Nonfinancial noncorporate business 41.8 38.9 5.3 62.3 -0.4 -16.6 -24.2 -30.4 -30.6 4

 5 FA313190005 Federal government 3.8 35.5 29.6 375.0 579.5 477.9 -1313.8 10.0 69.0 5

 6 FA223073045 State and local governments 244.9 261.1 256.0 239.4 219.3 298.0 267.3 218.1 235.7 6

 7 FA713190005 Monetary authority 9.8 3.5 0.6 -67.4 64.0 -203.3 209.1 -77.6 60.8 7

 8 FA763190005 U.S.-chartered depository institutions 120.1 318.5 59.4 116.4 220.7 14.0 -113.3 264.5 439.0 8

 9 FA753190005 Foreign banking offices in U.S. -33.2 -11.7 -9.1 11.3 -45.8 26.2 -28.3 164.0 5.9 9

 10 FA743193005 Banks in U.S.-affiliated areas -3.0 -1.6 -2.3 -3.4 3.2 -7.0 -2.0 1.6 -0.2 10

 11 FA473193005 Credit unions 1.5 1.2 0.5 7.4 -2.8 -11.2 8.8 25.6 -21.6 11

 12 FA513190005 Property-casualty insurance companies -0.3 14.8 14.8 -11.2 33.5 41.2 -4.4 25.5 18.6 12

 13 FA543190005 Life insurance companies -12.8 28.7 -12.0 111.8 -115.4 58.7 -103.1 148.8 173.1 13

 14 FA403190005 Government-sponsored enterprises -9.4 -3.6 -4.6 -4.2 -20.3 4.2 1.9 -5.9 2.3 14

 15 FA613190005 Finance companies -26.3 -7.3 -16.7 -27.2 3.3 -31.3 -11.4 -116.5 -34.4 15

 16 FA643193005 REITs -22.1 6.9 -1.9 -4.1 6.3 41.5 -51.4 18.5 30.0 16

 17 FA663190005 Brokers and dealers 41.3 -19.9 1.9 198.9 58.1 -11.2 -238.1 85.5 47.8 17

 18 FA733193005 Holding companies 57.1 -31.4 -130.2 -218.5 1.2 -265.9 -37.7 3.3 -113.7 18

 19 FA503190005 Funding corporations -97.4 -14.3 82.2 132.9 -24.0 71.7 148.3 396.6 -2.8 19

 20 FA263190005 Rest of the world -23.3 -11.0 10.5 40.8 -37.5 57.4 -18.8 3.9 77.5 20

 21 FA893090005 Net change in assets 1278.9 1302.1 1185.9 2076.9 1249.4 1712.6 -295.1 2461.8 1097.7 21

 22 FA153090005 Household sector 48.6 7.8 33.9 25.0 20.5 61.9 28.4 59.4 54.0 22

 23 FA103090005 Nonfinancial corporate business 264.2 375.3 674.3 811.3 680.7 668.8 536.5 807.8 365.1 23

 24 FA113090005 Nonfinancial noncorporate business 228.6 137.2 180.6 161.1 193.1 158.6 209.8 153.2 204.5 24

 25 FA213093003 State and local governments 3.4 7.5 11.2 12.7 5.9 25.0 1.2 2.7 5.3 25

 26 FA313090005 Federal government 4.1 12.5 14.4 19.7 17.4 11.0 9.6 14.3 11.1 26

 27 FA713090005 Monetary authority 32.3 -0.5 -20.2 -32.4 -14.8 -20.2 -13.4 -18.1 -5.3 27

 28 FA763090005 U.S.-chartered depository institutions -4.8 -6.6 13.5 170.2 14.0 -70.2 -60.1 211.0 64.3 28

 29 FA753093005 Foreign banking offices in U.S. 13.1 14.4 -13.0 17.8 -23.7 -35.6 -10.5 22.9 25.8 29

 30 FA743093005 Banks in U.S.-affiliated areas 8.6 12.8 1.5 -8.2 22.4 -3.4 -4.6 21.8 -13.1 30

 31 FA473090005 Credit unions -1.2 5.4 6.1 -9.7 6.5 11.7 15.9 -15.5 42.8 31

 32 FA513092403 Property-casualty insurance companies 0.1 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 0.2 32

 33 FA543090005 Life insurance companies 28.0 72.8 -4.4 62.9 -63.0 41.3 -58.6 125.6 74.8 33

 34 FA573090005 Private pension funds 125.9 100.3 103.6 171.3 80.9 69.8 92.2 82.1 87.0 34

 35 FA343073005 Federal government retirement funds -9.7 22.1 18.7 390.4 571.4 475.3 -1362.3 16.1 49.0 35

 36 FA223090005 State and local govt. retirement funds 258.7 268.6 262.0 261.3 237.4 273.3 276.0 185.7 249.3 36

 37 FA633093005 Money market mutual funds 2.6 -14.6 -7.0 -100.6 -9.6 29.4 52.8 -94.0 13.7 37

 38 FA653093005 Mutual funds -23.8 102.7 -49.3 -109.1 -291.2 115.4 87.8 38.0 40.6 38

 39 FA563093003 Exchange-traded funds -29.9 -1.4 2.1 18.2 -9.2 -2.4 1.8 39.3 28.5 39

 40 FA403093005 Government-sponsored enterprises 13.1 -11.0 -6.5 40.2 6.2 -48.4 -24.0 31.9 31.6 40

 41 FA673090543 ABS issuers -8.4 9.2 1.6 6.2 -5.9 -12.2 18.2 -3.9 8.0 41

 42 FA613090005 Finance companies -16.9 9.5 -20.6 -20.5 -86.7 -92.1 117.1 -63.3 -94.1 42

 43 FA643090005 REITs 8.8 13.4 11.2 26.4 17.6 13.4 -12.6 23.1 29.8 43

 44 FA663090005 Brokers and dealers 145.6 50.5 -59.6 223.1 -274.2 84.4 -271.9 377.8 -250.1 44

 45 FA733090005 Holding companies 175.0 111.2 -7.1 -134.5 158.8 -96.4 43.9 244.4 65.0 45

 46 FA503094505 Funding corporations 13.0 2.8 38.7 74.1 -5.1 53.9 32.0 199.4 9.9 46

 47 FA903090005 Discrepancy -369.3 248.7 -207.7 -1093.8 90.5 -101.7 274.1 -745.5 230.2 47
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F.232 Identified Miscellaneous Financial Claims - Part I

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 Federal government equity in IBRD, etc.:

 1 FA313092803 Liab.: Rest of the world 2.2 2.3 2.2 8.7 0.0 0.2 0.0 0.0 0.0 1

 2 FA313092803 Asset: Federal government 2.2 2.3 2.2 8.7 0.0 0.2 0.0 0.0 0.0 2

 Federal Reserve Bank stock:

 3 FA713164003 Liab.: Monetary authority 0.1 1.1 0.9 1.0 1.2 0.6 0.7 2.5 0.1 3

 4 FA713164003 Asset: U.S.-chartered depository institutions 0.1 1.1 0.9 1.0 1.2 0.6 0.7 2.5 0.1 4

 Equity in govt.-sponsored enterprises:

 5 FA403192405 Liab.: Government-sponsored enterprises 0.5 1.2 1.3 -4.3 4.2 -2.4 7.6 -5.9 10.5 5

 6 FA103092405 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.1 0.1 0.3 -0.1 0.0 0.1 0.4 0.1 6

 7 FA113092405 Nonfinancial noncorporate (FCS) 0.6 0.7 0.5 0.4 0.5 0.6 0.6 0.3 1.5 7

 8 FA313092403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA763092405 U.S.-chartered depository institutions (FHLB) -0.6 -0.6 -1.4 -6.1 0.9 -6.0 5.8 -6.3 9.6 9

 10 FA473092403 Credit unions (FHLB) -0.6 0.6 0.4 0.3 0.8 0.5 0.1 0.6 -1.0 10

 11 FA513092403 Property-casualty insurance companies (FHLB) 0.1 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 0.2 11

 12 FA543092473 Life insurance companies (FHLB) 0.8 0.1 0.5 0.5 1.4 0.1 -0.2 0.3 0.3 12

 13 FA613092403 Finance companies 0.0 -0.0 0.1 0.0 0.0 0.2 0.2 -0.0 -0.0 13

 14 FA643092473 Real estate investment trusts (FHLB) 0.0 0.3 1.1 0.3 0.7 2.2 1.0 -1.0 -0.4 14

 Holding company net transactions with subsidiaries:

 15 FA763194735 Liab.: U.S.-chartered depository institutions 59.2 195.9 36.5 -81.7 109.7 73.8 44.3 147.7 288.1 15

 16 FA513194733 Property-casualty insurance companies -6.0 0.1 -0.8 -5.5 2.8 0.8 -1.1 -2.1 1.5 16

 17 FA543194733 Life insurance companies -1.6 0.8 0.5 1.1 0.2 0.9 -0.2 3.5 3.0 17

 18 FA613194733 Finance companies -15.8 -13.1 -2.6 -4.7 -10.0 -1.0 5.5 -14.3 0.4 18

 19 FA663194735 Brokers and dealers 56.2 4.8 76.5 -67.1 216.1 15.4 141.4 88.7 -102.9 19

 20 FA263194735 Rest of the world -16.9 -14.6 8.8 34.9 -36.8 57.0 -20.1 7.3 66.1 20

 21 FA733094703 Asset: Holding companies 75.2 173.9 119.0 -123.0 282.1 147.0 169.8 230.9 256.2 21

 NFC investment in finance company subsidiaries:

 22 FA103094105 Liab.: Finance companies 14.7 14.1 -4.1 -7.6 -16.1 -1.6 8.8 -23.0 0.6 22

 23 FA103094105 Asset: Nonfinancial corporate business 14.7 14.1 -4.1 -7.6 -16.1 -1.6 8.8 -23.0 0.6 23

 Funding corporations’ investment in subsidiaries:

 24 FA753194503 Liab.: Foreign banking offices in U.S. -2.5 -20.3 2.2 -27.9 51.6 -3.1 -11.9 86.9 -48.8 24

 25 FA663194505 Brokers and dealers 15.5 23.1 36.6 102.0 -56.7 57.0 43.9 112.5 58.8 25

 26 FA503094505 Asset: Funding corporations 13.0 2.8 38.7 74.1 -5.1 53.9 32.0 199.4 9.9 26

 Equity investment under Public-Private Inv. Program:

 27 FA503194305 Liab.: Funding corporations -3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FA153094305 Asset: Households (2) -1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FA313094303 Federal government -1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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F.233 Identified Miscellaneous Financial Claims - Part II

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 Nonofficial foreign currencies:

 1 FA263191103 Liab.: Rest of the world -8.6 1.3 -0.5 -2.9 -0.7 0.2 1.3 -3.4 11.4 1

 2 FA313091105 Asset: Federal government -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA713091103 Monetary authority (1) -8.6 1.3 -0.5 -2.9 -0.7 0.2 1.3 -3.4 11.4 3

 Postal Savings System deposits:

 4 FA313131003 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA313131003 Asset: Household sector 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 FA403197033 Liab.: Government-sponsored enterprises -3.2 -1.5 -0.5 4.4 -3.7 -3.9 1.1 -1.0 1.5 6

 7 FA403197033 Asset: U.S.-chartered depository institutions -3.2 -1.5 -0.5 4.4 -3.7 -3.9 1.1 -1.0 1.5 7

 Funding agreements backing securities (2):

 8 FA673090543 Liab.: Life insurance companies -8.4 9.2 1.6 6.2 -5.9 -12.2 18.2 -3.9 8.0 8

 9 FA673090543 Asset: ABS issuers -8.4 9.2 1.6 6.2 -5.9 -12.2 18.2 -3.9 8.0 9

 Deferred and unpaid life insurance premiums:

 10 FA543077073 Liab.: Household sector 3.0 1.2 1.5 4.6 3.2 -1.6 -0.2 5.1 3.3 10

 11 FA543077073 Asset: Life insurance companies 3.0 1.2 1.5 4.6 3.2 -1.6 -0.2 5.1 3.3 11

 Life insurance company reserves:

 12 FA543195005 Liab.: Life insurance companies 0.4 5.8 3.1 9.2 -4.5 13.7 -5.8 29.6 29.2 12

 13 FA543195105 Accident and health 0.2 5.5 7.8 7.8 3.5 14.7 5.2 23.4 25.7 13

 14 FA543195205 Policy dividend accumulation 0.2 0.2 -5.3 -5.6 -5.3 -5.2 -5.0 2.0 3.4 14

 15 FA543195373 Contract claims -0.0 0.1 0.6 6.9 -2.7 4.2 -6.0 4.1 0.1 15

 16 FA543195005 Asset: Household sector 0.4 5.8 3.1 9.2 -4.5 13.7 -5.8 29.6 29.2 16

 Policy payables:

 17 FA513176003 Liab.: Property-casualty insurance companies 5.7 14.7 15.5 -5.6 30.7 40.4 -3.3 27.6 17.1 17

 18 FA153076005 Asset: Household sector 37.8 -8.4 23.4 13.2 30.2 36.1 14.1 18.0 11.8 18

 19 FA103076005 Nonfinancial corporate business -6.0 10.4 2.4 -5.5 8.7 11.9 -5.7 9.8 5.8 19

 20 FA113076005 Nonfinancial noncorporate business -26.1 12.8 -10.2 -13.2 -8.3 -7.6 -11.8 -0.3 -0.5 20

 Unallocated insurance company contracts:

 21 FA593095005 Liab.: Life insurance companies -8.5 -14.5 -1.9 23.3 -9.2 -37.6 15.9 -1.0 10.1 21

 22 FA573095005 Asset: Private pension funds -7.8 -8.1 -3.6 16.5 -11.6 -22.4 3.0 0.0 2.9 22

 23 FA223095505 State and local government retirement funds -0.7 -6.4 1.7 6.8 2.4 -15.2 12.9 -1.0 7.2 23

 Pension fund contributions payable:

 24 FA573074005 Liab.: Nonfinancial corporate business -2.5 -2.9 -4.3 -5.6 -3.9 -4.4 -3.5 -7.6 -7.2 24

 25 FA573074005 Asset: Private pension funds -2.5 -2.9 -4.3 -5.6 -3.9 -4.4 -3.5 -7.6 -7.2 25

 Securities borrowed (net):

 26 FA663097005 Liab.: Funding corporations 94.0 47.1 -13.8 139.1 -209.3 177.7 -162.6 315.3 -266.4 26

 27 FA663097005 Asset: Brokers and dealers 94.0 47.1 -13.8 139.1 -209.3 177.7 -162.6 315.3 -266.4 27

 Retiree health care funds (3):

 28 FA313195105 Liab.: Federal government 12.2 10.4 7.4 2.6 -5.3 12.1 20.0 11.8 12.9 28

 29 FA313195105 Asset: Household sector 12.2 10.4 7.4 2.6 -5.3 12.1 20.0 11.8 12.9 29

 Claims of pension fund on sponsor:

 30 FA573073005 Liab.: Nonfinancial corporate business 108.6 85.4 66.9 69.4 70.0 68.9 59.2 57.5 57.1 30

 31 FA343073005 Federal government -9.7 22.1 18.7 390.4 571.4 475.3 -1362.3 16.1 49.0 31

 32 FA223073045 State and local governments 244.9 261.1 256.0 239.4 219.3 298.0 267.3 218.1 235.7 32

 33 FA573073005 Asset: Private pension funds 108.6 85.4 66.9 69.4 70.0 68.9 59.2 57.5 57.1 33

 34 FA343073005 Federal government retirement funds -9.7 22.1 18.7 390.4 571.4 475.3 -1362.3 16.1 49.0 34

 35 FA223073045 State and local govt. retirement funds 244.9 261.1 256.0 239.4 219.3 298.0 267.3 218.1 235.7 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 F.133 and F.230.

(3) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
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F.234 Unidentified Miscellaneous Financial Claims

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA893193005 Net change in liabilities 379.5 916.0 470.6 159.8 421.4 386.5 914.7 648.3 888.7 1

 2 FA103193005 Nonfinancial corporate business 508.0 859.1 630.1 -45.5 327.6 1003.5 1234.7 525.9 318.0 2

 3 FA113193003 Nonfinancial noncorporate business 41.8 38.9 5.3 62.3 -0.4 -16.6 -24.2 -30.4 -30.6 3

 4 FA313193005 Federal government 1.3 3.0 3.5 -18.1 13.3 -9.5 28.4 -17.9 7.1 4

 5 FA713193005 Monetary authority 9.7 2.4 -0.3 -68.4 62.8 -203.9 208.4 -80.2 60.7 5

 6 FA763193005 U.S.-chartered depository institutions 60.9 122.5 22.9 198.1 111.0 -59.8 -157.6 116.8 150.9 6

 7 FA753193005 Foreign banking offices in U.S. -30.7 8.6 -11.3 39.2 -97.4 29.3 -16.4 77.1 54.7 7

 8 FA743193005 Banks in U.S.-affiliated areas -3.0 -1.6 -2.3 -3.4 3.2 -7.0 -2.0 1.6 -0.2 8

 9 FA473193005 Credit unions 1.5 1.2 0.5 7.4 -2.8 -11.2 8.8 25.6 -21.6 9

 10 FA543193005 Life insurance companies 5.3 27.3 -15.4 71.9 -95.9 93.8 -131.3 120.6 122.8 10

 11 FA403193005 Government-sponsored enterprises -6.7 -3.4 -5.3 -4.3 -20.8 10.6 -6.8 0.9 -9.7 11

 12 FA613193005 Finance companies -25.2 -8.2 -10.0 -14.9 29.5 -28.7 -25.7 -79.1 -35.4 12

 13 FA643193005 REITs -22.1 6.9 -1.9 -4.1 6.3 41.5 -51.4 18.5 30.0 13

 14 FA663193005 Brokers and dealers -30.4 -47.8 -111.1 164.1 -101.4 -83.7 -423.4 -115.7 92.0 14

 15 FA733193005 Holding companies 57.1 -31.4 -130.2 -218.5 1.2 -265.9 -37.7 3.3 -113.7 15

 16 FA503193005 Funding corporations -187.9 -61.4 96.0 -6.1 185.2 -106.0 310.9 81.3 263.6 16

 17 FA893093005 Net change in assets 748.8 667.3 678.3 1253.5 330.8 488.3 640.6 1393.8 658.5 17

 18 FA103093005 Nonfinancial corporate business 255.4 350.7 676.0 824.2 688.3 658.4 533.2 820.7 358.6 18

 19 FA113093005 Nonfinancial noncorporate business 254.1 123.7 190.3 173.9 200.9 165.6 221.0 153.2 203.5 19

 20 FA313093003 Federal government 3.7 10.2 12.2 10.9 17.4 10.8 9.6 14.3 11.1 20

 21 FA213093003 State and local governments 3.4 7.5 11.2 12.7 5.9 25.0 1.2 2.7 5.3 21

 22 FA713093005 Monetary authority 40.9 -1.8 -19.7 -29.5 -14.1 -20.4 -14.7 -14.7 -16.7 22

 23 FA763093005 U.S.-chartered depository institutions -1.1 -5.5 14.5 170.9 15.6 -60.8 -67.7 215.9 53.0 23

 24 FA753093005 Foreign banking offices in U.S. 13.1 14.4 -13.0 17.8 -23.7 -35.6 -10.5 22.9 25.8 24

 25 FA743093005 Banks in U.S.-affiliated areas 8.6 12.8 1.5 -8.2 22.4 -3.4 -4.6 21.8 -13.1 25

 26 FA473093005 Credit unions -0.7 4.9 5.7 -9.9 5.6 11.2 15.8 -16.0 43.8 26

 27 FA543093005 Life insurance companies 24.2 71.5 -6.3 57.8 -67.6 42.8 -58.2 120.2 71.1 27

 28 FA573093005 Private pension funds 27.6 25.9 44.6 91.0 26.3 27.7 33.5 32.2 34.1 28

 29 FA223093005 State and local govt. retirement funds 14.6 13.9 4.3 15.1 15.6 -9.4 -4.2 -31.4 6.4 29

 30 FA633093005 Money market mutual funds 2.6 -14.6 -7.0 -100.6 -9.6 29.4 52.8 -94.0 13.7 30

 31 FA653093005 Mutual funds -23.8 102.7 -49.3 -109.1 -291.2 115.4 87.8 38.0 40.6 31

 32 FA563093003 Exchange-traded funds -29.9 -1.4 2.1 18.2 -9.2 -2.4 1.8 39.3 28.5 32

 33 FA403093005 Government-sponsored enterprises 13.1 -11.0 -6.5 40.2 6.2 -48.4 -24.0 31.9 31.6 33

 34 FA613093005 Finance companies -16.9 9.5 -20.7 -20.5 -86.8 -92.3 116.9 -63.2 -94.0 34

 35 FA643093005 REITs 8.7 13.1 10.1 26.1 16.9 11.2 -13.7 24.1 30.2 35

 36 FA663093005 Brokers and dealers 51.6 3.4 -45.8 84.0 -64.9 -93.2 -109.2 62.6 16.4 36

 37 FA733093005 Holding companies 99.9 -62.7 -126.0 -11.4 -123.3 -243.4 -125.9 13.5 -191.1 37

 38 FA903090005 Discrepancy -369.3 248.7 -207.7 -1093.8 90.5 -101.7 274.1 -745.5 230.2 38
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F.7 Sector Discrepancies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FA897005005 All sectors -405.3 331.4 -78.5 -295.7 -328.2 109.7 200.1 -154.3 -250.1 1

 2 FA157005005 Household sector -428.6 -330.8 -360.3 -674.2 315.1 -690.6 -391.4 -547.7 -219.2 2

 3 FA107005005 Nonfinancial corporate business 245.3 745.9 85.7 129.4 -150.3 139.2 224.6 126.4 -188.9 3

 4 FA317005005 Federal government -36.5 -59.8 -63.3 -147.4 -98.5 136.0 -143.3 -105.4 -88.5 4

 5 FA217005005 State and local governments 36.3 -16.6 8.6 -35.3 68.2 -73.9 75.2 -11.9 -79.2 5

 6 FA797005005 Domestic financial sectors -219.1 -44.0 -147.8 -330.2 -154.0 -98.4 -8.6 -104.5 -9.9 6

 7 FA717005005 Monetary authority -1.6 3.9 7.2 10.1 6.3 7.4 4.9 5.6 8.4 7

 8 FA767005005 U.S.-chartered depository institutions -20.5 51.3 -141.1 -112.9 -241.4 -189.3 -20.9 -12.5 129.5 8

 9 FA757005005 Foreign banking officed in U.S. -47.9 1.2 14.7 -78.8 33.4 62.6 41.7 -146.6 -145.8 9

 10 FA747005005 Banks in U.S.-affiliated areas -0.3 -0.2 0.1 3.3 1.8 -3.8 -0.9 3.2 0.4 10

 11 FA477005005 Credit unions 14.2 -2.0 1.8 -5.7 4.7 0.6 7.9 -12.0 2.5 11

 12 FA517005005 Property-casualty insurance companies 26.0 3.5 15.5 3.1 6.1 -3.2 56.0 89.1 -5.3 12

 13 FA547005005 Life insurance companies -29.7 -36.4 -7.8 -40.3 43.1 11.3 -45.3 11.9 13.1 13

 14 FA657005005 Mutual funds -57.7 -73.6 -68.3 -69.4 -68.2 -68.0 -67.6 -39.1 -59.4 14

 15 FA407005005 Government-sponsored enterprises -3.7 23.6 -10.9 -116.1 2.9 25.5 43.9 -91.2 42.3 15

 16 FA677005005 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FA617005005 Finance companies -72.7 -24.7 12.3 42.2 2.2 24.9 -20.1 -1.7 54.3 17

 18 FA647005005 REITs 39.4 26.7 30.3 25.0 61.0 41.1 -6.2 15.3 -3.9 18

 19 FA667005005 Brokers and dealers -30.1 -20.7 -5.7 -16.4 -21.4 46.2 -31.2 72.6 -13.7 19

 20 FA737005005 Holding companies -34.6 3.3 4.2 25.7 15.5 -53.7 29.3 1.0 -32.3 20

 21 FA267005005 Rest of the world -2.7 36.6 398.6 761.9 -308.7 697.5 443.5 488.8 335.6 21

F.8 Instrument Discrepancies

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 FA907005005 All types -405.3 331.4 -78.5 -295.7 -328.2 109.7 200.1 -154.3 -250.1 1

 2 FA903012005 Treasury currency -1.1 -1.1 -1.3 -1.5 -1.3 -1.3 -1.0 -0.6 -0.9 2

 3 FA903091005 Foreign deposits -3.8 -92.9 -192.7 48.8 -342.0 -178.8 -298.8 165.5 -196.2 3

 4 FA904010005 Net interbank transactions 56.8 -47.1 -9.4 323.4 -304.4 69.0 -125.6 312.3 -336.1 4

 5 FA902050005 Security repurchase agreements -72.9 -110.7 116.1 233.4 -58.4 137.1 152.1 -65.9 -71.9 5

 6 FA903020005 Mail floats -0.7 0.9 -0.3 -24.9 39.4 -12.7 -2.8 -27.0 39.0 6

 7 FA903023005 Federal government 0.4 1.1 -0.0 -25.0 40.0 -11.7 -3.4 -25.8 39.2 7

 8 FA903028003 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA903029200 Private domestic -1.2 -0.3 -0.2 0.1 -0.6 -1.0 0.5 -1.2 -0.2 9

 10 FA903070005 Trade credit -129.9 61.0 -0.3 -11.8 82.7 -24.6 -47.5 1.6 -34.9 10

 11 FA903078005 Taxes payable -17.2 19.7 -31.6 -65.1 -42.5 -8.3 -10.4 -53.7 -98.4 11

 12 FA903090005 Miscellaneous -369.3 248.7 -207.7 -1093.8 90.5 -101.7 274.1 -745.5 230.2 12

 13 FA906000105 Nonfinancial 132.8 252.8 248.6 295.7 207.7 231.0 259.8 259.3 219.1 13

 Nonfinancial components (sign reversed):

 14 FA087005005 Statistical discrepancy (NIPA) -137.9 -258.0 -253.7 -300.9 -212.9 -236.1 -264.8 -264.3 -224.2 14

 15 FA156600075 Contr. for govt. soc. insur., U.S. affiliated areas 5.2 5.1 5.1 5.2 5.2 5.1 5.0 5.0 5.1 15
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L.100 Domestic Nonfinancial Sectors (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL384090005 Total financial assets 90843.4 96182.1 99601.1 97805.6 98644.4 97238.0 99601.1 100339.6 101561.5 1

 2 FL313011005 U.S. official reserve assets 109.8 98.0 86.9 88.7 89.5 89.2 86.9 88.0 88.1 2

 3 FL383091005 Foreign deposits 129.6 114.4 79.6 96.2 96.9 85.1 79.6 70.0 78.5 3

 4 FL383020005 Checkable deposits and currency 2220.6 2508.2 2785.7 2409.7 2630.9 2516.0 2785.7 2814.7 2898.7 4

 5 FL383030005 Time and savings deposits 8719.0 9226.9 9740.0 9445.9 9404.2 9596.1 9740.0 9860.4 9942.1 5

 6 FL383034005 Money market fund shares 1939.9 1922.2 1912.2 1817.3 1804.5 1828.5 1912.2 1881.9 1840.9 6

 7 FL382051005 Security repurchase agreements 135.1 153.8 168.1 157.4 159.9 164.3 168.1 165.7 165.9 7

 8 FL384022005 Debt securities 5943.3 5761.7 6099.2 5713.6 5843.9 6009.5 6099.2 6014.8 5813.0 8

 9 FL383069105 Open market paper 141.3 137.5 133.1 137.8 135.3 136.4 133.1 131.8 136.8 9

 10 FL383061105 Treasury securities 1826.8 1578.2 1908.9 1615.8 1702.2 1788.9 1908.9 1884.8 1891.9 10

 11 FL383061705 Agency- and GSE-backed securities 741.3 783.0 973.4 764.6 802.2 882.0 973.4 936.0 887.0 11

 12 FL383062005 Municipal securities 1865.0 1747.2 1690.3 1750.5 1768.1 1740.2 1690.3 1692.0 1677.9 12

 13 FL383063005 Corporate and foreign bonds 1369.0 1515.7 1393.5 1444.8 1436.1 1462.1 1393.5 1370.2 1219.5 13

 14 FL384023005 Loans 2324.4 2505.3 2575.9 2553.3 2544.7 2580.3 2575.9 2657.8 2674.0 14

 15 FL383069005 Other loans and advances 1034.7 1088.6 1040.9 1091.1 1064.8 1061.1 1040.9 1084.0 1087.7 15

 16 FL383065005 Mortgages 458.9 478.5 497.6 485.0 487.7 492.1 497.6 499.5 501.9 16

 17 FL383066005 Consumer credit 830.8 938.2 1037.4 977.3 992.2 1027.1 1037.4 1074.2 1084.4 17

 18 LM383064105 Corporate equities 13047.2 14572.2 14369.6 15111.5 15044.8 13696.2 14369.6 14408.6 14739.6 18

 19 LM383064205 Mutual fund shares 6539.8 7045.6 6841.6 7149.7 7142.0 6687.3 6841.6 6854.8 7005.4 19

 20 FL383070005 Trade receivables 3428.8 3535.2 3586.3 3598.3 3657.4 3653.9 3586.3 3634.5 3744.8 20

 21 FL153040005 Life insurance reserves 1233.0 1282.8 1310.6 1300.0 1303.8 1298.3 1310.6 1324.3 1337.7 21

 22 FL153050005 Pension entitlements 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 22

 23 FL383078005 Taxes payable 287.3 302.9 332.0 309.5 311.2 323.6 332.0 336.9 346.9 23

 24 FL152090205 Equity in noncorporate business 9326.3 9980.7 10747.6 10244.9 10396.1 10564.9 10747.6 10813.7 10978.7 24

 25 FL103092005 U.S. direct investment abroad 4389.5 4615.6 4807.2 4651.9 4714.2 4724.6 4807.2 4899.4 5013.0 25

 26 FL383090005 Miscellaneous assets 11209.0 11898.1 12911.2 12118.4 12330.5 12541.9 12911.2 13059.0 13161.0 26

 27 FL384190005 Total liabilities 56661.2 59240.4 61903.5 59723.7 60306.9 61093.4 61903.5 62583.1 63083.9 27

 28 FL313111303 U.S. official reserve assets 54.4 51.2 48.9 48.7 49.7 49.6 48.9 49.8 49.4 28

 29 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 29

 30 FL313112003 Treasury currency 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 30

 31 FL384122005 Debt securities 21796.4 22797.7 23932.9 22962.5 23034.2 23149.5 23932.9 24330.9 24442.2 31

 32 FL103169100 Open market paper 144.5 182.0 176.5 188.2 177.5 201.2 176.5 185.5 186.9 32

 33 FL313161105 Treasury securities 13680.6 14416.7 15141.1 14434.9 14353.4 14376.7 15141.1 15377.3 15385.2 33

 34 FL313161705 Agency- and GSE-backed securities 24.5 24.4 24.6 24.1 24.7 24.1 24.6 24.4 24.6 34

 35 FL383162005 Municipal securities 3803.5 3761.5 3777.0 3789.4 3799.4 3787.1 3777.0 3797.6 3826.1 35

 36 FL103163003 Corporate and foreign bonds 4143.3 4413.1 4813.7 4525.9 4679.3 4760.4 4813.7 4946.1 5019.5 36

 37 FL384123005 Loans 19767.6 20526.7 21271.5 20612.2 20865.5 20993.9 21271.5 21424.8 21655.3 37

 38 FL383168005 Depository institution loans n.e.c. 1867.0 2144.9 2436.4 2207.7 2271.7 2310.7 2436.4 2511.9 2568.4 38

 39 FL383169005 Other loans and advances 1746.5 1852.4 1750.8 1854.3 1862.6 1763.3 1750.8 1759.5 1737.7 39

 40 FL383165005 Mortgages 13058.0 13211.4 13548.5 13227.4 13333.3 13438.5 13548.5 13614.0 13743.9 40

 41 FL153166000 Consumer credit 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 41

 42 FL383170005 Trade payables 3754.3 3939.3 4006.3 3958.1 4015.6 4015.6 4006.3 4013.5 4096.9 42

 43 FL313140003 Life insurance reserves 50.5 51.3 51.1 50.7 51.0 50.8 51.1 51.1 51.2 43

 44 FL143178005 Taxes payable 155.4 157.8 164.9 176.2 175.6 178.1 164.9 165.0 160.1 44

 45 FL143192005 Foreign direct investment in U.S. 2587.3 2750.8 2976.5 2853.9 2914.4 2957.4 2976.5 2988.6 3041.4 45

 46 FL383190005 Miscellaneous liabilities 8464.6 8935.2 9420.8 9031.0 9170.3 9668.0 9420.8 9528.9 9556.8 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL154090005 Total financial assets 65473.4 69409.8 71217.1 70787.5 71099.1 69453.2 71217.1 71615.4 72330.4 1

 2 FL153091003 Foreign deposits 52.1 45.7 31.6 45.0 39.8 36.1 31.6 32.4 30.4 2

 3 FL153020005 Checkable deposits and currency 1021.5 1155.5 1300.2 1219.2 1222.0 1157.8 1300.2 1341.1 1342.8 3

 4 FL153030005 Time and savings deposits 7389.9 7884.6 8345.8 8061.9 8054.2 8218.8 8345.8 8444.0 8498.0 4

 5 FL153034005 Money market fund shares 1139.2 1111.8 1066.1 1014.9 999.0 1005.7 1066.1 1035.9 989.1 5

 6 FL154022005 Debt securities 4470.3 4257.1 4568.6 4193.3 4345.2 4494.8 4568.6 4472.6 4242.2 6

 7 FL163069103 Open market paper 15.0 14.9 15.1 15.2 15.7 15.9 15.1 16.3 16.3 7

 8 FL153061105 Treasury securities 1146.1 856.0 1144.8 882.7 980.6 1054.3 1144.8 1097.7 1091.4 8

 9 FL153061705 Agency- and GSE-backed securities 279.1 330.9 545.6 314.0 358.4 438.1 545.6 515.1 459.0 9

 10 FL153062005 Municipal securities 1826.2 1709.3 1648.8 1709.2 1727.6 1700.6 1648.8 1653.4 1638.1 10

 11 FL153063005 Corporate and foreign bonds 1203.9 1346.0 1214.4 1272.1 1262.9 1285.9 1214.4 1190.0 1037.4 11

 12 FL154023005 Loans 970.7 1024.0 970.3 1025.7 997.5 995.1 970.3 1008.6 1007.6 12

 13 FL153069005 Other loans and advances (2) 841.4 893.2 842.6 895.7 867.9 866.3 842.6 884.4 886.7 13

 14 FL153065005 Mortgages 77.5 83.2 83.5 83.2 83.6 83.3 83.5 81.4 79.5 14

 15 FL163066223 Consumer credit (student loans) 51.8 47.6 44.2 46.8 46.1 45.5 44.2 42.8 41.4 15

 16 LM153064105 Corporate equities (3) 12849.7 14364.9 14158.2 14901.5 14834.8 13491.7 14158.2 14196.3 14524.3 16

 17 LM153064205 Mutual fund shares 6250.3 6726.7 6519.4 6822.8 6814.1 6376.1 6519.4 6529.8 6672.9 17

 18 FL153040005 Life insurance reserves 1233.0 1282.8 1310.6 1300.0 1303.8 1298.3 1310.6 1324.3 1337.7 18

 19 FL153050005 Pension entitlements (4) 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 19

 20 FL593073005 Claims of pension fund on sponsor 3442.6 3593.6 4150.9 3785.7 4041.1 4608.6 4150.9 4295.3 4382.6 20

 21 FL153050025 Funded pension entitlements 16418.3 17065.1 17096.7 17253.8 17128.8 16269.7 17096.7 17159.9 17350.4 21

 22 FL152090205 Equity in noncorporate business 9326.3 9980.7 10747.6 10244.9 10396.1 10564.9 10747.6 10813.7 10978.7 22

 23 FL153090005 Miscellaneous assets 909.6 917.4 951.3 918.9 922.7 935.6 951.3 961.5 973.8 23

 24 FL154190005 Total liabilities 13792.6 14167.0 14509.5 14152.4 14293.4 14372.8 14509.5 14524.3 14687.6 24

 25 FL163162003 Debt securities (municipal securities) 235.6 228.8 220.8 228.4 224.7 222.1 220.8 220.9 220.8 25

 26 FL154123005 Loans 13274.1 13651.0 13998.8 13635.2 13778.7 13860.9 13998.8 14012.1 14174.7 26

 27 FL153165105 Home mortgages (5) 9403.9 9397.1 9479.6 9368.8 9409.3 9456.7 9479.6 9497.4 9553.2 27

 28 FL153166000 Consumer credit 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 28

 29 FL153168005 Depository institution loans n.e.c. (6) 90.8 211.9 325.7 232.5 246.3 268.7 325.7 339.3 366.5 29

 30 FL153169005 Other loans and advances 480.5 513.7 437.2 499.0 510.1 436.5 437.2 413.5 424.5 30

 31 FL163165505 Commercial mortgages 202.7 210.3 220.7 212.2 215.1 217.7 220.7 222.6 225.3 31

 32 FL163170003 Trade payables 255.0 258.1 259.4 258.5 258.9 259.2 259.4 259.4 259.4 32

 33 FL543077073 Deferred and unpaid life insurance premiums 27.9 29.1 30.6 30.2 31.0 30.6 30.6 31.8 32.7 33

(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 17), life insurance reserves (line 18) and pension entitlements (line 19).

(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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL144090005 Total financial assets 20791.5 21908.3 23173.3 22192.1 22557.8 22781.0 23173.3 23466.9 23851.2 1

 2 FL103091003 Foreign deposits 77.5 68.7 48.0 51.3 57.1 49.0 48.0 37.6 48.2 2

 3 FL143020005 Checkable deposits and currency 910.8 984.5 1014.9 954.9 1016.1 1024.3 1014.9 1022.3 1056.4 3

 4 FL143030005 Time and savings deposits 1014.9 1019.0 1057.3 1050.7 1024.5 1048.8 1057.3 1074.7 1105.7 4

 5 FL143034005 Money market fund shares 641.9 644.8 668.7 633.2 635.3 649.0 668.7 667.6 671.6 5

 6 FL102051003 Security repurchase agreements 8.7 21.6 26.0 22.2 23.8 25.3 26.0 22.8 21.6 6

 7 FL144022005 Debt securities 181.3 193.5 191.4 188.6 184.3 181.2 191.4 200.7 197.0 7

 8 FL103069100 Commercial paper 52.9 56.4 54.7 57.4 56.6 54.8 54.7 54.8 59.2 8

 9 FL143061105 Treasury securities 94.0 99.1 97.7 92.5 90.8 91.0 97.7 107.1 100.5 9

 10 FL103061703 Agency- and GSE-backed securities 8.9 13.8 11.8 11.3 10.3 10.0 11.8 14.6 12.0 10

 11 FL143062005 Municipal securities 25.5 24.3 27.2 27.4 26.5 25.4 27.2 24.2 25.2 11

 12 FL144023005 Loans 105.4 112.8 119.7 113.4 116.9 119.1 119.7 119.8 121.9 12

 13 FL143065005 Mortgages 61.9 68.4 76.1 70.2 72.1 74.0 76.1 78.0 79.9 13

 14 FL143066005 Consumer credit 43.4 44.4 43.6 43.2 44.8 45.0 43.6 41.7 41.9 14

 15 LM103064203 Mutual fund shares 211.0 234.5 235.7 241.1 242.1 228.3 235.7 238.1 244.1 15

 16 FL143070005 Trade receivables 3202.6 3304.1 3341.5 3364.9 3421.2 3419.6 3341.5 3387.9 3490.1 16

 17 FL103092005 U.S. direct investment abroad 4389.5 4615.6 4807.2 4651.9 4714.2 4724.6 4807.2 4899.4 5013.0 17

 18 FL143090005 Miscellaneous assets 10047.9 10709.1 11662.8 10919.9 11122.3 11311.8 11662.8 11796.1 11881.7 18

 19 FL144190005 Total liabilities 21465.7 22837.1 24021.4 23119.6 23416.2 23688.7 24021.4 24310.8 24530.2 19

 20 FL104122005 Debt securities 4815.6 5122.8 5531.4 5247.4 5399.4 5504.6 5531.4 5676.5 5761.8 20

 21 FL103169100 Commercial paper 144.5 182.0 176.5 188.2 177.5 201.2 176.5 185.5 186.9 21

 22 FL103162000 Municipal securities 527.8 527.8 541.2 533.3 542.6 543.0 541.2 544.9 555.4 22

 23 FL103163003 Corporate bonds 4143.3 4413.1 4813.7 4525.9 4679.3 4760.4 4813.7 4946.1 5019.5 23

 24 FL144123005 Loans 6477.2 6859.1 7255.8 6960.2 7070.0 7116.3 7255.8 7395.7 7463.5 24

 25 FL143168005 Depository institution loans n.e.c. 1776.1 1933.0 2110.7 1975.2 2025.4 2042.1 2110.7 2172.7 2202.0 25

 26 FL143169005 Other loans and advances 1249.7 1322.1 1296.8 1338.6 1335.8 1310.1 1296.8 1329.0 1296.1 26

 27 FL143165005 Mortgages 3451.3 3604.0 3848.2 3646.4 3708.9 3764.1 3848.2 3894.1 3965.4 27

 28 FL143170005 Trade payables 2465.9 2609.5 2622.3 2615.8 2652.2 2636.2 2622.3 2611.2 2676.1 28

 29 FL143178005 Taxes payable 155.4 157.8 164.9 176.2 175.6 178.1 164.9 165.0 160.1 29

 30 FL143192005 Foreign direct investment in U.S. 2587.3 2750.8 2976.5 2853.9 2914.4 2957.4 2976.5 2988.6 3041.4 30

 31 FL143190005 Miscellaneous liabilities 4964.3 5336.9 5470.4 5266.1 5204.5 5296.1 5470.4 5473.8 5427.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL104090005 Total financial assets 16260.7 17140.9 18046.7 17343.9 17628.4 17763.8 18046.7 18255.2 18545.8 1

 2 FL103091003 Foreign deposits 77.5 68.7 48.0 51.3 57.1 49.0 48.0 37.6 48.2 2

 3 FL103020005 Checkable deposits and currency 283.3 322.4 309.1 284.4 335.4 332.5 309.1 305.0 327.6 3

 4 FL103030003 Time and savings deposits 631.1 609.5 578.9 622.4 588.8 592.7 578.9 576.4 592.4 4

 5 FL103034003 Money market fund shares 559.1 558.2 576.8 545.3 546.2 558.8 576.8 574.6 577.0 5

 6 FL102051003 Security repurchase agreements 8.7 21.6 26.0 22.2 23.8 25.3 26.0 22.8 21.6 6

 7 FL104022005 Debt securities 121.8 131.1 124.2 125.3 119.9 115.5 124.2 132.3 127.5 7

 8 FL103069100 Commercial paper 52.9 56.4 54.7 57.4 56.6 54.8 54.7 54.8 59.2 8

 9 FL103061103 Treasury securities 38.8 41.3 35.4 33.9 31.0 30.1 35.4 43.7 36.1 9

 10 FL103061703 Agency- and GSE-backed securities 8.9 13.8 11.8 11.3 10.3 10.0 11.8 14.6 12.0 10

 11 FL103062003 Municipal securities 21.2 19.7 22.2 22.7 21.8 20.6 22.2 19.2 20.2 11

 12 FL104023005 Loans 70.5 76.3 80.4 76.3 79.2 80.6 80.4 79.7 81.2 12

 13 FL103065003 Mortgages 27.1 31.9 36.8 33.2 34.4 35.6 36.8 38.0 39.2 13

 14 FL103066005 Consumer credit 43.4 44.4 43.6 43.2 44.8 45.0 43.6 41.7 41.9 14

 15 LM103064203 Mutual fund shares 211.0 234.5 235.7 241.1 242.1 228.3 235.7 238.1 244.1 15

 16 FL103070005 Trade receivables 2554.8 2625.6 2610.1 2676.0 2719.7 2704.7 2610.1 2643.9 2733.6 16

 17 FL103092005 U.S. direct investment abroad (1) 4389.5 4615.6 4807.2 4651.9 4714.2 4724.6 4807.2 4899.4 5013.0 17

 18 FL103090005 Miscellaneous assets 7353.3 7877.3 8650.3 8047.8 8202.0 8351.8 8650.3 8745.3 8779.9 18

 19 FL103076005 Insurance receivables 333.0 343.3 345.7 341.9 344.1 347.1 345.7 348.1 349.6 19

 20 FL103092405 Equity in GSEs 0.6 0.7 0.8 0.8 0.8 0.8 0.8 0.9 1.0 20

 21 FL103094105 Investment in finance company subs. 86.4 100.5 96.4 98.6 94.5 94.2 96.4 90.6 90.8 21

 22 FL103093005 Other 6933.3 7432.8 8207.5 7606.4 7762.5 7909.8 8207.5 8305.7 8338.6 22

 23 FL104190005 Total liabilities 15397.0 16483.7 17275.1 16675.9 16879.9 17058.2 17275.1 17487.4 17629.1 23

 24 FL104122005 Debt securities 4815.6 5122.8 5531.4 5247.4 5399.4 5504.6 5531.4 5676.5 5761.8 24

 25 FL103169100 Commercial paper 144.5 182.0 176.5 188.2 177.5 201.2 176.5 185.5 186.9 25

 26 FL103162000 Municipal securities (2) 527.8 527.8 541.2 533.3 542.6 543.0 541.2 544.9 555.4 26

 27 FL103163003 Corporate bonds (1) 4143.3 4413.1 4813.7 4525.9 4679.3 4760.4 4813.7 4946.1 5019.5 27

 28 FL104123005 Loans 2315.1 2493.1 2558.6 2537.3 2566.1 2526.3 2558.6 2627.3 2620.7 28

 29 FL103168005 Depository institution loans n.e.c. 775.8 868.7 947.5 888.8 910.5 917.5 947.5 975.7 993.3 29

 30 FL103169005 Other loans and advances (3) 1063.1 1126.2 1095.1 1144.5 1140.2 1112.4 1095.1 1128.7 1093.1 30

 31 FL103165005 Mortgages 476.2 498.2 516.1 504.0 515.4 496.3 516.1 522.8 534.2 31

 32 FL103170005 Trade payables 1938.3 2047.1 2013.9 2040.1 2066.7 2040.3 2013.9 1991.2 2047.1 32

 33 FL103178000 Taxes payable 44.9 43.5 41.7 58.1 56.1 56.8 41.7 40.2 33.8 33

 34 FL103192005 Foreign direct investment in U.S. 2580.2 2740.6 2964.8 2842.9 2903.0 2945.8 2964.8 2976.5 3028.9 34

 35 FL103190005 Miscellaneous liabilities 3702.8 4036.5 4164.6 3950.1 3888.6 3984.4 4164.6 4175.7 4136.9 35

 36 FL573074005 Pension fund contributions payable 79.0 76.1 71.8 74.7 73.7 72.7 71.8 69.9 68.1 36

 37 FL573073005 Claims of pension fund on sponsor 219.4 283.5 496.9 305.9 358.4 519.6 496.9 536.1 551.6 37

 38 FL103193005 Other 3404.4 3677.0 3595.9 3569.5 3456.5 3392.1 3595.9 3569.8 3517.2 38

 Memo:

 39 LM103164103 Market value of equities 20560.6 22679.7 21681.4 23067.0 22699.8 20654.6 21681.4 21781.3 22152.0 39

 40 FL104001005 Total liquid assets (4) 1892.6 1946.1 1898.7 1892.0 1913.4 1902.1 1898.7 1886.7 1938.3 40

 41 FL104150005 Total short-term liabilities (5) 3966.7 4267.4 4274.7 4319.8 4351.0 4328.3 4274.7 4321.3 4354.1 41

 42 FL104001006 Liquid assets/short-term liabilities (percent) 47.71 45.60 44.42 43.80 43.98 43.94 44.42 43.66 44.52 42

 43 FL104140006 Short-term debt/total debt (percent) (6) 27.82 28.58 27.43 28.54 27.97 27.78 27.43 27.58 27.12 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL114090005 Total financial assets 4530.8 4767.3 5126.6 4848.2 4929.4 5017.2 5126.6 5211.7 5305.4 1

 2 FL113020005 Checkable deposits and currency 627.5 662.2 705.8 670.5 680.7 691.8 705.8 717.3 728.8 2

 3 FL113030003 Time and savings deposits 383.8 409.5 478.4 428.3 435.7 456.1 478.4 498.3 513.3 3

 4 FL113034003 Money market fund shares 82.7 86.6 91.9 88.0 89.1 90.3 91.9 93.0 94.6 4

 5 FL114022005 Debt securities 59.5 62.3 67.2 63.3 64.5 65.7 67.2 68.4 69.5 5

 6 FL113061003 Treasury securities 55.2 57.8 62.3 58.7 59.7 60.9 62.3 63.4 64.4 6

 7 FL113062003 Municipal securities 4.4 4.6 4.9 4.6 4.7 4.8 4.9 5.0 5.1 7

 8 FL114023005 Loans 34.8 36.5 39.3 37.1 37.7 38.5 39.3 40.0 40.7 8

 9 FL113065005 Mortgages 34.8 36.5 39.3 37.1 37.7 38.5 39.3 40.0 40.7 9

 10 FL113066003 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FL113070003 Trade receivables 647.8 678.4 731.4 689.0 701.5 714.9 731.4 744.0 756.6 11

 12 FL113090005 Miscellaneous assets 2694.6 2831.8 3012.4 2872.1 2920.3 2960.0 3012.4 3050.7 3101.9 12

 13 FL113076005 Insurance receivables 116.4 129.1 118.9 125.8 123.7 121.8 118.9 118.8 118.7 13

 14 FL113092405 Equity investment in GSEs (1) 7.7 8.5 9.0 8.6 8.7 8.8 9.0 9.1 9.5 14

 15 FL113093005 Other 2570.5 2694.2 2884.6 2737.7 2787.9 2829.3 2884.6 2922.8 2973.7 15

 16 FL114190005 Total liabilities 6068.7 6353.4 6746.3 6443.7 6536.3 6630.5 6746.3 6823.3 6901.1 16

 17 FL114123005 Loans 4162.1 4366.1 4697.2 4422.9 4503.9 4590.0 4697.2 4768.4 4842.8 17

 18 FL113168005 Depository institution loans n.e.c. 1000.3 1064.3 1163.3 1086.4 1114.9 1124.6 1163.3 1196.9 1208.6 18

 19 FL113169005 Other loans and advances 186.6 196.0 201.7 194.1 195.6 197.7 201.7 200.2 203.0 19

 20 FL113165005 Mortgages 2975.1 3105.8 3332.2 3142.5 3193.4 3267.8 3332.2 3371.2 3431.2 20

 21 FL113170005 Trade payables 527.5 562.4 608.4 575.7 585.4 595.9 608.4 620.0 629.0 21

 22 FL113178003 Taxes payable 110.5 114.3 123.2 118.1 119.6 121.2 123.2 124.8 126.3 22

 23 FL115114005 Foreign direct investment in U.S. 7.1 10.2 11.8 11.0 11.4 11.6 11.8 12.1 12.5 23

 24 FL113193003 Miscellaneous liabilities 1261.5 1300.4 1305.7 1316.0 1315.9 1311.8 1305.7 1298.1 1290.5 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL364090005 Total financial assets 4578.5 4864.0 5210.7 4826.0 4987.4 5003.7 5210.7 5257.4 5379.9 1

 2 FL313011005 U.S. official reserve assets 109.8 98.0 86.9 88.7 89.5 89.2 86.9 88.0 88.1 2

 3 FL363020005 Checkable deposits and currency 288.3 368.1 470.6 235.5 392.8 333.8 470.6 451.2 499.4 3

 4 FL363030005 Time and savings deposits 314.2 323.3 336.9 333.4 325.5 328.4 336.9 341.7 338.5 4

 5 FL213034003 Money market fund shares 158.9 165.6 177.4 169.2 170.2 173.8 177.4 178.3 180.2 5

 6 FL212051003 Security repurchase agreements 126.4 132.2 142.1 135.2 136.1 139.1 142.1 142.8 144.3 6

 7 FL364022005 Debt securities 1291.7 1311.1 1339.2 1331.7 1314.4 1333.5 1339.2 1341.6 1373.9 7

 8 FL213069103 Open market paper 73.4 66.3 63.3 65.2 63.0 65.7 63.3 60.6 61.3 8

 9 FL213061105 Treasury securities 586.7 623.1 666.4 640.6 630.8 643.6 666.4 680.1 700.0 9

 10 FL363061705 Agency- and GSE-backed securities 453.2 438.4 416.0 439.3 433.5 433.9 416.0 406.3 415.9 10

 11 FL213062003 Municipal securities 13.3 13.6 14.4 13.9 13.9 14.2 14.4 14.5 14.6 11

 12 FL363063005 Corporate and foreign bonds 165.1 169.7 179.2 172.8 173.2 176.2 179.2 180.2 182.1 12

 13 FL364023005 Loans 1248.3 1368.5 1485.9 1414.2 1430.3 1466.1 1485.9 1529.5 1544.6 13

 14 FL363065005 Mortgages 319.5 326.9 338.0 331.5 332.0 334.7 338.0 340.1 342.5 14

 15 FL313066220 Consumer credit 735.5 846.2 949.7 887.3 901.4 936.5 949.7 989.7 1001.1 15

 16 FL313069005 Other loans and advances 193.4 195.4 198.2 195.4 196.9 194.8 198.2 199.7 201.0 16

 17 LM363064105 Corporate equities 197.5 207.3 211.4 209.9 210.0 204.5 211.4 212.3 215.3 17

 18 LM213064203 Mutual fund shares 78.5 84.4 86.5 85.8 85.8 82.9 86.5 87.0 88.5 18

 19 FL363070005 Trade receivables 226.2 231.1 244.7 233.3 236.2 234.3 244.7 246.7 254.7 19

 20 FL363078005 Taxes receivable 287.3 302.9 332.0 309.5 311.2 323.6 332.0 336.9 346.9 20

 21 FL363090005 Miscellaneous assets 251.5 271.6 297.2 279.7 285.5 294.5 297.2 301.4 305.5 21

 22 FL364190005 Total liabilities 21403.0 22236.3 23372.6 22451.7 22597.3 23031.9 23372.6 23748.0 23866.2 22

 23 FL313111303 SDR allocations 54.4 51.2 48.9 48.7 49.7 49.6 48.9 49.8 49.4 23

 24 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 24

 25 FL313112003 Treasury currency 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25

 26 FL364122005 Debt securities 16745.3 17446.0 18180.7 17486.6 17410.1 17422.8 18180.7 18433.5 18459.6 26

 27 FL314122005 Treasury securities 13705.1 14441.1 15165.6 14459.0 14378.1 14400.8 15165.6 15401.8 15409.7 27

 28 FL213162005 Municipal securities 3040.2 3004.9 3015.1 3027.6 3032.1 3022.0 3015.1 3031.7 3049.9 28

 29 FL364123005 Loans 16.2 16.6 16.9 16.7 16.7 16.7 16.9 17.1 17.1 29

 30 FL313165403 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 FL213169203 Other loans and advances 16.2 16.6 16.9 16.7 16.7 16.7 16.9 17.1 17.1 31

 32 FL363170005 Trade payables 1033.4 1071.6 1124.6 1083.8 1104.5 1120.2 1124.6 1142.9 1161.4 32

 33 FL313140003 Insurance reserves 50.5 51.3 51.1 50.7 51.0 50.8 51.1 51.1 51.2 33

 34 FL363190005 Miscellaneous liabilities 3472.4 3569.2 3919.8 3734.7 3934.7 4341.3 3919.8 4023.2 4096.8 34

 Memo:

 35 FL374090005 Total financial assets (consolidated) (2) 3975.6 4224.3 4527.4 4168.7 4339.9 4343.4 4527.4 4560.2 4662.7 35

 36 FL374190005 Total liabilities (consolidated) (2) 20800.0 21596.6 22689.4 21794.5 21949.8 22371.6 22689.4 23050.9 23149.0 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL314090005 Total financial assets 1717.5 1892.0 2140.5 1813.1 1992.0 1973.9 2140.5 2173.8 2246.3 1

 2 FL313011005 U.S. official reserve assets 109.8 98.0 86.9 88.7 89.5 89.2 86.9 88.0 88.1 2

 3 FL313020005 Checkable deposits and currency 163.0 226.8 338.1 104.8 258.5 202.6 338.1 317.6 366.9 3

 4 FL313030003 Time and savings deposits 1.5 1.7 1.8 1.6 1.9 2.1 1.8 1.8 1.9 4

 5 FL314022005 Debt securities 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 5

 6 FL313061703 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FL313063763 Corporate and foreign bonds 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 7

 8 FL314023005 Loans 1044.3 1158.8 1264.4 1200.7 1216.2 1248.3 1264.4 1306.8 1319.5 8

 9 FL313069005 Other loans and advances 193.4 195.4 198.2 195.4 196.9 194.8 198.2 199.7 201.0 9

 10 FL313065005 Mortgages 115.5 117.2 116.5 118.1 117.9 116.9 116.5 117.4 117.4 10

 11 FL313066220 Consumer credit (1) 735.5 846.2 949.7 887.3 901.4 936.5 949.7 989.7 1001.1 11

 12 LM313064105 Corporate equities (2) 35.1 33.4 33.4 33.3 33.5 33.4 33.4 33.4 33.4 12

 13 FL313070000 Trade receivables 53.6 48.4 61.2 50.2 50.5 49.8 61.2 63.9 67.4 13

 14 FL313078005 Taxes receivable 163.4 165.6 181.3 169.6 173.5 177.4 181.3 185.3 189.2 14

 15 FL313090005 Miscellaneous assets 146.1 158.6 173.0 163.5 167.9 170.6 173.0 176.6 179.4 15

 16 FL314190005 Total liabilities 16125.5 16888.4 17645.7 17033.2 17115.1 17262.3 17645.7 17927.3 17968.6 16

 17 FL313111303 SDR allocations 54.4 51.2 48.9 48.7 49.7 49.6 48.9 49.8 49.4 17

 18 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 18

 19 FL313112003 Treasury currency 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 19

 20 FL314122005 Debt securities 13705.1 14441.1 15165.6 14459.0 14378.1 14400.8 15165.6 15401.8 15409.7 20

 21 FL313161105 Treasury securities (3) 13680.6 14416.7 15141.1 14434.9 14353.4 14376.7 15141.1 15377.3 15385.2 21

 22 FL313161205 Marketable 11834.2 12480.9 13169.0 12606.7 12670.7 12812.8 13169.0 13407.1 13391.6 22

 23 FL313161305 Nonmarketable 1846.5 1935.8 1972.1 1828.2 1682.7 1563.9 1972.1 1970.2 1993.5 23

 24 FL313161705 Budget agency securities 24.5 24.4 24.6 24.1 24.7 24.1 24.6 24.4 24.6 24

 25 FL313165403 Loans (multifamily residential mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FL313170005 Trade payables 249.8 249.1 261.9 251.5 262.1 267.6 261.9 270.1 278.4 26

 27 FL313140003 Insurance reserves 50.5 51.3 51.1 50.7 51.0 50.8 51.1 51.1 51.2 27

 28 FL313190005 Miscellaneous liabilities 2034.9 2065.3 2087.5 2192.8 2343.7 2462.9 2087.5 2124.2 2149.3 28

 29 FL343073005 Claims of pension fund on sponsor 1785.7 1806.2 1821.7 1937.9 2091.7 2210.6 1821.7 1860.2 1883.5 29

 30 FL313190015 Other 249.2 259.1 265.9 254.9 252.1 252.4 265.9 264.0 265.9 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL214090005 Total financial assets 2861.0 2972.0 3070.1 3013.0 2995.4 3029.9 3070.1 3083.6 3133.6 1

 2 FL213020005 Checkable deposits and currency 125.3 141.3 132.5 130.6 134.3 131.2 132.5 133.7 132.5 2

 3 FL213030005 Time and savings deposits 312.6 321.5 335.1 331.8 323.7 326.4 335.1 339.9 336.6 3

 4 FL213034003 Money market fund shares 158.9 165.6 177.4 169.2 170.2 173.8 177.4 178.3 180.2 4

 5 FL212051003 Security repurchase agreements 126.4 132.2 142.1 135.2 136.1 139.1 142.1 142.8 144.3 5

 6 FL214022005 Debt securities 1291.1 1310.6 1338.7 1331.2 1313.9 1333.1 1338.7 1341.1 1373.4 6

 7 FL213069103 Open market paper 73.4 66.3 63.3 65.2 63.0 65.7 63.3 60.6 61.3 7

 8 FL213061105 Treasury securities 586.7 623.1 666.4 640.6 630.8 643.6 666.4 680.1 700.0 8

 9 FL213061703 Agency- and GSE-backed securities 453.2 438.4 416.0 439.3 433.5 433.9 416.0 406.3 415.9 9

 10 FL213062003 Municipal securities 13.3 13.6 14.4 13.9 13.9 14.2 14.4 14.5 14.6 10

 11 FL213063003 Corporate and foreign bonds 164.6 169.2 178.7 172.2 172.7 175.7 178.7 179.7 181.6 11

 12 FL213065005 Loans (mortgages) 204.0 209.7 221.5 213.5 214.0 217.8 221.5 222.7 225.0 12

 13 LM213064103 Corporate equities 162.4 173.8 178.0 176.6 176.5 171.0 178.0 178.9 181.9 13

 14 LM213064203 Mutual fund shares 78.5 84.4 86.5 85.8 85.8 82.9 86.5 87.0 88.5 14

 15 FL213070003 Trade receivables 172.6 182.7 183.6 183.1 185.7 184.5 183.6 182.8 187.3 15

 16 FL213078005 Taxes receivable 123.8 137.2 150.6 139.9 137.7 146.2 150.6 151.6 157.7 16

 17 FL213093003 Miscellaneous assets 105.4 112.9 124.1 116.1 117.6 123.9 124.1 124.8 126.1 17

 18 FL214190005 Total liabilities 5277.5 5347.9 5726.9 5418.5 5482.2 5769.7 5726.9 5820.7 5897.6 18

 19 FL213162005 Debt securities (municipal securities) 3040.2 3004.9 3015.1 3027.6 3032.1 3022.0 3015.1 3031.7 3049.9 19

 20 FL213162400 Short-term (2) 45.3 38.9 32.8 38.1 31.1 31.5 32.8 32.4 27.0 20

 21 FL213162200 Long-term 2994.8 2966.0 2982.3 2989.5 3001.0 2990.5 2982.3 2999.4 3022.9 21

 22 FL213169203 Loans (U.S. government loans) 16.2 16.6 16.9 16.7 16.7 16.7 16.9 17.1 17.1 22

 23 FL213170003 Trade payables 783.6 822.5 862.7 832.3 842.4 852.6 862.7 872.8 883.0 23

 24 FL223073045 Claims of pension fund on sponsor (3) 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL794090005 Total financial assets 82062.8 85699.4 86210.8 86710.1 86863.8 85680.5 86210.8 87113.1 88172.0 1

 2 FL713011005 U.S. official reserve assets 34.6 32.0 30.5 30.4 30.7 30.9 30.5 31.6 32.0 2

 3 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 FL713012003 Treasury currency 45.5 46.3 47.6 46.7 47.0 47.3 47.6 47.7 47.9 4

 5 FL633091003 Foreign deposits 34.3 24.5 11.1 20.5 22.5 12.6 11.1 17.6 12.9 5

 6 FL794010005 Net interbank assets 2321.8 2453.3 2051.5 2504.4 2310.5 2265.5 2051.5 2194.1 2110.5 6

 7 FL793020005 Checkable deposits and currency 369.6 352.4 337.7 339.4 321.8 347.5 337.7 338.1 373.4 7

 8 FL793030005 Time and savings deposits 708.8 722.7 638.8 731.2 732.8 691.7 638.8 699.2 598.6 8

 9 FL793034005 Money market fund shares 669.7 689.2 728.1 717.5 702.0 728.2 728.1 762.3 749.3 9

 10 FL792050005 Federal funds and security repos 2469.9 2481.4 2544.2 2462.1 2488.8 2600.5 2544.2 2389.3 2528.5 10

 11 FL794022005 Debt securities 21839.9 22798.0 23303.1 22837.8 22704.8 22709.5 23303.1 23639.0 23959.1 11

 12 FL793069175 Open market paper 709.0 684.9 704.3 696.5 730.4 754.1 704.3 787.8 769.8 12

 13 FL793061105 Treasury securities 6061.2 6682.4 7084.1 6646.4 6488.1 6481.5 7084.1 7205.5 7212.2 13

 14 FL793061705 Agency- and GSE-backed securities 6173.2 6265.7 6282.1 6249.9 6222.4 6225.9 6282.1 6298.4 6459.9 14

 15 FL793062005 Municipal securities 1862.3 1933.7 1999.2 1956.1 1945.5 1960.5 1999.2 2017.3 2058.5 15

 16 FL793063005 Corporate and foreign bonds 7034.2 7231.3 7233.3 7288.9 7318.4 7287.5 7233.3 7329.9 7458.7 16

 17 FL794023005 Loans 19583.1 20318.4 20995.4 20340.2 20640.1 20717.0 20995.4 21084.6 21383.2 17

 18 FL793068005 Depository institution loans n.e.c. 2590.3 2910.2 3205.8 2988.1 3073.6 3099.6 3205.8 3284.0 3341.2 18

 19 FL793069005 Other loans and advances 1914.0 2064.1 2004.9 2028.7 2076.5 1974.3 2004.9 1986.4 2049.2 19

 20 FL793065005 Mortgages 12813.3 12964.3 13286.4 12977.9 13084.4 13188.8 13286.4 13349.1 13471.9 20

 21 FL793066005 Consumer credit 2265.4 2379.8 2498.3 2345.5 2405.6 2454.3 2498.3 2465.1 2520.8 21

 22 LM793064105 Corporate equities 15210.3 16237.4 15864.4 16585.8 16593.6 15124.4 15864.4 15740.5 15883.7 22

 23 LM793064205 Mutual fund shares 5241.2 5497.3 5473.4 5724.2 5728.9 5323.2 5473.4 5511.4 5605.4 23

 24 FL793070005 Trade receivables 131.0 132.1 140.9 137.6 141.5 142.4 140.9 146.5 149.5 24

 25 FL793040005 Life insurance reserves 183.7 194.6 205.2 197.0 200.1 202.5 205.2 207.6 210.0 25

 26 FL793092005 U.S. direct investment abroad 825.1 842.3 841.4 854.1 866.9 868.6 841.4 852.9 882.5 26

 27 FL793090005 Miscellaneous assets 12389.0 12872.3 12992.3 13176.2 13326.6 13863.5 12992.3 13445.6 13640.3 27

 28 FL794190005 Total liabilities 77667.1 81001.6 81438.1 81900.0 81977.6 80950.3 81438.1 82262.6 83250.4 28

 29 FL794110005 Net interbank liabilities 2812.9 2865.6 2363.6 2911.0 2675.4 2619.4 2363.6 2444.6 2385.6 29

 30 FL793120005 Checkable deposits and currency 3186.5 3537.5 3829.7 3441.3 3642.4 3558.0 3829.7 3879.4 4012.7 30

 31 FL703130005 Time and savings deposits 9872.9 10448.7 10854.9 10683.3 10628.2 10761.8 10854.9 11052.6 11057.6 31

 32 FL634090005 Money market fund shares 2717.8 2724.6 2754.7 2644.7 2615.1 2667.7 2754.7 2758.8 2702.5 32

 33 FL792150005 Federal funds and security repos 2944.5 2953.5 2928.4 2956.4 2912.2 2969.1 2928.4 2763.1 2822.5 33

 34 FL794122005 Debt securities 12924.3 13067.3 13110.8 13014.8 13071.4 13136.1 13110.8 13198.6 13293.2 34

 35 FL793169175 Open market paper 400.2 362.9 320.1 348.5 371.9 342.3 320.1 368.4 359.8 35

 36 FL423161705 Agency- and GSE-backed securities 7773.7 7924.0 8144.4 7880.8 7935.2 8023.0 8144.4 8154.0 8299.5 36

 37 FL793163005 Corporate and foreign bonds 4750.4 4780.5 4646.2 4785.5 4764.3 4770.8 4646.2 4676.2 4633.9 37

 38 FL794123005 Loans 1971.3 2128.4 2131.0 2109.8 2148.3 2139.4 2131.0 2154.2 2225.3 38

 39 FL793168005 Depository institution loans n.e.c. 446.6 460.0 441.4 464.8 475.3 463.8 441.4 443.4 444.2 39

 40 FL793169005 Other loans and advances 1310.4 1437.0 1454.2 1409.5 1434.1 1433.2 1454.2 1476.2 1551.2 40

 41 FL643165005 Mortgages 214.3 231.4 235.4 235.5 238.8 242.4 235.4 234.6 229.9 41

 42 LM653164205 Mutual fund shares 12333.0 13150.6 12897.2 13519.9 13533.6 12605.7 12897.2 12962.1 13208.8 42

 43 FL663170003 Trade payables 14.5 17.9 26.3 19.2 23.6 24.2 26.3 25.3 26.9 43

 44 FL543140005 Life insurance reserves 1366.3 1426.1 1464.6 1446.2 1452.9 1450.0 1464.6 1480.8 1496.5 44

 45 FL153050005 Pension entitlements 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 45

 46 FL793178005 Taxes payable -59.1 -42.6 -56.1 -33.7 -47.1 -53.1 -56.1 -42.6 -44.3 46

 47 FL793192005 Foreign direct investment in U.S. 560.5 595.5 599.9 603.8 610.6 613.7 599.9 655.6 662.0 47

 48 FL793190005 Miscellaneous liabilities 7160.9 7469.7 7285.4 7543.9 7541.1 7580.2 7285.4 7475.0 7668.2 48

 Memo:

 49 LM793164105 Market value of corporate equities 6428.4 7280.7 7246.6 7414.3 7473.7 6953.7 7246.6 7052.5 7256.3 49

 50 FL662090205 Equity in noncorporate business 16.3 17.9 14.7 17.6 16.8 17.5 14.7 12.3 10.9 50

(1) Sum of financial sectors shown on tables L.109 through L.132.
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L.109 Monetary Authority (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL714090005 Total financial assets 4073.8 4555.4 4542.1 4538.9 4536.5 4541.6 4542.1 4538.1 4524.4 1

 2 FL713011005 U.S. official reserve assets 34.6 32.0 30.5 30.4 30.7 30.9 30.5 31.6 32.0 2

 3 FL713014003 SDR certificates 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 FL713012003 Treasury currency 45.5 46.3 47.6 46.7 47.0 47.3 47.6 47.7 47.9 4

 5 FL713022003 Federal Reserve float (2) -1.0 -0.6 -0.0 -0.7 -0.4 -0.1 -0.0 -1.2 -1.3 5

 6 FL713068705 Interbank loans (2) 0.1 0.1 0.1 0.0 0.2 0.3 0.1 0.1 0.2 6

 7 FL713068703 Discount window (3) 0.1 0.1 0.1 0.0 0.2 0.3 0.1 0.1 0.2 7

 8 FL763069143 AMLF (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL712051000 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL714022005 Debt securities 3756.2 4236.9 4242.0 4228.4 4228.9 4238.3 4242.0 4243.7 4231.0 10

 11 FL713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FL713061100 Treasury securities 2208.8 2461.4 2461.6 2459.6 2461.0 2461.9 2461.6 2461.3 2462.3 12

 13 FL713061113 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL713061125 Other Treasury securities 2208.8 2461.4 2461.6 2459.6 2461.0 2461.9 2461.6 2461.3 2462.3 14

 15 FL713061705 Agency- and GSE-backed securities 1547.4 1775.5 1780.4 1768.8 1768.0 1776.3 1780.4 1782.3 1768.6 15

 16 FL713061903 Mortgage-backed securities 1490.2 1736.8 1747.5 1731.9 1732.1 1741.2 1747.5 1753.1 1743.5 16

 17 FL713061703 Other agency- and GSE-backed securities 57.2 38.7 32.9 36.9 35.9 35.1 32.9 29.3 25.1 17

 18 FL713068005 Loans (depository institution loans n.e.c.) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FL713068303 Households (TALF) (5) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FL713068665 Brokers and dealers (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FL713068505 Funding corporations (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FL713068473 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL713064103 Corporate equities (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FL713090005 Miscellaneous assets 233.1 235.5 216.8 228.9 224.9 219.7 216.8 211.0 209.3 24

 25 FL713091103 Nonofficial foreign currencies (9) 0.3 1.5 1.0 0.8 0.6 0.7 1.0 0.1 3.0 25

 26 FL713093005 Other 232.8 233.9 215.8 228.1 224.3 219.1 215.8 210.9 206.3 26

 27 FL714190005 Total liabilities 4046.3 4526.8 4532.1 4510.0 4507.4 4512.3 4532.1 4528.1 4514.4 27

 28 FL713113003 Depository institution reserves 2249.1 2378.0 1977.2 2437.3 2242.5 2197.7 1977.2 2125.4 2038.3 28

 29 FL703025005 Vault cash of depository institutions 73.6 75.7 74.2 67.8 68.3 67.6 74.2 69.8 73.3 29

 30 FL713120005 Checkable deposits and currency 1364.1 1516.4 1720.8 1417.7 1588.3 1557.3 1720.8 1733.8 1810.8 30

 31 FL713123005 Due to federal government 162.6 223.7 333.7 100.3 254.4 198.9 333.7 314.0 363.7 31

 32 FL713123023 Treasury cash holdings 0.2 0.2 0.3 0.2 0.1 0.2 0.3 0.2 0.1 32

 33 FL713123030 Treasury general deposit account 162.4 223.5 333.4 100.1 254.3 198.7 333.4 313.8 363.7 33

 34 FL713123043 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FL713122605 Due to rest of the world 8.0 5.3 5.2 5.2 5.3 6.2 5.2 5.2 5.2 35

 36 FL713124003 Due to government-sponsored enterprises 25.9 20.2 31.1 20.9 28.2 32.1 31.1 41.2 51.3 36

 37 FL713125005 Currency outside banks 1167.6 1267.3 1350.7 1291.3 1300.4 1320.0 1350.7 1373.3 1390.6 37

 38 FL712151003 Security repurchase agreements 315.9 509.8 712.4 536.9 558.2 641.1 712.4 550.5 543.9 38

 39 FL712151103 Reverse repurchase agreement operations (10) 197.8 396.7 474.6 378.5 392.6 449.6 474.6 303.8 278.8 39

 40 FL712151115 Other 118.2 113.1 237.8 158.4 165.6 191.5 237.8 246.7 265.0 40

 41 FL713190005 Miscellaneous liabilities 43.5 47.0 47.6 50.4 50.1 48.7 47.6 48.6 48.1 41

 42 FL713164003 Federal Reserve Bank stock 27.5 28.6 29.5 28.8 29.1 29.3 29.5 30.1 30.1 42

 43 FL713193005 Other 16.0 18.4 18.1 21.6 21.0 19.4 18.1 18.5 18.0 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL704090005 Total financial assets 15920.5 16897.9 17372.7 17140.3 17164.1 17253.4 17372.7 17695.8 17958.3 1

 2 FL703025005 Vault cash 73.6 75.7 74.2 67.8 68.3 67.6 74.2 69.8 73.3 2

 3 FL713113003 Reserves at Federal Reserve 2249.1 2378.0 1977.2 2437.3 2242.5 2197.7 1977.2 2125.4 2038.3 3

 4 FL702050005 Federal funds and security repos 392.6 403.2 428.4 414.9 419.5 410.8 428.4 411.5 419.1 4

 5 FL704022005 Debt securities 3445.3 3662.1 3865.4 3728.8 3752.7 3766.6 3865.4 3903.8 3972.2 5

 6 FL703069175 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FL703061105 Treasury securities 304.4 499.8 536.6 501.4 506.6 500.6 536.6 545.3 561.3 7

 8 FL703061705 Agency- and GSE-backed securities 1943.8 1970.0 2125.2 2025.8 2057.4 2062.5 2125.2 2128.3 2151.9 8

 9 FL703062005 Municipal securities 427.0 458.0 505.4 471.9 483.4 494.7 505.4 514.3 531.0 9

 10 FL703063005 Corporate and foreign bonds 770.2 734.2 698.2 729.7 705.4 708.8 698.2 716.0 728.1 10

 11 FL704023005 Loans 8519.5 9087.2 9755.5 9174.0 9381.3 9516.9 9755.5 9860.7 10081.7 11

 12 FL703068005 Depository institution loans n.e.c. 2590.2 2910.2 3205.8 2988.1 3073.6 3099.6 3205.8 3284.0 3341.2 12

 13 FL703069005 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL703065005 Mortgages 4392.1 4531.1 4779.1 4566.1 4635.3 4700.4 4779.1 4825.9 4936.0 14

 15 FL703066005 Consumer credit 1537.1 1645.9 1770.6 1619.9 1672.3 1717.0 1770.6 1750.8 1804.4 15

 16 LM703064105 Corporate equities 101.3 108.5 100.0 109.0 108.4 94.0 100.0 93.6 97.3 16

 17 LM703064205 Mutual fund shares 60.1 61.8 56.8 61.4 62.0 55.6 56.8 58.2 59.7 17

 18 FL763040005 Life insurance reserves 143.8 149.6 156.2 150.9 153.1 154.5 156.2 157.6 159.0 18

 19 FL763092000 U.S. direct investment abroad 268.6 261.0 253.2 262.2 264.0 262.1 253.2 254.6 254.6 19

 20 FL703090005 Miscellaneous assets 666.6 710.7 705.9 733.9 712.4 727.5 705.9 760.7 803.2 20

 21 FL704190005 Total liabilities 16432.0 17528.8 17967.6 17714.6 17710.7 17798.8 17967.6 18249.6 18529.4 21

 22 FL704110005 Net interbank liabilities 490.2 411.9 312.2 405.9 364.7 354.1 312.2 249.4 274.0 22

 23 FL703127005 Checkable deposits 1822.3 2021.2 2108.9 2023.6 2054.1 2000.8 2108.9 2145.6 2201.8 23

 24 FL703131005 Small time and savings deposits 8110.8 8475.8 8989.5 8762.6 8708.7 8844.7 8989.5 9164.0 9224.3 24

 25 FL703135005 Large time deposits 1762.0 1972.9 1865.4 1920.7 1919.5 1917.0 1865.4 1888.6 1833.3 25

 26 FL702150005 Federal funds and security repos 582.1 607.5 603.4 598.6 601.0 581.3 603.4 601.6 613.3 26

 27 FL704122005 Debt securities 280.7 263.5 254.2 243.6 244.7 247.3 254.2 263.4 257.0 27

 28 FL703169175 Open market paper 59.7 54.5 53.6 49.0 50.1 51.1 53.6 56.6 55.5 28

 29 FL763163005 Corporate bonds 221.0 209.0 200.6 194.6 194.5 196.2 200.6 206.9 201.5 29

 30 FL703169005 Loans (other loans and advances) 437.0 503.6 543.3 470.9 518.0 505.1 543.3 527.4 593.5 30

 31 FL763178003 Taxes payable (net) -47.4 -32.3 -36.7 -27.5 -34.4 -32.2 -36.7 -26.3 -21.9 31

 32 FL753192003 Foreign direct investment in U.S. 214.9 202.8 197.9 199.7 203.2 203.7 197.9 199.8 201.3 32

 33 FL703190005 Miscellaneous liabilities 2779.3 3101.9 3129.4 3116.4 3131.2 3177.1 3129.4 3236.1 3352.8 33

 34 FL763194735 Investment by holding companies 1937.2 2133.2 2169.7 2112.8 2140.2 2158.6 2169.7 2206.6 2278.6 34

 35 FL753194503 Investment by funding corporations 123.5 103.2 105.4 96.2 109.1 108.4 105.4 127.1 114.9 35

 36 FL703193005 Other 718.5 865.5 854.3 907.4 881.9 910.1 854.3 902.3 959.3 36

 Memo:

 37 FL763066303 Consumer leases not included above (2) 7.9 8.6 8.0 8.6 8.6 8.3 8.0 8.1 8.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL764090005 Total financial assets 12795.4 13646.6 14182.2 13868.0 13855.0 13948.6 14182.2 14387.7 14571.1 1

 2 FL763025000 Vault cash 73.6 75.6 74.2 67.8 68.3 67.6 74.2 69.8 73.3 2

 3 FL763013005 Reserves at Federal Reserve 1252.9 1443.6 1235.6 1505.4 1305.8 1278.8 1235.6 1311.8 1217.6 3

 4 FL762050005 Federal funds and security repos 215.4 185.0 209.8 215.1 208.9 212.3 209.8 205.6 215.6 4

 5 FL764022005 Debt securities 2912.4 3153.9 3368.3 3223.9 3262.8 3276.3 3368.3 3387.3 3430.1 5

 6 FL763069175 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FL763061100 Treasury securities 217.1 420.4 435.2 421.3 424.2 420.9 435.2 435.1 445.8 7

 8 FL763061705 Agency- and GSE-backed securities 1717.3 1760.3 1924.7 1815.0 1845.5 1861.5 1924.7 1930.1 1948.5 8

 9 FL763061803 Residential mortgage pass-through securities 953.5 979.7 1129.7 1024.3 1058.7 1077.8 1129.7 1130.1 1158.5 9

 10 FL763061303 Commercial mortgage pass-through securities 30.3 42.4 61.5 45.9 49.4 53.8 61.5 66.4 71.0 10

 11 FL763061603 Residential CMOs and other structured MBS 431.0 444.0 443.9 448.8 442.0 440.8 443.9 442.0 432.0 11

 12 FL763061403 Commercial CMOs and other structured MBS 66.8 81.4 96.7 83.6 85.7 89.4 96.7 105.4 112.0 12

 13 FL763061795 Other 235.7 212.7 193.0 212.3 209.6 199.6 193.0 186.3 175.1 13

 14 FL763062000 Municipal securities 418.9 451.5 498.9 465.2 476.6 488.1 498.9 507.5 524.1 14

 15 FL763063005 Corporate and foreign bonds 559.2 521.7 509.5 522.4 516.5 505.8 509.5 514.5 511.6 15

 16 FL763063673 Priv. residential mortgage pass-through securities 28.7 22.7 14.7 21.2 19.5 17.1 14.7 12.8 11.2 16

 17 FL763063653 Priv. commercial mortgage pass-through securities 8.0 5.6 3.0 5.1 3.7 3.2 3.0 2.3 2.1 17

 18 FL763063663 Priv. residential CMOs and other structured MBS 73.7 68.2 56.2 65.4 63.6 60.8 56.2 53.8 52.4 18

 19 FL763063693 Priv. commercial CMOs and other structured MBS 37.3 42.7 53.3 46.0 48.1 50.0 53.3 52.4 51.2 19

 20 FL763063095 Other 411.4 382.6 382.3 384.7 381.5 374.8 382.3 393.3 394.8 20

 21 FL764023005 Loans 7241.4 7670.0 8189.9 7722.7 7889.8 7990.8 8189.9 8275.2 8456.2 21

 22 FL763068005 Depository institution loans n.e.c. 1986.4 2236.2 2465.3 2286.8 2360.0 2377.9 2465.3 2529.2 2577.1 22

 23 FL763069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 FL763065005 Mortgages 3983.5 4090.7 4296.3 4123.8 4180.2 4229.2 4296.3 4340.2 4432.6 24

 25 FL763066000 Consumer credit 1271.6 1343.1 1428.3 1312.1 1349.6 1383.6 1428.3 1405.8 1446.6 25

 26 LM763064105 Corporate equities 101.3 108.5 100.0 109.0 108.4 94.0 100.0 93.6 97.3 26

 27 LM763064203 Mutual fund shares 57.9 59.7 54.9 59.4 59.9 53.5 54.9 56.3 57.7 27

 28 FL763040005 Life insurance reserves 143.8 149.6 156.2 150.9 153.1 154.5 156.2 157.6 159.0 28

 29 FL763092000 U.S. direct investment abroad 268.6 261.0 253.2 262.2 264.0 262.1 253.2 254.6 254.6 29

 30 FL763090005 Miscellaneous assets 528.0 539.5 540.1 551.5 534.0 558.8 540.1 576.0 609.8 30

 31 FL764190005 Total liabilities 13299.2 14294.1 14791.5 14476.3 14424.4 14502.3 14791.5 14992.7 15228.5 31

 32 FL764110005 Net interbank liabilities 227.8 282.3 229.6 306.8 204.2 164.7 229.6 185.0 168.2 32

 33 FL713022003 Federal Reserve float -1.0 -0.6 -0.0 -0.7 -0.4 -0.1 -0.0 -1.2 -1.3 33

 34 FL713068705 Borrowing from Federal Reserve banks 0.1 0.1 0.1 0.0 0.2 0.3 0.1 0.1 0.2 34

 35 FL764112005 To domestic banks 57.2 12.0 -5.0 4.1 -5.3 -3.9 -5.0 -17.7 -25.2 35

 36 FL764116005 To foreign banks 171.4 270.7 234.5 303.4 209.8 168.4 234.5 203.8 194.4 36

 37 FL763127005 Checkable deposits 1579.8 1716.1 1766.4 1698.6 1717.2 1671.9 1766.4 1778.8 1815.9 37

 38 FL763123005 Federal government 1.6 2.5 2.3 2.5 2.3 2.3 2.3 2.2 2.1 38

 39 FL763129205 Private domestic 1527.1 1657.1 1722.2 1640.3 1662.5 1628.6 1722.2 1729.1 1766.4 39

 40 FL763122605 Rest of the world 51.2 56.5 41.9 55.9 52.4 41.0 41.9 47.5 47.4 40

 41 FL763131005 Small time and savings deposits 7236.0 7579.8 8042.0 7802.9 7780.9 7906.7 8042.0 8201.8 8240.2 41

 42 FL763135005 Large time deposits 826.9 929.3 951.2 924.2 919.7 948.2 951.2 962.2 967.3 42

 43 FL762150005 Federal funds and security repos 269.4 236.2 196.8 228.7 226.2 205.9 196.8 193.7 184.1 43

 44 FL764122005 Debt securities 280.7 263.5 254.2 243.6 244.7 247.3 254.2 263.4 257.0 44

 45 FL763169175 Open market paper 59.7 54.5 53.6 49.0 50.1 51.1 53.6 56.6 55.5 45

 46 FL763163005 Corporate bonds 221.0 209.0 200.6 194.6 194.5 196.2 200.6 206.9 201.5 46

 47 FL763169305 Loans (other loans and advances) 410.1 468.2 498.7 436.0 478.1 460.2 498.7 484.5 549.0 47

 48 FL763178003 Taxes payable (net) -47.4 -32.3 -36.7 -27.5 -34.4 -32.2 -36.7 -26.3 -21.9 48

 49 FL763190005 Miscellaneous liabilities 2516.2 2851.0 2889.3 2863.0 2887.7 2929.8 2889.3 2949.6 3068.8 49

 50 FL763194735 Investment by holding companies 1937.2 2133.2 2169.7 2112.8 2140.2 2158.6 2169.7 2206.6 2278.6 50

 51 FL763193005 Other 578.9 717.8 719.6 750.3 747.5 771.1 719.6 743.0 790.2 51

 Memo:

 52 FL763066303 Consumer leases not included above (1) 7.9 8.6 8.0 8.6 8.6 8.3 8.0 8.1 8.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL754090005 Total financial assets 2037.1 2093.4 1951.5 2082.2 2105.8 2090.1 1951.5 2040.7 2103.7 1

 2 FL753025003 Vault cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FL753013003 Reserves at Federal Reserve 948.0 888.8 690.3 872.3 886.7 871.1 690.3 749.2 766.0 3

 4 FL752050005 Federal funds and security repos 177.1 218.1 218.5 199.8 210.5 198.5 218.5 205.8 203.4 4

 5 FL754022005 Debt securities 288.8 274.3 265.3 265.8 253.3 262.7 265.3 286.5 310.7 5

 6 FL753069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FL753061103 Treasury securities 67.0 56.5 69.8 55.7 57.3 54.7 69.8 79.2 89.2 7

 8 FL753061703 Agency- and GSE-backed securities 25.4 20.5 23.1 19.3 23.3 20.9 23.1 23.2 22.9 8

 9 FL753062003 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL753063005 Corporate and foreign bonds 196.4 197.3 172.4 190.8 172.8 187.2 172.4 184.2 198.5 10

 11 FL754023005 Loans 566.2 640.9 719.0 668.5 685.4 696.8 719.0 735.1 753.1 11

 12 FL753068005 Depository institution loans n.e.c. 535.9 603.3 667.6 631.1 644.4 650.1 667.6 679.0 692.6 12

 13 FL753069703 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL753065005 Mortgages 30.3 37.6 51.3 37.4 41.0 46.6 51.3 56.1 60.5 14

 15 FL753064103 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL753093005 Miscellaneous assets 57.0 71.3 58.4 75.8 69.9 61.0 58.4 64.1 70.5 16

 17 FL754190005 Total liabilities 2145.2 2188.7 2055.4 2162.8 2198.0 2199.8 2055.4 2111.3 2140.4 17

 18 FL754110005 Net interbank liabilities 330.6 197.7 148.1 166.9 229.6 256.5 148.1 133.3 176.2 18

 19 FL754116005 To foreign banks 242.8 174.4 119.8 139.0 202.7 225.2 119.8 101.3 141.2 19

 20 FL754112005 To domestic banks 87.8 23.3 28.3 27.9 26.9 31.3 28.3 31.9 35.1 20

 21 FL753127005 Checkable deposits 92.6 137.8 154.1 149.4 161.2 152.8 154.1 172.3 192.4 21

 22 FL753131005 Small time and savings deposits 90.4 84.5 97.5 126.4 88.8 96.8 97.5 98.2 100.4 22

 23 FL753135005 Large time deposits 869.5 971.8 837.4 924.7 926.3 893.9 837.4 845.2 784.8 23

 24 FL752150005 Federal funds and security repos 312.7 371.3 406.6 369.9 374.8 375.4 406.6 407.9 429.1 24

 25 FL753169603 Debt securities (open market paper) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 FL753192003 Foreign direct investment in U.S. 214.9 202.8 197.9 199.7 203.2 203.7 197.9 199.8 201.3 26

 27 FL753190005 Miscellaneous liabilities 234.6 222.8 213.7 225.7 214.2 220.8 213.7 254.7 256.2 27

 28 FL753194503 Investment by funding corporations 123.5 103.2 105.4 96.2 109.1 108.4 105.4 127.1 114.9 28

 29 FL753193005 Other 111.1 119.6 108.3 129.4 105.1 112.4 108.3 127.6 141.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL744090005 Total financial assets 84.7 91.9 88.5 85.8 90.9 89.4 88.5 93.4 90.2 1

 2 FL744022003 Debt securities 12.4 11.1 11.9 11.1 11.4 11.4 11.9 11.8 12.5 2

 3 FL743061103 Treasury securities 1.2 1.3 2.4 1.5 1.8 2.2 2.4 2.5 2.8 3

 4 FL743061703 Agency- and GSE-backed securities 1.9 1.7 1.8 1.5 1.8 1.8 1.8 1.5 1.5 4

 5 FL743062003 Municipal securities 3.6 2.7 2.1 2.7 2.5 2.2 2.1 2.0 2.0 5

 6 FL743063005 Corporate and foreign bonds 5.8 5.3 5.6 5.4 5.3 5.2 5.6 5.8 6.3 6

 7 FL744023003 Loans 51.8 47.4 41.7 43.4 42.6 41.9 41.7 41.2 40.6 7

 8 FL743068005 Depository institution loans n.e.c. 19.4 17.1 15.1 15.6 15.5 15.1 15.1 14.6 14.3 8

 9 FL743065103 Home mortgages 18.9 17.4 15.8 16.5 16.3 16.1 15.8 15.7 15.5 9

 10 FL743065505 Commercial mortgages 13.5 13.0 10.8 11.3 10.8 10.8 10.8 10.9 10.8 10

 11 FL743093005 Miscellaneous assets 20.5 33.4 34.9 31.3 36.9 36.1 34.9 40.3 37.1 11

 12 FL744190005 Total liabilities 80.5 87.6 84.2 82.3 87.8 85.4 84.2 89.9 86.8 12

 13 FL744110005 Net interbank liabilities -4.7 -5.3 -5.1 -5.7 -6.2 -5.4 -5.1 -5.8 -5.9 13

 14 FL743127003 Checkable deposits 28.2 33.4 35.0 33.0 35.8 35.4 35.0 38.4 37.5 14

 15 FL743131005 Small time and savings deposits 21.4 23.4 21.9 21.6 22.8 22.3 21.9 23.3 22.3 15

 16 FL743135005 Large time deposits 21.4 23.4 21.9 21.6 22.8 22.3 21.9 23.3 22.3 16

 17 FL743193005 Miscellaneous liabilities 14.3 12.7 10.4 11.8 12.6 10.9 10.4 10.8 10.7 17

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

L.114 Credit Unions

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

 1 FL474090005 Total financial assets 1003.3 1065.9 1150.5 1104.4 1112.5 1125.2 1150.5 1174.0 1193.2 1

 2 FL473013003 Reserves at Federal Reserve 48.1 45.7 51.2 59.6 49.9 47.7 51.2 64.3 54.7 2

 3 FL472050053 Federal funds and security repos 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 FL474022005 Debt securities 231.7 222.8 219.9 228.1 225.3 216.2 219.9 218.2 218.9 4

 5 FL473069153 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FL473061105 Treasury securities 19.1 21.6 29.2 22.9 23.3 22.9 29.2 28.5 23.4 6

 7 FL473061705 Agency- and GSE-backed securities 199.2 187.5 175.6 190.1 186.9 178.3 175.6 173.4 178.9 7

 8 FL473062005 Municipal securities 4.6 3.8 4.3 3.9 4.2 4.4 4.3 4.8 4.9 8

 9 FL473063005 Corporate and foreign bonds 8.9 9.9 10.8 11.1 10.9 10.7 10.8 11.4 11.7 9

 10 FL474023000 Loans 660.1 728.9 804.9 739.4 763.5 787.5 804.9 809.2 831.8 10

 11 FL473068005 Depository institution loans n.e.c. 48.7 53.7 57.7 54.6 53.7 56.4 57.7 61.1 57.3 11

 12 FL473065100 Home mortgages 345.9 372.5 404.9 377.1 387.1 397.7 404.9 403.0 416.7 12

 13 FL473066000 Consumer credit 265.6 302.8 342.3 307.7 322.7 333.4 342.3 345.1 357.8 13

 14 LM473064205 Mutual fund shares 2.2 2.1 1.9 2.0 2.1 2.1 1.9 1.9 2.0 14

 15 FL473090005 Miscellaneous assets 61.1 66.4 72.6 75.3 71.6 71.6 72.6 80.3 85.8 15

 16 FL474190005 Total liabilities 906.9 958.4 1036.4 993.3 1000.5 1011.3 1036.4 1055.6 1073.6 16

 17 FL474110005 Net interbank liabilities -63.5 -62.8 -60.5 -62.0 -62.9 -61.7 -60.5 -63.1 -64.5 17

 18 FL473139000 Shares/deposits 929.2 970.4 1036.3 1004.5 1006.8 1012.3 1036.3 1054.8 1076.5 18

 19 FL473127003 Checkable 121.7 133.9 153.4 142.6 139.9 140.7 153.4 156.1 156.1 19

 20 FL473131005 Small time and savings 763.1 788.1 828.1 811.7 816.2 818.9 828.1 840.7 861.4 20

 21 FL473135003 Large time 44.3 48.4 54.8 50.2 50.7 52.7 54.8 58.0 59.0 21

 22 FL472150053 Federal funds and security repos 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL473169333 Loans (other loans and advances) 27.0 35.4 44.7 34.9 39.9 44.9 44.7 42.9 44.5 23

 24 FL473193005 Miscellaneous liabilities 14.2 15.4 16.0 15.9 16.7 15.7 16.0 21.0 17.1 24
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L.115 Property-Casualty Insurance Companies

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL514090005 Total financial assets 1537.8 1592.6 1589.4 1588.1 1590.7 1582.7 1589.4 1598.6 1600.8 1

 2 FL513020003 Checkable deposits and currency 29.7 35.6 32.7 35.4 30.4 34.2 32.7 30.7 34.9 2

 3 FL513034003 Money market fund shares 20.1 18.3 21.5 18.9 19.5 20.6 21.5 20.6 20.7 3

 4 FL512051003 Security repurchase agreements 1.7 1.8 1.8 1.7 1.7 1.8 1.8 1.7 1.7 4

 5 FL514022005 Debt securities 950.8 970.6 968.3 963.4 966.9 966.4 968.3 974.9 972.4 5

 6 FL513069103 Open market paper 8.1 7.9 8.8 8.1 8.2 8.6 8.8 8.5 8.5 6

 7 FL513061103 Treasury securities 96.1 102.4 99.2 100.9 100.2 99.8 99.2 99.3 99.1 7

 8 FL513061703 Agency- and GSE-backed securities 109.5 106.2 98.6 103.5 102.1 100.2 98.6 99.4 99.2 8

 9 FL513062003 Municipal securities 326.4 322.1 330.4 322.0 325.7 327.5 330.4 333.0 332.1 9

 10 FL513063003 Corporate and foreign bonds 410.8 432.0 431.2 428.9 430.8 430.3 431.2 434.7 433.4 10

 11 FL513065503 Loans (commercial mortgages) 7.9 9.9 12.3 10.4 10.9 11.5 12.3 13.4 13.8 11

 12 LM513064105 Corporate equities 310.4 325.4 316.8 320.4 317.0 303.0 316.8 316.2 311.9 12

 13 LM513064203 Mutual fund shares 14.8 16.8 17.4 17.5 17.7 16.8 17.4 17.7 17.7 13

 14 FL513070003 Trade receivables 95.2 100.8 106.8 106.1 109.3 110.7 106.8 111.0 114.4 14

 15 FL513092003 U.S. direct investment abroad 107.0 113.4 111.8 114.1 117.2 117.6 111.8 112.2 113.2 15

 16 FL513092403 Miscellaneous assets (equity in FHLB) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 16

 17 FL514190005 Total liabilities 869.1 909.3 925.5 906.6 910.3 918.1 925.5 960.4 962.4 17

 18 FL512151003 Security repurchase agreements 1.5 1.0 1.4 1.1 1.1 1.3 1.4 1.6 1.9 18

 19 FL513169333 Loans (other loans and advances) 2.1 2.2 2.3 2.2 2.1 2.1 2.3 2.2 3.5 19

 20 FL513178003 Taxes payable (net) 8.4 10.3 2.1 10.6 5.9 0.1 2.1 3.4 -0.7 20

 21 FL513192003 Foreign direct investment in U.S. 44.1 67.9 77.0 67.6 67.7 71.0 77.0 104.1 104.1 21

 22 FL513190005 Miscellaneous liabilities 813.1 827.8 842.6 825.0 833.4 843.7 842.6 849.0 853.6 22

 23 FL513194733 Investment by parent companies 5.2 5.3 4.5 3.9 4.6 4.8 4.5 4.0 4.4 23

 24 FL513176003 Policy payables 807.8 822.5 838.1 821.1 828.8 838.9 838.1 845.0 849.2 24
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L.116 Life Insurance Companies (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL544090005 Total financial assets 5977.3 6227.1 6279.0 6314.8 6297.4 6222.6 6279.0 6372.3 6511.9 1

 2 FL543020005 Checkable deposits and currency 47.2 50.8 58.1 49.2 41.8 52.1 58.1 55.9 76.2 2

 3 FL543034005 Money market fund shares 49.4 53.4 56.1 51.5 50.4 61.6 56.1 58.3 54.7 3

 4 FL542051073 Security repurchase agreements 2.9 3.4 8.5 8.4 8.0 9.6 8.5 7.9 7.8 4

 5 FL544022005 Debt securities 2934.2 3004.3 3084.7 3027.5 3041.0 3065.3 3084.7 3135.0 3185.7 5

 6 FL543069105 Open market paper 46.7 42.2 35.3 39.9 37.1 38.6 35.3 37.5 37.5 6

 7 FL543061105 Treasury securities 168.6 182.9 199.1 191.8 193.1 198.0 199.1 202.2 205.0 7

 8 FL543061705 Agency- and GSE-backed securities 354.1 339.1 326.7 336.9 333.7 328.9 326.7 331.6 336.6 8

 9 FL543062005 Municipal securities 141.6 147.8 158.7 149.9 152.4 155.6 158.7 161.8 164.4 9

 10 FL543063005 Corporate and foreign bonds 2223.0 2292.3 2364.9 2309.1 2324.7 2344.2 2364.9 2401.9 2442.3 10

 11 FL544023005 Loans 517.1 546.6 586.2 552.5 560.7 570.6 586.2 595.2 603.5 11

 12 FL543069005 Other loans and advances 153.9 161.9 161.4 162.8 161.2 162.0 161.4 165.1 163.9 12

 13 FL543065005 Mortgages 363.2 384.8 424.7 389.7 399.5 408.6 424.7 430.1 439.7 13

 14 LM543064105 Corporate equities 298.5 316.5 306.2 320.1 320.0 296.4 306.2 310.4 317.7 14

 15 LM543064205 Mutual fund shares 1652.9 1702.7 1634.5 1731.3 1715.5 1591.8 1634.5 1625.3 1644.0 15

 16 FL543092073 U.S. direct investment abroad 68.4 68.9 60.0 70.8 70.7 69.4 60.0 60.7 61.8 16

 17 FL543090005 Miscellaneous assets 406.8 480.5 484.8 503.6 489.3 505.9 484.8 523.6 560.4 17

 18 FL543092473 Equity in FHLB 2.9 3.0 3.4 3.1 3.4 3.5 3.4 3.5 3.6 18

 19 FL543077073 Deferred and unpaid life ins. premiums 27.9 29.1 30.6 30.2 31.0 30.6 30.6 31.8 32.7 19

 20 FL543093005 Other 376.0 448.5 450.9 470.3 454.8 471.8 450.9 488.2 524.1 20

 21 FL544190005 Total liabilities 5602.8 5828.1 5886.3 5913.9 5903.6 5830.8 5886.3 5979.6 6115.0 21

 22 FL542151073 Security repurchase agreements 20.9 21.9 22.8 22.1 22.4 22.4 22.8 22.9 23.2 22

 23 FL543169373 Loans (other loans and advances) 50.1 51.9 58.2 54.1 56.2 57.3 58.2 60.7 65.3 23

 24 FL543140005 Life insurance reserves 1366.3 1426.1 1464.6 1446.2 1452.9 1450.0 1464.6 1480.8 1496.5 24

 25 FL543150005 Pension entitlements (2) 2705.5 2825.0 2846.9 2846.5 2857.9 2786.7 2846.9 2873.5 2928.3 25

 26 FL543178073 Taxes payable (net) -30.5 -32.4 -33.1 -29.9 -31.3 -33.5 -33.1 -31.7 -32.8 26

 27 FL543192073 Foreign direct investment in U.S. 88.1 97.0 91.8 105.1 105.4 105.2 91.8 100.6 100.9 27

 28 FL543190005 Miscellaneous liabilities 1402.5 1438.5 1435.1 1469.7 1440.0 1442.8 1435.1 1472.7 1533.5 28

 29 FL543194733 Investment by parent companies 10.7 11.5 12.0 11.8 11.8 12.1 12.0 12.9 13.7 29

 30 FL673090543 Funding agreements backing securities (3) 61.1 70.4 71.9 71.9 70.4 67.4 71.9 71.0 73.0 30

 31 FL543195005 Other reserves (4) 304.2 310.0 313.1 312.3 311.1 314.6 313.1 320.5 327.8 31

 32 FL593095005 Unallocated insurance contracts 676.2 672.3 665.9 681.3 678.2 656.9 665.9 666.1 671.8 32

 33 FL543193005 Other 350.2 374.4 372.1 392.4 368.4 391.9 372.1 402.3 447.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL544090075 Total financial assets 3657.0 3812.9 3886.5 3792.0 3797.6 3867.2 3886.5 3974.1 4089.2 1

 2 FL543020073 Checkable deposits and currency 31.9 35.4 44.4 34.4 27.4 38.3 44.4 42.2 62.4 2

 3 FL543034073 Money market fund shares 21.6 27.7 28.5 27.4 26.3 31.9 28.5 30.4 30.0 3

 4 FL542051073 Security repurchase agreements 2.9 3.4 8.5 8.4 8.0 9.6 8.5 7.9 7.8 4

 5 FL544022075 Debt securities 2610.9 2682.0 2725.9 2666.4 2680.3 2705.1 2725.9 2775.3 2822.4 5

 6 FL543069170 Open market paper 25.9 19.8 15.4 18.3 16.4 18.5 15.4 17.6 17.4 6

 7 FL543061173 Treasury securities 129.2 138.3 144.0 138.3 139.5 142.8 144.0 147.0 149.2 7

 8 FL543061773 Agency- and GSE-backed securities 270.5 267.2 254.5 261.6 258.7 256.5 254.5 259.2 263.5 8

 9 FL543062073 Municipal securities 135.7 141.0 150.6 142.1 144.6 147.5 150.6 153.7 156.2 9

 10 FL543063075 Corporate and foreign bonds 2049.6 2115.6 2161.3 2106.2 2121.2 2139.9 2161.3 2197.8 2236.1 10

 11 FL544023075 Loans 506.4 534.5 560.6 527.4 535.4 545.0 560.6 569.3 576.6 11

 12 FL543069075 Other loans and advances 153.6 161.5 156.4 157.6 156.1 156.8 156.4 160.1 158.8 12

 13 FL543065070 Mortgages 352.8 373.0 404.2 369.8 379.4 388.2 404.2 409.3 417.8 13

 14 LM543064175 Corporate equities 76.5 82.1 81.2 82.4 85.2 83.5 81.2 84.6 87.3 14

 15 LM543064273 Mutual fund shares 3.7 3.9 3.8 3.9 3.9 3.7 3.8 3.8 3.8 15

 16 FL543092073 U.S. direct investment abroad 68.4 68.9 60.0 70.8 70.7 69.4 60.0 60.7 61.8 16

 17 FL543090075 Miscellaneous assets 334.7 375.1 373.6 370.9 360.3 380.7 373.6 399.8 437.0 17

 18 FL544190075 Total liabilities 3275.9 3406.8 3475.6 3382.0 3392.3 3460.9 3475.6 3563.3 3674.2 18

 19 FL542151073 Security repurchase agreements 20.9 21.9 22.8 22.1 22.4 22.4 22.8 22.9 23.2 19

 20 FL543169373 Loans (other loans and advances) 50.1 51.9 58.2 54.1 56.2 57.3 58.2 60.7 65.3 20

 21 FL543140073 Life insurance reserves 1096.6 1142.7 1146.8 1122.4 1128.7 1139.7 1146.8 1162.3 1175.3 21

 22 FL543150075 Pension entitlements (1) 952.1 999.6 1055.2 979.0 1002.0 1039.3 1055.2 1076.3 1112.5 22

 23 FL543178073 Taxes payable (net) -30.5 -32.4 -33.1 -29.9 -31.3 -33.5 -33.1 -31.7 -32.8 23

 24 FL543192073 Foreign direct investment in U.S. 88.1 97.0 91.8 105.1 105.4 105.2 91.8 100.6 100.9 24

 25 FL543190075 Miscellaneous liabilities 1098.6 1126.0 1133.9 1129.1 1108.9 1130.5 1133.9 1172.2 1229.8 25

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

L.116.s Life Insurance Companies: Separate Accounts

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

 1 FL544090085 Total financial assets 2320.3 2414.2 2392.6 2522.8 2499.8 2355.4 2392.6 2398.2 2422.8 1

 2 FL543020083 Checkable deposits and currency 15.3 15.4 13.7 14.9 14.3 13.8 13.7 13.7 13.8 2

 3 FL543034385 Money market fund shares 27.8 25.7 27.6 24.1 24.2 29.7 27.6 27.9 24.7 3

 4 FL544022085 Debt securities 323.2 322.3 358.8 361.1 360.7 360.1 358.8 359.7 363.4 4

 5 FL543069183 Open market paper 20.9 22.3 19.8 21.5 20.8 20.0 19.8 19.9 20.1 5

 6 FL543061183 Treasury securities 39.5 44.6 55.1 53.5 53.6 55.3 55.1 55.2 55.8 6

 7 FL543061783 Agency- and GSE-backed securities 83.6 71.9 72.2 75.3 75.0 72.4 72.2 72.3 73.1 7

 8 FL543062083 Municipal securities 5.9 6.8 8.1 7.8 7.9 8.1 8.1 8.1 8.2 8

 9 FL543063085 Corporate and foreign bonds 173.4 176.7 203.7 202.9 203.4 204.3 203.7 204.1 206.2 9

 10 FL544023085 Loans 10.7 12.1 25.5 25.1 25.3 25.6 25.5 25.9 26.9 10

 11 FL543069483 Other loans and advances 0.4 0.4 5.0 5.2 5.2 5.2 5.0 5.0 5.1 11

 12 FL543065083 Mortgages 10.4 11.8 20.5 19.9 20.1 20.4 20.5 20.9 21.8 12

 13 LM543064183 Corporate equities 222.0 234.4 225.0 237.7 234.8 212.9 225.0 225.8 230.4 13

 14 LM543064285 Mutual fund shares 1649.2 1698.9 1630.7 1727.4 1711.6 1588.1 1630.7 1621.5 1640.2 14

 15 FL543090085 Miscellaneous assets 72.1 105.4 111.2 132.7 129.0 125.2 111.2 123.7 123.4 15

 16 FL544190085 Total liabilities 2327.0 2421.3 2410.8 2531.9 2511.4 2369.9 2410.8 2416.3 2440.8 16

 17 FL543140083 Life insurance reserves 269.7 283.4 317.8 323.7 324.3 310.2 317.8 318.5 321.2 17

 18 FL543150085 Pension entitlements (1) 1753.4 1825.4 1791.7 1867.5 1855.9 1747.3 1791.7 1797.3 1815.9 18

 19 FL543190085 Miscellaneous liabilities 303.9 312.5 301.2 340.6 331.1 312.3 301.2 300.5 303.7 19

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds which are included in miscellaneous liabilities (line 19).
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L.117 Private and Public Pension Funds (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL594090005 Total financial assets (2) 16972.3 17641.2 18216.7 18000.8 18122.0 17909.1 18216.7 18397.6 18620.4 1

 2 FL593020005 Checkable deposits and currency 19.6 23.3 24.3 22.8 23.2 23.7 24.3 24.7 25.4 2

 3 FL593030005 Time and savings deposits 68.3 73.4 74.9 74.4 75.2 74.9 74.9 73.6 74.1 3

 4 FL593034005 Money market fund shares 203.4 207.2 202.9 199.9 201.6 202.5 202.9 201.7 203.7 4

 5 FL592051005 Security repurchase agreements 6.1 6.6 6.3 6.5 6.5 6.4 6.3 6.1 6.0 5

 6 FL594022005 Debt securities 3520.3 3648.8 3805.7 3542.6 3449.5 3366.4 3805.7 3821.8 3841.3 6

 7 FL593069105 Open market paper 79.1 84.5 87.9 86.4 87.4 87.5 87.9 86.5 87.0 7

 8 FL593061105 Treasury securities (3) 2018.7 2094.5 2200.8 1991.5 1868.5 1776.5 2200.8 2195.5 2200.7 8

 9 FL593061705 Agency- and GSE-backed securities 278.2 271.2 255.9 261.6 258.3 256.0 255.9 255.6 253.7 9

 10 FL223062043 Municipal securities 2.4 2.2 2.0 2.2 2.2 2.0 2.0 2.4 2.4 10

 11 FL593063005 Corporate and foreign bonds 1141.9 1196.3 1259.1 1200.9 1233.1 1244.4 1259.1 1281.8 1297.6 11

 12 FL593065005 Loans (mortgages) 31.8 34.1 30.9 32.9 32.4 31.5 30.9 29.3 28.9 12

 13 LM593064105 Corporate equities 4622.0 4760.7 4540.1 4809.9 4740.7 4335.4 4540.1 4520.3 4546.1 13

 14 LM593064205 Mutual fund shares 3513.4 3716.0 3764.7 3914.0 3933.7 3659.1 3764.7 3810.2 3883.9 14

 15 FL593090005 Miscellaneous assets 4987.3 5171.3 5766.9 5397.6 5659.4 6209.1 5766.9 5909.7 6011.1 15

 16 FL593095005 Unallocated insurance contracts (4) 676.2 672.3 665.9 681.3 678.2 656.9 665.9 666.1 671.8 16

 17 FL573074005 Contributions receivable 79.0 76.1 71.8 74.7 73.7 72.7 71.8 69.9 68.1 17

 18 FL593073005 Claims of pension fund on sponsor (5) 3442.6 3593.6 4150.9 3785.7 4041.1 4608.6 4150.9 4295.3 4382.6 18

 19 FL593093005 Other 789.6 829.4 878.2 855.9 866.4 870.9 878.2 878.4 888.6 19

 20 FL594190005 Pension entitlements (liabilities) (6) 17155.3 17833.6 18400.7 18192.9 18311.9 18091.7 18400.7 18581.7 18804.7 20

 Memo:

 Funded status of defined benefit plans:

 21 FL594190045 Pension entitlements 11273.6 11701.1 12136.7 11809.8 11919.1 12027.7 12136.7 12245.3 12354.0 21

 22 FL592000075 Funded by assets (7) 7831.0 8107.5 7985.8 8085.1 8005.6 7619.0 7985.8 7950.0 7971.5 22

 23 FL593073045 Unfunded (line 18) 3442.6 3593.6 4150.9 3724.8 3913.5 4408.7 4150.9 4295.3 4382.6 23

 24 FL153050015 Household retirement assets (8) 25967.9 27165.3 27821.6 27721.3 27910.0 27268.8 27821.6 28095.1 28540.2 24

 25 FL594090045 Defined benefit plans 11090.6 11508.6 11952.7 11617.6 11729.3 11845.2 11952.7 12061.2 12169.8 25

 26 FL594090055 Defined contribution plans 5881.8 6132.6 6264.0 6383.1 6392.8 6063.9 6264.0 6336.3 6450.6 26

 27 FL893131573 Individual retirement plans (IRAs) (9) 6835.0 7266.0 7329.0 7445.0 7504.0 7133.0 7329.0 7400.0 ND 27

 28 FL543150015 Annuities at life insurance companies (10) 2160.5 2258.0 2275.9 2275.5 2283.9 2226.7 2275.9 2297.5 2352.2 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 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL574090005 Total financial assets (2) 8098.6 8425.5 8632.4 8683.1 8713.1 8448.1 8632.4 8718.0 8838.7 1

 2 FL573020005 Checkable deposits and currency 15.6 18.8 19.9 18.3 18.6 19.3 19.9 20.5 21.1 2

 3 FL573030005 Time and savings deposits 33.6 35.5 36.8 36.0 36.2 36.5 36.8 37.2 37.6 3

 4 FL573034005 Money market fund shares 154.7 155.6 151.0 147.8 148.7 151.2 151.0 152.9 154.8 4

 5 FL572051005 Security repurchase agreements 2.8 3.0 2.8 2.9 2.9 2.8 2.8 2.7 2.6 5

 6 FL574022005 Debt securities 1159.6 1181.2 1226.6 1193.2 1201.7 1215.4 1226.6 1236.9 1246.9 6

 7 FL573069105 Open market paper 41.2 43.2 46.3 44.6 44.9 45.6 46.3 46.8 47.3 7

 8 FL573061105 Treasury securities 299.8 295.6 317.1 305.7 308.8 313.7 317.1 319.8 322.9 8

 9 FL573061705 Agency- and GSE-backed securities 165.5 163.1 154.4 156.8 155.1 154.8 154.4 153.5 152.8 9

 10 FL573063005 Corporate and foreign bonds 653.0 679.3 708.8 686.1 692.9 701.3 708.8 716.8 723.9 10

 11 FL573065005 Loans (mortgages) 22.4 24.0 21.3 22.7 22.0 21.6 21.3 21.0 20.7 11

 12 LM573064105 Corporate equities 2243.8 2284.3 2163.9 2314.0 2271.8 2071.4 2163.9 2148.6 2172.1 12

 13 LM573064205 Mutual fund shares 3007.6 3175.5 3216.7 3349.8 3358.3 3126.8 3216.7 3259.1 3317.6 13

 14 FL573090005 Miscellaneous assets 1458.6 1547.6 1793.5 1598.5 1653.0 1803.1 1793.5 1839.1 1865.2 14

 15 FL573095005 Unallocated insurance contracts (3) 525.5 527.4 519.5 534.6 530.9 513.9 519.5 519.9 523.7 15

 16 FL573074005 Contributions receivable 79.0 76.1 71.8 74.7 73.7 72.7 71.8 69.9 68.1 16

 17 FL573073005 Claims of pension fund on sponsor (4) 219.4 283.5 496.9 305.9 358.4 519.6 496.9 536.1 551.6 17

 18 FL573093005 Other 634.8 660.6 705.2 683.4 690.0 696.9 705.2 713.3 721.8 18

 19 FL574190005 Pension entitlements (liabilities) (5) 8135.1 8462.0 8669.0 8719.7 8749.7 8484.7 8669.0 8754.6 8875.3 19

 Memo:

 Funded status of defined benefit plans:

 20 FL574190043 Pension entitlements 3131.4 3222.9 3306.9 3246.1 3268.1 3288.6 3306.9 3325.2 3343.5 20

 21 FL572000075 Funded by assets (6) 2912.0 2939.5 2809.9 2940.2 2909.7 2768.9 2809.9 2789.2 2791.9 21

 22 FL573073005 Unfunded (line 17) 219.4 283.5 496.9 305.9 358.4 519.6 496.9 536.1 551.6 22

 Total financial assets (7)

 23 FL574090045 Defined benefit plans 3094.9 3186.4 3270.3 3209.5 3231.6 3252.0 3270.3 3288.6 3306.9 23

 24 FL574090055 Defined contribution plans 5003.7 5239.1 5362.1 5473.6 5481.6 5196.1 5362.1 5429.4 5531.8 24

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

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

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

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

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

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

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

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL574090045 Total financial assets (1) 3094.9 3186.4 3270.3 3209.5 3231.6 3252.0 3270.3 3288.6 3306.9 1

 2 FL573020043 Checkable deposits and currency 8.7 10.9 11.7 11.1 11.2 11.4 11.7 11.8 12.0 2

 3 FL573030043 Time and savings deposits 29.8 31.8 32.3 31.9 32.1 32.2 32.3 32.5 32.6 3

 4 FL573034043 Money market fund shares 35.7 38.0 37.7 38.0 37.9 37.8 37.7 37.7 37.5 4

 5 FL572051043 Security repurchase agreements 2.8 3.0 2.8 2.9 2.9 2.8 2.8 2.7 2.6 5

 6 FL574022045 Debt securities 835.6 850.1 871.7 856.0 860.8 866.1 871.7 877.7 882.5 6

 7 FL573069143 Open market paper 32.5 34.6 35.7 35.0 35.2 35.5 35.7 35.8 35.7 7

 8 FL573061143 Treasury securities 185.7 180.6 186.3 182.2 183.3 184.8 186.3 187.7 189.1 8

 9 FL573061743 Agency- and GSE-backed securities 104.4 101.6 98.3 100.9 100.0 99.1 98.3 97.5 96.6 9

 10 FL573063043 Corporate and foreign bonds 513.0 533.3 551.2 537.9 542.3 546.7 551.2 556.8 561.0 10

 11 FL573065043 Loans (mortgages) 14.6 14.7 12.7 14.4 13.6 13.1 12.7 12.3 11.8 11

 12 LM573064143 Corporate equities 1165.0 1137.9 1008.5 1125.8 1094.3 981.2 1008.5 985.1 978.7 12

 13 LM573064243 Mutual fund shares 407.9 425.6 405.3 431.4 427.8 398.1 405.3 403.6 408.6 13

 14 FL573090045 Miscellaneous assets 594.7 674.3 887.7 698.0 751.0 909.3 887.7 925.4 940.6 14

 15 FL573095405 Unallocated insurance contracts (2) 60.8 59.8 53.7 59.9 58.1 54.1 53.7 51.3 49.3 15

 16 FL573074043 Contributions receivable 48.3 44.4 39.9 43.1 42.1 40.8 39.9 37.9 35.8 16

 17 FL573073005 Claims of pension fund on sponsor (3) 219.4 283.5 496.9 305.9 358.4 519.6 496.9 536.1 551.6 17

 18 FL573093043 Other 266.3 286.7 297.2 289.2 292.4 294.8 297.2 300.2 303.9 18

 19 FL574190043 Pension entitlements (liabilities) (4) 3131.4 3222.9 3306.9 3246.1 3268.1 3288.6 3306.9 3325.2 3343.5 19

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

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

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

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

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

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

 1 FL574090055 Total financial assets 5003.7 5239.1 5362.1 5473.6 5481.6 5196.1 5362.1 5429.4 5531.8 1

 2 FL573020033 Checkable deposits and currency 6.9 8.0 8.2 7.3 7.4 7.8 8.2 8.7 9.2 2

 3 FL573030033 Time and savings deposits 3.7 3.7 4.5 4.0 4.0 4.3 4.5 4.7 5.0 3

 4 FL573034055 Money market fund shares 119.1 117.6 113.3 109.8 110.8 113.4 113.3 115.3 117.3 4

 5 FL572051033 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FL574022035 Debt securities 324.0 331.1 355.0 337.2 340.9 349.3 355.0 359.3 364.4 6

 7 FL573069133 Open market paper 8.7 8.6 10.6 9.6 9.7 10.2 10.6 11.1 11.6 7

 8 FL573061133 Treasury securities 114.2 115.0 130.7 123.5 125.5 128.8 130.7 132.1 133.8 8

 9 FL573061733 Agency- and GSE-backed securities 61.1 61.5 56.0 55.9 55.1 55.8 56.0 56.1 56.2 9

 10 FL573063033 Corporate and foreign bonds 140.0 146.0 157.6 148.2 150.6 154.6 157.6 160.0 162.9 10

 11 FL573065033 Loans (mortgages) 7.8 9.3 8.6 8.3 8.4 8.5 8.6 8.7 8.9 11

 12 LM573064133 Corporate equities 1078.8 1146.4 1155.4 1188.2 1177.5 1090.3 1155.4 1163.5 1193.4 12

 13 LM573064255 Mutual fund shares 2599.6 2749.8 2811.5 2918.3 2930.5 2728.7 2811.5 2855.5 2909.0 13

 14 FL573090055 Miscellaneous assets 863.9 873.2 905.7 900.5 902.0 893.8 905.7 913.8 924.6 14

 15 FL573095505 Unallocated insurance contracts (2) 464.7 467.6 465.8 474.7 472.7 459.8 465.8 468.6 474.4 15

 16 FL573074033 Contributions receivable 30.7 31.7 31.9 31.6 31.7 31.9 31.9 32.0 32.3 16

 17 FL573093033 Other 368.5 374.0 408.1 394.2 397.6 402.1 408.1 413.1 417.9 17

 18 FL574090055 Pension entitlements (liabilities) 5003.7 5239.1 5362.1 5473.6 5481.6 5196.1 5362.1 5429.4 5531.8 18

(1) Includes 401(k) and 403(b) type plans.

(2) Assets of private pension plans held at life insurance companies; series begins 1985:Q4.
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L.119 Federal Government Employee Retirement Funds

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL344090005 Total financial assets (1) 3536.6 3656.1 3764.0 3687.3 3713.1 3720.6 3764.0 3791.5 3821.4 1

 2 FL344022005 Debt securities 1544.7 1631.2 1723.4 1523.0 1395.6 1303.8 1723.4 1714.7 1718.7 2

 3 FL343061105 Treasury securities (2) 1530.6 1617.7 1708.9 1509.3 1381.7 1289.3 1708.9 1700.2 1703.8 3

 4 FL343061705 Agency- and GSE-backed securities 6.4 5.9 6.1 6.0 6.1 6.0 6.1 6.1 6.3 4

 5 FL343063005 Corporate and foreign bonds 7.7 7.7 8.4 7.7 7.8 8.4 8.4 8.4 8.5 5

 6 LM343064105 Corporate equities 206.2 218.7 219.0 226.3 225.9 206.2 219.0 216.6 219.3 6

 7 FL343073005 Claims of pension fund on sponsor (misc. assets) (3) 1785.7 1806.2 1821.7 1937.9 2091.7 2210.6 1821.7 1860.2 1883.5 7

 8 FL344090005 Pension entitlements (liabilities) (4) 3536.6 3656.1 3764.0 3687.3 3713.1 3720.6 3764.0 3791.5 3821.4 8

 Memo:

 Funded status of defined benefit plans:

 9 FL344090045 Pension entitlements 3155.3 3244.2 3333.8 3265.8 3288.1 3310.1 3333.8 3357.2 3380.7 9

 10 FL342000075 Funded by assets (5) 1369.6 1438.0 1512.1 1388.8 1324.0 1299.4 1512.1 1497.0 1497.2 10

 11 FL343073045 Unfunded (line 7) 1785.7 1806.2 1821.7 1877.0 1964.1 2010.7 1821.7 1860.2 1883.5 11

 Total financial assets (6)

 12 FL344090045 Defined benefit plans 3155.3 3244.2 3333.8 3265.8 3288.1 3310.1 3333.8 3357.2 3380.7 12

 13 FL344090055 Defined contribution plans 381.3 411.9 430.2 421.4 425.0 410.5 430.2 434.3 440.7 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL344090045 Total financial assets (2) 3155.3 3244.2 3333.8 3265.8 3288.1 3310.1 3333.8 3357.2 3380.7 1

 2 FL344022045 Debt securities 1358.4 1427.5 1503.4 1378.4 1313.7 1291.0 1503.4 1488.4 1488.6 2

 3 FL343061165 Treasury securities (3) 1353.7 1422.6 1498.0 1373.7 1309.1 1285.5 1498.0 1483.1 1483.5 3

 4 FL343061733 Agency- and GSE-backed securities 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 4

 5 FL343063033 Corporate and foreign bonds 4.1 4.5 5.0 4.3 4.3 5.1 5.0 4.9 4.8 5

 6 LM343064133 Corporate equities 11.2 10.5 8.7 10.4 10.2 8.5 8.7 8.6 8.6 6

 7 FL343073045 Claims of pension fund on sponsor (misc. assets) (4) 1785.7 1806.2 1821.7 1877.0 1964.1 2010.7 1821.7 1860.2 1883.5 7

 8 FL344190045 Pension entitlements (liabilities) (5) 3155.3 3244.2 3333.8 3265.8 3288.1 3310.1 3333.8 3357.2 3380.7 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 FL344090025 Total financial assets 381.3 411.9 430.2 421.4 425.0 410.5 430.2 434.3 440.7 1

 2 FL344022025 Debt securities 186.3 203.8 220.0 144.6 81.8 12.8 220.0 226.3 230.0 2

 3 FL343061155 Treasury securities (2) 176.9 195.0 210.9 135.6 72.6 3.9 210.9 217.0 220.4 3

 4 FL343061723 Agency- and GSE-backed securities 5.9 5.5 5.7 5.6 5.7 5.6 5.7 5.7 6.0 4

 5 FL343063023 Corporate and foreign bonds 3.6 3.2 3.4 3.4 3.5 3.3 3.4 3.5 3.7 5

 6 LM343064123 Corporate equities 195.0 208.2 210.2 216.0 215.6 197.8 210.2 208.0 210.7 6

 7 FL343073053 Claims of pension fund on sponsor (misc. assets) (3) 0.0 0.0 0.0 60.9 127.6 199.9 0.0 0.0 0.0 7

 8 FL344090025 Pension entitlements (liabilities) 381.3 411.9 430.2 421.4 425.0 410.5 430.2 434.3 440.7 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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Z.1, September 16, 2016 99

L.120 State and Local Government Employee Retirement Funds

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL224090005 Total financial assets (1) 5337.1 5559.6 5820.3 5630.4 5695.8 5740.4 5820.3 5888.1 5960.4 1

 2 FL223020043 Checkable deposits and currency 4.1 4.4 4.5 4.5 4.6 4.5 4.5 4.2 4.3 2

 3 FL223030045 Time and savings deposits 34.7 37.9 38.1 38.4 39.0 38.4 38.1 36.4 36.5 3

 4 FL223034005 Money market fund shares 48.6 51.6 51.9 52.2 52.9 51.3 51.9 48.8 48.8 4

 5 FL222051043 Security repurchase agreements 3.3 3.6 3.6 3.6 3.7 3.6 3.6 3.4 3.4 5

 6 FL224022045 Debt securities 816.0 836.4 855.7 826.4 852.2 847.2 855.7 870.2 875.7 6

 7 FL223069143 Open market paper 37.8 41.3 41.5 41.9 42.5 41.9 41.5 39.6 39.7 7

 8 FL223061143 Treasury securities 188.3 181.3 174.8 176.4 178.0 173.5 174.8 175.6 173.9 8

 9 FL223061743 Agency- and GSE-backed securities 106.3 102.2 95.5 98.8 97.1 95.1 95.5 95.9 94.5 9

 10 FL223062043 Municipal securities 2.4 2.2 2.0 2.2 2.2 2.0 2.0 2.4 2.4 10

 11 FL223063045 Corporate and foreign bonds 481.2 509.3 541.9 507.1 532.4 534.6 541.9 556.7 565.2 11

 12 FL223065043 Loans (mortgages) 9.5 10.0 9.6 10.2 10.4 9.9 9.6 8.3 8.2 12

 13 LM223064145 Corporate equities 2172.1 2257.8 2157.2 2269.6 2243.0 2057.7 2157.2 2155.1 2154.7 13

 14 LM223064205 Mutual fund shares 505.9 540.5 548.0 564.2 575.4 532.3 548.0 551.2 566.3 14

 15 FL223090005 Miscellaneous assets 1743.0 1817.5 2151.8 1861.1 1914.7 2195.5 2151.8 2210.4 2262.4 15

 16 FL223095505 Unallocated insurance contracts (2) 150.7 144.9 146.4 146.8 147.3 143.0 146.4 146.2 148.2 16

 17 FL223073045 Claims of pension fund on sponsor (3) 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 17

 18 FL223093005 Other 154.8 168.7 173.0 172.5 176.4 174.1 173.0 165.2 166.8 18

 19 FL224190005 Pension entitlements (liabilities) (4) 5483.6 5715.5 5967.6 5786.0 5849.1 5886.4 5967.6 6035.6 6108.0 19

 Memo:

 Funded status of defined benefit plans:

 20 FL224190043 Pension entitlements 4986.9 5233.9 5496.0 5297.9 5362.9 5429.1 5496.0 5562.9 5629.8 20

 21 FL222000075 Funded by assets (5) 3549.4 3730.0 3663.7 3756.0 3771.9 3550.7 3663.7 3663.9 3682.3 21

 22 FL223073045 Unfunded (line 17) 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 22

 Total financial assets (6)

 23 FL224090045 Defined benefit plans 4840.4 5078.0 5348.6 5142.3 5209.6 5283.1 5348.6 5415.4 5482.2 23

 24 FL224090055 Defined contribution plans 496.7 481.6 471.6 488.1 486.2 457.3 471.6 472.7 478.1 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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100 Z.1, September 16, 2016

L.120.b State and Local Government Employee Retirement Funds: Defined Benefit Plans

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL224090045 Total financial assets (1) 4840.4 5078.0 5348.6 5142.3 5209.6 5283.1 5348.6 5415.4 5482.2 1

 2 FL223020043 Checkable deposits and currency 4.1 4.4 4.5 4.5 4.6 4.5 4.5 4.2 4.3 2

 3 FL223030045 Time and savings deposits 34.7 37.9 38.1 38.4 39.0 38.4 38.1 36.4 36.5 3

 4 FL223034043 Money market fund shares 41.5 45.3 45.6 45.9 46.6 45.9 45.6 43.5 43.6 4

 5 FL222051043 Security repurchase agreements 3.3 3.6 3.6 3.6 3.7 3.6 3.6 3.4 3.4 5

 6 FL224022045 Debt securities 816.0 836.4 855.7 826.4 852.2 847.2 855.7 870.2 875.7 6

 7 FL223069143 Open market paper 37.8 41.3 41.5 41.9 42.5 41.9 41.5 39.6 39.7 7

 8 FL223061143 Treasury securities 188.3 181.3 174.8 176.4 178.0 173.5 174.8 175.6 173.9 8

 9 FL223061743 Agency- and GSE-backed securities 106.3 102.2 95.5 98.8 97.1 95.1 95.5 95.9 94.5 9

 10 FL223062043 Municipal securities 2.4 2.2 2.0 2.2 2.2 2.0 2.0 2.4 2.4 10

 11 FL223063045 Corporate and foreign bonds 481.2 509.3 541.9 507.1 532.4 534.6 541.9 556.7 565.2 11

 12 FL223065043 Loans (mortgages) 9.5 10.0 9.6 10.2 10.4 9.9 9.6 8.3 8.2 12

 13 LM223064145 Corporate equities 2172.1 2257.8 2157.2 2269.6 2243.0 2057.7 2157.2 2155.1 2154.7 13

 14 LM223064243 Mutual fund shares 216.2 262.5 284.0 282.4 296.7 277.2 284.0 282.5 295.1 14

 15 FL223090045 Miscellaneous assets 1543.1 1620.1 1950.3 1661.2 1713.5 1998.5 1950.3 2011.7 2060.8 15

 16 FL223073045 Claims of pension fund on sponsor (2) 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 16

 17 FL223093043 Other 105.6 116.3 118.0 119.3 122.5 120.1 118.0 112.6 113.2 17

 18 FL224190043 Pension entitlements (liabilities) (3) 4986.9 5233.9 5496.0 5297.9 5362.9 5429.1 5496.0 5562.9 5629.8 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 FL224090055 Total financial assets 496.7 481.6 471.6 488.1 486.2 457.3 471.6 472.7 478.1 1

 2 FL223034055 Money market fund shares 7.1 6.3 6.3 6.2 6.3 5.3 6.3 5.3 5.2 2

 3 LM223064255 Mutual fund shares 289.7 277.9 263.9 281.9 278.7 255.1 263.9 268.6 271.2 3

 4 FL223090055 Miscellaneous assets 199.9 197.3 201.5 199.9 201.2 196.9 201.5 198.7 201.7 4

 5 FL223095505 Unallocated insurance contracts (misc. assets) (2) 150.7 144.9 146.4 146.8 147.3 143.0 146.4 146.2 148.2 5

 6 FL223093053 Other 49.2 52.5 55.0 53.2 53.9 53.9 55.0 52.5 53.5 6

 7 FL224090055 Pension entitlements (liabilities) 496.7 481.6 471.6 488.1 486.2 457.3 471.6 472.7 478.1 7

(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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL634090005 Total financial assets 2717.8 2724.6 2754.7 2644.7 2615.1 2667.7 2754.7 2758.8 2702.5 1

 2 FL633091003 Foreign deposits 34.3 24.5 11.1 20.5 22.5 12.6 11.1 17.6 12.9 2

 3 FL633020000 Checkable deposits and currency 13.5 -4.4 7.6 -10.0 3.3 1.7 7.6 7.3 13.3 3

 4 FL633030000 Time and savings deposits 503.0 523.4 445.0 524.0 519.1 485.0 445.0 493.0 429.9 4

 5 FL632051000 Security repurchase agreements 501.6 654.5 699.3 635.0 644.7 692.4 699.3 597.1 643.4 5

 6 FL634022005 Debt securities 1633.8 1509.6 1581.9 1458.3 1410.9 1463.1 1581.9 1631.5 1594.6 6

 7 FL633069175 Open market paper 357.9 338.6 298.8 347.0 341.7 338.0 298.8 333.4 276.6 7

 8 FL633061105 Treasury securities 496.1 419.0 482.9 441.0 404.1 391.4 482.9 545.5 517.6 8

 9 FL633061700 Agency- and GSE-backed securities 367.2 390.5 467.4 328.0 338.9 399.4 467.4 460.9 566.0 9

 10 FL633062000 Municipal securities 309.0 282.0 268.4 273.8 257.9 256.9 268.4 239.1 216.2 10

 11 FL633063003 Corporate and foreign bonds 103.7 79.5 64.4 68.6 68.3 77.4 64.4 52.7 18.3 11

 12 FL633093005 Miscellaneous assets 31.6 17.0 10.0 16.9 14.6 12.9 10.0 12.3 8.4 12

 13 FL634090005 Total shares outstanding (liabilities) 2717.8 2724.6 2754.7 2644.7 2615.1 2667.7 2754.7 2758.8 2702.5 13

 Memo:

 14 FL634090503 Variable annuity money market mutual funds included above 39.8 37.1 39.0 35.4 35.5 41.2 39.0 39.4 36.0 14

(1) Open-end investment companies including variable annuity money market mutual funds.

L.122 Mutual Funds (1)

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

 1 LM654090000 Total financial assets 12333.0 13150.6 12897.2 13519.9 13533.6 12605.7 12897.2 12962.1 13208.8 1

 2 FL652051003 Security repurchase agreements 84.2 94.1 81.7 92.8 88.6 82.9 81.7 86.8 85.1 2

 3 LM654022005 Debt securities 3630.3 3834.5 3834.2 3932.4 3922.1 3881.2 3834.2 3930.6 4061.1 3

 4 LM653069100 Open market paper 84.2 94.1 81.7 92.8 88.6 82.9 81.7 86.8 85.1 4

 5 LM653061105 Treasury securities 472.8 682.9 826.6 709.4 725.6 789.1 826.6 839.4 857.1 5

 6 LM653061703 Agency- and GSE-backed securities 873.6 689.8 584.9 707.9 674.6 627.0 584.9 605.7 613.4 6

 7 LM653062003 Municipal securities 529.6 586.6 603.7 598.9 591.0 593.2 603.7 628.8 669.0 7

 8 LM653063005 Corporate and foreign bonds 1670.0 1781.2 1737.3 1823.3 1842.4 1789.0 1737.3 1769.9 1836.5 8

 9 FL653069803 Loans (other loans and advances) 145.1 154.5 138.9 160.4 154.4 141.6 138.9 144.4 139.5 9

 10 LM653064100 Corporate equities 8227.3 8799.2 8625.3 9061.6 9118.1 8282.6 8625.3 8555.7 8620.7 10

 11 FL653093005 Miscellaneous assets 246.2 268.3 217.1 272.7 250.3 217.4 217.1 244.6 302.4 11

 12 LM654090000 Total shares outstanding (liabilities) 12333.0 13150.6 12897.2 13519.9 13533.6 12605.7 12897.2 12962.1 13208.8 12

 Memo:

 13 LM654090500 Variable annuity mutual funds included above 1632.0 1673.9 1598.6 1702.4 1683.1 1555.7 1598.6 1586.0 1599.5 13

 Total financial assets by investment objective:

 14 LM654091603 Domestic equity funds 5726.6 6232.9 6045.6 6385.1 6342.8 5790.3 6045.6 5998.1 6086.7 14

 15 LM654092603 World equity funds 2036.1 2081.4 2102.6 2192.3 2258.6 2043.2 2102.6 2118.9 2117.5 15

 16 LM654091403 Hybrid funds 1285.0 1376.6 1336.6 1406.3 1413.4 1323.8 1336.6 1344.0 1375.0 16

 17 LM654091303 Taxable bond funds 2786.0 2893.2 2819.0 2956.7 2947.5 2872.9 2819.0 2885.3 2980.0 17

 18 LM654091203 Municipal bond funds 499.3 566.5 593.4 579.5 571.3 575.6 593.4 615.7 649.6 18

(1) Open-end investment companies including variable annuity mutual funds.
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L.123 Closed-End Funds

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 LM554090005 Total financial assets 279.3 289.2 260.8 289.3 283.2 264.6 260.8 259.4 265.6 1

 2 LM554022005 Debt securities 165.1 169.9 161.1 170.7 167.3 163.2 161.1 161.8 164.0 2

 3 LM553061103 Treasury securities 6.4 6.4 5.8 6.4 6.2 6.1 5.8 5.8 4.2 3

 4 LM553062003 Municipal securities 82.9 90.2 89.5 90.3 87.9 88.5 89.5 90.7 93.2 4

 5 LM553063003 Corporate and foreign bonds 75.9 73.3 65.8 74.1 73.1 68.7 65.8 65.3 66.6 5

 6 LM553064103 Corporate equities 114.2 119.3 99.7 118.6 115.9 101.4 99.7 97.6 101.6 6

 7 LM554090005 Total shares outstanding (liabilities) 279.3 289.2 260.8 289.3 283.2 264.6 260.8 259.4 265.6 7

 Memo:

 Total financial assets by investment objective:

 8 LM554091603 Domestic equity funds 81.8 89.0 72.1 87.7 84.6 73.5 72.1 70.5 74.2 8

 9 LM554092603 World equity funds 32.4 30.4 27.5 30.9 31.3 27.8 27.5 27.1 27.4 9

 10 LM554091303 Domestic taxable bond funds 58.5 56.8 51.7 57.7 56.9 54.0 51.7 51.2 50.7 10

 11 LM554091203 Municipal bond funds 82.9 90.2 89.5 90.3 87.9 88.5 89.5 90.7 93.2 11

 12 LM554092303 World bond funds 23.8 22.9 19.9 22.8 22.5 20.8 19.9 19.9 20.1 12

L.124 Exchange-Traded Funds

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

 1 LM564090005 Total financial assets 1674.6 1974.4 2100.4 2063.0 2082.9 1955.6 2100.4 2154.8 2225.0 1

 2 LM564022005 Debt securities 246.3 297.4 341.6 319.3 315.7 334.5 341.6 381.3 401.7 2

 3 LM563061103 Treasury securities 55.7 67.5 80.3 70.8 70.8 85.3 80.3 92.3 92.9 3

 4 LM563062003 Municipal securities 11.4 15.1 19.1 16.6 16.8 17.5 19.1 21.0 23.1 4

 5 LM563063003 Corporate and foreign bonds 179.3 214.8 242.2 231.9 228.1 231.7 242.2 268.0 285.7 5

 6 LM563064103 Corporate equities 1364.2 1620.0 1709.5 1683.3 1709.3 1568.4 1709.5 1709.8 1746.7 6

 7 LM563093003 Miscelaneous assets (1) 64.0 57.0 49.3 60.4 57.9 52.7 49.3 63.6 76.6 7

 8 LM564090005 Total shares outstanding (liabilities) 1674.6 1974.4 2100.4 2063.0 2082.9 1955.6 2100.4 2154.8 2225.0 8

 Memo:

 Total financial assets by investment objective:

 9 LM564091603 Domestic equity funds 964.4 1203.2 1232.5 1208.5 1193.0 1121.2 1232.5 1240.2 1282.0 9

 10 LM564092603 World equity funds 398.8 414.8 474.6 472.5 513.9 444.9 474.6 467.1 464.7 10

 11 LM563093003 Commodity funds (1) 64.0 57.0 49.3 60.4 57.9 52.7 49.3 63.6 76.6 11

 12 LM564091403 Hybrid funds 1.5 3.0 3.7 3.4 3.7 3.6 3.7 3.9 4.3 12

 13 LM564091303 Taxable bond funds 234.5 281.3 321.2 301.6 297.6 315.6 321.2 358.9 378.6 13

 14 LM564091203 Municipal bond funds 11.4 15.1 19.1 16.6 16.8 17.5 19.1 21.0 23.1 14

(1) Investments primarily in commodities, currencies, and futures.
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L.125 Government-Sponsored Enterprises (GSEs) (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL404090005 Total financial assets 6361.3 6399.9 6487.7 6353.5 6380.8 6407.3 6487.7 6456.9 6568.0 1

 2 FL403020005 Checkable deposits and currency 81.6 65.0 41.0 53.4 41.1 47.4 41.0 34.7 43.6 2

 3 FL403030005 Time and savings deposits 5.4 3.3 2.5 1.9 2.8 2.7 2.5 3.3 4.1 3

 4 FL402050005 Federal funds and security repos 152.3 162.6 182.9 158.2 141.0 149.0 182.9 159.9 164.8 4

 5 FL404022005 Debt securities 491.1 472.1 446.9 465.7 448.7 442.7 446.9 443.8 456.4 5

 6 FL403069105 Open market paper 4.4 6.0 5.5 5.6 5.6 5.0 5.5 5.5 5.6 6

 7 FL403061105 Treasury securities 59.1 64.3 87.5 71.8 70.8 77.6 87.5 90.9 90.5 7

 8 FL403061705 Agency- and GSE-backed securities 287.9 295.7 281.4 292.6 285.8 281.4 281.4 282.7 299.5 8

 9 FL403062005 Municipal securities 13.4 10.8 8.2 9.9 9.1 8.7 8.2 7.5 7.5 9

 10 FL403063005 Corporate and foreign bonds 126.3 95.4 64.3 85.8 77.5 69.8 64.3 57.2 53.3 10

 11 FL404023005 Loans 5465.3 5542.3 5666.3 5509.6 5580.9 5611.4 5666.3 5659.1 5735.1 11

 12 FL403069305 Other loans and advances 587.5 671.8 746.2 641.6 694.7 696.5 746.2 730.1 804.3 12

 13 FL403069385 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL403069345 Farm Credit System 95.0 106.1 115.0 105.0 106.6 110.3 115.0 116.3 119.4 14

 15 FL403069330 FHLB 492.6 565.7 631.2 536.6 588.2 586.2 631.2 613.8 685.0 15

 16 FL403065005 Mortgages 4877.8 4870.5 4920.1 4868.0 4886.2 4914.8 4920.1 4929.0 4930.7 16

 17 FL403065105 Home 4546.4 4537.9 4568.7 4528.3 4540.2 4568.4 4568.7 4574.7 4574.9 17

 18 FL403065195 Consolidated trusts (2) 4087.7 4104.2 4171.8 4098.9 4120.5 4162.0 4171.8 4180.6 4186.3 18

 19 FL403065185 Other 458.6 433.6 396.9 429.4 419.7 406.4 396.9 394.1 388.6 19

 20 FL403065405 Multifamily residential 243.5 240.8 256.9 247.1 252.8 252.8 256.9 259.1 259.8 20

 21 FL403065495 Consolidated trusts (2) 146.3 164.1 185.3 170.3 179.3 181.5 185.3 193.2 199.0 21

 22 FL403065485 Other 97.2 76.7 71.6 76.8 73.5 71.2 71.6 65.8 60.8 22

 23 FL403065605 Farm 87.9 91.8 94.5 92.6 93.2 93.7 94.5 95.2 96.1 23

 24 FL403066005 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 FL403093005 Miscellaneous assets 165.6 154.7 148.2 164.7 166.3 154.2 148.2 156.1 164.0 25

 26 FL404190005 Total liabilities 6314.9 6386.6 6475.4 6344.7 6362.9 6399.6 6475.4 6455.1 6561.1 26

 27 FL402150005 Federal funds and security repos 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 27

 28 FL403161705 Debt securities (GSE issues) (4) 6200.2 6275.5 6369.0 6234.6 6258.0 6293.5 6369.0 6350.1 6455.5 28

 29 FL403161795 Consolidated trusts (2) 4234.0 4268.3 4357.0 4269.2 4299.8 4343.5 4357.0 4373.9 4385.3 29

 30 FL403161785 Other 1966.2 2007.2 2012.0 1965.4 1958.2 1950.0 2012.0 1976.2 2070.2 30

 31 FL403169283 Loans (U.S. government loans) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FL403190005 Miscellaneous liabilities 114.7 111.0 106.5 110.0 104.9 106.0 106.5 105.0 105.5 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.126) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets (L.125).

(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.126 Agency- and GSE-Backed Mortgage Pools (1)

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

 1 FL413065005 Total financial assets 1573.5 1648.5 1775.5 1646.2 1677.2 1729.5 1775.5 1803.9 1844.0 1

 2 FL413065105 Home mortgages 1423.9 1474.8 1568.8 1468.9 1491.1 1536.5 1568.8 1587.7 1614.8 2

 3 FL413065405 Multifamily residential mortgages 147.8 172.1 204.3 175.7 184.6 190.6 204.3 213.4 226.5 3

 4 FL413065505 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL413065605 Farm mortgages 1.8 1.6 2.3 1.6 1.6 2.4 2.3 2.7 2.7 5

 6 FL413065005 Total pool securities (liabilities)(2) 1573.5 1648.5 1775.5 1646.2 1677.2 1729.5 1775.5 1803.9 1844.0 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.126) are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (L.125). 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.127 Issuers of Asset-Backed Securities (ABS)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL674090005 Total financial assets 1513.3 1428.2 1345.1 1429.3 1417.0 1369.3 1345.1 1325.0 1285.3 1

 2 FL674022005 Debt securites 21.8 27.3 28.2 28.0 29.0 28.7 28.2 27.2 24.9 2

 3 FL673061103 Treasury securities 21.7 27.2 28.2 27.9 28.9 28.6 28.2 27.2 24.9 3

 4 FL673061703 Agency- and GSE-backed securities (1) 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.0 4

 5 FL674023005 Loans 1394.6 1299.2 1210.9 1297.8 1285.4 1241.6 1210.9 1191.3 1152.3 5

 6 FL673069005 Other loans and advances 150.2 159.3 158.3 170.6 167.0 159.2 158.3 174.0 162.4 6

 7 FL673065005 Mortgages (2) 1195.3 1090.1 1006.6 1079.1 1067.1 1034.3 1006.6 972.4 940.6 7

 8 FL673065105 Home 787.3 695.6 593.0 676.1 649.0 618.0 593.0 581.7 558.2 8

 9 FL673065405 Multifamily residential 70.8 68.4 62.0 68.8 66.2 63.3 62.0 57.0 55.3 9

 10 FL673065505 Commercial 337.1 326.1 351.5 334.1 351.9 353.0 351.5 333.7 327.2 10

 11 FL673066000 Consumer credit 49.1 49.8 46.0 48.2 51.2 48.0 46.0 44.8 49.2 11

 12 FL673070003 Trade credit 35.7 31.3 34.1 31.5 32.2 31.7 34.1 35.5 35.1 12

 13 FL673090543 Miscellaneous assets (funding agreements) (3) 61.1 70.4 71.9 71.9 70.4 67.4 71.9 71.0 73.0 13

 14 FL674122005 Total liabilities 1513.3 1428.2 1345.1 1429.3 1417.0 1369.3 1345.1 1325.0 1285.3 14

 15 FL674122005 Debt securities 1513.3 1428.2 1345.1 1429.3 1417.0 1369.3 1345.1 1325.0 1285.3 15

 16 FL673169105 Commercial paper 79.9 64.8 57.5 64.4 70.0 58.1 57.5 67.0 65.3 16

 17 FL673163005 Corporate bonds (net) (4) 1433.4 1363.5 1287.7 1364.9 1346.9 1311.3 1287.7 1258.0 1220.0 17

 Memo:

 Securitized assets not included above

 18 FL675013013 Consumer leases (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

 19 FL643065045 REIT assets (6) 160.1 172.5 143.0 166.6 154.4 150.3 143.0 149.8 146.0 19

 Securitized liabilities not included above

 20 FL763169103 Commercial paper (7) 59.7 54.5 53.6 49.0 50.1 51.1 53.6 56.6 55.5 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.129.

(7) Included on table L.111 line 45.
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L.128 Finance Companies (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL614090005 Total financial assets 1472.8 1501.4 1480.8 1502.6 1483.0 1481.6 1480.8 1458.6 1405.2 1

 2 FL613020003 Checkable deposits and currency 32.1 31.9 32.4 32.4 33.2 34.1 32.4 36.5 24.5 2

 3 FL613030003 Time and savings deposits 96.2 95.7 97.3 97.1 99.7 102.2 97.3 109.6 73.6 3

 4 FL613063003 Debt securities (corporate and foreign bonds) 67.9 73.9 80.0 76.1 79.6 78.3 80.0 78.5 85.3 4

 5 FL614023005 Loans 1237.5 1243.7 1226.3 1234.7 1232.3 1239.9 1226.3 1196.5 1189.5 5

 6 FL613069500 Other loans and advances 401.3 411.5 425.1 412.3 416.3 422.8 425.1 410.1 410.5 6

 7 FL613065000 Mortgages 157.0 148.1 119.5 144.9 134.0 127.9 119.5 116.9 111.8 7

 8 FL613066005 Consumer credit 679.1 684.1 681.7 677.5 682.1 689.3 681.7 669.4 667.2 8

 9 FL613092003 U.S. direct investment abroad 223.3 228.0 232.8 234.4 237.7 239.7 232.8 236.9 261.2 9

 10 FL613090005 Miscellaneous assets -184.2 -171.9 -188.0 -172.0 -199.5 -212.6 -188.0 -199.4 -229.0 10

 11 FL614190005 Total liabilities 1424.0 1438.1 1422.8 1450.3 1430.1 1431.4 1422.8 1395.7 1344.4 11

 12 FL614122005 Debt securities 1078.3 1080.3 1071.5 1090.0 1070.4 1076.2 1071.5 1070.3 1034.0 12

 13 FL613169100 Open market paper 118.8 117.8 113.3 113.8 121.0 120.9 113.3 117.6 121.6 13

 14 FL613163005 Corporate bonds 959.5 962.6 958.2 976.2 949.4 955.3 958.2 952.7 912.5 14

 15 FL614123005 Loans 131.0 141.2 156.5 144.3 151.7 153.2 156.5 155.7 155.9 15

 16 FL613168000 Depository institution loans n.e.c. 128.6 139.1 152.9 142.2 149.6 150.4 152.9 152.0 152.3 16

 17 FL613169005 Other loans and advances 2.3 2.1 3.7 2.1 2.1 2.9 3.7 3.7 3.7 17

 18 FL613178003 Taxes payable 6.8 7.8 8.4 8.2 8.4 8.5 8.4 8.0 7.5 18

 19 FL613192003 Foreign direct investment in U.S. 73.4 82.7 63.8 84.3 83.1 75.2 63.8 64.5 65.5 19

 20 FL613190005 Miscellaneous liabilities 134.5 126.1 122.6 123.5 116.5 118.2 122.6 97.3 81.4 20

 21 FL613194003 Investment by parent 161.8 162.7 156.1 159.6 153.1 152.5 156.1 146.7 147.0 21

 22 FL613193005 Other -27.2 -36.6 -33.4 -36.1 -36.6 -34.3 -33.4 -49.4 -65.6 22

 Memo:

 23 FL613066303 Consumer leases not included above (2) 167.3 188.9 212.5 193.3 199.2 206.9 212.5 217.7 223.6 23

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (5), table L.127.
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L.129 Real Estate Investment Trusts (REITs) (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL644090005 Total financial assets 662.6 724.7 658.8 721.1 702.0 690.8 658.8 676.1 685.2 1

 2 FL643020005 Checkable deposits and currency 34.3 38.5 35.7 38.6 34.7 38.8 35.7 37.4 41.6 2

 3 FL644022005 Debt securities 304.4 312.0 267.3 308.3 287.7 280.4 267.3 266.5 266.0 3

 4 FL643061773 Agency- and GSE-backed securities 269.3 277.8 228.1 269.4 248.4 241.1 228.1 227.6 225.7 4

 5 FL643063005 Corporate and foreign bonds 35.1 34.2 39.2 38.9 39.3 39.3 39.2 38.9 40.4 5

 6 FL643065005 Loans (mortgages) 214.7 247.3 217.7 240.7 241.7 230.4 217.7 228.3 226.3 6

 7 FL643065105 Home 31.3 44.0 46.1 43.0 49.2 48.1 46.1 47.5 50.2 7

 8 FL643065405 Multifamily residential 4.1 5.1 4.8 4.7 4.6 4.9 4.8 4.9 4.8 8

 9 FL643065505 Commercial 179.3 198.2 166.8 193.1 187.9 177.4 166.8 175.8 171.4 9

 10 FL643090005 Miscellaneous assets 109.2 126.9 138.1 133.5 137.9 141.2 138.1 143.8 151.3 10

 11 FL644190005 Total liabilities 926.2 1021.5 995.5 1026.8 1024.5 1026.3 995.5 1014.0 1021.1 11

 12 FL642151073 Security repurchase agreements 255.5 265.5 220.0 262.3 249.0 229.1 220.0 220.2 217.2 12

 13 FL644122005 Debt securities 355.5 403.3 395.5 403.5 401.3 398.3 395.5 415.7 426.4 13

 14 FL643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FL643163005 Corporate bonds 355.5 403.3 395.5 403.5 401.3 398.3 395.5 415.7 426.4 15

 16 FL644123005 Loans 241.1 270.4 299.6 279.7 291.2 305.7 299.6 293.1 285.0 16

 17 FL643168005 Depository institution loans n.e.c. 25.9 33.1 40.4 37.0 42.7 44.3 40.4 38.8 36.0 17

 18 FL643169373 Other loans and advances 1.0 5.9 23.8 7.2 9.7 18.9 23.8 19.7 19.1 18

 19 FL643165005 Mortgages 214.3 231.4 235.4 235.5 238.8 242.4 235.4 234.6 229.9 19

 20 FL643193005 Miscellaneous liabilities 74.1 82.3 80.4 81.3 82.9 93.3 80.4 85.1 92.5 20

 Memo:

 21 FL643065045 Securitized assets included above 160.1 172.5 143.0 166.6 154.4 150.3 143.0 149.8 146.0 21

 22 FL643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL643065143 Home mortgages 19.9 23.1 33.1 23.8 26.6 32.4 33.1 30.1 31.9 23

 24 FL643065443 Multifamily residential mortgages 3.0 3.3 3.1 2.8 2.7 3.1 3.1 3.1 3.2 24

 25 FL643065543 Commercial mortgages 137.3 146.2 106.8 140.0 125.2 114.8 106.8 116.6 110.9 25

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on tables L.129.e and L.129.m.
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L.129.e Equity Real Estate Investment Trusts

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL644090085 Total financial assets 136.8 157.2 163.6 164.8 162.9 169.4 163.6 167.7 178.4 1

 2 FL643020083 Checkable deposits and currency 23.4 26.3 24.1 25.8 22.6 25.4 24.1 24.5 27.7 2

 3 FL643063083 Debt securities (corporate and foreign bonds) 4.8 5.2 4.8 6.0 4.8 5.1 4.8 4.6 4.8 3

 4 FL643065085 Loans (mortgages) 22.8 25.4 25.5 25.5 25.9 26.4 25.5 24.3 25.4 4

 5 FL643065183 Home 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2 0.2 5

 6 FL643065483 Multifamily residential 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 6

 7 FL643065583 Commercial 22.3 24.9 24.9 25.0 25.4 25.9 24.9 23.7 24.7 7

 8 FL643093085 Miscellaneous assets 85.9 100.2 109.2 107.5 109.6 112.5 109.2 114.3 120.4 8

 9 FL644190085 Total liabilities 478.8 538.7 583.9 554.7 573.3 591.1 583.9 587.4 596.4 9

 10 FL643163083 Debt securities (corporate bonds) 183.2 212.5 243.0 219.7 227.9 237.6 243.0 249.5 262.2 10

 11 FL644123085 Loans 238.0 261.4 272.5 269.7 278.0 283.3 272.5 270.7 261.7 11

 12 FL643168083 Depository institution loans n.e.c. 23.8 30.0 37.1 34.2 39.2 40.9 37.1 36.1 31.7 12

 13 FL643165005 Mortgages 214.3 231.4 235.4 235.5 238.8 242.4 235.4 234.6 229.9 13

 14 FL643165483 Multifamily residential 29.7 31.1 30.8 31.8 32.6 32.1 30.8 30.8 31.4 14

 15 FL643165583 Commercial 184.6 200.4 204.7 203.7 206.2 210.3 204.7 203.8 198.6 15

 16 FL643193085 Miscellaneous liabilities 57.6 64.8 68.4 65.3 67.3 70.1 68.4 67.2 72.6 16

L.129.m Mortgage Real Estate Investment Trusts

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

 1 FL644090075 Total financial assets 525.8 567.5 495.2 556.3 539.1 521.4 495.2 508.3 506.8 1

 2 FL643020073 Checkable deposits and currency 10.9 12.2 11.6 12.8 12.1 13.4 11.6 13.0 13.8 2

 3 FL644022075 Debt securities 299.6 306.8 262.5 302.4 282.9 275.3 262.5 261.9 261.2 3

 4 FL643061773 Agency- and GSE-backed securities 269.3 277.8 228.1 269.4 248.4 241.1 228.1 227.6 225.7 4

 5 FL643063073 Corporate and foreign bonds 30.3 29.0 34.4 33.0 34.5 34.2 34.4 34.2 35.6 5

 6 FL643065075 Loans (mortgages) 191.9 221.9 192.2 215.2 215.8 204.0 192.2 204.0 200.9 6

 7 FL643065173 Home 31.1 43.8 45.9 42.7 49.0 47.8 45.9 47.3 49.9 7

 8 FL643065473 Multifamily residential 3.8 4.8 4.5 4.4 4.3 4.6 4.5 4.6 4.3 8

 9 FL643065573 Commercial 157.0 173.2 141.8 168.1 162.5 151.5 141.8 152.1 146.7 9

 10 FL643090075 Miscellaneous assets 23.3 26.7 28.8 25.9 28.2 28.7 28.8 29.5 30.9 10

 11 FL644190075 Total liabilities 447.4 482.8 411.6 472.1 451.2 435.2 411.6 426.6 424.7 11

 12 FL642151073 Security repurchase agreements 255.5 265.5 220.0 262.3 249.0 229.1 220.0 220.2 217.2 12

 13 FL644122075 Debt securities 172.2 190.8 152.5 183.8 173.4 160.7 152.5 166.2 164.2 13

 14 FL643169173 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FL643163075 Corporate bonds 172.2 190.8 152.5 183.8 173.4 160.7 152.5 166.2 164.2 15

 16 FL644123075 Loans 3.1 9.0 27.1 10.0 13.2 22.3 27.1 22.4 23.3 16

 17 FL643168073 Depository institution loans n.e.c. 2.1 3.1 3.3 2.8 3.5 3.4 3.3 2.6 4.2 17

 18 FL643169373 Other loans and advances 1.0 5.9 23.8 7.2 9.7 18.9 23.8 19.7 19.1 18

 19 FL643193075 Miscellaneous liabilities 16.5 17.5 12.0 16.0 15.5 23.1 12.0 17.8 20.0 19

 Memo:

 20 FL643065045 Securitized assets included above 160.1 172.5 143.0 166.6 154.4 150.3 143.0 149.8 146.0 20

 21 FL643061743 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FL643065143 Home mortgages 19.9 23.1 33.1 23.8 26.6 32.4 33.1 30.1 31.9 22

 23 FL643065443 Multifamily residential mortgages 3.0 3.3 3.1 2.8 2.7 3.1 3.1 3.1 3.2 23

 24 FL643065543 Commercial mortgages 137.3 146.2 106.8 140.0 125.2 114.8 106.8 116.6 110.9 24
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L.130 Security Brokers and Dealers

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL664090005 Total financial assets 3408.4 3254.7 3044.0 3236.5 3194.6 3200.6 3044.0 3050.7 3116.5 1

 2 FL663020003 Checkable deposits and currency 111.7 111.8 106.1 117.7 114.1 115.6 106.1 110.9 114.0 2

 3 FL662051003 Security repurchase agreements 1321.0 1152.7 1133.3 1138.8 1171.2 1243.6 1133.3 1115.3 1197.4 3

 4 FL664022005 Debt securities 426.4 337.3 300.6 344.8 318.9 308.1 300.6 295.3 320.6 4

 5 FL663069103 Open market paper 28.7 20.8 19.5 21.7 19.6 19.5 19.5 20.3 17.0 5

 6 FL663061105 Treasury securities 136.0 60.2 65.3 63.7 43.6 53.6 65.3 90.8 87.7 6

 7 FL663061703 Agency- and GSE-backed securities 114.2 121.9 109.7 124.3 125.5 122.8 109.7 102.6 122.2 7

 8 FL663062003 Municipal securities 18.6 18.9 14.0 20.6 19.0 15.9 14.0 18.8 19.7 8

 9 FL663063005 Corporate and foreign bonds 128.9 115.5 92.1 114.5 111.2 96.4 92.1 62.9 74.1 9

 10 FL663069005 Loans (other loans and advances) 389.6 428.2 338.1 407.0 415.6 341.3 338.1 322.2 327.1 10

 11 LM663064103 Corporate equities 172.4 187.8 166.8 162.9 164.2 143.3 166.8 136.8 141.6 11

 12 FL663092003 U.S. direct investment abroad 157.8 171.0 183.7 172.5 177.3 179.7 183.7 188.4 191.6 12

 13 FL663090005 Miscellaneous assets 829.5 866.0 815.6 892.9 833.3 869.0 815.6 881.8 824.2 13

 14 FL664190005 Total liabilities 3331.7 3176.1 2988.1 3159.6 3121.7 3130.0 2988.1 3009.4 3076.8 14

 15 FL662151003 Security repurchase agreements 1768.6 1547.7 1368.3 1535.3 1480.3 1493.7 1368.3 1366.1 1423.0 15

 16 FL663163003 Debt securities (corporate bonds) 112.4 123.9 131.3 107.4 135.8 135.4 131.3 119.5 111.0 16

 17 FL664123005 Loans 897.1 962.5 913.2 964.4 939.0 934.9 913.2 952.3 964.4 17

 18 FL663168005 Depository institution loans n.e.c. (1) 81.6 93.5 92.5 93.9 95.4 90.2 92.5 92.3 100.6 18

 19 FL153067005 Other loans and advances 815.5 869.0 820.6 870.5 843.6 844.6 820.6 860.1 863.8 19

 20 FL663170003 Trade payables 14.5 17.9 26.3 19.2 23.6 24.2 26.3 25.3 26.9 20

 21 FL663178003 Taxes payable 3.7 4.0 3.2 4.9 4.2 4.1 3.2 4.1 3.5 21

 22 FL663192003 Foreign direct investment in U.S. 126.7 131.2 155.0 133.1 137.1 144.3 155.0 172.1 175.5 22

 23 FL663190005 Miscellaneous liabilities 408.7 388.8 390.8 395.3 401.7 393.4 390.8 370.0 372.5 23

 24 FL663194005 Investment by parent companies 1671.8 1699.7 1662.2 1708.4 1748.3 1766.4 1662.2 1712.5 1660.8 24

 25 FL663193005 Other -1263.1 -1310.9 -1271.4 -1313.1 -1346.6 -1373.0 -1271.4 -1342.5 -1288.3 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.131 Holding Companies (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL734090005 Total financial assets 4299.6 4390.8 3955.9 4360.3 4398.2 4349.4 3955.9 4016.1 4031.9 1

 2 FL733030003 Time and savings deposits 35.9 27.0 19.1 33.8 36.0 26.9 19.1 19.6 17.0 2

 3 FL732051003 Security repurchase agreements 7.7 2.5 2.1 5.8 7.6 4.0 2.1 3.0 3.2 3

 4 FL734022605 Debt securities 76.1 76.0 55.3 70.5 70.9 75.4 55.3 52.8 55.0 4

 5 FL733061103 Treasury securities 16.6 13.9 10.2 10.2 8.9 12.9 10.2 10.0 9.0 5

 6 FL733061703 Agency- and GSE-backed securities 28.0 28.0 23.7 31.0 29.6 30.3 23.7 21.7 23.1 6

 7 FL733063003 Corporate and foreign bonds 31.5 34.1 21.5 29.2 32.4 32.1 21.5 21.1 22.9 7

 8 FL733069005 Loans (other loans and advances) 75.7 64.8 24.0 62.3 55.1 37.7 24.0 23.2 22.0 8

 9 FL733040005 Life insurance reserves 39.9 45.0 49.0 46.0 47.0 48.0 49.0 50.0 51.0 9

 10 FL733090005 Miscellaneous assets 4064.3 4175.5 3806.4 4141.9 4181.6 4157.5 3806.4 3867.5 3883.7 10

 11 FL763194735 Net trans. with depository subs. 1937.2 2133.2 2169.7 2112.8 2140.2 2158.6 2169.7 2206.6 2278.6 11

 12 FL513194733 Net trans. with property-casualty ins. co. subs. 5.2 5.3 4.5 3.9 4.6 4.8 4.5 4.0 4.4 12

 13 FL543194733 Net trans. with life insurance company subs. 10.7 11.5 12.0 11.8 11.8 12.1 12.0 12.9 13.7 13

 14 FL613194733 Net trans. with finance company subs. 75.4 62.2 59.7 61.1 58.6 58.3 59.7 56.1 56.2 14

 15 FL663194735 Net trans. with broker and dealer subs. 1087.6 1092.4 1018.3 1075.6 1129.6 1133.5 1018.3 1040.5 974.1 15

 16 FL263194735 Net trans. with foreign subs. 97.9 83.3 92.1 92.0 82.8 97.1 92.1 93.9 110.4 16

 17 FL733093005 Other 850.3 787.6 450.1 784.8 753.9 693.1 450.1 453.4 446.3 17

 18 FL734190005 Total liabilities 2142.1 2102.6 1621.8 2079.5 2066.3 1990.1 1621.8 1651.0 1662.4 18

 19 FL732151003 Security repurchase agreements 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 19

 20 FL734122005 Debt securities 1192.1 1200.1 1057.2 1188.8 1192.6 1181.5 1057.2 1087.5 1108.6 20

 21 FL733169103 Commercial paper 96.6 77.0 5.7 70.0 56.3 16.0 5.7 5.6 4.6 21

 22 FL733163003 Corporate bonds 1095.6 1123.2 1051.6 1118.8 1136.3 1165.5 1051.6 1082.0 1104.0 22

 23 FL733168003 Loans (depository institution loans n.e.c.) 210.6 194.2 155.6 191.8 187.6 178.8 155.6 160.3 155.4 23

 24 FL733193005 Miscellaneous liabilities 739.4 708.2 408.9 699.0 686.0 629.6 408.9 403.0 398.3 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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110 Z.1, September 16, 2016

L.132 Funding Corporations (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL504090005 Total financial assets 1284.9 1298.1 1449.8 1360.9 1385.3 1449.0 1449.8 1588.3 1618.2 1

 2 FL503034003 Money market fund shares 396.8 410.3 447.6 447.2 430.5 443.5 447.6 481.6 470.3 2

 3 FL502051003 Security repurchase agreements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 FL504022005 Debt securities 169.8 165.2 240.0 173.0 214.8 251.0 240.0 290.3 326.8 4

 5 FL503069105 Open market paper 100.1 90.8 166.9 95.1 142.2 173.9 166.9 209.4 252.6 5

 6 FL503063005 Corporate and foreign bonds 69.7 74.4 73.0 77.9 72.7 77.1 73.0 80.9 74.3 6

 7 FL503069805 Loans (other loans and advances) 10.6 12.1 12.9 11.6 12.2 13.1 12.9 17.3 19.5 7

 8 FL503064105 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL503094505 Miscellaneous assets 707.8 710.6 749.3 729.1 727.8 741.3 749.3 799.2 801.6 9

 10 FL753194503 Investment in foreign banking offices 123.5 103.2 105.4 96.2 109.1 108.4 105.4 127.1 114.9 10

 11 FL663194505 Investment in brokers and dealers 584.3 607.4 643.9 632.9 618.7 632.9 643.9 672.0 686.7 11

 12 FL504190005 Total liabilities 1284.9 1298.1 1449.8 1360.9 1385.3 1449.0 1449.8 1588.3 1618.2 12

 13 FL504122005 Debt securities 618.2 644.0 711.5 671.3 674.5 705.1 711.5 763.2 771.4 13

 14 FL503169105 Open market paper 45.2 48.9 90.1 51.3 74.5 96.2 90.1 121.6 112.8 14

 15 FL503163005 Corporate bonds 572.9 595.1 621.4 620.0 600.1 608.9 621.4 641.7 658.5 15

 16 FL504123005 Loans 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 16

 17 FL713068505 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 FL503169205 Other loans and advances (4) 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 18

 19 FL503192003 Foreign direct investment in U.S. 13.2 13.8 14.4 14.0 14.1 14.3 14.4 14.6 14.7 19

 20 FL503190005 Miscellaneous liabilities 651.2 638.0 721.6 673.2 694.3 727.3 721.6 808.2 829.8 20

 21 FL663097005 Securities loaned (net) 673.5 720.6 706.8 755.4 703.1 747.5 706.8 785.7 719.0 21

 22 FL503194305 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL503193005 Other (net) -22.3 -82.7 14.7 -82.2 -8.8 -20.2 14.7 22.5 110.7 23

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
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Z.1, September 16, 2016 111

L.133 Rest of the World

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL264090005 Total financial assets 21097.5 22973.9 22775.5 23324.2 23330.1 22756.4 22775.5 23112.4 23476.9 1

 2 FL313111303 SDR allocations 54.4 51.2 48.9 48.7 49.7 49.6 48.9 49.8 49.4 2

 3 FL264016005 Net interbank assets 414.2 445.2 354.4 442.4 412.5 393.6 354.4 305.1 335.6 3

 4 FL263020005 U.S. checkable deposits and currency 591.3 674.1 705.1 690.8 687.9 693.0 705.1 724.9 738.4 4

 5 FL263030005 U.S. time deposits 445.1 499.1 476.1 506.2 491.3 473.9 476.1 493.0 516.8 5

 6 FL263034003 Money market fund shares 108.2 113.2 114.5 109.9 108.7 110.9 114.5 114.7 112.3 6

 7 FL262051003 Security repurchase agreements 705.4 811.0 667.6 799.9 730.2 749.8 667.6 705.5 750.4 7

 8 FL264022005 Debt securities 9586.9 10172.2 10358.7 10306.5 10414.2 10354.5 10358.7 10675.5 10809.1 8

 9 LM263069103 Open market paper 101.3 107.9 104.1 118.4 113.1 100.8 104.1 101.5 109.3 9

 10 LM263061105 Treasury securities 5792.6 6156.0 6148.1 6172.6 6163.1 6106.3 6148.1 6287.0 6281.0 10

 11 LM263061110 Treasury bills 685.5 671.6 724.7 702.3 701.3 667.1 724.7 724.9 682.2 11

 12 LM263061120 Other Treasury securities 5107.1 5484.4 5423.4 5470.3 5461.9 5439.2 5423.4 5562.1 5598.8 12

 13 LM263061705 Agency- and GSE-backed securities 883.8 899.6 913.5 890.4 935.2 939.1 913.5 944.0 977.2 13

 14 FL263062003 Municipal securities 76.2 80.6 87.5 82.8 85.8 86.4 87.5 88.2 89.7 14

 15 LM263063005 U.S. corporate bonds (1) 2732.9 2928.0 3105.5 3042.2 3116.9 3121.9 3105.5 3254.9 3351.8 15

 16 FL263069500 Loans to U.S. corporate business 139.7 170.6 193.9 178.0 188.8 195.2 193.9 201.8 188.7 16

 17 LM263064105 U.S. corporate equities 5204.4 5921.5 5522.2 5972.6 5888.4 5393.3 5522.2 5421.9 5488.5 17

 18 LM263064203 Mutual fund shares 552.0 607.8 582.2 646.0 662.6 595.2 582.2 595.9 597.9 18

 19 FL263070003 Trade receivables 148.0 161.7 175.6 165.7 171.0 176.3 175.6 180.1 186.2 19

 20 FL263092001 Foreign direct investment in U.S. (2) 3147.8 3346.3 3576.4 3457.7 3525.0 3571.1 3576.4 3644.2 3703.5 20

 21 FL264190005 Total liabilities 10162.7 10515.4 10408.9 10642.9 10595.0 10578.2 10408.9 10710.8 10969.6 21

 22 FL263111005 U.S. official reserve assets (3) 133.4 118.9 106.4 108.1 109.2 109.0 106.4 108.5 109.0 22

 23 FL263191005 U.S. private deposits 950.6 827.4 585.9 817.0 734.2 667.6 585.9 624.6 579.7 23

 24 FL262151003 Security repurchase agreements 692.2 708.2 783.0 776.2 757.8 850.6 783.0 851.1 946.9 24

 25 FL264122005 Debt securities 2649.5 2866.9 2717.3 2880.6 2857.2 2788.0 2717.3 2799.9 2845.8 25

 26 FL263169105 Commercial paper 407.0 385.6 444.8 415.9 429.4 447.8 444.8 467.3 469.2 26

 27 LM263163005 Bonds 2242.5 2481.4 2272.5 2464.6 2427.8 2340.2 2272.5 2332.6 2376.6 27

 28 FL264123005 Loans 308.3 339.2 362.6 349.5 359.8 359.1 362.6 365.1 365.4 28

 29 FL263168005 Depository institution loans n.e.c. 276.7 305.3 328.0 315.5 326.6 325.1 328.0 328.7 328.6 29

 30 FL263169005 Other loans and advances 31.6 33.9 34.6 34.0 33.3 34.1 34.6 36.5 36.8 30

 31 FL263170003 Trade payables 53.4 47.0 44.7 45.5 45.0 45.7 44.7 48.0 46.7 31

 32 FL263192005 U.S. direct investment abroad (1,2) 5214.6 5457.9 5648.6 5506.0 5581.1 5593.2 5648.6 5752.3 5895.4 32

 33 FL263190005 Miscellaneous liabilities 160.8 149.8 160.3 160.0 150.7 165.0 160.3 161.3 180.7 33

 34 FL313092803 U.S. equity in IBRD, etc. 60.0 62.4 64.6 64.6 64.6 64.6 64.6 64.6 64.6 34

 35 FL263191103 Nonofficial foreign currencies 2.9 4.2 3.6 3.4 3.3 3.3 3.6 2.8 5.6 35

 36 FL263194735 Investment by holding companies 97.9 83.3 92.1 92.0 82.8 97.1 92.1 93.9 110.4 36

 Memo:

 37 LM263164103 Market value of foreign equities 6472.9 6770.6 6828.2 7188.5 7353.3 6605.6 6828.2 6737.3 6703.5 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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112 Z.1, September 16, 2016

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893111005 Total liabilities 187.7 170.0 155.4 156.8 158.8 158.6 155.4 158.3 158.4 1

 2 FL313111303 Federal government: SDR allocations 54.4 51.2 48.9 48.7 49.7 49.6 48.9 49.8 49.4 2

 3 FL263111005 Rest of the world 133.4 118.9 106.4 108.1 109.2 109.0 106.4 108.5 109.0 3

 4 FL313011303 SDR holdings 55.2 51.9 49.7 49.5 50.4 50.3 49.7 50.5 50.2 4

 5 FL263111403 Reserve position in IMF 30.8 25.2 17.6 19.8 19.2 18.9 17.6 16.7 16.7 5

 6 FL263111503 Other reserves 47.4 41.8 39.1 38.8 39.5 39.8 39.1 41.3 42.1 6

 7 FL893011005 Total assets 198.8 181.1 166.4 167.8 169.9 169.7 166.4 169.3 169.5 7

 8 FL313011005 Federal government 109.8 98.0 86.9 88.7 89.5 89.2 86.9 88.0 88.1 8

 9 FL313011205 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL313011303 SDR holdings 55.2 51.9 49.7 49.5 50.4 50.3 49.7 50.5 50.2 10

 11 FL313011405 Reserve position in IMF 31.0 25.3 17.7 19.9 19.4 19.0 17.7 16.9 17.0 11

 12 FL313011505 Other reserves 23.6 20.7 19.5 19.3 19.7 19.8 19.5 20.5 20.9 12

 13 FL313111303 Rest of the world: SDR allocations 54.4 51.2 48.9 48.7 49.7 49.6 48.9 49.8 49.4 13

 14 FL713011005 Monetary authority 34.6 32.0 30.5 30.4 30.7 30.9 30.5 31.6 32.0 14

 15 FL713011203 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

 16 FL713011405 Reserve position in IMF -0.2 -0.1 -0.1 -0.2 -0.1 -0.1 -0.1 -0.3 -0.3 16

 17 FL713011505 Other reserves 23.8 21.1 19.6 19.5 19.8 20.0 19.6 20.9 21.2 17

 18 FL903011005 Discrepancy: monetary gold -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 FL713014003 Liab: Federal government 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 FL713014003 Asset: Monetary authority 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 FL313112003 Liab: Federal government 25.6 25.3 25.3 25.3 25.3 25.3 25.3 25.3 25.3 3

 4 FL713012003 Asset: Monetary authority 45.5 46.3 47.6 46.7 47.0 47.3 47.6 47.7 47.9 4

 5 FL903012005 Discrepancy (seigniorage) -19.9 -21.0 -22.2 -21.3 -21.7 -22.0 -22.2 -22.4 -22.6 5

L.202 U.S. Deposits in Foreign Countries

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

 1 FL263191005 Total rest of the world liability 950.6 827.4 585.9 817.0 734.2 667.6 585.9 624.6 579.7 1

 Held by:

 2 FL153091003 Household sector 52.1 45.7 31.6 45.0 39.8 36.1 31.6 32.4 30.4 2

 3 FL103091003 Nonfinancial corporate business 77.5 68.7 48.0 51.3 57.1 49.0 48.0 37.6 48.2 3

 4 FL633091003 Money market mutual funds 34.3 24.5 11.1 20.5 22.5 12.6 11.1 17.6 12.9 4

 5 FL903091005 Discrepancy--unallocated assets 786.7 688.5 495.2 700.3 614.8 570.0 495.2 537.0 488.2 5
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Z.1, September 16, 2016 113

L.203 Net Interbank Transactions

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL794110005 Total liabilities 2812.9 2865.6 2363.6 2911.0 2675.4 2619.4 2363.6 2444.6 2385.6 1

 2 FL714110005 Monetary authority 2322.7 2453.7 2051.4 2505.1 2310.7 2265.3 2051.4 2195.2 2111.5 2

 3 FL764110005 U.S.-chartered depository institutions 227.8 282.3 229.6 306.8 204.2 164.7 229.6 185.0 168.2 3

 4 FL754110005 Foreign banking offices in U.S. 330.6 197.7 148.1 166.9 229.6 256.5 148.1 133.3 176.2 4

 5 FL744110005 Banks in U.S.-affiliated areas -4.7 -5.3 -5.1 -5.7 -6.2 -5.4 -5.1 -5.8 -5.9 5

 6 FL474110005 Credit unions -63.5 -62.8 -60.5 -62.0 -62.9 -61.7 -60.5 -63.1 -64.5 6

 7 FL894010005 Total assets 2736.0 2898.4 2405.8 2946.7 2723.0 2659.1 2405.8 2499.1 2446.1 7

 8 FL714010005 Monetary authority -0.9 -0.4 0.1 -0.7 -0.2 0.2 0.1 -1.1 -1.1 8

 9 FL763020005 U.S.-chartered depository institutions 1326.5 1519.2 1309.9 1573.2 1374.1 1346.4 1309.9 1381.6 1290.9 9

 10 FL753020005 Foreign banking offices in U.S. 948.1 888.8 690.4 872.3 886.7 871.2 690.4 749.2 766.0 10

 11 FL473013003 Credit unions 48.1 45.7 51.2 59.6 49.9 47.7 51.2 64.3 54.7 11

 12 FL264016005 Rest of the world 414.2 445.2 354.4 442.4 412.5 393.6 354.4 305.1 335.6 12

 13 FL904010005 Discrepancy 76.9 -32.8 -42.2 -35.7 -47.6 -39.7 -42.2 -54.6 -60.5 13

 Memo:

 Vault cash:

 14 FL703025005 Liab.: Monetary authority 73.6 75.7 74.2 67.8 68.3 67.6 74.2 69.8 73.3 14

 15 FL763025000 Asset: U.S.-chartered depository institutions 73.6 75.6 74.2 67.8 68.3 67.6 74.2 69.8 73.3 15

 16 FL753025003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 FL713113003 Liab.: Monetary authority 2249.1 2378.0 1977.2 2437.3 2242.5 2197.7 1977.2 2125.4 2038.3 17

 18 FL763013005 Asset: U.S.-chartered depository institutions 1252.9 1443.6 1235.6 1505.4 1305.8 1278.8 1235.6 1311.8 1217.6 18

 19 FL753013003 Foreign banking offices in U.S. 948.0 888.8 690.3 872.3 886.7 871.1 690.3 749.2 766.0 19

 20 FL473013003 Credit unions 48.1 45.7 51.2 59.6 49.9 47.7 51.2 64.3 54.7 20

 Other transactions with the monetary authority

 21 FL714010005 Liab: U.S.-chartered depository institutions -0.9 -0.4 0.1 -0.7 -0.2 0.2 0.1 -1.1 -1.1 21

 22 FL714010005 Asset: Monetary authority -0.9 -0.4 0.1 -0.7 -0.2 0.2 0.1 -1.1 -1.1 22

 23 FL713022003 Federal Reserve float -1.0 -0.6 -0.0 -0.7 -0.4 -0.1 -0.0 -1.2 -1.3 23

 24 FL713068705 Loans to member banks 0.1 0.1 0.1 0.0 0.2 0.3 0.1 0.1 0.2 24

 Transactions with banks in foreign countries (net):

 25 FL764116205 Liab.: U.S.-chartered depository institutions (net) 176.5 278.8 239.3 311.7 216.5 171.1 239.3 206.0 199.6 25

 26 FL763192605 Due to foreign affiliates 507.3 523.4 496.7 535.1 472.8 438.0 496.7 461.3 455.6 26

 27 FL763092605 - Due from foreign affiliates 330.8 244.6 257.4 223.4 256.2 266.9 257.4 255.3 255.9 27

 28 FL754116205 Foreign banking offices in U.S. (net) 242.2 175.0 121.0 139.3 205.6 225.1 121.0 98.9 145.6 28

 29 FL753192605 Due to foreign affiliates 1191.2 1067.5 928.3 1028.5 1028.5 1018.8 928.3 889.2 957.1 29

 30 FL753092605 - Due from foreign affiliates 949.0 892.5 807.3 889.2 822.9 793.8 807.3 790.3 811.4 30

 31 FL264116205 Less: Deposits at foreign banks 20.0 21.4 18.7 19.8 19.0 17.9 18.7 19.8 25.8 31

 32 FL764016205 U.S.-chartered depository institutions 11.5 12.2 9.7 12.3 10.0 9.3 9.7 10.1 11.8 32

 33 FL754016205 Foreign banking offices in U.S. 8.5 9.2 9.1 7.6 9.1 8.6 9.1 9.7 13.9 33

 34 FL264035125 Plus: Loans from foreign banks 15.5 12.8 12.8 11.3 9.4 15.4 12.8 19.9 16.1 34

 35 FL274135123 U.S.-chartered depository institutions 6.4 4.1 4.9 4.0 3.2 6.6 4.9 7.8 6.6 35

 36 FL284135125 Foreign banking offices in U.S. 9.1 8.6 7.9 7.3 6.2 8.7 7.9 12.1 9.5 36

 37 FL264016005 Asset: Rest of the world (1) 414.2 445.2 354.4 442.4 412.5 393.6 354.4 305.1 335.6 37

 Transactions between U.S. depository institutions (net) (2):

 38 FL764112005 U.S.-chartered depository institutions (net) 57.2 12.0 -5.0 4.1 -5.3 -3.9 -5.0 -17.7 -25.2 38

 39 FL764112205 Due to (3): 174.1 62.9 46.3 55.6 45.6 49.7 46.3 36.6 32.1 39

 40 FL754012205 Foreign banking offices in U.S. 29.0 27.6 23.0 23.6 23.9 22.3 23.0 22.3 22.2 40

 41 FL743020003 Banks in U.S.-affiliated areas 4.7 5.3 5.1 5.7 6.2 5.4 5.1 5.8 5.9 41

 42 FL474012205 Credit unions 63.5 62.8 60.5 62.0 62.9 61.7 60.5 63.1 64.5 42

 43 FL754112205 - Due from: Foreign banking offices in U.S. 116.9 50.9 51.3 51.5 50.8 53.5 51.3 54.3 57.3 43

 44 FL904010005 Unallocated (2) 76.9 -32.8 -42.2 -35.7 -47.6 -39.7 -42.2 -54.6 -60.5 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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114 Z.1, September 16, 2016

L.204 Checkable Deposits and Currency

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL793120005 Total liabilities 3186.5 3537.5 3829.7 3441.3 3642.4 3558.0 3829.7 3879.4 4012.7 1

 2 FL713120005 Monetary authority 1364.1 1516.4 1720.8 1417.7 1588.3 1557.3 1720.8 1733.8 1810.8 2

 3 FL713123005 Federal government cash and deposits 162.6 223.7 333.7 100.3 254.4 198.9 333.7 314.0 363.7 3

 4 FL713124003 Due to government-sponsored enterprises 25.9 20.2 31.1 20.9 28.2 32.1 31.1 41.2 51.3 4

 5 FL713122605 Deposits due to foreign 8.0 5.3 5.2 5.2 5.3 6.2 5.2 5.2 5.2 5

 6 FL713125005 Currency outside banks 1167.6 1267.3 1350.7 1291.3 1300.4 1320.0 1350.7 1373.3 1390.6 6

 7 FL763127005 U.S.-chartered depository institutions 1579.8 1716.1 1766.4 1698.6 1717.2 1671.9 1766.4 1778.8 1815.9 7

 8 FL763123005 Federal government deposits 1.6 2.5 2.3 2.5 2.3 2.3 2.3 2.2 2.1 8

 9 FL763122605 Deposits due to foreign 51.2 56.5 41.9 55.9 52.4 41.0 41.9 47.5 47.4 9

 10 FL763129205 Private domestic deposits 1527.1 1657.1 1722.2 1640.3 1662.5 1628.6 1722.2 1729.1 1766.4 10

 11 FL753127005 Foreign banking offices in U.S. 92.6 137.8 154.1 149.4 161.2 152.8 154.1 172.3 192.4 11

 12 FL753122603 Deposits due to foreign 40.2 54.2 61.4 60.0 61.1 63.3 61.4 63.0 69.5 12

 13 FL753129205 Private domestic deposits 52.4 83.6 92.8 89.4 100.1 89.5 92.8 109.2 122.9 13

 14 FL743127003 Banks in U.S.-affiliated areas 28.2 33.4 35.0 33.0 35.8 35.4 35.0 38.4 37.5 14

 15 FL473127003 Credit unions 121.7 133.9 153.4 142.6 139.9 140.7 153.4 156.1 156.1 15

 16 FL793120005 Total assets 3186.5 3537.5 3829.7 3441.3 3642.4 3558.0 3829.7 3879.4 4012.7 16

 17 FL153020005 Household sector 1021.5 1155.5 1300.2 1219.2 1222.0 1157.8 1300.2 1341.1 1342.8 17

 18 FL143020005 Nonfinancial business 910.8 984.5 1014.9 954.9 1016.1 1024.3 1014.9 1022.3 1056.4 18

 19 FL103020005 Corporate 283.3 322.4 309.1 284.4 335.4 332.5 309.1 305.0 327.6 19

 20 FL113020005 Noncorporate 627.5 662.2 705.8 670.5 680.7 691.8 705.8 717.3 728.8 20

 21 FL313020005 Federal government 163.0 226.8 338.1 104.8 258.5 202.6 338.1 317.6 366.9 21

 22 FL213020005 State and local governments 125.3 141.3 132.5 130.6 134.3 131.2 132.5 133.7 132.5 22

 23 FL793020005 Domestic financial sectors 369.6 352.4 337.7 339.4 321.8 347.5 337.7 338.1 373.4 23

 24 FL513020003 Property-casualty insurance companies 29.7 35.6 32.7 35.4 30.4 34.2 32.7 30.7 34.9 24

 25 FL543020005 Life insurance companies 47.2 50.8 58.1 49.2 41.8 52.1 58.1 55.9 76.2 25

 26 FL573020005 Private pension funds 15.6 18.8 19.9 18.3 18.6 19.3 19.9 20.5 21.1 26

 27 FL223020043 State and local govt. retirement funds 4.1 4.4 4.5 4.5 4.6 4.5 4.5 4.2 4.3 27

 28 FL633020000 Money market mutual funds 13.5 -4.4 7.6 -10.0 3.3 1.7 7.6 7.3 13.3 28

 29 FL403020005 Government-sponsored enterprises 81.6 65.0 41.0 53.4 41.1 47.4 41.0 34.7 43.6 29

 30 FL613020003 Finance companies 32.1 31.9 32.4 32.4 33.2 34.1 32.4 36.5 24.5 30

 31 FL643020005 REITs 34.3 38.5 35.7 38.6 34.7 38.8 35.7 37.4 41.6 31

 32 FL663020003 Brokers and dealers 111.7 111.8 106.1 117.7 114.1 115.6 106.1 110.9 114.0 32

 33 FL263020005 Rest of the world 591.3 674.1 705.1 690.8 687.9 693.0 705.1 724.9 738.4 33

 34 FL263027003 Checkable deposits 99.4 115.9 108.5 121.1 118.8 110.6 108.5 115.8 122.1 34

 35 FL263025003 Currency 491.9 558.2 596.6 569.7 569.1 582.5 596.6 609.2 616.3 35

 36 FL903020005 Mail float 4.9 2.8 1.2 1.4 1.8 1.6 1.2 1.7 2.1 36
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L.205 Time and Savings Deposits 

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL703130005 Total liabilities 9872.9 10448.7 10854.9 10683.3 10628.2 10761.8 10854.9 11052.6 11057.6 1

 2 FL703131005 Small time and savings deposits 8110.8 8475.8 8989.5 8762.6 8708.7 8844.7 8989.5 9164.0 9224.3 2

 3 FL763131005 U.S.-chartered depository institutions 7236.0 7579.8 8042.0 7802.9 7780.9 7906.7 8042.0 8201.8 8240.2 3

 4 FL753131005 Foreign banking offices in U.S. 90.4 84.5 97.5 126.4 88.8 96.8 97.5 98.2 100.4 4

 5 FL743131005 Banks in U.S.-affiliated areas 21.4 23.4 21.9 21.6 22.8 22.3 21.9 23.3 22.3 5

 6 FL473131005 Credit unions 763.1 788.1 828.1 811.7 816.2 818.9 828.1 840.7 861.4 6

 7 FL703135005 Large time deposits (1) 1762.0 1972.9 1865.4 1920.7 1919.5 1917.0 1865.4 1888.6 1833.3 7

 8 FL763135005 U.S.-chartered depository institutions 826.9 929.3 951.2 924.2 919.7 948.2 951.2 962.2 967.3 8

 9 FL753135005 Foreign banking offices in U.S. 869.5 971.8 837.4 924.7 926.3 893.9 837.4 845.2 784.8 9

 10 FL743135005 Banks in U.S.-affiliated areas 21.4 23.4 21.9 21.6 22.8 22.3 21.9 23.3 22.3 10

 11 FL473135003 Credit unions 44.3 48.4 54.8 50.2 50.7 52.7 54.8 58.0 59.0 11

 12 FL703130005 Total assets 9872.9 10448.7 10854.9 10683.3 10628.2 10761.8 10854.9 11052.6 11057.6 12

 13 FL153030005 Household sector 7389.9 7884.6 8345.8 8061.9 8054.2 8218.8 8345.8 8444.0 8498.0 13

 14 FL143030005 Nonfinancial business 1014.9 1019.0 1057.3 1050.7 1024.5 1048.8 1057.3 1074.7 1105.7 14

 15 FL103030003 Corporate 631.1 609.5 578.9 622.4 588.8 592.7 578.9 576.4 592.4 15

 16 FL113030003 Noncorporate 383.8 409.5 478.4 428.3 435.7 456.1 478.4 498.3 513.3 16

 17 FL313030003 Federal government 1.5 1.7 1.8 1.6 1.9 2.1 1.8 1.8 1.9 17

 18 FL213030005 State and local governments 312.6 321.5 335.1 331.8 323.7 326.4 335.1 339.9 336.6 18

 19 FL793030005 Domestic financial sectors 708.8 722.7 638.8 731.2 732.8 691.7 638.8 699.2 598.6 19

 20 FL573030005 Private pension funds 33.6 35.5 36.8 36.0 36.2 36.5 36.8 37.2 37.6 20

 21 FL223030045 State and local govt. retirement funds 34.7 37.9 38.1 38.4 39.0 38.4 38.1 36.4 36.5 21

 22 FL633030000 Money market mutual funds 503.0 523.4 445.0 524.0 519.1 485.0 445.0 493.0 429.9 22

 23 FL403030005 Government-sponsored enterprises 5.4 3.3 2.5 1.9 2.8 2.7 2.5 3.3 4.1 23

 24 FL613030003 Finance companies 96.2 95.7 97.3 97.1 99.7 102.2 97.3 109.6 73.6 24

 25 FL733030003 Holding companies 35.9 27.0 19.1 33.8 36.0 26.9 19.1 19.6 17.0 25

 26 FL263030005 Rest of the world 445.1 499.1 476.1 506.2 491.3 473.9 476.1 493.0 516.8 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 FL634090005 Total assets 2717.8 2724.6 2754.7 2644.7 2615.1 2667.7 2754.7 2758.8 2702.5 1

 2 FL153034005 Household sector 1139.2 1111.8 1066.1 1014.9 999.0 1005.7 1066.1 1035.9 989.1 2

 3 FL103034003 Nonfinancial corporate business 559.1 558.2 576.8 545.3 546.2 558.8 576.8 574.6 577.0 3

 4 FL113034003 Nonfinancial noncorporate business 82.7 86.6 91.9 88.0 89.1 90.3 91.9 93.0 94.6 4

 5 FL213034003 State and local governments 158.9 165.6 177.4 169.2 170.2 173.8 177.4 178.3 180.2 5

 6 FL513034003 Property-casualty insurance companies 20.1 18.3 21.5 18.9 19.5 20.6 21.5 20.6 20.7 6

 7 FL543034005 Life insurance companies 49.4 53.4 56.1 51.5 50.4 61.6 56.1 58.3 54.7 7

 8 FL573034005 Private pension funds 154.7 155.6 151.0 147.8 148.7 151.2 151.0 152.9 154.8 8

 9 FL223034005 State and local govt. retirement funds 48.6 51.6 51.9 52.2 52.9 51.3 51.9 48.8 48.8 9

 10 FL503034003 Funding corporations 396.8 410.3 447.6 447.2 430.5 443.5 447.6 481.6 470.3 10

 11 FL263034003 Rest of the world 108.2 113.2 114.5 109.9 108.7 110.9 114.5 114.7 112.3 11
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116 Z.1, September 16, 2016

L.207 Federal Funds and Security Repurchase Agreements (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL892150005 Total liabilities 3636.7 3661.7 3711.5 3732.6 3670.0 3819.6 3711.5 3614.2 3769.3 1

 2 FL712151003 Monetary authority 315.9 509.8 712.4 536.9 558.2 641.1 712.4 550.5 543.9 2

 3 FL762150005 U.S.-chartered depository institutions 269.4 236.2 196.8 228.7 226.2 205.9 196.8 193.7 184.1 3

 4 FL762152005 Federal funds (2) 58.3 38.7 39.4 28.7 34.2 29.8 39.4 39.7 28.4 4

 5 FL762151005 Security repurchase agreements 211.0 197.5 157.4 199.9 192.0 176.1 157.4 154.0 155.7 5

 6 FL752150005 Foreign banking offices in U.S. 312.7 371.3 406.6 369.9 374.8 375.4 406.6 407.9 429.1 6

 7 FL752152005 Federal funds (2) 18.8 27.2 26.9 38.5 22.7 26.9 26.9 34.5 34.8 7

 8 FL752151005 Security repurchase agreements 293.9 344.1 379.7 331.4 352.1 348.5 379.7 373.4 394.3 8

 9 FL472150053 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL512151003 Property-casualty insurance companies 1.5 1.0 1.4 1.1 1.1 1.3 1.4 1.6 1.9 10

 11 FL542151073 Life insurance companies 20.9 21.9 22.8 22.1 22.4 22.4 22.8 22.9 23.2 11

 12 FL402150005 Government-sponsored enterprises 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 12

 13 FL642151073 REITs 255.5 265.5 220.0 262.3 249.0 229.1 220.0 220.2 217.2 13

 14 FL662151003 Brokers and dealers 1768.6 1547.7 1368.3 1535.3 1480.3 1493.7 1368.3 1366.1 1423.0 14

 15 FL732151003 Holding companies 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 15

 16 FL262151003 Rest of the world 692.2 708.2 783.0 776.2 757.8 850.6 783.0 851.1 946.9 16

 17 FL892050005 Total assets 3310.5 3446.1 3379.8 3419.4 3379.0 3514.7 3379.8 3260.4 3444.8 17

 18 FL102051003 Nonfinancial corporate business 8.7 21.6 26.0 22.2 23.8 25.3 26.0 22.8 21.6 18

 19 FL212051003 State and local governments 126.4 132.2 142.1 135.2 136.1 139.1 142.1 142.8 144.3 19

 20 FL712051000 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FL762050005 U.S.-chartered depository institutions 215.4 185.0 209.8 215.1 208.9 212.3 209.8 205.6 215.6 21

 22 FL762052005 Federal funds (2) 47.0 30.6 19.4 25.4 22.4 19.3 19.4 21.9 18.5 22

 23 FL762051005 Security repurchase agreements 168.4 154.4 190.4 189.7 186.5 193.0 190.4 183.8 197.1 23

 24 FL752050005 Foreign banking offices in U.S. 177.1 218.1 218.5 199.8 210.5 198.5 218.5 205.8 203.4 24

 25 FL752052005 Federal funds (2) 1.3 1.3 0.9 1.0 1.2 0.7 0.9 0.8 0.8 25

 26 FL752051005 Security repurchase agreements 175.8 216.9 217.6 198.7 209.3 197.8 217.6 205.0 202.6 26

 27 FL472050053 Credit unions 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FL472052053 Federal funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FL472051053 Security repurchase agreements 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 FL512051003 Property-casualty insurance companies 1.7 1.8 1.8 1.7 1.7 1.8 1.8 1.7 1.7 30

 31 FL542051073 Life insurance companies 2.9 3.4 8.5 8.4 8.0 9.6 8.5 7.9 7.8 31

 32 FL572051005 Private pension funds 2.8 3.0 2.8 2.9 2.9 2.8 2.8 2.7 2.6 32

 33 FL222051043 State and local govt. retirement funds 3.3 3.6 3.6 3.6 3.7 3.6 3.6 3.4 3.4 33

 34 FL632051000 Money market mutual funds 501.6 654.5 699.3 635.0 644.7 692.4 699.3 597.1 643.4 34

 35 FL652051003 Mutual funds 84.2 94.1 81.7 92.8 88.6 82.9 81.7 86.8 85.1 35

 36 FL402050005 Government-sponsored enterprises 152.3 162.6 182.9 158.2 141.0 149.0 182.9 159.9 164.8 36

 37 FL402052033 Of which: FHLB federal funds (3) 29.5 52.8 42.4 42.5 41.6 31.0 42.4 49.4 45.7 37

 38 FL662051003 Brokers and dealers 1321.0 1152.7 1133.3 1138.8 1171.2 1243.6 1133.3 1115.3 1197.4 38

 39 FL732051003 Holding companies 7.7 2.5 2.1 5.8 7.6 4.0 2.1 3.0 3.2 39

 40 FL502051003 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

 41 FL262051003 Rest of the world 705.4 811.0 667.6 799.9 730.2 749.8 667.6 705.5 750.4 41

 42 FL902050005 Discrepancy 326.2 215.6 331.6 313.2 291.1 305.0 331.6 353.8 324.5 42

 Memo:

 43 FL072052006 Effective federal funds rate (percent) (4) 0.09 0.12 0.24 0.11 0.13 0.14 0.24 0.36 0.38 43

 Federal Reserve’s reverse repurchase agreement operations: (5)

 44 FL712151103 Liability: Monetary authority (6) 197.8 396.7 474.6 378.5 392.6 449.6 474.6 303.8 278.8 44

 45 FL632051103 Asset: Money market mutual funds (7) 163.3 371.2 424.0 345.3 372.2 414.4 424.0 267.7 242.8 45

 46 FL792051115 Other financial institutions (8) 34.5 25.5 50.6 33.2 20.5 35.2 50.6 36.2 36.0 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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L.208 Debt Securities (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 By instrument

 1 FL894122005 Total debt securities 37370.2 38731.9 39761.0 38857.8 38962.9 39073.6 39761.0 40329.4 40581.2 1

 2 FL893169175 Open market paper 951.6 930.4 941.5 952.7 978.8 991.3 941.5 1021.1 1015.9 2

 3 FL313161105 Treasury securities 13680.6 14416.7 15141.1 14434.9 14353.4 14376.7 15141.1 15377.3 15385.2 3

 4 FL893161705 Agency- and GSE-backed securities 7798.2 7948.4 8169.0 7904.9 7959.9 8047.1 8169.0 8178.4 8324.0 4

 5 FL383162005 Municipal securities 3803.5 3761.5 3777.0 3789.4 3799.4 3787.1 3777.0 3797.6 3826.1 5

 6 FL893163005 Corporate and foreign bonds 11136.2 11675.0 11732.4 11776.0 11871.5 11871.4 11732.4 11955.0 12030.0 6

 By sector

 7 FL894122005 Total liabilities 37370.2 38731.9 39761.0 38857.8 38962.9 39073.6 39761.0 40329.4 40581.2 7

 8 FL384122005 Domestic nonfinancial sectors 21796.4 22797.7 23932.9 22962.5 23034.2 23149.5 23932.9 24330.9 24442.2 8

 9 FL163162003 Household sector (nonprofits) 235.6 228.8 220.8 228.4 224.7 222.1 220.8 220.9 220.8 9

 10 FL104122005 Nonfinancial corporate business 4815.6 5122.8 5531.4 5247.4 5399.4 5504.6 5531.4 5676.5 5761.8 10

 11 FL314122005 Federal government 13705.1 14441.1 15165.6 14459.0 14378.1 14400.8 15165.6 15401.8 15409.7 11

 12 FL213162005 State and local governments 3040.2 3004.9 3015.1 3027.6 3032.1 3022.0 3015.1 3031.7 3049.9 12

 13 FL794122005 Domestic financial sectors 12924.3 13067.3 13110.8 13014.8 13071.4 13136.1 13110.8 13198.6 13293.2 13

 14 FL764122005 U.S.-chartered depository institutions 280.7 263.5 254.2 243.6 244.7 247.3 254.2 263.4 257.0 14

 15 FL753169603 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL403161705 Government-sponsored enterprises 6200.2 6275.5 6369.0 6234.6 6258.0 6293.5 6369.0 6350.1 6455.5 16

 17 FL413065005 Agency- and GSE-backed mortgage pools 1573.5 1648.5 1775.5 1646.2 1677.2 1729.5 1775.5 1803.9 1844.0 17

 18 FL674122005 ABS issuers 1513.3 1428.2 1345.1 1429.3 1417.0 1369.3 1345.1 1325.0 1285.3 18

 19 FL614122005 Finance companies 1078.3 1080.3 1071.5 1090.0 1070.4 1076.2 1071.5 1070.3 1034.0 19

 20 FL644122005 REITs 355.5 403.3 395.5 403.5 401.3 398.3 395.5 415.7 426.4 20

 21 FL663163003 Brokers and dealers 112.4 123.9 131.3 107.4 135.8 135.4 131.3 119.5 111.0 21

 22 FL734122005 Holding companies 1192.1 1200.1 1057.2 1188.8 1192.6 1181.5 1057.2 1087.5 1108.6 22

 23 FL504122005 Funding corporations 618.2 644.0 711.5 671.3 674.5 705.1 711.5 763.2 771.4 23

 24 FL264122005 Rest of the world 2649.5 2866.9 2717.3 2880.6 2857.2 2788.0 2717.3 2799.9 2845.8 24

 25 FL894122005 Total assets: 37370.2 38731.9 39761.0 38857.8 38962.9 39073.6 39761.0 40329.4 40581.2 25

 26 FL384022005 Domestic nonfinancial sectors 5943.3 5761.7 6099.2 5713.6 5843.9 6009.5 6099.2 6014.8 5813.0 26

 27 FL154022005 Household sector 4470.3 4257.1 4568.6 4193.3 4345.2 4494.8 4568.6 4472.6 4242.2 27

 28 FL104022005 Nonfinancial corporate business 121.8 131.1 124.2 125.3 119.9 115.5 124.2 132.3 127.5 28

 29 FL114022005 Nonfinancial noncorporate business 59.5 62.3 67.2 63.3 64.5 65.7 67.2 68.4 69.5 29

 30 FL314022005 Federal government 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 30

 31 FL214022005 State and local governments 1291.1 1310.6 1338.7 1331.2 1313.9 1333.1 1338.7 1341.1 1373.4 31

 32 FL794022005 Domestic financial sectors 21839.9 22798.0 23303.1 22837.8 22704.8 22709.5 23303.1 23639.0 23959.1 32

 33 FL714022005 Monetary authority 3756.2 4236.9 4242.0 4228.4 4228.9 4238.3 4242.0 4243.7 4231.0 33

 34 FL764022005 U.S.-chartered depository institutions 2912.4 3153.9 3368.3 3223.9 3262.8 3276.3 3368.3 3387.3 3430.1 34

 35 FL754022005 Foreign banking offices in U.S. 288.8 274.3 265.3 265.8 253.3 262.7 265.3 286.5 310.7 35

 36 FL744022003 Banks in U.S.-affiliated areas 12.4 11.1 11.9 11.1 11.4 11.4 11.9 11.8 12.5 36

 37 FL474022005 Credit unions 231.7 222.8 219.9 228.1 225.3 216.2 219.9 218.2 218.9 37

 38 FL514022005 Property-casualty insurance companies 950.8 970.6 968.3 963.4 966.9 966.4 968.3 974.9 972.4 38

 39 FL544022005 Life insurance companies 2934.2 3004.3 3084.7 3027.5 3041.0 3065.3 3084.7 3135.0 3185.7 39

 40 FL574022005 Private pension funds 1159.6 1181.2 1226.6 1193.2 1201.7 1215.4 1226.6 1236.9 1246.9 40

 41 FL344022005 Federal government retirement funds 1544.7 1631.2 1723.4 1523.0 1395.6 1303.8 1723.4 1714.7 1718.7 41

 42 FL224022045 State and local govt. retirement funds 816.0 836.4 855.7 826.4 852.2 847.2 855.7 870.2 875.7 42

 43 FL634022005 Money market mutual funds 1633.8 1509.6 1581.9 1458.3 1410.9 1463.1 1581.9 1631.5 1594.6 43

 44 LM654022005 Mutual funds 3630.3 3834.5 3834.2 3932.4 3922.1 3881.2 3834.2 3930.6 4061.1 44

 45 LM554022005 Closed-end funds 165.1 169.9 161.1 170.7 167.3 163.2 161.1 161.8 164.0 45

 46 LM564022005 Exchange-traded funds 246.3 297.4 341.6 319.3 315.7 334.5 341.6 381.3 401.7 46

 47 FL404022005 Government-sponsored enterprises 491.1 472.1 446.9 465.7 448.7 442.7 446.9 443.8 456.4 47

 48 FL674022005 ABS issuers 21.8 27.3 28.2 28.0 29.0 28.7 28.2 27.2 24.9 48

 49 FL613063003 Finance companies 67.9 73.9 80.0 76.1 79.6 78.3 80.0 78.5 85.3 49

 50 FL644022005 REITs 304.4 312.0 267.3 308.3 287.7 280.4 267.3 266.5 266.0 50

 51 FL664022005 Brokers and dealers 426.4 337.3 300.6 344.8 318.9 308.1 300.6 295.3 320.6 51

 52 FL734022605 Holding companies 76.1 76.0 55.3 70.5 70.9 75.4 55.3 52.8 55.0 52

 53 FL504022005 Funding corporations 169.8 165.2 240.0 173.0 214.8 251.0 240.0 290.3 326.8 53

 54 FL264022005 Rest of the world 9586.9 10172.2 10358.7 10306.5 10414.2 10354.5 10358.7 10675.5 10809.1 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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118 Z.1, September 16, 2016

L.209 Open Market Paper

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893169175 Total outstanding, all types 951.6 930.4 941.5 952.7 978.8 991.3 941.5 1021.1 1015.9 1

 2 FL893169105 Commercial paper 951.6 930.4 941.5 952.7 978.8 991.3 941.5 1021.1 1015.9 2

 3 FL103169100 Nonfinancial corporate business 144.5 182.0 176.5 188.2 177.5 201.2 176.5 185.5 186.9 3

 4 FL263169105 Foreign issues in U.S. 407.0 385.6 444.8 415.9 429.4 447.8 444.8 467.3 469.2 4

 5 FL263169110 Nonfinancial 51.6 45.2 44.1 49.7 67.0 57.8 44.1 57.3 61.6 5

 6 FL263169123 Financial 355.4 340.4 400.7 366.2 362.4 390.0 400.7 410.1 407.6 6

 7 FL793169100 Financial business 400.2 362.9 320.1 348.5 371.9 342.3 320.1 368.4 359.8 7

 8 FL763169103 U.S.-chartered depository institutions 59.7 54.5 53.6 49.0 50.1 51.1 53.6 56.6 55.5 8

 9 FL673169105 ABS issuers 79.9 64.8 57.5 64.4 70.0 58.1 57.5 67.0 65.3 9

 10 FL613169100 Finance companies 118.8 117.8 113.3 113.8 121.0 120.9 113.3 117.6 121.6 10

 11 FL643169173 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FL733169103 Holding companies 96.6 77.0 5.7 70.0 56.3 16.0 5.7 5.6 4.6 12

 13 FL503169105 Funding corporations 45.2 48.9 90.1 51.3 74.5 96.2 90.1 121.6 112.8 13

 14 FL703169605 Bankers’ acceptances (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FL763169603 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL753169603 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FL893169175 Holdings, by sector 951.6 930.4 941.5 952.7 978.8 991.3 941.5 1021.1 1015.9 17

 18 FL163069103 Household sector 15.0 14.9 15.1 15.2 15.7 15.9 15.1 16.3 16.3 18

 19 FL103069100 Nonfinancial corporate business 52.9 56.4 54.7 57.4 56.6 54.8 54.7 54.8 59.2 19

 20 FL213069103 State and local governments 73.4 66.3 63.3 65.2 63.0 65.7 63.3 60.6 61.3 20

 21 FL713069603 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 FL763069175 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL753069603 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 23

 24 FL473069153 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 FL513069103 Property-casualty insurance companies 8.1 7.9 8.8 8.1 8.2 8.6 8.8 8.5 8.5 25

 26 FL543069105 Life insurance companies 46.7 42.2 35.3 39.9 37.1 38.6 35.3 37.5 37.5 26

 27 FL573069105 Private pension funds 41.2 43.2 46.3 44.6 44.9 45.6 46.3 46.8 47.3 27

 28 FL223069143 State and local govt. retirement funds 37.8 41.3 41.5 41.9 42.5 41.9 41.5 39.6 39.7 28

 29 FL633069175 Money market mutual funds 357.9 338.6 298.8 347.0 341.7 338.0 298.8 333.4 276.6 29

 30 LM653069100 Mutual funds 84.2 94.1 81.7 92.8 88.6 82.9 81.7 86.8 85.1 30

 31 FL403069105 Government-sponsored enterprises 4.4 6.0 5.5 5.6 5.6 5.0 5.5 5.5 5.6 31

 32 FL663069103 Brokers and dealers 28.7 20.8 19.5 21.7 19.6 19.5 19.5 20.3 17.0 32

 33 FL503069105 Funding corporations 100.1 90.8 166.9 95.1 142.2 173.9 166.9 209.4 252.6 33

 34 LM263069103 Rest of the world 101.3 107.9 104.1 118.4 113.1 100.8 104.1 101.5 109.3 34

(1) Excludes banks’ holdings of own acceptances.
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Z.1, September 16, 2016 119

L.210 Treasury Securities (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL313161105 Total liabilities 13680.6 14416.7 15141.1 14434.9 14353.4 14376.7 15141.1 15377.3 15385.2 1

 2 FL313161205 Marketable Treasury securities 11834.2 12480.9 13169.0 12606.7 12670.7 12812.8 13169.0 13407.1 13391.6 2

 3 FL313161113 Treasury bills 1590.6 1456.7 1511.0 1476.5 1393.2 1355.2 1511.0 1614.4 1505.0 3

 4 FL313161275 Other Treasury notes, bonds, and TIPS 10228.6 11010.6 11643.0 11116.6 11265.2 11445.3 11643.0 11777.7 11873.6 4

 5 FL313161283 Held in the Civil Service Retirement Fund (2) 15.0 13.6 15.0 13.6 12.3 12.3 15.0 15.0 13.0 5

 6 FL313161305 Nonmarketable Treasury securities 1846.5 1935.8 1972.1 1828.2 1682.7 1563.9 1972.1 1970.2 1993.5 6

 7 FL313161400 U.S. savings securities 179.2 176.0 171.6 175.0 174.0 172.8 171.6 170.4 169.1 7

 8 FL213061120 State and local government series (SLGS) 120.6 116.5 75.2 117.9 99.8 78.1 75.2 82.8 101.8 8

 9 FL343061123 Thrift Savings Plan G Fund 172.7 191.3 206.9 131.7 68.6 0.0 206.9 213.0 216.1 9

 10 FL343061145 Federal govt. defined benefit pension plans 1337.3 1407.5 1481.8 1358.7 1295.3 1271.9 1481.8 1467.0 1469.3 10

 11 FL313161375 Other nonmarketable securities 36.6 44.6 36.5 44.9 45.1 41.0 36.5 37.1 37.3 11

 12 FL893061105 Total assets 13680.6 14416.7 15141.1 14434.9 14353.4 14376.7 15141.1 15377.3 15385.2 12

 13 FL153061105 Household sector 1146.1 856.0 1144.8 882.7 980.6 1054.3 1144.8 1097.7 1091.4 13

 14 FL313161400 U.S. savings securities (line 7) 179.2 176.0 171.6 175.0 174.0 172.8 171.6 170.4 169.1 14

 15 FL153061185 Other Treasury securities 966.9 680.1 973.1 707.8 806.6 881.5 973.1 927.3 922.4 15

 16 FL103061103 Nonfinancial corporate business 38.8 41.3 35.4 33.9 31.0 30.1 35.4 43.7 36.1 16

 17 FL113061003 Nonfinancial noncorporate business 55.2 57.8 62.3 58.7 59.7 60.9 62.3 63.4 64.4 17

 18 FL213061105 State and local governments 586.7 623.1 666.4 640.6 630.8 643.6 666.4 680.1 700.0 18

 19 FL213061120 SLGS (line 8) 120.6 116.5 75.2 117.9 99.8 78.1 75.2 82.8 101.8 19

 20 FL213061103 Other Treasury securities 466.1 506.7 591.2 522.6 531.0 565.5 591.2 597.3 598.2 20

 21 FL713061100 Monetary authority 2208.8 2461.4 2461.6 2459.6 2461.0 2461.9 2461.6 2461.3 2462.3 21

 22 FL713061113 Treasury bills 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL713061125 Other Treasury securities 2208.8 2461.4 2461.6 2459.6 2461.0 2461.9 2461.6 2461.3 2462.3 23

 24 FL763061100 U.S.-chartered depository institutions 217.1 420.4 435.2 421.3 424.2 420.9 435.2 435.1 445.8 24

 25 FL753061103 Foreign banking offices in U.S. 67.0 56.5 69.8 55.7 57.3 54.7 69.8 79.2 89.2 25

 26 FL743061103 Banks in U.S.-affiliated areas 1.2 1.3 2.4 1.5 1.8 2.2 2.4 2.5 2.8 26

 27 FL473061105 Credit unions 19.1 21.6 29.2 22.9 23.3 22.9 29.2 28.5 23.4 27

 28 FL513061103 Property-casualty insurance companies 96.1 102.4 99.2 100.9 100.2 99.8 99.2 99.3 99.1 28

 29 FL513061113 Treasury bills 23.5 26.8 22.9 25.6 24.4 23.9 22.9 22.0 22.1 29

 30 FL513061125 Other Treasury securities 72.6 75.6 76.3 75.3 75.8 75.9 76.3 77.2 77.0 30

 31 FL543061105 Life insurance companies 168.6 182.9 199.1 191.8 193.1 198.0 199.1 202.2 205.0 31

 32 FL543061113 Treasury bills 6.7 8.7 6.5 7.9 7.0 7.9 6.5 7.0 6.9 32

 33 FL543061125 Other Treasury securities 162.0 174.3 192.6 183.9 186.0 190.1 192.6 195.2 198.1 33

 34 FL573061105 Private pension funds 299.8 295.6 317.1 305.7 308.8 313.7 317.1 319.8 322.9 34

 35 FL573061143 Defined benefit plans 185.7 180.6 186.3 182.2 183.3 184.8 186.3 187.7 189.1 35

 36 FL573061133 Defined contribution plans 114.2 115.0 130.7 123.5 125.5 128.8 130.7 132.1 133.8 36

 37 FL343061105 Federal government retirement funds 1530.6 1617.7 1708.9 1509.3 1381.7 1289.3 1708.9 1700.2 1703.8 37

 38 FL343061165 Defined benefit plans 1353.7 1422.6 1498.0 1373.7 1309.1 1285.5 1498.0 1483.1 1483.5 38

 39 FL343061155 Defined contribution plans 176.9 195.0 210.9 135.6 72.6 3.9 210.9 217.0 220.4 39

 40 FL223061143 State and local govt. retirement funds 188.3 181.3 174.8 176.4 178.0 173.5 174.8 175.6 173.9 40

 41 FL633061105 Money market mutual funds 496.1 419.0 482.9 441.0 404.1 391.4 482.9 545.5 517.6 41

 42 FL633061110 Treasury bills 294.2 244.6 236.0 213.5 197.0 182.4 236.0 283.4 241.0 42

 43 FL633061120 Other Treasury securities 201.9 174.5 246.9 227.5 207.2 209.0 246.9 262.1 276.6 43

 44 LM653061105 Mutual funds 472.8 682.9 826.6 709.4 725.6 789.1 826.6 839.4 857.1 44

 45 LM653061113 Treasury bills 40.4 31.6 34.6 31.9 33.2 42.3 34.6 37.6 35.8 45

 46 LM653061125 Other Treasury securities 432.4 651.3 792.0 677.5 692.4 746.8 792.0 801.8 821.3 46

 47 LM553061103 Closed-end funds 6.4 6.4 5.8 6.4 6.2 6.1 5.8 5.8 4.2 47

 48 LM563061103 Exchange-traded funds 55.7 67.5 80.3 70.8 70.8 85.3 80.3 92.3 92.9 48

 49 FL403061105 Government-sponsored enterprises 59.1 64.3 87.5 71.8 70.8 77.6 87.5 90.9 90.5 49

 50 FL673061103 ABS issuers 21.7 27.2 28.2 27.9 28.9 28.6 28.2 27.2 24.9 50

 51 FL663061105 Brokers and dealers 136.0 60.2 65.3 63.7 43.6 53.6 65.3 90.8 87.7 51

 52 FL733061103 Holding companies 16.6 13.9 10.2 10.2 8.9 12.9 10.2 10.0 9.0 52

 53 LM263061105 Rest of the world 5792.6 6156.0 6148.1 6172.6 6163.1 6106.3 6148.1 6287.0 6281.0 53

 54 LM263061110 Treasury bills 685.5 671.6 724.7 702.3 701.3 667.1 724.7 724.9 682.2 54

 55 LM263061120 Other Treasury securities 5107.1 5484.4 5423.4 5470.3 5461.9 5439.2 5423.4 5562.1 5598.8 55

(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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120 Z.1, September 16, 2016

L.211 Agency- and GSE-Backed Securities (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893161705 Total liabilities 7798.2 7948.4 8169.0 7904.9 7959.9 8047.1 8169.0 8178.4 8324.0 1

 2 FL313161705 Budget agencies 24.5 24.4 24.6 24.1 24.7 24.1 24.6 24.4 24.6 2

 3 FL403161705 Government-sponsored enterprises 6200.2 6275.5 6369.0 6234.6 6258.0 6293.5 6369.0 6350.1 6455.5 3

 4 FL413065005 Agency- and GSE-backed mortgage pools 1573.5 1648.5 1775.5 1646.2 1677.2 1729.5 1775.5 1803.9 1844.0 4

 5 FL893061705 Total assets 7798.2 7948.4 8169.0 7904.9 7959.9 8047.1 8169.0 8178.4 8324.0 5

 6 FL153061705 Household sector 279.1 330.9 545.6 314.0 358.4 438.1 545.6 515.1 459.0 6

 7 FL103061703 Nonfinancial corporate business 8.9 13.8 11.8 11.3 10.3 10.0 11.8 14.6 12.0 7

 8 FL313061703 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL213061703 State and local governments 453.2 438.4 416.0 439.3 433.5 433.9 416.0 406.3 415.9 9

 10 FL713061705 Monetary authority 1547.4 1775.5 1780.4 1768.8 1768.0 1776.3 1780.4 1782.3 1768.6 10

 11 FL763061705 U.S.-chartered depository institutions 1717.3 1760.3 1924.7 1815.0 1845.5 1861.5 1924.7 1930.1 1948.5 11

 12 FL753061703 Foreign banking offices in U.S. 25.4 20.5 23.1 19.3 23.3 20.9 23.1 23.2 22.9 12

 13 FL743061703 Banks in U.S.-affiliated areas 1.9 1.7 1.8 1.5 1.8 1.8 1.8 1.5 1.5 13

 14 FL473061705 Credit unions 199.2 187.5 175.6 190.1 186.9 178.3 175.6 173.4 178.9 14

 15 FL513061703 Property-casualty insurance companies 109.5 106.2 98.6 103.5 102.1 100.2 98.6 99.4 99.2 15

 16 FL543061705 Life insurance companies 354.1 339.1 326.7 336.9 333.7 328.9 326.7 331.6 336.6 16

 17 FL573061705 Private pension funds 165.5 163.1 154.4 156.8 155.1 154.8 154.4 153.5 152.8 17

 18 FL343061705 Federal government retirement funds 6.4 5.9 6.1 6.0 6.1 6.0 6.1 6.1 6.3 18

 19 FL223061743 State and local govt. retirement funds 106.3 102.2 95.5 98.8 97.1 95.1 95.5 95.9 94.5 19

 20 FL633061700 Money market mutual funds 367.2 390.5 467.4 328.0 338.9 399.4 467.4 460.9 566.0 20

 21 LM653061703 Mutual funds 873.6 689.8 584.9 707.9 674.6 627.0 584.9 605.7 613.4 21

 22 FL403061705 Government-sponsored enterprises 287.9 295.7 281.4 292.6 285.8 281.4 281.4 282.7 299.5 22

 23 FL673061703 ABS issuers 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.0 23

 24 FL643061773 REITs 269.3 277.8 228.1 269.4 248.4 241.1 228.1 227.6 225.7 24

 25 FL663061703 Brokers and dealers 114.2 121.9 109.7 124.3 125.5 122.8 109.7 102.6 122.2 25

 26 FL733061703 Holding companies 28.0 28.0 23.7 31.0 29.6 30.3 23.7 21.7 23.1 26

 27 LM263061705 Rest of the world 883.8 899.6 913.5 890.4 935.2 939.1 913.5 944.0 977.2 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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Z.1, September 16, 2016 121

L.212 Municipal Securities

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL383162005 Total liabilities 3803.5 3761.5 3777.0 3789.4 3799.4 3787.1 3777.0 3797.6 3826.1 1

 2 FL213162005 State and local governments 3040.2 3004.9 3015.1 3027.6 3032.1 3022.0 3015.1 3031.7 3049.9 2

 3 FL213162400 Short-term (1) 45.3 38.9 32.8 38.1 31.1 31.5 32.8 32.4 27.0 3

 4 FL213162200 Long-term 2994.8 2966.0 2982.3 2989.5 3001.0 2990.5 2982.3 2999.4 3022.9 4

 5 FL163162003 Nonprofit organizations (2) 235.6 228.8 220.8 228.4 224.7 222.1 220.8 220.9 220.8 5

 6 FL103162000 Nonfinancial corporate business 527.8 527.8 541.2 533.3 542.6 543.0 541.2 544.9 555.4 6

 (industrial revenue bonds)

 7 FL383162005 Total assets 3803.5 3761.5 3777.0 3789.4 3799.4 3787.1 3777.0 3797.6 3826.1 7

 8 FL153062005 Household sector 1826.2 1709.3 1648.8 1709.2 1727.6 1700.6 1648.8 1653.4 1638.1 8

 9 FL103062003 Nonfinancial corporate business 21.2 19.7 22.2 22.7 21.8 20.6 22.2 19.2 20.2 9

 10 FL113062003 Nonfinancial noncorporate business 4.4 4.6 4.9 4.6 4.7 4.8 4.9 5.0 5.1 10

 11 FL213062003 State and local governments 13.3 13.6 14.4 13.9 13.9 14.2 14.4 14.5 14.6 11

 12 FL763062000 U.S.-chartered depository institutions 418.9 451.5 498.9 465.2 476.6 488.1 498.9 507.5 524.1 12

 13 FL753062003 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL743062003 Banks in U.S.-affiliated areas 3.6 2.7 2.1 2.7 2.5 2.2 2.1 2.0 2.0 14

 15 FL473062005 Credit unions 4.6 3.8 4.3 3.9 4.2 4.4 4.3 4.8 4.9 15

 16 FL513062003 Property-casualty insurance companies 326.4 322.1 330.4 322.0 325.7 327.5 330.4 333.0 332.1 16

 17 FL543062005 Life insurance companies 141.6 147.8 158.7 149.9 152.4 155.6 158.7 161.8 164.4 17

 18 FL223062043 State and local govt. retirement funds 2.4 2.2 2.0 2.2 2.2 2.0 2.0 2.4 2.4 18

 19 FL633062000 Money market mutual funds 309.0 282.0 268.4 273.8 257.9 256.9 268.4 239.1 216.2 19

 20 LM653062003 Mutual funds 529.6 586.6 603.7 598.9 591.0 593.2 603.7 628.8 669.0 20

 21 LM553062003 Closed-end funds 82.9 90.2 89.5 90.3 87.9 88.5 89.5 90.7 93.2 21

 22 LM563062003 Exchange-traded funds 11.4 15.1 19.1 16.6 16.8 17.5 19.1 21.0 23.1 22

 23 FL403062005 Government-sponsored enterprises 13.4 10.8 8.2 9.9 9.1 8.7 8.2 7.5 7.5 23

 24 FL663062003 Brokers and dealers 18.6 18.9 14.0 20.6 19.0 15.9 14.0 18.8 19.7 24

 25 FL263062003 Rest of the world 76.2 80.6 87.5 82.8 85.8 86.4 87.5 88.2 89.7 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.101 and L.101).
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122 Z.1, September 16, 2016

L.213 Corporate and Foreign Bonds

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893163005 Total liabilities 11136.2 11675.0 11732.4 11776.0 11871.5 11871.4 11732.4 11955.0 12030.0 1

 2 FL103163003 Nonfinancial corporate business 4143.3 4413.1 4813.7 4525.9 4679.3 4760.4 4813.7 4946.1 5019.5 2

 3 FL793163005 Domestic financial sectors 4750.4 4780.5 4646.2 4785.5 4764.3 4770.8 4646.2 4676.2 4633.9 3

 4 FL763163005 U.S.-chartered depository institutions 221.0 209.0 200.6 194.6 194.5 196.2 200.6 206.9 201.5 4

 5 FL673163005 ABS issuers (net) (1) 1433.4 1363.5 1287.7 1364.9 1346.9 1311.3 1287.7 1258.0 1220.0 5

 6 FL613163005 Finance companies 959.5 962.6 958.2 976.2 949.4 955.3 958.2 952.7 912.5 6

 7 FL643163005 REITs 355.5 403.3 395.5 403.5 401.3 398.3 395.5 415.7 426.4 7

 8 FL663163003 Brokers and dealers 112.4 123.9 131.3 107.4 135.8 135.4 131.3 119.5 111.0 8

 9 FL733163003 Holding companies 1095.6 1123.2 1051.6 1118.8 1136.3 1165.5 1051.6 1082.0 1104.0 9

 10 FL503163005 Funding corporations 572.9 595.1 621.4 620.0 600.1 608.9 621.4 641.7 658.5 10

 11 LM263163005 Rest of the world (2) 2242.5 2481.4 2272.5 2464.6 2427.8 2340.2 2272.5 2332.6 2376.6 11

 12 FL893163005 Total assets (3) 11136.2 11675.0 11732.4 11776.0 11871.5 11871.4 11732.4 11955.0 12030.0 12

 13 FL153063005 Household sector 1203.9 1346.0 1214.4 1272.1 1262.9 1285.9 1214.4 1190.0 1037.4 13

 14 FL313063763 Federal government 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 14

 15 FL213063003 State and local governments 164.6 169.2 178.7 172.2 172.7 175.7 178.7 179.7 181.6 15

 16 FL763063005 U.S.-chartered depository institutions 559.2 521.7 509.5 522.4 516.5 505.8 509.5 514.5 511.6 16

 17 FL763063605 MBS and other ABS 147.7 139.1 127.2 137.8 135.0 131.1 127.2 121.3 116.8 17

 18 FL763063095 Other 411.4 382.6 382.3 384.7 381.5 374.8 382.3 393.3 394.8 18

 19 FL753063005 Foreign banking offices in U.S. 196.4 197.3 172.4 190.8 172.8 187.2 172.4 184.2 198.5 19

 20 FL743063005 Banks in U.S.-affiliated areas 5.8 5.3 5.6 5.4 5.3 5.2 5.6 5.8 6.3 20

 21 FL473063005 Credit unions 8.9 9.9 10.8 11.1 10.9 10.7 10.8 11.4 11.7 21

 22 FL473063605 MBS and other ABS 8.7 9.7 10.6 11.0 10.6 10.5 10.6 11.3 11.5 22

 23 FL473063095 Other 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 23

 24 FL513063003 Property-casualty insurance companies 410.8 432.0 431.2 428.9 430.8 430.3 431.2 434.7 433.4 24

 25 FL513063603 MBS and other ABS 82.7 93.0 93.9 93.2 93.4 93.6 93.9 94.9 93.8 25

 26 FL513063095 Other 328.0 339.0 337.4 335.7 337.4 336.7 337.4 339.8 339.7 26

 27 FL543063005 Life insurance companies 2223.0 2292.3 2364.9 2309.1 2324.7 2344.2 2364.9 2401.9 2442.3 27

 28 FL543063673 MBS and other ABS 419.7 435.5 429.5 434.0 432.5 431.0 429.5 437.3 444.5 28

 29 FL543063095 Other 1803.3 1856.8 1935.5 1875.1 1892.2 1913.2 1935.5 1964.6 1997.9 29

 30 FL573063005 Private pension funds 653.0 679.3 708.8 686.1 692.9 701.3 708.8 716.8 723.9 30

 31 FL343063005 Federal government retirement funds 7.7 7.7 8.4 7.7 7.8 8.4 8.4 8.4 8.5 31

 32 FL223063045 State and local govt. retirement funds 481.2 509.3 541.9 507.1 532.4 534.6 541.9 556.7 565.2 32

 33 FL633063003 Money market mutual funds 103.7 79.5 64.4 68.6 68.3 77.4 64.4 52.7 18.3 33

 34 LM653063005 Mutual funds 1670.0 1781.2 1737.3 1823.3 1842.4 1789.0 1737.3 1769.9 1836.5 34

 35 LM553063003 Closed-end funds 75.9 73.3 65.8 74.1 73.1 68.7 65.8 65.3 66.6 35

 36 LM563063003 Exchange-traded funds 179.3 214.8 242.2 231.9 228.1 231.7 242.2 268.0 285.7 36

 37 FL403063005 Government-sponsored enterprises 126.3 95.4 64.3 85.8 77.5 69.8 64.3 57.2 53.3 37

 38 FL403063605 MBS and other ABS 119.4 89.3 58.9 79.8 71.7 64.2 58.9 52.0 48.2 38

 39 FL403063095 Other 6.8 6.2 5.4 6.0 5.8 5.6 5.4 5.2 5.1 39

 40 FL613063003 Finance companies 67.9 73.9 80.0 76.1 79.6 78.3 80.0 78.5 85.3 40

 41 FL643063005 REITs 35.1 34.2 39.2 38.9 39.3 39.3 39.2 38.9 40.4 41

 42 FL663063005 Brokers and dealers 128.9 115.5 92.1 114.5 111.2 96.4 92.1 62.9 74.1 42

 43 FL733063003 Holding companies 31.5 34.1 21.5 29.2 32.4 32.1 21.5 21.1 22.9 43

 44 FL503063005 Funding corporations 69.7 74.4 73.0 77.9 72.7 77.1 73.0 80.9 74.3 44

 45 LM263063005 Rest of the world (4) 2732.9 2928.0 3105.5 3042.2 3116.9 3121.9 3105.5 3254.9 3351.8 45

 46 LM263063603 MBS and other ABS 395.8 400.0 404.2 403.9 412.2 411.5 404.2 400.6 400.1 46

 47 LM263063095 Other 2337.1 2528.1 2701.3 2638.2 2704.7 2710.3 2701.3 2854.3 2951.8 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 By instrument

 1 FL894123005 Total loans 22047.2 22994.4 23765.1 23071.5 23373.6 23492.4 23765.1 23944.1 24246.0 1

 2 FL793068005 Depository institution loans n.e.c. 2590.3 2910.2 3205.8 2988.1 3073.6 3099.6 3205.8 3284.0 3341.2 2

 3 FL893169005 Other loans and advances 3088.5 3323.3 3239.6 3297.7 3330.0 3230.6 3239.6 3272.2 3325.6 3

 4 FL893065005 Mortgages 13272.2 13442.8 13784.0 13462.9 13572.2 13680.9 13784.0 13848.6 13973.8 4

 5 FL893065105 Home 9882.5 9880.6 9974.4 9852.6 9897.0 9948.3 9974.4 9994.8 10054.7 5

 6 FL893065405 Multifamily residential 923.4 987.0 1089.3 1008.4 1032.2 1053.7 1089.3 1107.1 1136.6 6

 7 FL893065505 Commercial 2281.1 2378.2 2510.7 2401.8 2439.8 2472.5 2510.7 2536.3 2570.9 7

 8 FL893065603 Farm 185.2 197.0 209.5 200.1 203.2 206.3 209.5 210.5 211.5 8

 9 FL153166000 Consumer credit 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 9

 By sector

 10 FL894123005 Total liabilities 22047.2 22994.4 23765.1 23071.5 23373.6 23492.4 23765.1 23944.1 24246.0 10

 11 FL384123005 Domestic nonfinancial sectors 19767.6 20526.7 21271.5 20612.2 20865.5 20993.9 21271.5 21424.8 21655.3 11

 12 FL154123005 Household sector 13274.1 13651.0 13998.8 13635.2 13778.7 13860.9 13998.8 14012.1 14174.7 12

 13 FL104123005 Nonfinancial corporate business 2315.1 2493.1 2558.6 2537.3 2566.1 2526.3 2558.6 2627.3 2620.7 13

 14 FL114123005 Nonfinancial noncorporate business 4162.1 4366.1 4697.2 4422.9 4503.9 4590.0 4697.2 4768.4 4842.8 14

 15 FL313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL213169203 State and local governments 16.2 16.6 16.9 16.7 16.7 16.7 16.9 17.1 17.1 16

 17 FL794123005 Domestic financial sectors 1971.3 2128.4 2131.0 2109.8 2148.3 2139.4 2131.0 2154.2 2225.3 17

 18 FL763169305 U.S.-chartered depository institutions 410.1 468.2 498.7 436.0 478.1 460.2 498.7 484.5 549.0 18

 19 FL473169333 Credit unions 27.0 35.4 44.7 34.9 39.9 44.9 44.7 42.9 44.5 19

 20 FL513169333 Property-casualty insurance companies 2.1 2.2 2.3 2.2 2.1 2.1 2.3 2.2 3.5 20

 21 FL543169373 Life insurance companies 50.1 51.9 58.2 54.1 56.2 57.3 58.2 60.7 65.3 21

 22 FL403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 FL614123005 Finance companies 131.0 141.2 156.5 144.3 151.7 153.2 156.5 155.7 155.9 23

 24 FL644123005 REITs 241.1 270.4 299.6 279.7 291.2 305.7 299.6 293.1 285.0 24

 25 FL664123005 Brokers and dealers 897.1 962.5 913.2 964.4 939.0 934.9 913.2 952.3 964.4 25

 26 FL733168003 Holding companies 210.6 194.2 155.6 191.8 187.6 178.8 155.6 160.3 155.4 26

 27 FL504123005 Funding corporations 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 27

 28 FL264123005 Rest of the world 308.3 339.2 362.6 349.5 359.8 359.1 362.6 365.1 365.4 28

 29 FL894123005 Total assets 22047.2 22994.4 23765.1 23071.5 23373.6 23492.4 23765.1 23944.1 24246.0 29

 30 FL384023005 Domestic nonfinancial sectors 2324.4 2505.3 2575.9 2553.3 2544.7 2580.3 2575.9 2657.8 2674.0 30

 31 FL154023005 Household sector 970.7 1024.0 970.3 1025.7 997.5 995.1 970.3 1008.6 1007.6 31

 32 FL104023005 Nonfinancial corporate business 70.5 76.3 80.4 76.3 79.2 80.6 80.4 79.7 81.2 32

 33 FL114023005 Nonfinancial noncorporate business 34.8 36.5 39.3 37.1 37.7 38.5 39.3 40.0 40.7 33

 34 FL314023005 Federal government 1044.3 1158.8 1264.4 1200.7 1216.2 1248.3 1264.4 1306.8 1319.5 34

 35 FL213065005 State and local governments 204.0 209.7 221.5 213.5 214.0 217.8 221.5 222.7 225.0 35

 36 FL794023005 Domestic financial sectors 19583.1 20318.4 20995.4 20340.2 20640.1 20717.0 20995.4 21084.6 21383.2 36

 37 FL713068005 Monetary authority 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

 38 FL764023005 U.S.-chartered depository institutions 7241.4 7670.0 8189.9 7722.7 7889.8 7990.8 8189.9 8275.2 8456.2 38

 39 FL754023005 Foreign banking offices in U.S. 566.2 640.9 719.0 668.5 685.4 696.8 719.0 735.1 753.1 39

 40 FL744023003 Banks in U.S.-affiliated areas 51.8 47.4 41.7 43.4 42.6 41.9 41.7 41.2 40.6 40

 41 FL474023000 Credit unions 660.1 728.9 804.9 739.4 763.5 787.5 804.9 809.2 831.8 41

 42 FL513065503 Property-casualty insurance companies 7.9 9.9 12.3 10.4 10.9 11.5 12.3 13.4 13.8 42

 43 FL544023005 Life insurance companies 517.1 546.6 586.2 552.5 560.7 570.6 586.2 595.2 603.5 43

 44 FL573065005 Private pension funds 22.4 24.0 21.3 22.7 22.0 21.6 21.3 21.0 20.7 44

 45 FL223065043 State and local govt. retirement funds 9.5 10.0 9.6 10.2 10.4 9.9 9.6 8.3 8.2 45

 46 FL653069803 Mutual funds 145.1 154.5 138.9 160.4 154.4 141.6 138.9 144.4 139.5 46

 47 FL404023005 Government-sponsored enterprises 5465.3 5542.3 5666.3 5509.6 5580.9 5611.4 5666.3 5659.1 5735.1 47

 48 FL413065005 Agency- and GSE-backed mortgage pools 1573.5 1648.5 1775.5 1646.2 1677.2 1729.5 1775.5 1803.9 1844.0 48

 49 FL674023005 ABS issuers 1394.6 1299.2 1210.9 1297.8 1285.4 1241.6 1210.9 1191.3 1152.3 49

 50 FL614023005 Finance companies 1237.5 1243.7 1226.3 1234.7 1232.3 1239.9 1226.3 1196.5 1189.5 50

 51 FL643065005 REITs 214.7 247.3 217.7 240.7 241.7 230.4 217.7 228.3 226.3 51

 52 FL663069005 Brokers and dealers 389.6 428.2 338.1 407.0 415.6 341.3 338.1 322.2 327.1 52

 53 FL733069005 Holding companies 75.7 64.8 24.0 62.3 55.1 37.7 24.0 23.2 22.0 53

 54 FL503069805 Funding corporations 10.6 12.1 12.9 11.6 12.2 13.1 12.9 17.3 19.5 54

 55 FL263069500 Rest of the world 139.7 170.6 193.9 178.0 188.8 195.2 193.9 201.8 188.7 55

(1) Sum of depository institution loans not elsewhere classified, other loans and advances, total mortgages, and consumer credit.
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124 Z.1, September 16, 2016

L.215 Depository Institution Loans Not Elsewhere Classified (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL793068005 Total liabilities 2590.3 2910.2 3205.8 2988.1 3073.6 3099.6 3205.8 3284.0 3341.2 1

 2 FL153168005 Household sector 90.8 211.9 325.7 232.5 246.3 268.7 325.7 339.3 366.5 2

 3 FL103168005 Corporate business 775.8 868.7 947.5 888.8 910.5 917.5 947.5 975.7 993.3 3

 4 FL113168005 Noncorporate business 1000.3 1064.3 1163.3 1086.4 1114.9 1124.6 1163.3 1196.9 1208.6 4

 5 FL793168005 Domestic financial sectors 446.6 460.0 441.4 464.8 475.3 463.8 441.4 443.4 444.2 5

 6 FL613168000 Finance companies 128.6 139.1 152.9 142.2 149.6 150.4 152.9 152.0 152.3 6

 7 FL643168005 REITs 25.9 33.1 40.4 37.0 42.7 44.3 40.4 38.8 36.0 7

 8 FL663168005 Brokers and dealers 81.6 93.5 92.5 93.9 95.4 90.2 92.5 92.3 100.6 8

 9 FL733168003 Holding companies 210.6 194.2 155.6 191.8 187.6 178.8 155.6 160.3 155.4 9

 10 FL713068505 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 FL263168005 Rest of the world 276.7 305.3 328.0 315.5 326.6 325.1 328.0 328.7 328.6 11

 12 FL263168465 Foreign official institutions 7.1 8.2 9.5 9.2 8.5 8.8 9.5 8.2 9.1 12

 13 FL263168475 Foreign banks 90.5 89.8 91.0 91.3 91.2 92.1 91.0 82.7 78.1 13

 14 FL263168485 Other foreign 179.1 207.3 227.5 215.0 226.8 224.1 227.5 237.7 241.4 14

 15 FL793068005 Total assets 2590.3 2910.2 3205.8 2988.1 3073.6 3099.6 3205.8 3284.0 3341.2 15

 16 FL713068005 Monetary authority (2) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FL763068005 U.S.-chartered depository institutions 1986.4 2236.2 2465.3 2286.8 2360.0 2377.9 2465.3 2529.2 2577.1 17

 18 FL753068005 Foreign banking offices in U.S. 535.9 603.3 667.6 631.1 644.4 650.1 667.6 679.0 692.6 18

 19 FL743068005 Banks in U.S.-affiliated areas 19.4 17.1 15.1 15.6 15.5 15.1 15.1 14.6 14.3 19

 20 FL473068005 Credit unions 48.7 53.7 57.7 54.6 53.7 56.4 57.7 61.1 57.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893169005 Total other loans and advances 3088.5 3323.3 3239.6 3297.7 3330.0 3230.6 3239.6 3272.2 3325.6 1

 2 FL313069205 U.S. government loans 193.0 195.0 197.9 195.1 196.6 194.5 197.9 199.4 200.7 2

 3 FL153169203 Liab.: Household sector 12.1 13.3 15.6 13.6 14.2 14.8 15.6 15.9 16.5 3

 4 FL103169205 Nonfinancial corporate business 76.2 74.8 75.3 74.4 76.1 74.8 75.3 74.9 75.2 4

 5 FL113169205 Nonfinancial noncorporate business 58.5 57.3 54.0 57.1 56.3 54.3 54.0 53.7 53.6 5

 6 FL213169203 State and local governments 16.2 16.6 16.9 16.7 16.7 16.7 16.9 17.1 17.1 6

 7 FL403169283 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FL313069223 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL503169205 Funding corporations 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 2.4 9

 10 FL263169205 Rest of the world 27.6 30.7 33.8 31.0 30.8 31.7 33.8 35.6 35.9 10

 11 FL263069500 Foreign loans to U.S. corporate business 139.7 170.6 193.9 178.0 188.8 195.2 193.9 201.8 188.7 11

 12 FL263069500 Liab.: Nonfinancial corporate business 139.7 170.6 193.9 178.0 188.8 195.2 193.9 201.8 188.7 12

 Customers’ liability on acceptances outstanding

 13 FL763069703 Asset: U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 FL753069703 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 FL103169705 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 FL263169705 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 FL733069005 Holding company loans 75.7 64.8 24.0 62.3 55.1 37.7 24.0 23.2 22.0 17

 18 FL733069013 Liab.: Nonfinancial corporate business 71.7 61.6 23.1 59.3 52.6 35.3 23.1 22.3 21.1 18

 19 FL733069023 Rest of the world 4.0 3.2 0.9 3.0 2.5 2.4 0.9 0.9 0.9 19

 20 FL153169405 Policy loans (Household liability) 129.2 130.8 132.2 131.1 131.5 132.3 132.2 131.9 132.3 20

 21 FL313069403 Asset: Federal government 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 21

 22 FL543069405 Life insurance companies 128.8 130.5 131.9 130.8 131.2 132.0 131.9 131.6 132.0 22

 23 FL403069330 Federal Home Loan Banks advances (1) 492.6 565.7 631.2 536.6 588.2 586.2 631.2 613.8 685.0 23

 24 FL763169335 Liab.: U.S.-chartered depository institutions 410.1 468.2 498.7 436.0 478.1 460.2 498.7 484.5 549.0 24

 25 FL473169333 Credit unions 27.0 35.4 44.7 34.9 39.9 44.9 44.7 42.9 44.5 25

 26 FL513169333 Property-casualty insurance companies 2.1 2.2 2.3 2.2 2.1 2.1 2.3 2.2 3.5 26

 27 FL543169373 Life insurance companies 50.1 51.9 58.2 54.1 56.2 57.3 58.2 60.7 65.3 27

 28 FL613169333 Finance companies 2.3 2.1 3.7 2.1 2.1 2.9 3.7 3.7 3.7 28

 29 FL643169373 Real estate investment trusts 1.0 5.9 23.8 7.2 9.7 18.9 23.8 19.7 19.1 29

 30 FL403069395 Government-sponsored enterprise (GSE) loans (2) 95.0 106.1 115.0 105.0 106.6 110.3 115.0 116.3 119.4 30

 31 FL153169305 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 FL183169305 Nonfinancial corporate business (FCS) 7.0 8.6 9.8 9.2 8.9 9.2 9.8 10.8 11.0 32

 33 FL113169305 Nonfinancial noncorporate business (FCS) 88.0 97.5 105.2 95.8 97.6 101.1 105.2 105.5 108.3 33

 34 FL763169383 U.S.-chartered depository inst. (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 35 FL673069505 Securitized loans held by ABS issuers 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 35

 36 FL673069505 Liab.: Nonfinancial corporate business 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 36

 37 FL613069500 Finance company loans to business 401.3 411.5 425.1 412.3 416.3 422.8 425.1 410.1 410.5 37

 38 FL103169535 Liab.: Nonfinancial corporate business 361.2 370.4 382.6 371.1 374.6 380.5 382.6 369.1 369.4 38

 39 FL113169535 Nonfinancial noncorporate business 40.1 41.2 42.5 41.2 41.6 42.3 42.5 41.0 41.0 39

 40 FL663067003 Margin accounts at brokers and dealers 339.2 369.5 289.4 354.3 364.4 289.4 289.4 265.7 275.7 40

 41 FL663067003 Liab.: Household sector 339.2 369.5 289.4 354.3 364.4 289.4 289.4 265.7 275.7 41

 42 FL153067005 Cash accounts at brokers and dealers 815.5 869.0 820.6 870.5 843.6 844.6 820.6 860.1 863.8 42

 43 FL153067005 Asset: Household sector 815.5 869.0 820.6 870.5 843.6 844.6 820.6 860.1 863.8 43

 44 FL103169803 Loans to nonfinancial corporate business (3) 405.4 440.2 410.4 452.5 439.1 417.5 410.4 449.7 427.5 44

 45 FL153069803 Asset: Household sector 25.9 24.3 22.0 25.1 24.2 21.6 22.0 24.3 22.9 45

 46 FL543069873 Life insurance companies 25.1 31.4 29.6 32.1 30.1 29.9 29.6 33.5 31.9 46

 47 FL653069803 Mutual funds 145.1 154.5 138.9 160.4 154.4 141.6 138.9 144.4 139.5 47

 48 FL673069803 ABS issuers 148.3 159.3 158.3 170.6 167.0 159.2 158.3 173.8 162.3 48

 49 FL663069803 Brokers and dealers 50.4 58.6 48.7 52.6 51.2 51.8 48.7 56.4 51.4 49

 50 FL503069805 Funding corporations 10.6 12.1 12.9 11.6 12.2 13.1 12.9 17.3 19.5 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893065005 Total mortgages 13272.2 13442.8 13784.0 13462.9 13572.2 13680.9 13784.0 13848.6 13973.8 1

 2 FL893065105 Home 9882.5 9880.6 9974.4 9852.6 9897.0 9948.3 9974.4 9994.8 10054.7 2

 3 FL893065405 Multifamily residential 923.4 987.0 1089.3 1008.4 1032.2 1053.7 1089.3 1107.1 1136.6 3

 4 FL893065505 Commercial 2281.1 2378.2 2510.7 2401.8 2439.8 2472.5 2510.7 2536.3 2570.9 4

 5 FL893065603 Farm 185.2 197.0 209.5 200.1 203.2 206.3 209.5 210.5 211.5 5

 6 FL893065005 Total liabilities 13272.2 13442.8 13784.0 13462.9 13572.2 13680.9 13784.0 13848.6 13973.8 6

 7 FL153165005 Household sector 9606.6 9607.4 9700.3 9580.9 9624.4 9674.4 9700.3 9720.0 9778.5 7

 8 FL143165005 Nonfinancial business 3451.3 3604.0 3848.2 3646.4 3708.9 3764.1 3848.2 3894.1 3965.4 8

 9 FL103165005 Corporate 476.2 498.2 516.1 504.0 515.4 496.3 516.1 522.8 534.2 9

 10 FL113165005 Noncorporate 2975.1 3105.8 3332.2 3142.5 3193.4 3267.8 3332.2 3371.2 3431.2 10

 11 FL313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 FL643165005 REITs 214.3 231.4 235.4 235.5 238.8 242.4 235.4 234.6 229.9 12

 13 FL893065005 Total assets 13272.2 13442.8 13784.0 13462.9 13572.2 13680.9 13784.0 13848.6 13973.8 13

 14 FL153065005 Household sector 77.5 83.2 83.5 83.2 83.6 83.3 83.5 81.4 79.5 14

 15 FL103065003 Nonfinancial corporate business 27.1 31.9 36.8 33.2 34.4 35.6 36.8 38.0 39.2 15

 16 FL113065005 Nonfinancial noncorporate business 34.8 36.5 39.3 37.1 37.7 38.5 39.3 40.0 40.7 16

 17 FL313065005 Federal government 115.5 117.2 116.5 118.1 117.9 116.9 116.5 117.4 117.4 17

 18 FL213065005 State and local governments 204.0 209.7 221.5 213.5 214.0 217.8 221.5 222.7 225.0 18

 19 FL763065005 U.S.-chartered depository institutions 3983.5 4090.7 4296.3 4123.8 4180.2 4229.2 4296.3 4340.2 4432.6 19

 20 FL753065005 Foreign banking offices in U.S. 30.3 37.6 51.3 37.4 41.0 46.6 51.3 56.1 60.5 20

 21 FL743065003 Banks in U.S.-affiliated areas 32.4 30.4 26.6 27.8 27.1 26.8 26.6 26.6 26.2 21

 22 FL473065100 Credit unions 345.9 372.5 404.9 377.1 387.1 397.7 404.9 403.0 416.7 22

 23 FL513065503 Property-casualty insurance companies 7.9 9.9 12.3 10.4 10.9 11.5 12.3 13.4 13.8 23

 24 FL543065005 Life insurance companies 363.2 384.8 424.7 389.7 399.5 408.6 424.7 430.1 439.7 24

 25 FL573065005 Private pension funds 22.4 24.0 21.3 22.7 22.0 21.6 21.3 21.0 20.7 25

 26 FL223065043 State and local govt. retirement funds 9.5 10.0 9.6 10.2 10.4 9.9 9.6 8.3 8.2 26

 27 FL403065005 Government-sponsored enterprises (1) 4877.8 4870.5 4920.1 4868.0 4886.2 4914.8 4920.1 4929.0 4930.7 27

 28 FL413065005 Agency- and GSE-backed mortgage pools 1573.5 1648.5 1775.5 1646.2 1677.2 1729.5 1775.5 1803.9 1844.0 28

 29 FL673065005 ABS issuers 1195.3 1090.1 1006.6 1079.1 1067.1 1034.3 1006.6 972.4 940.6 29

 30 FL613065000 Finance companies 157.0 148.1 119.5 144.9 134.0 127.9 119.5 116.9 111.8 30

 31 FL643065005 REITs 214.7 247.3 217.7 240.7 241.7 230.4 217.7 228.3 226.3 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893065105 Total liabilities 9882.5 9880.6 9974.4 9852.6 9897.0 9948.3 9974.4 9994.8 10054.7 1

 2 FL153165105 Household sector 9403.9 9397.1 9479.6 9368.8 9409.3 9456.7 9479.6 9497.4 9553.2 2

 3 FL103165105 Nonfinancial corporate business 10.0 11.5 13.4 12.0 12.5 12.9 13.4 13.9 14.3 3

 4 FL113165105 Nonfinancial noncorporate business 468.6 472.0 481.4 471.9 475.2 478.7 481.4 483.5 487.3 4

 5 FL893065105 Total assets 9882.5 9880.6 9974.4 9852.6 9897.0 9948.3 9974.4 9994.8 10054.7 5

 6 FL153065103 Household sector 51.2 43.2 35.2 41.2 39.2 37.2 35.2 33.2 31.2 6

 7 FL103065105 Nonfinancial corporate business 16.2 19.2 22.1 19.9 20.6 21.3 22.1 22.8 23.5 7

 8 FL113065103 Nonfinancial noncorporate business 12.8 13.4 14.4 13.6 13.8 14.1 14.4 14.7 14.9 8

 9 FL313065105 Federal government 25.6 26.8 28.4 27.7 28.1 28.6 28.4 28.9 28.9 9

 10 FL213065103 State and local governments 105.1 108.0 114.1 109.9 110.2 112.2 114.1 114.7 115.9 10

 11 FL763065105 U.S.-chartered depository institutions 2385.7 2401.8 2449.3 2407.8 2432.8 2434.0 2449.3 2458.7 2501.7 11

 12 FL753065103 Foreign banking offices in U.S. 1.4 2.9 1.5 2.8 2.8 2.6 1.5 1.4 1.1 12

 13 FL743065103 Banks in U.S.-affiliated areas 18.9 17.4 15.8 16.5 16.3 16.1 15.8 15.7 15.5 13

 14 FL473065100 Credit unions 345.9 372.5 404.9 377.1 387.1 397.7 404.9 403.0 416.7 14

 15 FL543065105 Life insurance companies 11.3 13.7 17.7 13.8 14.8 15.9 17.7 18.0 18.5 15

 16 FL573065103 Private pension funds 1.4 1.4 1.2 1.3 1.3 1.3 1.2 1.2 1.2 16

 17 FL223065143 State and local govt. retirement funds 3.4 3.6 3.5 3.7 3.7 3.6 3.5 3.0 2.8 17

 18 FL403065105 Government-sponsored enterprises 4546.4 4537.9 4568.7 4528.3 4540.2 4568.4 4568.7 4574.7 4574.9 18

 19 FL413065105 Agency- and GSE-backed mortgage pools 1423.9 1474.8 1568.8 1468.9 1491.1 1536.5 1568.8 1587.7 1614.8 19

 20 FL673065105 ABS issuers 787.3 695.6 593.0 676.1 649.0 618.0 593.0 581.7 558.2 20

 21 FL613065105 Finance companies 114.7 104.6 89.8 101.1 96.6 92.9 89.8 87.9 84.8 21

 22 FL643065105 REITs 31.3 44.0 46.1 43.0 49.2 48.1 46.1 47.5 50.2 22

 Memo:

 23 FL893065125 Home equity loans included above (2) 703.3 673.0 634.9 660.7 652.7 643.3 634.9 624.0 618.5 23

 24 FL763065125 U.S.-chartered depository institutions 596.2 568.2 532.9 557.5 550.0 541.1 532.9 523.4 516.4 24

 25 FL753065203 Foreign banking offices in U.S. 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 25

 26 FL473065125 Credit unions 72.0 73.6 75.7 73.2 74.1 74.8 75.7 75.3 78.2 26

 27 FL673065123 ABS issuers 11.8 9.8 8.0 9.4 8.9 8.4 8.0 7.5 6.7 27

 28 FL613065123 Finance companies 22.9 20.9 18.0 20.2 19.3 18.6 18.0 17.6 17.0 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 FL893065405 Total liabilities 923.4 987.0 1089.3 1008.4 1032.2 1053.7 1089.3 1107.1 1136.6 1

 2 FL103165405 Nonfinancial corporate business 44.7 47.8 52.9 48.8 50.0 51.1 52.9 53.8 55.3 2

 3 FL113165405 Nonfinancial noncorporate business 849.1 908.2 1005.6 927.7 949.5 970.5 1005.6 1022.4 1050.0 3

 4 FL313165403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL643165483 REITs 29.7 31.1 30.8 31.8 32.6 32.1 30.8 30.8 31.4 5

 6 FL893065405 Total assets 923.4 987.0 1089.3 1008.4 1032.2 1053.7 1089.3 1107.1 1136.6 6

 7 FL153065403 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FL103065403 Nonfinancial corporate business 0.4 0.5 0.6 0.5 0.5 0.5 0.6 0.6 0.6 8

 9 FL113065403 Nonfinancial noncorporate business 11.8 12.4 13.3 12.6 12.8 13.0 13.3 13.6 13.8 9

 10 FL313065405 Federal government 13.8 13.2 12.8 13.1 13.0 12.8 12.8 12.8 12.7 10

 11 FL213065403 State and local governments 81.6 83.9 88.6 85.4 85.6 87.1 88.6 89.1 90.0 11

 12 FL763065403 U.S.-chartered depository institutions 287.9 325.9 376.9 334.9 345.8 360.9 376.9 386.0 400.3 12

 13 FL753065403 Foreign banking offices in U.S. 1.1 1.3 2.4 1.4 1.6 2.2 2.4 2.6 3.4 13

 14 FL543065405 Life insurance companies 53.6 56.4 60.6 57.0 58.2 59.4 60.6 62.5 64.1 14

 15 FL573065403 Private pension funds 2.2 2.1 1.9 2.1 2.0 1.9 1.9 1.8 1.8 15

 16 FL223065443 State and local govt. retirement funds 2.8 3.0 2.9 3.1 3.1 3.0 2.9 2.5 2.4 16

 17 FL403065405 Government-sponsored enterprises 243.5 240.8 256.9 247.1 252.8 252.8 256.9 259.1 259.8 17

 18 FL413065405 Agency- and GSE-backed mortgage pools 147.8 172.1 204.3 175.7 184.6 190.6 204.3 213.4 226.5 18

 19 FL673065405 ABS issuers 70.8 68.4 62.0 68.8 66.2 63.3 62.0 57.0 55.3 19

 20 FL613065403 Finance companies 2.0 2.0 1.2 2.1 1.3 1.3 1.2 1.2 1.2 20

 21 FL643065405 REITs 4.1 5.1 4.8 4.7 4.6 4.9 4.8 4.9 4.8 21
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L.220 Commercial Mortgages

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893065505 Total liabilities 2281.1 2378.2 2510.7 2401.8 2439.8 2472.5 2510.7 2536.3 2570.9 1

 2 FL163165505 Household sector 202.7 210.3 220.7 212.2 215.1 217.7 220.7 222.6 225.3 2

 3 FL103165505 Nonfinancial corporate business 374.2 387.3 393.7 390.0 398.6 377.0 393.7 398.8 408.3 3

 4 FL113165505 Nonfinancial noncorporate business 1519.6 1580.3 1691.7 1595.9 1619.9 1667.6 1691.7 1711.1 1738.8 4

 5 FL643165583 REITs 184.6 200.4 204.7 203.7 206.2 210.3 204.7 203.8 198.6 5

 6 FL893065505 Total assets 2281.1 2378.2 2510.7 2401.8 2439.8 2472.5 2510.7 2536.3 2570.9 6

 7 FL153065505 Household sector 17.6 19.0 21.2 19.5 20.0 20.6 21.2 21.9 22.6 7

 8 FL103065503 Nonfinancial corporate business 10.4 12.3 14.2 12.8 13.2 13.7 14.2 14.6 15.1 8

 9 FL113065503 Nonfinancial noncorporate business 9.6 10.0 10.8 10.2 10.4 10.6 10.8 11.0 11.2 9

 10 FL313065505 Federal government 71.9 72.1 69.3 71.9 71.3 69.8 69.3 69.7 69.7 10

 11 FL213065503 State and local governments 16.3 16.8 17.7 17.1 17.1 17.4 17.7 17.8 18.0 11

 12 FL763065503 U.S.-chartered depository institutions 1241.0 1301.1 1406.3 1318.7 1338.7 1371.0 1406.3 1431.3 1465.7 12

 13 FL753065503 Foreign banking offices in U.S. 27.8 33.2 47.2 33.1 36.4 41.7 47.2 51.8 55.8 13

 14 FL743065505 Banks in U.S.-affiliated areas 13.5 13.0 10.8 11.3 10.8 10.8 10.8 10.9 10.8 14

 15 FL513065503 Property-casualty insurance companies 7.9 9.9 12.3 10.4 10.9 11.5 12.3 13.4 13.8 15

 16 FL543065505 Life insurance companies 286.3 301.2 332.6 305.3 312.8 319.5 332.6 335.8 343.1 16

 17 FL573065505 Private pension funds 18.8 20.5 18.2 19.3 18.7 18.4 18.2 18.0 17.8 17

 18 FL223065545 State and local govt. retirement funds 3.2 3.4 3.3 3.5 3.5 3.4 3.3 2.8 2.9 18

 19 FL413065505 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 FL673065505 ABS issuers 337.1 326.1 351.5 334.1 351.9 353.0 351.5 333.7 327.2 20

 21 FL613065503 Finance companies 40.3 41.4 28.5 41.7 36.2 33.8 28.5 27.8 25.8 21

 22 FL643065505 REITs 179.3 198.2 166.8 193.1 187.9 177.4 166.8 175.8 171.4 22

L.221 Farm Mortgages (1)

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

 1 FL893065603 Total liabilities 185.2 197.0 209.5 200.1 203.2 206.3 209.5 210.5 211.5 1

 2 FL183165605 Nonfinancial corporate business 47.3 51.7 56.0 53.1 54.4 55.3 56.0 56.3 56.4 2

 3 FL233165605 Nonfinancial noncorporate business 137.9 145.3 153.5 146.9 148.8 151.0 153.5 154.2 155.1 3

 4 FL893065603 Total assets 185.2 197.0 209.5 200.1 203.2 206.3 209.5 210.5 211.5 4

 5 FL153065605 Household sector 8.7 21.0 27.1 22.6 24.5 25.6 27.1 26.3 25.7 5

 6 FL113065603 Nonfinancial noncorporate business 0.7 0.7 0.8 0.7 0.8 0.8 0.8 0.8 0.8 6

 7 FL313065605 Federal government 4.2 5.2 5.9 5.4 5.5 5.7 5.9 6.0 6.2 7

 8 FL213065603 State and local governments 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 8

 9 FL763065633 U.S.-chartered depository institutions 68.9 62.0 63.8 62.4 62.8 63.3 63.8 64.3 64.8 9

 10 FL753065603 Foreign banking offices in U.S. 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 10

 11 FL543065633 Life insurance companies 12.0 13.4 13.8 13.5 13.6 13.7 13.8 13.9 14.0 11

 12 FL223065643 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 FL403065605 Government-sponsored enterprises 87.9 91.8 94.5 92.6 93.2 93.7 94.5 95.2 96.1 13

 14 FL413065605 Agency- and GSE-backed mortgage pools 1.8 1.6 2.3 1.6 1.6 2.4 2.3 2.7 2.7 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL153166000 Total liabilities (Households) 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 1

 2 FL153166000 Total assets 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 2

 3 FL163066223 Households (nonprofit organizations) (1) 51.8 47.6 44.2 46.8 46.1 45.5 44.2 42.8 41.4 3

 4 FL103066005 Nonfinancial corporate business 43.4 44.4 43.6 43.2 44.8 45.0 43.6 41.7 41.9 4

 5 FL113066003 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FL313066220 Federal government (2) 735.5 846.2 949.7 887.3 901.4 936.5 949.7 989.7 1001.1 6

 7 FL763066000 U.S.-chartered depository institutions 1271.6 1343.1 1428.3 1312.1 1349.6 1383.6 1428.3 1405.8 1446.6 7

 8 FL473066000 Credit unions 265.6 302.8 342.3 307.7 322.7 333.4 342.3 345.1 357.8 8

 9 FL403066005 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 FL673066000 ABS issuers 49.1 49.8 46.0 48.2 51.2 48.0 46.0 44.8 49.2 10

 11 FL613066005 Finance companies 679.1 684.1 681.7 677.5 682.1 689.3 681.7 669.4 667.2 11

 Memo:

 12 FL153166100 Credit card loans (3) 857.7 891.5 937.9 849.5 875.7 891.3 937.9 902.7 930.5 12

 13 FL153166400 Auto loans 878.8 957.9 1038.8 972.2 998.4 1030.1 1038.8 1046.9 1071.5 13

 14 FL153166220 Student loans (4) 1146.5 1236.3 1318.4 1272.4 1279.2 1312.1 1318.4 1355.6 1363.5 14

 15 FL153166205 Other consumer credit (5) 213.3 232.3 240.7 228.7 244.5 247.8 240.7 234.2 239.8 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 LM893064105 Issues at market value 33461.9 36731.0 35756.2 37669.8 37526.8 34213.9 35756.2 35571.1 36111.7 1

 2 LM883164105 Domestic sectors 26989.0 29960.4 28928.0 30481.3 30173.5 27608.3 28928.0 28833.8 29408.3 2

 3 LM103164103 Nonfinancial corporate business 20560.6 22679.7 21681.4 23067.0 22699.8 20654.6 21681.4 21781.3 22152.0 3

 4 LM103164115 Publicly traded (2) 16890.9 18685.1 17721.4 18751.5 18499.4 16847.0 17721.4 17742.1 18055.4 4

 5 LM103164123 Closely held 3669.6 3994.6 3960.0 4315.5 4200.4 3807.7 3960.0 4039.2 4096.6 5

 6 LM793164105 Financial corporations 6428.4 7280.7 7246.6 7414.3 7473.7 6953.7 7246.6 7052.5 7256.3 6

 7 LM793164115 Publicly traded (3) 6052.2 6861.0 6830.5 6960.9 7032.3 6553.6 6830.5 6628.1 6825.9 7

 8 LM793164123 Closely held 376.2 419.7 416.1 453.4 441.3 400.1 416.1 424.4 430.4 8

 9 LM263164103 Rest of the world (4) 6472.9 6770.6 6828.2 7188.5 7353.3 6605.6 6828.2 6737.3 6703.5 9

 10 LM893064105 Holdings at market value 33461.9 36731.0 35756.2 37669.8 37526.8 34213.9 35756.2 35571.1 36111.7 10

 11 LM153064105 Household sector 12849.7 14364.9 14158.2 14901.5 14834.8 13491.7 14158.2 14196.3 14524.3 11

 12 LM313064105 Federal government 35.1 33.4 33.4 33.3 33.5 33.4 33.4 33.4 33.4 12

 13 LM213064103 State and local governments 162.4 173.8 178.0 176.6 176.5 171.0 178.0 178.9 181.9 13

 14 FL713064103 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 LM763064105 U.S.-chartered depository institutions 101.3 108.5 100.0 109.0 108.4 94.0 100.0 93.6 97.3 15

 16 FL753064103 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 17 LM513064105 Property-casualty insurance companies 310.4 325.4 316.8 320.4 317.0 303.0 316.8 316.2 311.9 17

 18 LM543064105 Life insurance companies 298.5 316.5 306.2 320.1 320.0 296.4 306.2 310.4 317.7 18

 19 LM573064105 Private pension funds 2243.8 2284.3 2163.9 2314.0 2271.8 2071.4 2163.9 2148.6 2172.1 19

 20 LM343064105 Federal government retirement funds 206.2 218.7 219.0 226.3 225.9 206.2 219.0 216.6 219.3 20

 21 LM223064145 State and local govt. retirement funds 2172.1 2257.8 2157.2 2269.6 2243.0 2057.7 2157.2 2155.1 2154.7 21

 22 LM653064100 Mutual funds 8227.3 8799.2 8625.3 9061.6 9118.1 8282.6 8625.3 8555.7 8620.7 22

 23 LM553064103 Closed-end funds 114.2 119.3 99.7 118.6 115.9 101.4 99.7 97.6 101.6 23

 24 LM563064103 Exchange-traded funds 1364.2 1620.0 1709.5 1683.3 1709.3 1568.4 1709.5 1709.8 1746.7 24

 25 LM663064103 Brokers and dealers 172.4 187.8 166.8 162.9 164.2 143.3 166.8 136.8 141.6 25

 26 FL503064105 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

 27 LM263064105 Rest of the world (5) 5204.4 5921.5 5522.2 5972.6 5888.4 5393.3 5522.2 5421.9 5488.5 27

 Memo:

 28 LM883164115 Publicly traded equity at market value (6) 22943.2 25546.1 24551.9 25712.4 25531.7 23400.6 24551.9 24370.2 24881.2 28

 29 LM883164125 Closely held equity at market value (7) 4045.8 4414.3 4376.1 4768.9 4641.8 4207.7 4376.1 4463.6 4527.0 29

 30 LM883164133 S corporations 2536.5 2918.8 2752.1 3035.2 3038.1 2666.8 2752.1 2699.1 2790.9 30

 31 LM883164135 C corporations 1509.3 1495.5 1624.0 1733.7 1603.7 1541.0 1624.0 1764.5 1736.1 31

 32 PC073164013 Percent change in Dow Jones U.S. Total Market Index (8) 30.9 10.4 -1.5 1.3 -0.4 -7.7 5.7 0.4 2.1 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 LM653164205 Shares at market value 12333.0 13150.6 12897.2 13519.9 13533.6 12605.7 12897.2 12962.1 13208.8 1

 2 LM653164205 Holdings at market value 12333.0 13150.6 12897.2 13519.9 13533.6 12605.7 12897.2 12962.1 13208.8 2

 3 LM153064205 Household sector 6250.3 6726.7 6519.4 6822.8 6814.1 6376.1 6519.4 6529.8 6672.9 3

 4 LM103064203 Nonfinancial corporate business 211.0 234.5 235.7 241.1 242.1 228.3 235.7 238.1 244.1 4

 5 LM213064203 State and local governments 78.5 84.4 86.5 85.8 85.8 82.9 86.5 87.0 88.5 5

 6 LM763064203 U.S.-chartered depository institutions 57.9 59.7 54.9 59.4 59.9 53.5 54.9 56.3 57.7 6

 7 LM473064205 Credit unions 2.2 2.1 1.9 2.0 2.1 2.1 1.9 1.9 2.0 7

 8 LM513064203 Property-casualty insurance companies 14.8 16.8 17.4 17.5 17.7 16.8 17.4 17.7 17.7 8

 9 LM543064205 Life insurance companies 1652.9 1702.7 1634.5 1731.3 1715.5 1591.8 1634.5 1625.3 1644.0 9

 10 LM573064205 Private pension funds 3007.6 3175.5 3216.7 3349.8 3358.3 3126.8 3216.7 3259.1 3317.6 10

 11 LM223064205 State and local govt. retirement funds 505.9 540.5 548.0 564.2 575.4 532.3 548.0 551.2 566.3 11

 12 LM263064203 Rest of the world 552.0 607.8 582.2 646.0 662.6 595.2 582.2 595.9 597.9 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds and exchange-traded funds.
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L.225 Trade Credit

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893170005 Total trade payables 3822.2 4004.2 4077.3 4022.8 4084.2 4085.5 4077.3 4086.8 4170.5 1

 2 FL163170003 Household sector 255.0 258.1 259.4 258.5 258.9 259.2 259.4 259.4 259.4 2

 3 FL103170005 Nonfinancial corporate business 1938.3 2047.1 2013.9 2040.1 2066.7 2040.3 2013.9 1991.2 2047.1 3

 4 FL113170005 Nonfinancial noncorporate business 527.5 562.4 608.4 575.7 585.4 595.9 608.4 620.0 629.0 4

 5 FL313170005 Federal government 249.8 249.1 261.9 251.5 262.1 267.6 261.9 270.1 278.4 5

 6 FL213170003 State and local governments 783.6 822.5 862.7 832.3 842.4 852.6 862.7 872.8 883.0 6

 7 FL663170003 Brokers and dealers 14.5 17.9 26.3 19.2 23.6 24.2 26.3 25.3 26.9 7

 8 FL263170003 Rest of the world 53.4 47.0 44.7 45.5 45.0 45.7 44.7 48.0 46.7 8

 9 FL893070005 Total trade receivables 3707.8 3829.0 3902.8 3901.6 3969.8 3972.6 3902.8 3961.2 4080.6 9

 10 FL103070005 Nonfinancial corporate business 2554.8 2625.6 2610.1 2676.0 2719.7 2704.7 2610.1 2643.9 2733.6 10

 11 FL113070003 Nonfinancial noncorporate business 647.8 678.4 731.4 689.0 701.5 714.9 731.4 744.0 756.6 11

 12 FL313070000 Federal government 53.6 48.4 61.2 50.2 50.5 49.8 61.2 63.9 67.4 12

 13 FL213070003 State and local governments 172.6 182.7 183.6 183.1 185.7 184.5 183.6 182.8 187.3 13

 14 FL513070003 Property-casualty insurance companies 95.2 100.8 106.8 106.1 109.3 110.7 106.8 111.0 114.4 14

 15 FL673070003 ABS issuers 35.7 31.3 34.1 31.5 32.2 31.7 34.1 35.5 35.1 15

 16 FL263070003 Rest of the world 148.0 161.7 175.6 165.7 171.0 176.3 175.6 180.1 186.2 16

 17 FL903070005 Discrepancy 114.4 175.2 174.6 121.2 114.4 112.9 174.6 125.6 89.9 17

L.226 Life Insurance Reserves

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

 1 FL883140005 Total liabilities 1416.8 1477.4 1515.8 1496.9 1503.9 1500.8 1515.8 1531.8 1547.7 1

 2 FL313140003 Federal government 50.5 51.3 51.1 50.7 51.0 50.8 51.1 51.1 51.2 2

 3 FL543140005 Life insurance companies 1366.3 1426.1 1464.6 1446.2 1452.9 1450.0 1464.6 1480.8 1496.5 3

 4 FL883140005 Net change in assets 1416.8 1477.4 1515.8 1496.9 1503.9 1500.8 1515.8 1531.8 1547.7 4

 5 FL153040005 Households 1233.0 1282.8 1310.6 1300.0 1303.8 1298.3 1310.6 1324.3 1337.7 5

 6 FL763040005 U.S.-chartered depository institutions 143.8 149.6 156.2 150.9 153.1 154.5 156.2 157.6 159.0 6

 7 FL733040005 Holding companies 39.9 45.0 49.0 46.0 47.0 48.0 49.0 50.0 51.0 7
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L.227 Pension Entitlements

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL153050005 Total liabilities 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 1

 2 FL543150005 Life insurance companies (1) 2705.5 2825.0 2846.9 2846.5 2857.9 2786.7 2846.9 2873.5 2928.3 2

 3 FL574190005 Private pension funds (2) 8135.1 8462.0 8669.0 8719.7 8749.7 8484.7 8669.0 8754.6 8875.3 3

 4 FL344090005 Federal government retirement funds (3) 3536.6 3656.1 3764.0 3687.3 3713.1 3720.6 3764.0 3791.5 3821.4 4

 5 FL224190005 State and local govt. retirement funds 5483.6 5715.5 5967.6 5786.0 5849.1 5886.4 5967.6 6035.6 6108.0 5

 6 FL153050005 Total assets (Households) (4) 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 6

 Memo:

 7 LM893131573 Individual Retirement Accounts (IRAs): (5) 6835.0 7266.0 7329.0 7445.0 7504.0 7133.0 7329.0 7400.0 ND 7

 8 FL763131573 U.S.-chartered depository institutions 427.6 427.8 445.8 419.2 428.0 442.3 445.8 453.9 ND 8

 9 FL473131573 Credit unions 79.2 77.6 77.4 77.4 77.3 77.4 77.4 77.8 ND 9

 10 LM543131503 Life insurance companies 545.0 567.0 571.0 571.0 574.0 560.0 571.0 576.0 ND 10

 11 FL633131573 Money market mutual funds 228.0 218.0 214.0 211.0 213.0 221.0 214.0 217.0 ND 11

 12 LM653131573 Mutual funds 2917.0 3123.0 3099.0 3216.0 3230.0 3011.0 3099.0 3110.0 ND 12

 13 LM153131575 Other self-directed accounts 2638.2 2852.6 2921.9 2950.4 2981.6 2821.3 2921.9 2965.3 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 FL893178005 Total taxes payable by all businesses 96.3 115.2 108.9 142.5 128.5 124.9 108.9 122.4 115.7 1

 2 FL103178000 Nonfinancial corporate business 44.9 43.5 41.7 58.1 56.1 56.8 41.7 40.2 33.8 2

 3 FL113178003 Nonfinancial noncorporate business 110.5 114.3 123.2 118.1 119.6 121.2 123.2 124.8 126.3 3

 4 FL763178003 U.S.-chartered depository institutions -47.4 -32.3 -36.7 -27.5 -34.4 -32.2 -36.7 -26.3 -21.9 4

 5 FL513178003 Property-casualty insurance companies 8.4 10.3 2.1 10.6 5.9 0.1 2.1 3.4 -0.7 5

 6 FL543178073 Life insurance companies -30.5 -32.4 -33.1 -29.9 -31.3 -33.5 -33.1 -31.7 -32.8 6

 7 FL613178003 Finance companies 6.8 7.8 8.4 8.2 8.4 8.5 8.4 8.0 7.5 7

 8 FL663178003 Brokers and dealers 3.7 4.0 3.2 4.9 4.2 4.1 3.2 4.1 3.5 8

 9 FL893078005 Total business taxes receivable 287.3 302.9 332.0 309.5 311.2 323.6 332.0 336.9 346.9 9

 10 FL313078005 Federal government 163.4 165.6 181.3 169.6 173.5 177.4 181.3 185.3 189.2 10

 11 FL213078005 State and local governments 123.8 137.2 150.6 139.9 137.7 146.2 150.6 151.6 157.7 11

 12 FL903078005 Discrepancy -191.0 -187.7 -223.1 -167.0 -182.6 -198.7 -223.1 -214.5 -231.1 12

L.229 Proprietors’ Equity in Noncorporate Business

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

 1 FL152090205 Total household equity 9326.3 9980.7 10747.6 10244.9 10396.1 10564.9 10747.6 10813.7 10978.7 1

 2 FL112090205 Nonfinancial noncorporate business 9310.0 9962.8 10732.9 10227.2 10379.3 10547.5 10732.9 10801.4 10967.8 2

 3 FL662090205 Brokers and dealers 16.3 17.9 14.7 17.6 16.8 17.5 14.7 12.3 10.9 3
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L.230 Direct Investment

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 U.S. direct investment abroad:

 1 FL263192005 Liab.: Rest of the world (1) 5214.6 5457.9 5648.6 5506.0 5581.1 5593.2 5648.6 5752.3 5895.4 1

 2 FL263192101 Equity 5014.7 5277.9 5453.9 5308.7 5377.0 5424.5 5453.9 5550.4 5657.4 2

 3 FL263192305 Intercompany debt (2) 199.9 180.1 194.6 197.2 204.1 168.7 194.6 201.9 197.0 3

 4 FL263192313 U.S. parents’ claims 698.1 700.4 742.8 725.6 747.2 722.4 742.8 752.8 768.0 4

 5 FL263092313 Less: U.S. parents’ liabilities 498.2 520.3 548.2 528.4 543.1 553.8 548.2 550.9 557.8 5

 6 FL103092005 Asset: Nonfinancial corporate business 4389.5 4615.6 4807.2 4651.9 4714.2 4724.6 4807.2 4899.4 5013.0 6

 7 FL763092000 U.S.-chartered depository institutions 268.6 261.0 253.2 262.2 264.0 262.1 253.2 254.6 254.6 7

 8 FL513092003 Property-casualty insurance companies 107.0 113.4 111.8 114.1 117.2 117.6 111.8 112.2 113.2 8

 9 FL543092073 Life insurance companies 68.4 68.9 60.0 70.8 70.7 69.4 60.0 60.7 61.8 9

 10 FL613092003 Finance companies 223.3 228.0 232.8 234.4 237.7 239.7 232.8 236.9 261.2 10

 11 FL663092003 Brokers and dealers 157.8 171.0 183.7 172.5 177.3 179.7 183.7 188.4 191.6 11

 Foreign direct investment in U.S.:

 12 FL103192005 Liab.: Nonfinancial corporate business 2580.2 2740.6 2964.8 2842.9 2903.0 2945.8 2964.8 2976.5 3028.9 12

 13 FL115114005 Nonfinancial noncorporate business 7.1 10.2 11.8 11.0 11.4 11.6 11.8 12.1 12.5 13

 14 FL753192003 Foreign banking offices in U.S. 214.9 202.8 197.9 199.7 203.2 203.7 197.9 199.8 201.3 14

 15 FL513192003 Property-casualty insurance companies 44.1 67.9 77.0 67.6 67.7 71.0 77.0 104.1 104.1 15

 16 FL543192073 Life insurance companies 88.1 97.0 91.8 105.1 105.4 105.2 91.8 100.6 100.9 16

 17 FL613192003 Finance companies 73.4 82.7 63.8 84.3 83.1 75.2 63.8 64.5 65.5 17

 18 FL663192003 Brokers and dealers 126.7 131.2 155.0 133.1 137.1 144.3 155.0 172.1 175.5 18

 19 FL503192003 Funding corporations 13.2 13.8 14.4 14.0 14.1 14.3 14.4 14.6 14.7 19

 20 FL263092001 Asset: Rest of the world (1) 3147.8 3346.3 3576.4 3457.7 3525.0 3571.1 3576.4 3644.2 3703.5 20

 21 FL263092101 Equity 2642.6 2788.3 2984.5 2883.1 2926.7 2968.4 2984.5 3029.0 3061.1 21

 22 FL263092303 Intercompany debt 505.2 558.0 591.9 574.6 598.3 602.7 591.9 615.3 642.4 22

 23 FL263092323 U.S. affiliates’ liabilities 873.5 945.7 1016.3 985.9 1022.2 1024.9 1016.3 1041.5 1077.3 23

 24 FL263192323 Less: U.S. affiliates’ claims 368.3 387.7 424.4 411.3 424.0 422.1 424.4 426.3 426.9 24

 Memo:

 Direct investment, asset/liability presentation:

 25 FL263192035 Direct investment assets 6081.1 6365.9 6621.2 6445.7 6548.2 6569.1 6621.2 6729.5 6852.3 25

 26 FL263192101 Equity (line 2) 5014.7 5277.9 5453.9 5308.7 5377.0 5424.5 5453.9 5550.4 5657.4 26

 27 FL263192345 Intercompany debt 1066.5 1088.1 1167.2 1136.9 1171.2 1144.6 1167.2 1179.1 1194.9 27

 28 FL263192313 U.S. parents’ claims (line 4) 698.1 700.4 742.8 725.6 747.2 722.4 742.8 752.8 768.0 28

 29 FL263192323 U.S. affiliates’ claims (line 24) 368.3 387.7 424.4 411.3 424.0 422.1 424.4 426.3 426.9 29

 30 FL263092035 Direct investment liabilities 4014.3 4254.3 4549.0 4397.4 4492.1 4547.0 4549.0 4621.4 4696.1 30

 31 FL263092101 Equity (line 21) 2642.6 2788.3 2984.5 2883.1 2926.7 2968.4 2984.5 3029.0 3061.1 31

 32 FL263092345 Intercompany debt 1371.7 1466.0 1564.5 1514.3 1565.3 1578.6 1564.5 1592.4 1635.1 32

 33 FL263092313 U.S. parents’ liabilities (line 5) 498.2 520.3 548.2 528.4 543.1 553.8 548.2 550.9 557.8 33

 34 FL263092323 U.S. affiliates’ liabilities (line 23) 873.5 945.7 1016.3 985.9 1022.2 1024.9 1016.3 1041.5 1077.3 34

 Alternative valuations of direct investment assets:

 U.S. direct investment abroad:

 35 LM263192045 Market value 6254.2 6225.1 6005.7 6392.1 6417.0 5809.1 6005.7 6035.2 6114.5 35

 36 LM263192141 Equity 6054.2 6045.1 5811.1 6194.9 6212.9 5640.5 5811.1 5833.3 5917.5 36

 37 LM263192305 Intercompany debt 199.9 180.1 194.6 197.2 204.1 168.7 194.6 201.9 197.0 37

 38 FL263192055 Historical cost 4579.7 4829.4 5040.6 4882.6 4962.9 4980.1 5040.6 5144.4 5189.1 38

 39 FL263192151 Equity 4379.8 4649.4 4846.0 4685.4 4758.8 4811.4 4846.0 4942.4 4992.1 39

 40 FL263192305 Intercompany debt 199.9 180.1 194.6 197.2 204.1 168.7 194.6 201.9 197.0 40

 Foreign direct investment in U.S.:

 41 LM263092045 Market value 4948.4 5442.0 5571.2 5596.5 5621.9 5284.4 5571.2 5660.5 5587.5 41

 42 LM263092141 Equity 4443.2 4884.1 4979.3 5021.9 5023.7 4681.6 4979.3 5045.2 4945.1 42

 43 LM263092303 Intercompany debt 505.2 558.0 591.9 574.6 598.3 602.7 591.9 615.3 642.4 43

 44 FL263092055 Historical cost 2727.8 2913.3 3134.2 3022.4 3087.4 3131.2 3134.2 3202.0 3151.9 44

 45 FL263092151 Equity 2222.6 2355.3 2542.3 2447.8 2489.1 2528.5 2542.3 2586.7 2509.5 45

 46 FL263092303 Intercompany debt 505.2 558.0 591.9 574.6 598.3 602.7 591.9 615.3 642.4 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893190005 Total liabilities 15786.3 16554.7 16866.4 16735.0 16862.0 17413.3 16866.4 17165.2 17405.7 1

 2 FL543077073 Household sector 27.9 29.1 30.6 30.2 31.0 30.6 30.6 31.8 32.7 2

 3 FL103190005 Nonfinancial corporate business 3702.8 4036.5 4164.6 3950.1 3888.6 3984.4 4164.6 4175.7 4136.9 3

 4 FL113193003 Nonfinancial noncorporate business 1261.5 1300.4 1305.7 1316.0 1315.9 1311.8 1305.7 1298.1 1290.5 4

 5 FL313190005 Federal government 2034.9 2065.3 2087.5 2192.8 2343.7 2462.9 2087.5 2124.2 2149.3 5

 6 FL223073045 State and local governments 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 6

 7 FL713190005 Monetary authority 43.5 47.0 47.6 50.4 50.1 48.7 47.6 48.6 48.1 7

 8 FL763190005 U.S.-chartered depository institutions 2516.2 2851.0 2889.3 2863.0 2887.7 2929.8 2889.3 2949.6 3068.8 8

 9 FL753190005 Foreign banking offices in U.S. 234.6 222.8 213.7 225.7 214.2 220.8 213.7 254.7 256.2 9

 10 FL743193005 Banks in U.S.-affiliated areas 14.3 12.7 10.4 11.8 12.6 10.9 10.4 10.8 10.7 10

 11 FL473193005 Credit unions 14.2 15.4 16.0 15.9 16.7 15.7 16.0 21.0 17.1 11

 12 FL513190005 Property-casualty insurance companies 813.1 827.8 842.6 825.0 833.4 843.7 842.6 849.0 853.6 12

 13 FL543190005 Life insurance companies 1402.5 1438.5 1435.1 1469.7 1440.0 1442.8 1435.1 1472.7 1533.5 13

 14 FL403190005 Government-sponsored enterprises 114.7 111.0 106.5 110.0 104.9 106.0 106.5 105.0 105.5 14

 15 FL613190005 Finance companies 134.5 126.1 122.6 123.5 116.5 118.2 122.6 97.3 81.4 15

 16 FL643193005 REITs 74.1 82.3 80.4 81.3 82.9 93.3 80.4 85.1 92.5 16

 17 FL663190005 Brokers and dealers 408.7 388.8 390.8 395.3 401.7 393.4 390.8 370.0 372.5 17

 18 FL733193005 Holding companies 739.4 708.2 408.9 699.0 686.0 629.6 408.9 403.0 398.3 18

 19 FL503190005 Funding corporations 651.2 638.0 721.6 673.2 694.3 727.3 721.6 808.2 829.8 19

 20 FL263190005 Rest of the world 160.8 149.8 160.3 160.0 150.7 165.0 160.3 161.3 180.7 20

 21 FL893090005 Total assets 23598.0 24770.4 25903.6 25294.6 25657.1 26405.4 25903.6 26504.6 26801.3 21

 22 FL153090005 Household sector 909.6 917.4 951.3 918.9 922.7 935.6 951.3 961.5 973.8 22

 23 FL103090005 Nonfinancial corporate business 7353.3 7877.3 8650.3 8047.8 8202.0 8351.8 8650.3 8745.3 8779.9 23

 24 FL113090005 Nonfinancial noncorporate business 2694.6 2831.8 3012.4 2872.1 2920.3 2960.0 3012.4 3050.7 3101.9 24

 25 FL313090005 Federal government 146.1 158.6 173.0 163.5 167.9 170.6 173.0 176.6 179.4 25

 26 FL213093003 State and local governments 105.4 112.9 124.1 116.1 117.6 123.9 124.1 124.8 126.1 26

 27 FL713090005 Monetary authority 233.1 235.5 216.8 228.9 224.9 219.7 216.8 211.0 209.3 27

 28 FL763090005 U.S.-chartered depository institutions 528.0 539.5 540.1 551.5 534.0 558.8 540.1 576.0 609.8 28

 29 FL753093005 Foreign banking offices in U.S. 57.0 71.3 58.4 75.8 69.9 61.0 58.4 64.1 70.5 29

 30 FL743093005 Banks in U.S.-affiliated areas 20.5 33.4 34.9 31.3 36.9 36.1 34.9 40.3 37.1 30

 31 FL473090005 Credit unions 61.1 66.4 72.6 75.3 71.6 71.6 72.6 80.3 85.8 31

 32 FL513092403 Property-casualty insurance companies 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 32

 33 FL543090005 Life insurance companies 406.8 480.5 484.8 503.6 489.3 505.9 484.8 523.6 560.4 33

 34 FL573090005 Private pension funds 1458.6 1547.6 1793.5 1598.5 1653.0 1803.1 1793.5 1839.1 1865.2 34

 35 FL343073005 Federal government retirement funds 1785.7 1806.2 1821.7 1937.9 2091.7 2210.6 1821.7 1860.2 1883.5 35

 36 FL223090005 State and local govt. retirement funds 1743.0 1817.5 2151.8 1861.1 1914.7 2195.5 2151.8 2210.4 2262.4 36

 37 FL633093005 Money market mutual funds 31.6 17.0 10.0 16.9 14.6 12.9 10.0 12.3 8.4 37

 38 FL653093005 Mutual funds 246.2 268.3 217.1 272.7 250.3 217.4 217.1 244.6 302.4 38

 39 LM563093003 Exchange-traded funds 64.0 57.0 49.3 60.4 57.9 52.7 49.3 63.6 76.6 39

 40 FL403093005 Government-sponsored enterprises 165.6 154.7 148.2 164.7 166.3 154.2 148.2 156.1 164.0 40

 41 FL673090543 ABS issuers 61.1 70.4 71.9 71.9 70.4 67.4 71.9 71.0 73.0 41

 42 FL613090005 Finance companies -184.2 -171.9 -188.0 -172.0 -199.5 -212.6 -188.0 -199.4 -229.0 42

 43 FL643090005 REITs 109.2 126.9 138.1 133.5 137.9 141.2 138.1 143.8 151.3 43

 44 FL663090005 Brokers and dealers 829.5 866.0 815.6 892.9 833.3 869.0 815.6 881.8 824.2 44

 45 FL733090005 Holding companies 4064.3 4175.5 3806.4 4141.9 4181.6 4157.5 3806.4 3867.5 3883.7 45

 46 FL503094505 Funding corporations 707.8 710.6 749.3 729.1 727.8 741.3 749.3 799.2 801.6 46

 47 FL903090005 Discrepancy -7811.7 -8215.7 -9037.1 -8559.6 -8795.1 -8992.1 -9037.1 -9339.4 -9395.6 47
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L.232 Identified Miscellaneous Financial Claims - Part I

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 Federal government equity in IBRD, etc.:

 1 FL313092803 Liab.: Rest of the world 60.0 62.4 64.6 64.6 64.6 64.6 64.6 64.6 64.6 1

 2 FL313092803 Asset: Federal government 60.0 62.4 64.6 64.6 64.6 64.6 64.6 64.6 64.6 2

 Federal Reserve Bank stock:

 3 FL713164003 Liab.: Monetary authority 27.5 28.6 29.5 28.8 29.1 29.3 29.5 30.1 30.1 3

 4 FL713164003 Asset: U.S.-chartered depository institutions 27.5 28.6 29.5 28.8 29.1 29.3 29.5 30.1 30.1 4

 Equity in government-sponsored enterprises:

 5 FL403192405 Liab.: Government-sponsored enterprises 41.7 42.9 44.2 41.8 42.9 42.3 44.2 42.7 45.4 5

 6 FL103092405 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.6 0.7 0.8 0.8 0.8 0.8 0.8 0.9 1.0 6

 7 FL113092405 Nonfinancial noncorporate (FCS) 7.7 8.5 9.0 8.6 8.7 8.8 9.0 9.1 9.5 7

 8 FL313092403 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FL763092405 U.S.-chartered depository institutions (FHLB) 27.8 27.3 25.9 25.7 25.9 24.4 25.9 24.3 26.7 9

 10 FL473092403 Credit unions (FHLB) 2.4 2.9 3.3 3.0 3.2 3.3 3.3 3.5 3.2 10

 11 FL513092403 Property-casualty insurance companies (FHLB) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 11

 12 FL543092473 Life insurance companies (FHLB) 2.9 3.0 3.4 3.1 3.4 3.5 3.4 3.5 3.6 12

 13 FL613092403 Finance companies 0.1 0.1 0.2 0.1 0.1 0.2 0.2 0.2 0.2 13

 14 FL643092473 Real estate investment trusts (FHLB) 0.1 0.3 1.4 0.4 0.6 1.1 1.4 1.1 1.0 14

 Holding company net transactions with subsidiaries:

 15 FL763194735 Liab.: U.S.-chartered depository institutions 1937.2 2133.2 2169.7 2112.8 2140.2 2158.6 2169.7 2206.6 2278.6 15

 16 FL513194733 Property-casualty insurance companies 5.2 5.3 4.5 3.9 4.6 4.8 4.5 4.0 4.4 16

 17 FL543194733 Life insurance companies 10.7 11.5 12.0 11.8 11.8 12.1 12.0 12.9 13.7 17

 18 FL613194733 Finance companies 75.4 62.2 59.7 61.1 58.6 58.3 59.7 56.1 56.2 18

 19 FL663194735 Brokers and dealers 1087.6 1092.4 1018.3 1075.6 1129.6 1133.5 1018.3 1040.5 974.1 19

 20 FL263194735 Rest of the world 97.9 83.3 92.1 92.0 82.8 97.1 92.1 93.9 110.4 20

 21 FL733094703 Asset: Holding companies 3214.0 3387.9 3356.3 3357.1 3427.7 3464.4 3356.3 3414.0 3437.4 21

 NFC investment in finance company subsidiaries:

 22 FL103094105 Liab.: Finance companies 86.4 100.5 96.4 98.6 94.5 94.2 96.4 90.6 90.8 22

 23 FL103094105 Asset: Nonfinancial corporate business 86.4 100.5 96.4 98.6 94.5 94.2 96.4 90.6 90.8 23

 Funding corporations’ investment in subsidiaries:

 24 FL753194503 Liab.: Foreign banking offices in U.S. 123.5 103.2 105.4 96.2 109.1 108.4 105.4 127.1 114.9 24

 25 FL663194505 Brokers and dealers 584.3 607.4 643.9 632.9 618.7 632.9 643.9 672.0 686.7 25

 26 FL503094505 Asset: Funding corporations 707.8 710.6 749.3 729.1 727.8 741.3 749.3 799.2 801.6 26

 Equity investment under Public-Private Inv. Program:

 27 FL503194305 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

 28 FL153094305 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 29 FL313094303 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 Nonofficial foreign currencies:

 1 FL263191103 Liab.: Rest of the world 2.9 4.2 3.6 3.4 3.3 3.3 3.6 2.8 5.6 1

 2 FL313091105 Asset: Federal government 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2

 3 FL713091103 Monetary authority (1) 0.3 1.5 1.0 0.8 0.6 0.7 1.0 0.1 3.0 3

 Postal Savings System deposits:

 4 FL313131003 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FL313131003 Asset: Household sector 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 FL403197033 Liab.: Government-sponsored enterprises 10.6 9.1 8.5 10.2 9.2 8.3 8.5 8.3 8.7 6

 7 FL403197033 Asset: U.S.-chartered depository institutions 10.6 9.1 8.5 10.2 9.2 8.3 8.5 8.3 8.7 7

 Funding agreements backing securities (2):

 8 FL673090543 Liab.: Life insurance companies 61.1 70.4 71.9 71.9 70.4 67.4 71.9 71.0 73.0 8

 9 FL673090543 Asset: ABS issuers 61.1 70.4 71.9 71.9 70.4 67.4 71.9 71.0 73.0 9

 Deferred and unpaid life insurance premiums:

 10 FL543077073 Liab.: Household sector 27.9 29.1 30.6 30.2 31.0 30.6 30.6 31.8 32.7 10

 11 FL543077073 Asset: Life insurance companies 27.9 29.1 30.6 30.2 31.0 30.6 30.6 31.8 32.7 11

 Life insurance company reserves:

 12 FL543195005 Liab.: Life insurance companies 304.2 310.0 313.1 312.3 311.1 314.6 313.1 320.5 327.8 12

 13 FL543195105 Accident and health 222.8 228.3 236.1 230.2 231.1 234.8 236.1 241.9 248.4 13

 14 FL543195205 Policy dividend accumulation 38.5 38.8 33.5 37.4 36.0 34.7 33.5 34.0 34.9 14

 15 FL543195373 Contract claims 42.8 42.9 43.5 44.7 44.0 45.0 43.5 44.6 44.6 15

 16 FL543195005 Asset: Household sector 304.2 310.0 313.1 312.3 311.1 314.6 313.1 320.5 327.8 16

 Policy payables:

 17 FL513176003 Liab.: Property-casualty insurance companies 807.8 822.5 838.1 821.1 828.8 838.9 838.1 845.0 849.2 17

 18 FL153076005 Asset: Household sector 358.5 350.1 373.5 353.4 361.0 370.0 373.5 378.0 381.0 18

 19 FL103076005 Nonfinancial corporate business 333.0 343.3 345.7 341.9 344.1 347.1 345.7 348.1 349.6 19

 20 FL113076005 Nonfinancial noncorporate business 116.4 129.1 118.9 125.8 123.7 121.8 118.9 118.8 118.7 20

 Unallocated insurance company contracts:

 21 FL593095005 Liab.: Life insurance companies 676.2 672.3 665.9 681.3 678.2 656.9 665.9 666.1 671.8 21

 22 FL573095005 Asset: Private pension funds 525.5 527.4 519.5 534.6 530.9 513.9 519.5 519.9 523.7 22

 23 FL223095505 State and local government retirement funds 150.7 144.9 146.4 146.8 147.3 143.0 146.4 146.2 148.2 23

 Pension fund contributions payable:

 24 FL573074005 Liab.: Nonfinancial corporate business 79.0 76.1 71.8 74.7 73.7 72.7 71.8 69.9 68.1 24

 25 FL573074005 Asset: Private pension funds 79.0 76.1 71.8 74.7 73.7 72.7 71.8 69.9 68.1 25

 Securities borrowed (net):

 26 FL663097005 Liab.: Funding corporations 673.5 720.6 706.8 755.4 703.1 747.5 706.8 785.7 719.0 26

 27 FL663097005 Asset: Brokers and dealers 673.5 720.6 706.8 755.4 703.1 747.5 706.8 785.7 719.0 27

 Retiree health care funds (3):

 28 FL313195105 Liab.: Federal government 246.9 257.3 264.7 253.2 250.6 251.0 264.7 263.0 265.0 28

 29 FL313195105 Asset: Household sector 246.9 257.3 264.7 253.2 250.6 251.0 264.7 263.0 265.0 29

 Claims of pension fund on sponsor:

 30 FL573073005 Liab.: Nonfinancial corporate business 219.4 283.5 496.9 305.9 358.4 519.6 496.9 536.1 551.6 30

 31 FL343073005 Federal government 1785.7 1806.2 1821.7 1937.9 2091.7 2210.6 1821.7 1860.2 1883.5 31

 32 FL223073045 State and local governments 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 32

 33 FL573073005 Asset: Private pension funds 219.4 283.5 496.9 305.9 358.4 519.6 496.9 536.1 551.6 33

 34 FL343073005 Federal government retirement funds 1785.7 1806.2 1821.7 1937.9 2091.7 2210.6 1821.7 1860.2 1883.5 34

 35 FL223073045 State and local govt. retirement funds 1437.5 1503.9 1832.3 1541.9 1591.0 1878.4 1832.3 1899.1 1947.5 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.133 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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL893193005 Total liabilities 5316.2 5656.9 5400.2 5615.4 5474.9 5377.5 5400.2 5364.7 5532.4 1

 2 FL103193005 Nonfinancial corporate business 3404.4 3677.0 3595.9 3569.5 3456.5 3392.1 3595.9 3569.8 3517.2 2

 3 FL113193003 Nonfinancial noncorporate business 1261.5 1300.4 1305.7 1316.0 1315.9 1311.8 1305.7 1298.1 1290.5 3

 4 FL313193013 Federal government 2.3 1.8 1.2 1.6 1.5 1.3 1.2 1.0 0.9 4

 5 FL713193005 Monetary authority 16.0 18.4 18.1 21.6 21.0 19.4 18.1 18.5 18.0 5

 6 FL763193005 U.S.-chartered depository institutions 578.9 717.8 719.6 750.3 747.5 771.1 719.6 743.0 790.2 6

 7 FL753193005 Foreign banking offices in U.S. 111.1 119.6 108.3 129.4 105.1 112.4 108.3 127.6 141.3 7

 8 FL743193005 Banks in U.S.-affiliated areas 14.3 12.7 10.4 11.8 12.6 10.9 10.4 10.8 10.7 8

 9 FL473193005 Credit unions 14.2 15.4 16.0 15.9 16.7 15.7 16.0 21.0 17.1 9

 10 FL543193005 Life insurance companies 350.2 374.4 372.1 392.4 368.4 391.9 372.1 402.3 447.3 10

 11 FL403193005 Government-sponsored enterprises 62.4 59.0 53.7 58.0 52.8 55.4 53.7 54.0 51.5 11

 12 FL613193005 Finance companies -27.2 -36.6 -33.4 -36.1 -36.6 -34.3 -33.4 -49.4 -65.6 12

 13 FL643193005 REITs 74.1 82.3 80.4 81.3 82.9 93.3 80.4 85.1 92.5 13

 14 FL663193005 Brokers and dealers -1263.1 -1310.9 -1271.4 -1313.1 -1346.6 -1373.0 -1271.4 -1342.5 -1288.3 14

 15 FL733193005 Holding companies 739.4 708.2 408.9 699.0 686.0 629.6 408.9 403.0 398.3 15

 16 FL503193005 Funding corporations -22.3 -82.7 14.7 -82.2 -8.8 -20.2 14.7 22.5 110.7 16

 17 FL893093005 Total assets 13127.9 13872.5 14437.3 14175.0 14269.9 14369.6 14437.3 14704.1 14928.0 17

 18 FL103093005 Nonfinancial corporate business 6933.3 7432.8 8207.5 7606.4 7762.5 7909.8 8207.5 8305.7 8338.6 18

 19 FL113093005 Nonfinancial noncorporate business 2570.5 2694.2 2884.6 2737.7 2787.9 2829.3 2884.6 2922.8 2973.7 19

 20 FL313093003 Federal government 83.4 93.6 105.8 96.3 100.7 103.4 105.8 109.4 112.1 20

 21 FL213093003 State and local governments 105.4 112.9 124.1 116.1 117.6 123.9 124.1 124.8 126.1 21

 22 FL713093005 Monetary authority 232.8 233.9 215.8 228.1 224.3 219.1 215.8 210.9 206.3 22

 23 FL763093005 U.S.-chartered depository institutions 462.1 474.6 476.2 486.8 469.7 496.9 476.2 513.3 544.3 23

 24 FL753093005 Foreign banking offices in U.S. 57.0 71.3 58.4 75.8 69.9 61.0 58.4 64.1 70.5 24

 25 FL743093005 Banks in U.S.-affiliated areas 20.5 33.4 34.9 31.3 36.9 36.1 34.9 40.3 37.1 25

 26 FL473093005 Credit unions 58.8 63.5 69.2 72.3 68.4 68.3 69.2 76.9 82.5 26

 27 FL543093005 Life insurance companies 376.0 448.5 450.9 470.3 454.8 471.8 450.9 488.2 524.1 27

 28 FL573093005 Private pension funds 634.8 660.6 705.2 683.4 690.0 696.9 705.2 713.3 721.8 28

 29 FL223093005 State and local govt. retirement funds 154.8 168.7 173.0 172.5 176.4 174.1 173.0 165.2 166.8 29

 30 FL633093005 Money market mutual funds 31.6 17.0 10.0 16.9 14.6 12.9 10.0 12.3 8.4 30

 31 FL653093005 Mutual funds 246.2 268.3 217.1 272.7 250.3 217.4 217.1 244.6 302.4 31

 32 LM563093003 Exchange-traded funds 64.0 57.0 49.3 60.4 57.9 52.7 49.3 63.6 76.6 32

 33 FL403093005 Government-sponsored enterprises 165.6 154.7 148.2 164.7 166.3 154.2 148.2 156.1 164.0 33

 34 FL613093005 Finance companies -184.3 -172.0 -188.2 -172.1 -199.7 -212.7 -188.2 -199.7 -229.2 34

 35 FL643093005 REITs 109.1 126.5 136.7 133.1 137.3 140.1 136.7 142.7 150.2 35

 36 FL663093005 Brokers and dealers 155.9 145.3 108.7 137.5 130.2 121.5 108.7 96.1 105.1 36

 37 FL733093005 Holding companies 850.3 787.6 450.1 784.8 753.9 693.1 450.1 453.4 446.3 37

 38 FL903090005 Discrepancy -7811.7 -8215.7 -9037.1 -8559.6 -8795.1 -8992.1 -9037.1 -9339.4 -9395.6 38
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138 Z.1, September 16, 2016

B.101 Balance Sheet of Households and Nonprofit Organizations (1)

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL152000005 Assets 92701.4 98111.0 101679.8 99977.7 100696.4 99461.6 101679.8 102512.0 103750.3 1

 2 FL152010005 Nonfinancial assets 27228.0 28701.2 30462.6 29190.2 29597.3 30008.4 30462.6 30896.7 31419.8 2

 3 LM155035005 Real estate 21849.2 23195.1 24756.0 23639.2 23979.5 24350.5 24756.0 25120.8 25594.7 3

 4 LM155035015 Households (2,3) 19194.5 20273.2 21532.6 20614.9 20902.2 21195.0 21532.6 21882.0 22290.0 4

 5 LM165035005 Nonprofit organizations 2654.7 2921.9 3223.4 3024.3 3077.2 3155.5 3223.4 3238.8 3304.7 5

 6 FL165015205 Equipment (nonprofits) (4) 311.6 320.4 331.0 323.9 326.2 328.7 331.0 333.0 334.6 6

 7 FL165013765 Intellectual property products (nonprofits) (4) 126.0 132.8 138.9 134.9 136.7 138.1 138.9 140.9 143.2 7

 8 FL155111005 Consumer durable goods (4) 4941.2 5052.9 5236.8 5092.2 5154.9 5191.1 5236.8 5301.9 5347.4 8

 9 FL154090005 Financial assets 65473.4 69409.8 71217.1 70787.5 71099.1 69453.2 71217.1 71615.4 72330.4 9

 10 FL153091003 Foreign deposits 52.1 45.7 31.6 45.0 39.8 36.1 31.6 32.4 30.4 10

 11 FL153020005 Checkable deposits and currency 1021.5 1155.5 1300.2 1219.2 1222.0 1157.8 1300.2 1341.1 1342.8 11

 12 FL153030005 Time and savings deposits 7389.9 7884.6 8345.8 8061.9 8054.2 8218.8 8345.8 8444.0 8498.0 12

 13 FL153034005 Money market fund shares 1139.2 1111.8 1066.1 1014.9 999.0 1005.7 1066.1 1035.9 989.1 13

 14 FL154022005 Debt securities 4470.3 4257.1 4568.6 4193.3 4345.2 4494.8 4568.6 4472.6 4242.2 14

 15 FL163069103 Open market paper 15.0 14.9 15.1 15.2 15.7 15.9 15.1 16.3 16.3 15

 16 FL153061105 Treasury securities 1146.1 856.0 1144.8 882.7 980.6 1054.3 1144.8 1097.7 1091.4 16

 17 FL153061705 Agency- and GSE-backed securities 279.1 330.9 545.6 314.0 358.4 438.1 545.6 515.1 459.0 17

 18 FL153062005 Municipal securities 1826.2 1709.3 1648.8 1709.2 1727.6 1700.6 1648.8 1653.4 1638.1 18

 19 FL153063005 Corporate and foreign bonds 1203.9 1346.0 1214.4 1272.1 1262.9 1285.9 1214.4 1190.0 1037.4 19

 20 FL154023005 Loans 970.7 1024.0 970.3 1025.7 997.5 995.1 970.3 1008.6 1007.6 20

 21 FL153069005 Other loans and advances (5) 841.4 893.2 842.6 895.7 867.9 866.3 842.6 884.4 886.7 21

 22 FL153065005 Mortgages 77.5 83.2 83.5 83.2 83.6 83.3 83.5 81.4 79.5 22

 23 FL163066223 Consumer credit (student loans) 51.8 47.6 44.2 46.8 46.1 45.5 44.2 42.8 41.4 23

 24 LM153064105 Corporate equities (2) 12849.7 14364.9 14158.2 14901.5 14834.8 13491.7 14158.2 14196.3 14524.3 24

 25 LM153064205 Mutual fund shares (6) 6250.3 6726.7 6519.4 6822.8 6814.1 6376.1 6519.4 6529.8 6672.9 25

 26 FL153040005 Life insurance reserves 1233.0 1282.8 1310.6 1300.0 1303.8 1298.3 1310.6 1324.3 1337.7 26

 27 FL153050005 Pension entitlements (7) 19860.9 20658.7 21247.6 21039.5 21169.8 20878.3 21247.6 21455.2 21733.0 27

 28 FL152090205 Equity in noncorporate business (8) 9326.3 9980.7 10747.6 10244.9 10396.1 10564.9 10747.6 10813.7 10978.7 28

 29 FL153090005 Miscellaneous assets 909.6 917.4 951.3 918.9 922.7 935.6 951.3 961.5 973.8 29

 30 FL154190005 Liabilities 13792.6 14167.0 14509.5 14152.4 14293.4 14372.8 14509.5 14524.3 14687.6 30

 31 FL163162003 Debt securities (municipal securities) (10) 235.6 228.8 220.8 228.4 224.7 222.1 220.8 220.9 220.8 31

 32 FL154123005 Loans 13274.1 13651.0 13998.8 13635.2 13778.7 13860.9 13998.8 14012.1 14174.7 32

 33 FL153165105 Home mortgages (9) 9403.9 9397.1 9479.6 9368.8 9409.3 9456.7 9479.6 9497.4 9553.2 33

 34 FL153166000 Consumer credit 3096.2 3318.0 3535.7 3322.8 3397.8 3481.4 3535.7 3539.4 3605.3 34

 35 FL153168005 Depository institution loans n.e.c. 90.8 211.9 325.7 232.5 246.3 268.7 325.7 339.3 366.5 35

 36 FL153169005 Other loans and advances 480.5 513.7 437.2 499.0 510.1 436.5 437.2 413.5 424.5 36

 37 FL163165505 Commercial mortgages (10) 202.7 210.3 220.7 212.2 215.1 217.7 220.7 222.6 225.3 37

 38 FL163170003 Trade payables (10) 255.0 258.1 259.4 258.5 258.9 259.2 259.4 259.4 259.4 38

 39 FL543077073 Deferred and unpaid life insurance premiums 27.9 29.1 30.6 30.2 31.0 30.6 30.6 31.8 32.7 39

 40 FL152090005 Net worth 78908.9 83944.0 87170.2 85825.4 86403.0 85088.8 87170.2 87987.7 89062.7 40

 Memo:

 41 FL893131573 Assets held in IRAs (11) 6835.0 7266.0 7329.0 7445.0 7504.0 7133.0 7329.0 7400.0 ND 41

 42 FL154023205 Assets held in 529 college plans (11) 227.1 247.9 253.2 255.8 258.5 245.5 253.2 255.9 260.5 42

 43 LM154023223 College savings plans 204.1 223.9 229.8 231.7 234.2 221.7 229.8 232.5 237.0 43

 44 FL154023213 Prepaid tuition plans 23.0 24.0 23.4 24.1 24.3 23.8 23.4 23.4 23.5 44

 Replacement-cost value of structures:

 45 FL155012605 Residential 14257.4 15097.8 15373.5 15117.0 15129.2 15261.8 15373.5 15510.8 15787.9 45

 46 FL155012665 Households 14033.1 14862.6 15134.9 14881.7 14894.0 15024.7 15134.9 15270.2 15543.2 46

 47 FL165012665 Nonprofit organizations 224.3 235.2 238.6 235.3 235.2 237.1 238.6 240.6 244.8 47

 48 FL165013665 Nonresidential (nonprofits) 1575.9 1626.6 1662.8 1630.7 1633.8 1650.9 1662.8 1658.9 1674.1 48

 49 FA156012005 Disposable personal income (DPI) (SAAR) 12395.8 13022.7 13519.8 13276.5 13464.7 13611.7 13726.4 13807.4 13954.4 49

 50 FL152090006 Net worth/DPI (percent) (line 40/line 49) 636.58 644.60 644.76 646.45 641.70 625.12 635.06 637.25 638.24 50

 51 FL155035065 Owners’ equity in real estate (line 4 less line 33) 9790.6 10876.1 12053.0 11246.2 11492.9 11738.3 12053.0 12384.6 12736.8 51

 52 FL155035066 Owners’ equity/real estate (percent) (line 51/line 4) 51.01 53.65 55.98 54.55 54.98 55.38 55.98 56.60 57.14 52

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts.

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

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

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

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

(8) Net worth of nonfinancial noncorporate business (table B.104, line 35) and owners’ equity in unincorporated security brokers and dealers.

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

(10) Liabilities of nonprofit organizations.

(11) Included in assets shown on the household balance sheet.
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B.103 Balance Sheet of Nonfinancial Corporate Business

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 With nonfinancial assets stated at either market value or replacement cost:

 1 FL102000005 Assets 34828.9 37170.3 39439.9 37820.1 38382.2 38867.3 39439.9 39793.0 40453.2 1

 2 FL102010005 Nonfinancial assets 18568.2 20029.4 21393.2 20476.2 20753.8 21103.5 21393.2 21537.9 21907.4 2

 3 LM105035005 Real estate (1) 10199.0 11371.7 12520.4 11759.0 11951.0 12264.3 12520.4 12592.6 12841.7 3

 4 FL105015205 Equipment (2) 4287.4 4446.7 4584.3 4492.3 4521.3 4553.9 4584.3 4618.6 4648.2 4

 5 FL105013765 Intellectual property products (2) 1917.4 2007.0 2105.0 2038.8 2067.6 2089.5 2105.0 2134.7 2168.3 5

 6 FL105020015 Inventories (2) 2164.4 2203.9 2183.5 2186.1 2213.9 2195.9 2183.5 2192.0 2249.1 6

 7 FL104090005 Financial assets 16260.7 17140.9 18046.7 17343.9 17628.4 17763.8 18046.7 18255.2 18545.8 7

 8 FL103091003 Foreign deposits 77.5 68.7 48.0 51.3 57.1 49.0 48.0 37.6 48.2 8

 9 FL103020005 Checkable deposits and currency 283.3 322.4 309.1 284.4 335.4 332.5 309.1 305.0 327.6 9

 10 FL103030003 Time and savings deposits 631.1 609.5 578.9 622.4 588.8 592.7 578.9 576.4 592.4 10

 11 FL103034003 Money market fund shares 559.1 558.2 576.8 545.3 546.2 558.8 576.8 574.6 577.0 11

 12 FL102051003 Security repurchase agreements 8.7 21.6 26.0 22.2 23.8 25.3 26.0 22.8 21.6 12

 13 FL104022005 Debt securities 121.8 131.1 124.2 125.3 119.9 115.5 124.2 132.3 127.5 13

 14 FL103069100 Commercial paper 52.9 56.4 54.7 57.4 56.6 54.8 54.7 54.8 59.2 14

 15 FL103061103 Treasury securities 38.8 41.3 35.4 33.9 31.0 30.1 35.4 43.7 36.1 15

 16 FL103061703 Agency- and GSE-backed securities 8.9 13.8 11.8 11.3 10.3 10.0 11.8 14.6 12.0 16

 17 FL103062003 Municipal securities 21.2 19.7 22.2 22.7 21.8 20.6 22.2 19.2 20.2 17

 18 FL104023005 Loans 70.5 76.3 80.4 76.3 79.2 80.6 80.4 79.7 81.2 18

 19 FL103065003 Mortgages 27.1 31.9 36.8 33.2 34.4 35.6 36.8 38.0 39.2 19

 20 FL103066005 Consumer credit 43.4 44.4 43.6 43.2 44.8 45.0 43.6 41.7 41.9 20

 21 LM103064203 Mutual fund shares (1) 211.0 234.5 235.7 241.1 242.1 228.3 235.7 238.1 244.1 21

 22 FL103070005 Trade receivables 2554.8 2625.6 2610.1 2676.0 2719.7 2704.7 2610.1 2643.9 2733.6 22

 23 FL103092005 U.S. direct investment abroad (3) 4389.5 4615.6 4807.2 4651.9 4714.2 4724.6 4807.2 4899.4 5013.0 23

 24 FL103090005 Miscellaneous assets 7353.3 7877.3 8650.3 8047.8 8202.0 8351.8 8650.3 8745.3 8779.9 24

 25 FL104190005 Liabilities 15397.0 16483.7 17275.1 16675.9 16879.9 17058.2 17275.1 17487.4 17629.1 25

 26 FL104122005 Debt securities 4815.6 5122.8 5531.4 5247.4 5399.4 5504.6 5531.4 5676.5 5761.8 26

 27 FL103169100 Commercial paper 144.5 182.0 176.5 188.2 177.5 201.2 176.5 185.5 186.9 27

 28 FL103162000 Municipal securities (4) 527.8 527.8 541.2 533.3 542.6 543.0 541.2 544.9 555.4 28

 29 FL103163003 Corporate bonds (3) 4143.3 4413.1 4813.7 4525.9 4679.3 4760.4 4813.7 4946.1 5019.5 29

 30 FL104123005 Loans 2315.1 2493.1 2558.6 2537.3 2566.1 2526.3 2558.6 2627.3 2620.7 30

 31 FL103168005 Depository institution loans n.e.c. 775.8 868.7 947.5 888.8 910.5 917.5 947.5 975.7 993.3 31

 32 FL103169005 Other loans and advances 1063.1 1126.2 1095.1 1144.5 1140.2 1112.4 1095.1 1128.7 1093.1 32

 33 FL103165005 Mortgages 476.2 498.2 516.1 504.0 515.4 496.3 516.1 522.8 534.2 33

 34 FL103170005 Trade payables 1938.3 2047.1 2013.9 2040.1 2066.7 2040.3 2013.9 1991.2 2047.1 34

 35 FL103178000 Taxes payable 44.9 43.5 41.7 58.1 56.1 56.8 41.7 40.2 33.8 35

 36 FL103192005 Foreign direct investment in U.S. 2580.2 2740.6 2964.8 2842.9 2903.0 2945.8 2964.8 2976.5 3028.9 36

 37 FL103190005 Miscellaneous liabilities 3702.8 4036.5 4164.6 3950.1 3888.6 3984.4 4164.6 4175.7 4136.9 37

 38 FL102090005 Net worth (market value) 19432.0 20686.6 22164.8 21144.2 21502.3 21809.2 22164.8 22305.6 22824.1 38

 Memo:

 Replacement-cost value of structures:

 39 FL105012665 Residential 179.8 186.7 189.7 186.8 186.9 188.4 189.7 191.4 194.9 39

 40 FL105013665 Nonresidential 7934.4 8172.8 8215.2 8160.2 8141.8 8192.3 8215.2 8200.4 8279.8 40

 41 LM103164103 Market value of equities outstanding 20560.6 22679.7 21681.4 23067.0 22699.8 20654.6 21681.4 21781.3 22152.0 41

 42 FL104104006 Debt/net worth (percent) (lines 26+30/line 38) 36.70 36.82 36.50 36.82 37.04 36.82 36.50 37.23 36.73 42

 43 FL104104016 Debt/equities (percent) (lines 26+30/line 41) 34.68 33.58 37.31 33.75 35.09 38.88 37.31 38.12 37.84 43

 44 FL103164106 Equities/net worth (percent) (line 41/line 38) 105.81 109.63 97.82 109.09 105.57 94.71 97.82 97.65 97.06 44

 With nonfinancial assets stated at historical cost:

 45 FL102000115 Assets (sum of lines 7 and 46) 28726.8 30154.2 31590.4 30534.5 30936.6 31192.1 31590.4 31969.0 32367.7 45

 46 FL102010115 Nonfinancial assets 12466.0 13013.3 13543.7 13190.5 13308.2 13428.3 13543.7 13713.8 13821.9 46

 47 FL105035045 Real estate 4926.2 5177.7 5389.5 5232.7 5281.3 5339.1 5389.5 5463.5 5501.4 47

 48 FL105013213 Equipment 3895.2 4062.3 4243.0 4107.3 4151.5 4198.3 4243.0 4282.3 4318.7 48

 49 FL105013715 Intellectual property products 1784.7 1870.9 1964.4 1893.0 1917.1 1940.7 1964.4 1988.9 2016.2 49

 50 FL105020000 Inventories 1859.9 1902.5 1946.8 1957.5 1958.4 1950.2 1946.8 1979.1 1985.6 50

 51 FL102090115 Net worth (historical cost) (line 45 less line 25) 13329.8 13670.6 14315.3 13858.6 14056.7 14134.0 14315.3 14481.6 14738.6 51

 Memo:

 Historical-cost value of structures:

 52 FL105012613 Residential 87.1 90.5 94.8 91.5 92.5 93.6 94.8 96.0 97.2 52

 53 FL105013613 Nonresidential 4320.4 4554.9 4750.5 4608.2 4659.0 4707.3 4750.5 4793.1 4834.2 53

 54 FL104104026 Debt/net worth (percent) (lines 26+30/line 49) 53.49 55.71 56.51 56.17 56.67 56.82 56.51 57.34 56.87 54

(1) At market value.

(2) At replacement (current) cost.

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

(4) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.
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B.104 Balance Sheet of Nonfinancial Noncorporate Business

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL112000005 Assets 15378.8 16316.3 17479.2 16670.9 16915.6 17178.0 17479.2 17624.7 17868.9 1

 2 FL112010005 Nonfinancial assets 10848.0 11548.9 12352.6 11822.8 11986.1 12160.8 12352.6 12413.0 12563.5 2

 3 LM115035005 Real estate (1) 9536.1 10180.8 10979.1 10446.1 10603.2 10785.8 10979.1 11062.6 11233.6 3

 4 LM115035023 Residential 5362.5 5643.9 6156.3 5817.5 5928.6 6031.8 6156.3 6234.7 6346.8 4

 5 LM115035035 Nonresidential 4173.6 4536.9 4822.9 4628.6 4674.6 4754.0 4822.9 4827.9 4886.8 5

 6 FL115015205 Equipment (2) 810.7 849.1 879.5 859.6 868.7 873.0 879.5 874.8 873.4 6

 7 FL115012265 Residential (3) 43.5 42.7 43.0 42.7 43.0 43.0 43.0 42.9 43.2 7

 8 FL115013265 Nonresidential 767.2 806.4 836.5 816.9 825.6 830.0 836.5 831.9 830.2 8

 9 FL115013765 Intellectual property products (2) 214.3 222.7 233.0 228.6 231.5 233.2 233.0 217.6 198.6 9

 10 FL115020005 Inventories (2) 286.8 296.3 261.0 288.5 282.7 268.8 261.0 258.1 257.9 10

 11 FL114090005 Financial assets 4530.8 4767.3 5126.6 4848.2 4929.4 5017.2 5126.6 5211.7 5305.4 11

 12 FL113020005 Checkable deposits and currency 627.5 662.2 705.8 670.5 680.7 691.8 705.8 717.3 728.8 12

 13 FL113030003 Time and savings deposits 383.8 409.5 478.4 428.3 435.7 456.1 478.4 498.3 513.3 13

 14 FL113034003 Money market fund shares 82.7 86.6 91.9 88.0 89.1 90.3 91.9 93.0 94.6 14

 15 FL114022005 Debt securities 59.5 62.3 67.2 63.3 64.5 65.7 67.2 68.4 69.5 15

 16 FL113061003 Treasury securities 55.2 57.8 62.3 58.7 59.7 60.9 62.3 63.4 64.4 16

 17 FL113062003 Municipal securities 4.4 4.6 4.9 4.6 4.7 4.8 4.9 5.0 5.1 17

 18 FL114023005 Loans 34.8 36.5 39.3 37.1 37.7 38.5 39.3 40.0 40.7 18

 19 FL113065005 Mortgages 34.8 36.5 39.3 37.1 37.7 38.5 39.3 40.0 40.7 19

 20 FL113066003 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 FL113070003 Trade receivables 647.8 678.4 731.4 689.0 701.5 714.9 731.4 744.0 756.6 21

 22 FL113090005 Miscellaneous assets 2694.6 2831.8 3012.4 2872.1 2920.3 2960.0 3012.4 3050.7 3101.9 22

 23 FL113076005 Insurance receivables 116.4 129.1 118.9 125.8 123.7 121.8 118.9 118.8 118.7 23

 24 FL113092405 Equity investment in GSEs (4) 7.7 8.5 9.0 8.6 8.7 8.8 9.0 9.1 9.5 24

 25 FL113093005 Other 2570.5 2694.2 2884.6 2737.7 2787.9 2829.3 2884.6 2922.8 2973.7 25

 26 FL114190005 Liabilities 6068.7 6353.4 6746.3 6443.7 6536.3 6630.5 6746.3 6823.3 6901.1 26

 27 FL114123005 Loans 4162.1 4366.1 4697.2 4422.9 4503.9 4590.0 4697.2 4768.4 4842.8 27

 28 FL113168005 Depository institution loans n.e.c. 1000.3 1064.3 1163.3 1086.4 1114.9 1124.6 1163.3 1196.9 1208.6 28

 29 FL113169005 Other loans and advances 186.6 196.0 201.7 194.1 195.6 197.7 201.7 200.2 203.0 29

 30 FL113165005 Mortgages 2975.1 3105.8 3332.2 3142.5 3193.4 3267.8 3332.2 3371.2 3431.2 30

 31 FL113170005 Trade payables 527.5 562.4 608.4 575.7 585.4 595.9 608.4 620.0 629.0 31

 32 FL113178003 Taxes payable 110.5 114.3 123.2 118.1 119.6 121.2 123.2 124.8 126.3 32

 33 FL115114005 Foreign direct investment in U.S. 7.1 10.2 11.8 11.0 11.4 11.6 11.8 12.1 12.5 33

 34 FL113193003 Miscellaneous liabilities 1261.5 1300.4 1305.7 1316.0 1315.9 1311.8 1305.7 1298.1 1290.5 34

 35 FL112090205 Net worth (5) 9310.0 9962.8 10732.9 10227.2 10379.3 10547.5 10732.9 10801.4 10967.8 35

 Memo:

 Replacement-cost value of structures:

 36 FL115012665 Residential 3047.7 3163.6 3188.8 3160.0 3154.5 3173.9 3188.8 3211.0 3262.5 36

 37 FL115013665 Nonresidential 1852.1 1919.1 1949.5 1916.6 1914.7 1932.2 1949.5 1985.9 2048.7 37

 38 FL114104006 Debt/net worth (percent) (line 27/line 35) 44.71 43.82 43.76 43.25 43.39 43.52 43.76 44.15 44.15 38

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Included in table B.101, line 29.
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Z.1, September 16, 2016 141

R.101 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars; not seasonally adjusted

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FC152090005 Change in net worth (1) 9487.1 5035.1 3226.3 1881.4 577.7 -1314.2 2081.5 817.5 1075.0 1

 2 FU155060005 Net investment 1207.0 1253.4 1356.9 592.5 9.6 333.4 421.4 596.6 146.5 2

 3 FU155061005 Net physical investment 321.3 359.9 450.0 104.8 112.7 115.1 117.3 126.4 128.3 3

 4 FU155050005 Capital expenditures 1734.4 1821.3 1955.3 475.8 486.5 493.8 499.1 502.3 509.1 4

 5 FU156300005 - Consumption of fixed capital 1413.1 1461.4 1505.3 371.0 373.8 378.7 381.8 375.9 380.7 5

 6 FU155000005 Net lending (+) or net borrowing (-) 885.7 893.5 907.0 487.7 -103.1 218.3 304.1 470.2 18.2 6

 7 FU154090005 Net acquisition of financial assets 1120.9 1312.9 1298.7 490.0 49.5 307.1 452.1 494.0 190.5 7

 8 FU154190005 - Net increase in liabilities 235.2 419.4 391.8 2.3 152.5 88.8 148.0 23.8 172.3 8

 Holding gains on assets

 9 FR158000005 at market value (2) 7784.5 3765.6 1579.6 1367.7 297.2 -1605.8 1520.4 414.8 1023.8 9

 10 FR155035005 Real estate 2127.6 1214.3 1369.0 401.8 293.2 321.5 352.6 310.3 416.7 10

 11 FR153064105 Corporate equities 2921.9 1344.9 -207.8 431.6 -93.5 -1185.5 639.5 34.0 240.6 11

 12 FR153064205 Mutual fund shares 768.6 235.1 -275.4 40.1 -21.7 -442.9 149.1 12.4 113.0 12

 13 FR152090205 Equity in noncorporate business 967.7 623.9 713.0 251.3 141.7 147.9 172.1 42.1 136.5 13

 14 FR153040005 Life insurance reserves 37.4 12.7 -6.1 5.0 -1.3 -17.3 7.5 0.6 4.7 14

 15 FR153050005 Pension entitlements 961.2 334.6 -13.0 237.9 -21.2 -429.4 199.7 15.3 112.2 15

 16 FR153094305 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Holding gains on assets

 17 FR158100005 at current cost (2) -90.0 -99.2 -55.9 -17.4 0.9 -24.5 -14.9 0.5 -22.2 17

 18 FR155111005 Consumer durable goods -93.4 -101.7 -58.0 -19.5 0.9 -24.7 -14.7 -0.5 -22.6 18

 19 FR165015205 Equipment 0.3 1.0 1.1 1.1 -0.3 0.0 0.3 0.3 -0.1 19

 20 FR165013765 Intellectual property products 3.1 1.5 1.0 0.9 0.3 0.1 -0.4 0.7 0.5 20

 21 FV158090005 Other volume changes (3) 585.6 115.3 345.6 -61.4 269.9 -17.4 154.5 -194.4 -73.2 21

 Memo:

 22 FL152090005 Net worth outstanding (4) 78908.9 83944.0 87170.2 85825.4 86403.0 85088.8 87170.2 87987.7 89062.7 22

 23 FA156012005 Disposable personal income 12395.8 13022.7 13519.8 13276.5 13464.7 13611.7 13726.4 13807.4 13954.4 23

(1) Sum of net investment (line 2), holding gains (lines 9 and 17), and other volume changes (line 21).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.101, line 41.
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142 Z.1, September 16, 2016

R.103 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars; not seasonally adjusted

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FC102090005 Change in net worth (1) 2186.5 1254.7 1478.1 457.6 358.1 306.9 355.6 140.8 518.4 1

 2 FU105060005 Net investment 44.4 -502.6 -150.7 -87.3 71.4 -71.7 -63.1 -124.3 18.5 2

 3 FU105061005 Net physical investment 334.4 393.1 381.1 88.0 132.4 88.2 72.4 65.7 83.6 3

 4 FU105050005 Capital expenditures 1565.0 1677.4 1765.7 436.4 463.6 438.2 427.5 419.5 412.1 4

 5 FU106300005 - Consumption of fixed capital 1227.3 1281.3 1329.8 328.0 329.5 335.1 337.2 338.5 341.4 5

 6 FU105020601 - Inventory valuation adjustment 3.3 3.0 54.8 20.3 1.7 14.9 17.8 15.3 -12.8 6

 7 FU105000005 Net lending (+) or net borrowing (-) 62.9 -503.5 31.3 -27.4 61.4 -2.8 0.2 -33.5 105.6 7

 8 FU104090005 Net acquisition of financial assets 989.6 790.2 918.5 190.7 286.5 207.3 233.9 203.4 272.3 8

 9 FU104190005 - Net increase in liabilities 926.7 1293.7 887.1 218.2 225.1 210.1 233.8 236.9 166.7 9

 10 FU103164103 Net corporate equity issues -352.9 -392.2 -563.1 -147.8 -122.4 -157.1 -135.8 -156.5 -170.6 10

 Holding gains on assets

 11 FR108000005 at market value (2) 1364.9 1049.9 1038.1 366.8 170.9 262.7 237.7 25.0 245.9 11

 12 FR105035005 Real estate 1334.6 1041.6 1044.4 362.1 171.8 278.4 232.1 24.5 241.8 12

 13 FR103064203 Mutual fund shares 30.2 8.4 -6.2 4.7 -0.8 -15.7 5.6 0.5 4.1 13

 Holding gains on assets less

 14 FR108100005 liabilities at current cost (2) 15.9 -38.7 -39.6 37.1 8.9 -67.1 -18.5 81.7 194.7 14

 15 FR105015205 Equipment 29.0 28.2 -9.9 9.3 -6.7 -6.1 -6.4 3.1 1.5 15

 16 FR105013765 Intellectual property products 41.1 23.8 26.3 14.9 10.2 3.7 -2.6 10.9 12.0 16

 17 FR105020015 Inventories (3) -5.9 -15.3 -46.7 -25.0 6.6 -19.7 -8.6 13.5 46.3 17

 18 FR103092005 Direct investment abroad -43.8 -67.1 -105.2 -50.1 -16.1 -43.1 4.0 22.2 39.5 18

 19 FR103192005 - Foreign direct investment in U.S. 4.5 8.2 -95.9 -87.9 -14.8 1.9 4.9 -31.9 -95.4 19

 20 FV108090005 Other volume changes (4) 761.4 746.0 630.3 141.0 106.9 182.9 199.6 158.5 59.3 20

 Memo:

 21 FL102090005 Net worth outstanding (5) 19432.0 20686.6 22164.8 21144.2 21502.3 21809.2 22164.8 22305.6 22824.1 21

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 20).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 38.
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R.104 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars; not seasonally adjusted

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FC112090205 Change in net worth (1) 1154.8 652.8 770.1 264.4 152.1 168.2 185.4 68.5 166.4 1

 2 FU115440005 Net capital transfers paid -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FU115060005 Net investment 186.8 25.9 49.2 12.3 9.4 14.4 13.0 25.5 28.9 3

 4 FU115061005 Net physical investment 70.9 75.9 85.5 22.7 21.3 21.4 20.2 17.9 13.4 4

 5 FU115050005 Capital expenditures 355.3 374.5 394.2 99.0 98.0 98.9 98.3 96.5 92.8 5

 6 FU116300005 - Consumption of fixed capital 284.4 298.6 308.7 76.4 76.7 77.5 78.1 78.6 79.4 6

 7 FU115000005 Net lending (+) or net borrowing (-) -70.9 -75.9 -85.5 -22.7 -21.3 -21.4 -20.2 -17.9 -13.4 7

 8 FU114090005 Net acquisition of financial assets 304.5 236.6 359.2 80.8 81.3 87.8 109.3 85.1 93.7 8

 9 FU114190005 - Net increase in liabilities 375.4 312.5 444.8 103.5 102.6 109.2 129.6 103.0 107.1 9

 10 FU112090205 Proprietor’s net investment (2) 186.8 25.9 49.2 12.3 9.4 14.4 13.0 25.5 28.9 10

 11 FR115035005 Holding gains on real estate (3) 974.0 616.2 762.1 256.8 148.3 173.2 183.8 73.5 161.7 11

 12 FR115035023 Residential 522.5 275.4 496.2 170.4 107.4 98.9 119.6 72.9 106.5 12

 13 FR115035035 Nonresidential 451.5 340.8 265.9 86.5 40.9 74.3 64.2 0.6 55.2 13

 14 FR118100005 Holding gains on assets at current cost (3) -10.5 8.2 -43.6 -5.6 -6.3 -19.9 -11.8 -31.0 -24.6 14

 15 FR115012265 Residential equipment -2.0 -2.3 -1.5 -0.5 -0.1 -0.5 -0.4 -0.6 -0.3 15

 16 FR115013265 Nonresidential equipment 9.4 7.2 2.3 2.6 1.7 -2.6 0.5 -9.2 -5.3 16

 17 FR115013765 Intellectual property products 3.8 2.0 2.8 4.8 1.3 -0.4 -2.8 -18.0 -21.5 17

 18 FR115020005 Inventories -21.3 1.9 -47.6 -12.5 -9.2 -16.4 -9.4 -3.2 2.5 18

 19 FR115114005 - Foreign direct investment in U.S. 0.3 0.6 -0.3 0.0 0.0 0.0 -0.3 0.0 0.0 19

 20 FV118090005 Other volume changes (4) 4.5 2.5 2.4 0.9 0.6 0.5 0.5 0.5 0.5 20

 Memo:

 21 FL112090205 Net worth outstanding (5) 9310.0 9962.8 10732.9 10227.2 10379.3 10547.5 10732.9 10801.4 10967.8 21

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 20).

(2) Shown on table F.104, line 32.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.104, line 35.
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B.101.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail

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

2013 2014 2015 2015 2016

 Q1 Q2 Q3 Q4 Q1 Q2

 1 FL152000005 Assets 92701.4 98111.0 101679.8 99977.7 100696.4 99461.6 101679.8 102512.0 103750.3 1

 2 FL152010005 Nonfinancial assets 27228.0 28701.2 30462.6 29190.2 29597.3 30008.4 30462.6 30896.7 31419.8 2

 3 FL154090005 Financial assets 65473.4 69409.8 71217.1 70787.5 71099.1 69453.2 71217.1 71615.4 72330.4 3

 4 FL154000025 Deposits (1) 9602.6 10197.6 10743.7 10341.0 10315.0 10418.4 10743.7 10853.5 10860.2 4

 5 FL154022005 Debt securities 4470.3 4257.1 4568.6 4193.3 4345.2 4494.8 4568.6 4472.6 4242.2 5

 6 FL154023005 Loans 970.7 1024.0 970.3 1025.7 997.5 995.1 970.3 1008.6 1007.6 6

 7 LM153064475 Equity shares at market value 21761.5 23914.9 23495.3 24651.3 24603.5 22438.1 23495.3 23491.6 23943.7 7

 8 LM153064105 Directly held 12849.7 14364.9 14158.2 14901.5 14834.8 13491.7 14158.2 14196.3 14524.3 8

 9 LM153064175 Indirectly held 8911.8 9550.0 9337.1 9749.7 9768.6 8946.4 9337.1 9295.3 9419.3 9

 10 LM543064153 Life insurance companies 1322.1 1371.1 1315.6 1395.4 1387.9 1256.4 1315.6 1296.1 1300.9 10

 11 LM573064175 Private pension funds (2) 3009.9 3262.7 3254.3 3354.4 3365.0 3113.7 3254.3 3281.9 3351.5 11

 12 LM343064123 Federal govt. retirement funds (2) 195.0 208.2 210.2 216.0 215.6 197.8 210.2 208.0 210.7 12

 13 LM223064213 State and local govt. retirement funds (2) 215.2 207.1 197.0 211.0 209.1 189.2 197.0 199.3 201.2 13

 14 LM653064155 Mutual funds 4169.5 4500.9 4360.0 4572.9 4591.0 4189.4 4360.0 4310.0 4355.1 14

 15 FL153099475 Other 28668.3 30016.2 31439.3 30576.2 30837.9 31106.8 31439.3 31789.1 32276.8 15

 16 FL154190005 Liabilities 13792.6 14167.0 14509.5 14152.4 14293.4 14372.8 14509.5 14524.3 14687.6 16

 17 FL152090005 Net worth 78908.9 83944.0 87170.2 85825.4 86403.0 85088.8 87170.2 87987.7 89062.7 17

 Memo:

 Equity shares (line 7) as a percent of

 18 FL153064476 Total assets (line 1) 23.47 24.38 23.11 24.66 24.43 22.56 23.11 22.92 23.08 18

 19 FL153064486 Financial assets (line 3) 33.24 34.45 32.99 34.82 34.60 32.31 32.99 32.80 33.10 19

(1) Includes foreign deposits, checkable deposits and currency, time and savings deposits, and money market mutual fund shares.

(2) Defined contribution plans. Assets held by defined benefit pension funds are not considered assets of the household sector. Defined benefit pension entitlements are included in line 15.
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F.101.a Nonprofit Organizations (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 FA165000005 Net lending (+) or net borrowing (-) 56.4 45.0 24.3 10.8 24.5 11.9 54.6 50.0 87.1 12.9 6.0 -4.9 43.9 1

 2 FA164090005 Net acquisition of financial assets 73.7 78.6 56.4 48.4 54.2 46.0 78.5 86.5 123.4 51.1 59.5 29.9 112.4 2

 3 FA163020005 Checkable deposits and currency 0.5 -1.0 1.3 4.0 1.2 1.7 -2.5 2.3 8.3 2.9 3.1 2.3 5.1 3

 4 FA163030005 Time and savings deposits -0.2 5.4 -6.2 10.4 -2.4 -1.5 0.2 0.2 1.1 0.3 1.1 0.6 0.8 4

 5 FA163034005 Money market fund shares -13.1 4.9 -1.2 32.9 4.0 -13.8 1.1 1.2 9.4 -1.8 7.1 3.8 4.5 5

 6 FA162051005 Security repurchase agreements (2) 0.4 3.1 -2.2 -1.3 6.0 0.5 0.2 0.2 1.4 0.0 1.3 0.7 0.8 6

 7 FA164022005 Debt securities 55.7 21.0 22.9 -17.5 10.0 24.6 16.7 37.9 36.1 22.5 35.5 45.9 30.9 7

 8 FA163069103 Open market paper 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 2.0 4.1 1.3 3.0 4.7 12.4 8

 9 FA163061105 Treasury securities 6.4 13.8 4.8 6.1 6.8 5.1 6.4 16.4 13.9 8.9 11.6 17.5 5.4 9

10 FA163061705 Agency- and GSE-backed securities 4.5 2.6 4.6 3.6 3.1 2.3 2.9 7.6 6.4 4.1 5.4 8.1 2.5 10

11 FA163062005 Municipal securities 0.0 0.5 -0.5 0.0 0.2 0.3 0.4 0.1 0.0 -0.1 0.1 0.1 0.0 11

12 FA163063005 Corporate and foreign bonds 6.6 9.7 8.2 7.9 5.6 4.5 2.4 11.9 11.7 8.3 15.4 15.4 10.5 12

13 FA164023005 Loans 2.0 3.8 1.9 1.9 2.0 1.7 1.9 2.4 4.1 4.4 5.4 1.9 6.0 13

14 FA163065005 Mortgages -0.8 0.9 -0.7 -0.1 0.9 0.9 -0.1 0.9 0.6 0.6 0.9 0.8 1.7 14

15 FA163067005 Other loans and advances 2.8 2.8 2.6 2.0 1.1 0.8 2.0 1.5 3.4 3.7 4.6 1.1 4.3 15

16 FA163064105 Corporate equities 5.2 16.1 15.0 -18.6 18.6 8.9 45.1 -10.4 21.0 -30.6 -40.7 -67.4 15.4 16

17 FA163064205 Mutual fund shares -1.0 2.6 1.2 -3.3 0.7 -0.7 1.5 1.3 2.4 -1.0 0.4 -3.3 -1.0 17

18 FA163070005 Trade receivables (2) 2.8 2.8 2.6 2.0 1.1 1.8 2.1 1.6 3.5 2.6 4.6 1.1 4.3 18

19 FA162090205 Equity in noncorporate business -0.1 -3.9 -6.0 15.2 10.6 7.0 0.2 10.2 8.4 9.7 12.5 12.0 16.3 19

20 FA163093005 Miscellaneous assets (2) 18.6 21.0 24.5 20.5 1.2 15.0 10.1 38.0 24.4 38.3 24.7 31.2 25.0 20

21 FA164190005 Net increase in liabilities 17.3 33.6 32.1 37.6 29.7 34.1 24.0 36.4 36.3 38.2 53.5 34.7 68.5 21

22 FA163162003 Debt securities (municipal securities) 1.5 3.2 3.0 3.8 2.4 1.1 3.2 0.2 6.1 7.1 11.8 10.4 5.8 22

23 FA164123005 Loans 6.0 8.5 8.9 10.5 7.6 12.8 -0.8 -0.8 4.9 3.5 11.6 3.1 13.5 23

24 FA163168003 Depository institution loans n.e.c. 1.6 1.4 1.4 1.6 1.2 2.0 -0.2 -0.1 0.8 0.6 1.9 0.5 2.2 24

25 FA163169385 Other loans and advances -0.0 -0.0 0.3 0.4 -0.2 0.1 0.1 -0.1 0.0 -0.2 -0.1 0.1 -0.3 25

26 FA163165505 Commercial mortgages 4.4 7.2 7.2 8.6 6.6 10.7 -0.8 -0.6 4.1 3.1 9.9 2.5 11.6 26

27 FA163170003 Trade payables 2.4 16.2 9.3 9.4 5.9 6.0 5.2 7.9 8.0 8.9 8.7 4.1 3.8 27

28 FA163193005 Miscellaneous liabilities (2) 7.4 5.8 10.9 13.8 13.8 14.3 16.5 29.1 17.3 18.7 21.4 17.0 45.4 28

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table F.101.
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L.101.a Nonprofit Organizations (1)

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

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 FL164090005 Total financial assets 616.3 739.0 773.3 861.2 924.4 992.2 1062.6 1252.6 1456.1 1653.1 1844.2 2026.2 2059.5 1

 2 FL163020005 Checkable deposits and currency 17.0 15.9 17.3 21.3 22.5 24.1 21.6 23.9 32.1 35.0 38.1 40.4 45.5 2

 3 FL163030005 Time and savings deposits 1.5 6.8 0.6 11.1 8.7 7.1 7.3 7.5 8.6 8.9 10.0 10.6 11.4 3

 4 FL163034005 Money market fund shares 15.9 20.8 19.6 52.5 56.5 42.7 43.8 45.1 54.5 52.7 59.8 63.6 68.1 4

 5 FL162051005 Security repurchase agreements (2) 1.7 4.8 2.5 1.3 7.3 7.8 8.0 8.2 9.6 9.6 10.9 11.6 12.5 5

 6 FL164022005 Debt securities 226.7 247.7 270.6 253.1 263.1 287.7 304.5 342.4 378.5 401.0 436.5 482.4 513.2 6

 7 FL163069103 Open market paper 93.6 87.9 93.7 58.5 52.7 65.0 69.7 71.7 75.8 77.1 80.2 84.9 97.3 7

 8 FL163061105 Treasury securities 55.7 69.5 74.3 80.3 87.1 92.2 98.5 114.9 128.8 137.6 149.2 166.8 172.2 8

 9 FL163061705 Agency- and GSE-backed securities 26.3 28.9 33.5 37.1 40.3 42.6 45.5 53.1 59.5 63.6 69.0 77.1 79.6 9

10 FL163062005 Municipal securities 0.1 0.6 0.1 0.2 0.4 0.8 1.1 1.2 1.3 1.2 1.3 1.5 1.5 10

11 FL163063005 Corporate and foreign bonds 51.1 60.8 69.0 77.0 82.6 87.1 89.5 101.4 113.1 121.4 136.8 152.2 162.6 11

12 FL164023005 Loans 28.3 32.0 34.0 35.9 37.9 39.6 41.5 43.9 48.0 52.4 57.8 59.7 65.7 12

13 FL163065005 Mortgages 2.6 3.5 2.8 2.8 3.7 4.6 4.5 5.3 6.0 6.6 7.4 8.3 10.0 13

14 FL163067005 Other loans and advances 25.7 28.5 31.1 33.1 34.3 35.0 37.1 38.6 42.0 45.8 50.3 51.5 55.8 14

15 LM163064105 Corporate equities 145.8 203.0 197.5 214.6 241.1 270.2 308.2 397.1 494.7 604.9 692.0 769.3 708.6 15

16 LM163064205 Mutual fund shares 10.2 15.8 15.3 15.9 17.7 18.5 19.0 24.6 30.4 34.5 38.7 42.7 38.8 16

17 FL163070005 Trade receivables (2) 25.7 28.5 31.1 33.1 34.3 36.1 38.1 39.7 43.2 45.8 50.3 51.5 55.8 17

18 FL162090205 Equity in noncorporate business 26.1 22.2 16.2 31.4 42.0 49.0 49.2 59.4 67.8 77.5 90.0 102.0 118.3 18

19 FL163093005 Miscellaneous assets (2) 92.0 112.9 137.4 158.0 159.2 174.2 184.3 222.2 246.7 285.0 309.7 340.9 365.9 19

20 FL164190005 Liabilities 253.8 287.5 319.5 357.1 386.8 421.0 444.9 481.4 517.7 555.8 609.3 644.1 712.5 20

21 FL163162003 Debt securities (municipal securities) 79.6 82.7 85.7 89.5 91.9 93.0 96.1 96.4 102.4 109.6 121.3 131.7 137.5 21

22 FL164123005 Loans 74.8 83.4 92.2 102.8 110.4 123.1 122.3 121.5 126.4 129.9 141.5 144.7 158.2 22

23 FL163168003 Depository institution loans n.e.c. 11.8 13.1 14.5 16.1 17.3 19.3 19.2 19.1 19.8 20.4 22.3 22.7 24.9 23

24 FL163169385 Other loans and advances 0.3 0.3 0.5 0.9 0.7 0.8 0.9 0.8 0.9 0.7 0.6 0.7 0.4 24

25 FL163165505 Commercial mortgages 62.7 70.0 77.2 85.8 92.3 103.0 102.2 101.6 105.7 108.8 118.7 121.2 132.8 25

26 FL163170003 Trade payables 41.3 57.4 66.8 76.2 82.1 88.1 93.2 101.1 109.1 118.0 126.8 130.9 134.7 26

27 FL163193005 Miscellaneous liabilities (2) 58.2 63.9 74.8 88.6 102.5 116.8 133.3 162.4 179.7 198.4 219.7 236.8 282.1 27

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table L.101.
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S.1.a Total Economy - Current Account

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 1 FA896902505 Gross value added 14619.2 14343.4 14915.2 15556.3 16358.5 16829.5 17651.1 18290.3 1

 (income approach)

 2 FA886300091 Less: Consumption of fixed capital 2363.4 2368.4 2381.6 2450.6 2534.2 2628.9 2745.2 2830.8 2

 3 FA896902601 Equals: Net value added 12255.8 11975.0 12533.6 13105.6 13824.3 14200.6 14905.9 15459.5 3

 4 FA896025001 Compensation of employees (paid) 8090.0 7795.7 7969.5 8277.1 8618.5 8851.9 9263.7 9704.1 4

 5 FA896020001 Wages and salaries 6543.6 6260.1 6385.6 6641.2 6938.9 7126.1 7486.6 7865.8 5

 6 FA896401001 Employers’ social contributions 1546.4 1535.6 1583.9 1635.9 1679.6 1725.8 1777.1 1838.2 6

 7 FA896240101 Taxes on production and imports less subsidies 989.4 967.8 1001.2 1042.6 1074.0 1115.6 1153.5 1181.0 7

 8 FA896402101 Operating surplus, net 3176.5 3211.6 3562.8 3785.9 4131.7 4233.1 4488.7 4574.5 8

 9 FA266904095 Plus: Income receipts from the rest of the world 856.9 648.9 720.0 792.6 801.5 825.5 852.1 813.1 9

10 FA266904195 Less: Income payments to the rest of the world 684.9 497.8 514.1 546.0 563.9 581.3 604.0 607.4 10

11 FA896140001 Equals: Net national income/Balance of primary incomes, net 12427.8 12126.1 12739.5 13352.3 14061.9 14444.8 15153.9 15665.3 11

12 FA896402101 Operating surplus, net 3176.5 3211.6 3562.8 3785.9 4131.7 4233.1 4488.7 4574.5 12

13 FA156025105 Compensation of employees (received) 8078.3 7787.0 7961.4 8269.0 8609.9 8842.4 9253.4 9693.1 13

14 FA156020101 Wages and salaries 6531.9 6251.4 6377.5 6633.2 6930.3 7116.7 7476.3 7854.8 14

15 FA156401101 Employers’ social contributions 1546.4 1535.6 1583.9 1635.9 1679.6 1725.8 1777.1 1838.2 15

16 FA896240001 Taxes on production and imports, receivable 1041.9 1026.1 1057.1 1102.6 1132.1 1174.9 1210.2 1237.6 16

17 FA366402015 Subsidies paid -52.6 -58.3 -55.9 -60.1 -58.0 -59.3 -56.7 -56.6 17

18 FA896150105 Property income (received) 6916.9 5815.3 5752.9 6011.3 6248.7 6308.4 6510.4 6633.3 18

19 FA896130101 Interest 4234.7 3464.1 3230.4 3233.2 3179.8 3041.5 3084.8 3159.6 19

20 FA896120105 Distributed income of corporations 2390.7 2072.0 2166.7 2410.7 2727.7 2894.6 3033.2 3114.6 20

21 FA896121101 Dividends 1255.5 989.3 1007.3 1118.0 1326.0 1444.8 1521.6 1549.5 21

22 FA156122101 Withdrawals from income of quasi-corporations 1135.2 1082.6 1159.4 1292.8 1401.7 1449.8 1511.5 1565.1 22

23 FA893092201 Reinvested earnings on U.S. direct investment abroad 265.6 260.9 336.6 345.7 318.7 350.1 368.0 338.3 23

24 FA896112101 Rents on land and natural resources 25.9 18.3 19.2 21.7 22.5 22.1 24.4 20.9 24

25 FA896150005 Less: Uses of property income (paid) 6733.1 5655.5 5538.8 5756.6 6002.5 6054.7 6252.0 6416.6 25

26 FA896130001 Interest 4457.7 3661.6 3411.5 3400.4 3343.9 3199.7 3237.5 3328.6 26

27 FA896120005 Distributed income of corporations 2210.1 1953.8 2045.3 2255.8 2548.4 2756.2 2892.6 2984.2 27

28 FA896121001 Dividends 1075.0 871.2 885.9 963.1 1146.7 1306.3 1381.1 1419.1 28

29 FA896122001 Withdrawals from income of quasi-corporations 1135.2 1082.6 1159.4 1292.8 1401.7 1449.8 1511.5 1565.1 29

30 FA893192201 Reinvested earnings on foreign direct investment 39.4 21.9 62.8 78.7 87.6 76.7 97.6 82.9 30

31 FA896112001 Rents on land and natural resources 25.9 18.3 19.2 21.7 22.5 22.1 24.4 20.9 31

32 FA896140001 Net national income/Balance of primary incomes, net 12427.8 12126.1 12739.5 13352.3 14061.9 14444.8 15153.9 15665.3 32

33 FA896220001 Plus: Current taxes on income, wealth, etc. (received) 1807.7 1413.1 1601.3 1819.5 1945.2 2130.7 2303.6 2476.2 33

34 FA896220005 Less: Current taxes on income, wealth, etc. (paid) 1816.9 1421.7 1609.8 1832.3 1959.0 2145.5 2319.7 2492.5 34

35 FA896404105 Plus: Social benefits (received) 2913.0 3078.2 3270.8 3232.4 3279.8 3496.6 3654.9 3835.8 35

36 FA896404005 Less: Social contributions (paid) 2923.7 3089.3 3282.4 3245.1 3293.1 3510.4 3669.3 3851.1 36

37 FA896403105 Plus: Other current transfers (received) 564.1 672.0 723.0 699.4 656.8 683.1 756.0 803.8 37

38 FA896403005 Less: Other current transfers (paid) 684.9 789.8 842.2 822.1 769.7 792.9 866.5 933.3 38

39 FA896012005 Equals: Disposable income, net 12287.2 11988.6 12600.3 13204.1 13921.8 14306.5 15012.9 15504.1 39

40 FA896901001 Less: Final consumption expenditures 12382.2 12289.0 12724.4 13220.2 13594.8 13884.9 14420.9 14888.6 40

41 FA896006001 Equals: Net saving -95.0 -300.4 -124.1 -16.1 327.0 421.6 592.0 615.5 41

 Addendum:

42 FA896902505 Gross value added (line 1) 14619.2 14343.4 14915.2 15556.3 16358.5 16829.5 17651.1 18290.3 42

43 FA087005995 Plus statistical discrepancy (NIPA) 99.4 75.3 49.2 -38.3 -203.3 -137.9 -258.0 -253.7 43

44 FA086902005 Equals: GDP (NIPA, expenditure approach) 14718.6 14418.7 14964.4 15517.9 16155.3 16691.5 17393.1 18036.6 44

45 FA086902203 Average of GDP and GDI 14668.9 14381.1 14939.8 15537.1 16256.9 16760.5 17522.1 18163.5 45

46 FA087005086 Statistical discrepancy as a percentage of GDP 0.68 0.52 0.33 -0.25 -1.26 -0.83 -1.48 -1.41 46
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148 Z.1, September 16, 2016

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

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 1 FA896902505 Gross value added 14619.2 14343.4 14915.2 15556.3 16358.5 16829.5 17651.1 18290.3 1

 2 FA156902505 Households and nonprofit institutions serving households 1855.3 1913.6 1928.8 1974.4 2029.4 2084.3 2165.2 2258.9 2

 3 FA116902505 Nonfinancial noncorporate business 2632.4 2466.4 2546.2 2751.6 2909.8 3020.8 3177.2 3305.5 3

 4 FA106902501 Nonfinancial corporate business 7256.8 6859.8 7238.7 7592.3 8011.9 8305.2 8703.9 9008.8 4

 5 FA796902505 Financial business 851.9 1015.4 1042.8 1045.8 1187.3 1172.1 1303.7 1354.9 5

 6 FA316902505 Federal government 637.6 668.8 704.5 720.9 723.7 715.2 725.7 735.1 6

 7 FA206902505 State and local government 1385.2 1419.4 1454.2 1471.4 1496.5 1532.0 1575.3 1627.0 7

 8 FA896006001 Net saving -95.0 -300.4 -124.1 -16.1 327.0 421.6 592.0 615.5 8

 9 FA156006005 Households and nonprofit institutions serving households 536.7 667.4 630.0 710.1 946.7 620.1 726.0 783.6 9

10 FA106012095 Nonfinancial corporate business 296.7 381.0 603.5 584.2 556.7 641.8 634.2 551.5 10

11 FA796012095 Financial business -129.4 171.9 208.4 149.7 134.5 -6.0 14.5 11.4 11

12 FA316006085 Federal government -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -643.8 -612.9 -569.7 12

13 FA206006095 State and local government -165.1 -271.9 -237.3 -215.9 -220.8 -190.5 -169.8 -161.3 13

 Net capital transfers

14 FA155440005 Households and nonprofit institutions serving households 7.7 -28.4 -20.6 2.0 -5.1 20.0 9.6 21.5 14

15 FA115440005 Nonfinancial noncorporate business -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 0.0 0.0 15

16 FA105440005 Nonfinancial corporate business -3.7 38.3 20.9 -6.4 -17.0 -5.7 -6.7 -3.2 16

17 FA795440005 Financial business -60.5 -121.9 -41.5 -32.4 9.6 0.0 10.0 0.0 17

18 FA315440005 Federal government 117.6 186.3 126.3 113.9 85.0 58.2 58.4 51.5 18

19 FA205440005 State and local government -63.2 -67.7 -76.7 -73.8 -74.2 -71.6 -70.9 -69.3 19

20 FA265440005 Rest of the world 5.4 -0.6 -0.7 -1.6 6.5 -0.8 -0.4 -0.5 20

21 FA885019005 Gross fixed capital formation 3091.4 2672.7 2691.1 2836.0 3064.3 3206.2 3415.5 3576.6 21

22 FA155019005 Households and nonprofit institutions serving households 580.4 468.1 452.4 451.9 505.3 571.2 610.8 688.1 22

23 FA115019085 Nonfinancial noncorporate business 307.5 248.8 243.1 274.8 312.6 336.5 366.9 382.0 23

24 FA105019085 Nonfinancial corporate business 1372.7 1141.9 1181.0 1303.9 1439.9 1505.0 1625.5 1654.6 24

25 FA795013005 Financial business (nonresidential) 196.2 166.9 162.8 167.5 192.1 201.3 217.7 238.5 25

26 FA315019001 Federal government 275.8 284.0 300.0 297.4 284.7 268.4 262.9 261.2 26

27 FA205019001 State and local government 358.8 363.0 351.9 340.5 329.7 323.9 331.6 352.2 27

28 FA886300095 Consumption of fixed capital 2363.4 2368.4 2381.6 2450.6 2534.2 2628.9 2745.2 2830.8 28

29 FA156300003 Households and nonprofit institutions serving households 414.6 403.3 400.5 398.2 404.6 427.7 456.3 471.8 29

30 FA116300001 Nonfinancial noncorporate business 254.5 253.0 251.8 265.0 273.0 284.4 298.6 308.7 30

31 FA106300083 Nonfinancial corporate business 1093.9 1092.0 1094.6 1139.2 1186.2 1228.1 1282.8 1329.6 31

32 FA796300081 Financial business (nonresidential) 173.9 177.4 176.7 168.6 174.2 182.2 190.2 198.2 32

33 FA316300003 Federal government 226.3 234.5 245.3 257.4 264.3 268.0 271.3 271.5 33

34 FA206300003 State and local government 200.2 208.2 212.7 222.2 231.9 238.5 246.1 251.0 34

35 FA145020005 Change in inventories -32.0 -147.6 61.5 41.8 61.8 92.4 65.4 93.4 35

36 FA115020005 Nonfinancial noncorporate business -2.3 -16.8 3.6 6.8 -4.0 18.8 7.6 12.2 36

37 FA105020005 Nonfinancial corporate business -29.7 -130.8 57.9 34.9 65.8 73.6 57.9 81.2 37

38 FA885000985 Net lending (+) or net borrowing (-) (capital account) -785.6 -457.8 -495.8 -444.8 -258.4 -249.0 -144.2 -224.2 38

39 FA155000905 Households and nonprofit institutions serving households 374.2 640.6 607.2 662.3 858.9 464.6 569.9 554.0 39

40 FA115000905 Nonfinancial noncorporate business -47.5 27.0 12.8 -15.1 -30.7 -70.9 -75.9 -85.6 40

41 FA105000905 Nonfinancial corporate business 33.8 417.2 439.3 391.4 253.4 295.7 238.5 118.7 41

42 FA795000995 Financial business -91.2 304.4 263.8 183.3 107.0 -25.1 -23.0 -28.9 42

43 FA315000995 Federal government -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -700.0 -660.3 -580.1 43

44 FA205000995 State and local government -274.3 -371.4 -310.3 -269.6 -253.6 -213.3 -193.3 -202.3 44

 Addendum:

45 FA087005995 Statistical discrepancy (NIPA) 99.4 75.3 49.2 -38.3 -203.3 -137.9 -258.0 -253.7 45

46 FA265000905 Rest of the world 686.2 382.5 446.6 483.2 461.7 386.9 402.2 477.9 46

47 FA885000005 Net lending (+) or net borrowing (-) (financial account) -1246.5 -688.3 -712.4 -558.3 -930.1 148.5 -444.1 247.8 47

48 FA155000005 Households and nonprofit institutions serving households 1317.6 518.4 827.9 1469.1 917.9 885.7 893.5 907.0 48

49 FA115000005 Nonfinancial noncorporate business -37.1 44.8 29.5 -15.1 -30.7 -70.9 -75.9 -85.5 49

50 FA105000005 Nonfinancial corporate business -947.7 548.5 145.2 -397.5 -479.0 62.9 -503.5 31.3 50

51 FA795000005 Financial business -424.0 -62.9 -14.6 70.4 65.3 181.5 17.0 120.4 51

52 FA315000005 Federal government -789.1 -1288.6 -1416.9 -1350.0 -1131.2 -661.2 -598.4 -514.6 52

53 FA215000005 State and local government -366.1 -448.4 -283.5 -335.2 -272.3 -249.6 -176.8 -210.9 53

 Addendum:

54 FA265000005 Rest of the world 765.2 28.0 268.2 416.7 467.3 389.6 365.5 79.3 54

 Total other volume changes

55 FV158090185 Households and nonprofit institutions serving households 1181.1 374.2 1088.5 700.0 314.2 1192.5 652.3 940.5 55

56 FV118090105 Nonfinancial noncorporate business -315.4 -96.6 181.5 241.8 81.5 191.2 28.5 51.6 56

57 FV108090105 Nonfinancial corporate business -744.2 172.3 379.3 -54.9 -233.2 511.1 -5.3 488.0 57

58 FV798090185 Financial business 927.8 -784.6 -655.3 16.1 -190.2 -1038.1 -331.2 -33.5 58

59 FV318090185 Federal government 86.7 131.1 -31.0 48.2 41.3 24.9 76.3 103.3 59

60 FV218090185 State and local government -961.5 321.9 38.5 -70.9 260.7 551.0 211.4 -86.4 60

61 FV268090185 Rest of the world 69.8 -339.9 -179.9 -70.6 -0.1 6.8 -36.6 -398.6 61

 Holding gains/losses

62 FR158200095 Households and nonprofit institutions serving households -12432.1 991.7 2502.4 35.4 4645.7 7694.5 3666.4 1523.7 62

63 FR112010005 Nonfinancial noncorporate business -1168.7 -1117.4 442.1 415.1 667.3 963.9 625.0 718.2 63

64 FR108200005 Nonfinancial corporate business 4341.9 -5139.4 -1282.2 470.8 -1410.3 -3953.3 -1500.0 1433.8 64

65 FR798200005 Financial business 830.5 162.2 -94.3 211.2 -289.0 96.7 -168.7 194.1 65

66 FR318200005 Federal government 1.2 -157.9 18.5 37.4 45.3 79.4 58.9 7.7 66

67 FR218200005 State and local government 350.5 -71.7 197.4 394.6 244.4 277.7 186.8 64.2 67

68 FR265000005 Rest of the world 1154.7 -900.5 -192.9 876.2 -371.0 397.6 860.4 -228.7 68
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Change in net worth

69 FC152090005 Households and nonprofit institutions serving households -10722.0 2061.7 4241.5 1443.6 5911.7 9487.1 5035.1 3226.3 69

70 FC112090205 Nonfinancial noncorporate business -1481.1 -1209.0 631.1 657.8 754.3 1154.8 652.8 770.1 70

71 FC102090085 Nonfinancial corporate business 3898.0 -4624.4 -320.4 1006.5 -1069.8 -2794.7 -864.4 2476.5 71

72 FC792090095 Financial business 1689.5 -328.6 -499.7 409.5 -354.3 -947.3 -495.4 172.0 72

73 FC312090095 Federal government -663.6 -1461.9 -1467.5 -1272.4 -1088.5 -597.6 -536.1 -510.2 73

74 FC212090095 State and local government -712.9 46.0 75.3 181.6 358.5 709.7 299.2 -114.2 74

75 FC262090095 Rest of the world 1910.8 -857.9 73.9 1288.7 90.5 791.3 1226.0 -149.4 75

 Net worth

76 FL152090005 Households and nonprofit institutions serving households 55763.3 57825.1 62066.6 63510.1 69421.8 78908.9 83944.0 87170.2 76

77 FL112090205 Nonfinancial noncorporate business 7321.1 6112.1 6743.2 7401.0 8155.2 9310.0 9962.8 10732.9 77

78 FL102090085 Nonfinancial corporate business 6674.2 2049.8 1729.4 2735.9 1666.1 -1128.6 -1993.1 483.4 78

79 FL792090095 Financial business 1383.4 1054.8 555.0 964.5 610.2 -337.1 -832.5 -660.5 79

80 FL312090095 Federal government -5303.0 -6764.9 -8232.5 -9504.9 -10593.3 -11190.9 -11727.1 -12237.2 80

81 FL212090095 State and local government 5922.7 5968.8 6044.1 6225.7 6584.2 7293.9 7593.1 7478.9 81

82 FL262090095 Rest of the world 3075.4 2217.5 2291.3 3580.1 3670.6 4461.9 5687.8 5538.4 82
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA156902505 Gross value added 1855.3 1913.6 1928.8 1974.4 2029.4 2084.3 2165.2 2258.9 1

 2 FA156300003 Less: Consumption of fixed capital 414.6 403.3 400.5 398.2 404.6 427.7 456.3 471.8 2

 3 FA156902605 Equals: Net value added 1440.7 1510.3 1528.3 1576.1 1624.8 1656.6 1708.9 1787.1 3

 4 FA156025005 Compensation paid by households and NPISHs 658.2 686.6 696.4 723.9 759.2 779.8 811.5 852.1 4

 5 FA156020001 Wages and salaries 549.9 566.1 577.3 597.0 624.7 641.7 669.2 705.3 5

 6 FA156401001 Employers’ social contributions 108.3 120.5 119.1 126.9 134.4 138.1 142.2 146.7 6

 7 FA156240101 Taxes on production and imports less subsidies 143.2 152.4 152.8 154.9 156.0 157.7 159.6 161.1 7

 8 FA156402101 Operating surplus, net 639.3 671.3 679.1 697.2 709.6 719.0 737.8 773.9 8

 9 FA156140005 Net national income/Balance of primary incomes, net 11247.7 10643.4 10889.5 11566.0 12269.0 12519.3 13181.4 13726.3 9

10 FA156402101 Operating surplus, net 639.3 671.3 679.1 697.2 709.6 719.0 737.8 773.9 10

11 FA156025105 Compensation of employees (received) 8078.3 7787.0 7961.4 8269.0 8609.9 8842.4 9253.4 9693.1 11

12 FA156020101 Wages and salaries 6531.9 6251.4 6377.5 6633.2 6930.3 7116.7 7476.3 7854.8 12

13 FA156401101 Employers’ social contributions 1546.4 1535.6 1583.9 1635.9 1679.6 1725.8 1777.1 1838.2 13

14 FA156150105 Property income (received) 3303.6 2901.9 2900.2 3207.9 3526.7 3507.2 3739.9 3820.3 14

15 FA156130101 Interest 1363.0 1265.5 1196.2 1232.9 1290.1 1263.0 1302.3 1304.1 15

16 FA156120105 Distributed income of corporations 1940.6 1636.4 1704.0 1975.0 2236.6 2244.3 2437.6 2516.2 16

17 FA156121101 Dividends 805.4 553.7 544.6 682.2 834.9 794.4 926.1 951.1 17

18 FA156122101 Withdrawals from income of quasi-corporations (1) 1135.2 1082.6 1159.4 1292.8 1401.7 1449.8 1511.5 1565.1 18

19 FA156130001 Less: Uses of property income (interest paid) 773.5 716.8 651.2 608.2 577.3 549.4 549.7 561.1 19

20 FA156140005 Net national income/Balance of primary incomes, net 11247.7 10643.4 10889.5 11566.0 12269.0 12519.3 13181.4 13726.3 20

21 FA156220001 Less: Current taxes on income, wealth, etc. (paid) 1507.8 1152.3 1239.3 1453.2 1511.4 1677.8 1787.0 1938.7 21

22 FA156404105 Plus: Social benefits (received) 1920.0 2108.8 2281.7 2310.2 2323.6 2386.9 2494.9 2627.2 22

23 FA156600001 Less: Social contributions (paid) 988.2 964.4 984.1 917.8 951.6 1104.6 1154.9 1203.5 23

24 FA156403101 Plus: Other current transfers (received) 36.6 38.7 43.0 50.2 42.7 41.1 45.5 51.4 24

25 FA156403001 Less: Other current transfers (paid) 157.8 159.8 158.7 156.1 175.0 183.6 190.6 195.5 25

26 FA156012095 Equals: Disposable income, net 10550.4 10514.4 10832.2 11399.4 11997.3 11981.3 12589.4 13067.3 26

27 FA156901001 Less: Final consumption expenditures 10013.6 9847.0 10202.2 10689.3 11050.6 11361.2 11863.4 12283.7 27

28 FA156006005 Equals: Net saving 536.7 667.4 630.0 710.1 946.7 620.1 726.0 783.6 28

 Capital account

29 FA156006315 Net saving less capital transfers 529.0 695.8 650.6 708.1 951.8 600.1 716.4 762.1 29

30 FA156006005 Net saving 536.7 667.4 630.0 710.1 946.7 620.1 726.0 783.6 30

31 FA155440005 Less: Capital transfers paid (net) 7.7 -28.4 -20.6 2.0 -5.1 20.0 9.6 21.5 31

32 FA155050905 Capital formation, net 154.9 55.2 43.4 45.8 92.9 135.6 146.5 208.1 32

33 FA155019005 Gross fixed capital formation, excluding consumer durables 580.4 468.1 452.4 451.9 505.3 571.2 610.8 688.1 33

34 FA155012005 Residential 425.3 321.1 318.3 321.1 367.9 433.4 473.8 542.3 34

35 FA165013005 Nonresidential (nonprofit organizations) 155.1 147.1 134.1 130.8 137.4 137.8 137.0 145.8 35

36 FA156300003 Less: Consumption of fixed capital 414.6 403.3 400.5 398.2 404.6 427.7 456.3 471.8 36

37 FA155420003 Acquisition of nonproduced nonfinancial assets -11.0 -9.7 -8.5 -7.8 -7.9 -7.9 -8.0 -8.2 37

38 FA155000905 Net lending (+) or borrowing (-), capital account (lines 29-32) 374.2 640.6 607.2 662.3 858.9 464.6 569.9 554.0 38

 Financial account

39 FA155000905 Net lending (+) or borrowing (-) (line 38) 374.2 640.6 607.2 662.3 858.9 464.6 569.9 554.0 39

40 FA154090005 Net acquisition of financial assets 1328.1 604.5 725.9 1402.0 1177.1 1120.9 1312.9 1298.7 40

41 FA154000005 Currency and deposits 417.2 197.0 208.3 660.4 581.7 347.3 559.5 591.4 41

42 FA153020005 Currency and transferable deposits 176.8 100.6 39.0 300.3 177.3 134.0 134.0 144.7 42

43 FA153030005 Time and savings deposits 258.3 103.5 164.8 370.0 412.3 210.7 431.9 460.9 43

44 FA153091003 Foreign deposits -17.8 -7.2 4.5 -9.9 -7.9 2.6 -6.4 -14.1 44

45 FA313131003 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 FA154022005 Debt securities 775.6 -47.4 -122.9 9.5 -94.0 -402.9 -67.9 177.6 46

47 FA163069103 Open market paper -101.3 16.7 -1.5 -1.8 -0.6 -3.8 -0.1 0.2 47

48 FA153061105 Treasury securities 151.0 506.8 316.0 -194.1 222.0 -29.9 -229.7 219.3 48

49 FA153061705 Agency- and GSE-backed securities (2) 300.9 -694.5 1.2 82.4 -71.2 -31.2 92.3 199.9 49

50 FA153062005 Municipal securities 74.0 129.7 60.2 -37.9 -130.5 -52.8 -67.6 -60.2 50

51 FA153063005 Corporate and foreign bonds 351.1 -6.1 -498.7 160.9 -113.7 -285.3 137.3 -181.5 51

52 FA154023005 Loans -159.9 -48.3 0.8 -5.3 12.4 51.9 53.3 -53.7 52

53 FA154041005 Short term -161.0 -47.4 11.7 -6.2 30.5 57.3 47.6 -54.0 53

54 FA153065005 Long term (mortgages) 1.1 -0.9 -10.9 0.9 -18.1 -5.4 5.7 0.3 54
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2008 2009 2010 2011 2012 2013 2014 2015

 

55 FA153081005 Equity and investment fund shares -306.4 -53.8 -7.5 107.5 209.9 576.6 412.1 80.1 55

56 FA153064105 Corporate equities -208.7 -11.3 -207.9 -253.8 -180.6 137.5 170.3 1.1 56

57 FA153064205 Mutual fund shares -25.7 331.8 212.7 149.0 302.4 230.4 241.3 73.1 57

58 FA153034005 Money market fund shares 234.2 -267.9 -183.5 -19.8 1.6 28.9 -27.4 -45.7 58

59 FA152090205 Equity in noncorporate business -306.1 -107.6 167.3 231.5 89.9 181.6 28.0 51.5 59

60 FA153094305 Equity investment under Public-Private Inv. Program (3) 0.0 1.2 4.0 0.5 -3.4 -1.8 0.0 0.0 60

61 FA153052005 Insurance, pension and standardized guarantee schemes 601.5 556.9 647.1 629.9 467.2 548.0 355.8 503.3 61

62 FA153076005 Insurance receivables due from property-casualty insurance companies 11.0 8.7 -35.2 27.6 -17.7 37.8 -8.4 23.4 62

63 FA153040005 Life insurance reserves 54.0 23.1 8.5 71.8 -29.5 9.3 37.0 33.9 63

64 FA153050005 Pension entitlements (4) 492.4 500.1 634.3 497.3 502.8 488.3 311.1 435.5 64

65 FA543195005 Non-life insurance reserves at life insurance companies 17.6 8.4 17.1 14.8 -1.8 0.4 5.8 3.1 65

66 FA313195105 Retiree Health Care Funds 26.5 16.6 22.5 18.5 13.3 12.2 10.4 7.4 66

67 FA154190005 Net incurrence of liabilities 10.5 86.1 -102.0 -67.1 259.2 235.2 419.4 391.8 67

68 FA163162003 Debt securities (municipals) 10.4 6.6 -1.6 -7.5 -13.8 -14.4 -6.7 -8.1 68

69 FA154123005 Loans -25.2 42.9 -73.7 -60.4 268.5 245.6 421.8 397.1 69

70 FA154141005 Short term -115.6 -27.6 99.6 18.8 341.0 241.5 376.1 256.7 70

71 FA153166000 Consumer credit 34.3 -94.6 -28.1 111.1 164.1 175.8 221.8 232.7 71

72 FA153168005 Depository institution loans n.e.c. 4.6 28.3 50.1 -54.9 110.8 28.2 121.1 100.5 72

73 FA153169005 Other loans and advances -154.5 38.7 77.6 -37.4 66.1 37.4 33.2 -76.6 73

74 FA153165005 Long term (mortgages) 90.3 70.5 -173.3 -79.2 -72.5 4.1 45.7 140.5 74

75 FA543077073 Insurance, pension and standardized guarantee schemes 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 1.5 75

76 FA163170003 Other accounts payable (trade debt) 22.2 41.4 -29.4 1.2 4.0 1.0 3.1 1.2 76

 Addendum:

77 FA155000005 Net lending (+) or borrowing (-), financial account (lines 40-67) 1317.6 518.4 827.9 1469.1 917.9 885.7 893.5 907.0 77

 Other changes in volume account

78 FV158090185 Total other volume changes 1181.1 374.2 1088.5 700.0 314.2 1192.5 652.3 940.5 78

79 FU155111005 Net investment in consumer durable goods 134.6 50.3 86.9 119.0 167.1 185.7 213.4 241.9 79

80 FV152010005 Disaster losses -8.3 0.0 0.0 0.0 -20.9 0.0 0.0 0.0 80

81 FV158090085 Other volume changes 111.4 446.1 781.0 -225.7 109.0 585.6 115.3 345.6 81

82 FU157005045 Less: Statistical discrepancy (lines 38-77) (5) -943.4 122.2 -220.7 -806.8 -59.0 -421.2 -323.6 -353.0 82

 Revaluation account

83 FR152010085 Nonfinancial assets -3977.8 -1095.5 -471.4 67.1 1359.1 2037.7 1115.1 1313.2 83

84 FR155035005 Real estate -3943.3 -1048.1 -380.2 44.8 1400.1 2127.6 1214.3 1369.0 84

85 FR155111005 Consumer durable goods -32.0 -40.8 -88.3 17.7 -41.5 -93.4 -101.7 -58.0 85

86 FR165015205 Equipment -1.3 -4.7 -2.4 2.5 -0.7 0.3 1.0 1.1 86

87 FR165013765 Intellectual property products -1.2 -2.0 -0.4 2.2 1.2 3.1 1.5 1.0 87

88 FR158080095 Financial assets -8454.3 2087.2 2973.7 -31.7 3286.6 5656.8 2551.3 210.6 88

89 FR153064105 Corporate equities -4187.6 1713.7 1650.6 -184.4 1567.7 2921.9 1344.9 -207.8 89

90 FR153064205 Mutual fund shares -1496.6 725.8 408.9 -145.8 512.3 768.6 235.1 -275.4 90

91 FR152090205 Equity in noncorporate business -1179.3 -1108.8 449.9 414.8 671.4 967.7 623.9 713.0 91

92 FR153094305 Equity investment under Public-Private Inv. Program 0.0 -0.3 -1.0 0.9 -0.0 0.0 0.0 0.0 92

93 FR153052045 Insurance, pension and standardized guarantee schemes -1590.8 756.8 465.3 -117.1 535.2 998.6 347.3 -19.2 93

94 FR158200095 Changes in net worth due to nominal holding gains/losses -12432.1 991.7 2502.4 35.4 4645.7 7694.5 3666.4 1523.7 94

 Changes in balance sheet account

95 FC152090005 Change in net worth (lines 32+38+78+94) -10722.0 2061.7 4241.5 1443.6 5911.7 9487.1 5035.1 3226.3 95

 Balance sheet account (end of period)

96 FL152000005 Total assets 70043.0 71898.4 75862.8 77098.3 83067.0 92701.4 98111.0 101679.8 96

97 FL152010005 Nonfinancial assets 24376.9 23388.0 23044.8 23274.4 24870.4 27228.0 28701.2 30462.6 97

98 LM155035005 Real estate 19442.6 18431.5 18076.2 18148.8 19603.8 21849.2 23195.1 24756.0 98

99 FL155111005 Consumer durable goods 4578.6 4588.1 4586.7 4723.3 4848.9 4941.2 5052.9 5236.8 99

100 FL165015205 Equipment 264.0 271.9 280.1 293.0 301.8 311.6 320.4 331.0 100

101 FL165013765 Intellectual property products 91.6 96.4 101.8 109.4 115.9 126.0 132.8 138.9 101

102 FL154090005 Financial assets 45666.1 48510.4 52818.1 53823.9 58196.6 65473.4 69409.8 71217.1 102

103 FL154000005 Currency and deposits 6591.5 6774.0 6932.9 7593.2 8116.2 8463.5 9085.8 9677.6 103

104 FL153020005 Currency and transferable deposits 295.2 395.8 423.5 723.8 887.5 1021.5 1155.5 1300.2 104

105 FL153091003 Foreign deposits 69.9 62.7 67.3 57.4 49.5 52.1 45.7 31.6 105

106 FL153030005 Time and savings deposits 6226.4 6315.4 6442.2 6812.1 7179.2 7389.9 7884.6 8345.8 106

107 FL313131003 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 107
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2008 2009 2010 2011 2012 2013 2014 2015

 

108 FL154022005 Debt securities 4850.4 4968.1 4984.3 4580.9 4451.1 4470.3 4257.1 4568.6 108

109 FL163069103 Open market paper 6.0 22.7 21.1 19.4 18.8 15.0 14.9 15.1 109

110 FL153061105 Treasury securities 171.0 836.7 1104.2 699.6 939.1 1146.1 856.0 1144.8 110

111 FL153061705 Agency- and GSE-backed securities (2) 1013.7 312.8 289.0 329.3 236.8 279.1 330.9 545.6 111

112 FL153062005 Municipal securities 1914.0 1996.5 2064.9 1984.1 1830.9 1826.2 1709.3 1648.8 112

113 FL153063005 Corporate and foreign bonds 1745.8 1799.3 1505.0 1548.6 1425.4 1203.9 1346.0 1214.4 113

114 FL154023005 Loans 967.9 922.0 922.8 917.5 918.8 970.7 1024.0 970.3 114

115 FL154041005 Short term 856.1 811.0 822.7 816.6 836.0 893.2 940.8 886.8 115

116 FL153065005 Long term (mortgages) 111.8 110.9 100.1 100.9 82.8 77.5 83.2 83.5 116

117 FL153081005 Equity and investment fund shares 17358.3 18646.5 21162.5 21366.5 24326.1 29565.4 32184.1 32491.2 117

118 LM153064105 Corporate equities 5650.1 7352.5 8795.2 8403.2 9790.3 12849.7 14364.9 14158.2 118

119 LM153064205 Mutual fund shares 2796.7 3854.3 4475.9 4436.5 5251.3 6250.3 6726.7 6519.4 119

120 FL153034005 Money market fund shares 1579.8 1311.9 1128.4 1108.7 1110.2 1139.2 1111.8 1066.1 120

121 FL152090205 Equity in noncorporate business 7331.7 6126.9 6759.1 7412.8 8172.5 9326.3 9980.7 10747.6 121

122 FL153094305 Equity investment under Public-Private Inv. Program (3) 0.0 0.9 3.8 5.2 1.8 0.0 0.0 0.0 122

123 FL153052005 Insurance, pension and standardized guarantee schemes 15898.0 17199.9 18815.6 19365.8 20384.5 22003.5 22858.8 23509.5 123

124 FL153076005 Insurance receivables due from property-casualty insurance companies 337.3 346.0 310.8 338.4 320.7 358.5 350.1 373.5 124

125 FL153040005 Life insurance reserves 1050.2 1109.5 1137.5 1199.3 1186.4 1233.0 1282.8 1310.6 125

126 FL153050005 Pension entitlements (4) 14081.5 15290.3 16873.7 17301.3 18338.9 19860.9 20658.7 21247.6 126

127 FL543195005 Non-life insurance reserves at life insurance companies 265.2 273.6 290.7 305.5 303.7 304.2 310.0 313.1 127

128 FL313195105 Retiree Health Care Funds 163.8 180.4 202.9 221.4 234.8 246.9 257.3 264.7 128

129 FL152100005 Total liabilities and net worth 70043.0 71898.4 75862.8 77098.3 83067.0 92701.4 98111.0 101679.8 129

130 FL154190005 Liabilities 14279.7 14073.3 13796.3 13588.1 13645.2 13792.6 14167.0 14509.5 130

131 FL163162003 Debt securities (municipals) 266.2 272.9 271.3 263.8 249.9 235.6 228.8 220.8 131

132 FL154123005 Loans 13749.7 13500.2 13251.5 13050.0 13116.4 13274.1 13651.0 13998.8 132

133 FL154141005 Short term 2968.6 2876.2 3122.6 3146.7 3426.0 3667.5 4043.6 4298.6 133

134 FL153166000 Consumer credit 2644.2 2555.4 2647.2 2758.3 2920.4 3096.2 3318.0 3535.7 134

135 FL153168005 Depository institution loans n.e.c. 26.4 -15.9 61.0 11.5 62.6 90.8 211.9 325.7 135

136 FL153169005 Other loans and advances 298.0 336.7 414.3 376.9 443.1 480.5 513.7 437.2 136

137 FL153165005 Long term (mortgages) 10781.1 10624.0 10128.9 9903.3 9690.3 9606.6 9607.4 9700.3 137

138 FL543077073 Insurance, pension and standardized guarantee schemes 27.0 22.1 24.7 24.3 24.9 27.9 29.1 30.6 138

139 FL163170003 Other accounts payable (trade debt) 236.7 278.2 248.8 250.0 254.0 255.0 258.1 259.4 139

140 FL152090005 Net worth 55763.3 57825.1 62066.6 63510.1 69421.8 78908.9 83944.0 87170.2 140

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).

(4) Includes variable annuities, including those in IRAs, at life insurance companies.

(5) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

NPISHs Nonprofit institutions serving households

n.e.c. Not elsewhere classified
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2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA116902505 Gross value added 2632.4 2466.4 2546.2 2751.6 2909.8 3020.8 3177.2 3305.5 1

 2 FA116300001 Less: Consumption of fixed capital 254.5 253.0 251.8 265.0 273.0 284.4 298.6 308.7 2

 3 FA116902605 Equals: Net value added 2378.0 2213.4 2294.4 2486.6 2636.8 2736.4 2878.7 2996.8 3

 4 FA116025001 Compensation of employees (paid) 843.4 805.4 816.6 845.9 892.6 920.5 967.8 1019.6 4

 5 FA116020001 Wages and salaries 712.1 675.0 684.6 713.1 752.7 775.7 818.3 864.0 5

 6 FA116401005 Employers’ social contributions 131.3 130.4 131.9 132.8 139.9 144.8 149.5 155.6 6

 7 FA116240101 Taxes on production and imports less subsidies 157.9 145.4 150.7 158.7 167.5 176.6 188.0 191.8 7

 8 FA116402105 Operating surplus, net 1376.7 1262.6 1327.1 1482.0 1576.7 1639.3 1722.9 1785.4 8

 9 FA116140001 Net national income/Balance of primary incomes, net 15.0 21.0 23.0 25.5 27.3 29.8 29.4 25.6 9

10 FA116402105 Operating surplus, net 1376.7 1262.6 1327.1 1482.0 1576.7 1639.3 1722.9 1785.4 10

11 FA116130101 Property income (interest received) 13.6 9.4 8.4 9.1 10.6 9.7 12.3 18.2 11

12 FA116150005 Less: Uses of property income (paid) 1375.3 1251.0 1312.5 1465.5 1560.1 1619.3 1705.8 1778.0 12

13 FA116130001 Interest 263.1 242.7 237.9 226.9 226.1 216.8 221.8 244.0 13

14 FA116122001 Withdrawals from income of quasi-corporations (1) 1112.2 1008.3 1074.5 1238.4 1333.8 1402.3 1483.8 1533.7 14

15 FA113192281 Reinvested earnings on foreign direct investment 0.1 0.0 0.1 0.2 0.2 0.2 0.2 0.3 15

16 FA116112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 FA116140001 Net national income/Balance of primary incomes, net 15.0 21.0 23.0 25.5 27.3 29.8 29.4 25.6 17

18 FA116403001 Less: Other current transfers (paid) 15.0 21.0 23.0 25.5 27.3 29.8 29.4 25.6 18

19 FA116012005 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 FA116012005 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Capital account

21 FA116006305 Net saving less capital transfers 3.3 6.0 7.8 1.6 4.9 0.0 -0.0 0.0 21

22 FA116012005 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 FA115440005 Less: Capital transfers paid (net) -3.3 -6.0 -7.8 -1.6 -4.9 -0.0 0.0 0.0 23

24 FA115050985 Capital formation, net 50.8 -21.0 -5.1 16.7 35.6 70.9 75.9 85.6 24

25 FA115019085 Gross fixed capital formation 307.5 248.8 243.1 274.8 312.6 336.5 366.9 382.0 25

26 FA115013085 Nonresidential 223.8 182.9 184.9 214.6 243.7 256.7 277.9 280.7 26

27 FA115012005 Residential 83.7 65.8 58.3 60.2 68.9 79.7 89.1 101.3 27

28 FA116300001 Less: Consumption of fixed capital 254.5 253.0 251.8 265.0 273.0 284.4 298.6 308.7 28

29 FA115020005 Change in private inventories -2.3 -16.8 3.6 6.8 -4.0 18.8 7.6 12.2 29

30 FA115000905 Net lending (+) or borrowing (-), capital account (lines 21-24) -47.5 27.0 12.8 -15.1 -30.7 -70.9 -75.9 -85.6 30

 Financial account

31 FA115000905 Net lending (+) or borrowing (-) (line 30) -47.5 27.0 12.8 -15.1 -30.7 -70.9 -75.9 -85.6 31

32 FA114090005 Net acquisition of financial assets 97.3 -117.1 152.0 196.9 301.1 304.5 236.6 359.2 32

33 FA114000005 Currency and deposits 2.5 10.1 0.2 30.6 69.3 23.5 60.3 112.6 33

34 FA113020005 Currency and transferable deposits 3.8 14.9 -2.7 24.6 59.3 12.0 34.7 43.7 34

35 FA113030003 Time and savings deposits -1.2 -4.8 2.9 6.0 10.1 11.5 25.7 68.9 35

36 FA114022005 Debt securities -7.9 -5.5 2.5 1.1 4.2 0.5 2.8 4.9 36

37 FA113061003 Treasury securities -7.5 -5.7 1.9 0.8 4.0 2.2 2.6 4.5 37

38 FA113062003 Municipal securities -0.4 0.2 0.5 0.3 0.2 -1.7 0.2 0.4 38

39 FA114023005 Loans -3.0 -1.2 4.2 -5.8 -2.4 1.0 1.6 2.9 39

40 FA113066003 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 FA113065005 Long term (mortgages) -3.0 -1.2 4.2 -5.8 -2.4 1.0 1.6 2.9 41

42 FA113081005 Equity and investment fund shares 2.2 -1.7 3.5 1.1 3.2 2.6 4.7 5.8 42

43 FA113034003 Money market mutual fund shares 1.0 -1.7 3.1 0.8 3.0 2.0 3.9 5.3 43

44 FA113092405 Equity in government-sponsored enterprises (2) 1.2 -0.0 0.4 0.3 0.1 0.6 0.7 0.5 44

45 FA113076005 Insurance, pension and standardized guarantee schemes (3) 3.4 -9.8 29.9 -4.7 15.4 -26.1 12.8 -10.2 45

46 FA113096005 Other accounts receivable 100.0 -109.0 111.8 174.5 211.4 303.0 154.3 243.4 46

47 FA113070003 Trade receivables -3.0 -26.3 37.0 61.0 4.6 48.8 30.7 53.0 47

48 FA113093005 Other (miscellaneous assets) 102.9 -82.7 74.7 113.5 206.9 254.1 123.7 190.3 48

49 FA114190005 Net incurrence of liabilities 134.4 -161.8 122.4 211.9 331.8 375.4 312.5 444.8 49

50 FA114123005 Loans 325.5 -97.1 -19.4 -56.8 175.1 109.2 206.6 333.5 50

51 FA114141005 Short term 131.8 -107.3 -12.1 -25.9 73.8 38.4 73.4 104.7 51

52 FA113168005 Depository institution loans n.e.c. 119.6 -102.0 -16.8 -26.5 64.6 32.3 64.0 98.9 52

53 FA113169005 Other loans and advances 12.3 -5.3 4.7 0.6 9.2 6.1 9.3 5.8 53

54 FA113165005 Long term (mortgages) 193.7 10.2 -7.4 -30.9 101.3 70.8 133.2 228.8 54
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55 FA113181005 Equity and investment fund shares -317.9 -108.0 166.7 234.4 84.0 187.2 28.4 51.0 55

56 FA112090205 Equity in noncorporate business -317.7 -108.2 166.4 234.4 83.2 186.8 25.9 49.2 56

57 FA115114005 Foreign direct investment in the United States -0.2 0.1 0.3 0.0 0.8 0.4 2.5 1.8 57

58 FA113196005 Other accounts payable 126.8 43.3 -24.8 34.4 72.7 79.0 77.5 60.2 58

59 FA113170005 Trade payables 5.8 16.9 30.3 54.8 13.3 34.0 34.9 46.0 59

60 FA113178003 Taxes payable 6.7 -6.3 -0.7 0.6 7.6 3.2 3.7 9.0 60

61 FA113193003 Other (miscellaneous liabilities) 114.3 32.6 -54.3 -21.0 51.8 41.8 38.9 5.3 61

 Addendum:

62 FA115000005 Net lending (+) or borrowing (-), financial account (lines 32-49) -37.1 44.8 29.5 -15.1 -30.7 -70.9 -75.9 -85.5 62

 Other changes in volume account

63 FV118090105 Total other volume changes -315.4 -96.6 181.5 241.8 81.5 191.2 28.5 51.6 63

64 FV112010005 Disaster losses -4.4 0.0 0.0 0.0 -8.6 -0.0 0.0 0.0 64

65 FV118090085 Other volume changes -311.0 -96.6 181.5 241.8 90.1 191.2 28.5 51.6 65

 Revaluation account

66 FR112010005 Nonfinancial assets -1168.7 -1117.4 442.1 415.1 667.3 963.9 625.0 718.2 66

67 FR115035005 Real estate -1204.3 -1143.2 382.6 368.7 656.7 974.0 616.2 762.1 67

68 FR115035023 Residential -842.2 -441.0 151.2 230.1 361.5 522.5 275.4 496.2 68

69 FR115035035 Nonresidential -362.1 -702.2 231.4 138.6 295.3 451.5 340.8 265.9 69

70 FR115015205 Equipment 34.6 18.7 21.6 16.5 6.5 7.4 4.9 0.9 70

71 FR115012265 Residential 0.1 -2.7 -2.3 1.0 -0.3 -2.0 -2.3 -1.5 71

72 FR115013265 Nonresidential 34.4 21.4 23.9 15.6 6.8 9.4 7.2 2.3 72

73 FR115013765 Intellectual property products 6.4 7.5 7.2 2.3 2.2 3.8 2.0 2.8 73

74 FR115020005 Inventories -5.4 -0.3 30.7 27.6 2.0 -21.3 1.9 -47.6 74

75 FR115114005 Liabilities (direct investment in the U.S.) 0.3 1.0 0.2 0.8 -0.5 0.3 0.6 -0.3 75

76 FR118200005 Changes in net worth due to nominal holding gains/losses -1169.0 -1118.4 441.9 414.4 667.8 963.5 624.4 718.5 76

 Changes in balance sheet account

77 FC112090205 Change in net worth (lines 24+30+63+76) -1481.1 -1209.0 631.1 657.8 754.3 1154.8 652.8 770.1 77

 Balance sheet account (end of period)

78 FL112000005 Total assets 13116.3 11843.0 12415.3 13044.0 14039.5 15378.8 16316.3 17479.2 78

79 FL112010005 Nonfinancial assets 9422.9 8266.7 8687.1 9118.9 9813.2 10848.0 11548.9 12352.6 79

80 LM115035005 Real estate 8305.0 7164.7 7531.2 7890.2 8546.5 9536.1 10180.8 10979.1 80

81 LM115035023 Residential (4) 4592.7 4141.7 4276.0 4491.6 4839.2 5362.5 5643.9 6156.3 81

82 LM115035035 Nonresidential 3712.3 3023.0 3255.2 3398.6 3707.3 4173.6 4536.9 4822.9 82

83 FL115015205 Equipment 699.6 696.3 709.2 740.7 772.6 810.7 849.1 879.5 83

84 FL115012265 Residential 46.6 44.0 42.2 43.9 44.4 43.5 42.7 43.0 84

85 FL115013265 Nonresidential 653.0 652.4 667.0 696.8 728.3 767.2 806.4 836.5 85

86 FL115013765 Intellectual property products 178.6 183.2 189.9 196.6 204.7 214.3 222.7 233.0 86

87 FL115020005 Inventories 239.6 222.5 256.9 291.3 289.3 286.8 296.3 261.0 87

88 FL114090005 Financial assets 3693.4 3576.3 3728.3 3925.1 4226.3 4530.8 4767.3 5126.6 88

89 FL114000005 Currency and deposits 877.6 887.7 887.9 918.5 987.8 1011.3 1071.7 1184.2 89

90 FL113020005 Currency and transferable deposits 519.5 534.4 531.6 556.3 615.5 627.5 662.2 705.8 90

91 FL113030003 Time and savings deposits 358.1 353.3 356.2 362.2 372.3 383.8 409.5 478.4 91

92 FL114022005 Debt securities 56.7 51.2 53.7 54.8 59.0 59.5 62.3 67.2 92

93 FL113061003 Treasury securities 51.8 46.1 48.1 48.9 52.9 55.2 57.8 62.3 93

94 FL113062003 Municipal securities 4.9 5.1 5.6 5.9 6.1 4.4 4.6 4.9 94

95 FL114023005 Loans 39.1 37.9 42.1 36.3 33.9 34.8 36.5 39.3 95

96 FL113066003 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 96

97 FL113065005 Long term (mortgages) 39.1 37.9 42.1 36.3 33.9 34.8 36.5 39.3 97

98 FL113081005 Equity and investment fund shares 81.7 80.1 83.5 84.7 87.8 90.4 95.1 100.9 98

99 FL113034003 Money market mutual fund shares 75.4 73.7 76.8 77.7 80.7 82.7 86.6 91.9 99

100 FL113092405 Equity in government-sponsored enterprises (2) 6.4 6.3 6.7 7.0 7.2 7.7 8.5 9.0 100

101 FL113076005 Insurance, pension and standardized guarantee schemes (3) 111.6 101.8 131.7 127.0 142.5 116.4 129.1 118.9 101

102 FL113096005 Other accounts receivable 2526.6 2417.6 2529.4 2703.9 2915.3 3218.3 3372.6 3616.0 102

103 FL113070003 Trade receivables 522.7 496.3 533.4 594.4 598.9 647.8 678.4 731.4 103

104 FL113093005 Other (miscellaneous assets) 2003.9 1921.3 1996.0 2109.5 2316.4 2570.5 2694.2 2884.6 104
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S.4.a Nonfinancial Noncorporate Business

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

105 FL112100005 Total liabilities and net worth 13116.3 11843.0 12415.3 13044.0 14039.5 15378.8 16316.3 17479.2 105

106 FL114190005 Liabilities 5795.2 5731.0 5672.2 5643.0 5884.3 6068.7 6353.4 6746.3 106

107 FL114123005 Loans 4094.0 3985.4 3950.9 3886.6 4057.3 4162.1 4366.1 4697.2 107

108 FL114141005 Short term 1223.7 1116.4 1098.2 1072.3 1148.6 1186.9 1260.3 1365.0 108

109 FL113168005 Depository institution loans n.e.c. 1046.2 944.2 927.4 900.9 968.0 1000.3 1064.3 1163.3 109

110 FL113169005 Other loans and advances 177.4 172.1 170.8 171.3 180.6 186.6 196.0 201.7 110

111 FL113165005 Long term (mortgages) 2870.3 2869.0 2852.7 2814.3 2908.8 2975.1 3105.8 3332.2 111

112 FL115114005 Equity and investment fund shares (direct investment in the U.S.) 3.7 4.8 5.3 6.1 6.3 7.1 10.2 11.8 112

113 FL113196005 Other accounts payable 1697.6 1740.8 1716.0 1750.4 1820.6 1899.6 1977.1 2037.4 113

114 FL113170005 Trade payables 380.7 397.6 427.8 482.7 493.5 527.5 562.4 608.4 114

115 FL113178003 Taxes payable 106.2 99.9 99.2 99.7 107.4 110.5 114.3 123.2 115

116 FL113193003 Other (miscellaneous liabilities) 1210.7 1243.3 1189.0 1168.0 1219.7 1261.5 1300.4 1305.7 116

117 FL112090205 Net worth 7321.1 6112.1 6743.2 7401.0 8155.2 9310.0 9962.8 10732.9 117

Notes. Nonfinancial noncorporate business includes noncorporate farms that are excluded from the nonfinancial noncorporate business sector in the Financial Accounts of the United States.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) Net equity in reserves of property-casualty insurance companies.

(4) Farm houses are included in the household sector.

n.e.c. Not elsewhere classified
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S.5.a Nonfinancial Corporate Business

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA106902501 Gross value added 7256.8 6859.8 7238.7 7592.3 8011.9 8305.2 8703.9 9008.8 1

 2 FA106300083 Less: Consumption of fixed capital 1093.9 1092.0 1094.6 1139.2 1186.2 1228.1 1282.8 1329.6 2

 3 FA106902605 Equals: Net value added 6162.8 5767.8 6144.2 6453.1 6825.7 7077.0 7421.1 7679.2 3

 4 FA106025005 Compensation of employees (paid) 4358.0 4088.4 4158.7 4363.4 4593.3 4749.7 4999.5 5259.8 4

 5 FA106020001 Wages and salaries 3619.5 3377.5 3446.1 3622.9 3826.4 3955.2 4181.3 4412.3 5

 6 FA106401001 Employers’ social contributions 738.5 710.9 712.6 740.4 766.9 794.4 818.1 847.5 6

 7 FA106240101 Taxes on production and imports less subsidies 632.7 605.9 633.0 670.6 690.4 721.5 738.3 754.2 7

 8 FA106402101 Operating surplus, net 1172.2 1073.5 1352.5 1419.1 1542.0 1605.8 1683.3 1665.2 8

 9 FA106140005 Net national income/Balance of primary incomes, net 574.5 630.6 907.3 903.4 917.3 1020.1 1038.7 964.2 9

10 FA106402101 Operating surplus, net 1172.2 1073.5 1352.5 1419.1 1542.0 1605.8 1683.3 1665.2 10

11 FA106150105 Property income (received) 626.9 563.8 580.3 549.6 531.0 541.1 564.5 550.0 11

12 FA106130101 Interest 302.8 214.6 177.5 176.3 162.2 150.9 150.4 163.1 12

13 FA106121101 Distributed income of corporations (dividends) 108.0 139.0 134.4 94.8 106.9 100.6 103.6 100.7 13

14 FA103092201 Reinvested earnings on U.S. direct investment abroad 216.1 210.2 268.3 278.5 261.8 289.6 310.4 286.3 14

15 FA106150005 Less: Uses of property income (paid) 1224.6 1006.8 1025.4 1065.3 1155.7 1126.8 1209.1 1250.9 15

16 FA106130001 Interest 584.5 480.0 444.5 444.3 438.2 410.3 421.5 453.0 16

17 FA106121001 Distributed income of corporations (dividends) 582.2 490.4 509.9 535.8 624.8 632.5 683.2 708.7 17

18 FA103192201 Reinvested earnings on foreign direct investment 32.1 18.1 51.8 63.5 70.2 61.8 79.9 68.3 18

19 FA106112001 Rent 25.9 18.2 19.2 21.7 22.5 22.1 24.4 20.9 19

20 FA106140005 Net national income/Balance of primary incomes, net 574.5 630.6 907.3 903.4 917.3 1020.1 1038.7 964.2 20

21 FA106220001 Less: Current taxes on income, wealth, etc. (paid) 227.4 177.8 220.6 228.8 266.7 283.6 313.7 308.1 21

22 FA106403001 Less: Other current transfers (paid) 50.3 71.8 83.3 90.4 93.9 94.7 90.8 104.7 22

23 FA106012095 Equals: Disposable income, net 296.7 381.0 603.5 584.2 556.7 641.8 634.2 551.5 23

24 FA106012095 Equals: Net saving 296.7 381.0 603.5 584.2 556.7 641.8 634.2 551.5 24

 Capital account

25 FA106006385 Net saving less capital transfers 300.4 342.7 582.5 590.6 573.7 647.5 640.9 554.7 25

26 FA106012095 Net saving 296.7 381.0 603.5 584.2 556.7 641.8 634.2 551.5 26

27 FA105440005 Less: Capital transfers paid (net) -3.7 38.3 20.9 -6.4 -17.0 -5.7 -6.7 -3.2 27

28 FA105050985 Capital formation, net 266.6 -74.6 143.3 199.1 320.3 351.8 402.4 436.1 28

 Gross fixed capital formation (acquisition of

29 FA105019085 produced nonfinancial assets) 1372.7 1141.9 1181.0 1303.9 1439.9 1505.0 1625.5 1654.6 29

30 FA106300083 Less: Consumption of fixed capital 1093.9 1092.0 1094.6 1139.2 1186.2 1228.1 1282.8 1329.6 30

31 FA105420095 Acquisition of nonproduced nonfinancial assets 17.6 6.3 -1.1 -0.5 0.8 1.4 1.8 29.9 31

32 FA105020005 Change in private inventories -29.7 -130.8 57.9 34.9 65.8 73.6 57.9 81.2 32

33 FA105000905 Net lending (+) or borrowing (-), capital account (lines 25-28) 33.8 417.2 439.3 391.4 253.4 295.7 238.5 118.7 33

 Financial account

34 FA105000905 Net lending (+) or borrowing (-) (line 33) 33.8 417.2 439.3 391.4 253.4 295.7 238.5 118.7 34

35 FA104090005 Net acquisition of financial assets -608.8 299.8 632.7 496.8 506.3 989.6 790.2 918.5 35

36 FA104000005 Currency and deposits -214.0 254.5 148.6 38.3 -11.7 141.5 8.7 -64.6 36

37 FA103020005 Currency and transferable deposits -59.0 70.8 79.6 30.8 -45.5 63.5 39.1 -13.3 37

38 FA103030003 Time and savings deposits -129.4 176.9 59.9 13.2 33.3 35.8 -21.5 -30.6 38

39 FA103091003 Foreign deposits -25.5 6.8 9.1 -5.8 0.6 42.1 -8.9 -20.6 39

40 FA104022005 Debt securities -25.7 16.3 15.6 -8.5 -12.5 -13.2 9.3 -6.9 40

41 FA103069100 Open market paper -12.2 -1.3 12.0 -0.1 -8.4 -6.6 3.5 -1.7 41

42 FA103061103 Treasury securities -7.9 12.5 5.1 -5.1 -3.5 -0.6 2.5 -5.9 42

43 FA103061703 Agency- and GSE-backed securities (1) -2.6 4.2 1.7 -1.7 -1.2 -4.2 4.8 -2.0 43

44 FA103062003 Municipal securities -3.0 0.9 -3.2 -1.6 0.6 -1.7 -1.5 2.6 44

45 FA104035005 Loans -11.1 -7.2 0.2 2.2 -3.8 -4.0 18.7 8.4 45

46 FA104041005 Short term (security repos and consumer credit) -3.4 -3.1 1.7 2.7 -1.9 -5.6 13.8 3.6 46

47 FA103065003 Long term (mortgages) -7.7 -4.1 -1.6 -0.6 -1.9 1.6 4.9 4.9 47

48 FA103081005 Equity and investment fund shares 423.5 224.3 183.5 364.0 376.8 354.4 321.6 318.7 48

49 FA103034003 Money market fund shares 178.5 -71.4 -157.7 -35.4 57.1 39.7 -0.9 18.6 49

50 FA103064203 Mutual fund shares -16.5 35.3 11.1 -12.8 -1.7 1.2 15.1 7.4 50

51 FA103092005 U.S. direct investment abroad 262.6 269.7 303.3 403.9 318.9 298.7 293.1 296.7 51

52 FA103092405 Equity in government-sponsored enterprises (1) -0.1 0.0 0.1 -0.0 0.0 0.0 0.1 0.1 52

53 FA103094105 Investment in finance company subsidiaries -1.1 -9.3 26.7 8.4 2.6 14.7 14.1 -4.1 53

54 FA103076005 Insurance, pension and standardized guarantee schemes (2) 10.9 -4.0 11.7 12.3 8.0 -6.0 10.4 2.4 54
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2008 2009 2010 2011 2012 2013 2014 2015

 

55 FA103096005 Other accounts receivable -792.5 -184.2 273.2 88.6 149.4 517.0 421.6 660.5 55

56 FA103070005 Trade receivables -168.2 -29.5 96.9 83.4 52.6 261.6 70.8 -15.6 56

57 FA103093005 Other (miscellaneous assets) -624.3 -154.7 176.3 5.2 96.8 255.4 350.7 676.0 57

58 FA104190005 Net incurrence of liabilities 338.9 -248.7 487.6 894.3 985.4 926.7 1293.7 887.1 58

59 FA104122005 Debt securities 191.4 178.9 235.4 203.9 352.5 293.3 307.3 408.6 59

60 FA103169100 Open market paper 7.7 -73.1 24.5 33.4 14.0 14.2 37.5 -5.4 60

61 FA103162000 Municipal securities 66.8 36.7 32.7 8.2 12.9 3.1 -0.0 13.4 61

62 FA103163003 Corporate bonds 116.9 215.3 178.1 162.3 325.5 276.0 269.9 400.6 62

63 FA104123005 Loans 87.6 -523.5 -288.5 132.0 -47.1 104.0 177.5 63.8 63

64 FA104141005 Short term 132.1 -394.8 -177.5 212.3 67.9 105.4 156.0 46.0 64

65 FA103168005 Depository institution loans n.e.c. 64.2 -234.0 -87.0 152.1 101.5 63.8 93.0 77.1 65

66 FA103169005 Other loans and advances 68.0 -160.8 -90.4 60.2 -33.5 41.7 63.0 -31.1 66

67 FA103165005 Long term (mortgages) -44.6 -128.7 -111.0 -80.3 -115.1 -1.5 21.5 17.8 67

68 FA103181005 Equity and investment fund shares -126.0 53.5 -93.6 -261.9 -163.0 -176.9 -240.0 -243.0 68

69 FA103164103 Corporate equities -315.6 -51.2 -250.7 -454.6 -344.9 -352.9 -392.2 -563.1 69

70 FA103192005 Foreign direct investment in the United States 189.6 104.6 157.0 192.7 181.9 176.0 152.2 320.1 70

71 FA103152025 Insurance, pension and standardized guarantee schemes 142.4 67.1 -9.6 -13.2 -14.9 106.1 82.5 62.6 71

72 FA573074005 Pension fund contributions payable 14.7 -8.6 15.4 3.0 -12.3 -2.5 -2.9 -4.3 72

73 FA573073005 Claim of pension fund on sponsor 127.6 75.7 -25.0 -16.2 -2.6 108.6 85.4 66.9 73

74 FA103196005 Other accounts payable 43.5 -24.7 643.9 833.6 858.0 600.2 966.5 595.1 74

75 FA103170005 Trade payables -225.2 -82.6 156.3 25.2 65.4 101.3 108.8 -33.1 75

76 FA103178000 Taxes payable 3.1 -3.3 7.2 8.8 2.3 -9.1 -1.4 -1.8 76

77 FA103193005 Miscellaneous liabilities 265.7 61.2 480.4 799.6 790.3 508.0 859.1 630.1 77

 Addendum:

78 FA105000005 Net lending (+) or borrowing (-), financial account (lines 35-58) -947.7 548.5 145.2 -397.5 -479.0 62.9 -503.5 31.3 78

 Other changes in volume account

79 FV108090105 Total other volume changes -744.2 172.3 379.3 -54.9 -233.2 511.1 -5.3 488.0 79

80 FV102010005 Disaster losses -5.8 0.0 0.0 0.0 -6.9 0.0 0.0 0.0 80

81 FV108090085 Other volume changes 206.1 47.7 632.4 665.8 491.9 747.3 739.7 630.1 81

82 FU107005045 Less: Statistical discrepancy (lines 33-78) (3) 981.5 -131.2 294.1 789.0 732.4 232.8 742.0 87.3 82

83 FU105020601 Less: Inventory valuation adjustment -37.0 6.7 -41.0 -68.3 -14.2 3.3 3.0 54.8 83

 Revaluation account

84 FR102010005 Nonfinancial assets -1109.7 -2627.1 857.5 781.9 542.0 1398.8 1078.2 1014.0 84

85 FR105035005 Real estate -1154.4 -2645.6 724.8 643.7 498.1 1334.6 1041.6 1044.4 85

86 FR105015205 Equipment 99.9 -16.1 41.1 76.6 13.5 29.0 28.2 -9.9 86

87 FR105013765 Intellectual property products 13.2 3.1 22.5 27.9 19.9 41.1 23.8 26.3 87

88 FR105020015 Inventories -68.4 31.6 69.1 33.7 10.5 -5.9 -15.3 -46.7 88

89 FR108080095 Financial assets -199.6 -15.3 -131.9 -55.7 72.0 -13.6 -58.7 -111.4 89

90 FR103064203 Mutual fund shares -55.2 20.4 13.6 -8.1 15.4 30.2 8.4 -6.2 90

91 FR103092005 Direct investment abroad -144.4 -35.7 -145.6 -47.6 56.6 -43.8 -67.1 -105.2 91

92 FR103181005 Liabilities -5651.2 2497.1 2007.8 255.3 2024.3 5338.5 2519.5 -531.2 92

93 FR103164103 Corporate equity -5550.0 2665.6 2022.6 346.0 2037.2 5334.1 2511.3 -435.2 93

94 FR103192005 Foreign direct investment in the United States -101.2 -168.5 -14.8 -90.7 -12.9 4.5 8.2 -95.9 94

95 FR108200005 Changes in net worth due to nominal holding gains/losses 4341.9 -5139.4 -1282.2 470.8 -1410.3 -3953.3 -1500.0 1433.8 95

 Changes in balance sheet account

96 FC102090085 Change in net worth (lines 28+33+79+95) (4) 3898.0 -4624.4 -320.4 1006.5 -1069.8 -2794.7 -864.4 2476.5 96

 Balance sheet account (end of period)

97 FL102000005 Total assets 29507.9 27177.2 28951.8 30501.5 31941.0 34828.9 37170.3 39439.9 97

98 FL102010005 Nonfinancial assets (5) 16584.7 13859.8 14935.1 15992.6 16852.6 18568.2 20029.4 21393.2 98

99 LM105035005 Real estate 9352.9 6761.3 7539.7 8228.1 8793.8 10199.0 11371.7 12520.4 99

100 FL105015205 Equipment 3857.2 3793.1 3853.6 4008.0 4139.4 4287.4 4446.7 4584.3 100

101 FL105013765 Intellectual property products 1564.1 1600.7 1669.1 1746.9 1819.4 1917.4 2007.0 2105.0 101

102 FL105020015 Inventories 1810.5 1704.6 1872.7 2009.6 2100.0 2164.4 2203.9 2183.5 102

103 FL104090005 Financial assets 12923.2 13317.5 14016.8 14508.9 15088.4 16260.7 17140.9 18046.7 103

104 FL104000005 Currency and deposits 420.7 675.2 823.8 862.1 850.4 991.8 1000.6 936.0 104

105 FL103020005 Currency and transferable deposits 84.2 154.9 234.5 265.3 219.8 283.3 322.4 309.1 105

106 FL103030003 Time and savings deposits 311.9 488.8 548.7 561.9 595.2 631.1 609.5 578.9 106

107 FL103091003 Foreign deposits 24.7 31.5 40.6 34.8 35.4 77.5 68.7 48.0 107
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Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

108 FL104022005 Debt securities 124.1 140.4 155.9 147.4 135.0 121.8 131.1 124.2 108

109 FL103069100 Open market paper 57.3 56.0 68.0 67.9 59.5 52.9 56.4 54.7 109

110 FL103061103 Treasury securities 30.5 43.0 48.0 43.0 39.4 38.8 41.3 35.4 110

111 FL103061703 Agency- and GSE-backed securities (1) 10.2 14.3 16.0 14.3 13.1 8.9 13.8 11.8 111

112 FL103062003 Municipal securities 26.2 27.1 23.9 22.3 22.9 21.2 19.7 22.2 112

113 FL104035005 Loans 88.2 81.0 84.9 87.1 83.3 79.3 97.9 106.4 113

114 FL104041005 Short term 54.5 51.4 56.9 59.6 57.7 52.2 66.0 69.6 114

115 FL102051003 Security repurchases 7.2 7.9 12.1 12.6 9.7 8.7 21.6 26.0 115

116 FL103066005 Consumer credit 47.3 43.6 44.8 47.1 48.0 43.4 44.4 43.6 116

117 FL103065003 Long term (mortgages) 33.6 29.5 28.0 27.4 25.5 27.1 31.9 36.8 117

118 FL103081005 Equity and investment fund shares 3925.3 4134.3 4148.8 4457.1 4905.9 5246.7 5509.6 5716.9 118

119 FL103034003 Money market fund shares 727.0 655.5 497.8 462.4 519.4 559.1 558.2 576.8 119

120 LM103064203 Mutual fund shares 106.3 162.0 186.8 165.9 179.6 211.0 234.5 235.7 120

121 FL103092005 U.S. direct investment abroad 3011.1 3245.1 3402.9 3759.2 4134.7 4389.5 4615.6 4807.2 121

122 FL103092405 Equity in government-sponsored enterprises (1) 0.4 0.4 0.6 0.5 0.6 0.6 0.7 0.8 122

123 FL103094105 Investment in finance company subsidiaries 80.5 71.2 60.7 69.1 71.7 86.4 100.5 96.4 123

124 FL103076005 Insurance, pension and standardized guarantee schemes (2) 310.9 307.0 318.7 331.0 339.0 333.0 343.3 345.7 124

125 FL103096005 Other accounts receivable 8054.0 7979.6 8484.6 8624.3 8774.8 9488.1 10058.4 10817.6 125

126 FL103070005 Trade receivables 2093.6 2064.1 2157.2 2240.7 2293.2 2554.8 2625.6 2610.1 126

127 FL103093005 Other (miscellaneous assets) 5960.5 5915.5 6327.4 6383.6 6481.6 6933.3 7432.8 8207.5 127

128 FL102100085 Total liabilities and net worth 29507.9 27177.2 28951.8 30501.5 31941.0 34828.9 37170.3 39439.9 128

129 FL104194005 Liabilities 22833.7 25127.4 27222.4 27765.6 30275.0 35957.5 39163.4 38956.5 129

130 FL104122005 Debt securities 3551.7 3730.6 3965.9 4169.8 4522.3 4815.6 5122.8 5531.4 130

131 FL103169100 Open market paper 131.5 58.4 82.9 116.3 130.3 144.5 182.0 176.5 131

132 FL103162000 Municipal securities 434.2 470.9 503.6 511.7 524.7 527.8 527.8 541.2 132

133 FL103163003 Corporate bonds 2986.0 3201.3 3379.4 3541.8 3867.3 4143.3 4413.1 4813.7 133

134 FL104123005 Loans 3061.3 2453.7 2098.3 2230.3 2226.7 2315.1 2493.1 2558.6 134

135 FL104141005 Short term 2163.8 1684.8 1425.3 1637.6 1749.0 1838.9 1994.8 2042.5 135

136 FL103168005 Depository institution loans n.e.c. 779.9 545.8 477.1 629.2 712.1 775.8 868.7 947.5 136

137 FL103169005 Other loans and advances 1383.9 1139.0 948.1 1008.3 1036.9 1063.1 1126.2 1095.1 137

138 FL103165005 Long term (mortgages) 897.5 768.9 673.1 592.7 477.7 476.2 498.2 516.1 138

139 FL103181005 Equity and investment fund shares 11659.7 14210.3 16124.5 16117.9 17979.2 23140.8 25420.3 24646.2 139

140 LM103164103 Corporate equity 9609.4 12223.8 13995.7 13887.2 15579.4 20560.6 22679.7 21681.4 140

141 FL103192005 Foreign direct investment in the United States 2050.3 1986.4 2128.7 2230.7 2399.8 2580.2 2740.6 2964.8 141

142 FL103152025 Insurance, pension and standardized guarantee schemes 760.1 574.1 539.3 611.3 472.3 298.3 359.6 568.7 142

143 FL573074005 Pension fund contributions payable 84.0 75.4 90.8 93.8 81.4 79.0 76.1 71.8 143

144 FL573073005 Claim of pension fund on sponsor 676.1 498.6 448.5 517.6 390.9 219.4 283.5 496.9 144

145 FL103196005 Other accounts payable 3800.9 4158.8 4494.4 4636.2 5074.5 5387.7 5767.5 5651.5 145

146 FL103170005 Trade payables 1672.7 1590.1 1746.4 1771.6 1837.0 1938.3 2047.1 2013.9 146

147 FL103178000 Taxes payable 39.0 35.7 42.9 51.7 54.0 44.9 43.5 41.7 147

148 FL103193005 Miscellaneous liabilities 2089.2 2533.1 2705.1 2813.0 3183.6 3404.4 3677.0 3595.9 148

149 FL102090085 Net worth 6674.2 2049.8 1729.4 2735.9 1666.1 -1128.6 -1993.1 483.4 149

Notes. Nonfinancial corporate business includes corporate farms that are excluded from the nonfinancial corporate business sector in the Financial Accounts of the United States.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) Net equity in reserves of property-casualty insurance companies.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Includes changes in the market value of shares and other equity that are excluded from the related measures for the nonfinancial corporate business sector in the Financial Accounts of the United States.

(5) Excludes nonproduced nonfinancial assets.

n.e.c. Not elsewhere classified
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2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA796902505 Gross value added 851.9 1015.4 1042.8 1045.8 1187.3 1172.1 1303.7 1354.9 1

 2 FA796300081 Less: Consumption of fixed capital 173.9 177.4 176.7 168.6 174.2 182.2 190.2 198.2 2

 3 FA796902605 Equals: Net value added 678.1 838.0 866.1 877.2 1013.1 989.9 1113.6 1156.7 3

 4 FA796025005 Compensation of employees (paid) 612.9 549.0 574.3 606.8 630.2 640.3 681.1 714.2 4

 5 FA796020001 Wages and salaries 517.9 466.2 486.4 513.5 536.8 545.5 581.0 609.7 5

 6 FA796401001 Employers’ social contributions 95.0 82.8 87.9 93.3 93.3 94.8 100.1 104.4 6

 7 FA796240101 Taxes on production and imports less subsidies 55.6 64.2 64.8 58.3 60.2 59.8 67.6 73.8 7

 8 FA796402101 Operating surplus, net 9.5 224.8 227.1 212.1 322.7 289.8 364.9 368.7 8

 9 FA796140005 Net national income/Balance of primary incomes, net -2.1 290.1 376.8 320.0 289.7 159.1 242.3 281.5 9

10 FA796402101 Operating surplus, net 9.5 224.8 227.1 212.1 322.7 289.8 364.9 368.7 10

11 FA796150105 Property income (received) 2833.1 2203.8 2126.7 2109.1 2052.3 2011.6 2041.7 2116.0 11

12 FA796130101 Interest 2444.8 1877.4 1749.5 1722.4 1635.7 1536.3 1536.8 1586.6 12

13 FA796121101 Distributed income of corporations (dividends) 338.8 275.7 308.9 319.5 359.8 414.8 447.4 477.5 13

14 FA793092281 Reinvested earnings on U.S. direct investment abroad 49.5 50.7 68.3 67.2 56.8 60.5 57.5 52.0 14

15 FA796150005 Less: Uses of property income (paid) 2844.7 2138.6 1977.0 2001.2 2085.3 2142.4 2164.3 2203.3 15

16 FA796130001 Interest 2321.6 1679.7 1505.2 1504.6 1478.3 1406.3 1421.3 1447.1 16

17 FA796120005 Distributed income of corporations 515.8 455.1 460.8 481.5 589.8 721.3 725.6 741.9 17

18 FA796121001 Dividends 492.8 380.8 376.0 427.2 521.9 673.8 697.9 710.5 18

19 FA796122001 Withdrawals from income of quasi-corporations (1) 23.0 74.4 84.9 54.3 67.9 47.5 27.8 31.4 19

20 FA793192281 Reinvested earnings on foreign direct investment 7.3 3.7 10.9 15.1 17.2 14.7 17.4 14.3 20

21 FA796112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA796140005 Net national income/Balance of primary incomes, net -2.1 290.1 376.8 320.0 289.7 159.1 242.3 281.5 22

23 FA796220001 Less: Current taxes on income, wealth, etc. (paid) 81.7 91.6 150.0 150.3 180.9 184.1 219.1 245.7 23

24 FA796403005 Less: Other current transfers (paid) 45.6 26.5 18.4 20.0 -25.7 -19.0 8.6 24.4 24

25 FA796012095 Equals: Disposable income, net -129.4 171.9 208.4 149.7 134.5 -6.0 14.5 11.4 25

26 FA796012095 Equals: Net saving -129.4 171.9 208.4 149.7 134.5 -6.0 14.5 11.4 26

 Capital account

27 FA796006385 Net saving less capital transfers -68.9 293.9 249.9 182.1 124.9 -6.0 4.5 11.4 27

28 FA796012095 Net saving -129.4 171.9 208.4 149.7 134.5 -6.0 14.5 11.4 28

29 FA795440005 Less: Capital transfers paid (net) -60.5 -121.9 -41.5 -32.4 9.6 0.0 10.0 0.0 29

30 FA795015085 Capital formation, net 22.3 -10.5 -13.9 -1.2 17.9 19.1 27.6 40.4 30

31 FA795013005 Gross fixed capital formation (nonresidential) 196.2 166.9 162.8 167.5 192.1 201.3 217.7 238.5 31

32 FA796300081 Less: Consumption of fixed capital 173.9 177.4 176.7 168.6 174.2 182.2 190.2 198.2 32

33 FA795000995 Net lending (+) or borrowing (-), capital account (lines 27-30) -91.2 304.4 263.8 183.3 107.0 -25.1 -23.0 -28.9 33

 Financial account

34 FA795000995 Net lending (+) or borrowing (-) (line 33) -91.2 304.4 263.8 183.3 107.0 -25.1 -23.0 -28.9 34

35 FA794090005 Net acquisition of financial assets 3773.5 -1240.6 82.9 1977.4 1529.7 3046.9 2562.0 1306.9 35

36 FA713011203 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 FA794000005 Currency and deposits 1005.9 196.6 -154.9 518.0 -48.0 817.6 127.1 -511.4 37

38 FA794022005 Debt securities 674.1 846.3 853.8 1033.5 973.6 1276.3 838.7 617.1 38

39 FA793069175 Open market paper 6.2 -390.8 -93.4 -75.1 -0.5 20.3 -25.2 18.1 39

40 FA793061105 Treasury securities 502.4 451.6 573.5 1014.5 324.2 482.8 605.7 414.9 40

41 FA793061705 Agency- and GSE-backed securities (2) 667.7 700.3 47.7 71.2 171.6 388.9 76.0 23.1 41

42 FA793062005 Municipal securities 34.0 30.5 31.4 -9.5 122.8 -16.2 22.2 65.2 42

43 FA793063005 Corporate and foreign bonds -536.1 54.6 294.7 32.4 355.6 400.5 160.1 95.9 43

44 FA794035005 Loans 1469.4 -2951.9 -479.9 173.3 385.6 59.7 786.5 788.6 44

45 FA794041005 Short term 1222.4 -2899.3 -188.8 348.1 451.6 -33.5 597.2 417.2 45

46 FA793065005 Long term (mortgages) 247.0 -52.7 -291.0 -174.9 -66.1 93.3 189.3 371.4 46

47 FA793081005 Equity and investment fund shares 762.4 68.2 -52.5 -67.8 25.1 222.6 223.0 281.7 47

48 FA793064105 Corporate equities 156.8 134.2 75.8 -108.4 -21.3 35.9 -12.7 37.1 48

49 FA793064205 Mutual fund shares 10.1 146.5 113.9 -6.0 5.2 131.3 19.0 20.7 49

50 FA793034005 Money market mutual fund shares 306.6 -193.6 -181.6 -65.1 -86.8 -57.8 19.4 38.9 50

51 FA793092405 Equity in government-sponsored enterprises (2) -5.3 0.0 -3.2 -6.2 -2.0 -0.2 0.3 0.7 51

52 FA793092005 U.S. direct investment abroad 66.4 40.7 -2.3 15.2 20.5 25.1 19.2 25.8 52

53 FA713164003 Stock in Federal Reserve Banks 2.6 4.6 0.9 0.4 0.5 0.1 1.1 0.9 53

54 FA793094005 Investment in subsidiaries 225.0 -64.1 -56.0 102.4 109.1 88.2 176.7 157.7 54

55 FA793052005 Insurance, pension and standardized guarantee schemes 279.2 508.4 284.9 345.0 365.3 346.6 363.3 347.4 55

56 FA793096005 Other accounts receivable -417.6 91.9 -368.5 -24.6 -171.8 324.1 223.3 -216.4 56
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2008 2009 2010 2011 2012 2013 2014 2015

 

57 FA794190005 Net incurrence of liabilities 4197.4 -1177.7 97.5 1906.9 1464.4 2865.4 2545.0 1186.5 57

58 FA794100005 Currency and deposits 2139.9 228.2 324.4 1448.9 594.6 1859.3 987.2 197.5 58

59 FA794122005 Debt securities 454.4 -974.1 -679.8 -354.6 -316.3 65.0 170.4 163.2 59

60 FA423161705 Agency- and GSE-backed securities (2) 768.7 -60.1 -39.5 -22.1 -23.8 238.3 150.3 220.4 60

61 FA793163005 Corporate bonds -189.0 -465.9 -538.0 -264.3 -233.7 -124.4 57.4 -14.5 61

62 FA793169175 Commercial paper -125.4 -448.1 -102.2 -68.2 -58.8 -48.9 -37.3 -42.7 62

63 FA794135005 Loans -160.2 -1644.3 -59.6 202.2 128.4 -192.7 158.3 -22.5 63

64 FA794141005 Short term -166.9 -1656.1 -60.5 188.7 123.5 -212.6 149.0 -26.5 64

65 FA643165005 Long term (mortgages) 6.8 11.8 0.8 13.5 4.8 19.9 9.3 4.0 65

66 FA793181005 Equity and investment fund shares 1730.9 277.1 93.4 374.8 735.9 687.6 783.0 538.7 66

67 FA634090005 Money market mutual fund shares 746.5 -516.3 -512.4 -112.6 2.2 24.6 6.8 30.1 67

68 FA793164105 Corporate equity issues 678.8 303.8 194.4 170.5 164.3 175.5 235.5 232.8 68

69 FA653164205 Mutual fund shares -58.1 533.4 395.9 200.7 386.2 346.0 309.4 95.3 69

70 FA403192405 Equity in government-sponsored enterprises (2) -4.2 0.0 -2.7 -5.9 -1.8 0.5 1.2 1.3 70

71 FA793192005 Foreign direct investment in the United States 120.7 45.7 48.5 43.4 21.4 29.7 21.6 31.3 71

72 FA662090205 Equity in noncorporate business 11.6 0.6 0.9 -2.9 6.7 -5.2 2.0 2.3 72

73 FA793194005 Investment by parent 233.0 -94.5 -32.0 81.1 156.4 116.2 205.4 144.8 73

74 FA713164003 Stock in Federal Reserve Banks 2.6 4.6 0.9 0.4 0.5 0.1 1.1 0.9 74

75 FA583152005 Insurance, pension and standardized guarantee schemes 519.1 642.3 687.9 637.8 493.9 505.8 364.2 496.9 75

76 FA793196005 Other accounts payable -486.8 293.0 -268.7 -402.1 -172.1 -59.5 82.0 -187.2 76

 Addendum:

77 FA795000005 Net lending (+) or borrowing (-), financial account (lines 35-57) -424.0 -62.9 -14.6 70.4 65.3 181.5 17.0 120.4 77

 Other changes in volume account

78 FV798090185 Total other volume changes 927.8 -784.6 -655.3 16.1 -190.2 -1038.1 -331.2 -33.5 78

79 FV792010095 Disaster losses -0.6 0.0 0.0 0.0 -2.0 0.0 0.0 0.0 79

80 FV798090085 Other volume changes 1261.3 -417.4 -376.9 129.0 -146.5 -1244.7 -371.2 -182.9 80

81 FU797005045 Less: Statistical discrepancy (lines 33-77) (3) 332.8 367.3 278.4 112.8 41.7 -206.6 -40.0 -149.4 81

 Revaluation account

82 FR792010095 Nonfinancial assets 55.7 -61.9 -2.7 42.2 18.4 37.3 28.9 19.3 82

83 FR795013665 Structures (nonresidential) 54.2 -50.2 -0.3 33.2 15.3 31.0 24.4 18.5 83

84 FR795013265 Equipment 3.0 -5.6 1.2 8.3 2.9 4.7 5.6 0.7 84

85 FR795013765 Intellectual property products -1.5 -6.1 -3.6 0.6 0.2 1.6 -1.0 0.2 85

86 FR793081085 Financial assets -6379.2 2839.6 1787.3 -660.4 1968.5 3903.7 1275.0 -486.3 86

87 FR793064105 Corporate equities -4965.5 2099.8 1363.0 -484.4 1489.8 3247.9 1039.8 -410.1 87

88 FR793064205 Mutual fund shares -1424.4 685.6 383.6 -130.5 456.3 738.9 237.1 -49.5 88

89 FR793092005 U.S. direct investment abroad 10.8 54.2 40.7 -45.5 22.4 -83.2 -1.9 -26.7 89

90 FR793181085 Liabilities -7154.0 2615.5 1878.9 -829.4 2275.8 3844.3 1472.6 -661.0 90

91 FR793164105 Corporate equity issues -2405.1 399.2 563.4 -458.3 730.2 1305.8 616.8 -266.9 91

92 FR653164205 Mutual fund shares -3067.9 1474.9 837.3 -289.2 1035.9 1623.5 508.2 -348.7 92

93 FR793192005 Foreign direct investment in the United States -157.6 17.9 34.1 28.9 -2.2 -50.4 13.4 -26.9 93

94 FR662090205 Equity in noncorporate business -13.6 3.6 0.3 -1.2 -1.3 4.2 -0.4 -5.5 94

95 FR153050005 Pension fund reserves -1509.8 720.6 445.8 -111.3 513.4 961.2 334.6 -13.0 95

96 FR793194005 Investment by parent 0.0 -0.6 -2.0 1.8 -0.1 0.0 0.0 0.0 96

97 FR798200005 Changes in net worth due to nominal holding gains/losses 830.5 162.2 -94.3 211.2 -289.0 96.7 -168.7 194.1 97

 Changes in balance sheet account

98 FC792090095 Change in net worth (lines 30+33+78+97) 1689.5 -328.6 -499.7 409.5 -354.3 -947.3 -495.4 172.0 98

 Balance sheet account (end of period)

99 FL792000095 Total assets 69617.9 71066.1 72448.0 73956.8 78093.6 83774.7 87467.7 88038.8 99

100 FL792010095 Nonfinancial assets (4) 1649.4 1586.3 1580.2 1621.2 1655.5 1711.9 1768.3 1828.0 100

101 FL795013665 Structures (nonresidential) 1015.8 971.3 963.9 986.3 992.0 1013.5 1033.7 1051.7 101

102 FL795013265 Equipment 498.6 470.3 471.9 485.5 506.0 534.3 569.0 605.2 102

103 FL795013765 Intellectual property products 134.9 144.7 144.3 149.4 157.4 164.1 165.6 171.1 103

104 FL794090005 Financial assets 67968.6 69479.8 70867.8 72335.6 76438.2 82062.8 85699.4 86210.8 104

105 FL713011203 Monetary gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 105

106 FL794000005 Currency and deposits 2163.6 2373.7 2264.5 2782.6 2758.9 3575.2 3699.4 3186.5 106
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2008 2009 2010 2011 2012 2013 2014 2015

 

107 FL794022005 Debt securities 17233.5 18233.8 18548.8 19683.3 20841.7 21839.9 22798.0 23303.1 107

108 FL793069175 Open market paper 1243.5 852.6 763.6 688.6 688.2 709.0 684.9 704.3 108

109 FL793061105 Treasury securities 3245.6 3675.1 4249.3 5284.0 5613.3 6061.2 6682.4 7084.1 109

110 FL793061705 Agency- and GSE-backed securities (2) 5207.6 5940.4 5538.3 5627.7 5824.0 6173.2 6265.7 6282.1 110

111 FL793062005 Municipal securities 1646.8 1724.5 1747.8 1781.1 1926.5 1862.3 1933.7 1999.2 111

112 FL793063005 Corporate and foreign bonds 5890.0 6041.0 6249.9 6301.8 6789.8 7034.2 7231.3 7233.3 112

113 FL794035005 Loans 25727.2 22487.1 21765.6 21787.1 22100.4 22053.4 22801.5 23540.7 113

114 FL794041005 Short term 11482.6 8530.8 8416.3 8764.5 9289.1 9240.1 9837.2 10254.3 114

115 FL793065005 Long term (mortgages) 14244.6 13956.3 13349.2 13022.6 12811.2 12813.3 12964.3 13286.4 115

116 FL793081005 Equity and investment fund shares 14836.9 18420.9 20155.7 19427.5 21847.8 25928.9 27426.9 27076.7 116

117 LM793064105 Corporate equities 7378.0 9612.1 11050.8 10458.0 11926.5 15210.3 16237.4 15864.4 117

118 LM793064205 Mutual fund shares 2716.2 3548.3 4045.8 3909.4 4371.0 5241.2 5497.3 5473.4 118

119 FL793034005 Money market fund shares 1254.6 1061.0 879.5 814.3 727.5 669.7 689.2 728.1 119

120 FL793092405 Equity in government-sponsored enterprises (2) 45.0 45.0 41.7 35.5 33.5 33.4 33.7 34.4 120

121 FL793092005 U.S. direct investment abroad 737.4 832.3 870.7 840.3 883.2 825.1 842.3 841.4 121

122 FL713164003 Stock in Federal Reserve Banks 21.1 25.6 26.5 26.9 27.4 27.5 28.6 29.5 122

123 FL793094005 Investment in subsidiaries 2684.6 3296.6 3240.6 3343.0 3878.8 3921.7 4098.5 4105.6 123

124 FL793052005 Insurance, pension and standardized guarantee schemes 4241.8 4154.6 4516.8 4937.0 4912.4 4409.3 4565.6 5124.4 124

125 FL793096005 Other accounts receivable 3754.4 3798.6 3605.4 3707.0 3966.0 4245.0 4397.0 3968.3 125

126 FL792100005 Total liabilities and net worth 69617.9 71066.1 72448.0 73956.8 78093.6 83774.7 87467.7 88038.8 126

127 FL794194005 Liabilities 68234.6 70011.3 71893.0 72992.3 77483.4 84111.8 88300.2 88699.3 127

128 FL794100005 Currency and deposits 11520.5 11748.7 12069.0 13517.8 14084.6 15943.9 16931.1 17128.6 128

129 FL794122005 Debt securities 15364.9 14594.5 13544.8 13117.5 12923.9 12924.3 13067.3 13110.8 129

130 FL423161705 Agency- and GSE-backed securities (2) 8143.4 8083.3 7581.3 7559.2 7535.4 7773.7 7924.0 8144.4 130

131 FL793163005 Corporate bonds 6095.3 5833.0 5387.4 5050.5 4939.4 4750.4 4780.5 4646.2 131

132 FL793169175 Commercial paper 1126.3 678.2 576.0 507.9 449.1 400.2 362.9 320.1 132

133 FL794135005 Loans 6342.1 4768.4 4720.7 4917.5 5108.6 4915.9 5082.1 5059.6 133

134 FL794141005 Short term 6178.6 4593.2 4544.6 4728.0 4914.2 4701.6 4850.6 4824.1 134

135 FL643165005 Long term (mortgages) 163.5 175.3 176.1 189.5 194.4 214.3 231.4 235.4 135

136 FL793181005 Equity and investment fund shares 15590.8 18439.0 19928.3 19584.9 22509.9 26035.5 27956.5 27696.6 136

137 FL634090005 Money market fund shares 3832.2 3315.9 2803.5 2691.0 2693.2 2717.8 2724.6 2754.7 137

138 LM793164105 Corporate equity issues 2879.7 3582.6 4340.4 4052.6 4947.1 6428.4 7280.7 7246.6 138

139 LM653164205 Mutual fund shares 5788.4 7796.7 9029.8 8941.4 10363.5 12333.0 13150.6 12897.2 139

140 FL403192405 Equity in government-sponsored enterprises (2) 51.8 51.8 49.0 43.1 41.2 41.7 42.9 44.2 140

141 FL793192005 Foreign direct investment in the United States 343.5 407.0 489.6 561.9 581.1 560.5 595.5 599.9 141

142 FL662090205 Equity in noncorporate business 10.7 14.8 15.9 11.9 17.2 16.3 17.9 14.7 142

143 FL793194005 Investment by parent 2663.5 3244.5 3173.4 3256.3 3839.2 3910.3 4115.7 4109.9 143

144 FL713164003 Stock in Federal Reserve Banks 21.1 25.6 26.5 26.9 27.4 27.5 28.6 29.5 144

145 FL583152005 Insurance, pension and standardized guarantee schemes 16696.0 18109.8 19781.6 20339.3 21407.3 23015.3 23889.6 24529.3 145

146 FL793196005 Other accounts payable 2720.3 2350.9 1848.6 1515.1 1449.0 1276.9 1373.7 1174.5 146

147 FL792090095 Net worth 1383.4 1054.8 555.0 964.5 610.2 -337.1 -832.5 -660.5 147

Notes. Financial business includes depository institutions, insurance companies, pension funds, monetary authority, and other financial institutions.

 Estimates for 2000 and earlier periods are based on the 1987 Standard Industrial Classification System; later estimates are based on the North American Classification System.

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land. Includes corporate and noncorporate financial business.
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Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA716902505 Gross value added 3.4 2.5 2.5 2.8 2.6 3.3 4.2 4.1 1

 2 FA716330085 Less: Consumption of fixed capital 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 2

 3 FA716902605 Equals: Net value added 2.6 1.7 1.7 2.0 1.8 2.5 3.3 3.2 3

 4 FA716025005 Compensation of employees (paid) 1.9 2.1 2.1 2.0 2.0 2.2 2.3 2.4 4

 5 FA716020001 Wages and salaries 1.7 1.8 1.8 1.8 1.8 1.9 2.0 2.1 5

 6 FA716401001 Employers’ social contributions 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 6

 7 FA716240101 Taxes on production and imports less subsidies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA716402101 Operating surplus, net 0.6 -0.3 -0.4 -0.1 -0.2 0.3 1.1 0.9 8

 9 FA716140005 Net national income/Balance of primary incomes, net 35.2 47.3 71.7 76.6 72.4 80.6 104.4 101.6 9

10 FA716402101 Operating surplus, net 0.6 -0.3 -0.4 -0.1 -0.2 0.3 1.1 0.9 10

11 FA716150105 Property income (received) 38.9 53.3 78.5 84.5 80.9 90.5 115.9 113.6 11

12 FA716130101 Interest 38.9 53.3 78.5 84.5 80.9 90.5 115.9 113.6 12

13 FA716121101 Distributed income of corporations (dividends) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 FA713092281 Reinvested earnings on U.S. direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 FA716150005 Less: Uses of property income (paid) 4.4 5.7 6.4 7.9 8.4 10.2 12.6 12.9 15

16 FA716130001 Interest 3.2 4.3 4.8 6.3 6.7 8.6 11.0 11.2 16

17 FA716120005 Distributed income of corporations 1.2 1.4 1.6 1.6 1.6 1.6 1.7 1.7 17

18 FA716121001 Dividends 1.2 1.4 1.6 1.6 1.6 1.6 1.7 1.7 18

19 FA716122001 Withdrawals from income of quasi-corporations (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 FA713192281 Reinvested earnings on foreign direct investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 FA716112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA716140005 Net national income/Balance of primary incomes, net 35.2 47.3 71.7 76.6 72.4 80.6 104.4 101.6 22

23 FA716220001 Less: Current taxes on income, wealth, etc. (paid) 31.7 47.4 79.3 75.4 88.4 79.6 96.9 117.1 23

24 FA716403001 Less: Other current transfers (paid) 0.9 0.9 1.1 1.4 1.6 1.8 1.9 1.9 24

25 FA716012005 Equals: Disposable income, net 2.6 -1.1 -8.7 -0.3 -17.6 -0.9 5.6 -17.4 25

26 FA716012005 Equals: Net saving 2.6 -1.1 -8.7 -0.3 -17.6 -0.9 5.6 -17.4 26

 Capital account

27 FA716006385 Net saving less capital transfers 2.6 -1.1 -8.7 -0.3 -17.6 -0.9 5.6 -17.4 27

28 FA716012005 Net saving 2.6 -1.1 -8.7 -0.3 -17.6 -0.9 5.6 -17.4 28

29 FA715440083 Less: Capital transfers paid (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 FA715015085 Capital formation, net -0.2 -0.0 -0.2 -0.2 0.0 -0.2 -0.1 -0.1 30

31 FA715013085 Gross fixed capital formation (nonresidential) 0.7 0.8 0.7 0.6 0.8 0.6 0.7 0.8 31

32 FA716330085 Less: Consumption of fixed capital 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 32

33 FA715000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 2.8 -1.0 -8.5 -0.0 -17.7 -0.7 5.7 -17.4 33

 Financial account

34 FA715000995 Net lending (+) or borrowing (-) (line 33) 2.8 -1.0 -8.5 -0.0 -17.7 -0.7 5.7 -17.4 34

35 FA714090005 Net acquisition of financial assets 1319.8 -4.5 185.5 493.6 9.7 1118.8 481.6 -13.3 35

36 FA713011203 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 FA714000005 Currency and deposits -0.8 3.7 1.8 1.1 0.9 0.4 1.4 1.9 37

38 FA714022005 Debt securities -245.0 1349.2 316.3 444.0 64.5 1086.6 480.7 5.1 38

39 FA713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 FA713061100 Treasury securities -264.7 300.7 244.9 642.0 2.7 542.6 252.6 0.2 40

41 FA713061705 Agency- and GSE-backed securities (2) 19.7 1048.5 71.4 -197.9 61.8 543.9 228.1 4.9 41

42 FA714041005 Loans (short term) 1564.7 -1434.1 -151.4 32.2 -121.0 -9.1 1.2 -0.6 42

43 FA713064103 Equity shares 0.0 25.1 1.3 -26.4 0.0 0.0 0.0 0.0 43

44 FA713096105 Other accounts receivable 0.9 51.5 17.5 42.7 65.3 40.9 -1.8 -19.7 44

45 FA714190005 Net incurrence of liabilities 1317.2 -9.1 184.6 493.2 9.3 1118.7 480.6 5.3 45

46 FA714100005 Currency and deposits 1270.2 -3.4 173.9 480.2 -2.0 900.1 283.2 -197.9 46

47 FA712151003 Loans 44.4 -10.6 -18.0 40.2 7.3 208.7 193.9 202.6 47

48 FA713164003 Equity shares (stock in Federal Reserve Banks) 2.6 4.6 0.9 0.4 0.5 0.1 1.1 0.9 48

49 FA713193005 Other accounts payable 0.0 0.4 27.8 -27.5 3.5 9.7 2.4 -0.3 49

 Addendum:

50 FA715000005 Net lending (+) or borrowing (-), financial account (lines 35-45) 2.6 4.6 0.9 0.4 0.5 0.1 1.1 -18.6 50

 Other changes in volume account

51 FV718090185 Total other volume changes -0.2 5.6 9.4 0.4 18.1 0.8 -4.6 -1.2 51

52 FV718090085 Other volume changes 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 52

53 FU717005045 Less: Statistical discrepancy (lines 33-50) (3) 0.2 -5.6 -9.4 -0.4 -18.1 -0.8 4.6 1.2 53
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S.61.a Central Bank

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Revaluation account

54 FR712010095 Nonfinancial assets 0.6 -0.4 0.0 0.3 0.1 0.3 0.2 0.2 54

55 FR715013665 Structures (nonresidential) 0.5 -0.3 0.0 0.3 0.1 0.2 0.2 0.1 55

56 FR715013265 Equipment 0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 FR715013765 Intellectual property products 0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 0.0 57

58 FR718200005 Changes in net worth due to nominal holding gains/losses 0.6 -0.4 0.0 0.3 0.1 0.3 0.2 0.2 58

 Changes in balance sheet account

59 FC712090095 Change in net worth (lines 30+33+51+58) 3.0 4.2 0.8 0.5 0.6 0.2 1.2 -18.5 59

 Balance sheet account (end of period)

60 FL712000095 Total assets 2281.7 2276.8 2462.1 2955.8 2965.6 4084.5 4566.2 4553.0 60

61 FL712010095 Nonfinancial assets (4) 11.0 10.6 10.5 10.6 10.7 10.7 10.8 10.9 61

62 FL715013665 Structures (nonresidential) 8.2 7.8 7.7 7.8 7.8 7.9 8.0 8.0 62

63 FL715013265 Equipment 2.1 2.0 2.0 2.0 2.0 2.0 2.0 2.0 63

64 FL715013765 Intellectual property products 0.7 0.7 0.8 0.8 0.8 0.8 0.8 0.9 64

65 FL714090005 Financial assets 2270.7 2266.2 2451.7 2945.2 2955.0 4073.8 4555.4 4542.1 65

66 FL713011203 Monetary gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 66

67 FL714000005 Currency and deposits 62.9 65.7 68.1 69.3 69.0 68.1 66.7 67.0 67

68 FL714022005 Debt securities 495.6 1844.8 2161.1 2605.1 2669.6 3756.2 4236.9 4242.0 68

69 FL713069603 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69

70 FL713061100 Treasury securities 475.9 776.6 1021.5 1663.4 1666.1 2208.8 2461.4 2461.6 70

71 FL713061705 Agency- and GSE-backed securities (2) 19.7 1068.3 1139.6 941.7 1003.4 1547.4 1775.5 1780.4 71

72 FL714041005 Loans (short term) 1683.8 249.7 98.4 130.5 9.5 0.4 1.7 1.1 72

73 FL713064103 Equity shares 0.0 25.1 26.4 0.0 0.0 0.0 0.0 0.0 73

74 FL713096105 Other accounts receivable 17.3 69.8 86.7 129.2 195.8 238.0 239.1 221.0 74

75 FL712100005 Total liabilities and net worth 2281.7 2276.8 2462.1 2955.8 2965.6 4084.5 4566.2 4553.0 75

76 FL714190005 Liabilities 2249.7 2240.6 2425.1 2918.3 2927.6 4046.3 4526.8 4532.1 76

77 FL714100005 Currency and deposits 2138.1 2134.6 2308.6 2788.7 2786.7 3686.8 3970.0 3772.2 77

78 FL712151003 Loans 88.4 77.7 59.7 99.9 107.2 315.9 509.8 712.4 78

79 FL713164003 Equity shares (stock in Federal Reserve Banks) 21.1 25.6 26.5 26.9 27.4 27.5 28.6 29.5 79

80 FL713193005 Other accounts payable 2.2 2.5 30.4 2.8 6.3 16.0 18.4 18.1 80

81 FL712090095 Net worth 32.1 36.2 37.0 37.5 38.0 38.2 39.4 20.9 81

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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164 Z.1, September 16, 2016

S.62.a Private Depository Institutions

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA706902505 Gross value added 304.4 282.1 261.2 238.5 274.2 289.9 300.8 343.5 1

 2 FA706300081 Less: Consumption of fixed capital 31.9 32.1 31.8 31.8 32.3 32.6 32.7 32.5 2

 3 FA706902605 Equals: Net value added 272.5 250.0 229.4 206.8 241.9 257.3 268.1 311.0 3

 4 FA706025005 Compensation of employees (paid) 132.9 147.3 151.0 158.8 167.5 170.8 169.6 180.3 4

 5 FA706020001 Wages and salaries 111.7 125.3 128.3 134.3 143.1 146.0 144.7 154.1 5

 6 FA706401001 Employers’ social contributions 21.2 22.0 22.7 24.5 24.4 24.8 24.9 26.2 6

 7 FA706240101 Taxes on production and imports less subsidies 8.4 9.4 9.4 9.6 10.0 10.4 11.0 11.2 7

 8 FA706402101 Operating surplus, net 131.2 93.4 68.9 38.4 64.4 76.1 87.5 119.5 8

 9 FA706140005 Net national income/Balance of primary incomes, net 132.6 178.7 180.7 124.7 117.5 133.8 120.7 124.8 9

10 FA706402101 Operating surplus, net 131.2 93.4 68.9 38.4 64.4 76.1 87.5 119.5 10

11 FA706150105 Property income (received) 408.2 410.6 412.5 380.9 346.9 320.9 308.9 317.6 11

12 FA706130101 Interest 392.9 393.7 388.7 357.1 326.6 299.1 287.8 298.7 12

13 FA706121101 Distributed income of corporations (dividends) 2.8 1.9 2.1 2.1 2.2 2.4 2.7 3.0 13

14 FA703092281 Reinvested earnings on U.S. direct investment abroad 12.5 15.0 21.7 21.7 18.1 19.3 18.3 15.9 14

15 FA706150005 Less: Uses of property income (paid) 406.8 325.2 300.7 294.6 293.8 263.2 275.6 312.3 15

16 FA706130001 Interest 354.3 277.0 243.9 212.4 191.9 173.8 179.5 203.1 16

17 FA706120005 Distributed income of corporations 50.9 47.3 54.1 77.9 96.2 84.0 89.8 104.3 17

18 FA706121001 Dividends 50.6 47.1 53.9 77.8 96.0 83.9 89.8 104.3 18

19 FA706122001 Withdrawals from income of quasi-corporations (1) 0.2 0.2 0.2 0.1 0.2 0.1 0.1 0.1 19

20 FA703192281 Reinvested earnings on foreign direct investment 1.7 0.9 2.8 4.3 5.7 5.4 6.3 4.8 20

21 FA706112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA706140005 Net national income/Balance of primary incomes, net 132.6 178.7 180.7 124.7 117.5 133.8 120.7 124.8 22

23 FA706220001 Less: Current taxes on income, wealth, etc. (paid) 15.8 2.7 18.7 23.5 30.5 26.6 41.0 46.9 23

24 FA706403001 Less: Other current transfers (paid) 4.2 4.3 4.5 5.6 6.2 6.8 7.5 8.2 24

25 FA706012005 Equals: Disposable income, net 112.6 171.7 157.5 95.6 80.8 100.3 72.2 69.8 25

26 FA706012005 Equals: Net saving 112.6 171.7 157.5 95.6 80.8 100.3 72.2 69.8 26

 Capital account

27 FA706006385 Net saving less capital transfers 155.4 189.8 157.5 95.9 80.8 100.3 72.2 69.8 27

28 FA706012005 Net saving 112.6 171.7 157.5 95.6 80.8 100.3 72.2 69.8 28

29 FA705440083 Less: Capital transfers paid (net) -42.8 -18.0 0.0 -0.3 0.0 0.0 0.0 0.0 29

30 FA705015085 Capital formation, net 3.8 -0.1 -4.6 -5.0 -3.6 -5.8 -4.8 -2.2 30

31 FA705013081 Gross fixed capital formation (nonresidential) 35.6 32.0 27.2 26.8 28.8 26.8 27.9 30.4 31

32 FA706300081 Less: Consumption of fixed capital 31.9 32.1 31.8 31.8 32.3 32.6 32.7 32.5 32

33 FA705000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 151.6 189.8 162.2 100.9 84.4 106.1 77.0 72.0 33

 Financial account

34 FA705000995 Net lending (+) or borrowing (-) (line 33) 151.6 189.8 162.2 100.9 84.4 106.1 77.0 72.0 34

35 FA704090005 Net acquisition of financial assets 1198.4 -699.2 -193.2 840.5 500.1 993.4 972.1 518.7 35

36 FA704000005 Currency and deposits 836.6 114.6 -12.6 600.4 -63.0 757.4 129.5 -402.8 36

37 FA703025005 Vault cash 2.7 -2.8 -2.2 8.1 7.1 2.6 2.0 -1.4 37

38 FA713113003 Reserves at the Federal Reserve 839.2 117.0 -8.9 594.2 -71.2 758.0 128.9 -400.8 38

39 FA403197033 Deposits at Federal Home Loan Banks -5.4 0.4 -1.5 -1.8 1.2 -3.2 -1.5 -0.5 39

40 FA704022005 Debt securities 117.7 117.2 146.1 138.0 190.4 46.3 216.7 203.3 40

41 FA703069175 Open market paper 15.3 -15.7 0.0 0.0 0.0 0.0 0.0 0.0 41

42 FA703061105 Treasury securities -20.8 94.7 103.0 -46.7 86.6 -35.1 195.4 36.8 42

43 FA703061705 Agency- and GSE-backed securities (2) 142.2 172.6 138.5 133.6 49.7 42.4 26.2 155.2 43

44 FA703062005 Municipal securities 20.4 3.4 29.3 46.8 68.0 55.1 31.0 47.4 44

45 FA703063005 Corporate and foreign bonds -39.3 -137.8 -124.7 4.3 -13.8 -16.2 -35.9 -36.0 45

46 FA704035005 Loans 179.5 -969.8 -258.5 165.4 389.2 162.8 589.4 701.2 46

47 FA704041005 Short term 141.3 -790.4 -101.3 271.3 367.5 173.8 439.5 445.5 47

48 FA703065005 Long term (mortgages) 38.3 -179.4 -157.2 -105.8 21.7 -11.0 149.9 255.7 48

49 FA703081005 Equity and investment fund shares 17.0 24.0 -7.2 -10.7 -14.6 1.4 4.0 1.7 49

50 FA703064105 Corporate equities 0.9 6.3 -1.7 0.9 -10.5 0.8 0.7 2.0 50

51 FA703064205 Mutual fund shares 2.2 13.6 -5.8 -0.4 -0.9 1.1 -0.9 -1.0 51

52 FA703092405 Equity in government-sponsored enterprises (2) -6.2 0.3 -3.2 -5.4 -2.1 -1.1 -0.0 -0.9 52

53 FA763092000 U.S. direct investment abroad 17.6 -0.8 2.7 -6.2 -1.6 0.4 3.2 0.8 53

54 FA713164003 Stock in Federal Reserve Banks 2.6 4.6 0.9 0.4 0.5 0.1 1.1 0.9 54

55 FA763040005 Insurance, pension and standardized guarantee schemes 6.4 0.8 4.5 5.2 7.4 5.7 5.9 6.5 55

56 FA703093005 Other accounts receivable 41.1 14.0 -65.4 -57.9 -9.3 19.8 26.5 8.7 56
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Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

57 FA704190005 Net incurrence of liabilities 1116.1 -384.7 -169.3 854.8 569.9 947.0 1096.8 475.3 57

58 FA704100005 Currency and deposits 881.3 265.4 161.7 979.0 595.8 970.8 696.3 394.3 58

59 FA703127005 Checkable deposits 140.2 109.7 81.3 356.7 205.6 193.1 198.8 87.8 59

60 FA703130205 Other deposits 741.1 155.7 80.4 622.3 390.2 777.7 497.5 306.5 60

61 FA704122005 Debt securities 0.1 -28.3 -69.3 10.0 -115.4 -102.7 -17.2 -9.3 61

62 FA763163005 Corporate bonds 0.1 -28.5 -49.2 2.4 -82.3 -74.9 -12.0 -8.4 62

63 FA703169175 Commercial paper 0.0 0.1 -20.1 7.6 -33.1 -27.8 -5.2 -0.9 63

64 FA704141005 Loans (short term) 350.7 -875.5 -239.0 -89.8 -26.6 -17.6 92.0 35.6 64

65 FA703181105 Equity and investment fund shares 186.1 121.4 26.1 74.8 88.7 67.7 179.8 49.2 65

66 FA763164103 Corporate equity issues 12.1 11.6 11.9 6.4 1.6 2.2 2.7 9.5 66

67 FA753192003 Foreign direct investment in the United States 24.8 16.6 12.4 26.0 -2.3 8.8 1.5 1.1 67

68 FA703194005 Investment by parent 149.3 93.2 1.8 42.4 89.4 56.7 175.6 38.7 68

69 FA703196005 Other accounts payable -302.2 132.4 -48.8 -119.3 27.4 28.8 145.8 5.5 69

 Addendum:

70 FA705000005 Net lending (+) or borrowing (-), financial account (lines 35-57) 82.3 -314.5 -23.8 -14.3 -69.8 46.4 -124.7 43.4 70

 Other changes in volume account

71 FV708090185 Total other volume changes -67.3 -711.7 -219.6 -144.4 -302.8 -98.6 -209.2 -26.5 71

72 FV702010095 Disaster losses -0.3 0.0 0.0 0.0 -0.5 0.0 0.0 0.0 72

73 FV708090085 Other volume changes 2.2 -207.3 -33.6 -29.3 -148.1 -38.8 -7.4 2.1 73

74 FU707005045 Less: Statistical discrepancy (lines 33-70) (3) 69.3 504.4 186.0 115.2 154.2 59.8 201.8 28.6 74

 Revaluation account

75 FR702010095 Nonfinancial assets 8.3 -29.1 -8.7 9.8 3.6 9.0 6.9 4.6 75

76 FR705013665 Structures (nonresidential) 11.8 -16.2 -1.5 9.1 3.8 8.0 6.2 4.9 76

77 FR705013265 Equipment -1.1 -7.5 -3.6 0.8 -0.1 0.9 0.9 -0.2 77

78 FR705013765 Intellectual property products -2.5 -5.4 -3.5 -0.0 -0.1 0.1 -0.3 -0.0 78

79 FR703081085 Financial assets -34.4 96.7 32.4 -11.2 26.1 31.2 -1.7 -23.2 79

80 FR703064105 Corporate equities -55.8 23.5 11.7 -7.2 14.4 29.1 6.5 -10.5 80

81 FR703064205 Mutual fund shares -12.2 12.2 4.9 -2.6 5.5 10.9 2.6 -3.9 81

82 FR763092000 U.S. direct investment abroad 33.6 61.0 15.7 -1.4 6.1 -8.8 -10.8 -8.7 82

83 FR703181105 Liabilities -561.6 5.6 59.5 -138.8 189.1 212.4 70.5 -10.9 83

84 FR763164103 Corporate equity issues -514.3 -13.8 59.5 -169.3 157.6 212.2 84.0 -5.0 84

85 FR753192003 Foreign direct investment in the United States -47.3 19.5 -0.1 30.5 31.6 0.2 -13.6 -5.9 85

86 FR703194005 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 86

87 FR708200005 Changes in net worth due to nominal holding gains/losses 535.5 61.9 -35.7 137.3 -159.5 -172.1 -65.3 -7.7 87

 Changes in balance sheet account

88 FC702090095 Change in net worth (lines 30+33+71+87) 623.5 -460.0 -97.8 88.8 -381.5 -170.4 -202.2 35.6 88

 Balance sheet account (end of period)

89 FL702000095 Total assets 14849.4 13928.4 14068.8 14957.0 15363.1 16301.8 17283.1 17762.0 89

90 FL702010095 Nonfinancial assets (4) 387.8 374.2 371.4 376.7 377.4 381.3 385.2 389.3 90

91 FL705013665 Structures (nonresidential) 273.1 262.7 261.3 267.9 269.0 274.5 279.9 285.1 91

92 FL705013265 Equipment 96.0 92.1 90.9 89.4 87.8 86.3 85.0 83.2 92

93 FL705013765 Intellectual property products 18.7 19.5 19.1 19.4 20.6 20.5 20.4 21.0 93

94 FL704090005 Financial assets 14461.6 13554.2 13697.4 14580.2 14985.6 15920.5 16897.9 17372.7 94

95 FL704000005 Currency and deposits 933.2 1047.8 1035.2 1635.6 1575.8 2333.2 2462.7 2059.9 95

96 FL703025005 Vault cash 57.7 54.9 52.7 60.8 71.1 73.6 75.7 74.2 96

97 FL713113003 Reserves at the Federal Reserve 860.0 977.0 968.1 1562.3 1491.0 2249.1 2378.0 1977.2 97

98 FL403197033 Deposits at Federal Home Loan Banks 15.5 15.9 14.4 12.6 13.7 10.6 9.1 8.5 98

99 FL704022005 Debt securities 2829.5 2944.4 3070.7 3208.7 3399.1 3445.3 3662.1 3865.4 99

100 FL703069175 Open market paper 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100

101 FL703061105 Treasury securities 101.9 196.6 299.6 252.9 339.5 304.4 499.8 536.6 101

102 FL703061705 Agency- and GSE-backed securities (2) 1400.3 1579.9 1718.1 1851.7 1901.3 1943.8 1970.0 2125.2 102

103 FL703062005 Municipal securities 224.4 227.8 257.1 303.9 371.9 427.0 458.0 505.4 103

104 FL703063005 Corporate and foreign bonds 1087.2 940.0 795.9 800.2 786.3 770.2 734.2 698.2 104

105 FL704035005 Loans 9202.4 8172.6 8292.5 8416.9 8768.6 8912.0 9490.4 10183.9 105

106 FL704041005 Short term 4188.2 3403.7 3709.4 3980.7 4346.2 4519.9 4959.3 5404.8 106

107 FL703065005 Long term (mortgages) 5014.2 4768.9 4583.0 4436.2 4422.4 4392.1 4531.1 4779.1 107
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Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

108 FL703081005 Equity and investment fund shares 319.7 440.4 465.6 443.7 455.1 487.7 490.1 468.7 108

109 LM703064105 Corporate equities 33.8 63.6 73.6 67.4 71.3 101.3 108.5 100.0 109

110 LM703064205 Mutual fund shares 21.6 47.4 46.5 43.5 48.1 60.1 61.8 56.8 110

111 FL703092405 Equity in government-sponsored enterprises (2) 41.8 42.1 38.9 33.4 31.3 30.2 30.2 29.2 111

112 FL763092000 U.S. direct investment abroad 201.5 261.7 280.1 272.5 277.0 268.6 261.0 253.2 112

113 FL713164003 Stock in Federal Reserve Banks 21.1 25.6 26.5 26.9 27.4 27.5 28.6 29.5 113

114 FL763040005 Insurance, pension and standardized guarantee schemes 110.7 111.5 116.0 125.5 138.0 143.8 149.6 156.2 114

115 FL703093005 Other accounts receivable 1066.0 837.5 717.4 749.9 649.0 598.3 642.9 638.7 115

116 FL702100005 Total liabilities and net worth 14849.4 13928.4 14068.8 14957.0 15363.1 16301.8 17283.1 17762.0 116

117 FL704194005 Liabilities 14806.5 14345.5 14583.6 15383.0 16170.6 17279.6 18463.2 18906.6 117

118 FL704100005 Currency and deposits 9244.7 9510.1 9667.6 10646.6 11214.6 12185.3 12881.6 13275.9 118

119 FL703127005 Checkable deposits 881.0 990.7 1072.0 1428.6 1629.2 1822.3 2021.2 2108.9 119

120 FL703130205 Other deposits 8363.8 8519.4 8595.6 9218.0 9585.4 10363.0 10860.5 11167.0 120

121 FL704122005 Debt securities 185.3 177.0 490.1 500.1 383.4 280.7 263.5 254.2 121

122 FL763163005 Corporate bonds 184.8 176.3 377.1 379.4 295.9 221.0 209.0 200.6 122

123 FL703169175 Commercial paper 0.5 0.6 113.0 120.6 87.5 59.7 54.5 53.6 123

124 FL704141005 Loans (short term) 2267.7 1392.2 1153.2 1063.3 1036.8 1019.2 1111.2 1146.9 124

125 FL703181105 Equity and investment fund shares 2286.7 2475.9 2561.5 2497.6 2854.4 3123.3 3373.6 3412.0 125

126 LM763164103 Corporate equity issues 567.8 565.6 637.1 474.1 633.3 847.7 934.4 938.9 126

127 FL753192003 Foreign direct investment in the United States 71.7 107.7 120.0 176.6 205.9 214.9 202.8 197.9 127

128 FL703194005 Investment by parent 1647.2 1802.6 1804.4 1846.8 2015.2 2060.8 2236.4 2275.1 128

129 FL703196005 Other accounts payable 822.1 790.3 711.3 675.4 681.4 671.1 833.2 817.6 129

130 FL702090095 Net worth 42.9 -417.1 -514.9 -426.0 -807.5 -977.9 -1180.1 -1144.5 130

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA526902505 Gross value added 258.2 285.7 269.2 253.2 268.7 260.8 322.7 355.3 1

 2 FA526300081 Less: Consumption of fixed capital 26.7 27.6 27.4 27.0 27.7 29.6 31.0 31.4 2

 3 FA526902605 Equals: Net value added 231.6 258.1 241.9 226.2 241.0 231.2 291.7 323.9 3

 4 FA526025005 Compensation of employees (paid) 119.5 116.0 118.7 127.2 132.2 133.7 137.7 142.0 4

 5 FA526020001 Wages and salaries 99.3 97.4 99.5 107.1 112.1 113.3 116.9 120.8 5

 6 FA526401001 Employers’ social contributions 20.2 18.6 19.1 20.1 20.1 20.3 20.8 21.2 6

 7 FA526240101 Taxes on production and imports less subsidies 21.4 22.1 22.3 23.1 23.7 25.4 35.2 40.2 7

 8 FA526402101 Operating surplus, net 90.6 120.0 100.9 75.8 85.1 72.2 118.8 141.7 8

 9 FA526140005 Net national income/Balance of primary incomes, net 27.9 55.6 65.2 23.3 12.9 11.7 57.6 84.0 9

10 FA526402101 Operating surplus, net 90.6 120.0 100.9 75.8 85.1 72.2 118.8 141.7 10

11 FA526150105 Property income (received) 301.5 273.1 287.3 266.3 264.4 277.5 281.9 279.3 11

12 FA526130101 Interest 273.8 251.5 248.0 241.7 238.1 248.4 252.6 251.1 12

13 FA526121101 Distributed income of corporations (dividends) 19.2 12.2 27.9 13.0 15.5 16.2 16.9 17.6 13

14 FA523092281 Reinvested earnings on U.S. direct investment abroad 8.6 9.3 11.4 11.5 10.8 12.9 12.4 10.6 14

15 FA526150005 Less: Uses of property income (paid) 364.3 337.5 323.1 318.8 336.7 338.0 343.2 337.0 15

16 FA526130001 Interest 342.0 325.7 304.6 302.8 311.3 312.8 320.8 308.2 16

17 FA526120005 Distributed income of corporations 21.5 11.3 17.1 13.6 22.6 23.2 19.7 26.6 17

18 FA526121001 Dividends 15.5 5.4 13.5 10.8 19.1 18.4 14.9 21.5 18

19 FA526122001 Withdrawals from income of quasi-corporations (1) 6.1 5.9 3.7 2.8 3.5 4.9 4.8 5.1 19

20 FA523192281 Reinvested earnings on foreign direct investment 0.7 0.4 1.3 2.4 2.9 2.0 2.7 2.3 20

21 FA526112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA526140005 Net national income/Balance of primary incomes, net 27.9 55.6 65.2 23.3 12.9 11.7 57.6 84.0 22

23 FA526220001 Less: Current taxes on income, wealth, etc. (paid) 20.7 25.0 28.9 23.0 29.1 33.8 39.6 42.6 23

24 FA526403001 Less: Other current transfers (paid) 31.5 -4.9 -8.4 -13.9 -67.8 -63.8 -38.4 -6.9 24

25 FA526012005 Equals: Disposable income, net -24.4 35.4 44.7 14.3 51.5 41.7 56.4 48.3 25

26 FA526012005 Equals: Net saving -24.4 35.4 44.7 14.3 51.5 41.7 56.4 48.3 26

 Capital account

27 FA526006385 Net saving less capital transfers -21.5 40.9 44.7 14.3 37.1 41.7 56.4 48.3 27

28 FA526012005 Net saving -24.4 35.4 44.7 14.3 51.5 41.7 56.4 48.3 28

29 FA525440083 Less: Capital transfers paid (net) -2.8 -5.5 0.0 0.0 14.3 0.0 0.0 0.0 29

30 FA525015085 Capital formation, net 0.8 0.1 -4.3 -2.4 -0.2 3.4 -0.2 1.5 30

31 FA525013081 Gross fixed capital formation (nonresidential) 27.4 27.7 23.1 24.7 27.5 33.0 30.8 33.0 31

32 FA526300081 Less: Consumption of fixed capital 26.7 27.6 27.4 27.0 27.7 29.6 31.0 31.4 32

33 FA525000995 Net lending (+) or borrowing (-), capital account (lines 27-30) -22.3 40.8 49.0 16.6 37.3 38.3 56.6 46.7 33

 Financial account

34 FA525000995 Net lending (+) or borrowing (-) (line 33) -22.3 40.8 49.0 16.6 37.3 38.3 56.6 46.7 34

35 FA524090005 Net acquisition of financial assets 154.1 150.9 160.6 243.6 130.1 94.0 180.4 108.3 35

36 FA523020005 Currency and deposits 9.6 -32.4 6.0 -6.5 15.0 -16.0 9.5 4.4 36

37 FA524022005 Debt securities -41.0 202.5 164.6 137.9 60.9 83.7 90.0 78.0 37

38 FA523069105 Open market paper 2.4 2.2 -10.8 -10.4 12.5 3.8 -4.7 -6.0 38

39 FA523061105 Treasury securities 29.5 50.7 26.4 23.4 -1.2 -5.8 20.6 12.9 39

40 FA523061705 Agency- and GSE-backed securities (2) -28.2 7.7 3.6 5.3 -21.8 -11.7 -18.3 -20.0 40

41 FA523062005 Municipal securities 16.3 13.5 18.2 -7.9 6.8 8.4 1.9 19.2 41

42 FA523063005 Corporate and foreign bonds -60.9 128.4 127.3 127.5 64.6 88.9 90.5 71.9 42

43 FA524035005 Loans 42.7 -27.1 -9.2 17.6 15.8 19.3 32.0 47.1 43

44 FA524041005 Short term 26.3 -10.3 -0.3 1.8 3.2 -1.8 8.4 4.7 44

45 FA523065005 Long term (mortgages) 16.4 -16.8 -8.9 15.8 12.6 21.1 23.6 42.4 45

46 FA523081005 Equity and investment fund shares 110.9 34.3 5.9 34.2 6.8 -23.5 -29.3 -22.4 46

47 FA523064105 Corporate equities 62.1 -4.1 -12.6 18.0 -0.0 -8.8 -2.0 -5.0 47

48 FA523064205 Mutual fund shares -12.4 45.5 63.1 10.3 4.1 -18.2 -32.0 -28.2 48

49 FA523034005 Money market mutual fund shares 48.7 -24.6 -24.1 2.3 -3.6 -12.2 2.1 5.9 49

50 FA523092405 Equity in government-sponsored enterprises (2) 1.0 -0.3 -0.1 -0.8 0.1 0.9 0.1 0.5 50

51 FA523092005 U.S. direct investment abroad 11.5 17.9 -20.4 4.4 6.3 14.8 2.4 4.5 51

52 FA543077073 Insurance, pension and standardized guarantee schemes 3.2 -4.9 2.7 -0.4 0.6 3.0 1.2 1.5 52

53 FA523096005 Other accounts receivable 28.7 -21.6 -9.4 60.9 31.0 27.4 77.0 -0.3 53

54 FA524190005 Net incurrence of liabilities 131.8 21.8 164.0 210.6 62.2 60.7 105.1 87.0 54

55 FA673090543 Currency and deposits (funding agreements) -6.2 -34.1 -9.7 -8.5 -0.4 -8.4 9.2 1.6 55

56 FA524141005 Loans (short term) 19.6 -6.6 -4.8 5.1 4.9 8.7 2.5 7.6 56
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Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

57 FA523181105 Equity and investment fund shares 4.6 16.6 13.9 -20.5 -11.1 -12.4 -24.3 -13.1 57

58 FA523164105 Corporate equity issues -10.3 -6.2 -17.5 -22.3 -24.5 -16.8 -31.8 -32.0 58

59 FA523192005 Foreign direct investment in the United States 27.4 13.5 9.1 -7.5 9.9 12.0 6.6 19.2 59

60 FA523194735 Investment by parent -12.5 9.3 22.2 9.3 3.5 -7.6 0.9 -0.3 60

61 FA523152005 Insurance, pension and standardized guarantee schemes 154.8 107.2 154.5 224.0 45.8 50.6 90.4 115.1 61

62 FA523196105 Other accounts payable -41.0 -61.2 10.2 10.4 23.1 22.2 27.4 -24.2 62

 Addendum:

63 FA525000005 Net lending (+) or borrowing (-), financial account (lines 35-54) 22.4 129.1 -3.4 33.0 67.8 33.3 75.3 21.3 63

 Other changes in volume account

64 FV528090185 Total other volume changes 168.4 21.1 -94.4 46.7 -35.7 -87.1 0.4 -18.1 64

65 FV522010095 Disaster losses -0.1 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 65

66 FV528090085 Other volume changes 123.8 -67.2 -42.1 30.2 -66.1 -82.1 -18.3 7.3 66

67 FU527005045 Less: Statistical discrepancy (lines 33-63) (3) -44.7 -88.3 52.4 -16.4 -30.5 5.0 -18.7 25.4 67

 Revaluation account

68 FR522010095 Nonfinancial assets 10.3 -8.4 0.2 5.7 2.1 5.3 3.4 2.5 68

69 FR525013665 Structures (nonresidential) 9.2 -7.3 0.2 5.1 2.2 4.7 3.5 2.7 69

70 FR525013265 Equipment 0.9 -0.7 0.2 0.5 -0.0 0.3 0.5 -0.1 70

71 FR525013765 Intellectual property products 0.2 -0.4 -0.2 0.0 -0.1 0.3 -0.5 -0.0 71

72 FR523081005 Financial assets -675.0 235.6 178.9 -46.6 215.5 360.1 123.2 -68.2 72

73 FR523064105 Corporate equities -169.3 12.7 39.6 2.0 50.3 110.4 35.0 -13.8 73

74 FR523064205 Mutual fund shares -475.1 215.7 126.2 -43.1 148.3 256.6 83.8 -39.5 74

75 FR523092005 U.S. direct investment abroad -30.6 7.2 13.1 -5.4 16.9 -6.9 4.4 -14.9 75

76 FR523181085 Liabilities -831.9 235.5 164.2 -65.6 185.9 318.9 167.4 -58.1 76

77 FR523164105 Corporate equity issues -386.4 49.4 42.5 -61.5 79.5 122.2 59.1 -11.0 77

78 FR523192005 Foreign direct investment in the United States -61.3 9.1 11.9 30.0 -23.9 -43.2 26.1 -15.3 78

79 FR543150005 Pension fund reserves -384.2 177.0 109.8 -34.1 130.3 239.8 82.3 -31.8 79

80 FR523194735 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 80

81 FR528200005 Changes in net worth due to nominal holding gains/losses 167.2 -8.3 14.9 24.7 31.8 46.5 -40.8 -7.5 81

 Changes in balance sheet account

82 FC522090095 Change in net worth (lines 30+33+64+81) 314.0 53.7 -34.8 85.6 33.2 1.2 16.0 22.7 82

 Balance sheet account (end of period)

83 FL522000095 Total assets 6070.2 6445.9 6765.5 6961.1 7300.2 7765.9 8074.6 8128.6 83

84 FL522010095 Nonfinancial assets (4) 250.1 241.6 237.2 240.3 242.9 250.8 254.9 260.2 84

85 FL525013665 Structures (nonresidential) 159.4 151.7 149.6 152.3 152.1 155.1 158.2 161.2 85

86 FL525013265 Equipment 49.5 47.3 46.3 46.2 46.4 47.4 47.8 47.9 86

87 FL525013765 Intellectual property products 41.2 42.6 41.3 41.8 44.4 48.3 49.0 51.1 87

88 FL524090005 Financial assets 5820.1 6204.3 6528.3 6720.8 7057.4 7515.1 7819.7 7868.5 88

89 FL523020005 Currency and deposits 110.7 78.3 84.3 77.8 92.8 76.9 86.4 90.7 89

90 FL524022005 Debt securities 3222.8 3437.9 3602.5 3740.4 3801.2 3884.9 3974.9 4053.0 90

91 FL523069105 Open market paper 57.4 59.6 48.8 38.5 50.9 54.8 50.1 44.1 91

92 FL523061105 Treasury securities 171.4 222.0 248.4 271.8 270.6 264.7 285.4 298.3 92

93 FL523061705 Agency- and GSE-backed securities (2) 480.5 488.2 491.7 497.0 475.2 463.6 445.3 425.3 93

94 FL523062005 Municipal securities 429.0 442.5 460.7 452.8 459.6 468.0 469.9 489.1 94

95 FL523063005 Corporate and foreign bonds 2084.6 2225.5 2352.8 2480.3 2544.9 2633.8 2724.3 2796.2 95

96 FL524035005 Loans 525.8 486.2 477.0 494.6 510.4 529.7 561.7 608.8 96

97 FL524041005 Short term 178.5 155.7 155.4 157.2 160.3 158.5 167.0 171.7 97

98 FL523065005 Long term (mortgages) 347.4 330.5 321.6 337.4 350.0 371.1 394.7 437.1 98

99 FL523081005 Equity and investment fund shares 1523.1 1793.1 1977.9 1965.5 2187.9 2524.5 2618.3 2527.8 99

100 LM523064105 Corporate equities 401.4 410.0 437.0 457.0 507.2 608.9 641.8 623.0 100

101 LM523064205 Mutual fund shares 859.1 1120.3 1309.6 1276.7 1429.2 1667.7 1719.5 1651.9 101

102 FL523034005 Money market fund shares 131.8 107.2 83.1 85.4 81.8 69.5 71.7 77.6 102

103 FL523092405 Equity in government-sponsored enterprises (2) 3.2 2.9 2.8 2.0 2.1 3.0 3.1 3.5 103

104 FL523092005 U.S. direct investment abroad 127.6 152.7 145.4 144.4 167.6 175.4 182.2 171.8 104

105 FL543077073 Insurance, pension and standardized guarantee schemes 27.0 22.1 24.7 24.3 24.9 27.9 29.1 30.6 105

106 FL523096005 Other accounts receivable 410.7 386.8 361.9 418.3 440.2 471.3 549.3 557.7 106
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S.63.a Insurance Companies

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

107 FL522100005 Total liabilities and net worth 6070.2 6445.9 6765.5 6961.1 7300.2 7765.9 8074.6 8128.6 107

108 FL524194005 Liabilities 5412.7 5734.8 6089.2 6199.1 6505.1 6969.6 7262.3 7293.6 108

109 FL673090543 Currency and deposits (funding agreements) 122.2 88.1 78.4 70.0 69.6 61.1 70.4 71.9 109

110 FL524141005 Loans (short term) 67.3 60.7 55.9 61.0 65.9 74.6 77.0 84.7 110

111 FL523181105 Equity and investment fund shares 495.4 570.5 638.7 586.8 584.1 645.8 706.6 667.2 111

112 LM523164105 Corporate equity issues 352.7 396.0 420.9 337.2 392.2 497.6 524.9 481.9 112

113 FL523192005 Foreign direct investment in the United States 111.4 134.1 155.0 177.5 163.4 132.2 164.9 168.8 113

114 FL523194735 Investment by parent 31.2 40.5 62.7 72.0 28.4 15.9 16.8 16.6 114

115 FL523152005 Insurance, pension and standardized guarantee schemes 4460.0 4806.9 5106.0 5285.5 5500.9 5860.0 6055.9 6128.7 115

116 FL523196105 Other accounts payable 267.9 208.7 210.2 195.9 284.6 328.0 352.3 341.1 116

117 FL522090095 Net worth 657.5 711.1 676.3 761.9 795.1 796.3 812.3 835.0 117

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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S.64.a Pension Funds

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA596902505 Gross value added 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 FA596300081 Less: Consumption of fixed capital 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 FA596902605 Equals: Net value added 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 FA596025005 Compensation of employees (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 FA596020001 Wages and salaries 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 FA596401001 Employers’ social contributions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 FA596240101 Taxes on production and imports less subsidies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 FA596402101 Operating surplus, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 FA596140005 Net national income/Balance of primary incomes, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 FA596402101 Operating surplus, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 FA596150105 Property income (received) 465.1 489.4 476.5 482.6 504.7 520.9 531.9 566.3 11

12 FA596130101 Interest 335.4 371.3 360.9 366.2 375.4 378.3 372.6 394.4 12

13 FA596121101 Distributed income of corporations (dividends) 129.7 118.0 115.6 116.4 129.3 142.6 159.3 171.9 13

14 FA593092281 Reinvested earnings on U.S. direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 FA596150005 Less: Uses of property income (paid) 465.1 489.4 476.5 482.6 504.7 520.9 531.9 566.3 15

16 FA596130001 Interest 335.4 371.3 360.9 366.2 375.4 378.3 372.6 394.4 16

17 FA596120005 Distributed income of corporations 129.7 118.0 115.6 116.4 129.3 142.6 159.3 171.9 17

18 FA596121001 Dividends 129.7 118.0 115.6 116.4 129.3 142.6 159.3 171.9 18

19 FA596122001 Withdrawals from income of quasi-corporations (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 FA593192281 Reinvested earnings on foreign direct investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 FA596112001 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA596140005 Net national income/Balance of primary incomes, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 FA596220001 Less: Current taxes on income, wealth, etc. (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 FA596403105 Plus: Other current transfers received, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 24

25 FA596012005 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 25

26 FA596012005 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 26

 Capital account

27 FA596006385 Net saving less capital transfers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 27

28 FA596012005 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 28

29 FA595440083 Less: Capital transfers (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 FA595015085 Capital formation, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 FA595013081 Gross fixed capital formation (nonresidential) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 FA596300081 Less: Consumption of fixed capital 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 FA595000995 Net lending (+) or borrowing (-), capital account (lines 27-30) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 33

 Addenda:

34 FA596403105 Other current transfers received, net (line 24) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 34

35 FA596403115 Contributions received 1162.5 1183.2 1206.1 1227.0 1269.9 1310.1 1342.8 1406.2 35

36 FA596403125 Claims to pension benefits 700.2 697.3 734.2 749.1 770.3 794.9 817.1 846.3 36

37 FA596403133 Actual employer contributions 453.3 467.0 503.5 525.8 539.1 549.2 560.2 559.4 37

38 FA596403143 Imputed employer contributions -5.8 -22.9 -30.1 -51.5 -59.1 -61.7 -63.5 -48.1 38

39 FA596403153 Actual household contributions 273.3 271.0 280.5 295.2 311.9 330.4 345.1 361.3 39

40 FA596403013 Less: pension service charges for defined benefit (DB) plans 20.6 17.9 19.7 20.3 21.6 23.0 24.7 26.3 40

41 FA596403163 Household pension contribution supplements 465.1 489.4 476.5 482.6 504.7 520.9 531.9 566.3 41

42 FA596403023 Less: pension service charge for defined contribution (DC) plans 2.8 3.4 4.5 4.8 5.1 5.7 6.2 6.4 42

43 FA596403033 Less: benefit payments and withdrawals 766.4 762.2 831.7 864.7 945.5 1052.2 1122.4 1209.0 43

44 FA596403043 Less: net change in benefit entitlements from DB plans 211.9 231.4 221.7 207.2 177.2 130.9 98.2 95.5 44

45 FA596403053 Less: net change in assets from current transaction for DC plans 184.1 189.6 152.7 155.1 147.2 126.9 122.2 101.7 45

 Financial account

46 FA595000995 Net lending (+) or borrowing (-) (line 33) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 46

47 FA594090005 Net acquisition of financial assets 364.3 535.2 533.4 413.9 447.9 455.3 273.9 381.8 47

48 FA594000005 Currency and deposits -9.3 0.8 7.8 9.7 -8.9 6.9 8.7 2.6 48

49 FA593020005 Currency and transferable deposits -5.7 -2.7 2.6 5.7 -2.3 -0.1 3.6 1.0 49

50 FA593030005 Time and savings deposits -3.6 3.5 5.1 4.0 -6.7 7.0 5.1 1.6 50

51 FA594022005 Debt securities 69.8 -9.3 216.0 176.1 196.2 287.4 128.4 131.9 51

52 FA593069105 Open market paper -5.9 2.2 3.9 4.5 -7.8 7.9 5.4 3.3 52

53 FA593061105 Treasury securities 79.5 118.4 113.8 139.7 128.2 124.3 75.8 106.3 53

54 FA593061705 Agency- and GSE-backed securities (2) -31.6 -11.0 9.7 -35.2 -21.2 -4.7 -7.1 -15.2 54

55 FA223062043 Municipal securities -0.1 0.1 0.7 -0.6 -0.0 1.0 -0.2 -0.2 55

56 FA593063005 Corporate and foreign bonds 28.0 -119.0 87.8 67.7 97.0 158.9 54.4 37.7 56
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57 FA594035005 Loans -11.9 -5.1 2.6 -5.0 -0.4 -0.6 2.7 -3.4 57

58 FA592051005 Short term -1.1 -0.0 0.1 0.1 -0.6 0.6 0.5 -0.2 58

59 FA593065005 Long term (mortgages) -10.8 -5.1 2.5 -5.2 0.2 -1.2 2.2 -3.2 59

60 FA593081005 Equity and investment fund shares 64.9 15.0 0.1 -151.4 -122.8 -213.3 -256.9 -133.6 60

61 FA593064105 Corporate equities 40.2 -57.1 -47.1 -151.6 -104.0 -377.6 -312.6 -179.1 61

62 FA593064205 Mutual fund shares 20.3 87.4 56.6 -15.8 2.1 148.3 51.8 49.8 62

63 FA593034005 Money market mutual fund shares 4.4 -15.3 -9.4 16.0 -20.8 16.0 3.8 -4.3 63

64 FA593052025 Insurance, pension and standardized guarantee schemes 270.7 510.5 274.0 337.8 350.0 332.8 351.2 335.4 64

65 FA593093005 Other accounts receivable -19.8 23.3 33.1 46.9 33.8 42.1 39.8 48.9 65

66 FA594190005 Net incurrence of liabilities (pension entitlements) 364.4 535.2 533.4 413.8 448.1 455.1 273.8 381.8 66

 Addendum:

67 FA595000005 Net lending (+) or borrowing (-), financial account (lines 47-66) -0.0 0.1 0.1 0.1 -0.2 0.1 0.1 0.1 67

 Other changes in volume account

68 FV598090185 Total other volume changes 1343.8 -583.7 -425.9 29.3 -416.5 -922.2 -359.2 74.9 68

69 FV592010095 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 69

70 FV598090085 Other volume changes 1343.9 -583.8 -426.0 29.2 -416.4 -922.3 -359.3 74.8 70

71 FU597005045 Less: Statistical discrepancy (lines 33-67) (3) 0.0 -0.1 -0.1 -0.1 0.2 -0.1 -0.1 -0.1 71

 Revaluation account

72 FR592010095 Nonfinancial assets 0.4 -0.3 0.0 0.2 0.1 0.2 0.1 0.1 72

73 FR595013665 Structures (nonresidential) 0.4 -0.3 0.0 0.2 0.1 0.2 0.1 0.1 73

74 FR595013265 Equipment 0.0 -0.0 -0.0 0.0 -0.0 0.0 0.0 0.0 74

75 FR595013765 Intellectual property products -0.0 -0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 75

76 FR593081005 Financial assets -2453.3 1115.5 759.9 -110.9 785.9 1621.5 602.0 -47.6 76

77 FR593064105 Corporate equities -1516.1 657.9 507.4 -26.1 483.4 1150.1 451.3 -41.5 77

78 FR593064205 Mutual fund shares -937.2 457.7 252.5 -84.7 302.5 471.4 150.7 -6.1 78

79 FR594190005 Liabilities (pension entitlements) -1125.6 543.6 336.0 -77.2 383.0 721.3 252.3 18.8 79

80 FR598200005 Changes in net worth due to nominal holding gains/losses -1327.4 571.7 423.9 -33.4 403.0 900.4 349.8 -66.3 80

 Changes in balance sheet account

81 FC592090095 Change in net worth (lines 30+33+68+80) 16.5 -12.1 -2.0 -4.1 -13.5 -21.8 -9.4 8.5 81

 Balance sheet account (end of period)

82 FL592000095 Total assets 12113.2 13168.1 14538.7 14912.8 15751.8 16979.0 17647.9 18223.5 82

83 FL592010095 Nonfinancial assets (4) 6.6 6.2 6.2 6.3 6.6 6.6 6.7 6.8 83

84 FL595013665 Structures (nonresidential) 6.5 6.1 6.1 6.2 6.4 6.5 6.6 6.6 84

85 FL595013265 Equipment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 85

86 FL595013765 Intellectual property products 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 86

87 FL594090005 Financial assets 12106.6 13161.9 14532.5 14906.5 15745.3 16972.3 17641.2 18216.7 87

88 FL594000005 Currency and deposits 71.7 72.6 80.3 90.0 81.1 87.9 96.6 99.2 88

89 FL593020005 Currency and transferable deposits 16.4 13.7 16.4 22.1 19.8 19.6 23.3 24.3 89

90 FL593030005 Time and savings deposits 55.4 58.8 63.9 68.0 61.3 68.3 73.4 74.9 90

91 FL594022005 Debt securities 2654.1 2644.8 2860.7 3036.8 3233.0 3520.3 3648.8 3805.7 91

92 FL593069105 Open market paper 68.4 70.5 74.5 78.9 71.2 79.1 84.5 87.9 92

93 FL593061105 Treasury securities 1394.5 1512.8 1626.7 1766.3 1894.5 2018.7 2094.5 2200.8 93

94 FL593061705 Agency- and GSE-backed securities (2) 340.6 329.6 339.3 304.1 282.9 278.2 271.2 255.9 94

95 FL223062043 Municipal securities 1.3 1.3 2.0 1.4 1.4 2.4 2.2 2.0 95

96 FL593063005 Corporate and foreign bonds 849.4 730.4 818.3 886.0 983.0 1141.9 1196.3 1259.1 96

97 FL594035005 Loans 46.4 41.4 43.9 38.9 38.5 37.9 40.6 37.2 97

98 FL592051005 Short term 5.8 5.8 5.9 6.0 5.5 6.1 6.6 6.3 98

99 FL593065005 Long term (mortgages) 40.6 35.6 38.0 32.9 33.1 31.8 34.1 30.9 99

100 FL593081005 Equity and investment fund shares 4639.2 5769.8 6529.7 6267.4 6930.6 8338.8 8683.9 8507.7 100

101 LM593064105 Corporate equities 2586.7 3187.5 3647.8 3470.1 3849.5 4622.0 4760.7 4540.1 101

102 LM593064205 Mutual fund shares 1835.5 2380.6 2689.7 2589.1 2893.7 3513.4 3716.0 3764.7 102

103 FL593034005 Money market fund shares 217.0 201.7 192.3 208.2 187.4 203.4 207.2 202.9 103

104 FL593052025 Insurance, pension and standardized guarantee schemes 4084.7 3999.7 4351.0 4759.7 4714.6 4197.7 4341.9 4888.6 104

105 FL593093005 Other accounts receivable 610.4 633.7 666.8 713.6 747.5 789.6 829.4 878.2 105
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2008 2009 2010 2011 2012 2013 2014 2015

 

106 FL592000095 Total liabilities and net worth 12113.2 13168.1 14538.7 14912.8 15751.8 16979.0 17647.9 18223.5 106

107 FL594190005 Liabilities (pension entitlements) 12236.0 13302.9 14675.6 15053.8 15906.4 17155.3 17833.6 18400.7 107

108 FL592090095 Net worth -122.8 -134.9 -136.9 -141.0 -154.5 -176.4 -185.7 -177.2 108

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land.
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S.65.a Other Financial Business

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA856902505 Gross value added 285.9 445.0 509.9 551.2 641.7 618.1 676.1 652.0 1

 2 FA856300085 Less: Consumption of fixed capital 114.5 116.9 116.7 109.0 113.3 119.1 125.7 133.4 2

 3 FA856902605 Equals: Net value added 171.4 328.2 393.2 442.3 528.3 499.0 550.4 518.6 3

 4 FA856025005 Compensation of employees (paid) 358.6 283.7 302.5 318.8 328.4 333.7 371.6 389.5 4

 5 FA856020005 Wages and salaries 305.3 241.8 256.7 270.3 279.8 284.3 317.5 332.7 5

 6 FA856401005 Employers’ social contributions 53.3 41.9 45.8 48.5 48.6 49.5 54.1 56.8 6

 7 FA856240105 Taxes on production and imports less subsidies 25.8 32.7 33.1 25.6 26.5 24.0 21.4 22.5 7

 8 FA856402105 Operating surplus, net -212.9 11.8 57.6 97.9 173.4 141.3 157.5 106.7 8

 9 FA856140005 Net national income/Balance of primary incomes, net -197.7 8.5 59.3 95.4 87.0 -67.0 -40.4 -28.8 9

10 FA856402105 Operating surplus, net -212.9 11.8 57.6 97.9 173.4 141.3 157.5 106.7 10

11 FA856150105 Property income (received) 1619.3 977.5 871.9 894.8 855.3 801.8 803.1 839.3 11

12 FA856130105 Interest 1403.8 807.6 673.4 672.8 614.6 519.9 507.8 528.8 12

13 FA856121105 Distributed income of corporations (dividends) 187.1 143.5 163.3 188.0 212.7 253.6 268.5 285.0 13

14 FA853092285 Reinvested earnings on U.S. direct investment abroad 28.5 26.5 35.2 34.0 27.9 28.3 26.8 25.5 14

15 FA856150005 Less: Uses of property income (paid) 1604.1 980.8 870.2 897.3 941.7 1010.0 1001.0 974.8 15

16 FA856130005 Interest 1286.7 701.3 591.0 616.8 592.9 532.8 537.5 530.3 16

17 FA856120005 Distributed income of corporations 312.5 277.1 272.4 272.0 340.1 469.9 455.1 437.3 17

18 FA856121005 Dividends 295.7 208.9 191.5 220.6 275.9 427.3 432.2 411.1 18

19 FA856122005 Withdrawals from income of quasi-corporations (1) 16.7 68.2 81.0 51.4 64.2 42.6 22.9 26.2 19

20 FA853192285 Reinvested earnings on foreign direct investment 4.9 2.4 6.8 8.5 8.7 7.3 8.4 7.2 20

21 FA856112005 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 FA856140005 Net national income/Balance of primary incomes, net -197.7 8.5 59.3 95.4 87.0 -67.0 -40.4 -28.8 22

23 FA856220005 Less: Current taxes on income, wealth, etc. (paid) 13.5 16.5 23.2 28.4 32.9 44.0 41.6 39.2 23

24 FA856403005 Less: Other current transfers (paid) 9.1 26.2 21.2 26.9 34.2 36.1 37.7 21.2 24

25 FA856012005 Equals: Disposable income, net -220.2 -34.2 14.9 40.1 19.8 -147.1 -119.7 -89.2 25

26 FA856012005 Equals: Net saving -220.2 -34.2 14.9 40.1 19.8 -147.1 -119.7 -89.2 26

 Capital account

27 FA856006385 Net saving less capital transfers -205.3 64.3 56.4 72.2 24.6 -147.1 -129.7 -89.2 27

28 FA856012005 Net saving -220.2 -34.2 14.9 40.1 19.8 -147.1 -119.7 -89.2 28

29 FA855440085 Less: Capital transfers paid (net) -14.9 -98.4 -41.5 -32.1 -4.7 0.0 10.0 0.0 29

30 FA855015085 Capital formation, net 17.9 -10.6 -4.8 6.4 21.6 21.7 32.6 41.0 30

31 FA855013085 Gross fixed capital formation (nonresidential) 132.4 106.3 111.9 115.4 134.9 140.8 158.3 174.4 31

32 FA856300085 Less: Consumption of fixed capital 114.5 116.9 116.7 109.0 113.3 119.1 125.7 133.4 32

33 FA855000995 Net lending (+) or borrowing (-), capital account (lines 27-30) -223.3 74.8 61.2 65.8 3.0 -168.9 -162.3 -130.3 33

 Financial account

34 FA855000995 Net lending (+) or borrowing (-) (line 33) -223.3 74.8 61.2 65.8 3.0 -168.9 -162.3 -130.3 34

35 FA854090005 Net acquisition of financial assets 736.9 -1223.1 -603.5 -14.2 442.0 385.4 654.0 311.4 35

36 FA854000005 Currency and deposits 169.9 109.8 -157.9 -86.7 8.0 68.9 -22.0 -117.5 36

37 FA854022005 Debt securities 772.7 -813.4 10.9 137.5 461.7 -227.6 -77.1 198.7 37

38 FA853069175 Open market paper -5.6 -379.5 -86.5 -69.2 -5.2 8.5 -25.9 20.7 38

39 FA853061105 Treasury securities 678.9 -112.8 85.4 256.2 107.9 -143.2 61.3 258.7 39

40 FA853061705 Agency- and GSE-backed securities (2) 565.7 -517.6 -175.5 165.4 103.1 -181.1 -153.0 -101.8 40

41 FA853062005 Municipal securities -2.6 13.6 -16.8 -47.8 48.0 -80.7 -10.6 -1.1 41

42 FA853063005 Corporate and foreign bonds -463.8 183.0 204.3 -167.1 207.8 168.9 51.1 22.3 42

43 FA854035005 Loans -305.6 -515.9 -63.4 -36.9 101.9 -112.7 161.2 44.3 43

44 FA854041005 Short term -508.7 -664.5 64.0 42.8 202.5 -197.2 147.6 -32.2 44

45 FA813065005 Long term (mortgages) 203.1 148.6 -127.4 -79.7 -100.6 84.4 13.6 76.5 45

46 FA813081005 Equity and investment fund shares 569.7 -30.3 -52.6 86.5 155.7 458.0 505.2 435.9 46

47 FA813064105 Corporate equities 53.6 164.1 135.9 50.6 93.1 421.4 301.2 219.2 47

48 FA503034003 Money market mutual fund shares 253.6 -153.7 -148.0 -83.4 -62.4 -61.5 13.4 37.4 48

49 FA813092405 Equity in government-sponsored enterprises (2) 0.0 0.0 0.1 -0.0 0.0 0.1 0.3 1.2 49

50 FA803092005 U.S. direct investment abroad 37.4 23.5 15.4 16.9 15.8 9.9 13.5 20.5 50

51 FA793094005 Investment in subsidiaries 225.0 -64.1 -56.0 102.4 109.1 88.2 176.7 157.7 51

52 FA733040005 Insurance, pension and standardized guarantee schemes -1.2 2.1 3.8 2.4 7.3 5.1 5.0 4.1 52

53 FA853096005 Other accounts receivable -468.6 24.7 -344.4 -117.1 -292.6 193.8 81.8 -254.1 53

54 FA854190005 Net incurrence of liabilities 1268.1 -1341.0 -615.2 -65.4 374.9 283.9 588.7 237.1 54

55 FA403197033 Currency and deposits -5.4 0.4 -1.5 -1.8 1.2 -3.2 -1.5 -0.5 55
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2008 2009 2010 2011 2012 2013 2014 2015

 

56 FA814122005 Debt securities 454.3 -945.7 -610.5 -364.6 -200.9 167.7 187.6 172.4 56

57 FA423161705 Agency- and GSE-backed securities (2) 768.7 -60.1 -39.5 -22.1 -23.8 238.3 150.3 220.4 57

58 FA813163005 Corporate bonds -189.0 -437.5 -488.9 -266.6 -151.4 -49.5 69.4 -6.2 58

59 FA813169105 Commercial paper -125.4 -448.2 -82.1 -75.8 -25.6 -21.1 -32.1 -41.8 59

60 FA814135005 Loans -574.9 -751.6 202.3 246.7 142.8 -392.6 -130.1 -268.3 60

61 FA814141005 Short term -581.6 -763.4 201.4 233.2 137.9 -412.4 -139.4 -272.4 61

62 FA643165005 Long term (mortgages) 6.8 11.8 0.8 13.5 4.8 19.9 9.3 4.0 62

63 FA853181005 Equity and investment fund shares 1537.6 134.5 52.5 320.0 657.8 632.1 626.4 501.7 63

64 FA634090005 Money market mutual fund shares 746.5 -516.3 -512.4 -112.6 2.2 24.6 6.8 30.1 64

65 FA813164105 Corporate equity issues 677.0 298.4 200.0 186.4 187.2 190.0 264.6 255.3 65

66 FA653164205 Mutual fund shares -58.1 533.4 395.9 200.7 386.2 346.0 309.4 95.3 66

67 FA403192405 Equity in government-sponsored enterprises (2) -4.2 0.0 -2.7 -5.9 -1.8 0.5 1.2 1.3 67

68 FA803192005 Foreign direct investment in the United States 68.6 15.6 27.0 24.9 13.8 9.0 13.4 11.1 68

69 FA662090205 Equity in noncorporate business 11.6 0.6 0.9 -2.9 6.7 -5.2 2.0 2.3 69

70 FA803194005 Investment by parent 96.3 -197.0 -56.1 29.4 63.6 67.1 28.9 106.3 70

71 FA813196005 Other accounts payable -143.6 221.5 -257.9 -265.7 -226.0 -120.2 -93.6 -168.2 71

 Addendum:

72 FA855000005 Net lending (+) or borrowing (-), financial account (lines 35-53) -531.2 117.9 11.6 51.2 67.0 101.6 65.3 74.3 72

 Other changes in volume account

73 FV858090185 Total other volume changes -516.9 484.1 75.1 84.2 546.8 68.9 241.4 -62.5 73

74 FV812010095 Disaster losses -0.3 0.0 0.0 0.0 -1.3 0.0 0.0 0.0 74

75 FV858090085 Other volume changes -208.6 441.0 124.7 98.8 484.0 -201.5 13.8 -267.1 75

76 FU857005045 Less: Statistical discrepancy (lines 33-71) (3) 308.0 -43.1 49.6 14.6 -64.0 -270.4 -227.6 -204.6 76

 Revaluation account

77 FR812010095 Nonfinancial assets 36.2 -23.7 5.7 26.2 12.5 22.6 18.3 11.9 77

78 FR815013665 Structures (nonresidential) 32.3 -26.1 0.9 18.5 9.2 17.9 14.4 10.6 78

79 FR815013265 Equipment 3.1 2.7 4.6 7.1 3.0 3.5 4.1 1.0 79

80 FR815013765 Intellectual property products 0.8 -0.3 0.2 0.6 0.3 1.2 -0.3 0.3 80

81 FR813081085 Financial assets -3216.5 1391.8 816.1 -491.7 941.0 1890.9 551.5 -347.3 81

82 FR813064105 Corporate equities -3224.3 1405.7 804.3 -453.0 941.6 1958.3 547.0 -344.2 82

83 FR803092005 U.S. direct investment abroad 7.7 -14.0 11.9 -38.7 -0.7 -67.4 4.5 -3.1 83

84 FR813181085 Liabilities -4635.0 1830.8 1319.2 -547.8 1517.9 2591.7 982.4 -610.8 84

85 FR813164105 Corporate equity issues -1504.4 363.6 461.4 -227.5 493.1 971.5 473.7 -251.0 85

86 FR653164205 Mutual fund shares -3067.9 1474.9 837.3 -289.2 1035.9 1623.5 508.2 -348.7 86

87 FR803192005 Foreign direct investment in the United States -49.1 -10.7 22.4 -31.7 -9.8 -7.5 0.9 -5.7 87

88 FR662090205 Equity in noncorporate business -13.6 3.6 0.3 -1.2 -1.3 4.2 -0.4 -5.5 88

89 FR803194005 Investment by parent 0.0 -0.6 -2.0 1.8 -0.1 0.0 0.0 0.0 89

90 FR818200005 Changes in net worth due to nominal holding gains/losses 1454.6 -462.7 -497.4 82.3 -564.4 -678.3 -412.7 275.4 90

 Changes in balance sheet account

91 FC852090095 Change in net worth (lines 30+33+72+89) 732.4 85.6 -365.9 238.7 7.0 -756.5 -301.0 123.7 91

 Balance sheet account (end of period)

92 FL852000095 Total assets 34303.4 35246.9 34612.8 34170.1 36712.9 38643.6 39895.9 39371.7 92

93 FL812010095 Nonfinancial assets (4) 993.9 953.7 954.9 987.3 1017.9 1062.4 1110.7 1160.9 93

94 FL815013665 Structures (nonresidential) 568.7 543.0 539.3 552.0 556.6 569.5 581.1 590.8 94

95 FL815013265 Equipment 350.9 328.8 332.5 347.9 369.8 398.5 434.2 471.9 95

96 FL815013765 Intellectual property products 74.3 81.8 83.1 87.4 91.5 94.4 95.4 98.2 96

97 FL854090005 Financial assets 33309.5 34293.3 33657.9 33182.8 35694.9 37581.2 38785.3 38210.8 97

98 FL854000005 Currency and deposits 985.1 1109.3 996.6 909.9 940.2 1009.0 987.0 869.6 98

99 FL854022005 Debt securities 8031.5 7362.0 6853.8 7092.3 7738.8 7233.2 7275.4 7337.1 99

100 FL853069175 Open market paper 1102.1 722.5 640.3 571.2 566.0 575.2 550.3 572.4 100

101 FL853061105 Treasury securities 1102.0 967.1 1053.1 1329.6 1442.6 1264.5 1341.3 1586.9 101

102 FL853061705 Agency- and GSE-backed securities (2) 2966.5 2474.5 1849.6 2033.3 2161.1 1940.2 1803.8 1695.3 102

103 FL853062005 Municipal securities 992.1 1052.9 1027.9 1023.0 1093.6 964.9 1003.5 1002.8 103

104 FL853063005 Corporate and foreign bonds 1868.8 2145.0 2283.0 2135.3 2475.5 2488.3 2576.4 2479.9 104

105 FL854035005 Loans 14268.7 13537.2 12853.8 12706.3 12773.4 12573.3 12707.0 12709.8 105

106 FL854041005 Short term 5426.3 4716.0 4447.3 4490.1 4767.7 4555.1 4702.6 4670.4 106

107 FL813065005 Long term (mortgages) 8842.4 8821.2 8406.5 8216.2 8005.7 8018.3 8004.4 8039.4 107
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S.65.a Other Financial Business

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

108 FL813081005 Equity and investment fund shares 8354.9 10392.6 11156.1 10750.9 12274.2 14577.9 15634.6 15572.6 108

109 LM813064105 Corporate equities 4356.1 5925.9 6866.0 6463.6 7498.4 9878.1 10726.3 10601.3 109

110 FL503034003 Money market fund shares 905.8 752.1 604.1 520.7 458.3 396.8 410.3 447.6 110

111 FL813092405 Equity in government-sponsored enterprises (2) 0.0 0.0 0.1 0.1 0.1 0.2 0.5 1.6 111

112 FL803092005 U.S. direct investment abroad 408.4 417.9 445.3 423.5 438.6 381.1 399.1 416.4 112

113 FL793094005 Investment in subsidiaries 2684.6 3296.6 3240.6 3343.0 3878.8 3921.7 4098.5 4105.6 113

114 FL733040005 Insurance, pension and standardized guarantee schemes 19.3 21.4 25.1 27.6 34.9 39.9 45.0 49.0 114

115 FL853096005 Other accounts receivable 1650.1 1870.9 1772.6 1696.0 1933.6 2147.8 2136.3 1672.7 115

116 FL852100005 Total liabilities and net worth 34303.4 35246.9 34612.8 34170.1 36712.9 38643.6 39895.9 39371.7 116

117 FL854194005 Liabilities 33529.7 34387.6 34119.4 33438.0 35973.8 38661.0 40214.3 39566.3 117

118 FL403197033 Currency and deposits 15.5 15.9 14.4 12.6 13.7 10.6 9.1 8.5 118

119 FL814122005 Debt securities 15179.6 14417.6 13054.7 12617.4 12540.5 12643.6 12803.8 12856.6 119

120 FL423161705 Agency- and GSE-backed securities (2) 8143.4 8083.3 7581.3 7559.2 7535.4 7773.7 7924.0 8144.4 120

121 FL813163005 Corporate bonds 5910.4 5656.6 5010.3 4671.0 4643.5 4529.3 4571.5 4445.6 121

122 FL813169105 Commercial paper 1125.8 677.6 463.0 387.2 361.6 340.5 308.4 266.5 122

123 FL814135005 Loans 3918.7 3237.8 3452.0 3693.3 3898.7 3506.2 3383.9 3115.6 123

124 FL814141005 Short term 3755.2 3062.5 3275.9 3503.7 3704.4 3291.9 3152.5 2880.2 124

125 FL643165005 Long term (mortgages) 163.5 175.3 176.1 189.5 194.4 214.3 231.4 235.4 125

126 FL853181005 Equity and investment fund shares 12787.7 15366.9 16701.6 16473.7 19044.1 22238.8 23847.6 23588.0 126

127 FL634090005 Money market fund shares 3832.2 3315.9 2803.5 2691.0 2693.2 2717.8 2724.6 2754.7 127

128 LM813164105 Corporate equity issues 1959.1 2621.0 3282.4 3241.2 3921.6 5083.1 5821.4 5825.7 128

129 LM653164205 Mutual fund shares 5788.4 7796.7 9029.8 8941.4 10363.5 12333.0 13150.6 12897.2 129

130 FL403192405 Equity in government-sponsored enterprises (2) 51.8 51.8 49.0 43.1 41.2 41.7 42.9 44.2 130

131 FL803192005 Foreign direct investment in the United States 160.3 165.2 214.6 207.8 211.8 213.4 227.7 233.2 131

132 FL662090205 Equity in noncorporate business 10.7 14.8 15.9 11.9 17.2 16.3 17.9 14.7 132

133 FL803194005 Investment by parent 985.2 1401.5 1306.3 1337.4 1795.6 1833.6 1862.5 1818.2 133

134 FL813196005 Other accounts payable 1628.1 1349.4 896.8 641.0 476.7 261.8 169.8 -2.4 134

135 FL852090095 Net worth 773.7 859.4 493.4 732.1 739.1 -17.4 -318.3 -194.7 135

(1) Consists of rental income of tenant-occupied housing and proprietors’ income. Quasi-corporations are unincorporated enterprises that function as if they were corporations;

 they primarily cover their operating costs through sales, and they keep a complete set of financial records.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes land. Includes corporate and noncorporate financial business.
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2008 2009 2010 2011 2012 2013 2014 2015

 

 Current account

 1 FA316902505 Gross value added 637.6 668.8 704.5 720.9 723.7 715.2 725.7 735.1 1

 2 FA316300003 Less: Consumption of fixed capital 226.3 234.5 245.3 257.4 264.3 268.0 271.3 271.5 2

 3 FA316902605 Equals: Net value added 411.3 434.3 459.1 463.5 459.4 447.2 454.4 463.6 3

 4 FA316025001 Compensation of employees (paid) 410.4 433.5 462.2 470.6 468.3 458.3 462.7 471.1 4

 5 FA316020001 Wages and salaries 296.7 312.2 328.5 331.7 327.7 320.4 324.0 329.7 5

 6 FA316401005 Employers’ social contributions 113.7 121.3 133.7 138.9 140.7 137.9 138.7 141.4 6

 7 FA316402101 Operating surplus, net 0.8 0.7 -3.1 -7.1 -8.9 -11.1 -8.3 -7.4 7

 8 FA316140005 Net national income/Balance of primary incomes, net -308.9 -269.9 -286.6 -327.3 -321.6 -198.0 -295.7 -313.2 8

 9 FA316402101 Operating surplus, net 0.8 0.7 -3.1 -7.1 -8.9 -11.1 -8.3 -7.4 9

10 FA316240001 Taxes on production and imports, receivable 94.0 91.4 96.8 108.6 115.1 124.8 134.6 139.4 10

11 FA316402015 Subsidies (paid) -49.6 -56.9 -54.3 -59.5 -57.6 -58.8 -56.2 -56.1 11

12 FA316150195 Property income (received) 33.9 48.5 54.6 56.4 52.6 163.3 74.8 49.2 12

13 FA316130101 Interest 19.5 22.8 29.5 27.7 21.3 22.8 23.5 26.9 13

14 FA316121101 Distributed income of corporations (dividends) 0.6 18.7 17.0 18.8 21.1 131.3 40.7 16.1 14

15 FA316112101 Rents on land and natural resources 13.8 7.0 8.0 9.9 10.2 9.2 10.6 6.2 15

16 FA316130095 Less: Uses of property income (interest paid) 388.0 353.6 380.6 425.7 422.9 416.2 440.5 438.2 16

17 FA316140005 Net national income/Balance of primary incomes, net -308.9 -269.9 -286.6 -327.3 -321.6 -198.0 -295.7 -313.2 17

18 FA316220001 Plus: Current taxes on income, wealth, etc. (received) 1426.7 1079.7 1256.0 1445.2 1546.0 1699.4 1860.4 2009.9 18

19 FA316601001 Plus: Social benefits (received) 974.4 950.8 970.9 904.0 938.1 1091.3 1140.9 1189.5 19

20 FA316404001 Less: Social contributions (paid) 1480.0 1632.2 1774.4 1796.9 1801.5 1842.4 1901.5 1981.7 20

21 FA316403105 Plus: Other current transfers (received) 49.7 67.2 68.1 67.1 56.1 70.7 86.1 72.7 21

22 FA316403001 Less: Other current transfers (paid) 416.1 510.7 558.8 530.1 499.3 503.9 547.1 583.2 22

23 FA316012005 Equals: Disposable income, net 245.8 -315.1 -324.8 -238.1 -82.2 317.2 343.1 394.1 23

24 FA316901001 Less: Final consumption expenditures 879.8 933.7 1003.9 1006.1 1007.8 961.0 955.9 963.7 24

25 FA316006085 Equals: Net saving -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -643.8 -612.9 -569.7 25

 Capital account

26 FA316006385 Net saving less capital transfers -751.6 -1435.1 -1455.0 -1358.0 -1175.0 -702.0 -671.3 -621.2 26

27 FA316006085 Net saving -634.0 -1248.8 -1328.7 -1244.1 -1090.1 -643.8 -612.9 -569.7 27

28 FA315440005 Less: Capital transfers paid (net) 117.6 186.3 126.3 113.9 85.0 58.2 58.4 51.5 28

29 FA315050905 Capital formation, net 29.1 40.6 53.7 39.1 18.4 -2.0 -11.1 -41.1 29

 Gross fixed capital formation (acquisition of

30 FA315019001 produced nonfinancial assets) 275.8 284.0 300.0 297.4 284.7 268.4 262.9 261.2 30

31 FA316300003 Less: Consumption of fixed capital 226.3 234.5 245.3 257.4 264.3 268.0 271.3 271.5 31

32 FA315420003 Acquisition of nonproduced nonfinancial assets -20.4 -8.9 -1.0 -0.9 -2.0 -2.4 -2.7 -30.9 32

33 FA315000995 Net lending (+) or borrowing (-), capital account (lines 26-29) -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -700.0 -660.3 -580.1 33

 Financial account

34 FA315000995 Net lending (+) or borrowing (-) (line 33) -780.6 -1475.7 -1508.7 -1397.1 -1193.4 -700.0 -660.3 -580.1 34

35 FA314090005 Net acquisition of financial assets 579.8 247.4 279.9 -148.4 118.5 217.7 172.8 252.4 35

36 FA313011105 Monetary gold and SDRs 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 36

37 FA313011205 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 FA313011303 SDR holdings 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 38

39 FA314000005 Currency and deposits 316.0 -170.2 150.5 -239.9 11.1 65.8 57.2 103.5 39

40 FA313011505 Official foreign currencies 0.6 0.3 0.3 -0.2 0.2 0.2 0.1 0.1 40

41 FA313011405 Reserve position in IMF (net) 3.5 3.4 1.3 18.2 4.0 -3.4 -3.9 -6.5 41

42 FA313020005 Currency and transferable deposits 313.1 -174.2 148.9 -257.6 6.7 69.6 60.8 109.9 42

43 FA313030003 Time and savings deposits -1.3 0.3 0.1 -0.3 0.2 -0.5 0.2 0.0 43

44 FA313091105 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 44

45 FA314022005 Debt securities 54.4 142.5 -46.9 -118.2 -31.3 -0.1 -0.0 -0.0 45

46 FA313061703 Agency- and GSE-backed securities 54.4 142.0 -47.2 -118.1 -31.1 0.0 0.0 0.0 46

47 FA313063763 Corporate and foreign bonds 0.0 0.6 0.3 -0.1 -0.2 -0.1 -0.0 -0.0 47

48 FA314023005 Loans 39.0 176.3 129.3 139.0 131.6 124.4 114.5 105.6 48

49 FA314041005 Short term 25.6 163.7 134.8 135.7 129.9 120.5 112.7 106.3 49

50 FA313066220 Consumer credit 19.5 97.5 131.1 131.0 127.5 113.3 110.7 103.4 50

51 FA313069005 Other loans and advances 6.1 66.2 3.6 4.8 2.4 7.2 2.0 2.9 51

52 FA313065005 Long term (mortgages) 13.5 12.6 -5.4 3.3 1.6 4.0 1.7 -0.7 52

53 FA313081115 Equity and investment fund shares 257.7 3.4 30.4 43.4 -14.2 -4.4 0.7 2.2 53

54 FA313064105 Corporate equities 256.3 0.6 24.1 40.3 -13.2 -4.8 -1.6 -0.0 54

55 FA313092803 Equity in international organizations 1.4 1.7 2.3 2.6 2.4 2.2 2.3 2.2 55

56 FA313092403 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 FA313094303 Equity investment under Public-Private Inv. Program 0.0 1.2 4.0 0.5 -3.4 -1.8 0.0 0.0 57
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2008 2009 2010 2011 2012 2013 2014 2015

 

58 FA313096005 Other accounts receivable -87.4 47.1 16.5 29.1 21.2 31.8 0.5 41.1 58

59 FA313070000 Trade receivables 4.2 -21.1 -0.7 4.8 2.6 3.3 -5.2 12.7 59

60 FA313078005 Taxes receivable -62.2 35.9 27.1 25.6 22.0 24.9 -4.5 16.2 60

61 FA313093003 Other (miscellaneous assets) -29.4 32.3 -9.8 -1.3 -3.5 3.7 10.2 12.2 61

62 FA314190005 Net incurrence of liabilities 1369.0 1536.0 1696.7 1201.7 1249.7 878.9 771.2 766.9 62

63 FA313111303 SDR allocations 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 63

64 FA314100005 Currency and deposits -0.8 -0.4 -0.3 0.0 0.0 -0.4 -0.3 -0.0 64

65 FA314122005 Debt securities 1302.5 1505.8 1645.9 1138.7 1180.6 857.3 735.9 724.6 65

66 FA313161105 Treasury securities 1302.3 1505.7 1645.3 1137.6 1181.0 857.7 736.0 724.4 66

67 FA313161705 Federal agency securities 0.2 0.1 0.7 1.1 -0.4 -0.4 -0.1 0.2 67

68 FA313165403 Loans (mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 68

69 FA313152005 Insurance, pension and standardized guarantee schemes 45.1 33.2 43.5 40.6 64.0 2.7 33.3 26.0 69

70 FA313140003 Insurance reserves 1.0 1.1 0.9 1.3 0.3 0.2 0.8 -0.1 70

71 FA313195105 Retiree Health Care Funds 26.5 16.6 22.5 18.5 13.3 12.2 10.4 7.4 71

72 FA343073005 Claims of pension fund on sponsor 17.6 15.6 20.2 20.8 50.4 -9.7 22.1 18.7 72

73 FA313196005 Other accounts payable 22.2 -50.3 7.6 22.4 5.1 19.2 2.3 16.4 73

74 FA713014003 SDR certificates 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 74

75 FA313170005 Trade payables 22.6 -56.2 5.2 8.8 13.4 17.9 -0.7 12.8 75

76 FA313193005 Other (miscellaneous liabilities) -0.3 2.9 2.4 13.6 -8.3 1.3 3.0 3.5 76

 Addendum:

77 FA315000005 Net lending (+) or borrowing (-), financial account (lines 35-62) -789.1 -1288.6 -1416.9 -1350.0 -1131.2 -661.2 -598.4 -514.6 77

 Other changes in volume account

78 FV318090185 Total other volume changes 86.7 131.1 -31.0 48.2 41.3 24.9 76.3 103.3 78

79 FV312010095 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 79

80 FV318090085 Other volume changes 95.2 -56.0 -122.8 1.2 -20.9 -13.9 14.5 37.8 80

81 FU317005045 Less: Statistical discrepancy (lines 33-77) (2) 8.5 -187.1 -91.8 -47.1 -62.2 -38.8 -61.8 -65.5 81

 Revaluation account

82 FR312010095 Nonfinancial assets 69.0 -36.0 61.3 69.3 50.0 79.4 60.7 8.8 82

83 FR315014665 Structures 44.0 -48.4 18.1 49.4 36.2 50.0 40.0 7.0 83

84 FR315013265 Equipment 11.8 8.6 5.0 12.2 2.0 3.7 9.1 -3.5 84

85 FR315013765 Intellectual property products 13.2 3.8 38.2 7.7 11.9 25.8 11.5 5.4 85

86 FR318080005 Financial assets -67.9 -121.6 -43.7 -32.1 -4.7 0.1 -5.0 -3.3 86

87 FR313011105 Monetary gold and SDRs -0.2 0.2 -1.0 -0.1 0.1 0.1 -3.3 -2.3 87

88 FR314000005 Currency and deposits -0.0 0.3 -0.2 -0.5 0.0 0.0 -1.7 -1.1 88

89 FR313064105 Corporate equities -67.7 -121.9 -41.5 -32.4 -4.7 0.0 0.0 0.0 89

90 FR313094303 Equity investment under Public-Private Inv. Program 0.0 -0.3 -1.0 0.9 -0.0 0.0 0.0 0.0 90

91 FR313111303 Liabilities -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 -2.2 91

92 FR313111303 SDR allocations -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 -2.2 92

93 FR318200005 Changes in net worth due to nominal holding gains/losses 1.2 -157.9 18.5 37.4 45.3 79.4 58.9 7.7 93

 Changes in balance sheet account

94 FC312090095 Change in net worth (lines 29+33+78+93) -663.6 -1461.9 -1467.5 -1272.4 -1088.5 -597.6 -536.1 -510.2 94

 Balance sheet account (end of period)

95 FL312000095 Total assets 4121.6 4238.8 4577.3 4489.0 4656.9 4934.5 5161.3 5408.5 95

96 FL312010095 Nonfinancial assets (3) 2829.2 2842.1 2957.5 3066.8 3137.2 3217.1 3269.3 3268.0 96

97 FL315014665 Structures 1369.8 1326.1 1352.5 1406.9 1439.8 1481.4 1511.6 1508.2 97

98 FL315013265 Equipment 616.2 649.8 680.9 711.0 726.6 734.4 745.7 743.3 98

99 FL315013765 Intellectual property products 843.2 866.2 924.1 948.9 970.8 1001.3 1012.0 1016.4 99

100 FL314090005 Financial assets 1292.4 1396.7 1619.8 1422.2 1519.7 1717.5 1892.0 2140.5 100

101 FL313011105 Monetary gold and SDRs 9.3 57.8 56.8 55.0 55.1 55.2 51.9 49.7 101

102 FL313011205 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 102

103 FL313011303 SDR holdings 9.3 57.8 56.8 55.0 55.1 55.2 51.9 49.7 103
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2008 2009 2010 2011 2012 2013 2014 2015

 

104 FL314000005 Currency and deposits 404.8 234.9 385.2 144.8 155.9 221.8 277.2 379.7 104

105 FL313011505 Official foreign currencies 23.4 25.0 25.7 25.6 24.7 23.6 20.7 19.5 105

106 FL313011405 Reserve position in IMF (net) 7.8 11.5 12.6 30.3 34.4 31.0 25.3 17.7 106

107 FL313020005 Currency and transferable deposits 369.4 193.9 342.3 84.6 92.2 163.0 226.8 338.1 107

108 FL313030003 Time and savings deposits 1.6 1.9 2.0 1.7 2.0 1.5 1.7 1.8 108

109 FL313091105 Nonofficial foreign currencies 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 109

110 FL314022005 Debt securities 54.4 197.0 150.1 31.9 0.6 0.6 0.5 0.5 110

111 FL313061703 Agency- and GSE-backed securities 54.4 196.4 149.2 31.1 0.0 0.0 0.0 0.0 111

112 FL313063763 Corporate and foreign bonds 0.0 0.6 0.9 0.8 0.6 0.6 0.5 0.5 112

113 FL314023005 Loans 340.1 516.4 649.3 788.4 919.9 1044.3 1158.8 1264.4 113

114 FL314041005 Short term 244.3 408.0 542.7 678.5 808.4 928.9 1041.6 1147.9 114

115 FL313066220 Consumer credit 135.2 232.7 363.8 494.8 622.2 735.5 846.2 949.7 115

116 FL313069005 Other loans and advances 109.1 175.3 179.0 183.7 186.2 193.4 195.4 198.2 116

117 FL313065005 Long term (mortgages) 95.8 108.4 106.6 109.9 111.5 115.5 117.2 116.5 117

118 FL313081115 Equity and investment fund shares 237.5 118.7 106.6 118.4 99.5 95.1 95.8 98.0 118

119 LM313064105 Corporate equities 188.7 67.4 49.9 57.8 39.9 35.1 33.4 33.4 119

120 FL313092803 Equity in international organizations 48.8 50.5 52.8 55.4 57.8 60.0 62.4 64.6 120

121 FL313092403 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 121

122 FL313094303 Equity investment under Public-Private Inv. Program 0.0 0.9 3.8 5.2 1.8 0.0 0.0 0.0 122

123 FL313096005 Other accounts receivable 246.2 271.8 271.7 283.7 288.7 300.5 307.7 348.3 123

124 FL313070000 Trade receivables 64.7 43.6 42.9 47.7 50.3 53.6 48.4 61.2 124

125 FL313078005 Taxes receivable 119.4 133.9 144.3 152.8 158.6 163.4 165.6 181.3 125

126 FL313093003 Other (miscellaneous assets) 62.0 94.3 84.5 83.2 79.8 83.4 93.6 105.8 126

127 FL312000095 Total liabilities and net worth 4121.6 4238.8 4577.3 4489.0 4656.9 4934.5 5161.3 5408.5 127

128 FL314190005 Liabilities 9424.6 11003.7 12809.7 13993.9 15250.2 16125.5 16888.4 17645.7 128

129 FL313111303 SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 51.2 48.9 129

130 FL314100005 Currency and deposits 26.6 26.2 25.9 25.9 25.9 25.6 25.3 25.3 130

131 FL314122005 Debt securities 7376.8 8882.6 10528.6 11667.3 12847.8 13705.1 14441.1 15165.6 131

132 FL313161105 Treasury securities 7353.5 8859.2 10504.4 11642.0 12822.9 13680.6 14416.7 15141.1 132

133 FL313161705 Federal agency securities 23.3 23.5 24.2 25.3 24.9 24.5 24.4 24.6 133

134 FL313165403 Loans (mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 134

135 FL313152005 Insurance, pension and standardized guarantee schemes 1746.4 1825.8 1982.4 2019.6 2082.4 2083.1 2114.8 2137.5 135

136 FL313140003 Insurance reserves 46.7 47.8 48.7 50.0 50.3 50.5 51.3 51.1 136

137 FL313195105 Retiree Health Care Funds 163.8 180.4 202.9 221.4 234.8 246.9 257.3 264.7 137

138 FL343073005 Claims of pension fund on sponsor 1535.8 1597.6 1730.8 1748.2 1797.3 1785.7 1806.2 1821.7 138

139 FL313196005 Other accounts payable 267.2 213.7 218.5 226.9 239.8 257.3 256.0 268.3 139

140 FL713014003 SDR certificates 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 140

141 FL313170005 Trade payables 260.7 204.5 209.7 218.5 231.9 249.8 249.1 261.9 141

142 FL313193013 Other (miscellaneous liabilities) 4.3 4.0 3.6 3.2 2.8 2.3 1.8 1.2 142

143 FL312090095 Net worth -5303.0 -6764.9 -8232.5 -9504.9 -10593.3 -11190.9 -11727.1 -12237.2 143

Note. The Federal government accounts exclude Federal employee retirement funds.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.

IMF International Monetary Fund

SDRs Special Drawing Rights
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Billions of dollars

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 Current account

 1 FA206902505 Gross value added 1385.2 1419.4 1454.2 1471.4 1496.5 1532.0 1575.3 1627.0 1

 2 FA206300003 Less: Consumption of fixed capital 200.2 208.2 212.7 222.2 231.9 238.5 246.1 251.0 2

 3 FA206902605 Equals: Net value added 1185.0 1211.3 1241.5 1249.2 1264.6 1293.5 1329.2 1376.0 3

 4 FA206025001 Compensation of employees (paid) 1207.1 1232.6 1261.3 1266.5 1275.0 1303.3 1341.2 1387.4 4

 5 FA206020001 Wages and salaries 847.4 862.9 862.6 863.1 870.6 887.6 912.7 944.9 5

 6 FA206401005 Employers’ social contributions 359.7 369.7 398.7 403.5 404.4 415.8 428.5 442.5 6

 7 FA206402101 Operating surplus, net -22.0 -21.4 -19.8 -17.4 -10.4 -9.8 -11.9 -11.4 7

 8 FA206140005 Net national income/Balance of primary incomes, net 901.6 811.0 829.5 864.6 880.3 914.5 957.9 980.8 8

 9 FA206402101 Operating surplus, net -22.0 -21.4 -19.8 -17.4 -10.4 -9.8 -11.9 -11.4 9

10 FA206240001 Taxes on production and imports, receivable 947.9 934.8 960.4 994.0 1016.9 1050.1 1075.7 1098.3 10

11 FA206402015 Subsidies (paid) -3.0 -1.4 -1.6 -0.5 -0.5 -0.5 -0.5 -0.5 11

12 FA206150195 Property income (received) 105.7 87.8 82.6 79.2 75.4 75.4 77.2 79.6 12

13 FA206130101 Interest 91.0 74.4 69.1 64.8 59.8 58.9 59.6 60.7 13

14 FA206121101 Distributed income of corporations (dividends) 2.6 2.1 2.3 2.6 3.3 3.6 3.8 4.2 14

15 FA206112101 Rents on land and natural resources 12.1 11.2 11.2 11.7 12.3 12.9 13.9 14.7 15

16 FA206130095 Less: Uses of property income (interest paid) 127.0 188.8 192.1 190.7 201.2 200.7 182.6 185.2 16

17 FA206140005 Net national income/Balance of primary incomes, net 901.6 811.0 829.5 864.6 880.3 914.5 957.9 980.8 17

18 FA206220005 Plus: Current taxes on income, wealth, etc. (received) 381.0 333.4 345.3 374.3 399.2 431.3 443.2 466.4 18

19 FA206601001 Plus: Social benefits (received) 18.7 18.6 18.1 18.2 18.0 18.5 19.1 19.0 19

20 FA206404001 Less: Social contributions (paid) 455.4 492.6 523.8 530.4 540.0 563.4 612.9 666.0 20

21 FA206403105 Plus: Other current transfers (received) 477.8 566.1 612.0 582.1 558.0 571.3 624.5 679.6 21

22 FA206403001 Less: Other current transfers (paid) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 FA206012005 Equals: Disposable income, net 1323.7 1236.4 1281.0 1308.9 1315.5 1372.2 1431.8 1479.9 23

24 FA206901001 Less: Final consumption expenditures 1488.7 1508.4 1518.3 1524.8 1536.3 1562.7 1601.6 1641.2 24

25 FA206006095 Equals: Net saving -165.1 -271.9 -237.3 -215.9 -220.8 -190.5 -169.8 -161.3 25

 Capital account

26 FA206006395 Net saving less capital transfers -101.8 -204.2 -160.6 -142.1 -146.6 -118.9 -98.9 -92.0 26

27 FA206006095 Net saving -165.1 -271.9 -237.3 -215.9 -220.8 -190.5 -169.8 -161.3 27

28 FA205440005 Less: Capital transfers paid (net) -63.2 -67.7 -76.7 -73.8 -74.2 -71.6 -70.9 -69.3 28

29 FA205050905 Capital formation, net 172.5 167.2 149.7 127.6 107.0 94.4 94.4 110.3 29

 Gross fixed capital formation (acquisition of

30 FA205019001 produced nonfinancial assets) 358.8 363.0 351.9 340.5 329.7 323.9 331.6 352.2 30

31 FA206300003 Less: Consumption of fixed capital 200.2 208.2 212.7 222.2 231.9 238.5 246.1 251.0 31

32 FA205420003 Acquisition of nonproduced nonfinancial assets 13.8 12.3 10.6 9.2 9.1 9.0 8.9 9.2 32

33 FA205000995 Net lending (+) or borrowing (-), capital account (lines 26-29) -274.3 -371.4 -310.3 -269.6 -253.6 -213.3 -193.3 -202.3 33

 Financial account

34 FA205000995 Net lending (+) or borrowing (-) (line 33) -274.3 -371.4 -310.3 -269.6 -253.6 -213.3 -193.3 -202.3 34

35 FA214090005 Net acquisition of financial assets -107.6 32.0 77.3 -26.8 72.1 -22.8 88.4 95.7 35

36 FA214000005 Currency and deposits 26.4 29.7 -0.3 32.6 13.1 25.2 24.9 4.8 36

37 FA213020005 Currency and transferable deposits 8.4 19.3 5.7 16.8 -8.8 7.1 16.0 -8.8 37

38 FA213030005 Time and savings deposits 18.0 10.4 -6.0 15.8 21.9 18.1 8.9 13.6 38

39 FA214022005 Debt securities -94.7 -32.0 55.4 -60.9 21.3 -63.8 19.5 28.1 39

40 FA213069103 Open market paper -22.4 -38.0 13.2 -12.0 -7.5 -9.8 -7.1 -3.0 40

41 FA213061105 Treasury securities -47.3 -14.0 8.4 -33.9 44.6 -20.0 36.5 43.2 41

42 FA213061703 Agency- and GSE-backed securities (1) -19.5 14.2 24.4 -13.3 -18.7 -32.0 -14.8 -22.4 42

43 FA213062003 Municipal securities 0.4 1.1 1.4 0.2 0.2 -0.1 0.4 0.8 43

44 FA213063003 Corporate and foreign bonds -6.0 4.7 8.0 -2.0 2.7 -1.8 4.6 9.5 44

45 FA214035005 Loans -17.1 7.1 12.8 -4.4 9.7 -0.2 12.2 22.3 45

46 FA212051003 Short term -12.4 -3.1 -1.0 -4.6 4.3 0.9 5.8 9.9 46

47 FA213065005 Long term (mortgages) -4.7 10.2 13.8 0.1 5.4 -1.1 6.3 12.4 47

48 FA213081005 Equity and investment fund shares -6.5 11.5 17.4 -1.1 7.1 -0.9 10.5 19.4 48

49 FA213034003 Money market fund shares 2.4 11.0 14.4 2.3 4.8 0.5 6.7 11.7 49

50 FA213064103 Corporate equities -8.1 -1.5 0.1 -3.3 1.5 -1.0 2.5 5.1 50

51 FA213064203 Mutual fund shares -0.8 2.0 3.0 -0.1 0.8 -0.5 1.3 2.6 51

52 FA213096005 Other accounts receivable -15.6 15.7 -8.0 7.0 20.9 16.9 21.3 21.1 52

53 FA213070003 Trade receivables -15.4 -4.6 13.1 5.6 5.3 9.5 10.1 0.9 53

54 FA213078005 Taxes receivable 5.2 -5.8 1.0 2.4 9.5 4.1 3.7 9.0 54

55 FA213093003 Other (miscellaneous assets) -5.5 26.1 -22.1 -1.0 6.1 3.4 7.5 11.2 55
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56 FA214190005 Net incurrence of liabilities 258.5 480.4 360.8 308.4 344.4 226.7 265.2 306.5 56

57 FA213162005 Debt securities (municipals) 33.7 126.9 72.4 -48.7 -6.4 -56.8 -35.2 10.2 57

58 FA213162400 Short term 4.8 7.9 -0.9 -10.6 3.8 -10.9 -6.4 -6.1 58

59 FA213162200 Other 28.9 119.0 73.2 -38.0 -10.2 -45.9 -28.8 16.3 59

60 FA213169203 Loans (short term) 0.8 0.8 0.9 0.9 0.4 0.5 0.4 0.3 60

61 FA223073045 Insurance, pension and standardized guarantee schemes 185.3 313.8 249.1 317.8 312.3 244.9 261.1 256.0 61

 (Claim of pension funds on sponsor)

62 FA213170003 Other accounts payable (trade payables) 38.6 38.9 38.5 38.4 38.1 38.2 38.9 40.1 62

 Addendum:

63 FA215000005 Net lending (+) or borrowing (-), financial account (lines 35-56) -366.1 -448.4 -283.5 -335.2 -272.3 -249.6 -176.8 -210.9 63

 Other changes in volume account

64 FV218090185 Total other volume changes -961.5 321.9 38.5 -70.9 260.7 551.0 211.4 -86.4 64

65 FV212010095 Disaster losses 0.0 0.0 0.0 0.0 -7.6 0.0 0.0 0.0 65

66 FV218090085 Other volume changes -869.7 399.0 11.7 -5.4 287.1 587.2 194.8 -77.9 66

67 FU217005045 Less: Statistical discrepancy (lines 33-63) (2) 91.8 77.1 -26.8 65.5 18.7 36.3 -16.6 8.6 67

 Revaluation account

68 FR212010095 Nonfinancial assets 411.4 -105.1 175.7 392.7 225.9 240.2 173.2 65.5 68

69 FR215014665 Structures 403.0 -104.3 171.9 389.2 222.6 236.6 170.1 63.1 69

70 FR215013265 Equipment 6.6 -1.1 2.4 1.6 1.9 1.7 2.9 0.8 70

71 FR215013765 Intellectual property products 1.8 0.3 1.4 1.9 1.4 1.8 0.2 1.6 71

72 FR213081005 Equity and investment fund shares -61.0 33.4 21.6 1.9 18.5 37.5 13.6 -1.3 72

73 FR218200005 Changes in net worth due to nominal holding gains/losses 350.5 -71.7 197.4 394.6 244.4 277.7 186.8 64.2 73

 Changes in balance sheet account

74 FC212090095 Change in net worth (lines 29+33+64+73) -712.9 46.0 75.3 181.6 358.5 709.7 299.2 -114.2 74

 Balance sheet account (end of period)

75 FL212000095 Total assets 10812.7 10924.2 11334.4 11818.1 12233.8 12571.4 12941.1 13205.8 75

76 FL212010095 Nonfinancial assets (3) 8193.3 8243.0 8557.5 9068.6 9384.7 9710.3 9969.0 10135.7 76

77 FL215014665 Structures 7863.3 7903.6 8207.7 8711.9 9022.9 9341.5 9594.3 9755.8 77

78 FL215013265 Equipment 236.4 240.9 245.4 246.5 246.7 247.7 249.5 249.5 78

79 FL215013765 Intellectual property products 93.6 98.5 104.4 110.2 115.2 121.2 125.2 130.4 79

80 FL214090005 Financial assets 2619.4 2681.2 2776.8 2749.5 2849.1 2861.0 2972.0 3070.1 80

81 FL214000005 Currency and deposits 318.5 348.2 348.0 380.5 412.7 437.9 462.8 467.6 81

82 FL213020005 Currency and transferable deposits 79.9 99.2 104.9 121.6 118.2 125.3 141.3 132.5 82

83 FL213030005 Time and savings deposits 238.7 249.1 243.1 258.9 294.5 312.6 321.5 335.1 83

84 FL214022005 Debt securities 1371.1 1339.1 1394.5 1333.5 1354.9 1291.1 1310.6 1338.7 84

85 FL213069103 Open market paper 127.6 89.6 102.8 90.7 83.2 73.4 66.3 63.3 85

86 FL213061105 Treasury securities 601.6 587.6 596.0 562.2 606.7 586.7 623.1 666.4 86

87 FL213061703 Agency- and GSE-backed securities (1) 478.6 492.8 517.1 503.9 485.2 453.2 438.4 416.0 87

88 FL213062003 Municipal securities 10.4 11.5 12.9 13.2 13.4 13.3 13.6 14.4 88

89 FL213063003 Corporate and foreign bonds 152.9 157.6 165.6 163.6 166.4 164.6 169.2 178.7 89

90 FL214035005 Loans 317.2 320.8 330.6 324.0 331.7 330.4 341.9 363.6 90

91 FL212051003 Short term 129.8 126.7 125.8 121.2 125.5 126.4 132.2 142.1 91

92 FL213065005 Long term (mortgages) 187.4 194.1 204.8 202.8 206.2 204.0 209.7 221.5 92

93 FL213081005 Equity and investment fund shares 252.9 297.9 336.9 337.7 363.2 399.8 423.8 441.9 93

94 FL213034003 Money market fund shares 125.8 136.8 151.2 153.5 158.4 158.9 165.6 177.4 94

95 LM213064103 Corporate equities 90.9 112.4 127.0 125.0 138.6 162.4 173.8 178.0 95

96 LM213064203 Mutual fund shares 36.2 48.7 58.8 59.2 66.2 78.5 84.4 86.5 96

97 FL213096005 Other accounts receivable 359.6 375.2 366.9 373.7 386.5 401.9 432.9 458.4 97

98 FL213070003 Trade receivables 143.7 139.1 152.2 157.8 163.1 172.6 182.7 183.6 98

99 FL213078005 Taxes receivable 123.0 117.1 117.8 120.0 121.3 123.8 137.2 150.6 99

100 FL213093003 Other (miscellaneous assets) 92.9 119.0 96.9 95.9 102.1 105.4 112.9 124.1 100

101 FL212100005 Total liabilities and net worth 10812.7 10924.2 11334.4 11818.1 12233.8 12571.4 12941.1 13205.8 101

102 FL214190005 Liabilities 4890.0 4955.4 5290.3 5592.4 5649.7 5277.5 5347.9 5726.9 102
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103 FL213162005 Debt securities (municipals) 2952.8 3079.7 3152.1 3103.4 3097.0 3040.2 3004.9 3015.1 103

104 FL213162400 Short term 56.0 63.9 63.0 52.4 56.2 45.3 38.9 32.8 104

105 FL213162200 Other 2896.8 3015.8 3089.1 3051.0 3040.8 2994.8 2966.0 2982.3 105

106 FL213169203 Loans (short term) 12.7 13.5 14.4 15.3 15.7 16.2 16.6 16.9 106

107 FL223073045 Insurance, pension and standardized guarantee schemes 1332.8 1231.6 1454.8 1766.3 1791.5 1437.5 1503.9 1832.3 107

 (Claim of pension funds on sponsor)

108 FL213170003 Other accounts payable (trade payables) 591.6 630.5 669.0 707.4 745.5 783.6 822.5 862.7 108

109 FL212090095 Net worth 5922.7 5968.8 6044.1 6225.7 6584.2 7293.9 7593.1 7478.9 109

Note. The state and local government accounts exclude state and local employee retirement funds.

(1) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(2) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(3) Excludes land and nonproduced nonfinancial assets.
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 Current account

 1 FA266905095 Foreign income from U.S. 3482.0 2712.0 3115.5 3485.8 3582.1 3620.1 3774.6 3688.6 1

 2 FA266903001 U.S. imports of goods and services 2565.0 1983.2 2365.0 2686.4 2763.8 2768.6 2884.1 2786.3 2

 3 FA266904195 U.S. income payments to rest of world 684.9 497.8 514.1 546.0 563.9 581.3 604.0 607.4 3

 4 FA266400101 Current taxes and trans. payments to rest of world 232.0 231.0 236.4 253.4 254.3 270.2 286.5 294.9 4

 5 FA266900095 Less: Foreign outlays to U.S. 2790.3 2330.1 2669.6 3004.2 3113.9 3234.0 3372.9 3211.2 5

 6 FA266903011 U.S. exports of goods and services 1841.9 1587.7 1852.3 2106.4 2198.2 2276.6 2375.3 2264.3 6

 7 FA266904095 U.S. income receipts from rest of world 856.9 648.9 720.0 792.6 801.5 825.5 852.1 813.1 7

 8 FA266400201 Current taxes and trans. receipts from rest of world (1) 91.5 93.4 97.2 105.2 114.2 131.8 145.5 133.7 8

 9 FA266000095 Equals: Net saving (current external balance) 691.6 381.9 445.9 481.5 468.2 386.1 401.7 477.4 9

 Capital account

10 FA266000095 Net saving 691.6 381.9 445.9 481.5 468.2 386.1 401.7 477.4 10

11 FA265440005 Less: Net capital transfers 5.4 -0.6 -0.7 -1.6 6.5 -0.8 -0.4 -0.5 11

12 FA265420095 Less: Acquisition of nonproduced nonfinancial assets -0.0 0.0 -0.0 -0.0 -0.1 0.0 -0.0 0.0 12

13 FA265000905 Net lending (+) or borrowing (-), capital account (lines 10-11-12) 686.2 382.5 446.6 483.2 461.7 386.9 402.2 477.9 13

 Financial account

14 FA265000905 Net lending (+) or borrowing (-) (line 13) 686.2 382.5 446.6 483.2 461.7 386.9 402.2 477.9 14

15 FA264090005 Net acquisition of U.S. financial assets 666.8 201.0 1087.5 1049.7 861.2 1153.3 1180.9 421.0 15

16 FA263011005 Monetary gold and SDRs 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 16

17 FA263011205 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 FA313111303 SDR allocations 0.0 47.6 0.0 0.0 0.0 0.0 0.0 0.0 18

19 FA264000005 Currency and deposits 492.9 -284.3 -27.5 343.1 -30.1 414.9 167.9 -82.5 19

20 FA263025003 Currency 29.2 12.6 28.3 55.0 57.1 37.7 66.3 38.4 20

21 FA263027003 Transferable deposits 34.8 -21.8 1.2 26.8 11.0 13.2 16.5 -7.4 21

22 FA263030005 Time deposits 73.4 -73.3 4.9 47.3 37.8 51.8 54.1 -22.6 22

23 FA264016005 Net interbank items due from U.S. banks 355.4 -201.9 -61.8 213.9 -136.0 312.2 30.9 -90.8 23

24 FA264022005 Debt securities 404.7 160.4 639.4 203.6 495.9 553.6 532.0 434.5 24

25 FA263069103 Open market paper -59.0 -48.4 -10.7 0.7 0.1 -0.9 7.7 -2.5 25

26 FA263061105 Treasury securities 711.6 554.4 740.4 355.3 589.7 423.2 318.5 48.3 26

27 FA263061705 Agency- and GSE-backed securities (2) -231.9 -226.0 -66.6 -41.6 -73.6 -83.6 -8.1 22.1 27

28 FA263062003 Municipal securities 5.9 7.7 13.1 0.6 -0.6 4.5 4.3 6.9 28

29 FA263063005 Corporate bonds -21.8 -127.3 -36.8 -111.5 -19.7 210.4 209.6 359.7 29

30 FA264041005 Loans (short term) -674.3 -98.7 72.2 126.5 -59.5 29.9 136.5 -120.2 30

31 FA262051003 Security repurchases -629.7 -54.8 92.4 92.6 -7.2 34.1 105.6 -143.4 31

32 FA263069500 Loans to U.S. corporate business -44.7 -44.0 -20.2 33.9 -52.2 -4.2 30.9 23.2 32

33 FA263081005 Equity and investment fund shares 436.9 369.7 384.8 359.4 443.2 143.5 330.5 175.0 33

34 FA263034003 Money market fund shares 23.7 7.2 -7.1 4.6 22.6 11.3 5.1 1.3 34

35 FA263064105 Corporate equities 128.3 194.3 130.9 48.1 137.0 -57.5 116.6 -171.0 35

36 FA263064203 Mutual fund shares -25.2 17.8 55.2 70.7 79.5 -16.4 32.7 -8.5 36

37 FA263092001 Foreign direct investment in the United States 310.1 150.4 205.9 236.1 204.1 206.1 176.2 353.3 37

38 FA263070003 Other accounts receivable 6.7 6.3 18.6 17.1 11.6 11.5 14.0 14.2 38

39 FA264190005 Net incurrence of liabilities -98.4 173.0 819.3 633.0 393.9 763.7 815.4 341.7 39

40 FA313011303 SDR holdings 0.1 48.2 0.0 -1.8 0.0 0.0 0.0 0.0 40

41 FA264100005 Currency and deposits -326.3 -39.8 73.4 -197.3 -143.0 28.0 -121.5 -247.2 41

42 FA263111503 Official foreign currencies 1.3 0.7 0.5 -0.5 0.4 0.3 0.2 0.2 42

43 FA263111403 Reserve position in IMF (net) 3.5 3.4 1.3 18.1 4.0 -3.4 -3.8 -6.5 43

44 FA263191005 U.S. private deposits -331.0 -43.9 71.6 -215.0 -147.4 31.1 -117.9 -240.9 44

45 FA313091105 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 45

46 FA264122005 Debt securities -211.9 236.6 124.7 128.2 160.8 206.1 162.9 -43.2 46

47 FA263169105 Commercial paper -71.0 59.4 -2.7 -53.5 27.9 34.0 -21.4 59.3 47

48 FA263163005 Bonds -140.8 177.2 127.4 181.7 133.0 172.1 184.2 -102.4 48

49 FA264141005 Loans (short term) 160.5 -471.8 222.0 240.7 -18.9 -76.7 48.2 97.7 49

50 FA262151003 Security repurchases -382.8 86.0 207.9 96.4 36.0 -108.6 16.0 74.9 50

51 FA263169005 Other loans and advances -1.5 0.5 0.3 1.4 5.6 1.4 2.3 0.7 51

52 FA263168005 Depository institution loans n.e.c. 15.1 -14.8 24.0 43.2 30.4 39.1 28.6 22.7 52

53 FA713091103 Nonoff. foreign currencies (swap lines) 529.7 -543.5 -10.2 99.7 -90.9 -8.6 1.3 -0.5 53
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54 FA263181105 Equity and investment fund shares 282.8 399.3 393.1 459.2 394.2 596.6 731.7 536.1 54

55 FA263164103 Corporate equities -38.6 63.7 79.2 7.0 104.0 287.4 431.6 202.6 55

56 FA313092803 U.S. government equity in IBRD, etc. 1.4 1.7 2.3 2.6 2.4 2.2 2.3 2.2 56

57 FA263192005 U.S. direct investment abroad 329.1 310.4 301.1 419.1 339.3 323.8 312.3 322.5 57

58 FA263194735 Investment by holding companies -9.1 23.5 10.6 30.6 -51.5 -16.9 -14.6 8.8 58

59 FA263170003 Other accounts payable -3.7 0.5 6.0 4.0 0.7 9.8 -5.8 -1.7 59

 Addendum:

60 FA265000005 Net lending (+) or borrowing (-), financial account (lines 15-39) 765.2 28.0 268.2 416.7 467.3 389.6 365.5 79.3 60

 Other changes in volume account

61 FV268090185 Total other volume changes 69.8 -339.9 -179.9 -70.6 -0.1 6.8 -36.6 -398.6 61

62 FV268090085 Other volume changes -9.2 14.5 -1.5 -4.2 -5.7 4.1 0.0 0.0 62

63 FU267005005 Less: Statistical discrepancy (lines 13-60) (3) -79.0 354.4 178.4 66.5 -5.6 -2.7 36.6 398.6 63

 Revaluation account

64 FR264090005 Financial assets -1633.9 480.9 604.3 167.2 569.1 1008.8 695.5 -619.4 64

65 FR263011005 Monetary gold and SDRs -0.2 0.2 -1.0 -0.2 0.1 0.1 -3.2 -2.2 65

66 FR264000005 Currency and deposits 0.0 0.0 4.2 0.1 -0.0 -0.0 -0.2 -0.3 66

67 FR264022005 Debt securities -148.8 64.0 132.3 293.5 120.2 -331.5 53.3 -248.0 67

68 FR263069103 Open market paper -1.8 0.1 -4.3 -0.2 -0.0 -0.6 -1.1 -1.4 68

69 FR263061105 Treasury securities 164.9 -136.8 47.9 190.3 -22.6 -202.6 44.9 -56.3 69

70 FR263061705 Agency- and GSE-backed securities 57.3 -26.2 12.4 23.9 -3.4 -33.2 24.0 -8.2 70

71 FR263063005 Corporate bonds -369.3 226.9 76.3 79.4 146.3 -95.0 -14.5 -182.2 71

72 FR263081005 Equity and investment fund shares -1484.6 416.3 468.7 -126.1 448.8 1336.3 645.9 -368.5 72

73 FR263064105 Corporate equities -1152.5 533.3 425.1 -59.7 418.8 1308.9 600.6 -228.3 73

74 FR263064203 Mutual fund shares -73.6 32.7 24.0 -5.4 45.6 73.0 23.0 -17.0 74

75 FR263092001 Foreign direct investment in the United States -258.6 -149.6 19.6 -61.0 -15.6 -45.6 22.3 -123.1 75

76 FR263070003 Other accounts receivable -0.3 0.3 0.1 -0.1 0.0 3.9 -0.3 -0.3 76

77 FR264194005 Liabilities -2788.6 1381.3 797.1 -709.0 940.2 611.3 -164.9 -390.6 77

78 FR313011303 SDR holdings -0.2 0.2 -1.0 -0.1 0.1 0.1 -3.3 -2.3 78

79 FR264100005 Currency and deposits 0.2 -0.0 -25.2 -22.7 -1.8 -2.6 -12.9 -4.6 79

80 FR263111503 Official foreign currencies 2.5 0.3 1.1 0.3 -2.3 -2.6 -5.9 -2.8 80

81 FR263111403 Reserve position in IMF (net) -0.0 0.3 -0.2 -0.5 0.0 0.0 -1.7 -1.1 81

82 FR263191005 U.S. private deposits -2.3 -0.7 -26.1 -22.5 0.5 -0.0 -5.2 -0.6 82

83 FR263191103 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 83

84 FR263163005 Debt securities (corporate bonds) -193.7 179.3 102.5 54.2 146.6 -122.7 54.6 -106.4 84

85 FR263169205 Loans (other loans and advances) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85

86 FR263181105 Equity and investment fund shares -2594.7 1201.6 720.9 -740.4 795.4 736.6 -202.9 -276.8 86

87 FR263164103 Corporate equities -2461.0 1183.2 825.8 -647.3 716.4 863.6 -133.9 -145.0 87

88 FR263192005 U.S. direct investment abroad -133.7 18.5 -104.9 -93.1 79.0 -127.0 -69.0 -131.8 88

89 FR263170003 Other accounts payable -0.3 0.1 -0.0 0.0 -0.1 -0.1 -0.5 -0.6 89

90 FR265000005 Changes in net worth due to nominal holding gains/losses 1154.7 -900.5 -192.9 876.2 -371.0 397.6 860.4 -228.7 90

 Changes in balance sheet account

91 FC262090095 Change in net worth (lines 13+61+90) 1910.8 -857.9 73.9 1288.7 90.5 791.3 1226.0 -149.4 91

 Financial balance sheet account (end of period) (4)

92 FL264090005 Total financial assets 13699.4 14362.3 16054.1 17513.0 18943.2 21097.5 22973.9 22775.5 92

93 FL313111303 SDR allocations 7.5 55.4 54.4 54.2 54.3 54.4 51.2 48.9 93

94 FL264000005 Currency and deposits 1030.4 746.1 722.8 1066.0 1035.9 1450.7 1618.4 1535.5 94

95 FL263025003 Currency 301.1 313.8 342.1 397.1 454.2 491.9 558.2 596.6 95

96 FL263027003 Transferable deposits 69.0 47.2 48.4 75.2 86.2 99.4 115.9 108.5 96

97 FL263030005 Time deposits 372.4 299.2 308.2 355.6 393.4 445.1 499.1 476.1 97

98 FL264016005 Net interbank items due from U.S. banks 287.9 86.0 24.2 238.1 102.1 414.2 445.2 354.4 98
Inte

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184 Z.1, September 16, 2016

S.9.a Rest of the World 

Billions of dollars

2008 2009 2010 2011 2012 2013 2014 2015

 

99 FL264022005 Debt securities 7255.5 7479.9 8251.6 8748.7 9364.8 9586.9 10172.2 10358.7 99

100 LM263069103 Open market paper 165.5 117.2 102.1 102.7 102.8 101.3 107.9 104.1 100

101 LM263061105 Treasury securities 3253.0 3670.6 4458.8 5004.4 5571.5 5792.6 6156.0 6148.1 101

102 LM263061705 Agency- and GSE-backed securities (2) 1402.2 1150.0 1095.8 1078.2 1001.2 883.8 899.6 913.5 102

103 FL263062003 Municipal securities 51.0 58.7 71.7 72.4 71.8 76.2 80.6 87.5 103

104 LM263063005 Corporate bonds 2383.9 2483.5 2523.1 2491.0 2617.6 2732.9 2928.0 3105.5 104

105 FL264041005 Loans (short term) 789.6 671.9 744.0 874.6 815.2 845.1 981.6 861.4 105

106 FL262051003 Security repurchases 563.2 489.4 581.8 678.5 671.3 705.4 811.0 667.6 106

107 FL263069500 Loans to U.S. corporate business 226.4 182.5 162.3 196.1 143.9 139.7 170.6 193.9 107

108 FL263081005 Equity and investment fund shares 4529.8 5315.9 6169.4 6640.6 7532.6 9012.4 9988.8 9795.3 108

109 FL263034003 Money market fund shares 69.7 76.9 69.8 74.4 96.9 108.2 113.2 114.5 109

110 LM263064105 Corporate equities 1929.9 2657.4 3213.5 3397.2 3953.0 5204.4 5921.5 5522.2 110

111 LM263064203 Mutual fund shares 132.9 183.4 262.5 370.4 495.4 552.0 607.8 582.2 111

112 FL263092001 Foreign direct investment in the United States 2397.4 2398.2 2623.6 2798.7 2987.3 3147.8 3346.3 3576.4 112

113 FL263070003 Other accounts receivable 86.5 93.1 111.8 128.8 140.5 148.0 161.7 175.6 113

114 FL262100005 Total liabilities and net worth 13699.4 14362.3 16054.1 17513.0 18943.2 21097.5 22973.9 22775.5 114

115 FL264194005 Total liabilities 10624.0 12144.8 13762.7 13932.9 15272.6 16635.6 17286.0 17237.1 115

116 FL313011303 SDR holdings 9.3 57.8 56.8 55.0 55.1 55.2 51.9 49.7 116

117 FL264100005 Currency and deposits 1362.5 1322.7 1370.8 1150.8 1006.0 1031.4 897.0 645.2 117

118 FL263111503 Official foreign currencies 49.3 50.2 51.8 51.6 49.7 47.4 41.8 39.1 118

119 FL263111403 Reserve position in IMF (net) 7.7 11.4 12.5 30.1 34.2 30.8 25.2 17.6 119

120 FL263191005 U.S. private deposits 1302.9 1258.4 1303.9 1066.4 919.5 950.6 827.4 585.9 120

121 FL313091105 Nonofficial foreign currencies 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 121

122 FL264122005 Debt securities 1433.2 1849.1 2076.3 2258.7 2566.1 2649.5 2866.9 2717.3 122

123 FL263169105 Commercial paper 342.0 401.3 398.6 345.1 373.0 407.0 385.6 444.8 123

124 LM263163005 Bonds 1091.2 1447.8 1677.6 1913.6 2193.1 2242.5 2481.4 2272.5 124

125 FL264141005 Loans (short term) 1127.2 621.9 845.4 1090.7 1077.5 1000.8 1048.9 1146.7 125

126 FL262151003 Security repurchases 402.3 454.8 663.7 764.7 800.7 692.2 708.2 783.0 126

127 FL263169005 Other loans and advances 18.9 19.3 19.6 21.0 30.2 31.6 33.9 34.6 127

128 FL263168005 Depository institution loans n.e.c. 152.4 137.5 162.0 205.2 237.7 276.7 305.3 328.0 128

129 FL713091103 Nonoff. foreign currencies (swap lines) 553.7 10.3 0.1 99.8 8.9 0.3 1.5 1.0 129

130 FL263181105 Equity and investment fund shares 6647.3 8248.2 9362.3 9322.6 10512.2 11845.4 12374.2 12633.5 130

131 LM263164103 Corporate equities 2748.4 3995.3 4900.2 4501.4 5321.9 6472.9 6770.6 6828.2 131

132 FL313092803 U.S. government equity in IBRD, etc. 48.8 50.5 52.8 55.4 57.8 60.0 62.4 64.6 132

133 FL263192005 U.S. direct investment abroad 3748.5 4077.4 4273.6 4599.5 5017.8 5214.6 5457.9 5648.6 133

134 FL263194735 Investment by holding companies 101.5 125.1 135.6 166.3 114.7 97.9 83.3 92.1 134

135 FL263170003 Other accounts payable 44.4 45.1 51.1 55.1 55.7 53.4 47.0 44.7 135

136 FL262090095 Net worth (external account) 3075.4 2217.5 2291.3 3580.1 3670.6 4461.9 5687.8 5538.4 136

(1) Prior to 1999, current taxes, contributions for government social insurance, and transfer receipts from the rest of the world (line 8) are not separately displayed, and line 4 includes

 current taxes and transfer payments to the rest of the world net of current taxes, contributions for government social insurance, and transfer receipts from the rest of the world.

(2) Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System,

 the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the fourth quarter of 2004.

(3) The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy

 reflects differences in source data, timing of recorded flows, and other statistical differences between the capital and financial accounts.

(4) Excludes nonfinancial assets, including nonproduced nonfinancial assets.

IBRD International Bank for Reconstruction and Development

IMF International Monetary Fund

SDRs Special Drawing Rights

n.e.c. Not elsewhere classified