F EDERAL RESERVE S TATISTICAL RELEASE

For use at 12:00 p.m., eastern time

December 9, 2013

Z.1

Financial Accounts 

of the United States

Flow of Funds, Balance Sheets,

and Integrated Macroeconomic Accounts

Historical Annual Tables

2005–2012

B OARD O F G OVERNORS O F THE F EDERAL R ESERVE S YSTEM

i

Title Table Page

Summaries

Total Credit Market Borrowing and Lending F.1 1

Credit Market Borrowing by Nonfinancial Sectors F.2 2

Credit Market Borrowing by Financial Sectors F.3 2

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

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

Credit Market Debt Outstanding L.1 4

Credit Market Debt Owed by Nonfinancial Sectors L.2 5

Credit Market Debt Owed by Financial Sectors L.3 5

Credit Market Debt, All Sectors, by Instrument L.4 6

Total Liabilities and Its Relation to Total Financial Assets L.5 6

Distribution of Gross Domestic Product F.6 7

Distribution of National Income F.7 8

Saving and Investment F.8 9

Net Capital Transfers F.9 10

Derivation of Measures of Personal Saving F.10 11

Assets and Liabilities of the Personal Sector L.10 12

Title

Flows Levels

Table Page Table Page

Sectors

Households and Nonprofit Organizations F.100 13 L.100 61

Nonfinancial Business F.101 14 L.101 62

Nonfinancial Corporate Business F.102 15 L.102 63

Nonfinancial Noncorporate Business F.103 16 L.103 64

State and Local Governments F.104 17 L.104 65

Federal Government F.105 18 L.105 66

Rest of the World F.106 19 L.106 67

Financial Business F.107 20 L.107 68

Monetary Authority F.108 21 L.108 69

Private Depository Institutions F.109 22 L.109 70

U.S.-Chartered Depository Institutions, ex. Credit 

Unions F.110 23 L.110 71

List of Data Tables
ii

Sectors

Foreign Banking Offices in U.S. F.111 24 L.111 72

Banks in U.S.-Affiliated Areas F.112 25 L.112 73

Credit Unions F.113 25 L.113 73

Property-Casualty Insurance Companies F.114 26 L.114 74

Life Insurance Companies F.115 26 L.115 74

Private and Public Pension Funds F.116 27 L.116 75

Private Pension Funds F.117 28 L.117 76

State and Local Government Employee Retirement 

Funds F.118 29 L.118 77

Federal Government Employee Retirement Funds F.119 29 L.119 77

Money Market Mutual Funds F.120 30 L.120 78

Mutual Funds F.121 30 L.121 78

Closed-End and Exchange-Traded Funds F.122 30 L.122 78

Government-Sponsored Enterprises F.123 31 L.123 79

Agency- and GSE-Backed Mortgage Pools F.124 31 L.124 79

Issuers of Asset-Backed Securities F.125 32 L.125 80

Finance Companies F.126 32 L.126 80

Real Estate Investment Trusts F.127 33 L.127 81

Security Brokers and Dealers F.128 34 L.128 82

Holding Companies F.129 35 L.129 83

Funding Corporations F.130 36 L.130 84

Instruments

U.S. Official Reserve Assets and SDR Allocations F.200 37 L.200 85

Special Drawing Rights (SDRs) Certificates and Treasury 

Currency F.201 37 L.201 85

U.S. Deposits in Foreign Countries F.202 37 L.202 85

Net Interbank Transactions F.203 38 L.203 86

Checkable Deposits and Currency F.204 39 L.204 87

Time and Savings Deposits F.205 40 L.205 88

Money Market Mutual Fund Shares F.206 40 L.206 88

Federal Funds and Security Repurchase Agreements F.207 41 L.207 89

Open Market Paper F.208 42 L.208 90

Treasury Securities F.209 43 L.209 91

Agency- and GSE-Backed Securities F.210 44 L.210 92

Municipal Securities and Loans F.211 45 L.211 93
iii

Instruments

Corporate and Foreign Bonds F.212 46 L.212 94

Corporate Equities F.213 47 L.213 95

Mutual Fund Shares F.214 47 L.214 95

Depository Institution Loans Not Elsewhere Classified F.215 48 L.215 96

Other Loans and Advances F.216 49 L.216 97

Total Mortgages F.217 50 L.217 98

Home Mortgages F.218 51 L.218 99

Multifamily Residential Mortgages F.219 51 L.219 99

Commercial Mortgages F.220 52 L.220 100

Farm Mortgages F.221 52 L.221 100

Consumer Credit F.222 53 L.222 101

Trade Credit F.223 54 L.223 102

Security Credit F.224 54 L.224 102

Life Insurance Reserves F.225 55 L.225 103

Pension Entitlements F.226 55 L.226 103

Taxes Payable by Businesses F.227 55 L.227 103

Proprietors' Equity in Noncorporate Business F.228 55 L.228 103

Total Miscellaneous Financial Claims F.229 56 L.229 104

Identified Miscellaneous Financial Claims - Part I F.230 57 L.230 105

Identified Miscellaneous Financial Claims - Part II F.231 58 L.231 106

Unidentified Miscellaneous Financial Claims F.232 59 L.232 107

Sector Discrepancies F.11 60

Instrument Discrepancies F.12 60

Title

Balance Sheet Reconciliation

Table Page Table Page

Balance Sheet and Changes in Net Worth

Households and Nonprofit Organizations B.100 108 R.100 111

Nonfinancial Corporate Business B.102 109 R.102 112

Nonfarm Noncorporate Business B.103 110 R.103 113
iv

Title

Flows Levels

Table Page Table Page

Supplementary Tables

Balance Sheet of Households and Nonprofit 

Organizations with Equity Detail B.100.e 114

Consolidated Statement for Federal, State, and Local 

Governments F.105.c 115 L.105.c 116

Private Pension Funds: Defined Benefit Plans F.117.b 117 L.117.b 118

Private Pension Funds: Defined Contribution Plans F.117.c 117 L.117.c 118

Individual Retirement Accounts (IRAs) F.225.i 117 L.225.i 118

Equity Real Estate Investment Trusts F.127.e 119 L.127.e 120

Mortgage real Estate Investment Trusts F.127.m 119 L.127.m 120

Title Table Page

Integrated Macroeconomic Accounts for the United States

Total Economy–Current Account S.1.a 121

Selected Aggregates for Total Economy and Sectors S.2.a 122

Households and Nonprofit Institutions Serving Households S.3.a 124

Nonfinancial Noncorporate Business S.4.a 127

Nonfinancial Corporate Business S.5.a 130

Financial Business S.6.a 133

Federal Government S.7.a 136

State and Local Governments S.8.a 139

Rest of the World S.9.a 142
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Historical Annuals, 2005-2012, December 9, 2013 1

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Credit market borrowing 3576.6 4074.4 4571.5 2640.4 -530.6 590.0 1070.1 1614.1 1

 2 Domestic nonfinancial sectors 2347.0 2402.3 2581.9 1959.8 1070.0 1440.4 1376.1 1883.6 2

 3 Household sector 1184.9 1170.3 881.0 12.7 -231.2 -380.3 -186.5 28.5 3

 4 Nonfinancial corporate business 371.9 532.4 855.6 371.2 -147.0 203.0 527.0 646.1 4

 5 Nonfinancial noncorporate business 341.6 415.2 461.6 318.7 -108.7 -32.1 20.3 74.0 5

 6 State and local governments 141.7 100.9 146.7 17.9 113.0 69.5 -52.7 -5.3 6

 7 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 1140.2 7

 8 Rest of the world 115.8 335.7 175.6 -216.2 208.1 81.4 128.9 126.2 8

 9 Financial sectors 1113.8 1336.4 1813.9 896.8 -1808.7 -931.9 -434.9 -395.6 9

 10 U.S.-chartered depository institutions 54.1 43.9 222.5 -0.9 -292.2 -161.7 -73.9 -27.2 10

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

 12 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 12

 13 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 13

 14 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 -154.6 14

 15 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 15

 16 ABS issuers 731.7 796.7 350.3 -413.6 -737.0 -497.7 -246.9 -214.5 16

 17 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -174.9 -13.5 -56.7 17

 18 REITs 55.4 15.5 10.2 -53.8 -50.0 -2.1 28.2 42.9 18

 19 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 -37.9 -1.7 19

 20 Holding companies 50.1 75.0 151.9 97.3 -8.0 -16.5 -16.5 -97.7 20

 21 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.3 -52.4 -23.9 21

 22 Credit market lending 3576.6 4074.4 4571.5 2640.4 -530.6 590.0 1070.1 1614.1 22

 23 Domestic nonfinancial sectors 402.2 201.5 623.8 138.4 322.8 171.0 -219.7 80.0 23

 24 Household sector 179.1 84.4 529.2 188.3 47.7 16.3 -155.7 22.5 24

 25 Nonfinancial corporate business 42.4 -14.6 -75.9 -34.6 10.0 2.6 -6.7 8.7 25

 26 Nonfinancial noncorporate business 11.4 -0.1 10.0 -10.9 -6.7 6.6 1.0 1.2 26

 27 State and local governments 170.2 126.0 153.6 -97.8 -37.3 61.1 -77.4 -57.5 27

 28 Federal government -0.9 5.9 6.9 93.4 309.1 84.4 19.1 105.0 28

 29 Rest of the world 752.0 973.6 943.4 377.2 123.5 623.7 239.6 452.0 29

 30 Financial sectors 2422.3 2899.2 3004.4 2124.8 -976.9 -204.7 1050.2 1082.2 30

 31 Monetary authority 26.4 34.7 -38.3 245.4 1001.6 271.5 376.5 34.5 31

 32 U.S.-chartered depository institutions 700.3 626.2 588.5 250.4 -340.5 -174.7 133.7 361.8 32

 33 Foreign banking offices in U.S. 146.6 105.2 204.7 103.4 -287.5 -24.4 42.5 5.8 33

 34 Banks in U.S.-affiliated areas 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 -4.9 -0.1 34

 35 Credit unions 36.1 30.1 35.3 40.4 33.5 24.0 37.6 46.0 35

 36 Property-casualty insurance companies 72.8 44.8 5.3 -15.9 33.3 3.9 36.2 -2.5 36

 37 Life insurance companies 116.2 67.5 84.8 11.6 139.8 151.6 125.8 60.5 37

 38 Private pension funds 45.3 58.4 32.0 -4.9 12.7 123.2 73.2 11.8 38

 39 State and local govt. retirement funds 37.6 92.1 40.5 -26.5 -85.8 22.1 0.4 14.0 39

 40 Federal government retirement funds 8.0 8.7 12.6 23.9 7.4 10.8 20.0 13.9 40

 41 Money market mutual funds 2.3 221.6 391.8 727.9 -619.9 -396.6 -9.8 -82.7 41

 42 Mutual funds 124.1 184.9 268.0 32.4 387.1 353.6 359.4 642.0 42

 43 Closed-end funds 2.2 6.1 -0.4 -40.5 10.5 5.3 -1.7 11.2 43

 44 Exchange-traded funds 6.8 5.7 13.4 23.0 46.0 29.7 46.1 52.3 44

 45 Government-sponsored enterprises -69.1 46.6 239.0 242.9 -337.8 -328.2 -199.7 -218.6 45

 46 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 46

 47 ABS issuers 735.2 788.7 347.4 -397.1 -702.3 -488.0 -242.7 -208.1 47

 48 Finance companies 64.7 72.3 25.2 -64.9 -219.7 -137.2 -42.1 -26.6 48

 49 REITs 41.3 26.0 -19.9 -68.9 -8.7 37.1 102.9 127.7 49

 50 Brokers and dealers 82.3 106.2 219.7 -85.7 -192.1 32.2 5.7 89.1 50

 51 Holding companies -4.2 3.3 23.2 13.9 -16.0 22.1 3.1 -39.8 51

 52 Funding corporations 72.9 79.0 -85.3 618.9 -250.9 89.7 22.7 57.6 52

(1) Excludes corporate equities and mutual fund shares.
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2 Historical Annuals, 2005-2012, December 9, 2013

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Domestic 2347.0 2402.3 2581.9 1959.8 1070.0 1440.4 1376.1 1883.6 1

 2 By instrument 2347.0 2402.3 2581.9 1959.8 1070.0 1440.4 1376.1 1883.6 2

 3 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 3

 4 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1140.6 4

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

 6 Municipal securities 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 6

 7 Corporate bonds 63.5 218.8 323.0 225.4 411.7 438.6 410.8 579.6 7

 8 Depository institution loans n.e.c. 139.0 149.3 228.0 188.4 -303.1 -51.5 71.7 277.6 8

 9 Other loans and advances 117.2 150.1 305.1 87.3 -164.8 -82.4 67.3 -17.4 9

 10 Mortgages 1429.7 1386.3 1090.8 84.6 -296.2 -543.4 -331.0 -274.9 10

 11 Home 1128.5 1079.8 738.1 -96.4 -214.0 -384.6 -255.1 -248.1 11

 12 Multifamily residential 62.8 41.3 89.0 43.9 4.8 -5.7 5.7 25.4 12

 13 Commercial 229.2 261.9 259.0 115.0 -98.4 -161.1 -94.8 -58.0 13

 14 Farm 9.1 3.3 4.6 22.0 11.3 8.1 13.1 5.8 14

 15 Consumer credit 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 15

 16 By sector 2347.0 2402.3 2581.9 1959.8 1070.0 1440.4 1376.1 1883.6 16

 17 Household sector 1184.9 1170.3 881.0 12.7 -231.2 -380.3 -186.5 28.5 17

 18 Nonfinancial business 713.5 947.6 1317.2 689.9 -255.7 170.9 547.3 720.1 18

 19 Corporate 371.9 532.4 855.6 371.2 -147.0 203.0 527.0 646.1 19

 20 Noncorporate 341.6 415.2 461.6 318.7 -108.7 -32.1 20.3 74.0 20

 21 State and local governments 141.7 100.9 146.7 17.9 113.0 69.5 -52.7 -5.3 21

 22 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 1140.2 22

 23 Foreign borrowing in U.S. 115.8 335.7 175.6 -216.2 208.1 81.4 128.9 126.2 23

 24 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 24

 25 Bonds 64.5 227.8 218.7 -158.8 163.3 59.9 137.7 62.2 25

 26 Depository institution loans n.e.c. 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 26

 27 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.2 1.4 5.7 27

 28 Domestic and foreign 2462.8 2738.0 2757.6 1743.5 1278.1 1521.8 1505.0 2009.7 28

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 1113.8 1336.4 1813.9 896.8 -1808.7 -931.9 -434.9 -395.6 1

 2 Open market paper 214.2 196.4 -111.5 -125.4 -448.1 -102.2 -68.2 -58.8 2

 3 GSE issues -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 -154.6 3

 4 Agency- and GSE-backed mortgage pool sec. 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 4

 5 Corporate bonds 745.3 795.4 709.2 -283.0 -586.0 -575.3 -325.6 -209.6 5

 6 Depository institution loans n.e.c. 15.5 -11.5 80.1 496.4 -435.4 -62.9 31.6 -124.0 6

 7 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -144.7 -60.0 3.5 7

 8 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 15.6 8

 9 By sector 1113.8 1336.4 1813.9 896.8 -1808.7 -931.9 -434.9 -395.6 9

 10 U.S.-chartered depository institutions 54.1 43.9 222.5 -0.9 -292.2 -161.7 -73.9 -27.2 10

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

 12 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 12

 13 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 13

 14 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 -154.6 14

 15 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 15

 16 ABS issuers 731.7 796.7 350.3 -413.6 -737.0 -497.7 -246.9 -214.5 16

 17 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -174.9 -13.5 -56.7 17

 18 REITs 55.4 15.5 10.2 -53.8 -50.0 -2.1 28.2 42.9 18

 19 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 -37.9 -1.7 19

 20 Holding companies 50.1 75.0 151.9 97.3 -8.0 -16.5 -16.5 -97.7 20

 21 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.3 -52.4 -23.9 21
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Historical Annuals, 2005-2012, December 9, 2013 3

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total 3576.6 4074.4 4571.5 2640.4 -530.6 590.0 1070.1 1614.1 1

 2 Open market paper 245.1 317.2 -169.5 -188.8 -461.8 -80.4 -88.3 -16.9 2

 3 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1140.6 3

 4 Agency- and GSE-backed securities 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 -22.8 4

 5 Municipal securities 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 5

 6 Corporate and foreign bonds 873.2 1242.0 1250.9 -216.3 -10.9 -76.7 222.9 432.2 6

 7 Depository institution loans n.e.c. 171.8 154.8 337.5 699.9 -753.4 -90.4 146.6 184.1 7

 8 Other loans and advances 156.9 163.9 527.7 119.1 -447.0 -226.9 8.6 -8.2 8

 9 Mortgages 1443.8 1392.9 1095.4 91.4 -292.9 -543.2 -322.0 -259.3 9

 10 Consumer credit 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

 11 Total net issues 183.4 -31.6 -97.9 256.7 814.9 363.1 36.2 477.4 11

 12 Corporate equities -76.7 -368.4 -459.5 266.6 317.9 -7.0 -302.2 -148.5 12

 13 Nonfinancial -341.8 -565.7 -786.8 -334.3 -62.1 -277.5 -472.3 -399.7 13

 Foreign shares purchased by

 14 U.S. residents 186.7 137.3 147.8 -38.5 63.7 79.1 6.0 82.6 14

 15 Financial 78.4 60.0 179.6 639.5 316.3 191.3 164.1 168.6 15

 16 Mutual fund shares 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 16

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

Billions of dollars

 Net flows through credit markets

 1 (from table F.4, line 1) 3576.6 4074.4 4571.5 2640.4 -530.6 590.0 1070.1 1614.1 1

 2 U.S. official reserve assets -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 4.5 2

 3 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 3

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

 5 Foreign deposits 40.8 87.2 256.0 -394.3 -110.7 -9.3 -46.3 -30.2 5

 6 Net interbank transactions -3.8 1.4 -50.6 1740.5 -541.1 -145.2 818.5 -188.2 6

 7 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 268.5 7

 8 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.3 577.4 539.7 8

 9 Large time deposits 295.4 289.2 292.3 -182.4 -173.6 -182.7 -173.3 -19.2 9

 10 Money market fund shares 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 10

 11 Security repurchase agreements 329.0 452.3 101.6 -1248.9 290.4 4.5 -64.4 17.1 11

 12 Corporate equities -76.7 -368.4 -459.5 266.6 317.9 -7.0 -302.2 -148.5 12

 13 Mutual fund shares 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 13

 14 Trade payables 340.6 188.9 201.8 -170.6 -12.0 226.5 58.7 176.2 14

 15 Security credit 0.2 211.5 276.5 -397.9 -95.9 123.6 97.8 188.9 15

 16 Life insurance reserves 16.1 65.6 34.2 67.0 26.5 17.2 94.1 -11.6 16

 17 Pension entitlements 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 17

 18 Taxes payable -4.7 22.5 -69.3 -123.8 -3.4 19.4 20.6 14.3 18

 19 Noncorporate proprietors’ equity -41.8 3.8 -33.0 -287.0 -69.9 187.1 -52.7 -5.8 19

 20 Miscellaneous 1247.7 1959.1 2457.5 2259.1 258.4 1117.4 1716.6 685.9 20

 21 Total financial sources 7006.6 8498.9 9628.4 6518.2 393.6 2989.4 4763.9 4235.7 21

 - Liabilities not identified as assets:

 22 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 -0.6 22

 23 Foreign deposits 20.8 106.2 205.3 -330.4 -122.5 -26.6 25.2 -7.3 23

 24 Net interbank liabilities 3.3 -3.9 4.7 33.6 10.3 23.5 1.5 11.9 24

 25 Security repurchase agreements 126.4 323.7 -217.7 -588.1 420.7 -79.1 -122.5 -74.2 25

 26 Taxes payable -45.0 16.9 -36.9 -67.3 -33.4 -8.4 -2.3 1.0 26

 27 Miscellaneous -454.1 -891.0 -240.3 1578.9 -111.7 158.0 431.8 -330.1 27

 - Floats not included in assets:

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

 29 Federal govt. -6.6 -3.0 1.2 -3.3 0.7 0.0 -0.1 0.6 29

 30 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 0.9 0.7 30

 31 Trade credit -37.7 147.7 -44.5 21.5 102.5 60.3 -54.1 66.3 31

 Totals identified to sectors

 32 as assets 7397.2 8803.4 9957.9 5876.1 132.5 2863.9 4484.3 4567.4 32
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4 Historical Annuals, 2005-2012, December 9, 2013

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total credit market debt owed by: 42193.7 46347.0 51130.7 53579.4 53487.1 53839.7 54980.6 56980.1 1

 2 Domestic nonfinancial sectors 27696.1 30174.2 32765.2 34724.9 35667.3 37039.9 38421.4 40286.2 2

 3 Household sector 11721.0 12946.3 13829.8 13847.5 13572.9 13197.7 13016.6 12980.5 3

 4 Nonfinancial corporate business 5785.7 6338.9 7201.0 7567.2 7336.1 7472.2 7999.3 8688.9 4

 5 Nonfinancial noncorporate business 2897.7 3312.9 3774.5 4093.2 3984.5 3946.3 3966.6 4043.1 5

 6 State and local governments 2589.8 2690.8 2837.5 2855.4 2968.4 3038.0 2985.3 2980.0 6

 7 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 11593.7 7

 8 Rest of the world 1539.9 1911.8 2160.8 1753.2 2131.1 2314.0 2513.8 2784.1 8

 9 Financial sectors 12957.7 14261.1 16204.8 17101.3 15688.7 14485.7 14045.4 13909.7 9

 10 U.S.-chartered depository institutions 727.8 768.6 991.2 990.3 718.1 942.6 868.7 840.3 10

 11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 11

 12 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 12

 13 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 13

 14 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 14

 15 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 15

 16 ABS issuers 3394.2 4162.0 4514.8 4101.2 3287.7 2230.9 1983.9 1769.4 16

 17 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 1280.7 1261.9 1205.1 17

 18 REITs 395.5 411.0 421.2 367.4 317.4 315.2 343.4 386.3 18

 19 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 91.8 90.2 19

 20 Holding companies 481.8 558.7 710.6 807.9 1253.7 1237.2 1220.8 1418.6 20

 21 Funding corporations 619.9 645.3 786.4 1252.8 816.8 704.2 651.8 593.5 21

 22 Total credit market assets held by: 42193.7 46347.0 51130.7 53579.4 53487.1 53839.7 54980.6 56980.1 22

 23 Domestic nonfinancial sectors 6289.8 6633.8 7351.1 7421.3 8142.8 8573.5 8126.7 8323.0 23

 24 Household sector 4202.8 4414.0 5036.7 5156.8 5603.3 5871.8 5489.0 5627.9 24

 25 Nonfinancial corporate business 340.4 324.2 248.4 213.7 223.7 230.1 223.4 232.1 25

 26 Nonfinancial noncorporate business 96.8 96.7 106.7 95.8 89.1 95.8 96.8 98.0 26

 27 State and local governments 1375.9 1501.9 1655.5 1557.7 1520.4 1581.5 1504.2 1446.7 27

 28 Federal government 273.8 296.9 303.8 397.2 706.3 794.3 813.4 918.4 28

 29 Rest of the world 5191.3 6199.7 7272.2 7523.7 7723.4 8491.8 9029.7 9608.7 29

 30 Financial sectors 30712.6 33513.5 36507.4 38634.4 37620.8 36774.3 37824.2 39048.4 30

 31 Monetary authority 744.2 778.9 740.6 986.0 1987.7 2259.2 2635.6 2670.1 31

 32 U.S.-chartered depository institutions 8016.9 8633.9 9209.3 9459.7 9144.0 9356.2 9489.9 9840.6 32

 33 Foreign banking offices in U.S. 684.1 789.3 994.0 1097.1 809.6 785.2 827.7 833.5 33

 34 Banks in U.S.-affiliated areas 101.0 99.3 92.8 90.9 88.1 68.9 64.0 63.9 34

 35 Credit unions 592.5 622.6 657.9 701.1 734.6 758.6 796.2 842.3 35

 36 Property-casualty insurance companies 819.3 864.1 869.3 853.4 886.7 890.6 926.8 924.3 36

 37 Life insurance companies 2753.9 2786.4 2871.2 2882.8 3022.6 3174.2 3300.0 3360.6 37

 38 Private pension funds 699.9 755.6 787.6 782.7 795.5 918.6 991.8 1003.7 38

 39 State and local govt. retirement funds 717.0 809.1 849.5 823.0 737.2 759.3 759.6 773.6 39

 40 Federal government retirement funds 78.0 86.7 99.4 123.3 130.7 141.5 161.6 175.5 40

 41 Money market mutual funds 1348.6 1570.2 1962.0 2689.9 2070.0 1673.4 1663.6 1580.9 41

 42 Mutual funds 1743.8 1928.7 2196.7 2229.2 2616.3 2969.9 3329.3 3981.3 42

 43 Closed-end funds 165.4 171.5 171.2 130.6 141.1 146.4 144.7 155.9 43

 44 Exchange-traded funds 15.0 20.7 34.1 57.1 103.0 132.7 178.8 231.1 44

 45 Government-sponsored enterprises 2543.9 2590.5 2829.5 3037.5 2699.7 6333.1 6133.4 5914.8 45

 46 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 46

 47 ABS issuers 3290.3 4050.1 4400.1 4003.0 3224.2 2179.1 1936.3 1728.2 47

 48 Finance companies 1740.6 1809.1 1834.3 1769.4 1549.7 1405.4 1363.2 1331.6 48

 49 REITs 240.3 266.4 246.5 177.6 168.9 206.0 308.9 436.6 49

 50 Brokers and dealers 477.2 583.4 803.1 717.4 525.3 557.5 563.2 652.3 50

 51 Holding companies 32.2 36.0 59.1 73.0 75.8 97.9 101.1 219.5 51

 52 Funding corporations 360.0 420.0 334.7 988.2 733.5 821.2 843.6 891.1 52

(1) Excludes corporate equities and mutual fund shares.
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L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Domestic 27696.1 30174.2 32765.2 34724.9 35667.3 37039.9 38421.4 40286.2 1

 2 By instrument 27696.1 30174.2 32765.2 34724.9 35667.3 37039.9 38421.4 40286.2 2

 3 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 3

 4 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 11568.9 4

 5 Agency- and GSE-backed securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 5

 6 Municipal securities 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 6

 7 Corporate bonds 3187.3 3406.1 3729.1 3954.5 4366.2 4804.8 5215.6 5795.2 7

 8 Depository institution loans n.e.c. 1245.6 1429.7 1664.2 1852.6 1500.2 1465.5 1542.6 1746.4 8

 9 Other loans and advances 1167.7 1314.9 1620.0 1707.3 1458.4 1269.4 1336.7 1381.4 9

 10 Mortgages 11963.7 13373.7 14464.4 14549.0 14252.8 13611.3 13280.2 13000.4 10

 11 Home 9419.8 10499.6 11237.7 11149.7 10935.8 10437.9 10182.8 9929.7 11

 12 Multifamily residential 644.0 685.4 774.4 822.8 827.6 823.2 829.0 854.4 12

 13 Commercial 1795.2 2080.7 2339.7 2441.8 2343.4 2196.1 2101.3 2043.3 13

 14 Farm 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.0 14

 15 Consumer credit 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 15

 16 By sector 27696.1 30174.2 32765.2 34724.9 35667.3 37039.9 38421.4 40286.2 16

 17 Household sector 11721.0 12946.3 13829.8 13847.5 13572.9 13197.7 13016.6 12980.5 17

 18 Nonfinancial business 8683.4 9651.8 10975.5 11660.5 11320.6 11418.6 11965.9 12732.0 18

 19 Corporate 5785.7 6338.9 7201.0 7567.2 7336.1 7472.2 7999.3 8688.9 19

 20 Noncorporate 2897.7 3312.9 3774.5 4093.2 3984.5 3946.3 3966.6 4043.1 20

 21 State and local governments 2589.8 2690.8 2837.5 2855.4 2968.4 3038.0 2985.3 2980.0 21

 22 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 11593.7 22

 Foreign credit market debt

 23 held in U.S. 1539.9 1911.8 2160.8 1753.2 2131.1 2314.0 2513.8 2784.1 23

 24 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 24

 25 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1731.3 1939.9 2140.7 25

 26 Depository institution loans n.e.c. 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 26

 27 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.1 23.5 32.8 27

 28 Domestic and foreign 29236.0 32085.9 34925.9 36478.1 37798.4 39353.9 40935.2 43070.3 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 12957.7 14261.1 16204.8 17101.3 15688.7 14485.7 14045.4 13909.7 1

 2 Open market paper 1170.2 1363.5 1252.1 1126.3 678.2 576.0 507.9 449.1 2

 3 GSE issues 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 3

 4 Agency- and GSE-backed mortgage pool sec. 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 4

 5 Corporate bonds 4653.4 5422.1 6261.2 5978.2 5717.7 5321.8 4996.2 4983.9 5

 6 Depository institution loans n.e.c. 227.7 213.0 293.1 789.5 424.7 373.7 399.9 338.7 6

 7 Other loans and advances 620.2 641.4 867.1 900.5 617.9 473.2 413.1 416.6 7

 8 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 191.8 8

 9 By sector 12957.7 14261.1 16204.8 17101.3 15688.7 14485.7 14045.4 13909.7 9

 10 U.S.-chartered depository institutions 727.8 768.6 991.2 990.3 718.1 942.6 868.7 840.3 10

 11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 11

 12 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 12

 13 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 13

 14 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 14

 15 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 15

 16 ABS issuers 3394.2 4162.0 4514.8 4101.2 3287.7 2230.9 1983.9 1769.4 16

 17 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 1280.7 1261.9 1205.1 17

 18 REITs 395.5 411.0 421.2 367.4 317.4 315.2 343.4 386.3 18

 19 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 91.8 90.2 19

 20 Holding companies 481.8 558.7 710.6 807.9 1253.7 1237.2 1220.8 1418.6 20

 21 Funding corporations 619.9 645.3 786.4 1252.8 816.8 704.2 651.8 593.5 21
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L.4 Credit Market Debt, All Sectors, by Instrument

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total 42193.7 46347.0 51130.7 53579.4 53487.1 53839.7 54980.6 56980.1 1

 2 Open market paper 1644.2 1958.4 1788.9 1599.8 1138.0 1057.6 969.3 952.4 2

 3 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 11568.9 3

 4 Agency- and GSE-backed securities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 7554.6 4

 5 Municipal securities 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 5

 6 Corporate and foreign bonds 8852.3 10103.7 11577.3 11169.9 11654.2 11857.9 12151.7 12919.7 6

 7 Depository institution loans n.e.c. 1583.7 1770.1 2094.5 2794.4 2062.5 2001.2 2147.8 2322.7 7

 8 Other loans and advances 1821.9 1982.9 2510.6 2629.3 2098.1 1764.7 1773.3 1830.8 8

 9 Mortgages 12109.2 13525.7 14621.2 14712.5 14419.6 13778.4 13456.4 13192.2 9

 10 Consumer credit 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 10

 Memo:

 Selected claims not included above:

 11 Corporate equities 20636.1 24339.3 25580.9 15640.5 20085.5 23565.4 23088.2 26427.2 11

 12 Mutual fund shares 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 12

L.5 Total Liabilities and Its Relation to Total Financial Assets

Billions of dollars

 Total credit market debt

 1 (from table L.4) 42193.7 46347.0 51130.7 53579.4 53487.1 53839.7 54980.6 56980.1 1

 2 U.S. official reserve assets 61.1 62.2 67.3 74.2 175.1 175.8 183.8 181.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 4

 5 Foreign deposits 997.8 1085.0 1340.9 946.7 835.9 826.6 780.3 750.1 5

 6 Net interbank liabilities 69.7 71.1 20.5 1761.1 1220.0 1070.7 1889.2 1718.0 6

 7 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2857.8 7

 8 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 7803.9 8

 9 Large time deposits 1892.4 2181.6 2521.9 2339.5 2105.9 1923.2 1750.0 1659.9 9

 10 Money market fund shares 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 10

 11 Security repurchase agreements 2254.1 2836.4 2928.9 1784.0 2043.4 2025.2 1970.8 1976.8 11

 12 Mutual fund shares 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 12

 13 Security credit 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1312.6 1512.5 13

 14 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1352.0 1359.0 14

 15 Pension entitlements 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 15

 16 Trade payables 3003.6 3195.7 3397.5 3226.9 3214.9 3441.4 3500.2 3674.0 16

 17 Taxes payable 214.5 237.0 167.7 44.0 40.6 53.1 73.9 82.5 17

 18 Miscellaneous 15768.8 16856.0 18466.9 21822.8 22079.9 22655.5 23620.0 23988.5 18

 19 Total liabilities 96001.4 105336.0 115369.7 118973.2 121372.0 124893.3 128869.6 134624.2 19

 + Financial assets not included in

 liabilities:

 20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 20

 21 Corporate equities 20636.1 24339.3 25580.9 15640.5 20085.5 23565.4 23088.2 26427.2 21

 22 Household equity in noncorp. bus. 8661.6 8969.0 9097.3 7556.0 6323.9 7015.8 7495.6 8181.0 22

 - Liabilities not identified as assets:

 23 Treasury currency -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 -18.3 -18.8 23

 24 Foreign deposits 798.5 904.7 1110.0 779.5 657.0 630.4 655.6 648.3 24

 25 Net interbank transactions -37.0 -41.0 -36.3 -2.7 7.6 26.9 28.4 54.3 25

 26 Security repurchase agreements 735.3 947.7 721.0 142.4 522.9 413.9 297.3 102.7 26

 27 Taxes payable 20.6 26.5 -54.6 -198.4 -210.4 -209.0 -198.9 -196.9 27

 28 Miscellaneous -5858.2 -7479.8 -8426.2 -8177.4 -7928.5 -8609.4 -9345.2 -10326.4 28

 - Floats not included in assets:

 29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Federal govt. 1.8 0.1 2.8 1.2 2.0 2.5 2.5 2.3 30

 31 Private domestic 7.4 7.4 7.3 5.3 4.2 3.2 4.1 4.7 31

 32 Trade credit 12.2 161.6 117.1 138.6 241.0 305.0 250.9 314.7 32

 33 Totals identified to sectors as assets 129324.5 143947.6 156437.8 148228.1 153381.4 161590.6 166172.9 177187.0 33
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Historical Annuals, 2005-2012, December 9, 2013 7

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross Domestic Product (GDP) 13095.4 13857.9 14480.3 14720.3 14417.9 14958.3 15533.8 16244.6 1

 2 Personal consumption expenditures (2) 8790.3 9297.5 9744.4 10005.5 9842.9 10201.9 10711.8 11149.6 2

 3 Durable goods 1127.2 1156.1 1184.6 1102.3 1023.3 1070.7 1129.9 1202.7 3

 4 Nondurable goods 1953.0 2079.7 2176.9 2273.4 2175.1 2292.1 2472.8 2567.0 4

 5 Services 5710.1 6061.7 6382.9 6629.8 6644.5 6839.1 7109.1 7379.9 5

 6 Gross private domestic investment 2527.1 2680.6 2643.7 2424.8 1878.1 2100.8 2232.1 2475.2 6

 7 Fixed investment (3) 2467.5 2613.7 2609.3 2456.8 2025.7 2039.3 2195.7 2409.1 7

 8 Nonresidential 1611.5 1776.3 1920.6 1941.0 1633.4 1658.2 1809.9 1970.0 8

 9 Household sector (nonprofit organizations) 126.1 137.4 153.9 155.1 147.1 134.1 139.6 143.8 9

 10 Nonfinancial corporate business 1124.9 1251.4 1340.3 1365.8 1136.6 1176.5 1296.0 1420.2 10

 11 Nonfinancial noncorporate business 180.5 198.9 215.0 223.8 182.9 184.9 199.1 212.5 11

 12 Financial institutions 180.0 188.7 211.5 196.2 166.9 162.8 175.2 193.4 12

 13 Residential 856.1 837.4 688.7 515.9 392.2 381.1 385.8 439.1 13

 14 Household sector 738.9 722.7 582.3 425.3 321.0 318.3 317.1 354.3 14

 15 Nonfinancial corporate business 6.0 5.0 17.2 6.8 5.5 -0.1 3.0 13.3 15

 16 Nonfinancial noncorporate business 108.7 106.2 98.5 83.7 65.8 58.3 59.5 66.2 16

 17 REITs 2.5 3.5 -9.3 0.1 -0.1 4.7 6.3 5.3 17

 18 Change in private inventories 59.6 67.0 34.5 -32.0 -147.6 61.5 36.4 66.1 18

 19 Nonfinancial corporate business 56.4 66.3 33.3 -31.6 -139.0 63.7 39.1 71.0 19

 20 Nonfinancial noncorporate business 3.2 0.6 1.2 -0.4 -8.5 -2.2 -2.7 -4.9 20

 21 Net U.S. exports of goods and services -715.7 -762.4 -709.8 -713.2 -392.2 -518.5 -568.7 -547.2 21

 22 Exports 1310.4 1478.5 1665.7 1843.1 1583.8 1843.5 2101.1 2195.9 22

 23 - Imports 2026.1 2240.9 2375.5 2556.4 1976.0 2362.0 2669.9 2743.1 23

 Government consumption expenditures and

 24 gross investment 2493.7 2642.2 2801.9 3003.2 3089.1 3174.0 3158.7 3167.0 24

 25 Consumption expenditures (4) 1980.0 2089.8 2209.7 2368.6 2442.1 2522.2 2526.1 2548.0 25

 26 Federal 723.4 763.9 798.4 879.8 933.7 1003.9 1008.7 1011.7 26

 27 State and local 1256.6 1325.9 1411.4 1488.7 1508.4 1518.3 1517.4 1536.4 27

 28 Gross investment (4) 513.6 552.3 592.2 634.6 647.0 651.8 632.6 619.0 28

 29 Federal 222.9 238.0 251.4 275.8 284.0 300.0 295.4 284.0 29

 30 State and local 290.8 314.3 340.8 358.8 363.0 351.9 337.2 334.9 30

 Memo:

 31 Net U.S. income receipts from rest of the world 93.5 68.4 126.5 173.0 147.2 206.0 260.8 252.8 31

 32 U.S. income receipts 575.8 724.2 875.5 856.8 643.7 720.0 802.8 818.6 32

 33 - U.S. income payments 482.3 655.7 749.1 683.8 496.5 514.1 542.1 565.7 33

 Gross National Product (GNP) =

 34 GDP + net U.S. income receipts 13189.0 13926.3 14606.8 14893.2 14565.1 15164.2 15794.6 16497.4 34

 Acquisition of nonproduced nonfinancial assets (net)

 35 Household sector -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -8.3 -8.4 35

 36 Nonfinancial corporate business 1.0 13.6 0.4 17.6 6.3 -1.1 -0.9 -0.4 36

 37 State and local governments 10.0 11.0 13.6 13.8 12.3 10.6 10.1 10.2 37

 38 Federal governments -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -1.4 38

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

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

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

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

(4) Government inventory investment is included in consumption expenditures.
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F.7 Distribution of National Income (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 National Income 11240.8 12005.6 12322.3 12430.8 12124.5 12739.5 13395.7 13971.6 1

 2 Compensation of employees 7087.8 7503.2 7899.1 8079.2 7787.8 7967.3 8278.5 8611.6 2

 3 Wages and other labor income 6659.7 7055.8 7437.5 7607.9 7329.7 7497.9 7784.1 8097.3 3

 4 Employer social insurance contributions 428.1 447.4 461.7 471.3 458.1 469.4 494.4 514.3 4

 Proprietors’ income with inventory

 5 valuation and capital consumption adjustments 979.0 1053.7 979.2 1026.5 973.0 1032.7 1155.1 1224.9 5

 Rental income of persons (with capital

 6 consumption adjustment) 238.4 207.5 189.4 262.1 333.7 402.8 484.4 541.2 6

 Corporate profits with inventory

 7 valuation and capital consumption adjustments 1477.7 1646.5 1529.0 1285.1 1392.6 1740.6 1877.7 2009.5 7

 Corporate profits with inventory

 8 valuation adjustment 1621.2 1815.7 1708.9 1345.5 1474.8 1793.8 1791.3 2180.0 8

 9 Profits before tax 1653.3 1851.4 1748.4 1382.4 1468.2 1834.8 1847.4 2190.0 9

 10 Domestic nonfinancial 1004.6 1180.1 1093.5 880.3 752.5 1034.3 1026.7 1293.7 10

 11 Domestic financial 409.7 415.1 301.5 95.4 362.9 405.3 384.1 477.4 11

 12 Rest of the world 239.1 256.2 353.4 406.7 352.8 395.2 436.6 418.9 12

 Less:

 13 Taxes on corporate income 412.4 473.4 445.5 309.1 269.4 370.6 374.2 434.8 13

 14 Domestic nonfinancial 271.9 307.7 293.8 227.4 177.8 220.6 222.3 256.9 14

 15 Domestic financial 140.5 165.7 151.7 81.7 91.6 150.0 151.9 177.8 15

 Equals:

 16 Profits after tax 1240.9 1378.1 1302.9 1073.3 1198.7 1464.3 1473.1 1755.2 16

 17 Net dividends 580.5 726.0 818.9 808.6 568.7 563.9 701.6 770.3 17

 18 Domestic nonfinancial 170.8 471.1 484.6 474.2 351.7 375.5 440.3 478.8 18

 19 Domestic financial 148.9 177.0 193.9 153.9 105.1 67.1 104.8 134.8 19

 20 Rest of the world 260.9 77.9 140.4 180.5 111.9 121.4 156.4 156.8 20

 21 Undistributed profits 660.4 652.1 484.0 264.7 630.0 900.3 771.6 984.9 21

 22 Domestic nonfinancial 561.9 401.3 315.1 178.7 222.9 438.3 364.1 558.0 22

 23 Domestic financial 120.3 72.5 -44.1 -140.2 166.1 188.3 127.3 164.7 23

 24 Rest of the world -21.8 178.3 213.0 226.2 240.9 273.8 280.1 262.2 24

 25 Inventory valuation adjustment -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -56.0 -10.0 25

 26 Capital consumption adjustment -143.5 -169.2 -179.9 -60.4 -82.2 -53.3 86.4 -170.5 26

 27 Domestic nonfinancial -101.5 -129.4 -139.4 -29.1 -41.1 -15.2 114.9 -115.1 27

 28 Domestic financial -41.9 -39.8 -40.5 -31.4 -41.2 -38.1 -28.5 -55.4 28

 29 Net interest and miscellaneous payments 496.8 580.9 663.4 693.4 563.1 489.4 456.9 439.6 29

 30 Taxes on production and imports 934.5 991.9 1034.6 1041.9 1026.1 1057.1 1097.1 1122.9 30

 31 Less: Subsidies 60.9 51.5 54.6 52.6 58.3 55.9 60.0 57.3 31

 32 Business current transfer payments (net) 93.9 82.6 98.6 116.4 127.2 128.5 129.6 106.9 32

 33 Current surplus of government enterprises -6.4 -9.3 -16.4 -21.2 -20.6 -22.9 -23.8 -27.7 33

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

 34 National Income, from line 1 above 11240.8 12005.6 12322.3 12430.8 12124.5 12739.5 13395.7 13971.6 34

 Plus:

 35 Private consumption of fixed capital 1635.3 1765.0 1865.0 1936.9 1925.7 1923.5 1974.4 2049.3 35

 36 Government consumption of fixed capital 346.7 371.0 399.4 426.5 442.7 458.1 478.1 493.6 36

 37 Statistical discrepancy -33.8 -215.3 20.2 99.0 72.2 43.1 -53.6 -17.0 37

 Less:

 38 Net U.S. income receipts from rest of the world 93.5 68.4 126.5 173.0 147.2 206.0 260.8 252.8 38

 Equals:

 39 Gross Domestic Product 13095.4 13857.9 14480.3 14720.3 14417.9 14958.3 15533.8 16244.6 39

(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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Historical Annuals, 2005-2012, December 9, 2013 9

F.8 Saving and Investment by Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 2337.4 2652.6 2506.7 2281.9 2071.7 2255.0 2461.4 2672.2 1

 2 Net saving 355.5 516.5 242.4 -81.5 -296.6 -126.6 8.8 129.3 2

 3 Net private saving 727.5 784.0 581.8 718.7 1225.1 1440.2 1470.2 1491.7 3

 4 Domestic business 484.8 447.1 264.6 167.3 554.4 806.0 801.9 804.3 4

 5 Nonfinancial corporate business 411.7 386.5 313.1 296.7 382.1 598.6 648.8 647.8 5

 6 Financial business 73.1 60.6 -48.5 -129.4 172.3 207.4 153.1 156.5 6

 7 Households and institutions 242.7 336.9 317.2 551.3 670.7 634.2 668.2 687.4 7

 8 Net government saving -372.0 -267.5 -339.4 -800.2 -1521.7 -1566.8 -1461.3 -1362.3 8

 9 Federal -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 9

 10 State and local -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -213.1 -252.7 10

 11 Consumption of fixed capital 1982.0 2136.0 2264.4 2363.4 2368.4 2381.6 2452.6 2542.9 11

 12 Private 1635.3 1765.0 1865.0 1936.9 1925.7 1923.5 1974.4 2049.3 12

 13 Domestic business 1273.2 1368.8 1451.2 1522.3 1522.4 1523.0 1571.6 1639.4 13

 14 Nonfinancial corporate business 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1135.8 1188.2 14

 15 Nonfinancial noncorporate business 214.4 232.6 245.6 254.5 253.0 251.8 256.8 264.5 15

 16 Financial business 148.9 156.8 165.4 173.9 177.4 176.7 179.0 186.6 16

 17 Households and institutions 362.1 396.2 413.7 414.6 403.3 400.5 402.9 409.9 17

 18 Government 346.7 371.0 399.4 426.5 442.7 458.1 478.1 493.6 18

 19 Federal 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 19

 20 State and local 157.3 170.3 186.6 200.2 208.2 212.7 221.7 231.4 20

 Gross domestic investment, capital account

 21 transactions, and net lending, NIPAs 2303.6 2437.3 2526.9 2380.9 2144.0 2298.1 2407.7 2655.2 21

 22 Gross domestic investment 3040.7 3233.0 3235.9 3059.4 2525.1 2752.6 2864.7 3094.2 22

 23 Gross private domestic investment 2527.1 2680.6 2643.7 2424.8 1878.1 2100.8 2232.1 2475.2 23

 24 Domestic business 1662.1 1820.6 1907.6 1844.4 1410.0 1648.4 1775.4 1977.1 24

 25 Nonfinancial corporate business 1189.8 1326.2 1381.5 1341.1 1002.9 1244.7 1344.4 1509.9 25

 26 Nonfinancial noncorporate business 292.4 305.7 314.7 307.1 240.2 241.0 255.8 273.8 26

 27 Financial business 180.0 188.7 211.5 196.2 166.9 162.8 175.2 193.4 27

 28 Households and institutions 865.0 860.1 736.1 580.4 468.1 452.4 456.7 498.1 28

 29 Gross government investment 513.6 552.3 592.2 634.6 647.0 651.8 632.6 619.0 29

 30 Federal 222.9 238.0 251.4 275.8 284.0 300.0 295.4 284.0 30

 31 State and local 290.8 314.3 340.8 358.8 363.0 351.9 337.2 334.9 31

 32 Capital account transactions (net) (2) -12.9 2.1 -0.1 -5.4 0.6 0.7 1.7 -6.6 32

 33 Private -30.8 20.0 -4.0 -53.2 -121.4 -58.5 -47.4 -26.0 33

 34 Domestic business 0.1 13.6 0.3 -49.9 -83.4 -29.4 -41.3 -12.4 34

 35 Nonfinancial corporate business -14.5 13.6 0.3 13.9 44.6 19.8 -7.3 -17.1 35

 36 Nonfinancial noncorporate business -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 36

 37 Financial business 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 37

 38 Households and institutions -31.0 6.5 -4.4 -3.3 -38.1 -29.1 -6.2 -13.6 38

 39 Government 18.0 -18.0 3.9 47.8 122.0 59.2 49.1 19.5 39

 40 Federal 58.3 28.8 49.6 97.2 177.4 125.3 112.9 83.3 40

 41 State and local -40.3 -46.8 -45.7 -49.4 -55.4 -66.2 -63.8 -63.9 41

 42 Net lending (+) or net borrowing (-), NIPAs (3) -724.3 -797.8 -709.0 -673.1 -381.7 -455.2 -458.6 -432.4 42

 43 Private -167.3 -366.9 -172.8 382.9 1466.3 1364.6 1206.3 1074.7 43

 44 Domestic business 62.0 -233.5 -172.0 -5.8 822.4 753.2 585.7 462.0 44

 45 Nonfinancial corporate business (3) 112.5 -189.2 -8.3 134.7 498.9 471.8 393.9 326.2 45

 46 Nonfinancial noncorporate business -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 46

 47 Financial business 14.3 28.8 -94.6 -91.2 304.7 262.8 189.3 140.2 47

 48 Households and institutions -229.3 -133.4 -0.8 388.8 643.9 611.4 620.6 612.7 48

 49 Government -557.0 -430.9 -536.2 -1056.1 -1848.0 -1819.8 -1664.9 -1507.1 49

 50 Federal -397.3 -294.2 -354.9 -781.8 -1476.7 -1509.5 -1400.1 -1214.8 50

 51 State and local -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -264.8 -292.4 51

 52 Statistical discrepancy (line 21 less line 1) -33.8 -215.3 20.2 99.0 72.2 43.1 -53.6 -17.0 52

 Addenda:

 53 Disaster losses 110.4 0.0 0.0 19.1 0.0 0.0 0.0 45.9 53

 54 Private 99.2 0.0 0.0 19.1 0.0 0.0 0.0 38.3 54

 55 Domestic business 48.8 0.0 0.0 10.8 0.0 0.0 0.0 17.5 55

 56 Households and institutions 50.4 0.0 0.0 8.3 0.0 0.0 0.0 20.9 56

 57 Government 11.2 0.0 0.0 0.0 0.0 0.0 0.0 7.6 57

 58 Federal 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

 59 State and local 10.7 0.0 0.0 0.0 0.0 0.0 0.0 7.6 59

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

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

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

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
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10 Historical Annuals, 2005-2012, December 9, 2013

F.9 Net Capital Transfers (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Capital transfers paid, by sector 166.3 104.0 110.9 193.5 272.2 186.7 137.9 139.8 1

 2 By private business 28.9 0.0 0.0 7.6 40.4 25.8 0.0 14.3 2

 3 Financial corporations 28.9 0.0 0.0 7.6 0.0 0.0 0.0 14.3 3

 4 Disaster-related insurance benefits 28.9 0.0 0.0 7.6 0.0 0.0 0.0 14.3 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 40.4 25.8 0.0 0.0 6

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

 8 By government 91.8 71.0 79.4 145.9 206.9 141.4 123.4 98.7 8

 9 Federal 85.3 71.0 79.4 145.9 206.9 141.4 123.4 98.7 9

 10 Investment grants to state and local govts. 49.4 52.7 54.3 57.6 63.4 72.1 69.0 66.5 10

 11 Disaster-related insurance benefits 17.3 0.0 0.0 2.8 0.0 0.0 0.0 7.6 11

 12 Financial stabilization payments 0.0 0.0 0.0 67.7 121.9 41.5 32.4 4.7 12

 13 Other capital transfers paid to business 0.0 0.0 0.0 0.1 8.1 12.7 8.0 8.2 13

 14 Other capital transfers paid to persons 15.9 16.4 24.7 16.9 12.9 14.5 12.4 10.6 14

 15 Capital transfers paid to the rest of the world (net) 2.6 2.0 0.4 0.8 0.6 0.7 1.6 1.1 15

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

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

 18 By persons 30.3 32.9 31.5 33.9 24.9 19.5 14.5 19.0 18

 19 Estate and gift taxes, federal 25.0 27.8 26.5 28.3 20.6 15.1 9.6 14.1 19

 20 Estate and gift taxes, state and local 5.3 5.1 5.0 5.6 4.3 4.4 4.9 4.9 20

 21 By the rest of the world 15.4 0.0 0.0 6.2 0.0 0.0 0.0 7.7 21

 22 Disaster-related insurance benefits 15.4 0.0 0.0 6.2 0.0 0.0 0.0 7.7 22

 23 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Capital transfers received, by sector 166.3 104.0 110.9 193.5 272.2 186.7 137.9 139.8 24

 25 By private business 29.7 0.0 0.0 75.0 130.0 54.2 40.4 26.3 25

 26 Financial corporations 1.1 0.0 0.0 68.1 121.9 41.5 32.4 4.7 26

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

 28 Other 0.0 0.0 0.0 67.7 121.9 41.5 32.4 4.7 28

 29 Nonfinancial corporations 15.5 0.0 0.0 3.7 2.1 4.9 6.4 16.7 29

 30 Disaster-related insurance benefits 15.5 0.0 0.0 3.6 0.0 0.0 0.0 8.5 30

 31 Other 0.0 0.0 0.0 0.1 2.1 4.9 6.4 8.1 31

 32 Noncorporate business 13.1 0.0 0.0 3.3 6.0 7.8 1.6 4.9 32

 33 Disaster-related insurance benefits 13.1 0.0 0.0 3.3 0.0 0.0 0.0 4.9 33

 34 Other 0.0 0.0 0.0 0.0 6.0 7.8 1.6 0.0 34

 35 By government 81.8 85.6 85.8 91.5 88.3 91.8 83.5 88.2 35

 36 Federal 25.0 27.8 26.5 28.3 20.6 15.1 9.6 14.1 36

 37 Estate and gift taxes paid by persons 25.0 27.8 26.5 28.3 20.6 15.1 9.6 14.1 37

 38 State and local 56.8 57.8 59.3 63.2 67.7 76.7 73.9 74.1 38

 39 Disaster-related insurance benefits 2.1 0.0 0.0 0.0 0.0 0.0 0.0 2.7 39

 40 Estate and gift taxes paid by persons 5.3 5.1 5.0 5.6 4.3 4.4 4.9 4.9 40

 41 Investment grants paid by federal government 49.4 52.7 54.3 57.6 63.4 72.1 69.0 66.5 41

 42 Other 0.0 0.0 0.0 0.0 0.0 0.2 0.0 0.0 42

 43 By persons 52.2 16.4 24.7 26.2 53.3 40.1 12.4 24.1 43

 44 Disaster-related insurance benefits 36.3 0.0 0.0 9.3 0.0 0.0 0.0 13.5 44

 45 Other 15.9 16.4 24.7 16.9 53.3 40.1 12.4 10.6 45

 46 By the rest of the world 2.6 2.0 0.4 0.8 0.6 0.7 1.6 1.1 46

 47 Capital transfers paid by U.S. government 2.6 2.0 0.4 0.8 0.6 0.7 1.6 1.1 47

 48 Other 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 By private business (lines 2-25) -0.9 -0.0 -0.0 -67.5 -89.6 -28.3 -40.4 -12.0 49

 50 Financial corporations (lines 3-26) 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 50

 51 Property-casualty insurance companies (line 4) 28.9 0.0 0.0 7.6 0.0 0.0 0.0 14.3 51

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

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

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

 55 Government-sponsored enterprises (2) 0.0 0.0 0.0 -6.9 -87.1 -40.2 -31.9 -4.7 55

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

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

 58 Nonfinancial corporations (lines 6-29) -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -16.7 58

 59 Noncorporate business (lines 7-32) -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 59

 60 By government (lines 8-35) 10.0 -14.6 -6.4 54.4 118.6 49.6 39.9 10.6 60

 61 Federal (lines 9-36) 60.3 43.2 53.0 117.6 186.3 126.3 113.8 84.7 61

 62 State and local (lines 16-38) -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.9 -74.1 62

 63 By persons (lines 18-43) -21.9 16.6 6.8 7.7 -28.4 -20.6 2.1 -5.1 63

 64 By the rest of the world (lines 21-46) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.6 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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Historical Annuals, 2005-2012, December 9, 2013 11

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net acquisition of financial assets 1451.0 1508.1 1695.1 1133.1 608.0 875.8 1214.5 1157.4 1

 2 Foreign deposits 2.4 5.2 15.4 -23.7 -6.6 -0.6 -2.8 -1.8 2

 3 Checkable deposits and currency -37.3 34.7 -8.6 180.5 120.6 33.1 326.4 98.3 3

 4 Time and savings deposits 505.1 507.0 494.3 254.4 101.2 161.9 375.6 426.1 4

 5 Money market fund shares 46.8 221.3 242.0 236.2 -270.3 -180.4 41.5 -2.2 5

 6 Securities -71.8 -388.9 -341.8 -178.8 384.6 84.3 -215.4 123.9 6

 7 Open market paper 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.3 7

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

 9 Treasury bills and other Treasury securities -115.0 -99.3 -26.0 142.0 533.4 329.4 -219.2 232.6 9

 10 Agency- and GSE-backed securities 152.4 -30.6 330.5 238.6 -673.4 -6.0 11.2 -122.4 10

 11 Municipal securities 77.9 36.0 37.4 47.0 107.2 44.3 -64.8 -152.2 11

 12 Corporate and foreign bonds 43.6 170.0 202.1 -163.8 75.1 -319.4 132.1 98.5 12

 13 Corporate equities (2) -422.8 -648.7 -1104.0 -301.2 -5.7 -186.8 -288.9 -330.9 13

 14 Mutual fund shares 176.7 167.4 234.4 -37.7 334.1 227.7 218.7 401.5 14

 15 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 86.9 -26.3 15

 16 Pension entitlements 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 16

 17 Miscellaneous and other assets 393.2 514.4 668.9 57.8 -166.8 164.2 133.1 49.6 17

 18 Gross investment in nonfinancial assets 2200.5 2235.8 2149.4 1920.7 1669.5 1689.9 1765.4 1887.0 18

 19 Residential fixed investment 847.6 828.9 680.7 509.0 386.9 376.5 376.5 420.5 19

 20 Nonresidential fixed investment 306.6 336.2 368.9 379.0 330.0 319.0 338.7 356.3 20

 21 Consumer durables 1052.2 1080.2 1109.8 1044.2 970.8 1005.0 1061.2 1123.5 21

 22 Nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -8.3 -8.4 22

 23 Inventories 3.2 0.6 1.2 -0.4 -8.5 -2.2 -2.7 -4.9 23

 24 Consumption of fixed capital 1376.4 1469.4 1538.0 1578.6 1576.8 1570.4 1599.0 1637.5 24

 25 Residential fixed investment 354.5 388.2 401.6 395.6 377.9 372.0 369.4 371.7 25

 26 Nonresidential fixed investment 222.0 240.7 257.8 273.4 278.4 280.3 290.2 302.8 26

 27 Consumer durables 799.9 840.5 878.6 909.6 920.6 918.1 939.4 963.1 27

 28 Net investment in nonfinancial assets (3) 824.1 766.4 611.4 342.1 92.6 119.4 166.4 249.5 28

 29 Residential fixed investment 493.1 440.7 279.2 113.3 9.0 4.5 7.1 48.9 29

 30 Nonresidential fixed investment 84.6 95.6 111.1 105.6 51.6 38.7 48.4 53.6 30

 31 Consumer durables 252.4 239.6 231.1 134.6 50.3 86.9 121.9 160.4 31

 32 Nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -8.3 -8.4 32

 33 Inventories 3.2 0.6 1.2 -0.4 -8.5 -2.2 -2.7 -4.9 33

 34 Net increase in liabilities 1710.1 1826.4 1515.1 322.6 -247.3 -334.2 -149.0 180.2 34

 35 Home mortgages 1120.9 1071.5 735.2 -86.2 -201.6 -377.9 -251.7 -247.6 35

 36 Other mortgages 117.7 226.9 286.4 230.8 33.3 -46.1 -21.2 -14.9 36

 37 Consumer credit 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 37

 38 Policy loans 0.8 3.3 3.6 5.9 0.7 3.4 2.4 1.4 38

 39 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 39

 40 Other liabilities 401.9 343.0 305.2 297.9 -14.2 36.5 52.0 207.1 40

 41 Net capital transfers paid (4) -35.0 16.6 6.8 4.4 -34.4 -28.4 0.6 -10.0 41

 42 Personal saving, FOF concept (FOF) 530.1 464.7 798.3 1157.0 913.6 1301.1 1530.5 1216.6 42

 43 - Net investment in consumer durables 252.4 239.6 231.1 134.6 50.3 86.9 121.9 160.4 43

 44 - Government insurance and pension fund reserves (5) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 -1.4 44

 45 = Personal saving, NIPA concept (FOF) (6) 277.1 225.0 567.0 1023.0 862.9 1216.0 1409.0 1057.6 45

 46 Personal saving, NIPA concept (NIPA) 242.7 336.9 317.2 551.3 670.7 634.2 668.2 687.4 46

 47 Difference 34.4 -111.9 249.8 471.7 192.2 581.8 740.8 370.3 47

 Memo:

 48 Disposable personal income 9401.8 10037.7 10507.9 10995.4 10937.2 11243.7 11787.4 12245.8 48

 Personal saving as a percentage of disposable personal income:

 49 FOF concept (FOF data) (line 42) 5.6 4.6 7.6 10.5 8.4 11.6 13.0 9.9 49

 50 NIPA concept (FOF data) (line 45) 2.9 2.2 5.4 9.3 7.9 10.8 12.0 8.6 50

 51 NIPA concept (NIPA data) (line 46) 2.6 3.4 3.0 5.0 6.1 5.6 5.7 5.6 51

 52 Difference (line 47) 0.4 -1.1 2.4 4.3 1.8 5.2 6.3 3.0 52

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

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

(3) Line 18 less line 24.

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

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

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

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

 personal outlays (table F.100, line 4).
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12 Historical Annuals, 2005-2012, December 9, 2013

L.10 Assets and Liabilities of the Personal Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 40349.1 45475.4 48622.5 42891.8 46680.8 50647.3 51430.0 55169.7 1

 2 Foreign deposits 59.9 65.2 80.5 56.9 50.2 49.7 46.9 45.1 2

 3 Checkable deposits and currency 660.0 688.4 668.8 814.3 934.9 956.7 1283.2 1371.1 3

 4 Time and savings deposits 5298.2 5837.7 6343.0 6597.4 6684.1 6812.2 7187.8 7568.8 4

 5 Money market fund shares 1011.7 1179.0 1421.0 1657.2 1386.9 1206.5 1187.5 1185.3 5

 6 Securities 15892.4 18731.9 19687.6 14216.1 17038.6 19315.6 18853.5 21144.8 6

 7 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 19.0 7

 8 U.S. savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 8

 9 Treasury bills and other Treasury securities 282.0 186.5 75.5 52.6 722.8 1004.3 594.9 838.1 9

 10 Agency- and GSE-backed securities 579.5 606.5 867.0 1052.4 350.5 343.5 316.5 184.5 10

 11 Municipal securities 1605.1 1641.4 1678.8 1725.9 1833.1 1877.4 1812.6 1660.4 11

 12 Corporate and foreign bonds 1344.5 1510.6 1961.4 1947.5 2310.7 2292.5 2425.8 2639.7 12

 13 Corporate equities (2) 8152.1 10292.9 10118.3 5927.2 7491.9 8994.9 9049.9 10327.0 13

 14 Mutual fund shares 3625.7 4174.0 4683.0 3310.6 4115.8 4594.0 4449.2 5293.7 14

 15 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 1186.1 15

 16 Pension entitlements 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 16

 17 Life insurance companies 2197.4 2390.4 2531.6 2223.2 2346.9 2563.0 2602.8 2759.4 17

 18 Private pension funds 5398.1 5800.2 6122.8 5281.4 5976.3 6625.7 6672.5 7175.3 18

 19 Governments 5635.5 6015.8 6302.3 6557.1 6882.2 7556.3 7839.9 8140.4 19

 20 Miscellaneous and other assets 3113.3 3632.6 4300.7 4343.8 4182.6 4346.0 4477.8 4526.3 20

 21 Total liabilities 16342.3 18224.8 19742.7 20070.5 19780.7 19445.7 19302.5 19417.9 21

 22 Home mortgages 9388.7 10460.2 11195.4 11117.0 10915.4 10424.3 10172.6 9920.0 22

 23 Other mortgages 1788.5 2015.4 2301.8 2529.9 2563.2 2517.0 2495.8 2480.8 23

 24 Consumer credit 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 24

 25 Policy loans 107.6 110.9 114.5 120.4 121.1 124.5 126.9 128.3 25

 26 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 26

 27 Other liabilities 2504.5 2883.4 3188.8 3487.0 3424.6 3453.6 3511.4 3660.7 27

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
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Historical Annuals, 2005-2012, December 9, 2013 13

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Personal income 10610.3 11389.8 11995.7 12430.6 12082.1 12435.2 13191.3 13743.8 1

 2 - Personal current taxes 1208.5 1352.1 1487.9 1435.2 1144.9 1191.5 1404.0 1498.0 2

 3 = Disposable personal income 9401.8 10037.7 10507.9 10995.4 10937.2 11243.7 11787.4 12245.8 3

 4 - Personal outlays 9159.1 9700.8 10190.6 10444.0 10266.5 10609.5 11119.1 11558.4 4

 5 = Personal saving, NIPA (2) 242.7 336.9 317.2 551.3 670.7 634.2 668.2 687.4 5

 6 + Government insurance and pension reserves (3) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 -1.4 6

 7 + Net investment in consumer durables 252.4 239.6 231.1 134.6 50.3 86.9 121.9 160.4 7

 8 + Consumption of fixed capital 1162.0 1236.7 1292.4 1324.2 1323.8 1318.6 1342.2 1373.0 8

 9 - Net capital transfers paid (4) -21.9 16.6 6.8 7.7 -28.4 -20.6 2.1 -5.1 9

 10 = Gross saving less net capital transfers paid 1679.6 1796.8 1834.1 2001.8 2073.6 2058.5 2129.8 2224.5 10

 11 Gross investment 1714.0 1684.9 2083.8 2473.5 2265.8 2640.3 2870.5 2594.7 11

 12 Capital expenditures 1908.1 1930.1 1834.7 1613.6 1429.3 1448.9 1509.6 1613.2 12

 13 Residential 738.9 722.7 582.3 425.3 321.0 318.3 317.1 354.3 13

 14 Consumer durable goods 1052.2 1080.2 1109.8 1044.2 970.8 1005.0 1061.2 1123.5 14

 15 Nonprofit nonresidential 126.1 137.4 153.9 155.1 147.1 134.1 139.6 143.8 15

 16 Nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -8.3 -8.4 16

 17 Net lending (+) or net borrowing (-) -194.2 -245.2 249.1 859.9 836.5 1191.4 1361.0 981.5 17

 18 Net acquisition of financial assets 973.2 998.8 1179.1 737.2 654.6 910.4 1148.8 1077.1 18

 19 Foreign deposits 2.4 5.2 15.4 -23.7 -6.6 -0.6 -2.8 -1.8 19

 20 Checkable deposits and currency -113.9 -40.0 -75.4 176.7 105.7 35.9 329.0 84.5 20

 21 Time and savings deposits 481.6 486.7 479.4 255.6 106.0 159.0 372.0 421.6 21

 22 Money market fund shares 44.4 218.1 239.9 235.1 -268.6 -183.5 40.7 -3.1 22

 23 Credit market instruments 179.1 84.4 529.2 188.3 47.7 16.3 -155.7 22.5 23

 24 Open market paper 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.3 24

 25 Treasury securities -120.2 -102.2 -35.0 147.1 536.3 324.2 -222.4 229.2 25

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

 27 Other -121.0 -99.5 -29.0 149.5 539.1 327.5 -219.7 232.0 27

 28 Agency- and GSE-backed securities 152.4 -30.6 330.5 238.6 -673.4 -6.0 11.2 -122.4 28

 29 Municipal securities 77.8 34.7 37.9 47.4 107.1 43.7 -64.8 -152.3 29

 30 Corporate and foreign bonds 43.6 170.0 202.1 -163.8 75.1 -319.4 132.1 98.5 30

 31 Other loans and advances (5) 2.7 0.4 8.5 12.2 -5.3 -0.6 -2.8 -2.5 31

 32 Mortgages 8.1 -17.3 -13.0 1.1 -3.0 -13.7 -3.2 -20.3 32

 33 Consumer credit (student loans) 0.0 10.4 8.4 7.1 -5.8 -10.4 -3.9 -7.4 33

 34 Corporate equities (6) -422.8 -648.7 -1104.0 -301.2 -5.7 -186.8 -288.9 -330.9 34

 35 Mutual fund shares 176.7 167.4 234.4 -37.7 334.1 227.7 218.7 401.5 35

 36 Security credit -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 23.6 36

 37 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 86.9 -26.3 37

 38 Pension entitlements (7) 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 38

 39 Equity in noncorporate business -41.8 3.8 -33.0 -287.0 -69.9 187.1 -52.7 -5.8 39

 40 Miscellaneous assets 58.0 37.4 66.1 55.1 34.9 6.0 70.4 -5.8 40

 41 Net increase in liabilities 1167.4 1244.1 930.0 -122.6 -181.9 -281.0 -212.2 95.5 41

 42 Credit market instruments 1184.9 1170.3 881.0 12.7 -231.2 -380.3 -186.5 28.5 42

 43 Home mortgages (8) 1053.3 997.4 701.3 -39.2 -160.0 -396.0 -228.9 -235.9 43

 44 Consumer credit 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 44

 45 Municipal securities 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 45

 46 Depository institution loans n.e.c. (9) 8.2 12.0 -9.1 4.6 33.0 52.4 -53.9 111.5 46

 47 Other loans and advances 0.0 4.8 3.2 6.2 0.5 2.4 1.9 1.2 47

 48 Commercial mortgages 7.8 17.9 13.3 -3.0 -6.8 -11.5 -6.7 -3.2 48

 49 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 49

 50 Trade payables 13.0 13.6 14.6 22.2 16.0 21.4 14.0 1.5 50

 51 Deferred and unpaid life insurance premiums 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 51

 52 Discrepancy -34.4 111.9 -249.8 -471.7 -192.2 -581.8 -740.8 -370.3 52

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

 outstandings of nonprofit organizations.

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

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

(4) Table F.9, line 63.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance and pension reserves (lines 36 and 37).

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

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

(9) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.108, line 21.
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14 Historical Annuals, 2005-2012, December 9, 2013

F.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Income before taxes 2104.1 2357.9 2194.0 2038.9 1869.7 2233.6 2382.4 2739.2 1

 2 Gross saving less net capital transfers paid 1562.9 1595.8 1598.1 1650.9 1693.9 1931.4 2048.3 2119.8 2

 3 Gross investment 1395.9 1430.3 1430.2 673.1 1819.3 1644.0 1195.3 1997.0 3

 4 Capital expenditures 1480.7 1642.0 1705.8 1665.7 1249.5 1479.9 1593.1 1777.9 4

 5 Fixed investment 1420.1 1561.4 1670.9 1680.1 1390.8 1419.5 1557.5 1712.3 5

 6 Residential 114.7 111.1 115.7 90.5 71.3 58.1 62.4 79.5 6

 7 Nonresidential 1305.4 1450.3 1555.3 1589.6 1319.5 1361.4 1495.1 1632.8 7

 8 Change in inventories 59.6 67.0 34.5 -32.0 -147.6 61.5 36.4 66.1 8

 9 Nonproduced nonfinancial assets 1.0 13.6 0.4 17.6 6.3 -1.1 -0.9 -0.4 9

 10 Net lending (+) or net borrowing (-) -84.8 -211.7 -275.6 -992.6 569.8 164.1 -397.8 219.1 10

 11 Net acquisition of financial assets 1382.9 1220.5 1554.0 -507.0 185.4 784.9 508.8 958.3 11

 12 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 -21.4 12

 13 Checkable deposits and currency 137.5 -42.5 59.3 -55.2 85.6 76.8 27.1 105.9 13

 14 Time and savings deposits 73.4 66.9 -40.7 -130.7 172.1 62.8 16.9 29.3 14

 15 Money market fund shares 55.1 72.2 129.4 179.6 -73.1 -154.6 -34.6 -3.1 15

 16 Security repurchase agreements 8.1 1.0 -7.5 -0.9 0.7 4.3 0.4 -2.2 16

 17 Credit market instruments 53.8 -14.7 -65.9 -45.5 3.3 9.3 -5.7 9.9 17

 18 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -7.5 18

 19 Treasury securities 24.1 -6.5 -4.1 -15.4 6.8 7.0 -4.6 7.8 19

 20 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -2.6 20

 21 Municipal securities 0.4 -2.7 0.6 -3.4 1.1 -2.6 -1.6 12.2 21

 22 Mortgages 7.0 -10.0 -11.0 -10.7 -5.3 2.6 -0.1 -0.0 22

 23 Consumer credit 0.4 -5.0 4.3 -1.2 -2.2 -11.4 2.3 0.0 23

 24 Mutual fund shares 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.6 24

 25 Trade receivables 344.2 24.7 214.6 -172.5 -57.4 142.8 88.9 89.1 25

 26 Miscellaneous assets 700.2 1103.5 1268.9 -239.8 12.0 623.3 434.5 752.4 26

 27 Net increase in liabilities 1467.7 1432.2 1829.5 485.6 -384.4 620.8 906.6 739.3 27

 28 Credit market instruments 713.5 947.6 1317.2 689.9 -255.7 170.9 547.3 720.1 28

 29 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 29

 30 Municipal securities 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 30

 31 Corporate bonds 63.5 218.8 323.0 225.4 411.7 438.6 410.8 579.6 31

 32 Depository institution loans n.e.c. 130.8 137.3 237.1 183.7 -336.0 -103.8 125.6 166.1 32

 33 Other loans and advances 116.5 144.7 301.2 80.2 -166.1 -85.7 64.5 -19.0 33

 34 Mortgages 368.6 371.1 376.2 126.9 -129.4 -135.9 -95.4 -35.7 34

 35 Corporate equities -341.8 -565.7 -786.8 -334.3 -62.1 -277.5 -472.3 -399.7 35

 36 Trade payables 248.7 123.4 111.1 -219.4 -65.8 186.6 32.8 121.5 36

 37 Taxes payable 6.9 8.2 -45.8 9.8 -9.5 6.4 9.9 7.8 37

 38 Miscellaneous liabilities 881.1 908.0 1270.5 638.3 79.2 348.2 839.8 301.9 38

 39 Proprietors’ net investment -40.6 10.6 -36.6 -298.7 -70.4 186.2 -51.0 -12.3 39

 40 Discrepancy 166.9 165.5 167.9 977.8 -125.4 287.4 853.0 122.8 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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Historical Annuals, 2005-2012, December 9, 2013 15

F.102 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Profits before tax (book) 1004.6 1180.1 1093.5 880.3 752.5 1034.3 1026.7 1293.7 1

 2 - Taxes on corporate income 271.9 307.7 293.8 227.4 177.8 220.6 222.3 256.9 2

 3 - Net dividends 170.8 471.1 484.6 474.2 351.7 375.5 440.3 478.8 3

 4 + Capital consumption allowance (1) 807.9 848.8 901.4 1063.8 1049.4 1077.2 1249.3 1071.4 4

 5 = U.S. internal funds, book 1369.8 1250.1 1216.6 1242.5 1272.3 1515.5 1613.4 1629.4 5

 6 + Foreign earnings retained abroad -17.8 148.7 175.5 183.8 194.2 218.2 226.1 214.2 6

 7 + Inventory valuation adjustment (IVA) -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -56.0 -10.0 7

 8 - Net capital transfers paid (2) -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -16.7 8

 9 = Total internal funds + IVA 1335.4 1363.1 1352.5 1393.1 1434.9 1671.8 1790.0 1850.3 9

 10 Gross investment 1168.5 1197.6 1184.6 415.3 1560.2 1384.4 936.9 1727.5 10

 11 Capital expenditures 1188.3 1336.3 1391.1 1358.6 1009.3 1238.9 1337.2 1504.1 11

 12 Fixed investment (3) 1130.9 1256.3 1357.5 1372.6 1142.0 1176.4 1299.0 1433.5 12

 13 Inventory change + IVA 56.4 66.3 33.3 -31.6 -139.0 63.7 39.1 71.0 13

 14 Nonproduced nonfinancial assets 1.0 13.6 0.4 17.6 6.3 -1.1 -0.9 -0.4 14

 15 Net lending (+) or net borrowing (-) -19.9 -138.6 -206.5 -943.3 551.0 145.5 -400.3 223.4 15

 16 Net acquisition of financial assets 945.7 700.7 1074.6 -604.2 302.4 633.2 494.1 890.2 16

 17 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 -21.4 17

 18 Checkable deposits and currency 60.8 -117.2 -7.6 -59.0 70.7 79.7 29.7 92.1 18

 19 Time and savings deposits 49.9 46.6 -55.7 -129.4 176.9 59.9 13.2 24.8 19

 20 Money market fund shares 52.7 69.1 127.2 178.5 -71.4 -157.7 -35.4 -4.1 20

 21 Security repurchase agreements 8.1 1.0 -7.5 -0.9 0.7 4.3 0.4 -2.2 21

 22 Credit market instruments 42.4 -14.6 -75.9 -34.6 10.0 2.6 -6.7 8.7 22

 23 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -7.5 23

 24 Treasury securities 18.1 -6.7 -7.1 -7.9 12.5 5.1 -5.1 7.2 24

 25 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -2.6 25

 26 Municipal securities 0.3 -4.0 1.1 -3.0 0.9 -3.2 -1.6 12.2 26

 27 Mortgages 1.7 -8.4 -18.4 -7.7 -4.1 -1.6 -0.6 -0.6 27

 28 Consumer credit 0.4 -5.0 4.3 -1.2 -2.2 -11.4 2.3 0.0 28

 29 Mutual fund shares 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.6 29

 30 Trade receivables 277.6 -15.2 159.8 -169.5 -31.1 105.7 83.4 82.4 30

 31 Miscellaneous assets 443.6 721.7 938.2 -347.3 104.5 518.5 428.1 711.6 31

 32 U.S. direct investment abroad (4) 24.7 219.2 307.0 262.6 269.7 303.3 399.8 365.8 32

 33 Insurance receivables 21.3 7.6 8.3 11.0 -4.0 11.9 10.0 7.4 33

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

 35 Investment in finance co. subs. 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 -0.4 35

 36 Other 333.2 471.9 677.5 -619.7 -152.0 176.5 10.0 338.8 36

 37 Net increase in liabilities 965.6 839.3 1281.1 339.1 -248.5 487.8 894.4 666.9 37

 38 Net funds raised in markets 30.0 -33.3 68.8 36.9 -209.1 -74.5 54.7 246.4 38

 39 Net new equity issues -341.8 -565.7 -786.8 -334.3 -62.1 -277.5 -472.3 -399.7 39

 40 Credit market instruments 371.9 532.4 855.6 371.2 -147.0 203.0 527.0 646.1 40

 41 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 41

 42 Municipal securities (5) 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 42

 43 Corporate bonds (4) 63.5 218.8 323.0 225.4 411.7 438.6 410.8 579.6 43

 44 Depository institution loans n.e.c. -27.1 22.1 96.3 64.2 -234.0 -83.5 68.9 78.3 44

 45 Other loans and advances (6) 110.2 127.9 287.6 67.9 -160.8 -90.4 63.5 -28.7 45

 46 Mortgages 191.1 87.9 69.1 -60.0 -128.0 -119.4 -58.1 -12.4 46

 47 Trade payables 199.0 109.0 85.1 -225.2 -82.6 156.3 25.2 120.5 47

 48 Taxes payable -1.8 -0.8 -49.6 3.1 -3.3 7.2 8.8 6.4 48

 49 Miscellaneous liabilities 738.3 764.3 1176.8 524.2 46.4 398.7 805.6 293.5 49

 50 Foreign direct investment in U.S. 98.7 192.0 212.1 189.6 104.6 157.0 195.2 165.1 50

 51 Pension fund contributions payable -1.9 -2.0 4.5 14.7 -8.4 15.4 3.0 -2.1 51

 52 Claims of pension fund on sponsor 100.4 105.6 -4.8 109.3 88.6 -9.9 -11.6 54.1 52

 53 Other 541.0 468.7 964.9 210.6 -138.4 236.2 619.1 76.4 53

 54 Discrepancy 166.9 165.5 167.9 977.8 -125.4 287.4 853.0 122.8 54

 Memo:

 55 Financing gap (7) -149.4 121.8 214.1 153.0 -269.7 -235.6 -220.1 -115.2 55

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

(2) Table F.9, line 58.

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

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

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

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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16 Historical Annuals, 2005-2012, December 9, 2013

F.103 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving = consumption of fixed capital 214.4 232.7 245.6 254.5 253.0 251.8 256.8 264.5 1

 2 Gross saving less net capital transfers paid (1) 227.5 232.7 245.6 257.8 259.0 259.6 258.4 269.5 2

 3 Gross investment 227.5 232.7 245.6 257.8 259.0 259.6 258.4 269.5 3

 4 Capital expenditures 292.4 305.7 314.7 307.1 240.2 241.0 255.8 273.8 4

 5 Fixed investment (2) 289.2 305.0 313.5 307.5 248.8 243.1 258.5 278.7 5

 6 Change in inventories 3.2 0.6 1.2 -0.4 -8.5 -2.2 -2.7 -4.9 6

 7 Net lending (+) or net borrowing (-) -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 7

 8 Net acquisition of financial assets 437.2 519.8 479.4 97.2 -117.0 151.7 14.7 68.1 8

 9 Checkable deposits and currency 76.6 74.6 66.9 3.8 14.9 -2.8 -2.6 13.8 9

 10 Time and savings deposits 23.5 20.3 14.9 -1.2 -4.8 2.9 3.7 4.5 10

 11 Money market mutual funds 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 1.0 11

 12 Credit market instruments 11.4 -0.1 10.0 -10.9 -6.7 6.6 1.0 1.2 12

 13 Treasury securities 6.0 0.2 3.0 -7.5 -5.7 1.9 0.5 0.6 13

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

 15 Mortgages 5.3 -1.5 7.4 -3.0 -1.2 4.2 0.4 0.5 15

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

 17 Trade receivables 66.6 40.0 54.7 -3.0 -26.3 37.0 5.5 6.8 17

 18 Miscellaneous assets 256.6 381.8 330.7 107.5 -92.5 104.8 6.3 40.8 18

 19 Insurance receivables 5.5 4.4 3.7 3.4 -9.8 29.7 -11.6 15.1 19

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

 21 Other 251.2 377.2 326.4 102.9 -82.7 74.7 17.6 25.6 21

 22 Net increase in liabilities 502.1 592.8 548.5 146.6 -135.8 133.1 12.2 72.4 22

 23 Credit market instruments 341.6 415.2 461.6 318.7 -108.7 -32.1 20.3 74.0 23

 24 Depository institution loans n.e.c. 157.8 115.2 140.8 119.5 -102.0 -20.3 56.7 87.8 24

 25 Other loans and advances 6.3 16.8 13.7 12.3 -5.3 4.7 1.0 9.6 25

 26 Mortgages 177.4 283.2 307.1 186.9 -1.4 -16.5 -37.4 -23.4 26

 27 Trade payables 49.6 14.4 26.0 5.7 16.8 30.3 7.6 0.9 27

 28 Taxes payable 8.7 9.0 3.8 6.7 -6.3 -0.7 1.1 1.3 28

 29 Miscellaneous liabilities 142.8 143.7 93.7 114.1 32.8 -50.6 34.1 8.4 29

 30 Proprietors’ net investment -40.6 10.6 -36.6 -298.7 -70.4 186.2 -51.0 -12.3 30

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

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

(3) Equity in the Farm Credit System.
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Historical Annuals, 2005-2012, December 9, 2013 17

F.104 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Current receipts, NIPA basis 1708.8 1810.9 1900.6 1909.1 1919.2 1998.5 2029.9 2039.4 1

 2 Personal current taxes 276.4 302.5 323.5 333.5 287.8 297.6 327.0 348.8 2

 3 Taxes on production and imports 835.1 892.7 940.0 947.9 934.8 960.4 988.5 1004.9 3

 4 Taxes on corporate income 54.9 59.2 57.9 47.4 45.6 47.7 50.7 51.4 4

 5 Contributions for govt. social insurance 24.6 21.5 18.9 18.7 18.6 18.1 18.3 17.5 5

 6 Income receipts on assets 88.6 107.2 117.9 105.7 87.8 82.6 80.0 78.5 6

 7 Current transfer receipts 436.4 438.9 460.9 477.8 566.1 612.0 581.8 552.6 7

 8 Current surplus of government enterprises -7.3 -11.1 -18.5 -22.0 -21.4 -19.8 -16.5 -14.3 8

 9 Current expenditures, NIPA basis 1775.4 1850.3 1973.3 2074.1 2191.2 2235.8 2243.0 2292.1 9

 10 Consumption expenditures 1256.6 1325.9 1411.4 1488.7 1508.4 1518.3 1517.4 1536.4 10

 11 Govt. social benefit payments to persons 406.6 403.9 433.3 455.4 492.6 523.8 532.0 544.3 11

 12 Interest payments 111.8 120.1 121.5 127.0 188.8 192.1 192.9 211.0 12

 13 Subsidies 0.4 0.4 7.1 3.0 1.4 1.6 0.5 0.5 13

 14 Net saving, NIPA basis -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -213.1 -252.7 14

 15 + Consumption of fixed capital 157.3 170.3 186.6 200.2 208.2 212.7 221.7 231.4 15

 16 - Net capital transfers paid (2) -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.9 -74.1 16

 17 = Gross saving less net capital transfers paid 141.1 188.7 173.2 98.3 4.0 52.2 82.5 52.8 17

 18 Gross investment 324.2 316.5 285.8 36.2 -58.9 51.2 18.0 99.3 18

 19 Fixed investment 290.8 314.3 340.8 358.8 363.0 351.9 337.2 334.9 19

 20 Nonproduced nonfinancial assets 10.0 11.0 13.6 13.8 12.3 10.6 10.1 10.2 20

 21 Net lending (+) or net borrowing (-) 23.4 -8.7 -68.6 -336.4 -434.2 -311.2 -329.4 -245.8 21

 22 Net acq. of financial assets 254.1 205.1 237.9 -103.4 10.8 66.1 -56.7 -61.0 22

 23 Checkable deposits and currency 15.8 5.4 -0.2 8.5 19.2 5.6 16.6 -8.9 23

 24 Time and savings deposits 3.2 16.9 33.3 18.8 9.3 -6.9 14.4 20.3 24

 25 Money market fund shares 13.6 15.4 17.8 2.7 9.8 13.7 -0.1 -7.5 25

 26 Security repurchase agreements 5.7 5.7 6.2 -12.0 -4.2 -1.4 -6.5 -5.9 26

 27 Credit market instruments 170.2 126.0 153.6 -97.8 -37.3 61.1 -77.4 -57.5 27

 28 Open market paper -0.1 -1.4 -2.4 -22.0 -39.0 13.0 -10.8 -4.6 28

 29 Treasury securities 107.3 58.3 77.3 -46.4 -17.4 6.8 -45.5 -9.3 29

 30 Agency- and GSE-backed securities 35.7 39.0 44.3 -18.3 9.8 22.5 -12.7 -25.0 30

 31 Municipal securities 1.2 1.4 1.6 0.4 1.0 1.4 0.1 -0.6 31

 32 Corporate and foreign bonds 11.5 12.6 14.3 -5.6 3.3 7.4 -4.0 -8.0 32

 33 Mortgages 14.6 16.1 18.3 -6.0 5.0 10.0 -4.5 -9.9 33

 34 Corporate equities 4.4 4.5 4.9 -7.8 -2.3 -0.2 -4.3 -4.3 34

 35 Mutual fund shares 3.5 3.9 4.4 -0.7 1.7 2.8 -0.7 -2.2 35

 36 Trade receivables 17.4 8.9 7.8 -15.4 -4.6 13.1 2.3 8.3 36

 37 Taxes receivable 14.3 12.1 3.0 5.6 -5.9 0.7 2.2 1.3 37

 38 Miscellaneous assets 6.0 6.4 7.2 -5.3 25.2 -22.4 -3.2 -4.6 38

 39 Net increase in liabilities 230.7 213.9 306.5 233.0 445.0 377.3 272.7 184.8 39

 40 Credit market instruments 141.7 100.9 146.7 17.9 113.0 69.5 -52.7 -5.3 40

 41 Municipal securities 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 41

 42 Short-term (3) -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 3.8 42

 43 Long-term 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 -9.4 43

 44 U.S. government loans 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 44

 45 Trade payables 31.9 34.3 36.7 38.6 38.9 38.5 38.4 39.1 45

 46 Claims of pension fund on sponsor (4) 57.1 78.7 123.1 176.5 293.0 269.3 287.0 151.0 46

 47 Discrepancy -183.1 -127.9 -112.7 62.1 62.9 0.9 64.6 -46.5 47

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

(2) Table F.9, line 62.

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

(4) Included in miscellaneous liabilities.
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18 Historical Annuals, 2005-2012, December 9, 2013

F.105 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Current receipts, NIPA basis 2298.1 2531.7 2660.8 2505.7 2230.1 2391.7 2516.7 2663.0 1

 2 Personal current taxes 932.1 1049.6 1164.4 1101.7 857.2 893.8 1077.0 1149.2 2

 3 Taxes on production and imports 99.4 99.2 94.6 94.0 91.4 96.8 108.6 118.0 3

 4 Taxes on corporate income 341.0 395.0 362.8 233.7 200.4 298.7 294.2 351.0 4

 5 Taxes from the rest of the world 12.1 14.6 15.3 18.8 14.8 15.7 16.3 17.8 5

 6 Contributions for govt. social insurance 853.4 905.7 947.2 974.4 950.8 970.9 904.3 937.8 6

 7 Income receipts on assets 27.2 29.0 33.4 33.9 48.5 54.6 57.4 52.9 7

 8 Current transfer receipts 32.0 36.8 41.0 48.6 66.2 64.4 66.1 49.7 8

 9 Current surplus of government enterprises 0.9 1.8 2.0 0.8 0.7 -3.1 -7.3 -13.4 9

 10 Current expenditures, NIPA basis 2603.5 2759.8 2927.5 3140.8 3479.9 3721.3 3764.9 3772.7 10

 11 Consumption expenditures 723.4 763.9 798.4 879.8 933.7 1003.9 1008.7 1011.7 11

 12 Government social benefits 1090.9 1196.7 1272.2 1407.4 1624.9 1726.6 1745.3 1790.5 12

 13 Other current transfer payments 384.2 375.8 401.3 416.0 510.7 555.9 529.0 493.1 13

 14 Interest payments 344.4 372.3 408.2 388.0 353.6 380.6 422.6 420.6 14

 15 Subsidies 60.5 51.1 47.5 49.6 56.9 54.3 59.4 56.8 15

 16 Net saving, NIPA basis -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 16

 17 + Consumption of fixed capital 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 17

 18 - Insurance and pension reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 -1.4 18

 19 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 4.6 19

 20 - Net capital transfers paid (2) 60.3 43.2 53.0 49.9 64.4 84.8 81.4 79.9 20

 21 = Gross saving less net capital transfers paid -181.7 -75.3 -111.7 -462.9 -1085.1 -1172.2 -1077.2 -930.5 21

 22 Gross investment -201.9 -86.7 -142.5 -533.6 -1023.2 -1117.0 -1061.0 -842.9 22

 23 Fixed investment 222.9 238.0 251.4 275.8 284.0 300.0 295.4 284.0 23

 24 Nonproduced nonfinancial assets -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -1.4 24

 25 Net lending (+) or net borrowing (-) -422.8 -310.4 -390.6 -789.0 -1298.3 -1416.0 -1355.5 -1125.6 25

 26 Net acq. of financial assets 30.8 -14.4 0.6 580.0 237.8 281.9 -154.8 116.4 26

 27 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 27

 28 Checkable deposits and currency 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 28

 29 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 29

 30 Credit market instruments -0.9 5.9 6.9 93.4 309.1 84.4 19.1 105.0 30

 31 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 31

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

 33 Other loans and advances -7.0 0.6 -2.2 6.0 66.0 3.5 4.8 2.5 33

 34 Mortgages 2.4 3.7 2.1 13.5 12.6 -5.4 4.0 1.7 34

 35 Consumer credit (3) 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 35

 36 Corporate equities (4) 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 36

 37 Trade receivables 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 37

 38 Taxes receivable 26.0 -6.5 -35.4 -62.0 35.9 27.1 20.8 11.9 38

 39 Miscellaneous assets -0.3 3.1 1.9 -28.0 35.4 -3.5 1.9 -1.0 39

 40 Net increase in liabilities 453.6 296.0 391.2 1369.0 1536.1 1697.8 1200.7 1242.1 40

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

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

 43 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 43

 44 Credit market instruments 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 1140.2 44

 45 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 45

 46 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 -249.5 107.0 46

 47 Other Treasury securities 347.1 206.4 184.7 379.8 1519.8 1601.8 1319.0 1036.3 47

 48 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 48

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

 50 Trade payables 33.7 6.2 29.3 22.6 -56.2 6.3 9.4 7.9 50

 51 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 1.3 0.3 51

 52 Miscellaneous liabilities 111.1 104.3 124.3 107.1 97.0 110.7 122.1 93.7 52

 53 Nonmarketable securities held by pension plans (5) 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 53

 54 Claims of pension fund on sponsor 43.1 44.9 47.7 17.6 15.6 20.2 19.2 48.2 54

 55 Other 28.1 23.6 43.3 26.2 19.5 24.9 32.1 5.0 55

 56 Discrepancy 20.2 11.4 30.8 70.6 -61.9 -55.3 -16.2 -87.6 56

 Memo:

 57 Change in cash balance (6) 4.6 -5.5 27.5 308.6 -173.2 148.9 -258.0 7.5 57

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

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

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

 the government purchased from depository institutions and finance companies.

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

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

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 29) plus checkable deposit and currency liabilities of the monetary authority and U.S.-chartered depository institutions sectors (table F.204, lines 3 and 8).
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Historical Annuals, 2005-2012, December 9, 2013 19

F.106 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Foreign income from U.S. 2623.3 2998.4 3250.3 3378.4 2608.7 3018.1 3360.9 3453.5 1

 2 U.S. imports 2026.1 2240.9 2375.5 2556.4 1976.0 2362.0 2669.9 2743.1 2

 3 U.S. income payments to rest of world 482.3 655.7 749.1 683.8 496.5 514.1 542.1 565.7 3

 4 Current taxes and trans. payments to rest of world 114.9 101.7 125.7 138.3 136.1 142.0 149.0 144.6 4

 5 Foreign outlays to U.S. 1886.1 2202.7 2541.3 2699.9 2227.5 2563.5 2904.0 3014.5 5

 6 U.S. exports 1310.4 1478.5 1665.7 1843.1 1583.8 1843.5 2101.1 2195.9 6

 7 U.S. income receipts from rest of world 575.8 724.2 875.5 856.8 643.7 720.0 802.8 818.6 7

 8 - Net capital transfers paid (1) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.6 8

 9 Gross saving less net capital transfers paid (2) 724.3 797.7 709.5 673.1 381.7 455.2 458.6 432.4 9

 10 Gross investment 713.9 807.3 618.1 736.6 230.9 437.9 550.4 446.3 10

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

 12 Net lending (+) or net borrowing (-) 713.8 807.4 617.6 736.6 230.9 437.9 550.5 446.3 12

 13 Net acquisition of financial assets 1112.4 1874.0 1802.4 569.9 236.5 1196.8 1108.4 696.8 13

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

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

 16 Net interbank assets -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 16

 17 U.S. checkable deposits and currency 14.9 11.4 -5.4 64.0 -9.2 29.5 81.8 68.2 17

 18 U.S. time deposits 20.3 34.0 40.7 78.5 -73.2 9.0 47.2 36.8 18

 19 Money market fund shares 0.1 4.1 19.0 23.7 7.2 -7.1 -50.8 36.8 19

 20 Security repurchase agreements 48.2 54.6 80.2 -580.4 -42.7 74.2 123.3 2.6 20

 21 Credit market instruments 752.0 973.6 943.4 377.2 123.5 623.7 239.6 452.0 21

 22 Open market paper 9.9 46.7 -8.3 -45.1 -41.4 -0.5 0.7 3.4 22

 23 Treasury securities 245.1 150.3 165.3 711.6 554.4 740.4 357.9 589.5 23

 24 Official 112.8 208.6 98.4 548.7 569.9 442.0 169.8 433.2 24

 25 Private 132.3 -58.2 66.8 162.9 -15.5 298.3 188.0 156.4 25

 26 Agency- and GSE-backed securities 134.3 224.0 248.8 -228.6 -226.0 -72.3 -41.6 -71.8 26

 27 Official 88.5 203.6 236.1 -31.3 -169.5 -96.0 -29.5 -126.0 27

 28 Private 45.8 20.4 12.7 -197.3 -56.6 23.8 -12.1 54.2 28

 29 Municipal securities 3.0 5.4 10.7 5.9 7.7 13.1 -1.4 -2.4 29

 30 U.S. corporate bonds (4) 328.5 541.0 424.6 -21.8 -127.3 -36.8 -109.9 -16.9 30

 31 Loans to U.S. corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -49.9 31

 32 U.S. corporate equities 56.9 96.2 217.6 105.8 154.9 74.6 37.0 35.8 32

 33 Mutual fund shares 32.3 45.2 39.1 -2.7 57.2 111.5 147.5 159.4 33

 34 Trade receivables 7.9 5.9 20.8 6.5 6.6 19.8 17.7 11.5 34

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

 36 Miscellaneous assets 190.5 643.7 556.6 141.9 166.5 323.5 251.2 29.8 36

 37 Foreign direct investment in U.S. (5) 112.6 243.2 221.2 310.1 150.4 205.9 230.2 166.4 37

 38 Other 77.9 400.5 335.4 -168.2 16.1 117.7 21.0 -136.6 38

 39 Net increase in liabilities 398.6 1066.6 1184.7 -166.7 5.7 758.9 557.9 250.5 39

 40 U.S. official reserve assets -14.1 -2.4 0.1 4.8 52.3 1.8 15.9 4.5 40

 41 U.S. private deposits 40.8 87.2 256.0 -394.3 -110.7 -9.3 -46.3 -30.2 41

 42 Security repurchase agreements 2.7 52.3 115.3 -366.3 55.7 200.3 71.6 39.7 42

 43 Credit market instruments 115.8 335.7 175.6 -216.2 208.1 81.4 128.9 126.2 43

 44 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 44

 45 Bonds 64.5 227.8 218.7 -158.8 163.3 59.9 137.7 62.2 45

 46 Depository institution loans n.e.c. 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 46

 47 Official -3.6 -0.7 0.2 1.7 -0.0 2.1 -1.2 0.8 47

 48 Banks 5.0 2.9 8.9 5.4 -5.2 15.6 16.8 0.6 48

 49 Other 15.9 14.7 20.2 8.0 -9.6 6.3 27.6 29.1 49

 50 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.2 1.4 5.7 50

 51 Foreign corporate equities (6) 186.7 137.3 147.8 -38.5 63.7 79.1 6.0 82.6 51

 52 Trade payables 6.3 6.2 12.4 -9.9 6.1 25.8 -32.2 6.3 52

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

 54 Miscellaneous liabilities 60.4 450.3 477.5 853.7 -269.5 379.7 414.1 21.5 54

 55 U.S. equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 55

 56 Nonofficial foreign currencies -2.2 -0.0 23.9 529.8 -543.3 -10.1 99.7 -91.0 56

 57 U.S. direct investment abroad (4,5) 36.2 244.9 414.0 329.1 310.4 301.1 409.0 388.3 57

 58 Investment by holding companies 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 58

 59 Other 5.5 162.1 -4.3 2.6 -61.7 75.8 -127.8 -226.8 59

 60 Discrepancy (FOF basis) (7) 10.4 -9.6 91.3 -63.4 150.8 17.3 -91.9 -13.9 60

 Memo:

 61 Net U.S. exports, NIPA basis -715.7 -762.4 -709.8 -713.2 -392.2 -518.5 -568.7 -547.2 61

 62 + Net U.S. income receipts (8) 93.5 68.4 126.5 173.0 147.2 206.0 260.8 252.8 62

 63 - Current taxes and trans. payments to rest of world 114.9 101.7 125.7 138.3 136.1 142.0 149.0 144.6 63

 64 = Balance on current account, NIPAs -737.1 -795.7 -709.1 -678.5 -381.2 -454.5 -457.0 -439.0 64

(1) Table F.9, line 64.

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

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

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

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

(6) Includes American Depositary Receipts (ADRs).

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

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
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20 Historical Annuals, 2005-2012, December 9, 2013

F.107 Financial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving less net capital transfers paid 196.0 220.2 117.7 38.6 350.6 384.6 333.2 331.2 1

 2 Gross investment 537.5 465.4 399.8 75.8 0.9 -24.3 73.1 254.9 2

 3 Capital expenditures 182.4 192.2 202.2 196.3 166.7 167.4 181.5 198.7 3

 4 Fixed residential investment 2.5 3.5 -9.3 0.1 -0.1 4.7 6.3 5.3 4

 5 Fixed nonresidential investment 180.0 188.7 211.5 196.2 166.9 162.8 175.2 193.4 5

 6 Net lending (+) or net borrowing (-) 355.1 273.2 197.5 -120.5 -165.8 -191.7 -108.3 56.2 6

 7 Net acqisition of financial assets 3643.8 4519.4 5183.9 4599.3 -1192.6 -376.2 1929.7 1779.7 7

 8 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 0.2 8

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

 10 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 0.6 10

 11 Foreign deposits 7.7 -10.0 34.4 -14.6 11.6 8.7 -62.9 0.4 11

 12 Net interbank assets 3.5 0.1 54.2 1351.5 -349.5 -106.9 603.0 -64.1 12

 13 Checkable deposits and currency -57.0 51.4 32.3 66.5 -34.7 -29.3 36.8 10.9 13

 14 Time and savings deposits 32.3 31.4 94.9 121.4 129.2 -108.4 -46.2 12.2 14

 15 Money market fund shares 12.0 -6.7 330.8 283.2 -174.0 -171.8 -68.0 -16.0 15

 16 Federal funds and security repos 140.5 67.2 240.4 -67.5 -84.0 6.5 -59.1 96.8 16

 17 Credit market instruments 2422.3 2899.2 3004.4 2124.8 -976.9 -204.7 1050.2 1082.2 17

 18 Open market paper 204.7 241.1 -95.5 -8.1 -396.8 -103.3 -76.3 -7.9 18

 19 Treasury securities 51.0 83.8 34.0 442.1 363.5 501.2 981.4 323.2 19

 20 Agency- and GSE-backed securities -248.4 97.7 284.1 725.4 683.6 55.1 142.1 230.2 20

 21 Municipal securities 115.6 131.2 184.7 42.1 38.4 44.1 15.0 138.2 21

 22 Corporate and foreign bonds 489.7 518.5 609.9 -25.1 37.4 271.6 204.8 358.8 22

 23 Depository institution loans n.e.c. 171.8 154.8 337.5 699.9 -753.4 -90.4 146.6 184.1 23

 24 Other loans and advances 129.9 156.6 419.1 145.5 -463.8 -209.7 -27.2 41.7 24

 25 Mortgages 1411.7 1400.3 1099.1 93.5 -302.1 -536.7 -318.2 -230.6 25

 26 Consumer credit 96.3 115.0 131.6 9.6 -183.7 -136.7 -18.0 44.6 26

 27 Corporate equities 284.8 179.5 422.0 213.5 170.4 81.4 -86.3 164.1 27

 28 Mutual fund shares 47.0 96.7 88.6 47.7 68.9 17.1 -14.3 68.9 28

 29 Trade receivables -0.4 13.4 1.8 -14.9 -38.0 -8.6 -0.8 -1.6 29

 30 Security credit 3.3 131.1 65.7 -274.2 -21.8 97.9 39.7 165.2 30

 31 Life insurance reserves 0.0 7.9 16.2 5.3 2.8 8.2 7.3 14.7 31

 32 Miscellaneous assets 747.3 1056.1 797.1 756.1 96.0 32.5 530.0 245.3 32

 33 Net increase in liabilities 3288.7 4246.2 4986.3 4719.8 -1026.8 -184.5 2038.1 1723.6 33

 34 Net interbank liabilities -3.8 1.4 -50.6 1740.5 -541.1 -145.2 818.5 -188.2 34

 35 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 268.5 35

 36 Time and savings deposits 609.9 636.1 608.8 342.4 343.7 115.6 404.1 520.4 36

 37 Money market fund shares 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 37

 38 Federal funds and security repos 329.0 452.3 101.6 -1248.9 290.4 4.5 -64.4 17.1 38

 39 Credit market instruments 1113.8 1336.4 1813.9 896.8 -1808.7 -931.9 -434.9 -395.6 39

 40 Open market paper 214.2 196.4 -111.5 -125.4 -448.1 -102.2 -68.2 -58.8 40

 41 Agency- and GSE-backed securities 80.4 328.2 905.7 768.7 -60.1 -46.9 -21.9 -22.4 41

 42 Corporate and foreign bonds 745.3 795.4 709.2 -283.0 -586.0 -575.3 -325.6 -209.6 42

 43 Depository institution loans n.e.c. 15.5 -11.5 80.1 496.4 -435.4 -62.9 31.6 -124.0 43

 44 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -144.7 -60.0 3.5 44

 45 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 15.6 45

 46 Corporate equities 78.4 60.0 179.6 639.5 316.3 191.3 164.1 168.6 46

 47 Mutual fund shares 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 47

 48 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.8 -0.0 48

 49 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 137.1 124.0 49

 50 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 16.4 92.8 -11.9 50

 51 Pension entitlements 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 51

 52 Taxes payable -11.6 14.3 -23.5 -133.6 6.1 13.0 10.7 6.6 52

 53 Equity in noncorporate business -1.2 -6.8 3.6 11.6 0.6 0.9 -1.7 6.5 53

 54 Miscellaneous liabilities 137.1 417.3 461.1 480.3 63.5 6.8 54.0 117.3 54

 55 Discrepancy -341.5 -245.2 -282.1 -37.2 349.7 408.8 260.1 76.3 55

(1) Sum of financial sectors shown on tables F.108 and F.110 through F.130.
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Historical Annuals, 2005-2012, December 9, 2013 21

F.108 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 5.1 4.7 1.2 3.0 -0.8 -8.6 -0.3 -17.6 1

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

 3 Net acquisition of financial assets 37.4 29.6 43.1 1319.3 -3.4 186.0 494.0 7.7 3

 4 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 0.2 4

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

 6 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 0.6 6

 7 Federal Reserve float (2) -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 0.1 7

 8 Interbank loans (2) 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 -0.1 8

 9 Discount window (3) 0.0 -0.0 48.6 495.4 -447.4 -96.4 -0.0 -0.1 9

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

 11 Security repurchase agreements 13.8 -6.0 5.8 33.5 -80.0 0.0 0.0 0.0 11

 12 Credit market instruments 26.4 34.7 -38.3 245.4 1001.6 271.5 376.5 34.5 12

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

 14 Treasury securities 26.4 34.7 -38.3 -264.7 300.7 244.9 642.0 2.7 14

 15 Treasury bills 8.3 5.7 -49.2 -209.4 0.0 0.0 0.0 -18.4 15

 16 Other Treasury securities 18.1 29.0 10.9 -55.3 300.7 244.9 642.0 21.1 16

 17 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1048.5 71.4 -197.9 61.8 17

 18 Mortgage-backed securities 0.0 0.0 0.0 0.0 908.4 83.8 -154.5 89.0 18

 19 Other agency- and GSE-baked securities 0.0 0.0 0.0 19.7 140.2 -12.4 -43.5 -27.2 19

 20 Depository institution loans n.e.c. 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 -29.9 20

 21 Households (TALF) (5) 0.0 0.0 0.0 0.0 47.5 -22.8 -15.7 -8.5 21

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

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

 24 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 29.1 0.1 -3.4 -21.0 -4.9 24

 25 Funding corporations (AIG) 0.0 0.0 0.0 38.9 -16.7 -2.2 -20.0 0.0 25

 26 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 19.5 -3.5 -2.5 -6.7 -6.8 26

 27 Funding corporations (Maiden Lane III) (9) 0.0 0.0 0.0 24.4 -5.9 -4.4 -4.2 -9.8 27

 28 Funding corporations (CPFF) (10) 0.0 0.0 0.0 333.0 -323.6 -9.4 0.0 0.0 28

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

 30 Miscellaneous assets -3.2 0.1 25.8 530.2 -493.8 7.8 142.9 -27.6 30

 31 Nonofficial foreign currencies (12) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 31

 32 Other -3.2 0.1 1.8 0.5 49.6 18.0 43.1 63.4 32

 33 Net increase in liabilities 36.1 27.2 39.9 1316.7 -8.0 185.1 493.7 7.3 33

 34 Depository institution reserves -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 -71.2 34

 35 Vault cash of depository institutions 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 35

 36 Checkable deposits and currency 30.1 23.5 17.8 428.2 -117.6 185.0 -122.1 62.1 36

 37 Due to federal government -1.4 0.2 11.4 349.3 -173.8 149.0 -255.0 7.0 37

 38 Treasury cash holdings -0.1 0.1 0.0 0.0 -0.0 -0.1 -0.0 0.0 38

 39 Treasury general deposit account -1.3 0.1 11.4 90.0 80.5 -45.9 -55.0 7.0 39

 40 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 -254.3 195.0 -200.0 0.0 40

 41 Due to rest of the world 0.0 0.0 -0.0 1.3 1.0 0.9 -3.2 6.3 41

 42 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 51.1 -37.4 42

 43 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 85.0 86.2 43

 44 Security repurchase agreements -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 7.3 44

 45 Miscellaneous liabilities 2.8 3.2 2.5 2.2 6.1 29.2 -26.7 2.0 45

 46 Federal Reserve Bank stock 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 46

 47 Other 1.1 1.4 -0.7 -0.5 1.5 28.3 -27.1 1.5 47

 48 Discrepancy 3.4 1.6 -2.7 -0.2 -6.0 -10.0 -1.2 -18.6 48

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

(2) Shown on table F.203.

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

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

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
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22 Historical Annuals, 2005-2012, December 9, 2013

F.109 Private Depository Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving less net capital transfers paid (2) 12.0 -10.4 -30.7 35.2 90.9 142.9 76.1 27.5 1

 2 Fixed nonresidential investment 31.4 35.6 32.3 33.0 29.7 24.7 24.0 25.7 2

 3 Net lending (+) or net borrowing (-) 206.2 145.0 172.3 122.3 -458.0 -185.1 -92.2 -86.9 3

 4 Net acquisition of financial assets 967.2 874.8 952.0 1224.8 -518.6 -240.1 830.9 449.8 4

 5 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 5

 6 Reserves at Federal Reserve -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 -71.2 6

 7 Credit market instruments 893.2 759.8 822.0 392.2 -597.4 -194.4 208.9 413.6 7

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

 9 Treasury securities -7.0 0.6 10.4 -20.8 94.7 103.0 -46.7 86.6 9

 10 Agency- and GSE-backed securities 46.0 18.7 -115.8 142.2 172.6 138.5 133.6 49.7 10

 11 Municipal securities 18.5 25.1 12.6 20.4 3.4 29.3 46.8 66.0 11

 12 Corporate and foreign bonds 145.0 106.9 232.9 -39.3 -137.8 -124.7 4.3 -6.2 12

 13 Depository institution loans n.e.c. 171.8 154.8 337.5 209.5 -405.8 -45.7 214.1 214.0 13

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

 15 Mortgages 485.2 394.3 286.3 -4.5 -245.2 -213.9 -146.8 -45.2 15

 16 Consumer credit 33.8 59.6 58.6 69.7 -63.6 -81.0 3.6 48.7 16

 17 Corporate equities -0.9 -0.4 1.4 0.9 6.3 -1.7 0.9 5.1 17

 18 Mutual fund shares -2.8 3.8 3.6 1.3 14.1 -5.6 -0.5 8.7 18

 19 Security credit 34.8 71.5 32.3 -113.5 -59.9 22.7 79.0 100.3 19

 20 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 4.8 7.4 20

 21 Miscellaneous assets 39.3 30.5 76.4 95.5 3.3 -54.4 -64.5 -21.2 21

 22 Net increase in liabilities 761.0 729.7 779.7 1102.4 -60.6 -55.0 923.1 536.7 22

 23 Net interbank liabilities -7.4 0.1 -56.0 898.6 -655.3 -134.1 216.2 -124.1 23

 24 Checkable deposits -25.6 -43.5 18.9 140.2 109.7 81.3 356.7 206.4 24

 25 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.3 577.4 539.7 25

 26 Large time deposits 295.4 289.2 292.3 -182.4 -173.6 -182.7 -173.3 -19.2 26

 27 Federal funds and security repos (net) 94.7 47.3 -92.5 -340.8 294.2 -140.5 -80.3 -120.2 27

 28 Credit market instruments 57.5 47.9 236.0 7.2 -306.3 -162.1 -75.8 -26.3 28

 29 Open market paper 0.0 -0.2 -0.1 0.0 0.1 -20.1 7.6 -33.1 29

 30 Corporate bonds 13.5 29.6 24.8 0.1 -28.5 6.7 -21.0 1.3 30

 31 Other loans and advances 43.9 18.5 211.2 7.1 -278.0 -148.7 -62.5 5.6 31

 32 Corporate equity issues 8.4 10.2 7.5 12.1 11.6 11.9 6.4 2.1 32

 33 Taxes payable (net) -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 6.7 33

 34 Miscellaneous liabilities 31.2 33.0 72.6 128.8 134.5 166.2 85.4 71.7 34

 35 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 16.6 12.4 27.2 -2.4 35

 36 Investment by holding companies 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 36

 37 Investment by funding corporations 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 37

 38 Other -27.0 -86.5 -84.3 -45.2 24.7 152.0 15.8 -15.3 38

 39 Discrepancy -225.6 -191.1 -235.2 -120.2 519.2 303.3 144.3 88.7 39

 Memo:

 40 Consumer leases not included above (3) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 -0.1 0.4 40

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

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

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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Historical Annuals, 2005-2012, December 9, 2013 23

F.110 U.S.-Chartered Depository Institutions, Excluding Credit Unions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving less net capital transfers paid (1) -0.2 -23.1 -42.5 26.3 82.2 132.2 63.1 12.1 1

 2 Fixed nonresidential investment 24.7 27.8 25.2 26.8 24.2 20.3 19.1 20.0 2

 3 Net acquisition of financial assets 730.1 681.9 695.5 964.9 -314.8 -360.2 340.7 403.4 3

 4 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 4

 5 Reserves at Federal Reserve -5.2 -0.1 1.7 596.6 53.7 -89.7 224.8 -6.7 5

 6 Credit market instruments 700.3 626.2 588.5 250.4 -340.5 -174.7 133.7 361.8 6

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

 8 Treasury securities -6.1 2.2 5.6 -23.7 68.1 93.0 -43.7 69.3 8

 9 Agency- and GSE-backed securities 52.5 34.2 -111.0 136.2 168.0 110.1 106.9 35.5 9

 10 Residential mortgage pass-through securities 22.9 52.5 -49.1 153.9 -13.4 -2.2 63.8 18.6 10

 11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.1 -0.2 4.8 8.6 11

 12 Residential CMOs and other structured MBS 2.9 -2.3 -5.9 19.8 70.1 129.4 80.3 -10.8 12

 13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.1 -0.4 9.8 21.0 13

 14 Other 26.7 -16.0 -56.1 -37.5 111.3 -16.6 -51.8 -1.9 14

 15 Municipal securities 18.3 24.2 11.9 19.9 2.4 30.3 42.6 65.8 15

 16 Corporate and foreign bonds 67.7 71.8 151.5 -63.2 25.1 -98.2 2.5 -1.4 16

 17 Private residential mortgage pass-through securities 4.5 11.9 11.0 -25.7 6.6 -9.7 -3.1 15.3 17

 18 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 1.1 -6.4 -2.5 0.4 18

 19 Private residential CMOs and other structured MBS 56.3 20.3 104.3 -43.3 -51.6 -70.6 -22.0 -20.8 19

 20 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 -3.8 -1.4 2.7 4.1 20

 21 Other 7.3 40.1 35.8 5.0 73.7 -10.7 27.8 -0.1 21

 22 Depository institution loans n.e.c. 97.2 82.0 229.3 138.7 -280.8 -34.6 163.6 216.6 22

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

 24 Mortgages 450.2 359.6 243.0 -43.4 -243.3 -205.0 -145.4 -52.2 24

 25 Consumer credit 20.5 52.2 58.1 70.1 -64.5 -70.3 7.1 28.1 25

 26 Corporate equities -0.9 -0.4 1.4 0.9 6.3 -1.8 1.0 5.1 26

 27 Mutual fund shares -1.8 3.9 3.6 1.3 14.8 -5.8 -0.8 8.3 27

 28 Security credit -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 42.3 28

 29 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 4.8 7.4 29

 30 Miscellaneous assets 35.7 21.5 56.8 93.8 12.1 -84.7 -68.2 -21.9 30

 31 Net increase in liabilities 564.6 553.5 596.2 896.9 -15.8 -143.4 458.4 500.5 31

 32 Net interbank liabilities -11.9 89.9 116.5 646.6 -487.1 -210.8 -266.0 -109.3 32

 33 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 0.1 33

 34 Borrowing from Federal Reserve banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 -0.1 34

 35 To domestic banking -7.2 -11.2 25.4 33.4 16.8 -26.3 38.1 -24.6 35

 36 To foreign banks -4.7 102.4 42.2 103.6 -40.2 -88.8 -304.9 -84.8 36

 37 Checkable deposits -33.0 -35.7 13.5 137.9 94.0 69.6 319.4 176.9 37

 38 Federal government 7.0 -5.9 14.9 -39.5 0.3 -0.1 -2.7 0.3 38

 39 Rest of the world 6.2 9.4 5.0 31.2 -28.7 -3.8 25.6 -4.2 39

 40 Private domestic -46.1 -39.2 -6.3 146.2 122.4 73.5 296.5 180.8 40

 41 Small time and savings deposits 296.9 306.7 282.7 480.6 472.3 271.7 537.1 491.6 41

 42 Large time deposits 211.2 139.3 17.2 -63.9 -335.7 -133.8 -13.2 -9.1 42

 43 Federal funds and security repos (net) 58.1 1.2 -70.7 -256.2 256.0 -195.2 -112.7 -142.6 43

 44 Credit market instruments 54.1 43.9 222.5 -0.9 -292.2 -161.7 -73.9 -27.2 44

 45 Open market paper -0.0 0.1 -0.1 0.2 0.1 -20.1 7.6 -33.1 45

 46 Corporate bonds 13.5 29.6 24.8 0.1 -28.5 6.7 -21.0 1.3 46

 47 Other loans and advances 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 4.6 47

 48 Corporate equity issues 8.4 10.2 7.5 12.1 11.6 11.9 6.4 2.1 48

 49 Taxes payable (net) -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 6.7 49

 50 Miscellaneous liabilities -11.6 -0.7 22.4 26.6 257.8 198.5 50.8 111.5 50

 51 Investment by holding companies 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 51

 52 Other -39.5 -97.9 -91.6 -87.1 91.1 165.1 -25.4 10.3 52

 53 Discrepancy -190.4 -179.4 -167.1 -68.5 357.1 328.8 161.7 89.2 53

 Memo:

 54 Consumer leases not included above (2) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 -0.1 0.4 54

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

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
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24 Historical Annuals, 2005-2012, December 9, 2013

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 3.1 3.0 3.2 2.2 2.2 2.2 2.8 3.3 1

 2 Fixed nonresidential investment 3.5 3.8 3.6 2.6 2.3 1.9 2.3 2.9 2

 3 Net acquisition of financial assets 191.6 158.9 216.4 218.2 -247.5 55.5 459.3 -8.7 3

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

 5 Reserves at Federal Reserve 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 -72.2 5

 6 Credit market instruments 146.6 105.2 204.7 103.4 -287.5 -24.4 42.5 5.8 6

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

 8 Treasury securities 0.1 -1.0 3.6 5.1 22.0 3.5 -0.5 16.1 8

 9 Agency- and GSE-backed securities -0.9 4.2 2.0 -6.5 -19.3 -4.8 4.0 1.5 9

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

 11 Corporate and foreign bonds 79.3 28.3 77.4 32.2 -157.8 -9.4 -1.4 -6.2 11

 12 Depository institution loans n.e.c. 64.0 70.1 107.6 67.6 -126.0 -11.3 42.9 -3.7 12

 13 Other loans and advances 0.1 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 13

 14 Mortgages 4.0 4.1 14.1 5.2 -6.4 -2.5 -2.6 -1.9 14

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

 16 Security credit 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 58.0 16

 17 Miscellaneous assets 3.4 3.3 8.3 3.1 -4.4 -15.3 15.0 -0.3 17

 18 Net increase in liabilities 155.7 151.2 148.0 155.3 -103.0 35.1 466.6 -15.2 18

 19 Net interbank liabilities -2.4 -88.6 -173.9 258.2 -156.3 33.7 507.2 -7.1 19

 20 To foreign banks -5.9 -97.1 -151.7 251.8 -161.7 27.0 518.8 -51.2 20

 21 To domestic banks 3.5 8.5 -22.1 6.5 5.4 6.7 -11.7 44.2 21

 22 Checkable deposits 0.5 -0.0 2.6 1.7 2.6 5.7 23.7 16.2 22

 23 Small time and savings deposits 0.5 8.6 6.9 0.1 4.4 5.8 13.2 13.8 23

 24 Large time deposits 76.7 146.1 269.2 -120.0 148.0 -46.5 -163.1 -16.2 24

 25 Federal funds and security repos (net) 39.2 44.5 -24.4 -89.5 40.6 54.6 48.3 16.2 25

 26 Acceptance liabilities 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 26

 27 Miscellaneous liabilities 41.0 41.0 67.7 105.0 -142.3 -18.1 37.3 -38.1 27

 28 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 16.6 12.4 27.2 -2.4 28

 29 Investment by funding corporations 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 29

 30 Other 10.6 18.6 24.8 44.6 -85.3 1.1 43.8 -23.9 30

 31 Discrepancy -36.3 -8.5 -68.8 -63.3 144.4 -20.0 7.8 -6.1 31

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).
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Historical Annuals, 2005-2012, December 9, 2013 25

F.112 Banks in U.S.-Affiliated Areas (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 10.2 -1.1 -0.3 -2.9 -7.3 -14.8 -4.1 0.0 3

 4 Credit market instruments 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 -4.9 -0.1 4

 5 Treasury securities 0.1 -0.2 -1.9 -0.6 -0.7 0.6 -0.0 -0.6 5

 6 Agency- and GSE-backed securities 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 -8.0 -2.2 6

 7 Municipal securities 0.2 0.8 0.7 0.5 0.9 -0.9 0.9 -0.8 7

 8 Corporate and foreign bonds -0.5 -0.4 0.1 0.0 1.5 -1.4 3.6 1.0 8

 9 Depository institution loans n.e.c. 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 1.1 1.0 9

 10 Home mortgages 0.7 0.9 4.3 1.4 -0.3 -2.5 -2.4 2.3 10

 11 Commercial mortgages 2.9 3.2 -2.7 0.4 -0.0 -4.0 -0.1 -0.8 11

 12 Miscellaneous assets 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 0.2 12

 13 Net increase in liabilities 9.3 -1.3 -7.7 -3.4 -1.1 -14.8 -3.1 -0.1 13

 14 Net interbank liabilities 0.5 0.1 0.3 -0.6 -1.0 0.9 -1.2 -0.4 14

 15 Checkable deposits -0.2 0.7 1.7 -1.1 1.4 0.5 2.8 2.5 15

 16 Small time and savings deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 16

 17 Large time deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 17

 18 Miscellaneous liabilities -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 -2.0 18

 19 Discrepancy -0.9 -0.2 -7.4 -0.5 6.2 -0.0 1.0 -0.1 19

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

F.113 Credit Unions

Billions of dollars

 1 Gross saving 9.0 9.5 8.6 6.5 6.3 8.4 10.0 12.0 1

 2 Fixed nonresidential investment 3.1 3.8 3.3 3.5 3.1 2.4 2.4 2.7 2

 3 Net acquisition of financial assets 35.3 35.1 40.4 44.6 51.1 79.4 35.1 55.0 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 18.1 14.1 9.2 7.7 4

 5 Credit market instruments 36.1 30.1 35.3 40.4 33.5 24.0 37.6 46.0 5

 6 Open market paper -0.0 0.2 -0.5 -0.4 0.0 0.0 0.0 0.0 6

 7 Treasury securities -1.1 -0.3 3.0 -1.6 5.4 5.9 -2.5 1.7 7

 8 Agency- and GSE-backed securities -6.8 -13.9 -4.1 14.4 27.8 40.9 30.6 14.9 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 3.2 1.0 9

 10 Corporate and foreign bonds -1.5 7.2 3.9 -8.4 -6.7 -15.7 -0.3 0.3 10

 11 Depository institution loans n.e.c. 4.9 3.0 4.8 4.8 1.3 3.5 6.6 0.1 11

 12 Home mortgages 27.4 26.4 27.7 32.0 4.8 0.0 3.5 7.3 12

 13 Consumer credit 13.2 7.5 0.5 -0.4 0.9 -10.7 -3.4 20.6 13

 14 Mutual fund shares -1.0 -0.1 -0.0 -0.0 -0.7 0.2 0.3 0.4 14

 15 Miscellaneous assets 0.1 5.0 5.2 -0.4 0.2 41.1 -12.1 0.8 15

 16 Net increase in liabilities 31.4 26.3 43.2 53.7 59.3 68.0 1.3 51.5 16

 17 Net interbank liabilities 6.5 -1.3 1.1 -5.7 -10.9 42.2 -23.7 -7.3 17

 18 Shares/deposits 21.6 24.5 31.7 45.1 72.0 34.3 41.5 51.3 18

 19 Checkable 7.0 -8.5 1.1 1.6 11.6 5.5 10.7 10.7 19

 20 Small time and savings 12.1 30.5 25.8 43.0 43.4 26.1 27.4 34.4 20

 21 Large time 2.5 2.5 4.8 0.5 17.0 2.8 3.4 6.2 21

 22 Federal funds and security repos (net) -2.6 1.6 2.6 4.8 -2.4 0.1 -15.9 6.2 22

 23 Other loans and advances 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 23

 24 Miscellaneous liabilities 2.6 -2.7 -5.6 1.1 14.7 -8.3 1.3 0.3 24

 25 Discrepancy 2.1 -3.0 8.1 12.0 11.5 -5.5 -26.2 5.8 25
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26 Historical Annuals, 2005-2012, December 9, 2013

F.114 Property-Casualty Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving less net capital transfers paid (1) 27.5 67.5 52.1 30.3 41.4 51.4 32.9 27.1 1

 2 Fixed nonresidential investment 17.9 17.9 19.7 20.4 20.1 16.8 17.5 18.7 2

 3 Net acquisition of financial assets 75.4 64.5 43.0 25.1 40.1 -38.2 24.6 22.4 3

 4 Checkable deposits and currency -4.8 8.9 12.8 -14.8 -0.3 5.0 -8.5 12.3 4

 5 Money market fund shares -0.7 0.7 7.2 12.1 -3.2 -4.0 -5.6 3.8 5

 6 Security repurchase agreements 0.6 -0.7 1.7 0.8 0.1 -0.7 -2.1 0.1 6

 7 Credit market instruments 72.8 44.8 5.3 -15.9 33.3 3.9 36.2 -2.5 7

 8 Open market paper 3.5 0.6 -3.1 5.8 -9.3 -1.9 0.9 -1.3 8

 9 Treasury securities 0.3 3.1 -38.7 -5.6 22.9 3.2 4.6 -6.1 9

 10 Agency- and GSE-backed securities 5.8 4.1 3.8 -11.5 1.9 -0.4 6.9 -9.0 10

 11 Municipal securities 45.4 22.1 36.1 10.6 -12.6 -21.0 -17.4 -3.4 11

 12 Corporate and foreign bonds 17.5 14.2 5.9 -15.4 30.8 24.3 40.4 16.7 12

 13 Commercial mortgages 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 13

 14 Corporate equities -6.3 -1.9 2.0 35.4 -2.8 -20.9 2.9 4.6 14

 15 Mutual fund shares 0.5 4.7 -2.0 -0.7 0.5 -0.1 -0.7 1.8 15

 16 Trade receivables 2.4 4.9 -1.6 1.3 -3.7 0.8 3.4 4.8 16

 17 Miscellaneous assets 10.8 3.1 17.6 6.8 16.3 -22.2 -1.0 -2.6 17

 18 Net increase in liabilities 46.4 42.1 9.4 14.3 -4.3 2.9 16.9 -6.0 18

 19 Security repurchase agreements 0.1 -0.1 -0.7 1.9 -1.7 0.8 -1.1 0.4 19

 20 Corporate equity issues -2.8 -8.5 -13.2 0.4 -5.3 -12.7 -10.7 -14.5 20

 21 Taxes payable (net) -3.1 11.0 -2.4 -28.1 5.3 5.6 -4.4 3.8 21

 22 Miscellaneous liabilities 52.2 39.7 25.8 40.2 -2.6 9.2 33.1 4.4 22

 23 Discrepancy -19.3 27.2 -1.2 -0.8 -23.2 75.7 7.6 -19.9 23

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

F.115 Life Insurance Companies

Billions of dollars

 1 Gross saving 14.5 7.5 5.8 -44.6 13.5 16.6 8.0 2.8 1

 2 Fixed nonresidential investment 13.2 13.5 14.5 14.9 14.6 12.5 13.1 14.0 2

 3 Net acquisition of financial assets 185.7 225.2 240.5 167.1 115.3 189.9 220.5 126.7 3

 4 Checkable deposits and currency -5.5 8.3 2.3 24.4 -32.1 1.0 2.0 2.7 4

 5 Money market fund shares -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 -1.4 5

 6 Security repurchase agreements -1.0 -0.1 0.2 5.2 2.2 0.7 -0.8 -1.6 6

 7 Credit market instruments 116.2 67.5 84.8 11.6 139.8 151.6 125.8 60.5 7

 8 Open market paper -3.0 4.3 13.1 -3.4 11.5 -8.9 -11.2 13.9 8

 9 Treasury securities 13.5 -7.6 -17.3 35.1 27.7 23.2 18.8 4.2 9

 10 Agency- and GSE-backed securities 11.4 8.8 5.5 -16.7 5.8 4.0 -1.6 -13.8 10

 11 Municipal securities 2.4 4.1 4.8 5.7 26.1 39.2 9.4 9.6 11

 12 Corporate and foreign bonds 74.7 29.7 43.1 -45.5 97.6 102.9 87.5 32.9 12

 13 Other loans and advances 5.0 9.8 13.2 20.3 -12.6 -0.2 7.9 1.8 13

 14 Mortgages 12.1 18.3 22.4 16.3 -16.3 -8.6 15.0 11.9 14

 15 Corporate equities 65.9 71.4 84.1 81.8 33.4 45.6 37.7 15.3 15

 16 Mutual fund shares -9.9 26.9 31.3 -10.7 0.0 1.0 1.1 1.3 16

 17 Miscellaneous assets 23.8 41.5 39.5 37.2 -22.5 2.8 46.8 49.9 17

 18 Net increase in liabilities 173.9 202.5 198.7 166.9 30.9 168.1 201.3 91.4 18

 19 Security repurchase agreements 7.4 0.3 -1.1 -7.3 -0.5 -2.2 0.1 3.1 19

 20 Corporate equity issues -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 -9.9 20

 21 Other loans and advances 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 21

 22 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 16.4 92.8 -11.9 22

 23 Pension entitlements (1) 142.1 100.5 130.7 22.5 2.6 145.3 75.3 74.8 23

 24 Taxes payable (net) -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 -4.6 24

 25 Miscellaneous liabilities 19.5 50.9 55.5 89.8 17.9 14.0 37.7 35.1 25

 26 Discrepancy -10.6 -28.8 -50.5 -59.7 -85.6 -17.7 -24.4 -46.6 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).
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Historical Annuals, 2005-2012, December 9, 2013 27

F.116 Private and Public Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 0.7 0.8 1.0 1.2 1.4 1.3 1.3 1.3 1

 2 Fixed nonresidential investment 1.9 1.9 3.2 2.2 1.6 1.4 1.1 1.3 2

 3 Net acquisition of financial assets (2) 453.1 444.7 465.7 514.4 424.5 469.3 397.9 422.3 3

 4 Checkable deposits and currency -6.4 -2.4 1.6 -5.6 -2.9 2.7 6.1 -0.5 4

 5 Time and savings deposits 15.8 9.7 7.0 -3.9 4.4 5.5 5.0 -3.2 5

 6 Money market fund shares 18.5 15.3 7.4 -0.1 -11.5 -7.1 18.8 -5.6 6

 7 Security repurchase agreements -7.8 -2.9 0.4 -1.2 0.1 0.2 0.3 -0.2 7

 8 Credit market instruments 90.8 159.3 85.1 -7.5 -65.7 156.0 93.6 39.8 8

 9 Open market paper -2.0 2.0 5.3 -6.4 2.0 3.6 5.7 -3.9 9

 10 Treasury securities 15.9 21.9 3.4 16.7 64.4 51.3 59.1 101.2 10

 11 Agency- and GSE-backed securities -30.2 26.1 1.1 -31.1 -9.3 8.9 11.2 51.2 11

 12 Corporate and foreign bonds 109.6 107.3 71.2 24.4 -116.8 89.3 21.2 -106.9 12

 13 Mortgages -1.5 1.9 4.2 -10.8 -6.1 2.3 -4.4 -3.8 13

 14 Corporate equities 8.0 -91.2 61.9 28.7 -66.1 -53.4 -145.4 42.2 14

 15 Mutual fund shares 59.2 61.3 55.7 57.8 54.3 21.8 -14.2 57.1 15

 16 Miscellaneous assets 275.0 295.6 246.7 446.1 511.9 343.6 433.7 292.8 16

 17 Claims of pension fund on sponsor (3) 200.6 229.1 166.0 303.4 397.2 279.5 294.6 253.4 17

 18 Other 37.7 34.2 28.6 -16.5 28.6 28.4 52.9 -2.5 18

 19 Pension entitlements (liabilities) (4) 454.3 445.8 467.9 515.4 424.8 469.4 397.7 422.2 19

 Memo:

 20 Household retirement assets (5) 773.4 780.5 853.6 760.0 639.2 686.0 480.1 653.3 20

 21 Defined benefit plans (6) 330.5 329.8 342.1 346.8 350.5 359.8 350.2 342.6 21

 22 Defined contribution plans (7) 122.6 115.0 123.5 167.6 74.0 109.5 47.7 79.6 22

 23 Individual retirement plans (IRAs) (8) 206.4 247.4 275.7 247.5 198.6 88.7 20.1 164.4 23

 24 Annuities at life insurance companies (9) 113.9 88.3 112.2 -1.8 16.1 127.9 62.1 66.6 24

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

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

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

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

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

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

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

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

(9) Annuities held in IRAs at life insurance companies are excluded. They are included in line 23.
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28 Historical Annuals, 2005-2012, December 9, 2013

F.117 Private Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 0.3 0.3 0.3 0.4 0.5 0.5 0.5 0.5 1

 2 Fixed nonresidential investment 0.8 0.7 1.0 0.8 0.6 0.5 0.4 0.5 2

 3 Net acquisition of financial assets (2) 172.9 159.3 170.2 209.1 115.0 146.6 82.7 120.5 3

 4 Checkable deposits and currency 0.3 0.4 1.4 -5.5 -2.9 2.1 5.7 -0.3 4

 5 Time and savings deposits 6.3 0.8 3.9 -4.1 2.8 -0.9 1.4 -1.8 5

 6 Money market fund shares 1.9 3.4 6.9 5.1 -8.8 -10.1 16.8 -4.1 6

 7 Security repurchase agreements 1.1 1.0 0.2 -1.0 0.2 -0.2 0.0 -0.1 7

 8 Credit market instruments 45.3 58.4 32.0 -4.9 12.7 123.2 73.2 11.8 8

 9 Open market paper 3.0 0.2 2.5 -5.9 1.0 -2.7 2.1 -2.5 9

 10 Treasury securities 3.5 14.3 1.2 6.4 35.0 33.2 27.8 47.7 10

 11 Agency- and GSE-backed securities 16.8 16.6 4.4 -0.2 -6.4 6.5 3.3 16.9 11

 12 Corporate and foreign bonds 22.2 27.7 21.7 2.9 -14.5 83.4 44.6 -47.8 12

 13 Mortgages -0.2 -0.3 2.2 -8.0 -2.4 2.8 -4.6 -2.6 13

 14 Corporate equities -42.0 -86.5 4.6 -73.2 -95.4 25.2 -63.8 9.6 14

 15 Mutual fund shares 70.0 74.9 81.2 85.5 56.5 35.1 1.5 52.6 15

 16 Miscellaneous assets 90.1 106.9 39.9 207.1 149.9 -27.6 47.9 52.8 16

 17 Unallocated insurance contracts (3) -1.4 -1.5 14.2 81.2 32.6 -45.5 12.4 3.5 17

 18 Contributions receivable -1.9 -2.0 4.5 14.7 -8.4 15.4 3.0 -2.1 18

 19 Claims of pension fund on sponsor (4) 100.4 105.6 -4.8 109.3 88.6 -9.9 -11.6 54.1 19

 20 Other -7.1 4.8 25.9 1.9 37.1 12.3 44.1 -2.8 20

 21 Pension entitlements (liabilities) (5) 173.4 159.7 170.8 209.5 115.1 146.7 82.6 120.5 21

 Memo:

 Net acquisition of financial assets (6)

 22 Defined benefit plans 65.0 59.0 61.1 57.1 57.3 53.3 50.9 50.7 22

 23 Defined contribution plans 107.9 100.3 109.1 152.0 57.7 93.3 31.8 69.8 23

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

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

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

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

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

(6) Additional detail on defined benefit plans and defined contribution plans is available on F.117.b and F.117.c.
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Historical Annuals, 2005-2012, December 9, 2013 29

F.118 State and Local Government Employee Retirement Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 0.4 0.5 0.6 0.7 0.9 0.8 0.8 0.9 1

 2 Fixed nonresidential investment 1.1 1.2 2.2 1.4 1.0 0.9 0.7 0.8 2

 3 Net acquisition of financial assets (2) 182.4 190.1 200.0 208.9 215.8 220.7 209.4 203.3 3

 4 Checkable deposits and currency -6.7 -2.8 0.3 -0.1 0.0 0.6 0.4 -0.2 4

 5 Time and savings deposits 9.4 8.9 3.0 0.3 1.6 6.4 3.6 -1.3 5

 6 Money market fund shares 16.6 11.9 0.5 -5.2 -2.8 3.1 2.0 -1.6 6

 7 Security repurchase agreements -8.8 -3.9 0.1 -0.2 -0.1 0.4 0.2 -0.1 7

 8 Credit market instruments 37.6 92.1 40.5 -26.5 -85.8 22.1 0.4 14.0 8

 9 Open market paper -5.0 1.8 2.8 -0.5 1.0 6.3 3.6 -1.4 9

 10 Treasury securities 4.8 -0.8 -9.1 -14.3 22.0 8.0 13.4 41.2 10

 11 Agency- and GSE-backed securities -47.0 9.7 -3.1 -30.6 -3.0 1.8 7.1 33.6 11

 12 Municipal securities -0.9 0.0 -0.1 -0.2 0.1 0.7 0.9 1.9 12

 13 Corporate and foreign bonds 87.0 79.2 48.0 22.0 -102.3 5.7 -24.8 -60.1 13

 14 Mortgages -1.3 2.2 2.0 -2.8 -3.7 -0.5 0.2 -1.2 14

 15 Corporate equities 43.3 -10.6 55.4 110.3 20.5 -84.0 -77.4 36.7 15

 16 Mutual fund shares -10.8 -13.6 -25.6 -27.6 -2.3 -13.2 -15.7 4.5 16

 17 Miscellaneous assets 101.9 108.0 125.8 158.1 284.5 285.3 295.8 151.3 17

 18 Claims of pension fund on sponsor (3) 57.1 78.7 123.1 176.5 293.0 269.3 287.0 151.0 18

 19 Other 44.8 29.4 2.7 -18.4 -8.5 16.1 8.8 0.3 19

 20 Pension entitlements (liabilities) (4) 183.1 190.8 201.6 209.5 215.9 220.7 209.3 203.3 20

(1) Defined benefit plans.

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

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

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

F.119 Federal Government Employee Retirement Funds

Billions of dollars

 1 Net acquisition of financial assets (1) 97.8 95.3 95.5 96.5 93.7 102.1 105.9 98.5 1

 2 Credit market instruments 8.0 8.7 12.6 23.9 7.4 10.8 20.0 13.9 2

 3 Treasury securities 7.6 8.5 11.3 24.7 7.4 10.0 17.9 12.3 3

 4 Agency- and GSE-backed securities 0.0 -0.2 -0.2 -0.2 0.0 0.6 0.7 0.6 4

 5 Corporate and foreign bonds 0.4 0.5 1.5 -0.5 -0.0 0.2 1.4 1.0 5

 6 Corporate equities 6.7 5.9 1.9 -8.4 8.8 5.4 -4.2 -4.1 6

 7 Miscellaneous assets (2) 83.1 80.7 81.0 80.9 77.5 85.9 90.0 88.6 7

 8 Nonmarketable Treasury securities 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 8

 9 Claims of pension fund on sponsor (3) 43.1 44.9 47.7 17.6 15.6 20.2 19.2 48.2 9

 10 Pension entitlements (liabilities) (4) 97.8 95.3 95.5 96.5 93.7 102.1 105.9 98.5 10

 Memo:

 Net acquisition of financial assets

 11 Defined benefit plans (2) 83.1 80.7 81.0 80.9 77.5 85.9 90.0 88.6 11

 12 Defined contibution plans (5) 14.7 14.6 14.5 15.6 16.2 16.2 15.9 9.8 12

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

(2) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund,

 and foreign service retirement and disability fund.

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

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

(5) Includes the Thrift Savings Plan and the National Railroad Retirement Investment Trust.
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30 Historical Annuals, 2005-2012, December 9, 2013

F.120 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net acquisition of financial assets 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 1

 2 Foreign deposits 7.7 -10.0 34.4 -14.6 11.6 8.7 -62.9 0.4 2

 3 Checkable deposits and currency -1.7 7.5 -4.7 5.6 10.5 -3.7 5.8 -3.6 3

 4 Time and savings deposits 14.0 28.0 74.7 102.7 169.9 -107.7 -56.3 32.8 4

 5 Security repurchase agreements 111.8 49.2 211.1 -63.5 -62.4 -0.6 11.1 54.2 5

 6 Credit market instruments 2.3 221.6 391.8 727.9 -619.9 -396.6 -9.8 -82.7 6

 7 Open market paper 84.4 111.4 73.7 -56.1 -108.0 -116.3 -40.0 -13.3 7

 8 Treasury securities -14.2 -5.9 95.5 399.5 -171.3 -71.0 107.9 14.5 8

 9 Agency- and GSE-backed securities -107.9 -28.2 102.0 520.3 -213.1 -140.2 0.9 -60.2 9

 10 Municipal securities 26.7 42.9 104.6 12.9 -69.4 -53.4 -29.4 -20.6 10

 11 Corporate and foreign bonds 13.4 101.3 15.9 -148.8 -58.1 -15.7 -49.1 -3.0 11

 12 Miscellaneous assets -8.9 6.8 29.4 -33.9 -8.3 -3.4 -0.8 6.1 12

 13 Net share issues (liabilities) 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).

F.121 Mutual Funds (1)

Billions of dollars

 1 Gross saving -38.4 -47.2 -58.3 -52.7 -40.7 -24.9 -35.3 -33.2 1

 2 Net acquisition of financial assets 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 2

 3 Security repurchase agreements 2.8 17.4 -0.6 -7.4 28.6 -15.8 -28.8 54.1 3

 4 Credit market instruments 124.1 184.9 268.0 32.4 387.1 353.6 359.4 642.0 4

 5 Open market paper 2.9 17.4 -0.4 -62.5 28.6 -13.9 -26.3 27.5 5

 6 Treasury securities 12.1 -0.2 1.5 17.6 71.8 119.1 81.7 122.6 6

 7 Agency- and GSE-backed securities 15.3 20.9 81.0 -22.5 52.1 80.2 99.0 87.4 7

 8 Municipal securities 17.4 32.7 27.7 17.7 89.4 46.7 15.7 86.2 8

 9 Corporate and foreign bonds 65.9 104.3 122.1 69.7 143.8 122.3 170.3 306.0 9

 10 Other loans and advances 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 12.2 10

 11 Corporate equities 129.6 131.3 91.3 -38.1 86.5 44.3 4.9 -37.0 11

 12 Miscellaneous assets 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 -33.1 12

 13 Net share issues (liabilities) 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 13

 14 Discrepancy -38.4 -47.2 -58.3 -52.7 -40.7 -24.9 -35.3 -33.2 14

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.115).

F.122 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets 20.5 8.5 18.4 -61.6 7.5 0.5 -2.9 2.5 1

 2 Credit market instruments 2.2 6.1 -0.4 -40.5 10.5 5.3 -1.7 11.2 2

 3 Treasury securities 0.3 0.2 -1.7 -2.4 1.2 0.7 -0.3 0.3 3

 4 Municipal securities 0.2 0.0 1.9 -13.3 3.3 0.4 0.9 3.3 4

 5 Corporate and foreign bonds 1.7 5.8 -0.5 -24.8 6.0 4.2 -2.3 7.6 5

 6 Corporate equities 18.3 2.4 18.8 -21.1 -3.0 -4.8 -1.2 -8.7 6

 7 Net share issues (liabilities) 20.5 8.5 18.4 -61.6 7.5 0.5 -2.9 2.5 7

 Exchange-traded funds

 8 Net acquisition of financial assets 56.7 74.0 150.6 177.2 116.5 118.0 117.6 185.2 8

 9 Credit market instruments 6.8 5.7 13.4 23.0 46.0 29.7 46.1 52.3 9

 10 Treasury securities 4.8 3.4 6.6 7.4 14.7 9.2 11.4 1.2 10

 11 Municipal securities 0.0 0.0 0.6 1.7 3.6 1.7 1.0 3.6 11

 12 Corporate and foreign bonds 1.9 2.4 6.2 13.9 27.6 18.7 33.6 47.6 12

 13 Corporate equities 50.0 68.3 137.3 154.2 70.5 88.3 71.6 132.9 13

 14 Net share issues (liabilities) 56.7 74.0 150.6 177.2 116.5 118.0 117.6 185.2 14
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Historical Annuals, 2005-2012, December 9, 2013 31

F.123 Government-Sponsored Enterprises (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 4.2 4.1 4.8 6.7 9.6 10.6 8.8 8.5 1

 2 Fixed nonresidential investment 0.7 0.8 1.3 1.7 0.9 3.5 3.3 3.3 2

 3 Net acquisition of financial assets -63.7 53.1 300.6 233.5 -360.8 -313.9 -242.1 -205.1 3

 4 Checkable deposits and currency -24.5 1.8 -2.7 39.7 11.1 -36.0 9.3 -20.1 4

 5 Time and savings deposits 12.1 -1.5 12.8 21.9 -42.8 0.3 -12.7 -9.1 5

 6 Federal funds and security repos 13.9 9.3 24.5 -28.3 7.5 20.7 -38.9 38.6 6

 7 Credit market instruments -69.1 46.6 239.0 242.9 -337.8 -328.2 -199.7 -218.6 7

 8 Open market paper 8.0 18.5 -4.7 14.1 3.0 0.2 -3.4 -3.1 8

 9 Treasury securities 0.2 1.2 1.3 1.2 19.9 45.9 17.6 -31.2 9

 10 Agency- and GSE-backed securities -135.4 -37.1 -11.1 207.0 -27.4 -85.1 -18.1 -48.3 10

 11 Municipal securities -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 -3.9 -4.1 11

 12 Corporate and foreign bonds 50.9 16.1 -17.4 -77.7 -48.6 -29.6 -30.8 -50.0 12

 13 Other loans and advances 52.4 33.1 237.7 38.1 -284.8 -144.7 -64.2 18.6 13

 14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Farm Credit System 8.1 11.9 11.9 4.8 -0.2 7.2 -3.5 8.3 15

 16 FHLB loans 44.4 21.2 225.8 33.3 -284.6 -151.9 -60.7 10.3 16

 17 Mortgages -40.2 18.4 35.9 62.2 2.4 -110.8 -96.9 -100.5 17

 18 Home -54.7 3.7 -9.7 8.8 -25.3 -117.7 -103.2 -111.5 18

 19 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -232.5 -108.9 -74.1 19

 20 Other -54.7 3.7 -9.7 8.8 -25.3 114.8 5.7 -37.5 20

 21 Multifamily residential 10.5 12.4 42.3 42.5 14.2 2.0 2.8 6.2 21

 22 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 25.3 24.9 26.6 22

 23 Other 10.5 12.4 42.3 42.5 14.2 -23.3 -22.2 -20.4 23

 24 Farm 4.0 2.2 3.3 10.9 13.5 4.9 3.5 4.8 24

 25 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Miscellaneous assets 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 4.1 26

 27 Net increase in liabilities -81.7 48.3 325.6 336.4 -317.1 -263.8 -182.1 -146.6 27

 28 Federal funds and security repos -1.9 -0.4 -0.6 -1.0 -0.1 0.1 -0.9 -0.4 28

 29 Credit market instruments -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 -154.6 29

 30 GSE issues (4) -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 -154.6 30

 31 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -207.2 -84.0 -47.4 31

 32 Other -84.0 35.6 282.4 271.7 -475.3 -26.5 -103.2 -107.2 32

 33 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

 34 Corporate equities 4.2 1.1 25.5 27.6 96.0 38.1 29.2 14.5 34

 35 Miscellaneous liabilities 0.0 12.0 18.4 38.1 62.3 -68.2 -23.2 -6.1 35

 36 Discrepancy -14.6 -1.5 28.5 107.9 52.3 57.2 65.6 63.7 36

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing

 Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table F.124) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

F.124 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 1

 2 Home mortgages 169.0 302.8 622.6 492.2 402.5 175.8 148.0 105.0 2

 3 Multifamily residential mortgages -4.5 -12.5 -0.7 4.6 13.0 11.3 19.4 27.0 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages -0.1 2.3 1.4 0.1 -0.2 -0.2 -2.1 0.3 5

 6 Net increase in pool securities (liabilities)(2) 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (table F.123). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed CMOs

 and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans.

(2) Such issues are classified as agency- and GSE-backed securities.
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32 Historical Annuals, 2005-2012, December 9, 2013

F.125 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 0.8 0.7 0.6 0.5 0.4 0.3 0.0 0.0 1

 2 Fixed nonresidential investment 0.2 0.1 0.1 0.1 0.1 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 732.3 797.2 350.8 -413.2 -736.6 -497.5 -246.9 -214.5 3

 4 Treasury securities 19.7 33.4 24.7 -13.6 -18.3 -13.8 -10.9 -5.8 4

 5 Agency- and GSE-backed securities (1) -40.7 22.6 18.1 -26.0 -224.2 -96.0 -3.3 -0.0 5

 6 Other loans and advances 20.2 65.0 88.6 37.9 -51.1 -38.9 -5.4 -0.6 6

 7 Mortgages (2) 697.6 631.6 183.3 -353.1 -371.0 -297.1 -218.9 -205.4 7

 8 Home 590.2 523.6 40.0 -313.3 -323.5 -243.7 -192.9 -181.2 8

 9 Multifamily residential 16.2 13.0 21.4 -10.8 -6.1 -8.6 -7.7 -9.6 9

 10 Commercial 91.1 95.0 121.8 -28.9 -41.4 -44.9 -18.3 -14.5 10

 11 Consumer credit 38.4 36.2 32.8 -42.3 -37.8 -42.3 -4.2 3.7 11

 12 Trade credit -2.8 8.5 3.4 -16.1 -34.3 -9.5 -4.2 -6.4 12

 13 Net increase in liabilities 731.7 796.7 350.3 -413.6 -737.0 -497.7 -246.9 -214.5 13

 14 Commercial paper 148.3 162.9 -194.2 -83.9 -266.2 -40.3 -24.1 -9.0 14

 15 Corporate bonds (net) (3) 583.4 633.7 544.5 -329.8 -470.8 -457.4 -222.8 -205.5 15

 16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

 17 Consumer leases (4) -0.6 -0.5 -0.5 -0.4 -0.4 -0.2 0.0 0.0 17

 18 REIT assets (5) 17.3 2.8 -17.9 -46.7 -25.3 0.4 -3.1 -4.6 18

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Net issuance less net acquisition of corporate bonds held as assets.

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

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

(5) Included in table F.127.

F.126 Finance Companies (1)

Billions of dollars

 1 Gross saving 65.1 66.5 72.7 90.3 93.5 65.9 93.1 127.0 1

 2 Fixed nonresidential investment 61.0 62.0 62.5 42.1 15.5 32.8 44.3 54.0 2

 3 Net acquisition of financial assets 99.0 34.3 19.9 -59.5 -189.2 -216.6 -19.2 -70.6 3

 4 Checkable deposits and currency -8.9 -1.6 0.4 0.3 0.5 -1.7 5.1 -3.8 4

 5 Time and savings deposits -9.1 -4.8 1.2 0.8 1.6 -5.2 15.4 -11.5 5

 6 Credit market instruments 64.7 72.3 25.2 -64.9 -219.7 -137.2 -42.1 -26.6 6

 7 Corporate and foreign bonds -52.5 -18.7 4.5 3.0 6.3 -19.8 0.9 -6.3 7

 8 Other loans and advances 27.6 18.9 24.9 16.9 -91.0 -15.2 6.7 14.2 8

 9 Mortgages 65.4 52.9 -44.4 -67.0 -52.6 -88.8 -32.3 -26.7 9

 10 Consumer credit 24.2 19.2 40.2 -17.9 -82.4 -13.4 -17.4 -7.8 10

 11 Miscellaneous assets 52.2 -31.6 -6.9 4.4 28.4 -72.5 2.4 -28.7 11

 12 Net increase in liabilities 63.5 48.5 26.5 -69.1 -250.2 -233.5 -26.0 -82.1 12

 13 Credit market instruments 33.5 34.8 34.9 -79.4 -156.2 -174.9 -13.5 -56.7 13

 14 Open market paper -15.3 5.3 -15.1 -22.6 -38.8 1.7 10.0 8.2 14

 15 Corporate bonds 43.6 42.4 -2.8 -49.6 -87.0 -111.7 -39.4 -81.4 15

 16 Depository institution loans n.e.c. 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16.4 16

 17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Taxes payable 1.9 0.0 -1.5 -0.1 -2.8 0.3 0.5 0.2 18

 19 Miscellaneous liabilities 28.2 13.7 -6.9 10.4 -91.2 -58.9 -13.0 -25.5 19

 20 Foreign direct investment in U.S. 6.3 5.2 -5.6 12.2 12.8 13.2 7.5 -2.2 20

 21 Investment by parent 25.5 26.2 -13.4 -8.4 -32.6 -12.8 -12.0 -0.9 21

 22 Other -3.7 -17.8 12.0 6.5 -71.5 -59.3 -8.5 -22.5 22

 23 Discrepancy -31.3 18.6 16.8 38.6 17.1 16.2 42.0 61.6 23

 Memo:

 24 Consumer leases not included above (2) 11.2 20.6 16.9 -11.8 -25.7 -16.5 7.9 24.3 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table F.125.
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Historical Annuals, 2005-2012, December 9, 2013 33

F.127 Real Estate Investment Trusts (REITs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving -20.2 -12.0 -20.2 -14.5 5.5 -5.9 -5.9 3.0 1

 2 Fixed nonresidential investment 8.5 7.4 10.9 5.8 3.6 2.8 2.7 3.0 2

 3 Multifamily residential investment 2.5 3.5 -9.3 0.1 -0.1 4.7 6.3 5.3 3

 4 Net acquisition of financial assets 54.2 38.7 -26.1 -67.9 -9.3 41.8 118.3 157.7 4

 5 Checkable deposits and currency 1.4 4.9 -1.8 1.8 7.9 -2.8 2.1 7.5 5

 6 Credit market instruments 41.3 26.0 -19.9 -68.9 -8.7 37.1 102.9 127.7 6

 7 Agency- and GSE-backed securities -4.0 24.8 23.5 0.7 15.5 38.2 101.4 111.5 7

 8 Corporate and foreign bonds 17.0 11.6 -30.2 -22.8 3.8 5.3 1.3 10.1 8

 9 Mortgages 28.3 -10.4 -13.2 -46.9 -28.0 -6.3 0.2 6.1 9

 10 Home 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 -0.7 5.5 10

 11 Multifamily residential 0.3 3.1 0.2 -0.9 -2.0 -0.4 -0.2 0.1 11

 12 Commercial 3.2 10.3 10.1 0.4 -4.3 -2.3 1.1 0.5 12

 13 Miscellaneous assets 11.6 7.8 -4.4 -0.8 -8.5 7.4 13.3 22.5 13

 14 Net increase in liabilities 89.2 59.8 25.7 -56.1 -28.5 71.0 169.0 210.8 14

 15 Security repurchase agreements 13.2 14.4 -6.2 -12.3 11.1 30.0 94.9 103.4 15

 16 Credit market instruments 55.4 15.5 10.2 -53.8 -50.0 -2.1 28.2 42.9 16

 17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Corporate bonds 32.8 13.9 0.7 -60.3 -41.3 -0.1 15.5 26.1 18

 19 Depository institution loans n.e.c. 8.4 -5.0 4.8 -0.3 -12.1 -2.2 3.6 1.2 19

 20 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 15.6 20

 21 Corporate equity issues 16.1 22.2 17.1 12.8 24.2 28.2 37.5 47.6 21

 22 Miscellaneous liabilities 4.5 7.7 4.6 -2.7 -13.8 14.9 8.5 17.0 22

 23 Discrepancy 3.9 -1.9 30.1 -8.4 -17.1 16.1 36.1 47.9 23

 Memo:

 24 Securitized assets included above 17.3 2.8 -17.9 -46.7 -25.3 0.4 -3.1 -4.6 24

 25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

 26 Home mortgages 15.7 -9.8 -20.2 -40.6 -25.7 1.1 -0.7 3.6 26

 27 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 27

 28 Commercial mortgages 1.6 12.3 2.4 -6.1 0.4 -0.7 -2.3 -8.1 28

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on F.127.e and F.127.m.
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34 Historical Annuals, 2005-2012, December 9, 2013

F.128 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 12.7 22.4 -21.7 -97.9 38.0 26.8 10.0 7.8 1

 2 Fixed nonresidential investment 14.9 18.7 25.9 21.6 25.6 19.4 17.2 18.4 2

 3 Net acquisition of financial assets 282.2 614.7 350.3 -874.8 -133.0 -9.1 -125.4 118.6 3

 4 Checkable deposits and currency -6.4 24.0 24.5 15.1 -29.4 6.2 14.9 16.3 4

 5 Credit market instruments 82.3 106.2 219.7 -85.7 -192.1 32.2 5.7 89.1 5

 6 Open market paper 12.2 4.1 22.8 -21.4 -24.2 -5.3 5.9 -12.2 6

 7 Treasury securities -20.0 -2.4 -17.9 275.6 -67.6 -28.5 89.1 63.0 7

 8 Agency- and GSE-backed securities -6.3 37.0 177.2 -72.5 -131.8 38.9 -2.1 21.9 8

 9 Municipal securities 10.9 8.0 -0.7 -11.4 -3.3 4.6 -9.1 -4.3 9

 10 Corporate and foreign bonds 77.7 39.8 27.3 -259.0 47.5 35.2 -85.0 35.5 10

 11 Other loans and advances 7.7 19.8 11.1 3.1 -12.7 -12.7 6.9 -14.8 11

 12 Corporate equities 20.1 -0.2 25.4 -28.5 -4.6 -18.5 -5.0 9.7 12

 13 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 13

 14 Miscellaneous assets 217.7 425.1 47.3 -615.1 54.9 -104.2 -101.7 -61.4 14

 15 Net increase in liabilities 273.9 585.9 393.6 -683.1 -202.5 -23.0 -91.3 63.7 15

 16 Security repurchase agreements (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 -189.4 -15.1 16

 17 Credit market instruments 0.1 6.4 -4.0 77.7 -49.7 36.9 -37.9 -1.7 17

 18 Corporate bonds 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 -1.7 18

 19 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 45.5 -45.5 0.0 0.0 0.0 19

 20 Corporate equity issues 3.3 -7.6 32.3 120.2 -32.4 -11.1 14.1 -50.7 20

 21 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.8 -0.0 21

 22 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 137.1 124.0 22

 23 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 23.6 23

 24 From U.S.-chartered depository institutions -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 42.3 24

 25 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 58.0 25

 26 Taxes payable -0.1 0.7 -0.6 0.3 3.2 -2.1 -1.1 0.5 26

 27 Miscellaneous liabilities 26.2 97.8 46.2 -70.7 18.4 22.2 -8.6 0.3 27

 28 Foreign direct investment in U.S. -2.6 -5.1 9.0 55.8 2.1 13.2 10.8 8.0 28

 29 Investment by parent companies 133.9 49.8 16.4 104.6 -166.8 -51.2 40.4 68.7 29

 30 Other -105.0 53.2 20.8 -231.1 183.1 60.2 -59.8 -76.4 30

 31 Proprietors’ net investment -1.2 -6.8 3.6 11.6 0.6 0.9 -1.7 6.5 31

 32 Discrepancy -10.4 -25.1 -4.3 72.3 -57.2 -6.6 26.9 -65.5 32

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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Historical Annuals, 2005-2012, December 9, 2013 35

F.129 Holding Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross saving 111.9 115.7 110.3 81.2 97.8 108.1 144.6 176.9 1

 2 Fixed nonresidential investment 29.8 29.8 40.2 53.8 54.4 48.3 51.4 54.5 2

 3 Net acquisition of financial assets 55.3 249.8 203.3 289.1 87.3 -4.6 44.6 -40.2 3

 4 Time and savings deposits -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 2.4 3.1 4

 5 Federal funds and security repos 6.4 1.0 -2.6 -6.6 19.8 2.1 0.2 -48.3 5

 6 Credit market instruments -4.2 3.3 23.2 13.9 -16.0 22.1 3.1 -39.8 6

 7 Treasury securities -0.9 1.4 4.6 -4.0 2.7 13.8 7.1 -29.8 7

 8 Agency- and GSE-backed securities -2.3 -0.0 -1.3 15.9 -7.0 -3.2 12.0 -22.1 8

 9 Corporate and foreign bonds -3.7 4.9 19.2 -0.0 -8.4 7.3 -20.1 -4.7 9

 10 Other loans and advances 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 16.7 10

 11 Life insurance reserves 0.0 -0.4 5.3 -1.2 2.1 3.8 2.4 7.3 11

 12 Miscellaneous assets 53.5 245.9 178.2 283.1 85.4 -31.2 36.5 37.4 12

 13 Net trans. with depository institution subs. 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 13

 14 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.3 14

 15 Net trans. with life insurance company subs. 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 9.9 15

 16 Net trans. with finance company subs. -38.9 3.2 41.5 -7.3 -23.3 -39.5 -20.3 -0.5 16

 17 Net trans. with broker and dealer subs. 87.0 27.2 -57.5 98.2 -173.1 -24.3 -13.0 49.6 17

 18 Net trans. with foreign subs. 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 18

 19 Other -51.8 74.2 32.7 100.1 82.3 -33.6 -46.2 -75.6 19

 20 Net increase in liabilities -25.3 167.0 128.1 247.9 34.8 -64.6 -50.0 -164.3 20

 21 Federal funds and security repos 6.2 1.1 -2.5 -7.0 -0.2 0.2 0.4 -1.2 21

 22 Credit market instruments 50.1 75.0 151.9 97.3 -8.0 -16.5 -16.5 -97.7 22

 23 Commercial paper 4.0 20.9 35.0 -39.0 -18.1 3.9 11.1 6.2 23

 24 Corporate bonds 44.2 47.8 94.4 123.0 7.8 -46.5 -91.6 16.3 24

 25 Depository institution loans n.e.c. 1.9 6.4 22.5 13.3 2.3 26.1 64.0 -120.2 25

 26 Corporate equity issues -20.0 -19.8 -28.0 321.4 68.6 19.8 2.9 0.6 26

 27 Miscellaneous liabilities -61.5 110.6 6.8 -163.8 -25.6 -68.2 -36.8 -66.0 27

 28 Equity, etc. -26.4 16.6 -55.1 63.0 35.6 -22.4 6.9 -13.9 28

 29 Other -35.1 94.0 61.9 -226.8 -61.2 -45.8 -43.8 -52.1 29

 30 Discrepancy 1.6 3.0 -5.1 -13.7 -9.1 -0.3 -1.5 -1.7 30

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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36 Historical Annuals, 2005-2012, December 9, 2013

F.130 Funding Corporations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net acquisition of financial assets 138.7 77.8 350.2 914.5 -446.6 -115.5 -73.1 52.0 1

 2 Money market fund shares -2.1 -32.4 317.9 253.6 -153.7 -148.1 -89.1 -12.7 2

 3 Security repurchase agreements 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 3

 4 Credit market instruments 72.9 79.0 -85.3 618.9 -250.9 89.7 22.7 57.6 4

 5 Open market paper 98.6 82.7 -201.6 106.5 -284.8 39.3 -7.8 -15.5 5

 6 Corporate and foreign bonds -29.4 -7.1 109.6 497.3 43.6 51.9 32.6 79.6 6

 7 Other loans and advances 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 -6.5 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 8

 9 Miscellaneous assets 67.9 31.1 117.6 42.1 -67.2 -58.4 19.6 7.2 9

 10 Investment in foreign banking offices 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 10

 11 Investment in brokers and dealers 46.9 22.6 73.9 6.4 6.3 -26.9 53.4 19.0 11

 12 Net increase in liabilities 138.7 77.8 350.2 914.5 -446.6 -115.5 -73.1 52.0 12

 13 Credit market instruments 104.7 29.1 114.5 466.4 -434.8 -65.3 -52.4 -23.9 13

 14 Open market paper 77.1 7.5 62.9 20.1 -125.1 -47.4 -72.7 -30.9 14

 15 Corporate bonds 27.6 21.6 51.5 1.4 37.9 -3.2 71.6 35.3 15

 16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 -21.5 16

 17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 7.2 0.7 -6.8 17

 18 Corporate equities (5) 0.0 0.0 0.0 40.0 30.5 3.5 -18.4 -8.6 18

 19 Miscellaneous liabilities 33.9 48.6 235.7 408.1 -42.3 -53.6 -2.3 84.5 19

 20 Foreign direct investment in U.S. 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 20

 21 Securities loaned (net) 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -74.6 -79.2 21

 22 Equity interest under PPIP 0.0 0.0 0.0 0.0 2.4 7.9 1.4 0.1 22

 23 Other (net) -141.5 -254.6 237.2 760.7 -15.1 61.3 70.3 163.1 23

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
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Historical Annuals, 2005-2012, December 9, 2013 37

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 4.5 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 2

 3 Rest of the world -14.1 -2.4 0.1 4.8 52.3 1.8 15.9 4.5 3

 4 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 4

 5 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.1 4.0 5

 6 Foreign currency holdings 0.6 0.7 1.0 1.3 0.7 0.5 -0.5 0.4 6

 7 Net change in assets -14.1 -2.4 0.1 4.8 99.9 1.8 15.9 4.5 7

 8 Federal government -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 10

 11 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 11

 12 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 12

 13 Rest of the world 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 13

 14 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

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

 16 Monetary authority 0.3 0.3 0.5 0.6 0.3 0.3 -0.3 0.2 16

 17 Monetary gold (2) -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Reserve position in IMF (net) 0.0 -0.0 0.0 -0.0 0.0 0.0 -0.1 0.0 18

 19 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

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

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 3

 4 Asset: Monetary authority 0.1 1.7 0.5 -0.0 4.0 0.9 0.7 0.6 4

 5 Discrepancy (seigniorage) 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 -0.6 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 40.8 87.2 256.0 -394.3 -110.7 -9.3 -46.3 -30.2 1

 Held by:

 2 Household sector 2.4 5.2 15.4 -23.7 -6.6 -0.6 -2.8 -1.8 2

 3 Nonfinancial corporate business 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 -21.4 3

 4 Money market mutual funds 7.7 -10.0 34.4 -14.6 11.6 8.7 -62.9 0.4 4

 5 Discrepancy--unallocated assets 20.8 106.2 205.3 -330.4 -122.5 -26.6 25.2 -7.3 5
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38 Historical Annuals, 2005-2012, December 9, 2013

F.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities -3.8 1.4 -50.6 1740.5 -541.1 -145.2 818.5 -188.2 1

 2 Monetary authority 3.6 1.3 5.4 842.0 114.2 -11.1 602.3 -64.1 2

 3 U.S.-chartered depository institutions -11.9 89.9 116.5 646.6 -487.1 -210.8 -266.0 -109.3 3

 4 Foreign banking offices in U.S. -2.4 -88.6 -173.9 258.2 -156.3 33.7 507.2 -7.1 4

 5 Banks in U.S.-affiliated areas 0.5 0.1 0.3 -0.6 -1.0 0.9 -1.2 -0.4 5

 6 Credit unions 6.5 -1.3 1.1 -5.7 -10.9 42.2 -23.7 -7.3 6

 7 Net change in assets -7.1 5.3 -55.3 1706.9 -551.4 -168.7 817.0 -200.1 7

 8 Rest of the world -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 8

 9 Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 0.0 9

 10 U.S.-chartered depository institutions 3.4 1.6 5.0 599.3 50.9 -91.9 232.9 0.4 10

 11 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 -72.2 11

 12 Credit unions 0.0 0.0 0.0 4.7 18.1 14.1 9.2 7.7 12

 13 Discrepancy 3.3 -3.9 4.7 33.6 10.3 23.5 1.5 11.9 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 14

 15 Asset: U.S.-chartered depository institutions 8.6 1.6 3.3 2.7 -2.8 -2.2 8.1 7.1 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority -5.0 -0.3 2.1 839.2 117.0 -8.9 594.2 -71.2 17

 18 Asset: U.S.-chartered depository institutions -5.2 -0.1 1.7 596.6 53.7 -89.7 224.8 -6.7 18

 19 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 360.2 -72.2 19

 20 Credit unions 0.0 0.0 0.0 4.7 18.1 14.1 9.2 7.7 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 0.0 21

 22 Asset: Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 0.8 0.0 22

 23 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 0.8 0.1 23

 24 Loans 0.0 -0.0 48.6 511.1 -463.1 -96.4 -0.0 -0.1 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) -19.4 98.9 49.8 104.8 -53.5 -78.4 -309.3 -87.8 25

 26 Due to foreign affiliates 21.5 98.5 73.8 168.6 -50.2 21.5 -222.2 -199.0 26

 27 - Due from foreign affiliates 40.9 -0.4 24.0 63.8 3.4 99.9 87.1 -111.1 27

 28 Foreign banking offices in U.S. (net) -9.1 -107.4 -142.2 236.6 -149.6 37.0 512.1 -51.6 28

 29 Due to foreign affiliates 102.8 98.0 78.9 48.3 -25.6 53.8 296.7 -90.0 29

 30 - Due from foreign affiliates 111.9 205.4 221.1 -188.3 124.0 16.8 -215.4 -38.3 30

 31 Less: Deposits at foreign banks -10.9 -10.4 12.7 -4.3 -9.6 13.6 -12.4 -2.6 31

 32 U.S.-chartered depository institutions -12.5 -1.1 7.9 5.2 -15.3 6.9 -4.0 -3.3 32

 33 Foreign banking offices in U.S. 1.6 -9.3 4.8 -9.5 5.7 6.6 -8.4 0.7 33

 34 Plus: Loans from foreign banks 6.9 3.3 -4.5 9.7 -8.4 -6.8 -1.3 0.8 34

 35 U.S.-chartered depository institutions 2.1 2.4 0.3 4.0 -2.0 -3.4 0.4 -0.2 35

 36 Foreign banking offices in U.S. 4.8 1.0 -4.7 5.7 -6.4 -3.4 -1.7 1.1 36

 37 Asset: Rest of the world (1) -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) -7.2 -11.2 25.4 33.4 16.8 -26.3 38.1 -24.6 38

 39 Due to (3): -8.4 6.8 17.0 -12.0 0.6 -20.8 24.4 25.2 39

 40 Foreign banking offices in U.S. -4.7 9.5 13.8 -51.9 -21.6 -1.3 -2.0 5.6 40

 41 Banks in U.S.-affiliated areas -0.5 -0.1 -0.3 0.6 1.0 -0.9 1.2 0.4 41

 42 Credit unions -6.5 1.3 -1.1 5.7 10.9 -42.2 23.7 7.3 42

 43 - Due from: Foreign banking offices in U.S. -1.3 18.0 -8.4 -45.4 -16.2 5.4 -13.7 49.8 43

 44 Unallocated (2) 3.3 -3.9 4.7 33.6 10.3 23.5 1.5 11.9 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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Historical Annuals, 2005-2012, December 9, 2013 39

F.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 268.5 1

 2 Monetary authority 30.1 23.5 17.8 428.2 -117.6 185.0 -122.1 62.1 2

 3 Federal government cash and deposits -1.4 0.2 11.4 349.3 -173.8 149.0 -255.0 7.0 3

 4 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 51.1 -37.4 4

 5 Deposits due to foreign 0.0 0.0 -0.0 1.3 1.0 0.9 -3.2 6.3 5

 6 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 85.0 86.2 6

 7 U.S.-chartered depository institutions -33.0 -35.7 13.5 137.9 94.0 69.6 319.4 176.9 7

 8 Federal government deposits 7.0 -5.9 14.9 -39.5 0.3 -0.1 -2.7 0.3 8

 9 Deposits due to foreign 6.2 9.4 5.0 31.2 -28.7 -3.8 25.6 -4.2 9

 10 Private domestic deposits -46.1 -39.2 -6.3 146.2 122.4 73.5 296.5 180.8 10

 11 Foreign banking offices in U.S. 0.5 -0.0 2.6 1.7 2.6 5.7 23.7 16.2 11

 12 Deposits due to foreign 0.2 -0.2 0.3 2.4 5.8 4.1 4.4 8.9 12

 13 Private domestic deposits 0.3 0.2 2.3 -0.7 -3.2 1.7 19.3 7.3 13

 14 Banks in U.S.-affiliated areas -0.2 0.7 1.7 -1.1 1.4 0.5 2.8 2.5 14

 15 Credit unions 7.0 -8.5 1.1 1.6 11.6 5.5 10.7 10.7 15

 16 Net change in assets 4.4 -19.9 36.7 568.4 -7.9 266.3 234.5 268.5 16

 17 Household sector -113.9 -40.0 -75.4 176.7 105.7 35.9 329.0 84.5 17

 18 Nonfinancial business 137.5 -42.5 59.3 -55.2 85.6 76.8 27.1 105.9 18

 19 Corporate 60.8 -117.2 -7.6 -59.0 70.7 79.7 29.7 92.1 19

 20 Noncorporate 76.6 74.6 66.9 3.8 14.9 -2.8 -2.6 13.8 20

 21 State and local governments 15.8 5.4 -0.2 8.5 19.2 5.6 16.6 -8.9 21

 22 Federal government 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 22

 23 Rest of the world 14.9 11.4 -5.4 64.0 -9.2 29.5 81.8 68.2 23

 24 Checkable deposits 6.4 9.2 5.2 34.8 -21.8 1.2 26.8 11.0 24

 25 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 55.0 57.1 25

 26 Financial sectors -57.0 51.4 32.3 66.5 -34.7 -29.3 36.8 10.9 26

 27 Property-casualty insurance companies -4.8 8.9 12.8 -14.8 -0.3 5.0 -8.5 12.3 27

 28 Life insurance companies -5.5 8.3 2.3 24.4 -32.1 1.0 2.0 2.7 28

 29 Private pension funds 0.3 0.4 1.4 -5.5 -2.9 2.1 5.7 -0.3 29

 30 State and local govt. retirement funds -6.7 -2.8 0.3 -0.1 0.0 0.6 0.4 -0.2 30

 31 Money market mutual funds -1.7 7.5 -4.7 5.6 10.5 -3.7 5.8 -3.6 31

 32 Government-sponsored enterprises -24.5 1.8 -2.7 39.7 11.1 -36.0 9.3 -20.1 32

 33 Finance companies -8.9 -1.6 0.4 0.3 0.5 -1.7 5.1 -3.8 33

 34 REITs 1.4 4.9 -1.8 1.8 7.9 -2.8 2.1 7.5 34

 35 Brokers and dealers -6.4 24.0 24.5 15.1 -29.4 6.2 14.9 16.3 35

 36 Mail float -4.9 -3.0 1.0 -5.2 -0.3 -1.1 0.8 1.3 36
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40 Historical Annuals, 2005-2012, December 9, 2013

F.205 Time and Savings Deposits

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 609.9 636.1 608.8 342.4 343.7 115.6 404.1 520.4 1

 2 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.3 577.4 539.7 2

 3 U.S.-chartered depository institutions 296.9 306.7 282.7 480.6 472.3 271.7 537.1 491.6 3

 4 Foreign banking offices in U.S. 0.5 8.6 6.9 0.1 4.4 5.8 13.2 13.8 4

 5 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 5

 6 Credit unions 12.1 30.5 25.8 43.0 43.4 26.1 27.4 34.4 6

 7 Large time deposits (1) 295.4 289.2 292.3 -182.4 -173.6 -182.7 -173.3 -19.2 7

 8 U.S.-chartered depository institutions 211.2 139.3 17.2 -63.9 -335.7 -133.8 -13.2 -9.1 8

 9 Foreign banking offices in U.S. 76.7 146.1 269.2 -120.0 148.0 -46.5 -163.1 -16.2 9

 10 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 -0.4 -0.1 10

 11 Credit unions 2.5 2.5 4.8 0.5 17.0 2.8 3.4 6.2 11

 12 Net change in assets 609.9 636.1 608.8 342.4 343.7 115.6 404.1 520.4 12

 13 Household sector 481.6 486.7 479.4 255.6 106.0 159.0 372.0 421.6 13

 14 Nonfinancial business 73.4 66.9 -40.7 -130.7 172.1 62.8 16.9 29.3 14

 15 Corporate 49.9 46.6 -55.7 -129.4 176.9 59.9 13.2 24.8 15

 16 Noncorporate 23.5 20.3 14.9 -1.2 -4.8 2.9 3.7 4.5 16

 17 State and local governments 3.2 16.9 33.3 18.8 9.3 -6.9 14.4 20.3 17

 18 Federal government -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 18

 19 Rest of the world 20.3 34.0 40.7 78.5 -73.2 9.0 47.2 36.8 19

 20 Financial sectors 32.3 31.4 94.9 121.4 129.2 -108.4 -46.2 12.2 20

 21 Private pension funds 6.3 0.8 3.9 -4.1 2.8 -0.9 1.4 -1.8 21

 22 State and local govt. retirement funds 9.4 8.9 3.0 0.3 1.6 6.4 3.6 -1.3 22

 23 Money market mutual funds 14.0 28.0 74.7 102.7 169.9 -107.7 -56.3 32.8 23

 24 Government-sponsored enterprises 12.1 -1.5 12.8 21.9 -42.8 0.3 -12.7 -9.1 24

 25 Finance companies -9.1 -4.8 1.2 0.8 1.6 -5.2 15.4 -11.5 25

 26 Holding companies -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 2.4 3.1 26

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 1

 2 Net purchases 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 2

 3 Household sector 44.4 218.1 239.9 235.1 -268.6 -183.5 40.7 -3.1 3

 4 Nonfinancial corporate business 52.7 69.1 127.2 178.5 -71.4 -157.7 -35.4 -4.1 4

 5 Nonfinancial noncorporate business 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 1.0 5

 6 State and local governments 13.6 15.4 17.8 2.7 9.8 13.7 -0.1 -7.5 6

 7 Rest of the world 0.1 4.1 19.0 23.7 7.2 -7.1 -50.8 36.8 7

 8 Property-casualty insurance companies -0.7 0.7 7.2 12.1 -3.2 -4.0 -5.6 3.8 8

 9 Life insurance companies -3.7 9.7 -1.6 17.5 -5.5 -12.7 7.9 -1.4 9

 10 Private pension funds 1.9 3.4 6.9 5.1 -8.8 -10.1 16.8 -4.1 10

 11 State and local govt. retirement funds 16.6 11.9 0.5 -5.2 -2.8 3.1 2.0 -1.6 11

 12 Funding corporations -2.1 -32.4 317.9 253.6 -153.7 -148.1 -89.1 -12.7 12
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Historical Annuals, 2005-2012, December 9, 2013 41

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 329.0 452.3 101.6 -1248.9 290.4 4.5 -64.4 17.1 1

 2 Rest of the world 2.7 52.3 115.3 -366.3 55.7 200.3 71.6 39.7 2

 3 Monetary authority -0.3 -0.9 14.4 44.4 -10.6 -18.0 40.2 7.3 3

 4 Private depository institutions (net) 94.7 47.3 -92.5 -340.8 294.2 -140.5 -80.3 -120.2 4

 5 U.S.-chartered depository institutions (net) 58.1 1.2 -70.7 -256.2 256.0 -195.2 -112.7 -142.6 5

 6 Foreign banking offices in U.S. (net) 39.2 44.5 -24.4 -89.5 40.6 54.6 48.3 16.2 6

 7 Credit unions (net) -2.6 1.6 2.6 4.8 -2.4 0.1 -15.9 6.2 7

 8 Property-casualty insurance companies 0.1 -0.1 -0.7 1.9 -1.7 0.8 -1.1 0.4 8

 9 Life insurance companies 7.4 0.3 -1.1 -7.3 -0.5 -2.2 0.1 3.1 9

 10 Government-sponsored enterprises -1.9 -0.4 -0.6 -1.0 -0.1 0.1 -0.9 -0.4 10

 11 REITs 13.2 14.4 -6.2 -12.3 11.1 30.0 94.9 103.4 11

 12 Brokers and dealers (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 -189.4 -15.1 12

 13 Holding companies 6.2 1.1 -2.5 -7.0 -0.2 0.2 0.4 -1.2 13

 14 Net change in assets 202.6 128.6 319.2 -660.8 -130.3 83.6 58.1 91.2 14

 15 Nonfinancial corporate business 8.1 1.0 -7.5 -0.9 0.7 4.3 0.4 -2.2 15

 16 State and local governments 5.7 5.7 6.2 -12.0 -4.2 -1.4 -6.5 -5.9 16

 17 Rest of the world 48.2 54.6 80.2 -580.4 -42.7 74.2 123.3 2.6 17

 18 Monetary authority 13.8 -6.0 5.8 33.5 -80.0 0.0 0.0 0.0 18

 19 Property-casualty insurance companies 0.6 -0.7 1.7 0.8 0.1 -0.7 -2.1 0.1 19

 20 Life insurance companies -1.0 -0.1 0.2 5.2 2.2 0.7 -0.8 -1.6 20

 21 Private pension funds 1.1 1.0 0.2 -1.0 0.2 -0.2 0.0 -0.1 21

 22 State and local govt. retirement funds -8.8 -3.9 0.1 -0.2 -0.1 0.4 0.2 -0.1 22

 23 Money market mutual funds 111.8 49.2 211.1 -63.5 -62.4 -0.6 11.1 54.2 23

 24 Mutual funds 2.8 17.4 -0.6 -7.4 28.6 -15.8 -28.8 54.1 24

 25 Government-sponsored enterprises 13.9 9.3 24.5 -28.3 7.5 20.7 -38.9 38.6 25

 26 Holding companies 6.4 1.0 -2.6 -6.6 19.8 2.1 0.2 -48.3 26

 27 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 27

 28 Discrepancy--unallocated assets 126.4 323.7 -217.7 -588.1 420.7 -79.1 -122.5 -74.2 28
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42 Historical Annuals, 2005-2012, December 9, 2013

F.208 Open Market Paper

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total net issues, all types 245.1 317.2 -169.5 -188.8 -461.8 -80.4 -88.3 -16.9 1

 2 Commercial paper 245.1 317.4 -169.4 -188.8 -461.9 -79.9 -88.2 -16.8 2

 3 Nonfinancial corporate business -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 3

 4 Foreign issues in U.S. 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 4

 5 Nonfinancial 15.7 -1.9 2.0 20.7 -15.2 -3.8 -0.5 10.3 5

 6 Financial 22.9 100.3 -71.3 -91.7 74.5 1.1 -53.0 17.6 6

 7 Financial sectors 214.2 196.6 -111.4 -125.4 -448.2 -101.7 -68.1 -58.7 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 -19.7 7.7 -33.1 8

 9 ABS issuers 148.3 162.9 -194.2 -83.9 -266.2 -40.3 -24.1 -9.0 9

 10 Finance companies -15.3 5.3 -15.1 -22.6 -38.8 1.7 10.0 8.2 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 4.0 20.9 35.0 -39.0 -18.1 3.9 11.1 6.2 12

 13 Funding corporations 77.1 7.5 62.9 20.1 -125.1 -47.4 -72.7 -30.9 13

 14 Bankers’ acceptances (1) 0.0 -0.2 -0.1 0.0 0.1 -0.5 -0.1 -0.1 14

 15 U.S.-chartered depository institutions -0.0 0.1 -0.1 0.2 0.1 -0.5 -0.1 -0.1 15

 16 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 16

 17 Net purchases, by sector 245.1 317.2 -169.5 -188.8 -461.8 -80.4 -88.3 -16.9 17

 18 Household sector 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.3 18

 19 Nonfinancial corporate business 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -7.5 19

 20 State and local governments -0.1 -1.4 -2.4 -22.0 -39.0 13.0 -10.8 -4.6 20

 21 Rest of the world 9.9 46.7 -8.3 -45.1 -41.4 -0.5 0.7 3.4 21

 22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 15.7 -15.7 0.0 0.0 0.0 23

 24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Credit unions -0.0 0.2 -0.5 -0.4 0.0 0.0 0.0 0.0 25

 26 Property-casualty insurance companies 3.5 0.6 -3.1 5.8 -9.3 -1.9 0.9 -1.3 26

 27 Life insurance companies -3.0 4.3 13.1 -3.4 11.5 -8.9 -11.2 13.9 27

 28 Private pension funds 3.0 0.2 2.5 -5.9 1.0 -2.7 2.1 -2.5 28

 29 State and local govt. retirement funds -5.0 1.8 2.8 -0.5 1.0 6.3 3.6 -1.4 29

 30 Money market mutual funds 84.4 111.4 73.7 -56.1 -108.0 -116.3 -40.0 -13.3 30

 31 Mutual funds 2.9 17.4 -0.4 -62.5 28.6 -13.9 -26.3 27.5 31

 32 Government-sponsored enterprises 8.0 18.5 -4.7 14.1 3.0 0.2 -3.4 -3.1 32

 33 Brokers and dealers 12.2 4.1 22.8 -21.4 -24.2 -5.3 5.9 -12.2 33

 34 Funding corporations 98.6 82.7 -201.6 106.5 -284.8 39.3 -7.8 -15.5 34

(1) Excludes banks’ holdings of own acceptances.
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Historical Annuals, 2005-2012, December 9, 2013 43

F.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net issues 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1140.6 1

 2 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 2

 3 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 -249.5 107.0 3

 4 Other Treasury securities 347.1 206.4 184.7 379.8 1519.8 1601.8 1319.0 1036.3 4

 5 Net purchases 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1140.6 5

 6 Household sector -120.2 -102.2 -35.0 147.1 536.3 324.2 -222.4 229.2 6

 7 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 7

 8 Bills and other Treasury securities -121.0 -99.5 -29.0 149.5 539.1 327.5 -219.7 232.0 8

 9 Nonfinancial corporate business 18.1 -6.7 -7.1 -7.9 12.5 5.1 -5.1 7.2 9

 10 Nonfinancial noncorporate business 6.0 0.2 3.0 -7.5 -5.7 1.9 0.5 0.6 10

 11 State and local governments 107.3 58.3 77.3 -46.4 -17.4 6.8 -45.5 -9.3 11

 12 Rest of the world 245.1 150.3 165.3 711.6 554.4 740.4 357.9 589.5 12

 13 Treasury bills -58.9 -11.4 49.4 455.3 -7.6 -40.2 -62.6 14.0 13

 14 Other Treasury securities 304.1 161.7 115.9 256.3 562.0 780.5 420.5 575.6 14

 15 Monetary authority 26.4 34.7 -38.3 -264.7 300.7 244.9 642.0 2.7 15

 16 Treasury bills 8.3 5.7 -49.2 -209.4 0.0 0.0 0.0 -18.4 16

 17 Other Treasury securities 18.1 29.0 10.9 -55.3 300.7 244.9 642.0 21.1 17

 18 U.S.-chartered depository institutions -6.1 2.2 5.6 -23.7 68.1 93.0 -43.7 69.3 18

 19 Foreign banking offices in U.S. 0.1 -1.0 3.6 5.1 22.0 3.5 -0.5 16.1 19

 20 Banks in U.S.-affiliated areas 0.1 -0.2 -1.9 -0.6 -0.7 0.6 -0.0 -0.6 20

 21 Credit unions -1.1 -0.3 3.0 -1.6 5.4 5.9 -2.5 1.7 21

 22 Property-casualty insurance companies 0.3 3.1 -38.7 -5.6 22.9 3.2 4.6 -6.1 22

 23 Treasury bills 2.4 -3.5 -18.0 -5.4 5.0 -0.3 1.9 -2.6 23

 24 Other Treasury securities -2.0 6.6 -20.7 -0.3 18.0 3.5 2.7 -3.6 24

 25 Life insurance companies 13.5 -7.6 -17.3 35.1 27.7 23.2 18.8 4.2 25

 26 Treasury bills 0.8 0.4 -2.4 17.8 -6.3 -3.6 3.8 -4.5 26

 27 Other Treasury securities 12.7 -8.0 -14.9 17.3 34.0 26.8 15.0 8.7 27

 28 Private pension funds 3.5 14.3 1.2 6.4 35.0 33.2 27.8 47.7 28

 29 State and local govt. retirement funds 4.8 -0.8 -9.1 -14.3 22.0 8.0 13.4 41.2 29

 30 Federal government retirement funds 7.6 8.5 11.3 24.7 7.4 10.0 17.9 12.3 30

 31 Money market mutual funds -14.2 -5.9 95.5 399.5 -171.3 -71.0 107.9 14.5 31

 32 Treasury bills -13.5 -6.5 73.6 341.9 -160.2 -84.0 29.1 19.1 32

 33 Other Treasury securities -0.8 0.5 21.9 57.7 -11.0 13.0 78.8 -4.7 33

 34 Mutual funds 12.1 -0.2 1.5 17.6 71.8 119.1 81.7 122.6 34

 35 Closed-end funds 0.3 0.2 -1.7 -2.4 1.2 0.7 -0.3 0.3 35

 36 Exchange-traded funds 4.8 3.4 6.6 7.4 14.7 9.2 11.4 1.2 36

 37 Government-sponsored enterprises 0.2 1.2 1.3 1.2 19.9 45.9 17.6 -31.2 37

 38 ABS issuers 19.7 33.4 24.7 -13.6 -18.3 -13.8 -10.9 -5.8 38

 39 Brokers and dealers -20.0 -2.4 -17.9 275.6 -67.6 -28.5 89.1 63.0 39

 40 Holding companies -0.9 1.4 4.6 -4.0 2.7 13.8 7.1 -29.8 40

 Memo:

 41 Federal government borrowing (1) 306.9 183.4 237.1 1239.2 1443.9 1580.2 1067.9 1140.2 41

(1) Total issues of Treasury securities (line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
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44 Historical Annuals, 2005-2012, December 9, 2013

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net issues 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 -22.8 1

 2 Budget agencies -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 2

 3 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 -187.2 -154.6 3

 4 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 4

 5 Net purchases 80.0 327.9 905.3 768.9 -59.9 -46.2 -20.8 -22.8 5

 6 Household sector 152.4 -30.6 330.5 238.6 -673.4 -6.0 11.2 -122.4 6

 7 Nonfinancial corporate business 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -2.6 7

 8 State and local governments 35.7 39.0 44.3 -18.3 9.8 22.5 -12.7 -25.0 8

 9 Federal government 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 9

 10 Rest of the world 134.3 224.0 248.8 -228.6 -226.0 -72.3 -41.6 -71.8 10

 11 Monetary authority 0.0 0.0 0.0 19.7 1048.5 71.4 -197.9 61.8 11

 12 U.S.-chartered depository institutions 52.5 34.2 -111.0 136.2 168.0 110.1 106.9 35.5 12

 13 Foreign banking offices in U.S. -0.9 4.2 2.0 -6.5 -19.3 -4.8 4.0 1.5 13

 14 Banks in U.S.-affiliated areas 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 -8.0 -2.2 14

 15 Credit unions -6.8 -13.9 -4.1 14.4 27.8 40.9 30.6 14.9 15

 16 Property-casualty insurance companies 5.8 4.1 3.8 -11.5 1.9 -0.4 6.9 -9.0 16

 17 Life insurance companies 11.4 8.8 5.5 -16.7 5.8 4.0 -1.6 -13.8 17

 18 Private pension funds 16.8 16.6 4.4 -0.2 -6.4 6.5 3.3 16.9 18

 19 State and local govt. retirement funds -47.0 9.7 -3.1 -30.6 -3.0 1.8 7.1 33.6 19

 20 Federal government retirement funds 0.0 -0.2 -0.2 -0.2 0.0 0.6 0.7 0.6 20

 21 Money market mutual funds -107.9 -28.2 102.0 520.3 -213.1 -140.2 0.9 -60.2 21

 22 Mutual funds 15.3 20.9 81.0 -22.5 52.1 80.2 99.0 87.4 22

 23 Government-sponsored enterprises -135.4 -37.1 -11.1 207.0 -27.4 -85.1 -18.1 -48.3 23

 24 ABS issuers -40.7 22.6 18.1 -26.0 -224.2 -96.0 -3.3 -0.0 24

 25 REITs -4.0 24.8 23.5 0.7 15.5 38.2 101.4 111.5 25

 26 Brokers and dealers -6.3 37.0 177.2 -72.5 -131.8 38.9 -2.1 21.9 26

 27 Holding companies -2.3 -0.0 -1.3 15.9 -7.0 -3.2 12.0 -22.1 27

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 41.
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Historical Annuals, 2005-2012, December 9, 2013 45

F.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 1

 2 State and local governments 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 2

 3 Short-term (1) -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 3.8 3

 4 Long-term 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 -9.4 4

 5 Nonprofit organizations (2) 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 6

 7 Net change in assets 198.1 170.0 235.5 92.4 155.3 99.7 -52.8 -4.9 7

 8 Household sector 77.8 34.7 37.9 47.4 107.1 43.7 -64.8 -152.3 8

 9 Nonfinancial corporate business 0.3 -4.0 1.1 -3.0 0.9 -3.2 -1.6 12.2 9

 10 Nonfinancial noncorporate business 0.1 1.3 -0.5 -0.4 0.2 0.5 0.1 0.1 10

 11 State and local governments 1.2 1.4 1.6 0.4 1.0 1.4 0.1 -0.6 11

 12 Rest of the world 3.0 5.4 10.7 5.9 7.7 13.1 -1.4 -2.4 12

 13 U.S.-chartered depository institutions 18.3 24.2 11.9 19.9 2.4 30.3 42.6 65.8 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Banks in U.S.-affiliated areas 0.2 0.8 0.7 0.5 0.9 -0.9 0.9 -0.8 15

 16 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 3.2 1.0 16

 17 Property-casualty insurance companies 45.4 22.1 36.1 10.6 -12.6 -21.0 -17.4 -3.4 17

 18 Life insurance companies 2.4 4.1 4.8 5.7 26.1 39.2 9.4 9.6 18

 19 State and local govt. retirement funds -0.9 0.0 -0.1 -0.2 0.1 0.7 0.9 1.9 19

 20 Money market mutual funds 26.7 42.9 104.6 12.9 -69.4 -53.4 -29.4 -20.6 20

 21 Mutual funds 17.4 32.7 27.7 17.7 89.4 46.7 15.7 86.2 21

 22 Closed-end funds 0.2 0.0 1.9 -13.3 3.3 0.4 0.9 3.3 22

 23 Exchange-traded funds 0.0 0.0 0.6 1.7 3.6 1.7 1.0 3.6 23

 24 Government-sponsored enterprises -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 -3.9 -4.1 24

 25 Brokers and dealers 10.9 8.0 -0.7 -11.4 -3.3 4.6 -9.1 -4.3 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
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46 Historical Annuals, 2005-2012, December 9, 2013

F.212 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net issues 873.2 1242.0 1250.9 -216.3 -10.9 -76.7 222.9 432.2 1

 2 Nonfinancial corporate business 63.5 218.8 323.0 225.4 411.7 438.6 410.8 579.6 2

 3 Rest of the world (1) 64.5 227.8 218.7 -158.8 163.3 59.9 137.7 62.2 3

 4 Financial sectors 745.3 795.4 709.2 -283.0 -586.0 -575.3 -325.6 -209.6 4

 5 U.S.-chartered depository institutions 13.5 29.6 24.8 0.1 -28.5 6.7 -21.0 1.3 5

 6 ABS issuers (net) (2) 583.4 633.7 544.5 -329.8 -470.8 -457.4 -222.8 -205.5 6

 7 Finance companies 43.6 42.4 -2.8 -49.6 -87.0 -111.7 -39.4 -81.4 7

 8 REITs 32.8 13.9 0.7 -60.3 -41.3 -0.1 15.5 26.1 8

 9 Brokers and dealers 0.1 6.4 -4.0 32.3 -4.2 36.9 -37.9 -1.7 9

 10 Holding companies 44.2 47.8 94.4 123.0 7.8 -46.5 -91.6 16.3 10

 11 Funding corporations 27.6 21.6 51.5 1.4 37.9 -3.2 71.6 35.3 11

 12 Net purchases (3) 873.2 1242.0 1250.9 -216.3 -10.9 -76.7 222.9 432.2 12

 13 Household sector 43.6 170.0 202.1 -163.8 75.1 -319.4 132.1 98.5 13

 14 State and local governments 11.5 12.6 14.3 -5.6 3.3 7.4 -4.0 -8.0 14

 15 Federal government 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 15

 16 Rest of the world (4) 328.5 541.0 424.6 -21.8 -127.3 -36.8 -109.9 -16.9 16

 17 MBS and other ABS 153.1 247.2 134.3 -101.4 -168.7 -45.5 -44.8 -36.1 17

 18 Other 175.4 293.7 290.3 79.5 41.4 8.8 -65.1 19.2 18

 19 U.S.-chartered depository institutions 67.7 71.8 151.5 -63.2 25.1 -98.2 2.5 -1.4 19

 20 MBS and other ABS 60.8 32.2 115.3 -69.1 -47.7 -88.1 -24.8 -1.0 20

 21 Other 7.3 40.1 35.8 5.0 73.7 -10.7 27.8 -0.1 21

 22 Foreign banking offices in U.S. 79.3 28.3 77.4 32.2 -157.8 -9.4 -1.4 -6.2 22

 23 Banks in U.S.-affiliated areas -0.5 -0.4 0.1 0.0 1.5 -1.4 3.6 1.0 23

 24 Credit unions -1.5 7.2 3.9 -8.4 -6.7 -15.7 -0.3 0.3 24

 25 MBS and other ABS 0.0 0.0 0.0 0.5 0.3 -0.7 -0.3 0.7 25

 26 Other -1.5 7.2 3.9 -8.9 -7.0 -15.0 -0.1 -0.4 26

 27 Property-casualty insurance companies 17.5 14.2 5.9 -15.4 30.8 24.3 40.4 16.7 27

 28 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 2.7 28

 29 Other 17.5 14.2 5.9 -15.4 30.8 24.3 41.1 14.0 29

 30 Life insurance companies 74.7 29.7 43.1 -45.5 97.6 102.9 87.5 32.9 30

 31 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -24.3 31

 32 Other 74.7 29.7 43.1 -45.5 97.6 102.9 87.5 57.2 32

 33 Private pension funds 22.2 27.7 21.7 2.9 -14.5 83.4 44.6 -47.8 33

 34 State and local govt. retirement funds 87.0 79.2 48.0 22.0 -102.3 5.7 -24.8 -60.1 34

 35 Federal government retirement funds 0.4 0.5 1.5 -0.5 -0.0 0.2 1.4 1.0 35

 36 Money market mutual funds 13.4 101.3 15.9 -148.8 -58.1 -15.7 -49.1 -3.0 36

 37 Mutual funds 65.9 104.3 122.1 69.7 143.8 122.3 170.3 306.0 37

 38 Closed-end funds 1.7 5.8 -0.5 -24.8 6.0 4.2 -2.3 7.6 38

 39 Exchange-traded funds 1.9 2.4 6.2 13.9 27.6 18.7 33.6 47.6 39

 40 Government-sponsored enterprises 50.9 16.1 -17.4 -77.7 -48.6 -29.6 -30.8 -50.0 40

 41 MBS and other ABS 43.5 10.5 -20.1 -64.4 -50.2 -46.5 -32.2 -31.2 41

 42 Other 7.4 5.5 2.7 -13.4 1.6 17.0 1.4 -18.8 42

 43 Finance companies -52.5 -18.7 4.5 3.0 6.3 -19.8 0.9 -6.3 43

 44 REITs 17.0 11.6 -30.2 -22.8 3.8 5.3 1.3 10.1 44

 45 Brokers and dealers 77.7 39.8 27.3 -259.0 47.5 35.2 -85.0 35.5 45

 46 Holding companies -3.7 4.9 19.2 -0.0 -8.4 7.3 -20.1 -4.7 46

 47 Funding corporations -29.4 -7.1 109.6 497.3 43.6 51.9 32.6 79.6 47

(1) Net purchases of foreign issues by U.S. residents.

(2) Net issuance less net acquisition of corporate bonds held as assets.

(3) For some sectors, purchases of MBS and other ABS are shown separately. MBS and other ABS include privately issued mortgage-backed securities and other privately

 issued asset-backed bonds.

(4) Net purchases of U.S. issues by foreign residents.
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Historical Annuals, 2005-2012, December 9, 2013 47

F.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net issues -76.7 -368.4 -459.5 266.6 317.9 -7.0 -302.2 -148.5 1

 2 Nonfinancial corporate business -341.8 -565.7 -786.8 -334.3 -62.1 -277.5 -472.3 -399.7 2

 3 Rest of the world (2) 186.7 137.3 147.8 -38.5 63.7 79.1 6.0 82.6 3

 4 Financial sectors 78.4 60.0 179.6 639.5 316.3 191.3 164.1 168.6 4

 5 U.S.-chartered depository institutions 8.4 10.2 7.5 12.1 11.6 11.9 6.4 2.1 5

 6 Property-casualty insurance companies -2.8 -8.5 -13.2 0.4 -5.3 -12.7 -10.7 -14.5 6

 7 Life insurance companies -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 -11.5 -9.9 7

 8 Closed-end funds 20.5 8.5 18.4 -61.6 7.5 0.5 -2.9 2.5 8

 9 Exchange-traded funds 56.7 74.0 150.6 177.2 116.5 118.0 117.6 185.2 9

 10 REITs 16.1 22.2 17.1 12.8 24.2 28.2 37.5 47.6 10

 11 Government-sponsored enterprises 4.2 1.1 25.5 27.6 96.0 38.1 29.2 14.5 11

 12 Brokers and dealers 3.3 -7.6 32.3 120.2 -32.4 -11.1 14.1 -50.7 12

 13 Holding companies -20.0 -19.8 -28.0 321.4 68.6 19.8 2.9 0.6 13

 14 Funding corporations (3) 0.0 0.0 0.0 40.0 30.5 3.5 -18.4 -8.6 14

 15 Net purchases -76.7 -368.4 -459.5 266.6 317.9 -7.0 -302.2 -148.5 15

 16 Household sector -422.8 -648.7 -1104.0 -301.2 -5.7 -186.8 -288.9 -330.9 16

 17 State and local governments 4.4 4.5 4.9 -7.8 -2.3 -0.2 -4.3 -4.3 17

 18 Federal government 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 18

 19 Rest of the world (4) 56.9 96.2 217.6 105.8 154.9 74.6 37.0 35.8 19

 20 Monetary authority 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 20

 21 U.S.-chartered depository institutions -0.9 -0.4 1.4 0.9 6.3 -1.8 1.0 5.1 21

 22 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 -0.0 0.0 22

 23 Property-casualty insurance companies -6.3 -1.9 2.0 35.4 -2.8 -20.9 2.9 4.6 23

 24 Life insurance companies 65.9 71.4 84.1 81.8 33.4 45.6 37.7 15.3 24

 25 Private pension funds -42.0 -86.5 4.6 -73.2 -95.4 25.2 -63.8 9.6 25

 26 State and local govt. retirement funds 43.3 -10.6 55.4 110.3 20.5 -84.0 -77.4 36.7 26

 27 Federal government retirement funds 6.7 5.9 1.9 -8.4 8.8 5.4 -4.2 -4.1 27

 28 Mutual funds 129.6 131.3 91.3 -38.1 86.5 44.3 4.9 -37.0 28

 29 Closed-end funds 18.3 2.4 18.8 -21.1 -3.0 -4.8 -1.2 -8.7 29

 30 Exchange-traded funds 50.0 68.3 137.3 154.2 70.5 88.3 71.6 132.9 30

 31 Brokers and dealers 20.1 -0.2 25.4 -28.5 -4.6 -18.5 -5.0 9.7 31

 32 Funding corporations 0.0 0.0 0.0 0.0 25.1 1.3 -26.4 0.0 32

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 1

 2 Net purchases 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 2

 3 Household sector 176.7 167.4 234.4 -37.7 334.1 227.7 218.7 401.5 3

 4 Nonfinancial corporate business 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.6 4

 5 State and local governments 3.5 3.9 4.4 -0.7 1.7 2.8 -0.7 -2.2 5

 6 Rest of the world 32.3 45.2 39.1 -2.7 57.2 111.5 147.5 159.4 6

 7 U.S.-chartered depository institutions -1.8 3.9 3.6 1.3 14.8 -5.8 -0.8 8.3 7

 8 Credit unions -1.0 -0.1 -0.0 -0.0 -0.7 0.2 0.3 0.4 8

 9 Property-casualty insurance companies 0.5 4.7 -2.0 -0.7 0.5 -0.1 -0.7 1.8 9

 10 Life insurance companies -9.9 26.9 31.3 -10.7 0.0 1.0 1.1 1.3 10

 11 Private pension funds 70.0 74.9 81.2 85.5 56.5 35.1 1.5 52.6 11

 12 State and local govt. retirement funds -10.8 -13.6 -25.6 -27.6 -2.3 -13.2 -15.7 4.5 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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48 Historical Annuals, 2005-2012, December 9, 2013

F.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 171.8 154.8 337.5 699.9 -753.4 -90.4 146.6 184.1 1

 2 Household sector 8.2 12.0 -9.1 4.6 33.0 52.4 -53.9 111.5 2

 3 Corporate business -27.1 22.1 96.3 64.2 -234.0 -83.5 68.9 78.3 3

 4 Noncorporate business 157.8 115.2 140.8 119.5 -102.0 -20.3 56.7 87.8 4

 5 Rest of the world 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 5

 6 Foreign official institutions -3.6 -0.7 0.2 1.7 -0.0 2.1 -1.2 0.8 6

 7 Foreign banks 5.0 2.9 8.9 5.4 -5.2 15.6 16.8 0.6 7

 8 Other foreign 15.9 14.7 20.2 8.0 -9.6 6.3 27.6 29.1 8

 9 Financial sectors 15.5 -11.5 80.1 496.4 -435.4 -62.9 31.6 -124.0 9

 10 Finance companies 5.2 -12.9 52.8 -7.1 -30.4 -64.9 15.9 16.4 10

 11 REITs 8.4 -5.0 4.8 -0.3 -12.1 -2.2 3.6 1.2 11

 12 Brokers and dealers 0.0 0.0 0.0 45.5 -45.5 0.0 0.0 0.0 12

 13 Holding companies 1.9 6.4 22.5 13.3 2.3 26.1 64.0 -120.2 13

 14 Funding corporations 0.0 0.0 0.0 444.9 -349.6 -21.9 -51.9 -21.5 14

 15 Net change in assets 171.8 154.8 337.5 699.9 -753.4 -90.4 146.6 184.1 15

 16 Monetary authority (2) 0.0 0.0 0.0 490.4 -347.6 -44.8 -67.6 -29.9 16

 17 U.S.-chartered depository institutions 97.2 82.0 229.3 138.7 -280.8 -34.6 163.6 216.6 17

 18 Foreign banking offices in U.S. 64.0 70.1 107.6 67.6 -126.0 -11.3 42.9 -3.7 18

 19 Banks in U.S.-affiliated areas 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 1.1 1.0 19

 20 Credit unions 4.9 3.0 4.8 4.8 1.3 3.5 6.6 0.1 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table F.108.
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Historical Annuals, 2005-2012, December 9, 2013 49

F.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total other loans and advances 156.9 163.9 527.7 119.1 -447.0 -226.9 8.6 -8.2 1

 2 U.S. government loans -7.0 0.6 -2.2 6.1 66.1 3.6 4.9 2.5 2

 3 Liab.: Household sector -0.7 1.4 -0.4 0.3 -0.2 -1.0 -0.5 -0.1 3

 4 Nonfinancial corporate business 0.8 1.2 -0.2 4.4 59.6 -4.3 -0.5 5.2 4

 5 Nonfinancial noncorporate business -3.1 4.7 1.1 2.1 3.6 0.6 2.9 0.6 5

 6 State and local governments 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 6

 7 Rest of the world -4.6 -7.4 -3.3 -1.5 0.3 0.2 1.4 3.2 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 0.0 0.0 0.0 0.0 2.0 7.2 0.7 -6.8 10

 11 Foreign loans to U.S. corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -49.9 11

 12 Liab.: Nonfinancial corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -49.9 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Foreign banking offices in U.S. 0.1 -0.3 0.0 -0.2 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 0.0 -0.3 -0.1 -0.2 0.0 0.0 0.0 0.0 15

 16 Rest of the world -0.0 -0.1 0.1 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 16.7 17

 18 Liab.: Nonfinancial corporate business 2.7 -2.9 0.7 2.0 -3.2 4.3 4.0 14.3 18

 19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 19

 20 Policy loans (Household liability) 0.8 3.3 3.6 5.9 0.7 3.4 2.4 1.4 20

 21 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 21

 22 Life insurance companies 0.8 3.4 3.6 5.9 0.7 3.4 2.5 1.4 22

 23 Govt.-sponsored enterprises loans (1) 52.4 33.1 237.7 38.1 -284.8 -144.7 -64.2 18.6 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) 1.4 1.7 1.9 -3.8 -0.4 1.6 -0.9 0.7 25

 26 Nonfinancial noncorporate business (FCS) 6.7 10.2 10.1 8.5 0.2 5.6 -2.6 7.6 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 40.7 14.3 197.8 -1.2 -263.9 -148.3 -60.5 4.6 27

 28 Credit unions (FHLB) 3.3 4.2 13.4 8.3 -14.1 -0.4 -2.0 0.9 28

 29 Life insurance companies (FHLB) 0.4 2.7 14.5 26.2 -6.6 -3.2 1.8 4.8 29

 30 Securitized loans held by ABS issuers -17.6 3.8 -4.0 -15.6 -23.7 -4.9 -3.9 1.7 30

 31 Liab.: Nonfinancial corporate business -17.6 3.8 -4.0 -15.6 -23.7 -4.9 -3.9 1.7 31

 32 Finance company loans to business 27.6 18.9 24.9 16.9 -91.0 -15.2 6.7 14.2 32

 33 Liab.: Nonfinancial corporate business 24.9 17.0 22.4 15.2 -81.9 -13.7 6.0 12.8 33

 34 Nonfinancial noncorporate business 2.8 1.9 2.5 1.7 -9.1 -1.5 0.7 1.4 34

 35 Loans to nonfinancial corporate business (2) 66.6 101.1 164.6 110.5 -67.1 -53.3 24.9 -13.5 35

 36 Asset: Household sector 2.7 0.4 8.5 12.2 -5.3 -0.6 -2.8 -2.5 36

 37 Life insurance companies 4.2 6.5 9.6 14.3 -13.3 -3.7 5.4 0.4 37

 38 Mutual funds 10.5 9.8 36.1 12.4 1.3 -0.8 18.9 12.2 38

 39 ABS issuers 37.8 61.2 92.6 53.4 -27.4 -34.0 -1.5 -2.3 39

 40 Brokers and dealers 7.7 19.8 11.1 3.1 -12.7 -12.7 6.9 -14.8 40

 41 Funding corporations 3.6 3.4 6.7 15.1 -9.8 -1.5 -2.0 -6.5 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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50 Historical Annuals, 2005-2012, December 9, 2013

F.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in mortgages 1443.8 1392.9 1095.4 91.4 -292.9 -543.2 -322.0 -259.3 1

 2 Home 1128.5 1079.8 738.1 -96.4 -214.0 -384.6 -255.1 -248.1 2

 3 Multifamily residential 62.7 41.7 86.7 46.3 6.5 -4.9 5.7 24.3 3

 4 Commercial 243.5 268.2 266.1 119.5 -96.8 -161.8 -85.6 -41.3 4

 5 Farm 9.1 3.3 4.6 22.0 11.3 8.1 13.1 5.8 5

 6 Net borrowing 1443.8 1392.9 1095.4 91.4 -292.9 -543.2 -322.0 -259.3 6

 7 Household sector 1061.1 1015.2 714.6 -42.3 -166.9 -407.5 -235.6 -239.1 7

 8 Nonfinancial business 368.6 371.1 376.2 126.9 -129.4 -135.9 -95.4 -35.7 8

 9 Corporate 191.1 87.9 69.1 -60.0 -128.0 -119.4 -58.1 -12.4 9

 10 Noncorporate 177.4 283.2 307.1 186.9 -1.4 -16.5 -37.4 -23.4 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 14.1 6.6 4.7 6.8 3.4 0.2 9.1 15.6 12

 13 Net change in assets 1443.8 1392.9 1095.4 91.4 -292.9 -543.2 -322.0 -259.3 13

 14 Household sector 8.1 -17.3 -13.0 1.1 -3.0 -13.7 -3.2 -20.3 14

 15 Nonfinancial corporate business 1.7 -8.4 -18.4 -7.7 -4.1 -1.6 -0.6 -0.6 15

 16 Nonfinancial noncorporate business 5.3 -1.5 7.4 -3.0 -1.2 4.2 0.4 0.5 16

 17 State and local governments 14.6 16.1 18.3 -6.0 5.0 10.0 -4.5 -9.9 17

 18 Federal government 2.4 3.7 2.1 13.5 12.6 -5.4 4.0 1.7 18

 19 U.S.-chartered depository institutions 450.2 359.6 243.0 -43.4 -243.3 -205.0 -145.4 -52.2 19

 20 Foreign banking offices in U.S. 4.0 4.1 14.1 5.2 -6.4 -2.5 -2.6 -1.9 20

 21 Banks in U.S.-affiliated areas 3.6 4.1 1.6 1.8 -0.3 -6.5 -2.4 1.5 21

 22 Credit unions 27.4 26.4 27.7 32.0 4.8 0.0 3.5 7.3 22

 23 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 23

 24 Life insurance companies 12.1 18.3 22.4 16.3 -16.3 -8.6 15.0 11.9 24

 25 Private pension funds -0.2 -0.3 2.2 -8.0 -2.4 2.8 -4.6 -2.6 25

 26 State and local govt. retirement funds -1.3 2.2 2.0 -2.8 -3.7 -0.5 0.2 -1.2 26

 27 Government-sponsored enterprises (1) -40.2 18.4 35.9 62.2 2.4 -110.8 -96.9 -100.5 27

 28 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 165.3 132.2 28

 29 ABS issuers 697.6 631.6 183.3 -353.1 -371.0 -297.1 -218.9 -205.4 29

 30 Finance companies 65.4 52.9 -44.4 -67.0 -52.6 -88.8 -32.3 -26.7 30

 31 REITs 28.3 -10.4 -13.2 -46.9 -28.0 -6.3 0.2 6.1 31
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Historical Annuals, 2005-2012, December 9, 2013 51

F.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net borrowing 1128.5 1079.8 738.1 -96.4 -214.0 -384.6 -255.1 -248.1 1

 2 Household sector 1053.3 997.4 701.3 -39.2 -160.0 -396.0 -228.9 -235.9 2

 3 Nonfinancial corporate business 7.6 8.2 2.9 -10.2 -12.4 -6.8 -3.4 -0.5 3

 4 Nonfinancial noncorporate business 67.6 74.2 33.9 -46.9 -41.5 18.1 -22.8 -11.7 4

 5 Net change in assets 1128.5 1079.8 738.1 -96.4 -214.0 -384.6 -255.1 -248.1 5

 6 Household sector 5.0 -15.0 -12.1 0.4 -8.0 -8.0 -8.0 -8.0 6

 7 Nonfinancial corporate business 1.0 -5.1 -10.9 -4.8 -2.5 -0.9 -0.6 -0.6 7

 8 Nonfinancial noncorporate business 1.9 -0.6 2.7 -1.1 -0.4 1.5 0.2 0.2 8

 9 State and local governments 7.5 8.3 9.4 -3.1 2.6 5.2 -2.3 -5.1 9

 10 Federal government -0.4 0.2 0.3 2.7 5.7 -1.8 0.9 1.2 10

 11 U.S.-chartered depository institutions 289.3 203.2 135.2 -184.4 -191.1 -104.7 -77.7 -52.1 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 -1.5 -6.0 0.1 0.3 0.5 12

 13 Banks in U.S.-affiliated areas 0.7 0.9 4.3 1.4 -0.3 -2.5 -2.4 2.3 13

 14 Credit unions 27.4 26.4 27.7 32.0 4.8 0.0 3.5 7.3 14

 15 Life insurance companies -0.6 2.9 -0.9 -0.8 0.0 0.4 -0.1 0.5 15

 16 Private pension funds -0.0 -0.1 -0.1 0.1 0.7 -0.1 -0.3 0.9 16

 17 State and local govt. retirement funds -0.5 0.8 0.7 -1.0 -1.3 -0.2 0.1 -0.4 17

 18 Government-sponsored enterprises -54.7 3.7 -9.7 8.8 -25.3 -117.7 -103.2 -111.5 18

 19 Agency- and GSE-backed mortgage pools 169.0 302.8 622.6 492.2 402.5 175.8 148.0 105.0 19

 20 ABS issuers 590.2 523.6 40.0 -313.3 -323.5 -243.7 -192.9 -181.2 20

 21 Finance companies 67.8 51.6 -47.7 -77.6 -50.1 -84.4 -19.8 -12.2 21

 22 REITs 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 -0.7 5.5 22

 Memo:

 23 Home equity loans included above (2) 141.5 150.5 65.2 -18.5 -82.6 -90.6 -75.0 -82.9 23

 24 U.S.-chartered depository institutions 95.9 90.5 81.5 22.0 -53.3 -66.3 -60.1 -70.4 24

 25 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.4 -0.6 0.0 -0.0 -0.0 25

 26 Credit unions 12.0 11.0 7.2 4.6 -4.1 -6.4 -6.0 -6.5 26

 27 ABS issuers 19.3 39.3 -10.5 -25.2 -15.1 -8.7 -4.8 -3.5 27

 28 Finance companies 14.3 9.7 -13.1 -19.5 -9.6 -9.3 -4.0 -2.4 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 62.7 41.7 86.7 46.3 6.5 -4.9 5.7 24.3 1

 2 Nonfinancial corporate business 3.1 2.1 4.5 2.2 0.2 -0.3 0.3 1.3 2

 3 Nonfinancial noncorporate business 59.7 39.3 84.6 41.8 4.5 -5.5 5.5 24.1 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs -0.1 0.3 -2.3 2.3 1.8 0.8 -0.1 -1.1 5

 6 Net change in assets 62.7 41.7 86.7 46.3 6.5 -4.9 5.7 24.3 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.0 -0.1 -0.3 -0.1 -0.1 -0.0 0.0 0.0 8

 9 Nonfinancial noncorporate business 1.9 -0.5 2.6 -1.0 -0.4 1.5 0.2 0.2 9

 10 State and local governments 5.8 6.4 7.3 -2.4 2.0 4.0 -1.8 -4.0 10

 11 Federal government -0.0 -0.2 -0.3 0.1 0.1 -0.3 -0.3 -0.3 11

 12 U.S.-chartered depository institutions 30.8 16.3 7.8 14.9 -9.0 -12.2 -6.6 5.0 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.2 -0.4 -0.5 -0.6 -1.5 13

 14 Life insurance companies 2.0 3.6 5.8 -0.1 -3.2 -1.3 2.1 1.5 14

 15 Private pension funds -0.0 -0.1 0.1 0.3 0.3 0.4 -0.3 0.9 15

 16 State and local govt. retirement funds -0.4 0.7 0.6 -0.8 -1.1 -0.2 0.1 -0.4 16

 17 Government-sponsored enterprises 10.5 12.4 42.3 42.5 14.2 2.0 2.8 6.2 17

 18 Agency- and GSE-backed mortgage pools -4.5 -12.5 -0.7 4.6 13.0 11.3 19.4 27.0 18

 19 ABS issuers 16.2 13.0 21.4 -10.8 -6.1 -8.6 -7.7 -9.6 19

 20 Finance companies 0.0 -0.5 -0.1 0.2 -0.7 -0.7 -1.5 -0.8 20

 21 REITs 0.3 3.1 0.2 -0.9 -2.0 -0.4 -0.2 0.1 21
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52 Historical Annuals, 2005-2012, December 9, 2013

F.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net borrowing 243.5 268.2 266.1 119.5 -96.8 -161.8 -85.6 -41.3 1

 2 Household sector 7.8 17.9 13.3 -3.0 -6.8 -11.5 -6.7 -3.2 2

 3 Nonfinancial corporate business 177.8 76.2 60.0 -58.0 -120.0 -115.6 -59.5 -15.4 3

 4 Nonfinancial noncorporate business 43.6 167.9 185.8 176.1 28.4 -34.0 -28.6 -39.4 4

 5 REITs 14.2 6.3 7.0 4.5 1.6 -0.6 9.2 16.7 5

 6 Net change in assets 243.5 268.2 266.1 119.5 -96.8 -161.8 -85.6 -41.3 6

 7 Household sector 1.9 2.2 2.1 0.9 -0.7 -2.5 -4.3 -6.1 7

 8 Nonfinancial corporate business 0.6 -3.2 -7.3 -2.8 -1.6 -0.6 0.1 0.1 8

 9 Nonfinancial noncorporate business 1.4 -0.4 2.0 -0.8 -0.3 1.1 0.1 0.1 9

 10 State and local governments 1.2 1.3 1.5 -0.5 0.4 0.8 -0.4 -0.8 10

 11 Federal government 2.8 3.7 2.1 10.4 6.4 -3.7 3.2 0.8 11

 12 U.S.-chartered depository institutions 126.7 137.8 98.1 117.4 -36.8 -95.1 -62.9 -11.9 12

 13 Foreign banking offices in U.S. 4.0 4.1 14.1 6.8 0.1 -2.1 -2.3 -0.9 13

 14 Banks in U.S.-affiliated areas 2.9 3.2 -2.7 0.4 -0.0 -4.0 -0.1 -0.8 14

 15 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 0.8 0.7 15

 16 Life insurance companies 10.2 11.1 16.8 14.9 -11.4 -6.9 12.3 10.0 16

 17 Private pension funds -0.1 -0.2 2.2 -8.4 -3.4 2.5 -4.0 -4.3 17

 18 State and local govt. retirement funds -0.4 0.7 0.7 -1.0 -1.2 -0.2 0.1 -0.4 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 91.1 95.0 121.8 -28.9 -41.4 -44.9 -18.3 -14.5 20

 21 Finance companies -2.4 1.8 3.3 10.5 -1.9 -3.7 -11.0 -13.8 21

 22 REITs 3.2 10.3 10.1 0.4 -4.3 -2.3 1.1 0.5 22

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 9.1 3.3 4.6 22.0 11.3 8.1 13.1 5.8 1

 2 Nonfinancial corporate business 2.6 1.4 1.8 6.0 4.1 3.2 4.5 2.2 2

 3 Nonfinancial noncorporate business 6.5 1.9 2.8 16.0 7.2 4.9 8.6 3.6 3

 4 Net change in assets 9.1 3.3 4.6 22.0 11.3 8.1 13.1 5.8 4

 5 Household sector 1.2 -4.4 -3.0 -0.2 5.8 -3.2 9.1 -6.2 5

 6 Nonfinancial noncorporate business 0.1 -0.0 0.1 -0.1 -0.0 0.1 0.0 0.0 6

 7 State and local governments 0.1 0.1 0.1 -0.0 0.0 0.1 -0.0 -0.1 7

 8 Federal government -0.0 -0.0 0.1 0.2 0.4 0.4 0.3 0.1 8

 9 U.S.-chartered depository institutions 3.3 2.4 1.9 8.8 -6.4 7.0 1.8 6.9 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 0.0 10

 11 Life insurance companies 0.6 0.7 0.7 2.3 -1.7 -0.9 0.6 0.0 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 4.0 2.2 3.3 10.9 13.5 4.9 3.5 4.8 13

 14 Agency- and GSE-backed mortgage pools -0.1 2.3 1.4 0.1 -0.2 -0.2 -2.1 0.3 14

(1) Excludes mortgages on farm houses.
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Historical Annuals, 2005-2012, December 9, 2013 53

F.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities (Households) 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 1

 2 Net change in assets 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 2

 3 Households (nonprofit organizations) (1) 0.0 10.4 8.4 7.1 -5.8 -10.4 -3.9 -7.4 3

 4 Nonfinancial corporate business 0.4 -5.0 4.3 -1.2 -2.2 -11.4 2.3 0.0 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 6

 7 U.S.-chartered depository institutions 20.5 52.2 58.1 70.1 -64.5 -70.3 7.1 28.1 7

 8 Credit unions 13.2 7.5 0.5 -0.4 0.9 -10.7 -3.4 20.6 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers 38.4 36.2 32.8 -42.3 -37.8 -42.3 -4.2 3.7 10

 11 Finance companies 24.2 19.2 40.2 -17.9 -82.4 -13.4 -17.4 -7.8 11

 Memo:

 12 Credit card loans (3) 32.3 57.0 78.0 2.3 -88.0 -69.4 1.8 3.3 12

 13 Auto loans 25.2 -5.4 16.2 -23.9 -58.2 -41.0 17.2 59.8 13

 14 Student loans (4) 0.0 72.6 80.0 93.7 101.0 80.8 99.9 119.0 14

 15 Other consumer credit (5) 42.9 -2.3 -23.0 -37.3 -58.5 4.3 -9.9 -12.8 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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54 Historical Annuals, 2005-2012, December 9, 2013

F.223 Trade Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in trade payables 340.6 188.9 201.8 -170.6 -12.0 226.5 58.7 176.2 1

 2 Household sector 13.0 13.6 14.6 22.2 16.0 21.4 14.0 1.5 2

 3 Nonfinancial corporate business 199.0 109.0 85.1 -225.2 -82.6 156.3 25.2 120.5 3

 4 Nonfinancial noncorporate business 49.6 14.4 26.0 5.7 16.8 30.3 7.6 0.9 4

 5 State and local governments 31.9 34.3 36.7 38.6 38.9 38.5 38.4 39.1 5

 6 Federal government 33.7 6.2 29.3 22.6 -56.2 6.3 9.4 7.9 6

 7 Rest of the world 6.3 6.2 12.4 -9.9 6.1 25.8 -32.2 6.3 7

 8 Brokers and dealers 7.0 5.2 -2.4 -24.7 48.9 -52.0 -3.8 -0.0 8

 9 Net change in trade receivables 378.3 41.2 246.2 -192.1 -114.5 166.3 112.9 110.0 9

 10 Nonfinancial corporate business 277.6 -15.2 159.8 -169.5 -31.1 105.7 83.4 82.4 10

 11 Nonfinancial noncorporate business 66.6 40.0 54.7 -3.0 -26.3 37.0 5.5 6.8 11

 12 State and local governments 17.4 8.9 7.8 -15.4 -4.6 13.1 2.3 8.3 12

 13 Federal government 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 13

 14 Rest of the world 7.9 5.9 20.8 6.5 6.6 19.8 17.7 11.5 14

 15 Property-casualty insurance companies 2.4 4.9 -1.6 1.3 -3.7 0.8 3.4 4.8 15

 16 ABS issuers -2.8 8.5 3.4 -16.1 -34.3 -9.5 -4.2 -6.4 16

 17 Discrepancy -37.7 147.7 -44.5 21.5 102.5 60.3 -54.1 66.3 17

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 0.2 211.5 276.5 -397.9 -95.9 123.6 97.8 188.9 1

 2 Household sector -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 31.8 151.8 243.0 -237.3 -134.0 48.4 137.1 124.0 4

 5 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 23.6 5

 6 From U.S.-chartered depository institutions -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 42.3 6

 7 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 58.0 7

 8 Net change in assets 0.2 211.5 276.5 -397.9 -95.9 123.6 97.8 188.9 8

 9 Household sector -3.0 80.4 210.8 -123.8 -74.1 25.7 58.1 23.6 9

 10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 U.S.-chartered depository institutions -6.6 20.9 29.3 12.8 -59.2 -5.8 37.3 42.3 11

 12 Foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 41.6 58.0 12

 13 Brokers and dealers -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 13
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Historical Annuals, 2005-2012, December 9, 2013 55

F.225 Life Insurance Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 16.1 65.6 34.2 67.0 26.5 17.2 94.1 -11.6 1

 2 Federal government 1.1 1.5 1.2 1.0 1.1 0.9 1.3 0.3 2

 3 Life insurance companies 14.9 64.1 33.0 66.0 25.4 16.4 92.8 -11.9 3

 4 Net change in assets 16.1 65.6 34.2 67.0 26.5 17.2 94.1 -11.6 4

 5 Households 16.1 57.8 18.0 61.7 23.7 9.0 86.9 -26.3 5

 6 U.S.-chartered depository institutions 0.0 8.2 10.9 6.4 0.8 4.5 4.8 7.4 6

 7 Holding companies 0.0 -0.4 5.3 -1.2 2.1 3.8 2.4 7.3 7

F.226 Pension Entitlements

Billions of dollars

 1 Net change in liabilities 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 1

 2 Life insurance companies (1) 142.1 100.5 130.7 22.5 2.6 145.3 75.3 74.8 2

 3 Private pension funds (2) 173.4 159.7 170.8 209.5 115.1 146.7 82.6 120.5 3

 4 State and local govt. retirement funds 183.1 190.8 201.6 209.5 215.9 220.7 209.3 203.3 4

 5 Federal government retirement funds (3) 97.8 95.3 95.5 96.5 93.7 102.1 105.9 98.5 5

 6 Net change in assets (Households) (4) 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 6

(1) Annuities, including those at IRAs.

(2) Includes unallocated insurance company contracts beginning 1985:Q4.

(3) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(4) Excludes all individual retirement accounts (IRAs) (table F.226.i), except those at life insurance companies.

F.227 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all -4.7 22.5 -69.3 -123.8 -3.4 19.4 20.6 14.3 1

 businesses

 2 Nonfinancial corporate business -1.8 -0.8 -49.6 3.1 -3.3 7.2 8.8 6.4 2

 3 Nonfinancial noncorporate business 8.7 9.0 3.8 6.7 -6.3 -0.7 1.1 1.3 3

 4 U.S.-chartered depository institutions -7.8 -1.4 -15.6 -86.0 7.3 6.6 10.6 6.7 4

 5 Property-casualty insurance companies -3.1 11.0 -2.4 -28.1 5.3 5.6 -4.4 3.8 5

 6 Life insurance companies -2.6 4.0 -3.4 -19.7 -7.0 2.6 5.2 -4.6 6

 7 Finance companies 1.9 0.0 -1.5 -0.1 -2.8 0.3 0.5 0.2 7

 8 Brokers and dealers -0.1 0.7 -0.6 0.3 3.2 -2.1 -1.1 0.5 8

 9 Net change in business taxes receivable 40.3 5.6 -32.4 -56.4 30.0 27.8 22.9 13.3 9

 10 State and local governments 14.3 12.1 3.0 5.6 -5.9 0.7 2.2 1.3 10

 11 Federal government 26.0 -6.5 -35.4 -62.0 35.9 27.1 20.8 11.9 11

 12 Discrepancy -45.0 16.9 -36.9 -67.3 -33.4 -8.4 -2.3 1.0 12

F.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -41.8 3.8 -33.0 -287.0 -69.9 187.1 -52.7 -5.8 1

 2 Nonfinancial noncorporate business -40.6 10.6 -36.6 -298.7 -70.4 186.2 -51.0 -12.3 2

 3 Brokers and dealers -1.2 -6.8 3.6 11.6 0.6 0.9 -1.7 6.5 3
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56 Historical Annuals, 2005-2012, December 9, 2013

F.229 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 1247.7 1959.1 2457.5 2259.1 258.4 1117.4 1716.6 685.9 1

 2 Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 2

 3 Nonfinancial corporate business 738.3 764.3 1176.8 524.2 46.4 398.7 805.6 293.5 3

 4 Nonfinancial noncorporate business 142.8 143.7 93.7 114.1 32.8 -50.6 34.1 8.4 4

 5 Federal government 111.1 104.3 124.3 107.1 97.0 110.7 122.1 93.7 5

 6 Rest of the world 60.4 450.3 477.5 853.7 -269.5 379.7 414.1 21.5 6

 7 Monetary authority 2.8 3.2 2.5 2.2 6.1 29.2 -26.7 2.0 7

 8 U.S.-chartered depository institutions -11.6 -0.7 22.4 26.6 257.8 198.5 50.8 111.5 8

 9 Foreign banking offices in U.S. 41.0 41.0 67.7 105.0 -142.3 -18.1 37.3 -38.1 9

 10 Banks in U.S.-affiliated areas -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 -2.0 10

 11 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.3 1.3 0.3 11

 12 Property-casualty insurance companies 52.2 39.7 25.8 40.2 -2.6 9.2 33.1 4.4 12

 13 Life insurance companies 19.5 50.9 55.5 89.8 17.9 14.0 37.7 35.1 13

 14 Government-sponsored enterprises 0.0 12.0 18.4 38.1 62.3 -68.2 -23.2 -6.1 14

 15 Finance companies 28.2 13.7 -6.9 10.4 -91.2 -58.9 -13.0 -25.5 15

 16 REITs 4.5 7.7 4.6 -2.7 -13.8 14.9 8.5 17.0 16

 17 Brokers and dealers 26.2 97.8 46.2 -70.7 18.4 22.2 -8.6 0.3 17

 18 Holding companies -61.5 110.6 6.8 -163.8 -25.6 -68.2 -36.8 -66.0 18

 19 Funding corporations 33.9 48.6 235.7 408.1 -42.3 -53.6 -2.3 84.5 19

 20 Net change in assets 1701.8 2850.1 2697.8 680.1 370.1 959.4 1284.7 1016.0 20

 21 Household sector 58.0 37.4 66.1 55.1 34.9 6.0 70.4 -5.8 21

 22 Nonfinancial corporate business 443.6 721.7 938.2 -347.3 104.5 518.5 428.1 711.6 22

 23 Nonfinancial noncorporate business 256.6 381.8 330.7 107.5 -92.5 104.8 6.3 40.8 23

 24 State and local governments 6.0 6.4 7.2 -5.3 25.2 -22.4 -3.2 -4.6 24

 25 Federal government -0.3 3.1 1.9 -28.0 35.4 -3.5 1.9 -1.0 25

 26 Rest of the world 190.5 643.7 556.6 141.9 166.5 323.5 251.2 29.8 26

 27 Monetary authority -3.2 0.1 25.8 530.2 -493.8 7.8 142.9 -27.6 27

 28 U.S.-chartered depository institutions 35.7 21.5 56.8 93.8 12.1 -84.7 -68.2 -21.9 28

 29 Foreign banking offices in U.S. 3.4 3.3 8.4 3.2 -4.4 -15.1 15.0 -0.3 29

 30 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 0.2 30

 31 Credit unions 0.1 5.0 5.2 -0.4 0.2 41.1 -12.1 0.8 31

 32 Property-casualty insurance companies 10.8 3.1 17.6 6.8 16.3 -22.2 -1.0 -2.6 32

 33 Life insurance companies 23.8 41.5 39.5 37.2 -22.5 2.8 46.8 49.9 33

 34 Private pension funds 90.1 106.9 39.9 207.1 149.9 -27.6 47.9 52.8 34

 35 State and local govt. retirement funds 44.8 29.4 2.7 -18.4 -8.5 16.1 8.8 0.3 35

 36 Federal government retirement funds 83.1 80.7 81.0 80.9 77.5 85.9 90.0 88.6 36

 37 Money market mutual funds -8.9 6.8 29.4 -33.9 -8.3 -3.4 -0.8 6.1 37

 38 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 -33.1 38

 39 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 4.1 39

 40 Finance companies 52.2 -31.6 -6.9 4.4 28.4 -72.5 2.4 -28.7 40

 41 REITs 11.6 7.8 -4.4 -0.8 -8.5 7.4 13.3 22.5 41

 42 Brokers and dealers 217.7 425.1 47.3 -615.1 54.9 -104.2 -101.7 -61.4 42

 43 Holding companies 53.5 245.9 178.2 283.1 85.4 -31.2 36.5 37.4 43

 44 Funding corporations 67.9 31.1 117.6 42.1 -67.2 -58.4 19.6 7.2 44

 45 Discrepancy -454.1 -891.0 -240.3 1578.9 -111.7 158.0 431.8 -330.1 45
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Historical Annuals, 2005-2012, December 9, 2013 57

F.230 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 36.2 244.9 414.0 329.1 310.4 301.1 409.0 388.3 1

 2 Equity 61.9 49.0 200.9 127.0 34.6 40.6 64.7 34.6 2

 3 Reinvested earnings -10.3 217.3 230.5 233.1 227.4 302.5 326.5 332.7 3

 4 Intercompany accounts -15.4 -21.4 -17.3 -31.1 48.3 -42.0 17.8 21.0 4

 5 Asset: Nonfinancial corporate business 24.7 219.2 307.0 262.6 269.7 303.3 399.8 365.8 5

 6 U.S.-chartered depository institutions 0.5 -1.7 32.8 17.6 -0.8 2.7 -5.7 -0.9 6

 7 Property-casualty insurance companies 10.8 3.1 17.6 6.8 16.3 -22.2 -1.0 -2.6 7

 8 Life insurance companies 1.4 0.8 5.8 4.6 1.6 1.9 3.0 3.6 8

 9 Finance companies 4.5 8.0 26.4 24.2 11.0 6.8 9.0 11.3 9

 10 Brokers and dealers -5.7 15.6 24.4 13.3 12.5 8.7 3.9 11.2 10

 Foreign direct investment in U.S. (1):

 11 Liab.: Nonfinancial corporate business 98.7 192.0 212.1 189.6 104.6 157.0 195.2 165.1 11

 12 Nonfinancial noncorporate business 0.1 -0.9 -0.2 -0.2 0.1 0.3 0.1 0.6 12

 13 Foreign banking offices in U.S. 9.4 13.8 -0.8 24.8 16.6 12.4 27.2 -2.4 13

 14 Property-casualty insurance companies -0.1 23.1 7.1 14.9 2.4 2.8 -2.1 -5.7 14

 15 Life insurance companies 0.4 14.4 -1.0 12.5 11.1 6.3 -9.1 2.5 15

 16 Finance companies 6.3 5.2 -5.6 12.2 12.8 13.2 7.5 -2.2 16

 17 Brokers and dealers -2.6 -5.1 9.0 55.8 2.1 13.2 10.8 8.0 17

 18 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 18

 19 Asset: Rest of the world 112.6 243.2 221.2 310.1 150.4 205.9 230.2 166.4 19

 20 Equity 70.7 115.0 142.3 255.7 126.8 140.5 98.5 59.6 20

 21 Reinvested earnings 41.7 69.1 48.2 39.1 21.7 62.7 80.9 105.7 21

 22 Intercompany accounts 0.2 59.0 30.7 15.2 2.0 2.7 50.9 1.0 22

 Federal government equity in IBRD, etc.:

 23 Liab.: Rest of the world 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 23

 24 Asset: Federal government 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 24

 Federal Reserve Bank stock:

 25 Liab.: Monetary authority 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 25

 26 Asset: U.S.-chartered depository institutions 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 26

 Equity in govt.-sponsored enterprises:

 27 Liab.: Government-sponsored enterprises 1.9 0.2 9.1 -4.2 0.0 -2.7 -5.9 -1.8 27

 28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.1 0.1 -0.1 0.0 0.1 -0.0 0.0 28

 29 Nonfinancial noncorporate (FCS) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 0.2 29

 30 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

 31 U.S.-chartered depository institutions (FHLB) 2.0 -0.2 7.0 -6.5 0.7 -3.0 -6.1 -2.2 31

 32 Credit unions (FHLB) 0.1 0.2 0.6 0.3 -0.4 -0.2 0.7 0.1 32

 33 Life insurance companies (FHLB) -0.1 0.0 0.6 1.0 -0.3 -0.0 -0.8 0.1 33

 Holding company net transactions with subsidiaries:

 34 Liab.: U.S.-chartered depository institutions 27.9 97.2 114.0 113.6 166.8 33.4 76.1 101.2 34

 35 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.3 35

 36 Life insurance companies 9.7 2.7 5.3 -12.5 9.3 22.2 9.3 9.9 36

 37 Finance companies -38.9 3.2 41.5 -7.3 -23.3 -39.5 -20.3 -0.5 37

 38 Brokers and dealers 87.0 27.2 -57.5 98.2 -173.1 -24.3 -13.0 49.6 38

 39 Rest of the world 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 39

 40 Asset: Holding companies 105.3 171.7 145.5 183.0 3.1 2.4 82.7 113.1 40

 NFC investment in finance company subsidiaries:

 41 Liab.: Finance companies 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 -0.4 41

 42 Asset: Nonfinancial corporate business 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 -0.4 42

 Funding corporations’ investment in subsidiaries:

 43 Liab.: Foreign banking offices in U.S. 21.0 8.6 43.7 35.6 -73.5 -31.5 -33.7 -11.8 43

 44 Brokers and dealers 46.9 22.6 73.9 6.4 6.3 -26.9 53.4 19.0 44

 45 Asset: Funding corporations 67.9 31.1 117.6 42.1 -67.2 -58.4 19.6 7.2 45

 Equity investment under Public-Private Inv. Program:

 46 Liab.: Funding corporations 0.0 0.0 0.0 0.0 2.4 7.9 1.4 0.1 46

 47 Asset: Households (2) 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 47

 48 Federal government 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 48

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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58 Historical Annuals, 2005-2012, December 9, 2013

F.231 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world -2.2 -0.0 23.9 529.8 -543.3 -10.1 99.7 -91.0 1

 2 Asset: Federal government -2.2 -0.0 -0.1 0.0 0.2 0.1 -0.1 -0.1 2

 3 Monetary authority (1) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.8 -0.2 1.9 -5.4 0.4 -1.5 -1.8 1.2 6

 7 Asset: U.S.-chartered depository institutions 0.8 -0.2 1.9 -5.4 0.4 -1.5 -1.8 1.2 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 8

 9 Asset: Life insurance companies 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 9.5 14.8 15.5 17.6 8.4 14.8 14.4 -2.4 10

 11 Accident and health 7.9 11.5 13.5 19.5 9.7 14.7 15.2 -3.1 11

 12 Policy dividend accumulation 1.0 0.8 0.2 -3.4 -1.1 0.4 -1.8 0.4 12

 13 Contract claims 0.6 2.5 1.8 1.5 -0.1 -0.4 0.9 0.3 13

 14 Asset: Household sector 9.5 14.8 15.5 17.6 8.4 14.8 14.4 -2.4 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 52.3 16.6 18.7 25.4 -5.0 6.3 35.2 5.8 15

 16 Asset: Household sector 25.6 4.6 6.7 11.0 8.7 -35.2 36.7 -16.7 16

 17 Nonfinancial corporate business 21.3 7.6 8.3 11.0 -4.0 11.9 10.0 7.4 17

 18 Nonfinancial noncorporate business 5.5 4.4 3.7 3.4 -9.8 29.7 -11.6 15.1 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies -1.4 -1.5 14.2 81.2 32.6 -45.5 12.4 3.5 19

 20 Asset: Private pension funds -1.4 -1.5 14.2 81.2 32.6 -45.5 12.4 3.5 20

 Pension fund contributions payable:

 21 Liab.: Nonfinancial corporate business -1.9 -2.0 4.5 14.7 -8.4 15.4 3.0 -2.1 21

 22 Asset: Private pension funds -1.9 -2.0 4.5 14.7 -8.4 15.4 3.0 -2.1 22

 Securities borrowed (net):

 23 Liab.: Funding corporations 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -74.6 -79.2 23

 24 Asset: Brokers and dealers 174.9 302.6 -2.1 -353.2 -30.2 -123.5 -74.6 -79.2 24

 Nonmarketable government securities:

 25 Liab.: Federal government 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 25

 26 Asset: Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 26

 Retiree health care funds (2):

 27 Liab.: Federal government 23.0 18.1 43.9 26.5 16.6 22.5 18.5 13.3 27

 28 Asset: Household sector 23.0 18.1 43.9 26.5 16.6 22.5 18.5 13.3 28

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business 100.4 105.6 -4.8 109.3 88.6 -9.9 -11.6 54.1 29

 30 State and local governments 57.1 78.7 123.1 176.5 293.0 269.3 287.0 151.0 30

 31 Federal government 43.1 44.9 47.7 17.6 15.6 20.2 19.2 48.2 31

 32 Asset: Private pension funds 100.4 105.6 -4.8 109.3 88.6 -9.9 -11.6 54.1 32

 33 State and local govt. retirement funds 57.1 78.7 123.1 176.5 293.0 269.3 287.0 151.0 33

 34 Federal government retirement funds 43.1 44.9 47.7 17.6 15.6 20.2 19.2 48.2 34

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

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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Historical Annuals, 2005-2012, December 9, 2013 59

F.232 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities 359.8 627.5 1279.2 689.8 -63.0 405.0 496.5 -133.3 1

 2 Nonfinancial corporate business 541.0 468.7 964.9 210.6 -138.4 236.2 619.1 76.4 2

 3 Nonfinancial noncorporate business 142.7 144.6 93.9 114.3 32.6 -50.9 34.0 7.8 3

 4 Federal government 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 4

 5 Rest of the world 5.5 162.1 -4.3 2.6 -61.7 75.8 -127.8 -226.8 5

 6 Monetary authority 1.1 1.4 -0.7 -0.5 1.5 28.3 -27.1 1.5 6

 7 U.S.-chartered depository institutions -39.5 -97.9 -91.6 -87.1 91.1 165.1 -25.4 10.3 7

 8 Foreign banking offices in U.S. 10.5 18.5 24.9 44.9 -85.1 0.9 43.9 -23.9 8

 9 Banks in U.S.-affiliated areas -0.8 -4.5 -11.9 -3.8 4.3 -5.9 -3.9 -2.0 9

 10 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.3 1.3 0.3 10

 11 Life insurance companies 1.4 20.5 21.4 -9.0 -43.5 16.1 10.7 21.6 11

 12 Government-sponsored enterprises -2.7 12.0 7.3 47.7 61.9 -63.9 -15.4 -5.4 12

 13 Finance companies -3.7 -17.8 12.0 6.5 -71.5 -59.3 -8.5 -22.5 13

 14 REITs 4.5 7.7 4.6 -2.7 -13.8 14.9 8.5 17.0 14

 15 Brokers and dealers -105.0 53.2 20.8 -231.1 183.1 60.2 -59.8 -76.4 15

 16 Holding companies -61.5 110.6 6.8 -163.8 -25.6 -68.2 -36.8 -66.0 16

 17 Funding corporations -141.5 -254.6 237.2 760.7 -15.1 61.3 70.3 163.1 17

 18 Net change in assets 813.9 1518.6 1519.5 -889.2 48.7 247.0 64.7 196.8 18

 19 Nonfinancial corporate business 333.2 471.9 677.5 -619.7 -152.0 176.5 10.0 338.8 19

 20 Nonfinancial noncorporate business 251.2 377.2 326.4 102.9 -82.7 74.7 17.6 25.6 20

 21 State and local governments 6.0 6.4 7.2 -5.3 25.2 -22.4 -3.2 -4.6 21

 22 Federal government 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 22

 23 Rest of the world 77.9 400.5 335.4 -168.2 16.1 117.7 21.0 -136.6 23

 24 Monetary authority -3.2 0.1 1.8 0.5 49.6 18.0 43.1 63.4 24

 25 U.S.-chartered depository institutions 30.8 21.8 11.9 85.5 7.2 -83.7 -54.9 -20.4 25

 26 Foreign banking offices in U.S. 3.4 3.3 8.4 3.2 -4.4 -15.1 15.0 -0.3 26

 27 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 0.8 0.2 27

 28 Credit unions 0.0 4.9 4.6 -0.7 0.6 41.3 -12.8 0.7 28

 29 Life insurance companies 21.5 40.2 32.1 28.5 -18.9 -1.7 45.0 45.6 29

 30 Private pension funds -7.1 4.8 25.9 1.9 37.1 12.3 44.1 -2.8 30

 31 State and local govt. retirement funds 44.8 29.4 2.7 -18.4 -8.5 16.1 8.8 0.3 31

 32 Money market mutual funds -8.9 6.8 29.4 -33.9 -8.3 -3.4 -0.8 6.1 32

 33 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 2.9 -33.1 33

 34 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 -0.1 4.1 34

 35 Finance companies 47.7 -39.5 -33.3 -19.8 17.4 -79.3 -6.6 -39.9 35

 36 REITs 11.6 7.8 -4.4 -0.8 -8.5 7.4 13.3 22.5 36

 37 Brokers and dealers 48.5 106.9 24.9 -275.1 72.6 10.6 -31.0 6.5 37

 38 Holding companies -51.8 74.2 32.7 100.1 82.3 -33.6 -46.2 -75.6 38

 39 Discrepancy -454.1 -891.0 -240.3 1578.9 -111.7 158.0 431.8 -330.1 39
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60 Historical Annuals, 2005-2012, December 9, 2013

F.11 Sector Discrepancies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 All sectors -361.5 -93.9 -354.4 538.2 184.0 77.5 328.8 -319.2 1

 2 Household sector -34.4 111.9 -249.8 -471.7 -192.2 -581.8 -740.8 -370.3 2

 3 Nonfinancial corporate business 166.9 165.5 167.9 977.8 -125.4 287.4 853.0 122.8 3

 4 State and local governments -183.1 -127.9 -112.7 62.1 62.9 0.9 64.6 -46.5 4

 5 Federal government 20.2 11.4 30.8 70.6 -61.9 -55.3 -16.2 -87.6 5

 6 Rest of the world 10.4 -9.6 91.3 -63.4 150.8 17.3 -91.9 -13.9 6

 7 Financial sectors -341.5 -245.2 -282.1 -37.2 349.7 408.8 260.1 76.3 7

 8 Monetary authority 3.4 1.6 -2.7 -0.2 -6.0 -10.0 -1.2 -18.6 8

 9 U.S.-chartered depository institutions -190.4 -179.4 -167.1 -68.5 357.1 328.8 161.7 89.2 9

 10 Foreign banking officed in U.S. -36.3 -8.5 -68.8 -63.3 144.4 -20.0 7.8 -6.1 10

 11 Banks in U.S.-affiliated areas -0.9 -0.2 -7.4 -0.5 6.2 -0.0 1.0 -0.1 11

 12 Credit unions 2.1 -3.0 8.1 12.0 11.5 -5.5 -26.2 5.8 12

 13 Property-casualty insurance companies -19.3 27.2 -1.2 -0.8 -23.2 75.7 7.6 -19.9 13

 14 Life insurance companies -10.6 -28.8 -50.5 -59.7 -85.6 -17.7 -24.4 -46.6 14

 15 Mutual funds -38.4 -47.2 -58.3 -52.7 -40.7 -24.9 -35.3 -33.2 15

 16 Government-sponsored enterprises -14.6 -1.5 28.5 107.9 52.3 57.2 65.6 63.7 16

 17 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

 18 Finance companies -31.3 18.6 16.8 38.6 17.1 16.2 42.0 61.6 18

 19 REITs 3.9 -1.9 30.1 -8.4 -17.1 16.1 36.1 47.9 19

 20 Brokers and dealers -10.4 -25.1 -4.3 72.3 -57.2 -6.6 26.9 -65.5 20

 21 Holding companies 1.6 3.0 -5.1 -13.7 -9.1 -0.3 -1.5 -1.7 21

F.12 Instrument Discrepancies

Billions of dollars

 1 All types -361.5 -93.9 -354.4 538.2 184.0 77.5 328.8 -319.2 1

 2 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 -0.7 -0.6 2

 3 Foreign deposits 20.8 106.2 205.3 -330.4 -122.5 -26.6 25.2 -7.3 3

 4 Net interbank transactions 3.3 -3.9 4.7 33.6 10.3 23.5 1.5 11.9 4

 5 Security repurchase agreements 126.4 323.7 -217.7 -588.1 420.7 -79.1 -122.5 -74.2 5

 6 Mail floats -4.9 -3.0 1.0 -5.2 -0.3 -1.1 0.8 1.3 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government -6.6 -3.0 1.2 -3.3 0.7 0.0 -0.1 0.6 8

 9 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 0.9 0.7 9

 10 Trade credit -37.7 147.7 -44.5 21.5 102.5 60.3 -54.1 66.3 10

 11 Taxes payable -45.0 16.9 -36.9 -67.3 -33.4 -8.4 -2.3 1.0 11

 12 Miscellaneous -454.1 -891.0 -240.3 1578.9 -111.7 158.0 431.8 -330.1 12

 13 Nonfinancial 29.1 210.7 -24.9 -103.8 -77.2 -48.0 49.2 12.4 13

 Nonfinancial components (sign reversed):

 14 Statistical discrepancy (NIPA) -33.8 -215.3 20.2 99.0 72.2 43.1 -53.6 -17.0 14

 15 Contr. for govt. soc. insur., U.S. affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 4.6 15
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Historical Annuals, 2005-2012, December 9, 2013 61

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 46402.3 51318.1 54111.3 46744.0 49413.8 53919.4 55170.0 59521.5 1

 2 Deposits 6262.6 6904.8 7564.0 8172.9 8094.8 8060.5 8738.9 9184.5 2

 3 Foreign deposits 59.9 65.2 80.5 56.9 50.2 49.7 46.9 45.1 3

 4 Checkable deposits and currency 285.8 239.6 153.2 294.9 400.6 425.2 754.3 828.4 4

 5 Time and savings deposits 4974.1 5493.2 5983.6 6239.3 6330.8 6455.9 6827.9 7204.4 5

 6 Money market fund shares 942.7 1106.8 1346.7 1581.8 1313.2 1129.7 1109.9 1106.7 6

 7 Credit market instruments 4202.8 4414.0 5036.7 5156.8 5603.3 5871.8 5489.0 5627.9 7

 8 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 19.0 8

 9 Treasury securities 430.9 332.5 212.6 194.7 867.8 1144.2 731.6 971.4 9

 10 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 10

 11 Bills and other Treasury securities 225.8 130.2 16.2 0.8 676.6 956.3 546.4 789.0 11

 12 Agency- and GSE-backed securities 579.5 606.5 867.0 1052.4 350.5 343.5 316.5 184.5 12

 13 Municipal securities 1600.7 1635.6 1673.6 1720.9 1828.0 1871.7 1806.9 1654.7 13

 14 Corporate and foreign bonds 1344.5 1510.6 1961.4 1947.5 2310.7 2292.5 2425.8 2639.7 14

 15 Other loans and advances (2) 8.7 9.1 17.6 29.7 26.8 26.2 23.4 20.9 15

 16 Mortgages 140.1 122.9 109.9 110.9 108.0 94.2 91.0 70.6 16

 17 Consumer credit (student loans) 0.0 79.2 87.6 94.6 88.8 78.4 74.5 67.1 17

 18 Corporate equities (3) 8152.1 10292.9 10118.3 5927.2 7491.9 8994.9 9049.9 10327.0 18

 19 Mutual fund shares 3625.7 4174.0 4683.0 3310.6 4115.8 4594.0 4449.2 5293.7 19

 20 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 752.4 776.0 20

 21 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 1186.1 21

 22 Pension entitlements (4) 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 22

 23 Claims of pension fund on sponsor 1706.7 1630.1 1687.4 3490.1 3226.4 3517.2 3843.0 3701.5 23

 24 Funded pension entitlements 11524.2 12576.4 13269.2 10571.6 11979.0 13227.8 13272.2 14373.6 24

 25 Equity in noncorporate business 8661.6 8969.0 9097.3 7556.0 6323.9 7015.8 7495.6 8181.0 25

 26 Miscellaneous assets 608.7 646.1 712.2 766.3 800.9 805.9 876.1 870.2 26

 27 Total liabilities 12162.1 13461.2 14393.8 14276.1 14050.7 13774.8 13568.0 13598.8 27

 28 Credit market instruments 11721.0 12946.3 13829.8 13847.5 13572.9 13197.7 13016.6 12980.5 28

 29 Home mortgages (5) 8911.7 9909.0 10610.3 10576.0 10416.0 9906.7 9677.8 9436.9 29

 30 Consumer credit 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 30

 31 Municipal securities 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 31

 32 Depository institution loans n.e.c. (6) -15.8 30.9 21.8 26.4 10.2 61.0 12.4 66.3 32

 33 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 138.1 139.3 33

 34 Commercial mortgages 172.8 190.7 204.0 200.9 194.1 182.6 175.9 172.7 34

 35 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 35

 36 Trade payables 186.3 199.9 214.5 236.7 252.7 274.1 288.2 289.7 36

 37 Deferred and unpaid life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 37

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

 outstandings of nonprofit organizations.

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

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18) and life insurance and pension reserves (lines 20 and 21).

(4) Includes public and private defined benefit and defined contribution pension plans and annuities, including those in IRAs, 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.108, line 19.
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62 Historical Annuals, 2005-2012, December 9, 2013

L.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 14505.6 15784.0 17357.5 16630.0 16909.9 17761.5 18265.7 19291.3 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 13.4 2

 3 Checkable deposits and currency 642.1 599.6 658.8 603.6 689.3 766.1 793.2 899.1 3

 4 Time and savings deposits 774.5 841.4 800.7 670.0 842.1 905.0 921.9 951.2 4

 5 Money market fund shares 421.2 493.4 622.8 802.4 729.2 574.7 540.0 536.9 5

 6 Security repurchase agreements 14.6 15.5 8.1 7.2 7.9 12.1 12.6 10.3 6

 7 Credit market instruments 437.2 420.9 355.0 309.5 312.9 325.9 320.1 330.0 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 60.3 8

 9 Treasury securities 108.3 101.8 97.7 82.3 89.1 96.1 91.5 99.3 9

 10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 16.0 14.3 11.7 10

 11 Municipal securities 36.6 33.9 34.5 31.1 32.2 29.6 28.0 40.2 11

 12 Mortgages 104.4 94.5 83.5 72.8 67.5 70.1 69.9 69.9 12

 13 Consumer credit 59.6 53.0 57.2 56.0 53.8 46.2 48.5 48.5 13

 14 Mutual fund shares 134.4 173.2 178.0 106.3 162.0 186.8 165.9 181.7 14

 15 Trade receivables 2539.2 2565.5 2780.0 2607.6 2550.2 2689.2 2778.1 2867.3 15

 16 Miscellaneous assets 9478.8 10625.2 11903.8 11498.7 11584.8 12261.1 12699.1 13501.4 16

 17 Total liabilities 15362.3 16585.1 18264.9 19019.5 18634.6 18898.8 19614.1 20198.7 17

 18 Credit market instruments 8683.4 9651.8 10975.5 11660.5 11320.6 11418.6 11965.9 12732.0 18

 19 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 19

 20 Municipal securities 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 20

 21 Corporate bonds 3187.3 3406.1 3729.1 3954.5 4366.2 4804.8 5215.6 5795.2 21

 22 Depository institution loans n.e.c. 1261.4 1398.7 1642.4 1826.1 1490.1 1404.6 1530.2 1680.1 22

 23 Other loans and advances 1038.1 1179.9 1481.1 1561.4 1311.1 1118.9 1183.4 1226.4 23

 24 Mortgages 2879.2 3273.9 3650.1 3772.0 3642.6 3522.0 3426.5 3390.8 24

 25 Trade payables 2035.1 2161.7 2272.8 2053.4 1987.6 2174.2 2207.1 2326.1 25

 26 Taxes payable 172.9 181.1 135.3 145.1 135.6 142.0 151.9 159.7 26

 27 Miscellaneous liabilities 4470.9 4590.5 4881.3 5160.5 5190.7 5164.0 5289.2 4981.0 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
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Historical Annuals, 2005-2012, December 9, 2013 63

L.102 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 11908.9 12667.6 13761.6 12936.9 13333.8 14033.7 14523.2 15480.7 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 13.4 2

 3 Checkable deposits and currency 268.0 150.8 143.2 84.2 155.0 234.6 264.3 356.4 3

 4 Time and savings deposits 450.4 497.0 441.3 311.9 488.8 548.7 561.9 586.8 4

 5 Money market fund shares 352.2 421.3 548.5 727.0 655.5 497.8 462.4 458.3 5

 6 Security repurchase agreements 14.6 15.5 8.1 7.2 7.9 12.1 12.6 10.3 6

 7 Credit market instruments 340.4 324.2 248.4 213.7 223.7 230.1 223.4 232.1 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 60.3 8

 9 Treasury securities 52.1 45.5 38.3 30.5 43.0 48.0 43.0 50.2 9

 10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 16.0 14.3 11.7 10

 11 Municipal securities 32.1 28.1 29.2 26.2 27.1 23.9 22.3 34.4 11

 12 Mortgages 68.3 59.8 41.4 33.6 29.5 28.0 27.4 26.9 12

 13 Consumer credit 59.6 53.0 57.2 56.0 53.8 46.2 48.5 48.5 13

 14 Mutual fund shares 134.4 173.2 178.0 106.3 162.0 186.8 165.9 181.7 14

 15 Trade receivables 2108.2 2094.6 2254.4 2084.9 2053.9 2155.8 2239.2 2321.6 15

 16 Miscellaneous assets 8177.1 8941.6 9889.5 9376.9 9555.5 10127.0 10558.6 11320.2 16

 17 U.S. direct investment abroad (1) 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3795.6 4136.4 17

 18 Insurance receivables 284.0 291.6 300.0 311.1 307.1 319.0 329.0 336.5 18

 19 Equity in GSEs 0.5 0.6 0.7 0.4 0.5 0.6 0.5 0.6 19

 20 Investment in finance company subs. 117.0 140.1 81.5 80.5 71.2 60.7 69.1 68.7 20

 21 Other 5569.9 6068.6 6614.4 5973.8 5931.6 6343.8 6364.4 6778.0 21

 22 Total liabilities 11182.1 11821.5 12916.0 13225.1 12904.6 13227.9 13879.6 14379.7 22

 23 Credit market instruments 5785.7 6338.9 7201.0 7567.2 7336.1 7472.2 7999.3 8688.9 23

 24 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 24

 25 Municipal securities (2) 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 25

 26 Corporate bonds (1) 3187.3 3406.1 3729.1 3954.5 4366.2 4804.8 5215.6 5795.2 26

 27 Depository institution loans n.e.c. 591.0 613.1 715.9 780.1 546.0 480.9 549.8 609.5 27

 28 Other loans and advances (3) 903.5 1028.5 1316.1 1384.0 1139.1 948.3 1011.8 1045.2 28

 29 Mortgages 786.5 898.0 967.2 902.2 774.2 670.0 611.9 599.5 29

 30 Trade payables 1700.6 1812.9 1897.9 1672.7 1590.2 1746.5 1771.7 1892.3 30

 31 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 51.7 58.1 31

 32 Miscellaneous liabilities 3609.6 3584.4 3781.3 3946.2 3942.6 3966.2 4057.0 3740.5 32

 33 Foreign direct investment in U.S. 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2313.3 2474.4 33

 34 Pension fund contributions payable 44.8 64.7 69.3 84.0 75.6 91.1 94.0 92.0 34

 35 Claims of pension fund on sponsor -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 35

 36 Other 2045.5 1825.9 1770.8 1133.9 1383.4 1300.4 1162.9 733.8 36

 Memo:

 37 Trade receivables net of payables 407.7 281.7 356.5 412.2 463.7 409.3 467.5 429.3 37

 38 Market value of equities 12686.6 14602.3 15730.7 10016.6 12512.2 14370.7 14500.8 16100.6 38

 39 Securities and mortgages 4201.2 4584.8 5045.2 5271.7 5592.5 5960.2 6321.4 6903.8 39

 40 Loans and short-term paper 1584.5 1754.1 2155.8 2295.6 1743.6 1512.1 1677.9 1785.0 40

 41 Total short-term liabilities (4) 3371.3 3652.4 4089.5 4007.3 3369.5 3301.5 3501.2 3735.4 41

 42 Total liquid assets (5) 1495.7 1518.6 1519.1 1385.4 1641.1 1676.7 1649.4 1763.5 42

 Analytical measures (percent)

 43 Long-term debt/credit market debt 72.6 72.3 70.1 69.7 76.2 79.8 79.0 79.5 43

 44 Short-term debt/credit market debt 27.4 27.7 29.9 30.3 23.8 20.2 21.0 20.5 44

 45 Liquid assets/short-term liabilities 44.4 41.6 37.1 34.6 48.7 50.8 47.1 47.2 45

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

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

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

(4) Sum of lines 24, 27, 28, 30, and 31. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
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64 Historical Annuals, 2005-2012, December 9, 2013

L.103 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 2596.7 3116.5 3595.9 3693.1 3576.1 3727.8 3742.5 3810.6 1

 2 Checkable deposits and currency 374.1 448.8 515.6 519.4 534.3 531.5 528.9 542.7 2

 3 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 356.2 359.9 364.4 3

 4 Money market fund shares 69.0 72.2 74.3 75.4 73.7 76.8 77.6 78.6 4

 5 Credit market instruments 96.8 96.7 106.7 95.8 89.1 95.8 96.8 98.0 5

 6 Treasury securities 56.2 56.3 59.3 51.8 46.1 48.1 48.6 49.2 6

 7 Municipal securities 4.4 5.8 5.3 4.9 5.1 5.6 5.7 5.8 7

 8 Mortgages 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.0 8

 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Trade receivables 430.9 470.9 525.6 522.7 496.3 533.4 538.9 545.6 10

 11 Miscellaneous assets 1301.7 1683.5 2014.3 2121.8 2029.3 2134.1 2140.4 2181.2 11

 12 Insurance receivables 99.2 103.6 107.3 111.5 101.7 131.4 119.8 134.9 12

 13 Equity investment in GSEs (1) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 13

 14 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2013.6 2039.2 14

 15 Total liabilities 4180.2 4763.6 5348.9 5794.4 5730.0 5670.9 5734.5 5819.1 15

 16 Credit market instruments 2897.7 3312.9 3774.5 4093.2 3984.5 3946.3 3966.6 4043.1 16

 17 Depository institution loans n.e.c. 670.4 785.7 926.5 1046.1 944.0 923.7 980.4 1070.6 17

 18 Other loans and advances 134.6 151.4 165.0 177.3 172.0 170.6 171.6 181.2 18

 19 Mortgages 2092.7 2375.9 2683.0 2869.9 2868.5 2852.0 2814.7 2791.3 19

 20 Trade payables 334.5 348.9 374.9 380.6 397.4 427.7 435.3 433.8 20

 21 Taxes payable 86.7 95.7 99.5 106.2 99.9 99.2 100.3 101.6 21

 22 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1248.1 1197.7 1232.3 1240.6 22

(1) Equity in the Farm Credit System.
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Historical Annuals, 2005-2012, December 9, 2013 65

L.104 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 2317.9 2539.9 2783.0 2618.6 2662.8 2750.5 2695.5 2671.6 1

 2 Checkable deposits and currency 66.2 71.6 71.4 79.9 99.1 104.6 121.3 117.7 2

 3 Time and savings deposits 169.9 186.8 220.0 238.9 248.1 241.3 255.7 289.8 3

 4 Money market fund shares 89.9 105.2 123.1 125.7 135.5 149.3 149.2 141.7 4

 5 Security repurchase agreements 130.0 135.7 141.8 129.8 125.5 124.2 117.7 111.7 5

 6 Credit market instruments 1375.9 1501.9 1655.5 1557.7 1520.4 1581.5 1504.2 1446.7 6

 7 Open market paper 153.2 151.9 149.5 127.5 88.5 101.5 90.7 86.1 7

 8 Treasury securities 512.2 570.5 647.8 601.4 584.1 590.9 545.4 536.2 8

 9 Agency- and GSE-backed securities 413.3 452.3 496.6 478.4 488.1 510.6 497.9 472.9 9

 10 Municipal securities 6.9 8.3 10.0 10.4 11.4 12.8 12.9 12.2 10

 11 Corporate and foreign bonds 131.4 144.0 158.4 152.8 156.1 163.5 159.6 151.5 11

 12 Mortgages 158.9 174.9 193.2 187.3 192.2 202.2 197.8 187.8 12

 13 Corporate equities 116.1 132.9 141.6 90.8 111.5 125.8 122.7 130.3 13

 14 Mutual fund shares 40.7 49.1 54.9 36.2 48.3 58.2 58.0 61.9 14

 15 Trade receivables 142.5 151.3 159.1 143.7 139.1 152.2 154.5 162.8 15

 16 Taxes receivable 102.3 114.4 117.4 123.0 117.1 117.8 120.0 121.3 16

 17 Miscellaneous assets 84.6 90.9 98.1 92.9 118.1 95.7 92.4 87.8 17

 18 Total liabilities 3385.9 3397.8 3581.9 4723.3 4730.6 5055.9 5307.8 5198.1 18

 19 Credit market instruments 2589.8 2690.8 2837.5 2855.4 2968.4 3038.0 2985.3 2980.0 19

 20 Municipal securities 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 20

 21 Short-term (2) 42.5 34.3 51.2 55.8 63.6 63.0 52.3 56.1 21

 22 Long-term 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 2908.2 22

 23 U.S. government loans 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 23

 24 Trade payables 482.0 516.2 553.0 591.6 630.5 669.0 707.4 746.5 24

 25 Claims of pension fund on sponsor (3) 314.0 190.8 191.4 1276.3 1131.7 1348.9 1615.1 1471.5 25

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

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

(3) Included in miscellaneous liabilities.
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66 Historical Annuals, 2005-2012, December 9, 2013

L.105 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 643.7 658.3 703.9 1292.4 1387.1 1612.3 1404.8 1505.6 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 103.9 102.8 2

 3 Checkable deposits and currency 36.8 32.9 56.5 368.0 193.6 342.1 84.3 92.0 3

 4 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 4

 5 Credit market instruments 273.8 296.9 303.8 397.2 706.3 794.3 813.4 918.4 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 7

 8 Other loans and advances 107.4 108.0 105.8 111.8 177.9 181.4 186.3 188.7 8

 9 Mortgages 76.6 80.3 82.4 95.8 108.4 106.6 110.6 112.3 9

 10 Consumer credit (1) 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 10

 11 Corporate equities (2) 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 11

 12 Trade receivables 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 12

 13 Taxes receivable 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.1 13

 14 Miscellaneous assets 133.7 136.8 138.7 110.8 145.8 141.4 143.1 142.0 14

 15 Total liabilities 7370.4 7661.6 8054.2 9424.3 11003.5 12802.1 13988.3 15238.6 15

 16 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 16

 17 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 17

 18 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 18

 19 Credit market instruments 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 11593.7 19

 20 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 20

 21 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 1519.5 1626.5 21

 22 Other Treasury securities 3512.2 3718.6 3903.3 4283.0 5802.8 7404.7 8723.7 9760.0 22

 23 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 23

 24 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Trade payables 202.7 208.9 238.2 260.8 204.6 210.9 220.3 228.2 25

 26 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 49.7 50.0 26

 27 Miscellaneous liabilities 2386.5 2485.6 2610.9 2719.3 2859.2 3071.6 3179.4 3281.2 27

 28 Nonmarketable securities held by pension plans (3) 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 28

 29 Claims of pension fund on sponsor 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 29

 30 Other 80.7 98.6 142.2 168.2 184.4 206.5 224.6 237.5 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) Nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military

 retirement fund, and foreign service retirement and disability fund.
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Historical Annuals, 2005-2012, December 9, 2013 67

L.106 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 11705.0 14193.3 16198.6 15386.1 16021.0 17676.0 19288.1 20644.3 1

 2 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 2

 3 Net interbank assets 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 3

 4 U.S. checkable deposits and currency 300.1 311.6 306.1 370.1 361.0 390.5 472.3 540.4 4

 5 U.S. time deposits 213.5 247.5 288.2 366.7 293.5 302.5 349.7 386.5 5

 6 Money market fund shares 23.0 27.0 46.0 69.7 76.9 69.8 79.5 116.4 6

 7 Security repurchase agreements 713.3 1029.0 1109.1 623.3 561.5 635.8 763.1 765.7 7

 8 Credit market instruments 5191.3 6199.7 7272.2 7523.7 7723.4 8491.8 9029.7 9608.7 8

 9 Open market paper 239.6 286.3 278.1 232.9 191.5 191.0 191.7 195.2 9

 10 Treasury securities 1984.4 2126.2 2376.4 3253.0 3670.6 4458.8 5006.9 5573.8 10

 11 Official 1340.6 1558.3 1736.7 2400.5 2879.6 3364.8 3620.6 4032.2 11

 12 Private 643.8 567.9 639.8 852.5 791.0 1094.1 1386.3 1541.6 12

 13 Agency- and GSE-backed securities 1012.9 1263.6 1582.4 1406.9 1154.9 1084.0 1080.6 1004.3 13

 14 Official 487.2 695.2 954.3 940.5 749.0 661.2 639.2 511.1 14

 15 Private 525.7 568.4 628.0 466.4 405.9 422.8 441.4 493.2 15

 16 Municipal securities 29.0 34.4 45.1 51.0 58.7 71.7 70.3 67.9 16

 17 U.S. corporate bonds (1) 1762.9 2320.5 2719.1 2353.5 2465.3 2524.0 2484.0 2621.3 17

 18 Loans to U.S. corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 146.2 18

 19 U.S. corporate equities 2039.1 2448.1 2811.3 1807.1 2476.7 2962.2 3035.3 3463.2 19

 20 Mutual fund shares 242.0 316.8 374.3 255.6 364.1 513.8 735.6 975.0 20

 21 Trade receivables 56.9 62.8 83.6 90.1 96.7 116.4 134.2 145.6 21

 22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 Miscellaneous assets 2882.2 3501.6 3967.5 3984.4 3925.9 4114.7 4396.5 4486.6 23

 24 Foreign direct investment in U.S. (2) 1906.0 2154.1 2345.9 2397.4 2398.2 2623.6 2879.5 3057.3 24

 25 Other 976.2 1347.5 1621.6 1587.0 1527.7 1491.1 1517.0 1429.2 25

 26 Total liabilities 6263.3 7447.8 8865.4 8990.8 9340.1 10047.8 10562.6 10887.3 26

 27 U.S. official reserve assets (3) 54.1 54.9 59.5 66.6 119.7 121.4 129.6 127.5 27

 28 U.S. private deposits 997.8 1085.0 1340.9 946.7 835.9 826.6 780.3 750.1 28

 29 Security repurchase agreements 482.1 664.4 770.7 508.4 530.5 731.8 808.0 847.7 29

 30 Credit market instruments 1539.9 1911.8 2160.8 1753.2 2131.1 2314.0 2513.8 2784.1 30

 31 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 31

 32 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1731.3 1939.9 2140.7 32

 33 Depository institution loans n.e.c. 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 33

 34 Official 3.3 2.6 2.8 4.6 4.5 6.6 5.4 6.2 34

 35 Banks 25.3 28.3 37.2 42.6 37.4 53.0 69.8 70.4 35

 36 Other 81.8 96.5 97.2 105.2 95.6 102.4 130.0 161.0 36

 37 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.1 23.5 32.8 37

 38 Trade payables 54.5 60.7 73.1 63.2 69.3 95.1 63.0 69.3 38

 39 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 40 Miscellaneous liabilities 3135.0 3671.2 4460.4 5652.7 5653.5 5958.8 6268.0 6308.5 40

 41 U.S. equity in IBRD, etc. 43.2 45.3 46.9 48.3 50.0 52.3 54.9 57.3 41

 42 Nonofficial foreign currencies 0.6 0.6 24.5 554.2 10.9 0.8 100.5 9.5 42

 43 U.S. direct investment abroad (1,2) 2651.7 2948.2 3553.1 3748.5 4077.4 4273.6 4663.1 5077.8 43

 44 Investment by holding companies 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 44

 45 Other 412.3 608.8 725.3 1200.1 1390.2 1496.5 1283.2 1049.2 45

 Memo:

 46 Market value of foreign equities 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5390.5 46

 held by U.S. residents (4)

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

(2) Direct investment is valued on a current-cost basis.

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
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L.107 Financial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 53750.1 59454.0 65283.6 65557.0 66986.8 67871.0 69348.8 73552.7 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 36.8 35.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 44.2 44.8 4

 5 Foreign deposits 75.8 65.8 100.2 85.6 97.1 105.9 42.9 43.3 5

 6 Net interbank assets 70.1 70.1 124.4 1475.9 1126.4 1019.6 1622.6 1561.7 6

 7 Checkable deposits and currency 186.9 244.5 276.8 378.3 343.6 325.6 362.4 373.3 7

 8 Time and savings deposits 357.2 356.1 451.1 572.4 716.1 641.5 595.4 629.9 8

 9 Money market fund shares 516.4 563.8 894.5 1177.7 1003.7 832.0 764.0 748.0 9

 10 Federal funds and security repos 660.9 708.5 948.9 881.4 825.5 839.2 780.2 986.4 10

 11 Credit market instruments 30712.6 33513.5 36507.4 38634.4 37620.8 36774.3 37824.2 39048.4 11

 12 Open market paper 1041.9 1280.1 1184.6 1176.1 779.3 676.0 599.7 591.8 12

 13 Treasury securities 1642.3 1730.7 1764.7 2206.8 2570.3 3071.5 4052.9 4388.2 13

 14 Agency- and GSE-backed securities 4141.5 4154.9 4439.0 5164.4 5902.5 5494.8 5636.9 5881.2 14

 15 Municipal securities 1346.1 1477.0 1661.7 1703.8 1742.2 1786.3 1801.3 1939.5 15

 16 Corporate and foreign bonds 5613.4 6128.5 6738.4 6716.1 6721.6 6877.0 7081.6 7506.6 16

 17 Depository institution loans n.e.c. 1583.7 1770.1 2094.5 2794.4 2062.5 2001.2 2147.8 2322.7 17

 18 Other loans and advances 1543.3 1697.0 2116.1 2261.3 1711.0 1394.8 1367.6 1475.0 18

 19 Mortgages 11629.2 13053.2 14152.2 14245.7 13943.6 13305.3 12987.1 12751.5 19

 20 Consumer credit 2171.2 2221.9 2356.1 2365.6 2187.8 2167.3 2149.3 2191.9 20

 21 Corporate equities 10328.9 11465.4 12509.7 7626.7 9938.1 11432.6 10822.6 12466.8 21

 22 Mutual fund shares 2002.8 2351.9 2532.3 1679.2 2230.4 2520.2 2462.3 2811.3 22

 23 Trade receivables 181.8 195.2 197.1 182.2 144.2 135.6 134.8 133.2 23

 24 Security credit 463.1 594.3 660.0 385.8 422.6 520.5 560.2 736.4 24

 25 Life insurance reserves 0.0 108.6 124.7 130.0 132.8 141.1 148.4 172.9 25

 26 Miscellaneous assets 8125.0 9144.5 9881.3 12270.9 12301.1 12497.2 13142.8 13755.3 26

 27 Total liabilities 51457.5 56782.6 62209.5 62539.3 63612.5 64314.0 65828.8 69502.8 27

 28 Net interbank liabilities 69.7 71.1 20.5 1761.1 1220.0 1070.7 1889.2 1718.0 28

 29 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2857.8 29

 30 Time and savings deposits 6490.6 7126.7 7746.4 8088.8 8432.5 8548.1 8952.2 9463.8 30

 31 Money market fund shares 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 31

 32 Federal funds and security repos 2254.1 2836.4 2928.9 1784.0 2043.4 2025.2 1970.8 1976.8 32

 33 Credit market instruments 12957.7 14261.1 16204.8 17101.3 15688.7 14485.7 14045.4 13909.7 33

 34 Open market paper 1170.2 1363.5 1252.1 1126.3 678.2 576.0 507.9 449.1 34

 35 Agency- and GSE-backed securities 6140.7 6468.9 7374.6 8143.4 8083.3 7574.0 7552.1 7529.7 35

 36 Corporate and foreign bonds 4653.4 5422.1 6261.2 5978.2 5717.7 5321.8 4996.2 4983.9 36

 37 Depository institution loans n.e.c. 227.7 213.0 293.1 789.5 424.7 373.7 399.9 338.7 37

 38 Other loans and advances 620.2 641.4 867.1 900.5 617.9 473.2 413.1 416.6 38

 39 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 191.8 39

 40 Mutual fund shares 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 40

 41 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 14.3 14.2 41

 42 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 1073.7 1208.7 42

 43 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 1309.0 43

 44 Pension entitlements 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 44

 45 Taxes payable 41.6 55.9 32.4 -101.1 -95.0 -88.9 -78.0 -77.1 45

 46 Miscellaneous liabilities 5440.1 5895.2 6299.0 6987.0 7222.7 7087.4 7243.9 7921.3 46

 Memo:

 47 Market value of corporate equities 4631.9 5408.0 4602.2 2875.4 3578.1 4294.5 4085.9 4936.0 47

 48 Equity in noncorporate business 11.7 9.8 12.6 10.7 14.8 15.9 13.1 18.6 48

(1) Sum of financial sectors shown on tables L.108 and L.110 through L.130.
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Historical Annuals, 2005-2012, December 9, 2013 69

L.108 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 878.7 908.2 951.3 2270.6 2267.2 2453.2 2947.2 2954.9 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 36.8 35.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 44.2 44.8 4

 5 Federal Reserve float (2) 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 -0.5 5

 6 Interbank loans (2) 0.1 0.1 48.6 559.7 96.6 0.2 0.2 0.1 6

 7 Discount window (3) 0.1 0.1 48.6 544.0 96.6 0.2 0.2 0.1 7

 8 AMLF (4) 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 8

 9 Security repurchase agreements 46.8 40.8 46.5 80.0 0.0 0.0 0.0 0.0 9

 10 Credit market instruments 744.2 778.9 740.6 986.0 1987.7 2259.2 2635.6 2670.1 10

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

 12 Treasury securities 744.2 778.9 740.6 475.9 776.6 1021.5 1663.4 1666.1 12

 13 Treasury bills 271.3 277.0 227.8 18.4 18.4 18.4 18.4 0.0 13

 14 Other Treasury securities 472.9 501.9 512.8 457.5 758.2 1003.1 1645.0 1666.1 14

 15 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1068.3 1139.6 941.7 1003.4 15

 16 Mortgage-backed securities 0.0 0.0 0.0 0.0 908.4 992.1 837.7 926.7 16

 17 Other agency- and GSE-backed securities 0.0 0.0 0.0 19.7 159.9 147.5 104.0 76.8 17

 18 Depository institution loans n.e.c. 0.0 0.0 0.0 490.4 142.8 98.1 30.5 0.6 18

 19 Households (TALF) (5) 0.0 0.0 0.0 0.0 47.5 24.7 9.0 0.6 19

 20 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Brokers and dealers (6) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 21

 22 Funding corporations (Maiden Lane) (7) 0.0 0.0 0.0 29.1 29.2 25.8 4.9 0.0 22

 23 Funding corporations (AIG) 0.0 0.0 0.0 38.9 22.2 20.0 0.0 0.0 23

 24 Funding corporations (Maiden Lane II) (8) 0.0 0.0 0.0 19.5 16.0 13.5 6.8 0.0 24

 25 Funding corporations (Maiden Lane III)(9) 0.0 0.0 0.0 24.4 18.5 14.1 9.8 0.0 25

 26 Funding corporations (CPFF) (10) 0.0 0.0 0.0 333.0 9.4 0.0 0.0 0.0 26

 27 Corporate equities (11) 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 27

 28 Miscellaneous assets 18.1 17.0 40.5 569.8 75.9 83.1 225.8 199.5 28

 29 Nonofficial foreign currencies (12) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 8.9 29

 30 Other 18.1 17.0 16.5 16.1 65.6 83.0 126.0 190.6 30

 31 Total liabilities 865.7 892.9 932.8 2249.6 2241.6 2426.7 2920.3 2927.6 31

 32 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 1491.0 32

 33 Vault cash of depository institutions 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 33

 34 Checkable deposits and currency 750.8 774.3 792.1 1220.3 1102.7 1287.8 1165.7 1224.6 34

 35 Due to federal government 4.8 5.0 16.4 365.7 191.9 340.9 85.9 92.9 35

 36 Treasury cash holdings 0.2 0.3 0.3 0.3 0.2 0.2 0.1 0.2 36

 37 Treasury general deposit account 4.6 4.7 16.1 106.1 186.6 140.8 85.7 92.7 37

 38 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 5.0 200.0 0.0 0.0 38

 39 Due to rest of the world 0.1 0.1 0.1 1.4 2.4 3.4 0.2 6.5 39

 40 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 64.6 27.2 40

 41 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 1015.0 1098.1 41

 42 Security repurchase agreements 30.5 29.6 44.0 88.4 77.7 59.7 99.9 107.2 42

 43 Miscellaneous liabilities 15.3 18.5 21.0 23.1 29.2 58.4 31.7 33.7 43

 44 Federal Reserve Bank stock 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 44

 45 Other 1.8 3.2 2.5 2.1 3.6 31.9 4.8 6.3 45

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

(2) Shown on table L.203.

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

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

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

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

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

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

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

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

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

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

(12) Reciprocal currency arrangements (swap lines) with foreign central banks.
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70 Historical Annuals, 2005-2012, December 9, 2013

L.109 Private Depository Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 10692.8 11576.8 12584.2 13970.3 13364.7 13515.6 14429.9 14822.5 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 2

 3 Reserves at Federal Reserve 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 1491.0 3

 4 Credit market instruments 9394.4 10145.1 10954.1 11348.8 10776.3 10968.9 11177.8 11580.2 4

 5 Open market paper 0.8 1.0 0.4 15.7 0.0 0.0 0.0 0.0 5

 6 Treasury securities 116.0 112.3 122.7 101.9 196.6 299.6 252.9 339.5 6

 7 Agency- and GSE-backed securities 1357.1 1373.9 1258.2 1400.3 1579.9 1718.1 1851.7 1901.4 7

 8 Municipal securities 166.6 191.4 204.0 224.4 227.8 257.1 303.9 369.9 8

 9 Corporate and foreign bonds 784.6 890.8 1123.7 1087.2 940.0 795.9 800.2 794.0 9

 10 Depository institution loans n.e.c. 1583.7 1770.1 2094.5 2304.0 1919.6 1903.1 2117.3 2322.2 10

 11 Other loans and advances 4.0 0.4 0.5 0.0 0.0 0.0 0.0 0.0 11

 12 Mortgages 4336.9 4732.3 5018.6 5014.2 4768.9 4583.0 4436.2 4391.0 12

 13 Consumer credit 1044.7 1072.8 1131.5 1201.2 1143.4 1412.0 1415.6 1462.3 13

 14 Corporate equities 62.9 79.8 88.8 33.8 63.6 73.6 67.4 87.1 14

 15 Mutual fund shares 19.5 26.6 31.6 21.6 47.4 46.5 43.5 61.5 15

 16 Security credit 230.7 302.2 334.5 221.0 219.6 242.3 321.3 432.7 16

 17 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 120.8 138.1 17

 18 Miscellaneous assets 916.1 859.3 995.2 1316.6 1114.3 1047.4 1076.0 960.8 18

 19 Total liabilities 10544.2 11320.4 12120.6 13324.9 13248.7 13527.7 14574.3 15168.4 19

 20 Net interbank liabilities 0.6 0.7 -55.2 843.3 188.1 49.9 266.1 155.9 20

 21 Checkable deposits 776.4 732.9 740.8 881.0 990.7 1072.0 1428.6 1633.1 21

 22 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 7803.9 22

 23 Large time deposits 1892.4 2181.6 2521.9 2339.5 2105.9 1923.2 1750.0 1659.9 23

 24 Federal funds and security repos (net) 889.8 937.1 844.6 503.8 859.0 694.7 619.8 499.6 24

 25 Credit market instruments 743.2 788.0 1024.0 1030.9 744.6 968.7 892.9 865.3 25

 26 Open market paper 4.1 0.9 0.8 0.5 0.6 113.0 120.6 87.5 26

 27 Corporate bonds 130.4 159.9 184.8 184.8 176.3 436.8 415.8 415.8 27

 28 Other loans and advances 608.7 627.2 838.4 845.6 567.6 418.9 356.4 362.0 28

 29 Taxes payable (net) 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 -47.9 29

 30 Miscellaneous liabilities 1614.3 1707.0 1807.5 2050.7 2100.2 2253.9 2463.8 2598.4 30

 31 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 107.7 120.0 193.7 198.1 31

 32 Investment by holding companies 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 32

 33 Investment by funding corporations 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 33

 34 Other 305.7 231.3 215.4 331.8 189.9 329.5 423.3 385.1 34

 Memo:

 35 Consumer leases not included above (2) 0.0 0.0 11.2 9.5 6.9 6.2 6.0 6.5 35

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

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

 The leased automobile is a nonfinancial asset.
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Historical Annuals, 2005-2012, December 9, 2013 71

L.110 U.S.-Chartered Depository Institutions, Excluding Credit Unions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 9111.8 9802.9 10553.8 11680.3 11278.6 11309.3 11733.4 12079.6 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 2

 3 Reserves at Federal Reserve 18.1 18.1 19.8 616.4 670.1 580.4 805.2 798.5 3

 4 Credit market instruments 8016.9 8633.9 9209.3 9459.7 9144.0 9356.2 9489.9 9840.6 4

 5 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 5

 6 Treasury securities 76.5 74.4 80.1 56.4 124.5 217.5 173.9 243.2 6

 7 Agency- and GSE-backed securities 1185.0 1217.3 1106.3 1242.5 1417.4 1527.2 1634.1 1669.7 7

 8 Residential mortgage pass-through securities 695.0 746.1 697.1 851.0 837.5 835.3 899.1 912.8 8

 9 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 3.6 3.3 8.2 21.7 9

 10 Residential CMOs and other structured MBS 183.0 179.9 174.1 193.9 264.0 393.4 473.8 454.6 10

 11 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 4.0 3.6 13.4 42.9 11

 12 Other 307.0 291.2 235.1 197.6 308.4 291.5 239.6 237.7 12

 13 Municipal securities 166.1 190.1 202.0 221.9 224.3 254.6 297.3 363.1 13

 14 Corporate and foreign bonds 492.8 564.0 715.5 652.4 668.2 550.5 553.0 551.6 14

 15 Priv. residential mortgage pass-through securities 31.6 43.7 54.7 29.0 16.2 6.5 3.5 18.7 15

 16 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 17.8 11.4 8.9 9.3 16

 17 Priv. residential CMOs and other structured MBS 204.8 224.6 328.9 285.6 202.9 132.3 110.4 88.4 17

 18 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 26.0 24.7 27.4 32.7 18

 19 Other 255.5 295.1 330.9 335.9 404.1 374.0 401.8 401.6 19

 20 Depository institution loans n.e.c. 1222.2 1335.7 1551.9 1690.7 1431.3 1425.9 1589.6 1797.1 20

 21 Other loans and advances 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 22 Mortgages 4054.9 4415.7 4658.6 4615.2 4371.9 4194.9 4049.6 3997.4 22

 23 Consumer credit 816.1 836.7 894.9 965.0 906.3 1185.5 1192.6 1218.7 23

 24 Corporate equities 62.9 79.8 88.8 33.8 63.6 73.6 67.4 87.1 24

 25 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 45.0 41.7 59.2 25

 26 Security credit 95.6 116.5 145.9 158.6 158.0 152.3 189.6 243.0 26

 27 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 120.8 138.1 27

 28 Miscellaneous assets 850.8 785.0 901.2 1223.8 1030.3 933.2 958.1 842.1 28

 29 Total liabilities 8856.6 9465.1 10122.1 11168.5 11117.7 11308.4 11843.8 12394.8 29

 30 Net interbank liabilities 279.9 369.9 486.4 1133.0 645.9 431.1 165.0 69.6 30

 31 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 -0.5 31

 32 Borrowing from Federal Reserve banks 0.1 0.1 48.6 559.7 96.6 0.2 0.2 0.1 32

 33 To domestic banks -9.9 -21.2 4.3 37.7 54.5 24.1 62.2 51.6 33

 34 To foreign banks 288.9 391.3 433.5 537.1 496.9 408.2 103.3 18.5 34

 35 Checkable deposits 672.7 637.1 639.6 777.5 871.6 941.1 1260.5 1435.6 35

 36 Federal government 33.9 28.0 42.9 3.5 3.8 3.6 1.0 1.3 36

 37 Rest of the world 17.4 26.8 31.7 62.9 34.3 30.4 56.1 51.8 37

 38 Private domestic 621.5 582.3 564.9 711.1 833.5 907.0 1203.5 1382.4 38

 39 Small time and savings deposits 4111.6 4418.3 4664.0 5144.6 5617.0 5888.6 6425.7 6979.3 39

 40 Large time deposits 1225.0 1364.4 1429.6 1365.6 1029.9 896.1 882.9 803.0 40

 41 Federal funds and security repos (net) 689.9 691.1 620.4 364.3 681.3 462.3 355.0 212.4 41

 42 Credit market instruments 727.8 768.6 991.2 990.3 718.1 942.6 868.7 840.3 42

 43 Open market paper 3.3 0.4 0.3 0.5 0.6 113.0 120.6 87.5 43

 44 Corporate bonds 130.4 159.9 184.8 184.8 176.3 436.8 415.8 415.8 44

 45 Other loans and advances 594.0 608.3 806.1 805.0 541.1 392.8 332.3 336.9 45

 46 Taxes payable (net) 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 -47.9 46

 47 Miscellaneous liabilities 1120.2 1187.7 1278.5 1466.7 1620.1 1806.2 1934.9 2102.5 47

 48 Investment by holding companies 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 48

 49 Other 130.5 44.8 21.6 96.2 20.6 173.3 225.9 213.3 49

 Memo:

 50 Consumer leases not included above (1) 0.0 0.0 11.2 9.5 6.9 6.2 6.0 6.5 50

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

 The leased automobile is a nonfinancial asset.
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72 Historical Annuals, 2005-2012, December 9, 2013

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 854.2 1013.1 1229.5 1447.3 1199.8 1255.3 1714.5 1705.9 1

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

 3 Reserves at Federal Reserve 0.9 0.6 1.0 239.0 284.1 350.8 711.0 638.8 3

 4 Credit market instruments 684.1 789.3 994.0 1097.1 809.6 785.2 827.7 833.5 4

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

 6 Treasury securities 27.8 26.8 30.4 35.5 57.5 60.9 60.5 76.6 6

 7 Agency- and GSE-backed securities 50.9 55.1 57.1 50.6 31.3 26.5 30.6 32.1 7

 8 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Corporate and foreign bonds 267.5 295.8 373.1 405.4 247.6 238.2 236.7 230.5 9

 10 Depository institution loans n.e.c. 316.2 386.3 493.9 561.5 435.5 424.2 467.1 463.4 10

 11 Other loans and advances 0.8 0.4 0.5 0.0 0.0 0.0 0.0 0.0 11

 12 Mortgages 20.8 24.9 39.0 44.2 37.8 35.4 32.8 30.9 12

 13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 13

 14 Security credit 135.1 185.6 188.6 62.3 61.6 90.1 131.7 189.7 14

 15 Miscellaneous assets 34.2 37.5 45.9 48.9 44.5 29.2 44.2 43.9 15

 16 Total liabilities 1028.4 1171.0 1278.6 1386.3 1302.8 1337.8 1850.9 1842.5 16

 17 Net interbank liabilities -216.2 -304.8 -478.7 -220.5 -376.8 -343.2 164.0 156.9 17

 18 To foreign banks -252.2 -349.3 -501.0 -249.3 -411.0 -384.0 134.8 83.6 18

 19 To domestic banks 36.0 44.5 22.3 28.8 34.1 40.8 29.2 73.3 19

 20 Checkable deposits 9.3 9.3 11.8 13.5 16.1 21.9 45.6 61.8 20

 21 Small time and savings deposits 10.0 18.6 25.5 25.6 29.9 35.7 48.9 62.7 21

 22 Large time deposits 580.9 727.0 996.2 876.2 1024.2 977.7 814.6 798.4 22

 23 Federal funds and security repos (net) 206.6 251.1 226.7 137.2 177.8 232.4 280.7 296.9 23

 24 Open market paper (2) 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 24

 25 Miscellaneous liabilities 437.0 469.4 496.6 554.3 431.5 413.3 497.1 465.8 25

 26 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 107.7 120.0 193.7 198.1 26

 27 Investment by funding corporations 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 27

 28 Other 118.0 136.6 161.5 206.0 120.7 121.7 165.6 141.7 28

(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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Historical Annuals, 2005-2012, December 9, 2013 73

L.112 Banks in U.S.-Affiliated Areas (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 106.3 105.2 104.9 102.0 94.7 79.9 75.8 75.8 1

 2 Credit market instruments 101.0 99.3 92.8 90.9 88.1 68.9 64.0 63.9 2

 3 Treasury securities 3.9 3.7 1.8 1.2 0.5 1.1 1.0 0.4 3

 4 Agency- and GSE-backed securities 34.8 29.0 26.3 24.4 20.5 12.8 4.8 2.6 4

 5 Municipal securities 0.5 1.3 2.0 2.5 3.5 2.5 3.4 2.6 5

 6 Corporate and foreign bonds 0.8 0.4 0.5 0.5 2.0 0.6 4.2 5.2 6

 7 Depository institution loans n.e.c. 25.9 25.6 21.4 19.7 19.4 16.1 17.1 18.1 7

 8 Home mortgages 16.3 17.2 21.5 22.9 22.6 20.1 17.8 20.0 8

 9 Commercial mortgages 18.8 22.0 19.3 19.7 19.6 15.7 15.6 14.9 9

 10 Miscellaneous assets 5.3 5.9 12.1 11.1 6.5 11.0 11.8 12.0 10

 11 Total liabilities 103.4 102.1 94.4 91.0 90.0 75.2 72.1 72.0 11

 12 Net interbank liabilities -3.0 -2.9 -2.6 -3.2 -4.2 -3.3 -4.6 -4.9 12

 13 Checkable deposits 13.3 14.0 15.7 14.6 16.1 16.6 19.4 21.9 13

 14 Small time and savings deposits 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 14

 15 Large time deposits 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 15

 16 Miscellaneous liabilities 45.2 40.7 28.8 24.9 29.2 23.3 19.4 17.3 16

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

L.113 Credit Unions

Billions of dollars

 1 Total financial assets 620.5 655.6 696.0 740.6 791.7 871.1 906.1 961.1 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 22.8 36.9 46.1 53.8 2

 3 Credit market instruments 592.5 622.6 657.9 701.1 734.6 758.6 796.2 842.3 3

 4 Open market paper 0.8 1.0 0.4 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 7.7 7.4 10.4 8.8 14.2 20.1 17.6 19.3 5

 6 Agency- and GSE-backed securities 86.4 72.5 68.4 82.9 110.7 151.5 182.1 197.0 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 3.2 4.2 7

 8 Corporate and foreign bonds 23.5 30.6 34.6 28.9 22.3 6.6 6.3 6.7 8

 9 Depository institution loans n.e.c. 19.5 22.5 27.3 32.1 33.4 36.9 43.5 43.6 9

 10 Home mortgages 226.1 252.5 280.2 312.2 316.9 317.0 320.5 327.8 10

 11 Consumer credit 228.6 236.1 236.6 236.2 237.1 226.5 223.0 243.6 11

 12 Mutual fund shares 2.2 2.1 2.1 2.0 1.3 1.5 1.9 2.3 12

 13 Miscellaneous assets 25.8 30.9 36.0 32.8 33.0 74.1 61.9 62.7 13

 14 Total liabilities 555.9 582.2 625.4 679.0 738.3 806.3 807.6 859.1 14

 15 Net interbank liabilities -60.1 -61.4 -60.3 -65.9 -76.8 -34.7 -58.4 -65.7 15

 16 Shares/deposits 596.1 620.6 652.3 697.4 769.4 803.8 845.3 896.6 16

 17 Checkable 81.1 72.6 73.7 75.3 86.9 92.4 103.1 113.9 17

 18 Small time and savings 452.5 483.0 508.7 551.7 655.2 681.3 708.7 743.1 18

 19 Large time 62.5 65.0 69.9 70.4 27.3 30.1 33.5 39.7 19

 20 Federal funds and security repos (net) -6.7 -5.1 -2.5 2.3 -0.1 -0.0 -15.9 -9.7 20

 21 Other loans and advances 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 21

 22 Miscellaneous liabilities 11.9 9.2 3.6 4.7 19.4 11.1 12.4 12.7 22
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74 Historical Annuals, 2005-2012, December 9, 2013

L.114 Property-Casualty Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 1246.3 1335.8 1385.8 1305.5 1380.2 1360.5 1376.6 1437.0 1

 2 Checkable deposits and currency 21.0 29.9 42.7 27.9 27.6 32.6 24.1 36.4 2

 3 Money market fund shares 12.8 13.5 20.7 32.8 29.6 25.6 20.0 23.8 3

 4 Security repurchase agreements 2.7 1.9 3.6 4.4 4.5 3.8 1.7 1.9 4

 5 Credit market instruments 819.3 864.1 869.3 853.4 886.7 890.6 926.8 924.3 5

 6 Open market paper 15.8 16.4 13.3 19.1 9.8 7.9 8.8 7.4 6

 7 Treasury securities 106.9 110.0 71.3 65.6 88.5 91.7 96.4 90.2 7

 8 Agency- and GSE-backed securities 117.9 122.0 125.8 114.3 116.2 115.8 122.7 113.6 8

 9 Municipal securities 313.2 335.2 371.3 381.9 369.4 348.4 331.0 327.6 9

 10 Corporate and foreign bonds 262.8 277.0 282.9 267.5 298.3 322.6 363.1 379.8 10

 11 Commercial mortgages 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 11

 12 Corporate equities 198.1 221.0 231.3 190.1 215.6 214.8 220.8 252.2 12

 13 Mutual fund shares 7.2 13.0 11.7 7.6 9.5 10.2 9.1 11.8 13

 14 Trade receivables 82.1 87.0 85.4 86.7 83.0 83.8 87.2 92.0 14

 15 Miscellaneous assets 103.3 105.5 121.1 102.6 123.7 99.1 86.9 94.6 15

 16 Total liabilities 759.0 826.3 818.6 792.3 804.3 823.2 856.0 886.9 16

 17 Security repurchase agreements 1.3 1.2 0.5 2.4 0.6 1.5 0.4 0.8 17

 18 Taxes payable (net) -1.6 9.4 7.0 -21.1 -15.8 -10.1 -14.5 -10.8 18

 19 Miscellaneous liabilities 759.3 815.7 811.1 811.0 819.5 831.9 870.1 896.9 19

L.115 Life Insurance Companies

Billions of dollars

 1 Total financial assets 4350.7 4685.3 4949.7 4515.5 4823.9 5176.3 5340.1 5614.4 1

 2 Checkable deposits and currency 47.7 56.1 58.3 82.8 50.7 51.7 53.7 56.4 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 21.0 28.8 27.5 3

 4 Security repurchase agreements 2.6 2.6 2.7 8.0 10.2 10.9 10.1 8.5 4

 5 Credit market instruments 2753.9 2786.4 2871.2 2882.8 3022.6 3174.2 3300.0 3360.6 5

 6 Open market paper 24.4 28.7 41.7 38.3 49.8 40.9 29.7 43.6 6

 7 Treasury securities 95.4 87.9 70.6 105.7 133.5 156.6 175.4 179.6 7

 8 Agency- and GSE-backed securities 368.5 377.4 382.9 366.2 371.9 376.0 374.4 360.6 8

 9 Municipal securities 32.5 36.6 41.4 47.1 73.1 112.3 121.8 131.4 9

 10 Corporate and foreign bonds 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 2117.7 2150.6 10

 11 Other loans and advances 122.8 132.6 145.8 166.1 140.9 140.7 148.6 150.4 11

 12 Mortgages 285.5 303.8 326.2 342.4 326.1 317.5 332.5 344.4 12

 13 Corporate equities 1161.8 1364.8 1464.6 1001.7 1208.5 1402.6 1390.2 1545.1 13

 14 Mutual fund shares 109.0 148.8 188.4 121.0 140.8 155.7 150.1 159.3 14

 15 Miscellaneous assets 262.1 303.3 342.9 380.1 357.6 360.3 407.2 457.0 15

 16 Total liabilities 4088.4 4412.0 4661.7 4266.5 4532.5 4850.8 5001.3 5248.8 16

 17 Security repurchase agreements 20.9 21.2 20.2 12.9 12.4 10.3 10.4 13.5 17

 18 Other loans and advances 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 18

 19 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 1309.0 19

 20 Pension entitlements (1) 2197.4 2390.4 2531.6 2223.2 2346.9 2563.0 2602.8 2759.4 20

 21 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 -28.3 21

 22 Miscellaneous liabilities 824.0 868.0 929.8 866.4 961.7 1031.4 1062.6 1143.6 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).
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Historical Annuals, 2005-2012, December 9, 2013 75

L.116 Private and Public Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets (2) 10940.4 11692.4 12279.6 11709.2 12716.2 14034.9 14364.9 15158.7 1

 2 Checkable deposits and currency 16.9 20.8 22.5 16.9 14.0 16.7 22.8 22.3 2

 3 Time and savings deposits 76.9 54.0 61.0 57.1 61.5 67.0 71.9 68.8 3

 4 Money market fund shares 123.3 192.6 200.0 199.9 188.4 181.3 200.1 194.5 4

 5 Security repurchase agreements 29.1 6.6 7.0 5.8 5.9 6.1 6.3 6.1 5

 6 Credit market instruments 1494.9 1651.4 1736.5 1729.0 1663.4 1819.4 1913.0 1952.8 6

 7 Open market paper 58.4 76.5 81.8 75.4 77.4 81.0 86.7 82.8 7

 8 Treasury securities 338.6 369.5 372.9 389.6 454.0 505.3 564.5 665.6 8

 9 Agency- and GSE-backed securities 442.4 386.1 387.2 356.1 346.8 355.6 366.8 418.0 9

 10 Corporate and foreign bonds 630.2 769.8 841.0 865.4 748.6 837.8 859.0 752.1 10

 11 Mortgages 23.5 47.8 52.1 41.2 35.2 37.5 33.0 29.2 11

 12 Corporate equities 4181.4 4100.1 4304.5 2731.3 3381.7 3857.4 3653.5 4154.2 12

 13 Mutual fund shares 1867.1 2163.5 2300.6 1528.9 2032.7 2307.9 2259.6 2578.7 13

 14 Miscellaneous assets 3150.8 3503.3 3647.6 5440.3 5368.6 5779.2 6237.6 6181.4 14

 15 Claims of pension fund on sponsor (3) 1706.7 1630.1 1687.4 3490.1 3226.4 3517.2 3843.0 3701.5 15

 16 Other 178.0 559.9 588.4 571.9 600.5 628.9 681.8 679.3 16

 17 Pension entitlements (liabilities) (4) 11033.6 11816.0 12425.0 11838.5 12858.5 14182.0 14512.4 15315.7 17

 Memo:

 Funded status of defined benefit plans:

 18 Pension entitlements 7737.0 8195.5 8586.3 8958.3 9297.3 10146.1 10497.1 10871.2 18

 19 Funded by assets (5) 6030.3 6565.4 6898.9 5468.2 6070.9 6628.9 6654.1 7169.7 19

 20 Unfunded (line 15) 1706.7 1630.1 1687.4 3490.1 3226.4 3517.2 3843.0 3701.5 20

 21 Household retirement assets (6) 16181.7 17883.8 19132.2 17236.4 19028.1 21002.9 21398.7 22857.1 21

 22 Defined benefit plans (7) 7643.8 8071.8 8441.0 8828.9 9155.0 9999.0 10349.6 10714.2 22

 23 Defined contribution plans (8) 3296.5 3620.6 3838.7 2880.2 3561.2 4035.9 4015.4 4444.6 23

 24 Individual retirement plans (IRAs) (9) 3425.0 4207.0 4748.0 3681.0 4363.0 4839.0 4872.0 5407.0 24

 25 Annuities at life insurance companies (10) 1816.3 1984.4 2104.6 1846.2 1948.9 2129.0 2161.8 2291.4 25

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

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

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

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

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

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

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

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

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

(10) Annuities held in IRAs at life insurance companies are excluded. They are included in line 24.
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76 Historical Annuals, 2005-2012, December 9, 2013

L.117 Private Pension Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets (2) 5358.9 5762.6 6088.5 5246.1 5939.9 6589.2 6636.0 7138.7 1

 2 Checkable deposits and currency 10.8 17.5 18.8 13.4 10.4 12.6 18.3 18.0 2

 3 Time and savings deposits 62.2 30.4 34.3 30.2 33.0 32.1 33.4 31.6 3

 4 Money market fund shares 86.7 144.2 151.1 156.2 147.4 137.3 154.1 150.0 4

 5 Security repurchase agreements 22.1 3.5 3.7 2.8 2.9 2.7 2.7 2.6 5

 6 Credit market instruments 699.9 755.6 787.6 782.7 795.5 918.6 991.8 1003.7 6

 7 Open market paper 31.5 47.8 50.2 44.3 45.3 42.6 44.7 42.3 7

 8 Treasury securities 116.5 139.8 141.0 147.4 182.4 215.6 243.4 291.1 8

 9 Agency- and GSE-backed securities 252.0 186.1 190.6 190.3 184.0 190.4 193.8 210.7 9

 10 Corporate and foreign bonds 290.0 349.9 371.6 374.6 360.0 443.4 488.0 440.2 10

 11 Mortgages 9.8 31.9 34.2 26.1 23.8 26.6 21.9 19.3 11

 12 Corporate equities 2441.7 2151.2 2223.1 1380.4 1647.1 1938.3 1826.1 2039.7 12

 13 Mutual fund shares 1585.4 1845.1 1995.4 1362.3 1827.5 2084.7 2052.8 2338.4 13

 14 Miscellaneous assets 450.1 815.2 874.5 1518.3 1476.0 1463.0 1556.7 1554.8 14

 15 Unallocated insurance contracts (3) 338.4 330.0 350.5 279.0 388.9 399.2 405.1 454.6 15

 16 Contributions receivable 44.8 64.7 69.3 84.0 75.6 91.1 94.0 92.0 16

 17 Claims of pension fund on sponsor (4) -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 17

 18 Other 97.0 449.5 475.4 477.3 514.4 526.7 570.8 568.0 18

 19 Pension entitlements (liabilities) (5) 5398.1 5800.2 6122.8 5281.4 5976.3 6625.7 6672.5 7175.3 19

 Memo:

 Funded status of defined benefit plans:

 20 Pension entitlements 2290.4 2402.0 2529.1 2608.2 2662.7 2872.2 2953.1 3054.3 20

 21 Funded by assets (6) 2320.5 2431.1 2549.9 1930.2 2165.5 2426.2 2466.3 2614.0 21

 22 Unfunded (line 17) -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 22

 Total financial assets (7)

 23 Defined benefit plans 2251.2 2364.3 2494.9 2572.9 2626.3 2835.7 2916.6 3017.8 23

 24 Defined contribution plans 3107.7 3398.2 3593.6 2673.2 3313.6 3753.5 3719.4 4120.9 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 (e.g., GICs, variable annuities); series begins 1985:Q4.

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

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

(6) 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 L.117.b and L.117.c.
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Historical Annuals, 2005-2012, December 9, 2013 77

L.118 State and Local Government Employee Retirement Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets (2) 3086.9 3320.5 3477.3 3704.9 3853.9 4298.2 4478.2 4652.7 1

 2 Checkable deposits and currency 6.1 3.4 3.6 3.5 3.5 4.1 4.5 4.3 2

 3 Time and savings deposits 14.7 23.6 26.6 26.9 28.5 34.9 38.5 37.2 3

 4 Money market fund shares 36.6 48.5 48.9 43.7 40.9 44.0 46.0 44.5 4

 5 Security repurchase agreements 7.0 3.1 3.3 3.0 3.0 3.4 3.6 3.5 5

 6 Credit market instruments 717.0 809.1 849.5 823.0 737.2 759.3 759.6 773.6 6

 7 Open market paper 26.9 28.7 31.6 31.0 32.1 38.4 41.9 40.5 7

 8 Treasury securities 154.2 153.4 144.2 129.9 151.9 160.0 173.3 214.5 8

 9 Agency- and GSE-backed securities 184.6 194.4 191.2 160.6 157.6 159.4 166.5 200.1 9

 10 Municipal securities 1.6 1.6 1.5 1.3 1.4 2.2 3.1 5.0 10

 11 Corporate and foreign bonds 335.8 415.0 463.1 485.1 382.8 388.5 363.7 303.5 11

 12 Mortgages 13.7 15.9 17.9 15.1 11.4 10.9 11.1 9.9 12

 13 Corporate equities 1628.8 1813.3 1935.7 1267.2 1617.8 1778.2 1693.0 1966.4 13

 14 Mutual fund shares 281.7 318.4 305.2 166.7 205.2 223.2 206.9 240.3 14

 15 Miscellaneous assets 395.0 301.1 304.4 1370.9 1217.8 1451.1 1726.1 1582.9 15

 16 Claims of pension fund on sponsor (3) 314.0 190.8 191.4 1276.3 1131.7 1348.9 1615.1 1471.5 16

 17 Other 81.0 110.4 113.0 94.6 86.1 102.2 111.0 111.3 17

 18 Pension entitlements (liabilities) (4) 3140.9 3406.5 3588.5 3799.0 3959.8 4408.7 4589.2 4773.1 18

 Memo:

 Funded status of defined benefit plans:

 19 Pension entitlements 3140.9 3406.5 3588.5 3799.0 3959.8 4408.7 4589.2 4773.1 19

 20 Funded by assets (5) 2826.9 3215.7 3397.1 2522.7 2828.1 3059.8 2974.1 3301.6 20

 21 Unfunded (line 16) 314.0 190.8 191.4 1276.3 1131.7 1348.9 1615.1 1471.5 21

(1) Defined benefit plans.

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

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

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

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

L.119 Federal Government Employee Retirement Funds

Billions of dollars

 1 Total financial assets (1) 2494.6 2609.3 2713.8 2758.1 2922.3 3147.6 3250.7 3367.3 1

 2 Credit market instruments 78.0 86.7 99.4 123.3 130.7 141.5 161.6 175.5 2

 3 Treasury securities 67.8 76.4 87.7 112.4 119.8 129.8 147.7 160.0 3

 4 Agency- and GSE-backed securities 5.8 5.6 5.4 5.2 5.2 5.8 6.5 7.2 4

 5 Corporate and foreign bonds 4.4 4.8 6.3 5.8 5.7 5.9 7.3 8.3 5

 6 Corporate equities 110.9 135.6 145.7 83.7 116.8 140.9 134.4 148.1 6

 7 Miscellaneous assets (2) 2305.7 2387.0 2468.7 2551.1 2674.8 2865.1 2954.8 3043.7 7

 8 Nonmarketable Treasury securities 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 8

 9 Claims of pension fund on sponsor (3) 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 9

 10 Pension entitlements (liabilities) (4) 2494.6 2609.3 2713.8 2758.1 2922.3 3147.6 3250.7 3367.3 10

 Memo:

 Funded status of defined benefit plans:

 11 Pension entitlements 2305.7 2387.0 2468.7 2551.1 2674.8 2865.1 2954.8 3043.7 11

 12 Funded by assets (5) 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 12

 13 Unfunded (line 9) 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 13

 Total financial assets

 14 Defined benefit plans (2) 2305.7 2387.0 2468.7 2551.1 2674.8 2865.1 2954.8 3043.7 14

 15 Defined contribution plans (6) 188.9 222.3 245.1 207.0 247.5 282.4 295.9 323.6 15

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

(2) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund,

 and foreign service retirement and disability fund.

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

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

(5) Total defined benefit financial assets less claims of pension fund on sponsor.

(6) Includes the Thrift Savings Plan and the National Railroad Retirement Investment Trust.
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78 Historical Annuals, 2005-2012, December 9, 2013

L.120 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 1

 2 Foreign deposits 75.8 65.8 100.2 85.6 97.1 105.9 42.9 43.3 2

 3 Checkable deposits and currency -0.9 6.6 1.9 7.5 17.9 14.2 20.1 16.5 3

 4 Time and savings deposits 191.3 219.3 294.0 396.8 566.6 458.9 402.7 435.4 4

 5 Security repurchase agreements 345.6 394.8 605.9 542.4 480.0 479.4 490.5 544.7 5

 6 Credit market instruments 1348.6 1570.2 1962.0 2689.9 2070.0 1673.4 1663.6 1580.9 6

 7 Open market paper 489.4 600.8 674.6 618.5 510.5 394.2 354.2 340.8 7

 8 Treasury securities 88.6 82.6 178.2 577.7 406.4 335.4 443.3 457.8 8

 9 Agency- and GSE-backed securities 162.0 133.9 235.9 756.2 543.0 402.8 403.7 343.5 9

 10 Municipal securities 349.1 392.0 496.6 509.5 440.1 386.7 357.3 336.7 10

 11 Corporate and foreign bonds 259.5 360.9 376.8 228.0 169.9 154.2 105.1 102.1 11

 12 Miscellaneous assets 32.8 39.6 69.0 35.2 26.9 23.5 22.7 28.8 12

 13 Total shares outstanding (liabilities) 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.121 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 1

 2 Security repurchase agreements 115.4 132.8 132.2 124.7 153.3 137.5 108.7 262.7 2

 3 Credit market instruments 1743.8 1928.7 2196.7 2229.2 2616.3 2969.9 3329.3 3981.3 3

 4 Open market paper 97.1 114.5 114.1 51.6 80.2 66.3 40.0 77.5 4

 5 Treasury securities 158.5 158.3 159.8 177.3 249.2 368.3 450.1 572.6 5

 6 Agency- and GSE-backed securities 480.4 501.3 582.4 559.9 612.0 692.2 791.3 878.7 6

 7 Municipal securities 311.2 343.9 371.6 389.4 478.8 525.5 541.2 627.4 7

 8 Corporate and foreign bonds 660.1 764.4 886.5 956.2 1120.7 1243.0 1413.4 1719.4 8

 9 Other loans and advances 36.5 46.3 82.4 94.8 75.4 74.6 93.5 105.7 9

 10 Corporate equities 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 4427.2 5107.0 10

 11 Miscellaneous assets 10.7 14.0 16.8 20.0 14.9 2.9 5.7 -27.4 11

 12 Total shares outstanding (liabilities) 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.115).

L.122 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Total financial assets 270.3 293.2 316.4 203.1 229.3 243.8 241.3 257.2 1

 2 Credit market instruments 165.4 171.5 171.2 130.6 141.1 146.4 144.7 155.9 2

 3 Treasury securities 7.1 7.3 5.6 3.2 4.4 5.1 4.8 5.2 3

 4 Municipal securities 89.3 89.3 91.2 77.9 81.2 81.5 82.5 85.7 4

 5 Corporate and foreign bonds 69.0 74.8 74.3 49.5 55.6 59.8 57.4 65.0 5

 6 Corporate equities 104.9 121.7 145.2 72.5 88.1 97.4 96.5 101.3 6

 7 Total shares outstanding (liabilities) 270.3 293.2 316.4 203.1 229.3 243.8 241.3 257.2 7

 Exchange-traded funds

 8 Total financial assets 300.8 422.8 607.8 531.1 773.1 986.8 1042.6 1324.4 8

 9 Credit market instruments 15.0 20.7 34.1 57.1 103.0 132.7 178.8 231.1 9

 10 Treasury securities 9.7 13.1 19.7 27.1 41.8 51.0 62.4 63.6 10

 11 Municipal securities 0.0 0.0 0.6 2.3 5.9 7.6 8.6 12.3 11

 12 Corporate and foreign bonds 5.3 7.6 13.8 27.7 55.4 74.1 107.7 155.3 12

 13 Corporate equities 285.8 402.0 573.7 474.0 670.0 854.1 863.8 1093.3 13

 14 Total shares outstanding (liabilities) 300.8 422.8 607.8 531.1 773.1 986.8 1042.6 1324.4 14
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Historical Annuals, 2005-2012, December 9, 2013 79

L.123 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 2822.0 2875.1 3175.7 3409.2 3048.5 6722.4 6480.2 6275.1 1

 2 Checkable deposits and currency 14.6 16.4 13.7 88.3 99.4 63.4 72.7 52.6 2

 3 Time and savings deposits 35.3 33.9 46.6 68.5 25.7 26.1 13.4 4.3 3

 4 Federal funds and security repos 110.3 119.6 144.1 115.8 123.3 151.2 112.3 150.8 4

 5 Credit market instruments 2543.9 2590.5 2829.5 3037.5 2699.7 6333.1 6133.4 5914.8 5

 6 Open market paper 13.8 32.4 27.7 6.8 9.7 9.9 6.5 3.4 6

 7 Treasury securities 13.1 14.2 15.5 16.8 36.6 82.6 100.2 69.0 7

 8 Agency- and GSE-backed securities 751.1 714.0 702.9 910.0 924.5 377.0 358.9 310.6 8

 9 Municipal securities 39.7 36.1 33.3 31.3 29.1 24.9 21.0 17.0 9

 10 Corporate and foreign bonds 465.7 481.7 464.4 386.6 296.0 266.5 235.7 185.7 10

 11 Other loans and advances 671.8 704.9 942.6 980.7 695.9 551.3 487.0 505.7 11

 12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Farm Credit System 51.6 63.5 75.5 80.3 80.0 87.3 83.8 92.1 13

 14 FHLB 620.2 641.4 867.1 900.5 615.9 464.0 403.3 413.6 14

 15 Mortgages 588.8 607.2 643.1 705.3 707.7 5021.0 4924.0 4823.5 15

 16 Home 453.9 457.6 447.9 456.6 431.3 4687.1 4583.9 4472.4 16

 17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4141.0 4032.1 3958.0 17

 18 Other 453.9 457.6 447.9 456.6 431.3 546.1 551.8 514.3 18

 19 Multifamily residential 93.0 105.4 147.7 190.2 204.4 256.5 259.2 265.5 19

 20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 75.4 100.3 127.0 20

 21 Other 93.0 105.4 147.7 190.2 204.4 181.1 158.9 138.5 21

 22 Farm 42.0 44.2 47.6 58.5 72.0 77.4 80.9 85.7 22

 23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 24 Miscellaneous assets 117.8 114.7 141.7 99.1 100.3 148.6 148.5 152.6 24

 25 Total liabilities 2734.0 2781.2 3081.3 3390.2 2977.0 6589.1 6377.9 6216.8 25

 26 Federal funds and security repos 3.3 2.9 2.3 1.3 1.2 1.3 0.4 0.0 26

 27 Credit market instruments 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 27

 28 GSE issues (4) 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 28

 29 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4216.4 4132.4 4085.0 29

 30 Other 2592.2 2627.8 2910.2 3181.9 2706.6 2218.1 2114.9 2007.7 30

 31 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

 32 Miscellaneous liabilities 138.5 150.5 168.9 207.0 269.2 153.4 130.2 124.1 32

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.124) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.124 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 1

 2 Home mortgages 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 1216.8 1321.8 2

 3 Multifamily residential mortgages 101.3 88.8 88.1 92.8 105.7 66.9 86.4 113.4 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.8 3.2 4.5 4.7 4.5 3.8 1.7 1.9 5

 6 Total pool securities (liabilities)(2) 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 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 are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.123). 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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80 Historical Annuals, 2005-2012, December 9, 2013

L.125 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 3390.1 4158.4 4511.7 4098.5 3285.4 2230.9 1983.9 1769.4 1

 2 Treasury securities 27.7 61.1 85.8 72.2 53.9 40.1 29.2 23.4 2

 3 Agency- and GSE-backed securities (1) 309.1 331.7 349.8 323.7 99.6 3.6 0.3 0.3 3

 4 Other loans and advances 188.3 253.4 341.9 379.8 252.2 167.8 162.4 161.7 4

 5 Mortgages (2) 2155.2 2786.8 2970.1 2617.0 2246.0 1917.2 1698.3 1492.9 5

 6 Home 1649.0 2172.6 2212.6 1899.3 1575.8 1300.4 1107.5 926.2 6

 7 Multifamily residential 89.4 102.5 123.9 113.1 107.0 98.4 90.7 81.1 7

 8 Commercial 416.8 511.8 633.6 604.7 563.3 518.4 500.1 485.6 8

 9 Consumer credit 609.9 617.2 652.5 610.2 572.5 50.3 46.2 49.9 9

 10 Trade credit 99.8 108.3 111.7 95.5 61.3 51.8 47.6 41.2 10

 11 Total liabilities 3394.2 4162.0 4514.8 4101.2 3287.7 2230.9 1983.9 1769.4 11

 12 Commercial paper 674.4 837.4 643.1 559.3 293.1 120.2 96.0 87.0 12

 13 Corporate bonds (net) (3) 2719.8 3324.6 3871.7 3542.0 2994.7 2110.7 1887.9 1682.4 13

 Memo:

 Securitized assets not included above

 14 Consumer leases (4) 4.2 3.6 3.1 2.7 2.3 0.0 0.0 0.0 14

 15 REIT assets (5) 107.3 110.0 92.1 45.4 20.1 20.5 17.4 12.9 15

 Securitized liabilities not included above

 16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 112.9 120.6 87.5 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

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

 The leased automobile is a nonfinancial asset.

(5) Included in table L.127.

(6) Included in table L.110 line 43.

L.126 Finance Companies (1)

Billions of dollars

 1 Total financial assets 1856.9 1891.3 1911.2 1851.7 1662.5 1588.5 1569.3 1493.7 1

 2 Checkable deposits and currency 17.4 15.8 16.2 16.5 17.0 26.5 31.7 27.8 2

 3 Time and savings deposits 52.2 47.4 48.6 49.4 51.0 79.6 95.0 83.5 3

 4 Credit market instruments 1740.6 1809.1 1834.3 1769.4 1549.7 1405.4 1363.2 1331.6 4

 5 Corporate and foreign bonds 203.5 184.8 189.4 192.4 198.6 84.1 85.0 78.7 5

 6 Other loans and advances 479.2 498.0 523.0 539.9 448.9 372.7 379.4 393.7 6

 7 Mortgages 541.4 594.3 549.9 482.9 430.3 243.5 211.2 179.5 7

 8 Consumer credit 516.5 531.9 572.1 554.3 471.9 705.0 687.6 679.8 8

 9 Miscellaneous assets 46.7 18.9 12.1 16.4 44.8 77.0 79.4 50.7 9

 10 Total liabilities 1828.3 1876.8 1949.6 1880.5 1630.3 1558.7 1532.7 1445.6 10

 11 Credit market instruments 1108.6 1144.2 1279.6 1200.3 1044.1 1280.7 1261.9 1205.1 11

 12 Open market paper 160.0 165.3 123.5 100.9 62.1 111.0 121.0 129.1 12

 13 Corporate bonds 806.5 849.7 974.1 924.5 837.5 1078.2 1038.8 957.5 13

 14 Depository institution loans n.e.c. 142.1 129.2 182.0 174.9 144.5 91.5 102.1 118.5 14

 15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 16 Taxes payable 16.9 17.0 15.5 15.4 12.7 6.0 6.7 6.7 16

 17 Miscellaneous liabilities 702.8 715.7 654.4 664.8 573.6 271.9 264.1 233.8 17

 18 Foreign direct investment in U.S. 38.8 51.1 68.6 78.1 90.0 114.7 96.1 96.3 18

 19 Investment by parent 312.2 338.5 321.4 313.0 280.5 175.7 163.7 162.8 19

 20 Other 351.8 326.0 264.4 273.7 203.1 -18.4 4.3 -25.3 20

 Memo:

 21 Consumer leases not included above (2) 85.3 106.0 122.9 111.1 85.4 111.8 119.7 144.0 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.125.
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Historical Annuals, 2005-2012, December 9, 2013 81

L.127 Real Estate Investment Trusts (REITs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 305.8 344.5 318.5 250.6 241.2 283.0 401.3 559.0 1

 2 Checkable deposits and currency 13.6 18.4 16.6 18.4 26.3 23.5 25.6 33.1 2

 3 Credit market instruments 240.3 266.4 246.5 177.6 168.9 206.0 308.9 436.6 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.1 143.3 244.7 356.2 4

 5 Corporate and foreign bonds 53.0 64.6 34.4 11.7 15.5 20.8 22.1 32.2 5

 6 Mortgages 146.7 136.3 123.1 76.3 48.3 41.9 42.1 48.3 6

 7 Home 127.9 104.2 80.7 34.3 12.6 8.9 8.1 13.6 7

 8 Multifamily residential 1.9 5.0 5.2 4.3 2.3 1.9 1.7 1.8 8

 9 Commercial 16.8 27.1 37.3 37.7 33.4 31.2 32.3 32.8 9

 10 Miscellaneous assets 51.9 59.7 55.4 54.6 46.1 53.5 66.8 89.3 10

 11 Total liabilities 534.2 571.8 580.5 511.6 458.8 501.7 633.2 796.4 11

 12 Security repurchase agreements 83.5 97.9 91.7 79.4 90.4 120.5 215.4 318.7 12

 13 Credit market instruments 395.5 411.0 421.2 367.4 317.4 315.2 343.4 386.3 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds 216.7 230.6 231.3 171.0 129.8 129.7 145.1 171.2 15

 16 Depository institution loans n.e.c. 33.3 28.4 33.2 32.8 20.7 18.5 22.1 23.4 16

 17 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 191.8 17

 18 Miscellaneous liabilities 55.3 63.0 67.6 64.9 51.1 66.0 74.4 91.4 18

 Memo:

 19 Securitized assets included above 107.3 110.0 92.1 45.4 20.1 20.5 17.4 12.9 19

 20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 21 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.2 6.5 10.0 21

 22 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 0.3 0.3 22

 23 Commercial mortgages 4.7 17.0 19.3 13.2 13.7 13.0 10.7 2.5 23

(1) Additional detail on financial assets and liabilities for equity and mortgage REITs is available on L.127.e and L.127.m.
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82 Historical Annuals, 2005-2012, December 9, 2013

L.128 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 2127.1 2741.7 3092.0 2217.2 2084.2 2075.1 1949.7 2068.3 1

 2 Checkable deposits and currency 56.5 80.5 105.0 120.1 90.7 96.9 111.8 128.2 2

 3 Credit market instruments 477.2 583.4 803.1 717.4 525.3 557.5 563.2 652.3 3

 4 Open market paper 60.2 64.3 87.1 65.7 41.5 36.2 42.1 29.9 4

 5 Treasury securities -64.6 -67.0 -85.0 190.6 123.0 94.5 183.6 246.5 5

 6 Agency- and GSE-backed securities 101.0 138.0 315.2 242.6 110.9 149.8 147.7 169.6 6

 7 Municipal securities 42.9 50.9 50.1 38.7 35.4 40.0 30.9 26.6 7

 8 Corporate and foreign bonds 315.7 355.5 382.8 123.8 154.4 189.5 104.5 140.0 8

 9 Other loans and advances 22.0 41.7 52.8 55.9 60.1 47.4 54.3 39.6 9

 10 Corporate equities 158.3 186.4 224.8 109.2 124.2 117.2 103.2 126.7 10

 11 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 11

 12 Miscellaneous assets 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 932.6 857.4 12

 13 Total liabilities 2052.6 2669.1 3019.4 2158.1 1977.7 1975.8 1869.0 1976.3 13

 14 Security repurchase agreements (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 215.3 189.2 14

 15 Credit market instruments 62.4 68.8 64.8 142.6 92.9 129.7 91.8 90.2 15

 16 Corporate bonds 62.4 68.8 64.8 97.1 92.9 129.7 91.8 90.2 16

 17 Depository institution loans n.e.c. (1) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 17

 18 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 14.3 14.2 18

 19 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 1073.7 1208.7 19

 20 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 752.4 776.0 20

 21 From U.S.-chartered depository institutions 95.6 116.5 145.9 158.6 158.0 152.3 189.6 243.0 21

 22 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 131.7 189.7 22

 23 Taxes payable 2.1 2.8 2.2 2.5 5.7 3.6 2.5 3.1 23

 24 Miscellaneous liabilities 405.5 519.5 558.4 441.4 450.0 483.0 471.4 470.9 24

 25 Foreign direct investment in U.S. 49.9 61.0 62.6 72.1 64.4 88.5 96.3 103.5 25

 26 Investment by parent companies 524.1 551.0 567.5 672.1 1119.3 1122.9 1163.3 1630.9 26

 27 Other -168.5 -92.5 -71.7 -302.8 -733.7 -728.3 -788.1 -1263.5 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
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Historical Annuals, 2005-2012, December 9, 2013 83

L.129 Holding Companies (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 1651.5 1937.9 2141.3 2430.3 3317.2 3312.7 3357.3 4319.6 1

 2 Time and savings deposits 1.4 1.6 0.8 0.7 11.2 10.0 12.4 37.8 2

 3 Federal funds and security repos 8.5 9.5 6.9 0.3 48.2 50.3 50.5 11.5 3

 4 Credit market instruments 32.2 36.0 59.1 73.0 75.8 97.9 101.1 219.5 4

 5 Treasury securities 1.1 2.5 7.1 3.1 5.8 19.6 26.8 9.0 5

 6 Agency- and GSE-backed securities 11.2 11.2 9.9 25.8 24.3 21.1 33.1 25.2 6

 7 Corporate and foreign bonds 11.8 16.7 35.9 35.8 31.1 38.3 18.3 79.9 7

 8 Other loans and advances 8.1 5.6 6.3 8.2 14.6 18.9 22.9 105.3 8

 9 Life insurance reserves 0.0 15.2 20.5 19.3 21.4 25.1 27.6 34.9 9

 10 Miscellaneous assets 1609.4 1875.8 2054.0 2337.0 3160.6 3129.4 3165.9 4015.8 10

 11 Net trans. with depository subs. 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 11

 12 Net trans. with property-casualty ins. co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22.4 12

 13 Net trans. with life insurance company subs. 35.6 38.3 43.7 31.2 40.5 62.7 72.0 12.6 13

 14 Net trans. with finance company subs. 195.2 198.5 239.9 232.6 209.3 115.0 94.6 94.1 14

 15 Net trans. with broker and dealer subs. 110.2 114.5 57.0 155.2 596.1 626.6 613.5 1062.2 15

 16 Net trans. with foreign subs. 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 16

 17 Other 251.6 313.2 345.9 446.0 590.3 556.7 510.4 820.7 17

 18 Total liabilities 706.4 863.4 1046.6 1231.5 1802.2 1760.0 1703.1 2252.4 18

 19 Federal funds and security repos 9.1 10.3 7.7 0.7 0.6 0.8 1.2 0.0 19

 20 Credit market instruments 481.8 558.7 710.6 807.9 1253.7 1237.2 1220.8 1418.6 20

 21 Commercial paper 57.1 81.7 116.7 77.7 60.8 64.7 75.9 116.4 21

 22 Corporate bonds 372.4 421.5 516.0 638.9 1028.7 982.2 890.6 1105.3 22

 23 Depository institution loans n.e.c. 52.3 55.4 77.9 91.3 164.2 190.3 254.3 196.8 23

 24 Miscellaneous liabilities 215.5 294.4 328.3 422.9 548.0 522.0 481.1 833.8 24

(1) Parent only bank holding companies and savings and loan holding companies that file the Federal Reserve Board form FR Y-9LP, FR Y-9SP, or FR 2320.
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84 Historical Annuals, 2005-2012, December 9, 2013

L.130 Funding Corporations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 1329.5 1388.2 1738.4 2687.6 2237.2 2119.7 2046.2 2088.2 1

 2 Money market fund shares 366.8 334.4 652.3 905.9 752.1 604.1 515.0 502.2 2

 3 Security repurchase agreements 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 3

 4 Credit market instruments 360.0 420.0 334.7 988.2 733.5 821.2 843.6 891.1 4

 5 Open market paper 281.9 345.5 143.9 285.1 0.3 39.6 31.8 6.3 5

 6 Corporate and foreign bonds 67.5 60.4 170.0 667.3 710.2 760.1 792.4 871.9 6

 7 Other loans and advances 10.6 14.1 20.8 35.9 22.9 21.4 19.4 12.9 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 8

 9 Miscellaneous assets 602.8 633.9 751.5 793.5 726.3 667.9 687.6 694.8 9

 10 Investment in foreign banking offices 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 10

 11 Investment in brokers and dealers 414.0 436.5 510.5 516.9 523.2 496.4 549.7 568.8 11

 12 Total liabilities 1329.5 1388.2 1738.4 2687.6 2237.2 2119.7 2046.2 2088.2 12

 13 Credit market instruments 619.9 645.3 786.4 1252.8 816.8 704.2 651.8 593.5 13

 14 Open market paper 274.5 278.3 367.9 388.0 261.7 167.1 94.3 29.0 14

 15 Corporate bonds 345.3 367.0 418.5 419.9 457.8 454.6 526.2 561.5 15

 16 Depository institution loans n.e.c. (3) 0.0 0.0 0.0 444.9 95.3 73.4 21.5 0.0 16

 17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 9.2 9.8 3.0 17

 18 Miscellaneous liabilities 709.7 742.9 952.0 1434.8 1420.4 1415.5 1394.4 1494.6 18

 19 Foreign direct investment in U.S. 8.4 9.0 9.6 10.2 10.8 11.4 12.0 12.6 19

 20 Securities loaned (net) 939.7 1242.3 1240.2 887.0 856.8 733.4 658.7 579.5 20

 21 Equity interest under PPIP 0.0 0.0 0.0 0.0 1.8 7.7 8.8 8.7 21

 22 Other (net) -238.5 -508.4 -297.9 537.6 550.9 663.0 714.9 893.7 22

(1) Funding subsidiaries, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
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Historical Annuals, 2005-2012, December 9, 2013 85

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 61.1 62.2 67.3 74.2 175.1 175.8 183.8 181.8 1

 2 Federal government: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 2

 3 Rest of the world 54.1 54.9 59.5 66.6 119.7 121.4 129.6 127.5 3

 4 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 4

 5 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 12.5 22.8 22.6 5

 6 Foreign currency holdings 37.8 40.9 45.8 49.6 50.5 52.1 51.9 49.9 6

 7 Total assets 72.1 73.3 78.3 85.2 186.1 186.8 194.9 192.8 7

 8 Federal government 35.3 34.5 36.4 41.9 94.6 95.4 103.9 102.8 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 10

 11 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 12.6 23.0 22.8 11

 12 Foreign currency holdings 18.9 20.5 22.5 24.8 25.2 26.0 25.8 24.9 12

 13 Rest of the world: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 13

 14 Monetary authority 29.9 31.4 34.2 35.7 36.2 37.0 36.8 35.8 14

 15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

 16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.3 -0.2 16

 17 Foreign currency holdings 18.9 20.5 23.3 24.8 25.3 26.1 26.0 25.0 17

 18 Discrepancy: monetary gold -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

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 3

 4 Asset: Monetary authority 36.5 38.2 38.7 38.7 42.7 43.5 44.2 44.8 4

 5 Discrepancy (seigniorage) -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 -18.3 -18.8 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 997.8 1085.0 1340.9 946.7 835.9 826.6 780.3 750.1 1

 Held by:

 2 Household sector 59.9 65.2 80.5 56.9 50.2 49.7 46.9 45.1 2

 3 Nonfinancial corporate business 63.6 49.3 50.3 24.7 31.5 40.6 34.8 13.4 3

 4 Money market mutual funds 75.8 65.8 100.2 85.6 97.1 105.9 42.9 43.3 4

 5 Discrepancy--unallocated assets 798.5 904.7 1110.0 779.5 657.0 630.4 655.6 648.3 5
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86 Historical Annuals, 2005-2012, December 9, 2013

L.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 69.7 71.1 20.5 1761.1 1220.0 1070.7 1889.2 1718.0 1

 2 Monetary authority 69.1 70.4 75.8 917.7 1031.9 1020.8 1623.1 1562.1 2

 3 U.S.-chartered depository institutions 279.9 369.9 486.4 1133.0 645.9 431.1 165.0 69.6 3

 4 Foreign banking offices in U.S. -216.2 -304.8 -478.7 -220.5 -376.8 -343.2 164.0 156.9 4

 5 Banks in U.S.-affiliated areas -3.0 -2.9 -2.6 -3.2 -4.2 -3.3 -4.6 -4.9 5

 6 Credit unions -60.1 -61.4 -60.3 -65.9 -76.8 -34.7 -58.4 -65.7 6

 7 Total assets 106.8 112.1 56.8 1763.8 1212.4 1043.8 1860.7 1663.8 7

 8 Rest of the world 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 8

 9 Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 -0.4 9

 10 U.S.-chartered depository institutions 68.2 69.8 74.8 674.1 725.0 633.1 866.0 869.6 10

 11 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 711.0 638.8 11

 12 Credit unions 0.0 0.0 0.0 4.7 22.8 36.9 46.1 53.8 12

 13 Discrepancy -37.0 -41.0 -36.3 -2.7 7.6 26.9 28.4 54.3 13

 Memo:

 Vault cash:

 14 Liab.: Monetary authority 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 14

 15 Asset: U.S.-chartered depository institutions 50.1 51.7 55.0 57.7 54.9 52.7 60.8 71.1 15

 16 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Depository institution reserves:

 17 Liab.: Monetary authority 19.0 18.7 20.8 860.0 977.0 968.1 1562.3 1491.0 17

 18 Asset: U.S.-chartered depository institutions 18.1 18.1 19.8 616.4 670.1 580.4 805.2 798.5 18

 19 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 711.0 638.8 19

 20 Credit unions 0.0 0.0 0.0 4.7 22.8 36.9 46.1 53.8 20

 Other transactions with the monetary authority

 21 Liab: U.S.-chartered depository institutions 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 -0.4 21

 22 Asset: Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 -0.4 -0.4 22

 23 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 -0.6 -0.5 23

 24 Loans to member banks 0.1 0.1 48.6 559.7 96.6 0.2 0.2 0.1 24

 Transactions with banks in foreign countries (net):

 25 Liab.: U.S.-chartered depository institutions (net) 298.6 397.5 447.3 552.1 498.6 420.1 110.9 23.0 25

 26 Due to foreign affiliates 512.6 611.1 684.9 853.5 803.3 824.8 602.6 403.6 26

 27 - Due from foreign affiliates 214.1 213.6 237.6 301.4 304.7 404.6 491.7 380.6 27

 28 Foreign banking offices in U.S. (net) -250.6 -358.0 -500.2 -263.6 -413.2 -376.1 135.9 84.3 28

 29 Due to foreign affiliates 587.6 685.6 764.6 812.9 787.3 841.2 1137.9 1047.9 29

 30 - Due from foreign affiliates 838.3 1043.6 1264.8 1076.5 1200.5 1217.3 1002.0 963.6 30

 31 Less: Deposits at foreign banks 33.4 22.9 35.7 31.3 21.7 35.3 22.9 20.3 31

 32 U.S.-chartered depository institutions 14.8 13.6 21.5 26.7 11.3 18.2 14.3 11.0 32

 33 Foreign banking offices in U.S. 18.6 9.3 14.1 4.7 10.4 17.0 8.6 9.3 33

 34 Plus: Loans from foreign banks 22.1 25.5 21.0 30.7 22.3 15.5 14.2 15.1 34

 35 U.S.-chartered depository institutions 5.1 7.5 7.7 11.7 9.7 6.3 6.7 6.4 35

 36 Foreign banking offices in U.S. 17.0 18.0 13.3 19.0 12.6 9.2 7.5 8.6 36

 37 Asset: Rest of the world (1) 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 37

 Transactions between U.S. depository institutions (net) (2):

 38 U.S.-chartered depository institutions (net) -9.9 -21.2 4.3 37.7 54.5 24.1 62.2 51.6 38

 39 Due to (3): 123.2 129.9 147.0 135.0 135.6 110.6 135.0 174.2 39

 40 Foreign banking offices in U.S. 97.1 106.6 120.4 68.5 46.9 45.7 43.7 49.3 40

 41 Banks in U.S.-affiliated areas 3.0 2.9 2.6 3.2 4.2 3.3 4.6 4.9 41

 42 Credit unions 60.1 61.4 60.3 65.9 76.8 34.7 58.4 65.7 42

 43 - Due from: Foreign banking offices in U.S. 133.1 151.1 142.7 97.3 81.1 86.5 72.8 122.6 43

 44 Unallocated (2) -37.0 -41.0 -36.3 -2.7 7.6 26.9 28.4 54.3 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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Historical Annuals, 2005-2012, December 9, 2013 87

L.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2857.8 1

 2 Monetary authority 750.8 774.3 792.1 1220.3 1102.7 1287.8 1165.7 1224.6 2

 3 Federal government cash and deposits 4.8 5.0 16.4 365.7 191.9 340.9 85.9 92.9 3

 4 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 64.6 27.2 4

 5 Deposits due to foreign 0.1 0.1 0.1 1.4 2.4 3.4 0.2 6.5 5

 6 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 1015.0 1098.1 6

 7 U.S.-chartered depository institutions 672.7 637.1 639.6 777.5 871.6 941.1 1260.5 1435.6 7

 8 Federal government deposits 33.9 28.0 42.9 3.5 3.8 3.6 1.0 1.3 8

 9 Deposits due to foreign 17.4 26.8 31.7 62.9 34.3 30.4 56.1 51.8 9

 10 Private domestic deposits 621.5 582.3 564.9 711.1 833.5 907.0 1203.5 1382.4 10

 11 Foreign banking offices in U.S. 9.3 9.3 11.8 13.5 16.1 21.9 45.6 61.8 11

 12 Deposits due to foreign 2.3 2.1 2.3 4.7 10.5 14.6 19.0 27.9 12

 13 Private domestic deposits 7.0 7.2 9.5 8.8 5.6 7.3 26.6 33.9 13

 14 Banks in U.S.-affiliated areas 13.3 14.0 15.7 14.6 16.1 16.6 19.4 21.9 14

 15 Credit unions 81.1 72.6 73.7 75.3 86.9 92.4 103.1 113.9 15

 16 Total assets 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 2594.3 2857.8 16

 17 Household sector 285.8 239.6 153.2 294.9 400.6 425.2 754.3 828.4 17

 18 Nonfinancial business 642.1 599.6 658.8 603.6 689.3 766.1 793.2 899.1 18

 19 Corporate 268.0 150.8 143.2 84.2 155.0 234.6 264.3 356.4 19

 20 Noncorporate 374.1 448.8 515.6 519.4 534.3 531.5 528.9 542.7 20

 21 State and local governments 66.2 71.6 71.4 79.9 99.1 104.6 121.3 117.7 21

 22 Federal government 36.8 32.9 56.5 368.0 193.6 342.1 84.3 92.0 22

 23 Rest of the world 300.1 311.6 306.1 370.1 361.0 390.5 472.3 540.4 23

 24 Checkable deposits 19.7 28.9 34.2 69.0 47.2 48.4 75.2 86.2 24

 25 Currency 280.4 282.6 272.0 301.1 313.8 342.1 397.1 454.2 25

 26 Financial sectors 186.9 244.5 276.8 378.3 343.6 325.6 362.4 373.3 26

 27 Property-casualty insurance companies 21.0 29.9 42.7 27.9 27.6 32.6 24.1 36.4 27

 28 Life insurance companies 47.7 56.1 58.3 82.8 50.7 51.7 53.7 56.4 28

 29 Private pension funds 10.8 17.5 18.8 13.4 10.4 12.6 18.3 18.0 29

 30 State and local govt. retirement funds 6.1 3.4 3.6 3.5 3.5 4.1 4.5 4.3 30

 31 Money market mutual funds -0.9 6.6 1.9 7.5 17.9 14.2 20.1 16.5 31

 32 Government-sponsored enterprises 14.6 16.4 13.7 88.3 99.4 63.4 72.7 52.6 32

 33 Finance companies 17.4 15.8 16.2 16.5 17.0 26.5 31.7 27.8 33

 34 REITs 13.6 18.4 16.6 18.4 26.3 23.5 25.6 33.1 34

 35 Brokers and dealers 56.5 80.5 105.0 120.1 90.7 96.9 111.8 128.2 35

 36 Mail float 9.2 7.5 10.0 6.4 6.3 5.7 6.5 7.0 36
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88 Historical Annuals, 2005-2012, December 9, 2013

L.205 Time and Savings Deposits 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 6490.6 7126.7 7746.4 8088.8 8432.5 8548.1 8952.2 9463.8 1

 2 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 7202.2 7803.9 2

 3 U.S.-chartered depository institutions 4111.6 4418.3 4664.0 5144.6 5617.0 5888.6 6425.7 6979.3 3

 4 Foreign banking offices in U.S. 10.0 18.6 25.5 25.6 29.9 35.7 48.9 62.7 4

 5 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 5

 6 Credit unions 452.5 483.0 508.7 551.7 655.2 681.3 708.7 743.1 6

 7 Large time deposits (1) 1892.4 2181.6 2521.9 2339.5 2105.9 1923.2 1750.0 1659.9 7

 8 U.S.-chartered depository institutions 1225.0 1364.4 1429.6 1365.6 1029.9 896.1 882.9 803.0 8

 9 Foreign banking offices in U.S. 580.9 727.0 996.2 876.2 1024.2 977.7 814.6 798.4 9

 10 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 18.9 18.8 10

 11 Credit unions 62.5 65.0 69.9 70.4 27.3 30.1 33.5 39.7 11

 12 Total assets 6490.6 7126.7 7746.4 8088.8 8432.5 8548.1 8952.2 9463.8 12

 13 Household sector 4974.1 5493.2 5983.6 6239.3 6330.8 6455.9 6827.9 7204.4 13

 14 Nonfinancial business 774.5 841.4 800.7 670.0 842.1 905.0 921.9 951.2 14

 15 Corporate 450.4 497.0 441.3 311.9 488.8 548.7 561.9 586.8 15

 16 Noncorporate 324.1 344.4 359.3 358.1 353.3 356.2 359.9 364.4 16

 17 State and local governments 169.9 186.8 220.0 238.9 248.1 241.3 255.7 289.8 17

 18 Federal government 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 18

 19 Rest of the world 213.5 247.5 288.2 366.7 293.5 302.5 349.7 386.5 19

 20 Financial sectors 357.2 356.1 451.1 572.4 716.1 641.5 595.4 629.9 20

 21 Private pension funds 62.2 30.4 34.3 30.2 33.0 32.1 33.4 31.6 21

 22 State and local govt. retirement funds 14.7 23.6 26.6 26.9 28.5 34.9 38.5 37.2 22

 23 Money market mutual funds 191.3 219.3 294.0 396.8 566.6 458.9 402.7 435.4 23

 24 Government-sponsored enterprises 35.3 33.9 46.6 68.5 25.7 26.1 13.4 4.3 24

 25 Finance companies 52.2 47.4 48.6 49.4 51.0 79.6 95.0 83.5 25

 26 Holding companies 1.4 1.6 0.8 0.7 11.2 10.0 12.4 37.8 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

 1 Total assets 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 1

 2 Household sector 942.7 1106.8 1346.7 1581.8 1313.2 1129.7 1109.9 1106.7 2

 3 Nonfinancial corporate business 352.2 421.3 548.5 727.0 655.5 497.8 462.4 458.3 3

 4 Nonfinancial noncorporate business 69.0 72.2 74.3 75.4 73.7 76.8 77.6 78.6 4

 5 State and local governments 89.9 105.2 123.1 125.7 135.5 149.3 149.2 141.7 5

 6 Rest of the world 23.0 27.0 46.0 69.7 76.9 69.8 79.5 116.4 6

 7 Property-casualty insurance companies 12.8 13.5 20.7 32.8 29.6 25.6 20.0 23.8 7

 8 Life insurance companies 13.5 23.3 21.6 39.2 33.7 21.0 28.8 27.5 8

 9 Private pension funds 86.7 144.2 151.1 156.2 147.4 137.3 154.1 150.0 9

 10 State and local govt. retirement funds 36.6 48.5 48.9 43.7 40.9 44.0 46.0 44.5 10

 11 Funding corporations 366.8 334.4 652.3 905.9 752.1 604.1 515.0 502.2 11
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Historical Annuals, 2005-2012, December 9, 2013 89

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 2254.1 2836.4 2928.9 1784.0 2043.4 2025.2 1970.8 1976.8 1

 2 Rest of the world 482.1 664.4 770.7 508.4 530.5 731.8 808.0 847.7 2

 3 Monetary authority 30.5 29.6 44.0 88.4 77.7 59.7 99.9 107.2 3

 4 Private depository institutions (net) 889.8 937.1 844.6 503.8 859.0 694.7 619.8 499.6 4

 5 U.S.-chartered depository institutions (net) 689.9 691.1 620.4 364.3 681.3 462.3 355.0 212.4 5

 6 Foreign banking offices in U.S. (net) 206.6 251.1 226.7 137.2 177.8 232.4 280.7 296.9 6

 7 Credit unions (net) -6.7 -5.1 -2.5 2.3 -0.1 -0.0 -15.9 -9.7 7

 8 Property-casualty insurance companies 1.3 1.2 0.5 2.4 0.6 1.5 0.4 0.8 8

 9 Life insurance companies 20.9 21.2 20.2 12.9 12.4 10.3 10.4 13.5 9

 10 Government-sponsored enterprises 3.3 2.9 2.3 1.3 1.2 1.3 0.4 0.0 10

 11 REITs 83.5 97.9 91.7 79.4 90.4 120.5 215.4 318.7 11

 12 Brokers and dealers (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 215.3 189.2 12

 13 Holding companies 9.1 10.3 7.7 0.7 0.6 0.8 1.2 0.0 13

 14 Total assets 1518.7 1888.7 2207.9 1641.6 1520.5 1611.3 1673.5 1874.1 14

 15 Nonfinancial corporate business 14.6 15.5 8.1 7.2 7.9 12.1 12.6 10.3 15

 16 State and local governments 130.0 135.7 141.8 129.8 125.5 124.2 117.7 111.7 16

 17 Rest of the world 713.3 1029.0 1109.1 623.3 561.5 635.8 763.1 765.7 17

 18 Monetary authority 46.8 40.8 46.5 80.0 0.0 0.0 0.0 0.0 18

 19 Property-casualty insurance companies 2.7 1.9 3.6 4.4 4.5 3.8 1.7 1.9 19

 20 Life insurance companies 2.6 2.6 2.7 8.0 10.2 10.9 10.1 8.5 20

 21 Private pension funds 22.1 3.5 3.7 2.8 2.9 2.7 2.7 2.6 21

 22 State and local govt. retirement funds 7.0 3.1 3.3 3.0 3.0 3.4 3.6 3.5 22

 23 Money market mutual funds 345.6 394.8 605.9 542.4 480.0 479.4 490.5 544.7 23

 24 Mutual funds 115.4 132.8 132.2 124.7 153.3 137.5 108.7 262.7 24

 25 Government-sponsored enterprises 110.3 119.6 144.1 115.8 123.3 151.2 112.3 150.8 25

 26 Holding companies 8.5 9.5 6.9 0.3 48.2 50.3 50.5 11.5 26

 27 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 27

 28 Discrepancy--unallocated assets 735.3 947.7 721.0 142.4 522.9 413.9 297.3 102.7 28
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90 Historical Annuals, 2005-2012, December 9, 2013

L.208 Open Market Paper

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total outstanding, all types 1644.2 1958.4 1788.9 1599.8 1138.0 1057.6 969.3 952.4 1

 2 Commercial paper 1640.1 1957.5 1788.1 1599.3 1137.4 1057.5 969.2 952.4 2

 3 Nonfinancial corporate business 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 3

 4 Foreign issues in U.S. 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 4

 5 Nonfinancial 29.0 27.0 29.0 49.7 34.5 30.6 30.2 40.4 5

 6 Financial 355.0 455.3 384.0 292.3 366.8 368.0 314.9 332.6 6

 7 Financial business 1166.1 1362.7 1251.3 1125.8 677.6 575.9 507.8 449.1 7

 8 U.S.-chartered depository institutions 0.0 0.0 0.0 0.0 0.0 112.9 120.6 87.5 8

 9 ABS issuers 674.4 837.4 643.1 559.3 293.1 120.2 96.0 87.0 9

 10 Finance companies 160.0 165.3 123.5 100.9 62.1 111.0 121.0 129.1 10

 11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 Holding companies 57.1 81.7 116.7 77.7 60.8 64.7 75.9 116.4 12

 13 Funding corporations 274.5 278.3 367.9 388.0 261.7 167.1 94.3 29.0 13

 14 Bankers’ acceptances (1) 4.1 0.9 0.8 0.5 0.6 0.1 0.1 0.0 14

 15 U.S.-chartered depository institutions 3.3 0.4 0.3 0.5 0.6 0.1 0.1 0.0 15

 16 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 16

 17 Holdings, by sector 1644.2 1958.4 1788.9 1599.8 1138.0 1057.6 969.3 952.4 17

 18 Household sector 98.4 117.5 107.3 6.0 22.7 21.1 19.4 19.0 18

 19 Nonfinancial corporate business 111.0 122.7 69.5 57.3 56.0 68.0 67.9 60.3 19

 20 State and local governments 153.2 151.9 149.5 127.5 88.5 101.5 90.7 86.1 20

 21 Rest of the world 239.6 286.3 278.1 232.9 191.5 191.0 191.7 195.2 21

 22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 23 U.S.-chartered depository institutions (1) 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 23

 24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Credit unions 0.8 1.0 0.4 0.0 0.0 0.0 0.0 0.0 25

 26 Property-casualty insurance companies 15.8 16.4 13.3 19.1 9.8 7.9 8.8 7.4 26

 27 Life insurance companies 24.4 28.7 41.7 38.3 49.8 40.9 29.7 43.6 27

 28 Private pension funds 31.5 47.8 50.2 44.3 45.3 42.6 44.7 42.3 28

 29 State and local govt. retirement funds 26.9 28.7 31.6 31.0 32.1 38.4 41.9 40.5 29

 30 Money market mutual funds 489.4 600.8 674.6 618.5 510.5 394.2 354.2 340.8 30

 31 Mutual funds 97.1 114.5 114.1 51.6 80.2 66.3 40.0 77.5 31

 32 Government-sponsored enterprises 13.8 32.4 27.7 6.8 9.7 9.9 6.5 3.4 32

 33 Brokers and dealers 60.2 64.3 87.1 65.7 41.5 36.2 42.1 29.9 33

 34 Funding corporations 281.9 345.5 143.9 285.1 0.3 39.6 31.8 6.3 34

(1) Excludes banks’ holdings of own acceptances.
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Historical Annuals, 2005-2012, December 9, 2013 91

L.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 11568.9 1

 2 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 2

 3 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 1519.5 1626.5 3

 4 Other Treasury securities 3512.2 3718.6 3903.3 4283.0 5802.8 7404.7 8723.7 9760.0 4

 5 Total assets 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 11568.9 5

 6 Household sector 430.9 332.5 212.6 194.7 867.8 1144.2 731.6 971.4 6

 7 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 7

 8 Bills and other Treasury securities 225.8 130.2 16.2 0.8 676.6 956.3 546.4 789.0 8

 9 Nonfinancial corporate business 52.1 45.5 38.3 30.5 43.0 48.0 43.0 50.2 9

 10 Nonfinancial noncorporate business 56.2 56.3 59.3 51.8 46.1 48.1 48.6 49.2 10

 11 State and local governments 512.2 570.5 647.8 601.4 584.1 590.9 545.4 536.2 11

 12 Rest of the world 1984.4 2126.2 2376.4 3253.0 3670.6 4458.8 5006.9 5573.8 12

 13 Treasury bills 259.8 250.9 300.5 758.0 750.4 710.3 647.7 664.0 13

 14 Other Treasury securities 1724.5 1875.3 2075.9 2495.0 2920.2 3748.5 4359.2 4909.8 14

 15 Monetary authority 744.2 778.9 740.6 475.9 776.6 1021.5 1663.4 1666.1 15

 16 Treasury bills 271.3 277.0 227.8 18.4 18.4 18.4 18.4 0.0 16

 17 Other Treasury securities 472.9 501.9 512.8 457.5 758.2 1003.1 1645.0 1666.1 17

 18 U.S.-chartered depository institutions 76.5 74.4 80.1 56.4 124.5 217.5 173.9 243.2 18

 19 Foreign banking offices in U.S. 27.8 26.8 30.4 35.5 57.5 60.9 60.5 76.6 19

 20 Banks in U.S.-affiliated areas 3.9 3.7 1.8 1.2 0.5 1.1 1.0 0.4 20

 21 Credit unions 7.7 7.4 10.4 8.8 14.2 20.1 17.6 19.3 21

 22 Property-casualty insurance companies 106.9 110.0 71.3 65.6 88.5 91.7 96.4 90.2 22

 23 Treasury bills 37.7 34.2 16.2 10.8 15.8 15.5 17.4 14.9 23

 24 Other Treasury securities 69.2 75.8 55.1 54.8 72.8 76.2 78.9 75.4 24

 25 Life insurance companies 95.4 87.9 70.6 105.7 133.5 156.6 175.4 179.6 25

 26 Treasury bills 4.3 4.7 2.3 20.1 13.9 10.2 14.0 9.5 26

 27 Other Treasury securities 91.2 83.2 68.3 85.6 119.6 146.4 161.4 170.1 27

 28 Private pension funds 116.5 139.8 141.0 147.4 182.4 215.6 243.4 291.1 28

 29 State and local govt. retirement funds 154.2 153.4 144.2 129.9 151.9 160.0 173.3 214.5 29

 30 Federal government retirement funds 67.8 76.4 87.7 112.4 119.8 129.8 147.7 160.0 30

 31 Money market mutual funds 88.6 82.6 178.2 577.7 406.4 335.4 443.3 457.8 31

 32 Treasury bills 69.8 63.3 136.9 478.7 318.5 234.5 263.7 282.8 32

 33 Other Treasury securities 18.8 19.4 41.3 98.9 87.9 100.9 179.7 175.0 33

 34 Mutual funds 158.5 158.3 159.8 177.3 249.2 368.3 450.1 572.6 34

 35 Closed-end funds 7.1 7.3 5.6 3.2 4.4 5.1 4.8 5.2 35

 36 Exchange-traded funds 9.7 13.1 19.7 27.1 41.8 51.0 62.4 63.6 36

 37 Government-sponsored enterprises 13.1 14.2 15.5 16.8 36.6 82.6 100.2 69.0 37

 38 ABS issuers 27.7 61.1 85.8 72.2 53.9 40.1 29.2 23.4 38

 39 Brokers and dealers -64.6 -67.0 -85.0 190.6 123.0 94.5 183.6 246.5 39

 40 Holding companies 1.1 2.5 7.1 3.1 5.8 19.6 26.8 9.0 40

 Memo:

 41 Federal government debt (1) 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 10453.6 11593.7 41

(1) Total Treasury securities (line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
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92 Historical Annuals, 2005-2012, December 9, 2013

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 7554.6 1

 2 Budget agencies 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 2

 3 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 6247.3 6092.7 3

 4 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 4

 5 Total assets 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 7577.4 7554.6 5

 6 Household sector 579.5 606.5 867.0 1052.4 350.5 343.5 316.5 184.5 6

 7 Nonfinancial corporate business 17.4 15.2 12.8 10.2 14.3 16.0 14.3 11.7 7

 8 State and local governments 413.3 452.3 496.6 478.4 488.1 510.6 497.9 472.9 8

 9 Federal government 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 9

 10 Rest of the world 1012.9 1263.6 1582.4 1406.9 1154.9 1084.0 1080.6 1004.3 10

 11 Monetary authority 0.0 0.0 0.0 19.7 1068.3 1139.6 941.7 1003.4 11

 12 U.S.-chartered depository institutions 1185.0 1217.3 1106.3 1242.5 1417.4 1527.2 1634.1 1669.7 12

 13 Foreign banking offices in U.S. 50.9 55.1 57.1 50.6 31.3 26.5 30.6 32.1 13

 14 Banks in U.S.-affiliated areas 34.8 29.0 26.3 24.4 20.5 12.8 4.8 2.6 14

 15 Credit unions 86.4 72.5 68.4 82.9 110.7 151.5 182.1 197.0 15

 16 Property-casualty insurance companies 117.9 122.0 125.8 114.3 116.2 115.8 122.7 113.6 16

 17 Life insurance companies 368.5 377.4 382.9 366.2 371.9 376.0 374.4 360.6 17

 18 Private pension funds 252.0 186.1 190.6 190.3 184.0 190.4 193.8 210.7 18

 19 State and local govt. retirement funds 184.6 194.4 191.2 160.6 157.6 159.4 166.5 200.1 19

 20 Federal government retirement funds 5.8 5.6 5.4 5.2 5.2 5.8 6.5 7.2 20

 21 Money market mutual funds 162.0 133.9 235.9 756.2 543.0 402.8 403.7 343.5 21

 22 Mutual funds 480.4 501.3 582.4 559.9 612.0 692.2 791.3 878.7 22

 23 Government-sponsored enterprises 751.1 714.0 702.9 910.0 924.5 377.0 358.9 310.6 23

 24 ABS issuers 309.1 331.7 349.8 323.7 99.6 3.6 0.3 0.3 24

 25 REITs 40.6 65.4 88.9 89.6 105.1 143.3 244.7 356.2 25

 26 Brokers and dealers 101.0 138.0 315.2 242.6 110.9 149.8 147.7 169.6 26

 27 Holding companies 11.2 11.2 9.9 25.8 24.3 21.1 33.1 25.2 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 Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 41.
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Historical Annuals, 2005-2012, December 9, 2013 93

L.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 1

 2 State and local governments 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 2

 3 Short-term (1) 42.5 34.3 51.2 55.8 63.6 63.0 52.3 56.1 3

 4 Long-term 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 2908.2 4

 5 Nonprofit organizations (2) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 5

 6 Nonfinancial corporate business 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 6

 (industrial revenue bonds)

 7 Total assets 3019.3 3189.3 3424.8 3517.2 3672.5 3772.1 3719.4 3714.4 7

 8 Household sector 1600.7 1635.6 1673.6 1720.9 1828.0 1871.7 1806.9 1654.7 8

 9 Nonfinancial corporate business 32.1 28.1 29.2 26.2 27.1 23.9 22.3 34.4 9

 10 Nonfinancial noncorporate business 4.4 5.8 5.3 4.9 5.1 5.6 5.7 5.8 10

 11 State and local governments 6.9 8.3 10.0 10.4 11.4 12.8 12.9 12.2 11

 12 Rest of the world 29.0 34.4 45.1 51.0 58.7 71.7 70.3 67.9 12

 13 U.S.-chartered depository institutions 166.1 190.1 202.0 221.9 224.3 254.6 297.3 363.1 13

 14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Banks in U.S.-affiliated areas 0.5 1.3 2.0 2.5 3.5 2.5 3.4 2.6 15

 16 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 3.2 4.2 16

 17 Property-casualty insurance companies 313.2 335.2 371.3 381.9 369.4 348.4 331.0 327.6 17

 18 Life insurance companies 32.5 36.6 41.4 47.1 73.1 112.3 121.8 131.4 18

 19 State and local govt. retirement funds 1.6 1.6 1.5 1.3 1.4 2.2 3.1 5.0 19

 20 Money market mutual funds 349.1 392.0 496.6 509.5 440.1 386.7 357.3 336.7 20

 21 Mutual funds 311.2 343.9 371.6 389.4 478.8 525.5 541.2 627.4 21

 22 Closed-end funds 89.3 89.3 91.2 77.9 81.2 81.5 82.5 85.7 22

 23 Exchange-traded funds 0.0 0.0 0.6 2.3 5.9 7.6 8.6 12.3 23

 24 Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 24.9 21.0 17.0 24

 25 Brokers and dealers 42.9 50.9 50.1 38.7 35.4 40.0 30.9 26.6 25

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

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
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94 Historical Annuals, 2005-2012, December 9, 2013

L.212 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 8852.3 10103.7 11577.3 11169.9 11654.2 11857.9 12151.7 12919.7 1

 2 Nonfinancial corporate business 3187.3 3406.1 3729.1 3954.5 4366.2 4804.8 5215.6 5795.2 2

 3 Rest of the world (1) 1011.6 1275.5 1587.1 1237.3 1570.3 1731.3 1939.9 2140.7 3

 4 Financial sectors 4653.4 5422.1 6261.2 5978.2 5717.7 5321.8 4996.2 4983.9 4

 5 U.S.-chartered depository institutions 130.4 159.9 184.8 184.8 176.3 436.8 415.8 415.8 5

 6 ABS issuers (net) (2) 2719.8 3324.6 3871.7 3542.0 2994.7 2110.7 1887.9 1682.4 6

 7 Finance companies 806.5 849.7 974.1 924.5 837.5 1078.2 1038.8 957.5 7

 8 REITs 216.7 230.6 231.3 171.0 129.8 129.7 145.1 171.2 8

 9 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 129.7 91.8 90.2 9

 10 Holding companies 372.4 421.5 516.0 638.9 1028.7 982.2 890.6 1105.3 10

 11 Funding corporations 345.3 367.0 418.5 419.9 457.8 454.6 526.2 561.5 11

 12 Total assets (3) 8852.3 10103.7 11577.3 11169.9 11654.2 11857.9 12151.7 12919.7 12

 13 Household sector 1344.5 1510.6 1961.4 1947.5 2310.7 2292.5 2425.8 2639.7 13

 14 State and local governments 131.4 144.0 158.4 152.8 156.1 163.5 159.6 151.5 14

 15 Federal government 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 15

 16 Rest of the world (4) 1762.9 2320.5 2719.1 2353.5 2465.3 2524.0 2484.0 2621.3 16

 17 MBS and other ABS 506.5 753.9 846.7 584.0 484.8 441.4 415.5 387.4 17

 18 Other 1256.4 1566.6 1872.5 1769.5 1980.5 2082.6 2068.5 2234.0 18

 19 U.S.-chartered depository institutions 492.8 564.0 715.5 652.4 668.2 550.5 553.0 551.6 19

 20 MBS and other ABS 236.4 268.3 383.7 314.6 262.9 174.9 150.1 149.1 20

 21 Other 255.5 295.1 330.9 335.9 404.1 374.0 401.8 401.6 21

 22 Foreign banking offices in U.S. 267.5 295.8 373.1 405.4 247.6 238.2 236.7 230.5 22

 23 Banks in U.S.-affiliated areas 0.8 0.4 0.5 0.5 2.0 0.6 4.2 5.2 23

 24 Credit unions 23.5 30.6 34.6 28.9 22.3 6.6 6.3 6.7 24

 25 MBS and other ABS 0.0 0.0 0.0 3.3 3.6 6.1 5.9 6.6 25

 26 Other 23.5 30.6 34.6 25.7 18.6 0.5 0.4 0.1 26

 27 Property-casualty insurance companies 262.8 277.0 282.9 267.5 298.3 322.6 363.1 379.8 27

 28 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 71.3 74.0 28

 29 Other 262.8 277.0 282.9 267.5 298.3 322.6 291.8 305.8 29

 30 Life insurance companies 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 2117.7 2150.6 30

 31 MBS and other ABS 0.0 0.0 0.0 0.0 0.0 0.0 434.9 410.6 31

 32 Other 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 1682.8 1740.0 32

 33 Private pension funds 290.0 349.9 371.6 374.6 360.0 443.4 488.0 440.2 33

 34 State and local govt. retirement funds 335.8 415.0 463.1 485.1 382.8 388.5 363.7 303.5 34

 35 Federal government retirement funds 4.4 4.8 6.3 5.8 5.7 5.9 7.3 8.3 35

 36 Money market mutual funds 259.5 360.9 376.8 228.0 169.9 154.2 105.1 102.1 36

 37 Mutual funds 660.1 764.4 886.5 956.2 1120.7 1243.0 1413.4 1719.4 37

 38 Closed-end funds 69.0 74.8 74.3 49.5 55.6 59.8 57.4 65.0 38

 39 Exchange-traded funds 5.3 7.6 13.8 27.7 55.4 74.1 107.7 155.3 39

 40 Government-sponsored enterprises 465.7 481.7 464.4 386.6 296.0 266.5 235.7 185.7 40

 41 MBS and other ABS 382.9 393.5 373.4 309.1 288.2 241.6 209.5 178.3 41

 42 Other 82.7 88.3 90.9 77.5 7.9 24.8 26.2 7.4 42

 43 Finance companies 203.5 184.8 189.4 192.4 198.6 84.1 85.0 78.7 43

 44 REITs 53.0 64.6 34.4 11.7 15.5 20.8 22.1 32.2 44

 45 Brokers and dealers 315.7 355.5 382.8 123.8 154.4 189.5 104.5 140.0 45

 46 Holding companies 11.8 16.7 35.9 35.8 31.1 38.3 18.3 79.9 46

 47 Funding corporations 67.5 60.4 170.0 667.3 710.2 760.1 792.4 871.9 47

(1) Holdings of foreign issues by U.S. residents.

(2) Liabilities net of assets.

(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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Historical Annuals, 2005-2012, December 9, 2013 95

L.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Issues at market value 20636.1 24339.3 25580.9 15640.5 20085.5 23565.4 23088.2 26427.2 1

 2 Nonfinancial corporate business 12686.6 14602.3 15730.7 10016.6 12512.2 14370.7 14500.8 16100.6 2

 3 Rest of the world (2) 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5390.5 3

 4 Financial corporations 4631.9 5408.0 4602.2 2875.4 3578.1 4294.5 4085.9 4936.0 4

 5 Holdings at market value 20636.1 24339.3 25580.9 15640.5 20085.5 23565.4 23088.2 26427.2 5

 6 Household sector 8152.1 10292.9 10118.3 5927.2 7491.9 8994.9 9049.9 10327.0 6

 7 State and local governments 116.1 132.9 141.6 90.8 111.5 125.8 122.7 130.3 7

 8 Federal government 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 8

 9 Rest of the world (3) 2039.1 2448.1 2811.3 1807.1 2476.7 2962.2 3035.3 3463.2 9

 10 Monetary authority 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 10

 11 U.S.-chartered depository institutions 62.9 79.8 88.8 33.8 63.6 73.6 67.4 87.1 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 12

 13 Property-casualty insurance companies 198.1 221.0 231.3 190.1 215.6 214.8 220.8 252.2 13

 14 Life insurance companies 1161.8 1364.8 1464.6 1001.7 1208.5 1402.6 1390.2 1545.1 14

 15 Private pension funds 2441.7 2151.2 2223.1 1380.4 1647.1 1938.3 1826.1 2039.7 15

 16 State and local govt. retirement funds 1628.8 1813.3 1935.7 1267.2 1617.8 1778.2 1693.0 1966.4 16

 17 Federal government retirement funds 110.9 135.6 145.7 83.7 116.8 140.9 134.4 148.1 17

 18 Mutual funds 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 4427.2 5107.0 18

 19 Closed-end funds 104.9 121.7 145.2 72.5 88.1 97.4 96.5 101.3 19

 20 Exchange-traded funds 285.8 402.0 573.7 474.0 670.0 854.1 863.8 1093.3 20

 21 Brokers and dealers 158.3 186.4 224.8 109.2 124.2 117.2 103.2 126.7 21

 22 Funding corporations 0.0 0.0 0.0 0.0 25.1 26.4 0.0 0.0 22

 Memo:

 23 Market value of domestic corporations (4) 16508.4 18999.5 19069.2 12012.4 14903.7 17281.7 17235.1 19376.1 23

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 19, 20, 21, and 22; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 1

 2 Holdings at market value 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 2

 3 Household sector 3625.7 4174.0 4683.0 3310.6 4115.8 4594.0 4449.2 5293.7 3

 4 Nonfinancial corporate business 134.4 173.2 178.0 106.3 162.0 186.8 165.9 181.7 4

 5 State and local governments 40.7 49.1 54.9 36.2 48.3 58.2 58.0 61.9 5

 6 Rest of the world 242.0 316.8 374.3 255.6 364.1 513.8 735.6 975.0 6

 7 U.S.-chartered depository institutions 17.4 24.5 29.6 19.6 46.1 45.0 41.7 59.2 7

 8 Credit unions 2.2 2.1 2.1 2.0 1.3 1.5 1.9 2.3 8

 9 Property-casualty insurance companies 7.2 13.0 11.7 7.6 9.5 10.2 9.1 11.8 9

 10 Life insurance companies 109.0 148.8 188.4 121.0 140.8 155.7 150.1 159.3 10

 11 Private pension funds 1585.4 1845.1 1995.4 1362.3 1827.5 2084.7 2052.8 2338.4 11

 12 State and local govt. retirement funds 281.7 318.4 305.2 166.7 205.2 223.2 206.9 240.3 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
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96 Historical Annuals, 2005-2012, December 9, 2013

L.215 Depository Institution Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 1583.7 1770.1 2094.5 2794.4 2062.5 2001.2 2147.8 2322.7 1

 2 Household sector -15.8 30.9 21.8 26.4 10.2 61.0 12.4 66.3 2

 3 Corporate business 591.0 613.1 715.9 780.1 546.0 480.9 549.8 609.5 3

 4 Noncorporate business 670.4 785.7 926.5 1046.1 944.0 923.7 980.4 1070.6 4

 5 Rest of the world 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 5

 6 Foreign official institutions 3.3 2.6 2.8 4.6 4.5 6.6 5.4 6.2 6

 7 Foreign banks 25.3 28.3 37.2 42.6 37.4 53.0 69.8 70.4 7

 8 Other foreign 81.8 96.5 97.2 105.2 95.6 102.4 130.0 161.0 8

 9 Financial sectors 227.7 213.0 293.1 789.5 424.7 373.7 399.9 338.7 9

 10 Finance companies 142.1 129.2 182.0 174.9 144.5 91.5 102.1 118.5 10

 11 REITs 33.3 28.4 33.2 32.8 20.7 18.5 22.1 23.4 11

 12 Brokers and dealers 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 12

 13 Holding companies 52.3 55.4 77.9 91.3 164.2 190.3 254.3 196.8 13

 14 Funding corporations 0.0 0.0 0.0 444.9 95.3 73.4 21.5 0.0 14

 15 Total assets 1583.7 1770.1 2094.5 2794.4 2062.5 2001.2 2147.8 2322.7 15

 16 Monetary authority (2) 0.0 0.0 0.0 490.4 142.8 98.1 30.5 0.6 16

 17 U.S.-chartered depository institutions 1222.2 1335.7 1551.9 1690.7 1431.3 1425.9 1589.6 1797.1 17

 18 Foreign banking offices in U.S. 316.2 386.3 493.9 561.5 435.5 424.2 467.1 463.4 18

 19 Banks in U.S.-affiliated areas 25.9 25.6 21.4 19.7 19.4 16.1 17.1 18.1 19

 20 Credit unions 19.5 22.5 27.3 32.1 33.4 36.9 43.5 43.6 20

(1) Excludes depository institution lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.108.
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L.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total other loans and advances 1821.9 1982.9 2510.6 2629.3 2098.1 1764.7 1773.3 1830.8 1

 2 U.S. government loans 106.7 107.3 105.2 111.3 177.4 180.9 185.8 188.3 2

 3 Liab.: Household sector 11.5 12.9 12.5 12.8 12.6 11.6 11.2 11.0 3

 4 Nonfinancial corporate business 10.0 11.2 10.9 15.3 74.9 70.6 70.1 75.3 4

 5 Nonfinancial noncorporate business 41.0 45.7 46.8 48.9 52.4 53.0 55.9 56.5 5

 6 State and local governments 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 6

 7 Rest of the world 33.7 26.4 23.1 21.6 21.9 22.1 23.5 26.7 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 Funding corporations 0.0 0.0 0.0 0.0 2.0 9.2 9.8 3.0 10

 11 Foreign loans to U.S. corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 146.2 11

 12 Liab.: Nonfinancial corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 146.2 12

 Customers’ liability on acceptances outstanding

 13 Asset: U.S.-chartered depository institutions 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 14 Foreign banking offices in U.S. 0.8 0.4 0.5 0.0 0.0 0.0 0.0 0.0 14

 15 Liab.: Nonfinancial corporate business 3.8 0.3 0.2 0.0 0.0 0.0 0.0 0.0 15

 16 Rest of the world 0.2 0.2 0.3 0.0 0.0 0.0 0.0 0.0 16

 17 Holding company loans 8.1 5.6 6.3 8.2 14.6 18.9 22.9 105.3 17

 18 Liab.: Nonfinancial corporate business 8.1 5.6 6.3 8.2 14.6 18.9 22.9 99.3 18

 19 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.1 19

 20 Policy loans (Household liability) 107.6 110.9 114.5 120.4 121.1 124.5 126.9 128.3 20

 21 Asset: Federal government 0.7 0.6 0.6 0.6 0.5 0.5 0.5 0.4 21

 22 Life insurance companies 106.9 110.2 113.9 119.8 120.6 124.0 126.5 127.8 22

 23 Government-sponsored enterprise loans (1) 671.8 704.9 942.6 980.7 695.9 551.3 487.0 505.7 23

 24 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 Nonfinancial corporate business (FCS) 5.9 7.6 9.5 5.8 5.3 6.9 6.0 6.7 25

 26 Nonfinancial noncorporate business (FCS) 45.7 55.9 66.0 74.5 74.7 80.3 77.7 85.3 26

 27 U.S.-chartered dep. inst. (FHLB & SLMA) 594.0 608.3 806.1 805.0 541.1 392.8 332.3 336.9 27

 28 Credit unions (FHLB) 14.7 18.9 32.3 40.6 26.5 26.1 24.2 25.1 28

 29 Life insurance companies (FHLB) 11.5 14.2 28.7 54.9 48.3 45.1 46.8 51.6 29

 30 Securitized loans held by ABS issuers 93.9 97.7 93.7 78.1 54.4 4.0 0.1 1.8 30

 31 Liab.: Nonfinancial corporate business 93.9 97.7 93.7 78.1 54.4 4.0 0.1 1.8 31

 32 Finance company loans to business 479.2 498.0 523.0 539.9 448.9 372.7 379.4 393.7 32

 33 Liab.: Nonfinancial corporate business 431.3 448.2 470.7 485.9 404.0 335.5 341.5 354.3 33

 34 Nonfinancial noncorporate business 47.9 49.8 52.3 54.0 44.9 37.3 37.9 39.4 34

 35 Loans to nonfinancial corporate business (2) 188.1 289.2 453.8 564.3 403.4 350.2 375.1 361.6 35

 36 Asset: Household sector 8.7 9.1 17.6 29.7 26.8 26.2 23.4 20.9 36

 37 Life insurance companies 15.9 22.4 31.9 46.3 20.4 16.7 22.2 22.6 37

 38 Mutual funds 36.5 46.3 82.4 94.8 75.4 74.6 93.5 105.7 38

 39 ABS issuers 94.5 155.7 248.3 301.7 197.8 163.8 162.3 160.0 39

 40 Brokers and dealers 22.0 41.7 52.8 55.9 60.1 47.4 54.3 39.6 40

 41 Funding corporations 10.6 14.1 20.8 35.9 22.9 21.4 19.4 12.9 41

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding depository institutions and finance companies which are included elsewhere.
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98 Historical Annuals, 2005-2012, December 9, 2013

L.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total mortgages 12109.2 13525.7 14621.2 14712.5 14419.6 13778.4 13456.4 13192.2 1

 2 Home 9419.8 10499.6 11237.7 11149.7 10935.8 10437.9 10182.8 9929.7 2

 3 Multifamily residential 668.8 710.4 797.1 847.9 854.4 850.9 856.5 880.8 3

 4 Commercial 1915.9 2207.7 2473.7 2580.2 2483.5 2335.5 2249.9 2208.6 4

 5 Farm 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.0 5

 6 Total liabilities 12109.2 13525.7 14621.2 14712.5 14419.6 13778.4 13456.4 13192.2 6

 7 Household sector 9084.5 10099.7 10814.3 10777.0 10610.1 10089.3 9853.7 9609.6 7

 8 Nonfinancial business 2879.2 3273.9 3650.1 3772.0 3642.6 3522.0 3426.5 3390.8 8

 9 Corporate 786.5 898.0 967.2 902.2 774.2 670.0 611.9 599.5 9

 10 Noncorporate 2092.7 2375.9 2683.0 2869.9 2868.5 2852.0 2814.7 2791.3 10

 11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

 12 REITs 145.5 152.1 156.7 163.5 166.9 167.1 176.2 191.8 12

 13 Total assets 12109.2 13525.7 14621.2 14712.5 14419.6 13778.4 13456.4 13192.2 13

 14 Household sector 140.1 122.9 109.9 110.9 108.0 94.2 91.0 70.6 14

 15 Nonfinancial corporate business 68.3 59.8 41.4 33.6 29.5 28.0 27.4 26.9 15

 16 Nonfinancial noncorporate business 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.0 16

 17 State and local governments 158.9 174.9 193.2 187.3 192.2 202.2 197.8 187.8 17

 18 Federal government 76.6 80.3 82.4 95.8 108.4 106.6 110.6 112.3 18

 19 U.S.-chartered depository institutions 4054.9 4415.7 4658.6 4615.2 4371.9 4194.9 4049.6 3997.4 19

 20 Foreign banking offices in U.S. 20.8 24.9 39.0 44.2 37.8 35.4 32.8 30.9 20

 21 Banks in U.S.-affiliated areas 35.1 39.2 40.8 42.6 42.3 35.8 33.4 34.9 21

 22 Credit unions 226.1 252.5 280.2 312.2 316.9 317.0 320.5 327.8 22

 23 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 23

 24 Life insurance companies 285.5 303.8 326.2 342.4 326.1 317.5 332.5 344.4 24

 25 Private pension funds 9.8 31.9 34.2 26.1 23.8 26.6 21.9 19.3 25

 26 State and local govt. retirement funds 13.7 15.9 17.9 15.1 11.4 10.9 11.1 9.9 26

 27 Government-sponsored enterprises (1) 588.8 607.2 643.1 705.3 707.7 5021.0 4924.0 4823.5 27

 28 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1304.8 1437.0 28

 29 ABS issuers 2155.2 2786.8 2970.1 2617.0 2246.0 1917.2 1698.3 1492.9 29

 30 Finance companies 541.4 594.3 549.9 482.9 430.3 243.5 211.2 179.5 30

 31 REITs 146.7 136.3 123.1 76.3 48.3 41.9 42.1 48.3 31
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Historical Annuals, 2005-2012, December 9, 2013 99

L.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 9419.8 10499.6 11237.7 11149.7 10935.8 10437.9 10182.8 9929.7 1

 2 Household sector 8911.7 9909.0 10610.3 10576.0 10416.0 9906.7 9677.8 9436.9 2

 3 Nonfinancial corporate business 31.1 39.4 42.2 32.7 20.3 13.6 10.2 9.7 3

 4 Nonfinancial noncorporate business 477.0 551.2 585.1 540.9 499.4 517.6 494.8 483.1 4

 5 Total assets 9419.8 10499.6 11237.7 11149.7 10935.8 10437.9 10182.8 9929.7 5

 6 Household sector 117.9 102.9 90.8 91.2 83.2 75.2 67.2 59.2 6

 7 Nonfinancial corporate business 40.9 35.9 25.0 20.2 17.7 16.8 16.1 15.5 7

 8 Nonfinancial noncorporate business 13.3 12.7 15.4 14.3 13.9 15.4 15.5 15.7 8

 9 State and local governments 81.8 90.1 99.5 96.4 99.0 104.2 101.9 96.7 9

 10 Federal government 13.2 13.3 13.7 16.4 22.1 23.9 24.8 25.9 10

 11 U.S.-chartered depository institutions 2729.6 2932.7 3068.0 2883.6 2692.5 2614.7 2537.0 2484.9 11

 12 Foreign banking offices in U.S. 0.0 0.0 0.0 7.0 0.9 1.1 1.3 1.8 12

 13 Banks in U.S.-affiliated areas 16.3 17.2 21.5 22.9 22.6 20.1 17.8 20.0 13

 14 Credit unions 226.1 252.5 280.2 312.2 316.9 317.0 320.5 327.8 14

 15 Life insurance companies 7.5 10.3 9.4 8.6 8.6 9.0 9.0 9.5 15

 16 Private pension funds 1.4 1.3 1.2 1.3 2.0 1.9 1.6 2.5 16

 17 State and local govt. retirement funds 4.9 5.7 6.4 5.4 4.1 3.9 4.0 3.6 17

 18 Government-sponsored enterprises 453.9 457.6 447.9 456.6 431.3 4687.1 4583.9 4472.4 18

 19 Agency- and GSE-backed mortgage pools 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 1216.8 1321.8 19

 20 ABS issuers 1649.0 2172.6 2212.6 1899.3 1575.8 1300.4 1107.5 926.2 20

 21 Finance companies 489.8 541.4 493.7 416.1 366.0 169.5 149.7 132.6 21

 22 REITs 127.9 104.2 80.7 34.3 12.6 8.9 8.1 13.6 22

 Memo:

 23 Home equity loans included above (2) 917.4 1067.9 1133.1 1115.8 1033.3 928.4 853.5 769.6 23

 24 U.S.-chartered depository institutions 700.7 791.2 872.7 894.7 841.4 783.3 723.1 652.7 24

 25 Foreign banking offices in U.S. 0.0 0.0 0.0 0.8 0.3 0.3 0.3 0.2 25

 26 Credit unions 75.9 86.9 94.1 98.7 94.6 88.2 82.2 75.7 26

 27 ABS issuers 42.9 82.2 71.7 46.5 31.5 22.8 17.9 14.4 27

 28 Finance companies 98.0 107.6 94.5 75.1 65.5 33.9 29.9 26.5 28

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

Billions of dollars

 1 Total liabilities 668.8 710.4 797.1 847.9 854.4 850.9 856.5 880.8 1

 2 Nonfinancial corporate business 32.2 34.3 38.7 41.1 41.4 41.2 41.4 42.7 2

 3 Nonfinancial noncorporate business 611.8 651.1 735.6 781.7 786.2 782.1 787.5 811.7 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 24.8 25.1 22.7 25.1 26.8 27.7 27.6 26.5 5

 6 Total assets 668.8 710.4 797.1 847.9 854.4 850.9 856.5 880.8 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 1.1 0.9 0.6 0.5 0.5 0.4 0.4 0.4 8

 9 Nonfinancial noncorporate business 12.3 11.7 14.3 13.3 12.9 14.3 14.5 14.7 9

 10 State and local governments 63.5 70.0 77.3 74.9 76.9 80.9 79.1 75.1 10

 11 Federal government 14.9 14.8 14.4 14.5 14.7 14.4 14.1 13.7 11

 12 U.S.-chartered depository institutions 237.1 253.3 261.1 276.0 267.0 254.9 248.3 253.3 12

 13 Foreign banking offices in U.S. 0.0 0.0 0.0 4.3 4.0 3.5 2.9 1.4 13

 14 Life insurance companies 42.4 46.1 51.8 51.8 48.5 47.2 49.4 50.9 14

 15 Private pension funds 2.1 2.0 2.1 2.4 2.7 3.1 2.9 3.8 15

 16 State and local govt. retirement funds 4.1 4.8 5.4 4.5 3.4 3.3 3.3 3.0 16

 17 Government-sponsored enterprises 93.0 105.4 147.7 190.2 204.4 256.5 259.2 265.5 17

 18 Agency- and GSE-backed mortgage pools 101.3 88.8 88.1 92.8 105.7 66.9 86.4 113.4 18

 19 ABS issuers 89.4 102.5 123.9 113.1 107.0 98.4 90.7 81.1 19

 20 Finance companies 5.6 5.1 5.1 5.3 4.6 5.1 3.6 2.8 20

 21 REITs 1.9 5.0 5.2 4.3 2.3 1.9 1.7 1.8 21
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100 Historical Annuals, 2005-2012, December 9, 2013

L.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 1915.9 2207.7 2473.7 2580.2 2483.5 2335.5 2249.9 2208.6 1

 2 Household sector 172.8 190.7 204.0 200.9 194.1 182.6 175.9 172.7 2

 3 Nonfinancial corporate business 703.6 803.4 863.4 799.4 679.5 579.1 519.5 504.2 3

 4 Nonfinancial noncorporate business 918.8 1086.6 1272.4 1441.4 1469.9 1434.5 1405.9 1366.4 4

 5 REITs 120.7 127.0 134.0 138.4 140.1 139.4 148.6 165.3 5

 6 Total assets 1915.9 2207.7 2473.7 2580.2 2483.5 2335.5 2249.9 2208.6 6

 7 Household sector 14.9 17.0 19.1 20.0 19.2 16.7 12.4 6.3 7

 8 Nonfinancial corporate business 26.3 23.0 15.8 13.0 11.4 10.8 10.8 10.9 8

 9 Nonfinancial noncorporate business 9.9 9.5 11.5 10.7 10.4 11.5 11.6 11.8 9

 10 State and local governments 12.7 14.0 15.5 15.0 15.4 16.2 15.8 15.0 10

 11 Federal government 45.2 48.9 51.0 61.4 67.8 64.1 67.2 68.0 11

 12 U.S.-chartered depository institutions 1049.7 1188.7 1286.8 1404.2 1367.4 1273.2 1210.3 1198.4 12

 13 Foreign banking offices in U.S. 20.8 24.9 39.0 32.8 32.9 30.8 28.5 27.6 13

 14 Banks in U.S.-affiliated areas 18.8 22.0 19.3 19.7 19.6 15.7 15.6 14.9 14

 15 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 4.9 5.6 15

 16 Life insurance companies 224.3 235.4 252.2 267.1 255.7 248.8 261.1 271.1 16

 17 Private pension funds 6.3 28.6 30.8 22.4 19.0 21.5 17.4 13.1 17

 18 State and local govt. retirement funds 4.7 5.4 6.1 5.1 3.9 3.7 3.8 3.4 18

 19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 ABS issuers 416.8 511.8 633.6 604.7 563.3 518.4 500.1 485.6 20

 21 Finance companies 46.0 47.8 51.1 61.6 59.7 68.9 57.9 44.1 21

 22 REITs 16.8 27.1 37.3 37.7 33.4 31.2 32.3 32.8 22

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.0 1

 2 Nonfinancial corporate business 19.6 21.0 22.9 28.9 33.0 36.2 40.7 42.9 2

 3 Nonfinancial noncorporate business 85.1 87.0 89.8 105.8 113.0 117.9 126.5 130.1 3

 4 Total assets 104.8 108.0 112.7 134.7 146.0 154.1 167.2 173.0 4

 5 Household sector 7.4 3.0 -0.0 -0.2 5.5 2.3 11.4 5.2 5

 6 Nonfinancial noncorporate business 0.7 0.7 0.8 0.8 0.8 0.8 0.8 0.9 6

 7 State and local governments 0.8 0.9 1.0 0.9 1.0 1.0 1.0 0.9 7

 8 Federal government 3.2 3.2 3.3 3.5 3.9 4.3 4.5 4.6 8

 9 U.S.-chartered depository institutions 38.5 40.9 42.8 51.5 45.1 52.1 53.9 60.8 9

 10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 10

 11 Life insurance companies 11.3 12.0 12.8 15.0 13.3 12.4 13.0 13.0 11

 12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

 13 Government-sponsored enterprises 42.0 44.2 47.6 58.5 72.0 77.4 80.9 85.7 13

 14 Agency- and GSE-backed mortgage pools 0.8 3.2 4.5 4.7 4.5 3.8 1.7 1.9 14

(1) Excludes mortgages on farm houses.
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Historical Annuals, 2005-2012, December 9, 2013 101

L.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net change in liabilities (Households) 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 1

 2 Net change in assets 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 2

 3 Households (nonprofit organizations) (1) 0.0 79.2 87.6 94.6 88.8 78.4 74.5 67.1 3

 4 Nonfinancial corporate business 59.6 53.0 57.2 56.0 53.8 46.2 48.5 48.5 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal government (2) 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 6

 7 U.S.-chartered depository institutions 816.1 836.7 894.9 965.0 906.3 1185.5 1192.6 1218.7 7

 8 Credit unions 228.6 236.1 236.6 236.2 237.1 226.5 223.0 243.6 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

 10 ABS issuers 609.9 617.2 652.5 610.2 572.5 50.3 46.2 49.9 10

 11 Finance companies 516.5 531.9 572.1 554.3 471.9 705.0 687.6 679.8 11

 Memo:

 12 Credit card loans (3) 856.7 924.9 1002.9 1005.2 917.2 840.7 842.5 845.8 12

 13 Auto loans 823.1 784.8 801.0 777.1 718.9 712.9 750.7 808.5 13

 14 Student loans (4) 0.0 556.9 637.0 730.7 831.6 912.4 1012.3 1131.3 14

 15 Other consumer credit (5) 640.8 196.1 175.7 138.4 85.8 182.1 151.6 138.7 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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102 Historical Annuals, 2005-2012, December 9, 2013

L.223 Trade Credit

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total trade payables 3003.6 3195.7 3397.5 3226.9 3214.9 3441.4 3500.2 3674.0 1

 2 Household sector 186.3 199.9 214.5 236.7 252.7 274.1 288.2 289.7 2

 3 Nonfinancial corporate business 1700.6 1812.9 1897.9 1672.7 1590.2 1746.5 1771.7 1892.3 3

 4 Nonfinancial noncorporate business 334.5 348.9 374.9 380.6 397.4 427.7 435.3 433.8 4

 5 State and local governments 482.0 516.2 553.0 591.6 630.5 669.0 707.4 746.5 5

 6 Federal government 202.7 208.9 238.2 260.8 204.6 210.9 220.3 228.2 6

 7 Rest of the world 54.5 60.7 73.1 63.2 69.3 95.1 63.0 69.3 7

 8 Brokers and dealers 43.1 48.3 45.8 21.2 70.1 18.1 14.3 14.2 8

 9 Total trade receivables 2991.4 3034.2 3280.4 3088.3 2973.9 3136.4 3249.3 3359.2 9

 10 Nonfinancial corporate business 2108.2 2094.6 2254.4 2084.9 2053.9 2155.8 2239.2 2321.6 10

 11 Nonfinancial noncorporate business 430.9 470.9 525.6 522.7 496.3 533.4 538.9 545.6 11

 12 State and local governments 142.5 151.3 159.1 143.7 139.1 152.2 154.5 162.8 12

 13 Federal government 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 13

 14 Rest of the world 56.9 62.8 83.6 90.1 96.7 116.4 134.2 145.6 14

 15 Property-casualty insurance companies 82.1 87.0 85.4 86.7 83.0 83.8 87.2 92.0 15

 16 ABS issuers 99.8 108.3 111.7 95.5 61.3 51.8 47.6 41.2 16

 17 Discrepancy 12.2 161.6 117.1 138.6 241.0 305.0 250.9 314.7 17

L.224 Security Credit

Billions of dollars

 1 Total liabilities 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1312.6 1512.5 1

 2 Household sector 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 806.0 957.8 1200.9 963.6 888.2 936.6 1073.7 1208.7 4

 5 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 752.4 776.0 5

 6 From U.S.-chartered depository institutions 95.6 116.5 145.9 158.6 158.0 152.3 189.6 243.0 6

 7 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 131.7 189.7 7

 8 Total assets 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1312.6 1512.5 8

 9 Household sector 575.3 655.7 866.4 742.7 668.6 694.3 752.4 776.0 9

 10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 11 U.S.-chartered depository institutions 95.6 116.5 145.9 158.6 158.0 152.3 189.6 243.0 11

 12 Foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 131.7 189.7 12

 13 Brokers and dealers 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 13
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Historical Annuals, 2005-2012, December 9, 2013 103

L.225 Life Insurance Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1352.0 1359.0 1

 2 Federal government 42.7 44.2 45.4 46.4 47.5 48.4 49.7 50.0 2

 3 Life insurance companies 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 1302.3 1309.0 3

 4 Net change in assets 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1352.0 1359.0 4

 5 Households 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 1186.1 5

 6 U.S.-chartered depository institutions 0.0 93.4 104.3 110.7 111.5 116.0 120.8 138.1 6

 7 Holding companies 0.0 15.2 20.5 19.3 21.4 25.1 27.6 34.9 7

L.226 Pension Entitlements

Billions of dollars

 1 Total liabilities 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 1

 2 Life insurance companies (1) 2197.4 2390.4 2531.6 2223.2 2346.9 2563.0 2602.8 2759.4 2

 3 Private pension funds (2) 5398.1 5800.2 6122.8 5281.4 5976.3 6625.7 6672.5 7175.3 3

 4 State and local govt. retirement funds 3140.9 3406.5 3588.5 3799.0 3959.8 4408.7 4589.2 4773.1 4

 5 Federal government retirement funds (3) 2494.6 2609.3 2713.8 2758.1 2922.3 3147.6 3250.7 3367.3 5

 6 Total assets (Households) (4) 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 6

(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) (table L.226.i), except those at life insurance companies.

L.227 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 214.5 237.0 167.7 44.0 40.6 53.1 73.9 82.5 1

 2 Nonfinancial corporate business 86.2 85.4 35.8 39.0 35.7 42.9 51.7 58.1 2

 3 Nonfinancial noncorporate business 86.7 95.7 99.5 106.2 99.9 99.2 100.3 101.6 3

 4 U.S.-chartered depository institutions 29.4 28.0 12.4 -73.6 -66.2 -59.6 -49.1 -47.9 4

 5 Property-casualty insurance companies -1.6 9.4 7.0 -21.1 -15.8 -10.1 -14.5 -10.8 5

 6 Life insurance companies -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 -23.6 -28.3 6

 7 Finance companies 16.9 17.0 15.5 15.4 12.7 6.0 6.7 6.7 7

 8 Brokers and dealers 2.1 2.8 2.2 2.5 5.7 3.6 2.5 3.1 8

 9 Total business taxes receivable 193.9 210.5 222.4 242.4 250.9 262.1 272.8 279.4 9

 10 State and local governments 102.3 114.4 117.4 123.0 117.1 117.8 120.0 121.3 10

 11 Federal government 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.1 11

 12 Discrepancy 20.6 26.5 -54.6 -198.4 -210.4 -209.0 -198.9 -196.9 12

L.228 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 8661.6 8969.0 9097.3 7556.0 6323.9 7015.8 7495.6 8181.0 1

 2 Nonfinancial noncorporate business 8649.9 8959.2 9084.7 7545.3 6309.1 6999.9 7482.5 8162.4 2

 3 Brokers and dealers 11.7 9.8 12.6 10.7 14.8 15.9 13.1 18.6 3
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L.229 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 15768.8 16856.0 18466.9 21822.8 22079.9 22655.5 23620.0 23988.5 1

 2 Household sector 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 2

 3 Nonfinancial corporate business 3609.6 3584.4 3781.3 3946.2 3942.6 3966.2 4057.0 3740.5 3

 4 Nonfinancial noncorporate business 861.2 1006.1 1100.0 1214.3 1248.1 1197.7 1232.3 1240.6 4

 5 Federal government 2386.5 2485.6 2610.9 2719.3 2859.2 3071.6 3179.4 3281.2 5

 6 Rest of the world 3135.0 3671.2 4460.4 5652.7 5653.5 5958.8 6268.0 6308.5 6

 7 Monetary authority 15.3 18.5 21.0 23.1 29.2 58.4 31.7 33.7 7

 8 U.S.-chartered depository institutions 1120.2 1187.7 1278.5 1466.7 1620.1 1806.2 1934.9 2102.5 8

 9 Foreign banking offices in U.S. 437.0 469.4 496.6 554.3 431.5 413.3 497.1 465.8 9

 10 Banks in U.S.-affiliated areas 45.2 40.7 28.8 24.9 29.2 23.3 19.4 17.3 10

 11 Credit unions 11.9 9.2 3.6 4.7 19.4 11.1 12.4 12.7 11

 12 Property-casualty insurance companies 759.3 815.7 811.1 811.0 819.5 831.9 870.1 896.9 12

 13 Life insurance companies 824.0 868.0 929.8 866.4 961.7 1031.4 1062.6 1143.6 13

 14 Government-sponsored enterprises 138.5 150.5 168.9 207.0 269.2 153.4 130.2 124.1 14

 15 Finance companies 702.8 715.7 654.4 664.8 573.6 271.9 264.1 233.8 15

 16 REITs 55.3 63.0 67.6 64.9 51.1 66.0 74.4 91.4 16

 17 Brokers and dealers 405.5 519.5 558.4 441.4 450.0 483.0 471.4 470.9 17

 18 Holding companies 215.5 294.4 328.3 422.9 548.0 522.0 481.1 833.8 18

 19 Funding corporations 709.7 742.9 952.0 1434.8 1420.4 1415.5 1394.4 1494.6 19

 20 Total assets 21313.0 24145.0 26701.7 28723.9 28876.7 29915.9 31350.0 32843.3 20

 21 Household sector 608.7 646.1 712.2 766.3 800.9 805.9 876.1 870.2 21

 22 Nonfinancial corporate business 8177.1 8941.6 9889.5 9376.9 9555.5 10127.0 10558.6 11320.2 22

 23 Nonfinancial noncorporate business 1301.7 1683.5 2014.3 2121.8 2029.3 2134.1 2140.4 2181.2 23

 24 State and local governments 84.6 90.9 98.1 92.9 118.1 95.7 92.4 87.8 24

 25 Federal government 133.7 136.8 138.7 110.8 145.8 141.4 143.1 142.0 25

 26 Rest of the world 2882.2 3501.6 3967.5 3984.4 3925.9 4114.7 4396.5 4486.6 26

 27 Monetary authority 18.1 17.0 40.5 569.8 75.9 83.1 225.8 199.5 27

 28 U.S.-chartered depository institutions 850.8 785.0 901.2 1223.8 1030.3 933.2 958.1 842.1 28

 29 Foreign banking offices in U.S. 33.6 36.8 45.2 48.4 44.1 28.9 43.9 43.6 29

 30 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 11.8 12.0 30

 31 Credit unions 25.8 30.9 36.0 32.8 33.0 74.1 61.9 62.7 31

 32 Property-casualty insurance companies 103.3 105.5 121.1 102.6 123.7 99.1 86.9 94.6 32

 33 Life insurance companies 262.1 303.3 342.9 380.1 357.6 360.3 407.2 457.0 33

 34 Private pension funds 450.1 815.2 874.5 1518.3 1476.0 1463.0 1556.7 1554.8 34

 35 State and local govt. retirement funds 81.0 110.4 113.0 94.6 86.1 102.2 111.0 111.3 35

 36 Federal government retirement funds 2305.7 2387.0 2468.7 2551.1 2674.8 2865.1 2954.8 3043.7 36

 37 Money market mutual funds 32.8 39.6 69.0 35.2 26.9 23.5 22.7 28.8 37

 38 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 5.7 -27.4 38

 39 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 148.5 152.6 39

 40 Finance companies 46.7 18.9 12.1 16.4 44.8 77.0 79.4 50.7 40

 41 REITs 51.9 59.7 55.4 54.6 46.1 53.5 66.8 89.3 41

 42 Brokers and dealers 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 932.6 857.4 42

 43 Holding companies 1609.4 1875.8 2054.0 2337.0 3160.6 3129.4 3165.9 4015.8 43

 44 Funding corporations 602.8 633.9 751.5 793.5 726.3 667.9 687.6 694.8 44

 45 Discrepancy -5858.2 -7479.8 -8426.2 -8177.4 -7928.5 -8609.4 -9345.2 -10326.4 45
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L.230 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2651.7 2948.2 3553.1 3748.5 4077.4 4273.6 4663.1 5077.8 1

 2 Asset: Nonfinancial corporate business 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3795.6 4136.4 2

 3 U.S.-chartered depository institutions 104.9 95.9 150.3 201.5 261.7 280.1 274.3 302.6 3

 4 Property-casualty insurance companies 103.3 105.5 121.1 102.6 123.7 99.1 86.9 94.6 4

 5 Life insurance companies 19.1 20.0 25.6 25.0 28.9 46.3 56.9 70.6 5

 6 Finance companies 17.7 42.0 177.9 221.0 186.9 206.0 215.5 227.6 6

 7 Brokers and dealers 201.1 244.1 185.3 187.4 231.0 239.3 234.0 245.9 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2313.3 2474.4 8

 9 Nonfinancial noncorporate business 3.3 3.6 3.6 3.7 4.8 5.3 5.9 6.4 9

 10 Foreign banking offices in U.S. 130.2 135.4 94.2 71.7 107.7 120.0 193.7 198.1 10

 11 Property-casualty insurance companies 60.1 99.9 76.6 51.2 64.7 70.7 73.8 72.4 11

 12 Life insurance companies 65.8 71.3 68.7 60.3 69.4 84.3 88.5 93.7 12

 13 Finance companies 38.8 51.1 68.6 78.1 90.0 114.7 96.1 96.3 13

 14 Brokers and dealers 49.9 61.0 62.6 72.1 64.4 88.5 96.3 103.5 14

 15 Funding corporations 8.4 9.0 9.6 10.2 10.8 11.4 12.0 12.6 15

 16 Asset: Rest of the world 1906.0 2154.1 2345.9 2397.4 2398.2 2623.6 2879.5 3057.3 16

 Federal government equity in IBRD, etc.:

 17 Liab.: Rest of the world 43.2 45.3 46.9 48.3 50.0 52.3 54.9 57.3 17

 18 Asset: Federal government 43.2 45.3 46.9 48.3 50.0 52.3 54.9 57.3 18

 Federal Reserve Bank stock:

 19 Liab.: Monetary authority 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 19

 20 Asset: U.S.-chartered depository institutions 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 20

 Equity in government-sponsored enterprises:

 21 Liab.: Government-sponsored enterprises 46.7 46.9 56.0 51.8 51.8 49.0 43.1 41.2 21

 22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.5 0.6 0.7 0.4 0.5 0.6 0.5 0.6 22

 23 Nonfinancial noncorporate (FCS) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 23

 24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 25 U.S.-chartered depository institutions (FHLB) 38.7 38.5 45.5 39.0 39.7 36.7 30.6 28.4 25

 26 Credit unions (FHLB) 1.8 1.9 2.5 2.8 2.4 2.2 2.9 2.9 26

 27 Life insurance companies (FHLB) 1.6 1.6 2.2 3.2 2.9 2.9 2.1 2.2 27

 Holding company net transactions with subsidiaries:

 28 Liab.: U.S.-chartered depository institutions 989.7 1142.9 1256.9 1370.5 1599.5 1632.8 1709.0 1889.2 28

 29 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22.4 29

 30 Life insurance companies 35.6 38.3 43.7 31.2 40.5 62.7 72.0 12.6 30

 31 Finance companies 195.2 198.5 239.9 232.6 209.3 115.0 94.6 94.1 31

 32 Brokers and dealers 110.2 114.5 57.0 155.2 596.1 626.6 613.5 1062.2 32

 33 Rest of the world 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 33

 34 Asset: Holding companies 1357.8 1562.6 1708.1 1891.0 2570.3 2572.7 2655.4 3195.1 34

 NFC investment in finance company subsidiaries:

 35 Liab.: Finance companies 117.0 140.1 81.5 80.5 71.2 60.7 69.1 68.7 35

 36 Asset: Nonfinancial corporate business 117.0 140.1 81.5 80.5 71.2 60.7 69.1 68.7 36

 Funding corporations’ investment in subsidiaries:

 37 Liab.: Foreign banking offices in U.S. 188.8 197.3 241.0 276.6 203.1 171.6 137.8 126.0 37

 38 Brokers and dealers 414.0 436.5 510.5 516.9 523.2 496.4 549.7 568.8 38

 39 Asset: Funding corporations 602.8 633.9 751.5 793.5 726.3 667.9 687.6 694.8 39

 Equity investment under Public-Private Inv. Program:

 40 Liab.: Funding corporations 0.0 0.0 0.0 0.0 1.8 7.7 8.8 8.7 40

 41 Asset: Households (1) 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 41

 42 Federal government 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
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L.231 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.6 0.6 24.5 554.2 10.9 0.8 100.5 9.5 1

 2 Asset: Federal government 0.6 0.6 0.5 0.5 0.7 0.8 0.7 0.7 2

 3 Monetary authority (1) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 8.9 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.2 19.0 20.9 15.5 15.9 14.4 12.6 13.7 6

 7 Asset: U.S.-chartered depository institutions 19.2 19.0 20.9 15.5 15.9 14.4 12.6 13.7 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 8

 9 Asset: Life insurance companies 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 9

 Life insurance company reserves:

 10 Liab.: Life insurance companies 217.3 232.1 247.6 265.2 273.6 288.4 302.8 300.3 10

 11 Accident and health 138.3 149.8 163.3 182.7 192.4 207.1 222.3 219.2 11

 12 Policy dividend accumulation 42.7 43.5 43.7 40.4 39.2 39.7 37.9 38.3 12

 13 Contract claims 36.3 38.8 40.6 42.1 42.0 41.6 42.6 42.8 13

 14 Asset: Household sector 217.3 232.1 247.6 265.2 273.6 288.4 302.8 300.3 14

 Policy payables:

 15 Liab.: Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 761.2 796.4 802.1 15

 16 Asset: Household sector 316.0 320.5 327.3 337.3 346.0 310.8 347.5 330.8 16

 17 Nonfinancial corporate business 284.0 291.6 300.0 311.1 307.1 319.0 329.0 336.5 17

 18 Nonfinancial noncorporate business 99.2 103.6 107.3 111.5 101.7 131.4 119.8 134.9 18

 Unallocated insurance company contracts:

 19 Liab.: Life insurance companies 338.4 330.0 350.5 279.0 388.9 399.2 405.1 454.6 19

 20 Asset: Private pension funds 338.4 330.0 350.5 279.0 388.9 399.2 405.1 454.6 20

 Pension fund contributions payable:

 21 Liab.: Nonfinancial corporate business 44.8 64.7 69.3 84.0 75.6 91.1 94.0 92.0 21

 22 Asset: Private pension funds 44.8 64.7 69.3 84.0 75.6 91.1 94.0 92.0 22

 Securities borrowed (net):

 23 Liab.: Funding corporations 939.7 1242.3 1240.2 887.0 856.8 733.4 658.7 579.5 23

 24 Asset: Brokers and dealers 939.7 1242.3 1240.2 887.0 856.8 733.4 658.7 579.5 24

 Nonmarketable government securities:

 25 Liab.: Federal government 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 25

 26 Asset: Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 26

 Retiree health care funds (2):

 27 Liab.: Federal government 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 27

 28 Asset: Household sector 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 28

 Claims of pension fund on sponsor (3):

 29 Liab.: Nonfinancial corporate business -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 29

 30 State and local governments 314.0 190.8 191.4 1276.3 1131.7 1348.9 1615.1 1471.5 30

 31 Federal government 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 31

 32 Asset: Private pension funds -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 32

 33 State and local govt. retirement funds 314.0 190.8 191.4 1276.3 1131.7 1348.9 1615.1 1471.5 33

 34 Federal government retirement funds 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 34

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

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.

(3) Assets of the household sector.
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Historical Annuals, 2005-2012, December 9, 2013 107

L.232 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total liabilities 4083.6 4040.3 4417.4 5249.7 5224.6 5145.3 4859.0 4293.1 1

 2 Nonfinancial corporate business 2045.5 1825.9 1770.8 1133.9 1383.4 1300.4 1162.9 733.8 2

 3 Nonfinancial noncorporate business 857.9 1002.5 1096.4 1210.7 1243.3 1192.4 1226.4 1234.2 3

 4 Federal government 5.4 5.1 4.9 4.3 4.0 3.6 3.2 2.8 4

 5 Rest of the world 412.3 608.8 725.3 1200.1 1390.2 1496.5 1283.2 1049.2 5

 6 Monetary authority 1.8 3.2 2.5 2.1 3.6 31.9 4.8 6.3 6

 7 U.S.-chartered depository institutions 130.5 44.8 21.6 96.2 20.6 173.3 225.9 213.3 7

 8 Foreign banking offices in U.S. 117.2 135.8 160.6 205.5 120.4 121.4 165.3 141.4 8

 9 Banks in U.S.-affiliated areas 45.2 40.7 28.8 24.9 29.2 23.3 19.4 17.3 9

 10 Credit unions 11.9 9.2 3.6 4.7 19.4 11.1 12.4 12.7 10

 11 Life insurance companies 166.9 196.3 219.3 230.8 189.3 196.8 194.1 282.4 11

 12 Government-sponsored enterprises 72.6 84.7 92.0 139.7 201.6 89.9 74.5 69.2 12

 13 Finance companies 351.8 326.0 264.4 273.7 203.1 -18.4 4.3 -25.3 13

 14 REITs 55.3 63.0 67.6 64.9 51.1 66.0 74.4 91.4 14

 15 Brokers and dealers -168.5 -92.5 -71.7 -302.8 -733.7 -728.3 -788.1 -1263.5 15

 16 Holding companies 215.5 294.4 328.3 422.9 548.0 522.0 481.1 833.8 16

 17 Funding corporations -238.5 -508.4 -297.9 537.6 550.9 663.0 714.9 893.7 17

 18 Total assets 9627.8 11329.3 12652.2 12150.8 12021.4 12405.7 12589.1 13148.0 18

 19 Nonfinancial corporate business 5569.9 6068.6 6614.4 5973.8 5931.6 6343.8 6364.4 6778.0 19

 20 Nonfinancial noncorporate business 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2013.6 2039.2 20

 21 State and local governments 84.6 90.9 98.1 92.9 118.1 95.7 92.4 87.8 21

 22 Federal government 89.9 91.0 91.4 62.0 94.3 84.5 83.2 79.8 22

 23 Rest of the world 976.2 1347.5 1621.6 1587.0 1527.7 1491.1 1517.0 1429.2 23

 24 Monetary authority 18.1 17.0 16.5 16.1 65.6 83.0 126.0 190.6 24

 25 U.S.-chartered depository institutions 674.6 616.3 666.1 946.7 687.4 575.5 613.7 470.0 25

 26 Foreign banking offices in U.S. 33.6 36.8 45.2 48.4 44.1 28.9 43.9 43.6 26

 27 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 11.8 12.0 27

 28 Credit unions 24.1 28.9 33.5 30.0 30.6 71.9 59.1 59.8 28

 29 Life insurance companies 219.0 258.9 291.2 324.9 303.7 286.5 323.9 359.4 29

 30 Private pension funds 97.0 449.5 475.4 477.3 514.4 526.7 570.8 568.0 30

 31 State and local govt. retirement funds 81.0 110.4 113.0 94.6 86.1 102.2 111.0 111.3 31

 32 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 5.7 -27.4 32

 33 Money market mutual funds 32.8 39.6 69.0 35.2 26.9 23.5 22.7 28.8 33

 34 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 148.5 152.6 34

 35 Finance companies 29.0 -23.0 -165.8 -204.6 -142.1 -129.0 -136.1 -176.9 35

 36 REITs 51.9 59.7 55.4 54.6 46.1 53.5 66.8 89.3 36

 37 Brokers and dealers 61.8 113.0 208.1 31.3 53.2 52.6 39.9 31.9 37

 38 Holding companies 251.6 313.2 345.9 446.0 590.3 556.7 510.4 820.7 38

 39 Discrepancy -5858.2 -7479.8 -8426.2 -8177.4 -7928.5 -8609.4 -9345.2 -10326.4 39
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B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Assets 74986.8 80936.8 82384.1 71595.2 73090.6 77259.9 78448.9 84526.0 1

 2 Nonfinancial assets 28584.5 29618.7 28272.8 24851.1 23676.7 23340.5 23278.9 25004.5 2

 3 Real estate 24178.4 24996.4 23449.8 19898.7 18699.1 18348.1 18124.3 19709.0 3

 4 Households (2,3) 22012.4 22607.9 20683.1 17409.6 16896.9 16329.8 15912.4 17356.1 4

 5 Nonprofit organizations 2166.1 2388.5 2766.7 2489.1 1802.2 2018.3 2211.9 2353.0 5

 6 Equipment (nonprofits) (4) 206.9 226.3 246.1 268.5 279.5 290.6 304.6 315.1 6

 7 Intellectual property products (nonprofits) (4) 91.4 95.5 100.9 105.4 110.0 115.0 123.6 132.4 7

 8 Consumer durable goods (4) 4107.8 4300.5 4476.0 4578.6 4588.1 4586.7 4726.4 4848.0 8

 9 Financial assets 46402.3 51318.1 54111.3 46744.0 49413.8 53919.4 55170.0 59521.5 9

 10 Deposits 6262.6 6904.8 7564.0 8172.9 8094.8 8060.5 8738.9 9184.5 10

 11 Foreign deposits 59.9 65.2 80.5 56.9 50.2 49.7 46.9 45.1 11

 12 Checkable deposits and currency 285.8 239.6 153.2 294.9 400.6 425.2 754.3 828.4 12

 13 Time and savings deposits 4974.1 5493.2 5983.6 6239.3 6330.8 6455.9 6827.9 7204.4 13

 14 Money market fund shares 942.7 1106.8 1346.7 1581.8 1313.2 1129.7 1109.9 1106.7 14

 15 Credit market instruments 4202.8 4414.0 5036.7 5156.8 5603.3 5871.8 5489.0 5627.9 15

 16 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 19.0 16

 17 Treasury securities 430.9 332.5 212.6 194.7 867.8 1144.2 731.6 971.4 17

 18 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 18

 19 Other Treasury 225.8 130.2 16.2 0.8 676.6 956.3 546.4 789.0 19

 20 Agency- and GSE-backed securities 579.5 606.5 867.0 1052.4 350.5 343.5 316.5 184.5 20

 21 Municipal securities 1600.7 1635.6 1673.6 1720.9 1828.0 1871.7 1806.9 1654.7 21

 22 Corporate and foreign bonds 1344.5 1510.6 1961.4 1947.5 2310.7 2292.5 2425.8 2639.7 22

 23 Other loans and advances (5) 8.7 9.1 17.6 29.7 26.8 26.2 23.4 20.9 23

 24 Mortgages 140.1 122.9 109.9 110.9 108.0 94.2 91.0 70.6 24

 25 Consumer credit (student loans) 0.0 79.2 87.6 94.6 88.8 78.4 74.5 67.1 25

 26 Corporate equities (2) 8152.1 10292.9 10118.3 5927.2 7491.9 8994.9 9049.9 10327.0 26

 27 Mutual fund shares (6) 3625.7 4174.0 4683.0 3310.6 4115.8 4594.0 4449.2 5293.7 27

 28 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 752.4 776.0 28

 29 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 1186.1 29

 30 Pension entitlements 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 30

 31 Equity in noncorporate business (7) 8661.6 8969.0 9097.3 7556.0 6323.9 7015.8 7495.6 8181.0 31

 32 Miscellaneous assets 608.7 646.1 712.2 766.3 800.9 805.9 876.1 870.2 32

 33 Liabilities 12162.1 13461.2 14393.8 14276.1 14050.7 13774.8 13568.0 13598.8 33

 34 Credit market instruments 11721.0 12946.3 13829.8 13847.5 13572.9 13197.7 13016.6 12980.5 34

 35 Home mortgages (8) 8911.7 9909.0 10610.3 10576.0 10416.0 9906.7 9677.8 9436.9 35

 36 Consumer credit 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 36

 37 Municipal securities (9) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 37

 38 Depository institution loans n.e.c. -15.8 30.9 21.8 26.4 10.2 61.0 12.4 66.3 38

 39 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 138.1 139.3 39

 40 Commercial mortgages (9) 172.8 190.7 204.0 200.9 194.1 182.6 175.9 172.7 40

 41 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 41

 42 Trade payables (9) 186.3 199.9 214.5 236.7 252.7 274.1 288.2 289.7 42

 43 Deferred and unpaid life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 43

 44 Net worth 62824.7 67475.7 67990.3 57319.1 59039.9 63485.1 64881.0 70927.3 44

 Memo:

 Replacement-cost value of structures:

 45 Residential 12243.6 13114.3 13273.8 12985.7 12680.7 12730.1 12846.1 13218.9 45

 46 Households 12052.3 12911.9 13067.9 12780.0 12479.0 12526.6 12640.3 13010.0 46

 47 Nonprofit organizations 191.3 202.4 205.9 205.6 201.7 203.5 205.8 208.9 47

 48 Nonresidential (nonprofits) 1232.1 1360.6 1450.7 1537.8 1487.7 1500.8 1554.1 1600.3 48

 49 Disposable personal income (SAAR) 9401.8 10037.7 10507.9 10995.4 10937.2 11243.7 11787.4 12245.8 49

 Household net worth as percentage of

 50 disposable personal income (SAAR) 668.2 672.2 647.0 521.3 539.8 564.6 550.4 579.2 50

 Owners’ equity in household real

 51 estate (10) 13100.7 12698.8 10072.7 6833.6 6480.9 6423.1 6234.6 7919.2 51

 Owners’ equity as percentage of

 52 household real estate (11) 59.5 56.2 48.7 39.3 38.4 39.3 39.2 45.6 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) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

(7) Net worth of nonfinancial noncorporate business (table B.103, line 33) and owners’ equity in unincorporated security brokers and dealers.

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

(9) Liabilities of nonprofit organizations.

(10) Line 4 less line 35.

(11) Line 51 divided by line 4.
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Historical Annuals, 2005-2012, December 9, 2013 109

B.102 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 26216.5 28333.5 31499.1 29881.5 27306.1 29153.0 30761.2 32571.2 1

 2 Nonfinancial assets 14307.6 15665.9 17737.5 16944.6 13972.3 15119.3 16238.0 17090.5 2

 3 Real estate (1) 8059.5 9009.0 10681.3 9700.0 6868.1 7718.7 8483.3 9024.9 3

 4 Equipment (2) 3318.5 3541.7 3710.5 3894.2 3826.9 3887.7 4023.7 4146.9 4

 5 Intellectual property products (2) 1305.5 1384.3 1473.6 1539.3 1572.1 1639.3 1719.8 1819.1 5

 6 Inventories (2) 1624.2 1730.9 1872.2 1811.1 1705.3 1873.6 2011.2 2099.6 6

 7 Financial assets 11908.9 12667.6 13761.6 12936.9 13333.8 14033.7 14523.2 15480.7 7

 8 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 13.4 8

 9 Checkable deposits and currency 268.0 150.8 143.2 84.2 155.0 234.6 264.3 356.4 9

 10 Time and savings deposits 450.4 497.0 441.3 311.9 488.8 548.7 561.9 586.8 10

 11 Money market fund shares 352.2 421.3 548.5 727.0 655.5 497.8 462.4 458.3 11

 12 Security repurchase agreements 14.6 15.5 8.1 7.2 7.9 12.1 12.6 10.3 12

 13 Commercial paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 60.3 13

 14 Treasury securities 52.1 45.5 38.3 30.5 43.0 48.0 43.0 50.2 14

 15 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 16.0 14.3 11.7 15

 16 Municipal securities 32.1 28.1 29.2 26.2 27.1 23.9 22.3 34.4 16

 17 Mortgages 68.3 59.8 41.4 33.6 29.5 28.0 27.4 26.9 17

 18 Consumer credit 59.6 53.0 57.2 56.0 53.8 46.2 48.5 48.5 18

 19 Trade receivables 2108.2 2094.6 2254.4 2084.9 2053.9 2155.8 2239.2 2321.6 19

 20 Mutual fund shares (1) 134.4 173.2 178.0 106.3 162.0 186.8 165.9 181.7 20

 21 Miscellaneous assets 8177.1 8941.6 9889.5 9376.9 9555.5 10127.0 10558.6 11320.2 21

 22 Liabilities 11182.1 11821.5 12916.0 13225.1 12904.6 13227.9 13879.6 14379.7 22

 23 Credit market instruments 5785.7 6338.9 7201.0 7567.2 7336.1 7472.2 7999.3 8688.9 23

 24 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 24

 25 Municipal securities (3) 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 25

 26 Corporate bonds (4) 3187.3 3406.1 3729.1 3954.5 4366.2 4804.8 5215.6 5795.2 26

 27 Depository institution loans n.e.c. 591.0 613.1 715.9 780.1 546.0 480.9 549.8 609.5 27

 28 Other loans and advances 903.5 1028.5 1316.1 1384.0 1139.1 948.3 1011.8 1045.2 28

 29 Mortgages 786.5 898.0 967.2 902.2 774.2 670.0 611.9 599.5 29

 30 Trade payables 1700.6 1812.9 1897.9 1672.7 1590.2 1746.5 1771.7 1892.3 30

 31 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 51.7 58.1 31

 32 Miscellaneous liabilities 3609.6 3584.4 3781.3 3946.2 3942.6 3966.2 4057.0 3740.5 32

 33 Net worth (market value) 15034.4 16512.0 18583.0 16656.4 14401.5 15925.1 16881.6 18191.5 33

 Memo:

 Replacement-cost value of structures:

 34 Residential 148.0 159.2 164.9 166.1 163.5 166.3 168.4 169.1 34

 35 Nonresidential 5848.7 6391.2 6757.3 7257.4 6882.9 7114.3 7456.1 7655.8 35

 36 Market value of equities outstanding 12686.6 14602.3 15730.7 10016.6 12512.2 14370.7 14500.8 16100.6 36

 37 Debt/net worth (percent) (5) 38.5 38.4 38.8 45.4 50.9 46.9 47.4 47.8 37

 38 Debt/equities (percent) (6) 45.6 43.4 45.8 75.5 58.6 52.0 55.2 54.0 38

 39 Equities/net worth (percent) (7) 84.4 88.4 84.7 60.1 86.9 90.2 85.9 88.5 39

 With nonfinancial assets stated at historical cost:

 40 Assets (8) 21008.7 22303.7 23937.8 23529.7 23980.1 25015.2 25965.1 27422.0 40

 41 Nonfinancial assets 9099.8 9636.1 10176.2 10592.8 10646.4 10981.5 11441.9 11941.3 41

 42 Real estate 3287.3 3500.1 3759.8 4032.6 4209.8 4379.6 4542.0 4731.0 42

 43 Equipment 3078.8 3235.2 3390.0 3494.4 3463.8 3502.6 3608.6 3748.7 43

 44 Intellectual property products 1214.4 1286.5 1362.9 1436.2 1480.1 1539.7 1609.9 1685.0 44

 45 Inventories 1519.3 1614.2 1663.6 1629.5 1492.7 1559.5 1681.4 1776.7 45

 46 Net worth (historical cost) (9) 9826.6 10482.1 11021.8 10304.6 11075.6 11787.3 12085.5 13042.4 46

 Memo:

 Historical-cost value of structures:

 47 Residential 66.4 71.5 75.8 79.0 80.7 81.6 82.6 84.2 47

 48 Nonresidential 2845.1 3023.9 3246.1 3509.2 3682.7 3811.2 3953.7 4130.5 48

 49 Debt/net worth (percent) (10) 58.9 60.5 65.3 73.4 66.2 63.4 66.2 66.6 49

 (1) At market value.

 (2) At replacement (current) cost.

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

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

 (5) Line 23 divided by line 33.

 (6) Line 23 divided by line 36

 (7) Line 36 divided by line 33.

 (8) Sum of lines 7 and 41.

 (9) Line 40 less line 22.

 (10) Line 23 divided by line 46.
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110 Historical Annuals, 2005-2012, December 9, 2013

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Assets 12830.0 13722.8 14433.6 13339.7 12039.1 12670.8 13217.0 13981.5 1

 2 Nonfinancial assets 10233.3 10606.3 10837.7 9646.6 8463.0 8943.0 9474.6 10170.9 2

 3 Real estate (1) 9318.3 9636.1 9801.2 8573.2 7408.3 7836.7 8305.5 8967.5 3

 4 Residential 6016.5 5997.2 5642.7 4746.7 4349.7 4484.4 4646.2 5032.8 4

 5 Nonresidential 3301.7 3638.9 4158.5 3826.6 3058.6 3352.3 3659.3 3934.6 5

 6 Equipment (2) 555.8 595.8 627.3 663.3 657.1 667.4 693.7 712.9 6

 7 Residential (3) 41.7 44.4 45.5 46.6 44.0 42.2 43.7 44.1 7

 8 Nonresidential 514.0 551.4 581.8 616.8 613.1 625.2 650.0 668.8 8

 9 Intellectual property products (2) 141.2 152.0 162.4 171.0 175.8 183.0 191.0 201.8 9

 10 Inventories (2) 218.2 222.4 246.8 239.0 221.9 256.0 284.4 288.8 10

 11 Financial assets 2596.7 3116.5 3595.9 3693.1 3576.1 3727.8 3742.5 3810.6 11

 12 Checkable deposits and currency 374.1 448.8 515.6 519.4 534.3 531.5 528.9 542.7 12

 13 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 356.2 359.9 364.4 13

 14 Money market fund shares 69.0 72.2 74.3 75.4 73.7 76.8 77.6 78.6 14

 15 Credit market instruments 96.8 96.7 106.7 95.8 89.1 95.8 96.8 98.0 15

 16 Treasury securities 56.2 56.3 59.3 51.8 46.1 48.1 48.6 49.2 16

 17 Municipal securities 4.4 5.8 5.3 4.9 5.1 5.6 5.7 5.8 17

 18 Mortgages 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.0 18

 19 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Trade receivables 430.9 470.9 525.6 522.7 496.3 533.4 538.9 545.6 20

 21 Miscellaneous assets 1301.7 1683.5 2014.3 2121.8 2029.3 2134.1 2140.4 2181.2 21

 22 Insurance receivables 99.2 103.6 107.3 111.5 101.7 131.4 119.8 134.9 22

 23 Equity investment in GSEs (4) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 23

 24 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2013.6 2039.2 24

 25 Liabilities 4180.2 4763.6 5348.9 5794.4 5730.0 5670.9 5734.5 5819.1 25

 26 Credit market instruments 2897.7 3312.9 3774.5 4093.2 3984.5 3946.3 3966.6 4043.1 26

 27 Depository institution loans n.e.c. 670.4 785.7 926.5 1046.1 944.0 923.7 980.4 1070.6 27

 28 Other loans and advances 134.6 151.4 165.0 177.3 172.0 170.6 171.6 181.2 28

 29 Mortgages 2092.7 2375.9 2683.0 2869.9 2868.5 2852.0 2814.7 2791.3 29

 30 Trade payables 334.5 348.9 374.9 380.6 397.4 427.7 435.3 433.8 30

 31 Taxes payable 86.7 95.7 99.5 106.2 99.9 99.2 100.3 101.6 31

 32 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1248.1 1197.7 1232.3 1240.6 32

 33 Net worth (5) 8649.9 8959.2 9084.7 7545.3 6309.1 6999.9 7482.5 8162.4 33

 Memo:

 Replacement-cost value of structures:

 34 Residential 2710.3 2866.0 2910.1 2881.7 2815.4 2839.6 2861.5 2875.3 34

 35 Nonresidential 1399.5 1520.2 1594.6 1682.0 1586.0 1595.4 1646.2 1682.6 35

 36 Debt/net worth (percent) (6) 33.5 37.0 41.5 54.2 63.2 56.4 53.0 49.5 36

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Line 1 less line 25. Included in table B.100, line 31.

(6) Line 26 divided by line 33.
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Historical Annuals, 2005-2012, December 9, 2013 111

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Change in net worth (1) 6207.0 4651.0 514.7 -10671.2 1720.8 4445.2 1395.9 6046.3 1

 2 Net investment 552.0 448.2 791.4 1149.3 942.0 1321.7 1528.3 1221.7 2

 3 Net physical investment 746.2 693.4 542.4 289.4 105.4 130.3 167.3 240.2 3

 4 Capital expenditures 1908.1 1930.1 1834.7 1613.6 1429.3 1448.9 1509.6 1613.2 4

 5 - Consumption of fixed capital 1162.0 1236.7 1292.4 1324.2 1323.8 1318.6 1342.2 1373.0 5

 6 Net lending (+) or net borrowing (-) -194.2 -245.2 249.1 859.9 836.5 1191.4 1361.0 981.5 6

 7 Net acquisition of financial assets 973.2 998.8 1179.1 737.2 654.6 910.4 1148.8 1077.1 7

 8 - Net increase in liabilities 1167.4 1244.1 930.0 -122.6 -181.9 -281.0 -212.2 95.5 8

 Holding gains on assets

 9 at market value (2) 5640.9 4204.4 -312.4 -11673.2 395.5 3013.6 140.8 4758.2 9

 10 Real estate 2914.4 386.3 -1832.8 -3672.9 -1235.5 -374.4 -248.7 1544.5 10

 11 Corporate equities 1076.8 2789.5 929.4 -3889.9 1570.4 1689.9 343.8 1608.0 11

 12 Mutual fund shares 45.0 380.9 274.6 -1334.6 471.1 250.5 -363.5 443.1 12

 13 Equity in noncorporate business 1318.5 303.7 161.3 -1254.2 -1162.2 504.8 532.5 691.1 13

 14 Life insurance reserves 6.2 -85.2 3.6 -88.7 35.7 19.0 -20.4 8.7 14

 15 Pension entitlements 280.1 429.2 151.6 -1432.9 716.3 924.9 -102.8 462.8 15

 16 Equity investment under PPIP 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 16

 Holding gains on assets

 17 at current cost (2) -41.5 -43.8 -53.0 -26.8 -41.0 -85.4 22.2 -35.0 17

 18 Consumer durable goods -44.1 -46.9 -55.6 -32.0 -40.8 -88.3 17.9 -38.8 18

 19 Equipment 0.4 1.5 0.1 3.9 -0.5 1.4 2.0 0.6 19

 20 Intellectual property products 2.1 1.5 2.6 1.2 0.3 1.5 2.3 3.2 20

 21 Other volume changes (3) 55.6 42.3 88.6 -120.5 424.3 195.3 -295.4 101.4 21

 Memo:

 22 Net worth outstanding (4) 62824.7 67475.7 67990.3 57319.1 59039.9 63485.1 64881.0 70927.3 22

 23 Disposable personal income 9401.8 10037.7 10507.9 10995.4 10937.2 11243.7 11787.4 12245.8 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.100, line 44.
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112 Historical Annuals, 2005-2012, December 9, 2013

R.102 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Change in net worth (1) 1464.4 1477.6 2071.1 -1926.6 -2254.9 1523.6 956.5 1310.0 1

 2 Net investment -50.7 -310.6 -603.5 -974.9 401.0 55.5 -613.7 151.3 2

 3 Net physical investment 311.0 393.8 389.8 302.7 -87.8 187.6 258.9 327.6 3

 4 Capital expenditures 1188.3 1336.3 1391.1 1358.6 1009.3 1238.9 1337.2 1504.1 4

 5 - Consumption of fixed capital 909.4 978.2 1040.8 1092.9 1090.4 1092.4 1134.4 1186.6 5

 6 - Inventory valuation adjustment -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -56.0 -10.0 6

 7 Net lending (+) or net borrowing (-) -19.9 -138.6 -206.5 -943.3 551.0 145.5 -400.3 223.4 7

 8 Net acquisition of financial assets 945.7 700.7 1074.6 -604.2 302.4 633.2 494.1 890.2 8

 9 - Net increase in liabilities 965.6 839.3 1281.1 339.1 -248.5 487.8 894.4 666.9 9

 10 Net corporate equity issues -341.8 -565.7 -786.8 -334.3 -62.1 -277.5 -472.3 -399.7 10

 Holding gains on assets

 11 at market value (2) 880.2 869.9 1536.5 -1178.4 -2875.2 805.0 709.9 482.4 11

 12 Real estate 872.0 854.7 1526.8 -1123.2 -2895.7 791.4 717.9 465.0 12

 13 Mutual fund shares 8.1 15.2 9.7 -55.2 20.4 13.6 -8.1 17.4 13

 Holding gains on assets less

 14 liabilities at current cost (2) 171.6 142.5 251.5 8.0 165.6 3.4 135.8 52.8 14

 15 Equipment 53.0 80.9 33.8 104.8 -10.1 48.4 62.2 21.1 15

 16 Intellectual property products 28.4 22.2 31.2 12.8 3.0 22.2 27.6 45.2 16

 17 Inventories (3) 43.9 4.7 68.5 -66.5 39.9 63.6 42.5 7.4 17

 18 Direct investment abroad 86.3 15.9 145.1 -144.4 -35.7 -145.6 -7.1 -24.9 18

 19 - Foreign direct investment in U.S. 41.0 -18.8 27.1 -101.2 -168.5 -14.8 -10.7 -4.0 19

 20 Other volume changes (4) 463.3 775.8 886.5 218.8 53.8 659.6 724.5 623.4 20

 Memo:

 21 Net worth outstanding (5) 15034.4 16512.0 18583.0 16656.4 14401.5 15925.1 16881.6 18191.5 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.102, line 33.
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Historical Annuals, 2005-2012, December 9, 2013 113

R.103 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Change in net worth (1) 1276.2 309.3 125.5 -1539.3 -1236.2 690.7 482.7 679.9 1

 2 Net capital transfers paid -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 2

 3 Net investment -27.5 10.6 -36.6 -295.4 -64.4 194.0 -49.4 -7.3 3

 4 Net physical investment 78.0 73.0 69.1 52.6 -12.8 -10.8 -0.9 9.3 4

 5 Capital expenditures 292.4 305.7 314.7 307.1 240.2 241.0 255.8 273.8 5

 6 - Consumption of fixed capital 214.4 232.7 245.6 254.5 253.0 251.8 256.8 264.5 6

 7 Net lending (+) or net borrowing (-) -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 7

 8 Net acquisition of financial assets 437.2 519.8 479.4 97.2 -117.0 151.7 14.7 68.1 8

 9 - Net increase in liabilities 502.1 592.8 548.5 146.6 -135.8 133.1 12.2 72.4 9

 10 Proprietor’s net investment (2) -40.6 10.6 -36.6 -298.7 -70.4 186.2 -51.0 -12.3 10

 11 Holding gains on real estate (3) 1306.6 279.7 128.3 -1255.5 -1165.9 446.1 482.1 669.5 11

 12 Residential 947.2 -47.5 -372.9 -896.9 -387.0 151.6 176.4 401.6 12

 13 Nonresidential 359.5 327.2 501.2 -358.7 -778.9 294.4 305.7 267.9 13

 14 Holding gains on assets at current cost (3) 21.7 20.3 34.0 16.2 -4.9 44.7 50.4 26.2 14

 15 Residential equipment 1.1 0.7 -0.5 0.1 -2.7 -2.3 1.3 1.0 15

 16 Nonresidential equipment 9.2 13.3 8.6 21.9 6.2 8.8 15.6 11.3 16

 17 Intellectual property products 2.6 2.7 2.8 1.5 0.2 2.0 2.4 4.6 17

 18 Inventories 8.8 3.6 23.1 -7.3 -8.6 36.2 31.1 9.3 18

 19 Other volume changes (4) -11.6 -1.2 -0.2 -1.3 5.0 13.7 1.2 -3.6 19

 Memo:

 20 Net worth outstanding (5) 8649.9 8959.2 9084.7 7545.3 6309.1 6999.9 7482.5 8162.4 20

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 19).

(2) Shown on table F.103, line 30.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 33.
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114 Historical Annuals, 2005-2012, December 9, 2013

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Assets 74986.8 80936.8 82384.1 71595.2 73090.6 77259.9 78448.9 84526.0 1

 2 Nonfinancial assets 28584.5 29618.7 28272.8 24851.1 23676.7 23340.5 23278.9 25004.5 2

 3 Financial assets 46402.3 51318.1 54111.3 46744.0 49413.8 53919.4 55170.0 59521.5 3

 4 Deposits 6262.6 6904.8 7564.0 8172.9 8094.8 8060.5 8738.9 9184.5 4

 5 Credit market instruments 4202.8 4414.0 5036.7 5156.8 5603.3 5871.8 5489.0 5627.9 5

 6 Equity shares at market value 13967.8 16890.0 17285.1 10190.8 13084.5 15453.1 15098.3 17219.0 6

 7 Directly held 8152.1 10292.9 10118.3 5927.2 7491.9 8994.9 9049.9 10327.0 7

 8 Indirectly held 5815.8 6597.1 7166.8 4263.6 5592.6 6458.2 6048.4 6892.0 8

 9 Life insurance companies 1140.1 1334.7 1466.8 956.9 1220.3 1420.5 1395.7 1556.5 9

 10 Private pension funds (2) 2060.6 2178.9 2275.6 1370.9 1795.6 2117.6 2015.7 2287.8 10

 11 Federal govt. retirement funds (2) 110.9 135.6 145.7 83.7 116.8 140.9 134.4 148.1 11

 12 Mutual funds 2504.2 2947.8 3278.7 1852.0 2459.9 2779.1 2502.6 2899.6 12

 13 Other 21969.0 23109.4 24225.5 23223.6 22631.2 24533.9 25843.8 27490.1 13

 14 Liabilities 12162.1 13461.2 14393.8 14276.1 14050.7 13774.8 13568.0 13598.8 14

 15 Net worth 62824.7 67475.7 67990.3 57319.1 59039.9 63485.1 64881.0 70927.3 15

 Memo:

 Equity shares (line 6) as a percent of

 16 Total assets (line 1) 18.6 20.9 21.0 14.2 17.9 20.0 19.2 20.4 16

 17 Financial assets (line 3) 30.1 32.9 31.9 21.8 26.5 28.7 27.4 28.9 17

(1) Estimates of equity shares (lines 7 through 12) could differ from other sources owing to alternative definitions of ownership of equity by households.

 Prior to 1985, all pension assets are assumed to have been in defined benefit plans.

(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 13.
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Historical Annuals, 2005-2012, December 9, 2013 115

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Current receipts, NIPA basis 3663.5 4001.8 4202.4 4043.8 3691.2 3885.0 4074.1 4259.2 1

 2 Personal current taxes 1208.5 1352.1 1487.9 1435.2 1144.9 1191.5 1404.0 1498.0 2

 3 Taxes on production and imports 934.5 991.9 1034.6 1041.9 1026.1 1057.1 1097.1 1122.9 3

 4 Taxes on corporate income 395.9 454.3 420.7 281.1 246.0 346.3 345.0 402.4 4

 5 Taxes from the rest of the world 12.1 14.6 15.3 18.8 14.8 15.7 16.3 17.8 5

 6 Contributions for govt. social insurance 878.0 927.2 966.1 993.1 969.4 989.0 922.6 955.3 6

 7 Income receipts on assets 115.8 136.1 151.3 139.6 136.3 137.2 137.4 131.4 7

 8 Current transfer receipts 125.0 134.9 142.9 155.4 174.3 171.1 175.4 159.1 8

 9 Current surplus of government enterprises -6.4 -9.3 -16.4 -21.2 -20.6 -22.9 -23.8 -27.7 9

 10 Current expenditures, NIPA basis 4035.6 4269.3 4541.8 4844.0 5213.0 5451.8 5535.4 5621.6 10

 11 Consumption expenditures 1980.0 2089.8 2209.7 2368.6 2442.1 2522.2 2526.1 2548.0 11

 12 Government social benefits 1497.5 1600.6 1705.5 1862.8 2117.5 2250.5 2277.4 2334.8 12

 13 Other current transfer payments 40.9 35.0 42.3 45.0 52.7 50.6 56.5 49.9 13

 14 Interest payments 456.2 492.4 529.8 515.0 542.4 572.7 615.5 631.6 14

 15 Subsidies 60.9 51.5 54.6 52.6 58.3 55.9 60.0 57.3 15

 16 Net saving, NIPA basis -372.0 -267.5 -339.4 -800.2 -1521.7 -1566.8 -1461.3 -1362.3 16

 17 + Consumption of fixed capital 346.7 371.0 399.4 426.5 442.7 458.1 478.1 493.6 17

 18 - Insurance and pension fund reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 -0.4 -1.4 18

 19 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 5.0 4.9 4.4 4.6 19

 20 - Net capital transfers (2) 10.0 -14.6 -6.4 -13.3 -3.4 8.1 7.5 5.8 20

 21 = Gross saving less net capital transfers -40.7 113.3 61.5 -364.6 -1081.1 -1120.1 -994.7 -877.7 21

 22 Gross investment 122.2 229.8 143.3 -497.3 -1082.1 -1065.7 -1043.1 -743.6 22

 23 Fixed investment 513.6 552.3 592.2 634.6 647.0 651.8 632.6 619.0 23

 24 Nonproduced nonfinancial assets 8.0 -3.4 10.3 -6.6 3.4 9.6 9.2 8.9 24

 25 Net lending (+) or net borrowing (-) -399.4 -319.1 -459.2 -1125.4 -1732.5 -1727.1 -1684.9 -1371.4 25

 26 Net acquisition of financial assets 176.9 131.8 160.5 522.2 265.1 340.3 -166.9 64.3 26

 27 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 16.2 4.3 27

 28 Checkable deposits and currency 28.0 2.7 24.9 321.6 -155.1 154.5 -241.0 -2.3 28

 29 Time and savings deposits 2.3 17.1 34.4 17.6 9.6 -6.8 14.2 20.5 29

 30 Money market fund shares 13.6 15.4 17.8 2.7 9.8 13.7 -0.1 -7.5 30

 31 Security repurchase agreements 5.7 5.7 6.2 -12.0 -4.2 -1.4 -6.5 -5.9 31

 32 Credit market instruments 61.4 73.0 82.5 41.2 288.3 137.8 -13.6 56.4 32

 33 Open market paper -0.1 -1.4 -2.4 -22.0 -39.0 13.0 -10.8 -4.6 33

 34 Agency- and GSE-backed securities (3) 35.7 39.0 44.3 36.2 151.7 -24.7 -130.8 -56.1 34

 35 Municipal securities 1.2 1.4 1.6 0.4 1.0 1.4 0.1 -0.6 35

 36 Corporate and foreign bonds 11.5 12.6 14.3 -5.6 3.9 7.7 -4.1 -8.2 36

 37 Mortgages 17.0 19.8 20.4 7.5 17.5 4.6 -0.4 -8.3 37

 38 Consumer credit 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 38

 39 Other loans and advances (4) -7.7 -0.0 -2.9 5.2 65.2 2.7 4.0 2.1 39

 40 Corporate equities 4.4 4.5 4.9 248.5 -1.7 23.8 36.0 -17.5 40

 41 Mutual fund shares 3.5 3.9 4.4 -0.7 1.7 2.8 -0.7 -2.2 41

 42 Trade receivables 26.6 -2.7 9.0 -11.2 -25.7 12.4 7.1 11.0 42

 43 Taxes receivable 40.3 5.6 -32.4 -56.4 30.0 27.8 22.9 13.3 43

 44 Miscellaneous assets 5.7 9.5 9.1 -33.2 60.6 -25.9 -1.3 -5.7 44

 45 Net increase in liabilities 576.3 450.9 619.7 1647.6 1997.6 2067.4 1518.1 1435.7 45

 46 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 46

 47 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 47

 48 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 48

 49 Credit market instruments 340.6 225.4 305.8 1302.7 1573.4 1642.1 1059.8 1143.8 49

 50 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 50

 51 Treasury bills and other Treasury securities (4) 199.3 128.1 166.1 1287.8 1463.9 1576.0 1115.0 1152.6 51

 52 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 52

 53 Municipal securities 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 53

 54 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

 55 Trade payables 65.6 40.5 66.1 61.2 -17.3 44.7 47.8 47.0 55

 56 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 1.3 0.3 56

 57 Miscellaneous liabilities (5) 168.2 183.0 247.4 283.6 390.0 380.0 409.1 244.7 57

 58 Discrepancy -162.9 -116.5 -81.8 132.8 1.0 -54.3 48.4 -134.1 58

 Memo:

 59 Net govt. saving less fixed investment (6) -885.7 -819.9 -931.6 -1434.8 -2168.7 -2218.6 -2093.9 -1981.3 59

 60 Adjustment between NIPA and FOF (7) 486.2 500.8 472.5 309.4 436.2 491.5 409.0 609.8 60

 61 Items to be financed (8) -399.4 -319.1 -459.2 -1125.4 -1732.5 -1727.1 -1684.9 -1371.4 61

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(2) Table F.9, line 60 less line 12.

(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(4) Excludes transactions with state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Line 17 less line 24.

(7) Line 18 less the sum of lines 19, 20, 21, 25, and 59.

(8) Line 60 plus line 61.
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116 Historical Annuals, 2005-2012, December 9, 2013

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

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 2438.8 2616.5 2827.1 3296.9 3452.3 3757.4 3539.6 3625.4 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 103.9 102.8 2

 3 Checkable deposits and currency 103.0 104.5 127.9 447.9 292.7 446.7 205.6 209.6 3

 4 Time and savings deposits 171.3 188.4 222.9 240.4 250.1 243.2 257.4 291.8 4

 5 Money market fund shares 89.9 105.2 123.1 125.7 135.5 149.3 149.2 141.7 5

 6 Security repurchase agreements 130.0 135.7 141.8 129.8 125.5 124.2 117.7 111.7 6

 7 Credit market instruments 1126.9 1217.1 1299.6 1340.8 1629.1 1770.5 1756.9 1813.2 7

 8 Open market paper 153.2 151.9 149.5 127.5 88.5 101.5 90.7 86.1 8

 9 Agency- and GSE-backed securities (1) 413.3 452.3 496.6 532.8 684.5 659.8 529.0 472.9 9

 10 Municipal securities 6.9 8.3 10.0 10.4 11.4 12.8 12.9 12.2 10

 11 Corporate and foreign bonds 131.4 144.0 158.4 152.8 156.7 164.4 160.4 152.2 11

 12 Mortgages 235.4 255.2 275.6 283.1 300.6 308.8 308.4 300.1 12

 13 Consumer credit 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 13

 14 Other loans and advances (2) 96.8 96.8 93.9 99.1 164.3 167.0 171.0 173.1 14

 15 Corporate equities 116.1 132.9 141.6 279.5 178.8 175.7 180.5 170.2 15

 16 Mutual fund shares 40.7 49.1 54.9 36.2 48.3 58.2 58.0 61.9 16

 17 Trade receivables 213.4 210.7 219.7 208.5 182.8 195.1 202.2 213.2 17

 18 Taxes receivable 193.9 210.5 222.4 242.4 250.9 262.1 272.8 279.4 18

 19 Miscellaneous assets 218.3 227.7 236.9 203.7 263.9 237.0 235.6 229.8 19

 20 Total liabilities 10233.4 10477.6 10976.4 13533.4 15136.5 17252.6 18735.4 19884.7 20

 21 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 21

 22 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 22

 23 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 23

 24 Credit market instruments 6768.9 6994.3 7300.1 8602.8 10176.2 11818.3 12878.1 14021.9 24

 25 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 25

 26 Treasury bills and other Treasury securities (3) 3960.7 4088.9 4255.0 5542.8 7006.7 8582.7 9697.7 10850.3 26

 27 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 27

 28 Municipal securities 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 28

 29 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 30 Trade payables 684.7 725.1 791.2 852.4 835.1 879.9 927.7 974.7 30

 31 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 49.7 50.0 31

 32 Miscellaneous liabilities (4) 2700.5 2676.3 2802.4 3995.6 3990.9 4420.5 4794.5 4752.8 32

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

(4) Includes nonmarketable government securities held by the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military

 retirement fund, and foreign service retirement and disability fund.
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Historical Annuals, 2005-2012, December 9, 2013 117

F.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net acquisition of financial assets (1) 65.0 59.0 61.1 57.1 57.3 53.3 50.9 50.7 1

 2 Checkable deposits and currency 0.1 0.2 0.8 -4.2 -2.6 2.7 1.8 -0.4 2

 3 Time and savings deposits 5.6 0.4 3.4 -5.5 3.4 -0.2 1.2 -1.3 3

 4 Money market fund shares 0.0 0.0 0.4 -15.1 0.4 -5.1 -0.3 -1.6 4

 5 Security repurchase agreements 0.7 0.3 0.2 -1.0 0.2 -0.2 0.0 -0.1 5

 6 Credit market instruments 33.8 34.3 23.1 -52.9 4.1 71.7 78.0 2.6 6

 7 Open market paper 0.6 0.3 3.9 -7.9 3.2 -1.0 1.1 -1.4 7

 8 Treasury securities 1.4 11.8 -1.9 -10.9 12.7 7.4 19.3 26.9 8

 9 Agency- and GSE-backed securities 16.1 2.6 4.0 -23.3 -6.6 2.7 14.3 12.3 9

 10 Corporate and foreign bonds 15.9 19.6 15.4 -3.1 -3.3 61.4 45.8 -33.3 10

 11 Mortgages -0.2 -0.1 1.7 -7.7 -2.0 1.2 -2.4 -1.9 11

 12 Corporate equities -49.0 -107.9 15.2 -70.1 -41.8 -4.1 -65.4 0.8 12

 13 Mutual fund shares -7.0 -0.2 6.3 52.0 -8.0 -10.8 12.5 0.3 13

 14 Miscellaneous assets 80.7 131.9 11.6 154.0 101.7 -0.4 23.1 50.4 14

 15 Unallocated insurance contracts (2) -16.4 12.0 2.5 17.7 -8.4 -13.2 11.8 0.1 15

 16 Contributions receivable -1.9 -0.2 2.5 16.7 -5.3 13.4 1.7 -1.4 16

 17 Claims of pension fund on sponsor (3) 100.4 105.6 -4.8 109.3 88.6 -9.9 -11.6 54.1 17

 18 Other -1.5 14.5 11.5 10.2 26.8 9.3 21.2 -2.3 18

 19 Net increase in pension entitlements (liabilities) (4) 65.5 59.4 61.8 57.5 57.3 53.4 50.8 50.7 19

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

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

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

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

F.117.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets 107.9 100.3 109.1 152.0 57.7 93.3 31.8 69.8 1

 2 Checkable deposits and currency 0.2 0.2 0.6 -1.3 -0.3 -0.5 4.0 0.1 2

 3 Time and savings deposits 0.7 0.5 0.5 1.3 -0.6 -0.7 0.2 -0.5 3

 4 Money market fund shares 1.9 3.4 6.5 20.3 -9.1 -5.0 17.2 -2.5 4

 5 Security repurchase agreements 0.4 0.7 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 11.4 24.1 8.9 48.1 8.6 51.5 -4.8 9.3 6

 7 Open market paper 2.4 -0.1 -1.4 2.0 -2.2 -1.7 1.1 -1.0 7

 8 Treasury securities 2.1 2.4 3.1 17.3 22.2 25.9 8.5 20.8 8

 9 Agency- and GSE-backed securities 0.7 14.0 0.4 23.1 0.2 3.8 -11.0 4.7 9

 10 Corporate and foreign bonds 6.3 8.1 6.3 6.0 -11.2 22.0 -1.2 -14.5 10

 11 Mortgages 0.0 -0.2 0.5 -0.3 -0.4 1.6 -2.2 -0.7 11

 12 Corporate equities 6.9 21.4 -10.6 -3.0 -53.6 29.3 1.6 8.8 12

 13 Mutual fund shares 77.0 75.0 74.9 33.5 64.5 45.9 -11.0 52.3 13

 14 Miscellaneous assets 9.4 -25.0 28.3 53.1 48.2 -27.2 24.8 2.4 14

 15 Unallocated insurance contracts (2) 15.0 -13.4 11.7 63.4 41.0 -32.3 0.6 3.5 15

 16 Contributions receivable 0.0 -1.8 2.1 -2.0 -3.1 2.1 1.3 -0.6 16

 17 Other -5.6 -9.8 14.4 -8.3 10.3 3.0 22.9 -0.5 17

 18 Net increase in pension entitlements (liabilities) 107.9 100.3 109.1 152.0 57.7 93.3 31.8 69.8 18

(1) Includes 401(k) type plans.

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

F.226.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: 206.4 247.4 275.7 247.5 198.6 88.7 20.1 164.4 1

 2 U.S.-chartered depository institutions 7.4 30.6 22.2 44.2 30.7 26.6 20.3 24.4 2

 3 Credit unions 1.6 3.9 5.0 7.2 8.7 3.0 1.2 1.4 3

 4 Life insurance companies 28.2 12.2 18.5 24.3 -13.4 17.4 13.2 8.2 4

 5 Money market mutual funds 7.0 35.0 44.0 48.0 -41.0 -25.0 9.0 7.0 5

 6 Mutual funds 73.2 105.3 123.1 -117.8 150.7 122.3 44.0 59.1 6

 7 Other self-directed accounts 89.0 60.4 62.9 241.5 62.9 -55.6 -67.7 64.3 7

(1) Assets of the household sector (F.100). IRA assets are not included in pension entitlements (table F.226), except for those at life insurance companies. Figures for depositories (lines 2 and 3)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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118 Historical Annuals, 2005-2012, December 9, 2013

L.117.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets (1) 2251.2 2364.3 2494.9 2572.9 2626.3 2835.7 2916.6 3017.8 1

 2 Checkable deposits and currency 5.3 11.1 11.9 7.7 5.0 7.7 9.5 9.0 2

 3 Time and savings deposits 42.0 26.4 29.8 24.3 27.7 27.5 28.7 27.4 3

 4 Money market fund shares 0.0 54.2 54.6 39.5 39.8 34.7 34.3 32.7 4

 5 Security repurchase agreements 5.1 3.5 3.7 2.8 2.9 2.7 2.7 2.6 5

 6 Credit market instruments 468.5 569.2 592.3 539.4 543.5 615.1 693.2 695.7 6

 7 Open market paper 5.1 32.1 36.0 28.0 31.2 30.2 31.3 29.8 7

 8 Treasury securities 60.0 112.2 110.2 99.3 112.1 119.4 138.8 165.6 8

 9 Agency- and GSE-backed securities 198.5 142.1 146.1 122.8 116.3 119.0 133.3 145.6 9

 10 Corporate and foreign bonds 200.6 257.9 273.3 270.2 266.9 328.3 374.1 340.8 10

 11 Mortgages 4.2 24.9 26.6 19.0 17.0 18.2 15.8 13.9 11

 12 Corporate equities 1392.8 1150.7 1209.3 726.1 863.8 1010.7 929.5 1034.4 12

 13 Mutual fund shares 253.4 313.7 331.8 257.3 322.9 349.8 356.6 396.9 13

 14 Miscellaneous assets 84.2 235.6 261.5 975.9 820.6 787.5 862.0 819.1 14

 15 Unallocated insurance contracts (2) 88.8 61.7 65.3 54.0 58.1 53.5 64.4 71.6 15

 16 Contributions receivable 1.8 35.9 38.4 55.1 49.8 63.1 64.8 63.4 16

 17 Claims of pension fund on sponsor (3) -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 17

 18 Other 23.7 167.1 178.5 188.7 215.5 224.8 246.0 243.7 18

 19 Pension entitlements (liabilities) (4) 2290.4 2402.0 2529.1 2608.2 2662.7 2872.2 2953.1 3054.3 19

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

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

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

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

L.117.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets 3107.7 3398.2 3593.6 2673.2 3313.6 3753.5 3719.4 4120.9 1

 2 Checkable deposits and currency 5.5 6.3 6.9 5.7 5.4 4.8 8.8 8.9 2

 3 Time and savings deposits 20.3 4.0 4.6 5.9 5.3 4.6 4.7 4.2 3

 4 Money market fund shares 86.7 90.0 96.5 116.8 107.6 102.6 119.8 117.3 4

 5 Security repurchase agreements 17.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 231.4 186.4 195.3 243.4 252.0 303.5 298.6 307.9 6

 7 Open market paper 26.4 15.7 14.2 16.3 14.1 12.4 13.5 12.4 7

 8 Treasury securities 56.5 27.6 30.8 48.1 70.3 96.2 104.7 125.5 8

 9 Agency- and GSE-backed securities 53.5 44.0 44.4 67.5 67.7 71.4 60.4 65.1 9

 10 Corporate and foreign bonds 89.3 92.0 98.3 104.4 93.2 115.1 114.0 99.5 10

 11 Mortgages 5.6 7.0 7.5 7.2 6.7 8.4 6.1 5.5 11

 12 Corporate equities 1048.9 1000.5 1013.9 654.3 783.3 927.6 896.6 1005.3 12

 13 Mutual fund shares 1332.0 1531.4 1663.6 1104.9 1504.7 1734.9 1696.1 1941.5 13

 14 Miscellaneous assets 365.9 579.6 613.0 542.4 655.4 675.5 694.7 735.8 14

 15 Unallocated insurance contracts (2) 249.6 268.3 285.2 224.9 330.7 345.7 340.7 382.9 15

 16 Contributions receivable 43.0 28.8 30.9 28.9 25.8 27.9 29.2 28.6 16

 17 Other 73.3 282.4 296.9 288.5 298.9 301.9 324.7 324.2 17

 18 Pension entitlements (liabilities) 3107.7 3398.2 3593.6 2673.2 3313.6 3753.5 3719.4 4120.9 18

(1) Includes 401(k) type plans.

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

L.226.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: 3425.0 4207.0 4748.0 3681.0 4363.0 4839.0 4872.0 5407.0 1

 2 U.S.-chartered depository institutions 229.1 259.6 281.8 326.0 356.7 383.3 403.6 428.0 2

 3 Credit unions 49.3 53.2 58.2 65.5 74.2 77.2 78.4 79.9 3

 4 Life insurance companies 381.0 406.0 427.0 377.0 398.0 434.0 441.0 468.0 4

 5 Money market mutual funds 144.0 179.0 223.0 271.0 230.0 205.0 214.0 221.0 5

 6 Mutual funds 1502.0 1778.0 2000.0 1276.0 1670.0 1935.0 1898.0 2155.0 6

 7 Other self-directed accounts 1119.6 1531.2 1757.9 1365.5 1634.1 1804.5 1836.9 2055.1 7

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension entitlements (table L.226), except for those at life insurance companies. Figures for depositories

 (lines 2 and 3) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 4) and are excluded from the mutual fund sector (line 6) and from the money market fund sector (line 5).
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Historical Annuals, 2005-2012, December 9, 2013 119

F.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Net acquisition of financial assets 7.4 5.8 1.6 2.2 4.8 9.9 11.7 15.6 1

 2 Checkable deposits and currency 0.6 4.1 -2.4 2.1 5.7 -0.8 -1.7 4.2 2

 3 Credit market instruments 1.9 0.5 2.4 2.4 1.1 2.8 3.1 3.7 3

 4 Corporate and foreign bonds 1.1 -0.0 0.2 0.2 0.7 0.4 -0.3 0.9 4

 5 Mortgages 0.8 0.6 2.2 2.2 0.4 2.4 3.4 2.9 5

 6 Home -0.0 0.0 -0.0 0.0 0.0 0.0 0.1 0.0 6

 7 Multifamily residential 0.1 0.0 -0.1 0.2 -0.2 0.0 -0.0 0.1 7

 8 Commercial 0.7 0.5 2.3 2.0 0.6 2.4 3.4 2.8 8

 9 Miscellaneous assets 4.9 1.2 1.5 -2.3 -2.0 7.9 10.3 7.7 9

 10 Net increase in liabilities 28.3 8.4 28.2 2.3 -30.8 16.7 37.6 41.8 10

 11 Credit market instruments 27.3 4.2 23.8 7.9 -17.7 4.6 32.4 42.9 11

 12 Corporate bonds 7.8 1.0 12.6 -1.4 -11.4 6.3 18.2 26.0 12

 13 Depository institution loans n.e.c. 5.4 -3.4 6.5 2.5 -9.7 -2.0 5.1 1.3 13

 14 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 9.1 15.6 14

 15 Multifamily residential -0.1 0.3 -2.3 2.3 1.8 0.8 -0.1 -1.1 15

 16 Commercial 14.2 6.3 7.0 4.5 1.6 -0.6 9.2 16.7 16

 17 Miscellaneous liabilities 1.0 4.2 4.3 -5.5 -13.0 12.1 5.2 -1.1 17

F.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars

 1 Net acquisition of financial assets 46.8 32.9 -27.6 -70.1 -14.1 31.9 106.6 142.1 1

 2 Checkable deposits and currency 0.8 0.7 0.6 -0.3 2.1 -2.0 3.7 3.3 2

 3 Credit market instruments 39.3 25.5 -22.3 -71.4 -9.7 34.4 99.8 124.0 3

 4 Agency- and GSE-backed securities -4.0 24.8 23.5 0.7 15.5 38.2 101.4 111.5 4

 5 Corporate and foreign bonds 15.9 11.7 -30.4 -23.0 3.1 4.9 1.6 9.2 5

 6 Mortgages 27.5 -10.9 -15.4 -49.1 -28.4 -8.7 -3.2 3.3 6

 7 Home 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 -0.8 5.5 7

 8 Multifamily residential 0.2 3.1 0.3 -1.1 -1.8 -0.4 -0.2 0.0 8

 9 Commercial 2.5 9.8 7.8 -1.6 -4.8 -4.6 -2.3 -2.2 9

 10 Miscellaneous assets 6.7 6.6 -5.9 1.5 -6.5 -0.5 3.0 14.8 10

 11 Net increase in liabilities 44.8 29.3 -19.5 -71.2 -22.0 26.2 93.9 121.5 11

 12 Security repurchase agreements 13.2 14.4 -6.2 -12.3 11.1 30.0 94.9 103.4 12

 13 Credit market instruments 28.1 11.3 -13.6 -61.7 -32.3 -6.7 -4.2 -0.0 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds 25.1 13.0 -11.9 -58.9 -29.8 -6.4 -2.8 0.1 15

 16 Depository institution loans n.e.c. 3.0 -1.6 -1.7 -2.8 -2.5 -0.3 -1.4 -0.1 16

 17 Miscellaneous liabilities 3.5 3.5 0.3 2.8 -0.8 2.8 3.2 18.1 17

 Memo:

 18 Securitized assets included above 17.3 2.8 -17.9 -46.7 -25.3 0.4 -3.1 -4.6 18

 19 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Home mortgages 15.7 -9.8 -20.2 -40.6 -25.7 1.1 -0.7 3.6 20

 21 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 21

 22 Commercial mortgages 1.6 12.3 2.4 -6.1 0.4 -0.7 -2.3 -8.1 22
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120 Historical Annuals, 2005-2012, December 9, 2013

L.127.e Equity Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Total financial assets 55.8 61.6 63.2 65.4 70.2 80.1 91.8 107.4 1

 2 Checkable deposits and currency 9.3 13.4 11.0 13.1 18.8 18.0 16.4 20.6 2

 3 Credit market instruments 9.0 9.5 12.0 14.4 15.5 18.2 21.3 25.0 3

 4 Corporate and foreign bonds 2.5 2.5 2.7 2.9 3.6 4.0 3.7 4.5 4

 5 Mortgages 6.5 7.1 9.3 11.5 11.8 14.2 17.6 20.5 5

 6 Home 0.0 0.1 0.0 0.1 0.1 0.1 0.2 0.2 6

 7 Multifamily residential 0.4 0.5 0.3 0.5 0.3 0.3 0.3 0.4 7

 8 Commercial 6.0 6.6 8.9 10.9 11.5 13.8 17.2 20.0 8

 9 Miscellaneous assets 37.5 38.7 40.2 37.9 35.9 43.8 54.1 61.8 9

 10 Total liabilities 305.4 313.8 342.0 344.3 313.5 330.2 367.8 409.6 10

 11 Credit market instruments 258.3 262.4 286.3 294.1 276.4 281.0 313.3 356.2 11

 12 Corporate bonds 90.5 91.4 104.0 102.6 91.2 97.5 115.7 141.8 12

 13 Depository institution loans n.e.c. 22.3 19.0 25.5 28.0 18.3 16.4 21.4 22.7 13

 14 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 176.2 191.8 14

 15 Multifamily residential 24.8 25.1 22.7 25.1 26.8 27.7 27.6 26.5 15

 16 Commercial 120.7 127.0 134.0 138.4 140.1 139.4 148.6 165.3 16

 17 Miscellaneous liabilities 47.2 51.3 55.7 50.2 37.1 49.2 54.5 53.3 17

L.127.m Mortgage Real Estate Investment Trusts (REITs)

Billions of dollars

 1 Total financial assets 250.0 283.0 255.3 185.2 171.0 202.9 309.5 451.6 1

 2 Checkable deposits and currency 4.3 5.0 5.6 5.3 7.5 5.5 9.2 12.5 2

 3 Credit market instruments 231.3 256.8 234.5 163.1 153.4 187.8 287.6 411.6 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.1 143.3 244.7 356.2 4

 5 Corporate and foreign bonds 50.5 62.1 31.7 8.7 11.9 16.8 18.4 27.7 5

 6 Mortgages 140.2 129.3 113.9 64.8 36.4 27.7 24.5 27.8 6

 7 Home 127.9 104.1 80.6 34.2 12.5 8.8 8.0 13.4 7

 8 Multifamily residential 1.5 4.6 4.9 3.8 2.0 1.6 1.4 1.5 8

 9 Commercial 10.8 20.6 28.4 26.8 22.0 17.3 15.1 12.9 9

 10 Miscellaneous assets 14.4 21.1 15.2 16.7 10.2 9.6 12.7 27.5 10

 11 Total liabilities 228.8 258.1 238.6 167.3 145.3 171.5 265.4 386.9 11

 12 Security repurchase agreements 83.5 97.9 91.7 79.4 90.4 120.5 215.4 318.7 12

 13 Credit market instruments 137.2 148.5 134.9 73.3 41.0 34.3 30.1 30.1 13

 14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

 15 Corporate bonds 126.2 139.2 127.3 68.4 38.6 32.2 29.4 29.4 15

 16 Depository institution loans n.e.c. 11.0 9.4 7.6 4.8 2.4 2.1 0.7 0.6 16

 17 Miscellaneous liabilities 8.1 11.6 11.9 14.7 13.9 16.7 20.0 38.1 17

 Memo:

 18 Securitized assets included above 107.3 110.0 92.1 45.4 20.1 20.5 17.4 12.9 18

 19 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

 20 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.2 6.5 10.0 20

 21 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 0.3 0.3 21

 22 Commercial mortgages 4.7 17.0 19.3 13.2 13.7 13.0 10.7 2.5 22
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S.1.a Total Economy - Current Account

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross value added 13129.2 14073.2 14460.1 14621.2 14345.7 14915.2 15587.5 16261.6 1

 (income approach)

 2 Less: Consumption of fixed capital 1982.0 2136.0 2264.4 2363.4 2368.4 2381.6 2452.6 2542.9 2

 3 Equals: Net value added 11147.2 11937.1 12195.8 12257.9 11977.3 12533.6 13134.9 13718.8 3

 4 Compensation of employees (paid) 7097.9 7513.7 7908.8 8090.0 7795.7 7975.3 8286.6 8620.0 4

 5 Wages and salaries 5703.1 6068.8 6405.7 6543.6 6260.1 6385.6 6646.8 6935.1 5

 6 Employers’ social contributions 1394.8 1444.9 1503.1 1546.4 1535.6 1589.8 1639.8 1684.9 6

 7 Taxes on production and imports less subsidies 873.6 940.5 980.0 989.4 967.8 1001.2 1037.2 1065.6 7

 8 Operating surplus, net 3175.7 3483.0 3307.0 3178.6 3213.9 3557.0 3811.2 4033.2 8

 9 Plus: Income receipts from the rest of the world 575.8 724.2 875.5 856.8 643.7 720.0 802.8 818.6 9

10 Less: Income payments to the rest of the world 482.3 655.7 749.1 683.8 496.5 514.1 542.1 565.7 10

11 Equals: Net national income/Balance of primary incomes, net 11240.8 12005.6 12322.3 12430.8 12124.5 12739.5 13395.7 13971.6 11

12 Operating surplus, net 3175.7 3483.0 3307.0 3178.6 3213.9 3557.0 3811.2 4033.2 12

13 Compensation of employees (received) 7087.8 7503.2 7899.1 8079.2 7787.8 7967.3 8278.5 8611.6 13

14 Wages and salaries 5692.9 6058.2 6396.0 6532.8 6252.2 6377.5 6638.7 6926.8 14

15 Employers’ social contributions 1394.8 1444.9 1503.1 1546.4 1535.6 1589.8 1639.8 1684.9 15

16 Taxes on production and imports, receivable 934.5 991.9 1034.6 1041.9 1026.1 1057.1 1097.1 1122.9 16

17 Subsidies paid -60.9 -51.5 -54.6 -52.6 -58.3 -55.9 -60.0 -57.3 17

18 Property income (received) 5548.9 6528.4 7187.0 6802.0 5703.0 5653.1 5935.4 6052.1 18

19 Interest 3385.2 4109.9 4661.4 4188.5 3420.8 3194.8 3190.5 3108.0 19

20 Distributed income of corporations 2123.9 2150.5 2241.5 2322.1 2001.1 2102.5 2362.2 2554.6 20

21 Dividends 1069.4 1018.6 1174.9 1186.9 918.5 943.1 1059.4 1166.1 21

22 Withdrawals from income of quasi-corporations 1054.5 1131.8 1066.6 1135.2 1082.6 1159.4 1302.8 1388.5 22

23 Reinvested earnings on U.S. direct investment abroad 20.4 247.8 261.4 265.6 262.8 336.6 361.1 368.1 23

24 Rents on land and natural resources 19.4 20.3 22.6 25.9 18.3 19.2 21.6 21.5 24

25 Less: Uses of property income (paid) 5445.2 6449.4 7051.0 6618.3 5548.0 5439.1 5666.5 5790.9 25

26 Interest 3520.6 4287.1 4878.7 4411.4 3618.6 3376.0 3358.2 3265.7 26

27 Distributed income of corporations 1863.0 2072.6 2101.1 2141.6 1889.3 1981.1 2205.8 2397.8 27

28 Dividends 808.5 940.7 1034.5 1006.4 806.6 821.7 903.0 1009.4 28

29 Withdrawals from income of quasi-corporations 1054.5 1131.8 1066.6 1135.2 1082.6 1159.4 1302.8 1388.5 29

30 Reinvested earnings on foreign direct investment 42.1 69.5 48.5 39.4 21.9 62.8 81.0 105.9 30

31 Rents on land and natural resources 19.4 20.3 22.6 25.9 18.3 19.2 21.6 21.5 31

32 Net national income/Balance of primary incomes, net 11240.8 12005.6 12322.3 12430.8 12124.5 12739.5 13395.7 13971.6 32

33 Plus: Current taxes on income, wealth, etc. (received) 1616.5 1821.0 1923.9 1735.1 1405.8 1553.5 1765.3 1918.3 33

34 Less: Current taxes on income, wealth, etc. (paid) 1620.9 1825.5 1933.4 1744.3 1414.4 1562.0 1778.2 1932.8 34

35 Plus: Social benefits (received) 2364.3 2515.3 2658.3 2840.4 3070.9 3223.0 3182.9 3272.2 35

36 Less: Social contributions (paid) 2370.9 2523.2 2666.9 2851.1 3081.9 3234.6 3195.6 3285.5 36

37 Plus: Other current transfers (received) 494.1 497.2 532.5 563.0 671.0 719.3 694.5 643.7 37

38 Less: Other current transfers (paid) 598.1 586.6 640.1 681.4 787.5 841.2 817.9 760.4 38

39 Equals: Disposable income, net 11125.8 11903.8 12196.5 12292.6 11988.4 12597.5 13246.7 13827.0 39

40 Less: Final consumption expenditures 10770.4 11387.3 11954.2 12374.1 12285.0 12724.1 13237.9 13697.6 40

41 Equals: Net saving 355.5 516.5 242.4 -81.5 -296.6 -126.6 8.8 129.3 41

 Addendum:

42 Gross value added (line 1) 13129.2 14073.2 14460.1 14621.2 14345.7 14915.2 15587.5 16261.6 42

43 Plus statistical discrepancy (NIPA) -33.8 -215.3 20.2 99.0 72.2 43.1 -53.6 -17.0 43

44 Equals: GDP (NIPA, expenditure approach) 13095.4 13857.9 14480.3 14720.3 14417.9 14958.3 15533.8 16244.6 44
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 1 Gross value added 13129.2 14073.2 14460.1 14621.2 14345.7 14915.2 15587.5 16261.6 1

 2 Households and nonprofit institutions serving households 1599.5 1689.4 1749.6 1855.3 1913.6 1927.5 1971.9 2025.4 2

 3 Nonfinancial noncorporate business 2218.8 2440.1 2513.9 2632.7 2466.7 2545.9 2766.5 2906.4 3

 4 Nonfinancial corporate business 6532.1 6988.0 7203.9 7258.1 6861.4 7243.1 7636.4 8030.8 4

 5 Financial business 1034.3 1127.6 1068.8 852.3 1015.7 1039.9 1025.1 1090.3 5

 6 Federal government 552.7 577.6 605.4 637.6 668.8 704.5 719.7 716.7 6

 7 State and local government 1191.7 1250.3 1318.5 1385.2 1419.4 1454.2 1468.0 1491.9 7

 8 Net saving 355.5 516.5 242.4 -81.5 -296.6 -126.6 8.8 129.3 8

 9 Households and nonprofit institutions serving households 242.7 336.9 317.2 551.3 670.7 634.2 668.2 687.4 9

10 Nonfinancial corporate business 411.7 386.5 313.1 296.7 382.1 598.6 648.8 647.8 10

11 Financial business 73.1 60.6 -48.5 -129.4 172.3 207.4 153.1 156.5 11

12 Federal government -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 12

13 State and local government -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -213.1 -252.7 13

 Net capital transfers

14 Households and nonprofit institutions serving households -21.9 16.6 6.8 7.7 -28.4 -20.6 2.1 -5.1 14

15 Nonfinancial noncorporate business -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 15

16 Nonfinancial corporate business -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -16.7 16

17 Financial business 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 17

18 Federal government 60.3 43.2 53.0 117.6 186.3 126.3 113.8 84.7 18

19 State and local government -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.9 -74.1 19

20 Rest of the world 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.6 20

21 Gross fixed capital formation 2981.2 3166.0 3201.5 3091.4 2672.7 2691.1 2828.3 3028.1 21

22 Households and nonprofit institutions serving households 865.0 860.1 736.1 580.4 468.1 452.4 456.7 498.1 22

23 Nonfinancial noncorporate business 289.2 305.0 313.5 307.5 248.8 243.1 258.5 278.7 23

24 Nonfinancial corporate business 1133.4 1259.9 1348.2 1372.7 1141.9 1181.0 1305.3 1438.9 24

25 Financial business (nonresidential) 180.0 188.7 211.5 196.2 166.9 162.8 175.2 193.4 25

26 Federal government 222.9 238.0 251.4 275.8 284.0 300.0 295.4 284.0 26

27 State and local government 290.8 314.3 340.8 358.8 363.0 351.9 337.2 334.9 27

28 Consumption of fixed capital 1982.0 2136.0 2264.4 2363.4 2368.4 2381.6 2452.6 2542.9 28

29 Households and nonprofit institutions serving households 362.1 396.2 413.7 414.6 403.3 400.5 402.9 409.9 29

30 Nonfinancial noncorporate business 214.4 232.6 245.6 254.5 253.0 251.8 256.8 264.5 30

31 Nonfinancial corporate business 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1135.8 1188.2 31

32 Financial business (nonresidential) 148.9 156.8 165.4 173.9 177.4 176.7 179.0 186.6 32

33 Federal government 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 33

34 State and local government 157.3 170.3 186.6 200.2 208.2 212.7 221.7 231.4 34

35 Change in inventories 59.6 67.0 34.5 -32.0 -147.6 61.5 36.4 66.1 35

36 Nonfinancial noncorporate business 3.2 0.6 1.2 -0.4 -8.5 -2.2 -2.7 -4.9 36

37 Nonfinancial corporate business 56.4 66.3 33.3 -31.6 -139.0 63.7 39.1 71.0 37

38 Net lending (+) or net borrowing (-) (capital account) -690.5 -582.5 -729.1 -772.2 -454.0 -498.3 -405.0 -415.4 38

39 Households and nonprofit institutions serving households -229.3 -133.4 -0.8 388.8 643.9 611.4 620.6 612.7 39

40 Nonfinancial noncorporate business -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 40

41 Nonfinancial corporate business 146.3 26.1 -28.5 35.7 426.6 428.7 447.5 343.2 41

42 Financial business 14.3 28.8 -94.6 -91.2 304.7 262.8 189.3 140.2 42

43 Federal government -397.3 -294.2 -354.9 -781.8 -1476.7 -1509.5 -1400.1 -1214.8 43

44 State and local government -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -264.8 -292.4 44

 Addendum:

45 Statistical discrepancy (NIPA) -33.8 -215.3 20.2 99.0 72.2 43.1 -53.6 -17.0 45

46 Rest of the world 724.3 797.8 709.0 673.1 381.7 455.2 458.6 432.4 46

47 Net lending (+) or net borrowing (-) (financial account) -323.2 -502.8 -288.1 -1378.6 -492.1 -563.4 -830.1 -114.7 47

48 Households and nonprofit institutions serving households -194.2 -245.2 249.1 859.9 836.5 1191.4 1361.0 981.5 48

49 Nonfinancial noncorporate business -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 49

50 Nonfinancial corporate business -19.9 -138.6 -206.5 -943.3 551.0 145.5 -400.3 223.4 50

51 Financial business 355.1 273.2 197.5 -120.5 -165.8 -191.7 -108.3 56.2 51

52 Federal government -422.8 -310.4 -390.6 -789.0 -1298.3 -1416.0 -1355.5 -1125.6 52

53 State and local government 23.4 -8.7 -68.6 -336.4 -434.2 -311.2 -329.4 -245.8 53

 Addendum:

54 Rest of the world 713.8 807.4 617.6 736.6 230.9 437.9 550.5 446.3 54

 Total other volume changes

55 Households and nonprofit institutions serving households 343.1 170.1 569.6 485.1 667.2 862.2 566.8 630.7 55

56 Nonfinancial noncorporate business -65.3 9.4 -36.8 -303.3 -71.4 192.2 -51.4 -20.8 56

57 Nonfinancial corporate business 327.3 644.3 756.8 -722.2 173.1 414.9 -72.2 510.0 57

58 Financial business 99.4 219.4 41.6 1354.5 -497.4 -496.5 -216.6 132.5 58

59 Federal government -46.3 31.3 10.8 87.8 122.4 -20.7 47.0 75.2 59

60 State and local government 215.9 318.9 221.5 -984.2 362.5 40.3 -54.3 342.2 60

61 Rest of the world -271.2 77.0 -245.0 -284.3 -463.5 -203.5 242.3 64.3 61

 Holding gains/losses

62 Households and nonprofit institutions serving households 5599.4 4160.6 -365.4 -11700.0 354.5 2928.2 163.0 4723.1 62

63 Nonfinancial noncorporate business 1328.4 299.9 162.3 -1239.3 -1170.8 490.8 532.5 695.7 63

64 Nonfinancial corporate business 112.0 -1469.1 -127.2 4209.3 -5267.4 -1327.5 243.2 -1464.3 64

65 Financial business 72.3 -571.7 1295.2 473.9 -206.2 -294.6 243.7 -574.2 65

66 Federal government 115.3 116.8 93.3 1.2 -157.9 18.5 23.0 32.1 66

67 State and local government 478.9 621.8 466.0 350.5 -71.8 197.3 394.3 243.4 67

68 Rest of the world -695.9 -582.3 -795.3 1173.0 -879.5 -209.3 795.1 -354.2 68
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S.2.a Selected Aggregates for Total Economy and Sectors 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Change in net worth

69 Households and nonprofit institutions serving households 6207.0 4651.0 514.7 -10671.2 1720.8 4445.2 1395.9 6046.3 69

70 Nonfinancial noncorporate business 1276.2 309.3 125.5 -1539.3 -1236.2 690.7 482.7 679.9 70

71 Nonfinancial corporate business 866.5 -438.2 942.7 3787.5 -4750.5 -334.9 826.3 -289.8 71

72 Financial business 217.1 -291.7 1288.2 1759.6 -409.5 -542.3 212.5 -294.7 72

73 Federal government -296.8 -123.3 -215.6 -663.6 -1471.6 -1458.1 -1292.0 -1087.0 73

74 State and local government 678.6 959.1 674.1 -735.6 86.5 77.0 200.8 407.0 74

75 Rest of the world -242.8 292.5 -331.3 1561.8 -961.3 42.4 1496.1 142.5 75
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124 Historical Annuals, 2005-2012, December 9, 2013

S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Current account

 1 Gross value added 1599.5 1689.4 1749.6 1855.3 1913.6 1927.5 1971.9 2025.4 1

 2 Less: Consumption of fixed capital 362.1 396.2 413.7 414.6 403.3 400.5 402.9 409.9 2

 3 Equals: Net value added 1237.5 1293.2 1335.9 1440.7 1510.3 1527.1 1569.0 1615.5 3

 4 Compensation paid by households and NPISHs 563.4 590.9 616.8 658.2 686.6 695.2 717.5 747.6 4

 5 Wages and salaries 466.2 490.9 516.0 549.9 566.1 577.3 596.6 620.3 5

 6 Employers’ social contributions 97.1 100.0 100.8 108.3 120.5 117.9 120.8 127.4 6

 7 Taxes on production and imports less subsidies 120.7 130.8 135.1 143.2 152.4 152.8 154.2 156.1 7

 8 Operating surplus, net 553.4 571.5 584.0 639.3 671.3 679.1 697.4 711.8 8

 9 Net national income/Balance of primary incomes, net 9734.1 10438.3 10937.5 11248.6 10638.0 10895.4 11549.9 12087.8 9

10 Operating surplus, net 553.4 571.5 584.0 639.3 671.3 679.1 697.4 711.8 10

11 Compensation of employees (received) 7087.8 7503.2 7899.1 8079.2 7787.8 7967.3 8278.5 8611.6 11

12 Wages and salaries 5692.9 6058.2 6396.0 6532.8 6252.2 6377.5 6638.7 6926.8 12

13 Employers’ social contributions 1394.8 1444.9 1503.1 1546.4 1535.6 1589.8 1639.8 1684.9 13

14 Property income (received) 2722.2 3071.6 3234.6 3303.6 2895.7 2900.2 3188.6 3348.3 14

15 Interest 1089.4 1216.1 1351.5 1363.0 1265.2 1196.2 1205.3 1212.9 15

16 Distributed income of corporations 1632.8 1855.5 1883.1 1940.6 1630.5 1704.0 1983.3 2135.4 16

17 Dividends 578.3 723.7 816.5 805.4 547.8 544.6 680.5 746.9 17

18 Withdrawals from income of quasi-corporations (1) 1054.5 1131.8 1066.6 1135.2 1082.6 1159.4 1302.8 1388.5 18

19 Less: Uses of property income (interest paid) 629.3 707.9 780.2 773.5 716.8 651.2 614.6 583.9 19

20 Net national income/Balance of primary incomes, net 9734.1 10438.3 10937.5 11248.6 10638.0 10895.4 11549.9 12087.8 20

21 Less: Current taxes on income, wealth, etc. (paid) 1208.5 1352.1 1487.9 1435.2 1144.9 1191.5 1404.0 1498.0 21

22 Plus: Social benefits (received) 1486.3 1588.2 1692.2 1847.3 2101.5 2234.0 2260.3 2316.8 22

23 Less: Social contributions (paid) 873.3 922.6 961.4 988.2 964.4 984.1 918.2 950.7 23

24 Plus: Other current transfers (received) 25.7 21.5 30.6 36.6 38.7 43.0 46.7 41.4 24

25 Less: Other current transfers (paid) 131.2 138.9 149.3 152.3 155.2 160.6 154.6 160.4 25

26 Equals: Disposable income, net 9033.0 9634.4 10061.7 10556.8 10513.6 10836.1 11380.0 11837.0 26

27 Less: Final consumption expenditures 8790.3 9297.5 9744.4 10005.5 9842.9 10201.9 10711.8 11149.6 27

28 Equals: Net saving 242.7 336.9 317.2 551.3 670.7 634.2 668.2 687.4 28

 Capital account

29 Net saving less capital transfers 264.6 320.3 310.4 543.7 699.1 654.8 666.1 692.5 29

30 Net saving 242.7 336.9 317.2 551.3 670.7 634.2 668.2 687.4 30

31 Less: Capital transfers paid (net) -21.9 16.6 6.8 7.7 -28.4 -20.6 2.1 -5.1 31

32 Capital formation, net 493.8 453.8 311.2 154.9 55.2 43.4 45.5 79.8 32

33 Gross fixed capital formation, excluding consumer durables 865.0 860.1 736.1 580.4 468.1 452.4 456.7 498.1 33

34 Residential 738.9 722.7 582.3 425.3 321.0 318.3 317.1 354.3 34

35 Nonresidential (nonprofit organizations) 126.1 137.4 153.9 155.1 147.1 134.1 139.6 143.8 35

36 Less: Consumption of fixed capital 362.1 396.2 413.7 414.6 403.3 400.5 402.9 409.9 36

37 Acquisition of nonproduced nonfinancial assets -9.1 -10.1 -11.2 -11.0 -9.7 -8.5 -8.3 -8.4 37

38 Net lending (+) or borrowing (-), capital account (lines 29-32) -229.3 -133.4 -0.8 388.8 643.9 611.4 620.6 612.7 38

 Financial account

39 Net lending (+) or borrowing (-), capital account (line 38) -229.3 -133.4 -0.8 388.8 643.9 611.4 620.6 612.7 39

40 Net acquisition of financial assets 973.2 998.8 1179.1 737.2 654.6 910.4 1148.8 1077.1 40

41 Currency and deposits 370.2 451.9 419.3 408.7 205.0 194.3 698.2 504.3 41

42 Currency and transferable deposits -113.9 -40.0 -75.4 176.7 105.7 35.9 329.0 84.5 42

43 Time and savings deposits 481.6 486.7 479.4 255.6 106.0 159.0 372.0 421.6 43

44 Foreign deposits 2.4 5.2 15.4 -23.7 -6.6 -0.6 -2.8 -1.8 44

45 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Debt securities 168.3 90.9 525.3 168.0 61.7 41.1 -145.7 52.7 46

47 Open market paper 14.7 19.0 -10.2 -101.3 16.7 -1.5 -1.8 -0.3 47

48 U.S. savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 -2.7 -2.8 48

49 Treasury securities -121.0 -99.5 -29.0 149.5 539.1 327.5 -219.7 232.0 49

50 Agency- and GSE-backed securities (2) 152.4 -30.6 330.5 238.6 -673.4 -6.0 11.2 -122.4 50

51 Municipal securities 77.8 34.7 37.9 47.4 107.1 43.7 -64.8 -152.3 51

52 Corporate and foreign bonds 43.6 170.0 202.1 -163.8 75.1 -319.4 132.1 98.5 52

53 Loans 7.8 73.9 214.6 -103.5 -88.1 0.9 48.2 -6.5 53

54 Short term -0.3 91.1 227.6 -104.5 -85.1 14.6 51.4 13.8 54

55 Long term (mortgages) 8.1 -17.3 -13.0 1.1 -3.0 -13.7 -3.2 -20.3 55
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2005 2006 2007 2008 2009 2010 2011 2012

 

56 Equity and investment fund shares -243.5 -259.3 -662.8 -390.8 -8.9 48.4 -81.4 61.6 56

57 Corporate equities -422.8 -648.7 -1104.0 -301.2 -5.7 -186.8 -288.9 -330.9 57

58 Mutual fund shares 176.7 167.4 234.4 -37.7 334.1 227.7 218.7 401.5 58

59 Money market fund shares 44.4 218.1 239.9 235.1 -268.6 -183.5 40.7 -3.1 59

60 Equity in noncorporate business -41.8 3.8 -33.0 -287.0 -69.9 187.1 -52.7 -5.8 60

61 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 61

62 Insurance, pension and standardized guarantee schemes 670.5 641.5 682.7 654.8 484.8 625.8 629.5 464.9 62

63 Insurance receivables due from property-casualty insurance companies 25.6 4.6 6.7 11.0 8.7 -35.2 36.7 -16.7 63

64 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 86.9 -26.3 64

65 Pension entitlements (4) 596.4 546.3 598.6 538.0 427.4 614.7 473.0 497.1 65

66 Non-life insurance reserves at life insurance companies 9.5 14.8 15.5 17.6 8.4 14.8 14.4 -2.4 66

67 Retiree Health Care Funds 23.0 18.1 43.9 26.5 16.6 22.5 18.5 13.3 67

68 Net incurrence of liabilities 1167.4 1244.1 930.0 -122.6 -181.9 -281.0 -212.2 95.5 68

69 Debt securities (municipals) 15.1 16.4 21.1 9.3 5.9 -2.2 -7.8 -14.5 69

70 Loans 1138.2 1213.6 893.3 -157.3 -199.0 -302.9 -218.0 107.9 70

71 Short term 77.1 198.4 178.7 -115.0 -32.1 104.7 17.6 347.0 71

72 Consumer credit 100.4 121.9 151.3 34.8 -103.7 -25.3 108.9 169.4 72

73 Depository institution loans n.e.c. 8.2 12.0 -9.1 4.6 33.0 52.4 -53.9 111.5 73

74 Other loans and advances 0.0 4.8 3.2 6.2 0.5 2.4 1.9 1.2 74

75 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 -39.3 64.9 75

76 Long term (mortgages) 1061.1 1015.2 714.6 -42.3 -166.9 -407.5 -235.6 -239.1 76

77 Insurance, pension and standardized guarantee schemes 1.0 0.5 1.0 3.2 -4.9 2.7 -0.4 0.6 77

78 Other accounts payable (trade debt) 13.0 13.6 14.6 22.2 16.0 21.4 14.0 1.5 78

 Addendum:

79 Net lending (+) or borrowing (-), financial account (lines 40-68) -194.2 -245.2 249.1 859.9 836.5 1191.4 1361.0 981.5 79

 Other changes in volume account

80 Total other volume changes 343.1 170.1 569.6 485.1 667.2 862.2 566.8 630.7 80

81 Net investment in consumer durable goods 252.4 239.6 231.1 134.6 50.3 86.9 121.9 160.4 81

82 Disaster losses 50.4 0.0 0.0 8.3 0.0 0.0 0.0 20.9 82

83 Other volume changes 5.2 42.3 88.6 -128.8 424.3 195.3 -295.4 80.6 83

84 Less: Statistical discrepancy (lines 38-[40-68]) (5) -35.1 111.8 -249.9 -471.1 -192.7 -580.0 -740.4 -368.8 84

 Revaluation account

85 Nonfinancial assets 2872.8 342.5 -1885.8 -3699.7 -1276.5 -459.8 -226.4 1509.4 85

86 Real estate 2914.4 386.3 -1832.8 -3672.9 -1235.5 -374.4 -248.7 1544.5 86

87 Consumer durable goods -44.1 -46.9 -55.6 -32.0 -40.8 -88.3 17.9 -38.8 87

88 Equipment 0.4 1.5 0.1 3.9 -0.5 1.4 2.0 0.6 88

89 Intellectual property products 2.1 1.5 2.6 1.2 0.3 1.5 2.3 3.2 89

90 Financial assets 2726.6 3818.1 1520.5 -8000.3 1631.0 3388.0 389.4 3213.7 90

91 Corporate equities 1076.8 2789.5 929.4 -3889.9 1570.4 1689.9 343.8 1608.0 91

92 Mutual fund shares 45.0 380.9 274.6 -1334.6 471.1 250.5 -363.5 443.1 92

93 Equity in noncorporate business 1318.5 303.7 161.3 -1254.2 -1162.2 504.8 532.5 691.1 93

94 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 94

95 Insurance, pension and standardized guarantee schemes 286.2 344.0 155.2 -1521.6 752.0 943.8 -123.2 471.5 95

96 Changes in net worth due to nominal holding gains/losses 5599.4 4160.6 -365.4 -11700.0 354.5 2928.2 163.0 4723.1 96

 Changes in balance sheet account

97 Change in net worth (lines 32+38+80+96) 6207.0 4651.0 514.7 -10671.2 1720.8 4445.2 1395.9 6046.3 97

 Balance sheet account (end of period)

98 Total assets 74986.8 80936.8 82384.1 71595.2 73090.6 77259.9 78448.9 84526.0 98

99 Nonfinancial assets 28584.5 29618.7 28272.8 24851.1 23676.7 23340.5 23278.9 25004.5 99

100 Real estate 24178.4 24996.4 23449.8 19898.7 18699.1 18348.1 18124.3 19709.0 100

101 Consumer durable goods 4107.8 4300.5 4476.0 4578.6 4588.1 4586.7 4726.4 4848.0 101

102 Equipment 206.9 226.3 246.1 268.5 279.5 290.6 304.6 315.1 102

103 Intellectual property products 91.4 95.5 100.9 105.4 110.0 115.0 123.6 132.4 103
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S.3.a Households and Nonprofit Institutions Serving Households

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

104 Financial assets 46402.3 51318.1 54111.3 46744.0 49413.8 53919.4 55170.0 59521.5 104

105 Currency and deposits 5319.9 5798.0 6217.4 6591.1 6781.6 6930.8 7629.1 8077.8 105

106 Currency and transferable deposits 285.8 239.6 153.2 294.9 400.6 425.2 754.3 828.4 106

107 Foreign deposits 59.9 65.2 80.5 56.9 50.2 49.7 46.9 45.1 107

108 Time and savings deposits 4974.1 5493.2 5983.6 6239.3 6330.8 6455.9 6827.9 7204.4 108

109 Postal savings system deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 109

110 Debt securities 4054.0 4202.8 4821.7 4921.5 5379.7 5673.0 5300.2 5469.2 110

111 Open market paper 98.4 117.5 107.3 6.0 22.7 21.1 19.4 19.0 111

112 U.S. savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 185.2 182.4 112

113 Treasury securities 225.8 130.2 16.2 0.8 676.6 956.3 546.4 789.0 113

114 Agency- and GSE-backed securities (2) 579.5 606.5 867.0 1052.4 350.5 343.5 316.5 184.5 114

115 Municipal securities 1600.7 1635.6 1673.6 1720.9 1828.0 1871.7 1806.9 1654.7 115

116 Corporate and foreign bonds 1344.5 1510.6 1961.4 1947.5 2310.7 2292.5 2425.8 2639.7 116

117 Loans 724.1 866.8 1081.4 977.9 892.2 893.0 941.2 934.7 117

118 Short term 584.0 744.0 971.6 867.0 784.2 798.8 850.2 864.0 118

119 Long term (mortgages) 140.1 122.9 109.9 110.9 108.0 94.2 91.0 70.6 119

120 Equity and investment fund shares 21382.1 24542.8 25245.2 18375.6 19245.7 21738.3 22108.9 24912.7 120

121 Corporate equities 8152.1 10292.9 10118.3 5927.2 7491.9 8994.9 9049.9 10327.0 121

122 Mutual fund shares 3625.7 4174.0 4683.0 3310.6 4115.8 4594.0 4449.2 5293.7 122

123 Money market fund shares 942.7 1106.8 1346.7 1581.8 1313.2 1129.7 1109.9 1106.7 123

124 Equity in noncorporate business 8661.6 8969.0 9097.3 7556.0 6323.9 7015.8 7495.6 8181.0 124

125 Equity investment under Public-Private Inv. Program (3) 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 125

126 Insurance, pension and standardized guarantee schemes 14922.2 15907.7 16745.6 15877.9 17114.7 18684.3 19190.6 20127.0 126

127 Insurance receivables due from property-casualty insurance companies 316.0 320.5 327.3 337.3 346.0 310.8 347.5 330.8 127

128 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 1203.6 1186.1 128

129 Pension entitlements (4) 13230.9 14206.4 14956.6 14061.8 15205.4 16745.0 17115.2 18075.1 129

130 Non-life insurance reserves at life insurance companies 217.3 232.1 247.6 265.2 273.6 288.4 302.8 300.3 130

131 Retiree Health Care Funds 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 131

132 Total liabilities and net worth 74986.8 80936.8 82384.1 71595.2 73090.6 77259.9 78448.9 84526.0 132

133 Liabilities 12162.1 13461.2 14393.8 14276.1 14050.7 13774.8 13568.0 13598.8 133

134 Debt securities (municipals) 212.7 229.1 250.2 259.5 265.4 263.2 255.5 241.0 134

135 Loans 11740.7 13009.3 13905.2 13752.8 13510.4 13212.7 13000.0 13043.2 135

136 Short term 2656.2 2909.6 3090.9 2975.9 2900.3 3123.4 3146.3 3433.6 136

137 Consumer credit 2320.6 2462.8 2616.6 2651.4 2553.5 2648.1 2757.0 2924.3 137

138 Depository institution loans n.e.c. -15.8 30.9 21.8 26.4 10.2 61.0 12.4 66.3 138

139 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 138.1 139.3 139

140 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 238.9 303.7 140

141 Long term (mortgages) 9084.5 10099.7 10814.3 10777.0 10610.1 10089.3 9853.7 9609.6 141

142 Insurance, pension and standardized guarantee schemes 22.4 22.8 23.9 27.0 22.1 24.7 24.3 24.9 142

143 Other accounts payable (trade debt) 186.3 199.9 214.5 236.7 252.7 274.1 288.2 289.7 143

144 Net worth 62824.7 67475.7 67990.3 57319.1 59039.9 63485.1 64881.0 70927.3 144

(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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S.4.a Nonfinancial Noncorporate Business

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2005 2006 2007 2008 2009 2010 2011 2012

 

 Current account

 1 Gross value added 2218.8 2440.1 2513.9 2632.7 2466.7 2545.9 2766.5 2906.4 1

 2 Less: Consumption of fixed capital 214.4 232.6 245.6 254.5 253.0 251.8 256.8 264.5 2

 3 Equals: Net value added 2004.4 2207.5 2268.3 2378.3 2213.6 2294.1 2509.7 2641.9 3

 4 Compensation of employees (paid) 664.7 747.4 827.5 843.4 805.4 816.2 851.4 895.2 4

 5 Wages and salaries 557.9 631.2 701.8 712.1 675.0 684.6 716.7 754.5 5

 6 Employers’ social contributions 106.8 116.3 125.7 131.3 130.4 131.6 134.6 140.7 6

 7 Taxes on production and imports less subsidies 130.2 147.0 157.6 157.9 145.4 150.7 157.8 162.7 7

 8 Operating surplus, net 1209.4 1313.0 1283.2 1377.1 1262.8 1327.2 1500.5 1584.0 8

 9 Net national income/Balance of primary incomes, net 21.8 22.7 19.8 15.3 21.3 23.1 25.2 26.5 9

10 Operating surplus, net 1209.4 1313.0 1283.2 1377.1 1262.8 1327.2 1500.5 1584.0 10

11 Property income (interest received) 18.1 19.1 17.7 13.6 9.4 8.4 1.2 5.0 11

12 Less: Uses of property income (paid) 1205.7 1309.5 1281.1 1375.4 1251.0 1312.6 1476.5 1562.5 12

13 Interest 198.8 227.6 254.2 263.1 242.7 237.9 227.4 226.0 13

14 Withdrawals from income of quasi-corporations (1) 1006.8 1081.8 1026.8 1112.2 1008.3 1074.5 1249.0 1336.2 14

15 Reinvested earnings on foreign direct investment 0.1 0.1 0.1 0.1 0.0 0.1 0.2 0.2 15

16 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net national income/Balance of primary incomes, net 21.8 22.7 19.8 15.3 21.3 23.1 25.2 26.5 17

18 Less: Other current transfers (paid) 21.8 22.7 19.8 15.3 21.3 23.1 25.2 26.5 18

19 Equals: Disposable income, net 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Equals: Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Capital account

21 Net saving less capital transfers 13.1 0.0 0.0 3.3 6.0 7.8 1.6 4.9 21

22 Net saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Less: Capital transfers paid (net) -13.1 0.0 0.0 -3.3 -6.0 -7.8 -1.6 -4.9 23

24 Capital formation, net 78.0 73.0 69.1 52.6 -12.8 -10.8 -0.9 9.3 24

25 Gross fixed capital formation 289.2 305.0 313.5 307.5 248.8 243.1 258.5 278.7 25

26 Nonresidential 180.5 198.9 215.0 223.8 182.9 184.9 199.1 212.5 26

27 Residential 108.7 106.2 98.5 83.7 65.8 58.3 59.5 66.2 27

28 Less: Consumption of fixed capital 214.4 232.6 245.6 254.5 253.0 251.8 256.8 264.5 28

29 Change in private inventories 3.2 0.6 1.2 -0.4 -8.5 -2.2 -2.7 -4.9 29

30 Net lending (+) or borrowing (-), capital account (lines 21-24) -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 30

 Financial account

31 Net lending (+) or borrowing (-) (line 30) -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 31

32 Net acquisition of financial assets 437.2 519.8 479.4 97.2 -117.0 151.7 14.7 68.1 32

33 Currency and deposits 100.1 94.9 81.8 2.5 10.1 0.1 1.1 18.3 33

34 Currency and transferable deposits 76.6 74.6 66.9 3.8 14.9 -2.8 -2.6 13.8 34

35 Time and savings deposits 23.5 20.3 14.9 -1.2 -4.8 2.9 3.7 4.5 35

36 Debt securities 6.1 1.5 2.5 -7.9 -5.5 2.5 0.6 0.7 36

37 Treasury securities 6.0 0.2 3.0 -7.5 -5.7 1.9 0.5 0.6 37

38 Municipal securities 0.1 1.3 -0.5 -0.4 0.2 0.5 0.1 0.1 38

39 Loans 5.3 -1.5 7.4 -3.0 -1.2 4.2 0.4 0.5 39

40 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Long term (mortgages) 5.3 -1.5 7.4 -3.0 -1.2 4.2 0.4 0.5 41

42 Equity and investment fund shares 2.4 3.3 2.9 2.2 -1.7 3.5 1.1 1.1 42

43 Money market mutual fund shares 2.4 3.2 2.2 1.0 -1.7 3.1 0.8 1.0 43

44 Equity in government-sponsored enterprises (2) -0.1 0.2 0.7 1.2 -0.0 0.4 0.3 0.2 44

45 Insurance, pension and standardized guarantee schemes (3) 5.5 4.4 3.7 3.4 -9.8 29.7 -11.6 15.1 45

46 Other accounts receivable 317.8 417.2 381.1 100.0 -109.0 111.8 23.1 32.3 46

47 Trade receivables 66.6 40.0 54.7 -3.0 -26.3 37.0 5.5 6.8 47

48 Other (miscellaneous assets) 251.2 377.2 326.4 102.9 -82.7 74.7 17.6 25.6 48

49 Net incurrence of liabilities 502.1 592.8 548.5 146.6 -135.8 133.1 12.2 72.4 49

50 Loans 341.6 415.2 461.6 318.7 -108.7 -32.1 20.3 74.0 50

51 Short term 164.2 132.0 154.5 131.8 -107.3 -15.7 57.7 97.4 51

52 Depository institution loans n.e.c. 157.8 115.2 140.8 119.5 -102.0 -20.3 56.7 87.8 52

53 Other loans and advances 6.3 16.8 13.7 12.3 -5.3 4.7 1.0 9.6 53

54 Long term (mortgages) 177.4 283.2 307.1 186.9 -1.4 -16.5 -37.4 -23.4 54
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2005 2006 2007 2008 2009 2010 2011 2012

 

55 Equity and investment fund shares -40.5 9.7 -36.8 -298.9 -70.3 186.6 -50.8 -11.7 55

56 Equity in noncorporate business -40.6 10.6 -36.6 -298.7 -70.4 186.2 -51.0 -12.3 56

57 Foreign direct investment in the United States 0.1 -0.9 -0.2 -0.2 0.1 0.3 0.1 0.6 57

58 Other accounts payable 201.0 168.0 123.7 126.7 43.2 -21.4 42.7 10.0 58

59 Trade payables 49.6 14.4 26.0 5.7 16.8 30.3 7.6 0.9 59

60 Taxes payable 8.7 9.0 3.8 6.7 -6.3 -0.7 1.1 1.3 60

61 Other (miscellaneous liabilities) 142.7 144.6 93.9 114.3 32.6 -50.9 34.0 7.8 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 32-49) -64.9 -73.0 -69.1 -49.3 18.8 18.6 2.5 -4.3 62

 Other changes in volume account

63 Total other volume changes -65.3 9.4 -36.8 -303.3 -71.4 192.2 -51.4 -20.8 63

64 Disaster losses 24.5 0.0 0.0 4.4 0.0 0.0 0.0 8.6 64

65 Other volume changes -89.7 9.4 -36.8 -307.7 -71.4 192.2 -51.4 -29.3 65

 Revaluation account

66 Nonfinancial assets 1328.4 299.9 162.3 -1239.3 -1170.8 490.8 532.5 695.7 66

67 Real estate 1306.6 279.7 128.3 -1255.5 -1165.9 446.1 482.1 669.5 67

68 Residential 947.2 -47.5 -372.9 -896.9 -387.0 151.6 176.4 401.6 68

69 Nonresidential 359.5 327.2 501.2 -358.7 -778.9 294.4 305.7 267.9 69

70 Equipment 10.3 14.0 8.1 22.1 3.4 6.5 16.9 12.3 70

71 Residential 1.1 0.7 -0.5 0.1 -2.7 -2.3 1.3 1.0 71

72 Nonresidential 9.2 13.3 8.6 21.9 6.2 8.8 15.6 11.3 72

73 Intellectual property products 2.6 2.7 2.8 1.5 0.2 2.0 2.4 4.6 73

74 Inventories 8.8 3.6 23.1 -7.3 -8.6 36.2 31.1 9.3 74

75 Changes in net worth due to nominal holding gains/losses 1328.4 299.9 162.3 -1239.3 -1170.8 490.8 532.5 695.7 75

 Changes in balance sheet account

76 Change in net worth (lines 24+30+63+75) 1276.2 309.3 125.5 -1539.3 -1236.2 690.7 482.7 679.9 76

 Balance sheet account (end of period)

77 Total assets 12830.0 13722.8 14433.6 13339.7 12039.1 12670.8 13217.0 13981.5 77

78 Nonfinancial assets 10233.3 10606.3 10837.7 9646.6 8463.0 8943.0 9474.6 10170.9 78

79 Real estate 9318.3 9636.1 9801.2 8573.2 7408.3 7836.7 8305.5 8967.5 79

80 Residential (4) 6016.5 5997.2 5642.7 4746.7 4349.7 4484.4 4646.2 5032.8 80

81 Nonresidential 3301.7 3638.9 4158.5 3826.6 3058.6 3352.3 3659.3 3934.6 81

82 Equipment 555.8 595.8 627.3 663.3 657.1 667.4 693.7 712.9 82

83 Residential 41.7 44.4 45.5 46.6 44.0 42.2 43.7 44.1 83

84 Nonresidential 514.0 551.4 581.8 616.8 613.1 625.2 650.0 668.8 84

85 Intellectual property products 141.2 152.0 162.4 171.0 175.8 183.0 191.0 201.8 85

86 Inventories 218.2 222.4 246.8 239.0 221.9 256.0 284.4 288.8 86

87 Financial assets 2596.7 3116.5 3595.9 3693.1 3576.1 3727.8 3742.5 3810.6 87

88 Currency and deposits 698.2 793.2 875.0 877.5 887.6 887.7 888.8 907.1 88

89 Currency and transferable deposits 374.1 448.8 515.6 519.4 534.3 531.5 528.9 542.7 89

90 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 356.2 359.9 364.4 90

91 Debt securities 60.6 62.1 64.6 56.7 51.2 53.7 54.2 54.9 91

92 Treasury securities 56.2 56.3 59.3 51.8 46.1 48.1 48.6 49.2 92

93 Municipal securities 4.4 5.8 5.3 4.9 5.1 5.6 5.7 5.8 93

94 Loans 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.0 94

95 Short term (consumer credit) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 95

96 Long term (mortgages) 36.2 34.6 42.1 39.1 37.9 42.1 42.5 43.0 96

97 Equity and investment fund shares 73.1 76.4 79.3 81.7 80.0 83.5 84.6 85.7 97

98 Money market mutual fund shares 69.0 72.2 74.3 75.4 73.7 76.8 77.6 78.6 98

99 Equity in government-sponsored enterprises (2) 4.1 4.3 5.0 6.4 6.3 6.7 7.0 7.2 99

100 Insurance, pension and standardized guarantee schemes (3) 99.2 103.6 107.3 111.5 101.7 131.4 119.8 134.9 100

101 Other accounts receivable 1629.3 2046.5 2427.6 2526.6 2417.6 2529.4 2552.5 2584.8 101

102 Trade receivables 430.9 470.9 525.6 522.7 496.3 533.4 538.9 545.6 102

103 Other (miscellaneous assets) 1198.4 1575.6 1902.0 2003.9 1921.3 1996.0 2013.6 2039.2 103
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S.4.a Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

104 Total liabilities and net worth 12830.0 13722.8 14433.6 13339.7 12039.1 12670.8 13217.0 13981.5 104

105 Liabilities 4180.2 4763.6 5348.9 5794.4 5730.0 5670.9 5734.5 5819.1 105

106 Loans 2897.7 3312.9 3774.5 4093.2 3984.5 3946.3 3966.6 4043.1 106

107 Short term 805.0 937.1 1091.5 1223.4 1116.1 1094.3 1152.0 1251.8 107

108 Depository institution loans n.e.c. 670.4 785.7 926.5 1046.1 944.0 923.7 980.4 1070.6 108

109 Other loans and advances 134.6 151.4 165.0 177.3 172.0 170.6 171.6 181.2 109

110 Long term (mortgages) 2092.7 2375.9 2683.0 2869.9 2868.5 2852.0 2814.7 2791.3 110

111 Equity and investment fund shares (direct investment in the U.S.) 3.3 3.6 3.6 3.7 4.8 5.3 5.9 6.4 111

112 Other accounts payable 1279.1 1447.1 1570.8 1697.5 1740.7 1719.3 1762.0 1769.6 112

113 Trade payables 334.5 348.9 374.9 380.6 397.4 427.7 435.3 433.8 113

114 Taxes payable 86.7 95.7 99.5 106.2 99.9 99.2 100.3 101.6 114

115 Other (miscellaneous liabilities) 857.9 1002.5 1096.4 1210.7 1243.3 1192.4 1226.4 1234.2 115

116 Net worth 8649.9 8959.2 9084.7 7545.3 6309.1 6999.9 7482.5 8162.4 116

Notes. Nonfinancial noncorporate business includes noncorporate farms that are excluded from the nonfinancial noncorporate business sector in the Flow of Funds Accounts.

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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130 Historical Annuals, 2005-2012, December 9, 2013

S.5.a Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Current account

 1 Gross value added 6532.1 6988.0 7203.9 7258.1 6861.4 7243.1 7636.4 8030.8 1

 2 Less: Consumption of fixed capital 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1135.8 1188.2 2

 3 Equals: Net value added 5622.2 6008.7 6163.6 6164.2 5769.4 6148.6 6500.6 6842.7 3

 4 Compensation of employees (paid) 3930.3 4129.3 4305.3 4358.0 4088.4 4168.0 4374.3 4600.8 4

 5 Wages and salaries 3238.0 3420.9 3572.1 3619.5 3377.5 3446.1 3624.7 3824.8 5

 6 Employers’ social contributions 692.3 708.5 733.3 738.5 710.9 721.9 749.6 776.0 6

 7 Taxes on production and imports less subsidies 573.2 610.1 632.5 632.7 605.9 633.0 664.2 685.3 7

 8 Operating surplus, net 1118.7 1269.3 1225.8 1173.5 1075.1 1347.6 1462.1 1556.5 8

 9 Net national income/Balance of primary incomes, net 757.8 764.6 669.1 575.9 633.3 902.4 960.4 997.2 9

10 Operating surplus, net 1118.7 1269.3 1225.8 1173.5 1075.1 1347.6 1462.1 1556.5 10

11 Property income (received) 614.6 644.1 687.4 626.9 565.0 580.3 568.2 577.2 11

12 Interest 296.9 357.6 379.4 302.8 214.6 177.5 180.0 177.8 12

13 Distributed income of corporations (dividends) 300.3 79.7 92.3 108.0 138.7 134.4 96.8 98.7 13

14 Reinvested earnings on U.S. direct investment abroad 17.4 206.9 215.7 216.1 211.7 268.3 291.5 300.8 14

15 Less: Uses of property income (paid) 975.6 1148.8 1244.1 1224.6 1006.8 1025.4 1069.9 1136.5 15

16 Interest 451.0 521.1 605.7 584.5 480.0 444.5 445.6 451.8 16

17 Distributed income of corporations (dividends) 471.1 550.7 576.9 582.2 490.4 509.9 537.1 577.4 17

18 Reinvested earnings on foreign direct investment 34.0 56.6 38.9 32.1 18.1 51.8 65.7 85.8 18

19 Rent 19.4 20.3 22.6 25.9 18.2 19.2 21.6 21.5 19

20 Net national income/Balance of primary incomes, net 757.8 764.6 669.1 575.9 633.3 902.4 960.4 997.2 20

21 Less: Current taxes on income, wealth, etc. (paid) 271.9 307.7 293.8 227.4 177.8 220.6 222.3 256.9 21

22 Less: Other current transfers (paid) 74.2 70.4 62.2 51.7 73.4 83.2 89.3 92.5 22

23 Equals: Disposable income, net 411.7 386.5 313.1 296.7 382.1 598.6 648.8 647.8 23

24 Equals: Net saving 411.7 386.5 313.1 296.7 382.1 598.6 648.8 647.8 24

 Capital account

25 Net saving less capital transfers 427.2 386.5 313.1 300.4 343.8 577.7 655.2 664.5 25

26 Net saving 411.7 386.5 313.1 296.7 382.1 598.6 648.8 647.8 26

27 Less: Capital transfers paid (net) -15.5 -0.0 -0.0 -3.7 38.3 20.9 -6.4 -16.7 27

28 Capital formation, net 280.9 360.4 341.6 264.7 -82.8 149.0 207.7 321.3 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 1133.4 1259.9 1348.2 1372.7 1141.9 1181.0 1305.3 1438.9 29

30 Less: Consumption of fixed capital 909.9 979.4 1040.3 1093.9 1092.0 1094.6 1135.8 1188.2 30

31 Acquisition of nonproduced nonfinancial assets 1.0 13.6 0.4 17.6 6.3 -1.1 -0.9 -0.4 31

32 Change in private inventories 56.4 66.3 33.3 -31.6 -139.0 63.7 39.1 71.0 32

33 Net lending (+) or borrowing (-), capital account (lines 25-28) 146.3 26.1 -28.5 35.7 426.6 428.7 447.5 343.2 33

 Financial account

34 Net lending (+) or borrowing (-), capital account (line 33) 146.3 26.1 -28.5 35.7 426.6 428.7 447.5 343.2 34

35 Net acquisition of financial assets 945.7 700.7 1074.6 -604.2 302.4 633.2 494.1 890.2 35

36 Currency and deposits 120.6 -84.8 -62.3 -214.0 254.5 148.7 37.1 95.5 36

37 Currency and transferable deposits 60.8 -117.2 -7.6 -59.0 70.7 79.7 29.7 92.1 37

38 Time and savings deposits 49.9 46.6 -55.7 -129.4 176.9 59.9 13.2 24.8 38

39 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 9.1 -5.8 -21.4 39

40 Debt securities 40.4 -1.2 -61.7 -25.7 16.3 15.6 -8.5 9.2 40

41 Open market paper 16.0 11.7 -53.2 -12.2 -1.3 12.0 -0.1 -7.5 41

42 Treasury securities 18.1 -6.7 -7.1 -7.9 12.5 5.1 -5.1 7.2 42

43 Agency- and GSE-backed securities (1) 6.0 -2.2 -2.4 -2.6 4.2 1.7 -1.7 -2.6 43

44 Municipal securities 0.3 -4.0 1.1 -3.0 0.9 -3.2 -1.6 12.2 44

45 Loans 10.2 -12.5 -21.7 -9.8 -5.6 -8.7 2.2 -2.8 45

46 Short term (security repos and consumer credit) 8.5 -4.1 -3.2 -2.1 -1.5 -7.1 2.8 -2.2 46

47 Long term (mortgages) 1.7 -8.4 -18.4 -7.7 -4.1 -1.6 -0.6 -0.6 47

48 Equity and investment fund shares 142.5 334.9 374.6 423.5 224.3 183.6 359.9 359.7 48

49 Money market fund shares 52.7 69.1 127.2 178.5 -71.4 -157.7 -35.4 -4.1 49

50 Mutual fund shares 0.7 23.6 -4.9 -16.5 35.3 11.1 -12.8 -1.6 50

51 U.S. direct investment abroad 24.7 219.2 307.0 262.6 269.7 303.3 399.8 365.8 51

52 Equity in government-sponsored enterprises (1) 0.0 0.1 0.1 -0.1 0.0 0.1 -0.0 0.0 52

53 Investment in finance company subsidiaries 64.4 22.9 -54.8 -1.1 -9.3 26.7 8.4 -0.4 53

54 Insurance, pension and standardized guarantee schemes (2) 21.3 7.6 8.3 11.0 -4.0 11.9 10.0 7.4 54
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S.5.a Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

55 Other accounts receivable 610.8 456.6 837.3 -789.2 -183.1 282.2 93.4 421.2 55

56 Trade receivables 277.6 -15.2 159.8 -169.5 -31.1 105.7 83.4 82.4 56

57 Other (miscellaneous assets) 333.2 471.9 677.5 -619.7 -152.0 176.5 10.0 338.8 57

58 Net incurrence of liabilities 965.6 839.3 1281.1 339.1 -248.5 487.8 894.4 666.9 58

59 Debt securities 97.6 294.5 402.6 299.1 375.8 496.3 452.7 608.8 59

60 Open market paper -7.7 22.4 11.3 7.7 -73.1 24.5 33.4 14.0 60

61 Municipal securities 41.9 53.3 68.4 66.0 37.2 33.2 8.5 15.2 61

62 Corporate bonds 63.5 218.8 323.0 225.4 411.7 438.6 410.8 579.6 62

63 Loans 274.2 237.9 453.0 72.1 -522.8 -293.3 74.3 37.3 63

64 Short term 83.1 150.0 383.9 132.1 -394.8 -173.9 132.4 49.6 64

65 Depository institution loans n.e.c. -27.1 22.1 96.3 64.2 -234.0 -83.5 68.9 78.3 65

66 Other loans and advances 110.2 127.9 287.6 67.9 -160.8 -90.4 63.5 -28.7 66

67 Long term (mortgages) 191.1 87.9 69.1 -60.0 -128.0 -119.4 -58.1 -12.4 67

68 Equity and investment fund shares -243.1 -373.7 -574.7 -144.7 42.5 -120.4 -277.1 -234.6 68

69 Corporate equities -341.8 -565.7 -786.8 -334.3 -62.1 -277.5 -472.3 -399.7 69

70 Foreign direct investment in the United States 98.7 192.0 212.1 189.6 104.6 157.0 195.2 165.1 70

71 Insurance, pension and standardized guarantee schemes 98.6 103.6 -0.2 124.1 80.2 5.5 -8.7 52.1 71

72 Pension fund contributions payable -1.9 -2.0 4.5 14.7 -8.4 15.4 3.0 -2.1 72

73 Claim of pension fund on sponsor 100.4 105.6 -4.8 109.3 88.6 -9.9 -11.6 54.1 73

74 Other accounts payable 738.2 576.9 1000.4 -11.5 -224.2 399.7 653.1 203.3 74

75 Trade payables 199.0 109.0 85.1 -225.2 -82.6 156.3 25.2 120.5 75

76 Taxes payable -1.8 -0.8 -49.6 3.1 -3.3 7.2 8.8 6.4 76

77 Miscellaneous liabilities 541.0 468.7 964.9 210.6 -138.4 236.2 619.1 76.4 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-58) -19.9 -138.6 -206.5 -943.3 551.0 145.5 -400.3 223.4 78

 Other changes in volume account

79 Total other volume changes 327.3 644.3 756.8 -722.2 173.1 414.9 -72.2 510.0 79

80 Disaster losses 22.7 0.0 0.0 5.8 0.0 0.0 0.0 6.9 80

81 Other volume changes 438.7 773.4 895.2 214.0 55.4 657.1 719.6 612.9 81

82 Less: Statistical discrepancy (lines 33-[35-58]) (3) 166.2 164.7 178.0 979.0 -124.3 283.2 847.8 119.8 82

83 Less: Inventory valuation adjustment -32.1 -35.7 -39.5 -37.0 6.7 -41.0 -56.0 -10.0 83

 Revaluation account

84 Nonfinancial assets 998.3 962.6 1660.3 -1072.1 -2862.9 925.6 850.2 538.7 84

85 Real estate 872.0 854.7 1526.8 -1123.2 -2895.7 791.4 717.9 465.0 85

86 Equipment 53.0 80.9 33.8 104.8 -10.1 48.4 62.2 21.1 86

87 Intellectual property products 29.3 22.2 31.2 12.8 3.0 22.2 27.6 45.2 87

88 Inventories 43.9 4.7 68.5 -66.5 39.9 63.6 42.5 7.4 88

89 Financial assets 94.5 31.0 154.8 -199.6 -15.3 -131.9 -15.2 -7.5 89

90 Mutual fund shares 8.1 15.2 9.7 -55.2 20.4 13.6 -8.1 17.4 90

91 Direct investment abroad 86.3 15.9 145.1 -144.4 -35.7 -145.6 -7.1 -24.9 91

92 Liabilities 980.7 2462.7 1942.3 -5481.1 2389.2 2121.2 591.8 1995.5 92

93 Corporate equity 939.8 2481.5 1915.2 -5379.8 2557.7 2136.0 602.5 1999.5 93

94 Foreign direct investment in the United States 41.0 -18.8 27.1 -101.2 -168.5 -14.8 -10.7 -4.0 94

95 Changes in net worth due to nominal holding gains/losses 112.0 -1469.1 -127.2 4209.3 -5267.4 -1327.5 243.2 -1464.3 95

 Changes in balance sheet account

96 Change in net worth (lines 28+33+79+95) (4) 866.5 -438.2 942.7 3787.5 -4750.5 -334.9 826.3 -289.8 96

 Balance sheet account (end of period)

97 Total assets 26216.5 28333.5 31499.1 29881.5 27306.1 29153.0 30761.2 32571.2 97

98 Nonfinancial assets (5) 14307.6 15665.9 17737.5 16944.6 13972.3 15119.3 16238.0 17090.5 98

99 Real estate 8059.5 9009.0 10681.3 9700.0 6868.1 7718.7 8483.3 9024.9 99

100 Equipment 3318.5 3541.7 3710.5 3894.2 3826.9 3887.7 4023.7 4146.9 100

101 Intellectual property products 1305.5 1384.3 1473.6 1539.3 1572.1 1639.3 1719.8 1819.1 101

102 Inventories 1624.2 1730.9 1872.2 1811.1 1705.3 1873.6 2011.2 2099.6 102

103 Financial assets 11908.9 12667.6 13761.6 12936.9 13333.8 14033.7 14523.2 15480.7 103

104 Currency and deposits 781.9 697.1 634.8 420.8 675.3 824.0 861.1 956.5 104

105 Currency and transferable deposits 268.0 150.8 143.2 84.2 155.0 234.6 264.3 356.4 105

106 Time and savings deposits 450.4 497.0 441.3 311.9 488.8 548.7 561.9 586.8 106

107 Foreign deposits 63.6 49.3 50.3 24.7 31.5 40.6 34.8 13.4 107
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S.5.a Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

108 Debt securities 212.6 211.4 149.7 124.1 140.4 155.9 147.4 156.7 108

109 Open market paper 111.0 122.7 69.5 57.3 56.0 68.0 67.9 60.3 109

110 Treasury securities 52.1 45.5 38.3 30.5 43.0 48.0 43.0 50.2 110

111 Agency- and GSE-backed securities (1) 17.4 15.2 12.8 10.2 14.3 16.0 14.3 11.7 111

112 Municipal securities 32.1 28.1 29.2 26.2 27.1 23.9 22.3 34.4 112

113 Loans 142.4 128.3 106.7 96.8 91.2 86.3 88.5 85.7 113

114 Short term 74.1 68.5 65.3 63.2 61.7 58.3 61.1 58.9 114

115 Security repurchases 14.6 15.5 8.1 7.2 7.9 12.1 12.6 10.3 115

116 Consumer credit 59.6 53.0 57.2 56.0 53.8 46.2 48.5 48.5 116

117 Long term (mortgages) 68.3 59.8 41.4 33.6 29.5 28.0 27.4 26.9 117

118 Equity and investment fund shares 2809.9 3175.9 3701.6 3925.3 4134.3 4148.8 4493.5 4845.7 118

119 Money market fund shares 352.2 421.3 548.5 727.0 655.5 497.8 462.4 458.3 119

120 Mutual fund shares 134.4 173.2 178.0 106.3 162.0 186.8 165.9 181.7 120

121 U.S. direct investment abroad 2205.7 2440.7 2892.9 3011.1 3245.1 3402.9 3795.6 4136.4 121

122 Equity in government-sponsored enterprises (1) 0.5 0.6 0.7 0.4 0.5 0.6 0.5 0.6 122

123 Investment in finance company subsidiaries 117.0 140.1 81.5 80.5 71.2 60.7 69.1 68.7 123

124 Insurance, pension and standardized guarantee schemes (2) 284.0 291.6 300.0 311.1 307.1 319.0 329.0 336.5 124

125 Other accounts receivable 7678.1 8163.2 8868.8 8058.8 7985.4 8499.6 8603.6 9099.6 125

126 Trade receivables 2108.2 2094.6 2254.4 2084.9 2053.9 2155.8 2239.2 2321.6 126

127 Other (miscellaneous assets) 5569.9 6068.6 6614.4 5973.8 5931.6 6343.8 6364.4 6778.0 127

128 Total liabilities and net worth 26216.5 28333.5 31499.1 29881.5 27306.1 29153.0 30761.2 32571.2 128

129 Liabilities 23868.7 26423.9 28646.8 23241.7 25416.8 27598.6 28380.5 30480.3 129

130 Debt securities 3504.7 3799.2 4201.9 4501.0 4876.8 5373.1 5825.8 6434.6 130

131 Open market paper 90.1 112.5 123.8 131.5 58.4 82.9 116.3 130.3 131

132 Municipal securities 227.3 280.6 349.0 415.0 452.2 485.4 493.9 509.1 132

133 Corporate bonds 3187.3 3406.1 3729.1 3954.5 4366.2 4804.8 5215.6 5795.2 133

134 Loans 2281.0 2539.6 2999.1 3066.3 2459.3 2099.1 2173.4 2254.2 134

135 Short term 1494.5 1641.6 2032.0 2164.1 1685.2 1429.2 1561.6 1654.7 135

136 Depository institution loans n.e.c. 591.0 613.1 715.9 780.1 546.0 480.9 549.8 609.5 136

137 Other loans and advances 903.5 1028.5 1316.1 1384.0 1139.1 948.3 1011.8 1045.2 137

138 Long term (mortgages) 786.5 898.0 967.2 902.2 774.2 670.0 611.9 599.5 138

139 Equity and investment fund shares 14236.0 16325.1 17692.7 12066.9 14498.6 16499.4 16814.1 18575.0 139

140 Corporate equity 12686.6 14602.3 15730.7 10016.6 12512.2 14370.7 14500.8 16100.6 140

141 Foreign direct investment in the United States 1549.4 1722.7 1961.9 2050.3 1986.4 2128.7 2313.3 2474.4 141

142 Insurance, pension and standardized guarantee schemes 14.6 35.7 48.6 762.0 572.8 537.1 580.8 532.3 142

143 Pension fund contributions payable 44.8 64.7 69.3 84.0 75.6 91.1 94.0 92.0 143

144 Claim of pension fund on sponsor -30.1 -29.0 -20.7 678.0 497.2 446.1 486.8 440.3 144

145 Other accounts payable 3832.3 3724.2 3704.5 2845.6 3009.3 3089.8 2986.3 2684.1 145

146 Trade payables 1700.6 1812.9 1897.9 1672.7 1590.2 1746.5 1771.7 1892.3 146

147 Taxes payable 86.2 85.4 35.8 39.0 35.7 42.9 51.7 58.1 147

148 Miscellaneous liabilities 2045.5 1825.9 1770.8 1133.9 1383.4 1300.4 1162.9 733.8 148

149 Net worth 2347.8 1909.6 2852.3 6639.8 1889.3 1554.4 2380.7 2090.9 149

Notes. Nonfinancial corporate business includes corporate farms that are excluded from the nonfinancial corporate business sector in the Flow of Funds Accounts.

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 Flow of Funds Accounts.

(5) Excludes nonproduced nonfinancial assets.

n.e.c. Not elsewhere classified
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2005 2006 2007 2008 2009 2010 2011 2012

 

 Current account

 1 Gross value added 1034.3 1127.6 1068.8 852.3 1015.7 1039.9 1025.1 1090.3 1

 2 Less: Consumption of fixed capital 148.9 156.8 165.4 173.9 177.4 176.7 179.0 186.6 2

 3 Equals: Net value added 885.5 970.8 903.4 678.4 838.4 863.3 846.0 903.7 3

 4 Compensation of employees (paid) 535.4 579.8 618.2 612.9 549.0 572.5 610.1 633.6 4

 5 Wages and salaries 449.4 490.8 527.1 517.9 466.2 486.4 514.3 538.3 5

 6 Employers’ social contributions 86.0 89.0 91.1 95.0 82.8 86.1 95.9 95.3 6

 7 Taxes on production and imports less subsidies 49.5 52.5 54.7 55.6 64.2 64.8 61.0 61.5 7

 8 Operating surplus, net 300.6 338.5 230.5 9.9 225.2 226.0 174.9 208.6 8

 9 Net national income/Balance of primary incomes, net 200.3 205.2 110.7 -1.7 290.8 375.8 324.9 322.4 9

10 Operating surplus, net 300.6 338.5 230.5 9.9 225.2 226.0 174.9 208.6 10

11 Property income (received) 2078.1 2657.4 3096.1 2718.3 2096.6 2027.0 2040.0 1990.3 11

12 Interest 1886.6 2403.6 2786.6 2398.5 1834.4 1714.0 1709.2 1625.8 12

13 Distributed income of corporations (dividends) 188.6 212.9 263.7 270.3 211.1 244.8 261.1 297.2 13

14 Reinvested earnings on U.S. direct investment abroad 2.9 40.9 45.7 49.5 51.1 68.3 69.6 67.3 14

15 Less: Uses of property income (paid) 2178.4 2790.8 3215.8 2729.9 2031.0 1877.3 1890.0 1876.5 15

16 Interest 1785.2 2338.0 2708.9 2275.4 1636.7 1469.7 1455.2 1372.4 16

17 Distributed income of corporations 385.1 440.0 497.4 447.2 390.6 396.7 419.7 484.2 17

18 Dividends 337.5 390.0 457.6 424.2 316.2 311.8 366.0 431.9 18

19 Withdrawals from income of quasi-corporations (1) 47.7 50.0 39.8 23.0 74.4 84.9 53.8 52.3 19

20 Reinvested earnings on foreign direct investment 8.0 12.8 9.5 7.3 3.7 10.9 15.1 19.9 20

21 Rents on land and natural resources 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Net national income/Balance of primary incomes, net 200.3 205.2 110.7 -1.7 290.8 375.8 324.9 322.4 22

23 Less: Current taxes on income, wealth, etc. (paid) 140.5 165.7 151.7 81.7 91.6 150.0 151.9 177.8 23

24 Less: Other current transfers (paid) -13.4 -21.1 7.5 46.0 26.9 18.4 19.8 -12.0 24

25 Equals: Disposable income, net 73.1 60.6 -48.5 -129.4 172.3 207.4 153.1 156.5 25

26 Equals: Net saving 73.1 60.6 -48.5 -129.4 172.3 207.4 153.1 156.5 26

 Capital account

27 Net saving less capital transfers 45.4 60.6 -48.5 -68.9 294.2 248.9 185.5 146.9 27

28 Net saving 73.1 60.6 -48.5 -129.4 172.3 207.4 153.1 156.5 28

29 Less: Capital transfers paid (net) 27.7 0.0 0.0 -60.5 -121.9 -41.5 -32.4 9.6 29

30 Capital formation, net 31.1 31.9 46.1 22.3 -10.5 -13.9 -3.8 6.8 30

31 Gross fixed capital formation (nonresidential) 180.0 188.7 211.5 196.2 166.9 162.8 175.2 193.4 31

32 Less: Consumption of fixed capital 148.9 156.8 165.4 173.9 177.4 176.7 179.0 186.6 32

33 Net lending (+) or borrowing (-), capital account (lines 27-30) 14.3 28.8 -94.6 -91.2 304.7 262.8 189.3 140.2 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) 14.3 28.8 -94.6 -91.2 304.7 262.8 189.3 140.2 34

35 Net acquisition of financial assets 3643.8 4519.4 5183.9 4599.3 -1192.6 -376.2 1929.7 1779.7 35

36 Monetary gold -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Currency and deposits -12.3 74.7 170.2 1008.9 224.4 -139.8 529.3 -38.6 37

38 Debt securities 652.6 1108.2 1050.4 1239.6 791.1 834.4 1337.8 1082.9 38

39 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 39

40 Open market paper 204.7 241.1 -95.5 -8.1 -396.8 -103.3 -76.3 -7.9 40

41 Treasury securities 51.0 83.8 34.0 442.1 363.5 501.2 981.4 323.2 41

42 Agency- and GSE-backed securities (2) -248.4 97.7 284.1 725.4 683.6 55.1 142.1 230.2 42

43 Municipal securities 115.6 131.2 184.7 42.1 38.4 44.1 15.0 138.2 43

44 Corporate and foreign bonds 489.7 518.5 609.9 -25.1 37.4 271.6 204.8 358.8 44

45 Nonmarketable government securities 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 45

46 Loans 1953.5 2025.2 2366.0 1647.5 -2815.3 -975.6 -136.5 210.7 46

47 Short term 541.8 624.9 1266.9 1554.0 -2513.2 -439.0 181.7 441.3 47

48 Long term (mortgages) 1411.7 1400.3 1099.1 93.5 -302.1 -536.7 -318.2 -230.6 48

49 Equity and investment fund shares 532.1 499.8 1222.8 833.2 46.4 -133.9 -62.8 358.2 49

50 Corporate equities 284.8 179.5 422.0 213.5 170.4 81.4 -86.3 164.1 50

51 Mutual fund shares 47.0 96.7 88.6 47.7 68.9 17.1 -14.3 68.9 51

52 Money market mutual fund shares 12.0 -6.7 330.8 283.2 -174.0 -171.8 -68.0 -16.0 52

53 Equity in government-sponsored enterprises (2) 2.0 -0.0 8.3 -5.3 0.0 -3.2 -6.2 -2.0 53

54 U.S. direct investment abroad 11.5 25.8 107.0 66.4 40.7 -2.3 9.2 22.5 54

55 Stock in Federal Reserve Banks 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 55

56 Investment in subsidiaries 173.2 202.8 263.1 225.0 -64.1 -56.0 102.4 120.3 56
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S.6.a Financial Business

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2005 2006 2007 2008 2009 2010 2011 2012

 

57 Insurance, pension and standardized guarantee schemes 198.3 234.0 202.0 407.7 419.3 260.4 316.8 270.1 57

58 Other accounts receivable 319.5 577.5 172.5 -537.7 141.6 -221.7 -54.8 -103.6 58

59 Net incurrence of liabilities 3288.7 4246.2 4986.3 4719.8 -1026.8 -184.5 2038.1 1723.6 59

60 Currency and deposits 611.3 617.4 548.2 2134.9 258.2 331.7 1455.3 602.0 60

61 Debt securities 1039.9 1320.1 1503.4 360.4 -1094.1 -724.4 -415.6 -290.7 61

62 Agency- and GSE-backed securities (2) 80.4 328.2 905.7 768.7 -60.1 -46.9 -21.9 -22.4 62

63 Corporate bonds 745.3 795.4 709.2 -283.0 -586.0 -575.3 -325.6 -209.6 63

64 Commercial paper 214.2 196.4 -111.5 -125.4 -448.1 -102.2 -68.2 -58.8 64

65 Loans 432.1 568.2 588.4 -72.3 -1077.0 -451.3 -18.2 -3.6 65

66 Short term 418.0 561.6 583.7 -79.1 -1080.3 -451.5 -27.3 -19.3 66

67 Long term (mortgages) 14.1 6.6 4.7 6.8 3.4 0.2 9.1 15.6 67

68 Equity and investment fund shares 698.0 931.6 1469.0 1717.6 271.0 73.7 498.8 979.0 68

69 Money market mutual fund shares 125.1 303.1 736.8 724.2 -498.7 -503.2 -112.8 7.1 69

70 Corporate equity issues 78.4 60.0 179.6 639.5 316.3 191.3 164.1 168.6 70

71 Mutual fund shares 260.2 336.8 361.5 -9.9 497.1 370.1 338.4 625.9 71

72 Equity in government-sponsored enterprises (2) 1.9 0.2 9.1 -4.2 0.0 -2.7 -5.9 -1.8 72

73 Foreign direct investment in the United States 13.9 52.0 9.3 120.7 45.7 48.5 34.9 0.8 73

74 Equity in noncorporate business -1.2 -6.8 3.6 11.6 0.6 0.9 -1.7 6.5 74

75 Investment by parent 218.1 184.4 166.1 233.0 -94.5 -32.0 81.5 171.5 75

76 Stock in Federal Reserve Banks 1.6 1.8 3.1 2.6 4.6 0.9 0.4 0.5 76

77 Insurance, pension and standardized guarantee schemes 671.7 640.3 680.0 728.1 488.8 606.7 627.9 492.0 77

78 Other accounts payable -164.1 168.7 197.3 -148.8 126.4 -20.9 -110.1 -55.1 78

 Addendum:

79 Net lending (+) or borrowing (-), financial account (lines 35-59) 355.1 273.2 197.5 -120.5 -165.8 -191.7 -108.3 56.2 79

 Other changes in volume account

80 Total other volume changes 99.4 219.4 41.6 1354.5 -497.4 -496.5 -216.6 132.5 80

81 Disaster losses 1.7 0.0 0.0 0.6 0.0 0.0 0.0 2.0 81

82 Other volume changes -243.0 -25.1 -250.6 1383.2 -26.9 -42.0 81.0 214.6 82

83 Less: Statistical discrepancy (lines 33-[35-59]) (3) -340.8 -244.4 -292.2 29.3 470.6 454.5 297.7 84.0 83

 Revaluation account

84 Nonfinancial assets 78.4 71.9 36.4 65.6 -48.7 6.3 41.9 26.2 84

85 Structures (nonresidential) 75.1 66.9 38.1 59.0 -47.0 1.4 35.0 15.8 85

86 Equipment 2.0 2.9 -3.1 5.3 -0.6 5.0 6.0 6.6 86

87 Intellectual property products 1.2 2.1 1.4 1.3 -1.0 -0.0 0.9 3.7 87

88 Financial assets 928.9 1245.0 759.9 -5986.6 2677.7 1726.4 -579.7 1811.5 88

89 Corporate equities 614.4 957.0 622.4 -5096.5 2141.1 1413.1 -523.7 1480.1 89

90 Mutual fund shares 283.9 252.4 91.8 -900.9 482.4 272.7 -43.7 280.2 90

91 U.S. direct investment abroad 30.7 35.7 45.8 10.8 54.2 40.7 -12.3 51.2 91

92 Liabilities 935.1 1888.6 -498.9 -6395.0 2835.2 2027.4 -781.4 2411.9 92

93 Corporate equity issues 262.4 716.1 -985.4 -2366.2 386.3 525.1 -372.6 681.4 93

94 Mutual fund shares 352.4 682.6 396.0 -2424.7 1035.6 582.2 -340.4 826.8 94

95 Foreign direct investment in the United States 9.4 22.5 -56.7 -157.6 17.9 34.1 35.9 15.5 95

96 Equity in noncorporate business 1.7 4.9 -0.8 -13.6 3.6 0.3 -1.1 -1.0 96

97 Pension fund reserves 280.1 429.2 151.6 -1432.9 716.3 924.9 -102.8 462.8 97

98 Investment by parent 29.0 33.2 -3.7 0.0 675.6 -39.1 -0.3 426.5 98

99 Changes in net worth due to nominal holding gains/losses 72.3 -571.7 1295.2 473.9 -206.2 -294.6 243.7 -574.2 99

 Changes in balance sheet account

100 Change in net worth (lines 30+33+80+99) 217.1 -291.7 1288.2 1759.6 -409.5 -542.3 212.5 -294.7 100

 Balance sheet account (end of period)

101 Total assets 55159.5 60967.2 66879.3 67240.0 68610.6 69487.3 71003.2 75238.0 101

102 Nonfinancial assets (4) 1409.5 1513.3 1595.7 1683.0 1623.8 1616.3 1654.4 1685.4 102

103 Structures (nonresidential) 841.3 916.3 969.3 1035.8 988.3 979.3 1001.8 1005.8 103

104 Equipment 447.3 469.8 487.8 493.6 468.4 469.3 479.9 497.0 104

105 Intellectual property products 120.8 127.1 138.5 153.7 167.1 167.7 172.7 182.5 105
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S.6.a Financial Business

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

106 Financial assets 53750.1 59454.0 65283.6 65557.0 66986.8 67871.0 69348.8 73552.7 106

107 Monetary gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 107

108 Currency and deposits 764.4 814.1 986.6 2031.3 2270.3 2176.3 2705.7 2691.4 108

109 Debt securities 14670.4 15692.2 16742.6 17984.7 18798.4 19053.8 20391.3 21566.5 109

110 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 110

111 Open market paper 1041.9 1280.1 1184.6 1176.1 779.3 676.0 599.7 591.8 111

112 Treasury securities 1642.3 1730.7 1764.7 2206.8 2570.3 3071.5 4052.9 4388.2 112

113 Agency- and GSE-backed securities (2) 4141.5 4154.9 4439.0 5164.4 5902.5 5494.8 5636.9 5881.2 113

114 Municipal securities 1346.1 1477.0 1661.7 1703.8 1742.2 1786.3 1801.3 1939.5 114

115 Corporate and foreign bonds 5613.4 6128.5 6738.4 6716.1 6721.6 6877.0 7081.6 7506.6 115

116 Nonmarketable government securities 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 116

117 Loans 18051.4 20045.0 22400.6 24047.8 21259.9 20228.7 20092.1 20472.9 117

118 Short term 6422.2 6991.9 8248.3 9802.0 7316.3 6923.4 7105.0 7721.4 118

119 Long term (mortgages) 11629.2 13053.2 14152.2 14245.7 13943.6 13305.3 12987.1 12751.5 119

120 Equity and investment fund shares 15310.2 17142.3 19125.0 13971.6 17371.8 18964.3 18321.9 20918.3 120

121 Corporate equities 10328.9 11465.4 12509.7 7626.7 9938.1 11432.6 10822.6 12466.8 121

122 Mutual fund shares 2002.8 2351.9 2532.3 1679.2 2230.4 2520.2 2462.3 2811.3 122

123 Money market fund shares 516.4 563.8 894.5 1177.7 1003.7 832.0 764.0 748.0 123

124 Equity in government-sponsored enterprises (2) 42.0 42.0 50.3 45.0 45.0 41.7 35.5 33.5 124

125 U.S. direct investment abroad 446.0 507.4 660.2 737.4 832.3 870.7 867.5 941.3 125

126 Stock in Federal Reserve Banks 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 126

127 Investment in subsidiaries 1960.6 2196.5 2459.6 2684.6 3296.6 3240.6 3343.0 3889.9 127

128 Insurance, pension and standardized guarantee schemes 2112.2 2156.2 2255.8 4010.1 3845.9 4173.2 4514.8 4445.8 128

129 Other accounts receivable 2830.4 3593.2 3762.0 3500.4 3429.4 3263.7 3312.0 3446.8 129

130 Total liabilities and net worth 55159.5 60967.2 66879.3 67240.0 68610.6 69487.3 71003.2 75238.0 130

131 Liabilities 56101.0 62200.4 66824.3 65425.4 67205.4 68624.4 69927.8 74457.3 131

132 Currency and deposits 8106.6 8724.0 9272.2 11407.0 11665.2 11992.7 13448.0 14053.2 132

133 Debt securities 11964.3 13254.6 14887.8 15247.8 14479.2 13471.8 13056.2 12962.7 133

134 Agency- and GSE-backed securities (2) 6140.7 6468.9 7374.6 8143.4 8083.3 7574.0 7552.1 7529.7 134

135 Corporate bonds 4653.4 5422.1 6261.2 5978.2 5717.7 5321.8 4996.2 4983.9 135

136 Commercial paper 1170.2 1363.5 1252.1 1126.3 678.2 576.0 507.9 449.1 136

137 Loans 3571.4 4136.4 4724.7 4652.4 3707.1 3244.1 3225.9 3284.9 137

138 Short term 3425.9 3984.3 4568.0 4488.9 3540.2 3077.0 3049.7 3093.2 138

139 Long term (mortgages) 145.5 152.1 156.7 163.5 166.9 167.1 176.2 191.8 139

140 Equity and investment fund shares 15146.2 17537.2 18355.7 15111.2 17501.1 18677.3 18497.4 21425.6 140

141 Money market fund shares 1993.1 2296.3 3033.0 3757.3 3258.6 2755.4 2642.5 2649.6 141

142 Corporate equity issues 4631.9 5408.0 4602.2 2875.4 3578.1 4294.5 4085.9 4936.0 142

143 Mutual fund shares 6045.6 7065.0 7822.6 5388.0 6920.7 7873.0 7870.9 9323.6 143

144 Equity in government-sponsored enterprises (2) 46.7 46.9 56.0 51.8 51.8 49.0 43.1 41.2 144

145 Foreign direct investment in the United States 353.2 427.8 380.4 343.5 407.0 489.6 560.4 576.6 145

146 Equity in noncorporate business 11.7 9.8 12.6 10.7 14.8 15.9 13.1 18.6 146

147 Investment by parent 2050.4 2268.1 2430.5 2663.5 3244.5 3173.4 3254.6 3852.6 147

148 Stock in Federal Reserve Banks 13.5 15.3 18.5 21.1 25.6 26.5 26.9 27.4 148

149 Insurance, pension and standardized guarantee schemes 15525.7 16603.8 17445.3 16499.2 17817.3 19423.6 19921.8 20941.1 149

150 Other accounts payable 1786.8 1944.5 2138.5 2507.7 2035.6 1814.9 1778.4 1789.8 150

151 Net worth -941.5 -1233.2 55.0 1814.6 1405.2 862.9 1075.4 780.7 151

Notes. Financial business includes depository institutions, insurance companies and 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.

SDRs Special Drawing Rights
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S.7.a Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Current account

 1 Gross value added 552.7 577.6 605.4 637.6 668.8 704.5 719.7 716.7 1

 2 Less: Consumption of fixed capital 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 2

 3 Equals: Net value added 363.3 376.9 392.6 411.3 434.3 459.1 463.2 454.5 3

 4 Compensation of employees (paid) 362.4 375.1 390.5 410.4 433.5 462.2 470.5 467.9 4

 5 Wages and salaries 263.5 271.7 283.3 296.7 312.2 328.5 331.7 328.0 5

 6 Employers’ social contributions 98.9 103.5 107.3 113.7 121.3 133.7 138.9 139.9 6

 7 Operating surplus, net 0.9 1.8 2.0 0.8 0.7 -3.1 -7.3 -13.4 7

 8 Net national income/Balance of primary incomes, net -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -323.2 -320.0 8

 9 Operating surplus, net 0.9 1.8 2.0 0.8 0.7 -3.1 -7.3 -13.4 9

10 Taxes on production and imports, receivable 99.4 99.2 94.6 94.0 91.4 96.8 108.6 118.0 10

11 Subsidies (paid) -60.5 -51.1 -47.5 -49.6 -56.9 -54.3 -59.4 -56.8 11

12 Property income (received) 27.2 29.0 33.4 33.9 48.5 54.6 57.4 52.9 12

13 Interest 17.3 18.8 22.1 19.5 22.8 29.5 28.5 22.2 13

14 Distributed income of corporations (dividends) 0.2 0.3 0.2 0.6 18.7 17.0 18.8 21.1 14

15 Rents on land and natural resources 9.7 9.9 11.1 13.8 7.0 8.0 10.1 9.6 15

16 Less: Uses of property income (interest paid) 344.4 372.3 408.2 388.0 353.6 380.6 422.6 420.6 16

17 Net national income/Balance of primary incomes, net -277.4 -293.5 -325.6 -308.9 -269.9 -286.6 -323.2 -320.0 17

18 Plus: Current taxes on income, wealth, etc. (received) 1285.2 1459.2 1542.5 1354.1 1072.4 1208.2 1387.5 1518.0 18

19 Plus: Social benefits (received) 853.4 905.7 947.2 974.4 950.8 970.9 904.3 937.8 19

20 Less: Social contributions (paid) 1090.9 1196.7 1272.2 1407.4 1624.9 1726.6 1745.3 1790.5 20

21 Plus: Other current transfers (received) 32.0 36.8 41.0 48.6 66.2 64.4 66.1 49.7 21

22 Less: Other current transfers (paid) 384.2 375.8 401.3 416.0 510.7 555.9 529.0 493.1 22

23 Equals: Disposable income, net 418.0 535.8 531.6 244.7 -316.1 -325.6 -239.6 -98.0 23

24 Less: Final consumption expenditures 723.4 763.9 798.4 879.8 933.7 1003.9 1008.7 1011.7 24

25 Equals: Net saving -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 25

 Capital account

26 Net saving less capital transfers -365.8 -271.3 -319.7 -752.7 -1436.1 -1455.9 -1362.0 -1194.3 26

27 Net saving -305.4 -228.1 -266.7 -635.1 -1249.8 -1329.5 -1248.3 -1109.7 27

28 Less: Capital transfers paid (net) 60.3 43.2 53.0 117.6 186.3 126.3 113.8 84.7 28

29 Capital formation, net 31.5 22.9 35.3 29.1 40.6 53.7 38.0 20.4 29

 Gross fixed capital formation (acquisition of

30 produced nonfinancial assets) 222.9 238.0 251.4 275.8 284.0 300.0 295.4 284.0 30

31 Less: Consumption of fixed capital 189.4 200.7 212.8 226.3 234.5 245.3 256.5 262.3 31

32 Acquisition of nonproduced nonfinancial assets -2.0 -14.4 -3.3 -20.4 -8.9 -1.0 -0.9 -1.4 32

33 Net lending (+) or borrowing (-), capital account (lines 26-29) -397.3 -294.2 -354.9 -781.8 -1476.7 -1509.5 -1400.1 -1214.8 33

 Financial account

34 Net lending (+) or borrowing (-) (line 33) -397.3 -294.2 -354.9 -781.8 -1476.7 -1509.5 -1400.1 -1214.8 34

35 Net acquisition of financial assets 30.8 -14.4 0.6 580.0 237.8 281.9 -154.8 116.4 35

36 Monetary gold and SDRs -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 36

37 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 38

39 Currency and deposits -0.9 -5.5 25.7 316.0 -170.0 150.6 -240.0 11.0 39

40 Official foreign currencies 0.3 0.4 0.5 0.6 0.3 0.3 -0.2 0.2 40

41 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.2 4.0 41

42 Currency and transferable deposits 12.2 -2.7 25.1 313.1 -174.2 148.9 -257.6 6.7 42

43 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 -0.3 0.2 43

44 Nonofficial foreign currencies -2.2 -0.0 -0.1 0.0 0.2 0.1 -0.1 -0.1 44

45 Debt securities 0.0 0.0 0.0 54.4 142.5 -46.9 -118.2 -31.3 45

46 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 142.0 -47.2 -118.1 -31.1 46

47 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.3 -0.1 -0.2 47

48 Loans -0.9 5.9 6.9 39.0 166.5 131.3 137.3 136.2 48

49 Short term -3.3 2.2 4.8 25.5 154.0 136.7 133.3 134.6 49

50 Consumer credit 3.7 1.6 7.0 19.5 87.9 133.1 128.5 132.1 50

51 Other loans and advances -7.0 0.6 -2.2 6.0 66.0 3.5 4.8 2.5 51

52 Long term (mortgages) 2.4 3.7 2.1 13.5 12.6 -5.4 4.0 1.7 52

53 Equity and investment fund shares 1.3 2.0 1.7 257.7 3.4 30.4 43.5 -10.7 53

54 Corporate equities 0.0 0.0 0.0 256.3 0.6 24.1 40.3 -13.2 54

55 Equity in international organizations 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 55

56 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 1.2 4.0 0.7 0.0 57
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58 Other accounts receivable 35.8 -17.1 -33.8 -87.2 47.1 16.5 24.2 11.1 58

59 Trade receivables 9.2 -11.6 1.2 4.2 -21.1 -0.7 4.8 2.6 59

60 Taxes receivable 26.0 -6.5 -35.4 -62.0 35.9 27.1 20.8 11.9 60

61 Other (miscellaneous assets) 0.6 1.0 0.4 -29.4 32.3 -9.8 -1.3 -3.5 61

62 Net incurrence of liabilities 453.6 296.0 391.2 1369.0 1536.1 1697.8 1200.7 1242.1 62

63 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 63

64 Currency and deposits 0.8 0.6 -0.7 -0.8 -0.4 -0.3 0.0 0.0 64

65 Debt securities 346.9 219.1 270.4 1302.5 1508.8 1645.9 1138.7 1180.6 65

66 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 0.0 66

67 Treasury securities including savings bonds 307.3 183.7 237.5 1239.0 1443.7 1579.6 1066.8 1140.6 67

68 Federal agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 1.1 -0.4 68

69 Nonmarketable securities held by pension plans 40.0 35.8 33.3 63.3 61.9 65.7 70.8 40.4 69

70 Loans (mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 70

71 Insurance, pension and standardized guarantee schemes 67.2 64.5 92.7 45.1 33.3 43.5 39.1 61.9 71

72 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 1.3 0.3 72

73 Retiree Health Care Funds 23.0 18.1 43.9 26.5 16.6 22.5 18.5 13.3 73

74 Claims of pension fund on sponsor 43.1 44.9 47.7 17.6 15.6 20.2 19.2 48.2 74

75 Other accounts payable 38.7 11.8 28.7 22.2 -53.2 8.7 23.0 -0.4 75

76 Trade payables 33.7 6.2 29.3 22.6 -56.2 6.3 9.4 7.9 76

77 Other (miscellaneous liabilities) 5.0 5.6 -0.6 -0.3 2.9 2.4 13.6 -8.3 77

 Addendum:

78 Net lending (+) or borrowing (-), financial account (lines 35-62) -422.8 -310.4 -390.6 -789.0 -1298.3 -1416.0 -1355.5 -1125.6 78

 Other changes in volume account

79 Total other volume changes -46.3 31.3 10.8 87.8 122.4 -20.7 47.0 75.2 79

80 Disaster losses 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 80

81 Other volume changes -21.2 47.4 46.5 95.0 -55.9 -114.3 2.5 -13.9 81

82 Less: Statistical discrepancy (lines 33-[35-62]) (2) 25.5 16.1 35.7 7.2 -178.4 -93.5 -44.5 -89.2 82

 Revaluation account

83 Nonfinancial assets 116.8 116.4 93.0 69.0 -36.0 61.3 63.3 41.2 83

84 Structures 94.1 95.2 60.7 44.0 -48.4 18.1 46.6 34.7 84

85 Equipment 7.3 10.4 7.6 11.8 8.6 5.0 11.0 5.5 85

86 Intellectual property products 15.4 10.8 24.8 13.2 3.8 38.2 5.7 0.9 86

87 Financial assets -2.1 0.8 0.7 -67.9 -121.6 -43.7 -40.5 -9.0 87

88 Monetary gold and SDRs -0.9 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 88

89 Currency and deposits -1.2 0.3 0.2 -0.0 0.3 -0.2 -7.8 -4.3 89

90 Corporate equities 0.0 0.0 0.0 -67.7 -121.9 -41.5 -32.4 -4.7 90

91 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 -0.3 -1.0 -0.2 -0.1 91

92 Liabilities -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 92

93 SDR allocations -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 93

94 Changes in net worth due to nominal holding gains/losses 115.3 116.8 93.3 1.2 -157.9 18.5 23.0 32.1 94

 Changes in balance sheet account

95 Change in net worth (lines 29+33+79+94) -296.8 -123.3 -215.6 -663.6 -1471.6 -1458.1 -1292.0 -1087.0 95

 Balance sheet account (end of period)

96 Total assets 3070.2 3238.1 3415.2 4121.6 4229.2 4569.8 4464.0 4627.2 96

97 Nonfinancial assets (3) 2426.5 2579.8 2711.3 2829.2 2842.1 2957.5 3059.2 3121.6 97

98 Structures 1176.5 1266.6 1325.4 1369.8 1326.1 1352.5 1404.1 1435.6 98

99 Equipment 520.7 550.7 576.7 616.2 649.8 680.9 709.6 730.5 99

100 Intellectual property products 729.3 762.4 809.3 843.2 866.2 924.1 945.5 955.5 100

101 Financial assets 643.7 658.3 703.9 1292.4 1387.1 1612.3 1404.8 1505.6 101

102 Monetary gold and SDRs 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 102

103 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103

104 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 104
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2005 2006 2007 2008 2009 2010 2011 2012

 

105 Currency and deposits 65.9 60.8 86.7 402.7 233.0 383.4 135.6 142.4 105

106 Official foreign currencies 18.9 20.5 22.5 24.8 25.2 26.0 25.8 24.9 106

107 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 12.6 23.0 22.8 107

108 Currency and transferable deposits 36.8 32.9 56.5 368.0 193.6 342.1 84.3 92.0 108

109 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 1.7 2.0 109

110 Nonofficial foreign currencies 0.6 0.6 0.5 0.5 0.7 0.8 0.7 0.7 110

111 Debt securities 0.0 0.0 0.0 54.4 197.0 150.1 31.9 0.6 111

112 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 196.4 149.2 31.1 0.0 112

113 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.9 0.8 0.6 113

114 Loans 273.8 296.9 303.8 342.8 509.3 644.2 781.5 917.8 114

115 Short term 197.2 216.6 221.4 247.0 400.9 537.6 670.9 805.5 115

116 Consumer credit 89.8 108.7 115.7 135.1 223.1 356.2 484.7 616.8 116

117 Other loans and advances 107.4 108.0 105.8 111.8 177.9 181.4 186.3 188.7 117

118 Long term (mortgages) 76.6 80.3 82.4 95.8 108.4 106.6 110.6 112.3 118

119 Equity and investment fund shares 43.2 45.3 46.9 237.0 118.2 106.1 117.0 101.5 119

120 Corporate equities 0.0 0.0 0.0 188.7 67.4 49.9 57.8 39.9 120

121 Equity in international organizations 43.2 45.3 46.9 48.3 50.0 52.3 54.9 57.3 121

122 Equity in government-sponsored enterprises (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 122

123 Equity investment under Public-Private Inv. Program 0.0 0.0 0.0 0.0 0.9 3.8 4.4 4.4 123

124 Other accounts receivable 252.5 246.5 257.0 246.2 271.8 271.7 283.7 288.2 124

125 Trade receivables 71.0 59.4 60.6 64.7 43.6 42.9 47.7 50.3 125

126 Taxes receivable 91.6 96.1 105.0 119.4 133.9 144.3 152.8 158.1 126

127 Other (miscellaneous assets) 89.9 91.0 91.4 62.0 94.3 84.5 83.2 79.8 127

128 Total liabilities and net worth 3070.2 3238.1 3415.2 4121.6 4229.2 4569.8 4464.0 4627.2 128

129 Liabilities 7370.4 7661.6 8054.2 9424.3 11003.5 12802.1 13988.3 15238.6 129

130 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 130

131 Currency and deposits 27.5 28.1 27.4 26.6 26.2 25.9 25.9 25.9 131

132 Debt securities 5587.0 5806.1 6076.5 7379.0 8887.8 10533.8 11672.5 12853.0 132

133 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 133

134 Treasury securities including savings bonds 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 10428.3 11568.9 134

135 Federal agency securities 23.8 23.5 23.1 23.3 23.5 24.2 25.3 24.9 135

136 Nonmarketable securities held by pension plans 882.9 918.7 952.0 1015.3 1077.2 1142.9 1213.7 1254.1 136

137 Loans (mortgages) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 137

138 Insurance, pension and standardized guarantee schemes 1540.9 1606.0 1699.5 1746.1 1825.5 1973.5 2012.2 2074.4 138

139 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 49.7 50.0 139

140 Retiree Health Care Funds 75.4 93.5 137.3 163.8 180.4 202.9 221.4 234.8 140

141 Claims of pension fund on sponsor 1422.8 1468.3 1516.8 1535.8 1597.6 1722.2 1741.1 1789.6 141

142 Other accounts payable 208.1 214.0 243.1 265.1 208.6 214.5 223.5 230.9 142

143 Trade payables 202.7 208.9 238.2 260.8 204.6 210.9 220.3 228.2 143

144 Other (miscellaneous liabilities) 5.4 5.1 4.9 4.3 4.0 3.6 3.2 2.8 144

145 Net worth -4300.2 -4423.5 -4639.0 -5302.7 -6774.2 -8232.3 -9524.3 -10611.3 145

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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 Current account

 1 Gross value added 1191.7 1250.3 1318.5 1385.2 1419.4 1454.2 1468.0 1491.9 1

 2 Less: Consumption of fixed capital 157.3 170.3 186.6 200.2 208.2 212.7 221.7 231.4 2

 3 Equals: Net value added 1034.4 1080.0 1131.9 1185.0 1211.3 1241.5 1246.3 1260.6 3

 4 Compensation of employees (paid) 1041.8 1091.1 1150.4 1207.1 1232.6 1261.3 1262.8 1274.8 4

 5 Wages and salaries 728.0 763.3 805.6 847.4 862.9 862.6 862.8 869.3 5

 6 Employers’ social contributions 313.7 327.8 344.9 359.7 369.7 398.7 400.0 405.5 6

 7 Operating surplus, net -7.3 -11.1 -18.5 -22.0 -21.4 -19.8 -16.5 -14.3 7

 8 Net national income/Balance of primary incomes, net 804.2 868.3 910.7 901.6 811.0 829.5 858.5 857.7 8

 9 Operating surplus, net -7.3 -11.1 -18.5 -22.0 -21.4 -19.8 -16.5 -14.3 9

10 Taxes on production and imports, receivable 835.1 892.7 940.0 947.9 934.8 960.4 988.5 1004.9 10

11 Subsidies (paid) -0.4 -0.4 -7.1 -3.0 -1.4 -1.6 -0.5 -0.5 11

12 Property income (received) 88.6 107.2 117.9 105.7 87.8 82.6 80.0 78.5 12

13 Interest 76.8 94.7 104.2 91.0 74.4 69.1 66.3 64.2 13

14 Distributed income of corporations (dividends) 2.0 2.1 2.2 2.6 2.1 2.3 2.3 2.4 14

15 Rents on land and natural resources 9.8 10.4 11.5 12.1 11.2 11.2 11.4 11.9 15

16 Less: Uses of property income (interest paid) 111.8 120.1 121.5 127.0 188.8 192.1 192.9 211.0 16

17 Net national income/Balance of primary incomes, net 804.2 868.3 910.7 901.6 811.0 829.5 858.5 857.7 17

18 Plus: Current taxes on income, wealth, etc. (received) 331.4 361.7 381.4 381.0 333.4 345.3 377.7 400.2 18

19 Plus: Social benefits (received) 24.6 21.5 18.9 18.7 18.6 18.1 18.3 17.5 19

20 Less: Social contributions (paid) 406.6 403.9 433.3 455.4 492.6 523.8 532.0 544.3 20

21 Plus: Other current transfers (received) 436.4 438.9 460.9 477.8 566.1 612.0 581.8 552.6 21

22 Equals: Disposable income, net 1190.0 1286.5 1338.6 1323.7 1236.4 1281.0 1304.3 1283.7 22

23 Less: Final consumption expenditures 1256.6 1325.9 1411.4 1488.7 1508.4 1518.3 1517.4 1536.4 23

24 Equals: Net saving -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -213.1 -252.7 24

 Capital account

25 Net saving less capital transfers -16.2 18.4 -13.4 -101.8 -204.2 -160.6 -139.2 -178.6 25

26 Net saving -66.6 -39.4 -72.7 -165.1 -271.9 -237.3 -213.1 -252.7 26

27 Less: Capital transfers paid (net) -50.4 -57.8 -59.3 -63.2 -67.7 -76.7 -73.9 -74.1 27

28 Capital formation, net 143.5 155.0 167.9 172.5 167.2 149.7 125.7 113.8 28

 Gross fixed capital formation (acquisition of

29 produced nonfinancial assets) 290.8 314.3 340.8 358.8 363.0 351.9 337.2 334.9 29

30 Less: Consumption of fixed capital 157.3 170.3 186.6 200.2 208.2 212.7 221.7 231.4 30

31 Acquisition of nonproduced nonfinancial assets 10.0 11.0 13.6 13.8 12.3 10.6 10.1 10.2 31

32 Net lending (+) or borrowing (-), capital account (lines 25-28) -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -264.8 -292.4 32

 Financial account

33 Net lending (+) or borrowing (-) (line 32) -159.7 -136.6 -181.2 -274.3 -371.4 -310.3 -264.8 -292.4 33

34 Net acquisition of financial assets 254.1 205.1 237.9 -103.4 10.8 66.1 -56.7 -61.0 34

35 Currency and deposits 19.0 22.3 33.0 27.3 28.4 -1.3 31.1 11.3 35

36 Currency and transferable deposits 15.8 5.4 -0.2 8.5 19.2 5.6 16.6 -8.9 36

37 Time and savings deposits 3.2 16.9 33.3 18.8 9.3 -6.9 14.4 20.3 37

38 Debt securities 155.6 109.9 135.3 -91.8 -42.3 51.1 -72.9 -47.5 38

39 Open market paper -0.1 -1.4 -2.4 -22.0 -39.0 13.0 -10.8 -4.6 39

40 Treasury securities 107.3 58.3 77.3 -46.4 -17.4 6.8 -45.5 -9.3 40

41 Agency- and GSE-backed securities (1) 35.7 39.0 44.3 -18.3 9.8 22.5 -12.7 -25.0 41

42 Municipal securities 1.2 1.4 1.6 0.4 1.0 1.4 0.1 -0.6 42

43 Corporate and foreign bonds 11.5 12.6 14.3 -5.6 3.3 7.4 -4.0 -8.0 43

44 Loans 20.3 21.8 24.5 -18.0 0.7 8.7 -11.0 -15.9 44

45 Short term 5.7 5.7 6.2 -12.0 -4.2 -1.4 -6.5 -5.9 45

46 Long term (mortgages) 14.6 16.1 18.3 -6.0 5.0 10.0 -4.5 -9.9 46

47 Equity and investment fund shares 21.5 23.8 27.2 -5.8 9.1 16.3 -5.1 -14.0 47

48 Money market fund shares 13.6 15.4 17.8 2.7 9.8 13.7 -0.1 -7.5 48

49 Corporate equities 4.4 4.5 4.9 -7.8 -2.3 -0.2 -4.3 -4.3 49

50 Mutual fund shares 3.5 3.9 4.4 -0.7 1.7 2.8 -0.7 -2.2 50

51 Other accounts receivable 37.7 27.4 17.9 -15.0 14.7 -8.7 1.3 5.0 51

52 Trade receivables 17.4 8.9 7.8 -15.4 -4.6 13.1 2.3 8.3 52

53 Taxes receivable 14.3 12.1 3.0 5.6 -5.9 0.7 2.2 1.3 53

54 Other (miscellaneous assets) 6.0 6.4 7.2 -5.3 25.2 -22.4 -3.2 -4.6 54
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55 Net incurrence of liabilities 230.7 213.9 306.5 233.0 445.0 377.3 272.7 184.8 55

56 Debt securities (municipals) 141.1 100.3 146.0 17.1 112.2 68.7 -53.6 -5.7 56

57 Short term -1.7 -8.2 16.8 4.6 7.8 -0.7 -10.6 3.8 57

58 Other 142.8 108.5 129.2 12.5 104.4 69.3 -42.9 -9.4 58

59 Loans (short term) 0.6 0.6 0.7 0.8 0.8 0.9 0.9 0.4 59

60 Insurance, pension and standardized guarantee schemes 57.1 78.7 123.1 176.5 293.0 269.3 287.0 151.0 60

 (Claim of pension funds on sponsor)

61 Other accounts payable (trade payables) 31.9 34.3 36.7 38.6 38.9 38.5 38.4 39.1 61

 Addendum:

62 Net lending (+) or borrowing (-), financial account (lines 34-55) 23.4 -8.7 -68.6 -336.4 -434.2 -311.2 -329.4 -245.8 62

 Other changes in volume account

63 Total other volume changes 215.9 318.9 221.5 -984.2 362.5 40.3 -54.3 342.2 63

64 Disaster losses 10.7 0.0 0.0 0.0 0.0 0.0 0.0 7.6 64

65 Other volume changes 22.0 191.0 108.9 -922.1 425.3 41.2 10.3 288.1 65

66 Less: Statistical discrepancy (lines 32-[34-55]) (2) -183.1 -127.9 -112.7 62.1 62.9 0.9 64.6 -46.5 66

 Revaluation account

67 Nonfinancial assets 473.4 605.0 460.9 411.4 -105.2 175.7 392.5 225.4 67

68 Structures 472.2 602.7 457.9 403.0 -104.3 171.9 386.1 225.3 68

69 Equipment 0.4 1.1 0.6 6.6 -1.1 2.4 4.6 -1.3 69

70 Intellectual property products 0.8 1.1 2.4 1.8 0.3 1.4 1.9 1.3 70

71 Equity and investment fund shares 5.4 16.9 5.1 -61.0 33.4 21.6 1.7 18.0 71

72 Changes in net worth due to nominal holding gains/losses 478.9 621.8 466.0 350.5 -71.8 197.3 394.3 243.4 72

 Changes in balance sheet account

73 Change in net worth (lines 28+32+63+72) 678.6 959.1 674.1 -735.6 86.5 77.0 200.8 407.0 73

 Balance sheet account (end of period)

74 Total assets 8576.9 9547.9 10406.1 10811.9 10905.7 11308.0 11760.7 12058.0 74

75 Nonfinancial assets (3) 6259.0 7008.0 7623.1 8193.3 8243.0 8557.5 9065.2 9386.3 75

76 Structures 5976.8 6715.1 7314.8 7863.3 7903.6 8207.7 8703.7 9020.8 76

77 Equipment 206.9 212.7 221.5 236.4 240.9 245.4 250.8 249.8 77

78 Intellectual property products 75.3 80.2 86.9 93.6 98.5 104.4 110.7 115.7 78

79 Financial assets 2317.9 2539.9 2783.0 2618.6 2662.8 2750.5 2695.5 2671.6 79

80 Currency and deposits 236.1 258.4 291.4 318.8 347.2 345.9 377.0 407.4 80

81 Currency and transferable deposits 66.2 71.6 71.4 79.9 99.1 104.6 121.3 117.7 81

82 Time and savings deposits 169.9 186.8 220.0 238.9 248.1 241.3 255.7 289.8 82

83 Debt securities 1217.1 1327.0 1462.3 1370.5 1328.2 1379.3 1306.4 1258.9 83

84 Open market paper 153.2 151.9 149.5 127.5 88.5 101.5 90.7 86.1 84

85 Treasury securities 512.2 570.5 647.8 601.4 584.1 590.9 545.4 536.2 85

86 Agency- and GSE-backed securities (1) 413.3 452.3 496.6 478.4 488.1 510.6 497.9 472.9 86

87 Municipal securities 6.9 8.3 10.0 10.4 11.4 12.8 12.9 12.2 87

88 Corporate and foreign bonds 131.4 144.0 158.4 152.8 156.1 163.5 159.6 151.5 88

89 Loans 288.8 310.6 335.1 317.0 317.8 326.4 315.4 299.6 89

90 Short term 130.0 135.7 141.8 129.8 125.5 124.2 117.7 111.7 90

91 Long term (mortgages) 158.9 174.9 193.2 187.3 192.2 202.2 197.8 187.8 91

92 Equity and investment fund shares 246.6 287.2 319.6 252.8 295.3 333.2 329.8 333.9 92

93 Money market fund shares 89.9 105.2 123.1 125.7 135.5 149.3 149.2 141.7 93

94 Corporate equities 116.1 132.9 141.6 90.8 111.5 125.8 122.7 130.3 94

95 Mutual fund shares 40.7 49.1 54.9 36.2 48.3 58.2 58.0 61.9 95

96 Other accounts receivable 329.3 356.7 374.6 359.6 374.3 365.6 366.9 371.9 96

97 Trade receivables 142.5 151.3 159.1 143.7 139.1 152.2 154.5 162.8 97

98 Taxes receivable 102.3 114.4 117.4 123.0 117.1 117.8 120.0 121.3 98

99 Other (miscellaneous assets) 84.6 90.9 98.1 92.9 118.1 95.7 92.4 87.8 99

100 Total liabilities and net worth 8576.9 9547.9 10406.1 10811.9 10905.7 11308.0 11760.7 12058.0 100

101 Liabilities 3385.9 3397.8 3581.9 4723.3 4730.6 5055.9 5307.8 5198.1 101
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Historical Annuals, 2005-2012, December 9, 2013 141

S.8.a State and Local Governments

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

102 Debt securities (municipals) 2579.2 2679.6 2825.6 2842.7 2954.9 3023.6 2970.0 2964.3 102

103 Short term 42.5 34.3 51.2 55.8 63.6 63.0 52.3 56.1 103

104 Other 2536.7 2645.2 2774.4 2786.9 2891.3 2960.6 2917.6 2908.2 104

105 Loans (short term) 10.6 11.2 11.9 12.7 13.5 14.4 15.3 15.7 105

106 Insurance, pension and standardized guarantee schemes 314.0 190.8 191.4 1276.3 1131.7 1348.9 1615.1 1471.5 106

 (Claim of pension funds on sponsor)

107 Other accounts payable (trade payables) 482.0 516.2 553.0 591.6 630.5 669.0 707.4 746.5 107

108 Net worth 5191.0 6150.1 6824.2 6088.6 6175.1 6252.1 6452.9 6859.9 108

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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142 Historical Annuals, 2005-2012, December 9, 2013

S.9.a Rest of the World 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

 Current account

 1 Foreign income from U.S. 2623.3 2998.4 3250.3 3378.4 2608.7 3018.1 3360.9 3453.5 1

 2 U.S. imports of goods and services 2026.1 2240.9 2375.5 2556.4 1976.0 2362.0 2669.9 2743.1 2

 3 U.S. income payments to rest of world 482.3 655.7 749.1 683.8 496.5 514.1 542.1 565.7 3

 4 Current taxes and trans. payments to rest of world 114.9 101.7 125.7 138.3 136.1 142.0 149.0 144.6 4

 5 Less: Foreign outlays to U.S. 1886.1 2202.7 2541.3 2699.9 2227.5 2563.5 2904.0 3014.5 5

 6 U.S. exports of goods and services 1310.4 1478.5 1665.7 1843.1 1583.8 1843.5 2101.1 2195.9 6

 7 U.S. income receipts from rest of world 575.8 724.2 875.5 856.8 643.7 720.0 802.8 818.6 7

 8 Equals: Net saving (current external balance) 737.1 795.7 709.1 678.5 381.2 454.5 457.0 439.0 8

 Capital account

 9 Net saving 737.1 795.7 709.1 678.5 381.2 454.5 457.0 439.0 9

10 Less: Net capital transfers 12.8 -2.0 -0.4 5.4 -0.6 -0.7 -1.6 6.6 10

11 Less: Acquisition of nonproduced nonfinancial assets 0.1 -0.1 0.5 -0.0 0.0 -0.0 -0.1 0.0 11

12 Net lending (+) or borrowing (-), capital account (lines 9-10-11) 724.3 797.8 709.0 673.1 381.7 455.2 458.6 432.4 12

 Financial account

13 Net lending (+) or borrowing (-) (line 12) 724.3 797.8 709.0 673.1 381.7 455.2 458.6 432.4 13

14 Net acquisition of U.S. financial assets 1112.4 1874.0 1802.4 569.9 236.5 1196.8 1108.4 696.8 14

15 Monetary gold and SDRs 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 15

16 Monetary gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 0.0 17

18 Currency and deposits 24.6 50.7 -74.2 497.9 -284.3 -23.3 343.0 -31.0 18

19 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 55.0 57.1 19

20 Transferable deposits 6.4 9.2 5.2 34.8 -21.8 1.2 26.8 11.0 20

21 Time deposits 20.3 34.0 40.7 78.5 -73.2 9.0 47.2 36.8 21

22 Net interbank items due from U.S. banks -10.6 5.3 -109.5 355.4 -201.9 -61.8 213.9 -136.0 22

23 Debt securities 720.7 967.4 841.1 421.9 167.5 643.9 205.7 501.9 23

24 Open market paper 9.9 46.7 -8.3 -45.1 -41.4 -0.5 0.7 3.4 24

25 Treasury securities 245.1 150.3 165.3 711.6 554.4 740.4 357.9 589.5 25

26 Agency- and GSE-backed securities (1) 134.3 224.0 248.8 -228.6 -226.0 -72.3 -41.6 -71.8 26

27 Municipal securities 3.0 5.4 10.7 5.9 7.7 13.1 -1.4 -2.4 27

28 Corporate bonds 328.5 541.0 424.6 -21.8 -127.3 -36.8 -109.9 -16.9 28

29 Loans (short term) 79.5 60.9 182.5 -625.0 -86.7 54.0 157.1 -47.4 29

30 Security repurchases 48.2 54.6 80.2 -580.4 -42.7 74.2 123.3 2.6 30

31 Loans to U.S. corporate business 31.3 6.2 102.3 -44.7 -44.0 -20.2 33.9 -49.9 31

32 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Equity and investment fund shares 201.9 388.6 496.8 436.9 369.7 384.8 363.9 398.5 33

34 Money market fund shares 0.1 4.1 19.0 23.7 7.2 -7.1 -50.8 36.8 34

35 Corporate equities 56.9 96.2 217.6 105.8 154.9 74.6 37.0 35.8 35

36 Mutual fund shares 32.3 45.2 39.1 -2.7 57.2 111.5 147.5 159.4 36

37 Foreign direct investment in the United States 112.6 243.2 221.2 310.1 150.4 205.9 230.2 166.4 37

38 Other accounts receivable 85.8 406.4 356.3 -161.7 22.7 137.4 38.7 -125.2 38

39 Trade receivables 7.9 5.9 20.8 6.5 6.6 19.8 17.7 11.5 39

40 Other (miscellaneous assets) 77.9 400.5 335.4 -168.2 16.1 117.7 21.0 -136.6 40

41 Net incurrence of liabilities 398.6 1066.6 1184.7 -166.7 5.7 758.9 557.9 250.5 41

42 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 -1.8 0.0 42

43 Currency and deposits 29.0 84.6 255.8 -389.5 -106.5 -7.4 -28.8 -25.8 43

44 Official foreign currencies 0.6 0.7 1.0 1.3 0.7 0.5 -0.5 0.4 44

45 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 18.1 4.0 45

46 U.S. private deposits 40.8 87.2 256.0 -394.3 -110.7 -9.3 -46.3 -30.2 46

47 Nonofficial foreign currencies -2.2 -0.0 -0.1 0.0 0.2 0.1 -0.1 -0.1 47

48 Debt securities 103.1 326.2 149.4 -229.8 222.7 57.2 84.2 90.1 48

49 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 -53.5 27.9 49

50 Bonds 64.5 227.8 218.7 -158.8 163.3 59.9 137.7 62.2 50

51 Loans (short term) 15.4 61.8 165.6 177.0 -502.4 214.3 215.9 -15.2 51

52 Security repurchases 2.7 52.3 115.3 -366.3 55.7 200.3 71.6 39.7 52

53 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.2 1.4 5.7 53

54 Depository institution loans n.e.c. 17.3 16.9 29.4 15.1 -14.8 24.0 43.2 30.4 54

55 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Nonoff. foreign currencies (swap lines) 0.0 0.0 24.0 529.7 -543.5 -10.2 99.7 -90.9 56
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Historical Annuals, 2005-2012, December 9, 2013 143

S.9.a Rest of the World 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

57 Equity and investment fund shares 243.8 425.6 605.7 282.8 399.3 393.1 448.2 421.8 57

58 Corporate equities 186.7 137.3 147.8 -38.5 63.7 79.1 6.0 82.6 58

59 U.S. government equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 2.3 2.6 2.4 59

60 U.S. direct investment abroad 36.2 244.9 414.0 329.1 310.4 301.1 409.0 388.3 60

61 Investment by holding companies 19.6 41.3 42.2 -9.1 23.5 10.6 30.6 -51.5 61

62 Other accounts payable 11.8 168.3 8.1 -7.3 -55.6 101.6 -159.9 -220.5 62

63 Trade payables 6.3 6.2 12.4 -9.9 6.1 25.8 -32.2 6.3 63

64 Other (miscellaneous liabilities) 5.5 162.1 -4.3 2.6 -61.7 75.8 -127.8 -226.8 64

 Addendum:

65 Net lending, financial account (lines 14-41) 713.8 807.4 617.6 736.6 230.9 437.9 550.5 446.3 65

 Other changes in volume account

66 Total other volume changes -271.2 77.0 -245.0 -284.3 -463.5 -203.5 242.3 64.3 66

67 Other volume changes -260.7 67.4 -153.7 -347.8 -312.7 -186.2 150.4 50.4 67

68 Less: Statistical discrepancy (lines 12-[14-41]) (2) 10.4 -9.6 91.3 -63.4 150.8 17.3 -91.9 -13.9 68

 Revaluation account

69 Financial assets -53.9 382.5 264.3 -1610.5 492.7 612.5 434.1 610.6 69

70 SDR allocations -0.6 0.4 0.4 -0.2 0.2 -1.0 -0.2 0.1 70

71 Debt securities -195.4 34.8 129.1 -125.7 76.2 144.7 298.3 127.0 71

72 Treasury securities -74.3 -8.5 85.0 164.9 -136.8 47.9 190.2 -22.6 72

73 Agency- and GSE-backed securities 3.4 26.7 70.0 53.2 -26.0 1.4 38.1 -4.5 73

74 Corporate bonds -124.4 16.6 -26.0 -343.8 239.1 95.5 70.0 154.2 74

75 Equity and investment fund shares 142.1 347.3 134.8 -1484.6 416.3 468.7 136.0 483.5 75

76 Corporate equities 77.5 312.8 145.6 -1110.0 514.7 410.9 36.0 392.2 76

77 Mutual fund shares 14.0 29.6 18.5 -116.0 51.2 38.2 74.3 79.9 77

78 Foreign direct investment in the United States 50.6 4.9 -29.3 -258.6 -149.6 19.6 25.7 11.4 78

79 Liabilities 642.1 964.8 1059.5 -2783.4 1372.2 821.8 -361.1 964.8 79

80 SDR holdings -0.9 0.4 0.5 -0.2 0.2 -1.0 -0.1 0.1 80

81 Currency and deposits -6.7 2.7 4.1 2.5 0.6 0.9 -7.5 -6.6 81

82 Official foreign currencies -5.5 2.4 3.9 2.5 0.3 1.0 0.3 -2.3 82

83 Reserve position in IMF (net) -1.2 0.3 0.2 -0.0 0.3 -0.2 -7.8 -4.3 83

84 U.S. private deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 84

85 Nonofficial foreign currencies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 85

86 Debt securities (corporate bonds) -37.9 36.2 92.8 -191.0 169.7 101.0 70.9 138.5 86

87 Equity and investment fund shares 687.6 925.5 962.1 -2594.7 1201.6 720.9 -424.3 832.8 87

88 Corporate equities 570.6 873.9 771.2 -2461.0 1183.2 825.8 -404.8 806.5 88

89 U.S. direct investment abroad 117.0 51.5 190.9 -133.7 18.5 -104.9 -19.4 26.3 89

90 Changes in net worth due to nominal holding gains/losses -695.9 -582.3 -795.3 1173.0 -879.5 -209.3 795.1 -354.2 90

 Changes in balance sheet account

91 Change in net worth (lines 12+66+90) -242.8 292.5 -331.3 1561.8 -961.3 42.4 1496.1 142.5 91

 Financial balance sheet account (end of period) (3)

92 Total financial assets 11705.0 14193.3 16198.6 15386.1 16021.0 17676.0 19288.1 20644.3 92

93 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 54.2 54.3 93

94 Currency and deposits 550.3 601.0 526.8 1024.7 740.4 717.1 1060.1 1029.0 94

95 Currency 280.4 282.6 272.0 301.1 313.8 342.1 397.1 454.2 95

96 Transferable deposits 19.7 28.9 34.2 69.0 47.2 48.4 75.2 86.2 96

97 Time deposits 213.5 247.5 288.2 366.7 293.5 302.5 349.7 386.5 97

98 Net interbank items due from U.S. banks 36.7 42.0 -67.5 287.9 86.0 24.2 238.1 102.1 98

99 Debt securities 5028.8 6030.9 7001.1 7297.3 7541.0 8329.6 8833.5 9462.4 99

100 Open market paper 239.6 286.3 278.1 232.9 191.5 191.0 191.7 195.2 100

101 Treasury securities 1984.4 2126.2 2376.4 3253.0 3670.6 4458.8 5006.9 5573.8 101

102 Agency- and GSE-backed securities (1) 1012.9 1263.6 1582.4 1406.9 1154.9 1084.0 1080.6 1004.3 102

103 Municipal securities 29.0 34.4 45.1 51.0 58.7 71.7 70.3 67.9 103

104 Corporate bonds 1762.9 2320.5 2719.1 2353.5 2465.3 2524.0 2484.0 2621.3 104
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S.9.a Rest of the World 

Billions of dollars

2005 2006 2007 2008 2009 2010 2011 2012

 

105 Loans (short term) 875.9 1197.8 1380.2 849.7 744.0 798.0 959.3 911.9 105

106 Security repurchases 713.3 1029.0 1109.1 623.3 561.5 635.8 763.1 765.7 106

107 Loans to U.S. corporate business 162.5 168.8 271.1 226.4 182.5 162.3 196.1 146.2 107

108 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 108

109 Equity and investment fund shares 4210.0 4946.0 5577.6 4529.8 5315.9 6169.4 6729.9 7611.8 109

110 Money market fund shares 23.0 27.0 46.0 69.7 76.9 69.8 79.5 116.4 110

111 Corporate equities 2039.1 2448.1 2811.3 1807.1 2476.7 2962.2 3035.3 3463.2 111

112 Mutual fund shares 242.0 316.8 374.3 255.6 364.1 513.8 735.6 975.0 112

113 Foreign direct investment in the United States 1906.0 2154.1 2345.9 2397.4 2398.2 2623.6 2879.5 3057.3 113

114 Other accounts receivable 1033.1 1410.2 1705.2 1677.1 1624.4 1607.5 1651.1 1574.9 114

115 Trade receivables 56.9 62.8 83.6 90.1 96.7 116.4 134.2 145.6 115

116 Other (miscellaneous assets) 976.2 1347.5 1621.6 1587.0 1527.7 1491.1 1517.0 1429.2 116

117 Total liabilities and net worth 11705.0 14193.3 16198.6 15386.1 16021.0 17676.0 19288.1 20644.3 117

118 Total liabilities 9581.0 11776.8 14113.4 11739.2 13335.4 14948.0 15064.0 16277.8 118

119 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 55.0 55.1 119

120 Currency and deposits 1044.2 1131.5 1391.4 1004.4 898.5 891.9 855.6 823.2 120

121 Official foreign currencies 37.8 40.9 45.8 49.6 50.5 52.1 51.9 49.9 121

122 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 12.5 22.8 22.6 122

123 U.S. private deposits 997.8 1085.0 1340.9 946.7 835.9 826.6 780.3 750.1 123

124 Nonofficial foreign currencies 0.6 0.6 0.5 0.5 0.7 0.8 0.7 0.7 124

125 Debt securities 1395.5 1757.8 2000.1 1579.3 1971.7 2129.9 2285.0 2513.7 125

126 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 345.1 373.0 126

127 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1731.3 1939.9 2140.7 127

128 Loans (short term) 626.5 818.3 955.4 1236.1 700.2 916.0 1136.6 1127.1 128

129 Security repurchases 482.1 664.4 770.7 508.4 530.5 731.8 808.0 847.7 129

130 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.1 23.5 32.8 130

131 Depository institution loans n.e.c. 110.4 127.4 137.3 152.4 137.5 162.0 205.2 237.7 131

132 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 132

133 Nonoff. foreign currencies (swap lines) 0.0 0.0 24.0 553.7 10.3 0.1 99.8 8.9 133

134 Equity and investment fund shares 6039.8 7390.8 8958.6 6646.8 8247.7 9361.7 9385.7 10640.3 134

135 Corporate equities 3317.7 4329.0 5248.0 2748.4 3995.3 4900.2 4501.4 5390.5 135

136 U.S. government equity in IBRD, etc. 43.2 45.3 46.9 48.3 50.0 52.3 54.9 57.3 136

137 U.S. direct investment abroad 2651.7 2948.2 3553.1 3748.5 4077.4 4273.6 4663.1 5077.8 137

138 Investment by holding companies 27.1 68.4 110.6 101.5 125.1 135.6 166.3 114.7 138

139 Other accounts payable 466.8 669.4 798.4 1263.3 1459.5 1591.6 1346.2 1118.5 139

140 Trade payables 54.5 60.7 73.1 63.2 69.3 95.1 63.0 69.3 140

141 Other (miscellaneous liabilities) 412.3 608.8 725.3 1200.1 1390.2 1496.5 1283.2 1049.2 141

142 Net worth (external account) 2124.0 2416.5 2085.2 3646.9 2685.6 2728.0 4224.0 4366.5 142

(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 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