58 Z.1, September 16, 2004

L.1 Credit Market Debt Outstanding (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total credit market debt owed by: 23350.8 25473.2 27188.1 29161.8 31320.7 31845.3 32564.1 33225.0 34007.4 34585.7 35181.7 1

 2 Domestic nonfinancial sectors 16198.2 17253.2 18105.9 19229.7 20552.9 20854.6 21392.5 21801.3 22272.2 22692.3 23103.6 2

 3 Federal government 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 3

 4 Nonfederal sectors 12446.0 13572.2 14720.8 15850.2 16915.9 17154.1 17585.6 17886.8 18239.1 18523.4 18894.0 4

 5 Household sector 5956.7 6440.8 7012.9 7640.9 8372.4 8523.4 8789.9 9027.3 9252.3 9424.4 9670.4 5

 6 Nonfinancial corporate business 3780.4 4188.5 4545.7 4774.4 4808.6 4847.0 4918.7 4934.8 4987.1 5036.4 5076.9 6

 7 Nonfarm noncorporate business 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 2305.2 7

 8 Farm business 165.3 170.6 181.5 192.0 199.9 198.3 202.8 205.7 207.6 205.6 212.8 8

 9 State and local governments 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1595.4 1628.7 9

10 Rest of the world 639.4 652.6 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 651.8 10

11 Financial sectors 6513.2 7567.4 8372.7 9272.3 10102.3 10321.3 10518.4 10785.0 11085.3 11226.5 11426.2 11

12 Commercial banking 382.1 449.3 509.3 562.1 611.8 627.5 639.3 638.6 661.0 703.2 710.2 12

13 U.S.-chartered commercial banks 186.2 228.0 264.8 294.9 324.8 324.1 336.2 333.3 338.7 355.2 358.1 13

14 Foreign banking offices in U.S. 2.4 2.0 2.0 1.1 0.7 0.5 0.5 0.5 0.6 0.6 0.6 14

15 Bank holding companies 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 15

16 Savings institutions 212.4 260.4 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 16

17 Credit unions 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 17

18 Life insurance companies 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 18

19 Government-sponsored enterprises 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 19

20 Agency- and GSE-backed mortgage pools 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 20

21 ABS issuers 1365.3 1556.8 1743.8 1997.8 2191.2 2246.6 2307.1 2343.2 2392.3 2415.6 2492.4 21

22 Finance companies 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 958.1 962.2 22

23 Mortgage companies 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 23

24 REITs 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 214.7 228.7 239.9 24

25 Brokers and dealers 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.7 25

26 Funding corporations 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 456.1 441.4 26

27 Total credit market assets held by: 23350.8 25473.2 27188.1 29161.8 31320.7 31845.3 32564.1 33225.0 34007.4 34585.7 35181.7 27

28 Domestic nonfederal nonfinancial sectors 3296.0 3498.8 3380.5 3366.8 3320.2 3254.7 3282.2 3422.8 3553.8 3417.6 3505.3 28

29 Household sector 2264.3 2392.1 2235.2 2104.8 2010.1 1949.5 1944.7 2047.8 2154.4 2009.8 2069.1 29

30 Nonfinancial corporate business 254.5 231.7 256.8 258.5 280.1 274.1 290.6 307.7 311.2 308.8 324.9 30

31 Nonfarm noncorporate business 67.5 64.6 65.9 73.0 76.7 76.6 77.6 77.8 78.1 78.1 77.8 31

32 State and local governments 709.7 810.4 822.6 930.5 953.3 954.5 969.2 989.5 1010.1 1020.9 1033.5 32

33 Federal government 221.4 260.9 272.6 278.6 288.2 283.7 281.7 286.7 285.6 286.8 283.6 33

34 Rest of the world 2231.2 2316.0 2590.8 2916.9 3394.8 3489.7 3683.8 3772.2 3933.1 4163.3 4366.4 34

35 Financial sectors 17602.1 19397.5 20944.2 22599.5 24317.5 24817.2 25316.4 25743.3 26234.9 26718.0 27026.3 35

36 Monetary authority 452.5 478.1 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 36

37 Commercial banking 4336.1 4648.3 5006.3 5210.5 5614.9 5673.6 5831.3 5831.8 5960.8 6135.3 6270.1 37

38 U.S.-chartered commercial banks 3761.4 4080.0 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 5665.5 38

39 Foreign banking offices in U.S. 504.5 487.4 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.9 484.0 39

40 Bank holding companies 26.5 32.7 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 36.1 40

41 Banks in U.S.-affiliated areas 43.8 48.3 55.0 65.0 66.3 66.1 70.0 74.9 76.9 79.9 84.5 41

42 Savings institutions 965.5 1032.6 1088.8 1133.4 1167.0 1214.6 1239.0 1261.5 1293.3 1370.8 1408.9 42

43 Credit unions 324.2 351.7 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.6 542.3 43

44 Bank personal trusts and estates 194.1 222.0 222.8 194.7 195.6 194.9 194.3 193.7 193.2 196.4 197.3 44

45 Life insurance companies 1828.0 1886.0 1943.9 2074.8 2307.8 2377.0 2436.5 2471.6 2488.3 2546.1 2599.8 45

46 Other insurance companies 521.1 518.2 509.4 518.4 558.3 572.3 584.7 601.9 625.2 651.5 669.5 46

47 Private pension funds 621.1 720.4 724.2 708.3 729.5 731.3 737.4 734.4 733.6 740.0 737.6 47

48 State and local govt. retirement funds 663.2 702.8 752.0 715.2 708.0 703.0 717.1 711.7 728.9 737.3 751.9 48

49 Federal government retirement funds 30.2 33.1 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 66.0 49

50 Money market mutual funds 965.9 1147.8 1290.9 1536.9 1511.6 1485.5 1479.6 1438.1 1398.5 1344.7 1271.3 50

51 Mutual funds 1028.4 1076.8 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1552.6 1555.5 51

52 Closed-end funds 101.2 110.8 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.5 161.2 52

53 Exchange-traded funds 0.0 0.0 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 6.6 53

54 Government-sponsored enterprises 1251.5 1538.8 1794.4 2099.1 2323.2 2376.9 2401.3 2550.2 2565.0 2557.5 2608.9 54

55 Agency- and GSE-backed mortgage pools 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 55

56 ABS issuers 1186.7 1360.0 1517.2 1745.1 1915.8 1965.3 2020.6 2051.7 2096.0 2114.6 2186.8 56

57 Finance companies 645.5 742.6 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.2 1009.3 57

58 Mortgage companies 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 58

59 REITs 45.5 42.9 35.8 42.5 65.6 63.5 71.2 75.9 82.4 96.8 104.7 59

60 Brokers and dealers 189.4 154.7 223.6 316.0 344.4 390.9 341.1 375.0 424.1 410.6 332.5 60

61 Funding corporations 201.2 304.3 328.8 244.4 177.7 225.9 221.5 247.2 263.9 311.8 306.7 61

(1) Excludes corporate equities and mutual fund shares.
Z.1, September 16, 2004 59

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Domestic 16198.2 17253.2 18105.9 19229.7 20552.9 20854.6 21392.5 21801.3 22272.2 22692.3 23103.6 1

 2 Federal government 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 2

 3 Treasury securities 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 3

 4 Budget agency secur. and mortgages 28.5 28.3 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 24.2 4

 5 Nonfederal, by instrument 12446.0 13572.2 14720.8 15850.2 16915.9 17154.1 17585.6 17886.8 18239.1 18523.4 18894.0 5

 6 Commercial paper 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 6

 7 Municipal securities and loans 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1937.2 1977.2 7

 8 Corporate bonds 1846.0 2067.7 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.3 8

 9 Bank loans n.e.c. 1150.2 1233.2 1335.0 1253.5 1166.5 1141.8 1128.8 1096.4 1131.1 1116.1 1136.1 9

10 Other loans and advances 826.1 852.4 932.1 941.0 961.3 957.2 966.8 958.0 971.3 969.3 978.2 10

11 Mortgages 5584.9 6181.1 6737.6 7417.9 8245.4 8470.7 8764.2 9031.3 9257.7 9502.1 9782.2 11

12 Home 4301.4 4721.5 5133.8 5651.4 6332.2 6524.3 6767.0 6983.3 7150.2 7351.7 7571.0 12

13 Multifamily residential 310.8 347.2 377.1 419.9 457.6 466.0 480.2 493.4 514.1 519.8 533.5 13

14 Commercial 875.5 1008.8 1116.5 1228.7 1330.1 1352.9 1387.2 1422.9 1459.9 1495.4 1539.1 14

15 Farm 97.2 103.6 110.2 117.9 125.5 127.6 129.7 131.7 133.6 135.3 138.6 15

16 Consumer credit 1442.9 1550.2 1726.5 1865.2 1942.6 1912.7 1940.0 1977.5 2025.5 2005.3 2018.6 16

17 Nonfederal, by sector 12446.0 13572.2 14720.8 15850.2 16915.9 17154.1 17585.6 17886.8 18239.1 18523.4 18894.0 17

18 Household sector 5956.7 6440.8 7012.9 7640.9 8372.4 8523.4 8789.9 9027.3 9252.3 9424.4 9670.4 18

19 Nonfinancial business 5350.9 5954.5 6515.5 6911.2 7101.4 7164.6 7274.8 7329.8 7427.1 7503.6 7594.9 19

20 Corporate 3780.4 4188.5 4545.7 4774.4 4808.6 4847.0 4918.7 4934.8 4987.1 5036.4 5076.9 20

21 Nonfarm noncorporate 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 2305.2 21

22 Farm 165.3 170.6 181.5 192.0 199.9 198.3 202.8 205.7 207.6 205.6 212.8 22

23 State and local governments 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1595.4 1628.7 23

 Foreign credit market debt

24 held in U.S. 639.4 652.6 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 651.8 24

25 Commercial paper 72.9 89.2 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 183.4 25

26 Bonds 450.9 452.8 468.0 443.5 410.0 402.5 377.5 375.3 381.9 377.0 367.1 26

27 Bank loans n.e.c. 58.7 59.2 70.5 63.2 68.6 67.6 59.7 61.0 60.9 59.2 60.9 27

28 Other loans and advances 57.0 51.5 50.2 46.4 44.1 43.7 42.9 42.0 42.0 40.8 40.4 28

29 Domestic and foreign 16837.6 17905.8 18815.5 19889.5 21218.4 21524.1 22045.7 22440.0 22922.0 23359.3 23755.5 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 6513.2 7567.4 8372.7 9272.3 10102.3 10321.3 10518.4 10785.0 11085.3 11226.5 11426.2 1

 2 Open market paper 906.7 1082.9 1214.7 1169.4 1105.9 1076.5 1036.5 1025.7 1042.1 1055.0 1028.2 2

 3 GSE issues 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 3

 4 Agency- and GSE-backed mortgage pool sec. 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 4

 5 Corporate bonds 1846.0 2032.7 2226.0 2488.4 2821.5 2953.6 3064.1 3133.8 3264.2 3347.2 3462.2 5

 6 Bank loans n.e.c. 105.8 91.5 91.1 104.2 105.3 92.9 98.7 102.8 100.3 104.1 98.7 6

 7 Other loans and advances 288.7 395.8 438.3 463.7 470.5 476.3 486.0 490.3 501.7 516.6 558.1 7

 8 Mortgages 71.6 76.7 82.9 84.2 90.1 89.2 90.1 92.0 93.9 98.5 101.8 8

 9 By sector 6513.2 7567.4 8372.7 9272.3 10102.3 10321.3 10518.4 10785.0 11085.3 11226.5 11426.2 9

10 Commercial banks 188.6 230.0 266.7 296.0 325.5 324.7 336.7 333.8 339.3 355.8 358.7 10

11 Bank holding companies 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 11

12 Savings institutions 212.4 260.4 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 12

13 Credit unions 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 13

14 Life insurance companies 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 14

15 Government-sponsored enterprises 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 15

16 Agency- and GSE-backed mortgage pools 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 16

17 ABS issuers 1365.3 1556.8 1743.8 1997.8 2191.2 2246.6 2307.1 2343.2 2392.3 2415.6 2492.4 17

18 Brokers and dealers 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.7 18

19 Finance companies 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 958.1 962.2 19

20 Mortgage companies 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 20

21 REITs 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 214.7 228.7 239.9 21

22 Funding corporations 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 456.1 441.4 22
60 Z.1, September 16, 2004

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

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total 23350.8 25473.2 27188.1 29161.8 31320.7 31845.3 32564.1 33225.0 34007.4 34585.7 35181.7 1

 2 Open market paper 1172.6 1402.4 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1314.2 2

 3 Treasury securities 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 3

 4 Agency- and GSE-backed securities 3322.9 3916.0 4347.0 4989.1 5536.3 5659.6 5770.1 5967.5 6108.0 6130.2 6201.3 4

 5 Municipal securities 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1937.2 1977.2 5

 6 Corporate and foreign bonds 4142.9 4553.3 4924.3 5510.7 5942.6 6109.5 6269.2 6360.7 6515.4 6622.1 6728.6 6

 7 Bank loans n.e.c. 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 7

 8 Other loans and advances 1171.7 1299.7 1420.5 1451.1 1475.9 1477.2 1495.7 1490.3 1515.0 1526.7 1576.6 8

 9 Mortgages 5656.5 6257.8 6820.6 7502.1 8335.5 8559.9 8854.2 9123.3 9351.7 9600.6 9884.0 9

10 Consumer credit 1442.9 1550.2 1726.5 1865.2 1942.6 1912.7 1940.0 1977.5 2025.5 2005.3 2018.6 10

 Memo:

 Selected claims not included above:

11 Corporate equities 15547.3 19522.8 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 11

12 Mutual fund shares 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4901.2 4969.7 12

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

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

 Total credit market debt

 1 (from table L.4) 23350.8 25473.2 27188.1 29161.8 31320.7 31845.3 32564.1 33225.0 34007.4 34585.7 35181.7 1

 2 Official foreign exchange 60.1 50.1 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 58.9 2

 3 SDR certificates 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 3

 4 Treasury currency 19.9 20.9 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 26.5 4

 5 Foreign deposits 627.6 676.5 803.4 810.1 831.1 839.8 875.6 799.1 831.1 864.2 852.4 5

 6 Net interbank liabilities 189.4 202.4 221.2 191.4 205.9 175.5 123.8 163.7 202.9 116.0 129.8 6

 7 Checkable deposits and currency 1333.3 1484.5 1413.1 1603.2 1646.7 1645.3 1712.2 1707.2 1780.6 1791.8 1847.9 7

 8 Small time and savings deposits 2626.5 2671.6 2860.4 3127.6 3398.5 3502.2 3575.0 3600.9 3627.9 3721.5 3793.8 8

 9 Large time deposits 805.3 936.4 1052.6 1121.1 1171.3 1208.8 1222.2 1221.8 1233.2 1332.2 1379.4 9

10 Money market fund shares 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.1 2058.0 2016.0 1971.9 1912.3 10

11 Security RPs 913.8 1083.6 1196.8 1231.8 1336.8 1358.1 1440.8 1446.6 1559.4 1630.5 1585.1 11

12 Mutual fund shares 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4901.2 4969.7 12

13 Security credit 572.2 676.6 822.7 825.9 738.8 796.6 971.9 940.2 871.3 953.3 978.7 13

14 Life insurance reserves 718.3 783.9 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1054.2 14

15 Pension fund reserves 8123.2 9111.4 8901.3 8444.1 7754.1 7664.6 8239.9 8424.2 8960.6 9137.5 9266.7 15

16 Trade payables 2082.9 2345.4 2747.7 2664.3 2730.9 2728.9 2778.5 2829.2 2891.8 2943.9 3013.5 16

17 Taxes payable 156.0 178.9 204.8 219.2 248.1 260.0 264.8 271.5 260.5 273.1 281.1 17

18 Investment in bank personal trusts 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 961.9 18

19 Miscellaneous 8332.1 9325.1 10529.7 11342.4 12024.3 12283.6 12219.9 12446.8 12592.1 12881.0 12982.3 19

20 Total liabilities 55864.4 62274.4 66175.5 69033.3 71114.8 71894.1 74104.2 75324.2 77524.1 79183.0 80278.2 20

 + Financial assets not included in

 liabilities:

21 Gold and SDRs 21.6 21.4 21.6 21.8 23.2 22.4 22.8 23.1 23.7 23.7 23.7 21

22 Corporate equities 15547.3 19522.8 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 22

23 Household equity in noncorp. bus. 4368.7 4600.4 4993.7 5054.1 5267.8 5332.0 5381.6 5503.3 5660.8 5761.2 5859.1 23

 - Liabilities not identified as assets:

24 Treasury currency -6.4 -7.1 -8.5 -8.6 -9.1 -9.2 -9.1 -9.3 -9.5 -9.6 -9.5 24

25 Foreign deposits 528.1 558.6 624.7 611.9 622.9 633.1 682.6 610.9 650.4 661.5 625.5 25

26 Net interbank transactions -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 24.4 26

27 Security RPs 235.0 274.4 392.8 343.5 363.5 249.0 320.3 306.4 340.5 328.4 294.0 27

28 Taxes payable 117.5 112.8 120.0 93.4 127.3 107.8 113.3 98.5 84.2 71.3 92.7 28

29 Miscellaneous -2109.2 -2506.1 -3617.5 -3659.8 -3586.3 -3506.7 -3593.8 -3427.7 -3529.7 -3677.7 -3552.9 29

 - Floats not included in assets:

30 Checkable deposits: Federal govt. -3.9 -9.8 -2.3 -12.3 -11.7 -7.7 -7.9 -15.9 -17.9 1.1 0.1 30

31 Other 23.1 22.3 22.0 21.6 20.9 16.7 20.1 12.7 20.8 17.4 21.5 31

32 Trade credit 12.2 0.4 3.7 6.6 100.6 55.2 12.5 9.3 67.7 23.7 -6.7 32

33 Totals identified to sectors as assets 77032.1 88001.9 91287.0 92012.6 90633.5 91116.8 95242.4 97002.5 101086.9 103370.0 104654.6 33
Z.1, September 16, 2004 61

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

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 27172.6 31528.4 30309.9 28800.2 26400.8 26254.3 28047.0 28650.9 30374.9 30874.5 31182.1 1

 2 Foreign deposits 38.3 43.5 63.5 58.5 74.2 80.7 74.8 70.3 65.2 84.9 90.1 2

 3 Checkable deposits and currency 619.5 601.2 525.7 629.9 666.5 666.3 659.2 616.0 635.0 670.5 670.6 3

 4 Time and savings deposits 2779.0 2916.6 3228.5 3443.5 3729.2 3874.2 3935.9 4006.0 4055.9 4231.8 4279.5 4

 5 Money market fund shares 745.5 865.7 1020.1 1188.2 1150.1 1137.8 1089.0 1042.3 1042.1 1019.0 948.7 5

 6 Securities 11724.1 14481.1 12828.3 11242.8 9220.5 8971.3 9979.9 10358.9 11387.7 11375.3 11482.4 6

 7 Open market paper 63.7 67.7 82.6 85.7 98.9 105.0 97.5 99.0 94.9 100.3 104.6 7

 8 U.S. savings bonds 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 8

 9 Other Treasury securities 598.8 683.7 477.0 363.4 223.6 263.3 334.1 305.6 299.4 259.2 279.4 9

10 Agency- and GSE-backed securities 288.9 362.4 405.8 328.9 219.1 200.5 156.5 345.9 485.5 397.5 440.5 10

11 Municipal securities 418.8 438.3 440.5 492.8 589.0 590.3 617.1 606.6 622.6 630.4 654.9 11

12 Corporate and foreign bonds 650.0 587.0 569.8 564.7 597.6 503.6 449.0 395.4 352.4 319.9 284.3 12

13 Corporate equities (2) 7120.0 9168.1 7762.6 6466.3 4853.7 4680.3 5364.4 5499.3 6146.7 6072.0 6065.5 13

14 Mutual fund shares 2397.1 2987.4 2905.3 2750.8 2443.8 2431.4 2762.2 2905.5 3182.4 3391.6 3448.7 14

15 Private life insurance reserves 684.7 748.9 782.7 842.2 881.6 896.9 919.9 933.1 972.7 993.8 1013.3 15

16 Private insured pension reserves 1248.1 1428.1 1453.1 1462.1 1488.0 1506.3 1606.5 1646.6 1713.7 1760.7 1800.9 16

17 Private noninsured pension reserves 4158.9 4628.9 4483.5 4104.6 3582.3 3528.2 3848.0 3939.6 4249.0 4352.2 4405.7 17

18 Govt. insurance and pension reserves 2749.7 3089.4 3001.0 2915.2 2723.2 2669.5 2825.2 2877.9 3038.4 3065.0 3101.1 18

19 Investment in bank personal trusts 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 961.9 19

20 Miscellaneous and other assets 1423.9 1594.6 1827.5 1952.5 2044.5 2103.6 2231.6 2275.2 2282.9 2366.2 2427.9 20

21 Total liabilities 8459.2 9337.9 10270.2 11075.3 11973.0 12187.9 12607.3 12889.5 13138.1 13380.3 13720.0 21

22 Mortgage debt on nonfarm homes 4292.0 4710.0 5120.3 5635.8 6316.0 6507.7 6750.0 6965.8 7132.2 7332.8 7551.3 22

23 Other mortgage debt (3) 1030.0 1131.9 1246.9 1351.7 1455.6 1478.4 1505.4 1537.7 1551.0 1577.3 1610.7 23

24 Consumer credit 1442.9 1550.2 1726.5 1865.2 1942.6 1912.7 1940.0 1977.5 2025.5 2005.3 2018.6 24

25 Policy loans 104.7 100.0 102.8 105.0 106.1 105.6 105.9 105.4 105.5 105.4 105.7 25

26 Security credit 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 215.6 26

27 Other liabilities (3) 1436.7 1617.9 1838.6 1921.2 2004.5 2023.9 2057.5 2075.5 2141.4 2158.2 2218.2 27

(1) Combined statement for household sector, nonfarm noncorporate business, and farm business.

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14), life insurance and pension reserves (lines 15, 16, 17, and 18), and bank personal trusts (line 19).

(3) Includes corporate farms.
62 Z.1, September 16, 2004

L.100 Households and Nonprofit Organizations (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 30474.5 34894.0 33853.6 32326.3 30027.8 29917.7 31725.2 32414.3 34265.6 34836.0 35204.8 1

 2 Deposits 3853.6 4031.9 4357.4 4821.8 5103.8 5243.1 5239.9 5215.2 5277.8 5490.1 5473.2 2

 3 Foreign deposits 38.3 43.5 63.5 58.5 74.2 80.7 74.8 70.3 65.2 84.9 90.1 3

 4 Checkable deposits and currency 421.9 364.3 232.3 335.3 358.7 356.3 345.7 299.3 316.3 351.3 351.8 4

 5 Time and savings deposits 2680.5 2799.1 3090.9 3298.8 3582.3 3728.3 3789.0 3858.9 3907.3 4084.1 4131.7 5

 6 Money market fund shares 712.9 825.0 970.7 1129.2 1088.7 1077.8 1030.3 986.7 989.0 969.8 899.7 6

 7 Credit market instruments 2264.3 2392.1 2235.2 2104.8 2010.1 1949.5 1944.7 2047.8 2154.4 2009.8 2069.1 7

 8 Open market paper 63.7 67.7 82.6 85.7 98.9 105.0 97.5 99.0 94.9 100.3 104.6 8

 9 Treasury securities 747.5 833.0 621.6 510.9 373.3 415.1 486.9 460.3 455.6 415.4 435.3 9

10 Savings bonds 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 10

11 Other Treasury 560.9 646.5 436.9 320.5 178.4 218.2 287.7 258.7 251.8 211.0 230.7 11

12 Agency- and GSE-backed securities 288.9 362.4 405.8 328.9 219.1 200.5 156.5 345.9 485.5 397.5 440.5 12

13 Municipal securities 416.0 435.6 438.0 489.3 585.2 586.6 613.3 602.7 618.6 626.4 650.9 13

14 Corporate and foreign bonds 650.0 587.0 569.8 564.7 597.6 503.6 449.0 395.4 352.4 319.9 284.3 14

15 Mortgages 98.2 106.5 117.4 125.4 136.0 138.8 141.6 144.5 147.4 150.3 153.5 15

16 Corporate equities (2) 7120.0 9168.1 7762.6 6466.3 4853.7 4680.3 5364.4 5499.3 6146.7 6072.0 6065.5 16

17 Mutual fund shares 2397.1 2987.4 2905.3 2750.8 2443.8 2431.4 2762.2 2905.5 3182.4 3391.6 3448.7 17

18 Security credit 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 526.3 18

19 Life insurance reserves 718.3 783.9 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1054.2 19

20 Pension fund reserves 8123.2 9111.4 8901.3 8444.1 7754.1 7664.6 8239.9 8424.2 8960.6 9137.5 9266.7 20

21 Investment in bank personal trusts 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 961.9 21

22 Equity in noncorporate business 4368.7 4600.4 4993.7 5054.1 5267.8 5332.0 5381.6 5503.3 5660.8 5761.2 5859.1 22

23 Miscellaneous assets 351.5 364.3 370.9 389.4 420.0 431.3 440.6 457.5 462.0 471.5 480.2 23

24 Total liabilities 6253.5 6819.1 7402.3 7989.2 8680.4 8845.3 9203.0 9421.6 9603.4 9796.4 10059.8 24

25 Credit market instruments 5956.7 6440.8 7012.9 7640.9 8372.4 8523.4 8789.9 9027.3 9252.3 9424.4 9670.4 25

26 Home mortgages (3) 4086.1 4457.9 4828.7 5301.4 5932.1 6109.6 6334.9 6536.3 6688.2 6873.6 7078.3 26

27 Consumer credit 1442.9 1550.2 1726.5 1865.2 1942.6 1912.7 1940.0 1977.5 2025.5 2005.3 2018.6 27

28 Municipal securities 126.9 137.3 143.0 156.9 169.8 173.6 177.3 180.6 183.9 186.7 192.3 28

29 Bank loans n.e.c. 74.2 67.3 74.1 57.6 54.6 50.9 61.1 51.9 94.4 92.8 111.4 29

30 Other loans and advances 122.9 117.8 119.8 120.4 120.7 120.0 120.1 119.4 119.3 119.1 119.0 30

31 Commercial mortgages 103.7 110.3 120.7 139.4 152.7 156.6 156.5 161.6 141.0 146.9 150.8 31

32 Security credit 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 215.6 32

33 Trade payables 126.8 130.9 134.7 132.9 139.8 141.7 143.6 145.7 147.7 149.9 152.1 33

 Deferred and unpaid

34 life insurance premiums 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 34

(1) Sector includes farm households. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations.

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 17), life insurance and pension reserves (lines 19 and 20), and bank personal trusts (line 21).

(3) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 24.
Z.1, September 16, 2004 63

L.101 Nonfinancial Business (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 7872.8 9335.4 11260.2 11544.9 11754.2 11848.5 12109.0 12266.3 12504.4 12681.6 12870.8 1

 2 Foreign deposits 30.5 31.5 24.0 15.5 20.0 25.0 29.5 35.5 41.4 44.6 48.0 2

 3 Checkable deposits and currency 472.5 567.8 674.9 626.5 620.8 607.2 647.1 704.0 734.1 720.5 723.3 3

 4 Time and savings deposits 211.0 254.4 274.9 275.8 274.4 281.6 296.4 307.9 320.6 325.0 334.3 4

 5 Money market fund shares 159.0 195.6 240.8 360.9 390.1 384.1 372.3 348.1 344.1 340.2 343.3 5

 6 Security RPs 4.2 5.8 4.2 4.0 6.2 5.8 6.2 7.3 5.8 6.9 7.1 6

 7 Credit market instruments 321.9 296.3 322.6 331.5 356.8 350.7 368.2 385.5 389.3 386.9 402.7 7

 8 Commercial paper 39.4 47.6 57.8 60.2 64.7 62.7 71.5 80.7 83.5 80.6 83.6 8

 9 Treasury securities 61.6 56.6 58.3 59.3 76.5 80.6 85.6 87.7 89.0 93.3 98.7 9

10 Agency- and GSE-backed securities 10.6 12.4 15.4 17.2 16.9 18.4 21.1 23.3 25.1 28.0 31.5 10

11 Municipal securities 28.6 27.7 34.4 32.8 35.8 36.6 37.8 42.0 44.1 45.9 49.6 11

12 Mortgages 93.9 65.9 66.8 73.3 76.4 76.9 77.2 77.3 77.3 77.1 76.8 12

13 Consumer credit 87.8 86.0 90.0 88.8 86.4 75.5 75.1 74.6 70.3 62.1 62.4 13

14 Mutual fund shares 98.0 127.0 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 122.5 14

15 Trade receivables 1673.1 1920.3 2272.9 2146.1 2088.6 2122.5 2203.2 2248.5 2243.0 2327.4 2423.8 15

16 Miscellaneous assets 4902.4 5936.8 7321.8 7673.5 7900.3 7979.1 8080.0 8121.0 8305.1 8407.6 8465.8 16

17 Total liabilities 9663.3 10926.1 12479.3 12895.5 13241.6 13332.2 13489.1 13602.2 13709.9 13841.3 13953.0 17

18 Credit market instruments 5350.9 5954.5 6515.5 6911.2 7101.4 7164.6 7274.8 7329.8 7427.1 7503.6 7594.9 18

19 Commercial paper 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 19

20 Municipal securities 147.8 152.8 154.2 157.7 160.8 160.9 162.0 162.8 164.2 164.7 166.0 20

21 Corporate bonds 1846.0 2067.7 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.3 21

22 Bank loans n.e.c. 1076.0 1165.8 1260.8 1195.9 1111.9 1091.0 1067.8 1044.5 1036.7 1023.3 1024.7 22

23 Other loans and advances 693.1 724.9 803.6 811.6 831.2 827.7 837.1 829.0 842.4 840.5 849.4 23

24 Mortgages 1395.0 1612.9 1788.2 1977.0 2160.6 2204.6 2272.8 2333.4 2428.6 2481.6 2553.0 24

25 Trade payables 1247.9 1461.5 1822.2 1711.0 1756.9 1742.9 1777.5 1824.2 1882.9 1914.8 1975.3 25

26 Taxes payable 108.1 124.0 142.6 149.7 169.8 178.9 180.7 184.3 171.0 179.9 185.1 26

27 Miscellaneous liabilities 2956.4 3386.1 3998.9 4123.6 4213.6 4245.8 4256.2 4263.9 4228.8 4243.1 4197.7 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
64 Z.1, September 16, 2004

L.102 Nonfarm Nonfinancial Corporate Business

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 6816.1 8093.8 9772.5 9898.9 9962.3 10020.8 10238.8 10351.4 10549.2 10686.9 10828.3 1

 2 Foreign deposits 30.5 31.5 24.0 15.5 20.0 25.0 29.5 35.5 41.4 44.6 48.0 2

 3 Checkable deposits and currency 275.0 331.0 381.4 331.9 313.0 297.2 333.6 387.3 415.3 401.3 404.4 3

 4 Time and savings deposits 112.6 136.9 137.3 131.1 127.5 135.7 149.6 160.8 172.0 177.3 186.5 4

 5 Money market fund shares 126.4 154.9 191.4 301.9 328.8 324.1 313.6 292.6 291.0 291.0 294.3 5

 6 Security RPs 4.2 5.8 4.2 4.0 6.2 5.8 6.2 7.3 5.8 6.9 7.1 6

 7 Commercial paper 39.4 47.6 57.8 60.2 64.7 62.7 71.5 80.7 83.5 80.6 83.6 7

 8 Treasury securities 23.6 19.4 18.1 16.5 31.4 35.5 39.3 40.8 41.5 45.1 50.1 8

 9 Agency- and GSE-backed securities 10.6 12.4 15.4 17.2 16.9 18.4 21.1 23.3 25.1 28.0 31.5 9

10 Municipal securities 25.7 25.0 31.9 29.3 32.1 32.9 34.0 38.2 40.2 41.9 45.6 10

11 Mortgages 67.3 41.2 43.5 46.6 48.7 49.2 49.7 50.2 50.7 51.2 51.7 11

12 Consumer credit 87.8 86.0 90.0 88.8 86.4 75.5 75.1 74.6 70.3 62.1 62.4 12

13 Trade receivables 1440.0 1647.7 1930.7 1802.2 1721.9 1746.6 1815.1 1844.0 1825.9 1895.4 1976.0 13

14 Mutual fund shares 98.0 127.0 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 122.5 14

15 Miscellaneous assets 4475.0 5427.5 6722.6 6942.7 7067.8 7119.8 7194.5 7207.8 7365.5 7439.2 7464.6 15

16 U.S. direct investment abroad (1) 1041.0 1227.7 1322.2 1456.2 1575.9 1609.6 1641.3 1682.2 1704.0 1747.5 1802.2 16

17 Insurance receivables 189.8 190.8 190.4 200.8 218.2 224.2 228.6 235.8 236.6 240.8 245.9 17

18 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Investment in finance company subs. 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.4 53.9 19

20 Other 3227.0 3965.1 5158.7 5236.2 5229.7 5242.3 5276.5 5241.9 5375.1 5398.5 5362.6 20

21 Total liabilities 7457.6 8407.3 9611.4 9809.5 9949.1 9989.6 10084.8 10134.2 10175.2 10257.4 10292.8 21

22 Credit market instruments 3780.4 4188.5 4545.7 4774.4 4808.6 4847.0 4918.7 4934.8 4987.1 5036.4 5076.9 22

23 Commercial paper 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 23

24 Municipal securities (2) 147.8 152.8 154.2 157.7 160.8 160.9 162.0 162.8 164.2 164.7 166.0 24

25 Corporate bonds (1) 1846.0 2067.7 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.3 25

26 Bank loans n.e.c. 768.8 813.0 861.0 758.3 661.9 649.3 632.1 614.9 612.4 606.9 602.3 26

27 Other loans and advances 562.0 585.4 651.3 659.1 675.1 671.7 680.7 669.3 680.7 679.5 686.6 27

28 Savings institutions 12.1 15.3 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 27.8 28

29 Finance companies 306.8 355.6 412.6 402.3 409.7 408.5 410.2 401.0 411.7 428.1 424.2 29

30 Federal government 8.3 8.0 7.6 7.4 7.0 7.3 7.5 7.6 7.8 8.0 8.1 30

31 Acceptance liabilities to banks 6.6 4.4 4.3 4.1 4.4 4.7 4.4 4.2 4.2 3.7 4.2 31

32 Rest of the world 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 120.6 32

33 ABS issuers 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 101.9 33

34 Mortgages 262.8 339.2 370.4 430.3 473.8 484.6 508.8 527.8 574.6 592.0 620.3 34

35 Trade payables 1049.7 1228.2 1541.4 1437.7 1461.7 1436.6 1459.6 1491.6 1539.1 1558.7 1603.1 35

36 Taxes payable 64.1 71.0 78.0 81.0 93.0 97.2 96.6 99.1 84.5 92.0 96.2 36

37 Miscellaneous liabilities 2563.5 2919.6 3446.3 3516.3 3585.9 3608.9 3609.8 3608.7 3564.6 3570.3 3516.6 37

38 Foreign direct investment in U.S. 812.0 971.2 1171.4 1145.8 1086.7 1099.4 1082.7 1079.9 1091.0 1104.5 1086.2 38

39 Pension fund contributions payable 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 113.0 113.3 39

40 Other 1636.6 1841.1 2166.3 2260.7 2388.0 2398.1 2415.3 2416.7 2361.2 2352.8 2317.0 40

 Memo:

41 Trade receivables net of payables 390.3 419.5 389.3 364.5 260.2 310.1 355.5 352.3 286.8 336.7 372.8 41

42 Market value of equities 11577.8 15155.6 12678.8 10796.2 7907.1 7647.5 8824.6 9050.7 10154.9 10241.4 10443.8 42

43 Securities and mortgages 2256.6 2559.8 2754.9 3166.8 3345.6 3398.9 3498.4 3542.2 3608.1 3654.6 3685.5 43

44 Loans and short-term paper 1523.8 1628.7 1790.7 1607.6 1463.0 1448.0 1420.3 1392.6 1379.0 1381.9 1391.4 44

45 Total short-term liabilities (3) 2637.5 2927.9 3410.2 3126.3 3017.6 2981.8 2976.6 2983.3 3002.5 3032.5 3090.7 45

46 Total liquid assets (4) 746.1 891.4 985.6 1018.6 1037.6 1029.8 1104.5 1174.8 1236.8 1239.2 1273.6 46

 Analytical measures (percent)

47 Long-term debt/credit market debt 59.7 61.1 60.6 66.3 69.6 70.1 71.1 71.8 72.3 72.6 72.6 47

48 Short-term debt/credit market debt 40.3 38.9 39.4 33.7 30.4 29.9 28.9 28.2 27.7 27.4 27.4 48

49 Liquid assets/short-term liabilities 28.3 30.4 28.9 32.6 34.4 34.5 37.1 39.4 41.2 40.9 41.2 49

(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 (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(4) Sum of lines 2 through 10, plus line 14.
Z.1, September 16, 2004 65

L.103 Nonfarm Noncorporate Business

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 992.7 1176.8 1422.8 1578.7 1720.0 1754.4 1795.8 1838.7 1878.6 1917.2 1963.7 1

 2 Checkable deposits and currency 178.9 217.6 274.1 274.5 287.3 289.6 293.0 296.2 298.2 298.6 298.3 2

 3 Time and savings deposits 98.5 117.5 137.6 144.7 146.9 145.8 146.8 147.0 148.6 147.7 147.8 3

 4 Money market fund shares 32.6 40.7 49.4 59.0 61.3 60.0 58.7 55.6 53.1 49.2 49.0 4

 5 Treasury securities 38.0 37.2 40.2 42.8 45.2 45.1 46.3 46.8 47.5 48.1 48.6 5

 6 Municipal securities 2.8 2.7 2.4 3.5 3.7 3.8 3.8 3.9 3.9 4.0 4.0 6

 7 Mortgages 26.7 24.7 23.3 26.6 27.8 27.7 27.5 27.1 26.6 26.0 25.2 7

 8 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Trade receivables 233.1 272.6 342.1 343.9 366.7 375.9 388.1 404.5 417.1 432.0 447.9 9

10 Miscellaneous assets 382.1 463.8 553.7 683.6 781.1 806.6 831.6 857.6 883.6 911.6 942.9 10

11 Insurance receivables 45.6 45.9 45.8 48.3 52.5 53.9 55.0 56.7 56.9 57.9 59.2 11

12 Equity investment in GSEs (1) 1.6 1.6 1.6 1.8 1.8 1.9 1.8 1.8 2.1 2.2 2.1 12

13 Other 334.9 416.3 506.2 633.5 726.9 750.8 774.8 799.1 824.6 851.4 881.7 13

14 Total liabilities 2020.9 2328.3 2665.5 2875.7 3073.5 3124.3 3180.8 3241.4 3306.0 3358.2 3425.5 14

15 Credit market instruments 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 2305.2 15

16 Bank loans n.e.c. 262.1 308.6 352.9 390.7 404.1 398.3 390.7 384.2 378.8 373.5 376.4 16

17 Other loans and advances 108.1 116.7 127.8 125.3 127.6 128.6 128.2 131.2 133.3 133.7 134.6 17

18 Mortgages 1035.1 1170.1 1307.6 1428.8 1561.3 1592.4 1634.3 1673.9 1720.4 1754.4 1794.2 18

19 Trade payables 178.6 213.3 259.9 255.0 276.0 286.4 297.1 311.6 322.7 335.9 350.2 19

20 Taxes payable 44.1 53.0 64.6 68.7 76.8 81.7 84.1 85.3 86.5 87.9 88.9 20

21 Miscellaneous liabilities 392.9 466.5 552.6 607.3 627.7 636.9 646.4 655.2 664.3 672.8 681.1 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

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

 1 Total financial assets 64.0 64.8 64.9 67.3 71.8 73.2 74.4 76.2 76.6 77.5 78.9 1

 2 Checkable deposits and currency 18.6 19.2 19.4 20.1 20.5 20.5 20.5 20.5 20.6 20.6 20.6 2

 3 Miscellaneous assets 45.4 45.6 45.5 47.3 51.4 52.7 53.9 55.6 56.0 56.9 58.2 3

 4 Insurance receivables 43.7 43.9 43.9 45.3 49.3 50.7 51.7 53.3 53.5 54.5 55.7 4

 5 Equity investment in GSEs (2) 1.7 1.6 1.6 2.0 2.1 2.1 2.2 2.3 2.5 2.4 2.6 5

 6 Total liabilities 184.9 190.6 202.4 210.3 219.1 218.3 223.5 226.6 228.7 225.7 234.7 6

 7 Credit market instruments 165.3 170.6 181.5 192.0 199.9 198.3 202.8 205.7 207.6 205.6 212.8 7

 8 Bank loans n.e.c. 45.1 44.2 46.9 46.9 46.0 43.4 45.0 45.4 45.5 42.9 46.0 8

 9 Other loans and advances 23.0 22.8 24.4 27.3 28.4 27.4 28.2 28.5 28.5 27.4 28.2 9

10 Mortgages 97.2 103.6 110.2 117.9 125.5 127.6 129.7 131.7 133.6 135.3 138.6 10

11 Trade payables 19.6 20.0 20.9 18.3 19.2 20.0 20.7 20.9 21.1 20.1 22.0 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.
66 Z.1, September 16, 2004

L.105 State and Local Governments (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1463.1 1587.5 1683.2 1756.5 1794.7 1800.7 1833.8 1864.1 1905.0 1926.7 1938.6 1

 2 Checkable deposits and currency 28.3 32.2 33.2 38.2 46.7 44.9 48.9 48.9 55.2 53.2 47.4 2

 3 Time and savings deposits 92.3 105.7 118.7 129.9 137.6 138.5 142.0 143.8 147.2 149.0 161.8 3

 4 Money market fund shares 22.5 27.6 34.1 53.7 56.0 54.3 51.5 46.9 46.6 45.7 43.5 4

 5 Security RPs 154.2 151.6 159.8 137.6 132.7 133.4 136.3 137.9 140.7 144.7 140.2 5

 6 Credit market instruments 709.7 810.4 822.6 930.5 953.3 954.5 969.2 989.5 1010.1 1020.9 1033.5 6

 7 Open market paper 86.0 103.3 121.2 107.6 113.3 114.3 118.1 120.1 123.8 125.8 127.8 7

 8 Treasury securities 279.7 303.2 297.2 339.4 351.5 348.3 345.0 355.6 358.8 362.9 368.3 8

 9 Agency- and GSE-backed securities 152.7 196.5 198.1 253.5 256.5 258.6 266.9 271.3 279.3 281.1 283.4 9

10 Municipal securities 3.2 3.5 3.8 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 10

11 Corporate and foreign bonds 61.9 73.3 70.0 95.6 103.8 104.5 107.1 108.5 111.1 112.4 113.8 11

12 Mortgages 126.2 130.6 132.4 130.4 124.0 124.8 127.9 129.6 132.6 134.2 135.9 12

13 Corporate equities 97.6 117.1 97.1 100.7 80.3 75.6 85.8 87.7 96.3 97.5 97.0 13

14 Mutual fund shares 19.1 21.4 21.2 24.3 24.2 26.4 25.6 24.2 21.2 16.8 11.3 14

15 Trade receivables 95.4 103.9 111.4 116.5 118.1 118.8 121.8 123.4 126.3 127.8 129.4 15

16 Taxes receivable 17.1 27.6 42.4 46.1 56.5 62.2 66.5 69.9 73.5 77.9 84.5 16

17 Miscellaneous assets 226.9 190.1 242.7 179.0 189.5 192.0 186.2 191.9 187.9 193.1 190.1 17

18 Total liabilities 1717.8 1785.4 1828.3 1959.2 2127.6 2157.7 2218.6 2233.4 2269.4 2311.0 2350.3 18

19 Credit market instruments 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1595.4 1628.7 19

20 Municipal securities 1128.2 1167.1 1183.6 1289.2 1432.6 1456.6 1511.4 1520.1 1550.1 1585.7 1619.0 20

21 Short-term 41.2 43.7 45.1 69.0 94.2 92.8 92.4 95.2 101.3 103.2 85.2 21

22 Other 1087.1 1123.4 1138.5 1220.2 1338.4 1363.8 1418.9 1425.0 1448.8 1482.5 1533.8 22

23 U.S. government loans 10.1 9.7 8.7 8.9 9.4 9.5 9.6 9.6 9.7 9.7 9.7 23

24 Trade payables 579.5 608.6 635.9 661.1 685.6 691.6 697.6 703.6 709.6 715.6 721.6 24

(1) Data for employee retirement funds are shown in table L.120.

L.106 Federal Government

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

 1 Total financial assets 445.4 560.5 513.8 614.9 611.4 599.5 622.3 642.4 637.8 629.1 626.8 1

 2 Gold, SDRs, and official foreign exchange 51.0 44.4 41.0 43.1 51.1 51.7 52.9 54.8 55.1 54.3 52.3 2

 3 Checkable deposits and currency 23.2 87.9 24.3 66.9 47.5 23.3 41.8 53.3 54.1 22.7 46.8 3

 4 Time and savings deposits 4.7 5.4 6.3 10.5 27.6 18.4 27.8 9.1 2.4 1.9 2.1 4

 5 Credit market instruments 221.4 260.9 272.6 278.6 288.2 283.7 281.7 286.7 285.6 286.8 283.6 5

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

 7 Other loans and advances 139.2 132.3 128.6 122.7 119.1 119.1 118.5 117.7 117.7 117.1 116.8 7

 8 Mortgages 44.9 77.7 76.9 75.8 76.3 73.9 74.0 73.6 73.8 75.8 74.2 8

 9 Consumer credit (1) 37.4 50.9 67.0 80.1 92.8 90.6 89.1 95.3 94.1 93.9 92.6 9

10 Trade receivables 22.3 22.9 28.1 35.5 32.2 30.7 31.6 33.6 35.9 37.8 36.0 10

11 Taxes receivable 21.4 38.5 42.4 79.8 64.3 90.0 85.0 103.1 102.8 123.9 103.9 11

12 Miscellaneous assets 101.4 100.5 99.1 100.4 100.5 101.6 101.5 101.9 101.9 101.9 102.0 12

13 Total liabilities 4529.4 4498.1 4227.2 4288.2 4575.9 4623.6 4744.3 4864.6 5010.8 5139.5 5194.6 13

14 SDR certificates 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 14

15 Treasury currency 19.9 20.9 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 26.5 15

16 Credit market instruments 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 16

17 Savings bonds 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 17

18 Other Treasury securities 3537.0 3466.2 3173.0 3162.4 3414.9 3476.8 3580.8 3686.0 3804.4 3939.4 3980.8 18

19 Budget agency securities 28.5 28.3 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 24.2 19

20 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Trade payables 65.0 64.5 69.0 72.3 73.6 77.9 78.7 79.6 77.8 81.9 85.5 21

22 Insurance reserves 33.6 35.0 36.4 37.8 39.4 39.4 39.8 39.9 40.5 40.5 40.9 22

23 Miscellaneous liabilities (2) 649.6 690.6 711.3 772.0 798.2 777.9 790.7 802.3 831.3 819.8 829.8 23

24 Nonmarketable securities held by pension plans 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 24

25 Other 6.7 6.6 6.4 6.2 7.9 10.1 12.0 14.2 16.3 18.6 20.6 25

(1) Student loans.

(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.
Z.1, September 16, 2004 67

L.107 Rest of the World

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 5162.4 5775.7 6584.9 6965.8 7441.1 7656.8 7809.1 7834.3 8228.7 8644.4 8803.3 1

 2 Net interbank assets 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 31.9 2

 3 U.S. checkable deposits and currency 257.1 279.4 286.9 305.7 326.6 333.4 349.9 343.2 351.3 352.6 373.0 3

 4 U.S. time deposits 129.0 125.9 108.7 120.6 152.3 154.6 155.9 122.3 131.2 128.7 165.4 4

 5 Security RPs 72.0 79.9 91.3 150.7 190.1 360.5 364.6 420.3 462.9 530.7 552.0 5

 6 Credit market instruments 2231.2 2316.0 2590.8 2916.9 3394.8 3489.7 3683.8 3772.2 3933.1 4163.3 4366.4 6

 7 Open market paper 87.1 85.8 90.1 87.5 97.8 91.3 102.0 95.2 107.7 113.9 115.5 7

 8 Treasury securities 1166.2 1058.4 1021.4 1063.1 1254.1 1296.2 1392.6 1462.5 1539.2 1701.8 1805.1 8

 9 Official 622.9 617.7 639.8 704.6 796.4 826.7 869.4 893.3 966.1 1067.8 1130.9 9

10 Private 543.3 440.7 381.6 358.5 457.7 469.4 523.2 569.1 573.0 634.0 674.2 10

11 Agency- and GSE-backed securities 227.8 300.2 441.4 534.7 650.2 663.9 678.0 650.3 661.7 681.4 719.3 11

12 Official 46.8 76.1 116.4 126.9 158.4 168.0 171.3 174.6 183.3 196.3 199.1 12

13 Private 181.0 224.1 325.1 407.8 491.7 495.9 506.7 475.7 478.4 485.1 520.2 13

14 U.S. corporate bonds (1) 607.8 752.1 920.6 1115.9 1266.9 1323.4 1385.2 1439.0 1499.5 1552.7 1606.0 14

15 Loans to U.S. corporate business 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 120.6 15

16 U.S. corporate equities 1250.3 1611.5 1643.2 1572.7 1260.8 1190.2 1405.7 1437.8 1669.0 1707.6 1710.8 16

17 Trade receivables 52.5 47.4 47.0 43.9 47.0 47.3 47.2 46.3 48.7 49.3 45.3 17

18 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Miscellaneous assets 1024.3 1175.3 1655.8 1739.8 1949.8 1989.1 1752.4 1615.7 1512.3 1676.3 1558.4 19

20 Foreign direct investment in U.S. (2) 920.0 1101.7 1421.0 1513.5 1505.2 1537.3 1538.6 1537.0 1545.1 1555.1 1589.6 20

21 Other 104.3 73.6 234.8 226.3 444.6 451.8 213.8 78.7 -32.8 121.3 -31.1 21

22 Total liabilities 2776.4 3148.1 3490.2 3650.1 3981.8 4168.1 3913.6 3812.7 4064.5 4159.6 4249.8 22

 U.S. official foreign exchange

23 and net IMF position 60.1 50.1 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 58.9 23

24 U.S. private deposits 627.6 676.5 803.4 810.1 831.1 839.8 875.6 799.1 831.1 864.2 852.4 24

25 Credit market instruments 639.4 652.6 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 651.8 25

26 Commercial paper 72.9 89.2 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 183.4 26

27 Bonds 450.9 452.8 468.0 443.5 410.0 402.5 377.5 375.3 381.9 377.0 367.1 27

28 Bank loans n.e.c. 58.7 59.2 70.5 63.2 68.6 67.6 59.7 61.0 60.9 59.2 60.9 28

29 Official 2.8 3.0 3.5 4.3 5.1 4.7 4.7 4.4 4.6 4.9 5.3 29

30 Banks 13.1 9.9 13.2 5.9 5.1 5.5 4.9 3.9 3.7 4.4 5.9 30

31 Other 42.8 46.4 53.8 53.1 58.4 57.4 50.1 52.8 52.7 49.9 49.8 31

32 U.S. government loans 52.2 47.6 47.0 45.9 44.0 43.6 42.8 41.9 41.8 40.7 40.2 32

33 Acceptance liabilities to banks 4.7 3.9 3.1 0.5 0.2 0.1 0.1 0.1 0.2 0.1 0.3 33

34 Trade payables 44.9 49.1 49.9 47.8 37.6 46.3 45.9 43.7 45.5 47.2 47.0 34

35 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Miscellaneous liabilities 1404.4 1719.8 1881.2 2085.6 2391.8 2554.9 2280.0 2269.9 2475.8 2519.8 2639.7 36

37 U.S. equity in IBRD, etc. 32.4 33.9 35.4 37.1 38.6 38.9 39.3 39.7 40.0 40.3 40.8 37

38 U.S. government deposits 2.1 2.7 2.8 2.7 2.8 2.8 2.8 2.9 3.0 3.1 3.1 38

39 U.S. direct investment abroad (1,2) 1196.0 1414.4 1531.6 1686.6 1840.0 1884.6 1922.3 1969.8 2013.8 2065.0 2131.5 39

40 Other 173.9 268.8 311.5 359.2 510.4 628.7 315.6 257.5 419.0 411.4 464.3 40

 Memo:

41 Market value of foreign equities 1475.0 2003.7 1852.8 1612.7 1345.1 1269.9 1516.3 1661.0 1957.9 2051.2 2075.7 41

 held by U.S. residents (3)

(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) Includes American Depositary Receipts (ADRs).
68 Z.1, September 16, 2004

L.108 Monetary Authority (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 566.8 696.9 636.0 683.0 753.6 756.7 769.0 778.9 796.9 788.0 807.8 1

 2 Gold and foreign exchange 30.7 27.1 26.6 25.5 27.9 28.3 28.8 29.6 30.8 30.9 30.4 2

 3 SDR certificates 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 3

 4 Treasury currency 26.3 28.0 31.6 33.0 34.6 34.8 35.1 35.3 35.5 35.8 36.0 4

 5 Federal Reserve float 1.6 -0.2 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 0.2 5

 6 Fed. Res. loans to domestic banks 0.0 0.2 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 0.3 6

 7 Security RPs 30.4 140.6 43.4 50.3 39.5 31.8 31.8 37.5 43.8 27.5 33.5 7

 8 Credit market instruments 452.5 478.1 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 8

 9 Acceptances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 452.1 478.0 511.7 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 10

11 Agency- and GSE-backed securities 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Miscellaneous assets 16.1 16.8 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 17.8 13

14 Total liabilities 560.9 690.5 629.2 675.7 745.3 747.2 760.0 768.7 788.0 778.3 798.1 14

15 Depository institution reserves 26.3 24.0 19.0 17.5 22.5 26.8 27.7 29.1 23.1 25.0 29.6 15

16 Vault cash of commercial banks 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 16

17 Checkable deposits and currency 481.8 590.4 555.2 603.1 644.6 654.7 662.1 665.5 682.5 681.5 696.4 17

18 Due to federal government 6.2 28.5 5.6 7.1 4.8 7.1 7.3 7.6 6.0 6.3 6.3 18

19 Due to rest of the world 0.2 0.1 0.3 0.1 0.1 0.3 1.0 0.1 0.2 0.1 0.3 19

20 Currency outside banks 475.4 561.8 549.3 596.0 639.7 647.3 653.8 657.8 676.3 675.2 689.7 20

21 Miscellaneous liabilities 10.7 9.4 10.6 7.7 30.3 27.2 30.7 33.7 34.5 30.8 28.7 21

22 Federal Reserve Bank stock 6.0 6.4 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 9.2 22

23 Other 4.8 3.0 3.6 0.4 21.9 18.7 22.0 25.0 25.7 21.9 19.4 23

(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.
Z.1, September 16, 2004 69

L.109 Commercial Banking (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 5628.6 5982.5 6468.7 6829.0 7329.2 7431.3 7618.1 7637.1 7808.3 8041.2 8197.8 1

 2 Vault cash 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 2

 3 Reserves at Federal Reserve 24.4 19.3 17.4 15.2 19.5 24.0 25.0 25.7 19.1 19.9 23.4 3

 4 Checkable deposits and currency 2.0 2.2 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2.7 4

 5 Total bank credit 4483.6 4788.5 5200.8 5411.3 5811.4 5891.8 6058.0 6060.8 6202.0 6402.8 6534.5 5

 6 Treasury securities 214.1 228.9 184.5 162.7 205.8 136.6 126.8 126.6 132.9 144.2 140.9 6

 7 Agency- and GSE-backed securities 663.2 699.6 721.8 777.4 917.9 961.2 1035.0 967.8 999.5 1094.5 1111.0 7

 8 Municipal securities 104.8 110.8 114.1 120.2 121.7 123.2 127.1 131.9 132.5 133.9 137.2 8

 9 Corporate and foreign bonds 180.9 220.5 278.6 376.4 379.1 470.9 473.6 483.7 507.1 525.4 519.2 9

10 Total loans 3304.6 3505.1 3874.8 3944.4 4163.8 4184.4 4272.6 4326.7 4398.0 4472.5 4594.3 10

11 Open market paper 1.1 1.4 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Bank loans n.e.c. 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 12

13 Mortgages 1337.0 1495.4 1660.1 1789.8 2058.3 2099.3 2192.9 2263.7 2255.8 2329.3 2435.9 13

14 Consumer credit 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 625.8 14

15 Security credit 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 15

16 Corporate equities 6.8 11.3 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 15.7 16

17 Mutual fund shares 9.1 12.4 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 16.2 17

18 Customers’ liab. on acceptances (2) 11.3 8.2 7.5 4.6 4.6 4.8 4.5 4.3 4.4 3.9 4.4 18

19 Miscellaneous assets 1065.2 1097.7 1196.9 1347.9 1443.4 1469.1 1488.0 1503.5 1532.4 1570.5 1589.4 19

20 Total liabilities 5505.7 5833.5 6407.1 6770.3 7330.6 7416.4 7592.8 7665.9 7846.8 8073.2 8243.3 20

21 Net interbank liabilities 121.0 111.8 157.8 126.6 135.5 110.2 56.5 94.2 131.9 50.0 56.8 21

22 To monetary authority 1.7 -0.0 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 0.5 22

23 To domestic banks (3) -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 24.4 23

24 To foreign banks 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 31.9 24

25 Checkable deposits 622.9 626.4 540.9 628.8 571.5 540.5 584.3 563.1 602.4 597.0 621.5 25

26 Federal government 13.2 49.6 16.4 47.5 31.1 8.5 26.7 29.8 30.2 17.5 40.6 26

27 Rest of the world 28.6 28.6 30.7 25.8 25.2 26.9 41.3 32.7 33.2 36.3 47.9 27

28 Private domestic 581.1 548.2 493.8 555.6 515.3 505.1 516.3 500.6 539.0 543.2 533.1 28

29 Small time and savings deposits 1945.2 2017.1 2228.7 2478.1 2747.6 2833.2 2913.4 2935.1 2977.9 3079.1 3148.6 29

30 Large time deposits 673.1 792.6 885.4 918.1 915.3 940.3 934.5 933.3 934.1 992.3 1032.1 30

31 Federal funds and security RPs (net) 639.2 750.0 816.1 786.5 902.0 931.7 983.2 936.2 969.5 1021.3 1062.5 31

32 Credit market instruments 382.1 449.3 509.3 562.1 611.8 627.5 639.3 638.6 661.0 703.2 710.2 32

33 Open market paper 56.9 63.1 63.6 55.4 52.9 49.4 44.2 45.2 46.6 61.0 56.2 33

34 Corporate bonds 220.2 240.6 273.2 310.2 332.2 352.9 359.7 361.2 379.1 389.0 402.7 34

35 Other loans and advances 104.9 145.6 172.4 196.6 226.8 225.2 235.5 232.2 235.3 253.3 251.4 35

36 Taxes payable 7.1 9.0 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 20.6 36

37 Miscellaneous liabilities 1115.2 1077.4 1257.8 1256.6 1430.8 1416.1 1464.1 1547.2 1550.8 1610.3 1591.0 37

 Memo:

38 Credit market funds advanced (4) 4336.1 4648.3 5006.3 5210.5 5614.9 5673.6 5831.3 5831.8 5960.8 6135.3 6270.1 38

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the

 same as branches in foreign countries.

(2) Included in other loans and advances (table L.216).

(3) Floats and discrepancies in interbank transactions.

(4) Total bank credit (line 5) less security credit (line 15) less corporate equities (line 16) less mutual fund shares (line 17) plus customers’ liability on acceptances (line 18).
70 Z.1, September 16, 2004

L.110 U.S.-Chartered Commercial Banks

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 4080.6 4431.2 4774.1 5014.5 5427.1 5519.2 5683.7 5704.5 5839.8 5996.5 6141.8 1

 2 Vault cash and reserves at Federal Reserve 65.5 84.4 61.3 61.9 66.1 61.3 63.4 63.7 66.2 59.7 65.9 2

 3 Total bank credit 3844.6 4164.5 4515.2 4718.6 5102.3 5158.3 5324.2 5350.0 5481.6 5650.8 5790.3 3

 4 Treasury securities 124.8 122.8 87.9 56.5 86.4 89.3 77.9 81.2 93.5 102.6 100.9 4

 5 Agency- and GSE-backed securities 578.9 608.3 626.5 700.2 821.3 866.4 936.0 872.5 906.4 1001.0 1012.4 5

 6 Mortgage pass-through securities 301.5 283.7 297.8 350.6 434.9 466.2 526.1 472.2 491.5 578.1 586.9 6

 7 CMOs and other structured MBS 115.9 120.9 111.0 168.2 159.1 179.5 179.3 158.5 161.4 166.6 158.9 7

 8 Other 161.5 203.8 217.6 181.4 227.4 220.7 230.5 241.8 253.5 256.3 266.6 8

 9 Municipal securities 104.4 110.2 113.4 119.7 121.2 122.7 126.6 131.3 131.9 133.3 136.6 9

10 Corporate and foreign bonds 118.2 161.8 214.0 278.5 283.5 288.5 281.8 302.3 330.6 340.2 342.5 10

11 Private mortgage pass-through securities 3.9 4.5 4.1 25.3 12.0 10.6 10.3 11.4 12.2 13.8 13.6 11

12 Private CMOs and other structured MBS 42.8 48.8 56.5 59.3 67.4 78.1 78.4 84.2 92.6 94.4 94.4 12

13 Other 71.5 108.5 153.4 193.9 204.2 199.8 193.0 206.7 225.8 232.0 234.6 13

14 Total loans 2902.3 3137.8 3446.5 3533.6 3766.7 3775.8 3878.9 3938.6 3987.1 4041.4 4166.0 14

15 Open market paper 0.8 0.7 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Bank loans n.e.c. 1012.0 1104.3 1202.4 1140.5 1081.9 1050.6 1039.3 1029.5 1045.5 1034.7 1050.3 16

17 Mortgages 1304.3 1465.4 1627.0 1752.8 2018.5 2058.5 2150.9 2216.1 2213.6 2286.0 2393.2 17

18 Consumer credit 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 625.8 18

19 Security credit 76.3 67.6 74.7 81.9 79.2 91.5 104.5 99.4 91.5 96.0 96.7 19

20 Corporate equities 6.8 11.3 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 15.7 20

21 Mutual fund shares 9.1 12.4 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 16.2 21

22 Customers’ liab. on acceptances (1) 9.1 6.6 5.9 3.6 3.9 4.3 4.1 3.8 3.8 3.3 3.9 22

23 Miscellaneous assets 161.5 175.6 191.7 230.4 254.7 295.2 292.0 287.0 288.2 282.6 281.8 23

24 Total liabilities 4353.3 4685.6 5169.7 5455.3 5948.0 6023.6 6189.5 6273.2 6422.7 6606.4 6789.9 24

25 Net interbank liabilities 25.2 56.9 137.5 138.2 192.4 177.7 133.0 173.5 219.1 183.7 215.9 25

26 Federal Reserve float 1.6 -0.2 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 0.2 26

27 Borrowing from Federal Reserve banks 0.0 0.2 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 0.3 27

28 To domestic banks -50.9 -67.3 -33.0 -17.8 0.2 -15.2 -61.5 -57.8 -65.2 -75.0 -73.4 28

29 To foreign banks 74.4 124.1 169.5 155.9 191.8 194.0 194.3 231.6 284.6 259.3 288.9 29

30 Checkable deposits 605.8 608.7 523.7 608.2 552.7 521.7 562.2 542.9 581.0 575.5 600.1 30

31 Federal government 13.2 49.6 16.4 47.5 31.1 8.5 26.7 29.8 30.2 17.5 40.6 31

32 Rest of the world 23.2 22.7 25.0 22.6 22.3 24.6 38.6 30.4 30.7 33.6 45.5 32

33 Private domestic 569.4 536.5 482.3 538.2 499.3 488.6 496.9 482.7 520.2 524.4 514.0 33

34 Small time and savings deposits 1924.4 1997.4 2208.0 2448.3 2722.0 2808.5 2888.4 2908.8 2950.2 3050.4 3119.9 34

35 Large time deposits 404.1 465.7 553.6 528.4 552.7 569.1 572.5 569.7 555.7 575.2 596.0 35

36 Federal funds and security RPs (net) 538.4 667.0 682.4 663.9 737.4 733.8 777.3 766.3 806.0 851.2 879.6 36

37 Acceptance liabilities 9.1 6.6 6.0 3.7 3.9 4.3 4.1 3.8 3.8 3.3 3.9 37

38 Corporate bonds 72.1 75.8 86.4 94.7 94.1 94.7 96.6 97.3 99.6 98.6 102.9 38

39 Other loans and advances 104.9 145.6 172.4 196.6 226.8 225.2 235.5 232.2 235.3 253.3 251.4 39

40 Taxes payable 7.1 9.0 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 20.6 40

41 Miscellaneous liabilities 662.0 653.1 788.6 759.8 849.8 871.9 902.4 960.5 953.0 995.3 999.7 41

42 Investment by bank holding companies 469.0 471.9 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.1 738.5 42

43 Other 193.0 181.2 263.2 173.7 210.6 221.8 235.3 280.8 263.2 287.2 261.2 43

 Memo:

44 Credit market funds advanced (2) 3761.4 4080.0 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 5665.5 44

(1) Included in other loans and advances (table L.216).

(2) Total bank credit (line 3) less security credit (line 19) less corporate equities (line 20) less mutual fund shares (line 21) plus customers’ liability on acceptances (line 22).
Z.1, September 16, 2004 71

L.111 Foreign Banking Offices in U.S. (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 806.5 750.9 789.4 791.9 801.1 778.5 750.1 728.0 732.5 738.1 705.6 1

 2 Reserves at Federal Reserve 1.0 1.4 0.5 0.6 1.2 1.1 1.1 2.4 0.9 1.1 0.9 2

 3 Total bank credit 568.7 543.0 610.2 603.0 615.0 634.4 620.9 599.6 607.1 635.5 623.5 3

 4 Treasury securities 84.8 94.5 94.0 103.8 116.7 44.3 44.5 40.1 34.2 36.6 33.8 4

 5 Agency- and GSE-backed securities 67.4 72.4 72.7 50.7 61.6 60.0 63.1 54.8 52.5 51.1 54.2 5

 6 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 46.9 42.4 50.7 81.3 81.6 164.0 167.2 165.5 160.9 169.6 161.8 7

 8 Total loans 369.6 333.8 392.8 367.2 355.2 366.1 346.2 339.2 359.6 378.1 373.7 8

 9 Open market paper 0.3 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Bank loans n.e.c. 282.4 260.0 274.6 256.1 237.5 231.2 223.1 205.7 220.4 217.6 218.6 10

11 Mortgages 20.4 15.9 17.1 17.9 19.0 18.9 19.3 23.7 17.2 17.4 15.0 11

12 Security credit 66.5 57.2 100.5 93.3 98.7 115.9 103.8 109.8 121.9 143.1 140.1 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Customers’ liab. on acceptances (2) 2.2 1.6 1.6 1.0 0.6 0.5 0.4 0.5 0.6 0.5 0.6 14

15 Miscellaneous assets 234.5 204.9 177.1 187.2 184.2 142.5 127.6 125.5 123.9 101.0 80.6 15

16 Total liabilities 828.8 776.4 818.4 824.8 838.4 817.0 789.8 769.0 774.7 781.6 750.4 16

17 Net interbank liabilities 93.2 48.2 7.4 -9.3 -51.6 -61.1 -78.8 -84.6 -92.8 -139.0 -165.6 17

18 To foreign banks 92.7 41.5 -15.5 -50.9 -83.1 -103.8 -111.8 -122.2 -130.7 -188.8 -226.3 18

19 To domestic banks 0.4 6.7 22.9 41.6 31.5 42.7 33.0 37.6 37.8 49.8 60.6 19

20 Checkable deposits 8.6 9.1 8.7 9.1 8.4 8.0 10.0 8.8 9.4 9.0 8.5 20

21 Small time and savings deposits 9.4 7.5 7.2 11.6 9.4 8.7 8.9 9.7 10.3 11.2 10.8 21

22 Large time deposits 257.6 314.8 318.2 371.5 346.4 355.2 346.0 346.9 361.0 399.6 418.1 22

23 Federal funds and security RPs (net) 100.4 82.5 134.8 123.9 163.4 191.8 197.1 167.7 161.5 168.8 181.5 23

24 Acceptance liabilities 2.4 2.0 2.0 1.1 0.7 0.5 0.5 0.5 0.6 0.6 0.6 24

25 Miscellaneous liabilities 357.3 312.2 340.1 316.9 361.8 314.0 306.2 320.0 324.8 331.5 296.5 25

26 Foreign direct investment in U.S. 46.1 62.0 64.2 67.2 76.8 80.4 80.3 80.8 87.5 88.0 89.7 26

27 Due to affiliates 90.6 93.0 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 137.4 27

28 Other 220.6 157.2 137.2 141.9 152.4 105.3 101.0 120.9 106.4 85.6 69.4 28

 Memo:

29 Credit market funds advanced (3) 504.5 487.4 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.9 484.0 29

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

(2) Included in other loans and advances (table L.216).

(3) Total bank credit (line 3) less security credit (line 12) less corporate equities (line 13) plus customers’ liability on acceptances (line 14).
72 Z.1, September 16, 2004

L.112 Bank Holding Companies

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 685.9 741.2 841.9 942.4 1025.8 1056.5 1104.6 1121.0 1152.4 1219.0 1259.3 1

 2 Credit market instruments 26.5 32.7 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 36.1 2

 3 Treasury securities 0.9 8.8 0.8 1.2 1.3 1.3 2.4 3.0 2.7 2.1 2.4 3

 4 Agency- and GSE-backed securities 6.6 5.4 4.8 6.2 10.7 11.4 10.9 12.2 11.6 12.5 12.9 4

 5 Corporate and foreign bonds 14.8 15.9 13.2 15.3 12.9 17.6 23.0 14.3 14.2 13.9 13.5 5

 6 Bank loans n.e.c. 4.1 2.6 1.6 1.9 2.9 2.6 6.7 6.8 7.9 8.1 7.4 6

 7 Miscellaneous assets 659.5 708.5 821.4 917.8 998.1 1023.5 1061.7 1084.7 1116.0 1182.3 1223.2 7

 8 Investment in bank subsidiaries 469.0 471.9 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.1 738.5 8

 9 Investment in nonbank subsidiaries 134.0 151.3 189.7 219.5 219.3 227.8 247.6 255.2 264.3 292.8 303.2 9

10 Other 56.5 85.4 106.3 112.2 139.5 145.7 147.1 149.9 161.9 181.4 181.4 10

11 Total liabilities 270.6 314.6 358.7 413.4 473.1 503.0 538.3 544.9 570.8 603.0 617.2 11

12 Net interbank liabilities 2.7 6.7 12.9 -2.3 -5.3 -6.4 2.4 5.3 5.6 5.4 6.5 12

13 To domestic banks 23.9 32.1 5.8 -12.8 -16.4 -8.2 35.3 38.3 39.4 39.9 37.2 13

14 To foreign banks -21.3 -25.4 7.1 10.4 11.1 1.8 -32.9 -33.0 -33.8 -34.5 -30.8 14

15 Federal funds and security RPs (net) 0.4 0.5 -1.1 -1.2 1.2 6.2 8.8 2.2 2.1 1.2 1.4 15

16 Credit market instruments 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 16

17 Commercial paper 45.4 54.5 55.7 50.6 48.3 44.6 39.6 40.9 42.3 57.1 51.7 17

18 Corporate bonds 148.1 164.8 186.8 215.5 238.1 258.2 263.1 263.9 279.5 290.4 299.8 18

19 Miscellaneous liabilities 74.1 88.1 104.4 150.8 190.9 200.4 224.5 232.7 241.4 249.0 257.9 19

L.113 Banks in U.S.-Affiliated Areas (1)

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

 1 Total financial assets 55.5 59.2 63.3 80.2 75.2 77.1 79.8 83.5 83.6 87.7 91.1 1

 2 Checkable deposits and currency 2.0 2.2 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2.7 2

 3 Credit market instruments 43.8 48.3 55.0 65.0 66.3 66.1 70.0 74.9 76.9 79.9 84.5 3

 4 Treasury securities 3.6 2.8 1.8 1.2 1.5 1.6 2.0 2.3 2.5 2.8 3.7 4

 5 Agency- and GSE-backed securities 10.2 13.5 17.8 20.3 24.2 23.4 25.0 28.3 28.9 29.9 31.5 5

 6 Municipal securities 0.5 0.6 0.7 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 6

 7 Corporate and foreign bonds 1.0 0.5 0.8 1.4 1.1 0.8 1.7 1.6 1.4 1.6 1.4 7

 8 Bank loans n.e.c. 16.3 16.9 18.0 22.5 18.2 18.0 18.2 18.1 18.5 19.0 19.5 8

 9 Home mortgages 7.5 8.1 9.1 8.2 9.7 10.6 11.1 11.5 12.2 12.7 13.8 9

10 Commercial mortgages 4.8 6.0 6.8 11.0 11.2 11.3 11.6 12.4 12.8 13.2 13.9 10

11 Miscellaneous assets 9.7 8.7 6.6 12.5 6.4 7.9 6.8 6.3 4.3 4.6 3.9 11

12 Total liabilities 53.1 56.9 60.4 76.8 71.1 72.7 75.2 78.8 78.6 82.2 85.8 12

13 Checkable deposits 8.5 8.5 8.4 11.5 10.4 10.8 12.0 11.3 11.9 12.6 13.0 13

14 Small time and savings deposits 11.4 12.2 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 14

15 Large time deposits 11.4 12.2 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 15

16 Miscellaneous liabilities 21.9 24.1 24.8 29.0 28.3 29.8 31.1 34.1 31.7 34.6 36.9 16

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
Z.1, September 16, 2004 73

L.114 Savings Institutions (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1088.6 1150.5 1217.7 1299.1 1357.4 1407.8 1437.1 1471.7 1475.2 1556.5 1597.8 1

 2 Reserves at Federal Reserve 1.9 4.7 1.7 2.3 3.0 2.8 2.7 3.4 3.9 5.1 6.3 2

 3 Checkable deposits and currency 18.4 17.4 19.0 21.0 24.7 23.9 27.4 25.9 24.3 25.0 28.2 3

 4 Time and savings deposits 1.5 1.3 1.4 2.2 2.6 2.6 2.7 2.7 2.6 3.0 3.2 4

 5 Federal funds and security RPs 14.8 10.6 14.9 27.4 27.1 29.7 25.6 24.8 21.0 31.2 26.3 5

 6 Credit market instruments 965.5 1032.6 1088.8 1133.4 1167.0 1214.6 1239.0 1261.5 1293.3 1370.8 1408.9 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 10.2 10.1 8.7 11.4 9.2 9.2 10.0 11.2 12.2 12.2 10.8 8

 9 Agency- and GSE-backed securities 143.7 147.1 140.4 161.4 176.2 186.1 192.4 193.3 198.7 228.5 221.3 9

10 Mortgage pass-through securities 117.2 115.7 109.0 115.7 132.7 141.0 142.0 136.2 138.1 125.0 123.6 10

11 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44.4 42.3 11

12 Other 26.5 31.4 31.4 45.7 43.5 45.2 50.3 57.1 60.6 59.1 55.4 12

13 Municipal securities 2.5 3.0 3.2 4.5 5.5 5.5 5.8 6.3 6.3 6.5 6.5 13

14 Corporate and foreign bonds 88.6 111.9 109.4 83.9 79.9 81.9 75.4 68.6 71.1 65.0 59.9 14

15 Private mortgage pass-through securities 13.2 18.4 19.0 13.2 10.6 9.6 9.5 10.0 10.7 9.4 8.8 15

16 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41.9 38.5 16

17 Other 75.4 93.6 90.4 70.7 69.3 72.3 65.9 58.6 60.4 13.8 12.6 17

18 Other loans and advances 24.2 30.6 39.3 42.9 46.2 47.4 48.2 57.4 56.3 49.6 55.5 18

19 Mortgages 644.0 668.1 723.0 758.2 781.4 815.9 833.6 852.1 870.9 927.5 966.5 19

20 Consumer credit 52.4 61.7 64.8 71.1 68.7 68.6 73.8 72.7 77.9 81.5 88.4 20

21 Corporate equities 24.5 23.8 24.2 27.9 29.1 29.9 30.6 31.1 30.4 28.2 27.9 21

22 Miscellaneous assets 62.1 60.0 67.6 84.9 103.9 104.2 109.1 122.4 99.7 93.3 97.0 22

23 Total liabilities 1058.8 1119.6 1185.8 1264.1 1318.1 1367.4 1397.7 1430.3 1431.6 1515.6 1550.9 23

24 Deposits 693.2 699.3 726.7 773.6 840.5 860.5 875.1 893.1 899.8 946.7 955.9 24

25 Checkable 185.6 222.3 265.8 316.5 370.9 384.2 399.5 413.9 428.3 443.0 459.5 25

26 Small time and savings 393.9 354.7 318.9 288.2 256.5 251.8 238.0 240.9 226.0 218.5 205.6 26

27 Large time 113.7 122.2 142.1 168.9 213.1 224.5 237.6 238.3 245.5 285.2 290.8 27

28 Security RPs 51.3 72.7 66.7 72.4 57.4 60.8 64.6 65.6 77.5 74.1 71.2 28

29 Credit market instruments 212.4 260.4 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 29

30 Corporate bonds 2.6 2.7 6.3 3.6 3.4 4.8 4.8 5.0 5.1 6.0 5.0 30

31 Bank loans n.e.c. 29.7 14.0 21.5 23.0 27.2 15.1 15.9 15.4 13.9 14.3 14.6 31

32 Other loans and advances 180.1 243.7 260.0 259.1 231.7 237.3 236.0 241.8 249.3 247.0 288.5 32

33 Taxes payable 2.0 2.0 2.5 1.7 1.5 1.4 1.4 1.6 1.3 1.8 1.6 33

34 Miscellaneous liabilities 99.8 85.1 102.3 130.7 156.4 187.4 199.8 207.9 184.6 225.7 214.2 34

35 Investment by parent 5.4 6.0 6.6 7.4 8.3 8.5 8.8 9.1 9.3 9.6 9.9 35

36 Other 94.4 79.2 95.7 123.3 148.1 178.9 191.0 198.9 175.3 216.1 204.3 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
74 Z.1, September 16, 2004

L.115 Credit Unions

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 391.5 414.5 441.1 505.5 560.8 589.2 609.4 612.5 617.3 634.5 643.0 1

 2 Checkable deposits and currency 9.1 26.4 26.7 36.8 38.4 54.8 52.4 45.6 41.5 50.4 39.8 2

 3 Time and savings deposits 23.4 16.6 15.5 23.0 24.5 28.7 27.6 27.3 26.4 27.5 28.7 3

 4 Federal funds and security RPs 6.8 9.3 4.0 2.5 1.7 4.4 2.4 2.8 1.6 4.3 2.6 4

 5 Credit market instruments 324.2 351.7 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.6 542.3 5

 6 Open market paper 0.4 1.9 1.2 2.4 3.6 2.9 3.4 3.1 1.6 2.3 1.8 6

 7 Treasury securities 13.1 9.6 8.2 7.4 7.8 7.3 8.7 9.1 8.9 8.5 9.9 7

 8 Agency- and GSE-backed securities 58.4 61.3 60.9 80.6 97.3 107.2 116.2 125.7 115.5 120.3 121.6 8

 9 Home mortgages 96.9 111.0 124.9 141.3 159.4 162.3 168.1 176.5 182.6 185.9 196.0 9

10 Consumer credit 155.4 167.9 184.4 189.6 195.7 194.0 198.9 203.4 205.9 207.6 212.9 10

11 Mutual fund shares 3.6 2.5 2.2 3.7 3.5 3.4 4.5 5.0 4.1 4.2 3.9 11

12 Miscellaneous assets 24.3 8.0 12.9 18.3 28.7 24.1 27.2 14.1 29.2 23.4 25.7 12

13 Total liabilities 355.3 376.1 398.1 458.9 509.0 536.2 555.6 557.3 560.3 576.7 585.7 13

14 Shares/deposits 349.0 366.7 389.1 450.2 496.9 527.1 540.0 539.9 544.9 548.8 566.5 14

15 Checkable 43.0 45.4 51.3 54.7 59.7 65.9 66.4 64.8 67.4 70.3 70.4 15

16 Small time and savings 287.5 299.8 312.7 361.3 394.4 417.1 423.6 424.9 424.0 423.8 439.6 16

17 Large time 18.5 21.6 25.1 34.1 42.8 44.1 50.1 50.3 53.6 54.7 56.5 17

18 Other loans and advances 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 18

19 Miscellaneous liabilities 5.2 6.0 5.6 3.8 5.1 1.5 7.6 8.5 6.3 19.5 9.6 19

L.116 Bank Personal Trusts and Estates (1)

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

 1 Total financial assets 976.3 1104.1 1067.8 929.1 807.9 786.5 843.8 851.7 899.0 921.5 928.4 1

 2 Deposits 54.4 62.7 69.8 65.1 65.2 65.2 65.1 65.1 65.1 65.1 63.2 2

 3 Checkable deposits and currency 0.3 0.3 0.2 0.7 0.0 0.1 0.2 0.3 0.4 0.5 0.6 3

 4 Time and savings deposits 7.8 8.7 8.9 11.7 11.1 13.3 15.4 17.6 19.8 22.0 22.1 4

 5 Money market fund shares 46.2 53.7 60.6 52.8 54.1 51.8 49.5 47.2 44.9 42.7 40.4 5

 6 Credit market instruments 194.1 222.0 222.8 194.7 195.6 194.9 194.3 193.7 193.2 196.4 197.3 6

 7 Open market paper 16.5 17.1 14.7 11.6 11.4 11.3 11.2 11.1 11.0 10.9 10.8 7

 8 Treasury securities 17.3 17.3 16.3 11.5 11.2 11.1 11.0 10.9 10.9 10.9 10.9 8

 9 Agency- and GSE-backed securities 39.4 45.2 45.5 35.1 34.2 33.6 32.9 32.2 31.6 31.7 31.8 9

10 Municipal securities 89.5 100.3 99.1 95.6 100.9 100.3 99.6 98.9 98.4 99.7 100.4 10

11 Corporate and foreign bonds 28.5 39.8 44.9 38.3 35.6 36.5 37.5 38.5 39.5 41.2 41.4 11

12 Mortgages 2.8 2.2 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 1.9 12

13 Corporate equities 360.1 407.3 356.8 280.7 181.1 170.1 192.7 194.4 213.1 218.3 220.5 13

14 Mutual fund shares 344.7 391.5 396.8 359.1 339.1 327.1 360.0 364.5 391.2 403.0 406.2 14

15 Miscellaneous assets 23.0 20.5 21.7 29.4 26.8 29.2 31.6 34.0 36.4 38.8 41.2 15

16 Total liabilities (2) 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 961.9 16

(1) Personal trusts, estates, and non-managed personal agency accounts at banks, savings institutions, and national nondeposit noninsured trust companies.

(2) Equal to value of tangible and financial assets. These liabilities are assets of the household sector.
Z.1, September 16, 2004 75

L.117 Life Insurance Companies

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2769.5 3067.9 3135.7 3224.6 3335.0 3420.8 3591.2 3664.6 3772.8 3894.6 3969.8 1

 2 Checkable deposits and currency 5.4 5.5 5.0 36.8 35.3 43.8 44.4 46.8 47.3 46.3 50.0 2

 3 Money market fund shares 110.4 131.8 142.3 173.3 159.8 152.7 153.4 152.3 151.4 144.2 139.6 3

 4 Credit market instruments 1828.0 1886.0 1943.9 2074.8 2307.8 2377.0 2436.5 2471.6 2488.3 2546.1 2599.8 4

 5 Open market paper 73.4 75.8 71.2 59.3 74.0 77.9 74.2 75.7 55.9 61.4 57.2 5

 6 Treasury securities 71.3 62.8 58.1 53.7 78.5 77.6 76.4 74.1 71.8 73.3 74.8 6

 7 Agency- and GSE-backed securities 217.0 224.4 235.4 253.5 330.9 338.4 345.0 346.9 348.9 357.0 365.1 7

 8 Municipal securities 18.4 20.1 19.1 18.7 19.9 21.6 23.3 24.7 26.1 26.8 27.4 8

 9 Corporate and foreign bonds 1130.4 1173.2 1222.2 1342.4 1449.3 1505.6 1558.4 1588.6 1620.2 1661.2 1701.2 9

10 Policy loans 103.8 99.0 101.9 104.1 105.1 104.7 104.9 104.4 104.5 104.4 104.7 10

11 Mortgages 213.6 230.8 235.9 243.0 250.0 251.2 254.4 257.3 260.9 262.0 269.3 11

12 Corporate equities 683.2 909.0 891.9 811.3 708.9 704.7 806.0 837.6 919.3 956.7 975.3 12

13 Mutual fund shares 73.2 98.7 97.0 88.3 76.6 74.6 82.5 85.4 91.7 94.3 95.0 13

14 Miscellaneous assets 69.2 36.9 55.6 40.1 46.8 68.1 68.4 71.0 74.7 107.0 110.2 14

15 Total liabilities 2599.7 2882.8 2942.8 3034.8 3140.4 3220.2 3373.8 3439.2 3539.4 3652.9 3724.1 15

16 Other loans and advances 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 16

17 Life insurance reserves 684.7 748.9 782.7 842.2 881.6 896.9 919.9 933.1 972.7 993.8 1013.3 17

18 Pension fund reserves (1) 1248.1 1428.1 1453.1 1462.1 1488.0 1506.3 1606.5 1646.6 1713.7 1760.7 1800.9 18

19 Taxes payable 14.9 16.2 17.8 19.7 22.1 22.8 23.4 24.1 24.9 25.6 26.4 19

20 Miscellaneous liabilities 649.5 686.4 686.8 707.6 743.6 788.0 817.4 827.9 820.1 864.8 874.9 20

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 20).

L.118 Other Insurance Companies

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

 1 Total financial assets 876.4 872.7 862.0 859.9 929.8 948.5 993.2 1019.4 1060.1 1093.3 1116.2 1

 2 Checkable deposits and currency 4.0 4.3 3.7 13.1 25.9 30.2 36.1 35.1 34.6 31.1 30.3 2

 3 Security RPs 42.7 28.3 38.3 30.2 44.4 42.0 48.8 51.0 52.8 52.2 50.4 3

 4 Credit market instruments 521.1 518.2 509.4 518.4 558.3 572.3 584.7 601.9 625.2 651.5 669.5 4

 5 Treasury securities 70.4 60.6 52.1 52.0 61.2 61.9 62.3 63.2 64.7 67.4 69.3 5

 6 Agency- and GSE-backed securities 69.7 75.5 84.1 94.2 113.2 113.4 113.3 113.9 115.4 120.3 123.6 6

 7 Municipal securities 208.1 199.0 184.1 173.8 183.0 192.0 200.7 211.2 224.2 233.6 240.1 7

 8 Corporate and foreign bonds 171.1 181.1 187.5 196.4 198.9 203.0 206.5 211.7 218.9 228.1 234.4 8

 9 Commercial mortgages 2.0 1.9 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 2.2 9

10 Corporate equities 200.1 207.9 194.3 173.9 152.3 147.4 162.9 167.3 182.7 188.3 190.5 10

11 Trade receivables 61.5 63.6 64.6 69.9 74.8 79.3 81.6 82.3 79.3 82.4 85.3 11

12 Miscellaneous assets 47.0 50.6 51.8 54.4 74.1 77.3 79.0 81.9 85.5 87.7 90.2 12

13 Total liabilities 543.1 551.8 562.7 597.0 647.9 663.8 676.7 695.3 690.7 702.9 716.3 13

14 Taxes payable 15.4 17.4 19.7 22.4 25.6 26.5 27.4 28.4 29.3 30.3 31.4 14

15 Miscellaneous liabilities 527.7 534.4 543.0 574.6 622.3 637.3 649.3 667.0 661.4 672.6 685.0 15
76 Z.1, September 16, 2004

L.119 Private Pension Funds (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 4104.8 4571.2 4422.3 4039.7 3513.4 3458.3 3777.0 3867.6 4175.8 4278.1 4330.5 1

 2 Checkable deposits and currency 5.7 6.9 7.3 6.3 6.8 6.9 7.2 7.2 7.0 6.9 7.0 2

 3 Time and savings deposits 147.7 118.8 121.7 125.8 126.7 127.5 128.7 129.5 129.1 131.8 132.6 3

 4 Money market fund shares 63.4 75.1 79.6 69.0 71.8 72.5 73.2 73.9 74.7 75.4 76.2 4

 5 Security RPs 28.8 32.5 33.4 34.2 36.1 35.8 35.5 35.2 35.4 34.2 35.7 5

 6 Credit market instruments 621.1 720.4 724.2 708.3 729.5 731.3 737.4 734.4 733.6 740.0 737.6 6

 7 Open market paper 34.3 41.3 39.6 37.4 48.3 48.1 46.2 45.9 42.3 39.8 39.9 7

 8 Treasury securities 85.1 87.5 77.9 56.2 54.9 54.9 55.8 53.7 52.7 55.7 54.1 8

 9 Agency- and GSE-backed securities 194.8 233.0 242.0 249.9 251.7 250.7 251.3 246.7 246.4 247.0 244.8 9

10 Corporate and foreign bonds 297.5 347.5 352.5 351.4 359.4 362.0 367.8 371.5 374.9 380.3 381.0 10

11 Mortgages 9.3 11.0 12.2 13.5 15.2 15.6 16.2 16.7 17.2 17.2 17.8 11

12 Corporate equities 1947.9 2081.2 1956.1 1697.8 1288.2 1243.7 1449.3 1514.1 1709.2 1766.7 1797.0 12

13 Mutual fund shares 668.2 897.6 873.7 776.9 634.6 618.9 714.3 735.0 824.5 852.5 865.9 13

14 Miscellaneous assets 622.2 638.9 626.4 621.3 619.8 621.6 631.4 638.2 662.2 670.5 678.6 14

15 Unallocated insurance contracts (2) 384.6 396.4 381.4 372.2 366.5 367.1 377.9 385.1 406.5 413.9 419.7 15

16 Contributions receivable 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 113.0 113.3 16

17 Other 122.7 135.3 136.5 139.3 142.2 143.1 141.8 141.0 143.3 143.6 145.5 17

18 Pension fund reserves (liabilities) (3) 4158.9 4628.9 4483.5 4104.6 3582.3 3528.2 3848.0 3939.6 4249.0 4352.2 4405.7 18

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

(2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4.

(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.

L.120 State and Local Government Employee Retirement Funds

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

 1 Total financial assets 1966.9 2242.8 2123.5 1968.5 1737.7 1695.2 1828.2 1865.1 1989.0 2022.7 2046.8 1

 2 Checkable deposits and currency 10.0 9.2 9.1 9.5 7.7 7.4 5.5 5.5 7.0 7.8 8.9 2

 3 Time and savings deposits 2.0 1.7 1.1 0.6 0.7 1.0 0.6 0.6 0.8 0.9 1.0 3

 4 Security RPs 37.5 40.4 44.7 45.3 45.5 43.4 38.3 38.2 36.3 35.2 31.3 4

 5 Credit market instruments 663.2 702.8 752.0 715.2 708.0 703.0 717.1 711.7 728.9 737.3 751.9 5

 6 Open market paper 37.5 40.4 44.7 45.3 45.5 43.4 38.3 38.2 41.3 45.2 47.3 6

 7 Treasury securities 212.6 198.8 177.9 152.4 144.1 140.9 148.1 141.6 147.4 145.2 152.0 7

 8 Agency- and GSE-backed securities 106.1 129.0 166.6 152.1 151.8 156.2 161.3 156.2 158.5 157.1 157.5 8

 9 Municipal securities 3.3 3.0 1.6 1.4 0.5 0.5 0.4 1.8 0.7 0.9 0.5 9

10 Corporate and foreign bonds 279.6 310.0 339.7 339.1 334.5 328.1 332.7 334.8 339.2 343.9 346.4 10

11 Mortgages 24.1 21.5 21.5 24.9 31.6 33.9 36.3 39.0 41.9 45.0 48.3 11

12 Corporate equities 1188.1 1407.7 1223.1 1084.0 869.8 841.9 960.0 981.8 1084.4 1102.6 1116.7 12

13 Miscellaneous assets 66.1 81.0 93.5 113.8 105.9 98.6 106.7 127.2 131.6 138.8 137.0 13

14 Pension fund reserves (liabilities) (1) 1998.2 2278.3 2165.4 2015.4 1787.2 1745.0 1878.2 1915.1 2038.9 2072.3 2096.0 14

(1) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.

L.121 Federal Government Retirement Funds (1)

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

 1 Total financial assets 718.0 776.2 799.2 862.0 896.6 885.0 907.2 922.9 959.0 952.2 964.1 1

 2 Credit market instruments 30.2 33.1 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 66.0 2

 3 Treasury securities 28.1 31.0 33.0 40.2 49.6 53.4 53.9 54.6 54.3 54.8 56.8 3

 4 Agency- and GSE-backed securities 1.3 1.3 1.4 3.1 5.5 7.7 7.7 7.1 6.5 6.3 6.1 4

 5 Corporate and foreign bonds 0.8 0.8 0.8 1.6 2.8 3.9 3.9 3.6 3.3 3.2 3.1 5

 6 Corporate equities 44.9 59.1 59.1 51.4 48.5 52.3 63.1 69.4 79.9 86.7 88.8 6

 7 Miscellaneous assets 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 7

 8 Pension fund reserves (liabilities) (2) 718.0 776.2 799.2 862.0 896.6 885.0 907.2 922.9 959.0 952.2 964.1 8

(1) Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

(2) Liabilities of the sector are assets of the household sector.
Z.1, September 16, 2004 77

L.122 Money Market Mutual Funds (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.1 2058.0 2016.0 1971.9 1912.3 1

 2 Foreign deposits 30.6 42.9 91.1 124.2 114.1 101.1 88.6 82.4 74.2 73.2 88.8 2

 3 Checkable deposits and currency -1.0 -2.2 2.2 4.6 -1.3 -1.7 -8.1 -6.5 -1.9 -10.7 1.1 3

 4 Time and savings deposits 127.0 160.4 142.4 219.5 204.6 193.4 183.8 184.4 156.9 158.2 162.2 4

 5 Security RPs 139.5 139.6 183.0 227.0 273.2 262.1 258.8 229.0 251.4 269.0 254.4 5

 6 Credit market instruments 965.9 1147.8 1290.9 1536.9 1511.6 1485.5 1479.6 1438.1 1398.5 1344.7 1271.3 6

 7 Open market paper 414.2 519.0 608.6 638.9 594.0 543.5 517.5 471.7 458.9 432.2 404.8 7

 8 Treasury securities 103.6 103.8 90.4 135.7 140.2 148.2 144.3 134.2 130.2 125.7 102.4 8

 9 Agency- and GSE-backed securities 173.8 190.9 185.2 318.4 324.1 318.1 326.8 350.9 326.2 300.0 275.7 9

10 Municipal securities 193.0 210.4 244.7 281.0 282.8 292.7 298.6 296.5 297.3 306.7 304.7 10

11 Corporate and foreign bonds 81.2 123.7 161.9 163.0 170.7 183.0 192.4 184.9 185.9 180.0 183.8 11

12 Miscellaneous assets 67.7 90.4 102.5 128.6 121.6 115.8 117.4 130.6 137.0 137.4 134.4 12

13 Total shares outstanding (liabilities) 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.1 2058.0 2016.0 1971.9 1912.3 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Mutual Funds (1)

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

 1 Total financial assets 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4901.2 4969.7 1

 2 Security RPs 70.9 80.8 106.5 74.8 81.5 81.4 82.3 83.5 94.0 88.5 91.9 2

 3 Credit market instruments 1028.4 1076.8 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1552.6 1555.5 3

 4 Open market paper 70.9 80.8 106.5 74.8 63.0 62.8 63.9 65.2 75.8 70.4 73.7 4

 5 Treasury securities 141.0 117.3 123.6 115.1 134.7 142.8 152.2 147.2 144.1 149.0 148.4 5

 6 Agency- and GSE-backed securities 234.9 271.1 275.2 360.5 422.0 435.0 451.9 444.4 447.3 462.5 460.7 6

 7 Municipal securities 242.6 239.4 230.5 253.4 277.3 282.8 292.3 289.8 290.2 295.6 288.8 7

 8 Corporate and foreign bonds 339.0 368.2 361.9 420.1 470.9 492.1 520.6 531.9 548.3 575.1 583.8 8

 9 Corporate equities 2506.2 3376.7 3227.3 2836.1 2188.0 2089.1 2506.6 2677.5 3051.6 3257.0 3319.2 9

10 Miscellaneous assets 7.7 4.2 3.8 0.8 0.9 1.7 1.7 3.1 1.9 3.1 3.1 10

11 Total shares outstanding (liabilities) 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4901.2 4969.7 11

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.124 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 148.8 152.1 141.9 139.5 150.8 157.5 178.2 194.4 205.6 221.2 229.1 1

 2 Credit market instruments 101.2 110.8 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.5 161.2 2

 3 Treasury securities 8.8 7.6 6.7 6.7 3.9 4.0 4.7 5.1 5.3 6.7 7.2 3

 4 Municipal securities 60.7 69.7 67.7 74.7 86.0 87.1 86.7 88.8 89.3 88.8 90.2 4

 5 Corporate and foreign bonds 31.8 33.5 30.9 27.1 27.1 32.5 47.2 55.4 58.7 60.0 63.7 5

 6 Corporate equities 47.6 41.3 36.6 31.1 33.7 33.9 39.6 45.1 52.3 65.8 67.9 6

 7 Total shares outstanding (liabilities) 148.8 152.1 141.9 139.5 150.8 157.5 178.2 194.4 205.6 221.2 229.1 7

 Exchange-traded funds

 8 Total financial assets 15.6 33.9 65.6 83.0 102.0 100.6 121.3 119.5 150.8 161.3 178.4 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 6.6 9

10 Treasury securities 0.0 0.0 0.0 0.0 2.0 1.5 1.3 1.8 2.1 3.0 3.7 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 1.8 1.9 2.3 2.2 2.4 2.8 2.9 11

12 Corporate equities 15.6 33.9 65.6 83.0 98.2 97.2 117.7 115.5 146.3 155.6 171.8 12

13 Total shares outstanding (liabilities) 15.6 33.9 65.6 83.0 102.0 100.6 121.3 119.5 150.8 161.3 178.4 13
78 Z.1, September 16, 2004

L.125 Government-Sponsored Enterprises (GSEs) (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1405.8 1723.2 1965.0 2309.4 2549.4 2602.3 2651.6 2758.8 2774.8 2788.6 2833.4 1

 2 Checkable deposits and currency 5.0 12.1 4.4 6.7 14.8 18.1 13.6 12.3 12.4 13.9 14.7 2

 3 Time and savings deposits 4.7 10.0 22.2 30.3 25.3 23.1 27.2 18.6 16.7 21.7 27.9 3

 4 Federal funds and security RPs 77.0 89.7 80.6 104.4 95.3 78.8 90.0 72.7 73.3 77.6 65.9 4

 5 Credit market instruments 1251.5 1538.8 1794.4 2099.1 2323.2 2376.9 2401.3 2550.2 2565.0 2557.5 2608.9 5

 6 Open market paper 56.2 23.9 31.1 33.8 10.4 11.1 9.1 8.4 9.7 10.4 10.0 6

 7 Treasury securities 25.2 30.9 13.3 13.6 25.7 25.2 25.4 23.9 23.6 23.7 24.5 7

 8 Agency- and GSE-backed securities 482.7 655.6 810.9 1017.8 1149.5 1167.5 1153.4 1261.0 1246.8 1221.3 1228.5 8

 9 Municipal securities 19.2 22.7 29.2 35.4 39.4 38.9 38.8 40.4 41.3 42.6 45.8 9

10 Corporate and foreign bonds 68.7 97.5 131.1 155.7 189.3 197.1 198.1 205.2 214.4 214.7 226.7 10

11 Other loans and advances 324.2 432.3 477.6 505.9 514.7 519.9 529.2 533.1 545.8 561.2 601.5 11

12 Sallie Mae 1.1 0.8 0.8 0.8 0.4 0.4 0.4 0.4 0.3 0.3 0.2 12

13 Farm Credit System 34.9 35.8 38.9 41.8 43.8 43.1 42.8 42.5 43.8 44.3 43.2 13

14 FHLB 288.2 395.7 437.9 463.3 470.5 476.3 486.0 490.3 501.7 516.6 558.1 14

15 Mortgages 247.0 242.0 264.3 297.5 357.3 381.9 416.0 451.1 462.8 467.6 469.7 15

16 Home 199.6 189.3 205.1 225.6 271.1 293.8 324.5 359.6 369.6 372.4 371.5 16

17 Multifamily residential 16.2 20.5 25.0 33.2 41.7 42.9 44.8 44.6 45.9 47.1 49.2 17

18 Farm 31.2 32.2 34.2 38.7 44.5 45.2 46.6 47.0 47.4 48.0 49.0 18

19 Consumer credit (2) 28.4 33.8 37.0 39.4 36.9 35.3 31.3 27.2 20.6 16.0 2.2 19

20 Miscellaneous assets 67.6 72.5 63.4 68.9 90.9 105.3 119.6 104.9 107.3 118.0 116.1 20

21 Total liabilities 1371.0 1684.3 1920.5 2272.0 2519.6 2575.0 2621.9 2729.6 2736.7 2752.4 2788.1 21

22 Credit market instruments 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 22

23 GSE issues (3) 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 23

24 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Miscellaneous liabilities 95.6 90.1 94.0 141.5 169.2 168.9 167.9 160.5 142.5 153.8 130.8 25

(1) Federal Home Loan Banks, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing

 Corporation, the Resolution Funding Corporation, and the Student Loan Marketing Association (Sallie Mae), which is a subsidiary of SLM Corporation, a private company chartered in 1997.

(2) SLMA student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

L.126 Agency- and GSE-backed Mortgage Pools (1)

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

 1 Total financial assets 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 1

 2 Home mortgages 1970.2 2234.7 2425.6 2748.5 3063.7 3129.7 3189.9 3265.4 3373.3 3394.0 3403.1 2

 3 Multifamily residential mortgages 48.3 57.5 66.0 81.6 94.5 96.6 98.9 104.9 114.7 111.4 115.8 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.5 1.3 1.6 1.7 0.4 0.3 0.3 1.0 1.0 1.0 1.0 5

 6 Total pool securities (liabilities)(2) 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 6

(1) GNMA, FNMA, FHLMC, FAMC, and Farmers Home Administration pools. 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.
Z.1, September 16, 2004 79

L.127 Issuers of Asset-Backed Securities (ABSs)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1352.6 1547.1 1737.2 1990.9 2185.5 2240.4 2301.1 2337.4 2386.8 2410.3 2487.3 1

 2 Agency- and GSE-backed securities (1) 193.5 230.3 238.6 252.8 299.4 290.4 294.9 322.5 308.2 272.5 264.9 2

 3 Other loans and advances 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 101.9 3

 4 Mortgages (2) 517.9 598.7 667.4 784.3 874.4 922.2 974.0 999.9 1058.9 1128.5 1210.6 4

 5 Home 360.6 399.4 432.8 505.0 563.2 606.3 642.2 656.4 696.1 754.7 818.6 5

 6 Multifamily residential 33.9 42.0 47.5 53.5 59.0 59.6 61.7 63.7 67.1 69.0 70.5 6

 7 Commercial 123.4 157.3 187.1 225.7 252.1 256.2 270.1 279.8 295.7 304.8 321.5 7

 8 Consumer credit 389.4 448.4 521.3 599.7 637.1 640.2 643.3 626.6 625.0 612.3 609.6 8

 9 Trade receivables 165.9 187.0 220.0 245.9 269.7 275.2 280.5 285.7 290.8 295.7 300.4 9

10 Total liabilities 1365.3 1556.8 1743.8 1997.8 2191.2 2246.6 2307.1 2343.2 2392.3 2415.6 2492.4 10

11 Commercial paper 381.8 520.8 645.8 765.8 752.8 728.3 719.8 731.0 717.3 710.1 698.3 11

12 Corporate bonds 983.5 1036.0 1097.9 1231.9 1438.4 1518.3 1587.3 1612.1 1675.1 1705.5 1794.1 12

 Memo:

 Securitized assets not included above

13 Consumer leases (3) 12.7 9.7 6.6 6.8 5.7 6.2 6.0 5.7 5.5 5.3 5.1 13

14 REIT assets (4) 13.9 12.9 10.7 9.5 15.6 16.5 19.7 25.6 30.6 36.0 42.3 14

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(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 tangible asset.

(4) Included in table L.130.

L.128 Finance Companies (1)

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

 1 Total financial assets 852.7 1003.5 1140.1 1158.9 1192.6 1190.5 1246.8 1336.4 1382.6 1399.9 1385.6 1

 2 Checkable deposits and currency 22.8 25.3 27.9 30.8 33.8 34.6 35.4 36.2 37.1 37.9 38.8 2

 3 Credit market instruments 645.5 742.6 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.2 1009.3 3

 4 Other loans and advances 340.9 395.1 458.4 447.0 455.3 453.9 455.8 445.6 457.5 475.6 471.3 4

 5 Mortgages 121.2 145.8 172.3 161.3 174.5 173.9 183.4 194.7 198.9 206.2 213.3 5

 6 Consumer credit 183.3 201.6 220.5 238.1 237.8 233.2 244.3 284.0 295.4 307.4 324.7 6

 7 Miscellaneous assets 184.4 235.7 261.0 281.8 291.3 294.9 327.9 375.9 393.7 372.7 337.6 7

 8 Total liabilities 856.6 995.3 1161.4 1182.7 1246.9 1245.8 1325.4 1415.3 1467.6 1504.7 1502.7 8

 9 Credit market instruments 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 958.1 962.2 9

10 Open market paper 233.3 230.4 238.8 158.6 141.5 127.3 145.3 132.9 136.3 138.6 140.6 10

11 Corporate bonds 365.6 430.3 503.2 569.9 631.9 645.4 672.5 705.8 746.2 759.7 768.9 11

12 Bank loans n.e.c. 26.5 35.4 35.9 50.8 48.0 47.3 53.2 57.6 56.2 59.8 52.6 12

13 Taxes payable 7.3 8.1 9.1 10.2 11.6 12.0 12.4 12.8 13.2 13.6 14.1 13

14 Miscellaneous liabilities 223.8 291.1 374.3 393.2 413.9 413.8 442.1 506.2 515.7 533.0 526.4 14

15 Foreign direct investment in U.S. 37.2 48.6 63.2 68.6 60.1 77.0 78.1 81.0 64.9 66.4 71.7 15

16 Investment by parent 34.3 87.8 102.5 99.2 88.2 87.2 96.0 95.8 99.8 104.8 107.9 16

17 Other 152.3 154.6 208.5 225.4 265.6 249.6 267.9 329.4 351.1 361.7 346.8 17

 Memo:

18 Consumer leases not included above (2) 96.6 102.9 108.2 103.5 83.3 81.8 76.7 75.4 70.0 66.6 65.0 18

(1) Includes retail captive finance companies.

(2) See footnote (3), table L.127.
80 Z.1, September 16, 2004

L.129 Mortgage Companies (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 1

 2 Home mortgages 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 2

 3 Multifamily residential mortgages 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Commercial mortgages 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 4

 5 Total liabilities 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 5

 6 Bank loans n.e.c. 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 6

 7 Investment by parent 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 7

(1) No data are available after 1997:Q4.

L.130 Real Estate Investment Trusts (REITs)

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

 1 Total financial assets 70.7 68.4 62.1 70.2 92.8 92.8 101.0 108.0 114.3 133.2 143.1 1

 2 Checkable deposits and currency 4.1 4.4 4.3 5.2 4.6 5.8 5.7 7.2 7.4 7.8 8.8 2

 3 Credit market instruments 45.5 42.9 35.8 42.5 65.6 63.5 71.2 75.9 82.4 96.8 104.7 3

 4 Agency- and GSE-backed securities 13.1 14.2 14.5 20.2 28.3 24.5 26.3 22.4 23.0 29.3 27.9 4

 5 Corporate and foreign bonds 6.1 5.7 4.9 7.0 11.7 12.5 11.4 13.4 13.9 16.0 16.7 5

 6 Mortgages 26.3 23.0 16.3 15.2 25.7 26.5 33.5 40.1 45.5 51.5 60.2 6

 7 Home 14.8 12.4 7.9 7.9 17.4 18.4 25.3 31.6 36.4 41.2 49.3 7

 8 Multifamily residential 2.1 1.6 1.2 0.9 0.8 0.8 0.8 0.7 0.8 1.1 1.2 8

 9 Commercial 9.4 9.0 7.3 6.4 7.5 7.3 7.5 7.8 8.3 9.2 9.7 9

10 Miscellaneous assets 21.2 21.1 22.0 22.5 22.6 23.5 24.1 25.0 24.4 28.6 29.6 10

11 Total liabilities 205.6 216.8 217.5 227.8 262.4 263.6 271.8 278.6 286.5 308.8 321.8 11

12 Security RPs 15.1 15.7 11.9 19.7 33.2 30.4 35.0 33.4 34.5 40.3 43.2 12

13 Credit market instruments 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 214.7 228.7 239.9 13

14 Open market paper 0.2 0.1 0.2 0.8 0.9 1.3 0.4 0.7 0.4 0.0 0.0 14

15 Corporate bonds 53.4 62.2 67.0 70.8 84.9 89.3 93.6 100.4 106.2 116.3 122.5 15

16 Bank loans n.e.c. 33.6 26.0 17.7 14.4 14.1 14.5 13.5 13.7 14.2 13.9 15.5 16

17 Mortgages 71.6 76.7 82.9 84.2 90.1 89.2 90.1 92.0 93.9 98.5 101.8 17

18 Miscellaneous liabilities 31.6 36.0 37.8 37.9 39.2 38.8 39.3 38.4 37.2 39.8 38.8 18

 Memo:

19 Securitized assets included above 13.9 12.9 10.7 9.5 15.6 16.5 19.7 25.6 30.6 36.0 42.3 19

20 Agency- and GSE-backed securities 5.0 3.7 3.5 2.6 1.3 1.0 0.7 0.4 0.3 0.2 0.2 20

21 Home mortgages 7.5 7.6 6.7 6.5 13.8 15.1 18.6 24.8 30.0 35.5 41.9 21

22 Multifamily residential mortgages 0.8 0.9 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 22

23 Commercial mortgages 0.6 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 23
Z.1, September 16, 2004 81

L.131 Security Brokers and Dealers

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 921.2 1001.0 1221.4 1465.6 1335.4 1385.5 1512.1 1560.7 1613.0 1728.8 1675.5 1

 2 Checkable deposits and currency 25.4 28.7 30.3 47.1 44.2 44.2 43.6 43.9 47.2 53.0 53.1 2

 3 Credit market instruments 189.4 154.7 223.6 316.0 344.4 390.9 341.1 375.0 424.1 410.6 332.5 3

 4 Open market paper 28.0 26.0 39.2 48.2 43.5 46.7 41.9 46.1 49.4 49.5 48.9 4

 5 Treasury securities 15.8 -42.6 -3.3 9.8 -3.9 17.5 -63.2 8.1 37.8 15.9 -75.1 5

 6 Agency- and GSE-backed securities 50.9 66.0 63.7 77.8 91.8 128.1 139.4 85.8 83.7 93.8 86.3 6

 7 Municipal securities 13.1 11.9 11.3 19.0 21.0 19.2 22.1 24.1 24.9 25.3 30.3 7

 8 Corporate and foreign bonds 81.4 93.4 112.7 161.3 192.0 179.4 201.0 210.8 228.4 226.1 242.1 8

 9 Corporate equities 54.4 66.9 77.2 85.1 74.9 67.7 87.6 86.8 100.5 113.8 118.2 9

10 Security credit 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 215.6 10

11 Miscellaneous assets 499.3 522.8 655.1 821.0 723.7 723.2 791.3 827.5 858.8 950.3 956.1 11

12 Total liabilities 866.8 935.8 1151.4 1440.8 1314.7 1362.3 1485.9 1529.3 1582.8 1696.1 1643.7 12

13 Security RPs (net) 208.2 245.2 302.2 353.2 344.2 335.2 358.0 411.4 477.9 494.9 408.3 13

14 Corporate bonds 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.7 14

15 Trade payables 18.9 30.9 35.9 39.2 37.4 28.5 35.3 32.5 28.2 34.6 32.0 15

16 Security credit 419.5 448.7 587.6 629.5 590.6 637.1 723.4 712.6 688.8 752.1 763.1 16

17 Customer credit balances (HH) 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 526.3 17

18 From banks 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 18

19 Taxes payable 1.3 2.2 2.1 1.9 1.3 1.6 1.9 2.0 1.8 1.9 2.0 19

20 Miscellaneous liabilities 176.4 183.6 182.7 374.6 300.5 309.7 321.1 322.2 339.2 352.6 377.6 20

21 Foreign direct investment in U.S. 10.7 13.9 20.1 72.2 77.4 76.9 78.9 78.5 80.2 79.8 80.1 21

22 Due to affiliates 353.5 415.5 475.7 538.6 558.5 584.6 582.1 584.3 602.8 605.6 651.7 22

23 Other -187.8 -245.8 -313.1 -236.1 -335.4 -351.9 -339.9 -340.6 -343.8 -332.8 -354.2 23

L.132 Funding Corporations (1)

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

 1 Total financial assets 765.3 997.6 1111.4 1146.3 1121.3 1142.2 1143.6 1170.5 1173.8 1214.5 1241.9 1

 2 Money market fund shares 215.4 270.2 284.0 401.9 403.4 362.9 389.9 402.8 365.2 354.0 369.5 2

 3 Credit market instruments 201.2 304.3 328.8 244.4 177.7 225.9 221.5 247.2 263.9 311.8 306.7 3

 4 Open market paper 163.7 270.5 303.9 173.6 106.3 138.2 122.4 134.0 137.6 197.8 188.4 4

 5 Corporate and foreign bonds 37.6 33.8 24.9 70.8 71.4 87.7 99.1 113.1 126.3 114.0 118.3 5

 6 Miscellaneous assets (2) 348.7 423.1 498.6 500.0 540.2 553.4 532.2 520.5 544.6 548.8 565.7 6

 7 Investment in foreign banking offices 90.6 93.0 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 137.4 7

 8 Investment in brokers and dealers 258.2 330.1 359.9 392.2 407.6 425.1 407.4 402.2 413.8 390.8 428.3 8

 9 Total liabilities 765.3 997.6 1111.4 1146.3 1121.3 1142.2 1143.6 1170.5 1173.8 1214.5 1241.9 9

10 Credit market instruments 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 456.1 441.4 10

11 Open market paper 234.4 268.5 266.2 188.8 157.7 170.2 126.9 115.9 141.5 145.3 133.1 11

12 Corporate bonds 178.2 235.5 237.5 259.7 290.1 292.6 299.9 300.7 305.5 310.8 308.3 12

13 Miscellaneous liabilities 352.7 493.6 607.8 697.8 673.5 679.5 716.8 753.9 726.8 758.4 800.4 13

14 Foreign direct investment in U.S. -63.9 -80.9 -5.1 51.6 92.3 90.6 105.4 104.0 97.6 92.7 124.2 14

15 Securities loaned (net) 403.3 419.5 508.2 578.3 575.4 567.7 628.9 672.7 678.0 758.9 753.8 15

16 Other 13.4 154.9 104.7 68.0 5.7 21.1 -17.5 -22.7 -48.8 -93.2 -77.6 16

(1) Funding subsidiaries, nonbank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations.

(2) Due from affiliated companies.
82 Z.1, September 16, 2004

L.200 Gold and Official Foreign Exchange Holdings (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total U.S. reserves 81.8 71.5 67.6 68.7 79.0 80.0 81.7 84.4 85.9 85.2 82.7 1

 2 U.S. gold stock and SDRs 21.6 21.4 21.6 21.8 23.2 22.4 22.8 23.1 23.7 23.7 23.7 2

 3 Federal govt.: Exchange Stab. Fund 10.6 10.3 10.5 10.8 12.2 11.4 11.7 12.1 12.6 12.7 12.7 3

 4 Monetary authority (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 4

 5 U.S. foreign exchange position 60.1 50.1 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 58.9 5

 6 Official foreign currency holdings 36.0 32.2 31.2 29.0 33.8 34.8 35.7 37.3 39.7 39.8 38.9 6

 7 Treasury 16.2 16.0 15.6 14.4 16.9 17.4 17.8 18.6 19.9 19.9 19.4 7

 8 Monetary authority 19.8 16.1 15.7 14.6 16.9 17.4 17.8 18.6 19.9 19.9 19.4 8

 9 Net IMF position 24.1 18.0 14.8 17.9 22.0 22.9 23.2 24.1 22.5 21.6 20.1 9

10 Federal government 24.2 18.0 14.9 17.9 22.1 23.0 23.3 24.2 22.6 21.7 20.2 10

11 Monetary authority -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of

 foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows.

(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

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

 SDR certificates:

 1 Liab: Federal government 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 1

 2 Asset: Monetary authority 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2

 Treasury currency:

 3 Liab: Federal government 19.9 20.9 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 26.5 3

 4 Asset: Monetary authority 26.3 28.0 31.6 33.0 34.6 34.8 35.1 35.3 35.5 35.8 36.0 4

 5 Discrepancy (seigniorage) -6.4 -7.1 -8.5 -8.6 -9.1 -9.2 -9.1 -9.3 -9.5 -9.6 -9.5 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 627.6 676.5 803.4 810.1 831.1 839.8 875.6 799.1 831.1 864.2 852.4 1

 Held by:

 2 Household sector 38.3 43.5 63.5 58.5 74.2 80.7 74.8 70.3 65.2 84.9 90.1 2

 3 Nonfinancial corporate business 30.5 31.5 24.0 15.5 20.0 25.0 29.5 35.5 41.4 44.6 48.0 3

 4 Money market mutual funds 30.6 42.9 91.1 124.2 114.1 101.1 88.6 82.4 74.2 73.2 88.8 4

 5 Discrepancy--unallocated assets 528.1 558.6 624.7 611.9 622.9 633.1 682.6 610.9 650.4 661.5 625.5 5
Z.1, September 16, 2004 83

L.203 Net Interbank Transactions

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 189.4 202.4 221.2 191.4 205.9 175.5 123.8 163.7 202.9 116.0 129.8 1

 2 Monetary authority 68.4 90.6 63.4 64.8 70.4 65.3 67.3 69.5 71.0 65.9 73.0 2

 3 Depository institution reserves 26.3 24.0 19.0 17.5 22.5 26.8 27.7 29.1 23.1 25.0 29.6 3

 4 Vault cash 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 4

 5 Commercial banking 121.0 111.8 157.8 126.6 135.5 110.2 56.5 94.2 131.9 50.0 56.8 5

 6 To monetary authority 1.7 -0.0 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 0.5 6

 7 To banks in foreign countries, net 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 31.9 7

 8 Liabilities, net 156.7 149.8 171.6 127.3 141.1 110.2 64.9 99.4 138.7 55.8 54.4 8

 9 U.S.-chartered commercial banks 85.1 133.5 179.3 167.0 213.1 212.1 209.5 254.2 302.9 278.9 311.2 9

10 Due to foreign affiliates 196.7 226.7 302.0 324.8 323.9 342.5 407.4 423.2 447.7 437.0 461.7 10

11 - Due from foreign affiliates 111.6 93.2 122.7 157.8 110.8 130.4 197.9 169.1 144.7 158.1 150.5 11

12 Foreign banking offices in U.S. 92.9 41.7 -14.8 -50.2 -83.0 -103.7 -111.6 -121.8 -130.5 -188.6 -226.0 12

13 Due to foreign affiliates 133.0 147.9 133.6 163.3 176.2 202.3 248.9 224.7 195.8 200.6 197.6 13

14 - Due from foreign affiliates 40.1 106.2 148.4 213.5 259.3 306.0 360.5 346.5 326.3 389.2 423.6 14

15 Bank holding companies -21.3 -25.4 7.1 10.4 11.1 1.8 -32.9 -33.0 -33.8 -34.5 -30.8 15

16 Due to foreign affiliates 2.9 8.3 39.3 51.4 53.4 44.0 13.2 12.3 13.2 13.9 14.7 16

17 - Due from foreign affiliates 24.2 33.8 32.2 41.0 42.4 42.2 46.2 45.3 47.0 48.4 45.4 17

18 Less: Deposits at foreign banks 10.8 9.5 10.5 11.8 21.4 18.1 15.4 23.0 18.5 19.9 22.5 18

19 U.S. chartered commercial banks 10.6 9.4 9.8 11.1 21.3 18.0 15.2 22.6 18.3 19.7 22.3 19

20 Foreign banking offices in U.S. 0.2 0.2 0.7 0.7 0.1 0.1 0.2 0.4 0.1 0.2 0.2 20

21 To U.S. banking, net -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 24.4 21

22 U.S.-chartered commercial banks -50.9 -67.3 -33.0 -17.8 0.2 -15.2 -61.5 -57.8 -65.2 -75.0 -73.4 22

23 Liabilities 30.2 44.4 59.4 59.6 75.8 78.6 79.8 86.9 73.6 83.3 96.5 23

24 To foreign offices in U.S. 55.8 72.2 63.1 47.9 58.8 58.0 71.4 67.5 60.0 67.0 70.3 24

25 To bank holding companies 0.9 0.6 0.6 0.7 1.7 1.2 1.6 1.3 1.6 1.7 1.7 25

26 Unallocated -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 24.4 26

 Less, due from:

27 Foreign offices in U.S. 56.3 78.9 86.0 89.5 90.3 100.8 104.4 105.1 97.9 116.8 131.0 27

28 Bank holding companies 24.8 32.8 6.4 -12.1 -14.7 -7.1 36.9 39.6 41.0 41.6 38.9 28

29 Foreign banking offices in U.S. 0.4 6.7 22.9 41.6 31.5 42.7 33.0 37.6 37.8 49.8 60.6 29

30 Due to U.S. banks 56.3 78.9 86.0 89.5 90.3 100.8 104.4 105.1 97.9 116.8 131.0 30

31 - Due from U.S. banks 55.8 72.2 63.1 47.9 58.8 58.0 71.4 67.5 60.0 67.0 70.3 31

32 Bank holding companies 23.9 32.1 5.8 -12.8 -16.4 -8.2 35.3 38.3 39.4 39.9 37.2 32

33 Due to U.S. banks 24.8 32.8 6.4 -12.1 -14.7 -7.1 36.9 39.6 41.0 41.6 38.9 33

34 - Due from U.S. banks 0.9 0.6 0.6 0.7 1.7 1.2 1.6 1.3 1.6 1.7 1.7 34

35 Total assets 215.9 230.8 225.5 180.3 190.5 156.2 117.0 145.6 190.9 101.3 105.4 35

36 Rest of the world 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 31.9 36

37 Domestic 70.0 90.6 64.4 64.8 70.8 64.1 67.5 69.2 70.7 65.4 73.5 37

38 Monetary authority 1.7 -0.0 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 0.5 38

39 Federal Reserve float 1.6 -0.2 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 0.2 39

40 Loans to member banks 0.0 0.2 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 0.3 40

41 Commercial banking 66.5 85.9 61.8 62.5 67.4 62.5 64.5 66.1 67.1 60.9 66.8 41

42 Reserves at Federal Reserve 24.4 19.3 17.4 15.2 19.5 24.0 25.0 25.7 19.1 19.9 23.4 42

43 Vault cash 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 43

44 Savings insts.: Reserves at Fed. Res. 1.9 4.7 1.7 2.3 3.0 2.8 2.7 3.4 3.9 5.1 6.3 44

45 Discrepancy--floats, etc. -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 24.4 45
84 Z.1, September 16, 2004

L.204 Checkable Deposits and Currency

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1333.3 1484.5 1413.1 1603.2 1646.7 1645.3 1712.2 1707.2 1780.6 1791.8 1847.9 1

 2 Monetary authority 481.8 590.4 555.2 603.1 644.6 654.7 662.1 665.5 682.5 681.5 696.4 2

 3 Federal government cash and deposits 6.2 28.5 5.6 7.1 4.8 7.1 7.3 7.6 6.0 6.3 6.3 3

 4 Deposits due to foreign 0.2 0.1 0.3 0.1 0.1 0.3 1.0 0.1 0.2 0.1 0.3 4

 5 Currency outside banks 475.4 561.8 549.3 596.0 639.7 647.3 653.8 657.8 676.3 675.2 689.7 5

 6 Commercial banking 622.9 626.4 540.9 628.8 571.5 540.5 584.3 563.1 602.4 597.0 621.5 6

 7 Federal government deposits 13.2 49.6 16.4 47.5 31.1 8.5 26.7 29.8 30.2 17.5 40.6 7

 8 Deposits due to foreign 28.6 28.6 30.7 25.8 25.2 26.9 41.3 32.7 33.2 36.3 47.9 8

 9 Private domestic deposits 581.1 548.2 493.8 555.6 515.3 505.1 516.3 500.6 539.0 543.2 533.1 9

10 Savings institutions 185.6 222.3 265.8 316.5 370.9 384.2 399.5 413.9 428.3 443.0 459.5 10

11 Credit unions 43.0 45.4 51.3 54.7 59.7 65.9 66.4 64.8 67.4 70.3 70.4 11

12 Total assets 1333.3 1484.5 1413.1 1603.2 1646.7 1645.3 1712.2 1707.2 1780.6 1791.8 1847.9 12

13 Household sector 421.9 364.3 232.3 335.3 358.7 356.3 345.7 299.3 316.3 351.3 351.8 13

14 Nonfinancial business 472.5 567.8 674.9 626.5 620.8 607.2 647.1 704.0 734.1 720.5 723.3 14

15 Corporate 275.0 331.0 381.4 331.9 313.0 297.2 333.6 387.3 415.3 401.3 404.4 15

16 Nonfarm noncorporate 178.9 217.6 274.1 274.5 287.3 289.6 293.0 296.2 298.2 298.6 298.3 16

17 Farm 18.6 19.2 19.4 20.1 20.5 20.5 20.5 20.5 20.6 20.6 20.6 17

18 State and local governments 28.3 32.2 33.2 38.2 46.7 44.9 48.9 48.9 55.2 53.2 47.4 18

19 Federal government 23.2 87.9 24.3 66.9 47.5 23.3 41.8 53.3 54.1 22.7 46.8 19

20 Rest of the world 257.1 279.4 286.9 305.7 326.6 333.4 349.9 343.2 351.3 352.6 373.0 20

21 Checkable deposits 28.8 28.7 30.9 25.9 25.3 27.2 42.3 32.8 33.4 36.5 48.2 21

22 Currency 228.3 250.7 256.0 279.8 301.3 306.2 307.7 310.4 317.9 316.1 324.9 22

23 Financial sectors 111.1 140.4 141.9 221.4 237.2 271.1 266.5 261.8 266.6 273.0 284.0 23

24 Commercial banking 2.0 2.2 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2.7 24

25 Savings institutions 18.4 17.4 19.0 21.0 24.7 23.9 27.4 25.9 24.3 25.0 28.2 25

26 Credit unions 9.1 26.4 26.7 36.8 38.4 54.8 52.4 45.6 41.5 50.4 39.8 26

27 Bank personal trusts and estates 0.3 0.3 0.2 0.7 0.0 0.1 0.2 0.3 0.4 0.5 0.6 27

28 Life insurance companies 5.4 5.5 5.0 36.8 35.3 43.8 44.4 46.8 47.3 46.3 50.0 28

29 Other insurance companies 4.0 4.3 3.7 13.1 25.9 30.2 36.1 35.1 34.6 31.1 30.3 29

30 Private pension funds 5.7 6.9 7.3 6.3 6.8 6.9 7.2 7.2 7.0 6.9 7.0 30

31 State and local govt. retirement funds 10.0 9.2 9.1 9.5 7.7 7.4 5.5 5.5 7.0 7.8 8.9 31

32 Money market mutual funds -1.0 -2.2 2.2 4.6 -1.3 -1.7 -8.1 -6.5 -1.9 -10.7 1.1 32

33 Government-sponsored enterprises 5.0 12.1 4.4 6.7 14.8 18.1 13.6 12.3 12.4 13.9 14.7 33

34 Finance companies 22.8 25.3 27.9 30.8 33.8 34.6 35.4 36.2 37.1 37.9 38.8 34

35 REITs 4.1 4.4 4.3 5.2 4.6 5.8 5.7 7.2 7.4 7.8 8.8 35

36 Brokers and dealers 25.4 28.7 30.3 47.1 44.2 44.2 43.6 43.9 47.2 53.0 53.1 36

37 Mail float 19.3 12.5 19.7 9.2 9.2 9.0 12.2 -3.2 2.9 18.5 21.5 37
Z.1, September 16, 2004 85

L.205 Time and Savings Deposits 

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 3431.8 3608.0 3912.9 4248.8 4569.7 4711.0 4797.2 4822.7 4861.1 5053.7 5173.2 1

 2 Small time and savings deposits 2626.5 2671.6 2860.4 3127.6 3398.5 3502.2 3575.0 3600.9 3627.9 3721.5 3793.8 2

 3 Commercial banking 1945.2 2017.1 2228.7 2478.1 2747.6 2833.2 2913.4 2935.1 2977.9 3079.1 3148.6 3

 4 U.S.-chartered commercial banks 1924.4 1997.4 2208.0 2448.3 2722.0 2808.5 2888.4 2908.8 2950.2 3050.4 3119.9 4

 5 Foreign banking offices in U.S. 9.4 7.5 7.2 11.6 9.4 8.7 8.9 9.7 10.3 11.2 10.8 5

 6 Banks in U.S.-affiliated areas 11.4 12.2 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 6

 7 Savings institutions 393.9 354.7 318.9 288.2 256.5 251.8 238.0 240.9 226.0 218.5 205.6 7

 8 Credit unions 287.5 299.8 312.7 361.3 394.4 417.1 423.6 424.9 424.0 423.8 439.6 8

 9 Large time deposits (1) 805.3 936.4 1052.6 1121.1 1171.3 1208.8 1222.2 1221.8 1233.2 1332.2 1379.4 9

10 Commercial banking 673.1 792.6 885.4 918.1 915.3 940.3 934.5 933.3 934.1 992.3 1032.1 10

11 U.S.-chartered commercial banks 404.1 465.7 553.6 528.4 552.7 569.1 572.5 569.7 555.7 575.2 596.0 11

12 Foreign banking offices in U.S. 257.6 314.8 318.2 371.5 346.4 355.2 346.0 346.9 361.0 399.6 418.1 12

13 Banks in U.S.-affiliated areas 11.4 12.2 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 13

14 Savings institutions 113.7 122.2 142.1 168.9 213.1 224.5 237.6 238.3 245.5 285.2 290.8 14

15 Credit unions 18.5 21.6 25.1 34.1 42.8 44.1 50.1 50.3 53.6 54.7 56.5 15

16 Total assets 3431.8 3608.0 3912.9 4248.8 4569.7 4711.0 4797.2 4822.7 4861.1 5053.7 5173.2 16

17 Household sector 2680.5 2799.1 3090.9 3298.8 3582.3 3728.3 3789.0 3858.9 3907.3 4084.1 4131.7 17

18 Nonfinancial business 211.0 254.4 274.9 275.8 274.4 281.6 296.4 307.9 320.6 325.0 334.3 18

19 Corporate 112.6 136.9 137.3 131.1 127.5 135.7 149.6 160.8 172.0 177.3 186.5 19

20 Nonfarm noncorporate 98.5 117.5 137.6 144.7 146.9 145.8 146.8 147.0 148.6 147.7 147.8 20

21 State and local governments 92.3 105.7 118.7 129.9 137.6 138.5 142.0 143.8 147.2 149.0 161.8 21

22 Federal government 4.7 5.4 6.3 10.5 27.6 18.4 27.8 9.1 2.4 1.9 2.1 22

23 Rest of the world 129.0 125.9 108.7 120.6 152.3 154.6 155.9 122.3 131.2 128.7 165.4 23

24 Financial sectors 314.2 317.5 313.2 413.1 395.5 389.6 386.1 380.6 352.4 365.1 377.8 24

25 Savings institutions 1.5 1.3 1.4 2.2 2.6 2.6 2.7 2.7 2.6 3.0 3.2 25

26 Credit unions 23.4 16.6 15.5 23.0 24.5 28.7 27.6 27.3 26.4 27.5 28.7 26

27 Bank personal trusts and estates 7.8 8.7 8.9 11.7 11.1 13.3 15.4 17.6 19.8 22.0 22.1 27

28 Private pension funds 147.7 118.8 121.7 125.8 126.7 127.5 128.7 129.5 129.1 131.8 132.6 28

29 State and local govt. retirement funds 2.0 1.7 1.1 0.6 0.7 1.0 0.6 0.6 0.8 0.9 1.0 29

30 Money market mutual funds 127.0 160.4 142.4 219.5 204.6 193.4 183.8 184.4 156.9 158.2 162.2 30

31 Government-sponsored enterprises 4.7 10.0 22.2 30.3 25.3 23.1 27.2 18.6 16.7 21.7 27.9 31

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.1 2058.0 2016.0 1971.9 1912.3 1

 2 Household sector 712.9 825.0 970.7 1129.2 1088.7 1077.8 1030.3 986.7 989.0 969.8 899.7 2

 3 Nonfinancial corporate business 126.4 154.9 191.4 301.9 328.8 324.1 313.6 292.6 291.0 291.0 294.3 3

 4 Nonfarm noncorporate business 32.6 40.7 49.4 59.0 61.3 60.0 58.7 55.6 53.1 49.2 49.0 4

 5 State and local governments 22.5 27.6 34.1 53.7 56.0 54.3 51.5 46.9 46.6 45.7 43.5 5

 6 Bank personal trusts and estates 46.2 53.7 60.6 52.8 54.1 51.8 49.5 47.2 44.9 42.7 40.4 6

 7 Life insurance companies 110.4 131.8 142.3 173.3 159.8 152.7 153.4 152.3 151.4 144.2 139.6 7

 8 Private pension funds 63.4 75.1 79.6 69.0 71.8 72.5 73.2 73.9 74.7 75.4 76.2 8

 9 Funding corporations 215.4 270.2 284.0 401.9 403.4 362.9 389.9 402.8 365.2 354.0 369.5 9
86 Z.1, September 16, 2004

L.207 Federal Funds and Security Repurchase Agreements

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 913.8 1083.6 1196.8 1231.8 1336.8 1358.1 1440.8 1446.6 1559.4 1630.5 1585.1 1

 2 Commercial banking (net) 639.2 750.0 816.1 786.5 902.0 931.7 983.2 936.2 969.5 1021.3 1062.5 2

 3 U.S.-chartered commercial banks 538.4 667.0 682.4 663.9 737.4 733.8 777.3 766.3 806.0 851.2 879.6 3

 4 Foreign banking offices in U.S. 100.4 82.5 134.8 123.9 163.4 191.8 197.1 167.7 161.5 168.8 181.5 4

 5 Bank holding companies 0.4 0.5 -1.1 -1.2 1.2 6.2 8.8 2.2 2.1 1.2 1.4 5

 6 Savings institutions 51.3 72.7 66.7 72.4 57.4 60.8 64.6 65.6 77.5 74.1 71.2 6

 7 REITs 15.1 15.7 11.9 19.7 33.2 30.4 35.0 33.4 34.5 40.3 43.2 7

 8 Brokers and dealers (net) 208.2 245.2 302.2 353.2 344.2 335.2 358.0 411.4 477.9 494.9 408.3 8

 9 Total assets 678.7 809.2 804.1 888.3 973.3 1109.1 1120.5 1140.1 1218.9 1302.2 1291.1 9

10 Nonfinancial corporate business 4.2 5.8 4.2 4.0 6.2 5.8 6.2 7.3 5.8 6.9 7.1 10

11 State and local governments 154.2 151.6 159.8 137.6 132.7 133.4 136.3 137.9 140.7 144.7 140.2 11

12 Rest of the world 72.0 79.9 91.3 150.7 190.1 360.5 364.6 420.3 462.9 530.7 552.0 12

13 Financial sectors 448.4 571.8 548.8 596.0 644.3 609.4 613.4 574.7 609.6 619.8 591.8 13

14 Monetary authority 30.4 140.6 43.4 50.3 39.5 31.8 31.8 37.5 43.8 27.5 33.5 14

15 Savings institutions 14.8 10.6 14.9 27.4 27.1 29.7 25.6 24.8 21.0 31.2 26.3 15

16 Credit unions 6.8 9.3 4.0 2.5 1.7 4.4 2.4 2.8 1.6 4.3 2.6 16

17 Other insurance companies 42.7 28.3 38.3 30.2 44.4 42.0 48.8 51.0 52.8 52.2 50.4 17

18 Private pension funds 28.8 32.5 33.4 34.2 36.1 35.8 35.5 35.2 35.4 34.2 35.7 18

19 State and local govt. retirement funds 37.5 40.4 44.7 45.3 45.5 43.4 38.3 38.2 36.3 35.2 31.3 19

20 Money market mutual funds 139.5 139.6 183.0 227.0 273.2 262.1 258.8 229.0 251.4 269.0 254.4 20

21 Mutual funds 70.9 80.8 106.5 74.8 81.5 81.4 82.3 83.5 94.0 88.5 91.9 21

22 Government-sponsored enterprises 77.0 89.7 80.6 104.4 95.3 78.8 90.0 72.7 73.3 77.6 65.9 22

23 Discrepancy--unallocated assets 235.0 274.4 392.8 343.5 363.5 249.0 320.3 306.4 340.5 328.4 294.0 23

L.208 Open Market Paper

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

 1 Total outstanding, all types 1172.6 1402.4 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1314.2 1

 2 Commercial paper 1161.0 1393.8 1606.1 1461.4 1370.1 1354.4 1312.5 1290.2 1288.7 1336.5 1309.7 2

 3 Nonfinancial corporate business 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 3

 4 Foreign issues in U.S. 72.9 89.2 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 183.4 4

 5 Nonfinancial 18.5 26.7 37.6 14.3 19.1 18.5 20.3 16.7 15.4 15.0 15.1 5

 6 Financial 54.4 62.5 83.3 92.4 123.7 137.1 152.8 143.7 149.6 174.9 168.3 6

 7 Financial business 895.2 1074.3 1206.7 1164.6 1101.3 1071.6 1031.9 1021.4 1037.7 1051.1 1023.8 7

 8 Commercial banking 45.4 54.5 55.7 50.6 48.3 44.6 39.6 40.9 42.3 57.1 51.7 8

 9 ABS issuers 381.8 520.8 645.8 765.8 752.8 728.3 719.8 731.0 717.3 710.1 698.3 9

10 Finance companies 233.3 230.4 238.8 158.6 141.5 127.3 145.3 132.9 136.3 138.6 140.6 10

11 REITs 0.2 0.1 0.2 0.8 0.9 1.3 0.4 0.7 0.4 0.0 0.0 11

12 Funding corporations 234.4 268.5 266.2 188.8 157.7 170.2 126.9 115.9 141.5 145.3 133.1 12

13 Bankers acceptances (1) 11.5 8.6 7.9 4.8 4.6 4.8 4.6 4.3 4.4 3.9 4.4 13

14 Holdings, by sector 1172.6 1402.4 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1314.2 14

15 Household sector 63.7 67.7 82.6 85.7 98.9 105.0 97.5 99.0 94.9 100.3 104.6 15

16 Nonfinancial corporate business 39.4 47.6 57.8 60.2 64.7 62.7 71.5 80.7 83.5 80.6 83.6 16

17 State and local governments 86.0 103.3 121.2 107.6 113.3 114.3 118.1 120.1 123.8 125.8 127.8 17

18 Rest of the world 87.1 85.8 90.1 87.5 97.8 91.3 102.0 95.2 107.7 113.9 115.5 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 1.1 1.4 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions 0.4 1.9 1.2 2.4 3.6 2.9 3.4 3.1 1.6 2.3 1.8 22

23 Bank personal trusts and estates 16.5 17.1 14.7 11.6 11.4 11.3 11.2 11.1 11.0 10.9 10.8 23

24 Life insurance companies 73.4 75.8 71.2 59.3 74.0 77.9 74.2 75.7 55.9 61.4 57.2 24

25 Private pension funds 34.3 41.3 39.6 37.4 48.3 48.1 46.2 45.9 42.3 39.8 39.9 25

26 State and local govt. retirement funds 37.5 40.4 44.7 45.3 45.5 43.4 38.3 38.2 41.3 45.2 47.3 26

27 Money market mutual funds 414.2 519.0 608.6 638.9 594.0 543.5 517.5 471.7 458.9 432.2 404.8 27

28 Mutual funds 70.9 80.8 106.5 74.8 63.0 62.8 63.9 65.2 75.8 70.4 73.7 28

29 Government-sponsored enterprises 56.2 23.9 31.1 33.8 10.4 11.1 9.1 8.4 9.7 10.4 10.0 29

30 Brokers and dealers 28.0 26.0 39.2 48.2 43.5 46.7 41.9 46.1 49.4 49.5 48.9 30

31 Funding corporations 163.7 270.5 303.9 173.6 106.3 138.2 122.4 134.0 137.6 197.8 188.4 31

(1) Excludes banks’ holdings of own acceptances.
Z.1, September 16, 2004 87

L.209 Treasury Securities

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 1

 2 Savings bonds 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 2

 3 Other Treasury issues 3537.0 3466.2 3173.0 3162.4 3414.9 3476.8 3580.8 3686.0 3804.4 3939.4 3980.8 3

 4 Total assets 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 4

 5 Household sector 747.5 833.0 621.6 510.9 373.3 415.1 486.9 460.3 455.6 415.4 435.3 5

 6 Savings bonds 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 6

 7 Other Treasury issues 560.9 646.5 436.9 320.5 178.4 218.2 287.7 258.7 251.8 211.0 230.7 7

 8 Nonfinancial corporate business 23.6 19.4 18.1 16.5 31.4 35.5 39.3 40.8 41.5 45.1 50.1 8

 9 Nonfarm noncorporate business 38.0 37.2 40.2 42.8 45.2 45.1 46.3 46.8 47.5 48.1 48.6 9

10 State and local governments 279.7 303.2 297.2 339.4 351.5 348.3 345.0 355.6 358.8 362.9 368.3 10

11 Rest of the world 1166.2 1058.4 1021.4 1063.1 1254.1 1296.2 1392.6 1462.5 1539.2 1701.8 1805.1 11

12 Monetary authority 452.1 478.0 511.7 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 12

13 Commercial banking 214.1 228.9 184.5 162.7 205.8 136.6 126.8 126.6 132.9 144.2 140.9 13

14 U.S.-chartered commercial banks 124.8 122.8 87.9 56.5 86.4 89.3 77.9 81.2 93.5 102.6 100.9 14

15 Foreign banking offices in U.S. 84.8 94.5 94.0 103.8 116.7 44.3 44.5 40.1 34.2 36.6 33.8 15

16 Bank holding companies 0.9 8.8 0.8 1.2 1.3 1.3 2.4 3.0 2.7 2.1 2.4 16

17 Banks in U.S.-affiliated areas 3.6 2.8 1.8 1.2 1.5 1.6 2.0 2.3 2.5 2.8 3.7 17

18 Savings institutions 10.2 10.1 8.7 11.4 9.2 9.2 10.0 11.2 12.2 12.2 10.8 18

19 Credit unions 13.1 9.6 8.2 7.4 7.8 7.3 8.7 9.1 8.9 8.5 9.9 19

20 Bank personal trusts and estates 17.3 17.3 16.3 11.5 11.2 11.1 11.0 10.9 10.9 10.9 10.9 20

21 Life insurance companies 71.3 62.8 58.1 53.7 78.5 77.6 76.4 74.1 71.8 73.3 74.8 21

22 Other insurance companies 70.4 60.6 52.1 52.0 61.2 61.9 62.3 63.2 64.7 67.4 69.3 22

23 Private pension funds 85.1 87.5 77.9 56.2 54.9 54.9 55.8 53.7 52.7 55.7 54.1 23

24 State and local govt. retirement funds 212.6 198.8 177.9 152.4 144.1 140.9 148.1 141.6 147.4 145.2 152.0 24

25 Federal government retirement funds 28.1 31.0 33.0 40.2 49.6 53.4 53.9 54.6 54.3 54.8 56.8 25

26 Money market mutual funds 103.6 103.8 90.4 135.7 140.2 148.2 144.3 134.2 130.2 125.7 102.4 26

27 Mutual funds 141.0 117.3 123.6 115.1 134.7 142.8 152.2 147.2 144.1 149.0 148.4 27

28 Closed-end funds 8.8 7.6 6.7 6.7 3.9 4.0 4.7 5.1 5.3 6.7 7.2 28

29 Exchange-traded funds 0.0 0.0 0.0 0.0 2.0 1.5 1.3 1.8 2.1 3.0 3.7 29

30 Government-sponsored enterprises 25.2 30.9 13.3 13.6 25.7 25.2 25.4 23.9 23.6 23.7 24.5 30

31 Brokers and dealers 15.8 -42.6 -3.3 9.8 -3.9 17.5 -63.2 8.1 37.8 15.9 -75.1 31

 Memo:

32 Federal government debt (1) 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
88 Z.1, September 16, 2004

L.210 Agency- and GSE-backed Securities (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 3322.9 3916.0 4347.0 4989.1 5536.3 5659.6 5770.1 5967.5 6108.0 6130.2 6201.3 1

 2 Budget agencies 28.5 28.3 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 24.2 2

 3 Government-sponsored enterprises 1275.4 1594.2 1826.4 2130.6 2350.4 2406.1 2454.0 2569.2 2594.1 2598.7 2657.3 3

 4 Agency- and GSE-backed mortgage pools 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 4

 5 Total assets 3322.9 3916.0 4347.0 4989.1 5536.3 5659.6 5770.1 5967.5 6108.0 6130.2 6201.3 5

 6 Household sector 288.9 362.4 405.8 328.9 219.1 200.5 156.5 345.9 485.5 397.5 440.5 6

 7 Nonfinancial corporate business 10.6 12.4 15.4 17.2 16.9 18.4 21.1 23.3 25.1 28.0 31.5 7

 8 State and local governments 152.7 196.5 198.1 253.5 256.5 258.6 266.9 271.3 279.3 281.1 283.4 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world 227.8 300.2 441.4 534.7 650.2 663.9 678.0 650.3 661.7 681.4 719.3 10

11 Monetary authority 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Commercial banking 663.2 699.6 721.8 777.4 917.9 961.2 1035.0 967.8 999.5 1094.5 1111.0 12

13 U.S.-chartered commercial banks 578.9 608.3 626.5 700.2 821.3 866.4 936.0 872.5 906.4 1001.0 1012.4 13

14 Foreign banking offices in U.S. 67.4 72.4 72.7 50.7 61.6 60.0 63.1 54.8 52.5 51.1 54.2 14

15 Bank holding companies 6.6 5.4 4.8 6.2 10.7 11.4 10.9 12.2 11.6 12.5 12.9 15

16 Banks in U.S.-affiliated areas 10.2 13.5 17.8 20.3 24.2 23.4 25.0 28.3 28.9 29.9 31.5 16

17 Savings institutions 143.7 147.1 140.4 161.4 176.2 186.1 192.4 193.3 198.7 228.5 221.3 17

18 Credit unions 58.4 61.3 60.9 80.6 97.3 107.2 116.2 125.7 115.5 120.3 121.6 18

19 Bank personal trusts and estates 39.4 45.2 45.5 35.1 34.2 33.6 32.9 32.2 31.6 31.7 31.8 19

20 Life insurance companies 217.0 224.4 235.4 253.5 330.9 338.4 345.0 346.9 348.9 357.0 365.1 20

21 Other insurance companies 69.7 75.5 84.1 94.2 113.2 113.4 113.3 113.9 115.4 120.3 123.6 21

22 Private pension funds 194.8 233.0 242.0 249.9 251.7 250.7 251.3 246.7 246.4 247.0 244.8 22

23 State and local govt. retirement funds 106.1 129.0 166.6 152.1 151.8 156.2 161.3 156.2 158.5 157.1 157.5 23

24 Federal government retirement funds 1.3 1.3 1.4 3.1 5.5 7.7 7.7 7.1 6.5 6.3 6.1 24

25 Money market mutual funds 173.8 190.9 185.2 318.4 324.1 318.1 326.8 350.9 326.2 300.0 275.7 25

26 Mutual funds 234.9 271.1 275.2 360.5 422.0 435.0 451.9 444.4 447.3 462.5 460.7 26

27 Government-sponsored enterprises 482.7 655.6 810.9 1017.8 1149.5 1167.5 1153.4 1261.0 1246.8 1221.3 1228.5 27

28 ABS issuers 193.5 230.3 238.6 252.8 299.4 290.4 294.9 322.5 308.2 272.5 264.9 28

29 REITs 13.1 14.2 14.5 20.2 28.3 24.5 26.3 22.4 23.0 29.3 27.9 29

30 Brokers and dealers 50.9 66.0 63.7 77.8 91.8 128.1 139.4 85.8 83.7 93.8 86.3 30

(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 FNMA and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, FNMA, FHLMC, 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 32.
Z.1, September 16, 2004 89

L.211 Municipal Securities and Loans

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1937.2 1977.2 1

 2 State and local governments 1128.2 1167.1 1183.6 1289.2 1432.6 1456.6 1511.4 1520.1 1550.1 1585.7 1619.0 2

 3 Short-term (1) 41.2 43.7 45.1 69.0 94.2 92.8 92.4 95.2 101.3 103.2 85.2 3

 4 Long-term 1087.1 1123.4 1138.5 1220.2 1338.4 1363.8 1418.9 1425.0 1448.8 1482.5 1533.8 4

 5 Nonprofit organizations (2) 126.9 137.3 143.0 156.9 169.8 173.6 177.3 180.6 183.9 186.7 192.3 5

 6 Nonfinancial corporate business 147.8 152.8 154.2 157.7 160.8 160.9 162.0 162.8 164.2 164.7 166.0 6

 (industrial revenue bonds)

 7 Total assets 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1937.2 1977.2 7

 8 Household sector 416.0 435.6 438.0 489.3 585.2 586.6 613.3 602.7 618.6 626.4 650.9 8

 9 Nonfinancial corporate business 25.7 25.0 31.9 29.3 32.1 32.9 34.0 38.2 40.2 41.9 45.6 9

10 Nonfarm noncorporate business 2.8 2.7 2.4 3.5 3.7 3.8 3.8 3.9 3.9 4.0 4.0 10

11 State and local governments 3.2 3.5 3.8 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 11

12 Commercial banking 104.8 110.8 114.1 120.2 121.7 123.2 127.1 131.9 132.5 133.9 137.2 12

13 Savings institutions 2.5 3.0 3.2 4.5 5.5 5.5 5.8 6.3 6.3 6.5 6.5 13

14 Bank personal trusts and estates 89.5 100.3 99.1 95.6 100.9 100.3 99.6 98.9 98.4 99.7 100.4 14

15 Life insurance companies 18.4 20.1 19.1 18.7 19.9 21.6 23.3 24.7 26.1 26.8 27.4 15

16 Other insurance companies 208.1 199.0 184.1 173.8 183.0 192.0 200.7 211.2 224.2 233.6 240.1 16

17 State and local govt. retirement funds 3.3 3.0 1.6 1.4 0.5 0.5 0.4 1.8 0.7 0.9 0.5 17

18 Money market mutual funds 193.0 210.4 244.7 281.0 282.8 292.7 298.6 296.5 297.3 306.7 304.7 18

19 Mutual funds 242.6 239.4 230.5 253.4 277.3 282.8 292.3 289.8 290.2 295.6 288.8 19

20 Closed-end funds 60.7 69.7 67.7 74.7 86.0 87.1 86.7 88.8 89.3 88.8 90.2 20

21 Government-sponsored enterprises 19.2 22.7 29.2 35.4 39.4 38.9 38.8 40.4 41.3 42.6 45.8 21

22 Brokers and dealers 13.1 11.9 11.3 19.0 21.0 19.2 22.1 24.1 24.9 25.3 30.3 22

(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).

L.212 Corporate and Foreign Bonds

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

 1 Total liabilities 4142.9 4553.3 4924.3 5510.7 5942.6 6109.5 6269.2 6360.7 6515.4 6622.1 6728.6 1

 2 Nonfinancial corporate business 1846.0 2067.7 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.3 2

 3 Rest of the world (1) 450.9 452.8 468.0 443.5 410.0 402.5 377.5 375.3 381.9 377.0 367.1 3

 4 Financial sectors 1846.0 2032.7 2226.0 2488.4 2821.5 2953.6 3064.1 3133.8 3264.2 3347.2 3462.2 4

 5 Commercial banking 220.2 240.6 273.2 310.2 332.2 352.9 359.7 361.2 379.1 389.0 402.7 5

 6 Savings institutions 2.6 2.7 6.3 3.6 3.4 4.8 4.8 5.0 5.1 6.0 5.0 6

 7 ABS issuers 983.5 1036.0 1097.9 1231.9 1438.4 1518.3 1587.3 1612.1 1675.1 1705.5 1794.1 7

 8 Finance companies 365.6 430.3 503.2 569.9 631.9 645.4 672.5 705.8 746.2 759.7 768.9 8

 9 REITs 53.4 62.2 67.0 70.8 84.9 89.3 93.6 100.4 106.2 116.3 122.5 9

10 Brokers and dealers 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.7 10

11 Funding corporations 178.2 235.5 237.5 259.7 290.1 292.6 299.9 300.7 305.5 310.8 308.3 11

12 Total assets 4142.9 4553.3 4924.3 5510.7 5942.6 6109.5 6269.2 6360.7 6515.4 6622.1 6728.6 12

13 Household sector 650.0 587.0 569.8 564.7 597.6 503.6 449.0 395.4 352.4 319.9 284.3 13

14 State and local governments 61.9 73.3 70.0 95.6 103.8 104.5 107.1 108.5 111.1 112.4 113.8 14

15 Rest of the world (2) 607.8 752.1 920.6 1115.9 1266.9 1323.4 1385.2 1439.0 1499.5 1552.7 1606.0 15

16 Commercial banking 180.9 220.5 278.6 376.4 379.1 470.9 473.6 483.7 507.1 525.4 519.2 16

17 Savings institutions 88.6 111.9 109.4 83.9 79.9 81.9 75.4 68.6 71.1 65.0 59.9 17

18 Bank personal trusts and estates 28.5 39.8 44.9 38.3 35.6 36.5 37.5 38.5 39.5 41.2 41.4 18

19 Life insurance companies 1130.4 1173.2 1222.2 1342.4 1449.3 1505.6 1558.4 1588.6 1620.2 1661.2 1701.2 19

20 Other insurance companies 171.1 181.1 187.5 196.4 198.9 203.0 206.5 211.7 218.9 228.1 234.4 20

21 Private pension funds 297.5 347.5 352.5 351.4 359.4 362.0 367.8 371.5 374.9 380.3 381.0 21

22 State and local govt. retirement funds 279.6 310.0 339.7 339.1 334.5 328.1 332.7 334.8 339.2 343.9 346.4 22

23 Federal government retirement funds 0.8 0.8 0.8 1.6 2.8 3.9 3.9 3.6 3.3 3.2 3.1 23

24 Money market mutual funds 81.2 123.7 161.9 163.0 170.7 183.0 192.4 184.9 185.9 180.0 183.8 24

25 Mutual funds 339.0 368.2 361.9 420.1 470.9 492.1 520.6 531.9 548.3 575.1 583.8 25

26 Closed-end funds 31.8 33.5 30.9 27.1 27.1 32.5 47.2 55.4 58.7 60.0 63.7 26

27 Exchange-traded funds 0.0 0.0 0.0 0.0 1.8 1.9 2.3 2.2 2.4 2.8 2.9 27

28 Government-sponsored enterprises 68.7 97.5 131.1 155.7 189.3 197.1 198.1 205.2 214.4 214.7 226.7 28

29 REITs 6.1 5.7 4.9 7.0 11.7 12.5 11.4 13.4 13.9 16.0 16.7 29

30 Brokers and dealers 81.4 93.4 112.7 161.3 192.0 179.4 201.0 210.8 228.4 226.1 242.1 30

31 Funding corporations 37.6 33.8 24.9 70.8 71.4 87.7 99.1 113.1 126.3 114.0 118.3 31

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.
90 Z.1, September 16, 2004

L.213 Corporate Equities (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Issues at market value 15547.3 19522.8 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 1

 2 Nonfinancial corporate business 11577.8 15155.6 12678.8 10796.2 7907.1 7647.5 8824.6 9050.7 10154.9 10241.4 10443.8 2

 3 Rest of the world (2) 1475.0 2003.7 1852.8 1612.7 1345.1 1269.9 1516.3 1661.0 1957.9 2051.2 2075.7 3

 4 Financial corporations 2494.5 2363.4 3095.3 2901.8 2618.8 2508.5 2937.8 3043.3 3384.2 3540.3 3463.2 4

 5 Holdings at market value 15547.3 19522.8 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 5

 6 Household sector 7120.0 9168.1 7762.6 6466.3 4853.7 4680.3 5364.4 5499.3 6146.7 6072.0 6065.5 6

 7 State and local governments 97.6 117.1 97.1 100.7 80.3 75.6 85.8 87.7 96.3 97.5 97.0 7

 8 Rest of the world (3) 1250.3 1611.5 1643.2 1572.7 1260.8 1190.2 1405.7 1437.8 1669.0 1707.6 1710.8 8

 9 Commercial banking 6.8 11.3 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 15.7 9

10 Savings institutions 24.5 23.8 24.2 27.9 29.1 29.9 30.6 31.1 30.4 28.2 27.9 10

11 Bank personal trusts and estates 360.1 407.3 356.8 280.7 181.1 170.1 192.7 194.4 213.1 218.3 220.5 11

12 Life insurance companies 683.2 909.0 891.9 811.3 708.9 704.7 806.0 837.6 919.3 956.7 975.3 12

13 Other insurance companies 200.1 207.9 194.3 173.9 152.3 147.4 162.9 167.3 182.7 188.3 190.5 13

14 Private pension funds 1947.9 2081.2 1956.1 1697.8 1288.2 1243.7 1449.3 1514.1 1709.2 1766.7 1797.0 14

15 State and local govt. retirement funds 1188.1 1407.7 1223.1 1084.0 869.8 841.9 960.0 981.8 1084.4 1102.6 1116.7 15

16 Federal government retirement funds 44.9 59.1 59.1 51.4 48.5 52.3 63.1 69.4 79.9 86.7 88.8 16

17 Mutual funds 2506.2 3376.7 3227.3 2836.1 2188.0 2089.1 2506.6 2677.5 3051.6 3257.0 3319.2 17

18 Closed-end funds 47.6 41.3 36.6 31.1 33.7 33.9 39.6 45.1 52.3 65.8 67.9 18

19 Exchange-traded funds 15.6 33.9 65.6 83.0 98.2 97.2 117.7 115.5 146.3 155.6 171.8 19

20 Brokers and dealers 54.4 66.9 77.2 85.1 74.9 67.7 87.6 86.8 100.5 113.8 118.2 20

 Memo:

21 Market value of domestic corporations (4) 13747.8 17158.0 15388.6 13316.1 10163.3 9807.9 11347.9 11669.6 13042.1 13242.2 13343.0 21

(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 9, 13, 18, 19, and 20; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

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

 1 Shares at market value 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4901.2 4969.7 1

 2 Holdings at market value 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4901.2 4969.7 2

 3 Household sector 2397.1 2987.4 2905.3 2750.8 2443.8 2431.4 2762.2 2905.5 3182.4 3391.6 3448.7 3

 4 Nonfinancial corporate business 98.0 127.0 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 122.5 4

 5 State and local governments 19.1 21.4 21.2 24.3 24.2 26.4 25.6 24.2 21.2 16.8 11.3 5

 6 Commercial banking 9.1 12.4 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 16.2 6

 7 Credit unions 3.6 2.5 2.2 3.7 3.5 3.4 4.5 5.0 4.1 4.2 3.9 7

 8 Bank personal trusts and estates 344.7 391.5 396.8 359.1 339.1 327.1 360.0 364.5 391.2 403.0 406.2 8

 9 Life insurance companies 73.2 98.7 97.0 88.3 76.6 74.6 82.5 85.4 91.7 94.3 95.0 9

10 Private pension funds 668.2 897.6 873.7 776.9 634.6 618.9 714.3 735.0 824.5 852.5 865.9 10

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
Z.1, September 16, 2004 91

L.215 Bank Loans Not Elsewhere Classified

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 Total loans by commercial

 1 banking, flow of funds basis 3304.6 3505.1 3874.8 3944.4 4163.8 4184.4 4272.6 4326.7 4398.0 4472.5 4594.3 1

 - Loans elsewhere classified:

 2 Open market paper 1.1 1.4 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Mortgages 1337.0 1495.4 1660.1 1789.8 2058.3 2099.3 2192.9 2263.7 2255.8 2329.3 2435.9 3

 4 Consumer credit 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 625.8 4

 5 Security credit 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 5

 6 = Banking sector total bank loans n.e.c. 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 6

 7 U.S.-chartered commercial banks 1012.0 1104.3 1202.4 1140.5 1081.9 1050.6 1039.3 1029.5 1045.5 1034.7 1050.3 7

 8 Foreign banking offices in U.S. 282.4 260.0 274.6 256.1 237.5 231.2 223.1 205.7 220.4 217.6 218.6 8

 9 Bank holding companies 4.1 2.6 1.6 1.9 2.9 2.6 6.7 6.8 7.9 8.1 7.4 9

10 Banks in U.S.-affiliated areas 16.3 16.9 18.0 22.5 18.2 18.0 18.2 18.1 18.5 19.0 19.5 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 = Total bank loans n.e.c. 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 12

13 Total liabilities 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 13

14 Nonfinancial sectors 1209.0 1292.3 1405.5 1316.8 1235.0 1209.4 1188.6 1157.4 1192.0 1175.3 1197.0 14

15 Households 74.2 67.3 74.1 57.6 54.6 50.9 61.1 51.9 94.4 92.8 111.4 15

16 Corporate business 768.8 813.0 861.0 758.3 661.9 649.3 632.1 614.9 612.4 606.9 602.3 16

17 Nonfarm noncorporate business 262.1 308.6 352.9 390.7 404.1 398.3 390.7 384.2 378.8 373.5 376.4 17

18 Farm business 45.1 44.2 46.9 46.9 46.0 43.4 45.0 45.4 45.5 42.9 46.0 18

19 Rest of the world 58.7 59.2 70.5 63.2 68.6 67.6 59.7 61.0 60.9 59.2 60.9 19

20 Foreign official institutions 2.8 3.0 3.5 4.3 5.1 4.7 4.7 4.4 4.6 4.9 5.3 20

21 Foreign banks 13.1 9.9 13.2 5.9 5.1 5.5 4.9 3.9 3.7 4.4 5.9 21

22 Other foreign 42.8 46.4 53.8 53.1 58.4 57.4 50.1 52.8 52.7 49.9 49.8 22

23 Financial sectors 105.8 91.5 91.1 104.2 105.3 92.9 98.7 102.8 100.3 104.1 98.7 23

24 Savings institutions 29.7 14.0 21.5 23.0 27.2 15.1 15.9 15.4 13.9 14.3 14.6 24

25 Finance companies 26.5 35.4 35.9 50.8 48.0 47.3 53.2 57.6 56.2 59.8 52.6 25

26 Mortgage companies 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 26

27 REITs 33.6 26.0 17.7 14.4 14.1 14.5 13.5 13.7 14.2 13.9 15.5 27
92 Z.1, September 16, 2004

L.216 Other Loans and Advances

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total other loans and advances 1171.7 1299.7 1420.5 1451.1 1475.9 1477.2 1495.7 1490.3 1515.0 1526.7 1576.6 1

 2 U.S. government loans 138.3 131.3 127.7 121.8 118.2 118.2 117.6 116.8 116.7 116.1 115.8 2

 3 Liab.: Household sector 17.6 17.2 16.6 15.0 14.2 14.0 13.8 13.6 13.5 13.3 13.1 3

 4 Nonfinancial corporate business 8.3 8.0 7.6 7.4 7.0 7.3 7.5 7.6 7.8 8.0 8.1 4

 5 Nonfarm noncorporate business 44.8 43.9 42.8 39.6 38.9 39.1 39.4 39.5 39.6 40.1 40.4 5

 6 Farm business 5.1 4.9 5.0 5.0 4.7 4.7 4.6 4.5 4.5 4.4 4.4 6

 7 State and local governments 10.1 9.7 8.7 8.9 9.4 9.5 9.6 9.6 9.7 9.7 9.7 7

 8 Rest of the world 52.2 47.6 47.0 45.9 44.0 43.6 42.8 41.9 41.8 40.7 40.2 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Foreign loans to U.S. corporate business 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 120.6 10

11 Liab.: Nonfinancial corporate business 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 120.6 11

 Customers’ liability on acceptances

12 outstanding (bank asset) 11.3 8.2 7.5 4.6 4.6 4.8 4.5 4.3 4.4 3.9 4.4 12

13 Liab.: Nonfinancial corporate business 6.6 4.4 4.3 4.1 4.4 4.7 4.4 4.2 4.2 3.7 4.2 13

14 Rest of the world 4.7 3.9 3.1 0.5 0.2 0.1 0.1 0.1 0.2 0.1 0.3 14

15 Savings institution loans to business 24.2 30.6 39.3 42.9 46.2 47.4 48.2 57.4 56.3 49.6 55.5 15

16 Liab.: Nonfinancial corporate business 12.1 15.3 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 27.8 16

17 Nonfarm noncorporate business 12.1 15.3 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 27.8 17

18 Policy loans (Household liability) 104.7 100.0 102.8 105.0 106.1 105.6 105.9 105.4 105.5 105.4 105.7 18

19 Asset: Federal government 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 19

20 Life insurance companies 103.8 99.0 101.9 104.1 105.1 104.7 104.9 104.4 104.5 104.4 104.7 20

21 Government-sponsored enterprise loans 324.2 432.3 477.6 505.9 514.7 519.9 529.2 533.1 545.8 561.2 601.5 21

22 Liab.: Household sector (SLMA) 0.6 0.7 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.2 22

23 Noncorporate business (FCS) 17.1 17.9 19.5 19.5 20.1 20.4 19.2 18.5 19.8 21.3 19.4 23

24 Farm business (FCS) 17.8 17.9 19.4 22.3 23.7 22.7 23.6 24.0 24.0 22.9 23.8 24

25 Commercial banks (FHLB and SLMA) 104.9 145.6 172.4 196.6 226.8 225.2 235.5 232.2 235.3 253.3 251.4 25

26 Savings institutions (FHLB and SLMA) 180.1 243.7 260.0 259.1 231.7 237.3 236.0 241.8 249.3 247.0 288.5 26

27 Credit unions (FHLB) 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 27

28 Life insurance companies (FHLB) 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 28

29 Securitized loans held by ABS issuers 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 101.9 29

30 Liab.: Nonfinancial corporate business 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 101.9 30

31 Finance company loans to business 340.9 395.1 458.4 447.0 455.3 453.9 455.8 445.6 457.5 475.6 471.3 31

32 Liab.: Nonfinancial corporate business 306.8 355.6 412.6 402.3 409.7 408.5 410.2 401.0 411.7 428.1 424.2 32

33 Nonfarm noncorporate business 34.1 39.5 45.8 44.7 45.5 45.4 45.6 44.6 45.7 47.6 47.1 33
Z.1, September 16, 2004 93

L.217 Total Mortgages

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total mortgages 5656.5 6257.8 6820.6 7502.1 8335.5 8559.9 8854.2 9123.3 9351.7 9600.6 9884.0 1

 2 Home 4301.4 4721.5 5133.8 5651.4 6332.2 6524.3 6767.0 6983.3 7150.2 7351.7 7571.0 2

 3 Multifamily residential 334.4 372.5 404.5 447.7 487.3 495.4 510.0 523.7 545.1 552.3 567.1 3

 4 Commercial 923.5 1060.2 1172.1 1285.1 1390.5 1412.6 1447.5 1484.5 1522.8 1561.4 1607.3 4

 5 Farm 97.2 103.6 110.2 117.9 125.5 127.6 129.7 131.7 133.6 135.3 138.6 5

 6 Total liabilities 5656.5 6257.8 6820.6 7502.1 8335.5 8559.9 8854.2 9123.3 9351.7 9600.6 9884.0 6

 7 Household sector 4189.8 4568.2 4949.4 5440.8 6084.8 6266.1 6491.4 6697.9 6829.2 7020.5 7229.1 7

 8 Nonfinancial business 1395.0 1612.9 1788.2 1977.0 2160.6 2204.6 2272.8 2333.4 2428.6 2481.6 2553.0 8

 9 Corporate 262.8 339.2 370.4 430.3 473.8 484.6 508.8 527.8 574.6 592.0 620.3 9

10 Nonfarm noncorporate 1035.1 1170.1 1307.6 1428.8 1561.3 1592.4 1634.3 1673.9 1720.4 1754.4 1794.2 10

11 Farm 97.2 103.6 110.2 117.9 125.5 127.6 129.7 131.7 133.6 135.3 138.6 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 71.6 76.7 82.9 84.2 90.1 89.2 90.1 92.0 93.9 98.5 101.8 13

14 Total assets 5656.5 6257.8 6820.6 7502.1 8335.5 8559.9 8854.2 9123.3 9351.7 9600.6 9884.0 14

15 Household sector 98.2 106.5 117.4 125.4 136.0 138.8 141.6 144.5 147.4 150.3 153.5 15

16 Nonfinancial corporate business 67.3 41.2 43.5 46.6 48.7 49.2 49.7 50.2 50.7 51.2 51.7 16

17 Nonfarm noncorporate business 26.7 24.7 23.3 26.6 27.8 27.7 27.5 27.1 26.6 26.0 25.2 17

18 State and local governments 126.2 130.6 132.4 130.4 124.0 124.8 127.9 129.6 132.6 134.2 135.9 18

19 Federal government 44.9 77.7 76.9 75.8 76.3 73.9 74.0 73.6 73.8 75.8 74.2 19

20 Commercial banking 1337.0 1495.4 1660.1 1789.8 2058.3 2099.3 2192.9 2263.7 2255.8 2329.3 2435.9 20

21 Savings institutions (1) 644.0 668.1 723.0 758.2 781.4 815.9 833.6 852.1 870.9 927.5 966.5 21

22 Credit unions 96.9 111.0 124.9 141.3 159.4 162.3 168.1 176.5 182.6 185.9 196.0 22

23 Bank personal trusts and estates 2.8 2.2 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 1.9 23

24 Life insurance companies 213.6 230.8 235.9 243.0 250.0 251.2 254.4 257.3 260.9 262.0 269.3 24

25 Other insurance companies 2.0 1.9 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 2.2 25

26 Private pension funds 9.3 11.0 12.2 13.5 15.2 15.6 16.2 16.7 17.2 17.2 17.8 26

27 State and local govt. retirement funds 24.1 21.5 21.5 24.9 31.6 33.9 36.3 39.0 41.9 45.0 48.3 27

28 Government-sponsored enterprises (1) 247.0 242.0 264.3 297.5 357.3 381.9 416.0 451.1 462.8 467.6 469.7 28

29 Agency- and GSE-backed mortgage pools 2019.0 2293.5 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.0 3506.4 3519.8 29

30 ABS issuers 517.9 598.7 667.4 784.3 874.4 922.2 974.0 999.9 1058.9 1128.5 1210.6 30

31 Finance companies 121.2 145.8 172.3 161.3 174.5 173.9 183.4 194.7 198.9 206.2 213.3 31

32 Mortgage companies 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32.1 32

33 REITs 26.3 23.0 16.3 15.2 25.7 26.5 33.5 40.1 45.5 51.5 60.2 33

(1) FHLB loans to savings institutions are included in other loans and advances.
94 Z.1, September 16, 2004

L.218 Home Mortgages (1)

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 4301.4 4721.5 5133.8 5651.4 6332.2 6524.3 6767.0 6983.3 7150.2 7351.7 7571.0 1

 2 Household sector 4086.1 4457.9 4828.7 5301.4 5932.1 6109.6 6334.9 6536.3 6688.2 6873.6 7078.3 2

 3 Nonfinancial corporate business 9.3 11.5 13.5 15.6 16.2 16.6 17.1 17.4 18.0 18.9 19.7 3

 4 Nonfarm noncorporate business 205.9 252.1 291.6 334.4 383.9 398.1 415.0 429.5 444.0 459.2 473.0 4

 5 Total assets 4301.4 4721.5 5133.8 5651.4 6332.2 6524.3 6767.0 6983.3 7150.2 7351.7 7571.0 5

 6 Household sector 73.1 80.3 87.4 94.9 103.6 105.9 108.2 110.6 113.1 115.6 118.2 6

 7 Nonfinancial corporate business 27.1 20.2 21.4 23.3 24.3 24.6 24.8 25.1 25.3 25.6 25.8 7

 8 Nonfarm noncorporate business 10.0 9.0 8.7 9.7 11.0 11.4 11.8 12.2 12.6 13.1 13.6 8

 9 State and local governments 64.4 66.6 67.5 66.5 63.2 63.6 65.2 66.1 67.6 68.5 69.3 9

10 Federal government 18.8 18.4 17.7 17.1 16.2 15.9 15.7 15.5 15.3 15.2 15.0 10

11 Commercial banking 797.0 879.6 965.6 1023.9 1222.2 1244.8 1320.6 1368.8 1347.0 1394.6 1473.5 11

12 Savings institutions 533.5 548.2 594.2 620.6 631.4 662.9 676.2 690.4 703.4 753.7 789.5 12

13 Credit unions 96.9 111.0 124.9 141.3 159.4 162.3 168.1 176.5 182.6 185.9 196.0 13

14 Bank personal trusts and estates 2.8 2.2 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 1.9 14

15 Life insurance companies 6.6 5.9 4.9 4.9 4.7 3.8 3.6 3.6 4.4 4.6 4.8 15

16 Private pension funds 5.8 6.6 7.7 9.0 10.7 11.1 11.7 12.2 12.8 13.6 14.3 16

17 State and local govt. retirement funds 8.4 7.5 7.5 8.7 11.1 11.9 12.7 13.7 14.7 15.8 16.9 17

18 Government-sponsored enterprises 199.6 189.3 205.1 225.6 271.1 293.8 324.5 359.6 369.6 372.4 371.5 18

19 Agency- and GSE-backed mortgage pools 1970.2 2234.7 2425.6 2748.5 3063.7 3129.7 3189.9 3265.4 3373.3 3394.0 3403.1 19

20 ABS issuers 360.6 399.4 432.8 505.0 563.2 606.3 642.2 656.4 696.1 754.7 818.6 20

21 Finance companies 90.0 108.2 130.6 120.1 135.0 133.9 142.5 151.8 152.2 159.5 167.9 21

22 Mortgage companies 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 22

23 REITs 14.8 12.4 7.9 7.9 17.4 18.4 25.3 31.6 36.4 41.2 49.3 23

 Memo:

24 Home equity loans included above (2) 361.2 401.5 491.8 517.8 583.2 596.5 621.6 650.0 684.6 712.6 766.2 24

25 Commercial banking 176.9 189.5 235.0 258.6 303.3 314.0 328.7 343.3 366.0 390.1 423.3 25

26 Savings institutions 55.9 59.7 72.8 77.9 78.5 83.5 83.0 87.8 95.6 90.8 99.8 26

27 Credit unions 29.7 33.4 40.7 44.9 48.1 47.3 48.4 48.8 51.8 52.9 56.1 27

28 ABS issuers 8.6 10.7 12.7 16.2 18.4 17.9 19.0 18.4 19.0 19.4 19.2 28

29 Finance companies 90.0 108.2 130.6 120.1 135.0 133.9 142.5 151.8 152.2 159.5 167.9 29

(1) Mortgages on 1-4 family properties.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Loans of finance companies (line 29) include some first liens.

 Excludes home equity loans held by mortgage companies and individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 334.4 372.5 404.5 447.7 487.3 495.4 510.0 523.7 545.1 552.3 567.1 1

 2 Nonfinancial corporate business 23.5 24.7 25.9 27.3 28.8 29.2 29.6 30.0 30.4 30.9 31.4 2

 3 Nonfarm noncorporate business 287.3 322.5 351.2 392.6 428.7 436.8 450.6 463.4 483.7 488.8 502.1 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 23.6 25.3 27.4 27.8 29.7 29.4 29.7 30.4 31.0 32.5 33.6 5

 6 Total assets 334.4 372.5 404.5 447.7 487.3 495.4 510.0 523.7 545.1 552.3 567.1 6

 7 Household sector 1.5 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 7

 8 Nonfinancial corporate business 1.1 0.9 0.8 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 8

 9 Nonfarm noncorporate business 8.8 8.0 7.7 9.2 8.5 8.0 7.3 6.5 5.5 4.4 3.1 9

10 State and local governments 50.5 52.2 52.9 52.2 49.6 49.9 51.2 51.8 53.1 53.7 54.3 10

11 Federal government 13.6 13.6 13.9 13.7 14.3 14.2 14.4 14.4 14.5 14.7 14.7 11

12 Commercial banking 54.6 67.7 77.8 84.9 94.2 96.8 100.1 102.8 104.9 107.7 110.8 12

13 Savings institutions 57.0 59.3 61.3 64.6 68.7 69.8 72.7 74.9 78.0 81.7 84.0 13

14 Life insurance companies 31.5 32.8 33.7 35.6 36.8 37.0 37.6 38.1 38.6 38.7 39.8 14

15 Private pension funds 0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 0.9 0.9 15

16 State and local govt. retirement funds 6.7 6.0 6.0 7.0 8.9 9.5 10.2 10.9 11.7 12.6 13.5 16

17 Government-sponsored enterprises 16.2 20.5 25.0 33.2 41.7 42.9 44.8 44.6 45.9 47.1 49.2 17

18 Agency- and GSE-backed mortgage pools 48.3 57.5 66.0 81.6 94.5 96.6 98.9 104.9 114.7 111.4 115.8 18

19 ABS issuers 33.9 42.0 47.5 53.5 59.0 59.6 61.7 63.7 67.1 69.0 70.5 19

20 Finance companies 2.5 2.8 2.9 2.7 1.7 1.6 1.6 1.6 1.7 1.7 1.7 20

21 Mortgage companies 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 21

22 REITs 2.1 1.6 1.2 0.9 0.8 0.8 0.8 0.7 0.8 1.1 1.2 22
Z.1, September 16, 2004 95

L.220 Commercial Mortgages

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 923.5 1060.2 1172.1 1285.1 1390.5 1412.6 1447.5 1484.5 1522.8 1561.4 1607.3 1

 2 Household sector 103.7 110.3 120.7 139.4 152.7 156.6 156.5 161.6 141.0 146.9 150.8 2

 3 Nonfinancial corporate business 229.9 303.0 331.0 387.5 428.7 438.8 462.1 480.3 526.2 542.2 569.1 3

 4 Nonfarm noncorporate business 541.9 595.5 664.8 701.8 748.7 757.5 768.6 781.0 792.7 806.3 819.1 4

 5 REITs 48.0 51.4 55.6 56.4 60.4 59.8 60.3 61.6 62.9 66.0 68.2 5

 6 Total assets 923.5 1060.2 1172.1 1285.1 1390.5 1412.6 1447.5 1484.5 1522.8 1561.4 1607.3 6

 7 Household sector 6.0 6.8 8.6 7.9 8.6 8.7 8.9 9.1 9.2 9.4 9.5 7

 8 Nonfinancial corporate business 39.1 20.1 21.2 22.4 23.4 23.6 23.8 24.1 24.3 24.6 24.8 8

 9 Nonfarm noncorporate business 6.9 6.4 6.1 6.8 7.1 7.1 7.1 7.0 7.0 6.9 6.8 9

10 State and local governments 10.1 10.4 10.6 10.4 9.9 10.0 10.2 10.4 10.6 10.7 10.9 10

11 Federal government 7.9 41.5 41.1 41.0 42.1 40.2 40.4 40.2 40.5 42.5 41.2 11

12 Commercial banking 456.3 516.3 582.6 645.6 704.0 719.0 732.4 751.9 763.3 785.7 808.6 12

13 Savings institutions 53.0 60.1 67.0 72.5 80.7 82.7 84.1 86.1 88.9 91.4 92.5 13

14 Life insurance companies 164.0 179.0 183.8 188.4 195.0 196.5 199.8 202.3 203.9 204.6 210.4 14

15 Other insurance companies 2.0 1.9 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 2.2 15

16 Private pension funds 2.6 3.3 3.4 3.4 3.4 3.3 3.4 3.4 3.3 2.7 2.7 16

17 State and local govt. retirement funds 8.9 8.0 8.0 9.2 11.7 12.5 13.4 14.4 15.5 16.6 17.9 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 123.4 157.3 187.1 225.7 252.1 256.2 270.1 279.8 295.7 304.8 321.5 19

20 Finance companies 28.7 34.8 38.8 38.5 37.8 38.5 39.3 41.2 45.0 45.0 43.7 20

21 Mortgage companies 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 5.1 21

22 REITs 9.4 9.0 7.3 6.4 7.5 7.3 7.5 7.8 8.3 9.2 9.7 22

L.221 Farm Mortgages

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

 1 Total liabilities (Farm business) 97.2 103.6 110.2 117.9 125.5 127.6 129.7 131.7 133.6 135.3 138.6 1

 2 Total assets 97.2 103.6 110.2 117.9 125.5 127.6 129.7 131.7 133.6 135.3 138.6 2

 3 Household sector 17.7 17.9 20.0 21.2 22.4 22.7 23.0 23.3 23.6 23.9 24.3 3

 4 Nonfarm noncorporate business 1.0 1.3 0.7 0.9 1.2 1.3 1.3 1.4 1.5 1.6 1.7 4

 5 State and local governments 1.3 1.3 1.3 1.3 1.2 1.2 1.3 1.3 1.3 1.3 1.4 5

 6 Federal government 4.5 4.3 4.1 4.0 3.7 3.6 3.5 3.6 3.4 3.4 3.3 6

 7 Commercial banking 29.0 31.8 34.0 35.5 38.0 38.7 39.7 40.2 40.6 41.4 42.9 7

 8 Savings institutions 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.6 8

 9 Life insurance companies 11.5 13.0 13.6 14.1 13.5 13.9 13.3 13.3 14.0 14.1 14.4 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 31.2 32.2 34.2 38.7 44.5 45.2 46.6 47.0 47.4 48.0 49.0 11

12 Agency- and GSE-backed mortgage pools 0.5 1.3 1.6 1.7 0.4 0.3 0.3 1.0 1.0 1.0 1.0 12
96 Z.1, September 16, 2004

L.222 Consumer Credit

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities (Households) 1442.9 1550.2 1726.5 1865.2 1942.6 1912.7 1940.0 1977.5 2025.5 2005.3 2018.6 1

 2 Total assets 1442.9 1550.2 1726.5 1865.2 1942.6 1912.7 1940.0 1977.5 2025.5 2005.3 2018.6 2

 3 Nonfinancial corporate business 87.8 86.0 90.0 88.8 86.4 75.5 75.1 74.6 70.3 62.1 62.4 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 37.4 50.9 67.0 80.1 92.8 90.6 89.1 95.3 94.1 93.9 92.6 5

 6 Commercial banking 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 625.8 6

 7 Savings institutions 52.4 61.7 64.8 71.1 68.7 68.6 73.8 72.7 77.9 81.5 88.4 7

 8 Credit unions 155.4 167.9 184.4 189.6 195.7 194.0 198.9 203.4 205.9 207.6 212.9 8

 9 Government-sponsored enterprises 28.4 33.8 37.0 39.4 36.9 35.3 31.3 27.2 20.6 16.0 2.2 9

10 ABS issuers 389.4 448.4 521.3 599.7 637.1 640.2 643.3 626.6 625.0 612.3 609.6 10

11 Finance companies 183.3 201.6 220.5 238.1 237.8 233.2 244.3 284.0 295.4 307.4 324.7 11

L.223 Trade Credit

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

 1 Total trade payables 2082.9 2345.4 2747.7 2664.3 2730.9 2728.9 2778.5 2829.2 2891.8 2943.9 3013.5 1

 2 Household sector 126.8 130.9 134.7 132.9 139.8 141.7 143.6 145.7 147.7 149.9 152.1 2

 3 Nonfinancial corporate business 1049.7 1228.2 1541.4 1437.7 1461.7 1436.6 1459.6 1491.6 1539.1 1558.7 1603.1 3

 4 Nonfarm noncorporate business 178.6 213.3 259.9 255.0 276.0 286.4 297.1 311.6 322.7 335.9 350.2 4

 5 Farm business 19.6 20.0 20.9 18.3 19.2 20.0 20.7 20.9 21.1 20.1 22.0 5

 6 State and local governments 579.5 608.6 635.9 661.1 685.6 691.6 697.6 703.6 709.6 715.6 721.6 6

 7 Federal government 65.0 64.5 69.0 72.3 73.6 77.9 78.7 79.6 77.8 81.9 85.5 7

 8 Rest of the world 44.9 49.1 49.9 47.8 37.6 46.3 45.9 43.7 45.5 47.2 47.0 8

 9 Brokers and dealers 18.9 30.9 35.9 39.2 37.4 28.5 35.3 32.5 28.2 34.6 32.0 9

10 Total trade receivables 2070.7 2345.0 2744.0 2657.7 2630.3 2673.8 2766.0 2819.8 2824.1 2920.3 3020.1 10

11 Nonfinancial corporate business 1440.0 1647.7 1930.7 1802.2 1721.9 1746.6 1815.1 1844.0 1825.9 1895.4 1976.0 11

12 Nonfarm noncorporate business 233.1 272.6 342.1 343.9 366.7 375.9 388.1 404.5 417.1 432.0 447.9 12

13 State and local governments 95.4 103.9 111.4 116.5 118.1 118.8 121.8 123.4 126.3 127.8 129.4 13

14 Federal government 22.3 22.9 28.1 35.5 32.2 30.7 31.6 33.6 35.9 37.8 36.0 14

15 Rest of the world 52.5 47.4 47.0 43.9 47.0 47.3 47.2 46.3 48.7 49.3 45.3 15

16 Other insurance companies 61.5 63.6 64.6 69.9 74.8 79.3 81.6 82.3 79.3 82.4 85.3 16

17 ABS issuers 165.9 187.0 220.0 245.9 269.7 275.2 280.5 285.7 290.8 295.7 300.4 17

18 Discrepancy 12.2 0.4 3.7 6.6 100.6 55.2 12.5 9.3 67.7 23.7 -6.7 18

L.224 Security Credit

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

 1 Total liabilities 572.2 676.6 822.7 825.9 738.8 796.6 971.9 940.2 871.3 953.3 978.7 1

 2 Household sector 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 215.6 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 419.5 448.7 587.6 629.5 590.6 637.1 723.4 712.6 688.8 752.1 763.1 4

 5 Customer credit balances (HH) 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 526.3 5

 6 From U.S.-chartered commercial banks 76.3 67.6 74.7 81.9 79.2 91.5 104.5 99.4 91.5 96.0 96.7 6

 7 From foreign banking offices in U.S. 66.5 57.2 100.5 93.3 98.7 115.9 103.8 109.8 121.9 143.1 140.1 7

 8 Total assets 572.2 676.6 822.7 825.9 738.8 796.6 971.9 940.2 871.3 953.3 978.7 8

 9 Household sector 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 526.3 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 11

12 Brokers and dealers 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 215.6 12
Z.1, September 16, 2004 97

L.225 Life Insurance and Pension Fund Reserves

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 Life insurance reserves:

 1 Total liabilities 718.3 783.9 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1054.2 1

 2 Federal government 33.6 35.0 36.4 37.8 39.4 39.4 39.8 39.9 40.5 40.5 40.9 2

 3 Life insurance companies 684.7 748.9 782.7 842.2 881.6 896.9 919.9 933.1 972.7 993.8 1013.3 3

 4 Total assets (Households) 718.3 783.9 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1054.2 4

 Pension fund reserves:

 5 Total liabilities 8123.2 9111.4 8901.3 8444.1 7754.1 7664.6 8239.9 8424.2 8960.6 9137.5 9266.7 5

 6 Life insurance companies 1248.1 1428.1 1453.1 1462.1 1488.0 1506.3 1606.5 1646.6 1713.7 1760.7 1800.9 6

 7 Private pension funds (1) 4158.9 4628.9 4483.5 4104.6 3582.3 3528.2 3848.0 3939.6 4249.0 4352.2 4405.7 7

 8 State and local govt. retirement funds 1998.2 2278.3 2165.4 2015.4 1787.2 1745.0 1878.2 1915.1 2038.9 2072.3 2096.0 8

 9 Federal government retirement funds (2) 718.0 776.2 799.2 862.0 896.6 885.0 907.2 922.9 959.0 952.2 964.1 9

10 Total assets (Households) (3) 8123.2 9111.4 8901.3 8444.1 7754.1 7664.6 8239.9 8424.2 8960.6 9137.5 9266.7 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Federal Employees Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 156.0 178.9 204.8 219.2 248.1 260.0 264.8 271.5 260.5 273.1 281.1 1

 2 Nonfinancial corporate business 64.1 71.0 78.0 81.0 93.0 97.2 96.6 99.1 84.5 92.0 96.2 2

 3 Nonfarm noncorporate business 44.1 53.0 64.6 68.7 76.8 81.7 84.1 85.3 86.5 87.9 88.9 3

 4 U.S.-chartered commercial banks 7.1 9.0 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 20.6 4

 5 Savings institutions 2.0 2.0 2.5 1.7 1.5 1.4 1.4 1.6 1.3 1.8 1.6 5

 6 Life insurance companies 14.9 16.2 17.8 19.7 22.1 22.8 23.4 24.1 24.9 25.6 26.4 6

 7 Other insurance companies 15.4 17.4 19.7 22.4 25.6 26.5 27.4 28.4 29.3 30.3 31.4 7

 8 Finance companies 7.3 8.1 9.1 10.2 11.6 12.0 12.4 12.8 13.2 13.6 14.1 8

 9 Brokers and dealers 1.3 2.2 2.1 1.9 1.3 1.6 1.9 2.0 1.8 1.9 2.0 9

10 Total business taxes receivable 38.5 66.1 84.7 125.9 120.8 152.2 151.5 172.9 176.3 201.8 188.4 10

11 State and local governments 17.1 27.6 42.4 46.1 56.5 62.2 66.5 69.9 73.5 77.9 84.5 11

12 Federal government 21.4 38.5 42.4 79.8 64.3 90.0 85.0 103.1 102.8 123.9 103.9 12

13 Discrepancy 117.5 112.8 120.0 93.4 127.3 107.8 113.3 98.5 84.2 71.3 92.7 13

L.227 Investment in Bank Personal Trusts and Estates

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

 1 Liab.: Bank personal trusts and estates 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 961.9 1

 2 Asset: Household sector 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 961.9 2
98 Z.1, September 16, 2004

L.229 Total Miscellaneous Financial Claims

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 8332.1 9325.1 10529.7 11342.4 12024.3 12283.6 12219.9 12446.8 12592.1 12881.0 12982.3 1

 2 Household sector 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 2

 3 Nonfinancial corporate business 2563.5 2919.6 3446.3 3516.3 3585.9 3608.9 3609.8 3608.7 3564.6 3570.3 3516.6 3

 4 Nonfarm noncorporate business 392.9 466.5 552.6 607.3 627.7 636.9 646.4 655.2 664.3 672.8 681.1 4

 5 Federal government 649.6 690.6 711.3 772.0 798.2 777.9 790.7 802.3 831.3 819.8 829.8 5

 6 Rest of the world 1404.4 1719.8 1881.2 2085.6 2391.8 2554.9 2280.0 2269.9 2475.8 2519.8 2639.7 6

 7 Monetary authority 10.7 9.4 10.6 7.7 30.3 27.2 30.7 33.7 34.5 30.8 28.7 7

 8 Commercial banking 1115.2 1077.4 1257.8 1256.6 1430.8 1416.1 1464.1 1547.2 1550.8 1610.3 1591.0 8

 9 Savings institutions 99.8 85.1 102.3 130.7 156.4 187.4 199.8 207.9 184.6 225.7 214.2 9

10 Credit unions 5.2 6.0 5.6 3.8 5.1 1.5 7.6 8.5 6.3 19.5 9.6 10

11 Life insurance companies 649.5 686.4 686.8 707.6 743.6 788.0 817.4 827.9 820.1 864.8 874.9 11

12 Other insurance companies 527.7 534.4 543.0 574.6 622.3 637.3 649.3 667.0 661.4 672.6 685.0 12

13 Government-sponsored enterprises 95.6 90.1 94.0 141.5 169.2 168.9 167.9 160.5 142.5 153.8 130.8 13

14 Finance companies 223.8 291.1 374.3 393.2 413.9 413.8 442.1 506.2 515.7 533.0 526.4 14

15 Mortgage companies 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 15

16 REITs 31.6 36.0 37.8 37.9 39.2 38.8 39.3 38.4 37.2 39.8 38.8 16

17 Brokers and dealers 176.4 183.6 182.7 374.6 300.5 309.7 321.1 322.2 339.2 352.6 377.6 17

18 Funding corporations 352.7 493.6 607.8 697.8 673.5 679.5 716.8 753.9 726.8 758.4 800.4 18

19 Total assets 10441.4 11831.2 14147.2 15002.2 15610.6 15790.3 15813.7 15874.5 16121.8 16558.7 16535.3 19

20 Household sector 351.5 364.3 370.9 389.4 420.0 431.3 440.6 457.5 462.0 471.5 480.2 20

21 Nonfinancial corporate business 4475.0 5427.5 6722.6 6942.7 7067.8 7119.8 7194.5 7207.8 7365.5 7439.2 7464.6 21

22 Nonfarm noncorporate business 382.1 463.8 553.7 683.6 781.1 806.6 831.6 857.6 883.6 911.6 942.9 22

23 Farm business 45.4 45.6 45.5 47.3 51.4 52.7 53.9 55.6 56.0 56.9 58.2 23

24 State and local governments 226.9 190.1 242.7 179.0 189.5 192.0 186.2 191.9 187.9 193.1 190.1 24

25 Federal government 101.4 100.5 99.1 100.4 100.5 101.6 101.5 101.9 101.9 101.9 102.0 25

26 Rest of the world 1024.3 1175.3 1655.8 1739.8 1949.8 1989.1 1752.4 1615.7 1512.3 1676.3 1558.4 26

27 Monetary authority 16.1 16.8 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 17.8 27

28 Commercial banking 1065.2 1097.7 1196.9 1347.9 1443.4 1469.1 1488.0 1503.5 1532.4 1570.5 1589.4 28

29 Savings institutions 62.1 60.0 67.6 84.9 103.9 104.2 109.1 122.4 99.7 93.3 97.0 29

30 Credit unions 24.3 8.0 12.9 18.3 28.7 24.1 27.2 14.1 29.2 23.4 25.7 30

31 Bank personal trusts and estates 23.0 20.5 21.7 29.4 26.8 29.2 31.6 34.0 36.4 38.8 41.2 31

32 Life insurance companies 69.2 36.9 55.6 40.1 46.8 68.1 68.4 71.0 74.7 107.0 110.2 32

33 Other insurance companies 47.0 50.6 51.8 54.4 74.1 77.3 79.0 81.9 85.5 87.7 90.2 33

34 Private pension funds 622.2 638.9 626.4 621.3 619.8 621.6 631.4 638.2 662.2 670.5 678.6 34

35 State and local govt. retirement funds 66.1 81.0 93.5 113.8 105.9 98.6 106.7 127.2 131.6 138.8 137.0 35

36 Federal government retirement funds 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 36

37 Money market mutual funds 67.7 90.4 102.5 128.6 121.6 115.8 117.4 130.6 137.0 137.4 134.4 37

38 Mutual funds 7.7 4.2 3.8 0.8 0.9 1.7 1.7 3.1 1.9 3.1 3.1 38

39 Government-sponsored enterprises 67.6 72.5 63.4 68.9 90.9 105.3 119.6 104.9 107.3 118.0 116.1 39

40 Finance companies 184.4 235.7 261.0 281.8 291.3 294.9 327.9 375.9 393.7 372.7 337.6 40

41 REITs 21.2 21.1 22.0 22.5 22.6 23.5 24.1 25.0 24.4 28.6 29.6 41

42 Brokers and dealers 499.3 522.8 655.1 821.0 723.7 723.2 791.3 827.5 858.8 950.3 956.1 42

43 Funding corporations 348.7 423.1 498.6 500.0 540.2 553.4 532.2 520.5 544.6 548.8 565.7 43

44 Discrepancy -2109.2 -2506.1 -3617.5 -3659.8 -3586.3 -3506.7 -3593.8 -3427.7 -3529.7 -3677.7 -3552.9 44
Z.1, September 16, 2004 99

L.230 Identified Miscellaneous Financial Claims - Part I

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 1196.0 1414.4 1531.6 1686.6 1840.0 1884.6 1922.3 1969.8 2013.8 2065.0 2131.5 1

 2 Asset: Nonfinancial corporate business 1041.0 1227.7 1322.2 1456.2 1575.9 1609.6 1641.3 1682.2 1704.0 1747.5 1802.2 2

 3 Commercial banking 31.2 35.2 43.5 49.6 52.1 53.6 54.5 55.4 60.4 62.1 63.8 3

 4 Life insurance companies 11.1 16.2 17.5 18.2 23.7 24.2 25.9 26.6 28.5 29.1 30.0 4

 5 Other insurance companies 47.0 50.6 51.8 54.4 74.1 77.3 79.0 81.9 85.5 87.7 90.2 5

 6 Finance companies 58.0 69.9 76.6 93.9 101.6 106.8 107.5 109.7 119.9 122.0 125.9 6

 7 Brokers and dealers 7.7 14.7 20.0 14.3 12.7 13.0 14.0 14.0 15.7 16.5 19.4 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 812.0 971.2 1171.4 1145.8 1086.7 1099.4 1082.7 1079.9 1091.0 1104.5 1086.2 8

 9 Nonfarm noncorporate business 3.4 3.3 3.4 2.9 3.0 3.0 3.0 2.9 3.1 3.0 3.1 9

10 Commercial banking 46.1 62.0 64.2 67.2 76.8 80.4 80.3 80.8 87.5 88.0 89.7 10

11 Life insurance companies 27.3 32.1 42.9 38.8 38.9 40.2 39.6 40.0 58.3 57.7 72.2 11

12 Other insurance companies 47.3 51.5 60.9 66.4 69.9 69.7 70.5 69.9 62.4 63.0 62.3 12

13 Finance companies 37.2 48.6 63.2 68.6 60.1 77.0 78.1 81.0 64.9 66.4 71.7 13

14 Brokers and dealers 10.7 13.9 20.1 72.2 77.4 76.9 78.9 78.5 80.2 79.8 80.1 14

15 Funding corporations -63.9 -80.9 -5.1 51.6 92.3 90.6 105.4 104.0 97.6 92.7 124.2 15

16 Asset: Rest of the world 920.0 1101.7 1421.0 1513.5 1505.2 1537.3 1538.6 1537.0 1545.1 1555.1 1589.6 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 32.4 33.9 35.4 37.1 38.6 38.9 39.3 39.7 40.0 40.3 40.8 17

18 Asset: Federal government 32.4 33.9 35.4 37.1 38.6 38.9 39.3 39.7 40.0 40.3 40.8 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 6.0 6.4 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 9.2 19

20 Asset: Commercial banking 6.0 6.4 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 9.2 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 25.5 31.6 33.8 37.1 39.1 40.3 40.9 41.7 42.3 44.1 45.2 21

22 Asset: Nonfin. corporate business (FNMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Nonfarm noncorporate (BC) 1.6 1.6 1.6 1.8 1.8 1.9 1.8 1.8 2.1 2.2 2.1 23

24 Farm business (FICB and FLB) 1.7 1.6 1.6 2.0 2.1 2.1 2.2 2.3 2.5 2.4 2.6 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Commercial banks (FHLB) 10.0 13.0 13.8 15.2 17.5 18.0 18.4 18.6 18.7 19.1 19.3 26

27 Savings institutions (FHLB) 11.8 14.5 15.7 17.0 16.0 16.6 16.4 16.7 16.4 17.6 18.4 27

28 Credit unions (FHLB) 0.3 0.5 0.6 0.9 1.2 1.2 1.3 1.4 1.4 1.5 1.6 28

29 Life insurance companies (FHLB) 0.2 0.3 0.4 0.3 0.5 0.6 0.8 1.0 1.1 1.2 1.2 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 469.0 471.9 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.1 738.5 30

31 Savings institutions 5.4 6.0 6.6 7.4 8.3 8.5 8.8 9.1 9.3 9.6 9.9 31

32 Finance companies 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.4 53.9 32

33 Mortgage companies 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 33

34 Brokers and dealers 95.4 85.4 115.8 146.4 150.9 159.6 174.7 182.2 189.1 214.7 223.4 34

35 Asset: Bank holding companies 603.0 623.1 715.1 805.6 858.5 877.8 914.6 934.8 954.1 1000.9 1041.8 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.4 53.9 36

37 Asset: Nonfinancial corporate business 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.4 53.9 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 90.6 93.0 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 137.4 38

39 Brokers and dealers 258.2 330.1 359.9 392.2 407.6 425.1 407.4 402.2 413.8 390.8 428.3 39

40 Asset: Funding corporations 348.7 423.1 498.6 500.0 540.2 553.4 532.2 520.5 544.6 548.8 565.7 40
100 Z.1, September 16, 2004

L.231 Identified Miscellaneous Financial Claims - Part II

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.1 2.7 2.8 2.7 2.8 2.8 2.8 2.9 3.0 3.1 3.1 1

 2 Asset: Federal government 2.1 2.7 2.8 2.7 2.8 2.8 2.8 2.9 3.0 3.1 3.1 2

 Postal Savings System deposits:

 3 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 Deposits at Federal Home Loan Banks:

 5 Liab.: Government-sponsored enterprises 24.9 17.1 17.1 25.7 27.6 30.5 30.8 28.4 20.5 24.9 19.1 5

 6 Asset: Savings institutions 24.9 17.1 17.1 25.7 27.6 30.5 30.8 28.4 20.5 24.9 19.1 6

 Deferred and unpaid life insurance premiums:

 7 Liab.: Household sector 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 7

 8 Asset: Life insurance companies 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 8

 Life insurance company reserves:

 9 Liab.: Life insurance companies 150.3 162.0 168.9 175.4 185.6 188.5 191.1 198.1 199.5 202.4 203.5 9

10 Health 83.0 93.5 97.4 100.5 110.6 112.3 114.4 118.6 121.5 123.8 123.1 10

11 Policy dividend accumulation 37.1 38.4 39.5 40.4 40.6 40.7 41.8 42.6 40.5 40.4 42.5 11

12 Policy and contract claims 30.2 30.1 32.0 34.4 34.5 35.5 34.9 36.9 37.5 38.1 37.9 12

13 Asset: Household sector 150.3 162.0 168.9 175.4 185.6 188.5 191.1 198.1 199.5 202.4 203.5 13

 Policy payables:

14 Liab.: Other insurance companies 480.4 482.9 482.1 508.2 552.4 567.7 578.8 597.0 599.0 609.6 622.6 14

15 Asset: Household sector 201.3 202.3 202.0 214.0 232.4 238.9 243.5 251.2 252.0 256.4 261.9 15

16 Nonfinancial corporate business 189.8 190.8 190.4 200.8 218.2 224.2 228.6 235.8 236.6 240.8 245.9 16

17 Nonfarm noncorporate business 45.6 45.9 45.8 48.3 52.5 53.9 55.0 56.7 56.9 57.9 59.2 17

18 Farm business 43.7 43.9 43.9 45.3 49.3 50.7 51.7 53.3 53.5 54.5 55.7 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 384.6 396.4 381.4 372.2 366.5 367.1 377.9 385.1 406.5 413.9 419.7 19

20 Asset: Private pension funds 384.6 396.4 381.4 372.2 366.5 367.1 377.9 385.1 406.5 413.9 419.7 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 113.0 113.3 21

22 Asset: Private pension funds 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 113.0 113.3 22

 Securities borrowed (net):

23 Liab.: Funding corporations 403.3 419.5 508.2 578.3 575.4 567.7 628.9 672.7 678.0 758.9 753.8 23

24 Asset: Brokers and dealers 403.3 419.5 508.2 578.3 575.4 567.7 628.9 672.7 678.0 758.9 753.8 24

 Nonmarketable government securities:

25 Liab.: Federal government 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 25

26 Asset: Federal government retirement funds 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 26

 Uniformed Services Retiree Health Care Fund:

27 Liab.: Federal government 0.0 0.0 0.0 0.0 1.9 4.0 6.1 8.2 10.5 12.7 14.8 27

28 Asset: Household sector 0.0 0.0 0.0 0.0 1.9 4.0 6.1 8.2 10.5 12.7 14.8 28
Z.1, September 16, 2004 101

L.232 Unidentified Miscellaneous Financial Claims

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

1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 2962.8 3355.6 3842.5 4148.3 4516.6 4671.2 4447.6 4532.9 4528.3 4604.9 4523.7 1

 2 Nonfinancial corporate business 1636.6 1841.1 2166.3 2260.7 2388.0 2398.1 2415.3 2416.7 2361.2 2352.8 2317.0 2

 3 Nonfarm noncorporate business 389.6 463.2 549.2 604.3 624.7 634.0 643.4 652.3 661.2 669.7 678.1 3

 4 Federal government 6.7 6.6 6.4 6.2 6.0 6.1 6.0 6.0 5.8 5.9 5.8 4

 5 Rest of the world 173.9 268.8 311.5 359.2 510.4 628.7 315.6 257.5 419.0 411.4 464.3 5

 6 Monetary authority 4.8 3.0 3.6 0.4 21.9 18.7 22.0 25.0 25.7 21.9 19.4 6

 7 Commercial banking 509.6 450.6 529.5 495.4 582.1 557.3 591.9 668.4 642.7 656.3 625.4 7

 8 U.S.-chartered commercial banks 193.0 181.2 263.2 173.7 210.6 221.8 235.3 280.8 263.2 287.2 261.2 8

 9 Foreign banking offices in U.S. 220.6 157.2 137.2 141.9 152.4 105.3 101.0 120.9 106.4 85.6 69.4 9

10 Bank holding companies 74.1 88.1 104.4 150.8 190.9 200.4 224.5 232.7 241.4 249.0 257.9 10

11 Banks in U.S.-affiliated areas 21.9 24.1 24.8 29.0 28.3 29.8 31.1 34.1 31.7 34.6 36.9 11

12 Savings institutions 94.4 79.2 95.7 123.3 148.1 178.9 191.0 198.9 175.3 216.1 204.3 12

13 Credit unions 5.2 6.0 5.6 3.8 5.1 1.5 7.6 8.5 6.3 19.5 9.6 13

14 Life insurance companies 87.4 95.9 93.7 121.2 152.6 192.2 208.8 204.7 155.8 190.9 179.5 14

15 Government-sponsored enterprises 45.2 41.5 43.1 78.7 102.5 98.1 96.2 90.3 79.7 84.8 66.6 15

16 Finance companies 152.3 154.6 208.5 225.4 265.6 249.6 267.9 329.4 351.1 361.7 346.8 16

17 REITs 31.6 36.0 37.8 37.9 39.2 38.8 39.3 38.4 37.2 39.8 38.8 17

18 Brokers and dealers -187.8 -245.8 -313.1 -236.1 -335.4 -351.9 -339.9 -340.6 -343.8 -332.8 -354.2 18

19 Funding corporations 13.4 154.9 104.7 68.0 5.7 21.1 -17.5 -22.7 -48.8 -93.2 -77.6 19

20 Total assets 5072.1 5861.7 7460.0 7808.1 8102.9 8177.9 8041.3 7960.6 8058.0 8282.6 8076.6 20

21 Nonfinancial corporate business 3227.0 3965.1 5158.7 5236.2 5229.7 5242.3 5276.5 5241.9 5375.1 5398.5 5362.6 21

22 Nonfarm noncorporate business 334.9 416.3 506.2 633.5 726.9 750.8 774.8 799.1 824.6 851.4 881.7 22

23 State and local governments 226.9 190.1 242.7 179.0 189.5 192.0 186.2 191.9 187.9 193.1 190.1 23

24 Federal government 66.9 63.9 61.0 60.7 59.1 59.9 59.3 59.3 58.9 58.5 58.1 24

25 Rest of the world 104.3 73.6 234.8 226.3 444.6 451.8 213.8 78.7 -32.8 121.3 -31.1 25

26 Monetary authority 16.1 16.8 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 17.8 26

27 Commercial banking 415.1 419.9 417.4 470.1 506.9 511.2 491.8 486.0 490.4 479.4 455.4 27

28 U.S.-chartered commercial banks 114.3 121.0 127.4 158.2 176.8 215.2 210.4 204.3 200.3 192.4 189.5 28

29 Foreign banking offices in U.S. 234.5 204.9 177.1 187.2 184.2 142.5 127.6 125.5 123.9 101.0 80.6 29

30 Bank holding companies 56.5 85.4 106.3 112.2 139.5 145.7 147.1 149.9 161.9 181.4 181.4 30

31 Banks in U.S.-affiliated areas 9.7 8.7 6.6 12.5 6.4 7.9 6.8 6.3 4.3 4.6 3.9 31

32 Savings institutions 25.5 28.4 34.8 42.3 60.3 57.2 61.9 77.3 62.7 50.8 59.4 32

33 Credit unions 24.0 7.4 12.3 17.4 27.6 22.9 25.9 12.7 27.8 21.9 24.1 33

34 Bank personal trusts and estates 23.0 20.5 21.7 29.4 26.8 29.2 31.6 34.0 36.4 38.8 41.2 34

35 Life insurance companies 40.7 0.9 18.2 2.5 2.6 22.6 20.8 22.4 24.2 55.8 57.1 35

36 Private pension funds 122.7 135.3 136.5 139.3 142.2 143.1 141.8 141.0 143.3 143.6 145.5 36

37 State and local govt. retirement funds 66.1 81.0 93.5 113.8 105.9 98.6 106.7 127.2 131.6 138.8 137.0 37

38 Mutual funds 7.7 4.2 3.8 0.8 0.9 1.7 1.7 3.1 1.9 3.1 3.1 38

39 Money market mutual funds 67.7 90.4 102.5 128.6 121.6 115.8 117.4 130.6 137.0 137.4 134.4 39

40 Government-sponsored enterprises 67.6 72.5 63.4 68.9 90.9 105.3 119.6 104.9 107.3 118.0 116.1 40

41 Finance companies 126.4 165.7 184.4 187.9 189.6 188.0 220.4 266.2 273.8 250.7 211.7 41

42 REITs 21.2 21.1 22.0 22.5 22.6 23.5 24.1 25.0 24.4 28.6 29.6 42

43 Brokers and dealers 88.4 88.6 126.9 228.4 135.6 142.5 148.3 140.7 165.1 174.9 182.9 43

44 Discrepancy -2109.2 -2506.1 -3617.5 -3659.8 -3586.3 -3506.7 -3593.8 -3427.7 -3529.7 -3677.7 -3552.9 44