58 Z.1, March 10, 2005

L.1 Credit Market Debt Outstanding (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total credit market debt owed by: 27193.1 29162.5 31349.6 31883.3 32596.1 33287.8 34098.5 34713.1 35299.4 36055.8 36911.5 1

 2 Domestic nonfinancial sectors 18109.9 19225.7 20541.4 20829.7 21348.3 21775.1 22249.5 22679.5 23075.1 23608.0 24180.7 2

 3 Federal government 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 4293.0 4395.7 3

 4 Nonfederal sectors 14724.8 15846.3 16904.3 17129.2 17541.4 17860.6 18216.4 18510.5 18865.5 19315.0 19785.0 4

 5 Household sector 7018.0 7638.7 8368.9 8506.2 8749.5 9000.8 9231.5 9413.8 9662.5 9984.4 10264.2 5

 6 Nonfinancial corporate business 4536.2 4758.1 4785.7 4818.8 4892.0 4907.2 4953.6 4993.9 5021.9 5080.8 5193.7 6

 7 Nonfarm noncorporate business 1796.7 1959.3 2107.8 2139.8 2176.1 2217.2 2264.0 2298.7 2341.1 2386.9 2432.2 7

 8 Farm business 181.5 192.0 199.8 198.3 202.8 205.6 207.6 205.6 212.6 217.5 219.9 8

 9 State and local governments 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1598.6 1627.5 1645.4 1675.2 9

10 Rest of the world 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 648.3 656.8 714.5 10

11 Financial sectors 8373.7 9276.9 10142.8 10384.1 10594.6 10873.9 11199.2 11366.7 11575.9 11790.9 12016.3 11

12 Commercial banking 509.3 562.1 611.8 627.5 639.3 638.6 661.0 703.2 710.2 723.4 738.7 12

13 U.S.-chartered commercial banks 264.8 294.9 324.8 324.1 336.2 333.3 338.7 355.2 358.1 356.1 356.6 13

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

15 Bank holding companies 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 366.6 381.4 15

16 Savings institutions 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 308.2 333.3 16

17 Credit unions 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 9.9 11.4 17

18 Life insurance companies 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 8.6 11.1 18

19 Government-sponsored enterprises 1826.4 2130.6 2350.4 2406.8 2454.9 2569.9 2594.1 2598.7 2657.3 2684.3 2693.6 19

20 Agency- and GSE-backed mortgage pools 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 20

21 ABS issuers 1744.4 2000.6 2225.0 2298.9 2372.8 2422.9 2491.7 2535.5 2622.9 2720.3 2822.0 21

22 Finance companies 778.0 779.2 821.4 823.9 875.1 897.2 939.6 959.0 963.1 995.1 1057.7 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 168.0 171.2 195.7 199.1 202.6 213.6 227.7 244.4 255.3 291.2 299.2 24

25 Brokers and dealers 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.6 68.9 62.2 25

26 Funding corporations 503.9 449.3 448.8 464.0 427.2 417.2 447.4 456.1 440.8 421.3 428.5 26

27 Total credit market assets held by: 27193.1 29162.5 31349.6 31883.3 32596.1 33287.8 34098.5 34713.1 35299.4 36055.8 36911.5 27

28 Domestic nonfederal nonfinancial sectors 3479.1 3435.1 3377.6 3303.1 3317.1 3474.0 3641.3 3522.9 3598.9 3679.0 3771.1 28

29 Household sector 2336.5 2176.4 2074.8 2002.6 1983.6 2100.3 2242.1 2111.8 2152.2 2212.6 2265.0 29

30 Nonfinancial corporate business 256.8 258.5 280.1 276.2 293.6 312.6 316.5 316.1 329.5 338.7 354.0 30

31 Nonfarm noncorporate business 63.2 69.7 69.3 69.9 70.6 71.6 72.6 73.3 74.1 74.7 75.1 31

32 State and local governments 822.6 930.5 953.3 954.5 969.2 989.5 1010.1 1021.7 1043.1 1053.0 1077.0 32

33 Federal government 272.6 278.6 288.2 283.7 281.7 286.7 285.6 286.8 283.8 289.8 289.4 33

34 Rest of the world 2590.8 2916.9 3394.8 3489.7 3683.8 3772.2 3898.1 4128.4 4328.4 4480.9 4704.6 34

35 Financial sectors 20850.6 22531.8 24289.1 24806.8 25313.5 25754.9 26273.5 26775.0 27088.3 27606.0 28146.4 35

36 Monetary authority 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 700.3 717.8 36

37 Commercial banking 5006.3 5210.5 5614.9 5673.6 5831.3 5831.8 5960.8 6135.3 6270.2 6336.9 6541.0 37

38 U.S.-chartered commercial banks 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 5665.7 5734.3 5909.7 38

39 Foreign banking offices in U.S. 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.9 484.0 478.6 506.1 39

40 Bank holding companies 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 36.1 36.9 36.4 40

41 Banks in U.S.-affiliated areas 55.0 65.0 66.3 66.1 70.0 74.9 76.9 79.9 84.5 87.1 88.7 41

42 Savings institutions 1088.8 1133.4 1167.0 1214.6 1239.0 1261.5 1293.3 1370.8 1408.6 1453.0 1514.7 42

43 Credit unions 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.2 541.5 547.9 557.0 43

44 Bank personal trusts and estates 222.8 194.7 195.6 194.9 194.3 193.7 193.2 193.4 193.7 193.9 194.2 44

45 Life insurance companies 1943.9 2074.8 2307.8 2377.0 2436.5 2471.6 2488.3 2546.1 2590.5 2638.9 2675.2 45

46 Other insurance companies 509.4 518.4 558.3 572.3 584.7 601.9 625.2 651.5 667.8 686.2 701.6 46

47 Private pension funds 624.0 637.3 663.0 659.6 654.9 665.5 677.2 688.5 694.2 705.5 712.0 47

48 State and local govt. retirement funds 752.8 711.7 697.7 687.0 700.8 696.7 706.7 708.3 718.5 708.2 708.2 48

49 Federal government retirement funds 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 66.0 68.8 68.8 49

50 Money market mutual funds 1290.9 1536.9 1511.6 1485.5 1479.6 1436.8 1398.5 1344.7 1271.3 1247.1 1260.8 50

51 Mutual funds 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1552.2 1557.6 1586.6 1624.2 51

52 Closed-end funds 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.8 161.2 161.3 164.7 52

53 Exchange-traded funds 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 6.6 7.2 8.2 53

54 Government-sponsored enterprises 1794.4 2099.1 2323.2 2389.8 2419.4 2549.7 2559.7 2552.0 2603.3 2638.0 2648.6 54

55 Agency- and GSE-backed mortgage pools 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 55

56 ABS issuers 1517.8 1747.9 1949.6 2017.5 2086.3 2131.5 2195.4 2234.4 2317.3 2410.4 2507.5 56

57 Finance companies 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.2 1009.9 1033.5 1082.2 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 37.5 46.2 71.7 70.2 78.7 85.7 95.2 118.8 125.8 156.5 165.8 59

60 Brokers and dealers 223.6 316.0 344.4 390.9 341.1 375.0 424.1 410.6 334.2 453.5 397.2 60

61 Funding corporations 332.2 244.5 186.1 231.3 225.9 254.8 274.0 312.5 307.0 296.5 322.0 61

(1) Excludes corporate equities and mutual fund shares.
Z.1, March 10, 2005 59

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Domestic 18109.9 19225.7 20541.4 20829.7 21348.3 21775.1 22249.5 22679.5 23075.1 23608.0 24180.7 1

 2 Federal government 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 4293.0 4395.7 2

 3 Treasury securities 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 4269.2 4371.8 3

 4 Budget agency secur. and mortgages 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 24.2 23.7 23.9 4

 5 Nonfederal, by instrument 14724.8 15846.3 16904.3 17129.2 17541.4 17860.6 18216.4 18510.5 18865.5 19315.0 19785.0 5

 6 Commercial paper 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 109.3 101.7 6

 7 Municipal securities and loans 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1940.4 1974.6 1994.3 2028.6 7

 8 Corporate bonds 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.6 2912.8 2947.4 8

 9 Bank loans n.e.c. 1335.0 1253.6 1166.2 1141.3 1128.4 1096.0 1130.6 1115.4 1135.6 1128.3 1161.3 9

10 Other loans and advances 932.1 941.0 961.3 957.2 966.8 958.0 971.3 969.5 976.8 981.0 1004.9 10

11 Mortgages 6729.0 7400.4 8214.9 8424.7 8697.2 8981.1 9210.9 9461.3 9734.2 10102.5 10389.7 11

12 Home 5126.3 5635.8 6309.6 6485.8 6703.7 6932.6 7105.1 7316.3 7541.1 7851.7 8071.1 12

13 Multifamily residential 388.6 428.8 465.7 476.1 494.2 512.4 535.9 540.7 556.7 564.5 576.6 13

14 Commercial 1103.9 1218.0 1314.2 1335.2 1369.6 1404.4 1436.3 1469.0 1498.0 1545.8 1599.6 14

15 Farm 110.2 117.8 125.5 127.6 129.7 131.7 133.6 135.3 138.3 140.5 142.5 15

16 Consumer credit 1739.1 1878.6 1961.8 1934.3 1963.2 2001.9 2050.1 2030.5 2042.2 2086.8 2151.4 16

17 Nonfederal, by sector 14724.8 15846.3 16904.3 17129.2 17541.4 17860.6 18216.4 18510.5 18865.5 19315.0 19785.0 17

18 Household sector 7018.0 7638.7 8368.9 8506.2 8749.5 9000.8 9231.5 9413.8 9662.5 9984.4 10264.2 18

19 Nonfinancial business 6514.4 6909.4 7093.4 7156.9 7270.9 7330.1 7425.2 7498.2 7575.5 7685.2 7845.7 19

20 Corporate 4536.2 4758.1 4785.7 4818.8 4892.0 4907.2 4953.6 4993.9 5021.9 5080.8 5193.7 20

21 Nonfarm noncorporate 1796.7 1959.3 2107.8 2139.8 2176.1 2217.2 2264.0 2298.7 2341.1 2386.9 2432.2 21

22 Farm 181.5 192.0 199.8 198.3 202.8 205.6 207.6 205.6 212.6 217.5 219.9 22

23 State and local governments 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1598.6 1627.5 1645.4 1675.2 23

 Foreign credit market debt

24 held in U.S. 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 648.3 656.8 714.5 24

25 Commercial paper 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 183.4 189.2 228.7 25

26 Bonds 468.0 443.5 410.0 402.5 377.5 375.3 381.9 377.0 363.5 369.5 383.6 26

27 Bank loans n.e.c. 70.5 63.2 68.6 67.6 59.7 61.0 60.9 59.2 60.9 58.7 63.4 27

28 Other loans and advances 50.2 46.4 44.1 43.7 42.9 42.0 42.0 40.8 40.5 39.5 38.8 28

29 Domestic and foreign 18819.5 19885.6 21206.9 21499.2 22001.5 22413.8 22899.3 23346.4 23723.5 24264.8 24895.2 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 8373.7 9276.9 10142.8 10384.1 10594.6 10873.9 11199.2 11366.7 11575.9 11790.9 12016.3 1

 2 Open market paper 1214.7 1169.4 1105.9 1076.5 1036.5 1025.7 1042.1 1055.0 1028.2 1022.0 1076.3 2

 3 GSE issues 1826.4 2130.6 2350.4 2406.8 2454.9 2569.9 2594.1 2598.7 2657.3 2684.3 2693.6 3

 4 Agency- and GSE-backed mortgage pool sec. 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 4

 5 Corporate bonds 2226.6 2491.8 2858.0 3011.6 3135.0 3216.3 3369.2 3472.8 3597.0 3759.3 3896.2 5

 6 Bank loans n.e.c. 91.1 104.1 105.6 93.4 99.1 103.1 100.8 104.8 99.2 112.3 113.6 6

 7 Other loans and advances 438.3 463.7 470.5 476.3 486.0 490.3 501.7 516.6 558.1 554.3 576.3 7

 8 Mortgages 83.4 85.6 93.8 92.8 93.9 97.3 102.1 108.7 112.7 115.1 117.7 8

 9 By sector 8373.7 9276.9 10142.8 10384.1 10594.6 10873.9 11199.2 11366.7 11575.9 11790.9 12016.3 9

10 Commercial banks 266.7 296.0 325.5 324.7 336.7 333.8 339.3 355.8 358.7 356.8 357.4 10

11 Bank holding companies 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 366.6 381.4 11

12 Savings institutions 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 308.2 333.3 12

13 Credit unions 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 9.9 11.4 13

14 Life insurance companies 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 8.6 11.1 14

15 Government-sponsored enterprises 1826.4 2130.6 2350.4 2406.8 2454.9 2569.9 2594.1 2598.7 2657.3 2684.3 2693.6 15

16 Agency- and GSE-backed mortgage pools 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 16

17 ABS issuers 1744.4 2000.6 2225.0 2298.9 2372.8 2422.9 2491.7 2535.5 2622.9 2720.3 2822.0 17

18 Brokers and dealers 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.6 68.9 62.2 18

19 Finance companies 778.0 779.2 821.4 823.9 875.1 897.2 939.6 959.0 963.1 995.1 1057.7 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 168.0 171.2 195.7 199.1 202.6 213.6 227.7 244.4 255.3 291.2 299.2 21

22 Funding corporations 503.9 449.3 448.8 464.0 427.2 417.2 447.4 456.1 440.8 421.3 428.5 22
60 Z.1, March 10, 2005

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

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total 27193.1 29162.5 31349.6 31883.3 32596.1 33287.8 34098.5 34713.1 35299.4 36055.8 36911.5 1

 2 Open market paper 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1314.2 1320.5 1406.7 2

 3 Treasury securities 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 4269.2 4371.8 3

 4 Agency- and GSE-backed securities 4347.0 4989.1 5536.3 5660.4 5771.1 5968.3 6108.1 6134.0 6205.0 6251.7 6260.1 4

 5 Municipal securities 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1940.4 1974.6 1994.3 2028.6 5

 6 Corporate and foreign bonds 4924.9 5514.1 5979.1 6167.5 6340.1 6443.3 6620.5 6747.7 6860.0 7041.5 7227.2 6

 7 Bank loans n.e.c. 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 1299.3 1338.3 7

 8 Other loans and advances 1420.5 1451.1 1475.9 1477.2 1495.7 1490.3 1515.0 1527.0 1575.4 1574.8 1619.9 8

 9 Mortgages 6812.4 7486.0 8308.7 8517.6 8791.1 9078.4 9313.0 9570.0 9846.8 10217.6 10507.5 9

10 Consumer credit 1739.1 1878.6 1961.8 1934.3 1963.2 2001.9 2050.1 2030.5 2042.2 2086.8 2151.4 10

 Memo:

 Selected claims not included above:

11 Corporate equities 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 15627.1 17204.4 11

12 Mutual fund shares 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4900.8 4959.4 4981.3 5435.3 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) 27193.1 29162.5 31349.6 31883.3 32596.1 33287.8 34098.5 34713.1 35299.4 36055.8 36911.5 1

 2 Official foreign exchange 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 58.9 58.7 62.2 2

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

 4 Treasury currency 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 26.5 26.7 26.7 4

 5 Foreign deposits 803.4 810.1 831.1 839.8 875.6 799.1 831.1 864.2 867.9 889.5 908.6 5

 6 Net interbank liabilities 221.2 191.4 205.9 175.5 123.3 163.7 203.5 117.8 135.9 102.6 140.3 6

 7 Checkable deposits and currency 1413.1 1603.2 1646.7 1645.3 1712.2 1707.2 1780.6 1791.8 1847.9 1857.4 1929.7 7

 8 Small time and savings deposits 2860.4 3127.6 3398.5 3502.2 3575.0 3600.9 3627.9 3721.5 3793.9 3831.0 3880.5 8

 9 Large time deposits 1052.6 1121.1 1171.3 1208.8 1222.2 1221.8 1233.2 1332.2 1379.3 1437.2 1500.7 9

10 Money market fund shares 1812.1 2240.7 2223.9 2156.1 2120.1 2057.3 2016.0 1971.9 1912.3 1866.3 1879.9 10

11 Security RPs 1197.3 1233.7 1340.3 1361.8 1444.9 1452.4 1567.5 1642.8 1597.4 1673.5 1651.4 11

12 Mutual fund shares 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4900.8 4959.4 4981.3 5435.3 12

13 Security credit 822.7 825.9 738.8 796.6 971.9 940.2 871.3 953.3 988.9 985.5 1030.7 13

14 Life insurance reserves 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1052.7 1069.6 1108.8 14

15 Pension fund reserves 8831.3 8330.2 7611.6 7539.0 8105.9 8296.9 8834.8 9005.8 9099.1 9086.1 9637.8 15

16 Trade payables 2747.7 2664.3 2740.1 2756.0 2816.7 2869.5 2937.2 2988.7 3050.0 3123.0 3214.3 16

17 Taxes payable 204.8 219.2 241.4 253.0 257.6 264.4 253.8 265.2 271.9 284.4 277.1 17

18 Investment in bank personal trusts 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 936.9 935.4 919.2 958.6 18

19 Miscellaneous 10532.6 11314.2 11951.6 12182.6 12112.4 12323.6 12499.9 12786.7 12866.6 13077.3 12837.1 19

20 Total liabilities 66114.0 68893.9 70934.5 71729.1 73929.3 75174.9 77444.7 79116.9 80145.6 81327.2 83393.5 20

 + Financial assets not included in

 liabilities:

21 Gold and SDRs 21.6 21.8 23.2 22.4 22.8 23.1 23.7 23.7 23.7 23.8 24.6 21

22 Corporate equities 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 15627.1 17204.4 22

23 Household equity in noncorp. bus. 4834.2 4949.2 5139.7 5202.2 5269.8 5368.3 5495.8 5581.2 5683.1 5828.2 5929.9 23

 - Liabilities not identified as assets:

24 Treasury currency -8.5 -8.6 -9.1 -9.2 -9.1 -9.3 -9.5 -9.6 -9.5 -9.6 -9.8 24

25 Foreign deposits 624.7 611.9 622.9 630.6 680.1 611.0 650.6 661.3 642.2 686.0 687.5 25

26 Net interbank transactions -4.3 11.1 15.3 19.3 6.3 18.1 12.6 16.5 27.5 20.5 26.9 26

27 Security RPs 396.6 348.1 370.6 253.2 324.3 314.4 351.6 337.2 296.3 284.7 240.4 27

28 Taxes payable 120.0 93.4 120.7 100.8 106.1 91.4 77.5 63.4 83.5 94.1 100.3 28

29 Miscellaneous -3615.3 -3665.9 -3516.4 -3406.0 -3503.4 -3358.0 -3469.7 -3617.0 -3466.3 -3366.7 -3785.6 29

 - Floats not included in assets:

30 Checkable deposits: Federal govt. -2.3 -12.3 -11.7 -7.7 -7.9 -15.9 -17.9 1.1 0.1 3.1 11.2 30

31 Other 22.0 21.6 20.9 16.7 20.1 12.7 20.8 17.4 21.5 14.7 23.6 31

32 Trade credit 3.7 6.6 113.7 47.2 14.4 21.0 81.6 29.2 -18.2 -9.5 75.1 32

33 Totals identified to sectors as assets 91060.0 91769.8 90241.7 90734.8 94869.6 96635.9 100763.5 103055.1 104258.1 105089.1 109182.6 33
Z.1, March 10, 2005 61

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

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 30341.2 28910.4 26458.6 26287.3 28060.1 28697.5 30467.8 30981.5 31250.0 31131.6 32876.7 1

 2 Foreign deposits 63.5 58.5 74.2 80.7 74.8 70.3 65.2 84.9 85.0 85.2 101.4 2

 3 Checkable deposits and currency 522.5 626.4 661.9 670.2 661.2 621.5 632.6 667.1 665.9 666.4 719.8 3

 4 Time and savings deposits 3213.8 3425.9 3707.8 3853.2 3915.2 3986.8 4041.0 4225.2 4274.4 4347.3 4463.7 4

 5 Money market fund shares 1020.1 1188.2 1146.1 1133.8 1085.0 1037.6 1038.1 1025.0 967.7 916.5 943.6 5

 6 Securities 12899.0 11365.5 9357.5 9059.2 10056.7 10455.9 11525.6 11531.0 11624.6 11443.8 12245.7 6

 7 Open market paper 82.6 85.7 98.9 105.0 97.5 99.0 94.9 105.3 107.8 111.8 126.8 7

 8 U.S. savings bonds 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 204.1 204.4 8

 9 Other Treasury securities 474.7 339.0 193.3 232.8 305.9 269.2 305.7 261.4 280.8 253.9 310.0 9

10 Agency- and GSE-backed securities 432.1 350.0 200.5 147.4 65.7 263.1 389.7 281.8 304.9 400.8 349.3 10

11 Municipal securities 440.5 492.8 589.0 590.6 616.8 607.2 620.4 633.1 651.5 653.3 665.5 11

12 Corporate and foreign bonds 645.5 637.9 706.8 635.8 601.9 561.1 526.5 522.5 496.5 480.1 497.8 12

13 Corporate equities (2) 7806.2 6604.2 5047.8 4858.4 5553.8 5708.9 6375.8 6309.9 6330.0 6056.6 6521.6 13

14 Mutual fund shares 2832.8 2665.6 2326.3 2292.4 2616.0 2745.8 3008.8 3212.7 3248.5 3283.3 3570.4 14

15 Private life insurance reserves 782.7 842.2 881.6 896.9 919.9 933.1 972.7 993.8 1011.7 1028.6 1067.3 15

16 Private insured pension reserves 1465.9 1494.6 1583.8 1615.8 1692.9 1731.7 1786.5 1833.9 1868.8 1893.8 2002.8 16

17 Private noninsured pension reserves 4402.6 3964.0 3356.9 3311.0 3645.7 3744.0 4072.6 4181.1 4220.7 4199.7 4490.6 17

18 Govt. insurance and pension reserves 2999.3 2909.4 2710.3 2651.6 2807.1 2861.1 3016.2 3031.2 3050.5 3033.6 3186.0 18

19 Investment in bank personal trusts 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 936.9 935.4 919.2 958.6 19

20 Miscellaneous and other assets 1876.0 2075.0 2137.8 2195.3 2324.7 2370.4 2385.0 2471.3 2545.2 2597.5 2697.4 20

21 Total liabilities 10283.7 11087.7 11981.0 12184.2 12582.9 12884.0 13141.7 13399.6 13741.5 14134.3 14542.7 21

22 Mortgage debt on nonfarm homes 5112.9 5620.2 6293.4 6469.2 6686.6 6915.1 7087.1 7297.4 7521.3 7830.7 8049.0 22

23 Other mortgage debt (3) 1246.9 1351.6 1444.2 1471.6 1498.5 1530.8 1541.5 1566.1 1596.5 1624.4 1652.8 23

24 Consumer credit 1739.1 1878.6 1961.8 1934.3 1963.2 2001.9 2050.1 2030.5 2042.2 2086.8 2151.4 24

25 Policy loans 102.8 105.0 106.1 105.6 105.9 105.4 105.5 105.4 105.9 106.7 107.1 25

26 Security credit 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 217.1 209.9 263.4 26

27 Other liabilities (3) 1846.9 1935.9 2027.3 2044.0 2080.1 2103.2 2175.1 2198.9 2258.5 2275.9 2319.0 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, March 10, 2005

L.100 Households and Nonprofit Organizations (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 33678.7 32210.7 29866.6 29728.9 31534.1 32231.5 34092.1 34654.9 34980.2 34959.5 36758.5 1

 2 Deposits 4339.5 4800.7 5071.8 5217.5 5212.6 5192.4 5251.8 5477.7 5465.2 5484.6 5693.8 2

 3 Foreign deposits 63.5 58.5 74.2 80.7 74.8 70.3 65.2 84.9 85.0 85.2 101.4 3

 4 Checkable deposits and currency 229.0 331.8 361.3 368.1 356.8 315.3 324.3 357.1 354.9 354.2 407.6 4

 5 Time and savings deposits 3076.3 3281.2 3551.7 3694.9 3754.6 3824.8 3877.4 4060.0 4106.6 4177.0 4291.1 5

 6 Money market fund shares 970.7 1129.2 1084.7 1073.8 1026.3 982.0 985.0 975.8 918.7 868.1 893.7 6

 7 Credit market instruments 2336.5 2176.4 2074.8 2002.6 1983.6 2100.3 2242.1 2111.8 2152.2 2212.6 2265.0 7

 8 Open market paper 82.6 85.7 98.9 105.0 97.5 99.0 94.9 105.3 107.8 111.8 126.8 8

 9 Treasury securities 619.2 486.5 345.4 386.8 461.9 427.2 465.2 420.9 440.0 412.2 468.0 9

10 Savings bonds 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 204.1 204.4 10

11 Other Treasury 434.5 296.2 150.5 190.0 262.8 225.7 261.4 216.5 235.4 208.0 263.6 11

12 Agency- and GSE-backed securities 432.1 350.0 200.5 147.4 65.7 263.1 389.7 281.8 304.9 400.8 349.3 12

13 Municipal securities 438.0 489.3 585.6 587.2 613.4 603.7 616.8 629.5 647.8 649.6 661.7 13

14 Corporate and foreign bonds 645.5 637.9 706.8 635.8 601.9 561.1 526.5 522.5 496.5 480.1 497.8 14

15 Mortgages 119.1 127.0 137.6 140.4 143.3 146.1 149.0 152.0 155.2 158.3 161.4 15

16 Corporate equities (2) 7806.2 6604.2 5047.8 4858.4 5553.8 5708.9 6375.8 6309.9 6330.0 6056.6 6521.6 16

17 Mutual fund shares 2832.8 2665.6 2326.3 2292.4 2616.0 2745.8 3008.8 3212.7 3248.5 3283.3 3570.4 17

18 Security credit 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 535.0 524.3 571.6 18

19 Life insurance reserves 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1052.7 1069.6 1108.8 19

20 Pension fund reserves 8831.3 8330.2 7611.6 7539.0 8105.9 8296.9 8834.8 9005.8 9099.1 9086.1 9637.8 20

21 Investment in bank personal trusts 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 936.9 935.4 919.2 958.6 21

22 Equity in noncorporate business 4834.2 4949.2 5139.7 5202.2 5269.8 5368.3 5495.8 5581.2 5683.1 5828.2 5929.9 22

23 Miscellaneous assets 370.9 389.4 420.0 431.3 440.6 457.5 462.0 471.5 479.0 495.0 501.0 23

24 Total liabilities 7407.4 7987.1 8676.9 8828.1 9162.6 9395.0 9582.7 9785.8 10053.4 10370.7 10706.5 24

25 Credit market instruments 7018.0 7638.7 8368.9 8506.2 8749.5 9000.8 9231.5 9413.8 9662.5 9984.4 10264.2 25

26 Home mortgages (3) 4821.2 5285.8 5909.5 6071.1 6271.6 6485.7 6643.1 6838.2 7048.3 7338.9 7542.8 26

27 Consumer credit 1739.1 1878.6 1961.8 1934.3 1963.2 2001.9 2050.1 2030.5 2042.2 2086.8 2151.4 27

28 Municipal securities 143.0 156.9 169.8 173.6 177.3 180.6 183.9 186.7 190.9 191.4 193.7 28

29 Bank loans n.e.c. 74.2 57.7 54.3 50.4 60.6 51.5 93.9 92.1 110.9 91.1 97.4 29

30 Other loans and advances 119.8 120.4 120.7 120.0 120.1 119.4 119.3 119.1 119.2 119.6 119.7 30

31 Commercial mortgages 120.7 139.4 152.8 156.8 156.7 161.7 141.2 147.2 151.1 156.6 159.1 31

32 Security credit 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 217.1 209.9 263.4 32

33 Trade payables 134.7 132.9 139.8 141.7 143.6 145.7 147.7 149.9 152.1 154.4 156.7 33

 Deferred and unpaid

34 life insurance premiums 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 22.0 22.2 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, March 10, 2005 63

L.101 Nonfinancial Business (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 11257.5 11541.6 11689.1 11776.3 12016.0 12150.4 12399.9 12593.6 12784.7 12934.9 13139.2 1

 2 Foreign deposits 24.0 15.5 20.0 27.5 32.0 35.5 41.2 44.7 51.8 41.8 44.3 2

 3 Checkable deposits and currency 674.9 626.5 613.7 589.6 627.5 677.6 709.7 696.7 706.1 737.6 716.9 3

 4 Time and savings deposits 274.9 275.8 283.7 294.1 310.1 322.9 335.6 342.5 354.5 384.9 376.0 4

 5 Money market fund shares 240.8 360.9 390.1 384.1 372.3 348.1 344.1 340.2 343.3 336.7 329.5 5

 6 Security RPs 4.2 4.0 6.2 8.3 8.9 7.6 5.9 6.7 6.4 6.0 6.0 6

 7 Credit market instruments 320.0 328.2 349.5 346.0 364.2 384.2 389.0 389.4 403.6 413.4 429.1 7

 8 Commercial paper 57.8 60.2 64.7 65.2 74.4 81.4 79.6 78.6 78.0 79.7 81.2 8

 9 Treasury securities 58.3 59.3 74.2 78.3 82.4 89.4 95.8 100.0 106.5 112.6 114.3 9

10 Agency- and GSE-backed securities 15.4 17.2 16.9 18.4 21.1 23.3 25.1 28.0 31.5 33.7 34.3 10

11 Municipal securities 34.4 32.8 35.5 35.8 37.4 40.8 42.8 44.4 48.0 50.3 47.7 11

12 Mortgages 64.2 70.0 71.8 72.8 73.8 74.7 75.4 76.0 76.7 77.2 77.7 12

13 Consumer credit 90.0 88.8 86.4 75.5 75.1 74.6 70.3 62.5 62.9 59.9 73.9 13

14 Mutual fund shares 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 122.5 118.7 128.9 14

15 Trade receivables 2272.9 2146.1 2084.7 2142.7 2222.7 2262.3 2259.1 2347.2 2441.1 2501.6 2504.6 15

16 Miscellaneous assets 7321.8 7673.5 7844.4 7891.5 7972.2 8003.8 8194.2 8303.7 8355.4 8394.1 8604.0 16

17 Total liabilities 12487.6 12910.1 13253.1 13345.7 13488.0 13587.6 13710.4 13856.5 13969.4 14093.6 14213.0 17

18 Credit market instruments 6514.4 6909.4 7093.4 7156.9 7270.9 7330.1 7425.2 7498.2 7575.5 7685.2 7845.7 18

19 Commercial paper 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 109.3 101.7 19

20 Municipal securities 154.2 157.7 160.8 160.9 162.0 162.8 164.2 164.8 166.0 167.3 169.5 20

21 Corporate bonds 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.6 2912.8 2947.4 21

22 Bank loans n.e.c. 1260.8 1195.9 1111.9 1091.0 1067.8 1044.5 1036.7 1023.3 1024.7 1037.2 1063.9 22

23 Other loans and advances 803.6 811.6 831.2 827.7 837.1 829.0 842.4 840.8 847.9 851.6 875.3 23

24 Mortgages 1787.1 1975.3 2152.6 2196.8 2268.9 2333.7 2426.6 2475.9 2534.8 2607.0 2687.8 24

25 Trade payables 1822.2 1711.0 1761.9 1764.2 1809.0 1856.1 1916.2 1947.9 1999.7 2060.9 2136.9 25

26 Taxes payable 142.6 149.7 163.1 171.9 173.5 177.2 164.3 172.0 175.8 184.7 174.2 26

27 Miscellaneous liabilities 4008.3 4140.0 4234.8 4252.7 4234.7 4224.2 4204.6 4238.4 4218.4 4162.8 4056.1 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
64 Z.1, March 10, 2005

L.102 Nonfarm Nonfinancial Corporate Business

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 9772.5 9898.9 9962.3 10020.8 10225.8 10322.3 10534.4 10691.6 10837.5 10940.8 11096.9 1

 2 Foreign deposits 24.0 15.5 20.0 27.5 32.0 35.5 41.2 44.7 51.8 41.8 44.3 2

 3 Checkable deposits and currency 381.4 331.9 313.0 287.5 323.2 371.3 401.4 386.7 395.1 425.4 404.7 3

 4 Time and savings deposits 137.3 131.1 127.5 135.7 149.6 160.8 172.0 177.3 186.6 214.7 203.5 4

 5 Money market fund shares 191.4 301.9 328.8 324.1 313.6 292.6 291.0 291.0 294.3 288.4 279.6 5

 6 Security RPs 4.2 4.0 6.2 8.3 8.9 7.6 5.9 6.7 6.4 6.0 6.0 6

 7 Commercial paper 57.8 60.2 64.7 65.2 74.4 81.4 79.6 78.6 78.0 79.7 81.2 7

 8 Treasury securities 18.1 16.5 31.4 35.5 39.3 45.8 51.5 55.1 61.1 66.7 68.0 8

 9 Agency- and GSE-backed securities 15.4 17.2 16.9 18.4 21.1 23.3 25.1 28.0 31.5 33.7 34.3 9

10 Municipal securities 31.9 29.3 32.1 32.4 34.0 37.3 39.3 40.8 44.3 46.5 44.0 10

11 Mortgages 43.5 46.6 48.7 49.2 49.7 50.2 50.7 51.2 51.7 52.2 52.7 11

12 Consumer credit 90.0 88.8 86.4 75.5 75.1 74.6 70.3 62.5 62.9 59.9 73.9 12

13 Trade receivables 1930.7 1802.2 1721.9 1766.8 1834.6 1857.8 1840.7 1913.9 1992.0 2036.5 2022.4 13

14 Mutual fund shares 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 122.5 118.7 128.9 14

15 Miscellaneous assets 6722.6 6942.7 7067.8 7102.2 7164.2 7175.6 7344.6 7432.7 7459.3 7470.6 7653.6 15

16 U.S. direct investment abroad (1) 1322.2 1456.2 1575.9 1609.6 1641.3 1682.2 1759.2 1802.7 1855.6 1895.0 1922.7 16

17 Insurance receivables 190.4 200.8 218.2 224.2 228.6 235.8 236.6 240.8 245.9 255.7 258.1 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. 51.3 49.6 44.1 43.9 48.3 47.9 49.9 52.5 54.1 56.3 59.1 19

20 Other 5158.7 5236.2 5229.7 5224.5 5246.0 5209.6 5298.9 5336.7 5303.7 5263.5 5413.7 20

21 Total liabilities 9611.4 9809.5 9949.1 9989.6 10067.8 10098.6 10151.3 10242.7 10281.3 10330.0 10376.8 21

22 Credit market instruments 4536.2 4758.1 4785.7 4818.8 4892.0 4907.2 4953.6 4993.9 5021.9 5080.8 5193.7 22

23 Commercial paper 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 109.3 101.7 23

24 Municipal securities (2) 154.2 157.7 160.8 160.9 162.0 162.8 164.2 164.8 166.0 167.3 169.5 24

25 Corporate bonds (1) 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.6 2912.8 2947.4 25

26 Bank loans n.e.c. 852.7 743.7 635.5 621.8 602.1 579.9 571.1 558.1 552.3 559.7 580.2 26

27 Other loans and advances 651.3 659.1 675.1 671.7 680.7 669.3 680.7 679.7 685.2 684.3 706.9 27

28 Savings institutions 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 27.7 33.6 32.1 28

29 Finance companies 412.6 402.3 409.7 408.5 410.2 401.0 411.7 428.1 424.2 410.7 426.3 29

30 Federal government 7.6 7.4 7.0 7.3 7.5 7.6 7.8 8.0 8.1 8.2 8.3 30

31 Acceptance liabilities to banks 4.3 4.1 4.4 4.7 4.4 4.2 4.2 3.7 4.2 3.7 3.8 31

32 Rest of the world 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 119.4 121.7 131.2 32

33 ABS issuers 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.6 101.6 106.3 105.3 33

34 Mortgages 369.3 428.6 477.3 484.0 512.0 535.2 582.4 597.8 616.3 647.5 687.9 34

35 Trade payables 1541.4 1437.7 1461.7 1456.1 1489.3 1521.7 1570.7 1590.3 1626.4 1672.3 1732.1 35

36 Taxes payable 78.0 81.0 93.0 97.2 96.4 99.0 84.8 91.1 93.9 101.6 90.2 36

37 Miscellaneous liabilities 3455.7 3532.7 3608.7 3617.5 3590.1 3570.7 3542.1 3567.4 3539.0 3475.3 3360.8 37

38 Foreign direct investment in U.S. 1171.6 1146.6 1087.7 1100.7 1083.1 1080.6 1100.3 1113.4 1096.3 1118.2 1137.5 38

39 Pension fund contributions payable 121.3 121.9 122.0 120.4 118.3 118.8 120.6 120.5 119.8 120.2 118.2 39

40 Other 2162.8 2264.2 2399.0 2396.4 2388.7 2371.3 2321.2 2333.5 2322.9 2236.9 2105.1 40

 Memo:

41 Trade receivables net of payables 389.3 364.5 260.2 310.8 345.3 336.1 270.0 323.6 365.6 364.2 290.3 41

42 Market value of equities 12678.8 10796.2 7907.1 7647.5 8824.6 9050.7 10154.9 10241.4 10443.7 10037.5 10843.5 42

43 Securities and mortgages 2753.8 3165.1 3349.1 3398.3 3501.6 3549.6 3615.9 3660.5 3681.9 3727.5 3804.8 43

44 Loans and short-term paper 1782.4 1593.0 1436.6 1420.5 1390.3 1357.6 1337.7 1333.4 1340.0 1353.3 1388.8 44

45 Total short-term liabilities (3) 3401.8 3111.7 2991.2 2973.8 2976.1 2978.3 2993.3 3014.8 3060.3 3127.2 3211.2 45

46 Total liquid assets (4) 985.6 1018.6 1037.6 1027.2 1102.2 1164.1 1228.0 1231.4 1271.6 1321.6 1294.4 46

 Analytical measures (percent)

47 Long-term debt/credit market debt 60.7 66.5 70.0 70.5 71.6 72.3 73.0 73.3 73.3 73.4 73.3 47

48 Short-term debt/credit market debt 39.3 33.5 30.0 29.5 28.4 27.7 27.0 26.7 26.7 26.6 26.7 48

49 Liquid assets/short-term liabilities 29.0 32.7 34.7 34.5 37.0 39.1 41.0 40.8 41.6 42.3 40.3 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, March 10, 2005 65

L.103 Nonfarm Noncorporate Business

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1420.1 1575.4 1655.0 1682.2 1715.8 1751.9 1788.9 1824.5 1868.2 1912.6 1960.2 1

 2 Checkable deposits and currency 274.1 274.5 280.1 281.6 283.8 285.7 287.7 289.4 290.3 291.4 291.3 2

 3 Time and savings deposits 137.6 144.7 156.2 158.3 160.6 162.0 163.6 165.2 167.8 170.2 172.5 3

 4 Money market fund shares 49.4 59.0 61.3 60.0 58.7 55.6 53.1 49.2 49.0 48.3 49.9 4

 5 Treasury securities 40.2 42.8 42.8 42.9 43.1 43.6 44.3 44.9 45.4 45.9 46.3 5

 6 Municipal securities 2.4 3.5 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.7 3.8 6

 7 Mortgages 20.6 23.3 23.1 23.6 24.1 24.5 24.7 24.8 25.0 25.1 25.0 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 342.1 343.9 362.8 375.9 388.1 404.5 418.4 433.3 449.1 465.1 482.2 9

10 Miscellaneous assets 553.7 683.6 725.2 736.6 754.1 772.6 793.6 814.1 837.9 862.9 889.2 10

11 Insurance receivables 45.8 48.3 52.5 53.9 55.0 56.7 56.9 57.9 59.1 60.5 61.1 11

12 Equity investment in GSEs (1) 1.6 1.8 1.8 1.9 1.8 1.8 2.1 2.2 2.1 2.0 2.0 12

13 Other 506.2 633.5 671.0 680.8 697.3 714.1 734.6 753.9 776.7 800.4 826.2 13

14 Total liabilities 2673.9 2890.3 3085.0 3138.5 3197.4 3263.1 3331.2 3389.1 3455.1 3524.7 3594.8 14

15 Credit market instruments 1796.7 1959.3 2107.8 2139.8 2176.1 2217.2 2264.0 2298.7 2341.1 2386.9 2432.2 15

16 Bank loans n.e.c. 361.2 405.3 430.4 425.8 420.7 419.2 420.1 422.2 426.4 429.9 436.0 16

17 Other loans and advances 127.8 125.3 127.6 128.6 128.2 131.2 133.3 133.7 134.6 138.0 138.8 17

18 Mortgages 1307.6 1428.8 1549.8 1585.3 1627.2 1666.8 1710.6 1742.8 1780.1 1819.0 1857.4 18

19 Trade payables 259.9 255.0 281.0 288.9 299.6 314.1 325.2 338.4 352.7 367.2 383.3 19

20 Taxes payable 64.6 68.7 70.2 74.7 77.1 78.3 79.5 80.9 81.9 83.1 84.0 20

21 Miscellaneous liabilities 552.6 607.3 626.1 635.2 644.6 653.5 662.5 671.0 679.3 687.5 695.4 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 64.9 67.3 71.9 73.3 74.4 76.2 76.6 77.6 79.0 81.5 82.1 1

 2 Checkable deposits and currency 19.4 20.0 20.5 20.6 20.6 20.6 20.6 20.7 20.8 20.8 20.9 2

 3 Miscellaneous assets 45.5 47.3 51.4 52.7 53.9 55.6 56.0 56.9 58.2 60.7 61.2 3

 4 Insurance receivables 43.9 45.3 49.3 50.7 51.7 53.3 53.5 54.5 55.7 57.9 58.5 4

 5 Equity investment in GSEs (2) 1.6 2.0 2.1 2.1 2.2 2.3 2.5 2.4 2.6 2.7 2.7 5

 6 Total liabilities 202.4 210.3 219.0 217.6 222.8 225.9 227.8 224.7 233.0 238.9 241.4 6

 7 Credit market instruments 181.5 192.0 199.8 198.3 202.8 205.6 207.6 205.6 212.6 217.5 219.9 7

 8 Bank loans n.e.c. 46.9 46.9 46.0 43.4 45.0 45.4 45.5 42.9 46.0 47.6 47.7 8

 9 Other loans and advances 24.4 27.3 28.4 27.4 28.2 28.5 28.5 27.4 28.2 29.3 29.6 9

10 Mortgages 110.2 117.8 125.5 127.6 129.7 131.7 133.6 135.3 138.3 140.5 142.5 10

11 Trade payables 20.9 18.3 19.2 19.3 20.0 20.2 20.3 19.1 20.5 21.4 21.5 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.
66 Z.1, March 10, 2005

L.105 State and Local Governments (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1683.2 1756.5 1794.7 1800.7 1833.8 1864.1 1905.0 1932.8 1966.7 1987.2 2033.0 1

 2 Checkable deposits and currency 33.2 38.2 46.7 44.9 48.9 48.9 55.2 52.1 48.6 47.2 50.1 2

 3 Time and savings deposits 118.7 129.9 137.6 138.5 142.0 143.8 147.2 149.0 151.5 153.6 171.1 3

 4 Money market fund shares 34.1 53.7 56.0 54.3 51.5 46.9 46.6 45.3 46.4 47.2 48.7 4

 5 Security RPs 159.8 137.6 132.7 133.4 136.3 137.9 140.7 144.7 146.7 148.4 146.4 5

 6 Credit market instruments 822.6 930.5 953.3 954.5 969.2 989.5 1010.1 1021.7 1043.1 1053.0 1077.0 6

 7 Open market paper 121.2 107.6 113.3 114.3 118.1 120.1 123.8 125.3 127.9 130.1 137.8 7

 8 Treasury securities 297.2 339.4 351.5 348.3 345.0 355.6 358.8 365.4 374.7 374.3 382.1 8

 9 Agency- and GSE-backed securities 198.1 253.5 256.5 258.6 266.9 271.3 279.3 279.8 285.5 290.2 293.9 9

10 Municipal securities 3.8 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 4.6 4.7 10

11 Corporate and foreign bonds 70.0 95.6 103.8 104.5 107.1 108.5 111.1 112.4 114.2 115.7 117.2 11

12 Mortgages 132.4 130.4 124.0 124.8 127.9 129.6 132.6 134.2 136.4 138.2 141.4 12

13 Corporate equities 97.1 100.7 80.3 79.5 81.5 82.6 84.5 85.5 86.9 88.0 89.1 13

14 Mutual fund shares 21.2 24.3 24.2 26.4 22.4 23.3 25.6 26.2 26.6 26.9 28.3 14

15 Trade receivables 111.4 116.5 118.1 118.8 121.8 123.4 126.3 127.8 129.9 131.6 134.7 15

16 Taxes receivable 42.4 46.1 56.5 62.2 66.5 69.9 73.5 77.9 84.5 89.8 93.9 16

17 Miscellaneous assets 242.7 179.0 189.5 188.1 193.7 197.9 195.2 202.5 202.7 201.6 193.5 17

18 Total liabilities 1828.3 1959.2 2131.8 2163.4 2225.8 2242.3 2279.9 2326.5 2363.5 2389.4 2427.5 18

19 Credit market instruments 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.7 1598.6 1627.5 1645.4 1675.2 19

20 Municipal securities 1183.6 1289.2 1432.6 1456.6 1511.4 1520.1 1550.1 1588.9 1617.8 1635.6 1665.3 20

21 Short-term 45.1 69.0 94.2 92.8 92.4 95.2 101.3 105.2 87.3 93.5 95.0 21

22 Other 1138.5 1220.2 1338.4 1363.8 1418.9 1425.0 1448.8 1483.7 1530.4 1542.1 1570.3 22

23 U.S. government loans 8.7 8.9 9.4 9.5 9.6 9.6 9.7 9.7 9.7 9.8 9.9 23

24 Trade payables 635.9 661.1 689.8 697.3 704.8 712.5 720.2 727.9 736.0 744.0 752.3 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 513.8 614.9 611.4 614.4 639.4 657.3 653.2 649.0 651.8 641.9 614.8 1

 2 Gold, SDRs, and official foreign exchange 41.0 43.1 51.1 51.7 52.9 54.8 55.1 54.3 52.3 52.0 54.5 2

 3 Checkable deposits and currency 24.3 66.9 47.5 23.3 41.8 53.3 54.1 22.7 46.8 35.4 21.9 3

 4 Time and savings deposits 6.3 10.5 27.6 18.4 27.8 9.1 2.4 1.9 2.1 2.2 2.4 4

 5 Credit market instruments 272.6 278.6 288.2 283.7 281.7 286.7 285.6 286.8 283.8 289.8 289.4 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 128.6 122.7 119.1 119.1 118.5 117.7 117.7 117.1 116.9 116.1 115.6 7

 8 Mortgages 76.9 75.8 76.3 73.9 74.0 73.6 73.8 75.8 74.3 74.5 75.4 8

 9 Consumer credit (1) 67.0 80.1 92.8 90.6 89.1 95.3 94.1 93.9 92.6 99.2 98.4 9

10 Trade receivables 28.1 35.5 32.2 45.6 48.7 48.4 51.3 57.6 61.0 59.6 60.9 10

11 Taxes receivable 42.4 79.8 64.3 90.0 85.0 103.1 102.8 123.9 103.9 100.5 82.9 11

12 Miscellaneous assets 99.1 100.4 100.5 101.6 101.5 101.9 101.9 101.9 101.9 102.4 102.9 12

13 Total liabilities 4227.2 4288.2 4575.9 4623.6 4743.8 4864.1 5010.4 5139.3 5193.6 5295.5 5438.0 13

14 SDR certificates 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 14

15 Treasury currency 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 26.5 26.7 26.7 15

16 Credit market instruments 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 4293.0 4395.7 16

17 Savings bonds 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 204.1 204.4 17

18 Other Treasury securities 3173.0 3162.4 3414.9 3476.8 3580.8 3686.0 3804.4 3939.4 3980.8 4065.1 4167.4 18

19 Budget agency securities 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 24.2 23.7 23.9 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 69.0 72.3 73.6 78.0 78.2 79.1 77.3 81.7 84.5 86.2 91.5 21

22 Insurance reserves 36.4 37.8 39.4 39.4 39.8 39.9 40.5 40.5 40.9 41.0 41.6 22

23 Miscellaneous liabilities (2) 711.3 772.0 798.2 777.9 790.7 802.3 831.3 819.8 829.8 846.5 880.3 23

24 Nonmarketable securities held by pension plans 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 824.3 855.9 24

25 Other 6.4 6.2 7.9 10.1 12.0 14.2 16.3 18.6 20.6 22.1 24.4 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, March 10, 2005 67

L.107 Rest of the World

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 6584.9 6965.8 7441.1 7656.8 7809.1 7834.3 8193.7 8609.5 8768.8 8907.5 9288.1 1

 2 Net interbank assets 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 34.9 13.4 46.9 2

 3 U.S. checkable deposits and currency 286.9 305.7 326.6 333.4 349.9 343.2 351.3 352.6 374.2 376.2 401.9 3

 4 U.S. time deposits 108.7 120.6 152.3 154.6 155.9 122.3 124.8 121.0 169.8 174.3 153.3 4

 5 Security RPs 91.3 150.7 190.1 360.5 364.6 420.3 460.2 528.7 550.7 599.6 646.7 5

 6 Credit market instruments 2590.8 2916.9 3394.8 3489.7 3683.8 3772.2 3898.1 4128.4 4328.4 4480.9 4704.6 6

 7 Open market paper 90.1 87.5 97.8 91.3 102.0 95.2 107.7 113.9 119.4 118.7 128.3 7

 8 Treasury securities 1021.4 1063.1 1254.1 1296.2 1392.6 1462.5 1499.2 1661.9 1759.4 1813.7 1870.3 8

 9 Official 639.8 704.6 796.4 826.7 869.4 893.3 956.7 1058.4 1121.3 1167.0 1196.4 9

10 Private 381.6 358.5 457.7 469.4 523.2 569.1 542.5 603.5 638.1 646.6 673.8 10

11 Agency- and GSE-backed securities 441.4 534.7 650.2 663.9 678.0 650.3 666.7 686.4 724.6 733.6 799.4 11

12 Official 116.4 126.9 158.4 168.0 171.3 174.6 188.4 201.4 203.6 209.7 238.8 12

13 Private 325.1 407.8 491.7 495.9 506.7 475.7 478.4 485.1 521.0 523.9 560.7 13

14 U.S. corporate bonds (1) 920.6 1115.9 1266.9 1323.4 1385.2 1439.0 1499.5 1552.7 1605.6 1693.3 1775.5 14

15 Loans to U.S. corporate business 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 119.4 121.7 131.2 15

16 U.S. corporate equities 1643.2 1572.7 1260.8 1190.2 1405.7 1437.8 1669.0 1707.6 1710.7 1705.2 1906.1 16

17 Trade receivables 47.0 43.9 47.0 47.3 46.9 46.3 48.7 48.9 50.5 48.3 46.0 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 1655.8 1739.8 1949.8 1989.1 1752.7 1615.7 1521.3 1686.4 1549.6 1509.6 1382.6 19

20 Foreign direct investment in U.S. (2) 1421.0 1513.5 1505.2 1537.3 1538.6 1537.0 1554.0 1564.0 1598.3 1653.0 1716.9 20

21 Other 234.8 226.3 444.6 451.8 214.1 78.7 -32.7 122.5 -48.8 -143.4 -334.3 21

22 Total liabilities 3490.2 3650.1 3981.8 4168.1 3913.6 3812.7 4064.5 4157.3 4238.5 4355.9 4116.0 22

 U.S. official foreign exchange

23 and net IMF position 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 58.9 58.7 62.2 23

24 U.S. private deposits 803.4 810.1 831.1 839.8 875.6 799.1 831.1 864.2 867.9 889.5 908.6 24

25 Credit market instruments 709.6 659.9 665.5 669.4 653.2 638.7 649.8 666.9 648.3 656.8 714.5 25

26 Commercial paper 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 183.4 189.2 228.7 26

27 Bonds 468.0 443.5 410.0 402.5 377.5 375.3 381.9 377.0 363.5 369.5 383.6 27

28 Bank loans n.e.c. 70.5 63.2 68.6 67.6 59.7 61.0 60.9 59.2 60.9 58.7 63.4 28

29 Official 3.5 4.3 5.1 4.7 4.7 4.4 4.6 4.9 5.3 5.1 5.5 29

30 Banks 13.2 5.9 5.1 5.5 4.9 3.9 3.7 4.4 5.9 5.1 6.5 30

31 Other 53.8 53.1 58.4 57.4 50.1 52.8 52.7 49.9 49.8 48.6 51.4 31

32 U.S. government loans 47.0 45.9 44.0 43.6 42.8 41.9 41.8 40.7 40.3 39.2 38.5 32

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

34 Trade payables 49.9 47.8 37.6 46.3 45.7 43.7 47.5 46.8 45.7 43.3 40.8 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 1881.2 2085.6 2391.8 2554.9 2280.1 2269.9 2473.8 2517.9 2617.6 2707.5 2389.8 36

37 U.S. equity in IBRD, etc. 35.4 37.1 38.6 38.9 39.3 39.7 40.0 40.3 40.8 41.7 42.4 37

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

39 U.S. direct investment abroad (1,2) 1531.6 1686.6 1840.0 1884.6 1922.3 1969.8 2069.0 2120.2 2181.5 2227.9 2263.8 39

40 Other 311.5 359.2 510.4 628.7 315.7 257.5 361.8 354.3 392.4 435.0 80.7 40

 Memo:

41 Market value of foreign equities 1852.8 1612.7 1345.1 1269.9 1516.3 1661.0 1957.9 2051.2 2075.8 2079.1 2423.5 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, March 10, 2005

L.108 Monetary Authority (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 636.0 683.0 753.6 756.7 769.0 778.9 796.9 788.0 807.8 818.4 841.3 1

 2 Gold and foreign exchange 26.6 25.5 27.9 28.3 28.8 29.6 30.8 30.9 30.4 30.6 32.3 2

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

 4 Treasury currency 31.6 33.0 34.6 34.8 35.1 35.3 35.5 35.8 36.0 36.3 36.5 4

 5 Federal Reserve float 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 0.2 1.8 0.9 5

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

 7 Security RPs 43.4 50.3 39.5 31.8 31.8 37.5 43.8 27.5 33.5 29.3 33.0 7

 8 Credit market instruments 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 700.3 717.8 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 511.7 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 700.3 717.8 10

11 Agency- and GSE-backed securities 0.1 0.0 0.0 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 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 17.8 17.7 18.5 13

14 Total liabilities 629.2 675.7 745.3 747.2 760.0 768.7 788.0 778.3 798.1 808.3 829.7 14

15 Depository institution reserves 19.0 17.5 22.5 26.8 27.7 29.1 23.1 25.0 29.6 24.7 24.0 15

16 Vault cash of commercial banks 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 42.0 41.5 16

17 Checkable deposits and currency 555.2 603.1 644.6 654.7 662.1 665.5 682.5 681.5 696.4 702.8 719.7 17

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

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

20 Currency outside banks 549.3 596.0 639.7 647.3 653.8 657.8 676.3 675.2 689.8 696.4 713.4 20

21 Miscellaneous liabilities 10.6 7.7 30.3 27.2 30.7 33.7 34.5 30.8 28.7 38.8 44.4 21

22 Federal Reserve Bank stock 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 9.2 10.5 11.9 22

23 Other 3.6 0.4 21.9 18.7 22.0 25.0 25.7 21.9 19.4 28.3 32.5 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, March 10, 2005 69

L.109 Commercial Banking (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 6468.7 6829.0 7329.2 7431.3 7617.6 7637.1 7809.0 8043.1 8200.8 8371.3 8487.0 1

 2 Vault cash 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 42.0 41.5 2

 3 Reserves at Federal Reserve 17.4 15.2 19.5 24.0 24.5 25.7 19.8 21.7 26.3 21.2 20.4 3

 4 Checkable deposits and currency 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2.7 3.1 3.4 4

 5 Total bank credit 5200.8 5411.3 5811.4 5891.8 6058.0 6060.8 6202.0 6402.8 6534.6 6615.1 6770.5 5

 6 Treasury securities 184.5 162.7 205.8 136.6 126.8 126.6 132.9 144.2 140.9 122.1 109.7 6

 7 Agency- and GSE-backed securities 721.8 777.4 917.9 961.2 1035.0 967.8 999.5 1094.5 1111.0 1056.6 1096.4 7

 8 Municipal securities 114.1 120.2 121.7 123.2 127.1 131.9 132.5 133.9 137.2 139.2 140.9 8

 9 Corporate and foreign bonds 266.1 363.1 359.9 449.3 450.4 459.4 482.5 500.4 492.3 529.5 559.8 9

10 Total loans 3887.3 3957.8 4183.0 4205.9 4295.8 4351.1 4422.6 4497.6 4621.3 4736.8 4825.7 10

11 Open market paper 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Bank loans n.e.c. 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 1299.3 1338.3 12

13 Mortgages 1660.1 1789.8 2058.3 2099.3 2192.9 2263.7 2255.8 2329.3 2436.0 2517.4 2594.4 13

14 Consumer credit 554.0 571.8 606.4 596.8 607.4 618.0 661.0 649.7 652.7 668.8 697.4 14

15 Security credit 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 251.3 195.7 15

16 Corporate equities 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 15.7 15.4 19.8 16

17 Mutual fund shares 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 16.2 15.4 18.0 17

18 Customers’ liab. on acceptances (2) 7.5 4.6 4.6 4.8 4.5 4.3 4.4 3.9 4.4 4.0 4.0 18

19 Miscellaneous assets 1196.9 1347.9 1443.4 1469.1 1488.0 1503.5 1532.4 1570.5 1589.3 1685.9 1647.2 19

20 Total liabilities 6407.1 6770.3 7330.6 7416.4 7592.4 7665.9 7847.4 8075.0 8249.4 8376.8 8550.7 20

21 Net interbank liabilities 157.8 126.6 135.5 110.2 56.0 94.2 132.5 51.9 62.9 35.9 74.7 21

22 To monetary authority 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 0.5 2.1 1.0 22

23 To domestic banks (3) -4.3 11.1 15.3 19.3 6.3 18.1 12.6 16.5 27.5 20.5 26.9 23

24 To foreign banks 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 34.9 13.4 46.9 24

25 Checkable deposits 540.9 628.8 571.5 540.5 584.3 563.1 602.4 597.0 621.6 610.0 646.7 25

26 Federal government 16.4 47.5 31.1 8.5 26.7 29.8 30.2 17.5 40.6 32.3 26.9 26

27 Rest of the world 30.7 25.8 25.2 26.9 41.3 32.7 33.2 36.3 49.0 48.6 69.0 27

28 Private domestic 493.8 555.6 515.3 505.1 516.3 500.6 539.0 543.2 532.1 529.2 550.8 28

29 Small time and savings deposits 2228.7 2478.1 2747.6 2833.2 2913.4 2935.1 2977.9 3079.1 3148.7 3205.4 3262.9 29

30 Large time deposits 885.4 918.1 915.3 940.3 934.5 933.3 934.1 992.3 1032.1 1071.2 1115.5 30

31 Federal funds and security RPs (net) 816.1 786.5 902.0 931.7 983.2 936.2 969.5 1021.3 1062.5 1059.5 973.7 31

32 Credit market instruments 509.3 562.1 611.8 627.5 639.3 638.6 661.0 703.2 710.2 723.4 738.7 32

33 Open market paper 63.6 55.4 52.9 49.4 44.2 45.2 46.6 61.0 56.2 56.1 57.2 33

34 Corporate bonds 273.2 310.2 332.2 352.9 359.7 361.2 379.1 389.0 402.6 418.0 437.5 34

35 Other loans and advances 172.4 196.6 226.8 225.2 235.5 232.2 235.3 253.3 251.4 249.3 244.0 35

36 Taxes payable 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 20.6 21.4 22.2 36

37 Miscellaneous liabilities 1257.8 1256.6 1430.8 1416.1 1464.1 1547.2 1550.8 1610.3 1590.9 1650.0 1716.2 37

 Memo:

38 Credit market funds advanced (4) 5006.3 5210.5 5614.9 5673.6 5831.3 5831.8 5960.8 6135.3 6270.2 6336.9 6541.0 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, March 10, 2005

L.110 U.S.-Chartered Commercial Banks

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4774.1 5014.5 5427.1 5519.2 5683.2 5704.5 5840.4 5998.3 6144.9 6259.2 6397.8 1

 2 Vault cash and reserves at Federal Reserve 61.3 61.9 66.1 61.3 62.9 63.7 66.8 61.6 68.9 62.2 61.2 2

 3 Total bank credit 4515.2 4718.6 5102.3 5158.3 5324.2 5350.0 5481.6 5650.8 5790.4 5865.3 6046.5 3

 4 Treasury securities 87.9 56.5 86.4 89.3 77.9 81.2 93.5 102.6 100.9 82.9 74.2 4

 5 Agency- and GSE-backed securities 626.5 700.2 821.3 866.4 936.0 872.5 906.4 1001.0 1012.4 958.2 996.1 5

 6 Mortgage pass-through securities 297.8 350.6 434.9 466.2 526.1 472.2 491.5 578.1 586.9 544.8 581.7 6

 7 CMOs and other structured MBS 111.0 168.2 159.1 179.5 179.3 158.5 161.4 166.6 158.9 153.6 156.8 7

 8 Other 217.6 181.4 227.4 220.7 230.5 241.8 253.5 256.3 266.6 259.8 257.7 8

 9 Municipal securities 113.4 119.7 121.2 122.7 126.6 131.3 131.9 133.3 136.6 139.0 140.6 9

10 Corporate and foreign bonds 201.4 265.1 264.3 267.0 258.5 278.0 306.0 315.2 315.6 349.7 364.5 10

11 Private mortgage pass-through securities 4.1 25.3 12.0 10.6 10.3 11.4 12.2 13.8 13.6 17.0 18.9 11

12 Private CMOs and other structured MBS 56.5 59.3 67.4 78.1 78.4 84.2 92.6 94.4 94.4 100.4 105.9 12

13 Other 140.8 180.5 185.0 178.3 169.8 182.4 201.2 207.0 207.7 232.3 239.6 13

14 Total loans 3459.1 3546.9 3785.9 3797.4 3902.2 3963.0 4011.7 4066.5 4193.0 4304.6 4433.2 14

15 Open market paper 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Bank loans n.e.c. 1202.4 1140.5 1081.9 1050.6 1039.3 1029.5 1045.5 1034.7 1050.3 1060.1 1086.6 16

17 Mortgages 1627.0 1752.8 2018.5 2058.5 2150.9 2216.1 2213.6 2286.0 2393.3 2472.4 2547.0 17

18 Consumer credit 554.0 571.8 606.4 596.8 607.4 618.0 661.0 649.7 652.7 668.8 697.4 18

19 Security credit 74.7 81.9 79.2 91.5 104.5 99.4 91.5 96.0 96.7 103.4 102.2 19

20 Corporate equities 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 15.7 15.4 19.8 20

21 Mutual fund shares 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 16.2 15.4 18.0 21

22 Customers’ liab. on acceptances (1) 5.9 3.6 3.9 4.3 4.1 3.8 3.8 3.3 3.9 3.4 3.3 22

23 Miscellaneous assets 191.7 230.4 254.7 295.2 292.0 287.0 288.2 282.6 281.8 328.4 286.7 23

24 Total liabilities 5169.7 5455.3 5948.0 6023.6 6189.0 6273.2 6423.3 6608.2 6796.2 6946.1 7187.2 24

25 Net interbank liabilities 137.5 138.2 192.4 177.7 132.5 173.5 219.8 185.5 222.1 215.0 288.8 25

26 Federal Reserve float 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 0.2 1.8 0.9 26

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

28 To domestic banks -33.0 -17.8 0.2 -15.2 -62.0 -57.8 -64.6 -73.2 -70.5 -69.6 -37.0 28

29 To foreign banks 169.5 155.9 191.8 194.0 194.3 231.6 284.6 259.3 292.0 282.5 324.8 29

30 Checkable deposits 523.7 608.2 552.7 521.7 562.2 542.9 581.0 575.5 600.1 588.3 625.0 30

31 Federal government 16.4 47.5 31.1 8.5 26.7 29.8 30.2 17.5 40.6 32.3 26.9 31

32 Rest of the world 25.0 22.6 22.3 24.6 38.6 30.4 30.7 33.6 46.6 46.4 67.0 32

33 Private domestic 482.3 538.2 499.3 488.6 496.9 482.7 520.2 524.4 513.0 509.7 531.1 33

34 Small time and savings deposits 2208.0 2448.3 2722.0 2808.5 2888.4 2908.8 2950.2 3050.4 3119.9 3176.8 3231.0 34

35 Large time deposits 553.6 528.4 552.7 569.1 572.5 569.7 555.7 575.2 596.0 630.2 671.1 35

36 Federal funds and security RPs (net) 682.4 663.9 737.4 733.8 777.3 766.3 806.0 851.2 879.6 871.1 816.1 36

37 Acceptance liabilities 6.0 3.7 3.9 4.3 4.1 3.8 3.8 3.3 3.9 3.4 3.4 37

38 Corporate bonds 86.4 94.7 94.1 94.7 96.6 97.3 99.6 98.6 102.9 103.5 109.3 38

39 Other loans and advances 172.4 196.6 226.8 225.2 235.5 232.2 235.3 253.3 251.4 249.3 244.0 39

40 Taxes payable 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 20.6 21.4 22.2 40

41 Miscellaneous liabilities 788.6 759.8 849.8 871.9 902.4 960.5 953.0 995.3 999.8 1087.2 1176.3 41

42 Investment by bank holding companies 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.1 738.6 819.4 857.1 42

43 Other 263.2 173.7 210.6 221.8 235.3 280.8 263.2 287.2 261.2 267.7 319.3 43

 Memo:

44 Credit market funds advanced (2) 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 5665.7 5734.3 5909.7 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, March 10, 2005 71

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

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 789.4 791.9 801.1 778.5 750.1 728.0 732.5 738.1 705.4 645.8 570.0 1

 2 Reserves at Federal Reserve 0.5 0.6 1.2 1.1 1.1 2.4 0.9 1.1 0.9 1.1 0.7 2

 3 Total bank credit 610.2 603.0 615.0 634.4 620.9 599.6 607.1 635.5 623.5 625.8 598.8 3

 4 Treasury securities 94.0 103.8 116.7 44.3 44.5 40.1 34.2 36.6 33.8 34.5 30.0 4

 5 Agency- and GSE-backed securities 72.7 50.7 61.6 60.0 63.1 54.8 52.5 51.1 54.2 50.7 53.1 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 50.7 81.3 81.6 164.0 167.2 165.5 160.9 169.6 161.8 165.4 178.5 7

 8 Total loans 392.8 367.2 355.2 366.1 346.2 339.2 359.6 378.1 373.7 375.3 337.1 8

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

10 Bank loans n.e.c. 274.6 256.1 237.5 231.2 223.1 205.7 220.4 217.6 218.6 211.9 226.8 10

11 Mortgages 17.1 17.9 19.0 18.9 19.3 23.7 17.2 17.4 15.0 15.5 16.9 11

12 Security credit 100.5 93.3 98.7 115.9 103.8 109.8 121.9 143.1 140.1 147.9 93.4 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) 1.6 1.0 0.6 0.5 0.4 0.5 0.6 0.5 0.6 0.6 0.7 14

15 Miscellaneous assets 177.1 187.2 184.2 142.5 127.6 125.5 123.9 101.0 80.5 18.4 -30.3 15

16 Total liabilities 818.4 824.8 838.4 817.0 789.8 769.0 774.7 781.6 750.2 692.0 617.5 16

17 Net interbank liabilities 7.4 -9.3 -51.6 -61.1 -78.8 -84.6 -92.8 -139.0 -165.6 -190.8 -214.3 17

18 To foreign banks -15.5 -50.9 -83.1 -103.8 -111.8 -122.2 -130.7 -188.8 -226.4 -236.7 -250.7 18

19 To domestic banks 22.9 41.6 31.5 42.7 33.0 37.6 37.8 49.8 60.7 45.9 36.3 19

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

21 Small time and savings deposits 7.2 11.6 9.4 8.7 8.9 9.7 10.3 11.2 10.8 9.8 13.6 21

22 Large time deposits 318.2 371.5 346.4 355.2 346.0 346.9 361.0 399.6 418.1 422.1 426.2 22

23 Federal funds and security RPs (net) 134.8 123.9 163.4 191.8 197.1 167.7 161.5 168.8 181.5 187.2 156.8 23

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

25 Miscellaneous liabilities 340.1 316.9 361.8 314.0 306.2 320.0 324.8 331.5 296.4 254.4 225.8 25

26 Foreign direct investment in U.S. 64.2 67.2 76.8 80.4 80.3 80.8 87.5 88.0 89.3 102.0 109.0 26

27 Due to affiliates 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 137.4 141.3 161.3 27

28 Other 137.2 141.9 152.4 105.3 101.0 120.9 106.4 85.6 69.7 11.1 -44.5 28

 Memo:

29 Credit market funds advanced (3) 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.9 484.0 478.6 506.1 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, March 10, 2005

L.112 Bank Holding Companies

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 841.9 942.4 1025.8 1056.5 1104.6 1121.0 1152.4 1219.0 1259.3 1369.7 1421.7 1

 2 Credit market instruments 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 36.1 36.9 36.4 2

 3 Treasury securities 0.8 1.2 1.3 1.3 2.4 3.0 2.7 2.1 2.4 1.6 2.0 3

 4 Agency- and GSE-backed securities 4.8 6.2 10.7 11.4 10.9 12.2 11.6 12.5 12.9 14.3 13.5 4

 5 Corporate and foreign bonds 13.2 15.3 12.9 17.6 23.0 14.3 14.2 13.9 13.5 13.2 15.5 5

 6 Bank loans n.e.c. 1.6 1.9 2.9 2.6 6.7 6.8 7.9 8.1 7.4 7.8 5.3 6

 7 Miscellaneous assets 821.4 917.8 998.1 1023.5 1061.7 1084.7 1116.0 1182.3 1223.2 1332.8 1385.3 7

 8 Investment in bank subsidiaries 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.1 738.6 819.4 857.1 8

 9 Investment in nonbank subsidiaries 189.7 219.5 219.3 227.8 247.6 255.2 264.3 292.8 303.2 320.3 333.9 9

10 Other 106.3 112.2 139.5 145.7 147.1 149.9 161.9 181.4 181.4 193.1 194.3 10

11 Total liabilities 358.7 413.4 473.1 503.0 538.3 544.9 570.8 603.0 617.2 647.9 654.0 11

12 Net interbank liabilities 12.9 -2.3 -5.3 -6.4 2.4 5.3 5.6 5.4 6.5 11.7 0.3 12

13 To domestic banks 5.8 -12.8 -16.4 -8.2 35.3 38.3 39.4 39.9 37.2 44.1 27.5 13

14 To foreign banks 7.1 10.4 11.1 1.8 -32.9 -33.0 -33.8 -34.5 -30.8 -32.4 -27.3 14

15 Federal funds and security RPs (net) -1.1 -1.2 1.2 6.2 8.8 2.2 2.1 1.2 1.4 1.2 0.8 15

16 Credit market instruments 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.5 351.5 366.6 381.4 16

17 Commercial paper 55.7 50.6 48.3 44.6 39.6 40.9 42.3 57.1 51.7 52.1 53.1 17

18 Corporate bonds 186.8 215.5 238.1 258.2 263.1 263.9 279.5 290.4 299.8 314.5 328.3 18

19 Miscellaneous liabilities 104.4 150.8 190.9 200.4 224.5 232.7 241.4 249.0 257.9 268.4 271.5 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 63.3 80.2 75.2 77.1 79.8 83.5 83.6 87.7 91.1 96.6 97.6 1

 2 Checkable deposits and currency 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2.7 3.1 3.4 2

 3 Credit market instruments 55.0 65.0 66.3 66.1 70.0 74.9 76.9 79.9 84.5 87.1 88.7 3

 4 Treasury securities 1.8 1.2 1.5 1.6 2.0 2.3 2.5 2.8 3.7 3.2 3.5 4

 5 Agency- and GSE-backed securities 17.8 20.3 24.2 23.4 25.0 28.3 28.9 29.9 31.5 33.3 33.6 5

 6 Municipal securities 0.7 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.3 0.3 6

 7 Corporate and foreign bonds 0.8 1.4 1.1 0.8 1.7 1.6 1.4 1.6 1.4 1.2 1.3 7

 8 Bank loans n.e.c. 18.0 22.5 18.2 18.0 18.2 18.1 18.5 19.0 19.5 19.6 19.5 8

 9 Home mortgages 9.1 8.2 9.7 10.6 11.1 11.5 12.2 12.7 13.8 14.7 15.1 9

10 Commercial mortgages 6.8 11.0 11.2 11.3 11.6 12.4 12.8 13.2 13.9 14.8 15.4 10

11 Miscellaneous assets 6.6 12.5 6.4 7.9 6.8 6.3 4.3 4.6 3.9 6.4 5.4 11

12 Total liabilities 60.4 76.8 71.1 72.7 75.2 78.8 78.6 82.2 85.8 90.8 92.0 12

13 Checkable deposits 8.4 11.5 10.4 10.8 12.0 11.3 11.9 12.6 13.0 13.1 13.0 13

14 Small time and savings deposits 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 18.8 18.3 14

15 Large time deposits 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 18.8 18.3 15

16 Miscellaneous liabilities 24.8 29.0 28.3 29.8 31.1 34.1 31.7 34.6 36.9 40.0 42.6 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, March 10, 2005 73

L.114 Savings Institutions (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1217.7 1299.1 1357.4 1407.8 1437.1 1471.7 1475.2 1556.5 1597.7 1632.0 1691.2 1

 2 Reserves at Federal Reserve 1.7 2.3 3.0 2.8 3.2 3.4 3.3 3.2 3.3 3.4 3.7 2

 3 Checkable deposits and currency 19.0 21.0 24.7 23.9 26.9 25.9 24.9 26.8 31.2 22.6 21.5 3

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

 5 Federal funds and security RPs 14.9 27.4 27.1 29.7 25.6 24.8 21.0 31.2 26.3 24.3 20.9 5

 6 Credit market instruments 1088.8 1133.4 1167.0 1214.6 1239.0 1261.5 1293.3 1370.8 1408.6 1453.0 1514.7 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 8.7 11.4 9.2 9.2 10.0 11.2 12.2 12.2 10.8 8.9 9.0 8

 9 Agency- and GSE-backed securities 140.4 161.4 176.2 186.1 192.4 193.3 198.7 228.5 221.3 213.2 223.8 9

10 Mortgage pass-through securities 109.0 115.7 132.7 141.0 142.0 136.2 138.1 125.0 124.3 121.1 132.0 10

11 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44.4 41.6 43.2 46.5 11

12 Other 31.4 45.7 43.5 45.2 50.3 57.1 60.6 59.1 55.4 48.9 45.3 12

13 Municipal securities 3.2 4.5 5.5 5.5 5.8 6.3 6.3 6.5 6.5 6.8 7.1 13

14 Corporate and foreign bonds 109.4 83.9 79.9 81.9 75.4 68.6 71.1 65.0 59.9 58.3 60.9 14

15 Private mortgage pass-through securities 19.0 13.2 10.6 9.6 9.5 10.0 10.7 9.4 8.8 8.3 8.2 15

16 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41.9 38.5 39.6 42.5 16

17 Other 90.4 70.7 69.3 72.3 65.9 58.6 60.4 13.8 12.6 10.4 10.2 17

18 Other loans and advances 39.3 42.9 46.2 47.4 48.2 57.4 56.3 49.6 55.4 67.3 64.1 18

19 Mortgages 723.0 758.2 781.4 815.9 833.6 852.1 870.9 927.5 966.5 1009.3 1058.4 19

20 Consumer credit 64.8 71.1 68.7 68.6 73.8 72.7 77.9 81.4 88.1 89.2 91.3 20

21 Corporate equities 24.2 27.9 29.1 29.9 30.6 31.1 30.4 28.2 27.9 28.9 28.2 21

22 Miscellaneous assets 67.6 84.9 103.9 104.2 109.1 122.4 99.7 93.3 97.2 96.6 98.9 22

23 Total liabilities 1185.8 1264.1 1318.1 1367.4 1395.6 1428.9 1428.3 1508.9 1545.7 1574.5 1629.5 23

24 Deposits 726.7 773.6 840.5 860.5 875.1 893.1 899.8 946.7 955.8 977.2 991.5 24

25 Checkable 265.8 316.5 370.9 384.2 399.5 413.9 428.3 443.0 459.5 473.1 488.4 25

26 Small time and savings 318.9 288.2 256.5 251.8 238.0 240.9 226.0 218.5 205.6 196.5 177.9 26

27 Large time 142.1 168.9 213.1 224.5 237.6 238.3 245.5 285.2 290.7 307.6 325.2 27

28 Security RPs 66.7 72.4 57.4 60.8 64.6 65.6 77.5 74.1 71.2 74.4 82.2 28

29 Credit market instruments 287.7 285.7 262.3 257.2 256.7 262.3 268.3 267.2 308.0 308.2 333.3 29

30 Corporate bonds 6.3 3.6 3.4 4.8 4.8 5.0 5.1 6.0 5.0 6.0 7.6 30

31 Bank loans n.e.c. 21.5 23.0 27.2 15.1 15.9 15.4 13.9 14.3 14.6 15.8 15.9 31

32 Other loans and advances 260.0 259.1 231.7 237.3 236.0 241.8 249.3 247.0 288.4 286.5 309.8 32

33 Taxes payable 2.5 1.7 1.5 1.4 1.4 1.6 1.3 1.8 1.6 1.7 1.9 33

34 Miscellaneous liabilities 102.3 130.7 156.4 187.4 197.7 206.4 181.4 219.0 209.1 212.9 220.6 34

35 Investment by parent 6.6 7.4 8.3 8.5 8.8 9.1 9.3 9.6 9.9 10.2 10.5 35

36 Other 95.7 123.3 148.1 178.9 189.0 197.4 172.0 209.4 199.2 202.7 210.2 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
74 Z.1, March 10, 2005

L.115 Credit Unions

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 441.1 505.5 560.8 589.2 609.4 612.5 617.3 634.5 643.0 648.7 654.7 1

 2 Checkable deposits and currency 26.7 36.8 38.4 54.8 52.4 45.6 41.5 50.4 39.8 38.9 40.2 2

 3 Time and savings deposits 15.5 23.0 24.5 28.7 27.6 27.3 26.4 27.5 28.7 27.1 26.3 3

 4 Federal funds and security RPs 4.0 2.5 1.7 4.4 2.4 2.8 1.6 4.3 2.6 3.9 4.1 4

 5 Credit market instruments 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.2 541.5 547.9 557.0 5

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

 7 Treasury securities 8.2 7.4 7.8 7.3 8.7 9.1 8.9 8.5 9.9 10.0 9.0 7

 8 Agency- and GSE-backed securities 60.9 80.6 97.3 107.2 116.2 125.7 115.5 120.3 121.6 115.0 117.0 8

 9 Home mortgages 124.9 141.3 159.4 162.3 168.1 176.5 182.6 186.0 196.5 206.4 211.2 9

10 Consumer credit 184.4 189.6 195.7 194.0 198.9 203.4 205.9 207.1 211.7 215.0 217.8 10

11 Mutual fund shares 2.2 3.7 3.5 3.4 4.5 5.0 4.1 4.2 3.9 3.5 3.1 11

12 Miscellaneous assets 12.9 18.3 28.7 24.1 27.2 14.1 29.2 23.8 26.5 27.4 24.0 12

13 Total liabilities 398.1 458.9 509.0 536.2 555.6 557.3 560.3 578.1 585.7 591.0 595.0 13

14 Shares/deposits 389.1 450.2 496.9 527.1 540.0 539.9 544.9 548.8 566.5 558.9 574.6 14

15 Checkable 51.3 54.7 59.7 65.9 66.4 64.8 67.4 70.3 70.4 71.5 74.9 15

16 Small time and savings 312.7 361.3 394.4 417.1 423.6 424.9 424.0 423.8 439.6 429.0 439.7 16

17 Large time 25.1 34.1 42.8 44.1 50.1 50.3 53.6 54.7 56.5 58.4 60.0 17

18 Other loans and advances 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 9.9 11.4 18

19 Miscellaneous liabilities 5.6 3.8 5.1 1.5 7.6 8.5 6.3 20.9 9.6 22.3 9.1 19

L.116 Bank Personal Trusts and Estates (1)

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

 1 Total financial assets 1067.8 929.1 807.9 786.5 843.8 851.7 899.0 903.4 901.6 885.4 924.6 1

 2 Deposits 69.8 65.1 65.2 65.2 65.1 65.1 65.1 62.0 58.8 55.7 52.5 2

 3 Checkable deposits and currency 0.2 0.7 0.0 0.1 0.2 0.3 0.4 0.6 0.8 1.0 1.2 3

 4 Time and savings deposits 8.9 11.7 11.1 13.3 15.4 17.6 19.8 17.2 14.6 12.1 9.5 4

 5 Money market fund shares 60.6 52.8 54.1 51.8 49.5 47.2 44.9 44.2 43.4 42.7 41.9 5

 6 Credit market instruments 222.8 194.7 195.6 194.9 194.3 193.7 193.2 193.4 193.7 193.9 194.2 6

 7 Open market paper 14.7 11.6 11.4 11.3 11.2 11.1 11.0 10.6 10.2 9.7 9.3 7

 8 Treasury securities 16.3 11.5 11.2 11.1 11.0 10.9 10.9 11.0 11.1 11.3 11.4 8

 9 Agency- and GSE-backed securities 45.5 35.1 34.2 33.6 32.9 32.2 31.6 32.3 32.9 33.6 34.2 9

10 Municipal securities 99.1 95.6 100.9 100.3 99.6 98.9 98.4 98.3 98.2 98.1 98.0 10

11 Corporate and foreign bonds 44.9 38.3 35.6 36.5 37.5 38.5 39.5 39.4 39.4 39.4 39.4 11

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

13 Corporate equities 356.8 280.7 181.1 170.1 192.7 194.4 213.1 214.8 213.8 206.1 223.4 13

14 Mutual fund shares 396.8 359.1 339.1 327.1 360.0 364.5 391.2 395.5 396.5 389.5 413.1 14

15 Miscellaneous assets 21.7 29.4 26.8 29.2 31.6 34.0 36.4 37.6 38.9 40.1 41.4 15

16 Total liabilities (2) 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 936.9 935.4 919.2 958.6 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, March 10, 2005 75

L.117 Life Insurance Companies

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3135.7 3224.6 3335.0 3420.8 3591.2 3664.6 3772.8 3894.6 3952.7 4004.0 4159.9 1

 2 Checkable deposits and currency 5.0 36.8 35.3 43.8 44.4 46.8 47.3 46.3 42.3 41.9 40.1 2

 3 Money market fund shares 142.3 173.3 159.8 152.7 153.4 152.3 151.4 144.2 139.6 130.0 120.7 3

 4 Credit market instruments 1943.9 2074.8 2307.8 2377.0 2436.5 2471.6 2488.3 2546.1 2590.5 2638.9 2675.2 4

 5 Open market paper 71.2 59.3 74.0 77.9 74.2 75.7 55.9 61.4 64.4 66.9 70.7 5

 6 Treasury securities 58.1 53.7 78.5 77.6 76.4 74.1 71.8 73.3 74.5 75.6 75.0 6

 7 Agency- and GSE-backed securities 235.4 253.5 330.9 338.4 345.0 346.9 348.9 357.0 363.4 369.5 371.8 7

 8 Municipal securities 19.1 18.7 19.9 21.6 23.3 24.7 26.1 26.8 27.3 27.8 28.0 8

 9 Corporate and foreign bonds 1222.2 1342.4 1449.3 1505.6 1558.4 1588.6 1620.2 1661.2 1692.4 1726.4 1753.7 9

10 Policy loans 101.9 104.1 105.1 104.7 104.9 104.4 104.5 104.4 104.9 105.7 106.0 10

11 Mortgages 235.9 243.0 250.0 251.2 254.4 257.3 260.9 262.0 263.7 267.1 270.0 11

12 Corporate equities 891.9 811.3 708.9 704.7 806.0 837.6 919.3 956.7 971.7 976.5 1091.5 12

13 Mutual fund shares 97.0 88.3 76.6 74.6 82.5 85.4 91.7 94.3 95.1 93.1 99.6 13

14 Miscellaneous assets 55.6 40.1 46.8 68.1 68.4 71.0 74.7 107.0 113.6 123.6 132.7 14

15 Total liabilities 2942.8 3034.8 3140.4 3220.2 3373.8 3439.2 3539.4 3652.9 3707.0 3752.6 3905.1 15

16 Other loans and advances 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 8.6 11.1 16

17 Life insurance reserves 782.7 842.2 881.6 896.9 919.9 933.1 972.7 993.8 1011.7 1028.6 1067.3 17

18 Pension fund reserves (1) 1465.9 1494.6 1583.8 1615.8 1692.9 1731.7 1786.5 1833.9 1868.8 1893.8 2002.8 18

19 Taxes payable 17.8 19.7 22.1 22.8 23.4 24.1 24.9 25.6 26.4 27.2 28.1 19

20 Miscellaneous liabilities 674.0 675.1 647.9 678.5 730.9 742.8 747.3 791.7 791.4 794.4 796.0 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 862.0 859.9 929.8 948.5 993.2 1019.4 1060.1 1093.3 1116.1 1149.0 1182.9 1

 2 Checkable deposits and currency 3.7 13.1 25.9 30.2 36.1 35.1 34.6 31.1 31.1 34.5 33.9 2

 3 Security RPs 38.3 30.2 44.4 42.0 48.8 51.0 52.8 52.2 50.0 57.9 59.5 3

 4 Credit market instruments 509.4 518.4 558.3 572.3 584.7 601.9 625.2 651.5 667.8 686.2 701.6 4

 5 Treasury securities 52.1 52.0 61.2 61.9 62.3 63.2 64.7 67.4 69.1 71.0 72.6 5

 6 Agency- and GSE-backed securities 84.1 94.2 113.2 113.4 113.3 113.9 115.4 120.3 123.3 126.6 129.5 6

 7 Municipal securities 184.1 173.8 183.0 192.0 200.7 211.2 224.2 233.6 239.5 246.0 251.6 7

 8 Corporate and foreign bonds 187.5 196.4 198.9 203.0 206.5 211.7 218.9 228.1 233.8 240.2 245.6 8

 9 Commercial mortgages 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 2.2 2.4 2.4 9

10 Corporate equities 194.3 173.9 152.3 147.4 162.9 167.3 182.7 188.3 191.2 191.3 209.0 10

11 Trade receivables 64.6 69.9 74.8 79.3 81.6 82.3 79.3 82.4 85.3 86.4 83.4 11

12 Miscellaneous assets 51.8 54.4 74.1 77.3 79.0 81.9 85.5 87.7 90.7 92.7 95.5 12

13 Total liabilities 562.7 597.0 647.9 663.8 676.7 695.3 690.7 702.9 716.6 743.5 751.6 13

14 Taxes payable 19.7 22.4 25.6 26.5 27.4 28.4 29.3 30.3 31.4 32.4 33.5 14

15 Miscellaneous liabilities 543.0 574.6 622.3 637.3 649.3 667.0 661.4 672.6 685.2 711.0 718.1 15
76 Z.1, March 10, 2005

L.119 Private Pension Funds (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4355.0 3916.3 3309.2 3264.1 3599.7 3697.8 4025.4 4133.9 4173.8 4152.7 4444.4 1

 2 Checkable deposits and currency 9.4 9.9 10.2 10.3 10.7 10.7 10.4 10.4 10.4 10.4 10.4 2

 3 Time and savings deposits 136.4 143.5 148.0 148.5 149.4 149.8 150.4 150.7 151.2 151.7 152.3 3

 4 Money market fund shares 76.7 80.5 82.8 83.4 83.8 84.2 84.4 84.5 84.6 84.9 85.1 4

 5 Security RPs 30.0 31.6 32.5 32.7 32.8 33.0 33.1 33.1 33.2 33.3 33.4 5

 6 Credit market instruments 624.0 637.3 663.0 659.6 654.9 665.5 677.2 688.5 694.2 705.5 712.0 6

 7 Open market paper 36.2 37.2 39.8 40.1 38.7 38.9 37.7 37.7 37.7 37.8 37.9 7

 8 Treasury securities 80.2 80.5 85.1 85.4 84.0 85.0 86.5 88.1 89.2 91.0 92.7 8

 9 Agency- and GSE-backed securities 207.3 214.7 220.4 218.3 217.9 221.9 227.3 231.8 233.6 237.2 240.4 9

10 Corporate and foreign bonds 289.9 294.6 307.3 305.5 304.3 309.6 315.5 320.8 323.6 329.2 331.0 10

11 Mortgages 10.3 10.4 10.4 10.3 10.1 10.1 10.3 10.2 10.2 10.2 10.0 11

12 Corporate equities 1915.0 1562.1 1096.7 1063.5 1266.0 1311.5 1491.9 1547.5 1562.5 1532.0 1690.0 12

13 Mutual fund shares 946.2 862.1 752.0 757.9 863.7 895.6 993.7 1029.2 1050.2 1050.9 1173.7 13

14 Miscellaneous assets 617.3 589.4 523.8 508.3 538.4 547.7 584.4 590.0 587.5 584.1 587.5 14

15 Unallocated insurance contracts (2) 368.6 339.7 270.7 257.6 291.5 300.0 333.7 340.7 339.2 334.1 341.6 15

16 Contributions receivable 121.3 121.9 122.0 120.4 118.3 118.8 120.6 120.5 119.8 120.2 118.2 16

17 Other 127.4 127.8 131.1 130.3 128.6 128.9 130.1 128.8 128.5 129.8 127.7 17

18 Pension fund reserves (liabilities) (3) 4402.6 3964.0 3356.9 3311.0 3645.7 3744.0 4072.6 4181.1 4220.7 4199.7 4490.6 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 2124.3 1965.1 1727.4 1679.2 1811.9 1850.1 1966.8 1990.7 1998.0 1964.2 2072.4 1

 2 Checkable deposits and currency 9.1 9.5 7.7 7.4 5.5 5.5 7.0 8.9 7.8 7.3 7.7 2

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

 4 Security RPs 44.7 45.3 45.5 43.4 38.3 38.2 36.3 40.1 40.2 38.7 38.8 4

 5 Credit market instruments 752.8 711.7 697.7 687.0 700.8 696.7 706.7 708.3 718.5 708.2 708.2 5

 6 Open market paper 44.7 45.3 45.5 43.4 38.3 38.2 41.3 46.1 44.2 45.5 47.3 6

 7 Treasury securities 177.9 152.4 144.1 140.9 148.1 141.6 147.4 148.2 153.4 147.7 146.7 7

 8 Agency- and GSE-backed securities 166.6 152.1 151.8 156.2 161.3 156.2 158.5 158.8 160.3 158.4 159.0 8

 9 Municipal securities 1.6 1.4 0.5 0.5 0.4 1.8 0.7 0.9 0.8 1.1 0.9 9

10 Corporate and foreign bonds 339.7 339.1 334.5 328.1 332.7 334.8 339.2 335.1 340.6 334.8 333.2 10

11 Mortgages 22.3 21.4 21.3 17.9 20.0 24.0 19.7 19.1 19.2 20.8 21.2 11

12 Corporate equities 1223.1 1084.0 869.8 841.9 960.0 981.8 1084.4 1100.4 1113.9 1096.0 1204.7 12

13 Miscellaneous assets 93.5 113.8 105.9 98.6 106.7 127.2 131.6 131.9 116.7 113.1 112.1 13

14 Pension fund reserves (liabilities) (1) 2166.2 2012.0 1776.9 1729.0 1861.9 1900.1 2016.7 2040.4 2047.3 2012.9 2120.4 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 796.7 859.7 894.0 883.2 905.4 921.0 959.0 950.4 962.3 979.7 1024.0 1

 2 Credit market instruments 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 66.0 68.8 68.8 2

 3 Treasury securities 33.0 40.2 49.6 53.4 53.9 54.6 54.3 54.8 56.8 59.4 59.6 3

 4 Agency- and GSE-backed securities 1.4 3.1 5.5 7.7 7.7 7.1 6.5 6.3 6.1 6.2 6.1 4

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

 6 Corporate equities 56.6 49.1 45.9 50.5 61.2 67.6 79.9 84.9 87.0 86.6 99.3 6

 7 Miscellaneous assets 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 824.3 855.9 7

 8 Pension fund reserves (liabilities) (2) 796.7 859.7 894.0 883.2 905.4 921.0 959.0 950.4 962.3 979.7 1024.0 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, March 10, 2005 77

L.122 Money Market Mutual Funds (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1812.1 2240.7 2223.9 2156.1 2120.1 2057.3 2016.0 1971.9 1912.3 1866.3 1879.9 1

 2 Foreign deposits 91.1 124.2 114.1 101.1 88.6 82.2 74.2 73.2 88.8 76.5 75.4 2

 3 Checkable deposits and currency 2.2 4.6 -1.3 -1.7 -8.1 -6.6 -1.9 -10.7 1.1 1.2 0.6 3

 4 Time and savings deposits 142.4 219.5 204.6 193.4 183.8 183.3 156.9 158.2 162.2 158.8 174.1 4

 5 Security RPs 183.0 227.0 273.2 262.1 258.8 228.7 251.4 269.0 254.4 255.9 239.2 5

 6 Credit market instruments 1290.9 1536.9 1511.6 1485.5 1479.6 1436.8 1398.5 1344.7 1271.3 1247.1 1260.8 6

 7 Open market paper 608.6 638.9 594.0 543.5 517.5 470.3 458.9 432.2 404.8 391.1 395.3 7

 8 Treasury securities 90.4 135.7 140.2 148.2 144.3 134.2 130.2 125.7 102.4 98.9 96.4 8

 9 Agency- and GSE-backed securities 185.2 318.4 324.1 318.1 326.8 351.0 326.2 300.0 275.7 269.7 262.2 9

10 Municipal securities 244.7 281.0 282.8 292.7 298.6 296.6 297.3 306.7 304.7 303.7 318.8 10

11 Corporate and foreign bonds 161.9 163.0 170.7 183.0 192.4 184.7 185.9 180.0 183.8 183.7 188.1 11

12 Miscellaneous assets 102.5 128.6 121.6 115.8 117.4 132.9 137.0 137.4 134.4 126.7 129.7 12

13 Total shares outstanding (liabilities) 1812.1 2240.7 2223.9 2156.1 2120.1 2057.3 2016.0 1971.9 1912.3 1866.3 1879.9 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 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4900.8 4959.4 4981.3 5435.3 1

 2 Security RPs 106.5 74.8 81.5 81.4 82.3 83.5 94.0 88.5 89.3 103.4 108.6 2

 3 Credit market instruments 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1552.2 1557.6 1586.6 1624.2 3

 4 Open market paper 106.5 74.8 63.0 62.8 63.9 65.2 75.8 70.4 71.2 85.0 90.3 4

 5 Treasury securities 123.6 115.1 134.7 142.8 152.2 147.2 144.1 148.9 149.2 148.1 150.2 5

 6 Agency- and GSE-backed securities 275.2 360.5 422.0 435.0 451.9 444.4 447.3 462.3 463.3 459.6 466.4 6

 7 Municipal securities 230.5 253.4 277.3 282.8 292.3 289.8 290.2 295.6 290.5 292.6 294.5 7

 8 Corporate and foreign bonds 361.9 420.1 470.9 492.1 520.6 531.9 548.3 575.1 583.4 601.3 622.9 8

 9 Corporate equities 3227.3 2836.1 2188.0 2089.1 2506.6 2677.5 3051.6 3257.0 3310.8 3286.2 3697.2 9

10 Miscellaneous assets 3.8 0.8 0.9 1.7 1.7 3.1 1.9 3.1 1.7 5.1 5.1 10

11 Total shares outstanding (liabilities) 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4900.8 4959.4 4981.3 5435.3 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 141.9 139.5 150.8 157.5 178.2 194.4 205.6 222.2 231.8 235.5 246.1 1

 2 Credit market instruments 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.8 161.2 161.3 164.7 2

 3 Treasury securities 6.7 6.7 3.9 4.0 4.7 5.1 5.3 6.7 7.2 7.5 7.7 3

 4 Municipal securities 67.7 74.7 86.0 87.1 86.7 88.8 89.3 88.8 90.2 89.7 89.4 4

 5 Corporate and foreign bonds 30.9 27.1 27.1 32.5 47.2 55.4 58.7 60.3 63.7 64.1 67.6 5

 6 Corporate equities 36.6 31.1 33.7 33.9 39.6 45.1 52.3 66.5 70.6 74.2 81.4 6

 7 Total shares outstanding (liabilities) 141.9 139.5 150.8 157.5 178.2 194.4 205.6 222.2 231.8 235.5 246.1 7

 Exchange-traded funds

 8 Total financial assets 65.6 83.0 102.0 100.6 121.3 119.5 150.8 161.3 178.4 181.1 225.9 8

 9 Credit market instruments 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 6.6 7.2 8.2 9

10 Treasury securities 0.0 0.0 2.0 1.5 1.3 1.8 2.1 3.0 3.7 4.1 4.9 10

11 Corporate and foreign bonds 0.0 0.0 1.8 1.9 2.3 2.2 2.4 2.8 2.9 3.1 3.3 11

12 Corporate equities 65.6 83.0 98.2 97.2 117.7 115.5 146.3 155.6 171.8 173.9 217.7 12

13 Total shares outstanding (liabilities) 65.6 83.0 102.0 100.6 121.3 119.5 150.8 161.3 178.4 181.1 225.9 13
78 Z.1, March 10, 2005

L.125 Government-Sponsored Enterprises (GSEs) (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1965.0 2309.4 2549.4 2602.2 2651.5 2759.1 2785.9 2799.5 2844.5 2891.8 2895.0 1

 2 Checkable deposits and currency 4.4 6.7 14.8 21.1 19.3 20.3 26.8 28.3 29.3 28.7 28.5 2

 3 Time and savings deposits 22.2 30.3 25.3 23.1 27.2 18.6 16.7 21.7 27.9 22.2 21.0 3

 4 Federal funds and security RPs 80.6 104.4 95.3 78.9 90.1 72.8 75.3 79.5 67.8 88.3 74.1 4

 5 Credit market instruments 1794.4 2099.1 2323.2 2389.8 2419.4 2549.7 2559.7 2552.0 2603.3 2638.0 2648.6 5

 6 Open market paper 31.1 33.8 10.4 11.1 9.1 8.4 8.0 8.7 8.3 7.2 7.3 6

 7 Treasury securities 13.3 13.6 25.7 25.3 25.5 24.0 13.5 13.5 14.2 13.5 13.8 7

 8 Agency- and GSE-backed securities 810.9 1017.8 1149.5 1178.2 1168.5 1260.4 1238.3 1213.5 1220.4 1247.6 1229.3 8

 9 Municipal securities 29.2 35.4 39.4 39.1 39.0 40.4 44.4 45.8 49.0 51.2 53.3 9

10 Corporate and foreign bonds 131.1 155.7 189.3 199.0 200.8 205.2 225.8 225.7 238.0 247.3 249.7 10

11 Other loans and advances 477.6 505.9 514.7 519.9 529.2 533.1 545.8 561.2 601.5 597.4 620.0 11

12 Sallie Mae 0.8 0.8 0.4 0.4 0.4 0.4 0.3 0.3 0.2 0.1 0.1 12

13 Farm Credit System 38.9 41.8 43.8 43.1 42.8 42.5 43.8 44.3 43.2 43.1 43.7 13

14 FHLB 437.9 463.3 470.5 476.3 486.0 490.3 501.7 516.6 558.1 554.3 576.3 14

15 Mortgages 264.3 297.5 357.3 381.9 416.0 451.1 463.3 467.6 469.7 473.8 475.2 15

16 Home 205.1 225.6 271.1 292.1 321.0 354.6 363.3 365.8 364.9 367.5 367.8 16

17 Multifamily residential 25.0 33.2 41.7 44.6 48.3 49.5 52.6 53.7 55.7 56.6 56.9 17

18 Farm 34.2 38.7 44.5 45.2 46.6 47.0 47.4 48.0 49.0 49.7 50.5 18

19 Consumer credit (2) 37.0 39.4 36.9 35.3 31.3 27.2 20.6 16.0 2.2 0.0 0.0 19

20 Miscellaneous assets 63.4 68.9 90.9 89.3 95.5 97.6 107.4 118.0 116.1 114.6 122.9 20

21 Total liabilities 1920.5 2272.0 2519.6 2575.4 2622.4 2730.0 2736.7 2752.4 2788.1 2833.6 2836.5 21

22 Credit market instruments 1826.4 2130.6 2350.4 2406.8 2454.9 2569.9 2594.1 2598.7 2657.3 2684.3 2693.6 22

23 GSE issues (3) 1826.4 2130.6 2350.4 2406.8 2454.9 2569.9 2594.1 2598.7 2657.3 2684.3 2693.6 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 94.0 141.5 169.2 168.5 167.4 160.1 142.6 153.8 130.8 149.3 142.9 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 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 1

 2 Home mortgages 2425.6 2748.5 3063.7 3128.1 3187.0 3260.8 3367.0 3391.2 3400.0 3419.2 3416.9 2

 3 Multifamily residential mortgages 66.0 81.6 94.5 98.2 101.8 109.5 121.1 118.0 122.5 123.6 124.7 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 1.6 1.7 0.4 0.3 0.3 1.0 1.0 1.0 1.0 1.0 1.0 5

 6 Total pool securities (liabilities)(2) 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 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, March 10, 2005 79

L.127 Issuers of Asset-Backed Securities (ABSs)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1737.8 1993.7 2219.3 2292.7 2366.9 2417.2 2486.2 2530.1 2617.7 2715.4 2817.2 1

 2 Agency- and GSE-backed securities (1) 246.4 265.0 345.7 362.3 400.7 426.3 421.6 399.1 400.8 331.0 300.2 2

 3 Other loans and advances 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.6 101.6 106.3 105.3 3

 4 Mortgages (2) 660.2 774.8 861.8 902.5 933.8 975.9 1045.0 1121.2 1207.6 1371.0 1494.9 4

 5 Home 426.3 496.1 551.8 587.8 603.1 633.5 683.2 750.1 819.1 969.9 1071.9 5

 6 Multifamily residential 47.8 53.8 59.2 59.8 61.9 63.9 67.3 69.1 70.7 72.0 75.1 6

 7 Commercial 186.2 225.0 250.8 254.9 268.8 278.5 294.5 302.0 317.8 329.1 347.9 7

 8 Consumer credit 521.3 599.7 637.1 640.2 643.3 626.6 625.0 612.6 607.3 602.0 607.1 8

 9 Trade receivables 220.0 245.9 269.7 275.2 280.5 285.7 290.8 295.7 300.4 305.0 309.7 9

10 Total liabilities 1744.4 2000.6 2225.0 2298.9 2372.8 2422.9 2491.7 2535.5 2622.9 2720.3 2822.0 10

11 Commercial paper 645.8 765.8 752.8 728.3 719.8 731.0 717.3 710.1 698.3 695.1 744.4 11

12 Corporate bonds 1098.6 1234.7 1472.2 1570.6 1653.1 1691.9 1774.5 1825.4 1924.6 2025.2 2077.6 12

 Memo:

 Securitized assets not included above

13 Consumer leases (3) 6.6 6.8 5.7 6.2 6.0 5.7 5.5 5.3 5.1 5.0 4.8 13

14 REIT assets (4) 10.3 7.0 14.9 16.1 19.6 25.8 30.9 37.9 44.4 53.5 56.7 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 1140.1 1158.9 1192.6 1199.7 1256.5 1338.5 1384.8 1402.1 1387.6 1408.0 1458.0 1

 2 Checkable deposits and currency 27.9 30.8 33.8 34.6 35.4 36.2 37.1 37.9 38.8 39.7 40.6 2

 3 Credit market instruments 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.2 1009.9 1033.5 1082.2 3

 4 Other loans and advances 458.4 447.0 455.3 453.9 455.8 445.6 457.5 475.6 471.3 456.3 473.6 4

 5 Mortgages 172.3 161.3 174.5 173.9 183.4 194.7 198.9 206.2 213.9 224.5 243.0 5

 6 Consumer credit 220.5 238.1 237.8 233.2 244.3 284.0 295.4 307.4 324.7 352.7 365.6 6

 7 Miscellaneous assets 261.0 281.8 291.3 304.0 337.6 378.0 395.9 375.0 338.9 334.9 335.2 7

 8 Total liabilities 1161.4 1182.7 1246.9 1253.6 1333.8 1417.1 1469.5 1506.6 1504.1 1538.2 1601.2 8

 9 Credit market instruments 778.0 779.2 821.4 823.9 875.1 897.2 939.6 959.0 963.1 995.1 1057.7 9

10 Open market paper 238.8 158.6 141.5 127.3 145.3 132.9 136.3 138.6 141.4 154.3 163.9 10

11 Corporate bonds 503.2 569.9 631.9 649.3 676.6 706.6 747.1 760.6 769.1 776.7 828.5 11

12 Bank loans n.e.c. 35.9 50.8 48.0 47.3 53.2 57.6 56.2 59.8 52.6 64.1 65.2 12

13 Taxes payable 9.1 10.2 11.6 12.0 12.4 12.8 13.2 13.6 14.1 14.5 15.0 13

14 Miscellaneous liabilities 374.3 393.2 413.9 417.8 446.3 507.2 516.7 534.0 526.9 528.5 528.5 14

15 Foreign direct investment in U.S. 63.2 68.6 60.1 77.0 78.1 81.0 64.9 66.4 69.9 72.2 74.8 15

16 Investment by parent 102.5 99.2 88.2 87.7 96.6 95.9 99.9 104.9 108.1 112.7 118.3 16

17 Other 208.5 225.4 265.6 253.0 271.5 330.3 351.9 362.6 348.9 343.6 335.4 17

 Memo:

18 Consumer leases not included above (2) 108.2 103.5 83.3 81.8 76.7 75.4 70.0 66.6 65.0 62.9 62.5 18

(1) Includes retail captive finance companies.

(2) See footnote (3), table L.127.
80 Z.1, March 10, 2005

L.129 Mortgage Companies (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 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 74.9 83.9 109.3 109.1 118.0 128.8 143.0 168.9 172.8 211.8 222.8 1

 2 Checkable deposits and currency 5.5 5.2 5.7 5.3 5.7 6.3 5.4 6.0 7.3 6.8 7.1 2

 3 Credit market instruments 37.5 46.2 71.7 70.2 78.7 85.7 95.2 118.8 125.8 156.5 165.8 3

 4 Agency- and GSE-backed securities 15.1 22.1 31.8 28.2 30.5 27.3 28.3 39.4 38.5 37.4 39.7 4

 5 Corporate and foreign bonds 5.0 7.4 10.3 14.4 13.5 16.6 17.5 22.8 26.0 30.1 31.9 5

 6 Mortgages 17.5 16.8 29.6 27.6 34.7 41.8 49.5 56.5 61.4 88.9 94.2 6

 7 Home 7.4 7.7 20.0 18.2 25.0 31.4 37.8 43.1 51.4 78.4 83.1 7

 8 Multifamily residential 2.1 1.7 1.5 1.4 1.5 1.5 1.7 1.6 1.8 1.6 1.7 8

 9 Commercial 7.9 7.4 8.1 7.9 8.2 9.0 10.0 11.8 8.2 9.0 9.3 9

10 Miscellaneous assets 31.9 32.4 31.9 33.6 33.6 36.8 42.4 44.1 39.8 48.5 50.0 10

11 Total liabilities 218.4 230.9 273.1 272.7 282.2 293.2 312.5 341.9 357.8 398.2 410.2 11

12 Security RPs 12.4 21.6 36.7 34.0 39.1 39.3 42.6 52.6 59.9 63.5 67.3 12

13 Credit market instruments 168.0 171.2 195.7 199.1 202.6 213.6 227.7 244.4 255.3 291.2 299.2 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 67.0 71.4 87.6 91.2 94.7 102.2 110.9 121.1 126.6 159.7 165.0 15

16 Bank loans n.e.c. 17.6 14.3 14.4 15.0 14.0 14.0 14.7 14.7 16.0 16.4 16.5 16

17 Mortgages 83.4 85.6 93.8 92.8 93.9 97.3 102.1 108.7 112.7 115.1 117.7 17

18 Miscellaneous liabilities 38.0 38.0 40.6 39.7 40.4 40.3 42.3 44.9 42.6 43.5 43.7 18

 Memo:

19 Securitized assets included above 10.3 7.0 14.9 16.1 19.6 25.8 30.9 37.9 44.4 53.5 56.7 19

20 Agency- and GSE-backed securities 3.5 0.3 0.3 0.2 0.2 0.2 0.1 0.0 0.1 0.0 0.0 20

21 Home mortgages 5.6 5.7 13.1 14.4 18.0 24.2 29.3 34.9 41.3 50.5 53.5 21

22 Multifamily residential mortgages 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 22

23 Commercial mortgages 1.1 0.8 1.4 1.4 1.4 1.4 1.3 2.9 3.0 2.9 3.1 23
Z.1, March 10, 2005 81

L.131 Security Brokers and Dealers

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1221.4 1465.6 1335.4 1385.5 1512.1 1560.7 1613.0 1728.8 1683.1 1772.4 1836.0 1

 2 Checkable deposits and currency 30.3 47.1 44.2 44.2 43.6 43.9 47.2 53.0 53.4 53.1 61.3 2

 3 Credit market instruments 223.6 316.0 344.4 390.9 341.1 375.0 424.1 410.6 334.2 453.5 397.2 3

 4 Open market paper 39.2 48.2 43.5 46.7 41.9 46.1 49.4 49.5 50.0 49.9 45.2 4

 5 Treasury securities -3.3 9.8 -3.9 17.5 -63.2 8.1 37.8 15.9 -75.0 -12.8 -39.4 5

 6 Agency- and GSE-backed securities 63.7 77.8 91.8 128.1 139.4 85.8 83.7 93.8 86.3 131.9 107.3 6

 7 Municipal securities 11.3 19.0 21.0 19.2 22.1 24.1 24.9 25.3 30.3 33.6 32.0 7

 8 Corporate and foreign bonds 112.7 161.3 192.0 179.4 201.0 210.8 228.3 226.1 242.6 250.9 252.2 8

 9 Corporate equities 77.2 85.1 74.9 67.7 87.6 86.8 100.5 113.8 118.2 110.3 125.3 9

10 Security credit 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 217.1 209.9 263.4 10

11 Miscellaneous assets 655.1 821.0 723.7 723.2 791.3 827.5 858.8 950.3 960.1 945.7 988.8 11

12 Total liabilities 1151.4 1440.8 1314.7 1362.3 1485.9 1529.3 1582.8 1696.1 1650.0 1736.9 1802.0 12

13 Security RPs (net) 302.2 353.2 344.2 335.2 358.0 411.4 477.9 494.9 403.9 476.1 528.2 13

14 Corporate bonds 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.6 68.9 62.2 14

15 Trade payables 35.9 39.2 37.4 28.5 35.3 32.5 28.2 34.6 32.1 34.2 36.0 15

16 Security credit 587.6 629.5 590.6 637.1 723.4 712.6 688.8 752.1 771.8 775.6 767.3 16

17 Customer credit balances (HH) 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 535.0 524.3 571.6 17

18 From banks 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 251.3 195.7 18

19 Taxes payable 2.1 1.9 1.3 1.6 1.9 2.0 1.8 1.9 2.0 2.3 2.3 19

20 Miscellaneous liabilities 182.7 374.6 300.5 309.7 321.1 322.2 339.2 352.6 379.6 379.7 406.1 20

21 Foreign direct investment in U.S. 20.1 72.2 77.4 76.9 78.9 78.5 80.2 79.8 79.9 80.6 80.7 21

22 Due to affiliates 475.7 538.6 558.5 584.4 581.8 584.3 602.8 605.5 651.6 656.6 680.3 22

23 Other -313.1 -236.1 -335.4 -351.6 -339.6 -340.5 -343.8 -332.8 -352.0 -357.5 -354.9 23

L.132 Funding Corporations (1)

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

 1 Total financial assets 1117.7 1134.9 1122.7 1140.7 1141.4 1171.9 1178.2 1199.1 1208.9 1213.3 1275.5 1

 2 Money market fund shares 286.9 390.4 396.4 356.0 383.3 396.6 359.5 337.7 336.2 356.7 360.2 2

 3 Credit market instruments 332.2 244.5 186.1 231.3 225.9 254.8 274.0 312.5 307.0 296.5 322.0 3

 4 Open market paper 307.3 173.8 114.7 143.6 126.9 141.7 147.7 198.6 188.7 185.5 227.7 4

 5 Corporate and foreign bonds 24.9 70.8 71.4 87.7 99.1 113.1 126.3 114.0 118.3 111.0 94.3 5

 6 Miscellaneous assets (2) 498.6 500.0 540.2 553.4 532.2 520.5 544.6 548.8 565.8 560.1 593.4 6

 7 Investment in foreign banking offices 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 137.4 141.3 161.3 7

 8 Investment in brokers and dealers 359.9 392.2 407.6 425.1 407.4 402.2 413.8 390.8 428.4 418.9 432.1 8

 9 Total liabilities 1117.7 1134.9 1122.7 1140.7 1141.4 1171.9 1178.2 1199.1 1208.9 1213.3 1275.5 9

10 Credit market instruments 503.9 449.3 448.8 464.0 427.2 417.2 447.4 456.1 440.8 421.3 428.5 10

11 Open market paper 266.4 189.6 158.7 171.5 127.3 116.6 141.9 145.3 132.3 116.4 110.8 11

12 Corporate bonds 237.5 259.7 290.1 292.6 299.9 300.7 305.5 310.8 308.4 304.9 317.8 12

13 Miscellaneous liabilities 613.8 685.7 673.9 676.6 714.3 754.7 730.8 743.0 768.2 792.0 847.0 13

14 Foreign direct investment in U.S. -5.3 50.8 91.4 89.3 105.0 103.3 97.2 92.7 125.0 138.9 164.8 14

15 Securities loaned (net) 508.2 578.3 575.4 567.7 628.9 672.7 678.0 758.9 756.1 741.4 762.6 15

16 Other 110.9 56.6 7.1 19.6 -19.7 -21.3 -44.4 -108.6 -112.9 -88.2 -80.4 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, March 10, 2005

L.200 Gold and Official Foreign Exchange Holdings (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total U.S. reserves 67.6 68.7 79.0 80.0 81.7 84.4 85.9 85.2 82.7 82.6 86.8 1

 2 U.S. gold stock and SDRs 21.6 21.8 23.2 22.4 22.8 23.1 23.7 23.7 23.7 23.8 24.6 2

 3 Federal govt.: Exchange Stab. Fund 10.5 10.8 12.2 11.4 11.7 12.1 12.6 12.7 12.7 12.8 13.6 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 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 58.9 58.7 62.2 5

 6 Official foreign currency holdings 31.2 29.0 33.8 34.8 35.7 37.3 39.7 39.8 38.9 39.3 42.7 6

 7 Treasury 15.6 14.4 16.9 17.4 17.8 18.6 19.9 19.9 19.4 19.6 21.4 7

 8 Monetary authority 15.7 14.6 16.9 17.4 17.8 18.6 19.9 19.9 19.4 19.7 21.4 8

 9 Net IMF position 14.8 17.9 22.0 22.9 23.2 24.1 22.5 21.6 20.1 19.4 19.5 9

10 Federal government 14.9 17.9 22.1 23.0 23.3 24.2 22.6 21.7 20.2 19.5 19.6 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 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 1

 2 Asset: Monetary authority 2.2 2.2 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 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 26.5 26.7 26.7 3

 4 Asset: Monetary authority 31.6 33.0 34.6 34.8 35.1 35.3 35.5 35.8 36.0 36.3 36.5 4

 5 Discrepancy (seigniorage) -8.5 -8.6 -9.1 -9.2 -9.1 -9.3 -9.5 -9.6 -9.5 -9.6 -9.8 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 803.4 810.1 831.1 839.8 875.6 799.1 831.1 864.2 867.9 889.5 908.6 1

 Held by:

 2 Household sector 63.5 58.5 74.2 80.7 74.8 70.3 65.2 84.9 85.0 85.2 101.4 2

 3 Nonfinancial corporate business 24.0 15.5 20.0 27.5 32.0 35.5 41.2 44.7 51.8 41.8 44.3 3

 4 Money market mutual funds 91.1 124.2 114.1 101.1 88.6 82.2 74.2 73.2 88.8 76.5 75.4 4

 5 Discrepancy--unallocated assets 624.7 611.9 622.9 630.6 680.1 611.0 650.6 661.3 642.2 686.0 687.5 5
Z.1, March 10, 2005 83

L.203 Net Interbank Transactions

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 221.2 191.4 205.9 175.5 123.3 163.7 203.5 117.8 135.9 102.6 140.3 1

 2 Monetary authority 63.4 64.8 70.4 65.3 67.3 69.5 71.0 65.9 73.0 66.7 65.6 2

 3 Depository institution reserves 19.0 17.5 22.5 26.8 27.7 29.1 23.1 25.0 29.6 24.7 24.0 3

 4 Vault cash 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 42.0 41.5 4

 5 Commercial banking 157.8 126.6 135.5 110.2 56.0 94.2 132.5 51.9 62.9 35.9 74.7 5

 6 To monetary authority 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 0.5 2.1 1.0 6

 7 To banks in foreign countries, net 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 34.9 13.4 46.9 7

 8 Liabilities, net 171.6 127.3 141.1 110.2 64.9 99.4 138.7 55.8 57.5 33.1 71.0 8

 9 U.S.-chartered commercial banks 179.3 167.0 213.1 212.1 209.5 254.2 302.9 278.9 314.4 301.9 348.4 9

10 Due to foreign affiliates 302.0 324.8 323.9 342.5 407.4 423.2 447.7 437.0 463.7 445.9 494.0 10

11 - Due from foreign affiliates 122.7 157.8 110.8 130.4 197.9 169.1 144.7 158.1 149.3 144.1 145.5 11

12 Foreign banking offices in U.S. -14.8 -50.2 -83.0 -103.7 -111.6 -121.8 -130.5 -188.6 -226.1 -236.4 -250.2 12

13 Due to foreign affiliates 133.6 163.3 176.2 202.3 248.9 224.7 195.8 200.6 197.6 202.1 258.6 13

14 - Due from foreign affiliates 148.4 213.5 259.3 306.0 360.5 346.5 326.3 389.2 423.8 438.5 508.8 14

15 Bank holding companies 7.1 10.4 11.1 1.8 -32.9 -33.0 -33.8 -34.5 -30.8 -32.4 -27.3 15

16 Due to foreign affiliates 39.3 51.4 53.4 44.0 13.2 12.3 13.2 13.9 14.7 14.2 21.0 16

17 - Due from foreign affiliates 32.2 41.0 42.4 42.2 46.2 45.3 47.0 48.4 45.4 46.7 48.3 17

18 Less: Deposits at foreign banks 10.5 11.8 21.4 18.1 15.4 23.0 18.5 19.9 22.5 19.7 24.1 18

19 U.S. chartered commercial banks 9.8 11.1 21.3 18.0 15.2 22.6 18.3 19.7 22.3 19.3 23.6 19

20 Foreign banking offices in U.S. 0.7 0.7 0.1 0.1 0.2 0.4 0.1 0.2 0.2 0.4 0.5 20

21 To U.S. banking, net -4.3 11.1 15.3 19.3 6.3 18.1 12.6 16.5 27.5 20.5 26.9 21

22 U.S.-chartered commercial banks -33.0 -17.8 0.2 -15.2 -62.0 -57.8 -64.6 -73.2 -70.5 -69.6 -37.0 22

23 Liabilities 59.4 59.6 75.8 78.6 79.3 86.9 74.3 85.2 99.4 96.8 115.6 23

24 To foreign offices in U.S. 63.1 47.9 58.8 58.0 71.4 67.5 60.0 67.0 70.3 74.2 86.9 24

25 To bank holding companies 0.6 0.7 1.7 1.2 1.6 1.3 1.6 1.7 1.7 2.2 1.8 25

26 Unallocated -4.3 11.1 15.3 19.3 6.3 18.1 12.6 16.5 27.5 20.5 26.9 26

 Less, due from:

27 Foreign offices in U.S. 86.0 89.5 90.3 100.8 104.4 105.1 97.9 116.8 131.0 120.1 123.2 27

28 Bank holding companies 6.4 -12.1 -14.7 -7.1 36.9 39.6 41.0 41.6 38.9 46.3 29.4 28

29 Foreign banking offices in U.S. 22.9 41.6 31.5 42.7 33.0 37.6 37.8 49.8 60.7 45.9 36.3 29

30 Due to U.S. banks 86.0 89.5 90.3 100.8 104.4 105.1 97.9 116.8 131.0 120.1 123.2 30

31 - Due from U.S. banks 63.1 47.9 58.8 58.0 71.4 67.5 60.0 67.0 70.3 74.2 86.9 31

32 Bank holding companies 5.8 -12.8 -16.4 -8.2 35.3 38.3 39.4 39.9 37.2 44.1 27.5 32

33 Due to U.S. banks 6.4 -12.1 -14.7 -7.1 36.9 39.6 41.0 41.6 38.9 46.3 29.4 33

34 - Due from U.S. banks 0.6 0.7 1.7 1.2 1.6 1.3 1.6 1.7 1.7 2.2 1.8 34

35 Total assets 225.5 180.3 190.5 156.2 117.0 145.6 190.9 101.3 108.4 82.1 113.4 35

36 Rest of the world 161.1 115.5 119.7 92.1 49.5 76.4 120.2 35.9 34.9 13.4 46.9 36

37 Domestic 64.4 64.8 70.8 64.1 67.5 69.2 70.7 65.4 73.5 68.8 66.5 37

38 Monetary authority 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 0.5 2.1 1.0 38

39 Federal Reserve float 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 0.2 1.8 0.9 39

40 Loans to member banks 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 0.3 0.2 0.0 40

41 Commercial banking 61.8 62.5 67.4 62.5 64.0 66.1 67.7 62.7 69.7 63.3 61.9 41

42 Reserves at Federal Reserve 17.4 15.2 19.5 24.0 24.5 25.7 19.8 21.7 26.3 21.2 20.4 42

43 Vault cash 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43.4 42.0 41.5 43

44 Savings insts.: Reserves at Fed. Res. 1.7 2.3 3.0 2.8 3.2 3.4 3.3 3.2 3.3 3.4 3.7 44

45 Discrepancy--floats, etc. -4.3 11.1 15.3 19.3 6.3 18.1 12.6 16.5 27.5 20.5 26.9 45
84 Z.1, March 10, 2005

L.204 Checkable Deposits and Currency

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1413.1 1603.2 1646.7 1645.3 1712.2 1707.2 1780.6 1791.8 1847.9 1857.4 1929.7 1

 2 Monetary authority 555.2 603.1 644.6 654.7 662.1 665.5 682.5 681.5 696.4 702.8 719.7 2

 3 Federal government cash and deposits 5.6 7.1 4.8 7.1 7.3 7.6 6.0 6.3 6.3 6.3 6.2 3

 4 Deposits due to foreign 0.3 0.1 0.1 0.3 1.0 0.1 0.2 0.1 0.3 0.2 0.1 4

 5 Currency outside banks 549.3 596.0 639.7 647.3 653.8 657.8 676.3 675.2 689.8 696.4 713.4 5

 6 Commercial banking 540.9 628.8 571.5 540.5 584.3 563.1 602.4 597.0 621.6 610.0 646.7 6

 7 Federal government deposits 16.4 47.5 31.1 8.5 26.7 29.8 30.2 17.5 40.6 32.3 26.9 7

 8 Deposits due to foreign 30.7 25.8 25.2 26.9 41.3 32.7 33.2 36.3 49.0 48.6 69.0 8

 9 Private domestic deposits 493.8 555.6 515.3 505.1 516.3 500.6 539.0 543.2 532.1 529.2 550.8 9

10 Savings institutions 265.8 316.5 370.9 384.2 399.5 413.9 428.3 443.0 459.5 473.1 488.4 10

11 Credit unions 51.3 54.7 59.7 65.9 66.4 64.8 67.4 70.3 70.4 71.5 74.9 11

12 Total assets 1413.1 1603.2 1646.7 1645.3 1712.2 1707.2 1780.6 1791.8 1847.9 1857.4 1929.7 12

13 Household sector 229.0 331.8 361.3 368.1 356.8 315.3 324.3 357.1 354.9 354.2 407.6 13

14 Nonfinancial business 674.9 626.5 613.7 589.6 627.5 677.6 709.7 696.7 706.1 737.6 716.9 14

15 Corporate 381.4 331.9 313.0 287.5 323.2 371.3 401.4 386.7 395.1 425.4 404.7 15

16 Nonfarm noncorporate 274.1 274.5 280.1 281.6 283.8 285.7 287.7 289.4 290.3 291.4 291.3 16

17 Farm 19.4 20.0 20.5 20.6 20.6 20.6 20.6 20.7 20.8 20.8 20.9 17

18 State and local governments 33.2 38.2 46.7 44.9 48.9 48.9 55.2 52.1 48.6 47.2 50.1 18

19 Federal government 24.3 66.9 47.5 23.3 41.8 53.3 54.1 22.7 46.8 35.4 21.9 19

20 Rest of the world 286.9 305.7 326.6 333.4 349.9 343.2 351.3 352.6 374.2 376.2 401.9 20

21 Checkable deposits 30.9 25.9 25.3 27.2 42.3 32.8 33.4 36.5 49.3 48.7 69.2 21

22 Currency 256.0 279.8 301.3 306.2 307.7 310.4 317.9 316.1 324.9 327.4 332.7 22

23 Financial sectors 145.1 224.9 241.8 276.9 275.0 272.2 283.0 292.2 295.9 289.0 296.6 23

24 Commercial banking 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2.7 3.1 3.4 24

25 Savings institutions 19.0 21.0 24.7 23.9 26.9 25.9 24.9 26.8 31.2 22.6 21.5 25

26 Credit unions 26.7 36.8 38.4 54.8 52.4 45.6 41.5 50.4 39.8 38.9 40.2 26

27 Bank personal trusts and estates 0.2 0.7 0.0 0.1 0.2 0.3 0.4 0.6 0.8 1.0 1.2 27

28 Life insurance companies 5.0 36.8 35.3 43.8 44.4 46.8 47.3 46.3 42.3 41.9 40.1 28

29 Other insurance companies 3.7 13.1 25.9 30.2 36.1 35.1 34.6 31.1 31.1 34.5 33.9 29

30 Private pension funds 9.4 9.9 10.2 10.3 10.7 10.7 10.4 10.4 10.4 10.4 10.4 30

31 State and local govt. retirement funds 9.1 9.5 7.7 7.4 5.5 5.5 7.0 8.9 7.8 7.3 7.7 31

32 Money market mutual funds 2.2 4.6 -1.3 -1.7 -8.1 -6.6 -1.9 -10.7 1.1 1.2 0.6 32

33 Government-sponsored enterprises 4.4 6.7 14.8 21.1 19.3 20.3 26.8 28.3 29.3 28.7 28.5 33

34 Finance companies 27.9 30.8 33.8 34.6 35.4 36.2 37.1 37.9 38.8 39.7 40.6 34

35 REITs 5.5 5.2 5.7 5.3 5.7 6.3 5.4 6.0 7.3 6.8 7.1 35

36 Brokers and dealers 30.3 47.1 44.2 44.2 43.6 43.9 47.2 53.0 53.4 53.1 61.3 36

37 Mail float 19.7 9.2 9.2 9.0 12.2 -3.2 2.9 18.5 21.5 17.9 34.8 37
Z.1, March 10, 2005 85

L.205 Time and Savings Deposits 

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3912.9 4248.8 4569.7 4711.0 4797.2 4822.7 4861.1 5053.7 5173.2 5268.1 5381.2 1

 2 Small time and savings deposits 2860.4 3127.6 3398.5 3502.2 3575.0 3600.9 3627.9 3721.5 3793.9 3831.0 3880.5 2

 3 Commercial banking 2228.7 2478.1 2747.6 2833.2 2913.4 2935.1 2977.9 3079.1 3148.7 3205.4 3262.9 3

 4 U.S.-chartered commercial banks 2208.0 2448.3 2722.0 2808.5 2888.4 2908.8 2950.2 3050.4 3119.9 3176.8 3231.0 4

 5 Foreign banking offices in U.S. 7.2 11.6 9.4 8.7 8.9 9.7 10.3 11.2 10.8 9.8 13.6 5

 6 Banks in U.S.-affiliated areas 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 18.8 18.3 6

 7 Savings institutions 318.9 288.2 256.5 251.8 238.0 240.9 226.0 218.5 205.6 196.5 177.9 7

 8 Credit unions 312.7 361.3 394.4 417.1 423.6 424.9 424.0 423.8 439.6 429.0 439.7 8

 9 Large time deposits (1) 1052.6 1121.1 1171.3 1208.8 1222.2 1221.8 1233.2 1332.2 1379.3 1437.2 1500.7 9

10 Commercial banking 885.4 918.1 915.3 940.3 934.5 933.3 934.1 992.3 1032.1 1071.2 1115.5 10

11 U.S.-chartered commercial banks 553.6 528.4 552.7 569.1 572.5 569.7 555.7 575.2 596.0 630.2 671.1 11

12 Foreign banking offices in U.S. 318.2 371.5 346.4 355.2 346.0 346.9 361.0 399.6 418.1 422.1 426.2 12

13 Banks in U.S.-affiliated areas 13.6 18.1 16.2 16.0 16.1 16.7 17.5 17.5 18.0 18.8 18.3 13

14 Savings institutions 142.1 168.9 213.1 224.5 237.6 238.3 245.5 285.2 290.7 307.6 325.2 14

15 Credit unions 25.1 34.1 42.8 44.1 50.1 50.3 53.6 54.7 56.5 58.4 60.0 15

16 Total assets 3912.9 4248.8 4569.7 4711.0 4797.2 4822.7 4861.1 5053.7 5173.2 5268.1 5381.2 16

17 Household sector 3076.3 3281.2 3551.7 3694.9 3754.6 3824.8 3877.4 4060.0 4106.6 4177.0 4291.1 17

18 Nonfinancial business 274.9 275.8 283.7 294.1 310.1 322.9 335.6 342.5 354.5 384.9 376.0 18

19 Corporate 137.3 131.1 127.5 135.7 149.6 160.8 172.0 177.3 186.6 214.7 203.5 19

20 Nonfarm noncorporate 137.6 144.7 156.2 158.3 160.6 162.0 163.6 165.2 167.8 170.2 172.5 20

21 State and local governments 118.7 129.9 137.6 138.5 142.0 143.8 147.2 149.0 151.5 153.6 171.1 21

22 Federal government 6.3 10.5 27.6 18.4 27.8 9.1 2.4 1.9 2.1 2.2 2.4 22

23 Rest of the world 108.7 120.6 152.3 154.6 155.9 122.3 124.8 121.0 169.8 174.3 153.3 23

24 Financial sectors 327.9 430.7 416.9 410.6 406.8 399.8 373.7 379.3 388.7 375.9 387.2 24

25 Savings institutions 1.4 2.2 2.6 2.6 2.7 2.7 2.6 3.0 3.2 3.2 3.2 25

26 Credit unions 15.5 23.0 24.5 28.7 27.6 27.3 26.4 27.5 28.7 27.1 26.3 26

27 Bank personal trusts and estates 8.9 11.7 11.1 13.3 15.4 17.6 19.8 17.2 14.6 12.1 9.5 27

28 Private pension funds 136.4 143.5 148.0 148.5 149.4 149.8 150.4 150.7 151.2 151.7 152.3 28

29 State and local govt. retirement funds 1.1 0.6 0.7 1.0 0.6 0.6 0.8 1.0 0.9 0.8 0.9 29

30 Money market mutual funds 142.4 219.5 204.6 193.4 183.8 183.3 156.9 158.2 162.2 158.8 174.1 30

31 Government-sponsored enterprises 22.2 30.3 25.3 23.1 27.2 18.6 16.7 21.7 27.9 22.2 21.0 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 1812.1 2240.7 2223.9 2156.1 2120.1 2057.3 2016.0 1971.9 1912.3 1866.3 1879.9 1

 2 Household sector 970.7 1129.2 1084.7 1073.8 1026.3 982.0 985.0 975.8 918.7 868.1 893.7 2

 3 Nonfinancial corporate business 191.4 301.9 328.8 324.1 313.6 292.6 291.0 291.0 294.3 288.4 279.6 3

 4 Nonfarm noncorporate business 49.4 59.0 61.3 60.0 58.7 55.6 53.1 49.2 49.0 48.3 49.9 4

 5 State and local governments 34.1 53.7 56.0 54.3 51.5 46.9 46.6 45.3 46.4 47.2 48.7 5

 6 Bank personal trusts and estates 60.6 52.8 54.1 51.8 49.5 47.2 44.9 44.2 43.4 42.7 41.9 6

 7 Life insurance companies 142.3 173.3 159.8 152.7 153.4 152.3 151.4 144.2 139.6 130.0 120.7 7

 8 Private pension funds 76.7 80.5 82.8 83.4 83.8 84.2 84.4 84.5 84.6 84.9 85.1 8

 9 Funding corporations 286.9 390.4 396.4 356.0 383.3 396.6 359.5 337.7 336.2 356.7 360.2 9
86 Z.1, March 10, 2005

L.207 Federal Funds and Security Repurchase Agreements

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1197.3 1233.7 1340.3 1361.8 1444.9 1452.4 1567.5 1642.8 1597.4 1673.5 1651.4 1

 2 Commercial banking (net) 816.1 786.5 902.0 931.7 983.2 936.2 969.5 1021.3 1062.5 1059.5 973.7 2

 3 U.S.-chartered commercial banks 682.4 663.9 737.4 733.8 777.3 766.3 806.0 851.2 879.6 871.1 816.1 3

 4 Foreign banking offices in U.S. 134.8 123.9 163.4 191.8 197.1 167.7 161.5 168.8 181.5 187.2 156.8 4

 5 Bank holding companies -1.1 -1.2 1.2 6.2 8.8 2.2 2.1 1.2 1.4 1.2 0.8 5

 6 Savings institutions 66.7 72.4 57.4 60.8 64.6 65.6 77.5 74.1 71.2 74.4 82.2 6

 7 REITs 12.4 21.6 36.7 34.0 39.1 39.3 42.6 52.6 59.9 63.5 67.3 7

 8 Brokers and dealers (net) 302.2 353.2 344.2 335.2 358.0 411.4 477.9 494.9 403.9 476.1 528.2 8

 9 Total assets 800.7 885.6 969.7 1108.6 1120.7 1138.0 1216.0 1305.7 1301.1 1388.9 1411.0 9

10 Nonfinancial corporate business 4.2 4.0 6.2 8.3 8.9 7.6 5.9 6.7 6.4 6.0 6.0 10

11 State and local governments 159.8 137.6 132.7 133.4 136.3 137.9 140.7 144.7 146.7 148.4 146.4 11

12 Rest of the world 91.3 150.7 190.1 360.5 364.6 420.3 460.2 528.7 550.7 599.6 646.7 12

13 Financial sectors 545.4 593.3 640.7 606.4 610.9 572.2 609.2 625.5 597.3 634.9 611.8 13

14 Monetary authority 43.4 50.3 39.5 31.8 31.8 37.5 43.8 27.5 33.5 29.3 33.0 14

15 Savings institutions 14.9 27.4 27.1 29.7 25.6 24.8 21.0 31.2 26.3 24.3 20.9 15

16 Credit unions 4.0 2.5 1.7 4.4 2.4 2.8 1.6 4.3 2.6 3.9 4.1 16

17 Other insurance companies 38.3 30.2 44.4 42.0 48.8 51.0 52.8 52.2 50.0 57.9 59.5 17

18 Private pension funds 30.0 31.6 32.5 32.7 32.8 33.0 33.1 33.1 33.2 33.3 33.4 18

19 State and local govt. retirement funds 44.7 45.3 45.5 43.4 38.3 38.2 36.3 40.1 40.2 38.7 38.8 19

20 Money market mutual funds 183.0 227.0 273.2 262.1 258.8 228.7 251.4 269.0 254.4 255.9 239.2 20

21 Mutual funds 106.5 74.8 81.5 81.4 82.3 83.5 94.0 88.5 89.3 103.4 108.6 21

22 Government-sponsored enterprises 80.6 104.4 95.3 78.9 90.1 72.8 75.3 79.5 67.8 88.3 74.1 22

23 Discrepancy--unallocated assets 396.6 348.1 370.6 253.2 324.3 314.4 351.6 337.2 296.3 284.7 240.4 23

L.208 Open Market Paper

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

 1 Total outstanding, all types 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1314.2 1320.5 1406.7 1

 2 Commercial paper 1606.1 1461.4 1370.1 1354.4 1312.5 1290.2 1288.7 1336.5 1309.7 1316.4 1402.6 2

 3 Nonfinancial corporate business 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 102.5 109.3 101.7 3

 4 Foreign issues in U.S. 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 183.4 189.2 228.7 4

 5 Nonfinancial 37.6 14.3 19.1 18.5 20.3 16.7 15.4 15.0 15.1 13.1 13.2 5

 6 Financial 83.3 92.4 123.7 137.1 152.8 143.7 149.6 174.9 168.3 176.0 215.6 6

 7 Financial business 1206.7 1164.6 1101.3 1071.6 1031.9 1021.4 1037.7 1051.1 1023.8 1018.0 1072.2 7

 8 Commercial banking 55.7 50.6 48.3 44.6 39.6 40.9 42.3 57.1 51.7 52.1 53.1 8

 9 ABS issuers 645.8 765.8 752.8 728.3 719.8 731.0 717.3 710.1 698.3 695.1 744.4 9

10 Finance companies 238.8 158.6 141.5 127.3 145.3 132.9 136.3 138.6 141.4 154.3 163.9 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 266.4 189.6 158.7 171.5 127.3 116.6 141.9 145.3 132.3 116.4 110.8 12

13 Bankers acceptances (1) 7.9 4.8 4.6 4.8 4.6 4.3 4.4 3.9 4.4 4.0 4.1 13

14 Holdings, by sector 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1314.2 1320.5 1406.7 14

15 Household sector 82.6 85.7 98.9 105.0 97.5 99.0 94.9 105.3 107.8 111.8 126.8 15

16 Nonfinancial corporate business 57.8 60.2 64.7 65.2 74.4 81.4 79.6 78.6 78.0 79.7 81.2 16

17 State and local governments 121.2 107.6 113.3 114.3 118.1 120.1 123.8 125.3 127.9 130.1 137.8 17

18 Rest of the world 90.1 87.5 97.8 91.3 102.0 95.2 107.7 113.9 119.4 118.7 128.3 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) 1.5 0.0 0.0 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 1.2 2.4 3.6 2.9 3.4 3.1 1.6 2.3 1.8 1.6 1.9 22

23 Bank personal trusts and estates 14.7 11.6 11.4 11.3 11.2 11.1 11.0 10.6 10.2 9.7 9.3 23

24 Life insurance companies 71.2 59.3 74.0 77.9 74.2 75.7 55.9 61.4 64.4 66.9 70.7 24

25 Private pension funds 36.2 37.2 39.8 40.1 38.7 38.9 37.7 37.7 37.7 37.8 37.9 25

26 State and local govt. retirement funds 44.7 45.3 45.5 43.4 38.3 38.2 41.3 46.1 44.2 45.5 47.3 26

27 Money market mutual funds 608.6 638.9 594.0 543.5 517.5 470.3 458.9 432.2 404.8 391.1 395.3 27

28 Mutual funds 106.5 74.8 63.0 62.8 63.9 65.2 75.8 70.4 71.2 85.0 90.3 28

29 Government-sponsored enterprises 31.1 33.8 10.4 11.1 9.1 8.4 8.0 8.7 8.3 7.2 7.3 29

30 Brokers and dealers 39.2 48.2 43.5 46.7 41.9 46.1 49.4 49.5 50.0 49.9 45.2 30

31 Funding corporations 307.3 173.8 114.7 143.6 126.9 141.7 147.7 198.6 188.7 185.5 227.7 31

(1) Excludes banks’ holdings of own acceptances.
Z.1, March 10, 2005 87

L.209 Treasury Securities

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 4269.2 4371.8 1

 2 Savings bonds 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 204.1 204.4 2

 3 Other Treasury issues 3173.0 3162.4 3414.9 3476.8 3580.8 3686.0 3804.4 3939.4 3980.8 4065.1 4167.4 3

 4 Total assets 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4185.4 4269.2 4371.8 4

 5 Household sector 619.2 486.5 345.4 386.8 461.9 427.2 465.2 420.9 440.0 412.2 468.0 5

 6 Savings bonds 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 204.6 204.1 204.4 6

 7 Other Treasury issues 434.5 296.2 150.5 190.0 262.8 225.7 261.4 216.5 235.4 208.0 263.6 7

 8 Nonfinancial corporate business 18.1 16.5 31.4 35.5 39.3 45.8 51.5 55.1 61.1 66.7 68.0 8

 9 Nonfarm noncorporate business 40.2 42.8 42.8 42.9 43.1 43.6 44.3 44.9 45.4 45.9 46.3 9

10 State and local governments 297.2 339.4 351.5 348.3 345.0 355.6 358.8 365.4 374.7 374.3 382.1 10

11 Rest of the world 1021.4 1063.1 1254.1 1296.2 1392.6 1462.5 1499.2 1661.9 1759.4 1813.7 1870.3 11

12 Monetary authority 511.7 551.7 629.4 641.5 652.1 656.1 666.7 674.1 687.4 700.3 717.8 12

13 Commercial banking 184.5 162.7 205.8 136.6 126.8 126.6 132.9 144.2 140.9 122.1 109.7 13

14 U.S.-chartered commercial banks 87.9 56.5 86.4 89.3 77.9 81.2 93.5 102.6 100.9 82.9 74.2 14

15 Foreign banking offices in U.S. 94.0 103.8 116.7 44.3 44.5 40.1 34.2 36.6 33.8 34.5 30.0 15

16 Bank holding companies 0.8 1.2 1.3 1.3 2.4 3.0 2.7 2.1 2.4 1.6 2.0 16

17 Banks in U.S.-affiliated areas 1.8 1.2 1.5 1.6 2.0 2.3 2.5 2.8 3.7 3.2 3.5 17

18 Savings institutions 8.7 11.4 9.2 9.2 10.0 11.2 12.2 12.2 10.8 8.9 9.0 18

19 Credit unions 8.2 7.4 7.8 7.3 8.7 9.1 8.9 8.5 9.9 10.0 9.0 19

20 Bank personal trusts and estates 16.3 11.5 11.2 11.1 11.0 10.9 10.9 11.0 11.1 11.3 11.4 20

21 Life insurance companies 58.1 53.7 78.5 77.6 76.4 74.1 71.8 73.3 74.5 75.6 75.0 21

22 Other insurance companies 52.1 52.0 61.2 61.9 62.3 63.2 64.7 67.4 69.1 71.0 72.6 22

23 Private pension funds 80.2 80.5 85.1 85.4 84.0 85.0 86.5 88.1 89.2 91.0 92.7 23

24 State and local govt. retirement funds 177.9 152.4 144.1 140.9 148.1 141.6 147.4 148.2 153.4 147.7 146.7 24

25 Federal government retirement funds 33.0 40.2 49.6 53.4 53.9 54.6 54.3 54.8 56.8 59.4 59.6 25

26 Money market mutual funds 90.4 135.7 140.2 148.2 144.3 134.2 130.2 125.7 102.4 98.9 96.4 26

27 Mutual funds 123.6 115.1 134.7 142.8 152.2 147.2 144.1 148.9 149.2 148.1 150.2 27

28 Closed-end funds 6.7 6.7 3.9 4.0 4.7 5.1 5.3 6.7 7.2 7.5 7.7 28

29 Exchange-traded funds 0.0 0.0 2.0 1.5 1.3 1.8 2.1 3.0 3.7 4.1 4.9 29

30 Government-sponsored enterprises 13.3 13.6 25.7 25.3 25.5 24.0 13.5 13.5 14.2 13.5 13.8 30

31 Brokers and dealers -3.3 9.8 -3.9 17.5 -63.2 8.1 37.8 15.9 -75.0 -12.8 -39.4 31

 Memo:

32 Federal government debt (1) 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 4209.6 4293.0 4395.7 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, March 10, 2005

L.210 Agency- and GSE-backed Securities (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 4347.0 4989.1 5536.3 5660.4 5771.1 5968.3 6108.1 6134.0 6205.0 6251.7 6260.1 1

 2 Budget agencies 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 24.2 23.7 23.9 2

 3 Government-sponsored enterprises 1826.4 2130.6 2350.4 2406.8 2454.9 2569.9 2594.1 2598.7 2657.3 2684.3 2693.6 3

 4 Agency- and GSE-backed mortgage pools 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 4

 5 Total assets 4347.0 4989.1 5536.3 5660.4 5771.1 5968.3 6108.1 6134.0 6205.0 6251.7 6260.1 5

 6 Household sector 432.1 350.0 200.5 147.4 65.7 263.1 389.7 281.8 304.9 400.8 349.3 6

 7 Nonfinancial corporate business 15.4 17.2 16.9 18.4 21.1 23.3 25.1 28.0 31.5 33.7 34.3 7

 8 State and local governments 198.1 253.5 256.5 258.6 266.9 271.3 279.3 279.8 285.5 290.2 293.9 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 441.4 534.7 650.2 663.9 678.0 650.3 666.7 686.4 724.6 733.6 799.4 10

11 Monetary authority 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Commercial banking 721.8 777.4 917.9 961.2 1035.0 967.8 999.5 1094.5 1111.0 1056.6 1096.4 12

13 U.S.-chartered commercial banks 626.5 700.2 821.3 866.4 936.0 872.5 906.4 1001.0 1012.4 958.2 996.1 13

14 Foreign banking offices in U.S. 72.7 50.7 61.6 60.0 63.1 54.8 52.5 51.1 54.2 50.7 53.1 14

15 Bank holding companies 4.8 6.2 10.7 11.4 10.9 12.2 11.6 12.5 12.9 14.3 13.5 15

16 Banks in U.S.-affiliated areas 17.8 20.3 24.2 23.4 25.0 28.3 28.9 29.9 31.5 33.3 33.6 16

17 Savings institutions 140.4 161.4 176.2 186.1 192.4 193.3 198.7 228.5 221.3 213.2 223.8 17

18 Credit unions 60.9 80.6 97.3 107.2 116.2 125.7 115.5 120.3 121.6 115.0 117.0 18

19 Bank personal trusts and estates 45.5 35.1 34.2 33.6 32.9 32.2 31.6 32.3 32.9 33.6 34.2 19

20 Life insurance companies 235.4 253.5 330.9 338.4 345.0 346.9 348.9 357.0 363.4 369.5 371.8 20

21 Other insurance companies 84.1 94.2 113.2 113.4 113.3 113.9 115.4 120.3 123.3 126.6 129.5 21

22 Private pension funds 207.3 214.7 220.4 218.3 217.9 221.9 227.3 231.8 233.6 237.2 240.4 22

23 State and local govt. retirement funds 166.6 152.1 151.8 156.2 161.3 156.2 158.5 158.8 160.3 158.4 159.0 23

24 Federal government retirement funds 1.4 3.1 5.5 7.7 7.7 7.1 6.5 6.3 6.1 6.2 6.1 24

25 Money market mutual funds 185.2 318.4 324.1 318.1 326.8 351.0 326.2 300.0 275.7 269.7 262.2 25

26 Mutual funds 275.2 360.5 422.0 435.0 451.9 444.4 447.3 462.3 463.3 459.6 466.4 26

27 Government-sponsored enterprises 810.9 1017.8 1149.5 1178.2 1168.5 1260.4 1238.3 1213.5 1220.4 1247.6 1229.3 27

28 ABS issuers 246.4 265.0 345.7 362.3 400.7 426.3 421.6 399.1 400.8 331.0 300.2 28

29 REITs 15.1 22.1 31.8 28.2 30.5 27.3 28.3 39.4 38.5 37.4 39.7 29

30 Brokers and dealers 63.7 77.8 91.8 128.1 139.4 85.8 83.7 93.8 86.3 131.9 107.3 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, March 10, 2005 89

L.211 Municipal Securities and Loans

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1940.4 1974.6 1994.3 2028.6 1

 2 State and local governments 1183.6 1289.2 1432.6 1456.6 1511.4 1520.1 1550.1 1588.9 1617.8 1635.6 1665.3 2

 3 Short-term (1) 45.1 69.0 94.2 92.8 92.4 95.2 101.3 105.2 87.3 93.5 95.0 3

 4 Long-term 1138.5 1220.2 1338.4 1363.8 1418.9 1425.0 1448.8 1483.7 1530.4 1542.1 1570.3 4

 5 Nonprofit organizations (2) 143.0 156.9 169.8 173.6 177.3 180.6 183.9 186.7 190.9 191.4 193.7 5

 6 Nonfinancial corporate business 154.2 157.7 160.8 160.9 162.0 162.8 164.2 164.8 166.0 167.3 169.5 6

 (industrial revenue bonds)

 7 Total assets 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.2 1940.4 1974.6 1994.3 2028.6 7

 8 Household sector 438.0 489.3 585.6 587.2 613.4 603.7 616.8 629.5 647.8 649.6 661.7 8

 9 Nonfinancial corporate business 31.9 29.3 32.1 32.4 34.0 37.3 39.3 40.8 44.3 46.5 44.0 9

10 Nonfarm noncorporate business 2.4 3.5 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.7 3.8 10

11 State and local governments 3.8 4.0 4.1 4.1 4.2 4.3 4.4 4.4 4.5 4.6 4.7 11

12 Commercial banking 114.1 120.2 121.7 123.2 127.1 131.9 132.5 133.9 137.2 139.2 140.9 12

13 Savings institutions 3.2 4.5 5.5 5.5 5.8 6.3 6.3 6.5 6.5 6.8 7.1 13

14 Bank personal trusts and estates 99.1 95.6 100.9 100.3 99.6 98.9 98.4 98.3 98.2 98.1 98.0 14

15 Life insurance companies 19.1 18.7 19.9 21.6 23.3 24.7 26.1 26.8 27.3 27.8 28.0 15

16 Other insurance companies 184.1 173.8 183.0 192.0 200.7 211.2 224.2 233.6 239.5 246.0 251.6 16

17 State and local govt. retirement funds 1.6 1.4 0.5 0.5 0.4 1.8 0.7 0.9 0.8 1.1 0.9 17

18 Money market mutual funds 244.7 281.0 282.8 292.7 298.6 296.6 297.3 306.7 304.7 303.7 318.8 18

19 Mutual funds 230.5 253.4 277.3 282.8 292.3 289.8 290.2 295.6 290.5 292.6 294.5 19

20 Closed-end funds 67.7 74.7 86.0 87.1 86.7 88.8 89.3 88.8 90.2 89.7 89.4 20

21 Government-sponsored enterprises 29.2 35.4 39.4 39.1 39.0 40.4 44.4 45.8 49.0 51.2 53.3 21

22 Brokers and dealers 11.3 19.0 21.0 19.2 22.1 24.1 24.9 25.3 30.3 33.6 32.0 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 4924.9 5514.1 5979.1 6167.5 6340.1 6443.3 6620.5 6747.7 6860.0 7041.5 7227.2 1

 2 Nonfinancial corporate business 2230.3 2578.8 2711.0 2753.4 2827.7 2851.7 2869.3 2897.9 2899.6 2912.8 2947.4 2

 3 Rest of the world (1) 468.0 443.5 410.0 402.5 377.5 375.3 381.9 377.0 363.5 369.5 383.6 3

 4 Financial sectors 2226.6 2491.8 2858.0 3011.6 3135.0 3216.3 3369.2 3472.8 3597.0 3759.3 3896.2 4

 5 Commercial banking 273.2 310.2 332.2 352.9 359.7 361.2 379.1 389.0 402.6 418.0 437.5 5

 6 Savings institutions 6.3 3.6 3.4 4.8 4.8 5.0 5.1 6.0 5.0 6.0 7.6 6

 7 ABS issuers 1098.6 1234.7 1472.2 1570.6 1653.1 1691.9 1774.5 1825.4 1924.6 2025.2 2077.6 7

 8 Finance companies 503.2 569.9 631.9 649.3 676.6 706.6 747.1 760.6 769.1 776.7 828.5 8

 9 REITs 67.0 71.4 87.6 91.2 94.7 102.2 110.9 121.1 126.6 159.7 165.0 9

10 Brokers and dealers 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 60.6 68.9 62.2 10

11 Funding corporations 237.5 259.7 290.1 292.6 299.9 300.7 305.5 310.8 308.4 304.9 317.8 11

12 Total assets 4924.9 5514.1 5979.1 6167.5 6340.1 6443.3 6620.5 6747.7 6860.0 7041.5 7227.2 12

13 Household sector 645.5 637.9 706.8 635.8 601.9 561.1 526.5 522.5 496.5 480.1 497.8 13

14 State and local governments 70.0 95.6 103.8 104.5 107.1 108.5 111.1 112.4 114.2 115.7 117.2 14

15 Rest of the world (2) 920.6 1115.9 1266.9 1323.4 1385.2 1439.0 1499.5 1552.7 1605.6 1693.3 1775.5 15

16 Commercial banking 266.1 363.1 359.9 449.3 450.4 459.4 482.5 500.4 492.3 529.5 559.8 16

17 Savings institutions 109.4 83.9 79.9 81.9 75.4 68.6 71.1 65.0 59.9 58.3 60.9 17

18 Bank personal trusts and estates 44.9 38.3 35.6 36.5 37.5 38.5 39.5 39.4 39.4 39.4 39.4 18

19 Life insurance companies 1222.2 1342.4 1449.3 1505.6 1558.4 1588.6 1620.2 1661.2 1692.4 1726.4 1753.7 19

20 Other insurance companies 187.5 196.4 198.9 203.0 206.5 211.7 218.9 228.1 233.8 240.2 245.6 20

21 Private pension funds 289.9 294.6 307.3 305.5 304.3 309.6 315.5 320.8 323.6 329.2 331.0 21

22 State and local govt. retirement funds 339.7 339.1 334.5 328.1 332.7 334.8 339.2 335.1 340.6 334.8 333.2 22

23 Federal government retirement funds 0.8 1.6 2.8 3.9 3.9 3.6 3.3 3.2 3.1 3.2 3.1 23

24 Money market mutual funds 161.9 163.0 170.7 183.0 192.4 184.7 185.9 180.0 183.8 183.7 188.1 24

25 Mutual funds 361.9 420.1 470.9 492.1 520.6 531.9 548.3 575.1 583.4 601.3 622.9 25

26 Closed-end funds 30.9 27.1 27.1 32.5 47.2 55.4 58.7 60.3 63.7 64.1 67.6 26

27 Exchange-traded funds 0.0 0.0 1.8 1.9 2.3 2.2 2.4 2.8 2.9 3.1 3.3 27

28 Government-sponsored enterprises 131.1 155.7 189.3 199.0 200.8 205.2 225.8 225.7 238.0 247.3 249.7 28

29 REITs 5.0 7.4 10.3 14.4 13.5 16.6 17.5 22.8 26.0 30.1 31.9 29

30 Brokers and dealers 112.7 161.3 192.0 179.4 201.0 210.8 228.3 226.1 242.6 250.9 252.2 30

31 Funding corporations 24.9 70.8 71.4 87.7 99.1 113.1 126.3 114.0 118.3 111.0 94.3 31

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.
90 Z.1, March 10, 2005

L.213 Corporate Equities (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Issues at market value 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 15627.1 17204.4 1

 2 Nonfinancial corporate business 12678.8 10796.2 7907.1 7647.5 8824.6 9050.7 10154.9 10241.4 10443.7 10037.5 10843.5 2

 3 Rest of the world (2) 1852.8 1612.7 1345.1 1269.9 1516.3 1661.0 1957.9 2051.2 2075.8 2079.1 2423.5 3

 4 Financial corporations 3095.3 2901.8 2618.8 2508.5 2937.8 3043.3 3384.2 3540.3 3463.2 3510.5 3937.4 4

 5 Holdings at market value 17627.0 15310.6 11871.0 11425.9 13278.7 13755.1 15497.0 15832.8 15982.7 15627.1 17204.4 5

 6 Household sector 7806.2 6604.2 5047.8 4858.4 5553.8 5708.9 6375.8 6309.9 6330.0 6056.6 6521.6 6

 7 State and local governments 97.1 100.7 80.3 79.5 81.5 82.6 84.5 85.5 86.9 88.0 89.1 7

 8 Rest of the world (3) 1643.2 1572.7 1260.8 1190.2 1405.7 1437.8 1669.0 1707.6 1710.7 1705.2 1906.1 8

 9 Commercial banking 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 15.7 15.4 19.8 9

10 Savings institutions 24.2 27.9 29.1 29.9 30.6 31.1 30.4 28.2 27.9 28.9 28.2 10

11 Bank personal trusts and estates 356.8 280.7 181.1 170.1 192.7 194.4 213.1 214.8 213.8 206.1 223.4 11

12 Life insurance companies 891.9 811.3 708.9 704.7 806.0 837.6 919.3 956.7 971.7 976.5 1091.5 12

13 Other insurance companies 194.3 173.9 152.3 147.4 162.9 167.3 182.7 188.3 191.2 191.3 209.0 13

14 Private pension funds 1915.0 1562.1 1096.7 1063.5 1266.0 1311.5 1491.9 1547.5 1562.5 1532.0 1690.0 14

15 State and local govt. retirement funds 1223.1 1084.0 869.8 841.9 960.0 981.8 1084.4 1100.4 1113.9 1096.0 1204.7 15

16 Federal government retirement funds 56.6 49.1 45.9 50.5 61.2 67.6 79.9 84.9 87.0 86.6 99.3 16

17 Mutual funds 3227.3 2836.1 2188.0 2089.1 2506.6 2677.5 3051.6 3257.0 3310.8 3286.2 3697.2 17

18 Closed-end funds 36.6 31.1 33.7 33.9 39.6 45.1 52.3 66.5 70.6 74.2 81.4 18

19 Exchange-traded funds 65.6 83.0 98.2 97.2 117.7 115.5 146.3 155.6 171.8 173.9 217.7 19

20 Brokers and dealers 77.2 85.1 74.9 67.7 87.6 86.8 100.5 113.8 118.2 110.3 125.3 20

 Memo:

21 Market value of domestic corporations (4) 15388.6 13316.1 10163.3 9807.9 11347.9 11669.6 13042.1 13241.5 13339.3 12982.8 14127.7 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 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4900.8 4959.4 4981.3 5435.3 1

 2 Holdings at market value 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4900.8 4959.4 4981.3 5435.3 2

 3 Household sector 2832.8 2665.6 2326.3 2292.4 2616.0 2745.8 3008.8 3212.7 3248.5 3283.3 3570.4 3

 4 Nonfinancial corporate business 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 122.5 118.7 128.9 4

 5 State and local governments 21.2 24.3 24.2 26.4 22.4 23.3 25.6 26.2 26.6 26.9 28.3 5

 6 Commercial banking 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 16.2 15.4 18.0 6

 7 Credit unions 2.2 3.7 3.5 3.4 4.5 5.0 4.1 4.2 3.9 3.5 3.1 7

 8 Bank personal trusts and estates 396.8 359.1 339.1 327.1 360.0 364.5 391.2 395.5 396.5 389.5 413.1 8

 9 Life insurance companies 97.0 88.3 76.6 74.6 82.5 85.4 91.7 94.3 95.1 93.1 99.6 9

10 Private pension funds 946.2 862.1 752.0 757.9 863.7 895.6 993.7 1029.2 1050.2 1050.9 1173.7 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, March 10, 2005 91

L.215 Bank Loans Not Elsewhere Classified

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Total loans by commercial

 1 banking, flow of funds basis 3887.3 3957.8 4183.0 4205.9 4295.8 4351.1 4422.6 4497.6 4621.3 4736.8 4825.7 1

 - Loans elsewhere classified:

 2 Open market paper 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Mortgages 1660.1 1789.8 2058.3 2099.3 2192.9 2263.7 2255.8 2329.3 2436.0 2517.4 2594.4 3

 4 Consumer credit 554.0 571.8 606.4 596.8 607.4 618.0 661.0 649.7 652.7 668.8 697.4 4

 5 Security credit 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 251.3 195.7 5

 6 = Banking sector total bank loans n.e.c. 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 1299.3 1338.3 6

 7 U.S.-chartered commercial banks 1202.4 1140.5 1081.9 1050.6 1039.3 1029.5 1045.5 1034.7 1050.3 1060.1 1086.6 7

 8 Foreign banking offices in U.S. 274.6 256.1 237.5 231.2 223.1 205.7 220.4 217.6 218.6 211.9 226.8 8

 9 Bank holding companies 1.6 1.9 2.9 2.6 6.7 6.8 7.9 8.1 7.4 7.8 5.3 9

10 Banks in U.S.-affiliated areas 18.0 22.5 18.2 18.0 18.2 18.1 18.5 19.0 19.5 19.6 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. 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 1299.3 1338.3 12

13 Total liabilities 1496.6 1421.0 1340.4 1302.3 1287.2 1260.2 1292.3 1279.3 1295.8 1299.3 1338.3 13

14 Nonfinancial sectors 1405.6 1316.9 1234.8 1208.9 1188.1 1157.1 1191.5 1174.6 1196.6 1187.0 1224.7 14

15 Households 74.2 57.7 54.3 50.4 60.6 51.5 93.9 92.1 110.9 91.1 97.4 15

16 Corporate business 852.7 743.7 635.5 621.8 602.1 579.9 571.1 558.1 552.3 559.7 580.2 16

17 Nonfarm noncorporate business 361.2 405.3 430.4 425.8 420.7 419.2 420.1 422.2 426.4 429.9 436.0 17

18 Farm business 46.9 46.9 46.0 43.4 45.0 45.4 45.5 42.9 46.0 47.6 47.7 18

19 Rest of the world 70.5 63.2 68.6 67.6 59.7 61.0 60.9 59.2 60.9 58.7 63.4 19

20 Foreign official institutions 3.5 4.3 5.1 4.7 4.7 4.4 4.6 4.9 5.3 5.1 5.5 20

21 Foreign banks 13.2 5.9 5.1 5.5 4.9 3.9 3.7 4.4 5.9 5.1 6.5 21

22 Other foreign 53.8 53.1 58.4 57.4 50.1 52.8 52.7 49.9 49.8 48.6 51.4 22

23 Financial sectors 91.1 104.1 105.6 93.4 99.1 103.1 100.8 104.8 99.2 112.3 113.6 23

24 Savings institutions 21.5 23.0 27.2 15.1 15.9 15.4 13.9 14.3 14.6 15.8 15.9 24

25 Finance companies 35.9 50.8 48.0 47.3 53.2 57.6 56.2 59.8 52.6 64.1 65.2 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 17.6 14.3 14.4 15.0 14.0 14.0 14.7 14.7 16.0 16.4 16.5 27
92 Z.1, March 10, 2005

L.216 Other Loans and Advances

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total other loans and advances 1420.5 1451.1 1475.9 1477.2 1495.7 1490.3 1515.0 1527.0 1575.4 1574.8 1619.9 1

 2 U.S. government loans 127.7 121.8 118.2 118.2 117.6 116.8 116.7 116.1 115.9 115.0 114.5 2

 3 Liab.: Household sector 16.6 15.0 14.2 14.0 13.8 13.6 13.5 13.3 13.1 12.8 12.6 3

 4 Nonfinancial corporate business 7.6 7.4 7.0 7.3 7.5 7.6 7.8 8.0 8.1 8.2 8.3 4

 5 Nonfarm noncorporate business 42.8 39.6 38.9 39.1 39.4 39.5 39.6 40.1 40.4 40.8 41.1 5

 6 Farm business 5.0 5.0 4.7 4.7 4.6 4.5 4.5 4.4 4.4 4.3 4.2 6

 7 State and local governments 8.7 8.9 9.4 9.5 9.6 9.6 9.7 9.7 9.7 9.8 9.9 7

 8 Rest of the world 47.0 45.9 44.0 43.6 42.8 41.9 41.8 40.7 40.3 39.2 38.5 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 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 119.4 121.7 131.2 10

11 Liab.: Nonfinancial corporate business 117.3 115.7 125.8 115.0 126.1 125.2 125.0 113.6 119.4 121.7 131.2 11

 Customers’ liability on acceptances

12 outstanding (bank asset) 7.5 4.6 4.6 4.8 4.5 4.3 4.4 3.9 4.4 4.0 4.0 12

13 Liab.: Nonfinancial corporate business 4.3 4.1 4.4 4.7 4.4 4.2 4.2 3.7 4.2 3.7 3.8 13

14 Rest of the world 3.1 0.5 0.2 0.1 0.1 0.1 0.2 0.1 0.3 0.3 0.3 14

15 Savings institution loans to business 39.3 42.9 46.2 47.4 48.2 57.4 56.3 49.6 55.4 67.3 64.1 15

16 Liab.: Nonfinancial corporate business 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 27.7 33.6 32.1 16

17 Nonfarm noncorporate business 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 27.7 33.6 32.1 17

18 Policy loans (Household liability) 102.8 105.0 106.1 105.6 105.9 105.4 105.5 105.4 105.9 106.7 107.1 18

19 Asset: Federal government 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.1 19

20 Life insurance companies 101.9 104.1 105.1 104.7 104.9 104.4 104.5 104.4 104.9 105.7 106.0 20

21 Government-sponsored enterprise loans 477.6 505.9 514.7 519.9 529.2 533.1 545.8 561.2 601.5 597.4 620.0 21

22 Liab.: Household sector (SLMA) 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.2 0.1 0.1 22

23 Noncorporate business (FCS) 19.5 19.5 20.1 20.4 19.2 18.5 19.8 21.3 19.4 18.0 18.3 23

24 Farm business (FCS) 19.4 22.3 23.7 22.7 23.6 24.0 24.0 22.9 23.8 25.1 25.5 24

25 Commercial banks (FHLB and SLMA) 172.4 196.6 226.8 225.2 235.5 232.2 235.3 253.3 251.4 249.3 244.0 25

26 Savings institutions (FHLB and SLMA) 260.0 259.1 231.7 237.3 236.0 241.8 249.3 247.0 288.4 286.5 309.8 26

27 Credit unions (FHLB) 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 9.6 9.9 11.4 27

28 Life insurance companies (FHLB) 2.5 3.1 5.1 6.3 6.6 7.4 8.0 7.9 8.6 8.6 11.1 28

29 Securitized loans held by ABS issuers 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.6 101.6 106.3 105.3 29

30 Liab.: Nonfinancial corporate business 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.6 101.6 106.3 105.3 30

31 Finance company loans to business 458.4 447.0 455.3 453.9 455.8 445.6 457.5 475.6 471.3 456.3 473.6 31

32 Liab.: Nonfinancial corporate business 412.6 402.3 409.7 408.5 410.2 401.0 411.7 428.1 424.2 410.7 426.3 32

33 Nonfarm noncorporate business 45.8 44.7 45.5 45.4 45.6 44.6 45.7 47.6 47.1 45.6 47.4 33
Z.1, March 10, 2005 93

L.217 Total Mortgages

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total mortgages 6812.4 7486.0 8308.7 8517.6 8791.1 9078.4 9313.0 9570.0 9846.8 10217.6 10507.5 1

 2 Home 5126.3 5635.8 6309.6 6485.8 6703.7 6932.6 7105.1 7316.3 7541.1 7851.7 8071.1 2

 3 Multifamily residential 406.0 447.9 486.3 496.6 515.1 533.2 557.2 563.9 580.0 589.2 601.3 3

 4 Commercial 1169.8 1284.5 1387.3 1407.5 1442.6 1480.9 1517.2 1554.5 1587.4 1636.1 1692.6 4

 5 Farm 110.2 117.8 125.5 127.6 129.7 131.7 133.6 135.3 138.3 140.5 142.5 5

 6 Total liabilities 6812.4 7486.0 8308.7 8517.6 8791.1 9078.4 9313.0 9570.0 9846.8 10217.6 10507.5 6

 7 Household sector 4941.9 5425.2 6062.3 6227.9 6428.3 6647.4 6784.3 6985.4 7199.3 7495.5 7701.9 7

 8 Nonfinancial business 1787.1 1975.3 2152.6 2196.8 2268.9 2333.7 2426.6 2475.9 2534.8 2607.0 2687.8 8

 9 Corporate 369.3 428.6 477.3 484.0 512.0 535.2 582.4 597.8 616.3 647.5 687.9 9

10 Nonfarm noncorporate 1307.6 1428.8 1549.8 1585.3 1627.2 1666.8 1710.6 1742.8 1780.1 1819.0 1857.4 10

11 Farm 110.2 117.8 125.5 127.6 129.7 131.7 133.6 135.3 138.3 140.5 142.5 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 83.4 85.6 93.8 92.8 93.9 97.3 102.1 108.7 112.7 115.1 117.7 13

14 Total assets 6812.4 7486.0 8308.7 8517.6 8791.1 9078.4 9313.0 9570.0 9846.8 10217.6 10507.5 14

15 Household sector 119.1 127.0 137.6 140.4 143.3 146.1 149.0 152.0 155.2 158.3 161.4 15

16 Nonfinancial corporate business 43.5 46.6 48.7 49.2 49.7 50.2 50.7 51.2 51.7 52.2 52.7 16

17 Nonfarm noncorporate business 20.6 23.3 23.1 23.6 24.1 24.5 24.7 24.8 25.0 25.1 25.0 17

18 State and local governments 132.4 130.4 124.0 124.8 127.9 129.6 132.6 134.2 136.4 138.2 141.4 18

19 Federal government 76.9 75.8 76.3 73.9 74.0 73.6 73.8 75.8 74.3 74.5 75.4 19

20 Commercial banking 1660.1 1789.8 2058.3 2099.3 2192.9 2263.7 2255.8 2329.3 2436.0 2517.4 2594.4 20

21 Savings institutions (1) 723.0 758.2 781.4 815.9 833.6 852.1 870.9 927.5 966.5 1009.3 1058.4 21

22 Credit unions 124.9 141.3 159.4 162.3 168.1 176.5 182.6 186.0 196.5 206.4 211.2 22

23 Bank personal trusts and estates 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 1.9 1.9 1.9 23

24 Life insurance companies 235.9 243.0 250.0 251.2 254.4 257.3 260.9 262.0 263.7 267.1 270.0 24

25 Other insurance companies 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 2.2 2.4 2.4 25

26 Private pension funds 10.3 10.4 10.4 10.3 10.1 10.1 10.3 10.2 10.2 10.2 10.0 26

27 State and local govt. retirement funds 22.3 21.4 21.3 17.9 20.0 24.0 19.7 19.1 19.2 20.8 21.2 27

28 Government-sponsored enterprises (1) 264.3 297.5 357.3 381.9 416.0 451.1 463.3 467.6 469.7 473.8 475.2 28

29 Agency- and GSE-backed mortgage pools 2493.2 2831.8 3158.6 3226.6 3289.1 3371.3 3489.1 3510.2 3523.5 3543.7 3542.6 29

30 ABS issuers 660.2 774.8 861.8 902.5 933.8 975.9 1045.0 1121.2 1207.6 1371.0 1494.9 30

31 Finance companies 172.3 161.3 174.5 173.9 183.4 194.7 198.9 206.2 213.9 224.5 243.0 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 17.5 16.8 29.6 27.6 34.7 41.8 49.5 56.5 61.4 88.9 94.2 33

(1) FHLB loans to savings institutions are included in other loans and advances.
94 Z.1, March 10, 2005

L.218 Home Mortgages (1)

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 5126.3 5635.8 6309.6 6485.8 6703.7 6932.6 7105.1 7316.3 7541.1 7851.7 8071.1 1

 2 Household sector 4821.2 5285.8 5909.5 6071.1 6271.6 6485.7 6643.1 6838.2 7048.3 7338.9 7542.8 2

 3 Nonfinancial corporate business 13.5 15.6 16.2 16.6 17.1 17.4 18.0 18.9 19.8 21.0 22.1 3

 4 Nonfarm noncorporate business 291.6 334.4 383.9 398.1 415.0 429.5 444.0 459.2 473.0 491.8 506.1 4

 5 Total assets 5126.3 5635.8 6309.6 6485.8 6703.7 6932.6 7105.1 7316.3 7541.1 7851.7 8071.1 5

 6 Household sector 87.4 94.9 103.6 105.9 108.2 110.6 113.1 115.6 118.2 120.8 123.5 6

 7 Nonfinancial corporate business 21.4 23.0 24.0 24.3 24.5 24.8 25.0 25.3 25.5 25.8 26.0 7

 8 Nonfarm noncorporate business 8.7 9.9 9.6 10.1 10.5 10.9 11.4 11.9 12.3 12.9 13.4 8

 9 State and local governments 67.5 66.5 63.2 63.6 65.2 66.1 67.6 68.5 69.5 70.5 72.1 9

10 Federal government 17.7 17.1 16.2 15.9 15.7 15.5 15.3 15.2 15.0 14.9 14.8 10

11 Commercial banking 965.6 1023.9 1222.2 1244.8 1320.6 1368.8 1347.0 1394.6 1473.6 1522.2 1567.5 11

12 Savings institutions 594.2 620.6 631.4 662.9 676.2 690.4 703.4 753.7 789.5 830.4 875.8 12

13 Credit unions 124.9 141.3 159.4 162.3 168.1 176.5 182.6 186.0 196.5 206.4 211.2 13

14 Bank personal trusts and estates 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 1.9 1.9 1.9 14

15 Life insurance companies 4.9 4.9 4.7 3.8 3.6 3.6 4.4 4.6 4.6 4.7 4.7 15

16 Private pension funds 7.7 4.6 2.8 2.4 2.1 1.8 1.7 1.5 1.5 1.5 1.4 16

17 State and local govt. retirement funds 7.1 6.9 6.8 5.7 6.4 7.7 6.3 6.1 7.8 7.0 6.8 17

18 Government-sponsored enterprises 205.1 225.6 271.1 292.1 321.0 354.6 363.3 365.8 364.9 367.5 367.8 18

19 Agency- and GSE-backed mortgage pools 2425.6 2748.5 3063.7 3128.1 3187.0 3260.8 3367.0 3391.2 3400.0 3419.2 3416.9 19

20 ABS issuers 426.3 496.1 551.8 587.8 603.1 633.5 683.2 750.1 819.1 969.9 1071.9 20

21 Finance companies 130.6 120.1 135.0 133.9 142.5 151.8 152.2 159.5 167.9 176.2 190.2 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 7.4 7.7 20.0 18.2 25.0 31.4 37.8 43.1 51.4 78.4 83.1 23

 Memo:

24 Home equity loans included above (2) 492.0 518.0 583.3 597.4 621.2 650.6 684.9 714.3 768.4 829.0 881.3 24

25 Commercial banking 235.0 258.6 303.3 314.0 328.7 343.3 366.0 390.1 423.3 457.9 483.6 25

26 Savings institutions 72.8 77.9 78.5 83.5 83.0 87.8 95.6 90.8 99.9 112.5 121.5 26

27 Credit unions 40.7 44.9 48.1 47.3 48.4 48.8 51.8 52.9 56.1 60.9 64.0 27

28 ABS issuers 12.9 16.5 18.5 18.8 18.6 19.0 19.2 21.1 21.2 21.6 21.9 28

29 Finance companies 130.6 120.1 135.0 133.9 142.5 151.8 152.2 159.5 167.9 176.2 190.2 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 406.0 447.9 486.3 496.6 515.1 533.2 557.2 563.9 580.0 589.2 601.3 1

 2 Nonfinancial corporate business 25.9 27.3 28.8 29.2 29.6 30.0 30.4 30.9 31.4 31.9 32.4 2

 3 Nonfarm noncorporate business 362.7 401.5 436.8 446.9 464.6 482.4 505.5 509.8 525.3 532.6 544.1 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 17.4 19.0 20.7 20.5 20.9 20.8 21.3 23.2 23.3 24.7 24.8 5

 6 Total assets 406.0 447.9 486.3 496.6 515.1 533.2 557.2 563.9 580.0 589.2 601.3 6

 7 Household sector 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.5 7

 8 Nonfinancial corporate business 0.8 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 8

 9 Nonfarm noncorporate business 7.8 9.0 8.8 8.7 8.8 8.7 8.5 8.2 7.9 7.5 6.9 9

10 State and local governments 52.9 52.2 49.6 49.9 51.2 51.8 53.1 53.7 54.5 55.3 56.6 10

11 Federal government 13.9 13.7 14.3 14.2 14.4 14.4 14.5 14.7 14.8 14.7 15.0 11

12 Commercial banking 77.8 84.9 94.2 96.8 100.1 102.8 104.9 107.7 110.8 115.0 119.3 12

13 Savings institutions 61.3 64.6 68.7 69.8 72.7 74.9 78.0 81.7 84.0 85.8 87.5 13

14 Life insurance companies 33.7 35.6 36.8 37.0 37.6 38.1 38.6 38.7 38.9 39.5 39.9 14

15 Private pension funds 1.1 1.4 1.9 2.0 2.0 2.1 2.2 2.2 2.2 2.2 2.2 15

16 State and local govt. retirement funds 6.2 6.0 6.0 5.0 5.6 6.7 5.5 5.4 6.8 6.1 5.9 16

17 Government-sponsored enterprises 25.0 33.2 41.7 44.6 48.3 49.5 52.6 53.7 55.7 56.6 56.9 17

18 Agency- and GSE-backed mortgage pools 66.0 81.6 94.5 98.2 101.8 109.5 121.1 118.0 122.5 123.6 124.7 18

19 ABS issuers 47.8 53.8 59.2 59.8 61.9 63.9 67.3 69.1 70.7 72.0 75.1 19

20 Finance companies 2.9 2.7 1.7 1.6 1.6 1.6 1.7 1.7 1.8 1.8 1.8 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 1.7 1.5 1.4 1.5 1.5 1.7 1.6 1.8 1.6 1.7 22
Z.1, March 10, 2005 95

L.220 Commercial Mortgages

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1169.8 1284.5 1387.3 1407.5 1442.6 1480.9 1517.2 1554.5 1587.4 1636.1 1692.6 1

 2 Household sector 120.7 139.4 152.8 156.8 156.7 161.7 141.2 147.2 151.1 156.6 159.1 2

 3 Nonfinancial corporate business 329.9 385.7 432.3 438.2 465.3 487.8 533.9 547.9 565.2 594.6 633.4 3

 4 Nonfarm noncorporate business 653.3 692.9 729.1 740.2 747.5 754.9 761.2 773.8 781.8 794.6 807.2 4

 5 REITs 65.9 66.5 73.1 72.3 73.0 76.5 80.8 85.5 89.4 90.4 93.0 5

 6 Total assets 1169.8 1284.5 1387.3 1407.5 1442.6 1480.9 1517.2 1554.5 1587.4 1636.1 1692.6 6

 7 Household sector 8.6 7.9 8.6 8.7 8.9 9.1 9.2 9.4 9.5 9.7 9.9 7

 8 Nonfinancial corporate business 21.2 22.7 23.7 24.0 24.2 24.4 24.7 24.9 25.2 25.4 25.6 8

 9 Nonfarm noncorporate business 5.1 5.2 5.2 5.1 5.1 5.1 5.0 4.9 4.8 4.7 4.5 9

10 State and local governments 10.6 10.4 9.9 10.0 10.2 10.4 10.6 10.7 10.9 11.1 11.3 10

11 Federal government 41.1 41.0 42.1 40.2 40.4 40.2 40.5 42.5 41.2 41.5 42.4 11

12 Commercial banking 582.6 645.6 704.0 719.0 732.4 751.9 763.3 785.7 808.6 836.3 863.0 12

13 Savings institutions 67.0 72.5 80.7 82.7 84.1 86.1 88.9 91.4 92.5 92.5 94.5 13

14 Life insurance companies 183.8 188.4 195.0 196.5 199.8 202.3 203.9 204.6 205.9 208.7 210.9 14

15 Other insurance companies 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 2.2 2.4 2.4 15

16 Private pension funds 1.5 4.3 5.7 5.9 6.0 6.2 6.4 6.6 6.5 6.6 6.5 16

17 State and local govt. retirement funds 8.9 8.6 8.5 7.1 8.0 9.6 7.9 7.7 4.7 7.7 8.5 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 186.2 225.0 250.8 254.9 268.8 278.5 294.5 302.0 317.8 329.1 347.9 19

20 Finance companies 38.8 38.5 37.8 38.5 39.3 41.2 45.0 45.0 44.2 46.4 50.9 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 7.9 7.4 8.1 7.9 8.2 9.0 10.0 11.8 8.2 9.0 9.3 22

L.221 Farm Mortgages

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

 1 Total liabilities (Farm business) 110.2 117.8 125.5 127.6 129.7 131.7 133.6 135.3 138.3 140.5 142.5 1

 2 Total assets 110.2 117.8 125.5 127.6 129.7 131.7 133.6 135.3 138.3 140.5 142.5 2

 3 Household sector 21.6 22.9 24.1 24.4 24.7 25.0 25.3 25.5 26.0 26.3 26.6 3

 4 Nonfarm noncorporate business -0.9 -0.7 -0.5 -0.4 -0.3 -0.3 -0.2 -0.1 -0.0 0.1 0.2 4

 5 State and local governments 1.3 1.3 1.2 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.4 5

 6 Federal government 4.1 4.0 3.7 3.6 3.5 3.6 3.4 3.4 3.3 3.3 3.2 6

 7 Commercial banking 34.0 35.5 38.0 38.7 39.7 40.2 40.6 41.4 42.9 43.9 44.6 7

 8 Savings institutions 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 8

 9 Life insurance companies 13.6 14.1 13.5 13.9 13.3 13.3 14.0 14.1 14.2 14.3 14.5 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 34.2 38.7 44.5 45.2 46.6 47.0 47.4 48.0 49.0 49.7 50.5 11

12 Agency- and GSE-backed mortgage pools 1.6 1.7 0.4 0.3 0.3 1.0 1.0 1.0 1.0 1.0 1.0 12
96 Z.1, March 10, 2005

L.222 Consumer Credit

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities (Households) 1739.1 1878.6 1961.8 1934.3 1963.2 2001.9 2050.1 2030.5 2042.2 2086.8 2151.4 1

 2 Total assets 1739.1 1878.6 1961.8 1934.3 1963.2 2001.9 2050.1 2030.5 2042.2 2086.8 2151.4 2

 3 Nonfinancial corporate business 90.0 88.8 86.4 75.5 75.1 74.6 70.3 62.5 62.9 59.9 73.9 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 67.0 80.1 92.8 90.6 89.1 95.3 94.1 93.9 92.6 99.2 98.4 5

 6 Commercial banking 554.0 571.8 606.4 596.8 607.4 618.0 661.0 649.7 652.7 668.8 697.4 6

 7 Savings institutions 64.8 71.1 68.7 68.6 73.8 72.7 77.9 81.4 88.1 89.2 91.3 7

 8 Credit unions 184.4 189.6 195.7 194.0 198.9 203.4 205.9 207.1 211.7 215.0 217.8 8

 9 Government-sponsored enterprises 37.0 39.4 36.9 35.3 31.3 27.2 20.6 16.0 2.2 0.0 0.0 9

10 ABS issuers 521.3 599.7 637.1 640.2 643.3 626.6 625.0 612.6 607.3 602.0 607.1 10

11 Finance companies 220.5 238.1 237.8 233.2 244.3 284.0 295.4 307.4 324.7 352.7 365.6 11

L.223 Trade Credit

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

 1 Total trade payables 2747.7 2664.3 2740.1 2756.0 2816.7 2869.5 2937.2 2988.7 3050.0 3123.0 3214.3 1

 2 Household sector 134.7 132.9 139.8 141.7 143.6 145.7 147.7 149.9 152.1 154.4 156.7 2

 3 Nonfinancial corporate business 1541.4 1437.7 1461.7 1456.1 1489.3 1521.7 1570.7 1590.3 1626.4 1672.3 1732.1 3

 4 Nonfarm noncorporate business 259.9 255.0 281.0 288.9 299.6 314.1 325.2 338.4 352.7 367.2 383.3 4

 5 Farm business 20.9 18.3 19.2 19.3 20.0 20.2 20.3 19.1 20.5 21.4 21.5 5

 6 State and local governments 635.9 661.1 689.8 697.3 704.8 712.5 720.2 727.9 736.0 744.0 752.3 6

 7 Federal government 69.0 72.3 73.6 78.0 78.2 79.1 77.3 81.7 84.5 86.2 91.5 7

 8 Rest of the world 49.9 47.8 37.6 46.3 45.7 43.7 47.5 46.8 45.7 43.3 40.8 8

 9 Brokers and dealers 35.9 39.2 37.4 28.5 35.3 32.5 28.2 34.6 32.1 34.2 36.0 9

10 Total trade receivables 2744.0 2657.7 2626.4 2708.8 2802.3 2848.5 2855.5 2959.6 3068.2 3132.5 3139.2 10

11 Nonfinancial corporate business 1930.7 1802.2 1721.9 1766.8 1834.6 1857.8 1840.7 1913.9 1992.0 2036.5 2022.4 11

12 Nonfarm noncorporate business 342.1 343.9 362.8 375.9 388.1 404.5 418.4 433.3 449.1 465.1 482.2 12

13 State and local governments 111.4 116.5 118.1 118.8 121.8 123.4 126.3 127.8 129.9 131.6 134.7 13

14 Federal government 28.1 35.5 32.2 45.6 48.7 48.4 51.3 57.6 61.0 59.6 60.9 14

15 Rest of the world 47.0 43.9 47.0 47.3 46.9 46.3 48.7 48.9 50.5 48.3 46.0 15

16 Other insurance companies 64.6 69.9 74.8 79.3 81.6 82.3 79.3 82.4 85.3 86.4 83.4 16

17 ABS issuers 220.0 245.9 269.7 275.2 280.5 285.7 290.8 295.7 300.4 305.0 309.7 17

18 Discrepancy 3.7 6.6 113.7 47.2 14.4 21.0 81.6 29.2 -18.2 -9.5 75.1 18

L.224 Security Credit

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

 1 Total liabilities 822.7 825.9 738.8 796.6 971.9 940.2 871.3 953.3 988.9 985.5 1030.7 1

 2 Household sector 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 217.1 209.9 263.4 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 587.6 629.5 590.6 637.1 723.4 712.6 688.8 752.1 771.8 775.6 767.3 4

 5 Customer credit balances (HH) 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 535.0 524.3 571.6 5

 6 From U.S.-chartered commercial banks 74.7 81.9 79.2 91.5 104.5 99.4 91.5 96.0 96.7 103.4 102.2 6

 7 From foreign banking offices in U.S. 100.5 93.3 98.7 115.9 103.8 109.8 121.9 143.1 140.1 147.9 93.4 7

 8 Total assets 822.7 825.9 738.8 796.6 971.9 940.2 871.3 953.3 988.9 985.5 1030.7 8

 9 Household sector 412.4 454.3 412.7 429.6 515.1 503.4 475.4 513.0 535.0 524.3 571.6 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 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 236.8 251.3 195.7 11

12 Brokers and dealers 235.1 196.4 148.2 159.5 248.5 227.6 182.5 201.2 217.1 209.9 263.4 12
Z.1, March 10, 2005 97

L.225 Life Insurance and Pension Fund Reserves

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Life insurance reserves:

 1 Total liabilities 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1052.7 1069.6 1108.8 1

 2 Federal government 36.4 37.8 39.4 39.4 39.8 39.9 40.5 40.5 40.9 41.0 41.6 2

 3 Life insurance companies 782.7 842.2 881.6 896.9 919.9 933.1 972.7 993.8 1011.7 1028.6 1067.3 3

 4 Total assets (Households) 819.1 880.0 920.9 936.3 959.7 973.0 1013.2 1034.3 1052.7 1069.6 1108.8 4

 Pension fund reserves:

 5 Total liabilities 8831.3 8330.2 7611.6 7539.0 8105.9 8296.9 8834.8 9005.8 9099.1 9086.1 9637.8 5

 6 Life insurance companies 1465.9 1494.6 1583.8 1615.8 1692.9 1731.7 1786.5 1833.9 1868.8 1893.8 2002.8 6

 7 Private pension funds (1) 4402.6 3964.0 3356.9 3311.0 3645.7 3744.0 4072.6 4181.1 4220.7 4199.7 4490.6 7

 8 State and local govt. retirement funds 2166.2 2012.0 1776.9 1729.0 1861.9 1900.1 2016.7 2040.4 2047.3 2012.9 2120.4 8

 9 Federal government retirement funds (2) 796.7 859.7 894.0 883.2 905.4 921.0 959.0 950.4 962.3 979.7 1024.0 9

10 Total assets (Households) (3) 8831.3 8330.2 7611.6 7539.0 8105.9 8296.9 8834.8 9005.8 9099.1 9086.1 9637.8 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 204.8 219.2 241.4 253.0 257.6 264.4 253.8 265.2 271.9 284.4 277.1 1

 2 Nonfinancial corporate business 78.0 81.0 93.0 97.2 96.4 99.0 84.8 91.1 93.9 101.6 90.2 2

 3 Nonfarm noncorporate business 64.6 68.7 70.2 74.7 77.1 78.3 79.5 80.9 81.9 83.1 84.0 3

 4 U.S.-chartered commercial banks 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 20.6 21.4 22.2 4

 5 Savings institutions 2.5 1.7 1.5 1.4 1.4 1.6 1.3 1.8 1.6 1.7 1.9 5

 6 Life insurance companies 17.8 19.7 22.1 22.8 23.4 24.1 24.9 25.6 26.4 27.2 28.1 6

 7 Other insurance companies 19.7 22.4 25.6 26.5 27.4 28.4 29.3 30.3 31.4 32.4 33.5 7

 8 Finance companies 9.1 10.2 11.6 12.0 12.4 12.8 13.2 13.6 14.1 14.5 15.0 8

 9 Brokers and dealers 2.1 1.9 1.3 1.6 1.9 2.0 1.8 1.9 2.0 2.3 2.3 9

10 Total business taxes receivable 84.7 125.9 120.8 152.2 151.5 172.9 176.3 201.8 188.4 190.3 176.8 10

11 State and local governments 42.4 46.1 56.5 62.2 66.5 69.9 73.5 77.9 84.5 89.8 93.9 11

12 Federal government 42.4 79.8 64.3 90.0 85.0 103.1 102.8 123.9 103.9 100.5 82.9 12

13 Discrepancy 120.0 93.4 120.7 100.8 106.1 91.4 77.5 63.4 83.5 94.1 100.3 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 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 936.9 935.4 919.2 958.6 1

 2 Asset: Household sector 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 936.9 935.4 919.2 958.6 2

L.228 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 4834.2 4949.2 5139.7 5202.2 5269.8 5368.3 5495.8 5581.2 5683.1 5828.2 5929.9 1

 2 Nonfarm noncorporate business 3837.6 3921.3 4057.9 4105.9 4165.0 4240.1 4354.0 4403.8 4498.5 4650.3 4729.8 2

 3 Farm business 985.0 1021.7 1076.9 1091.3 1099.3 1122.1 1135.9 1171.6 1178.9 1171.7 1194.3 3

 4 Brokers and dealers 11.7 6.2 5.0 5.1 5.5 6.1 6.0 5.8 5.7 6.2 5.8 4
98 Z.1, March 10, 2005

L.229 Total Miscellaneous Financial Claims

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 10532.6 11314.2 11951.6 12182.6 12112.4 12323.6 12499.9 12786.7 12866.6 13077.3 12837.1 1

 2 Household sector 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 22.0 22.2 2

 3 Nonfinancial corporate business 3455.7 3532.7 3608.7 3617.5 3590.1 3570.7 3542.1 3567.4 3539.0 3475.3 3360.8 3

 4 Nonfarm noncorporate business 552.6 607.3 626.1 635.2 644.6 653.5 662.5 671.0 679.3 687.5 695.4 4

 5 Federal government 711.3 772.0 798.2 777.9 790.7 802.3 831.3 819.8 829.8 846.5 880.3 5

 6 Rest of the world 1881.2 2085.6 2391.8 2554.9 2280.1 2269.9 2473.8 2517.9 2617.6 2707.5 2389.8 6

 7 Monetary authority 10.6 7.7 30.3 27.2 30.7 33.7 34.5 30.8 28.7 38.8 44.4 7

 8 Commercial banking 1257.8 1256.6 1430.8 1416.1 1464.1 1547.2 1550.8 1610.3 1590.9 1650.0 1716.2 8

 9 Savings institutions 102.3 130.7 156.4 187.4 197.7 206.4 181.4 219.0 209.1 212.9 220.6 9

10 Credit unions 5.6 3.8 5.1 1.5 7.6 8.5 6.3 20.9 9.6 22.3 9.1 10

11 Life insurance companies 674.0 675.1 647.9 678.5 730.9 742.8 747.3 791.7 791.4 794.4 796.0 11

12 Other insurance companies 543.0 574.6 622.3 637.3 649.3 667.0 661.4 672.6 685.2 711.0 718.1 12

13 Government-sponsored enterprises 94.0 141.5 169.2 168.5 167.4 160.1 142.6 153.8 130.8 149.3 142.9 13

14 Finance companies 374.3 393.2 413.9 417.8 446.3 507.2 516.7 534.0 526.9 528.5 528.5 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 38.0 38.0 40.6 39.7 40.4 40.3 42.3 44.9 42.6 43.5 43.7 16

17 Brokers and dealers 182.7 374.6 300.5 309.7 321.1 322.2 339.2 352.6 379.6 379.7 406.1 17

18 Funding corporations 613.8 685.7 673.9 676.6 714.3 754.7 730.8 743.0 768.2 792.0 847.0 18

19 Total assets 14148.0 14980.2 15468.0 15588.6 15615.9 15681.6 15969.6 16403.7 16332.9 16444.0 16622.7 19

20 Household sector 370.9 389.4 420.0 431.3 440.6 457.5 462.0 471.5 479.0 495.0 501.0 20

21 Nonfinancial corporate business 6722.6 6942.7 7067.8 7102.2 7164.2 7175.6 7344.6 7432.7 7459.3 7470.6 7653.6 21

22 Nonfarm noncorporate business 553.7 683.6 725.2 736.6 754.1 772.6 793.6 814.1 837.9 862.9 889.2 22

23 Farm business 45.5 47.3 51.4 52.7 53.9 55.6 56.0 56.9 58.2 60.7 61.2 23

24 State and local governments 242.7 179.0 189.5 188.1 193.7 197.9 195.2 202.5 202.7 201.6 193.5 24

25 Federal government 99.1 100.4 100.5 101.6 101.5 101.9 101.9 101.9 101.9 102.4 102.9 25

26 Rest of the world 1655.8 1739.8 1949.8 1989.1 1752.7 1615.7 1521.3 1686.4 1549.6 1509.6 1382.6 26

27 Monetary authority 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 17.8 17.7 18.5 27

28 Commercial banking 1196.9 1347.9 1443.4 1469.1 1488.0 1503.5 1532.4 1570.5 1589.3 1685.9 1647.2 28

29 Savings institutions 67.6 84.9 103.9 104.2 109.1 122.4 99.7 93.3 97.2 96.6 98.9 29

30 Credit unions 12.9 18.3 28.7 24.1 27.2 14.1 29.2 23.8 26.5 27.4 24.0 30

31 Bank personal trusts and estates 21.7 29.4 26.8 29.2 31.6 34.0 36.4 37.6 38.9 40.1 41.4 31

32 Life insurance companies 55.6 40.1 46.8 68.1 68.4 71.0 74.7 107.0 113.6 123.6 132.7 32

33 Other insurance companies 51.8 54.4 74.1 77.3 79.0 81.9 85.5 87.7 90.7 92.7 95.5 33

34 Private pension funds 617.3 589.4 523.8 508.3 538.4 547.7 584.4 590.0 587.5 584.1 587.5 34

35 State and local govt. retirement funds 93.5 113.8 105.9 98.6 106.7 127.2 131.6 131.9 116.7 113.1 112.1 35

36 Federal government retirement funds 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 824.3 855.9 36

37 Money market mutual funds 102.5 128.6 121.6 115.8 117.4 132.9 137.0 137.4 134.4 126.7 129.7 37

38 Mutual funds 3.8 0.8 0.9 1.7 1.7 3.1 1.9 3.1 1.7 5.1 5.1 38

39 Government-sponsored enterprises 63.4 68.9 90.9 89.3 95.5 97.6 107.4 118.0 116.1 114.6 122.9 39

40 Finance companies 261.0 281.8 291.3 304.0 337.6 378.0 395.9 375.0 338.9 334.9 335.2 40

41 REITs 31.9 32.4 31.9 33.6 33.6 36.8 42.4 44.1 39.8 48.5 50.0 41

42 Brokers and dealers 655.1 821.0 723.7 723.2 791.3 827.5 858.8 950.3 960.1 945.7 988.8 42

43 Funding corporations 498.6 500.0 540.2 553.4 532.2 520.5 544.6 548.8 565.8 560.1 593.4 43

44 Discrepancy -3615.3 -3665.9 -3516.4 -3406.0 -3503.4 -3358.0 -3469.7 -3617.0 -3466.3 -3366.7 -3785.6 44
Z.1, March 10, 2005 99

L.230 Identified Miscellaneous Financial Claims - Part I

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 1531.6 1686.6 1840.0 1884.6 1922.3 1969.8 2069.0 2120.2 2181.5 2227.9 2263.8 1

 2 Asset: Nonfinancial corporate business 1322.2 1456.2 1575.9 1609.6 1641.3 1682.2 1759.2 1802.7 1855.6 1895.0 1922.7 2

 3 Commercial banking 43.5 49.6 52.1 53.6 54.5 55.4 60.4 62.1 62.5 63.4 64.0 3

 4 Life insurance companies 17.5 18.2 23.7 24.2 25.9 26.6 28.5 29.1 30.0 31.1 32.3 4

 5 Other insurance companies 51.8 54.4 74.1 77.3 79.0 81.9 85.5 87.7 90.7 92.7 95.5 5

 6 Finance companies 76.6 93.9 101.6 106.8 107.5 109.7 119.9 122.0 124.5 126.3 128.4 6

 7 Brokers and dealers 20.0 14.3 12.7 13.0 14.0 14.0 15.7 16.5 18.2 19.4 20.9 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1171.6 1146.6 1087.7 1100.7 1083.1 1080.6 1100.3 1113.4 1096.3 1118.2 1137.5 8

 9 Nonfarm noncorporate business 3.4 2.9 3.0 3.0 3.0 2.9 3.1 3.0 3.0 3.1 3.1 9

10 Commercial banking 64.2 67.2 76.8 80.4 80.3 80.8 87.5 88.0 89.3 102.0 109.0 10

11 Life insurance companies 42.9 38.8 38.9 40.2 39.6 40.0 58.3 57.7 72.1 74.3 82.4 11

12 Other insurance companies 60.9 66.4 69.9 69.7 70.5 69.9 62.4 63.0 62.7 63.7 64.6 12

13 Finance companies 63.2 68.6 60.1 77.0 78.1 81.0 64.9 66.4 69.9 72.2 74.8 13

14 Brokers and dealers 20.1 72.2 77.4 76.9 78.9 78.5 80.2 79.8 79.9 80.6 80.7 14

15 Funding corporations -5.3 50.8 91.4 89.3 105.0 103.3 97.2 92.7 125.0 138.9 164.8 15

16 Asset: Rest of the world 1421.0 1513.5 1505.2 1537.3 1538.6 1537.0 1554.0 1564.0 1598.3 1653.0 1716.9 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 35.4 37.1 38.6 38.9 39.3 39.7 40.0 40.3 40.8 41.7 42.4 17

18 Asset: Federal government 35.4 37.1 38.6 38.9 39.3 39.7 40.0 40.3 40.8 41.7 42.4 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 9.2 10.5 11.9 19

20 Asset: Commercial banking 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 9.2 10.5 11.9 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 33.8 37.1 39.1 40.3 40.9 41.7 42.3 44.1 45.2 45.2 45.8 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 1.8 1.8 1.9 1.8 1.8 2.1 2.2 2.1 2.0 2.0 23

24 Farm business (FICB and FLB) 1.6 2.0 2.1 2.1 2.2 2.3 2.5 2.4 2.6 2.7 2.7 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) 13.8 15.2 17.5 18.0 18.4 18.6 18.7 19.1 19.3 19.6 19.8 26

27 Savings institutions (FHLB) 15.7 17.0 16.0 16.6 16.4 16.7 16.4 17.6 18.4 18.1 18.0 27

28 Credit unions (FHLB) 0.6 0.9 1.2 1.2 1.3 1.4 1.4 1.5 1.6 1.6 1.7 28

29 Life insurance companies (FHLB) 0.4 0.3 0.5 0.6 0.8 1.0 1.1 1.2 1.2 1.2 1.7 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.1 738.6 819.4 857.1 30

31 Savings institutions 6.6 7.4 8.3 8.5 8.8 9.1 9.3 9.6 9.9 10.2 10.5 31

32 Finance companies 51.3 49.6 44.1 43.9 48.3 47.9 49.9 52.5 54.1 56.3 59.1 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 115.8 146.4 150.9 159.3 174.4 182.1 189.0 214.7 223.2 237.7 248.3 34

35 Asset: Bank holding companies 715.1 805.6 858.5 877.8 914.6 934.8 954.1 1000.9 1041.8 1139.7 1191.0 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 51.3 49.6 44.1 43.9 48.3 47.9 49.9 52.5 54.1 56.3 59.1 36

37 Asset: Nonfinancial corporate business 51.3 49.6 44.1 43.9 48.3 47.9 49.9 52.5 54.1 56.3 59.1 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 137.4 141.3 161.3 38

39 Brokers and dealers 359.9 392.2 407.6 425.1 407.4 402.2 413.8 390.8 428.4 418.9 432.1 39

40 Asset: Funding corporations 498.6 500.0 540.2 553.4 532.2 520.5 544.6 548.8 565.8 560.1 593.4 40
100 Z.1, March 10, 2005

L.231 Identified Miscellaneous Financial Claims - Part II

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.8 2.7 2.8 2.8 2.8 2.9 3.0 3.1 2.9 3.0 3.0 1

 2 Asset: Federal government 2.8 2.7 2.8 2.8 2.8 2.9 3.0 3.1 2.9 3.0 3.0 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 17.1 25.7 27.6 30.5 30.8 28.4 20.5 24.9 19.1 17.9 17.9 5

 6 Asset: Savings institutions 17.1 25.7 27.6 30.5 30.8 28.4 20.5 24.9 19.1 17.9 17.9 6

 Deferred and unpaid life insurance premiums:

 7 Liab.: Household sector 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 22.0 22.2 7

 8 Asset: Life insurance companies 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.0 21.7 22.0 22.2 8

 Life insurance company reserves:

 9 Liab.: Life insurance companies 168.9 175.4 185.6 188.5 191.1 198.1 199.5 202.4 202.3 205.4 206.4 9

10 Health 97.4 100.5 110.6 112.3 114.4 118.6 121.5 123.8 123.1 125.3 125.9 10

11 Policy dividend accumulation 39.5 40.4 40.6 40.7 41.8 42.6 40.5 40.4 41.3 41.9 42.1 11

12 Policy and contract claims 32.0 34.4 34.5 35.5 34.9 36.9 37.5 38.1 37.9 38.1 38.3 12

13 Asset: Household sector 168.9 175.4 185.6 188.5 191.1 198.1 199.5 202.4 202.3 205.4 206.4 13

 Policy payables:

14 Liab.: Other insurance companies 482.1 508.2 552.4 567.7 578.8 597.0 599.0 609.6 622.5 647.3 653.5 14

15 Asset: Household sector 202.0 214.0 232.4 238.9 243.5 251.2 252.0 256.4 261.8 273.2 275.8 15

16 Nonfinancial corporate business 190.4 200.8 218.2 224.2 228.6 235.8 236.6 240.8 245.9 255.7 258.1 16

17 Nonfarm noncorporate business 45.8 48.3 52.5 53.9 55.0 56.7 56.9 57.9 59.1 60.5 61.1 17

18 Farm business 43.9 45.3 49.3 50.7 51.7 53.3 53.5 54.5 55.7 57.9 58.5 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 368.6 339.7 270.7 257.6 291.5 300.0 333.7 340.7 339.2 334.1 341.6 19

20 Asset: Private pension funds 368.6 339.7 270.7 257.6 291.5 300.0 333.7 340.7 339.2 334.1 341.6 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 121.3 121.9 122.0 120.4 118.3 118.8 120.6 120.5 119.8 120.2 118.2 21

22 Asset: Private pension funds 121.3 121.9 122.0 120.4 118.3 118.8 120.6 120.5 119.8 120.2 118.2 22

 Securities borrowed (net):

23 Liab.: Funding corporations 508.2 578.3 575.4 567.7 628.9 672.7 678.0 758.9 756.1 741.4 762.6 23

24 Asset: Brokers and dealers 508.2 578.3 575.4 567.7 628.9 672.7 678.0 758.9 756.1 741.4 762.6 24

 Nonmarketable government securities:

25 Liab.: Federal government 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 824.3 855.9 25

26 Asset: Federal government retirement funds 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 809.2 824.3 855.9 26

 Uniformed Services Retiree Health Care Fund:

27 Liab.: Federal government 0.0 0.0 1.9 4.0 6.1 8.2 10.5 12.7 14.8 16.3 18.8 27

28 Asset: Household sector 0.0 0.0 1.9 4.0 6.1 8.2 10.5 12.7 14.8 16.3 18.8 28
Z.1, March 10, 2005 101

L.232 Unidentified Miscellaneous Financial Claims

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

2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3845.4 4140.5 4528.8 4670.5 4419.7 4488.1 4436.5 4512.1 4422.1 4410.8 3913.0 1

 2 Nonfinancial corporate business 2162.8 2264.2 2399.0 2396.4 2388.7 2371.3 2321.2 2333.5 2322.9 2236.9 2105.1 2

 3 Nonfarm noncorporate business 549.2 604.3 623.1 632.2 641.6 650.6 659.4 668.0 676.3 684.4 692.2 3

 4 Federal government 6.4 6.2 6.0 6.1 6.0 6.0 5.8 5.9 5.8 5.8 5.6 4

 5 Rest of the world 311.5 359.2 510.4 628.7 315.7 257.5 361.8 354.3 392.4 435.0 80.7 5

 6 Monetary authority 3.6 0.4 21.9 18.7 22.0 25.0 25.7 21.9 19.4 28.3 32.5 6

 7 Commercial banking 529.5 495.4 582.1 557.3 591.9 668.4 642.7 656.3 625.6 587.3 588.9 7

 8 U.S.-chartered commercial banks 263.2 173.7 210.6 221.8 235.3 280.8 263.2 287.2 261.2 267.7 319.3 8

 9 Foreign banking offices in U.S. 137.2 141.9 152.4 105.3 101.0 120.9 106.4 85.6 69.7 11.1 -44.5 9

10 Bank holding companies 104.4 150.8 190.9 200.4 224.5 232.7 241.4 249.0 257.9 268.4 271.5 10

11 Banks in U.S.-affiliated areas 24.8 29.0 28.3 29.8 31.1 34.1 31.7 34.6 36.9 40.0 42.6 11

12 Savings institutions 95.7 123.3 148.1 178.9 189.0 197.4 172.0 209.4 199.2 202.7 210.2 12

13 Credit unions 5.6 3.8 5.1 1.5 7.6 8.5 6.3 20.9 9.6 22.3 9.1 13

14 Life insurance companies 93.7 121.2 152.6 192.2 208.8 204.7 155.8 190.9 177.8 180.5 165.7 14

15 Government-sponsored enterprises 43.1 78.7 102.5 97.8 95.7 90.0 79.8 84.8 66.6 86.2 79.3 15

16 Finance companies 208.5 225.4 265.6 253.0 271.5 330.3 351.9 362.6 348.9 343.6 335.4 16

17 REITs 38.0 38.0 40.6 39.7 40.4 40.3 42.3 44.9 42.6 43.5 43.7 17

18 Brokers and dealers -313.1 -236.1 -335.4 -351.6 -339.6 -340.5 -343.8 -332.8 -352.0 -357.5 -354.9 18

19 Funding corporations 110.9 56.6 7.1 19.6 -19.7 -21.3 -44.4 -108.6 -112.9 -88.2 -80.4 19

20 Total assets 7460.8 7806.5 8045.1 8076.5 7923.1 7846.1 7906.2 8129.1 7888.4 7777.6 7698.5 20

21 Nonfinancial corporate business 5158.7 5236.2 5229.7 5224.5 5246.0 5209.6 5298.9 5336.7 5303.7 5263.5 5413.7 21

22 Nonfarm noncorporate business 506.2 633.5 671.0 680.8 697.3 714.1 734.6 753.9 776.7 800.4 826.2 22

23 State and local governments 242.7 179.0 189.5 188.1 193.7 197.9 195.2 202.5 202.7 201.6 193.5 23

24 Federal government 61.0 60.7 59.1 59.9 59.3 59.3 58.9 58.5 58.1 57.7 57.5 24

25 Rest of the world 234.8 226.3 444.6 451.8 214.1 78.7 -32.7 122.5 -48.8 -143.4 -334.3 25

26 Monetary authority 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 17.8 17.7 18.5 26

27 Commercial banking 417.4 470.1 506.9 511.2 491.8 486.0 490.4 479.4 456.6 452.7 360.5 27

28 U.S.-chartered commercial banks 127.4 158.2 176.8 215.2 210.4 204.3 200.3 192.4 190.8 234.8 191.0 28

29 Foreign banking offices in U.S. 177.1 187.2 184.2 142.5 127.6 125.5 123.9 101.0 80.5 18.4 -30.3 29

30 Bank holding companies 106.3 112.2 139.5 145.7 147.1 149.9 161.9 181.4 181.4 193.1 194.3 30

31 Banks in U.S.-affiliated areas 6.6 12.5 6.4 7.9 6.8 6.3 4.3 4.6 3.9 6.4 5.4 31

32 Savings institutions 34.8 42.3 60.3 57.2 61.9 77.3 62.7 50.8 59.7 60.7 63.1 32

33 Credit unions 12.3 17.4 27.6 22.9 25.9 12.7 27.8 22.2 24.9 25.8 22.4 33

34 Bank personal trusts and estates 21.7 29.4 26.8 29.2 31.6 34.0 36.4 37.6 38.9 40.1 41.4 34

35 Life insurance companies 18.2 2.5 2.6 22.6 20.8 22.4 24.2 55.8 60.7 69.2 76.5 35

36 Private pension funds 127.4 127.8 131.1 130.3 128.6 128.9 130.1 128.8 128.5 129.8 127.7 36

37 State and local govt. retirement funds 93.5 113.8 105.9 98.6 106.7 127.2 131.6 131.9 116.7 113.1 112.1 37

38 Mutual funds 3.8 0.8 0.9 1.7 1.7 3.1 1.9 3.1 1.7 5.1 5.1 38

39 Money market mutual funds 102.5 128.6 121.6 115.8 117.4 132.9 137.0 137.4 134.4 126.7 129.7 39

40 Government-sponsored enterprises 63.4 68.9 90.9 89.3 95.5 97.6 107.4 118.0 116.1 114.6 122.9 40

41 Finance companies 184.4 187.9 189.6 197.2 230.1 268.3 276.0 253.0 214.4 208.6 206.8 41

42 REITs 31.9 32.4 31.9 33.6 33.6 36.8 42.4 44.1 39.8 48.5 50.0 42

43 Brokers and dealers 126.9 228.4 135.6 142.5 148.3 140.7 165.1 174.9 185.8 185.0 205.4 43

44 Discrepancy -3615.3 -3665.9 -3516.4 -3406.0 -3503.4 -3358.0 -3469.7 -3617.0 -3466.3 -3366.7 -3785.6 44