108 Z.1, March 9, 2006

F.100.a Nonprofit Organizations (1)

Billions of dollars

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Net financial investment 53.5 42.1 21.7 8.8 23.3 11.1 52.5 48.5 83.6 9.2 1.5 -6.0 39.6 1

 2 Net acquisition of financial assets 70.9 75.8 53.8 46.4 53.0 45.2 76.5 84.9 120.0 47.4 55.0 28.8 108.1 2

 3 Checkable deposits and currency 0.5 -1.0 1.3 4.0 1.2 1.7 -2.5 2.3 8.3 2.9 3.1 2.3 5.1 3

 4 Time and savings deposits -0.2 5.4 -6.2 10.4 -2.4 -1.5 0.2 0.2 1.1 0.3 1.1 0.6 0.8 4

 5 Money market fund shares -13.1 4.9 -1.2 32.9 4.0 -13.8 1.1 1.2 9.4 -1.8 7.1 3.8 4.5 5

 6 Security RPs (2) 0.4 3.1 -2.2 -1.3 6.0 0.5 0.2 0.2 1.4 0.0 1.3 0.7 0.8 6

 7 Credit market instruments 54.9 21.9 22.2 -17.6 10.9 25.5 16.6 38.8 36.7 23.1 36.4 46.7 32.6 7

 8 Open market paper 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 2.0 4.1 1.3 3.0 4.7 12.4 8

 9 Treasury securities 6.4 13.8 4.8 6.1 6.8 5.1 6.4 16.4 13.9 8.9 11.6 17.5 5.4 9

10 Agency- and GSE-backed securities 4.5 2.6 4.6 3.6 3.1 2.3 2.9 7.6 6.4 4.1 5.4 8.1 2.5 10

11 Municipal securities 0.0 0.5 -0.5 0.0 0.2 0.3 0.4 0.1 0.0 -0.1 0.1 0.1 0.0 11

12 Corporate and foreign bonds 6.6 9.7 8.2 7.9 5.6 4.5 2.4 11.9 11.7 8.3 15.4 15.4 10.5 12

13 Mortgages -0.8 0.9 -0.7 -0.1 0.9 0.9 -0.1 0.9 0.6 0.6 0.9 0.8 1.7 13

14 Corporate equities 5.2 16.1 15.0 -18.6 18.6 8.9 45.1 -10.4 21.0 -30.6 -40.7 -67.4 15.4 14

15 Mutual fund shares -1.0 2.6 1.2 -3.3 0.7 -0.7 1.5 1.3 2.4 -1.0 0.4 -3.3 -1.0 15

16 Security credit 2.8 2.8 2.6 2.0 1.1 0.8 2.0 1.5 3.4 3.7 4.6 1.1 4.3 16

17 Trade receivables (2) 2.8 2.8 2.6 2.0 1.1 1.8 2.1 1.6 3.5 2.6 4.6 1.1 4.3 17

18 Equity in noncorporate business -0.1 -3.9 -6.0 15.2 10.6 7.0 0.2 10.2 8.4 9.7 12.5 12.0 16.3 18

19 Miscellaneous assets (2) 18.6 21.0 24.5 20.5 1.2 15.0 10.1 38.0 24.4 38.3 24.7 31.2 25.0 19

20 Net increase in liabilities 17.3 33.6 32.1 37.6 29.7 34.1 24.0 36.4 36.3 38.2 53.5 34.7 68.5 20

21 Credit market instruments 7.8 12.0 12.2 14.5 9.6 14.2 2.8 -0.1 11.5 13.4 23.6 13.5 19.3 21

22 Municipal securities 1.8 3.5 3.3 4.0 2.0 1.4 3.6 0.7 6.6 10.0 12.0 10.4 5.8 22

23 Bank loans n.e.c. 0.2 -5.2 -1.1 -2.8 2.4 5.0 6.4 8.9 0.2 4.8 3.1 -4.3 1.3 23

24 Other loans and advances -0.0 -0.0 0.3 0.4 -0.2 0.1 0.1 -0.1 0.0 -0.2 -0.1 0.1 -0.3 24

25 Commercial mortgages 5.8 13.8 9.7 12.9 5.4 7.7 -7.4 -9.6 4.7 -1.2 8.6 7.3 12.5 25

26 Trade payables 2.4 16.2 9.3 9.4 5.9 6.0 5.2 7.9 8.0 8.9 8.7 4.1 3.8 26

27 Miscellaneous liabilities (2) 7.1 5.5 10.5 13.7 14.2 14.0 16.0 28.6 16.8 15.8 21.2 17.0 45.4 27

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table F.100.
Z.1, March 9, 2006 109

L.100.a Nonprofit Organizations (1)

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

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Total financial assets 590.7 710.5 742.1 828.1 890.2 957.1 1025.5 1214.0 1414.1 1607.3 1793.9 1974.7 2003.8 1

 2 Checkable deposits and currency 17.0 15.9 17.3 21.3 22.5 24.1 21.6 23.9 32.1 35.0 38.1 40.4 45.5 2

 3 Time and savings deposits 1.5 6.8 0.6 11.1 8.7 7.1 7.3 7.5 8.6 8.9 10.0 10.6 11.4 3

 4 Money market fund shares 15.9 20.8 19.6 52.5 56.5 42.7 43.8 45.1 54.5 52.7 59.8 63.6 68.1 4

 5 Security RPs (2) 1.7 4.8 2.5 1.3 7.3 7.8 8.0 8.2 9.6 9.6 10.9 11.6 12.5 5

 6 Credit market instruments 229.3 251.2 273.4 255.9 266.8 292.3 308.9 347.7 384.4 407.6 443.9 490.6 523.2 6

 7 Open market paper 93.6 87.9 93.7 58.5 52.7 65.0 69.7 71.7 75.8 77.1 80.2 84.9 97.3 7

 8 Treasury securities 55.7 69.5 74.3 80.3 87.1 92.2 98.5 114.9 128.8 137.6 149.2 166.8 172.2 8

 9 Agency- and GSE-backed securities 26.3 28.9 33.5 37.1 40.3 42.6 45.5 53.1 59.5 63.6 69.0 77.1 79.6 9

10 Municipal securities 0.1 0.6 0.1 0.2 0.4 0.8 1.1 1.2 1.3 1.2 1.3 1.5 1.5 10

11 Corporate and foreign bonds 51.1 60.8 69.0 77.0 82.6 87.1 89.5 101.4 113.1 121.4 136.8 152.2 162.6 11

12 Mortgages 2.6 3.5 2.8 2.8 3.7 4.6 4.5 5.3 6.0 6.6 7.4 8.3 10.0 12

13 Corporate equities 145.8 203.0 197.5 214.6 241.1 270.2 308.2 397.1 494.7 604.9 692.0 769.3 708.6 13

14 Mutual fund shares 10.2 15.8 15.3 15.9 17.7 18.5 19.0 24.6 30.4 34.5 38.7 42.7 38.8 14

15 Security credit 25.7 28.5 31.1 33.1 34.3 35.0 37.1 38.6 42.0 45.8 50.3 51.5 55.8 15

16 Trade receivables (2) 25.7 28.5 31.1 33.1 34.3 36.1 38.1 39.7 43.2 45.8 50.3 51.5 55.8 16

17 Equity in noncorporate business 26.1 22.2 16.2 31.4 42.0 49.0 49.2 59.4 67.8 77.5 90.0 102.0 118.3 17

18 Miscellaneous assets (2) 92.0 112.9 137.4 158.0 159.2 174.2 184.3 222.2 246.7 285.0 309.7 340.9 365.9 18

19 Liabilities 253.8 287.5 319.5 357.1 386.8 421.0 444.9 481.4 517.7 555.8 609.3 644.1 712.5 19

20 Credit market instruments 154.7 166.7 178.9 193.4 203.0 217.1 219.9 219.8 231.4 244.8 268.4 281.9 301.2 20

21 Municipal securities 79.9 83.3 86.6 90.6 92.6 94.0 97.6 98.3 104.9 114.9 126.9 137.3 143.0 21

22 Bank loans n.e.c. 15.5 10.3 9.2 6.4 8.8 13.8 19.9 28.8 29.0 34.1 37.2 35.8 37.1 22

23 Other loans and advances 0.3 0.3 0.5 0.9 0.7 0.8 0.9 0.8 0.9 0.7 0.6 0.7 0.4 23

24 Commercial mortgages 59.0 72.8 82.5 95.5 100.9 108.5 101.5 91.9 96.6 95.1 103.7 108.2 120.7 24

25 Trade payables 41.3 57.4 66.8 76.2 82.1 88.1 93.2 101.1 109.1 118.0 126.8 130.9 134.7 25

26 Miscellaneous liabilities (2) 57.9 63.3 73.9 87.6 101.8 115.8 131.8 160.4 177.2 193.0 214.2 231.2 276.6 26

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table L.100.
110 Z.1, March 9, 2006

F.106.c Consolidated Statement for Federal, State, and Local Governments (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2001 2002 2003 2004 2005 2004 2005

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Current receipts, NIPA basis 3113.1 2958.7 3018.1 3208.2 3551.9 3208.0 3321.6 3497.2 3564.3 3486.0 3660.0 1

 2 Personal current taxes 1237.3 1051.8 999.9 1049.1 1209.8 1058.4 1094.3 1171.4 1206.0 1220.4 1241.3 2

 3 Taxes on production and imports 728.6 762.8 801.4 852.8 903.1 855.5 870.9 883.8 900.1 909.5 919.2 3

 4 Taxes on corporate income 194.9 182.6 221.9 258.9 358.5 246.9 280.1 348.1 358.5 346.2 381.0 4

 5 Taxes from the rest of the world 7.1 7.3 8.5 9.2 9.7 7.9 11.2 9.7 8.5 10.0 10.4 5

 6 Contributions for govt. social insurance 731.1 750.0 776.6 822.2 871.2 825.9 843.5 861.0 864.9 875.4 883.5 6

 7 Income receipts on assets 113.7 98.4 97.6 99.0 102.3 99.2 101.0 101.2 103.1 102.2 102.7 7

 8 Current transfer receipts 101.8 104.9 110.9 120.1 108.6 117.2 125.7 128.2 130.1 45.1 131.0 8

 9 Current surplus of government enterprises -1.4 0.9 1.3 -3.0 -11.2 -3.0 -5.2 -6.1 -7.0 -22.8 -9.0 9

10 Current expenditures, NIPA basis 3061.6 3240.8 3424.7 3620.6 3878.1 3638.9 3689.2 3788.1 3840.3 3900.4 3983.5 10

11 Consumption expenditures 1501.6 1616.9 1736.7 1843.4 1962.8 1859.6 1878.2 1918.6 1938.5 1988.6 2005.7 11

12 Government social benefits 1146.6 1251.6 1316.4 1397.5 1487.2 1400.1 1422.6 1462.9 1483.6 1486.5 1516.0 12

13 Other current transfer payments 13.9 18.8 23.6 25.9 31.3 22.2 25.3 38.3 23.5 25.9 37.3 13

14 Interest payments 344.1 315.1 301.4 310.3 341.5 313.8 316.5 317.8 342.6 343.3 362.3 14

15 Subsidies 55.3 38.4 46.7 43.5 55.3 43.2 46.5 50.6 52.1 56.1 62.4 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net government saving, NIPA basis 51.5 -282.1 -406.5 -412.3 -326.2 -430.9 -367.7 -290.9 -276.1 -414.4 -323.5 17

18 + Consumption of fixed capital 206.0 211.6 218.5 229.1 247.0 230.6 234.5 237.5 240.4 260.2 250.2 18

19 - Insurance and pension fund reserves (2) 3.3 -1.7 -0.6 0.0 0.7 -1.3 3.5 5.4 -1.8 -4.9 4.0 19

20 + Net capital transfers (3) 35.7 29.0 11.1 13.9 10.5 15.9 12.9 -1.8 13.9 14.6 15.2 20

21 = Gross saving and net capital transfers 289.9 -39.8 -176.3 -169.3 -69.3 -183.1 -123.8 -60.6 -20.0 -134.6 -62.1 21

22 Gross investment 299.3 -20.0 -191.1 -135.2 -44.6 -74.0 -81.1 -272.7 188.2 -35.6 -58.4 22

23 Fixed investment 324.0 344.3 355.3 372.5 400.6 372.9 381.7 383.4 399.1 404.1 415.7 23

24 Nonproduced nonfinancial assets 8.5 10.9 11.1 11.8 12.0 13.6 11.0 12.5 11.8 11.0 12.6 24

25 Net financial investment -33.3 -375.2 -557.5 -519.5 -457.2 -460.4 -473.8 -668.6 -222.7 -450.7 -486.7 25

26 Net acquisition of financial assets 132.5 57.5 83.1 39.2 54.4 40.9 59.6 166.2 -89.6 31.7 109.2 26

27 Gold, SDRs, and official foreign exchange 4.6 3.4 -1.8 -3.1 -10.8 -2.0 -3.2 -21.6 2.9 -19.4 -5.1 27

28 Checkable deposits and currency 45.1 -12.0 12.7 -35.7 17.2 -55.5 -14.7 111.6 -34.2 -61.7 53.2 28

29 Time and savings deposits 16.2 25.9 -17.2 6.9 28.2 24.4 -2.2 59.5 -5.0 44.2 13.8 29

30 Money market fund shares 3.2 1.6 3.6 3.2 2.5 3.4 5.3 3.1 -1.0 4.2 3.7 30

31 Security RPs -11.1 -16.4 7.2 6.4 5.0 6.7 10.5 6.2 -1.9 8.3 7.3 31

32 Credit market instruments 80.8 69.3 41.5 42.9 29.4 65.5 62.7 38.0 -28.9 68.9 39.7 32

33 Open market paper 17.4 14.4 9.4 8.3 6.5 8.7 13.8 8.1 -2.5 10.9 9.6 33

34 Agency- and GSE-backed securities (4) 47.2 41.9 20.4 18.1 14.1 18.9 29.9 17.6 -5.5 23.7 20.8 34

35 Municipal securities 0.2 0.1 0.3 0.2 0.2 0.2 0.4 0.2 -0.1 0.3 0.3 35

36 Corporate and foreign bonds 11.2 9.1 6.5 5.7 4.5 6.0 9.5 5.6 -1.7 7.5 6.6 36

37 Mortgages -2.1 -4.8 5.3 8.4 7.7 7.9 15.0 7.7 -1.5 12.8 11.9 37

38 Consumer credit 13.1 12.7 1.3 4.3 3.7 26.3 -3.3 9.1 -8.0 21.1 -7.4 38

39 Other loans and advances (5) -6.2 -4.1 -1.6 -2.2 -7.3 -2.7 -2.5 -10.4 -9.6 -7.4 -2.0 39

40 Corporate equities 4.0 10.3 -17.5 -5.0 -0.8 12.1 -27.3 14.2 -8.7 -6.8 -1.8 40

41 Mutual fund shares 0.4 2.1 -5.4 -1.5 -0.2 3.7 -8.3 4.3 -2.7 -2.1 -0.5 41

42 Trade receivables 13.2 -0.7 26.4 17.1 8.2 12.0 21.3 -2.8 15.9 22.9 -3.0 42

43 Taxes receivable -7.0 2.5 30.5 15.2 25.0 4.4 5.6 94.3 5.8 -23.8 23.6 43

44 Miscellaneous assets -16.8 -28.5 3.0 -7.1 -49.3 -33.6 10.0 -140.7 -31.8 -3.1 -21.8 44

45 Net increase in liabilities 165.8 432.7 640.6 558.8 511.5 501.3 533.5 834.7 133.1 482.4 595.9 45

46 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Treasury currency 1.3 1.0 0.6 0.7 0.8 0.7 0.1 0.8 1.1 0.9 0.3 47

48 Credit market instruments 81.6 374.7 505.3 457.4 415.2 398.3 423.6 740.0 21.6 377.4 521.8 48

49 Savings bonds 5.6 4.5 8.9 0.6 0.7 -1.1 -1.4 0.1 0.7 -1.7 3.6 49

50 Other Treasury securities (6) -29.0 226.2 381.2 339.4 238.1 254.5 304.5 538.9 -81.3 150.9 343.7 50

51 Budget agency securities -0.5 0.5 -2.4 -0.6 -0.4 -0.2 0.3 -0.7 -1.4 -0.4 0.8 51

52 Municipal securities 105.5 143.4 117.5 118.0 176.8 145.0 120.2 201.7 103.6 228.5 173.6 52

53 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 53

54 Trade payables 28.6 29.5 103.0 49.3 52.5 49.6 36.7 47.8 55.0 53.8 53.4 54

55 Insurance reserves 1.4 1.6 1.1 1.1 1.1 0.2 2.3 0.0 1.7 0.3 2.6 55

56 Miscellaneous liabilities (7) 53.0 26.0 30.7 50.3 41.9 52.5 70.7 46.2 53.7 50.0 17.8 56

57 Discrepancy -9.3 -19.8 14.8 -34.1 -24.7 -109.1 -42.7 212.1 -208.2 -99.0 -3.7 57

 Memo:

58 Net govt. saving less fixed investment (8) -272.5 -626.4 -761.8 -784.9 -726.8 -803.8 -749.4 -674.3 -675.1 -818.5 -739.2 58

59 Adjustment between NIPA and FOF (9) 239.2 260.9 214.5 264.7 268.7 342.5 275.2 4.2 451.6 367.3 251.8 59

60 Items to be financed (10) -33.3 -365.5 -547.3 -520.1 -458.1 -461.2 -474.2 -670.1 -223.6 -451.1 -487.4 60

(1) This table is consistent with NIPA table 3.1 in the Survey of Current Business, Department of Commerce.

(2) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(3) Table F.9, line 1.

(4) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(5) Excludes loans to state and local governments.

(6) Excludes Treasury securities owed to state and local governments.

(7) Includes nonmarketable government securities held by civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service

 retirement and disability fund.

(8) Line 17 less line 23.

(9) Line 18 plus line 20 less sum of lines 19, 24, and 56.

(10) Line 57 plus line 58.
Z.1, March 9, 2006 111

L.106.c Consolidated Statement for Federal, State, and Local Governments

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

2001 2002 2003 2004 2005 2004 2005

 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2032.1 2053.7 2184.9 2226.6 2290.6 2220.6 2226.6 2247.9 2245.4 2293.4 2290.6 1

 2 Gold, SDRs, and official foreign exchange 43.1 51.1 55.1 54.5 35.3 52.0 54.5 47.5 46.1 40.9 35.3 2

 3 Checkable deposits and currency 103.2 89.0 99.1 62.2 82.2 72.1 62.2 70.3 83.5 72.9 82.2 3

 4 Time and savings deposits 140.3 166.3 149.1 156.0 184.1 152.9 156.0 171.0 169.9 176.6 184.1 4

 5 Money market fund shares 57.4 59.0 62.6 65.8 68.4 64.5 65.8 66.6 66.4 67.4 68.4 5

 6 Security RPs 132.5 116.1 123.2 129.6 134.6 127.0 129.6 131.1 130.7 132.7 134.6 6

 7 Credit market instruments 925.3 994.6 1036.1 1079.0 1108.4 1063.3 1079.0 1088.5 1081.2 1098.5 1108.4 7

 8 Open market paper 137.6 152.0 161.4 169.7 176.2 166.2 169.7 171.7 171.1 173.8 176.2 8

 9 Agency- and GSE-backed securities (1) 288.3 330.2 350.6 368.7 382.9 361.3 368.7 373.1 371.8 377.7 382.9 9

10 Municipal securities 4.0 4.1 4.4 4.6 4.8 4.5 4.6 4.7 4.6 4.7 4.8 10

11 Corporate and foreign bonds 95.5 104.6 111.1 116.8 121.3 114.5 116.8 118.2 117.8 119.7 121.3 11

12 Mortgages 206.1 201.2 206.5 214.9 222.6 211.2 214.9 216.8 216.5 219.7 222.6 12

13 Consumer credit 80.1 92.8 94.1 98.4 102.1 99.2 98.4 100.6 98.6 103.9 102.1 13

14 Other loans and advances (2) 113.8 109.7 108.1 105.8 98.5 106.5 105.8 103.3 100.9 99.0 98.5 14

15 Corporate equities 88.4 79.6 84.5 88.9 92.3 87.1 88.9 90.0 89.6 91.0 92.3 15

16 Mutual fund shares 28.3 24.4 25.9 27.2 28.2 26.7 27.2 27.5 27.4 27.9 28.2 16

17 Trade receivables 151.9 151.2 177.6 194.7 202.9 190.0 194.7 196.9 201.2 204.2 202.9 17

18 Taxes receivable 125.9 115.1 171.1 171.9 200.3 184.1 171.9 193.0 190.6 214.9 200.3 18

19 Miscellaneous assets 235.9 207.4 200.6 196.8 153.9 201.0 196.8 165.5 158.7 166.2 153.9 19

20 Total liabilities 5909.3 6342.2 6985.2 7542.7 8036.0 7374.1 7542.7 7741.8 7733.7 7857.3 8036.0 20

21 SDR certificates 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 21

22 Treasury currency 24.5 25.5 26.0 26.7 27.5 26.7 26.7 26.9 27.2 27.4 27.5 22

23 Credit market instruments 4339.4 4714.0 5219.3 5676.7 6091.9 5548.6 5676.7 5870.4 5848.2 5941.7 6091.9 23

24 Savings bonds 190.3 194.9 203.8 204.4 205.1 204.1 204.4 204.2 204.2 203.6 205.1 24

25 Other Treasury securities (3) 2833.1 3059.3 3440.5 3779.9 4018.0 3685.2 3779.9 3923.9 3859.6 3915.9 4018.0 25

26 Budget agency securities 26.8 27.3 24.9 24.3 23.8 24.2 24.3 24.1 23.7 23.6 23.8 26

27 Municipal securities 1289.2 1432.6 1550.1 1668.1 1845.0 1635.1 1668.1 1718.2 1760.7 1798.6 1845.0 27

28 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 28

29 Trade payables 733.5 762.9 865.9 915.2 967.7 909.2 915.2 929.2 944.2 957.4 967.7 29

30 Insurance reserves 37.8 39.4 40.5 41.6 42.7 41.0 41.6 41.6 42.0 42.1 42.7 30

31 Miscellaneous liabilities (4) 772.0 798.2 831.3 880.3 904.0 846.5 880.3 871.6 869.9 886.5 904.0 31

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

(4) Includes nonmarketable government securities held by civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service

 retirement and disability fund.
112 Z.1, March 9, 2006

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

 

 1 Net acquisition of financial assets 47.8 45.2 -27.2 -40.6 -47.0 -49.3 -88.5 -103.6 -90.9 -55.5 -16.2 -22.7 -24.0 1

 2 Checkable deposits and currency -0.0 0.8 0.3 0.2 0.4 0.6 0.2 1.2 0.2 0.2 0.1 0.1 0.1 2

 3 Time and savings deposits 6.4 13.1 4.8 10.8 13.3 15.1 -9.3 17.4 6.2 4.1 1.7 1.7 3.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs -0.0 -4.2 -0.2 3.2 0.3 0.6 2.0 -2.5 0.8 0.5 0.2 0.2 0.4 5

 6 Credit market instruments 22.9 35.6 24.1 -8.9 39.7 -20.1 84.6 -88.2 5.3 16.3 13.3 25.3 11.7 6

 7 Open market paper -0.0 -4.2 -0.2 3.2 0.3 0.6 2.0 -2.5 0.8 0.5 0.2 0.2 0.4 7

 8 Treasury securities -5.6 10.1 2.0 -4.6 3.7 -20.2 4.1 -8.4 0.6 1.9 1.6 2.8 1.0 8

 9 Agency- and GSE-backed securities 15.9 30.7 4.7 -10.8 8.6 -16.7 32.0 -26.6 1.8 6.1 5.1 10.0 4.5 9

10 Corporate and foreign bonds 14.0 2.7 17.4 3.1 26.5 16.4 46.5 -49.9 2.3 7.8 6.5 12.4 5.9 10

11 Mortgages -1.4 -3.7 0.2 0.1 0.6 -0.3 0.1 -0.8 -0.0 0.0 -0.1 -0.1 -0.2 11

12 Corporate equities 6.8 -3.8 -51.1 -55.3 -100.9 -54.6 -154.6 -65.7 -124.0 -90.0 -43.3 -36.3 -25.0 12

13 Mutual fund shares 4.4 3.7 1.9 -2.2 1.3 3.3 -4.5 34.4 15.6 10.0 18.2 -6.2 -8.0 13

14 Miscellaneous assets 7.3 0.1 -6.9 11.7 -1.2 5.9 -7.0 -0.2 4.9 3.5 -6.4 -7.6 -6.7 14

15 Unallocated insurance contracts (1) -0.6 -5.1 -6.0 2.3 -5.6 -3.8 -14.4 -4.6 5.1 3.2 -4.6 -5.3 -1.3 15

16 Contributions receivable 7.4 6.2 -0.3 -0.3 3.5 8.0 2.7 11.8 -0.1 0.1 -1.1 -1.4 -3.4 16

17 Other 0.6 -1.0 -0.6 9.7 0.9 1.8 4.8 -7.4 -0.1 0.1 -0.7 -0.9 -2.1 17

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 51.4 40.4 53.4 38.7 29.4 33.4 12.9 9.7 16.3 17.3 24.2 18.5 25.2 1

 2 Checkable deposits and currency 0.2 0.1 0.4 0.4 0.8 -1.5 1.0 1.3 0.2 0.2 0.1 0.1 0.1 2

 3 Time and savings deposits -9.9 -6.3 -0.2 -5.5 -5.8 13.3 -19.6 0.2 0.9 0.5 0.7 0.3 0.8 3

 4 Money market fund shares 6.5 5.3 6.0 10.8 13.1 1.9 11.7 1.7 3.8 2.3 1.5 0.8 1.9 4

 5 Security RPs 0.9 -2.0 0.2 1.3 0.6 0.6 1.7 0.1 0.7 0.5 0.3 0.1 0.4 5

 6 Credit market instruments 13.3 4.1 -7.6 2.4 6.1 -5.9 14.7 -8.2 8.0 9.4 0.9 9.5 11.1 6

 7 Open market paper 0.7 -2.0 0.7 2.4 0.9 2.5 5.0 -2.6 0.2 2.1 -2.4 0.9 1.6 7

 8 Treasury securities 1.2 6.7 -2.5 -0.2 -1.2 -13.0 -1.8 1.2 -0.3 2.7 -0.2 2.1 1.8 8

 9 Agency- and GSE-backed securities -1.8 10.2 -2.0 0.2 -0.9 0.1 6.3 0.9 5.7 -0.4 1.8 3.2 2.9 9

10 Corporate and foreign bonds 13.2 -9.3 -4.3 -0.5 7.2 4.5 3.6 -7.8 2.4 4.9 1.7 3.4 4.9 10

11 Mortgages -0.2 -1.4 0.5 0.5 0.1 -0.0 1.6 0.0 0.1 -0.0 -0.0 -0.1 0.0 11

12 Corporate equities 13.4 4.1 -21.0 -20.4 -41.3 24.1 -105.7 -17.0 -5.8 -31.4 -1.5 -7.8 -4.6 12

13 Mutual fund shares 22.4 20.1 43.1 25.3 41.4 -6.8 107.1 49.6 2.3 40.4 33.4 32.0 26.6 13

14 Miscellaneous assets 4.6 15.0 32.6 24.2 14.7 7.8 2.1 -17.9 6.3 -4.6 -11.2 -16.5 -11.0 14

15 Unallocated insurance contracts (2) 12.9 8.9 23.7 12.2 4.6 -11.0 4.5 -19.6 5.1 -7.8 -12.5 -11.3 -5.2 15

16 Contributions receivable 4.9 5.5 4.4 4.3 3.6 13.4 -10.3 2.2 0.7 -0.0 -0.3 -1.0 0.0 16

17 Other -13.2 0.6 4.5 7.7 6.5 5.5 7.9 -0.5 0.5 3.2 1.5 -4.2 -5.8 17

(1) Includes 401(k) type plans.

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

F.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total held at: 86.7 85.6 122.2 132.8 151.8 191.5 219.7 239.8 182.9 194.8 211.7 244.7 NA 1

 2 Commercial banking -2.9 -1.1 6.5 0.7 0.1 -0.5 -3.4 8.9 3.1 5.4 0.4 2.0 NA 2

 3 Saving institutions -9.1 -6.3 -1.9 -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.3 -1.5 NA 3

 4 Credit unions -0.3 -0.0 1.2 0.9 1.2 0.3 0.9 0.4 3.2 3.4 3.5 0.9 NA 4

 5 Life insurance companies 12.6 13.2 11.2 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 29.7 NA 5

 6 Money market mutual funds 5.0 13.7 12.9 13.8 2.0 25.0 20.0 4.0 18.0 11.0 -14.0 -11.0 NA 6

 7 Mutual funds 58.7 11.6 64.0 48.8 93.4 88.7 93.8 48.4 31.1 20.4 107.0 73.5 NA 7

 8 Other self-directed accounts 22.7 54.5 28.3 62.1 13.6 58.6 70.6 160.9 102.7 73.1 108.3 151.2 NA 8

(1) Assets of the household sector (F.100). IRA assets are not included in pension fund reserves (table F.225), except for those at life insurance companies. Figures for depositories (lines 2 through 4)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7).
Z.1, March 9, 2006 113

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

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

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

 

 1 Total financial assets 1195.1 1276.0 1460.5 1579.0 1746.8 1885.4 2071.7 1914.0 1685.5 1409.2 1680.0 1810.6 1769.1 1

 2 Checkable deposits and currency 1.0 1.8 2.1 2.2 2.6 3.2 3.4 4.7 4.9 5.1 5.1 5.2 5.3 2

 3 Time and savings deposits 54.1 67.1 71.9 82.7 96.0 111.1 101.7 119.1 125.3 129.4 131.1 132.9 136.4 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 15.8 11.6 11.4 14.6 14.9 15.5 17.5 15.0 15.8 16.3 16.5 16.7 17.2 5

 6 Credit market instruments 402.7 438.3 462.4 453.5 493.1 473.0 557.6 469.5 474.8 491.1 504.5 529.8 541.4 6

 7 Open market paper 15.8 11.6 11.4 14.6 14.9 15.5 17.5 15.0 15.8 16.3 16.5 16.7 17.2 7

 8 Treasury securities 68.1 78.2 80.2 75.6 79.3 59.1 63.2 54.8 55.4 57.3 58.9 61.7 62.7 8

 9 Agency- and GSE-backed securities 151.7 182.4 187.1 176.4 185.0 168.3 200.2 173.6 175.4 181.5 186.6 196.6 201.1 9

10 Corporate and foreign bonds 158.7 161.4 178.8 181.9 208.4 224.8 271.3 221.5 223.7 231.5 238.0 250.4 256.3 10

11 Mortgages 8.5 4.7 4.9 5.0 5.6 5.3 5.3 4.6 4.6 4.6 4.5 4.4 4.2 11

12 Corporate equities 555.6 559.9 699.6 785.8 876.0 986.6 1069.9 958.7 723.8 456.6 643.0 719.9 685.1 12

13 Mutual fund shares 22.3 39.0 54.8 63.8 81.4 101.0 122.8 150.3 148.5 130.8 185.0 206.0 193.6 13

14 Miscellaneous assets 143.5 158.2 158.3 176.4 182.6 194.9 198.7 196.9 192.3 179.9 194.8 200.1 190.0 14

15 Unallocated insurance contracts (1) 69.7 79.2 80.3 88.9 90.7 93.3 89.6 83.4 79.0 66.4 83.1 90.7 86.1 15

16 Contributions receivable 38.0 44.2 43.9 43.6 47.1 55.1 57.8 69.6 69.5 69.6 68.5 67.1 63.7 16

17 Other 35.8 34.8 34.2 43.9 44.8 46.6 51.4 43.9 43.9 43.9 43.2 42.3 40.2 17

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

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

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

 1 Total financial assets 1087.9 1157.9 1428.3 1627.7 1942.5 2219.4 2499.6 2441.0 2230.8 1900.1 2347.4 2662.3 2844.3 1

 2 Checkable deposits and currency 2.2 2.3 2.7 3.1 4.0 2.5 3.5 4.8 5.0 5.2 5.2 5.3 5.4 2

 3 Time and savings deposits 41.3 35.0 34.7 29.3 23.4 36.7 17.0 17.3 18.2 18.6 19.3 19.6 20.3 3

 4 Money market fund shares 26.3 31.6 37.5 48.4 61.4 63.4 75.1 76.7 80.5 82.8 84.4 85.1 87.0 4

 5 Security RPs 12.6 10.6 10.7 12.1 12.7 13.2 14.9 15.0 15.8 16.2 16.5 16.7 17.1 5

 6 Credit market instruments 149.0 153.1 145.5 147.9 154.0 148.1 162.7 154.5 162.5 171.9 172.8 182.3 193.5 6

 7 Open market paper 14.3 12.3 13.0 15.4 16.3 18.8 23.8 21.2 21.4 23.6 21.2 22.1 23.7 7

 8 Treasury securities 36.3 43.0 40.5 40.2 39.0 26.0 24.2 25.4 25.1 27.8 27.6 29.7 31.5 8

 9 Agency- and GSE-backed securities 18.9 29.1 27.1 27.3 26.4 26.5 32.8 33.7 39.3 39.0 40.7 43.9 46.9 9

10 Corporate and foreign bonds 75.0 65.7 61.4 61.0 68.1 72.7 76.2 68.5 70.9 75.8 77.5 80.9 85.7 10

11 Mortgages 4.5 3.1 3.6 4.0 4.1 4.1 5.7 5.7 5.8 5.8 5.8 5.6 5.7 11

12 Corporate equities 458.7 453.8 578.3 659.4 790.6 961.2 1011.4 956.3 838.3 640.1 848.9 971.3 1041.0 12

13 Mutual fund shares 119.9 166.9 272.0 348.5 488.2 567.1 774.8 796.0 713.5 621.3 808.7 967.7 1058.5 13

14 Miscellaneous assets 278.0 304.7 346.8 379.1 408.3 427.2 440.2 420.4 397.1 344.0 391.5 414.3 421.5 14

15 Unallocated insurance contracts (2) 198.2 218.7 252.0 272.2 291.3 291.3 306.8 285.2 260.7 204.3 250.6 278.6 291.7 15

16 Contributions receivable 28.6 34.1 38.5 42.8 46.4 59.8 49.5 51.7 52.4 52.4 52.2 51.1 51.2 16

17 Other 51.3 51.9 56.4 64.1 70.6 76.1 83.9 83.4 84.0 87.2 88.7 84.5 78.7 17

(1) Includes 401(k) type plans.

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

L.225.i Individual Retirement Accounts (IRAs) (1)

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

 1 Total held at: 993.0 1056.0 1288.0 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 3080.0 3475.0 NA 1

 2 Commercial banking 145.8 144.7 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.0 168.0 NA 2

 3 Saving institutions 85.1 78.9 76.9 73.0 67.0 61.8 58.7 56.4 54.6 53.8 55.1 53.7 NA 3

 4 Credit unions 31.8 31.8 33.0 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 NA 4

 5 Life insurance companies 69.5 78.7 94.3 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 379.0 NA 5

 6 Money market mutual funds 47.6 61.3 74.2 88.0 90.0 115.0 135.0 139.0 157.0 168.0 154.0 143.0 NA 6

 7 Mutual funds 263.1 274.9 381.3 482.0 654.0 818.0 1078.0 1045.0 958.0 821.0 1092.0 1279.0 NA 7

 8 Other self-directed accounts 350.2 385.8 477.2 527.9 570.0 778.3 949.5 949.4 998.4 973.0 1227.6 1404.7 NA 8

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension fund reserves (table L.225), except for those at life insurance companies. Figures for depositories

 (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7).
Z.1, March 9, 2006 Flow of Funds Matrix for 2005

(Billions of dollars; All Sectors -- Flows)

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of Financial 

Organizations Business Governments Government Sectors the World Sectors 

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

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

 1 Gross saving and net cap. transfers -- 1194.4 -- 1246.4 -- 205.4 -- -274.7 -- 2371.5 -- 781.9 -- 244 2 Capital consumption -- 1024.6 -- 956.1 -- 148.7 -- 98.3 -- 2227.7 -- -- -- 83 3 Net saving (1 less 2) -- 169.8 -- 290.4 -- 56.7 -- -373.1 -- 143.8 -- 781.9 -- 161 4 Gross investment (5 plus 11) 1050.3 -- 1304.3 -- 233.5 -- -278.2 -- 2310.0 -- 825.1 -- 196.1 - 5 Capital expenditures 1711.9 -- 1192.5 -- 304.8 -- 107.7 -- 3317.0 -- 1.0 -- 141.8 - 6 Consumer durables 956.2 -- -- -- -- -- -- -- 956.2 -- -- -- -- - 7 Residential 646.9 -- 107.4 -- -- -- -- -- 754.4 -- -- -- 1.5 - 8 Nonresidential 108.9 -- 1081.5 -- 292.4 -- 108.2 -- 1590.9 -- -- -- 140.3 - 9 Inventory change -- -- 16.6 -- -- -- -- -- 16.6 -- -- -- -- -10 Nonproduced nonfinancial assets -- -- -13.0 -- 12.5 -- -0.5 -- -1.0 -- 1.0 -- -- -11 Net financial investment -661.6 -- 111.8 -- -71.3 -- -385.9 -- -1007.0 -- 824.1 -- 54.3 -12 Financial uses 519.2 -- 657.1 -- 140.3 -- -16.9 -- 1299.7 -- 1191.3 -- 3066.6 -13 Financial sources -- 1180.9 -- 545.2 -- 211.6 -- 369.0 -- 2306.7 -- 367.2 -- 301214 Gold and off. fgn. exchange -- -- -- -- -- -- -10.8 -- -10.8 -- 6.5 -4.0 0.3 -15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -16 Treasury currency -- -- -- -- -- -- -- 0.8 -- 0.8 -- -- 0.2 -17 Foreign deposits 5.9 -- 34.0 -- -- -- -- -- 39.9 -- -- 98.4 16.2 -18 Interbank claims -- -- -- -- -- -- -- -- -- -- -19.8 -- 3.5 -619 Checkable dep. and currency -23.7 -- -0.2 -- 4.6 -- 12.6 -- -6.7 -- 44.1 -- -28.2 220 Time and savings deposits 402.5 -- 89.6 -- 29.1 -- -1.0 -- 520.3 -- 37.8 -- 27.6 58521 Money market fund shares 47.7 -- 18.7 -- 2.5 -- -- -- 68.9 -- -- -- 58.1 12722 Fed. funds and security RPs -- -- 3.1 -- 5.0 -- -- -- 8.1 -- 53.7 -- 164.7 36023 Credit market instruments 126.1 1204.7 35.0 605.8 99.2 177.3 -0.8 306.9 259.6 2294.6 896.0 95.0 2184.7 95024 Open market paper 28.1 -- 8.2 -7.9 6.5 -- -- -- 42.8 -7.9 14.2 69.9 176.7 17125 Treasury securities -94.0 -- 10.3 -- 68.6 -- -- 307.3 -15.2 307.3 297.9 -- 24.6 -26 Agency- and GSE-backed sec. 201.8 -- 0.4 -- 14.1 -- 0.0 -0.4 216.4 -0.4 172.2 -- -337.9 5127 Municipal securities 83.5 17.0 10.1 6.9 0.2 176.8 -- -- 93.7 200.8 -- -- 107.1 -28 Corporate and fgn. bonds -106.7 -- -- 60.7 4.5 -- -- -- -102.2 60.7 351.1 16.9 487.8 65929 Bank loans n.e.c. -- 27.5 -- 112.4 -- -- -- -- -- 139.9 -- 12.9 157.9 530 Other loans and advances -- -0.9 -- 81.9 -- 0.5 -6.9 -- -6.9 81.4 60.6 -4.7 67.3 4431 Mortgages 13.4 1098.6 7.5 351.8 5.4 -- 2.4 0.0 28.7 1450.4 -- -- 1441.1 1932 Consumer credit -- 62.5 -1.3 -- -- -- 3.7 -- 2.4 62.5 -- -- 60.1 -33 Corporate equities -501.1 -- -- -366.0 -0.8 -- -- -- -501.9 -366.0 86.0 137.5 254.8 6734 Mutual fund shares 225.3 -- 5.0 -- -0.2 -- -- -- 230.1 -- -- -- 27.4 25735 Trade credit -- 7.6 232.2 154.0 5.1 34.3 3.1 18.3 240.4 214.1 11.2 3.2 22.0 736 Security credit -10.9 -31.7 -- -- -- -- -- -- -10.9 -31.7 0.0 0.0 3.2 2437 Life insurance reserves 52.2 -- -- -- -- -- -- 1.1 52.2 1.1 -- -- -- 5138 Pension fund reserves 204.4 -- -- -- -- -- -- -- 204.4 -- -- -- -- 20439 Taxes payable -- -- -- 11.9 43.8 -- -18.8 -- 25.0 11.9 -- -- -- 1440 Equity in noncorp. business -41.8 -- -- -38.8 -- -- -- -- -41.8 -38.8 -- -- -- -341 Miscellaneous 32.6 0.3 239.7 178.4 -48.1 -- -1.3 41.9 223.0 220.6 75.8 37.1 332.1 37042 Sector discrepancies (1 less 4) 144.1 -- -57.9 -- -28.2 -- 3.4 -- 61.5 -- -43.2 -- 48.4 -General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Z.1, March 9, 2006 Flow of Funds Matrix for 2005

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

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of F

Organizations Business Governments Government Sectors the World 

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

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 

 1 Total financial assets 38464.9 -- 13427.2 -- 2153.1 -- 602.8 -- 54648.0 -- 11154.3 -- 50158.9  2 Total liabilities and equity -- 11916.0 -- 31937.6 -- 2641.1 -- 5860.1 -- 52354.9 -- 8310.4 --  3 Total liabilities -- 11916.0 -- 14346.6 -- 2641.1 -- 5860.1 -- 34763.9 -- 5344.4 --  4 Monetary gold and SDRs -- -- -- -- -- -- 8.2 -- 8.2 -- -- -- 11.0  5 IMF Position -- -- -- -- -- -- 8.1 -- 8.1 -- -- 8.0 -0.1  6 Official foreign exchange -- -- -- -- -- -- 18.9 -- 18.9 -- -- 37.8 18.9  7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2.2  8 Treasury currency -- -- -- -- -- -- -- 27.5 -- 27.5 -- -- 36.6  9 Foreign deposits 63.9 -- 78.6 -- -- -- -- -- 142.4 -- -- 1063.1 94.7 10 Interbank claims -- -- -- -- -- -- -- -- -- -- 74.0 -- 70.1 11 Checkable dep. and currency 218.7 -- 463.1 -- 44.9 -- 37.3 -- 764.0 -- 441.3 -- 297.4 12 Time and savings deposits 4653.9 -- 880.3 -- 182.7 -- 1.4 -- 5718.3 -- 251.8 -- 404.3 13 Money market fund shares 951.2 -- 358.5 -- 68.4 -- -- -- 1378.1 -- -- -- 628.8 14 Fed. funds and security RPs -- -- 9.6 -- 134.6 -- -- -- 144.1 -- 700.9 -- 761.8 15 Credit market instruments 2733.4 11496.6 418.9 8337.5 1285.0 1855.3 288.7 4701.9 4725.9 26391.3 5575.7 1342.6 29928.3 16 Open market paper 164.2 -- 104.1 93.8 176.2 -- -- -- 444.5 93.8 149.5 298.6 1046.5 17 Treasury securities 401.2 -- 94.1 -- 455.0 -- -- 4678.0 950.3 4678.0 2198.1 -- 1529.6 18 Agency- and GSE-backed sec. 656.5 -- 12.1 -- 382.9 -- 0.0 23.8 1051.5 23.8 933.8 -- 4291.0 19 Municipal securities 845.2 210.7 53.7 176.3 4.8 1845.0 -- -- 903.7 2232.0 -- -- 1328.3 20 Corporate and fgn. bonds 492.2 -- -- 3007.0 121.3 -- -- -- 613.5 3007.0 2102.5 933.6 5333.8 21 Bank loans n.e.c. -- 106.4 -- 1189.3 -- -- -- -- -- 1295.7 -- 76.2 1490.3 22 Other loans and advances -- 118.8 -- 948.6 -- 10.3 108.8 -- 108.8 1077.7 191.8 34.2 1431.4 23 Mortgages 174.0 8872.0 91.6 2922.5 144.8 -- 77.8 0.0 488.2 11794.5 -- -- 11454.0 24 Consumer credit -- 2188.7 63.3 -- -- -- 102.1 -- 165.4 2188.7 -- -- 2023.3 25 Corporate equities 6088.9 -- -- 10919.5 92.3 -- -- -- 6181.2 10919.5 2303.7 2966.0 9714.5 26 Mutual fund shares 4207.5 -- 165.5 -- 28.2 -- -- -- 4401.2 -- -- -- 1643.9 27 Trade credit -- 164.3 2448.8 1971.7 137.9 785.8 65.0 181.9 2651.7 3103.7 59.5 54.0 185.0 28 Security credit 567.4 232.3 -- -- -- -- -- -- 567.4 232.3 0.0 0.0 462.8 29 Life insurance reserves 1120.8 -- -- -- -- -- -- 42.7 1120.8 42.7 -- -- -- 30 Pension fund reserves 10646.7 -- -- -- -- -- -- -- 10646.7 -- -- -- -- 31 Taxes payable -- -- -- 177.6 126.4 -- 74.0 -- 200.3 177.6 -- -- -- 32 Equity in noncorp. business 6677.1 -- -- 6671.5 -- -- -- -- 6677.1 6671.5 -- -- -- 33 Miscellaneous 535.4 22.8 8604.0 3859.8 52.7 -- 101.2 904.0 9293.4 4786.5 1747.4 2838.9 5898.8 General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2  the sum of corporate equities (line 25) and equity in noncorporate business (line 32). The matrix shows a discrepancy in column 17 for monetary gold and SDRs (line 4) because by international accounting convention, such instruments are financial assets without corresponding liabilities.
116 Z.1, March 9, 2006

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

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

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

 

 1 Assets 29502.9 32730.8 35622.9 39677.9 43514.3 48895.8 48943.8 48610.4 47679.1 53731.6 58984.8 64023.1 1

 2 Tangible assets 10643.6 11247.9 11728.8 12391.4 13404.6 14488.0 15793.1 17028.5 18424.0 20039.6 22556.3 25558.2 2

 3 Financial assets 18859.3 21483.0 23894.0 27286.5 30109.8 34407.8 33150.7 31581.9 29255.1 33692.0 36428.5 38464.9 3

 4 Deposits 3145.7 3336.5 3484.0 3653.9 3857.3 4030.5 4312.3 4760.2 5025.9 5202.1 5455.2 5887.6 4

 5 Credit market instruments 2245.1 2285.0 2456.2 2387.8 2477.0 2546.8 2399.1 2174.1 2220.5 2557.2 2680.8 2733.4 5

 6 Equity shares at market value 5680.2 7605.7 9194.4 11829.0 13725.1 17266.3 15329.1 13085.3 9981.8 12998.6 14324.7 14771.4 6

 7 Directly held 3249.0 4347.5 5112.5 6635.0 7481.1 9596.0 8090.7 6720.9 4997.2 6215.5 6406.2 6088.9 7

 8 Indirectly held 2431.2 3258.2 4081.9 5194.0 6244.0 7670.3 7238.4 6364.5 4984.6 6783.1 7918.5 8682.6 8

 9 Life insurance companies 199.6 274.7 373.3 510.5 665.4 904.4 882.8 806.5 692.5 887.3 1028.9 1157.2 9

10 Private pension funds 1135.9 1490.4 1727.2 2087.3 2456.1 2796.3 2657.4 2178.3 1585.5 2167.4 2495.1 2586.0 10

11 Defined benefit plans 578.6 729.9 825.9 931.0 1056.7 1161.2 1068.0 825.7 535.3 764.3 859.9 818.8 11

12 Defined contribution plans 557.3 760.5 901.4 1156.4 1399.5 1635.1 1589.4 1352.5 1050.2 1403.0 1635.3 1767.2 12

13 State and local govt. retirement funds 543.2 738.3 892.5 1114.4 1268.4 1512.5 1428.5 1386.7 1157.4 1557.9 1763.6 1918.6 13

14 Federal government retirement funds 6.2 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.3 115.6 14

15 Mutual funds 546.3 743.3 1070.1 1451.9 1811.0 2400.1 2213.1 1943.9 1503.3 2090.5 2531.6 2905.1 15

16 Other 7788.3 8255.8 8759.4 9415.7 10050.4 10564.3 11110.2 11562.2 12027.0 12934.1 13967.8 15072.4 16

17 Liabilities 4721.0 5055.3 5407.6 5758.7 6206.8 6776.6 7350.0 7909.5 8605.3 9604.9 10735.2 11916.0 17

18 Net worth 24781.9 27675.6 30215.2 33919.2 37307.5 42119.2 41593.8 40700.9 39073.8 44126.7 48249.6 52107.0 18

 Memo:

19 Equity shares excluding defined benefit plans 4558.3 6137.5 7476.0 9783.7 11400.0 14592.5 12832.6 10872.9 8282.2 10658.6 11681.9 12014.4 19

 (line 6 minus lines 12, 14 and part of line 15)

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 19.3 23.2 25.8 29.8 31.5 35.3 31.3 26.9 20.9 24.2 24.3 23.1 20

21 Financial assets (line 3) 30.1 35.4 38.5 43.4 45.6 50.2 46.2 41.4 34.1 38.6 39.3 38.4 21

(1) Estimates of equity shares (lines 7 through 15 could differ from other sources owing to alternative definitions of ownership of equity by households.

 Prior to 1985, all pension assets are assumed to have been in defined benefit plans.