108 Z.1, December 7, 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 7.5 11.7 11.8 14.3 10.0 13.8 2.4 -0.6 11.0 10.6 23.4 13.5 19.3 21

22 Municipal securities 1.5 3.2 3.0 3.8 2.4 1.1 3.2 0.2 6.1 7.1 11.8 10.4 5.8 22

23 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 1.2 -6.8 -0.3 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 10.5 9.8 14.1 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) 7.4 5.8 10.9 13.8 13.8 14.3 16.5 29.1 17.3 18.7 21.4 17.0 45.4 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, December 7, 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 154.4 166.1 177.9 192.3 202.3 216.1 218.5 217.9 228.9 239.5 262.9 276.4 295.7 20

21 Municipal securities 79.6 82.7 85.7 89.5 91.9 93.0 96.1 96.4 102.4 109.6 121.3 131.7 137.5 21

22 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 35.3 31.4 31.1 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 95.1 105.6 112.5 126.6 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) 58.2 63.9 74.8 88.6 102.5 116.8 133.3 162.4 179.7 198.4 219.7 236.8 282.1 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, December 7, 2006

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2002 2003 2004 2005 2005 2006

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Current receipts, NIPA basis 2958.7 3035.6 3244.5 3586.3 3530.8 3583.4 3518.4 3712.5 3895.1 3961.6 4001.6 1

 2 Personal current taxes 1051.8 1001.1 1049.8 1203.1 1157.9 1191.8 1215.0 1247.6 1332.6 1361.0 1365.6 2

 3 Taxes on production and imports 762.8 807.2 864.0 922.4 901.6 920.2 930.2 937.3 952.5 966.4 973.3 3

 4 Taxes on corporate income 182.6 233.1 287.6 384.4 386.3 378.6 364.2 408.4 440.7 458.2 473.1 4

 5 Taxes from the rest of the world 7.3 8.9 9.7 10.8 11.3 9.3 11.4 11.4 10.4 10.9 11.7 5

 6 Contributions for govt. social insurance 750.0 778.6 826.4 880.6 863.6 871.5 888.5 898.9 936.7 938.8 948.0 6

 7 Income receipts on assets 98.4 95.8 95.4 98.3 97.3 98.8 98.4 98.5 100.0 101.6 103.1 7

 8 Current transfer receipts 104.9 109.2 116.6 102.1 121.9 124.5 38.4 123.6 131.4 134.1 136.9 8

 9 Current surplus of government enterprises 0.9 1.7 -5.0 -15.4 -9.1 -11.3 -27.7 -13.3 -9.2 -9.4 -10.0 9

10 Current expenditures, NIPA basis 3240.8 3428.1 3639.4 3898.8 3807.4 3860.6 3933.8 3993.3 4029.3 4098.6 4173.3 10

11 Consumption expenditures 1616.9 1736.5 1854.8 1975.7 1932.6 1953.6 2002.1 2014.5 2059.7 2083.0 2106.8 11

12 Government social benefits 1251.6 1319.5 1401.4 1484.0 1459.3 1480.2 1492.3 1504.0 1539.2 1558.0 1586.6 12

13 Other current transfer payments 18.8 23.6 25.9 33.9 39.4 25.6 31.6 38.9 22.0 23.2 25.5 13

14 Interest payments 315.1 300.6 312.7 348.0 323.8 345.6 349.6 372.9 353.3 382.0 402.5 14

15 Subsidies 38.4 47.9 44.7 57.3 52.3 55.6 58.1 63.1 55.1 52.3 52.0 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 -282.1 -392.5 -394.9 -312.5 -276.6 -277.1 -415.4 -280.8 -134.3 -136.9 -171.7 17

18 + Consumption of fixed capital 211.6 218.2 230.8 252.2 242.1 246.2 265.7 255.0 259.1 262.9 266.4 18

19 - Insurance and pension fund reserves (2) -1.7 -0.6 0.0 0.7 4.5 -0.0 -3.7 1.9 4.0 -1.7 -2.7 19

20 + Net capital transfers (3) 29.0 11.2 13.5 11.9 4.6 13.8 14.0 15.3 12.4 14.4 6.6 20

21 = Gross saving and net capital transfers -39.8 -162.5 -150.7 -49.0 -34.4 -17.2 -132.0 -12.5 133.3 142.1 104.0 21

22 Gross investment -2.6 -170.8 -100.6 -2.3 -184.8 224.7 -43.3 -5.7 -195.4 505.8 131.8 22

23 Fixed investment 344.3 356.0 371.4 397.1 383.6 395.3 400.3 409.1 419.9 430.9 434.1 23

24 Nonproduced nonfinancial assets 10.9 10.7 11.1 10.9 11.6 10.9 9.3 11.8 12.2 9.8 13.1 24

25 Net financial investment -357.8 -537.4 -483.0 -410.2 -579.9 -181.4 -452.9 -426.7 -627.5 65.1 -315.3 25

26 Net acquisition of financial assets 74.7 103.2 68.5 88.2 169.2 -1.3 48.2 136.9 34.9 141.9 100.8 26

27 Gold, SDRs, and official foreign exchange 3.4 -1.8 -3.1 -14.4 -21.6 2.9 -19.4 -19.5 -2.3 1.9 2.1 27

28 Checkable deposits and currency -12.0 12.7 -35.7 20.6 80.4 -22.3 -33.8 58.2 -68.2 80.7 14.0 28

29 Time and savings deposits 25.9 -17.2 6.9 28.5 60.1 -3.9 30.4 27.5 11.9 10.5 47.5 29

30 Money market fund shares 1.6 4.0 3.4 2.6 2.6 0.9 3.9 3.0 2.3 3.0 5.8 30

31 Security RPs -16.3 7.9 6.7 5.1 5.1 1.8 7.7 5.9 4.5 5.9 11.3 31

32 Credit market instruments 69.0 45.8 44.4 28.5 32.3 4.4 40.7 36.6 16.4 45.2 55.5 32

33 Open market paper 14.3 10.3 8.8 6.7 6.7 2.3 10.1 7.7 5.9 7.8 14.9 33

34 Agency- and GSE-backed securities (4) 41.7 22.5 19.1 14.6 14.6 5.1 22.0 16.8 0.9 16.9 32.3 34

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

36 Corporate and foreign bonds 9.1 7.1 6.0 4.6 4.6 1.6 7.0 5.3 0.1 5.3 10.2 36

37 Mortgages -4.8 6.0 8.8 7.9 6.6 2.5 12.1 10.4 6.6 13.3 9.5 37

38 Consumer credit 12.7 1.3 4.3 3.8 10.0 2.6 0.3 2.1 10.7 3.3 -10.2 38

39 Other loans and advances (5) -4.2 -1.7 -2.8 -9.3 -10.5 -9.7 -11.0 -5.9 -8.0 -1.6 -1.6 39

40 Corporate equities 10.3 -17.0 -4.8 -0.7 13.5 -6.2 -7.3 -2.8 -15.8 12.7 -6.9 40

41 Mutual fund shares 2.1 -5.2 -1.5 -0.2 4.1 -1.9 -2.2 -0.9 -4.8 3.9 -2.1 41

42 Trade receivables -0.7 27.2 17.4 14.4 -1.1 18.1 26.7 13.9 -10.9 12.4 18.4 42

43 Taxes receivable 19.9 41.7 42.2 55.9 124.0 31.0 5.5 63.3 120.4 12.8 18.5 43

44 Miscellaneous assets -28.5 5.1 -7.4 -52.2 -130.2 -26.2 -4.1 -48.3 -18.5 -47.2 -63.3 44

45 Net increase in liabilities 432.5 640.6 551.5 498.5 749.2 180.1 501.1 563.6 662.4 76.8 416.1 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 1.0 0.6 0.7 0.8 0.8 1.1 0.9 0.3 0.6 0.8 1.0 47

48 Credit market instruments 374.8 506.5 453.8 408.9 655.0 70.1 403.0 507.5 597.2 -18.1 320.1 48

49 Savings bonds 4.5 8.9 0.6 0.7 -0.2 0.3 -1.1 3.8 3.8 -2.7 -4.8 49

50 Other Treasury securities (6) 226.3 380.0 338.8 237.8 489.7 -55.0 188.2 328.2 529.8 -138.6 150.2 50

51 Budget agency securities 0.5 -2.4 -0.6 -0.4 -0.7 -1.4 -0.4 0.8 -1.0 0.2 -1.0 51

52 Municipal securities 143.4 120.0 115.1 170.8 166.2 126.1 216.2 174.7 64.5 123.0 175.7 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 29.2 101.8 45.6 45.8 47.3 48.4 49.0 38.5 43.1 56.5 46.3 54

55 Insurance reserves 1.6 1.1 1.1 1.1 0.0 1.7 0.3 2.6 0.3 2.2 0.5 55

56 Miscellaneous liabilities (7) 26.0 30.7 50.3 41.9 46.1 58.9 48.0 14.7 21.2 35.4 48.2 56

57 Discrepancy -37.2 8.3 -50.1 -46.7 150.4 -241.9 -88.7 -6.7 328.8 -363.7 -27.8 57

 Memo:

58 Net govt. saving less fixed investment (8) -626.4 -748.4 -766.3 -709.5 -660.2 -672.4 -815.6 -689.9 -554.1 -567.8 -605.7 58

59 Adjustment between NIPA and FOF (9) 278.2 221.2 282.7 298.4 78.7 490.2 362.3 262.6 -75.1 631.9 290.1 59

60 Items to be financed (10) -348.1 -527.2 -483.6 -411.1 -581.5 -182.3 -453.4 -427.4 -629.3 64.1 -315.7 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, December 7, 2006 111

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

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

2002 2003 2004 2005 2005 2006

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2047.1 2187.3 2232.6 2302.1 2252.6 2261.5 2307.6 2302.1 2295.3 2357.3 2414.0 1

 2 Gold, SDRs, and official foreign exchange 51.1 55.1 54.5 35.3 47.5 46.1 40.9 35.3 35.1 36.8 35.3 2

 3 Checkable deposits and currency 89.0 99.1 62.2 85.6 70.3 83.5 75.3 85.6 55.8 91.6 96.1 3

 4 Time and savings deposits 166.3 149.1 156.0 184.5 171.0 169.9 176.5 184.5 187.5 189.9 200.9 4

 5 Money market fund shares 58.7 62.7 66.1 68.7 66.8 67.0 68.0 68.7 69.3 70.0 71.5 5

 6 Security RPs 115.6 123.5 130.2 135.3 131.4 131.9 133.8 135.3 136.4 137.9 140.7 6

 7 Credit market instruments 991.5 1037.3 1081.7 1110.2 1089.6 1088.0 1103.4 1110.2 1114.0 1122.6 1141.9 7

 8 Open market paper 151.3 161.6 170.4 177.1 172.1 172.7 175.2 177.1 178.6 180.6 184.3 8

 9 Agency- and GSE-backed securities (1) 328.8 351.2 370.3 384.9 374.0 375.2 380.7 384.9 385.1 389.4 397.4 9

10 Municipal securities 4.1 4.4 4.6 4.8 4.7 4.7 4.7 4.8 4.8 4.9 5.0 10

11 Corporate and foreign bonds 104.2 111.3 117.3 122.0 118.5 118.9 120.6 122.0 122.0 123.3 125.9 11

12 Mortgages 200.7 206.7 215.5 223.4 217.2 217.8 220.8 223.4 225.1 228.4 230.8 12

13 Consumer credit 92.8 94.1 98.4 102.1 100.6 98.6 103.9 102.1 104.5 102.6 105.4 13

14 Other loans and advances (2) 109.7 108.0 105.2 95.9 102.6 100.1 97.4 95.9 93.9 93.5 93.1 14

15 Corporate equities 79.3 84.7 89.3 92.8 90.2 90.5 91.8 92.8 93.6 94.6 96.5 15

16 Mutual fund shares 24.3 25.9 27.3 28.4 27.6 27.7 28.1 28.4 28.6 28.9 29.5 16

17 Trade receivables 150.6 177.8 195.2 209.5 197.2 202.4 206.5 209.5 209.2 213.0 214.8 17

18 Taxes receivable 115.1 171.1 171.9 200.3 193.0 190.6 214.9 200.3 218.5 237.5 264.4 18

19 Miscellaneous assets 205.7 201.0 198.2 151.5 168.0 163.9 168.3 151.5 147.4 134.4 122.4 19

20 Total liabilities 6054.6 6697.5 7247.8 7728.0 7447.4 7435.8 7559.1 7728.0 7909.7 7886.4 7983.5 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 25.5 26.0 26.7 27.5 26.9 27.2 27.4 27.5 27.6 27.8 28.1 22

23 Credit market instruments 4720.3 5226.8 5680.6 6089.4 5874.7 5850.8 5944.6 6089.4 6272.1 6228.3 6298.1 23

24 Savings bonds 194.9 203.8 204.4 205.1 204.2 204.2 203.6 205.1 205.9 205.2 203.6 24

25 Other Treasury securities (3) 3060.2 3440.2 3778.9 4016.7 3923.4 3857.5 3914.0 4016.7 4172.0 4088.2 4131.6 25

26 Budget agency securities 27.3 24.9 24.3 23.8 24.1 23.7 23.6 23.8 23.6 23.6 23.4 26

27 Municipal securities 1437.9 1557.9 1673.0 1843.8 1723.0 1765.4 1803.4 1843.8 1870.5 1911.3 1939.5 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 469.1 570.8 616.4 662.2 630.5 643.7 656.3 662.2 675.1 690.4 702.4 29

30 Insurance reserves 39.4 40.5 41.6 42.7 41.6 42.0 42.1 42.7 42.8 43.3 43.5 30

31 Miscellaneous liabilities (4) 798.2 831.3 880.3 904.0 871.6 869.9 886.5 904.0 889.9 894.3 909.3 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, December 7, 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 -21.9 -35.9 -43.2 -46.5 -66.6 -75.3 -63.2 -48.8 -20.4 -54.1 -88.3 1

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

 3 Time and savings deposits 6.4 13.1 8.3 14.3 16.8 16.4 -19.7 -23.7 -35.1 -5.5 2.3 -4.8 5.6 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 -0.4 3.0 0.1 0.0 -0.3 -9.0 -1.5 -0.6 1.1 0.4 0.7 5

 6 Credit market instruments 22.9 35.6 21.8 -11.2 37.3 -23.7 89.0 -123.7 -19.6 -36.5 73.3 -10.5 1.8 6

 7 Open market paper -0.0 -4.2 -0.4 3.0 0.1 0.1 0.4 -7.4 -0.3 -1.4 -0.9 -0.3 0.6 7

 8 Treasury securities -5.6 10.1 1.6 -5.1 3.2 -20.6 18.6 -11.7 -0.4 -12.7 14.3 -6.9 1.4 8

 9 Agency- and GSE-backed securities 15.9 30.7 3.2 -12.3 7.1 -18.2 30.4 -37.3 1.8 -17.9 35.6 7.7 -3.9 9

10 Corporate and foreign bonds 14.0 2.7 17.4 3.1 26.5 15.4 39.6 -66.1 -21.3 -4.7 24.3 -10.8 3.9 10

11 Mortgages -1.4 -3.7 0.1 0.0 0.5 -0.4 0.0 -1.3 0.6 0.2 -0.1 -0.1 -0.2 11

12 Corporate equities 6.8 -3.8 -60.8 -63.1 -105.3 -52.5 -128.9 85.1 39.6 -5.9 -67.0 -23.7 -66.6 12

13 Mutual fund shares 4.4 3.7 14.1 7.6 7.3 7.8 5.9 41.7 -17.6 -5.8 -16.8 7.3 -14.6 13

14 Miscellaneous assets 7.3 0.1 -5.2 13.4 0.3 4.9 -12.8 -47.0 -29.6 5.7 -13.4 -23.0 -15.4 14

15 Unallocated insurance contracts (1) -0.6 -5.1 -5.6 2.7 -5.3 -3.4 -14.2 -5.2 -1.0 12.8 -10.7 -26.6 -12.0 15

16 Contributions receivable 7.4 6.2 1.6 1.6 5.4 8.0 -7.5 -17.4 -25.8 -4.5 -0.0 -2.0 -1.9 16

17 Other 0.6 -1.0 -1.3 9.0 0.2 0.3 8.9 -24.4 -2.8 -2.6 -2.6 5.5 -1.5 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 54.9 39.6 27.4 88.1 51.8 51.9 31.1 34.4 13.8 39.7 40.3 1

 2 Checkable deposits and currency 0.2 0.1 0.6 0.6 1.0 -1.4 1.1 2.1 -1.4 0.5 0.1 0.1 0.2 2

 3 Time and savings deposits -9.9 -6.3 -0.2 -5.4 -5.8 13.3 -19.6 0.8 -1.3 1.6 0.7 0.2 0.6 3

 4 Money market fund shares 6.5 5.3 6.3 11.2 13.4 2.3 12.1 4.2 -6.1 9.4 -0.2 0.6 1.9 4

 5 Security RPs 0.9 -2.0 0.7 1.9 1.1 1.1 2.3 3.9 -7.4 2.0 0.3 1.1 1.0 5

 6 Credit market instruments 13.3 4.1 -4.9 5.1 7.1 16.6 18.2 -1.3 -16.4 27.9 -4.1 10.1 10.6 6

 7 Open market paper 0.7 -2.0 1.3 3.0 1.5 3.0 5.6 1.3 -8.0 3.6 -2.3 0.6 1.5 7

 8 Treasury securities 1.2 6.7 -1.9 0.3 -1.2 7.4 -1.9 1.8 -7.2 9.3 -1.1 2.9 1.6 8

 9 Agency- and GSE-backed securities -1.8 10.2 -1.6 1.0 -0.9 1.0 9.1 4.4 3.4 -1.5 2.7 3.6 2.5 9

10 Corporate and foreign bonds 13.2 -9.3 -3.4 0.2 7.6 5.0 3.5 -10.2 -1.8 16.1 -3.4 3.2 5.0 10

11 Mortgages -0.2 -1.4 0.7 0.7 0.3 0.2 1.8 1.5 -2.8 0.4 -0.0 -0.1 0.0 11

12 Corporate equities 13.4 4.1 -30.2 -28.4 -45.4 21.0 -51.5 -22.3 64.3 -63.6 -34.0 12.7 13.5 12

13 Mutual fund shares 22.4 20.1 57.8 38.0 48.0 45.8 93.5 75.6 26.1 40.6 56.7 28.8 14.5 13

14 Miscellaneous assets 4.6 15.0 24.7 16.7 7.9 -10.7 -4.2 -11.1 -26.7 16.0 -5.7 -13.9 -2.0 14

15 Unallocated insurance contracts (2) 12.9 8.9 13.4 2.1 -4.6 -20.1 -4.3 -30.4 12.9 1.2 -7.3 -10.8 2.8 15

16 Contributions receivable 4.9 5.5 3.8 3.8 3.0 4.8 -10.8 -1.7 1.2 6.0 -0.1 -1.1 0.0 16

17 Other -13.2 0.6 7.6 10.8 9.6 4.5 10.9 21.0 -40.7 8.8 1.8 -2.0 -4.9 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 85.6 122.2 132.8 151.8 191.5 219.7 239.8 182.9 194.8 212.4 242.3 282.1 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 7.3 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 0.1 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 1.6 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 15.0 5

 6 Money market mutual funds 5.0 13.7 12.9 12.8 3.0 25.0 24.0 7.0 26.0 18.0 -19.0 -18.0 9.0 6

 7 Mutual funds 59.8 10.6 64.2 49.9 95.4 89.5 93.2 47.7 33.0 18.3 108.7 70.2 70.1 7

 8 Other self-directed accounts 21.6 55.5 28.1 62.0 10.6 57.8 67.2 158.5 92.8 68.2 112.3 159.1 179.0 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) and from the money market fund sector (line 6).
Z.1, December 7, 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 1466.1 1590.2 1763.5 1907.7 2074.6 1979.0 1810.2 1584.3 1979.5 2128.2 2149.3 1

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

 3 Time and savings deposits 54.1 67.1 75.4 89.7 106.4 122.9 103.2 79.5 44.3 38.8 41.1 36.3 42.0 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 11.2 14.2 14.2 14.3 14.0 4.9 3.5 2.8 3.9 4.4 5.1 5

 6 Credit market instruments 402.7 438.3 460.1 448.9 486.3 462.6 551.6 427.9 408.3 371.8 445.1 434.7 436.5 6

 7 Open market paper 15.8 11.6 11.2 14.2 14.2 14.4 14.8 7.4 7.1 5.7 4.8 4.5 5.1 7

 8 Treasury securities 68.1 78.2 79.7 74.7 77.9 57.2 75.9 64.2 63.9 51.2 65.5 58.6 60.0 8

 9 Agency- and GSE-backed securities 151.7 182.4 185.6 173.3 180.4 162.2 192.6 155.3 157.1 139.2 174.8 182.5 178.5 9

10 Corporate and foreign bonds 158.7 161.4 178.8 181.9 208.4 223.8 263.3 197.2 175.9 171.3 195.6 184.7 188.6 10

11 Mortgages 8.5 4.7 4.8 4.9 5.4 5.0 5.0 3.7 4.4 4.6 4.5 4.4 4.2 11

12 Corporate equities 555.6 559.9 688.8 764.3 844.0 949.1 1006.3 1076.0 1060.7 887.6 1155.8 1290.2 1312.8 12

13 Mutual fund shares 22.3 39.0 68.5 91.0 122.3 156.6 199.0 236.4 180.8 163.8 197.4 233.6 233.4 13

14 Miscellaneous assets 143.5 158.2 160.1 179.9 187.7 199.1 197.2 149.7 107.4 114.4 131.0 123.9 114.3 14

15 Unallocated insurance contracts (1) 69.7 79.2 80.7 89.9 92.0 95.1 91.9 86.1 72.4 86.4 105.7 95.0 88.8 15

16 Contributions receivable 38.0 44.2 45.8 47.5 52.8 60.9 53.4 36.0 10.2 5.7 5.7 3.7 1.8 16

17 Other 35.8 34.8 33.5 42.5 42.8 43.1 52.0 27.6 24.8 22.2 19.6 25.2 23.7 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 1090.3 1160.2 1432.7 1634.2 1949.3 2236.2 2519.2 2488.6 2238.0 1962.9 2496.2 2796.7 2971.0 1

 2 Checkable deposits and currency 2.2 2.3 2.8 3.4 4.3 2.9 4.0 6.1 4.7 5.1 5.2 5.3 5.5 2

 3 Time and savings deposits 41.3 35.0 34.8 29.4 23.7 37.0 17.4 18.2 17.0 18.6 19.3 19.5 20.0 3

 4 Money market fund shares 26.3 31.6 37.9 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 86.7 4

 5 Security RPs 12.6 10.6 11.3 13.2 14.3 15.4 17.7 21.6 14.2 16.2 16.5 22.1 23.1 5

 6 Credit market instruments 149.1 153.2 148.3 153.4 160.5 177.2 195.3 194.0 177.5 205.4 201.3 211.5 222.1 6

 7 Open market paper 14.4 12.4 13.7 16.6 18.1 21.1 26.6 27.9 19.9 23.6 21.3 21.9 23.4 7

 8 Treasury securities 36.3 43.0 41.0 41.3 40.1 47.5 45.6 47.4 40.2 49.5 48.4 51.3 52.8 8

 9 Agency- and GSE-backed securities 18.9 29.1 27.5 28.5 27.5 28.6 37.7 42.1 45.4 44.0 46.7 50.3 52.8 9

10 Corporate and foreign bonds 75.0 65.7 62.3 62.5 70.1 75.1 78.6 68.4 66.6 82.6 79.3 82.4 87.4 10

11 Mortgages 4.5 3.1 3.8 4.4 4.7 4.9 6.7 8.2 5.4 5.8 5.8 5.6 5.6 11

12 Corporate equities 458.7 453.8 568.0 638.8 759.7 920.1 959.9 894.6 848.0 670.9 926.1 1039.0 1103.9 12

13 Mutual fund shares 119.9 166.9 288.5 381.6 537.8 633.3 857.5 895.3 782.1 668.1 899.7 1058.6 1142.6 13

14 Miscellaneous assets 280.3 307.0 341.1 365.4 386.5 385.4 390.4 377.6 319.5 294.0 343.7 355.8 367.0 14

15 Unallocated insurance contracts (2) 198.2 218.7 241.4 251.1 259.7 249.2 254.1 222.0 203.4 163.2 211.3 233.5 249.6 15

16 Contributions receivable 28.6 34.1 37.9 41.7 44.7 49.6 38.7 37.0 38.2 44.2 44.1 43.0 43.0 16

17 Other 53.6 54.2 61.8 72.6 82.1 86.7 97.6 118.6 77.9 86.6 88.4 79.3 74.5 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 2991.0 3336.0 3667.0 1

 2 Commercial banking 145.8 144.7 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.0 168.0 175.3 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 53.8 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 49.3 4

 5 Life insurance companies 69.5 78.7 94.3 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 376.0 407.0 5

 6 Money market mutual funds 47.6 61.3 74.2 87.0 90.0 115.0 139.0 146.0 172.0 190.0 171.0 153.0 162.0 6

 7 Mutual funds 263.1 273.9 380.3 482.0 656.0 821.0 1081.0 1047.0 961.3 822.0 1095.0 1279.0 1432.0 7

 8 Other self-directed accounts 350.2 386.8 478.1 528.9 568.0 775.3 942.5 940.4 980.1 950.0 1118.6 1258.7 1387.6 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) and from the money market fund

 sector (line 6).
Z.1, December 7, 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 -- 1196.2 -- 1223.1 -- 203.8 -- -252.8 -- 2370.3 -- 775.7 -- 188 2 Capital consumption -- 1036.3 -- 973.1 -- 153.2 -- 99.0 -- 2261.6 -- -- -- 83 3 Net saving (1 less 2) -- 159.9 -- 250.1 -- 50.6 -- -351.9 -- 108.7 -- 775.7 -- 104 4 Gross investment (5 plus 11) 1085.4 -- 1191.3 -- 236.8 -- -239.0 -- 2274.4 -- 781.0 -- 258.8 - 5 Capital expenditures 1715.0 -- 1158.4 -- 298.8 -- 109.1 -- 3281.4 -- -0.1 -- 123.8 - 6 Consumer durables 950.6 -- -- -- -- -- -- -- 950.6 -- -- -- -- - 7 Residential 663.5 -- 107.5 -- -- -- -- -- 771.1 -- -- -- -0.6 - 8 Nonresidential 100.9 -- 1040.4 -- 287.3 -- 109.8 -- 1538.4 -- -- -- 124.4 - 9 Inventory change -- -- 21.3 -- -- -- -- -- 21.3 -- -- -- -- -10 Nonproduced nonfinancial assets -- -- -10.9 -- 11.6 -- -0.6 -- 0.1 -- -0.1 -- -- -11 Net financial investment -629.6 -- 32.9 -- -62.1 -- -348.2 -- -1006.9 -- 781.1 -- 135.0 -12 Financial uses 580.3 -- 700.5 -- 142.5 -- 15.0 -- 1438.3 -- 1045.5 -- 3203.2 -13 Financial sources -- 1209.9 -- 667.6 -- 204.6 -- 363.2 -- 2445.2 -- 264.4 -- 306814 Gold and off. fgn. exchange -- -- -- -- -- -- -14.4 -- -14.4 -- 4.5 -9.6 0.3 -15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -16 Treasury currency -- -- -- -- -- -- -- 0.8 -- 0.8 -- -- 0.1 -17 Foreign deposits 5.2 -- 20.1 -- -- -- -- -- 25.3 -- -- 86.8 16.2 -18 Interbank claims -- -- -- -- -- -- -- -- -- -- -6.6 -- 3.5 619 Checkable dep. and currency -10.5 -- -6.5 -- 8.5 -- 12.2 -- 3.7 -- 45.0 -- -38.8 320 Time and savings deposits 386.2 -- 100.7 -- 29.5 -- -1.0 -- 515.4 -- 41.6 -- 29.1 58621 Money market fund shares 53.8 -- 45.2 -- 2.6 -- -- -- 101.6 -- -- -- 25.4 12722 Fed. funds and security RPs -- -- 8.5 -- 5.1 -- -- -- 13.6 -- 47.4 -- 162.8 35423 Credit market instruments 213.2 1238.6 43.9 597.3 100.5 171.3 -2.7 306.9 354.9 2314.1 847.8 84.7 2232.9 103624 Open market paper 28.1 -- 11.7 -7.9 6.7 -- -- -- 46.6 -7.9 8.6 38.5 211.5 23625 Treasury securities -112.4 -- 11.8 -- 68.8 -- -- 307.3 -31.8 307.3 287.1 -- 52.0 -26 Agency- and GSE-backed sec. 221.3 -- 1.4 -- 14.6 -- 0.0 -0.4 237.3 -0.4 157.1 -- -344.2 5027 Municipal securities 75.0 16.5 -1.9 7.4 0.2 170.8 -- -- 73.3 194.7 4.0 -- 117.4 -28 Corporate and fgn. bonds -11.8 -- -- 59.9 4.6 -- -- -- -7.2 59.9 330.4 38.0 458.2 68329 Bank loans n.e.c. -- 23.7 -- 113.2 -- -- -- -- -- 136.9 -- 12.9 159.0 930 Other loans and advances -- -0.0 -- 76.9 -- 0.5 -8.8 -- -8.8 77.3 60.6 -4.6 65.3 4431 Mortgages 13.0 1107.1 20.7 347.8 5.5 -- 2.4 0.0 41.7 1454.9 -- -- 1426.3 1332 Consumer credit -- 91.3 0.1 -- -- -- 3.8 -- 3.8 91.3 -- -- 87.5 -33 Corporate equities -456.3 -- -- -363.4 -0.7 -- -- -- -457.0 -363.4 86.6 142.1 217.0 6734 Mutual fund shares 266.0 -- 7.4 -- -0.2 -- -- -- 273.1 -- -- -- -13.0 26035 Trade credit -- 2.0 214.3 178.5 5.3 33.3 9.1 12.4 228.7 226.3 7.8 6.3 22.2 736 Security credit -10.9 -31.7 -- -- -- -- -- -- -10.9 -31.7 0.0 0.0 3.2 2437 Life insurance reserves 16.1 -- -- -- -- -- -- 1.1 16.1 1.1 -- -- -- 1438 Pension fund reserves 152.6 -- -- -- -- -- -- -- 152.6 -- -- -- -- 15239 Taxes payable -- -- -- 13.4 42.8 -- 13.2 -- 55.9 13.4 -- -- -- 1440 Equity in noncorp. business -63.4 -- -- -60.6 -- -- -- -- -63.4 -60.6 -- -- -- -241 Miscellaneous 28.4 1.0 266.9 302.3 -50.8 -- -1.4 41.9 243.2 345.2 -28.6 -45.9 542.2 41542 Sector discrepancies (1 less 4) 110.7 -- 31.8 -- -32.9 -- -13.8 -- 95.8 -- -5.3 -- -70.7 -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, December 7, 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 38802.3 -- 13749.4 -- 2163.3 -- 605.4 -- 55320.3 -- 11029.4 -- 51500.3  2 Total liabilities and equity -- 12214.2 -- 32310.4 -- 2337.7 -- 5856.9 -- 52719.2 -- 8632.6 --  3 Total liabilities -- 12214.2 -- 14698.9 -- 2337.7 -- 5856.9 -- 35107.7 -- 5546.2 --  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 -- -- 36.5  9 Foreign deposits 62.7 -- 73.8 -- -- -- -- -- 136.5 -- -- 1044.5 94.7 10 Interbank claims -- -- -- -- -- -- -- -- -- -- 111.8 -- 70.1 11 Checkable dep. and currency 308.1 -- 378.8 -- 48.8 -- 36.8 -- 772.5 -- 443.3 -- 286.8 12 Time and savings deposits 4740.1 -- 884.0 -- 183.1 -- 1.4 -- 5808.6 -- 257.6 -- 309.3 13 Money market fund shares 957.3 -- 425.7 -- 68.7 -- -- -- 1451.7 -- -- -- 555.2 14 Fed. funds and security RPs -- -- 14.9 -- 135.3 -- -- -- 150.2 -- 712.5 -- 753.0 15 Credit market instruments 3026.4 11798.7 430.9 8292.4 1290.7 1854.1 286.1 4701.9 5034.0 26647.1 5672.0 1466.0 30335.4 16 Open market paper 164.2 -- 106.8 93.8 177.1 -- -- -- 448.1 93.8 189.2 368.4 1196.6 17 Treasury securities 547.2 -- 96.8 -- 456.2 -- -- 4678.0 1100.2 4678.0 1993.8 -- 1584.0 18 Agency- and GSE-backed sec. 638.8 -- 13.7 -- 384.9 -- 0.0 23.8 1037.4 23.8 953.1 -- 4285.3 19 Municipal securities 816.0 205.1 36.2 176.7 4.8 1843.8 -- -- 857.0 2225.6 30.0 -- 1338.6 20 Corporate and fgn. bonds 687.0 -- -- 3006.2 122.0 -- -- -- 808.9 3006.2 2314.1 987.5 5235.4 21 Bank loans n.e.c. -- 46.8 -- 1190.2 -- -- -- -- -- 1237.0 -- 76.2 1491.4 22 Other loans and advances -- 119.4 -- 923.4 -- 10.3 106.2 -- 106.2 1053.1 191.8 34.0 1409.2 23 Mortgages 173.3 9102.2 118.8 2902.2 145.6 -- 77.8 0.0 515.5 12004.3 -- -- 11630.3 24 Consumer credit -- 2325.3 58.6 -- -- -- 102.1 -- 160.7 2325.3 -- -- 2164.6 25 Corporate equities 5491.6 -- -- 10876.3 92.8 -- -- -- 5584.4 10876.3 2302.6 3086.5 10390.0 26 Mutual fund shares 4121.4 -- 156.3 -- 28.4 -- -- -- 4306.1 -- -- -- 1742.7 27 Trade credit -- 160.8 2434.6 1990.9 138.7 483.6 70.9 178.6 2644.1 2813.9 52.4 57.3 177.9 28 Security credit 567.4 232.3 -- -- -- -- -- -- 567.4 232.3 0.0 0.0 462.8 29 Life insurance reserves 1082.6 -- -- -- -- -- -- 42.7 1082.6 42.7 -- -- -- 30 Pension fund reserves 11176.7 -- -- -- -- -- -- -- 11176.7 -- -- -- -- 31 Taxes payable -- -- -- 178.7 126.4 -- 74.0 -- 200.3 178.7 -- -- -- 32 Equity in noncorp. business 6739.9 -- -- 6735.2 -- -- -- -- 6739.9 6735.2 -- -- -- 33 Miscellaneous 528.1 22.4 8950.4 4237.0 50.6 -- 100.9 904.0 9630.0 5163.3 1477.2 2932.4 6253.8 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, December 7, 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 29571.8 32614.1 35549.5 39535.2 43382.1 48875.9 48772.2 48383.9 47596.2 53780.0 58967.7 63975.4 1

 2 Tangible assets 10750.9 11227.6 11751.1 12366.3 13389.2 14526.2 15806.8 17017.2 18528.8 20238.8 22523.9 25173.1 2

 3 Financial assets 18821.0 21386.6 23798.5 27169.0 29992.9 34349.8 32965.4 31366.8 29067.5 33541.1 36443.8 38802.3 3

 4 Deposits 3145.7 3332.4 3475.9 3641.7 3844.7 4028.1 4349.6 4842.3 5121.7 5290.1 5633.9 6068.2 4

 5 Credit market instruments 2183.3 2182.0 2344.0 2265.0 2336.6 2445.7 2237.7 2117.7 2197.5 2529.6 2747.9 3026.4 5

 6 Equity shares at market value 5680.2 7624.8 9195.6 11832.2 13729.5 17270.9 15337.1 13088.9 9984.8 12988.0 14271.5 14830.4 6

 7 Directly held 3249.0 4368.5 5154.6 6697.9 7559.7 9711.4 8036.2 6376.8 4536.2 5613.1 5715.2 5491.6 7

 8 Indirectly held 2431.2 3256.3 4041.0 5134.3 6169.7 7559.5 7301.0 6712.1 5448.5 7374.9 8556.3 9338.8 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 1132.5 9

10 Private pension funds 1135.9 1505.2 1724.3 2088.7 2466.4 2803.6 2854.1 2596.1 2097.5 2827.0 3211.2 3352.1 10

11 Defined benefit plans 578.6 726.7 821.4 926.6 1057.8 1154.3 1248.0 1184.6 986.1 1285.2 1448.9 1473.9 11

12 Defined contribution plans 557.3 778.5 902.8 1162.2 1408.6 1649.3 1606.0 1411.5 1111.4 1541.8 1762.3 1878.2 12

13 State and local govt. retirement funds 543.2 738.3 892.5 1114.4 1268.4 1512.5 1428.5 1386.6 1157.4 1557.8 1763.6 1893.5 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 546.3 726.6 1032.2 1390.7 1726.6 2282.0 2079.0 1873.8 1455.2 2022.8 2453.3 2845.1 15

16 Other 7811.8 8247.4 8782.9 9430.1 10082.2 10605.1 11041.0 11317.8 11763.5 12733.4 13790.5 14877.3 16

17 Liabilities 4718.0 5052.2 5404.2 5753.6 6208.5 6786.6 7388.9 7997.7 8783.4 9812.0 11005.4 12214.2 17

18 Net worth 24853.9 27562.0 30145.4 33781.6 37173.6 42089.3 41383.3 40386.2 38812.9 43968.0 47962.4 51761.2 18

 Memo:

19 Equity shares excluding defined benefit plans 4558.3 6159.8 7481.7 9791.2 11403.3 14604.1 12660.6 10517.7 7834.4 10127.2 11039.7 11443.4 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) 19.2 23.4 25.9 29.9 31.6 35.3 31.4 27.1 21.0 24.2 24.2 23.2 20

21 Financial assets (line 3) 30.2 35.7 38.6 43.6 45.8 50.3 46.5 41.7 34.4 38.7 39.2 38.2 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.