58 Z.1, June 10, 2004

L.1 Credit Market Debt Outstanding (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total credit market debt owed by: 21206.2 23334.4 25459.6 27178.7 29151.2 31343.7 31884.1 32592.9 33250.7 34029.1 34625.5 1

 2 Domestic nonfinancial sectors 15150.5 16184.3 17243.5 18098.8 19228.0 20567.4 20877.5 21416.6 21828.5 22299.2 22725.5 2

 3 Federal government 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 3

 4 Nonfederal sectors 11345.7 12432.1 13562.5 14713.7 15848.4 16930.4 17177.0 17609.7 17914.0 18266.1 18556.5 4

 5 Household sector 5512.8 5949.1 6439.3 7014.1 7648.4 8388.7 8544.1 8813.1 9054.8 9281.4 9458.8 5

 6 Nonfinancial corporate business 3382.3 3774.7 4181.6 4538.8 4766.7 4807.6 4849.7 4920.2 4935.7 4986.4 5030.8 6

 7 Nonfarm noncorporate business 1225.4 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 7

 8 Farm business 154.5 164.7 169.3 180.2 190.5 199.1 197.8 202.3 204.4 206.2 204.3 8

 9 State and local governments 1070.7 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.6 1601.0 9

10 Rest of the world 607.9 639.3 652.5 709.5 659.7 665.6 669.9 653.1 639.4 650.7 667.2 10

11 Financial sectors 5447.7 6510.8 7563.6 8370.4 9263.5 10110.8 10336.6 10523.2 10782.8 11079.2 11232.8 11

12 Commercial banking 309.2 382.1 449.3 509.3 562.1 612.0 627.6 639.5 638.9 661.3 703.7 12

13 U.S.-chartered commercial banks 133.4 186.2 228.0 264.8 294.9 325.0 324.3 336.4 333.6 338.9 355.4 13

14 Foreign banking offices in U.S. 7.2 2.4 2.0 2.0 1.1 0.7 0.5 0.5 0.5 0.6 0.6 14

15 Bank holding companies 168.6 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.7 15

16 Savings institutions 160.3 212.4 260.4 287.7 295.1 281.4 287.2 277.0 277.9 280.9 281.4 16

17 Credit unions 0.6 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 17

18 Life insurance companies 1.8 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 8.1 18

19 Government-sponsored enterprises 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 19

20 Agency- and GSE-backed mortgage pools 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 20

21 ABS issuers 1066.3 1365.3 1556.8 1743.8 1997.8 2191.2 2249.6 2307.1 2347.2 2396.4 2420.0 21

22 Finance companies 568.3 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 961.1 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 96.1 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 213.8 227.3 24

25 Brokers and dealers 35.3 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 25

26 Funding corporations 372.6 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 455.5 26

27 Total credit market assets held by: 21206.2 23334.4 25459.6 27178.7 29151.2 31343.7 31884.1 32592.9 33250.7 34029.1 34625.5 27

28 Domestic nonfederal nonfinancial sectors 3010.2 3240.8 3427.0 3310.7 3265.5 3212.5 3144.6 3181.2 3282.6 3420.0 3286.3 28

29 Household sector 2093.6 2191.1 2370.3 2245.4 2129.8 2024.1 1984.6 1991.1 2076.6 2201.0 2077.7 29

30 Nonfinancial corporate business 257.5 242.9 224.3 249.4 252.1 275.4 266.7 279.8 291.6 289.3 276.0 30

31 Nonfarm noncorporate business 54.2 67.5 64.6 65.9 73.0 76.7 76.6 77.6 77.8 78.1 78.1 31

32 State and local governments 605.0 739.4 767.8 750.0 810.6 836.4 816.7 832.7 836.7 851.6 854.5 32

33 Federal government 209.8 221.6 261.1 272.7 278.7 288.5 284.1 282.0 287.0 285.8 287.5 33

34 Rest of the world 2097.7 2278.2 2354.6 2621.1 2953.7 3436.8 3535.5 3722.5 3799.5 3956.5 4243.6 34

35 Financial sectors 15888.5 17593.9 19416.9 20974.2 22653.3 24406.0 24919.9 25407.3 25881.5 26366.7 26808.1 35

36 Monetary authority 431.4 452.5 478.1 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 36

37 Commercial banking 4031.9 4336.1 4648.3 5006.3 5210.5 5614.9 5673.6 5831.6 5832.4 5961.5 6135.7 37

38 U.S.-chartered commercial banks 3450.7 3761.4 4080.0 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 38

39 Foreign banking offices in U.S. 516.1 504.5 487.4 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.4 39

40 Bank holding companies 27.4 26.5 32.7 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 40

41 Banks in U.S.-affiliated areas 37.8 43.8 48.3 55.0 65.0 66.3 66.1 70.3 75.5 77.6 80.7 41

42 Savings institutions 928.5 964.7 1032.4 1088.6 1131.4 1166.8 1214.4 1238.8 1261.4 1293.1 1370.6 42

43 Credit unions 305.3 324.2 351.7 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.3 43

44 Bank personal trusts and estates 207.0 194.1 222.0 222.8 194.7 195.6 194.9 194.3 193.7 193.2 196.4 44

45 Life insurance companies 1751.1 1828.0 1886.0 1943.9 2074.8 2307.8 2377.6 2437.4 2472.8 2503.7 2528.6 45

46 Other insurance companies 515.3 521.1 518.2 509.4 518.4 558.3 572.3 584.7 601.9 624.0 634.8 46

47 Private pension funds 647.1 621.1 720.4 724.2 708.3 729.5 731.3 737.4 734.4 733.6 744.5 47

48 State and local govt. retirement funds 632.5 704.6 751.4 806.0 788.4 802.4 802.5 808.1 810.9 815.5 816.6 48

49 Federal government retirement funds 27.5 30.2 33.1 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 49

50 Money market mutual funds 721.9 965.9 1147.8 1290.9 1536.9 1511.6 1485.5 1480.3 1438.1 1398.5 1344.7 50

51 Mutual funds 901.1 1028.4 1076.8 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1548.6 51

52 Closed-end funds 96.3 101.2 110.8 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.5 52

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

54 Government-sponsored enterprises 938.3 1252.0 1543.2 1803.9 2110.0 2320.9 2387.0 2419.0 2583.8 2579.0 2570.1 54

55 Agency- and GSE-backed mortgage pools 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 55

56 ABS issuers 927.4 1186.7 1360.0 1517.2 1745.1 1915.8 1968.2 2020.6 2055.8 2100.1 2119.0 56

57 Finance companies 568.2 645.5 742.6 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.0 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 50.6 45.5 42.9 35.8 42.5 65.6 63.5 71.2 75.9 82.4 97.0 59

60 Brokers and dealers 182.6 189.4 154.7 223.6 316.0 344.4 390.9 341.1 375.0 424.1 412.8 60

61 Funding corporations 166.7 152.3 272.2 297.1 217.8 174.7 215.9 202.4 247.9 277.5 334.4 61

(1) Excludes corporate equities and mutual fund shares.
Z.1, June 10, 2004 59

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Domestic 15150.5 16184.3 17243.5 18098.8 19228.0 20567.4 20877.5 21416.6 21828.5 22299.2 22725.5 1

 2 Federal government 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 2

 3 Treasury securities 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 3

 4 Budget agency secur. and mortgages 26.5 28.5 28.3 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 4

 5 Nonfederal, by instrument 11345.7 12432.1 13562.5 14713.7 15848.4 16930.4 17177.0 17609.7 17914.0 18266.1 18556.5 5

 6 Commercial paper 168.6 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 6

 7 Municipal securities and loans 1318.7 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.5 1943.3 7

 8 Corporate bonds 1610.9 1846.0 2067.7 2230.3 2578.8 2711.0 2757.7 2832.0 2856.0 2873.4 2899.3 8

 9 Bank loans n.e.c. 1040.4 1150.2 1233.2 1335.0 1253.5 1166.5 1141.8 1128.8 1096.5 1131.5 1116.1 9

10 Other loans and advances 757.5 826.1 852.4 932.1 941.0 961.1 957.1 966.7 958.0 971.4 968.0 10

11 Mortgages 5115.9 5583.4 6179.0 6738.2 7424.6 8264.7 8490.7 8782.7 9048.3 9272.5 9519.6 11

12 Home 3939.5 4306.1 4727.5 5142.5 5664.6 6353.2 6546.3 6788.9 7005.0 7171.2 7375.9 12

13 Multifamily residential 284.6 307.7 343.3 373.5 418.1 459.3 467.6 480.9 493.6 513.3 518.5 13

14 Commercial 801.7 873.0 1005.8 1113.3 1225.6 1327.4 1349.7 1383.7 1419.2 1455.8 1491.1 14

15 Farm 90.0 96.6 102.3 108.9 116.3 124.8 127.0 129.2 130.4 132.2 134.1 15

16 Consumer credit 1333.8 1430.6 1542.7 1719.0 1856.7 1938.1 1911.5 1941.4 1983.3 2032.9 2014.8 16

17 Nonfederal, by sector 11345.7 12432.1 13562.5 14713.7 15848.4 16930.4 17177.0 17609.7 17914.0 18266.1 18556.5 17

18 Household sector 5512.8 5949.1 6439.3 7014.1 7648.4 8388.7 8544.1 8813.1 9054.8 9281.4 9458.8 18

19 Nonfinancial business 4762.2 5344.7 5946.4 6507.3 6901.9 7099.7 7166.8 7275.7 7329.4 7425.1 7496.7 19

20 Corporate 3382.3 3774.7 4181.6 4538.8 4766.7 4807.6 4849.7 4920.2 4935.7 4986.4 5030.8 20

21 Nonfarm noncorporate 1225.4 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 21

22 Farm 154.5 164.7 169.3 180.2 190.5 199.1 197.8 202.3 204.4 206.2 204.3 22

23 State and local governments 1070.7 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.6 1601.0 23

 Foreign credit market debt

24 held in U.S. 607.9 639.3 652.5 709.5 659.7 665.6 669.9 653.1 639.4 650.7 667.2 24

25 Commercial paper 65.1 72.9 89.2 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 25

26 Bonds 427.7 450.6 452.5 467.7 443.2 409.8 402.5 377.0 375.6 382.6 376.9 26

27 Bank loans n.e.c. 52.1 58.7 59.2 70.5 63.2 68.6 67.6 59.7 61.0 60.9 58.9 27

28 Other loans and advances 63.0 57.1 51.6 50.3 46.6 44.4 44.1 43.3 42.4 42.2 41.5 28

29 Domestic and foreign 15758.5 16823.6 17896.0 18808.3 19887.7 21233.0 21547.4 22069.7 22467.9 22949.9 23392.7 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 5447.7 6510.8 7563.6 8370.4 9263.5 10110.8 10336.6 10523.2 10782.8 11079.2 11232.8 1

 2 Open market paper 745.7 906.7 1082.9 1214.7 1169.4 1105.9 1076.5 1036.5 1025.7 1042.1 1055.0 2

 3 GSE issues 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 3

 4 Agency- and GSE-backed mortgage pool sec. 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 4

 5 Corporate bonds 1558.3 1846.0 2032.7 2226.0 2488.4 2821.5 2956.5 3064.1 3137.9 3267.8 3353.3 5

 6 Bank loans n.e.c. 77.3 105.8 91.5 91.1 104.2 105.3 92.9 98.7 102.8 100.0 104.2 6

 7 Other loans and advances 198.5 288.7 395.8 438.3 473.2 489.8 506.5 506.5 506.2 514.5 531.2 7

 8 Mortgages 46.8 71.6 76.7 82.9 84.2 90.1 89.2 90.1 92.0 93.7 97.9 8

 9 By sector 5447.7 6510.8 7563.6 8370.4 9263.5 10110.8 10336.6 10523.2 10782.8 11079.2 11232.8 9

10 Commercial banks 140.6 188.6 230.0 266.7 296.0 325.6 324.8 336.8 334.0 339.5 356.0 10

11 Bank holding companies 168.6 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.7 11

12 Savings institutions 160.3 212.4 260.4 287.7 295.1 281.4 287.2 277.0 277.9 280.9 281.4 12

13 Credit unions 0.6 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 13

14 Life insurance companies 1.8 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 8.1 14

15 Government-sponsored enterprises 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 15

16 Agency- and GSE-backed mortgage pools 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 16

17 ABS issuers 1066.3 1365.3 1556.8 1743.8 1997.8 2191.2 2249.6 2307.1 2347.2 2396.4 2420.0 17

18 Brokers and dealers 35.3 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 18

19 Finance companies 568.3 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 961.1 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 96.1 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 213.8 227.3 21

22 Funding corporations 372.6 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 455.5 22
60 Z.1, June 10, 2004

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

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total 21206.2 23334.4 25459.6 27178.7 29151.2 31343.7 31884.1 32592.9 33250.7 34029.1 34625.5 1

 2 Open market paper 979.4 1172.6 1402.4 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 2

 3 Treasury securities 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 3

 4 Agency- and GSE-backed securities 2847.6 3320.5 3912.2 4344.8 4970.9 5525.4 5641.9 5754.5 5945.4 6085.9 6116.4 4

 5 Municipal securities 1318.7 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.5 1943.3 5

 6 Corporate and foreign bonds 3596.9 4142.6 4553.0 4924.0 5510.5 5942.3 6116.8 6273.0 6369.4 6523.8 6629.5 6

 7 Bank loans n.e.c. 1169.8 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.3 1292.4 1279.1 7

 8 Other loans and advances 1019.0 1171.9 1299.9 1420.7 1460.7 1495.3 1507.6 1516.4 1506.6 1528.0 1540.7 8

 9 Mortgages 5162.7 5655.0 6255.7 6821.1 7508.8 8354.8 8579.9 8872.7 9140.3 9366.2 9617.5 9

10 Consumer credit 1333.8 1430.6 1542.7 1719.0 1856.7 1938.1 1911.5 1941.4 1983.3 2032.9 2014.8 10

 Memo:

 Selected claims not included above:

11 Corporate equities 13292.8 15547.3 19522.8 17627.0 15310.6 11870.9 11424.8 13275.0 13746.6 15472.7 15782.9 11

12 Mutual fund shares 2989.4 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4890.4 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) 21206.2 23334.4 25459.6 27178.7 29151.2 31343.7 31884.1 32592.9 33250.7 34029.1 34625.5 1

 2 Official foreign exchange 48.9 60.1 50.1 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 2

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

 4 Treasury currency 19.3 19.9 20.9 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 4

 5 Foreign deposits 618.5 624.9 686.1 820.3 851.0 874.9 870.7 910.6 836.3 854.1 791.3 5

 6 Net interbank liabilities 219.4 189.4 202.4 221.2 191.4 205.9 175.5 123.8 163.7 202.9 123.9 6

 7 Checkable deposits and currency 1286.1 1333.3 1484.5 1413.1 1603.2 1646.7 1680.4 1703.1 1670.6 1681.0 1651.1 7

 8 Small time and savings deposits 2474.2 2626.5 2671.6 2860.4 3127.6 3398.7 3502.5 3575.2 3601.2 3628.3 3721.6 8

 9 Large time deposits 713.4 805.3 936.4 1052.6 1121.1 1171.5 1209.1 1222.5 1222.1 1233.5 1332.8 9

10 Money market fund shares 1042.5 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.8 2058.0 2016.0 1971.9 10

11 Security RPs 822.4 913.8 1083.6 1196.8 1231.8 1336.8 1323.1 1450.0 1483.2 1659.1 1773.5 11

12 Mutual fund shares 2989.4 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4890.4 12

13 Security credit 469.1 572.2 676.6 822.7 825.9 738.8 796.6 971.9 940.2 871.3 945.4 13

14 Life insurance reserves 665.0 718.3 783.9 819.1 880.0 920.9 936.3 963.7 978.0 999.6 1019.5 14

15 Pension fund reserves 7323.4 8210.5 9095.5 9067.3 8655.1 7980.3 7902.1 8502.7 8679.5 9256.6 9422.8 15

16 Trade payables 1967.4 2082.9 2345.4 2747.7 2670.1 2697.5 2701.1 2759.6 2823.4 2882.2 2907.1 16

17 Taxes payable 141.3 156.0 178.9 204.8 219.2 248.1 271.2 276.6 284.8 276.6 297.2 17

18 Investment in bank personal trusts 942.5 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 18

19 Miscellaneous 7334.0 8313.8 9317.7 10523.4 11178.3 11717.7 12003.4 11924.7 12221.6 11980.3 12072.3 19

20 Total liabilities 50292.1 55914.3 62247.0 66342.8 69116.4 71068.2 71904.8 74133.8 75430.4 77246.7 78591.1 20

 + Financial assets not included in

 liabilities:

21 Gold and SDRs 21.1 21.6 21.4 21.6 21.8 23.2 22.4 22.8 23.1 23.7 23.7 21

22 Corporate equities 13292.8 15547.3 19522.8 17627.0 15310.6 11870.9 11424.8 13275.0 13746.6 15472.7 15782.9 22

23 Household equity in noncorp. bus. 4117.5 4369.4 4602.2 4990.6 5098.7 5289.0 5347.8 5386.4 5502.1 5650.6 5717.5 23

 - Liabilities not identified as assets:

24 Treasury currency -6.3 -6.4 -7.1 -8.5 -8.6 -9.1 -9.2 -9.1 -9.3 -9.5 -9.4 24

25 Foreign deposits 535.0 525.5 568.2 641.6 652.8 671.7 668.9 730.0 655.9 677.0 616.6 25

26 Net interbank transactions -32.2 -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 26

27 Security RPs 172.9 230.6 262.5 374.9 329.7 338.9 379.0 284.0 285.1 364.3 372.5 27

28 Taxes payable 94.4 106.5 106.9 116.9 89.3 124.2 117.5 122.6 107.3 93.7 89.1 28

29 Miscellaneous -1399.3 -1947.1 -2355.8 -3425.6 -3755.8 -3655.7 -3740.7 -3680.2 -3407.5 -3721.0 -4055.7 29

 - Floats not included in assets:

30 Checkable deposits: Federal govt. -8.1 -3.9 -9.8 -2.3 -12.3 -11.7 27.4 -17.1 -52.5 -117.6 -139.7 30

31 Other 26.2 23.1 22.3 24.0 28.6 35.9 34.2 40.1 35.2 45.8 44.9 31

32 Trade credit 128.1 95.9 97.0 107.8 122.4 132.9 87.5 57.6 58.3 116.7 69.8 32

33 Totals identified to sectors as assets 68212.8 76854.9 87737.7 91157.5 92090.4 90609.0 91115.9 95283.3 97011.6 100932.1 103112.4 33
Z.1, June 10, 2004 61

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

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 24248.2 27181.7 31572.3 30396.2 29026.2 26573.9 26413.1 28180.1 28750.4 30456.5 30971.6 1

 2 Foreign deposits 37.2 38.3 43.5 63.5 58.5 69.2 75.7 69.8 65.3 60.2 59.9 2

 3 Checkable deposits and currency 600.0 618.7 582.6 518.8 613.1 608.8 591.3 555.4 501.7 557.0 593.6 3

 4 Time and savings deposits 2651.7 2827.3 2954.5 3263.2 3521.8 3813.2 3940.9 4018.2 4094.8 4132.3 4343.2 4

 5 Money market fund shares 605.2 745.5 865.7 1020.1 1188.2 1147.6 1128.3 1082.2 1049.8 1039.6 1032.8 5

 6 Securities 10224.5 11598.3 14521.6 12720.5 11135.7 9098.3 8870.6 9843.8 10189.6 11171.7 11172.8 6

 7 Open market paper 56.1 63.7 67.7 72.6 41.8 47.6 53.7 46.1 47.7 43.5 48.9 7

 8 U.S. savings bonds 186.5 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 8

 9 Other Treasury securities 581.8 549.1 649.4 450.0 358.8 255.2 296.0 355.4 330.7 326.7 290.1 9

10 Agency- and GSE-backed securities 219.6 253.3 352.4 423.5 372.3 220.4 209.6 186.0 335.7 477.4 379.2 10

11 Municipal securities 423.7 429.4 452.9 463.1 515.4 618.3 625.5 657.7 654.4 673.8 699.9 11

12 Corporate and foreign bonds 560.2 651.4 594.8 576.4 571.8 600.1 512.7 454.6 412.5 379.5 356.6 12

13 Corporate equities (2) 6238.9 7069.7 9234.7 7650.1 6341.6 4727.3 4555.2 5194.7 5315.9 5901.0 5828.2 13

14 Mutual fund shares 1957.7 2394.9 2983.2 2900.1 2743.6 2434.5 2421.1 2750.0 2891.3 3165.9 3365.6 14

15 Private life insurance reserves 632.7 684.7 748.9 782.7 842.2 881.6 896.9 923.9 938.1 959.1 979.0 15

16 Private insured pension reserves 1086.1 1248.1 1428.1 1453.1 1462.1 1488.0 1506.3 1602.5 1641.6 1728.7 1784.2 16

17 Private noninsured pension reserves 3736.2 4158.9 4628.9 4483.5 4104.6 3582.3 3528.3 3848.0 3939.7 4249.0 4333.4 17

18 Govt. insurance and pension reserves 2533.3 2837.0 3073.5 3167.1 3126.2 2949.4 2906.8 3091.9 3138.1 3319.3 3345.6 18

19 Investment in bank personal trusts 942.5 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 19

20 Miscellaneous and other assets 1198.8 1423.9 1594.6 1827.8 2013.1 2094.7 2148.3 2267.5 2306.7 2307.1 2372.0 20

21 Total liabilities 7668.4 8450.9 9335.1 10270.1 11087.4 11994.8 12214.2 12636.2 12922.0 13171.9 13417.7 21

22 Mortgage debt on nonfarm homes 3931.5 4296.8 4716.0 5129.1 5649.1 6337.0 6529.7 6771.8 6987.6 7153.2 7357.0 22

23 Other mortgage debt (3) 923.8 1029.4 1130.6 1245.5 1352.9 1454.9 1477.9 1504.9 1536.4 1549.5 1576.1 23

24 Consumer credit 1333.8 1430.6 1542.7 1719.0 1856.7 1938.1 1911.5 1941.4 1983.3 2032.9 2014.8 24

25 Policy loans 104.6 104.7 100.0 102.8 105.0 106.1 105.7 106.0 105.5 105.6 105.9 25

26 Security credit 131.2 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 199.1 26

27 Other liabilities (3) 1243.5 1436.7 1617.9 1838.6 1927.3 2010.5 2029.9 2063.6 2081.6 2148.2 2164.9 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, June 10, 2004

L.100 Households and Nonprofit Organizations (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 27515.7 30484.3 34939.6 33937.0 32536.6 30170.5 30044.1 31821.8 32473.4 34301.4 34860.7 1

 2 Deposits 3622.3 3901.2 4051.3 4385.2 4883.3 5122.7 5220.4 5206.6 5192.2 5268.7 5513.4 2

 3 Foreign deposits 37.2 38.3 43.5 63.5 58.5 69.2 75.7 69.8 65.3 60.2 59.9 3

 4 Checkable deposits and currency 436.8 421.1 345.7 225.3 318.5 301.0 281.3 241.9 184.9 238.3 274.4 4

 5 Time and savings deposits 2566.0 2728.9 2837.0 3125.6 3377.1 3666.3 3795.1 3871.4 3947.8 3983.7 4195.5 5

 6 Money market fund shares 582.3 712.9 825.0 970.7 1129.2 1086.2 1068.3 1023.5 994.2 986.5 983.6 6

 7 Credit market instruments 2093.6 2191.1 2370.3 2245.4 2129.8 2024.1 1984.6 1991.1 2076.6 2201.0 2077.7 7

 8 Open market paper 56.1 63.7 67.7 72.6 41.8 47.6 53.7 46.1 47.7 43.5 48.9 8

 9 Treasury securities 736.1 697.8 798.7 594.6 506.3 404.9 447.8 508.2 485.4 483.0 446.4 9

10 Savings bonds 186.5 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 10

11 Other Treasury 549.6 511.2 612.3 409.8 316.0 210.0 250.9 309.1 283.9 279.2 242.0 11

12 Agency- and GSE-backed securities 219.6 253.3 352.4 423.5 372.3 220.4 209.6 186.0 335.7 477.4 379.2 12

13 Municipal securities 420.5 426.6 450.2 460.7 511.9 614.6 621.7 653.9 650.5 669.8 695.9 13

14 Corporate and foreign bonds 560.2 651.4 594.8 576.4 571.8 600.1 512.7 454.6 412.5 379.5 356.6 14

15 Mortgages 101.1 98.2 106.5 117.7 125.7 136.5 139.3 142.1 144.9 147.7 150.7 15

16 Corporate equities (2) 6238.9 7069.7 9234.7 7650.1 6341.6 4727.3 4555.2 5194.7 5315.9 5901.0 5828.2 16

17 Mutual fund shares 1957.7 2394.9 2983.2 2900.1 2743.6 2434.5 2421.1 2750.0 2891.3 3165.9 3365.6 17

18 Security credit 215.5 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 507.2 18

19 Life insurance reserves 665.0 718.3 783.9 819.1 880.0 920.9 936.3 963.7 978.0 999.6 1019.5 19

20 Pension fund reserves 7323.4 8210.5 9095.5 9067.3 8655.1 7980.3 7902.1 8502.7 8679.5 9256.6 9422.8 20

21 Investment in bank personal trusts 942.5 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 21

22 Equity in noncorporate business 4117.5 4369.4 4602.2 4990.6 5098.7 5289.0 5347.8 5386.4 5502.1 5650.6 5717.5 22

23 Miscellaneous assets 339.5 351.5 364.3 370.9 389.4 418.1 427.3 434.6 449.3 450.2 454.0 23

24 Total liabilities 5780.6 6245.8 6817.5 7403.5 8002.6 8702.6 8871.8 9232.0 9454.9 9638.4 9834.8 24

25 Credit market instruments 5512.8 5949.1 6439.3 7014.1 7648.4 8388.7 8544.1 8813.1 9054.8 9281.4 9458.8 25

26 Home mortgages (3) 3779.3 4090.8 4463.9 4837.4 5314.7 5953.1 6131.6 6356.8 6558.1 6709.2 6897.8 26

27 Consumer credit 1333.8 1430.6 1542.7 1719.0 1856.7 1938.1 1911.5 1941.4 1983.3 2032.9 2014.8 27

28 Municipal securities 114.9 126.9 137.3 143.0 156.9 169.8 173.6 177.3 180.6 184.4 187.3 28

29 Bank loans n.e.c. 66.5 74.2 67.3 74.1 57.6 54.6 50.9 61.1 51.9 94.7 92.7 29

30 Other loans and advances 123.2 122.9 117.8 119.8 120.4 120.5 119.9 120.0 119.3 119.3 119.3 30

31 Commercial mortgages 95.1 103.7 110.3 120.7 142.2 152.7 156.6 156.5 161.6 140.9 146.9 31

32 Security credit 131.2 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 199.1 32

33 Trade payables 118.0 126.8 130.9 134.7 138.7 145.7 147.5 149.5 151.5 153.6 155.7 33

 Deferred and unpaid

34 life insurance premiums 18.6 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.1 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, June 10, 2004 63

L.101 Nonfinancial Business (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 6644.3 7872.8 9335.4 11260.1 11544.3 11724.4 11834.6 12090.2 12271.1 12518.2 12679.2 1

 2 Foreign deposits 23.1 30.5 31.5 24.0 15.5 20.0 25.0 22.2 32.6 42.8 41.6 2

 3 Checkable deposits and currency 415.1 472.5 567.8 674.9 626.5 649.2 648.5 717.2 779.6 784.1 746.0 3

 4 Time and savings deposits 205.1 211.0 254.4 274.9 275.8 274.4 283.0 292.4 281.7 289.7 287.0 4

 5 Money market fund shares 110.7 159.0 195.6 240.8 360.9 390.1 379.1 362.3 333.1 329.1 320.2 5

 6 Security RPs 4.6 4.2 5.8 4.2 4.0 6.2 5.8 6.5 7.5 5.7 6.5 6

 7 Credit market instruments 311.7 310.3 288.9 315.3 325.0 352.1 343.3 357.4 369.4 367.4 354.1 7

 8 Commercial paper 36.1 39.4 47.6 57.8 60.2 64.7 62.5 71.6 80.7 79.9 80.9 8

 9 Treasury securities 59.1 61.6 56.6 58.3 59.3 76.5 80.6 83.0 82.7 81.1 79.1 9

10 Agency- and GSE-backed securities 8.0 10.6 12.4 15.4 17.2 15.9 15.9 13.6 13.3 12.4 10.4 10

11 Municipal securities 30.6 28.6 27.7 34.4 32.8 36.3 35.6 35.1 39.0 42.8 39.4 11

12 Mortgages 99.0 93.9 65.9 66.8 73.3 76.4 76.9 77.2 77.3 77.3 77.1 12

13 Consumer credit 78.9 76.2 78.7 82.7 82.3 82.2 71.7 77.1 76.5 73.8 67.1 13

14 Mutual fund shares 75.0 98.0 127.0 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 14

15 Trade receivables 1571.5 1684.7 1927.6 2280.2 2152.6 2141.0 2182.0 2261.1 2321.5 2319.7 2387.2 15

16 Miscellaneous assets 3927.5 4902.4 5936.8 7321.8 7673.0 7794.5 7875.5 7965.0 8037.2 8258.7 8414.1 16

17 Total liabilities 8516.6 9662.7 10924.8 12477.9 12894.2 13237.1 13351.5 13505.1 13635.7 13754.1 13875.0 17

18 Credit market instruments 4762.2 5344.7 5946.4 6507.3 6901.9 7099.7 7166.8 7275.7 7329.4 7425.1 7496.7 18

19 Commercial paper 168.6 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 19

20 Municipal securities 142.0 147.8 152.8 154.2 157.7 160.8 160.9 162.0 162.8 164.1 164.6 20

21 Corporate bonds 1610.9 1846.0 2067.7 2230.3 2578.8 2711.0 2757.7 2832.0 2856.0 2873.4 2899.3 21

22 Bank loans n.e.c. 973.9 1076.0 1165.8 1260.8 1195.9 1111.9 1090.9 1067.8 1044.6 1036.8 1023.4 22

23 Other loans and advances 625.4 693.1 724.9 803.6 811.6 831.2 827.7 837.1 829.0 842.4 838.9 23

24 Mortgages 1241.4 1388.8 1604.8 1780.0 1967.8 2158.9 2202.5 2269.4 2328.6 2422.4 2474.9 24

25 Trade payables 1158.7 1247.9 1461.5 1822.2 1711.0 1717.1 1711.2 1753.7 1812.1 1866.6 1879.0 25

26 Taxes payable 99.2 108.1 124.0 142.6 149.7 169.8 190.1 192.5 197.6 187.1 204.0 26

27 Miscellaneous liabilities 2496.4 2962.0 3393.0 4005.7 4131.6 4250.6 4283.4 4283.1 4296.5 4275.3 4295.3 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
64 Z.1, June 10, 2004

L.102 Nonfarm Nonfinancial Corporate Business

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 5808.7 6816.1 8093.8 9772.5 9898.9 9933.1 10007.5 10220.6 10356.6 10563.5 10685.8 1

 2 Foreign deposits 23.1 30.5 31.5 24.0 15.5 20.0 25.0 22.2 32.6 42.8 41.6 2

 3 Checkable deposits and currency 251.9 275.0 331.0 381.4 331.9 341.4 338.4 403.7 462.9 465.3 426.8 3

 4 Time and savings deposits 119.4 112.6 136.9 137.3 131.1 127.5 137.2 145.6 134.6 141.1 139.3 4

 5 Money market fund shares 87.8 126.4 154.9 191.4 301.9 328.8 319.1 303.6 277.6 276.0 271.0 5

 6 Security RPs 4.6 4.2 5.8 4.2 4.0 6.2 5.8 6.5 7.5 5.7 6.5 6

 7 Commercial paper 36.1 39.4 47.6 57.8 60.2 64.7 62.5 71.6 80.7 79.9 80.9 7

 8 Treasury securities 26.8 23.6 19.4 18.1 16.5 31.3 35.5 36.7 35.8 33.6 31.0 8

 9 Agency- and GSE-backed securities 8.0 10.6 12.4 15.4 17.2 15.9 15.9 13.6 13.3 12.4 10.4 9

10 Municipal securities 27.4 25.7 25.0 31.9 29.3 32.6 31.8 31.3 35.1 38.8 35.4 10

11 Mortgages 80.2 67.3 41.2 43.5 46.6 48.7 49.2 49.7 50.2 50.7 51.2 11

12 Consumer credit 78.9 76.2 78.7 82.7 82.3 82.2 71.7 77.1 76.5 73.8 67.1 12

13 Trade receivables 1366.6 1451.6 1655.0 1938.1 1808.7 1774.3 1806.1 1873.0 1917.0 1902.6 1955.2 13

14 Mutual fund shares 75.0 98.0 127.0 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 14

15 Miscellaneous assets 3622.8 4475.0 5427.5 6722.6 6942.7 6962.5 7016.7 7080.1 7124.3 7319.6 7446.9 15

16 U.S. direct investment abroad (1) 933.1 1041.0 1227.7 1320.4 1369.6 1496.1 1526.5 1555.7 1594.8 1630.9 1681.8 16

17 Insurance receivables 188.1 189.8 190.8 190.4 200.8 218.2 224.2 228.6 235.8 236.1 238.5 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. 23.5 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.0 19

20 Other 2478.0 3227.0 3965.1 5160.5 5322.7 5204.1 5222.4 5247.7 5245.8 5402.7 5474.6 20

21 Total liabilities 6628.8 7457.6 8407.3 9611.4 9809.5 9944.9 10009.1 10100.9 10168.6 10220.5 10292.1 21

22 Credit market instruments 3382.3 3774.7 4181.6 4538.8 4766.7 4807.6 4849.7 4920.2 4935.7 4986.4 5030.8 22

23 Commercial paper 168.6 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 23

24 Municipal securities (2) 142.0 147.8 152.8 154.2 157.7 160.8 160.9 162.0 162.8 164.1 164.6 24

25 Corporate bonds (1) 1610.9 1846.0 2067.7 2230.3 2578.8 2711.0 2757.7 2832.0 2856.0 2873.4 2899.3 25

26 Bank loans n.e.c. 692.7 768.8 813.0 861.0 758.3 661.9 649.2 632.1 615.0 612.5 607.0 26

27 Other loans and advances 507.7 562.0 585.4 651.3 659.1 675.1 671.7 680.7 669.3 680.7 677.8 27

28 Savings institutions 9.4 12.1 15.3 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 28

29 Finance companies 273.7 306.8 355.6 412.6 402.3 409.7 408.5 410.2 401.0 411.7 428.0 29

30 Federal government 8.4 8.3 8.0 7.6 7.4 7.0 7.3 7.5 7.6 7.8 8.0 30

31 Acceptance liabilities to banks 10.8 6.6 4.4 4.3 4.1 4.4 4.7 4.4 4.2 4.2 3.7 31

32 Rest of the world 143.3 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 111.9 32

33 ABS issuers 62.1 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 33

34 Mortgages 260.5 257.2 332.3 363.5 422.6 472.8 483.1 505.9 524.3 569.8 586.5 34

35 Trade payables 992.1 1049.7 1228.2 1541.4 1437.7 1421.9 1404.9 1435.9 1479.6 1522.8 1523.0 35

36 Taxes payable 59.2 64.1 71.0 78.0 81.0 93.0 108.4 108.4 112.4 100.6 116.1 36

37 Miscellaneous liabilities 2195.1 2569.1 2926.4 3453.1 3524.1 3622.5 3646.1 3636.3 3640.9 3610.8 3622.2 37

38 Foreign direct investment in U.S. 750.6 892.6 1085.5 1066.6 1069.1 1181.5 1179.2 1175.6 1182.7 1225.9 1220.9 38

39 Pension fund contributions payable 93.5 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 112.8 39

40 Other 1351.0 1561.6 1733.6 2278.0 2345.2 2329.9 2355.5 2348.9 2346.1 2272.4 2288.5 40

 Memo:

41 Trade receivables net of payables 374.5 401.9 426.9 396.6 371.0 352.4 401.3 437.1 437.4 379.8 432.2 41

42 Market value of equities 9765.7 11577.8 15155.6 12678.8 10796.2 7906.9 7646.1 8820.3 9042.0 10139.5 10206.6 42

43 Securities and mortgages 2013.3 2251.0 2552.9 2748.0 3159.1 3344.6 3401.7 3499.8 3543.0 3607.3 3650.4 43

44 Loans and short-term paper 1369.0 1523.8 1628.7 1790.7 1607.6 1462.9 1448.0 1420.3 1392.7 1379.1 1380.4 44

45 Total short-term liabilities (3) 2420.3 2637.5 2927.9 3410.2 3126.3 2977.8 2961.3 2964.7 2984.6 3002.4 3019.4 45

46 Total liquid assets (4) 660.2 746.1 891.4 985.6 1018.6 1065.4 1063.8 1140.7 1188.6 1216.8 1165.4 46

 Analytical measures (percent)

47 Long-term debt/credit market debt 59.5 59.6 61.1 60.5 66.3 69.6 70.1 71.1 71.8 72.3 72.6 47

48 Short-term debt/credit market debt 40.5 40.4 38.9 39.5 33.7 30.4 29.9 28.9 28.2 27.7 27.4 48

49 Liquid assets/short-term liabilities 27.3 28.3 30.4 28.9 32.6 35.8 35.9 38.5 39.8 40.5 38.6 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, June 10, 2004 65

L.103 Nonfarm Noncorporate Business

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 773.8 992.7 1176.8 1422.7 1578.4 1719.8 1754.2 1795.5 1838.6 1878.4 1916.5 1

 2 Checkable deposits and currency 146.2 178.9 217.6 274.1 274.5 287.3 289.6 293.0 296.2 298.2 298.6 2

 3 Time and savings deposits 85.7 98.5 117.5 137.6 144.7 146.9 145.8 146.8 147.0 148.6 147.7 3

 4 Money market fund shares 22.9 32.6 40.7 49.4 59.0 61.3 60.0 58.7 55.6 53.1 49.2 4

 5 Treasury securities 32.2 38.0 37.2 40.2 42.8 45.2 45.1 46.3 46.8 47.5 48.1 5

 6 Municipal securities 3.2 2.8 2.7 2.4 3.5 3.7 3.8 3.8 3.9 3.9 4.0 6

 7 Mortgages 18.7 26.7 24.7 23.3 26.6 27.8 27.7 27.5 27.1 26.6 26.0 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 204.9 233.1 272.6 342.1 343.9 366.7 375.9 388.1 404.5 417.1 432.0 9

10 Miscellaneous assets 259.9 382.1 463.8 553.7 683.3 780.9 806.3 831.3 857.4 883.3 910.9 10

11 Insurance receivables 45.2 45.6 45.9 45.8 48.3 52.5 53.9 55.0 56.7 56.8 57.4 11

12 Equity investment in GSEs (1) 1.7 1.6 1.6 1.6 1.5 1.5 1.6 1.5 1.7 2.0 2.1 12

13 Other 213.0 334.9 416.3 506.2 633.5 726.9 750.8 774.8 799.1 824.6 851.4 13

14 Total liabilities 1714.5 2020.9 2328.3 2665.5 2876.0 3073.9 3124.7 3181.2 3241.8 3306.2 3358.5 14

15 Credit market instruments 1225.4 1405.3 1595.5 1788.4 1944.7 2093.0 2119.3 2153.2 2189.3 2232.5 2261.6 15

16 Bank loans n.e.c. 237.3 262.1 308.6 352.9 390.7 404.1 398.3 390.7 384.2 378.8 373.5 16

17 Other loans and advances 97.2 108.1 116.7 127.8 125.3 127.6 128.6 128.2 131.2 133.3 133.7 17

18 Mortgages 890.9 1035.1 1170.1 1307.6 1428.8 1561.3 1592.4 1634.3 1673.9 1720.4 1754.4 18

19 Trade payables 147.8 178.6 213.3 259.9 255.0 276.0 286.4 297.1 311.6 322.7 335.9 19

20 Taxes payable 39.9 44.1 53.0 64.6 68.7 76.8 81.7 84.1 85.3 86.5 87.9 20

21 Miscellaneous liabilities 301.3 392.9 466.5 552.6 607.5 628.1 637.3 646.8 655.6 664.5 673.1 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

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

 1 Total financial assets 61.7 64.0 64.8 64.9 67.0 71.5 72.9 74.1 76.0 76.3 76.8 1

 2 Checkable deposits and currency 16.9 18.6 19.2 19.4 20.1 20.5 20.5 20.5 20.5 20.6 20.6 2

 3 Miscellaneous assets 44.8 45.4 45.6 45.5 47.0 51.1 52.4 53.6 55.5 55.8 56.2 3

 4 Insurance receivables 43.3 43.7 43.9 43.9 45.3 49.3 50.7 51.7 53.3 53.4 53.9 4

 5 Equity investment in GSEs (2) 1.5 1.7 1.6 1.6 1.7 1.8 1.8 1.9 2.2 2.4 2.3 5

 6 Total liabilities 173.3 184.3 189.3 201.0 208.8 218.3 217.7 223.0 225.3 227.3 224.5 6

 7 Credit market instruments 154.5 164.7 169.3 180.2 190.5 199.1 197.8 202.3 204.4 206.2 204.3 7

 8 Bank loans n.e.c. 43.9 45.1 44.2 46.9 46.9 46.0 43.4 45.0 45.4 45.5 42.9 8

 9 Other loans and advances 20.6 23.0 22.8 24.4 27.3 28.4 27.4 28.2 28.5 28.5 27.4 9

10 Mortgages 90.0 96.6 102.3 108.9 116.3 124.8 127.0 129.2 130.4 132.2 134.1 10

11 Trade payables 18.8 19.6 20.0 20.9 18.3 19.2 20.0 20.7 20.9 21.1 20.1 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.
66 Z.1, June 10, 2004

L.105 State and Local Governments (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1033.3 1180.3 1257.8 1293.5 1385.0 1471.6 1469.9 1502.1 1513.9 1541.7 1574.0 1

 2 Checkable deposits and currency 32.2 28.3 32.2 33.2 38.2 46.7 43.1 45.0 44.9 53.0 51.4 2

 3 Time and savings deposits 78.4 91.1 102.1 111.5 119.2 136.3 145.7 146.3 150.4 158.5 167.4 3

 4 Security RPs 151.4 158.5 163.5 183.3 169.9 167.7 170.5 179.9 185.9 197.6 208.2 4

 5 Credit market instruments 605.0 739.4 767.8 750.0 810.6 836.4 816.7 832.7 836.7 851.6 854.5 5

 6 Open market paper 74.0 102.0 108.9 131.5 105.0 101.2 96.6 93.2 82.0 68.8 71.5 6

 7 Treasury securities 239.3 269.3 266.8 237.7 287.9 310.0 301.2 313.5 318.4 336.2 339.4 7

 8 Agency- and GSE-backed securities 115.4 179.0 190.0 172.0 191.9 194.0 191.0 194.0 198.1 202.6 200.2 8

 9 Municipal securities 3.9 2.5 1.0 1.6 1.9 0.5 1.2 1.6 2.9 4.3 4.7 9

10 Corporate and foreign bonds 51.0 61.2 71.3 73.0 84.9 86.7 81.5 83.9 87.6 90.7 88.3 10

11 Mortgages 121.3 125.4 129.8 134.3 139.0 143.9 145.2 146.5 147.8 149.1 150.5 11

12 Corporate equities 79.0 102.0 115.0 115.1 126.3 112.9 104.7 119.9 122.0 138.0 140.0 12

13 Mutual fund shares 33.6 21.3 25.6 26.4 31.5 33.5 35.7 34.9 33.5 30.5 26.2 13

14 Taxes receivable 26.9 28.1 33.5 45.6 50.1 59.5 63.7 69.0 74.4 80.1 84.2 14

15 Miscellaneous assets 27.0 11.5 18.1 28.5 39.2 78.6 89.8 74.6 66.1 32.4 42.0 15

16 Total liabilities 1619.7 1717.8 1785.4 1828.3 1959.2 2127.6 2157.7 2218.6 2233.4 2269.3 2316.6 16

17 Credit market instruments 1070.7 1138.3 1176.9 1192.3 1298.1 1442.0 1466.1 1521.0 1529.8 1559.6 1601.0 17

18 Municipal securities 1061.8 1128.2 1167.1 1183.6 1289.2 1432.6 1456.6 1511.4 1520.1 1550.0 1591.3 18

19 Short-term 47.5 41.2 43.7 45.1 69.0 94.2 92.8 92.4 95.2 100.7 102.5 19

20 Other 1014.3 1087.1 1123.4 1138.5 1220.2 1338.4 1363.8 1418.9 1425.0 1449.3 1488.8 20

21 U.S. government loans 8.9 10.1 9.7 8.7 8.9 9.4 9.5 9.6 9.6 9.7 9.7 21

22 Trade payables 549.0 579.5 608.6 635.9 661.1 685.6 691.6 697.6 703.6 709.6 715.6 22

(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 442.3 445.4 560.5 513.8 614.9 611.8 599.2 622.5 639.2 634.0 623.4 1

 2 Gold, SDRs, and official foreign exchange 42.0 51.0 44.4 41.0 43.1 51.1 51.7 52.9 54.8 55.1 54.3 2

 3 Checkable deposits and currency 41.6 23.2 87.9 24.3 66.9 47.5 23.3 41.8 53.3 54.1 22.7 3

 4 Time and savings deposits 3.4 4.7 5.4 6.3 10.5 27.6 18.4 27.8 9.1 2.4 1.9 4

 5 Credit market instruments 209.8 221.6 261.1 272.7 278.7 288.5 284.1 282.0 287.0 285.8 287.5 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 135.7 139.3 132.4 128.8 122.9 119.4 119.6 118.9 118.1 118.0 117.8 7

 8 Mortgages 45.7 44.9 77.7 76.9 75.8 76.3 73.9 74.0 73.6 73.8 75.8 8

 9 Consumer credit (1) 28.3 37.4 50.9 67.0 80.1 92.8 90.6 89.1 95.3 94.1 93.9 9

10 Trade receivables 20.8 22.3 22.9 28.1 35.5 32.2 29.8 31.5 29.9 31.9 31.3 10

11 Taxes receivable 20.0 21.4 38.5 42.4 79.8 64.3 90.0 85.0 103.1 102.8 123.9 11

12 Miscellaneous assets 104.8 101.3 100.4 99.0 100.3 100.6 101.8 101.5 101.9 101.9 102.0 12

13 Total liabilities 4546.8 4529.4 4498.1 4227.2 4288.3 4574.5 4617.6 4736.1 4854.1 4998.3 5120.9 13

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

15 Treasury currency 19.3 19.9 20.9 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 15

16 Credit market instruments 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 16

17 Savings bonds 186.5 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 17

18 Other Treasury securities 3591.8 3537.0 3466.2 3173.0 3162.4 3414.9 3476.8 3580.8 3686.0 3804.4 3939.4 18

19 Budget agency securities 26.5 28.5 28.3 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 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 72.9 65.0 64.5 69.0 72.3 74.1 75.9 76.6 77.3 75.8 76.0 21

22 Insurance reserves 32.3 33.6 35.0 36.4 37.8 39.4 39.4 39.8 39.9 40.5 40.5 22

23 Miscellaneous liabilities (2) 608.3 649.6 690.6 711.3 772.0 796.3 773.9 784.6 794.1 820.8 807.1 23

24 Nonmarketable securities held by pension plans 601.7 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 24

25 Other 6.6 6.7 6.6 6.4 6.2 6.0 6.1 6.0 6.0 5.8 5.9 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, June 10, 2004 67

L.107 Rest of the World

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 4627.3 5199.8 5819.9 6590.6 6979.2 7375.3 7580.2 7767.4 7765.9 8003.7 8426.6 1

 2 Net interbank assets 173.0 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 43.8 2

 3 U.S. checkable deposits and currency 243.6 258.4 298.3 294.1 318.3 341.5 349.5 363.8 359.0 371.5 389.4 3

 4 U.S. time deposits 73.6 86.6 101.6 103.5 83.3 95.3 102.8 100.6 72.0 91.6 61.2 4

 5 Security RPs 90.8 72.0 79.9 91.3 150.7 190.1 161.5 361.8 423.9 460.3 528.0 5

 6 Credit market instruments 2097.7 2278.2 2354.6 2621.1 2953.7 3436.8 3535.5 3722.5 3799.5 3956.5 4243.6 6

 7 Open market paper 77.8 115.3 102.3 111.9 118.1 135.4 139.7 153.6 147.0 155.7 158.6 7

 8 Treasury securities 1165.7 1185.0 1080.4 1026.1 1039.7 1214.2 1250.6 1343.1 1410.0 1482.7 1652.7 8

 9 Official 615.1 622.9 617.7 625.2 650.7 710.6 732.9 768.2 785.6 839.1 934.6 9

10 Private 550.6 562.0 462.8 401.0 389.0 503.6 517.7 574.9 624.4 643.6 718.1 10

11 Agency- and GSE-backed securities 209.4 227.8 300.2 445.2 553.8 669.4 676.7 678.2 637.1 646.1 708.8 11

12 Official 33.1 46.8 76.1 124.7 148.1 187.4 196.9 200.2 203.5 212.2 231.4 12

13 Private 176.3 181.0 224.1 320.5 405.7 482.0 479.8 478.0 433.6 433.9 477.5 13

14 U.S. corporate bonds (1) 501.6 607.8 752.1 920.6 1126.3 1291.9 1353.6 1421.5 1480.3 1547.0 1611.6 14

15 Loans to U.S. corporate business 143.3 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 111.9 15

16 U.S. corporate equities 952.9 1250.3 1611.5 1625.6 1533.9 1222.7 1154.1 1363.8 1394.9 1619.8 1655.4 16

17 Trade receivables 59.0 52.5 47.4 47.0 43.9 47.0 47.3 47.2 45.6 43.7 40.6 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 936.7 1055.9 1186.3 1646.8 1779.9 1922.2 2137.6 1758.3 1594.6 1340.1 1464.7 19

20 Foreign direct investment in U.S. (2) 824.1 1000.7 1216.0 1316.2 1383.2 1521.0 1555.2 1580.5 1582.8 1603.0 1602.6 20

21 Other 112.6 55.2 -29.7 330.6 396.7 401.2 582.4 177.8 11.8 -262.9 -137.8 21

22 Total liabilities 2562.0 2776.1 3147.8 3488.0 3566.9 3757.1 3940.7 3664.4 3589.5 3414.3 3255.0 22

 U.S. official foreign exchange

23 and net IMF position 48.9 60.1 50.1 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 23

24 U.S. private deposits 618.5 624.9 686.1 820.3 851.0 874.9 870.7 910.6 836.3 854.1 791.3 24

25 Credit market instruments 607.9 639.3 652.5 709.5 659.7 665.6 669.9 653.1 639.4 650.7 667.2 25

26 Commercial paper 65.1 72.9 89.2 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 26

27 Bonds 427.7 450.6 452.5 467.7 443.2 409.8 402.5 377.0 375.6 382.6 376.9 27

28 Bank loans n.e.c. 52.1 58.7 59.2 70.5 63.2 68.6 67.6 59.7 61.0 60.9 58.9 28

29 Official 2.1 2.8 3.0 3.5 4.3 5.1 4.7 4.7 4.4 4.6 4.9 29

30 Banks 13.8 13.1 9.9 13.2 5.9 5.1 5.5 4.9 3.9 3.7 4.4 30

31 Other 36.3 42.8 46.4 53.8 53.1 58.4 57.4 50.1 52.8 52.7 49.5 31

32 U.S. government loans 53.2 52.4 47.8 47.2 46.0 44.3 44.0 43.1 42.3 42.0 41.4 32

33 Acceptance liabilities to banks 9.7 4.7 3.9 3.1 0.5 0.2 0.1 0.1 0.1 0.2 0.1 33

34 Trade payables 48.8 44.9 49.1 49.9 47.8 37.6 46.3 46.9 46.4 48.4 46.2 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 1237.9 1406.9 1710.1 1862.3 1961.5 2123.2 2296.3 1995.0 2006.0 1798.9 1688.7 36

37 U.S. equity in IBRD, etc. 30.8 32.4 33.9 35.4 37.1 38.7 39.1 39.5 39.9 40.1 40.6 37

38 U.S. government deposits 2.1 2.0 2.6 2.6 2.6 2.7 2.6 2.7 2.7 2.8 2.9 38

39 U.S. direct investment abroad (1,2) 1068.1 1196.0 1414.4 1529.7 1598.1 1751.9 1788.8 1821.3 1866.4 1906.6 1964.7 39

40 Other 136.9 176.5 259.3 294.6 323.8 330.0 465.7 131.5 97.1 -150.7 -319.4 40

 Memo:

41 Market value of foreign equities 1207.8 1475.0 2003.7 1852.9 1612.7 1345.2 1270.2 1516.9 1661.3 1949.0 2040.1 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, June 10, 2004

L.108 Monetary Authority (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 534.0 566.8 696.9 636.0 683.0 753.6 756.7 769.0 778.9 796.9 787.9 1

 2 Gold and foreign exchange 28.0 30.7 27.1 26.6 25.5 27.9 28.3 28.8 29.6 30.8 30.9 2

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

 4 Treasury currency 25.6 26.3 28.0 31.6 33.0 34.6 34.8 35.1 35.3 35.5 35.7 4

 5 Federal Reserve float 0.7 1.6 -0.2 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 5

 6 Fed. Res. loans to domestic banks 2.0 0.0 0.2 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 6

 7 Security RPs 23.8 30.4 140.6 43.4 50.3 39.5 31.8 31.8 37.5 43.8 27.5 7

 8 Credit market instruments 431.4 452.5 478.1 511.8 551.7 629.4 641.5 652.1 656.1 666.7 674.1 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 430.7 452.1 478.0 511.7 551.7 629.4 641.5 652.1 656.1 666.7 674.1 10

11 Agency- and GSE-backed securities 0.7 0.3 0.2 0.1 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 13.2 16.1 16.8 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 13

14 Total liabilities 528.8 560.9 690.5 629.2 675.7 745.3 747.2 760.0 768.7 788.0 778.2 14

15 Depository institution reserves 30.8 26.3 24.0 19.0 17.5 22.5 26.8 27.7 29.1 23.1 25.0 15

16 Vault cash of commercial banks 45.0 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 16

17 Checkable deposits and currency 443.5 481.8 590.4 555.2 603.1 644.6 654.7 662.1 665.5 682.5 681.4 17

18 Due to federal government 5.7 6.2 28.5 5.6 7.1 4.8 7.1 7.3 7.6 6.0 6.3 18

19 Due to rest of the world 0.5 0.2 0.1 0.3 0.1 0.1 0.3 1.0 0.1 0.2 0.1 19

20 Currency outside banks 437.4 475.4 561.8 549.3 596.0 639.7 647.3 653.8 657.8 676.3 675.1 20

21 Miscellaneous liabilities 9.5 10.7 9.4 10.6 7.7 30.3 27.2 30.7 33.7 34.5 30.8 21

22 Federal Reserve Bank stock 5.4 6.0 6.4 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 22

23 Other 4.0 4.8 3.0 3.6 0.4 21.9 18.7 22.0 25.0 25.7 21.9 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, June 10, 2004 69

L.109 Commercial Banking (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 5174.6 5628.6 5982.5 6468.7 6829.0 7329.2 7430.8 7619.1 7639.0 7812.2 8043.9 1

 2 Vault cash 45.0 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 2

 3 Reserves at Federal Reserve 29.1 24.4 19.3 17.4 15.2 19.5 24.0 25.0 25.7 19.1 19.9 3

 4 Checkable deposits and currency 1.4 2.0 2.2 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 4

 5 Total bank credit 4144.5 4483.6 4788.5 5200.8 5411.3 5811.4 5891.8 6058.3 6061.4 6202.7 6403.2 5

 6 Treasury securities 270.1 214.1 228.9 184.5 162.7 205.8 136.7 127.2 127.5 133.8 145.4 6

 7 Agency- and GSE-backed securities 571.2 663.2 699.6 721.8 777.4 917.9 961.2 1035.0 967.8 999.5 1094.6 7

 8 Municipal securities 96.7 104.8 110.8 114.1 120.2 121.7 123.2 127.1 131.9 132.5 133.9 8

 9 Corporate and foreign bonds 143.1 180.9 220.5 278.6 376.4 379.1 470.8 473.3 483.1 506.4 524.6 9

10 Total loans 3052.9 3304.6 3505.1 3874.8 3944.4 4163.8 4184.4 4272.8 4327.0 4398.3 4472.5 10

11 Open market paper 2.7 1.1 1.4 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Bank loans n.e.c. 1169.8 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.3 1292.4 1279.1 12

13 Mortgages 1245.3 1337.0 1495.4 1660.1 1789.8 2058.3 2099.4 2193.1 2263.9 2256.0 2329.5 13

14 Consumer credit 512.6 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 14

15 Security credit 122.5 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 15

16 Corporate equities 2.6 6.8 11.3 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 16

17 Mutual fund shares 8.1 9.1 12.4 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 17

18 Customers’ liab. on acceptances (2) 20.6 11.3 8.2 7.5 4.6 4.6 4.8 4.5 4.3 4.4 3.9 18

19 Miscellaneous assets 934.0 1065.2 1097.7 1196.9 1347.9 1443.4 1468.7 1488.8 1504.8 1535.7 1572.8 19

20 Total liabilities 5053.0 5505.7 5833.5 6407.1 6770.3 7330.6 7415.9 7593.9 7667.8 7850.7 8085.9 20

21 Net interbank liabilities 143.5 121.0 111.8 157.8 126.6 135.5 110.2 56.5 94.2 131.9 58.0 21

22 To monetary authority 2.8 1.7 -0.0 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 22

23 To domestic banks (3) -32.2 -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 23

24 To foreign banks 173.0 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 43.8 24

25 Checkable deposits 656.4 622.9 626.4 540.9 628.8 571.4 575.6 575.2 526.5 502.8 456.4 25

26 Federal government 27.8 13.2 49.6 16.4 47.5 31.1 43.6 17.4 -6.8 -69.5 -123.3 26

27 Rest of the world 31.7 30.2 43.6 33.9 34.5 36.1 39.0 51.3 44.6 49.5 69.2 27

28 Private domestic 597.0 579.6 533.2 490.6 546.9 504.3 493.0 506.5 488.8 522.8 510.5 28

29 Small time and savings deposits 1761.5 1945.2 2017.1 2228.7 2478.1 2747.8 2833.5 2913.7 2935.5 2978.3 3079.5 29

30 Large time deposits 601.0 673.1 792.6 885.4 918.1 915.6 940.5 934.8 933.6 934.5 992.8 30

31 Federal funds and security RPs (net) 552.2 639.2 750.0 816.1 786.5 902.0 896.6 992.4 972.8 1069.2 1160.4 31

32 Credit market instruments 309.2 382.1 449.3 509.3 562.1 612.0 627.6 639.5 638.9 661.3 703.7 32

33 Open market paper 58.5 56.9 63.1 63.6 55.4 52.9 49.4 44.2 45.2 46.6 61.0 33

34 Corporate bonds 192.6 220.2 240.6 273.2 310.2 332.2 352.9 359.7 361.2 379.1 389.1 34

35 Other loans and advances 58.1 104.9 145.6 172.4 196.6 226.9 225.3 235.6 232.5 235.5 253.5 35

36 Taxes payable 5.4 7.1 9.0 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 36

37 Miscellaneous liabilities 1023.7 1115.2 1077.4 1257.8 1256.6 1430.1 1414.9 1464.2 1548.1 1553.7 1615.4 37

 Memo:

38 Credit market funds advanced (4) 4031.9 4336.1 4648.3 5006.3 5210.5 5614.9 5673.6 5831.6 5832.4 5961.5 6135.7 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, June 10, 2004

L.110 U.S.-Chartered Commercial Banks

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3742.2 4080.6 4431.2 4774.1 5014.5 5427.1 5519.2 5683.7 5704.5 5839.8 5996.5 1

 2 Vault cash and reserves at Federal Reserve 71.2 65.5 84.4 61.3 61.9 66.1 61.3 63.4 63.7 66.2 59.7 2

 3 Total bank credit 3512.2 3844.6 4164.5 4515.2 4718.6 5102.3 5158.3 5324.2 5350.0 5481.6 5650.8 3

 4 Treasury securities 166.8 124.8 122.8 87.9 56.5 86.4 89.3 77.9 81.2 93.5 102.6 4

 5 Agency- and GSE-backed securities 497.2 578.9 608.3 626.5 700.2 821.3 866.4 936.0 872.5 906.4 1001.0 5

 6 Mortgage pass-through securities 247.7 301.5 283.7 297.8 350.6 434.9 466.2 526.1 472.2 491.5 578.1 6

 7 CMOs and other structured MBS 107.0 115.9 120.9 111.0 168.2 159.1 179.5 179.3 158.5 161.4 166.6 7

 8 Other 142.4 161.5 203.8 217.6 181.4 227.4 220.7 230.5 241.8 253.5 256.3 8

 9 Municipal securities 96.1 104.4 110.2 113.4 119.7 121.2 122.7 126.6 131.3 131.9 133.3 9

10 Corporate and foreign bonds 85.8 118.2 161.8 214.0 278.5 283.5 288.5 281.8 302.3 330.6 340.2 10

11 Private mortgage pass-through securities 3.0 3.9 4.5 4.1 25.3 12.0 10.6 10.3 11.4 12.2 13.8 11

12 Private CMOs and other structured MBS 22.5 42.8 48.8 56.5 59.3 67.4 78.1 78.4 84.2 92.6 94.4 12

13 Other 60.4 71.5 108.5 153.4 193.9 204.2 199.8 193.0 206.7 225.8 232.0 13

14 Total loans 2655.6 2902.3 3137.8 3446.5 3533.6 3766.7 3775.8 3878.9 3938.6 3987.1 4041.4 14

15 Open market paper 2.3 0.8 0.7 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Bank loans n.e.c. 867.9 1012.0 1104.3 1202.4 1140.5 1081.9 1050.6 1039.3 1029.5 1045.5 1034.7 16

17 Mortgages 1208.4 1304.3 1465.4 1627.0 1752.8 2018.5 2058.5 2150.9 2216.1 2213.6 2286.0 17

18 Consumer credit 512.6 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 18

19 Security credit 64.4 76.3 67.6 74.7 81.9 79.2 91.5 104.5 99.4 91.5 96.0 19

20 Corporate equities 2.6 6.8 11.3 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 20

21 Mutual fund shares 8.1 9.1 12.4 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 21

22 Customers’ liab. on acceptances (1) 13.7 9.1 6.6 5.9 3.6 3.9 4.3 4.1 3.8 3.8 3.3 22

23 Miscellaneous assets 145.2 161.5 175.6 191.7 230.4 254.7 295.2 292.0 287.0 288.2 282.6 23

24 Total liabilities 3959.7 4353.3 4685.6 5169.7 5455.3 5948.0 6023.6 6189.5 6273.2 6422.7 6616.4 24

25 Net interbank liabilities 2.9 25.2 56.9 137.5 138.2 192.4 177.7 133.0 173.5 219.1 195.4 25

26 Federal Reserve float 0.7 1.6 -0.2 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 26

27 Borrowing from Federal Reserve banks 2.0 0.0 0.2 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 27

28 To domestic banks -50.2 -50.9 -67.3 -33.0 -17.8 0.2 -15.2 -61.5 -57.8 -65.2 -72.8 28

29 To foreign banks 50.4 74.4 124.1 169.5 155.9 191.8 194.0 194.3 231.6 284.6 268.8 29

30 Checkable deposits 640.3 605.8 608.7 523.7 608.2 552.7 556.8 552.9 506.3 481.4 434.7 30

31 Federal government 27.8 13.2 49.6 16.4 47.5 31.1 43.6 17.4 -6.8 -69.5 -123.3 31

32 Rest of the world 26.0 24.8 37.6 28.3 31.2 33.2 36.7 48.6 42.3 46.9 66.4 32

33 Private domestic 586.5 567.9 521.5 479.0 529.5 488.4 476.4 486.9 470.8 504.0 491.5 33

34 Small time and savings deposits 1738.0 1924.4 1997.4 2208.0 2448.3 2722.0 2808.5 2888.4 2908.8 2950.2 3050.4 34

35 Large time deposits 369.3 404.1 465.7 553.6 528.4 552.7 569.1 572.5 569.7 555.7 575.2 35

36 Federal funds and security RPs (net) 471.7 538.4 667.0 682.4 663.9 737.4 698.7 786.6 802.9 905.6 990.3 36

37 Acceptance liabilities 13.7 9.1 6.6 6.0 3.7 3.9 4.3 4.1 3.8 3.8 3.3 37

38 Corporate bonds 61.6 72.1 75.8 86.4 94.7 94.1 94.7 96.6 97.3 99.6 98.6 38

39 Other loans and advances 58.1 104.9 145.6 172.4 196.6 226.9 225.3 235.6 232.5 235.5 253.5 39

40 Taxes payable 5.4 7.1 9.0 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 40

41 Miscellaneous liabilities 598.7 662.0 653.1 788.6 759.8 849.6 871.7 902.2 960.2 952.7 995.0 41

42 Investment by bank holding companies 413.6 469.0 471.9 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.0 42

43 Other 185.1 193.0 181.2 263.2 173.7 210.4 221.6 235.2 280.5 263.0 287.0 43

 Memo:

44 Credit market funds advanced (2) 3450.7 3761.4 4080.0 4419.5 4610.1 5003.9 5055.6 5200.8 5230.3 5361.7 5525.9 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, June 10, 2004 71

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

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 811.3 806.5 750.9 789.4 791.9 801.1 778.5 750.1 728.0 732.5 736.6 1

 2 Reserves at Federal Reserve 2.9 1.0 1.4 0.5 0.6 1.2 1.1 1.1 2.4 0.9 1.1 2

 3 Total bank credit 567.2 568.7 543.0 610.2 603.0 615.0 634.4 620.9 599.6 607.1 635.0 3

 4 Treasury securities 95.1 84.8 94.5 94.0 103.8 116.7 44.3 44.5 40.1 34.2 36.6 4

 5 Agency- and GSE-backed securities 62.2 67.4 72.4 72.7 50.7 61.6 60.0 63.1 54.8 52.5 51.1 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 41.3 46.9 42.4 50.7 81.3 81.6 164.0 167.2 165.5 160.9 169.6 7

 8 Total loans 368.6 369.6 333.8 392.8 367.2 355.2 366.1 346.2 339.2 359.6 377.7 8

 9 Open market paper 0.4 0.3 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Bank loans n.e.c. 284.0 282.4 260.0 274.6 256.1 237.5 231.2 223.1 205.7 220.4 217.2 10

11 Mortgages 26.1 20.4 15.9 17.1 17.9 19.0 18.9 19.3 23.7 17.2 17.3 11

12 Security credit 58.0 66.5 57.2 100.5 93.3 98.7 115.9 103.8 109.8 121.9 143.1 12

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

14 Customers’ liab. on acceptances (2) 6.9 2.2 1.6 1.6 1.0 0.6 0.5 0.4 0.5 0.6 0.5 14

15 Miscellaneous assets 234.3 234.5 204.9 177.1 187.2 184.2 142.5 127.6 125.5 123.9 100.0 15

16 Total liabilities 830.8 828.8 776.4 818.4 824.8 838.4 817.0 789.8 769.0 774.7 780.1 16

17 Net interbank liabilities 148.2 93.2 48.2 7.4 -9.3 -51.6 -61.1 -78.8 -84.6 -92.8 -142.9 17

18 To foreign banks 144.4 92.7 41.5 -15.5 -50.9 -83.1 -103.8 -111.8 -122.2 -130.7 -191.0 18

19 To domestic banks 3.8 0.4 6.7 22.9 41.6 31.5 42.7 33.0 37.6 37.8 48.1 19

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

21 Small time and savings deposits 13.1 9.4 7.5 7.2 11.6 9.4 8.7 8.9 9.7 10.3 11.2 21

22 Large time deposits 221.3 257.6 314.8 318.2 371.5 346.4 355.2 346.0 346.9 361.0 399.7 22

23 Federal funds and security RPs (net) 80.7 100.4 82.5 134.8 123.9 163.4 191.8 197.1 167.7 161.5 168.8 23

24 Acceptance liabilities 7.2 2.4 2.0 2.0 1.1 0.7 0.5 0.5 0.5 0.6 0.6 24

25 Miscellaneous liabilities 351.5 357.3 312.2 340.1 316.9 361.8 314.0 306.2 320.0 324.8 333.7 25

26 Foreign direct investment in U.S. 38.8 46.1 62.0 64.2 71.6 80.7 83.9 82.9 83.7 83.6 83.8 26

27 Due to affiliates 78.8 90.6 93.0 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 27

28 Other 233.9 220.6 157.2 137.2 137.4 148.5 101.8 98.5 118.0 110.3 91.9 28

 Memo:

29 Credit market funds advanced (3) 516.1 504.5 487.4 511.3 510.7 516.9 519.0 517.6 490.3 485.8 492.4 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, June 10, 2004

L.112 Bank Holding Companies

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 575.3 685.9 741.2 841.9 942.4 1025.8 1056.5 1104.6 1121.0 1152.4 1218.9 1

 2 Credit market instruments 27.4 26.5 32.7 20.5 24.7 27.8 33.0 42.9 36.4 36.4 36.7 2

 3 Treasury securities 4.0 0.9 8.8 0.8 1.2 1.3 1.3 2.4 3.0 2.7 2.1 3

 4 Agency- and GSE-backed securities 5.5 6.6 5.4 4.8 6.2 10.7 11.4 10.9 12.2 11.6 12.5 4

 5 Corporate and foreign bonds 15.5 14.8 15.9 13.2 15.3 12.9 17.6 23.0 14.3 14.2 13.9 5

 6 Bank loans n.e.c. 2.4 4.1 2.6 1.6 1.9 2.9 2.6 6.7 6.8 7.9 8.1 6

 7 Miscellaneous assets 547.9 659.5 708.5 821.4 917.8 998.1 1023.5 1061.7 1084.7 1116.0 1182.2 7

 8 Investment in bank subsidiaries 413.6 469.0 471.9 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.0 8

 9 Investment in nonbank subsidiaries 89.9 134.0 151.3 189.7 219.5 219.3 227.8 247.6 255.2 264.3 292.8 9

10 Other 44.4 56.5 85.4 106.3 112.2 139.5 145.7 147.1 149.9 161.9 181.4 10

11 Total liabilities 218.8 270.6 314.6 358.7 413.4 473.1 503.0 538.3 544.9 570.8 603.0 11

12 Net interbank liabilities -7.6 2.7 6.7 12.9 -2.3 -5.3 -6.4 2.4 5.3 5.6 5.4 12

13 To domestic banks 14.3 23.9 32.1 5.8 -12.8 -16.4 -8.2 35.3 38.3 39.4 39.4 13

14 To foreign banks -21.9 -21.3 -25.4 7.1 10.4 11.1 1.8 -32.9 -33.0 -33.8 -34.0 14

15 Federal funds and security RPs (net) -0.2 0.4 0.5 -1.1 -1.2 1.2 6.2 8.8 2.2 2.1 1.2 15

16 Credit market instruments 168.6 193.5 219.3 242.5 266.1 286.4 302.8 302.7 304.8 321.8 347.7 16

17 Commercial paper 37.6 45.4 54.5 55.7 50.6 48.3 44.6 39.6 40.9 42.3 57.1 17

18 Corporate bonds 131.0 148.1 164.8 186.8 215.5 238.1 258.2 263.1 263.9 279.5 290.6 18

19 Miscellaneous liabilities 57.9 74.1 88.1 104.4 150.8 190.9 200.4 224.5 232.7 241.4 248.8 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 45.8 55.5 59.2 63.3 80.2 75.2 76.6 80.8 85.4 87.5 91.8 1

 2 Checkable deposits and currency 1.4 2.0 2.2 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 2

 3 Credit market instruments 37.8 43.8 48.3 55.0 65.0 66.3 66.1 70.3 75.5 77.6 80.7 3

 4 Treasury securities 4.2 3.6 2.8 1.8 1.2 1.5 1.7 2.4 3.2 3.4 4.0 4

 5 Agency- and GSE-backed securities 6.3 10.2 13.5 17.8 20.3 24.2 23.4 25.0 28.3 28.9 29.9 5

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

 7 Corporate and foreign bonds 0.4 1.0 0.5 0.8 1.4 1.1 0.7 1.4 1.0 0.8 0.8 7

 8 Bank loans n.e.c. 15.5 16.3 16.9 18.0 22.5 18.1 17.9 18.2 18.2 18.6 19.1 8

 9 Home mortgages 6.4 7.5 8.1 9.1 8.2 9.6 10.6 11.2 11.6 12.3 12.9 9

10 Commercial mortgages 4.4 4.8 6.0 6.8 11.0 11.3 11.4 11.7 12.5 12.9 13.3 10

11 Miscellaneous assets 6.6 9.7 8.7 6.6 12.5 6.4 7.5 7.5 7.6 7.5 8.0 11

12 Total liabilities 43.7 53.1 56.9 60.4 76.8 71.0 72.3 76.2 80.7 82.5 86.4 12

13 Checkable deposits 7.3 8.5 8.5 8.4 11.5 10.3 10.9 12.2 11.4 12.0 12.7 13

14 Small time and savings deposits 10.4 11.4 12.2 13.6 18.1 16.4 16.3 16.3 17.0 17.8 17.8 14

15 Large time deposits 10.4 11.4 12.2 13.6 18.1 16.4 16.3 16.3 17.0 17.8 17.8 15

16 Miscellaneous liabilities 15.6 21.9 24.1 24.8 29.0 27.8 28.8 31.4 35.2 34.9 38.0 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, June 10, 2004 73

L.114 Savings Institutions (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1028.6 1088.6 1150.5 1217.7 1299.1 1357.4 1407.8 1437.1 1471.7 1475.2 1556.5 1

 2 Reserves at Federal Reserve 1.8 1.9 4.7 1.7 2.3 3.0 2.8 2.7 3.4 3.9 5.1 2

 3 Checkable deposits and currency 15.2 18.4 17.4 19.0 21.0 24.7 23.9 27.4 25.9 24.3 25.0 3

 4 Time and savings deposits 1.0 1.5 1.3 1.4 2.2 2.6 2.6 2.7 2.7 2.6 3.0 4

 5 Federal funds and security RPs 9.2 14.8 10.6 14.9 27.4 27.1 29.7 25.6 24.8 21.0 31.2 5

 6 Credit market instruments 928.5 964.7 1032.4 1088.6 1131.4 1166.8 1214.4 1238.8 1261.4 1293.1 1370.6 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 14.6 10.2 10.1 8.7 11.4 9.2 9.2 10.0 11.2 12.2 12.2 8

 9 Agency- and GSE-backed securities 155.3 143.7 147.1 140.4 161.4 176.2 186.1 192.4 193.3 198.7 228.4 9

10 Mortgage pass-through securities 124.1 117.2 115.7 109.0 115.7 132.7 141.0 142.0 136.2 138.1 124.9 10

11 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44.5 11

12 Other 31.2 26.5 31.4 31.4 45.7 43.5 45.2 50.3 57.1 60.6 59.1 12

13 Municipal securities 2.1 2.5 3.0 3.2 4.5 5.5 5.5 5.8 6.3 6.3 6.5 13

14 Corporate and foreign bonds 58.7 88.6 111.9 109.4 83.9 79.9 81.9 75.4 68.6 71.1 65.1 14

15 Private mortgage pass-through securities 15.1 13.2 18.4 19.0 13.2 10.6 9.6 9.5 10.0 10.7 9.4 15

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

17 Other 43.6 75.4 93.6 90.4 70.7 69.3 72.3 65.9 58.6 60.4 13.8 17

18 Other loans and advances 18.8 24.2 30.6 39.3 42.9 46.2 47.4 48.2 57.4 56.3 49.6 18

19 Mortgages 631.8 644.0 668.1 723.0 758.2 781.4 815.9 833.6 852.1 870.9 927.5 19

20 Consumer credit 47.2 51.6 61.5 64.6 69.1 68.5 68.4 73.6 72.5 77.7 81.3 20

21 Corporate equities 23.3 24.5 23.8 24.2 27.9 29.1 29.9 30.6 31.1 30.4 28.2 21

22 Miscellaneous assets 49.7 62.8 60.2 67.8 87.0 104.2 104.4 109.3 122.6 99.9 93.5 22

23 Total liabilities 1001.0 1058.8 1119.6 1185.8 1264.1 1318.1 1367.4 1397.7 1430.3 1431.6 1515.6 23

24 Deposits 695.8 693.2 699.3 726.7 773.6 840.5 860.5 875.1 893.1 899.8 946.7 24

25 Checkable 149.5 185.6 222.3 265.8 316.5 370.9 384.2 399.5 413.9 428.3 443.0 25

26 Small time and savings 448.2 393.9 354.7 318.9 288.2 256.5 251.8 238.0 240.9 226.0 218.3 26

27 Large time 98.1 113.7 122.2 142.1 168.9 213.1 224.5 237.6 238.3 245.5 285.4 27

28 Security RPs 41.8 51.3 72.7 66.7 72.4 57.4 60.8 64.6 65.6 77.5 74.1 28

29 Credit market instruments 160.3 212.4 260.4 287.7 295.1 281.4 287.2 277.0 277.9 280.9 281.4 29

30 Corporate bonds 2.8 2.6 2.7 6.3 3.6 3.4 4.8 4.8 5.0 5.1 6.0 30

31 Bank loans n.e.c. 19.4 29.7 14.0 21.5 23.0 27.2 15.1 15.9 15.4 13.9 14.3 31

32 Other loans and advances 138.0 180.1 243.7 260.0 268.5 250.8 267.3 256.2 257.5 261.8 261.2 32

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

34 Miscellaneous liabilities 101.4 99.8 85.1 102.3 121.3 137.2 157.5 179.5 192.3 172.1 211.5 34

35 Investment by parent 5.0 5.4 6.0 6.6 7.4 8.3 8.5 8.8 9.1 9.3 9.6 35

36 Other 96.4 94.4 79.2 95.7 113.9 128.9 148.9 170.8 183.2 162.8 201.9 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
74 Z.1, June 10, 2004

L.115 Credit Unions

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 353.8 391.5 414.5 441.1 505.5 560.8 589.2 609.4 612.5 617.3 634.5 1

 2 Checkable deposits and currency 8.1 9.1 26.4 26.7 36.8 38.4 54.8 52.4 45.6 41.5 50.4 2

 3 Time and savings deposits 17.0 23.4 16.6 15.5 23.0 24.5 28.7 27.6 27.3 26.4 27.5 3

 4 Federal funds and security RPs 3.5 6.8 9.3 4.0 2.5 1.7 4.4 2.4 2.8 1.6 4.3 4

 5 Credit market instruments 305.3 324.2 351.7 379.7 421.2 463.9 473.7 495.3 517.7 514.5 524.3 5

 6 Open market paper 0.2 0.4 1.9 1.2 2.4 3.6 2.9 3.4 3.1 1.6 2.3 6

 7 Treasury securities 15.6 13.1 9.6 8.2 7.4 7.8 7.3 8.7 9.1 8.9 8.5 7

 8 Agency- and GSE-backed securities 51.0 58.4 61.3 60.9 80.6 97.3 107.2 116.2 125.7 115.5 120.3 8

 9 Home mortgages 86.0 96.9 111.0 124.9 141.3 159.4 162.4 168.4 176.5 182.6 185.4 9

10 Consumer credit 152.4 155.4 167.9 184.4 189.6 195.7 193.9 198.6 203.4 205.9 207.7 10

11 Mutual fund shares 2.4 3.6 2.5 2.2 3.7 3.5 3.4 4.5 5.0 4.1 4.2 11

12 Miscellaneous assets 17.6 24.3 8.0 12.9 18.3 28.7 24.1 27.2 14.1 29.2 23.8 12

13 Total liabilities 320.6 355.3 376.1 398.1 458.9 509.0 536.2 555.6 557.3 560.3 576.7 13

14 Shares/deposits 315.4 349.0 366.7 389.1 450.2 496.9 527.1 540.0 539.9 544.9 548.8 14

15 Checkable 36.6 43.0 45.4 51.3 54.7 59.7 65.9 66.4 64.8 67.4 70.3 15

16 Small time and savings 264.4 287.5 299.8 312.7 361.3 394.4 417.1 423.6 424.9 424.0 423.8 16

17 Large time 14.4 18.5 21.6 25.1 34.1 42.8 44.1 50.1 50.3 53.6 54.7 17

18 Other loans and advances 0.6 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 18

19 Miscellaneous liabilities 4.6 5.2 6.0 5.6 3.8 5.1 1.5 7.6 8.5 6.3 19.5 19

L.116 Bank Personal Trusts and Estates (1)

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

 1 Total financial assets 917.7 976.3 1104.1 1067.8 929.1 807.9 786.5 843.8 851.7 899.0 921.5 1

 2 Deposits 48.2 54.4 62.7 69.8 65.1 65.2 65.2 65.1 65.1 65.1 65.1 2

 3 Checkable deposits and currency 0.8 0.3 0.3 0.2 0.7 0.0 0.1 0.2 0.3 0.4 0.5 3

 4 Time and savings deposits 10.0 7.8 8.7 8.9 11.7 11.1 13.3 15.4 17.6 19.8 22.0 4

 5 Money market fund shares 37.4 46.2 53.7 60.6 52.8 54.1 51.8 49.5 47.2 44.9 42.7 5

 6 Credit market instruments 207.0 194.1 222.0 222.8 194.7 195.6 194.9 194.3 193.7 193.2 196.4 6

 7 Open market paper 21.0 16.5 17.1 14.7 11.6 11.4 11.3 11.2 11.1 11.0 10.9 7

 8 Treasury securities 20.4 17.3 17.3 16.3 11.5 11.2 11.1 11.0 10.9 10.9 10.9 8

 9 Agency- and GSE-backed securities 40.8 39.4 45.2 45.5 35.1 34.2 33.6 32.9 32.2 31.6 31.7 9

10 Municipal securities 90.7 89.5 100.3 99.1 95.6 100.9 100.3 99.6 98.9 98.4 99.7 10

11 Corporate and foreign bonds 31.1 28.5 39.8 44.9 38.3 35.6 36.5 37.5 38.5 39.5 41.2 11

12 Mortgages 3.0 2.8 2.2 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 12

13 Corporate equities 362.2 360.1 407.3 356.8 280.7 181.1 170.1 192.7 194.4 213.1 218.3 13

14 Mutual fund shares 285.7 344.7 391.5 396.8 359.1 339.1 327.1 360.0 364.5 391.2 403.0 14

15 Miscellaneous assets 14.6 23.0 20.5 21.7 29.4 26.8 29.2 31.6 34.0 36.4 38.8 15

16 Total liabilities (2) 942.5 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 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, June 10, 2004 75

L.117 Life Insurance Companies

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 2514.8 2769.5 3067.9 3135.7 3224.6 3335.0 3420.2 3590.7 3663.9 3770.0 3848.8 1

 2 Checkable deposits and currency 8.1 5.4 5.5 5.0 36.8 35.3 43.8 43.4 44.8 27.7 27.8 2

 3 Money market fund shares 92.8 110.4 131.8 142.3 173.3 159.8 152.7 153.4 152.3 151.4 144.2 3

 4 Credit market instruments 1751.1 1828.0 1886.0 1943.9 2074.8 2307.8 2377.6 2437.4 2472.8 2503.7 2528.6 4

 5 Open market paper 65.9 73.4 75.8 71.2 59.3 74.0 79.2 76.4 79.0 74.1 79.6 5

 6 Treasury securities 85.5 71.3 62.8 58.1 53.7 78.5 81.4 83.5 84.6 83.1 83.6 6

 7 Agency- and GSE-backed securities 226.7 217.0 224.4 235.4 253.5 330.9 341.3 351.1 356.0 361.0 361.5 7

 8 Municipal securities 16.7 18.4 20.1 19.1 18.7 19.9 20.2 20.9 21.2 21.4 21.5 8

 9 Corporate and foreign bonds 1046.0 1130.4 1173.2 1222.2 1342.4 1449.3 1499.6 1546.1 1570.3 1599.2 1616.1 9

10 Policy loans 103.7 103.8 99.0 101.9 104.1 105.1 104.7 105.0 104.6 104.7 104.9 10

11 Mortgages 206.8 213.6 230.8 235.9 243.0 250.0 251.1 254.3 257.1 260.3 261.5 11

12 Corporate equities 539.7 683.2 909.0 891.9 811.3 708.9 706.7 809.4 844.6 928.6 966.9 12

13 Mutual fund shares 57.2 73.2 98.7 97.0 88.3 76.6 75.5 85.5 90.3 98.9 102.4 13

14 Miscellaneous assets 65.7 69.2 36.9 55.6 40.1 46.8 64.0 61.7 59.1 59.7 78.9 14

15 Total liabilities 2359.7 2599.7 2882.8 2942.8 3034.8 3140.4 3220.2 3373.8 3439.2 3538.3 3623.2 15

16 Other loans and advances 1.8 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 8.1 16

17 Life insurance reserves 632.7 684.7 748.9 782.7 842.2 881.6 896.9 923.9 938.1 959.1 979.0 17

18 Pension fund reserves (1) 1086.1 1248.1 1428.1 1453.1 1462.1 1488.0 1506.3 1602.5 1641.6 1728.7 1784.2 18

19 Taxes payable 13.7 14.9 16.2 17.8 19.7 22.1 22.8 23.4 24.1 24.9 25.6 19

20 Miscellaneous liabilities 625.4 649.5 686.4 686.8 707.6 743.6 788.0 817.4 827.9 817.6 826.3 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 843.5 876.4 872.7 862.0 858.1 918.8 937.0 982.7 1007.6 1045.0 1068.5 1

 2 Checkable deposits and currency 4.2 4.0 4.3 3.7 13.1 25.9 30.2 36.1 35.1 34.5 34.0 2

 3 Security RPs 35.2 42.7 28.3 38.3 30.2 44.4 42.0 48.8 51.0 52.8 56.2 3

 4 Credit market instruments 515.3 521.1 518.2 509.4 518.4 558.3 572.3 584.7 601.9 624.0 634.8 4

 5 Treasury securities 91.1 70.4 60.6 52.1 52.0 61.2 62.6 64.0 65.8 68.4 69.8 5

 6 Agency- and GSE-backed securities 70.8 69.7 75.5 84.1 94.2 113.2 115.6 118.0 121.5 126.3 127.2 6

 7 Municipal securities 191.6 208.1 199.0 184.1 173.8 183.0 187.5 191.4 197.1 204.6 208.7 7

 8 Corporate and foreign bonds 159.5 171.1 181.1 187.5 196.4 198.9 204.6 209.4 215.6 222.7 227.1 8

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

10 Corporate equities 186.0 200.1 207.9 194.3 173.9 152.3 147.4 162.9 167.3 182.7 186.9 10

11 Trade receivables 59.9 61.5 63.6 64.6 69.9 74.8 79.3 81.6 82.3 79.3 82.5 11

12 Miscellaneous assets 42.8 47.0 50.6 51.8 52.6 63.1 65.8 68.5 70.0 71.7 74.0 12

13 Total liabilities 535.7 543.1 551.8 562.7 590.1 636.5 649.1 661.6 680.5 682.5 690.4 13

14 Taxes payable 13.4 15.4 17.4 19.7 22.4 25.6 26.5 27.4 28.4 29.3 30.3 14

15 Miscellaneous liabilities 522.3 527.7 534.4 543.0 567.7 610.9 622.6 634.2 652.2 653.2 660.0 15
76 Z.1, June 10, 2004

L.119 Private Pension Funds (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 3689.2 4104.8 4571.2 4422.3 4039.7 3513.4 3458.4 3777.0 3867.7 4175.9 4259.2 1

 2 Checkable deposits and currency 6.6 5.7 6.9 7.3 6.3 6.8 7.0 7.3 7.3 7.1 7.4 2

 3 Time and savings deposits 119.4 147.7 118.8 121.7 125.8 126.7 127.5 128.7 129.5 129.1 130.0 3

 4 Money market fund shares 61.4 63.4 75.1 79.6 69.0 71.8 72.5 73.2 73.9 74.7 75.4 4

 5 Security RPs 27.6 28.8 32.5 33.4 34.2 36.1 35.8 35.5 35.2 35.4 35.6 5

 6 Credit market instruments 647.1 621.1 720.4 724.2 708.3 729.5 731.3 737.4 734.4 733.6 744.5 6

 7 Open market paper 31.3 34.3 41.3 39.6 37.4 48.3 48.1 46.2 45.9 42.3 42.4 7

 8 Treasury securities 118.3 85.1 87.5 77.9 56.2 54.9 54.9 55.8 53.7 52.7 53.3 8

 9 Agency- and GSE-backed securities 211.4 194.8 233.0 242.0 249.9 251.7 250.7 251.3 246.7 246.4 247.7 9

10 Corporate and foreign bonds 276.5 297.5 347.5 352.5 351.4 359.4 362.0 367.8 371.5 374.9 383.2 10

11 Mortgages 9.7 9.3 11.0 12.2 13.5 15.2 15.6 16.2 16.7 17.2 17.9 11

12 Corporate equities 1666.6 1947.9 2081.2 1956.1 1697.8 1288.2 1243.7 1449.3 1514.1 1709.2 1747.1 12

13 Mutual fund shares 569.6 668.2 897.6 873.7 776.9 634.6 618.9 714.3 735.0 824.5 850.3 13

14 Miscellaneous assets 590.9 622.2 638.9 626.4 621.3 619.8 621.6 631.4 638.2 662.2 668.9 14

15 Unallocated insurance contracts (2) 381.9 384.6 396.4 381.4 372.2 366.5 367.1 377.9 385.1 406.5 411.3 15

16 Contributions receivable 93.5 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 112.8 16

17 Other 115.4 122.7 135.3 136.5 139.3 142.2 143.1 141.8 141.0 143.3 144.8 17

18 Pension fund reserves (liabilities) (3) 3736.2 4158.9 4628.9 4483.5 4104.6 3582.3 3528.3 3848.0 3939.7 4249.0 4333.4 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 1817.1 2054.1 2226.8 2289.6 2179.6 1963.8 1932.6 2094.9 2125.2 2269.9 2303.3 1

 2 Checkable deposits and currency 5.3 10.0 9.2 9.1 9.5 7.7 9.2 9.3 9.4 9.2 9.6 2

 3 Time and savings deposits 2.4 2.0 1.7 1.1 0.6 0.7 1.1 1.1 1.1 1.1 1.0 3

 4 Security RPs 28.6 37.5 40.4 44.7 45.3 45.5 45.9 46.5 46.9 48.4 49.5 4

 5 Credit market instruments 632.5 704.6 751.4 806.0 788.4 802.4 802.5 808.1 810.9 815.5 816.6 5

 6 Open market paper 28.6 37.5 40.4 44.7 45.3 45.5 45.9 46.5 46.9 43.4 44.5 6

 7 Treasury securities 253.2 254.0 247.4 231.9 213.6 212.5 213.5 218.8 213.3 207.2 205.3 7

 8 Agency- and GSE-backed securities 87.0 106.1 129.0 166.6 152.1 151.8 151.1 151.7 154.8 159.8 158.0 8

 9 Municipal securities 1.5 3.3 3.0 1.6 1.4 0.5 0.6 0.5 0.6 0.6 0.7 9

10 Corporate and foreign bonds 244.5 279.6 310.0 339.7 351.1 360.5 357.5 354.4 356.4 362.5 363.2 10

11 Mortgages 17.6 24.1 21.5 21.5 24.9 31.6 33.9 36.3 39.0 41.9 45.0 11

12 Corporate equities 1084.8 1233.9 1343.2 1335.1 1221.9 1001.6 970.7 1130.4 1158.4 1304.5 1334.3 12

13 Miscellaneous assets 63.5 66.1 81.0 93.5 113.8 105.9 103.1 99.5 98.5 91.2 92.4 13

14 Pension fund reserves (liabilities) (1) 1842.0 2085.4 2262.3 2331.5 2226.4 2013.4 1982.4 2144.9 2175.3 2319.8 2352.9 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 659.1 718.0 776.2 799.2 862.0 896.6 885.0 907.2 922.9 959.0 952.2 1

 2 Credit market instruments 27.5 30.2 33.1 35.1 44.8 57.8 64.9 65.5 65.3 64.1 64.3 2

 3 Treasury securities 25.8 28.1 31.0 33.0 40.2 49.6 53.4 53.9 54.6 54.3 54.8 3

 4 Agency- and GSE-backed securities 1.0 1.3 1.3 1.4 3.1 5.5 7.7 7.7 7.1 6.5 6.3 4

 5 Corporate and foreign bonds 0.6 0.8 0.8 0.8 1.6 2.8 3.9 3.9 3.6 3.3 3.2 5

 6 Corporate equities 29.9 44.9 59.1 59.1 51.4 48.5 52.3 63.1 69.4 79.9 86.7 6

 7 Miscellaneous assets 601.7 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 7

 8 Pension fund reserves (liabilities) (2) 659.1 718.0 776.2 799.2 862.0 896.6 885.0 907.2 922.9 959.0 952.2 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, June 10, 2004 77

L.122 Money Market Mutual Funds (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1042.5 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.8 2058.0 2016.0 1971.9 1

 2 Foreign deposits 23.2 30.6 42.9 91.1 124.2 114.1 101.1 88.6 82.4 74.2 73.2 2

 3 Checkable deposits and currency 1.5 -1.0 -2.2 2.2 4.6 -1.3 -1.7 -8.1 -6.5 -1.9 -10.7 3

 4 Time and savings deposits 111.3 127.0 160.4 142.4 219.5 204.6 193.4 183.8 184.4 156.9 158.2 4

 5 Security RPs 126.6 139.5 139.6 183.0 227.0 273.2 262.1 258.7 229.0 251.4 269.0 5

 6 Credit market instruments 721.9 965.9 1147.8 1290.9 1536.9 1511.6 1485.5 1480.3 1438.1 1398.5 1344.7 6

 7 Open market paper 336.0 414.2 519.0 608.6 638.9 594.0 543.5 517.7 471.7 458.9 432.2 7

 8 Treasury securities 86.2 103.6 103.8 90.4 135.7 140.2 148.2 144.2 134.2 130.2 125.7 8

 9 Agency- and GSE-backed securities 96.3 173.8 190.9 185.2 318.4 324.1 318.1 326.9 350.9 326.2 300.0 9

10 Municipal securities 167.0 193.0 210.4 244.7 281.0 282.8 292.7 299.0 296.5 297.3 306.7 10

11 Corporate and foreign bonds 36.4 81.2 123.7 161.9 163.0 170.7 183.0 192.5 184.9 185.9 180.0 11

12 Miscellaneous assets 58.1 67.7 90.4 102.5 128.6 121.6 115.8 117.4 130.6 137.0 137.4 12

13 Total shares outstanding (liabilities) 1042.5 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.8 2058.0 2016.0 1971.9 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 2989.4 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4890.4 1

 2 Security RPs 57.8 70.9 80.8 106.5 74.8 81.5 81.4 82.3 83.5 94.0 93.6 2

 3 Credit market instruments 901.1 1028.4 1076.8 1097.7 1223.8 1368.0 1415.6 1480.9 1478.5 1505.7 1548.6 3

 4 Open market paper 57.8 70.9 80.8 106.5 74.8 63.0 62.8 63.9 65.2 75.8 75.3 4

 5 Treasury securities 136.4 141.0 117.3 123.6 115.1 134.7 142.8 152.2 147.2 144.1 147.0 5

 6 Agency- and GSE-backed securities 213.3 234.9 271.1 275.2 360.5 422.0 435.0 451.9 444.4 447.3 456.1 6

 7 Municipal securities 219.8 242.6 239.4 230.5 253.4 277.3 282.8 292.3 289.8 290.2 295.2 7

 8 Corporate and foreign bonds 273.8 339.0 368.2 361.9 420.1 470.9 492.1 520.6 531.9 548.3 574.9 8

 9 Corporate equities 2018.7 2506.2 3376.7 3227.3 2836.1 2188.0 2089.1 2506.6 2677.5 3051.6 3246.3 9

10 Miscellaneous assets 11.8 7.7 4.2 3.8 0.8 0.9 1.7 1.7 3.1 1.9 1.9 10

11 Total shares outstanding (liabilities) 2989.4 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4890.4 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 145.9 148.8 152.1 141.9 139.5 150.8 157.5 178.2 194.4 205.2 214.9 1

 2 Credit market instruments 96.3 101.2 110.8 105.3 108.5 117.1 123.6 138.6 149.3 153.3 155.5 2

 3 Treasury securities 9.8 8.8 7.6 6.7 6.7 3.9 4.0 4.7 5.1 5.3 6.7 3

 4 Municipal securities 59.4 60.7 69.7 67.7 74.7 86.0 87.1 86.7 88.8 89.3 88.8 4

 5 Corporate and foreign bonds 27.1 31.8 33.5 30.9 27.1 27.1 32.5 47.2 55.4 58.7 60.0 5

 6 Corporate equities 49.6 47.6 41.3 36.6 31.1 33.7 33.9 39.6 45.1 51.9 59.4 6

 7 Total shares outstanding (liabilities) 145.9 148.8 152.1 141.9 139.5 150.8 157.5 178.2 194.4 205.2 214.9 7

 Exchange-traded funds

 8 Total financial assets 6.7 15.6 33.9 65.6 83.0 102.0 100.6 121.3 119.5 150.8 161.3 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 3.7 3.4 3.5 3.9 4.5 5.7 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 2.0 1.5 1.3 1.8 2.1 3.0 10

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

12 Corporate equities 6.7 15.6 33.9 65.6 83.0 98.2 97.2 117.7 115.5 146.3 155.6 12

13 Total shares outstanding (liabilities) 6.7 15.6 33.9 65.6 83.0 102.0 100.6 121.3 119.5 150.8 161.3 13
78 Z.1, June 10, 2004

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

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1099.4 1403.8 1720.6 1969.4 2300.8 2543.3 2597.6 2658.2 2800.4 2813.0 2824.9 1

 2 Checkable deposits and currency 1.9 4.4 11.8 2.1 3.9 14.0 18.2 14.6 14.7 14.8 16.8 2

 3 Federal funds and security RPs 90.4 77.0 89.7 74.9 85.9 84.9 73.2 86.4 70.3 82.8 91.4 3

 4 Credit market instruments 938.3 1252.0 1543.2 1803.9 2110.0 2320.9 2387.0 2419.0 2583.8 2579.0 2570.1 4

 5 Open market paper 34.0 60.9 33.8 44.7 80.3 52.2 51.1 55.2 46.5 50.6 52.3 5

 6 Treasury securities 25.9 25.2 30.9 41.2 31.8 7.2 8.0 7.9 7.8 7.4 6.5 6

 7 Agency- and GSE-backed securities 326.5 489.6 668.3 813.3 998.7 1181.5 1198.1 1187.2 1330.2 1313.7 1289.2 7

 8 Municipal securities 5.2 9.2 10.6 8.8 14.8 13.1 13.4 14.5 15.8 16.3 16.3 8

 9 Corporate and foreign bonds 47.1 67.8 91.5 117.2 132.7 139.7 150.2 158.2 156.9 150.1 148.1 9

10 Other loans and advances 230.7 324.2 432.3 477.6 515.3 533.8 549.8 549.4 548.8 558.5 575.6 10

11 Sallie Mae 1.4 1.1 0.8 0.8 0.8 0.4 0.4 0.3 0.5 0.5 0.5 11

12 Farm Credit System 31.6 34.9 35.8 38.9 41.8 43.8 43.1 42.8 42.5 43.8 44.3 12

13 FHLB 197.8 288.2 395.7 437.9 472.7 489.6 506.3 506.3 505.9 514.2 530.9 13

14 Mortgages 239.4 246.8 242.0 264.2 296.9 356.5 381.1 415.3 450.5 461.8 466.1 14

15 Home 194.3 199.6 189.3 205.1 225.3 271.3 294.0 324.9 359.9 369.6 372.2 15

16 Multifamily residential 16.2 16.2 20.5 25.0 33.2 41.7 42.9 44.8 44.6 45.9 46.9 16

17 Farm 28.9 31.0 32.2 34.2 38.5 43.5 44.2 45.6 46.0 46.4 47.1 17

18 Consumer credit (2) 29.5 28.4 33.8 37.0 39.4 36.8 35.2 31.3 27.2 20.6 16.0 18

19 Miscellaneous assets 68.8 70.4 75.8 88.4 101.1 123.5 119.1 138.2 131.6 136.4 146.6 19

20 Total liabilities 1069.8 1369.2 1681.8 1923.3 2255.2 2488.7 2540.6 2600.2 2741.3 2748.8 2763.0 20

21 Credit market instruments 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 21

22 GSE issues (3) 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 22

23 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 23

24 Miscellaneous liabilities 74.6 95.6 90.1 97.5 141.2 148.8 151.8 161.5 193.2 175.8 180.9 24

(1) Federal Home Loan Banks, Federal National Mortgage Association, Federal Home Loan 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 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 1

 2 Home mortgages 1788.1 1970.2 2234.7 2425.6 2748.5 3063.7 3129.7 3189.9 3265.4 3373.4 3397.8 2

 3 Multifamily residential mortgages 37.8 48.3 57.5 66.0 81.6 94.5 96.6 98.9 104.9 114.7 111.4 3

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

 5 Farm mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Total pool securities (liabilities)(2) 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 6

(1) GNMA, FNMA, FHLMC, 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, June 10, 2004 79

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

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 1055.5 1352.6 1547.1 1737.2 1990.9 2185.5 2243.4 2301.1 2341.5 2390.9 2414.7 1

 2 Agency- and GSE-backed securities (1) 171.6 193.5 230.3 238.6 252.8 299.4 290.4 294.9 322.5 308.2 273.5 2

 3 Other loans and advances 62.1 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 3

 4 Mortgages (2) 376.3 517.9 598.7 667.4 784.3 874.4 922.2 974.0 999.9 1058.9 1127.2 4

 5 Home 280.4 360.6 399.4 432.8 505.0 563.2 606.3 642.2 656.4 696.1 754.7 5

 6 Multifamily residential 20.9 33.9 42.0 47.5 53.5 59.0 59.6 61.7 63.7 67.1 68.8 6

 7 Commercial 74.9 123.4 157.3 187.1 225.7 252.1 256.2 270.1 279.8 295.7 303.8 7

 8 Consumer credit 317.4 389.4 448.4 521.3 599.7 637.1 643.1 643.3 630.7 629.1 617.0 8

 9 Trade receivables 128.1 165.9 187.0 220.0 245.9 269.7 275.2 280.5 285.7 290.8 295.7 9

10 Total liabilities 1066.3 1365.3 1556.8 1743.8 1997.8 2191.2 2249.6 2307.1 2347.2 2396.4 2420.0 10

11 Commercial paper 256.1 381.8 520.8 645.8 765.8 752.8 728.3 719.8 731.0 717.3 710.1 11

12 Corporate bonds 810.2 983.5 1036.0 1097.9 1231.9 1438.4 1521.3 1587.3 1616.2 1679.2 1709.9 12

 Memo:

 Securitized assets not included above

13 Consumer leases (3) 10.8 12.7 9.7 6.6 6.8 5.7 6.2 6.0 5.7 5.5 5.3 13

14 REIT assets (4) 11.1 13.9 12.9 10.7 9.5 15.6 16.5 19.7 25.6 30.6 36.0 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 763.9 852.7 1003.5 1140.1 1158.9 1192.6 1190.5 1246.8 1336.4 1382.6 1401.4 1

 2 Checkable deposits and currency 20.6 22.8 25.3 27.9 30.8 33.8 34.6 35.4 36.2 37.1 37.9 2

 3 Credit market instruments 568.2 645.5 742.6 851.2 846.4 867.6 861.1 883.5 924.2 951.8 989.0 3

 4 Other loans and advances 304.1 340.9 395.1 458.4 447.0 455.3 453.9 455.8 445.6 457.5 475.6 4

 5 Mortgages 96.5 121.2 145.8 172.3 161.3 174.5 173.9 183.4 194.7 198.9 206.2 5

 6 Consumer credit 167.5 183.3 201.6 220.5 238.1 237.8 233.2 244.3 284.0 295.4 307.2 6

 7 Miscellaneous assets 175.1 184.4 235.7 261.0 281.8 291.3 294.9 327.9 375.9 393.7 374.4 7

 8 Total liabilities 780.8 856.6 995.3 1161.4 1182.7 1246.9 1245.8 1325.4 1415.3 1467.6 1505.8 8

 9 Credit market instruments 568.3 625.5 696.1 778.0 779.2 821.4 820.0 871.0 896.3 938.7 961.1 9

10 Open market paper 202.6 233.3 230.4 238.8 158.6 141.5 127.3 145.3 132.9 136.3 138.8 10

11 Corporate bonds 341.5 365.6 430.3 503.2 569.9 631.9 645.4 672.5 705.8 746.2 761.8 11

12 Bank loans n.e.c. 24.2 26.5 35.4 35.9 50.8 48.0 47.3 53.2 57.6 56.2 60.5 12

13 Taxes payable 6.5 7.3 8.1 9.1 10.2 11.6 12.0 12.4 12.8 13.2 13.6 13

14 Miscellaneous liabilities 206.0 223.8 291.1 374.3 393.2 413.9 413.8 442.1 506.2 515.7 531.1 14

15 Foreign direct investment in U.S. 35.7 37.2 48.6 63.2 68.5 58.8 74.1 75.3 76.3 76.8 77.2 15

16 Investment by parent 47.1 34.3 87.8 102.5 99.2 88.2 87.2 96.0 95.8 99.8 104.0 16

17 Other 123.2 152.3 154.6 208.5 225.5 266.9 252.5 270.7 334.1 339.2 349.9 17

 Memo:

18 Consumer leases not included above (2) 98.8 96.6 102.9 108.2 103.5 83.3 81.8 76.7 75.4 70.0 66.6 18

(1) Includes retail captive finance companies.

(2) See footnote (3), table L.127.
80 Z.1, June 10, 2004

L.129 Mortgage Companies (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 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 64.3 70.7 68.4 62.1 70.2 92.8 92.8 101.0 108.0 116.2 133.1 1

 2 Checkable deposits and currency 3.3 4.1 4.4 4.3 5.2 4.6 5.8 5.7 7.2 7.4 7.7 2

 3 Credit market instruments 50.6 45.5 42.9 35.8 42.5 65.6 63.5 71.2 75.9 82.4 97.0 3

 4 Agency- and GSE-backed securities 21.2 13.1 14.2 14.5 20.2 28.3 24.5 26.3 22.4 23.0 29.3 4

 5 Corporate and foreign bonds 6.5 6.1 5.7 4.9 7.0 11.7 12.5 11.4 13.4 13.9 16.0 5

 6 Mortgages 22.9 26.3 23.0 16.3 15.2 25.7 26.5 33.5 40.1 45.5 51.7 6

 7 Home 14.0 14.8 12.4 7.9 7.9 17.4 18.4 25.3 31.6 36.4 41.3 7

 8 Multifamily residential 2.1 2.1 1.6 1.2 0.9 0.8 0.8 0.8 0.7 0.8 1.1 8

 9 Commercial 6.9 9.4 9.0 7.3 6.4 7.5 7.3 7.5 7.8 8.3 9.3 9

10 Miscellaneous assets 10.5 21.2 21.1 22.0 22.5 22.6 23.5 24.1 25.0 26.4 28.4 10

11 Total liabilities 139.0 205.6 216.8 217.5 227.8 262.4 263.6 271.8 278.6 287.4 307.1 11

12 Security RPs 24.9 15.1 15.7 11.9 19.7 33.2 30.4 35.0 33.4 34.5 40.3 12

13 Credit market instruments 96.1 158.8 165.1 167.8 170.2 190.0 194.4 197.6 206.7 213.8 227.3 13

14 Open market paper 0.0 0.2 0.1 0.2 0.8 0.9 1.3 0.4 0.7 0.4 0.5 14

15 Corporate bonds 31.6 53.4 62.2 67.0 70.8 84.9 89.3 93.6 100.4 105.7 115.7 15

16 Bank loans n.e.c. 17.6 33.6 26.0 17.7 14.4 14.1 14.5 13.5 13.7 13.9 13.3 16

17 Mortgages 46.8 71.6 76.7 82.9 84.2 90.1 89.2 90.1 92.0 93.7 97.9 17

18 Miscellaneous liabilities 18.0 31.6 36.0 37.8 37.9 39.2 38.8 39.3 38.4 39.1 39.5 18

 Memo:

19 Securitized assets included above 11.1 13.9 12.9 10.7 9.5 15.6 16.5 19.7 25.6 30.6 36.0 19

20 Agency- and GSE-backed securities 4.9 5.0 3.7 3.5 2.6 1.3 1.0 0.7 0.4 0.3 0.2 20

21 Home mortgages 5.7 7.5 7.6 6.7 6.5 13.8 15.1 18.6 24.8 30.0 35.5 21

22 Multifamily residential mortgages 0.4 0.8 0.9 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.2 22

23 Commercial mortgages 0.0 0.6 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 23
Z.1, June 10, 2004 81

L.131 Security Brokers and Dealers

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 779.2 921.2 1001.0 1221.4 1465.6 1335.4 1385.5 1512.1 1560.7 1613.0 1724.5 1

 2 Checkable deposits and currency 21.7 25.4 28.7 30.3 47.1 44.2 44.2 43.6 43.9 47.2 52.4 2

 3 Credit market instruments 182.6 189.4 154.7 223.6 316.0 344.4 390.9 341.1 375.0 424.1 412.8 3

 4 Open market paper 24.3 28.0 26.0 39.2 48.2 43.5 46.7 41.9 46.1 49.4 48.6 4

 5 Treasury securities -5.3 15.8 -42.6 -3.3 9.8 -3.9 17.5 -63.2 8.1 37.8 19.6 5

 6 Agency- and GSE-backed securities 50.4 50.9 66.0 63.7 77.8 91.8 128.1 139.4 85.8 83.7 93.8 6

 7 Municipal securities 13.2 13.1 11.9 11.3 19.0 21.0 19.2 22.1 24.1 24.9 25.3 7

 8 Corporate and foreign bonds 100.0 81.4 93.4 112.7 161.3 192.0 179.4 201.0 210.8 228.4 225.6 8

 9 Corporate equities 51.9 54.4 66.9 77.2 85.1 74.9 67.7 87.6 86.8 100.5 113.7 9

10 Security credit 131.2 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 199.1 10

11 Miscellaneous assets 391.8 499.3 522.8 655.1 821.0 723.7 723.2 791.3 827.5 858.8 946.5 11

12 Total liabilities 729.2 866.8 935.8 1151.4 1382.2 1250.6 1298.7 1423.7 1467.5 1519.3 1631.8 12

13 Security RPs (net) 203.5 208.2 245.2 302.2 353.2 344.2 335.2 358.0 411.4 477.9 498.8 13

14 Corporate bonds 35.3 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 14

15 Trade payables 19.9 18.9 30.9 35.9 39.2 37.4 28.5 35.3 32.5 28.2 34.5 15

16 Security credit 337.9 419.5 448.7 587.6 629.5 590.6 637.1 723.4 712.6 688.8 746.3 16

17 Customer credit balances (HH) 215.5 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 507.2 17

18 From banks 122.5 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 18

19 Taxes payable 1.3 1.3 2.2 2.1 1.9 1.3 1.6 1.9 2.0 1.8 1.9 19

20 Miscellaneous liabilities 131.1 176.4 183.6 182.7 316.1 236.4 246.1 258.9 260.3 275.7 290.3 20

21 Foreign direct investment in U.S. 8.5 10.7 13.9 20.1 13.6 13.3 13.3 16.7 16.6 16.7 18.9 21

22 Due to affiliates 254.5 353.5 415.5 475.7 538.6 545.4 597.1 604.9 602.1 603.0 611.0 22

23 Other -131.9 -187.8 -245.8 -313.1 -236.1 -322.3 -364.4 -362.7 -358.3 -344.0 -339.6 23

L.132 Funding Corporations (1)

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

 1 Total financial assets 612.7 738.9 993.0 1113.8 1173.4 1163.7 1213.5 1216.3 1243.3 1251.6 1294.0 1

 2 Money market fund shares 157.9 237.9 297.7 318.1 455.6 461.9 431.7 459.0 457.2 429.3 405.8 2

 3 Credit market instruments 166.7 152.3 272.2 297.1 217.8 174.7 215.9 202.4 247.9 277.5 334.4 3

 4 Open market paper 133.6 114.7 238.4 268.2 143.0 90.3 115.3 90.3 121.8 138.1 192.5 4

 5 Corporate and foreign bonds 33.1 37.6 33.8 28.9 74.8 84.4 100.7 112.1 126.1 139.3 142.0 5

 6 Miscellaneous assets (2) 288.0 348.7 423.1 498.6 500.0 527.1 565.9 555.0 538.2 544.8 553.8 6

 7 Investment in foreign banking offices 78.8 90.6 93.0 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 7

 8 Investment in brokers and dealers 209.2 258.2 330.1 359.9 392.2 394.5 437.6 430.2 419.9 413.9 395.8 8

 9 Total liabilities 612.7 738.9 993.0 1113.8 1173.4 1163.7 1213.5 1216.3 1243.3 1251.6 1294.0 9

10 Credit market instruments 372.6 412.6 504.0 503.7 448.4 447.9 462.7 426.8 416.5 447.0 455.5 10

11 Open market paper 228.5 234.4 268.5 266.2 188.8 157.7 170.2 126.9 115.9 141.5 144.6 11

12 Corporate bonds 144.2 178.2 235.5 237.5 259.7 290.1 292.6 299.9 300.7 305.5 310.8 12

13 Miscellaneous liabilities 240.1 326.3 489.0 610.1 725.0 715.8 750.8 789.6 826.8 804.6 838.6 13

14 Foreign direct investment in U.S. -84.6 -63.9 -80.9 -5.1 51.6 79.2 103.1 128.2 121.7 97.8 98.3 14

15 Securities loaned (net) 333.3 403.3 419.5 508.2 578.3 575.4 567.7 628.9 672.7 678.0 755.9 15

16 Other -8.6 -13.0 150.4 107.0 95.1 61.2 80.0 32.4 32.4 28.8 -15.6 16

(1) Funding subsidiaries, nonbank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations.

(2) Due from affiliated companies.
82 Z.1, June 10, 2004

L.200 Gold and Official Foreign Exchange Holdings (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total U.S. reserves 70.0 81.8 71.5 67.6 68.7 79.0 80.0 81.7 84.4 85.9 85.2 1

 2 U.S. gold stock and SDRs 21.1 21.6 21.4 21.6 21.8 23.2 22.4 22.8 23.1 23.7 23.7 2

 3 Federal govt.: Exchange Stab. Fund 10.0 10.6 10.3 10.5 10.8 12.2 11.4 11.7 12.1 12.6 12.7 3

 4 Monetary authority (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 4

 5 U.S. foreign exchange position 48.9 60.1 50.1 46.1 46.8 55.8 57.6 58.9 61.3 62.3 61.5 5

 6 Official foreign currency holdings 30.8 36.0 32.2 31.2 29.0 33.8 34.8 35.7 37.3 39.7 39.8 6

 7 Treasury 13.8 16.2 16.0 15.6 14.4 16.9 17.4 17.8 18.6 19.9 19.9 7

 8 Monetary authority 17.0 19.8 16.1 15.7 14.6 16.9 17.4 17.8 18.6 19.9 19.9 8

 9 Net IMF position 18.1 24.1 18.0 14.8 17.9 22.0 22.9 23.2 24.1 22.5 21.6 9

10 Federal government 18.2 24.2 18.0 14.9 17.9 22.1 23.0 23.3 24.2 22.6 21.7 10

11 Monetary authority -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of

 foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows.

(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

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

 SDR certificates:

 1 Liab: Federal government 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 1

 2 Asset: Monetary authority 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2

 Treasury currency:

 3 Liab: Federal government 19.3 19.9 20.9 23.2 24.5 25.5 25.6 26.0 26.0 26.0 26.2 3

 4 Asset: Monetary authority 25.6 26.3 28.0 31.6 33.0 34.6 34.8 35.1 35.3 35.5 35.7 4

 5 Discrepancy (seigniorage) -6.3 -6.4 -7.1 -8.5 -8.6 -9.1 -9.2 -9.1 -9.3 -9.5 -9.4 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 618.5 624.9 686.1 820.3 851.0 874.9 870.7 910.6 836.3 854.1 791.3 1

 Held by:

 2 Household sector 37.2 38.3 43.5 63.5 58.5 69.2 75.7 69.8 65.3 60.2 59.9 2

 3 Nonfinancial corporate business 23.1 30.5 31.5 24.0 15.5 20.0 25.0 22.2 32.6 42.8 41.6 3

 4 Money market mutual funds 23.2 30.6 42.9 91.1 124.2 114.1 101.1 88.6 82.4 74.2 73.2 4

 5 Discrepancy--unallocated assets 535.0 525.5 568.2 641.6 652.8 671.7 668.9 730.0 655.9 677.0 616.6 5
Z.1, June 10, 2004 83

L.203 Net Interbank Transactions

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 219.4 189.4 202.4 221.2 191.4 205.9 175.5 123.8 163.7 202.9 123.9 1

 2 Monetary authority 75.8 68.4 90.6 63.4 64.8 70.4 65.3 67.3 69.5 71.0 65.9 2

 3 Depository institution reserves 30.8 26.3 24.0 19.0 17.5 22.5 26.8 27.7 29.1 23.1 25.0 3

 4 Vault cash 45.0 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 4

 5 Commercial banking 143.5 121.0 111.8 157.8 126.6 135.5 110.2 56.5 94.2 131.9 58.0 5

 6 To monetary authority 2.8 1.7 -0.0 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 6

 7 To banks in foreign countries, net 173.0 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 43.8 7

 8 Liabilities, net 188.8 156.7 149.8 171.6 127.3 141.1 110.2 64.9 99.4 138.7 63.7 8

 9 U.S.-chartered commercial banks 62.0 85.1 133.5 179.3 167.0 213.1 212.1 209.5 254.2 302.9 288.5 9

10 Due to foreign affiliates 173.1 196.7 226.7 302.0 324.8 323.9 342.5 407.4 423.2 447.7 449.5 10

11 - Due from foreign affiliates 111.1 111.6 93.2 122.7 157.8 110.8 130.4 197.9 169.1 144.7 161.0 11

12 Foreign banking offices in U.S. 148.6 92.9 41.7 -14.8 -50.2 -83.0 -103.7 -111.6 -121.8 -130.5 -190.7 12

13 Due to foreign affiliates 99.7 133.0 147.9 133.6 163.3 176.2 202.3 248.9 224.7 195.8 199.6 13

14 - Due from foreign affiliates -48.8 40.1 106.2 148.4 213.5 259.3 306.0 360.5 346.5 326.3 390.3 14

15 Bank holding companies -21.9 -21.3 -25.4 7.1 10.4 11.1 1.8 -32.9 -33.0 -33.8 -34.0 15

16 Due to foreign affiliates 3.0 2.9 8.3 39.3 51.4 53.4 44.0 13.2 12.3 13.2 14.4 16

17 - Due from foreign affiliates 24.9 24.2 33.8 32.2 41.0 42.4 42.2 46.2 45.3 47.0 48.4 17

18 Less: Deposits at foreign banks 15.8 10.8 9.5 10.5 11.8 21.4 18.1 15.4 23.0 18.5 19.9 18

19 U.S. chartered commercial banks 11.7 10.6 9.4 9.8 11.1 21.3 18.0 15.2 22.6 18.3 19.7 19

20 Foreign banking offices in U.S. 4.1 0.2 0.2 0.7 0.7 0.1 0.1 0.2 0.4 0.1 0.2 20

21 To U.S. banking, net -32.2 -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 21

22 U.S.-chartered commercial banks -50.2 -50.9 -67.3 -33.0 -17.8 0.2 -15.2 -61.5 -57.8 -65.2 -72.8 22

23 Liabilities 22.0 30.2 44.4 59.4 59.6 75.8 78.6 79.8 86.9 73.6 83.4 23

24 To foreign offices in U.S. 53.8 55.8 72.2 63.1 47.9 58.8 58.0 71.4 67.5 60.0 67.1 24

25 To bank holding companies 0.3 0.9 0.6 0.6 0.7 1.7 1.2 1.6 1.3 1.6 1.7 25

26 Unallocated -32.2 -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 26

 Less, due from:

27 Foreign offices in U.S. 57.6 56.3 78.9 86.0 89.5 90.3 100.8 104.4 105.1 97.9 115.2 27

28 Bank holding companies 14.6 24.8 32.8 6.4 -12.1 -14.7 -7.1 36.9 39.6 41.0 41.0 28

29 Foreign banking offices in U.S. 3.8 0.4 6.7 22.9 41.6 31.5 42.7 33.0 37.6 37.8 48.1 29

30 Due to U.S. banks 57.6 56.3 78.9 86.0 89.5 90.3 100.8 104.4 105.1 97.9 115.2 30

31 - Due from U.S. banks 53.8 55.8 72.2 63.1 47.9 58.8 58.0 71.4 67.5 60.0 67.1 31

32 Bank holding companies 14.3 23.9 32.1 5.8 -12.8 -16.4 -8.2 35.3 38.3 39.4 39.4 32

33 Due to U.S. banks 14.6 24.8 32.8 6.4 -12.1 -14.7 -7.1 36.9 39.6 41.0 41.0 33

34 - Due from U.S. banks 0.3 0.9 0.6 0.6 0.7 1.7 1.2 1.6 1.3 1.6 1.7 34

35 Total assets 251.6 215.9 230.8 225.5 180.3 190.5 156.2 117.0 145.6 190.9 109.2 35

36 Rest of the world 173.0 145.9 140.3 161.1 115.5 119.7 92.1 49.5 76.4 120.2 43.8 36

37 Domestic 78.6 70.0 90.6 64.4 64.8 70.8 64.1 67.5 69.2 70.7 65.4 37

38 Monetary authority 2.8 1.7 -0.0 1.0 0.0 0.5 -1.2 0.2 -0.3 -0.3 -0.5 38

39 Federal Reserve float 0.7 1.6 -0.2 0.9 -0.0 0.4 -1.2 -0.5 -0.5 -0.3 -0.6 39

40 Loans to member banks 2.0 0.0 0.2 0.1 0.0 0.0 0.0 0.8 0.2 0.1 0.1 40

41 Commercial banking 74.1 66.5 85.9 61.8 62.5 67.4 62.5 64.5 66.1 67.1 60.9 41

42 Reserves at Federal Reserve 29.1 24.4 19.3 17.4 15.2 19.5 24.0 25.0 25.7 19.1 19.9 42

43 Vault cash 45.0 42.1 66.6 44.4 47.3 47.8 38.5 39.5 40.4 47.9 41.0 43

44 Savings insts.: Reserves at Fed. Res. 1.8 1.9 4.7 1.7 2.3 3.0 2.8 2.7 3.4 3.9 5.1 44

45 Discrepancy--floats, etc. -32.2 -26.5 -28.5 -4.3 11.1 15.3 19.3 6.8 18.1 12.0 14.7 45
84 Z.1, June 10, 2004

L.204 Checkable Deposits and Currency

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 1286.1 1333.3 1484.5 1413.1 1603.2 1646.7 1680.4 1703.1 1670.6 1681.0 1651.1 1

 2 Monetary authority 443.5 481.8 590.4 555.2 603.1 644.6 654.7 662.1 665.5 682.5 681.4 2

 3 Federal government cash and deposits 5.7 6.2 28.5 5.6 7.1 4.8 7.1 7.3 7.6 6.0 6.3 3

 4 Deposits due to foreign 0.5 0.2 0.1 0.3 0.1 0.1 0.3 1.0 0.1 0.2 0.1 4

 5 Currency outside banks 437.4 475.4 561.8 549.3 596.0 639.7 647.3 653.8 657.8 676.3 675.1 5

 6 Commercial banking 656.4 622.9 626.4 540.9 628.8 571.4 575.6 575.2 526.5 502.8 456.4 6

 7 Federal government deposits 27.8 13.2 49.6 16.4 47.5 31.1 43.6 17.4 -6.8 -69.5 -123.3 7

 8 Deposits due to foreign 31.7 30.2 43.6 33.9 34.5 36.1 39.0 51.3 44.6 49.5 69.2 8

 9 Private domestic deposits 597.0 579.6 533.2 490.6 546.9 504.3 493.0 506.5 488.8 522.8 510.5 9

10 Savings institutions 149.5 185.6 222.3 265.8 316.5 370.9 384.2 399.5 413.9 428.3 443.0 10

11 Credit unions 36.6 43.0 45.4 51.3 54.7 59.7 65.9 66.4 64.8 67.4 70.3 11

12 Total assets 1286.1 1333.3 1484.5 1413.1 1603.2 1646.7 1680.4 1703.1 1670.6 1681.0 1651.1 12

13 Household sector 436.8 421.1 345.7 225.3 318.5 301.0 281.3 241.9 184.9 238.3 274.4 13

14 Nonfinancial business 415.1 472.5 567.8 674.9 626.5 649.2 648.5 717.2 779.6 784.1 746.0 14

15 Corporate 251.9 275.0 331.0 381.4 331.9 341.4 338.4 403.7 462.9 465.3 426.8 15

16 Nonfarm noncorporate 146.2 178.9 217.6 274.1 274.5 287.3 289.6 293.0 296.2 298.2 298.6 16

17 Farm 16.9 18.6 19.2 19.4 20.1 20.5 20.5 20.5 20.5 20.6 20.6 17

18 State and local governments 32.2 28.3 32.2 33.2 38.2 46.7 43.1 45.0 44.9 53.0 51.4 18

19 Federal government 41.6 23.2 87.9 24.3 66.9 47.5 23.3 41.8 53.3 54.1 22.7 19

20 Rest of the world 243.6 258.4 298.3 294.1 318.3 341.5 349.5 363.8 359.0 371.5 389.4 20

21 Checkable deposits 32.2 30.4 43.7 34.2 34.6 36.3 39.3 52.3 44.7 49.7 69.3 21

22 Currency 211.4 228.0 254.6 259.9 283.7 305.2 310.1 311.6 314.4 321.8 320.0 22

23 Financial sectors 98.7 110.5 140.0 139.6 218.6 236.5 273.1 270.4 266.2 251.7 262.0 23

24 Commercial banking 1.4 2.0 2.2 1.7 2.8 2.5 3.0 3.0 2.4 2.5 3.2 24

25 Savings institutions 15.2 18.4 17.4 19.0 21.0 24.7 23.9 27.4 25.9 24.3 25.0 25

26 Credit unions 8.1 9.1 26.4 26.7 36.8 38.4 54.8 52.4 45.6 41.5 50.4 26

27 Bank personal trusts and estates 0.8 0.3 0.3 0.2 0.7 0.0 0.1 0.2 0.3 0.4 0.5 27

28 Life insurance companies 8.1 5.4 5.5 5.0 36.8 35.3 43.8 43.4 44.8 27.7 27.8 28

29 Other insurance companies 4.2 4.0 4.3 3.7 13.1 25.9 30.2 36.1 35.1 34.5 34.0 29

30 Private pension funds 6.6 5.7 6.9 7.3 6.3 6.8 7.0 7.3 7.3 7.1 7.4 30

31 State and local govt. retirement funds 5.3 10.0 9.2 9.1 9.5 7.7 9.2 9.3 9.4 9.2 9.6 31

32 Money market mutual funds 1.5 -1.0 -2.2 2.2 4.6 -1.3 -1.7 -8.1 -6.5 -1.9 -10.7 32

33 Government-sponsored enterprises 1.9 4.4 11.8 2.1 3.9 14.0 18.2 14.6 14.7 14.8 16.8 33

34 Finance companies 20.6 22.8 25.3 27.9 30.8 33.8 34.6 35.4 36.2 37.1 37.9 34

35 REITs 3.3 4.1 4.4 4.3 5.2 4.6 5.8 5.7 7.2 7.4 7.7 35

36 Brokers and dealers 21.7 25.4 28.7 30.3 47.1 44.2 44.2 43.6 43.9 47.2 52.4 36

37 Mail float 18.1 19.3 12.5 21.7 16.2 24.2 61.6 23.0 -17.4 -71.7 -94.8 37
Z.1, June 10, 2004 85

L.205 Time and Savings Deposits 

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 3187.6 3431.8 3608.0 3912.9 4248.8 4570.2 4711.6 4797.8 4823.3 4861.8 5054.4 1

 2 Small time and savings deposits 2474.2 2626.5 2671.6 2860.4 3127.6 3398.7 3502.5 3575.2 3601.2 3628.3 3721.6 2

 3 Commercial banking 1761.5 1945.2 2017.1 2228.7 2478.1 2747.8 2833.5 2913.7 2935.5 2978.3 3079.5 3

 4 U.S.-chartered commercial banks 1738.0 1924.4 1997.4 2208.0 2448.3 2722.0 2808.5 2888.4 2908.8 2950.2 3050.4 4

 5 Foreign banking offices in U.S. 13.1 9.4 7.5 7.2 11.6 9.4 8.7 8.9 9.7 10.3 11.2 5

 6 Banks in U.S.-affiliated areas 10.4 11.4 12.2 13.6 18.1 16.4 16.3 16.3 17.0 17.8 17.8 6

 7 Savings institutions 448.2 393.9 354.7 318.9 288.2 256.5 251.8 238.0 240.9 226.0 218.3 7

 8 Credit unions 264.4 287.5 299.8 312.7 361.3 394.4 417.1 423.6 424.9 424.0 423.8 8

 9 Large time deposits (1) 713.4 805.3 936.4 1052.6 1121.1 1171.5 1209.1 1222.5 1222.1 1233.5 1332.8 9

10 Commercial banking 601.0 673.1 792.6 885.4 918.1 915.6 940.5 934.8 933.6 934.5 992.8 10

11 U.S.-chartered commercial banks 369.3 404.1 465.7 553.6 528.4 552.7 569.1 572.5 569.7 555.7 575.2 11

12 Foreign banking offices in U.S. 221.3 257.6 314.8 318.2 371.5 346.4 355.2 346.0 346.9 361.0 399.7 12

13 Banks in U.S.-affiliated areas 10.4 11.4 12.2 13.6 18.1 16.4 16.3 16.3 17.0 17.8 17.8 13

14 Savings institutions 98.1 113.7 122.2 142.1 168.9 213.1 224.5 237.6 238.3 245.5 285.4 14

15 Credit unions 14.4 18.5 21.6 25.1 34.1 42.8 44.1 50.1 50.3 53.6 54.7 15

16 Total assets 3187.6 3431.8 3608.0 3912.9 4248.8 4570.2 4711.6 4797.8 4823.3 4861.8 5054.4 16

17 Household sector 2566.0 2728.9 2837.0 3125.6 3377.1 3666.3 3795.1 3871.4 3947.8 3983.7 4195.5 17

18 Nonfinancial business 205.1 211.0 254.4 274.9 275.8 274.4 283.0 292.4 281.7 289.7 287.0 18

19 Corporate 119.4 112.6 136.9 137.3 131.1 127.5 137.2 145.6 134.6 141.1 139.3 19

20 Nonfarm noncorporate 85.7 98.5 117.5 137.6 144.7 146.9 145.8 146.8 147.0 148.6 147.7 20

21 State and local governments 78.4 91.1 102.1 111.5 119.2 136.3 145.7 146.3 150.4 158.5 167.4 21

22 Federal government 3.4 4.7 5.4 6.3 10.5 27.6 18.4 27.8 9.1 2.4 1.9 22

23 Rest of the world 73.6 86.6 101.6 103.5 83.3 95.3 102.8 100.6 72.0 91.6 61.2 23

24 Financial sectors 261.1 309.5 307.5 291.1 382.8 370.3 366.6 359.3 362.5 335.9 341.6 24

25 Savings institutions 1.0 1.5 1.3 1.4 2.2 2.6 2.6 2.7 2.7 2.6 3.0 25

26 Credit unions 17.0 23.4 16.6 15.5 23.0 24.5 28.7 27.6 27.3 26.4 27.5 26

27 Bank personal trusts and estates 10.0 7.8 8.7 8.9 11.7 11.1 13.3 15.4 17.6 19.8 22.0 27

28 Private pension funds 119.4 147.7 118.8 121.7 125.8 126.7 127.5 128.7 129.5 129.1 130.0 28

29 State and local govt. retirement funds 2.4 2.0 1.7 1.1 0.6 0.7 1.1 1.1 1.1 1.1 1.0 29

30 Money market mutual funds 111.3 127.0 160.4 142.4 219.5 204.6 193.4 183.8 184.4 156.9 158.2 30

(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 1042.5 1329.7 1578.8 1812.1 2240.7 2223.9 2156.1 2120.8 2058.0 2016.0 1971.9 1

 2 Household sector 582.3 712.9 825.0 970.7 1129.2 1086.2 1068.3 1023.5 994.2 986.5 983.6 2

 3 Nonfinancial corporate business 87.8 126.4 154.9 191.4 301.9 328.8 319.1 303.6 277.6 276.0 271.0 3

 4 Nonfarm noncorporate business 22.9 32.6 40.7 49.4 59.0 61.3 60.0 58.7 55.6 53.1 49.2 4

 5 Bank personal trusts and estates 37.4 46.2 53.7 60.6 52.8 54.1 51.8 49.5 47.2 44.9 42.7 5

 6 Life insurance companies 92.8 110.4 131.8 142.3 173.3 159.8 152.7 153.4 152.3 151.4 144.2 6

 7 Private pension funds 61.4 63.4 75.1 79.6 69.0 71.8 72.5 73.2 73.9 74.7 75.4 7

 8 Funding corporations 157.9 237.9 297.7 318.1 455.6 461.9 431.7 459.0 457.2 429.3 405.8 8
86 Z.1, June 10, 2004

L.207 Federal Funds and Security Repurchase Agreements

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 822.4 913.8 1083.6 1196.8 1231.8 1336.8 1323.1 1450.0 1483.2 1659.1 1773.5 1

 2 Commercial banking (net) 552.2 639.2 750.0 816.1 786.5 902.0 896.6 992.4 972.8 1069.2 1160.4 2

 3 U.S.-chartered commercial banks 471.7 538.4 667.0 682.4 663.9 737.4 698.7 786.6 802.9 905.6 990.3 3

 4 Foreign banking offices in U.S. 80.7 100.4 82.5 134.8 123.9 163.4 191.8 197.1 167.7 161.5 168.8 4

 5 Bank holding companies -0.2 0.4 0.5 -1.1 -1.2 1.2 6.2 8.8 2.2 2.1 1.2 5

 6 Savings institutions 41.8 51.3 72.7 66.7 72.4 57.4 60.8 64.6 65.6 77.5 74.1 6

 7 REITs 24.9 15.1 15.7 11.9 19.7 33.2 30.4 35.0 33.4 34.5 40.3 7

 8 Brokers and dealers (net) 203.5 208.2 245.2 302.2 353.2 344.2 335.2 358.0 411.4 477.9 498.8 8

 9 Total assets 649.5 683.1 821.1 821.9 902.1 997.9 944.1 1166.0 1198.1 1294.7 1401.0 9

10 Nonfinancial corporate business 4.6 4.2 5.8 4.2 4.0 6.2 5.8 6.5 7.5 5.7 6.5 10

11 State and local governments 151.4 158.5 163.5 183.3 169.9 167.7 170.5 179.9 185.9 197.6 208.2 11

12 Rest of the world 90.8 72.0 79.9 91.3 150.7 190.1 161.5 361.8 423.9 460.3 528.0 12

13 Financial sectors 402.7 448.4 571.8 543.1 577.6 633.9 606.4 617.9 580.9 631.1 658.3 13

14 Monetary authority 23.8 30.4 140.6 43.4 50.3 39.5 31.8 31.8 37.5 43.8 27.5 14

15 Savings institutions 9.2 14.8 10.6 14.9 27.4 27.1 29.7 25.6 24.8 21.0 31.2 15

16 Credit unions 3.5 6.8 9.3 4.0 2.5 1.7 4.4 2.4 2.8 1.6 4.3 16

17 Other insurance companies 35.2 42.7 28.3 38.3 30.2 44.4 42.0 48.8 51.0 52.8 56.2 17

18 Private pension funds 27.6 28.8 32.5 33.4 34.2 36.1 35.8 35.5 35.2 35.4 35.6 18

19 State and local govt. retirement funds 28.6 37.5 40.4 44.7 45.3 45.5 45.9 46.5 46.9 48.4 49.5 19

20 Money market mutual funds 126.6 139.5 139.6 183.0 227.0 273.2 262.1 258.7 229.0 251.4 269.0 20

21 Mutual funds 57.8 70.9 80.8 106.5 74.8 81.5 81.4 82.3 83.5 94.0 93.6 21

22 Government-sponsored enterprises 90.4 77.0 89.7 74.9 85.9 84.9 73.2 86.4 70.3 82.8 91.4 22

23 Discrepancy--unallocated assets 172.9 230.6 262.5 374.9 329.7 338.9 379.0 284.0 285.1 364.3 372.5 23

L.208 Open Market Paper

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

 1 Total outstanding, all types 979.4 1172.6 1402.4 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 1

 2 Commercial paper 958.5 1161.0 1393.8 1606.1 1461.4 1370.1 1354.4 1312.5 1290.2 1288.7 1336.5 2

 3 Nonfinancial corporate business 168.6 193.0 230.3 278.4 190.1 126.0 127.1 107.5 108.4 85.9 95.5 3

 4 Foreign issues in U.S. 65.1 72.9 89.2 120.9 106.7 142.8 155.7 173.1 160.4 165.1 190.0 4

 5 Nonfinancial 20.0 18.5 26.7 37.6 14.3 19.1 18.5 20.3 16.7 15.4 15.0 5

 6 Financial 45.0 54.4 62.5 83.3 92.4 123.7 137.1 152.8 143.7 149.6 174.9 6

 7 Financial business 724.8 895.2 1074.3 1206.7 1164.6 1101.3 1071.6 1031.9 1021.4 1037.7 1051.1 7

 8 Commercial banking 37.6 45.4 54.5 55.7 50.6 48.3 44.6 39.6 40.9 42.3 57.1 8

 9 ABS issuers 256.1 381.8 520.8 645.8 765.8 752.8 728.3 719.8 731.0 717.3 710.1 9

10 Finance companies 202.6 233.3 230.4 238.8 158.6 141.5 127.3 145.3 132.9 136.3 138.8 10

11 REITs 0.0 0.2 0.1 0.2 0.8 0.9 1.3 0.4 0.7 0.4 0.5 11

12 Funding corporations 228.5 234.4 268.5 266.2 188.8 157.7 170.2 126.9 115.9 141.5 144.6 12

13 Bankers acceptances (1) 20.9 11.5 8.6 7.9 4.8 4.6 4.8 4.6 4.3 4.4 3.9 13

14 Holdings, by sector 979.4 1172.6 1402.4 1614.0 1466.2 1374.7 1359.2 1317.1 1294.5 1293.1 1340.4 14

15 Household sector 56.1 63.7 67.7 72.6 41.8 47.6 53.7 46.1 47.7 43.5 48.9 15

16 Nonfinancial corporate business 36.1 39.4 47.6 57.8 60.2 64.7 62.5 71.6 80.7 79.9 80.9 16

17 State and local governments 74.0 102.0 108.9 131.5 105.0 101.2 96.6 93.2 82.0 68.8 71.5 17

18 Rest of the world 77.8 115.3 102.3 111.9 118.1 135.4 139.7 153.6 147.0 155.7 158.6 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) 2.7 1.1 1.4 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions 0.2 0.4 1.9 1.2 2.4 3.6 2.9 3.4 3.1 1.6 2.3 22

23 Bank personal trusts and estates 21.0 16.5 17.1 14.7 11.6 11.4 11.3 11.2 11.1 11.0 10.9 23

24 Life insurance companies 65.9 73.4 75.8 71.2 59.3 74.0 79.2 76.4 79.0 74.1 79.6 24

25 Private pension funds 31.3 34.3 41.3 39.6 37.4 48.3 48.1 46.2 45.9 42.3 42.4 25

26 State and local govt. retirement funds 28.6 37.5 40.4 44.7 45.3 45.5 45.9 46.5 46.9 43.4 44.5 26

27 Money market mutual funds 336.0 414.2 519.0 608.6 638.9 594.0 543.5 517.7 471.7 458.9 432.2 27

28 Mutual funds 57.8 70.9 80.8 106.5 74.8 63.0 62.8 63.9 65.2 75.8 75.3 28

29 Government-sponsored enterprises 34.0 60.9 33.8 44.7 80.3 52.2 51.1 55.2 46.5 50.6 52.3 29

30 Brokers and dealers 24.3 28.0 26.0 39.2 48.2 43.5 46.7 41.9 46.1 49.4 48.6 30

31 Funding corporations 133.6 114.7 238.4 268.2 143.0 90.3 115.3 90.3 121.8 138.1 192.5 31

(1) Excludes banks’ holdings of own acceptances.
Z.1, June 10, 2004 87

L.209 Treasury Securities

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 1

 2 Savings bonds 186.5 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 2

 3 Other Treasury issues 3591.8 3537.0 3466.2 3173.0 3162.4 3414.9 3476.8 3580.8 3686.0 3804.4 3939.4 3

 4 Total assets 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 3673.7 3779.9 3887.5 4008.2 4143.8 4

 5 Household sector 736.1 697.8 798.7 594.6 506.3 404.9 447.8 508.2 485.4 483.0 446.4 5

 6 Savings bonds 186.5 186.6 186.4 184.8 190.3 194.9 196.9 199.1 201.5 203.8 204.4 6

 7 Other Treasury issues 549.6 511.2 612.3 409.8 316.0 210.0 250.9 309.1 283.9 279.2 242.0 7

 8 Nonfinancial corporate business 26.8 23.6 19.4 18.1 16.5 31.3 35.5 36.7 35.8 33.6 31.0 8

 9 Nonfarm noncorporate business 32.2 38.0 37.2 40.2 42.8 45.2 45.1 46.3 46.8 47.5 48.1 9

10 State and local governments 239.3 269.3 266.8 237.7 287.9 310.0 301.2 313.5 318.4 336.2 339.4 10

11 Rest of the world 1165.7 1185.0 1080.4 1026.1 1039.7 1214.2 1250.6 1343.1 1410.0 1482.7 1652.7 11

12 Monetary authority 430.7 452.1 478.0 511.7 551.7 629.4 641.5 652.1 656.1 666.7 674.1 12

13 Commercial banking 270.1 214.1 228.9 184.5 162.7 205.8 136.7 127.2 127.5 133.8 145.4 13

14 U.S.-chartered commercial banks 166.8 124.8 122.8 87.9 56.5 86.4 89.3 77.9 81.2 93.5 102.6 14

15 Foreign banking offices in U.S. 95.1 84.8 94.5 94.0 103.8 116.7 44.3 44.5 40.1 34.2 36.6 15

16 Bank holding companies 4.0 0.9 8.8 0.8 1.2 1.3 1.3 2.4 3.0 2.7 2.1 16

17 Banks in U.S.-affiliated areas 4.2 3.6 2.8 1.8 1.2 1.5 1.7 2.4 3.2 3.4 4.0 17

18 Savings institutions 14.6 10.2 10.1 8.7 11.4 9.2 9.2 10.0 11.2 12.2 12.2 18

19 Credit unions 15.6 13.1 9.6 8.2 7.4 7.8 7.3 8.7 9.1 8.9 8.5 19

20 Bank personal trusts and estates 20.4 17.3 17.3 16.3 11.5 11.2 11.1 11.0 10.9 10.9 10.9 20

21 Life insurance companies 85.5 71.3 62.8 58.1 53.7 78.5 81.4 83.5 84.6 83.1 83.6 21

22 Other insurance companies 91.1 70.4 60.6 52.1 52.0 61.2 62.6 64.0 65.8 68.4 69.8 22

23 Private pension funds 118.3 85.1 87.5 77.9 56.2 54.9 54.9 55.8 53.7 52.7 53.3 23

24 State and local govt. retirement funds 253.2 254.0 247.4 231.9 213.6 212.5 213.5 218.8 213.3 207.2 205.3 24

25 Federal government retirement funds 25.8 28.1 31.0 33.0 40.2 49.6 53.4 53.9 54.6 54.3 54.8 25

26 Money market mutual funds 86.2 103.6 103.8 90.4 135.7 140.2 148.2 144.2 134.2 130.2 125.7 26

27 Mutual funds 136.4 141.0 117.3 123.6 115.1 134.7 142.8 152.2 147.2 144.1 147.0 27

28 Closed-end funds 9.8 8.8 7.6 6.7 6.7 3.9 4.0 4.7 5.1 5.3 6.7 28

29 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 2.0 1.5 1.3 1.8 2.1 3.0 29

30 Government-sponsored enterprises 25.9 25.2 30.9 41.2 31.8 7.2 8.0 7.9 7.8 7.4 6.5 30

31 Brokers and dealers -5.3 15.8 -42.6 -3.3 9.8 -3.9 17.5 -63.2 8.1 37.8 19.6 31

 Memo:

32 Federal government debt (1) 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 3700.6 3806.9 3914.5 4033.1 4168.9 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, June 10, 2004

L.210 Agency- and GSE-backed Securities (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 2847.6 3320.5 3912.2 4344.8 4970.9 5525.4 5641.9 5754.5 5945.4 6085.9 6116.4 1

 2 Budget agencies 26.5 28.5 28.3 27.3 26.8 27.3 26.9 27.0 27.0 24.9 25.1 2

 3 Government-sponsored enterprises 995.3 1273.6 1591.7 1825.8 2114.0 2339.9 2388.7 2438.7 2548.1 2573.0 2582.1 3

 4 Agency- and GSE-backed mortgage pools 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 4

 5 Total assets 2847.6 3320.5 3912.2 4344.8 4970.9 5525.4 5641.9 5754.5 5945.4 6085.9 6116.4 5

 6 Household sector 219.6 253.3 352.4 423.5 372.3 220.4 209.6 186.0 335.7 477.4 379.2 6

 7 Nonfinancial corporate business 8.0 10.6 12.4 15.4 17.2 15.9 15.9 13.6 13.3 12.4 10.4 7

 8 State and local governments 115.4 179.0 190.0 172.0 191.9 194.0 191.0 194.0 198.1 202.6 200.2 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 209.4 227.8 300.2 445.2 553.8 669.4 676.7 678.2 637.1 646.1 708.8 10

11 Monetary authority 0.7 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Commercial banking 571.2 663.2 699.6 721.8 777.4 917.9 961.2 1035.0 967.8 999.5 1094.6 12

13 U.S.-chartered commercial banks 497.2 578.9 608.3 626.5 700.2 821.3 866.4 936.0 872.5 906.4 1001.0 13

14 Foreign banking offices in U.S. 62.2 67.4 72.4 72.7 50.7 61.6 60.0 63.1 54.8 52.5 51.1 14

15 Bank holding companies 5.5 6.6 5.4 4.8 6.2 10.7 11.4 10.9 12.2 11.6 12.5 15

16 Banks in U.S.-affiliated areas 6.3 10.2 13.5 17.8 20.3 24.2 23.4 25.0 28.3 28.9 29.9 16

17 Savings institutions 155.3 143.7 147.1 140.4 161.4 176.2 186.1 192.4 193.3 198.7 228.4 17

18 Credit unions 51.0 58.4 61.3 60.9 80.6 97.3 107.2 116.2 125.7 115.5 120.3 18

19 Bank personal trusts and estates 40.8 39.4 45.2 45.5 35.1 34.2 33.6 32.9 32.2 31.6 31.7 19

20 Life insurance companies 226.7 217.0 224.4 235.4 253.5 330.9 341.3 351.1 356.0 361.0 361.5 20

21 Other insurance companies 70.8 69.7 75.5 84.1 94.2 113.2 115.6 118.0 121.5 126.3 127.2 21

22 Private pension funds 211.4 194.8 233.0 242.0 249.9 251.7 250.7 251.3 246.7 246.4 247.7 22

23 State and local govt. retirement funds 87.0 106.1 129.0 166.6 152.1 151.8 151.1 151.7 154.8 159.8 158.0 23

24 Federal government retirement funds 1.0 1.3 1.3 1.4 3.1 5.5 7.7 7.7 7.1 6.5 6.3 24

25 Money market mutual funds 96.3 173.8 190.9 185.2 318.4 324.1 318.1 326.9 350.9 326.2 300.0 25

26 Mutual funds 213.3 234.9 271.1 275.2 360.5 422.0 435.0 451.9 444.4 447.3 456.1 26

27 Government-sponsored enterprises 326.5 489.6 668.3 813.3 998.7 1181.5 1198.1 1187.2 1330.2 1313.7 1289.2 27

28 ABS issuers 171.6 193.5 230.3 238.6 252.8 299.4 290.4 294.9 322.5 308.2 273.5 28

29 REITs 21.2 13.1 14.2 14.5 20.2 28.3 24.5 26.3 22.4 23.0 29.3 29

30 Brokers and dealers 50.4 50.9 66.0 63.7 77.8 91.8 128.1 139.4 85.8 83.7 93.8 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, June 10, 2004 89

L.211 Municipal Securities and Loans

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 1318.7 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.5 1943.3 1

 2 State and local governments 1061.8 1128.2 1167.1 1183.6 1289.2 1432.6 1456.6 1511.4 1520.1 1550.0 1591.3 2

 3 Short-term (1) 47.5 41.2 43.7 45.1 69.0 94.2 92.8 92.4 95.2 100.7 102.5 3

 4 Long-term 1014.3 1087.1 1123.4 1138.5 1220.2 1338.4 1363.8 1418.9 1425.0 1449.3 1488.8 4

 5 Nonprofit organizations (2) 114.9 126.9 137.3 143.0 156.9 169.8 173.6 177.3 180.6 184.4 187.3 5

 6 Nonfinancial corporate business 142.0 147.8 152.8 154.2 157.7 160.8 160.9 162.0 162.8 164.1 164.6 6

 (industrial revenue bonds)

 7 Total assets 1318.7 1402.9 1457.2 1480.9 1603.7 1763.1 1791.1 1850.7 1863.5 1898.5 1943.3 7

 8 Household sector 420.5 426.6 450.2 460.7 511.9 614.6 621.7 653.9 650.5 669.8 695.9 8

 9 Nonfinancial corporate business 27.4 25.7 25.0 31.9 29.3 32.6 31.8 31.3 35.1 38.8 35.4 9

10 Nonfarm noncorporate business 3.2 2.8 2.7 2.4 3.5 3.7 3.8 3.8 3.9 3.9 4.0 10

11 State and local governments 3.9 2.5 1.0 1.6 1.9 0.5 1.2 1.6 2.9 4.3 4.7 11

12 Commercial banking 96.7 104.8 110.8 114.1 120.2 121.7 123.2 127.1 131.9 132.5 133.9 12

13 Savings institutions 2.1 2.5 3.0 3.2 4.5 5.5 5.5 5.8 6.3 6.3 6.5 13

14 Bank personal trusts and estates 90.7 89.5 100.3 99.1 95.6 100.9 100.3 99.6 98.9 98.4 99.7 14

15 Life insurance companies 16.7 18.4 20.1 19.1 18.7 19.9 20.2 20.9 21.2 21.4 21.5 15

16 Other insurance companies 191.6 208.1 199.0 184.1 173.8 183.0 187.5 191.4 197.1 204.6 208.7 16

17 State and local govt. retirement funds 1.5 3.3 3.0 1.6 1.4 0.5 0.6 0.5 0.6 0.6 0.7 17

18 Money market mutual funds 167.0 193.0 210.4 244.7 281.0 282.8 292.7 299.0 296.5 297.3 306.7 18

19 Mutual funds 219.8 242.6 239.4 230.5 253.4 277.3 282.8 292.3 289.8 290.2 295.2 19

20 Closed-end funds 59.4 60.7 69.7 67.7 74.7 86.0 87.1 86.7 88.8 89.3 88.8 20

21 Government-sponsored enterprises 5.2 9.2 10.6 8.8 14.8 13.1 13.4 14.5 15.8 16.3 16.3 21

22 Brokers and dealers 13.2 13.1 11.9 11.3 19.0 21.0 19.2 22.1 24.1 24.9 25.3 22

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).

L.212 Corporate and Foreign Bonds

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

 1 Total liabilities 3596.9 4142.6 4553.0 4924.0 5510.5 5942.3 6116.8 6273.0 6369.4 6523.8 6629.5 1

 2 Nonfinancial corporate business 1610.9 1846.0 2067.7 2230.3 2578.8 2711.0 2757.7 2832.0 2856.0 2873.4 2899.3 2

 3 Rest of the world (1) 427.7 450.6 452.5 467.7 443.2 409.8 402.5 377.0 375.6 382.6 376.9 3

 4 Financial sectors 1558.3 1846.0 2032.7 2226.0 2488.4 2821.5 2956.5 3064.1 3137.9 3267.8 3353.3 4

 5 Commercial banking 192.6 220.2 240.6 273.2 310.2 332.2 352.9 359.7 361.2 379.1 389.1 5

 6 Savings institutions 2.8 2.6 2.7 6.3 3.6 3.4 4.8 4.8 5.0 5.1 6.0 6

 7 ABS issuers 810.2 983.5 1036.0 1097.9 1231.9 1438.4 1521.3 1587.3 1616.2 1679.2 1709.9 7

 8 Finance companies 341.5 365.6 430.3 503.2 569.9 631.9 645.4 672.5 705.8 746.2 761.8 8

 9 REITs 31.6 53.4 62.2 67.0 70.8 84.9 89.3 93.6 100.4 105.7 115.7 9

10 Brokers and dealers 35.3 42.5 25.3 40.9 42.3 40.6 50.2 46.2 48.6 47.0 60.0 10

11 Funding corporations 144.2 178.2 235.5 237.5 259.7 290.1 292.6 299.9 300.7 305.5 310.8 11

12 Total assets 3596.9 4142.6 4553.0 4924.0 5510.5 5942.3 6116.8 6273.0 6369.4 6523.8 6629.5 12

13 Household sector 560.2 651.4 594.8 576.4 571.8 600.1 512.7 454.6 412.5 379.5 356.6 13

14 State and local governments 51.0 61.2 71.3 73.0 84.9 86.7 81.5 83.9 87.6 90.7 88.3 14

15 Rest of the world (2) 501.6 607.8 752.1 920.6 1126.3 1291.9 1353.6 1421.5 1480.3 1547.0 1611.6 15

16 Commercial banking 143.1 180.9 220.5 278.6 376.4 379.1 470.8 473.3 483.1 506.4 524.6 16

17 Savings institutions 58.7 88.6 111.9 109.4 83.9 79.9 81.9 75.4 68.6 71.1 65.1 17

18 Bank personal trusts and estates 31.1 28.5 39.8 44.9 38.3 35.6 36.5 37.5 38.5 39.5 41.2 18

19 Life insurance companies 1046.0 1130.4 1173.2 1222.2 1342.4 1449.3 1499.6 1546.1 1570.3 1599.2 1616.1 19

20 Other insurance companies 159.5 171.1 181.1 187.5 196.4 198.9 204.6 209.4 215.6 222.7 227.1 20

21 Private pension funds 276.5 297.5 347.5 352.5 351.4 359.4 362.0 367.8 371.5 374.9 383.2 21

22 State and local govt. retirement funds 244.5 279.6 310.0 339.7 351.1 360.5 357.5 354.4 356.4 362.5 363.2 22

23 Federal government retirement funds 0.6 0.8 0.8 0.8 1.6 2.8 3.9 3.9 3.6 3.3 3.2 23

24 Money market mutual funds 36.4 81.2 123.7 161.9 163.0 170.7 183.0 192.5 184.9 185.9 180.0 24

25 Mutual funds 273.8 339.0 368.2 361.9 420.1 470.9 492.1 520.6 531.9 548.3 574.9 25

26 Closed-end funds 27.1 31.8 33.5 30.9 27.1 27.1 32.5 47.2 55.4 58.7 60.0 26

27 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 1.8 1.9 2.3 2.2 2.4 2.8 27

28 Government-sponsored enterprises 47.1 67.8 91.5 117.2 132.7 139.7 150.2 158.2 156.9 150.1 148.1 28

29 REITs 6.5 6.1 5.7 4.9 7.0 11.7 12.5 11.4 13.4 13.9 16.0 29

30 Brokers and dealers 100.0 81.4 93.4 112.7 161.3 192.0 179.4 201.0 210.8 228.4 225.6 30

31 Funding corporations 33.1 37.6 33.8 28.9 74.8 84.4 100.7 112.1 126.1 139.3 142.0 31

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.
90 Z.1, June 10, 2004

L.213 Corporate Equities (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Issues at market value 13292.8 15547.3 19522.8 17627.0 15310.6 11870.9 11424.8 13275.0 13746.6 15472.7 15782.9 1

 2 Nonfinancial corporate business 9765.7 11577.8 15155.6 12678.8 10796.2 7906.9 7646.1 8820.3 9042.0 10139.5 10206.6 2

 3 Rest of the world (2) 1207.8 1475.0 2003.7 1852.9 1612.7 1345.2 1270.2 1516.9 1661.3 1949.0 2040.1 3

 4 Financial corporations 2319.3 2494.5 2363.4 3095.3 2901.8 2618.8 2508.5 2937.8 3043.3 3384.2 3536.2 4

 5 Holdings at market value 13292.8 15547.3 19522.8 17627.0 15310.6 11870.9 11424.8 13275.0 13746.6 15472.7 15782.9 5

 6 Household sector 6238.9 7069.7 9234.7 7650.1 6341.6 4727.3 4555.2 5194.7 5315.9 5901.0 5828.2 6

 7 State and local governments 79.0 102.0 115.0 115.1 126.3 112.9 104.7 119.9 122.0 138.0 140.0 7

 8 Rest of the world (3) 952.9 1250.3 1611.5 1625.6 1533.9 1222.7 1154.1 1363.8 1394.9 1619.8 1655.4 8

 9 Commercial banking 2.6 6.8 11.3 11.9 8.9 3.5 2.0 6.7 9.7 15.1 16.0 9

10 Savings institutions 23.3 24.5 23.8 24.2 27.9 29.1 29.9 30.6 31.1 30.4 28.2 10

11 Bank personal trusts and estates 362.2 360.1 407.3 356.8 280.7 181.1 170.1 192.7 194.4 213.1 218.3 11

12 Life insurance companies 539.7 683.2 909.0 891.9 811.3 708.9 706.7 809.4 844.6 928.6 966.9 12

13 Other insurance companies 186.0 200.1 207.9 194.3 173.9 152.3 147.4 162.9 167.3 182.7 186.9 13

14 Private pension funds 1666.6 1947.9 2081.2 1956.1 1697.8 1288.2 1243.7 1449.3 1514.1 1709.2 1747.1 14

15 State and local govt. retirement funds 1084.8 1233.9 1343.2 1335.1 1221.9 1001.6 970.7 1130.4 1158.4 1304.5 1334.3 15

16 Federal government retirement funds 29.9 44.9 59.1 59.1 51.4 48.5 52.3 63.1 69.4 79.9 86.7 16

17 Mutual funds 2018.7 2506.2 3376.7 3227.3 2836.1 2188.0 2089.1 2506.6 2677.5 3051.6 3246.3 17

18 Closed-end funds 49.6 47.6 41.3 36.6 31.1 33.7 33.9 39.6 45.1 51.9 59.4 18

19 Exchange-traded funds 6.7 15.6 33.9 65.6 83.0 98.2 97.2 117.7 115.5 146.3 155.6 19

20 Brokers and dealers 51.9 54.4 66.9 77.2 85.1 74.9 67.7 87.6 86.8 100.5 113.7 20

 Memo:

21 Market value of domestic corporations (4) 11788.1 13747.8 17158.0 15388.5 13316.1 10163.0 9806.5 11343.6 11660.9 13027.2 13211.2 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

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

 1 Shares at market value 2989.4 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4890.4 1

 2 Holdings at market value 2989.4 3613.1 4538.5 4435.3 4135.5 3638.4 3587.8 4071.6 4242.6 4653.2 4890.4 2

 3 Household sector 1957.7 2394.9 2983.2 2900.1 2743.6 2434.5 2421.1 2750.0 2891.3 3165.9 3365.6 3

 4 Nonfinancial corporate business 75.0 98.0 127.0 124.0 111.0 97.0 92.5 106.2 108.5 121.0 122.5 4

 5 State and local governments 33.6 21.3 25.6 26.4 31.5 33.5 35.7 34.9 33.5 30.5 26.2 5

 6 Commercial banking 8.1 9.1 12.4 15.0 21.3 19.6 13.5 16.3 14.5 17.1 16.2 6

 7 Credit unions 2.4 3.6 2.5 2.2 3.7 3.5 3.4 4.5 5.0 4.1 4.2 7

 8 Bank personal trusts and estates 285.7 344.7 391.5 396.8 359.1 339.1 327.1 360.0 364.5 391.2 403.0 8

 9 Life insurance companies 57.2 73.2 98.7 97.0 88.3 76.6 75.5 85.5 90.3 98.9 102.4 9

10 Private pension funds 569.6 668.2 897.6 873.7 776.9 634.6 618.9 714.3 735.0 824.5 850.3 10
Z.1, June 10, 2004 91

L.215 Bank Loans Not Elsewhere Classified

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 Total loans by commercial

 1 banking, flow of funds basis 3052.9 3304.6 3505.1 3874.8 3944.4 4163.8 4184.4 4272.8 4327.0 4398.3 4472.5 1

 - Loans elsewhere classified:

 2 Open market paper 2.7 1.1 1.4 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Mortgages 1245.3 1337.0 1495.4 1660.1 1789.8 2058.3 2099.4 2193.1 2263.9 2256.0 2329.5 3

 4 Consumer credit 512.6 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 4

 5 Security credit 122.5 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 5

 6 = Banking sector total bank loans n.e.c. 1169.8 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.3 1292.4 1279.1 6

 7 U.S.-chartered commercial banks 867.9 1012.0 1104.3 1202.4 1140.5 1081.9 1050.6 1039.3 1029.5 1045.5 1034.7 7

 8 Foreign banking offices in U.S. 284.0 282.4 260.0 274.6 256.1 237.5 231.2 223.1 205.7 220.4 217.2 8

 9 Bank holding companies 2.4 4.1 2.6 1.6 1.9 2.9 2.6 6.7 6.8 7.9 8.1 9

10 Banks in U.S.-affiliated areas 15.5 16.3 16.9 18.0 22.5 18.1 17.9 18.2 18.2 18.6 19.1 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. 1169.8 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.3 1292.4 1279.1 12

13 Total liabilities 1169.8 1314.8 1383.8 1496.6 1421.0 1340.4 1302.3 1287.2 1260.3 1292.4 1279.1 13

14 Nonfinancial sectors 1092.5 1209.0 1292.3 1405.5 1316.8 1235.0 1209.4 1188.6 1157.6 1192.4 1175.0 14

15 Households 66.5 74.2 67.3 74.1 57.6 54.6 50.9 61.1 51.9 94.7 92.7 15

16 Corporate business 692.7 768.8 813.0 861.0 758.3 661.9 649.2 632.1 615.0 612.5 607.0 16

17 Nonfarm noncorporate business 237.3 262.1 308.6 352.9 390.7 404.1 398.3 390.7 384.2 378.8 373.5 17

18 Farm business 43.9 45.1 44.2 46.9 46.9 46.0 43.4 45.0 45.4 45.5 42.9 18

19 Rest of the world 52.1 58.7 59.2 70.5 63.2 68.6 67.6 59.7 61.0 60.9 58.9 19

20 Foreign official institutions 2.1 2.8 3.0 3.5 4.3 5.1 4.7 4.7 4.4 4.6 4.9 20

21 Foreign banks 13.8 13.1 9.9 13.2 5.9 5.1 5.5 4.9 3.9 3.7 4.4 21

22 Other foreign 36.3 42.8 46.4 53.8 53.1 58.4 57.4 50.1 52.8 52.7 49.5 22

23 Financial sectors 77.3 105.8 91.5 91.1 104.2 105.3 92.9 98.7 102.8 100.0 104.2 23

24 Savings institutions 19.4 29.7 14.0 21.5 23.0 27.2 15.1 15.9 15.4 13.9 14.3 24

25 Finance companies 24.2 26.5 35.4 35.9 50.8 48.0 47.3 53.2 57.6 56.2 60.5 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 33.6 26.0 17.7 14.4 14.1 14.5 13.5 13.7 13.9 13.3 27
92 Z.1, June 10, 2004

L.216 Other Loans and Advances

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total other loans and advances 1019.0 1171.9 1299.9 1420.7 1460.7 1495.3 1507.6 1516.4 1506.6 1528.0 1540.7 1

 2 U.S. government loans 134.8 138.4 131.5 127.9 121.9 118.5 118.6 117.9 117.1 117.0 116.8 2

 3 Liab.: Household sector 17.9 17.6 17.2 16.6 15.0 14.2 14.0 13.8 13.6 13.5 13.3 3

 4 Nonfinancial corporate business 8.4 8.3 8.0 7.6 7.4 7.0 7.3 7.5 7.6 7.8 8.0 4

 5 Nonfarm noncorporate business 40.9 44.8 43.9 42.8 39.6 38.9 39.1 39.4 39.5 39.6 40.1 5

 6 Farm business 5.5 5.1 4.9 5.0 5.0 4.7 4.7 4.6 4.5 4.5 4.4 6

 7 State and local governments 8.9 10.1 9.7 8.7 8.9 9.4 9.5 9.6 9.6 9.7 9.7 7

 8 Rest of the world 53.2 52.4 47.8 47.2 46.0 44.3 44.0 43.1 42.3 42.0 41.4 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 143.3 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 111.9 10

11 Liab.: Nonfinancial corporate business 143.3 142.3 119.5 117.3 115.7 125.8 115.0 126.1 125.2 125.0 111.9 11

 Customers’ liability on acceptances

12 outstanding (bank asset) 20.6 11.3 8.2 7.5 4.6 4.6 4.8 4.5 4.3 4.4 3.9 12

13 Liab.: Nonfinancial corporate business 10.8 6.6 4.4 4.3 4.1 4.4 4.7 4.4 4.2 4.2 3.7 13

14 Rest of the world 9.7 4.7 3.9 3.1 0.5 0.2 0.1 0.1 0.1 0.2 0.1 14

15 Savings institution loans to business 18.8 24.2 30.6 39.3 42.9 46.2 47.4 48.2 57.4 56.3 49.6 15

16 Liab.: Nonfinancial corporate business 9.4 12.1 15.3 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 16

17 Nonfarm noncorporate business 9.4 12.1 15.3 19.7 21.5 23.1 23.7 24.1 28.7 28.1 24.8 17

18 Policy loans (Household liability) 104.6 104.7 100.0 102.8 105.0 106.1 105.7 106.0 105.5 105.6 105.9 18

19 Asset: Federal government 1.0 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 19

20 Life insurance companies 103.7 103.8 99.0 101.9 104.1 105.1 104.7 105.0 104.6 104.7 104.9 20

21 Government-sponsored enterprise loans 230.7 324.2 432.3 477.6 515.3 533.8 549.8 549.4 548.8 558.5 575.6 21

22 Liab.: Household sector (SLMA) 0.7 0.6 0.7 0.4 0.4 0.2 0.2 0.2 0.2 0.2 0.2 22

23 Noncorporate business (FCS) 16.5 17.1 17.9 19.5 19.5 20.1 20.4 19.2 18.5 19.8 21.3 23

24 Farm business (FCS) 15.1 17.8 17.9 19.4 22.3 23.7 22.7 23.6 24.0 24.0 22.9 24

25 Commercial banks (FHLB and SLMA) 58.1 104.9 145.6 172.4 196.6 226.9 225.3 235.6 232.5 235.5 253.5 25

26 Savings institutions (FHLB and SLMA) 138.0 180.1 243.7 260.0 268.5 250.8 267.3 256.2 257.5 261.8 261.2 26

27 Credit unions (FHLB) 0.6 1.1 3.4 3.4 4.9 6.9 7.6 8.0 8.8 9.1 8.4 27

28 Life insurance companies (FHLB) 1.8 2.5 3.2 2.5 3.1 5.1 6.3 6.6 7.4 8.0 8.1 28

29 Securitized loans held by ABS issuers 62.1 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 29

30 Liab.: Nonfinancial corporate business 62.1 85.9 82.6 89.8 108.3 105.0 112.5 108.4 102.7 103.9 101.3 30

31 Finance company loans to business 304.1 340.9 395.1 458.4 447.0 455.3 453.9 455.8 445.6 457.5 475.6 31

32 Liab.: Nonfinancial corporate business 273.7 306.8 355.6 412.6 402.3 409.7 408.5 410.2 401.0 411.7 428.0 32

33 Nonfarm noncorporate business 30.4 34.1 39.5 45.8 44.7 45.5 45.4 45.6 44.6 45.7 47.6 33
Z.1, June 10, 2004 93

L.217 Total Mortgages

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total mortgages 5162.7 5655.0 6255.7 6821.1 7508.8 8354.8 8579.9 8872.7 9140.3 9366.2 9617.5 1

 2 Home 3939.5 4306.1 4727.5 5142.5 5664.6 6353.2 6546.3 6788.9 7005.0 7171.2 7375.9 2

 3 Multifamily residential 300.1 331.3 368.7 400.8 445.9 489.0 497.1 510.6 523.9 544.2 550.8 3

 4 Commercial 833.1 921.0 1057.2 1168.9 1282.0 1387.8 1409.5 1444.0 1480.9 1518.6 1556.7 4

 5 Farm 90.0 96.6 102.3 108.9 116.3 124.8 127.0 129.2 130.4 132.2 134.1 5

 6 Total liabilities 5162.7 5655.0 6255.7 6821.1 7508.8 8354.8 8579.9 8872.7 9140.3 9366.2 9617.5 6

 7 Household sector 3874.5 4194.5 4574.2 4958.1 5456.8 6105.8 6288.2 6513.3 6719.7 6850.1 7044.7 7

 8 Nonfinancial business 1241.4 1388.8 1604.8 1780.0 1967.8 2158.9 2202.5 2269.4 2328.6 2422.4 2474.9 8

 9 Corporate 260.5 257.2 332.3 363.5 422.6 472.8 483.1 505.9 524.3 569.8 586.5 9

10 Nonfarm noncorporate 890.9 1035.1 1170.1 1307.6 1428.8 1561.3 1592.4 1634.3 1673.9 1720.4 1754.4 10

11 Farm 90.0 96.6 102.3 108.9 116.3 124.8 127.0 129.2 130.4 132.2 134.1 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 46.8 71.6 76.7 82.9 84.2 90.1 89.2 90.1 92.0 93.7 97.9 13

14 Total assets 5162.7 5655.0 6255.7 6821.1 7508.8 8354.8 8579.9 8872.7 9140.3 9366.2 9617.5 14

15 Household sector 101.1 98.2 106.5 117.7 125.7 136.5 139.3 142.1 144.9 147.7 150.7 15

16 Nonfinancial corporate business 80.2 67.3 41.2 43.5 46.6 48.7 49.2 49.7 50.2 50.7 51.2 16

17 Nonfarm noncorporate business 18.7 26.7 24.7 23.3 26.6 27.8 27.7 27.5 27.1 26.6 26.0 17

18 State and local governments 121.3 125.4 129.8 134.3 139.0 143.9 145.2 146.5 147.8 149.1 150.5 18

19 Federal government 45.7 44.9 77.7 76.9 75.8 76.3 73.9 74.0 73.6 73.8 75.8 19

20 Commercial banking 1245.3 1337.0 1495.4 1660.1 1789.8 2058.3 2099.4 2193.1 2263.9 2256.0 2329.5 20

21 Savings institutions (1) 631.8 644.0 668.1 723.0 758.2 781.4 815.9 833.6 852.1 870.9 927.5 21

22 Credit unions 86.0 96.9 111.0 124.9 141.3 159.4 162.4 168.4 176.5 182.6 185.4 22

23 Bank personal trusts and estates 3.0 2.8 2.2 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 23

24 Life insurance companies 206.8 213.6 230.8 235.9 243.0 250.0 251.1 254.3 257.1 260.3 261.5 24

25 Other insurance companies 2.2 2.0 1.9 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 25

26 Private pension funds 9.7 9.3 11.0 12.2 13.5 15.2 15.6 16.2 16.7 17.2 17.9 26

27 State and local govt. retirement funds 17.6 24.1 21.5 21.5 24.9 31.6 33.9 36.3 39.0 41.9 45.0 27

28 Government-sponsored enterprises (1) 239.4 246.8 242.0 264.2 296.9 356.5 381.1 415.3 450.5 461.8 466.1 28

29 Agency- and GSE-backed mortgage pools 1825.8 2018.4 2292.2 2491.6 2830.1 3158.2 3226.3 3288.8 3370.3 3488.0 3509.2 29

30 ABS issuers 376.3 517.9 598.7 667.4 784.3 874.4 922.2 974.0 999.9 1058.9 1127.2 30

31 Finance companies 96.5 121.2 145.8 172.3 161.3 174.5 173.9 183.4 194.7 198.9 206.2 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 22.9 26.3 23.0 16.3 15.2 25.7 26.5 33.5 40.1 45.5 51.7 33

(1) FHLB loans to savings institutions are included in other loans and advances.
94 Z.1, June 10, 2004

L.218 Home Mortgages (1)

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 3939.5 4306.1 4727.5 5142.5 5664.6 6353.2 6546.3 6788.9 7005.0 7171.2 7375.9 1

 2 Household sector 3779.3 4090.8 4463.9 4837.4 5314.7 5953.1 6131.6 6356.8 6558.1 6709.2 6897.8 2

 3 Nonfinancial corporate business 8.0 9.3 11.5 13.5 15.6 16.2 16.6 17.1 17.4 18.0 18.9 3

 4 Nonfarm noncorporate business 152.2 205.9 252.1 291.6 334.4 383.9 398.1 415.0 429.5 444.0 459.2 4

 5 Total assets 3939.5 4306.1 4727.5 5142.5 5664.6 6353.2 6546.3 6788.9 7005.0 7171.2 7375.9 5

 6 Household sector 77.9 73.1 80.3 87.4 94.9 103.6 105.9 108.2 110.6 113.1 115.6 6

 7 Nonfinancial corporate business 29.8 27.1 20.2 21.4 23.3 24.3 24.6 24.8 25.1 25.3 25.6 7

 8 Nonfarm noncorporate business 7.0 10.0 9.0 8.7 9.7 11.0 11.4 11.8 12.2 12.6 13.1 8

 9 State and local governments 65.8 69.1 72.6 76.3 80.1 84.1 85.2 86.2 87.3 88.3 89.4 9

10 Federal government 19.1 18.8 18.4 17.7 17.1 16.2 15.9 15.7 15.5 15.3 15.2 10

11 Commercial banking 745.5 797.0 879.6 965.6 1023.9 1222.1 1244.8 1320.7 1368.9 1347.1 1394.7 11

12 Savings institutions 520.7 533.5 548.2 594.2 620.6 631.4 662.9 676.2 690.4 703.4 753.8 12

13 Credit unions 86.0 96.9 111.0 124.9 141.3 159.4 162.4 168.4 176.5 182.6 185.4 13

14 Bank personal trusts and estates 3.0 2.8 2.2 2.3 2.5 2.3 2.2 2.1 2.0 1.9 1.9 14

15 Life insurance companies 7.2 6.6 5.9 4.9 4.9 4.7 4.0 3.8 3.8 4.6 4.7 15

16 Private pension funds 5.7 5.8 6.6 7.7 9.0 10.7 11.1 11.7 12.2 12.8 13.5 16

17 State and local govt. retirement funds 5.6 8.4 7.5 7.5 8.7 11.1 11.9 12.7 13.7 14.7 15.8 17

18 Government-sponsored enterprises 194.3 199.6 189.3 205.1 225.3 271.3 294.0 324.9 359.9 369.6 372.2 18

19 Agency- and GSE-backed mortgage pools 1788.1 1970.2 2234.7 2425.6 2748.5 3063.7 3129.7 3189.9 3265.4 3373.4 3397.8 19

20 ABS issuers 280.4 360.6 399.4 432.8 505.0 563.2 606.3 642.2 656.4 696.1 754.7 20

21 Finance companies 67.5 90.0 108.2 130.6 120.1 135.0 133.9 142.5 151.8 152.2 159.5 21

22 Mortgage companies 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 21.8 22

23 REITs 14.0 14.8 12.4 7.9 7.9 17.4 18.4 25.3 31.6 36.4 41.3 23

 Memo:

24 Home equity loans included above (2) 331.9 361.2 401.5 491.8 517.8 583.2 596.5 621.6 650.0 684.6 712.8 24

25 Commercial banking 174.0 176.9 189.5 235.0 258.6 303.3 314.0 328.7 343.3 366.0 390.1 25

26 Savings institutions 55.5 55.9 59.7 72.8 77.9 78.5 83.5 83.0 87.8 95.6 91.0 26

27 Credit unions 29.0 29.7 33.4 40.7 44.9 48.1 47.3 48.4 48.8 51.8 52.9 27

28 ABS issuers 5.9 8.6 10.7 12.7 16.2 18.4 17.9 19.0 18.4 19.0 19.4 28

29 Finance companies 67.5 90.0 108.2 130.6 120.1 135.0 133.9 142.5 151.8 152.2 159.5 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 300.1 331.3 368.7 400.8 445.9 489.0 497.1 510.6 523.9 544.2 550.8 1

 2 Nonfinancial corporate business 22.5 23.5 24.7 25.9 27.3 28.8 29.2 29.6 30.0 30.4 30.9 2

 3 Nonfarm noncorporate business 262.1 284.2 318.6 347.5 390.8 430.5 438.4 451.3 463.6 482.9 487.6 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 15.4 23.6 25.3 27.4 27.8 29.7 29.4 29.7 30.4 30.9 32.3 5

 6 Total assets 300.1 331.3 368.7 400.8 445.9 489.0 497.1 510.6 523.9 544.2 550.8 6

 7 Household sector 1.5 1.5 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.5 1.5 7

 8 Nonfinancial corporate business 1.4 1.1 0.9 0.8 0.9 1.0 1.0 1.0 1.0 1.0 1.0 8

 9 Nonfarm noncorporate business 6.2 8.8 8.0 7.7 9.2 8.5 8.0 7.3 6.5 5.5 4.4 9

10 State and local governments 46.5 47.4 48.3 49.3 50.3 51.3 51.6 51.9 52.1 52.4 52.7 10

11 Federal government 13.9 13.6 13.6 13.9 13.7 14.3 14.2 14.4 14.4 14.5 14.7 11

12 Commercial banking 49.7 54.6 67.7 77.8 84.9 94.2 96.8 100.1 102.8 104.9 107.7 12

13 Savings institutions 59.5 57.0 59.3 61.3 64.6 68.7 69.8 72.7 74.9 78.0 81.6 13

14 Life insurance companies 30.4 31.5 32.8 33.7 35.6 36.8 37.0 37.6 38.0 38.3 38.5 14

15 Private pension funds 1.0 0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 15

16 State and local govt. retirement funds 5.0 6.7 6.0 6.0 7.0 8.9 9.5 10.2 10.9 11.7 12.6 16

17 Government-sponsored enterprises 16.2 16.2 20.5 25.0 33.2 41.7 42.9 44.8 44.6 45.9 46.9 17

18 Agency- and GSE-backed mortgage pools 37.8 48.3 57.5 66.0 81.6 94.5 96.6 98.9 104.9 114.7 111.4 18

19 ABS issuers 20.9 33.9 42.0 47.5 53.5 59.0 59.6 61.7 63.7 67.1 68.8 19

20 Finance companies 2.8 2.5 2.8 2.9 2.7 1.7 1.6 1.6 1.6 1.7 1.7 20

21 Mortgage companies 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 21

22 REITs 2.1 2.1 1.6 1.2 0.9 0.8 0.8 0.8 0.7 0.8 1.1 22
Z.1, June 10, 2004 95

L.220 Commercial Mortgages

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 833.1 921.0 1057.2 1168.9 1282.0 1387.8 1409.5 1444.0 1480.9 1518.6 1556.7 1

 2 Household sector 95.1 103.7 110.3 120.7 142.2 152.7 156.6 156.5 161.6 140.9 146.9 2

 3 Nonfinancial corporate business 230.0 224.3 296.1 324.1 379.7 427.7 437.3 459.2 476.8 521.4 536.7 3

 4 Nonfarm noncorporate business 476.6 545.0 599.4 668.5 703.6 746.9 755.8 768.0 780.8 793.5 807.6 4

 5 REITs 31.4 48.0 51.4 55.6 56.4 60.4 59.8 60.3 61.6 62.8 65.6 5

 6 Total assets 833.1 921.0 1057.2 1168.9 1282.0 1387.8 1409.5 1444.0 1480.9 1518.6 1556.7 6

 7 Household sector 5.1 6.0 6.8 8.6 7.9 8.6 8.7 8.9 9.1 9.2 9.4 7

 8 Nonfinancial corporate business 49.1 39.1 20.1 21.2 22.4 23.4 23.6 23.8 24.1 24.3 24.6 8

 9 Nonfarm noncorporate business 4.9 6.9 6.4 6.1 6.8 7.1 7.1 7.1 7.0 7.0 6.9 9

10 State and local governments 7.7 7.6 7.5 7.4 7.2 7.1 7.1 7.1 7.0 7.0 7.0 10

11 Federal government 7.8 7.9 41.5 41.1 41.0 42.1 40.2 40.4 40.2 40.5 42.5 11

12 Commercial banking 423.1 456.3 516.3 582.6 645.6 704.0 719.0 732.6 752.0 763.4 785.7 12

13 Savings institutions 51.3 53.0 60.1 67.0 72.5 80.7 82.7 84.1 86.1 88.9 91.4 13

14 Life insurance companies 158.8 164.0 179.0 183.8 188.4 195.0 196.1 199.4 201.8 203.2 204.1 14

15 Other insurance companies 2.2 2.0 1.9 1.6 1.9 2.0 2.0 1.9 1.9 2.1 2.1 15

16 Private pension funds 3.0 2.6 3.3 3.4 3.4 3.4 3.3 3.4 3.4 3.3 3.3 16

17 State and local govt. retirement funds 7.0 8.9 8.0 8.0 9.2 11.7 12.5 13.4 14.4 15.5 16.6 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 74.9 123.4 157.3 187.1 225.7 252.1 256.2 270.1 279.8 295.7 303.8 19

20 Finance companies 26.2 28.7 34.8 38.8 38.5 37.8 38.5 39.3 41.2 45.0 45.0 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 6.9 9.4 9.0 7.3 6.4 7.5 7.3 7.5 7.8 8.3 9.3 22

L.221 Farm Mortgages

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

 1 Total liabilities (Farm business) 90.0 96.6 102.3 108.9 116.3 124.8 127.0 129.2 130.4 132.2 134.1 1

 2 Total assets 90.0 96.6 102.3 108.9 116.3 124.8 127.0 129.2 130.4 132.2 134.1 2

 3 Household sector 16.5 17.7 17.9 20.2 21.5 22.9 23.2 23.6 23.7 24.0 24.3 3

 4 Nonfarm noncorporate business 0.6 1.0 1.3 0.7 0.9 1.2 1.3 1.3 1.4 1.5 1.6 4

 5 State and local governments 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 5

 6 Federal government 4.9 4.5 4.3 4.1 4.0 3.7 3.6 3.5 3.6 3.4 3.4 6

 7 Commercial banking 27.0 29.0 31.8 34.0 35.5 38.0 38.7 39.7 40.2 40.6 41.4 7

 8 Savings institutions 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 8

 9 Life insurance companies 10.5 11.5 13.0 13.6 14.1 13.5 14.1 13.5 13.5 14.2 14.3 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 28.9 31.0 32.2 34.2 38.5 43.5 44.2 45.6 46.0 46.4 47.1 11

12 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 12
96 Z.1, June 10, 2004

L.222 Consumer Credit

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities (Households) 1333.8 1430.6 1542.7 1719.0 1856.7 1938.1 1911.5 1941.4 1983.3 2032.9 2014.8 1

 2 Total assets 1333.8 1430.6 1542.7 1719.0 1856.7 1938.1 1911.5 1941.4 1983.3 2032.9 2014.8 2

 3 Nonfinancial corporate business 78.9 76.2 78.7 82.7 82.3 82.2 71.7 77.1 76.5 73.8 67.1 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 28.3 37.4 50.9 67.0 80.1 92.8 90.6 89.1 95.3 94.1 93.9 5

 6 Commercial banking 512.6 508.9 499.8 541.5 558.4 587.2 575.3 584.2 593.7 636.4 624.7 6

 7 Savings institutions 47.2 51.6 61.5 64.6 69.1 68.5 68.4 73.6 72.5 77.7 81.3 7

 8 Credit unions 152.4 155.4 167.9 184.4 189.6 195.7 193.9 198.6 203.4 205.9 207.7 8

 9 Government-sponsored enterprises 29.5 28.4 33.8 37.0 39.4 36.8 35.2 31.3 27.2 20.6 16.0 9

10 ABS issuers 317.4 389.4 448.4 521.3 599.7 637.1 643.1 643.3 630.7 629.1 617.0 10

11 Finance companies 167.5 183.3 201.6 220.5 238.1 237.8 233.2 244.3 284.0 295.4 307.2 11

L.223 Trade Credit

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

 1 Total trade payables 1967.4 2082.9 2345.4 2747.7 2670.1 2697.5 2701.1 2759.6 2823.4 2882.2 2907.1 1

 2 Household sector 118.0 126.8 130.9 134.7 138.7 145.7 147.5 149.5 151.5 153.6 155.7 2

 3 Nonfinancial corporate business 992.1 1049.7 1228.2 1541.4 1437.7 1421.9 1404.9 1435.9 1479.6 1522.8 1523.0 3

 4 Nonfarm noncorporate business 147.8 178.6 213.3 259.9 255.0 276.0 286.4 297.1 311.6 322.7 335.9 4

 5 Farm business 18.8 19.6 20.0 20.9 18.3 19.2 20.0 20.7 20.9 21.1 20.1 5

 6 State and local governments 549.0 579.5 608.6 635.9 661.1 685.6 691.6 697.6 703.6 709.6 715.6 6

 7 Federal government 72.9 65.0 64.5 69.0 72.3 74.1 75.9 76.6 77.3 75.8 76.0 7

 8 Rest of the world 48.8 44.9 49.1 49.9 47.8 37.6 46.3 46.9 46.4 48.4 46.2 8

 9 Brokers and dealers 19.9 18.9 30.9 35.9 39.2 37.4 28.5 35.3 32.5 28.2 34.5 9

10 Total trade receivables 1839.3 1987.0 2248.4 2639.9 2547.7 2564.7 2613.5 2702.0 2765.1 2765.4 2837.3 10

11 Nonfinancial corporate business 1366.6 1451.6 1655.0 1938.1 1808.7 1774.3 1806.1 1873.0 1917.0 1902.6 1955.2 11

12 Nonfarm noncorporate business 204.9 233.1 272.6 342.1 343.9 366.7 375.9 388.1 404.5 417.1 432.0 12

13 Federal government 20.8 22.3 22.9 28.1 35.5 32.2 29.8 31.5 29.9 31.9 31.3 13

14 Rest of the world 59.0 52.5 47.4 47.0 43.9 47.0 47.3 47.2 45.6 43.7 40.6 14

15 Other insurance companies 59.9 61.5 63.6 64.6 69.9 74.8 79.3 81.6 82.3 79.3 82.5 15

16 ABS issuers 128.1 165.9 187.0 220.0 245.9 269.7 275.2 280.5 285.7 290.8 295.7 16

17 Discrepancy 128.1 95.9 97.0 107.8 122.4 132.9 87.5 57.6 58.3 116.7 69.8 17

L.224 Security Credit

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

 1 Total liabilities 469.1 572.2 676.6 822.7 825.9 738.8 796.6 971.9 940.2 871.3 945.4 1

 2 Household sector 131.2 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 199.1 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 337.9 419.5 448.7 587.6 629.5 590.6 637.1 723.4 712.6 688.8 746.3 4

 5 Customer credit balances (HH) 215.5 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 507.2 5

 6 From U.S.-chartered commercial banks 64.4 76.3 67.6 74.7 81.9 79.2 91.5 104.5 99.4 91.5 96.0 6

 7 From foreign banking offices in U.S. 58.0 66.5 57.2 100.5 93.3 98.7 115.9 103.8 109.8 121.9 143.1 7

 8 Total assets 469.1 572.2 676.6 822.7 825.9 738.8 796.6 971.9 940.2 871.3 945.4 8

 9 Household sector 215.5 276.7 323.9 412.4 454.3 412.7 429.6 515.1 503.4 475.4 507.2 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 122.5 142.8 124.8 175.2 175.2 177.9 207.4 208.3 209.1 213.5 239.2 11

12 Brokers and dealers 131.2 152.8 227.9 235.1 196.4 148.2 159.5 248.5 227.6 182.5 199.1 12
Z.1, June 10, 2004 97

L.225 Life Insurance and Pension Fund Reserves

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 Life insurance reserves:

 1 Total liabilities 665.0 718.3 783.9 819.1 880.0 920.9 936.3 963.7 978.0 999.6 1019.5 1

 2 Federal government 32.3 33.6 35.0 36.4 37.8 39.4 39.4 39.8 39.9 40.5 40.5 2

 3 Life insurance companies 632.7 684.7 748.9 782.7 842.2 881.6 896.9 923.9 938.1 959.1 979.0 3

 4 Total assets (Households) 665.0 718.3 783.9 819.1 880.0 920.9 936.3 963.7 978.0 999.6 1019.5 4

 Pension fund reserves:

 5 Total liabilities 7323.4 8210.5 9095.5 9067.3 8655.1 7980.3 7902.1 8502.7 8679.5 9256.6 9422.8 5

 6 Life insurance companies 1086.1 1248.1 1428.1 1453.1 1462.1 1488.0 1506.3 1602.5 1641.6 1728.7 1784.2 6

 7 Private pension funds (1) 3736.2 4158.9 4628.9 4483.5 4104.6 3582.3 3528.3 3848.0 3939.7 4249.0 4333.4 7

 8 State and local govt. retirement funds 1842.0 2085.4 2262.3 2331.5 2226.4 2013.4 1982.4 2144.9 2175.3 2319.8 2352.9 8

 9 Federal government retirement funds (2) 659.1 718.0 776.2 799.2 862.0 896.6 885.0 907.2 922.9 959.0 952.2 9

10 Total assets (Households) (3) 7323.4 8210.5 9095.5 9067.3 8655.1 7980.3 7902.1 8502.7 8679.5 9256.6 9422.8 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 141.3 156.0 178.9 204.8 219.2 248.1 271.2 276.6 284.8 276.6 297.2 1

 2 Nonfinancial corporate business 59.2 64.1 71.0 78.0 81.0 93.0 108.4 108.4 112.4 100.6 116.1 2

 3 Nonfarm noncorporate business 39.9 44.1 53.0 64.6 68.7 76.8 81.7 84.1 85.3 86.5 87.9 3

 4 U.S.-chartered commercial banks 5.4 7.1 9.0 11.1 13.5 16.2 16.9 17.6 18.3 19.1 19.8 4

 5 Savings institutions 1.8 2.0 2.0 2.5 1.7 1.5 1.4 1.4 1.6 1.3 1.8 5

 6 Life insurance companies 13.7 14.9 16.2 17.8 19.7 22.1 22.8 23.4 24.1 24.9 25.6 6

 7 Other insurance companies 13.4 15.4 17.4 19.7 22.4 25.6 26.5 27.4 28.4 29.3 30.3 7

 8 Finance companies 6.5 7.3 8.1 9.1 10.2 11.6 12.0 12.4 12.8 13.2 13.6 8

 9 Brokers and dealers 1.3 1.3 2.2 2.1 1.9 1.3 1.6 1.9 2.0 1.8 1.9 9

10 Total business taxes receivable 46.9 49.5 72.0 87.9 129.9 123.9 153.7 154.0 177.5 182.9 208.0 10

11 State and local governments 26.9 28.1 33.5 45.6 50.1 59.5 63.7 69.0 74.4 80.1 84.2 11

12 Federal government 20.0 21.4 38.5 42.4 79.8 64.3 90.0 85.0 103.1 102.8 123.9 12

13 Discrepancy 94.4 106.5 106.9 116.9 89.3 124.2 117.5 122.6 107.3 93.7 89.1 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 942.5 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 1

 2 Asset: Household sector 942.5 1001.0 1130.4 1095.8 960.7 840.9 819.6 877.0 885.0 932.4 955.0 2
98 Z.1, June 10, 2004

L.229 Total Miscellaneous Financial Claims

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 7334.0 8313.8 9317.7 10523.4 11178.3 11717.7 12003.4 11924.7 12221.6 11980.3 12072.3 1

 2 Household sector 18.6 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.1 2

 3 Nonfinancial corporate business 2195.1 2569.1 2926.4 3453.1 3524.1 3622.5 3646.1 3636.3 3640.9 3610.8 3622.2 3

 4 Nonfarm noncorporate business 301.3 392.9 466.5 552.6 607.5 628.1 637.3 646.8 655.6 664.5 673.1 4

 5 Federal government 608.3 649.6 690.6 711.3 772.0 796.3 773.9 784.6 794.1 820.8 807.1 5

 6 Rest of the world 1237.9 1406.9 1710.1 1862.3 1961.5 2123.2 2296.3 1995.0 2006.0 1798.9 1688.7 6

 7 Monetary authority 9.5 10.7 9.4 10.6 7.7 30.3 27.2 30.7 33.7 34.5 30.8 7

 8 Commercial banking 1023.7 1115.2 1077.4 1257.8 1256.6 1430.1 1414.9 1464.2 1548.1 1553.7 1615.4 8

 9 Savings institutions 101.4 99.8 85.1 102.3 121.3 137.2 157.5 179.5 192.3 172.1 211.5 9

10 Credit unions 4.6 5.2 6.0 5.6 3.8 5.1 1.5 7.6 8.5 6.3 19.5 10

11 Life insurance companies 625.4 649.5 686.4 686.8 707.6 743.6 788.0 817.4 827.9 817.6 826.3 11

12 Other insurance companies 522.3 527.7 534.4 543.0 567.7 610.9 622.6 634.2 652.2 653.2 660.0 12

13 Government-sponsored enterprises 74.6 95.6 90.1 97.5 141.2 148.8 151.8 161.5 193.2 175.8 180.9 13

14 Finance companies 206.0 223.8 291.1 374.3 393.2 413.9 413.8 442.1 506.2 515.7 531.1 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 18.0 31.6 36.0 37.8 37.9 39.2 38.8 39.3 38.4 39.1 39.5 16

17 Brokers and dealers 131.1 176.4 183.6 182.7 316.1 236.4 246.1 258.9 260.3 275.7 290.3 17

18 Funding corporations 240.1 326.3 489.0 610.1 725.0 715.8 750.8 789.6 826.8 804.6 838.6 18

19 Total assets 8733.4 10260.9 11673.5 13949.0 14934.1 15373.4 15744.1 15604.9 15629.1 15701.4 16128.1 19

20 Household sector 339.5 351.5 364.3 370.9 389.4 418.1 427.3 434.6 449.3 450.2 454.0 20

21 Nonfinancial corporate business 3622.8 4475.0 5427.5 6722.6 6942.7 6962.5 7016.7 7080.1 7124.3 7319.6 7446.9 21

22 Nonfarm noncorporate business 259.9 382.1 463.8 553.7 683.3 780.9 806.3 831.3 857.4 883.3 910.9 22

23 Farm business 44.8 45.4 45.6 45.5 47.0 51.1 52.4 53.6 55.5 55.8 56.2 23

24 State and local governments 27.0 11.5 18.1 28.5 39.2 78.6 89.8 74.6 66.1 32.4 42.0 24

25 Federal government 104.8 101.3 100.4 99.0 100.3 100.6 101.8 101.5 101.9 101.9 102.0 25

26 Rest of the world 936.7 1055.9 1186.3 1646.8 1779.9 1922.2 2137.6 1758.3 1594.6 1340.1 1464.7 26

27 Monetary authority 13.2 16.1 16.8 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 27

28 Commercial banking 934.0 1065.2 1097.7 1196.9 1347.9 1443.4 1468.7 1488.8 1504.8 1535.7 1572.8 28

29 Savings institutions 49.7 62.8 60.2 67.8 87.0 104.2 104.4 109.3 122.6 99.9 93.5 29

30 Credit unions 17.6 24.3 8.0 12.9 18.3 28.7 24.1 27.2 14.1 29.2 23.8 30

31 Bank personal trusts and estates 14.6 23.0 20.5 21.7 29.4 26.8 29.2 31.6 34.0 36.4 38.8 31

32 Life insurance companies 65.7 69.2 36.9 55.6 40.1 46.8 64.0 61.7 59.1 59.7 78.9 32

33 Other insurance companies 42.8 47.0 50.6 51.8 52.6 63.1 65.8 68.5 70.0 71.7 74.0 33

34 Private pension funds 590.9 622.2 638.9 626.4 621.3 619.8 621.6 631.4 638.2 662.2 668.9 34

35 State and local govt. retirement funds 63.5 66.1 81.0 93.5 113.8 105.9 103.1 99.5 98.5 91.2 92.4 35

36 Federal government retirement funds 601.7 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 36

37 Money market mutual funds 58.1 67.7 90.4 102.5 128.6 121.6 115.8 117.4 130.6 137.0 137.4 37

38 Mutual funds 11.8 7.7 4.2 3.8 0.8 0.9 1.7 1.7 3.1 1.9 1.9 38

39 Government-sponsored enterprises 68.8 70.4 75.8 88.4 101.1 123.5 119.1 138.2 131.6 136.4 146.6 39

40 Finance companies 175.1 184.4 235.7 261.0 281.8 291.3 294.9 327.9 375.9 393.7 374.4 40

41 REITs 10.5 21.2 21.1 22.0 22.5 22.6 23.5 24.1 25.0 26.4 28.4 41

42 Brokers and dealers 391.8 499.3 522.8 655.1 821.0 723.7 723.2 791.3 827.5 858.8 946.5 42

43 Funding corporations 288.0 348.7 423.1 498.6 500.0 527.1 565.9 555.0 538.2 544.8 553.8 43

44 Discrepancy -1399.3 -1947.1 -2355.8 -3425.6 -3755.8 -3655.7 -3740.7 -3680.2 -3407.5 -3721.0 -4055.7 44
Z.1, June 10, 2004 99

L.230 Identified Miscellaneous Financial Claims - Part I

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 1068.1 1196.0 1414.4 1529.7 1598.1 1751.9 1788.8 1821.3 1866.4 1906.6 1964.7 1

 2 Asset: Nonfinancial corporate business 933.1 1041.0 1227.7 1320.4 1369.6 1496.1 1526.5 1555.7 1594.8 1630.9 1681.8 2

 3 Commercial banking 44.2 31.2 35.2 43.5 44.5 47.4 49.4 50.2 51.1 52.4 54.3 3

 4 Life insurance companies 8.6 11.1 16.2 17.5 20.2 23.9 24.9 23.3 24.2 24.5 25.0 4

 5 Other insurance companies 42.8 47.0 50.6 51.8 52.6 63.1 65.8 68.5 70.0 71.7 74.0 5

 6 Finance companies 35.1 58.0 69.9 76.6 96.6 104.0 104.2 105.0 107.2 106.9 108.6 6

 7 Brokers and dealers 4.2 7.7 14.7 20.0 14.6 17.4 17.9 18.6 19.1 20.1 20.8 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 750.6 892.6 1085.5 1066.6 1069.1 1181.5 1179.2 1175.6 1182.7 1225.9 1220.9 8

 9 Nonfarm noncorporate business 3.9 3.4 3.3 3.4 3.2 3.4 3.3 3.4 3.3 3.3 3.4 9

10 Commercial banking 38.8 46.1 62.0 64.2 71.6 80.7 83.9 82.9 83.7 83.6 83.8 10

11 Life insurance companies 25.2 27.3 32.1 42.9 46.2 45.6 43.2 42.9 43.3 43.4 43.8 11

12 Other insurance companies 46.2 47.3 51.5 60.9 59.4 58.5 55.0 55.4 55.1 55.4 56.3 12

13 Finance companies 35.7 37.2 48.6 63.2 68.5 58.8 74.1 75.3 76.3 76.8 77.2 13

14 Brokers and dealers 8.5 10.7 13.9 20.1 13.6 13.3 13.3 16.7 16.6 16.7 18.9 14

15 Funding corporations -84.6 -63.9 -80.9 -5.1 51.6 79.2 103.1 128.2 121.7 97.8 98.3 15

16 Asset: Rest of the world 824.1 1000.7 1216.0 1316.2 1383.2 1521.0 1555.2 1580.5 1582.8 1603.0 1602.6 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 30.8 32.4 33.9 35.4 37.1 38.7 39.1 39.5 39.9 40.1 40.6 17

18 Asset: Federal government 30.8 32.4 33.9 35.4 37.1 38.7 39.1 39.5 39.9 40.1 40.6 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 5.4 6.0 6.4 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 19

20 Asset: Commercial banking 5.4 6.0 6.4 7.0 7.4 8.4 8.5 8.7 8.7 8.8 9.0 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 21.5 25.5 31.6 33.8 36.5 38.5 39.7 40.3 41.4 42.0 43.8 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) 1.7 1.6 1.6 1.6 1.5 1.5 1.6 1.5 1.7 2.0 2.1 23

24 Farm business (FICB and FLB) 1.5 1.7 1.6 1.6 1.7 1.8 1.8 1.9 2.2 2.4 2.3 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) 8.0 10.0 13.0 13.8 15.2 17.5 18.0 18.4 18.6 18.7 19.1 26

27 Savings institutions (FHLB) 9.9 11.8 14.5 15.7 17.0 16.0 16.6 16.4 16.7 16.4 17.6 27

28 Credit unions (FHLB) 0.2 0.3 0.5 0.6 0.9 1.2 1.2 1.3 1.4 1.4 1.5 28

29 Life insurance companies (FHLB) 0.2 0.2 0.3 0.4 0.3 0.5 0.6 0.8 1.0 1.1 1.2 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 413.6 469.0 471.9 525.4 586.1 639.2 650.1 667.0 679.6 689.8 708.0 30

31 Savings institutions 5.0 5.4 6.0 6.6 7.4 8.3 8.5 8.8 9.1 9.3 9.6 31

32 Finance companies 23.5 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.0 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 45.3 95.4 85.4 115.8 146.4 150.9 159.6 174.7 182.2 189.1 215.1 34

35 Asset: Bank holding companies 503.5 603.0 623.1 715.1 805.6 858.5 877.8 914.6 934.8 954.1 1000.8 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 23.5 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.0 36

37 Asset: Nonfinancial corporate business 23.5 17.1 43.9 51.3 49.6 44.1 43.6 48.0 47.9 49.9 52.0 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 78.8 90.6 93.0 138.7 107.9 132.6 128.3 124.8 118.3 130.8 157.9 38

39 Brokers and dealers 209.2 258.2 330.1 359.9 392.2 394.5 437.6 430.2 419.9 413.9 395.8 39

40 Asset: Funding corporations 288.0 348.7 423.1 498.6 500.0 527.1 565.9 555.0 538.2 544.8 553.8 40
100 Z.1, June 10, 2004

L.231 Identified Miscellaneous Financial Claims - Part II

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.1 2.0 2.6 2.6 2.6 2.7 2.6 2.7 2.7 2.8 2.9 1

 2 Asset: Federal government 2.1 2.0 2.6 2.6 2.6 2.7 2.6 2.7 2.7 2.8 2.9 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 18.0 24.9 17.1 17.0 25.7 27.6 30.5 30.8 28.4 20.5 24.9 5

 6 Asset: Savings institutions 18.0 24.9 17.1 17.0 25.7 27.6 30.5 30.8 28.4 20.5 24.9 6

 Deferred and unpaid life insurance premiums:

 7 Liab.: Household sector 18.6 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.1 7

 8 Asset: Life insurance companies 18.6 17.2 19.4 19.6 19.1 20.0 20.7 21.0 21.0 20.9 21.1 8

 Life insurance company reserves:

 9 Liab.: Life insurance companies 140.0 150.3 162.0 168.9 175.4 185.6 188.5 191.1 198.1 198.7 200.0 9

10 Health 75.7 83.0 93.5 97.4 100.5 110.6 112.3 114.4 118.6 121.2 122.1 10

11 Policy dividend accumulation 36.4 37.1 38.4 39.5 40.4 40.6 40.7 41.8 42.6 40.5 40.6 11

12 Policy and contract claims 27.8 30.2 30.1 32.0 34.4 34.5 35.5 34.9 36.9 37.0 37.3 12

13 Asset: Household sector 140.0 150.3 162.0 168.9 175.4 185.6 188.5 191.1 198.1 198.7 200.0 13

 Policy payables:

14 Liab.: Other insurance companies 476.2 480.4 482.9 482.1 508.2 552.4 567.7 578.8 597.0 597.8 603.8 14

15 Asset: Household sector 199.5 201.3 202.3 202.0 214.0 232.4 238.9 243.5 251.2 251.5 254.0 15

16 Nonfinancial corporate business 188.1 189.8 190.8 190.4 200.8 218.2 224.2 228.6 235.8 236.1 238.5 16

17 Nonfarm noncorporate business 45.2 45.6 45.9 45.8 48.3 52.5 53.9 55.0 56.7 56.8 57.4 17

18 Farm business 43.3 43.7 43.9 43.9 45.3 49.3 50.7 51.7 53.3 53.4 53.9 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 381.9 384.6 396.4 381.4 372.2 366.5 367.1 377.9 385.1 406.5 411.3 19

20 Asset: Private pension funds 381.9 384.6 396.4 381.4 372.2 366.5 367.1 377.9 385.1 406.5 411.3 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 93.5 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 112.8 21

22 Asset: Private pension funds 93.5 114.9 107.3 108.5 109.8 111.1 111.4 111.8 112.1 112.4 112.8 22

 Securities borrowed (net):

23 Liab.: Funding corporations 333.3 403.3 419.5 508.2 578.3 575.4 567.7 628.9 672.7 678.0 755.9 23

24 Asset: Brokers and dealers 333.3 403.3 419.5 508.2 578.3 575.4 567.7 628.9 672.7 678.0 755.9 24

 Nonmarketable government securities:

25 Liab.: Federal government 601.7 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 25

26 Asset: Federal government retirement funds 601.7 642.9 684.0 704.9 765.8 790.3 767.8 778.6 788.1 815.0 801.2 26
Z.1, June 10, 2004 101

L.232 Unidentified Miscellaneous Financial Claims

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

1997 1998 1999 2000 2001 2002 2003 2004

 Q1 Q2 Q3 Q4 Q1

 1 Total liabilities 2503.7 2864.0 3234.0 3943.2 4203.8 4297.8 4460.7 4195.2 4356.1 3978.4 3871.3 1

 2 Nonfinancial corporate business 1351.0 1561.6 1733.6 2278.0 2345.2 2329.9 2355.5 2348.9 2346.1 2272.4 2288.5 2

 3 Nonfarm noncorporate business 297.5 389.6 463.2 549.2 604.3 624.7 634.0 643.4 652.3 661.2 669.7 3

 4 Federal government 6.6 6.7 6.6 6.4 6.2 6.0 6.1 6.0 6.0 5.8 5.9 4

 5 Rest of the world 136.9 176.5 259.3 294.6 323.8 330.0 465.7 131.5 97.1 -150.7 -319.4 5

 6 Monetary authority 4.0 4.8 3.0 3.6 0.4 21.9 18.7 22.0 25.0 25.7 21.9 6

 7 Commercial banking 492.5 509.6 450.6 529.5 491.0 577.6 552.7 589.5 666.5 649.5 665.7 7

 8 U.S.-chartered commercial banks 185.1 193.0 181.2 263.2 173.7 210.4 221.6 235.2 280.5 263.0 287.0 8

 9 Foreign banking offices in U.S. 233.9 220.6 157.2 137.2 137.4 148.5 101.8 98.5 118.0 110.3 91.9 9

10 Bank holding companies 57.9 74.1 88.1 104.4 150.8 190.9 200.4 224.5 232.7 241.4 248.8 10

11 Banks in U.S.-affiliated areas 15.6 21.9 24.1 24.8 29.0 27.8 28.8 31.4 35.2 34.9 38.0 11

12 Savings institutions 96.4 94.4 79.2 95.7 113.9 128.9 148.9 170.8 183.2 162.8 201.9 12

13 Credit unions 4.6 5.2 6.0 5.6 3.8 5.1 1.5 7.6 8.5 6.3 19.5 13

14 Life insurance companies 78.4 87.4 95.9 93.7 113.8 145.9 189.2 205.6 201.3 168.9 171.2 14

15 Government-sponsored enterprises 35.1 45.2 41.4 46.7 79.0 82.7 81.6 90.4 123.3 113.3 112.2 15

16 Finance companies 123.2 152.3 154.6 208.5 225.5 266.9 252.5 270.7 334.1 339.2 349.9 16

17 REITs 18.0 31.6 36.0 37.8 37.9 39.2 38.8 39.3 38.4 39.1 39.5 17

18 Brokers and dealers -131.9 -187.8 -245.8 -313.1 -236.1 -322.3 -364.4 -362.7 -358.3 -344.0 -339.6 18

19 Funding corporations -8.6 -13.0 150.4 107.0 95.1 61.2 80.0 32.4 32.4 28.8 -15.6 19

20 Total assets 3903.0 4811.1 5589.8 7368.8 7959.6 7953.5 8201.4 7875.4 7763.6 7699.5 7927.1 20

21 Nonfinancial corporate business 2478.0 3227.0 3965.1 5160.5 5322.7 5204.1 5222.4 5247.7 5245.8 5402.7 5474.6 21

22 Nonfarm noncorporate business 213.0 334.9 416.3 506.2 633.5 726.9 750.8 774.8 799.1 824.6 851.4 22

23 State and local governments 27.0 11.5 18.1 28.5 39.2 78.6 89.8 74.6 66.1 32.4 42.0 23

24 Federal government 71.9 66.9 63.9 61.0 60.7 59.2 60.0 59.3 59.3 58.9 58.5 24

25 Rest of the world 112.6 55.2 -29.7 330.6 396.7 401.2 582.4 177.8 11.8 -262.9 -137.8 25

26 Monetary authority 13.2 16.1 16.8 19.3 20.3 19.6 19.3 18.9 18.5 18.2 18.1 26

27 Commercial banking 372.9 415.1 419.9 417.4 475.2 511.6 515.0 496.9 491.7 501.6 489.6 27

28 U.S.-chartered commercial banks 87.6 114.3 121.0 127.4 163.3 181.4 219.3 214.7 208.7 208.2 200.2 28

29 Foreign banking offices in U.S. 234.3 234.5 204.9 177.1 187.2 184.2 142.5 127.6 125.5 123.9 100.0 29

30 Bank holding companies 44.4 56.5 85.4 106.3 112.2 139.5 145.7 147.1 149.9 161.9 181.4 30

31 Banks in U.S.-affiliated areas 6.6 9.7 8.7 6.6 12.5 6.4 7.5 7.5 7.6 7.5 8.0 31

32 Savings institutions 21.7 26.2 28.6 35.1 44.3 60.5 57.4 62.1 77.5 62.9 51.0 32

33 Credit unions 17.3 24.0 7.4 12.3 17.4 27.6 22.9 25.9 12.7 27.8 22.2 33

34 Bank personal trusts and estates 14.6 23.0 20.5 21.7 29.4 26.8 29.2 31.6 34.0 36.4 38.8 34

35 Life insurance companies 38.3 40.7 0.9 18.2 0.5 2.4 17.8 16.5 12.9 13.1 31.5 35

36 Private pension funds 115.4 122.7 135.3 136.5 139.3 142.2 143.1 141.8 141.0 143.3 144.8 36

37 State and local govt. retirement funds 63.5 66.1 81.0 93.5 113.8 105.9 103.1 99.5 98.5 91.2 92.4 37

38 Mutual funds 11.8 7.7 4.2 3.8 0.8 0.9 1.7 1.7 3.1 1.9 1.9 38

39 Money market mutual funds 58.1 67.7 90.4 102.5 128.6 121.6 115.8 117.4 130.6 137.0 137.4 39

40 Government-sponsored enterprises 68.8 70.4 75.8 88.4 101.1 123.5 119.1 138.2 131.6 136.4 146.6 40

41 Finance companies 140.0 126.4 165.7 184.4 185.2 187.2 190.6 222.9 268.7 286.8 265.8 41

42 REITs 10.5 21.2 21.1 22.0 22.5 22.6 23.5 24.1 25.0 26.4 28.4 42

43 Brokers and dealers 54.4 88.4 88.6 126.9 228.2 130.9 137.6 143.8 135.7 160.7 169.9 43

44 Discrepancy -1399.3 -1947.1 -2355.8 -3425.6 -3755.8 -3655.7 -3740.7 -3680.2 -3407.5 -3721.0 -4055.7 44