108 Z.1, September 21, 2005

F.100.a Nonprofit Organizations (1)

Billions of dollars

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(2) Not included in table F.100.
Z.1, September 21, 2005 109

L.100.a Nonprofit Organizations (1)

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(2) Not included in table L.100.
110 Z.1, September 21, 2005

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2000 2001 2002 2003 2004 2004 2005

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Current receipts, NIPA basis 3126.0 3113.2 2958.7 3018.1 3208.2 3122.0 3181.2 3208.0 3321.6 3497.2 3579.8 1

 2 Personal current taxes 1235.7 1237.3 1051.8 999.9 1049.1 1009.6 1034.0 1058.4 1094.3 1171.4 1210.7 2

 3 Taxes on production and imports 708.9 728.6 762.8 801.4 852.8 837.1 847.8 855.5 870.9 883.8 900.3 3

 4 Taxes on corporate income 255.0 195.0 182.6 221.9 258.9 246.5 262.1 246.9 280.1 348.1 364.2 4

 5 Taxes from the rest of the world 7.3 7.2 7.3 8.5 9.2 9.2 8.5 7.9 11.2 9.7 8.6 5

 6 Contributions for govt. social insurance 702.7 731.2 750.0 776.6 822.2 806.3 813.0 825.9 843.5 861.0 870.1 6

 7 Income receipts on assets 117.5 113.7 98.4 97.6 99.0 97.6 98.2 99.2 101.0 101.2 102.9 7

 8 Current transfer receipts 93.7 101.8 104.9 110.9 120.1 117.5 119.9 117.2 125.7 128.2 130.1 8

 9 Current surplus of government enterprises 5.3 -1.4 0.9 1.3 -3.0 -1.6 -2.2 -3.0 -5.2 -6.1 -7.1 9

10 Current expenditures, NIPA basis 2886.6 3061.6 3240.8 3424.7 3620.6 3557.8 3596.3 3638.9 3689.2 3788.1 3840.0 10

11 Consumption expenditures 1417.1 1501.6 1616.9 1736.7 1843.4 1805.8 1830.1 1859.6 1878.2 1918.6 1937.2 11

12 Government social benefits 1044.1 1146.6 1251.6 1316.4 1397.5 1373.5 1393.8 1400.1 1422.6 1462.9 1483.4 12

13 Other current transfer payments 18.3 14.0 18.8 23.6 25.9 33.5 22.4 22.2 25.3 38.3 23.6 13

14 Interest payments 362.8 344.1 315.1 301.4 310.3 304.2 306.8 313.8 316.5 317.8 342.8 14

15 Subsidies 44.3 55.3 38.4 46.7 43.5 42.3 41.8 43.2 46.5 50.6 53.1 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 1.5 -1.5 -0.0 0.0 0.0 0.0 16

17 Net government saving, NIPA basis 239.4 51.6 -282.1 -406.5 -412.3 -435.8 -415.0 -430.9 -367.7 -290.9 -260.2 17

18 + Consumption of fixed capital 197.0 206.0 211.6 218.5 229.1 223.3 228.1 230.6 234.5 237.5 240.2 18

19 - Insurance and pension fund reserves (2) 1.8 3.3 -1.7 -0.6 0.0 1.6 -3.8 -1.3 3.5 5.4 -1.8 19

20 + Net capital transfers (3) 35.6 35.7 29.0 11.1 13.9 13.4 13.5 15.9 12.9 -1.8 12.5 20

21 = Gross saving and net capital transfers 470.3 290.0 -39.8 -176.3 -169.3 -200.7 -169.7 -183.1 -123.8 -60.6 -5.7 21

22 Gross investment 546.4 299.3 -20.0 -191.2 -135.6 -284.6 -101.3 -75.1 -81.2 -272.8 211.9 22

23 Fixed investment 304.6 324.0 344.3 355.3 372.5 360.4 375.0 372.9 381.7 383.4 401.0 23

24 Nonproduced nonfinancial assets 8.5 8.6 10.9 11.1 11.8 11.6 10.9 13.6 11.0 12.5 11.8 24

25 Net financial investment 233.4 -33.2 -375.2 -557.6 -519.8 -656.6 -487.2 -461.6 -473.9 -668.6 -201.0 25

26 Net acquisition of financial assets 2.8 132.6 57.5 83.1 36.5 58.8 -2.3 40.6 49.1 165.3 -83.0 26

27 Gold, SDRs, and official foreign exchange -0.6 4.6 3.4 -1.8 -3.1 -2.5 -4.8 -2.0 -3.2 -21.6 2.9 27

28 Checkable deposits and currency -64.9 45.1 -12.0 15.6 -33.2 -52.3 -8.7 -57.3 -14.6 106.8 -36.1 28

29 Time and savings deposits 11.6 16.2 25.9 -16.6 7.3 6.3 1.2 24.1 -2.3 6.7 49.4 29

30 Money market fund shares 2.8 3.2 1.6 3.6 3.1 3.9 0.3 3.4 4.9 3.1 -0.5 30

31 Security RPs -10.2 -11.1 -16.4 7.2 6.1 7.7 0.5 6.6 9.7 6.2 -1.0 31

32 Credit market instruments 79.0 80.8 69.3 41.5 41.6 52.3 -8.8 65.3 57.5 37.1 -5.3 32

33 Open market paper 15.4 17.4 14.4 9.4 8.0 10.1 0.7 8.7 12.7 8.1 13.6 33

34 Agency- and GSE-backed securities (4) 41.9 47.2 41.9 20.4 17.5 22.0 1.5 18.9 27.5 17.6 -3.0 34

35 Municipal securities 0.2 0.2 0.1 0.3 0.2 0.3 0.0 0.2 0.3 0.2 -0.0 35

36 Corporate and foreign bonds 9.9 11.2 9.1 6.5 5.5 7.0 0.5 6.0 8.7 5.6 -0.9 36

37 Mortgages -2.0 -2.1 -4.8 5.3 8.2 16.3 -5.4 7.9 14.0 6.9 0.1 37

38 Consumer credit 16.1 13.1 12.7 1.3 4.3 -0.9 -5.0 26.3 -3.3 9.1 -8.0 38

39 Other loans and advances (5) -2.6 -6.2 -4.1 -1.6 -2.2 -2.5 -1.1 -2.7 -2.5 -10.4 -7.1 39

40 Corporate equities 6.3 4.0 10.3 -17.5 -5.2 -2.1 -2.7 12.1 -27.9 14.2 -8.1 40

41 Mutual fund shares 1.3 0.4 2.1 -5.4 -1.6 -0.7 -0.8 3.7 -8.5 4.3 -2.5 41

42 Trade receivables 10.4 13.2 -0.7 26.4 16.9 22.4 12.7 11.9 20.4 -2.8 9.0 42

43 Taxes receivable -6.7 -7.0 2.5 40.3 11.9 36.3 10.6 0.6 0.0 91.5 4.1 43

44 Miscellaneous assets -26.1 -16.8 -28.5 -10.2 -7.3 -12.6 -1.9 -27.8 13.0 -80.1 -94.8 44

45 Net increase in liabilities -230.6 165.8 432.7 640.7 556.4 715.4 484.9 502.2 523.0 833.9 118.0 45

46 SDR certificates -4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Treasury currency 2.4 1.3 1.0 0.6 0.7 0.8 1.2 0.7 0.1 0.8 1.1 47

48 Credit market instruments -285.1 81.6 374.7 505.3 454.7 612.4 395.3 398.0 413.1 739.7 8.5 48

49 Savings bonds -1.7 5.6 4.5 8.9 0.6 3.5 1.5 -1.1 -1.4 0.1 0.7 49

50 Other Treasury securities (6) -299.0 -29.0 226.2 381.2 339.7 451.9 346.5 254.6 306.0 538.9 -87.8 50

51 Budget agency securities -1.0 -0.5 0.5 -2.4 -0.6 1.1 -3.6 -0.2 0.3 -0.7 -1.4 51

52 Municipal securities 16.5 105.5 143.4 117.5 115.0 155.9 51.0 144.7 108.2 201.4 97.0 52

53 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Trade payables 31.8 28.6 29.5 103.0 49.6 59.7 51.3 50.8 36.8 47.2 53.0 54

55 Insurance reserves 1.4 1.4 1.6 1.1 1.1 -0.0 1.9 0.2 2.3 0.0 1.7 55

56 Miscellaneous liabilities (7) 22.9 53.0 26.0 30.7 50.3 42.6 35.3 52.5 70.7 46.2 53.7 56

57 Discrepancy -76.2 -9.3 -19.8 14.9 -33.8 83.9 -68.3 -107.9 -42.7 212.2 -217.6 57

 Memo:

58 Net govt. saving less fixed investment (8) -65.1 -272.4 -626.4 -761.8 -784.9 -796.2 -790.0 -803.8 -749.4 -674.3 -661.3 58

59 Adjustment between NIPA and FOF (9) 298.5 239.1 260.9 214.4 264.4 139.4 301.9 341.3 275.1 4.1 459.4 59

60 Items to be financed (10) 233.4 -33.2 -365.5 -547.4 -520.4 -656.9 -488.1 -462.4 -474.3 -670.2 -201.8 60

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

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

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

(3) Table F.9, line 1.

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

(5) Excludes loans to state and local governments.

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

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

 retirement and disability fund.

(8) Line 17 less line 23.

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

(10) Line 57 plus line 58.
Z.1, September 21, 2005 111

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

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

2000 2001 2002 2003 2004 2004 2005

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1864.8 2032.1 2053.7 2184.9 2223.9 2204.9 2209.3 2220.6 2223.9 2245.0 2242.9 1

 2 Gold, SDRs, and official foreign exchange 41.0 43.1 51.1 55.1 54.5 54.3 52.3 52.0 54.5 47.5 46.1 2

 3 Checkable deposits and currency 56.6 103.2 89.0 102.0 67.6 69.3 89.4 77.4 67.6 74.4 87.2 3

 4 Time and savings deposits 124.1 140.3 166.3 149.6 157.0 151.4 151.8 153.9 157.0 158.8 171.3 4

 5 Money market fund shares 54.2 57.4 59.0 62.6 65.7 63.6 63.7 64.5 65.7 66.5 66.4 5

 6 Security RPs 143.6 132.5 116.1 123.2 129.4 125.2 125.3 127.0 129.4 130.9 130.7 6

 7 Credit market instruments 844.5 925.3 994.6 1036.1 1077.6 1049.1 1046.9 1063.3 1077.6 1086.9 1085.6 7

 8 Open market paper 120.2 137.6 152.0 161.4 169.4 163.9 164.1 166.2 169.4 171.4 174.8 8

 9 Agency- and GSE-backed securities (1) 241.1 288.3 330.2 350.6 368.1 356.1 356.5 361.2 368.1 372.5 371.8 9

10 Municipal securities 3.7 4.0 4.1 4.4 4.6 4.4 4.4 4.5 4.6 4.6 4.6 10

11 Corporate and foreign bonds 84.3 95.5 104.6 111.1 116.6 112.8 113.0 114.5 116.6 118.0 117.8 11

12 Mortgages 208.2 206.1 201.2 206.5 214.7 210.5 209.2 211.2 214.7 216.4 216.4 12

13 Consumer credit 67.0 80.1 92.8 94.1 98.4 93.9 92.6 99.2 98.4 100.6 98.6 13

14 Other loans and advances (2) 119.9 113.8 109.7 108.1 105.8 107.4 107.1 106.5 105.8 103.3 101.5 14

15 Corporate equities 93.8 88.4 79.6 84.5 88.7 85.9 85.9 87.1 88.7 89.8 89.6 15

16 Mutual fund shares 31.0 28.3 24.4 25.9 27.2 26.3 26.3 26.7 27.2 27.5 27.4 16

17 Trade receivables 138.6 151.9 151.2 177.6 194.5 185.9 189.4 190.0 194.5 196.7 199.3 17

18 Taxes receivable 84.7 125.9 120.8 176.3 176.8 201.8 188.4 190.3 176.8 194.7 190.9 18

19 Miscellaneous assets 252.7 235.9 201.7 192.0 184.9 192.1 189.9 188.6 184.9 171.2 148.5 19

20 Total liabilities 5735.8 5909.3 6342.2 6985.2 7540.4 7155.8 7243.6 7374.5 7540.4 7739.3 7727.5 20

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

22 Treasury currency 23.2 24.5 25.5 26.0 26.7 26.2 26.5 26.7 26.7 26.9 27.2 22

23 Credit market instruments 4257.8 4339.4 4714.0 5219.3 5674.0 5384.1 5447.0 5548.6 5674.0 5867.6 5842.2 23

24 Savings bonds 184.8 190.3 194.9 203.8 204.4 204.4 204.6 204.1 204.4 204.2 204.2 24

25 Other Treasury securities (3) 2862.1 2833.1 3059.3 3440.5 3780.3 3565.6 3601.1 3685.2 3780.3 3924.3 3858.4 25

26 Budget agency securities 27.3 26.8 27.3 24.9 24.3 25.1 24.2 24.2 24.3 24.1 23.7 26

27 Municipal securities 1183.6 1289.2 1432.6 1550.1 1665.0 1588.9 1617.2 1635.0 1665.0 1715.0 1756.0 27

28 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Trade payables 704.9 733.5 762.9 866.0 915.6 883.0 897.1 909.6 915.6 929.4 944.0 29

30 Insurance reserves 36.4 37.8 39.4 40.5 41.6 40.5 40.9 41.0 41.6 41.6 42.0 30

31 Miscellaneous liabilities (4) 711.3 772.0 798.2 831.3 880.3 819.8 829.8 846.5 880.3 871.6 869.9 31

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

(2) Excludes loans to state and local governments.

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

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

 retirement and disability fund.
112 Z.1, September 21, 2005

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net acquisition of financial assets 11.8 47.8 45.2 -27.2 -40.6 -47.0 -49.3 -88.5 -103.6 -90.9 -55.5 -16.2 -22.7 1

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

 3 Time and savings deposits -9.1 6.4 13.1 4.8 10.8 13.3 15.1 -9.3 17.4 6.2 4.1 1.7 1.7 3

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

 5 Security RPs -1.1 -0.0 -4.2 -0.2 3.2 0.3 0.6 2.0 -2.5 0.8 0.5 0.2 0.2 5

 6 Credit market instruments 17.1 22.9 35.6 24.1 -8.9 39.7 -20.1 84.6 -88.2 5.3 16.3 13.3 25.3 6

 7 Open market paper -1.1 -0.0 -4.2 -0.2 3.2 0.3 0.6 2.0 -2.5 0.8 0.5 0.2 0.2 7

 8 Treasury securities -11.0 -5.6 10.1 2.0 -4.6 3.7 -20.2 4.1 -8.4 0.6 1.9 1.6 2.8 8

 9 Agency- and GSE-backed securities 11.5 15.9 30.7 4.7 -10.8 8.6 -16.7 32.0 -26.6 1.8 6.1 5.1 10.0 9

10 Corporate and foreign bonds 20.8 14.0 2.7 17.4 3.1 26.5 16.4 46.5 -49.9 2.3 7.8 6.5 12.4 10

11 Mortgages -3.1 -1.4 -3.7 0.2 0.1 0.6 -0.3 0.1 -0.8 -0.0 0.0 -0.1 -0.1 11

12 Corporate equities 8.7 6.8 -3.8 -51.1 -55.3 -100.9 -54.6 -154.6 -65.7 -124.0 -90.0 -43.3 -36.3 12

13 Mutual fund shares 2.3 4.4 3.7 1.9 -2.2 1.3 3.3 -4.5 34.4 15.6 10.0 18.2 -6.2 13

14 Miscellaneous assets -6.1 7.3 0.1 -6.9 11.7 -1.2 5.9 -7.0 -0.2 4.9 3.5 -6.4 -7.6 14

15 Unallocated insurance contracts (1) -5.0 -0.6 -5.1 -6.0 2.3 -5.6 -3.8 -14.4 -4.6 5.1 3.2 -4.6 -5.3 15

16 Contributions receivable 5.6 7.4 6.2 -0.3 -0.3 3.5 8.0 2.7 11.8 -0.1 0.1 -1.1 -1.4 16

17 Other -6.7 0.6 -1.0 -0.6 9.7 0.9 1.8 4.8 -7.4 -0.1 0.1 -0.7 -0.9 17

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 52.4 51.4 40.4 53.4 38.7 29.4 33.4 12.9 9.7 16.3 17.3 24.2 18.5 1

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

 3 Time and savings deposits -8.0 -9.9 -6.3 -0.2 -5.5 -5.8 13.3 -19.6 0.2 0.9 0.5 0.7 0.3 3

 4 Money market fund shares 1.0 6.5 5.3 6.0 10.8 13.1 1.9 11.7 1.7 3.8 2.3 1.5 0.8 4

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

 6 Credit market instruments 8.8 13.3 4.1 -7.6 2.4 6.1 -5.9 14.7 -8.2 8.0 9.4 0.9 9.5 6

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

 8 Treasury securities 2.6 1.2 6.7 -2.5 -0.2 -1.2 -13.0 -1.8 1.2 -0.3 2.7 -0.2 2.1 8

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

10 Corporate and foreign bonds 6.9 13.2 -9.3 -4.3 -0.5 7.2 4.5 3.6 -7.8 2.4 4.9 1.7 3.4 10

11 Mortgages -0.6 -0.2 -1.4 0.5 0.5 0.1 -0.0 1.6 0.0 0.1 -0.0 -0.0 -0.1 11

12 Corporate equities 27.6 13.4 4.1 -21.0 -20.4 -41.3 24.1 -105.7 -17.0 -5.8 -31.4 -1.5 -7.8 12

13 Mutual fund shares 13.0 22.4 20.1 43.1 25.3 41.4 -6.8 107.1 49.6 2.3 40.4 33.4 32.0 13

14 Miscellaneous assets 8.8 4.6 15.0 32.6 24.2 14.7 7.8 2.1 -17.9 6.3 -4.6 -11.2 -16.5 14

15 Unallocated insurance contracts (2) 10.6 12.9 8.9 23.7 12.2 4.6 -11.0 4.5 -19.6 5.1 -7.8 -12.5 -11.3 15

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

17 Other -6.2 -13.2 0.6 4.5 7.7 6.5 5.5 7.9 -0.5 0.5 3.2 1.5 -4.2 17

(1) Includes 401(k) type plans.

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total held at: 82.9 86.7 85.6 122.2 132.8 151.8 191.5 219.7 239.8 182.9 194.8 211.7 244.7 1

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

 3 Saving institutions -8.3 -9.1 -6.3 -1.9 -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.3 -1.4 3

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

 5 Life insurance companies 4.9 12.6 13.2 11.2 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 29.7 5

 6 Money market mutual funds 3.0 5.0 13.7 12.9 13.8 2.0 25.0 20.0 4.0 18.0 11.0 -14.0 -11.0 6

 7 Mutual funds 39.0 58.7 11.6 64.0 48.8 93.4 88.7 93.8 48.4 31.1 20.4 107.0 73.5 7

 8 Other self-directed accounts 43.8 22.7 54.5 28.3 62.1 13.6 58.6 70.6 160.9 102.7 73.1 108.3 151.2 8

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

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7).
Z.1, September 21, 2005 113

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

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

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1079.9 1195.1 1276.0 1460.5 1579.0 1746.8 1885.4 2071.7 1914.0 1685.5 1409.2 1680.0 1810.6 1

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

 3 Time and savings deposits 47.6 54.1 67.1 71.9 82.7 96.0 111.1 101.7 119.1 125.3 129.4 131.1 132.9 3

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

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

 6 Credit market instruments 379.8 402.7 438.3 462.4 453.5 493.1 473.0 557.6 469.5 474.8 491.1 504.5 529.8 6

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

 8 Treasury securities 73.7 68.1 78.2 80.2 75.6 79.3 59.1 63.2 54.8 55.4 57.3 58.9 61.7 8

 9 Agency- and GSE-backed securities 135.8 151.7 182.4 187.1 176.4 185.0 168.3 200.2 173.6 175.4 181.5 186.6 196.6 9

10 Corporate and foreign bonds 144.7 158.7 161.4 178.8 181.9 208.4 224.8 271.3 221.5 223.7 231.5 238.0 250.4 10

11 Mortgages 9.9 8.5 4.7 4.9 5.0 5.6 5.3 5.3 4.6 4.6 4.6 4.5 4.4 11

12 Corporate equities 484.5 555.6 559.9 699.6 785.8 876.0 986.6 1069.9 958.7 723.8 456.6 643.0 719.9 12

13 Mutual fund shares 15.6 22.3 39.0 54.8 63.8 81.4 101.0 122.8 150.3 148.5 130.8 185.0 206.0 13

14 Miscellaneous assets 135.5 143.5 158.2 158.3 176.4 182.6 194.9 198.7 196.9 192.3 179.9 194.8 200.1 14

15 Unallocated insurance contracts (1) 69.6 69.7 79.2 80.3 88.9 90.7 93.3 89.6 83.4 79.0 66.4 83.1 90.7 15

16 Contributions receivable 30.7 38.0 44.2 43.9 43.6 47.1 55.1 57.8 69.6 69.5 69.6 68.5 67.1 16

17 Other 35.2 35.8 34.8 34.2 43.9 44.8 46.6 51.4 43.9 43.9 43.9 43.2 42.3 17

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

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

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

 1 Total financial assets 956.1 1087.9 1157.9 1428.3 1627.7 1942.5 2219.4 2499.6 2441.0 2230.8 1900.1 2347.4 2662.3 1

 2 Checkable deposits and currency 2.0 2.2 2.3 2.7 3.1 4.0 2.5 3.5 4.8 5.0 5.2 5.2 5.3 2

 3 Time and savings deposits 51.1 41.3 35.0 34.7 29.3 23.4 36.7 17.0 17.3 18.2 18.6 19.3 19.6 3

 4 Money market fund shares 19.8 26.3 31.6 37.5 48.4 61.4 63.4 75.1 76.7 80.5 82.8 84.4 85.1 4

 5 Security RPs 11.6 12.6 10.6 10.7 12.1 12.7 13.2 14.9 15.0 15.8 16.2 16.5 16.7 5

 6 Credit market instruments 135.8 149.0 153.1 145.5 147.9 154.0 148.1 162.7 154.5 162.5 171.9 172.8 182.3 6

 7 Open market paper 13.6 14.3 12.3 13.0 15.4 16.3 18.8 23.8 21.2 21.4 23.6 21.2 22.1 7

 8 Treasury securities 35.0 36.3 43.0 40.5 40.2 39.0 26.0 24.2 25.4 25.1 27.8 27.6 29.7 8

 9 Agency- and GSE-backed securities 20.7 18.9 29.1 27.1 27.3 26.4 26.5 32.8 33.7 39.3 39.0 40.7 43.9 9

10 Corporate and foreign bonds 61.8 75.0 65.7 61.4 61.0 68.1 72.7 76.2 68.5 70.9 75.8 77.5 80.9 10

11 Mortgages 4.7 4.5 3.1 3.6 4.0 4.1 4.1 5.7 5.7 5.8 5.8 5.8 5.6 11

12 Corporate equities 389.2 458.7 453.8 578.3 659.4 790.6 961.2 1011.4 956.3 838.3 640.1 848.9 971.3 12

13 Mutual fund shares 80.6 119.9 166.9 272.0 348.5 488.2 567.1 774.8 796.0 713.5 621.3 808.7 967.7 13

14 Miscellaneous assets 266.1 278.0 304.7 346.8 379.1 408.3 427.2 440.2 420.4 397.1 344.0 391.5 414.3 14

15 Unallocated insurance contracts (2) 178.0 198.2 218.7 252.0 272.2 291.3 291.3 306.8 285.2 260.7 204.3 250.6 278.6 15

16 Contributions receivable 23.7 28.6 34.1 38.5 42.8 46.4 59.8 49.5 51.7 52.4 52.4 52.2 51.1 16

17 Other 64.4 51.3 51.9 56.4 64.1 70.6 76.1 83.9 83.4 84.0 87.2 88.7 84.5 17

(1) Includes 401(k) type plans.

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

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

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

 1 Total held at: 873.0 993.0 1056.0 1288.0 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 3080.0 3475.0 1

 2 Commercial banking 148.6 145.8 144.7 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.0 168.0 2

 3 Saving institutions 94.2 85.1 78.9 76.9 73.0 67.0 61.8 58.7 56.4 54.6 53.9 55.1 53.7 3

 4 Credit unions 32.1 31.8 31.8 33.0 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 4

 5 Life insurance companies 55.6 69.5 78.7 94.3 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 379.0 5

 6 Money market mutual funds 42.6 47.6 61.3 74.2 88.0 90.0 115.0 135.0 139.0 157.0 168.0 154.0 143.0 6

 7 Mutual funds 187.2 263.1 274.9 381.3 482.0 654.0 818.0 1078.0 1045.0 958.0 821.0 1092.0 1279.0 7

 8 Other self-directed accounts 312.6 350.2 385.8 477.2 527.9 570.0 778.3 949.5 949.4 998.4 973.0 1227.6 1404.6 8

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

 (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7).
Z.1, September 21, 2005 Flow of Funds Matrix for 2004

(Billions of dollars; All Sectors -- Flows)

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of Financial 

Organizations Business Governments Government Sectors the World Sectors 

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

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

 1 Gross saving and net cap. transfers -- 1289.5 -- 1139.3 -- 181.3 -- -350.7 -- 2259.4 -- 653.4 -- 229. 2 Capital consumption -- 936.9 -- 887.4 -- 135.3 -- 93.8 -- 2053.4 -- -- -- 83.6  3 Net saving (1 less 2) -- 352.5 -- 251.9 -- 46.1 -- -444.5 -- 206.0 -- 653.4 -- 145.5  4 Gross investment (5 plus 11) 1269.5 -- 1185.8 -- 222.6 -- -358.1 -- 2319.7 -- 583.0 -- -14.0 --  5 Capital expenditures 1589.2 -- 1111.1 -- 282.3 -- 101.9 -- 3084.6 -- 0.0 -- 134.1 --  6 Consumer durables 918.1 -- -- -- -- -- -- -- 918.1 -- -- -- -- --  7 Residential 572.5 -- 93.6 -- -- -- -- -- 666.1 -- -- -- 7.7 --  8 Nonresidential 98.6 -- 973.8 -- 270.6 -- 101.9 -- 1444.9 -- -- -- 126.4 --  9 Inventory change -- -- 55.4 -- -- -- -- -- 55.4 -- -- -- -- -- 10 Nonproduced nonfinancial assets -- -- -11.8 -- 11.7 -- 0.0 -- -0.0 -- 0.0 -- -- -- 11 Net financial investment -319.7 -- 74.7 -- -59.8 -- -460.1 -- -764.9 -- 582.9 -- -148.1 -- 12 Financial uses 779.3 -- 698.1 -- 86.8 -- -27.9 -- 1536.4 -- 1258.4 -- 2515.9 -- 13 Financial sources -- 1099.1 -- 623.5 -- 146.6 -- 432.2 -- 2301.3 -- 675.4 -- 2664.0 14 Gold and off. fgn. exchange -- -- -- -- -- -- -3.1 -- -3.1 -- -0.4 -3.2 0.3 -- 15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -- 16 Treasury currency -- -- -- -- -- -- -- 0.7 -- 0.7 -- -- 1.0 -- 17 Foreign deposits 36.3 -- 6.4 -- -- -- -- -- 42.6 -- -- 111.3 7.0 -- 18 Interbank claims -- -- -- -- -- -- -- -- -- -- -87.5 -- -4.2 -76.7 19 Checkable dep. and currency -28.0 -- 107.2 -- -2.2 -- -31.0 -- 45.9 -- 41.7 -- 31.1 149.3 20 Time and savings deposits 387.8 -- 16.6 -- 7.3 -- -0.0 -- 411.7 -- 72.8 -- 11.8 496.4 21 Money market fund shares -56.4 -- -15.2 -- 3.1 -- -- -- -68.4 -- -- -- -68.1 -136.5 22 Fed. funds and security RPs -- -- 0.5 -- 6.1 -- -- -- 6.6 -- 186.9 -- 14.6 82.7 23 Credit market instruments 129.6 1007.0 25.1 419.2 60.1 115.1 3.9 361.9 218.6 1903.3 754.4 82.2 1794.1 781.7 24 Open market paper 30.2 -- 15.8 15.8 8.0 -- -- -- 54.1 15.8 30.6 63.7 29.0 34.2 25 Treasury securities 43.3 -- 0.7 -- 22.2 -- -- 362.5 66.2 362.5 358.5 -- -62.2 -- 26 Agency- and GSE-backed sec. 128.8 -- -0.5 -- 17.5 -- 0.0 -0.6 145.8 -0.6 104.8 -- -133.1 118.27 Municipal securities 34.3 9.7 4.9 5.2 0.2 115.0 -- -- 39.5 129.9 -- -- 90.4 -- 28 Corporate and fgn. bonds -119.4 -- -- 77.7 5.5 -- -- -- -113.8 77.7 254.4 19.2 473.6 517.2 29 Bank loans n.e.c. -- 4.0 -- 28.2 -- -- -- -- -- 32.2 -- 2.5 47.0 12.4 30 Other loans and advances -- 0.5 -- 31.0 -- 0.2 -2.0 -- -2.0 31.6 6.3 -3.1 98.5 74.31 Mortgages 12.2 896.2 2.8 261.2 6.6 -- 1.6 0.0 23.2 1157.4 -- -- 1159.9 25.6 32 Consumer credit -- 96.7 1.5 -- -- -- 4.3 -- 5.7 96.7 -- -- 91.0 -- 33 Corporate equities -285.5 -- -- -157.0 -5.2 -- -- -- -290.6 -157.0 61.9 83.2 263.2 108.3 34 Mutual fund shares 259.0 -- 5.0 -- -1.6 -- -- -- 262.5 -- -- -- 36.7 299.35 Trade credit -- 9.0 192.7 165.5 6.3 31.4 10.6 18.2 209.5 224.1 -0.4 3.3 0.5 7.8 36 Security credit 103.0 81.5 -- -- -- -- -- -- 103.0 81.5 0.0 0.0 63.6 85.37 Life insurance reserves 33.1 -- -- -- -- -- -- 1.1 33.1 1.1 -- -- -- 32.0 38 Pension fund reserves 209.9 -- -- -- -- -- -- -- 209.9 -- -- -- -- 209.9 39 Taxes payable -- -- -- 11.3 20.7 -- -8.8 -- 11.9 11.3 -- -- -- 13.4 40 Equity in noncorp. business -50.3 -- -- -47.8 -- -- -- -- -50.3 -47.8 -- -- -- -2.5 41 Miscellaneous 40.9 1.6 359.9 232.3 -7.9 -- 0.6 50.3 393.5 284.1 228.9 398.7 364.4 614.0 42 Sector discrepancies (1 less 4) 20.0 -- -46.5 -- -41.2 -- 7.5 -- -60.3 -- 70.4 -- 243.1 -- General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Z.1, September 21, 2005 Flow of Funds Matrix for 2004

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

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of Fi

Organizations Business Governments Government Sectors the World S

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

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

 1 Total financial assets 36499.9 -- 12721.1 -- 2004.3 -- 615.5 -- 51840.7 -- 9787.9 -- 46570.3  2 Total liabilities and equity -- 10702.0 -- 30930.2 -- 2426.5 -- 5509.8 -- 49568.4 -- 7448.8 --  3 Total liabilities -- 10702.0 -- 13990.0 -- 2426.5 -- 5509.8 -- 32628.3 -- 4928.8 --  4 Monetary gold and SDRs -- -- -- -- -- -- 13.6 -- 13.6 -- -- -- 11.0  5 IMF Position -- -- -- -- -- -- 19.6 -- 19.6 -- -- 19.5 -0.1  6 Official foreign exchange -- -- -- -- -- -- 21.4 -- 21.4 -- -- 42.7 21.4  7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2.2  8 Treasury currency -- -- -- -- -- -- -- 26.7 -- 26.7 -- -- 36.4  9 Foreign deposits 101.4 -- 44.5 -- -- -- -- -- 146.0 -- -- 964.7 78.5 10 Interbank claims -- -- -- -- -- -- -- -- -- -- 32.7 -- 66.5 11 Checkable dep. and currency 258.1 -- 851.4 -- 45.6 -- 21.9 -- 1177.1 -- 397.2 -- 320.8 12 Time and savings deposits 4328.3 -- 308.0 -- 154.6 -- 2.4 -- 4793.2 -- 214.0 -- 375.7 13 Money market fund shares 903.5 -- 327.9 -- 65.7 -- -- -- 1297.1 -- -- -- 582.7 14 Fed. funds and security RPs -- -- 6.5 -- 129.4 -- -- -- 135.8 -- 647.1 -- 613.2 15 Credit market instruments 2489.1 10258.8 369.0 7835.2 1184.1 1674.9 289.5 4395.0 4331.6 24163.8 4679.7 891.1 27734.4 16 Open market paper 136.1 -- 91.5 101.7 169.4 -- -- -- 397.0 101.7 135.3 228.7 874.5 17 Treasury securities 472.8 -- 77.8 -- 386.1 -- -- 4370.7 936.6 4370.7 1900.2 -- 1533.9 18 Agency- and GSE-backed sec. 539.6 -- 11.6 -- 368.1 -- 0.0 24.3 919.3 24.3 761.6 -- 4544.7 19 Municipal securities 758.8 193.6 43.7 169.4 4.6 1665.0 -- -- 807.0 2028.0 -- -- 1221.0 20 Corporate and fgn. bonds 420.6 -- -- 2946.3 116.6 -- -- -- 537.2 2946.3 1751.3 560.2 4814.2 21 Bank loans n.e.c. -- 71.8 -- 1076.9 -- -- -- -- -- 1148.8 -- 63.3 1325.3 22 Other loans and advances -- 119.7 -- 873.4 -- 9.9 115.7 -- 115.7 1003.0 131.2 38.9 1370.8 23 Mortgages 161.3 7733.7 79.6 2667.5 139.3 -- 75.4 0.0 455.6 10401.2 -- -- 10073.4 24 Consumer credit -- 2139.9 64.8 -- -- -- 98.4 -- 163.2 2139.9 -- -- 1976.7 25 Corporate equities 6334.9 -- -- 10848.1 88.7 -- -- -- 6423.7 10848.1 2070.7 2520.1 8883.6 26 Mutual fund shares 3729.4 -- 143.0 -- 27.2 -- -- -- 3899.6 -- -- -- 1536.4 27 Trade credit -- 156.7 2309.8 1916.6 132.6 751.6 61.8 164.1 2504.2 2988.9 48.3 50.8 163.0 28 Security credit 578.3 264.0 -- -- -- -- -- -- 578.3 264.0 0.0 0.0 459.6 29 Life insurance reserves 1060.4 -- -- -- -- -- -- 41.6 1060.4 41.6 -- -- -- 30 Pension fund reserves 10115.3 -- -- -- -- -- -- -- 10115.3 -- -- -- -- 31 Taxes payable -- -- -- 172.0 93.9 -- 82.9 -- 176.8 172.0 -- -- -- 32 Equity in noncorp. business 6098.3 -- -- 6092.1 -- -- -- -- 6098.3 6092.1 -- -- -- 33 Miscellaneous 502.8 22.5 8361.0 4066.2 82.5 -- 102.5 880.3 9048.7 4969.0 1698.1 2960.0 5684.9 General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2  the sum of corporate equities (line 25) and equity in noncorporate business (line 32). The matrix shows a discrepancy in column 17 for monetary gold and SDRs (line 4) because by international accounting convention, such instruments are financial assets without corresponding liabilities.
116 Z.1, September 21, 2005

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

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

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

 

 1 Assets 28502.2 29479.8 32708.8 35628.5 39728.4 43542.6 49001.6 49086.6 48769.0 47767.8 53673.9 59031.2 1

 2 Tangible assets 10305.6 10638.7 11243.1 11724.8 12387.9 13399.1 14479.2 15778.7 17008.9 18401.4 20025.6 22531.3 2

 3 Financial assets 18196.5 18841.1 21465.7 23903.7 27340.5 30143.5 34522.4 33307.9 31760.0 29366.4 33648.3 36499.9 3

 4 Deposits 3191.2 3145.7 3336.5 3484.0 3653.9 3857.9 4033.3 4326.5 4770.5 5050.4 5226.2 5591.3 4

 5 Credit market instruments 1883.2 2174.0 2198.5 2375.1 2330.0 2372.7 2501.8 2363.2 2148.2 2089.3 2371.6 2489.1 5

 6 Equity shares at market value 5683.8 5680.2 7605.7 9194.4 11829.0 13725.1 17266.3 15329.1 13085.3 9981.8 12998.6 14361.9 6

 7 Directly held 3404.5 3249.0 4347.5 5112.5 6635.0 7481.1 9596.0 8090.7 6720.9 4997.2 6189.4 6334.9 7

 8 Indirectly held 2279.4 2431.2 3258.2 4081.9 5194.0 6244.0 7670.3 7238.4 6364.5 4984.6 6809.1 8026.9 8

 9 Life insurance companies 163.5 199.6 274.7 373.3 510.5 665.4 904.4 882.8 806.5 692.5 887.3 1056.2 9

10 Private pension funds 1096.1 1135.9 1490.4 1727.2 2087.3 2456.1 2796.3 2657.4 2178.3 1585.5 2167.4 2516.1 10

11 Defined benefit plans 565.5 578.6 729.9 825.9 931.0 1056.7 1161.2 1068.0 825.7 535.3 764.3 859.9 11

12 Defined contribution plans 530.6 557.3 760.5 901.4 1156.4 1399.5 1635.1 1589.4 1352.5 1050.2 1403.0 1656.3 12

13 State and local govt. retirement funds 506.2 521.7 703.5 846.6 1051.3 1188.1 1407.7 1298.7 1260.4 1056.8 1447.6 1667.0 13

14 Federal government retirement funds 4.4 6.2 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.3 14

15 Mutual funds 497.7 546.3 743.3 1070.1 1451.9 1811.0 2400.1 2213.1 1943.9 1503.3 2091.6 2534.0 15

16 Other 7438.3 7841.2 8325.1 8850.2 9527.5 10187.8 10721.0 11289.1 11755.9 12245.0 13052.0 14057.5 16

17 Liabilities 4403.3 4730.4 5067.7 5424.1 5781.6 6240.0 6817.0 7397.1 7969.9 8675.7 9588.1 10702.0 17

18 Net worth 24098.9 24749.4 27641.1 30204.4 33946.8 37302.6 42184.6 41689.5 40799.1 39092.1 44085.8 48329.2 18

 Memo:

19 Equity shares excluding defined benefit plans 4600.8 4558.3 6137.5 7476.0 9783.7 11400.0 14592.5 12832.6 10872.9 8282.2 10633.5 11661.4 19

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

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 19.9 19.3 23.3 25.8 29.8 31.5 35.2 31.2 26.8 20.9 24.2 24.3 20

21 Financial assets (line 3) 31.2 30.1 35.4 38.5 43.3 45.5 50.0 46.0 41.2 34.0 38.6 39.3 21

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

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