108 Z.1, December 11, 2008

F.100.a Nonprofit Organizations (1)

Billions of dollars

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

21 Credit market instruments 7.5 11.7 11.8 14.3 10.0 13.8 2.4 -0.6 11.0 10.6 23.4 13.5 19.3 21

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

23 Bank loans n.e.c. 0.2 -5.2 -1.1 -2.8 2.4 5.0 6.4 8.9 0.2 4.8 1.2 -6.8 -0.2 23

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

25 Commercial mortgages 5.8 13.8 9.7 12.9 5.4 7.7 -7.4 -9.6 4.7 -1.2 10.5 9.8 14.0 25

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

27 Miscellaneous liabilities (2) 7.4 5.8 10.9 13.8 13.8 14.3 16.5 29.1 17.3 18.7 21.4 17.0 45.4 27

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

(2) Not included in table F.100.
Z.1, December 11, 2008 109

L.100.a Nonprofit Organizations (1)

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

20 Credit market instruments 154.4 166.1 177.9 192.3 202.3 216.1 218.5 217.9 228.9 239.5 262.9 276.4 295.7 20

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

22 Bank loans n.e.c. 15.5 10.3 9.2 6.4 8.8 13.8 19.9 28.8 29.0 34.1 35.3 31.4 31.2 22

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

24 Commercial mortgages 59.0 72.8 82.5 95.5 100.9 108.5 101.5 91.9 96.6 95.1 105.6 112.5 126.6 24

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

26 Miscellaneous liabilities (2) 58.2 63.9 74.8 88.6 102.5 116.8 133.3 162.4 179.7 198.4 219.7 236.8 282.1 26

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

(2) Not included in table L.100.
110 Z.1, December 11, 2008

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2004 2005 2006 2007 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Current receipts, NIPA basis 3254.1 3620.4 3963.8 4177.8 4117.3 4181.1 4194.4 4218.1 4215.6 4049.9 4157.5 1

 2 Personal current taxes 1046.3 1207.8 1353.2 1492.8 1459.5 1489.4 1501.6 1520.5 1535.0 1346.1 1473.5 2

 3 Taxes on production and imports 863.8 928.2 976.2 1015.5 1002.7 1012.3 1019.2 1027.7 1025.8 1039.4 1042.5 3

 4 Taxes on corporate income 293.3 397.2 449.7 426.3 426.4 445.2 426.0 407.7 375.8 378.9 368.2 4

 5 Taxes from the rest of the world 10.0 12.1 13.4 14.0 12.4 12.8 13.0 17.9 15.3 14.8 14.9 5

 6 Contributions for govt. social insurance 828.8 874.3 925.5 965.1 959.8 959.1 966.0 975.3 992.2 995.4 998.7 6

 7 Income receipts on assets 99.1 109.8 120.4 129.5 126.9 128.8 130.9 131.3 132.7 135.6 136.4 7

 8 Current transfer receipts 117.0 104.3 134.2 142.6 140.4 142.0 143.3 144.5 145.9 147.4 131.2 8

 9 Current surplus of government enterprises -4.2 -13.4 -8.6 -7.9 -10.8 -8.5 -5.5 -6.7 -7.1 -7.7 -8.0 9

10 Current expenditures, NIPA basis 3623.2 3882.6 4118.8 4396.7 4319.3 4356.8 4434.0 4476.7 4598.7 4766.3 4802.5 10

11 Consumption expenditures 1844.0 1957.5 2081.5 2212.0 2151.2 2195.5 2234.4 2266.8 2324.3 2380.9 2440.1 11

12 Government social benefits 1399.1 1485.0 1581.4 1685.0 1668.8 1671.1 1691.7 1708.4 1749.5 1897.6 1834.6 12

13 Other current transfer payments 26.2 35.5 29.6 36.3 45.3 25.5 31.5 42.8 44.0 32.6 32.5 13

14 Interest payments 309.3 345.3 376.5 411.1 406.5 408.7 422.9 406.4 430.3 404.4 444.8 14

15 Subsidies 44.6 59.3 49.7 52.3 47.5 55.9 53.5 52.3 50.6 50.8 50.4 15

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

17 Net government saving, NIPA basis -369.1 -262.2 -155.0 -218.9 -202.0 -175.7 -239.5 -258.6 -383.1 -716.4 -645.0 17

18 + Consumption of fixed capital 230.2 252.3 268.0 289.4 282.2 287.0 291.8 296.3 300.5 305.7 312.2 18

19 - Insurance and pension fund reserves (2) 0.0 0.7 0.1 0.1 -0.7 0.3 -1.2 2.0 -2.7 0.5 -1.7 19

20 + Net capital transfers (3) 13.6 12.0 14.8 2.7 3.3 4.8 5.0 -2.1 -0.3 0.4 -1.6 20

21 = Gross saving and net capital transfers -125.3 1.4 127.7 73.0 84.2 115.9 58.5 33.6 -80.2 -410.8 -332.7 21

22 Gross investment -85.8 39.2 167.3 82.0 38.7 245.2 94.8 -50.8 -100.7 -250.8 -428.0 22

23 Fixed investment 372.8 397.8 426.7 462.8 445.8 460.4 469.1 476.1 473.9 492.8 503.8 23

24 Nonproduced nonfinancial assets 10.6 9.0 -3.7 9.7 9.3 6.6 13.3 9.4 3.3 -81.6 4.4 24

25 Net financial investment -469.2 -367.6 -255.6 -390.6 -416.3 -221.8 -387.7 -536.4 -577.9 -662.0 -936.2 25

26 Net acquisition of financial assets 89.4 147.9 148.8 157.4 97.4 131.1 314.0 87.2 67.2 -112.7 1249.0 26

27 Gold, SDRs, and official foreign exchange -3.1 -14.4 -2.7 -0.4 -0.2 -0.6 -0.3 -0.5 0.4 4.5 -1.3 27

28 Checkable deposits and currency -37.2 22.5 3.3 23.6 -68.8 -15.1 196.9 -18.6 -6.8 -32.8 1268.5 28

29 Time and savings deposits 11.6 11.8 26.5 37.3 25.1 22.5 41.0 60.8 17.1 -6.8 8.8 29

30 Money market fund shares 3.9 5.1 6.8 4.9 4.4 6.6 4.9 3.9 -1.1 -1.2 1.1 30

31 Security RPs 7.7 10.0 13.5 9.7 8.6 12.9 9.7 7.6 -2.2 -21.3 -87.9 31

32 Credit market instruments 49.5 60.1 88.5 32.7 61.2 88.2 2.6 -21.3 -66.9 -31.3 -15.1 32

33 Open market paper 10.1 13.1 17.6 -7.3 11.3 16.9 -27.3 -30.0 -66.9 -17.8 -77.2 33

34 Agency- and GSE-backed securities (4) 21.9 28.4 38.3 14.6 24.5 36.8 7.6 -10.3 -6.3 -11.9 46.0 34

35 Municipal securities 0.3 0.4 0.5 0.3 0.3 0.5 0.3 0.3 -0.1 0.0 0.1 35

36 Corporate and foreign bonds 6.9 9.0 12.1 8.8 7.8 11.7 8.7 6.9 -2.0 -5.0 1.9 36

37 Mortgages 9.9 13.1 18.2 12.3 12.5 17.1 10.4 9.2 -0.3 0.2 -1.1 37

38 Consumer credit 3.7 3.7 1.9 6.7 4.2 4.9 7.4 10.3 10.6 10.1 4.2 38

39 Other loans and advances (5) -3.3 -7.7 -0.0 -2.9 0.6 0.2 -4.6 -7.7 -1.8 -6.9 11.1 39

40 Corporate equities -4.2 2.5 -4.4 2.4 1.4 -15.1 2.3 21.0 43.7 -2.6 -8.4 40

41 Mutual fund shares -1.3 0.8 -1.3 0.7 0.4 -4.6 0.7 6.4 13.4 12.1 -6.1 41

42 Trade receivables 18.4 19.4 14.2 10.2 7.5 12.0 13.1 8.1 -0.2 -11.3 5.6 42

43 Taxes receivable 48.7 67.2 34.6 20.0 41.7 3.5 30.1 4.6 52.1 17.4 63.6 43

44 Miscellaneous assets -4.6 -37.0 -30.1 16.3 16.2 20.7 13.0 15.3 17.8 -39.4 20.3 44

45 Net increase in liabilities 558.6 515.5 404.4 548.0 513.7 352.9 701.7 623.7 645.2 549.3 2185.2 45

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

47 Treasury currency 0.7 0.8 0.6 0.7 0.4 1.3 1.4 -0.4 -0.9 -0.5 -1.2 47

48 Credit market instruments 452.1 385.7 298.4 407.8 418.1 180.5 559.0 473.5 523.6 357.2 2059.5 48

49 Savings bonds 0.6 0.7 -2.7 -6.0 -8.2 -6.1 -4.5 -5.0 -4.2 -1.1 -1.3 49

50 Other Treasury securities (6) 337.0 214.3 150.9 228.9 208.9 -18.7 412.5 312.9 452.4 340.1 1998.4 50

51 Budget agency securities -0.6 -0.4 -0.3 -0.4 -1.3 -0.1 -0.8 0.7 1.3 0.3 -1.7 51

52 Municipal securities 115.1 171.1 150.5 185.2 218.7 205.5 151.9 164.8 74.2 17.9 64.2 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 45.5 65.1 41.8 60.7 60.9 73.0 57.2 51.8 70.2 87.5 21.9 54

55 Insurance reserves 1.1 1.1 1.5 1.2 -0.1 2.3 -0.0 2.6 -0.3 2.0 -0.4 55

56 Miscellaneous liabilities (7) 59.2 62.8 62.1 77.6 34.5 95.8 84.1 96.2 52.6 103.2 105.4 56

57 Discrepancy -39.5 -37.7 -39.7 -8.9 45.5 -129.3 -36.3 84.5 20.5 -160.1 95.3 57

 Memo:

58 Net govt. saving less fixed investment (8) -741.9 -660.0 -581.6 -681.8 -647.8 -636.0 -708.6 -734.7 -857.0 -1209.3 -1148.8 58

59 Adjustment between NIPA and FOF (9) 272.2 291.5 324.9 290.0 229.7 413.1 319.7 197.4 277.3 546.0 211.3 59

60 Items to be financed (10) -469.7 -368.5 -256.7 -391.8 -418.0 -222.9 -389.0 -537.3 -579.7 -663.3 -937.5 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 the civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military

 retirement fund, and foreign service retirement and disability fund.

(8) Line 17 less line 23.

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

(10) Line 57 plus line 58.
Z.1, December 11, 2008 111

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

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

2004 2005 2006 2007 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2239.9 2369.4 2557.4 2750.4 2572.3 2646.4 2735.9 2750.4 2737.9 2734.7 3032.7 1

 2 Gold, SDRs, and official foreign exchange 54.5 35.3 34.5 36.3 34.7 34.4 36.0 36.3 39.2 39.0 44.6 2

 3 Checkable deposits and currency 64.1 89.3 91.5 113.5 58.9 73.5 122.2 113.5 94.9 106.0 417.2 3

 4 Time and savings deposits 173.0 184.8 211.2 248.6 215.8 217.1 229.4 248.6 250.6 244.4 249.1 4

 5 Money market fund shares 66.6 71.7 78.5 83.5 79.6 81.3 82.5 83.5 83.2 82.9 83.2 5

 6 Security RPs 131.2 141.2 154.6 164.3 156.8 160.0 162.4 164.3 163.8 158.5 136.5 6

 7 Credit market instruments 1074.9 1135.0 1223.6 1256.2 1241.3 1261.8 1263.7 1256.2 1242.0 1232.7 1230.2 7

 8 Open market paper 171.7 184.8 202.4 195.2 205.3 209.5 202.7 195.2 178.4 174.0 154.7 8

 9 Agency- and GSE-backed securities (1) 373.2 401.6 439.9 454.6 446.0 455.2 457.1 454.6 453.0 450.0 461.5 9

10 Municipal securities 4.7 5.0 5.5 5.8 5.6 5.7 5.8 5.8 5.8 5.8 5.8 10

11 Corporate and foreign bonds 118.2 127.2 139.4 148.1 141.3 144.2 146.4 148.1 147.6 146.4 146.9 11

12 Mortgages 216.6 229.7 247.9 260.2 251.1 255.3 257.9 260.2 260.2 260.2 259.9 12

13 Consumer credit 86.1 89.8 91.7 98.4 95.1 94.9 98.0 98.4 103.5 104.6 106.9 13

14 Other loans and advances (2) 104.5 96.8 96.8 93.9 96.9 97.0 95.8 93.9 93.5 91.7 94.5 14

15 Corporate equities 90.0 96.8 106.0 112.7 107.5 109.7 111.4 112.7 112.3 109.5 97.4 15

16 Mutual fund shares 27.5 29.6 32.5 34.5 32.9 33.6 34.1 34.5 34.4 36.7 31.8 16

17 Trade receivables 196.2 215.6 229.8 239.9 231.2 235.7 237.6 239.9 239.0 237.9 238.1 17

18 Taxes receivable 179.7 220.7 286.6 340.0 298.8 313.1 326.5 340.0 352.8 364.9 376.7 18

19 Miscellaneous assets 182.2 149.5 108.6 120.9 114.9 126.1 130.1 120.9 125.8 122.4 128.0 19

20 Total liabilities 7267.0 7764.2 8162.8 8711.1 8360.5 8330.5 8509.0 8711.1 8954.9 8961.7 9515.6 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 26.7 27.5 28.1 28.7 28.2 28.5 28.8 28.7 28.5 28.4 28.1 22

23 Credit market instruments 5678.8 6064.5 6362.9 6770.6 6553.8 6487.0 6624.0 6770.6 7000.0 6963.4 7477.2 23

24 Savings bonds 204.4 205.1 202.4 196.4 200.3 198.6 197.1 196.4 195.3 194.9 194.2 24

25 Other Treasury securities (3) 3777.2 3991.5 4142.4 4371.3 4279.0 4155.1 4271.5 4371.3 4580.2 4533.5 5047.7 25

26 Budget agency securities 24.3 23.8 23.5 23.1 23.2 23.2 23.0 23.1 23.5 23.5 23.1 26

27 Municipal securities 1673.0 1844.1 1994.6 2179.8 2051.3 2110.1 2132.6 2179.8 2201.1 2211.5 2212.2 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 616.1 681.2 723.1 783.8 740.1 761.9 776.4 783.8 803.1 828.8 834.5 29

30 Insurance reserves 41.6 42.7 44.2 45.4 44.2 44.7 44.7 45.4 45.3 45.8 45.7 30

31 Miscellaneous liabilities (4) 901.6 946.1 1002.4 1080.4 992.0 1006.2 1032.7 1080.4 1075.7 1093.2 1128.0 31

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
112 Z.1, December 11, 2008

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

 

 1 Net acquisition of financial assets -21.9 -35.9 -43.2 -46.5 -66.6 -75.3 -63.2 -34.6 -13.2 -37.1 -32.4 -38.6 -41.4 1

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

 3 Time and savings deposits 8.3 14.3 16.8 16.4 -19.7 -23.7 -35.1 -5.5 2.3 -4.8 5.6 0.4 1.6 3

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

 5 Security RPs -0.4 3.0 0.1 0.0 -0.3 -9.0 -1.5 -0.6 1.1 0.4 0.7 0.3 0.2 5

 6 Credit market instruments 21.8 -11.2 37.3 -23.7 89.0 -123.7 -19.6 -36.5 73.3 -10.5 33.8 24.3 104.8 6

 7 Open market paper -0.4 3.0 0.1 0.1 0.4 -7.4 -0.3 -1.4 -0.9 -0.3 0.6 0.3 -4.5 7

 8 Treasury securities 1.6 -5.1 3.2 -20.6 18.6 -11.7 -0.4 -12.7 14.3 -6.9 1.4 11.8 32.8 8

 9 Agency- and GSE-backed securities 3.2 -12.3 7.1 -18.2 30.4 -37.3 1.8 -17.9 35.6 7.7 16.1 -2.4 36.7 9

10 Corporate and foreign bonds 17.4 3.1 26.5 15.4 39.6 -66.1 -21.3 -4.7 24.3 -10.8 15.9 14.6 40.3 10

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

12 Corporate equities -60.8 -63.1 -105.3 -52.5 -128.9 85.1 39.6 -16.0 -34.9 -12.6 -43.6 -114.7 -232.5 12

13 Mutual fund shares 14.1 7.6 7.3 7.8 5.9 41.7 -17.6 20.2 -41.6 11.2 -8.7 16.4 18.0 13

14 Miscellaneous assets -5.2 13.4 0.3 4.9 -12.8 -47.0 -29.6 3.9 -13.4 -20.9 -20.4 34.5 66.2 14

15 Unallocated insurance contracts (1) -5.6 2.7 -5.3 -3.4 -14.2 -5.2 -1.0 11.0 -10.7 -24.5 -17.0 20.1 29.5 15

16 Contributions receivable 1.6 1.6 5.4 8.0 -7.5 -17.4 -25.8 -4.5 -0.0 -2.0 -1.9 -0.2 -0.2 16

17 Other -1.3 9.0 0.2 0.3 8.9 -24.4 -2.8 -2.6 -2.6 5.5 -1.5 14.5 36.9 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 54.9 39.6 27.4 88.1 51.8 51.9 43.4 51.5 39.8 46.9 51.8 48.8 38.8 1

 2 Checkable deposits and currency 0.6 0.6 1.0 -1.4 1.1 2.1 -1.4 0.5 0.1 0.1 0.2 0.2 0.4 2

 3 Time and savings deposits -0.2 -5.4 -5.8 13.3 -19.6 0.8 -1.3 1.6 0.7 0.2 0.6 0.7 1.0 3

 4 Money market fund shares 6.3 11.2 13.4 2.3 12.1 4.2 -6.1 9.4 -0.2 0.6 1.9 3.4 3.4 4

 5 Security RPs 0.7 1.9 1.1 1.1 2.3 3.9 -7.4 2.0 0.3 1.1 1.0 2.9 10.1 5

 6 Credit market instruments -4.9 5.1 7.1 16.6 18.2 -1.3 -16.4 27.9 -4.1 10.1 10.6 26.7 16.5 6

 7 Open market paper 1.3 3.0 1.5 3.0 5.6 1.3 -8.0 3.6 -2.3 0.6 1.5 2.7 -1.2 7

 8 Treasury securities -1.9 0.3 -1.2 7.4 -1.9 1.8 -7.2 9.3 -1.1 2.9 1.6 2.8 7.3 8

 9 Agency- and GSE-backed securities -1.6 1.0 -0.9 1.0 9.1 4.4 3.4 -1.5 2.7 3.6 2.5 13.1 2.2 9

10 Corporate and foreign bonds -3.4 0.2 7.6 5.0 3.5 -10.2 -1.8 16.1 -3.4 3.2 5.0 8.3 7.0 10

11 Mortgages 0.7 0.7 0.3 0.2 1.8 1.5 -2.8 0.4 -0.0 -0.1 0.0 -0.2 1.2 11

12 Corporate equities -30.2 -28.4 -45.4 21.0 -51.5 -22.3 67.0 -45.5 10.9 23.8 25.1 -3.6 -11.2 12

13 Mutual fund shares 57.8 38.0 48.0 45.8 93.5 75.6 35.7 39.7 37.9 24.8 18.9 24.9 21.3 13

14 Miscellaneous assets 24.7 16.7 7.9 -10.7 -4.2 -11.1 -26.7 16.0 -5.7 -13.9 -6.4 -6.4 -2.6 14

15 Unallocated insurance contracts (2) 13.4 2.1 -4.6 -20.1 -4.3 -30.4 12.9 1.2 -7.3 -10.8 -1.6 0.7 -0.3 15

16 Contributions receivable 3.8 3.8 3.0 4.8 -10.8 -1.7 1.2 6.0 -0.1 -1.1 0.0 -1.8 4.7 16

17 Other 7.6 10.8 9.6 4.5 10.9 21.0 -40.7 8.8 1.8 -2.0 -4.9 -5.3 -7.0 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: 122.2 132.8 151.8 191.5 219.7 239.8 182.9 200.4 192.5 228.1 262.0 303.5 348.5 1

 2 Commercial banking 6.5 0.7 0.1 -0.5 -3.4 8.9 3.1 5.4 0.5 1.9 7.3 26.7 8.7 2

 3 Saving institutions -1.9 -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.0 -1.1 0.1 3.9 13.5 3

 4 Credit unions 1.2 0.9 1.2 0.3 0.9 0.4 3.2 3.4 3.5 0.9 1.6 3.9 5.0 4

 5 Life insurance companies 11.2 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 -14.6 21.8 -0.5 23.8 5

 6 Money market mutual funds 12.9 8.9 2.0 24.0 23.0 7.0 24.0 16.0 -16.0 -15.0 9.0 32.0 45.0 6

 7 Mutual funds 62.5 53.3 94.6 89.7 95.6 49.7 33.2 18.7 104.3 70.4 73.2 103.3 114.1 7

 8 Other self-directed accounts 29.8 62.5 12.4 58.6 65.8 156.5 94.6 75.4 94.0 185.8 149.0 134.2 138.3 8

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

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
Z.1, December 11, 2008 113

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

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

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

 

 1 Total financial assets 1466.1 1590.2 1763.5 1907.7 2074.6 1979.0 1810.2 1639.3 1994.5 2132.2 2281.3 2531.5 2613.0 1

 2 Checkable deposits and currency 2.1 2.2 2.6 3.2 3.4 4.7 5.3 5.1 5.1 5.2 5.3 5.5 5.8 2

 3 Time and savings deposits 75.4 89.7 106.4 122.9 103.2 79.5 44.3 38.8 41.1 36.3 42.0 42.3 44.0 3

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

 5 Security RPs 11.2 14.2 14.2 14.3 14.0 4.9 3.5 2.8 3.9 4.4 5.1 5.4 5.6 5

 6 Credit market instruments 460.1 448.9 486.3 462.6 551.6 427.9 408.3 371.8 445.1 434.7 468.5 492.8 597.6 6

 7 Open market paper 11.2 14.2 14.2 14.4 14.8 7.4 7.1 5.7 4.8 4.5 5.1 5.5 1.0 7

 8 Treasury securities 79.7 74.7 77.9 57.2 75.9 64.2 63.9 51.2 65.5 58.6 60.0 71.8 104.6 8

 9 Agency- and GSE-backed securities 185.6 173.3 180.4 162.2 192.6 155.3 157.1 139.2 174.8 182.5 198.5 196.1 232.8 9

10 Corporate and foreign bonds 178.8 181.9 208.4 223.8 263.3 197.2 175.9 171.3 195.6 184.7 200.6 215.2 255.6 10

11 Mortgages 4.8 4.9 5.4 5.0 5.0 3.7 4.4 4.6 4.5 4.4 4.2 4.1 3.6 11

12 Corporate equities 688.8 764.3 844.0 949.1 1006.3 1076.0 1060.7 917.6 1170.8 1294.2 1392.8 1532.7 1395.8 12

13 Mutual fund shares 68.5 91.0 122.3 156.6 199.0 236.4 180.8 188.8 197.4 233.6 253.4 296.4 333.6 13

14 Miscellaneous assets 160.1 179.9 187.7 199.1 197.2 149.7 107.4 114.4 131.0 123.9 114.3 156.4 230.7 14

15 Unallocated insurance contracts (1) 80.7 89.9 92.0 95.1 91.9 86.1 72.4 86.4 105.7 95.0 88.8 116.5 154.2 15

16 Contributions receivable 45.8 47.5 52.8 60.9 53.4 36.0 10.2 5.7 5.7 3.7 1.8 1.6 1.4 16

17 Other 33.5 42.5 42.8 43.1 52.0 27.6 24.8 22.2 19.6 25.2 23.7 38.2 75.1 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 1432.7 1634.2 1949.3 2236.2 2519.2 2488.6 2238.0 2037.9 2525.6 2783.0 3014.2 3353.9 3539.4 1

 2 Checkable deposits and currency 2.8 3.4 4.3 2.9 4.0 6.1 4.7 5.1 5.2 5.3 5.5 5.7 6.0 2

 3 Time and savings deposits 34.8 29.4 23.7 37.0 17.4 18.2 17.0 18.6 19.3 19.5 20.0 20.8 21.8 3

 4 Money market fund shares 37.9 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 86.7 90.1 93.5 4

 5 Security RPs 11.3 13.2 14.3 15.4 17.7 21.6 14.2 16.2 16.5 22.1 23.1 26.0 36.2 5

 6 Credit market instruments 148.3 153.4 160.5 177.2 195.3 194.0 177.5 205.4 201.3 211.5 222.1 248.8 265.3 6

 7 Open market paper 13.7 16.6 18.1 21.1 26.6 27.9 19.9 23.6 21.3 21.9 23.4 26.1 24.9 7

 8 Treasury securities 41.0 41.3 40.1 47.5 45.6 47.4 40.2 49.5 48.4 51.3 52.8 55.6 62.9 8

 9 Agency- and GSE-backed securities 27.5 28.5 27.5 28.6 37.7 42.1 45.4 44.0 46.7 50.3 52.8 66.0 68.1 9

10 Corporate and foreign bonds 62.3 62.5 70.1 75.1 78.6 68.4 66.6 82.6 79.3 82.4 87.4 95.8 102.8 10

11 Mortgages 3.8 4.4 4.7 4.9 6.7 8.2 5.4 5.8 5.8 5.6 5.6 5.4 6.6 11

12 Corporate equities 568.0 638.8 759.7 920.1 959.9 894.6 848.0 670.9 925.8 1039.4 1144.2 1274.6 1302.8 12

13 Mutual fund shares 288.5 381.6 537.8 633.3 857.5 895.3 782.1 743.1 929.4 1044.6 1145.6 1306.2 1415.7 13

14 Miscellaneous assets 341.1 365.4 386.5 385.4 390.4 377.6 319.5 294.0 343.7 355.8 367.0 381.8 398.1 14

15 Unallocated insurance contracts (2) 241.4 251.1 259.7 249.2 254.1 222.0 203.4 163.2 211.3 233.5 249.6 271.4 290.1 15

16 Contributions receivable 37.9 41.7 44.7 49.6 38.7 37.0 38.2 44.2 44.1 43.0 43.0 41.2 45.8 16

17 Other 61.8 72.6 82.1 86.7 97.6 118.6 77.9 86.6 88.4 79.3 74.5 69.1 62.1 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: 1288.0 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 2993.0 3299.0 3652.0 4220.0 4747.0 1

 2 Commercial banking 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.1 168.0 175.3 202.0 210.7 2

 3 Saving institutions 76.9 73.0 67.0 61.8 58.7 56.4 54.6 53.8 54.8 53.7 53.8 57.6 71.2 3

 4 Credit unions 33.0 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 49.3 53.2 58.2 4

 5 Life insurance companies 94.3 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 347.0 381.0 406.0 435.0 5

 6 Money market mutual funds 74.1 83.0 85.0 109.0 132.0 139.0 163.0 179.0 163.0 148.0 157.0 189.0 234.0 6

 7 Mutual funds 376.4 481.0 654.0 819.0 1081.0 1049.0 963.3 824.0 1093.0 1277.0 1433.0 1698.0 1907.0 7

 8 Other self-directed accounts 482.1 533.9 575.0 783.3 949.5 945.4 987.1 959.0 1130.9 1257.7 1402.6 1614.2 1830.9 8

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

 (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund

 sector (line 6).
Z.1, December 11, 2008 Flow of Funds Matrix for 2007

(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 -- 1332.5 -- 1282.6 -- 246.6 -- -173.6 -- 2688.2 -- 720.9 -- 265. 2 Capital consumption -- 1080.9 -- 1053.7 -- 177.6 -- 111.8 -- 2424.0 -- -- -- 90.6  3 Net saving (1 less 2) -- 251.6 -- 228.8 -- 69.1 -- -285.4 -- 264.1 -- 720.9 -- 174.5  4 Gross investment (5 plus 11) 1474.5 -- 1410.8 -- 295.2 -- -213.2 -- 2967.3 -- 773.0 -- 74.5 --  5 Capital expenditures 1656.4 -- 1323.9 -- 350.6 -- 121.9 -- 3452.9 -- 0.5 -- 133.2 --  6 Consumer durables 993.4 -- -- -- -- -- -- -- 993.4 -- -- -- -- --  7 Residential 546.2 -- 91.1 -- 5.8 -- 2.6 -- 645.7 -- -- -- -7.1 --  8 Nonresidential 116.9 -- 1246.6 -- 333.8 -- 120.6 -- 1817.9 -- -- -- 140.3 --  9 Inventory change -- -- -3.6 -- -- -- -- -- -3.6 -- -- -- -- -- 10 Nonproduced nonfinancial assets -- -- -10.2 -- 11.0 -- -1.3 -- -0.5 -- 0.5 -- -- -- 11 Net financial investment -181.9 -- 86.9 -- -55.4 -- -335.1 -- -485.6 -- 772.5 -- -58.7 -- 12 Financial uses 743.4 -- 1578.8 -- 168.5 -- 4.1 -- 2494.9 -- 1693.9 -- 4713.4 -- 13 Financial sources -- 925.3 -- 1492.0 -- 223.9 -- 339.2 -- 2980.5 -- 921.4 -- 4772.14 Gold and off. fgn. exchange -- -- -- -- -- -- -0.4 -- -0.4 -- -0.2 -0.0 0.5 -- 15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -- 16 Treasury currency -- -- -- -- -- -- -- 0.7 -- 0.7 -- -- 0.5 -- 17 Foreign deposits 13.0 -- -0.6 -- -- -- -- -- 12.4 -- -- 216.7 50.2 -- 18 Interbank claims -- -- -- -- -- -- -- -- -- -- -120.7 -- 54.2 -64.7 19 Checkable dep. and currency -124.9 -- 105.2 -- -1.5 -- 25.1 -- 3.9 -- -5.6 -- 31.9 30.3 20 Time and savings deposits 430.5 -- 15.5 -- 36.2 -- 1.2 -- 483.4 -- 43.8 -- 78.8 606.0 21 Money market fund shares 239.0 -- 150.4 -- 4.9 -- -- -- 394.3 -- 7.2 -- 339.5 741.0 22 Fed. funds and security RPs -- -- -7.2 -- 9.7 -- -- -- 2.5 -- 78.8 -- 232.6 17.3 23 Credit market instruments 314.9 876.3 -48.3 1224.2 41.5 185.9 6.4 237.1 314.4 2523.4 1012.6 124.3 3083.5 1762.9 24 Open market paper -38.0 -- -64.1 11.3 -7.3 -- -- -- -109.4 11.3 -10.7 -67.4 -49.3 -113.3 25 Treasury securities -159.1 -- 14.6 -- 14.5 -- -- 237.5 -130.0 237.5 215.7 -- 151.7 -- 26 Agency- and GSE-backed sec. 329.5 -- 1.8 -- 14.6 -- 0.0 -0.4 346.0 -0.4 277.3 -- 285.1 908.7 27 Municipal securities 32.1 22.6 3.2 7.6 0.3 185.2 -- -- 35.6 215.4 -1.4 -- 181.2 -- 28 Corporate and fgn. bonds 138.8 -- -- 311.2 8.8 -- -- -- 147.6 311.2 425.0 170.7 579.3 670.29 Bank loans n.e.c. -- 11.4 -- 228.7 -- -- -- -- -- 240.1 -- 24.1 330.2 66.0 30 Other loans and advances 7.7 3.2 -- 278.7 -- 0.7 -2.2 -- 5.5 282.5 106.7 -3.2 392.9 225.8 31 Mortgages 3.8 705.4 -2.2 386.7 10.5 -- 1.9 0.0 13.9 1092.1 -- -- 1083.9 5.7 32 Consumer credit -- 133.6 -1.6 -- -- -- 6.7 -- 5.1 133.6 -- -- 128.5 -- 33 Corporate equities -839.8 -- -- -831.2 2.4 -- -- -- -837.4 -831.2 176.3 118.0 99.1 151.34 Mutual fund shares 270.1 -- 9.4 -- 0.7 -- -- -- 280.3 -- 14.0 -- 70.8 365.35 Trade credit -- 14.6 284.1 233.9 10.0 38.1 0.2 22.7 294.3 309.2 20.8 11.2 2.0 -2.4 36 Security credit 210.8 33.4 -- -- -- -- -- -- 210.8 33.4 0.0 0.0 65.7 243.0 37 Life insurance reserves 34.2 -- -- -- -- -- -- 1.2 34.2 1.2 -- -- -- 33.0 38 Pension fund reserves 177.7 -- -- -- -- -- -- -- 177.7 -- -- -- -- 177.7 39 Taxes payable -- -- -- 9.6 49.3 -- -29.4 -- 20.0 9.6 -- -- -- 16.0 40 Equity in noncorp. business -49.4 -- -- -55.6 -- -- -- -- -49.4 -55.6 -- -- -- 6.2 41 Miscellaneous 67.2 1.0 1070.4 911.0 15.3 -- 1.0 77.6 1153.9 989.6 467.0 451.3 604.1 689.6 42 Sector discrepancies (1 less 4) -141.9 -- -128.2 -- -48.5 -- 39.6 -- -279.1 -- -52.1 -- 190.6 -- General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Z.1, December 11, 2008 Flow of Funds Matrix for 2007

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

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of 

Organizations Business Governments Government Sectors the World 

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

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

 1 Total financial assets 49456.7 -- 17360.6 -- 2634.8 -- 659.0 -- 70111.2 -- 16048.8 -- 62647 2 Total liabilities and equity -- 14379.2 -- 41220.9 -- 2747.0 -- 6507.5 -- 64854.6 -- 13168.2 - 3 Total liabilities -- 14379.2 -- 18081.8 -- 2747.0 -- 6507.5 -- 41715.4 -- 7997.6 - 4 Monetary gold and SDRs -- -- -- -- -- -- 9.5 -- 9.5 -- -- -- 11 5 IMF Position -- -- -- -- -- -- 4.3 -- 4.3 -- -- 4.2 -0 6 Official foreign exchange -- -- -- -- -- -- 22.5 -- 22.5 -- -- 45.8 23 7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2 8 Treasury currency -- -- -- -- -- -- -- 28.7 -- 28.7 -- -- 38 9 Foreign deposits 78.2 -- 49.0 -- -- -- -- -- 127.3 -- -- 1302.5 13410 Interbank claims -- -- -- -- -- -- -- -- -- -- -24.0 -- 12411 Checkable dep. and currency 77.4 -- 651.4 -- 57.0 -- 56.5 -- 842.3 -- 305.9 -- 37612 Time and savings deposits 5839.4 -- 897.1 -- 245.7 -- 2.8 -- 6985.0 -- 211.1 -- 40613 Money market fund shares 1356.4 -- 664.4 -- 83.5 -- -- -- 2104.3 -- 32.8 -- 91614 Fed. funds and security RPs -- -- 8.4 -- 164.3 -- -- -- 172.7 -- 1107.8 -- 106115 Credit market instruments 4160.2 13815.3 376.9 10588.9 1512.0 2191.7 287.6 5122.3 6336.7 31718.2 7367.4 2016.5 3617816 Open market paper 149.7 -- 58.9 123.8 195.2 -- -- -- 403.7 123.8 276.9 412.2 110717 Treasury securities 191.1 -- 115.2 -- 531.5 -- -- 5099.2 837.8 5099.2 2432.1 -- 182918 Agency- and GSE-backed sec. 737.7 -- 18.2 -- 454.6 -- 0.0 23.1 1210.5 23.1 1571.3 -- 461519 Municipal securities 906.0 249.5 37.1 189.3 5.8 2179.8 -- -- 949.0 2618.6 33.0 -- 163620 Corporate and fgn. bonds 2017.6 -- -- 3559.1 148.1 -- -- -- 2165.7 3559.1 2780.5 1478.1 634621 Bank loans n.e.c. -- 107.7 -- 1549.1 -- -- -- -- -- 1656.8 -- 102.8 200022 Other loans and advances 16.1 127.0 -- 1496.0 -- 11.9 105.8 -- 121.9 1634.9 273.6 23.4 213023 Mortgages 142.0 10779.2 92.3 3671.6 176.9 -- 83.4 0.0 494.6 14450.7 -- -- 1411324 Consumer credit -- 2551.9 55.2 -- -- -- 98.4 -- 153.6 2551.9 -- -- 239825 Corporate equities 9300.2 -- -- 15242.9 112.7 -- -- -- 9412.9 15242.9 2750.5 5170.6 1302426 Mutual fund shares 4972.4 -- 224.8 -- 34.5 -- -- -- 5231.7 -- 324.5 -- 227227 Trade credit -- 214.5 2860.5 2419.3 168.4 555.4 71.5 228.4 3100.4 3417.6 83.5 71.9 19628 Security credit 866.4 325.5 -- -- -- -- -- -- 866.4 325.5 0.0 0.0 66029 Life insurance reserves 1201.5 -- -- -- -- -- -- 45.4 1201.5 45.4 -- -- -30 Pension fund reserves 13007.4 -- -- -- -- -- -- -- 13007.4 -- -- -- -31 Taxes payable -- -- -- 198.1 238.5 -- 101.5 -- 340.0 198.1 -- -- -32 Equity in noncorp. business 7898.7 -- -- 7896.2 -- -- -- -- 7898.7 7896.2 -- -- -33 Miscellaneous 698.4 23.9 11628.2 4875.4 18.1 -- 102.8 1080.4 12447.5 5979.7 3889.2 4556.7 7220General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2  the sum of corporate equities (line 25) and equity in noncorporate business (line 32). The matrix shows a discrepancy in column 17 for monetary gold and SDRs (line 4) because by international accounting convention, such instruments are financial assets without corresponding liabilities.
116 Z.1, December 11, 2008

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

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

 

 1 Assets 35292.6 39185.4 43502.4 49092.8 49619.4 50002.9 49599.0 56563.7 63153.4 69566.2 75045.0 76549.1 1

 2 Tangible assets 11772.5 12388.1 13411.8 14538.8 16233.6 17740.5 19257.1 21159.4 23963.9 27124.7 28061.2 27092.4 2

 3 Financial assets 23520.1 26797.2 30090.6 34554.0 33385.8 32262.4 30341.9 35404.3 39189.5 42441.5 46983.9 49456.7 3

 4 Deposits 3519.3 3686.8 3903.1 4078.3 4408.7 4912.0 5192.7 5403.8 5789.6 6179.2 6793.8 7351.5 4

 5 Credit market instruments 2534.8 2522.8 2582.8 2744.9 2654.1 2585.0 2762.3 3047.5 3355.2 3648.6 3842.8 4160.2 5

 6 Equity shares at market value 8701.1 11204.1 13581.8 17210.2 15354.8 13493.8 10614.3 14139.5 16008.9 17402.5 20075.3 20625.4 6

 7 Directly held 4712.2 6144.3 7511.2 9769.9 8147.3 6829.5 5161.2 6787.7 7495.9 8007.0 9275.4 9300.2 7

 8 Indirectly held 3988.9 5059.8 6070.6 7440.4 7207.5 6664.3 5453.1 7351.8 8513.0 9395.5 10800.0 11325.2 8

 9 Life insurance companies 373.3 510.5 665.4 904.4 882.8 806.5 692.5 887.3 1028.9 1140.1 1334.7 1466.8 9

10 Private pension funds 1724.4 2089.0 2462.4 2812.6 2871.2 2630.2 2223.6 2923.2 3301.8 3605.2 4044.6 4036.1 10

11 Defined benefit plans 821.4 926.6 1057.8 1154.3 1248.0 1184.6 1031.1 1300.2 1452.9 1567.7 1741.9 1629.2 11

12 Defined contribution plans 902.9 1162.4 1404.7 1658.3 1623.2 1445.6 1192.4 1623.0 1848.9 2037.4 2302.7 2406.9 12

13 State and local govt. retirement funds 892.5 1114.4 1268.4 1512.5 1428.5 1386.6 1157.4 1557.3 1761.2 1887.3 2130.6 2194.6 13

14 Federal government retirement funds 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.2 112.6 138.1 149.2 14

15 Mutual funds 979.9 1316.0 1631.3 2153.9 1968.4 1791.8 1333.7 1904.1 2321.9 2650.4 3151.9 3478.5 15

16 Other 8764.9 9383.6 10022.9 10520.6 10968.1 11271.6 11772.7 12813.5 14035.7 15211.1 16271.9 17319.6 16

17 Liabilities 5414.9 5762.1 6217.0 6794.4 7400.1 8031.2 8833.9 9860.3 11032.7 12181.4 13453.8 14379.2 17

18 Net worth 29877.7 33423.3 37285.4 42298.4 42219.3 41971.7 40765.1 46703.3 52120.6 57384.8 61591.2 62169.9 18

 Memo:

19 Equity shares excluding defined benefit plans 6987.2 9163.1 11255.6 14543.4 12678.3 10922.5 8418.9 11264.2 12775.5 13928.0 16181.4 16780.2 19

 (line 6 minus lines 11, 13 and part of line 14)

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 24.7 28.6 31.2 35.1 30.9 27.0 21.4 25.0 25.3 25.0 26.8 26.9 20

21 Financial assets (line 3) 37.0 41.8 45.1 49.8 46.0 41.8 35.0 39.9 40.9 41.0 42.7 41.7 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.