108 Z.1, September 17, 2007

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, September 17, 2007 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, September 17, 2007

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2002 2003 2004 2005 2006 2006 2007

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Current receipts, NIPA basis 2958.7 3035.6 3254.1 3589.1 3934.8 3849.7 3916.9 3955.6 4017.3 4102.3 4194.1 1

 2 Personal current taxes 1051.8 1001.1 1046.3 1209.1 1354.3 1318.6 1342.6 1355.2 1401.0 1454.7 1483.0 2

 3 Taxes on production and imports 762.8 807.2 863.8 921.6 967.3 953.3 965.9 971.2 978.9 990.8 1001.8 3

 4 Taxes on corporate income 182.6 233.1 293.3 376.5 435.5 415.9 441.8 451.9 432.5 432.1 470.0 4

 5 Taxes from the rest of the world 7.3 8.9 10.0 11.5 12.6 10.2 10.6 11.4 18.3 12.0 12.0 5

 6 Contributions for govt. social insurance 750.0 778.6 828.8 874.8 927.6 918.8 920.1 926.8 944.6 969.8 978.4 6

 7 Income receipts on assets 98.4 95.8 99.1 105.6 111.9 109.7 111.5 112.6 113.7 112.9 113.7 7

 8 Current transfer receipts 104.9 109.2 117.0 105.2 139.5 134.9 137.9 140.9 144.3 147.6 150.3 8

 9 Current surplus of government enterprises 0.9 1.7 -4.2 -15.1 -13.9 -11.7 -13.4 -14.5 -16.0 -17.8 -15.1 9

10 Current expenditures, NIPA basis 3240.8 3428.1 3623.2 3892.2 4130.3 4033.7 4113.9 4182.5 4191.1 4326.6 4377.5 10

11 Consumption expenditures 1616.9 1736.5 1844.0 1965.7 2089.3 2052.3 2076.7 2101.0 2127.2 2156.5 2206.8 11

12 Government social benefits 1251.6 1319.5 1399.1 1486.2 1588.7 1550.1 1576.6 1606.5 1621.5 1686.6 1692.8 12

13 Other current transfer payments 18.8 23.6 26.2 35.5 29.6 25.2 31.4 33.5 28.5 43.0 24.0 13

14 Interest payments 315.1 300.6 309.3 346.2 372.9 352.8 379.6 393.1 366.2 393.5 407.1 14

15 Subsidies 38.4 47.9 44.6 58.5 49.7 53.2 49.7 48.3 47.8 47.0 46.8 15

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

17 Net government saving, NIPA basis -282.1 -392.5 -369.1 -303.1 -195.4 -184.0 -197.0 -226.9 -173.9 -224.3 -183.4 17

18 + Consumption of fixed capital 211.6 218.2 230.2 252.4 267.7 260.1 265.6 270.1 275.1 281.3 286.1 18

19 - Insurance and pension fund reserves (2) -1.7 -0.6 0.0 0.7 0.1 1.3 -0.3 -1.5 0.9 1.1 0.0 19

20 + Net capital transfers (3) 29.0 11.2 13.6 12.1 14.6 12.8 14.3 15.4 15.8 0.5 7.2 20

21 = Gross saving and net capital transfers -39.8 -162.5 -125.3 -39.3 86.7 87.5 83.1 60.1 116.1 56.3 109.8 21

22 Gross investment -27.5 -179.7 -103.3 -45.7 75.4 -103.3 283.4 92.6 28.7 -114.8 342.9 22

23 Fixed investment 344.3 356.0 372.8 397.8 433.8 419.8 435.9 435.1 444.2 451.8 463.9 23

24 Nonproduced nonfinancial assets 10.9 10.7 10.6 10.1 -2.1 11.3 8.9 12.1 -40.7 10.0 9.0 24

25 Net financial investment -382.6 -546.3 -486.7 -453.6 -356.3 -534.4 -161.3 -354.6 -374.8 -576.7 -130.0 25

26 Net acquisition of financial assets 52.6 103.7 73.7 84.5 63.3 25.9 129.5 73.0 24.9 7.8 168.1 26

27 Gold, SDRs, and official foreign exchange 3.4 -1.8 -3.1 -14.4 -2.7 -2.3 1.9 -4.5 -6.1 -0.2 -0.6 27

28 Checkable deposits and currency -12.0 12.7 -35.7 20.7 -0.5 -47.9 70.7 18.7 -43.7 -48.1 -13.9 28

29 Time and savings deposits 25.9 -5.5 11.8 11.9 25.9 13.4 24.1 41.1 25.0 22.1 1.1 29

30 Money market fund shares 1.6 4.0 3.4 2.6 3.4 2.3 3.0 5.8 2.6 -0.2 6.0 30

31 Security RPs -16.3 7.9 6.7 5.1 7.0 4.5 5.9 11.3 6.0 -0.4 21.7 31

32 Credit market instruments 64.3 46.4 43.9 28.5 38.1 21.5 46.9 39.3 44.8 -13.0 70.5 32

33 Open market paper 14.3 10.3 8.8 6.7 9.1 5.9 7.8 14.9 7.8 -20.5 25.4 33

34 Agency- and GSE-backed securities (4) 41.7 22.5 19.1 14.6 14.2 0.9 16.9 22.3 16.9 -11.2 18.4 34

35 Municipal securities 0.1 0.3 0.2 0.2 0.3 0.2 0.2 0.4 0.3 -0.0 0.4 35

36 Corporate and foreign bonds 9.1 7.1 6.0 4.6 5.3 0.1 5.3 10.2 5.5 -0.4 0.6 36

37 Mortgages -4.8 6.0 8.8 7.9 9.6 6.6 13.3 9.8 8.6 2.8 15.9 37

38 Consumer credit 8.0 1.9 3.7 3.7 1.9 12.6 7.6 -14.8 2.0 12.8 7.6 38

39 Other loans and advances (5) -4.2 -1.7 -2.8 -9.3 -2.2 -4.8 -4.1 -3.5 3.7 3.5 2.2 39

40 Corporate equities 10.3 -17.0 -4.8 -0.7 -8.2 -15.8 12.7 -6.9 -22.6 -4.4 -13.6 40

41 Mutual fund shares 2.1 -5.2 -1.5 -0.2 -2.5 -4.8 3.9 -2.1 -7.1 -1.4 -4.2 41

42 Trade receivables -0.7 27.2 17.4 14.4 7.4 -4.1 10.7 15.2 7.9 -4.8 10.9 42

43 Taxes receivable 2.5 41.6 48.7 45.1 18.8 67.9 3.4 -1.9 5.6 62.3 37.2 43

44 Miscellaneous assets -28.5 -6.5 -13.1 -28.5 -23.3 -8.7 -53.9 -43.3 12.5 -4.3 53.0 44

45 Net increase in liabilities 435.2 650.0 560.3 538.1 419.6 560.3 290.8 427.5 399.7 584.4 298.2 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 1.0 0.6 0.7 0.8 0.6 0.6 0.8 1.0 -0.0 0.4 1.3 47

48 Credit market instruments 374.8 506.5 453.8 409.0 307.1 475.5 167.7 315.5 269.8 486.9 151.9 48

49 Savings bonds 4.5 8.9 0.6 0.7 -2.7 3.4 -2.1 -4.9 -7.4 -8.3 -5.8 49

50 Other Treasury securities (6) 226.3 380.0 338.8 237.8 158.4 370.6 33.7 174.5 54.9 273.7 -87.0 50

51 Budget agency securities 0.5 -2.4 -0.6 -0.4 -0.3 -1.0 0.2 -1.0 0.5 -1.3 -0.1 51

52 Municipal securities 143.4 120.0 115.1 170.9 151.7 102.5 135.8 146.9 221.8 222.9 244.8 52

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

54 Trade payables 29.2 101.6 45.5 64.4 48.3 43.5 60.0 44.3 45.4 59.5 50.2 54

55 Insurance reserves 1.6 1.1 1.1 1.1 1.5 0.3 2.2 0.5 2.9 -0.1 2.3 55

56 Miscellaneous liabilities (7) 28.7 40.3 59.2 62.8 62.1 40.3 60.2 66.2 81.7 37.7 92.5 56

57 Discrepancy -12.3 17.2 -22.0 6.4 11.4 190.8 -200.3 -32.4 87.4 171.1 -233.1 57

 Memo:

58 Net govt. saving less fixed investment (8) -626.4 -748.4 -741.9 -700.8 -629.2 -603.8 -632.9 -662.0 -618.1 -676.2 -647.3 58

59 Adjustment between NIPA and FOF (9) 253.4 212.4 254.7 246.3 271.8 67.7 470.6 307.0 241.9 97.8 516.1 59

60 Items to be financed (10) -372.9 -536.1 -487.2 -454.5 -357.4 -536.1 -162.3 -354.9 -376.3 -578.4 -131.2 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, September 17, 2007 111

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

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

2002 2003 2004 2005 2006 2006 2007

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2034.8 2175.6 2220.3 2294.8 2390.1 2291.8 2354.5 2388.8 2390.1 2374.5 2439.2 1

 2 Gold, SDRs, and official foreign exchange 51.1 55.1 54.5 35.3 34.5 35.1 36.8 35.3 34.5 34.7 34.4 2

 3 Checkable deposits and currency 89.0 99.1 62.2 85.6 83.9 55.8 91.6 95.8 83.9 53.6 69.3 3

 4 Time and savings deposits 166.3 160.8 172.6 184.5 210.4 187.5 189.9 201.2 210.4 215.3 211.6 4

 5 Money market fund shares 58.7 62.7 66.1 68.7 72.1 69.3 70.0 71.5 72.1 72.1 73.6 5

 6 Security RPs 115.6 123.5 130.2 135.3 142.2 136.4 137.9 140.7 142.2 142.1 147.6 6

 7 Credit market instruments 979.2 1025.6 1069.4 1097.9 1136.1 1103.5 1112.8 1127.2 1136.1 1133.1 1148.3 7

 8 Open market paper 151.3 161.6 170.4 177.1 186.2 178.6 180.6 184.3 186.2 181.1 187.4 8

 9 Agency- and GSE-backed securities (1) 328.8 351.2 370.3 384.9 399.1 385.1 389.4 394.9 399.1 396.4 401.0 9

10 Municipal securities 4.1 4.4 4.6 4.8 5.1 4.8 4.9 5.0 5.1 5.1 5.2 10

11 Corporate and foreign bonds 104.2 111.3 117.3 122.0 127.3 122.0 123.3 125.9 127.3 127.2 127.3 11

12 Mortgages 200.7 206.7 215.5 223.4 233.0 225.1 228.4 230.8 233.0 233.7 237.7 12

13 Consumer credit 80.5 82.4 86.1 89.8 91.7 93.2 92.7 93.5 91.7 95.1 94.6 13

14 Other loans and advances (2) 109.7 108.0 105.2 95.9 93.7 94.7 93.7 92.8 93.7 94.6 95.2 14

15 Corporate equities 79.3 84.7 89.3 92.8 97.5 93.6 94.6 96.5 97.5 97.4 99.4 15

16 Mutual fund shares 24.3 25.9 27.3 28.4 29.8 28.6 28.9 29.5 29.8 29.8 30.4 16

17 Trade receivables 150.6 177.8 195.2 209.5 217.0 209.2 213.0 214.8 217.0 216.1 220.3 17

18 Taxes receivable 115.1 171.1 171.9 200.3 264.0 218.5 237.5 264.4 264.0 276.6 281.6 18

19 Miscellaneous assets 205.7 189.3 181.6 156.5 102.7 154.3 141.3 111.9 102.7 103.7 122.7 19

20 Total liabilities 6057.3 6709.7 7268.8 7788.6 8202.4 7974.3 7958.1 8059.6 8202.4 8403.1 8378.8 20

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

22 Treasury currency 25.5 26.0 26.7 27.5 28.1 27.6 27.8 28.1 28.1 28.2 28.5 22

23 Credit market instruments 4720.3 5226.8 5680.6 6089.6 6396.7 6271.4 6228.3 6298.2 6396.7 6590.1 6535.1 23

24 Savings bonds 194.9 203.8 204.4 205.1 202.4 205.9 205.2 203.6 202.4 200.3 198.6 24

25 Other Treasury securities (3) 3060.2 3440.2 3778.9 4016.7 4175.1 4172.0 4088.2 4136.6 4175.1 4314.6 4194.5 25

26 Budget agency securities 27.3 24.9 24.3 23.8 23.5 23.6 23.6 23.4 23.5 23.2 23.2 26

27 Municipal securities 1437.9 1557.9 1673.0 1843.9 1995.7 1869.9 1911.3 1934.6 1995.7 2052.0 2118.9 27

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

29 Trade payables 469.1 570.6 616.1 680.6 728.8 693.3 710.1 721.4 728.8 745.5 760.0 29

30 Insurance reserves 39.4 40.5 41.6 42.7 44.2 42.8 43.3 43.5 44.2 44.2 44.7 30

31 Miscellaneous liabilities (4) 800.9 843.6 901.6 946.1 1002.4 937.0 946.4 966.3 1002.4 993.0 1008.3 31

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

(2) Excludes loans to state and local governments.

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

(4) Includes nonmarketable government securities held by 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, September 17, 2007

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

 

 1 Net acquisition of financial assets 45.2 -21.9 -35.9 -43.2 -46.5 -66.6 -75.3 -63.2 -34.6 -13.2 -37.1 -60.9 -82.2 1

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

 3 Time and savings deposits 13.1 8.3 14.3 16.8 16.4 -19.7 -23.7 -35.1 -5.5 2.3 -4.8 5.6 0.4 3

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

 5 Security RPs -4.2 -0.4 3.0 0.1 0.0 -0.3 -9.0 -1.5 -0.6 1.1 0.4 0.7 0.3 5

 6 Credit market instruments 35.6 21.8 -11.2 37.3 -23.7 89.0 -123.7 -19.6 -36.5 73.3 -10.5 1.8 9.3 6

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

 8 Treasury securities 10.1 1.6 -5.1 3.2 -20.6 18.6 -11.7 -0.4 -12.7 14.3 -6.9 1.4 1.8 8

 9 Agency- and GSE-backed securities 30.7 3.2 -12.3 7.1 -18.2 30.4 -37.3 1.8 -17.9 35.6 7.7 -3.9 5.6 9

10 Corporate and foreign bonds 2.7 17.4 3.1 26.5 15.4 39.6 -66.1 -21.3 -4.7 24.3 -10.8 3.9 1.6 10

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

12 Corporate equities -3.8 -60.8 -63.1 -105.3 -52.5 -128.9 85.1 39.6 -16.0 -34.9 -12.6 -39.2 -57.5 12

13 Mutual fund shares 3.7 14.1 7.6 7.3 7.8 5.9 41.7 -17.6 20.2 -41.6 11.2 -14.6 -33.2 13

14 Miscellaneous assets 0.1 -5.2 13.4 0.3 4.9 -12.8 -47.0 -29.6 3.9 -13.4 -20.9 -15.4 -1.7 14

15 Unallocated insurance contracts (1) -5.1 -5.6 2.7 -5.3 -3.4 -14.2 -5.2 -1.0 11.0 -10.7 -24.5 -12.0 -1.1 15

16 Contributions receivable 6.2 1.6 1.6 5.4 8.0 -7.5 -17.4 -25.8 -4.5 -0.0 -2.0 -1.9 -0.2 16

17 Other -1.0 -1.3 9.0 0.2 0.3 8.9 -24.4 -2.8 -2.6 -2.6 5.5 -1.5 -0.5 17

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 40.4 54.9 39.6 27.4 88.1 51.8 51.9 43.4 51.5 39.8 46.9 43.7 27.2 1

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

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

 4 Money market fund shares 5.3 6.3 11.2 13.4 2.3 12.1 4.2 -6.1 9.4 -0.2 0.6 1.9 3.4 4

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

 6 Credit market instruments 4.1 -4.9 5.1 7.1 16.6 18.2 -1.3 -16.4 27.9 -4.1 10.1 10.6 24.7 6

 7 Open market paper -2.0 1.3 3.0 1.5 3.0 5.6 1.3 -8.0 3.6 -2.3 0.6 1.5 2.7 7

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

 9 Agency- and GSE-backed securities 10.2 -1.6 1.0 -0.9 1.0 9.1 4.4 3.4 -1.5 2.7 3.6 2.5 13.1 9

10 Corporate and foreign bonds -9.3 -3.4 0.2 7.6 5.0 3.5 -10.2 -1.8 16.1 -3.4 3.2 5.0 7.3 10

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

12 Corporate equities 4.1 -30.2 -28.4 -45.4 21.0 -51.5 -22.3 67.0 -45.5 10.9 23.8 8.5 -12.2 12

13 Mutual fund shares 20.1 57.8 38.0 48.0 45.8 93.5 75.6 35.7 39.7 37.9 24.8 23.0 26.5 13

14 Miscellaneous assets 15.0 24.7 16.7 7.9 -10.7 -4.2 -11.1 -26.7 16.0 -5.7 -13.9 -2.0 -19.0 14

15 Unallocated insurance contracts (2) 8.9 13.4 2.1 -4.6 -20.1 -4.3 -30.4 12.9 1.2 -7.3 -10.8 2.8 -7.9 15

16 Contributions receivable 5.5 3.8 3.8 3.0 4.8 -10.8 -1.7 1.2 6.0 -0.1 -1.1 0.0 -1.8 16

17 Other 0.6 7.6 10.8 9.6 4.5 10.9 21.0 -40.7 8.8 1.8 -2.0 -4.9 -9.3 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: 85.6 122.2 132.8 151.8 191.5 219.7 239.8 182.9 194.8 212.4 241.4 269.8 304.1 1

 2 Commercial banking -1.1 6.5 0.7 0.1 -0.5 -3.4 8.9 3.1 5.4 0.5 1.9 7.3 26.7 2

 3 Saving institutions -6.3 -1.9 -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.0 -1.1 0.1 3.9 3

 4 Credit unions -0.0 1.2 0.9 1.2 0.3 0.9 0.4 3.2 3.4 3.5 0.9 1.6 3.9 4

 5 Life insurance companies 13.2 11.2 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 -13.7 20.8 -0.7 5

 6 Money market mutual funds 13.7 12.9 9.8 1.0 25.0 24.0 7.0 24.0 16.0 -17.0 -15.0 9.0 29.0 6

 7 Mutual funds 11.6 62.5 52.4 95.7 87.7 97.0 49.6 34.1 17.7 107.5 70.2 73.1 92.2 7

 8 Other self-directed accounts 54.6 29.8 62.5 12.2 59.6 63.4 156.6 93.7 70.8 111.7 198.3 157.9 149.0 8

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

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
Z.1, September 17, 2007 113

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

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

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

 

 1 Total financial assets 1276.0 1466.1 1590.2 1763.5 1907.7 2074.6 1979.0 1810.2 1639.3 1994.5 2132.2 2149.3 2257.5 1

 2 Checkable deposits and currency 1.8 2.1 2.2 2.6 3.2 3.4 4.7 5.3 5.1 5.1 5.2 5.3 5.5 2

 3 Time and savings deposits 67.1 75.4 89.7 106.4 122.9 103.2 79.5 44.3 38.8 41.1 36.3 42.0 42.3 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 11.6 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 Credit market instruments 438.3 460.1 448.9 486.3 462.6 551.6 427.9 408.3 371.8 445.1 434.7 436.5 445.8 6

 7 Open market paper 11.6 11.2 14.2 14.2 14.4 14.8 7.4 7.1 5.7 4.8 4.5 5.1 5.5 7

 8 Treasury securities 78.2 79.7 74.7 77.9 57.2 75.9 64.2 63.9 51.2 65.5 58.6 60.0 61.8 8

 9 Agency- and GSE-backed securities 182.4 185.6 173.3 180.4 162.2 192.6 155.3 157.1 139.2 174.8 182.5 178.5 184.1 9

10 Corporate and foreign bonds 161.4 178.8 181.9 208.4 223.8 263.3 197.2 175.9 171.3 195.6 184.7 188.6 190.2 10

11 Mortgages 4.7 4.8 4.9 5.4 5.0 5.0 3.7 4.4 4.6 4.5 4.4 4.2 4.1 11

12 Corporate equities 559.9 688.8 764.3 844.0 949.1 1006.3 1076.0 1060.7 917.6 1170.8 1294.2 1312.8 1410.7 12

13 Mutual fund shares 39.0 68.5 91.0 122.3 156.6 199.0 236.4 180.8 188.8 197.4 233.6 233.4 226.4 13

14 Miscellaneous assets 158.2 160.1 179.9 187.7 199.1 197.2 149.7 107.4 114.4 131.0 123.9 114.3 121.4 14

15 Unallocated insurance contracts (1) 79.2 80.7 89.9 92.0 95.1 91.9 86.1 72.4 86.4 105.7 95.0 88.8 96.5 15

16 Contributions receivable 44.2 45.8 47.5 52.8 60.9 53.4 36.0 10.2 5.7 5.7 3.7 1.8 1.6 16

17 Other 34.8 33.5 42.5 42.8 43.1 52.0 27.6 24.8 22.2 19.6 25.2 23.7 23.2 17

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

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

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

 1 Total financial assets 1160.2 1432.7 1634.2 1949.3 2236.2 2519.2 2488.6 2238.0 2037.9 2525.6 2783.0 2971.0 3266.7 1

 2 Checkable deposits and currency 2.3 2.8 3.4 4.3 2.9 4.0 6.1 4.7 5.1 5.2 5.3 5.5 5.7 2

 3 Time and savings deposits 35.0 34.8 29.4 23.7 37.0 17.4 18.2 17.0 18.6 19.3 19.5 20.0 20.8 3

 4 Money market fund shares 31.6 37.9 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 86.7 90.1 4

 5 Security RPs 10.6 11.3 13.2 14.3 15.4 17.7 21.6 14.2 16.2 16.5 22.1 23.1 26.0 5

 6 Credit market instruments 153.2 148.3 153.4 160.5 177.2 195.3 194.0 177.5 205.4 201.3 211.5 222.1 246.8 6

 7 Open market paper 12.4 13.7 16.6 18.1 21.1 26.6 27.9 19.9 23.6 21.3 21.9 23.4 26.1 7

 8 Treasury securities 43.0 41.0 41.3 40.1 47.5 45.6 47.4 40.2 49.5 48.4 51.3 52.8 54.6 8

 9 Agency- and GSE-backed securities 29.1 27.5 28.5 27.5 28.6 37.7 42.1 45.4 44.0 46.7 50.3 52.8 66.0 9

10 Corporate and foreign bonds 65.7 62.3 62.5 70.1 75.1 78.6 68.4 66.6 82.6 79.3 82.4 87.4 94.8 10

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

12 Corporate equities 453.8 568.0 638.8 759.7 920.1 959.9 894.6 848.0 670.9 925.8 1039.4 1104.2 1224.6 12

13 Mutual fund shares 166.9 288.5 381.6 537.8 633.3 857.5 895.3 782.1 743.1 929.4 1044.6 1142.4 1279.0 13

14 Miscellaneous assets 307.0 341.1 365.4 386.5 385.4 390.4 377.6 319.5 294.0 343.7 355.8 367.0 373.8 14

15 Unallocated insurance contracts (2) 218.7 241.4 251.1 259.7 249.2 254.1 222.0 203.4 163.2 211.3 233.5 249.6 267.4 15

16 Contributions receivable 34.1 37.9 41.7 44.7 49.6 38.7 37.0 38.2 44.2 44.1 43.0 43.0 41.2 16

17 Other 54.2 61.8 72.6 82.1 86.7 97.6 118.6 77.9 86.6 88.4 79.3 74.5 65.1 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: 1056.0 1288.0 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 2993.0 3284.0 3632.0 4232.0 1

 2 Commercial banking 144.7 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.1 168.0 175.3 202.0 2

 3 Saving institutions 78.9 76.9 73.0 67.0 61.8 58.7 56.4 54.6 53.8 54.8 53.7 53.8 57.6 3

 4 Credit unions 31.8 33.0 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 49.3 53.2 4

 5 Life insurance companies 78.7 94.3 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 348.0 381.0 424.0 5

 6 Money market mutual funds 61.2 74.2 84.0 85.0 110.0 134.0 141.0 165.0 181.0 164.0 149.0 158.0 187.0 6

 7 Mutual funds 271.9 376.4 480.0 654.0 817.0 1080.0 1048.0 963.3 823.0 1095.0 1279.0 1435.0 1696.0 7

 8 Other self-directed accounts 388.8 482.1 533.9 575.0 784.3 948.5 944.4 985.1 958.0 1127.9 1238.7 1379.6 1612.2 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, September 17, 2007 Flow of Funds Matrix for 2006

(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 -- 1247.9 -- 1214.9 -- 243.8 -- -157.1 -- 2549.5 -- 797.9 -- 264 2 Capital consumption -- 1036.3 -- 990.0 -- 162.3 -- 105.4 -- 2294.1 -- -- -- 88 3 Net saving (1 less 2) -- 211.6 -- 224.9 -- 81.5 -- -262.5 -- 255.4 -- 797.9 -- 176 4 Gross investment (5 plus 11) 898.0 -- 1381.2 -- 257.5 -- -182.1 -- 2354.6 -- 829.2 -- 186.0 - 5 Capital expenditures 1708.3 -- 1334.3 -- 325.3 -- 106.4 -- 3474.2 -- -0.1 -- 127.4 - 6 Consumer durables 958.7 -- -- -- -- -- -- -- 958.7 -- -- -- -- - 7 Residential 639.8 -- 120.8 -- 7.1 -- 2.0 -- 769.8 -- -- -- 4.1 - 8 Nonresidential 109.8 -- 1164.6 -- 306.9 -- 117.7 -- 1699.0 -- -- -- 123.3 - 9 Inventory change -- -- 46.6 -- -- -- -- -- 46.6 -- -- -- -- -10 Nonproduced nonfinancial assets -- -- 2.2 -- 11.2 -- -13.3 -- 0.1 -- -0.1 -- -- -11 Net financial investment -810.3 -- 46.9 -- -67.8 -- -288.5 -- -1119.7 -- 829.3 -- 58.6 -12 Financial uses 417.5 -- 643.7 -- 120.0 -- -28.1 -- 1153.1 -- 1631.8 -- 3851.2 -13 Financial sources -- 1227.8 -- 596.8 -- 187.9 -- 260.4 -- 2272.8 -- 802.5 -- 379214 Gold and off. fgn. exchange -- -- -- -- -- -- -2.7 -- -2.7 -- -0.2 -2.6 0.4 -15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -16 Treasury currency -- -- -- -- -- -- -- 0.6 -- 0.6 -- -- 1.7 -17 Foreign deposits 5.9 -- 4.2 -- -- -- -- -- 10.1 -- -- 98.8 -10.6 -18 Interbank claims -- -- -- -- -- -- -- -- -- -- -9.6 -- 0.1 -1119 Checkable dep. and currency -88.1 -- -65.6 -- 2.2 -- -2.7 -- -154.2 -- 81.6 -- 59.9 -1520 Time and savings deposits 379.2 -- 37.6 -- 25.7 -- 0.2 -- 442.8 -- 140.0 -- 22.4 60521 Money market fund shares 175.8 -- 73.1 -- 3.4 -- -- -- 252.3 -- 1.7 -- 51.6 30522 Fed. funds and security RPs -- -- 0.9 -- 7.0 -- -- -- 7.8 -- 66.9 -- 79.1 49623 Credit market instruments 164.2 1165.7 30.4 791.6 62.7 152.4 4.0 183.4 261.5 2293.0 841.5 250.4 2722.2 128124 Open market paper 23.4 -- 15.3 23.4 9.1 -- -- -- 47.8 23.4 32.7 93.1 236.7 20025 Treasury securities -66.8 -- -0.4 -- 28.0 -- -- 183.7 -39.2 183.7 139.7 -- 83.3 -26 Agency- and GSE-backed sec. -48.3 -- -2.7 -- 14.2 -- 0.0 -0.3 -36.8 -0.3 228.5 -- 148.3 34027 Municipal securities 40.2 21.8 10.8 4.9 0.3 151.7 -- -- 51.2 178.4 6.0 -- 121.2 -28 Corporate and fgn. bonds 212.9 -- -- 218.6 5.3 -- -- -- 218.2 218.6 434.9 150.9 493.0 77629 Bank loans n.e.c. -- 48.0 -- 125.4 -- -- -- -- -- 173.4 -- 13.8 123.1 -6430 Other loans and advances -- 3.7 -- 42.9 -- 0.6 -1.5 -- -1.5 47.3 -0.2 -7.4 62.8 2131 Mortgages 2.9 986.7 9.4 376.4 5.9 -- 3.7 0.0 21.9 1363.0 -- -- 1348.2 732 Consumer credit -- 105.6 -1.9 -- -- -- 1.9 -- -0.0 105.6 -- -- 105.6 -33 Corporate equities -716.7 -- -- -614.1 -8.2 -- -- -- -724.9 -614.1 121.5 138.5 186.1 5834 Mutual fund shares 260.1 -- 32.9 -- -2.5 -- -- -- 290.4 -- 25.3 -- 20.6 33635 Trade credit -- 2.0 165.9 97.8 7.0 35.5 0.4 12.8 173.3 148.1 6.2 6.1 30.7 536 Security credit 80.4 59.7 -- -- -- -- -- -- 80.4 59.7 0.0 0.0 131.1 15137 Life insurance reserves 65.6 -- -- -- -- -- -- 1.5 65.6 1.5 -- -- -- 6438 Pension fund reserves 111.4 -- -- -- -- -- -- -- 111.4 -- -- -- -- 11139 Taxes payable -- -- -- 5.3 47.0 -- -28.3 -- 18.8 5.3 -- -- -- 1540 Equity in noncorp. business -60.5 -- -- -56.1 -- -- -- -- -60.5 -56.1 -- -- -- -441 Miscellaneous 40.1 0.5 364.3 372.2 -24.3 -- 1.0 62.1 381.1 434.8 357.0 311.3 555.9 39342 Sector discrepancies (1 less 4) 349.9 -- -166.3 -- -13.6 -- 25.0 -- 194.9 -- -31.3 -- 78.8 -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 17, 2007 Flow of Funds Matrix for 2006

(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 42494.4 -- 15068.7 -- 2286.4 -- 598.9 -- 60448.3 -- 14375.1 -- 56614 2 Total liabilities and equity -- 13350.4 -- 34758.2 -- 2524.7 -- 6172.8 -- 56806.2 -- 10877.4 - 3 Total liabilities -- 13350.4 -- 15751.8 -- 2524.7 -- 6172.8 -- 37799.8 -- 6625.9 - 4 Monetary gold and SDRs -- -- -- -- -- -- 8.9 -- 8.9 -- -- -- 11 5 IMF Position -- -- -- -- -- -- 5.1 -- 5.1 -- -- 5.0 -0 6 Official foreign exchange -- -- -- -- -- -- 20.5 -- 20.5 -- -- 40.9 20 7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2 8 Treasury currency -- -- -- -- -- -- -- 28.1 -- 28.1 -- -- 38 9 Foreign deposits 67.5 -- 64.8 -- -- -- -- -- 132.3 -- -- 1123.5 8410 Interbank claims -- -- -- -- -- -- -- -- -- -- 96.4 -- 7011 Checkable dep. and currency 19.6 -- 509.3 -- 51.0 -- 32.9 -- 612.8 -- 525.1 -- 35112 Time and savings deposits 5199.6 -- 856.9 -- 208.8 -- 1.7 -- 6266.9 -- 398.2 -- 32813 Money market fund shares 1133.1 -- 511.0 -- 72.1 -- -- -- 1716.2 -- 24.7 -- 57114 Fed. funds and security RPs -- -- 15.5 -- 142.2 -- -- -- 157.7 -- 986.5 -- 82415 Credit market instruments 3185.8 12872.7 474.8 9031.1 1353.4 2006.6 277.9 4885.3 5291.9 28795.7 6486.7 1767.0 3296816 Open market paper 187.7 -- 126.5 117.1 186.2 -- -- -- 500.4 117.1 219.9 461.4 123717 Treasury securities 501.0 -- 108.6 -- 484.2 -- -- 4861.7 1093.8 4861.7 2115.0 -- 165318 Agency- and GSE-backed sec. 432.3 -- 16.1 -- 399.1 -- 0.0 23.5 847.5 23.5 1190.9 -- 448119 Municipal securities 856.2 226.9 50.5 181.6 5.1 1995.7 -- -- 911.8 2404.2 37.0 -- 145520 Corporate and fgn. bonds 1073.1 -- -- 3224.8 127.3 -- -- -- 1200.4 3224.8 2764.6 1180.8 578121 Bank loans n.e.c. -- 96.3 -- 1313.9 -- -- -- -- -- 1410.2 -- 98.3 168322 Other loans and advances -- 123.1 -- 933.5 -- 11.0 104.7 -- 104.7 1067.5 159.4 26.6 147123 Mortgages 135.4 10007.2 116.9 3260.2 151.5 -- 81.5 0.0 485.4 13267.4 -- -- 1293324 Consumer credit -- 2419.3 56.2 -- -- -- 91.7 -- 147.9 2419.3 -- -- 227125 Corporate equities 6280.4 -- -- 11518.2 97.5 -- -- -- 6377.9 11518.2 2456.5 4251.5 1207126 Mutual fund shares 4584.7 -- 206.8 -- 29.8 -- -- -- 4821.3 -- 295.5 -- 195127 Trade credit -- 162.8 2687.7 2105.4 145.7 518.1 71.3 210.8 2904.6 2997.1 58.5 63.4 20828 Security credit 655.7 292.1 -- -- -- -- -- -- 655.7 292.1 0.0 0.0 59429 Life insurance reserves 1163.7 -- -- -- -- -- -- 44.2 1163.7 44.2 -- -- -30 Pension fund reserves 12077.6 -- -- -- -- -- -- -- 12077.6 -- -- -- -31 Taxes payable -- -- -- 183.9 185.1 -- 78.8 -- 264.0 183.9 -- -- -32 Equity in noncorp. business 7495.6 -- -- 7488.2 -- -- -- -- 7495.6 7488.2 -- -- -33 Miscellaneous 631.2 22.8 9742.0 4431.3 0.8 -- 101.8 1002.4 10475.9 5456.6 3047.0 3626.0 6518General 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 17, 2007

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

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

 

 1 Assets 32623.5 35560.6 39547.6 43402.4 48891.0 48800.3 48430.9 47662.5 53828.7 59102.5 64140.8 69236.1 1

 2 Tangible assets 11227.3 11753.0 12369.8 13393.0 14526.7 15803.9 17008.4 18510.0 20200.3 22475.4 25049.5 26741.7 2

 3 Financial assets 21396.2 23807.6 27177.7 30009.4 34364.3 32996.4 31422.5 29152.4 33628.4 36627.1 39091.2 42494.4 3

 4 Deposits 3327.4 3470.1 3635.2 3844.7 4028.1 4349.6 4842.3 5127.7 5282.1 5608.5 5946.9 6419.7 4

 5 Credit market instruments 2177.0 2339.2 2260.7 2330.6 2438.0 2228.8 2126.8 2227.2 2550.5 2824.1 3026.0 3185.8 5

 6 Equity shares at market value 7656.9 9232.5 11874.7 13778.9 17323.0 15389.7 13145.2 10048.6 13061.7 14361.7 15245.1 16878.5 6

 7 Directly held 4434.2 5243.7 6815.2 7704.4 9891.7 8199.3 6511.5 4623.4 5767.0 5933.9 5983.3 6280.4 7

 8 Indirectly held 3222.8 3988.7 5059.5 6074.5 7431.4 7190.4 6633.7 5425.1 7294.7 8427.8 9261.8 10598.1 8

 9 Life insurance companies 274.7 373.3 510.5 665.4 904.4 882.8 806.5 692.5 887.3 1028.9 1140.1 1334.7 9

10 Private pension funds 1505.2 1724.3 2088.7 2466.4 2803.6 2854.1 2599.6 2195.6 2865.6 3210.3 3438.4 3756.6 10

11 Defined benefit plans 726.7 821.4 926.6 1057.8 1154.3 1248.0 1184.6 1031.1 1300.2 1452.9 1473.9 1570.5 11

12 Defined contribution plans 778.5 902.8 1162.2 1408.6 1649.3 1606.0 1415.0 1164.5 1565.4 1757.4 1964.5 2186.1 12

13 State and local govt. retirement funds 738.3 892.5 1114.4 1268.4 1512.5 1428.5 1386.6 1157.4 1557.8 1763.6 1893.5 2131.3 13

14 Federal government retirement funds 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.3 115.6 139.1 14

15 Mutual funds 693.2 979.9 1316.0 1631.3 2153.9 1968.4 1791.8 1333.7 1904.0 2325.7 2674.2 3236.4 15

16 Other 8234.9 8765.9 9407.2 10055.2 10575.2 11028.3 11308.2 11749.0 12734.1 13832.7 14873.3 16010.3 16

17 Liabilities 5059.4 5412.4 5760.6 6215.8 6792.1 7398.3 8028.7 8833.4 9856.0 11038.2 12122.7 13350.4 17

18 Net worth 27564.1 30148.2 33787.0 37186.7 42098.9 41402.0 40402.3 38829.1 43972.7 48064.3 52018.1 55885.6 18

 Memo:

19 Equity shares excluding defined benefit plans 6191.9 7518.5 9833.7 11452.7 14656.2 12713.1 10574.0 7853.2 10185.9 11125.9 11858.1 13155.3 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) 23.5 26.0 30.0 31.7 35.4 31.5 27.1 21.1 24.3 24.3 23.8 24.4 20

21 Financial assets (line 3) 35.8 38.8 43.7 45.9 50.4 46.6 41.8 34.5 38.8 39.2 39.0 39.7 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.