Z.1, September 16, 2011 61

L.1 Credit Market Debt Outstanding (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total credit market debt owed by: 41280.9 45355.1 50044.6 52433.8 52346.8 51880.2 51856.4 52131.3 52494.4 52644.7 52554.4 1

 2 Domestic nonfinancial sectors 26770.8 29181.1 31700.8 33605.9 34641.0 34973.7 35208.8 35629.1 36068.2 36258.1 36422.9 2

 3 Household sector 11765.0 12944.3 13807.6 13842.6 13617.1 13497.2 13434.6 13400.2 13379.3 13263.5 13258.3 3

 4 Nonfinancial corporate business 5472.4 5943.5 6702.5 6955.1 6967.6 7002.3 7018.8 7102.7 7132.8 7226.2 7325.1 4

 5 Nonfarm noncorporate business 2786.9 3195.6 3650.3 3972.1 3672.9 3584.5 3521.5 3481.1 3474.6 3456.7 3455.3 5

 6 Farm business 190.1 204.3 218.9 224.0 217.7 214.9 216.8 222.7 228.7 218.8 219.9 6

 7 State and local governments 1854.5 2008.2 2199.2 2250.7 2360.3 2391.7 2389.4 2404.7 2467.2 2447.3 2425.6 7

 8 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 8

 9 Rest of the world 1513.9 1882.6 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.3 9

10 Financial sectors 12996.2 14291.4 16217.5 17119.1 15615.5 14793.5 14540.7 14366.1 14153.1 14060.7 13810.2 10

11 U.S.-chartered commercial banks 393.6 497.8 629.6 708.6 576.1 906.8 878.5 839.9 824.9 796.9 783.1 11

12 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Bank holding companies 429.5 503.3 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.4 13

14 Savings institutions 427.3 319.1 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 14

15 Credit unions 14.7 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 15

16 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 16

17 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 17

18 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 18

19 ABS issuers 3391.9 4199.5 4543.8 4135.8 3368.5 2724.9 2589.6 2470.2 2343.5 2245.4 2165.0 19

20 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.2 20

21 REITs 395.5 411.0 421.2 367.4 317.4 318.5 316.4 325.3 321.9 328.3 347.3 21

22 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 22

23 Funding corporations 619.9 645.3 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 23

24 Total credit market assets held by: 41280.9 45355.1 50044.6 52433.8 52346.8 51880.2 51856.4 52131.3 52494.4 52644.7 52554.4 24

25 Domestic nonfinancial sectors 5390.3 5649.2 6223.1 6032.7 6587.5 6689.3 6790.7 6783.5 6844.2 6786.5 6498.8 25

26 Household sector 3327.2 3463.1 4072.3 3963.9 4254.4 4333.3 4446.5 4388.6 4427.8 4369.6 4130.0 26

27 Nonfinancial corporate business 340.4 328.8 249.7 217.5 223.9 224.9 230.0 240.3 229.3 228.6 236.6 27

28 Nonfarm noncorporate business 96.8 96.7 106.7 95.8 88.3 86.9 85.7 84.6 84.0 83.6 83.4 28

29 State and local governments 1352.0 1480.6 1507.8 1382.4 1351.6 1358.8 1340.5 1336.1 1348.6 1318.9 1284.0 29

30 Federal government 273.8 279.9 286.5 373.1 669.2 685.4 688.0 734.0 754.5 785.9 764.7 30

31 Rest of the world 5191.3 6199.7 7272.6 7504.6 7724.6 7852.4 7960.8 8161.2 8375.8 8394.8 8382.5 31

32 Financial sectors 30699.3 33506.2 36549.0 38896.4 38034.8 37338.6 37104.8 37186.6 37274.4 37463.4 37673.1 32

33 Monetary authority 744.2 778.9 740.6 986.0 1987.7 2151.8 2187.3 2150.3 2259.2 2479.2 2700.4 33

34 U.S.-chartered commercial banks 6487.4 7144.1 7666.8 8197.9 8071.7 8311.6 8212.3 8252.6 8270.4 8157.7 8148.1 34

35 Foreign banking offices in U.S. 657.8 761.6 963.3 1063.7 782.7 772.8 765.0 888.1 753.1 764.4 778.9 35

36 Bank holding companies 32.2 36.0 59.1 73.0 75.8 79.1 63.0 108.1 97.9 105.7 105.3 36

37 Banks in U.S.-affiliated areas 101.0 99.3 92.8 90.9 88.1 83.8 72.2 69.3 68.9 67.6 65.0 37

38 Savings institutions 1617.1 1533.2 1596.1 1320.0 1070.4 1073.0 1061.7 1067.2 1081.0 1064.8 1049.3 38

39 Credit unions 592.6 622.7 657.9 697.9 731.0 737.3 750.2 741.1 744.3 753.9 760.3 39

40 Property-casualty insurance companies 819.3 864.1 869.3 853.4 886.7 886.8 887.2 892.2 890.6 895.7 890.8 40

41 Life insurance companies 2753.9 2786.4 2871.2 2882.8 3022.6 3042.6 3083.7 3134.3 3174.2 3210.8 3234.0 41

42 Private pension funds 699.9 758.3 860.8 951.4 1063.0 1090.0 1114.3 1138.7 1171.0 1191.1 1212.8 42

43 State and local govt. retirement funds 693.4 808.0 820.3 833.5 824.7 823.7 819.3 815.8 816.5 825.0 817.3 43

44 Federal government retirement funds 76.0 84.3 96.1 120.3 127.7 129.4 133.6 138.3 138.7 142.2 146.1 44

45 Money market mutual funds 1340.8 1560.8 1936.4 2675.0 2031.0 1828.5 1703.3 1603.1 1621.0 1583.7 1521.0 45

46 Mutual funds 1747.1 1932.0 2203.1 2276.4 2657.2 2784.9 2834.3 2971.1 3031.4 3160.9 3266.9 46

47 Closed-end funds 165.8 171.8 170.9 129.9 139.2 141.7 139.7 142.0 143.5 145.5 144.9 47

48 Exchange-traded funds 15.0 20.7 34.0 57.0 102.9 113.2 124.6 133.4 132.6 140.0 150.9 48

49 Government-sponsored enterprises 2543.9 2590.5 2829.5 3037.5 2699.7 6577.4 6494.1 6385.1 6333.1 6308.3 6237.8 49

50 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 50

51 ABS issuers 3288.0 4087.6 4429.0 4037.6 3304.9 2667.5 2533.4 2413.9 2289.7 2189.9 2112.0 51

52 Finance companies 1740.6 1811.6 1828.2 1755.9 1532.6 1556.9 1526.1 1504.8 1482.8 1464.6 1434.5 52

53 REITs 240.3 266.4 246.5 177.6 168.9 173.1 177.8 192.7 206.0 255.2 299.2 53

54 Brokers and dealers 477.2 583.4 803.1 717.4 525.3 544.9 529.1 539.7 557.5 556.8 552.9 54

55 Funding corporations 317.4 363.5 309.2 999.9 764.4 788.4 846.1 809.0 871.7 813.4 808.6 55

(1) Excludes corporate equities and mutual fund shares.
62 Z.1, September 16, 2011

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Domestic 26770.8 29181.1 31700.8 33605.9 34641.0 34973.7 35208.8 35629.1 36068.2 36258.1 36422.9 1

 2 By instrument 26770.8 29181.1 31700.8 33605.9 34641.0 34973.7 35208.8 35629.1 36068.2 36258.1 36422.9 2

 3 Commercial paper 90.1 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 3

 4 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 4

 5 Agency- and GSE-backed securities 23.8 23.5 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 5

 6 Municipal securities 2225.8 2403.2 2618.8 2680.2 2809.5 2843.1 2842.3 2859.3 2928.0 2907.6 2886.0 6

 7 Corporate bonds 3031.1 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 7

 8 Bank loans n.e.c. 1225.0 1400.7 1647.4 1839.9 1553.5 1573.9 1550.0 1548.0 1577.7 1576.5 1624.2 8

 9 Other loans and advances 1247.1 1403.7 1714.7 1789.6 1635.8 1563.2 1546.2 1519.6 1455.3 1422.7 1412.3 9

10 Mortgages 11929.3 13313.1 14360.5 14446.6 14159.8 13982.8 13867.5 13745.3 13643.6 13534.9 13461.4 10

11 Home 9386.6 10458.2 11169.4 11068.2 10867.7 10727.9 10661.3 10582.9 10524.0 10449.7 10395.5 11

12 Multifamily residential 642.0 682.4 764.1 815.2 822.4 816.3 812.8 813.3 811.7 811.8 812.8 12

13 Commercial 1795.8 2064.4 2314.3 2428.5 2338.4 2306.0 2259.6 2214.1 2171.6 2138.3 2119.2 13

14 Farm 104.8 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.1 133.9 14

15 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 15

16 By sector 26770.8 29181.1 31700.8 33605.9 34641.0 34973.7 35208.8 35629.1 36068.2 36258.1 36422.9 16

17 Household sector 11765.0 12944.3 13807.6 13842.6 13617.1 13497.2 13434.6 13400.2 13379.3 13263.5 13258.3 17

18 Nonfinancial business 8449.5 9343.4 10571.7 11151.2 10858.2 10801.6 10757.1 10806.5 10836.1 10901.6 11000.4 18

19 Corporate 5472.4 5943.5 6702.5 6955.1 6967.6 7002.3 7018.8 7102.7 7132.8 7226.2 7325.1 19

20 Nonfarm noncorporate 2786.9 3195.6 3650.3 3972.1 3672.9 3584.5 3521.5 3481.1 3474.6 3456.7 3455.3 20

21 Farm 190.1 204.3 218.9 224.0 217.7 214.9 216.8 222.7 228.7 218.8 219.9 21

22 State and local governments 1854.5 2008.2 2199.2 2250.7 2360.3 2391.7 2389.4 2404.7 2467.2 2447.3 2425.6 22

23 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 23

 Foreign credit market debt

24 held in U.S. 1513.9 1882.6 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.3 24

25 Commercial paper 384.0 482.3 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 25

26 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.7 26

27 Bank loans n.e.c. 84.4 98.3 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 27

28 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 28

29 Domestic and foreign 28284.7 31063.8 33827.1 35314.7 36731.3 37086.7 37315.7 37765.2 38341.4 38584.0 38744.1 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 12996.2 14291.4 16217.5 17119.1 15615.5 14793.5 14540.7 14366.1 14153.1 14060.7 13810.2 1

 2 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 2

 3 GSE issues 2592.2 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 3

 4 Agency- and GSE-backed mortgage pool sec. 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 4

 5 Corporate bonds 4651.1 5459.6 6290.1 6012.8 5798.4 5565.8 5406.6 5341.0 5175.0 5056.0 4945.3 5

 6 Bank loans n.e.c. 268.6 206.2 277.1 773.2 271.5 246.0 230.7 200.1 181.3 168.7 148.0 6

 7 Other loans and advances 620.2 641.4 867.1 900.5 617.9 561.4 530.5 488.0 473.2 442.5 424.8 7

 8 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 176.6 181.2 8

 9 By sector 12996.2 14291.4 16217.5 17119.1 15615.5 14793.5 14540.7 14366.1 14153.1 14060.7 13810.2 9

10 U.S.-chartered commercial banks 393.6 497.8 629.6 708.6 576.1 906.8 878.5 839.9 824.9 796.9 783.1 10

11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Bank holding companies 429.5 503.3 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.4 12

13 Savings institutions 427.3 319.1 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 13

14 Credit unions 14.7 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 14

15 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 15

16 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 16

17 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 17

18 ABS issuers 3391.9 4199.5 4543.8 4135.8 3368.5 2724.9 2589.6 2470.2 2343.5 2245.4 2165.0 18

19 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.2 19

20 REITs 395.5 411.0 421.2 367.4 317.4 318.5 316.4 325.3 321.9 328.3 347.3 20

21 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 21

22 Funding corporations 619.9 645.3 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 22
Z.1, September 16, 2011 63

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

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total 41280.9 45355.1 50044.6 52433.8 52346.8 51880.2 51856.4 52131.3 52494.4 52644.7 52554.4 1

 2 Open market paper 1644.2 1958.0 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 2

 3 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 3

 4 Agency- and GSE-backed securities 6164.5 6492.4 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 4

 5 Municipal securities 2225.8 2403.2 2618.8 2680.2 2809.5 2843.1 2842.3 2859.3 2928.0 2907.6 2886.0 5

 6 Corporate and foreign bonds 8693.8 9981.8 11435.1 11012.5 11508.4 11419.7 11318.3 11402.7 11472.5 11462.6 11467.1 6

 7 Bank loans n.e.c. 1577.9 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.7 7

 8 Other loans and advances 1901.2 2071.6 2605.3 2711.7 2275.6 2146.9 2098.6 2029.7 1950.6 1887.5 1858.9 8

 9 Mortgages 12074.7 13465.1 14517.3 14610.1 14326.7 14149.9 14035.1 13913.6 13817.4 13711.5 13642.6 9

10 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 10

 Memo:

 Selected claims not included above:

11 Corporate equities 20636.1 24339.3 25580.9 15640.5 20123.2 21016.9 18738.2 21071.6 23247.0 24544.5 24404.8 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 12

L.5 Total Liabilities and Its Relation to Total Financial Assets

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

 Total credit market debt

 1 (from table L.4) 41280.9 45355.1 50044.6 52433.8 52346.8 51880.2 51856.4 52131.3 52494.4 52644.7 52554.4 1

 2 U.S. official reserve assets 61.1 62.2 67.3 74.2 175.1 170.1 165.7 177.0 175.8 184.3 189.3 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 27.5 28.1 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 4

 5 Foreign deposits 997.8 1085.0 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 949.7 5

 6 Net interbank liabilities 197.4 186.1 88.6 1890.5 1281.5 1194.1 1139.4 1029.2 1091.6 1755.4 1875.8 6

 7 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.4 7

 8 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6459.4 6443.4 6539.7 6624.9 6741.5 6899.3 8

 9 Large time deposits 1789.5 2050.8 2382.2 2191.6 1989.8 1887.8 1799.3 1836.9 1807.5 1811.8 1815.4 9

10 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 10

11 Security RPs 1748.5 2151.7 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1209.3 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 12

13 Security credit 1038.4 1249.9 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1330.3 13

14 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 14

15 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12332.0 13102.3 13498.0 13423.9 15

16 Trade payables 3003.6 3195.9 3398.0 3221.5 3157.5 3230.2 3299.5 3364.3 3380.6 3453.8 3517.4 16

17 Taxes payable 214.5 237.0 167.7 44.0 39.0 48.7 43.2 53.6 51.2 77.1 65.0 17

18 Miscellaneous 14386.4 15766.6 17619.2 20102.4 19907.9 19939.0 20736.6 20487.3 20815.9 20801.5 20933.0 18

19 Total liabilities 91471.5 101117.7 111036.0 111963.7 114109.6 114086.1 113408.0 114925.8 117257.6 119115.9 119563.4 19

 + Financial assets not included in

 liabilities:

20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 20

21 Corporate equities 20636.1 24339.3 25580.9 15640.5 20123.2 21016.9 18738.2 21071.6 23247.0 24544.5 24404.8 21

22 Household equity in noncorp. bus. 7965.5 8893.6 8755.8 7147.8 6241.7 6364.7 6685.4 6399.5 6818.5 6847.5 6845.4 22

 - Liabilities not identified as assets:

23 Treasury currency -9.1 -10.1 -11.3 -12.1 -16.5 -16.5 -17.0 -17.5 -17.6 -17.9 -18.1 23

24 Foreign deposits 779.5 886.3 1082.9 735.8 661.3 660.0 684.7 670.7 679.4 713.5 696.2 24

25 Net interbank transactions 21.3 19.3 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 89.9 25

26 Security RPs 683.3 856.9 622.8 26.6 404.0 458.3 434.7 355.0 290.1 216.4 206.6 26

27 Taxes payable -18.1 -48.1 -174.8 -345.3 -377.0 -372.2 -386.7 -388.8 -397.7 -381.1 -401.9 27

28 Miscellaneous -5288.1 -6520.1 -7110.3 -4699.2 -5323.7 -5348.9 -5123.9 -5479.9 -5353.9 -5378.6 -5558.2 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Federal govt. 1.8 0.1 2.8 1.2 2.0 1.4 -0.6 1.6 2.5 2.6 3.5 30

31 Private domestic 7.4 7.4 7.3 5.3 4.2 3.3 3.4 3.5 3.2 3.3 3.4 31

32 Trade credit 10.0 159.2 112.8 118.2 105.0 117.2 88.1 118.9 188.3 167.6 129.3 32

33 Totals identified to sectors as assets 123896.0 139010.9 150830.5 138880.8 144939.9 145917.4 143085.9 147075.0 151878.2 155117.7 155673.9 33
64 Z.1, September 16, 2011

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

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 37564.9 42391.4 45486.7 37846.0 41787.2 42544.4 40791.6 42744.8 44756.7 45942.9 45803.1 1

 2 Foreign deposits 59.9 65.2 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 57.0 2

 3 Checkable deposits and currency 591.0 621.9 605.9 811.4 861.0 755.2 716.7 675.0 731.0 714.6 733.0 3

 4 Time and savings deposits 5238.0 5744.8 6247.9 6440.9 6540.9 6667.2 6665.5 6725.8 6770.5 6811.7 6939.1 4

 5 Money market fund shares 1018.2 1186.6 1421.0 1657.2 1382.6 1267.0 1207.4 1192.4 1195.7 1164.3 1157.6 5

 6 Securities 15002.5 17226.8 18239.5 12948.4 15723.7 16213.9 15274.7 16487.5 17611.4 18389.4 18125.7 6

 7 Open market paper 98.4 117.5 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 7

 8 U.S. savings bonds 205.1 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 8

 9 Other Treasury securities 315.4 238.1 118.6 104.0 658.7 820.9 1006.2 1025.2 963.2 867.6 694.9 9

10 Agency- and GSE-backed securities 496.8 405.6 668.9 712.1 114.3 92.5 133.3 164.0 205.5 295.1 276.2 10

11 Municipal securities 825.3 877.8 901.3 908.7 1014.7 1049.4 1053.0 1048.2 1094.6 1092.9 1070.5 11

12 Corporate and foreign bonds 1298.7 1552.8 2017.2 1955.0 2167.2 2057.6 1934.9 1826.5 1846.5 1795.9 1778.3 12

13 Corporate equities (2) 8093.6 9644.6 9633.2 5742.7 7365.9 7599.7 6848.4 7759.1 8532.6 8991.5 8946.3 13

14 Mutual fund shares 3669.1 4188.1 4596.8 3325.9 4177.2 4359.0 4055.3 4412.8 4717.7 5091.6 5108.7 14

15 Private life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 15

16 Private insured pension reserves 2197.4 2332.4 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2566.0 2587.2 16

17 Private noninsured pension reserves 5427.8 6120.5 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6148.3 6377.6 6382.8 17

18 Govt. insurance and pension reserves 3877.6 4341.8 4540.5 3682.2 4131.7 4221.9 4000.1 4208.7 4497.8 4602.8 4502.7 18

19 Miscellaneous and other assets 3112.6 3631.8 4299.6 4342.9 4071.9 4050.0 4028.6 4017.0 4012.6 4009.6 4055.6 19

20 Total liabilities 16430.0 18270.0 19770.8 20114.0 19700.9 19525.6 19441.6 19380.8 19401.4 19317.7 19310.7 20

21 Mortgage debt on nonfarm homes 9355.5 10418.8 11127.2 11035.5 10847.3 10709.5 10645.4 10568.1 10510.5 10437.3 10384.1 21

22 Other mortgage debt 1821.0 2051.2 2340.1 2582.7 2515.8 2487.8 2456.2 2429.5 2411.1 2400.6 2391.3 22

23 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 23

24 Policy loans 107.6 110.9 114.5 120.4 121.1 121.7 122.4 123.5 124.5 124.8 125.5 24

25 Security credit 232.4 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 25

26 Other liabilities 2592.9 2981.0 3308.1 3616.5 3534.8 3604.1 3613.2 3618.2 3642.5 3637.3 3673.4 26

(1) Combined statement for households and nonprofit organizations, nonfarm nonfinancial noncorporate business, and noncorporate farm business.

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
Z.1, September 16, 2011 65

L.100 Households and Nonprofit Organizations (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 42922.0 48158.7 50635.0 41291.1 44605.9 45538.8 44153.6 45865.4 48315.3 49544.5 49411.2 1

 2 Deposits 6139.9 6753.1 7406.0 8013.5 7954.4 7873.6 7788.1 7803.3 7913.9 7913.3 8053.7 2

 3 Foreign deposits 59.9 65.2 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 57.0 3

 4 Checkable deposits and currency 216.9 173.1 90.3 292.0 380.0 282.1 250.0 214.4 273.0 258.2 277.3 4

 5 Time and savings deposits 4913.9 5400.4 5888.5 6082.8 6210.8 6342.3 6345.2 6409.7 6456.4 6499.1 6627.4 5

 6 Money market fund shares 949.2 1114.5 1346.7 1581.8 1313.1 1198.6 1140.0 1125.9 1129.6 1098.5 1092.0 6

 7 Credit market instruments 3327.2 3463.1 4072.3 3963.9 4254.4 4333.3 4446.5 4388.6 4427.8 4369.6 4130.0 7

 8 Open market paper 98.4 117.5 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 8

 9 Treasury securities 464.3 384.1 255.6 246.1 802.1 964.1 1149.4 1168.1 1105.6 1009.1 835.8 9

10 Savings bonds 205.1 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 10

11 Other Treasury 259.2 181.7 59.2 52.2 610.9 773.9 959.8 979.4 917.7 822.4 649.8 11

12 Agency- and GSE-backed securities 496.8 405.6 668.9 712.1 114.3 92.5 133.3 164.0 205.5 295.1 276.2 12

13 Municipal securities 820.9 872.0 896.0 903.8 1010.2 1045.0 1048.6 1043.8 1090.3 1088.6 1066.2 13

14 Corporate and foreign bonds 1298.7 1552.8 2017.2 1955.0 2167.2 2057.6 1934.9 1826.5 1846.5 1795.9 1778.3 14

15 Other loans and advances (2) 8.7 9.1 17.6 29.7 24.5 29.6 29.6 29.7 26.2 25.2 24.4 15

16 Mortgages 139.4 122.1 109.8 111.2 101.5 99.9 96.5 93.5 90.2 87.6 84.3 16

17 Corporate equities (3) 8093.6 9644.6 9633.2 5742.7 7365.9 7599.7 6848.4 7759.1 8532.6 8991.5 8946.3 17

18 Mutual fund shares 3669.1 4188.1 4596.8 3325.9 4177.2 4359.0 4055.3 4412.8 4717.7 5091.6 5108.7 18

19 Security credit 575.3 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 19

20 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 20

21 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12332.0 13102.3 13498.0 13423.9 21

22 Equity in noncorporate business 7965.5 8893.6 8755.8 7147.8 6241.7 6364.7 6685.4 6399.5 6818.5 6847.5 6845.4 22

23 Miscellaneous assets 608.7 646.1 712.2 766.3 787.1 788.0 798.1 811.5 830.0 831.9 834.3 23

24 Total liabilities 12206.1 13459.2 14371.5 14264.6 14083.3 13964.5 13928.4 13911.3 13941.4 13866.8 13862.7 24

25 Credit market instruments 11765.0 12944.3 13807.6 13842.6 13617.1 13497.2 13434.6 13400.2 13379.3 13263.5 13258.3 25

26 Home mortgages (4) 8878.5 9867.7 10542.1 10494.5 10347.9 10223.0 10171.2 10101.4 10048.4 9982.0 9934.9 26

27 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 27

28 Municipal securities 205.2 224.1 241.2 249.3 264.1 266.0 266.9 266.1 268.1 268.1 268.7 28

29 Bank loans n.e.c. (5) 36.4 86.4 99.7 117.7 147.8 226.4 237.5 256.3 263.2 247.9 268.5 29

30 Other loans and advances 119.0 123.8 127.0 133.2 133.7 134.3 134.7 135.8 136.1 136.4 136.9 30

31 Commercial mortgages 205.3 226.5 242.2 253.8 244.7 241.4 236.9 232.6 228.8 227.3 225.8 31

32 Security credit 232.4 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 32

33 Trade payables 186.3 199.9 214.5 230.2 241.2 246.3 251.3 254.9 259.3 262.5 265.9 33

 Deferred and unpaid

34 life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 34

(1) Sector includes farm households and domestic hedge funds. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end outstandings of nonprofit organizations.

(2) Syndicated loans to nonfinancial corporate business by nonprofits and domestic hedge funds.

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18) and life insurance and pension reserves (lines 20 and 21).

(4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 24.

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.109, line 15.
66 Z.1, September 16, 2011

L.101 Nonfinancial Business (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 14505.3 15784.0 17358.0 16630.8 17012.3 17169.3 17252.6 17507.7 17772.6 18033.1 18262.9 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.6 38.7 49.5 60.0 72.2 79.1 84.2 2

 3 Checkable deposits and currency 646.2 604.5 662.9 558.0 656.1 725.8 760.1 812.3 875.9 924.8 964.9 3

 4 Time and savings deposits 774.5 841.4 800.7 740.0 821.3 785.1 760.5 789.5 787.9 836.7 886.2 4

 5 Money market fund shares 417.1 488.5 618.7 777.9 715.6 636.6 591.8 588.3 583.6 563.2 545.3 5

 6 Security RPs 14.6 15.5 8.1 7.2 8.0 9.2 9.4 6.7 12.4 13.0 12.3 6

 7 Credit market instruments 437.2 425.6 356.4 313.4 312.3 311.8 315.7 324.8 313.4 312.2 320.0 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.9 58.2 64.9 73.7 72.7 77.3 77.0 8

 9 Treasury securities 108.3 101.8 97.7 82.3 86.9 92.3 93.9 94.3 84.9 84.2 91.2 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 13.0 15.1 15.8 16.2 13.2 13.0 15.4 10

11 Municipal securities 36.6 33.9 34.5 31.1 31.8 27.8 24.7 25.8 25.3 24.7 24.1 11

12 Mortgages 104.4 94.5 83.5 72.8 66.4 65.0 63.6 62.4 61.3 60.3 59.4 12

13 Consumer credit 59.6 57.6 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 13

14 Mutual fund shares 140.0 180.7 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 236.5 14

15 Trade receivables 2539.2 2560.8 2778.7 2603.7 2596.5 2646.1 2740.5 2772.7 2716.7 2807.0 2905.6 15

16 Miscellaneous assets 9472.9 10617.7 11891.2 11480.0 11680.7 11816.7 11837.1 11946.9 12187.5 12262.2 12307.8 16

17 Total liabilities 15406.0 16632.3 18315.2 19074.4 18636.6 18677.6 18681.2 18786.8 18864.0 18997.0 19079.5 17

18 Credit market instruments 8449.5 9343.4 10571.7 11151.2 10858.2 10801.6 10757.1 10806.5 10836.1 10901.6 11000.4 18

19 Commercial paper 90.1 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 19

20 Municipal securities 176.8 182.2 190.3 193.0 198.5 199.0 199.8 202.4 207.1 206.8 206.4 20

21 Corporate bonds 3031.1 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 21

22 Bank loans n.e.c. 1188.5 1314.3 1547.7 1722.2 1405.7 1347.6 1312.4 1291.6 1314.5 1328.6 1355.7 22

23 Other loans and advances 1117.4 1268.7 1575.8 1643.7 1488.5 1415.2 1397.7 1369.9 1304.8 1271.8 1260.7 23

24 Mortgages 2845.5 3219.0 3576.2 3698.3 3567.2 3518.4 3459.5 3411.2 3366.5 3325.7 3300.6 24

25 Trade payables 2035.1 2161.7 2272.8 2053.4 1936.1 1979.5 2030.6 2070.8 2104.3 2149.6 2208.4 25

26 Taxes payable 172.9 181.1 135.3 145.1 134.1 146.4 139.5 141.7 133.2 150.9 140.3 26

27 Miscellaneous liabilities 4748.5 4946.1 5335.4 5724.7 5708.3 5750.1 5754.0 5767.8 5790.3 5795.0 5730.4 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
Z.1, September 16, 2011 67

L.102 Nonfarm Nonfinancial Corporate Business

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 11896.0 12653.2 13746.1 12920.2 13582.5 13792.1 13921.6 14219.8 14504.4 14778.4 15015.5 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.6 38.7 49.5 60.0 72.2 79.1 84.2 2

 3 Checkable deposits and currency 267.8 150.9 141.9 32.7 168.7 245.6 286.1 344.2 410.4 460.9 501.8 3

 4 Time and savings deposits 450.4 497.0 441.3 381.9 491.2 460.2 440.2 473.5 473.9 524.1 574.5 4

 5 Money market fund shares 348.2 416.3 544.4 702.6 646.1 568.3 524.3 521.8 517.5 497.4 479.7 5

 6 Security RPs 14.6 15.5 8.1 7.2 8.0 9.2 9.4 6.7 12.4 13.0 12.3 6

 7 Credit market instruments 340.4 328.8 249.7 217.5 223.9 224.9 230.0 240.3 229.3 228.6 236.6 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.9 58.2 64.9 73.7 72.7 77.3 77.0 8

 9 Treasury securities 52.1 45.5 38.3 30.5 39.1 45.2 47.5 48.6 39.5 38.9 46.1 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 13.0 15.1 15.8 16.2 13.2 13.0 15.4 10

11 Municipal securities 32.1 28.1 29.2 26.2 27.3 23.3 20.3 21.5 21.0 20.4 19.8 11

12 Mortgages 68.3 59.8 41.4 33.6 30.3 29.5 28.7 27.8 27.0 26.2 25.4 12

13 Consumer credit 59.6 57.6 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 13

14 Mutual fund shares 140.0 180.7 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 236.5 14

15 Trade receivables 2108.2 2090.0 2253.0 2081.1 2114.6 2171.9 2273.0 2311.4 2258.4 2350.8 2450.6 15

16 Miscellaneous assets 8162.9 8924.7 9866.4 9346.7 9708.1 9874.2 9921.0 10055.5 10307.4 10389.7 10439.3 16

17 U.S. direct investment abroad (1) 2205.7 2440.7 2892.9 3011.1 3294.0 3404.4 3471.6 3545.5 3585.2 3681.6 3811.0 17

18 Insurance receivables 276.2 282.7 290.1 300.0 298.2 297.8 300.4 302.2 300.7 300.5 305.7 18

19 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Investment in finance company subs. 117.0 140.1 81.5 80.5 71.2 95.9 94.6 94.2 91.5 90.1 93.8 20

21 Other 5564.0 6061.1 6601.9 5955.2 6044.8 6076.2 6054.4 6113.6 6330.1 6317.6 6228.8 21

22 Total liabilities 11145.3 11781.9 12872.6 13173.3 12964.6 13056.0 13106.0 13253.7 13340.4 13483.6 13570.7 22

23 Credit market instruments 5472.4 5943.5 6702.5 6955.1 6967.6 7002.3 7018.8 7102.7 7132.8 7226.2 7325.1 23

24 Commercial paper 90.1 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 24

25 Municipal securities (2) 176.8 182.2 190.3 193.0 198.5 199.0 199.8 202.4 207.1 206.8 206.4 25

26 Corporate bonds (1) 3031.1 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 26

27 Bank loans n.e.c. 508.7 518.3 609.9 663.6 542.6 539.0 525.2 519.2 528.8 538.3 548.9 27

28 Other loans and advances (3) 932.5 1061.7 1350.2 1405.0 1261.3 1190.3 1174.1 1137.0 1066.8 1049.8 1040.2 28

29 Mortgages 733.2 822.1 870.4 799.6 767.1 752.6 732.1 712.7 686.9 662.6 652.6 29

30 Trade payables 1699.4 1813.0 1898.9 1669.0 1579.0 1624.9 1682.2 1732.3 1773.0 1811.2 1873.4 30

31 Taxes payable 86.2 85.4 35.8 39.0 35.7 49.5 43.9 47.3 39.3 57.4 47.1 31

32 Miscellaneous liabilities 3887.3 3940.0 4235.4 4510.3 4382.3 4379.4 4361.2 4371.4 4395.2 4388.9 4325.1 32

33 Foreign direct investment in U.S. 1549.4 1722.7 1961.9 2050.3 2025.8 2070.8 2099.2 2166.0 2175.2 2199.5 2241.4 33

34 Pension fund contributions payable 44.8 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 34

35 Other 2293.1 2174.5 2226.2 2412.1 2306.0 2258.7 2212.4 2156.0 2170.8 2140.3 2034.7 35

 Memo:

36 Trade receivables net of payables 408.9 277.0 354.1 412.1 535.6 547.0 590.8 579.1 485.4 539.6 577.2 36

37 Market value of equities 12686.6 14602.3 15730.7 10016.6 12494.7 12924.9 11497.7 12913.7 14429.6 15302.6 15211.2 37

38 Securities and mortgages 3941.1 4251.0 4618.5 4755.0 5105.3 5199.4 5237.5 5348.5 5454.3 5527.6 5629.1 38

39 Loans and short-term paper 1531.3 1692.6 2083.9 2200.1 1862.3 1802.9 1781.2 1754.2 1678.5 1698.5 1696.0 39

40 Total short-term liabilities (4) 3316.9 3591.0 4018.6 3908.0 3477.0 3477.2 3507.3 3533.8 3490.8 3567.1 3616.5 40

41 Total liquid assets (5) 1497.0 1521.2 1526.7 1398.9 1672.2 1663.0 1646.1 1772.6 1855.6 1958.9 2047.1 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.0 71.5 68.9 68.4 73.3 74.3 74.6 75.3 76.5 76.5 76.8 42

43 Short-term debt/credit market debt 28.0 28.5 31.1 31.6 26.7 25.7 25.4 24.7 23.5 23.5 23.2 43

44 Liquid assets/short-term liabilities 45.1 42.4 38.0 35.8 48.1 47.8 46.9 50.2 53.2 54.9 56.6 44

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.

(3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.

(4) Loans (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
68 Z.1, September 16, 2011

L.103 Nonfarm Nonfinancial Noncorporate Business

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2541.8 3057.2 3533.1 3629.0 3345.7 3292.6 3246.0 3202.6 3182.5 3167.8 3159.4 1

 2 Checkable deposits and currency 355.5 428.6 494.3 497.6 458.8 451.5 445.1 439.1 436.4 434.4 433.2 2

 3 Time and savings deposits 324.1 344.4 359.3 358.1 330.1 324.9 320.3 316.0 314.0 312.6 311.7 3

 4 Money market fund shares 69.0 72.2 74.3 75.4 69.5 68.4 67.4 66.5 66.1 65.8 65.6 4

 5 Treasury securities 56.2 56.3 59.3 51.8 47.8 47.0 46.3 45.7 45.4 45.2 45.1 5

 6 Municipal securities 4.4 5.8 5.3 4.9 4.5 4.5 4.4 4.3 4.3 4.3 4.3 6

 7 Mortgages 36.2 34.6 42.1 39.1 36.1 35.5 35.0 34.5 34.3 34.1 34.0 7

 8 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Trade receivables 430.9 470.9 525.6 522.7 481.9 474.2 467.5 461.3 458.4 456.2 455.0 9

10 Miscellaneous assets 1265.5 1644.4 1972.8 2079.4 1917.1 1886.7 1860.0 1835.1 1823.6 1815.2 1810.3 10

11 Insurance receivables 65.3 66.9 68.6 70.7 71.0 70.9 71.5 71.9 71.6 71.5 72.7 11

12 Equity investment in GSEs (1) 1.8 1.9 2.2 4.8 4.8 4.8 5.0 5.0 4.8 4.8 4.9 12

13 Other 1198.4 1575.6 1902.0 2003.9 1841.4 1811.1 1783.5 1758.2 1747.2 1738.9 1732.7 13

14 Total liabilities 4064.3 4646.8 5228.6 5659.4 5430.1 5378.5 5330.8 5287.5 5276.8 5267.7 5264.3 14

15 Credit market instruments 2786.9 3195.6 3650.3 3972.1 3672.9 3584.5 3521.5 3481.1 3474.6 3456.7 3455.3 15

16 Bank loans n.e.c. 629.9 742.8 882.3 1000.0 804.6 753.9 729.9 714.4 727.4 736.4 750.3 16

17 Other loans and advances 149.5 163.9 174.9 208.1 199.5 197.3 198.0 203.3 203.8 192.2 190.9 17

18 Mortgages 2007.5 2288.9 2593.1 2764.0 2668.8 2633.3 2593.6 2563.5 2543.3 2528.0 2514.1 18

19 Trade payables 329.4 349.4 378.7 366.8 332.8 326.4 320.8 315.6 313.2 311.4 310.4 19

20 Taxes payable 86.7 95.7 99.5 106.2 98.4 96.9 95.6 94.4 93.9 93.5 93.2 20

21 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1326.0 1370.7 1392.8 1396.3 1395.1 1406.2 1405.3 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

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

 1 Total financial assets 67.5 73.7 78.8 81.6 84.1 84.5 84.9 85.3 85.7 86.9 88.0 1

 2 Checkable deposits and currency 22.9 25.0 26.8 27.7 28.6 28.7 28.9 29.0 29.2 29.5 29.9 2

 3 Miscellaneous assets 44.5 48.6 52.0 53.8 55.5 55.8 56.0 56.3 56.6 57.3 58.1 3

 4 Insurance receivables 41.7 45.6 48.5 51.8 53.5 53.7 54.1 54.1 54.1 54.8 55.6 4

 5 Equity investment in GSEs (2) 2.8 3.0 3.6 2.0 2.0 2.1 1.9 2.2 2.5 2.6 2.5 5

 6 Total liabilities 196.4 203.6 214.1 241.6 241.9 243.1 244.4 245.6 246.9 245.7 244.5 6

 7 Credit market instruments 190.1 204.3 218.9 224.0 217.7 214.9 216.8 222.7 228.7 218.8 219.9 7

 8 Bank loans n.e.c. 49.9 53.2 55.5 58.7 58.5 54.6 57.4 58.1 58.3 53.9 56.5 8

 9 Other loans and advances 35.4 43.0 50.7 30.6 27.8 27.7 25.6 29.6 34.2 29.8 29.5 9

10 Mortgages (3) 104.8 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.1 133.9 10

11 Trade payables 6.3 -0.7 -4.8 17.7 24.2 28.2 27.6 22.9 18.1 26.9 24.6 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
Z.1, September 16, 2011 69

L.105 State and Local Governments (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2246.9 2460.7 2590.6 2508.6 2598.5 2643.2 2618.2 2651.0 2708.4 2688.4 2665.1 1

 2 Checkable deposits and currency 56.5 61.9 57.1 65.6 84.9 81.0 81.8 81.4 91.5 90.0 95.3 2

 3 Time and savings deposits 183.3 209.6 245.9 265.1 275.9 281.9 265.1 268.7 275.5 278.8 274.2 3

 4 Money market fund shares 71.7 78.5 81.9 80.5 85.0 86.8 86.1 87.6 89.7 89.4 89.1 4

 5 Security RPs 141.2 154.6 161.2 158.6 167.3 170.9 169.4 172.5 176.5 175.9 175.4 5

 6 Credit market instruments 1352.0 1480.6 1507.8 1382.4 1351.6 1358.8 1340.5 1336.1 1348.6 1318.9 1284.0 6

 7 Open market paper 184.8 202.4 191.1 127.6 74.1 68.7 56.8 50.8 46.1 35.3 24.6 7

 8 Treasury securities 481.4 526.9 534.1 485.5 505.6 506.1 511.6 506.2 512.9 500.8 484.4 8

 9 Agency- and GSE-backed securities 401.6 439.9 458.7 451.1 436.1 441.1 432.1 435.8 442.3 435.5 428.9 9

10 Municipal securities 5.0 5.5 5.7 5.6 5.9 6.1 6.0 6.1 6.3 6.2 6.2 10

11 Corporate and foreign bonds 127.2 139.4 145.3 142.9 150.9 154.0 152.7 155.5 159.1 158.6 158.1 11

12 Mortgages 151.9 166.4 172.8 169.7 179.0 182.8 181.2 181.7 181.8 182.4 181.9 12

13 Corporate equities 96.8 106.0 111.6 86.2 122.3 117.2 108.7 110.8 113.6 113.2 112.8 13

14 Mutual fund shares 29.6 32.5 33.8 33.3 35.1 35.9 30.6 31.2 32.1 31.9 31.8 14

15 Trade receivables 144.7 158.5 165.3 162.5 171.5 175.1 173.7 176.8 180.9 180.3 179.7 15

16 Taxes receivable 141.0 189.0 237.5 269.8 280.9 281.8 286.9 295.5 298.0 303.5 308.2 16

17 Miscellaneous assets 30.0 -10.5 -11.6 4.5 24.0 53.7 75.5 90.4 102.0 106.5 114.7 17

18 Total liabilities 2336.5 2524.6 2752.7 2843.3 2990.8 3031.6 3038.9 3063.8 3136.0 3125.9 3114.1 18

19 Credit market instruments 1854.5 2008.2 2199.2 2250.7 2360.3 2391.7 2389.4 2404.7 2467.2 2447.3 2425.6 19

20 Municipal securities 1843.9 1996.9 2187.3 2237.9 2346.8 2378.0 2375.7 2390.8 2452.8 2432.8 2410.9 20

21 Short-term 105.9 102.8 120.1 132.6 135.6 134.8 119.6 130.5 150.0 147.7 127.1 21

22 Other 1737.9 1894.2 2067.2 2105.3 2211.2 2243.3 2256.0 2260.3 2302.8 2285.0 2283.9 22

23 U.S. government loans 10.6 11.2 11.9 12.7 13.5 13.7 13.8 13.9 14.4 14.5 14.7 23

24 Trade payables 482.0 516.4 553.5 592.7 630.4 639.9 649.5 659.1 668.8 678.6 688.5 24

(1) Data for employee retirement funds are shown in table L.119.

L.106 Federal Government

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

 1 Total financial assets 643.7 641.3 686.6 1268.2 1351.3 1378.3 1431.8 1512.6 1570.0 1402.7 1415.0 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 92.2 89.8 96.3 95.4 102.1 105.9 2

 3 Checkable deposits and currency 36.8 32.9 56.5 368.0 193.6 219.5 291.6 310.2 342.1 117.5 135.5 3

 4 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 1.8 1.8 2.0 1.5 1.7 4

 5 Credit market instruments 273.8 279.9 286.5 373.1 669.2 685.4 688.0 734.0 754.5 785.9 764.7 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 196.4 186.4 175.3 164.4 149.2 138.4 103.7 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.6 0.7 0.8 0.9 0.9 0.9 7

 8 Other loans and advances 107.4 108.0 105.8 111.8 177.9 181.5 181.1 182.0 181.4 183.6 180.7 8

 9 Mortgages 76.6 80.3 82.4 95.8 108.4 107.1 108.4 106.6 106.6 107.8 109.3 9

10 Consumer credit (1) 89.8 91.7 98.4 111.0 186.0 209.8 222.6 280.3 316.4 355.2 370.1 10

11 Corporate equities (2) 0.0 0.0 0.0 188.7 67.4 48.0 45.1 44.1 40.9 55.0 60.0 11

12 Trade receivables 71.0 59.4 60.6 64.7 43.6 45.0 42.0 42.7 42.9 45.0 45.8 12

13 Taxes receivable 91.6 96.1 105.0 119.4 135.1 139.1 143.0 146.9 150.8 154.8 158.7 13

14 Miscellaneous assets 133.7 136.8 138.7 110.8 145.8 147.2 130.5 136.8 141.4 141.0 142.8 14

15 Total liabilities 5947.6 6193.2 6537.4 7888.4 9410.5 9882.0 10240.1 10653.0 11100.7 11364.4 11371.2 15

16 SDR allocations 7.0 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 16

17 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 17

18 Treasury currency 27.5 28.1 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 18

19 Credit market instruments 4701.9 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 19

20 Savings bonds 205.1 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 20

21 Other Treasury securities 4472.9 4659.4 4902.8 6144.2 7590.7 8069.4 8414.2 8805.1 9173.6 9434.6 9528.1 21

22 Budget agency securities 23.8 23.5 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 22

23 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 23

24 Trade payables 202.7 208.9 238.2 260.8 209.2 222.6 232.1 231.7 231.7 247.9 254.1 24

25 Insurance reserves 42.7 44.2 45.4 46.4 47.5 47.4 47.6 47.8 48.4 48.5 48.9 25

26 Miscellaneous liabilities (3) 963.7 1017.2 1094.2 1183.5 1261.6 1243.8 1249.1 1269.6 1349.4 1335.1 1242.0 26

27 Nonmarketable securities held by pension plans 882.9 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 27

28 Other 80.7 98.6 142.2 168.2 184.4 183.2 184.3 188.1 206.5 206.3 199.9 28

(1) Student loans.

(2) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at market price.

(3) 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.
70 Z.1, September 16, 2011

L.107 Rest of the World

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 11530.0 13979.6 15875.4 14994.5 15601.0 15830.8 16050.5 16435.3 17163.2 17606.7 17728.7 1

 2 SDR allocations 7.0 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 2

 3 Net interbank assets 106.0 96.7 -56.9 362.9 68.9 19.6 39.4 -24.0 10.2 221.1 135.3 3

 4 U.S. checkable deposits and currency 300.1 311.6 306.1 370.1 360.9 363.8 366.9 375.2 390.4 409.9 425.8 4

 5 U.S. time deposits 155.9 167.4 207.6 273.1 229.9 221.6 225.3 231.2 234.4 252.3 251.5 5

 6 Money market fund shares 23.0 27.0 46.0 69.7 80.3 80.9 81.5 82.1 82.7 83.3 83.9 6

 7 Security RPs (net) 231.2 364.6 338.4 114.9 31.0 -31.4 -123.1 -118.6 -98.6 -40.7 -57.2 7

 8 Credit market instruments 5191.3 6199.7 7272.6 7504.6 7724.6 7852.4 7960.8 8161.2 8375.8 8394.8 8382.5 8

 9 Open market paper 239.6 286.3 278.1 232.9 191.5 194.1 187.4 192.6 192.4 200.6 194.4 9

10 Treasury securities 1984.4 2126.2 2376.4 3253.0 3671.4 3852.9 3966.7 4216.4 4385.3 4422.3 4437.8 10

11 Official 1340.6 1558.3 1736.7 2400.5 2879.6 2977.0 3008.7 3197.7 3320.7 3354.2 3433.5 11

12 Private 643.8 567.9 639.8 852.5 791.8 876.0 958.0 1018.7 1064.6 1068.1 1004.3 12

13 Agency- and GSE-backed securities 1012.9 1263.6 1582.4 1406.9 1154.8 1116.5 1128.0 1096.1 1077.3 1054.6 1029.6 13

14 Official 487.2 695.2 954.3 940.5 749.0 733.6 755.3 690.0 669.2 680.3 678.3 14

15 Private 525.7 568.4 628.0 466.4 405.9 382.9 372.7 406.0 408.1 374.2 351.3 15

16 Municipal securities 29.0 34.4 45.1 50.5 57.0 61.0 65.0 69.0 73.0 75.2 77.2 16

17 U.S. corporate bonds (1) 1762.9 2320.5 2719.1 2354.0 2467.0 2441.9 2415.7 2423.3 2487.4 2479.8 2461.9 17

18 Loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.8 185.9 198.0 163.9 160.4 162.3 181.7 18

19 U.S. corporate equities 2039.1 2448.1 2812.2 1806.6 2515.7 2731.5 2420.2 2769.9 3060.3 3263.6 3281.8 19

20 Mutual fund shares 242.0 316.8 373.5 256.2 321.7 337.1 312.5 342.0 366.6 391.5 393.0 20

21 Trade receivables 56.9 62.8 83.6 90.1 96.7 106.8 114.4 112.0 116.1 115.9 117.6 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 3177.5 3977.7 4484.6 4138.7 4116.0 4095.0 4600.2 4449.5 4570.8 4459.1 4658.0 23

24 Foreign direct investment in U.S. (2) 1906.0 2154.1 2345.9 2397.4 2441.7 2492.9 2528.7 2612.6 2658.9 2686.7 2737.2 24

25 Other 1271.5 1823.7 2138.7 1741.3 1674.3 1602.1 2071.5 1836.9 1911.9 1772.4 1920.8 25

26 Total liabilities 6088.3 7234.2 8542.3 8599.1 8790.5 8898.7 9580.7 9162.9 9728.9 9845.3 9958.0 26

27 U.S. official reserve assets (3) 54.1 54.9 59.5 66.6 119.7 116.5 113.5 122.1 121.4 128.3 132.8 27

28 U.S. private deposits 997.8 1085.0 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 949.7 28

29 Credit market instruments 1513.9 1882.6 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.3 29

30 Commercial paper 384.0 482.3 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 30

31 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.7 31

32 Bank loans n.e.c. 84.4 98.3 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 32

33 Official 2.6 1.9 1.9 2.6 3.2 3.0 3.3 3.5 4.3 4.2 3.2 33

34 Banks 18.1 21.9 30.2 33.0 27.9 30.4 33.1 34.1 39.7 45.7 49.1 34

35 Other 63.7 74.4 70.8 72.4 65.8 63.8 64.3 70.0 71.2 77.1 78.2 35

36 U.S. government loans 33.7 26.4 23.1 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 36

37 Acceptance liabilities to banks 0.2 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Trade payables 54.5 60.7 73.1 63.2 70.6 79.7 84.0 92.7 98.4 96.9 81.4 38

39 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Miscellaneous liabilities 3468.1 4151.0 4942.4 5813.9 5669.2 5747.8 6396.8 5924.2 6323.8 6336.6 6473.0 40

41 U.S. equity in IBRD, etc. 43.2 45.3 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 41

42 Nonofficial foreign currencies 0.6 0.6 24.5 554.2 10.9 0.7 2.1 0.9 0.8 0.7 1.0 42

43 U.S. direct investment abroad (1,2) 2651.7 2948.2 3553.1 3748.5 4067.5 4184.1 4260.2 4345.7 4429.4 4528.1 4669.9 43

44 Other 772.6 1157.1 1318.0 1462.8 1540.8 1512.6 2082.9 1525.5 1841.2 1754.9 1747.8 44

 Memo:

45 Market value of foreign equities 3317.7 4329.0 5248.0 2748.4 3995.3 4103.8 3624.9 4261.3 4485.6 4673.4 4660.0 45

 held by U.S. residents (4)

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Direct investment is valued on a current-cost basis.

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
Z.1, September 16, 2011 71

L.108 Financial Business (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 52048.2 57986.5 63684.9 62187.6 63770.9 63357.0 61579.2 63103.0 64348.7 65842.3 66191.0 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 4

 5 Foreign deposits 94.7 84.1 127.3 129.3 97.1 92.5 92.5 103.9 105.9 107.5 112.2 5

 6 Net interbank assets 70.1 70.1 124.4 1475.9 1126.4 1115.6 1026.0 983.8 1019.6 1459.0 1650.6 6

 7 Checkable deposits and currency 261.5 315.8 350.0 441.0 411.6 390.2 419.8 382.8 381.1 387.0 408.7 7

 8 Time and savings deposits 358.7 375.5 461.1 578.4 776.4 714.3 644.7 675.8 676.3 684.8 673.7 8

 9 Money market fund shares 545.8 603.7 939.8 1247.3 1064.4 927.8 861.1 862.3 869.8 845.1 827.6 9

10 Federal funds and security RPs 678.2 760.1 1029.2 963.0 842.0 854.4 833.5 875.2 846.9 893.8 872.3 10

11 Credit market instruments 30699.3 33506.2 36549.0 38896.4 38034.8 37338.6 37104.8 37186.6 37274.4 37463.4 37673.1 11

12 Open market paper 1010.4 1229.1 1142.7 1175.5 780.2 715.4 664.8 670.4 682.8 750.1 720.8 12

13 Treasury securities 1639.6 1722.7 1835.4 2271.3 2716.0 2844.2 2882.2 3008.8 3272.7 3605.0 3865.0 13

14 Agency- and GSE-backed securities 4235.9 4368.2 4675.0 5532.0 6192.1 5805.3 5777.0 5741.6 5710.6 5712.1 5724.1 14

15 Municipal securities 1334.4 1457.5 1637.6 1689.2 1704.5 1703.2 1698.0 1714.6 1733.2 1712.9 1712.3 15

16 Corporate and foreign bonds 5504.9 5969.1 6553.4 6560.6 6722.8 6765.6 6814.3 6996.7 6978.6 7027.4 7067.9 16

17 Bank loans n.e.c. 1577.9 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.7 17

18 Other loans and advances 1622.6 1785.8 2210.4 2362.7 1890.4 1749.8 1690.0 1654.2 1582.6 1516.3 1472.2 18

19 Mortgages 11602.4 13001.9 14068.8 14160.7 13871.4 13695.2 13585.3 13469.5 13377.5 13273.3 13207.7 19

20 Consumer credit 2171.2 2266.7 2398.3 2423.3 2235.7 2142.8 2112.1 2075.1 2062.3 1993.9 2000.4 20

21 Corporate equities 10406.7 12140.5 13023.9 7816.2 10051.9 10520.6 9315.7 10387.8 11499.5 12121.2 12003.9 21

22 Mutual fund shares 1968.1 2350.2 2633.8 1694.1 2237.4 2363.9 2177.8 2409.2 2595.2 2722.1 2736.2 22

23 Trade receivables 181.8 195.2 197.1 182.2 144.2 139.9 140.8 141.2 135.6 138.0 139.3 23

24 Security credit 463.1 594.3 660.0 385.8 422.6 428.8 460.1 476.9 520.5 554.8 572.6 24

25 Miscellaneous assets 6251.6 6918.9 7514.3 8301.2 8477.9 8387.3 8419.2 8532.0 8338.1 8379.4 8433.8 25

26 Total liabilities 49487.0 55074.2 60516.9 59293.8 60198.0 59631.7 57938.7 59348.0 60486.6 61916.4 62177.9 26

27 Net interbank liabilities 197.4 186.1 88.6 1890.5 1281.5 1194.1 1139.4 1029.2 1091.6 1755.4 1875.8 27

28 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.4 28

29 Time and savings deposits 6387.6 6995.8 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.7 29

30 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 30

31 Federal funds and security RPs 1748.5 2151.7 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1209.3 31

32 Credit market instruments 12996.2 14291.4 16217.5 17119.1 15615.5 14793.5 14540.7 14366.1 14153.1 14060.7 13810.2 32

33 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 33

34 Agency- and GSE-backed securities 6140.7 6468.9 7374.6 8143.4 8083.3 7633.4 7637.6 7594.1 7574.0 7624.3 7553.3 34

35 Corporate and foreign bonds 4651.1 5459.6 6290.1 6012.8 5798.4 5565.8 5406.6 5341.0 5175.0 5056.0 4945.3 35

36 Bank loans n.e.c. 268.6 206.2 277.1 773.2 271.5 246.0 230.7 200.1 181.3 168.7 148.0 36

37 Other loans and advances 620.2 641.4 867.1 900.5 617.9 561.4 530.5 488.0 473.2 442.5 424.8 37

38 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 176.6 181.2 38

39 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 39

40 Trade payables 43.1 48.3 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.2 40

41 Security credit 806.0 957.8 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1017.4 41

42 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 42

43 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12332.0 13102.3 13498.0 13423.9 43

44 Taxes payable 41.6 55.9 32.4 -101.1 -95.0 -97.7 -96.3 -88.1 -82.0 -73.7 -75.4 44

45 Miscellaneous liabilities 5183.7 5629.4 6223.3 7353.5 7246.7 7172.8 7311.2 7503.2 7327.6 7309.6 7462.0 45

 Memo:

46 Market value of corporate equities 4631.9 5408.0 4602.2 2875.4 3633.2 3988.2 3615.6 3896.6 4331.8 4568.5 4533.6 46

47 Equity in noncorporate business 11.7 9.8 11.6 9.5 12.1 14.2 14.0 13.0 13.8 13.3 11.8 47

(1) Sum of financial sectors shown on tables L.109 through L.130.
72 Z.1, September 16, 2011

L.109 Monetary Authority (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 878.7 908.2 951.3 2270.6 2267.2 2338.7 2363.4 2327.7 2453.2 2656.8 2891.6 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 4

 5 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 5

 6 Federal Reserve loans to domestic banks 0.1 0.1 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 6

 7 Discount window (2) 0.1 0.1 48.6 544.0 96.6 11.5 0.7 0.3 0.2 0.1 0.1 7

 8 AMLF (3) 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Security RPs 46.8 40.8 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Credit market instruments 744.2 778.9 740.6 986.0 1987.7 2151.8 2187.3 2150.3 2259.2 2479.2 2700.4 10

11 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 744.2 778.9 740.6 475.9 776.6 776.7 777.0 811.7 1021.5 1340.4 1619.5 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1068.3 1237.7 1282.9 1232.6 1139.6 1069.7 1025.6 13

14 Bank loans n.e.c. 0.0 0.0 0.0 490.4 142.8 137.4 127.5 106.0 98.1 69.1 55.3 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 47.5 47.2 42.5 29.7 24.7 19.2 12.8 15

16 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Brokers and dealers (5) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 29.1 29.2 29.3 29.3 28.2 25.8 24.1 21.6 18

19 Funding corporations (AIG) 0.0 0.0 0.0 38.9 22.2 25.4 24.7 18.9 20.0 0.0 0.0 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 19.5 16.0 15.3 14.7 14.1 13.5 12.8 8.6 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 24.4 18.5 17.3 16.3 15.1 14.1 12.9 12.3 21

22 Funding corporations (CPFF) (9) 0.0 0.0 0.0 333.0 9.4 2.9 0.0 0.0 0.0 0.0 0.0 22

23 Corporate equities (10) 0.0 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 23

24 Miscellaneous assets 18.1 17.0 40.5 569.8 75.9 68.2 68.6 67.2 83.1 92.8 105.0 24

25 Nonofficial foreign currencies (11) 0.0 0.0 24.0 553.7 10.3 0.0 1.2 0.1 0.1 0.0 0.0 25

26 Other 18.1 17.0 16.5 16.1 65.6 68.2 67.3 67.1 83.0 92.8 105.0 26

27 Total liabilities 865.7 892.9 932.8 2249.6 2241.6 2312.7 2333.9 2297.4 2426.7 2630.5 2865.1 27

28 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 1053.9 973.5 934.6 968.1 1407.0 1595.9 28

29 Vault cash of commercial banks 50.1 51.7 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.5 29

30 Checkable deposits and currency 750.8 774.3 792.1 1220.3 1102.7 1120.5 1207.8 1218.8 1287.8 1078.7 1116.4 30

31 Due to federal government 4.8 5.0 16.4 365.7 191.9 216.7 287.8 308.1 340.9 116.4 135.3 31

32 Treasury cash holdings 0.2 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 32

33 Treasury general deposit account 4.6 4.7 16.1 106.1 186.6 91.5 87.6 107.9 140.8 111.2 130.1 33

34 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 5.0 125.0 200.0 200.0 200.0 5.0 5.0 34

35 Due to rest of the world 0.1 0.1 0.1 1.4 2.4 1.7 1.2 2.5 3.4 0.1 0.4 35

36 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 19.3 27.4 4.0 13.5 10.2 7.3 36

37 Currency outside banks 743.9 768.5 773.9 832.2 873.3 882.8 891.3 904.2 930.0 952.0 973.5 37

38 Security RPs 30.5 29.6 44.0 88.4 77.7 57.8 67.2 63.8 59.7 62.2 70.3 38

39 Miscellaneous liabilities 15.3 18.5 21.0 23.1 29.2 28.7 31.6 29.7 58.4 29.3 27.0 39

40 Federal Reserve Bank stock 13.5 15.3 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 40

41 Other 1.8 3.2 2.5 2.1 3.6 2.5 5.0 3.0 31.9 3.0 0.5 41

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board.

(2) Loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit.

(3) Loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

(4) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).

(5) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the AMLF.

(6) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangements associated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc.

(7) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries.

(8) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.

(9) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.

(10) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(11) Reciprocal currency arrangements (swap lines) with foreign central banks.
Z.1, September 16, 2011 73

L.110 U.S.-Chartered Commercial Banks

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 7450.8 8171.6 8840.8 10247.7 10044.6 10255.7 10152.4 10088.2 10076.5 10094.5 10269.0 1

 2 Vault cash and reserves at Federal Reserve 65.5 67.8 72.2 635.1 679.5 684.0 651.6 588.5 588.4 708.1 879.3 2

 3 Total bank credit 6621.3 7320.5 7883.7 8382.9 8306.2 8549.5 8437.3 8467.3 8505.8 8398.9 8401.4 3

 4 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 64.2 61.9 73.0 53.4 117.7 181.6 181.2 220.2 211.6 210.0 177.7 5

 6 Agency- and GSE-backed securities 992.7 1040.3 928.9 1068.7 1224.0 1219.3 1213.1 1259.8 1310.8 1341.9 1340.0 6

 7 Residential mortgage pass-through securities 579.0 647.8 592.8 744.9 744.3 707.2 670.8 700.6 729.6 739.3 728.9 7

 8 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 3.5 3.6 3.4 3.4 3.3 3.7 4.2 8

 9 Residential CMOs and other structured MBS 152.3 147.2 142.8 157.1 217.0 261.7 285.8 312.2 334.3 353.3 380.9 9

10 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 3.9 3.6 3.4 3.5 3.6 4.7 5.2 10

11 Other 261.5 245.3 193.3 166.7 255.2 243.3 249.7 240.1 240.0 240.9 220.8 11

12 Municipal securities 157.2 178.9 190.9 214.1 215.1 216.2 218.4 226.4 243.5 249.0 256.3 12

13 Corporate and foreign bonds 411.6 470.7 572.4 542.0 582.6 523.2 499.5 499.3 474.9 461.1 456.1 13

14 Priv. residential mortgage pass-through securities 23.9 32.7 48.2 23.8 13.8 11.8 5.0 4.7 4.4 11.0 5.1 14

15 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 17.7 17.0 12.0 11.4 11.3 9.1 9.2 15

16 Priv. residential CMOs and other structured MBS 146.2 158.8 223.7 222.2 170.5 140.7 128.1 117.4 106.0 98.9 92.8 16

17 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 25.9 25.5 24.8 24.5 24.6 20.0 19.9 17

18 Other 241.5 279.1 300.5 296.0 354.7 328.2 329.6 341.3 328.7 322.2 329.1 18

19 Bank loans n.e.c. 1249.3 1312.2 1532.9 1670.8 1338.4 1340.2 1332.3 1328.6 1350.7 1354.6 1390.8 19

20 Mortgages 2902.1 3338.9 3564.6 3754.7 3738.6 3681.9 3634.1 3603.0 3580.1 3482.3 3455.0 20

21 Consumer credit 707.0 741.2 804.1 878.6 855.3 1149.2 1133.7 1115.2 1098.7 1058.9 1072.3 21

22 Security credit 95.6 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 22

23 Corporate equities 24.1 35.3 41.5 6.7 30.3 34.7 21.8 29.5 38.2 42.0 45.1 23

24 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 43.2 38.7 41.2 45.0 47.1 45.0 24

25 Customers’ liab. on acceptances (1) 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 760.8 783.4 884.8 1229.7 1058.9 1022.3 1063.5 1032.4 982.4 987.4 988.2 26

27 Total liabilities 7216.9 7849.1 8434.3 9818.3 9786.4 9950.0 9948.3 9955.8 9883.3 9920.6 10052.9 27

28 Net interbank liabilities 288.5 363.0 502.0 1291.0 672.1 442.5 443.9 423.4 421.7 421.9 257.8 28

29 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 29

30 Borrowing from Federal Reserve banks 0.1 0.1 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 30

31 To domestic banks -22.3 -57.1 -24.9 88.5 27.4 -26.4 -1.5 -29.4 -39.2 -14.2 -92.8 31

32 To foreign banks 309.9 420.3 478.3 644.4 550.2 459.0 446.7 454.1 462.1 437.4 351.3 32

33 Checkable deposits 587.7 551.2 560.2 700.9 781.9 735.4 754.7 750.1 852.2 887.5 971.8 33

34 Federal government 33.9 28.0 42.9 3.5 3.8 4.1 3.2 3.6 3.6 3.6 3.7 34

35 Rest of the world 17.4 26.8 31.7 62.9 34.2 35.3 37.0 32.1 30.4 41.9 41.4 35

36 Private domestic 536.5 496.4 485.5 634.6 743.8 696.0 714.5 714.4 818.1 842.0 926.7 36

37 Small time and savings deposits 3493.1 3770.9 4025.9 4566.2 4949.1 5056.5 5047.9 5128.1 5225.9 5303.9 5469.0 37

38 Large time deposits 838.1 968.0 991.1 1015.6 841.7 789.9 770.5 749.9 691.6 663.0 656.6 38

39 Federal funds and security RPs (net) 626.1 647.5 611.4 352.4 624.0 667.3 603.7 538.6 409.5 393.0 375.2 39

40 Open market paper 3.3 0.0 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 40

41 Corporate bonds 121.7 149.2 174.4 182.4 174.1 417.3 415.0 421.7 434.1 431.3 430.5 41

42 Other loans and advances 268.5 348.5 455.2 526.3 402.0 357.0 327.6 289.0 277.9 256.4 243.6 42

43 Taxes payable (net) 25.8 24.7 11.1 -74.6 -67.5 -73.6 -64.6 -64.8 -60.6 -56.4 -51.2 43

44 Miscellaneous liabilities 964.0 1026.2 1103.1 1258.1 1409.2 1425.2 1513.7 1590.5 1518.2 1510.8 1590.6 44

45 Investment by bank holding companies 897.0 1067.0 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 45

46 Other 67.1 -40.9 -94.7 13.6 -4.4 16.7 82.1 138.1 151.4 152.0 191.0 46

 Memo:

47 Credit market funds advanced (2) 6487.4 7144.1 7666.8 8197.9 8071.7 8311.6 8212.3 8252.6 8270.4 8157.7 8148.1 47

48 Consumer leases not included above (3) 0.0 0.0 11.2 9.5 6.9 7.5 6.4 6.1 6.2 6.1 6.1 48

(1) Included in other loans and advances (table L.216).

(2) Total bank credit (line 3) less security credit (line 18) less corporate equities (line 19) less mutual fund shares (line 20) plus customers’ liability on acceptances (line 21).

(3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.
74 Z.1, September 16, 2011

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

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 818.1 828.2 1048.0 1624.8 1267.5 1305.6 1366.8 1492.2 1335.9 1672.4 1797.3 1

 2 Reserves at Federal Reserve 0.9 0.6 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 671.1 2

 3 Total bank credit 792.1 946.8 1151.4 1126.0 844.2 845.2 843.6 987.3 843.2 851.4 875.4 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 27.8 26.8 30.4 35.5 61.4 63.1 58.7 73.4 66.2 74.8 72.7 5

 6 Agency- and GSE-backed securities 50.9 55.1 57.1 50.5 32.1 31.4 30.4 30.2 27.3 29.6 29.4 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 262.8 292.5 369.5 401.6 244.9 236.6 252.4 362.5 233.9 220.6 227.0 8

 9 Bank loans n.e.c. 294.7 361.8 466.8 531.9 406.5 403.9 387.3 386.7 390.4 405.7 416.7 9

10 Mortgages 20.8 24.9 39.0 44.2 37.8 37.9 36.2 35.3 35.4 33.8 33.0 10

11 Security credit 135.1 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 96.6 11

12 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 12

13 Customers’ liab. on acceptances (2) 0.8 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Miscellaneous assets 24.3 -119.6 -104.9 259.8 139.2 129.0 224.1 189.8 141.9 180.2 250.8 14

15 Total liabilities 834.8 844.6 1067.5 1639.6 1283.7 1321.4 1382.3 1509.6 1353.3 1693.2 1817.8 15

16 Net interbank liabilities -141.7 -213.0 -404.1 -163.7 -322.5 -258.6 -252.1 -306.7 -275.2 -53.8 2.4 16

17 To foreign banks -176.7 -255.3 -424.6 -179.9 -356.2 -306.6 -308.4 -359.8 -316.2 -94.4 -29.7 17

18 To domestic banks 35.0 42.2 20.5 16.2 33.7 48.0 56.3 53.1 41.0 40.6 32.1 18

19 Checkable deposits 9.3 9.3 11.8 13.5 16.1 16.4 16.4 18.5 21.9 20.7 23.2 19

20 Small time and savings deposits 10.0 18.6 25.5 25.6 29.9 30.2 31.6 50.8 35.7 42.6 47.4 20

21 Large time deposits 501.7 634.5 907.9 784.7 958.6 904.7 836.6 886.5 909.0 937.1 945.4 21

22 Federal funds and security RPs (net) 190.9 239.9 226.3 130.0 170.3 195.3 216.1 231.7 223.2 224.4 212.7 22

23 Acceptance liabilities 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities 263.8 154.8 299.6 849.4 431.3 433.4 533.8 628.8 438.7 522.1 586.7 24

25 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 104.9 108.3 110.6 113.1 111.3 115.2 116.5 25

26 Due to affiliates 188.8 197.3 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 26

27 Other -55.1 -177.9 -35.6 501.1 123.2 135.9 272.8 338.6 155.9 218.0 296.8 27

 Memo:

28 Credit market funds advanced (3) 657.8 761.6 963.3 1063.7 782.7 772.8 765.0 888.1 753.1 764.4 778.9 28

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).

(2) Included in other loans and advances (table L.216).

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
Z.1, September 16, 2011 75

L.112 Bank Holding Companies

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1523.8 1760.4 1882.8 2078.7 2876.9 2852.8 2874.8 2972.4 2838.8 2890.5 2894.6 1

 2 Credit market instruments 32.2 36.0 59.1 73.0 75.8 79.1 63.0 108.1 97.9 105.7 105.3 2

 3 Treasury securities 1.1 2.5 7.1 3.1 5.8 5.8 5.0 17.2 19.6 16.1 9.0 3

 4 Agency- and GSE-backed securities 11.2 11.2 9.9 25.8 24.3 22.6 22.1 30.1 21.1 22.2 31.5 4

 5 Corporate and foreign bonds 11.8 16.7 35.9 35.8 31.1 33.6 17.4 42.2 38.3 40.5 40.6 5

 6 Bank loans n.e.c. 8.1 5.6 6.3 8.2 14.6 17.1 18.5 18.6 18.9 26.9 24.2 6

 7 Miscellaneous assets 1491.6 1724.4 1823.6 2005.7 2801.1 2773.8 2811.8 2864.3 2740.9 2784.8 2789.3 7

 8 Investment in bank subsidiaries 897.0 1067.0 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 8

 9 Investment in nonbank subsidiaries 384.0 407.4 344.4 386.4 909.0 907.6 910.6 936.6 893.4 900.2 851.2 9

10 Other 210.6 250.0 281.4 374.8 478.5 457.7 469.6 475.2 480.6 525.8 538.6 10

11 Total liabilities 627.6 764.2 876.7 985.4 1489.8 1469.5 1445.4 1505.8 1436.0 1453.1 1434.8 11

12 Net interbank liabilities -18.5 -34.2 -85.1 -154.6 -100.0 -95.6 -79.7 -72.6 -75.7 -73.0 -35.7 12

13 To domestic banks 8.6 34.2 25.5 -53.0 25.0 37.3 19.2 45.7 60.0 48.9 150.5 13

14 To foreign banks -27.1 -68.4 -110.6 -101.5 -125.1 -132.9 -98.9 -118.3 -135.6 -121.9 -186.2 14

15 Federal funds and security RPs (net) 0.6 0.8 0.8 0.4 -47.7 -51.4 -59.0 -67.3 -49.5 -57.6 -64.7 15

16 Credit market instruments 429.5 503.3 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.4 16

17 Commercial paper 57.1 81.7 116.7 77.7 60.8 74.0 63.7 64.4 64.7 73.6 76.9 17

18 Corporate bonds 372.4 421.5 516.0 638.9 1028.7 996.7 977.3 1027.8 982.2 984.4 934.4 18

19 Miscellaneous liabilities 216.0 294.4 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 19

L.113 Banks in U.S.-Affiliated Areas (1)

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

 1 Total financial assets 109.3 108.1 107.5 105.2 98.8 95.1 90.9 86.6 83.2 82.6 81.5 1

 2 Checkable deposits and currency 3.0 2.9 2.6 3.2 4.2 3.9 5.4 5.3 3.3 4.1 4.4 2

 3 Credit market instruments 101.0 99.3 92.8 90.9 88.1 83.8 72.2 69.3 68.9 67.6 65.0 3

 4 Treasury securities 3.9 3.7 1.8 1.2 0.5 0.9 1.3 1.1 1.1 1.1 1.6 4

 5 Agency- and GSE-backed securities 34.8 29.0 26.3 24.4 20.5 18.4 16.2 13.0 12.8 6.9 6.0 5

 6 Municipal securities 0.5 1.3 2.0 2.5 3.5 3.1 2.0 2.7 2.5 2.8 2.5 6

 7 Corporate and foreign bonds 0.8 0.4 0.5 0.5 2.0 1.4 0.5 0.5 0.6 5.9 5.2 7

 8 Bank loans n.e.c. 25.9 25.6 21.4 19.7 19.4 18.4 15.7 15.9 16.1 16.0 15.8 8

 9 Home mortgages 16.3 17.2 21.5 22.9 22.6 22.3 20.8 20.5 20.1 18.8 18.2 9

10 Commercial mortgages 18.8 22.0 19.3 19.7 19.6 19.3 15.7 15.6 15.7 16.1 15.7 10

11 Miscellaneous assets 5.3 5.9 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 12.1 11

12 Total liabilities 103.4 102.1 94.4 91.0 90.0 86.9 82.1 78.0 75.2 74.7 73.6 12

13 Checkable deposits 13.3 14.0 15.7 14.6 16.1 16.2 16.7 16.9 16.6 17.1 18.1 13

14 Small time and savings deposits 23.9 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 14

15 Large time deposits 23.9 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 15

16 Miscellaneous liabilities 42.2 37.7 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 16

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
76 Z.1, September 16, 2011

L.114 Savings Institutions (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1789.4 1714.8 1815.0 1523.5 1253.7 1262.2 1244.8 1244.3 1244.1 1250.0 1228.1 1

 2 Reserves at Federal Reserve 2.7 2.0 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 2

 3 Checkable deposits and currency 23.7 20.4 20.0 8.7 4.5 0.8 5.2 7.7 2.2 3.6 4.9 3

 4 Time and savings deposits 2.7 6.6 9.9 8.3 15.3 19.1 18.2 17.7 15.3 21.1 19.1 4

 5 Federal funds and security RPs 9.0 18.3 45.6 34.7 12.0 9.5 7.8 7.0 5.4 4.5 5.5 5

 6 Credit market instruments 1617.1 1533.2 1596.1 1320.0 1070.4 1073.0 1061.7 1067.2 1081.0 1064.8 1049.3 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 12.3 12.5 7.0 3.0 6.8 7.1 6.7 6.0 5.9 6.0 5.6 8

 9 Agency- and GSE-backed securities 192.3 177.0 177.4 173.8 193.4 202.6 199.8 203.8 216.4 219.9 219.6 9

10 Residential mortgage pass-through securities 116.0 98.4 104.2 106.1 93.2 95.0 95.5 98.0 105.7 101.0 98.3 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 11

12 Residential CMOs and other structured MBS 30.7 32.8 31.3 36.9 47.0 50.9 47.2 52.1 59.2 64.5 69.2 12

13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 13

14 Other 45.5 45.9 41.8 30.8 53.2 56.7 56.9 53.6 51.5 54.2 51.2 14

15 Municipal securities 9.0 11.2 11.0 7.8 9.2 9.6 10.1 10.2 11.1 10.9 11.1 15

16 Corporate and foreign bonds 80.2 92.7 142.2 108.5 84.5 81.1 80.9 76.1 73.9 70.9 68.9 16

17 Priv. residential mortgage pass-through securities 7.7 11.0 6.5 5.2 2.5 2.6 2.5 2.2 2.1 1.9 1.7 17

18 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 18

19 Priv. residential CMOs and other structured MBS 58.6 65.8 105.2 63.4 32.4 30.1 29.8 27.4 26.3 24.9 24.0 19

20 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 20

21 Other 13.9 16.0 30.4 39.9 49.4 48.2 48.4 46.2 45.3 43.9 43.2 21

22 Other loans and advances 61.5 67.5 73.7 80.1 65.6 65.3 64.4 71.1 72.0 72.2 65.8 22

23 Mortgages 1152.7 1076.8 1094.0 860.6 633.3 629.3 619.3 617.8 614.8 600.2 590.8 23

24 Consumer credit 109.1 95.5 90.8 86.3 77.5 78.0 80.6 82.1 86.8 84.7 87.4 24

25 Corporate equities 26.2 24.9 25.3 22.7 22.2 21.8 21.7 19.5 19.7 21.9 21.8 25

26 Miscellaneous assets 107.9 109.3 115.5 90.0 83.8 82.7 80.4 78.9 75.8 77.6 76.7 26

27 Total liabilities 1619.2 1535.8 1649.2 1395.7 1124.4 1126.7 1107.0 1105.9 1105.4 1109.0 1086.1 27

28 Deposits 1066.8 1091.4 1104.6 948.6 895.3 905.6 899.3 901.5 909.2 927.9 912.5 28

29 Checkable 85.0 85.9 79.4 76.6 89.7 90.1 89.2 88.4 88.9 90.5 88.5 29

30 Small time and savings 618.5 647.5 638.1 578.5 667.9 674.8 665.9 661.9 662.7 676.2 661.1 30

31 Large time 363.3 358.0 387.1 293.5 137.7 140.7 144.2 151.3 157.6 161.2 162.9 31

32 Security RPs 61.0 41.8 17.6 17.6 53.6 53.9 50.2 49.2 47.6 38.2 37.0 32

33 Credit market instruments 427.3 319.1 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 33

34 Corporate bonds 8.7 10.7 10.4 2.4 2.3 3.2 3.0 2.8 2.7 2.2 2.2 34

35 Bank loans n.e.c. 93.1 48.6 62.0 75.0 11.0 11.3 8.8 10.9 9.8 11.2 11.5 35

36 Other loans and advances 325.5 259.8 350.9 278.7 139.1 128.8 124.4 120.2 114.9 107.6 102.5 36

37 Taxes payable 3.6 3.3 1.3 1.0 1.3 1.6 1.1 1.0 1.0 1.5 0.9 37

38 Miscellaneous liabilities 60.5 80.2 102.4 72.3 21.8 22.4 20.3 20.5 20.2 20.5 19.6 38

39 Investment by parent 22.7 10.7 10.9 13.4 24.0 24.0 23.7 24.3 23.0 23.2 22.6 39

40 Other 37.8 69.5 91.5 58.9 -2.2 -1.6 -3.4 -3.8 -2.8 -2.8 -3.1 40

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
Z.1, September 16, 2011 77

L.115 Credit Unions

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 685.7 716.2 758.7 812.4 882.7 895.7 901.9 905.7 912.0 937.0 940.2 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 2

 3 Checkable deposits and currency 38.1 44.4 43.3 37.6 39.1 37.2 39.9 36.8 32.8 28.2 29.8 3

 4 Time and savings deposits 21.9 17.0 17.0 28.3 37.8 41.0 42.6 43.1 43.2 44.1 42.0 4

 5 Federal funds and security RPs (net) 6.7 5.1 2.5 -2.3 0.1 0.1 0.1 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 592.6 622.7 657.9 697.9 731.0 737.3 750.2 741.1 744.3 753.9 760.3 6

 7 Open market paper 0.8 1.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 7.7 7.4 10.4 8.8 14.2 15.9 17.2 10.8 18.4 20.1 18.0 8

 9 Agency- and GSE-backed securities 86.4 72.5 68.4 82.9 110.8 123.5 133.6 136.3 145.6 160.6 164.2 9

10 Corporate and foreign bonds 23.5 30.6 34.6 25.7 18.6 18.5 18.4 11.5 0.0 0.0 0.0 10

11 Other loans and advances 25.9 26.8 26.9 29.6 32.3 31.3 32.5 33.2 33.1 31.5 33.0 11

12 Home mortgages 219.7 249.7 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.3 12

13 Consumer credit 228.6 234.5 235.7 236.2 237.2 228.0 225.8 224.9 226.5 218.1 220.9 13

14 Mutual fund shares 2.2 2.1 2.1 2.0 1.3 1.6 1.6 1.6 1.5 1.7 1.8 14

15 Miscellaneous assets 24.2 24.9 35.9 44.2 50.6 43.5 40.8 47.9 53.4 54.5 56.2 15

16 Total liabilities 622.7 648.7 688.2 742.7 815.3 827.2 832.0 834.8 840.9 864.6 865.1 16

17 Shares/deposits 596.1 620.6 652.3 697.4 769.4 790.4 795.0 797.2 803.8 829.3 830.3 17

18 Checkable 81.1 72.6 73.7 75.3 86.9 88.5 88.2 88.5 92.4 98.7 96.3 18

19 Small time and savings 452.5 483.0 508.7 551.7 655.1 673.7 678.4 679.3 681.3 699.4 702.6 19

20 Large time 62.5 65.0 69.9 70.4 27.3 28.2 28.4 29.4 30.1 31.2 31.4 20

21 Other loans and advances 14.7 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 21

22 Miscellaneous liabilities 11.9 9.2 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.0 22

L.116 Property-Casualty Insurance Companies

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

 1 Total financial assets 1246.3 1335.8 1385.8 1305.5 1384.5 1385.5 1368.7 1394.3 1404.4 1414.2 1413.2 1

 2 Checkable deposits and currency 21.0 29.9 42.7 27.9 27.6 28.3 37.1 39.3 32.6 33.8 35.6 2

 3 Money market fund shares 12.8 13.5 20.7 32.8 29.6 25.3 24.6 27.9 25.6 27.7 26.1 3

 4 Security RPs 2.7 1.9 3.6 4.4 4.5 8.3 6.1 5.9 3.8 3.5 2.3 4

 5 Credit market instruments 819.3 864.1 869.3 853.4 886.7 886.8 887.2 892.2 890.6 895.7 890.8 5

 6 Open market paper 15.8 16.4 13.3 19.1 9.8 11.1 10.4 11.8 7.9 8.5 8.0 6

 7 Treasury securities 106.9 110.0 71.3 65.6 88.5 87.1 87.7 90.4 91.7 93.3 92.0 7

 8 Agency- and GSE-backed securities 117.9 122.0 125.8 114.3 116.2 116.1 116.0 115.9 115.8 116.2 115.7 8

 9 Municipal securities 313.2 335.2 371.3 381.9 369.4 364.0 358.7 353.5 348.4 349.7 348.2 9

10 Corporate and foreign bonds 262.8 277.0 282.9 267.5 298.3 304.2 310.2 316.4 322.6 323.8 322.5 10

11 Commercial mortgages 2.7 3.5 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 11

12 Corporate equities 199.5 227.0 236.2 193.3 219.8 216.7 193.4 204.8 219.2 222.7 220.2 12

13 Mutual fund shares 5.7 6.9 6.8 4.4 5.3 5.4 5.0 5.4 5.7 5.8 5.8 13

14 Trade receivables 82.1 87.0 85.4 86.7 83.0 84.8 86.7 87.1 83.8 84.4 88.2 14

15 Miscellaneous assets 103.3 105.5 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 144.1 15

16 Total liabilities 759.0 826.3 818.6 792.3 817.4 819.0 821.5 829.4 836.0 838.4 845.5 16

17 Security RPs 1.3 1.2 0.5 2.4 0.6 0.5 0.6 0.5 1.5 0.6 0.6 17

18 Taxes payable (net) -1.6 9.4 7.0 -21.1 -15.8 -12.6 -19.1 -15.7 -10.1 -7.9 -13.1 18

19 Miscellaneous liabilities 759.3 815.7 811.1 811.0 832.6 831.2 839.9 844.6 844.6 845.8 858.0 19
78 Z.1, September 16, 2011

L.117 Life Insurance Companies

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 4350.7 4685.3 4949.7 4515.5 4823.9 4914.0 4872.1 5048.1 5176.3 5276.4 5320.2 1

 2 Checkable deposits and currency 47.7 56.1 58.3 82.8 50.7 47.7 57.8 59.5 51.7 47.3 48.7 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 29.8 26.5 23.6 21.0 23.8 26.0 3

 4 Security RPs 2.6 2.6 2.7 8.0 10.2 11.3 11.0 11.0 10.9 10.5 10.1 4

 5 Credit market instruments 2753.9 2786.4 2871.2 2882.8 3022.6 3042.6 3083.7 3134.3 3174.2 3210.8 3234.0 5

 6 Open market paper 24.4 28.7 41.7 38.3 49.8 35.7 39.3 46.0 40.9 33.5 24.6 6

 7 Treasury securities 95.4 87.9 70.6 105.7 133.5 138.6 144.2 150.2 156.6 155.5 158.1 7

 8 Agency- and GSE-backed securities 368.5 377.4 382.9 366.2 371.9 372.8 373.8 374.8 376.0 386.1 389.7 8

 9 Municipal securities 32.5 36.6 41.4 47.1 73.1 81.3 90.5 100.8 112.3 115.1 116.1 9

10 Corporate and foreign bonds 1824.8 1819.5 1862.6 1817.0 1914.7 1949.9 1975.3 2001.3 2030.2 2062.5 2083.1 10

11 Other loans and advances 122.8 132.6 145.8 166.1 153.5 142.9 142.7 143.0 140.7 139.8 139.4 11

12 Mortgages 285.5 303.8 326.2 342.4 326.1 321.4 317.9 318.2 317.5 318.4 323.1 12

13 Corporate equities 1161.8 1364.8 1464.6 1001.7 1208.5 1275.8 1169.4 1286.6 1402.6 1494.6 1490.5 13

14 Mutual fund shares 109.0 148.8 188.4 121.0 140.8 144.8 134.3 144.1 155.7 158.7 158.5 14

15 Miscellaneous assets 262.1 303.3 342.9 380.1 357.6 361.9 389.4 389.0 360.3 330.8 352.3 15

16 Total liabilities 4088.4 4412.0 4661.7 4266.5 4532.5 4611.0 4567.5 4723.5 4850.8 4957.6 4985.0 16

17 Security RPs 20.9 21.2 20.2 12.9 12.4 9.2 9.8 11.0 10.3 9.5 10.0 17

18 Other loans and advances 11.5 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 18

19 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 19

20 Pension fund reserves (1) 2197.4 2332.4 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2566.0 2587.2 20

21 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -30.0 -30.6 -27.7 -28.8 -27.9 -29.1 21

22 Miscellaneous liabilities 824.0 925.9 1010.6 905.0 985.6 1012.6 1049.3 1074.7 1089.8 1115.1 1108.4 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).

L.118 Private Pension Funds (1)

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

 1 Total financial assets 5388.6 6082.8 6410.6 4552.7 5471.0 5708.6 5315.9 5728.5 6111.8 6341.1 6346.3 1

 2 Checkable deposits and currency 10.8 11.2 11.8 12.3 16.4 18.9 21.9 24.6 28.0 31.3 34.6 2

 3 Time and savings deposits 62.2 63.1 67.7 67.9 72.7 73.7 74.9 75.7 77.1 78.0 79.0 3

 4 Money market fund shares 86.7 90.1 93.5 95.7 96.4 96.4 96.4 96.3 96.3 96.2 96.2 4

 5 Security RPs 21.6 22.4 25.8 33.1 36.2 36.3 31.3 36.8 37.1 37.3 38.0 5

 6 Credit market instruments 699.9 758.3 860.8 951.4 1063.0 1090.0 1114.3 1138.7 1171.0 1191.1 1212.8 6

 7 Open market paper 31.5 31.7 26.9 37.2 26.7 21.7 18.2 17.1 15.0 14.8 14.5 7

 8 Treasury securities 116.5 130.8 169.5 184.9 310.7 341.6 407.4 466.9 486.7 500.0 519.8 8

 9 Agency- and GSE-backed securities 252.0 268.6 296.8 318.1 269.1 259.6 210.9 170.2 170.9 165.3 159.9 9

10 Corporate and foreign bonds 290.0 317.6 357.4 400.1 442.9 452.5 462.1 469.2 483.5 496.3 504.1 10

11 Mortgages 9.8 9.5 10.2 11.1 13.6 14.6 15.7 15.2 15.0 14.7 14.5 11

12 Corporate equities 2441.7 2724.8 2673.3 1599.7 1835.7 1918.2 1673.9 1832.6 2012.3 2100.0 2063.3 12

13 Mutual fund shares 1585.4 1880.4 2110.6 1366.0 1817.3 1929.6 1786.0 1982.2 2126.6 2236.5 2254.9 13

14 Miscellaneous assets 480.2 532.5 567.1 426.5 533.3 545.5 517.2 541.5 563.5 570.8 567.4 14

15 Unallocated insurance contracts (2) 338.4 387.9 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.3 470.3 15

16 Contributions receivable 44.8 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 16

17 Other 97.0 101.8 88.6 61.0 70.0 65.7 59.6 58.4 56.8 50.4 48.1 17

18 Pension fund reserves (liabilities) (3) 5427.8 6120.5 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6148.3 6377.6 6382.8 18

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).

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

(3) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.
Z.1, September 16, 2011 79

L.119 State and Local Government Employee Retirement Funds

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2721.4 3089.8 3198.8 2324.5 2673.7 2771.7 2554.4 2726.8 2931.5 3034.2 3009.5 1

 2 Checkable deposits and currency 15.8 13.1 17.9 17.8 17.7 17.8 17.5 17.2 17.3 18.1 18.1 2

 3 Time and savings deposits 1.3 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 3

 4 Money market fund shares 11.7 13.8 12.4 14.3 14.3 14.4 14.2 13.9 13.9 14.7 14.6 4

 5 Security RPs 19.7 24.1 21.7 23.5 23.5 23.6 23.2 22.8 22.8 24.0 24.0 5

 6 Credit market instruments 693.4 808.0 820.3 833.5 824.7 823.7 819.3 815.8 816.5 825.0 817.3 6

 7 Open market paper 35.2 42.8 38.4 25.9 24.0 24.1 22.7 22.3 22.4 23.5 23.5 7

 8 Treasury securities 153.8 156.2 141.6 146.4 174.5 179.1 182.0 185.5 185.6 187.9 186.0 8

 9 Agency- and GSE-backed securities 258.4 307.8 331.1 337.5 306.9 301.0 292.3 285.1 285.2 288.7 285.8 9

10 Municipal securities 1.7 3.3 2.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.5 10

11 Corporate and foreign bonds 227.9 283.4 297.0 312.9 308.6 308.7 311.5 311.9 312.4 314.1 311.3 11

12 Mortgages 16.4 14.4 9.7 9.4 9.3 9.4 9.3 9.4 9.4 9.2 9.2 12

13 Corporate equities 1715.8 1926.1 2013.7 1237.9 1549.8 1636.0 1450.8 1604.6 1782.5 1861.9 1847.2 13

14 Mutual fund shares 248.4 287.5 296.4 181.1 226.7 239.3 212.2 234.8 260.8 272.4 270.2 14

15 Miscellaneous assets 15.4 16.3 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 15

16 Pension fund reserves (liabilities) (1) 2763.4 3156.6 3297.9 2414.7 2759.8 2856.7 2641.4 2815.4 3024.0 3131.3 3112.7 16

(1) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.

L.120 Federal Government Retirement Funds (1)

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

 1 Total financial assets 1071.5 1141.1 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1

 2 Credit market instruments 76.0 84.3 96.1 120.3 127.7 129.4 133.6 138.3 138.7 142.2 146.1 2

 3 Treasury securities 68.4 76.7 88.0 112.3 119.1 120.6 124.5 128.2 129.2 132.9 136.3 3

 4 Agency- and GSE-backed securities 4.6 4.7 5.0 5.1 5.6 5.8 6.0 6.6 6.3 6.2 6.5 4

 5 Corporate and foreign bonds 2.9 2.9 3.0 2.9 3.0 3.0 3.1 3.5 3.2 3.1 3.2 5

 6 Corporate equities 112.6 138.1 149.1 85.6 119.4 127.8 112.6 125.7 143.7 152.1 152.9 6

 7 Miscellaneous assets (2) 882.9 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 7

 8 Pension fund reserves (liabilities) (3) 1071.5 1141.1 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
80 Z.1, September 16, 2011

L.121 Money Market Mutual Funds (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2006.9 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 1

 2 Foreign deposits 94.7 84.1 127.3 129.3 97.1 92.5 92.5 103.9 105.9 107.5 112.2 2

 3 Checkable deposits and currency -0.9 6.7 1.9 7.5 17.9 5.3 7.7 15.3 14.2 14.0 20.7 3

 4 Time and savings deposits 183.0 206.7 270.6 355.2 573.2 510.8 436.2 470.0 468.0 469.9 462.3 4

 5 Security RPs 346.0 394.6 605.9 542.4 479.9 438.9 462.6 492.9 479.4 439.2 457.6 5

 6 Credit market instruments 1340.8 1560.8 1936.4 2675.0 2031.0 1828.5 1703.3 1603.1 1621.0 1583.7 1521.0 6

 7 Open market paper 492.2 608.3 674.6 618.5 510.5 445.6 382.9 386.4 394.2 398.1 361.1 7

 8 Treasury securities 88.6 82.7 178.1 577.7 406.4 371.5 348.9 310.3 335.4 337.7 341.5 8

 9 Agency- and GSE-backed securities 160.1 131.4 235.9 756.2 543.0 465.5 450.4 415.3 402.8 373.4 359.4 9

10 Municipal securities 336.8 370.3 471.0 494.6 401.3 370.0 352.0 331.6 334.4 320.7 305.8 10

11 Corporate and foreign bonds 263.2 368.3 376.8 228.0 169.9 176.0 169.1 159.5 154.2 153.7 153.2 11

12 Miscellaneous assets 43.3 59.2 90.9 47.9 59.1 54.8 58.1 60.9 66.9 65.2 64.0 12

13 Total shares outstanding (liabilities) 2006.9 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.122 Mutual Funds (1)

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

 1 Total financial assets 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 1

 2 Security RPs 115.4 132.8 132.2 124.7 153.3 150.1 127.6 134.9 137.5 218.5 219.5 2

 3 Credit market instruments 1747.1 1932.0 2203.1 2276.4 2657.2 2784.9 2834.3 2971.1 3031.4 3160.9 3266.9 3

 4 Open market paper 97.1 114.5 114.1 51.6 80.2 77.4 55.9 63.3 66.3 144.0 144.9 4

 5 Treasury securities 155.7 160.7 179.2 187.9 255.5 269.9 278.3 294.3 297.4 298.2 306.8 5

 6 Agency- and GSE-backed securities 483.4 499.1 565.4 592.7 639.1 684.3 710.7 760.8 791.1 793.4 820.6 6

 7 Municipal securities 311.7 344.4 372.2 389.6 480.2 501.5 514.2 532.8 526.6 515.1 520.0 7

 8 Corporate and foreign bonds 662.7 767.0 889.9 959.9 1106.1 1166.8 1190.1 1234.5 1275.4 1323.5 1377.3 8

 9 Other loans and advances 36.5 46.3 82.4 94.8 96.1 85.0 85.2 85.4 74.6 86.7 97.2 9

10 Corporate equities 4175.7 4989.6 5476.9 3014.1 4136.2 4351.8 3799.5 4299.9 4762.7 5087.0 5014.3 10

11 Miscellaneous assets 10.7 14.0 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 5.5 11

12 Total shares outstanding (liabilities) 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 270.8 293.3 315.8 201.2 224.9 229.0 219.9 232.2 238.2 244.0 243.6 1

 2 Credit market instruments 165.8 171.8 170.9 129.9 139.2 141.7 139.7 142.0 143.5 145.5 144.9 2

 3 Treasury securities 7.1 7.4 5.6 3.2 4.3 5.0 4.8 5.0 5.1 5.2 5.2 3

 4 Municipal securities 89.4 89.4 91.3 77.9 80.9 81.1 81.3 81.7 80.3 79.6 79.6 4

 5 Corporate and foreign bonds 69.3 75.1 74.0 48.7 54.0 55.6 53.6 55.3 58.1 60.7 60.1 5

 6 Corporate equities 105.0 121.5 144.9 71.3 85.7 87.3 80.2 90.2 94.8 98.5 98.7 6

 7 Total shares outstanding (liabilities) 270.8 293.3 315.8 201.2 224.9 229.0 219.9 232.2 238.2 244.0 243.6 7

 Exchange-traded funds

 8 Total financial assets 300.8 422.8 607.7 530.9 772.9 800.5 767.1 874.9 986.5 1048.9 1070.2 8

 9 Credit market instruments 15.0 20.7 34.0 57.0 102.9 113.2 124.6 133.4 132.6 140.0 150.9 9

10 Treasury securities 9.7 13.1 19.7 27.0 41.7 46.3 51.9 51.7 51.0 52.8 56.7 10

11 Municipal securities 0.0 0.0 0.6 2.3 5.9 6.5 7.3 7.8 7.6 7.5 7.7 11

12 Corporate and foreign bonds 5.3 7.6 13.8 27.7 55.3 60.4 65.5 73.9 74.0 79.8 86.5 12

13 Corporate equities 285.8 402.0 573.7 473.9 669.9 687.2 642.5 741.5 853.9 908.9 919.3 13

14 Total shares outstanding (liabilities) 300.8 422.8 607.7 530.9 772.9 800.5 767.1 874.9 986.5 1048.9 1070.2 14
Z.1, September 16, 2011 81

L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2819.4 2872.9 3174.3 3407.9 3047.3 7003.5 6900.8 6764.6 6721.1 6667.5 6547.4 1

 2 Checkable deposits and currency 14.6 16.4 13.7 88.3 99.4 99.0 99.1 47.3 63.4 70.4 62.3 2

 3 Time and savings deposits 35.3 33.9 46.6 68.5 25.7 21.2 23.7 22.1 26.1 23.7 23.1 3

 4 Federal funds and security RPs (net) 107.7 117.4 142.7 114.5 122.1 176.4 163.8 163.8 150.0 156.3 115.1 4

 5 Credit market instruments 2543.9 2590.5 2829.5 3037.5 2699.7 6577.4 6494.1 6385.1 6333.1 6308.3 6237.8 5

 6 Open market paper 13.8 32.4 27.7 6.8 9.7 8.6 10.4 8.6 9.9 9.5 9.2 6

 7 Treasury securities 13.1 14.2 15.5 16.8 21.9 60.1 72.2 69.5 55.2 58.5 63.3 7

 8 Agency- and GSE-backed securities 751.1 714.0 702.9 910.0 924.5 417.0 387.7 375.1 377.0 373.9 368.2 8

 9 Municipal securities 39.7 36.1 33.3 31.3 29.1 28.0 27.2 26.2 24.9 23.8 22.9 9

10 Corporate and foreign bonds 465.7 481.7 464.4 386.6 310.8 324.8 313.0 308.3 293.9 284.7 270.0 10

11 Other loans and advances 671.8 704.9 942.6 980.7 695.9 634.5 599.1 561.6 551.3 504.8 487.4 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 51.6 63.5 75.5 80.3 80.0 77.7 76.5 81.9 87.3 71.5 72.3 13

14 FHLB 620.2 641.4 867.1 900.5 615.9 556.8 522.6 479.7 464.0 433.2 415.1 14

15 Mortgages 588.8 607.2 643.1 705.3 707.7 5104.4 5084.4 5035.8 5021.0 5053.1 5016.7 15

16 Home 453.9 457.6 447.9 456.6 445.4 4795.6 4774.8 4722.8 4701.5 4734.4 4699.8 16

17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4386.4 4238.7 4177.2 4141.0 4170.5 4146.4 17

18 Other 453.9 457.6 447.9 456.6 445.4 409.2 536.1 545.6 560.5 563.9 553.4 18

19 Multifamily residential 93.0 105.4 147.7 190.2 204.4 249.7 249.2 251.3 256.5 256.1 254.6 19

20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 58.9 60.0 63.0 75.4 81.4 87.3 20

21 Other 93.0 105.4 147.7 190.2 204.4 190.8 189.2 188.3 181.1 174.7 167.3 21

22 Farm 42.0 44.2 47.6 58.5 57.9 59.1 60.4 61.6 63.0 62.7 62.2 22

23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 117.8 114.7 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 24

25 Total liabilities 2734.0 2781.2 3081.3 3390.2 2977.0 6875.6 6762.9 6635.4 6589.1 6577.8 6455.0 25

26 Credit market instruments 2592.2 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 26

27 GSE issues (4) 2592.2 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 27

28 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4445.3 4298.7 4240.3 4216.4 4251.8 4233.7 28

29 Other 2592.2 2627.8 2910.2 3181.9 2706.6 2207.9 2292.4 2257.8 2218.1 2185.5 2083.6 29

30 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Miscellaneous liabilities 141.8 153.4 171.1 208.2 270.4 222.3 171.8 137.3 154.6 140.5 137.7 31

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.125) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-Backed Mortgage Pools (1)

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

 1 Total financial assets 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1

 2 Home mortgages 3446.4 3749.1 4371.8 4864.0 5266.5 920.7 982.5 1028.5 1068.8 1112.5 1155.7 2

 3 Multifamily residential mortgages 101.3 88.8 88.1 92.8 105.7 56.1 60.1 63.7 66.9 71.3 77.1 3

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

 5 Farm mortgages 0.8 3.2 4.5 4.7 4.5 3.3 3.8 3.8 3.8 3.2 3.2 5

 6 Total pool securities (liabilities)(2) 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.124). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
82 Z.1, September 16, 2011

L.126 Issuers of Asset-Backed Securities (ABS)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3387.8 4195.9 4540.7 4133.1 3366.1 2722.6 2587.4 2468.1 2341.5 2243.5 2163.2 1

 2 Treasury securities 27.7 56.4 85.8 72.2 53.9 49.7 46.2 42.6 40.1 35.9 32.6 2

 3 Agency- and GSE-backed securities (1) 329.9 354.6 382.1 354.0 126.4 91.2 54.4 29.9 18.8 14.2 10.4 3

 4 Other loans and advances 188.3 253.4 341.9 379.8 328.7 259.0 245.6 236.0 201.0 177.5 160.1 4

 5 Mortgages (2) 2132.2 2762.1 2935.6 2585.2 2218.0 2116.9 2042.4 1968.9 1898.1 1839.9 1790.0 5

 6 Home 1625.6 2142.9 2178.0 1867.3 1547.2 1457.0 1395.9 1337.0 1276.1 1222.0 1173.5 6

 7 Multifamily residential 89.4 103.4 124.0 113.2 107.4 106.5 104.8 102.7 98.7 97.9 96.3 7

 8 Commercial 417.1 515.8 633.6 604.7 563.3 553.5 541.8 529.2 523.3 520.0 520.2 8

 9 Consumer credit 609.9 661.1 683.7 646.4 577.9 150.7 144.8 136.6 131.7 122.4 118.9 9

10 Trade credit 99.8 108.3 111.7 95.5 61.3 55.1 54.1 54.2 51.8 53.6 51.1 10

11 Total liabilities 3391.9 4199.5 4543.8 4135.8 3368.5 2724.9 2589.6 2470.2 2343.5 2245.4 2165.0 11

12 Commercial paper 674.4 837.4 643.1 559.3 293.1 126.4 112.2 119.4 120.2 128.3 116.2 12

13 Corporate bonds (net) (3) 2717.5 3362.1 3900.7 3576.6 3075.4 2598.4 2477.4 2350.7 2223.3 2117.1 2048.9 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 4.2 3.6 3.1 2.7 2.3 2.3 2.2 2.1 2.0 2.0 1.9 14

15 REIT assets (5) 107.3 110.0 92.1 45.4 20.1 23.5 22.5 21.9 15.5 13.6 13.3 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

(4) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.

(5) Included in table L.128.

(6) Included in table L.110 line 36.

L.127 Finance Companies (1)

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

 1 Total financial assets 1856.9 1891.3 1911.2 1851.7 1662.5 1665.8 1642.9 1613.4 1590.0 1581.1 1555.4 1

 2 Checkable deposits and currency 17.4 15.8 16.2 16.5 17.0 15.9 16.1 15.5 15.3 15.7 15.8 2

 3 Time and savings deposits 52.2 47.4 48.6 49.4 51.0 47.6 48.4 46.6 45.9 47.2 47.5 3

 4 Credit market instruments 1740.6 1811.6 1828.2 1755.9 1532.6 1556.9 1526.1 1504.8 1482.8 1464.6 1434.5 4

 5 Corporate and foreign bonds 203.5 184.8 189.4 192.4 198.6 185.6 188.7 181.6 179.0 184.1 185.1 5

 6 Other loans and advances 479.2 498.0 523.0 539.9 448.9 447.5 439.2 445.7 441.0 439.7 429.1 6

 7 Mortgages 541.4 594.4 531.9 447.9 397.4 386.9 371.1 361.2 344.2 331.0 319.5 7

 8 Consumer credit 516.5 534.4 584.1 575.8 487.8 536.9 527.2 516.3 518.6 509.8 500.8 8

 9 Miscellaneous assets 46.7 16.4 18.2 30.0 61.9 45.3 52.2 46.5 46.0 53.5 57.6 9

10 Total liabilities 1828.3 1876.8 1949.6 1880.5 1630.3 1631.7 1599.0 1558.0 1536.7 1512.4 1486.7 10

11 Credit market instruments 1108.6 1144.2 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.2 11

12 Open market paper 160.0 165.3 123.5 100.9 62.1 64.0 63.1 56.8 63.8 65.4 61.0 12

13 Corporate bonds 806.5 849.7 974.1 924.5 837.5 858.2 834.6 823.0 818.7 796.0 781.0 13

14 Bank loans n.e.c. 142.1 129.2 182.0 174.9 144.5 125.9 120.0 95.0 79.6 88.2 75.2 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 16.9 17.0 15.5 15.4 12.7 12.6 12.6 12.8 12.9 12.8 12.8 16

17 Miscellaneous liabilities 702.8 715.7 654.4 664.8 573.6 571.0 568.7 570.4 561.7 550.0 556.7 17

18 Foreign direct investment in U.S. 38.8 51.1 68.6 78.1 75.0 75.3 75.7 77.3 83.6 84.7 87.7 18

19 Investment by parent 312.2 338.5 321.4 313.0 280.5 277.3 273.5 272.5 264.6 257.5 268.0 19

20 Other 351.8 326.0 264.4 273.7 218.1 218.3 219.4 220.6 213.5 207.7 201.0 20

 Memo:

21 Consumer leases not included above (2) 85.3 106.0 122.9 111.1 85.4 80.7 77.2 74.8 72.7 73.3 73.8 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
Z.1, September 16, 2011 83

L.128 Real Estate Investment Trusts (REITs)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 305.8 344.5 318.5 250.6 241.2 246.9 258.4 276.1 283.0 340.6 385.1 1

 2 Checkable deposits and currency 13.6 18.4 16.6 18.4 26.3 25.2 26.0 24.6 23.5 28.5 25.4 2

 3 Credit market instruments 240.3 266.4 246.5 177.6 168.9 173.1 177.8 192.7 206.0 255.2 299.2 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.1 109.1 114.7 128.7 143.3 190.6 216.8 4

 5 Corporate and foreign bonds 53.0 64.6 34.4 11.7 15.5 17.5 18.1 20.1 20.8 23.4 25.1 5

 6 Mortgages 146.7 136.3 123.1 76.3 48.3 46.4 45.0 43.9 41.9 41.2 57.3 6

 7 Home 127.9 104.2 80.7 34.3 12.6 11.0 8.9 8.7 8.9 9.0 22.6 7

 8 Multifamily residential 1.9 5.0 5.2 4.3 2.3 2.1 2.1 2.0 1.9 1.8 1.8 8

 9 Commercial 16.8 27.1 37.3 37.7 33.4 33.3 34.0 33.2 31.2 30.5 33.0 9

10 Miscellaneous assets 51.9 59.7 55.4 54.6 46.1 48.6 54.5 58.8 53.5 56.9 60.6 10

11 Total liabilities 534.2 571.8 580.5 511.6 458.8 472.4 479.6 494.9 501.7 551.0 598.9 11

12 Security RPs 83.5 97.9 91.7 79.4 90.4 88.9 94.4 102.0 120.5 160.9 187.1 12

13 Credit market instruments 395.5 411.0 421.2 367.4 317.4 318.5 316.4 325.3 321.9 328.3 347.3 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 216.7 230.6 231.3 171.0 129.8 132.9 131.8 139.1 129.7 132.3 147.2 15

16 Bank loans n.e.c. 33.3 28.4 33.2 32.8 20.7 18.5 17.0 17.9 18.5 19.3 18.9 16

17 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 176.6 181.2 17

18 Miscellaneous liabilities 55.3 63.0 67.6 64.9 51.1 65.0 68.9 67.6 59.3 61.8 64.6 18

 Memo:

19 Securitized assets included above 107.3 110.0 92.1 45.4 20.1 23.5 22.5 21.9 15.5 13.6 13.3 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.4 7.4 7.2 7.2 7.3 7.4 21

22 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 22

23 Commercial mortgages 4.7 17.0 19.3 13.2 13.7 15.7 14.7 14.3 8.0 5.9 5.5 23
84 Z.1, September 16, 2011

L.129 Security Brokers and Dealers

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2127.1 2741.7 3092.0 2217.2 2084.2 2092.0 1977.9 2025.7 2075.1 2101.8 2126.8 1

 2 Checkable deposits and currency 56.5 80.5 105.0 120.1 90.7 90.2 86.1 89.5 96.9 92.1 108.4 2

 3 Credit market instruments 477.2 583.4 803.1 717.4 525.3 544.9 529.1 539.7 557.5 556.8 552.9 3

 4 Open market paper 60.2 64.3 87.1 65.7 41.5 38.5 33.1 34.2 36.2 39.6 42.2 4

 5 Treasury securities -64.6 -67.0 -60.0 190.6 123.0 123.6 87.1 73.8 94.5 78.6 62.5 5

 6 Agency- and GSE-backed securities 101.0 138.0 290.2 242.6 110.9 127.5 161.9 173.5 149.8 153.2 174.7 6

 7 Municipal securities 42.9 50.9 50.1 38.7 35.4 40.3 35.0 39.2 40.0 37.0 40.6 7

 8 Corporate and foreign bonds 315.7 355.5 382.8 123.8 171.3 154.8 154.6 164.3 189.5 202.5 188.3 8

 9 Other loans and advances 22.0 41.7 52.8 55.9 43.2 60.1 57.4 54.8 47.4 45.9 44.6 9

10 Corporate equities 158.3 186.4 224.8 109.2 124.2 112.4 98.4 100.6 117.2 131.7 130.5 10

11 Security credit 232.4 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 11

12 Miscellaneous assets 1202.6 1599.4 1633.7 1105.7 1141.0 1148.1 1047.3 1062.2 1025.3 1005.5 1022.2 12

13 Total liabilities 2052.6 2669.1 3019.4 2158.1 1987.8 1989.7 1875.1 1935.8 1990.2 2014.1 2043.0 13

14 Security RPs (net) 733.6 1071.8 1147.3 586.9 470.9 440.0 340.9 361.1 404.7 427.1 381.0 14

15 Credit market instruments 62.4 68.8 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 15

16 Corporate bonds 62.4 68.8 64.8 97.1 92.9 92.3 100.9 96.1 129.7 128.2 110.1 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 43.1 48.3 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.2 18

19 Security credit 806.0 957.8 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1017.4 19

20 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 20

21 From U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 21

22 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 96.6 22

23 Taxes payable 2.1 2.8 2.2 2.5 5.7 4.4 4.4 6.4 3.6 4.2 4.3 23

24 Miscellaneous liabilities 405.5 519.5 558.4 441.4 460.1 478.5 447.8 477.1 497.5 493.7 511.0 24

25 Foreign direct investment in U.S. 49.9 61.0 62.6 72.1 74.5 75.7 76.9 87.7 103.0 104.7 109.2 25

26 Due to affiliates 544.5 596.5 560.4 626.1 1158.5 1181.5 1175.8 1214.2 1142.8 1163.6 1126.6 26

27 Other -188.9 -137.9 -64.6 -256.8 -773.0 -778.6 -804.8 -824.9 -748.2 -774.6 -724.8 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

L.130 Funding Corporations (1)

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

 1 Total financial assets 1341.2 1460.4 1852.3 2858.7 2406.4 2287.6 2236.6 2243.8 2290.9 2203.8 2186.5 1

 2 Money market fund shares 421.1 463.0 791.6 1065.3 890.5 762.0 699.5 700.6 713.0 682.8 664.6 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3

 4 Credit market instruments 317.4 363.5 309.2 999.9 764.4 788.4 846.1 809.0 871.7 813.4 808.6 4

 5 Open market paper 239.3 289.1 118.4 296.8 28.0 52.7 91.9 80.7 90.1 78.7 92.7 5

 6 Corporate and foreign bonds 67.5 60.4 170.0 667.3 710.2 711.4 730.4 704.9 760.1 716.5 700.4 6

 7 Other loans and advances 10.6 14.1 20.8 35.9 26.1 24.2 23.8 23.4 21.4 18.3 15.5 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 8

 9 Miscellaneous assets 602.8 633.9 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 9

10 Investment in foreign banking offices 188.8 197.3 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 10

11 Investment in brokers and dealers 414.0 436.5 510.5 516.9 523.2 522.5 514.8 531.0 508.2 518.5 539.7 11

12 Total liabilities 1341.2 1460.4 1852.3 2858.7 2406.4 2287.6 2236.6 2243.8 2290.9 2203.8 2186.5 12

13 Credit market instruments 619.9 645.3 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 13

14 Open market paper 274.5 278.3 367.9 388.0 261.7 222.9 193.0 204.8 214.3 216.0 194.4 14

15 Corporate bonds 345.3 367.0 418.5 419.9 457.8 466.8 466.6 479.8 454.6 464.5 491.1 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 444.9 95.3 90.2 85.0 76.3 73.4 49.9 42.5 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 4.7 7.8 8.3 9.2 9.3 9.7 17

18 Miscellaneous liabilities 721.4 815.1 1065.9 1605.9 1589.6 1503.0 1484.3 1474.6 1539.4 1464.0 1448.8 18

19 Foreign direct investment in U.S. 8.4 9.0 9.6 10.2 10.8 11.0 11.1 11.3 11.4 11.6 11.7 19

20 Securities loaned (net) 939.7 1242.3 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.5 726.4 20

21 Equity interest under PPIP 0.0 0.0 0.0 0.0 1.8 4.2 6.2 7.1 7.7 7.8 8.3 21

22 Other (net) -226.8 -436.2 -183.9 708.6 720.2 638.7 701.4 682.8 787.0 735.1 702.3 22

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
Z.1, September 16, 2011 85

L.200 U.S. Official Reserve Assets (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 61.1 62.2 67.3 74.2 175.1 170.1 165.7 177.0 175.8 184.3 189.3 1

 2 Federal government: SDR allocations 7.0 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 2

 3 Rest of the world 54.1 54.9 59.5 66.6 119.7 116.5 113.5 122.1 121.4 128.3 132.8 3

 4 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.0 54.6 57.4 56.8 56.5 57.2 4

 5 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 11.6 11.4 12.9 12.5 19.3 21.7 5

 6 Foreign currency holdings 37.8 40.9 45.8 49.6 50.5 48.9 47.6 51.7 52.1 52.4 53.8 6

 7 Total assets 72.1 73.3 78.3 85.2 186.1 181.1 176.7 188.1 186.8 195.3 200.4 7

 8 Federal government 35.3 34.5 36.4 41.9 94.6 92.2 89.8 96.3 95.4 102.1 105.9 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.0 54.6 57.4 56.8 56.5 57.2 10

11 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 11.7 11.5 13.1 12.6 19.5 21.9 11

12 Foreign currency holdings 18.9 20.5 22.5 24.8 25.2 24.4 23.8 25.8 26.0 26.1 26.8 12

13 Rest of the world: SDR allocations 7.0 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 13

14 Monetary authority 29.9 31.4 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 16

17 Foreign currency holdings 18.9 20.5 23.3 24.8 25.3 24.5 23.8 25.9 26.1 26.3 27.0 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

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

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.5 28.1 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 3

 4 Asset: Monetary authority 36.5 38.2 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 4

 5 Discrepancy (seigniorage) -9.1 -10.1 -11.3 -12.1 -16.5 -16.5 -17.0 -17.5 -17.6 -17.9 -18.1 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 997.8 1085.0 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 949.7 1

 Held by:

 2 Household sector 59.9 65.2 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 57.0 2

 3 Nonfinancial corporate business 63.6 49.3 50.3 24.7 31.6 38.7 49.5 60.0 72.2 79.1 84.2 3

 4 Money market mutual funds 94.7 84.1 127.3 129.3 97.1 92.5 92.5 103.9 105.9 107.5 112.2 4

 5 Discrepancy--unallocated assets 779.5 886.3 1082.9 735.8 661.3 660.0 684.7 670.7 679.4 713.5 696.2 5
86 Z.1, September 16, 2011

L.203 Net Interbank Transactions

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net change in liabilities 197.4 186.1 88.6 1890.5 1281.5 1194.1 1139.4 1029.2 1091.6 1755.4 1875.8 1

 2 Monetary authority 69.1 70.4 75.8 917.7 1031.9 1105.7 1027.3 985.1 1020.8 1460.3 1651.4 2

 3 U.S.-chartered commercial banks 288.5 363.0 502.0 1291.0 672.1 442.5 443.9 423.4 421.7 421.9 257.8 3

 4 Foreign banking offices in U.S. -141.7 -213.0 -404.1 -163.7 -322.5 -258.6 -252.1 -306.7 -275.2 -53.8 2.4 4

 5 Bank holding companies -18.5 -34.2 -85.1 -154.6 -100.0 -95.6 -79.7 -72.6 -75.7 -73.0 -35.7 5

 6 Net change in assets 176.1 166.8 67.5 1838.9 1195.4 1135.2 1065.4 959.8 1029.8 1680.1 1785.9 6

 7 Rest of the world 106.0 96.7 -56.9 362.9 68.9 19.6 39.4 -24.0 10.2 221.1 135.3 7

 8 Monetary authority 1.0 -0.3 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 8

 9 U.S.-chartered commercial banks 65.5 67.8 72.2 635.1 679.5 684.0 651.6 588.5 588.4 708.1 879.3 9

10 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 671.1 10

11 Savings institutions 2.7 2.0 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 11

12 Credit unions 0.0 0.0 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 12

13 Discrepancy 21.3 19.3 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 89.9 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 50.1 51.7 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.5 14

15 Asset: U.S.-chartered commercial banks 50.1 51.7 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.5 15

 Depository institution reserves:

16 Liab.: Monetary authority 19.0 18.7 20.8 860.0 977.0 1053.9 973.5 934.6 968.1 1407.0 1595.9 16

17 Asset: U.S.-chartered commercial banks 15.4 16.1 17.2 577.4 624.6 632.2 597.8 537.9 535.7 654.8 823.9 17

18 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 671.1 18

19 Savings institutions 2.7 2.0 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 19

20 Credit unions 0.0 0.0 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks 1.0 -0.3 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 21

22 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 22

23 Loans to member banks 0.1 0.1 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 23

24 Asset: Monetary authority 1.0 -0.3 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 320.9 432.3 496.2 668.8 559.5 470.6 462.0 467.5 477.1 452.3 366.0 25

26 Due to foreign affiliates 487.7 586.4 650.7 782.2 760.8 762.5 780.5 781.3 783.5 772.5 659.0 26

27 - Due from foreign affiliates 166.8 154.2 154.5 113.3 201.3 291.9 318.5 313.8 306.5 320.2 293.0 27

28 Foreign banking offices in U.S. (net) -176.0 -255.2 -424.0 -179.6 -350.9 -299.1 -300.8 -349.9 -307.8 -84.4 -21.1 28

29 Due to foreign affiliates 333.9 524.5 529.0 536.4 538.9 577.5 576.5 600.1 635.6 768.4 745.6 29

30 - Due from foreign affiliates 509.9 779.7 953.0 716.1 889.8 876.6 877.3 950.0 943.4 852.8 766.7 30

31 Bank holding companies (net) -27.1 -68.4 -110.6 -101.5 -125.1 -132.9 -98.9 -118.3 -135.6 -121.9 -186.2 31

32 Due to foreign affiliates 42.2 19.7 51.6 143.6 127.9 119.5 138.1 122.0 120.4 139.7 93.8 32

33 - Due from foreign affiliates 69.4 88.1 162.2 245.1 253.0 252.3 237.0 240.3 256.0 261.6 280.1 33

34 Less: Deposits at foreign banks 11.7 12.0 18.6 24.7 14.6 19.1 22.9 23.3 23.4 25.0 23.3 34

35 U.S.-chartered commercial banks 11.0 11.9 17.9 24.5 9.3 11.6 15.3 13.4 14.9 14.9 14.7 35

36 Foreign banking offices in U.S. 0.7 0.1 0.7 0.3 5.4 7.5 7.6 9.9 8.5 10.1 8.6 36

37 Asset: Rest of the world (1) 106.0 96.7 -56.9 362.9 68.9 19.6 39.4 -24.0 10.2 221.1 135.3 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) -22.3 -57.1 -24.9 88.5 27.4 -26.4 -1.5 -29.4 -39.2 -14.2 -92.8 38

39 Due to (3): 105.6 118.7 135.1 118.2 141.0 111.1 122.6 120.5 113.7 138.2 151.8 39

40 Foreign banking offices in U.S. 82.9 97.8 113.2 65.8 43.6 40.1 41.6 42.9 41.9 51.4 47.9 40

41 Bank holding companies 1.4 1.6 0.8 0.7 11.2 12.1 7.0 8.2 10.0 11.5 14.0 41

42 - Due from: 128.0 175.8 160.1 29.8 113.6 137.5 124.1 149.9 152.9 152.4 244.5 42

43 Foreign banking offices in U.S. 117.9 140.0 133.7 82.1 77.4 88.1 97.9 96.0 82.9 92.0 80.0 43

44 Bank holding companies 10.0 35.8 26.4 -52.3 36.3 49.4 26.3 53.9 69.9 60.4 164.6 44

45 Unallocated (2) 21.3 19.3 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 89.9 45

(1) Sum of lines 25, 28, and 31 less line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 45), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, and 45.
Z.1, September 16, 2011 87

L.204 Checkable Deposits and Currency

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1527.2 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.4 1

 2 Monetary authority 750.8 774.3 792.1 1220.3 1102.7 1120.5 1207.8 1218.8 1287.8 1078.7 1116.4 2

 3 Federal government cash and deposits 4.8 5.0 16.4 365.7 191.9 216.7 287.8 308.1 340.9 116.4 135.3 3

 4 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 19.3 27.4 4.0 13.5 10.2 7.3 4

 5 Deposits due to foreign 0.1 0.1 0.1 1.4 2.4 1.7 1.2 2.5 3.4 0.1 0.4 5

 6 Currency outside banks 743.9 768.5 773.9 832.2 873.3 882.8 891.3 904.2 930.0 952.0 973.5 6

 7 U.S.-chartered commercial banks 587.7 551.2 560.2 700.9 781.9 735.4 754.7 750.1 852.2 887.5 971.8 7

 8 Federal government deposits 33.9 28.0 42.9 3.5 3.8 4.1 3.2 3.6 3.6 3.6 3.7 8

 9 Deposits due to foreign 17.4 26.8 31.7 62.9 34.2 35.3 37.0 32.1 30.4 41.9 41.4 9

10 Private domestic deposits 536.5 496.4 485.5 634.6 743.8 696.0 714.5 714.4 818.1 842.0 926.7 10

11 Foreign banking offices in U.S. 9.3 9.3 11.8 13.5 16.1 16.4 16.4 18.5 21.9 20.7 23.2 11

12 Deposits due to foreign 2.3 2.1 2.3 4.7 10.5 10.9 10.5 11.9 14.6 13.2 15.3 12

13 Private domestic deposits 7.0 7.2 9.5 8.8 5.6 5.5 5.9 6.6 7.3 7.6 7.9 13

14 Banks in U.S.-affiliated areas 13.3 14.0 15.7 14.6 16.1 16.2 16.7 16.9 16.6 17.1 18.1 14

15 Savings institutions 85.0 85.9 79.4 76.6 89.7 90.1 89.2 88.4 88.9 90.5 88.5 15

16 Credit unions 81.1 72.6 73.7 75.3 86.9 88.5 88.2 88.5 92.4 98.7 96.3 16

17 Total assets 1527.2 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.4 17

18 Household sector 216.9 173.1 90.3 292.0 380.0 282.1 250.0 214.4 273.0 258.2 277.3 18

19 Nonfinancial business 646.2 604.5 662.9 558.0 656.1 725.8 760.1 812.3 875.9 924.8 964.9 19

20 Corporate 267.8 150.9 141.9 32.7 168.7 245.6 286.1 344.2 410.4 460.9 501.8 20

21 Nonfarm noncorporate 355.5 428.6 494.3 497.6 458.8 451.5 445.1 439.1 436.4 434.4 433.2 21

22 Farm 22.9 25.0 26.8 27.7 28.6 28.7 28.9 29.0 29.2 29.5 29.9 22

23 State and local governments 56.5 61.9 57.1 65.6 84.9 81.0 81.8 81.4 91.5 90.0 95.3 23

24 Federal government 36.8 32.9 56.5 368.0 193.6 219.5 291.6 310.2 342.1 117.5 135.5 24

25 Rest of the world 300.1 311.6 306.1 370.1 360.9 363.8 366.9 375.2 390.4 409.9 425.8 25

26 Checkable deposits 19.7 28.9 34.2 69.0 47.2 47.8 48.8 46.5 48.3 55.2 57.1 26

27 Currency 280.4 282.6 272.0 301.1 313.8 316.0 318.1 328.7 342.1 354.7 368.7 27

28 Financial sectors 261.5 315.8 350.0 441.0 411.6 390.2 419.8 382.8 381.1 387.0 408.7 28

29 Banks in U.S.-affiliated areas 3.0 2.9 2.6 3.2 4.2 3.9 5.4 5.3 3.3 4.1 4.4 29

30 Savings institutions 23.7 20.4 20.0 8.7 4.5 0.8 5.2 7.7 2.2 3.6 4.9 30

31 Credit unions 38.1 44.4 43.3 37.6 39.1 37.2 39.9 36.8 32.8 28.2 29.8 31

32 Property-casualty insurance companies 21.0 29.9 42.7 27.9 27.6 28.3 37.1 39.3 32.6 33.8 35.6 32

33 Life insurance companies 47.7 56.1 58.3 82.8 50.7 47.7 57.8 59.5 51.7 47.3 48.7 33

34 Private pension funds 10.8 11.2 11.8 12.3 16.4 18.9 21.9 24.6 28.0 31.3 34.6 34

35 State and local govt. retirement funds 15.8 13.1 17.9 17.8 17.7 17.8 17.5 17.2 17.3 18.1 18.1 35

36 Money market mutual funds -0.9 6.7 1.9 7.5 17.9 5.3 7.7 15.3 14.2 14.0 20.7 36

37 Government-sponsored enterprises 14.6 16.4 13.7 88.3 99.4 99.0 99.1 47.3 63.4 70.4 62.3 37

38 Finance companies 17.4 15.8 16.2 16.5 17.0 15.9 16.1 15.5 15.3 15.7 15.8 38

39 REITs 13.6 18.4 16.6 18.4 26.3 25.2 26.0 24.6 23.5 28.5 25.4 39

40 Brokers and dealers 56.5 80.5 105.0 120.1 90.7 90.2 86.1 89.5 96.9 92.1 108.4 40

41 Mail float 9.2 7.5 10.0 6.4 6.3 4.7 2.8 5.0 5.7 5.9 7.0 41
88 Z.1, September 16, 2011

L.205 Time and Savings Deposits 

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 6387.6 6995.8 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.7 1

 2 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6459.4 6443.4 6539.7 6624.9 6741.5 6899.3 2

 3 U.S.-chartered commercial banks 3493.1 3770.9 4025.9 4566.2 4949.1 5056.5 5047.9 5128.1 5225.9 5303.9 5469.0 3

 4 Foreign banking offices in U.S. 10.0 18.6 25.5 25.6 29.9 30.2 31.6 50.8 35.7 42.6 47.4 4

 5 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 5

 6 Savings institutions 618.5 647.5 638.1 578.5 667.9 674.8 665.9 661.9 662.7 676.2 661.1 6

 7 Credit unions 452.5 483.0 508.7 551.7 655.1 673.7 678.4 679.3 681.3 699.4 702.6 7

 8 Large time deposits (1) 1789.5 2050.8 2382.2 2191.6 1989.8 1887.8 1799.3 1836.9 1807.5 1811.8 1815.4 8

 9 U.S.-chartered commercial banks 838.1 968.0 991.1 1015.6 841.7 789.9 770.5 749.9 691.6 663.0 656.6 9

10 Foreign banking offices in U.S. 501.7 634.5 907.9 784.7 958.6 904.7 836.6 886.5 909.0 937.1 945.4 10

11 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 11

12 Savings institutions 363.3 358.0 387.1 293.5 137.7 140.7 144.2 151.3 157.6 161.2 162.9 12

13 Credit unions 62.5 65.0 69.9 70.4 27.3 28.2 28.4 29.4 30.1 31.2 31.4 13

14 Total assets 6387.6 6995.8 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.7 14

15 Household sector 4913.9 5400.4 5888.5 6082.8 6210.8 6342.3 6345.2 6409.7 6456.4 6499.1 6627.4 15

16 Nonfinancial business 774.5 841.4 800.7 740.0 821.3 785.1 760.5 789.5 787.9 836.7 886.2 16

17 Corporate 450.4 497.0 441.3 381.9 491.2 460.2 440.2 473.5 473.9 524.1 574.5 17

18 Nonfarm noncorporate 324.1 344.4 359.3 358.1 330.1 324.9 320.3 316.0 314.0 312.6 311.7 18

19 State and local governments 183.3 209.6 245.9 265.1 275.9 281.9 265.1 268.7 275.5 278.8 274.2 19

20 Federal government 1.4 1.7 2.8 1.6 1.9 2.0 1.8 1.8 2.0 1.5 1.7 20

21 Rest of the world 155.9 167.4 207.6 273.1 229.9 221.6 225.3 231.2 234.4 252.3 251.5 21

22 Financial sectors 358.7 375.5 461.1 578.4 776.4 714.3 644.7 675.8 676.3 684.8 673.7 22

23 Savings institutions 2.7 6.6 9.9 8.3 15.3 19.1 18.2 17.7 15.3 21.1 19.1 23

24 Credit unions 21.9 17.0 17.0 28.3 37.8 41.0 42.6 43.1 43.2 44.1 42.0 24

25 Private pension funds 62.2 63.1 67.7 67.9 72.7 73.7 74.9 75.7 77.1 78.0 79.0 25

26 State and local govt. retirement funds 1.3 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 26

27 Money market mutual funds 183.0 206.7 270.6 355.2 573.2 510.8 436.2 470.0 468.0 469.9 462.3 27

28 Government-sponsored enterprises 35.3 33.9 46.6 68.5 25.7 21.2 23.7 22.1 26.1 23.7 23.1 28

29 Finance companies 52.2 47.4 48.6 49.4 51.0 47.6 48.4 46.6 45.9 47.2 47.5 29

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 2006.9 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 1

 2 Household sector 949.2 1114.5 1346.7 1581.8 1313.1 1198.6 1140.0 1125.9 1129.6 1098.5 1092.0 2

 3 Nonfinancial corporate business 348.2 416.3 544.4 702.6 646.1 568.3 524.3 521.8 517.5 497.4 479.7 3

 4 Nonfarm noncorporate business 69.0 72.2 74.3 75.4 69.5 68.4 67.4 66.5 66.1 65.8 65.6 4

 5 State and local governments 71.7 78.5 81.9 80.5 85.0 86.8 86.1 87.6 89.7 89.4 89.1 5

 6 Rest of the world 23.0 27.0 46.0 69.7 80.3 80.9 81.5 82.1 82.7 83.3 83.9 6

 7 Property-casualty insurance companies 12.8 13.5 20.7 32.8 29.6 25.3 24.6 27.9 25.6 27.7 26.1 7

 8 Life insurance companies 13.5 23.3 21.6 39.2 33.7 29.8 26.5 23.6 21.0 23.8 26.0 8

 9 Private pension funds 86.7 90.1 93.5 95.7 96.4 96.4 96.4 96.3 96.3 96.2 96.2 9

10 State and local govt. retirement funds 11.7 13.8 12.4 14.3 14.3 14.4 14.2 13.9 13.9 14.7 14.6 10

11 Funding corporations 421.1 463.0 791.6 1065.3 890.5 762.0 699.5 700.6 713.0 682.8 664.6 11
Z.1, September 16, 2011 89

L.207 Federal Funds and Security Repurchase Agreements

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1748.5 2151.7 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1209.3 1

 2 Monetary authority 30.5 29.6 44.0 88.4 77.7 57.8 67.2 63.8 59.7 62.2 70.3 2

 3 U.S.-chartered commercial banks (net) 626.1 647.5 611.4 352.4 624.0 667.3 603.7 538.6 409.5 393.0 375.2 3

 4 Foreign banking offices in U.S. (net) 190.9 239.9 226.3 130.0 170.3 195.3 216.1 231.7 223.2 224.4 212.7 4

 5 Bank holding companies (net) 0.6 0.8 0.8 0.4 -47.7 -51.4 -59.0 -67.3 -49.5 -57.6 -64.7 5

 6 Savings institutions 61.0 41.8 17.6 17.6 53.6 53.9 50.2 49.2 47.6 38.2 37.0 6

 7 Property-casualty insurance companies 1.3 1.2 0.5 2.4 0.6 0.5 0.6 0.5 1.5 0.6 0.6 7

 8 Life insurance companies 20.9 21.2 20.2 12.9 12.4 9.2 9.8 11.0 10.3 9.5 10.0 8

 9 REITs 83.5 97.9 91.7 79.4 90.4 88.9 94.4 102.0 120.5 160.9 187.1 9

10 Brokers and dealers (net) 733.6 1071.8 1147.3 586.9 470.9 440.0 340.9 361.1 404.7 427.1 381.0 10

11 Total assets 1065.1 1294.8 1536.9 1243.7 1048.3 1003.1 889.3 935.7 937.3 1042.1 1002.7 11

12 Nonfinancial corporate business 14.6 15.5 8.1 7.2 8.0 9.2 9.4 6.7 12.4 13.0 12.3 12

13 State and local governments 141.2 154.6 161.2 158.6 167.3 170.9 169.4 172.5 176.5 175.9 175.4 13

14 Rest of the world (net) 231.2 364.6 338.4 114.9 31.0 -31.4 -123.1 -118.6 -98.6 -40.7 -57.2 14

15 Monetary authority 46.8 40.8 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Savings institutions 9.0 18.3 45.6 34.7 12.0 9.5 7.8 7.0 5.4 4.5 5.5 16

17 Credit unions (net) 6.7 5.1 2.5 -2.3 0.1 0.1 0.1 0.0 0.0 0.0 0.0 17

18 Property-casualty insurance companies 2.7 1.9 3.6 4.4 4.5 8.3 6.1 5.9 3.8 3.5 2.3 18

19 Life insurance companies 2.6 2.6 2.7 8.0 10.2 11.3 11.0 11.0 10.9 10.5 10.1 19

20 Private pension funds 21.6 22.4 25.8 33.1 36.2 36.3 31.3 36.8 37.1 37.3 38.0 20

21 State and local govt. retirement funds 19.7 24.1 21.7 23.5 23.5 23.6 23.2 22.8 22.8 24.0 24.0 21

22 Money market mutual funds 346.0 394.6 605.9 542.4 479.9 438.9 462.6 492.9 479.4 439.2 457.6 22

23 Mutual funds 115.4 132.8 132.2 124.7 153.3 150.1 127.6 134.9 137.5 218.5 219.5 23

24 Government-sponsored enterprises (net) 107.7 117.4 142.7 114.5 122.1 176.4 163.8 163.8 150.0 156.3 115.1 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 25

26 Discrepancy--unallocated assets 683.3 856.9 622.8 26.6 404.0 458.3 434.7 355.0 290.1 216.4 206.6 26

L.208 Open Market Paper

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

 1 Total outstanding, all types 1644.2 1958.0 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1

 2 Commercial paper 1640.1 1957.5 1788.1 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 2

 3 Nonfinancial corporate business 90.1 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 3

 4 Foreign issues in U.S. 384.0 482.3 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 4

 5 Nonfinancial 29.0 27.0 29.0 49.7 34.5 34.8 33.4 29.4 30.6 35.1 41.4 5

 6 Financial 355.0 455.3 384.0 292.3 366.8 352.8 345.0 348.6 368.0 393.2 375.8 6

 7 Financial business 1166.1 1362.7 1251.3 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 8

 9 Bank holding companies 57.1 81.7 116.7 77.7 60.8 74.0 63.7 64.4 64.7 73.6 76.9 9

10 ABS issuers 674.4 837.4 643.1 559.3 293.1 126.4 112.2 119.4 120.2 128.3 116.2 10

11 Finance companies 160.0 165.3 123.5 100.9 62.1 64.0 63.1 56.8 63.8 65.4 61.0 11

12 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Funding corporations 274.5 278.3 367.9 388.0 261.7 222.9 193.0 204.8 214.3 216.0 194.4 13

14 Bankers’ acceptances (1) 4.1 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 U.S.-chartered commercial banks 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Holdings, by sector 1644.2 1958.0 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 17

18 Household sector 98.4 117.5 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 18

19 Nonfinancial corporate business 111.0 122.7 69.5 57.3 56.9 58.2 64.9 73.7 72.7 77.3 77.0 19

20 State and local governments 184.8 202.4 191.1 127.6 74.1 68.7 56.8 50.8 46.1 35.3 24.6 20

21 Rest of the world 239.6 286.3 278.1 232.9 191.5 194.1 187.4 192.6 192.4 200.6 194.4 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered commercial banks (1) 0.0 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Credit unions 0.8 1.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Property-casualty insurance companies 15.8 16.4 13.3 19.1 9.8 11.1 10.4 11.8 7.9 8.5 8.0 27

28 Life insurance companies 24.4 28.7 41.7 38.3 49.8 35.7 39.3 46.0 40.9 33.5 24.6 28

29 Private pension funds 31.5 31.7 26.9 37.2 26.7 21.7 18.2 17.1 15.0 14.8 14.5 29

30 State and local govt. retirement funds 35.2 42.8 38.4 25.9 24.0 24.1 22.7 22.3 22.4 23.5 23.5 30

31 Money market mutual funds 492.2 608.3 674.6 618.5 510.5 445.6 382.9 386.4 394.2 398.1 361.1 31

32 Mutual funds 97.1 114.5 114.1 51.6 80.2 77.4 55.9 63.3 66.3 144.0 144.9 32

33 Government-sponsored enterprises 13.8 32.4 27.7 6.8 9.7 8.6 10.4 8.6 9.9 9.5 9.2 33

34 Brokers and dealers 60.2 64.3 87.1 65.7 41.5 38.5 33.1 34.2 36.2 39.6 42.2 34

35 Funding corporations 239.3 289.1 118.4 296.8 28.0 52.7 91.9 80.7 90.1 78.7 92.7 35

(1) Excludes banks’ holdings of own acceptances.
90 Z.1, September 16, 2011

L.209 Treasury Securities

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 4678.0 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 1

 2 Savings bonds 205.1 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 2

 3 Other Treasury issues 4472.9 4659.4 4902.8 6144.2 7590.7 8069.4 8414.2 8805.1 9173.6 9434.6 9528.1 3

 4 Total assets 4678.0 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 4

 5 Household sector 464.3 384.1 255.6 246.1 802.1 964.1 1149.4 1168.1 1105.6 1009.1 835.8 5

 6 Savings bonds 205.1 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 6

 7 Other Treasury issues 259.2 181.7 59.2 52.2 610.9 773.9 959.8 979.4 917.7 822.4 649.8 7

 8 Nonfinancial corporate business 52.1 45.5 38.3 30.5 39.1 45.2 47.5 48.6 39.5 38.9 46.1 8

 9 Nonfarm noncorporate business 56.2 56.3 59.3 51.8 47.8 47.0 46.3 45.7 45.4 45.2 45.1 9

10 State and local governments 481.4 526.9 534.1 485.5 505.6 506.1 511.6 506.2 512.9 500.8 484.4 10

11 Rest of the world 1984.4 2126.2 2376.4 3253.0 3671.4 3852.9 3966.7 4216.4 4385.3 4422.3 4437.8 11

12 Monetary authority 744.2 778.9 740.6 475.9 776.6 776.7 777.0 811.7 1021.5 1340.4 1619.5 12

13 U.S.-chartered commercial banks 64.2 61.9 73.0 53.4 117.7 181.6 181.2 220.2 211.6 210.0 177.7 13

14 Foreign banking offices in U.S. 27.8 26.8 30.4 35.5 61.4 63.1 58.7 73.4 66.2 74.8 72.7 14

15 Bank holding companies 1.1 2.5 7.1 3.1 5.8 5.8 5.0 17.2 19.6 16.1 9.0 15

16 Banks in U.S.-affiliated areas 3.9 3.7 1.8 1.2 0.5 0.9 1.3 1.1 1.1 1.1 1.6 16

17 Savings institutions 12.3 12.5 7.0 3.0 6.8 7.1 6.7 6.0 5.9 6.0 5.6 17

18 Credit unions 7.7 7.4 10.4 8.8 14.2 15.9 17.2 10.8 18.4 20.1 18.0 18

19 Property-casualty insurance companies 106.9 110.0 71.3 65.6 88.5 87.1 87.7 90.4 91.7 93.3 92.0 19

20 Life insurance companies 95.4 87.9 70.6 105.7 133.5 138.6 144.2 150.2 156.6 155.5 158.1 20

21 Private pension funds 116.5 130.8 169.5 184.9 310.7 341.6 407.4 466.9 486.7 500.0 519.8 21

22 State and local govt. retirement funds 153.8 156.2 141.6 146.4 174.5 179.1 182.0 185.5 185.6 187.9 186.0 22

23 Federal government retirement funds 68.4 76.7 88.0 112.3 119.1 120.6 124.5 128.2 129.2 132.9 136.3 23

24 Money market mutual funds 88.6 82.7 178.1 577.7 406.4 371.5 348.9 310.3 335.4 337.7 341.5 24

25 Mutual funds 155.7 160.7 179.2 187.9 255.5 269.9 278.3 294.3 297.4 298.2 306.8 25

26 Closed-end funds 7.1 7.4 5.6 3.2 4.3 5.0 4.8 5.0 5.1 5.2 5.2 26

27 Exchange-traded funds 9.7 13.1 19.7 27.0 41.7 46.3 51.9 51.7 51.0 52.8 56.7 27

28 Government-sponsored enterprises 13.1 14.2 15.5 16.8 21.9 60.1 72.2 69.5 55.2 58.5 63.3 28

29 ABS issuers 27.7 56.4 85.8 72.2 53.9 49.7 46.2 42.6 40.1 35.9 32.6 29

30 Brokers and dealers -64.6 -67.0 -60.0 190.6 123.0 123.6 87.1 73.8 94.5 78.6 62.5 30

 Memo:

31 Federal government debt (1) 4701.9 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 31

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
Z.1, September 16, 2011 91

L.210 Agency- and GSE-Backed Securities (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 6164.5 6492.4 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 1

 2 Budget agencies 23.8 23.5 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 2

 3 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 3

 4 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 4

 5 Total assets 6164.5 6492.4 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 5

 6 Household sector 496.8 405.6 668.9 712.1 114.3 92.5 133.3 164.0 205.5 295.1 276.2 6

 7 Nonfinancial corporate business 17.4 15.2 12.8 10.2 13.0 15.1 15.8 16.2 13.2 13.0 15.4 7

 8 State and local governments 401.6 439.9 458.7 451.1 436.1 441.1 432.1 435.8 442.3 435.5 428.9 8

 9 Federal government 0.0 0.0 0.0 54.4 196.4 186.4 175.3 164.4 149.2 138.4 103.7 9

10 Rest of the world 1012.9 1263.6 1582.4 1406.9 1154.8 1116.5 1128.0 1096.1 1077.3 1054.6 1029.6 10

11 Monetary authority 0.0 0.0 0.0 19.7 1068.3 1237.7 1282.9 1232.6 1139.6 1069.7 1025.6 11

12 U.S.-chartered commercial banks 992.7 1040.3 928.9 1068.7 1224.0 1219.3 1213.1 1259.8 1310.8 1341.9 1340.0 12

13 Foreign banking offices in U.S. 50.9 55.1 57.1 50.5 32.1 31.4 30.4 30.2 27.3 29.6 29.4 13

14 Bank holding companies 11.2 11.2 9.9 25.8 24.3 22.6 22.1 30.1 21.1 22.2 31.5 14

15 Banks in U.S.-affiliated areas 34.8 29.0 26.3 24.4 20.5 18.4 16.2 13.0 12.8 6.9 6.0 15

16 Savings institutions 192.3 177.0 177.4 173.8 193.4 202.6 199.8 203.8 216.4 219.9 219.6 16

17 Credit unions 86.4 72.5 68.4 82.9 110.8 123.5 133.6 136.3 145.6 160.6 164.2 17

18 Property-casualty insurance companies 117.9 122.0 125.8 114.3 116.2 116.1 116.0 115.9 115.8 116.2 115.7 18

19 Life insurance companies 368.5 377.4 382.9 366.2 371.9 372.8 373.8 374.8 376.0 386.1 389.7 19

20 Private pension funds 252.0 268.6 296.8 318.1 269.1 259.6 210.9 170.2 170.9 165.3 159.9 20

21 State and local govt. retirement funds 258.4 307.8 331.1 337.5 306.9 301.0 292.3 285.1 285.2 288.7 285.8 21

22 Federal government retirement funds 4.6 4.7 5.0 5.1 5.6 5.8 6.0 6.6 6.3 6.2 6.5 22

23 Money market mutual funds 160.1 131.4 235.9 756.2 543.0 465.5 450.4 415.3 402.8 373.4 359.4 23

24 Mutual funds 483.4 499.1 565.4 592.7 639.1 684.3 710.7 760.8 791.1 793.4 820.6 24

25 Government-sponsored enterprises 751.1 714.0 702.9 910.0 924.5 417.0 387.7 375.1 377.0 373.9 368.2 25

26 ABS issuers 329.9 354.6 382.1 354.0 126.4 91.2 54.4 29.9 18.8 14.2 10.4 26

27 REITs 40.6 65.4 88.9 89.6 105.1 109.1 114.7 128.7 143.3 190.6 216.8 27

28 Brokers and dealers 101.0 138.0 290.2 242.6 110.9 127.5 161.9 173.5 149.8 153.2 174.7 28

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 31.
92 Z.1, September 16, 2011

L.211 Municipal Securities and Loans

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 2225.8 2403.2 2618.8 2680.2 2809.5 2843.1 2842.3 2859.3 2928.0 2907.6 2886.0 1

 2 State and local governments 1843.9 1996.9 2187.3 2237.9 2346.8 2378.0 2375.7 2390.8 2452.8 2432.8 2410.9 2

 3 Short-term (1) 105.9 102.8 120.1 132.6 135.6 134.8 119.6 130.5 150.0 147.7 127.1 3

 4 Long-term 1737.9 1894.2 2067.2 2105.3 2211.2 2243.3 2256.0 2260.3 2302.8 2285.0 2283.9 4

 5 Nonprofit organizations (2) 205.2 224.1 241.2 249.3 264.1 266.0 266.9 266.1 268.1 268.1 268.7 5

 6 Nonfinancial corporate business 176.8 182.2 190.3 193.0 198.5 199.0 199.8 202.4 207.1 206.8 206.4 6

 (industrial revenue bonds)

 7 Total assets 2225.8 2403.2 2618.8 2680.2 2809.5 2843.1 2842.3 2859.3 2928.0 2907.6 2886.0 7

 8 Household sector 820.9 872.0 896.0 903.8 1010.2 1045.0 1048.6 1043.8 1090.3 1088.6 1066.2 8

 9 Nonfinancial corporate business 32.1 28.1 29.2 26.2 27.3 23.3 20.3 21.5 21.0 20.4 19.8 9

10 Nonfarm noncorporate business 4.4 5.8 5.3 4.9 4.5 4.5 4.4 4.3 4.3 4.3 4.3 10

11 State and local governments 5.0 5.5 5.7 5.6 5.9 6.1 6.0 6.1 6.3 6.2 6.2 11

12 Rest of the world 29.0 34.4 45.1 50.5 57.0 61.0 65.0 69.0 73.0 75.2 77.2 12

13 U.S.-chartered commercial banks 157.2 178.9 190.9 214.1 215.1 216.2 218.4 226.4 243.5 249.0 256.3 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.5 1.3 2.0 2.5 3.5 3.1 2.0 2.7 2.5 2.8 2.5 15

16 Savings institutions 9.0 11.2 11.0 7.8 9.2 9.6 10.1 10.2 11.1 10.9 11.1 16

17 Property-casualty insurance companies 313.2 335.2 371.3 381.9 369.4 364.0 358.7 353.5 348.4 349.7 348.2 17

18 Life insurance companies 32.5 36.6 41.4 47.1 73.1 81.3 90.5 100.8 112.3 115.1 116.1 18

19 State and local govt. retirement funds 1.7 3.3 2.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.5 19

20 Money market mutual funds 336.8 370.3 471.0 494.6 401.3 370.0 352.0 331.6 334.4 320.7 305.8 20

21 Mutual funds 311.7 344.4 372.2 389.6 480.2 501.5 514.2 532.8 526.6 515.1 520.0 21

22 Closed-end funds 89.4 89.4 91.3 77.9 80.9 81.1 81.3 81.7 80.3 79.6 79.6 22

23 Exchange-traded funds 0.0 0.0 0.6 2.3 5.9 6.5 7.3 7.8 7.6 7.5 7.7 23

24 Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 28.0 27.2 26.2 24.9 23.8 22.9 24

25 Brokers and dealers 42.9 50.9 50.1 38.7 35.4 40.3 35.0 39.2 40.0 37.0 40.6 25

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
Z.1, September 16, 2011 93

L.212 Corporate and Foreign Bonds

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 8693.8 9981.8 11435.1 11012.5 11508.4 11419.7 11318.3 11402.7 11472.5 11462.6 11467.1 1

 2 Nonfinancial corporate business 3031.1 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 2

 3 Rest of the world (1) 1011.6 1275.5 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.7 3

 4 Financial sectors 4651.1 5459.6 6290.1 6012.8 5798.4 5565.8 5406.6 5341.0 5175.0 5056.0 4945.3 4

 5 U.S.-chartered commercial banks 121.7 149.2 174.4 182.4 174.1 417.3 415.0 421.7 434.1 431.3 430.5 5

 6 Bank holding companies 372.4 421.5 516.0 638.9 1028.7 996.7 977.3 1027.8 982.2 984.4 934.4 6

 7 Savings institutions 8.7 10.7 10.4 2.4 2.3 3.2 3.0 2.8 2.7 2.2 2.2 7

 8 ABS issuers (net) (3) 2717.5 3362.1 3900.7 3576.6 3075.4 2598.4 2477.4 2350.7 2223.3 2117.1 2048.9 8

 9 Finance companies 806.5 849.7 974.1 924.5 837.5 858.2 834.6 823.0 818.7 796.0 781.0 9

10 REITs 216.7 230.6 231.3 171.0 129.8 132.9 131.8 139.1 129.7 132.3 147.2 10

11 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 92.3 100.9 96.1 129.7 128.2 110.1 11

12 Funding corporations 345.3 367.0 418.5 419.9 457.8 466.8 466.6 479.8 454.6 464.5 491.1 12

13 Total assets 8693.8 9981.8 11435.1 11012.5 11508.4 11419.7 11318.3 11402.7 11472.5 11462.6 11467.1 13

14 Household sector 1298.7 1552.8 2017.2 1955.0 2167.2 2057.6 1934.9 1826.5 1846.5 1795.9 1778.3 14

15 State and local governments 127.2 139.4 145.3 142.9 150.9 154.0 152.7 155.5 159.1 158.6 158.1 15

16 Federal government 0.0 0.0 0.0 0.0 0.6 0.6 0.7 0.8 0.9 0.9 0.9 16

17 Rest of the world (2) 1762.9 2320.5 2719.1 2354.0 2467.0 2441.9 2415.7 2423.3 2487.4 2479.8 2461.9 17

18 U.S.-chartered commercial banks 411.6 470.7 572.4 542.0 582.6 523.2 499.5 499.3 474.9 461.1 456.1 18

19 Foreign banking offices in U.S. 262.8 292.5 369.5 401.6 244.9 236.6 252.4 362.5 233.9 220.6 227.0 19

20 Bank holding companies 11.8 16.7 35.9 35.8 31.1 33.6 17.4 42.2 38.3 40.5 40.6 20

21 Banks in U.S.-affiliated areas 0.8 0.4 0.5 0.5 2.0 1.4 0.5 0.5 0.6 5.9 5.2 21

22 Savings institutions 80.2 92.7 142.2 108.5 84.5 81.1 80.9 76.1 73.9 70.9 68.9 22

23 Credit unions 23.5 30.6 34.6 25.7 18.6 18.5 18.4 11.5 0.0 0.0 0.0 23

24 Property-casualty insurance companies 262.8 277.0 282.9 267.5 298.3 304.2 310.2 316.4 322.6 323.8 322.5 24

25 Life insurance companies 1824.8 1819.5 1862.6 1817.0 1914.7 1949.9 1975.3 2001.3 2030.2 2062.5 2083.1 25

26 Private pension funds 290.0 317.6 357.4 400.1 442.9 452.5 462.1 469.2 483.5 496.3 504.1 26

27 State and local govt. retirement funds 227.9 283.4 297.0 312.9 308.6 308.7 311.5 311.9 312.4 314.1 311.3 27

28 Federal government retirement funds 2.9 2.9 3.0 2.9 3.0 3.0 3.1 3.5 3.2 3.1 3.2 28

29 Money market mutual funds 263.2 368.3 376.8 228.0 169.9 176.0 169.1 159.5 154.2 153.7 153.2 29

30 Mutual funds 662.7 767.0 889.9 959.9 1106.1 1166.8 1190.1 1234.5 1275.4 1323.5 1377.3 30

31 Closed-end funds 69.3 75.1 74.0 48.7 54.0 55.6 53.6 55.3 58.1 60.7 60.1 31

32 Exchange-traded funds 5.3 7.6 13.8 27.7 55.3 60.4 65.5 73.9 74.0 79.8 86.5 32

33 Government-sponsored enterprises 465.7 481.7 464.4 386.6 310.8 324.8 313.0 308.3 293.9 284.7 270.0 33

34 Finance companies 203.5 184.8 189.4 192.4 198.6 185.6 188.7 181.6 179.0 184.1 185.1 34

35 REITs 53.0 64.6 34.4 11.7 15.5 17.5 18.1 20.1 20.8 23.4 25.1 35

36 Brokers and dealers 315.7 355.5 382.8 123.8 171.3 154.8 154.6 164.3 189.5 202.5 188.3 36

37 Funding corporations 67.5 60.4 170.0 667.3 710.2 711.4 730.4 704.9 760.1 716.5 700.4 37

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
94 Z.1, September 16, 2011

L.213 Corporate Equities (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Issues at market value 20636.1 24339.3 25580.9 15640.5 20123.2 21016.9 18738.2 21071.6 23247.0 24544.5 24404.8 1

 2 Nonfinancial corporate business 12686.6 14602.3 15730.7 10016.6 12494.7 12924.9 11497.7 12913.7 14429.6 15302.6 15211.2 2

 3 Rest of the world (2) 3317.7 4329.0 5248.0 2748.4 3995.3 4103.8 3624.9 4261.3 4485.6 4673.4 4660.0 3

 4 Financial corporations 4631.9 5408.0 4602.2 2875.4 3633.2 3988.2 3615.6 3896.6 4331.8 4568.5 4533.6 4

 5 Holdings at market value 20636.1 24339.3 25580.9 15640.5 20123.2 21016.9 18738.2 21071.6 23247.0 24544.5 24404.8 5

 6 Household sector 8093.6 9644.6 9633.2 5742.7 7365.9 7599.7 6848.4 7759.1 8532.6 8991.5 8946.3 6

 7 State and local governments 96.8 106.0 111.6 86.2 122.3 117.2 108.7 110.8 113.6 113.2 112.8 7

 8 Federal government 0.0 0.0 0.0 188.7 67.4 48.0 45.1 44.1 40.9 55.0 60.0 8

 9 Rest of the world (3) 2039.1 2448.1 2812.2 1806.6 2515.7 2731.5 2420.2 2769.9 3060.3 3263.6 3281.8 9

10 Monetary authority 0.0 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 10

11 U.S.-chartered commercial banks 24.1 35.3 41.5 6.7 30.3 34.7 21.8 29.5 38.2 42.0 45.1 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 12

13 Savings institutions 26.2 24.9 25.3 22.7 22.2 21.8 21.7 19.5 19.7 21.9 21.8 13

14 Property-casualty insurance companies 199.5 227.0 236.2 193.3 219.8 216.7 193.4 204.8 219.2 222.7 220.2 14

15 Life insurance companies 1161.8 1364.8 1464.6 1001.7 1208.5 1275.8 1169.4 1286.6 1402.6 1494.6 1490.5 15

16 Private pension funds 2441.7 2724.8 2673.3 1599.7 1835.7 1918.2 1673.9 1832.6 2012.3 2100.0 2063.3 16

17 State and local govt. retirement funds 1715.8 1926.1 2013.7 1237.9 1549.8 1636.0 1450.8 1604.6 1782.5 1861.9 1847.2 17

18 Federal government retirement funds 112.6 138.1 149.1 85.6 119.4 127.8 112.6 125.7 143.7 152.1 152.9 18

19 Mutual funds 4175.7 4989.6 5476.9 3014.1 4136.2 4351.8 3799.5 4299.9 4762.7 5087.0 5014.3 19

20 Closed-end funds 105.0 121.5 144.9 71.3 85.7 87.3 80.2 90.2 94.8 98.5 98.7 20

21 Exchange-traded funds 285.8 402.0 573.7 473.9 669.9 687.2 642.5 741.5 853.9 908.9 919.3 21

22 Brokers and dealers 158.3 186.4 224.8 109.2 124.2 112.4 98.4 100.6 117.2 131.7 130.5 22

23 Funding corporations 0.0 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 23

 Memo:

24 Market value of domestic corporations (4) 16519.4 19013.2 19086.6 12014.9 14950.7 15727.6 14029.5 15598.1 17392.0 18445.4 18309.1 24

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 14, 20, 21,22, and 23; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

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

 1 Shares at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 1

 2 Holdings at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8506.2 2

 3 Household sector 3669.1 4188.1 4596.8 3325.9 4177.2 4359.0 4055.3 4412.8 4717.7 5091.6 5108.7 3

 4 Nonfinancial corporate business 140.0 180.7 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 236.5 4

 5 State and local governments 29.6 32.5 33.8 33.3 35.1 35.9 30.6 31.2 32.1 31.9 31.8 5

 6 Rest of the world 242.0 316.8 373.5 256.2 321.7 337.1 312.5 342.0 366.6 391.5 393.0 6

 7 U.S.-chartered commercial banks 17.4 24.5 29.6 19.6 46.1 43.2 38.7 41.2 45.0 47.1 45.0 7

 8 Credit unions 2.2 2.1 2.1 2.0 1.3 1.6 1.6 1.6 1.5 1.7 1.8 8

 9 Property-casualty insurance companies 5.7 6.9 6.8 4.4 5.3 5.4 5.0 5.4 5.7 5.8 5.8 9

10 Life insurance companies 109.0 148.8 188.4 121.0 140.8 144.8 134.3 144.1 155.7 158.7 158.5 10

11 Private pension funds 1585.4 1880.4 2110.6 1366.0 1817.3 1929.6 1786.0 1982.2 2126.6 2236.5 2254.9 11

12 State and local govt. retirement funds 248.4 287.5 296.4 181.1 226.7 239.3 212.2 234.8 260.8 272.4 270.2 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
Z.1, September 16, 2011 95

L.215 Bank Loans Not Elsewhere Classified

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net change in liabilities 1577.9 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.7 1

 2 Nonfinancial sectors 1309.4 1499.0 1750.2 1947.9 1650.3 1671.1 1650.6 1655.6 1692.8 1703.6 1754.7 2

 3 Household sector 36.4 86.4 99.7 117.7 147.8 226.4 237.5 256.3 263.2 247.9 268.5 3

 4 Corporate business 508.7 518.3 609.9 663.6 542.6 539.0 525.2 519.2 528.8 538.3 548.9 4

 5 Nonfarm noncorporate business 629.9 742.8 882.3 1000.0 804.6 753.9 729.9 714.4 727.4 736.4 750.3 5

 6 Farm business 49.9 53.2 55.5 58.7 58.5 54.6 57.4 58.1 58.3 53.9 56.5 6

 7 Rest of the world 84.4 98.3 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 7

 8 Foreign official institutions 2.6 1.9 1.9 2.6 3.2 3.0 3.3 3.5 4.3 4.2 3.2 8

 9 Foreign banks 18.1 21.9 30.2 33.0 27.9 30.4 33.1 34.1 39.7 45.7 49.1 9

10 Other foreign 63.7 74.4 70.8 72.4 65.8 63.8 64.3 70.0 71.2 77.1 78.2 10

11 Financial sectors 268.6 206.2 277.1 773.2 271.5 246.0 230.7 200.1 181.3 168.7 148.0 11

12 Savings institutions 93.1 48.6 62.0 75.0 11.0 11.3 8.8 10.9 9.8 11.2 11.5 12

13 Finance companies 142.1 129.2 182.0 174.9 144.5 125.9 120.0 95.0 79.6 88.2 75.2 13

14 REITs 33.3 28.4 33.2 32.8 20.7 18.5 17.0 17.9 18.5 19.3 18.9 14

15 Brokers and dealers 0.0 0.0 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Funding corporations 0.0 0.0 0.0 444.9 95.3 90.2 85.0 76.3 73.4 49.9 42.5 16

17 Net change in assets 1577.9 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.7 17

18 Monetary authority (2) 0.0 0.0 0.0 490.4 142.8 137.4 127.5 106.0 98.1 69.1 55.3 18

19 U.S.-chartered commercial banks 1249.3 1312.2 1532.9 1670.8 1338.4 1340.2 1332.3 1328.6 1350.7 1354.6 1390.8 19

20 Foreign banking offices in U.S. 294.7 361.8 466.8 531.9 406.5 403.9 387.3 386.7 390.4 405.7 416.7 20

21 Bank holding companies 8.1 5.6 6.3 8.2 14.6 17.1 18.5 18.6 18.9 26.9 24.2 21

22 Banks in U.S.-affiliated areas 25.9 25.6 21.4 19.7 19.4 18.4 15.7 15.9 16.1 16.0 15.8 22

(1) Excludes bank lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.109.
96 Z.1, September 16, 2011

L.216 Other Loans and Advances

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total other loans and advances 1901.2 2071.6 2605.3 2711.7 2275.6 2146.9 2098.6 2029.7 1950.6 1887.5 1858.9 1

 2 U.S. government loans 106.7 107.3 105.2 111.3 177.4 180.9 180.5 181.5 180.9 183.1 180.2 2

 3 Liab.: Household sector 11.5 12.9 12.5 12.8 12.6 12.6 12.3 12.3 11.6 11.6 11.4 3

 4 Nonfinancial corporate business 9.2 10.4 10.2 14.5 73.9 73.6 69.9 70.7 69.5 70.8 66.7 4

 5 Nonfarm noncorporate business 37.9 42.7 43.8 46.0 49.2 50.0 50.3 49.7 49.5 50.0 51.0 5

 6 Farm business 3.8 3.7 3.7 3.7 4.2 4.3 4.5 4.6 4.6 4.6 4.9 6

 7 State and local governments 10.6 11.2 11.9 12.7 13.5 13.7 13.8 13.9 14.4 14.5 14.7 7

 8 Rest of the world 33.7 26.4 23.1 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 2.0 4.7 7.8 8.3 9.2 9.3 9.7 11

12 Foreign loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.8 185.9 198.0 163.9 160.4 162.3 181.7 12

13 Liab.: Nonfinancial corporate business 162.5 168.8 271.5 207.3 182.8 185.9 198.0 163.9 160.4 162.3 181.7 13

 Customers’ liability on acceptances outstanding

14 Asset: U.S.-chartered commercial banks 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Foreign banking offices in U.S. 0.8 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Liab.: Nonfinancial corporate business 3.8 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Rest of the world 0.2 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Savings institution loans to business 61.5 67.5 73.7 80.1 65.6 65.3 64.4 71.1 72.0 72.2 65.8 18

19 Liab.: Nonfinancial corporate business 30.7 33.7 36.9 40.0 32.8 32.6 32.2 35.6 36.0 36.1 32.9 19

20 Nonfarm noncorporate business 30.7 33.7 36.9 40.0 32.8 32.6 32.2 35.6 36.0 36.1 32.9 20

21 Credit unions loans to business 25.9 26.8 26.9 29.6 32.3 31.3 32.5 33.2 33.1 31.5 33.0 21

22 Liab.: Nonfinancial corporate business 13.0 13.4 13.4 14.8 16.2 15.6 16.3 16.6 16.5 15.8 16.5 22

23 Nonfarm noncorporate business 13.0 13.4 13.4 14.8 16.2 15.6 16.3 16.6 16.5 15.8 16.5 23

24 Policy loans (Household liability) 107.6 110.9 114.5 120.4 121.1 121.7 122.4 123.5 124.5 124.8 125.5 24

25 Asset: Federal government 0.7 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 25

26 Life insurance companies 106.9 110.2 113.9 119.8 120.6 121.2 121.9 123.0 124.0 124.3 125.0 26

27 Government-sponsored enterprise loans (1) 671.8 704.9 942.6 980.7 695.9 634.5 599.1 561.6 551.3 504.8 487.4 27

28 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Noncorporate business (FCS) 20.0 24.2 28.5 53.4 56.4 54.3 55.4 56.9 57.7 46.4 47.6 29

30 Farm business (FCS) 31.6 39.3 47.0 26.9 23.6 23.4 21.2 25.0 29.6 25.2 24.6 30

31 U.S.-chartered coml. banks (FHLB & SLMA) 268.5 348.5 455.2 526.3 402.0 357.0 327.6 289.0 277.9 256.4 243.6 31

32 Savings institutions (FHLB & SLMA) 325.5 259.8 350.9 278.7 139.1 128.8 124.4 120.2 114.9 107.6 102.5 32

33 Credit unions (FHLB) 14.7 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 33

34 Life insurance companies (FHLB) 11.5 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 34

35 Securitized loans held by ABS issuers 93.9 97.7 93.7 78.1 54.4 37.7 37.2 40.6 37.2 33.4 33.1 35

36 Liab.: Nonfinancial corporate business 93.9 97.7 93.7 78.1 54.4 37.7 37.2 40.6 37.2 33.4 33.1 36

37 Finance company loans to business 479.2 498.0 523.0 539.9 448.9 447.5 439.2 445.7 441.0 439.7 429.1 37

38 Liab.: Nonfinancial corporate business 431.3 448.2 470.7 485.9 404.0 402.8 395.3 401.2 396.9 395.8 386.2 38

39 Nonfarm noncorporate business 47.9 49.8 52.3 54.0 44.9 44.8 43.9 44.6 44.1 44.0 42.9 39

40 Loans to nonfinancial corporate business (2) 188.1 289.2 453.8 564.3 497.2 442.0 425.2 408.5 350.2 335.7 323.2 40

41 Asset: Household sector 8.7 9.1 17.6 29.7 24.5 29.6 29.6 29.7 26.2 25.2 24.4 41

42 Life insurance companies 15.9 22.4 31.9 46.3 32.9 21.7 20.8 20.0 16.7 15.4 14.3 42

43 Mutual funds 36.5 46.3 82.4 94.8 96.1 85.0 85.2 85.4 74.6 86.7 97.2 43

44 ABS issuers 94.5 155.7 248.3 301.7 274.3 221.3 208.3 195.4 163.8 144.1 127.0 44

45 Brokers and dealers 22.0 41.7 52.8 55.9 43.2 60.1 57.4 54.8 47.4 45.9 44.6 45

46 Funding corporations 10.6 14.1 20.8 35.9 26.1 24.2 23.8 23.4 21.4 18.3 15.5 46

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding banks and finance companies which are included elsewhere.
Z.1, September 16, 2011 97

L.217 Total Mortgages

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total mortgages 12074.7 13465.1 14517.3 14610.1 14326.7 14149.9 14035.1 13913.6 13817.4 13711.5 13642.6 1

 2 Home 9386.6 10458.2 11169.4 11068.2 10867.7 10727.9 10661.3 10582.9 10524.0 10449.7 10395.5 2

 3 Multifamily residential 666.8 707.5 786.9 840.3 849.3 843.4 839.9 840.9 839.4 838.9 839.9 3

 4 Commercial 1916.5 2191.4 2448.3 2567.0 2478.4 2446.1 2400.1 2354.8 2317.8 2287.8 2273.3 4

 5 Farm 104.8 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.1 133.9 5

 6 Total liabilities 12074.7 13465.1 14517.3 14610.1 14326.7 14149.9 14035.1 13913.6 13817.4 13711.5 13642.6 6

 7 Household sector 9083.8 10094.1 10784.4 10748.3 10592.6 10464.4 10408.1 10334.0 10277.1 10209.2 10160.8 7

 8 Nonfinancial business 2845.5 3219.0 3576.2 3698.3 3567.2 3518.4 3459.5 3411.2 3366.5 3325.7 3300.6 8

 9 Corporate 733.2 822.1 870.4 799.6 767.1 752.6 732.1 712.7 686.9 662.6 652.6 9

10 Nonfarm noncorporate 2007.5 2288.9 2593.1 2764.0 2668.8 2633.3 2593.6 2563.5 2543.3 2528.0 2514.1 10

11 Farm 104.8 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.1 133.9 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 145.5 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 176.6 181.2 13

14 Total assets 12074.7 13465.1 14517.3 14610.1 14326.7 14149.9 14035.1 13913.6 13817.4 13711.5 13642.6 14

15 Household sector 139.4 122.1 109.8 111.2 101.5 99.9 96.5 93.5 90.2 87.6 84.3 15

16 Nonfinancial corporate business 68.3 59.8 41.4 33.6 30.3 29.5 28.7 27.8 27.0 26.2 25.4 16

17 Nonfarm noncorporate business 36.2 34.6 42.1 39.1 36.1 35.5 35.0 34.5 34.3 34.1 34.0 17

18 State and local governments 151.9 166.4 172.8 169.7 179.0 182.8 181.2 181.7 181.8 182.4 181.9 18

19 Federal government 76.6 80.3 82.4 95.8 108.4 107.1 108.4 106.6 106.6 107.8 109.3 19

20 U.S.-chartered commercial banks 2902.1 3338.9 3564.6 3754.7 3738.6 3681.9 3634.1 3603.0 3580.1 3482.3 3455.0 20

21 Foreign banking offices in U.S. 20.8 24.9 39.0 44.2 37.8 37.9 36.2 35.3 35.4 33.8 33.0 21

22 Banks in U.S.-affiliated areas 35.1 39.2 40.8 42.6 42.3 41.6 36.5 36.1 35.8 34.8 33.9 22

23 Savings institutions (1) 1152.7 1076.8 1094.0 860.6 633.3 629.3 619.3 617.8 614.8 600.2 590.8 23

24 Credit unions 219.7 249.7 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.3 24

25 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 25

26 Life insurance companies 285.5 303.8 326.2 342.4 326.1 321.4 317.9 318.2 317.5 318.4 323.1 26

27 Private pension funds 9.8 9.5 10.2 11.1 13.6 14.6 15.7 15.2 15.0 14.7 14.5 27

28 State and local govt. retirement funds 16.4 14.4 9.7 9.4 9.3 9.4 9.3 9.4 9.4 9.2 9.2 28

29 Government-sponsored enterprises (1) 588.8 607.2 643.1 705.3 707.7 5104.4 5084.4 5035.8 5021.0 5053.1 5016.7 29

30 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 30

31 ABS issuers 2132.2 2762.1 2935.6 2585.2 2218.0 2116.9 2042.4 1968.9 1898.1 1839.9 1790.0 31

32 Finance companies 541.4 594.4 531.9 447.9 397.4 386.9 371.1 361.2 344.2 331.0 319.5 32

33 REITs 146.7 136.3 123.1 76.3 48.3 46.4 45.0 43.9 41.9 41.2 57.3 33

(1) FHLB loans to savings institutions are included in other loans and advances.
98 Z.1, September 16, 2011

L.218 Home Mortgages (1)

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 9386.6 10458.2 11169.4 11068.2 10867.7 10727.9 10661.3 10582.9 10524.0 10449.7 10395.5 1

 2 Household sector 8878.5 9867.7 10542.1 10494.5 10347.9 10223.0 10171.2 10101.4 10048.4 9982.0 9934.9 2

 3 Nonfinancial corporate business 31.1 39.4 42.2 32.7 20.3 18.4 15.9 14.8 13.6 12.4 11.4 3

 4 Nonfarm noncorporate business 477.0 551.2 585.1 540.9 499.5 486.5 474.2 466.7 462.1 455.3 449.2 4

 5 Total assets 9386.6 10458.2 11169.4 11068.2 10867.7 10727.9 10661.3 10582.9 10524.0 10449.7 10395.5 5

 6 Household sector 117.9 102.9 90.8 91.2 83.2 81.2 79.2 77.2 75.2 73.2 71.2 6

 7 Nonfinancial corporate business 40.9 35.9 25.0 20.2 18.2 17.7 17.2 16.7 16.2 15.9 15.5 7

 8 Nonfarm noncorporate business 13.3 12.7 15.4 14.3 13.2 13.0 12.8 12.6 12.5 12.5 12.5 8

 9 State and local governments 77.5 84.9 88.5 87.0 91.9 93.8 93.0 93.0 92.7 93.0 92.7 9

10 Federal government 13.2 13.3 13.7 16.4 22.1 23.2 23.9 23.6 23.9 24.3 24.9 10

11 U.S.-chartered commercial banks 1775.8 2064.9 2189.0 2217.3 2238.0 2198.8 2175.6 2173.2 2183.6 2108.7 2097.3 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 7.0 0.9 1.1 1.1 1.1 1.1 1.1 1.1 12

13 Banks in U.S.-affiliated areas 16.3 17.2 21.5 22.9 22.6 22.3 20.8 20.5 20.1 18.8 18.2 13

14 Savings institutions 953.8 867.8 879.0 666.3 448.6 444.5 438.7 437.0 430.5 419.3 412.9 14

15 Credit unions 219.7 249.7 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.3 15

16 Life insurance companies 7.5 10.3 9.4 8.6 6.4 5.6 5.6 5.8 6.2 6.3 6.7 16

17 Private pension funds 1.4 1.3 1.2 1.3 2.0 2.1 2.1 2.1 2.1 2.1 2.0 17

18 State and local govt. retirement funds 5.9 5.2 3.5 3.4 3.3 3.4 3.4 3.4 3.4 3.3 3.3 18

19 Government-sponsored enterprises 453.9 457.6 447.9 456.6 445.4 4795.6 4774.8 4722.8 4701.5 4734.4 4699.8 19

20 Agency- and GSE-backed mortgage pools 3446.4 3749.1 4371.8 4864.0 5266.5 920.7 982.5 1028.5 1068.8 1112.5 1155.7 20

21 ABS issuers 1625.6 2142.9 2178.0 1867.3 1547.2 1457.0 1395.9 1337.0 1276.1 1222.0 1173.5 21

22 Finance companies 489.8 538.1 472.7 375.4 327.7 317.0 303.3 295.3 280.6 270.0 261.4 22

23 REITs 127.9 104.2 80.7 34.3 12.6 11.0 8.9 8.7 8.9 9.0 22.6 23

 Memo:

24 Home equity loans included above (2) 915.1 1066.2 1130.9 1114.3 1032.1 1013.3 995.6 975.4 949.7 925.4 904.4 24

25 U.S.-chartered commercial banks 549.0 653.6 692.3 775.2 761.5 751.2 741.0 726.6 709.3 692.1 677.2 25

26 Foreign banking offices in U.S. 0.0 0.0 0.0 0.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 26

27 Savings institutions 151.6 137.6 180.5 119.5 80.0 78.4 76.6 75.5 74.0 72.3 70.5 27

28 Credit unions 75.9 86.9 94.1 98.7 94.6 92.7 91.8 90.3 88.2 86.6 85.0 28

29 ABS issuers 40.6 80.5 69.5 45.0 30.3 27.4 25.3 23.7 21.8 20.2 19.1 29

30 Finance companies 98.0 107.6 94.5 75.1 65.5 63.4 60.7 59.1 56.1 54.0 52.3 30

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 666.8 707.5 786.9 840.3 849.3 843.4 839.9 840.9 839.4 838.9 839.9 1

 2 Nonfinancial corporate business 34.4 36.5 38.3 39.7 40.9 41.4 41.2 40.7 40.3 39.7 40.1 2

 3 Nonfarm noncorporate business 607.6 645.9 725.8 775.5 781.5 774.9 771.7 772.6 771.4 772.1 772.6 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 24.8 25.1 22.7 25.1 26.8 27.1 27.1 27.7 27.7 27.1 27.2 5

 6 Total assets 666.8 707.5 786.9 840.3 849.3 843.4 839.9 840.9 839.4 838.9 839.9 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 1.1 0.9 0.6 0.5 0.5 0.5 0.4 0.4 0.4 0.2 0.1 8

 9 Nonfarm noncorporate business 12.3 11.7 14.3 13.3 12.3 12.1 11.9 11.7 11.7 11.6 11.6 9

10 State and local governments 60.8 66.6 69.4 68.3 72.0 73.6 72.9 73.2 73.2 73.6 73.4 10

11 Federal government 14.9 14.8 14.4 14.5 14.7 14.5 14.5 14.3 14.4 14.3 14.1 11

12 U.S.-chartered commercial banks 138.7 157.6 168.4 210.8 207.1 205.6 203.2 200.5 193.7 190.3 189.3 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 4.3 4.0 4.0 4.0 3.8 3.5 3.5 3.2 13

14 Savings institutions 98.4 95.8 92.7 65.2 59.9 60.3 58.7 59.5 61.2 61.2 61.0 14

15 Life insurance companies 42.4 46.1 51.8 51.8 48.5 47.9 47.4 47.4 47.2 47.4 48.1 15

16 Private pension funds 2.1 2.0 2.1 2.4 2.7 3.0 3.3 3.2 3.1 3.1 2.9 16

17 State and local govt. retirement funds 4.9 4.3 2.9 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 17

18 Government-sponsored enterprises 93.0 105.4 147.7 190.2 204.4 249.7 249.2 251.3 256.5 256.1 254.6 18

19 Agency- and GSE-backed mortgage pools 101.3 88.8 88.1 92.8 105.7 56.1 60.1 63.7 66.9 71.3 77.1 19

20 ABS issuers 89.4 103.4 124.0 113.2 107.4 106.5 104.8 102.7 98.7 97.9 96.3 20

21 Finance companies 5.6 5.1 5.1 5.8 5.1 4.7 4.5 4.4 4.1 3.8 3.6 21

22 REITs 1.9 5.0 5.2 4.3 2.3 2.1 2.1 2.0 1.9 1.8 1.8 22
Z.1, September 16, 2011 99

L.220 Commercial Mortgages

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1916.5 2191.4 2448.3 2567.0 2478.4 2446.1 2400.1 2354.8 2317.8 2287.8 2273.3 1

 2 Household sector 205.3 226.5 242.2 253.8 244.7 241.4 236.9 232.6 228.8 227.3 225.8 2

 3 Nonfinancial corporate business 667.6 746.2 789.9 727.2 705.9 692.7 675.0 657.3 633.1 610.5 601.1 3

 4 Nonfarm noncorporate business 923.0 1091.8 1282.2 1447.6 1387.8 1371.9 1347.8 1324.2 1309.8 1300.6 1292.3 4

 5 REITs 120.7 127.0 134.0 138.4 140.1 140.0 140.5 140.7 146.1 149.5 154.1 5

 6 Total assets 1916.5 2191.4 2448.3 2567.0 2478.4 2446.1 2400.1 2354.8 2317.8 2287.8 2273.3 6

 7 Household sector 14.9 17.0 19.1 20.0 19.2 18.8 18.2 17.5 16.7 15.8 14.8 7

 8 Nonfinancial corporate business 26.3 23.0 15.8 13.0 11.7 11.4 11.0 10.7 10.4 10.1 9.8 8

 9 Nonfarm noncorporate business 9.9 9.5 11.5 10.7 9.9 9.7 9.6 9.5 9.4 9.4 9.3 9

10 State and local governments 12.2 13.3 13.9 13.7 14.4 14.7 14.6 14.9 15.2 15.1 15.1 10

11 Federal government 45.2 48.9 51.0 61.4 67.8 65.4 66.0 64.5 64.1 64.9 66.0 11

12 U.S.-chartered commercial banks 949.8 1076.3 1165.3 1276.0 1243.5 1226.9 1204.3 1177.9 1151.0 1131.9 1117.4 12

13 Foreign banking offices in U.S. 20.8 24.9 39.0 32.8 32.9 32.7 31.1 30.4 30.8 29.2 28.7 13

14 Banks in U.S.-affiliated areas 18.8 22.0 19.3 19.7 19.6 19.3 15.7 15.6 15.7 16.1 15.7 14

15 Savings institutions 100.0 112.4 121.5 128.1 123.9 123.6 121.1 120.5 122.2 118.8 116.1 15

16 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 16

17 Life insurance companies 224.3 235.4 252.2 267.1 257.7 254.6 251.8 252.0 251.3 252.1 255.8 17

18 Private pension funds 6.3 6.2 6.8 7.4 8.9 9.5 10.3 9.9 9.7 9.5 9.5 18

19 State and local govt. retirement funds 5.6 4.9 3.3 3.2 3.2 3.2 3.2 3.2 3.2 3.1 3.1 19

20 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 ABS issuers 417.1 515.8 633.6 604.7 563.3 553.5 541.8 529.2 523.3 520.0 520.2 21

22 Finance companies 46.0 51.1 54.0 66.6 64.6 65.2 63.3 61.6 59.5 57.2 54.5 22

23 REITs 16.8 27.1 37.3 37.7 33.4 33.3 34.0 33.2 31.2 30.5 33.0 23

L.221 Farm Mortgages (1)

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

 1 Total liabilities (Farm business) 104.8 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.1 133.9 1

 2 Total assets 104.8 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.1 133.9 2

 3 Household sector 6.7 2.2 -0.0 0.0 -0.9 -0.1 -0.8 -1.3 -1.7 -1.4 -1.7 3

 4 Nonfarm noncorporate business 0.7 0.7 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 4

 5 State and local governments 1.5 1.7 1.0 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 5

 6 Federal government 3.2 3.2 3.3 3.5 3.9 4.0 4.0 4.2 4.3 4.2 4.3 6

 7 U.S.-chartered commercial banks 37.9 40.1 41.9 50.6 50.1 50.5 51.0 51.4 51.9 51.4 51.0 7

 8 Foreign banking offices in U.S. 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Savings institutions 0.6 0.7 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 9

10 Life insurance companies 11.3 12.0 12.8 15.0 13.5 13.3 13.1 12.9 12.8 12.7 12.5 10

11 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Government-sponsored enterprises 42.0 44.2 47.6 58.5 57.9 59.1 60.4 61.6 63.0 62.7 62.2 12

13 Agency- and GSE-backed mortgage pools 0.8 3.2 4.5 4.7 4.5 3.3 3.8 3.8 3.8 3.2 3.2 13

(1) Excludes mortgages on farm houses.
100 Z.1, September 16, 2011

L.222 Consumer Credit

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities (Households) 2320.6 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 1

 2 Total assets 2320.6 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2

 3 Nonfinancial corporate business 59.6 57.6 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 89.8 91.7 98.4 111.0 186.0 209.8 222.6 280.3 316.4 355.2 370.1 5

 6 U.S.-chartered commercial banks 707.0 741.2 804.1 878.6 855.3 1149.2 1133.7 1115.2 1098.7 1058.9 1072.3 6

 7 Savings institutions 109.1 95.5 90.8 86.3 77.5 78.0 80.6 82.1 86.8 84.7 87.4 7

 8 Credit unions 228.6 234.5 235.7 236.2 237.2 228.0 225.8 224.9 226.5 218.1 220.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 609.9 661.1 683.7 646.4 577.9 150.7 144.8 136.6 131.7 122.4 118.9 10

11 Finance companies 516.5 534.4 584.1 575.8 487.8 536.9 527.2 516.3 518.6 509.8 500.8 11

L.223 Trade Credit

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

 1 Total trade payables 3003.6 3195.9 3398.0 3221.5 3157.5 3230.2 3299.5 3364.3 3380.6 3453.8 3517.4 1

 2 Household sector 186.3 199.9 214.5 230.2 241.2 246.3 251.3 254.9 259.3 262.5 265.9 2

 3 Nonfinancial corporate business 1699.4 1813.0 1898.9 1669.0 1579.0 1624.9 1682.2 1732.3 1773.0 1811.2 1873.4 3

 4 Nonfarm noncorporate business 329.4 349.4 378.7 366.8 332.8 326.4 320.8 315.6 313.2 311.4 310.4 4

 5 Farm business 6.3 -0.7 -4.8 17.7 24.2 28.2 27.6 22.9 18.1 26.9 24.6 5

 6 State and local governments 482.0 516.4 553.5 592.7 630.4 639.9 649.5 659.1 668.8 678.6 688.5 6

 7 Federal government 202.7 208.9 238.2 260.8 209.2 222.6 232.1 231.7 231.7 247.9 254.1 7

 8 Rest of the world 54.5 60.7 73.1 63.2 70.6 79.7 84.0 92.7 98.4 96.9 81.4 8

 9 Brokers and dealers 43.1 48.3 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.2 9

10 Total trade receivables 2993.6 3036.7 3285.2 3103.3 3052.5 3113.0 3211.5 3245.4 3192.3 3286.2 3388.0 10

11 Nonfinancial corporate business 2108.2 2090.0 2253.0 2081.1 2114.6 2171.9 2273.0 2311.4 2258.4 2350.8 2450.6 11

12 Nonfarm noncorporate business 430.9 470.9 525.6 522.7 481.9 474.2 467.5 461.3 458.4 456.2 455.0 12

13 State and local governments 144.7 158.5 165.3 162.5 171.5 175.1 173.7 176.8 180.9 180.3 179.7 13

14 Federal government 71.0 59.4 60.6 64.7 43.6 45.0 42.0 42.7 42.9 45.0 45.8 14

15 Rest of the world 56.9 62.8 83.6 90.1 96.7 106.8 114.4 112.0 116.1 115.9 117.6 15

16 Property-casualty insurance companies 82.1 87.0 85.4 86.7 83.0 84.8 86.7 87.1 83.8 84.4 88.2 16

17 ABS issuers 99.8 108.3 111.7 95.5 61.3 55.1 54.1 54.2 51.8 53.6 51.1 17

18 Discrepancy 10.0 159.2 112.8 118.2 105.0 117.2 88.1 118.9 188.3 167.6 129.3 18

L.224 Security Credit

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

 1 Total liabilities 1038.4 1249.9 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1330.3 1

 2 Household sector 232.4 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 806.0 957.8 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1017.4 4

 5 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 5

 6 From U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 6

 7 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 96.6 7

 8 Total assets 1038.4 1249.9 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1330.3 8

 9 Household sector 575.3 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 11

12 Foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 96.6 12

13 Brokers and dealers 232.4 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 13
Z.1, September 16, 2011 101

L.225 Life Insurance and Pension Fund Reserves

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 Life insurance reserves:

 1 Total liabilities 1082.6 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1

 2 Federal government 42.7 44.2 45.4 46.4 47.5 47.4 47.6 47.8 48.4 48.5 48.9 2

 3 Life insurance companies 1039.9 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 3

 4 Total assets (Households) 1082.6 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 4

 Pension fund reserves:

 5 Total liabilities 11460.1 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12332.0 13102.3 13498.0 13423.9 5

 6 Life insurance companies 2197.4 2332.4 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2566.0 2587.2 6

 7 Private pension funds (1) 5427.8 6120.5 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6148.3 6377.6 6382.8 7

 8 State and local govt. retirement funds 2763.4 3156.6 3297.9 2414.7 2759.8 2856.7 2641.4 2815.4 3024.0 3131.3 3112.7 8

 9 Federal government retirement funds (2) 1071.5 1141.1 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 9

10 Total assets (Households) (3) 11460.1 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12332.0 13102.3 13498.0 13423.9 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 214.5 237.0 167.7 44.0 39.0 48.7 43.2 53.6 51.2 77.1 65.0 1

 2 Nonfinancial corporate business 86.2 85.4 35.8 39.0 35.7 49.5 43.9 47.3 39.3 57.4 47.1 2

 3 Nonfarm noncorporate business 86.7 95.7 99.5 106.2 98.4 96.9 95.6 94.4 93.9 93.5 93.2 3

 4 U.S.-chartered commercial banks 25.8 24.7 11.1 -74.6 -67.5 -73.6 -64.6 -64.8 -60.6 -56.4 -51.2 4

 5 Savings institutions 3.6 3.3 1.3 1.0 1.3 1.6 1.1 1.0 1.0 1.5 0.9 5

 6 Property-casualty insurance companies -1.6 9.4 7.0 -21.1 -15.8 -12.6 -19.1 -15.7 -10.1 -7.9 -13.1 6

 7 Life insurance companies -5.3 -1.3 -4.7 -24.4 -31.4 -30.0 -30.6 -27.7 -28.8 -27.9 -29.1 7

 8 Finance companies 16.9 17.0 15.5 15.4 12.7 12.6 12.6 12.8 12.9 12.8 12.8 8

 9 Brokers and dealers 2.1 2.8 2.2 2.5 5.7 4.4 4.4 6.4 3.6 4.2 4.3 9

10 Total business taxes receivable 232.6 285.1 342.5 389.3 416.1 420.9 429.9 442.4 448.9 458.2 466.8 10

11 State and local governments 141.0 189.0 237.5 269.8 280.9 281.8 286.9 295.5 298.0 303.5 308.2 11

12 Federal government 91.6 96.1 105.0 119.4 135.1 139.1 143.0 146.9 150.8 154.8 158.7 12

13 Discrepancy -18.1 -48.1 -174.8 -345.3 -377.0 -372.2 -386.7 -388.8 -397.7 -381.1 -401.9 13

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 7965.5 8893.6 8755.8 7147.8 6241.7 6364.7 6685.4 6399.5 6818.5 6847.5 6845.4 1

 2 Nonfarm noncorporate business 6585.4 7410.0 7164.2 5628.5 4728.3 4857.1 5164.9 4858.8 5237.8 5216.9 5181.9 2

 3 Farm business 1368.3 1473.8 1579.9 1509.8 1501.3 1493.4 1506.4 1527.6 1567.0 1617.3 1651.7 3

 4 Brokers and dealers 11.7 9.8 11.6 9.5 12.1 14.2 14.0 13.0 13.8 13.3 11.8 4
102 Z.1, September 16, 2011

L.228 Total Miscellaneous Financial Claims

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 14386.4 15766.6 17619.2 20102.4 19907.9 19939.0 20736.6 20487.3 20815.9 20801.5 20933.0 1

 2 Household sector 22.4 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 2

 3 Nonfinancial corporate business 3887.3 3940.0 4235.4 4510.3 4382.3 4379.4 4361.2 4371.4 4395.2 4388.9 4325.1 3

 4 Nonfarm noncorporate business 861.2 1006.1 1100.0 1214.3 1326.0 1370.7 1392.8 1396.3 1395.1 1406.2 1405.3 4

 5 Federal government 963.7 1017.2 1094.2 1183.5 1261.6 1243.8 1249.1 1269.6 1349.4 1335.1 1242.0 5

 6 Rest of the world 3468.1 4151.0 4942.4 5813.9 5669.2 5747.8 6396.8 5924.2 6323.8 6336.6 6473.0 6

 7 Monetary authority 15.3 18.5 21.0 23.1 29.2 28.7 31.6 29.7 58.4 29.3 27.0 7

 8 U.S.-chartered commercial banks 964.0 1026.2 1103.1 1258.1 1409.2 1425.2 1513.7 1590.5 1518.2 1510.8 1590.6 8

 9 Foreign banking offices in U.S. 263.8 154.8 299.6 849.4 431.3 433.4 533.8 628.8 438.7 522.1 586.7 9

10 Bank holding companies 216.0 294.4 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 10

11 Banks in U.S.-affiliated areas 42.2 37.7 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 11

12 Savings institutions 60.5 80.2 102.4 72.3 21.8 22.4 20.3 20.5 20.2 20.5 19.6 12

13 Credit unions 11.9 9.2 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.0 13

14 Property-casualty insurance companies 759.3 815.7 811.1 811.0 832.6 831.2 839.9 844.6 844.6 845.8 858.0 14

15 Life insurance companies 824.0 925.9 1010.6 905.0 985.6 1012.6 1049.3 1074.7 1089.8 1115.1 1108.4 15

16 Government-sponsored enterprises 141.8 153.4 171.1 208.2 270.4 222.3 171.8 137.3 154.6 140.5 137.7 16

17 Finance companies 702.8 715.7 654.4 664.8 573.6 571.0 568.7 570.4 561.7 550.0 556.7 17

18 REITs 55.3 63.0 67.6 64.9 51.1 65.0 68.9 67.6 59.3 61.8 64.6 18

19 Brokers and dealers 405.5 519.5 558.4 441.4 460.1 478.5 447.8 477.1 497.5 493.7 511.0 19

20 Funding corporations 721.4 815.1 1065.9 1605.9 1589.6 1503.0 1484.3 1474.6 1539.4 1464.0 1448.8 20

21 Total assets 19674.5 22286.7 24729.5 24801.6 25231.6 25287.9 25860.5 25967.2 26169.8 26180.1 26491.3 21

22 Household sector 608.7 646.1 712.2 766.3 787.1 788.0 798.1 811.5 830.0 831.9 834.3 22

23 Nonfinancial corporate business 8162.9 8924.7 9866.4 9346.7 9708.1 9874.2 9921.0 10055.5 10307.4 10389.7 10439.3 23

24 Nonfarm noncorporate business 1265.5 1644.4 1972.8 2079.4 1917.1 1886.7 1860.0 1835.1 1823.6 1815.2 1810.3 24

25 Farm business 44.5 48.6 52.0 53.8 55.5 55.8 56.0 56.3 56.6 57.3 58.1 25

26 State and local governments 30.0 -10.5 -11.6 4.5 24.0 53.7 75.5 90.4 102.0 106.5 114.7 26

27 Federal government 133.7 136.8 138.7 110.8 145.8 147.2 130.5 136.8 141.4 141.0 142.8 27

28 Rest of the world 3177.5 3977.7 4484.6 4138.7 4116.0 4095.0 4600.2 4449.5 4570.8 4459.1 4658.0 28

29 Monetary authority 18.1 17.0 40.5 569.8 75.9 68.2 68.6 67.2 83.1 92.8 105.0 29

30 U.S.-chartered commercial banks 760.8 783.4 884.8 1229.7 1058.9 1022.3 1063.5 1032.4 982.4 987.4 988.2 30

31 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.8 139.2 129.0 224.1 189.8 141.9 180.2 250.8 31

32 Bank holding companies 1491.6 1724.4 1823.6 2005.7 2801.1 2773.8 2811.8 2864.3 2740.9 2784.8 2789.3 32

33 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 12.1 33

34 Savings institutions 107.9 109.3 115.5 90.0 83.8 82.7 80.4 78.9 75.8 77.6 76.7 34

35 Credit unions 24.2 24.9 35.9 44.2 50.6 43.5 40.8 47.9 53.4 54.5 56.2 35

36 Property-casualty insurance companies 103.3 105.5 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 144.1 36

37 Life insurance companies 262.1 303.3 342.9 380.1 357.6 361.9 389.4 389.0 360.3 330.8 352.3 37

38 Private pension funds 480.2 532.5 567.1 426.5 533.3 545.5 517.2 541.5 563.5 570.8 567.4 38

39 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 39

40 Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 40

41 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 54.8 58.1 60.9 66.9 65.2 64.0 41

42 Mutual funds 10.7 14.0 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 5.5 42

43 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 43

44 Finance companies 46.7 16.4 18.2 30.0 61.9 45.3 52.2 46.5 46.0 53.5 57.6 44

45 REITs 51.9 59.7 55.4 54.6 46.1 48.6 54.5 58.8 53.5 56.9 60.6 45

46 Brokers and dealers 1202.6 1599.4 1633.7 1105.7 1141.0 1148.1 1047.3 1062.2 1025.3 1005.5 1022.2 46

47 Funding corporations 602.8 633.9 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 47

48 Discrepancy -5288.1 -6520.1 -7110.3 -4699.2 -5323.7 -5348.9 -5123.9 -5479.9 -5353.9 -5378.6 -5558.2 48
Z.1, September 16, 2011 103

L.229 Identified Miscellaneous Financial Claims - Part I

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2651.7 2948.2 3553.1 3748.5 4067.5 4184.1 4260.2 4345.7 4429.4 4528.1 4669.9 1

 2 Asset: Nonfinancial corporate business 2205.7 2440.7 2892.9 3011.1 3294.0 3404.4 3471.6 3545.5 3585.2 3681.6 3811.0 2

 3 U.S.-chartered commercial banks 104.9 95.9 150.3 201.5 241.2 239.3 243.2 243.9 257.1 259.1 260.6 3

 4 Property-casualty insurance companies 103.3 105.5 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 144.1 4

 5 Life insurance companies 19.1 20.0 25.6 25.0 28.1 28.7 29.8 30.1 32.1 32.2 33.4 5

 6 Finance companies 17.7 42.0 177.9 221.0 204.9 203.8 207.1 212.0 224.6 225.3 229.6 6

 7 Brokers and dealers 201.1 244.1 185.3 187.4 171.4 178.0 179.9 182.3 187.4 189.3 191.2 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1549.4 1722.7 1961.9 2050.3 2025.8 2070.8 2099.2 2166.0 2175.2 2199.5 2241.4 8

 9 Nonfarm noncorporate business 3.3 3.6 3.6 3.6 4.0 4.3 4.3 4.3 4.3 4.3 4.3 9

10 Foreign banking offices in U.S. 130.2 135.4 94.2 71.7 104.9 108.3 110.6 113.1 111.3 115.2 116.5 10

11 Property-casualty insurance companies 60.1 99.9 76.6 51.2 77.8 77.3 79.3 79.5 83.5 85.1 84.1 11

12 Life insurance companies 65.8 71.3 68.7 60.3 68.9 70.3 71.7 73.3 86.8 81.8 82.4 12

13 Finance companies 38.8 51.1 68.6 78.1 75.0 75.3 75.7 77.3 83.6 84.7 87.7 13

14 Brokers and dealers 49.9 61.0 62.6 72.1 74.5 75.7 76.9 87.7 103.0 104.7 109.2 14

15 Funding corporations 8.4 9.0 9.6 10.2 10.8 11.0 11.1 11.3 11.4 11.6 11.7 15

16 Asset: Rest of the world 1906.0 2154.1 2345.9 2397.4 2441.7 2492.9 2528.7 2612.6 2658.9 2686.7 2737.2 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 43.2 45.3 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 17

18 Asset: Federal government 43.2 45.3 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 13.5 15.3 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 19

20 Asset: U.S.-chartered commercial banks 13.5 15.3 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 46.7 46.9 56.0 51.8 51.8 51.0 50.5 50.6 49.0 48.6 44.2 21

22 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Nonfarm noncorporate (Farm Credit System) 1.8 1.9 2.2 4.8 4.8 4.8 5.0 5.0 4.8 4.8 4.9 23

24 Farm business (Farm Credit System) 2.8 3.0 3.6 2.0 2.0 2.1 1.9 2.2 2.5 2.6 2.5 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 U.S.-chartered commercial banks (FHLB) 20.2 22.9 26.7 25.6 24.7 24.1 23.7 24.0 22.9 23.1 18.0 26

27 Savings institutions (FHLB) 18.5 15.6 18.8 13.4 15.0 15.0 14.8 14.0 13.8 13.2 14.0 27

28 Credit unions (FHLB) 1.8 1.9 2.5 2.8 2.4 2.4 2.4 2.4 2.2 2.2 2.0 28

29 Life insurance companies (FHLB) 1.6 1.6 2.2 3.2 2.9 2.8 2.9 2.9 2.9 2.9 2.7 29

 BHC investment in subsidiaries:

30 Liab.: U.S.-chartered commercial banks 897.0 1067.0 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 30

31 Savings institutions 22.7 10.7 10.9 13.4 24.0 24.0 23.7 24.3 23.0 23.2 22.6 31

32 Life insurance companies 35.6 38.3 43.7 31.2 40.5 43.2 46.9 50.8 62.7 64.5 67.4 32

33 Finance companies 195.2 198.5 239.9 232.6 209.3 181.5 179.0 178.3 173.1 167.4 174.2 33

34 Brokers and dealers 130.5 159.9 49.9 109.2 635.3 659.0 661.0 683.2 634.6 645.1 586.9 34

35 Asset: Bank holding companies 1281.0 1474.4 1542.2 1630.9 2322.6 2316.1 2342.2 2389.0 2260.2 2259.0 2250.7 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 117.0 140.1 81.5 80.5 71.2 95.9 94.6 94.2 91.5 90.1 93.8 36

37 Asset: Nonfinancial corporate business 117.0 140.1 81.5 80.5 71.2 95.9 94.6 94.2 91.5 90.1 93.8 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 188.8 197.3 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 38

39 Brokers and dealers 414.0 436.5 510.5 516.9 523.2 522.5 514.8 531.0 508.2 518.5 539.7 39

40 Asset: Funding corporations 602.8 633.9 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 40

 Equity investment under Public-Private Inv. Program:

41 Liab.: Funding corporations 0.0 0.0 0.0 0.0 1.8 4.2 6.2 7.1 7.7 7.8 8.3 41

42 Asset: Households (1) 0.0 0.0 0.0 0.0 0.9 2.1 3.1 3.6 3.8 3.9 4.1 42

43 Federal government 0.0 0.0 0.0 0.0 0.9 2.1 3.1 3.6 3.8 3.9 4.1 43

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
104 Z.1, September 16, 2011

L.230 Identified Miscellaneous Financial Claims - Part II

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.6 0.6 24.5 554.2 10.9 0.7 2.1 0.9 0.8 0.7 1.0 1

 2 Asset: Federal government 0.6 0.6 0.5 0.5 0.7 0.7 0.8 0.9 0.8 0.7 1.0 2

 3 Monetary authority (1) 0.0 0.0 24.0 553.7 10.3 0.0 1.2 0.1 0.1 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.2 19.0 20.9 15.5 15.9 21.1 17.8 19.7 14.4 15.0 14.1 6

 7 Asset: Savings institutions 19.2 19.0 20.9 15.5 15.9 21.1 17.8 19.7 14.4 15.0 14.1 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.4 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 8

 9 Asset: Life insurance companies 22.4 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 217.3 232.1 247.6 265.2 273.6 275.0 280.0 286.7 288.4 291.2 293.8 10

11 Accident and health 138.3 149.8 163.3 182.7 192.4 192.8 196.9 203.1 207.1 208.9 213.2 11

12 Policy dividend accumulation 42.7 43.5 43.7 40.4 39.2 39.1 38.8 39.1 39.7 39.9 38.6 12

13 Contract claims 36.3 38.8 40.6 42.1 42.0 43.0 44.3 44.4 41.6 42.4 41.9 13

14 Asset: Household sector 217.3 232.1 247.6 265.2 273.6 275.0 280.0 286.7 288.4 291.2 293.8 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 753.9 760.6 765.1 761.2 760.7 773.9 15

16 Asset: Household sector 316.0 320.5 327.3 337.3 332.2 331.5 334.5 336.8 334.8 333.9 339.9 16

17 Nonfinancial corporate business 276.2 282.7 290.1 300.0 298.2 297.8 300.4 302.2 300.7 300.5 305.7 17

18 Nonfarm noncorporate business 65.3 66.9 68.6 70.7 71.0 70.9 71.5 71.9 71.6 71.5 72.7 18

19 Farm business 41.7 45.6 48.5 51.8 53.5 53.7 54.1 54.1 54.1 54.8 55.6 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 338.4 387.9 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.3 470.3 20

21 Asset: Private pension funds 338.4 387.9 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.3 470.3 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 44.8 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 22

23 Asset: Private pension funds 44.8 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 23

 Securities borrowed (net):

24 Liab.: Funding corporations 939.7 1242.3 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.5 726.4 24

25 Asset: Brokers and dealers 939.7 1242.3 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.5 726.4 25

 Nonmarketable government securities:

26 Liab.: Federal government 882.9 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 26

27 Asset: Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 27

 Retiree health care funds (2):

28 Liab.: Federal government 75.4 93.5 137.3 163.8 180.4 179.3 180.5 184.4 202.9 202.8 196.5 28

29 Asset: Household sector 75.4 93.5 137.3 163.8 180.4 179.3 180.5 184.4 202.9 202.8 196.5 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
Z.1, September 16, 2011 105

L.231 Unidentified Miscellaneous Financial Claims

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

2005 2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 4484.7 4633.1 5364.2 7277.1 6494.4 6362.3 7156.3 6583.8 6885.1 6740.2 6742.2 1

 2 Nonfinancial corporate business 2293.1 2174.5 2226.2 2412.1 2306.0 2258.7 2212.4 2156.0 2170.8 2140.3 2034.7 2

 3 Nonfarm noncorporate business 857.9 1002.5 1096.4 1210.7 1322.0 1366.4 1388.5 1392.1 1390.8 1401.9 1401.0 3

 4 Federal government 5.4 5.1 4.9 4.3 4.0 3.9 3.8 3.7 3.6 3.5 3.4 4

 5 Rest of the world 772.6 1157.1 1318.0 1462.8 1540.8 1512.6 2082.9 1525.5 1841.2 1754.9 1747.8 5

 6 Monetary authority 1.8 3.2 2.5 2.1 3.6 2.5 5.0 3.0 31.9 3.0 0.5 6

 7 U.S.-chartered commercial banks 67.1 -40.9 -94.7 13.6 -4.4 16.7 82.1 138.1 151.4 152.0 191.0 7

 8 Foreign banking offices in U.S. -55.1 -177.9 -35.6 501.1 123.2 135.9 272.8 338.6 155.9 218.0 296.8 8

 9 Bank holding companies 216.0 294.4 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 9

10 Banks in U.S.-affiliated areas 42.2 37.7 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 10

11 Savings institutions 37.8 69.5 91.5 58.9 -2.2 -1.6 -3.4 -3.8 -2.8 -2.8 -3.1 11

12 Credit unions 11.9 9.2 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.0 12

13 Life insurance companies 166.9 196.3 219.3 230.8 189.8 194.3 242.7 230.2 194.4 206.4 194.6 13

14 Government-sponsored enterprises 75.9 87.6 94.3 141.0 202.8 150.2 103.5 67.0 91.2 76.8 79.4 14

15 Finance companies 351.8 326.0 264.4 273.7 218.1 218.3 219.4 220.6 213.5 207.7 201.0 15

16 REITs 55.3 63.0 67.6 64.9 51.1 65.0 68.9 67.6 59.3 61.8 64.6 16

17 Brokers and dealers -188.9 -137.9 -64.6 -256.8 -773.0 -778.6 -804.8 -824.9 -748.2 -774.6 -724.8 17

18 Funding corporations -226.8 -436.2 -183.9 708.6 720.2 638.7 701.4 682.8 787.0 735.1 702.3 18

19 Total assets 9772.9 11153.2 12474.6 11976.3 11818.1 11711.2 12280.2 12063.7 12239.0 12118.8 12300.4 19

20 Nonfinancial corporate business 5564.0 6061.1 6601.9 5955.2 6044.8 6076.2 6054.4 6113.6 6330.1 6317.6 6228.8 20

21 Nonfarm noncorporate business 1198.4 1575.6 1902.0 2003.9 1841.4 1811.1 1783.5 1758.2 1747.2 1738.9 1732.7 21

22 State and local governments 30.0 -10.5 -11.6 4.5 24.0 53.7 75.5 90.4 102.0 106.5 114.7 22

23 Federal government 89.9 91.0 91.4 62.0 94.3 94.0 74.8 80.3 84.5 83.6 83.3 23

24 Rest of the world 1271.5 1823.7 2138.7 1741.3 1674.3 1602.1 2071.5 1836.9 1911.9 1772.4 1920.8 24

25 Monetary authority 18.1 17.0 16.5 16.1 65.6 68.2 67.3 67.1 83.0 92.8 105.0 25

26 U.S.-chartered commercial banks 622.2 649.3 689.4 981.5 767.3 732.7 770.1 737.8 675.9 679.0 683.1 26

27 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.8 139.2 129.0 224.1 189.8 141.9 180.2 250.8 27

28 Bank holding companies 210.6 250.0 281.4 374.8 478.5 457.7 469.6 475.2 480.6 525.8 538.6 28

29 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 12.1 29

30 Savings institutions 70.2 74.7 75.7 61.1 52.9 46.6 47.8 45.1 47.6 49.5 48.6 30

31 Credit unions 22.4 23.0 33.4 41.5 48.3 41.1 38.4 45.5 51.2 52.3 54.2 31

32 Life insurance companies 219.0 258.9 291.2 324.9 304.5 305.8 331.2 333.4 300.6 270.5 290.6 32

33 Private pension funds 97.0 101.8 88.6 61.0 70.0 65.7 59.6 58.4 56.8 50.4 48.1 33

34 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 34

35 Mutual funds 10.7 14.0 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 5.5 35

36 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 54.8 58.1 60.9 66.9 65.2 64.0 36

37 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 37

38 Finance companies 29.0 -25.6 -159.7 -191.0 -143.0 -158.5 -154.9 -165.5 -178.6 -171.8 -172.0 38

39 REITs 51.9 59.7 55.4 54.6 46.1 48.6 54.5 58.8 53.5 56.9 60.6 39

40 Brokers and dealers 61.8 113.0 208.1 31.3 112.9 121.0 101.9 106.4 104.6 106.6 104.5 40

41 Discrepancy -5288.1 -6520.1 -7110.3 -4699.2 -5323.7 -5348.9 -5123.9 -5479.9 -5353.9 -5378.6 -5558.2 41