108 Z.1, June 11, 2009

F.100.a Nonprofit Organizations (1)

Billions of dollars

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

23 Bank loans n.e.c. 0.2 -5.2 -1.1 -2.8 2.4 5.0 6.4 8.9 0.2 4.8 1.2 -6.2 0.1 23

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

25 Commercial mortgages 5.8 13.8 9.7 12.9 5.4 7.7 -7.4 -9.6 4.7 -1.2 10.5 9.3 13.7 25

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

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

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

(2) Not included in table F.100.
Z.1, June 11, 2009 109

L.100.a Nonprofit Organizations (1)

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

22 Bank loans n.e.c. 15.5 10.3 9.2 6.4 8.8 13.8 19.9 28.8 29.0 34.1 35.3 30.2 30.3 22

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

24 Commercial mortgages 59.0 72.8 82.5 95.5 100.9 108.5 101.5 91.9 96.6 95.1 105.6 113.7 127.5 24

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

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

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

(2) Not included in table L.100.
110 Z.1, June 11, 2009

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2003 2004 2005 2006 2007 2008 2008 2009

 Q1 Q2 Q3 Q4 Q1

 1 Current receipts, NIPA basis 3035.6 3254.1 3620.4 3963.8 4177.8 4116.2 4215.6 4049.9 4154.1 4045.3 3870.8 1

 2 Personal current taxes 1001.1 1046.3 1207.8 1353.2 1492.8 1457.3 1535.0 1346.1 1470.7 1477.4 1276.7 2

 3 Taxes on production and imports 807.2 863.8 928.2 976.2 1015.5 1033.8 1025.8 1039.4 1044.1 1026.1 1014.8 3

 4 Taxes on corporate income 233.1 293.3 397.2 449.7 426.3 338.7 375.8 378.9 365.2 235.0 268.9 4

 5 Taxes from the rest of the world 8.9 10.0 12.1 13.4 14.0 15.5 15.3 14.8 15.2 16.5 14.0 5

 6 Contributions for govt. social insurance 778.6 828.8 874.3 925.5 965.1 995.7 992.2 995.4 1000.0 995.2 993.9 6

 7 Income receipts on assets 95.8 99.1 109.8 120.4 129.5 135.5 132.7 135.6 135.7 138.1 139.9 7

 8 Current transfer receipts 109.2 117.0 104.3 134.2 142.6 147.8 145.9 147.4 131.2 166.6 174.2 8

 9 Current surplus of government enterprises 1.7 -4.2 -13.4 -8.6 -7.9 -8.1 -7.1 -7.7 -8.0 -9.6 -11.6 9

10 Current expenditures, NIPA basis 3428.1 3623.2 3882.6 4118.8 4396.7 4721.3 4598.7 4766.3 4801.7 4718.4 4775.4 10

11 Consumption expenditures 1736.5 1844.0 1957.5 2081.5 2212.0 2386.4 2324.3 2380.9 2439.8 2400.5 2388.0 11

12 Government social benefits 1319.5 1399.1 1485.0 1581.4 1685.0 1838.1 1749.5 1897.6 1834.9 1870.3 1959.1 12

13 Other current transfer payments 23.6 26.2 35.5 29.6 36.3 35.9 44.0 32.6 31.9 35.0 26.8 13

14 Interest payments 300.6 309.3 345.3 376.5 411.1 410.2 430.3 404.4 444.8 361.3 351.0 14

15 Subsidies 47.9 44.6 59.3 49.7 52.3 50.7 50.6 50.8 50.3 51.2 50.5 15

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

17 Net government saving, NIPA basis -392.5 -369.1 -262.2 -155.0 -218.9 -605.1 -383.1 -716.4 -647.6 -673.1 -904.6 17

18 + Consumption of fixed capital 218.2 230.2 252.3 268.0 289.4 309.2 300.5 305.7 312.1 318.4 322.8 18

19 - Insurance and pension fund reserves (2) -0.6 0.0 0.7 0.1 0.1 -0.6 -2.7 0.5 -1.6 1.4 0.8 19

20 + Net capital transfers (3) 11.2 13.6 12.0 14.8 2.7 -1.0 -0.3 0.4 -1.5 -2.5 -4.0 20

21 = Gross saving and net capital transfers -162.5 -125.3 1.4 127.7 73.0 -296.2 -80.2 -410.8 -335.4 -358.5 -586.6 21

22 Gross investment -179.9 -85.8 39.1 168.5 75.0 -292.9 -104.3 -213.8 -392.2 -461.3 -674.0 22

23 Fixed investment 356.0 372.8 397.8 426.7 462.8 496.0 473.9 492.8 506.3 510.9 495.4 23

24 Nonproduced nonfinancial assets 10.7 10.6 9.0 -3.7 9.7 -16.0 3.3 -81.6 4.4 10.1 10.4 24

25 Net financial investment -546.6 -469.2 -367.6 -254.4 -397.5 -772.9 -581.5 -625.0 -902.8 -982.3 -1179.8 25

26 Net acquisition of financial assets 103.5 89.4 147.8 148.8 157.4 661.0 67.2 -70.7 1288.0 1359.5 397.4 26

27 Gold, SDRs, and official foreign exchange -1.8 -3.1 -14.4 -2.7 -0.4 4.2 0.4 4.5 -0.3 12.3 3.6 27

28 Checkable deposits and currency 16.2 -37.2 22.5 2.5 23.5 322.4 -6.8 -32.8 1268.3 61.1 -352.8 28

29 Time and savings deposits -4.9 11.6 11.8 26.4 37.3 17.9 17.1 -6.8 9.1 52.1 62.0 29

30 Money market fund shares 4.0 3.9 5.1 6.8 4.9 2.1 -1.1 -1.2 1.1 9.7 -13.0 30

31 Security RPs 7.9 7.7 10.0 13.5 9.7 -15.4 -2.2 -21.3 -87.9 49.6 -40.0 31

32 Credit market instruments 46.0 49.5 60.1 88.5 32.6 -12.9 -66.9 -21.4 -12.3 49.2 253.5 32

33 Open market paper 10.3 10.1 13.1 17.6 -7.3 -71.4 -66.9 -17.8 -77.2 -123.6 -24.7 33

34 Agency- and GSE-backed securities (4) 22.5 21.9 28.4 38.3 14.6 44.0 -6.3 -11.9 59.2 134.9 180.6 34

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

36 Corporate and foreign bonds 7.1 6.9 9.0 12.1 8.8 -3.6 -2.0 -5.0 1.9 -9.4 3.6 36

37 Mortgages 6.0 9.9 13.1 18.2 12.3 -0.4 -0.3 0.2 -1.1 -0.4 6.0 37

38 Consumer credit 1.9 3.7 3.7 1.9 6.7 12.6 10.6 10.1 4.2 25.5 31.2 38

39 Other loans and advances (5) -2.1 -3.3 -7.7 -0.0 -2.9 6.1 -1.9 3.0 0.6 22.5 56.6 39

40 Corporate equities -17.0 -4.2 2.5 -4.4 2.4 273.1 43.7 -2.6 -8.4 1059.7 365.9 40

41 Mutual fund shares -5.2 -1.3 0.8 -1.3 0.7 8.0 13.4 12.1 -6.1 12.7 27.7 41

42 Trade receivables 27.2 18.4 19.4 14.2 10.2 -4.3 -0.2 -11.3 5.6 -11.3 8.5 42

43 Taxes receivable 41.6 48.7 67.2 34.6 19.1 32.1 51.4 17.0 61.5 -1.5 74.3 43

44 Miscellaneous assets -10.6 -4.6 -37.0 -29.3 17.3 33.7 18.6 -6.9 57.4 65.9 7.7 44

45 Net increase in liabilities 650.0 558.6 515.5 403.2 555.0 1433.9 648.7 554.3 2190.8 2341.7 1577.2 45

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

47 Treasury currency 0.6 0.7 0.8 0.6 0.7 -0.8 -0.9 -0.5 -1.2 -0.8 -0.0 47

48 Credit market instruments 506.5 452.1 385.7 298.5 407.8 1287.5 526.5 358.9 2065.8 2198.8 1539.5 48

49 Savings bonds 8.9 0.6 0.7 -2.7 -6.0 -2.4 -4.2 -1.1 -1.3 -3.0 -0.3 49

50 Other Treasury securities (6) 380.0 337.0 214.3 150.9 228.9 1250.1 452.4 340.1 1998.4 2209.7 1435.2 50

51 Budget agency securities -2.4 -0.6 -0.4 -0.3 -0.4 0.2 1.3 0.3 -1.7 1.0 -3.2 51

52 Municipal securities 120.0 115.1 171.1 150.6 185.3 39.6 77.1 19.7 70.5 -8.9 107.8 52

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

54 Trade payables 101.6 45.5 65.1 40.6 67.1 34.5 70.8 90.4 21.2 -44.5 34.2 54

55 Insurance reserves 1.1 1.1 1.1 1.5 1.2 1.0 -0.3 2.0 -0.4 2.8 -0.2 55

56 Miscellaneous liabilities (7) 40.3 59.2 62.8 62.1 78.2 111.7 52.6 103.5 105.4 185.5 3.7 56

57 Discrepancy 17.5 -39.5 -37.7 -40.8 -1.9 -3.4 24.1 -197.1 56.8 102.7 87.4 57

 Memo:

58 Net govt. saving less fixed investment (8) -748.4 -741.9 -660.0 -581.6 -681.8 -1101.0 -857.0 -1209.3 -1153.9 -1184.0 -1400.0 58

59 Adjustment between NIPA and FOF (9) 212.1 272.2 291.5 326.1 283.0 326.8 273.7 583.0 249.8 200.6 218.2 59

60 Items to be financed (10) -536.3 -469.7 -368.5 -255.5 -398.8 -774.3 -583.3 -626.3 -904.2 -983.4 -1181.8 60

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

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

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

(3) Table F.9, line 1 plus the portion of line 7 that is to financial businesses.

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

(5) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.

(8) Line 17 less line 23.

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

(10) Line 57 plus line 58.
Z.1, June 11, 2009 111

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

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

2003 2004 2005 2006 2007 2008 2008 2009

 Q1 Q2 Q3 Q4 Q1

 1 Total financial assets 2164.0 2239.9 2369.4 2557.4 2753.5 3295.4 2743.5 2753.3 3063.9 3295.4 3291.8 1

 2 Gold, SDRs, and official foreign exchange 55.2 54.5 35.3 34.5 36.4 41.9 39.3 39.0 37.6 41.9 40.4 2

 3 Checkable deposits and currency 102.6 64.1 89.3 90.7 112.6 433.4 94.0 105.0 423.3 433.4 332.7 3

 4 Time and savings deposits 161.4 173.0 184.8 211.2 248.5 266.4 250.6 244.3 249.1 266.4 279.2 4

 5 Money market fund shares 62.7 66.6 71.7 78.5 83.5 85.6 83.2 82.9 83.2 85.6 82.4 5

 6 Security RPs 123.5 131.2 141.2 154.6 164.3 148.9 163.8 158.5 136.5 148.9 138.9 6

 7 Credit market instruments 1025.4 1074.9 1135.0 1223.6 1256.2 1243.3 1242.0 1235.1 1233.3 1243.3 1309.3 7

 8 Open market paper 161.6 171.7 184.8 202.4 195.2 123.8 178.4 174.0 154.7 123.8 117.6 8

 9 Agency- and GSE-backed securities (1) 351.2 373.2 401.6 439.9 454.6 498.5 453.0 450.0 464.8 498.5 543.7 9

10 Municipal securities 4.4 4.7 5.0 5.5 5.8 5.7 5.8 5.8 5.8 5.7 5.8 10

11 Corporate and foreign bonds 111.3 118.2 127.2 139.4 148.1 144.5 147.6 146.4 146.9 144.5 145.4 11

12 Mortgages 206.7 216.6 229.7 247.9 260.2 259.8 260.2 260.2 259.9 259.8 261.3 12

13 Consumer credit 82.4 86.1 89.8 91.7 98.4 111.0 103.5 104.6 106.9 111.0 121.4 13

14 Other loans and advances (2) 107.8 104.5 96.8 96.8 93.9 100.0 93.4 94.2 94.3 100.0 114.1 14

15 Corporate equities 84.7 90.0 96.8 106.0 112.7 271.5 112.3 109.5 97.4 271.5 289.9 15

16 Mutual fund shares 25.9 27.5 29.6 32.5 34.5 27.5 34.4 36.7 31.8 27.5 31.5 16

17 Trade receivables 177.8 196.2 215.6 229.8 239.9 235.6 239.0 237.9 238.1 235.6 236.5 17

18 Taxes receivable 165.0 190.3 235.3 290.5 342.0 385.3 355.0 369.3 384.5 385.3 390.0 18

19 Miscellaneous assets 180.0 171.6 134.8 105.6 122.9 155.8 130.0 135.0 149.2 155.8 161.1 19

20 Total liabilities 6709.7 7267.0 7764.2 8161.6 8717.0 10150.6 8961.6 8969.6 9524.9 10150.6 10636.9 20

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

22 Treasury currency 26.0 26.7 27.5 28.1 28.7 27.9 28.5 28.4 28.1 27.9 27.9 22

23 Credit market instruments 5226.8 5678.8 6064.5 6363.0 6770.8 8058.3 7000.9 6964.7 7480.0 8058.3 8550.2 23

24 Savings bonds 203.8 204.4 205.1 202.4 196.4 194.0 195.3 194.9 194.2 194.0 193.9 24

25 Other Treasury securities (3) 3440.2 3777.2 3991.5 4142.4 4371.3 5621.5 4580.2 4533.5 5047.7 5621.5 6084.2 25

26 Budget agency securities 24.9 24.3 23.8 23.5 23.1 23.3 23.5 23.5 23.1 23.3 22.5 26

27 Municipal securities 1557.9 1673.0 1844.1 1994.7 2179.9 2219.5 2202.0 2212.8 2215.1 2219.5 2249.6 27

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

29 Trade payables 570.6 616.1 681.2 721.8 788.9 823.4 808.4 834.8 840.3 823.4 833.6 29

30 Insurance reserves 40.5 41.6 42.7 44.2 45.4 46.4 45.3 45.8 45.7 46.4 46.3 30

31 Miscellaneous liabilities (4) 843.6 901.6 946.1 1002.4 1081.0 1192.4 1076.3 1093.8 1128.6 1192.4 1176.6 31

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
112 Z.1, June 11, 2009

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

 

 1 Net acquisition of financial assets -35.9 -43.2 -46.5 -66.6 -75.3 -63.2 -34.6 -13.2 -37.1 -32.4 -42.5 -48.4 -91.4 1

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

 3 Time and savings deposits 14.3 16.8 16.4 -19.7 -23.7 -35.1 -5.5 2.3 -4.8 5.6 0.4 1.6 1.1 3

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

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

 6 Credit market instruments -11.2 37.3 -23.7 89.0 -123.7 -19.6 -36.5 73.3 -10.5 33.8 34.3 84.8 71.8 6

 7 Open market paper 3.0 0.1 0.1 0.4 -7.4 -0.3 -1.4 -0.9 -0.3 0.6 0.3 -4.5 10.1 7

 8 Treasury securities -5.1 3.2 -20.6 18.6 -11.7 -0.4 -12.7 14.3 -6.9 1.4 11.8 32.8 10.1 8

 9 Agency- and GSE-backed securities -12.3 7.1 -18.2 30.4 -37.3 1.8 -17.9 35.6 7.7 16.1 2.6 26.7 13.7 9

10 Corporate and foreign bonds 3.1 26.5 15.4 39.6 -66.1 -21.3 -4.7 24.3 -10.8 15.9 19.6 30.3 38.2 10

11 Mortgages 0.0 0.5 -0.4 0.0 -1.3 0.6 0.2 -0.1 -0.1 -0.2 -0.1 -0.5 -0.3 11

12 Corporate equities -63.1 -105.3 -52.5 -128.9 85.1 39.6 -16.0 -34.9 -12.6 -43.6 -103.5 -205.1 -207.7 12

13 Mutual fund shares 7.6 7.3 7.8 5.9 41.7 -17.6 20.2 -41.6 11.2 -8.7 0.1 9.1 13.8 13

14 Miscellaneous assets 13.4 0.3 4.9 -12.8 -47.0 -29.6 3.9 -13.4 -20.9 -20.4 25.8 60.8 29.4 14

15 Unallocated insurance contracts (1) 2.7 -5.3 -3.4 -14.2 -5.2 -1.0 11.0 -10.7 -24.5 -17.0 11.4 24.1 16.3 15

16 Contributions receivable 1.6 5.4 8.0 -7.5 -17.4 -25.8 -4.5 -0.0 -2.0 -1.9 -0.2 -0.2 -0.1 16

17 Other 9.0 0.2 0.3 8.9 -24.4 -2.8 -2.6 -2.6 5.5 -1.5 14.5 36.9 13.1 17

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 39.6 27.4 88.1 51.8 51.9 44.6 48.4 62.9 56.6 44.7 36.4 31.0 30.6 1

 2 Checkable deposits and currency 0.6 1.0 -1.4 1.1 2.1 -1.4 0.5 0.1 0.0 0.2 0.2 0.4 0.3 2

 3 Time and savings deposits -5.4 -5.8 13.3 -19.6 0.8 -1.3 1.7 1.0 -0.1 0.7 0.5 3.0 -0.8 3

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

 5 Security RPs 1.9 1.1 1.1 2.3 3.9 -7.4 1.2 0.9 -0.1 0.3 0.4 3.1 7.2 5

 6 Credit market instruments 5.1 7.1 16.6 18.2 -1.3 -15.2 31.1 -1.5 11.6 11.4 24.4 17.9 18.3 6

 7 Open market paper 3.0 1.5 3.0 5.6 1.3 -8.0 5.1 -2.4 1.3 2.4 -0.1 -0.3 0.2 7

 8 Treasury securities 0.3 -1.2 7.4 -1.9 1.8 -6.0 11.1 -1.1 3.1 2.1 2.4 5.9 5.3 8

 9 Agency- and GSE-backed securities 1.0 -0.9 1.0 9.1 4.4 3.4 -1.7 5.0 4.1 0.7 14.3 1.7 7.0 9

10 Corporate and foreign bonds 0.2 7.6 5.0 3.5 -10.2 -1.8 16.2 -3.1 3.3 6.3 8.0 9.4 4.6 10

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

12 Corporate equities -28.4 -45.4 21.0 -51.5 -22.3 67.0 -45.5 32.4 33.5 18.5 10.9 -34.2 -40.5 12

13 Mutual fund shares 38.0 48.0 45.8 93.5 75.6 35.7 39.7 37.9 24.8 18.9 28.5 41.2 26.2 13

14 Miscellaneous assets 16.7 7.9 -10.7 -4.2 -11.1 -26.7 10.4 -7.6 -13.8 -7.2 -31.8 -3.8 17.5 14

15 Unallocated insurance contracts (2) 2.1 -4.6 -20.1 -4.3 -30.4 12.9 1.2 -7.3 -10.8 -1.6 -20.2 1.7 12.4 15

16 Contributions receivable 3.8 3.0 4.8 -10.8 -1.7 1.2 6.0 -0.1 -1.1 0.0 -1.8 4.7 0.8 16

17 Other 10.8 9.6 4.5 10.9 21.0 -40.7 3.1 -0.1 -1.9 -5.6 -9.8 -10.1 4.3 17

(1) Includes 401(k) type plans.

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

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total held at: 132.8 151.8 191.5 219.7 239.6 172.8 171.9 156.6 181.7 209.0 278.5 358.1 91.8 1

 2 Commercial banking 0.7 0.1 -0.5 -3.4 8.9 3.1 5.4 0.5 1.9 7.3 26.7 8.7 37.4 2

 3 Saving institutions -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.0 -1.1 0.1 3.9 13.5 6.8 3

 4 Credit unions 0.9 1.2 0.3 0.9 0.4 3.2 3.4 3.5 0.9 1.6 3.9 5.0 7.2 4

 5 Life insurance companies 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 -2.2 28.2 12.2 15.5 26.9 5

 6 Money market mutual funds 8.9 2.0 24.0 23.0 7.0 24.0 16.0 -16.0 -15.0 9.0 32.0 33.0 49.0 6

 7 Mutual funds 55.0 96.5 90.7 92.5 48.3 27.3 11.3 121.1 80.5 78.3 115.1 133.9 -108.3 7

 8 Other self-directed accounts 60.9 10.5 57.5 68.9 157.8 90.4 54.3 41.3 116.8 84.5 84.7 148.5 72.9 8

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

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
Z.1, June 11, 2009 113

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

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

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

 

 1 Total financial assets 1590.2 1763.5 1907.7 2074.6 1979.0 1810.2 1639.3 1994.5 2132.2 2281.3 2529.5 2666.0 1930.5 1

 2 Checkable deposits and currency 2.2 2.6 3.2 3.4 4.7 5.3 5.1 5.1 5.2 5.3 5.5 5.8 5.9 2

 3 Time and savings deposits 89.7 106.4 122.9 103.2 79.5 44.3 38.8 41.1 36.3 42.0 42.3 44.0 45.0 3

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

 5 Security RPs 14.2 14.2 14.3 14.0 4.9 3.5 2.8 3.9 4.4 5.1 5.4 5.6 5.8 5

 6 Credit market instruments 448.9 486.3 462.6 551.6 427.9 408.3 371.8 445.1 434.7 468.5 502.8 587.6 659.3 6

 7 Open market paper 14.2 14.2 14.4 14.8 7.4 7.1 5.7 4.8 4.5 5.1 5.5 1.0 11.0 7

 8 Treasury securities 74.7 77.9 57.2 75.9 64.2 63.9 51.2 65.5 58.6 60.0 71.8 104.6 114.8 8

 9 Agency- and GSE-backed securities 173.3 180.4 162.2 192.6 155.3 157.1 139.2 174.8 182.5 198.5 201.1 227.8 241.5 9

10 Corporate and foreign bonds 181.9 208.4 223.8 263.3 197.2 175.9 171.3 195.6 184.7 200.6 220.2 250.6 288.7 10

11 Mortgages 4.9 5.4 5.0 5.0 3.7 4.4 4.6 4.5 4.4 4.2 4.1 3.6 3.2 11

12 Corporate equities 764.3 844.0 949.1 1006.3 1076.0 1060.7 917.6 1170.8 1294.2 1392.8 1520.7 1453.8 777.1 12

13 Mutual fund shares 91.0 122.3 156.6 199.0 236.4 180.8 188.8 197.4 233.6 253.4 296.4 338.6 228.0 13

14 Miscellaneous assets 179.9 187.7 199.1 197.2 149.7 107.4 114.4 131.0 123.9 114.3 156.4 230.7 209.4 14

15 Unallocated insurance contracts (1) 89.9 92.0 95.1 91.9 86.1 72.4 86.4 105.7 95.0 88.8 116.5 154.2 119.9 15

16 Contributions receivable 47.5 52.8 60.9 53.4 36.0 10.2 5.7 5.7 3.7 1.8 1.6 1.4 1.3 16

17 Other 42.5 42.8 43.1 52.0 27.6 24.8 22.2 19.6 25.2 23.7 38.2 75.1 88.3 17

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

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

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

 1 Total financial assets 1634.2 1949.3 2236.2 2519.2 2488.6 2239.2 2036.0 2525.3 2790.2 3020.8 3480.7 3725.7 2669.7 1

 2 Checkable deposits and currency 3.4 4.3 2.9 4.0 6.1 4.7 5.2 5.3 5.3 5.5 5.7 6.0 6.4 2

 3 Time and savings deposits 29.4 23.7 37.0 17.4 18.2 17.0 18.6 19.6 19.6 20.3 20.8 23.7 22.9 3

 4 Money market fund shares 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 86.7 90.1 93.5 95.7 4

 5 Security RPs 13.2 14.3 15.4 17.7 21.6 14.2 15.4 16.4 16.2 16.6 17.0 20.1 27.3 5

 6 Credit market instruments 153.4 160.5 177.2 195.3 194.0 178.7 209.8 208.3 220.0 231.4 255.8 273.7 292.0 6

 7 Open market paper 16.6 18.1 21.1 26.6 27.9 19.9 25.1 22.7 24.0 26.4 26.3 26.0 26.1 7

 8 Treasury securities 41.3 40.1 47.5 45.6 47.4 41.4 52.4 51.4 54.4 56.5 59.0 64.9 70.2 8

 9 Agency- and GSE-backed securities 28.5 27.5 28.6 37.7 42.1 45.4 43.7 48.7 52.8 53.5 67.8 69.5 76.5 9

10 Corporate and foreign bonds 62.5 70.1 75.1 78.6 68.4 66.6 82.8 79.8 83.1 89.3 97.4 106.7 111.4 10

11 Mortgages 4.4 4.7 4.9 6.7 8.2 5.4 5.8 5.8 5.6 5.6 5.4 6.6 7.8 11

12 Corporate equities 638.8 759.7 920.1 959.9 894.6 848.0 670.9 925.8 1044.3 1148.9 1354.1 1409.5 887.7 12

13 Mutual fund shares 381.6 537.8 633.3 857.5 895.3 782.1 743.1 929.4 1044.6 1145.6 1361.2 1509.7 1001.6 13

14 Miscellaneous assets 365.4 386.5 385.4 390.4 377.6 319.5 288.4 336.2 355.4 365.9 376.2 389.4 336.0 14

15 Unallocated insurance contracts (2) 251.1 259.7 249.2 254.1 222.0 203.4 163.2 211.3 233.5 249.6 271.4 290.1 231.7 15

16 Contributions receivable 41.7 44.7 49.6 38.7 37.0 38.2 44.2 44.1 43.0 43.0 41.2 45.8 46.7 16

17 Other 72.6 82.1 86.7 97.6 118.6 77.9 81.0 80.9 79.0 73.3 63.6 53.4 57.7 17

(1) Includes 401(k) type plans.

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

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

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

 1 Total held at: 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 2993.0 3299.0 3652.0 4220.0 4747.0 3613.0 1

 2 Commercial banking 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.1 168.0 175.3 202.0 210.7 248.1 2

 3 Saving institutions 73.0 67.0 61.8 58.7 56.4 54.6 53.8 54.8 53.7 53.8 57.6 71.2 77.9 3

 4 Credit unions 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 49.3 53.2 58.2 65.5 4

 5 Life insurance companies 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 347.0 381.0 406.0 424.0 367.0 5

 6 Money market mutual funds 83.0 85.0 109.0 132.0 139.0 163.0 179.0 163.0 148.0 157.0 189.0 222.0 271.0 6

 7 Mutual funds 494.0 671.0 839.0 1102.0 1067.0 973.3 825.0 1111.0 1307.0 1470.0 1751.0 1983.0 1261.0 7

 8 Other self-directed accounts 520.9 558.0 763.3 928.5 927.4 977.1 958.0 1112.9 1227.7 1365.6 1561.2 1777.9 1322.5 8

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

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

 sector (line 6).
Z.1, June 11, 2009 Flow of Funds Matrix for 2008

(Billions of dollars; All Sectors -- Flows)

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of Financial 

Organizations Business Governments Government Sectors the World Sectors 

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

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

 1 Gross saving and net cap. transfers -- 1431.0 -- 1310.5 -- 171.9 -- -468.2 -- 2445.2 -- 655.6 -- 189.7  2 Capital consumption -- 1098.6 -- 1123.7 -- 191.3 -- 117.9 -- 2531.5 -- -- -- 98.6  3 Net saving (1 less 2) -- 332.4 -- 186.8 -- -19.3 -- -586.1 -- -86.3 -- 655.6 -- 91.1  4 Gross investment (5 plus 11) 2123.5 -- 1314.6 -- 267.2 -- -560.0 -- 3145.2 -- 529.0 -- -13.4 --  5 Capital expenditures 1478.7 -- 1357.1 -- 367.0 -- 113.0 -- 3315.8 -- -0.4 -- 113.3 --  6 Consumer durables 939.2 -- -- -- -- -- -- -- 939.2 -- -- -- -- --  7 Residential 416.5 -- 71.1 -- 6.4 -- 3.1 -- 497.1 -- -- -- 0.1 --  8 Nonresidential 123.0 -- 1316.5 -- 349.6 -- 136.9 -- 1926.0 -- -- -- 113.2 --  9 Inventory change -- -- -47.0 -- -- -- -- -- -47.0 -- -- -- -- -- 10 Nonproduced nonfinancial assets -- -- 16.4 -- 11.0 -- -27.0 -- 0.4 -- -0.4 -- -- -- 11 Net financial investment 644.8 -- -42.5 -- -99.8 -- -673.1 -- -170.6 -- 529.4 -- -126.7 -- 12 Financial uses 552.4 -- 710.0 -- -18.2 -- 671.3 -- 1915.5 -- 722.9 -- 4533.2 -- 13 Financial sources -- -92.4 -- 752.6 -- 81.6 -- 1344.4 -- 2086.2 -- 193.5 -- 4659.9 14 Gold and off. fgn. exchange -- -- -- -- -- -- 4.2 -- 4.2 -- -0.1 4.7 0.6 -- 15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -- 16 Treasury currency -- -- -- -- -- -- -- -0.8 -- -0.8 -- -- -0.0 -- 17 Foreign deposits -17.4 -- -19.7 -- -- -- -- -- -37.2 -- -- -290.7 2.0 -- 18 Interbank claims -- -- -- -- -- -- -- -- -- -- 372.1 -- 1351.5 1775.4 19 Checkable dep. and currency 127.4 -- -19.7 -- 9.3 -- 313.1 -- 430.1 -- 68.3 -- 71.4 568.8 20 Time and savings deposits 178.1 -- -29.7 -- 19.1 -- -1.3 -- 166.2 -- 44.4 -- 123.3 334.0 21 Money market fund shares 235.3 -- 176.6 -- 2.1 -- -- -- 414.0 -- 8.5 -- 301.7 724.2 22 Fed. funds and security RPs -- -- -2.6 -- -15.4 -- -- -- -18.1 -- -531.4 -- -58.3 -882.7 23 Credit market instruments -150.9 49.5 -98.4 544.1 -98.6 40.4 77.8 1239.2 -270.0 1873.2 527.1 -152.1 2359.8 895.8 24 Open market paper -139.2 -- -57.3 7.7 -71.4 -- -- -- -267.9 7.7 -45.1 -71.0 124.1 -125.6 25 Treasury securities 70.1 -- -1.1 -- -8.7 -- -- 1239.0 60.3 1239.0 749.9 -- 428.9 -- 26 Agency- and GSE-backed sec. 31.4 -- -1.7 -- -10.5 -- 54.4 0.2 73.7 0.2 -164.4 -- 862.4 771.5 27 Municipal securities 41.9 20.5 -21.7 3.1 -0.1 39.6 -- -- 20.1 63.2 8.0 -- 35.1 -- 28 Corporate and fgn. bonds -166.6 -- -- 204.6 -3.6 -- -- -- -170.2 204.6 27.6 -84.7 -22.3 -284.9 29 Bank loans n.e.c. -- 20.7 -- 174.5 -- -- -- -- -- 195.2 -- 5.1 693.7 493.3 30 Other loans and advances 10.4 6.2 -- 55.0 -- 0.8 6.9 -- 17.3 62.0 -48.8 -1.6 126.5 34.6 31 Mortgages 1.1 -41.9 -16.7 99.3 -4.3 -- 3.9 0.0 -16.0 57.3 -- -- 80.1 6.8 32 Consumer credit -- 44.0 0.1 -- -- -- 12.6 -- 12.7 44.0 -- -- 31.3 -- 33 Corporate equities 74.4 -- -- -380.8 16.8 -- 256.3 -- 347.5 -380.8 20.6 -6.3 -114.4 640.7 34 Mutual fund shares -36.3 -- -6.8 -- 8.0 -- -- -- -35.1 -- 1.2 -- 63.0 29.1 35 Trade credit -- 15.7 -48.5 -142.8 -4.4 41.2 0.1 -6.7 -52.8 -92.6 6.1 -10.8 -14.9 -24.7 36 Security credit -123.8 -160.7 -- -- -- -- -- -- -123.8 -160.7 0.0 0.0 -274.2 -237.3 37 Life insurance reserves 67.0 -- -- -- -- -- -- 1.0 67.0 1.0 -- -- -- 66.0 38 Pension fund reserves 85.4 -- -- -- -- -- -- -- 85.4 -- -- -- -- 85.4 39 Taxes payable -- -- -- 3.4 32.2 -- -0.1 -- 32.1 3.4 -- -- -- -40.8 40 Equity in noncorp. business 35.7 -- -- 19.0 -- -- -- -- 35.7 19.0 -- -- -- 16.7 41 Miscellaneous 77.6 3.2 758.9 709.6 12.6 -- 21.1 111.7 870.2 824.5 206.2 648.6 721.5 709.2 42 Sector discrepancies (1 less 4) -692.5 -- -4.1 -- -95.2 -- 91.9 -- -699.9 -- 126.7 -- 203.1 -- General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Z.1, June 11, 2009 Flow of Funds Matrix for 2008

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

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of 

Organizations Business Governments Government Sectors the World 

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

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

 1 Total financial assets 41179.3 -- 17897.1 -- 2554.5 -- 1276.3 -- 62907.2 -- 16763.6 -- 61385. 2 Total liabilities and equity -- 14254.9 -- 36108.0 -- 2828.8 -- 7857.3 -- 61049.0 -- 13071.6 - 3 Total liabilities -- 14254.9 -- 18885.2 -- 2828.8 -- 7857.3 -- 43826.2 -- 10394.2 - 4 Monetary gold and SDRs -- -- -- -- -- -- 9.3 -- 9.3 -- -- -- 11. 5 IMF Position -- -- -- -- -- -- 7.8 -- 7.8 -- -- 7.7 -0. 6 Official foreign exchange -- -- -- -- -- -- 24.8 -- 24.8 -- -- 49.6 24. 7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2. 8 Treasury currency -- -- -- -- -- -- -- 27.9 -- 27.9 -- -- 38. 9 Foreign deposits 60.8 -- 31.1 -- -- -- -- -- 91.9 -- -- 1011.9 129.10 Interbank claims -- -- -- -- -- -- -- -- -- -- 315.2 -- 1475.11 Checkable dep. and currency 248.7 -- 575.1 -- 65.4 -- 368.0 -- 1257.2 -- 374.4 -- 454.12 Time and savings deposits 5974.2 -- 865.9 -- 264.8 -- 1.6 -- 7106.5 -- 252.1 -- 584.13 Money market fund shares 1582.1 -- 838.3 -- 85.6 -- -- -- 2506.0 -- 41.4 -- 1209.14 Fed. funds and security RPs -- -- 5.4 -- 148.9 -- -- -- 154.3 -- 577.8 -- 1025.15 Credit market instruments 3764.0 13832.9 261.4 11153.7 1413.5 2232.2 365.4 6361.5 5804.2 33580.3 7896.4 1864.9 38831.16 Open market paper 10.4 -- 12.4 131.5 123.8 -- -- -- 146.6 131.5 232.9 342.0 1219.17 Treasury securities 266.6 -- 102.1 -- 522.7 -- -- 6338.2 891.4 6338.2 3182.0 -- 2264.18 Agency- and GSE-backed sec. 740.7 -- 12.1 -- 444.1 -- 54.4 23.3 1251.4 23.3 1407.3 -- 5510.19 Municipal securities 949.9 269.9 14.8 192.6 5.7 2219.5 -- -- 970.4 2682.1 41.0 -- 1670.20 Corporate and fgn. bonds 1664.4 -- -- 3763.5 144.5 -- -- -- 1808.9 3763.5 2808.4 1393.4 6519.21 Bank loans n.e.c. -- 120.4 -- 1723.6 -- -- -- -- -- 1844.1 -- 107.9 2722.22 Other loans and advances 27.9 133.2 -- 1590.7 -- 12.7 112.7 -- 140.6 1736.6 224.8 21.5 2294.23 Mortgages 104.1 10713.4 64.7 3751.7 172.6 -- 87.3 0.0 428.7 14465.1 -- -- 14200.24 Consumer credit -- 2595.9 55.3 -- -- -- 111.0 -- 166.3 2595.9 -- -- 2429.25 Corporate equities 5496.6 -- -- 9771.3 83.1 -- 188.4 -- 5768.2 9771.3 1807.8 2677.4 7822.26 Mutual fund shares 3447.4 -- 143.3 -- 27.5 -- -- -- 3618.3 -- 225.3 -- 1591.27 Trade credit -- 230.2 2764.7 2168.2 164.0 596.5 71.6 226.8 3000.4 3221.8 89.6 61.1 182.28 Security credit 742.7 164.8 -- -- -- -- -- -- 742.7 164.8 0.0 0.0 385.29 Life insurance reserves 1179.8 -- -- -- -- -- -- 46.4 1179.8 46.4 -- -- -30 Pension fund reserves 10442.4 -- -- -- -- -- -- -- 10442.4 -- -- -- -31 Taxes payable -- -- -- 200.6 269.8 -- 115.5 -- 385.3 200.6 -- -- -32 Equity in noncorp. business 7464.0 -- -- 7451.5 -- -- -- -- 7464.0 7451.5 -- -- -33 Miscellaneous 776.5 27.0 12411.8 5362.7 31.9 -- 123.9 1192.4 13344.1 6582.1 5183.8 7399.1 7616.General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2 is the sum of corporate equities (line 25) and equity in noncorporate business (line 32). The matrix shows a discrepancy in column 17 for monetary gold and SDRs (line 4) because by international accounting convention, such instruments are financial assets without corresponding liabilities.
116 Z.1, June 11, 2009

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

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

2002 2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1

 1 Assets 49329.9 56222.7 62861.8 70177.0 75644.1 76933.9 74592.2 73723.4 71144.5 65961.1 64516.9 1

 2 Tangible assets 19255.7 21160.4 23950.3 27338.5 28288.4 27102.1 26427.4 26248.0 25681.6 24781.8 24221.5 2

 3 Financial assets 30074.2 35062.3 38911.5 42838.5 47355.7 49831.8 48164.8 47475.4 45462.9 41179.3 40295.5 3

 4 Deposits 5154.4 5350.4 5742.5 6153.6 6779.1 7377.5 7570.1 7440.5 7562.1 7865.8 7880.7 4

 5 Credit market instruments 2545.1 2774.7 3086.2 3427.7 3559.3 3914.9 3801.8 3807.5 3871.5 3764.0 4263.5 5

 6 Equity shares at market value 10613.9 14140.2 16010.3 17402.0 20071.4 20674.0 18763.1 18161.1 16033.2 12269.1 11252.4 6

 7 Directly held 5161.2 6787.5 7491.0 7999.5 9196.4 9167.9 8496.6 8031.3 7137.3 5496.6 5178.0 7

 8 Indirectly held 5452.7 7352.7 8519.3 9402.5 10875.0 11506.0 10266.4 10129.9 8895.9 6772.5 6074.4 8

 9 Life insurance companies 692.5 887.3 1028.9 1140.1 1334.7 1466.8 1321.8 1315.8 1196.3 942.2 847.0 9

10 Private pension funds 2223.2 2924.1 3308.1 3612.2 4159.7 4282.4 3763.2 3667.6 3294.0 2520.8 2247.3 10

11 Defined benefit plans 1031.1 1300.2 1452.9 1567.7 1729.9 1690.7 1481.2 1418.3 1236.3 903.5 766.0 11

12 Defined contribution plans 1192.1 1623.9 1855.2 2044.5 2429.8 2591.7 2282.0 2249.3 2057.8 1617.3 1481.3 12

13 State and local govt. retirement funds 1157.4 1557.3 1761.2 1887.3 2129.2 2193.2 1954.8 1918.9 1728.9 1312.2 1166.3 13

14 Federal government retirement funds 45.9 79.9 99.2 112.6 138.1 149.1 128.4 127.6 111.1 85.6 74.7 14

15 Mutual funds 1333.7 1904.1 2321.9 2650.4 3113.2 3414.5 3098.2 3099.8 2565.5 1911.8 1739.2 15

16 Other 11760.9 12797.0 14072.5 15855.2 16946.0 17865.4 18029.9 18066.3 17996.1 17280.3 16898.9 16

17 Liabilities 8832.0 9859.5 11031.7 12179.1 13438.4 14342.3 14441.4 14396.6 14561.1 14254.9 14140.5 17

18 Net worth 40498.0 46363.2 51830.1 57997.8 62205.8 62591.6 60150.8 59326.8 56583.4 51706.2 50376.5 18

 Memo:

19 Equity shares excluding defined benefit plans 8418.4 11265.0 12776.9 13927.5 16190.8 16768.7 15308.1 14805.6 13051.6 10041.1 9309.4 19

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

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 21.5 25.2 25.5 24.8 26.5 26.9 25.2 24.6 22.5 18.6 17.4 20

21 Financial assets (line 3) 35.3 40.3 41.1 40.6 42.4 41.5 39.0 38.3 35.3 29.8 27.9 21

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

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