110 Z.1, September 17, 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, September 17, 2009 111

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.
112 Z.1, September 17, 2009

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2004 2005 2006 2007 2008 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Current receipts, NIPA basis 3265.7 3659.3 3995.2 4209.2 4057.6 4172.0 3974.5 4087.0 3996.8 3775.0 3720.3 1

 2 Personal current taxes 1047.8 1208.6 1352.4 1490.9 1432.4 1531.8 1326.2 1437.3 1434.3 1187.3 1083.9 2

 3 Taxes on production and imports 863.4 930.2 986.8 1028.7 1047.3 1042.5 1050.8 1058.5 1037.3 1018.8 1017.8 3

 4 Taxes on corporate income 292.0 395.9 454.2 426.7 263.3 295.0 288.4 275.7 194.2 244.2 286.3 4

 5 Taxes from the rest of the world 10.0 12.1 14.0 14.2 15.0 14.9 14.3 14.7 15.9 13.5 11.1 5

 6 Contributions for govt. social insurance 831.7 877.4 926.4 964.2 995.6 990.3 993.9 999.9 998.4 974.8 964.6 6

 7 Income receipts on assets 100.3 111.9 129.6 143.3 144.2 143.7 145.1 143.2 144.6 156.5 166.1 7

 8 Current transfer receipts 119.3 126.7 136.0 147.7 166.7 159.4 162.0 164.5 181.0 190.7 199.3 8

 9 Current surplus of government enterprises 1.2 -3.5 -4.2 -6.6 -6.9 -5.6 -6.3 -6.9 -8.9 -10.7 -9.0 9

10 Current expenditures, NIPA basis 3653.5 3916.4 4147.9 4424.0 4740.3 4625.5 4797.0 4811.7 4726.9 4780.6 5026.1 10

11 Consumption expenditures 1860.4 1977.9 2093.3 2214.9 2386.9 2332.5 2381.5 2436.4 2397.1 2378.6 2409.7 11

12 Government social benefits 1409.2 1494.0 1596.1 1701.1 1859.2 1775.1 1926.5 1855.7 1879.4 1969.7 2122.8 12

13 Other current transfer payments 30.9 40.9 34.9 42.2 44.8 50.1 40.2 43.0 45.9 39.5 55.7 13

14 Interest payments 306.6 342.7 372.2 411.0 395.9 414.6 395.9 423.8 349.3 337.3 382.8 14

15 Subsidies 46.4 60.9 51.4 54.8 53.5 53.1 52.9 52.9 55.2 55.5 55.1 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 -387.8 -257.1 -152.7 -214.8 -682.7 -453.5 -822.5 -724.8 -730.2 -1005.7 -1305.8 17

18 + Consumption of fixed capital 231.9 250.6 269.3 290.4 310.9 303.0 308.5 313.8 318.4 322.3 323.4 18

19 - Insurance and pension fund reserves (1) 0.0 0.7 0.1 0.1 -0.6 -2.7 0.5 -1.6 1.4 0.8 -0.2 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.4 4.7 4.6 4.8 5.0 5.0 5.0 5.1 5.1 5.1 5.1 20

21 - Net capital transfers (2) -8.5 10.0 -14.7 -2.7 4.0 0.2 -0.4 13.4 2.9 10.5 17.3 21

22 = Gross saving less net capital transfers -151.8 -21.9 126.6 73.4 -380.2 -153.0 -519.0 -427.8 -421.1 -699.7 -1004.6 22

23 Gross investment -85.6 28.8 178.7 81.1 -342.9 -139.5 -193.8 -452.8 -585.6 -686.2 -1128.0 23

24 Fixed investment 372.4 392.0 425.1 461.6 496.3 475.9 495.5 505.0 508.9 500.4 517.1 24

25 Nonproduced nonfinancial assets 11.4 9.8 -2.2 11.8 -6.2 5.4 -11.0 6.3 -25.5 -13.9 10.6 25

26 Net financial investment -469.3 -372.9 -244.2 -392.3 -833.1 -620.7 -678.4 -964.1 -1069.0 -1172.7 -1655.6 26

27 Net acquisition of financial assets 89.1 147.4 155.9 158.8 576.2 -17.4 -169.4 1187.9 1304.0 348.5 546.1 27

28 Gold, SDRs, and official foreign exchange -3.1 -14.4 -2.7 -0.4 4.2 0.4 4.5 -0.3 12.3 3.5 14.3 28

29 Checkable deposits and currency -37.2 22.5 2.5 23.5 322.4 -6.8 -32.8 1268.3 61.1 -353.7 222.0 29

30 Time and savings deposits 11.6 11.8 26.4 37.3 17.9 17.1 -6.8 9.1 52.1 63.7 -25.2 30

31 Money market fund shares 3.9 5.1 6.8 4.9 2.1 -1.1 -1.2 1.1 9.7 -13.0 8.9 31

32 Security RPs 7.7 10.0 13.5 9.7 -15.4 -2.2 -21.3 -87.9 49.6 -40.0 91.6 32

33 Credit market instruments 49.5 60.1 88.5 32.9 -3.3 -67.0 -15.6 3.1 66.4 248.6 237.7 33

34 Open market paper 10.1 13.1 17.6 -7.3 -71.4 -66.9 -17.8 -77.2 -123.6 -24.7 -16.9 34

35 Agency- and GSE-backed securities (3) 21.9 28.4 38.3 14.6 44.0 -6.3 -11.9 59.2 134.9 180.6 114.8 35

36 Municipal securities 0.3 0.4 0.5 0.3 -0.1 -0.1 0.0 0.1 -0.4 0.1 0.6 36

37 Corporate and foreign bonds 6.9 9.0 12.1 8.8 -3.6 -2.0 -5.0 1.9 -9.4 3.6 7.4 37

38 Mortgages 9.9 13.1 18.2 12.5 9.2 -0.3 6.0 14.3 16.7 4.0 24.8 38

39 Consumer credit 3.7 3.7 1.9 6.7 12.6 10.6 10.1 4.2 25.5 30.1 11.4 39

40 Other loans and advances (4) -3.3 -7.7 -0.0 -2.9 6.1 -1.9 3.0 0.6 22.6 54.9 95.5 40

41 Corporate equities -4.2 2.5 -4.4 2.4 273.1 43.7 -2.6 -8.4 1059.7 365.9 -106.7 41

42 Mutual fund shares -1.3 0.8 -1.3 0.7 8.0 13.4 12.1 -6.1 12.7 27.7 3.3 42

43 Trade receivables 18.4 19.4 14.2 10.2 -4.3 -0.2 -11.3 5.6 -11.3 8.5 11.5 43

44 Taxes receivable 47.1 65.4 40.1 16.0 -49.2 -34.6 -78.9 -33.1 -50.1 40.1 156.8 44

45 Miscellaneous assets -3.3 -35.7 -27.7 21.5 20.7 19.9 -15.4 36.6 41.8 -2.8 -68.0 45

46 Net increase in liabilities 558.4 520.4 400.1 551.2 1409.3 603.3 508.9 2152.0 2373.0 1521.2 2201.8 46

47 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Treasury currency 0.7 0.8 0.6 -0.7 -0.8 -0.9 -0.5 -1.2 -0.8 -0.0 -0.0 48

49 Credit market instruments 452.1 385.7 298.5 407.8 1288.7 527.5 358.6 2067.3 2201.6 1540.4 2097.6 49

50 Savings bonds 0.6 0.7 -2.7 -6.0 -2.4 -4.2 -1.1 -1.3 -3.0 -0.3 -1.0 50

51 Other Treasury securities (5) 337.0 214.3 150.9 228.9 1250.1 452.4 340.1 1998.4 2209.7 1435.2 1913.5 51

52 Budget agency securities -0.6 -0.4 -0.3 -0.4 0.2 1.3 0.3 -1.7 1.0 -3.2 -1.1 52

53 Municipal securities 115.1 171.1 150.6 185.3 40.8 78.1 19.3 71.9 -6.1 108.8 186.2 53

54 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 54

55 Trade payables 45.3 64.7 40.1 66.3 30.8 67.8 83.5 19.0 -47.0 19.7 39.5 55

56 Insurance reserves 1.1 1.1 1.5 1.2 1.0 -0.3 2.0 -0.4 2.8 -0.2 2.1 56

57 Miscellaneous liabilities (6) 59.3 68.0 59.4 76.6 89.6 9.2 65.4 67.3 216.4 -38.7 62.6 57

58 Discrepancy -66.2 -50.8 -52.1 -7.7 -37.3 -13.6 -325.2 25.1 164.5 -13.5 123.4 58

 Memo:

59 Net govt. saving less fixed investment (7) -760.2 -649.1 -577.8 -676.4 -1179.1 -929.4 -1318.0 -1229.8 -1239.0 -1506.0 -1822.9 59

60 Adjustment between NIPA and FOF (8) 290.9 276.2 333.6 284.0 346.0 308.7 639.6 265.7 170.1 333.3 167.2 60

61 Items to be financed (9) -469.3 -372.9 -244.2 -392.3 -833.1 -620.7 -678.4 -964.1 -1069.0 -1172.7 -1655.6 61

(1) 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.

(2) Table F.9, line 59 less line 12.

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

(4) Excludes loans to state and local governments.

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

(6) 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.

(7) Line 17 less line 24.

(8) Line 18 less the sum of lines 19, 20, 21, 25, and 58.

(9) Line 59 plus line 60.
Z.1, September 17, 2009 113

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

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

2004 2005 2006 2007 2008 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2240.5 2366.7 2552.0 2754.0 3299.0 2745.0 2755.8 3063.9 3299.0 3298.9 3782.6 1

 2 Gold, SDRs, and official foreign exchange 54.5 35.3 34.5 36.4 41.9 39.3 39.0 37.6 41.9 40.4 46.2 2

 3 Checkable deposits and currency 64.1 89.3 90.7 112.6 433.4 94.0 105.0 423.3 433.4 332.5 404.4 3

 4 Time and savings deposits 173.0 184.8 211.2 248.5 266.4 250.6 244.3 249.1 266.4 279.6 268.7 4

 5 Money market fund shares 66.6 71.7 78.5 83.5 85.6 83.2 82.9 83.2 85.6 82.4 84.6 5

 6 Security RPs 131.2 141.2 154.6 164.3 148.9 163.8 158.5 136.5 148.9 138.9 161.8 6

 7 Credit market instruments 1074.9 1135.0 1223.6 1256.4 1253.2 1242.2 1236.8 1238.9 1253.2 1317.9 1375.8 7

 8 Open market paper 171.7 184.8 202.4 195.2 123.8 178.4 174.0 154.7 123.8 117.6 113.4 8

 9 Agency- and GSE-backed securities (1) 373.2 401.6 439.9 454.6 498.5 453.0 450.0 464.8 498.5 543.7 572.4 9

10 Municipal securities 4.7 5.0 5.5 5.8 5.7 5.8 5.8 5.8 5.7 5.8 5.9 10

11 Corporate and foreign bonds 118.2 127.2 139.4 148.1 144.5 147.6 146.4 146.9 144.5 145.4 147.3 11

12 Mortgages 216.6 229.7 247.9 260.5 269.6 260.4 261.9 265.5 269.6 270.6 276.8 12

13 Consumer credit 86.1 89.8 91.7 98.4 111.0 103.5 104.6 106.9 111.0 121.1 122.4 13

14 Other loans and advances (2) 104.5 96.8 96.8 93.9 100.0 93.4 94.2 94.3 100.0 113.7 137.6 14

15 Corporate equities 90.0 96.8 106.0 112.7 271.5 112.3 109.5 97.4 271.5 289.9 608.2 15

16 Mutual fund shares 27.5 29.6 32.5 34.5 27.5 34.4 36.7 31.8 27.5 31.5 37.4 16

17 Trade receivables 196.2 215.6 229.8 239.9 235.6 239.0 237.9 238.1 235.6 236.5 241.3 17

18 Taxes receivable 190.9 232.6 285.1 342.5 388.8 356.5 371.8 384.5 388.8 397.0 402.8 18

19 Miscellaneous assets 171.6 134.8 105.6 122.6 146.1 129.8 133.4 143.7 146.1 152.4 151.3 19

20 Total liabilities 7279.3 7781.4 8175.6 8727.2 10136.2 8960.7 8957.5 9503.0 10136.2 10608.8 11016.5 20

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

22 Treasury currency 26.7 27.5 28.1 27.4 26.6 27.2 27.0 26.7 26.6 26.6 26.5 22

23 Credit market instruments 5678.8 6064.5 6363.0 6770.8 8059.5 7001.1 6964.9 7480.5 8059.5 8551.6 8939.4 23

24 Savings bonds 204.4 205.1 202.4 196.4 194.0 195.3 194.9 194.2 194.0 193.9 193.5 24

25 Other Treasury securities (3) 3777.2 3991.5 4142.4 4371.3 5621.5 4580.2 4533.5 5047.7 5621.5 6084.2 6421.2 25

26 Budget agency securities 24.3 23.8 23.5 23.1 23.3 23.5 23.5 23.1 23.3 22.5 22.3 26

27 Municipal securities 1673.0 1844.1 1994.7 2179.9 2220.8 2202.1 2213.0 2215.6 2220.8 2251.0 2302.4 27

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

29 Trade payables 616.1 680.8 720.9 787.2 818.0 806.2 830.9 835.9 818.0 825.0 838.9 29

30 Insurance reserves 41.6 42.7 44.2 45.4 46.4 45.3 45.8 45.7 46.4 46.3 46.9 30

31 Miscellaneous liabilities (4) 913.9 963.7 1017.2 1094.2 1183.5 1078.7 1086.7 1112.0 1183.5 1157.1 1162.5 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.
114 Z.1, September 17, 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 60.4 65.3 56.5 53.0 22.6 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 24.1 17.6 19.0 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 14.0 1.4 7.7 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 8.1 9.3 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 37.3 39.1 31.2 -11.9 -49.1 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 26.1 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 17.6 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, September 17, 2009 115

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 3480.5 3725.1 2669.8 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 153.4 160.5 177.2 195.3 194.0 178.7 209.8 208.3 220.0 231.4 255.6 273.1 292.1 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 67.5 68.9 76.6 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 365.4 386.5 385.4 390.4 377.6 319.5 288.4 336.2 355.4 365.9 376.2 389.4 336.1 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, September 17, 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 less net cap. transfers -- 1594.5 -- 1367.2 -- 212.7 -- -592.9 -- 2581.5 -- 704.2 -- 267.6  2 Capital consumption -- 1170.8 -- 1103.7 -- 191.2 -- 119.8 -- 2585.4 -- -- -- 148.7  3 Net saving (1 less 2) -- 423.7 -- 263.6 -- 21.5 -- -712.7 -- -3.9 -- 704.2 -- 118.9  4 Gross investment (5 plus 11) 2247.8 -- 1294.1 -- 261.2 -- -604.2 -- 3198.9 -- 503.4 -- 41.4 --  5 Capital expenditures 1534.5 -- 1446.5 -- 361.1 -- 129.0 -- 3471.0 -- -2.7 -- 185.9 --  6 Consumer durables 1021.9 -- -- -- -- -- -- -- 1021.9 -- -- -- -- --  7 Residential 401.1 -- 76.0 -- 5.4 -- 1.5 -- 484.1 -- -- -- 0.1 --  8 Nonresidential 111.5 -- 1396.3 -- 342.7 -- 146.7 -- 1997.2 -- -- -- 185.8 --  9 Inventory change -- -- -34.8 -- -- -- -- -- -34.8 -- -- -- -- -- 10 Nonproduced nonfinancial assets -- -- 8.9 -- 12.9 -- -19.2 -- 2.7 -- -2.7 -- -- -- 11 Net financial investment 713.3 -- -152.4 -- -99.9 -- -733.2 -- -272.1 -- 506.0 -- -144.5 -- 12 Financial uses 607.1 -- 547.6 -- -18.2 -- 586.6 -- 1723.1 -- 649.1 -- 4586.4 -- 13 Financial sources -- -106.2 -- 700.0 -- 81.6 -- 1319.8 -- 1995.2 -- 143.1 -- 4730.8 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 -21.2 -- -20.0 -- -- -- -- -- -41.2 -- -- -352.9 2.0 -- 18 Interbank claims -- -- -- -- -- -- -- -- -- -- 365.1 -- 1351.5 1768.5 19 Checkable dep. and currency 101.3 -- 5.8 -- 9.3 -- 313.1 -- 429.6 -- 68.8 -- 71.4 568.8 20 Time and savings deposits 152.5 -- -4.9 -- 19.1 -- -1.3 -- 165.5 -- 45.2 -- 123.3 334.0 21 Money market fund shares 234.9 -- 126.9 -- 2.1 -- -- -- 363.9 -- 16.7 -- 343.5 724.2 22 Fed. funds and security RPs -- -- -0.6 -- -15.4 -- -- -- -16.0 -- -525.0 -- -58.3 -882.9 23 Credit market instruments 11.6 35.6 -111.3 571.8 -98.6 41.7 87.4 1239.2 -110.8 1888.2 398.2 -129.5 2363.7 892.4 24 Open market paper -139.2 -- -59.3 7.7 -71.4 -- -- -- -269.9 7.7 -45.1 -71.0 126.1 -125.6 25 Treasury securities 147.6 -- -7.3 -- -8.7 -- -- 1239.0 131.6 1239.0 674.3 -- 433.1 -- 26 Agency- and GSE-backed sec. 84.6 -- -4.1 -- -10.5 -- 54.4 0.2 124.6 0.2 -218.1 -- 865.3 771.5 27 Municipal securities 42.1 20.1 -24.1 3.2 -0.1 40.8 -- -- 17.9 64.1 -4.1 -- 50.2 -- 28 Corporate and fgn. bonds -143.5 -- -- 204.6 -3.6 -- 0.0 -- -147.1 204.6 40.0 -62.1 -41.5 -291.0 29 Bank loans n.e.c. -- 18.0 -- 174.5 -- -- -- -- -- 192.5 -- 5.1 693.7 496.1 30 Other loans and advances 10.4 6.2 -- 57.6 -- 0.8 6.9 -- 17.4 64.6 -48.7 -1.5 129.1 34.6 31 Mortgages 9.5 -48.8 -16.6 124.2 -4.3 -- 13.5 0.0 2.1 75.5 -- -- 80.1 6.8 32 Consumer credit -- 40.2 0.0 -- -- -- 12.6 -- 12.6 40.2 -- -- 27.6 -- 33 Corporate equities 48.9 -- -- -334.9 16.8 -- 256.3 -- 322.0 -334.9 88.3 1.3 -86.4 657.6 34 Mutual fund shares -3.8 -- -6.8 -- 8.0 -- -- -- -2.5 -- 5.4 -- 29.3 32.1 35 Trade credit -- 15.7 -75.1 -150.8 -4.4 40.0 0.1 -9.2 -79.4 -104.3 6.1 -9.9 -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 79.6 -- -- -- -- -- -- -- 79.6 -- -- -- -- 79.6 39 Taxes payable -- -- -- 3.6 35.8 -- -85.0 -- -49.2 3.6 -- -- -- -130.7 40 Equity in noncorp. business 3.9 -- -- -7.6 -- -- -- -- 3.9 -7.6 -- -- -- 11.5 41 Miscellaneous 56.0 3.2 633.6 618.0 9.1 -- 11.6 89.6 710.3 710.7 180.4 629.3 734.7 871.8 42 Sector discrepancies (1 less 4) -653.3 -- 73.1 -- -48.5 -- 11.3 -- -617.5 -- 200.8 -- 226.1 -- General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Z.1, September 17, 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 Fina

Organizations Business Governments Government Sectors the World Sec

 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 41957.0 -- 17730.5 -- 2554.5 -- 1279.9 -- 63521.9 -- 15167.4 -- 62005.9  2 Total liabilities and equity -- 14216.9 -- 36478.3 -- 2827.1 -- 7844.6 -- 61366.9 -- 11203.3 --  3 Total liabilities -- 14216.9 -- 18894.6 -- 2827.1 -- 7844.6 -- 43783.2 -- 8351.9 --  4 Monetary gold and SDRs -- -- -- -- -- -- 9.3 -- 9.3 -- -- -- 11.0  5 IMF Position -- -- -- -- -- -- 7.8 -- 7.8 -- -- 7.7 -0.1  6 Official foreign exchange -- -- -- -- -- -- 24.8 -- 24.8 -- -- 49.6 24.8  7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2.2  8 Treasury currency -- -- -- -- -- -- -- 26.6 -- 26.6 -- -- 38.7  9 Foreign deposits 59.8 -- 30.8 -- -- -- -- -- 90.6 -- -- 996.2 129.3 10 Interbank claims -- -- -- -- -- -- -- -- -- -- 308.2 -- 1475.9 11 Checkable dep. and currency 236.7 -- 600.1 -- 65.4 -- 368.0 -- 1270.2 -- 361.4 -- 454.7 12 Time and savings deposits 5949.2 -- 890.2 -- 264.8 -- 1.6 -- 7105.7 -- 252.8 -- 584.7 13 Money market fund shares 1581.7 -- 788.5 -- 85.6 -- -- -- 2455.8 -- 62.7 -- 1238.8 14 Fed. funds and security RPs -- -- 7.5 -- 148.9 -- -- -- 156.4 -- 584.2 -- 1025.0 15 Credit market instruments 4054.5 13794.8 248.5 11200.0 1413.5 2233.5 375.2 6361.5 6091.6 33589.8 7611.3 1864.4 38834.8 16 Open market paper 10.4 -- 10.4 131.5 123.8 -- -- -- 144.6 131.5 232.9 342.0 1221.8 17 Treasury securities 240.0 -- 95.8 -- 522.7 -- -- 6338.2 858.5 6338.2 3210.6 -- 2269.0 18 Agency- and GSE-backed sec. 711.3 -- 9.7 -- 444.1 -- 54.4 23.3 1219.5 23.3 1427.5 -- 5521.6 19 Municipal securities 938.0 269.6 12.4 192.6 5.7 2220.8 -- -- 956.2 2683.0 41.0 -- 1685.8 20 Corporate and fgn. bonds 2010.9 -- -- 3763.5 144.5 -- 0.0 -- 2155.4 3763.5 2474.5 1392.9 6500.6 21 Bank loans n.e.c. -- 117.7 -- 1723.6 -- -- -- -- -- 1841.3 -- 107.9 2722.5 22 Other loans and advances 27.9 133.2 -- 1620.2 -- 12.7 112.7 -- 140.6 1766.1 224.9 21.6 2323.9 23 Mortgages 116.0 10682.2 64.8 3768.6 172.6 -- 97.1 0.0 450.4 14450.8 -- -- 14163.9 24 Consumer credit -- 2592.1 55.3 -- -- -- 111.0 -- 166.3 2592.1 -- -- 2425.8 25 Corporate equities 5878.7 -- -- 9974.8 83.1 -- 188.4 -- 6150.3 9974.8 1772.9 2851.4 7856.3 26 Mutual fund shares 3444.7 -- 143.3 -- 27.5 -- -- -- 3615.6 -- 262.0 -- 1557.7 27 Trade credit -- 230.2 2737.4 2157.5 164.0 593.7 71.6 224.3 2973.0 3205.8 89.6 63.2 182.2 28 Security credit 742.7 164.8 -- -- -- -- -- -- 742.7 164.8 0.0 0.0 385.8 29 Life insurance reserves 1179.8 -- -- -- -- -- -- 46.4 1179.8 46.4 -- -- -- 30 Pension fund reserves 10442.6 -- -- -- -- -- -- -- 10442.6 -- -- -- -- 31 Taxes payable -- -- -- 200.4 269.8 -- 119.0 -- 388.8 200.4 -- -- -- 32 Equity in noncorp. business 7618.4 -- -- 7608.9 -- -- -- -- 7618.4 7608.9 -- -- -- 33 Miscellaneous 768.2 27.0 12284.3 5336.7 31.9 -- 114.2 1183.5 13198.6 6547.2 3862.3 5370.9 8204.1 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.
118 Z.1, September 17, 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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Assets 56744.9 63506.2 70987.5 76749.0 78228.8 75868.6 74945.9 72339.4 67134.0 65244.0 67207.9 1

 2 Tangible assets 21437.7 24270.7 27719.1 28724.2 27525.6 26863.9 26541.9 26051.2 25177.0 24660.1 24847.1 2

 3 Financial assets 35307.2 39235.5 43268.4 48024.8 50703.1 49004.7 48404.0 46288.2 41957.0 40583.8 42360.8 3

 4 Deposits 5350.4 5742.5 6153.6 6779.0 7381.3 7579.1 7420.3 7566.4 7827.4 7848.9 7760.2 4

 5 Credit market instruments 2755.2 3075.8 3426.8 3553.5 4113.4 4077.9 4138.8 4218.5 4054.5 4536.2 4326.6 5

 6 Equity shares at market value 14102.6 16010.3 17402.0 20347.0 20924.8 18993.9 18539.7 16324.7 12664.5 11153.3 13332.2 6

 7 Directly held 6749.9 7491.0 7999.5 9488.0 9453.0 8759.6 8449.1 7442.0 5878.7 5150.3 6266.3 7

 8 Indirectly held 7352.7 8519.3 9402.5 10859.0 11471.8 10234.4 10090.6 8882.7 6785.7 6003.0 7065.9 8

 9 Life insurance companies 887.3 1028.9 1140.1 1334.7 1466.8 1317.8 1301.1 1194.2 956.9 855.7 953.7 9

10 Private pension funds 2924.1 3308.1 3612.2 4159.7 4282.4 3762.8 3667.6 3293.8 2520.8 2204.0 2547.6 10

11 Defined benefit plans 1300.2 1452.9 1567.7 1729.9 1690.7 1481.2 1418.3 1236.3 903.5 760.2 860.7 11

12 Defined contribution plans 1623.9 1855.2 2044.5 2429.8 2591.7 2281.6 2249.3 2057.5 1617.3 1443.9 1686.8 12

13 State and local govt. retirement funds 1557.3 1761.2 1887.3 2129.2 2193.2 1954.8 1918.9 1728.9 1312.2 1168.4 1366.2 13

14 Federal government retirement funds 79.9 99.2 112.6 138.1 149.1 128.4 127.6 111.1 85.6 74.7 92.5 14

15 Mutual funds 1904.1 2321.9 2650.4 3097.2 3380.3 3070.5 3075.3 2554.8 1910.3 1700.3 2106.0 15

16 Other 13099.1 14406.9 16285.9 17345.3 18283.5 18353.7 18305.2 18178.7 17410.6 17045.5 16941.8 16

17 Liabilities 9842.8 11012.1 12164.2 13414.0 14318.1 14416.4 14368.2 14514.8 14216.9 14102.5 14068.0 17

18 Net worth 46902.1 52494.0 58823.3 63334.9 63910.6 61452.2 60577.8 57824.7 52917.1 51141.5 53139.9 18

 Memo:

19 Equity shares excluding defined benefit plans 11227.3 12776.9 13927.5 16466.4 17019.6 15539.0 15184.1 13343.2 10436.4 9214.0 11093.2 19

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

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 24.9 25.2 24.5 26.5 26.7 25.0 24.7 22.6 18.9 17.1 19.8 20

21 Financial assets (line 3) 39.9 40.8 40.2 42.4 41.3 38.8 38.3 35.3 30.2 27.5 31.5 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.