110 Z.1, September 17, 2010

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, 2010 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, 2010

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2005 2006 2007 2008 2009 2009 2010

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Current receipts, NIPA basis 3659.3 3995.2 4197.0 4074.0 3726.9 3745.5 3674.6 3702.5 3785.0 3904.0 3966.1 1

 2 Personal current taxes 1208.6 1352.4 1488.7 1438.2 1140.0 1213.4 1112.5 1117.0 1117.2 1134.7 1136.2 2

 3 Taxes on production and imports 930.2 986.8 1027.2 1045.1 1024.7 1016.7 1018.7 1028.2 1035.2 1045.9 1057.1 3

 4 Taxes on corporate income 395.9 454.2 420.6 280.2 231.4 198.0 200.1 233.1 294.6 379.2 416.7 4

 5 Taxes from the rest of the world 12.1 14.0 14.7 16.8 13.2 14.2 13.2 12.9 12.4 12.6 12.6 5

 6 Contributions for govt. social insurance 877.4 926.4 964.2 992.1 975.1 969.0 976.4 975.4 979.5 992.9 1000.5 6

 7 Income receipts on assets 111.9 129.6 144.2 146.9 162.2 156.0 164.0 162.1 166.8 159.3 162.3 7

 8 Current transfer receipts 126.7 136.0 149.2 171.4 193.5 194.0 204.0 185.5 190.5 191.4 193.9 8

 9 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.7 -13.2 -15.8 -14.2 -11.7 -11.3 -12.1 -13.1 9

10 Current expenditures, NIPA basis 3916.4 4147.9 4430.0 4737.7 4998.8 4790.3 5045.0 5078.4 5081.5 5189.6 5270.2 10

11 Consumption expenditures 1977.9 2093.3 2217.8 2382.8 2411.5 2373.8 2413.0 2425.3 2434.0 2464.7 2484.3 11

12 Government social benefits 1494.0 1596.1 1701.2 1857.8 2112.3 2002.2 2139.6 2139.0 2168.2 2224.6 2268.8 12

13 Other current transfer payments 40.9 34.9 42.2 44.8 52.7 44.0 56.9 63.1 46.8 62.5 52.8 13

14 Interest payments 342.7 372.2 414.3 399.4 362.0 313.5 378.3 382.0 374.1 380.3 405.9 14

15 Subsidies 60.9 51.4 54.6 52.8 60.3 56.8 57.2 69.1 58.4 57.4 58.4 15

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

17 Net government saving, NIPA basis -257.1 -152.7 -233.0 -663.6 -1271.8 -1044.8 -1370.3 -1375.9 -1296.4 -1285.7 -1304.1 17

18 + Consumption of fixed capital 250.6 269.3 291.3 312.3 325.3 324.3 324.9 325.1 326.8 329.6 333.0 18

19 - Insurance and pension fund reserves (1) 0.7 0.1 0.1 -0.6 0.5 1.0 -0.4 -1.4 2.7 -4.0 -0.8 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.9 4.8 4.8 4.8 4.7 4.8 5.1 5.2 20

21 - Net capital transfers (2) 10.0 -14.7 -2.6 3.0 14.5 4.5 11.6 16.5 25.6 17.7 36.4 21

22 = Gross saving less net capital transfers -21.9 126.6 56.1 -358.6 -966.4 -730.7 -1061.4 -1070.6 -1002.7 -974.9 -1011.9 22

23 Gross investment 28.8 233.9 124.0 -429.3 -890.1 -811.9 -1129.6 -833.1 -785.6 -949.7 -1283.1 23

24 Fixed investment 392.0 425.1 456.5 495.5 503.4 498.2 506.3 508.5 500.5 491.0 508.3 24

25 Nonproduced nonfinancial assets 9.8 -2.2 12.5 -5.3 6.3 -13.6 10.6 15.1 13.1 13.7 13.4 25

26 Net financial investment -373.0 -189.0 -345.0 -919.6 -1399.7 -1296.5 -1646.6 -1356.7 -1299.2 -1454.4 -1804.8 26

27 Net acquisition of financial assets 148.6 214.1 205.3 578.8 310.7 233.3 506.2 497.3 5.9 380.5 275.1 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 3.5 14.3 195.3 -5.4 2.7 0.5 28

29 Checkable deposits and currency 21.7 2.7 20.4 321.6 -154.9 -342.0 215.2 -229.3 -263.4 154.7 210.4 29

30 Time and savings deposits 11.8 26.4 37.6 17.9 11.2 64.6 -14.3 20.5 -26.0 37.3 -37.4 30

31 Money market fund shares 5.1 6.8 4.4 -2.4 4.5 0.7 5.4 7.5 4.5 6.9 -2.7 31

32 Security RPs 10.0 13.5 8.7 -4.7 8.9 1.3 10.7 14.8 8.9 13.5 -5.3 32

33 Credit market instruments 60.1 88.5 39.3 -3.4 274.5 254.2 294.5 328.0 221.3 117.4 3.6 33

34 Open market paper 13.1 17.6 -8.7 -66.2 -53.3 -78.3 -86.0 -20.6 -28.3 -22.3 -47.0 34

35 Agency- and GSE-backed securities (3) 28.4 38.3 24.6 41.0 156.5 231.5 183.5 106.1 104.9 18.5 -35.1 35

36 Municipal securities 0.4 0.5 0.3 -0.2 0.3 0.0 0.4 0.5 0.3 0.5 -0.2 36

37 Corporate and foreign bonds 9.0 12.1 7.8 -4.2 8.6 1.2 11.1 14.0 8.1 12.3 -4.5 37

38 Mortgages 13.1 18.2 11.4 8.4 22.2 5.0 33.3 47.0 3.3 9.3 -0.5 38

39 Consumer credit 3.7 1.9 6.7 12.6 75.0 36.4 57.0 86.7 119.9 84.6 57.2 39

40 Other loans and advances (4) -7.7 -0.0 -2.9 5.2 65.2 58.4 95.2 94.2 13.1 14.4 33.7 40

41 Corporate equities 2.5 -4.4 7.6 279.2 18.3 301.5 -100.3 94.4 -222.6 -63.4 86.5 41

42 Mutual fund shares 0.8 -1.3 2.0 14.3 -7.2 14.5 -19.3 -18.3 -5.6 -5.3 -4.5 42

43 Trade receivables 19.5 2.2 10.1 -0.7 17.0 1.6 13.6 19.1 33.7 20.7 -18.5 43

44 Taxes receivable 40.9 5.1 -34.7 -68.8 7.7 -53.7 54.2 7.7 22.8 11.0 58.5 44

45 Miscellaneous assets -9.2 77.3 110.3 21.5 78.7 -12.8 32.4 57.5 237.6 84.9 -16.0 45

46 Net increase in liabilities 521.7 403.1 550.2 1498.4 1710.4 1529.8 2152.8 1853.9 1305.1 1834.9 2080.0 46

47 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 0.0 190.4 0.0 0.0 0.0 47

48 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 0.0 12.0 0.0 0.0 0.0 48

49 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.0 -0.0 -1.0 -0.4 0.0 -0.0 49

50 Credit market instruments 385.9 301.0 406.8 1342.1 1533.9 1558.5 2073.2 1515.3 988.5 1743.7 1963.3 50

51 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -0.2 -1.7 -3.4 -5.8 -3.8 -2.8 51

52 Other Treasury securities (4) 214.3 150.9 222.7 1293.5 1426.2 1436.8 1979.7 1382.1 905.9 1614.2 1996.9 52

53 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 -3.2 -1.1 3.7 1.2 0.3 1.1 53

54 Municipal securities 171.3 153.1 190.4 50.8 110.4 125.0 96.3 132.9 87.2 133.0 -31.9 54

55 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 55

56 Trade payables 65.8 40.6 66.4 66.6 43.7 -6.4 8.8 81.5 91.1 70.4 43.4 56

57 Insurance reserves 1.1 1.5 1.2 1.0 1.1 -0.2 2.1 0.2 2.4 -0.3 0.7 57

58 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 -22.0 68.8 55.5 223.5 21.1 72.5 58

59 Discrepancy -50.6 -107.3 -68.0 70.7 -76.3 81.2 68.2 -237.5 -217.1 -25.1 271.2 59

 Memo:

60 Net govt. saving less fixed investment (6) -649.1 -577.8 -689.5 -1159.2 -1775.2 -1543.0 -1876.6 -1884.4 -1797.0 -1776.6 -1812.5 60

61 Adjustment between NIPA and FOF (7) 276.1 388.8 344.5 239.6 375.5 246.5 230.0 527.7 497.7 322.2 7.6 61

62 Items to be financed (8) -373.0 -189.0 -345.0 -919.6 -1399.7 -1296.5 -1646.6 -1356.7 -1299.2 -1454.4 -1804.8 62

(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 transactions with state and local governments.

(5) 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.

(6) Line 17 less line 24.

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

(8) Line 59 plus line 60.
Z.1, September 17, 2010 113

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

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

2005 2006 2007 2008 2009 2009 2010

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2398.5 2573.9 2756.7 3278.7 3490.6 3271.7 3389.5 3524.2 3490.6 3589.9 3619.8 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 40.4 46.0 97.3 94.6 92.2 89.8 2

 3 Checkable deposits and currency 93.3 94.8 113.6 433.6 278.6 332.6 404.4 346.0 278.6 300.7 373.6 3

 4 Time and savings deposits 184.8 211.2 248.8 266.6 277.8 279.9 269.0 274.9 277.8 284.0 266.8 4

 5 Money market fund shares 71.7 78.5 82.9 80.5 85.1 80.7 82.1 83.9 85.1 86.8 86.1 5

 6 Security RPs 141.2 154.6 163.3 158.6 167.5 158.9 161.6 165.3 167.5 170.9 169.5 6

 7 Credit market instruments 1133.8 1222.3 1261.7 1258.3 1532.8 1324.5 1396.6 1479.3 1532.8 1564.9 1564.2 7

 8 Open market paper 184.8 202.4 193.8 127.6 74.3 108.0 86.5 81.4 74.3 68.7 57.0 8

 9 Agency- and GSE-backed securities (1) 401.6 439.9 464.5 505.6 662.0 563.4 609.3 635.8 662.0 666.7 657.9 9

10 Municipal securities 5.0 5.5 5.8 5.6 5.9 5.6 5.7 5.9 5.9 6.1 6.0 10

11 Corporate and foreign bonds 127.2 139.4 147.2 142.9 151.5 143.2 146.0 149.5 151.5 154.6 153.5 11

12 Mortgages 228.5 246.7 258.1 266.5 288.7 267.7 276.1 287.8 288.7 291.0 290.9 12

13 Consumer credit 89.8 91.7 98.4 111.0 186.0 122.7 135.4 157.8 186.0 209.8 222.6 13

14 Other loans and advances (2) 96.8 96.8 93.9 99.1 164.3 113.7 137.5 161.1 164.3 168.0 176.4 14

15 Corporate equities 96.8 106.0 113.0 274.9 189.7 285.3 235.9 259.7 189.7 184.5 156.5 15

16 Mutual fund shares 29.6 32.5 34.3 33.3 35.2 33.4 33.9 34.7 35.2 35.9 30.6 16

17 Trade receivables 215.7 217.9 227.9 227.3 244.3 227.9 233.8 240.0 244.3 249.7 247.8 17

18 Taxes receivable 232.6 285.1 342.5 389.3 416.1 397.8 404.0 417.2 416.1 420.9 429.9 18

19 Miscellaneous assets 163.8 136.3 132.4 114.3 169.0 110.3 122.3 125.9 169.0 199.5 205.0 19

20 Total liabilities 7792.1 8189.7 8740.7 10238.6 11946.0 10679.7 11067.9 11562.0 11946.0 12460.9 12823.2 20

21 SDR allocations 7.0 7.4 7.7 7.5 55.4 7.3 7.6 56.0 55.4 53.6 55.4 21

22 SDR certificates 2.2 2.2 2.2 2.2 5.2 2.2 2.2 5.2 5.2 5.2 5.2 22

23 Treasury currency 27.5 28.1 27.4 26.6 26.2 26.6 26.5 26.3 26.2 26.2 26.2 23

24 Credit market instruments 6064.3 6365.3 6772.1 8114.2 9648.1 8577.6 8947.9 9352.9 9648.1 10156.8 10492.1 24

25 Savings bonds 205.1 202.4 196.4 194.0 191.2 193.9 193.5 192.4 191.2 190.2 189.6 25

26 Other Treasury securities (2) 3991.5 4142.4 4365.2 5658.7 7084.9 6093.7 6435.2 6824.1 7084.9 7563.3 7902.4 26

27 Budget agency securities 23.8 23.5 23.1 23.3 23.5 22.5 22.3 23.2 23.5 23.6 23.9 27

28 Municipal securities 1843.9 1997.0 2187.4 2238.2 2348.5 2267.5 2297.0 2313.3 2348.5 2379.7 2376.3 28

29 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 29

30 Trade payables 684.7 725.3 791.7 858.3 902.0 862.5 874.3 895.2 902.0 927.9 947.6 30

31 Insurance reserves 42.7 44.2 45.4 46.4 47.5 46.3 46.9 46.9 47.5 47.4 47.6 31

32 Miscellaneous liabilities (4) 963.7 1017.2 1094.2 1183.5 1261.6 1157.1 1162.5 1179.5 1261.6 1243.8 1249.1 32

(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, 2010

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

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2005 2006 2007 2008 2009 2009 2010

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Net acquisition of financial assets -35.4 -46.6 -76.4 -82.4 -35.1 -71.1 -42.8 -14.1 -12.5 -48.4 -24.7 1

 2 Checkable deposits and currency 0.1 0.2 0.2 0.1 2.8 0.0 0.1 5.0 6.1 7.3 8.9 2

 3 Time and savings deposits 5.6 0.4 1.6 1.1 3.3 4.7 0.6 3.9 4.0 4.0 4.1 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 4

 5 Security RPs 0.7 0.3 0.2 0.1 -0.0 -0.0 0.1 -0.1 -0.1 -0.1 -0.1 5

 6 Credit market instruments 33.8 34.3 84.8 71.8 114.1 124.8 88.0 144.6 98.8 106.8 67.9 6

 7 Open market paper 0.6 0.3 -4.5 10.1 -4.1 5.5 2.9 -14.4 -10.5 -7.6 -5.5 7

 8 Treasury securities 1.4 11.8 32.8 10.1 97.9 91.3 69.8 148.3 82.0 85.0 220.2 8

 9 Agency- and GSE-backed securities 16.1 2.6 26.7 13.7 -23.4 -20.5 -31.2 -31.0 -10.8 -10.0 -187.5 9

10 Corporate and foreign bonds 15.9 19.6 30.3 38.2 44.6 49.5 46.9 42.7 39.1 40.3 41.5 10

11 Mortgages -0.2 -0.1 -0.5 -0.3 -0.9 -1.0 -0.4 -1.1 -1.0 -0.9 -0.8 11

12 Corporate equities -49.0 -107.9 -209.0 -171.1 -159.6 -186.6 -171.4 -158.1 -122.4 -143.8 -120.0 12

13 Mutual fund shares -7.0 -0.2 20.1 15.5 -5.2 -4.1 -6.5 -7.6 -2.7 -9.7 12.0 13

14 Miscellaneous assets -19.8 26.3 25.6 0.0 9.6 -9.8 46.3 -1.7 3.8 -13.0 2.5 14

15 Unallocated insurance contracts (1) -16.4 12.0 29.0 24.0 5.6 4.3 13.5 -4.3 8.9 -10.4 4.0 15

16 Contributions receivable -1.9 -0.2 -0.2 -0.1 -0.4 -0.4 7.8 -4.4 -4.4 -2.0 -0.9 16

17 Other -1.5 14.5 -3.1 -23.9 4.4 -13.7 25.0 7.0 -0.7 -0.6 -0.6 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 107.8 100.1 108.1 30.6 70.1 31.2 88.0 111.0 50.1 78.9 52.3 1

 2 Checkable deposits and currency 0.2 0.2 0.4 0.3 1.4 0.1 -1.5 5.1 1.8 2.6 2.9 2

 3 Time and savings deposits 0.7 0.5 3.0 -0.8 1.4 2.0 -1.7 4.1 1.3 -0.1 0.9 3

 4 Money market fund shares 1.9 3.4 3.4 2.3 0.6 1.4 0.5 0.3 0.3 0.2 0.0 4

 5 Security RPs 0.3 0.4 3.1 7.2 3.1 14.9 3.8 17.0 -23.2 0.4 -19.8 5

 6 Credit market instruments 11.4 24.1 17.7 18.9 -2.5 21.2 -19.2 -14.2 2.3 1.3 8.9 6

 7 Open market paper 2.4 -0.1 -0.3 0.2 -6.4 -3.8 -0.9 -12.1 -8.8 -12.1 -8.7 7

 8 Treasury securities 2.1 2.4 5.9 5.3 27.9 25.9 19.3 28.3 38.1 38.6 42.8 8

 9 Agency- and GSE-backed securities 0.7 14.0 1.4 7.7 -25.7 -9.7 -33.6 -31.3 -28.1 -28.1 -27.0 9

10 Corporate and foreign bonds 6.3 8.1 9.5 4.5 -1.8 5.8 -6.3 -3.2 -3.4 -1.8 -3.6 10

11 Mortgages 0.0 -0.2 1.2 1.2 3.5 3.1 2.3 4.0 4.4 4.8 5.3 11

12 Corporate equities 6.9 21.4 20.7 -13.6 -16.0 -48.0 -17.2 -10.2 11.4 9.0 8.9 12

13 Mutual fund shares 77.0 75.0 68.0 5.0 70.0 32.0 104.0 96.0 48.0 100.0 40.0 13

14 Miscellaneous assets 9.4 -25.0 -8.1 11.3 12.0 7.6 19.2 12.9 8.3 -34.6 10.6 14

15 Unallocated insurance contracts (2) 15.0 -13.4 -2.7 14.2 4.5 10.3 6.6 0.5 0.8 -17.7 10.6 15

16 Contributions receivable 0.0 -1.8 4.7 0.8 2.9 3.9 10.3 -2.5 -0.2 -0.2 -0.4 16

17 Other -5.6 -9.8 -10.1 -3.7 4.6 -6.6 2.2 14.9 7.7 -16.6 0.4 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: 206.4 247.4 275.7 247.5 198.6 216.6 225.9 233.1 118.9 -26.3 ND 1

 2 Commercial banking 7.3 26.7 8.7 37.4 27.5 51.6 35.9 10.7 11.6 10.4 ND 2

 3 Saving institutions 0.1 3.9 13.5 6.8 3.3 7.5 7.2 4.8 -6.5 6.3 ND 3

 4 Credit unions 1.6 3.9 5.0 7.2 8.7 16.8 9.4 5.0 3.8 4.5 ND 4

 5 Life insurance companies 28.2 12.2 17.9 29.9 11.2 91.1 -23.8 -15.2 -7.4 -3.9 ND 5

 6 Money market mutual funds 7.0 34.0 44.0 46.0 -38.0 32.0 -76.0 -64.0 -44.0 -48.0 ND 6

 7 Mutual funds 80.0 111.2 122.6 -127.1 151.2 -81.3 283.8 254.2 148.0 56.7 ND 7

 8 Other self-directed accounts 82.2 55.5 63.9 247.3 34.8 98.9 -10.6 37.6 13.5 -52.2 ND 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, 2010 115

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

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

2005 2006 2007 2008 2009 2009 2010

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2281.3 2529.5 2596.0 1853.5 2104.7 1721.0 1869.3 2039.9 2104.7 2170.2 2051.7 1

 2 Checkable deposits and currency 5.3 5.5 5.8 5.9 8.7 5.9 5.9 7.2 8.7 10.5 12.8 2

 3 Time and savings deposits 42.0 42.3 44.0 45.0 48.3 46.2 46.4 47.3 48.3 49.3 50.4 3

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

 5 Security RPs 5.1 5.4 5.6 5.8 5.7 5.8 5.8 5.8 5.7 5.7 5.7 5

 6 Credit market instruments 468.5 502.8 587.6 659.3 773.4 690.5 712.5 748.7 773.4 800.1 817.1 6

 7 Open market paper 5.1 5.5 1.0 11.0 6.9 12.4 13.1 9.5 6.9 5.0 3.6 7

 8 Treasury securities 60.0 71.8 104.6 114.8 212.7 137.6 155.1 192.2 212.7 233.9 289.0 8

 9 Agency- and GSE-backed securities 198.5 201.1 227.8 241.5 218.2 236.4 228.6 220.9 218.2 215.7 168.8 9

10 Corporate and foreign bonds 200.6 220.2 250.6 288.7 333.3 301.1 312.8 323.5 333.3 343.4 353.8 10

11 Mortgages 4.2 4.1 3.6 3.2 2.3 3.0 2.9 2.6 2.3 2.1 1.9 11

12 Corporate equities 1392.8 1520.7 1423.8 777.1 805.2 651.1 715.7 791.4 805.2 819.1 702.3 12

13 Mutual fund shares 253.4 296.4 338.6 228.0 286.3 203.7 235.7 271.7 286.3 301.6 285.0 13

14 Miscellaneous assets 114.3 156.4 190.7 132.4 177.1 117.7 147.3 167.8 177.1 183.8 178.5 14

15 Unallocated insurance contracts (1) 88.8 116.5 154.2 119.9 160.5 108.7 130.0 149.9 160.5 167.9 163.0 15

16 Contributions receivable 1.8 1.6 1.4 1.3 0.9 1.2 3.1 2.0 0.9 0.4 0.2 16

17 Other 23.7 38.2 35.1 11.3 15.7 7.8 14.1 15.8 15.7 15.5 15.4 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 3107.3 3553.3 3814.5 2699.2 3366.3 2525.7 2861.0 3230.4 3366.3 3538.4 3270.7 1

 2 Checkable deposits and currency 5.5 5.7 6.0 6.4 7.7 6.4 6.0 7.3 7.7 8.4 9.1 2

 3 Time and savings deposits 20.3 20.8 23.7 22.9 24.3 23.4 23.0 24.0 24.3 24.3 24.5 3

 4 Money market fund shares 86.7 90.1 93.5 95.7 96.4 96.1 96.2 96.3 96.4 96.4 96.4 4

 5 Security RPs 16.6 17.0 20.1 27.3 30.5 31.1 32.0 36.3 30.5 30.6 25.6 5

 6 Credit market instruments 231.4 255.6 273.3 292.1 289.6 297.4 292.6 289.1 289.6 290.0 292.2 6

 7 Open market paper 26.4 26.3 26.0 26.1 19.7 25.2 24.9 21.9 19.7 16.7 14.5 7

 8 Treasury securities 56.5 59.0 64.9 70.2 98.1 76.7 81.5 88.5 98.1 107.7 118.4 8

 9 Agency- and GSE-backed securities 53.5 67.5 68.9 76.6 50.9 74.2 65.8 57.9 50.9 43.9 37.2 9

10 Corporate and foreign bonds 89.3 97.4 106.9 111.4 109.6 112.8 111.2 110.4 109.6 109.1 108.2 10

11 Mortgages 5.6 5.4 6.6 7.8 11.3 8.6 9.2 10.2 11.3 12.5 13.8 11

12 Corporate equities 1048.9 1204.1 1249.5 822.7 1030.6 731.5 850.5 979.3 1030.6 1099.1 971.6 12

13 Mutual fund shares 1332.0 1584.0 1772.0 1138.0 1531.0 1065.0 1253.0 1456.0 1531.0 1628.0 1506.6 13

14 Miscellaneous assets 365.9 376.2 376.4 294.1 356.2 274.8 307.6 342.1 356.2 361.7 344.7 14

15 Unallocated insurance contracts (2) 249.6 271.4 277.1 197.7 252.3 179.1 208.7 240.1 252.3 262.0 245.0 15

16 Contributions receivable 43.0 41.2 45.8 46.7 49.6 47.6 50.2 49.6 49.6 49.5 49.4 16

17 Other 73.3 63.6 53.4 49.7 54.3 48.1 48.6 52.4 54.3 50.2 50.3 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.

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

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

 1 Total held at: 3652.0 4207.0 4784.0 3585.0 4251.0 3430.0 3768.0 4105.0 4251.0 4342.0 ND 1

 2 Commercial banking 175.3 202.0 210.7 248.1 275.5 261.0 269.9 272.6 275.5 278.1 ND 2

 3 Saving institutions 53.8 57.6 71.2 77.9 81.2 79.8 81.6 82.8 81.2 82.7 ND 3

 4 Credit unions 49.3 53.2 58.2 65.5 74.2 69.7 72.0 73.3 74.2 75.3 ND 4

 5 Life insurance companies 381.0 406.0 426.0 382.9 407.0 379.0 389.0 404.0 407.0 414.0 ND 5

 6 Money market mutual funds 141.0 175.0 219.0 265.0 227.0 273.0 254.0 238.0 227.0 215.0 ND 6

 7 Mutual funds 1474.0 1753.0 1973.0 1253.0 1642.0 1156.0 1354.0 1559.0 1642.0 1697.0 ND 7

 8 Other self-directed accounts 1377.6 1560.2 1825.9 1292.7 1544.1 1211.6 1347.4 1475.3 1544.1 1579.8 ND 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, 2010 Flow of Funds Matrix for 2009

(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) (1

 1 Gross saving less net cap. transfers -- 1910.8 -- 1282.5 -- 248.2 -- -1214.5 -- 2226.9 -- 380.3 -- 25 2 Capital consumption -- 1186.3 -- 1095.1 -- 200.9 -- 124.4 -- 2606.8 -- -- -- 15 3 Net saving (1 less 2) -- 724.5 -- 187.3 -- 47.2 -- -1338.9 -- -379.8 -- 380.3 -- 10 4 Gross investment (5 plus 11) 1568.3 -- 1203.4 -- 279.3 -- -1169.3 -- 1881.7 -- 215.9 -- 214.5  5 Capital expenditures 1359.8 -- 1034.9 -- 364.3 -- 145.4 -- 2904.4 -- 0.0 -- 146.6  6 Consumer durables 958.5 -- -- -- -- -- -- -- 958.5 -- -- -- --  7 Residential 293.8 -- 58.4 -- 6.1 -- 1.6 -- 359.8 -- -- -- -0.1  8 Nonresidential 118.9 -- 1098.8 -- 344.9 -- 150.9 -- 1713.4 -- -- -- 146.7  9 Inventory change -- -- -127.2 -- -- -- -- -- -127.2 -- -- -- -- 10 Nonproduced nonfinancial assets -11.3 -- 5.0 -- 13.4 -- -7.0 -- 0.0 -- 0.0 -- -- 11 Net financial investment 208.5 -- 168.5 -- -85.1 -- -1314.7 -- -1022.7 -- 215.9 -- 67.9 12 Financial uses 10.8 -- 87.4 -- 64.5 -- 267.4 -- 430.1 -- 151.7 -- -1746.9 13 Financial sources -- -197.7 -- -81.1 -- 149.6 -- 1582.0 -- 1452.8 -- -64.2 -- -18114 U.S. official reserve assets -- -- -- -- -- -- 51.9 47.6 51.9 47.6 47.6 52.3 0.3 15 SDR certificates -- -- -- -- -- -- -- 3.0 -- 3.0 -- -- 3.0 16 Treasury currency -- -- -- -- -- -- -- -0.4 -- -0.4 -- -- 4.0 17 Foreign deposits -10.3 -- 23.7 -- -- -- -- -- 13.4 -- -- -171.6 -32.2 18 Interbank claims -- -- -- -- -- -- -- -- -- -- -292.9 -- -349.5 -6019 Checkable dep. and currency 4.9 -- 179.3 -- 19.4 -- -174.2 -- 29.4 -- -9.4 -- -27.6 20 Time and savings deposits 94.3 -- 114.9 -- 10.8 -- 0.3 -- 220.4 -- -43.0 -- 198.0 3721 Money market fund shares -271.9 -- -78.9 -- 4.5 -- -- -- -346.2 -- 0.3 -- -152.7 -4922 Fed. funds and security RPs -- -- 2.6 -- 8.9 -- -- -- 11.6 -- -84.8 -- -125.6 2023 Credit market instruments -311.3 -241.8 -18.2 -298.2 -29.6 111.2 325.2 1443.9 -33.8 1015.0 208.1 191.8 -792.3 -18224 Open market paper 28.7 -- -15.2 -72.4 -53.3 -- -- -- -39.9 -72.4 -43.3 57.8 -378.1 -4425 Treasury securities 346.6 -- 9.9 -- 20.4 -- -- 1443.7 376.8 1443.7 583.9 -- 483.0 26 Agency- and GSE-backed sec. -650.9 -- 1.9 -- -14.6 -- 171.1 0.1 -492.5 0.1 -175.0 -- 607.3 -627 Municipal securities 105.5 15.1 -1.0 5.4 0.3 110.4 -- -- 104.9 130.9 10.1 -- 15.9 28 Corporate and fgn. bonds -126.5 -- -- 381.6 8.0 -- 0.6 -- -117.9 381.6 -143.0 144.9 216.3 -5729 Bank loans n.e.c. -- 30.0 -- -325.7 -- -- -- -- -- -295.7 -- -11.2 -774.3 -4630 Other loans and advances -5.3 0.5 -- -155.3 -- 0.8 66.0 -- 60.8 -153.9 -24.6 0.3 -472.4 -2831 Mortgages -9.4 -172.2 -11.1 -131.9 9.6 -- 12.6 0.0 1.7 -304.1 -- -- -302.4 32 Consumer credit -- -115.3 -2.6 -- -- -- 75.0 -- 72.4 -115.3 -- -- -187.6 33 Corporate equities 41.3 -- -- -64.7 17.7 -- 0.6 -- 59.6 -64.7 142.5 63.3 112.0 3134 Mutual fund shares 360.9 -- 39.9 -- -7.2 -- -- -- 393.6 -- 17.7 -- 78.7 4935 Trade credit -- 10.9 -87.3 -89.6 9.1 38.4 7.9 5.4 -70.3 -35.0 3.1 -2.0 -38.2 436 Security credit -74.1 38.1 -- -- -- -- -- -- -74.1 38.1 0.0 0.0 -21.8 -1337 Life insurance reserves 27.8 -- -- -- -- -- -- 1.1 27.8 1.1 -- -- -- 238 Pension fund reserves 133.0 -- -- -- -- -- -- -- 133.0 -- -- -- -- 1339 Taxes payable -- -- -- -6.8 -12.6 -- 20.3 -- 7.7 -6.8 -- -- -- 40 Equity in noncorp. business -5.1 -- -- -1.4 -- -- -- -- -5.1 -1.4 -- -- -- 41 Miscellaneous 21.1 -4.9 -88.6 379.8 43.3 -- 35.4 81.4 11.2 456.3 162.4 -198.0 -603.2 -3442 Sector discrepancies (1 less 4) 342.5 -- 79.0 -- -31.1 -- -45.2 -- 345.2 -- 164.3 -- 40.5 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, 2010 Flow of Funds Matrix for 2009

(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 44260.2 -- 17546.2 -- 2600.6 -- 1409.4 -- 65816.4 -- 15816.5 -- 63692.0  2 Total liabilities and equity -- 14068.5 -- 37807.3 -- 2993.5 -- 9471.9 -- 64341.2 -- 12666.6 --  3 Total liabilities -- 14068.5 -- 19056.6 -- 2993.5 -- 9471.9 -- 45590.5 -- 8689.2 --  4 U.S. official reserve assets -- -- -- -- -- -- 94.6 55.4 94.6 55.4 55.4 119.7 36.2  5 SDR certificates -- -- -- -- -- -- -- 5.2 -- 5.2 -- -- 5.2  6 Treasury currency -- -- -- -- -- -- -- 26.2 -- 26.2 -- -- 42.7  7 Foreign deposits 46.2 -- 48.9 -- -- -- -- -- 95.1 -- -- 768.3 97.1  8 Interbank claims -- -- -- -- -- -- -- -- -- -- 70.1 -- 1126.4  9 Checkable dep. and currency 256.0 -- 778.3 -- 85.0 -- 193.6 -- 1312.9 -- 360.7 -- 413.5 10 Time and savings deposits 6139.7 -- 892.3 -- 275.9 -- 1.9 -- 7309.8 -- 230.1 -- 776.4 11 Money market fund shares 1300.7 -- 702.9 -- 85.1 -- -- -- 2088.7 -- 70.0 -- 1100.0 12 Fed. funds and security RPs -- -- 10.2 -- 167.5 -- -- -- 177.6 -- 30.1 -- 827.1 13 Credit market instruments 4054.0 13602.2 317.3 10870.5 1353.9 2362.1 698.3 7805.4 6423.5 34640.2 7783.1 2012.0 38074.1 14 Open market paper 34.6 -- 44.8 59.1 74.3 -- -- -- 153.7 59.1 189.6 399.8 794.7 15 Treasury securities 727.6 -- 103.9 -- 505.9 -- -- 7781.9 1337.4 7781.9 3697.2 -- 2747.3 16 Agency- and GSE-backed sec. 64.4 -- 12.1 -- 436.5 -- 225.5 23.5 738.6 23.5 1187.7 -- 6180.2 17 Municipal securities 1007.8 264.3 31.2 198.3 5.9 2348.5 -- -- 1044.9 2811.2 60.6 -- 1705.7 18 Corporate and fgn. bonds 2093.8 -- -- 4145.1 151.0 -- 0.6 -- 2245.3 4145.1 2465.2 1493.6 6738.1 19 Bank loans n.e.c. -- 147.7 -- 1405.7 -- -- -- -- -- 1553.4 -- 96.8 1921.8 20 Other loans and advances 24.5 133.7 -- 1488.5 -- 13.5 177.9 -- 202.3 1635.7 182.7 21.9 1890.4 21 Mortgages 101.3 10577.6 68.0 3573.8 180.3 -- 108.4 0.0 458.0 14151.4 -- -- 13860.3 22 Consumer credit -- 2478.9 57.2 -- -- -- 186.0 -- 243.2 2478.9 -- -- 2235.7 23 Corporate equities 7247.4 -- -- 12361.2 122.4 -- 67.4 -- 7437.1 12361.2 2438.6 3977.4 10123.1 24 Mutual fund shares 4175.1 -- 189.7 -- 35.2 -- -- -- 4400.0 -- 321.7 -- 2239.9 25 Trade credit -- 241.2 2599.3 2070.0 171.7 631.4 72.6 270.6 2843.5 3213.2 93.1 61.2 144.0 26 Security credit 668.6 203.0 -- -- -- -- -- -- 668.6 203.0 0.0 0.0 422.6 27 Life insurance reserves 1242.1 -- -- -- -- -- -- 47.5 1242.1 47.5 -- -- -- 28 Pension fund reserves 11941.6 -- -- -- -- -- -- -- 11941.6 -- -- -- -- 29 Taxes payable -- -- -- 134.4 280.9 -- 135.1 -- 416.1 134.4 -- -- -- 30 Equity in noncorp. business 6401.7 -- -- 6389.6 -- -- -- -- 6401.7 6389.6 -- -- -- 31 Miscellaneous 787.1 22.1 12007.4 5981.6 23.1 -- 145.8 1261.6 12963.6 7265.3 4363.7 5727.9 8263.7 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 (line 4) because by international accounting convention, monetary gold is a financial asset without a corresponding liability.
118 Z.1, September 17, 2010

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

2004 2005 2006 2007 2008 2009 2010

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Assets 63817.4 71623.9 77553.3 78608.7 65693.1 62947.0 64647.6 67140.0 67710.1 68967.8 67412.8 1

 2 Tangible assets 24599.9 28317.7 29464.3 27946.0 24261.7 23126.9 23236.8 23421.3 23449.9 23526.4 23675.2 2

 3 Financial assets 39217.5 43306.2 48089.0 50662.8 41431.4 39820.2 41410.8 43718.7 44260.2 45441.3 43737.6 3

 4 Deposits 5732.4 6139.9 6753.1 7406.6 7925.6 7902.8 7794.6 7634.2 7742.6 7667.9 7559.1 4

 5 Credit market instruments 2997.4 3324.6 3471.5 4066.7 3956.4 4386.7 4079.0 4153.0 4054.0 4257.1 4329.6 5

 6 Equity shares at market value 15990.0 17396.6 20357.6 20939.0 12473.5 10935.1 13060.8 15321.9 15873.8 16750.0 14867.8 6

 7 Directly held 7483.9 8093.0 9643.7 9626.1 5776.3 4989.8 6017.8 7098.7 7247.4 7680.0 6767.9 7

 8 Indirectly held 8506.0 9303.7 10713.9 11312.9 6697.2 5945.3 7043.0 8223.2 8626.4 9069.9 8100.0 8

 9 Life insurance companies 1028.9 1140.1 1334.7 1466.8 956.9 887.9 1037.7 1210.5 1268.1 1340.2 1265.8 9

10 Private pension funds 3287.8 3630.8 4155.6 4260.5 2471.9 2158.5 2527.7 2926.7 3055.6 3209.9 2867.6 10

11 Defined benefit plans 1452.9 1567.7 1729.9 1660.7 903.5 757.6 847.8 952.6 975.2 999.0 862.6 11

12 Defined contribution plans 1835.0 2063.1 2425.7 2599.8 1568.5 1400.9 1679.9 1974.1 2080.3 2210.8 2005.0 12

13 State and local govt. retirement funds 1761.2 1887.3 2129.0 2221.0 1338.3 1191.8 1391.6 1622.0 1702.6 1796.2 1572.9 13

14 Federal government retirement funds 99.2 112.6 138.1 149.1 85.6 74.7 92.5 110.4 119.4 127.8 112.6 14

15 Mutual funds 2329.0 2532.9 2956.4 3215.5 1844.4 1632.5 1993.4 2353.6 2480.7 2595.8 2281.1 15

16 Other 14497.7 16445.0 17506.9 18250.4 17076.0 16595.6 16476.4 16609.8 16589.8 16766.5 16981.0 16

17 Liabilities 11029.3 12184.0 13444.4 14366.8 14266.2 14151.4 14117.9 14107.5 14068.5 13946.6 13912.7 17

18 Net worth 52788.1 59439.9 64108.9 64242.0 51426.9 48795.6 50529.7 53032.5 53641.6 55021.2 53500.1 18

 Memo:

19 Equity shares excluding defined benefit plans 12756.6 13922.1 16477.2 17035.9 10219.3 8975.1 10809.2 12733.4 13181.8 13940.0 12419.6 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) 25.1 24.3 26.2 26.6 19.0 17.4 20.2 22.8 23.4 24.3 22.1 20

21 Financial assets (line 3) 40.8 40.2 42.3 41.3 30.1 27.5 31.5 35.0 35.9 36.9 34.0 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.