58 Z.1, December 11, 2008

L.1 Credit Market Debt Outstanding (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total credit market debt owed by: 34605.3 37785.9 41244.2 45325.6 46487.1 47475.1 48779.5 49882.3 50621.5 51066.3 51796.3 1

 2 Domestic nonfinancial sectors 22441.4 24446.7 26769.4 29188.3 29831.3 30369.7 31056.8 31718.2 32181.2 32353.1 32937.8 2

 3 Household sector 9500.1 10573.0 11740.3 12939.0 13125.0 13374.7 13618.7 13815.3 13876.1 13907.2 13921.2 3

 4 Nonfinancial corporate business 4973.9 5177.9 5510.3 5976.5 6147.9 6387.2 6565.6 6772.4 6867.7 6989.2 7016.9 4

 5 Nonfarm noncorporate business 2198.7 2443.8 2775.4 3184.1 3259.1 3354.7 3486.7 3602.6 3684.6 3732.6 3750.5 5

 6 Farm business 168.0 174.1 186.9 197.7 199.2 204.2 208.5 214.0 217.2 226.3 223.9 6

 7 State and local governments 1567.6 1683.0 1854.7 2005.8 2062.7 2121.7 2144.3 2191.7 2213.1 2223.7 2224.7 7

 8 Federal government 4033.1 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 5800.6 8

 9 Rest of the world 1252.7 1437.7 1512.3 1879.8 1905.9 1971.7 1973.0 2016.5 2081.1 2099.1 1961.7 9

10 Financial sectors 10915.2 11906.4 12968.7 14265.4 14757.6 15141.8 15758.1 16154.8 16365.7 16619.3 16904.1 10

11 Commercial banking 660.4 738.7 823.9 998.0 1015.6 1062.5 1184.3 1261.2 1312.9 1394.2 1461.5 11

12 U.S.-chartered commercial banks 338.0 356.7 393.6 497.8 494.9 510.6 597.2 629.6 647.2 655.9 785.9 12

13 Foreign banking offices in U.S. 0.6 0.7 0.8 0.5 0.3 0.4 0.3 0.5 0.4 0.3 0.0 13

14 Bank holding companies 321.8 381.3 429.5 499.7 520.3 551.5 586.8 631.1 665.4 737.9 675.6 14

15 Savings institutions 296.8 385.8 409.6 297.8 288.3 289.5 375.9 395.1 407.3 400.7 345.3 15

16 Credit unions 9.1 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 43.5 16

17 Life insurance companies 8.0 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 42.9 17

18 Government-sponsored enterprises 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 18

19 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 19

20 ABS issuers 2217.2 2654.6 3378.8 4186.3 4344.1 4493.3 4535.7 4502.5 4432.8 4319.3 4207.0 20

21 Finance companies 995.3 1129.6 1108.6 1144.2 1234.2 1240.3 1280.4 1279.6 1301.4 1299.3 1281.7 21

22 REITs 230.3 340.2 396.2 411.8 429.4 427.6 423.4 421.5 404.7 399.1 391.7 22

23 Brokers and dealers 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 120.1 85.9 273.5 23

24 Funding corporations 519.3 517.1 622.7 652.5 722.7 728.8 743.0 788.2 777.8 781.2 799.7 24

25 Total credit market assets held by: 34605.3 37785.9 41244.2 45325.6 46487.1 47475.1 48779.5 49882.3 50621.5 51066.3 51796.3 25

26 Domestic nonfinancial sectors 4786.8 5212.0 5712.1 6019.8 6196.4 6200.5 6357.2 6336.7 6177.9 6140.3 6153.7 26

27 Household sector 3047.5 3355.2 3648.6 3842.8 3977.6 3956.4 4153.8 4160.2 4116.7 4087.7 4086.9 27

28 Nonfinancial corporate business 266.2 297.4 339.6 328.5 330.8 316.2 277.3 263.4 167.2 167.5 169.6 28

29 Nonfarm noncorporate business 73.9 85.4 96.8 96.7 100.3 104.1 109.2 113.4 116.3 118.0 118.9 29

30 State and local governments 1125.6 1198.1 1352.0 1470.6 1501.9 1537.2 1528.2 1512.0 1484.7 1473.2 1479.9 30

31 Federal government 273.6 275.9 275.0 281.2 285.8 286.6 288.7 287.6 292.9 293.9 298.4 31

32 Rest of the world 3836.1 4634.7 5188.3 6198.2 6531.6 6825.8 6964.3 7367.4 7551.7 7801.0 7853.3 32

33 Financial sectors 25982.4 27939.3 30343.7 33107.6 33759.2 34448.8 35458.0 36178.1 36891.9 37125.0 37789.2 33

34 Monetary authority 666.7 717.8 744.2 778.9 780.9 790.5 779.6 740.6 631.0 509.1 777.8 34

35 Commercial banking 5994.3 6602.3 7260.7 8019.1 8025.9 8217.4 8465.0 8757.0 8885.9 8950.0 9327.0 35

36 U.S.-chartered commercial banks 5390.6 5961.8 6469.7 7122.7 7091.0 7234.7 7417.6 7638.7 7721.0 7785.3 8212.5 36

37 Foreign banking offices in U.S. 490.3 513.3 657.8 761.6 805.9 855.3 914.8 963.3 1008.9 983.1 942.2 37

38 Bank holding companies 36.4 36.4 32.2 35.6 31.4 30.1 35.4 58.7 59.7 84.1 75.0 38

39 Banks in U.S.-affiliated areas 76.9 90.8 101.0 99.3 97.6 97.4 97.2 96.4 96.3 97.6 97.2 39

40 Savings institutions 1293.9 1417.4 1616.7 1518.6 1577.5 1595.2 1628.9 1584.3 1598.8 1606.6 1323.7 40

41 Credit unions 516.6 556.4 592.6 622.7 629.2 641.0 652.6 657.9 665.0 684.7 697.7 41

42 Property-casualty insurance companies 625.2 698.8 765.8 813.5 821.7 830.4 838.9 839.8 836.6 835.0 842.1 42

43 Life insurance companies 2488.3 2661.4 2765.4 2806.1 2831.3 2855.4 2882.4 2888.6 2914.2 2933.3 2949.7 43

44 Private pension funds 646.5 646.1 690.6 741.6 773.3 794.2 826.7 862.9 890.2 909.1 917.6 44

45 State and local govt. retirement funds 657.5 675.3 693.4 769.7 767.5 772.2 787.5 799.8 801.8 800.5 809.6 45

46 Federal government retirement funds 63.6 68.2 76.0 84.3 88.1 88.9 93.3 96.1 106.1 108.1 115.1 46

47 Money market mutual funds 1471.3 1346.3 1340.8 1560.8 1649.5 1699.2 1801.8 1951.5 2253.4 2232.7 2186.6 47

48 Mutual funds 1506.4 1623.0 1747.1 1932.0 2005.4 2093.5 2141.6 2203.1 2256.7 2356.6 2366.3 48

49 Closed-end funds 152.6 163.6 165.8 171.8 171.6 175.1 170.6 170.6 165.6 161.2 153.1 49

50 Exchange-traded funds 4.5 8.2 15.0 20.7 22.4 26.3 28.7 33.5 37.8 43.0 49.7 50

51 Government-sponsored enterprises 2564.2 2613.0 2543.9 2590.5 2558.4 2596.7 2758.9 2829.5 2893.4 2987.8 3021.2 51

52 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 52

53 ABS issuers 2119.5 2547.4 3275.2 4074.8 4229.5 4381.5 4428.3 4388.0 4311.4 4211.3 4109.7 53

54 Finance companies 1204.9 1419.8 1537.1 1626.7 1617.2 1615.0 1635.9 1638.8 1648.5 1637.3 1621.9 54

55 REITs 96.4 198.6 239.8 265.8 288.6 280.7 248.0 244.3 224.0 224.0 211.1 55

56 Brokers and dealers 424.1 394.9 477.2 583.4 677.2 583.8 718.2 803.1 864.3 691.8 830.2 56

57 Funding corporations 159.3 205.9 254.5 289.2 288.3 336.2 327.9 225.2 304.9 481.3 584.4 57

(1) Excludes corporate equities and mutual fund shares.
Z.1, December 11, 2008 59

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Domestic 22441.4 24446.7 26769.4 29188.3 29831.3 30369.7 31056.8 31718.2 32181.2 32353.1 32937.8 1

 2 By instrument 22441.4 24446.7 26769.4 29188.3 29831.3 30369.7 31056.8 31718.2 32181.2 32353.1 32937.8 2

 3 Commercial paper 82.5 97.8 90.1 112.5 126.2 154.3 131.4 123.8 140.0 139.9 146.5 3

 4 Treasury securities 4008.2 4370.7 4678.0 4861.7 5014.3 4904.0 5010.0 5099.2 5299.1 5250.6 5777.5 4

 5 Agency- and GSE-backed securities 24.9 24.3 23.8 23.5 23.2 23.2 23.0 23.1 23.5 23.5 23.1 5

 6 Municipal securities 1900.5 2031.0 2225.9 2403.2 2465.6 2533.8 2561.1 2618.6 2643.0 2664.1 2669.0 6

 7 Corporate bonds 2900.1 2975.6 3032.3 3247.9 3319.5 3414.8 3469.9 3559.1 3600.9 3685.3 3703.8 7

 8 Bank loans n.e.c. 1088.4 1099.2 1236.8 1410.2 1433.9 1466.2 1572.7 1656.8 1719.5 1742.3 1819.3 8

 9 Other loans and advances 1038.6 1096.7 1212.8 1352.4 1405.5 1479.4 1562.7 1634.9 1648.7 1667.6 1649.1 9

10 Mortgages 9294.0 10532.1 11955.8 13358.6 13644.2 13961.8 14224.0 14450.7 14576.6 14623.9 14559.0 10

11 Home 7231.5 8268.5 9380.6 10456.3 10671.6 10883.8 11035.5 11168.4 11236.6 11228.1 11166.8 11

12 Multifamily residential 543.5 591.9 664.4 717.8 734.1 758.2 785.4 816.9 834.4 851.3 866.0 12

13 Commercial 1424.8 1574.8 1809.2 2083.0 2135.5 2215.2 2296.9 2357.7 2396.9 2435.1 2415.9 13

14 Farm 94.1 96.9 101.5 101.5 103.0 104.6 106.2 107.8 108.6 109.4 110.3 14

15 Consumer credit 2104.4 2219.4 2313.9 2418.3 2399.0 2432.2 2502.2 2551.9 2529.9 2555.8 2590.5 15

16 By sector 22441.4 24446.7 26769.4 29188.3 29831.3 30369.7 31056.8 31718.2 32181.2 32353.1 32937.8 16

17 Household sector 9500.1 10573.0 11740.3 12939.0 13125.0 13374.7 13618.7 13815.3 13876.1 13907.2 13921.2 17

18 Nonfinancial business 7340.6 7795.8 8472.6 9358.2 9606.1 9946.2 10260.9 10588.9 10769.5 10948.1 10991.4 18

19 Corporate 4973.9 5177.9 5510.3 5976.5 6147.9 6387.2 6565.6 6772.4 6867.7 6989.2 7016.9 19

20 Nonfarm noncorporate 2198.7 2443.8 2775.4 3184.1 3259.1 3354.7 3486.7 3602.6 3684.6 3732.6 3750.5 20

21 Farm 168.0 174.1 186.9 197.7 199.2 204.2 208.5 214.0 217.2 226.3 223.9 21

22 State and local governments 1567.6 1683.0 1854.7 2005.8 2062.7 2121.7 2144.3 2191.7 2213.1 2223.7 2224.7 22

23 Federal government 4033.1 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 5800.6 23

 Foreign credit market debt

24 held in U.S. 1252.7 1437.7 1512.3 1879.8 1905.9 1971.7 1973.0 2016.5 2081.1 2099.1 1961.7 24

25 Commercial paper 275.5 344.2 382.4 479.5 474.0 472.2 424.2 412.2 460.2 470.2 401.8 25

26 Bonds 868.9 985.0 1011.6 1275.5 1331.3 1389.2 1432.7 1478.1 1486.3 1497.4 1424.7 26

27 Bank loans n.e.c. 66.1 69.9 84.4 98.3 74.7 84.9 91.5 102.8 111.7 109.4 113.3 27

28 Other loans and advances 42.2 38.6 34.0 26.6 25.8 25.4 24.6 23.4 22.9 22.1 22.0 28

29 Domestic and foreign 23694.1 25884.4 28281.7 31068.1 31737.2 32341.4 33029.8 33734.6 34262.3 34452.3 34899.6 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 10915.2 11906.4 12968.7 14265.4 14757.6 15141.8 15758.1 16154.8 16365.7 16619.3 16904.1 1

 2 Open market paper 935.0 957.1 1171.7 1366.0 1403.5 1483.3 1302.0 1252.6 1184.4 1138.3 1007.0 2

 3 GSE issues 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 3

 4 Agency- and GSE-backed mortgage pool sec. 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 4

 5 Corporate bonds 3277.9 3965.1 4652.9 5458.6 5790.8 5901.0 6180.4 6255.9 6290.7 6257.3 6133.0 5

 6 Bank loans n.e.c. 164.0 222.1 239.1 175.0 183.3 196.8 225.2 241.0 282.9 286.3 542.1 6

 7 Other loans and advances 501.7 575.8 620.2 641.4 624.4 642.0 821.8 867.1 896.4 906.7 1003.6 7

 8 Mortgages 104.7 130.6 144.5 151.5 147.7 150.0 153.2 157.2 162.2 159.9 161.2 8

 9 By sector 10915.2 11906.4 12968.7 14265.4 14757.6 15141.8 15758.1 16154.8 16365.7 16619.3 16904.1 9

10 Commercial banks 338.6 357.4 394.3 498.3 495.3 511.0 597.5 630.1 647.5 656.2 785.9 10

11 Bank holding companies 321.8 381.3 429.5 499.7 520.3 551.5 586.8 631.1 665.4 737.9 675.6 11

12 Savings institutions 296.8 385.8 409.6 297.8 288.3 289.5 375.9 395.1 407.3 400.7 345.3 12

13 Credit unions 9.1 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 43.5 13

14 Life insurance companies 8.0 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 42.9 14

15 Government-sponsored enterprises 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 15

16 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 16

17 ABS issuers 2217.2 2654.6 3378.8 4186.3 4344.1 4493.3 4535.7 4502.5 4432.8 4319.3 4207.0 17

18 Brokers and dealers 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 120.1 85.9 273.5 18

19 Finance companies 995.3 1129.6 1108.6 1144.2 1234.2 1240.3 1280.4 1279.6 1301.4 1299.3 1281.7 19

20 REITs 230.3 340.2 396.2 411.8 429.4 427.6 423.4 421.5 404.7 399.1 391.7 20

21 Funding corporations 519.3 517.1 622.7 652.5 722.7 728.8 743.0 788.2 777.8 781.2 799.7 21
60 Z.1, December 11, 2008

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

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total 34605.3 37785.9 41244.2 45325.6 46487.1 47475.1 48779.5 49882.3 50621.5 51066.3 51796.3 1

 2 Open market paper 1292.9 1399.1 1644.2 1958.0 2003.7 2109.8 1857.6 1788.6 1784.6 1748.4 1555.3 2

 3 Treasury securities 4008.2 4370.7 4678.0 4861.7 5014.3 4904.0 5010.0 5099.2 5299.1 5250.6 5777.5 3

 4 Agency- and GSE-backed securities 5952.9 6075.2 6158.0 6488.6 6623.4 6783.8 7090.1 7396.9 7566.0 7889.0 8072.9 4

 5 Municipal securities 1900.5 2031.0 2225.9 2403.2 2465.6 2533.8 2561.1 2618.6 2643.0 2664.1 2669.0 5

 6 Corporate and foreign bonds 7047.0 7925.6 8696.8 9982.0 10441.5 10705.1 11083.0 11293.1 11378.0 11440.1 11261.5 6

 7 Bank loans n.e.c. 1318.4 1391.2 1560.3 1683.4 1692.0 1747.9 1889.4 2000.6 2114.1 2138.1 2474.8 7

 8 Other loans and advances 1582.5 1711.1 1866.9 2020.3 2055.7 2146.7 2409.0 2525.5 2568.1 2596.4 2674.7 8

 9 Mortgages 9398.6 10662.7 12100.3 13510.1 13791.9 14111.8 14377.2 14608.0 14738.8 14783.9 14720.1 9

10 Consumer credit 2104.4 2219.4 2313.9 2418.3 2399.0 2432.2 2502.2 2551.9 2529.9 2555.8 2590.5 10

 Memo:

 Selected claims not included above:

11 Corporate equities 16638.7 18947.2 20645.4 24079.1 24754.1 26123.9 26367.6 25187.4 22668.7 22222.7 19648.4 11

12 Mutual fund shares 4654.2 5436.3 6048.9 7068.3 7328.7 7805.2 7989.3 7829.0 7336.4 7412.3 6588.3 12

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

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

 Total credit market debt

 1 (from table L.4) 34605.3 37785.9 41244.2 45325.6 46487.1 47475.1 48779.5 49882.3 50621.5 51066.3 51796.3 1

 2 Official foreign exchange 62.3 62.2 45.9 46.0 46.6 46.1 48.7 50.0 54.8 54.9 51.4 2

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

 4 Treasury currency 26.0 26.7 27.5 28.1 28.2 28.5 28.8 28.7 28.5 28.4 28.1 4

 5 Foreign deposits 867.1 957.0 997.8 1085.8 1158.4 1251.1 1309.1 1302.5 1208.6 1140.7 1104.8 5

 6 Net interbank liabilities 193.0 212.2 201.3 190.0 50.5 65.4 112.5 122.1 44.2 85.7 460.2 6

 7 Checkable deposits and currency 1437.5 1522.8 1527.2 1507.3 1501.5 1498.6 1499.7 1537.6 1530.9 1540.6 1940.5 7

 8 Small time and savings deposits 4003.3 4284.9 4599.3 4946.3 5076.1 5111.9 5165.1 5232.6 5388.7 5416.4 5541.3 8

 9 Large time deposits 1226.8 1505.1 1789.5 2050.8 2118.9 2146.5 2282.0 2370.4 2448.0 2412.7 2384.9 9

10 Money market fund shares 2016.4 1879.8 2006.9 2312.1 2389.7 2488.7 2799.9 3053.2 3407.8 3343.2 3376.5 10

11 Security RPs 1348.5 1435.4 1741.5 2148.6 2360.6 2398.1 2384.0 2165.9 2169.8 1897.1 1676.2 11

12 Mutual fund shares 4654.2 5436.3 6048.9 7068.3 7328.7 7805.2 7989.3 7829.0 7336.4 7412.3 6588.3 12

13 Security credit 858.8 1038.2 1038.4 1249.9 1289.0 1379.5 1374.5 1526.4 1647.1 1564.9 1626.9 13

14 Life insurance reserves 1013.2 1060.4 1082.6 1163.7 1172.7 1191.1 1199.6 1201.5 1194.0 1202.2 1187.7 14

15 Pension fund reserves 9722.4 10632.6 11368.9 12483.6 12575.3 13023.6 13158.1 13007.4 12196.2 12109.2 11508.7 15

16 Trade payables 2465.4 2659.8 3000.2 3217.3 3289.9 3379.7 3447.9 3535.3 3614.1 3735.5 3667.3 16

17 Taxes payable 240.4 268.9 297.0 321.0 340.3 340.1 351.8 346.7 364.7 365.0 373.6 17

18 Miscellaneous 12287.8 13827.1 15112.3 16447.5 16344.8 16461.3 16797.1 17346.1 18235.9 18321.4 19848.8 18

19 Total liabilities 77030.3 84597.4 92131.5 101594.2 103560.4 106092.7 108729.8 110539.9 111493.2 111698.8 113163.6 19

 + Financial assets not included in

 liabilities:

20 Gold and SDRs 23.7 24.6 19.3 19.9 20.0 20.1 20.3 20.5 20.9 20.9 20.5 20

21 Corporate equities 16638.7 18947.2 20645.4 24079.1 24754.1 26123.9 26367.6 25187.4 22668.7 22222.7 19648.4 21

22 Household equity in noncorp. bus. 5560.9 6318.5 7149.4 7672.6 7796.2 7893.4 7923.3 7898.7 7845.7 7845.7 7731.8 22

 - Liabilities not identified as assets:

23 Treasury currency -9.5 -9.7 -9.1 -10.1 -10.2 -10.0 -9.8 -9.9 -10.2 -10.3 -10.6 23

24 Foreign deposits 705.3 767.2 782.5 886.8 962.1 1050.6 1072.0 1040.9 937.7 884.3 858.5 24

25 Net interbank transactions 12.7 27.3 25.2 23.2 33.0 19.9 20.8 21.7 15.0 8.8 -50.9 25

26 Security RPs 182.1 36.5 124.1 120.4 148.3 141.8 90.7 -176.3 -205.8 -343.6 -441.9 26

27 Taxes payable 80.6 89.1 76.3 34.4 41.5 27.0 25.3 6.8 12.0 0.1 -3.1 27

28 Miscellaneous -3620.1 -3732.5 -3624.2 -4692.2 -5406.8 -5854.2 -6231.4 -6211.4 -6318.4 -6426.4 -5413.3 28

 - Floats not included in assets:

29 Checkable deposits: Federal govt. -17.9 11.2 1.8 0.1 1.3 -0.8 0.8 2.8 5.9 1.7 9.1 29

30 Other 20.8 20.0 19.2 11.4 10.0 10.0 6.4 10.3 11.2 9.9 8.0 30

31 Trade credit 25.9 37.1 6.3 153.6 110.0 69.7 65.2 154.5 108.4 78.1 95.6 31

32 Totals identified to sectors as assets 101873.7 112641.4 122543.4 136838.3 140241.4 144676.1 148001.2 148807.1 147472.9 147585.5 145512.8 32
Z.1, December 11, 2008 61

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

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 31663.1 34990.6 37788.4 42227.8 43432.4 44748.2 45455.8 44962.2 43369.8 43112.2 41102.0 1

 2 Foreign deposits 52.1 57.5 59.9 65.2 69.6 75.1 78.6 78.2 72.6 68.5 58.9 2

 3 Checkable deposits and currency 583.1 637.5 576.0 609.0 641.3 587.3 513.1 541.0 506.6 510.0 524.4 3

 4 Time and savings deposits 4316.4 4790.0 5291.6 5791.8 6036.8 6067.3 6179.9 6292.8 6425.5 6407.6 6472.9 4

 5 Money market fund shares 1023.8 973.2 1023.2 1198.0 1199.4 1258.2 1344.4 1454.3 1569.4 1512.7 1554.3 5

 6 Securities 12663.3 14188.7 15411.4 17498.8 18197.4 18841.9 19143.7 18347.4 17165.2 16991.9 15457.2 6

 7 Open market paper 105.9 136.1 164.2 187.7 191.2 197.9 167.4 149.7 122.5 92.7 59.1 7

 8 U.S. savings bonds 203.8 204.4 205.1 202.4 200.3 198.6 197.1 196.4 195.3 194.9 194.2 8

 9 Other Treasury securities 282.6 381.2 362.3 294.4 283.0 265.3 234.3 60.7 124.5 141.4 158.2 9

10 Agency- and GSE-backed securities 437.9 405.7 501.2 439.4 488.2 548.0 665.0 737.7 733.0 707.0 828.4 10

11 Municipal securities 706.8 747.1 825.8 879.7 883.9 917.7 913.7 912.8 907.1 924.7 912.5 11

12 Corporate and foreign bonds 1234.2 1401.0 1506.4 1754.9 1845.5 1743.3 1891.0 2017.6 1948.5 1931.6 1846.1 12

13 Corporate equities (2) 6787.7 7495.9 8007.0 9275.4 9634.0 9994.4 9975.0 9300.2 8418.0 8193.5 7250.0 13

14 Mutual fund shares 2904.3 3417.4 3839.3 4465.1 4671.4 4976.8 5100.2 4972.4 4716.4 4806.1 4208.7 14

15 Private life insurance reserves 972.7 1018.8 1039.9 1119.5 1128.6 1146.4 1154.8 1156.1 1148.7 1156.4 1142.0 15

16 Private insured pension reserves 1803.2 2027.9 2197.4 2332.4 2354.8 2423.8 2457.5 2437.8 2385.8 2394.6 2340.5 16

17 Private noninsured pension reserves 4561.6 4955.8 5334.8 5923.1 5975.2 6219.0 6284.3 6186.6 5693.8 5628.8 5228.9 17

18 Govt. insurance and pension reserves 3398.1 3690.4 3879.5 4272.2 4289.5 4425.5 4461.0 4428.3 4162.0 4131.6 3985.1 18

19 Miscellaneous and other assets 2288.9 2650.7 2974.9 3417.7 3539.9 3703.6 3838.5 4039.6 4240.3 4310.0 4338.0 19

20 Total liabilities 13207.9 14732.6 16426.4 18284.8 18567.2 19005.3 19399.6 19791.7 20006.5 20029.2 20179.8 20

21 Mortgage debt on nonfarm homes 7212.7 8245.1 9349.5 10417.0 10630.6 10842.7 10993.6 11126.2 11195.1 11189.3 11131.0 21

22 Other mortgage debt (3) 1552.7 1704.4 1821.5 2063.3 2110.7 2184.7 2273.9 2345.7 2391.3 2433.8 2437.1 22

23 Consumer credit 2104.4 2219.4 2313.9 2418.3 2399.0 2432.2 2502.2 2551.9 2529.9 2555.8 2590.5 23

24 Policy loans 105.2 106.8 107.6 110.9 111.5 112.7 114.3 114.5 115.7 116.8 117.8 24

25 Security credit 182.5 264.0 232.4 292.1 279.0 334.0 296.5 325.5 365.3 291.5 400.6 25

26 Other liabilities (3) 2050.4 2192.9 2601.6 2983.2 3036.3 3099.0 3219.2 3327.9 3409.2 3442.1 3503.0 26

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

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

(3) Includes corporate farms.
62 Z.1, December 11, 2008

L.100 Households and Nonprofit Organizations (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 35404.3 39189.5 42441.5 46983.9 48213.6 49518.7 50099.7 49456.7 47727.7 47419.2 45271.3 1

 2 Deposits 5403.8 5789.6 6179.2 6793.8 7052.4 7064.2 7138.9 7351.5 7534.0 7443.7 7548.0 2

 3 Foreign deposits 52.1 57.5 59.9 65.2 69.6 75.1 78.6 78.2 72.6 68.5 58.9 3

 4 Checkable deposits and currency 389.0 356.1 230.0 202.3 226.1 161.5 66.8 77.4 33.4 32.4 46.3 4

 5 Time and savings deposits 4002.5 4472.0 4940.0 5408.8 5640.6 5655.9 5743.4 5839.4 5958.8 5931.7 5990.8 5

 6 Money market fund shares 960.2 904.1 949.2 1117.5 1116.1 1171.7 1250.1 1356.4 1469.2 1411.1 1452.1 6

 7 Credit market instruments 3047.5 3355.2 3648.6 3842.8 3977.6 3956.4 4153.8 4160.2 4116.7 4087.7 4086.9 7

 8 Open market paper 105.9 136.1 164.2 187.7 191.2 197.9 167.4 149.7 122.5 92.7 59.1 8

 9 Treasury securities 441.5 535.4 511.3 440.4 425.0 403.3 367.9 191.1 252.2 267.7 283.3 9

10 Savings bonds 203.8 204.4 205.1 202.4 200.3 198.6 197.1 196.4 195.3 194.9 194.2 10

11 Other Treasury 237.7 331.0 306.2 238.1 224.7 204.8 170.9 -5.3 56.9 72.8 89.2 11

12 Agency- and GSE-backed securities 437.9 405.7 501.2 439.4 488.2 548.0 665.0 737.7 733.0 707.0 828.4 12

13 Municipal securities 704.1 742.7 821.3 873.9 877.9 911.5 907.2 906.0 900.2 917.7 905.4 13

14 Corporate and foreign bonds 1234.2 1401.0 1506.4 1754.9 1845.5 1743.3 1891.0 2017.6 1948.5 1931.6 1846.1 14

15 Other loans and advances (2) 3.1 5.9 8.7 8.3 10.7 13.1 14.6 16.1 16.4 16.7 17.3 15

16 Mortgages 120.7 128.5 135.6 138.2 139.2 139.2 140.7 142.0 144.0 154.3 147.3 16

17 Corporate equities (3) 6787.7 7495.9 8007.0 9275.4 9634.0 9994.4 9975.0 9300.2 8418.0 8193.5 7250.0 17

18 Mutual fund shares 2904.3 3417.4 3839.3 4465.1 4671.4 4976.8 5100.2 4972.4 4716.4 4806.1 4208.7 18

19 Security credit 475.4 578.3 575.3 655.7 690.1 745.3 757.8 866.4 984.5 992.1 986.9 19

20 Life insurance reserves 1013.2 1060.4 1082.6 1163.7 1172.7 1191.1 1199.6 1201.5 1194.0 1202.2 1187.7 20

21 Pension fund reserves 9722.4 10632.6 11368.9 12483.6 12575.3 13023.6 13158.1 13007.4 12196.2 12109.2 11508.7 21

22 Equity in noncorporate business 5560.9 6318.5 7149.4 7672.6 7796.2 7893.4 7923.3 7898.7 7845.7 7845.7 7731.8 22

23 Miscellaneous assets 489.1 541.5 591.1 631.2 643.8 673.5 693.1 698.4 722.1 739.1 762.6 23

24 Total liabilities 9860.3 11032.7 12181.4 13453.8 13630.9 13939.2 14149.8 14379.2 14484.8 14446.3 14573.7 24

25 Credit market instruments 9500.1 10573.0 11740.3 12939.0 13125.0 13374.7 13618.7 13815.3 13876.1 13907.2 13921.2 25

26 Home mortgages (4) 6886.0 7835.6 8872.5 9865.8 10065.1 10266.2 10410.5 10540.3 10609.6 10614.8 10570.7 26

27 Consumer credit 2104.4 2219.4 2313.9 2418.3 2399.0 2432.2 2502.2 2551.9 2529.9 2555.8 2590.5 27

28 Municipal securities 178.3 188.6 205.1 226.9 232.0 238.6 242.2 249.5 252.5 261.7 265.8 28

29 Bank loans n.e.c. 52.8 35.5 48.3 96.3 92.0 91.8 103.5 107.7 112.0 94.5 116.2 29

30 Other loans and advances 118.7 119.0 119.0 123.8 124.4 125.6 126.9 127.0 128.0 129.8 130.7 30

31 Commercial mortgages 159.9 174.9 181.5 208.0 212.4 220.3 233.4 238.9 244.1 250.5 247.4 31

32 Security credit 182.5 264.0 232.4 292.1 279.0 334.0 296.5 325.5 365.3 291.5 400.6 32

33 Trade payables 156.8 173.3 186.3 199.9 203.5 207.1 210.8 214.5 218.4 222.2 226.2 33

 Deferred and unpaid

34 life insurance premiums 20.9 22.5 22.4 22.8 23.4 23.4 23.8 23.9 25.0 25.4 25.8 34

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

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

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

(4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 22.
Z.1, December 11, 2008 63

L.101 Nonfinancial Business (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 11923.7 13046.8 14409.1 15759.9 16070.5 16484.8 17008.0 17360.6 17565.3 17686.4 17656.7 1

 2 Foreign deposits 38.1 53.7 60.6 49.7 45.3 55.5 56.3 49.0 47.1 46.6 42.1 2

 3 Checkable deposits and currency 385.0 459.9 598.5 546.2 537.9 585.8 623.9 651.4 661.3 638.6 600.9 3

 4 Time and savings deposits 676.6 718.4 801.9 881.6 836.2 851.0 877.0 897.1 932.5 950.3 992.0 4

 5 Money market fund shares 362.6 393.5 440.4 514.0 518.3 539.0 615.4 664.4 707.7 726.5 720.2 5

 6 Security RPs 6.0 6.4 14.6 15.6 14.1 8.9 7.9 8.4 5.5 6.4 3.2 6

 7 Credit market instruments 340.1 382.7 436.4 425.2 431.1 420.4 386.5 376.9 283.5 285.5 288.5 7

 8 Commercial paper 75.7 95.0 111.0 123.0 110.2 116.7 67.5 58.9 7.7 7.8 5.3 8

 9 Treasury securities 77.7 83.3 106.9 100.6 110.0 104.3 115.0 115.2 104.3 108.3 112.5 9

10 Agency- and GSE-backed securities 12.1 12.2 18.8 16.4 19.1 16.2 19.0 18.2 13.6 14.7 16.1 10

11 Municipal securities 38.1 36.2 36.6 33.9 44.8 36.5 38.3 37.1 15.4 13.5 14.6 11

12 Mortgages 78.0 97.4 104.4 94.6 93.9 93.2 92.9 92.3 91.3 89.8 88.1 12

13 Consumer credit 58.5 58.6 58.8 56.8 53.0 53.5 53.8 55.2 51.2 51.3 51.9 13

14 Mutual fund shares 125.9 140.5 156.3 204.0 209.7 222.0 228.1 224.8 211.2 211.6 192.2 14

15 Trade receivables 2040.1 2195.6 2540.0 2576.4 2685.3 2799.8 2871.0 2860.5 2967.8 3127.3 3051.5 15

16 Miscellaneous assets 7949.2 8696.1 9360.5 10547.2 10792.7 11002.6 11342.0 11628.2 11748.7 11693.5 11766.1 16

17 Total liabilities 13214.9 14049.1 15390.4 16718.3 16987.2 17295.9 17756.9 18081.8 18333.4 18501.6 18514.3 17

18 Credit market instruments 7340.6 7795.8 8472.6 9358.2 9606.1 9946.2 10260.9 10588.9 10769.5 10948.1 10991.4 18

19 Commercial paper 82.5 97.8 90.1 112.5 126.2 154.3 131.4 123.8 140.0 139.9 146.5 19

20 Municipal securities 164.2 169.4 176.7 181.7 182.3 185.1 186.4 189.3 189.5 190.9 191.0 20

21 Corporate bonds 2900.1 2975.6 3032.3 3247.9 3319.5 3414.8 3469.9 3559.1 3600.9 3685.3 3703.8 21

22 Bank loans n.e.c. 1035.5 1063.8 1188.5 1313.9 1341.9 1374.3 1469.2 1549.1 1607.6 1647.8 1703.1 22

23 Other loans and advances 910.2 967.7 1083.1 1217.4 1269.6 1342.2 1424.0 1496.0 1508.7 1525.6 1506.0 23

24 Mortgages 2248.0 2521.6 2901.8 3284.8 3366.7 3475.4 3580.1 3671.6 3722.8 3758.6 3740.9 24

25 Trade payables 1665.0 1786.2 2035.2 2185.4 2231.5 2276.5 2320.7 2419.3 2479.9 2577.7 2508.9 25

26 Taxes payable 150.9 166.0 179.8 188.5 203.1 199.0 206.2 198.1 212.2 207.5 212.1 26

27 Miscellaneous liabilities 4058.4 4301.1 4702.8 4986.2 4946.4 4874.3 4969.1 4875.4 4871.9 4768.4 4801.9 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
64 Z.1, December 11, 2008

L.102 Nonfarm Nonfinancial Corporate Business

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 10108.8 10931.6 11909.0 12842.9 13056.0 13362.9 13729.5 13959.0 14079.9 14151.0 14096.5 1

 2 Foreign deposits 38.1 53.7 60.6 49.7 45.3 55.5 56.3 49.0 47.1 46.6 42.1 2

 3 Checkable deposits and currency 190.9 178.4 252.4 139.5 122.7 160.0 177.6 187.8 188.1 161.0 122.7 3

 4 Time and savings deposits 362.8 400.5 450.4 498.6 440.1 439.6 440.5 443.7 465.8 474.4 509.9 4

 5 Money market fund shares 299.0 324.3 366.5 433.4 435.0 452.5 521.1 566.5 607.5 624.9 618.0 5

 6 Security RPs 6.0 6.4 14.6 15.6 14.1 8.9 7.9 8.4 5.5 6.4 3.2 6

 7 Credit market instruments 266.2 297.4 339.6 328.5 330.8 316.2 277.3 263.4 167.2 167.5 169.6 7

 8 Commercial paper 75.7 95.0 111.0 123.0 110.2 116.7 67.5 58.9 7.7 7.8 5.3 8

 9 Treasury securities 32.8 33.1 50.7 44.3 51.8 43.8 51.5 49.2 36.7 39.7 43.5 9

10 Agency- and GSE-backed securities 12.1 12.2 18.8 16.4 19.1 16.2 19.0 18.2 13.6 14.7 16.1 10

11 Municipal securities 35.4 31.8 32.1 28.2 38.9 30.3 31.8 30.4 8.5 6.5 7.5 11

12 Mortgages 51.8 66.6 68.3 59.9 57.8 55.7 53.7 51.6 49.5 47.4 45.3 12

13 Consumer credit 58.5 58.6 58.8 56.8 53.0 53.5 53.8 55.2 51.2 51.3 51.9 13

14 Mutual fund shares 125.9 140.5 156.3 204.0 209.7 222.0 228.1 224.8 211.2 211.6 192.2 14

15 Trade receivables 1702.4 1831.3 2109.0 2105.5 2198.2 2294.0 2340.4 2309.2 2402.6 2553.9 2474.1 15

16 Miscellaneous assets 7117.4 7699.1 8159.7 9068.1 9260.2 9414.3 9680.4 9906.0 9984.9 9904.7 9964.6 16

17 U.S. direct investment abroad (1) 1718.5 2056.6 2164.9 2405.3 2473.4 2531.7 2587.3 2712.5 2792.7 2853.0 2916.3 17

18 Insurance receivables 236.6 255.5 276.2 282.7 285.6 288.4 291.3 290.1 293.0 297.4 300.1 18

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

20 Investment in finance company subs. 138.5 128.8 156.1 169.3 163.5 172.2 163.9 160.7 164.3 160.0 163.4 20

21 Other 5023.8 5258.1 5562.5 6210.8 6337.7 6421.9 6637.9 6742.7 6734.8 6594.3 6584.7 21

22 Total liabilities 9867.4 10349.3 11145.3 11887.3 12050.8 12229.9 12507.1 12669.3 12811.7 12918.7 12908.2 22

23 Credit market instruments 4973.9 5177.9 5510.3 5976.5 6147.9 6387.2 6565.6 6772.4 6867.7 6989.2 7016.9 23

24 Commercial paper 82.5 97.8 90.1 112.5 126.2 154.3 131.4 123.8 140.0 139.9 146.5 24

25 Municipal securities (2) 164.2 169.4 176.7 181.7 182.3 185.1 186.4 189.3 189.5 190.9 191.0 25

26 Corporate bonds (1) 2900.1 2975.6 3032.3 3247.9 3319.5 3414.8 3469.9 3559.1 3600.9 3685.3 3703.8 26

27 Bank loans n.e.c. 548.3 547.2 515.2 532.2 545.5 558.9 601.6 637.4 663.1 679.3 703.7 27

28 Other loans and advances (3) 750.3 805.4 911.2 1023.9 1071.6 1139.7 1219.9 1283.9 1284.0 1292.9 1281.0 28

29 Mortgages 528.6 582.6 784.8 878.3 902.9 934.4 956.5 978.9 990.2 1000.9 990.9 29

30 Trade payables 1402.7 1499.9 1699.4 1837.3 1871.8 1907.3 1937.7 2026.0 2080.9 2182.2 2107.8 30

31 Taxes payable 81.2 88.0 93.1 92.8 105.7 99.7 104.3 94.1 106.7 101.1 105.3 31

32 Miscellaneous liabilities 3409.5 3583.5 3842.5 3980.8 3925.5 3835.7 3899.5 3776.9 3756.5 3646.2 3678.1 32

33 Foreign direct investment in U.S. 1192.5 1231.2 1269.6 1383.5 1450.0 1506.4 1526.6 1607.4 1659.4 1688.8 1696.8 33

34 Pension fund contributions payable 49.8 46.6 44.8 42.8 42.3 44.5 47.2 47.2 47.7 48.2 47.9 34

35 Other 2167.3 2305.6 2528.2 2554.5 2433.1 2284.8 2325.7 2122.3 2049.4 1909.3 1933.4 35

 Memo:

36 Trade receivables net of payables 299.7 331.3 409.6 268.2 326.5 386.8 402.7 283.2 321.7 371.7 366.3 36

37 Market value of equities 10845.4 12086.2 12686.8 14340.3 14848.1 15738.4 15833.1 15242.9 13733.3 13778.7 12267.6 37

38 Securities and mortgages 3592.9 3727.6 3993.8 4307.9 4404.6 4534.3 4612.8 4727.2 4780.6 4877.1 4885.7 38

39 Loans and short-term paper 1381.1 1450.3 1516.5 1668.6 1743.3 1852.9 1952.9 2045.1 2087.1 2112.1 2131.2 39

40 Total short-term liabilities (4) 2865.0 3038.2 3308.9 3598.6 3720.8 3859.9 3994.9 4165.1 4274.6 4395.3 4344.4 40

41 Total liquid assets (5) 1178.8 1276.0 1513.2 1552.6 1486.8 1545.4 1601.2 1637.0 1591.7 1593.7 1560.5 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.2 72.0 72.5 72.1 71.6 71.0 70.3 69.8 69.6 69.8 69.6 42

43 Short-term debt/credit market debt 27.8 28.0 27.5 27.9 28.4 29.0 29.7 30.2 30.4 30.2 30.4 43

44 Liquid assets/short-term liabilities 41.1 42.0 45.7 43.1 40.0 40.0 40.1 39.3 37.2 36.3 35.9 44

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

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

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

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

(5) Sum of lines 2 through 11, plus line 14.
Z.1, December 11, 2008 65

L.103 Nonfarm Noncorporate Business

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1752.5 2049.8 2432.6 2843.4 2939.6 3045.7 3201.0 3322.9 3405.8 3454.8 3478.8 1

 2 Checkable deposits and currency 172.9 259.2 323.1 381.6 389.7 399.9 420.0 436.8 446.1 450.2 450.4 2

 3 Time and savings deposits 313.8 318.0 351.6 383.0 396.1 411.4 436.5 453.4 466.7 475.9 482.1 3

 4 Money market fund shares 63.6 69.2 73.9 80.5 83.3 86.5 94.3 97.8 100.2 101.6 102.3 4

 5 Treasury securities 44.9 50.2 56.2 56.3 58.3 60.5 63.5 65.9 67.6 68.6 69.1 5

 6 Municipal securities 2.7 4.3 4.4 5.8 6.0 6.2 6.5 6.7 6.9 7.0 7.1 6

 7 Mortgages 26.3 30.8 36.2 34.6 36.1 37.4 39.2 40.7 41.8 42.4 42.7 7

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

 9 Trade receivables 337.7 364.3 430.9 470.9 487.1 505.8 530.6 551.3 565.2 573.4 577.4 9

10 Miscellaneous assets 790.6 953.7 1156.2 1430.6 1483.1 1538.0 1610.5 1670.1 1711.2 1735.6 1747.8 10

11 Insurance receivables 56.9 60.5 65.3 66.9 67.6 68.2 68.9 68.6 69.3 70.0 70.7 11

12 Equity investment in GSEs (1) 2.1 2.0 1.8 1.9 2.0 2.1 2.1 2.2 2.2 2.3 2.4 12

13 Other 731.6 891.3 1089.1 1361.8 1413.6 1467.7 1539.4 1599.3 1639.7 1663.4 1674.7 13

14 Total liabilities 3172.4 3516.8 4051.8 4634.6 4736.2 4862.2 5042.1 5201.0 5309.3 5369.6 5391.9 14

15 Credit market instruments 2198.7 2443.8 2775.4 3184.1 3259.1 3354.7 3486.7 3602.6 3684.6 3732.6 3750.5 15

16 Bank loans n.e.c. 441.7 468.9 623.4 728.5 744.7 760.9 812.7 856.2 891.8 911.4 941.0 16

17 Other loans and advances 131.6 132.8 136.5 150.5 153.6 157.4 156.6 161.5 168.8 172.9 169.8 17

18 Mortgages 1625.3 1842.1 2015.5 2305.1 2360.8 2436.4 2517.4 2584.9 2624.0 2648.2 2639.7 18

19 Trade payables 255.3 277.4 329.4 349.4 358.8 369.5 383.8 395.8 403.8 408.5 410.8 19

20 Taxes payable 69.7 78.0 86.7 95.7 97.4 99.3 101.9 104.1 105.5 106.4 106.8 20

21 Miscellaneous liabilities 648.8 717.6 860.3 1005.4 1021.0 1038.6 1069.6 1098.5 1115.4 1122.1 1123.8 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

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

 1 Total financial assets 62.4 65.5 67.5 73.7 74.9 76.2 77.5 78.8 79.7 80.6 81.5 1

 2 Checkable deposits and currency 21.2 22.3 22.9 25.0 25.5 25.9 26.4 26.8 27.1 27.4 27.7 2

 3 Miscellaneous assets 41.2 43.2 44.5 48.6 49.5 50.3 51.2 52.0 52.6 53.2 53.8 3

 4 Insurance receivables 38.7 40.5 41.7 45.6 46.2 46.9 47.6 48.5 48.9 49.5 49.9 4

 5 Equity investment in GSEs (2) 2.5 2.7 2.8 3.0 3.2 3.4 3.5 3.6 3.6 3.7 3.9 5

 6 Total liabilities 175.1 183.0 193.2 196.4 200.1 203.9 207.7 211.5 212.4 213.3 214.2 6

 7 Credit market instruments 168.0 174.1 186.9 197.7 199.2 204.2 208.5 214.0 217.2 226.3 223.9 7

 8 Bank loans n.e.c. 45.5 47.7 49.9 53.2 51.7 54.5 54.9 55.5 52.7 57.0 58.4 8

 9 Other loans and advances 28.4 29.5 35.4 43.0 44.5 45.1 47.5 50.7 55.9 59.9 55.3 9

10 Mortgages (3) 94.1 96.9 101.5 101.5 103.0 104.6 106.2 107.8 108.6 109.4 110.3 10

11 Trade payables 7.1 8.9 6.4 -1.3 0.9 -0.3 -0.8 -2.4 -4.8 -13.0 -9.7 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
66 Z.1, December 11, 2008

L.105 State and Local Governments (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1908.2 2029.5 2246.9 2460.7 2515.7 2581.4 2610.9 2634.8 2619.9 2603.6 2571.1 1

 2 Checkable deposits and currency 48.4 42.2 52.5 58.6 51.8 45.5 45.2 57.0 52.1 52.2 52.1 2

 3 Time and savings deposits 159.0 170.6 183.3 209.6 214.2 215.7 228.0 245.7 246.9 242.6 246.2 3

 4 Money market fund shares 62.7 66.6 71.7 78.5 79.6 81.3 82.5 83.5 83.2 82.9 83.2 4

 5 Security RPs 123.5 131.2 141.2 154.6 156.8 160.0 162.4 164.3 163.8 158.5 136.5 5

 6 Credit market instruments 1125.6 1198.1 1352.0 1470.6 1501.9 1537.2 1528.2 1512.0 1484.7 1473.2 1479.9 6

 7 Open market paper 161.6 171.7 184.8 202.4 205.3 209.5 202.7 195.2 178.4 174.0 154.7 7

 8 Treasury securities 364.2 389.1 481.4 516.9 535.0 550.3 541.4 531.5 523.6 522.2 535.7 8

 9 Agency- and GSE-backed securities 351.2 373.2 401.6 439.9 446.0 455.2 457.1 454.6 453.0 450.0 461.5 9

10 Municipal securities 4.4 4.7 5.0 5.5 5.6 5.7 5.8 5.8 5.8 5.8 5.8 10

11 Corporate and foreign bonds 111.3 118.2 127.2 139.4 141.3 144.2 146.4 148.1 147.6 146.4 146.9 11

12 Mortgages 132.9 141.2 151.9 166.4 168.7 172.2 174.8 176.9 176.3 174.8 175.4 12

13 Corporate equities 84.7 90.0 96.8 106.0 107.5 109.7 111.4 112.7 112.3 109.5 97.4 13

14 Mutual fund shares 25.9 27.5 29.6 32.5 32.9 33.6 34.1 34.5 34.4 36.7 31.8 14

15 Trade receivables 126.5 134.4 144.7 158.5 160.7 164.0 166.5 168.4 167.9 166.2 166.7 15

16 Taxes receivable 68.4 89.0 126.4 185.1 197.3 211.6 225.0 238.5 251.3 263.4 271.6 16

17 Miscellaneous assets 83.5 80.0 48.6 6.8 13.0 22.9 27.5 18.1 23.5 18.5 5.7 17

18 Total liabilities 1987.0 2132.9 2337.1 2523.1 2589.2 2657.6 2689.8 2747.0 2778.5 2799.5 2811.1 18

19 Credit market instruments 1567.6 1683.0 1854.7 2005.8 2062.7 2121.7 2144.3 2191.7 2213.1 2223.7 2224.7 19

20 Municipal securities 1557.9 1673.0 1844.1 1994.6 2051.3 2110.1 2132.6 2179.8 2201.1 2211.5 2212.2 20

21 Short-term 106.1 100.2 105.9 102.8 105.6 103.0 105.3 120.1 120.8 114.2 121.0 21

22 Other 1451.8 1572.8 1738.2 1891.8 1945.7 2007.1 2027.2 2059.7 2080.2 2097.3 2091.2 22

23 U.S. government loans 9.7 10.0 10.6 11.2 11.4 11.6 11.8 11.9 12.0 12.2 12.5 23

24 Trade payables 419.5 449.9 482.4 517.3 526.5 535.9 545.5 555.4 565.4 575.8 586.4 24

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

L.106 Federal Government

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

 1 Total financial assets 629.6 609.5 614.6 624.8 603.1 626.9 678.1 659.0 653.6 665.6 1009.7 1

 2 Gold, SDRs, and official foreign exchange 55.1 54.5 35.3 34.5 34.7 34.4 36.0 36.3 39.2 39.0 44.6 2

 3 Checkable deposits and currency 54.1 21.9 36.8 32.9 7.1 28.0 76.9 56.5 42.9 53.8 365.1 3

 4 Time and savings deposits 2.4 2.4 1.4 1.7 1.6 1.4 1.4 2.8 3.8 1.8 2.9 4

 5 Credit market instruments 273.6 275.9 275.0 281.2 285.8 286.6 288.7 287.6 292.9 293.9 298.4 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 117.5 114.4 107.4 108.0 108.3 108.6 107.6 105.8 105.4 103.9 107.0 7

 8 Mortgages 73.8 75.4 77.8 81.5 82.3 83.1 83.1 83.4 83.9 85.4 84.6 8

 9 Consumer credit (1) 82.4 86.1 89.8 91.7 95.1 94.9 98.0 98.4 103.5 104.6 106.9 9

10 Trade receivables 51.3 61.8 70.9 71.3 70.5 71.7 71.1 71.5 71.1 71.7 71.4 10

11 Taxes receivable 91.4 90.7 94.3 101.5 101.5 101.5 101.5 101.5 101.5 101.5 105.0 11

12 Miscellaneous assets 101.7 102.3 100.9 101.8 101.9 103.2 102.6 102.8 102.2 103.9 122.3 12

13 Total liabilities 5096.5 5533.3 5919.2 6167.8 6317.7 6234.9 6372.3 6507.5 6712.0 6696.7 7252.7 13

14 SDR certificates 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 14

15 Treasury currency 26.0 26.7 27.5 28.1 28.2 28.5 28.8 28.7 28.5 28.4 28.1 15

16 Credit market instruments 4033.1 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 5800.6 16

17 Savings bonds 203.8 204.4 205.1 202.4 200.3 198.6 197.1 196.4 195.3 194.9 194.2 17

18 Other Treasury securities 3804.4 4166.3 4472.9 4659.4 4814.0 4705.4 4812.9 4902.8 5103.8 5055.7 5583.4 18

19 Budget agency securities 24.9 24.3 23.8 23.5 23.2 23.2 23.0 23.1 23.5 23.5 23.1 19

20 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 20

21 Trade payables 151.2 166.3 198.8 205.7 213.7 226.0 230.9 228.4 237.7 252.9 248.0 21

22 Insurance reserves 40.5 41.6 42.7 44.2 44.2 44.7 44.7 45.4 45.3 45.8 45.7 22

23 Miscellaneous liabilities (2) 843.6 901.6 946.1 1002.4 992.0 1006.2 1032.7 1080.4 1075.7 1093.2 1128.0 23

24 Nonmarketable securities held by pension plans 815.0 855.9 882.9 918.7 903.4 892.8 909.0 952.0 936.9 943.5 962.3 24

25 Other 28.6 45.7 63.2 83.7 88.6 113.4 123.7 128.4 138.8 149.7 165.7 25

(1) Student loans.

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

 retirement fund, and foreign service retirement and disability fund.
Z.1, December 11, 2008 67

L.107 Rest of the World

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 8790.8 10523.4 11516.0 13959.6 14510.5 15182.8 15447.9 16048.8 16374.1 16505.6 16671.9 1

 2 Net interbank assets 109.6 118.3 106.0 96.7 -41.2 -14.1 27.7 -24.0 -151.2 -175.8 -61.1 2

 3 U.S. checkable deposits and currency 262.9 285.3 300.1 311.6 306.6 309.2 306.9 305.9 307.1 304.0 319.0 3

 4 U.S. time deposits 115.0 149.2 155.9 167.4 172.2 196.3 198.5 211.1 252.0 214.8 227.3 4

 5 Money market fund shares 18.8 22.9 23.0 25.5 27.1 28.7 30.7 32.8 34.8 36.9 38.9 5

 6 Security RPs 460.2 665.1 713.3 1029.0 1189.1 1216.1 1149.6 1107.8 1103.3 987.5 895.5 6

 7 Credit market instruments 3836.1 4634.7 5188.3 6198.2 6531.6 6825.8 6964.3 7367.4 7551.7 7801.0 7853.3 7

 8 Open market paper 192.8 229.8 239.6 287.6 297.3 303.5 283.3 276.9 282.8 303.1 254.6 8

 9 Treasury securities 1513.5 1813.6 1984.4 2126.2 2209.4 2197.5 2239.1 2432.1 2584.1 2708.2 2912.9 9

10 Official 986.3 1251.9 1340.6 1558.3 1598.7 1600.3 1574.5 1697.4 1786.0 1843.3 1959.1 10

11 Private 527.2 561.6 643.8 567.9 610.8 597.2 664.7 734.8 798.0 865.0 953.8 11

12 Agency- and GSE-backed securities 654.8 875.0 1011.9 1262.9 1313.5 1414.8 1474.5 1571.3 1618.4 1660.7 1600.4 12

13 Official 262.9 372.6 487.2 694.2 775.6 839.3 890.5 955.7 1024.4 1104.0 1089.4 13

14 Private 391.8 502.4 524.7 568.7 537.9 575.5 584.0 615.6 594.0 556.7 511.0 14

15 Municipal securities 19.5 26.0 29.0 34.4 36.5 38.7 32.5 33.0 33.5 35.0 38.0 15

16 U.S. corporate bonds (1) 1330.6 1559.1 1763.8 2320.3 2500.7 2679.1 2687.2 2780.5 2781.7 2851.4 2819.8 16

17 Loans to U.S. corporate business 125.0 131.2 159.6 166.9 174.1 192.2 247.6 273.6 251.3 242.6 227.7 17

18 U.S. corporate equities 1674.6 1904.6 2039.1 2472.2 2523.2 2777.3 2822.0 2750.5 2493.6 2418.3 2194.3 18

19 Mutual fund shares 146.1 195.8 242.0 294.1 304.3 323.5 331.2 324.5 304.1 307.3 273.1 19

20 Trade receivables 50.1 49.0 56.9 62.8 65.3 76.4 81.3 83.5 94.3 99.9 100.3 20

21 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous assets 2117.4 2498.5 2691.4 3302.1 3432.5 3443.6 3535.8 3889.2 4384.3 4511.7 4831.3 22

23 Foreign direct investment in U.S. (2) 1581.0 1742.7 1906.0 2151.6 2165.5 2230.0 2336.7 2422.8 2503.6 2600.5 2692.8 23

24 Other 536.4 755.8 785.4 1150.5 1266.9 1213.6 1199.2 1466.4 1880.7 1911.2 2138.4 24

25 Total liabilities 4759.7 5856.3 6489.3 7419.7 7469.4 7450.6 7422.2 7997.6 8490.1 8429.3 9594.0 25

 U.S. official foreign exchange

26 and net IMF position 62.3 62.2 45.9 46.0 46.6 46.1 48.7 50.0 54.8 54.9 51.4 26

27 U.S. private deposits 867.1 957.0 997.8 1085.8 1158.4 1251.1 1309.1 1302.5 1208.6 1140.7 1104.8 27

28 Credit market instruments 1252.7 1437.7 1512.3 1879.8 1905.9 1971.7 1973.0 2016.5 2081.1 2099.1 1961.7 28

29 Commercial paper 275.5 344.2 382.4 479.5 474.0 472.2 424.2 412.2 460.2 470.2 401.8 29

30 Bonds 868.9 985.0 1011.6 1275.5 1331.3 1389.2 1432.7 1478.1 1486.3 1497.4 1424.7 30

31 Bank loans n.e.c. 66.1 69.9 84.4 98.3 74.7 84.9 91.5 102.8 111.7 109.4 113.3 31

32 Official 4.5 5.5 2.6 1.9 1.8 1.9 1.8 1.9 2.0 3.1 2.3 32

33 Banks 8.9 13.4 18.1 21.9 18.4 26.1 28.0 30.2 37.8 36.8 40.8 33

34 Other 52.7 51.0 63.7 74.4 54.6 57.0 61.7 70.8 71.9 69.5 70.2 34

35 U.S. government loans 42.0 38.3 33.7 26.4 25.6 25.1 24.4 23.1 22.7 21.9 22.0 35

36 Acceptance liabilities to banks 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 36

37 Trade payables 44.7 48.2 54.5 60.7 63.1 68.7 77.8 71.9 69.3 67.7 63.4 37

38 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 2532.9 3351.3 3878.9 4347.4 4295.4 4113.0 4013.5 4556.7 5076.2 5067.0 6412.7 39

40 U.S. equity in IBRD, etc. 40.0 42.0 43.2 45.3 45.6 46.7 46.8 46.9 47.0 48.1 49.0 40

41 Nonofficial foreign currencies 2.8 2.8 0.6 0.6 0.6 0.5 0.4 24.5 21.5 62.5 288.2 41

42 U.S. direct investment abroad (1,2) 2054.5 2498.5 2651.7 2936.0 3009.3 3105.6 3176.6 3332.8 3433.4 3503.7 3582.4 42

43 Other 435.7 808.0 1183.4 1365.6 1239.9 960.3 789.7 1152.5 1574.3 1452.7 2493.0 43

 Memo:

44 Market value of foreign equities 2079.4 2560.4 3317.7 4329.0 4540.8 4979.3 5284.3 5170.6 4708.2 4665.4 3624.6 44

 held by U.S. residents (3)

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

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

(3) Includes American Depositary Receipts (ADRs).
68 Z.1, December 11, 2008

L.108 Monetary Authority (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 796.9 841.3 878.7 908.3 902.5 904.5 914.5 951.3 932.4 952.0 1534.4 1

 2 Gold and foreign exchange 30.8 32.3 29.9 31.4 31.8 31.7 33.1 34.2 36.5 36.7 27.2 2

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

 4 Treasury currency 35.5 36.4 36.5 38.2 38.4 38.5 38.6 38.7 38.7 38.7 38.7 4

 5 Federal Reserve float -0.3 0.9 0.9 -0.3 -0.9 -1.3 -0.7 -0.0 -0.6 -0.6 -1.0 5

 6 Federal Reserve loans to domestic banks 0.1 0.0 0.1 0.1 0.0 0.2 0.2 48.6 111.3 174.2 303.2 6

 7 Discount window (2) 0.1 0.0 0.1 0.1 0.0 0.2 0.2 48.6 111.3 174.2 200.0 7

 8 AMLF (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103.2 8

 9 Security RPs 43.8 33.0 46.8 40.8 33.3 25.3 44.8 46.5 76.0 114.5 83.0 9

10 Credit market instruments 666.7 717.8 744.2 778.9 780.9 790.5 779.6 740.6 631.0 509.1 777.8 10

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

12 Treasury securities 666.7 717.8 744.2 778.9 780.9 790.5 779.6 740.6 591.2 478.8 476.6 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.5 13

14 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39.7 30.3 286.7 14

15 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Brokers and dealers (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39.7 1.5 196.6 16

17 Funding corporations (Maiden Lane) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28.8 29.0 17

18 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 61.1 18

19 Miscellaneous assets 18.2 18.6 18.1 17.0 16.8 17.4 16.7 40.5 37.3 77.2 303.2 19

20 Nonofficial foreign currencies (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.0 21.0 62.0 288.2 20

21 Other 18.2 18.6 18.1 17.0 16.8 17.4 16.7 16.5 16.3 15.2 15.0 21

22 Total liabilities 788.0 829.7 865.8 892.9 885.3 887.0 896.1 932.9 910.6 930.7 1512.5 22

23 Depository institution reserves 23.1 24.0 19.0 18.7 18.3 17.3 23.0 20.8 24.2 33.5 222.1 23

24 Vault cash of commercial banks 48.0 41.5 50.1 51.7 41.2 43.5 41.5 55.0 45.4 45.7 48.0 24

25 Checkable deposits and currency 683.1 720.8 750.8 774.4 769.2 774.6 775.3 792.2 775.9 786.3 1149.3 25

26 Due to federal government 6.0 6.2 4.8 5.0 4.5 5.0 5.9 16.4 5.9 5.3 332.7 26

27 Treasury cash holdings 0.3 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 27

28 Treasury general deposit account 5.7 5.9 4.6 4.7 4.2 4.6 5.5 16.1 5.6 5.0 33.0 28

29 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 299.5 29

30 Due to rest of the world 0.2 0.1 0.1 0.2 0.1 0.2 0.2 0.1 0.1 0.3 0.1 30

31 Due to government-sponsored enterprises 0.6 1.1 2.0 0.8 0.1 0.1 0.1 1.7 0.1 0.1 26.2 31

32 Currency outside banks 676.2 713.3 743.9 768.5 764.4 769.3 769.1 773.9 769.8 780.7 790.2 32

33 Security RPs 25.7 30.8 30.5 29.6 37.3 32.3 35.7 44.0 44.1 43.8 77.9 33

34 Miscellaneous liabilities 8.3 12.5 15.3 18.5 19.4 19.3 20.7 21.0 21.0 21.3 15.2 34

35 Federal Reserve Bank stock 8.8 11.9 13.5 15.3 15.8 16.1 17.3 18.5 19.5 19.9 20.3 35

36 Other -0.6 0.6 1.8 3.2 3.5 3.2 3.4 2.5 1.5 1.5 -5.1 36

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

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

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

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

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

(6) Reciprocal currency arrangements (swap lines) with foreign central banks.
Z.1, December 11, 2008 69

L.109 Commercial Banking (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 7824.9 8559.9 9320.1 10202.9 10189.3 10450.3 10887.2 11194.1 11562.5 11694.2 12272.5 1

 2 Vault cash 48.0 41.5 50.1 51.7 41.2 43.5 41.5 55.0 45.4 45.7 48.0 2

 3 Reserves at Federal Reserve 19.7 20.8 16.3 16.7 16.3 15.0 20.5 18.2 21.4 30.7 218.6 3

 4 Checkable deposits and currency 2.5 3.5 3.0 2.9 2.7 2.1 2.9 2.3 2.3 2.3 2.3 4

 5 Total bank credit 6222.9 6832.5 7528.9 8380.7 8403.4 8583.0 8857.7 9162.0 9242.2 9288.5 9606.9 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103.2 6

 7 Treasury securities 132.3 107.8 97.1 95.2 105.3 95.9 103.3 112.5 111.9 99.7 117.6 7

 8 Agency- and GSE-backed securities 1000.0 1095.0 1089.6 1135.3 1126.4 1124.3 1060.2 1022.4 1010.6 1088.8 1080.0 8

 9 Municipal securities 132.7 140.8 157.7 180.2 188.2 190.3 192.8 192.4 203.2 202.9 223.4 9

10 Corporate and foreign bonds 481.2 563.6 687.0 780.3 804.0 848.5 922.5 978.7 1003.3 975.3 955.8 10

11 Bank loans n.e.c. 1318.4 1391.2 1560.3 1683.4 1692.0 1747.9 1889.4 2000.6 2074.3 2107.8 2188.1 11

12 Mortgages 2255.8 2595.6 2958.0 3403.1 3386.4 3472.1 3525.1 3645.7 3686.0 3662.2 3814.8 12

13 Consumer credit 669.4 704.3 707.0 741.2 723.3 737.9 771.5 804.1 796.3 813.0 844.1 13

14 Security credit 200.9 195.8 230.7 302.2 319.9 300.2 320.2 334.5 297.2 281.4 239.5 14

15 Corporate equities 15.0 20.3 24.1 35.3 35.4 40.9 43.9 41.5 33.0 31.9 20.6 15

16 Mutual fund shares 17.1 18.1 17.4 24.5 22.5 24.9 28.9 29.6 26.4 25.5 19.9 16

17 Customers’ liab. on acceptances (2) 4.4 4.0 4.0 0.4 0.3 0.4 0.3 0.5 0.3 0.3 0.0 17

18 Miscellaneous assets 1527.5 1657.5 1717.8 1750.4 1725.4 1806.3 1964.2 1956.1 2250.9 2326.7 2396.7 18

19 Total liabilities 7582.8 8361.1 8990.0 9866.4 9869.4 10180.8 10634.0 10966.2 11232.9 11306.0 11734.7 19

20 Net interbank liabilities 122.0 146.6 132.2 119.6 -9.0 4.7 48.0 46.3 -25.4 6.5 190.2 20

21 To monetary authority -0.3 1.0 1.0 -0.3 -0.8 -1.1 -0.5 48.6 110.7 173.6 302.2 21

22 To domestic banks (3) 12.7 27.3 25.2 23.2 33.0 19.9 20.8 21.7 15.0 8.8 -50.9 22

23 To foreign banks 109.6 118.3 106.0 96.7 -41.2 -14.1 27.7 -24.0 -151.2 -175.8 -61.1 23

24 Checkable deposits 607.2 646.7 610.3 574.4 566.8 560.6 564.6 586.0 588.7 585.0 637.8 24

25 Federal government 30.2 26.9 33.9 28.0 3.9 22.2 71.8 42.9 42.9 50.2 41.5 25

26 Rest of the world 4.0 13.2 19.6 28.8 30.0 34.2 31.3 33.8 35.9 32.5 41.8 26

27 Private domestic 573.0 606.6 556.8 517.6 533.0 504.2 461.5 509.3 509.9 502.2 554.5 27

28 Small time and savings deposits 2979.2 3259.8 3528.1 3815.7 3903.6 3934.1 3989.0 4079.5 4195.7 4190.7 4407.1 28

29 Large time deposits 928.1 1120.6 1363.7 1627.7 1641.4 1668.2 1801.8 1926.0 1990.8 1974.1 2043.7 29

30 Federal funds and security RPs (net) 713.2 726.4 816.6 887.1 940.0 977.0 920.9 837.4 807.0 756.7 678.4 30

31 Credit market instruments 660.4 738.7 823.9 998.0 1015.6 1062.5 1184.3 1261.2 1312.9 1394.2 1461.5 31

32 Open market paper 46.6 57.2 61.2 79.3 83.0 87.5 98.8 117.2 116.1 130.6 115.8 32

33 Corporate bonds 378.4 437.4 494.1 570.1 591.4 625.2 655.0 688.7 723.9 781.2 733.6 33

34 Other loans and advances 235.3 244.1 268.5 348.5 341.2 349.8 430.5 455.2 472.9 482.4 612.1 34

35 Taxes payable 19.1 22.2 25.6 29.3 30.3 31.3 32.3 33.3 34.3 35.4 36.4 35

36 Miscellaneous liabilities 1553.6 1700.0 1689.5 1814.5 1780.8 1942.4 2093.2 2196.6 2328.9 2363.5 2279.6 36

 Memo:

37 Credit market funds advanced (4) 5994.3 6602.3 7260.7 8019.1 8025.9 8217.4 8465.0 8757.0 8885.9 8950.0 9327.0 37

38 Consumer leases not included above (5) 0.0 0.0 0.0 0.0 13.0 12.6 11.8 11.2 11.2 10.7 9.9 38

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the

 same as branches in foreign countries.

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

(3) Floats and discrepancies in interbank transactions.

(4) Total bank credit (line 5) less security credit (line 14) less corporate equities (line 15) less mutual fund shares (line 16) plus customers’ liability on acceptances (line 17).

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

 The leased automobile is a tangible asset.
70 Z.1, December 11, 2008

L.110 U.S.-Chartered Commercial Banks

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 5838.0 6398.6 6905.5 7614.4 7591.2 7741.8 7986.8 8268.8 8506.4 8533.7 9139.8 1

 2 Vault cash and reserves at Federal Reserve 66.8 61.6 65.5 67.8 56.7 57.4 61.2 72.2 65.7 75.7 232.5 2

 3 Total bank credit 5510.4 6099.0 6603.6 7299.1 7270.9 7419.4 7625.7 7855.5 7938.9 8000.8 8431.7 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103.2 4

 5 Treasury securities 93.5 74.2 64.2 61.9 69.9 68.5 70.0 73.0 64.1 49.5 71.5 5

 6 Agency- and GSE-backed securities 906.4 996.1 992.7 1040.3 1030.6 1027.6 962.2 928.9 923.2 985.7 991.4 6

 7 Mortgage pass-through securities 491.4 581.7 579.0 647.8 652.4 647.6 595.0 592.8 616.8 676.7 697.5 7

 8 CMOs and other structured MBS 161.5 156.7 152.3 147.2 151.5 144.5 144.5 142.8 148.2 146.0 146.6 8

 9 Other 253.5 257.7 261.5 245.3 226.7 235.5 222.7 193.3 158.2 163.0 147.2 9

10 Municipal securities 132.1 140.4 157.2 178.9 186.9 189.2 191.4 190.9 201.7 201.4 221.7 10

11 Corporate and foreign bonds 305.8 364.6 411.6 470.7 474.0 485.5 551.4 572.4 572.0 566.3 557.0 11

12 Private mortgage pass-through securities 12.2 18.9 23.9 32.7 31.3 28.2 36.7 48.2 50.1 43.5 38.7 12

13 Private CMOs and other structured MBS 92.6 108.0 146.2 158.8 151.4 159.7 175.2 223.7 240.8 237.3 245.8 13

14 Other 201.0 237.7 241.5 279.1 291.3 297.7 339.4 300.5 281.1 285.5 272.5 14

15 Bank loans n.e.c. 1066.3 1131.6 1231.6 1290.8 1286.7 1324.0 1422.5 1504.7 1560.6 1591.3 1652.2 15

16 Mortgages 2213.3 2547.3 2902.1 3338.9 3319.7 3402.0 3448.7 3564.6 3603.2 3578.1 3771.5 16

17 Consumer credit 669.4 704.3 707.0 741.2 723.3 737.9 771.5 804.1 796.3 813.0 844.1 17

18 Security credit 91.4 102.2 95.6 116.5 122.0 118.9 135.3 145.9 158.4 158.1 178.7 18

19 Corporate equities 15.0 20.3 24.1 35.3 35.4 40.9 43.9 41.5 33.0 31.9 20.6 19

20 Mutual fund shares 17.1 18.1 17.4 24.5 22.5 24.9 28.9 29.6 26.4 25.5 19.9 20

21 Customers’ liab. on acceptances (1) 3.8 3.3 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous assets 257.0 234.6 233.2 247.4 263.6 264.9 299.9 341.0 501.8 457.2 475.6 22

23 Total liabilities 6140.4 6925.0 7424.3 8163.1 8150.7 8352.7 8647.9 8925.8 9090.5 9074.4 9511.3 23

24 Net interbank liabilities 184.6 274.4 292.5 365.1 318.4 353.0 456.8 522.5 533.0 632.2 685.6 24

25 Federal Reserve float -0.3 0.9 0.9 -0.3 -0.9 -1.3 -0.7 -0.0 -0.6 -0.6 -1.0 25

26 Borrowing from Federal Reserve banks 0.1 0.0 0.1 0.1 0.0 0.2 0.2 48.6 111.3 174.2 303.2 26

27 To domestic banks -53.1 -20.3 -18.4 -55.0 -65.8 -65.5 -32.3 -23.8 -51.3 -59.9 -111.9 27

28 To foreign banks 238.0 293.8 309.9 420.3 385.1 419.6 489.6 497.6 473.6 518.5 495.3 28

29 Checkable deposits 585.8 624.5 587.7 551.2 543.2 534.3 541.5 560.2 560.2 556.8 611.7 29

30 Federal government 30.2 26.9 33.9 28.0 3.9 22.2 71.8 42.9 42.9 50.2 41.5 30

31 Rest of the world 1.5 11.2 17.4 26.7 28.0 31.2 29.0 31.5 28.2 26.7 38.4 31

32 Private domestic 554.1 586.4 536.5 496.4 511.4 480.8 440.6 485.7 489.0 479.9 531.9 32

33 Small time and savings deposits 2951.6 3231.3 3494.2 3771.9 3857.8 3885.0 3936.6 4027.0 4137.5 4133.8 4356.2 33

34 Large time deposits 555.7 671.3 838.1 968.0 889.2 880.9 922.4 991.1 1009.9 963.1 1077.6 34

35 Federal funds and security RPs (net) 553.4 568.0 625.0 646.4 693.4 735.8 684.1 610.3 591.6 559.4 498.6 35

36 Acceptance liabilities 3.8 3.4 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Corporate bonds 98.9 109.3 121.7 149.2 153.7 160.8 166.6 174.4 174.2 173.5 173.8 37

38 Other loans and advances 235.3 244.1 268.5 348.5 341.2 349.8 430.5 455.2 472.9 482.4 612.1 38

39 Taxes payable 19.1 22.2 25.6 29.3 30.3 31.3 32.3 33.3 34.3 35.4 36.4 39

40 Miscellaneous liabilities 952.2 1176.6 1167.6 1333.4 1323.5 1421.9 1477.2 1551.9 1576.9 1537.9 1459.3 40

41 Investment by bank holding companies 689.8 857.0 897.0 1006.9 1017.9 1040.2 1086.4 1133.1 1158.4 1148.5 1157.3 41

42 Other 262.4 319.7 270.6 326.4 305.6 381.7 390.8 418.8 418.4 389.4 301.9 42

 Memo:

43 Credit market funds advanced (2) 5390.6 5961.8 6469.7 7122.7 7091.0 7234.7 7417.6 7638.7 7721.0 7785.3 8212.5 43

44 Consumer leases not included above (3) 0.0 0.0 0.0 0.0 13.0 12.6 11.8 11.2 11.2 10.7 9.9 44

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

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

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

 The leased automobile is a tangible asset.
Z.1, December 11, 2008 71

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

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 750.2 632.7 781.5 785.2 799.2 866.9 997.6 1003.9 1094.5 1092.1 1090.7 1

 2 Reserves at Federal Reserve 0.9 0.7 0.9 0.6 0.7 1.0 0.8 1.0 1.1 0.7 34.1 2

 3 Total bank credit 599.2 606.3 792.1 946.8 1003.5 1036.1 1099.4 1151.4 1147.3 1106.0 1003.0 3

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

 5 Treasury securities 33.7 27.8 27.9 27.1 31.5 23.5 30.3 30.6 40.1 37.2 31.3 5

 6 Agency- and GSE-backed securities 53.0 51.8 50.9 54.8 54.2 56.3 57.9 56.9 49.0 47.0 44.6 6

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

 8 Corporate and foreign bonds 159.8 182.2 262.8 292.5 315.1 348.5 352.6 369.5 394.6 370.5 359.3 8

 9 Bank loans n.e.c. 225.7 234.0 294.7 361.8 377.1 396.6 438.5 466.8 484.9 486.9 507.1 9

10 Mortgages 17.5 16.9 20.8 24.9 27.7 30.0 35.2 39.0 39.9 41.0 0.0 10

11 Security credit 109.5 93.7 135.1 185.6 197.9 181.2 184.9 188.6 138.8 123.2 60.8 11

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

13 Customers’ liab. on acceptances (2) 0.6 0.7 0.8 0.4 0.3 0.4 0.3 0.5 0.3 0.3 0.0 13

14 Miscellaneous assets 149.5 25.0 -12.3 -162.6 -205.4 -170.6 -102.8 -149.0 -54.2 -14.9 53.7 14

15 Total liabilities 792.4 680.2 834.7 844.5 860.2 929.5 1061.9 1069.8 1162.2 1161.5 1161.9 15

16 Net interbank liabilities -69.0 -135.8 -141.8 -213.1 -287.7 -304.1 -341.8 -390.6 -447.4 -505.2 -429.3 16

17 To foreign banks -95.3 -167.9 -176.7 -255.3 -352.0 -344.9 -353.0 -411.0 -495.7 -542.4 -431.1 17

18 To domestic banks 26.4 32.1 34.9 42.2 64.3 40.8 11.1 20.4 48.3 37.2 1.8 18

19 Checkable deposits 9.5 8.7 9.3 9.3 10.5 12.8 9.8 11.8 14.9 14.1 12.3 19

20 Small time and savings deposits 10.2 9.5 10.0 18.6 20.5 23.0 25.1 25.5 31.6 29.4 22.1 20

21 Large time deposits 354.9 430.3 501.7 634.5 727.0 761.3 852.2 907.9 954.2 983.6 937.2 21

22 Federal funds and security RPs (net) 157.7 157.5 190.9 239.9 246.0 240.5 235.9 226.3 214.7 196.9 179.9 22

23 Acceptance liabilities 0.6 0.7 0.8 0.5 0.3 0.4 0.3 0.5 0.4 0.3 0.0 23

24 Miscellaneous liabilities 328.4 209.2 263.8 154.8 143.6 195.6 280.4 288.4 393.8 442.4 439.6 24

25 Foreign direct investment in U.S. 85.2 122.7 130.2 148.0 151.3 156.1 166.5 141.0 149.4 155.0 161.6 25

26 Due to affiliates 134.7 167.7 188.8 197.3 231.1 240.7 225.3 241.0 240.4 237.3 192.6 26

27 Other 108.5 -81.2 -55.1 -190.5 -238.8 -201.2 -111.3 -93.6 4.0 50.1 85.4 27

 Memo:

28 Credit market funds advanced (3) 490.3 513.3 657.8 761.6 805.9 855.3 914.8 963.3 1008.9 983.1 942.2 28

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

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

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
72 Z.1, December 11, 2008

L.112 Bank Holding Companies

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1153.1 1429.0 1523.8 1695.3 1692.2 1733.4 1794.0 1813.2 1853.2 1958.2 1933.1 1

 2 Credit market instruments 36.4 36.4 32.2 35.6 31.4 30.1 35.4 58.7 59.7 84.1 75.0 2

 3 Treasury securities 2.7 2.0 1.1 2.5 0.7 0.8 0.7 7.1 6.3 11.8 13.7 3

 4 Agency- and GSE-backed securities 11.6 13.5 11.2 11.2 12.5 11.6 12.7 9.9 13.0 28.3 16.6 4

 5 Corporate and foreign bonds 14.2 15.5 11.8 16.7 14.6 14.0 17.8 35.9 35.0 37.4 38.8 5

 6 Bank loans n.e.c. 7.9 5.3 8.1 5.1 3.5 3.7 4.2 5.8 5.4 6.6 5.9 6

 7 Miscellaneous assets 1116.7 1392.6 1491.6 1659.7 1660.8 1703.3 1758.6 1754.6 1793.5 1874.1 1858.1 7

 8 Investment in bank subsidiaries 689.8 857.0 897.0 1006.9 1017.9 1040.2 1086.4 1133.1 1158.4 1148.5 1157.3 8

 9 Investment in nonbank subsidiaries 265.0 341.3 384.0 406.6 382.2 392.4 389.1 343.6 339.0 361.5 385.4 9

10 Other 161.9 194.4 210.6 246.2 260.7 270.7 283.1 277.9 296.0 364.1 315.4 10

11 Total liabilities 571.5 661.7 627.6 756.7 758.1 796.4 821.7 868.8 878.4 965.9 958.7 11

12 Net interbank liabilities 6.3 8.0 -18.5 -32.4 -39.7 -44.2 -67.0 -85.6 -111.0 -120.5 -66.2 12

13 To domestic banks 39.4 15.5 8.6 36.0 34.6 44.6 41.9 25.0 18.0 31.4 59.2 13

14 To foreign banks -33.1 -7.5 -27.1 -68.4 -74.3 -88.8 -108.9 -110.6 -129.1 -152.0 -125.4 14

15 Federal funds and security RPs (net) 2.1 0.8 0.6 0.8 0.6 0.7 0.9 0.8 0.6 0.4 -0.1 15

16 Credit market instruments 321.8 381.3 429.5 499.7 520.3 551.5 586.8 631.1 665.4 737.9 675.6 16

17 Commercial paper 42.3 53.1 57.1 78.8 82.6 87.1 98.5 116.7 115.7 130.3 115.8 17

18 Corporate bonds 279.5 328.2 372.4 420.9 437.7 464.4 488.4 514.4 549.7 607.6 559.8 18

19 Miscellaneous liabilities 241.4 271.6 216.0 288.6 276.8 288.4 301.0 322.4 323.4 348.0 349.3 19

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

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

 1 Total financial assets 83.6 99.5 109.3 108.1 106.7 108.2 108.7 108.2 108.4 110.3 108.9 1

 2 Checkable deposits and currency 2.5 3.5 3.0 2.9 2.7 2.1 2.9 2.3 2.3 2.3 2.3 2

 3 Credit market instruments 76.9 90.8 101.0 99.3 97.6 97.4 97.2 96.4 96.3 97.6 97.2 3

 4 Treasury securities 2.5 3.8 3.9 3.7 3.1 3.2 2.2 1.8 1.4 1.2 1.2 4

 5 Agency- and GSE-backed securities 28.9 33.6 34.8 29.0 29.0 28.9 27.4 26.6 25.4 27.8 27.4 5

 6 Municipal securities 0.6 0.3 0.5 1.3 1.4 1.1 1.4 1.5 1.5 1.5 1.7 6

 7 Corporate and foreign bonds 1.4 1.3 0.8 0.4 0.4 0.5 0.8 1.0 1.8 1.1 0.7 7

 8 Bank loans n.e.c. 18.5 20.3 25.9 25.6 24.7 23.6 24.2 23.3 23.3 22.9 22.9 8

 9 Home mortgages 12.2 15.6 16.3 17.2 16.7 17.5 17.8 17.9 18.3 18.3 18.6 9

10 Commercial mortgages 12.8 15.9 18.8 22.0 22.3 22.7 23.4 24.2 24.6 24.8 24.8 10

11 Miscellaneous assets 4.3 5.2 5.3 5.9 6.4 8.7 8.6 9.5 9.8 10.4 9.3 11

12 Total liabilities 78.6 94.0 103.4 102.1 100.4 102.2 102.4 101.8 101.8 104.1 102.7 12

13 Checkable deposits 11.9 13.5 13.3 14.0 13.1 13.5 13.3 14.0 13.6 14.0 13.7 13

14 Small time and savings deposits 17.5 19.0 23.9 25.2 25.2 26.1 27.3 27.0 26.7 27.5 28.8 14

15 Large time deposits 17.5 19.0 23.9 25.2 25.2 26.1 27.3 27.0 26.7 27.5 28.8 15

16 Miscellaneous liabilities 31.7 42.5 42.2 37.7 36.8 36.5 34.6 33.9 34.8 35.2 31.4 16

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
Z.1, December 11, 2008 73

L.114 Savings Institutions (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1465.9 1649.6 1789.4 1714.9 1793.1 1809.4 1868.2 1815.0 1826.4 1817.3 1518.5 1

 2 Reserves at Federal Reserve 3.4 3.3 2.7 2.0 2.0 2.3 2.5 2.6 2.7 2.8 3.5 2

 3 Checkable deposits and currency 24.8 21.3 23.7 20.4 19.3 19.2 19.3 20.0 23.7 21.9 21.7 3

 4 Time and savings deposits 2.6 3.2 2.7 6.6 5.0 4.6 7.8 9.9 10.2 11.7 12.0 4

 5 Federal funds and security RPs 12.3 9.1 9.0 18.3 31.9 28.4 43.0 45.6 39.1 32.0 28.6 5

 6 Credit market instruments 1293.9 1417.4 1616.7 1518.6 1577.5 1595.2 1628.9 1584.3 1598.8 1606.6 1323.7 6

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

 8 Treasury securities 12.2 8.4 12.3 12.4 7.6 7.4 8.0 7.0 6.0 4.9 5.1 8

 9 Agency- and GSE-backed securities 198.8 136.4 192.3 169.3 171.1 169.5 169.7 168.6 165.6 170.0 161.3 9

10 Mortgage pass-through securities 113.8 90.4 116.0 96.3 97.2 96.3 98.2 101.5 104.9 105.8 100.3 10

11 CMOs and other structured MBS 24.3 23.4 30.7 27.5 29.1 28.8 24.7 25.3 25.7 34.4 30.9 11

12 Other 60.6 22.7 45.5 45.5 44.8 44.5 46.8 41.8 35.0 29.8 30.1 12

13 Municipal securities 6.3 7.1 8.6 10.7 11.1 11.8 12.6 10.6 10.1 10.7 8.0 13

14 Corporate and foreign bonds 71.9 59.2 80.2 89.2 107.0 122.3 134.2 138.3 139.7 139.2 113.8 14

15 Private mortgage pass-through securities 10.7 8.2 7.7 10.7 9.0 12.3 12.0 6.2 8.1 6.2 5.7 15

16 Private CMOs and other structured MBS 5.7 40.5 58.6 65.4 80.6 91.2 92.0 104.7 97.0 87.8 69.2 16

17 Other 55.5 10.5 13.9 13.1 17.4 18.8 30.3 27.3 34.6 45.2 38.9 17

18 Other loans and advances 56.3 57.6 61.5 67.5 68.9 74.2 70.6 73.7 78.1 76.1 74.0 18

19 Mortgages 870.6 1057.4 1152.7 1074.0 1117.3 1112.8 1146.9 1095.3 1111.9 1115.7 883.6 19

20 Consumer credit 77.9 91.3 109.1 95.5 94.6 97.2 87.0 90.8 87.5 90.0 77.8 20

21 Corporate equities 30.4 28.2 26.2 24.9 25.2 25.0 24.7 25.3 25.7 25.8 25.6 21

22 Miscellaneous assets 98.5 167.0 108.3 123.9 132.1 134.7 142.0 127.3 126.1 116.5 103.5 22

23 Total liabilities 1419.0 1597.2 1735.5 1659.9 1735.9 1751.6 1811.0 1756.5 1770.1 1761.2 1458.6 23

24 Deposits 924.9 990.3 1066.9 1091.5 1170.2 1169.0 1169.1 1104.7 1131.3 1139.9 943.7 24

25 Checkable 80.7 81.2 85.0 85.9 89.4 89.2 89.4 85.7 87.5 92.3 79.4 25

26 Small time and savings 599.1 584.7 618.7 647.6 671.5 671.3 670.4 644.4 661.1 684.6 592.9 26

27 Large time 245.1 324.5 363.3 358.0 409.4 408.5 409.3 374.5 382.7 363.0 271.4 27

28 Security RPs 77.5 82.2 78.7 63.1 55.3 63.8 48.4 45.8 32.5 33.8 33.4 28

29 Credit market instruments 296.8 385.8 409.6 297.8 288.3 289.5 375.9 395.1 407.3 400.7 345.3 29

30 Corporate bonds 5.1 7.6 8.7 10.7 11.0 11.0 10.2 10.4 10.7 10.9 2.4 30

31 Bank loans n.e.c. 42.4 68.9 75.5 27.3 25.8 23.8 28.1 33.8 32.7 34.3 37.8 31

32 Other loans and advances 249.3 309.3 325.5 259.8 251.5 254.6 337.6 350.9 363.9 355.5 305.1 32

33 Taxes payable 1.3 1.9 2.6 2.1 2.0 1.8 2.2 2.3 2.0 2.0 1.4 33

34 Miscellaneous liabilities 118.5 136.9 177.7 205.3 220.1 227.5 215.3 208.6 197.0 184.8 134.7 34

35 Investment by parent 9.3 10.5 11.8 13.2 13.6 14.0 14.4 14.8 15.2 15.6 16.1 35

36 Other 109.2 126.5 165.9 192.1 206.5 213.5 201.0 193.9 181.8 169.1 118.6 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
74 Z.1, December 11, 2008

L.115 Credit Unions

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 617.2 654.7 685.7 716.2 740.4 747.1 749.3 758.7 792.8 803.2 801.5 1

 2 Checkable deposits and currency 41.5 40.2 38.1 44.4 59.4 52.3 42.8 43.3 61.1 48.6 37.7 2

 3 Time and savings deposits 27.1 26.4 21.9 17.0 16.4 16.9 16.4 17.0 22.7 25.8 23.8 3

 4 Federal funds and security RPs (net) 1.6 4.1 6.7 5.1 10.2 6.9 5.8 2.5 3.2 1.2 -3.4 4

 5 Credit market instruments 516.6 556.4 592.6 622.7 629.2 641.0 652.6 657.9 665.0 684.7 697.7 5

 6 Open market paper 0.7 0.8 0.8 1.0 1.6 1.7 1.0 0.4 2.7 0.7 0.0 6

 7 Treasury securities 8.8 8.9 7.7 7.4 7.0 7.3 8.6 10.4 9.6 10.2 10.3 7

 8 Agency- and GSE-backed securities 94.3 93.1 86.4 72.5 72.4 73.0 70.9 68.4 73.5 80.8 80.4 8

 9 Corporate and foreign bonds 24.3 25.0 23.5 30.6 36.6 35.9 36.2 34.6 32.9 32.3 29.7 9

10 Home mortgages 182.6 213.2 245.6 276.6 279.3 290.1 299.0 308.4 316.2 329.6 340.4 10

11 Consumer credit 205.9 215.4 228.6 234.5 232.3 233.0 236.9 235.7 230.1 231.1 236.9 11

12 Mutual fund shares 4.1 3.1 2.2 2.1 2.2 1.9 1.9 2.1 2.4 2.4 2.0 12

13 Miscellaneous assets 26.3 24.5 24.2 24.9 22.9 28.0 29.8 35.9 38.4 40.5 43.7 13

14 Total liabilities 561.5 595.2 622.7 648.7 672.0 677.6 679.0 688.2 721.2 732.4 730.6 14

15 Shares/deposits 545.0 574.5 596.1 620.6 645.3 650.4 647.1 652.3 685.1 693.8 685.2 15

16 Checkable 66.5 74.1 81.1 72.6 76.1 74.1 70.5 73.7 78.8 77.0 74.0 16

17 Small time and savings 424.9 440.4 452.5 483.0 501.1 506.6 505.7 508.7 531.8 541.2 541.4 17

18 Large time 53.6 60.0 62.5 65.0 68.1 69.7 70.8 69.9 74.5 75.6 69.8 18

19 Other loans and advances 9.1 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 43.5 19

20 Miscellaneous liabilities 7.4 9.3 11.9 9.2 10.5 8.3 3.5 3.6 7.6 3.2 1.9 20

L.116 Property-Casualty Insurance Companies

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

 1 Total financial assets 1059.7 1156.5 1239.6 1329.3 1340.9 1359.6 1381.7 1358.8 1348.9 1344.7 1337.3 1

 2 Checkable deposits and currency 34.6 25.9 21.0 29.9 31.7 33.0 45.2 42.7 41.8 40.6 47.4 2

 3 Security RPs 52.8 63.1 68.9 66.0 66.0 56.8 53.4 53.8 63.4 61.9 56.9 3

 4 Credit market instruments 625.2 698.8 765.8 813.5 821.7 830.4 838.9 839.8 836.6 835.0 842.1 4

 5 Treasury securities 64.7 71.3 69.2 75.8 71.0 66.0 60.8 55.1 54.8 54.7 58.4 5

 6 Agency- and GSE-backed securities 115.4 112.1 117.9 122.0 123.2 124.5 125.7 125.8 125.3 125.0 126.3 6

 7 Municipal securities 224.2 267.8 313.2 335.2 344.2 353.3 362.6 371.3 369.8 369.1 374.8 7

 8 Corporate and foreign bonds 218.9 245.3 262.8 277.0 279.8 282.6 285.4 282.9 281.8 281.2 277.5 8

 9 Commercial mortgages 2.1 2.4 2.7 3.5 3.6 4.1 4.3 4.8 4.9 5.0 5.1 9

10 Corporate equities 178.4 196.6 199.5 227.0 229.5 243.5 248.5 236.2 215.6 212.4 193.5 10

11 Mutual fund shares 4.3 5.2 5.7 6.9 6.9 7.1 7.1 6.8 6.3 6.3 5.9 11

12 Trade receivables 79.3 79.6 82.1 87.0 87.0 89.6 88.7 85.4 86.3 87.1 87.3 12

13 Miscellaneous assets 85.0 87.3 96.5 99.0 98.2 99.3 100.0 94.0 98.7 101.3 104.2 13

14 Total liabilities 696.5 741.8 797.5 843.3 834.9 852.3 863.4 863.4 872.7 895.0 911.4 14

15 Taxes payable 29.3 33.5 38.2 43.4 44.7 46.1 47.6 49.0 50.5 52.1 53.6 15

16 Miscellaneous liabilities 667.2 708.3 759.3 800.0 790.2 806.2 815.8 814.4 822.1 843.0 857.8 16
Z.1, December 11, 2008 75

L.117 Life Insurance Companies

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3772.8 4130.3 4350.7 4685.3 4746.8 4869.3 4960.3 4949.7 4868.1 4875.5 4798.0 1

 2 Checkable deposits and currency 47.3 53.3 47.7 56.1 59.0 56.8 63.4 58.3 69.8 68.8 73.4 2

 3 Money market fund shares 151.4 120.7 113.6 162.3 178.9 193.4 210.1 226.6 244.0 247.0 244.8 3

 4 Credit market instruments 2488.3 2661.4 2765.4 2806.1 2831.3 2855.4 2882.4 2888.6 2914.2 2933.3 2949.7 4

 5 Open market paper 55.9 48.2 40.2 53.1 53.8 56.6 55.9 61.4 69.3 75.9 72.3 5

 6 Treasury securities 71.8 78.5 91.2 83.2 79.8 76.1 72.6 68.3 68.5 68.7 71.6 6

 7 Agency- and GSE-backed securities 348.9 357.1 368.5 377.4 379.8 381.4 384.2 382.9 384.6 385.5 390.3 7

 8 Municipal securities 26.1 30.1 32.5 36.6 37.9 39.1 40.5 41.4 41.6 41.7 42.6 8

 9 Corporate and foreign bonds 1610.5 1756.3 1824.8 1822.8 1840.4 1852.2 1870.7 1865.2 1874.0 1879.3 1886.6 9

10 Other loans and advances 114.2 117.8 122.8 129.3 133.0 137.5 141.1 143.2 144.9 146.4 148.2 10

11 Mortgages 260.9 273.3 285.5 303.8 306.4 312.3 317.3 326.2 331.3 335.8 338.1 11

12 Corporate equities 919.3 1053.9 1161.8 1364.8 1394.0 1473.3 1505.1 1464.6 1326.4 1316.4 1211.8 12

13 Mutual fund shares 91.7 114.4 109.0 148.8 159.0 174.4 185.2 188.4 181.9 187.8 181.6 13

14 Miscellaneous assets 74.7 126.6 153.1 147.1 124.5 116.0 114.2 123.3 131.8 122.3 136.7 14

15 Total liabilities 3539.4 3869.7 4088.4 4412.0 4469.3 4584.4 4671.0 4661.7 4590.6 4602.8 4529.6 15

16 Other loans and advances 8.0 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 42.9 16

17 Life insurance reserves 972.7 1018.8 1039.9 1119.5 1128.6 1146.4 1154.8 1156.1 1148.7 1156.4 1142.0 17

18 Pension fund reserves (1) 1803.2 2027.9 2197.4 2332.4 2354.8 2423.8 2457.5 2437.8 2385.8 2394.6 2340.5 18

19 Taxes payable 24.9 28.1 31.6 35.6 36.7 37.8 38.9 40.0 41.2 42.4 43.6 19

20 Miscellaneous liabilities 730.6 783.9 808.0 910.2 933.9 957.9 994.4 999.1 983.8 976.0 960.6 20

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 20).

L.118 Private Pension Funds (1)

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

 1 Total financial assets 4520.1 4915.2 5295.6 5885.4 5938.4 6182.8 6247.9 6152.4 5658.4 5592.7 5192.8 1

 2 Checkable deposits and currency 10.3 10.5 10.8 11.2 11.3 11.4 11.5 11.8 11.8 11.8 11.8 2

 3 Time and savings deposits 60.4 55.8 62.0 63.1 63.9 64.7 65.3 65.7 66.2 67.3 67.7 3

 4 Money market fund shares 84.3 84.9 86.7 90.1 90.9 91.8 92.6 93.5 94.1 94.8 95.3 4

 5 Security RPs 20.5 26.5 28.2 31.5 31.9 38.4 39.0 41.8 40.7 37.1 36.6 5

 6 Credit market instruments 646.5 646.1 690.6 741.6 773.3 794.2 826.7 862.9 890.2 909.1 917.6 6

 7 Open market paper 26.0 26.4 28.5 31.6 32.3 33.7 32.1 25.9 27.7 28.3 32.2 7

 8 Treasury securities 113.9 109.8 112.8 127.4 136.2 142.9 152.4 167.5 176.5 183.2 184.3 8

 9 Agency- and GSE-backed securities 221.4 232.8 251.4 262.1 272.5 277.9 289.9 301.0 304.0 306.0 306.5 9

10 Corporate and foreign bonds 274.8 267.1 288.1 311.0 323.0 330.2 342.6 358.4 371.5 381.0 383.7 10

11 Mortgages 10.2 10.0 9.8 9.5 9.3 9.5 9.7 10.2 10.4 10.7 10.9 11

12 Corporate equities 2096.6 2333.5 2537.0 2807.3 2779.4 2853.9 2829.0 2698.6 2371.0 2302.8 2058.7 12

13 Mutual fund shares 1126.9 1278.2 1399.0 1602.6 1629.7 1733.8 1765.2 1749.3 1587.8 1567.6 1432.5 13

14 Miscellaneous assets 474.8 479.6 481.3 538.1 558.1 594.5 618.5 628.8 596.6 602.2 572.5 14

15 Unallocated insurance contracts (2) 317.0 328.4 338.4 387.9 401.8 432.4 446.0 444.3 407.8 409.2 380.2 15

16 Contributions receivable 49.8 46.6 44.8 42.8 42.3 44.5 47.2 47.2 47.7 48.2 47.9 16

17 Other 108.0 104.5 98.2 107.4 114.0 117.6 125.3 137.3 141.1 144.9 144.4 17

18 Pension fund reserves (liabilities) (3) 4561.6 4955.8 5334.8 5923.1 5975.2 6219.0 6284.3 6186.6 5693.8 5628.8 5228.9 18

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).

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

(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
76 Z.1, December 11, 2008

L.119 State and Local Government Employee Retirement Funds

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2349.2 2577.5 2721.4 3049.6 3078.1 3214.3 3232.8 3157.1 2919.1 2883.1 2730.3 1

 2 Checkable deposits and currency 13.7 16.3 15.8 13.3 16.4 16.4 16.5 15.6 15.7 15.6 15.5 2

 3 Time and savings deposits 0.8 1.4 1.3 0.8 1.0 1.0 1.0 1.0 1.0 1.0 1.0 3

 4 Money market fund shares 13.4 11.6 11.7 13.0 16.1 16.0 16.1 15.3 15.4 15.3 15.2 4

 5 Security RPs 23.4 20.2 19.7 22.6 28.0 28.0 28.1 26.7 26.8 26.7 21.5 5

 6 Credit market instruments 657.5 675.3 693.4 769.7 767.5 772.2 787.5 799.8 801.8 800.5 809.6 6

 7 Open market paper 41.6 35.2 35.2 40.1 49.8 49.7 49.8 47.4 47.6 47.4 37.1 7

 8 Treasury securities 148.6 151.0 153.8 153.0 155.1 156.1 161.4 164.5 165.0 164.7 166.2 8

 9 Agency- and GSE-backed securities 235.1 258.8 258.4 295.1 299.1 301.0 311.2 317.2 318.1 317.7 333.0 9

10 Municipal securities 4.4 1.8 1.7 1.7 0.9 0.9 0.9 0.9 0.6 0.6 1.7 10

11 Corporate and foreign bonds 207.4 213.5 227.9 265.6 249.9 251.7 250.9 257.5 258.1 257.8 259.4 11

12 Mortgages 20.4 15.1 16.4 14.1 12.7 12.8 13.3 12.4 12.4 12.3 12.2 12

13 Corporate equities 1421.0 1600.9 1715.8 1927.5 1943.3 2057.8 2060.4 1987.1 1778.0 1748.1 1610.8 13

14 Mutual fund shares 207.9 235.9 248.4 287.7 290.0 307.1 307.5 296.6 265.4 260.9 240.4 14

15 Miscellaneous assets 11.3 15.9 15.4 15.1 15.7 15.8 15.8 15.0 15.1 15.1 16.2 15

16 Pension fund reserves (liabilities) (1) 2399.1 2625.6 2765.2 3086.9 3113.5 3247.6 3263.8 3185.7 2945.2 2906.5 2750.9 16

(1) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.

L.120 Federal Government Retirement Funds (1)

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

 1 Total financial assets 958.5 1023.3 1071.5 1141.1 1131.8 1133.2 1152.4 1197.2 1171.5 1179.2 1188.5 1

 2 Credit market instruments 63.6 68.2 76.0 84.3 88.1 88.9 93.3 96.1 106.1 108.1 115.1 2

 3 Treasury securities 55.3 60.7 68.4 76.7 80.4 81.3 85.4 88.0 96.6 98.9 105.9 3

 4 Agency- and GSE-backed securities 5.1 4.6 4.6 4.7 4.8 4.7 4.9 5.0 5.9 5.8 5.8 4

 5 Corporate and foreign bonds 3.2 3.0 2.9 2.9 2.9 2.9 3.0 3.0 3.6 3.4 3.4 5

 6 Corporate equities 79.9 99.2 112.6 138.1 140.4 151.4 150.1 149.2 128.5 127.7 111.1 6

 7 Miscellaneous assets (2) 815.0 855.9 882.9 918.7 903.4 892.8 909.0 952.0 936.9 943.5 962.3 7

 8 Pension fund reserves (liabilities) (3) 958.5 1023.3 1071.5 1141.1 1131.8 1133.2 1152.4 1197.2 1171.5 1179.2 1188.5 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
Z.1, December 11, 2008 77

L.121 Money Market Mutual Funds (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2016.4 1879.8 2006.9 2312.1 2389.7 2488.7 2799.9 3053.2 3407.8 3343.2 3376.5 1

 2 Foreign deposits 71.5 78.5 94.7 84.1 81.4 69.9 102.3 134.3 151.2 141.4 145.3 2

 3 Checkable deposits and currency -2.1 0.6 -0.9 6.7 -1.9 -3.5 4.2 2.7 -6.3 2.3 10.6 3

 4 Time and savings deposits 166.8 167.2 183.0 206.7 205.2 213.9 260.9 266.7 301.4 329.2 308.1 4

 5 Security RPs 252.6 234.0 346.0 394.6 373.0 412.7 506.4 569.9 585.9 523.5 603.4 5

 6 Credit market instruments 1471.3 1346.3 1340.8 1560.8 1649.5 1699.2 1801.8 1951.5 2253.4 2232.7 2186.6 6

 7 Open market paper 459.9 405.8 492.2 608.3 659.4 663.4 665.7 711.1 766.0 701.2 575.0 7

 8 Treasury securities 132.1 98.2 88.6 82.7 90.9 89.0 127.4 177.9 276.7 267.2 421.7 8

 9 Agency- and GSE-backed securities 328.6 267.5 160.1 131.4 121.8 126.0 162.0 211.9 309.9 368.6 426.0 9

10 Municipal securities 292.1 313.8 336.8 370.3 388.3 398.7 430.7 473.5 495.3 504.0 477.8 10

11 Corporate and foreign bonds 258.7 261.0 263.2 368.3 389.1 422.1 416.0 377.1 405.6 391.7 286.1 11

12 Miscellaneous assets 56.2 53.3 43.3 59.2 82.6 96.5 124.3 128.1 122.2 114.2 122.5 12

13 Total shares outstanding (liabilities) 2016.4 1879.8 2006.9 2312.1 2389.7 2488.7 2799.9 3053.2 3407.8 3343.2 3376.5 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.122 Mutual Funds (1)

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

 1 Total financial assets 4654.2 5436.3 6048.9 7068.3 7328.7 7805.2 7989.3 7829.0 7336.4 7412.3 6588.3 1

 2 Security RPs 94.5 112.6 115.4 132.8 125.8 128.6 128.6 132.2 136.0 149.6 118.4 2

 3 Credit market instruments 1506.4 1623.0 1747.1 1932.0 2005.4 2093.5 2141.6 2203.1 2256.7 2356.6 2366.3 3

 4 Open market paper 76.2 94.2 97.1 114.5 107.7 110.6 110.6 114.1 117.7 131.2 100.1 4

 5 Treasury securities 144.2 149.0 155.7 160.7 166.2 171.5 172.3 179.2 182.7 188.3 194.7 5

 6 Agency- and GSE-backed securities 447.5 462.7 483.4 499.1 516.4 533.0 543.9 565.4 576.3 594.0 613.9 6

 7 Municipal securities 290.2 294.3 311.7 344.4 358.9 370.1 371.3 372.2 380.1 393.4 400.9 7

 8 Corporate and foreign bonds 532.0 596.8 662.7 768.9 806.0 851.8 883.1 908.4 935.1 984.2 989.6 8

 9 Other loans and advances 16.4 26.0 36.5 44.4 50.3 56.5 60.4 63.9 64.8 65.6 67.2 9

10 Corporate equities 3051.3 3693.6 4175.7 4989.6 5181.1 5566.4 5701.3 5476.9 4923.6 4888.8 4086.3 10

11 Miscellaneous assets 2.0 7.0 10.7 14.0 16.4 16.8 17.8 16.8 20.1 17.3 17.3 11

12 Total shares outstanding (liabilities) 4654.2 5436.3 6048.9 7068.3 7328.7 7805.2 7989.3 7829.0 7336.4 7412.3 6588.3 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 205.6 245.9 271.4 294.3 308.8 322.1 324.2 316.8 297.8 286.3 256.5 1

 2 Credit market instruments 152.6 163.6 165.8 171.8 171.6 175.1 170.6 170.6 165.6 161.2 153.1 2

 3 Treasury securities 4.6 6.8 7.1 7.4 7.2 6.6 6.5 5.6 5.4 5.3 4.9 3

 4 Municipal securities 89.3 89.1 89.4 89.4 88.8 88.6 87.2 91.0 89.1 86.6 83.5 4

 5 Corporate and foreign bonds 58.8 67.6 69.3 75.1 75.6 79.8 76.9 74.0 71.1 69.3 64.6 5

 6 Corporate equities 53.0 82.3 105.6 122.5 137.2 147.1 153.6 146.2 132.2 125.0 103.5 6

 7 Total shares outstanding (liabilities) 205.6 245.9 271.4 294.3 308.8 322.1 324.2 316.8 297.8 286.3 256.5 7

 Exchange-traded funds

 8 Total financial assets 150.8 227.3 300.8 422.8 444.3 486.4 550.6 607.1 568.4 575.8 578.4 8

 9 Credit market instruments 4.5 8.2 15.0 20.7 22.4 26.3 28.7 33.5 37.8 43.0 49.7 9

10 Treasury securities 2.1 4.9 9.7 13.1 13.9 16.1 17.2 19.7 21.0 22.6 26.6 10

11 Corporate and foreign bonds 2.4 3.3 5.3 7.6 8.5 10.3 11.6 13.8 16.8 20.4 23.1 11

12 Corporate equities 146.3 219.0 285.8 402.0 421.9 460.0 521.9 573.7 530.6 532.8 528.7 12

13 Total shares outstanding (liabilities) 150.8 227.3 300.8 422.8 444.3 486.4 550.6 607.1 568.4 575.8 578.4 13
78 Z.1, December 11, 2008

L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2794.4 2882.9 2819.4 2872.9 2887.9 2939.1 3084.2 3174.2 3220.1 3386.6 3407.8 1

 2 Checkable deposits and currency 28.8 39.1 14.6 16.4 15.1 19.0 18.0 13.7 11.1 58.3 94.2 2

 3 Time and savings deposits 16.7 23.3 35.3 33.9 38.6 36.8 47.4 46.6 41.1 53.0 54.5 3

 4 Federal funds and security RPs 75.3 93.6 107.7 117.4 152.3 146.3 124.5 142.7 131.8 141.9 138.0 4

 5 Credit market instruments 2564.2 2613.0 2543.9 2590.5 2558.4 2596.7 2758.9 2829.5 2893.4 2987.8 3021.2 5

 6 Open market paper 6.7 5.8 13.8 32.4 17.8 30.1 14.2 27.7 39.6 9.2 6.6 6

 7 Treasury securities 13.5 12.9 13.1 14.2 14.5 14.8 15.1 15.5 15.9 16.2 16.6 7

 8 Agency- and GSE-backed securities 1034.3 886.5 751.1 713.0 697.3 688.4 693.9 702.9 717.3 842.3 825.4 8

 9 Municipal securities 44.4 44.6 39.7 36.1 34.1 34.5 33.6 33.3 32.4 31.3 30.5 9

10 Corporate and foreign bonds 277.4 414.8 465.7 482.7 493.0 501.2 480.6 464.4 449.7 420.6 386.4 10

11 Other loans and advances 545.8 619.4 671.8 704.9 690.2 708.6 892.0 942.6 980.4 997.0 1087.0 11

12 Sallie Mae 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 43.8 43.6 51.6 63.5 65.7 66.6 70.2 75.5 84.0 90.3 83.4 13

14 FHLB 501.7 575.8 620.2 641.4 624.4 642.0 821.8 867.1 896.4 906.7 1003.6 14

15 Mortgages 621.5 629.0 588.8 607.2 611.5 619.1 629.6 643.1 658.2 671.2 668.6 15

16 Home 514.7 508.0 454.9 460.2 457.5 455.9 458.4 449.3 454.1 456.4 442.1 16

17 Multifamily residential 68.2 82.5 93.0 105.4 111.3 119.4 126.2 147.7 157.7 167.9 179.4 17

18 Farm 38.7 38.6 40.9 41.7 42.7 43.9 45.0 46.1 46.5 46.8 47.1 18

19 Consumer credit (2) 20.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Miscellaneous assets 109.4 113.9 117.8 114.6 123.5 140.3 135.4 141.7 142.6 145.6 100.0 20

21 Total liabilities 2747.1 2818.0 2736.8 2782.0 2797.3 2846.2 2993.6 3076.6 3122.4 3279.6 3357.0 21

22 Credit market instruments 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 22

23 GSE issues (3) 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 23

24 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Miscellaneous liabilities 145.8 141.7 144.5 154.2 152.8 161.4 169.6 166.4 182.2 175.6 202.1 25

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation.

 The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-backed Mortgage Pools (1)

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

 1 Total financial assets 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 1

 2 Home mortgages 3211.2 3256.3 3419.7 3710.6 3826.4 3942.5 4105.9 4319.8 4455.3 4611.3 4741.7 2

 3 Multifamily residential mortgages 114.5 117.4 121.3 123.5 125.9 128.6 132.6 139.2 142.7 145.9 148.5 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 1.0 0.9 0.8 3.2 3.4 4.7 4.6 4.5 4.5 4.3 4.7 5

 6 Total pool securities (liabilities)(2) 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for

 agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
Z.1, December 11, 2008 79

L.126 Issuers of Asset-Backed Securities (ABS)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2211.7 2649.8 3374.7 4182.7 4340.6 4490.0 4532.4 4499.4 4429.8 4316.4 4204.2 1

 2 Treasury securities 2.8 8.0 27.7 56.4 60.4 66.3 71.3 77.5 76.8 73.9 68.5 2

 3 Agency- and GSE-backed securities (1) 354.9 350.5 319.2 344.8 347.1 347.0 364.5 364.4 366.5 361.7 360.1 3

 4 Other loans and advances 141.7 161.9 182.9 239.0 255.6 281.7 298.9 311.5 312.1 310.8 314.8 4

 5 Mortgages (2) 1023.4 1455.5 2141.4 2770.4 2897.7 3013.3 3006.2 2950.9 2875.7 2780.9 2689.7 5

 6 Home 665.7 1045.7 1617.0 2129.2 2217.9 2287.0 2228.9 2162.6 2096.0 2009.9 1931.9 6

 7 Multifamily residential 66.6 73.1 89.6 103.5 110.9 118.7 125.7 125.5 122.9 120.0 117.8 7

 8 Commercial 291.0 336.7 434.8 537.7 568.8 607.6 651.5 662.8 656.8 650.9 640.0 8

 9 Consumer credit 596.8 571.5 604.0 664.2 668.8 673.2 687.3 683.7 680.4 684.1 676.6 9

10 Trade credit 92.2 102.3 99.5 107.9 111.1 108.5 104.2 111.4 118.3 105.1 94.6 10

11 Total liabilities 2217.2 2654.6 3378.8 4186.3 4344.1 4493.3 4535.7 4502.5 4432.8 4319.3 4207.0 11

12 Commercial paper 529.4 525.3 673.2 835.8 829.1 903.9 728.4 642.2 588.3 558.5 509.9 12

13 Corporate bonds (net) (5) 1687.8 2129.3 2705.7 3350.5 3515.0 3589.5 3807.2 3860.3 3844.5 3760.8 3697.1 13

 Memo:

 Securitized assets not included above

14 Consumer leases (3) 5.5 4.8 4.2 3.6 3.5 3.4 3.2 3.1 3.0 2.9 2.8 14

15 REIT assets (4) 30.3 91.1 108.5 110.9 115.8 111.4 101.6 92.4 72.6 67.8 61.4 15

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

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

 The leased automobile is a tangible asset.

(4) Included in table L.128.

(5) Liabilities net of assets.

L.127 Finance Companies (1)

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

 1 Total financial assets 1679.5 1858.0 1856.9 1891.2 1892.4 1896.6 1924.3 1911.1 1940.9 1929.8 1910.0 1

 2 Checkable deposits and currency 37.1 40.6 44.2 44.2 44.2 44.2 44.2 44.2 44.2 44.2 44.2 2

 3 Credit market instruments 1204.9 1419.8 1537.1 1626.7 1617.2 1615.0 1635.9 1638.8 1648.5 1637.3 1621.9 3

 4 Other loans and advances 441.7 451.5 479.2 498.0 505.4 509.2 507.8 522.9 541.9 563.9 557.0 4

 5 Mortgages 370.2 476.0 541.4 594.4 579.8 563.2 560.4 531.9 525.8 491.6 468.6 5

 6 Consumer credit 393.0 492.3 516.5 534.4 532.0 542.6 567.6 584.1 580.7 581.8 596.3 6

 7 Miscellaneous assets 437.4 397.5 275.6 220.3 231.0 237.3 244.3 228.1 248.3 248.3 243.9 7

 8 Total liabilities 1674.9 1864.3 1828.3 1876.8 1914.1 1929.6 1958.9 1949.5 1982.9 1974.3 1959.7 8

 9 Credit market instruments 995.3 1129.6 1108.6 1144.2 1234.2 1240.3 1280.4 1279.6 1301.4 1299.3 1281.7 9

10 Open market paper 145.1 175.3 160.0 165.3 132.5 127.0 119.8 123.5 113.5 112.4 103.3 10

11 Corporate bonds 743.2 817.4 806.5 849.7 963.6 959.8 983.9 974.1 1004.5 989.3 986.7 11

12 Bank loans n.e.c. 106.9 136.9 142.1 129.2 138.1 153.5 176.7 182.0 183.4 197.6 191.7 12

13 Taxes payable 13.2 15.0 17.1 19.3 19.9 20.5 21.2 21.8 22.5 23.2 23.9 13

14 Miscellaneous liabilities 666.4 719.6 702.7 713.3 660.0 668.8 657.3 648.1 658.9 651.9 654.1 14

15 Foreign direct investment in U.S. 68.1 71.4 88.7 102.5 97.4 98.2 104.4 109.7 120.3 130.6 144.5 15

16 Investment by parent 202.8 257.7 312.2 338.5 327.0 344.4 327.8 321.4 328.7 319.9 326.9 16

17 Other 395.4 390.5 301.7 272.2 235.6 226.2 225.1 217.0 210.0 201.4 182.7 17

 Memo:

18 Consumer leases not included above (2) 79.0 74.1 85.3 106.0 110.7 116.3 120.5 122.9 124.9 121.9 118.5 18

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
80 Z.1, December 11, 2008

L.128 Real Estate Investment Trusts (REITs)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 134.9 251.3 304.4 344.0 365.0 356.8 323.5 316.7 300.7 301.8 294.5 1

 2 Checkable deposits and currency 9.3 12.2 13.6 18.5 21.6 18.6 18.5 16.6 19.4 18.0 22.1 2

 3 Credit market instruments 96.4 198.6 239.8 265.8 288.6 280.7 248.0 244.3 224.0 224.0 211.1 3

 4 Agency- and GSE-backed securities 28.9 44.7 40.6 65.4 76.8 76.2 78.7 88.9 92.3 99.4 93.1 4

 5 Corporate and foreign bonds 18.8 36.0 52.8 64.6 63.7 65.6 38.6 34.2 23.4 21.5 20.2 5

 6 Mortgages 48.7 118.0 146.3 135.8 148.1 138.9 130.8 121.1 108.3 103.1 97.8 6

 7 Home 37.1 102.9 127.4 103.7 110.0 99.1 89.2 79.2 65.9 61.0 56.5 7

 8 Multifamily residential 1.6 1.6 1.9 5.1 5.8 6.0 5.4 5.1 5.2 5.0 4.3 8

 9 Commercial 10.1 13.5 17.0 27.0 32.3 33.9 36.1 36.8 37.2 37.1 37.0 9

10 Miscellaneous assets 29.2 40.4 51.0 59.7 54.8 57.5 56.9 55.8 57.3 59.8 61.3 10

11 Total liabilities 314.1 459.3 532.2 571.3 590.8 590.1 569.5 578.6 558.9 553.6 546.5 11

12 Security RPs 41.7 69.2 82.2 97.0 103.5 105.8 85.2 91.4 89.4 91.3 89.0 12

13 Credit market instruments 230.3 340.2 396.2 411.8 429.4 427.6 423.4 421.5 404.7 399.1 391.7 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 110.9 193.4 230.3 241.9 262.3 258.1 249.8 239.1 215.4 215.0 204.6 15

16 Bank loans n.e.c. 14.7 16.2 21.5 18.4 19.4 19.5 20.4 25.2 27.1 24.2 26.0 16

17 Mortgages 104.7 130.6 144.5 151.5 147.7 150.0 153.2 157.2 162.2 159.9 161.2 17

18 Miscellaneous liabilities 42.2 50.0 53.8 62.5 57.9 56.7 60.9 65.7 64.7 63.2 65.7 18

 Memo:

19 Securitized assets included above 30.3 91.1 108.5 110.9 115.8 111.4 101.6 92.4 72.6 67.8 61.4 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 28.9 87.9 103.7 93.5 97.9 91.3 80.2 72.7 57.0 52.0 46.4 21

22 Multifamily residential mortgages 0.1 0.1 0.2 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 22

23 Commercial mortgages 1.3 3.1 4.7 17.0 17.6 19.8 21.0 19.3 15.3 15.4 14.6 23
Z.1, December 11, 2008 81

L.129 Security Brokers and Dealers

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1613.0 1844.9 2127.1 2741.7 3020.3 3169.5 3201.9 3092.0 3244.3 2957.8 2982.9 1

 2 Checkable deposits and currency 47.2 62.9 56.5 80.5 81.9 89.8 86.3 105.0 122.4 115.6 159.1 2

 3 Credit market instruments 424.1 394.9 477.2 583.4 677.2 583.8 718.2 803.1 864.3 691.8 830.2 3

 4 Open market paper 49.4 48.0 60.2 64.3 77.1 79.9 86.0 87.1 107.5 102.9 150.8 4

 5 Treasury securities 37.8 -44.6 -64.6 -67.0 -41.5 -139.3 -95.3 -60.0 -23.7 -93.3 4.1 5

 6 Agency- and GSE-backed securities 83.7 107.3 101.0 138.0 147.8 122.6 214.6 290.2 298.1 311.2 350.0 6

 7 Municipal securities 24.9 32.0 42.9 50.9 48.4 54.0 45.1 50.1 66.1 51.8 61.9 7

 8 Corporate and foreign bonds 219.3 238.0 315.7 360.5 404.9 422.2 420.8 386.4 366.5 269.0 212.1 8

 9 Other loans and advances 9.0 14.2 22.0 36.7 40.4 44.4 46.9 49.2 49.8 50.3 51.3 9

10 Corporate equities 100.5 129.1 158.3 186.4 202.1 223.1 220.6 224.8 180.1 189.6 156.1 10

11 Security credit 182.5 264.0 232.4 292.1 279.0 334.0 296.5 325.5 365.3 291.5 400.6 11

12 Miscellaneous assets 858.8 994.0 1202.6 1599.4 1780.3 1938.8 1880.3 1633.7 1712.2 1669.3 1436.9 12

13 Total liabilities 1589.9 1823.1 2158.6 2753.6 3024.8 3171.2 3205.1 3085.5 3239.1 2947.1 2978.3 13

14 Security RPs (net) 490.4 526.9 733.6 1071.8 1224.5 1219.2 1293.7 1147.3 1196.7 971.5 797.4 14

15 Credit market instruments 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 120.1 85.9 273.5 15

16 Corporate bonds 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 80.4 84.5 76.9 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39.7 1.5 196.6 17

18 Trade payables 28.2 36.0 43.1 48.3 51.7 65.5 62.1 45.8 43.5 39.1 34.3 18

19 Security credit 676.3 774.2 806.0 957.8 1010.0 1045.5 1078.0 1200.9 1281.7 1273.4 1226.3 19

20 Customer credit balances (HH) 475.4 578.3 575.3 655.7 690.1 745.3 757.8 866.4 984.5 992.1 986.9 20

21 From banks 200.9 195.8 230.7 302.2 319.9 300.2 320.2 334.5 297.2 281.4 239.5 21

22 Taxes payable 1.8 2.2 2.1 2.8 3.5 3.5 3.5 2.2 2.0 2.6 2.5 22

23 Miscellaneous liabilities 346.3 421.7 511.5 604.1 651.4 743.9 681.5 624.5 595.0 574.5 644.1 23

24 Foreign direct investment in U.S. 87.3 94.9 155.9 145.6 147.0 147.2 146.6 128.8 130.0 130.7 130.4 24

25 Due to affiliates 599.3 636.4 772.6 875.7 856.4 843.2 944.0 970.9 958.3 1030.2 1166.3 25

26 Other -340.3 -309.6 -417.1 -417.1 -352.0 -246.4 -409.1 -475.1 -493.3 -586.4 -652.6 26

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

L.130 Funding Corporations (1)

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

 1 Total financial assets 1064.8 1083.7 1310.4 1449.4 1533.4 1580.8 1788.7 1849.9 2103.5 2291.7 2464.2 1

 2 Money market fund shares 362.9 275.6 310.6 311.3 362.7 366.9 502.4 580.8 759.4 728.8 726.8 2

 3 Credit market instruments 159.3 205.9 254.5 289.2 288.3 336.2 327.9 225.2 304.9 481.3 584.4 3

 4 Open market paper 40.6 102.1 176.5 212.1 200.3 256.6 121.3 32.9 15.1 73.9 4.4 4

 5 Corporate and foreign bonds 111.3 96.8 67.5 60.4 69.6 59.3 185.2 170.0 267.2 384.5 556.7 5

 6 Other loans and advances 7.3 7.0 10.6 16.8 18.4 20.2 21.3 22.4 22.6 22.8 23.3 6

 7 Miscellaneous assets (2) 542.7 602.2 745.3 848.9 882.4 877.7 958.4 1043.8 1039.2 1081.6 1153.0 7

 8 Investment in foreign banking offices 134.7 167.7 188.8 197.3 231.1 240.7 225.3 241.0 240.4 237.3 192.6 8

 9 Investment in brokers and dealers 408.0 434.5 556.6 651.6 651.4 636.9 733.1 802.8 798.8 844.3 960.4 9

10 Total liabilities 1064.8 1083.7 1310.4 1449.4 1533.4 1580.8 1788.7 1849.9 2103.5 2291.7 2464.2 10

11 Credit market instruments 519.3 517.1 622.7 652.5 722.7 728.8 743.0 788.2 777.8 781.2 799.7 11

12 Open market paper 213.7 199.3 277.3 285.6 358.9 364.9 355.0 369.7 366.4 336.8 278.0 12

13 Corporate bonds 305.5 317.7 345.3 367.0 363.8 363.9 388.0 418.5 411.3 415.6 431.6 13

14 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28.8 90.1 14

15 Miscellaneous liabilities 545.6 566.6 687.8 796.8 810.7 852.0 1045.7 1061.7 1325.7 1510.5 1664.5 15

16 Foreign direct investment in U.S. 30.7 92.1 133.3 213.1 178.1 169.2 236.7 278.0 284.1 323.2 376.6 16

17 Securities loaned (net) 678.0 764.8 939.7 1242.3 1377.1 1436.5 1415.1 1240.2 1369.1 1359.5 1128.3 17

18 Other -163.1 -290.3 -385.2 -658.6 -744.6 -753.6 -606.2 -456.6 -327.4 -172.3 159.5 18

(1) Funding subsidiaries, nonbank financial holding companies, and custodial accounts for reinvested collateral of securities lending operations.

(2) Due from affiliated companies.

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

 to American International Group (AIG).
82 Z.1, December 11, 2008

L.200 Gold and Official Foreign Exchange Holdings (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total U.S. reserves 85.9 86.8 65.1 65.9 66.6 66.1 69.1 70.6 75.8 75.7 71.8 1

 2 U.S. gold stock and SDRs 23.7 24.6 19.3 19.9 20.0 20.1 20.3 20.5 20.9 20.9 20.5 2

 3 Federal govt.: Exchange Stab. Fund 12.6 13.6 8.2 8.9 9.0 9.0 9.3 9.5 9.9 9.9 9.4 3

 4 Monetary authority (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 4

 5 U.S. foreign exchange position 62.3 62.2 45.9 46.0 46.6 46.1 48.7 50.0 54.8 54.9 51.4 5

 6 Official foreign currency holdings 39.7 42.7 37.8 40.9 41.7 41.5 44.3 45.8 50.5 49.6 46.6 6

 7 Treasury 19.9 21.4 18.9 20.5 20.8 20.7 22.1 22.5 24.9 23.8 30.3 7

 8 Monetary authority 19.9 21.4 18.9 20.5 20.9 20.8 22.1 23.3 25.6 25.8 16.3 8

 9 Net IMF position 22.5 19.5 8.0 5.0 4.8 4.6 4.5 4.2 4.3 5.2 4.8 9

10 Federal government 22.6 19.6 8.1 5.1 4.9 4.7 4.6 4.3 4.4 5.3 4.8 10

11 Monetary authority -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of

 foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows.

(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

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

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2

 Treasury currency:

 3 Liab: Federal government 26.0 26.7 27.5 28.1 28.2 28.5 28.8 28.7 28.5 28.4 28.1 3

 4 Asset: Monetary authority 35.5 36.4 36.5 38.2 38.4 38.5 38.6 38.7 38.7 38.7 38.7 4

 5 Discrepancy (seigniorage) -9.5 -9.7 -9.1 -10.1 -10.2 -10.0 -9.8 -9.9 -10.2 -10.3 -10.6 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 867.1 957.0 997.8 1085.8 1158.4 1251.1 1309.1 1302.5 1208.6 1140.7 1104.8 1

 Held by:

 2 Household sector 52.1 57.5 59.9 65.2 69.6 75.1 78.6 78.2 72.6 68.5 58.9 2

 3 Nonfinancial corporate business 38.1 53.7 60.6 49.7 45.3 55.5 56.3 49.0 47.1 46.6 42.1 3

 4 Money market mutual funds 71.5 78.5 94.7 84.1 81.4 69.9 102.3 134.3 151.2 141.4 145.3 4

 5 Discrepancy--unallocated assets 705.3 767.2 782.5 886.8 962.1 1050.6 1072.0 1040.9 937.7 884.3 858.5 5
Z.1, December 11, 2008 83

L.203 Net Interbank Transactions

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 193.0 212.2 201.3 190.0 50.5 65.4 112.5 122.1 44.2 85.7 460.2 1

 2 Monetary authority 71.0 65.6 69.1 70.4 59.5 60.7 64.5 75.8 69.6 79.2 270.1 2

 3 Depository institution reserves 23.1 24.0 19.0 18.7 18.3 17.3 23.0 20.8 24.2 33.5 222.1 3

 4 Vault cash 48.0 41.5 50.1 51.7 41.2 43.5 41.5 55.0 45.4 45.7 48.0 4

 5 Commercial banking 122.0 146.6 132.2 119.6 -9.0 4.7 48.0 46.3 -25.4 6.5 190.2 5

 6 To monetary authority -0.3 1.0 1.0 -0.3 -0.8 -1.1 -0.5 48.6 110.7 173.6 302.2 6

 7 To banks in foreign countries, net 109.6 118.3 106.0 96.7 -41.2 -14.1 27.7 -24.0 -151.2 -175.8 -61.1 7

 8 Liabilities, net 128.5 142.4 117.7 108.7 -30.0 3.6 44.5 -5.4 -128.9 -156.6 -42.9 8

 9 U.S.-chartered commercial banks 256.7 317.4 320.9 432.3 395.9 436.8 505.7 515.5 493.6 536.8 512.9 9

10 Due to foreign affiliates 433.6 467.4 487.7 586.4 573.1 624.0 647.1 664.2 671.8 615.0 662.5 10

11 - Due from foreign affiliates 176.9 150.0 166.8 154.2 177.2 187.2 141.4 148.7 178.1 78.2 149.5 11

12 Foreign banking offices in U.S. -95.2 -167.4 -176.0 -255.2 -351.6 -344.3 -352.3 -410.4 -493.5 -541.4 -430.4 12

13 Due to foreign affiliates 197.4 274.3 333.9 524.5 521.3 521.1 500.8 540.2 521.8 470.9 473.6 13

14 - Due from foreign affiliates 292.6 441.8 509.9 779.7 872.9 865.5 853.1 950.5 1015.2 1012.3 904.0 14

15 Bank holding companies -33.1 -7.5 -27.1 -68.4 -74.3 -88.8 -108.9 -110.6 -129.1 -152.0 -125.4 15

16 Due to foreign affiliates 13.2 33.0 42.2 19.7 22.2 25.1 32.4 51.6 55.2 60.9 44.0 16

17 - Due from foreign affiliates 46.3 40.5 69.4 88.1 96.5 113.9 141.3 162.2 184.3 212.8 169.4 17

18 Less: Deposits at foreign banks 18.9 24.1 11.7 12.0 11.2 17.7 16.8 18.6 22.3 19.2 18.3 18

19 U.S. chartered commercial banks 18.7 23.6 11.0 11.9 10.8 17.2 16.1 17.9 20.0 18.3 17.6 19

20 Foreign banking offices in U.S. 0.1 0.5 0.7 0.1 0.4 0.5 0.7 0.7 2.3 0.9 0.7 20

21 To U.S. banking, net 12.7 27.3 25.2 23.2 33.0 19.9 20.8 21.7 15.0 8.8 -50.9 21

22 U.S.-chartered commercial banks -53.1 -20.3 -18.4 -55.0 -65.8 -65.5 -32.3 -23.8 -51.3 -59.9 -111.9 22

23 Liabilities 86.0 119.3 109.6 122.4 128.0 140.0 147.8 135.6 138.6 110.9 62.4 23

24 To foreign offices in U.S. 71.7 90.1 83.0 97.8 94.1 119.0 126.5 113.3 123.2 101.8 113.0 24

25 To bank holding companies 1.6 1.8 1.4 1.3 0.9 1.1 0.5 0.7 0.3 0.3 0.3 25

26 Unallocated 12.7 27.3 25.2 23.2 33.0 19.9 20.8 21.7 15.0 8.8 -50.9 26

 Less, due from:

27 Foreign offices in U.S. 98.1 122.3 117.9 140.0 158.4 159.9 137.6 133.7 171.5 139.0 114.8 27

28 Bank holding companies 41.0 17.4 10.0 37.4 35.5 45.7 42.4 25.7 18.4 31.7 59.5 28

29 Foreign banking offices in U.S. 26.4 32.1 34.9 42.2 64.3 40.8 11.1 20.4 48.3 37.2 1.8 29

30 Due to U.S. banks 98.1 122.3 117.9 140.0 158.4 159.9 137.6 133.7 171.5 139.0 114.8 30

31 - Due from U.S. banks 71.7 90.1 83.0 97.8 94.1 119.0 126.5 113.3 123.2 101.8 113.0 31

32 Bank holding companies 39.4 15.5 8.6 36.0 34.6 44.6 41.9 25.0 18.0 31.4 59.2 32

33 Due to U.S. banks 41.0 17.4 10.0 37.4 35.5 45.7 42.4 25.7 18.4 31.7 59.5 33

34 - Due from U.S. banks 1.6 1.8 1.4 1.3 0.9 1.1 0.5 0.7 0.3 0.3 0.3 34

35 Total assets 180.3 184.9 176.1 166.8 17.5 45.6 91.7 100.4 29.1 76.9 511.1 35

36 Rest of the world 109.6 118.3 106.0 96.7 -41.2 -14.1 27.7 -24.0 -151.2 -175.8 -61.1 36

37 Domestic 70.8 66.5 70.1 70.1 58.7 59.6 64.0 124.4 180.3 252.8 572.3 37

38 Monetary authority -0.3 1.0 1.0 -0.3 -0.8 -1.1 -0.5 48.6 110.7 173.6 302.2 38

39 Federal Reserve float -0.3 0.9 0.9 -0.3 -0.9 -1.3 -0.7 -0.0 -0.6 -0.6 -1.0 39

40 Loans to member banks 0.1 0.0 0.1 0.1 0.0 0.2 0.2 48.6 111.3 174.2 303.2 40

41 Commercial banking 67.6 62.3 66.4 68.4 57.5 58.4 62.0 73.2 66.9 76.4 266.6 41

42 Reserves at Federal Reserve 19.7 20.8 16.3 16.7 16.3 15.0 20.5 18.2 21.4 30.7 218.6 42

43 Vault cash 48.0 41.5 50.1 51.7 41.2 43.5 41.5 55.0 45.4 45.7 48.0 43

44 Savings insts.: Reserves at Fed. Res. 3.4 3.3 2.7 2.0 2.0 2.3 2.5 2.6 2.7 2.8 3.5 44

45 Discrepancy--floats, etc. 12.7 27.3 25.2 23.2 33.0 19.9 20.8 21.7 15.0 8.8 -50.9 45
84 Z.1, December 11, 2008

L.204 Checkable Deposits and Currency

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1437.5 1522.8 1527.2 1507.3 1501.5 1498.6 1499.7 1537.6 1530.9 1540.6 1940.5 1

 2 Monetary authority 683.1 720.8 750.8 774.4 769.2 774.6 775.3 792.2 775.9 786.3 1149.3 2

 3 Federal government cash and deposits 6.0 6.2 4.8 5.0 4.5 5.0 5.9 16.4 5.9 5.3 332.7 3

 4 Due to government-sponsored enterprises 0.6 1.1 2.0 0.8 0.1 0.1 0.1 1.7 0.1 0.1 26.2 4

 5 Deposits due to foreign 0.2 0.1 0.1 0.2 0.1 0.2 0.2 0.1 0.1 0.3 0.1 5

 6 Currency outside banks 676.2 713.3 743.9 768.5 764.4 769.3 769.1 773.9 769.8 780.7 790.2 6

 7 Commercial banking 607.2 646.7 610.3 574.4 566.8 560.6 564.6 586.0 588.7 585.0 637.8 7

 8 Federal government deposits 30.2 26.9 33.9 28.0 3.9 22.2 71.8 42.9 42.9 50.2 41.5 8

 9 Deposits due to foreign 4.0 13.2 19.6 28.8 30.0 34.2 31.3 33.8 35.9 32.5 41.8 9

10 Private domestic deposits 573.0 606.6 556.8 517.6 533.0 504.2 461.5 509.3 509.9 502.2 554.5 10

11 Savings institutions 80.7 81.2 85.0 85.9 89.4 89.2 89.4 85.7 87.5 92.3 79.4 11

12 Credit unions 66.5 74.1 81.1 72.6 76.1 74.1 70.5 73.7 78.8 77.0 74.0 12

13 Total assets 1437.5 1522.8 1527.2 1507.3 1501.5 1498.6 1499.7 1537.6 1530.9 1540.6 1940.5 13

14 Household sector 389.0 356.1 230.0 202.3 226.1 161.5 66.8 77.4 33.4 32.4 46.3 14

15 Nonfinancial business 385.0 459.9 598.5 546.2 537.9 585.8 623.9 651.4 661.3 638.6 600.9 15

16 Corporate 190.9 178.4 252.4 139.5 122.7 160.0 177.6 187.8 188.1 161.0 122.7 16

17 Nonfarm noncorporate 172.9 259.2 323.1 381.6 389.7 399.9 420.0 436.8 446.1 450.2 450.4 17

18 Farm 21.2 22.3 22.9 25.0 25.5 25.9 26.4 26.8 27.1 27.4 27.7 18

19 State and local governments 48.4 42.2 52.5 58.6 51.8 45.5 45.2 57.0 52.1 52.2 52.1 19

20 Federal government 54.1 21.9 36.8 32.9 7.1 28.0 76.9 56.5 42.9 53.8 365.1 20

21 Rest of the world 262.9 285.3 300.1 311.6 306.6 309.2 306.9 305.9 307.1 304.0 319.0 21

22 Checkable deposits 4.2 13.3 19.7 28.9 30.1 34.4 31.4 34.0 36.0 32.8 41.9 22

23 Currency 258.7 272.0 280.4 282.6 276.5 274.8 275.5 272.0 271.0 271.3 277.1 23

24 Financial sectors 295.0 326.3 288.3 344.4 360.7 359.4 372.8 376.2 417.1 448.0 540.0 24

25 Commercial banking 2.5 3.5 3.0 2.9 2.7 2.1 2.9 2.3 2.3 2.3 2.3 25

26 Savings institutions 24.8 21.3 23.7 20.4 19.3 19.2 19.3 20.0 23.7 21.9 21.7 26

27 Credit unions 41.5 40.2 38.1 44.4 59.4 52.3 42.8 43.3 61.1 48.6 37.7 27

28 Property-casualty insurance companies 34.6 25.9 21.0 29.9 31.7 33.0 45.2 42.7 41.8 40.6 47.4 28

29 Life insurance companies 47.3 53.3 47.7 56.1 59.0 56.8 63.4 58.3 69.8 68.8 73.4 29

30 Private pension funds 10.3 10.5 10.8 11.2 11.3 11.4 11.5 11.8 11.8 11.8 11.8 30

31 State and local govt. retirement funds 13.7 16.3 15.8 13.3 16.4 16.4 16.5 15.6 15.7 15.6 15.5 31

32 Money market mutual funds -2.1 0.6 -0.9 6.7 -1.9 -3.5 4.2 2.7 -6.3 2.3 10.6 32

33 Government-sponsored enterprises 28.8 39.1 14.6 16.4 15.1 19.0 18.0 13.7 11.1 58.3 94.2 33

34 Finance companies 37.1 40.6 44.2 44.2 44.2 44.2 44.2 44.2 44.2 44.2 44.2 34

35 REITs 9.3 12.2 13.6 18.5 21.6 18.6 18.5 16.6 19.4 18.0 22.1 35

36 Brokers and dealers 47.2 62.9 56.5 80.5 81.9 89.8 86.3 105.0 122.4 115.6 159.1 36

37 Mail float 2.9 31.2 21.0 11.4 11.3 9.1 7.2 13.1 17.1 11.6 17.1 37
Z.1, December 11, 2008 85

L.205 Time and Savings Deposits 

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 5230.1 5789.9 6388.8 6997.0 7195.0 7258.3 7447.1 7603.0 7836.6 7829.2 7926.2 1

 2 Small time and savings deposits 4003.3 4284.9 4599.3 4946.3 5076.1 5111.9 5165.1 5232.6 5388.7 5416.4 5541.3 2

 3 Commercial banking 2979.2 3259.8 3528.1 3815.7 3903.6 3934.1 3989.0 4079.5 4195.7 4190.7 4407.1 3

 4 U.S.-chartered commercial banks 2951.6 3231.3 3494.2 3771.9 3857.8 3885.0 3936.6 4027.0 4137.5 4133.8 4356.2 4

 5 Foreign banking offices in U.S. 10.2 9.5 10.0 18.6 20.5 23.0 25.1 25.5 31.6 29.4 22.1 5

 6 Banks in U.S.-affiliated areas 17.5 19.0 23.9 25.2 25.2 26.1 27.3 27.0 26.7 27.5 28.8 6

 7 Savings institutions 599.1 584.7 618.7 647.6 671.5 671.3 670.4 644.4 661.1 684.6 592.9 7

 8 Credit unions 424.9 440.4 452.5 483.0 501.1 506.6 505.7 508.7 531.8 541.2 541.4 8

 9 Large time deposits (1) 1226.8 1505.1 1789.5 2050.8 2118.9 2146.5 2282.0 2370.4 2448.0 2412.7 2384.9 9

10 Commercial banking 928.1 1120.6 1363.7 1627.7 1641.4 1668.2 1801.8 1926.0 1990.8 1974.1 2043.7 10

11 U.S.-chartered commercial banks 555.7 671.3 838.1 968.0 889.2 880.9 922.4 991.1 1009.9 963.1 1077.6 11

12 Foreign banking offices in U.S. 354.9 430.3 501.7 634.5 727.0 761.3 852.2 907.9 954.2 983.6 937.2 12

13 Banks in U.S.-affiliated areas 17.5 19.0 23.9 25.2 25.2 26.1 27.3 27.0 26.7 27.5 28.8 13

14 Savings institutions 245.1 324.5 363.3 358.0 409.4 408.5 409.3 374.5 382.7 363.0 271.4 14

15 Credit unions 53.6 60.0 62.5 65.0 68.1 69.7 70.8 69.9 74.5 75.6 69.8 15

16 Total assets 5230.1 5789.9 6388.8 6997.0 7195.0 7258.3 7447.1 7603.0 7836.6 7829.2 7926.2 16

17 Household sector 4002.5 4472.0 4940.0 5408.8 5640.6 5655.9 5743.4 5839.4 5958.8 5931.7 5990.8 17

18 Nonfinancial business 676.6 718.4 801.9 881.6 836.2 851.0 877.0 897.1 932.5 950.3 992.0 18

19 Corporate 362.8 400.5 450.4 498.6 440.1 439.6 440.5 443.7 465.8 474.4 509.9 19

20 Nonfarm noncorporate 313.8 318.0 351.6 383.0 396.1 411.4 436.5 453.4 466.7 475.9 482.1 20

21 State and local governments 159.0 170.6 183.3 209.6 214.2 215.7 228.0 245.7 246.9 242.6 246.2 21

22 Federal government 2.4 2.4 1.4 1.7 1.6 1.4 1.4 2.8 3.8 1.8 2.9 22

23 Rest of the world 115.0 149.2 155.9 167.4 172.2 196.3 198.5 211.1 252.0 214.8 227.3 23

24 Financial sectors 274.5 277.4 306.2 328.1 330.1 338.0 398.9 406.9 442.6 487.9 467.1 24

25 Savings institutions 2.6 3.2 2.7 6.6 5.0 4.6 7.8 9.9 10.2 11.7 12.0 25

26 Credit unions 27.1 26.4 21.9 17.0 16.4 16.9 16.4 17.0 22.7 25.8 23.8 26

27 Private pension funds 60.4 55.8 62.0 63.1 63.9 64.7 65.3 65.7 66.2 67.3 67.7 27

28 State and local govt. retirement funds 0.8 1.4 1.3 0.8 1.0 1.0 1.0 1.0 1.0 1.0 1.0 28

29 Money market mutual funds 166.8 167.2 183.0 206.7 205.2 213.9 260.9 266.7 301.4 329.2 308.1 29

30 Government-sponsored enterprises 16.7 23.3 35.3 33.9 38.6 36.8 47.4 46.6 41.1 53.0 54.5 30

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 2016.4 1879.8 2006.9 2312.1 2389.7 2488.7 2799.9 3053.2 3407.8 3343.2 3376.5 1

 2 Household sector 960.2 904.1 949.2 1117.5 1116.1 1171.7 1250.1 1356.4 1469.2 1411.1 1452.1 2

 3 Nonfinancial corporate business 299.0 324.3 366.5 433.4 435.0 452.5 521.1 566.5 607.5 624.9 618.0 3

 4 Nonfarm noncorporate business 63.6 69.2 73.9 80.5 83.3 86.5 94.3 97.8 100.2 101.6 102.3 4

 5 State and local governments 62.7 66.6 71.7 78.5 79.6 81.3 82.5 83.5 83.2 82.9 83.2 5

 6 Rest of the world 18.8 22.9 23.0 25.5 27.1 28.7 30.7 32.8 34.8 36.9 38.9 6

 7 Life insurance companies 151.4 120.7 113.6 162.3 178.9 193.4 210.1 226.6 244.0 247.0 244.8 7

 8 Private pension funds 84.3 84.9 86.7 90.1 90.9 91.8 92.6 93.5 94.1 94.8 95.3 8

 9 State and local govt. retirement funds 13.4 11.6 11.7 13.0 16.1 16.0 16.1 15.3 15.4 15.3 15.2 9

10 Funding corporations 362.9 275.6 310.6 311.3 362.7 366.9 502.4 580.8 759.4 728.8 726.8 10
86 Z.1, December 11, 2008

L.207 Federal Funds and Security Repurchase Agreements

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1348.5 1435.4 1741.5 2148.6 2360.6 2398.1 2384.0 2165.9 2169.8 1897.1 1676.2 1

 2 Monetary authority 25.7 30.8 30.5 29.6 37.3 32.3 35.7 44.0 44.1 43.8 77.9 2

 3 Commercial banking (net) 713.2 726.4 816.6 887.1 940.0 977.0 920.9 837.4 807.0 756.7 678.4 3

 4 U.S.-chartered commercial banks 553.4 568.0 625.0 646.4 693.4 735.8 684.1 610.3 591.6 559.4 498.6 4

 5 Foreign banking offices in U.S. 157.7 157.5 190.9 239.9 246.0 240.5 235.9 226.3 214.7 196.9 179.9 5

 6 Bank holding companies 2.1 0.8 0.6 0.8 0.6 0.7 0.9 0.8 0.6 0.4 -0.1 6

 7 Savings institutions 77.5 82.2 78.7 63.1 55.3 63.8 48.4 45.8 32.5 33.8 33.4 7

 8 REITs 41.7 69.2 82.2 97.0 103.5 105.8 85.2 91.4 89.4 91.3 89.0 8

 9 Brokers and dealers (net) 490.4 526.9 733.6 1071.8 1224.5 1219.2 1293.7 1147.3 1196.7 971.5 797.4 9

10 Total assets 1166.4 1398.9 1617.4 2028.3 2212.3 2256.3 2293.3 2342.2 2375.6 2240.7 2118.1 10

11 Nonfinancial corporate business 6.0 6.4 14.6 15.6 14.1 8.9 7.9 8.4 5.5 6.4 3.2 11

12 State and local governments 123.5 131.2 141.2 154.6 156.8 160.0 162.4 164.3 163.8 158.5 136.5 12

13 Rest of the world 460.2 665.1 713.3 1029.0 1189.1 1216.1 1149.6 1107.8 1103.3 987.5 895.5 13

14 Financial sectors 576.8 596.2 748.4 829.1 852.4 871.4 973.4 1061.7 1103.1 1088.4 1082.9 14

15 Monetary authority 43.8 33.0 46.8 40.8 33.3 25.3 44.8 46.5 76.0 114.5 83.0 15

16 Savings institutions 12.3 9.1 9.0 18.3 31.9 28.4 43.0 45.6 39.1 32.0 28.6 16

17 Credit unions (net) 1.6 4.1 6.7 5.1 10.2 6.9 5.8 2.5 3.2 1.2 -3.4 17

18 Property-casualty insurance companies 52.8 63.1 68.9 66.0 66.0 56.8 53.4 53.8 63.4 61.9 56.9 18

19 Private pension funds 20.5 26.5 28.2 31.5 31.9 38.4 39.0 41.8 40.7 37.1 36.6 19

20 State and local govt. retirement funds 23.4 20.2 19.7 22.6 28.0 28.0 28.1 26.7 26.8 26.7 21.5 20

21 Money market mutual funds 252.6 234.0 346.0 394.6 373.0 412.7 506.4 569.9 585.9 523.5 603.4 21

22 Mutual funds 94.5 112.6 115.4 132.8 125.8 128.6 128.6 132.2 136.0 149.6 118.4 22

23 Government-sponsored enterprises 75.3 93.6 107.7 117.4 152.3 146.3 124.5 142.7 131.8 141.9 138.0 23

24 Discrepancy--unallocated assets 182.1 36.5 124.1 120.4 148.3 141.8 90.7 -176.3 -205.8 -343.6 -441.9 24

L.208 Open Market Paper

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

 1 Total outstanding, all types 1292.9 1399.1 1644.2 1958.0 2003.7 2109.8 1857.6 1788.6 1784.6 1748.4 1555.3 1

 2 Commercial paper 1288.6 1395.0 1640.1 1957.5 2003.4 2109.4 1857.3 1788.1 1784.2 1748.0 1555.3 2

 3 Nonfinancial corporate business 82.5 97.8 90.1 112.5 126.2 154.3 131.4 123.8 140.0 139.9 146.5 3

 4 Foreign issues in U.S. 275.5 344.2 382.4 479.5 474.0 472.2 424.2 412.2 460.2 470.2 401.8 4

 5 Nonfinancial 15.5 13.3 29.0 27.0 25.8 26.3 27.3 29.0 20.7 28.5 31.3 5

 6 Financial 259.9 330.9 353.4 452.5 448.3 445.9 396.9 383.2 439.6 441.8 370.5 6

 7 Financial business 930.6 953.0 1167.6 1365.5 1403.2 1482.9 1301.7 1252.1 1184.0 1138.0 1007.0 7

 8 Commercial banking 42.3 53.1 57.1 78.8 82.6 87.1 98.5 116.7 115.7 130.3 115.8 8

 9 ABS issuers 529.4 525.3 673.2 835.8 829.1 903.9 728.4 642.2 588.3 558.5 509.9 9

10 Finance companies 145.1 175.3 160.0 165.3 132.5 127.0 119.8 123.5 113.5 112.4 103.3 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 213.7 199.3 277.3 285.6 358.9 364.9 355.0 369.7 366.4 336.8 278.0 12

13 Bankers acceptances (1) 4.4 4.1 4.1 0.5 0.3 0.4 0.3 0.5 0.4 0.3 0.0 13

14 Holdings, by sector 1292.9 1399.1 1644.2 1958.0 2003.7 2109.8 1857.6 1788.6 1784.6 1748.4 1555.3 14

15 Household sector 105.9 136.1 164.2 187.7 191.2 197.9 167.4 149.7 122.5 92.7 59.1 15

16 Nonfinancial corporate business 75.7 95.0 111.0 123.0 110.2 116.7 67.5 58.9 7.7 7.8 5.3 16

17 State and local governments 161.6 171.7 184.8 202.4 205.3 209.5 202.7 195.2 178.4 174.0 154.7 17

18 Rest of the world 192.8 229.8 239.6 287.6 297.3 303.5 283.3 276.9 282.8 303.1 254.6 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103.2 20

21 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions 0.7 0.8 0.8 1.0 1.6 1.7 1.0 0.4 2.7 0.7 0.0 22

23 Life insurance companies 55.9 48.2 40.2 53.1 53.8 56.6 55.9 61.4 69.3 75.9 72.3 23

24 Private pension funds 26.0 26.4 28.5 31.6 32.3 33.7 32.1 25.9 27.7 28.3 32.2 24

25 State and local govt. retirement funds 41.6 35.2 35.2 40.1 49.8 49.7 49.8 47.4 47.6 47.4 37.1 25

26 Money market mutual funds 459.9 405.8 492.2 608.3 659.4 663.4 665.7 711.1 766.0 701.2 575.0 26

27 Mutual funds 76.2 94.2 97.1 114.5 107.7 110.6 110.6 114.1 117.7 131.2 100.1 27

28 Government-sponsored enterprises 6.7 5.8 13.8 32.4 17.8 30.1 14.2 27.7 39.6 9.2 6.6 28

29 Brokers and dealers 49.4 48.0 60.2 64.3 77.1 79.9 86.0 87.1 107.5 102.9 150.8 29

30 Funding corporations 40.6 102.1 176.5 212.1 200.3 256.6 121.3 32.9 15.1 73.9 4.4 30

(1) Excludes banks’ holdings of own acceptances.
Z.1, December 11, 2008 87

L.209 Treasury Securities

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 4008.2 4370.7 4678.0 4861.7 5014.3 4904.0 5010.0 5099.2 5299.1 5250.6 5777.5 1

 2 Savings bonds 203.8 204.4 205.1 202.4 200.3 198.6 197.1 196.4 195.3 194.9 194.2 2

 3 Other Treasury issues 3804.4 4166.3 4472.9 4659.4 4814.0 4705.4 4812.9 4902.8 5103.8 5055.7 5583.4 3

 4 Total assets 4008.2 4370.7 4678.0 4861.7 5014.3 4904.0 5010.0 5099.2 5299.1 5250.6 5777.5 4

 5 Household sector 441.5 535.4 511.3 440.4 425.0 403.3 367.9 191.1 252.2 267.7 283.3 5

 6 Savings bonds 203.8 204.4 205.1 202.4 200.3 198.6 197.1 196.4 195.3 194.9 194.2 6

 7 Other Treasury issues 237.7 331.0 306.2 238.1 224.7 204.8 170.9 -5.3 56.9 72.8 89.2 7

 8 Nonfinancial corporate business 32.8 33.1 50.7 44.3 51.8 43.8 51.5 49.2 36.7 39.7 43.5 8

 9 Nonfarm noncorporate business 44.9 50.2 56.2 56.3 58.3 60.5 63.5 65.9 67.6 68.6 69.1 9

10 State and local governments 364.2 389.1 481.4 516.9 535.0 550.3 541.4 531.5 523.6 522.2 535.7 10

11 Rest of the world 1513.5 1813.6 1984.4 2126.2 2209.4 2197.5 2239.1 2432.1 2584.1 2708.2 2912.9 11

12 Monetary authority 666.7 717.8 744.2 778.9 780.9 790.5 779.6 740.6 591.2 478.8 476.6 12

13 Commercial banking 132.3 107.8 97.1 95.2 105.3 95.9 103.3 112.5 111.9 99.7 117.6 13

14 U.S.-chartered commercial banks 93.5 74.2 64.2 61.9 69.9 68.5 70.0 73.0 64.1 49.5 71.5 14

15 Foreign banking offices in U.S. 33.7 27.8 27.9 27.1 31.5 23.5 30.3 30.6 40.1 37.2 31.3 15

16 Bank holding companies 2.7 2.0 1.1 2.5 0.7 0.8 0.7 7.1 6.3 11.8 13.7 16

17 Banks in U.S.-affiliated areas 2.5 3.8 3.9 3.7 3.1 3.2 2.2 1.8 1.4 1.2 1.2 17

18 Savings institutions 12.2 8.4 12.3 12.4 7.6 7.4 8.0 7.0 6.0 4.9 5.1 18

19 Credit unions 8.8 8.9 7.7 7.4 7.0 7.3 8.6 10.4 9.6 10.2 10.3 19

20 Property-casualty insurance companies 64.7 71.3 69.2 75.8 71.0 66.0 60.8 55.1 54.8 54.7 58.4 20

21 Life insurance companies 71.8 78.5 91.2 83.2 79.8 76.1 72.6 68.3 68.5 68.7 71.6 21

22 Private pension funds 113.9 109.8 112.8 127.4 136.2 142.9 152.4 167.5 176.5 183.2 184.3 22

23 State and local govt. retirement funds 148.6 151.0 153.8 153.0 155.1 156.1 161.4 164.5 165.0 164.7 166.2 23

24 Federal government retirement funds 55.3 60.7 68.4 76.7 80.4 81.3 85.4 88.0 96.6 98.9 105.9 24

25 Money market mutual funds 132.1 98.2 88.6 82.7 90.9 89.0 127.4 177.9 276.7 267.2 421.7 25

26 Mutual funds 144.2 149.0 155.7 160.7 166.2 171.5 172.3 179.2 182.7 188.3 194.7 26

27 Closed-end funds 4.6 6.8 7.1 7.4 7.2 6.6 6.5 5.6 5.4 5.3 4.9 27

28 Exchange-traded funds 2.1 4.9 9.7 13.1 13.9 16.1 17.2 19.7 21.0 22.6 26.6 28

29 Government-sponsored enterprises 13.5 12.9 13.1 14.2 14.5 14.8 15.1 15.5 15.9 16.2 16.6 29

30 ABS issuers 2.8 8.0 27.7 56.4 60.4 66.3 71.3 77.5 76.8 73.9 68.5 30

31 Brokers and dealers 37.8 -44.6 -64.6 -67.0 -41.5 -139.3 -95.3 -60.0 -23.7 -93.3 4.1 31

 Memo:

32 Federal government debt (1) 4033.1 4395.0 4701.9 4885.3 5037.4 4927.2 5032.9 5122.3 5322.6 5274.1 5800.6 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
88 Z.1, December 11, 2008

L.210 Agency- and GSE-backed Securities (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 5952.9 6075.2 6158.0 6488.6 6623.4 6783.8 7090.1 7396.9 7566.0 7889.0 8072.9 1

 2 Budget agencies 24.9 24.3 23.8 23.5 23.2 23.2 23.0 23.1 23.5 23.5 23.1 2

 3 Government-sponsored enterprises 2601.3 2676.3 2592.2 2627.8 2644.5 2684.8 2824.0 2910.2 2940.2 3104.0 3154.8 3

 4 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 4

 5 Total assets 5952.9 6075.2 6158.0 6488.6 6623.4 6783.8 7090.1 7396.9 7566.0 7889.0 8072.9 5

 6 Household sector 437.9 405.7 501.2 439.4 488.2 548.0 665.0 737.7 733.0 707.0 828.4 6

 7 Nonfinancial corporate business 12.1 12.2 18.8 16.4 19.1 16.2 19.0 18.2 13.6 14.7 16.1 7

 8 State and local governments 351.2 373.2 401.6 439.9 446.0 455.2 457.1 454.6 453.0 450.0 461.5 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world 654.8 875.0 1011.9 1262.9 1313.5 1414.8 1474.5 1571.3 1618.4 1660.7 1600.4 10

11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.5 11

12 Commercial banking 1000.0 1095.0 1089.6 1135.3 1126.4 1124.3 1060.2 1022.4 1010.6 1088.8 1080.0 12

13 U.S.-chartered commercial banks 906.4 996.1 992.7 1040.3 1030.6 1027.6 962.2 928.9 923.2 985.7 991.4 13

14 Foreign banking offices in U.S. 53.0 51.8 50.9 54.8 54.2 56.3 57.9 56.9 49.0 47.0 44.6 14

15 Bank holding companies 11.6 13.5 11.2 11.2 12.5 11.6 12.7 9.9 13.0 28.3 16.6 15

16 Banks in U.S.-affiliated areas 28.9 33.6 34.8 29.0 29.0 28.9 27.4 26.6 25.4 27.8 27.4 16

17 Savings institutions 198.8 136.4 192.3 169.3 171.1 169.5 169.7 168.6 165.6 170.0 161.3 17

18 Credit unions 94.3 93.1 86.4 72.5 72.4 73.0 70.9 68.4 73.5 80.8 80.4 18

19 Property-casualty insurance companies 115.4 112.1 117.9 122.0 123.2 124.5 125.7 125.8 125.3 125.0 126.3 19

20 Life insurance companies 348.9 357.1 368.5 377.4 379.8 381.4 384.2 382.9 384.6 385.5 390.3 20

21 Private pension funds 221.4 232.8 251.4 262.1 272.5 277.9 289.9 301.0 304.0 306.0 306.5 21

22 State and local govt. retirement funds 235.1 258.8 258.4 295.1 299.1 301.0 311.2 317.2 318.1 317.7 333.0 22

23 Federal government retirement funds 5.1 4.6 4.6 4.7 4.8 4.7 4.9 5.0 5.9 5.8 5.8 23

24 Money market mutual funds 328.6 267.5 160.1 131.4 121.8 126.0 162.0 211.9 309.9 368.6 426.0 24

25 Mutual funds 447.5 462.7 483.4 499.1 516.4 533.0 543.9 565.4 576.3 594.0 613.9 25

26 Government-sponsored enterprises 1034.3 886.5 751.1 713.0 697.3 688.4 693.9 702.9 717.3 842.3 825.4 26

27 ABS issuers 354.9 350.5 319.2 344.8 347.1 347.0 364.5 364.4 366.5 361.7 360.1 27

28 REITs 28.9 44.7 40.6 65.4 76.8 76.2 78.7 88.9 92.3 99.4 93.1 28

29 Brokers and dealers 83.7 107.3 101.0 138.0 147.8 122.6 214.6 290.2 298.1 311.2 350.0 29

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 32.
Z.1, December 11, 2008 89

L.211 Municipal Securities and Loans

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1900.5 2031.0 2225.9 2403.2 2465.6 2533.8 2561.1 2618.6 2643.0 2664.1 2669.0 1

 2 State and local governments 1557.9 1673.0 1844.1 1994.6 2051.3 2110.1 2132.6 2179.8 2201.1 2211.5 2212.2 2

 3 Short-term (1) 106.1 100.2 105.9 102.8 105.6 103.0 105.3 120.1 120.8 114.2 121.0 3

 4 Long-term 1451.8 1572.8 1738.2 1891.8 1945.7 2007.1 2027.2 2059.7 2080.2 2097.3 2091.2 4

 5 Nonprofit organizations (2) 178.3 188.6 205.1 226.9 232.0 238.6 242.2 249.5 252.5 261.7 265.8 5

 6 Nonfinancial corporate business 164.2 169.4 176.7 181.7 182.3 185.1 186.4 189.3 189.5 190.9 191.0 6

 (industrial revenue bonds)

 7 Total assets 1900.5 2031.0 2225.9 2403.2 2465.6 2533.8 2561.1 2618.6 2643.0 2664.1 2669.0 7

 8 Household sector 704.1 742.7 821.3 873.9 877.9 911.5 907.2 906.0 900.2 917.7 905.4 8

 9 Nonfinancial corporate business 35.4 31.8 32.1 28.2 38.9 30.3 31.8 30.4 8.5 6.5 7.5 9

10 Nonfarm noncorporate business 2.7 4.3 4.4 5.8 6.0 6.2 6.5 6.7 6.9 7.0 7.1 10

11 State and local governments 4.4 4.7 5.0 5.5 5.6 5.7 5.8 5.8 5.8 5.8 5.8 11

12 Rest of the world 19.5 26.0 29.0 34.4 36.5 38.7 32.5 33.0 33.5 35.0 38.0 12

13 Commercial banking 132.7 140.8 157.7 180.2 188.2 190.3 192.8 192.4 203.2 202.9 223.4 13

14 Savings institutions 6.3 7.1 8.6 10.7 11.1 11.8 12.6 10.6 10.1 10.7 8.0 14

15 Property-casualty insurance companies 224.2 267.8 313.2 335.2 344.2 353.3 362.6 371.3 369.8 369.1 374.8 15

16 Life insurance companies 26.1 30.1 32.5 36.6 37.9 39.1 40.5 41.4 41.6 41.7 42.6 16

17 State and local govt. retirement funds 4.4 1.8 1.7 1.7 0.9 0.9 0.9 0.9 0.6 0.6 1.7 17

18 Money market mutual funds 292.1 313.8 336.8 370.3 388.3 398.7 430.7 473.5 495.3 504.0 477.8 18

19 Mutual funds 290.2 294.3 311.7 344.4 358.9 370.1 371.3 372.2 380.1 393.4 400.9 19

20 Closed-end funds 89.3 89.1 89.4 89.4 88.8 88.6 87.2 91.0 89.1 86.6 83.5 20

21 Government-sponsored enterprises 44.4 44.6 39.7 36.1 34.1 34.5 33.6 33.3 32.4 31.3 30.5 21

22 Brokers and dealers 24.9 32.0 42.9 50.9 48.4 54.0 45.1 50.1 66.1 51.8 61.9 22

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).

L.212 Corporate and Foreign Bonds

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

 1 Total liabilities 7047.0 7925.6 8696.8 9982.0 10441.5 10705.1 11083.0 11293.1 11378.0 11440.1 11261.5 1

 2 Nonfinancial corporate business 2900.1 2975.6 3032.3 3247.9 3319.5 3414.8 3469.9 3559.1 3600.9 3685.3 3703.8 2

 3 Rest of the world (1) 868.9 985.0 1011.6 1275.5 1331.3 1389.2 1432.7 1478.1 1486.3 1497.4 1424.7 3

 4 Financial sectors 3277.9 3965.1 4652.9 5458.6 5790.8 5901.0 6180.4 6255.9 6290.7 6257.3 6133.0 4

 5 Commercial banking 378.4 437.4 494.1 570.1 591.4 625.2 655.0 688.7 723.9 781.2 733.6 5

 6 Savings institutions 5.1 7.6 8.7 10.7 11.0 11.0 10.2 10.4 10.7 10.9 2.4 6

 7 ABS issuers (net) (3) 1687.8 2129.3 2705.7 3350.5 3515.0 3589.5 3807.2 3860.3 3844.5 3760.8 3697.1 7

 8 Finance companies 743.2 817.4 806.5 849.7 963.6 959.8 983.9 974.1 1004.5 989.3 986.7 8

 9 REITs 110.9 193.4 230.3 241.9 262.3 258.1 249.8 239.1 215.4 215.0 204.6 9

10 Brokers and dealers 47.0 62.2 62.4 68.8 83.7 93.6 86.3 64.8 80.4 84.5 76.9 10

11 Funding corporations 305.5 317.7 345.3 367.0 363.8 363.9 388.0 418.5 411.3 415.6 431.6 11

12 Total assets 7047.0 7925.6 8696.8 9982.0 10441.5 10705.1 11083.0 11293.1 11378.0 11440.1 11261.5 12

13 Household sector 1234.2 1401.0 1506.4 1754.9 1845.5 1743.3 1891.0 2017.6 1948.5 1931.6 1846.1 13

14 State and local governments 111.3 118.2 127.2 139.4 141.3 144.2 146.4 148.1 147.6 146.4 146.9 14

15 Rest of the world (2) 1330.6 1559.1 1763.8 2320.3 2500.7 2679.1 2687.2 2780.5 2781.7 2851.4 2819.8 15

16 Commercial banking 481.2 563.6 687.0 780.3 804.0 848.5 922.5 978.7 1003.3 975.3 955.8 16

17 Savings institutions 71.9 59.2 80.2 89.2 107.0 122.3 134.2 138.3 139.7 139.2 113.8 17

18 Credit unions 24.3 25.0 23.5 30.6 36.6 35.9 36.2 34.6 32.9 32.3 29.7 18

19 Property-casualty insurance companies 218.9 245.3 262.8 277.0 279.8 282.6 285.4 282.9 281.8 281.2 277.5 19

20 Life insurance companies 1610.5 1756.3 1824.8 1822.8 1840.4 1852.2 1870.7 1865.2 1874.0 1879.3 1886.6 20

21 Private pension funds 274.8 267.1 288.1 311.0 323.0 330.2 342.6 358.4 371.5 381.0 383.7 21

22 State and local govt. retirement funds 207.4 213.5 227.9 265.6 249.9 251.7 250.9 257.5 258.1 257.8 259.4 22

23 Federal government retirement funds 3.2 3.0 2.9 2.9 2.9 2.9 3.0 3.0 3.6 3.4 3.4 23

24 Money market mutual funds 258.7 261.0 263.2 368.3 389.1 422.1 416.0 377.1 405.6 391.7 286.1 24

25 Mutual funds 532.0 596.8 662.7 768.9 806.0 851.8 883.1 908.4 935.1 984.2 989.6 25

26 Closed-end funds 58.8 67.6 69.3 75.1 75.6 79.8 76.9 74.0 71.1 69.3 64.6 26

27 Exchange-traded funds 2.4 3.3 5.3 7.6 8.5 10.3 11.6 13.8 16.8 20.4 23.1 27

28 Government-sponsored enterprises 277.4 414.8 465.7 482.7 493.0 501.2 480.6 464.4 449.7 420.6 386.4 28

29 REITs 18.8 36.0 52.8 64.6 63.7 65.6 38.6 34.2 23.4 21.5 20.2 29

30 Brokers and dealers 219.3 238.0 315.7 360.5 404.9 422.2 420.8 386.4 366.5 269.0 212.1 30

31 Funding corporations 111.3 96.8 67.5 60.4 69.6 59.3 185.2 170.0 267.2 384.5 556.7 31

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
90 Z.1, December 11, 2008

L.213 Corporate Equities (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Issues at market value 16638.7 18947.2 20645.4 24079.1 24754.1 26123.9 26367.6 25187.4 22668.7 22222.7 19648.4 1

 2 Nonfinancial corporate business 10845.4 12086.2 12686.8 14340.3 14848.1 15738.4 15833.1 15242.9 13733.3 13778.7 12267.6 2

 3 Rest of the world (2) 2079.4 2560.4 3317.7 4329.0 4540.8 4979.3 5284.3 5170.6 4708.2 4665.4 3624.6 3

 4 Financial corporations 3713.9 4300.6 4640.9 5409.8 5365.3 5406.2 5250.2 4773.9 4227.2 3778.6 3756.2 4

 5 Holdings at market value 16638.7 18947.2 20645.4 24079.1 24754.1 26123.9 26367.6 25187.4 22668.7 22222.7 19648.4 5

 6 Household sector 6787.7 7495.9 8007.0 9275.4 9634.0 9994.4 9975.0 9300.2 8418.0 8193.5 7250.0 6

 7 State and local governments 84.7 90.0 96.8 106.0 107.5 109.7 111.4 112.7 112.3 109.5 97.4 7

 8 Rest of the world (3) 1674.6 1904.6 2039.1 2472.2 2523.2 2777.3 2822.0 2750.5 2493.6 2418.3 2194.3 8

 9 Commercial banking 15.0 20.3 24.1 35.3 35.4 40.9 43.9 41.5 33.0 31.9 20.6 9

10 Savings institutions 30.4 28.2 26.2 24.9 25.2 25.0 24.7 25.3 25.7 25.8 25.6 10

11 Property-casualty insurance companies 178.4 196.6 199.5 227.0 229.5 243.5 248.5 236.2 215.6 212.4 193.5 11

12 Life insurance companies 919.3 1053.9 1161.8 1364.8 1394.0 1473.3 1505.1 1464.6 1326.4 1316.4 1211.8 12

13 Private pension funds 2096.6 2333.5 2537.0 2807.3 2779.4 2853.9 2829.0 2698.6 2371.0 2302.8 2058.7 13

14 State and local govt. retirement funds 1421.0 1600.9 1715.8 1927.5 1943.3 2057.8 2060.4 1987.1 1778.0 1748.1 1610.8 14

15 Federal government retirement funds 79.9 99.2 112.6 138.1 140.4 151.4 150.1 149.2 128.5 127.7 111.1 15

16 Mutual funds 3051.3 3693.6 4175.7 4989.6 5181.1 5566.4 5701.3 5476.9 4923.6 4888.8 4086.3 16

17 Closed-end funds 53.0 82.3 105.6 122.5 137.2 147.1 153.6 146.2 132.2 125.0 103.5 17

18 Exchange-traded funds 146.3 219.0 285.8 402.0 421.9 460.0 521.9 573.7 530.6 532.8 528.7 18

19 Brokers and dealers 100.5 129.1 158.3 186.4 202.1 223.1 220.6 224.8 180.1 189.6 156.1 19

 Memo:

20 Market value of domestic corporations (4) 14035.6 15711.2 16528.1 18752.0 19162.1 20005.0 19870.1 18769.3 16843.1 16439.7 14995.8 20

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 9, 10, 11, 17, 18, and 19; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

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

 1 Shares at market value 4654.2 5436.3 6048.9 7068.3 7328.7 7805.2 7989.3 7829.0 7336.4 7412.3 6588.3 1

 2 Holdings at market value 4654.2 5436.3 6048.9 7068.3 7328.7 7805.2 7989.3 7829.0 7336.4 7412.3 6588.3 2

 3 Household sector 2904.3 3417.4 3839.3 4465.1 4671.4 4976.8 5100.2 4972.4 4716.4 4806.1 4208.7 3

 4 Nonfinancial corporate business 125.9 140.5 156.3 204.0 209.7 222.0 228.1 224.8 211.2 211.6 192.2 4

 5 State and local governments 25.9 27.5 29.6 32.5 32.9 33.6 34.1 34.5 34.4 36.7 31.8 5

 6 Rest of the world 146.1 195.8 242.0 294.1 304.3 323.5 331.2 324.5 304.1 307.3 273.1 6

 7 Commercial banking 17.1 18.1 17.4 24.5 22.5 24.9 28.9 29.6 26.4 25.5 19.9 7

 8 Credit unions 4.1 3.1 2.2 2.1 2.2 1.9 1.9 2.1 2.4 2.4 2.0 8

 9 Property-casualty insurance companies 4.3 5.2 5.7 6.9 6.9 7.1 7.1 6.8 6.3 6.3 5.9 9

10 Life insurance companies 91.7 114.4 109.0 148.8 159.0 174.4 185.2 188.4 181.9 187.8 181.6 10

11 Private pension funds 1126.9 1278.2 1399.0 1602.6 1629.7 1733.8 1765.2 1749.3 1587.8 1567.6 1432.5 11

12 State and local govt. retirement funds 207.9 235.9 248.4 287.7 290.0 307.1 307.5 296.6 265.4 260.9 240.4 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
Z.1, December 11, 2008 91

L.215 Bank Loans Not Elsewhere Classified

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Total loans by commercial

 1 banking, flow of funds basis 4444.6 4886.9 5456.0 6129.8 6121.5 6258.1 6506.2 6784.9 6853.8 6864.4 7086.5 1

 - Loans elsewhere classified:

 2 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 103.2 2

 3 Mortgages 2255.8 2595.6 2958.0 3403.1 3386.4 3472.1 3525.1 3645.7 3686.0 3662.2 3814.8 3

 4 Consumer credit 669.4 704.3 707.0 741.2 723.3 737.9 771.5 804.1 796.3 813.0 844.1 4

 5 Security credit 200.9 195.8 230.7 302.2 319.9 300.2 320.2 334.5 297.2 281.4 239.5 5

 6 = Banking sector total bank loans n.e.c. 1318.4 1391.2 1560.3 1683.4 1692.0 1747.9 1889.4 2000.6 2074.3 2107.8 2188.1 6

 7 U.S.-chartered commercial banks 1066.3 1131.6 1231.6 1290.8 1286.7 1324.0 1422.5 1504.7 1560.6 1591.3 1652.2 7

 8 Foreign banking offices in U.S. 225.7 234.0 294.7 361.8 377.1 396.6 438.5 466.8 484.9 486.9 507.1 8

 9 Bank holding companies 7.9 5.3 8.1 5.1 3.5 3.7 4.2 5.8 5.4 6.6 5.9 9

10 Banks in U.S.-affiliated areas 18.5 20.3 25.9 25.6 24.7 23.6 24.2 23.3 23.3 22.9 22.9 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39.7 30.3 286.7 11

12 = Total bank loans n.e.c. 1318.4 1391.2 1560.3 1683.4 1692.0 1747.9 1889.4 2000.6 2114.1 2138.1 2474.8 12

13 Total liabilities 1318.4 1391.2 1560.3 1683.4 1692.0 1747.9 1889.4 2000.6 2114.1 2138.1 2474.8 13

14 Nonfinancial sectors 1154.4 1169.1 1321.2 1508.4 1508.7 1551.1 1664.2 1759.6 1831.2 1851.7 1932.6 14

15 Households 52.8 35.5 48.3 96.3 92.0 91.8 103.5 107.7 112.0 94.5 116.2 15

16 Corporate business 548.3 547.2 515.2 532.2 545.5 558.9 601.6 637.4 663.1 679.3 703.7 16

17 Nonfarm noncorporate business 441.7 468.9 623.4 728.5 744.7 760.9 812.7 856.2 891.8 911.4 941.0 17

18 Farm business 45.5 47.7 49.9 53.2 51.7 54.5 54.9 55.5 52.7 57.0 58.4 18

19 Rest of the world 66.1 69.9 84.4 98.3 74.7 84.9 91.5 102.8 111.7 109.4 113.3 19

20 Foreign official institutions 4.5 5.5 2.6 1.9 1.8 1.9 1.8 1.9 2.0 3.1 2.3 20

21 Foreign banks 8.9 13.4 18.1 21.9 18.4 26.1 28.0 30.2 37.8 36.8 40.8 21

22 Other foreign 52.7 51.0 63.7 74.4 54.6 57.0 61.7 70.8 71.9 69.5 70.2 22

23 Financial sectors 164.0 222.1 239.1 175.0 183.3 196.8 225.2 241.0 282.9 286.3 542.1 23

24 Savings institutions 42.4 68.9 75.5 27.3 25.8 23.8 28.1 33.8 32.7 34.3 37.8 24

25 Finance companies 106.9 136.9 142.1 129.2 138.1 153.5 176.7 182.0 183.4 197.6 191.7 25

26 REITs 14.7 16.2 21.5 18.4 19.4 19.5 20.4 25.2 27.1 24.2 26.0 26

27 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39.7 1.5 148.7 27

28 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28.8 90.1 28
92 Z.1, December 11, 2008

L.216 Other Loans and Advances

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total other loans and advances 1582.5 1711.1 1866.9 2020.3 2055.7 2146.7 2409.0 2525.5 2568.1 2596.4 2674.7 1

 2 U.S. government loans 116.7 113.7 106.7 107.3 107.7 108.0 107.0 105.2 104.8 103.3 106.4 2

 3 Liab.: Household sector 13.1 12.2 11.5 12.9 12.9 12.9 12.7 12.5 12.3 13.0 12.9 3

 4 Nonfinancial corporate business 8.1 8.4 9.2 10.4 10.5 10.5 10.3 10.2 10.3 8.3 10.2 4

 5 Nonfarm noncorporate business 39.4 40.8 37.9 42.7 43.6 44.1 44.0 43.8 43.9 44.3 45.2 5

 6 Farm business 4.4 4.0 3.8 3.7 3.7 3.8 3.8 3.7 3.6 3.7 3.8 6

 7 State and local governments 9.7 10.0 10.6 11.2 11.4 11.6 11.8 11.9 12.0 12.2 12.5 7

 8 Rest of the world 42.0 38.3 33.7 26.4 25.6 25.1 24.4 23.1 22.7 21.9 22.0 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Foreign loans to U.S. corporate business 125.0 131.2 159.6 166.9 174.1 192.2 247.6 273.6 251.3 242.6 227.7 10

11 Liab.: Nonfinancial corporate business 125.0 131.2 159.6 166.9 174.1 192.2 247.6 273.6 251.3 242.6 227.7 11

 Customers’ liability on acceptances

12 outstanding (bank asset) 4.4 4.0 4.0 0.4 0.3 0.4 0.3 0.5 0.3 0.3 0.0 12

13 Liab.: Nonfinancial corporate business 4.2 3.8 3.8 0.3 0.1 0.1 0.1 0.2 0.1 0.1 0.0 13

14 Rest of the world 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 14

15 Savings institution loans to business 56.3 57.6 61.5 67.5 68.9 74.2 70.6 73.7 78.1 76.1 74.0 15

16 Liab.: Nonfinancial corporate business 28.2 28.8 30.7 33.7 34.4 37.1 35.3 36.9 39.0 38.1 37.0 16

17 Nonfarm noncorporate business 28.2 28.8 30.7 33.7 34.4 37.1 35.3 36.9 39.0 38.1 37.0 17

18 Policy loans (Household liability) 105.2 106.8 107.6 110.9 111.5 112.7 114.3 114.5 115.7 116.8 117.8 18

19 Asset: Federal government 0.8 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 19

20 Life insurance companies 104.5 106.1 106.9 110.2 110.9 112.1 113.6 113.9 115.1 116.2 117.2 20

21 Government-sponsored enterprise loans (1) 545.8 619.4 671.8 704.9 690.2 708.6 892.0 942.6 980.4 997.0 1087.0 21

22 Liab.: Household sector (SLMA) 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Noncorporate business (FCS) 19.8 18.1 20.0 24.2 25.0 25.3 26.5 28.5 31.7 34.1 31.9 23

24 Farm business (FCS) 24.0 25.5 31.6 39.3 40.8 41.4 43.7 47.0 52.3 56.2 51.5 24

25 Commercial banks (FHLB and SLMA) 235.3 244.1 268.5 348.5 341.2 349.8 430.5 455.2 472.9 482.4 612.1 25

26 Savings institutions (FHLB and SLMA) 249.3 309.3 325.5 259.8 251.5 254.6 337.6 350.9 363.9 355.5 305.1 26

27 Credit unions (FHLB) 9.1 11.4 14.7 18.9 16.2 18.9 28.4 32.3 28.5 35.4 43.5 27

28 Life insurance companies (FHLB) 8.0 11.1 11.5 14.2 15.4 18.6 25.3 28.7 31.1 33.4 42.9 28

29 Securitized loans held by ABS issuers 103.9 105.3 88.5 89.7 82.0 82.2 83.4 81.2 78.0 73.8 71.1 29

30 Liab.: Nonfinancial corporate business 103.9 105.3 88.5 89.7 82.0 82.2 83.4 81.2 78.0 73.8 71.1 30

31 Finance company loans to business 441.7 451.5 479.2 498.0 505.4 509.2 507.8 522.9 541.9 563.9 557.0 31

32 Liab.: Nonfinancial corporate business 397.6 406.4 431.3 448.2 454.8 458.3 457.1 470.6 487.7 507.5 501.3 32

33 Nonfarm noncorporate business 44.2 45.2 47.9 49.8 50.5 50.9 50.8 52.3 54.2 56.4 55.7 33

34 Loans to nonfinancial corporate business (2) 83.4 121.5 188.1 274.6 315.6 359.2 386.2 411.2 417.5 422.5 433.7 34

35 Asset: Household sector 3.1 5.9 8.7 8.3 10.7 13.1 14.6 16.1 16.4 16.7 17.3 35

36 Life insurance companies 9.8 11.7 15.9 19.1 22.2 25.4 27.4 29.3 29.8 30.2 31.0 36

37 Mutual funds 16.4 26.0 36.5 44.4 50.3 56.5 60.4 63.9 64.8 65.6 67.2 37

38 ABS issuers 37.8 56.7 94.5 149.3 173.6 199.5 215.5 230.3 234.0 237.0 243.7 38

39 Brokers and dealers 9.0 14.2 22.0 36.7 40.4 44.4 46.9 49.2 49.8 50.3 51.3 39

40 Funding corporations 7.3 7.0 10.6 16.8 18.4 20.2 21.3 22.4 22.6 22.8 23.3 40

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding banks and finance companies which are included elsewhere.
Z.1, December 11, 2008 93

L.217 Total Mortgages

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total mortgages 9398.6 10662.7 12100.3 13510.1 13791.9 14111.8 14377.2 14608.0 14738.8 14783.9 14720.1 1

 2 Home 7231.5 8268.5 9380.6 10456.3 10671.6 10883.8 11035.5 11168.4 11236.6 11228.1 11166.8 2

 3 Multifamily residential 564.8 617.9 688.5 742.7 760.1 782.7 808.0 839.6 858.4 875.2 890.4 3

 4 Commercial 1508.3 1679.4 1929.6 2209.6 2257.2 2340.7 2427.5 2492.1 2535.1 2571.2 2552.6 4

 5 Farm 94.1 96.9 101.5 101.5 103.0 104.6 106.2 107.8 108.6 109.4 110.3 5

 6 Total liabilities 9398.6 10662.7 12100.3 13510.1 13791.9 14111.8 14377.2 14608.0 14738.8 14783.9 14720.1 6

 7 Household sector 7045.9 8010.5 9054.0 10073.8 10277.5 10486.4 10643.9 10779.2 10853.8 10865.4 10818.1 7

 8 Nonfinancial business 2248.0 2521.6 2901.8 3284.8 3366.7 3475.4 3580.1 3671.6 3722.8 3758.6 3740.9 8

 9 Corporate 528.6 582.6 784.8 878.3 902.9 934.4 956.5 978.9 990.2 1000.9 990.9 9

10 Nonfarm noncorporate 1625.3 1842.1 2015.5 2305.1 2360.8 2436.4 2517.4 2584.9 2624.0 2648.2 2639.7 10

11 Farm 94.1 96.9 101.5 101.5 103.0 104.6 106.2 107.8 108.6 109.4 110.3 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 104.7 130.6 144.5 151.5 147.7 150.0 153.2 157.2 162.2 159.9 161.2 13

14 Total assets 9398.6 10662.7 12100.3 13510.1 13791.9 14111.8 14377.2 14608.0 14738.8 14783.9 14720.1 14

15 Household sector 120.7 128.5 135.6 138.2 139.2 139.2 140.7 142.0 144.0 154.3 147.3 15

16 Nonfinancial corporate business 51.8 66.6 68.3 59.9 57.8 55.7 53.7 51.6 49.5 47.4 45.3 16

17 Nonfarm noncorporate business 26.3 30.8 36.2 34.6 36.1 37.4 39.2 40.7 41.8 42.4 42.7 17

18 State and local governments 132.9 141.2 151.9 166.4 168.7 172.2 174.8 176.9 176.3 174.8 175.4 18

19 Federal government 73.8 75.4 77.8 81.5 82.3 83.1 83.1 83.4 83.9 85.4 84.6 19

20 Commercial banking 2255.8 2595.6 2958.0 3403.1 3386.4 3472.1 3525.1 3645.7 3686.0 3662.2 3814.8 20

21 Savings institutions (1) 870.6 1057.4 1152.7 1074.0 1117.3 1112.8 1146.9 1095.3 1111.9 1115.7 883.6 21

22 Credit unions 182.6 213.2 245.6 276.6 279.3 290.1 299.0 308.4 316.2 329.6 340.4 22

23 Property-casualty insurance companies 2.1 2.4 2.7 3.5 3.6 4.1 4.3 4.8 4.9 5.0 5.1 23

24 Life insurance companies 260.9 273.3 285.5 303.8 306.4 312.3 317.3 326.2 331.3 335.8 338.1 24

25 Private pension funds 10.2 10.0 9.8 9.5 9.3 9.5 9.7 10.2 10.4 10.7 10.9 25

26 State and local govt. retirement funds 20.4 15.1 16.4 14.1 12.7 12.8 13.3 12.4 12.4 12.3 12.2 26

27 Government-sponsored enterprises (1) 621.5 629.0 588.8 607.2 611.5 619.1 629.6 643.1 658.2 671.2 668.6 27

28 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 3955.7 4075.8 4243.1 4463.5 4602.4 4761.5 4894.9 28

29 ABS issuers 1023.4 1455.5 2141.4 2770.4 2897.7 3013.3 3006.2 2950.9 2875.7 2780.9 2689.7 29

30 Finance companies 370.2 476.0 541.4 594.4 579.8 563.2 560.4 531.9 525.8 491.6 468.6 30

31 REITs 48.7 118.0 146.3 135.8 148.1 138.9 130.8 121.1 108.3 103.1 97.8 31

(1) FHLB loans to savings institutions are included in other loans and advances.
94 Z.1, December 11, 2008

L.218 Home Mortgages (1)

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 7231.5 8268.5 9380.6 10456.3 10671.6 10883.8 11035.5 11168.4 11236.6 11228.1 11166.8 1

 2 Household sector 6886.0 7835.6 8872.5 9865.8 10065.1 10266.2 10410.5 10540.3 10609.6 10614.8 10570.7 2

 3 Nonfinancial corporate business 18.8 23.5 31.1 39.4 41.0 41.1 41.9 42.2 41.5 38.8 35.8 3

 4 Nonfarm noncorporate business 326.7 409.4 477.0 551.2 565.5 576.5 583.1 585.9 585.4 574.4 560.3 4

 5 Total assets 7231.5 8268.5 9380.6 10456.3 10671.6 10883.8 11035.5 11168.4 11236.6 11228.1 11166.8 5

 6 Household sector 106.3 112.4 118.5 124.6 126.1 127.6 129.2 130.7 132.2 142.1 135.3 6

 7 Nonfinancial corporate business 26.1 39.9 40.6 31.2 28.9 26.6 24.2 21.9 19.5 17.2 14.8 7

 8 Nonfarm noncorporate business 9.7 11.3 13.3 12.7 13.1 13.6 14.3 14.9 15.2 15.5 15.6 8

 9 State and local governments 67.8 72.0 77.5 84.9 86.1 87.8 89.2 90.2 89.9 89.1 89.4 9

10 Federal government 15.3 14.8 14.4 14.6 14.5 14.6 14.7 14.8 14.9 15.6 14.6 10

11 Commercial banking 1355.8 1581.0 1793.0 2084.5 2056.0 2106.8 2128.8 2208.2 2217.3 2158.0 2280.2 11

12 Savings institutions 702.8 874.2 953.8 867.8 911.5 905.3 933.5 879.0 884.9 884.5 691.6 12

13 Credit unions 182.6 213.2 245.6 276.6 279.3 290.1 299.0 308.4 316.2 329.6 340.4 13

14 Life insurance companies 7.1 7.9 7.7 11.3 11.1 11.1 11.0 11.1 11.4 11.7 11.8 14

15 Private pension funds 1.7 1.4 1.4 1.3 1.3 1.3 1.3 1.2 1.3 1.3 1.4 15

16 State and local govt. retirement funds 7.3 5.4 5.9 5.1 4.6 4.6 4.8 4.5 4.5 4.4 4.4 16

17 Government-sponsored enterprises 514.7 508.0 454.9 460.2 457.5 455.9 458.4 449.3 454.1 456.4 442.1 17

18 Agency- and GSE-backed mortgage pools 3211.2 3256.3 3419.7 3710.6 3826.4 3942.5 4105.9 4319.8 4455.3 4611.3 4741.7 18

19 ABS issuers 665.7 1045.7 1617.0 2129.2 2217.9 2287.0 2228.9 2162.6 2096.0 2009.9 1931.9 19

20 Finance companies 320.2 422.0 489.8 538.1 527.3 510.0 503.2 472.7 458.0 420.5 395.2 20

21 REITs 37.1 102.9 127.4 103.7 110.0 99.1 89.2 79.2 65.9 61.0 56.5 21

 Memo:

22 Home equity loans included above (2) 593.4 775.6 914.9 1065.5 1076.2 1096.6 1119.0 1128.9 1126.0 1125.9 1114.5 22

23 Commercial banking 366.0 483.5 549.0 653.6 637.9 655.8 676.9 692.3 698.0 711.1 768.5 23

24 Savings institutions 95.6 121.2 151.6 137.6 159.6 167.4 174.2 180.5 180.5 180.3 119.7 24

25 Credit unions 51.7 63.9 75.9 86.9 87.0 88.9 92.2 94.1 94.5 95.3 97.6 25

26 ABS issuers 16.1 23.2 40.4 79.8 86.1 82.5 75.0 67.5 61.4 55.1 49.7 26

27 Finance companies 64.0 83.7 98.0 107.6 105.5 102.0 100.6 94.5 91.6 84.1 79.0 27

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 564.8 617.9 688.5 742.7 760.1 782.7 808.0 839.6 858.4 875.2 890.4 1

 2 Nonfinancial corporate business 30.4 32.4 34.4 36.5 37.0 37.4 37.9 38.3 38.6 39.0 39.3 2

 3 Nonfarm noncorporate business 513.1 559.5 630.0 681.3 697.1 720.8 747.5 778.6 795.8 812.3 826.6 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 21.3 26.0 24.1 24.9 26.0 24.5 22.6 22.8 24.0 23.9 24.5 5

 6 Total assets 564.8 617.9 688.5 742.7 760.1 782.7 808.0 839.6 858.4 875.2 890.4 6

 7 Household sector 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 7

 8 Nonfinancial corporate business 1.0 1.0 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 8

 9 Nonfarm noncorporate business 8.8 10.4 12.3 11.7 12.1 12.6 13.2 13.7 14.1 14.3 14.4 9

10 State and local governments 53.1 56.5 60.8 66.6 67.5 68.9 69.9 70.8 70.5 69.9 70.1 10

11 Federal government 14.5 15.0 14.9 14.8 14.7 14.7 14.5 14.4 14.3 14.3 14.3 11

12 Commercial banking 104.5 118.7 138.7 157.6 159.7 161.6 165.0 168.4 172.9 176.1 210.4 12

13 Savings institutions 77.9 87.5 98.4 95.8 93.6 92.6 94.8 92.7 94.6 96.9 65.2 13

14 Life insurance companies 38.6 40.5 42.4 44.8 45.2 46.1 46.9 48.3 49.1 49.8 50.1 14

15 Private pension funds 2.2 2.2 2.1 2.0 2.0 2.0 2.1 2.1 2.3 2.4 2.7 15

16 State and local govt. retirement funds 6.1 4.5 4.9 4.2 3.8 3.8 4.0 3.7 3.7 3.7 3.7 16

17 Government-sponsored enterprises 68.2 82.5 93.0 105.4 111.3 119.4 126.2 147.7 157.7 167.9 179.4 17

18 Agency- and GSE-backed mortgage pools 114.5 117.4 121.3 123.5 125.9 128.6 132.6 139.2 142.7 145.9 148.5 18

19 ABS issuers 66.6 73.1 89.6 103.5 110.9 118.7 125.7 125.5 122.9 120.0 117.8 19

20 Finance companies 5.7 5.6 5.6 5.1 4.8 4.8 4.8 5.1 5.5 6.0 6.7 20

21 REITs 1.6 1.6 1.9 5.1 5.8 6.0 5.4 5.1 5.2 5.0 4.3 21
Z.1, December 11, 2008 95

L.220 Commercial Mortgages

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1508.3 1679.4 1929.6 2209.6 2257.2 2340.7 2427.5 2492.1 2535.1 2571.2 2552.6 1

 2 Household sector 159.9 174.9 181.5 208.0 212.4 220.3 233.4 238.9 244.1 250.5 247.4 2

 3 Nonfinancial corporate business 479.3 526.7 719.2 802.4 824.9 855.9 876.7 898.4 910.0 923.1 915.8 3

 4 Nonfarm noncorporate business 785.6 873.2 908.5 1072.7 1098.2 1139.1 1186.8 1220.4 1242.8 1261.5 1252.8 4

 5 REITs 83.4 104.6 120.4 126.6 121.7 125.4 130.6 134.5 138.2 136.0 136.7 5

 6 Total assets 1508.3 1679.4 1929.6 2209.6 2257.2 2340.7 2427.5 2492.1 2535.1 2571.2 2552.6 6

 7 Household sector 9.2 9.9 10.5 11.2 11.4 11.5 11.7 11.9 12.1 12.3 12.5 7

 8 Nonfinancial corporate business 24.7 25.6 26.6 27.6 27.8 28.0 28.3 28.5 28.8 29.0 29.3 8

 9 Nonfarm noncorporate business 6.7 7.9 9.2 8.8 9.1 9.5 9.9 10.3 10.6 10.8 10.8 9

10 State and local governments 10.6 11.3 12.2 13.3 13.5 13.8 14.0 14.2 14.1 14.0 14.0 10

11 Federal government 40.5 42.4 45.2 48.9 49.9 50.6 50.8 50.8 51.4 52.3 52.3 11

12 Commercial banking 762.6 860.7 989.4 1123.2 1132.3 1164.6 1191.4 1228.5 1254.8 1286.9 1282.7 12

13 Savings institutions 89.2 95.1 100.0 109.6 111.4 114.2 117.7 122.7 131.5 133.3 126.0 13

14 Property-casualty insurance companies 2.1 2.4 2.7 3.5 3.6 4.1 4.3 4.8 4.9 5.0 5.1 14

15 Life insurance companies 203.9 214.1 224.3 236.7 239.2 244.1 248.4 255.7 259.7 263.3 265.2 15

16 Private pension funds 6.4 6.4 6.3 6.2 6.0 6.1 6.3 6.8 6.8 7.0 6.9 16

17 State and local govt. retirement funds 6.9 5.1 5.6 4.8 4.3 4.3 4.5 4.2 4.2 4.2 4.2 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 291.0 336.7 434.8 537.7 568.8 607.6 651.5 662.8 656.8 650.9 640.0 19

20 Finance companies 44.2 48.4 46.0 51.1 47.6 48.4 52.4 54.0 62.3 65.2 66.7 20

21 REITs 10.1 13.5 17.0 27.0 32.3 33.9 36.1 36.8 37.2 37.1 37.0 21

L.221 Farm Mortgages (1)

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

 1 Total liabilities (Farm business) 94.1 96.9 101.5 101.5 103.0 104.6 106.2 107.8 108.6 109.4 110.3 1

 2 Total assets 94.1 96.9 101.5 101.5 103.0 104.6 106.2 107.8 108.6 109.4 110.3 2

 3 Household sector 3.7 4.7 5.0 0.8 0.1 -1.6 -1.9 -2.2 -2.0 -1.8 -2.2 3

 4 Nonfarm noncorporate business 1.1 1.2 1.4 1.4 1.7 1.7 1.8 1.8 1.9 1.9 2.0 4

 5 State and local governments 1.3 1.4 1.5 1.7 1.7 1.7 1.7 1.8 1.8 1.7 1.8 5

 6 Federal government 3.4 3.2 3.2 3.2 3.2 3.2 3.2 3.3 3.2 3.3 3.5 6

 7 Commercial banking 32.9 35.2 36.9 37.8 38.5 39.2 39.9 40.6 40.9 41.2 41.5 7

 8 Savings institutions 0.6 0.6 0.6 0.7 0.8 0.8 0.8 0.9 0.9 0.9 0.9 8

 9 Life insurance companies 11.4 10.9 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 38.7 38.6 40.9 41.7 42.7 43.9 45.0 46.1 46.5 46.8 47.1 11

12 Agency- and GSE-backed mortgage pools 1.0 0.9 0.8 3.2 3.4 4.7 4.6 4.5 4.5 4.3 4.7 12

(1) Excludes mortgages on farm houses.
96 Z.1, December 11, 2008

L.222 Consumer Credit

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities (Households) 2104.4 2219.4 2313.9 2418.3 2399.0 2432.2 2502.2 2551.9 2529.9 2555.8 2590.5 1

 2 Total assets 2104.4 2219.4 2313.9 2418.3 2399.0 2432.2 2502.2 2551.9 2529.9 2555.8 2590.5 2

 3 Nonfinancial corporate business 58.5 58.6 58.8 56.8 53.0 53.5 53.8 55.2 51.2 51.3 51.9 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 82.4 86.1 89.8 91.7 95.1 94.9 98.0 98.4 103.5 104.6 106.9 5

 6 Commercial banking 669.4 704.3 707.0 741.2 723.3 737.9 771.5 804.1 796.3 813.0 844.1 6

 7 Savings institutions 77.9 91.3 109.1 95.5 94.6 97.2 87.0 90.8 87.5 90.0 77.8 7

 8 Credit unions 205.9 215.4 228.6 234.5 232.3 233.0 236.9 235.7 230.1 231.1 236.9 8

 9 Government-sponsored enterprises 20.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 596.8 571.5 604.0 664.2 668.8 673.2 687.3 683.7 680.4 684.1 676.6 10

11 Finance companies 393.0 492.3 516.5 534.4 532.0 542.6 567.6 584.1 580.7 581.8 596.3 11

L.223 Trade Credit

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

 1 Total trade payables 2465.4 2659.8 3000.2 3217.3 3289.9 3379.7 3447.9 3535.3 3614.1 3735.5 3667.3 1

 2 Household sector 156.8 173.3 186.3 199.9 203.5 207.1 210.8 214.5 218.4 222.2 226.2 2

 3 Nonfinancial corporate business 1402.7 1499.9 1699.4 1837.3 1871.8 1907.3 1937.7 2026.0 2080.9 2182.2 2107.8 3

 4 Nonfarm noncorporate business 255.3 277.4 329.4 349.4 358.8 369.5 383.8 395.8 403.8 408.5 410.8 4

 5 Farm business 7.1 8.9 6.4 -1.3 0.9 -0.3 -0.8 -2.4 -4.8 -13.0 -9.7 5

 6 State and local governments 419.5 449.9 482.4 517.3 526.5 535.9 545.5 555.4 565.4 575.8 586.4 6

 7 Federal government 151.2 166.3 198.8 205.7 213.7 226.0 230.9 228.4 237.7 252.9 248.0 7

 8 Rest of the world 44.7 48.2 54.5 60.7 63.1 68.7 77.8 71.9 69.3 67.7 63.4 8

 9 Brokers and dealers 28.2 36.0 43.1 48.3 51.7 65.5 62.1 45.8 43.5 39.1 34.3 9

10 Total trade receivables 2439.5 2622.8 2993.9 3063.7 3179.8 3309.9 3382.7 3380.8 3505.8 3657.4 3571.7 10

11 Nonfinancial corporate business 1702.4 1831.3 2109.0 2105.5 2198.2 2294.0 2340.4 2309.2 2402.6 2553.9 2474.1 11

12 Nonfarm noncorporate business 337.7 364.3 430.9 470.9 487.1 505.8 530.6 551.3 565.2 573.4 577.4 12

13 State and local governments 126.5 134.4 144.7 158.5 160.7 164.0 166.5 168.4 167.9 166.2 166.7 13

14 Federal government 51.3 61.8 70.9 71.3 70.5 71.7 71.1 71.5 71.1 71.7 71.4 14

15 Rest of the world 50.1 49.0 56.9 62.8 65.3 76.4 81.3 83.5 94.3 99.9 100.3 15

16 Property-casualty insurance companies 79.3 79.6 82.1 87.0 87.0 89.6 88.7 85.4 86.3 87.1 87.3 16

17 ABS issuers 92.2 102.3 99.5 107.9 111.1 108.5 104.2 111.4 118.3 105.1 94.6 17

18 Discrepancy 25.9 37.1 6.3 153.6 110.0 69.7 65.2 154.5 108.4 78.1 95.6 18

L.224 Security Credit

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

 1 Total liabilities 858.8 1038.2 1038.4 1249.9 1289.0 1379.5 1374.5 1526.4 1647.1 1564.9 1626.9 1

 2 Household sector 182.5 264.0 232.4 292.1 279.0 334.0 296.5 325.5 365.3 291.5 400.6 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 676.3 774.2 806.0 957.8 1010.0 1045.5 1078.0 1200.9 1281.7 1273.4 1226.3 4

 5 Customer credit balances (HH) 475.4 578.3 575.3 655.7 690.1 745.3 757.8 866.4 984.5 992.1 986.9 5

 6 From U.S.-chartered commercial banks 91.4 102.2 95.6 116.5 122.0 118.9 135.3 145.9 158.4 158.1 178.7 6

 7 From foreign banking offices in U.S. 109.5 93.7 135.1 185.6 197.9 181.2 184.9 188.6 138.8 123.2 60.8 7

 8 Total assets 858.8 1038.2 1038.4 1249.9 1289.0 1379.5 1374.5 1526.4 1647.1 1564.9 1626.9 8

 9 Household sector 475.4 578.3 575.3 655.7 690.1 745.3 757.8 866.4 984.5 992.1 986.9 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 200.9 195.8 230.7 302.2 319.9 300.2 320.2 334.5 297.2 281.4 239.5 11

12 Brokers and dealers 182.5 264.0 232.4 292.1 279.0 334.0 296.5 325.5 365.3 291.5 400.6 12
Z.1, December 11, 2008 97

L.225 Life Insurance and Pension Fund Reserves

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Life insurance reserves:

 1 Total liabilities 1013.2 1060.4 1082.6 1163.7 1172.7 1191.1 1199.6 1201.5 1194.0 1202.2 1187.7 1

 2 Federal government 40.5 41.6 42.7 44.2 44.2 44.7 44.7 45.4 45.3 45.8 45.7 2

 3 Life insurance companies 972.7 1018.8 1039.9 1119.5 1128.6 1146.4 1154.8 1156.1 1148.7 1156.4 1142.0 3

 4 Total assets (Households) 1013.2 1060.4 1082.6 1163.7 1172.7 1191.1 1199.6 1201.5 1194.0 1202.2 1187.7 4

 Pension fund reserves:

 5 Total liabilities 9722.4 10632.6 11368.9 12483.6 12575.3 13023.6 13158.1 13007.4 12196.2 12109.2 11508.7 5

 6 Life insurance companies 1803.2 2027.9 2197.4 2332.4 2354.8 2423.8 2457.5 2437.8 2385.8 2394.6 2340.5 6

 7 Private pension funds (1) 4561.6 4955.8 5334.8 5923.1 5975.2 6219.0 6284.3 6186.6 5693.8 5628.8 5228.9 7

 8 State and local govt. retirement funds 2399.1 2625.6 2765.2 3086.9 3113.5 3247.6 3263.8 3185.7 2945.2 2906.5 2750.9 8

 9 Federal government retirement funds (2) 958.5 1023.3 1071.5 1141.1 1131.8 1133.2 1152.4 1197.2 1171.5 1179.2 1188.5 9

10 Total assets (Households) (3) 9722.4 10632.6 11368.9 12483.6 12575.3 13023.6 13158.1 13007.4 12196.2 12109.2 11508.7 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 240.4 268.9 297.0 321.0 340.3 340.1 351.8 346.7 364.7 365.0 373.6 1

 2 Nonfinancial corporate business 81.2 88.0 93.1 92.8 105.7 99.7 104.3 94.1 106.7 101.1 105.3 2

 3 Nonfarm noncorporate business 69.7 78.0 86.7 95.7 97.4 99.3 101.9 104.1 105.5 106.4 106.8 3

 4 U.S.-chartered commercial banks 19.1 22.2 25.6 29.3 30.3 31.3 32.3 33.3 34.3 35.4 36.4 4

 5 Savings institutions 1.3 1.9 2.6 2.1 2.0 1.8 2.2 2.3 2.0 2.0 1.4 5

 6 Property-casualty insurance companies 29.3 33.5 38.2 43.4 44.7 46.1 47.6 49.0 50.5 52.1 53.6 6

 7 Life insurance companies 24.9 28.1 31.6 35.6 36.7 37.8 38.9 40.0 41.2 42.4 43.6 7

 8 Finance companies 13.2 15.0 17.1 19.3 19.9 20.5 21.2 21.8 22.5 23.2 23.9 8

 9 Brokers and dealers 1.8 2.2 2.1 2.8 3.5 3.5 3.5 2.2 2.0 2.6 2.5 9

10 Total business taxes receivable 159.8 179.7 220.7 286.6 298.8 313.1 326.5 340.0 352.8 364.9 376.7 10

11 State and local governments 68.4 89.0 126.4 185.1 197.3 211.6 225.0 238.5 251.3 263.4 271.6 11

12 Federal government 91.4 90.7 94.3 101.5 101.5 101.5 101.5 101.5 101.5 101.5 105.0 12

13 Discrepancy 80.6 89.1 76.3 34.4 41.5 27.0 25.3 6.8 12.0 0.1 -3.1 13

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 5560.9 6318.5 7149.4 7672.6 7796.2 7893.4 7923.3 7898.7 7845.7 7845.7 7731.8 1

 2 Nonfarm noncorporate business 4422.9 4973.3 5623.2 5955.9 6036.8 6100.5 6092.0 6024.3 5917.3 5873.9 5742.7 2

 3 Farm business 1133.2 1340.8 1529.9 1717.2 1758.8 1791.9 1830.4 1871.9 1926.1 1968.5 1986.9 3

 4 Brokers and dealers 4.8 4.4 -3.7 -0.4 0.6 1.0 0.9 2.5 2.4 3.2 2.2 4
98 Z.1, December 11, 2008

L.228 Total Miscellaneous Financial Claims

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 12287.8 13827.1 15112.3 16447.5 16344.8 16461.3 16797.1 17346.1 18235.9 18321.4 19848.8 1

 2 Household sector 20.9 22.5 22.4 22.8 23.4 23.4 23.8 23.9 25.0 25.4 25.8 2

 3 Nonfinancial corporate business 3409.5 3583.5 3842.5 3980.8 3925.5 3835.7 3899.5 3776.9 3756.5 3646.2 3678.1 3

 4 Nonfarm noncorporate business 648.8 717.6 860.3 1005.4 1021.0 1038.6 1069.6 1098.5 1115.4 1122.1 1123.8 4

 5 Federal government 843.6 901.6 946.1 1002.4 992.0 1006.2 1032.7 1080.4 1075.7 1093.2 1128.0 5

 6 Rest of the world 2532.9 3351.3 3878.9 4347.4 4295.4 4113.0 4013.5 4556.7 5076.2 5067.0 6412.7 6

 7 Monetary authority 8.3 12.5 15.3 18.5 19.4 19.3 20.7 21.0 21.0 21.3 15.2 7

 8 Commercial banking 1553.6 1700.0 1689.5 1814.5 1780.8 1942.4 2093.2 2196.6 2328.9 2363.5 2279.6 8

 9 Savings institutions 118.5 136.9 177.7 205.3 220.1 227.5 215.3 208.6 197.0 184.8 134.7 9

10 Credit unions 7.4 9.3 11.9 9.2 10.5 8.3 3.5 3.6 7.6 3.2 1.9 10

11 Property-casualty insurance companies 667.2 708.3 759.3 800.0 790.2 806.2 815.8 814.4 822.1 843.0 857.8 11

12 Life insurance companies 730.6 783.9 808.0 910.2 933.9 957.9 994.4 999.1 983.8 976.0 960.6 12

13 Government-sponsored enterprises 145.8 141.7 144.5 154.2 152.8 161.4 169.6 166.4 182.2 175.6 202.1 13

14 Finance companies 666.4 719.6 702.7 713.3 660.0 668.8 657.3 648.1 658.9 651.9 654.1 14

15 REITs 42.2 50.0 53.8 62.5 57.9 56.7 60.9 65.7 64.7 63.2 65.7 15

16 Brokers and dealers 346.3 421.7 511.5 604.1 651.4 743.9 681.5 624.5 595.0 574.5 644.1 16

17 Funding corporations 545.6 566.6 687.8 796.8 810.7 852.0 1045.7 1061.7 1325.7 1510.5 1664.5 17

18 Total assets 15907.9 17559.6 18736.5 21139.7 21751.7 22315.4 23028.6 23557.5 24554.4 24747.8 25262.1 18

19 Household sector 489.1 541.5 591.1 631.2 643.8 673.5 693.1 698.4 722.1 739.1 762.6 19

20 Nonfinancial corporate business 7117.4 7699.1 8159.7 9068.1 9260.2 9414.3 9680.4 9906.0 9984.9 9904.7 9964.6 20

21 Nonfarm noncorporate business 790.6 953.7 1156.2 1430.6 1483.1 1538.0 1610.5 1670.1 1711.2 1735.6 1747.8 21

22 Farm business 41.2 43.2 44.5 48.6 49.5 50.3 51.2 52.0 52.6 53.2 53.8 22

23 State and local governments 83.5 80.0 48.6 6.8 13.0 22.9 27.5 18.1 23.5 18.5 5.7 23

24 Federal government 101.7 102.3 100.9 101.8 101.9 103.2 102.6 102.8 102.2 103.9 122.3 24

25 Rest of the world 2117.4 2498.5 2691.4 3302.1 3432.5 3443.6 3535.8 3889.2 4384.3 4511.7 4831.3 25

26 Monetary authority 18.2 18.6 18.1 17.0 16.8 17.4 16.7 40.5 37.3 77.2 303.2 26

27 Commercial banking 1527.5 1657.5 1717.8 1750.4 1725.4 1806.3 1964.2 1956.1 2250.9 2326.7 2396.7 27

28 Savings institutions 98.5 167.0 108.3 123.9 132.1 134.7 142.0 127.3 126.1 116.5 103.5 28

29 Credit unions 26.3 24.5 24.2 24.9 22.9 28.0 29.8 35.9 38.4 40.5 43.7 29

30 Property-casualty insurance companies 85.0 87.3 96.5 99.0 98.2 99.3 100.0 94.0 98.7 101.3 104.2 30

31 Life insurance companies 74.7 126.6 153.1 147.1 124.5 116.0 114.2 123.3 131.8 122.3 136.7 31

32 Private pension funds 474.8 479.6 481.3 538.1 558.1 594.5 618.5 628.8 596.6 602.2 572.5 32

33 State and local govt. retirement funds 11.3 15.9 15.4 15.1 15.7 15.8 15.8 15.0 15.1 15.1 16.2 33

34 Federal government retirement funds 815.0 855.9 882.9 918.7 903.4 892.8 909.0 952.0 936.9 943.5 962.3 34

35 Money market mutual funds 56.2 53.3 43.3 59.2 82.6 96.5 124.3 128.1 122.2 114.2 122.5 35

36 Mutual funds 2.0 7.0 10.7 14.0 16.4 16.8 17.8 16.8 20.1 17.3 17.3 36

37 Government-sponsored enterprises 109.4 113.9 117.8 114.6 123.5 140.3 135.4 141.7 142.6 145.6 100.0 37

38 Finance companies 437.4 397.5 275.6 220.3 231.0 237.3 244.3 228.1 248.3 248.3 243.9 38

39 REITs 29.2 40.4 51.0 59.7 54.8 57.5 56.9 55.8 57.3 59.8 61.3 39

40 Brokers and dealers 858.8 994.0 1202.6 1599.4 1780.3 1938.8 1880.3 1633.7 1712.2 1669.3 1436.9 40

41 Funding corporations 542.7 602.2 745.3 848.9 882.4 877.7 958.4 1043.8 1039.2 1081.6 1153.0 41

42 Discrepancy -3620.1 -3732.5 -3624.2 -4692.2 -5406.8 -5854.2 -6231.4 -6211.4 -6318.4 -6426.4 -5413.3 42
Z.1, December 11, 2008 99

L.229 Identified Miscellaneous Financial Claims - Part I

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2054.5 2498.5 2651.7 2936.0 3009.3 3105.6 3176.6 3332.8 3433.4 3503.7 3582.4 1

 2 Asset: Nonfinancial corporate business 1718.5 2056.6 2164.9 2405.3 2473.4 2531.7 2587.3 2712.5 2792.7 2853.0 2916.3 2

 3 Commercial banking 56.3 91.2 102.8 105.4 103.6 111.0 116.1 126.7 128.0 129.6 131.2 3

 4 Property-casualty insurance companies 85.0 87.3 96.5 99.0 98.2 99.3 100.0 94.0 98.7 101.3 104.2 4

 5 Life insurance companies 27.9 36.5 43.3 43.0 44.1 45.4 48.7 57.6 59.0 61.1 62.6 5

 6 Finance companies 151.3 202.5 217.4 242.0 247.5 274.3 279.2 304.3 315.1 316.7 324.0 6

 7 Brokers and dealers 15.4 24.3 26.7 41.4 42.5 43.8 45.2 37.8 39.8 41.9 44.1 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1192.5 1231.2 1269.6 1383.5 1450.0 1506.4 1526.6 1607.4 1659.4 1688.8 1696.8 8

 9 Nonfarm noncorporate business 2.4 2.4 2.4 2.8 2.8 2.9 3.3 3.6 3.7 3.7 3.6 9

10 Commercial banking 85.2 122.7 130.2 148.0 151.3 156.1 166.5 141.0 149.4 155.0 161.6 10

11 Property-casualty insurance companies 68.2 61.4 60.1 84.2 67.3 76.0 78.4 79.9 80.3 90.7 98.8 11

12 Life insurance companies 46.6 66.6 65.8 71.9 71.5 74.1 74.2 74.4 76.4 77.8 80.6 12

13 Finance companies 68.1 71.4 88.7 102.5 97.4 98.2 104.4 109.7 120.3 130.6 144.5 13

14 Brokers and dealers 87.3 94.9 155.9 145.6 147.0 147.2 146.6 128.8 130.0 130.7 130.4 14

15 Funding corporations 30.7 92.1 133.3 213.1 178.1 169.2 236.7 278.0 284.1 323.2 376.6 15

16 Asset: Rest of the world 1581.0 1742.7 1906.0 2151.6 2165.5 2230.0 2336.7 2422.8 2503.6 2600.5 2692.8 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 40.0 42.0 43.2 45.3 45.6 46.7 46.8 46.9 47.0 48.1 49.0 17

18 Asset: Federal government 40.0 42.0 43.2 45.3 45.6 46.7 46.8 46.9 47.0 48.1 49.0 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 8.8 11.9 13.5 15.3 15.8 16.1 17.3 18.5 19.5 19.9 20.3 19

20 Asset: Commercial banking 8.8 11.9 13.5 15.3 15.8 16.1 17.3 18.5 19.5 19.9 20.3 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 42.3 44.8 46.7 46.9 46.9 47.0 53.8 56.0 58.4 59.2 60.0 21

22 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Nonfarm noncorporate (BC) 2.1 2.0 1.8 1.9 2.0 2.1 2.1 2.2 2.2 2.3 2.4 23

24 Farm business (FICB and FLB) 2.5 2.7 2.8 3.0 3.2 3.4 3.5 3.6 3.6 3.7 3.9 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Commercial banks (FHLB) 18.7 19.3 20.2 22.9 22.4 22.4 25.3 26.7 28.6 28.8 31.1 26

27 Savings institutions (FHLB) 16.4 17.4 18.5 15.6 15.9 15.3 18.5 18.8 19.2 19.1 16.4 27

28 Credit unions (FHLB) 1.4 1.7 1.8 1.9 1.7 1.9 2.3 2.5 2.4 2.7 3.1 28

29 Life insurance companies (FHLB) 1.1 1.7 1.6 1.6 1.7 1.8 2.1 2.2 2.4 2.6 3.1 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 689.8 857.0 897.0 1006.9 1017.9 1040.2 1086.4 1133.1 1158.4 1148.5 1157.3 30

31 Savings institutions 9.3 10.5 11.8 13.2 13.6 14.0 14.4 14.8 15.2 15.6 16.1 31

32 Finance companies 64.3 128.8 156.1 169.3 163.5 172.2 163.9 160.7 164.3 160.0 163.4 32

33 Brokers and dealers 191.4 201.9 216.1 224.1 205.1 206.2 210.8 168.1 159.5 185.9 205.9 33

34 Asset: Bank holding companies 954.8 1198.2 1281.0 1413.5 1400.1 1432.6 1475.5 1476.6 1497.5 1509.9 1542.7 34

 NFC inv. in finance company subs.:

35 Liab.: Finance companies 138.5 128.8 156.1 169.3 163.5 172.2 163.9 160.7 164.3 160.0 163.4 35

36 Asset: Nonfinancial corporate business 138.5 128.8 156.1 169.3 163.5 172.2 163.9 160.7 164.3 160.0 163.4 36

 Funding corp. investment in subs.:

37 Liab.: Foreign banking offices in U.S. 134.7 167.7 188.8 197.3 231.1 240.7 225.3 241.0 240.4 237.3 192.6 37

38 Brokers and dealers 408.0 434.5 556.6 651.6 651.4 636.9 733.1 802.8 798.8 844.3 960.4 38

39 Asset: Funding corporations 542.7 602.2 745.3 848.9 882.4 877.7 958.4 1043.8 1039.2 1081.6 1153.0 39
100 Z.1, December 11, 2008

L.230 Identified Miscellaneous Financial Claims - Part II

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.8 2.8 0.6 0.6 0.6 0.5 0.4 24.5 21.5 62.5 288.2 1

 2 Asset: Federal government 2.8 2.8 0.6 0.6 0.6 0.5 0.4 0.5 0.5 0.5 0.0 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.0 21.0 62.0 288.2 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 20.5 18.4 19.2 19.0 22.7 21.1 24.6 20.9 26.7 20.1 27.1 6

 7 Asset: Savings institutions 20.5 18.4 19.2 19.0 22.7 21.1 24.6 20.9 26.7 20.1 27.1 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 20.9 22.5 22.4 22.8 23.4 23.4 23.8 23.9 25.0 25.4 25.8 8

 9 Asset: Life insurance companies 20.9 22.5 22.4 22.8 23.4 23.4 23.8 23.9 25.0 25.4 25.8 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 199.5 211.0 217.3 232.1 236.7 238.4 244.8 247.6 257.6 258.8 263.2 10

11 Health 121.5 131.3 138.3 149.8 152.1 153.2 157.9 163.3 171.2 171.5 175.1 11

12 Policy dividend accumulation 40.5 41.7 42.7 43.5 43.8 44.0 45.1 43.7 44.1 44.6 44.8 12

13 Policy and contract claims 37.5 38.0 36.3 38.8 40.8 41.2 41.9 40.6 42.4 42.6 43.2 13

14 Asset: Household sector 199.5 211.0 217.3 232.1 236.7 238.4 244.8 247.6 257.6 258.8 263.2 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 599.0 646.9 699.2 715.8 722.9 730.2 737.5 734.5 741.8 752.2 759.0 15

16 Asset: Household sector 266.8 290.4 316.0 320.5 323.6 326.7 329.6 327.3 330.5 335.3 338.4 16

17 Nonfinancial corporate business 236.6 255.5 276.2 282.7 285.6 288.4 291.3 290.1 293.0 297.4 300.1 17

18 Nonfarm noncorporate business 56.9 60.5 65.3 66.9 67.6 68.2 68.9 68.6 69.3 70.0 70.7 18

19 Farm business 38.7 40.5 41.7 45.6 46.2 46.9 47.6 48.5 48.9 49.5 49.9 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 317.0 328.4 338.4 387.9 401.8 432.4 446.0 444.3 407.8 409.2 380.2 20

21 Asset: Private pension funds 317.0 328.4 338.4 387.9 401.8 432.4 446.0 444.3 407.8 409.2 380.2 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 49.8 46.6 44.8 42.8 42.3 44.5 47.2 47.2 47.7 48.2 47.9 22

23 Asset: Private pension funds 49.8 46.6 44.8 42.8 42.3 44.5 47.2 47.2 47.7 48.2 47.9 23

 Securities borrowed (net):

24 Liab.: Funding corporations 678.0 764.8 939.7 1242.3 1377.1 1436.5 1415.1 1240.2 1369.1 1359.5 1128.3 24

25 Asset: Brokers and dealers 678.0 764.8 939.7 1242.3 1377.1 1436.5 1415.1 1240.2 1369.1 1359.5 1128.3 25

 Nonmarketable government securities:

26 Liab.: Federal government 815.0 855.9 882.9 918.7 903.4 892.8 909.0 952.0 936.9 943.5 962.3 26

27 Asset: Federal government retirement funds 815.0 855.9 882.9 918.7 903.4 892.8 909.0 952.0 936.9 943.5 962.3 27

 Retiree Health Care Funds (2):

28 Liab.: Federal government 22.8 40.1 57.8 78.6 83.5 108.4 118.7 123.6 134.0 145.0 161.0 28

29 Asset: Household sector 22.8 40.1 57.8 78.6 83.5 108.4 118.7 123.6 134.0 145.0 161.0 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
Z.1, December 11, 2008 101

L.231 Unidentified Miscellaneous Financial Claims

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

2003 2004 2005 2006 2007 2008

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 4200.0 4620.5 5046.5 5160.2 4801.2 4605.2 4601.0 4929.3 5504.9 5314.2 6541.9 1

 2 Nonfinancial corporate business 2167.3 2305.6 2528.2 2554.5 2433.1 2284.8 2325.7 2122.3 2049.4 1909.3 1933.4 2

 3 Nonfarm noncorporate business 646.5 715.2 857.9 1002.5 1018.1 1035.7 1066.4 1094.9 1111.7 1118.4 1120.3 3

 4 Federal government 5.8 5.6 5.4 5.1 5.2 5.0 5.0 4.9 4.9 4.7 4.7 4

 5 Rest of the world 435.7 808.0 1183.4 1365.6 1239.9 960.3 789.7 1152.5 1574.3 1452.7 2493.0 5

 6 Monetary authority -0.6 0.6 1.8 3.2 3.5 3.2 3.4 2.5 1.5 1.5 -5.1 6

 7 Commercial banking 644.0 552.6 473.6 462.3 380.4 505.4 615.1 681.5 780.6 822.7 768.1 7

 8 U.S.-chartered commercial banks 262.4 319.7 270.6 326.4 305.6 381.7 390.8 418.8 418.4 389.4 301.9 8

 9 Foreign banking offices in U.S. 108.5 -81.2 -55.1 -190.5 -238.8 -201.2 -111.3 -93.6 4.0 50.1 85.4 9

10 Bank holding companies 241.4 271.6 216.0 288.6 276.8 288.4 301.0 322.4 323.4 348.0 349.3 10

11 Banks in U.S.-affiliated areas 31.7 42.5 42.2 37.7 36.8 36.5 34.6 33.9 34.8 35.2 31.4 11

12 Savings institutions 109.2 126.5 165.9 192.1 206.5 213.5 201.0 193.9 181.8 169.1 118.6 12

13 Credit unions 7.4 9.3 11.9 9.2 10.5 8.3 3.5 3.6 7.6 3.2 1.9 13

14 Life insurance companies 167.5 177.9 186.5 218.3 223.8 213.0 229.4 232.7 242.0 230.3 236.6 14

15 Government-sponsored enterprises 83.1 78.5 78.7 88.3 83.2 93.3 91.2 89.6 97.1 96.3 115.1 15

16 Finance companies 395.4 390.5 301.7 272.2 235.6 226.2 225.1 217.0 210.0 201.4 182.7 16

17 REITs 42.2 50.0 53.8 62.5 57.9 56.7 60.9 65.7 64.7 63.2 65.7 17

18 Brokers and dealers -340.3 -309.6 -417.1 -417.1 -352.0 -246.4 -409.1 -475.1 -493.3 -586.4 -652.6 18

19 Funding corporations -163.1 -290.3 -385.2 -658.6 -744.6 -753.6 -606.2 -456.6 -327.4 -172.3 159.5 19

20 Total assets 7820.1 8353.0 8670.7 9852.4 10208.0 10459.4 10832.5 11140.7 11823.3 11740.6 11955.2 20

21 Nonfinancial corporate business 5023.8 5258.1 5562.5 6210.8 6337.7 6421.9 6637.9 6742.7 6734.8 6594.3 6584.7 21

22 Nonfarm noncorporate business 731.6 891.3 1089.1 1361.8 1413.6 1467.7 1539.4 1599.3 1639.7 1663.4 1674.7 22

23 State and local governments 83.5 80.0 48.6 6.8 13.0 22.9 27.5 18.1 23.5 18.5 5.7 23

24 Federal government 58.9 57.5 57.1 56.0 55.7 56.0 55.3 55.4 54.7 55.4 73.2 24

25 Rest of the world 536.4 755.8 785.4 1150.5 1266.9 1213.6 1199.2 1466.4 1880.7 1911.2 2138.4 25

26 Monetary authority 18.2 18.6 18.1 17.0 16.8 17.4 16.7 16.5 16.3 15.2 15.0 26

27 Commercial banking 488.9 336.8 300.3 193.4 183.5 224.1 330.1 307.7 577.3 638.4 671.4 27

28 U.S.-chartered commercial banks 173.2 112.2 96.6 103.9 121.8 115.4 141.2 169.2 325.6 278.8 293.1 28

29 Foreign banking offices in U.S. 149.5 25.0 -12.3 -162.6 -205.4 -170.6 -102.8 -149.0 -54.2 -14.9 53.7 29

30 Bank holding companies 161.9 194.4 210.6 246.2 260.7 270.7 283.1 277.9 296.0 364.1 315.4 30

31 Banks in U.S.-affiliated areas 4.3 5.2 5.3 5.9 6.4 8.7 8.6 9.5 9.8 10.4 9.3 31

32 Savings institutions 61.5 131.2 70.6 89.4 93.5 98.3 99.0 87.6 80.3 77.2 60.0 32

33 Credit unions 24.9 22.8 22.4 23.0 21.1 26.2 27.4 33.4 36.0 37.8 40.6 33

34 Life insurance companies 24.8 65.9 85.9 79.7 55.3 45.4 39.6 39.6 45.4 33.2 45.2 34

35 Private pension funds 108.0 104.5 98.2 107.4 114.0 117.6 125.3 137.3 141.1 144.9 144.4 35

36 State and local govt. retirement funds 11.3 15.9 15.4 15.1 15.7 15.8 15.8 15.0 15.1 15.1 16.2 36

37 Mutual funds 2.0 7.0 10.7 14.0 16.4 16.8 17.8 16.8 20.1 17.3 17.3 37

38 Money market mutual funds 56.2 53.3 43.3 59.2 82.6 96.5 124.3 128.1 122.2 114.2 122.5 38

39 Government-sponsored enterprises 109.4 113.9 117.8 114.6 123.5 140.3 135.4 141.7 142.6 145.6 100.0 39

40 Finance companies 286.1 195.1 58.2 -21.6 -16.5 -37.0 -35.0 -76.2 -66.8 -68.4 -80.1 40

41 REITs 29.2 40.4 51.0 59.7 54.8 57.5 56.9 55.8 57.3 59.8 61.3 41

42 Brokers and dealers 165.4 204.9 236.2 315.8 360.6 458.6 419.9 355.6 303.2 267.8 264.5 42

43 Discrepancy -3620.1 -3732.5 -3624.2 -4692.2 -5406.8 -5854.2 -6231.4 -6211.4 -6318.4 -6426.4 -5413.3 43