60 Z.1, September 17, 2009

L.1 Credit Market Debt Outstanding (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total credit market debt owed by: 34597.5 37789.5 41257.4 45310.6 50019.4 50786.0 51256.1 52071.2 52537.7 52915.1 52792.9 1

 2 Domestic nonfinancial sectors 22418.9 24430.7 26759.5 29156.0 31701.6 32175.7 32361.7 33029.8 33589.8 34004.5 34320.3 2

 3 Household sector 9482.6 10552.4 11723.1 12899.2 13754.2 13807.5 13828.9 13860.9 13794.8 13709.6 13661.8 3

 4 Nonfinancial corporate business 4968.4 5171.2 5501.4 5963.9 6813.2 6925.1 7066.8 7130.8 7176.9 7229.3 7268.8 4

 5 Nonfarm noncorporate business 2210.2 2456.3 2788.4 3197.5 3601.1 3680.7 3728.3 3769.7 3778.2 3733.9 3665.5 5

 6 Farm business 157.1 172.9 190.1 204.3 218.9 225.8 238.5 239.7 244.8 240.9 243.4 6

 7 State and local governments 1567.6 1683.0 1854.7 2005.9 2191.8 2214.1 2225.2 2228.0 2233.5 2263.8 2315.5 7

 8 Federal government 4033.1 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 8

 9 Rest of the world 1253.3 1438.8 1513.9 1882.6 2126.3 2201.9 2227.7 2097.7 1864.4 1896.4 1951.1 9

10 Financial sectors 10925.3 11920.0 12984.0 14272.0 16191.5 16408.4 16666.6 16943.8 17083.5 17014.2 16521.4 10

11 Commercial banking 660.4 738.7 823.9 998.0 1261.2 1312.9 1394.2 1460.5 1422.0 1724.9 1720.8 11

12 U.S.-chartered commercial banks 338.0 356.7 393.6 497.8 629.6 647.2 655.9 785.9 708.6 626.1 617.8 12

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

14 Bank holding companies 321.8 381.3 429.5 499.7 631.1 665.4 737.9 674.6 713.3 1098.8 1103.0 14

15 Savings institutions 313.4 404.8 427.3 319.1 423.3 436.9 431.5 378.1 357.4 326.2 254.1 15

16 Credit unions 9.1 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 16

17 Life insurance companies 8.0 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 17

18 Government-sponsored enterprises 2601.3 2676.3 2592.2 2627.8 2910.2 2940.2 3104.0 3154.8 3184.5 3118.4 2950.1 18

19 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 19

20 ABS issuers 2215.4 2656.1 3386.3 4184.6 4520.3 4454.5 4345.4 4241.4 4095.1 3939.9 3819.7 20

21 Finance companies 995.3 1129.6 1108.6 1144.2 1279.6 1301.4 1299.3 1264.7 1200.3 1148.0 1103.2 21

22 REITs 230.7 340.1 395.5 411.0 421.2 403.8 397.5 389.9 372.6 364.0 352.5 22

23 Brokers and dealers 47.0 62.2 62.4 68.8 64.8 120.1 85.9 276.7 142.6 102.6 102.4 23

24 Funding corporations 518.1 515.1 619.9 648.2 786.4 777.6 780.5 799.3 1252.9 1165.6 966.2 24

25 Total credit market assets held by: 34597.5 37789.5 41257.4 45310.6 50019.4 50786.0 51256.1 52071.2 52537.7 52915.1 52792.9 25

26 Domestic nonfinancial sectors 4494.6 4932.5 5490.4 5729.9 6273.0 6125.1 6174.4 6251.3 6091.6 6646.2 6502.9 26

27 Household sector 2755.2 3075.8 3426.8 3553.5 4113.4 4077.9 4138.8 4218.5 4054.5 4536.2 4326.6 27

28 Nonfinancial corporate business 266.3 297.4 339.6 327.9 246.9 153.7 147.0 126.8 129.2 135.4 143.5 28

29 Nonfarm noncorporate business 73.9 85.4 96.8 96.7 112.9 115.7 117.3 119.0 119.2 117.5 115.6 29

30 State and local governments 1125.6 1198.1 1352.0 1470.6 1512.0 1484.7 1473.2 1479.9 1413.5 1404.7 1390.0 30

31 Federal government 273.6 275.9 275.0 281.2 287.8 293.1 298.0 307.1 375.2 452.4 527.3 31

32 Rest of the world 3836.1 4634.7 5188.3 6198.2 7274.7 7402.9 7581.7 7606.1 7611.3 7668.9 7715.7 32

33 Financial sectors 26266.7 28222.3 30578.7 33382.6 36471.7 37258.0 37500.1 38213.8 38834.8 38600.0 38574.2 33

34 Monetary authority 666.7 717.8 744.2 778.9 740.6 631.0 509.1 780.9 986.0 1168.1 1469.5 34

35 Commercial banking 6010.9 6621.2 7278.4 8040.5 8785.2 8915.4 8980.8 9401.0 9434.6 9306.1 9285.5 35

36 U.S.-chartered commercial banks 5407.3 5980.7 6487.4 7144.1 7666.8 7750.6 7816.0 8245.6 8197.9 8143.4 8223.3 36

37 Foreign banking offices in U.S. 490.3 513.3 657.8 761.6 963.3 1008.9 983.1 983.2 1069.5 998.5 894.0 37

38 Bank holding companies 36.4 36.4 32.2 35.6 58.7 59.7 84.1 75.0 72.6 71.5 75.5 38

39 Banks in U.S.-affiliated areas 76.9 90.8 101.0 99.3 96.4 96.3 97.6 97.2 94.6 92.6 92.7 39

40 Savings institutions 1294.2 1417.7 1617.1 1519.2 1584.9 1599.2 1607.0 1325.9 1310.3 1311.5 1205.1 40

41 Credit unions 516.6 556.4 592.6 622.7 657.9 665.0 684.7 697.0 697.9 698.6 717.9 41

42 Property-casualty insurance companies 625.2 698.8 765.8 813.5 839.8 836.6 835.0 826.4 823.5 823.8 841.5 42

43 Life insurance companies 2488.3 2661.4 2765.4 2806.1 2888.6 2916.1 2928.4 2910.6 2919.2 2979.9 3008.7 43

44 Private pension funds 653.5 654.6 699.9 758.3 860.7 875.6 896.2 914.4 951.4 973.0 980.7 44

45 State and local govt. retirement funds 657.5 675.3 693.4 825.4 855.6 857.4 856.0 854.2 851.1 844.4 840.3 45

46 Federal government retirement funds 63.6 68.2 76.0 84.3 96.1 106.1 108.1 115.1 120.3 124.5 124.7 46

47 Money market mutual funds 1471.3 1346.3 1340.8 1560.8 1936.4 2237.5 2232.8 2232.0 2675.0 2575.2 2418.1 47

48 Mutual funds 1506.4 1623.0 1747.1 1932.0 2203.1 2256.7 2356.6 2340.9 2276.4 2319.9 2434.1 48

49 Closed-end funds 152.6 163.6 165.8 171.8 170.6 165.8 160.0 149.4 131.2 131.5 135.4 49

50 Exchange-traded funds 4.5 8.2 15.0 20.7 33.5 37.8 43.0 49.7 54.7 66.0 76.5 50

51 Government-sponsored enterprises 2564.2 2613.0 2543.9 2590.5 2829.5 2893.4 2987.8 3021.2 2997.5 2943.9 2832.5 51

52 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 52

53 ABS issuers 2117.5 2548.6 3282.3 4072.7 4405.5 4333.1 4237.2 4144.0 3996.9 3851.2 3739.5 53

54 Finance companies 1468.7 1675.9 1740.6 1811.6 1828.2 1846.9 1835.1 1816.9 1755.9 1703.4 1651.0 54

55 REITs 96.4 198.7 239.7 265.8 244.7 224.0 223.3 209.8 180.8 180.5 188.3 55

56 Brokers and dealers 424.1 394.9 477.2 583.4 803.1 864.3 691.8 820.8 717.4 594.8 602.2 56

57 Funding corporations 157.8 203.7 251.5 286.9 244.1 394.5 567.5 711.7 993.8 962.1 849.4 57

(1) Excludes corporate equities and mutual fund shares.
Z.1, September 17, 2009 61

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Domestic 22418.9 24430.7 26759.5 29156.0 31701.6 32175.7 32361.7 33029.8 33589.8 34004.5 34320.3 1

 2 By instrument 22418.9 24430.7 26759.5 29156.0 31701.6 32175.7 32361.7 33029.8 33589.8 34004.5 34320.3 2

 3 Commercial paper 82.5 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 3

 4 Treasury securities 4008.2 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 4

 5 Agency- and GSE-backed securities 24.9 24.3 23.8 23.5 23.1 23.5 23.5 23.1 23.3 22.5 22.3 5

 6 Municipal securities 1900.5 2031.0 2225.9 2403.3 2618.9 2644.1 2665.7 2672.0 2683.0 2716.9 2778.5 6

 7 Corporate bonds 2900.1 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 7

 8 Bank loans n.e.c. 1085.3 1090.5 1225.0 1400.3 1648.9 1712.4 1737.0 1823.3 1841.3 1761.7 1691.0 8

 9 Other loans and advances 1061.6 1121.6 1238.7 1379.0 1701.4 1727.4 1760.8 1767.2 1766.1 1730.2 1734.8 9

10 Mortgages 9253.4 10499.9 11926.0 13312.8 14375.3 14495.6 14535.8 14516.1 14450.8 14436.5 14381.7 10

11 Home 7217.3 8252.2 9363.4 10423.3 11112.5 11173.8 11156.2 11101.0 11003.9 10993.8 10951.1 11

12 Multifamily residential 543.0 592.6 663.4 718.5 819.9 836.6 853.0 872.3 880.1 882.3 887.1 12

13 Commercial 1409.9 1559.4 1794.4 2063.0 2330.2 2368.0 2405.0 2416.8 2436.2 2429.8 2412.7 13

14 Farm 83.2 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 130.7 130.7 14

15 Consumer credit 2102.5 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2517.0 2475.5 15

16 By sector 22418.9 24430.7 26759.5 29156.0 31701.6 32175.7 32361.7 33029.8 33589.8 34004.5 34320.3 16

17 Household sector 9482.6 10552.4 11723.1 12899.2 13754.2 13807.5 13828.9 13860.9 13794.8 13709.6 13661.8 17

18 Nonfinancial business 7335.6 7800.4 8479.9 9365.7 10633.2 10831.5 11033.5 11140.2 11200.0 11204.1 11177.7 18

19 Corporate 4968.4 5171.2 5501.4 5963.9 6813.2 6925.1 7066.8 7130.8 7176.9 7229.3 7268.8 19

20 Nonfarm noncorporate 2210.2 2456.3 2788.4 3197.5 3601.1 3680.7 3728.3 3769.7 3778.2 3733.9 3665.5 20

21 Farm 157.1 172.9 190.1 204.3 218.9 225.8 238.5 239.7 244.8 240.9 243.4 21

22 State and local governments 1567.6 1683.0 1854.7 2005.9 2191.8 2214.1 2225.2 2228.0 2233.5 2263.8 2315.5 22

23 Federal government 4033.1 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 23

 Foreign credit market debt

24 held in U.S. 1253.3 1438.8 1513.9 1882.6 2126.3 2201.9 2227.7 2097.7 1864.4 1896.4 1951.1 24

25 Commercial paper 276.1 345.3 384.0 482.3 413.0 460.3 470.6 401.1 342.0 344.8 345.7 25

26 Bonds 868.9 985.0 1011.6 1275.5 1587.1 1607.1 1625.4 1559.9 1392.9 1427.3 1482.5 26

27 Bank loans n.e.c. 66.1 69.9 84.4 98.3 102.8 111.7 109.4 114.8 107.9 103.1 101.6 27

28 Other loans and advances 42.2 38.6 34.0 26.6 23.4 22.9 22.4 21.9 21.6 21.2 21.4 28

29 Domestic and foreign 23672.2 25869.5 28273.4 31038.6 33827.9 34377.7 34589.5 35127.4 35454.2 35900.9 36271.4 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 10925.3 11920.0 12984.0 14272.0 16191.5 16408.4 16666.6 16943.8 17083.5 17014.2 16521.4 1

 2 Open market paper 934.4 956.0 1170.2 1363.2 1251.8 1184.3 1138.0 1007.2 1125.8 972.2 846.9 2

 3 GSE issues 2601.3 2676.3 2592.2 2627.8 2910.2 2940.2 3104.0 3154.8 3184.5 3118.4 2950.1 3

 4 Agency- and GSE-backed mortgage pool sec. 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 4

 5 Corporate bonds 3271.7 3956.2 4645.5 5444.1 6265.0 6304.7 6274.8 6149.9 5974.0 6268.7 6168.5 5

 6 Bank loans n.e.c. 183.7 249.7 268.6 206.2 277.1 319.6 322.5 573.7 773.2 649.6 492.3 6

 7 Other loans and advances 501.7 575.8 620.2 641.4 867.1 896.4 906.7 1003.6 901.8 798.7 723.0 7

 8 Mortgages 105.9 131.4 145.5 152.1 156.7 161.8 161.2 162.7 163.5 164.9 167.3 8

 9 By sector 10925.3 11920.0 12984.0 14272.0 16191.5 16408.4 16666.6 16943.8 17083.5 17014.2 16521.4 9

10 Commercial banks 338.6 357.4 394.3 498.3 630.1 647.5 656.2 785.9 708.6 626.1 617.8 10

11 Bank holding companies 321.8 381.3 429.5 499.7 631.1 665.4 737.9 674.6 713.3 1098.8 1103.0 11

12 Savings institutions 313.4 404.8 427.3 319.1 423.3 436.9 431.5 378.1 357.4 326.2 254.1 12

13 Credit unions 9.1 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 13

14 Life insurance companies 8.0 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 14

15 Government-sponsored enterprises 2601.3 2676.3 2592.2 2627.8 2910.2 2940.2 3104.0 3154.8 3184.5 3118.4 2950.1 15

16 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 16

17 ABS issuers 2215.4 2656.1 3386.3 4184.6 4520.3 4454.5 4345.4 4241.4 4095.1 3939.9 3819.7 17

18 Finance companies 995.3 1129.6 1108.6 1144.2 1279.6 1301.4 1299.3 1264.7 1200.3 1148.0 1103.2 18

19 REITs 230.7 340.1 395.5 411.0 421.2 403.8 397.5 389.9 372.6 364.0 352.5 19

20 Brokers and dealers 47.0 62.2 62.4 68.8 64.8 120.1 85.9 276.7 142.6 102.6 102.4 20

21 Funding corporations 518.1 515.1 619.9 648.2 786.4 777.6 780.5 799.3 1252.9 1165.6 966.2 21
62 Z.1, September 17, 2009

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total 34597.5 37789.5 41257.4 45310.6 50019.4 50786.0 51256.1 52071.2 52537.7 52915.1 52792.9 1

 2 Open market paper 1292.9 1399.1 1644.2 1958.0 1788.6 1784.6 1748.4 1554.8 1599.3 1423.9 1278.8 2

 3 Treasury securities 4008.2 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 3

 4 Agency- and GSE-backed securities 5952.9 6075.2 6158.0 6488.6 7396.9 7565.0 7887.0 8069.9 8168.6 8182.8 8145.6 4

 5 Municipal securities 1900.5 2031.0 2225.9 2403.3 2618.9 2644.1 2665.7 2672.0 2683.0 2716.9 2778.5 5

 6 Corporate and foreign bonds 7040.7 7916.7 8689.2 9967.4 11411.0 11515.9 11593.1 11425.8 11130.4 11604.2 11658.3 6

 7 Bank loans n.e.c. 1335.1 1410.1 1577.9 1704.8 2028.8 2143.7 2168.9 2511.8 2722.5 2514.4 2284.9 7

 8 Other loans and advances 1605.5 1736.0 1892.9 2046.9 2592.0 2646.7 2689.8 2792.7 2689.4 2550.1 2479.2 8

 9 Mortgages 9359.3 10631.2 12071.5 13464.9 14532.1 14657.4 14697.0 14678.8 14614.3 14601.4 14548.9 9

10 Consumer credit 2102.5 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2517.0 2475.5 10

 Memo:

 Selected claims not included above:

11 Corporate equities 16450.7 18947.1 20642.7 24333.7 25565.4 23290.1 22776.5 20142.1 15779.5 13926.2 16932.2 11

12 Mutual fund shares 4654.2 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5888.1 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) 34597.5 37789.5 41257.4 45310.6 50019.4 50786.0 51256.1 52071.2 52537.7 52915.1 52792.9 1

 2 Official foreign exchange 62.3 62.2 45.9 46.0 50.0 54.8 54.9 51.4 57.3 54.8 61.2 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 26.0 26.7 27.5 28.1 27.4 27.2 27.0 26.7 26.6 26.6 26.5 4

 5 Foreign deposits 867.1 957.0 997.8 1085.0 1349.1 1240.3 1137.0 1063.4 996.2 927.8 842.7 5

 6 Net interbank liabilities 193.0 212.2 201.3 190.0 89.2 34.2 109.3 488.9 1512.0 1296.8 870.0 6

 7 Checkable deposits and currency 1437.4 1522.8 1527.2 1507.3 1531.3 1520.1 1532.2 1940.1 2100.1 1965.6 2077.7 7

 8 Small time and savings deposits 4003.3 4284.9 4599.3 4946.3 5226.4 5385.5 5418.2 5536.5 5751.1 5920.3 5944.4 8

 9 Large time deposits 1226.8 1505.1 1789.5 2050.8 2382.9 2461.9 2419.4 2388.3 2192.2 2155.0 2151.5 9

10 Money market fund shares 2016.4 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 10

11 Security RPs 1331.8 1417.6 1725.2 2128.2 2138.0 2140.6 1866.7 1634.3 1255.1 1055.4 1244.9 11

12 Mutual fund shares 4654.2 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5888.1 12

13 Security credit 858.8 1038.2 1038.4 1249.9 1526.4 1647.1 1564.9 1685.2 1128.5 1018.2 991.0 13

14 Life insurance reserves 1013.2 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1197.6 14

15 Pension fund reserves 9718.9 10635.5 11373.7 12696.2 13375.9 12566.7 12476.1 11832.5 10442.6 9913.8 10656.3 15

16 Trade payables 2465.6 2660.0 2999.7 3191.5 3428.9 3433.3 3426.8 3391.2 3290.1 3251.3 3230.3 16

17 Taxes payable 198.8 219.2 221.5 246.7 235.6 235.5 206.2 187.6 108.4 123.2 126.0 17

18 Miscellaneous 12166.4 13453.9 14587.0 15764.6 16939.8 18040.8 18265.0 19799.4 19158.8 19490.7 18528.0 18

19 Total liabilities 76839.6 84163.3 91531.9 100987.5 110385.9 111482.3 111688.8 113266.2 110931.1 110144.4 110215.5 19

 + Financial assets not included in

 liabilities:

20 Gold and SDRs 23.7 24.6 19.3 19.9 20.5 20.9 20.9 20.5 20.4 20.1 20.5 20

21 Corporate equities 16450.7 18947.1 20642.7 24333.7 25565.4 23290.1 22776.5 20142.1 15779.5 13926.2 16932.2 21

22 Household equity in noncorp. bus. 5838.7 6680.9 8208.9 8655.0 8767.3 8548.5 8335.1 8170.3 7618.4 7266.7 6995.7 22

 - Liabilities not identified as assets:

23 Treasury currency -9.5 -9.7 -9.1 -10.1 -11.3 -11.5 -11.6 -11.9 -12.1 -15.7 -15.9 23

24 Foreign deposits 705.3 767.2 782.5 886.3 1089.9 968.3 906.8 825.0 776.3 770.1 660.3 24

25 Net interbank transactions 12.7 27.3 25.2 23.2 21.7 15.3 9.0 -50.8 -272.1 -241.7 -169.2 25

26 Security RPs 165.6 24.6 114.3 107.6 -226.8 -234.2 -360.8 -495.1 -510.5 -660.1 -350.1 26

27 Taxes payable 31.5 28.4 -11.1 -38.4 -106.9 -121.0 -165.6 -196.8 -280.4 -273.7 -276.8 27

28 Miscellaneous -3919.0 -4309.4 -4444.7 -5695.7 -6951.4 -6762.2 -6783.4 -5864.7 -6106.2 -6385.3 -6985.4 28

 - Floats not included in assets:

29 Checkable deposits: Federal govt. -17.9 11.2 1.8 0.1 2.8 5.9 1.7 2.1 1.2 -0.2 1.4 29

30 Other 20.8 20.0 19.2 11.4 10.3 11.2 9.9 8.0 12.6 11.0 10.8 30

31 Trade credit 26.1 36.9 5.5 142.0 95.9 29.6 -13.4 -18.4 45.4 56.7 13.9 31

32 Totals identified to sectors as assets 102137.0 113219.5 123919.0 138569.8 150815.0 149440.4 149228.8 147401.9 140695.3 138096.4 141274.8 32
Z.1, September 17, 2009 63

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 31280.5 34736.9 37680.5 42510.4 45597.2 44206.0 43871.0 41972.0 38201.5 37127.3 39114.2 1

 2 Foreign deposits 52.1 57.5 59.9 65.2 81.0 74.5 68.3 63.9 59.8 55.7 50.6 2

 3 Checkable deposits and currency 593.2 651.8 602.8 643.1 619.0 559.3 574.2 544.2 717.4 715.5 766.6 3

 4 Time and savings deposits 4252.9 4728.6 5239.1 5746.0 6248.6 6424.0 6333.8 6475.5 6433.8 6466.5 6384.0 4

 5 Money market fund shares 1023.8 973.2 1023.2 1195.0 1444.3 1557.8 1494.9 1548.7 1684.5 1664.0 1595.5 5

 6 Securities 12335.3 13899.2 15174.6 17360.4 18346.9 17359.9 17187.9 15704.8 13310.5 12873.6 14265.7 6

 7 Open market paper 105.9 136.1 164.2 187.7 149.7 117.5 82.7 39.1 10.4 7.3 8.9 7

 8 U.S. savings bonds 203.8 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 8

 9 Other Treasury securities 279.7 378.0 358.6 287.0 121.6 194.1 241.5 261.9 115.4 450.9 479.7 9

10 Agency- and GSE-backed securities 421.2 390.0 488.3 412.6 689.8 657.0 675.5 820.1 711.3 439.6 129.5 10

11 Municipal securities 706.4 746.7 825.4 877.6 902.7 890.2 901.5 917.2 945.1 961.5 1003.6 11

12 Corporate and foreign bonds 964.2 1135.6 1294.1 1517.7 2001.7 1971.0 1979.9 1919.2 2010.9 2415.4 2443.6 12

13 Corporate equities (2) 6749.9 7491.0 7999.5 9488.0 9453.0 8759.6 8449.1 7442.0 5878.7 5150.3 6266.3 13

14 Mutual fund shares 2904.3 3417.4 3839.3 4387.6 4832.0 4575.2 4662.8 4111.1 3444.7 3254.7 3740.5 14

15 Private life insurance reserves 972.7 1018.8 1039.9 1119.5 1156.1 1141.9 1150.5 1152.0 1133.4 1134.7 1150.7 15

16 Private insured pension reserves 1803.2 2027.9 2197.4 2332.4 2437.8 2367.3 2364.0 2308.2 2150.6 2119.0 2162.6 16

17 Private noninsured pension reserves 4561.3 4963.0 5341.4 6047.7 6425.4 5948.6 5887.2 5479.9 4635.6 4319.6 4794.0 17

18 Govt. insurance and pension reserves 3394.9 3686.1 3877.6 4360.3 4558.1 4296.1 4270.7 4090.1 3702.8 3521.6 3746.6 18

19 Miscellaneous and other assets 2291.1 2730.8 3124.5 3640.8 4280.0 4476.7 4539.4 4604.8 4373.1 4256.9 4197.9 19

20 Total liabilities 13191.8 14724.0 16426.3 18266.3 19725.1 19934.3 19951.8 20161.0 19875.7 19695.4 19588.9 20

21 Mortgage debt on nonfarm homes 7198.5 8228.7 9332.3 10384.0 11070.3 11132.3 11117.4 11064.6 10971.2 10963.7 10924.4 21

22 Other mortgage debt (3) 1543.3 1707.5 1830.7 2076.2 2331.5 2375.9 2417.1 2450.2 2468.0 2466.4 2461.0 22

23 Consumer credit 2102.5 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2517.0 2475.5 23

24 Policy loans 105.2 106.8 107.6 110.9 114.5 115.7 116.8 117.9 120.4 120.8 121.3 24

25 Security credit 182.5 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.6 147.6 25

26 Other liabilities (3) 2059.7 2197.4 2603.5 2988.1 3331.3 3415.4 3453.5 3538.1 3559.2 3492.9 3459.2 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.
64 Z.1, September 17, 2009

L.100 Households and Nonprofit Organizations (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 35307.2 39235.5 43268.4 48024.8 50703.1 49004.7 48404.0 46288.2 41957.0 40583.8 42360.8 1

 2 Deposits 5350.4 5742.5 6153.6 6779.0 7381.3 7579.1 7420.3 7566.4 7827.4 7848.9 7760.2 2

 3 Foreign deposits 52.1 57.5 59.9 65.2 81.0 74.5 68.3 63.9 59.8 55.7 50.6 3

 4 Checkable deposits and currency 399.1 370.3 256.8 236.4 156.9 87.8 98.5 64.7 236.7 241.7 300.1 4

 5 Time and savings deposits 3939.0 4410.6 4887.6 5363.0 5796.7 5958.9 5859.8 5991.7 5949.2 5988.8 5913.8 5

 6 Money market fund shares 960.2 904.1 949.2 1114.5 1346.8 1457.9 1393.7 1446.1 1581.7 1562.7 1495.7 6

 7 Credit market instruments 2755.2 3075.8 3426.8 3553.5 4113.4 4077.9 4138.8 4218.5 4054.5 4536.2 4326.6 7

 8 Open market paper 105.9 136.1 164.2 187.7 149.7 117.5 82.7 39.1 10.4 7.3 8.9 8

 9 Treasury securities 438.6 532.2 507.5 433.1 252.3 322.1 368.1 386.8 240.0 576.4 605.9 9

10 Savings bonds 203.8 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 10

11 Other Treasury 234.8 327.8 302.4 230.7 55.9 126.8 173.2 192.6 46.0 382.5 412.4 11

12 Agency- and GSE-backed securities 421.2 390.0 488.3 412.6 689.8 657.0 675.5 820.1 711.3 439.6 129.5 12

13 Municipal securities 703.8 742.4 821.0 871.8 895.9 883.3 894.5 910.1 938.0 954.5 996.8 13

14 Corporate and foreign bonds 964.2 1135.6 1294.1 1517.7 2001.7 1971.0 1979.9 1919.2 2010.9 2415.4 2443.6 14

15 Other loans and advances (2) 3.1 5.9 8.7 8.3 17.4 20.1 22.3 27.5 27.9 28.5 29.2 15

16 Mortgages 118.5 133.6 143.0 122.4 106.5 107.0 115.8 115.7 116.0 114.5 112.7 16

17 Corporate equities (3) 6749.9 7491.0 7999.5 9488.0 9453.0 8759.6 8449.1 7442.0 5878.7 5150.3 6266.3 17

18 Mutual fund shares 2904.3 3417.4 3839.3 4387.6 4832.0 4575.2 4662.8 4111.1 3444.7 3254.7 3740.5 18

19 Security credit 475.4 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 649.2 19

20 Life insurance reserves 1013.2 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1197.6 20

21 Pension fund reserves 9718.9 10635.5 11373.7 12696.2 13375.9 12566.7 12476.1 11832.5 10442.6 9913.8 10656.3 21

22 Equity in noncorporate business 5838.7 6680.9 8208.9 8655.0 8767.3 8548.5 8335.1 8170.3 7618.4 7266.7 6995.7 22

23 Miscellaneous assets 501.3 553.8 608.7 646.1 712.2 725.9 733.5 751.3 768.2 765.1 768.4 23

24 Total liabilities 9842.8 11012.1 12164.2 13414.0 14318.1 14416.4 14368.2 14514.8 14216.9 14102.5 14068.0 24

25 Credit market instruments 9482.6 10552.4 11723.1 12899.2 13754.2 13807.5 13828.9 13860.9 13794.8 13709.6 13661.8 25

26 Home mortgages (4) 6871.9 7819.3 8855.3 9832.8 10485.2 10547.9 10544.3 10503.5 10430.7 10431.0 10401.7 26

27 Consumer credit 2102.5 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2517.0 2475.5 27

28 Municipal securities 178.3 188.6 205.1 226.9 249.5 252.3 261.6 265.2 269.6 273.0 281.9 28

29 Bank loans n.e.c. (5) 49.8 26.7 36.4 86.4 99.7 104.9 89.2 121.4 117.7 104.0 118.5 29

30 Other loans and advances 118.7 119.0 119.0 123.8 127.0 128.0 129.7 130.7 133.2 133.5 134.0 30

31 Commercial mortgages 161.4 179.2 187.4 214.3 240.8 244.9 248.4 252.1 251.5 251.0 250.1 31

32 Security credit 182.5 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.6 147.6 32

33 Trade payables 156.8 173.3 186.3 199.9 214.5 218.4 222.2 226.2 230.2 231.8 233.8 33

 Deferred and unpaid

34 life insurance premiums 20.9 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 34

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

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

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

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

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 15.
Z.1, September 17, 2009 65

L.101 Nonfinancial Business (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 11907.8 13102.7 14518.3 15815.6 17400.8 17526.0 17668.9 17745.7 17730.5 17676.2 17773.9 1

 2 Foreign deposits 38.1 53.7 60.6 49.3 50.8 53.7 20.5 28.6 30.8 22.2 38.7 2

 3 Checkable deposits and currency 385.0 459.9 598.5 540.4 594.2 624.4 581.3 600.9 600.1 595.6 631.5 3

 4 Time and savings deposits 676.6 718.4 801.9 880.0 895.1 864.3 921.8 913.0 890.2 882.7 903.5 4

 5 Money market fund shares 362.6 393.5 440.4 514.0 661.6 719.3 752.8 749.9 788.5 798.8 787.3 5

 6 Security RPs 6.0 6.4 14.6 15.5 8.1 7.2 8.3 5.0 7.5 6.8 8.0 6

 7 Credit market instruments 340.2 382.7 436.5 424.6 359.8 269.4 264.4 245.8 248.5 252.9 259.1 7

 8 Commercial paper 75.7 95.0 111.0 122.7 69.7 23.9 22.5 9.7 10.4 10.9 17.4 8

 9 Treasury securities 77.7 83.3 106.9 100.6 103.1 92.5 94.9 92.9 95.8 104.2 106.5 9

10 Agency- and GSE-backed securities 12.1 12.2 18.8 16.4 13.8 9.3 9.8 8.7 9.7 6.4 10.8 10

11 Municipal securities 38.1 36.2 36.6 33.9 36.5 15.0 12.6 13.4 12.4 21.5 21.1 11

12 Mortgages 78.0 97.4 104.4 94.5 81.4 77.7 73.5 69.4 64.8 59.4 54.0 12

13 Consumer credit 58.6 58.6 58.8 56.7 55.3 51.0 51.1 51.6 55.3 50.5 49.3 13

14 Mutual fund shares 125.9 140.5 156.3 204.0 217.5 200.2 196.7 175.4 143.3 132.9 146.7 14

15 Trade receivables 2040.0 2195.6 2540.0 2561.8 2812.5 2865.7 2909.9 2887.7 2737.4 2697.4 2715.4 15

16 Miscellaneous assets 7933.3 8751.9 9469.7 10625.9 11801.3 11921.8 12013.2 12139.4 12284.3 12286.9 12283.7 16

17 Total liabilities 13216.3 14061.2 15407.4 16634.2 18214.2 18437.3 18617.5 18721.4 18894.6 18889.9 18879.4 17

18 Credit market instruments 7335.6 7800.4 8479.9 9365.7 10633.2 10831.5 11033.5 11140.2 11200.0 11204.1 11177.7 18

19 Commercial paper 82.5 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 19

20 Municipal securities 164.2 169.4 176.7 181.7 189.5 189.6 191.1 191.3 192.6 192.9 194.2 20

21 Corporate bonds 2900.1 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 21

22 Bank loans n.e.c. 1035.5 1063.8 1188.5 1313.9 1549.1 1607.6 1647.8 1701.8 1723.6 1657.7 1572.5 22

23 Other loans and advances 933.2 992.6 1109.1 1244.0 1562.6 1587.4 1618.8 1624.0 1620.2 1583.8 1587.7 23

24 Mortgages 2220.1 2501.3 2883.4 3265.8 3649.3 3702.8 3743.0 3760.5 3768.6 3754.5 3729.9 24

25 Trade payables 1665.1 1786.4 2035.1 2161.7 2308.3 2294.7 2265.3 2227.2 2157.5 2085.8 2037.8 25

26 Taxes payable 150.9 166.0 179.8 188.5 196.9 211.0 206.3 210.5 200.4 212.5 206.1 26

27 Miscellaneous liabilities 4064.8 4308.4 4712.7 4918.3 5075.8 5100.1 5112.4 5143.5 5336.7 5387.4 5457.9 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
66 Z.1, September 17, 2009

L.102 Nonfarm Nonfinancial Corporate Business

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 10108.8 10931.6 11909.0 12684.8 13751.0 13786.7 13876.8 13899.8 13877.1 13877.3 14034.4 1

 2 Foreign deposits 38.1 53.7 60.6 49.3 50.8 53.7 20.5 28.6 30.8 22.2 38.7 2

 3 Checkable deposits and currency 190.9 178.4 252.4 133.8 132.1 153.0 105.6 121.4 119.4 121.7 165.0 3

 4 Time and savings deposits 362.8 400.5 450.4 497.0 443.2 399.2 447.7 429.2 405.6 405.0 433.2 4

 5 Money market fund shares 299.0 324.3 366.5 433.4 564.1 619.4 651.6 647.3 685.7 697.5 687.5 5

 6 Security RPs 6.0 6.4 14.6 15.5 8.1 7.2 8.3 5.0 7.5 6.8 8.0 6

 7 Credit market instruments 266.3 297.4 339.6 327.9 246.9 153.7 147.0 126.8 129.2 135.4 143.5 7

 8 Commercial paper 75.7 95.0 111.0 122.7 69.7 23.9 22.5 9.7 10.4 10.9 17.4 8

 9 Treasury securities 32.8 33.1 50.7 44.3 37.3 25.1 26.6 23.6 26.4 35.8 39.2 9

10 Agency- and GSE-backed securities 12.1 12.2 18.8 16.4 13.8 9.3 9.8 8.7 9.7 6.4 10.8 10

11 Municipal securities 35.4 31.8 32.1 28.1 29.8 8.2 5.6 6.3 5.3 14.5 14.2 11

12 Mortgages 51.8 66.6 68.3 59.8 40.9 36.2 31.5 26.8 22.1 17.4 12.6 12

13 Consumer credit 58.6 58.6 58.8 56.7 55.3 51.0 51.1 51.6 55.3 50.5 49.3 13

14 Mutual fund shares 125.9 140.5 156.3 204.0 217.5 200.2 196.7 175.4 143.3 132.9 146.7 14

15 Trade receivables 1702.3 1831.3 2109.0 2090.9 2263.0 2302.5 2338.7 2308.3 2156.9 2125.4 2152.6 15

16 Miscellaneous assets 7117.4 7699.1 8159.7 8933.0 9825.4 9897.7 9960.7 10057.8 10198.6 10230.4 10259.2 16

17 U.S. direct investment abroad (1) 1745.1 2094.7 2205.7 2440.7 2800.0 2881.9 2970.3 3020.5 3005.1 3052.2 3098.1 17

18 Insurance receivables 236.6 255.5 276.2 282.7 290.1 293.0 297.4 303.4 300.0 299.2 298.7 18

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

20 Investment in finance company subs. 21.0 23.6 117.0 140.1 81.5 83.3 81.1 82.4 79.4 76.9 72.3 20

21 Other 5114.8 5325.3 5560.8 6069.4 6653.7 6639.4 6611.8 6651.6 6814.1 6802.1 6790.1 21

22 Total liabilities 9867.4 10349.3 11145.3 11781.9 12807.2 12919.4 13033.8 13075.1 13235.7 13297.0 13358.5 22

23 Credit market instruments 4968.4 5171.2 5501.4 5963.9 6813.2 6925.1 7066.8 7130.8 7176.9 7229.3 7268.8 23

24 Commercial paper 82.5 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 24

25 Municipal securities (2) 164.2 169.4 176.7 181.7 189.5 189.6 191.1 191.3 192.6 192.9 194.2 25

26 Corporate bonds (1) 2900.1 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 26

27 Bank loans n.e.c. 548.3 547.2 515.2 532.2 630.5 654.4 669.5 691.8 700.8 674.6 637.7 27

28 Other loans and advances (3) 761.8 817.8 924.1 1037.1 1336.9 1349.6 1372.1 1383.8 1376.8 1340.3 1347.2 28

29 Mortgages 511.5 563.6 763.1 852.6 973.5 987.3 1001.3 1001.3 1011.6 1006.3 996.3 29

30 Trade payables 1402.7 1499.9 1699.4 1813.0 1918.3 1897.3 1869.6 1821.4 1749.7 1680.5 1641.7 30

31 Taxes payable 81.2 88.0 93.1 92.8 93.8 106.7 101.2 104.6 94.4 107.3 101.7 31

32 Miscellaneous liabilities 3415.1 3590.2 3851.4 3912.2 3981.9 3990.4 3996.4 4018.3 4214.7 4279.9 4346.2 32

33 Foreign direct investment in U.S. 1302.0 1409.8 1549.4 1722.7 2041.4 2071.8 2148.0 2187.4 2264.0 2290.6 2304.8 33

34 Pension fund contributions payable 49.8 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 34

35 Other 2063.3 2133.7 2257.2 2146.7 1893.2 1870.9 1800.2 1783.0 1902.8 1940.5 1991.5 35

 Memo:

36 Trade receivables net of payables 299.6 331.3 409.6 277.9 344.7 405.2 469.1 486.9 407.2 444.9 510.8 36

37 Market value of equities 10845.2 12086.2 12684.0 14590.0 15538.1 14232.4 14234.1 12636.9 9974.8 8934.1 10315.4 37

38 Securities and mortgages 3575.8 3708.5 3972.0 4282.1 4721.9 4781.1 4885.3 4908.6 4967.8 5107.5 5197.8 38

39 Loans and short-term paper 1392.6 1462.7 1529.4 1681.8 2091.3 2143.9 2181.4 2222.2 2209.2 2121.8 2071.0 39

40 Total short-term liabilities (4) 2876.5 3050.7 3321.9 3587.6 4103.4 4147.9 4152.2 4148.2 4053.3 3909.6 3814.5 40

41 Total liquid assets (5) 1178.8 1276.0 1513.2 1544.5 1566.4 1499.3 1494.9 1455.2 1444.2 1453.6 1560.7 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.0 71.7 72.2 71.8 69.3 69.0 69.1 68.8 69.2 70.7 71.5 42

43 Short-term debt/credit market debt 28.0 28.3 27.8 28.2 30.7 31.0 30.9 31.2 30.8 29.3 28.5 43

44 Liquid assets/short-term liabilities 41.0 41.8 45.6 43.1 38.2 36.1 36.0 35.1 35.6 37.2 40.9 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 6, lines 8 through 11, and line 14.
Z.1, September 17, 2009 67

L.103 Nonfarm Noncorporate Business

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1736.6 2105.6 2541.8 3057.2 3571.0 3659.8 3711.9 3765.0 3771.9 3717.1 3657.4 1

 2 Checkable deposits and currency 172.9 259.2 323.1 381.6 435.3 444.4 448.4 452.0 452.9 446.1 438.6 2

 3 Time and savings deposits 313.8 318.0 351.6 383.0 451.9 465.1 474.1 483.7 484.6 477.7 470.3 3

 4 Money market fund shares 63.6 69.2 73.9 80.5 97.5 99.8 101.2 102.6 102.8 101.3 99.8 4

 5 Treasury securities 44.9 50.2 56.2 56.3 65.7 67.4 68.3 69.3 69.4 68.4 67.3 5

 6 Municipal securities 2.7 4.3 4.4 5.8 6.7 6.9 7.0 7.1 7.1 7.0 6.9 6

 7 Mortgages 26.3 30.8 36.2 34.6 40.4 41.4 42.0 42.6 42.7 42.1 41.4 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 337.7 364.3 430.9 470.9 549.5 563.2 571.2 579.4 580.4 572.0 562.8 9

10 Miscellaneous assets 774.7 1009.5 1265.5 1644.4 1923.9 1971.7 1999.7 2028.2 2031.9 2002.5 1970.4 10

11 Insurance receivables 56.9 60.5 65.3 66.9 68.6 69.3 70.0 71.4 70.7 70.5 70.4 11

12 Equity investment in GSEs (1) 2.1 2.0 1.8 1.9 2.2 2.2 2.3 2.4 2.5 2.5 2.6 12

13 Other 715.7 947.1 1198.4 1575.6 1853.1 1900.1 1927.4 1954.4 1958.7 1929.4 1897.4 13

14 Total liabilities 3184.8 3529.9 4065.7 4648.7 5192.9 5297.4 5356.7 5412.8 5418.8 5354.3 5283.9 14

15 Credit market instruments 2210.2 2456.3 2788.4 3197.5 3601.1 3680.7 3728.3 3769.7 3778.2 3733.9 3665.5 15

16 Bank loans n.e.c. 441.7 468.9 623.4 728.5 863.1 900.5 921.2 951.8 964.1 928.1 877.6 16

17 Other loans and advances 143.1 145.3 149.5 163.9 174.9 181.9 186.9 184.9 187.8 188.2 185.0 17

18 Mortgages 1625.3 1842.1 2015.5 2305.1 2563.1 2598.3 2620.1 2633.1 2626.3 2617.5 2602.9 18

19 Trade payables 255.3 277.4 329.4 349.4 394.7 402.6 407.3 412.0 412.6 407.7 402.4 19

20 Taxes payable 69.7 78.0 86.7 95.7 103.1 104.4 105.1 105.9 106.0 105.2 104.3 20

21 Miscellaneous liabilities 649.7 718.2 861.2 1006.1 1094.0 1109.7 1116.1 1125.2 1122.0 1107.5 1111.7 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 78.8 79.5 80.2 80.9 81.6 81.8 82.1 1

 2 Checkable deposits and currency 21.2 22.3 22.9 25.0 26.8 27.0 27.3 27.5 27.7 27.8 27.9 2

 3 Miscellaneous assets 41.2 43.2 44.5 48.6 52.0 52.5 52.9 53.4 53.8 54.0 54.2 3

 4 Insurance receivables 38.7 40.5 41.7 45.6 48.5 48.8 49.2 49.5 50.0 50.1 50.2 4

 5 Equity investment in GSEs (2) 2.5 2.7 2.8 3.0 3.6 3.6 3.7 3.9 3.9 3.9 4.0 5

 6 Total liabilities 164.2 181.9 196.4 203.6 214.1 220.5 227.0 233.5 240.0 238.6 237.1 6

 7 Credit market instruments 157.1 172.9 190.1 204.3 218.9 225.8 238.5 239.7 244.8 240.9 243.4 7

 8 Bank loans n.e.c. 45.5 47.7 49.9 53.2 55.5 52.7 57.0 58.3 58.7 55.0 57.2 8

 9 Other loans and advances 28.4 29.5 35.4 43.0 50.7 55.9 59.9 55.3 55.5 55.3 55.6 9

10 Mortgages (3) 83.2 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 130.7 130.7 10

11 Trade payables 7.1 9.1 6.3 -0.7 -4.8 -5.2 -11.5 -6.2 -4.8 -2.4 -6.4 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
68 Z.1, September 17, 2009

L.105 State and Local Governments (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1908.2 2029.5 2246.9 2460.7 2634.8 2619.9 2611.6 2589.1 2554.5 2553.4 2609.1 1

 2 Checkable deposits and currency 48.4 42.2 52.5 57.7 56.1 51.1 51.2 51.1 65.4 60.6 85.6 2

 3 Time and savings deposits 159.0 170.6 183.3 209.5 245.7 246.8 242.6 246.3 264.8 277.9 267.1 3

 4 Money market fund shares 62.7 66.6 71.7 78.5 83.5 83.2 82.9 83.2 85.6 82.4 84.6 4

 5 Security RPs 123.5 131.2 141.2 154.6 164.3 163.8 158.5 136.5 148.9 138.9 161.8 5

 6 Credit market instruments 1125.6 1198.1 1352.0 1470.6 1512.0 1484.7 1473.2 1479.9 1413.5 1404.7 1390.0 6

 7 Open market paper 161.6 171.7 184.8 202.4 195.2 178.4 174.0 154.7 123.8 117.6 113.4 7

 8 Treasury securities 364.2 389.1 481.4 516.9 531.5 523.6 522.2 535.7 522.7 526.3 528.3 8

 9 Agency- and GSE-backed securities 351.2 373.2 401.6 439.9 454.6 453.0 450.0 461.5 444.1 437.0 422.0 9

10 Municipal securities 4.4 4.7 5.0 5.5 5.8 5.8 5.8 5.8 5.7 5.8 5.9 10

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

12 Mortgages 132.9 141.2 151.9 166.4 176.9 176.3 174.8 175.4 172.6 172.7 173.4 12

13 Corporate equities 84.7 90.0 96.8 106.0 112.7 112.3 109.5 97.4 83.1 78.8 96.8 13

14 Mutual fund shares 25.9 27.5 29.6 32.5 34.5 34.4 36.7 31.8 27.5 31.5 37.4 14

15 Trade receivables 126.5 134.4 144.7 158.5 168.4 167.9 166.2 166.7 164.0 165.1 169.6 15

16 Taxes receivable 73.6 99.6 141.0 189.0 237.5 248.0 259.8 269.0 269.8 274.5 276.8 16

17 Miscellaneous assets 78.3 69.3 34.0 3.7 20.1 27.8 31.1 27.3 31.9 39.2 39.5 17

18 Total liabilities 1987.3 2132.8 2336.7 2522.3 2745.5 2777.6 2798.8 2811.9 2827.1 2867.1 2928.4 18

19 Credit market instruments 1567.6 1683.0 1854.7 2005.9 2191.8 2214.1 2225.2 2228.0 2233.5 2263.8 2315.5 19

20 Municipal securities 1557.9 1673.0 1844.1 1994.7 2179.9 2202.1 2213.0 2215.6 2220.8 2251.0 2302.4 20

21 Short-term 106.1 100.2 105.9 102.8 120.1 120.9 114.5 121.9 132.1 132.6 124.2 21

22 Other 1451.8 1572.8 1738.2 1891.9 2059.8 2081.3 2098.5 2093.7 2088.7 2118.4 2178.2 22

23 U.S. government loans 9.7 10.0 10.6 11.2 11.9 12.0 12.2 12.5 12.7 12.9 13.1 23

24 Trade payables 419.7 449.9 482.0 516.4 553.7 563.5 573.6 583.9 593.7 603.2 612.9 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 631.9 610.1 611.9 619.5 662.6 660.6 678.6 1022.9 1279.9 1284.7 1714.9 1

 2 Gold, SDRs, and official foreign exchange 55.2 54.5 35.3 34.5 36.4 39.3 39.0 37.6 41.9 40.4 46.2 2

 3 Checkable deposits and currency 54.1 21.9 36.8 32.9 56.5 42.9 53.8 372.2 368.0 271.9 318.9 3

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

 5 Credit market instruments 273.6 275.9 275.0 281.2 287.8 293.1 298.0 307.1 375.2 452.4 527.3 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 54.4 106.7 150.4 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 7

 8 Other loans and advances 117.5 114.4 107.4 108.0 105.8 105.4 106.4 106.8 112.7 126.6 150.7 8

 9 Mortgages 73.8 75.4 77.8 81.5 83.6 84.1 87.1 90.1 97.1 98.0 103.4 9

10 Consumer credit (1) 82.4 86.1 89.8 91.7 98.4 103.5 104.6 106.9 111.0 121.1 122.4 10

11 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 188.4 211.1 511.4 11

12 Trade receivables 51.3 61.8 70.9 71.3 71.5 71.1 71.7 71.4 71.6 71.4 71.7 12

13 Taxes receivable 93.7 91.2 91.6 96.1 105.0 108.5 112.0 115.5 119.0 122.5 126.0 13

14 Miscellaneous assets 101.7 102.3 100.9 101.8 102.6 102.0 102.3 116.3 114.2 113.2 111.8 14

15 Total liabilities 5108.7 5545.6 5936.7 6181.5 6525.0 6718.7 6693.2 7239.3 7844.6 8280.9 8629.5 15

16 SDR certificates 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 16

17 Treasury currency 26.0 26.7 27.5 28.1 27.4 27.2 27.0 26.7 26.6 26.6 26.5 17

18 Credit market instruments 4033.1 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 18

19 Savings bonds 203.8 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 19

20 Other Treasury securities 3804.4 4166.3 4472.9 4659.4 4902.8 5103.8 5055.7 5583.4 6144.2 6610.5 6949.6 20

21 Budget agency securities 24.9 24.3 23.8 23.5 23.1 23.5 23.5 23.1 23.3 22.5 22.3 21

22 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 22

23 Trade payables 151.2 166.3 198.8 204.5 233.5 242.8 257.3 252.0 224.3 221.7 226.0 23

24 Insurance reserves 40.5 41.6 42.7 44.2 45.4 45.3 45.8 45.7 46.4 46.3 46.9 24

25 Miscellaneous liabilities (3) 855.8 913.9 963.7 1017.2 1094.2 1078.7 1086.7 1112.0 1183.5 1157.1 1162.5 25

26 Nonmarketable securities held by pension plans 815.0 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 26

27 Other 40.8 58.0 80.7 98.6 142.2 141.8 143.2 149.7 168.3 163.9 165.0 27

(1) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.
Z.1, September 17, 2009 69

L.107 Rest of the World

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 8790.8 10523.4 11516.0 13964.9 16090.7 16395.9 16501.7 16709.6 15167.4 15089.7 15062.6 1

 2 Net interbank assets 109.6 118.3 106.0 96.7 -56.9 -161.4 -152.5 -29.4 308.2 140.5 -23.3 2

 3 U.S. checkable deposits and currency 262.9 285.3 300.1 311.6 306.1 316.0 312.6 327.6 361.4 355.2 353.2 3

 4 U.S. time deposits 115.0 149.2 155.9 167.4 207.6 229.1 232.1 226.8 252.8 228.6 225.6 4

 5 Money market fund shares 18.8 22.9 23.0 27.0 46.0 53.1 60.3 61.5 62.7 63.9 65.1 5

 6 Security RPs 460.2 665.1 713.3 1029.0 1109.1 1107.7 991.0 897.0 584.2 582.5 583.3 6

 7 Credit market instruments 3836.1 4634.7 5188.3 6198.2 7274.7 7402.9 7581.7 7606.1 7611.3 7668.9 7715.7 7

 8 Open market paper 192.8 229.8 239.6 287.6 278.1 280.8 276.8 253.3 232.9 217.3 199.2 8

 9 Treasury securities 1513.5 1813.6 1984.4 2126.2 2376.4 2498.5 2593.7 2790.2 3210.6 3382.7 3483.4 9

10 Official 986.3 1251.9 1340.6 1558.3 1736.7 1842.7 1918.9 2035.4 2325.7 2444.0 2567.5 10

11 Private 527.2 561.6 643.8 567.9 639.7 655.8 674.8 754.8 885.0 938.7 915.9 11

12 Agency- and GSE-backed securities 655.3 875.2 1012.9 1262.3 1582.4 1606.1 1631.1 1535.7 1427.5 1368.4 1359.8 12

13 Official 262.9 372.6 487.2 694.2 954.3 1022.3 1103.9 1082.3 979.3 972.4 965.0 13

14 Private 392.4 502.6 525.7 568.1 628.1 583.7 527.1 453.4 448.1 396.0 394.9 14

15 Municipal securities 19.5 26.0 29.0 34.4 45.1 48.2 51.4 38.0 41.0 40.0 45.6 15

16 U.S. corporate bonds (1) 1330.0 1558.9 1762.9 2320.8 2719.1 2718.0 2786.1 2762.6 2474.5 2462.8 2435.3 16

17 Loans to U.S. corporate business 125.0 131.2 159.6 166.9 273.6 251.3 242.6 226.4 224.9 197.8 192.4 17

18 U.S. corporate equities 1524.4 1904.6 2039.1 2448.1 2812.2 2595.3 2551.7 2332.2 1772.9 1563.0 1850.0 18

19 Mutual fund shares 146.1 195.8 242.0 316.8 373.5 352.0 357.3 318.8 262.0 246.2 283.8 19

20 Trade receivables 50.1 49.0 56.9 62.8 83.5 94.3 100.1 102.0 89.6 87.2 92.8 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 2267.5 2498.5 2691.4 3307.5 3934.9 4406.8 4467.3 4867.0 3862.3 4153.8 3916.2 22

23 Foreign direct investment in U.S. (2) 1581.0 1742.7 1906.0 2154.1 2450.1 2508.9 2611.8 2677.0 2646.8 2669.6 2698.0 23

24 Other 686.5 755.8 785.4 1153.4 1484.8 1897.9 1855.5 2190.0 1215.4 1484.2 1218.3 24

25 Total liabilities 4946.9 5856.0 6488.4 7467.2 8357.6 8915.5 8916.8 10063.0 8351.9 8472.6 7546.4 25

 U.S. official foreign exchange

26 and net IMF position 62.3 62.2 45.9 46.0 50.0 54.8 54.9 51.4 57.3 54.8 61.2 26

27 U.S. private deposits 867.1 957.0 997.8 1085.0 1349.1 1240.3 1137.0 1063.4 996.2 927.8 842.7 27

28 Credit market instruments 1253.3 1438.8 1513.9 1882.6 2126.3 2201.9 2227.7 2097.7 1864.4 1896.4 1951.1 28

29 Commercial paper 276.1 345.3 384.0 482.3 413.0 460.3 470.6 401.1 342.0 344.8 345.7 29

30 Bonds 868.9 985.0 1011.6 1275.5 1587.1 1607.1 1625.4 1559.9 1392.9 1427.3 1482.5 30

31 Bank loans n.e.c. 66.1 69.9 84.4 98.3 102.8 111.7 109.4 114.8 107.9 103.1 101.6 31

32 Official 4.5 5.5 2.6 1.9 1.9 2.0 3.1 2.3 2.6 2.6 2.9 32

33 Banks 8.9 13.4 18.1 21.9 30.2 37.8 36.8 40.8 33.0 29.3 26.7 33

34 Other 52.7 51.0 63.7 74.4 70.8 71.9 69.5 71.6 72.4 71.3 72.0 34

35 U.S. government loans 42.0 38.3 33.7 26.4 23.1 22.7 22.2 21.9 21.6 21.2 21.4 35

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

37 Trade payables 44.7 48.2 54.5 60.7 73.1 70.5 69.3 67.6 63.2 60.8 65.3 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 2719.6 3349.9 3876.4 4392.9 4759.1 5348.0 5427.9 6782.9 5370.9 5532.7 4626.1 39

40 U.S. equity in IBRD, etc. 40.0 42.0 43.2 45.3 46.9 47.0 48.1 48.2 48.3 48.4 49.7 40

41 Nonofficial foreign currencies 2.8 2.8 0.6 0.6 24.5 21.5 62.5 288.7 554.2 310.4 115.0 41

42 U.S. direct investment abroad (1,2) 2054.5 2498.5 2651.7 2948.2 3451.5 3548.7 3655.6 3716.5 3698.8 3745.3 3793.7 42

43 Other 622.3 806.7 1180.9 1398.9 1236.2 1730.7 1661.7 2729.5 1069.6 1428.6 667.7 43

 Memo:

44 Market value of foreign equities 1891.6 2560.4 3317.7 4329.0 5248.0 4796.5 4758.3 3702.7 2851.4 2551.8 3264.9 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).
70 Z.1, September 17, 2009

L.108 Monetary Authority (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 796.8 841.3 878.7 908.2 951.3 932.4 952.0 1541.4 2270.6 2122.0 2063.3 1

 2 Gold and foreign exchange 30.8 32.3 29.9 31.4 34.2 36.5 36.7 34.3 35.7 34.5 35.5 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 38.7 38.7 38.7 38.7 38.7 42.3 42.4 4

 5 Federal Reserve float -0.3 0.9 0.9 -0.3 -0.0 -0.6 -0.6 -1.0 -1.5 -3.1 -2.8 5

 6 Federal Reserve loans to domestic banks 0.1 0.0 0.1 0.1 48.6 111.3 174.2 300.1 559.7 545.5 353.6 6

 7 Discount window (2) 0.1 0.0 0.1 0.1 48.6 111.3 174.2 200.0 544.0 541.1 343.8 7

 8 AMLF (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 8

 9 Security RPs 43.8 33.0 46.8 40.8 46.5 76.0 114.5 83.0 80.0 0.0 0.0 9

10 Credit market instruments 666.7 717.8 744.2 778.9 740.6 631.0 509.1 780.9 986.0 1168.1 1469.5 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 666.7 717.8 744.2 778.9 740.6 591.2 478.8 476.6 475.9 492.3 656.5 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.5 19.7 287.0 559.1 13

14 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 39.7 30.3 289.8 490.4 388.8 253.9 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.7 25.1 15

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

17 Brokers and dealers (5) 0.0 0.0 0.0 0.0 0.0 39.7 1.5 199.7 45.5 20.4 5.1 17

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 0.0 0.0 0.0 28.8 29.0 29.1 29.1 29.2 18

19 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 61.1 38.9 46.0 43.5 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.5 18.6 17.7 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.4 24.2 22.6 21

22 Funding corporations (CPFF) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 333.0 245.8 110.8 22

23 Miscellaneous assets 18.2 18.6 18.1 17.0 40.5 37.3 77.2 303.2 569.8 332.5 163.0 23

24 Nonofficial foreign currencies (10) 0.0 0.0 0.0 0.0 24.0 21.0 62.0 288.3 553.7 309.9 114.6 24

25 Other 18.2 18.6 18.1 17.0 16.5 16.3 15.2 15.0 16.0 22.6 48.4 25

26 Total liabilities 788.0 829.6 865.7 892.9 932.8 910.6 930.6 1519.5 2249.5 2098.1 2039.0 26

27 Depository institution reserves 23.1 24.0 19.0 18.7 20.8 24.2 33.5 222.1 860.0 805.2 660.5 27

28 Vault cash of commercial banks 48.0 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 28

29 Checkable deposits and currency 683.0 720.8 750.8 774.3 792.1 775.9 786.3 1149.3 1220.3 1142.8 1196.6 29

30 Due to federal government 6.0 6.2 4.8 5.0 16.4 5.9 5.3 332.7 365.7 267.4 316.2 30

31 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 31

32 Treasury general deposit account 5.7 5.9 4.6 4.7 16.1 5.6 5.0 33.0 106.1 67.2 116.0 32

33 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 299.5 259.3 199.9 199.9 33

34 Due to rest of the world 0.2 0.1 0.1 0.1 0.1 0.1 0.2 0.1 1.4 1.2 1.8 34

35 Due to government-sponsored enterprises 0.6 1.1 2.0 0.8 1.7 0.1 0.1 26.2 21.1 20.9 20.0 35

36 Currency outside banks 676.2 713.3 743.9 768.5 773.9 769.8 780.7 790.3 832.2 853.4 858.6 36

37 Security RPs 25.7 30.8 30.5 29.6 44.0 44.1 43.8 77.9 88.4 70.6 72.7 37

38 Miscellaneous liabilities 8.3 12.5 15.3 18.5 21.0 21.0 21.3 22.2 23.1 29.1 58.1 38

39 Federal Reserve Bank stock 8.8 11.9 13.5 15.3 18.5 19.5 19.9 20.3 21.1 22.6 24.2 39

40 Other -0.6 0.6 1.8 3.2 2.5 1.5 1.5 1.9 2.0 6.6 33.8 40

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

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

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

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

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

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

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

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

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

(10) Reciprocal currency arrangements (swap lines) with foreign central banks.
Z.1, September 17, 2009 71

L.109 Commercial Banking (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 8202.9 9026.4 9807.2 10778.0 11763.6 12098.4 12236.3 13016.4 13996.5 14464.7 14200.0 1

 2 Vault cash 48.0 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 2

 3 Reserves at Federal Reserve 19.7 20.8 16.3 16.7 18.2 21.7 30.9 218.6 837.5 758.0 598.7 3

 4 Checkable deposits and currency 2.5 3.5 3.0 2.9 2.3 2.3 2.3 2.4 3.0 4.1 3.1 4

 5 Total bank credit 6239.6 6851.5 7546.6 8402.1 9190.1 9271.8 9319.3 9725.9 9678.7 9556.8 9523.0 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 6

 7 Treasury securities 132.3 107.8 97.1 95.2 112.5 111.9 99.7 117.6 95.8 119.0 125.4 7

 8 Agency- and GSE-backed securities 1000.0 1095.0 1089.6 1135.3 1022.4 1010.6 1088.8 1080.0 1169.1 1175.9 1222.1 8

 9 Municipal securities 132.7 140.8 157.7 180.2 192.4 203.2 202.9 223.4 215.6 213.8 218.8 9

10 Corporate and foreign bonds 481.2 563.6 687.0 780.3 978.7 1003.3 975.3 958.9 984.7 961.5 941.3 10

11 Bank loans n.e.c. 1335.1 1410.1 1577.9 1704.8 2028.8 2103.9 2138.6 2222.0 2232.1 2125.7 2031.0 11

12 Mortgages 2255.8 2595.6 2958.0 3403.1 3645.7 3686.0 3662.2 3854.9 3843.0 3854.9 3899.3 12

13 Consumer credit 669.4 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 13

14 Security credit 200.9 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 14

15 Corporate equities 15.0 20.3 24.1 35.3 41.5 33.0 31.9 20.6 3.5 0.6 7.4 15

16 Mutual fund shares 17.1 18.1 17.4 24.5 29.6 26.4 25.5 20.0 19.6 33.5 36.0 16

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

18 Miscellaneous assets 1888.9 2105.0 2187.1 2304.2 2497.5 2756.8 2837.7 3021.5 3419.5 4095.6 4024.2 18

19 Total liabilities 7382.1 8099.3 8689.1 9467.5 10408.8 10727.0 10789.4 11342.6 12090.3 12363.0 12140.0 19

20 Net interbank liabilities 122.0 146.6 132.2 119.6 13.4 -35.4 30.1 218.9 594.3 441.3 158.3 20

21 To monetary authority -0.3 1.0 1.0 -0.3 48.6 110.7 173.6 299.1 558.2 542.4 350.8 21

22 To domestic banks (3) 12.7 27.3 25.2 23.2 21.7 15.3 9.0 -50.8 -272.1 -241.7 -169.2 22

23 To foreign banks 109.6 118.3 106.0 96.7 -56.9 -161.4 -152.5 -29.4 308.2 140.5 -23.3 23

24 Checkable deposits 607.2 646.7 610.3 574.4 586.0 588.7 585.0 637.2 727.9 665.5 728.3 24

25 Federal government 30.2 26.9 33.9 28.0 42.9 42.9 50.2 41.5 3.5 4.3 4.0 25

26 Rest of the world 4.1 13.2 19.7 28.8 34.1 37.2 33.5 42.7 58.9 41.1 40.5 26

27 Private domestic 573.0 606.6 556.8 517.6 509.0 508.6 501.3 553.1 665.5 620.1 683.8 27

28 Small time and savings deposits 2979.2 3259.8 3528.1 3815.7 4079.5 4195.7 4190.7 4407.5 4620.7 4755.1 4779.4 28

29 Large time deposits 928.1 1120.6 1363.7 1627.7 1926.0 1990.8 1974.1 2043.5 1828.3 1764.2 1770.5 29

30 Federal funds and security RPs (net) 713.2 726.4 816.6 887.1 837.4 807.0 756.7 714.2 481.7 463.0 595.9 30

31 Credit market instruments 660.4 738.7 823.9 998.0 1261.2 1312.9 1394.2 1460.5 1422.0 1724.9 1720.8 31

32 Open market paper 46.6 57.2 61.2 79.3 117.2 116.1 130.6 115.8 77.7 56.1 51.9 32

33 Corporate bonds 378.4 437.4 494.1 570.1 688.7 723.9 781.2 732.6 818.0 1211.0 1216.4 33

34 Other loans and advances 235.3 244.1 268.5 348.5 455.2 472.9 482.4 612.1 526.3 457.8 452.5 34

35 Taxes payable (net) 35.1 33.6 25.8 24.7 11.1 0.2 -12.3 -29.7 -74.6 -72.6 -80.9 35

36 Miscellaneous liabilities 1336.9 1426.8 1388.5 1420.3 1694.2 1867.1 1871.0 1890.4 2490.1 2621.6 2467.6 36

 Memo:

37 Credit market funds advanced (4) 6010.9 6621.2 7278.4 8040.5 8785.2 8915.4 8980.8 9401.0 9434.6 9306.1 9285.5 37

38 Consumer leases not included above (5) 0.0 0.0 0.0 0.0 11.2 11.2 10.7 9.8 9.5 9.1 8.1 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.
72 Z.1, September 17, 2009

L.110 U.S.-Chartered Commercial Banks

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 6216.0 6865.1 7392.5 8189.5 8840.8 9031.6 9055.6 9790.7 10268.9 10062.7 10001.8 1

 2 Vault cash and reserves at Federal Reserve 66.8 61.6 65.5 67.8 72.2 66.0 75.9 232.5 656.3 594.6 504.3 2

 3 Total bank credit 5527.0 6118.0 6621.3 7320.5 7883.7 7968.5 8031.6 8464.9 8379.7 8316.7 8387.5 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 4

 5 Treasury securities 93.5 74.2 64.2 61.9 73.0 64.1 49.5 71.5 53.4 71.0 82.7 5

 6 Agency- and GSE-backed securities 906.4 996.1 992.7 1040.3 928.9 923.2 985.7 991.3 1068.7 1085.4 1136.8 6

 7 Mortgage pass-through securities 491.4 581.7 579.0 647.8 592.8 616.8 676.7 697.9 744.9 730.2 765.1 7

 8 CMOs and other structured MBS 161.5 156.7 152.3 147.2 142.8 148.2 146.0 146.4 157.1 166.9 173.5 8

 9 Other 253.5 257.7 261.5 245.3 193.3 158.2 163.0 147.0 166.7 188.4 198.2 9

10 Municipal securities 132.1 140.4 157.2 178.9 190.9 201.7 201.4 221.8 214.1 211.8 217.3 10

11 Corporate and foreign bonds 305.8 364.6 411.6 470.7 572.4 572.0 566.3 560.1 542.0 572.9 603.7 11

12 Private mortgage pass-through securities 12.2 18.9 23.9 32.7 48.2 50.1 43.5 38.7 23.8 22.5 25.8 12

13 Private CMOs and other structured MBS 92.6 108.0 146.2 158.8 223.7 240.8 237.3 245.8 222.2 214.0 209.8 13

14 Other 201.0 237.7 241.5 279.1 300.5 281.1 285.5 275.6 296.0 336.4 368.1 14

15 Bank loans n.e.c. 1083.0 1150.5 1249.3 1312.2 1532.9 1590.2 1622.1 1687.0 1670.8 1580.7 1523.3 15

16 Mortgages 2213.3 2547.3 2902.1 3338.9 3564.6 3603.2 3578.1 3769.8 3754.7 3766.4 3811.8 16

17 Consumer credit 669.4 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 17

18 Security credit 91.4 102.2 95.6 116.5 145.9 158.4 158.1 178.8 158.6 139.1 120.9 18

19 Corporate equities 15.0 20.3 24.1 35.3 41.5 33.0 31.9 20.6 3.5 0.6 7.4 19

20 Mutual fund shares 17.1 18.1 17.4 24.5 29.6 26.4 25.5 20.0 19.6 33.5 36.0 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 618.4 682.2 702.5 801.2 884.8 997.1 948.1 1093.3 1232.9 1151.3 1110.0 22

23 Total liabilities 5939.6 6663.3 7123.4 7764.2 8370.8 8573.8 8537.8 9026.3 9332.9 9195.8 9194.2 23

24 Net interbank liabilities 184.6 274.4 292.5 365.1 503.2 510.2 633.9 695.5 868.8 712.9 620.1 24

25 Federal Reserve float -0.3 0.9 0.9 -0.3 -0.0 -0.6 -0.6 -1.0 -1.5 -3.1 -2.8 25

26 Borrowing from Federal Reserve banks 0.1 0.0 0.1 0.1 48.6 111.3 174.2 300.1 559.7 545.5 353.6 26

27 To domestic banks -53.1 -20.3 -18.4 -55.0 -23.8 -51.0 -59.7 -112.8 -336.4 -370.2 -301.5 27

28 To foreign banks 238.0 293.8 309.9 420.3 478.3 450.6 520.1 509.2 647.0 540.7 570.7 28

29 Checkable deposits 585.8 624.5 587.7 551.2 560.2 560.2 556.8 611.2 700.9 637.9 698.8 29

30 Federal government 30.2 26.9 33.9 28.0 42.9 42.9 50.2 41.5 3.5 4.3 4.0 30

31 Rest of the world 1.5 11.2 17.4 26.8 31.7 29.5 27.7 39.2 54.2 36.6 35.9 31

32 Private domestic 554.1 586.4 536.5 496.4 485.5 487.7 479.0 530.5 643.3 597.0 658.9 32

33 Small time and savings deposits 2951.6 3231.3 3494.2 3771.9 4027.0 4137.5 4133.8 4356.7 4567.2 4702.5 4729.5 33

34 Large time deposits 555.7 671.3 838.1 968.0 991.1 1009.9 963.1 1077.6 1015.6 976.3 915.6 34

35 Federal funds and security RPs (net) 553.4 568.0 625.0 646.4 610.3 591.6 559.4 534.4 351.3 356.5 457.1 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 98.9 109.3 121.7 149.2 174.4 174.2 173.5 173.8 182.4 168.3 165.3 37

38 Other loans and advances 235.3 244.1 268.5 348.5 455.2 472.9 482.4 612.1 526.3 457.8 452.5 38

39 Taxes payable (net) 35.1 33.6 25.8 24.7 11.1 0.2 -12.3 -29.7 -74.6 -72.6 -80.9 39

40 Miscellaneous liabilities 735.4 903.4 866.6 939.1 1038.4 1117.1 1047.2 994.7 1194.9 1256.2 1236.1 40

41 Investment by bank holding companies 689.8 857.0 897.0 1006.9 1133.1 1158.4 1148.5 1157.2 1181.3 1245.4 1260.8 41

42 Other 45.7 46.4 -30.4 -67.8 -94.7 -41.3 -101.3 -162.5 13.6 10.8 -24.7 42

 Memo:

43 Credit market funds advanced (2) 5407.3 5980.7 6487.4 7144.1 7666.8 7750.6 7816.0 8245.6 8197.9 8143.4 8223.3 43

44 Consumer leases not included above (3) 0.0 0.0 0.0 0.0 11.2 11.2 10.7 9.8 9.5 9.1 8.1 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, September 17, 2009 73

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 750.2 632.7 781.5 785.2 1001.4 1091.7 1089.9 1165.0 1566.2 1444.8 1239.9 1

 2 Reserves at Federal Reserve 0.9 0.7 0.9 0.6 1.0 1.1 0.7 34.1 239.0 213.6 145.5 2

 3 Total bank credit 599.2 606.3 792.1 946.8 1151.4 1147.3 1106.0 1088.8 1131.9 1076.0 967.3 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 30.6 40.1 37.2 31.3 38.1 46.6 34.9 5

 6 Agency- and GSE-backed securities 53.0 51.8 50.9 54.8 56.9 49.0 47.0 44.6 49.9 45.6 38.7 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 159.8 182.2 262.8 292.5 369.5 394.6 370.5 359.3 405.4 355.8 306.4 8

 9 Bank loans n.e.c. 225.7 234.0 294.7 361.8 466.8 484.9 486.9 506.3 531.9 506.3 470.9 9

10 Mortgages 17.5 16.9 20.8 24.9 39.0 39.9 41.0 41.7 44.2 44.2 43.1 10

11 Security credit 109.5 93.7 135.1 185.6 188.6 138.8 123.2 105.5 62.3 77.5 73.3 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 0.5 0.3 0.3 0.0 0.0 0.0 0.0 13

14 Miscellaneous assets 149.5 25.0 -12.3 -162.6 -151.4 -57.0 -17.1 42.1 195.4 155.2 127.1 14

15 Total liabilities 792.4 680.2 834.7 844.5 1067.4 1159.4 1159.4 1236.2 1639.2 1519.6 1316.5 15

16 Net interbank liabilities -69.0 -135.8 -141.8 -213.1 -404.2 -448.1 -505.6 -430.1 -164.6 -234.1 -404.3 16

17 To foreign banks -95.3 -167.9 -176.7 -255.3 -424.6 -496.5 -542.8 -432.0 -180.8 -251.5 -439.3 17

18 To domestic banks 26.4 32.1 34.9 42.2 20.4 48.3 37.2 1.8 16.2 17.4 35.0 18

19 Checkable deposits 9.5 8.7 9.3 9.3 11.8 14.9 14.1 12.3 13.5 13.8 15.0 19

20 Small time and savings deposits 10.2 9.5 10.0 18.6 25.5 31.6 29.4 22.1 25.6 26.2 24.1 20

21 Large time deposits 354.9 430.3 501.7 634.5 907.9 954.2 983.6 937.2 784.7 761.5 829.2 21

22 Federal funds and security RPs (net) 157.7 157.5 190.9 239.9 226.3 214.7 196.9 179.9 130.0 134.3 172.4 22

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

24 Miscellaneous liabilities 328.4 209.2 263.8 154.8 299.6 391.7 440.6 514.7 850.0 817.9 680.2 24

25 Foreign direct investment in U.S. 85.2 122.7 130.2 135.4 134.3 142.2 148.2 150.4 119.1 116.6 118.0 25

26 Due to affiliates 134.7 167.7 188.8 197.3 241.0 240.4 237.3 192.6 276.6 269.3 224.5 26

27 Other 108.5 -81.2 -55.1 -177.9 -75.8 9.1 55.1 171.8 454.2 431.9 337.7 27

 Memo:

28 Credit market funds advanced (3) 490.3 513.3 657.8 761.6 963.3 1008.9 983.1 983.2 1069.5 998.5 894.0 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).
74 Z.1, September 17, 2009

L.112 Bank Holding Companies

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1153.1 1429.0 1523.8 1695.3 1813.2 1866.7 1980.4 1951.9 2056.3 2853.7 2857.1 1

 2 Credit market instruments 36.4 36.4 32.2 35.6 58.7 59.7 84.1 75.0 72.6 71.5 75.5 2

 3 Treasury securities 2.7 2.0 1.1 2.5 7.1 6.3 11.8 13.7 3.1 0.6 7.0 3

 4 Agency- and GSE-backed securities 11.6 13.5 11.2 11.2 9.9 13.0 28.3 16.6 25.8 21.6 22.4 4

 5 Corporate and foreign bonds 14.2 15.5 11.8 16.7 35.9 35.0 37.4 38.8 35.8 32.0 29.5 5

 6 Bank loans n.e.c. 7.9 5.3 8.1 5.1 5.8 5.4 6.6 5.9 7.9 17.3 16.6 6

 7 Miscellaneous assets 1116.7 1392.6 1491.6 1659.7 1754.6 1807.0 1896.3 1876.8 1983.7 2782.3 2781.6 7

 8 Investment in bank subsidiaries 689.8 857.0 897.0 1006.9 1133.1 1158.4 1148.5 1157.2 1181.3 1245.4 1260.8 8

 9 Investment in nonbank subsidiaries 265.0 341.3 384.0 406.6 343.6 352.6 383.7 404.2 430.0 1014.2 1011.2 9

10 Other 161.9 194.4 210.6 246.2 277.9 296.0 364.1 315.4 372.5 522.7 509.6 10

11 Total liabilities 571.5 661.7 627.6 756.7 868.8 891.9 988.1 977.3 1019.3 1550.8 1534.5 11

12 Net interbank liabilities 6.3 8.0 -18.5 -32.4 -85.6 -97.5 -98.3 -46.5 -109.9 -37.6 -57.4 12

13 To domestic banks 39.4 15.5 8.6 36.0 25.0 18.0 31.4 60.2 48.1 111.1 97.3 13

14 To foreign banks -33.1 -7.5 -27.1 -68.4 -110.6 -115.5 -129.8 -106.7 -158.0 -148.7 -154.8 14

15 Federal funds and security RPs (net) 2.1 0.8 0.6 0.8 0.8 0.6 0.4 -0.1 0.4 -27.8 -33.6 15

16 Credit market instruments 321.8 381.3 429.5 499.7 631.1 665.4 737.9 674.6 713.3 1098.8 1103.0 16

17 Commercial paper 42.3 53.1 57.1 78.8 116.7 115.7 130.3 115.8 77.7 56.1 51.9 17

18 Corporate bonds 279.5 328.2 372.4 420.9 514.4 549.7 607.6 558.8 635.6 1042.6 1051.1 18

19 Miscellaneous liabilities 241.4 271.6 216.0 288.6 322.4 323.4 348.0 349.3 415.5 517.4 522.5 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 99.5 109.3 108.1 108.2 108.4 110.3 108.8 105.1 103.5 101.3 1

 2 Checkable deposits and currency 2.5 3.5 3.0 2.9 2.3 2.3 2.3 2.4 3.0 4.1 3.1 2

 3 Credit market instruments 76.9 90.8 101.0 99.3 96.4 96.3 97.6 97.2 94.6 92.6 92.7 3

 4 Treasury securities 2.5 3.8 3.9 3.7 1.8 1.4 1.2 1.2 1.2 0.8 0.8 4

 5 Agency- and GSE-backed securities 28.9 33.6 34.8 29.0 26.6 25.4 27.8 27.4 24.7 23.3 24.3 5

 6 Municipal securities 0.6 0.3 0.5 1.3 1.5 1.5 1.5 1.6 1.5 2.0 1.5 6

 7 Corporate and foreign bonds 1.4 1.3 0.8 0.4 1.0 1.8 1.1 0.7 1.4 0.8 1.6 7

 8 Bank loans n.e.c. 18.5 20.3 25.9 25.6 23.3 23.3 22.9 22.7 21.5 21.4 20.2 8

 9 Home mortgages 12.2 15.6 16.3 17.2 17.9 18.3 18.3 18.6 19.2 19.4 19.5 9

10 Commercial mortgages 12.8 15.9 18.8 22.0 24.2 24.6 24.8 24.9 25.0 24.9 24.9 10

11 Miscellaneous assets 4.3 5.2 5.3 5.9 9.5 9.8 10.4 9.3 7.6 6.8 5.5 11

12 Total liabilities 78.6 94.0 103.4 102.1 101.8 101.8 104.1 102.7 98.9 96.8 94.8 12

13 Checkable deposits 11.9 13.5 13.3 14.0 14.0 13.6 14.0 13.7 13.4 13.8 14.5 13

14 Small time and savings deposits 17.5 19.0 23.9 25.2 27.0 26.7 27.5 28.7 27.9 26.4 25.8 14

15 Large time deposits 17.5 19.0 23.9 25.2 27.0 26.7 27.5 28.7 27.9 26.4 25.8 15

16 Miscellaneous liabilities 31.7 42.5 42.2 37.7 33.9 34.8 35.2 31.6 29.7 30.1 28.8 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, September 17, 2009 75

L.114 Savings Institutions (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1465.9 1649.6 1789.4 1714.8 1815.0 1826.4 1817.2 1518.4 1523.5 1531.9 1397.6 1

 2 Reserves at Federal Reserve 3.4 3.3 2.7 2.0 2.6 1.9 2.0 2.5 18.7 29.8 39.7 2

 3 Checkable deposits and currency 24.8 21.3 23.7 20.4 20.0 24.6 22.8 22.6 23.0 21.4 12.6 3

 4 Time and savings deposits 2.6 3.2 2.7 6.6 9.9 10.2 11.7 12.0 14.3 18.3 18.2 4

 5 Federal funds and security RPs 12.3 9.1 9.0 18.3 45.6 39.1 32.0 28.6 34.7 29.5 10.3 5

 6 Credit market instruments 1294.2 1417.7 1617.1 1519.2 1584.9 1599.2 1607.0 1325.9 1310.3 1311.5 1205.1 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 7.0 6.0 4.9 2.9 2.9 3.6 4.6 8

 9 Agency- and GSE-backed securities 198.8 136.4 192.3 169.3 168.6 165.6 170.0 163.5 167.9 175.9 179.4 9

10 Mortgage pass-through securities 113.8 90.4 116.0 96.3 101.5 104.9 105.8 100.3 104.4 103.4 99.7 10

11 CMOs and other structured MBS 24.3 23.4 30.7 27.5 25.3 25.7 34.4 30.8 32.6 37.7 40.8 11

12 Other 60.6 22.7 45.5 45.5 41.8 35.0 29.8 32.3 30.8 34.8 38.9 12

13 Municipal securities 6.6 7.4 9.0 11.1 11.0 10.5 11.1 8.5 8.4 8.6 9.3 13

14 Corporate and foreign bonds 71.9 59.2 80.2 89.4 138.5 139.8 139.3 114.1 104.5 112.8 103.8 14

15 Private mortgage pass-through securities 10.7 8.2 7.7 10.7 6.2 8.1 6.2 5.7 4.9 3.7 3.4 15

16 Private CMOs and other structured MBS 5.7 40.5 58.6 65.4 104.7 97.0 87.8 69.3 62.9 42.1 32.4 16

17 Other 55.5 10.5 13.9 13.3 27.6 34.7 45.2 39.1 36.7 66.9 67.9 17

18 Other loans and advances 56.3 57.6 61.5 67.5 73.7 78.0 76.1 74.0 80.1 80.7 76.7 18

19 Mortgages 870.6 1057.4 1152.7 1074.0 1095.3 1111.8 1115.6 883.6 860.2 849.8 755.5 19

20 Consumer credit 77.9 91.3 109.1 95.5 90.8 87.5 90.0 79.3 86.3 80.0 75.9 20

21 Corporate equities 30.4 28.2 26.2 24.9 25.3 25.7 25.8 25.6 22.7 21.6 24.1 21

22 Miscellaneous assets 98.1 166.7 107.9 123.3 126.7 125.7 116.0 101.2 99.8 99.9 87.6 22

23 Total liabilities 1329.8 1495.0 1619.2 1535.8 1649.2 1663.8 1661.3 1381.9 1395.7 1389.1 1257.6 23

24 Deposits 924.9 990.3 1066.9 1091.5 1104.7 1131.3 1139.9 943.7 948.7 972.0 944.3 24

25 Checkable 80.7 81.2 85.0 85.9 79.4 76.7 83.9 79.0 76.6 76.4 75.9 25

26 Small time and savings 599.1 584.7 618.7 647.6 638.2 658.0 686.4 589.7 578.6 583.0 568.2 26

27 Large time 245.1 324.5 363.3 358.0 387.1 396.6 369.6 274.9 293.5 312.6 300.2 27

28 Security RPs 60.9 63.3 61.0 41.8 17.6 3.0 3.0 0.7 17.6 19.4 10.9 28

29 Credit market instruments 313.4 404.8 427.3 319.1 423.3 436.9 431.5 378.1 357.4 326.2 254.1 29

30 Corporate bonds 5.1 7.6 8.7 10.7 10.4 10.7 10.9 2.4 2.4 2.0 2.2 30

31 Bank loans n.e.c. 59.0 87.9 93.1 48.6 62.0 62.3 65.1 70.6 75.0 67.5 62.0 31

32 Other loans and advances 249.3 309.3 325.5 259.8 350.9 363.9 355.5 305.1 280.0 256.8 189.9 32

33 Taxes payable 2.6 3.6 3.6 3.3 1.3 1.6 1.0 1.1 1.0 1.4 0.8 33

34 Miscellaneous liabilities 28.0 33.1 60.4 80.1 102.3 91.0 85.9 58.4 70.9 70.1 47.4 34

35 Investment by parent 9.3 10.5 11.8 13.2 14.8 15.2 15.6 16.1 16.5 17.0 17.4 35

36 Other 18.7 22.6 48.6 66.9 87.5 75.8 70.2 42.3 54.4 53.1 30.0 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
76 Z.1, September 17, 2009

L.115 Credit Unions

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 617.2 654.7 685.7 716.2 758.7 792.8 803.2 800.0 812.4 855.4 876.6 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.6 0.6 0.9 3.8 17.4 22.2 2

 3 Checkable deposits and currency 41.5 40.2 38.1 44.4 43.3 60.5 47.9 36.8 38.5 43.9 32.3 3

 4 Time and savings deposits 27.1 26.4 21.9 17.0 17.0 22.7 25.8 25.3 28.3 34.0 35.6 4

 5 Federal funds and security RPs (net) 1.6 4.1 6.7 5.1 2.5 3.2 1.2 -3.4 -2.3 -0.5 0.1 5

 6 Credit market instruments 516.6 556.4 592.6 622.7 657.9 665.0 684.7 697.0 697.9 698.6 717.9 6

 7 Open market paper 0.7 0.8 0.8 1.0 0.4 2.7 0.7 0.0 0.0 0.0 0.0 7

 8 Treasury securities 8.8 8.9 7.7 7.4 10.4 9.6 10.2 9.9 8.8 8.3 15.4 8

 9 Agency- and GSE-backed securities 94.3 93.1 86.4 72.5 68.4 73.5 80.8 82.4 82.9 91.9 100.0 9

10 Corporate and foreign bonds 24.3 25.0 23.5 30.6 34.6 32.9 32.3 29.7 25.7 17.6 18.0 10

11 Other loans and advances 23.0 24.9 25.9 26.8 26.9 26.2 28.0 30.1 29.4 31.4 32.1 11

12 Home mortgages 159.6 188.3 219.7 249.7 281.5 290.0 301.6 308.8 316.0 314.7 316.2 12

13 Consumer credit 205.9 215.4 228.6 234.5 235.7 230.1 231.1 236.1 235.0 234.8 236.2 13

14 Mutual fund shares 4.1 3.1 2.2 2.1 2.1 2.4 2.4 2.0 2.0 1.8 1.8 14

15 Miscellaneous assets 26.3 24.5 24.2 24.9 35.9 38.4 40.5 41.4 44.2 60.1 66.7 15

16 Total liabilities 561.5 595.2 622.7 648.7 688.2 721.2 732.4 729.1 742.7 792.2 813.3 16

17 Shares/deposits 545.0 574.5 596.1 620.6 652.3 685.1 693.8 683.7 697.4 741.2 754.5 17

18 Checkable 66.5 74.1 81.1 72.6 73.7 78.8 77.0 74.5 75.3 80.8 77.0 18

19 Small time and savings 424.9 440.4 452.5 483.0 508.7 531.8 541.2 539.3 551.7 582.2 596.8 19

20 Large time 53.6 60.0 62.5 65.0 69.9 74.5 75.6 69.9 70.4 78.3 80.8 20

21 Other loans and advances 9.1 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 21

22 Miscellaneous liabilities 7.4 9.3 11.9 9.2 3.6 7.6 3.2 1.9 4.7 20.7 30.3 22

L.116 Property-Casualty Insurance Companies

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

 1 Total financial assets 1059.3 1159.1 1246.3 1335.8 1381.5 1368.8 1366.6 1355.7 1305.5 1275.3 1317.1 1

 2 Checkable deposits and currency 34.6 25.9 21.0 29.9 42.7 41.8 40.6 43.4 27.9 26.0 30.5 2

 3 Security RPs 52.8 63.1 68.9 66.0 53.8 63.4 61.9 57.0 67.1 67.3 55.9 3

 4 Credit market instruments 625.2 698.8 765.8 813.5 839.8 836.6 835.0 826.4 823.5 823.8 841.5 4

 5 Treasury securities 64.7 71.3 69.2 75.8 55.1 55.1 55.1 54.8 54.8 54.8 56.0 5

 6 Agency- and GSE-backed securities 115.4 112.1 117.9 122.0 125.8 123.0 120.5 117.0 114.3 111.8 111.7 6

 7 Municipal securities 224.2 267.8 313.2 335.2 371.3 374.4 378.1 378.9 381.9 384.6 395.3 7

 8 Corporate and foreign bonds 218.9 245.3 262.8 277.0 282.9 279.3 276.2 271.0 267.5 267.6 273.4 8

 9 Commercial mortgages 2.1 2.4 2.7 3.5 4.8 4.9 5.0 4.7 5.0 5.0 5.1 9

10 Corporate equities 178.4 196.6 199.5 227.0 236.2 215.7 212.5 209.5 193.3 164.6 191.5 10

11 Mutual fund shares 4.3 5.2 5.7 6.9 6.8 6.3 6.3 5.6 4.4 4.2 4.6 11

12 Trade receivables 79.3 79.6 82.1 87.0 85.4 86.3 87.1 87.1 86.7 87.4 89.3 12

13 Miscellaneous assets 84.6 89.9 103.3 105.5 116.8 118.7 123.1 126.7 102.6 102.1 103.9 13

14 Total liabilities 668.3 709.8 757.7 825.1 832.4 839.2 848.9 868.2 825.2 812.2 812.3 14

15 Taxes payable (net) 1.0 1.5 -1.6 9.4 7.0 5.9 -3.0 -2.7 -21.1 -24.2 -24.2 15

16 Miscellaneous liabilities 667.2 708.3 759.3 815.7 825.4 833.2 851.9 871.0 846.4 836.5 836.6 16
Z.1, September 17, 2009 77

L.117 Life Insurance Companies

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 3772.8 4130.3 4350.7 4685.3 4949.7 4867.7 4875.1 4715.9 4515.5 4420.3 4552.1 1

 2 Checkable deposits and currency 47.3 53.3 47.7 56.1 58.3 63.1 71.8 73.9 82.8 70.3 62.9 2

 3 Money market fund shares 151.4 120.7 113.6 162.3 226.6 244.0 247.0 249.8 259.8 263.5 260.7 3

 4 Credit market instruments 2488.3 2661.4 2765.4 2806.1 2888.6 2916.1 2928.4 2910.6 2919.2 2979.9 3008.7 4

 5 Open market paper 55.9 48.2 40.2 53.1 61.4 69.0 65.8 56.2 89.7 104.9 104.8 5

 6 Treasury securities 71.8 78.5 91.2 83.2 68.3 74.4 80.4 85.8 90.7 99.9 106.2 6

 7 Agency- and GSE-backed securities 348.9 357.1 368.5 377.4 382.9 381.4 379.1 373.6 366.2 360.5 355.7 7

 8 Municipal securities 26.1 30.1 32.5 36.6 41.4 43.2 44.8 46.1 47.1 49.0 49.9 8

 9 Corporate and foreign bonds 1610.5 1756.3 1824.8 1822.8 1862.8 1867.2 1868.0 1846.8 1818.9 1861.7 1889.7 9

10 Other loans and advances 114.2 117.8 122.8 129.3 145.6 150.1 153.8 161.2 164.2 165.4 166.8 10

11 Mortgages 260.9 273.3 285.5 303.8 326.2 330.9 336.4 340.9 342.4 338.6 335.7 11

12 Corporate equities 919.3 1053.9 1161.8 1364.8 1464.6 1332.8 1325.2 1229.5 1001.7 892.7 986.0 12

13 Mutual fund shares 91.7 114.4 109.0 148.8 188.4 175.0 174.9 154.6 121.0 113.7 123.8 13

14 Miscellaneous assets 74.7 126.6 153.1 147.1 123.3 136.6 127.8 97.4 131.0 100.3 110.0 14

15 Total liabilities 3539.4 3869.7 4088.4 4412.0 4661.7 4590.6 4602.8 4459.0 4266.5 4187.2 4308.2 15

16 Other loans and advances 8.0 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 16

17 Life insurance reserves 972.7 1018.8 1039.9 1119.5 1156.1 1141.9 1150.5 1152.0 1133.4 1134.7 1150.7 17

18 Pension fund reserves (1) 1803.2 2027.9 2197.4 2332.4 2437.8 2367.3 2364.0 2308.2 2150.6 2119.0 2162.6 18

19 Taxes payable (net) -5.8 -2.7 -5.3 -1.3 -4.7 -7.8 -11.6 -17.9 -24.4 -21.8 -6.3 19

20 Miscellaneous liabilities 761.3 814.7 845.0 947.2 1043.8 1058.0 1066.5 973.8 952.0 902.8 950.7 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 4519.8 4922.4 5302.2 6010.0 6391.2 5913.2 5851.1 5443.4 4600.3 4283.3 4757.7 1

 2 Checkable deposits and currency 10.4 10.5 10.8 11.2 11.8 11.8 11.8 14.3 12.3 12.2 11.9 2

 3 Time and savings deposits 60.7 55.9 62.2 63.1 67.7 68.8 68.8 69.7 67.9 69.6 69.3 3

 4 Money market fund shares 84.3 84.9 86.7 90.1 93.5 94.1 94.8 95.3 95.7 96.1 96.2 4

 5 Security RPs 20.3 20.6 21.6 22.4 25.8 26.4 22.2 23.8 33.1 36.1 37.8 5

 6 Credit market instruments 653.5 654.6 699.9 758.3 860.7 875.6 896.2 914.4 951.4 973.0 980.7 6

 7 Open market paper 27.5 28.5 31.5 31.7 26.9 28.6 29.0 20.9 37.2 37.6 38.1 7

 8 Treasury securities 116.9 113.0 116.5 130.8 169.5 173.9 177.9 186.6 184.9 189.3 195.6 8

 9 Agency- and GSE-backed securities 223.5 235.3 252.0 268.6 296.8 300.4 302.0 310.3 318.1 325.6 320.9 9

10 Corporate and foreign bonds 275.3 267.8 290.0 317.6 357.3 362.2 376.7 385.7 400.1 408.9 414.1 10

11 Mortgages 10.2 10.0 9.8 9.5 10.2 10.4 10.7 10.9 11.1 11.6 12.1 11

12 Corporate equities 2096.6 2338.5 2541.7 2874.8 2863.3 2543.5 2459.7 2190.5 1664.7 1455.7 1658.3 12

13 Mutual fund shares 1126.9 1278.2 1399.0 1657.6 1848.3 1699.1 1688.9 1558.8 1229.5 1127.3 1325.2 13

14 Miscellaneous assets 467.3 479.2 480.2 532.5 620.1 593.9 608.8 576.6 545.5 513.4 578.3 14

15 Unallocated insurance contracts (2) 317.0 328.4 338.4 387.9 444.3 417.8 426.2 397.2 351.6 316.8 372.7 15

16 Contributions receivable 49.8 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 16

17 Other 100.5 104.1 97.0 101.8 128.6 128.4 134.5 131.5 146.0 147.7 155.7 17

18 Pension fund reserves (liabilities) (3) 4561.3 4963.0 5341.4 6047.7 6425.4 5948.6 5887.2 5479.9 4635.6 4319.6 4794.0 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.
78 Z.1, September 17, 2009

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2349.2 2577.5 2721.4 3108.3 3216.3 2978.4 2942.3 2750.3 2327.1 2172.6 2372.3 1

 2 Checkable deposits and currency 13.7 16.3 15.8 14.1 16.6 16.7 16.6 16.5 16.5 16.3 16.2 2

 3 Time and savings deposits 0.8 1.4 1.3 0.9 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 13.8 16.2 16.3 16.2 16.1 18.8 18.6 19.3 4

 5 Security RPs 23.4 20.2 19.7 24.0 28.3 28.5 28.3 28.1 30.7 30.5 31.1 5

 6 Credit market instruments 657.5 675.3 693.4 825.4 855.6 857.4 856.0 854.2 851.1 844.4 840.3 6

 7 Open market paper 41.6 35.2 35.2 42.6 50.3 50.6 50.3 44.6 33.9 33.6 29.1 7

 8 Treasury securities 148.6 151.0 153.8 157.1 168.8 169.4 169.1 171.6 174.6 173.2 177.7 8

 9 Agency- and GSE-backed securities 235.1 258.8 258.4 310.8 334.1 335.1 334.6 337.1 340.5 337.8 334.4 9

10 Municipal securities 4.4 1.8 1.7 3.6 1.9 1.2 1.2 1.2 1.1 1.1 1.1 10

11 Corporate and foreign bonds 207.4 213.5 227.9 296.9 287.8 288.5 288.2 287.3 288.6 286.5 285.8 11

12 Mortgages 20.4 15.1 16.4 14.5 12.7 12.7 12.6 12.4 12.4 12.3 12.2 12

13 Corporate equities 1421.0 1600.9 1715.8 1926.3 1985.9 1776.8 1747.0 1582.1 1211.8 1083.8 1260.1 13

14 Mutual fund shares 207.9 235.9 248.4 287.5 296.4 265.2 260.7 236.1 181.1 162.0 188.4 14

15 Miscellaneous assets 11.3 15.9 15.4 16.3 16.2 16.4 16.4 16.2 16.2 16.1 16.0 15

16 Pension fund reserves (liabilities) (1) 2396.0 2621.3 2763.4 3175.1 3315.5 3079.4 3045.7 2855.9 2435.2 2282.8 2484.9 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 1197.2 1171.4 1179.2 1188.5 1221.2 1192.4 1214.8 1

 2 Credit market instruments 63.6 68.2 76.0 84.3 96.1 106.1 108.1 115.1 120.3 124.5 124.7 2

 3 Treasury securities 55.3 60.7 68.4 76.7 88.0 96.6 98.9 105.9 112.3 116.7 116.9 3

 4 Agency- and GSE-backed securities 5.1 4.6 4.6 4.7 5.0 6.0 5.8 5.8 5.1 5.0 5.0 4

 5 Corporate and foreign bonds 3.2 3.0 2.9 2.9 3.0 3.6 3.4 3.4 2.9 2.8 2.8 5

 6 Corporate equities 79.9 99.2 112.6 138.1 149.1 128.4 127.6 111.1 85.6 74.7 92.5 6

 7 Miscellaneous assets (2) 815.0 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 7

 8 Pension fund reserves (liabilities) (3) 958.5 1023.3 1071.5 1141.1 1197.2 1171.4 1179.2 1188.5 1221.2 1192.4 1214.8 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, September 17, 2009 79

L.121 Money Market Mutual Funds (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2016.4 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 1

 2 Foreign deposits 71.5 78.5 94.7 84.1 127.3 143.8 141.4 146.0 129.3 79.7 93.1 2

 3 Checkable deposits and currency -2.1 0.6 -0.9 6.7 1.9 -9.9 0.5 8.8 7.5 12.7 -6.3 3

 4 Time and savings deposits 166.8 167.2 183.0 206.7 270.6 349.7 368.5 331.7 355.2 458.1 541.1 4

 5 Security RPs 252.6 234.0 346.0 394.6 605.9 591.6 518.1 591.8 542.4 561.5 481.6 5

 6 Credit market instruments 1471.3 1346.3 1340.8 1560.8 1936.4 2237.5 2232.8 2232.0 2675.0 2575.2 2418.1 6

 7 Open market paper 459.9 405.8 492.2 608.3 674.6 662.3 642.2 494.8 618.5 578.7 522.1 7

 8 Treasury securities 132.1 98.2 88.6 82.7 178.1 296.3 283.7 460.0 577.7 519.7 489.1 8

 9 Agency- and GSE-backed securities 328.6 267.5 160.1 131.4 235.9 388.9 424.9 518.4 756.2 776.3 733.2 9

10 Municipal securities 292.1 313.8 336.8 370.3 471.0 491.8 500.3 472.8 494.6 482.7 455.8 10

11 Corporate and foreign bonds 258.7 261.0 263.2 368.3 376.8 398.2 381.7 286.0 228.0 217.8 217.9 11

12 Miscellaneous assets 56.2 53.3 43.3 59.2 90.9 69.7 56.9 45.1 47.9 51.4 56.5 12

13 Total shares outstanding (liabilities) 2016.4 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 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 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5888.1 1

 2 Security RPs 94.5 112.6 115.4 132.8 132.2 136.0 149.6 144.1 124.7 103.6 122.8 2

 3 Credit market instruments 1506.4 1623.0 1747.1 1932.0 2203.1 2256.7 2356.6 2340.9 2276.4 2319.9 2434.1 3

 4 Open market paper 76.2 94.2 97.1 114.5 114.1 117.7 131.2 89.0 51.6 31.8 50.4 4

 5 Treasury securities 144.2 149.0 155.7 160.7 179.2 182.7 188.3 191.3 187.9 193.0 201.7 5

 6 Agency- and GSE-backed securities 447.5 462.7 483.4 499.1 565.4 576.3 594.0 603.4 592.7 588.1 615.1 6

 7 Municipal securities 290.2 294.3 311.7 344.4 372.2 380.1 393.4 399.1 389.6 406.8 430.3 7

 8 Corporate and foreign bonds 532.0 596.8 662.7 768.9 890.5 916.1 964.3 968.7 965.1 1010.1 1046.2 8

 9 Other loans and advances 16.4 26.0 36.5 44.4 81.9 83.8 85.4 89.3 89.6 90.0 90.5 9

10 Corporate equities 3051.3 3693.6 4175.7 4989.6 5476.9 4923.6 4888.8 4110.3 3014.1 2668.3 3315.2 10

11 Miscellaneous assets 2.0 7.0 10.7 14.0 16.8 20.1 17.3 18.9 20.0 16.0 16.0 11

12 Total shares outstanding (liabilities) 4654.2 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5888.1 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 205.6 245.9 271.4 294.3 316.8 298.5 285.4 251.3 207.0 200.3 213.4 1

 2 Credit market instruments 152.6 163.6 165.8 171.8 170.6 165.8 160.0 149.4 131.2 131.5 135.4 2

 3 Treasury securities 4.6 6.8 7.1 7.4 5.6 5.4 5.2 4.7 3.2 3.3 3.7 3

 4 Municipal securities 89.3 89.1 89.4 89.4 91.0 88.9 86.5 82.2 78.2 79.4 80.5 4

 5 Corporate and foreign bonds 58.8 67.6 69.3 75.1 74.0 71.5 68.3 62.5 49.8 48.8 51.3 5

 6 Corporate equities 53.0 82.3 105.6 122.5 146.2 132.7 125.4 101.9 75.7 68.8 78.0 6

 7 Total shares outstanding (liabilities) 205.6 245.9 271.4 294.3 316.8 298.5 285.4 251.3 207.0 200.3 213.4 7

 Exchange-traded funds

 8 Total financial assets 150.8 227.3 300.8 422.8 607.1 568.4 575.8 578.4 528.7 478.8 584.4 8

 9 Credit market instruments 4.5 8.2 15.0 20.7 33.5 37.8 43.0 49.7 54.7 66.0 76.5 9

10 Treasury securities 2.1 4.9 9.7 13.1 19.7 21.0 22.6 26.6 27.0 31.6 35.6 10

11 Corporate and foreign bonds 2.4 3.3 5.3 7.6 13.8 16.8 20.4 23.1 27.7 34.3 41.0 11

12 Corporate equities 146.3 219.0 285.8 402.0 573.7 530.6 532.8 528.7 473.9 412.8 507.9 12

13 Total shares outstanding (liabilities) 150.8 227.3 300.8 422.8 607.1 568.4 575.8 578.4 528.7 478.8 584.4 13
80 Z.1, September 17, 2009

L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2794.4 2882.9 2819.4 2872.9 3174.2 3220.1 3386.6 3407.8 3386.9 3369.6 3224.2 1

 2 Checkable deposits and currency 28.8 39.1 14.6 16.4 13.7 11.1 58.3 94.2 88.3 84.1 81.0 2

 3 Time and savings deposits 16.7 23.3 35.3 33.9 46.6 41.1 53.0 54.5 68.5 63.4 66.6 3

 4 Federal funds and security RPs (net) 75.3 93.6 107.7 117.4 142.7 131.8 141.9 138.0 114.5 159.4 102.2 4

 5 Credit market instruments 2564.2 2613.0 2543.9 2590.5 2829.5 2893.4 2987.8 3021.2 2997.5 2943.9 2832.5 5

 6 Open market paper 6.7 5.8 13.8 32.4 27.7 39.6 9.2 6.6 6.1 9.0 9.3 6

 7 Treasury securities 13.5 12.9 13.1 14.2 15.5 15.9 16.2 16.6 16.7 17.6 19.3 7

 8 Agency- and GSE-backed securities 1034.3 886.5 751.1 714.0 702.9 717.3 842.3 825.4 909.5 955.4 949.8 8

 9 Municipal securities 44.4 44.6 39.7 36.1 33.3 32.4 31.3 30.5 30.5 30.1 29.7 9

10 Corporate and foreign bonds 277.4 414.8 465.7 481.7 464.4 449.7 420.6 386.4 345.9 329.4 312.1 10

11 Other loans and advances 545.8 619.4 671.8 704.9 942.6 980.4 997.0 1087.0 986.7 882.5 806.7 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 75.5 84.0 90.3 83.4 84.9 85.1 85.3 13

14 FHLB 501.7 575.8 620.2 641.4 867.1 896.4 906.7 1003.6 901.8 797.4 721.4 14

15 Mortgages 621.5 629.0 588.8 607.2 643.1 658.2 671.2 668.6 702.1 719.9 705.7 15

16 Home 532.2 523.6 470.8 473.2 463.0 466.8 468.1 452.7 476.1 490.7 473.2 16

17 Multifamily residential 68.2 82.5 93.0 105.4 147.7 157.7 167.9 179.4 188.1 191.3 194.6 17

18 Farm 21.2 22.9 25.1 28.6 32.4 33.8 35.2 36.5 38.0 37.9 37.8 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 109.4 113.9 117.8 114.6 141.7 142.6 145.6 100.0 118.0 118.9 141.9 20

21 Total liabilities 2747.1 2818.0 2736.8 2782.0 3076.6 3122.4 3279.6 3357.0 3381.9 3351.2 3188.0 21

22 Credit market instruments 2601.3 2676.3 2592.2 2627.8 2910.2 2940.2 3104.0 3154.8 3184.5 3118.4 2950.1 22

23 GSE issues (3) 2601.3 2676.3 2592.2 2627.8 2910.2 2940.2 3104.0 3154.8 3184.5 3118.4 2950.1 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 145.8 141.7 144.5 154.2 166.4 182.2 175.6 202.1 197.4 232.7 238.0 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 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 1

 2 Home mortgages 3211.2 3256.3 3419.7 3710.6 4319.8 4454.3 4609.3 4738.7 4803.3 4882.8 5011.5 2

 3 Multifamily residential mortgages 114.5 117.4 121.3 123.5 139.2 142.7 145.9 148.5 152.9 154.4 157.2 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 4.5 4.5 4.3 4.7 4.7 4.6 4.6 5

 6 Total pool securities (liabilities)(2) 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 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, September 17, 2009 81

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 2209.9 2651.3 3382.1 4181.0 4517.1 4451.5 4342.5 4238.6 4092.4 3937.3 3817.2 1

 2 Treasury securities 2.8 8.0 27.7 56.4 77.5 76.8 73.9 70.0 65.1 61.4 56.6 2

 3 Agency- and GSE-backed securities (1) 369.0 363.4 330.5 349.0 369.0 371.2 367.3 366.1 346.4 316.2 307.0 3

 4 Other loans and advances 141.7 161.9 182.9 238.8 327.9 332.7 335.0 347.9 348.3 343.9 353.8 4

 5 Mortgages (2) 1009.3 1443.7 2131.3 2767.5 2947.6 2872.1 2776.9 2686.3 2587.1 2496.6 2394.7 5

 6 Home 666.4 1048.6 1621.9 2141.3 2172.2 2104.8 2018.4 1940.7 1852.8 1770.4 1680.5 6

 7 Multifamily residential 66.2 72.7 89.3 103.2 125.4 122.8 119.9 117.4 114.4 112.9 111.7 7

 8 Commercial 276.6 322.5 420.1 523.0 650.0 644.4 638.6 628.2 619.9 613.4 602.5 8

 9 Consumer credit 594.8 571.5 609.9 661.1 683.6 680.4 684.1 673.7 650.0 633.0 627.4 9

10 Trade credit 92.3 102.6 99.8 108.3 111.7 118.4 105.2 94.7 95.5 86.1 77.7 10

11 Total liabilities 2215.4 2656.1 3386.3 4184.6 4520.3 4454.5 4345.4 4241.4 4095.1 3939.9 3819.7 11

12 Commercial paper 530.0 526.1 674.4 837.4 643.1 588.4 558.9 510.5 559.3 484.7 422.4 12

13 Corporate bonds (net) (5) 1685.4 2129.9 2711.9 3347.3 3877.1 3866.1 3786.5 3730.9 3535.8 3455.2 3397.4 13

 Memo:

 Securitized assets not included above

14 Consumer leases (3) 5.5 4.8 4.2 3.6 3.1 3.0 2.9 2.8 2.7 2.6 2.5 14

15 REIT assets (4) 30.3 89.9 107.3 110.0 92.1 72.2 66.7 59.4 50.4 46.6 43.9 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 1891.3 1911.2 1941.0 1929.8 1909.8 1851.7 1816.2 1777.0 1

 2 Checkable deposits and currency 27.1 26.3 17.4 15.8 16.2 17.0 16.9 16.7 16.5 17.1 17.5 2

 3 Time and savings deposits 63.2 61.3 52.2 47.4 48.6 50.9 50.7 50.0 49.4 51.2 52.5 3

 4 Credit market instruments 1468.7 1675.9 1740.6 1811.6 1828.2 1846.9 1835.1 1816.9 1755.9 1703.4 1651.0 4

 5 Corporate and foreign bonds 263.8 256.0 203.5 184.8 189.4 198.4 197.8 195.1 192.4 199.7 204.7 5

 6 Other loans and advances 441.7 451.5 479.2 498.0 523.0 542.0 563.9 557.0 539.9 516.7 493.0 6

 7 Mortgages 370.2 476.0 541.4 594.4 531.9 525.8 491.6 468.6 447.9 440.2 426.8 7

 8 Consumer credit 393.0 492.3 516.5 534.4 584.1 580.7 581.8 596.3 575.8 546.8 526.5 8

 9 Miscellaneous assets 120.5 94.5 46.7 16.4 18.2 26.2 27.1 26.2 30.0 44.4 56.0 9

10 Total liabilities 1674.9 1864.3 1828.3 1876.8 1949.6 1982.9 1974.3 1950.6 1880.5 1827.6 1752.2 10

11 Credit market instruments 995.3 1129.6 1108.6 1144.2 1279.6 1301.4 1299.3 1264.7 1200.3 1148.0 1103.2 11

12 Open market paper 145.1 175.3 160.0 165.3 123.5 113.5 112.4 103.3 100.9 72.8 66.8 12

13 Corporate bonds 743.2 817.4 806.5 849.7 974.1 1004.5 989.3 980.5 924.5 906.8 857.5 13

14 Bank loans n.e.c. 106.9 136.9 142.1 129.2 182.0 183.4 197.6 180.9 174.9 167.2 177.5 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 1.5 15

16 Taxes payable 13.2 15.0 17.1 19.3 21.8 22.5 23.2 23.9 24.6 25.3 26.0 16

17 Miscellaneous liabilities 666.4 719.6 702.7 713.3 648.1 659.0 651.9 662.1 655.7 654.3 623.0 17

18 Foreign direct investment in U.S. 30.7 21.8 38.8 51.1 31.9 38.4 42.4 47.6 26.2 26.3 30.1 18

19 Investment by parent 202.8 257.7 312.2 338.5 321.4 328.7 319.9 324.8 313.0 303.2 285.1 19

20 Other 432.9 440.1 351.7 323.7 294.8 291.9 289.6 289.7 316.4 324.8 307.8 20

 Memo:

21 Consumer leases not included above (2) 79.0 74.1 85.3 106.0 122.9 124.9 121.9 118.5 111.1 101.8 94.0 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
82 Z.1, September 17, 2009

L.128 Real Estate Investment Trusts (REITs)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 134.9 251.3 305.3 344.0 316.7 300.7 301.0 293.3 253.9 251.9 260.3 1

 2 Checkable deposits and currency 9.2 12.2 13.6 18.4 16.6 19.4 18.0 22.2 18.4 17.5 22.1 2

 3 Credit market instruments 96.4 198.7 239.7 265.8 244.7 224.0 223.3 209.8 180.8 180.5 188.3 3

 4 Agency- and GSE-backed securities 28.9 44.7 40.6 65.4 88.9 92.3 99.3 93.2 90.5 95.3 102.5 4

 5 Corporate and foreign bonds 18.9 36.0 53.0 64.6 34.4 23.4 21.6 20.1 14.4 13.7 16.9 5

 6 Mortgages 48.7 118.1 146.1 135.8 121.3 108.3 102.4 96.6 75.9 71.5 68.9 6

 7 Home 37.1 102.9 127.4 103.7 79.2 65.9 60.3 55.1 36.7 33.7 32.8 7

 8 Multifamily residential 1.5 1.6 1.9 5.0 5.2 5.2 5.0 4.4 3.9 3.7 3.3 8

 9 Commercial 10.1 13.6 16.8 27.1 37.0 37.2 37.1 37.1 35.3 34.1 32.8 9

10 Miscellaneous assets 29.3 40.4 51.9 59.7 55.4 57.2 59.7 61.3 54.7 54.0 50.0 10

11 Total liabilities 314.6 460.8 533.7 571.3 578.7 559.0 552.8 545.1 515.2 497.3 491.7 11

12 Security RPs 41.6 70.3 83.5 97.9 91.7 89.9 91.6 89.6 80.5 83.2 85.5 12

13 Credit market instruments 230.7 340.1 395.5 411.0 421.2 403.8 397.5 389.9 372.6 364.0 352.5 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 107.1 183.8 216.7 230.6 231.3 207.7 206.8 194.8 176.2 168.3 161.2 15

16 Bank loans n.e.c. 17.8 24.9 33.3 28.4 33.2 34.2 29.5 32.4 32.9 30.9 24.0 16

17 Mortgages 105.9 131.4 145.5 152.1 156.7 161.8 161.2 162.7 163.5 164.9 167.3 17

18 Miscellaneous liabilities 42.3 50.4 54.7 62.4 65.8 65.3 63.7 65.6 62.1 50.1 53.7 18

 Memo:

19 Securitized assets included above 30.3 89.9 107.3 110.0 92.1 72.2 66.7 59.4 50.4 46.6 43.9 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 86.8 102.5 92.7 72.4 56.5 50.9 44.5 36.8 33.5 32.4 21

22 Multifamily residential mortgages 0.1 0.1 0.1 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 19.3 15.3 15.4 14.5 13.2 12.7 11.2 23
Z.1, September 17, 2009 83

L.129 Security Brokers and Dealers

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total financial assets 1613.0 1844.9 2127.1 2741.7 3092.0 3244.2 2957.9 3001.9 2217.2 1930.4 2000.6 1

 2 Checkable deposits and currency 47.2 62.9 56.5 80.5 105.0 122.4 115.6 161.9 120.1 104.3 92.3 2

 3 Credit market instruments 424.1 394.9 477.2 583.4 803.1 864.3 691.8 820.8 717.4 594.8 602.2 3

 4 Open market paper 49.4 48.0 60.2 64.3 87.1 107.5 102.9 153.9 65.7 49.9 61.3 4

 5 Treasury securities 37.8 -44.6 -64.6 -67.0 -60.0 -23.7 -93.3 -9.2 190.6 131.1 158.9 5

 6 Agency- and GSE-backed securities 83.7 107.3 101.0 138.0 290.2 298.1 311.2 350.0 242.6 222.0 177.2 6

 7 Municipal securities 24.9 32.0 42.9 50.9 50.1 66.1 51.8 61.9 38.7 38.9 38.5 7

 8 Corporate and foreign bonds 219.3 238.0 315.7 360.5 383.1 361.2 262.0 201.7 117.0 89.5 102.2 8

 9 Other loans and advances 9.0 14.2 22.0 36.7 52.5 55.1 57.2 62.3 62.7 63.3 64.0 9

10 Corporate equities 100.5 129.1 158.3 186.4 224.8 180.1 189.6 160.6 109.2 79.6 86.9 10

11 Security credit 182.5 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.6 147.6 11

12 Miscellaneous assets 858.8 994.0 1202.6 1599.4 1633.7 1712.1 1669.4 1456.2 1105.7 1017.1 1071.7 12

13 Total liabilities 1540.1 1777.8 2052.6 2669.1 3025.9 3187.1 2902.3 2962.1 2165.9 1872.7 1923.2 13

14 Security RPs (net) 490.4 526.9 733.6 1071.8 1147.3 1196.7 971.5 751.9 586.9 419.3 480.0 14

15 Credit market instruments 47.0 62.2 62.4 68.8 64.8 120.1 85.9 276.7 142.6 102.6 102.4 15

16 Corporate bonds 47.0 62.2 62.4 68.8 64.8 80.4 84.5 76.9 97.1 82.2 97.4 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 39.7 1.5 199.7 45.5 20.4 5.1 17

18 Trade payables 28.2 36.0 43.1 48.3 45.8 43.5 39.1 34.4 21.2 47.9 54.5 18

19 Security credit 676.3 774.2 806.0 957.8 1200.9 1281.7 1273.4 1282.9 963.6 883.6 843.4 19

20 Customer credit balances (HH) 475.4 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 649.2 20

21 From banks 200.9 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 21

22 Taxes payable 1.8 2.2 2.1 2.8 2.2 2.0 2.6 2.5 2.5 2.7 4.5 22

23 Miscellaneous liabilities 296.4 376.4 405.5 519.5 564.9 543.1 529.7 613.8 449.2 416.6 438.4 23

24 Foreign direct investment in U.S. 37.4 49.6 49.9 61.0 69.2 78.1 85.7 98.0 79.9 81.2 81.6 24

25 Due to affiliates 458.4 505.2 634.5 681.5 638.9 638.7 683.9 724.7 755.9 1374.9 1377.1 25

26 Other -199.4 -178.5 -278.9 -223.0 -143.1 -173.7 -240.0 -208.9 -386.6 -1039.4 -1020.3 26

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

L.130 Funding Corporations (1)

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

 1 Total financial assets 1063.4 1081.6 1244.0 1321.2 1637.7 1939.1 2072.2 2173.7 2742.1 2717.9 2479.2 1

 2 Money market fund shares 362.9 275.6 310.6 312.0 559.0 714.6 670.5 653.4 864.4 852.7 775.2 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 3

 4 Credit market instruments 157.8 203.7 251.5 286.9 244.1 394.5 567.5 711.7 993.8 962.1 849.4 4

 5 Open market paper 39.2 99.9 173.5 209.8 53.5 106.0 161.1 132.0 303.4 220.9 114.9 5

 6 Corporate and foreign bonds 111.3 96.8 67.5 60.4 170.0 267.2 384.5 556.7 667.3 717.9 711.1 6

 7 Other loans and advances 7.3 7.0 10.6 16.8 20.6 21.3 21.8 23.1 23.1 23.3 23.5 7

 8 Miscellaneous assets (2) 542.7 602.2 681.9 722.2 834.7 830.0 834.2 808.6 883.9 903.0 854.4 8

 9 Investment in foreign banking offices 134.7 167.7 188.8 197.3 241.0 240.4 237.3 192.6 276.6 269.3 224.5 9

10 Investment in brokers and dealers 408.0 434.5 493.1 524.9 593.7 589.6 596.9 616.0 607.3 633.6 629.9 10

11 Total liabilities 1063.4 1081.6 1244.0 1321.2 1637.7 1939.1 2072.2 2173.7 2742.1 2717.9 2479.2 11

12 Credit market instruments 518.1 515.1 619.9 648.2 786.4 777.6 780.5 799.3 1252.9 1165.6 966.2 12

13 Open market paper 212.5 197.4 274.5 281.2 368.0 366.3 336.1 277.6 388.0 358.6 306.0 13

14 Corporate bonds 305.5 317.7 345.3 367.0 418.5 411.3 415.6 431.6 419.9 443.2 436.4 14

15 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 28.8 90.1 444.9 363.7 223.8 15

16 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 16

17 Miscellaneous liabilities 545.3 566.4 624.2 673.0 851.3 1161.5 1291.7 1374.4 1489.3 1552.3 1512.9 17

18 Foreign direct investment in U.S. 7.6 7.8 8.4 9.0 10.2 10.5 10.7 10.7 11.7 12.4 13.8 18

19 Securities loaned (net) 678.0 764.8 939.7 1242.3 1240.2 1369.1 1359.7 1136.9 887.0 803.9 837.5 19

20 Other (net) -140.2 -206.2 -324.0 -578.4 -399.1 -218.1 -78.7 226.8 590.5 736.0 661.6 20

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, and Federal Reserve lending facilities.

(2) Due from affiliated companies.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to TALF LLC.
84 Z.1, September 17, 2009

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total U.S. reserves 85.9 86.8 65.1 65.9 70.6 75.8 75.7 71.8 77.6 75.0 81.7 1

 2 U.S. gold stock and SDRs 23.7 24.6 19.3 19.9 20.5 20.9 20.9 20.5 20.4 20.1 20.5 2

 3 Federal govt.: Exchange Stab. Fund 12.6 13.6 8.2 8.9 9.5 9.9 9.9 9.4 9.3 9.1 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 50.0 54.8 54.9 51.4 57.3 54.8 61.2 5

 6 Official foreign currency holdings 39.7 42.7 37.8 40.9 45.8 50.5 49.6 46.6 49.6 46.6 49.1 6

 7 Treasury 19.9 21.4 18.9 20.5 22.5 24.9 23.8 23.3 24.8 23.0 24.5 7

 8 Monetary authority 19.9 21.4 18.9 20.5 23.3 25.6 25.8 23.3 24.8 23.6 24.6 8

 9 Net IMF position 22.5 19.5 8.0 5.0 4.2 4.3 5.2 4.8 7.7 8.2 12.1 9

10 Federal government 22.7 19.6 8.1 5.2 4.4 4.4 5.4 4.8 7.8 8.3 12.2 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 27.4 27.2 27.0 26.7 26.6 26.6 26.5 3

 4 Asset: Monetary authority 35.5 36.4 36.5 38.2 38.7 38.7 38.7 38.7 38.7 42.3 42.4 4

 5 Discrepancy (seigniorage) -9.5 -9.7 -9.1 -10.1 -11.3 -11.5 -11.6 -11.9 -12.1 -15.7 -15.9 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 1085.0 1349.1 1240.3 1137.0 1063.4 996.2 927.8 842.7 1

 Held by:

 2 Household sector 52.1 57.5 59.9 65.2 81.0 74.5 68.3 63.9 59.8 55.7 50.6 2

 3 Nonfinancial corporate business 38.1 53.7 60.6 49.3 50.8 53.7 20.5 28.6 30.8 22.2 38.7 3

 4 Money market mutual funds 71.5 78.5 94.7 84.1 127.3 143.8 141.4 146.0 129.3 79.7 93.1 4

 5 Discrepancy--unallocated assets 705.3 767.2 782.5 886.3 1089.9 968.3 906.8 825.0 776.3 770.1 660.3 5
Z.1, September 17, 2009 85

L.203 Net Interbank Transactions

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 193.0 212.2 201.3 190.0 89.2 34.2 109.3 488.9 1512.0 1296.8 870.0 1

 2 Monetary authority 71.0 65.6 69.1 70.4 75.8 69.6 79.2 270.0 917.7 855.5 711.7 2

 3 Depository institution reserves 23.1 24.0 19.0 18.7 20.8 24.2 33.5 222.1 860.0 805.2 660.5 3

 4 Vault cash 48.0 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 4

 5 Commercial banking 122.0 146.6 132.2 119.6 13.4 -35.4 30.1 218.9 594.3 441.3 158.3 5

 6 To monetary authority -0.3 1.0 1.0 -0.3 48.6 110.7 173.6 299.1 558.2 542.4 350.8 6

 7 To banks in foreign countries, net 109.6 118.3 106.0 96.7 -56.9 -161.4 -152.5 -29.4 308.2 140.5 -23.3 7

 8 Liabilities, net 128.5 142.4 117.7 108.7 -38.4 -139.1 -133.2 -11.1 332.9 159.2 -8.4 8

 9 U.S.-chartered commercial banks 256.7 317.4 320.9 432.3 496.2 470.6 538.4 526.8 671.5 559.1 585.3 9

10 Due to foreign affiliates 433.6 467.4 487.7 586.4 650.7 653.7 631.4 694.2 781.9 721.9 722.7 10

11 - Due from foreign affiliates 176.9 150.0 166.8 154.2 154.5 183.1 93.0 167.4 110.4 162.8 137.4 11

12 Foreign banking offices in U.S. -95.2 -167.4 -176.0 -255.2 -424.0 -494.2 -541.8 -431.3 -180.6 -251.2 -439.0 12

13 Due to foreign affiliates 197.4 274.3 333.9 524.5 529.0 523.9 472.6 473.3 535.9 515.4 455.5 13

14 - Due from foreign affiliates 292.6 441.8 509.9 779.7 953.0 1018.1 1014.5 904.6 716.4 766.6 894.6 14

15 Bank holding companies -33.1 -7.5 -27.1 -68.4 -110.6 -115.5 -129.8 -106.7 -158.0 -148.7 -154.8 15

16 Due to foreign affiliates 13.2 33.0 42.2 19.7 51.6 55.2 60.9 44.0 44.6 38.4 48.8 16

17 - Due from foreign affiliates 46.3 40.5 69.4 88.1 162.2 170.7 190.6 150.7 202.5 187.1 203.6 17

18 Less: Deposits at foreign banks 18.9 24.1 11.7 12.0 18.6 22.3 19.2 18.3 24.7 18.7 14.9 18

19 U.S. chartered commercial banks 18.7 23.6 11.0 11.9 17.9 20.0 18.3 17.6 24.5 18.4 14.6 19

20 Foreign banking offices in U.S. 0.1 0.5 0.7 0.1 0.7 2.3 0.9 0.7 0.3 0.3 0.3 20

21 To U.S. banking, net 12.7 27.3 25.2 23.2 21.7 15.3 9.0 -50.8 -272.1 -241.7 -169.2 21

22 U.S.-chartered commercial banks -53.1 -20.3 -18.4 -55.0 -23.8 -51.0 -59.7 -112.8 -336.4 -370.2 -301.5 22

23 Liabilities 86.0 119.3 109.6 122.4 135.6 138.9 111.1 62.5 -205.7 -172.0 -97.2 23

24 To foreign offices in U.S. 71.7 90.1 83.0 97.8 113.3 123.2 101.8 113.0 65.8 54.6 58.0 24

25 To bank holding companies 1.6 1.8 1.4 1.3 0.7 0.3 0.3 0.3 0.5 15.1 14.0 25

26 Unallocated 12.7 27.3 25.2 23.2 21.7 15.3 9.0 -50.8 -272.1 -241.7 -169.2 26

 Less, due from:

27 Foreign offices in U.S. 98.1 122.3 117.9 140.0 133.7 171.5 139.0 114.8 82.1 72.0 92.9 27

28 Bank holding companies 41.0 17.4 10.0 37.4 25.7 18.4 31.7 60.5 48.6 126.2 111.3 28

29 Foreign banking offices in U.S. 26.4 32.1 34.9 42.2 20.4 48.3 37.2 1.8 16.2 17.4 35.0 29

30 Due to U.S. banks 98.1 122.3 117.9 140.0 133.7 171.5 139.0 114.8 82.1 72.0 92.9 30

31 - Due from U.S. banks 71.7 90.1 83.0 97.8 113.3 123.2 101.8 113.0 65.8 54.6 58.0 31

32 Bank holding companies 39.4 15.5 8.6 36.0 25.0 18.0 31.4 60.2 48.1 111.1 97.3 32

33 Due to U.S. banks 41.0 17.4 10.0 37.4 25.7 18.4 31.7 60.5 48.6 126.2 111.3 33

34 - Due from U.S. banks 1.6 1.8 1.4 1.3 0.7 0.3 0.3 0.3 0.5 15.1 14.0 34

35 Total assets 180.3 184.9 176.1 166.8 67.5 18.9 100.3 539.7 1784.1 1538.5 1039.2 35

36 Rest of the world 109.6 118.3 106.0 96.7 -56.9 -161.4 -152.5 -29.4 308.2 140.5 -23.3 36

37 Domestic 70.8 66.5 70.1 70.1 124.4 180.3 252.8 569.1 1475.9 1397.9 1062.5 37

38 Monetary authority -0.3 1.0 1.0 -0.3 48.6 110.7 173.6 299.1 558.2 542.4 350.8 38

39 Federal Reserve float -0.3 0.9 0.9 -0.3 -0.0 -0.6 -0.6 -1.0 -1.5 -3.1 -2.8 39

40 Loans to member banks 0.1 0.0 0.1 0.1 48.6 111.3 174.2 300.1 559.7 545.5 353.6 40

41 Commercial banking 67.6 62.3 66.4 68.4 73.2 67.2 76.6 266.6 895.2 808.3 649.8 41

42 Reserves at Federal Reserve 19.7 20.8 16.3 16.7 18.2 21.7 30.9 218.6 837.5 758.0 598.7 42

43 Vault cash 48.0 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 43

44 Savings insts.: Reserves at Fed. Res. 3.4 3.3 2.7 2.0 2.6 1.9 2.0 2.5 18.7 29.8 39.7 44

45 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.6 0.6 0.9 3.8 17.4 22.2 45

46 Discrepancy--floats, etc. 12.7 27.3 25.2 23.2 21.7 15.3 9.0 -50.8 -272.1 -241.7 -169.2 46
86 Z.1, September 17, 2009

L.204 Checkable Deposits and Currency

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1437.4 1522.8 1527.2 1507.3 1531.3 1520.1 1532.2 1940.1 2100.1 1965.6 2077.7 1

 2 Monetary authority 683.0 720.8 750.8 774.3 792.1 775.9 786.3 1149.3 1220.3 1142.8 1196.6 2

 3 Federal government cash and deposits 6.0 6.2 4.8 5.0 16.4 5.9 5.3 332.7 365.7 267.4 316.2 3

 4 Due to government-sponsored enterprises 0.6 1.1 2.0 0.8 1.7 0.1 0.1 26.2 21.1 20.9 20.0 4

 5 Deposits due to foreign 0.2 0.1 0.1 0.1 0.1 0.1 0.2 0.1 1.4 1.2 1.8 5

 6 Currency outside banks 676.2 713.3 743.9 768.5 773.9 769.8 780.7 790.3 832.2 853.4 858.6 6

 7 Commercial banking 607.2 646.7 610.3 574.4 586.0 588.7 585.0 637.2 727.9 665.5 728.3 7

 8 Federal government deposits 30.2 26.9 33.9 28.0 42.9 42.9 50.2 41.5 3.5 4.3 4.0 8

 9 Deposits due to foreign 4.1 13.2 19.7 28.8 34.1 37.2 33.5 42.7 58.9 41.1 40.5 9

10 Private domestic deposits 573.0 606.6 556.8 517.6 509.0 508.6 501.3 553.1 665.5 620.1 683.8 10

11 Savings institutions 80.7 81.2 85.0 85.9 79.4 76.7 83.9 79.0 76.6 76.4 75.9 11

12 Credit unions 66.5 74.1 81.1 72.6 73.7 78.8 77.0 74.5 75.3 80.8 77.0 12

13 Total assets 1437.4 1522.8 1527.2 1507.3 1531.3 1520.1 1532.2 1940.1 2100.1 1965.6 2077.7 13

14 Household sector 399.1 370.3 256.8 236.4 156.9 87.8 98.5 64.7 236.7 241.7 300.1 14

15 Nonfinancial business 385.0 459.9 598.5 540.4 594.2 624.4 581.3 600.9 600.1 595.6 631.5 15

16 Corporate 190.9 178.4 252.4 133.8 132.1 153.0 105.6 121.4 119.4 121.7 165.0 16

17 Nonfarm noncorporate 172.9 259.2 323.1 381.6 435.3 444.4 448.4 452.0 452.9 446.1 438.6 17

18 Farm 21.2 22.3 22.9 25.0 26.8 27.0 27.3 27.5 27.7 27.8 27.9 18

19 State and local governments 48.4 42.2 52.5 57.7 56.1 51.1 51.2 51.1 65.4 60.6 85.6 19

20 Federal government 54.1 21.9 36.8 32.9 56.5 42.9 53.8 372.2 368.0 271.9 318.9 20

21 Rest of the world 262.9 285.3 300.1 311.6 306.1 316.0 312.6 327.6 361.4 355.2 353.2 21

22 Checkable deposits 4.2 13.3 19.7 28.9 34.2 37.3 33.7 42.8 60.3 42.2 42.2 22

23 Currency 258.7 272.0 280.4 282.6 272.0 278.7 278.9 284.8 301.1 313.0 311.0 23

24 Financial sectors 284.9 312.0 261.5 316.8 348.3 380.8 423.2 513.6 454.7 429.9 376.2 24

25 Commercial banking 2.5 3.5 3.0 2.9 2.3 2.3 2.3 2.4 3.0 4.1 3.1 25

26 Savings institutions 24.8 21.3 23.7 20.4 20.0 24.6 22.8 22.6 23.0 21.4 12.6 26

27 Credit unions 41.5 40.2 38.1 44.4 43.3 60.5 47.9 36.8 38.5 43.9 32.3 27

28 Property-casualty insurance companies 34.6 25.9 21.0 29.9 42.7 41.8 40.6 43.4 27.9 26.0 30.5 28

29 Life insurance companies 47.3 53.3 47.7 56.1 58.3 63.1 71.8 73.9 82.8 70.3 62.9 29

30 Private pension funds 10.4 10.5 10.8 11.2 11.8 11.8 11.8 14.3 12.3 12.2 11.9 30

31 State and local govt. retirement funds 13.7 16.3 15.8 14.1 16.6 16.7 16.6 16.5 16.5 16.3 16.2 31

32 Money market mutual funds -2.1 0.6 -0.9 6.7 1.9 -9.9 0.5 8.8 7.5 12.7 -6.3 32

33 Government-sponsored enterprises 28.8 39.1 14.6 16.4 13.7 11.1 58.3 94.2 88.3 84.1 81.0 33

34 Finance companies 27.1 26.3 17.4 15.8 16.2 17.0 16.9 16.7 16.5 17.1 17.5 34

35 REITs 9.2 12.2 13.6 18.4 16.6 19.4 18.0 22.2 18.4 17.5 22.1 35

36 Brokers and dealers 47.2 62.9 56.5 80.5 105.0 122.4 115.6 161.9 120.1 104.3 92.3 36

37 Mail float 2.9 31.2 21.0 11.4 13.1 17.1 11.6 10.1 13.8 10.8 12.2 37
Z.1, September 17, 2009 87

L.205 Time and Savings Deposits 

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 5230.1 5789.9 6388.8 6997.0 7609.3 7847.4 7837.5 7924.9 7943.2 8075.3 8095.9 1

 2 Small time and savings deposits 4003.3 4284.9 4599.3 4946.3 5226.4 5385.5 5418.2 5536.5 5751.1 5920.3 5944.4 2

 3 Commercial banking 2979.2 3259.8 3528.1 3815.7 4079.5 4195.7 4190.7 4407.5 4620.7 4755.1 4779.4 3

 4 U.S.-chartered commercial banks 2951.6 3231.3 3494.2 3771.9 4027.0 4137.5 4133.8 4356.7 4567.2 4702.5 4729.5 4

 5 Foreign banking offices in U.S. 10.2 9.5 10.0 18.6 25.5 31.6 29.4 22.1 25.6 26.2 24.1 5

 6 Banks in U.S.-affiliated areas 17.5 19.0 23.9 25.2 27.0 26.7 27.5 28.7 27.9 26.4 25.8 6

 7 Savings institutions 599.1 584.7 618.7 647.6 638.2 658.0 686.4 589.7 578.6 583.0 568.2 7

 8 Credit unions 424.9 440.4 452.5 483.0 508.7 531.8 541.2 539.3 551.7 582.2 596.8 8

 9 Large time deposits (1) 1226.8 1505.1 1789.5 2050.8 2382.9 2461.9 2419.4 2388.3 2192.2 2155.0 2151.5 9

10 Commercial banking 928.1 1120.6 1363.7 1627.7 1926.0 1990.8 1974.1 2043.5 1828.3 1764.2 1770.5 10

11 U.S.-chartered commercial banks 555.7 671.3 838.1 968.0 991.1 1009.9 963.1 1077.6 1015.6 976.3 915.6 11

12 Foreign banking offices in U.S. 354.9 430.3 501.7 634.5 907.9 954.2 983.6 937.2 784.7 761.5 829.2 12

13 Banks in U.S.-affiliated areas 17.5 19.0 23.9 25.2 27.0 26.7 27.5 28.7 27.9 26.4 25.8 13

14 Savings institutions 245.1 324.5 363.3 358.0 387.1 396.6 369.6 274.9 293.5 312.6 300.2 14

15 Credit unions 53.6 60.0 62.5 65.0 69.9 74.5 75.6 69.9 70.4 78.3 80.8 15

16 Total assets 5230.1 5789.9 6388.8 6997.0 7609.3 7847.4 7837.5 7924.9 7943.2 8075.3 8095.9 16

17 Household sector 3939.0 4410.6 4887.6 5363.0 5796.7 5958.9 5859.8 5991.7 5949.2 5988.8 5913.8 17

18 Nonfinancial business 676.6 718.4 801.9 880.0 895.1 864.3 921.8 913.0 890.2 882.7 903.5 18

19 Corporate 362.8 400.5 450.4 497.0 443.2 399.2 447.7 429.2 405.6 405.0 433.2 19

20 Nonfarm noncorporate 313.8 318.0 351.6 383.0 451.9 465.1 474.1 483.7 484.6 477.7 470.3 20

21 State and local governments 159.0 170.6 183.3 209.5 245.7 246.8 242.6 246.3 264.8 277.9 267.1 21

22 Federal government 2.4 2.4 1.4 1.7 2.8 3.8 1.8 2.9 1.6 1.7 1.6 22

23 Rest of the world 115.0 149.2 155.9 167.4 207.6 229.1 232.1 226.8 252.8 228.6 225.6 23

24 Financial sectors 338.0 338.8 358.7 375.5 461.4 544.5 579.5 544.3 584.7 695.6 784.3 24

25 Savings institutions 2.6 3.2 2.7 6.6 9.9 10.2 11.7 12.0 14.3 18.3 18.2 25

26 Credit unions 27.1 26.4 21.9 17.0 17.0 22.7 25.8 25.3 28.3 34.0 35.6 26

27 Private pension funds 60.7 55.9 62.2 63.1 67.7 68.8 68.8 69.7 67.9 69.6 69.3 27

28 State and local govt. retirement funds 0.8 1.4 1.3 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 28

29 Money market mutual funds 166.8 167.2 183.0 206.7 270.6 349.7 368.5 331.7 355.2 458.1 541.1 29

30 Government-sponsored enterprises 16.7 23.3 35.3 33.9 46.6 41.1 53.0 54.5 68.5 63.4 66.6 30

31 Finance companies 63.2 61.3 52.2 47.4 48.6 50.9 50.7 50.0 49.4 51.2 52.5 31

(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 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 1

 2 Household sector 960.2 904.1 949.2 1114.5 1346.8 1457.9 1393.7 1446.1 1581.7 1562.7 1495.7 2

 3 Nonfinancial corporate business 299.0 324.3 366.5 433.4 564.1 619.4 651.6 647.3 685.7 697.5 687.5 3

 4 Nonfarm noncorporate business 63.6 69.2 73.9 80.5 97.5 99.8 101.2 102.6 102.8 101.3 99.8 4

 5 State and local governments 62.7 66.6 71.7 78.5 83.5 83.2 82.9 83.2 85.6 82.4 84.6 5

 6 Rest of the world 18.8 22.9 23.0 27.0 46.0 53.1 60.3 61.5 62.7 63.9 65.1 6

 7 Life insurance companies 151.4 120.7 113.6 162.3 226.6 244.0 247.0 249.8 259.8 263.5 260.7 7

 8 Private pension funds 84.3 84.9 86.7 90.1 93.5 94.1 94.8 95.3 95.7 96.1 96.2 8

 9 State and local govt. retirement funds 13.4 11.6 11.7 13.8 16.2 16.3 16.2 16.1 18.8 18.6 19.3 9

10 Funding corporations 362.9 275.6 310.6 312.0 559.0 714.6 670.5 653.4 864.4 852.7 775.2 10
88 Z.1, September 17, 2009

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1331.8 1417.6 1725.2 2128.2 2138.0 2140.6 1866.7 1634.3 1255.1 1055.4 1244.9 1

 2 Monetary authority 25.7 30.8 30.5 29.6 44.0 44.1 43.8 77.9 88.4 70.6 72.7 2

 3 Commercial banking (net) 713.2 726.4 816.6 887.1 837.4 807.0 756.7 714.2 481.7 463.0 595.9 3

 4 U.S.-chartered commercial banks 553.4 568.0 625.0 646.4 610.3 591.6 559.4 534.4 351.3 356.5 457.1 4

 5 Foreign banking offices in U.S. 157.7 157.5 190.9 239.9 226.3 214.7 196.9 179.9 130.0 134.3 172.4 5

 6 Bank holding companies 2.1 0.8 0.6 0.8 0.8 0.6 0.4 -0.1 0.4 -27.8 -33.6 6

 7 Savings institutions 60.9 63.3 61.0 41.8 17.6 3.0 3.0 0.7 17.6 19.4 10.9 7

 8 REITs 41.6 70.3 83.5 97.9 91.7 89.9 91.6 89.6 80.5 83.2 85.5 8

 9 Brokers and dealers (net) 490.4 526.9 733.6 1071.8 1147.3 1196.7 971.5 751.9 586.9 419.3 480.0 9

10 Total assets 1166.2 1393.0 1610.8 2020.6 2364.8 2374.8 2227.5 2129.3 1765.6 1715.5 1595.1 10

11 Nonfinancial corporate business 6.0 6.4 14.6 15.5 8.1 7.2 8.3 5.0 7.5 6.8 8.0 11

12 State and local governments 123.5 131.2 141.2 154.6 164.3 163.8 158.5 136.5 148.9 138.9 161.8 12

13 Rest of the world 460.2 665.1 713.3 1029.0 1109.1 1107.7 991.0 897.0 584.2 582.5 583.3 13

14 Financial sectors 576.6 590.3 741.8 821.5 1083.3 1096.1 1069.7 1090.9 1025.0 987.4 841.9 14

15 Monetary authority 43.8 33.0 46.8 40.8 46.5 76.0 114.5 83.0 80.0 0.0 0.0 15

16 Savings institutions 12.3 9.1 9.0 18.3 45.6 39.1 32.0 28.6 34.7 29.5 10.3 16

17 Credit unions (net) 1.6 4.1 6.7 5.1 2.5 3.2 1.2 -3.4 -2.3 -0.5 0.1 17

18 Property-casualty insurance companies 52.8 63.1 68.9 66.0 53.8 63.4 61.9 57.0 67.1 67.3 55.9 18

19 Private pension funds 20.3 20.6 21.6 22.4 25.8 26.4 22.2 23.8 33.1 36.1 37.8 19

20 State and local govt. retirement funds 23.4 20.2 19.7 24.0 28.3 28.5 28.3 28.1 30.7 30.5 31.1 20

21 Money market mutual funds 252.6 234.0 346.0 394.6 605.9 591.6 518.1 591.8 542.4 561.5 481.6 21

22 Mutual funds 94.5 112.6 115.4 132.8 132.2 136.0 149.6 144.1 124.7 103.6 122.8 22

23 Government-sponsored enterprises (net) 75.3 93.6 107.7 117.4 142.7 131.8 141.9 138.0 114.5 159.4 102.2 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 24

25 Discrepancy--unallocated assets 165.6 24.6 114.3 107.6 -226.8 -234.2 -360.8 -495.1 -510.5 -660.1 -350.1 25

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 1788.6 1784.6 1748.4 1554.8 1599.3 1423.9 1278.8 1

 2 Commercial paper 1288.6 1395.0 1640.1 1957.5 1788.1 1784.2 1748.0 1554.8 1599.3 1423.9 1278.8 2

 3 Nonfinancial corporate business 82.5 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 3

 4 Foreign issues in U.S. 276.1 345.3 384.0 482.3 413.0 460.3 470.6 401.1 342.0 344.8 345.7 4

 5 Nonfinancial 15.5 13.3 29.0 27.0 29.0 20.7 28.5 31.3 49.7 42.8 44.3 5

 6 Financial 260.6 332.0 355.0 455.3 384.0 439.7 442.1 369.8 292.3 302.0 301.4 6

 7 Financial business 930.0 951.9 1166.1 1362.7 1251.3 1183.9 1137.6 1007.2 1125.8 972.2 846.9 7

 8 Commercial banking 42.3 53.1 57.1 78.8 116.7 115.7 130.3 115.8 77.7 56.1 51.9 8

 9 ABS issuers 530.0 526.1 674.4 837.4 643.1 588.4 558.9 510.5 559.3 484.7 422.4 9

10 Finance companies 145.1 175.3 160.0 165.3 123.5 113.5 112.4 103.3 100.9 72.8 66.8 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 212.5 197.4 274.5 281.2 368.0 366.3 336.1 277.6 388.0 358.6 306.0 12

13 Bankers acceptances (1) 4.4 4.1 4.1 0.5 0.5 0.4 0.3 0.0 0.0 0.0 0.0 13

14 Holdings, by sector 1292.9 1399.1 1644.2 1958.0 1788.6 1784.6 1748.4 1554.8 1599.3 1423.9 1278.8 14

15 Household sector 105.9 136.1 164.2 187.7 149.7 117.5 82.7 39.1 10.4 7.3 8.9 15

16 Nonfinancial corporate business 75.7 95.0 111.0 122.7 69.7 23.9 22.5 9.7 10.4 10.9 17.4 16

17 State and local governments 161.6 171.7 184.8 202.4 195.2 178.4 174.0 154.7 123.8 117.6 113.4 17

18 Rest of the world 192.8 229.8 239.6 287.6 278.1 280.8 276.8 253.3 232.9 217.3 199.2 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 0.0 100.0 15.7 4.5 9.8 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 0.4 2.7 0.7 0.0 0.0 0.0 0.0 22

23 Life insurance companies 55.9 48.2 40.2 53.1 61.4 69.0 65.8 56.2 89.7 104.9 104.8 23

24 Private pension funds 27.5 28.5 31.5 31.7 26.9 28.6 29.0 20.9 37.2 37.6 38.1 24

25 State and local govt. retirement funds 41.6 35.2 35.2 42.6 50.3 50.6 50.3 44.6 33.9 33.6 29.1 25

26 Money market mutual funds 459.9 405.8 492.2 608.3 674.6 662.3 642.2 494.8 618.5 578.7 522.1 26

27 Mutual funds 76.2 94.2 97.1 114.5 114.1 117.7 131.2 89.0 51.6 31.8 50.4 27

28 Government-sponsored enterprises 6.7 5.8 13.8 32.4 27.7 39.6 9.2 6.6 6.1 9.0 9.3 28

29 Brokers and dealers 49.4 48.0 60.2 64.3 87.1 107.5 102.9 153.9 65.7 49.9 61.3 29

30 Funding corporations 39.2 99.9 173.5 209.8 53.5 106.0 161.1 132.0 303.4 220.9 114.9 30

(1) Excludes banks’ holdings of own acceptances.
Z.1, September 17, 2009 89

L.209 Treasury Securities

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 4008.2 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 1

 2 Savings bonds 203.8 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 2

 3 Other Treasury issues 3804.4 4166.3 4472.9 4659.4 4902.8 5103.8 5055.7 5583.4 6144.2 6610.5 6949.6 3

 4 Total assets 4008.2 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 4

 5 Household sector 438.6 532.2 507.5 433.1 252.3 322.1 368.1 386.8 240.0 576.4 605.9 5

 6 Savings bonds 203.8 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 6

 7 Other Treasury issues 234.8 327.8 302.4 230.7 55.9 126.8 173.2 192.6 46.0 382.5 412.4 7

 8 Nonfinancial corporate business 32.8 33.1 50.7 44.3 37.3 25.1 26.6 23.6 26.4 35.8 39.2 8

 9 Nonfarm noncorporate business 44.9 50.2 56.2 56.3 65.7 67.4 68.3 69.3 69.4 68.4 67.3 9

10 State and local governments 364.2 389.1 481.4 516.9 531.5 523.6 522.2 535.7 522.7 526.3 528.3 10

11 Rest of the world 1513.5 1813.6 1984.4 2126.2 2376.4 2498.5 2593.7 2790.2 3210.6 3382.7 3483.4 11

12 Monetary authority 666.7 717.8 744.2 778.9 740.6 591.2 478.8 476.6 475.9 492.3 656.5 12

13 Commercial banking 132.3 107.8 97.1 95.2 112.5 111.9 99.7 117.6 95.8 119.0 125.4 13

14 U.S.-chartered commercial banks 93.5 74.2 64.2 61.9 73.0 64.1 49.5 71.5 53.4 71.0 82.7 14

15 Foreign banking offices in U.S. 33.7 27.8 27.9 27.1 30.6 40.1 37.2 31.3 38.1 46.6 34.9 15

16 Bank holding companies 2.7 2.0 1.1 2.5 7.1 6.3 11.8 13.7 3.1 0.6 7.0 16

17 Banks in U.S.-affiliated areas 2.5 3.8 3.9 3.7 1.8 1.4 1.2 1.2 1.2 0.8 0.8 17

18 Savings institutions 12.2 8.4 12.3 12.4 7.0 6.0 4.9 2.9 2.9 3.6 4.6 18

19 Credit unions 8.8 8.9 7.7 7.4 10.4 9.6 10.2 9.9 8.8 8.3 15.4 19

20 Property-casualty insurance companies 64.7 71.3 69.2 75.8 55.1 55.1 55.1 54.8 54.8 54.8 56.0 20

21 Life insurance companies 71.8 78.5 91.2 83.2 68.3 74.4 80.4 85.8 90.7 99.9 106.2 21

22 Private pension funds 116.9 113.0 116.5 130.8 169.5 173.9 177.9 186.6 184.9 189.3 195.6 22

23 State and local govt. retirement funds 148.6 151.0 153.8 157.1 168.8 169.4 169.1 171.6 174.6 173.2 177.7 23

24 Federal government retirement funds 55.3 60.7 68.4 76.7 88.0 96.6 98.9 105.9 112.3 116.7 116.9 24

25 Money market mutual funds 132.1 98.2 88.6 82.7 178.1 296.3 283.7 460.0 577.7 519.7 489.1 25

26 Mutual funds 144.2 149.0 155.7 160.7 179.2 182.7 188.3 191.3 187.9 193.0 201.7 26

27 Closed-end funds 4.6 6.8 7.1 7.4 5.6 5.4 5.2 4.7 3.2 3.3 3.7 27

28 Exchange-traded funds 2.1 4.9 9.7 13.1 19.7 21.0 22.6 26.6 27.0 31.6 35.6 28

29 Government-sponsored enterprises 13.5 12.9 13.1 14.2 15.5 15.9 16.2 16.6 16.7 17.6 19.3 29

30 ABS issuers 2.8 8.0 27.7 56.4 77.5 76.8 73.9 70.0 65.1 61.4 56.6 30

31 Brokers and dealers 37.8 -44.6 -64.6 -67.0 -60.0 -23.7 -93.3 -9.2 190.6 131.1 158.9 31

 Memo:

32 Federal government debt (1) 4033.1 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 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).
90 Z.1, September 17, 2009

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 5952.9 6075.2 6158.0 6488.6 7396.9 7565.0 7887.0 8069.9 8168.6 8182.8 8145.6 1

 2 Budget agencies 24.9 24.3 23.8 23.5 23.1 23.5 23.5 23.1 23.3 22.5 22.3 2

 3 Government-sponsored enterprises 2601.3 2676.3 2592.2 2627.8 2910.2 2940.2 3104.0 3154.8 3184.5 3118.4 2950.1 3

 4 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 4

 5 Total assets 5952.9 6075.2 6158.0 6488.6 7396.9 7565.0 7887.0 8069.9 8168.6 8182.8 8145.6 5

 6 Household sector 421.2 390.0 488.3 412.6 689.8 657.0 675.5 820.1 711.3 439.6 129.5 6

 7 Nonfinancial corporate business 12.1 12.2 18.8 16.4 13.8 9.3 9.8 8.7 9.7 6.4 10.8 7

 8 State and local governments 351.2 373.2 401.6 439.9 454.6 453.0 450.0 461.5 444.1 437.0 422.0 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.3 54.4 106.7 150.4 9

10 Rest of the world 655.3 875.2 1012.9 1262.3 1582.4 1606.1 1631.1 1535.7 1427.5 1368.4 1359.8 10

11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14.5 19.7 287.0 559.1 11

12 Commercial banking 1000.0 1095.0 1089.6 1135.3 1022.4 1010.6 1088.8 1080.0 1169.1 1175.9 1222.1 12

13 U.S.-chartered commercial banks 906.4 996.1 992.7 1040.3 928.9 923.2 985.7 991.3 1068.7 1085.4 1136.8 13

14 Foreign banking offices in U.S. 53.0 51.8 50.9 54.8 56.9 49.0 47.0 44.6 49.9 45.6 38.7 14

15 Bank holding companies 11.6 13.5 11.2 11.2 9.9 13.0 28.3 16.6 25.8 21.6 22.4 15

16 Banks in U.S.-affiliated areas 28.9 33.6 34.8 29.0 26.6 25.4 27.8 27.4 24.7 23.3 24.3 16

17 Savings institutions 198.8 136.4 192.3 169.3 168.6 165.6 170.0 163.5 167.9 175.9 179.4 17

18 Credit unions 94.3 93.1 86.4 72.5 68.4 73.5 80.8 82.4 82.9 91.9 100.0 18

19 Property-casualty insurance companies 115.4 112.1 117.9 122.0 125.8 123.0 120.5 117.0 114.3 111.8 111.7 19

20 Life insurance companies 348.9 357.1 368.5 377.4 382.9 381.4 379.1 373.6 366.2 360.5 355.7 20

21 Private pension funds 223.5 235.3 252.0 268.6 296.8 300.4 302.0 310.3 318.1 325.6 320.9 21

22 State and local govt. retirement funds 235.1 258.8 258.4 310.8 334.1 335.1 334.6 337.1 340.5 337.8 334.4 22

23 Federal government retirement funds 5.1 4.6 4.6 4.7 5.0 6.0 5.8 5.8 5.1 5.0 5.0 23

24 Money market mutual funds 328.6 267.5 160.1 131.4 235.9 388.9 424.9 518.4 756.2 776.3 733.2 24

25 Mutual funds 447.5 462.7 483.4 499.1 565.4 576.3 594.0 603.4 592.7 588.1 615.1 25

26 Government-sponsored enterprises 1034.3 886.5 751.1 714.0 702.9 717.3 842.3 825.4 909.5 955.4 949.8 26

27 ABS issuers 369.0 363.4 330.5 349.0 369.0 371.2 367.3 366.1 346.4 316.2 307.0 27

28 REITs 28.9 44.7 40.6 65.4 88.9 92.3 99.3 93.2 90.5 95.3 102.5 28

29 Brokers and dealers 83.7 107.3 101.0 138.0 290.2 298.1 311.2 350.0 242.6 222.0 177.2 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, September 17, 2009 91

L.211 Municipal Securities and Loans

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1900.5 2031.0 2225.9 2403.3 2618.9 2644.1 2665.7 2672.0 2683.0 2716.9 2778.5 1

 2 State and local governments 1557.9 1673.0 1844.1 1994.7 2179.9 2202.1 2213.0 2215.6 2220.8 2251.0 2302.4 2

 3 Short-term (1) 106.1 100.2 105.9 102.8 120.1 120.9 114.5 121.9 132.1 132.6 124.2 3

 4 Long-term 1451.8 1572.8 1738.2 1891.9 2059.8 2081.3 2098.5 2093.7 2088.7 2118.4 2178.2 4

 5 Nonprofit organizations (2) 178.3 188.6 205.1 226.9 249.5 252.3 261.6 265.2 269.6 273.0 281.9 5

 6 Nonfinancial corporate business 164.2 169.4 176.7 181.7 189.5 189.6 191.1 191.3 192.6 192.9 194.2 6

 (industrial revenue bonds)

 7 Total assets 1900.5 2031.0 2225.9 2403.3 2618.9 2644.1 2665.7 2672.0 2683.0 2716.9 2778.5 7

 8 Household sector 703.8 742.4 821.0 871.8 895.9 883.3 894.5 910.1 938.0 954.5 996.8 8

 9 Nonfinancial corporate business 35.4 31.8 32.1 28.1 29.8 8.2 5.6 6.3 5.3 14.5 14.2 9

10 Nonfarm noncorporate business 2.7 4.3 4.4 5.8 6.7 6.9 7.0 7.1 7.1 7.0 6.9 10

11 State and local governments 4.4 4.7 5.0 5.5 5.8 5.8 5.8 5.8 5.7 5.8 5.9 11

12 Rest of the world 19.5 26.0 29.0 34.4 45.1 48.2 51.4 38.0 41.0 40.0 45.6 12

13 Commercial banking 132.7 140.8 157.7 180.2 192.4 203.2 202.9 223.4 215.6 213.8 218.8 13

14 Savings institutions 6.6 7.4 9.0 11.1 11.0 10.5 11.1 8.5 8.4 8.6 9.3 14

15 Property-casualty insurance companies 224.2 267.8 313.2 335.2 371.3 374.4 378.1 378.9 381.9 384.6 395.3 15

16 Life insurance companies 26.1 30.1 32.5 36.6 41.4 43.2 44.8 46.1 47.1 49.0 49.9 16

17 State and local govt. retirement funds 4.4 1.8 1.7 3.6 1.9 1.2 1.2 1.2 1.1 1.1 1.1 17

18 Money market mutual funds 292.1 313.8 336.8 370.3 471.0 491.8 500.3 472.8 494.6 482.7 455.8 18

19 Mutual funds 290.2 294.3 311.7 344.4 372.2 380.1 393.4 399.1 389.6 406.8 430.3 19

20 Closed-end funds 89.3 89.1 89.4 89.4 91.0 88.9 86.5 82.2 78.2 79.4 80.5 20

21 Government-sponsored enterprises 44.4 44.6 39.7 36.1 33.3 32.4 31.3 30.5 30.5 30.1 29.7 21

22 Brokers and dealers 24.9 32.0 42.9 50.9 50.1 66.1 51.8 61.9 38.7 38.9 38.5 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 7040.7 7916.7 8689.2 9967.4 11411.0 11515.9 11593.1 11425.8 11130.4 11604.2 11658.3 1

 2 Nonfinancial corporate business 2900.1 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 2

 3 Rest of the world (1) 868.9 985.0 1011.6 1275.5 1587.1 1607.1 1625.4 1559.9 1392.9 1427.3 1482.5 3

 4 Financial sectors 3271.7 3956.2 4645.5 5444.1 6265.0 6304.7 6274.8 6149.9 5974.0 6268.7 6168.5 4

 5 Commercial banking 378.4 437.4 494.1 570.1 688.7 723.9 781.2 732.6 818.0 1211.0 1216.4 5

 6 Savings institutions 5.1 7.6 8.7 10.7 10.4 10.7 10.9 2.4 2.4 2.0 2.2 6

 7 ABS issuers (net) (3) 1685.4 2129.9 2711.9 3347.3 3877.1 3866.1 3786.5 3730.9 3535.8 3455.2 3397.4 7

 8 Finance companies 743.2 817.4 806.5 849.7 974.1 1004.5 989.3 980.5 924.5 906.8 857.5 8

 9 REITs 107.1 183.8 216.7 230.6 231.3 207.7 206.8 194.8 176.2 168.3 161.2 9

10 Brokers and dealers 47.0 62.2 62.4 68.8 64.8 80.4 84.5 76.9 97.1 82.2 97.4 10

11 Funding corporations 305.5 317.7 345.3 367.0 418.5 411.3 415.6 431.6 419.9 443.2 436.4 11

12 Total assets 7040.7 7916.7 8689.2 9967.4 11411.0 11515.9 11593.1 11425.8 11130.4 11604.2 11658.3 12

13 Household sector 964.2 1135.6 1294.1 1517.7 2001.7 1971.0 1979.9 1919.2 2010.9 2415.4 2443.6 13

14 State and local governments 111.3 118.2 127.2 139.4 148.1 147.6 146.4 146.9 144.5 145.4 146.9 14

15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 15

16 Rest of the world (2) 1330.0 1558.9 1762.9 2320.8 2719.1 2718.0 2786.1 2762.6 2474.5 2462.8 2435.3 16

17 Commercial banking 481.2 563.6 687.0 780.3 978.7 1003.3 975.3 958.9 984.7 961.5 941.3 17

18 Savings institutions 71.9 59.2 80.2 89.4 138.5 139.8 139.3 114.1 104.5 112.8 103.8 18

19 Credit unions 24.3 25.0 23.5 30.6 34.6 32.9 32.3 29.7 25.7 17.6 18.0 19

20 Property-casualty insurance companies 218.9 245.3 262.8 277.0 282.9 279.3 276.2 271.0 267.5 267.6 273.4 20

21 Life insurance companies 1610.5 1756.3 1824.8 1822.8 1862.8 1867.2 1868.0 1846.8 1818.9 1861.7 1889.7 21

22 Private pension funds 275.3 267.8 290.0 317.6 357.3 362.2 376.7 385.7 400.1 408.9 414.1 22

23 State and local govt. retirement funds 207.4 213.5 227.9 296.9 287.8 288.5 288.2 287.3 288.6 286.5 285.8 23

24 Federal government retirement funds 3.2 3.0 2.9 2.9 3.0 3.6 3.4 3.4 2.9 2.8 2.8 24

25 Money market mutual funds 258.7 261.0 263.2 368.3 376.8 398.2 381.7 286.0 228.0 217.8 217.9 25

26 Mutual funds 532.0 596.8 662.7 768.9 890.5 916.1 964.3 968.7 965.1 1010.1 1046.2 26

27 Closed-end funds 58.8 67.6 69.3 75.1 74.0 71.5 68.3 62.5 49.8 48.8 51.3 27

28 Exchange-traded funds 2.4 3.3 5.3 7.6 13.8 16.8 20.4 23.1 27.7 34.3 41.0 28

29 Government-sponsored enterprises 277.4 414.8 465.7 481.7 464.4 449.7 420.6 386.4 345.9 329.4 312.1 29

30 Finance companies 263.8 256.0 203.5 184.8 189.4 198.4 197.8 195.1 192.4 199.7 204.7 30

31 REITs 18.9 36.0 53.0 64.6 34.4 23.4 21.6 20.1 14.4 13.7 16.9 31

32 Brokers and dealers 219.3 238.0 315.7 360.5 383.1 361.2 262.0 201.7 117.0 89.5 102.2 32

33 Funding corporations 111.3 96.8 67.5 60.4 170.0 267.2 384.5 556.7 667.3 717.9 711.1 33

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
92 Z.1, September 17, 2009

L.213 Corporate Equities (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Issues at market value 16450.7 18947.1 20642.7 24333.7 25565.4 23290.1 22776.5 20142.1 15779.5 13926.2 16932.2 1

 2 Nonfinancial corporate business 10845.2 12086.2 12684.0 14590.0 15538.1 14232.4 14234.1 12636.9 9974.8 8934.1 10315.4 2

 3 Rest of the world (2) 1891.6 2560.4 3317.7 4329.0 5248.0 4796.5 4758.3 3702.7 2851.4 2551.8 3264.9 3

 4 Financial corporations 3713.9 4300.6 4641.0 5414.8 4779.3 4261.2 3784.1 3802.6 2953.2 2440.3 3351.9 4

 5 Holdings at market value 16450.7 18947.1 20642.7 24333.7 25565.4 23290.1 22776.5 20142.1 15779.5 13926.2 16932.2 5

 6 Household sector 6749.9 7491.0 7999.5 9488.0 9453.0 8759.6 8449.1 7442.0 5878.7 5150.3 6266.3 6

 7 State and local governments 84.7 90.0 96.8 106.0 112.7 112.3 109.5 97.4 83.1 78.8 96.8 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 188.4 211.1 511.4 8

 9 Rest of the world (3) 1524.4 1904.6 2039.1 2448.1 2812.2 2595.3 2551.7 2332.2 1772.9 1563.0 1850.0 9

10 Commercial banking 15.0 20.3 24.1 35.3 41.5 33.0 31.9 20.6 3.5 0.6 7.4 10

11 Savings institutions 30.4 28.2 26.2 24.9 25.3 25.7 25.8 25.6 22.7 21.6 24.1 11

12 Property-casualty insurance companies 178.4 196.6 199.5 227.0 236.2 215.7 212.5 209.5 193.3 164.6 191.5 12

13 Life insurance companies 919.3 1053.9 1161.8 1364.8 1464.6 1332.8 1325.2 1229.5 1001.7 892.7 986.0 13

14 Private pension funds 2096.6 2338.5 2541.7 2874.8 2863.3 2543.5 2459.7 2190.5 1664.7 1455.7 1658.3 14

15 State and local govt. retirement funds 1421.0 1600.9 1715.8 1926.3 1985.9 1776.8 1747.0 1582.1 1211.8 1083.8 1260.1 15

16 Federal government retirement funds 79.9 99.2 112.6 138.1 149.1 128.4 127.6 111.1 85.6 74.7 92.5 16

17 Mutual funds 3051.3 3693.6 4175.7 4989.6 5476.9 4923.6 4888.8 4110.3 3014.1 2668.3 3315.2 17

18 Closed-end funds 53.0 82.3 105.6 122.5 146.2 132.7 125.4 101.9 75.7 68.8 78.0 18

19 Exchange-traded funds 146.3 219.0 285.8 402.0 573.7 530.6 532.8 528.7 473.9 412.8 507.9 19

20 Brokers and dealers 100.5 129.1 158.3 186.4 224.8 180.1 189.6 160.6 109.2 79.6 86.9 20

 Memo:

21 Market value of domestic corporations (4) 14035.5 15711.2 16525.3 19006.7 19069.8 17375.8 16900.2 15392.4 12049.7 10626.3 12771.6 21

(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 10, 11, 12, 18, 19, and 20; 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 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5888.1 1

 2 Holdings at market value 4654.2 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5888.1 2

 3 Household sector 2904.3 3417.4 3839.3 4387.6 4832.0 4575.2 4662.8 4111.1 3444.7 3254.7 3740.5 3

 4 Nonfinancial corporate business 125.9 140.5 156.3 204.0 217.5 200.2 196.7 175.4 143.3 132.9 146.7 4

 5 State and local governments 25.9 27.5 29.6 32.5 34.5 34.4 36.7 31.8 27.5 31.5 37.4 5

 6 Rest of the world 146.1 195.8 242.0 316.8 373.5 352.0 357.3 318.8 262.0 246.2 283.8 6

 7 Commercial banking 17.1 18.1 17.4 24.5 29.6 26.4 25.5 20.0 19.6 33.5 36.0 7

 8 Credit unions 4.1 3.1 2.2 2.1 2.1 2.4 2.4 2.0 2.0 1.8 1.8 8

 9 Property-casualty insurance companies 4.3 5.2 5.7 6.9 6.8 6.3 6.3 5.6 4.4 4.2 4.6 9

10 Life insurance companies 91.7 114.4 109.0 148.8 188.4 175.0 174.9 154.6 121.0 113.7 123.8 10

11 Private pension funds 1126.9 1278.2 1399.0 1657.6 1848.3 1699.1 1688.9 1558.8 1229.5 1127.3 1325.2 11

12 State and local govt. retirement funds 207.9 235.9 248.4 287.5 296.4 265.2 260.7 236.1 181.1 162.0 188.4 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, September 17, 2009 93

L.215 Bank Loans Not Elsewhere Classified

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 Total loans by commercial

 1 banking, flow of funds basis 4461.2 4905.9 5473.7 6151.2 6813.1 6883.4 6895.2 7305.3 7190.4 7052.4 6972.0 1

 - Loans elsewhere classified:

 2 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 2

 3 Mortgages 2255.8 2595.6 2958.0 3403.1 3645.7 3686.0 3662.2 3854.9 3843.0 3854.9 3899.3 3

 4 Consumer credit 669.4 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 4

 5 Security credit 200.9 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 5

 6 = Banking sector total bank loans n.e.c. 1335.1 1410.1 1577.9 1704.8 2028.8 2103.9 2138.6 2222.0 2232.1 2125.7 2031.0 6

 7 U.S.-chartered commercial banks 1083.0 1150.5 1249.3 1312.2 1532.9 1590.2 1622.1 1687.0 1670.8 1580.7 1523.3 7

 8 Foreign banking offices in U.S. 225.7 234.0 294.7 361.8 466.8 484.9 486.9 506.3 531.9 506.3 470.9 8

 9 Bank holding companies 7.9 5.3 8.1 5.1 5.8 5.4 6.6 5.9 7.9 17.3 16.6 9

10 Banks in U.S.-affiliated areas 18.5 20.3 25.9 25.6 23.3 23.3 22.9 22.7 21.5 21.4 20.2 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 0.0 0.0 39.7 30.3 289.8 490.4 388.8 253.9 11

12 = Total bank loans n.e.c. 1335.1 1410.1 1577.9 1704.8 2028.8 2143.7 2168.9 2511.8 2722.5 2514.4 2284.9 12

13 Total liabilities 1335.1 1410.1 1577.9 1704.8 2028.8 2143.7 2168.9 2511.8 2722.5 2514.4 2284.9 13

14 Nonfinancial sectors 1151.4 1160.4 1309.4 1498.5 1751.7 1824.1 1846.4 1938.1 1949.3 1864.9 1792.6 14

15 Households 49.8 26.7 36.4 86.4 99.7 104.9 89.2 121.4 117.7 104.0 118.5 15

16 Corporate business 548.3 547.2 515.2 532.2 630.5 654.4 669.5 691.8 700.8 674.6 637.7 16

17 Nonfarm noncorporate business 441.7 468.9 623.4 728.5 863.1 900.5 921.2 951.8 964.1 928.1 877.6 17

18 Farm business 45.5 47.7 49.9 53.2 55.5 52.7 57.0 58.3 58.7 55.0 57.2 18

19 Rest of the world 66.1 69.9 84.4 98.3 102.8 111.7 109.4 114.8 107.9 103.1 101.6 19

20 Foreign official institutions 4.5 5.5 2.6 1.9 1.9 2.0 3.1 2.3 2.6 2.6 2.9 20

21 Foreign banks 8.9 13.4 18.1 21.9 30.2 37.8 36.8 40.8 33.0 29.3 26.7 21

22 Other foreign 52.7 51.0 63.7 74.4 70.8 71.9 69.5 71.6 72.4 71.3 72.0 22

23 Financial sectors 183.7 249.7 268.6 206.2 277.1 319.6 322.5 573.7 773.2 649.6 492.3 23

24 Savings institutions 59.0 87.9 93.1 48.6 62.0 62.3 65.1 70.6 75.0 67.5 62.0 24

25 Finance companies 106.9 136.9 142.1 129.2 182.0 183.4 197.6 180.9 174.9 167.2 177.5 25

26 REITs 17.8 24.9 33.3 28.4 33.2 34.2 29.5 32.4 32.9 30.9 24.0 26

27 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 39.7 1.5 199.7 45.5 20.4 5.1 27

28 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 28.8 90.1 444.9 363.7 223.8 28
94 Z.1, September 17, 2009

L.216 Other Loans and Advances

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total other loans and advances 1605.5 1736.0 1892.9 2046.9 2592.0 2646.7 2689.8 2792.7 2689.4 2550.1 2479.2 1

 2 U.S. government loans 116.7 113.7 106.7 107.3 105.2 104.8 105.8 106.2 112.2 126.0 150.1 2

 3 Liab.: Household sector 13.1 12.2 11.5 12.9 12.5 12.3 13.0 12.9 12.8 12.8 12.7 3

 4 Nonfinancial corporate business 8.1 8.4 9.2 10.4 10.2 10.3 10.4 10.1 15.4 27.3 49.8 4

 5 Nonfarm noncorporate business 39.4 40.8 37.9 42.7 43.8 43.9 44.3 45.2 46.0 47.0 47.8 5

 6 Farm business 4.4 4.0 3.8 3.7 3.7 3.6 3.7 3.8 3.7 3.7 3.8 6

 7 State and local governments 9.7 10.0 10.6 11.2 11.9 12.0 12.2 12.5 12.7 12.9 13.1 7

 8 Rest of the world 42.0 38.3 33.7 26.4 23.1 22.7 22.2 21.9 21.6 21.2 21.4 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 1.5 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 11

12 Foreign loans to U.S. corporate business 125.0 131.2 159.6 166.9 273.6 251.3 242.6 226.4 224.9 197.8 192.4 12

13 Liab.: Nonfinancial corporate business 125.0 131.2 159.6 166.9 273.6 251.3 242.6 226.4 224.9 197.8 192.4 13

 Customers’ liability on acceptances

14 outstanding (bank asset) 4.4 4.0 4.0 0.4 0.5 0.3 0.3 0.0 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 4.2 3.8 3.8 0.3 0.2 0.1 0.1 0.0 0.0 0.0 0.0 15

16 Rest of the world 0.2 0.3 0.2 0.2 0.3 0.2 0.2 0.0 0.0 0.0 0.0 16

17 Savings institution loans to business 56.3 57.6 61.5 67.5 73.7 78.0 76.1 74.0 80.1 80.7 76.7 17

18 Liab.: Nonfinancial corporate business 28.2 28.8 30.7 33.7 36.9 39.0 38.1 37.0 40.0 40.4 38.3 18

19 Nonfarm noncorporate business 28.2 28.8 30.7 33.7 36.9 39.0 38.1 37.0 40.0 40.4 38.3 19

20 Credit unions loans to business 23.0 24.9 25.9 26.8 26.9 26.2 28.0 30.1 29.4 31.4 32.1 20

21 Liab.: Nonfinancial corporate business 11.5 12.5 13.0 13.4 13.4 13.1 14.0 15.1 14.7 15.7 16.1 21

22 Nonfarm noncorporate business 11.5 12.5 13.0 13.4 13.4 13.1 14.0 15.1 14.7 15.7 16.1 22

23 Policy loans (Household liability) 105.2 106.8 107.6 110.9 114.5 115.7 116.8 117.9 120.4 120.8 121.3 23

24 Asset: Federal government 0.8 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 24

25 Life insurance companies 104.5 106.1 106.9 110.2 113.9 115.1 116.2 117.3 119.8 120.2 120.8 25

26 Government-sponsored enterprise loans (1) 545.8 619.4 671.8 704.9 942.6 980.4 997.0 1087.0 986.7 882.5 806.7 26

27 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 27

28 Noncorporate business (FCS) 19.8 18.1 20.0 24.2 28.5 31.7 34.1 31.9 33.1 33.5 33.5 28

29 Farm business (FCS) 24.0 25.5 31.6 39.3 47.0 52.3 56.2 51.5 51.8 51.6 51.8 29

30 Commercial banks (FHLB and SLMA) 235.3 244.1 268.5 348.5 455.2 472.9 482.4 612.1 526.3 457.8 452.5 30

31 Savings institutions (FHLB and SLMA) 249.3 309.3 325.5 259.8 350.9 363.9 355.5 305.1 280.0 256.8 189.9 31

32 Credit unions (FHLB) 9.1 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 32

33 Life insurance companies (FHLB) 8.0 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 33

34 Securitized loans held by ABS issuers 103.9 105.3 88.5 89.4 81.2 78.0 73.8 71.1 70.4 64.2 71.9 34

35 Liab.: Nonfinancial corporate business 103.9 105.3 88.5 89.4 81.2 78.0 73.8 71.1 70.4 64.2 71.9 35

36 Finance company loans to business 441.7 451.5 479.2 498.0 523.0 542.0 563.9 557.0 539.9 516.7 493.0 36

37 Liab.: Nonfinancial corporate business 397.6 406.4 431.3 448.2 470.7 487.8 507.5 501.3 485.9 465.0 443.7 37

38 Nonfarm noncorporate business 44.2 45.2 47.9 49.8 52.3 54.2 56.4 55.7 54.0 51.7 49.3 38

39 Loans to nonfinancial corporate business (2) 83.4 121.5 188.1 274.6 450.8 470.0 485.6 522.9 525.6 530.1 535.1 39

40 Asset: Household sector 3.1 5.9 8.7 8.3 17.4 20.1 22.3 27.5 27.9 28.5 29.2 40

41 Life insurance companies 9.8 11.7 15.9 19.1 31.7 35.0 37.6 43.9 44.4 45.1 46.0 41

42 Mutual funds 16.4 26.0 36.5 44.4 81.9 83.8 85.4 89.3 89.6 90.0 90.5 42

43 ABS issuers 37.8 56.7 94.5 149.3 246.6 254.7 261.2 276.8 277.9 279.8 281.9 43

44 Brokers and dealers 9.0 14.2 22.0 36.7 52.5 55.1 57.2 62.3 62.7 63.3 64.0 44

45 Funding corporations 7.3 7.0 10.6 16.8 20.6 21.3 21.8 23.1 23.1 23.3 23.5 45

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding banks and finance companies which are included elsewhere.
Z.1, September 17, 2009 95

L.217 Total Mortgages

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total mortgages 9359.3 10631.2 12071.5 13464.9 14532.1 14657.4 14697.0 14678.8 14614.3 14601.4 14548.9 1

 2 Home 7217.3 8252.2 9363.4 10423.3 11112.5 11173.8 11156.2 11101.0 11003.9 10993.8 10951.1 2

 3 Multifamily residential 564.3 617.5 688.2 743.6 842.6 860.6 876.9 896.7 905.1 907.9 914.3 3

 4 Commercial 1494.4 1665.9 1915.1 2189.9 2464.2 2505.8 2542.2 2554.9 2574.6 2569.0 2552.8 4

 5 Farm 83.2 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 130.7 130.7 5

 6 Total liabilities 9359.3 10631.2 12071.5 13464.9 14532.1 14657.4 14697.0 14678.8 14614.3 14601.4 14548.9 6

 7 Household sector 7033.3 7998.5 9042.7 10047.1 10726.0 10792.8 10792.7 10755.6 10682.2 10682.0 10651.8 7

 8 Nonfinancial business 2220.1 2501.3 2883.4 3265.8 3649.3 3702.8 3743.0 3760.5 3768.6 3754.5 3729.9 8

 9 Corporate 511.5 563.6 763.1 852.6 973.5 987.3 1001.3 1001.3 1011.6 1006.3 996.3 9

10 Nonfarm noncorporate 1625.3 1842.1 2015.5 2305.1 2563.1 2598.3 2620.1 2633.1 2626.3 2617.5 2602.9 10

11 Farm 83.2 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 130.7 130.7 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 105.9 131.4 145.5 152.1 156.7 161.8 161.2 162.7 163.5 164.9 167.3 13

14 Total assets 9359.3 10631.2 12071.5 13464.9 14532.1 14657.4 14697.0 14678.8 14614.3 14601.4 14548.9 14

15 Household sector 118.5 133.6 143.0 122.4 106.5 107.0 115.8 115.7 116.0 114.5 112.7 15

16 Nonfinancial corporate business 51.8 66.6 68.3 59.8 40.9 36.2 31.5 26.8 22.1 17.4 12.6 16

17 Nonfarm noncorporate business 26.3 30.8 36.2 34.6 40.4 41.4 42.0 42.6 42.7 42.1 41.4 17

18 State and local governments 132.9 141.2 151.9 166.4 176.9 176.3 174.8 175.4 172.6 172.7 173.4 18

19 Federal government 73.8 75.4 77.8 81.5 83.6 84.1 87.1 90.1 97.1 98.0 103.4 19

20 Commercial banking 2255.8 2595.6 2958.0 3403.1 3645.7 3686.0 3662.2 3854.9 3843.0 3854.9 3899.3 20

21 Savings institutions (1) 870.6 1057.4 1152.7 1074.0 1095.3 1111.8 1115.6 883.6 860.2 849.8 755.5 21

22 Credit unions 159.6 188.3 219.7 249.7 281.5 290.0 301.6 308.8 316.0 314.7 316.2 22

23 Property-casualty insurance companies 2.1 2.4 2.7 3.5 4.8 4.9 5.0 4.7 5.0 5.0 5.1 23

24 Life insurance companies 260.9 273.3 285.5 303.8 326.2 330.9 336.4 340.9 342.4 338.6 335.7 24

25 Private pension funds 10.2 10.0 9.8 9.5 10.2 10.4 10.7 10.9 11.1 11.6 12.1 25

26 State and local govt. retirement funds 20.4 15.1 16.4 14.5 12.7 12.7 12.6 12.4 12.4 12.3 12.2 26

27 Government-sponsored enterprises (1) 621.5 629.0 588.8 607.2 643.1 658.2 671.2 668.6 702.1 719.9 705.7 27

28 Agency- and GSE-backed mortgage pools 3326.7 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 28

29 ABS issuers 1009.3 1443.7 2131.3 2767.5 2947.6 2872.1 2776.9 2686.3 2587.1 2496.6 2394.7 29

30 Finance companies 370.2 476.0 541.4 594.4 531.9 525.8 491.6 468.6 447.9 440.2 426.8 30

31 REITs 48.7 118.1 146.1 135.8 121.3 108.3 102.4 96.6 75.9 71.5 68.9 31

(1) FHLB loans to savings institutions are included in other loans and advances.
96 Z.1, September 17, 2009

L.218 Home Mortgages (1)

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 7217.3 8252.2 9363.4 10423.3 11112.5 11173.8 11156.2 11101.0 11003.9 10993.8 10951.1 1

 2 Household sector 6871.9 7819.3 8855.3 9832.8 10485.2 10547.9 10544.3 10503.5 10430.7 10431.0 10401.7 2

 3 Nonfinancial corporate business 18.8 23.5 31.1 39.4 42.2 41.5 38.8 36.3 32.7 30.0 26.8 3

 4 Nonfarm noncorporate business 326.7 409.4 477.0 551.2 585.1 584.4 573.1 561.1 540.5 532.8 522.7 4

 5 Total assets 7217.3 8252.2 9363.4 10423.3 11112.5 11173.8 11156.2 11101.0 11003.9 10993.8 10951.1 5

 6 Household sector 106.3 112.9 117.9 102.9 90.8 88.8 95.2 93.2 91.2 89.2 87.2 6

 7 Nonfinancial corporate business 26.1 39.9 40.9 35.9 24.6 21.7 18.9 16.1 13.2 10.4 7.6 7

 8 Nonfarm noncorporate business 9.7 11.3 13.3 12.7 14.8 15.2 15.4 15.6 15.6 15.4 15.2 8

 9 State and local governments 67.8 72.0 77.5 84.9 90.2 89.9 89.1 89.4 88.0 87.6 86.0 9

10 Federal government 15.3 14.8 14.4 14.6 14.9 15.0 15.8 15.5 16.3 17.6 20.1 10

11 Commercial banking 1345.1 1570.4 1781.6 2071.0 2194.7 2203.3 2143.6 2272.9 2236.9 2242.2 2289.8 11

12 Savings institutions 702.8 874.2 953.8 867.8 879.0 884.8 884.5 691.6 666.3 654.9 559.7 12

13 Credit unions 159.6 188.3 219.7 249.7 281.5 290.0 301.6 308.8 316.0 314.7 316.2 13

14 Life insurance companies 8.4 8.1 7.5 10.3 9.4 9.5 9.6 9.7 10.2 9.9 9.7 14

15 Private pension funds 1.7 1.4 1.4 1.3 1.2 1.3 1.3 1.4 1.3 1.4 1.4 15

16 State and local govt. retirement funds 7.3 5.4 5.9 5.2 4.6 4.6 4.5 4.5 4.5 4.4 4.4 16

17 Government-sponsored enterprises 532.2 523.6 470.8 473.2 463.0 466.8 468.1 452.7 476.1 490.7 473.2 17

18 Agency- and GSE-backed mortgage pools 3211.2 3256.3 3419.7 3710.6 4319.8 4454.3 4609.3 4738.7 4803.3 4882.8 5011.5 18

19 ABS issuers 666.4 1048.6 1621.9 2141.3 2172.2 2104.8 2018.4 1940.7 1852.8 1770.4 1680.5 19

20 Finance companies 320.2 422.0 489.8 538.1 472.7 458.0 420.5 395.2 375.4 368.4 356.1 20

21 REITs 37.1 102.9 127.4 103.7 79.2 65.9 60.3 55.1 36.7 33.7 32.8 21

 Memo:

22 Home equity loans included above (2) 593.4 775.6 914.8 1065.9 1129.9 1126.7 1126.5 1115.9 1113.5 1096.0 1074.1 22

23 Commercial banking 366.0 483.5 549.0 653.6 692.3 698.0 711.1 769.8 776.1 769.7 781.2 23

24 Savings institutions 95.6 121.2 151.6 137.6 180.5 180.5 180.3 119.7 119.5 116.0 90.0 24

25 Credit unions 51.7 63.9 75.9 86.9 94.1 94.5 95.3 97.2 98.7 97.0 95.9 25

26 ABS issuers 16.1 23.3 40.4 80.2 68.5 62.0 55.7 50.2 44.2 39.7 35.8 26

27 Finance companies 64.0 83.7 98.0 107.6 94.5 91.6 84.1 79.0 75.1 73.7 71.2 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 564.3 617.5 688.2 743.6 842.6 860.6 876.9 896.7 905.1 907.9 914.3 1

 2 Nonfinancial corporate business 30.4 32.4 34.4 36.5 38.3 38.6 39.0 39.3 39.7 40.0 40.3 2

 3 Nonfarm noncorporate business 512.5 560.2 629.0 682.0 781.6 798.0 814.0 832.9 840.4 842.3 846.8 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 24.9 24.8 25.1 22.7 24.0 23.9 24.5 25.1 25.7 27.2 5

 6 Total assets 564.3 617.5 688.2 743.6 842.6 860.6 876.9 896.7 905.1 907.9 914.3 6

 7 Household sector 1.5 1.5 1.5 1.6 1.7 1.7 1.7 1.7 1.7 1.8 1.8 7

 8 Nonfinancial corporate business 1.0 1.0 1.1 0.9 0.6 0.6 0.5 0.4 0.3 0.3 0.2 8

 9 Nonfarm noncorporate business 8.8 10.4 12.3 11.7 13.7 14.0 14.2 14.4 14.5 14.3 14.0 9

10 State and local governments 53.1 56.5 60.8 66.6 70.8 70.5 69.9 70.1 69.0 69.5 71.4 10

11 Federal government 14.5 15.0 14.9 14.8 14.5 14.4 14.6 15.3 16.2 14.4 14.4 11

12 Commercial banking 104.5 118.7 138.7 157.6 168.4 172.9 176.1 214.7 215.1 216.8 216.8 12

13 Savings institutions 77.9 87.5 98.4 95.8 92.7 94.6 96.9 65.2 65.2 65.7 66.3 13

14 Life insurance companies 38.6 40.5 42.4 46.1 51.8 51.9 52.0 52.0 51.8 51.2 50.8 14

15 Private pension funds 2.2 2.2 2.1 2.0 2.1 2.3 2.4 2.7 2.4 2.6 2.7 15

16 State and local govt. retirement funds 6.1 4.5 4.9 4.3 3.8 3.8 3.8 3.7 3.7 3.7 3.7 16

17 Government-sponsored enterprises 68.2 82.5 93.0 105.4 147.7 157.7 167.9 179.4 188.1 191.3 194.6 17

18 Agency- and GSE-backed mortgage pools 114.5 117.4 121.3 123.5 139.2 142.7 145.9 148.5 152.9 154.4 157.2 18

19 ABS issuers 66.2 72.7 89.3 103.2 125.4 122.8 119.9 117.4 114.4 112.9 111.7 19

20 Finance companies 5.7 5.6 5.6 5.1 5.1 5.5 6.0 6.7 5.8 5.6 5.5 20

21 REITs 1.5 1.6 1.9 5.0 5.2 5.2 5.0 4.4 3.9 3.7 3.3 21
Z.1, September 17, 2009 97

L.220 Commercial Mortgages

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 1494.4 1665.9 1915.1 2189.9 2464.2 2505.8 2542.2 2554.9 2574.6 2569.0 2552.8 1

 2 Household sector 161.4 179.2 187.4 214.3 240.8 244.9 248.4 252.1 251.5 251.0 250.1 2

 3 Nonfinancial corporate business 462.3 507.7 697.5 776.7 893.0 907.2 923.5 925.7 939.2 936.3 929.3 3

 4 Nonfarm noncorporate business 786.2 872.5 909.5 1071.9 1196.4 1215.9 1233.1 1239.0 1245.5 1242.5 1233.4 4

 5 REITs 84.5 106.5 120.7 127.0 134.0 137.9 137.2 138.2 138.4 139.2 140.0 5

 6 Total assets 1494.4 1665.9 1915.1 2189.9 2464.2 2505.8 2542.2 2554.9 2574.6 2569.0 2552.8 6

 7 Household sector 9.2 9.9 10.5 11.2 11.9 12.1 12.3 12.5 12.6 12.8 13.0 7

 8 Nonfinancial corporate business 24.7 25.6 26.3 23.0 15.8 13.9 12.1 10.3 8.5 6.7 4.9 8

 9 Nonfarm noncorporate business 7.3 8.5 9.9 9.5 11.1 11.4 11.5 11.7 11.7 11.6 11.4 9

10 State and local governments 10.6 11.3 12.2 13.3 14.2 14.1 14.0 14.0 13.8 13.9 14.3 10

11 Federal government 40.5 42.4 45.2 48.9 51.0 51.5 53.3 55.8 61.0 62.5 65.4 11

12 Commercial banking 762.6 860.7 989.4 1123.2 1228.5 1254.8 1286.9 1311.0 1333.8 1338.8 1335.6 12

13 Savings institutions 89.2 95.1 100.0 109.6 122.7 131.4 133.2 125.9 127.7 128.2 128.5 13

14 Property-casualty insurance companies 2.1 2.4 2.7 3.5 4.8 4.9 5.0 4.7 5.0 5.0 5.1 14

15 Life insurance companies 203.9 214.1 224.3 235.4 252.2 256.6 261.8 266.0 267.1 264.1 261.8 15

16 Private pension funds 6.4 6.4 6.3 6.2 6.8 6.8 7.0 6.9 7.4 7.7 8.0 16

17 State and local govt. retirement funds 6.9 5.1 5.6 4.9 4.3 4.3 4.3 4.2 4.2 4.2 4.1 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 276.6 322.5 420.1 523.0 650.0 644.4 638.6 628.2 619.9 613.4 602.5 19

20 Finance companies 44.2 48.4 46.0 51.1 54.0 62.3 65.2 66.7 66.6 66.2 65.2 20

21 REITs 10.1 13.6 16.8 27.1 37.0 37.2 37.1 37.1 35.3 34.1 32.8 21

L.221 Farm Mortgages (1)

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

 1 Total liabilities (Farm business) 83.2 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 130.7 130.7 1

 2 Total assets 83.2 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 130.7 130.7 2

 3 Household sector 1.5 9.4 13.1 6.7 2.1 4.4 6.7 8.4 10.5 10.7 10.7 3

 4 Nonfarm noncorporate business 0.5 0.6 0.7 0.7 0.8 0.8 0.8 0.9 0.9 0.8 0.8 4

 5 State and local governments 1.3 1.4 1.5 1.7 1.8 1.8 1.7 1.8 1.7 1.7 1.8 5

 6 Federal government 3.4 3.2 3.2 3.2 3.3 3.2 3.3 3.5 3.5 3.5 3.5 6

 7 Commercial banking 43.6 45.8 48.4 51.3 54.1 54.9 55.6 56.4 57.1 57.2 57.2 7

 8 Savings institutions 0.6 0.6 0.6 0.7 0.9 0.9 0.9 0.9 0.9 0.9 0.9 8

 9 Life insurance companies 10.0 10.7 11.3 12.0 12.8 12.9 13.1 13.2 13.4 13.4 13.4 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 21.2 22.9 25.1 28.6 32.4 33.8 35.2 36.5 38.0 37.9 37.8 11

12 Agency- and GSE-backed mortgage pools 1.0 0.9 0.8 3.2 4.5 4.5 4.3 4.7 4.7 4.6 4.6 12

(1) Excludes mortgages on farm houses.
98 Z.1, September 17, 2009

L.222 Consumer Credit

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities (Households) 2102.5 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2517.0 2475.5 1

 2 Total assets 2102.5 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2517.0 2475.5 2

 3 Nonfinancial corporate business 58.6 58.6 58.8 56.7 55.3 51.0 51.1 51.6 55.3 50.5 49.3 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 98.4 103.5 104.6 106.9 111.0 121.1 122.4 5

 6 Commercial banking 669.4 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 6

 7 Savings institutions 77.9 91.3 109.1 95.5 90.8 87.5 90.0 79.3 86.3 80.0 75.9 7

 8 Credit unions 205.9 215.4 228.6 234.5 235.7 230.1 231.1 236.1 235.0 234.8 236.2 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 594.8 571.5 609.9 661.1 683.6 680.4 684.1 673.7 650.0 633.0 627.4 10

11 Finance companies 393.0 492.3 516.5 534.4 584.1 580.7 581.8 596.3 575.8 546.8 526.5 11

L.223 Trade Credit

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

 1 Total trade payables 2465.6 2660.0 2999.7 3191.5 3428.9 3433.3 3426.8 3391.2 3290.1 3251.3 3230.3 1

 2 Household sector 156.8 173.3 186.3 199.9 214.5 218.4 222.2 226.2 230.2 231.8 233.8 2

 3 Nonfinancial corporate business 1402.7 1499.9 1699.4 1813.0 1918.3 1897.3 1869.6 1821.4 1749.7 1680.5 1641.7 3

 4 Nonfarm noncorporate business 255.3 277.4 329.4 349.4 394.7 402.6 407.3 412.0 412.6 407.7 402.4 4

 5 Farm business 7.1 9.1 6.3 -0.7 -4.8 -5.2 -11.5 -6.2 -4.8 -2.4 -6.4 5

 6 State and local governments 419.7 449.9 482.0 516.4 553.7 563.5 573.6 583.9 593.7 603.2 612.9 6

 7 Federal government 151.2 166.3 198.8 204.5 233.5 242.8 257.3 252.0 224.3 221.7 226.0 7

 8 Rest of the world 44.7 48.2 54.5 60.7 73.1 70.5 69.3 67.6 63.2 60.8 65.3 8

 9 Brokers and dealers 28.2 36.0 43.1 48.3 45.8 43.5 39.1 34.4 21.2 47.9 54.5 9

10 Total trade receivables 2439.5 2623.1 2994.2 3049.5 3333.0 3403.6 3440.3 3409.6 3244.8 3194.6 3216.5 10

11 Nonfinancial corporate business 1702.3 1831.3 2109.0 2090.9 2263.0 2302.5 2338.7 2308.3 2156.9 2125.4 2152.6 11

12 Nonfarm noncorporate business 337.7 364.3 430.9 470.9 549.5 563.2 571.2 579.4 580.4 572.0 562.8 12

13 State and local governments 126.5 134.4 144.7 158.5 168.4 167.9 166.2 166.7 164.0 165.1 169.6 13

14 Federal government 51.3 61.8 70.9 71.3 71.5 71.1 71.7 71.4 71.6 71.4 71.7 14

15 Rest of the world 50.1 49.0 56.9 62.8 83.5 94.3 100.1 102.0 89.6 87.2 92.8 15

16 Property-casualty insurance companies 79.3 79.6 82.1 87.0 85.4 86.3 87.1 87.1 86.7 87.4 89.3 16

17 ABS issuers 92.3 102.6 99.8 108.3 111.7 118.4 105.2 94.7 95.5 86.1 77.7 17

18 Discrepancy 26.1 36.9 5.5 142.0 95.9 29.6 -13.4 -18.4 45.4 56.7 13.9 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 1526.4 1647.1 1564.9 1685.2 1128.5 1018.2 991.0 1

 2 Household sector 182.5 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.6 147.6 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 1200.9 1281.7 1273.4 1282.9 963.6 883.6 843.4 4

 5 Customer credit balances (HH) 475.4 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 649.2 5

 6 From U.S.-chartered commercial banks 91.4 102.2 95.6 116.5 145.9 158.4 158.1 178.8 158.6 139.1 120.9 6

 7 From foreign banking offices in U.S. 109.5 93.7 135.1 185.6 188.6 138.8 123.2 105.5 62.3 77.5 73.3 7

 8 Total assets 858.8 1038.2 1038.4 1249.9 1526.4 1647.1 1564.9 1685.2 1128.5 1018.2 991.0 8

 9 Household sector 475.4 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 649.2 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 200.9 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 11

12 Brokers and dealers 182.5 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.6 147.6 12
Z.1, September 17, 2009 99

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 Life insurance reserves:

 1 Total liabilities 1013.2 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1197.6 1

 2 Federal government 40.5 41.6 42.7 44.2 45.4 45.3 45.8 45.7 46.4 46.3 46.9 2

 3 Life insurance companies 972.7 1018.8 1039.9 1119.5 1156.1 1141.9 1150.5 1152.0 1133.4 1134.7 1150.7 3

 4 Total assets (Households) 1013.2 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1197.6 4

 Pension fund reserves:

 5 Total liabilities 9718.9 10635.5 11373.7 12696.2 13375.9 12566.7 12476.1 11832.5 10442.6 9913.8 10656.3 5

 6 Life insurance companies 1803.2 2027.9 2197.4 2332.4 2437.8 2367.3 2364.0 2308.2 2150.6 2119.0 2162.6 6

 7 Private pension funds (1) 4561.3 4963.0 5341.4 6047.7 6425.4 5948.6 5887.2 5479.9 4635.6 4319.6 4794.0 7

 8 State and local govt. retirement funds 2396.0 2621.3 2763.4 3175.1 3315.5 3079.4 3045.7 2855.9 2435.2 2282.8 2484.9 8

 9 Federal government retirement funds (2) 958.5 1023.3 1071.5 1141.1 1197.2 1171.4 1179.2 1188.5 1221.2 1192.4 1214.8 9

10 Total assets (Households) (3) 9718.9 10635.5 11373.7 12696.2 13375.9 12566.7 12476.1 11832.5 10442.6 9913.8 10656.3 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 198.8 219.2 221.5 246.7 235.6 235.5 206.2 187.6 108.4 123.2 126.0 1

 2 Nonfinancial corporate business 81.2 88.0 93.1 92.8 93.8 106.7 101.2 104.6 94.4 107.3 101.7 2

 3 Nonfarm noncorporate business 69.7 78.0 86.7 95.7 103.1 104.4 105.1 105.9 106.0 105.2 104.3 3

 4 U.S.-chartered commercial banks (net) 35.1 33.6 25.8 24.7 11.1 0.2 -12.3 -29.7 -74.6 -72.6 -80.9 4

 5 Savings institutions 2.6 3.6 3.6 3.3 1.3 1.6 1.0 1.1 1.0 1.4 0.8 5

 6 Property-casualty insurance companies (net) 1.0 1.5 -1.6 9.4 7.0 5.9 -3.0 -2.7 -21.1 -24.2 -24.2 6

 7 Life insurance companies (net) -5.8 -2.7 -5.3 -1.3 -4.7 -7.8 -11.6 -17.9 -24.4 -21.8 -6.3 7

 8 Finance companies 13.2 15.0 17.1 19.3 21.8 22.5 23.2 23.9 24.6 25.3 26.0 8

 9 Brokers and dealers 1.8 2.2 2.1 2.8 2.2 2.0 2.6 2.5 2.5 2.7 4.5 9

10 Total business taxes receivable 167.2 190.9 232.6 285.1 342.5 356.5 371.8 384.5 388.8 397.0 402.8 10

11 State and local governments 73.6 99.6 141.0 189.0 237.5 248.0 259.8 269.0 269.8 274.5 276.8 11

12 Federal government 93.7 91.2 91.6 96.1 105.0 108.5 112.0 115.5 119.0 122.5 126.0 12

13 Discrepancy 31.5 28.4 -11.1 -38.4 -106.9 -121.0 -165.6 -196.8 -280.4 -273.7 -276.8 13

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 5838.7 6680.9 8208.9 8655.0 8767.3 8548.5 8335.1 8170.3 7618.4 7266.7 6995.7 1

 2 Nonfarm noncorporate business 4676.7 5351.1 6715.3 7037.1 7017.5 6810.0 6601.0 6461.8 5944.7 5610.6 5357.7 2

 3 Farm business 1149.0 1318.6 1481.9 1608.0 1738.2 1728.0 1724.2 1700.3 1664.3 1644.9 1628.3 3

 4 Brokers and dealers 13.0 11.2 11.7 9.8 11.6 10.5 10.0 8.1 9.5 11.2 9.6 4
100 Z.1, September 17, 2009

L.228 Total Miscellaneous Financial Claims

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 12166.4 13453.9 14587.0 15764.6 16939.8 18040.8 18265.0 19799.4 19158.8 19490.7 18528.0 1

 2 Household sector 20.9 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 2

 3 Nonfinancial corporate business 3415.1 3590.2 3851.4 3912.2 3981.9 3990.4 3996.4 4018.3 4214.7 4279.9 4346.2 3

 4 Nonfarm noncorporate business 649.7 718.2 861.2 1006.1 1094.0 1109.7 1116.1 1125.2 1122.0 1107.5 1111.7 4

 5 Federal government 855.8 913.9 963.7 1017.2 1094.2 1078.7 1086.7 1112.0 1183.5 1157.1 1162.5 5

 6 Rest of the world 2719.6 3349.9 3876.4 4392.9 4759.1 5348.0 5427.9 6782.9 5370.9 5532.7 4626.1 6

 7 Monetary authority 8.3 12.5 15.3 18.5 21.0 21.0 21.3 22.2 23.1 29.1 58.1 7

 8 Commercial banking 1336.9 1426.8 1388.5 1420.3 1694.2 1867.1 1871.0 1890.4 2490.1 2621.6 2467.6 8

 9 Savings institutions 28.0 33.1 60.4 80.1 102.3 91.0 85.9 58.4 70.9 70.1 47.4 9

10 Credit unions 7.4 9.3 11.9 9.2 3.6 7.6 3.2 1.9 4.7 20.7 30.3 10

11 Property-casualty insurance companies 667.2 708.3 759.3 815.7 825.4 833.2 851.9 871.0 846.4 836.5 836.6 11

12 Life insurance companies 761.3 814.7 845.0 947.2 1043.8 1058.0 1066.5 973.8 952.0 902.8 950.7 12

13 Government-sponsored enterprises 145.8 141.7 144.5 154.2 166.4 182.2 175.6 202.1 197.4 232.7 238.0 13

14 Finance companies 666.4 719.6 702.7 713.3 648.1 659.0 651.9 662.1 655.7 654.3 623.0 14

15 REITs 42.3 50.4 54.7 62.4 65.8 65.3 63.7 65.6 62.1 50.1 53.7 15

16 Brokers and dealers 296.4 376.4 405.5 519.5 564.9 543.1 529.7 613.8 449.2 416.6 438.4 16

17 Funding corporations 545.3 566.4 624.2 673.0 851.3 1161.5 1291.7 1374.4 1489.3 1552.3 1512.9 17

18 Total assets 16085.4 17763.3 19031.7 21460.2 23891.2 24803.0 25048.5 25664.1 25265.0 25876.0 25513.4 18

19 Household sector 501.3 553.8 608.7 646.1 712.2 725.9 733.5 751.3 768.2 765.1 768.4 19

20 Nonfinancial corporate business 7117.4 7699.1 8159.7 8933.0 9825.4 9897.7 9960.7 10057.8 10198.6 10230.4 10259.2 20

21 Nonfarm noncorporate business 774.7 1009.5 1265.5 1644.4 1923.9 1971.7 1999.7 2028.2 2031.9 2002.5 1970.4 21

22 Farm business 41.2 43.2 44.5 48.6 52.0 52.5 52.9 53.4 53.8 54.0 54.2 22

23 State and local governments 78.3 69.3 34.0 3.7 20.1 27.8 31.1 27.3 31.9 39.2 39.5 23

24 Federal government 101.7 102.3 100.9 101.8 102.6 102.0 102.3 116.3 114.2 113.2 111.8 24

25 Rest of the world 2267.5 2498.5 2691.4 3307.5 3934.9 4406.8 4467.3 4867.0 3862.3 4153.8 3916.2 25

26 Monetary authority 18.2 18.6 18.1 17.0 40.5 37.3 77.2 303.2 569.8 332.5 163.0 26

27 Commercial banking 1888.9 2105.0 2187.1 2304.2 2497.5 2756.8 2837.7 3021.5 3419.5 4095.6 4024.2 27

28 Savings institutions 98.1 166.7 107.9 123.3 126.7 125.7 116.0 101.2 99.8 99.9 87.6 28

29 Credit unions 26.3 24.5 24.2 24.9 35.9 38.4 40.5 41.4 44.2 60.1 66.7 29

30 Property-casualty insurance companies 84.6 89.9 103.3 105.5 116.8 118.7 123.1 126.7 102.6 102.1 103.9 30

31 Life insurance companies 74.7 126.6 153.1 147.1 123.3 136.6 127.8 97.4 131.0 100.3 110.0 31

32 Private pension funds 467.3 479.2 480.2 532.5 620.1 593.9 608.8 576.6 545.5 513.4 578.3 32

33 State and local govt. retirement funds 11.3 15.9 15.4 16.3 16.2 16.4 16.4 16.2 16.2 16.1 16.0 33

34 Federal government retirement funds 815.0 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 34

35 Money market mutual funds 56.2 53.3 43.3 59.2 90.9 69.7 56.9 45.1 47.9 51.4 56.5 35

36 Mutual funds 2.0 7.0 10.7 14.0 16.8 20.1 17.3 18.9 20.0 16.0 16.0 36

37 Government-sponsored enterprises 109.4 113.9 117.8 114.6 141.7 142.6 145.6 100.0 118.0 118.9 141.9 37

38 Finance companies 120.5 94.5 46.7 16.4 18.2 26.2 27.1 26.2 30.0 44.4 56.0 38

39 REITs 29.3 40.4 51.9 59.7 55.4 57.2 59.7 61.3 54.7 54.0 50.0 39

40 Brokers and dealers 858.8 994.0 1202.6 1599.4 1633.7 1712.1 1669.4 1456.2 1105.7 1017.1 1071.7 40

41 Funding corporations 542.7 602.2 681.9 722.2 834.7 830.0 834.2 808.6 883.9 903.0 854.4 41

42 Discrepancy -3919.0 -4309.4 -4444.7 -5695.7 -6951.4 -6762.2 -6783.4 -5864.7 -6106.2 -6385.3 -6985.4 42
Z.1, September 17, 2009 101

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2054.5 2498.5 2651.7 2948.2 3451.5 3548.7 3655.6 3716.5 3698.8 3745.3 3793.7 1

 2 Asset: Nonfinancial corporate business 1745.1 2094.7 2205.7 2440.7 2800.0 2881.9 2970.3 3020.5 3005.1 3052.2 3098.1 2

 3 Commercial banking 57.5 93.5 104.9 95.9 158.1 159.4 161.9 162.6 192.7 192.1 187.8 3

 4 Property-casualty insurance companies 84.6 89.9 103.3 105.5 116.8 118.7 123.1 126.7 102.6 102.1 103.9 4

 5 Life insurance companies 14.4 16.6 19.1 20.0 24.7 25.7 26.5 28.3 26.0 25.0 26.5 5

 6 Finance companies 15.7 14.7 17.7 42.0 49.5 52.3 54.3 55.7 56.3 57.0 59.0 6

 7 Brokers and dealers 137.3 189.2 201.1 244.1 302.3 310.8 319.4 322.7 316.0 316.8 318.4 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1302.0 1409.8 1549.4 1722.7 2041.4 2071.8 2148.0 2187.4 2264.0 2290.6 2304.8 8

 9 Nonfarm noncorporate business 3.3 3.0 3.3 3.6 3.4 3.1 3.1 3.2 3.2 3.2 3.2 9

10 Commercial banking 85.2 122.7 130.2 135.4 134.3 142.2 148.2 150.4 119.1 116.6 118.0 10

11 Property-casualty insurance companies 68.2 61.4 60.1 99.9 90.9 91.4 99.7 103.7 86.5 78.6 80.0 11

12 Life insurance companies 46.6 66.6 65.8 71.3 68.8 73.3 73.9 76.0 56.4 60.6 66.4 12

13 Finance companies 30.7 21.8 38.8 51.1 31.9 38.4 42.4 47.6 26.2 26.3 30.1 13

14 Brokers and dealers 37.4 49.6 49.9 61.0 69.2 78.1 85.7 98.0 79.9 81.2 81.6 14

15 Funding corporations 7.6 7.8 8.4 9.0 10.2 10.5 10.7 10.7 11.7 12.4 13.8 15

16 Asset: Rest of the world 1581.0 1742.7 1906.0 2154.1 2450.1 2508.9 2611.8 2677.0 2646.8 2669.6 2698.0 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 40.0 42.0 43.2 45.3 46.9 47.0 48.1 48.2 48.3 48.4 49.7 17

18 Asset: Federal government 40.0 42.0 43.2 45.3 46.9 47.0 48.1 48.2 48.3 48.4 49.7 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 8.8 11.9 13.5 15.3 18.5 19.5 19.9 20.3 21.1 22.6 24.2 19

20 Asset: Commercial banking 8.8 11.9 13.5 15.3 18.5 19.5 19.9 20.3 21.1 22.6 24.2 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 42.3 44.8 46.7 46.9 56.0 58.4 59.2 60.0 55.9 53.7 55.5 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 2.2 2.2 2.3 2.4 2.5 2.5 2.6 23

24 Farm business (FICB and FLB) 2.5 2.7 2.8 3.0 3.6 3.6 3.7 3.9 3.9 3.9 4.0 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 26.7 28.6 28.8 31.1 28.8 28.5 30.3 26

27 Savings institutions (FHLB) 16.4 17.4 18.5 15.6 18.8 19.2 19.1 16.4 14.1 12.2 12.3 27

28 Credit unions (FHLB) 1.4 1.7 1.8 1.9 2.5 2.4 2.7 3.1 3.1 2.8 2.8 28

29 Life insurance companies (FHLB) 1.1 1.7 1.6 1.6 2.2 2.4 2.6 3.1 3.6 3.7 3.6 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 689.8 857.0 897.0 1006.9 1133.1 1158.4 1148.5 1157.2 1181.3 1245.4 1260.8 30

31 Savings institutions 9.3 10.5 11.8 13.2 14.8 15.2 15.6 16.1 16.5 17.0 17.4 31

32 Life insurance companies 23.4 25.9 35.6 38.3 43.7 43.0 42.3 37.0 31.2 29.7 33.9 32

33 Finance companies 181.8 234.1 195.2 198.5 239.9 245.3 238.8 242.5 233.7 226.3 212.8 33

34 Brokers and dealers 50.4 70.8 141.4 156.6 45.2 49.1 87.0 108.7 148.7 741.2 747.2 34

35 Asset: Bank holding companies 954.8 1198.2 1281.0 1413.5 1476.6 1511.0 1532.2 1561.4 1611.3 2259.6 2272.0 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 21.0 23.6 117.0 140.1 81.5 83.3 81.1 82.4 79.4 76.9 72.3 36

37 Asset: Nonfinancial corporate business 21.0 23.6 117.0 140.1 81.5 83.3 81.1 82.4 79.4 76.9 72.3 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 134.7 167.7 188.8 197.3 241.0 240.4 237.3 192.6 276.6 269.3 224.5 38

39 Brokers and dealers 408.0 434.5 493.1 524.9 593.7 589.6 596.9 616.0 607.3 633.6 629.9 39

40 Asset: Funding corporations 542.7 602.2 681.9 722.2 834.7 830.0 834.2 808.6 883.9 903.0 854.4 40
102 Z.1, September 17, 2009

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 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.8 2.8 0.6 0.6 24.5 21.5 62.5 288.7 554.2 310.4 115.0 1

 2 Asset: Federal government 2.8 2.8 0.6 0.6 0.5 0.5 0.5 0.4 0.5 0.4 0.4 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 24.0 21.0 62.0 288.3 553.7 309.9 114.6 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 20.9 26.7 20.1 27.1 15.5 19.0 18.2 6

 7 Asset: Savings institutions 20.5 18.4 19.2 19.0 20.9 26.7 20.1 27.1 15.5 19.0 18.2 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 20.9 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 8

 9 Asset: Life insurance companies 20.9 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 199.5 211.0 217.3 232.1 247.6 258.3 259.4 263.3 265.2 267.4 270.3 10

11 Health 121.5 131.3 138.3 149.8 163.3 171.6 172.0 175.4 182.7 184.9 188.5 11

12 Policy dividend accumulation 40.5 41.7 42.7 43.5 43.7 44.2 44.7 44.8 40.4 42.0 41.2 12

13 Policy and contract claims 37.5 38.0 36.3 38.8 40.6 42.4 42.7 43.2 42.1 40.5 40.6 13

14 Asset: Household sector 199.5 211.0 217.3 232.1 247.6 258.3 259.4 263.3 265.2 267.4 270.3 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 599.0 646.9 699.2 715.8 734.5 741.8 752.2 767.3 759.9 757.8 756.6 15

16 Asset: Household sector 266.8 290.4 316.0 320.5 327.3 330.6 335.5 343.0 339.2 338.0 337.3 16

17 Nonfinancial corporate business 236.6 255.5 276.2 282.7 290.1 293.0 297.4 303.4 300.0 299.2 298.7 17

18 Nonfarm noncorporate business 56.9 60.5 65.3 66.9 68.6 69.3 70.0 71.4 70.7 70.5 70.4 18

19 Farm business 38.7 40.5 41.7 45.6 48.5 48.8 49.2 49.5 50.0 50.1 50.2 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 317.0 328.4 338.4 387.9 444.3 417.8 426.2 397.2 351.6 316.8 372.7 20

21 Asset: Private pension funds 317.0 328.4 338.4 387.9 444.3 417.8 426.2 397.2 351.6 316.8 372.7 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 49.8 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 22

23 Asset: Private pension funds 49.8 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 23

 Securities borrowed (net):

24 Liab.: Funding corporations 678.0 764.8 939.7 1242.3 1240.2 1369.1 1359.7 1136.9 887.0 803.9 837.5 24

25 Asset: Brokers and dealers 678.0 764.8 939.7 1242.3 1240.2 1369.1 1359.7 1136.9 887.0 803.9 837.5 25

 Nonmarketable government securities:

26 Liab.: Federal government 815.0 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 26

27 Asset: Federal government retirement funds 815.0 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 27

 Retiree Health Care Funds (2):

28 Liab.: Federal government 35.0 52.4 75.4 93.5 137.3 136.9 138.5 145.0 163.8 159.6 160.8 28

29 Asset: Household sector 35.0 52.4 75.4 93.5 137.3 136.9 138.5 145.0 163.8 159.6 160.8 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
Z.1, September 17, 2009 103

L.231 Unidentified Miscellaneous Financial Claims

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

2003 2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2

 1 Total liabilities 4184.0 4340.3 4606.2 4603.7 4651.6 5452.0 5387.1 6764.1 6025.9 6008.0 5104.8 1

 2 Nonfinancial corporate business 2063.3 2133.7 2257.2 2146.7 1893.2 1870.9 1800.2 1783.0 1902.8 1940.5 1991.5 2

 3 Nonfarm noncorporate business 646.5 715.2 857.9 1002.5 1090.5 1106.6 1112.9 1122.0 1118.9 1104.3 1108.5 3

 4 Federal government 5.8 5.6 5.4 5.1 4.9 4.9 4.7 4.7 4.4 4.3 4.2 4

 5 Rest of the world 622.3 806.7 1180.9 1398.9 1236.2 1730.7 1661.7 2729.5 1069.6 1428.6 667.7 5

 6 Monetary authority -0.6 0.6 1.8 3.2 2.5 1.5 1.5 1.9 2.0 6.6 33.8 6

 7 Commercial banking 427.2 279.4 172.6 80.6 185.9 326.0 337.1 390.2 913.0 990.2 864.3 7

 8 U.S.-chartered commercial banks 45.7 46.4 -30.4 -67.8 -94.7 -41.3 -101.3 -162.5 13.6 10.8 -24.7 8

 9 Foreign banking offices in U.S. 108.5 -81.2 -55.1 -177.9 -75.8 9.1 55.1 171.8 454.2 431.9 337.7 9

10 Bank holding companies 241.4 271.6 216.0 288.6 322.4 323.4 348.0 349.3 415.5 517.4 522.5 10

11 Banks in U.S.-affiliated areas 31.7 42.5 42.2 37.7 33.9 34.8 35.2 31.6 29.7 30.1 28.8 11

12 Savings institutions 18.7 22.6 48.6 66.9 87.5 75.8 70.2 42.3 54.4 53.1 30.0 12

13 Credit unions 7.4 9.3 11.9 9.2 3.6 7.6 3.2 1.9 4.7 20.7 30.3 13

14 Life insurance companies 174.7 182.8 187.8 217.5 239.4 265.7 264.7 200.3 247.7 228.3 207.4 14

15 Government-sponsored enterprises 83.1 78.5 78.7 88.3 89.6 97.1 96.3 115.1 126.0 160.0 164.3 15

16 Finance companies 432.9 440.1 351.7 323.7 294.8 291.9 289.6 289.7 316.4 324.8 307.8 16

17 REITs 42.3 50.4 54.7 62.4 65.8 65.3 63.7 65.6 62.1 50.1 53.7 17

18 Brokers and dealers -199.4 -178.5 -278.9 -223.0 -143.1 -173.7 -240.0 -208.9 -386.6 -1039.4 -1020.3 18

19 Funding corporations -140.2 -206.2 -324.0 -578.4 -399.1 -218.1 -78.7 226.8 590.5 736.0 661.6 19

20 Total assets 8103.0 8649.7 9050.9 10299.3 11603.0 12214.2 12170.6 12628.8 12132.1 12393.4 12090.2 20

21 Nonfinancial corporate business 5114.8 5325.3 5560.8 6069.4 6653.7 6639.4 6611.8 6651.6 6814.1 6802.1 6790.1 21

22 Nonfarm noncorporate business 715.7 947.1 1198.4 1575.6 1853.1 1900.1 1927.4 1954.4 1958.7 1929.4 1897.4 22

23 State and local governments 78.3 69.3 34.0 3.7 20.1 27.8 31.1 27.3 31.9 39.2 39.5 23

24 Federal government 58.9 57.5 57.1 56.0 55.2 54.5 53.7 67.7 65.4 64.3 61.7 24

25 Rest of the world 686.5 755.8 785.4 1153.4 1484.8 1897.9 1855.5 2190.0 1215.4 1484.2 1218.3 25

26 Monetary authority 18.2 18.6 18.1 17.0 16.5 16.3 15.2 15.0 16.0 22.6 48.4 26

27 Commercial banking 849.1 782.1 767.6 756.6 817.6 1038.3 1095.0 1246.1 1565.7 1592.8 1509.8 27

28 U.S.-chartered commercial banks 533.4 557.5 563.9 667.1 681.6 789.6 737.6 879.3 990.3 908.1 867.6 28

29 Foreign banking offices in U.S. 149.5 25.0 -12.3 -162.6 -151.4 -57.0 -17.1 42.1 195.4 155.2 127.1 29

30 Bank holding companies 161.9 194.4 210.6 246.2 277.9 296.0 364.1 315.4 372.5 522.7 509.6 30

31 Banks in U.S.-affiliated areas 4.3 5.2 5.3 5.9 9.5 9.8 10.4 9.3 7.6 6.8 5.5 31

32 Savings institutions 61.1 130.9 70.2 88.7 86.9 79.9 76.7 57.7 70.2 68.6 57.2 32

33 Credit unions 24.9 22.8 22.4 23.0 33.4 36.0 37.8 38.3 41.1 57.3 63.9 33

34 Life insurance companies 38.3 85.8 110.1 102.7 72.5 83.4 73.1 40.7 74.3 45.0 55.1 34

35 Private pension funds 100.5 104.1 97.0 101.8 128.6 128.4 134.5 131.5 146.0 147.7 155.7 35

36 State and local govt. retirement funds 11.3 15.9 15.4 16.3 16.2 16.4 16.4 16.2 16.2 16.1 16.0 36

37 Mutual funds 2.0 7.0 10.7 14.0 16.8 20.1 17.3 18.9 20.0 16.0 16.0 37

38 Money market mutual funds 56.2 53.3 43.3 59.2 90.9 69.7 56.9 45.1 47.9 51.4 56.5 38

39 Government-sponsored enterprises 109.4 113.9 117.8 114.6 141.7 142.6 145.6 100.0 118.0 118.9 141.9 39

40 Finance companies 104.9 79.8 29.0 -25.6 -31.3 -26.1 -27.3 -29.6 -26.3 -12.6 -3.0 40

41 REITs 29.3 40.4 51.9 59.7 55.4 57.2 59.7 61.3 54.7 54.0 50.0 41

42 Brokers and dealers 43.5 40.0 61.8 113.0 91.1 32.3 -9.7 -3.3 -97.4 -103.6 -84.1 42

43 Discrepancy -3919.0 -4309.4 -4444.7 -5695.7 -6951.4 -6762.2 -6783.4 -5864.7 -6106.2 -6385.3 -6985.4 43