March 10, 2011

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

2005-2010

Board of Governors of the Federal Reserve System, Washington D.C. 20551 
Table of Contents

Flows Levels

Title Table Page Table Page

Summaries

Total Credit Market Borrowing and Lending F.1 1 L.1 51 

Credit Market Borrowing by Nonfinancial Sectors F.2 2 L.2 52 

Credit Market Borrowing by Financial Sectors F.3 2 L.3 52 

Credit Market Borrowing, All Sectors, by Instrument F.4 3 L.4 53 

Total Liabilities and Its Relation to Total Financial Assets F.5 3 L.5 53 

Distribution of Gross Domestic Product F.6 4 

Distribution of National Income F.7 5 

Saving and Investment F.8 6 

Net Capital Transfers F.9 7 

Derivation of Measures of Personal Saving F.10 8 L.10 54 

Sectors

Households and Nonprofit Organizations F.100 9 L.100 55 

Nonfinancial Business F.101 10 L.101 56 

Nonfarm Nonfinancial Corporate Business F.102 11 L.102 57 

Nonfarm Noncorporate Business F.103 12 L.103 58 

Farm Business F.104 12 L.104 58 

State and Local Governments F.105 13 L.105 59 

Federal Government F.106 14 L.106 59 
Flows Levels

Title Table Page Table Page

Rest of the World F.107 15 L.107 60 

Monetary Authority F.108 16 L.108 61 

Commercial Banking F.109 17 L.109 62 

 U.S.-Chartered Commercial Banks F.110 18 L.110 63 

Foreign Banking Offices in U.S. F.111 19 L.111 64 

Bank Holding Companies F.112 20 L.112 65 

Banks in U.S.-Affiliated Areas F.113 20 L.113 65 

Savings Institutions F.114 21 L.114 66 

Credit Unions F.115 22 L.115 67 

Property-Casualty Insurance Companies F.116 22 L.116 67 

Life Insurance Companies F.117 23 L.117 68 

Private Pension Funds F.118 23 L.118 68 

State and Local Government Employee Retirement Funds F.119 24 L.119 69 

Federal Government Retirement Funds F.120 24 L.120 69 

Money Market Mutual Funds F.121 25 L.121 70 

Mutual Funds F.122 25 L.122 70 

Closed-End and Exchange-Traded Funds F.123 25 L.123 70 

Government-Sponsored Enterprises F.124 26 L.124 71

Agency- and GSE-Backed Mortgage Pools F.125 26 L.125 71 

Issuers of Asset-Backed Securities F.126 27 L.126 72 

Finance Companies F.127 27 L.127 72 

Real Estate Investment Trusts F.128 28 L.128 73 

Security Brokers and Dealers F.129 29 L.129 74 

Funding Corporations F.130 29 L.130 74 
Flows Levels

Title Table Page Table Page 

Instruments 

U.S. Official Reserve Assets F.200 30 L.200 75 

Special Drawing Rights (SDRs) Certificates and Treasury Currency F.201 30 L.201 75 

U.S. Deposits in Foreign Countries F.202 30 L.202 75 

Net Interbank Transactions F.203 31 L.203 76 

Checkable Deposits and Currency F.204 32 L.204 77 

Time and Savings Deposits F.205 33 L.205 78 

Money Market Mutual Fund Shares F.206 33 L.206 78 

Federal Funds and Security Repurchase Agreements F.207 34 L.207 79 

Open Market Paper F.208 34 L.208 79 

Treasury Securities F.209 35 L.209 80 

Agency- and GSE-Backed Securities F.210 36 L.210 81

Municipal Securities and Loans F.211 37 L.211 82 

Corporate and Foreign Bonds F.212 37 L.212 82 

Corporate Equities F.213 38 L.213 83 

Mutual Fund Shares F.214 38 L.214 83 

Bank Loans Not Elsewhere Classified F.215 39 L.215 84 

Other Loans and Advances F.216 40 L.216 85 

Total Mortgages F.217 41 L.217 86 

Home Mortgages F.218 42 L.218 87 

Multifamily Residential Mortgages F.219 42 L.219 87 

Commercial Mortgages F.220 43 L.220 88 

Farm Mortgages F.221 43 L.221 88 

Consumer Credit F.222 44 L.222 89 
Flows Levels

Title Table Page Table Page 

Trade Credit F.223 44 L.223 88 

Security Credit F.224 44 L.224 88 

Life Insurance and Pension Fund Reserves F.225 45 L.225 89 

Taxes Payable by Businesses F.226 45 L.226 89 

Proprietors' Equity in Noncorporate Business F.227 45 L.227 89 

Total Miscellaneous Financial Claims F.228 46 L.228 90 

 Identified Miscellaneous Financial Claims - Part I F.229 47 L.229 91 

 Identified Miscellaneous Financial Claims - Part II F.230 48 L.230 92 

Unidentified Miscellaneous Financial Claims F.231 49 L.231 93 

Sector Discrepancies F.11 50 

Instrument Discrepancies F.12 50 

Balance Reconciliation

Sheet

Title Table Page Table Page

Balance Sheet, Reconciliation, and 

Supplementary Tables 

Households and Nonprofit Organizations B.100 95 R.100 98 

Nonfarm Nonfinancial Corporate Business B.102 96 R.102 99 

Nonfarm Noncorporate Business B.103 97 R.103 100 

Consolidated Statement for Federal, State, and Local Governments F.106.c 101 L.106.c 102 

Private Pension Funds: Defined Benefit Plans F.118.b 103 L.118.b 104 

Private Pension Funds: Defined Contribution Plans F.118.c 103 L.118.c 104 

Individual Retirement Accounts (IRAs) F.225.i 103 L.225.i 104 

Balance Sheet of Households and Nonprofit Organizations 

with Equity Detail B.100.e 105 
FFA, 2005-2010, March 10, 2011 1

F.1 Total Credit Market Borrowing and Lending (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Credit market borrowing 3552.7 4042.7 4483.4 2581.8 -633.9 736.3 1

 2 Domestic nonfinancial sectors 2324.7 2413.6 2514.2 1902.2 1018.3 1610.1 2

 3 Household sector 1173.3 1186.6 873.7 -7.0 -234.5 -239.0 3

 4 Nonfinancial corporate business 323.7 467.1 743.0 292.6 -4.2 355.3 4

 5 Nonfarm noncorporate business 331.6 408.6 454.8 321.8 -294.0 -195.4 5

 6 Farm business 17.3 14.2 14.6 4.0 -2.0 4.2 6

 7 State and local governments 172.0 153.7 191.0 51.6 109.1 104.8 7

 8 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 8

 9 Rest of the world 113.0 332.6 170.3 -226.3 193.4 90.3 9

10 Financial sectors 1114.9 1296.5 1798.9 906.0 -1845.5 -964.2 10

11 Commercial banking 85.1 175.9 261.2 162.8 -162.9 -193.3 11

12 U.S.-chartered commercial banks 36.9 107.5 131.8 79.1 -152.6 -153.2 12

13 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 13

14 Bank holding companies 48.2 68.7 129.4 84.0 -10.3 -40.1 14

15 Savings institutions 22.5 -108.2 104.1 -67.1 -169.6 -42.2 15

16 Credit unions 3.3 4.2 13.4 8.3 -14.1 -1.3 16

17 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.0 17

18 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -262.8 18

19 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.0 187.3 19

20 ABS issuers 729.4 807.8 344.3 -409.2 -757.6 -460.5 20

21 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -171.5 21

22 REITs 55.4 15.5 10.2 -48.6 -33.7 12.1 22

23 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 23

24 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.9 24

25 Credit market lending 3552.7 4042.7 4483.4 2581.8 -633.9 736.3 25

26 Domestic nonfinancial sectors 424.9 214.9 485.1 -122.5 8.6 320.7 26

27 Household sector 218.0 91.9 520.4 -40.6 -269.1 142.9 27

28 Nonfinancial corporate business 42.4 -11.6 -79.1 -32.2 -9.3 27.6 28

29 Nonfarm noncorporate business 11.4 -0.1 10.0 -10.9 -7.4 -4.3 29

30 State and local governments 154.0 128.5 27.2 -125.4 -30.8 21.6 30

31 Federal government -0.9 6.1 6.6 86.5 325.2 132.9 31

32 Rest of the world 752.0 973.6 943.8 355.8 209.7 691.0 32

33 Financial sectors 2375.7 2854.2 3054.5 2348.5 -852.2 -275.5 33

34 Monetary authority 26.4 34.7 -38.3 245.4 1001.6 271.5 34

35 Commercial banking 657.1 765.4 754.2 643.7 -431.9 -210.3 35

36 U.S.-chartered commercial banks 506.6 660.0 535.7 531.1 -132.2 -184.0 36

37 Foreign banking offices in U.S. 144.5 103.7 201.7 100.7 -281.0 -29.5 37

38 Bank holding companies -4.2 3.3 23.2 13.9 -16.0 22.5 38

39 Banks in U.S.-affiliated areas 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 39

40 Savings institutions 199.4 -78.0 63.0 -276.1 -240.8 3.8 40

41 Credit unions 36.2 30.1 35.3 40.0 33.1 7.4 41

42 Property-casualty insurance companies 72.8 44.8 5.3 -15.9 33.3 -4.9 42

43 Life insurance companies 116.2 67.5 84.8 11.6 139.8 107.6 43

44 Private pension funds 45.3 58.4 102.5 90.6 111.6 107.5 44

45 State and local govt. retirement funds 18.1 114.6 12.3 13.3 -8.8 -8.6 45

46 Federal government retirement funds 7.7 8.4 11.7 24.2 7.4 11.0 46

47 Money market mutual funds -5.5 220.0 375.6 738.6 -644.0 -410.0 47

48 Mutual funds 124.1 184.9 271.1 73.3 380.7 369.7 48

49 Closed-end funds 2.2 6.0 -0.9 -40.6 10.2 4.7 49

50 Exchange-traded funds 6.8 5.7 13.3 23.0 46.0 29.7 50

51 Government-sponsored enterprises -69.1 46.6 239.0 239.1 -333.9 -324.1 51

52 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.0 187.3 52

53 ABS issuers 732.9 799.8 341.4 -392.6 -723.0 -450.7 53

54 Finance companies 64.7 71.0 16.6 -72.3 -223.3 -132.6 54

55 REITs 41.0 26.1 -21.2 -63.9 -12.5 4.5 55

56 Brokers and dealers 82.3 106.2 219.7 -85.7 -192.1 32.3 56

57 Funding corporations 52.7 49.5 -54.3 656.0 -220.6 129.0 57

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 2005-2010, March 10, 2011

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Domestic 2324.7 2413.6 2514.2 1902.2 1018.3 1610.1 1

 2 By instrument 2324.7 2413.6 2514.2 1902.2 1018.3 1610.1 2

 3 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 3

 4 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 4

 5 Agency- and GSE-backed securities -0.4 -0.3 -0.4 0.2 0.1 0.7 5

 6 Municipal securities 195.0 177.4 215.6 61.4 128.7 116.2 6

 7 Corporate bonds 56.7 215.6 311.2 204.6 377.2 419.9 7

 8 Bank loans n.e.c. 134.5 175.3 240.2 192.5 -296.1 -26.1 8

 9 Other loans and advances 119.3 159.8 311.0 74.9 -154.3 24.9 9

10 Mortgages 1419.7 1384.2 1048.5 83.1 -292.9 -485.2 10

11 Home 1114.2 1073.2 711.6 -106.5 -210.0 -311.6 11

12 Multifamily residential 62.4 40.4 81.7 43.7 9.4 -8.6 12

13 Commercial 234.0 267.4 250.5 125.0 -93.3 -163.1 13

14 Farm 9.1 3.3 4.6 20.9 0.9 -1.9 14

15 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 15

16 By sector 2324.7 2413.6 2514.2 1902.2 1018.3 1610.1 16

17 Household sector 1173.3 1186.6 873.7 -7.0 -234.5 -239.0 17

18 Nonfinancial business 672.6 889.9 1212.3 618.4 -300.3 164.1 18

19 Corporate 323.7 467.1 743.0 292.6 -4.2 355.3 19

20 Nonfarm noncorporate 331.6 408.6 454.8 321.8 -294.0 -195.4 20

21 Farm 17.3 14.2 14.6 4.0 -2.0 4.2 21

22 State and local governments 172.0 153.7 191.0 51.6 109.1 104.8 22

23 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 23

24 Foreign borrowing in U.S. 113.0 332.6 170.3 -226.3 193.4 90.3 24

25 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -5.4 25

26 Bonds 64.5 227.8 218.7 -158.9 144.9 77.8 26

27 Bank loans n.e.c. 14.5 13.8 24.1 5.1 -11.2 17.9 27

28 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.0 28

29 Domestic and foreign 2437.8 2746.2 2684.5 1675.9 1211.7 1700.5 29

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 1114.9 1296.5 1798.9 906.0 -1845.5 -964.2 1

 2 Open market paper 214.2 196.3 -111.4 -125.6 -448.2 -99.1 2

 3 GSE issues -84.0 35.6 282.4 271.7 -475.3 -262.8 3

 4 Agency- and GSE-backed mortgage pool sec. 164.5 292.6 623.3 497.0 415.0 187.3 4

 5 Corporate bonds 743.0 806.5 703.3 -273.3 -590.3 -536.6 5

 6 Bank loans n.e.c. 18.8 -62.3 70.9 496.1 -467.4 -96.5 6

 7 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -158.7 7

 8 Mortgages 14.1 6.6 4.7 6.8 3.4 2.1 8

 9 By sector 1114.9 1296.5 1798.9 906.0 -1845.5 -964.2 9

10 Commercial banking 85.1 175.9 261.2 162.8 -162.9 -193.3 10

11 U.S.-chartered commercial banks 36.9 107.5 131.8 79.1 -152.6 -153.2 11

12 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 12

13 Bank holding companies 48.2 68.7 129.4 84.0 -10.3 -40.1 13

14 Savings institutions 22.5 -108.2 104.1 -67.1 -169.6 -42.2 14

15 Credit unions 3.3 4.2 13.4 8.3 -14.1 -1.3 15

16 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.0 16

17 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -262.8 17

18 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.0 187.3 18

19 ABS issuers 729.4 807.8 344.3 -409.2 -757.6 -460.5 19

20 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -171.5 20

21 REITs 55.4 15.5 10.2 -48.6 -33.7 12.1 21

22 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 22

23 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.9 23
FFA, 2005-2010, March 10, 2011 3

F.4 Credit Market Borrowing, All Sectors, by Instrument

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total 3552.7 4042.7 4483.4 2581.8 -633.9 736.3 1

 2 Open market paper 245.1 317.1 -169.4 -189.0 -461.9 -79.9 2

 3 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 3

 4 Agency- and GSE-backed securities 80.0 327.9 905.3 768.9 -60.2 -74.8 4

 5 Municipal securities 195.0 177.4 215.6 61.4 128.7 116.2 5

 6 Corporate and foreign bonds 864.2 1249.9 1233.2 -227.6 -68.2 -38.9 6

 7 Bank loans n.e.c. 167.8 126.9 335.1 693.7 -774.6 -104.7 7

 8 Other loans and advances 159.1 173.6 533.6 106.7 -436.6 -133.9 8

 9 Mortgages 1433.8 1390.8 1053.1 89.9 -289.5 -483.1 9

10 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 183.6 -31.8 -95.5 296.9 804.4 376.1 11

12 Corporate equities -76.6 -368.6 -460.2 266.0 313.9 -0.2 12

13 Nonfinancial -341.8 -565.7 -786.8 -336.0 -64.6 -274.0 13

 Foreign shares purchased by

14 U.S. residents 186.7 137.3 147.8 -39.0 63.3 81.2 14

15 Financial 78.5 59.7 178.9 640.9 315.2 192.6 15

16 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 376.4 16

F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets

Billions of dollars

 Net flows through credit markets

 1 (from table F.4, line 1) 3552.7 4042.7 4483.4 2581.8 -633.9 736.3 1

 2 U.S. official reserve assets -14.1 -2.4 0.1 4.8 99.9 2.2 2

 3 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 3

 4 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 4

 5 Foreign deposits 40.8 87.2 257.0 -402.1 -171.6 81.4 5

 6 Net interbank transactions -12.4 -11.3 -97.5 1801.9 -607.9 -176.8 6

 7 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.7 7

 8 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.2 8

 9 Large time deposits 284.4 261.2 283.4 -190.6 -141.8 -182.4 9

10 Money market fund shares 127.0 305.3 720.9 724.2 -499.0 -502.9 10

11 Security RPs 315.2 403.2 8.1 -888.4 211.3 -220.0 11

12 Corporate equities -76.6 -368.6 -460.2 266.0 313.9 -0.2 12

13 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 376.4 13

14 Trade payables 340.8 189.1 202.0 -174.1 4.9 216.1 14

15 Security credit 0.2 211.5 276.5 -397.9 -95.9 123.6 15

16 Life insurance reserves 16.1 65.6 34.2 67.0 26.5 62.6 16

17 Pension fund reserves 275.4 250.6 200.8 112.7 111.6 118.6 17

18 Taxes payable -4.7 22.5 -69.3 -123.8 -4.2 -1.1 18

19 Noncorporate proprietors’ equity -56.0 -11.0 -33.2 -289.0 -66.6 24.7 19

20 Miscellaneous 1265.0 1863.5 2559.3 2245.2 -75.9 1433.1 20

21 Total financial sources 6633.7 7973.6 9082.7 6461.2 -526.1 2656.1 21

 - Liabilities not identified as assets:

22 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 22

23 Foreign deposits 12.3 106.8 197.5 -354.4 -138.1 34.1 23

24 Net interbank liabilities -3.6 -1.9 1.8 30.6 34.4 -20.0 24

25 Security RPs 106.3 304.5 -225.0 -587.1 404.9 -101.8 25

26 Taxes payable -45.6 17.3 -34.6 -58.8 -8.4 -36.8 26

27 Miscellaneous -92.2 -651.2 -9.7 2068.5 135.9 382.5 27

 - Floats not included in assets:

28 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Federal govt. -6.6 -3.0 1.2 -3.3 0.7 -0.0 29

30 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 30

31 Trade credit -30.4 145.9 -46.4 8.0 208.3 134.0 31

 Totals identified to sectors

32 as assets 6691.1 8056.2 9199.3 5360.6 -1158.6 2266.3 32
4 FFA, 2005-2010, March 10, 2011

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross Domestic Product (GDP) 12638.4 13398.9 14061.8 14369.1 14119.0 14657.8 1

 2 Personal consumption expenditures (2) 8819.0 9322.7 9806.3 10104.5 10001.3 10350.6 2

 3 Durable goods 1105.5 1133.0 1159.4 1083.5 1026.5 1089.3 3

 4 Nondurable goods 1968.4 2088.7 2198.2 2296.0 2204.2 2337.4 4

 5 Services 5745.1 6100.9 6448.6 6725.0 6770.6 6923.9 5

 6 Gross private domestic investment 2172.2 2327.2 2295.2 2096.7 1589.2 1822.5 6

 7 Fixed investment 2122.3 2267.2 2266.1 2137.8 1716.4 1753.6 7

 8 Nonresidential 1347.3 1505.3 1637.5 1665.3 1364.4 1413.2 8

 9 Household sector (nonprofit organizations) 99.1 107.5 120.2 129.4 118.9 120.1 9

10 Nonfinancial corporate business 915.0 1036.7 1114.2 1131.1 919.1 943.6 10

11 Nonfarm noncorporate business 141.8 163.2 178.5 178.5 142.8 159.9 11

12 Farm business 36.3 35.2 37.1 43.1 36.9 39.9 12

13 Financial institutions 155.3 162.7 187.5 183.3 146.7 149.8 13

14 Residential 774.9 761.9 628.6 472.5 352.1 340.4 14

15 Household sector 681.9 670.1 541.7 397.2 293.8 283.5 15

16 Nonfinancial corporate business 4.1 3.2 15.7 5.5 4.4 -1.8 16

17 Nonfarm noncorporate business 86.4 85.0 80.5 69.6 54.0 53.0 17

18 REITs 2.5 3.5 -9.3 0.1 -0.1 5.6 18

19 Change in private inventories 50.0 60.0 29.1 -41.1 -127.2 68.9 19

20 Nonfinancial corporate business 47.3 60.4 28.3 -40.6 -124.5 59.3 20

21 Nonfarm noncorporate business 2.5 3.2 1.5 -2.1 -6.6 3.1 21

22 Farm business 0.1 -3.6 -0.7 1.6 3.8 6.5 22

23 Net U.S. exports of goods and services -722.7 -769.3 -714.0 -710.5 -386.4 -515.7 23

24 Exports 1305.1 1471.0 1661.7 1843.4 1578.4 1838.5 24

25 - Imports 2027.8 2240.3 2375.7 2553.8 1964.7 2354.1 25

 Government consumption expenditures and

26 gross investment 2369.9 2518.4 2674.2 2878.3 2914.9 3000.3 26

27 Consumption expenditures (3) 1977.9 2093.3 2217.8 2382.8 2411.5 2490.7 27

28 Federal 765.8 811.0 848.9 934.6 987.1 1043.5 28

29 State and local 1212.0 1282.3 1368.9 1448.2 1424.4 1447.2 29

30 Gross investment (3) 392.0 425.1 456.5 495.5 503.4 509.6 30

31 Federal 110.5 120.7 127.4 145.3 152.4 170.8 31

32 State and local 281.6 304.4 329.0 350.3 351.0 338.9 32

 Memo:

33 Net U.S. income receipts from rest of the world 97.1 72.4 123.3 174.5 146.3 194.3 33

34 U.S. income receipts 573.0 721.1 871.0 839.2 629.8 702.4 34

35 - U.S. income payments 475.9 648.6 747.7 664.7 483.6 508.1 35

 Gross National Product (GNP) =

36 GDP + net U.S. income receipts 12735.5 13471.3 14185.1 14543.6 14265.3 14852.1 36

 Acquisition of nonproduced nonfinancial assets (net)

37 Household sector -9.2 -10.2 -11.3 -11.5 -11.3 -12.0 37

38 Nonfinancial corporate business -0.6 12.5 -1.7 16.7 5.0 -2.5 38

39 State and local governments 10.3 11.1 13.8 13.9 13.4 14.3 39

40 Federal governments -0.5 -13.3 -1.3 -19.2 -7.0 0.3 40

41 Rest of the world 0.1 -0.1 0.5 -0.0 0.0 0.0 41

(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Component of personal outlays, found on table F.100, line 4.

(3) Government inventory investment is included in consumption expenditures.
FFA, 2005-2010, March 10, 2011 5

F.7 Distribution of National Income (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 National Income 11273.8 12031.2 12396.4 12557.8 12225.1 12822.5 1

 2 Compensation of employees 7065.0 7477.0 7855.9 8060.8 7811.7 7991.3 2

 3 Wages and other labor income 6632.6 7029.0 7402.2 7595.7 7346.1 7512.1 3

 4 Employer social insurance contributions 427.5 446.7 459.9 470.1 460.6 479.2 4

 5 Wage accruals less disbursements 5.0 1.3 -6.3 -5.0 5.0 0.0 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 1069.8 1133.0 1090.4 1102.0 1011.9 1055.3 6

 7 Nonfarm 1025.9 1103.6 1052.6 1051.2 981.5 1010.3 7

 8 Farm 43.9 29.3 37.8 50.8 30.5 44.9 8

 Rental income of persons (with capital

 9 consumption adjustment) 178.2 146.5 143.7 222.0 274.0 301.2 9

 Corporate profits with inventory

10 valuation and capital consumption adjustments 1456.1 1608.3 1510.6 1262.8 1258.0 1619.6 10

 Corporate profits with inventory

11 valuation adjustment 1609.5 1784.7 1691.1 1289.1 1328.6 1751.0 11

12 Profits before tax 1640.2 1822.7 1738.4 1333.2 1316.7 1769.1 12

13 Domestic nonfinancial 954.1 1115.1 1037.6 778.6 703.4 998.7 13

14 Farm 3.0 2.8 4.4 3.4 3.0 3.4 14

15 Rest of the world 239.4 256.8 350.9 411.3 352.3 386.4 15

16 Domestic financial 443.6 448.0 345.5 139.9 258.0 380.5 16

 Less:

17 Taxes on corporate income 412.4 473.3 445.5 308.4 254.9 395.0 17

18 Domestic nonfinancial 271.0 306.9 293.0 225.7 169.7 261.9 18

19 Farm 0.9 0.7 0.8 0.7 0.7 1.1 19

20 Domestic financial 140.5 165.6 151.7 82.0 84.5 132.0 20

 Equals:

21 Profits after tax 1227.8 1349.5 1292.9 1024.8 1061.8 1374.1 21

22 Net dividends 557.3 704.8 794.5 797.7 718.9 732.6 22

23 Domestic nonfinancial 168.0 465.8 480.4 479.8 508.9 509.9 23

24 Farm 2.9 5.3 4.2 3.0 2.5 2.5 24

25 Rest of the world 260.9 77.9 144.8 186.1 107.3 119.7 25

26 Domestic financial 125.6 155.7 165.2 128.8 100.2 100.4 26

27 Undistributed profits 670.5 644.7 498.4 227.2 342.9 641.6 27

28 Domestic nonfinancial 515.1 342.3 264.2 73.1 24.8 226.9 28

29 Farm -0.7 -3.2 -0.5 -0.3 -0.1 -0.2 29

30 Rest of the world -21.4 178.9 206.1 225.1 245.0 266.8 30

31 Domestic financial 177.4 126.6 28.7 -70.8 73.2 148.1 31

32 Inventory valuation adjustment -30.7 -38.0 -47.2 -44.1 11.9 -18.1 32

33 Capital consumption adjustment -153.4 -176.4 -180.5 -26.3 -70.6 -131.5 33

34 Domestic nonfinancial -128.8 -156.0 -158.8 -14.4 -55.1 -110.3 34

35 Farm 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Domestic financial -24.6 -20.4 -21.7 -12.0 -15.6 -21.1 36

37 Net interest and miscellaneous payments 543.1 652.2 731.6 812.8 784.3 737.3 37

38 Taxes on production and imports 930.2 986.8 1027.2 1045.1 1024.7 1058.1 38

39 Less: Subsidies 60.9 51.4 54.6 52.8 60.3 59.0 39

40 Business current transfer payments (net) 95.9 83.0 103.3 121.7 134.0 132.1 40

41 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.7 -13.2 -13.3 41

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

42 National Income, from line 1 above 11273.8 12031.2 12396.4 12557.8 12225.1 12822.5 42

 Plus:

43 Private consumption of fixed capital 1290.8 1391.4 1476.2 1536.9 1535.8 1533.9 43

44 Government consumption of fixed capital 250.6 269.3 291.3 312.3 325.3 334.9 44

45 Statistical discrepancy -79.7 -220.6 21.1 136.6 179.1 157.1 45

 Less:

46 Net U.S. income receipts from rest of the world 97.1 72.4 123.3 174.5 146.3 194.3 46

 Equals:

47 Gross Domestic Product 12638.4 13398.9 14061.8 14369.1 14119.0 14657.8 47

(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
6 FFA, 2005-2010, March 10, 2011

F.8 Saving and Investment by Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 1903.4 2174.4 2013.6 1785.2 1533.8 1700.6 1

 2 Net saving 362.0 513.7 246.1 -64.0 -327.4 -168.2 2

 3 Net private saving 619.1 666.5 479.1 599.6 944.5 1147.7 3

 4 Domestic business 486.4 430.3 270.7 156.7 284.2 492.0 4

 5 Nonfinancial corporate business 338.6 295.4 226.3 196.7 178.2 147.1 5

 6 Financial business 147.7 134.8 44.3 -40.0 106.0 344.9 6

 7 Households and institutions 132.7 236.2 208.4 442.9 660.3 655.7 7

 8 Net government saving -257.1 -152.7 -233.0 -663.6 -1271.8 -1316.0 8

 9 Federal -283.0 -203.8 -245.2 -616.2 -1251.7 -1353.8 9

10 State and local 25.9 51.0 12.2 -47.4 -20.1 37.8 10

11 Consumption of fixed capital 1541.4 1660.7 1767.5 1849.2 1861.1 1868.8 11

12 Private 1290.8 1391.4 1476.2 1536.9 1535.8 1533.9 12

13 Domestic business 1045.7 1123.3 1190.7 1244.5 1245.2 1241.4 13

14 Nonfinancial corporate business (2) 743.0 800.9 840.1 878.8 879.0 876.1 14

15 Nonfinancial noncorporate business (3) 175.5 189.6 210.1 218.3 217.7 215.6 15

16 Financial business 127.3 132.8 140.6 147.4 148.5 149.6 16

17 Households and institutions 245.1 268.1 285.5 292.4 290.6 292.5 17

18 Government 250.6 269.3 291.3 312.3 325.3 334.9 18

19 Federal 100.4 106.6 112.6 119.8 124.4 129.7 19

20 State and local 150.1 162.7 178.7 192.6 200.9 205.2 20

 Gross domestic investment, capital account

21 transactions, and net lending, NIPAs 1823.7 1953.8 2034.8 1921.8 1712.9 1857.7 21

22 Gross domestic investment 2564.2 2752.2 2751.7 2592.2 2092.6 2332.2 22

23 Gross private domestic investment 2172.2 2327.2 2295.2 2096.7 1589.2 1822.5 23

24 Domestic business 1391.2 1549.5 1633.3 1570.1 1176.5 1419.0 24

25 Nonfinancial corporate business (2) 998.0 1138.9 1162.1 1112.2 813.3 1038.8 25

26 Nonfinancial noncorporate business (3) 238.0 248.0 283.7 274.7 216.5 230.4 26

27 Financial business 155.3 162.7 187.5 183.3 146.7 149.8 27

28 Households and institutions 781.0 777.7 661.9 526.6 412.7 403.5 28

29 Gross government investment 392.0 425.1 456.5 495.5 503.4 509.6 29

30 Federal 110.5 120.7 127.4 145.3 152.4 170.8 30

31 State and local 281.6 304.4 329.0 350.3 351.0 338.9 31

32 Capital account transactions (net) (4) -12.9 2.1 -0.1 -5.4 0.6 0.5 32

33 Private -32.6 19.0 -10.0 -70.9 -142.2 -84.7 33

34 Domestic business -1.5 12.5 -1.7 -50.7 -125.0 -55.5 34

35 Nonfinancial corporate business (2) -16.1 12.5 -1.7 13.1 3.0 -6.2 35

36 Nonfinancial noncorporate business (3) -13.1 0.0 0.0 -3.3 -6.0 -7.8 36

37 Financial business 27.7 0.0 0.0 -60.5 -121.9 -41.5 37

38 Households and institutions -31.2 6.5 -8.3 -20.2 -17.3 -29.2 38

39 Government 19.8 -17.0 10.0 65.4 142.8 85.2 39

40 Federal 59.3 29.3 55.0 113.5 196.8 137.2 40

41 State and local -39.5 -46.3 -45.1 -48.0 -54.0 -52.1 41

42 Net lending (+) or net borrowing (-), NIPAs (5) -727.7 -800.5 -716.8 -665.0 -380.3 -475.0 42

43 Private -309.4 -508.9 -308.7 247.3 1212.5 1101.0 43

44 Domestic business 62.7 -229.0 -149.0 18.4 657.0 527.0 44

45 Nonfinancial corporate business (2) (5) 20.1 -275.5 -72.9 86.9 420.1 147.8 45

46 Nonfinancial noncorporate business (3) -49.4 -58.4 -73.6 -53.1 7.2 -7.0 46

47 Financial business 92.0 104.9 -2.6 -15.4 229.7 386.2 47

48 Households and institutions -372.0 -279.9 -159.7 228.9 555.5 573.9 48

49 Government -418.3 -291.6 -408.1 -912.3 -1592.7 -1575.9 49

50 Federal -352.4 -247.2 -315.0 -755.2 -1476.6 -1532.1 50

51 State and local -66.0 -44.3 -93.1 -157.1 -116.1 -43.8 51

52 Statistical discrepancy (line 21 less line 1) -79.7 -220.6 21.1 136.6 179.1 157.1 52

 Addenda:

53 Disaster losses 110.4 0.0 0.0 19.1 0.0 0.0 53

54 Private 99.2 0.0 0.0 19.1 0.0 0.0 54

55 Domestic business 48.8 0.0 0.0 10.8 0.0 0.0 55

56 Households and institutions 50.4 0.0 0.0 8.3 0.0 0.0 56

57 Government 11.2 0.0 0.0 0.0 0.0 0.0 57

58 Federal 0.5 0.0 0.0 0.0 0.0 0.0 58

59 State and local 10.7 0.0 0.0 0.0 0.0 0.0 59

(1) This table is based on NIPA table 5.1 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov). It is consistent with the Integrated Macroeconomic Accounts of the

 United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.

(2) Includes corporate farms.

(3) Includes noncorporate farms.

(4) Consists of net capital transfers shown on table F.9 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.6.

(5) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
FFA, 2005-2010, March 10, 2011 7

F.9 Net Capital Transfers (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Capital transfers paid, by sector 165.7 103.6 114.5 208.5 249.9 171.9 1

 2 By private business 28.9 0.0 0.0 7.6 0.0 0.2 2

 3 Financial corporations 28.9 0.0 0.0 7.6 0.0 0.0 3

 4 Disaster-related insurance benefits 28.9 0.0 0.0 7.6 0.0 0.0 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations (disaster-related) 0.0 0.0 0.0 0.0 0.0 0.2 6

 7 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 By government 91.2 70.5 82.8 160.8 224.6 152.4 8

 9 Federal 84.8 70.5 82.8 160.8 224.6 152.4 9

10 Investment grants to state and local govts. 48.9 52.1 53.7 56.2 62.8 62.3 10

11 Disaster-related insurance benefits 17.3 0.0 0.0 2.8 0.0 0.0 11

12 Financial stabilization payments 0.0 0.0 0.0 67.7 121.9 41.5 12

13 Other capital transfers paid to business 0.0 0.0 0.0 0.0 8.0 11.7 13

14 Other capital transfers paid to persons 15.9 16.4 28.7 33.3 31.3 36.4 14

15 Capital transfers paid to the rest of the world (net) 2.6 2.0 0.4 0.8 0.6 0.5 15

16 State and local 6.4 0.0 0.0 0.0 0.0 0.0 16

17 Disaster-related insurance benefits 6.4 0.0 0.0 0.0 0.0 0.0 17

18 By persons 30.3 33.1 31.7 33.9 25.3 19.3 18

19 Estate and gift taxes, federal 25.0 27.8 26.5 28.2 20.7 15.5 19

20 Estate and gift taxes, state and local 5.3 5.3 5.3 5.7 4.6 3.8 20

21 By the rest of the world 15.4 0.0 0.0 6.2 0.0 0.0 21

22 Disaster-related insurance benefits 15.4 0.0 0.0 6.2 0.0 0.0 22

23 Other 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital transfers received, by sector 165.7 103.6 114.5 208.5 249.9 171.9 24

25 By private business 29.7 0.0 0.0 75.0 129.9 53.2 25

26 Financial corporations 1.1 0.0 0.0 68.1 121.9 41.5 26

27 Disaster-related insurance benefits 1.1 0.0 0.0 0.4 0.0 0.0 27

28 Other 0.0 0.0 0.0 67.7 121.9 41.5 28

29 Nonfinancial corporations 15.5 0.0 0.0 3.6 2.0 3.9 29

30 Disaster-related insurance benefits 15.5 0.0 0.0 3.6 0.0 0.0 30

31 Other 0.0 0.0 0.0 0.0 2.0 3.9 31

32 Noncorporate business 13.1 0.0 0.0 3.3 6.0 7.8 32

33 Disaster-related insurance benefits 13.1 0.0 0.0 3.3 0.0 0.0 33

34 Other 0.0 0.0 0.0 0.0 6.0 7.8 34

35 By government 81.2 85.2 85.4 90.1 88.1 81.8 35

36 Federal 25.0 27.8 26.5 28.2 20.7 15.5 36

37 Estate and gift taxes paid by persons 25.0 27.8 26.5 28.2 20.7 15.5 37

38 State and local 56.2 57.4 58.9 61.9 67.4 66.3 38

39 Disaster-related insurance benefits 2.1 0.0 0.0 0.0 0.0 0.2 39

40 Estate and gift taxes paid by persons 5.3 5.3 5.3 5.7 4.6 3.8 40

41 Investment grants paid by federal government 48.9 52.1 53.7 56.2 62.8 62.3 41

42 By persons 52.2 16.4 28.7 42.6 31.3 36.4 42

43 Disaster-related insurance benefits 36.3 0.0 0.0 9.3 0.0 0.0 43

44 Other 15.9 16.4 28.7 33.3 31.3 36.4 44

45 By the rest of the world 2.6 2.0 0.4 0.8 0.6 0.5 45

46 Capital transfers paid by U.S. government 2.6 2.0 0.4 0.8 0.6 0.5 46

47 Other 0.0 0.0 0.0 0.0 0.0 0.0 47

 Addenda: Net capital transfers paid by sector

48 By private business (lines 2-25) -0.9 -0.0 -0.0 -67.4 -129.9 -53.0 48

49 Financial corporations (lines 3-26) 27.7 0.0 0.0 -60.5 -121.9 -41.5 49

50 Property-casualty insurance companies (line 4) 28.9 0.0 0.0 7.6 0.0 0.0 50

51 U.S.-chartered commercial banks -1.1 0.0 0.0 -29.7 -18.2 2.8 51

52 Financial stabilization payments (2) 0.0 0.0 0.0 -29.3 -18.2 2.8 52

53 Other (lines 5-27) -1.1 0.0 0.0 -0.4 0.0 0.0 53

54 Bank holding companies (GMAC) (2) 0.0 0.0 0.0 -3.2 -11.3 -1.9 54

55 Government-sponsored enterprises (2) 0.0 0.0 0.0 -6.9 -87.1 -40.2 55

56 Funding corporations (AIG) (2) 0.0 0.0 0.0 -28.3 -5.3 -2.2 56

57 Nonfinancial corporations (lines 6-29) -15.5 -0.0 -0.0 -3.6 -2.0 -3.7 57

58 Noncorporate business (lines 7-32) -13.1 0.0 0.0 -3.3 -6.0 -7.8 58

59 By government (lines 8-35) 10.0 -14.7 -2.6 70.7 136.5 70.6 59

60 Federal (lines 9-36) 59.8 42.7 56.3 132.6 203.8 136.9 60

61 State and local (lines 16-38) -49.8 -57.4 -58.9 -61.9 -67.4 -66.3 61

62 By persons (lines 18-42) -21.9 16.8 3.0 -8.7 -6.0 -17.1 62

63 By the rest of the world (lines 21-45) 12.8 -2.0 -0.4 5.4 -0.6 -0.5 63

(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Sum of lines 52, 54, 55, and 56 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Flow of Funds Accounts.
8 FFA, 2005-2010, March 10, 2011

F.10 Derivation of Measures of Personal Saving (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net acquisition of financial assets 1209.1 1232.5 1528.7 723.4 -115.9 460.3 1

 2 Foreign deposits 2.4 5.2 15.4 -24.1 -10.3 4.9 2

 3 Checkable deposits and currency -50.5 30.9 -5.0 240.5 33.5 -58.5 3

 4 Time and savings deposits 510.5 506.8 492.1 193.0 61.9 233.4 4

 5 Money market fund shares 47.6 168.4 235.4 235.1 -274.6 -185.0 5

 6 Securities 14.4 -309.3 -112.6 -159.4 209.1 330.3 6

 7 Open market paper 14.7 19.0 -10.2 -101.3 28.7 28.8 7

 8 U.S. savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 8

 9 Other Treasury securities -97.3 -90.2 -34.5 151.8 383.4 270.2 9

10 Agency- and GSE-backed securities 97.0 -65.0 335.5 95.6 -624.6 -5.1 10

11 Municipal securities 78.7 52.1 23.5 7.0 106.7 85.2 11

12 Corporate and foreign bonds 119.6 197.0 218.4 -213.3 -150.3 -228.7 12

13 Corporate equities (2) -372.5 -585.0 -847.9 -111.9 104.4 -103.2 13

14 Mutual fund shares 173.5 165.4 208.5 15.2 363.7 286.4 14

15 Life insurance reserves 16.1 65.6 34.2 67.0 26.5 62.6 15

16 Pension fund reserves 275.4 250.6 200.8 112.7 111.6 118.6 16

17 Miscellaneous and other assets 393.2 514.3 668.5 58.6 -273.8 -46.0 17

18 Gross investment in tangible assets 2037.9 2067.3 2010.0 1801.5 1576.4 1639.0 18

19 Residential fixed investment 768.3 755.2 622.2 466.9 347.8 336.5 19

20 Nonresidential fixed investment 248.1 270.2 322.4 335.2 285.0 289.3 20

21 Consumer durables 1028.2 1051.9 1075.8 1011.7 958.5 1017.1 21

22 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.5 -11.3 -12.0 22

23 Inventories 2.6 0.3 0.9 -0.9 -3.6 8.2 23

24 Consumption of fixed capital 1208.9 1281.0 1352.4 1393.9 1404.0 1388.3 24

25 Residential fixed investment 236.8 258.9 269.8 272.1 265.8 265.5 25

26 Nonresidential fixed investment 182.9 197.9 225.7 238.5 242.5 243.3 26

27 Consumer durables 789.2 824.2 856.9 883.2 895.7 879.5 27

28 Net investment in tangible assets (3) 829.0 786.3 657.6 407.5 172.3 250.8 28

29 Residential fixed investment 531.6 496.3 352.4 194.8 81.9 71.0 29

30 Nonresidential fixed investment 65.1 72.3 96.7 96.7 42.5 46.0 30

31 Consumer durables 239.0 227.6 218.9 128.4 62.7 137.6 31

32 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.5 -11.3 -12.0 32

33 Inventories 2.6 0.3 0.9 -0.9 -3.6 8.2 33

34 Net increase in liabilities 1701.0 1847.1 1511.4 302.0 -412.6 -320.2 34

35 Mortgage debt on nonfarm homes 1106.5 1064.9 708.8 -96.3 -197.6 -304.8 35

36 Other mortgage debt 118.1 235.8 299.0 204.3 -57.7 -104.8 36

37 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 37

38 Policy loans 0.8 3.3 3.6 5.9 0.7 3.5 38

39 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 39

40 Other liabilities 406.8 387.9 327.3 310.0 -80.9 55.0 40

41 Net capital transfers paid (4) -35.0 16.8 3.0 -12.0 -12.0 -24.9 41

42 Personal saving, FOF concept (FOF) 302.1 188.5 677.9 817.0 457.0 1006.4 42

43 - Net investment in consumer durables 239.0 227.6 218.9 128.4 62.7 137.6 43

44 - Government insurance and pension fund reserves (5) 0.7 0.1 0.1 -0.6 0.5 -1.7 44

45 = Personal saving, NIPA concept (FOF) (6) 62.5 -39.2 458.9 689.2 393.9 870.5 45

46 Personal saving, NIPA concept (NIPA) 127.7 235.0 214.7 447.9 655.3 655.7 46

47 Difference -65.3 -274.2 244.2 241.3 -261.4 214.7 47

 Memo:

48 Disposable personal income 9277.3 9915.7 10423.6 10952.9 11034.9 11377.5 48

 Personal saving as a percentage of disposable personal income:

49 FOF concept (FOF data) (line 42) 3.3 1.9 6.5 7.5 4.1 8.8 49

50 NIPA concept (FOF data) (line 45) 0.7 -0.4 4.4 6.3 3.6 7.7 50

51 NIPA concept (NIPA data) (line 46) 1.4 2.4 2.1 4.1 5.9 5.8 51

52 Difference (line 47) -0.7 -2.8 2.3 2.2 -2.4 1.9 52

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

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

(3) Line 18 less line 24.

(4) Table F.9, line 58 plus line 62.

(5) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(6) Line 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 44) plus

 net investment in tangible assets net of consumer durables (line 28 less line 43) less net increase in liabilities (line 34) plus net capital transfers paid (line 41). Line 46 is disposable personal income (line 48) less

 personal outlays (table F.100, line 4).
FFA, 2005-2010, March 10, 2011 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Personal income 10485.9 11268.1 11912.3 12391.1 12174.9 12544.6 1

 2 - Personal current taxes 1208.6 1352.4 1488.7 1438.2 1140.0 1167.1 2

 3 = Disposable personal income 9277.3 9915.7 10423.6 10952.9 11034.9 11377.5 3

 4 - Personal outlays 9149.6 9680.7 10208.9 10505.0 10379.6 10721.8 4

 5 = Personal saving, NIPA (2) 127.7 235.0 214.7 447.9 655.3 655.7 5

 6 + Government insurance and pension reserves (3) 0.7 0.1 0.1 -0.6 0.5 -1.7 6

 7 + Net investment in consumer durables 239.0 227.6 218.9 128.4 62.7 137.6 7

 8 + Consumption of fixed capital 1037.2 1095.7 1142.3 1175.7 1186.3 1172.0 8

 9 - Net capital transfers paid (4) -21.9 16.8 3.0 -8.7 -6.0 -17.1 9

10 = Gross saving less net capital transfers paid 1426.5 1541.7 1573.0 1760.1 1910.8 1980.8 10

11 Gross investment 1361.3 1267.5 1817.2 2001.4 1649.4 2195.5 11

12 Capital expenditures 1799.9 1819.3 1726.3 1526.8 1359.8 1408.6 12

13 Residential 681.9 670.1 541.7 397.2 293.8 283.5 13

14 Consumer durable goods 1028.2 1051.9 1075.8 1011.7 958.5 1017.1 14

15 Nonprofit nonresidential 99.1 107.5 120.2 129.4 118.9 120.1 15

16 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.5 -11.3 -12.0 16

17 Net lending (+) or net borrowing (-) -438.7 -551.8 90.9 474.6 289.5 786.9 17

18 Net acquisition of financial assets 717.1 708.6 1013.7 325.8 99.2 641.4 18

19 Foreign deposits 2.4 5.2 15.4 -24.1 -10.3 4.9 19

20 Checkable deposits and currency -127.2 -43.8 -71.8 236.8 71.4 -36.7 20

21 Time and savings deposits 487.1 486.5 477.2 194.3 89.5 249.4 21

22 Money market fund shares 45.2 165.2 233.3 234.1 -268.8 -181.6 22

23 Credit market instruments 218.0 91.9 520.4 -40.6 -269.1 142.9 23

24 Open market paper 14.7 19.0 -10.2 -101.3 28.7 28.8 24

25 Treasury securities -102.6 -93.1 -43.5 157.0 384.6 269.2 25

26 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 26

27 Other -103.3 -90.3 -37.5 159.4 387.3 272.5 27

28 Agency- and GSE-backed securities 97.0 -65.0 335.5 95.6 -624.6 -5.1 28

29 Municipal securities 78.6 50.8 24.0 7.3 107.1 85.4 29

30 Corporate and foreign bonds 119.6 197.0 218.4 -213.3 -150.3 -228.7 30

31 Other loans and advances (5) 2.7 0.4 8.5 12.2 -5.3 3.4 31

32 Mortgages 8.1 -17.3 -12.3 2.0 -9.3 -10.2 32

33 Corporate equities (6) -372.5 -585.0 -847.9 -111.9 104.4 -103.2 33

34 Mutual fund shares 173.5 165.4 208.5 15.2 363.7 286.4 34

35 Security credit -3.0 80.4 210.8 -123.8 -74.1 25.7 35

36 Life insurance reserves 16.1 65.6 34.2 67.0 26.5 62.6 36

37 Pension fund reserves 275.4 250.6 200.8 112.7 111.6 118.6 37

38 Equity in noncorporate business -56.0 -11.0 -33.2 -289.0 -66.6 24.7 38

39 Miscellaneous assets 58.0 37.4 66.1 55.2 21.1 47.7 39

40 Net increase in liabilities 1155.8 1260.4 922.8 -148.8 -190.3 -145.5 40

41 Credit market instruments 1173.3 1186.6 873.7 -7.0 -234.5 -239.0 41

42 Home mortgages (7) 1039.0 990.7 674.8 -49.4 -155.7 -269.1 42

43 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 43

44 Municipal securities 16.0 18.9 17.1 8.1 14.9 4.0 44

45 Bank loans n.e.c. (8) 9.7 49.9 13.4 18.0 30.0 82.7 45

46 Other loans and advances 0.0 4.8 3.2 6.2 0.5 2.5 46

47 Commercial mortgages 8.1 26.9 25.9 -28.6 -9.0 -14.9 47

48 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 48

49 Trade payables 13.0 13.6 14.6 15.7 10.9 18.1 49

 Deferred and unpaid

50 life insurance premiums 1.0 0.5 1.0 3.2 -4.9 0.2 50

51 Discrepancy 65.3 274.2 -244.2 -241.3 261.4 -214.7 51

(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) See table F.10 for derivation of alternative measures of personal saving.

(3) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(4) Table F.9, line 62.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance and pension reserves (lines 36 and 37).

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

(8) 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 F.108, line 17.
10 FFA, 2005-2010, March 10, 2011

F.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Income before taxes 2084.2 2311.2 2203.6 1971.8 1819.4 2168.3 1

 2 Gross saving less net capital transfers paid 1280.2 1279.0 1276.8 1300.2 1282.5 1415.8 2

 3 Gross investment 1140.0 1164.8 1168.3 400.4 1228.6 1314.0 3

 4 Capital expenditures 1232.9 1395.8 1453.4 1403.5 1034.9 1261.0 4

 5 Fixed investment 1183.6 1323.3 1425.9 1427.9 1157.2 1194.6 5

 6 Residential 90.6 88.2 96.2 75.2 58.4 51.3 6

 7 Nonresidential 1093.0 1235.1 1329.8 1352.7 1098.8 1143.3 7

 8 Change in inventories 50.0 60.0 29.1 -41.1 -127.2 68.9 8

 9 Nonproduced nonfinancial assets -0.6 12.5 -1.7 16.7 5.0 -2.5 9

10 Net lending (+) or net borrowing (-) -74.0 -202.1 -282.4 -1003.6 196.2 75.3 10

11 Net acquisition of financial assets 1381.9 1219.8 1551.7 -513.9 6.1 747.8 11

12 Foreign deposits 9.9 -14.2 0.9 -25.5 9.0 33.7 12

13 Checkable deposits and currency 150.5 -41.6 58.4 -104.9 114.6 148.0 13

14 Time and savings deposits 73.4 66.9 -40.7 -60.7 120.3 -31.0 14

15 Money market fund shares 42.0 71.3 130.2 159.3 -77.6 -96.8 15

16 Security RPs 8.1 1.0 -7.5 -0.9 2.5 1.5 16

17 Credit market instruments 53.8 -11.7 -69.1 -43.0 -16.7 23.3 17

18 Commercial paper 16.0 11.7 -53.2 -12.2 -14.7 16.6 18

19 Treasury securities 24.1 -6.5 -4.1 -15.4 10.5 6.1 19

20 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 1.5 2.8 20

21 Municipal securities 0.4 -2.7 0.6 -3.4 -0.7 -0.4 21

22 Mortgages 7.0 -10.0 -11.0 -10.7 -10.7 -9.5 22

23 Consumer credit 0.4 -2.0 1.0 1.2 -2.6 7.7 23

24 Mutual fund shares 1.5 24.9 0.2 -6.1 39.9 39.9 24

25 Trade receivables 344.2 21.7 217.8 -174.9 -158.3 61.3 25

26 Miscellaneous assets 698.5 1101.5 1261.5 -257.1 -27.6 567.8 26

27 Net increase in liabilities 1456.0 1421.9 1834.1 489.7 -190.1 672.5 27

28 Credit market instruments 672.6 889.9 1212.3 618.4 -300.3 164.1 28

29 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 29

30 Municipal securities 7.6 5.4 8.1 2.6 5.5 8.3 30

31 Corporate bonds 56.7 215.6 311.2 204.6 377.2 419.9 31

32 Bank loans n.e.c. 124.8 125.4 226.8 174.6 -326.1 -108.9 32

33 Other loans and advances 118.7 154.5 307.2 67.9 -155.6 21.5 33

34 Mortgages 372.6 366.6 347.8 161.1 -128.3 -201.1 34

35 Corporate equities -341.8 -565.7 -786.8 -336.0 -64.6 -274.0 35

36 Trade payables 248.7 123.4 111.1 -217.2 -85.9 154.4 36

37 Taxes payable 6.9 8.2 -45.8 9.8 -10.2 3.3 37

38 Miscellaneous liabilities 924.4 970.3 1378.9 715.2 333.9 604.5 38

39 Proprietors’ net investment -54.7 -4.2 -35.6 -300.5 -63.0 20.3 39

40 Discrepancy 140.2 114.2 108.6 899.8 53.9 101.9 40

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 2005-2010, March 10, 2011 11

F.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Profits before tax (book) 954.1 1115.1 1037.6 778.6 703.4 998.7 1

 2 - Taxes on corporate income 271.0 306.9 293.0 225.7 169.7 261.9 2

 3 - Net dividends 168.0 465.8 480.4 479.8 508.9 509.9 3

 4 + Capital consumption allowance (1) 606.1 635.7 673.0 853.6 812.0 752.9 4

 5 = U.S. internal funds, book 1121.3 978.0 937.1 926.8 836.7 979.8 5

 6 + Foreign earnings retained abroad -17.5 148.9 168.5 182.9 197.9 216.0 6

 7 + Inventory valuation adjustment (IVA) -30.7 -38.0 -47.2 -44.1 11.9 -18.1 7

 8 - Net capital transfers paid (2) -15.5 -0.0 -0.0 -3.6 -2.0 -3.7 8

 9 = Total internal funds + IVA 1088.6 1088.8 1058.4 1069.2 1048.5 1181.5 9

10 Gross investment 948.4 974.6 949.9 169.4 994.6 1079.6 10

11 Capital expenditures 965.8 1112.8 1156.5 1112.7 803.9 998.5 11

12 Fixed investment (3) 919.1 1039.9 1129.8 1136.6 923.5 941.8 12

13 Inventory change + IVA 47.3 60.4 28.3 -40.6 -124.5 59.3 13

14 Nonproduced nonfinancial assets -0.6 12.5 -1.7 16.7 5.0 -2.5 14

15 Net lending (+) or net borrowing (-) -17.5 -138.2 -206.6 -943.3 190.7 81.1 15

16 Net acquisition of financial assets 943.7 698.3 1070.6 -612.6 282.8 908.0 16

17 Foreign deposits 9.9 -14.2 0.9 -25.5 9.0 33.7 17

18 Checkable deposits and currency 73.6 -116.9 -9.0 -109.2 152.0 169.6 18

19 Time and savings deposits 49.9 46.6 -55.7 -59.4 147.9 -15.0 19

20 Money market fund shares 39.6 68.1 128.1 158.2 -71.8 -93.5 20

21 Security RPs 8.1 1.0 -7.5 -0.9 2.5 1.5 21

22 Credit market instruments 42.4 -11.6 -79.1 -32.2 -9.3 27.6 22

23 Commercial paper 16.0 11.7 -53.2 -12.2 -14.7 16.6 23

24 Treasury securities 18.1 -6.7 -7.1 -7.9 14.5 8.4 24

25 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 1.5 2.8 25

26 Municipal securities 0.3 -4.0 1.1 -3.0 -0.3 -0.2 26

27 Mortgages 1.7 -8.4 -18.4 -7.7 -7.7 -7.7 27

28 Consumer credit 0.4 -2.0 1.0 1.2 -2.6 7.7 28

29 Mutual fund shares 1.5 24.9 0.2 -6.1 39.9 39.9 29

30 Trade receivables 277.6 -18.3 163.1 -172.0 -118.0 84.7 30

31 Miscellaneous assets 441.2 718.6 929.6 -365.6 130.7 659.5 31

32 U.S. direct investment abroad (4) 24.7 219.2 307.0 276.2 249.9 283.7 32

33 Insurance receivables 20.7 6.6 7.4 9.9 -1.8 1.5 33

34 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Investment in finance co. subs. 64.4 22.9 -54.8 -1.1 -9.3 -3.5 35

36 Other 331.4 469.9 670.1 -650.6 -108.0 377.9 36

37 Net increase in liabilities 961.2 836.5 1277.3 330.7 92.1 827.0 37

38 Net funds raised in markets -18.1 -98.6 -43.8 -43.4 -68.8 81.2 38

39 Net new equity issues -341.8 -565.7 -786.8 -336.0 -64.6 -274.0 39

40 Credit market instruments 323.7 467.1 743.0 292.6 -4.2 355.3 40

41 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 41

42 Municipal securities (5) 7.6 5.4 8.1 2.6 5.5 8.3 42

43 Corporate bonds (4) 56.7 215.6 311.2 204.6 377.2 419.9 43

44 Bank loans n.e.c. -33.9 9.2 85.1 53.7 -130.6 -31.8 44

45 Other loans and advances (6) 108.5 132.5 288.5 54.8 -144.1 10.1 45

46 Mortgages 192.6 82.0 38.8 -30.7 -39.2 -75.6 46

47 Trade payables 199.4 110.3 85.9 -229.9 -57.0 182.8 47

48 Taxes payable -1.8 -0.8 -49.6 3.1 -2.6 7.7 48

49 Miscellaneous liabilities 781.7 825.5 1284.8 600.9 220.5 555.2 49

50 Foreign direct investment in U.S. 98.7 191.0 287.0 234.9 100.7 168.9 50

51 Pension fund contributions payable -1.9 -2.0 4.4 0.7 2.5 -1.2 51

52 Other 684.9 636.5 993.3 365.3 117.3 387.5 52

53 Discrepancy 140.2 114.2 108.6 899.8 53.9 101.9 53

 Memo:

54 Financing gap (7) -124.7 172.8 266.6 230.0 -44.7 36.8 54

(1) Consumption of fixed capital plus capital consumption adjustment.

(2) Table F.9, line 57.

(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 16 respectively.

(4) 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.

(5) 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.

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
12 FFA, 2005-2010, March 10, 2011

F.103 Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving = consumption of fixed capital 149.7 162.0 186.0 193.0 192.2 190.7 1

 2 Gross saving less net capital transfers paid (1) 162.7 162.0 186.0 196.3 198.1 198.5 2

 3 Gross investment 162.7 162.0 186.0 196.3 198.1 198.5 3

 4 Capital expenditures 230.7 251.4 260.5 246.0 190.2 216.1 4

 5 Fixed investment (2) 228.2 248.3 259.0 248.2 196.8 213.0 5

 6 Change in inventories 2.5 3.2 1.5 -2.1 -6.6 3.1 6

 7 Net lending (+) or net borrowing (-) -68.0 -89.5 -74.5 -49.7 7.9 -17.6 7

 8 Net acquisition of financial assets 436.2 515.3 475.9 95.9 -279.2 -161.9 8

 9 Checkable deposits and currency 76.3 73.1 65.7 3.3 -38.3 -22.2 9

10 Time and savings deposits 23.5 20.3 14.9 -1.2 -27.6 -16.0 10

11 Money market mutual funds 2.4 3.2 2.2 1.0 -5.8 -3.4 11

12 Treasury securities 6.0 0.2 3.0 -7.5 -4.0 -2.3 12

13 Municipal securities 0.1 1.3 -0.5 -0.4 -0.4 -0.2 13

14 Mortgages 5.3 -1.5 7.4 -3.0 -3.0 -1.7 14

15 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Trade receivables 66.6 40.0 54.7 -3.0 -40.2 -23.3 16

17 Miscellaneous assets 256.0 378.9 328.4 106.6 -160.0 -92.8 17

18 Insurance receivables 4.9 1.6 1.7 2.1 0.2 0.4 18

19 Equity investment in GSEs (3) -0.1 0.1 0.3 0.9 0.7 0.0 19

20 Other 251.2 377.2 326.4 103.7 -160.9 -93.2 20

21 Net increase in liabilities 504.2 604.8 550.4 145.7 -287.1 -144.3 21

22 Credit market instruments 331.6 408.6 454.8 321.8 -294.0 -195.4 22

23 Bank loans n.e.c. 156.5 113.0 139.4 117.7 -195.4 -76.8 23

24 Other loans and advances 4.2 14.4 11.1 33.2 -8.7 5.0 24

25 Mortgages 170.9 281.3 304.3 170.9 -90.0 -123.6 25

26 Trade payables 52.0 20.0 29.3 -11.9 -33.5 -19.4 26

27 Taxes payable 8.7 9.0 3.8 6.7 -7.7 -4.5 27

28 Miscellaneous liabilities 142.8 144.8 94.1 114.4 113.4 49.3 28

29 Proprietors’ net investment -30.9 22.3 -31.6 -285.2 -65.3 25.7 29

(1) Net capital transfers paid from table F.9, line 58.

(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 17 respectively.

(3) Equity in the Farm Credit System.

F.104 Farm Business (1)

Billions of dollars

 1 Gross saving 28.9 28.2 32.4 34.7 35.8 35.9 1

 2 Corporate 6.8 4.9 8.3 9.5 10.3 10.4 2

 3 Noncorporate = consumption of fixed capital 22.0 23.3 24.1 25.2 25.5 25.5 3

 4 Gross investment 47.8 57.1 35.1 34.1 38.3 58.2 4

 5 Capital expenditures 36.4 31.6 36.4 44.7 40.8 46.4 5

 6 Fixed investment (2) 36.3 35.2 37.1 43.1 36.9 39.9 6

 7 Change in inventories 0.1 -3.6 -0.7 1.6 3.8 6.5 7

 8 Net lending (+) or net borrowing (-) 11.4 25.5 -1.2 -10.6 -2.5 11.8 8

 9 Net acquisition of financial assets 2.0 6.2 5.2 2.8 2.5 1.6 9

10 Checkable deposits and currency 0.7 2.1 1.8 0.9 0.9 0.6 10

11 Miscellaneous assets 1.3 4.1 3.4 1.8 1.7 1.1 11

12 Insurance receivables 1.2 3.9 2.9 2.3 1.7 0.6 12

13 Equity investment in GSEs (3) 0.1 0.2 0.5 -0.5 -0.0 0.5 13

14 Net increase in liabilities -9.4 -19.3 6.4 13.4 5.0 -10.2 14

15 Credit market instruments 17.3 14.2 14.6 4.0 -2.0 4.2 15

16 Bank loans n.e.c. 2.2 3.3 2.3 3.2 -0.1 -0.3 16

17 Other loans and advances 5.9 7.6 7.6 -20.1 -2.8 6.4 17

18 Mortgages 9.1 3.3 4.6 20.9 0.9 -1.9 18

19 Trade payables -2.8 -7.0 -4.1 24.6 4.7 -9.0 19

20 Proprietors’ net investment (noncorporate) -23.9 -26.6 -4.1 -15.3 2.3 -5.4 20

21 Discrepancy (corporate) -18.9 -28.9 -2.7 0.6 -2.5 -22.4 21

(1) Corporate and noncorporate farms.

(2) Nonresidential fixed investment, shown in table F.6, line 12.

(3) Equity in the Farm Credit System.
FFA, 2005-2010, March 10, 2011 13

F.105 State and Local Governments, Excluding Employee Retirement Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Current receipts, NIPA basis 1730.4 1829.7 1923.1 1967.2 2005.8 2131.3 1

 2 Personal current taxes 276.7 302.5 323.1 335.4 287.3 291.9 2

 3 Taxes on production and imports 831.4 887.4 932.7 949.1 930.3 951.5 3

 4 Taxes on corporate income 54.9 59.2 57.8 48.0 49.4 91.0 4

 5 Contributions for govt. social insurance 24.8 21.8 18.9 19.7 21.6 22.4 5

 6 Income receipts on assets 88.3 103.5 114.5 115.2 116.0 118.1 6

 7 Current transfer receipts 454.3 456.7 485.1 512.7 610.2 665.5 7

 8 Current surplus of government enterprises 0.1 -1.3 -9.1 -13.0 -9.0 -9.0 8

 9 Current expenditures, NIPA basis 1704.5 1778.6 1910.8 2014.6 2025.9 2093.6 9

10 Consumption expenditures 1212.0 1282.3 1368.9 1448.2 1424.4 1447.2 10

11 Govt. social benefit payments to persons 404.8 402.9 433.7 455.2 492.1 533.1 11

12 Interest payments 87.3 93.0 101.1 108.2 108.0 111.6 12

13 Subsidies 0.4 0.4 7.1 3.0 1.4 1.6 13

14 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net state and local govt. saving, NIPA basis 25.9 51.0 12.2 -47.4 -20.1 37.8 15

16 + Consumption of fixed capital 150.1 162.7 178.7 192.6 200.9 205.2 16

17 - Net capital transfers paid (2) -49.8 -57.4 -58.9 -61.9 -67.4 -66.3 17

18 = Gross saving less net capital transfers paid 225.8 271.2 249.8 207.1 248.2 309.3 18

19 Gross investment 299.1 323.4 268.9 226.8 279.3 333.8 19

20 Fixed investment 281.6 304.4 329.0 350.3 351.0 338.9 20

21 Nonproduced nonfinancial assets 10.3 11.1 13.8 13.9 13.4 14.3 21

22 Net lending (+) or net borrowing (-) 7.3 7.9 -74.0 -137.4 -85.0 -19.3 22

23 Net acq. of financial assets 211.4 196.1 154.1 -46.3 62.5 124.6 23

24 Checkable deposits and currency 9.5 5.4 -4.8 8.5 19.2 6.7 24

25 Time and savings deposits 12.8 26.2 36.4 19.1 10.8 -0.4 25

26 Money market fund shares 5.1 6.8 3.4 -1.4 4.5 5.9 26

27 Security RPs 10.0 13.5 6.6 -2.7 8.8 6.7 27

28 Credit market instruments 154.0 128.5 27.2 -125.4 -30.8 21.6 28

29 Open market paper 13.1 17.6 -11.3 -63.5 -53.5 -24.7 29

30 Treasury securities 92.3 45.5 7.1 -48.6 20.1 14.2 30

31 Agency- and GSE-backed securities 28.4 38.3 18.8 -7.6 -15.0 13.3 31

32 Municipal securities 0.4 0.5 0.2 -0.1 0.3 0.4 32

33 Corporate and foreign bonds 9.0 12.1 6.0 -2.4 7.9 13.0 33

34 Mortgages 10.8 14.5 6.4 -3.2 9.4 5.5 34

35 Corporate equities 2.5 -4.4 2.7 22.9 17.6 -25.1 35

36 Mutual fund shares 0.8 -1.3 0.5 14.3 -7.2 -2.3 36

37 Trade receivables 10.2 13.8 6.8 -2.7 9.0 12.0 37

38 Taxes receivable 15.5 11.5 0.8 -3.5 -16.1 16.1 38

39 Miscellaneous assets -8.9 -3.9 74.5 24.6 46.8 83.4 39

40 Net increase in liabilities 204.1 188.1 228.1 91.1 147.5 143.9 40

41 Credit market instruments 172.0 153.7 191.0 51.6 109.1 104.8 41

42 Municipal securities 171.3 153.1 190.4 50.7 108.3 103.9 42

43 Short-term 5.7 -3.1 17.3 12.5 2.9 14.5 43

44 Other 165.6 156.2 173.1 38.2 105.4 89.5 44

45 U.S. government loans 0.6 0.6 0.7 0.8 0.8 0.9 45

46 Trade payables 32.1 34.4 37.0 39.6 38.4 39.1 46

47 Discrepancy -73.3 -52.3 -19.1 -19.7 -31.2 -24.5 47

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

(2) Table F.9, line 61.
14 FFA, 2005-2010, March 10, 2011

F.106 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Current receipts, NIPA basis 2290.1 2524.5 2654.7 2503.1 2205.8 2365.2 1

 2 Personal current taxes 931.9 1049.9 1165.6 1102.8 852.7 875.2 2

 3 Taxes on production and imports 98.8 99.4 94.5 96.0 94.4 106.6 3

 4 Taxes on corporate income 341.0 395.0 362.8 232.2 182.1 282.9 4

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

 6 Contributions for govt. social insurance 852.6 904.6 945.3 972.4 953.5 987.1 6

 7 Income receipts on assets 23.7 26.1 29.8 31.7 46.2 45.2 7

 8 Current transfer receipts 33.6 38.3 44.8 55.0 67.9 59.8 8

 9 Current surplus of government enterprises -3.5 -2.9 -2.7 -3.7 -4.2 -4.2 9

10 Current expenditures, NIPA basis 2573.1 2728.3 2900.0 3119.3 3457.5 3718.9 10

11 Consumption expenditures 765.8 811.0 848.9 934.6 987.1 1043.5 11

12 Government social benefits 1089.2 1193.1 1267.5 1402.7 1620.2 1740.4 12

13 Other current transfer payments 402.1 394.0 423.0 441.1 537.3 588.0 13

14 Interest payments 255.4 279.2 313.2 291.2 254.0 289.6 14

15 Subsidies 60.5 51.0 47.4 49.8 58.9 57.5 15

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

17 Net federal government saving, NIPA basis -283.0 -203.8 -245.2 -616.2 -1251.7 -1353.8 17

18 + Consumption of fixed capital 100.4 106.6 112.6 119.8 124.4 129.7 18

19 - Insurance and pension reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 19

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

21 - Net capital transfers paid (2) 59.8 42.7 56.3 65.0 81.9 95.5 21

22 = Gross saving less net capital transfers paid -247.7 -144.6 -193.8 -565.7 -1214.5 -1323.0 22

23 Gross investment -270.4 -157.7 -217.2 -651.5 -1187.6 -1207.6 23

24 Fixed investment 110.5 120.7 127.4 145.3 152.4 170.8 24

25 Nonproduced nonfinancial assets -0.5 -13.3 -1.3 -19.2 -7.0 0.3 25

26 Net lending (+) or net borrowing (-) -380.4 -265.0 -343.3 -777.6 -1333.0 -1378.6 26

27 Net acq. of financial assets 30.2 -14.0 0.2 573.7 238.3 315.7 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 2.0 28

29 Checkable deposits and currency 12.2 -2.7 25.1 313.1 -174.2 148.9 29

30 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 30

31 Credit market instruments -0.9 6.1 6.6 86.5 325.2 132.9 31

32 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 171.1 0.0 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.3 33

34 Other loans and advances -7.0 0.6 -2.2 6.0 66.0 3.3 34

35 Mortgages 2.4 3.7 2.1 13.5 12.6 -1.8 35

36 Consumer credit (3) 3.7 1.9 6.7 12.6 75.0 131.1 36

37 Corporate equities (4) 0.0 0.0 0.0 256.3 0.6 15.1 37

38 Trade receivables 9.2 -11.6 1.2 4.2 -21.2 -0.5 38

39 Taxes receivable 25.3 -6.3 -35.5 -61.4 20.3 19.6 39

40 Miscellaneous assets -0.3 3.1 1.9 -28.0 35.4 -2.3 40

41 Net increase in liabilities 410.5 251.1 343.5 1351.3 1571.3 1694.4 41

42 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 42

43 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 43

44 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 44

45 Credit market instruments 306.9 183.4 237.1 1239.2 1443.9 1580.2 45

46 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 46

47 Other Treasury securities 306.6 186.4 243.4 1241.4 1446.5 1582.9 47

48 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 48

49 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 49

50 Trade payables 33.7 6.2 29.3 22.4 -5.4 23.0 50

51 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 51

52 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 90.6 52

53 Nonmarketable securities held by pension plans 40.0 35.8 33.3 63.3 61.9 65.7 53

54 Other 28.1 23.6 43.3 26.2 19.5 24.9 54

55 Discrepancy 22.7 13.1 23.4 85.8 -26.9 -115.4 55

 Memo:

56 Change in cash balance (6) 4.6 -5.5 27.5 308.6 -173.2 148.9 56

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves.

(2) Table F.9, line 60 less line 12.

(3) Student loans.

(4) Corporate equities purchased from financial businesses under the Troubled Asset Relief Program (TARP) and from GSEs at issuance price.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 30) plus checkable deposit and currency liabilities of the monetary authority and commercial banking sectors (table F.204, lines 3 and 8).
FFA, 2005-2010, March 10, 2011 15

F.107 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Foreign income from U.S. 2618.6 2990.5 3249.6 3353.0 2587.9 3015.3 1

 2 U.S. imports 2027.8 2240.3 2375.7 2553.8 1964.7 2354.1 2

 3 U.S. income payments to rest of world 475.9 648.6 747.7 664.7 483.6 508.1 3

 4 Current taxes and trans. payments to rest of world 115.0 101.5 126.2 134.5 139.5 153.1 4

 5 Foreign outlays to U.S. 1878.1 2192.1 2532.6 2682.6 2208.2 2540.8 5

 6 U.S. exports 1305.1 1471.0 1661.7 1843.4 1578.4 1838.5 6

 7 U.S. income receipts from rest of world 573.0 721.1 871.0 839.2 629.8 702.4 7

 8 - Net capital transfers paid (1) 12.8 -2.0 -0.4 5.4 -0.6 -0.5 8

 9 Gross saving less net capital transfers paid (2) 727.8 800.4 717.3 665.0 380.3 475.0 9

10 Gross investment 713.9 807.3 639.0 583.9 215.9 324.3 10

11 Nonproduced nonfinancial assets 0.1 -0.1 0.5 -0.0 0.0 0.0 11

12 Net lending (+) or net borrowing (-) 713.8 807.4 638.5 583.9 215.9 324.3 12

13 Net acquisition of financial assets 1071.4 1835.4 1735.9 524.7 151.7 1136.8 13

14 Monetary gold (3) 0.0 0.0 0.0 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 15

16 Net interbank assets -12.3 -9.4 -153.6 419.8 -292.9 -50.1 16

17 U.S. checkable deposits and currency 14.9 11.4 -5.4 64.0 -9.4 29.1 17

18 U.S. time deposits 6.7 11.5 40.3 65.5 -43.5 3.3 18

19 Money market fund shares 0.1 4.1 19.0 23.7 3.3 -12.2 19

20 Security RPs (net) 45.5 2.4 -35.2 -231.5 -83.8 -129.3 20

21 Credit market instruments 752.0 973.6 943.8 355.8 209.7 691.0 21

22 Open market paper 9.9 46.7 -8.3 -45.1 -41.4 0.8 22

23 Treasury securities 245.1 150.3 165.3 710.1 583.9 736.0 23

24 Official 112.8 208.6 98.4 548.7 561.1 410.5 24

25 Private 132.3 -58.2 66.8 161.4 22.8 325.5 25

26 Agency- and GSE-backed securities 134.3 224.0 248.8 -228.6 -175.0 -2.7 26

27 Official 88.5 203.6 236.1 -31.3 -157.0 -80.0 27

28 Private 45.8 20.4 12.7 -197.3 -18.0 77.2 28

29 Municipal securities 3.0 5.4 10.7 5.4 6.5 16.0 29

30 U.S. corporate bonds (4) 328.5 541.0 424.6 -21.8 -139.4 -38.1 30

31 Loans to U.S. corporate business 31.3 6.2 102.7 -64.1 -24.9 -21.0 31

32 U.S. corporate equities 56.9 96.2 218.5 104.7 139.5 109.1 32

33 Mutual fund shares 32.2 45.2 38.2 -2.0 17.7 17.4 33

34 Trade receivables 7.9 5.9 20.8 6.3 5.0 17.9 34

35 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Miscellaneous assets 167.5 694.5 649.5 -281.6 158.5 460.6 36

37 Foreign direct investment in U.S. (5) 112.6 243.2 271.2 328.3 134.7 193.6 37

38 Other 54.9 451.4 378.3 -609.9 23.8 267.0 38

39 Net increase in liabilities 357.6 1028.0 1097.3 -59.1 -64.2 812.5 39

40 U.S. official reserve assets -14.1 -2.4 0.1 4.8 52.3 2.2 40

41 U.S. private deposits 40.8 87.2 257.0 -402.1 -171.6 81.4 41

42 Credit market instruments 113.0 332.6 170.3 -226.3 193.4 90.3 42

43 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -5.4 43

44 Bonds 64.5 227.8 218.7 -158.9 144.9 77.8 44

45 Bank loans n.e.c. 14.5 13.8 24.1 5.1 -11.2 17.9 45

46 Official -2.9 -0.7 -0.0 0.7 0.6 1.1 46

47 Banks 4.7 3.8 8.3 2.8 -5.1 11.8 47

48 Other 12.7 10.7 15.8 1.6 -6.6 5.0 48

49 U.S. government loans -4.6 -7.4 -3.3 -1.5 0.3 0.0 49

50 Acceptance liabilities to banks -0.0 -0.1 0.1 0.0 0.0 0.0 50

51 Foreign corporate equities (6) 186.7 137.3 147.8 -39.0 63.3 81.2 51

52 Trade payables 6.3 6.2 12.4 -9.9 -2.0 33.6 52

53 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Miscellaneous liabilities 24.9 467.0 509.7 613.3 -199.5 523.8 54

55 U.S. equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 3.4 55

56 Nonofficial foreign currencies -2.2 -0.0 23.9 529.8 -543.3 -10.0 56

57 U.S. direct investment abroad (4,5) 36.2 244.9 414.0 351.1 268.7 328.6 57

58 Other -10.4 220.1 70.1 -269.0 73.4 201.9 58

59 Discrepancy (FOF basis) (7) 13.9 -6.9 78.3 81.1 164.3 150.7 59

 Memo:

60 Net U.S. exports, NIPA basis -722.7 -769.3 -714.0 -710.5 -386.4 -515.7 60

61 + Net U.S. income receipts (8) 97.1 72.4 123.3 174.5 146.3 194.3 61

62 - Current taxes and trans. payments to rest of world 115.0 101.5 126.2 134.5 139.5 153.1 62

63 = Balance on current account, NIPAs -740.5 -798.4 -716.9 -670.4 -379.7 -474.4 63

(1) Table F.9, line 63.

(2) Line 1 minus line 5 minus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 63 with the sign reversed minus line 8.

(3) U.S. net sales, sign reversed.

(4) 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.

(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Balance of payments discrepancy adjusted to NIPA concepts.

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
16 FFA, 2005-2010, March 10, 2011

F.108 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 6.3 5.9 2.5 4.3 0.5 2.2 1

 2 Fixed nonresidential investment 1.9 2.8 2.9 2.1 1.7 1.8 2

 3 Net acquisition of financial assets 37.4 29.6 43.1 1319.3 -3.4 186.0 3

 4 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.2 4

 5 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 5

 6 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 6

 7 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 7

 8 Federal Reserve loans to domestic banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 8

 9 Discount window (2) 0.0 -0.0 48.6 495.4 -447.4 -96.4 9

10 AMLF (3) 0.0 0.0 0.0 15.7 -15.7 0.0 10

11 Security RPs 13.8 -6.0 5.8 33.5 -80.0 0.0 11

12 Credit market instruments 26.4 34.7 -38.3 245.4 1001.6 271.5 12

13 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 26.4 34.7 -38.3 -264.7 300.7 244.9 14

15 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1048.5 71.4 15

16 Bank loans n.e.c. 0.0 0.0 0.0 490.4 -347.6 -44.8 16

17 Households (TALF) (4) 0.0 0.0 0.0 0.0 47.5 -22.8 17

18 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Brokers and dealers (5) 0.0 0.0 0.0 45.5 -45.5 0.0 19

20 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 29.1 0.1 -3.4 20

21 Funding corporations (AIG) 0.0 0.0 0.0 38.9 -16.7 -2.2 21

22 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 19.5 -3.5 -2.5 22

23 Funding corporations (Maiden Lane III) (8) 0.0 0.0 0.0 24.4 -5.9 -4.4 23

24 Funding corporations (CPFF) (9) 0.0 0.0 0.0 333.0 -323.6 -9.4 24

25 Corporate equities (10) 0.0 0.0 0.0 0.0 25.1 1.3 25

26 Miscellaneous assets -3.2 0.1 25.8 530.2 -493.8 7.8 26

27 Nonofficial foreign currencies (11) 0.0 0.0 24.0 529.7 -543.5 -10.2 27

28 Other -3.2 0.1 1.8 0.5 49.6 18.0 28

29 Net increase in liabilities 36.1 27.2 39.9 1316.7 -8.0 185.1 29

30 Depository institution reserves -5.0 -0.3 2.1 839.2 117.0 -8.9 30

31 Vault cash of commercial banks 8.6 1.6 3.3 2.7 -2.8 -2.1 31

32 Checkable deposits and currency 30.1 23.5 17.8 428.2 -117.6 185.0 32

33 Due to federal government -1.4 0.2 11.4 349.3 -173.8 149.0 33

34 Treasury cash holdings -0.1 0.1 0.0 0.0 -0.0 -0.1 34

35 Treasury general deposit account -1.3 0.1 11.4 90.0 80.5 -45.9 35

36 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 -254.3 195.0 36

37 Due to rest of the world 0.0 0.0 -0.0 1.3 1.0 0.9 37

38 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 38

39 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 39

40 Security RPs -0.3 -0.9 14.4 44.4 -10.6 -18.0 40

41 Miscellaneous liabilities 2.8 3.2 2.5 2.2 6.1 29.2 41

42 Federal Reserve Bank stock 1.6 1.8 3.1 2.6 4.6 0.9 42

43 Other 1.1 1.4 -0.7 -0.5 1.5 28.3 43

44 Discrepancy 3.1 0.7 -3.5 -0.5 -5.8 -0.5 44

(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 AMLF.

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

(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) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(11) Reciprocal currency arrangements (swap lines) with foreign central banks.
FFA, 2005-2010, March 10, 2011 17

F.109 Commercial Banking (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving less net capital transfers paid 108.4 93.0 65.1 99.8 118.0 158.4 1

 2 Fixed nonresidential investment 58.6 61.8 73.2 87.3 72.3 69.7 2

 3 Net acquisition of financial assets 788.2 996.8 937.5 2015.7 -404.0 -273.4 3

 4 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.1 4

 5 Reserves at Federal Reserve -4.5 0.4 1.5 798.1 92.4 -22.3 5

 6 Checkable deposits and currency -0.5 -0.1 -0.3 0.6 1.0 -0.9 6

 7 Total bank credit 690.3 841.7 791.7 534.1 -470.2 -195.1 7

 8 Open market paper 0.0 0.0 0.0 15.7 -15.7 0.0 8

 9 Treasury securities -10.7 -2.1 17.4 -19.2 92.2 113.0 9

10 Agency- and GSE-backed securities -5.4 45.9 -113.3 147.1 102.0 77.5 10

11 Municipal securities 16.9 22.6 12.7 23.7 1.9 27.5 11

12 Corporate and foreign bonds 123.4 93.3 197.9 1.7 -112.0 -99.3 12

13 Bank loans n.e.c. 167.8 126.9 335.1 203.3 -427.1 -59.9 13

14 Mortgages 362.4 445.0 241.4 197.0 -22.7 -195.4 14

15 Consumer credit 2.8 34.2 62.9 74.5 -50.6 -73.7 15

16 Security credit 34.8 71.5 32.3 -113.5 -59.9 22.7 16

17 Corporate equities 0.1 0.7 1.6 2.4 6.8 -1.6 17

18 Mutual fund shares -1.8 3.9 3.6 1.3 14.8 -5.9 18

19 Customers’ liab. on acceptances (2) 0.0 -0.3 0.0 -0.2 0.0 0.0 19

20 Miscellaneous assets 94.3 153.6 141.3 680.3 -24.3 -53.1 20

21 Net increase in liabilities 645.4 769.2 810.5 1956.2 -274.8 -120.6 21

22 Net interbank liabilities -15.9 -12.5 -102.9 960.0 -722.1 -165.7 22

23 To monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 23

24 To domestic banks (3) -3.6 -1.9 1.8 30.6 34.4 -20.0 24

25 To foreign banks -12.3 -9.4 -153.6 419.8 -292.9 -50.1 25

26 Checkable deposits -36.4 -35.9 13.3 141.4 85.0 76.8 26

27 Federal government 7.0 -5.9 14.9 -39.5 0.3 -0.1 27

28 Rest of the world 6.4 9.2 5.2 33.6 -23.1 -0.2 28

29 Private domestic -49.8 -39.2 -6.9 147.3 107.7 77.1 29

30 Small time and savings deposits 268.3 287.6 263.0 541.4 384.4 277.2 30

31 Large time deposits 243.1 264.0 297.6 -97.6 -3.0 -205.0 31

32 Federal funds and security RPs (net) 90.3 70.5 -49.7 -355.7 265.2 -139.8 32

33 Credit market instruments 85.1 175.9 261.2 162.8 -162.9 -193.3 33

34 Open market paper 4.0 20.6 35.0 -39.2 -18.1 -15.7 34

35 Corporate bonds 56.7 75.3 119.5 131.0 -20.5 -53.5 35

36 Other loans and advances 24.4 80.0 106.7 71.0 -124.2 -124.1 36

37 Corporate equity issues -13.8 -10.5 -23.8 331.8 78.8 31.3 37

38 Taxes payable (net) -7.9 -1.1 -13.6 -85.7 7.1 6.7 38

39 Miscellaneous liabilities 32.5 31.3 165.3 357.7 -207.2 191.3 39

40 Discrepancy -93.2 -196.3 -135.1 -47.1 175.0 241.6 40

 Memo:

41 Credit market funds advanced (4) 657.1 765.4 754.2 643.7 -431.9 -210.3 41

42 Consumer leases not included above (5) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 42

(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 F.216).

(3) Floats and discrepancies in interbank transactions.

(4) Total bank credit (line 7) less security credit (line 16) less corporate equities (line 17) less mutual fund shares (line 18) plus customers’ liability on acceptances (line 19).

(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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
18 FFA, 2005-2010, March 10, 2011

F.110 U.S.-Chartered Commercial Banks

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving less net capital transfers paid (1) -3.9 -22.8 -45.3 20.3 23.6 55.1 1

 2 Fixed nonresidential investment 20.9 23.5 22.0 23.5 17.9 12.8 2

 3 Net acquisition of financial assets 529.7 787.7 595.9 1245.3 -81.9 -356.6 3

 4 Vault cash and reserves at Federal Reserve 3.9 2.3 4.4 562.9 44.4 -91.1 4

 5 Total bank credit 498.4 685.4 570.3 547.6 -169.7 -197.3 5

 6 Open market paper 0.0 0.0 0.0 15.7 -15.7 0.0 6

 7 Treasury securities -10.1 -2.2 11.1 -19.6 64.3 93.9 7

 8 Agency- and GSE-backed securities -3.3 47.5 -111.4 139.7 131.3 93.1 8

 9 Mortgage pass-through securities -2.7 68.8 -54.9 152.0 -11.3 -11.7 9

10 CMOs and other structured MBS -4.4 -5.1 -4.4 14.3 58.2 117.5 10

11 Other 3.8 -16.1 -52.0 -26.6 84.4 -12.6 11

12 Municipal securities 16.7 21.7 12.0 23.2 1.0 28.4 12

13 Corporate and foreign bonds 47.0 59.1 101.7 -30.4 51.7 -94.2 13

14 Private mortgage pass-through securities 5.1 8.8 15.5 -24.4 2.0 -10.1 14

15 Private CMOs and other structured MBS 38.2 12.7 64.8 -1.5 -27.3 -63.8 15

16 Other 3.8 37.6 21.4 -4.5 76.9 -20.3 16

17 Bank loans n.e.c. 98.7 62.9 233.7 137.9 -298.1 -45.2 17

18 Mortgages 354.8 436.8 225.7 190.0 -16.1 -186.5 18

19 Consumer credit 2.8 34.2 62.9 74.5 -50.6 -73.7 19

20 Security credit -6.6 20.9 29.3 12.8 -59.2 -5.8 20

21 Corporate equities 0.1 0.7 1.6 2.4 6.8 -1.6 21

22 Mutual fund shares -1.8 3.9 3.6 1.3 14.8 -5.9 22

23 Customers’ liab. on acceptances (2) -0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 27.4 100.0 21.3 134.8 43.4 -68.2 24

25 Net increase in liabilities 467.2 643.4 548.1 1232.7 93.2 -164.0 25

26 Net interbank liabilities 16.6 71.1 139.0 789.0 -561.7 -239.3 26

27 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 27

28 Borrowing from Federal Reserve banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 28

29 To domestic banking 0.5 -38.1 32.2 113.4 -4.9 -63.0 29

30 To foreign banks 16.1 110.5 58.0 166.1 -93.2 -80.6 30

31 Checkable deposits -36.8 -36.6 9.0 140.8 80.9 70.5 31

32 Federal government 7.0 -5.9 14.9 -39.5 0.3 -0.1 32

33 Rest of the world 6.2 9.4 5.0 31.2 -28.9 -4.3 33

34 Private domestic -49.9 -40.1 -10.9 149.1 109.4 74.9 34

35 Small time and savings deposits 262.9 277.8 255.0 540.2 382.9 276.6 35

36 Large time deposits 166.8 129.9 23.1 24.6 -174.0 -150.2 36

37 Federal funds and security RPs (net) 57.0 21.4 -36.1 -259.0 244.9 -190.9 37

38 Open market paper -0.0 0.0 0.0 0.0 0.0 -19.7 38

39 Corporate bonds 12.5 27.5 25.1 8.0 -28.3 -9.4 39

40 Other loans and advances 24.4 80.0 106.7 71.0 -124.2 -124.1 40

41 Corporate equity issues 6.2 9.3 4.3 10.4 10.1 11.4 41

42 Taxes payable (net) -7.9 -1.1 -13.6 -85.7 7.1 6.7 42

43 Miscellaneous liabilities -34.6 64.1 35.6 -6.7 255.5 204.3 43

44 Investment by bank holding companies 40.0 114.1 130.7 46.6 106.9 16.6 44

45 Other -74.5 -50.0 -95.2 -53.3 148.6 187.7 45

46 Discrepancy -87.4 -190.6 -115.1 -15.8 180.7 234.9 46

 Memo:

47 Credit market funds advanced (3) 506.6 660.0 535.7 531.1 -132.2 -184.0 47

48 Consumer leases not included above (4) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 48

(1) Net capital transfers paid from table F.9, line 53.

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

(3) Total bank credit (line 5) less security credit (line 20) less corporate equities (line 21) less mutual fund shares (line 22) plus customers’ liability on acceptances (line 23).

(4) 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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
FFA, 2005-2010, March 10, 2011 19

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 3.4 3.2 3.5 2.5 2.4 2.5 1

 2 Fixed nonresidential investment 4.1 4.2 4.2 2.9 2.2 2.2 2

 3 Net acquisition of financial assets 153.9 10.1 219.8 576.8 -357.0 69.9 3

 4 Reserves at Federal Reserve 0.2 -0.3 0.4 238.0 45.1 66.7 4

 5 Total bank credit 185.9 154.6 204.6 -25.4 -281.8 -1.0 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 0.1 -1.0 3.6 5.1 25.9 4.7 7

 8 Agency- and GSE-backed securities -0.9 4.2 2.0 -6.6 -18.4 -4.7 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate and foreign bonds 80.6 29.8 77.0 32.1 -156.7 -11.0 10

11 Bank loans n.e.c. 60.7 67.1 105.0 65.1 -125.4 -16.0 11

12 Mortgages 4.0 4.1 14.1 5.2 -6.4 -2.5 12

13 Security credit 41.4 50.6 3.0 -126.3 -0.8 28.5 13

14 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 14

15 Customers’ liab. on acceptances (2) 0.1 -0.3 0.0 -0.2 0.0 0.0 15

16 Miscellaneous assets -32.2 -143.9 14.7 364.4 -120.4 4.2 16

17 Net increase in liabilities 154.6 9.8 222.9 572.1 -355.6 71.1 17

18 Net interbank liabilities -6.0 -71.3 -191.1 240.5 -158.7 48.4 18

19 To foreign banks -8.8 -78.6 -169.4 244.7 -176.2 41.1 19

20 To domestic banks 2.8 7.2 -21.7 -4.3 17.5 7.3 20

21 Checkable deposits 0.5 -0.0 2.6 1.7 2.6 5.7 21

22 Small time and savings deposits 0.5 8.6 6.9 0.1 4.4 5.8 22

23 Large time deposits 71.4 132.8 273.4 -123.2 173.9 -49.6 23

24 Federal funds and security RPs (net) 33.4 49.0 -13.6 -96.3 40.3 52.9 24

25 Acceptance liabilities 0.0 -0.3 0.0 -0.2 0.0 0.0 25

26 Miscellaneous liabilities 54.6 -109.0 144.8 549.5 -418.0 7.9 26

27 Foreign direct investment in U.S. 9.4 13.8 -1.2 23.2 9.0 10.4 27

28 Due to affiliates 21.0 8.6 43.7 35.6 -73.5 -31.5 28

29 Other 24.2 -131.3 102.3 490.7 -353.4 29.0 29

30 Discrepancy -0.1 -1.3 2.5 -5.1 1.7 1.4 30

 Memo:

31 Credit market funds advanced (3) 144.5 103.7 201.7 100.7 -281.0 -29.5 31

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).

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

(3) Total bank credit (line 5) less security credit (line 13) less corporate equities (line 14) plus customers’ liability on acceptances (line 15).
20 FFA, 2005-2010, March 10, 2011

F.112 Bank Holding Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 108.7 112.4 106.8 76.8 91.7 100.7 1

 2 Fixed nonresidential investment 33.4 33.8 46.9 60.8 52.0 54.5 2

 3 Net acquisition of financial assets 94.8 200.2 122.4 195.9 41.2 28.8 3

 4 Credit market instruments -4.2 3.3 23.2 13.9 -16.0 22.5 4

 5 Treasury securities -0.9 1.4 4.6 -4.0 2.7 13.8 5

 6 Agency- and GSE-backed securities -2.3 -0.0 -1.3 15.9 -7.0 -3.2 6

 7 Corporate and foreign bonds -3.7 4.9 19.2 -0.0 -8.4 7.3 7

 8 Bank loans n.e.c. 2.7 -2.9 0.7 2.0 -3.2 4.6 8

 9 Miscellaneous assets 99.0 196.8 99.2 182.1 57.2 6.3 9

10 Investment in bank subsidiaries 40.0 114.1 130.7 46.6 106.9 16.6 10

11 Investment in nonbank subsidiaries 42.7 46.3 -63.0 42.0 -91.4 -14.9 11

12 Other 16.2 36.5 31.5 93.4 41.7 4.6 12

13 Net increase in liabilities 14.3 117.3 47.2 154.7 -11.3 -12.8 13

14 Net interbank liabilities -26.5 -12.3 -50.9 -69.5 -1.6 25.1 14

15 To domestic banks -6.9 29.0 -8.7 -78.6 21.9 35.7 15

16 To foreign banks -19.6 -41.3 -42.2 9.1 -23.5 -10.6 16

17 Federal funds and security RPs (net) -0.2 0.1 0.1 -0.4 -19.9 -1.8 17

18 Credit market instruments 48.2 68.7 129.4 84.0 -10.3 -40.1 18

19 Commercial paper 4.0 20.9 35.0 -39.0 -18.1 4.0 19

20 Corporate bonds 44.2 47.8 94.4 123.0 7.8 -44.1 20

21 Corporate equity issues -20.0 -19.8 -28.0 321.4 68.6 19.8 21

22 Miscellaneous liabilities 12.8 80.6 -3.4 -180.7 -48.0 -15.8 22

23 Equity, etc. 48.4 -12.9 -65.3 46.1 13.2 13.6 23

24 Other -35.6 93.5 61.9 -226.8 -61.2 -29.5 24

25 Discrepancy -5.2 -4.3 -15.4 -25.1 -12.8 4.6 25

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

Billions of dollars

 1 Gross saving 0.2 0.2 0.1 0.2 0.1 0.1 1

 2 Fixed nonresidential investment 0.2 0.3 0.1 0.2 0.1 0.1 2

 3 Net acquisition of financial assets 9.8 -1.2 -0.6 -2.3 -6.4 -15.6 3

 4 Checkable deposits and currency -0.5 -0.1 -0.3 0.6 1.0 -0.9 4

 5 Credit market instruments 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 5

 6 Treasury securities 0.1 -0.2 -1.9 -0.6 -0.7 0.6 6

 7 Agency- and GSE-backed securities 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 7

 8 Municipal securities 0.2 0.8 0.7 0.5 0.9 -0.9 8

 9 Corporate and foreign bonds -0.5 -0.4 0.1 0.0 1.5 -1.4 9

10 Bank loans n.e.c. 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 10

11 Home mortgages 0.7 0.9 4.3 1.4 -0.3 -2.7 11

12 Commercial mortgages 2.9 3.2 -2.7 0.4 -0.0 -3.7 12

13 Miscellaneous assets 0.1 0.6 6.1 -1.0 -4.5 4.6 13

14 Net increase in liabilities 9.3 -1.3 -7.7 -3.4 -1.1 -14.8 14

15 Checkable deposits -0.2 0.7 1.7 -1.1 1.4 0.5 15

16 Small time and savings deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 16

17 Large time deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 17

18 Miscellaneous liabilities -0.3 -4.4 -11.6 -4.5 3.3 -5.0 18

19 Discrepancy -0.5 -0.1 -7.1 -1.1 5.3 0.8 19

(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.
FFA, 2005-2010, March 10, 2011 21

F.114 Savings Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 10.2 6.6 11.1 18.8 26.4 27.9 1

 2 Fixed nonresidential investment 3.8 4.3 3.9 3.3 2.2 2.3 2

 3 Net acquisition of financial assets 140.9 -74.4 99.6 -290.4 -269.8 -12.3 3

 4 Reserves at Federal Reserve -0.5 -0.7 0.6 36.4 6.5 -0.7 4

 5 Checkable deposits and currency 2.4 -3.3 -0.5 -11.2 -4.2 -2.4 5

 6 Time and savings deposits -0.5 3.9 3.3 -1.6 7.0 -0.0 6

 7 Federal funds and security RPs -0.1 9.3 27.3 -10.9 -22.7 -6.6 7

 8 Credit market instruments 199.4 -78.0 63.0 -276.1 -240.8 3.8 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 4.0 4.5 -5.4 -4.1 3.8 -0.9 10

11 Agency- and GSE-backed securities 55.8 -13.4 0.3 -3.5 27.8 20.2 11

12 Mortgage pass-through securities 25.6 -16.3 5.8 1.9 -10.6 12.2 12

13 CMOs and other structured MBS 7.4 2.8 -1.5 5.6 16.1 9.7 13

14 Other 22.9 0.1 -4.0 -11.0 22.3 -1.7 14

15 Municipal securities 1.5 2.5 -0.1 -3.3 1.5 1.8 15

16 Corporate and foreign bonds 21.0 13.2 49.5 -33.7 -23.3 -10.7 16

17 Private mortgage pass-through securities -0.6 3.1 -4.5 -1.4 -2.4 -0.4 17

18 Private CMOs and other structured MBS 18.1 7.7 39.5 -41.9 -30.4 -6.1 18

19 Other 3.5 2.5 14.5 9.5 9.5 -4.1 19

20 Other loans and advances 3.9 6.0 6.2 6.4 -14.5 6.5 20

21 Mortgages 95.3 -77.2 17.2 -233.4 -227.3 -18.4 21

22 Consumer credit 17.8 -13.5 -4.8 -4.5 -8.8 5.3 22

23 Corporate equities -1.0 -1.0 -0.1 -1.5 -0.5 -1.3 23

24 Miscellaneous assets -58.8 -4.5 6.2 -25.4 -15.1 -5.1 24

25 Net increase in liabilities 126.4 -82.6 116.7 -251.8 -269.8 -22.5 25

26 Deposits 76.6 24.6 13.2 -156.0 -53.3 13.9 26

27 Checkable 3.8 0.9 4.5 -2.9 13.1 -0.7 27

28 Small time and savings 34.0 28.9 27.6 -59.6 89.4 -5.3 28

29 Large time 38.8 -5.2 -19.0 -93.5 -155.8 19.9 29

30 Security RPs -2.3 -19.2 -24.1 -0.0 1.8 -6.0 30

31 Credit market instruments 22.5 -108.2 104.1 -67.1 -169.6 -42.2 31

32 Corporate bonds 1.0 2.0 -0.3 -8.0 -0.2 -3.6 32

33 Bank loans n.e.c. 5.2 -44.5 13.3 13.0 -29.8 -1.2 33

34 Other loans and advances 16.2 -65.7 91.1 -72.2 -139.6 -37.5 34

35 Corporate equities 2.2 0.8 3.3 1.7 1.5 0.5 35

36 Taxes payable 0.1 -0.4 -2.0 -0.3 0.3 -0.3 36

37 Miscellaneous liabilities 27.3 19.7 22.2 -30.1 -50.5 11.6 37

38 Investment by parent 3.7 0.6 0.2 2.5 10.6 -1.0 38

39 Other 23.6 19.1 22.0 -32.6 -61.1 12.7 39

40 Discrepancy -8.1 -6.0 24.1 54.0 24.2 15.4 40

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
22 FFA, 2005-2010, March 10, 2011

F.115 Credit Unions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 9.2 9.8 9.0 6.9 6.7 12.5 1

 2 Fixed nonresidential investment 3.6 4.2 3.8 3.9 2.8 2.9 2

 3 Net acquisition of financial assets 30.9 30.5 42.5 53.8 70.3 28.4 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 18.1 14.1 4

 5 Checkable deposits and currency -2.0 6.2 -1.1 -5.7 1.4 -6.3 5

 6 Time and savings deposits -4.5 -4.9 -0.0 11.4 9.5 4.6 6

 7 Federal funds and security RPs (net) 2.6 -1.6 -2.6 -4.8 2.4 -0.1 7

 8 Credit market instruments 36.2 30.1 35.3 40.0 33.1 7.4 8

 9 Open market paper -0.0 0.2 -0.5 -0.4 0.0 0.0 9

10 Treasury securities -1.1 -0.3 3.0 -1.6 5.3 -2.8 10

11 Agency- and GSE-backed securities -6.8 -13.9 -4.1 14.4 27.9 37.2 11

12 Corporate and foreign bonds -1.5 7.2 3.9 -8.9 -7.0 -18.6 12

13 Other loans and advances 1.0 0.9 0.0 2.7 2.7 1.3 13

14 Home mortgages 31.3 30.1 31.8 33.2 3.2 1.1 14

15 Consumer credit 13.2 5.9 1.2 0.5 1.0 -10.7 15

16 Mutual fund shares -1.0 -0.1 -0.0 -0.0 -0.7 0.2 16

17 Miscellaneous assets -0.3 0.8 11.0 8.4 6.4 8.5 17

18 Net increase in liabilities 27.5 26.0 39.5 54.5 72.6 24.5 18

19 Shares/deposits 21.6 24.5 31.7 45.1 72.0 34.6 19

20 Checkable 7.0 -8.5 1.1 1.6 11.6 5.5 20

21 Small time and savings 12.1 30.5 25.8 43.0 43.4 26.3 21

22 Large time 2.5 2.5 4.8 0.5 17.0 2.7 22

23 Other loans and advances 3.3 4.2 13.4 8.3 -14.1 -1.3 23

24 Miscellaneous liabilities 2.6 -2.7 -5.6 1.1 14.7 -8.8 24

25 Discrepancy 2.2 1.1 2.1 3.7 6.2 5.6 25

F.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Gross saving less net capital transfers paid (1) 24.5 64.0 49.8 26.1 20.7 36.8 1

 2 Fixed nonresidential investment 10.4 10.5 11.6 10.3 8.4 9.1 2

 3 Net acquisition of financial assets 75.4 64.5 43.0 25.1 39.6 0.7 3

 4 Checkable deposits and currency -4.8 8.9 12.8 -14.8 -0.3 11.9 4

 5 Money market fund shares -0.7 0.7 7.2 12.1 -3.2 -3.2 5

 6 Security RPs 0.6 -0.7 1.7 0.8 0.1 0.5 6

 7 Credit market instruments 72.8 44.8 5.3 -15.9 33.3 -4.9 7

 8 Open market paper 3.5 0.6 -3.1 5.8 -9.3 -1.8 8

 9 Treasury securities 0.3 3.1 -38.7 -5.6 22.9 2.8 9

10 Agency- and GSE-backed securities 5.8 4.1 3.8 -11.5 1.9 -6.9 10

11 Municipal securities 45.4 22.1 36.1 10.6 -12.6 0.4 11

12 Corporate and foreign bonds 17.5 14.2 5.9 -15.4 30.8 0.9 12

13 Commercial mortgages 0.3 0.7 1.3 0.2 -0.5 -0.3 13

14 Corporate equities -6.1 2.3 0.5 35.1 -2.4 -6.4 14

15 Mutual fund shares 0.3 0.5 -0.5 -0.4 0.1 -0.1 15

16 Trade receivables 2.4 4.9 -1.6 1.3 -3.7 0.8 16

17 Miscellaneous assets 10.8 3.1 17.6 6.8 15.7 2.1 17

18 Net increase in liabilities 46.4 42.1 -4.0 6.9 -6.9 -6.2 18

19 Security RPs 0.1 -0.1 -0.7 1.9 -1.7 0.0 19

20 Corporate equity issues -2.8 -8.5 -13.2 0.4 -5.3 -11.4 20

21 Taxes payable (net) -3.1 11.0 -2.4 -28.1 5.3 -1.8 21

22 Miscellaneous liabilities 52.2 39.7 12.3 32.8 -5.2 7.0 22

23 Discrepancy -14.9 31.1 -8.8 -2.4 -34.2 20.8 23

(1) Net capital transfers paid from table F.9, line 50.
FFA, 2005-2010, March 10, 2011 23

F.117 Life Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 11.1 4.1 2.8 -46.6 27.9 35.2 1

 2 Fixed nonresidential investment 10.0 10.9 11.7 11.8 9.9 11.0 2

 3 Net acquisition of financial assets 185.3 225.0 240.5 167.1 115.3 178.9 3

 4 Checkable deposits and currency -5.5 8.3 2.3 24.4 -32.1 -1.9 4

 5 Money market fund shares -3.7 9.7 -1.6 17.5 -5.5 -5.5 5

 6 Security RPs -1.0 -0.1 0.2 5.2 2.2 0.7 6

 7 Credit market instruments 116.2 67.5 84.8 11.6 139.8 107.6 7

 8 Open market paper -3.0 4.3 13.1 -3.4 11.5 -22.0 8

 9 Treasury securities 13.5 -7.6 -17.3 35.1 27.7 28.1 9

10 Agency- and GSE-backed securities 11.4 8.8 5.5 -16.7 5.8 -15.0 10

11 Municipal securities 2.4 4.1 4.8 5.7 26.1 4.4 11

12 Corporate and foreign bonds 74.7 29.7 43.1 -45.5 97.6 108.0 12

13 Other loans and advances 5.0 9.8 13.2 20.3 -12.6 12.1 13

14 Mortgages 12.1 18.3 22.4 16.3 -16.3 -8.1 14

15 Corporate equities 65.9 71.4 84.1 81.8 33.4 47.0 15

16 Mutual fund shares -9.9 26.9 31.3 -10.7 0.0 1.0 16

17 Miscellaneous assets 23.4 41.3 39.5 37.2 -22.5 30.1 17

18 Net increase in liabilities 173.9 202.5 198.7 166.9 30.9 144.4 18

19 Security RPs 7.4 0.3 -1.1 -7.3 -0.5 0.2 19

20 Corporate equity issues -8.0 -20.0 -30.6 -10.7 -0.9 -5.3 20

21 Other loans and advances 0.4 2.7 14.5 26.2 -6.6 -3.0 21

22 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 61.7 22

23 Pension fund reserves (1) 142.1 100.5 118.6 65.5 25.1 49.1 23

24 Taxes payable (net) -2.6 4.0 -3.4 -19.7 -7.0 -7.3 24

25 Miscellaneous liabilities 19.5 50.9 67.6 46.8 -4.6 48.9 25

26 Discrepancy -10.4 -29.3 -50.7 -58.6 -66.5 -10.3 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).

F.118 Private Pension Funds (1)

Billions of dollars

 1 Gross saving 0.4 0.4 0.5 0.8 1.1 1.1 1

 2 Fixed nonresidential investment 0.8 0.7 1.2 2.2 1.8 2.0 2

 3 Net acquisition of financial assets 72.4 53.5 31.7 -51.8 35.0 27.6 3

 4 Checkable deposits and currency 0.3 0.4 0.6 0.5 4.2 10.4 4

 5 Time and savings deposits 6.3 0.8 4.6 0.3 4.7 4.4 5

 6 Money market fund shares 1.9 3.4 3.4 2.3 0.6 -0.1 6

 7 Security RPs 1.0 0.8 3.4 7.3 3.1 0.9 7

 8 Credit market instruments 45.3 58.4 102.5 90.6 111.6 107.5 8

 9 Open market paper 3.0 0.2 -4.8 10.2 -10.5 -11.3 9

10 Treasury securities 3.5 14.3 38.7 15.4 125.8 176.0 10

11 Agency- and GSE-backed securities 16.8 16.6 28.2 21.3 -49.0 -98.1 11

12 Corporate and foreign bonds 22.2 27.7 39.8 42.7 42.8 39.6 12

13 Mortgages -0.2 -0.3 0.7 0.9 2.6 1.4 13

14 Corporate equities -42.0 -86.5 -188.3 -184.6 -175.6 -117.6 14

15 Mutual fund shares 70.0 74.9 88.1 20.5 64.8 42.6 15

16 Miscellaneous assets -10.4 1.3 17.5 11.3 21.6 -20.4 16

17 Unallocated insurance contracts (2) -1.4 -1.5 26.3 38.2 10.1 -5.6 17

18 Contributions receivable -1.9 -2.0 4.4 0.7 2.5 -1.2 18

19 Other -7.1 4.8 -13.2 -27.6 9.0 -13.6 19

20 Pension fund reserves (liabilities) (3) 72.8 53.8 32.4 -50.4 35.7 28.5 20

(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 net acquisition of tangible and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.
24 FFA, 2005-2010, March 10, 2011

F.119 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 0.4 0.5 0.7 1.0 1.3 1.3 1

 2 Fixed nonresidential investment 0.8 0.9 1.9 2.7 2.1 2.2 2

 3 Net acquisition of financial assets 5.4 45.5 0.8 17.0 -28.2 -41.9 3

 4 Checkable deposits and currency -0.4 -2.7 4.8 -0.2 -0.0 -0.5 4

 5 Time and savings deposits -0.1 -0.5 -0.1 -0.0 -0.0 -0.0 5

 6 Money market fund shares 0.1 2.1 -1.4 1.9 -0.0 -0.4 6

 7 Security RPs -0.6 4.5 -2.5 1.8 -0.0 -0.7 7

 8 Credit market instruments 18.1 114.6 12.3 13.3 -8.8 -8.6 8

 9 Open market paper 0.1 7.6 -4.4 -12.5 -2.0 -1.7 9

10 Treasury securities 2.8 2.4 -14.6 4.8 28.1 11.3 10

11 Agency- and GSE-backed securities -0.4 49.4 23.3 6.3 -30.5 -21.5 11

12 Municipal securities -0.2 1.6 -0.8 -1.0 0.0 0.1 12

13 Corporate and foreign bonds 14.5 55.5 13.6 15.9 -4.3 3.2 13

14 Mortgages 1.3 -2.0 -4.7 -0.3 -0.1 -0.0 14

15 Corporate equities -5.6 -70.0 -6.4 1.2 -17.3 -29.4 15

16 Mutual fund shares -5.5 -3.4 -5.2 -1.1 -2.5 -2.8 16

17 Miscellaneous assets -0.6 1.0 -0.6 -0.0 0.5 0.6 17

18 Pension fund reserves (liabilities) (1) 5.8 45.9 2.0 18.7 -27.4 -41.0 18

(1) Equal to the net acquisition of tangible and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

F.120 Federal Government Retirement Funds (1)

Billions of dollars

 1 Net acquisition of financial assets 54.7 50.4 47.8 78.9 78.2 81.9 1

 2 Credit market instruments 7.7 8.4 11.7 24.2 7.4 11.0 2

 3 Treasury securities 7.8 8.3 11.3 24.2 6.8 10.1 3

 4 Agency- and GSE-backed securities 0.0 0.1 0.3 0.0 0.6 0.7 4

 5 Corporate and foreign bonds -0.0 -0.0 0.1 -0.1 0.1 0.2 5

 6 Corporate equities 7.0 6.3 2.7 -8.6 8.8 5.2 6

 7 Miscellaneous assets(2) 40.0 35.8 33.3 63.3 61.9 65.7 7

 8 Pension fund reserves (liabilities) (3) 54.7 50.4 47.8 78.9 78.2 81.9 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.
FFA, 2005-2010, March 10, 2011 25

F.121 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net acquisition of financial assets 127.0 305.3 720.9 724.2 -499.0 -502.9 1

 2 Foreign deposits 16.2 -10.6 43.2 2.0 -32.2 8.7 2

 3 Checkable deposits and currency -1.4 7.5 -4.8 5.6 10.4 -3.7 3

 4 Time and savings deposits 15.7 23.7 63.9 84.6 217.9 -105.2 4

 5 Security RPs 112.0 48.7 211.3 -63.5 -62.5 -0.5 5

 6 Credit market instruments -5.5 220.0 375.6 738.6 -644.0 -410.0 6

 7 Open market paper 86.3 116.1 66.3 -56.1 -108.0 -116.3 7

 8 Treasury securities -9.6 -5.9 95.5 399.5 -171.3 -71.0 8

 9 Agency- and GSE-backed securities -107.4 -28.7 104.5 520.3 -213.2 -140.1 9

10 Municipal securities 23.0 33.5 100.7 23.6 -93.3 -66.9 10

11 Corporate and foreign bonds 2.2 105.1 8.5 -148.8 -58.1 -15.7 11

12 Miscellaneous assets -10.0 15.9 31.8 -43.1 11.3 7.7 12

13 Net share issues (liabilities) 127.0 305.3 720.9 724.2 -499.0 -502.9 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117).

F.122 Mutual Funds (1)

Billions of dollars

 1 Gross saving 21.1 11.4 13.4 -2.9 11.5 9.6 1

 2 Net acquisition of financial assets 260.2 336.8 364.7 31.0 490.5 376.4 2

 3 Security RPs 2.8 17.4 -0.6 -7.4 28.6 -14.0 3

 4 Credit market instruments 124.1 184.9 271.1 73.3 380.7 369.7 4

 5 Open market paper 2.9 17.4 -0.4 -62.5 28.6 -12.2 5

 6 Treasury securities 6.6 5.0 18.5 8.7 67.6 40.5 6

 7 Agency- and GSE-backed securities 20.8 15.7 66.2 27.3 46.4 147.5 7

 8 Municipal securities 17.4 32.7 27.8 17.4 90.6 45.8 8

 9 Corporate and foreign bonds 65.9 104.3 123.0 69.9 146.2 148.9 9

10 Other loans and advances 10.5 9.8 36.1 12.4 1.3 -0.9 10

11 Corporate equities 129.6 131.3 91.3 -38.1 86.3 39.7 11

12 Miscellaneous assets 3.7 3.3 2.8 3.2 -5.1 -19.0 12

13 Net share issues (liabilities) 260.2 336.8 364.7 31.0 490.5 376.4 13

14 Discrepancy 21.1 11.4 13.4 -2.9 11.5 9.6 14

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117).

F.123 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets 20.7 8.2 17.8 -60.1 6.4 0.7 1

 2 Credit market instruments 2.2 6.0 -0.9 -40.6 10.2 4.7 2

 3 Treasury securities 0.3 0.2 -1.7 -2.4 1.2 0.6 3

 4 Municipal securities 0.2 0.0 1.9 -12.9 3.1 -0.6 4

 5 Corporate and foreign bonds 1.7 5.7 -1.0 -25.3 5.9 4.6 5

 6 Corporate equities 18.5 2.2 18.7 -19.5 -3.8 -4.0 6

 7 Net share issues (liabilities) 20.7 8.2 17.8 -60.1 6.4 0.7 7

 Exchange-traded funds

 8 Net acquisition of financial assets 56.7 74.0 150.5 177.2 116.5 117.8 8

 9 Credit market instruments 6.8 5.7 13.3 23.0 46.0 29.7 9

10 Treasury securities 4.8 3.4 6.6 7.4 14.7 9.2 10

11 Municipal securities 0.0 0.0 0.6 1.7 3.6 1.7 11

12 Corporate and foreign bonds 1.9 2.4 6.2 13.9 27.6 18.7 12

13 Corporate equities 50.0 68.3 137.2 154.2 70.5 88.2 13

14 Net share issues (liabilities) 56.7 74.0 150.5 177.2 116.5 117.8 14
26 FFA, 2005-2010, March 10, 2011

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 4.2 4.0 4.7 6.6 9.5 8.1 1

 2 Fixed nonresidential investment 0.7 0.7 1.2 1.7 1.7 1.7 2

 3 Net acquisition of financial assets -63.5 53.5 301.4 225.7 -386.2 -319.0 3

 4 Checkable deposits and currency -24.5 1.8 -2.7 39.7 11.1 -35.1 4

 5 Time and savings deposits 12.1 -1.5 12.8 21.9 -42.8 -3.7 5

 6 Federal funds and security RPs (net) 14.1 9.7 25.3 -28.2 7.6 22.8 6

 7 Credit market instruments -69.1 46.6 239.0 239.1 -333.9 -324.1 7

 8 Open market paper 8.0 18.5 -4.7 14.1 3.0 -1.6 8

 9 Treasury securities 0.2 1.2 1.3 1.2 5.1 34.3 9

10 Agency- and GSE-backed securities -135.4 -37.1 -11.1 207.0 -27.4 -93.7 10

11 Municipal securities -4.9 -3.6 -2.8 -2.0 -2.2 -4.0 11

12 Corporate and foreign bonds 50.9 16.1 -17.4 -77.7 -33.8 -15.2 12

13 Other loans and advances 52.4 33.1 237.7 38.1 -284.8 -158.7 13

14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Farm Credit System 8.1 11.9 11.9 4.8 -0.2 7.2 15

16 FHLB loans 44.4 21.2 225.8 33.3 -284.6 -165.9 16

17 Mortgages -40.2 18.4 35.9 58.3 6.2 -85.3 17

18 Home -54.7 3.7 -9.7 8.0 -11.8 -91.0 18

19 Multifamily residential 10.5 12.4 42.3 40.0 16.7 7.1 19

20 Farm 4.0 2.2 3.3 10.3 1.3 -1.3 20

21 Consumer credit (2) 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous assets 4.0 -3.2 27.0 -46.7 -28.2 21.1 22

23 Net increase in liabilities -81.7 48.3 325.6 340.3 -321.0 -226.3 23

24 Credit market instruments -84.0 35.6 282.4 271.7 -475.3 -262.8 24

25 GSE issues (3) -84.0 35.6 282.4 271.7 -475.3 -262.8 25

26 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Corporate equities 4.2 1.1 25.5 27.6 96.0 38.4 27

28 Miscellaneous liabilities -1.9 11.6 17.7 41.0 58.3 -2.0 28

29 Discrepancy -14.8 -1.8 27.7 119.5 73.0 99.1 29

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, 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. Beginning 2010:Q1, almost all Fannie Mae and

 Freddie Mac mortgage pools (table F.125) are consolidated on Fannie Mae’s and Freddie Mac’s balance sheets.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

F.125 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 164.5 292.6 623.3 497.0 415.0 187.3 1

 2 Home mortgages 169.0 302.8 622.6 492.2 402.5 179.9 2

 3 Multifamily residential mortgages -4.5 -12.5 -0.7 4.6 12.6 7.7 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages -0.1 2.3 1.4 0.1 -0.2 -0.3 5

 6 Net increase in pool securities (liabilities)(2) 164.5 292.6 623.3 497.0 415.0 187.3 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated

 on Fannie Mae’s and Freddie Mac’s balance sheets (table F.124). Also includes agency- and GSE-backed mortgage pool securities that 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.

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 2005-2010, March 10, 2011 27

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 0.9 0.8 0.6 0.5 0.5 0.4 1

 2 Fixed nonresidential investment 0.3 0.2 0.2 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 730.1 808.3 344.8 -408.7 -757.2 -460.2 3

 4 Treasury securities 19.7 28.7 29.3 -13.6 -18.3 -13.6 4

 5 Agency- and GSE-backed securities (1) -30.6 23.4 25.2 -28.1 -228.0 -108.0 5

 6 Other loans and advances 20.2 65.0 88.6 37.9 -51.1 9.6 6

 7 Mortgages (2) 685.2 631.5 175.7 -351.5 -384.3 -281.0 7

 8 Home 573.3 518.9 36.4 -311.8 -336.8 -230.6 8

 9 Multifamily residential 16.6 14.0 20.6 -10.8 -5.8 -8.7 9

10 Commercial 95.3 98.7 118.7 -29.0 -41.6 -41.7 10

11 Consumer credit 38.4 51.2 22.6 -37.3 -41.3 -57.8 11

12 Trade credit -2.8 8.5 3.4 -16.1 -34.3 -9.5 12

13 Net increase in liabilities 729.4 807.8 344.3 -409.2 -757.6 -460.5 13

14 Commercial paper 148.3 162.9 -194.2 -83.9 -266.2 -37.7 14

15 Corporate bonds (net) (5) 581.1 644.8 538.6 -325.3 -491.4 -422.8 15

16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

17 Consumer leases (3) -0.6 -0.5 -0.5 -0.4 -0.4 -0.3 17

18 REIT assets (4) 17.3 2.8 -17.9 -45.5 -7.8 -11.3 18

(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; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(4) Included in table F.128.

(5) Net issuance less net acquisition of corporate bonds held as assets.

F.127 Finance Companies (1)

Billions of dollars

 1 Gross saving 60.7 60.4 65.2 79.1 90.4 94.8 1

 2 Fixed nonresidential investment 46.0 44.6 46.6 33.7 23.7 26.0 2

 3 Net acquisition of financial assets 99.0 34.3 19.9 -59.5 -189.2 -159.7 3

 4 Checkable deposits and currency -8.9 -1.6 0.4 0.3 0.5 -1.9 4

 5 Time and savings deposits -9.1 -4.8 1.2 0.8 1.6 -5.6 5

 6 Credit market instruments 64.7 71.0 16.6 -72.3 -223.3 -132.6 6

 7 Corporate and foreign bonds -52.5 -18.7 4.5 3.0 6.3 -21.8 7

 8 Other loans and advances 27.6 18.9 24.9 16.9 -91.0 -4.0 8

 9 Mortgages 65.4 53.0 -62.5 -84.0 -50.5 -60.6 9

10 Consumer credit 24.2 17.8 49.7 -8.3 -88.0 -46.2 10

11 Miscellaneous assets 52.2 -30.2 1.7 11.8 31.9 -19.7 11

12 Net increase in liabilities 63.5 48.5 26.5 -69.1 -250.2 -179.0 12

13 Credit market instruments 33.5 34.8 34.9 -79.4 -156.2 -171.5 13

14 Open market paper -15.3 5.3 -15.1 -22.6 -38.8 2.3 14

15 Corporate bonds 43.6 42.4 -2.8 -49.6 -87.0 -106.0 15

16 Bank loans n.e.c. 5.2 -12.9 52.8 -7.1 -30.4 -67.8 16

17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable 1.9 0.0 -1.5 -0.1 -2.8 0.5 18

19 Miscellaneous liabilities 28.2 13.7 -6.9 10.4 -91.2 -7.9 19

20 Foreign direct investment in U.S. 6.3 5.2 -9.4 23.0 7.6 1.2 20

21 Investment by parent 25.5 26.2 -13.4 -8.4 -32.6 -14.0 21

22 Other -3.7 -17.8 15.8 -4.2 -66.3 4.9 22

23 Discrepancy -20.7 29.9 25.1 35.8 5.7 49.5 23

 Memo:

24 Consumer leases not included above (2) 11.2 20.6 16.9 -11.8 -25.7 -11.5 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table F.126.
28 FFA, 2005-2010, March 10, 2011

F.128 Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving -18.5 -10.9 -18.2 -12.4 6.5 -1.8 1

 2 Fixed nonresidential investment 6.1 5.3 7.5 6.5 4.8 4.5 2

 3 Multifamily residential investment 2.5 3.5 -9.3 0.1 -0.1 5.6 3

 4 Net acquisition of financial assets 53.9 38.8 -27.3 -62.7 1.6 18.3 4

 5 Checkable deposits and currency 1.4 4.9 -1.8 1.8 8.1 -4.1 5

 6 Credit market instruments 41.0 26.1 -21.2 -63.9 -12.5 4.5 6

 7 Agency- and GSE-backed securities -4.0 24.8 23.5 1.6 0.9 6.9 7

 8 Corporate and foreign bonds 17.0 11.6 -30.2 -20.0 3.2 5.4 8

 9 Mortgages 28.1 -10.3 -14.5 -45.5 -16.6 -7.9 9

10 Home 24.6 -23.7 -24.5 -42.5 -9.1 -7.8 10

11 Multifamily residential 0.3 3.1 0.2 -1.3 -2.1 -0.2 11

12 Commercial 3.2 10.3 9.9 -1.7 -5.5 0.1 12

13 Miscellaneous assets 11.6 7.8 -4.4 -0.7 6.0 18.0 13

14 Net increase in liabilities 88.9 59.9 24.5 -50.7 -17.7 48.0 14

15 Security RPs 13.2 14.4 -6.2 -11.2 14.6 9.7 15

16 Credit market instruments 55.4 15.5 10.2 -48.6 -33.7 12.1 16

17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate bonds 32.8 13.9 0.7 -55.1 -25.0 15.6 18

19 Bank loans n.e.c. 8.4 -5.0 4.8 -0.3 -12.1 -5.5 19

20 Mortgages 14.1 6.6 4.7 6.8 3.4 2.1 20

21 Corporate equity issues 16.1 22.2 17.1 12.8 24.2 28.2 21

22 Miscellaneous liabilities 4.3 7.8 3.4 -3.7 -22.8 -2.1 22

23 Discrepancy 7.9 1.4 35.3 -6.9 -17.5 17.6 23

 Memo:

24 Securitized assets included above 17.3 2.8 -17.9 -45.5 -7.8 -11.3 24

25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Home mortgages 15.7 -9.8 -20.2 -39.4 -8.2 -7.0 26

27 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 27

28 Commercial mortgages 1.6 12.3 2.4 -6.1 0.4 -4.2 28
FFA, 2005-2010, March 10, 2011 29

F.129 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 11.1 21.0 -22.6 -81.1 -66.0 -57.4 1

 2 Fixed nonresidential investment 12.3 15.8 21.7 17.6 15.1 16.3 2

 3 Net acquisition of financial assets 282.2 614.7 350.3 -874.8 -133.0 -9.0 3

 4 Checkable deposits and currency -6.4 24.0 24.5 15.1 -29.4 6.2 4

 5 Credit market instruments 82.3 106.2 219.7 -85.7 -192.1 32.3 5

 6 Open market paper 12.2 4.1 22.8 -21.4 -24.2 -5.3 6

 7 Treasury securities -20.0 -2.4 7.1 250.6 -67.6 -28.5 7

 8 Agency- and GSE-backed securities -6.3 37.0 152.2 -47.5 -131.8 38.9 8

 9 Municipal securities 10.9 8.0 -0.7 -11.4 -3.3 4.6 9

10 Corporate and foreign bonds 77.7 39.8 27.3 -259.0 47.5 14.3 10

11 Other loans and advances 7.7 19.8 11.1 3.1 -12.7 8.2 11

12 Corporate equities 20.1 -0.2 25.4 -28.5 -4.6 -18.5 12

13 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 13

14 Miscellaneous assets 217.7 425.1 47.3 -615.1 54.9 -104.1 14

15 Net increase in liabilities 273.9 585.9 384.4 -712.9 -199.0 -31.8 15

16 Security RPs (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 16

17 Credit market instruments 0.1 6.4 -4.0 77.7 -49.7 36.9 17

18 Corporate bonds 0.1 6.4 -4.0 32.3 -4.2 36.9 18

19 Bank loans n.e.c. (1) 0.0 0.0 0.0 45.5 -45.5 0.0 19

20 Corporate equity issues 3.3 -7.6 32.3 120.2 -32.4 -11.1 20

21 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 21

22 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 22

23 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 23

24 From banks 34.8 71.5 32.3 -113.5 -59.9 22.7 24

25 Taxes payable -0.1 0.7 -0.6 0.3 3.2 -2.1 25

26 Miscellaneous liabilities 26.2 97.8 38.2 -100.4 26.1 9.9 26

27 Foreign direct investment in U.S. -2.6 -5.1 1.0 26.1 9.8 0.8 27

28 Due to affiliates 115.1 62.3 -36.1 65.8 -81.6 -40.9 28

29 Other -86.2 40.6 73.4 -192.2 97.9 50.0 29

30 Proprietors’ net investment -1.2 -6.8 2.4 11.5 -3.6 4.5 30

31 Discrepancy -9.5 -23.6 -10.1 63.2 -147.2 -96.6 31

(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).

F.130 Funding Corporations (1)

Billions of dollars

 1 Net acquisition of financial assets 157.6 122.5 390.9 972.7 -414.8 -125.5 1

 2 Money market fund shares 37.1 41.9 327.6 274.6 -152.2 -209.0 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.0 3

 4 Credit market instruments 52.7 49.5 -54.3 656.0 -220.6 129.0 4

 5 Open market paper 78.4 53.1 -170.6 143.7 -254.4 70.8 5

 6 Corporate and foreign bonds -29.4 -7.1 109.6 497.3 43.6 51.9 6

 7 Other loans and advances 3.6 3.4 6.7 15.1 -9.8 6.3 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 1.3 8

 9 Miscellaneous assets 67.9 31.1 117.6 42.1 -67.2 -46.7 9

10 Investment in foreign banking offices 21.0 8.6 43.7 35.6 -73.5 -31.5 10

11 Investment in brokers and dealers 46.9 22.6 73.9 6.4 6.3 -15.2 11

12 Net increase in liabilities 157.6 122.5 390.9 972.7 -414.8 -125.5 12

13 Credit market instruments 104.7 29.1 114.5 466.4 -434.8 -65.9 13

14 Open market paper 77.1 7.5 62.9 20.1 -125.1 -48.0 14

15 Corporate bonds 27.6 21.6 51.5 1.4 37.9 -3.2 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 444.9 -349.6 -21.9 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 7.2 17

18 Corporate equities (5) 0.0 0.0 0.0 40.0 30.5 3.5 18

19 Miscellaneous liabilities 52.9 93.3 276.4 466.3 -10.4 -63.0 19

20 Foreign direct investment in U.S. 0.6 0.6 0.6 0.6 0.6 0.6 20

21 Securities loaned (net) 174.9 302.6 -2.1 -353.2 -30.2 -123.5 21

22 Equity interest under PPIP 0.0 0.0 0.0 0.0 2.4 7.9 22

23 Other (net) -122.6 -209.9 277.9 818.9 16.8 51.9 23

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(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 the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
30 FFA, 2005-2010, March 10, 2011

F.200 U.S. Official Reserve Assets (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities -14.1 -2.4 0.1 4.8 99.9 2.2 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 2

 3 Rest of the world -14.1 -2.4 0.1 4.8 52.3 2.2 3

 4 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 4

 5 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.7 5

 6 Foreign currency holdings 0.6 0.7 1.0 1.3 0.7 0.5 6

 7 Total assets -14.1 -2.4 0.1 4.8 99.9 2.2 7

 8 Federal government -14.4 -2.7 -0.4 4.2 51.9 2.0 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 10

11 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.7 11

12 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.2 12

13 Rest of the world 0.0 0.0 0.0 0.0 47.6 0.0 13

14 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 15

16 Monetary authority 0.3 0.3 0.5 0.6 0.3 0.2 16

17 Monetary gold (2) -0.0 -0.0 0.0 0.0 0.0 0.0 17

18 Reserve position in IMF (net) 0.0 -0.0 0.0 -0.0 0.0 0.0 18

19 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.2 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

F.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 3.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 3.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.6 -0.7 -0.8 -0.4 -0.3 3

 4 Asset: Monetary authority 0.1 1.7 0.5 -0.0 4.0 0.9 4

 5 Discrepancy (seigniorage) 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 40.8 87.2 257.0 -402.1 -171.6 81.4 1

 Held by:

 2 Household sector 2.4 5.2 15.4 -24.1 -10.3 4.9 2

 3 Nonfinancial corporate business 9.9 -14.2 0.9 -25.5 9.0 33.7 3

 4 Money market mutual funds 16.2 -10.6 43.2 2.0 -32.2 8.7 4

 5 Discrepancy--unallocated assets 12.3 106.8 197.5 -354.4 -138.1 34.1 5
FFA, 2005-2010, March 10, 2011 31

F.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities -12.4 -11.3 -97.5 1801.9 -607.9 -176.8 1

 2 Monetary authority 3.6 1.3 5.4 842.0 114.2 -11.1 2

 3 Depository institution reserves -5.0 -0.3 2.1 839.2 117.0 -8.9 3

 4 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.1 4

 5 Commercial banking -15.9 -12.5 -102.9 960.0 -722.1 -165.7 5

 6 To monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 6

 7 To banks in foreign countries -12.3 -9.4 -153.6 419.8 -292.9 -50.1 7

 8 Liabilities, net -24.7 -9.1 -147.0 426.0 -303.0 -41.3 8

 9 U.S.-chartered commercial banks 3.5 111.4 63.9 172.6 -108.3 -74.9 9

10 Due to foreign affiliates 20.2 98.8 64.2 131.5 -20.0 21.0 10

11 - Due from foreign affiliates 16.8 -12.6 0.3 -41.1 88.4 95.9 11

12 Foreign banking offices in U.S. -8.6 -79.2 -168.8 244.3 -171.1 44.2 12

13 Due to foreign affiliates 59.6 190.6 4.5 7.4 2.3 96.3 13

14 - Due from foreign affiliates 68.2 269.8 173.3 -236.9 173.4 52.0 14

15 Bank holding companies -19.6 -41.3 -42.2 9.1 -23.5 -10.6 15

16 Due to foreign affiliates 9.2 -22.6 31.9 92.0 -15.7 -7.6 16

17 - Due from foreign affiliates 28.9 18.7 74.1 83.0 7.8 3.0 17

18 Less: Deposits at foreign banks -12.4 0.3 6.6 6.2 -10.1 8.8 18

19 U.S.-chartered commercial banks -12.6 0.9 6.0 6.6 -15.2 5.7 19

20 Foreign banking offices in U.S. 0.2 -0.6 0.6 -0.4 5.1 3.1 20

21 To U.S. banking, net -3.6 -1.9 1.8 30.6 34.4 -20.0 21

22 U.S.-chartered commercial banks 0.5 -38.1 32.2 113.4 -4.9 -63.0 22

23 Due to: -11.2 12.9 16.5 -16.9 8.3 -22.8 23

24 Foreign offices in U.S. -7.2 14.8 15.4 -47.3 -22.2 -1.7 24

25 Bank holding companies -0.4 -0.0 -0.7 -0.1 -3.9 -1.1 25

26 Unallocated -3.6 -1.9 1.8 30.6 34.4 -20.0 26

27 Less, due from: -11.7 51.0 -15.7 -130.3 13.2 40.2 27

28 Foreign offices in U.S. -4.3 22.1 -6.3 -51.6 -4.7 5.6 28

29 Bank holding companies -7.4 29.0 -9.4 -78.7 17.9 34.6 29

30 Foreign banking offices in U.S. 2.8 7.2 -21.7 -4.3 17.5 7.3 30

31 Due to U.S. banks -4.3 22.1 -6.3 -51.6 -4.7 5.6 31

32 - Due from U.S. banks -7.2 14.8 15.4 -47.3 -22.2 -1.7 32

33 Bank holding companies -6.9 29.0 -8.7 -78.6 21.9 35.7 33

34 Due to U.S. banks -7.4 29.0 -9.4 -78.7 17.9 34.6 34

35 - Due from U.S. banks -0.4 -0.0 -0.7 -0.1 -3.9 -1.1 35

36 Net change in assets -8.8 -9.3 -99.3 1771.4 -642.4 -156.8 36

37 Rest of the world -12.3 -9.4 -153.6 419.8 -292.9 -50.1 37

38 Domestic 3.5 0.1 54.2 1351.5 -349.5 -106.8 38

39 Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 39

40 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 40

41 Loans to member banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 41

42 Commercial banking 4.1 2.0 4.8 800.9 89.6 -24.4 42

43 Reserves at Federal Reserve -4.5 0.4 1.5 798.1 92.4 -22.3 43

44 Vault cash 8.6 1.6 3.3 2.7 -2.8 -2.1 44

45 Savings insts.: Reserves at Fed. Res. -0.5 -0.7 0.6 36.4 6.5 -0.7 45

46 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 4.7 18.1 14.1 46

47 Discrepancy--floats, etc. -3.6 -1.9 1.8 30.6 34.4 -20.0 47
32 FFA, 2005-2010, March 10, 2011

F.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 4.4 -19.9 36.7 568.4 -7.9 266.7 1

 2 Monetary authority 30.1 23.5 17.8 428.2 -117.6 185.0 2

 3 Federal government cash and deposits -1.4 0.2 11.4 349.3 -173.8 149.0 3

 4 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 4

 5 Deposits due to foreign 0.0 0.0 -0.0 1.3 1.0 0.9 5

 6 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 6

 7 Commercial banking -36.4 -35.9 13.3 141.4 85.0 76.8 7

 8 Federal government deposits 7.0 -5.9 14.9 -39.5 0.3 -0.1 8

 9 Deposits due to foreign 6.4 9.2 5.2 33.6 -23.1 -0.2 9

10 Private domestic deposits -49.8 -39.2 -6.9 147.3 107.7 77.1 10

11 Savings institutions 3.8 0.9 4.5 -2.9 13.1 -0.7 11

12 Credit unions 7.0 -8.5 1.1 1.6 11.6 5.5 12

13 Net change in assets 4.4 -19.9 36.7 568.4 -7.9 266.7 13

14 Household sector -127.2 -43.8 -71.8 236.8 71.4 -36.7 14

15 Nonfinancial business 150.5 -41.6 58.4 -104.9 114.6 148.0 15

16 Corporate 73.6 -116.9 -9.0 -109.2 152.0 169.6 16

17 Nonfarm noncorporate 76.3 73.1 65.7 3.3 -38.3 -22.2 17

18 Farm 0.7 2.1 1.8 0.9 0.9 0.6 18

19 State and local governments 9.5 5.4 -4.8 8.5 19.2 6.7 19

20 Federal government 12.2 -2.7 25.1 313.1 -174.2 148.9 20

21 Rest of the world 14.9 11.4 -5.4 64.0 -9.4 29.1 21

22 Checkable deposits 6.4 9.2 5.2 34.8 -22.0 0.7 22

23 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 23

24 Financial sectors -50.5 54.3 34.2 56.1 -29.2 -28.3 24

25 Commercial banking -0.5 -0.1 -0.3 0.6 1.0 -0.9 25

26 Savings institutions 2.4 -3.3 -0.5 -11.2 -4.2 -2.4 26

27 Credit unions -2.0 6.2 -1.1 -5.7 1.4 -6.3 27

28 Property-casualty insurance companies -4.8 8.9 12.8 -14.8 -0.3 11.9 28

29 Life insurance companies -5.5 8.3 2.3 24.4 -32.1 -1.9 29

30 Private pension funds 0.3 0.4 0.6 0.5 4.2 10.4 30

31 State and local govt. retirement funds -0.4 -2.7 4.8 -0.2 -0.0 -0.5 31

32 Money market mutual funds -1.4 7.5 -4.8 5.6 10.4 -3.7 32

33 Government-sponsored enterprises -24.5 1.8 -2.7 39.7 11.1 -35.1 33

34 Finance companies -8.9 -1.6 0.4 0.3 0.5 -1.9 34

35 REITs 1.4 4.9 -1.8 1.8 8.1 -4.1 35

36 Brokers and dealers -6.4 24.0 24.5 15.1 -29.4 6.2 36

37 Mail float -4.9 -3.0 1.0 -5.2 -0.3 -1.1 37
FFA, 2005-2010, March 10, 2011 33

F.205 Time and Savings Deposits

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 598.9 608.2 599.9 334.2 375.4 115.8 1

 2 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.2 2

 3 Commercial banking 268.3 287.6 263.0 541.4 384.4 277.2 3

 4 U.S.-chartered commercial banks 262.9 277.8 255.0 540.2 382.9 276.6 4

 5 Foreign banking offices in U.S. 0.5 8.6 6.9 0.1 4.4 5.8 5

 6 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 6

 7 Savings institutions 34.0 28.9 27.6 -59.6 89.4 -5.3 7

 8 Credit unions 12.1 30.5 25.8 43.0 43.4 26.3 8

 9 Large time deposits (1) 284.4 261.2 283.4 -190.6 -141.8 -182.4 9

10 Commercial banking 243.1 264.0 297.6 -97.6 -3.0 -205.0 10

11 U.S.-chartered commercial banks 166.8 129.9 23.1 24.6 -174.0 -150.2 11

12 Foreign banking offices in U.S. 71.4 132.8 273.4 -123.2 173.9 -49.6 12

13 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 13

14 Savings institutions 38.8 -5.2 -19.0 -93.5 -155.8 19.9 14

15 Credit unions 2.5 2.5 4.8 0.5 17.0 2.7 15

16 Net change in assets 598.9 608.2 599.9 334.2 375.4 115.8 16

17 Household sector 487.1 486.5 477.2 194.3 89.5 249.4 17

18 Nonfinancial business 73.4 66.9 -40.7 -60.7 120.3 -31.0 18

19 Corporate 49.9 46.6 -55.7 -59.4 147.9 -15.0 19

20 Nonfarm noncorporate 23.5 20.3 14.9 -1.2 -27.6 -16.0 20

21 State and local governments 12.8 26.2 36.4 19.1 10.8 -0.4 21

22 Federal government -1.0 0.2 1.2 -1.3 0.3 0.1 22

23 Rest of the world 6.7 11.5 40.3 65.5 -43.5 3.3 23

24 Financial sectors 19.9 16.8 85.6 117.3 198.0 -105.5 24

25 Savings institutions -0.5 3.9 3.3 -1.6 7.0 -0.0 25

26 Credit unions -4.5 -4.9 -0.0 11.4 9.5 4.6 26

27 Private pension funds 6.3 0.8 4.6 0.3 4.7 4.4 27

28 State and local govt. retirement funds -0.1 -0.5 -0.1 -0.0 -0.0 -0.0 28

29 Money market mutual funds 15.7 23.7 63.9 84.6 217.9 -105.2 29

30 Government-sponsored enterprises 12.1 -1.5 12.8 21.9 -42.8 -3.7 30

31 Finance companies -9.1 -4.8 1.2 0.8 1.6 -5.6 31

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 127.0 305.3 720.9 724.2 -499.0 -502.9 1

 2 Net purchases 127.0 305.3 720.9 724.2 -499.0 -502.9 2

 3 Household sector 45.2 165.2 233.3 234.1 -268.8 -181.6 3

 4 Nonfinancial corporate business 39.6 68.1 128.1 158.2 -71.8 -93.5 4

 5 Nonfarm noncorporate business 2.4 3.2 2.2 1.0 -5.8 -3.4 5

 6 State and local governments 5.1 6.8 3.4 -1.4 4.5 5.9 6

 7 Rest of the world 0.1 4.1 19.0 23.7 3.3 -12.2 7

 8 Property-casualty insurance companies -0.7 0.7 7.2 12.1 -3.2 -3.2 8

 9 Life insurance companies -3.7 9.7 -1.6 17.5 -5.5 -5.5 9

10 Private pension funds 1.9 3.4 3.4 2.3 0.6 -0.1 10

11 State and local govt. retirement funds 0.1 2.1 -1.4 1.9 -0.0 -0.4 11

12 Funding corporations 37.1 41.9 327.6 274.6 -152.2 -209.0 12
34 FFA, 2005-2010, March 10, 2011

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 315.2 403.2 8.1 -888.4 211.3 -220.0 1

 2 Monetary authority -0.3 -0.9 14.4 44.4 -10.6 -18.0 2

 3 Commercial banking (net) 90.3 70.5 -49.7 -355.7 265.2 -139.8 3

 4 U.S.-chartered commercial banks 57.0 21.4 -36.1 -259.0 244.9 -190.9 4

 5 Foreign banking offices in U.S. 33.4 49.0 -13.6 -96.3 40.3 52.9 5

 6 Bank holding companies -0.2 0.1 0.1 -0.4 -19.9 -1.8 6

 7 Savings institutions -2.3 -19.2 -24.1 -0.0 1.8 -6.0 7

 8 Property-casualty insurance companies 0.1 -0.1 -0.7 1.9 -1.7 0.0 8

 9 Life insurance companies 7.4 0.3 -1.1 -7.3 -0.5 0.2 9

10 REITs 13.2 14.4 -6.2 -11.2 14.6 9.7 10

11 Brokers and dealers (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 11

12 Net change in assets 208.9 98.7 233.1 -301.3 -193.6 -118.2 12

13 Nonfinancial corporate business 8.1 1.0 -7.5 -0.9 2.5 1.5 13

14 State and local governments 10.0 13.5 6.6 -2.7 8.8 6.7 14

15 Rest of the world (net) 45.5 2.4 -35.2 -231.5 -83.8 -129.3 15

16 Monetary authority 13.8 -6.0 5.8 33.5 -80.0 0.0 16

17 Savings institutions -0.1 9.3 27.3 -10.9 -22.7 -6.6 17

18 Credit unions (net) 2.6 -1.6 -2.6 -4.8 2.4 -0.1 18

19 Property-casualty insurance companies 0.6 -0.7 1.7 0.8 0.1 0.5 19

20 Life insurance companies -1.0 -0.1 0.2 5.2 2.2 0.7 20

21 Private pension funds 1.0 0.8 3.4 7.3 3.1 0.9 21

22 State and local govt. retirement funds -0.6 4.5 -2.5 1.8 -0.0 -0.7 22

23 Money market mutual funds 112.0 48.7 211.3 -63.5 -62.5 -0.5 23

24 Mutual funds 2.8 17.4 -0.6 -7.4 28.6 -14.0 24

25 Government-sponsored enterprises (net) 14.1 9.7 25.3 -28.2 7.6 22.8 25

26 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.0 26

27 Discrepancy--unallocated assets 106.3 304.5 -225.0 -587.1 404.9 -101.8 27

F.208 Open Market Paper

Billions of dollars

 1 Total net issues, all types 245.1 317.1 -169.4 -189.0 -461.9 -79.9 1

 2 Commercial paper 245.1 317.4 -169.4 -188.8 -461.9 -79.9 2

 3 Nonfinancial corporate business -7.7 22.4 11.3 7.7 -73.1 24.5 3

 4 Foreign issues in U.S. 38.6 98.4 -69.3 -71.0 59.4 -5.4 4

 5 Nonfinancial 15.7 -1.9 2.0 20.7 -15.2 2.5 5

 6 Financial 22.9 100.3 -71.3 -91.7 74.5 -7.9 6

 7 Financial sectors 214.2 196.6 -111.4 -125.4 -448.2 -99.1 7

 8 Commercial banking 4.0 20.9 35.0 -39.0 -18.1 -15.7 8

 9 ABS issuers 148.3 162.9 -194.2 -83.9 -266.2 -37.7 9

10 Finance companies -15.3 5.3 -15.1 -22.6 -38.8 2.3 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 77.1 7.5 62.9 20.1 -125.1 -48.0 12

13 Bankers’ acceptances (1) 0.0 -0.3 0.0 -0.2 0.0 0.0 13

14 Net purchases, by sector 245.1 317.1 -169.4 -189.0 -461.9 -79.9 14

15 Household sector 14.7 19.0 -10.2 -101.3 28.7 28.8 15

16 Nonfinancial corporate business 16.0 11.7 -53.2 -12.2 -14.7 16.6 16

17 State and local governments 13.1 17.6 -11.3 -63.5 -53.5 -24.7 17

18 Rest of the world 9.9 46.7 -8.3 -45.1 -41.4 0.8 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 0.0 0.0 0.0 15.7 -15.7 0.0 20

21 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions -0.0 0.2 -0.5 -0.4 0.0 0.0 22

23 Property-casualty insurance companies 3.5 0.6 -3.1 5.8 -9.3 -1.8 23

24 Life insurance companies -3.0 4.3 13.1 -3.4 11.5 -22.0 24

25 Private pension funds 3.0 0.2 -4.8 10.2 -10.5 -11.3 25

26 State and local govt. retirement funds 0.1 7.6 -4.4 -12.5 -2.0 -1.7 26

27 Money market mutual funds 86.3 116.1 66.3 -56.1 -108.0 -116.3 27

28 Mutual funds 2.9 17.4 -0.4 -62.5 28.6 -12.2 28

29 Government-sponsored enterprises 8.0 18.5 -4.7 14.1 3.0 -1.6 29

30 Brokers and dealers 12.2 4.1 22.8 -21.4 -24.2 -5.3 30

31 Funding corporations 78.4 53.1 -170.6 143.7 -254.4 70.8 31

(1) Excludes banks’ holdings of own acceptances.
FFA, 2005-2010, March 10, 2011 35

F.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues 307.3 183.7 237.5 1239.0 1443.7 1579.6 1

 2 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 2

 3 Other Treasury issues 306.6 186.4 243.4 1241.4 1446.5 1582.9 3

 4 Net purchases 307.3 183.7 237.5 1239.0 1443.7 1579.6 4

 5 Household sector -102.6 -93.1 -43.5 157.0 384.6 269.2 5

 6 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 6

 7 Other Treasury issues -103.3 -90.3 -37.5 159.4 387.3 272.5 7

 8 Nonfinancial corporate business 18.1 -6.7 -7.1 -7.9 14.5 8.4 8

 9 Nonfarm noncorporate business 6.0 0.2 3.0 -7.5 -4.0 -2.3 9

10 State and local governments 92.3 45.5 7.1 -48.6 20.1 14.2 10

11 Rest of the world 245.1 150.3 165.3 710.1 583.9 736.0 11

12 Monetary authority 26.4 34.7 -38.3 -264.7 300.7 244.9 12

13 Commercial banking -10.7 -2.1 17.4 -19.2 92.2 113.0 13

14 U.S.-chartered commercial banks -10.1 -2.2 11.1 -19.6 64.3 93.9 14

15 Foreign banking offices in U.S. 0.1 -1.0 3.6 5.1 25.9 4.7 15

16 Bank holding companies -0.9 1.4 4.6 -4.0 2.7 13.8 16

17 Banks in U.S.-affiliated areas 0.1 -0.2 -1.9 -0.6 -0.7 0.6 17

18 Savings institutions 4.0 4.5 -5.4 -4.1 3.8 -0.9 18

19 Credit unions -1.1 -0.3 3.0 -1.6 5.3 -2.8 19

20 Property-casualty insurance companies 0.3 3.1 -38.7 -5.6 22.9 2.8 20

21 Life insurance companies 13.5 -7.6 -17.3 35.1 27.7 28.1 21

22 Private pension funds 3.5 14.3 38.7 15.4 125.8 176.0 22

23 State and local govt. retirement funds 2.8 2.4 -14.6 4.8 28.1 11.3 23

24 Federal government retirement funds 7.8 8.3 11.3 24.2 6.8 10.1 24

25 Money market mutual funds -9.6 -5.9 95.5 399.5 -171.3 -71.0 25

26 Mutual funds 6.6 5.0 18.5 8.7 67.6 40.5 26

27 Closed-end funds 0.3 0.2 -1.7 -2.4 1.2 0.6 27

28 Exchange-traded funds 4.8 3.4 6.6 7.4 14.7 9.2 28

29 Government-sponsored enterprises 0.2 1.2 1.3 1.2 5.1 34.3 29

30 ABS issuers 19.7 28.7 29.3 -13.6 -18.3 -13.6 30

31 Brokers and dealers -20.0 -2.4 7.1 250.6 -67.6 -28.5 31

 Memo:

32 Federal government borrowing (1) 306.9 183.4 237.1 1239.2 1443.9 1580.2 32

(1) Total issues of Treasury securities (table F.209, line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 12).
36 FFA, 2005-2010, March 10, 2011

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues 80.0 327.9 905.3 768.9 -60.2 -74.8 1

 2 Budget agencies -0.4 -0.3 -0.4 0.2 0.1 0.7 2

 3 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -262.8 3

 4 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.0 187.3 4

 5 Net purchases 80.0 327.9 905.3 768.9 -60.2 -74.8 5

 6 Household sector 97.0 -65.0 335.5 95.6 -624.6 -5.1 6

 7 Nonfinancial corporate business 6.0 -2.2 -2.4 -2.6 1.5 2.8 7

 8 State and local governments 28.4 38.3 18.8 -7.6 -15.0 13.3 8

 9 Federal government 0.0 0.0 0.0 54.4 171.1 0.0 9

10 Rest of the world 134.3 224.0 248.8 -228.6 -175.0 -2.7 10

11 Monetary authority 0.0 0.0 0.0 19.7 1048.5 71.4 11

12 Commercial banking -5.4 45.9 -113.3 147.1 102.0 77.5 12

13 U.S.-chartered commercial banks -3.3 47.5 -111.4 139.7 131.3 93.1 13

14 Foreign banking offices in U.S. -0.9 4.2 2.0 -6.6 -18.4 -4.7 14

15 Bank holding companies -2.3 -0.0 -1.3 15.9 -7.0 -3.2 15

16 Banks in U.S.-affiliated areas 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 16

17 Savings institutions 55.8 -13.4 0.3 -3.5 27.8 20.2 17

18 Credit unions -6.8 -13.9 -4.1 14.4 27.9 37.2 18

19 Property-casualty insurance companies 5.8 4.1 3.8 -11.5 1.9 -6.9 19

20 Life insurance companies 11.4 8.8 5.5 -16.7 5.8 -15.0 20

21 Private pension funds 16.8 16.6 28.2 21.3 -49.0 -98.1 21

22 State and local govt. retirement funds -0.4 49.4 23.3 6.3 -30.5 -21.5 22

23 Federal government retirement funds 0.0 0.1 0.3 0.0 0.6 0.7 23

24 Money market mutual funds -107.4 -28.7 104.5 520.3 -213.2 -140.1 24

25 Mutual funds 20.8 15.7 66.2 27.3 46.4 147.5 25

26 Government-sponsored enterprises -135.4 -37.1 -11.1 207.0 -27.4 -93.7 26

27 ABS issuers -30.6 23.4 25.2 -28.1 -228.0 -108.0 27

28 REITs -4.0 24.8 23.5 1.6 0.9 6.9 28

29 Brokers and dealers -6.3 37.0 152.2 -47.5 -131.8 38.9 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 Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 32.
FFA, 2005-2010, March 10, 2011 37

F.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 195.0 177.4 215.6 61.4 128.7 116.2 1

 2 State and local governments 171.3 153.1 190.4 50.7 108.3 103.9 2

 3 Short-term (1) 5.7 -3.1 17.3 12.5 2.9 14.5 3

 4 Long-term 165.6 156.2 173.1 38.2 105.4 89.5 4

 5 Nonprofit organizations (2) 16.0 18.9 17.1 8.1 14.9 4.0 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 7.6 5.4 8.1 2.6 5.5 8.3 6

 7 Net change in assets 195.0 177.4 215.6 61.4 128.7 116.2 7

 8 Household sector 78.6 50.8 24.0 7.3 107.1 85.4 8

 9 Nonfinancial corporate business 0.3 -4.0 1.1 -3.0 -0.3 -0.2 9

10 Nonfarm noncorporate business 0.1 1.3 -0.5 -0.4 -0.4 -0.2 10

11 State and local governments 0.4 0.5 0.2 -0.1 0.3 0.4 11

12 Rest of the world 3.0 5.4 10.7 5.4 6.5 16.0 12

13 Commercial banking 16.9 22.6 12.7 23.7 1.9 27.5 13

14 Savings institutions 1.5 2.5 -0.1 -3.3 1.5 1.8 14

15 Property-casualty insurance companies 45.4 22.1 36.1 10.6 -12.6 0.4 15

16 Life insurance companies 2.4 4.1 4.8 5.7 26.1 4.4 16

17 State and local govt. retirement funds -0.2 1.6 -0.8 -1.0 0.0 0.1 17

18 Money market mutual funds 23.0 33.5 100.7 23.6 -93.3 -66.9 18

19 Mutual funds 17.4 32.7 27.8 17.4 90.6 45.8 19

20 Closed-end funds 0.2 0.0 1.9 -12.9 3.1 -0.6 20

21 Exchange-traded funds 0.0 0.0 0.6 1.7 3.6 1.7 21

22 Government-sponsored enterprises -4.9 -3.6 -2.8 -2.0 -2.2 -4.0 22

23 Brokers and dealers 10.9 8.0 -0.7 -11.4 -3.3 4.6 23

(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).

F.212 Corporate and Foreign Bonds

Billions of dollars

 1 Net issues 864.2 1249.9 1233.2 -227.6 -68.2 -38.9 1

 2 Nonfinancial corporate business 56.7 215.6 311.2 204.6 377.2 419.9 2

 3 Rest of the world (1) 64.5 227.8 218.7 -158.9 144.9 77.8 3

 4 Financial sectors 743.0 806.5 703.3 -273.3 -590.3 -536.6 4

 5 Commercial banking 56.7 75.3 119.5 131.0 -20.5 -53.5 5

 6 Savings institutions 1.0 2.0 -0.3 -8.0 -0.2 -3.6 6

 7 ABS issuers (net) (3) 581.1 644.8 538.6 -325.3 -491.4 -422.8 7

 8 Finance companies 43.6 42.4 -2.8 -49.6 -87.0 -106.0 8

 9 REITs 32.8 13.9 0.7 -55.1 -25.0 15.6 9

10 Brokers and dealers 0.1 6.4 -4.0 32.3 -4.2 36.9 10

11 Funding corporations 27.6 21.6 51.5 1.4 37.9 -3.2 11

12 Net purchases 864.2 1249.9 1233.2 -227.6 -68.2 -38.9 12

13 Household sector 119.6 197.0 218.4 -213.3 -150.3 -228.7 13

14 State and local governments 9.0 12.1 6.0 -2.4 7.9 13.0 14

15 Federal government 0.0 0.0 0.0 0.0 0.6 0.3 15

16 Rest of the world (2) 328.5 541.0 424.6 -21.8 -139.4 -38.1 16

17 Commercial banking 123.4 93.3 197.9 1.7 -112.0 -99.3 17

18 Savings institutions 21.0 13.2 49.5 -33.7 -23.3 -10.7 18

19 Credit unions -1.5 7.2 3.9 -8.9 -7.0 -18.6 19

20 Property-casualty insurance companies 17.5 14.2 5.9 -15.4 30.8 0.9 20

21 Life insurance companies 74.7 29.7 43.1 -45.5 97.6 108.0 21

22 Private pension funds 22.2 27.7 39.8 42.7 42.8 39.6 22

23 State and local govt. retirement funds 14.5 55.5 13.6 15.9 -4.3 3.2 23

24 Federal government retirement funds -0.0 -0.0 0.1 -0.1 0.1 0.2 24

25 Money market mutual funds 2.2 105.1 8.5 -148.8 -58.1 -15.7 25

26 Mutual funds 65.9 104.3 123.0 69.9 146.2 148.9 26

27 Closed-end funds 1.7 5.7 -1.0 -25.3 5.9 4.6 27

28 Exchange-traded funds 1.9 2.4 6.2 13.9 27.6 18.7 28

29 Government-sponsored enterprises 50.9 16.1 -17.4 -77.7 -33.8 -15.2 29

30 Finance companies -52.5 -18.7 4.5 3.0 6.3 -21.8 30

31 REITs 17.0 11.6 -30.2 -20.0 3.2 5.4 31

32 Brokers and dealers 77.7 39.8 27.3 -259.0 47.5 14.3 32

33 Funding corporations -29.4 -7.1 109.6 497.3 43.6 51.9 33

(1) Net purchases of foreign issues by U.S. residents.

(2) Net purchases of U.S. issues by foreign residents.

(3) Net issuance less net acquisition of corporate bonds held as assets.
38 FFA, 2005-2010, March 10, 2011

F.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues -76.6 -368.6 -460.2 266.0 313.9 -0.2 1

 2 Nonfinancial corporate business -341.8 -565.7 -786.8 -336.0 -64.6 -274.0 2

 3 Rest of the world (2) 186.7 137.3 147.8 -39.0 63.3 81.2 3

 4 Financial sectors 78.5 59.7 178.9 640.9 315.2 192.6 4

 5 Commercial banking -13.8 -10.5 -23.8 331.8 78.8 31.3 5

 6 Savings institutions 2.2 0.8 3.3 1.7 1.5 0.5 6

 7 Property-casualty insurance companies -2.8 -8.5 -13.2 0.4 -5.3 -11.4 7

 8 Life insurance companies -8.0 -20.0 -30.6 -10.7 -0.9 -5.3 8

 9 Closed-end funds 20.7 8.2 17.8 -60.1 6.4 0.7 9

10 Exchange-traded funds 56.7 74.0 150.5 177.2 116.5 117.8 10

11 REITs 16.1 22.2 17.1 12.8 24.2 28.2 11

12 Government-sponsored enterprises 4.2 1.1 25.5 27.6 96.0 38.4 12

13 Brokers and dealers 3.3 -7.6 32.3 120.2 -32.4 -11.1 13

14 Funding corporations (3) 0.0 0.0 0.0 40.0 30.5 3.5 14

15 Net purchases -76.6 -368.6 -460.2 266.0 313.9 -0.2 15

16 Household sector -372.5 -585.0 -847.9 -111.9 104.4 -103.2 16

17 State and local governments 2.5 -4.4 2.7 22.9 17.6 -25.1 17

18 Federal government 0.0 0.0 0.0 256.3 0.6 15.1 18

19 Rest of the world (4) 56.9 96.2 218.5 104.7 139.5 109.1 19

20 Monetary authority 0.0 0.0 0.0 0.0 25.1 1.3 20

21 Commercial banking 0.1 0.7 1.6 2.4 6.8 -1.6 21

22 Savings institutions -1.0 -1.0 -0.1 -1.5 -0.5 -1.3 22

23 Property-casualty insurance companies -6.1 2.3 0.5 35.1 -2.4 -6.4 23

24 Life insurance companies 65.9 71.4 84.1 81.8 33.4 47.0 24

25 Private pension funds -42.0 -86.5 -188.3 -184.6 -175.6 -117.6 25

26 State and local govt. retirement funds -5.6 -70.0 -6.4 1.2 -17.3 -29.4 26

27 Federal government retirement funds 7.0 6.3 2.7 -8.6 8.8 5.2 27

28 Mutual funds 129.6 131.3 91.3 -38.1 86.3 39.7 28

29 Closed-end funds 18.5 2.2 18.7 -19.5 -3.8 -4.0 29

30 Exchange-traded funds 50.0 68.3 137.2 154.2 70.5 88.2 30

31 Brokers and dealers 20.1 -0.2 25.4 -28.5 -4.6 -18.5 31

32 Funding corporations 0.0 0.0 0.0 0.0 25.1 1.3 32

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues 260.2 336.8 364.7 31.0 490.5 376.4 1

 2 Net purchases 260.2 336.8 364.7 31.0 490.5 376.4 2

 3 Household sector 173.5 165.4 208.5 15.2 363.7 286.4 3

 4 Nonfinancial corporate business 1.5 24.9 0.2 -6.1 39.9 39.9 4

 5 State and local governments 0.8 -1.3 0.5 14.3 -7.2 -2.3 5

 6 Rest of the world 32.2 45.2 38.2 -2.0 17.7 17.4 6

 7 Commercial banking -1.8 3.9 3.6 1.3 14.8 -5.9 7

 8 Credit unions -1.0 -0.1 -0.0 -0.0 -0.7 0.2 8

 9 Property-casualty insurance companies 0.3 0.5 -0.5 -0.4 0.1 -0.1 9

10 Life insurance companies -9.9 26.9 31.3 -10.7 0.0 1.0 10

11 Private pension funds 70.0 74.9 88.1 20.5 64.8 42.6 11

12 State and local govt. retirement funds -5.5 -3.4 -5.2 -1.1 -2.5 -2.8 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
FFA, 2005-2010, March 10, 2011 39

F.215 Bank Loans Not Elsewhere Classified

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Total loans by commercial

 1 banking, flow of funds basis 567.8 677.5 671.7 377.1 -576.0 -306.4 1

 - Loans elsewhere classified:

 2 Open market paper 0.0 0.0 0.0 15.7 -15.7 0.0 2

 3 Mortgages 362.4 445.0 241.4 197.0 -22.7 -195.4 3

 4 Consumer credit 2.8 34.2 62.9 74.5 -50.6 -73.7 4

 5 Security credit 34.8 71.5 32.3 -113.5 -59.9 22.7 5

 6 = Banking sector total bank loans n.e.c. 167.8 126.9 335.1 203.3 -427.1 -59.9 6

 7 U.S.-chartered commercial banks 98.7 62.9 233.7 137.9 -298.1 -45.2 7

 8 Foreign banking offices in U.S. 60.7 67.1 105.0 65.1 -125.4 -16.0 8

 9 Bank holding companies 2.7 -2.9 0.7 2.0 -3.2 4.6 9

10 Banks in U.S.-affiliated areas 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 490.4 -347.6 -44.8 11

12 = Total bank loans n.e.c. 167.8 126.9 335.1 693.7 -774.6 -104.7 12

13 Net change in liabilities 167.8 126.9 335.1 693.7 -774.6 -104.7 13

14 Nonfinancial sectors 149.0 189.2 264.2 197.7 -307.2 -8.2 14

15 Household sector 9.7 49.9 13.4 18.0 30.0 82.7 15

16 Corporate business -33.9 9.2 85.1 53.7 -130.6 -31.8 16

17 Nonfarm noncorporate business 156.5 113.0 139.4 117.7 -195.4 -76.8 17

18 Farm business 2.2 3.3 2.3 3.2 -0.1 -0.3 18

19 Rest of the world 14.5 13.8 24.1 5.1 -11.2 17.9 19

20 Foreign official institutions -2.9 -0.7 -0.0 0.7 0.6 1.1 20

21 Foreign banks 4.7 3.8 8.3 2.8 -5.1 11.8 21

22 Other foreign 12.7 10.7 15.8 1.6 -6.6 5.0 22

23 Financial sectors 18.8 -62.3 70.9 496.1 -467.4 -96.5 23

24 Savings institutions 5.2 -44.5 13.3 13.0 -29.8 -1.2 24

25 Finance companies 5.2 -12.9 52.8 -7.1 -30.4 -67.8 25

26 REITs 8.4 -5.0 4.8 -0.3 -12.1 -5.5 26

27 Brokers and dealers 0.0 0.0 0.0 45.5 -45.5 0.0 27

28 Funding corporations 0.0 0.0 0.0 444.9 -349.6 -21.9 28
40 FFA, 2005-2010, March 10, 2011

F.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total other loans and advances 159.1 173.6 533.6 106.7 -436.6 -133.9 1

 2 U.S. government loans -7.0 0.6 -2.2 6.1 66.1 3.4 2

 3 Liab.: Household sector -0.7 1.4 -0.4 0.3 -0.2 -1.0 3

 4 Nonfinancial corporate business 0.8 1.2 -0.3 4.4 59.4 -4.4 4

 5 Nonfarm noncorporate business -2.9 4.8 1.2 2.1 3.3 0.3 5

 6 Farm business -0.2 -0.1 -0.0 0.0 0.5 0.4 6

 7 State and local governments 0.6 0.6 0.7 0.8 0.8 0.9 7

 8 Rest of the world -4.6 -7.4 -3.3 -1.5 0.3 0.0 8

 9 Government-sponsored enterprises 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 10

11 Funding corporations 0.0 0.0 0.0 0.0 2.0 7.2 11

12 Foreign loans to U.S. corporate business 31.3 6.2 102.7 -64.1 -24.9 -21.0 12

13 Liab.: Nonfinancial corporate business 31.3 6.2 102.7 -64.1 -24.9 -21.0 13

 Customers’ liability on acceptances

14 outstanding (Commercial banking asset) 0.0 -0.3 0.0 -0.2 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 0.0 -0.3 -0.1 -0.2 0.0 0.0 15

16 Rest of the world -0.0 -0.1 0.1 0.0 0.0 0.0 16

17 Savings institution loans to business 3.9 6.0 6.2 6.4 -14.5 6.5 17

18 Liab.: Nonfinancial corporate business 1.9 3.0 3.1 3.2 -7.2 3.2 18

19 Nonfarm noncorporate business 1.9 3.0 3.1 3.2 -7.2 3.2 19

20 Credit unions loans to business 1.0 0.9 0.0 2.7 2.7 1.3 20

21 Liab.: Nonfinancial corporate business 0.5 0.4 0.0 1.4 1.4 0.6 21

22 Nonfarm noncorporate business 0.5 0.4 0.0 1.4 1.4 0.6 22

23 Policy loans (Household liability) 0.8 3.3 3.6 5.9 0.7 3.5 23

24 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 24

25 Life insurance companies 0.8 3.4 3.6 5.9 0.7 3.5 25

26 Govt.-sponsored enterprises loans (1) 52.4 33.1 237.7 38.1 -284.8 -158.7 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Noncorporate business (FCS) 1.9 4.2 4.3 24.8 3.1 1.3 28

29 Farm business (FCS) 6.1 7.7 7.7 -20.1 -3.3 6.0 29

30 Commercial banks (FHLB and SLMA) 24.4 80.0 106.7 71.0 -124.2 -124.1 30

31 Savings institutions (FHLB and SLMA) 16.2 -65.7 91.1 -72.2 -139.6 -37.5 31

32 Credit unions (FHLB) 3.3 4.2 13.4 8.3 -14.1 -1.3 32

33 Life insurance companies (FHLB) 0.4 2.7 14.5 26.2 -6.6 -3.0 33

34 Securitized loans held by ABS issuers -17.6 3.8 -4.0 -15.6 -23.7 -8.0 34

35 Liab.: Nonfinancial corporate business -17.6 3.8 -4.0 -15.6 -23.7 -8.0 35

36 Finance company loans to business 27.6 18.9 24.9 16.9 -91.0 -4.0 36

37 Liab.: Nonfinancial corporate business 24.9 17.0 22.4 15.2 -81.9 -3.6 37

38 Nonfarm noncorporate business 2.8 1.9 2.5 1.7 -9.1 -0.4 38

39 Loans to nonfinancial corporate business (2) 66.6 101.1 164.6 110.5 -67.1 43.3 39

40 Asset: Household sector 2.7 0.4 8.5 12.2 -5.3 3.4 40

41 Life insurance companies 4.2 6.5 9.6 14.3 -13.3 8.6 41

42 Mutual funds 10.5 9.8 36.1 12.4 1.3 -0.9 42

43 ABS issuers 37.8 61.2 92.6 53.4 -27.4 17.6 43

44 Brokers and dealers 7.7 19.8 11.1 3.1 -12.7 8.2 44

45 Funding corporations 3.6 3.4 6.7 15.1 -9.8 6.3 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.
FFA, 2005-2010, March 10, 2011 41

F.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in mortgages 1433.8 1390.8 1053.1 89.9 -289.5 -483.1 1

 2 Home 1114.2 1073.2 711.6 -106.5 -210.0 -311.6 2

 3 Multifamily residential 62.3 40.7 79.3 46.0 11.2 -7.4 3

 4 Commercial 248.2 273.7 257.5 129.5 -91.7 -162.1 4

 5 Farm 9.1 3.3 4.6 20.9 0.9 -1.9 5

 6 Net borrowing 1433.8 1390.8 1053.1 89.9 -289.5 -483.1 6

 7 Household sector 1047.1 1017.6 700.7 -78.0 -164.7 -284.0 7

 8 Nonfinancial business 372.6 366.6 347.8 161.1 -128.3 -201.1 8

 9 Corporate 192.6 82.0 38.8 -30.7 -39.2 -75.6 9

10 Nonfarm noncorporate 170.9 281.3 304.3 170.9 -90.0 -123.6 10

11 Farm 9.1 3.3 4.6 20.9 0.9 -1.9 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 14.1 6.6 4.7 6.8 3.4 2.1 13

14 Net change in assets 1433.8 1390.8 1053.1 89.9 -289.5 -483.1 14

15 Household sector 8.1 -17.3 -12.3 2.0 -9.3 -10.2 15

16 Nonfinancial corporate business 1.7 -8.4 -18.4 -7.7 -7.7 -7.7 16

17 Nonfarm noncorporate business 5.3 -1.5 7.4 -3.0 -3.0 -1.7 17

18 State and local governments 10.8 14.5 6.4 -3.2 9.4 5.5 18

19 Federal government 2.4 3.7 2.1 13.5 12.6 -1.8 19

20 Commercial banking 362.4 445.0 241.4 197.0 -22.7 -195.4 20

21 Savings institutions (1) 95.3 -77.2 17.2 -233.4 -227.3 -18.4 21

22 Credit unions 31.3 30.1 31.8 33.2 3.2 1.1 22

23 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 23

24 Life insurance companies 12.1 18.3 22.4 16.3 -16.3 -8.1 24

25 Private pension funds -0.2 -0.3 0.7 0.9 2.6 1.4 25

26 State and local govt. retirement funds 1.3 -2.0 -4.7 -0.3 -0.1 -0.0 26

27 Government-sponsored enterprises (1) -40.2 18.4 35.9 58.3 6.2 -85.3 27

28 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.0 187.3 28

29 ABS issuers 685.2 631.5 175.7 -351.5 -384.3 -281.0 29

30 Finance companies 65.4 53.0 -62.5 -84.0 -50.5 -60.6 30

31 REITs 28.1 -10.3 -14.5 -45.5 -16.6 -7.9 31

(1) FHLB loans to savings institutions are included in other loans and advances.
42 FFA, 2005-2010, March 10, 2011

F.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net borrowing 1114.2 1073.2 711.6 -106.5 -210.0 -311.6 1

 2 Household sector 1039.0 990.7 674.8 -49.4 -155.7 -269.1 2

 3 Nonfinancial corporate business 7.6 8.2 2.9 -10.2 -12.4 -6.8 3

 4 Nonfarm noncorporate business 67.6 74.2 33.9 -46.9 -41.9 -35.8 4

 5 Net change in assets 1114.2 1073.2 711.6 -106.5 -210.0 -311.6 5

 6 Household sector 5.0 -15.0 -12.1 0.4 -8.0 -8.0 6

 7 Nonfinancial corporate business 1.0 -5.1 -10.9 -4.8 -4.6 -4.6 7

 8 Nonfarm noncorporate business 1.9 -0.6 2.7 -1.1 -1.1 -0.6 8

 9 State and local governments 5.5 7.4 3.6 -1.5 4.8 2.2 9

10 Federal government -0.4 0.2 0.3 2.7 5.7 1.8 10

11 Commercial banking 210.5 290.1 128.4 29.1 13.2 -81.2 11

12 Savings institutions 79.6 -86.0 11.1 -212.6 -217.7 -18.1 12

13 Credit unions 31.3 30.1 31.8 33.2 3.2 1.1 13

14 Life insurance companies -0.6 2.9 -0.9 -0.6 -3.2 -0.2 14

15 Private pension funds -0.0 -0.1 -0.1 0.1 0.7 0.1 15

16 State and local govt. retirement funds 0.5 -0.7 -1.7 -0.1 -0.0 0.0 16

17 Government-sponsored enterprises -54.7 3.7 -9.7 8.0 -11.8 -91.0 17

18 Agency- and GSE-backed mortgage pools 169.0 302.8 622.6 492.2 402.5 179.9 18

19 ABS issuers 573.3 518.9 36.4 -311.8 -336.8 -230.6 19

20 Finance companies 67.8 48.3 -65.4 -97.3 -47.8 -54.5 20

21 REITs 24.6 -23.7 -24.5 -42.5 -9.1 -7.8 21

 Memo:

22 Home equity loans included above (2) 139.2 151.3 64.8 -17.8 -82.2 -91.3 22

23 Commercial banking 65.5 104.6 38.6 82.6 -14.3 -60.2 23

24 Savings institutions 30.4 -14.1 42.9 -61.0 -39.5 -6.0 24

25 Credit unions 12.0 11.0 7.2 4.6 -4.1 -6.5 25

26 ABS issuers 17.1 40.1 -10.9 -24.5 -14.7 -8.3 26

27 Finance companies 14.3 9.7 -13.1 -19.5 -9.6 -10.2 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.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 62.3 40.7 79.3 46.0 11.2 -7.4 1

 2 Nonfinancial corporate business 1.4 1.0 6.0 1.9 1.5 -0.9 2

 3 Nonfarm noncorporate business 61.0 39.4 75.7 41.7 7.9 -7.6 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs -0.1 0.3 -2.3 2.3 1.8 1.1 5

 6 Net change in assets 62.3 40.7 79.3 46.0 11.2 -7.4 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.0 -0.1 -0.3 -0.1 -0.1 -0.1 8

 9 Nonfarm noncorporate business 1.9 -0.5 2.6 -1.0 -1.0 -0.6 9

10 State and local governments 4.3 5.8 2.8 -1.2 3.8 2.2 10

11 Federal government -0.0 -0.2 -0.3 0.1 0.1 -0.3 11

12 Commercial banking 20.0 18.9 10.9 42.2 -4.1 -14.0 12

13 Savings institutions 10.8 -2.6 -3.1 -27.5 -5.3 1.4 13

14 Life insurance companies 2.0 3.6 5.8 -0.1 -3.2 -1.2 14

15 Private pension funds -0.0 -0.1 0.1 0.3 0.3 0.4 15

16 State and local govt. retirement funds 0.4 -0.6 -1.4 -0.1 -0.0 -0.1 16

17 Government-sponsored enterprises 10.5 12.4 42.3 40.0 16.7 7.1 17

18 Agency- and GSE-backed mortgage pools -4.5 -12.5 -0.7 4.6 12.6 7.7 18

19 ABS issuers 16.6 14.0 20.6 -10.8 -5.8 -8.7 19

20 Finance companies 0.0 -0.5 -0.1 0.8 -0.7 -1.0 20

21 REITs 0.3 3.1 0.2 -1.3 -2.1 -0.2 21
FFA, 2005-2010, March 10, 2011 43

F.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net borrowing 248.2 273.7 257.5 129.5 -91.7 -162.1 1

 2 Household sector 8.1 26.9 25.9 -28.6 -9.0 -14.9 2

 3 Nonfinancial corporate business 183.5 72.8 30.0 -22.4 -28.3 -67.9 3

 4 Nonfarm noncorporate business 42.3 167.7 194.7 176.1 -56.0 -80.2 4

 5 REITs 14.2 6.3 7.0 4.5 1.6 1.0 5

 6 Net change in assets 248.2 273.7 257.5 129.5 -91.7 -162.1 6

 7 Household sector 1.9 2.2 2.1 0.9 -0.7 -2.5 7

 8 Nonfinancial corporate business 0.6 -3.2 -7.3 -2.8 -3.0 -3.0 8

 9 Nonfarm noncorporate business 1.4 -0.4 2.0 -0.8 -0.8 -0.5 9

10 State and local governments 0.9 1.2 0.6 -0.2 0.8 1.0 10

11 Federal government 2.8 3.7 2.1 10.4 6.4 -3.7 11

12 Commercial banking 128.7 133.8 100.4 117.9 -32.5 -99.4 12

13 Savings institutions 4.9 11.3 9.1 6.7 -4.2 -1.7 13

14 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 14

15 Life insurance companies 10.2 11.1 16.8 14.9 -9.4 -6.4 15

16 Private pension funds -0.1 -0.2 0.7 0.5 1.5 0.9 16

17 State and local govt. retirement funds 0.5 -0.7 -1.6 -0.1 -0.0 0.0 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 95.3 98.7 118.7 -29.0 -41.6 -41.7 19

20 Finance companies -2.4 5.2 2.9 12.6 -2.0 -5.1 20

21 REITs 3.2 10.3 9.9 -1.7 -5.5 0.1 21

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing (Farm business) 9.1 3.3 4.6 20.9 0.9 -1.9 1

 2 Net change in assets 9.1 3.3 4.6 20.9 0.9 -1.9 2

 3 Household sector 1.1 -4.5 -2.2 0.7 -0.6 0.3 3

 4 Nonfarm noncorporate business 0.1 -0.0 0.1 -0.1 -0.1 -0.0 4

 5 State and local governments 0.1 0.1 -0.7 -0.3 0.0 0.0 5

 6 Federal government -0.0 -0.0 0.1 0.2 0.4 0.4 6

 7 Commercial banking 3.3 2.2 1.7 7.8 0.6 -0.8 7

 8 Savings institutions 0.0 0.1 0.1 0.0 -0.0 0.0 8

 9 Life insurance companies 0.6 0.7 0.7 2.0 -0.5 -0.2 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 4.0 2.2 3.3 10.3 1.3 -1.3 11

12 Agency- and GSE-backed mortgage pools -0.1 2.3 1.4 0.1 -0.2 -0.3 12

(1) Excludes mortgages on farm houses.
44 FFA, 2005-2010, March 10, 2011

F.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities (Households) 100.4 95.4 139.3 38.8 -115.3 -44.2 1

 2 Net change in assets 100.4 95.4 139.3 38.8 -115.3 -44.2 2

 3 Nonfinancial corporate business 0.4 -2.0 1.0 1.2 -2.6 7.7 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 3.7 1.9 6.7 12.6 75.0 131.1 5

 6 Commercial banking 2.8 34.2 62.9 74.5 -50.6 -73.7 6

 7 Savings institutions 17.8 -13.5 -4.8 -4.5 -8.8 5.3 7

 8 Credit unions 13.2 5.9 1.2 0.5 1.0 -10.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 38.4 51.2 22.6 -37.3 -41.3 -57.8 10

11 Finance companies 24.2 17.8 49.7 -8.3 -88.0 -46.2 11

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 340.8 189.1 202.0 -174.1 4.9 216.1 1

 2 Household sector 13.0 13.6 14.6 15.7 10.9 18.1 2

 3 Nonfinancial corporate business 199.4 110.3 85.9 -229.9 -57.0 182.8 3

 4 Nonfarm noncorporate business 52.0 20.0 29.3 -11.9 -33.5 -19.4 4

 5 Farm business -2.8 -7.0 -4.1 24.6 4.7 -9.0 5

 6 State and local governments 32.1 34.4 37.0 39.6 38.4 39.1 6

 7 Federal government 33.7 6.2 29.3 22.4 -5.4 23.0 7

 8 Rest of the world 6.3 6.2 12.4 -9.9 -2.0 33.6 8

 9 Brokers and dealers 7.0 5.2 -2.4 -24.7 48.9 -52.0 9

10 Net change in trade receivables 371.2 43.1 248.5 -182.0 -203.4 82.1 10

11 Nonfinancial corporate business 277.6 -18.3 163.1 -172.0 -118.0 84.7 11

12 Nonfarm noncorporate business 66.6 40.0 54.7 -3.0 -40.2 -23.3 12

13 State and local governments 10.2 13.8 6.8 -2.7 9.0 12.0 13

14 Federal government 9.2 -11.6 1.2 4.2 -21.2 -0.5 14

15 Rest of the world 7.9 5.9 20.8 6.3 5.0 17.9 15

16 Property-casualty insurance companies 2.4 4.9 -1.6 1.3 -3.7 0.8 16

17 ABS issuers -2.8 8.5 3.4 -16.1 -34.3 -9.5 17

18 Discrepancy -30.4 145.9 -46.4 8.0 208.3 134.0 18

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 0.2 211.5 276.5 -397.9 -95.9 123.6 1

 2 Household sector -31.6 59.7 33.4 -160.7 38.1 75.2 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 31.8 151.8 243.0 -237.3 -134.0 48.4 4

 5 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 5

 6 From U.S.-chartered commercial banks -6.6 20.9 29.3 12.8 -59.2 -5.8 6

 7 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 7

 8 Net change in assets 0.2 211.5 276.5 -397.9 -95.9 123.6 8

 9 Household sector -3.0 80.4 210.8 -123.8 -74.1 25.7 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 34.8 71.5 32.3 -113.5 -59.9 22.7 11

12 Brokers and dealers -31.6 59.7 33.4 -160.7 38.1 75.2 12
FFA, 2005-2010, March 10, 2011 45

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Life insurance reserves:

 1 Net change in liabilities 16.1 65.6 34.2 67.0 26.5 62.6 1

 2 Federal government 1.1 1.5 1.2 1.0 1.1 0.9 2

 3 Life insurance companies 14.9 64.1 33.0 66.0 25.4 61.7 3

 4 Net change in assets (Households) 16.1 65.6 34.2 67.0 26.5 62.6 4

 Pension fund reserves:

 5 Net change in liabilities 275.4 250.6 200.8 112.7 111.6 118.6 5

 6 Life insurance companies 142.1 100.5 118.6 65.5 25.1 49.1 6

 7 Private pension funds (1) 72.8 53.8 32.4 -50.4 35.7 28.5 7

 8 State and local govt. retirement funds 5.8 45.9 2.0 18.7 -27.4 -41.0 8

 9 Federal government retirement funds (2) 54.7 50.4 47.8 78.9 78.2 81.9 9

10 Net change in assets (Households) (3) 275.4 250.6 200.8 112.7 111.6 118.6 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 F.225.i), except those at life insurance companies.

F.226 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all -4.7 22.5 -69.3 -123.8 -4.2 -1.1 1

 businesses

 2 Nonfinancial corporate business -1.8 -0.8 -49.6 3.1 -2.6 7.7 2

 3 Nonfarm noncorporate business 8.7 9.0 3.8 6.7 -7.7 -4.5 3

 4 U.S.-chartered commercial banks -7.9 -1.1 -13.6 -85.7 7.1 6.7 4

 5 Savings institutions 0.1 -0.4 -2.0 -0.3 0.3 -0.3 5

 6 Property-casualty insurance companies -3.1 11.0 -2.4 -28.1 5.3 -1.8 6

 7 Life insurance companies -2.6 4.0 -3.4 -19.7 -7.0 -7.3 7

 8 Finance companies 1.9 0.0 -1.5 -0.1 -2.8 0.5 8

 9 Brokers and dealers -0.1 0.7 -0.6 0.3 3.2 -2.1 9

10 Net change in business taxes receivable 40.9 5.1 -34.7 -64.9 4.2 35.7 10

11 State and local governments 15.5 11.5 0.8 -3.5 -16.1 16.1 11

12 Federal government 25.3 -6.3 -35.5 -61.4 20.3 19.6 12

13 Discrepancy -45.6 17.3 -34.6 -58.8 -8.4 -36.8 13

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -56.0 -11.0 -33.2 -289.0 -66.6 24.7 1

 2 Nonfarm noncorporate business -30.9 22.3 -31.6 -285.2 -65.3 25.7 2

 3 Farm business -23.9 -26.6 -4.1 -15.3 2.3 -5.4 3

 4 Brokers and dealers -1.2 -6.8 2.4 11.5 -3.6 4.5 4
46 FFA, 2005-2010, March 10, 2011

F.228 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 1265.0 1863.5 2559.3 2245.2 -75.9 1433.1 1

 2 Household sector 1.0 0.5 1.0 3.2 -4.9 0.2 2

 3 Nonfinancial corporate business 781.7 825.5 1284.8 600.9 220.5 555.2 3

 4 Nonfarm noncorporate business 142.8 144.8 94.1 114.4 113.4 49.3 4

 5 Federal government 68.0 59.4 76.6 89.5 81.4 90.6 5

 6 Rest of the world 24.9 467.0 509.7 613.3 -199.5 523.8 6

 7 Monetary authority 2.8 3.2 2.5 2.2 6.1 29.2 7

 8 Commercial banking 32.5 31.3 165.3 357.7 -207.2 191.3 8

 9 Savings institutions 27.3 19.7 22.2 -30.1 -50.5 11.6 9

10 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.8 10

11 Property-casualty insurance companies 52.2 39.7 12.3 32.8 -5.2 7.0 11

12 Life insurance companies 19.5 50.9 67.6 46.8 -4.6 48.9 12

13 Government-sponsored enterprises -1.9 11.6 17.7 41.0 58.3 -2.0 13

14 Finance companies 28.2 13.7 -6.9 10.4 -91.2 -7.9 14

15 REITs 4.3 7.8 3.4 -3.7 -22.8 -2.1 15

16 Brokers and dealers 26.2 97.8 38.2 -100.4 26.1 9.9 16

17 Funding corporations 52.9 93.3 276.4 466.3 -10.4 -63.0 17

18 Net change in assets 1357.2 2514.6 2569.0 176.7 -211.8 1050.7 18

19 Household sector 58.0 37.4 66.1 55.2 21.1 47.7 19

20 Nonfinancial corporate business 441.2 718.6 929.6 -365.6 130.7 659.5 20

21 Nonfarm noncorporate business 256.0 378.9 328.4 106.6 -160.0 -92.8 21

22 Farm business 1.3 4.1 3.4 1.8 1.7 1.1 22

23 State and local governments -8.9 -3.9 74.5 24.6 46.8 83.4 23

24 Federal government -0.3 3.1 1.9 -28.0 35.4 -2.3 24

25 Rest of the world 167.5 694.5 649.5 -281.6 158.5 460.6 25

26 Monetary authority -3.2 0.1 25.8 530.2 -493.8 7.8 26

27 Commercial banking 94.3 153.6 141.3 680.3 -24.3 -53.1 27

28 Savings institutions -58.8 -4.5 6.2 -25.4 -15.1 -5.1 28

29 Credit unions -0.3 0.8 11.0 8.4 6.4 8.5 29

30 Property-casualty insurance companies 10.8 3.1 17.6 6.8 15.7 2.1 30

31 Life insurance companies 23.4 41.3 39.5 37.2 -22.5 30.1 31

32 Private pension funds -10.4 1.3 17.5 11.3 21.6 -20.4 32

33 State and local govt. retirement funds -0.6 1.0 -0.6 -0.0 0.5 0.6 33

34 Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 34

35 Money market mutual funds -10.0 15.9 31.8 -43.1 11.3 7.7 35

36 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -19.0 36

37 Government-sponsored enterprises 4.0 -3.2 27.0 -46.7 -28.2 21.1 37

38 Finance companies 52.2 -30.2 1.7 11.8 31.9 -19.7 38

39 REITs 11.6 7.8 -4.4 -0.7 6.0 18.0 39

40 Brokers and dealers 217.7 425.1 47.3 -615.1 54.9 -104.1 40

41 Funding corporations 67.9 31.1 117.6 42.1 -67.2 -46.7 41

42 Discrepancy -92.2 -651.2 -9.7 2068.5 135.9 382.5 42
FFA, 2005-2010, March 10, 2011 47

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 36.2 244.9 414.0 351.1 268.7 328.6 1

 2 Equity 61.9 49.0 200.9 145.5 18.4 31.8 2

 3 Reinvested earnings -10.3 217.3 230.5 239.5 239.9 317.5 3

 4 Intercompany accounts -15.4 -21.4 -17.3 -33.9 10.3 -20.7 4

 5 Asset: Nonfinancial corporate business 24.7 219.2 307.0 276.2 249.9 283.7 5

 6 Commercial banking 0.5 -1.7 32.8 18.6 -8.9 14.4 6

 7 Property-casualty insurance companies 10.8 3.1 17.6 6.8 15.7 2.1 7

 8 Life insurance companies 1.4 0.8 5.8 4.5 0.9 4.6 8

 9 Finance companies 4.5 8.0 26.4 22.8 5.7 13.6 9

10 Brokers and dealers -5.7 15.6 24.4 22.2 5.4 10.3 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 98.7 191.0 287.0 234.9 100.7 168.9 11

12 Nonfarm noncorporate business 0.1 0.2 0.2 0.1 0.3 -0.1 12

13 Commercial banking 9.4 13.8 -1.2 23.2 9.0 10.4 13

14 Property-casualty insurance companies -0.1 23.1 -6.4 7.4 -0.2 3.2 14

15 Life insurance companies 0.4 14.4 -0.6 13.1 6.9 8.6 15

16 Finance companies 6.3 5.2 -9.4 23.0 7.6 1.2 16

17 Brokers and dealers -2.6 -5.1 1.0 26.1 9.8 0.8 17

18 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 18

19 Asset: Rest of the world 112.6 243.2 271.2 328.3 134.7 193.6 19

20 Equity 70.7 115.0 152.8 261.6 94.8 95.6 20

21 Reinvested earnings 41.7 69.1 55.2 47.0 28.5 87.0 21

22 Intercompany accounts 0.2 59.0 63.2 19.8 11.5 11.0 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 1.3 2.0 1.7 1.4 1.7 3.4 23

24 Asset: Federal government 1.3 2.0 1.7 1.4 1.7 3.4 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 1.6 1.8 3.1 2.6 4.6 0.9 25

26 Asset: Commercial banking 1.6 1.8 3.1 2.6 4.6 0.9 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 1.9 0.2 9.1 -0.3 -3.9 -1.1 27

28 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Nonfarm noncorporate (Farm Credit System) -0.1 0.1 0.3 0.9 0.7 0.0 29

30 Farm business (Farm Credit System) 0.1 0.2 0.5 -0.5 -0.0 0.5 30

31 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Commercial banks (FHLB) 0.8 2.7 3.8 -1.0 -0.9 -0.7 32

33 Savings institutions (FHLB) 1.1 -2.9 3.3 -0.9 -3.0 -1.0 33

34 Credit unions (FHLB) 0.1 0.2 0.6 0.3 -0.4 0.0 34

35 Life insurance companies (FHLB) -0.1 0.0 0.6 1.0 -0.3 0.0 35

 BHC investment in subsidiaries:

36 Liab.: Commercial banking 40.0 114.1 130.7 46.6 106.9 16.6 36

37 Savings institutions 3.7 0.6 0.2 2.5 10.6 -1.0 37

38 Life insurance companies 9.7 2.7 5.3 -12.5 9.3 22.2 38

39 Finance companies -38.9 3.2 41.5 -7.3 -23.3 -10.4 39

40 Brokers and dealers 68.2 39.8 -110.0 59.4 -87.9 -25.7 40

41 Asset: Bank holding companies 82.7 160.4 67.8 88.7 15.5 1.7 41

 NFC investment in finance company subs.:

42 Liab.: Finance companies 64.4 22.9 -54.8 -1.1 -9.3 -3.5 42

43 Asset: Nonfinancial corporate business 64.4 22.9 -54.8 -1.1 -9.3 -3.5 43

 Funding corp. investment in subs.:

44 Liab.: Foreign banking offices in U.S. 21.0 8.6 43.7 35.6 -73.5 -31.5 44

45 Brokers and dealers 46.9 22.6 73.9 6.4 6.3 -15.2 45

46 Asset: Funding corporations 67.9 31.1 117.6 42.1 -67.2 -46.7 46

 Equity investment under Public-Private Inv. Program:

47 Liab.: Funding corporations 0.0 0.0 0.0 0.0 2.4 7.9 47

48 Asset: Households (2) 0.0 0.0 0.0 0.0 1.2 4.0 48

49 Federal government 0.0 0.0 0.0 0.0 1.2 4.0 49

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
48 FFA, 2005-2010, March 10, 2011

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world -2.2 -0.0 23.9 529.8 -543.3 -10.0 1

 2 Asset: Federal government -2.2 -0.0 -0.1 0.0 0.2 0.2 2

 3 Monetary authority (1) 0.0 0.0 24.0 529.7 -543.5 -10.2 3

 Postal Savings System deposits:

 4 Liab.: Federal government 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.8 -0.2 1.9 -5.4 0.4 3.1 6

 7 Asset: Savings institutions 0.8 -0.2 1.9 -5.4 0.4 3.1 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 1.0 0.5 1.0 3.2 -4.9 0.2 8

 9 Asset: Life insurance companies 1.0 0.5 1.0 3.2 -4.9 0.2 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 9.5 14.8 15.5 17.6 8.4 20.0 10

11 Accident and health 7.9 11.5 13.5 19.5 9.7 19.2 11

12 Policy dividend accumulation 1.0 0.8 0.2 -3.4 -1.1 -1.6 12

13 Contract claims 0.6 2.5 1.8 1.5 -0.1 2.3 13

14 Asset: Household sector 9.5 14.8 15.5 17.6 8.4 20.0 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 52.3 16.6 18.7 25.4 -5.0 3.8 15

16 Asset: Household sector 25.6 4.6 6.7 11.1 -5.1 1.3 16

17 Nonfinancial corporate business 20.7 6.6 7.4 9.9 -1.8 1.5 17

18 Nonfarm noncorporate business 4.9 1.6 1.7 2.1 0.2 0.4 18

19 Farm business 1.2 3.9 2.9 2.3 1.7 0.6 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies -1.4 -1.5 26.3 38.2 10.1 -5.6 20

21 Asset: Private pension funds -1.4 -1.5 26.3 38.2 10.1 -5.6 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business -1.9 -2.0 4.4 0.7 2.5 -1.2 22

23 Asset: Private pension funds -1.9 -2.0 4.4 0.7 2.5 -1.2 23

 Securities borrowed (net):

24 Liab.: Funding corporations 174.9 302.6 -2.1 -353.2 -30.2 -123.5 24

25 Asset: Brokers and dealers 174.9 302.6 -2.1 -353.2 -30.2 -123.5 25

 Nonmarketable government securities:

26 Liab.: Federal government 40.0 35.8 33.3 63.3 61.9 65.7 26

27 Asset: Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 27

 Retiree health care funds (2):

28 Liab.: Federal government 23.0 18.1 43.9 26.5 16.6 22.5 28

29 Asset: Household sector 23.0 18.1 43.9 26.5 16.6 22.5 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.
FFA, 2005-2010, March 10, 2011 49

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 600.3 772.3 1562.8 1086.4 60.4 973.6 1

 2 Nonfinancial corporate business 684.9 636.5 993.3 365.3 117.3 387.5 2

 3 Nonfarm noncorporate business 142.7 144.6 93.9 114.3 113.1 49.3 3

 4 Federal government 5.0 5.6 -0.6 -0.3 2.9 2.4 4

 5 Rest of the world -10.4 220.1 70.1 -269.0 73.4 201.9 5

 6 Monetary authority 1.1 1.4 -0.7 -0.5 1.5 28.3 6

 7 Commercial banking -37.8 -105.1 -7.9 252.2 -249.6 195.8 7

 8 U.S.-chartered commercial banks -74.5 -50.0 -95.2 -53.3 148.6 187.7 8

 9 Foreign banking offices in U.S. 24.2 -131.3 102.3 490.7 -353.4 29.0 9

10 Bank holding companies 12.8 80.6 -3.4 -180.7 -48.0 -15.8 10

11 Banks in U.S.-affiliated areas -0.3 -4.4 -11.6 -4.5 3.3 -5.0 11

12 Savings institutions 23.6 19.1 22.0 -32.6 -61.1 12.7 12

13 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.8 13

14 Life insurance companies 1.4 20.5 21.1 -9.6 -39.3 3.7 14

15 Government-sponsored enterprises -4.6 11.6 6.7 46.7 61.8 -3.9 15

16 Finance companies -3.7 -17.8 15.8 -4.2 -66.3 4.9 16

17 REITs 4.3 7.8 3.4 -3.7 -22.8 -2.1 17

18 Brokers and dealers -86.2 40.6 73.4 -192.2 97.9 50.0 18

19 Funding corporations -122.6 -209.9 277.9 818.9 16.8 51.9 19

20 Net change in assets 692.5 1423.5 1572.4 -982.1 -75.5 591.1 20

21 Nonfinancial corporate business 331.4 469.9 670.1 -650.6 -108.0 377.9 21

22 Nonfarm noncorporate business 251.2 377.2 326.4 103.7 -160.9 -93.2 22

23 State and local governments -8.9 -3.9 74.5 24.6 46.8 83.4 23

24 Federal government 0.6 1.0 0.4 -29.4 32.3 -9.8 24

25 Rest of the world 54.9 451.4 378.3 -609.9 23.8 267.0 25

26 Monetary authority -3.2 0.1 1.8 0.5 49.6 18.0 26

27 Commercial banking 8.6 -9.6 33.9 571.4 -34.6 -69.3 27

28 U.S.-chartered commercial banks 24.4 97.2 -18.4 114.6 48.6 -82.7 28

29 Foreign banking offices in U.S. -32.2 -143.9 14.7 364.4 -120.4 4.2 29

30 Bank holding companies 16.2 36.5 31.5 93.4 41.7 4.6 30

31 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.6 31

32 Savings institutions -60.6 -1.4 1.0 -19.2 -12.5 -7.3 32

33 Credit unions -0.5 0.6 10.4 8.1 6.8 8.5 33

34 Life insurance companies 21.1 40.0 32.1 28.6 -18.1 25.4 34

35 Private pension funds -7.1 4.8 -13.2 -27.6 9.0 -13.6 35

36 State and local govt. retirement funds -0.6 1.0 -0.6 -0.0 0.5 0.6 36

37 Money market mutual funds -10.0 15.9 31.8 -43.1 11.3 7.7 37

38 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -19.0 38

39 Government-sponsored enterprises 4.0 -3.2 27.0 -46.7 -28.2 21.1 39

40 Finance companies 47.7 -38.2 -24.7 -11.0 26.2 -33.2 40

41 REITs 11.6 7.8 -4.4 -0.7 6.0 18.0 41

42 Brokers and dealers 48.5 106.9 24.9 -284.1 79.7 9.0 42

43 Discrepancy -92.2 -651.2 -9.7 2068.5 135.9 382.5 43
50 FFA, 2005-2010, March 10, 2011

F.11 Sector Discrepancies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 All sectors 12.6 132.2 -136.2 964.1 443.5 227.4 1

 2 Household sector 65.3 274.2 -244.2 -241.3 261.4 -214.7 2

 3 Nonfarm nonfinancial corporate business 140.2 114.2 108.6 899.8 53.9 101.9 3

 4 Corporate farms -18.9 -28.9 -2.7 0.6 -2.5 -22.4 4

 5 State and local governments -73.3 -52.3 -19.1 -19.7 -31.2 -24.5 5

 6 Federal government 22.7 13.1 23.4 85.8 -26.9 -115.4 6

 7 Rest of the world 13.9 -6.9 78.3 81.1 164.3 150.7 7

 8 Financial sectors -137.2 -181.3 -80.4 157.8 24.5 351.9 8

 9 Monetary authority 3.1 0.7 -3.5 -0.5 -5.8 -0.5 9

10 Commercial banking -93.2 -196.3 -135.1 -47.1 175.0 241.6 10

11 Savings institutions -8.1 -6.0 24.1 54.0 24.2 15.4 11

12 Credit unions 2.2 1.1 2.1 3.7 6.2 5.6 12

13 Property-casualty insurance companies -14.9 31.1 -8.8 -2.4 -34.2 20.8 13

14 Life insurance companies -10.4 -29.3 -50.7 -58.6 -66.5 -10.3 14

15 Mutual funds 21.1 11.4 13.4 -2.9 11.5 9.6 15

16 Government-sponsored enterprises -14.8 -1.8 27.7 119.5 73.0 99.1 16

17 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Finance companies -20.7 29.9 25.1 35.8 5.7 49.5 18

19 REITs 7.9 1.4 35.3 -6.9 -17.5 17.6 19

20 Brokers and dealers -9.5 -23.6 -10.1 63.2 -147.2 -96.6 20

F.12 Instrument Discrepancies

Billions of dollars

 1 All types 12.6 132.2 -136.2 964.1 443.5 227.4 1

 2 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 2

 3 Foreign deposits 12.3 106.8 197.5 -354.4 -138.1 34.1 3

 4 Net interbank transactions -3.6 -1.9 1.8 30.6 34.4 -20.0 4

 5 Security RPs 106.3 304.5 -225.0 -587.1 404.9 -101.8 5

 6 Mail floats -4.9 -3.0 1.0 -5.2 -0.3 -1.1 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government -6.6 -3.0 1.2 -3.3 0.7 -0.0 8

 9 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 9

10 Trade credit -30.4 145.9 -46.4 8.0 208.3 134.0 10

11 Taxes payable -45.6 17.3 -34.6 -58.8 -8.4 -36.8 11

12 Miscellaneous -92.2 -651.2 -9.7 2068.5 135.9 382.5 12

13 Nonfinancial 70.0 214.7 -19.6 -136.4 -188.9 -162.3 13

 Nonfinancial components (sign reversed):

14 Statistical discrepancy (NIPA) -79.7 -220.6 21.1 136.6 179.1 157.1 14

15 Private wage accruals less disbursements 5.0 1.3 -6.3 -5.0 5.0 0.0 15

16 Contr. for govt. soc. insur., U.S. affiliated areas 4.7 4.6 4.7 4.9 4.8 5.2 16
FFA, 2005-2010, March 10, 2011 51

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total credit market debt owed by: 41276.4 45352.4 50042.9 52433.2 52260.8 52636.2 1

 2 Domestic nonfinancial sectors 26766.6 29178.5 31699.2 33601.3 34629.2 36295.5 2

 3 Household sector 11742.9 12929.5 13803.2 13801.2 13566.7 13357.9 3

 4 Nonfinancial corporate business 5490.2 5955.7 6705.1 6992.8 6998.1 7378.3 4

 5 Nonfarm noncorporate business 2786.9 3195.6 3650.3 3972.1 3678.1 3483.8 5

 6 Farm business 190.1 204.3 218.9 222.9 220.9 225.1 6

 7 State and local governments 1854.5 2008.2 2199.3 2250.8 2359.9 2464.7 7

 8 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 8

 9 Rest of the world 1513.9 1882.6 2126.3 1708.8 2013.6 2104.4 9

10 Financial sectors 12996.0 14291.3 16217.5 17123.1 15618.1 14236.3 10

11 Commercial banking 823.9 1001.5 1262.8 1425.3 1665.6 1854.6 11

12 U.S.-chartered commercial banks 393.6 497.8 629.6 708.6 576.1 805.2 12

13 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 13

14 Bank holding companies 429.5 503.3 632.7 716.6 1089.5 1049.4 14

15 Savings institutions 427.3 319.1 423.3 356.1 152.3 114.1 15

16 Credit unions 14.7 18.9 32.3 40.6 26.5 25.2 16

17 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.3 17

18 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6378.8 18

19 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 19

20 ABS issuers 3391.7 4199.4 4543.8 4134.6 3349.8 2456.0 20

21 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 964.4 21

22 REITs 395.5 411.0 421.2 372.6 338.9 351.0 22

23 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 23

24 Funding corporations 619.9 645.3 786.4 1252.8 816.8 750.9 24

25 Total credit market assets held by: 41276.4 45352.4 50042.9 52433.2 52260.8 52636.2 25

26 Domestic nonfinancial sectors 5386.6 5647.1 6223.3 6035.1 6452.6 6870.5 26

27 Household sector 3323.5 3461.1 4072.5 3966.2 4106.0 4354.7 27

28 Nonfinancial corporate business 340.4 328.8 249.7 217.5 208.3 227.2 28

29 Nonfarm noncorporate business 96.8 96.7 106.7 95.8 88.5 84.2 29

30 State and local governments 1352.0 1480.6 1507.8 1382.4 1351.6 1373.2 30

31 Federal government 273.8 279.9 286.5 373.1 698.3 831.3 31

32 Rest of the world 5191.3 6199.7 7272.6 7503.1 7784.7 8436.5 32

33 Financial sectors 30698.5 33505.6 36547.1 38895.0 38023.5 37329.2 33

34 Monetary authority 744.2 778.9 740.6 986.0 1987.7 2259.2 34

35 Commercial banking 7278.4 8040.9 8782.1 9425.5 9002.1 9174.7 35

36 U.S.-chartered commercial banks 6487.4 7144.1 7666.8 8197.9 8055.5 8254.4 36

37 Foreign banking offices in U.S. 657.8 761.6 963.3 1063.7 782.7 753.1 37

38 Bank holding companies 32.2 36.0 59.1 73.0 75.8 98.3 38

39 Banks in U.S.-affiliated areas 101.0 99.3 92.8 90.9 88.1 68.9 39

40 Savings institutions 1617.1 1533.2 1596.1 1320.0 1079.2 1087.1 40

41 Credit unions 592.6 622.7 657.9 697.9 731.0 738.4 41

42 Property-casualty insurance companies 819.3 864.1 869.3 853.4 886.7 881.9 42

43 Life insurance companies 2753.9 2786.4 2871.2 2882.8 3022.6 3130.2 43

44 Private pension funds 699.9 758.3 860.8 951.4 1063.0 1170.5 44

45 State and local govt. retirement funds 693.4 808.0 820.3 833.5 824.7 816.1 45

46 Federal government retirement funds 76.0 84.3 96.1 120.3 127.7 138.7 46

47 Money market mutual funds 1340.8 1560.8 1936.4 2675.0 2031.0 1621.0 47

48 Mutual funds 1747.1 1932.0 2203.1 2276.4 2657.2 3026.8 48

49 Closed-end funds 165.8 171.8 170.9 130.3 140.5 145.2 49

50 Exchange-traded funds 15.0 20.7 34.0 57.0 102.9 132.6 50

51 Government-sponsored enterprises 2543.9 2590.5 2829.5 3033.6 2699.7 6310.5 51

52 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 52

53 ABS issuers 3287.7 4087.5 4429.0 4036.4 3286.2 2402.2 53

54 Finance companies 1740.6 1811.6 1828.2 1755.9 1532.6 1491.9 54

55 REITs 239.7 265.8 244.7 180.8 168.3 172.7 55

56 Brokers and dealers 477.2 583.4 803.1 717.4 525.3 557.6 56

57 Funding corporations 317.4 363.5 309.2 999.9 778.7 905.7 57

(1) Excludes corporate equities and mutual fund shares.
52 FFA, 2005-2010, March 10, 2011

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Domestic 26766.6 29178.5 31699.2 33601.3 34629.2 36295.5 1

 2 By instrument 26766.6 29178.5 31699.2 33601.3 34629.2 36295.5 2

 3 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 3

 4 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 4

 5 Agency- and GSE-backed securities 23.8 23.5 23.1 23.3 23.5 24.2 5

 6 Municipal securities 2225.9 2403.3 2618.9 2680.3 2809.0 2925.2 6

 7 Corporate bonds 3031.1 3246.7 3557.9 3762.5 4139.7 4559.6 7

 8 Bank loans n.e.c. 1225.0 1400.7 1647.4 1839.9 1553.4 1584.5 8

 9 Other loans and advances 1247.1 1403.7 1714.7 1789.6 1635.3 1659.2 9

10 Mortgages 11925.0 13310.4 14358.9 14442.0 14149.0 13663.9 10

11 Home 9382.4 10455.6 11167.2 11069.1 10859.2 10546.5 11

12 Multifamily residential 642.0 682.4 764.1 812.3 821.7 813.2 12

13 Commercial 1795.8 2064.4 2314.9 2427.0 2333.7 2171.5 13

14 Farm 104.8 108.0 112.7 133.6 134.5 132.6 14

15 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 15

16 By sector 26766.6 29178.5 31699.2 33601.3 34629.2 36295.5 16

17 Household sector 11742.9 12929.5 13803.2 13801.2 13566.7 13357.9 17

18 Nonfinancial business 8467.3 9355.5 10574.3 11187.7 10897.1 11087.2 18

19 Corporate 5490.2 5955.7 6705.1 6992.8 6998.1 7378.3 19

20 Nonfarm noncorporate 2786.9 3195.6 3650.3 3972.1 3678.1 3483.8 20

21 Farm 190.1 204.3 218.9 222.9 220.9 225.1 21

22 State and local governments 1854.5 2008.2 2199.3 2250.8 2359.9 2464.7 22

23 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 23

 Foreign credit market debt

24 held in U.S. 1513.9 1882.6 2126.3 1708.8 2013.6 2104.4 24

25 Commercial paper 384.0 482.3 413.0 342.0 401.3 396.0 25

26 Bonds 1011.6 1275.5 1587.1 1237.3 1493.6 1571.3 26

27 Bank loans n.e.c. 84.4 98.3 102.8 107.9 96.8 115.2 27

28 Other loans and advances 34.0 26.6 23.4 21.6 21.9 21.9 28

29 Domestic and foreign 28280.4 31061.1 33825.5 35310.1 36642.8 38399.9 29

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 12996.0 14291.3 16217.5 17123.1 15618.1 14236.3 1

 2 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 578.6 2

 3 GSE issues 2592.2 2627.8 2910.2 3181.9 2706.6 6378.8 3

 4 Agency- and GSE-backed mortgage pool sec. 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 4

 5 Corporate bonds 4650.9 5459.5 6290.1 6016.7 5801.1 5309.4 5

 6 Bank loans n.e.c. 268.6 206.2 277.1 773.2 271.6 175.1 6

 7 Other loans and advances 620.2 641.4 867.1 900.5 617.9 459.2 7

 8 Mortgages 145.5 152.1 156.7 163.5 166.9 169.0 8

 9 By sector 12996.0 14291.3 16217.5 17123.1 15618.1 14236.3 9

10 Commercial banking 823.9 1001.5 1262.8 1425.3 1665.6 1854.6 10

11 U.S.-chartered commercial banks 393.6 497.8 629.6 708.6 576.1 805.2 11

12 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 12

13 Bank holding companies 429.5 503.3 632.7 716.6 1089.5 1049.4 13

14 Savings institutions 427.3 319.1 423.3 356.1 152.3 114.1 14

15 Credit unions 14.7 18.9 32.3 40.6 26.5 25.2 15

16 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.3 16

17 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6378.8 17

18 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 18

19 ABS issuers 3391.7 4199.4 4543.8 4134.6 3349.8 2456.0 19

20 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 964.4 20

21 REITs 395.5 411.0 421.2 372.6 338.9 351.0 21

22 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 22

23 Funding corporations 619.9 645.3 786.4 1252.8 816.8 750.9 23
FFA, 2005-2010, March 10, 2011 53

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total 41276.4 45352.4 50042.9 52433.2 52260.8 52636.2 1

 2 Open market paper 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 2

 3 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 3

 4 Agency- and GSE-backed securities 6164.5 6492.4 7397.7 8166.7 8106.5 7569.3 4

 5 Municipal securities 2225.9 2403.3 2618.9 2680.3 2809.0 2925.2 5

 6 Corporate and foreign bonds 8693.5 9981.7 11435.0 11016.5 11434.4 11440.4 6

 7 Bank loans n.e.c. 1577.9 1705.2 2027.3 2721.1 1921.8 1874.7 7

 8 Other loans and advances 1901.2 2071.6 2605.3 2711.7 2275.1 2140.2 8

 9 Mortgages 12070.4 13462.5 14515.6 14605.5 14315.9 13832.8 9

10 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 10

 Memo:

 Selected claims not included above:

11 Corporate equities 20636.1 24339.3 25576.0 15678.3 20002.9 23293.2 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7963.4 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 41276.4 45352.4 50042.9 52433.2 52260.8 52636.2 1

 2 U.S. official reserve assets 61.1 62.2 67.3 74.2 175.1 175.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 3

 4 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 4

 5 Foreign deposits 997.8 1085.0 1342.0 939.9 768.3 849.8 5

 6 Net interbank liabilities 197.4 186.1 88.6 1890.5 1282.6 1101.7 6

 7 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2360.1 7

 8 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.6 8

 9 Large time deposits 1789.5 2050.8 2382.2 2191.6 1989.8 1807.4 9

10 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 10

11 Security RPs 1748.5 2151.7 2159.8 1271.4 1457.1 1213.3 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7963.4 12

13 Security credit 1038.4 1249.9 1526.4 1128.5 1091.2 1214.7 13

14 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1328.9 14

15 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13024.7 15

16 Trade payables 3003.6 3195.9 3398.0 3223.9 3228.8 3445.9 16

17 Taxes payable 214.5 237.0 167.7 44.0 39.8 38.8 17

18 Miscellaneous 14270.6 15726.9 17556.4 19850.7 20163.1 20650.8 18

19 Total liabilities 91351.1 101075.4 110972.7 111708.1 114284.4 117222.6 19

 + Financial assets not included in

 liabilities:

20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 20

21 Corporate equities 20636.1 24339.3 25576.0 15678.3 20002.9 23293.2 21

22 Household equity in noncorp. bus. 8261.4 8712.9 8685.4 6996.1 6011.3 6250.7 22

 - Liabilities not identified as assets:

23 Treasury currency -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 23

24 Foreign deposits 779.5 886.3 1083.9 729.4 591.4 625.4 24

25 Net interbank transactions 21.3 19.3 21.1 51.7 86.1 62.0 25

26 Security RPs 683.3 856.9 622.8 27.7 407.0 274.3 26

27 Taxes payable -18.1 -48.1 -174.8 -345.3 -376.2 -410.1 27

28 Miscellaneous -5323.2 -6554.1 -7205.2 -4931.9 -5112.7 -5143.9 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Federal govt. 1.8 0.1 2.8 1.2 2.0 2.5 30

31 Private domestic 7.4 7.4 7.3 5.3 4.2 3.2 31

32 Trade credit 10.0 159.2 112.8 120.7 329.1 454.4 32

33 Totals identified to sectors as assets 124106.7 138821.7 150785.8 138746.7 144395.2 150927.3 33
54 FFA, 2005-2010, March 10, 2011

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 37560.6 42388.3 45481.8 37882.5 41539.2 44659.2 1

 2 Foreign deposits 59.9 65.2 80.6 56.5 46.2 51.1 2

 3 Checkable deposits and currency 591.0 621.9 605.9 811.4 844.9 786.4 3

 4 Time and savings deposits 5238.0 5744.8 6247.9 6440.9 6502.8 6736.2 4

 5 Money market fund shares 1018.2 1186.6 1422.0 1657.2 1382.6 1197.6 5

 6 Securities 14998.2 17223.8 18233.6 12984.8 15530.4 17505.5 6

 7 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 7

 8 U.S. savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 8

 9 Other Treasury securities 315.4 238.1 118.6 105.5 626.9 936.3 9

10 Agency- and GSE-backed securities 493.4 403.6 669.0 711.4 82.6 77.9 10

11 Municipal securities 825.4 877.8 901.3 908.3 1015.0 1100.2 11

12 Corporate and foreign bonds 1298.5 1552.7 2017.1 1956.2 2081.0 1918.6 12

13 Corporate equities (2) 8093.0 9643.7 9627.0 5777.5 7321.4 8513.6 13

14 Mutual fund shares 3669.1 4188.1 4596.8 3325.9 4177.6 4707.6 14

15 Private life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1280.5 15

16 Private insured pension reserves 2197.4 2332.4 2450.8 2184.6 2323.0 2472.7 16

17 Private noninsured pension reserves 5427.8 6120.5 6444.8 4588.0 5507.4 6116.1 17

18 Govt. insurance and pension reserves 3877.6 4341.8 4540.5 3682.2 4131.7 4484.4 18

19 Miscellaneous and other assets 3112.6 3631.8 4299.6 4343.5 4075.8 4028.7 19

20 Total liabilities 16407.9 18255.1 19766.1 20072.7 19660.0 19372.0 20

21 Mortgage debt on nonfarm homes 9351.3 10416.2 11125.0 11036.4 10838.9 10532.9 21

22 Other mortgage debt (3) 1803.1 2039.0 2338.0 2539.4 2481.7 2369.8 22

23 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 23

24 Policy loans 107.6 110.9 114.5 120.4 121.1 124.5 24

25 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 25

26 Other liabilities (3) 2593.0 2981.0 3307.9 3617.5 3536.5 3632.0 26

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

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

(3) Includes corporate farms.
FFA, 2005-2010, March 10, 2011 55

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 43213.6 47974.9 50559.7 41176.1 44123.5 47639.2 1

 2 Deposits 6139.9 6753.1 7407.1 8013.1 7894.9 7930.9 2

 3 Foreign deposits 59.9 65.2 80.6 56.5 46.2 51.1 3

 4 Checkable deposits and currency 216.9 173.1 90.3 292.0 363.4 326.7 4

 5 Time and savings deposits 4913.9 5400.4 5888.5 6082.8 6172.3 6421.7 5

 6 Money market fund shares 949.2 1114.5 1347.7 1581.8 1313.0 1131.4 6

 7 Credit market instruments 3323.5 3461.1 4072.5 3966.2 4106.0 4354.7 7

 8 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 8

 9 Treasury securities 464.3 384.1 255.6 247.7 770.3 1078.7 9

10 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 10

11 Other Treasury 259.2 181.7 59.2 53.7 579.1 890.8 11

12 Agency- and GSE-backed securities 493.4 403.6 669.0 711.4 82.6 77.9 12

13 Municipal securities 820.9 872.0 896.1 903.4 1010.5 1095.9 13

14 Corporate and foreign bonds 1298.5 1552.7 2017.1 1956.2 2081.0 1918.6 14

15 Other loans and advances (2) 8.7 9.1 17.6 29.7 24.5 27.9 15

16 Mortgages 139.4 122.1 109.8 111.8 102.5 92.3 16

17 Corporate equities (3) 8093.0 9643.7 9627.0 5777.5 7321.4 8513.6 17

18 Mutual fund shares 3669.1 4188.1 4596.8 3325.9 4177.6 4707.6 18

19 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 19

20 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1328.9 20

21 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13024.7 21

22 Equity in noncorporate business 8261.4 8712.9 8685.4 6996.1 6011.3 6250.7 22

23 Miscellaneous assets 608.7 646.1 712.2 766.4 787.1 833.8 23

24 Total liabilities 12184.0 13444.4 14367.2 14223.3 14033.0 13917.6 24

25 Credit market instruments 11742.9 12929.5 13803.2 13801.2 13566.7 13357.9 25

26 Home mortgages (4) 8874.3 9865.0 10539.9 10495.5 10339.8 10069.6 26

27 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 27

28 Municipal securities 205.2 224.1 241.2 249.3 264.1 268.2 28

29 Bank loans n.e.c. (5) 36.4 86.4 99.7 117.7 147.7 269.4 29

30 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.2 30

31 Commercial mortgages 187.4 214.3 240.1 211.5 202.5 180.0 31

32 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 32

33 Trade payables 186.3 199.9 214.5 230.2 241.2 259.3 33

 Deferred and unpaid

34 life insurance premiums 22.4 22.8 23.9 27.0 22.1 22.2 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.
56 FFA, 2005-2010, March 10, 2011

L.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 14482.8 15760.5 17330.2 16596.4 16697.7 17510.6 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 33.7 67.4 2

 3 Checkable deposits and currency 646.2 604.5 662.9 558.0 672.6 820.6 3

 4 Time and savings deposits 774.5 841.4 800.7 740.0 860.3 829.3 4

 5 Money market fund shares 417.1 488.5 618.7 777.9 700.3 603.5 5

 6 Security RPs 14.6 15.5 8.1 7.2 9.7 11.2 6

 7 Credit market instruments 437.2 425.6 356.4 313.4 296.7 311.3 7

 8 Commercial paper 111.0 122.7 69.5 57.3 42.6 59.2 8

 9 Treasury securities 108.3 101.8 97.7 82.3 92.8 98.9 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 11.7 14.4 10

11 Municipal securities 36.6 33.9 34.5 31.1 30.4 30.0 11

12 Mortgages 104.4 94.5 83.5 72.8 62.0 52.6 12

13 Consumer credit 59.6 57.6 58.6 59.8 57.2 56.2 13

14 Mutual fund shares 140.0 180.7 191.1 125.8 189.7 248.8 14

15 Trade receivables 2539.2 2560.8 2778.7 2603.7 2445.5 2515.5 15

16 Miscellaneous assets 9450.5 10594.1 11863.5 11445.6 11489.2 12103.0 16

17 Total liabilities 15406.0 16632.3 18315.1 19074.9 18874.8 19371.8 17

18 Credit market instruments 8467.3 9355.5 10574.3 11187.7 10897.1 11087.2 18

19 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 19

20 Municipal securities 176.8 182.2 190.3 192.9 198.4 206.7 20

21 Corporate bonds 3031.1 3246.7 3557.9 3762.5 4139.7 4559.6 21

22 Bank loans n.e.c. 1188.5 1314.3 1547.7 1722.2 1405.7 1315.2 22

23 Other loans and advances 1117.4 1268.7 1575.8 1643.7 1488.1 1508.6 23

24 Mortgages 2863.3 3231.1 3578.8 3735.0 3606.7 3414.3 24

25 Trade payables 2035.1 2161.7 2272.8 2055.6 1969.7 2124.1 25

26 Taxes payable 172.9 181.1 135.3 145.1 134.9 138.1 26

27 Miscellaneous liabilities 4730.7 4933.9 5332.6 5686.5 5873.1 6022.3 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 2005-2010, March 10, 2011 57

L.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 11873.5 12629.7 13718.3 12885.8 13263.8 14237.0 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 33.7 67.4 2

 3 Checkable deposits and currency 267.8 150.9 141.9 32.7 184.7 354.3 3

 4 Time and savings deposits 450.4 497.0 441.3 381.9 529.7 514.7 4

 5 Money market fund shares 348.2 416.3 544.4 702.6 630.8 537.3 5

 6 Security RPs 14.6 15.5 8.1 7.2 9.7 11.2 6

 7 Credit market instruments 340.4 328.8 249.7 217.5 208.3 227.2 7

 8 Commercial paper 111.0 122.7 69.5 57.3 42.6 59.2 8

 9 Treasury securities 52.1 45.5 38.3 30.5 45.0 53.3 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 11.7 14.4 10

11 Municipal securities 32.1 28.1 29.2 26.2 25.9 25.7 11

12 Mortgages 68.3 59.8 41.4 33.6 25.9 18.2 12

13 Consumer credit 59.6 57.6 58.6 59.8 57.2 56.2 13

14 Mutual fund shares 140.0 180.7 191.1 125.8 189.7 248.8 14

15 Trade receivables 2108.2 2090.0 2253.0 2081.1 1963.0 2056.4 15

16 Miscellaneous assets 8140.4 8901.1 9838.7 9312.3 9514.2 10219.7 16

17 U.S. direct investment abroad (1) 2205.7 2440.7 2892.7 3006.3 3261.6 3545.3 17

18 Insurance receivables 276.2 282.7 290.1 300.0 298.2 299.7 18

19 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Investment in finance company subs. 117.0 140.1 81.5 80.5 71.2 67.6 20

21 Other 5541.5 6037.6 6574.3 5925.6 5883.3 6307.1 21

22 Total liabilities 11145.3 11781.9 12872.6 13173.3 13192.4 13863.0 22

23 Credit market instruments 5490.2 5955.7 6705.1 6992.8 6998.1 7378.3 23

24 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 24

25 Municipal securities (2) 176.8 182.2 190.3 192.9 198.4 206.7 25

26 Corporate bonds (1) 3031.1 3246.7 3557.9 3762.5 4139.7 4559.6 26

27 Bank loans n.e.c. 508.7 518.3 609.9 663.6 542.6 529.1 27

28 Other loans and advances (3) 932.5 1061.7 1350.2 1405.0 1260.9 1268.8 28

29 Mortgages 751.0 834.2 873.0 837.3 798.1 731.2 29

30 Trade payables 1699.4 1813.0 1898.9 1669.0 1611.9 1794.8 30

31 Taxes payable 86.2 85.4 35.8 39.0 36.4 44.1 31

32 Miscellaneous liabilities 3869.5 3927.8 4232.7 4472.6 4545.9 4645.9 32

33 Foreign direct investment in U.S. 1549.4 1722.7 2014.5 2176.5 2253.5 2422.4 33

34 Pension fund contributions payable 44.8 42.8 47.2 47.9 50.5 49.2 34

35 Other 2275.3 2162.3 2171.0 2248.2 2242.0 2174.2 35

 Memo:

36 Trade receivables net of payables 408.9 277.0 354.1 412.1 351.1 261.6 36

37 Market value of equities 12686.6 14602.3 15725.8 10037.0 12365.3 14490.4 37

38 Securities and mortgages 3958.9 4263.1 4621.2 4792.7 5136.3 5497.5 38

39 Loans and short-term paper 1531.3 1692.6 2083.9 2200.1 1861.9 1880.8 39

40 Total short-term liabilities (4) 3316.9 3591.0 4018.6 3908.0 3510.2 3719.7 40

41 Total liquid assets (5) 1497.0 1521.2 1526.7 1398.9 1703.4 1886.5 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.1 71.6 68.9 68.5 73.4 74.5 42

43 Short-term debt/credit market debt 27.9 28.4 31.1 31.5 26.6 25.5 43

44 Liquid assets/short-term liabilities 45.1 42.4 38.0 35.8 48.5 50.7 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.
58 FFA, 2005-2010, March 10, 2011

L.103 Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2541.8 3057.2 3533.1 3629.0 3349.8 3187.9 1

 2 Checkable deposits and currency 355.5 428.6 494.3 497.6 459.3 437.1 2

 3 Time and savings deposits 324.1 344.4 359.3 358.1 330.5 314.6 3

 4 Money market fund shares 69.0 72.2 74.3 75.4 69.6 66.2 4

 5 Treasury securities 56.2 56.3 59.3 51.8 47.8 45.5 5

 6 Municipal securities 4.4 5.8 5.3 4.9 4.5 4.3 6

 7 Mortgages 36.2 34.6 42.1 39.1 36.1 34.4 7

 8 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Trade receivables 430.9 470.9 525.6 522.7 482.5 459.1 9

10 Miscellaneous assets 1265.5 1644.4 1972.8 2079.4 1919.4 1826.7 10

11 Insurance receivables 65.3 66.9 68.6 70.7 71.0 71.3 11

12 Equity investment in GSEs (1) 1.8 1.9 2.2 4.1 4.8 4.8 12

13 Other 1198.4 1575.6 1902.0 2004.7 1843.7 1750.5 13

14 Total liabilities 4064.3 4646.8 5228.4 5658.9 5437.0 5268.1 14

15 Credit market instruments 2786.9 3195.6 3650.3 3972.1 3678.1 3483.8 15

16 Bank loans n.e.c. 629.9 742.8 882.3 1000.0 804.6 727.8 16

17 Other loans and advances 149.5 163.9 174.9 208.1 199.5 205.6 17

18 Mortgages 2007.5 2288.9 2593.1 2764.0 2674.0 2550.4 18

19 Trade payables 329.4 349.4 378.7 366.8 333.3 313.8 19

20 Taxes payable 86.7 95.7 99.5 106.2 98.5 94.0 20

21 Miscellaneous liabilities 861.2 1006.1 1099.9 1213.9 1327.2 1376.4 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

Billions of dollars

 1 Total financial assets 67.5 73.7 78.8 81.6 84.1 85.7 1

 2 Checkable deposits and currency 22.9 25.0 26.8 27.7 28.6 29.2 2

 3 Miscellaneous assets 44.5 48.6 52.0 53.8 55.5 56.6 3

 4 Insurance receivables 41.7 45.6 48.5 51.8 53.5 54.1 4

 5 Equity investment in GSEs (2) 2.8 3.0 3.6 2.0 2.0 2.5 5

 6 Total liabilities 196.4 203.6 214.1 242.7 245.4 240.6 6

 7 Credit market instruments 190.1 204.3 218.9 222.9 220.9 225.1 7

 8 Bank loans n.e.c. 49.9 53.2 55.5 58.7 58.5 58.3 8

 9 Other loans and advances 35.4 43.0 50.7 30.6 27.8 34.2 9

10 Mortgages (3) 104.8 108.0 112.7 133.6 134.5 132.6 10

11 Trade payables 6.3 -0.7 -4.8 19.8 24.5 15.5 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
FFA, 2005-2010, March 10, 2011 59

L.105 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2246.9 2460.7 2590.6 2508.6 2598.5 2738.8 1

 2 Checkable deposits and currency 56.5 61.9 57.1 65.6 84.9 91.6 2

 3 Time and savings deposits 183.3 209.6 245.9 265.1 275.9 275.5 3

 4 Money market fund shares 71.7 78.5 81.9 80.5 85.0 90.9 4

 5 Security RPs 141.2 154.6 161.2 158.6 167.3 174.0 5

 6 Credit market instruments 1352.0 1480.6 1507.8 1382.4 1351.6 1373.2 6

 7 Open market paper 184.8 202.4 191.1 127.6 74.1 49.4 7

 8 Treasury securities 481.4 526.9 534.1 485.5 505.6 519.8 8

 9 Agency- and GSE-backed securities 401.6 439.9 458.7 451.1 436.1 449.4 9

10 Municipal securities 5.0 5.5 5.7 5.6 5.9 6.4 10

11 Corporate and foreign bonds 127.2 139.4 145.3 142.9 150.9 163.9 11

12 Mortgages 151.9 166.4 172.8 169.7 179.0 184.5 12

13 Corporate equities 96.8 106.0 111.6 86.2 122.3 115.3 13

14 Mutual fund shares 29.6 32.5 33.8 33.3 35.1 37.6 14

15 Trade receivables 144.7 158.5 165.3 162.5 171.5 183.5 15

16 Taxes receivable 141.0 189.0 237.5 269.8 280.9 298.0 16

17 Miscellaneous assets 30.0 -10.5 -11.6 4.5 24.0 99.2 17

18 Total liabilities 2336.5 2524.6 2752.7 2843.8 2991.4 3135.2 18

19 Credit market instruments 1854.5 2008.2 2199.3 2250.8 2359.9 2464.7 19

20 Municipal securities 1843.9 1997.0 2187.4 2238.1 2346.4 2450.3 20

21 Short-term 105.9 102.8 120.1 132.6 135.6 150.0 21

22 Other 1738.0 1894.2 2067.3 2105.5 2210.9 2300.3 22

23 U.S. government loans 10.6 11.2 11.9 12.7 13.5 14.4 23

24 Trade payables 482.0 516.4 553.5 593.0 631.4 670.5 24

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

L.106 Federal Government

Billions of dollars

 1 Total financial assets 643.7 641.3 686.6 1268.2 1380.4 1650.4 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 2

 3 Checkable deposits and currency 36.8 32.9 56.5 368.0 193.6 342.1 3

 4 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 4

 5 Credit market instruments 273.8 279.9 286.5 373.1 698.3 831.3 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 225.5 225.5 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.9 7

 8 Other loans and advances 107.4 108.0 105.8 111.8 177.9 181.2 8

 9 Mortgages 76.6 80.3 82.4 95.8 108.4 106.6 9

10 Consumer credit (1) 89.8 91.7 98.4 111.0 186.0 317.1 10

11 Corporate equities (2) 0.0 0.0 0.0 188.7 67.4 43.3 11

12 Trade receivables 71.0 59.4 60.6 64.7 43.6 43.1 12

13 Taxes receivable 91.6 96.1 105.0 119.4 135.1 150.8 13

14 Miscellaneous assets 133.7 136.8 138.7 110.8 145.8 142.5 14

15 Total liabilities 5947.6 6193.2 6537.4 7888.3 9456.6 11148.2 15

16 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 16

17 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 17

18 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 18

19 Credit market instruments 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 19

20 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 20

21 Other Treasury securities 4472.9 4659.4 4902.8 6144.2 7590.7 9173.6 21

22 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 22

23 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Trade payables 202.7 208.9 238.2 260.7 255.3 279.2 24

25 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 25

26 Miscellaneous liabilities (3) 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 26

27 Nonmarketable securities held by pension plans 882.9 918.7 952.0 1015.3 1077.2 1142.9 27

28 Other 80.7 98.6 142.2 168.2 184.4 206.5 28

(1) Student loans.

(2) Corporate equities purchased from financial businesses under the Troubled Asset 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.
60 FFA, 2005-2010, March 10, 2011

L.107 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 11530.0 13979.6 15935.3 15008.3 15816.5 16952.2 1

 2 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 2

 3 Net interbank assets 106.0 96.7 -56.9 362.9 70.1 20.0 3

 4 U.S. checkable deposits and currency 300.1 311.6 306.1 370.1 360.7 389.8 4

 5 U.S. time deposits 155.9 167.4 207.6 273.1 229.5 232.8 5

 6 Money market fund shares 23.0 27.0 46.0 69.7 73.0 60.8 6

 7 Security RPs (net) 231.2 364.6 338.4 114.9 31.1 -98.3 7

 8 Credit market instruments 5191.3 6199.7 7272.6 7503.1 7784.7 8436.5 8

 9 Open market paper 239.6 286.3 278.1 232.9 191.5 192.4 9

10 Treasury securities 1984.4 2126.2 2376.4 3251.4 3697.2 4394.1 10

11 Official 1340.6 1558.3 1736.7 2400.5 2871.1 3257.6 11

12 Private 643.8 567.9 639.8 850.9 826.2 1136.5 12

13 Agency- and GSE-backed securities 1012.9 1263.6 1582.4 1406.9 1188.6 1185.9 13

14 Official 487.2 695.2 954.3 940.5 761.4 681.4 14

15 Private 525.7 568.4 628.0 466.4 427.2 504.5 15

16 Municipal securities 29.0 34.4 45.1 50.5 57.0 73.0 16

17 U.S. corporate bonds (1) 1762.9 2320.5 2719.1 2354.0 2467.9 2429.9 17

18 Loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.4 161.4 18

19 U.S. corporate equities 2039.1 2448.1 2812.2 1806.7 2435.6 3091.1 19

20 Mutual fund shares 242.0 316.8 373.5 256.2 321.7 368.0 20

21 Trade receivables 56.9 62.8 83.6 89.9 95.0 113.9 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 3177.5 3977.7 4544.5 4154.1 4359.8 4283.3 23

24 Foreign direct investment in U.S. (2) 1906.0 2154.1 2410.5 2521.4 2672.8 2866.4 24

25 Other 1271.5 1823.7 2134.0 1632.8 1687.0 1416.9 25

26 Total liabilities 6088.3 7234.2 8482.4 8379.3 8689.2 8999.0 26

27 U.S. official reserve assets (3) 54.1 54.9 59.5 66.6 119.7 121.4 27

28 U.S. private deposits 997.8 1085.0 1342.0 939.9 768.3 849.8 28

29 Credit market instruments 1513.9 1882.6 2126.3 1708.8 2013.6 2104.4 29

30 Commercial paper 384.0 482.3 413.0 342.0 401.3 396.0 30

31 Bonds 1011.6 1275.5 1587.1 1237.3 1493.6 1571.3 31

32 Bank loans n.e.c. 84.4 98.3 102.8 107.9 96.8 115.2 32

33 Official 2.6 1.9 1.9 2.6 3.2 4.3 33

34 Banks 18.1 21.9 30.2 33.0 27.9 39.7 34

35 Other 63.7 74.4 70.8 72.4 65.8 71.2 35

36 U.S. government loans 33.7 26.4 23.1 21.6 21.9 21.9 36

37 Acceptance liabilities to banks 0.2 0.2 0.3 0.0 0.0 0.0 37

38 Trade payables 54.5 60.7 73.1 63.2 61.2 94.7 38

39 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Miscellaneous liabilities 3468.1 4151.0 4881.5 5600.8 5726.4 5828.8 40

41 U.S. equity in IBRD, etc. 43.2 45.3 46.9 48.3 50.0 53.3 41

42 Nonofficial foreign currencies 0.6 0.6 24.5 554.2 10.9 0.9 42

43 U.S. direct investment abroad (1,2) 2651.7 2948.2 3552.9 3742.8 4051.2 4379.8 43

44 Other 772.6 1157.1 1257.3 1255.4 1614.3 1394.8 44

 Memo:

45 Market value of foreign equities 3317.7 4329.0 5248.0 2748.4 3977.4 4403.4 45

 held by U.S. residents (4)

(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) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
FFA, 2005-2010, March 10, 2011 61

L.108 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 878.7 908.2 951.3 2270.6 2267.2 2453.2 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.6 4

 5 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 5

 6 Federal Reserve loans to domestic banks 0.1 0.1 48.6 559.7 96.6 0.2 6

 7 Discount window (2) 0.1 0.1 48.6 544.0 96.6 0.2 7

 8 AMLF (3) 0.0 0.0 0.0 15.7 0.0 0.0 8

 9 Security RPs 46.8 40.8 46.5 80.0 0.0 0.0 9

10 Credit market instruments 744.2 778.9 740.6 986.0 1987.7 2259.2 10

11 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 744.2 778.9 740.6 475.9 776.6 1021.5 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1068.3 1139.6 13

14 Bank loans n.e.c. 0.0 0.0 0.0 490.4 142.8 98.1 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 47.5 24.7 15

16 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Brokers and dealers (5) 0.0 0.0 0.0 45.5 0.0 0.0 17

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 29.1 29.2 25.8 18

19 Funding corporations (AIG) 0.0 0.0 0.0 38.9 22.2 20.0 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 19.5 16.0 13.5 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 24.4 18.5 14.1 21

22 Funding corporations (CPFF) (9) 0.0 0.0 0.0 333.0 9.4 0.0 22

23 Corporate equities (10) 0.0 0.0 0.0 0.0 25.1 26.4 23

24 Miscellaneous assets 18.1 17.0 40.5 569.8 75.9 83.1 24

25 Nonofficial foreign currencies (11) 0.0 0.0 24.0 553.7 10.3 0.1 25

26 Other 18.1 17.0 16.5 16.1 65.6 83.0 26

27 Total liabilities 865.7 892.9 932.8 2249.6 2241.6 2426.7 27

28 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 968.1 28

29 Vault cash of commercial banks 50.1 51.7 55.0 57.7 54.9 52.8 29

30 Checkable deposits and currency 750.8 774.3 792.1 1220.3 1102.7 1287.7 30

31 Due to federal government 4.8 5.0 16.4 365.7 191.9 340.9 31

32 Treasury cash holdings 0.2 0.3 0.3 0.3 0.2 0.2 32

33 Treasury general deposit account 4.6 4.7 16.1 106.1 186.6 140.8 33

34 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 5.0 200.0 34

35 Due to rest of the world 0.1 0.1 0.1 1.4 2.4 3.4 35

36 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 36

37 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 37

38 Security RPs 30.5 29.6 44.0 88.4 77.7 59.7 38

39 Miscellaneous liabilities 15.3 18.5 21.0 23.1 29.2 58.4 39

40 Federal Reserve Bank stock 13.5 15.3 18.5 21.1 25.6 26.5 40

41 Other 1.8 3.2 2.5 2.1 3.6 31.9 41

(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 arrangements associated 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) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(11) Reciprocal currency arrangements (swap lines) with foreign central banks.
62 FFA, 2005-2010, March 10, 2011

L.109 Commercial Banking (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 9843.7 10886.1 11879.0 14056.3 14288.2 14402.3 1

 2 Vault cash 50.1 51.7 55.0 57.7 54.9 52.8 2

 3 Reserves at Federal Reserve 16.3 16.7 18.2 816.3 908.7 886.4 3

 4 Checkable deposits and currency 3.0 2.9 2.6 3.2 4.2 3.3 4

 5 Total bank credit 7546.6 8402.4 9187.1 9672.8 9298.1 9499.1 5

 6 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 6

 7 Treasury securities 97.0 94.9 112.3 93.2 185.4 298.5 7

 8 Agency- and GSE-backed securities 1089.6 1135.6 1022.3 1169.4 1276.9 1354.0 8

 9 Municipal securities 157.7 180.2 192.9 216.7 218.6 246.1 9

10 Corporate and foreign bonds 687.0 780.3 978.2 979.9 868.3 749.6 10

11 Bank loans n.e.c. 1577.9 1705.2 2027.3 2230.6 1778.9 1776.7 11

12 Mortgages 2958.0 3403.1 3644.4 3841.4 3818.7 3651.2 12

13 Consumer credit 707.0 741.2 804.1 878.6 855.3 1098.7 13

14 Security credit 230.7 302.2 334.5 221.0 219.6 242.3 14

15 Corporate equities 24.1 35.3 41.5 6.7 30.3 37.1 15

16 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 45.0 16

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

18 Miscellaneous assets 2223.7 2411.9 2615.6 3506.3 4022.2 3960.7 18

19 Total liabilities 8685.2 9533.1 10473.0 12534.3 12651.2 12828.5 19

20 Net interbank liabilities 128.3 115.7 12.8 972.8 250.7 80.8 20

21 To monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 21

22 To domestic banks (3) 21.3 19.3 21.1 51.7 86.1 62.0 22

23 To foreign banks 106.0 96.7 -56.9 362.9 70.1 20.0 23

24 Checkable deposits 610.3 574.4 587.7 729.1 814.0 890.8 24

25 Federal government 33.9 28.0 42.9 3.5 3.8 3.6 25

26 Rest of the world 19.7 28.8 34.1 67.6 44.6 44.4 26

27 Private domestic 556.8 517.6 510.7 658.0 765.7 842.8 27

28 Small time and savings deposits 3527.1 3814.7 4077.7 4619.1 5003.5 5280.6 28

29 Large time deposits 1363.7 1627.7 1925.3 1827.7 1824.8 1619.8 29

30 Federal funds and security RPs (net) 817.7 888.2 838.5 482.8 746.6 583.2 30

31 Credit market instruments 823.9 1001.5 1262.8 1425.3 1665.6 1854.6 31

32 Open market paper 61.2 82.2 117.2 77.7 60.8 177.6 32

33 Corporate bonds 494.1 570.8 690.3 821.3 1202.8 1399.0 33

34 Other loans and advances 268.5 348.5 455.2 526.3 402.0 277.9 34

35 Taxes payable (net) 25.8 24.7 11.1 -74.6 -67.5 -60.8 35

36 Miscellaneous liabilities 1388.5 1486.2 1757.2 2552.1 2413.6 2579.6 36

 Memo:

37 Credit market funds advanced (4) 7278.4 8040.9 8782.1 9425.5 9002.1 9174.7 37

38 Consumer leases not included above (5) 0.0 0.0 11.2 9.5 6.9 6.2 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.
FFA, 2005-2010, March 10, 2011 63

L.110 U.S.-Chartered Commercial Banks

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 7392.5 8189.5 8840.8 10247.7 10044.6 10075.7 1

 2 Vault cash and reserves at Federal Reserve 65.5 67.8 72.2 635.1 679.5 588.5 2

 3 Total bank credit 6621.3 7320.5 7883.7 8382.9 8290.0 8488.7 3

 4 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 4

 5 Treasury securities 64.2 61.9 73.0 53.4 117.7 211.6 5

 6 Agency- and GSE-backed securities 992.7 1040.3 928.9 1068.7 1200.0 1292.8 6

 7 Mortgage pass-through securities 579.0 647.8 592.8 744.9 733.6 721.8 7

 8 CMOs and other structured MBS 152.3 147.2 142.8 157.1 215.3 332.8 8

 9 Other 261.5 245.3 193.3 166.7 251.1 238.2 9

10 Municipal securities 157.2 178.9 190.9 214.1 215.1 243.5 10

11 Corporate and foreign bonds 411.6 470.7 572.4 542.0 590.4 476.8 11

12 Private mortgage pass-through securities 23.9 32.7 48.2 23.8 25.9 15.8 12

13 Private CMOs and other structured MBS 146.2 158.8 223.7 222.2 194.9 131.1 13

14 Other 241.5 279.1 300.5 296.0 369.6 329.9 14

15 Bank loans n.e.c. 1249.3 1312.2 1532.9 1670.8 1338.4 1350.9 15

16 Mortgages 2902.1 3338.9 3564.6 3754.7 3738.6 3580.1 16

17 Consumer credit 707.0 741.2 804.1 878.6 855.3 1098.7 17

18 Security credit 95.6 116.5 145.9 158.6 158.0 152.2 18

19 Corporate equities 24.1 35.3 41.5 6.7 30.3 37.0 19

20 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 45.0 20

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

22 Miscellaneous assets 702.5 801.2 884.8 1229.7 1075.1 998.5 22

23 Total liabilities 7119.5 7822.1 8434.3 9818.3 9787.5 9954.7 23

24 Net interbank liabilities 288.5 363.0 502.0 1291.0 673.1 429.7 24

25 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 25

26 Borrowing from Federal Reserve banks 0.1 0.1 48.6 559.7 96.6 0.2 26

27 To domestic banks -22.3 -57.1 -24.9 88.5 27.4 -39.7 27

28 To foreign banks 309.9 420.3 478.3 644.4 551.2 470.6 28

29 Checkable deposits 587.7 551.2 560.2 700.9 781.9 852.4 29

30 Federal government 33.9 28.0 42.9 3.5 3.8 3.6 30

31 Rest of the world 17.4 26.8 31.7 62.9 34.1 29.8 31

32 Private domestic 536.5 496.4 485.5 634.6 744.0 819.0 32

33 Small time and savings deposits 3493.1 3770.9 4025.9 4566.2 4949.1 5225.6 33

34 Large time deposits 838.1 968.0 991.1 1015.6 841.7 691.4 34

35 Federal funds and security RPs (net) 626.1 647.5 611.4 352.4 624.0 409.5 35

36 Open market paper 3.3 0.0 0.0 0.0 0.0 112.9 36

37 Corporate bonds 121.7 149.2 174.4 182.4 174.1 414.4 37

38 Other loans and advances 268.5 348.5 455.2 526.3 402.0 277.9 38

39 Taxes payable (net) 25.8 24.7 11.1 -74.6 -67.5 -60.8 39

40 Miscellaneous liabilities 866.6 999.2 1103.1 1258.1 1409.2 1601.7 40

41 Investment by bank holding companies 897.0 1067.0 1197.8 1244.4 1413.5 1430.1 41

42 Other -30.4 -67.8 -94.7 13.6 -4.4 171.5 42

 Memo:

43 Credit market funds advanced (2) 6487.4 7144.1 7666.8 8197.9 8055.5 8254.4 43

44 Consumer leases not included above (3) 0.0 0.0 11.2 9.5 6.9 6.2 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.
64 FFA, 2005-2010, March 10, 2011

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 818.1 828.2 1048.0 1624.8 1267.8 1337.7 1

 2 Reserves at Federal Reserve 0.9 0.6 1.0 239.0 284.1 350.8 2

 3 Total bank credit 792.1 946.8 1151.4 1126.0 844.2 843.2 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 27.8 26.8 30.4 35.5 61.4 66.2 5

 6 Agency- and GSE-backed securities 50.9 55.1 57.1 50.5 32.1 27.3 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 262.8 292.5 369.5 401.6 244.9 233.9 8

 9 Bank loans n.e.c. 294.7 361.8 466.8 531.9 406.5 390.5 9

10 Mortgages 20.8 24.9 39.0 44.2 37.8 35.3 10

11 Security credit 135.1 185.6 188.6 62.3 61.6 90.1 11

12 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 12

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

14 Miscellaneous assets 24.3 -119.6 -104.9 259.8 139.5 143.7 14

15 Total liabilities 834.8 844.6 1067.5 1639.6 1284.0 1355.1 15

16 Net interbank liabilities -141.7 -213.0 -404.1 -163.7 -322.4 -274.0 16

17 To foreign banks -176.7 -255.3 -424.6 -179.9 -356.1 -315.0 17

18 To domestic banks 35.0 42.2 20.5 16.2 33.7 41.0 18

19 Checkable deposits 9.3 9.3 11.8 13.5 16.1 21.9 19

20 Small time and savings deposits 10.0 18.6 25.5 25.6 29.9 35.7 20

21 Large time deposits 501.7 634.5 907.9 784.7 958.6 909.0 21

22 Federal funds and security RPs (net) 190.9 239.9 226.3 130.0 170.3 223.2 22

23 Acceptance liabilities 0.8 0.5 0.5 0.0 0.0 0.0 23

24 Miscellaneous liabilities 263.8 154.8 299.6 849.4 431.5 439.3 24

25 Foreign direct investment in U.S. 130.2 135.4 107.2 92.6 111.9 122.3 25

26 Due to affiliates 188.8 197.3 241.0 276.6 203.1 171.6 26

27 Other -55.1 -177.9 -48.7 480.2 116.5 145.4 27

 Memo:

28 Credit market funds advanced (3) 657.8 761.6 963.3 1063.7 782.7 753.1 28

(1) Branches and agencies of foreign banks, Edge Act and Agreement corporations, New York investment companies (through 1996:Q2), and American Express Bank (through 2008:Q4).

(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).
FFA, 2005-2010, March 10, 2011 65

L.112 Bank Holding Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 1523.8 1760.4 1882.8 2078.7 2876.9 2905.7 1

 2 Credit market instruments 32.2 36.0 59.1 73.0 75.8 98.3 2

 3 Treasury securities 1.1 2.5 7.1 3.1 5.8 19.6 3

 4 Agency- and GSE-backed securities 11.2 11.2 9.9 25.8 24.3 21.1 4

 5 Corporate and foreign bonds 11.8 16.7 35.9 35.8 31.1 38.3 5

 6 Bank loans n.e.c. 8.1 5.6 6.3 8.2 14.6 19.3 6

 7 Miscellaneous assets 1491.6 1724.4 1823.6 2005.7 2801.1 2807.4 7

 8 Investment in bank subsidiaries 897.0 1067.0 1197.8 1244.4 1413.5 1430.1 8

 9 Investment in nonbank subsidiaries 384.0 407.4 344.4 386.4 909.0 894.1 9

10 Other 210.6 250.0 281.4 374.8 478.5 483.1 10

11 Total liabilities 627.6 764.2 876.7 985.4 1489.8 1443.6 11

12 Net interbank liabilities -18.5 -34.2 -85.1 -154.6 -100.0 -74.9 12

13 To domestic banks 8.6 34.2 25.5 -53.0 25.0 60.7 13

14 To foreign banks -27.1 -68.4 -110.6 -101.5 -125.1 -135.6 14

15 Federal funds and security RPs (net) 0.6 0.8 0.8 0.4 -47.7 -49.5 15

16 Credit market instruments 429.5 503.3 632.7 716.6 1089.5 1049.4 16

17 Commercial paper 57.1 81.7 116.7 77.7 60.8 64.8 17

18 Corporate bonds 372.4 421.5 516.0 638.9 1028.7 984.6 18

19 Miscellaneous liabilities 216.0 294.4 328.3 422.9 548.0 518.7 19

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

Billions of dollars

 1 Total financial assets 109.3 108.1 107.5 105.2 98.8 83.3 1

 2 Checkable deposits and currency 3.0 2.9 2.6 3.2 4.2 3.3 2

 3 Credit market instruments 101.0 99.3 92.8 90.9 88.1 68.9 3

 4 Treasury securities 3.9 3.7 1.8 1.2 0.5 1.1 4

 5 Agency- and GSE-backed securities 34.8 29.0 26.3 24.4 20.5 12.8 5

 6 Municipal securities 0.5 1.3 2.0 2.5 3.5 2.5 6

 7 Corporate and foreign bonds 0.8 0.4 0.5 0.5 2.0 0.6 7

 8 Bank loans n.e.c. 25.9 25.6 21.4 19.7 19.4 16.1 8

 9 Home mortgages 16.3 17.2 21.5 22.9 22.6 19.9 9

10 Commercial mortgages 18.8 22.0 19.3 19.7 19.6 15.9 10

11 Miscellaneous assets 5.3 5.9 12.1 11.1 6.5 11.1 11

12 Total liabilities 103.4 102.1 94.4 91.0 90.0 75.2 12

13 Checkable deposits 13.3 14.0 15.7 14.6 16.1 16.6 13

14 Small time and savings deposits 23.9 25.2 26.3 27.4 24.5 19.3 14

15 Large time deposits 23.9 25.2 26.3 27.4 24.5 19.3 15

16 Miscellaneous liabilities 42.2 37.7 26.2 21.7 25.0 20.0 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.
66 FFA, 2005-2010, March 10, 2011

L.114 Savings Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 1789.4 1714.8 1815.0 1523.5 1253.7 1244.2 1

 2 Reserves at Federal Reserve 2.7 2.0 2.6 39.0 45.5 44.8 2

 3 Checkable deposits and currency 23.7 20.4 20.0 8.7 4.5 2.2 3

 4 Time and savings deposits 2.7 6.6 9.9 8.3 15.3 15.3 4

 5 Federal funds and security RPs 9.0 18.3 45.6 34.7 12.0 5.4 5

 6 Credit market instruments 1617.1 1533.2 1596.1 1320.0 1079.2 1087.1 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 12.3 12.5 7.0 3.0 6.8 5.9 8

 9 Agency- and GSE-backed securities 192.3 177.0 177.4 173.8 201.6 221.9 9

10 Mortgage pass-through securities 116.0 98.4 104.2 106.1 95.5 107.7 10

11 CMOs and other structured MBS 30.7 32.8 31.3 36.9 53.0 62.7 11

12 Other 45.5 45.9 41.8 30.8 53.2 51.4 12

13 Municipal securities 9.0 11.2 11.0 7.8 9.2 11.1 13

14 Corporate and foreign bonds 80.2 92.7 142.2 108.5 85.1 74.5 14

15 Private mortgage pass-through securities 7.7 11.0 6.5 5.2 2.8 2.3 15

16 Private CMOs and other structured MBS 58.6 65.8 105.2 63.4 33.0 26.9 16

17 Other 13.9 16.0 30.4 39.9 49.4 45.3 17

18 Other loans and advances 61.5 67.5 73.7 80.1 65.6 72.0 18

19 Mortgages 1152.7 1076.8 1094.0 860.6 633.3 614.9 19

20 Consumer credit 109.1 95.5 90.8 86.3 77.5 86.8 20

21 Corporate equities 26.2 24.9 25.3 22.7 22.2 19.7 21

22 Miscellaneous assets 107.9 109.3 115.5 90.0 74.9 69.8 22

23 Total liabilities 1619.2 1535.8 1649.2 1395.7 1124.4 1105.4 23

24 Deposits 1066.8 1091.4 1104.6 948.6 895.3 909.2 24

25 Checkable 85.0 85.9 79.4 76.6 89.7 89.0 25

26 Small time and savings 618.5 647.5 638.1 578.5 667.9 662.6 26

27 Large time 363.3 358.0 387.1 293.5 137.7 157.6 27

28 Security RPs 61.0 41.8 17.6 17.6 53.6 47.6 28

29 Credit market instruments 427.3 319.1 423.3 356.1 152.3 114.1 29

30 Corporate bonds 8.7 10.7 10.4 2.4 2.3 2.7 30

31 Bank loans n.e.c. 93.1 48.6 62.0 75.0 11.0 9.8 31

32 Other loans and advances 325.5 259.8 350.9 278.7 139.1 101.6 32

33 Taxes payable 3.6 3.3 1.3 1.0 1.3 1.0 33

34 Miscellaneous liabilities 60.5 80.2 102.4 72.3 21.8 33.4 34

35 Investment by parent 22.7 10.7 10.9 13.4 24.0 23.0 35

36 Other 37.8 69.5 91.5 58.9 -2.2 10.4 36

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
FFA, 2005-2010, March 10, 2011 67

L.115 Credit Unions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 685.7 716.2 758.7 812.4 882.7 911.1 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 22.8 36.9 2

 3 Checkable deposits and currency 38.1 44.4 43.3 37.6 39.1 32.8 3

 4 Time and savings deposits 21.9 17.0 17.0 28.3 37.8 42.4 4

 5 Federal funds and security RPs (net) 6.7 5.1 2.5 -2.3 0.1 0.0 5

 6 Credit market instruments 592.6 622.7 657.9 697.9 731.0 738.4 6

 7 Open market paper 0.8 1.0 0.4 0.0 0.0 0.0 7

 8 Treasury securities 7.7 7.4 10.4 8.8 14.2 11.3 8

 9 Agency- and GSE-backed securities 86.4 72.5 68.4 82.9 110.8 148.0 9

10 Corporate and foreign bonds 23.5 30.6 34.6 25.7 18.6 0.0 10

11 Other loans and advances 25.9 26.8 26.9 29.6 32.3 33.6 11

12 Home mortgages 219.7 249.7 281.5 314.7 317.9 319.0 12

13 Consumer credit 228.6 234.5 235.7 236.2 237.2 226.5 13

14 Mutual fund shares 2.2 2.1 2.1 2.0 1.3 1.5 14

15 Miscellaneous assets 24.2 24.9 35.9 44.2 50.6 59.1 15

16 Total liabilities 622.7 648.7 688.2 742.7 815.3 839.8 16

17 Shares/deposits 596.1 620.6 652.3 697.4 769.4 804.0 17

18 Checkable 81.1 72.6 73.7 75.3 86.9 92.5 18

19 Small time and savings 452.5 483.0 508.7 551.7 655.1 681.5 19

20 Large time 62.5 65.0 69.9 70.4 27.3 30.1 20

21 Other loans and advances 14.7 18.9 32.3 40.6 26.5 25.2 21

22 Miscellaneous liabilities 11.9 9.2 3.6 4.7 19.4 10.6 22

L.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Total financial assets 1246.3 1335.8 1385.8 1309.4 1387.6 1403.4 1

 2 Checkable deposits and currency 21.0 29.9 42.7 27.9 27.6 39.5 2

 3 Money market fund shares 12.8 13.5 20.7 32.8 29.6 26.4 3

 4 Security RPs 2.7 1.9 3.6 4.4 4.5 5.0 4

 5 Credit market instruments 819.3 864.1 869.3 853.4 886.7 881.9 5

 6 Open market paper 15.8 16.4 13.3 19.1 9.8 8.0 6

 7 Treasury securities 106.9 110.0 71.3 65.6 88.5 91.4 7

 8 Agency- and GSE-backed securities 117.9 122.0 125.8 114.3 116.2 109.4 8

 9 Municipal securities 313.2 335.2 371.3 381.9 369.4 369.8 9

10 Corporate and foreign bonds 262.8 277.0 282.9 267.5 298.3 299.2 10

11 Commercial mortgages 2.7 3.5 4.8 5.0 4.4 4.1 11

12 Corporate equities 199.5 227.0 236.2 193.3 219.8 228.0 12

13 Mutual fund shares 5.7 6.9 6.8 4.4 5.3 5.7 13

14 Trade receivables 82.1 87.0 85.4 86.7 83.0 83.8 14

15 Miscellaneous assets 103.3 105.5 121.1 106.6 131.1 133.1 15

16 Total liabilities 759.0 826.3 821.3 802.5 814.5 819.7 16

17 Security RPs 1.3 1.2 0.5 2.4 0.6 0.7 17

18 Taxes payable (net) -1.6 9.4 7.0 -21.1 -15.8 -17.6 18

19 Miscellaneous liabilities 759.3 815.7 813.8 821.2 829.7 836.6 19
68 FFA, 2005-2010, March 10, 2011

L.117 Life Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 4350.7 4685.3 4949.7 4515.5 4823.9 5176.8 1

 2 Checkable deposits and currency 47.7 56.1 58.3 82.8 50.7 48.8 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 28.1 3

 4 Security RPs 2.6 2.6 2.7 8.0 10.2 10.9 4

 5 Credit market instruments 2753.9 2786.4 2871.2 2882.8 3022.6 3130.2 5

 6 Open market paper 24.4 28.7 41.7 38.3 49.8 27.8 6

 7 Treasury securities 95.4 87.9 70.6 105.7 133.5 161.6 7

 8 Agency- and GSE-backed securities 368.5 377.4 382.9 366.2 371.9 357.0 8

 9 Municipal securities 32.5 36.6 41.4 47.1 73.1 77.5 9

10 Corporate and foreign bonds 1824.8 1819.5 1862.6 1817.0 1914.7 2022.7 10

11 Other loans and advances 122.8 132.6 145.8 166.1 153.5 165.6 11

12 Mortgages 285.5 303.8 326.2 342.4 326.1 318.0 12

13 Corporate equities 1161.8 1364.8 1464.6 1001.7 1208.5 1423.2 13

14 Mutual fund shares 109.0 148.8 188.4 121.0 140.8 155.7 14

15 Miscellaneous assets 262.1 303.3 342.9 380.1 357.6 380.0 15

16 Total liabilities 4088.4 4412.0 4661.7 4266.5 4532.5 4850.9 16

17 Security RPs 20.9 21.2 20.2 12.9 12.4 12.7 17

18 Other loans and advances 11.5 14.2 28.7 54.9 48.3 45.3 18

19 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1280.5 19

20 Pension fund reserves (1) 2197.4 2332.4 2450.8 2184.6 2323.0 2472.7 20

21 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -38.7 21

22 Miscellaneous liabilities 824.0 925.9 1010.6 905.0 985.6 1078.4 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).

L.118 Private Pension Funds (1)

Billions of dollars

 1 Total financial assets 5388.6 6082.8 6410.6 4552.7 5471.0 6079.6 1

 2 Checkable deposits and currency 10.8 11.2 11.8 12.3 16.4 26.8 2

 3 Time and savings deposits 62.2 63.1 67.7 67.9 72.7 77.1 3

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

 5 Security RPs 21.6 22.4 25.8 33.1 36.2 37.1 5

 6 Credit market instruments 699.9 758.3 860.8 951.4 1063.0 1170.5 6

 7 Open market paper 31.5 31.7 26.9 37.2 26.7 15.3 7

 8 Treasury securities 116.5 130.8 169.5 184.9 310.7 486.7 8

 9 Agency- and GSE-backed securities 252.0 268.6 296.8 318.1 269.1 170.9 9

10 Corporate and foreign bonds 290.0 317.6 357.4 400.1 442.9 482.5 10

11 Mortgages 9.8 9.5 10.2 11.1 13.6 15.1 11

12 Corporate equities 2441.7 2724.8 2673.3 1599.7 1835.7 1983.3 12

13 Mutual fund shares 1585.4 1880.4 2110.6 1366.0 1817.3 2131.9 13

14 Miscellaneous assets 480.2 532.5 567.1 426.5 533.3 556.7 14

15 Unallocated insurance contracts (2) 338.4 387.9 431.3 317.6 412.8 451.1 15

16 Contributions receivable 44.8 42.8 47.2 47.9 50.5 49.2 16

17 Other 97.0 101.8 88.6 61.0 70.0 56.4 17

18 Pension fund reserves (liabilities) (3) 5427.8 6120.5 6444.8 4588.0 5507.4 6116.1 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.
FFA, 2005-2010, March 10, 2011 69

L.119 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2721.4 3089.8 3198.8 2324.5 2673.7 2928.0 1

 2 Checkable deposits and currency 15.8 13.1 17.9 17.8 17.7 17.2 2

 3 Time and savings deposits 1.3 0.8 0.7 0.7 0.7 0.7 3

 4 Money market fund shares 11.7 13.8 12.4 14.3 14.3 13.9 4

 5 Security RPs 19.7 24.1 21.7 23.5 23.5 22.8 5

 6 Credit market instruments 693.4 808.0 820.3 833.5 824.7 816.1 6

 7 Open market paper 35.2 42.8 38.4 25.9 24.0 22.3 7

 8 Treasury securities 153.8 156.2 141.6 146.4 174.5 185.8 8

 9 Agency- and GSE-backed securities 258.4 307.8 331.1 337.5 306.9 285.5 9

10 Municipal securities 1.7 3.3 2.4 1.4 1.5 1.6 10

11 Corporate and foreign bonds 227.9 283.4 297.0 312.9 308.6 311.8 11

12 Mortgages 16.4 14.4 9.7 9.4 9.3 9.3 12

13 Corporate equities 1715.8 1926.1 2013.7 1237.9 1549.8 1778.8 13

14 Mutual fund shares 248.4 287.5 296.4 181.1 226.7 261.7 14

15 Miscellaneous assets 15.4 16.3 15.7 15.7 16.2 16.9 15

16 Pension fund reserves (liabilities) (1) 2763.4 3156.6 3297.9 2414.7 2759.8 3020.6 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

 1 Total financial assets 1071.5 1141.1 1197.2 1221.2 1324.4 1415.4 1

 2 Credit market instruments 76.0 84.3 96.1 120.3 127.7 138.7 2

 3 Treasury securities 68.4 76.7 88.0 112.3 119.1 129.2 3

 4 Agency- and GSE-backed securities 4.6 4.7 5.0 5.1 5.6 6.3 4

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

 6 Corporate equities 112.6 138.1 149.1 85.6 119.4 133.8 6

 7 Miscellaneous assets (2) 882.9 918.7 952.0 1015.3 1077.2 1142.9 7

 8 Pension fund reserves (liabilities) (3) 1071.5 1141.1 1197.2 1221.2 1324.4 1415.4 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.
70 FFA, 2005-2010, March 10, 2011

L.121 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 1

 2 Foreign deposits 94.7 84.1 127.3 129.3 97.1 105.9 2

 3 Checkable deposits and currency -0.9 6.7 1.9 7.5 17.9 14.2 3

 4 Time and savings deposits 183.0 206.7 270.6 355.2 573.2 468.0 4

 5 Security RPs 346.0 394.6 605.9 542.4 479.9 479.4 5

 6 Credit market instruments 1340.8 1560.8 1936.4 2675.0 2031.0 1621.0 6

 7 Open market paper 492.2 608.3 674.6 618.5 510.5 394.2 7

 8 Treasury securities 88.6 82.7 178.1 577.7 406.4 335.4 8

 9 Agency- and GSE-backed securities 160.1 131.4 235.9 756.2 543.0 402.8 9

10 Municipal securities 336.8 370.3 471.0 494.6 401.3 334.4 10

11 Corporate and foreign bonds 263.2 368.3 376.8 228.0 169.9 154.2 11

12 Miscellaneous assets 43.3 59.2 90.9 47.9 59.1 66.9 12

13 Total shares outstanding (liabilities) 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 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

 1 Total financial assets 6048.9 7068.3 7829.0 5435.3 6961.6 7963.4 1

 2 Security RPs 115.4 132.8 132.2 124.7 153.3 139.3 2

 3 Credit market instruments 1747.1 1932.0 2203.1 2276.4 2657.2 3026.8 3

 4 Open market paper 97.1 114.5 114.1 51.6 80.2 68.0 4

 5 Treasury securities 155.7 160.7 179.2 187.9 255.5 296.0 5

 6 Agency- and GSE-backed securities 483.4 499.1 565.4 592.7 639.1 786.7 6

 7 Municipal securities 311.7 344.4 372.2 389.6 480.2 525.9 7

 8 Corporate and foreign bonds 662.7 767.0 889.9 959.9 1106.1 1255.0 8

 9 Other loans and advances 36.5 46.3 82.4 94.8 96.1 95.2 9

10 Corporate equities 4175.7 4989.6 5476.9 3014.1 4136.2 4801.4 10

11 Miscellaneous assets 10.7 14.0 16.8 20.0 14.9 -4.1 11

12 Total shares outstanding (liabilities) 6048.9 7068.3 7829.0 5435.3 6961.6 7963.4 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

 Closed-end funds

 1 Total financial assets 271.4 294.3 317.1 204.6 230.6 246.0 1

 2 Credit market instruments 165.8 171.8 170.9 130.3 140.5 145.2 2

 3 Treasury securities 7.1 7.4 5.6 3.2 4.3 5.0 3

 4 Municipal securities 89.4 89.4 91.3 78.4 81.5 80.9 4

 5 Corporate and foreign bonds 69.3 75.1 74.0 48.8 54.7 59.3 5

 6 Corporate equities 105.6 122.5 146.2 74.3 90.1 100.8 6

 7 Total shares outstanding (liabilities) 271.4 294.3 317.1 204.6 230.6 246.0 7

 Exchange-traded funds

 8 Total financial assets 300.8 422.8 607.7 530.9 772.9 986.5 8

 9 Credit market instruments 15.0 20.7 34.0 57.0 102.9 132.6 9

10 Treasury securities 9.7 13.1 19.7 27.0 41.7 51.0 10

11 Municipal securities 0.0 0.0 0.6 2.3 5.9 7.6 11

12 Corporate and foreign bonds 5.3 7.6 13.8 27.7 55.3 74.0 12

13 Corporate equities 285.8 402.0 573.7 473.9 669.9 853.9 13

14 Total shares outstanding (liabilities) 300.8 422.8 607.7 530.9 772.9 986.5 14
FFA, 2005-2010, March 10, 2011 71

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2819.4 2872.9 3174.3 3400.0 3013.8 6590.9 1

 2 Checkable deposits and currency 14.6 16.4 13.7 88.3 99.4 64.3 2

 3 Time and savings deposits 35.3 33.9 46.6 68.5 25.7 22.1 3

 4 Federal funds and security RPs (net) 107.7 117.4 142.7 114.5 122.1 152.2 4

 5 Credit market instruments 2543.9 2590.5 2829.5 3033.6 2699.7 6310.5 5

 6 Open market paper 13.8 32.4 27.7 6.8 9.7 8.1 6

 7 Treasury securities 13.1 14.2 15.5 16.8 21.9 56.1 7

 8 Agency- and GSE-backed securities 751.1 714.0 702.9 910.0 924.5 368.4 8

 9 Municipal securities 39.7 36.1 33.3 31.3 29.1 25.1 9

10 Corporate and foreign bonds 465.7 481.7 464.4 386.6 310.8 295.6 10

11 Other loans and advances 671.8 704.9 942.6 980.7 695.9 537.3 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 51.6 63.5 75.5 80.3 80.0 87.3 13

14 FHLB 620.2 641.4 867.1 900.5 615.9 450.0 14

15 Mortgages 588.8 607.2 643.1 701.4 707.7 5019.9 15

16 Home 453.9 457.6 447.9 455.9 444.1 4705.0 16

17 Multifamily residential 93.0 105.4 147.7 187.7 204.4 256.5 17

18 Farm 42.0 44.2 47.6 57.9 59.2 58.4 18

19 Consumer credit (2) 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Miscellaneous assets 117.8 114.7 141.7 95.0 66.8 41.9 20

21 Total liabilities 2734.0 2781.2 3081.3 3394.1 2977.0 6561.3 21

22 Credit market instruments 2592.2 2627.8 2910.2 3181.9 2706.6 6378.8 22

23 GSE issues (3) 2592.2 2627.8 2910.2 3181.9 2706.6 6378.8 23

24 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Miscellaneous liabilities 141.8 153.4 171.1 212.1 270.4 182.5 25

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, 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. Beginning 2010:Q1, almost all Fannie Mae and

 Freddie Mac mortgage pools (table L.125) are consolidated on Fannie Mae’s and Freddie Mac’s balance sheets.

(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

 1 Total financial assets 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 1

 2 Home mortgages 3446.4 3749.1 4371.8 4864.0 5266.5 1094.5 2

 3 Multifamily residential mortgages 101.3 88.8 88.1 92.8 105.4 68.1 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.8 3.2 4.5 4.7 4.5 3.7 5

 6 Total pool securities (liabilities)(2) 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated

 on Fannie Mae’s and Freddie Mac’s balance sheets (table L.124). 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.
72 FFA, 2005-2010, March 10, 2011

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 3387.5 4195.8 4540.6 4131.9 3347.4 2454.0 1

 2 Treasury securities 27.7 56.4 85.8 72.2 53.9 40.3 2

 3 Agency- and GSE-backed securities (1) 333.3 356.7 381.9 353.8 125.8 17.7 3

 4 Other loans and advances 188.3 253.4 341.9 379.8 328.7 326.2 4

 5 Mortgages (2) 2128.5 2760.0 2935.7 2584.2 2199.9 1887.3 5

 6 Home 1621.9 2140.8 2177.2 1865.4 1528.6 1266.4 6

 7 Multifamily residential 89.4 103.4 124.0 113.2 107.4 98.7 7

 8 Commercial 417.1 515.8 634.5 605.5 563.9 522.2 8

 9 Consumer credit 609.9 661.1 683.7 646.4 577.9 130.7 9

10 Trade credit 99.8 108.3 111.7 95.5 61.3 51.8 10

11 Total liabilities 3391.7 4199.4 4543.8 4134.6 3349.8 2456.0 11

12 Commercial paper 674.4 837.4 643.1 559.3 293.1 122.8 12

13 Corporate bonds (net) (3) 2717.3 3362.1 3900.6 3575.3 3056.7 2333.2 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 4.2 3.6 3.1 2.7 2.3 2.0 14

15 REIT assets (5) 107.3 110.0 92.1 46.6 38.8 27.5 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 112.9 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

(4) 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.

(5) Included in table L.128.

(6) Included in table L.110 line 36.

L.127 Finance Companies (1)

Billions of dollars

 1 Total financial assets 1856.9 1891.3 1911.2 1851.7 1662.5 1594.6 1

 2 Checkable deposits and currency 17.4 15.8 16.2 16.5 17.0 15.1 2

 3 Time and savings deposits 52.2 47.4 48.6 49.4 51.0 45.4 3

 4 Credit market instruments 1740.6 1811.6 1828.2 1755.9 1532.6 1491.9 4

 5 Corporate and foreign bonds 203.5 184.8 189.4 192.4 198.6 176.8 5

 6 Other loans and advances 479.2 498.0 523.0 539.9 448.9 456.1 6

 7 Mortgages 541.4 594.4 531.9 447.9 397.4 340.5 7

 8 Consumer credit 516.5 534.4 584.1 575.8 487.8 518.6 8

 9 Miscellaneous assets 46.7 16.4 18.2 30.0 61.9 42.2 9

10 Total liabilities 1828.3 1876.8 1949.6 1880.5 1630.3 1543.2 10

11 Credit market instruments 1108.6 1144.2 1279.6 1200.3 1044.1 964.4 11

12 Open market paper 160.0 165.3 123.5 100.9 62.1 64.3 12

13 Corporate bonds 806.5 849.7 974.1 924.5 837.5 823.4 13

14 Bank loans n.e.c. 142.1 129.2 182.0 174.9 144.5 76.7 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 16.9 17.0 15.5 15.4 12.7 13.1 16

17 Miscellaneous liabilities 702.8 715.7 654.4 664.8 573.6 565.7 17

18 Foreign direct investment in U.S. 38.8 51.1 62.7 57.7 58.8 60.0 18

19 Investment by parent 312.2 338.5 321.4 313.0 280.5 266.5 19

20 Other 351.8 326.0 270.3 294.0 234.3 239.2 20

 Memo:

21 Consumer leases not included above (2) 85.3 106.0 122.9 111.1 85.4 77.0 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
FFA, 2005-2010, March 10, 2011 73

L.128 Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 305.3 344.0 316.7 253.9 255.5 273.8 1

 2 Checkable deposits and currency 13.6 18.4 16.6 18.4 26.5 22.4 2

 3 Credit market instruments 239.7 265.8 244.7 180.8 168.3 172.7 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 90.5 91.4 98.3 4

 5 Corporate and foreign bonds 53.0 64.6 34.4 14.4 17.6 23.0 5

 6 Mortgages 146.1 135.8 121.3 75.9 59.2 51.3 6

 7 Home 127.4 103.7 79.2 36.7 27.5 19.7 7

 8 Multifamily residential 1.9 5.0 5.2 3.9 1.9 1.7 8

 9 Commercial 16.8 27.1 37.0 35.3 29.8 29.9 9

10 Miscellaneous assets 51.9 59.7 55.4 54.7 60.7 78.7 10

11 Total liabilities 533.7 571.3 578.7 515.2 473.3 493.0 11

12 Security RPs 83.5 97.9 91.7 80.5 95.1 104.8 12

13 Credit market instruments 395.5 411.0 421.2 372.6 338.9 351.0 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 216.7 230.6 231.3 176.2 151.2 166.8 15

16 Bank loans n.e.c. 33.3 28.4 33.2 32.9 20.8 15.2 16

17 Mortgages 145.5 152.1 156.7 163.5 166.9 169.0 17

18 Miscellaneous liabilities 54.7 62.4 65.8 62.1 39.3 37.2 18

 Memo:

19 Securitized assets included above 107.3 110.0 92.1 46.6 38.8 27.5 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 102.5 92.7 72.4 33.0 24.8 17.7 21

22 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 22

23 Commercial mortgages 4.7 17.0 19.3 13.2 13.7 9.4 23
74 FFA, 2005-2010, March 10, 2011

L.129 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2127.1 2741.7 3092.0 2217.2 2084.2 2075.2 1

 2 Checkable deposits and currency 56.5 80.5 105.0 120.1 90.7 96.9 2

 3 Credit market instruments 477.2 583.4 803.1 717.4 525.3 557.6 3

 4 Open market paper 60.2 64.3 87.1 65.7 41.5 36.2 4

 5 Treasury securities -64.6 -67.0 -60.0 190.6 123.0 94.5 5

 6 Agency- and GSE-backed securities 101.0 138.0 290.2 242.6 110.9 149.8 6

 7 Municipal securities 42.9 50.9 50.1 38.7 35.4 40.0 7

 8 Corporate and foreign bonds 315.7 355.5 382.8 123.8 171.3 185.6 8

 9 Other loans and advances 22.0 41.7 52.8 55.9 43.2 51.4 9

10 Corporate equities 158.3 186.4 224.8 109.2 124.2 117.2 10

11 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 11

12 Miscellaneous assets 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 12

13 Total liabilities 2052.6 2669.1 3020.5 2146.3 1998.5 1973.4 13

14 Security RPs (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 14

15 Credit market instruments 62.4 68.8 64.8 142.6 92.9 129.7 15

16 Corporate bonds 62.4 68.8 64.8 97.1 92.9 129.7 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 45.5 0.0 0.0 17

18 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 18

19 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 19

20 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 20

21 From banks 230.7 302.2 334.5 221.0 219.6 242.3 21

22 Taxes payable 2.1 2.8 2.2 2.5 5.7 3.6 22

23 Miscellaneous liabilities 405.5 519.5 559.5 429.5 470.8 480.7 23

24 Foreign direct investment in U.S. 49.9 61.0 63.7 60.2 85.2 86.0 24

25 Due to affiliates 544.5 596.5 560.4 626.1 1158.5 1117.6 25

26 Other -188.9 -137.9 -64.6 -256.8 -773.0 -723.0 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

 1 Total financial assets 1341.2 1460.4 1851.3 2858.7 2443.3 2315.8 1

 2 Money market fund shares 421.1 463.0 790.6 1065.2 913.1 704.1 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.1 3

 4 Credit market instruments 317.4 363.5 309.2 999.9 778.7 905.7 4

 5 Open market paper 239.3 289.1 118.4 296.8 42.3 113.1 5

 6 Corporate and foreign bonds 67.5 60.4 170.0 667.3 710.2 760.1 6

 7 Other loans and advances 10.6 14.1 20.8 35.9 26.1 32.4 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 26.4 8

 9 Miscellaneous assets 602.8 633.9 751.5 793.5 726.3 679.6 9

10 Investment in foreign banking offices 188.8 197.3 241.0 276.6 203.1 171.6 10

11 Investment in brokers and dealers 414.0 436.5 510.5 516.9 523.2 508.0 11

12 Total liabilities 1341.2 1460.4 1851.3 2858.7 2443.3 2315.8 12

13 Credit market instruments 619.9 645.3 786.4 1252.8 816.8 750.9 13

14 Open market paper 274.5 278.3 367.9 388.0 261.7 213.7 14

15 Corporate bonds 345.3 367.0 418.5 419.9 457.8 454.6 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 444.9 95.3 73.4 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 9.2 17

18 Miscellaneous liabilities 721.4 815.1 1064.9 1605.9 1626.5 1565.0 18

19 Foreign direct investment in U.S. 8.4 9.0 9.6 10.2 10.8 11.4 19

20 Securities loaned (net) 939.7 1242.3 1240.2 887.0 856.8 733.4 20

21 Equity interest under PPIP 0.0 0.0 0.0 0.0 1.8 7.7 21

22 Other (net) -226.8 -436.2 -185.0 708.6 757.1 812.5 22

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(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 the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
FFA, 2005-2010, March 10, 2011 75

L.200 U.S. Official Reserve Assets (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 61.1 62.2 67.3 74.2 175.1 175.8 1

 2 Federal government: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 2

 3 Rest of the world 54.1 54.9 59.5 66.6 119.7 121.4 3

 4 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 4

 5 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 12.5 5

 6 Foreign currency holdings 37.8 40.9 45.8 49.6 50.5 52.1 6

 7 Total assets 72.1 73.3 78.3 85.2 186.1 186.8 7

 8 Federal government 35.3 34.5 36.4 41.9 94.6 95.4 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 10

11 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 12.6 11

12 Foreign currency holdings 18.9 20.5 22.5 24.8 25.2 26.0 12

13 Rest of the world: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 13

14 Monetary authority 29.9 31.4 34.2 35.7 36.2 37.0 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

17 Foreign currency holdings 18.9 20.5 23.3 24.8 25.3 26.1 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.5 28.1 27.4 26.6 26.2 25.9 3

 4 Asset: Monetary authority 36.5 38.2 38.7 38.7 42.7 43.6 4

 5 Discrepancy (seigniorage) -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 997.8 1085.0 1342.0 939.9 768.3 849.8 1

 Held by:

 2 Household sector 59.9 65.2 80.6 56.5 46.2 51.1 2

 3 Nonfinancial corporate business 63.6 49.3 50.3 24.7 33.7 67.4 3

 4 Money market mutual funds 94.7 84.1 127.3 129.3 97.1 105.9 4

 5 Discrepancy--unallocated assets 779.5 886.3 1083.9 729.4 591.4 625.4 5
76 FFA, 2005-2010, March 10, 2011

L.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 197.4 186.1 88.6 1890.5 1282.6 1101.7 1

 2 Monetary authority 69.1 70.4 75.8 917.7 1031.9 1020.8 2

 3 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 968.1 3

 4 Vault cash 50.1 51.7 55.0 57.7 54.9 52.8 4

 5 Commercial banking 128.3 115.7 12.8 972.8 250.7 80.8 5

 6 To monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 6

 7 To banks in foreign countries, net 106.0 96.7 -56.9 362.9 70.1 20.0 7

 8 Liabilities, net 117.7 108.7 -38.4 387.6 84.7 43.4 8

 9 U.S.-chartered commercial banks 320.9 432.3 496.2 668.8 560.5 485.6 9

10 Due to foreign affiliates 487.7 586.4 650.7 782.2 762.2 783.2 10

11 - Due from foreign affiliates 166.8 154.2 154.5 113.3 201.7 297.6 11

12 Foreign banking offices in U.S. -176.0 -255.2 -424.0 -179.6 -350.7 -306.5 12

13 Due to foreign affiliates 333.9 524.5 529.0 536.4 538.7 635.0 13

14 - Due from foreign affiliates 509.9 779.7 953.0 716.1 889.5 941.5 14

15 Bank holding companies -27.1 -68.4 -110.6 -101.5 -125.1 -135.6 15

16 Due to foreign affiliates 42.2 19.7 51.6 143.6 127.9 120.4 16

17 - Due from foreign affiliates 69.4 88.1 162.2 245.1 253.0 256.0 17

18 Less: Deposits at foreign banks 11.7 12.0 18.6 24.7 14.6 23.4 18

19 U.S. chartered commercial banks 11.0 11.9 17.9 24.5 9.3 14.9 19

20 Foreign banking offices in U.S. 0.7 0.1 0.7 0.3 5.4 8.5 20

21 To U.S. banking, net 21.3 19.3 21.1 51.7 86.1 62.0 21

22 U.S.-chartered commercial banks -22.3 -57.1 -24.9 88.5 27.4 -39.7 22

23 Due to: 105.6 118.7 135.1 118.2 141.0 114.1 23

24 Foreign offices in U.S. 82.9 97.8 113.2 65.8 43.6 41.9 24

25 Bank holding companies 1.4 1.6 0.8 0.7 11.2 10.1 25

26 Unallocated 21.3 19.3 21.1 51.7 86.1 62.0 26

27 Less, due from: 128.0 175.8 160.1 29.8 113.6 153.8 27

28 Foreign offices in U.S. 117.9 140.0 133.7 82.1 77.4 82.9 28

29 Bank holding companies 10.0 35.8 26.4 -52.3 36.3 70.9 29

30 Foreign banking offices in U.S. 35.0 42.2 20.5 16.2 33.7 41.0 30

31 Due to U.S. banks 117.9 140.0 133.7 82.1 77.4 82.9 31

32 - Due from U.S. banks 82.9 97.8 113.2 65.8 43.6 41.9 32

33 Bank holding companies 8.6 34.2 25.5 -53.0 25.0 60.7 33

34 Due to U.S. banks 10.0 35.8 26.4 -52.3 36.3 70.9 34

35 - Due from U.S. banks 1.4 1.6 0.8 0.7 11.2 10.1 35

36 Total assets 176.1 166.8 67.5 1838.9 1196.5 1039.6 36

37 Rest of the world 106.0 96.7 -56.9 362.9 70.1 20.0 37

38 Domestic 70.1 70.1 124.4 1475.9 1126.4 1019.6 38

39 Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 39

40 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 40

41 Loans to member banks 0.1 0.1 48.6 559.7 96.6 0.2 41

42 Commercial banking 66.4 68.4 73.2 874.1 963.6 939.2 42

43 Reserves at Federal Reserve 16.3 16.7 18.2 816.3 908.7 886.4 43

44 Vault cash 50.1 51.7 55.0 57.7 54.9 52.8 44

45 Savings insts.: Reserves at Fed. Res. 2.7 2.0 2.6 39.0 45.5 44.8 45

46 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 4.7 22.8 36.9 46

47 Discrepancy--floats, etc. 21.3 19.3 21.1 51.7 86.1 62.0 47
FFA, 2005-2010, March 10, 2011 77

L.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 1527.2 1507.3 1532.9 2101.3 2093.4 2360.1 1

 2 Monetary authority 750.8 774.3 792.1 1220.3 1102.7 1287.7 2

 3 Federal government cash and deposits 4.8 5.0 16.4 365.7 191.9 340.9 3

 4 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 4

 5 Deposits due to foreign 0.1 0.1 0.1 1.4 2.4 3.4 5

 6 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 6

 7 Commercial banking 610.3 574.4 587.7 729.1 814.0 890.8 7

 8 Federal government deposits 33.9 28.0 42.9 3.5 3.8 3.6 8

 9 Deposits due to foreign 19.7 28.8 34.1 67.6 44.6 44.4 9

10 Private domestic deposits 556.8 517.6 510.7 658.0 765.7 842.8 10

11 Savings institutions 85.0 85.9 79.4 76.6 89.7 89.0 11

12 Credit unions 81.1 72.6 73.7 75.3 86.9 92.5 12

13 Total assets 1527.2 1507.3 1532.9 2101.3 2093.4 2360.1 13

14 Household sector 216.9 173.1 90.3 292.0 363.4 326.7 14

15 Nonfinancial business 646.2 604.5 662.9 558.0 672.6 820.6 15

16 Corporate 267.8 150.9 141.9 32.7 184.7 354.3 16

17 Nonfarm noncorporate 355.5 428.6 494.3 497.6 459.3 437.1 17

18 Farm 22.9 25.0 26.8 27.7 28.6 29.2 18

19 State and local governments 56.5 61.9 57.1 65.6 84.9 91.6 19

20 Federal government 36.8 32.9 56.5 368.0 193.6 342.1 20

21 Rest of the world 300.1 311.6 306.1 370.1 360.7 389.8 21

22 Checkable deposits 19.7 28.9 34.2 69.0 47.0 47.7 22

23 Currency 280.4 282.6 272.0 301.1 313.8 342.1 23

24 Financial sectors 261.5 315.8 350.0 441.1 411.8 383.6 24

25 Commercial banking 3.0 2.9 2.6 3.2 4.2 3.3 25

26 Savings institutions 23.7 20.4 20.0 8.7 4.5 2.2 26

27 Credit unions 38.1 44.4 43.3 37.6 39.1 32.8 27

28 Property-casualty insurance companies 21.0 29.9 42.7 27.9 27.6 39.5 28

29 Life insurance companies 47.7 56.1 58.3 82.8 50.7 48.8 29

30 Private pension funds 10.8 11.2 11.8 12.3 16.4 26.8 30

31 State and local govt. retirement funds 15.8 13.1 17.9 17.8 17.7 17.2 31

32 Money market mutual funds -0.9 6.7 1.9 7.5 17.9 14.2 32

33 Government-sponsored enterprises 14.6 16.4 13.7 88.3 99.4 64.3 33

34 Finance companies 17.4 15.8 16.2 16.5 17.0 15.1 34

35 REITs 13.6 18.4 16.6 18.4 26.5 22.4 35

36 Brokers and dealers 56.5 80.5 105.0 120.1 90.7 96.9 36

37 Mail float 9.2 7.5 10.0 6.4 6.3 5.7 37
78 FFA, 2005-2010, March 10, 2011

L.205 Time and Savings Deposits 

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 6387.6 6995.8 7606.7 7940.9 8316.3 8432.1 1

 2 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.6 2

 3 Commercial banking 3527.1 3814.7 4077.7 4619.1 5003.5 5280.6 3

 4 U.S.-chartered commercial banks 3493.1 3770.9 4025.9 4566.2 4949.1 5225.6 4

 5 Foreign banking offices in U.S. 10.0 18.6 25.5 25.6 29.9 35.7 5

 6 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 6

 7 Savings institutions 618.5 647.5 638.1 578.5 667.9 662.6 7

 8 Credit unions 452.5 483.0 508.7 551.7 655.1 681.5 8

 9 Large time deposits (1) 1789.5 2050.8 2382.2 2191.6 1989.8 1807.4 9

10 Commercial banking 1363.7 1627.7 1925.3 1827.7 1824.8 1619.8 10

11 U.S.-chartered commercial banks 838.1 968.0 991.1 1015.6 841.7 691.4 11

12 Foreign banking offices in U.S. 501.7 634.5 907.9 784.7 958.6 909.0 12

13 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 13

14 Savings institutions 363.3 358.0 387.1 293.5 137.7 157.6 14

15 Credit unions 62.5 65.0 69.9 70.4 27.3 30.1 15

16 Total assets 6387.6 6995.8 7606.7 7940.9 8316.3 8432.1 16

17 Household sector 4913.9 5400.4 5888.5 6082.8 6172.3 6421.7 17

18 Nonfinancial business 774.5 841.4 800.7 740.0 860.3 829.3 18

19 Corporate 450.4 497.0 441.3 381.9 529.7 514.7 19

20 Nonfarm noncorporate 324.1 344.4 359.3 358.1 330.5 314.6 20

21 State and local governments 183.3 209.6 245.9 265.1 275.9 275.5 21

22 Federal government 1.4 1.7 2.8 1.6 1.9 2.0 22

23 Rest of the world 155.9 167.4 207.6 273.1 229.5 232.8 23

24 Financial sectors 358.7 375.5 461.1 578.4 776.4 670.9 24

25 Savings institutions 2.7 6.6 9.9 8.3 15.3 15.3 25

26 Credit unions 21.9 17.0 17.0 28.3 37.8 42.4 26

27 Private pension funds 62.2 63.1 67.7 67.9 72.7 77.1 27

28 State and local govt. retirement funds 1.3 0.8 0.7 0.7 0.7 0.7 28

29 Money market mutual funds 183.0 206.7 270.6 355.2 573.2 468.0 29

30 Government-sponsored enterprises 35.3 33.9 46.6 68.5 25.7 22.1 30

31 Finance companies 52.2 47.4 48.6 49.4 51.0 45.4 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

 1 Total assets 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 1

 2 Household sector 949.2 1114.5 1347.7 1581.8 1313.0 1131.4 2

 3 Nonfinancial corporate business 348.2 416.3 544.4 702.6 630.8 537.3 3

 4 Nonfarm noncorporate business 69.0 72.2 74.3 75.4 69.6 66.2 4

 5 State and local governments 71.7 78.5 81.9 80.5 85.0 90.9 5

 6 Rest of the world 23.0 27.0 46.0 69.7 73.0 60.8 6

 7 Property-casualty insurance companies 12.8 13.5 20.7 32.8 29.6 26.4 7

 8 Life insurance companies 13.5 23.3 21.6 39.2 33.7 28.1 8

 9 Private pension funds 86.7 90.1 93.5 95.7 96.4 96.3 9

10 State and local govt. retirement funds 11.7 13.8 12.4 14.3 14.3 13.9 10

11 Funding corporations 421.1 463.0 790.6 1065.2 913.1 704.1 11
FFA, 2005-2010, March 10, 2011 79

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 1748.5 2151.7 2159.8 1271.4 1457.1 1213.3 1

 2 Monetary authority 30.5 29.6 44.0 88.4 77.7 59.7 2

 3 Commercial banking (net) 817.7 888.2 838.5 482.8 746.6 583.2 3

 4 U.S.-chartered commercial banks 626.1 647.5 611.4 352.4 624.0 409.5 4

 5 Foreign banking offices in U.S. 190.9 239.9 226.3 130.0 170.3 223.2 5

 6 Bank holding companies 0.6 0.8 0.8 0.4 -47.7 -49.5 6

 7 Savings institutions 61.0 41.8 17.6 17.6 53.6 47.6 7

 8 Property-casualty insurance companies 1.3 1.2 0.5 2.4 0.6 0.7 8

 9 Life insurance companies 20.9 21.2 20.2 12.9 12.4 12.7 9

10 REITs 83.5 97.9 91.7 80.5 95.1 104.8 10

11 Brokers and dealers (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 11

12 Total assets 1065.1 1294.8 1536.9 1243.7 1050.1 939.1 12

13 Nonfinancial corporate business 14.6 15.5 8.1 7.2 9.7 11.2 13

14 State and local governments 141.2 154.6 161.2 158.6 167.3 174.0 14

15 Rest of the world (net) 231.2 364.6 338.4 114.9 31.1 -98.3 15

16 Monetary authority 46.8 40.8 46.5 80.0 0.0 0.0 16

17 Savings institutions 9.0 18.3 45.6 34.7 12.0 5.4 17

18 Credit unions (net) 6.7 5.1 2.5 -2.3 0.1 0.0 18

19 Property-casualty insurance companies 2.7 1.9 3.6 4.4 4.5 5.0 19

20 Life insurance companies 2.6 2.6 2.7 8.0 10.2 10.9 20

21 Private pension funds 21.6 22.4 25.8 33.1 36.2 37.1 21

22 State and local govt. retirement funds 19.7 24.1 21.7 23.5 23.5 22.8 22

23 Money market mutual funds 346.0 394.6 605.9 542.4 479.9 479.4 23

24 Mutual funds 115.4 132.8 132.2 124.7 153.3 139.3 24

25 Government-sponsored enterprises (net) 107.7 117.4 142.7 114.5 122.1 152.2 25

26 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.1 26

27 Discrepancy--unallocated assets 683.3 856.9 622.8 27.7 407.0 274.3 27

L.208 Open Market Paper

Billions of dollars

 1 Total outstanding, all types 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 1

 2 Commercial paper 1640.1 1957.5 1788.1 1599.3 1137.4 1057.5 2

 3 Nonfinancial corporate business 90.1 112.5 123.8 131.5 58.4 82.9 3

 4 Foreign issues in U.S. 384.0 482.3 413.0 342.0 401.3 396.0 4

 5 Nonfinancial 29.0 27.0 29.0 49.7 34.5 37.0 5

 6 Financial 355.0 455.3 384.0 292.3 366.8 359.0 6

 7 Financial business 1166.1 1362.7 1251.3 1125.8 677.6 578.6 7

 8 Commercial banking 57.1 81.7 116.7 77.7 60.8 177.6 8

 9 ABS issuers 674.4 837.4 643.1 559.3 293.1 122.8 9

10 Finance companies 160.0 165.3 123.5 100.9 62.1 64.3 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 274.5 278.3 367.9 388.0 261.7 213.7 12

13 Bankers’ acceptances (1) 4.1 0.5 0.5 0.0 0.0 0.0 13

14 Holdings, by sector 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 14

15 Household sector 98.4 117.5 107.3 6.0 34.6 63.4 15

16 Nonfinancial corporate business 111.0 122.7 69.5 57.3 42.6 59.2 16

17 State and local governments 184.8 202.4 191.1 127.6 74.1 49.4 17

18 Rest of the world 239.6 286.3 278.1 232.9 191.5 192.4 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 0.0 0.0 0.0 15.7 0.0 0.0 20

21 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions 0.8 1.0 0.4 0.0 0.0 0.0 22

23 Property-casualty insurance companies 15.8 16.4 13.3 19.1 9.8 8.0 23

24 Life insurance companies 24.4 28.7 41.7 38.3 49.8 27.8 24

25 Private pension funds 31.5 31.7 26.9 37.2 26.7 15.3 25

26 State and local govt. retirement funds 35.2 42.8 38.4 25.9 24.0 22.3 26

27 Money market mutual funds 492.2 608.3 674.6 618.5 510.5 394.2 27

28 Mutual funds 97.1 114.5 114.1 51.6 80.2 68.0 28

29 Government-sponsored enterprises 13.8 32.4 27.7 6.8 9.7 8.1 29

30 Brokers and dealers 60.2 64.3 87.1 65.7 41.5 36.2 30

31 Funding corporations 239.3 289.1 118.4 296.8 42.3 113.1 31

(1) Excludes banks’ holdings of own acceptances.
80 FFA, 2005-2010, March 10, 2011

L.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 1

 2 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 2

 3 Other Treasury issues 4472.9 4659.4 4902.8 6144.2 7590.7 9173.6 3

 4 Total assets 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 4

 5 Household sector 464.3 384.1 255.6 247.7 770.3 1078.7 5

 6 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 6

 7 Other Treasury issues 259.2 181.7 59.2 53.7 579.1 890.8 7

 8 Nonfinancial corporate business 52.1 45.5 38.3 30.5 45.0 53.3 8

 9 Nonfarm noncorporate business 56.2 56.3 59.3 51.8 47.8 45.5 9

10 State and local governments 481.4 526.9 534.1 485.5 505.6 519.8 10

11 Rest of the world 1984.4 2126.2 2376.4 3251.4 3697.2 4394.1 11

12 Monetary authority 744.2 778.9 740.6 475.9 776.6 1021.5 12

13 Commercial banking 97.0 94.9 112.3 93.2 185.4 298.5 13

14 U.S.-chartered commercial banks 64.2 61.9 73.0 53.4 117.7 211.6 14

15 Foreign banking offices in U.S. 27.8 26.8 30.4 35.5 61.4 66.2 15

16 Bank holding companies 1.1 2.5 7.1 3.1 5.8 19.6 16

17 Banks in U.S.-affiliated areas 3.9 3.7 1.8 1.2 0.5 1.1 17

18 Savings institutions 12.3 12.5 7.0 3.0 6.8 5.9 18

19 Credit unions 7.7 7.4 10.4 8.8 14.2 11.3 19

20 Property-casualty insurance companies 106.9 110.0 71.3 65.6 88.5 91.4 20

21 Life insurance companies 95.4 87.9 70.6 105.7 133.5 161.6 21

22 Private pension funds 116.5 130.8 169.5 184.9 310.7 486.7 22

23 State and local govt. retirement funds 153.8 156.2 141.6 146.4 174.5 185.8 23

24 Federal government retirement funds 68.4 76.7 88.0 112.3 119.1 129.2 24

25 Money market mutual funds 88.6 82.7 178.1 577.7 406.4 335.4 25

26 Mutual funds 155.7 160.7 179.2 187.9 255.5 296.0 26

27 Closed-end funds 7.1 7.4 5.6 3.2 4.3 5.0 27

28 Exchange-traded funds 9.7 13.1 19.7 27.0 41.7 51.0 28

29 Government-sponsored enterprises 13.1 14.2 15.5 16.8 21.9 56.1 29

30 ABS issuers 27.7 56.4 85.8 72.2 53.9 40.3 30

31 Brokers and dealers -64.6 -67.0 -60.0 190.6 123.0 94.5 31

 Memo:

32 Federal government debt (1) 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
FFA, 2005-2010, March 10, 2011 81

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 6164.5 6492.4 7397.7 8166.7 8106.5 7569.3 1

 2 Budget agencies 23.8 23.5 23.1 23.3 23.5 24.2 2

 3 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6378.8 3

 4 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 4

 5 Total assets 6164.5 6492.4 7397.7 8166.7 8106.5 7569.3 5

 6 Household sector 493.4 403.6 669.0 711.4 82.6 77.9 6

 7 Nonfinancial corporate business 17.4 15.2 12.8 10.2 11.7 14.4 7

 8 State and local governments 401.6 439.9 458.7 451.1 436.1 449.4 8

 9 Federal government 0.0 0.0 0.0 54.4 225.5 225.5 9

10 Rest of the world 1012.9 1263.6 1582.4 1406.9 1188.6 1185.9 10

11 Monetary authority 0.0 0.0 0.0 19.7 1068.3 1139.6 11

12 Commercial banking 1089.6 1135.6 1022.3 1169.4 1276.9 1354.0 12

13 U.S.-chartered commercial banks 992.7 1040.3 928.9 1068.7 1200.0 1292.8 13

14 Foreign banking offices in U.S. 50.9 55.1 57.1 50.5 32.1 27.3 14

15 Bank holding companies 11.2 11.2 9.9 25.8 24.3 21.1 15

16 Banks in U.S.-affiliated areas 34.8 29.0 26.3 24.4 20.5 12.8 16

17 Savings institutions 192.3 177.0 177.4 173.8 201.6 221.9 17

18 Credit unions 86.4 72.5 68.4 82.9 110.8 148.0 18

19 Property-casualty insurance companies 117.9 122.0 125.8 114.3 116.2 109.4 19

20 Life insurance companies 368.5 377.4 382.9 366.2 371.9 357.0 20

21 Private pension funds 252.0 268.6 296.8 318.1 269.1 170.9 21

22 State and local govt. retirement funds 258.4 307.8 331.1 337.5 306.9 285.5 22

23 Federal government retirement funds 4.6 4.7 5.0 5.1 5.6 6.3 23

24 Money market mutual funds 160.1 131.4 235.9 756.2 543.0 402.8 24

25 Mutual funds 483.4 499.1 565.4 592.7 639.1 786.7 25

26 Government-sponsored enterprises 751.1 714.0 702.9 910.0 924.5 368.4 26

27 ABS issuers 333.3 356.7 381.9 353.8 125.8 17.7 27

28 REITs 40.6 65.4 88.9 90.5 91.4 98.3 28

29 Brokers and dealers 101.0 138.0 290.2 242.6 110.9 149.8 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.
82 FFA, 2005-2010, March 10, 2011

L.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 2225.9 2403.3 2618.9 2680.3 2809.0 2925.2 1

 2 State and local governments 1843.9 1997.0 2187.4 2238.1 2346.4 2450.3 2

 3 Short-term (1) 105.9 102.8 120.1 132.6 135.6 150.0 3

 4 Long-term 1738.0 1894.2 2067.3 2105.5 2210.9 2300.3 4

 5 Nonprofit organizations (2) 205.2 224.1 241.2 249.3 264.1 268.2 5

 6 Nonfinancial corporate business 176.8 182.2 190.3 192.9 198.4 206.7 6

 (industrial revenue bonds)

 7 Total assets 2225.9 2403.3 2618.9 2680.3 2809.0 2925.2 7

 8 Household sector 820.9 872.0 896.1 903.4 1010.5 1095.9 8

 9 Nonfinancial corporate business 32.1 28.1 29.2 26.2 25.9 25.7 9

10 Nonfarm noncorporate business 4.4 5.8 5.3 4.9 4.5 4.3 10

11 State and local governments 5.0 5.5 5.7 5.6 5.9 6.4 11

12 Rest of the world 29.0 34.4 45.1 50.5 57.0 73.0 12

13 Commercial banking 157.7 180.2 192.9 216.7 218.6 246.1 13

14 Savings institutions 9.0 11.2 11.0 7.8 9.2 11.1 14

15 Property-casualty insurance companies 313.2 335.2 371.3 381.9 369.4 369.8 15

16 Life insurance companies 32.5 36.6 41.4 47.1 73.1 77.5 16

17 State and local govt. retirement funds 1.7 3.3 2.4 1.4 1.5 1.6 17

18 Money market mutual funds 336.8 370.3 471.0 494.6 401.3 334.4 18

19 Mutual funds 311.7 344.4 372.2 389.6 480.2 525.9 19

20 Closed-end funds 89.4 89.4 91.3 78.4 81.5 80.9 20

21 Exchange-traded funds 0.0 0.0 0.6 2.3 5.9 7.6 21

22 Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 25.1 22

23 Brokers and dealers 42.9 50.9 50.1 38.7 35.4 40.0 23

(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

 1 Total liabilities 8693.5 9981.7 11435.0 11016.5 11434.4 11440.4 1

 2 Nonfinancial corporate business 3031.1 3246.7 3557.9 3762.5 4139.7 4559.6 2

 3 Rest of the world (1) 1011.6 1275.5 1587.1 1237.3 1493.6 1571.3 3

 4 Financial sectors 4650.9 5459.5 6290.1 6016.7 5801.1 5309.4 4

 5 Commercial banking 494.1 570.8 690.3 821.3 1202.8 1399.0 5

 6 Savings institutions 8.7 10.7 10.4 2.4 2.3 2.7 6

 7 ABS issuers (net) (3) 2717.3 3362.1 3900.6 3575.3 3056.7 2333.2 7

 8 Finance companies 806.5 849.7 974.1 924.5 837.5 823.4 8

 9 REITs 216.7 230.6 231.3 176.2 151.2 166.8 9

10 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 129.7 10

11 Funding corporations 345.3 367.0 418.5 419.9 457.8 454.6 11

12 Total assets 8693.5 9981.7 11435.0 11016.5 11434.4 11440.4 12

13 Household sector 1298.5 1552.7 2017.1 1956.2 2081.0 1918.6 13

14 State and local governments 127.2 139.4 145.3 142.9 150.9 163.9 14

15 Federal government 0.0 0.0 0.0 0.0 0.6 0.9 15

16 Rest of the world (2) 1762.9 2320.5 2719.1 2354.0 2467.9 2429.9 16

17 Commercial banking 687.0 780.3 978.2 979.9 868.3 749.6 17

18 Savings institutions 80.2 92.7 142.2 108.5 85.1 74.5 18

19 Credit unions 23.5 30.6 34.6 25.7 18.6 0.0 19

20 Property-casualty insurance companies 262.8 277.0 282.9 267.5 298.3 299.2 20

21 Life insurance companies 1824.8 1819.5 1862.6 1817.0 1914.7 2022.7 21

22 Private pension funds 290.0 317.6 357.4 400.1 442.9 482.5 22

23 State and local govt. retirement funds 227.9 283.4 297.0 312.9 308.6 311.8 23

24 Federal government retirement funds 2.9 2.9 3.0 2.9 3.0 3.2 24

25 Money market mutual funds 263.2 368.3 376.8 228.0 169.9 154.2 25

26 Mutual funds 662.7 767.0 889.9 959.9 1106.1 1255.0 26

27 Closed-end funds 69.3 75.1 74.0 48.8 54.7 59.3 27

28 Exchange-traded funds 5.3 7.6 13.8 27.7 55.3 74.0 28

29 Government-sponsored enterprises 465.7 481.7 464.4 386.6 310.8 295.6 29

30 Finance companies 203.5 184.8 189.4 192.4 198.6 176.8 30

31 REITs 53.0 64.6 34.4 14.4 17.6 23.0 31

32 Brokers and dealers 315.7 355.5 382.8 123.8 171.3 185.6 32

33 Funding corporations 67.5 60.4 170.0 667.3 710.2 760.1 33

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
FFA, 2005-2010, March 10, 2011 83

L.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Issues at market value 20636.1 24339.3 25576.0 15678.3 20002.9 23293.2 1

 2 Nonfinancial corporate business 12686.6 14602.3 15725.8 10037.0 12365.3 14490.4 2

 3 Rest of the world (2) 3317.7 4329.0 5248.0 2748.4 3977.4 4403.4 3

 4 Financial corporations 4631.9 5408.0 4602.2 2892.8 3660.2 4399.4 4

 5 Holdings at market value 20636.1 24339.3 25576.0 15678.3 20002.9 23293.2 5

 6 Household sector 8093.0 9643.7 9627.0 5777.5 7321.4 8513.6 6

 7 State and local governments 96.8 106.0 111.6 86.2 122.3 115.3 7

 8 Federal government 0.0 0.0 0.0 188.7 67.4 43.3 8

 9 Rest of the world (3) 2039.1 2448.1 2812.2 1806.7 2435.6 3091.1 9

10 Monetary authority 0.0 0.0 0.0 0.0 25.1 26.4 10

11 Commercial banking 24.1 35.3 41.5 6.7 30.3 37.1 11

12 Savings institutions 26.2 24.9 25.3 22.7 22.2 19.7 12

13 Property-casualty insurance companies 199.5 227.0 236.2 193.3 219.8 228.0 13

14 Life insurance companies 1161.8 1364.8 1464.6 1001.7 1208.5 1423.2 14

15 Private pension funds 2441.7 2724.8 2673.3 1599.7 1835.7 1983.3 15

16 State and local govt. retirement funds 1715.8 1926.1 2013.7 1237.9 1549.8 1778.8 16

17 Federal government retirement funds 112.6 138.1 149.1 85.6 119.4 133.8 17

18 Mutual funds 4175.7 4989.6 5476.9 3014.1 4136.2 4801.4 18

19 Closed-end funds 105.6 122.5 146.2 74.3 90.1 100.8 19

20 Exchange-traded funds 285.8 402.0 573.7 473.9 669.9 853.9 20

21 Brokers and dealers 158.3 186.4 224.8 109.2 124.2 117.2 21

22 Funding corporations 0.0 0.0 0.0 0.0 25.1 26.4 22

 Memo:

23 Market value of domestic corporations (4) 16518.8 19012.2 19080.5 12049.7 14843.9 17506.7 23

(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 11, 12, 13, 19, 20, 21, and 22; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7963.4 1

 2 Holdings at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7963.4 2

 3 Household sector 3669.1 4188.1 4596.8 3325.9 4177.6 4707.6 3

 4 Nonfinancial corporate business 140.0 180.7 191.1 125.8 189.7 248.8 4

 5 State and local governments 29.6 32.5 33.8 33.3 35.1 37.6 5

 6 Rest of the world 242.0 316.8 373.5 256.2 321.7 368.0 6

 7 Commercial banking 17.4 24.5 29.6 19.6 46.1 45.0 7

 8 Credit unions 2.2 2.1 2.1 2.0 1.3 1.5 8

 9 Property-casualty insurance companies 5.7 6.9 6.8 4.4 5.3 5.7 9

10 Life insurance companies 109.0 148.8 188.4 121.0 140.8 155.7 10

11 Private pension funds 1585.4 1880.4 2110.6 1366.0 1817.3 2131.9 11

12 State and local govt. retirement funds 248.4 287.5 296.4 181.1 226.7 261.7 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
84 FFA, 2005-2010, March 10, 2011

L.215 Bank Loans Not Elsewhere Classified

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Total loans by commercial

 1 banking, flow of funds basis 5473.7 6151.6 6810.3 7187.3 6672.5 6768.9 1

 - Loans elsewhere classified:

 2 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 2

 3 Mortgages 2958.0 3403.1 3644.4 3841.4 3818.7 3651.2 3

 4 Consumer credit 707.0 741.2 804.1 878.6 855.3 1098.7 4

 5 Security credit 230.7 302.2 334.5 221.0 219.6 242.3 5

 6 = Banking sector total bank loans n.e.c. 1577.9 1705.2 2027.3 2230.6 1778.9 1776.7 6

 7 U.S.-chartered commercial banks 1249.3 1312.2 1532.9 1670.8 1338.4 1350.9 7

 8 Foreign banking offices in U.S. 294.7 361.8 466.8 531.9 406.5 390.5 8

 9 Bank holding companies 8.1 5.6 6.3 8.2 14.6 19.3 9

10 Banks in U.S.-affiliated areas 25.9 25.6 21.4 19.7 19.4 16.1 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 490.4 142.8 98.1 11

12 = Total bank loans n.e.c. 1577.9 1705.2 2027.3 2721.1 1921.8 1874.7 12

13 Total liabilities 1577.9 1705.2 2027.3 2721.1 1921.8 1874.7 13

14 Nonfinancial sectors 1309.4 1499.0 1750.2 1947.9 1650.2 1699.7 14

15 Households 36.4 86.4 99.7 117.7 147.7 269.4 15

16 Corporate business 508.7 518.3 609.9 663.6 542.6 529.1 16

17 Nonfarm noncorporate business 629.9 742.8 882.3 1000.0 804.6 727.8 17

18 Farm business 49.9 53.2 55.5 58.7 58.5 58.3 18

19 Rest of the world 84.4 98.3 102.8 107.9 96.8 115.2 19

20 Foreign official institutions 2.6 1.9 1.9 2.6 3.2 4.3 20

21 Foreign banks 18.1 21.9 30.2 33.0 27.9 39.7 21

22 Other foreign 63.7 74.4 70.8 72.4 65.8 71.2 22

23 Financial sectors 268.6 206.2 277.1 773.2 271.6 175.1 23

24 Savings institutions 93.1 48.6 62.0 75.0 11.0 9.8 24

25 Finance companies 142.1 129.2 182.0 174.9 144.5 76.7 25

26 REITs 33.3 28.4 33.2 32.9 20.8 15.2 26

27 Brokers and dealers 0.0 0.0 0.0 45.5 0.0 0.0 27

28 Funding corporations 0.0 0.0 0.0 444.9 95.3 73.4 28
FFA, 2005-2010, March 10, 2011 85

L.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total other loans and advances 1901.2 2071.6 2605.3 2711.7 2275.1 2140.2 1

 2 U.S. government loans 106.7 107.3 105.2 111.3 177.4 180.7 2

 3 Liab.: Household sector 11.5 12.9 12.5 12.8 12.6 11.6 3

 4 Nonfinancial corporate business 9.2 10.4 10.2 14.5 73.9 69.5 4

 5 Nonfarm noncorporate business 37.9 42.7 43.8 46.0 49.2 49.5 5

 6 Farm business 3.8 3.7 3.7 3.7 4.2 4.6 6

 7 State and local governments 10.6 11.2 11.9 12.7 13.5 14.4 7

 8 Rest of the world 33.7 26.4 23.1 21.6 21.9 21.9 8

 9 Government-sponsored enterprises 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 10

11 Funding corporations 0.0 0.0 0.0 0.0 2.0 9.2 11

12 Foreign loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.4 161.4 12

13 Liab.: Nonfinancial corporate business 162.5 168.8 271.5 207.3 182.4 161.4 13

 Customers’ liability on acceptances

14 outstanding (bank asset) 4.0 0.4 0.5 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 3.8 0.3 0.2 0.0 0.0 0.0 15

16 Rest of the world 0.2 0.2 0.3 0.0 0.0 0.0 16

17 Savings institution loans to business 61.5 67.5 73.7 80.1 65.6 72.0 17

18 Liab.: Nonfinancial corporate business 30.7 33.7 36.9 40.0 32.8 36.0 18

19 Nonfarm noncorporate business 30.7 33.7 36.9 40.0 32.8 36.0 19

20 Credit unions loans to business 25.9 26.8 26.9 29.6 32.3 33.6 20

21 Liab.: Nonfinancial corporate business 13.0 13.4 13.4 14.8 16.2 16.8 21

22 Nonfarm noncorporate business 13.0 13.4 13.4 14.8 16.2 16.8 22

23 Policy loans (Household liability) 107.6 110.9 114.5 120.4 121.1 124.5 23

24 Asset: Federal government 0.7 0.6 0.6 0.6 0.5 0.5 24

25 Life insurance companies 106.9 110.2 113.9 119.8 120.6 124.0 25

26 Government-sponsored enterprise loans (1) 671.8 704.9 942.6 980.7 695.9 537.3 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Noncorporate business (FCS) 20.0 24.2 28.5 53.4 56.4 57.7 28

29 Farm business (FCS) 31.6 39.3 47.0 26.9 23.6 29.6 29

30 Commercial banks (FHLB and SLMA) 268.5 348.5 455.2 526.3 402.0 277.9 30

31 Savings institutions (FHLB and SLMA) 325.5 259.8 350.9 278.7 139.1 101.6 31

32 Credit unions (FHLB) 14.7 18.9 32.3 40.6 26.5 25.2 32

33 Life insurance companies (FHLB) 11.5 14.2 28.7 54.9 48.3 45.3 33

34 Securitized loans held by ABS issuers 93.9 97.7 93.7 78.1 54.4 34.2 34

35 Liab.: Nonfinancial corporate business 93.9 97.7 93.7 78.1 54.4 34.2 35

36 Finance company loans to business 479.2 498.0 523.0 539.9 448.9 456.1 36

37 Liab.: Nonfinancial corporate business 431.3 448.2 470.7 485.9 404.0 410.5 37

38 Nonfarm noncorporate business 47.9 49.8 52.3 54.0 44.9 45.6 38

39 Loans to nonfinancial corporate business (2) 188.1 289.2 453.8 564.3 497.2 540.4 39

40 Asset: Household sector 8.7 9.1 17.6 29.7 24.5 27.9 40

41 Life insurance companies 15.9 22.4 31.9 46.3 32.9 41.5 41

42 Mutual funds 36.5 46.3 82.4 94.8 96.1 95.2 42

43 ABS issuers 94.5 155.7 248.3 301.7 274.3 292.0 43

44 Brokers and dealers 22.0 41.7 52.8 55.9 43.2 51.4 44

45 Funding corporations 10.6 14.1 20.8 35.9 26.1 32.4 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.
86 FFA, 2005-2010, March 10, 2011

L.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total mortgages 12070.4 13462.5 14515.6 14605.5 14315.9 13832.8 1

 2 Home 9382.4 10455.6 11167.2 11069.1 10859.2 10546.5 2

 3 Multifamily residential 666.8 707.5 786.8 837.3 848.5 841.2 3

 4 Commercial 1916.5 2191.3 2448.9 2565.4 2473.7 2312.5 4

 5 Farm 104.8 108.0 112.7 133.6 134.5 132.6 5

 6 Total liabilities 12070.4 13462.5 14515.6 14605.5 14315.9 13832.8 6

 7 Household sector 9061.7 10079.3 10780.0 10707.0 10542.3 10249.6 7

 8 Nonfinancial business 2863.3 3231.1 3578.8 3735.0 3606.7 3414.3 8

 9 Corporate 751.0 834.2 873.0 837.3 798.1 731.2 9

10 Nonfarm noncorporate 2007.5 2288.9 2593.1 2764.0 2674.0 2550.4 10

11 Farm 104.8 108.0 112.7 133.6 134.5 132.6 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 145.5 152.1 156.7 163.5 166.9 169.0 13

14 Total assets 12070.4 13462.5 14515.6 14605.5 14315.9 13832.8 14

15 Household sector 139.4 122.1 109.8 111.8 102.5 92.3 15

16 Nonfinancial corporate business 68.3 59.8 41.4 33.6 25.9 18.2 16

17 Nonfarm noncorporate business 36.2 34.6 42.1 39.1 36.1 34.4 17

18 State and local governments 151.9 166.4 172.8 169.7 179.0 184.5 18

19 Federal government 76.6 80.3 82.4 95.8 108.4 106.6 19

20 Commercial banking 2958.0 3403.1 3644.4 3841.4 3818.7 3651.2 20

21 Savings institutions (1) 1152.7 1076.8 1094.0 860.6 633.3 614.9 21

22 Credit unions 219.7 249.7 281.5 314.7 317.9 319.0 22

23 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 23

24 Life insurance companies 285.5 303.8 326.2 342.4 326.1 318.0 24

25 Private pension funds 9.8 9.5 10.2 11.1 13.6 15.1 25

26 State and local govt. retirement funds 16.4 14.4 9.7 9.4 9.3 9.3 26

27 Government-sponsored enterprises (1) 588.8 607.2 643.1 701.4 707.7 5019.9 27

28 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.4 1166.3 28

29 ABS issuers 2128.5 2760.0 2935.7 2584.2 2199.9 1887.3 29

30 Finance companies 541.4 594.4 531.9 447.9 397.4 340.5 30

31 REITs 146.1 135.8 121.3 75.9 59.2 51.3 31

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 2005-2010, March 10, 2011 87

L.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 9382.4 10455.6 11167.2 11069.1 10859.2 10546.5 1

 2 Household sector 8874.3 9865.0 10539.9 10495.5 10339.8 10069.6 2

 3 Nonfinancial corporate business 31.1 39.4 42.2 32.7 20.3 13.6 3

 4 Nonfarm noncorporate business 477.0 551.2 585.1 540.9 499.1 463.3 4

 5 Total assets 9382.4 10455.6 11167.2 11069.1 10859.2 10546.5 5

 6 Household sector 117.9 102.9 90.8 91.2 83.2 75.2 6

 7 Nonfinancial corporate business 40.9 35.9 25.0 20.2 15.5 10.9 7

 8 Nonfarm noncorporate business 13.3 12.7 15.4 14.3 13.2 12.6 8

 9 State and local governments 77.5 84.9 88.5 87.0 91.9 94.1 9

10 Federal government 13.2 13.3 13.7 16.4 22.1 23.9 10

11 Commercial banking 1792.1 2082.1 2210.5 2248.1 2261.3 2207.0 11

12 Savings institutions 953.8 867.8 879.0 666.3 448.6 430.5 12

13 Credit unions 219.7 249.7 281.5 314.7 317.9 319.0 13

14 Life insurance companies 7.5 10.3 9.4 8.8 5.6 5.4 14

15 Private pension funds 1.4 1.3 1.2 1.3 2.0 2.1 15

16 State and local govt. retirement funds 5.9 5.2 3.5 3.4 3.3 3.4 16

17 Government-sponsored enterprises 453.9 457.6 447.9 455.9 444.1 4705.0 17

18 Agency- and GSE-backed mortgage pools 3446.4 3749.1 4371.8 4864.0 5266.5 1094.5 18

19 ABS issuers 1621.9 2140.8 2177.2 1865.4 1528.6 1266.4 19

20 Finance companies 489.8 538.1 472.7 375.4 327.7 276.9 20

21 REITs 127.4 103.7 79.2 36.7 27.5 19.7 21

 Memo:

22 Home equity loans included above (2) 914.8 1066.1 1130.9 1114.3 1032.1 948.9 22

23 Commercial banking 549.0 653.6 692.3 776.1 761.7 709.6 23

24 Savings institutions 151.6 137.6 180.5 119.5 80.0 74.0 24

25 Credit unions 75.9 86.9 94.1 98.7 94.6 88.0 25

26 ABS issuers 40.4 80.4 69.5 45.0 30.3 22.0 26

27 Finance companies 98.0 107.6 94.5 75.1 65.5 55.4 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

 1 Total liabilities 666.8 707.5 786.8 837.3 848.5 841.2 1

 2 Nonfinancial corporate business 34.4 36.5 38.3 39.7 40.9 40.3 2

 3 Nonfarm noncorporate business 607.6 645.9 725.8 772.6 780.8 773.0 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 24.8 25.1 22.7 25.1 26.8 28.0 5

 6 Total assets 666.8 707.5 786.8 837.3 848.5 841.2 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 1.1 0.9 0.6 0.5 0.4 0.3 8

 9 Nonfarm noncorporate business 12.3 11.7 14.3 13.3 12.3 11.7 9

10 State and local governments 60.8 66.6 69.4 68.3 72.0 74.3 10

11 Federal government 14.9 14.8 14.4 14.5 14.7 14.4 11

12 Commercial banking 138.7 157.6 168.4 215.1 211.0 197.1 12

13 Savings institutions 98.4 95.8 92.7 65.2 59.9 61.3 13

14 Life insurance companies 42.4 46.1 51.8 51.8 48.5 47.3 14

15 Private pension funds 2.1 2.0 2.1 2.4 2.7 3.2 15

16 State and local govt. retirement funds 4.9 4.3 2.9 2.8 2.8 2.7 16

17 Government-sponsored enterprises 93.0 105.4 147.7 187.7 204.4 256.5 17

18 Agency- and GSE-backed mortgage pools 101.3 88.8 88.1 92.8 105.4 68.1 18

19 ABS issuers 89.4 103.4 124.0 113.2 107.4 98.7 19

20 Finance companies 5.6 5.1 5.1 5.8 5.1 4.1 20

21 REITs 1.9 5.0 5.2 3.9 1.9 1.7 21
88 FFA, 2005-2010, March 10, 2011

L.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 1916.5 2191.3 2448.9 2565.4 2473.7 2312.5 1

 2 Household sector 187.4 214.3 240.1 211.5 202.5 180.0 2

 3 Nonfinancial corporate business 685.4 758.3 792.5 764.9 736.9 677.4 3

 4 Nonfarm noncorporate business 923.0 1091.8 1282.2 1450.5 1394.2 1314.1 4

 5 REITs 120.7 127.0 134.0 138.4 140.1 141.0 5

 6 Total assets 1916.5 2191.3 2448.9 2565.4 2473.7 2312.5 6

 7 Household sector 14.9 17.0 19.1 20.0 19.2 16.7 7

 8 Nonfinancial corporate business 26.3 23.0 15.8 13.0 10.0 7.0 8

 9 Nonfarm noncorporate business 9.9 9.5 11.5 10.7 9.9 9.4 9

10 State and local governments 12.2 13.3 13.9 13.7 14.4 15.4 10

11 Federal government 45.2 48.9 51.0 61.4 67.8 64.1 11

12 Commercial banking 989.4 1123.2 1223.6 1328.5 1296.0 1197.6 12

13 Savings institutions 100.0 112.4 121.5 128.1 123.9 122.2 13

14 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 14

15 Life insurance companies 224.3 235.4 252.2 267.1 257.7 251.4 15

16 Private pension funds 6.3 6.2 6.8 7.4 8.9 9.8 16

17 State and local govt. retirement funds 5.6 4.9 3.3 3.2 3.2 3.2 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 417.1 515.8 634.5 605.5 563.9 522.2 19

20 Finance companies 46.0 51.1 54.0 66.6 64.6 59.5 20

21 REITs 16.8 27.1 37.0 35.3 29.8 29.9 21

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities (Farm business) 104.8 108.0 112.7 133.6 134.5 132.6 1

 2 Total assets 104.8 108.0 112.7 133.6 134.5 132.6 2

 3 Household sector 6.7 2.2 -0.0 0.7 0.1 0.4 3

 4 Nonfarm noncorporate business 0.7 0.7 0.8 0.8 0.7 0.7 4

 5 State and local governments 1.5 1.7 1.0 0.7 0.7 0.7 5

 6 Federal government 3.2 3.2 3.3 3.5 3.9 4.3 6

 7 Commercial banking 37.9 40.1 41.9 49.7 50.3 49.5 7

 8 Savings institutions 0.6 0.7 0.9 0.9 0.9 0.9 8

 9 Life insurance companies 11.3 12.0 12.8 14.7 14.2 14.0 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 42.0 44.2 47.6 57.9 59.2 58.4 11

12 Agency- and GSE-backed mortgage pools 0.8 3.2 4.5 4.7 4.5 3.7 12

(1) Excludes mortgages on farm houses.
FFA, 2005-2010, March 10, 2011 89

L.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities (Households) 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 1

 2 Total assets 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 2

 3 Nonfinancial corporate business 59.6 57.6 58.6 59.8 57.2 56.2 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 89.8 91.7 98.4 111.0 186.0 317.1 5

 6 Commercial banking 707.0 741.2 804.1 878.6 855.3 1098.7 6

 7 Savings institutions 109.1 95.5 90.8 86.3 77.5 86.8 7

 8 Credit unions 228.6 234.5 235.7 236.2 237.2 226.5 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 609.9 661.1 683.7 646.4 577.9 130.7 10

11 Finance companies 516.5 534.4 584.1 575.8 487.8 518.6 11

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 3003.6 3195.9 3398.0 3223.9 3228.8 3445.9 1

 2 Household sector 186.3 199.9 214.5 230.2 241.2 259.3 2

 3 Nonfinancial corporate business 1699.4 1813.0 1898.9 1669.0 1611.9 1794.8 3

 4 Nonfarm noncorporate business 329.4 349.4 378.7 366.8 333.3 313.8 4

 5 Farm business 6.3 -0.7 -4.8 19.8 24.5 15.5 5

 6 State and local governments 482.0 516.4 553.5 593.0 631.4 670.5 6

 7 Federal government 202.7 208.9 238.2 260.7 255.3 279.2 7

 8 Rest of the world 54.5 60.7 73.1 63.2 61.2 94.7 8

 9 Brokers and dealers 43.1 48.3 45.8 21.2 70.1 18.1 9

10 Total trade receivables 2993.6 3036.7 3285.2 3103.1 2899.8 2991.5 10

11 Nonfinancial corporate business 2108.2 2090.0 2253.0 2081.1 1963.0 2056.4 11

12 Nonfarm noncorporate business 430.9 470.9 525.6 522.7 482.5 459.1 12

13 State and local governments 144.7 158.5 165.3 162.5 171.5 183.5 13

14 Federal government 71.0 59.4 60.6 64.7 43.6 43.1 14

15 Rest of the world 56.9 62.8 83.6 89.9 95.0 113.9 15

16 Property-casualty insurance companies 82.1 87.0 85.4 86.7 83.0 83.8 16

17 ABS issuers 99.8 108.3 111.7 95.5 61.3 51.8 17

18 Discrepancy 10.0 159.2 112.8 120.7 329.1 454.4 18

L.224 Security Credit

Billions of dollars

 1 Total liabilities 1038.4 1249.9 1526.4 1128.5 1091.2 1214.7 1

 2 Household sector 232.4 292.1 325.5 164.8 203.0 278.2 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 806.0 957.8 1200.9 963.6 888.2 936.6 4

 5 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 5

 6 From U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 152.2 6

 7 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 7

 8 Total assets 1038.4 1249.9 1526.4 1128.5 1091.2 1214.7 8

 9 Household sector 575.3 655.7 866.4 742.7 668.6 694.3 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 230.7 302.2 334.5 221.0 219.6 242.3 11

12 Brokers and dealers 232.4 292.1 325.5 164.8 203.0 278.2 12
90 FFA, 2005-2010, March 10, 2011

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Life insurance reserves:

 1 Total liabilities 1082.6 1163.7 1201.5 1179.8 1242.1 1328.9 1

 2 Federal government 42.7 44.2 45.4 46.4 47.5 48.4 2

 3 Life insurance companies 1039.9 1119.5 1156.1 1133.4 1194.5 1280.5 3

 4 Total assets (Households) 1082.6 1163.7 1201.5 1179.8 1242.1 1328.9 4

 Pension fund reserves:

 5 Total liabilities 11460.1 12750.6 13390.7 10408.5 11914.5 13024.7 5

 6 Life insurance companies 2197.4 2332.4 2450.8 2184.6 2323.0 2472.7 6

 7 Private pension funds (1) 5427.8 6120.5 6444.8 4588.0 5507.4 6116.1 7

 8 State and local govt. retirement funds 2763.4 3156.6 3297.9 2414.7 2759.8 3020.6 8

 9 Federal government retirement funds (2) 1071.5 1141.1 1197.2 1221.2 1324.4 1415.4 9

10 Total assets (Households) (3) 11460.1 12750.6 13390.7 10408.5 11914.5 13024.7 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 214.5 237.0 167.7 44.0 39.8 38.8 1

 2 Nonfinancial corporate business 86.2 85.4 35.8 39.0 36.4 44.1 2

 3 Nonfarm noncorporate business 86.7 95.7 99.5 106.2 98.5 94.0 3

 4 U.S.-chartered commercial banks 25.8 24.7 11.1 -74.6 -67.5 -60.8 4

 5 Savings institutions 3.6 3.3 1.3 1.0 1.3 1.0 5

 6 Property-casualty insurance companies -1.6 9.4 7.0 -21.1 -15.8 -17.6 6

 7 Life insurance companies -5.3 -1.3 -4.7 -24.4 -31.4 -38.7 7

 8 Finance companies 16.9 17.0 15.5 15.4 12.7 13.1 8

 9 Brokers and dealers 2.1 2.8 2.2 2.5 5.7 3.6 9

10 Total business taxes receivable 232.6 285.1 342.5 389.3 416.1 448.9 10

11 State and local governments 141.0 189.0 237.5 269.8 280.9 298.0 11

12 Federal government 91.6 96.1 105.0 119.4 135.1 150.8 12

13 Discrepancy -18.1 -48.1 -174.8 -345.3 -376.2 -410.1 13

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 8261.4 8712.9 8685.4 6996.1 6011.3 6250.7 1

 2 Nonfarm noncorporate business 6873.8 7221.8 7085.7 5470.3 4487.1 4625.3 2

 3 Farm business 1375.9 1481.3 1588.0 1516.3 1512.1 1608.9 3

 4 Brokers and dealers 11.7 9.8 11.6 9.5 12.1 16.5 4
FFA, 2005-2010, March 10, 2011 91

L.228 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 14270.6 15726.9 17556.4 19850.7 20163.1 20650.8 1

 2 Household sector 22.4 22.8 23.9 27.0 22.1 22.2 2

 3 Nonfinancial corporate business 3869.5 3927.8 4232.7 4472.6 4545.9 4645.9 3

 4 Nonfarm noncorporate business 861.2 1006.1 1099.9 1213.9 1327.2 1376.4 4

 5 Federal government 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 5

 6 Rest of the world 3468.1 4151.0 4881.5 5600.8 5726.4 5828.8 6

 7 Monetary authority 15.3 18.5 21.0 23.1 29.2 58.4 7

 8 Commercial banking 1388.5 1486.2 1757.2 2552.1 2413.6 2579.6 8

 9 Savings institutions 60.5 80.2 102.4 72.3 21.8 33.4 9

10 Credit unions 11.9 9.2 3.6 4.7 19.4 10.6 10

11 Property-casualty insurance companies 759.3 815.7 813.8 821.2 829.7 836.6 11

12 Life insurance companies 824.0 925.9 1010.6 905.0 985.6 1078.4 12

13 Government-sponsored enterprises 141.8 153.4 171.1 212.1 270.4 182.5 13

14 Finance companies 702.8 715.7 654.4 664.8 573.6 565.7 14

15 REITs 54.7 62.4 65.8 62.1 39.3 37.2 15

16 Brokers and dealers 405.5 519.5 559.5 429.5 470.8 480.7 16

17 Funding corporations 721.4 815.1 1064.9 1605.9 1626.5 1565.0 17

18 Total assets 19593.8 22281.0 24761.6 24782.6 25275.8 25794.7 18

19 Household sector 608.7 646.1 712.2 766.4 787.1 833.8 19

20 Nonfinancial corporate business 8140.4 8901.1 9838.7 9312.3 9514.2 10219.7 20

21 Nonfarm noncorporate business 1265.5 1644.4 1972.8 2079.4 1919.4 1826.7 21

22 Farm business 44.5 48.6 52.0 53.8 55.5 56.6 22

23 State and local governments 30.0 -10.5 -11.6 4.5 24.0 99.2 23

24 Federal government 133.7 136.8 138.7 110.8 145.8 142.5 24

25 Rest of the world 3177.5 3977.7 4544.5 4154.1 4359.8 4283.3 25

26 Monetary authority 18.1 17.0 40.5 569.8 75.9 83.1 26

27 Commercial banking 2223.7 2411.9 2615.6 3506.3 4022.2 3960.7 27

28 Savings institutions 107.9 109.3 115.5 90.0 74.9 69.8 28

29 Credit unions 24.2 24.9 35.9 44.2 50.6 59.1 29

30 Property-casualty insurance companies 103.3 105.5 121.1 106.6 131.1 133.1 30

31 Life insurance companies 262.1 303.3 342.9 380.1 357.6 380.0 31

32 Private pension funds 480.2 532.5 567.1 426.5 533.3 556.7 32

33 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 16.9 33

34 Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 34

35 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 66.9 35

36 Mutual funds 10.7 14.0 16.8 20.0 14.9 -4.1 36

37 Government-sponsored enterprises 117.8 114.7 141.7 95.0 66.8 41.9 37

38 Finance companies 46.7 16.4 18.2 30.0 61.9 42.2 38

39 REITs 51.9 59.7 55.4 54.7 60.7 78.7 39

40 Brokers and dealers 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 40

41 Funding corporations 602.8 633.9 751.5 793.5 726.3 679.6 41

42 Discrepancy -5323.2 -6554.1 -7205.2 -4931.9 -5112.7 -5143.9 42
92 FFA, 2005-2010, March 10, 2011

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2651.7 2948.2 3552.9 3742.8 4051.2 4379.8 1

 2 Asset: Nonfinancial corporate business 2205.7 2440.7 2892.7 3006.3 3261.6 3545.3 2

 3 Commercial banking 104.9 95.9 150.3 192.3 223.1 237.5 3

 4 Property-casualty insurance companies 103.3 105.5 121.1 106.6 131.1 133.1 4

 5 Life insurance companies 19.1 20.0 25.6 25.1 29.8 34.4 5

 6 Finance companies 17.7 42.0 177.9 226.2 243.7 257.3 6

 7 Brokers and dealers 201.1 244.1 185.3 186.4 161.9 172.2 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1549.4 1722.7 2014.5 2176.5 2253.5 2422.4 8

 9 Nonfarm noncorporate business 3.3 3.6 3.5 3.2 3.4 3.3 9

10 Commercial banking 130.2 135.4 107.2 92.6 111.9 122.3 10

11 Property-casualty insurance companies 60.1 99.9 79.3 61.4 74.8 78.0 11

12 Life insurance companies 65.8 71.3 70.0 59.6 74.4 83.0 12

13 Finance companies 38.8 51.1 62.7 57.7 58.8 60.0 13

14 Brokers and dealers 49.9 61.0 63.7 60.2 85.2 86.0 14

15 Funding corporations 8.4 9.0 9.6 10.2 10.8 11.4 15

16 Asset: Rest of the world 1906.0 2154.1 2410.5 2521.4 2672.8 2866.4 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 43.2 45.3 46.9 48.3 50.0 53.3 17

18 Asset: Federal government 43.2 45.3 46.9 48.3 50.0 53.3 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 13.5 15.3 18.5 21.1 25.6 26.5 19

20 Asset: Commercial banking 13.5 15.3 18.5 21.1 25.6 26.5 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 46.7 46.9 56.0 55.7 51.8 50.7 21

22 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Nonfarm noncorporate (Farm Credit System) 1.8 1.9 2.2 4.1 4.8 4.8 23

24 Farm business (Farm Credit System) 2.8 3.0 3.6 2.0 2.0 2.5 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Commercial banks (FHLB) 20.2 22.9 26.7 25.6 24.7 24.0 26

27 Savings institutions (FHLB) 18.5 15.6 18.8 18.0 15.0 14.0 27

28 Credit unions (FHLB) 1.8 1.9 2.5 2.8 2.4 2.4 28

29 Life insurance companies (FHLB) 1.6 1.6 2.2 3.2 2.9 2.9 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 897.0 1067.0 1197.8 1244.4 1413.5 1430.1 30

31 Savings institutions 22.7 10.7 10.9 13.4 24.0 23.0 31

32 Life insurance companies 35.6 38.3 43.7 31.2 40.5 62.7 32

33 Finance companies 195.2 198.5 239.9 232.6 209.3 198.8 33

34 Brokers and dealers 130.5 159.9 49.9 109.2 635.3 609.6 34

35 Asset: Bank holding companies 1281.0 1474.4 1542.2 1630.9 2322.6 2324.3 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 117.0 140.1 81.5 80.5 71.2 67.6 36

37 Asset: Nonfinancial corporate business 117.0 140.1 81.5 80.5 71.2 67.6 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 188.8 197.3 241.0 276.6 203.1 171.6 38

39 Brokers and dealers 414.0 436.5 510.5 516.9 523.2 508.0 39

40 Asset: Funding corporations 602.8 633.9 751.5 793.5 726.3 679.6 40

 Equity investment under Public-Private Inv. Program:

41 Liab.: Funding corporations 0.0 0.0 0.0 0.0 1.8 7.7 41

42 Asset: Households (1) 0.0 0.0 0.0 0.0 0.9 3.8 42

43 Federal government 0.0 0.0 0.0 0.0 0.9 3.8 43

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
FFA, 2005-2010, March 10, 2011 93

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.6 0.6 24.5 554.2 10.9 0.9 1

 2 Asset: Federal government 0.6 0.6 0.5 0.5 0.7 0.9 2

 3 Monetary authority (1) 0.0 0.0 24.0 553.7 10.3 0.1 3

 Postal Savings System deposits:

 4 Liab.: Federal government 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.2 19.0 20.9 15.5 15.9 19.0 6

 7 Asset: Savings institutions 19.2 19.0 20.9 15.5 15.9 19.0 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.4 22.8 23.9 27.0 22.1 22.2 8

 9 Asset: Life insurance companies 22.4 22.8 23.9 27.0 22.1 22.2 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 217.3 232.1 247.6 265.2 273.6 293.6 10

11 Accident and health 138.3 149.8 163.3 182.7 192.4 211.6 11

12 Policy dividend accumulation 42.7 43.5 43.7 40.4 39.2 37.6 12

13 Contract claims 36.3 38.8 40.6 42.1 42.0 44.3 13

14 Asset: Household sector 217.3 232.1 247.6 265.2 273.6 293.6 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 758.6 15

16 Asset: Household sector 316.0 320.5 327.3 337.3 332.2 333.5 16

17 Nonfinancial corporate business 276.2 282.7 290.1 300.0 298.2 299.7 17

18 Nonfarm noncorporate business 65.3 66.9 68.6 70.7 71.0 71.3 18

19 Farm business 41.7 45.6 48.5 51.8 53.5 54.1 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 338.4 387.9 431.3 317.6 412.8 451.1 20

21 Asset: Private pension funds 338.4 387.9 431.3 317.6 412.8 451.1 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 44.8 42.8 47.2 47.9 50.5 49.2 22

23 Asset: Private pension funds 44.8 42.8 47.2 47.9 50.5 49.2 23

 Securities borrowed (net):

24 Liab.: Funding corporations 939.7 1242.3 1240.2 887.0 856.8 733.4 24

25 Asset: Brokers and dealers 939.7 1242.3 1240.2 887.0 856.8 733.4 25

 Nonmarketable government securities:

26 Liab.: Federal government 882.9 918.7 952.0 1015.3 1077.2 1142.9 26

27 Asset: Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 27

 Retiree health care funds (2):

28 Liab.: Federal government 75.4 93.5 137.3 163.8 180.4 202.9 28

29 Asset: Household sector 75.4 93.5 137.3 163.8 180.4 202.9 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.
94 FFA, 2005-2010, March 10, 2011

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 4368.9 4593.4 5237.1 6903.2 6534.8 6521.1 1

 2 Nonfinancial corporate business 2275.3 2162.3 2171.0 2248.2 2242.0 2174.2 2

 3 Nonfarm noncorporate business 857.9 1002.5 1096.4 1210.7 1323.8 1373.1 3

 4 Federal government 5.4 5.1 4.9 4.3 4.0 3.6 4

 5 Rest of the world 772.6 1157.1 1257.3 1255.4 1614.3 1394.8 5

 6 Monetary authority 1.8 3.2 2.5 2.1 3.6 31.9 6

 7 Commercial banking 172.6 86.4 211.1 938.5 685.0 855.6 7

 8 U.S.-chartered commercial banks -30.4 -67.8 -94.7 13.6 -4.4 171.5 8

 9 Foreign banking offices in U.S. -55.1 -177.9 -48.7 480.2 116.5 145.4 9

10 Bank holding companies 216.0 294.4 328.3 422.9 548.0 518.7 10

11 Banks in U.S.-affiliated areas 42.2 37.7 26.2 21.7 25.0 20.0 11

12 Savings institutions 37.8 69.5 91.5 58.9 -2.2 10.4 12

13 Credit unions 11.9 9.2 3.6 4.7 19.4 10.6 13

14 Life insurance companies 166.9 196.3 218.1 231.5 184.4 188.1 14

15 Government-sponsored enterprises 75.9 87.6 94.3 141.0 202.8 112.8 15

16 Finance companies 351.8 326.0 270.3 294.0 234.3 239.2 16

17 REITs 54.7 62.4 65.8 62.1 39.3 37.2 17

18 Brokers and dealers -188.9 -137.9 -64.6 -256.8 -773.0 -723.0 18

19 Funding corporations -226.8 -436.2 -185.0 708.6 757.1 812.5 19

20 Total assets 9692.2 11147.5 12442.3 11835.1 11647.5 11665.0 20

21 Nonfinancial corporate business 5541.5 6037.6 6574.3 5925.6 5883.3 6307.1 21

22 Nonfarm noncorporate business 1198.4 1575.6 1902.0 2004.7 1843.7 1750.5 22

23 State and local governments 30.0 -10.5 -11.6 4.5 24.0 99.2 23

24 Federal government 89.9 91.0 91.4 62.0 94.3 84.5 24

25 Rest of the world 1271.5 1823.7 2134.0 1632.8 1687.0 1416.9 25

26 Monetary authority 18.1 17.0 16.5 16.1 65.6 83.0 26

27 Commercial banking 804.1 803.4 878.0 1636.4 1426.1 1348.4 27

28 U.S.-chartered commercial banks 563.9 667.1 689.4 990.7 801.6 710.5 28

29 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.8 139.5 143.7 29

30 Bank holding companies 210.6 250.0 281.4 374.8 478.5 483.1 30

31 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.1 31

32 Savings institutions 70.2 74.7 75.7 56.6 44.0 36.8 32

33 Credit unions 22.4 23.0 33.4 41.5 48.3 56.7 33

34 Life insurance companies 219.0 258.9 291.2 324.8 302.8 320.4 34

35 Private pension funds 97.0 101.8 88.6 61.0 70.0 56.4 35

36 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 16.9 36

37 Mutual funds 10.7 14.0 16.8 20.0 14.9 -4.1 37

38 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 66.9 38

39 Government-sponsored enterprises 117.8 114.7 141.7 95.0 66.8 41.9 39

40 Finance companies 29.0 -25.6 -159.7 -196.2 -181.8 -215.0 40

41 REITs 51.9 59.7 55.4 54.7 60.7 78.7 41

42 Brokers and dealers 61.8 113.0 208.1 32.2 122.4 119.8 42

43 Discrepancy -5323.2 -6554.1 -7205.2 -4931.9 -5112.7 -5143.9 43
FFA, 2005-2010, March 10, 2011 95

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Assets 71548.6 77488.5 78546.0 65532.1 67690.3 70740.4 1

 2 Tangible assets 28335.0 29513.6 27986.3 24356.0 23566.8 23101.2 2

 3 Real estate 24050.3 25021.5 23311.3 19560.0 18732.2 18187.4 3

 4 Households (2,3) 22005.2 22687.7 20879.4 17470.3 17081.0 16370.4 4

 5 Nonprofit organizations 2045.0 2333.8 2431.9 2089.6 1651.3 1817.0 5

 Equipment and software owned by

 6 nonprofit organizations (4) 207.8 224.1 240.4 262.9 274.0 295.7 6

 7 Consumer durable goods (4) 4077.0 4268.1 4434.6 4533.1 4560.6 4618.1 7

 8 Financial assets 43213.6 47974.9 50559.7 41176.1 44123.5 47639.2 8

 9 Deposits 6139.9 6753.1 7407.1 8013.1 7894.9 7930.9 9

10 Foreign deposits 59.9 65.2 80.6 56.5 46.2 51.1 10

11 Checkable deposits and currency 216.9 173.1 90.3 292.0 363.4 326.7 11

12 Time and savings deposits 4913.9 5400.4 5888.5 6082.8 6172.3 6421.7 12

13 Money market fund shares 949.2 1114.5 1347.7 1581.8 1313.0 1131.4 13

14 Credit market instruments 3323.5 3461.1 4072.5 3966.2 4106.0 4354.7 14

15 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 15

16 Treasury securities 464.3 384.1 255.6 247.7 770.3 1078.7 16

17 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 17

18 Other Treasury 259.2 181.7 59.2 53.7 579.1 890.8 18

19 Agency- and GSE-backed securities 493.4 403.6 669.0 711.4 82.6 77.9 19

20 Municipal securities 820.9 872.0 896.1 903.4 1010.5 1095.9 20

21 Corporate and foreign bonds 1298.5 1552.7 2017.1 1956.2 2081.0 1918.6 21

22 Other loans and advances (5) 8.7 9.1 17.6 29.7 24.5 27.9 22

23 Mortgages 139.4 122.1 109.8 111.8 102.5 92.3 23

24 Corporate equities (2) 8093.0 9643.7 9627.0 5777.5 7321.4 8513.6 24

25 Mutual fund shares (6) 3669.1 4188.1 4596.8 3325.9 4177.6 4707.6 25

26 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 26

27 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1328.9 27

28 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13024.7 28

29 Equity in noncorporate business (7) 8261.4 8712.9 8685.4 6996.1 6011.3 6250.7 29

30 Miscellaneous assets 608.7 646.1 712.2 766.4 787.1 833.8 30

31 Liabilities 12184.0 13444.4 14367.2 14223.3 14033.0 13917.6 31

32 Credit market instruments 11742.9 12929.5 13803.2 13801.2 13566.7 13357.9 32

33 Home mortgages (8) 8874.3 9865.0 10539.9 10495.5 10339.8 10069.6 33

34 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.6 34

35 Municipal securities (9) 205.2 224.1 241.2 249.3 264.1 268.2 35

36 Bank loans n.e.c. 36.4 86.4 99.7 117.7 147.7 269.4 36

37 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.2 37

38 Commercial mortgages (9) 187.4 214.3 240.1 211.5 202.5 180.0 38

39 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 39

40 Trade payables (9) 186.3 199.9 214.5 230.2 241.2 259.3 40

 Deferred and unpaid

41 life insurance premiums 22.4 22.8 23.9 27.0 22.1 22.2 41

42 Net worth 59364.6 64044.2 64178.8 51308.8 53657.3 56822.8 42

 Memo:

 Replacement-cost value of structures:

43 Residential 13475.1 14440.6 14660.2 14406.2 14091.7 14080.7 43

44 Households 13275.9 14229.3 14445.1 14191.1 13881.7 13871.1 44

45 Nonprofit organizations 199.3 211.3 215.1 215.0 210.0 209.5 45

46 Nonresidential (nonprofits) 1177.5 1284.3 1353.6 1424.3 1372.5 1458.5 46

47 Disposable personal income (SAAR) 9277.3 9915.7 10423.6 10952.9 11034.9 11377.5 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 639.9 645.9 615.7 468.4 486.3 499.4 48

 Owners’ equity in household real

49 estate (10) 13130.9 12822.6 10339.5 6974.9 6741.2 6300.9 49

 Owners’ equity as percentage of

50 household real estate (11) 59.7 56.5 49.5 39.9 39.5 38.5 50

(1) Sector includes farm households and domestic hedge funds.

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

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

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

(7) Net worth of noncorporate business (table B.103, line 31) and owners’ equity in farm business and unincorporated security brokers and dealers.

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

(9) Liabilities of nonprofit organizations.

(10) Line 4 less line 33.

(11) Line 49 divided by line 4.
96 FFA, 2005-2010, March 10, 2011

B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 With tangible assets stated at either market value or replacement cost:

 1 Assets 24625.6 27001.0 28813.0 26808.2 25164.9 27023.6 1

 2 Tangible assets 12752.0 14371.3 15094.7 13922.4 11901.1 12786.6 2

 3 Real estate (1) 7602.7 8886.2 9339.4 8073.9 6211.3 6914.7 3

 4 Equipment and software (2) 3591.8 3820.7 3960.6 4103.1 4032.9 4075.5 4

 5 Inventories (2) 1557.5 1664.4 1794.7 1745.3 1656.8 1796.3 5

 6 Financial assets 11873.5 12629.7 13718.3 12885.8 13263.8 14237.0 6

 7 Foreign deposits 63.6 49.3 50.3 24.7 33.7 67.4 7

 8 Checkable deposits and currency 267.8 150.9 141.9 32.7 184.7 354.3 8

 9 Time and savings deposits 450.4 497.0 441.3 381.9 529.7 514.7 9

10 Money market fund shares 348.2 416.3 544.4 702.6 630.8 537.3 10

11 Security RPs 14.6 15.5 8.1 7.2 9.7 11.2 11

12 Commercial paper 111.0 122.7 69.5 57.3 42.6 59.2 12

13 Treasury securities 52.1 45.5 38.3 30.5 45.0 53.3 13

14 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 11.7 14.4 14

15 Municipal securities 32.1 28.1 29.2 26.2 25.9 25.7 15

16 Mortgages 68.3 59.8 41.4 33.6 25.9 18.2 16

17 Consumer credit 59.6 57.6 58.6 59.8 57.2 56.2 17

18 Trade receivables 2108.2 2090.0 2253.0 2081.1 1963.0 2056.4 18

19 Mutual fund shares (1) 140.0 180.7 191.1 125.8 189.7 248.8 19

20 Miscellaneous assets 8140.4 8901.1 9838.7 9312.3 9514.2 10219.7 20

21 Liabilities 11145.3 11781.9 12872.6 13173.3 13192.4 13863.0 21

22 Credit market instruments 5490.2 5955.7 6705.1 6992.8 6998.1 7378.3 22

23 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 23

24 Municipal securities (3) 176.8 182.2 190.3 192.9 198.4 206.7 24

25 Corporate bonds (4) 3031.1 3246.7 3557.9 3762.5 4139.7 4559.6 25

26 Bank loans n.e.c. 508.7 518.3 609.9 663.6 542.6 529.1 26

27 Other loans and advances 932.5 1061.7 1350.2 1405.0 1260.9 1268.8 27

28 Mortgages 751.0 834.2 873.0 837.3 798.1 731.2 28

29 Trade payables 1699.4 1813.0 1898.9 1669.0 1611.9 1794.8 29

30 Taxes payable 86.2 85.4 35.8 39.0 36.4 44.1 30

31 Miscellaneous liabilities 3869.5 3927.8 4232.7 4472.6 4545.9 4645.9 31

32 Net worth (market value) 13480.2 15219.1 15940.4 13634.9 11972.4 13160.6 32

 Memo:

 Replacement-cost value of structures:

33 Residential 152.3 164.8 170.8 172.7 169.4 169.7 33

34 Nonresidential 5654.1 6150.9 6544.1 7089.7 6822.7 7238.0 34

 Market value of equities outstanding

35 (includes corporate farm equities) 12686.6 14602.3 15725.8 10037.0 12365.3 14490.4 35

36 Debt/net worth (percent) (5) 40.7 39.1 42.1 51.3 58.5 56.1 36

37 Debt/equities (percent) (6) 43.3 40.8 42.6 69.7 56.6 50.9 37

38 Equities/net worth (percent) (7) 94.1 95.9 98.7 73.6 103.3 110.1 38

 With tangible assets stated at historical cost:

39 Assets (8) 20001.0 21243.3 22816.4 22343.3 22724.6 24057.1 39

40 Tangible assets 8127.5 8613.6 9098.1 9457.5 9460.9 9820.0 40

41 Real estate 3294.1 3520.5 3801.3 4089.4 4267.8 4503.1 41

42 Equipment and software 3314.1 3478.9 3633.2 3738.7 3715.1 3762.3 42

43 Inventories 1519.3 1614.2 1663.6 1629.5 1478.0 1554.7 43

44 Net worth (historical cost) (9) 8855.7 9461.4 9943.8 9170.0 9532.2 10194.0 44

 Memo:

 Historical-cost value of structures:

45 Residential 64.0 68.7 73.1 76.6 78.8 80.8 45

46 Nonresidential 2854.3 3047.0 3290.4 3568.3 3749.7 3880.6 46

47 Debt/net worth (percent) (10) 62.0 62.9 67.4 76.3 73.4 72.4 47

 (1) At market value.

 (2) At replacement (current) cost.

 (3) 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.

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

 (5) Line 22 divided by line 32.

 (6) Line 22 divided by line 35.

 (7) Line 35 divided by line 32.

 (8) Sum of lines 6 and 40.

 (9) Line 39 less line 21.

 (10) Line 22 divided by line 44.
FFA, 2005-2010, March 10, 2011 97

B.103 Balance Sheet of Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Assets 10938.1 11868.6 12314.2 11129.2 9924.1 9893.5 1

 2 Tangible assets 8396.2 8811.4 8781.1 7500.2 6574.3 6705.6 2

 3 Real estate (1) 7817.1 8187.8 8123.3 6822.1 5907.8 6193.6 3

 4 Residential 6040.9 6118.3 5957.9 4961.6 4494.7 4645.0 4

 5 Nonresidential 1776.2 2069.4 2165.4 1860.5 1413.1 1548.6 5

 6 Equipment and software (2) 497.2 536.0 563.4 586.2 579.4 417.5 6

 7 Residential (3) 42.9 46.2 47.4 48.8 46.3 44.4 7

 8 Nonresidential 454.2 489.9 515.9 537.5 533.0 373.1 8

 9 Inventories (2) 82.0 87.6 94.5 91.9 87.2 94.5 9

10 Financial assets 2541.8 3057.2 3533.1 3629.0 3349.8 3187.9 10

11 Checkable deposits and currency 355.5 428.6 494.3 497.6 459.3 437.1 11

12 Time and savings deposits 324.1 344.4 359.3 358.1 330.5 314.6 12

13 Money market fund shares 69.0 72.2 74.3 75.4 69.6 66.2 13

14 Treasury securities 56.2 56.3 59.3 51.8 47.8 45.5 14

15 Municipal securities 4.4 5.8 5.3 4.9 4.5 4.3 15

16 Mortgages 36.2 34.6 42.1 39.1 36.1 34.4 16

17 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade receivables 430.9 470.9 525.6 522.7 482.5 459.1 18

19 Miscellaneous assets 1265.5 1644.4 1972.8 2079.4 1919.4 1826.7 19

20 Insurance receivables 65.3 66.9 68.6 70.7 71.0 71.3 20

21 Equity investment in GSEs (4) 1.8 1.9 2.2 4.1 4.8 4.8 21

22 Other 1198.4 1575.6 1902.0 2004.7 1843.7 1750.5 22

23 Liabilities 4064.3 4646.8 5228.4 5658.9 5437.0 5268.1 23

24 Credit market instruments 2786.9 3195.6 3650.3 3972.1 3678.1 3483.8 24

25 Bank loans n.e.c. 629.9 742.8 882.3 1000.0 804.6 727.8 25

26 Other loans and advances 149.5 163.9 174.9 208.1 199.5 205.6 26

27 Mortgages 2007.5 2288.9 2593.1 2764.0 2674.0 2550.4 27

28 Trade payables 329.4 349.4 378.7 366.8 333.3 313.8 28

29 Taxes payable 86.7 95.7 99.5 106.2 98.5 94.0 29

30 Miscellaneous liabilities 861.2 1006.1 1099.9 1213.9 1327.2 1376.4 30

31 Net worth (5) 6873.8 7221.8 7085.7 5470.3 4487.1 4625.3 31

 Memo:

 Replacement-cost value of structures:

32 Residential 2854.7 3025.2 3072.5 3047.3 2968.2 2955.5 32

33 Nonresidential 1182.1 1286.0 1362.1 1450.2 1381.3 1525.2 33

34 Debt/net worth (percent) (6) 40.5 44.2 51.5 72.6 82.0 75.3 34

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Line 1 less line 23. Included in table B.100, line 29.

(6) Line 24 divided by line 31.
98 FFA, 2005-2010, March 10, 2011

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Change in net worth (1) 6675.5 4679.6 134.7 -12870.1 2348.5 3165.5 1

 2 Net investment 324.1 171.8 674.9 825.7 463.0 1023.5 2

 3 Net physical investment 762.7 723.5 584.0 351.1 173.5 236.6 3

 4 Capital expenditures 1799.9 1819.3 1726.3 1526.8 1359.8 1408.6 4

 5 - Consumption of fixed capital 1037.2 1095.7 1142.3 1175.7 1186.3 1172.0 5

 6 Net lending (+) or net borrowing (-) -438.7 -551.8 90.9 474.6 289.5 786.9 6

 7 Net acquisition of financial assets 717.1 708.6 1013.7 325.8 99.2 641.4 7

 8 - Net increase in liabilities 1155.8 1260.4 922.8 -148.8 -190.3 -145.5 8

 Holding gains on assets

 9 at market value (2) 6342.4 4484.7 -580.6 -13567.6 1501.5 2151.0 9

10 Real estate 3089.5 477.6 -2060.7 -3959.9 -937.8 -617.5 10

11 Corporate equities 981.5 2135.7 831.3 -3737.7 1439.5 1295.4 11

12 Mutual fund shares 67.9 353.5 200.1 -1286.0 488.1 243.5 12

13 Equity in noncorporate business 1648.1 462.5 5.7 -1400.3 -918.2 214.7 13

14 Life insurance and pension fund reserves 555.4 1055.4 443.0 -3183.7 1430.2 1015.9 14

15 Equity investment under PPIP 0.0 0.0 0.0 0.0 -0.3 -1.0 15

 Holding gains on assets

16 at current cost (2) -44.5 -34.4 -52.3 -27.3 -36.1 -78.9 16

17 Consumer durable goods -45.1 -36.5 -52.4 -30.0 -35.2 -80.2 17

18 Equipment and software 0.7 2.1 0.1 2.7 -1.0 1.2 18

19 Other volume changes (3) 53.6 57.5 92.6 -100.9 420.0 69.9 19

 Memo:

20 Net worth outstanding (4) 59364.6 64044.2 64178.8 51308.8 53657.3 56822.8 20

21 Disposable personal income 9277.3 9915.7 10423.6 10952.9 11034.9 11377.5 21

(1) Sum of net investment (line 2), holding gains (lines 9 and 16), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
FFA, 2005-2010, March 10, 2011 99

R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Change in net worth (1) 2098.0 1738.9 721.3 -2305.5 -1662.4 1188.1 1

 2 Net investment -97.7 -344.8 -621.5 -990.5 51.1 -39.6 2

 3 Net physical investment 261.6 359.1 372.0 288.8 -75.1 153.4 3

 4 Capital expenditures 965.8 1112.8 1156.5 1112.7 803.9 998.5 4

 5 - Consumption of fixed capital 735.0 791.7 831.8 868.0 867.1 863.3 5

 6 - Inventory valuation adjustment -30.7 -38.0 -47.2 -44.1 11.9 -18.1 6

 7 Net lending (+) or net borrowing (-) -17.5 -138.2 -206.6 -943.3 190.7 81.1 7

 8 Net acquisition of financial assets 943.7 698.3 1070.6 -612.6 282.8 908.0 8

 9 - Net increase in liabilities 961.2 836.5 1277.3 330.7 92.1 827.0 9

10 Net corporate equity issues -341.8 -565.7 -786.8 -336.0 -64.6 -274.0 10

 Holding gains on assets

11 at market value (2) 1591.2 1174.1 283.2 -1498.9 -1916.2 588.9 11

12 Real estate 1582.8 1158.3 273.1 -1439.7 -1940.2 569.7 12

13 Mutual fund shares 8.4 15.8 10.1 -59.2 24.0 19.2 13

 Holding gains on assets less

14 liabilities at current cost (2) 142.7 138.5 203.0 -80.1 50.4 74.7 14

15 Equipment and software 66.0 96.4 8.1 62.6 -26.7 12.5 15

16 Inventories (3) 31.3 8.6 54.7 -52.8 47.9 62.1 16

17 Direct investment abroad 86.3 15.9 145.0 -162.7 5.5 -0.0 17

18 - Foreign direct investment in U.S. 41.0 -17.7 4.8 -72.8 -23.7 0.0 18

19 Other volume changes (4) 461.8 771.0 856.6 264.0 152.3 564.2 19

 Memo:

20 Net worth outstanding (5) 13480.2 15219.1 15940.4 13634.9 11972.4 13160.6 20

(1) Sum of net investment (line 2), holding gains (lines 12 and 15), and other volume changes (line 20).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.102, line 32.
100 FFA, 2005-2010, March 10, 2011

R.103 Change in Net Worth of Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Change in net worth (1) 1451.8 348.0 -136.0 -1615.5 -983.2 138.3 1

 2 Net capital transfers paid -13.1 0.0 0.0 -3.3 -6.0 -7.8 2

 3 Net investment -17.8 22.3 -31.6 -281.9 -59.3 33.5 3

 4 Net physical investment 81.0 89.5 74.5 53.0 -1.9 25.4 4

 5 Capital expenditures 230.7 251.4 260.5 246.0 190.2 216.1 5

 6 - Consumption of fixed capital 149.7 162.0 186.0 193.0 192.2 190.7 6

 7 Net lending (+) or net borrowing (-) -68.0 -89.5 -74.5 -49.7 7.9 -17.6 7

 8 Net acquisition of financial assets 436.2 515.3 475.9 95.9 -279.2 -161.9 8

 9 - Net increase in liabilities 504.2 604.8 550.4 145.7 -287.1 -144.3 9

10 Proprietor’s net investment (2) -30.9 22.3 -31.6 -285.2 -65.3 25.7 10

11 Holding gains on real estate (3) 1496.0 327.2 -112.2 -1335.6 -918.5 287.8 11

12 Residential 1120.5 50.3 -181.5 -1002.7 -463.0 153.6 12

13 Nonresidential 375.4 276.9 69.3 -332.9 -455.5 134.2 13

14 Holding gains on assets at current cost (3) -1.7 -1.5 7.4 6.1 -5.5 -181.9 14

15 Residential equipment and software 1.3 1.2 -0.3 0.2 -2.8 -2.4 15

16 Nonresidential equipment and software -6.3 -5.1 2.3 6.3 -4.6 -183.7 16

17 Inventories 3.3 2.5 5.4 -0.5 1.9 4.2 17

18 Other volume changes (4) -11.6 -0.1 0.4 -0.7 6.1 6.7 18

 Memo:

19 Net worth outstanding (5) 6873.8 7221.8 7085.7 5470.3 4487.1 4625.3 19

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 18).

(2) Shown on table F.103, line 30.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 31.
FFA, 2005-2010, March 10, 2011 101

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Current receipts, NIPA basis 3659.3 3995.2 4197.0 4074.0 3726.9 3966.9 1

 2 Personal current taxes 1208.6 1352.4 1488.7 1438.2 1140.0 1167.1 2

 3 Taxes on production and imports 930.2 986.8 1027.2 1045.1 1024.7 1058.1 3

 4 Taxes on corporate income 395.9 454.2 420.6 280.2 231.4 374.0 4

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

 6 Contributions for govt. social insurance 877.4 926.4 964.2 992.1 975.1 1009.5 6

 7 Income receipts on assets 111.9 129.6 144.2 146.9 162.2 163.3 7

 8 Current transfer receipts 126.7 136.0 149.2 171.4 193.5 195.6 8

 9 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.7 -13.2 -13.3 9

10 Current expenditures, NIPA basis 3916.4 4147.9 4430.0 4737.7 4998.8 5282.9 10

11 Consumption expenditures 1977.9 2093.3 2217.8 2382.8 2411.5 2490.7 11

12 Government social benefits 1494.0 1596.1 1701.2 1857.8 2112.3 2273.5 12

13 Other current transfer payments 40.9 34.9 42.2 44.8 52.7 58.4 13

14 Interest payments 342.7 372.2 414.3 399.4 362.0 401.2 14

15 Subsidies 60.9 51.4 54.6 52.8 60.3 59.0 15

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

17 Net government saving, NIPA basis -257.1 -152.7 -233.0 -663.6 -1271.8 -1316.0 17

18 + Consumption of fixed capital 250.6 269.3 291.3 312.3 325.3 334.9 18

19 - Insurance and pension fund reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 19

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

21 - Net capital transfers (2) 10.0 -14.7 -2.6 3.0 14.5 29.1 21

22 = Gross saving less net capital transfers -21.9 126.6 56.1 -358.6 -966.4 -1013.7 22

23 Gross investment 28.8 165.7 51.7 -424.7 -908.2 -873.7 23

24 Fixed investment 392.0 425.1 456.5 495.5 503.4 509.6 24

25 Nonproduced nonfinancial assets 9.8 -2.2 12.5 -5.3 6.3 14.6 25

26 Net lending (+) or net borrowing (-) -373.0 -257.1 -417.3 -915.0 -1417.9 -1397.9 26

27 Net acquisition of financial assets 148.6 136.0 146.5 575.1 279.9 425.3 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 2.0 28

29 Checkable deposits and currency 21.7 2.7 20.4 321.6 -155.0 155.6 29

30 Time and savings deposits 11.8 26.4 37.6 17.9 11.2 -0.4 30

31 Money market fund shares 5.1 6.8 3.4 -1.4 4.5 5.9 31

32 Security RPs 10.0 13.5 6.6 -2.7 8.8 6.7 32

33 Credit market instruments 60.1 88.5 26.0 8.9 273.5 139.5 33

34 Open market paper 13.1 17.6 -11.3 -63.5 -53.5 -24.7 34

35 Agency- and GSE-backed securities (3) 28.4 38.3 18.8 46.8 156.1 13.3 35

36 Municipal securities 0.4 0.5 0.2 -0.1 0.3 0.4 36

37 Corporate and foreign bonds 9.0 12.1 6.0 -2.4 8.5 13.4 37

38 Mortgages 13.1 18.2 8.5 10.3 21.9 3.6 38

39 Consumer credit 3.7 1.9 6.7 12.6 75.0 131.1 39

40 Other loans and advances (4) -7.7 -0.0 -2.9 5.2 65.2 2.5 40

41 Corporate equities 2.5 -4.4 2.7 279.2 18.2 -10.0 41

42 Mutual fund shares 0.8 -1.3 0.5 14.3 -7.2 -2.3 42

43 Trade receivables 19.5 2.2 8.0 1.4 -12.2 11.5 43

44 Taxes receivable 40.9 5.1 -34.7 -64.9 4.2 35.7 44

45 Miscellaneous assets -9.2 -0.9 76.4 -3.4 82.1 81.0 45

46 Net increase in liabilities 521.7 393.1 563.8 1490.2 1697.9 1823.2 46

47 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 47

48 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 48

49 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 49

50 Credit market instruments 385.9 291.0 420.3 1338.5 1532.1 1670.0 50

51 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 51

52 Other Treasury securities (4) 214.3 140.9 236.3 1290.0 1426.4 1568.7 52

53 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 53

54 Municipal securities 171.3 153.1 190.4 50.7 108.3 103.9 54

55 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Trade payables 65.8 40.6 66.4 62.0 33.0 62.1 56

57 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 57

58 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 90.6 58

59 Discrepancy -50.6 -39.2 4.3 66.1 -58.1 -139.9 59

 Memo:

60 Net govt. saving less fixed investment (6) -649.1 -577.8 -689.5 -1159.2 -1775.2 -1825.6 60

61 Adjustment between NIPA and FOF (7) 276.1 320.7 272.2 244.2 357.3 427.7 61

62 Items to be financed (8) -373.0 -257.1 -417.3 -915.0 -1417.9 -1397.9 62

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

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

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

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

(4) Excludes transactions with state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Line 17 less line 24.

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

(8) Line 59 plus line 60.
102 FFA, 2005-2010, March 10, 2011

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2398.5 2563.9 2731.3 3278.6 3459.7 3855.1 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 2

 3 Checkable deposits and currency 93.3 94.8 113.6 433.6 278.5 433.7 3

 4 Time and savings deposits 184.8 211.2 248.8 266.6 277.8 277.4 4

 5 Money market fund shares 71.7 78.5 81.9 80.5 85.0 90.9 5

 6 Security RPs 141.2 154.6 161.2 158.6 167.3 174.0 6

 7 Credit market instruments 1133.8 1222.3 1248.4 1257.3 1530.8 1670.3 7

 8 Open market paper 184.8 202.4 191.1 127.6 74.1 49.4 8

 9 Agency- and GSE-backed securities (1) 401.6 439.9 458.7 505.5 661.6 674.9 9

10 Municipal securities 5.0 5.5 5.7 5.6 5.9 6.4 10

11 Corporate and foreign bonds 127.2 139.4 145.3 142.9 151.4 164.8 11

12 Mortgages 228.5 246.7 255.2 265.5 287.4 291.0 12

13 Consumer credit 89.8 91.7 98.4 111.0 186.0 317.1 13

14 Other loans and advances (2) 96.8 96.8 93.9 99.1 164.3 166.8 14

15 Corporate equities 96.8 106.0 111.6 274.9 189.6 158.6 15

16 Mutual fund shares 29.6 32.5 33.8 33.3 35.1 37.6 16

17 Trade receivables 215.7 217.9 225.8 227.3 215.1 226.6 17

18 Taxes receivable 232.6 285.1 342.5 389.3 416.1 448.9 18

19 Miscellaneous assets 163.8 126.3 127.2 115.3 169.8 241.7 19

20 Total liabilities 7792.1 8179.7 8744.2 10234.0 11928.8 13749.2 20

21 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 21

22 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 22

23 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 23

24 Credit market instruments 6064.3 6355.3 6775.6 8114.1 9646.2 11316.2 24

25 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 25

26 Other Treasury securities (2) 3991.5 4132.4 4368.7 5658.7 7085.1 8653.8 26

27 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 27

28 Municipal securities 1843.9 1997.0 2187.4 2238.1 2346.4 2450.3 28

29 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Trade payables 684.7 725.3 791.7 853.7 886.7 949.7 30

31 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 31

32 Miscellaneous liabilities (4) 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 32

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 2005-2010, March 10, 2011 103

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net acquisition of financial assets -35.4 -46.6 -76.4 -82.4 -35.1 -42.5 1

 2 Checkable deposits and currency 0.1 0.2 0.2 0.1 2.8 9.0 2

 3 Time and savings deposits 5.6 0.4 1.6 1.1 3.3 4.2 3

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

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

 6 Credit market instruments 33.8 34.3 84.8 71.8 114.1 78.0 6

 7 Open market paper 0.6 0.3 -4.5 10.1 -4.1 -5.0 7

 8 Treasury securities 1.4 11.8 32.8 10.1 97.9 140.2 8

 9 Agency- and GSE-backed securities 16.1 2.6 26.7 13.7 -23.4 -97.5 9

10 Corporate and foreign bonds 15.9 19.6 30.3 38.2 44.6 41.2 10

11 Mortgages -0.2 -0.1 -0.5 -0.3 -0.9 -0.8 11

12 Corporate equities -49.0 -107.9 -209.0 -171.1 -159.6 -126.7 12

13 Mutual fund shares -7.0 -0.2 20.1 15.5 -5.2 -3.4 13

14 Miscellaneous assets -19.8 26.3 25.6 0.0 9.6 -3.5 14

15 Unallocated insurance contracts (1) -16.4 12.0 29.0 24.0 5.6 -3.1 15

16 Contributions receivable -1.9 -0.2 -0.2 -0.1 -0.4 -0.9 16

17 Other -1.5 14.5 -3.1 -23.9 4.4 0.5 17

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

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

Billions of dollars

 1 Net acquisition of financial assets 107.8 100.1 108.1 30.6 70.1 70.1 1

 2 Checkable deposits and currency 0.2 0.2 0.4 0.3 1.4 1.4 2

 3 Time and savings deposits 0.7 0.5 3.0 -0.8 1.4 0.2 3

 4 Money market fund shares 1.9 3.4 3.4 2.3 0.6 -0.1 4

 5 Security RPs 0.3 0.4 3.1 7.2 3.1 0.9 5

 6 Credit market instruments 11.4 24.1 17.7 18.9 -2.5 29.4 6

 7 Open market paper 2.4 -0.1 -0.3 0.2 -6.4 -6.3 7

 8 Treasury securities 2.1 2.4 5.9 5.3 27.9 35.8 8

 9 Agency- and GSE-backed securities 0.7 14.0 1.4 7.7 -25.7 -0.6 9

10 Corporate and foreign bonds 6.3 8.1 9.5 4.5 -1.8 -1.6 10

11 Mortgages 0.0 -0.2 1.2 1.2 3.5 2.2 11

12 Corporate equities 6.9 21.4 20.7 -13.6 -16.0 9.1 12

13 Mutual fund shares 77.0 75.0 68.0 5.0 70.0 46.0 13

14 Miscellaneous assets 9.4 -25.0 -8.1 11.3 12.0 -16.9 14

15 Unallocated insurance contracts (2) 15.0 -13.4 -2.7 14.2 4.5 -2.5 15

16 Contributions receivable 0.0 -1.8 4.7 0.8 2.9 -0.4 16

17 Other -5.6 -9.8 -10.1 -3.7 4.6 -14.0 17

(1) Includes 401(k) type plans.

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

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

Billions of dollars

 1 Total held at: 206.4 247.4 275.7 247.5 198.6 ND 1

 2 Commercial banking 7.3 26.7 8.7 37.4 27.5 ND 2

 3 Saving institutions 0.1 3.9 13.5 6.8 3.3 ND 3

 4 Credit unions 1.6 3.9 5.0 7.2 8.7 ND 4

 5 Life insurance companies 28.2 12.2 17.9 28.9 -6.0 ND 5

 6 Money market mutual funds 7.0 33.0 44.0 46.0 -39.0 ND 6

 7 Mutual funds 80.0 109.7 123.2 -125.7 151.8 ND 7

 8 Other self-directed accounts 82.2 58.0 63.3 246.8 52.3 ND 8

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

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
104 FFA, 2005-2010, March 10, 2011

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2281.3 2529.5 2596.0 1853.5 2104.7 2214.6 1

 2 Checkable deposits and currency 5.3 5.5 5.8 5.9 8.7 17.7 2

 3 Time and savings deposits 42.0 42.3 44.0 45.0 48.3 52.5 3

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

 5 Security RPs 5.1 5.4 5.6 5.8 5.7 5.7 5

 6 Credit market instruments 468.5 502.8 587.6 659.3 773.4 851.4 6

 7 Open market paper 5.1 5.5 1.0 11.0 6.9 1.9 7

 8 Treasury securities 60.0 71.8 104.6 114.8 212.7 352.8 8

 9 Agency- and GSE-backed securities 198.5 201.1 227.8 241.5 218.2 120.7 9

10 Corporate and foreign bonds 200.6 220.2 250.6 288.7 333.3 374.5 10

11 Mortgages 4.2 4.1 3.6 3.2 2.3 1.6 11

12 Corporate equities 1392.8 1520.7 1423.8 777.1 805.2 781.0 12

13 Mutual fund shares 253.4 296.4 338.6 228.0 286.3 313.7 13

14 Miscellaneous assets 114.3 156.4 190.7 132.4 177.1 192.7 14

15 Unallocated insurance contracts (1) 88.8 116.5 154.2 119.9 160.5 176.5 15

16 Contributions receivable 1.8 1.6 1.4 1.3 0.9 0.0 16

17 Other 23.7 38.2 35.1 11.3 15.7 16.1 17

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

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

Billions of dollars

 1 Total financial assets 3107.3 3553.3 3814.5 2699.2 3366.3 3864.9 1

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

 3 Time and savings deposits 20.3 20.8 23.7 22.9 24.3 24.6 3

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

 5 Security RPs 16.6 17.0 20.1 27.3 30.5 31.4 5

 6 Credit market instruments 231.4 255.6 273.3 292.1 289.6 319.1 6

 7 Open market paper 26.4 26.3 26.0 26.1 19.7 13.4 7

 8 Treasury securities 56.5 59.0 64.9 70.2 98.1 133.9 8

 9 Agency- and GSE-backed securities 53.5 67.5 68.9 76.6 50.9 50.3 9

10 Corporate and foreign bonds 89.3 97.4 106.9 111.4 109.6 108.0 10

11 Mortgages 5.6 5.4 6.6 7.8 11.3 13.5 11

12 Corporate equities 1048.9 1204.1 1249.5 822.7 1030.6 1202.2 12

13 Mutual fund shares 1332.0 1584.0 1772.0 1138.0 1531.0 1818.2 13

14 Miscellaneous assets 365.9 376.2 376.4 294.1 356.2 364.1 14

15 Unallocated insurance contracts (2) 249.6 271.4 277.1 197.7 252.3 274.6 15

16 Contributions receivable 43.0 41.2 45.8 46.7 49.6 49.2 16

17 Other 73.3 63.6 53.4 49.7 54.3 40.3 17

(1) Includes 401(k) type plans.

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

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

Billions of dollars

 1 Total held at: 3652.0 4207.0 4784.0 3585.0 4251.0 ND 1

 2 Commercial banking 175.3 202.0 210.7 248.1 275.5 ND 2

 3 Saving institutions 53.8 57.6 71.2 77.9 81.2 ND 3

 4 Credit unions 49.3 53.2 58.2 65.5 74.2 ND 4

 5 Life insurance companies 381.0 406.0 426.0 381.6 405.5 ND 5

 6 Money market mutual funds 141.0 175.0 219.0 265.0 226.0 ND 6

 7 Mutual funds 1474.0 1777.0 1999.0 1272.0 1665.0 ND 7

 8 Other self-directed accounts 1377.6 1536.2 1799.9 1274.9 1523.6 ND 8

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

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

 sector (line 6).
FFA, 2005-2010, March 10, 2011 105

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Assets 71548.6 77488.5 78546.0 65532.1 67690.3 70740.4 1

 2 Tangible assets 28335.0 29513.6 27986.3 24356.0 23566.8 23101.2 2

 3 Financial assets 43213.6 47974.9 50559.7 41176.1 44123.5 47639.2 3

 4 Deposits 6139.9 6753.1 7407.1 8013.1 7894.9 7930.9 4

 5 Credit market instruments 3323.5 3461.1 4072.5 3966.2 4106.0 4354.7 5

 6 Equity shares at market value 17396.6 20357.6 20940.2 12474.6 15883.3 18171.7 6

 7 Directly held 8093.0 9643.7 9627.0 5777.5 7321.4 8513.6 7

 8 Indirectly held 9303.7 10713.9 11313.2 6697.2 8562.0 9658.1 8

 9 Life insurance companies 1140.1 1334.7 1466.8 956.9 1220.3 1429.1 9

10 Private pension funds 3630.8 4155.6 4260.5 2471.9 3055.6 3320.4 10

11 Defined benefit plans 1567.7 1729.9 1660.7 903.5 975.2 970.1 11

12 Defined contribution plans 2063.1 2425.7 2599.8 1568.5 2080.3 2350.2 12

13 State and local govt. retirement funds 1887.3 2129.0 2221.0 1338.3 1684.5 1936.6 13

14 Federal government retirement funds 112.6 138.1 149.1 85.6 119.4 133.8 14

15 Mutual funds 2532.9 2956.4 3215.8 1844.4 2482.1 2838.3 15

16 Other 16353.5 17403.2 18139.9 16722.2 16239.2 17181.9 16

17 Liabilities 12184.0 13444.4 14367.2 14223.3 14033.0 13917.6 17

18 Net worth 59364.6 64044.2 64178.8 51308.8 53657.3 56822.8 18

 Memo:

19 Equity shares excluding defined benefit plans 13922.1 16477.2 17037.2 10220.5 13209.4 15249.8 19

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

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 24.3 26.3 26.7 19.0 23.5 25.7 20

21 Financial assets (line 3) 40.3 42.4 41.4 30.3 36.0 38.1 21

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

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