March 11, 2010

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

1995-2004

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

Flows Levels

Title Table Page Table Page

Summaries

Total Net Borrowing and Lending in Credit Markets 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 

Gold and Official Foreign Exchange Holdings F.200 30 L.200 75 

SDR 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, 1995-2004, March 11, 2010 1

F.1 Total Net Borrowing and Lending in Credit Markets (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total net borrowing 1195.8 1334.3 1456.6 2069.5 2083.1 1734.9 2010.0 2398.6 2797.9 3115.4 1

 2 Domestic nonfinancial sectors 678.1 732.4 812.5 1005.5 1040.6 864.6 1149.2 1418.6 1683.4 1986.4 2

 3 Household sector 309.4 335.8 300.3 425.8 493.5 581.4 672.0 825.0 1000.8 1046.2 3

 4 Nonfinancial corporate business 237.2 198.7 333.1 381.9 381.9 362.7 209.2 33.6 87.1 203.3 4

 5 Nonfarm noncorporate business 45.3 69.3 98.0 175.6 195.9 197.4 161.7 150.8 91.5 245.2 5

 6 Farm business 2.5 4.2 7.3 8.1 3.3 2.0 6.4 7.1 -12.6 15.8 6

 7 State and local governments -60.8 -20.5 50.8 66.8 37.3 16.9 105.5 144.6 120.5 114.1 7

 8 Federal government 144.4 144.9 23.1 -52.6 -71.2 -295.9 -5.6 257.6 396.0 361.9 8

 9 Rest of the world 78.3 88.0 69.9 37.2 19.0 63.0 -11.2 93.4 43.0 155.3 9

10 Financial sectors 439.5 514.0 574.1 1026.8 1023.5 807.3 872.0 886.6 1071.6 973.8 10

11 Commercial banking 22.5 13.0 46.1 72.9 67.2 60.0 52.9 49.7 48.5 78.4 11

12 U.S.-chartered commercial banks 11.2 11.7 29.5 52.8 41.8 36.8 30.2 29.9 13.2 18.7 12

13 Foreign banking offices in U.S. -3.1 -0.7 -2.4 -4.8 -0.4 -0.0 -0.9 -0.4 -0.1 0.1 13

14 Bank holding companies 14.4 2.0 19.0 24.9 25.8 23.2 23.6 20.3 35.4 59.5 14

15 Savings institutions 2.6 25.5 19.7 52.2 48.0 40.8 -0.0 -23.1 35.3 91.4 15

16 Credit unions -0.1 0.1 0.1 0.6 2.2 0.0 1.5 2.0 2.2 2.3 16

17 Life insurance companies -0.1 1.1 0.2 0.7 0.7 -0.7 0.6 2.0 2.9 3.0 17

18 Government-sponsored enterprises 106.0 90.4 99.1 278.9 318.8 235.2 304.1 219.8 250.9 75.0 18

19 Agency- and GSE-backed mortgage pools 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 19

20 ABS issuers 127.8 114.6 137.3 258.1 153.8 169.2 261.8 228.5 249.8 439.3 20

21 Finance companies 47.9 54.7 29.3 60.9 75.5 86.3 10.9 66.2 111.1 134.3 21

22 REITs 4.5 11.9 39.6 62.7 8.3 2.8 3.8 27.0 32.3 94.6 22

23 Brokers and dealers -5.0 -2.0 8.1 7.2 -17.2 15.6 1.4 -1.7 6.4 15.2 23

24 Funding corporations 34.9 63.8 79.9 40.0 91.6 -1.6 -103.6 -10.7 -3.2 -2.9 24

25 Total net lending 1195.8 1334.3 1456.6 2069.5 2083.1 1734.9 2010.0 2398.6 2797.9 3115.4 25

26 Domestic nonfinancial sectors -98.1 68.5 -26.7 138.6 112.4 37.6 -21.2 135.7 115.3 322.6 26

27 Household sector 22.8 104.5 -33.5 27.4 33.5 -69.8 -121.4 16.5 60.8 205.1 27

28 Nonfinancial corporate business -8.8 -10.2 -7.2 -17.0 -24.2 26.5 -4.7 25.8 -2.6 31.2 28

29 Nonfarm noncorporate business 3.8 4.0 2.6 12.9 -3.1 2.1 7.1 -0.8 1.5 11.5 29

30 State and local governments -91.4 -33.7 0.1 109.7 101.9 70.7 93.9 86.2 58.3 72.4 30

31 Federal government -24.7 3.9 11.3 5.6 4.3 8.1 3.9 8.0 -2.6 2.3 31

32 Rest of the world 246.8 379.6 259.6 168.5 146.4 242.2 299.2 467.2 582.8 854.4 32

33 Financial sectors 1047.1 886.3 1223.7 1762.4 1824.3 1455.1 1731.9 1795.7 2099.8 1938.5 33

34 Monetary authority 12.7 12.3 38.3 21.1 25.7 33.7 39.9 77.7 37.2 51.2 34

35 Commercial banking 265.9 187.5 324.3 305.6 312.2 371.5 207.1 404.8 333.7 610.3 35

36 U.S.-chartered commercial banks 186.5 119.6 274.9 312.1 318.6 353.1 193.5 394.2 353.0 573.5 36

37 Foreign banking offices in U.S. 75.4 63.3 40.2 -11.6 -17.0 23.9 -0.6 6.2 -38.5 23.0 37

38 Bank holding companies -0.3 3.9 5.4 -0.9 6.2 -12.2 4.2 3.1 8.6 -0.0 38

39 Banks in U.S.-affiliated areas 4.2 0.7 3.7 6.0 4.4 6.7 10.0 1.3 10.6 13.9 39

40 Savings institutions -7.6 19.9 -4.7 37.0 67.2 56.2 44.7 33.4 127.3 103.5 40

41 Credit unions 16.2 25.5 16.8 18.9 27.5 28.0 41.5 44.2 51.2 39.8 41

42 Property-casualty insurance companies 21.5 22.5 25.2 5.8 -3.0 -8.7 9.0 39.9 67.0 73.6 42

43 Life insurance companies 100.0 69.6 104.8 76.9 53.5 57.9 130.9 233.0 180.6 173.0 43

44 Private pension funds 16.9 -6.1 44.5 -7.1 107.2 -125.0 -34.8 -5.4 71.8 1.1 44

45 State and local govt. retirement funds 31.1 28.6 59.9 63.2 45.5 36.3 -53.8 -50.7 18.8 17.8 45

46 Federal government retirement funds 3.4 2.4 1.8 2.7 2.9 2.1 9.7 12.7 6.0 4.7 46

47 Money market mutual funds 86.5 88.8 87.5 248.6 184.9 138.3 267.3 -17.7 -95.9 -124.9 47

48 Mutual funds 52.5 48.9 80.9 127.3 48.4 26.3 126.6 138.7 138.0 116.6 48

49 Closed-end funds 8.5 2.9 -1.1 4.9 9.6 -5.6 3.2 8.6 35.5 11.0 49

50 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 0.7 3.8 50

51 Government-sponsored enterprises 95.3 97.3 106.7 317.3 287.3 246.0 304.7 224.1 241.0 48.9 51

52 Agency- and GSE-backed mortgage pools 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 52

53 ABS issuers 110.7 100.2 114.4 252.3 174.5 156.3 249.0 235.2 241.2 429.8 53

54 Finance companies 59.5 42.6 23.7 92.0 133.8 155.3 68.9 121.8 176.2 207.2 54

55 REITs 1.4 4.4 20.2 -5.1 0.8 -5.2 9.1 22.2 26.3 87.5 55

56 Brokers and dealers 90.1 -15.7 14.9 6.8 -34.7 68.9 92.4 28.4 79.6 -29.2 56

57 Funding corporations -15.8 13.8 51.1 1.5 106.3 23.2 -121.9 -85.7 28.1 69.8 57

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 1995-2004, March 11, 2010

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Domestic 678.1 732.4 812.5 1005.5 1040.6 864.6 1149.2 1418.6 1683.4 1986.4 1

 2 By instrument 678.1 732.4 812.5 1005.5 1040.6 864.6 1149.2 1418.6 1683.4 1986.4 2

 3 Commercial paper 18.1 -0.9 13.7 24.4 37.4 48.1 -83.1 -57.9 -37.3 15.3 3

 4 Treasury securities 142.9 146.6 23.2 -54.6 -71.0 -294.9 -5.1 257.1 398.4 362.5 4

 5 Agency- and GSE-backed securities 1.5 -1.6 -0.1 2.0 -0.2 -1.0 -0.5 0.5 -2.4 -0.6 5

 6 Municipal securities -57.6 -6.5 56.9 84.2 54.4 23.6 122.7 159.4 137.6 130.5 6

 7 Corporate bonds 104.2 128.0 181.1 214.9 225.9 164.0 343.4 133.4 152.2 75.5 7

 8 Bank loans n.e.c. 103.7 70.4 106.4 107.6 78.4 95.7 -87.5 -108.2 -76.3 5.2 8

 9 Other loans and advances 37.1 31.0 63.9 69.4 37.0 98.7 3.3 39.7 10.3 58.6 9

10 Mortgages 181.1 259.7 297.1 460.5 566.5 553.8 705.4 889.5 995.0 1222.2 10

11 Home 167.5 223.0 234.2 356.4 426.3 424.8 552.0 754.7 817.0 1010.0 11

12 Multifamily residential 4.3 9.7 6.8 25.4 38.7 26.5 40.6 37.3 71.4 49.6 12

13 Commercial 7.5 24.3 52.0 74.0 97.4 104.9 109.1 90.7 118.8 150.2 13

14 Farm 1.8 2.7 4.1 4.6 4.1 -2.5 3.8 6.9 -12.2 12.5 14

15 Consumer credit 147.0 105.7 70.3 97.1 112.4 176.5 150.6 105.2 105.9 117.2 15

16 By sector 678.1 732.4 812.5 1005.5 1040.6 864.6 1149.2 1418.6 1683.4 1986.4 16

17 Household sector 309.4 335.8 300.3 425.8 493.5 581.4 672.0 825.0 1000.8 1046.2 17

18 Nonfinancial business 285.0 272.2 438.3 565.6 581.1 562.2 377.3 191.5 166.0 464.2 18

19 Corporate 237.2 198.7 333.1 381.9 381.9 362.7 209.2 33.6 87.1 203.3 19

20 Nonfarm noncorporate 45.3 69.3 98.0 175.6 195.9 197.4 161.7 150.8 91.5 245.2 20

21 Farm 2.5 4.2 7.3 8.1 3.3 2.0 6.4 7.1 -12.6 15.8 21

22 State and local governments -60.8 -20.5 50.8 66.8 37.3 16.9 105.5 144.6 120.5 114.1 22

23 Federal government 144.4 144.9 23.1 -52.6 -71.2 -295.9 -5.6 257.6 396.0 361.9 23

24 Foreign borrowing in U.S. 78.3 88.0 69.9 37.2 19.0 63.0 -11.2 93.4 43.0 155.3 24

25 Commercial paper 13.5 11.3 3.7 7.8 16.3 31.7 18.3 58.8 18.9 69.2 25

26 Bonds 56.9 66.6 59.6 28.8 7.9 21.2 -18.5 31.6 28.7 85.8 26

27 Bank loans n.e.c. 8.5 9.1 8.5 6.6 0.5 11.4 -7.3 5.3 -2.5 3.8 27

28 Other loans and advances -0.5 1.0 -1.8 -6.0 -5.7 -1.3 -3.8 -2.3 -2.1 -3.6 28

29 Domestic and foreign 756.4 820.4 882.5 1042.8 1059.6 927.6 1138.0 1512.0 1726.4 2141.7 29

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 439.5 514.0 574.1 1026.8 1023.5 807.3 872.0 886.6 1071.6 973.8 1

 2 Open market paper 42.7 92.2 166.7 161.0 176.2 131.7 -126.9 -99.9 -63.5 21.7 2

 3 GSE issues 106.0 90.4 99.1 278.9 318.8 235.2 304.1 219.8 250.9 75.0 3

 4 Agency- and GSE-backed mortgage pool sec. 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 4

 5 Corporate bonds 181.2 141.9 130.0 246.8 148.6 173.7 307.5 398.8 487.3 668.3 5

 6 Bank loans n.e.c. 2.5 12.6 13.3 32.3 -9.0 19.8 21.0 23.1 21.4 66.0 6

 7 Other loans and advances 3.4 27.9 35.6 90.2 107.1 42.5 25.5 6.8 31.2 74.1 7

 8 Mortgages 5.3 7.9 14.9 24.8 7.2 4.7 2.2 11.2 8.9 25.5 8

 9 By sector 439.5 514.0 574.1 1026.8 1023.5 807.3 872.0 886.6 1071.6 973.8 9

10 Commercial banking 22.5 13.0 46.1 72.9 67.2 60.0 52.9 49.7 48.5 78.4 10

11 U.S.-chartered commercial banks 11.2 11.7 29.5 52.8 41.8 36.8 30.2 29.9 13.2 18.7 11

12 Foreign banking offices in U.S. -3.1 -0.7 -2.4 -4.8 -0.4 -0.0 -0.9 -0.4 -0.1 0.1 12

13 Bank holding companies 14.4 2.0 19.0 24.9 25.8 23.2 23.6 20.3 35.4 59.5 13

14 Savings institutions 2.6 25.5 19.7 52.2 48.0 40.8 -0.0 -23.1 35.3 91.4 14

15 Credit unions -0.1 0.1 0.1 0.6 2.2 0.0 1.5 2.0 2.2 2.3 15

16 Life insurance companies -0.1 1.1 0.2 0.7 0.7 -0.7 0.6 2.0 2.9 3.0 16

17 Government-sponsored enterprises 106.0 90.4 99.1 278.9 318.8 235.2 304.1 219.8 250.9 75.0 17

18 Agency- and GSE-backed mortgage pools 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 18

19 ABS issuers 127.8 114.6 137.3 258.1 153.8 169.2 261.8 228.5 249.8 439.3 19

20 Finance companies 47.9 54.7 29.3 60.9 75.5 86.3 10.9 66.2 111.1 134.3 20

21 REITs 4.5 11.9 39.6 62.7 8.3 2.8 3.8 27.0 32.3 94.6 21

22 Brokers and dealers -5.0 -2.0 8.1 7.2 -17.2 15.6 1.4 -1.7 6.4 15.2 22

23 Funding corporations 34.9 63.8 79.9 40.0 91.6 -1.6 -103.6 -10.7 -3.2 -2.9 23
FFA, 1995-2004, March 11, 2010 3

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total 1195.8 1334.3 1456.6 2069.5 2083.1 1734.9 2010.0 2398.6 2797.9 3115.4 1

 2 Open market paper 74.3 102.6 184.1 193.1 229.9 211.6 -191.6 -99.1 -82.0 106.2 2

 3 Treasury securities 142.9 146.6 23.2 -54.6 -71.0 -294.9 -5.1 257.1 398.4 362.5 3

 4 Agency- and GSE-backed securities 205.8 229.8 213.6 473.6 593.1 433.9 642.1 547.2 583.8 117.5 4

 5 Municipal securities -57.6 -6.5 56.9 84.2 54.4 23.6 122.7 159.4 137.6 130.5 5

 6 Corporate and foreign bonds 342.3 336.5 370.7 490.6 382.4 358.9 632.4 563.8 668.2 829.5 6

 7 Bank loans n.e.c. 114.7 92.1 128.2 146.5 69.8 126.9 -73.9 -79.8 -57.4 75.1 7

 8 Other loans and advances 40.1 60.0 97.6 153.6 138.4 139.9 25.0 44.2 39.4 129.2 8

 9 Mortgages 186.4 267.6 312.0 485.3 573.7 558.5 707.6 900.7 1003.9 1247.7 9

10 Consumer credit 147.0 105.7 70.3 97.1 112.4 176.5 150.6 105.2 105.9 117.2 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 147.3 251.8 217.4 168.9 196.9 243.2 305.8 253.4 433.2 378.8 11

12 Corporate equities -0.1 14.3 -47.7 -110.6 5.7 5.6 100.9 72.3 144.6 80.5 12

13 Nonfinancial -58.3 -47.3 -77.4 -215.5 -110.4 -118.2 -48.1 -16.2 -39.6 -122.7 13

 Foreign shares purchased by

14 U.S. residents 65.4 82.8 57.6 101.4 114.3 106.7 109.1 17.0 118.0 84.8 14

15 Financial -7.2 -21.3 -27.9 3.5 1.7 17.1 39.9 71.6 66.2 118.5 15

16 Mutual fund shares 147.4 237.6 265.1 279.5 191.2 237.6 204.9 181.1 288.6 298.2 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) 1195.8 1334.3 1456.6 2069.5 2083.1 1734.9 2010.0 2398.6 2797.9 3115.4 1

 2 Official foreign exchange 8.8 -6.3 0.7 6.6 -8.7 -0.4 4.3 3.2 -0.9 -3.2 2

 3 SDR certificates 2.2 -0.5 -0.5 0.0 -3.0 -4.0 0.0 0.0 0.0 0.0 3

 4 Treasury currency 0.7 0.5 0.5 0.6 1.0 2.4 1.3 1.0 0.6 0.7 4

 5 Foreign deposits 35.3 85.9 107.7 9.1 48.9 126.9 6.8 21.0 36.0 89.9 5

 6 Net interbank transactions 10.1 -51.7 -19.6 -31.8 18.1 12.0 -28.0 16.8 -13.8 19.4 6

 7 Checkable deposits and currency -28.8 -11.0 8.8 11.1 112.0 -113.5 110.6 -7.9 84.5 85.4 7

 8 Small time and savings deposits 112.6 123.9 129.5 189.3 83.8 231.0 314.6 325.4 307.4 281.6 8

 9 Large time deposits 65.6 114.0 122.5 91.8 131.1 116.2 68.5 50.0 55.8 252.9 9

10 Money market fund shares 141.2 145.4 155.9 285.4 251.7 232.5 428.5 -16.7 -207.5 -136.5 10

11 Security RPs 102.0 38.0 101.0 44.3 128.0 74.4 43.2 96.4 213.5 85.8 11

12 Corporate equities -0.1 14.3 -47.7 -110.6 5.7 5.6 100.9 72.3 144.6 80.5 12

13 Mutual fund shares 147.4 237.6 265.1 279.5 191.2 237.6 204.9 181.1 288.6 298.2 13

14 Trade payables 122.4 111.2 128.2 105.0 256.3 394.5 -84.4 86.8 21.5 194.7 14

15 Security credit 26.7 52.4 111.0 103.2 104.4 146.1 3.1 -87.0 120.0 179.4 15

16 Life insurance reserves 45.8 44.5 59.3 48.0 50.8 50.2 77.2 60.1 66.8 33.1 16

17 Pension fund reserves 178.1 152.4 213.8 282.7 184.0 273.0 268.5 260.3 282.1 303.8 17

18 Taxes payable 8.6 16.0 21.7 13.2 20.2 28.9 11.8 9.4 -1.9 20.5 18

19 Noncorporate proprietors’ equity 20.7 0.0 -18.9 -36.9 -78.4 -34.9 -30.3 -76.7 50.2 60.4 19

20 Miscellaneous 485.2 533.0 460.3 938.2 1107.4 1339.7 744.5 498.3 378.9 1569.4 20

21 Total financial sources 2680.3 2933.9 3255.7 4298.1 4687.5 4853.0 4255.8 3892.4 4624.2 6531.4 21

 - Liabilities not identified as assets:

22 Treasury currency -0.3 -0.4 -0.1 -0.2 -0.7 -1.2 -0.1 -0.6 -0.3 -0.3 22

23 Foreign deposits 25.0 59.4 106.2 -5.7 34.0 76.4 -12.9 21.5 52.8 61.9 23

24 Net interbank liabilities -3.0 -3.4 -19.8 3.8 3.2 17.3 17.2 6.6 -3.6 14.9 24

25 Security RPs 16.8 -1.3 42.9 14.4 -2.4 103.5 -31.7 26.5 -39.7 -141.0 25

26 Taxes payable 16.0 13.9 27.7 17.6 9.3 39.7 20.6 9.7 -36.3 -13.2 26

27 Miscellaneous -221.6 -187.1 -371.4 -130.5 -209.2 -367.0 -219.0 -75.6 -93.9 -97.4 27

 - Floats not included in assets:

28 Checkable deposits: Federal govt. -6.0 0.5 -2.7 2.6 -7.4 9.0 -40.0 -1.6 -8.9 27.9 28

29 Other -3.8 -4.0 -3.9 -3.1 -0.8 -0.3 -0.5 -0.7 -0.0 -9.7 29

30 Trade credit 3.8 -27.6 -22.5 -18.1 15.4 16.3 7.1 165.0 22.6 11.3 30

 Totals identified to sectors

31 as assets 2853.5 3084.1 3499.4 4417.4 4846.1 4959.4 4515.2 3741.5 4731.4 6676.9 31
4 FFA, 1995-2004, March 11, 2010

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross Domestic Product (GDP) 7414.7 7838.5 8332.4 8793.5 9353.5 9951.5 10286.2 10642.3 11142.1 11867.8 1

 2 Personal consumption expenditures (2) 4987.3 5273.6 5570.6 5918.5 6342.8 6830.4 7148.8 7439.2 7804.0 8285.1 2

 3 Durable goods 635.7 676.3 715.5 780.0 857.4 915.8 946.3 992.1 1014.8 1061.6 3

 4 Nondurable goods 1179.8 1241.4 1291.2 1330.0 1432.6 1543.4 1587.7 1617.9 1712.6 1830.7 4

 5 Services 3171.7 3355.9 3563.9 3808.5 4052.8 4371.2 4614.8 4829.2 5076.6 5392.8 5

 6 Gross private domestic investment 1144.0 1240.2 1388.7 1510.8 1641.5 1772.2 1661.9 1647.0 1729.7 1968.6 6

 7 Fixed investment 1112.9 1209.4 1317.7 1447.1 1580.7 1717.7 1700.2 1634.9 1713.3 1903.6 7

 8 Nonresidential 810.0 875.4 968.6 1061.1 1154.9 1268.7 1227.8 1125.4 1135.7 1223.0 8

 9 Household sector (nonprofit organizations) 42.8 45.3 58.3 65.6 66.5 72.6 76.6 79.3 84.3 90.8 9

10 Nonfinancial corporate business 579.8 625.7 691.7 746.3 822.2 921.3 889.2 778.5 786.5 834.1 10

11 Nonfarm noncorporate business 69.6 74.2 79.8 91.4 98.9 104.0 98.4 101.9 99.6 109.4 11

12 Farm business 20.5 22.0 25.4 25.5 21.8 24.4 26.4 29.3 29.9 33.6 12

13 Financial institutions 97.2 108.1 113.4 132.3 145.5 146.4 137.3 136.4 135.4 155.1 13

14 Residential 302.9 334.1 349.1 385.9 425.8 449.0 472.4 509.5 577.6 680.6 14

15 Household sector 251.5 282.2 293.6 331.6 362.6 382.2 406.7 439.3 498.9 594.4 15

16 Nonfinancial corporate business 0.1 -1.7 -7.8 -8.0 2.2 0.9 0.7 0.5 5.9 0.7 16

17 Nonfarm noncorporate business 48.6 49.1 52.0 50.9 59.1 62.1 60.9 65.1 73.0 80.0 17

18 REITs 2.7 4.4 11.3 11.4 1.8 3.8 4.1 4.6 -0.2 5.5 18

19 Change in private inventories 31.2 30.8 71.0 63.7 60.8 54.5 -38.3 12.0 16.4 64.9 19

20 Nonfinancial corporate business 40.1 21.0 64.3 59.3 60.4 53.1 -36.4 13.8 15.5 53.3 20

21 Nonfarm noncorporate business 2.1 1.1 3.4 3.1 3.2 2.8 -1.9 0.7 0.8 2.8 21

22 Farm business -11.1 8.6 3.3 1.3 -2.7 -1.4 0.0 -2.5 0.1 8.8 22

23 Net U.S. exports of goods and services -90.7 -96.3 -101.4 -161.8 -262.1 -382.1 -371.0 -427.2 -504.1 -618.7 23

24 Exports 811.9 867.7 954.4 953.9 989.3 1093.2 1027.7 1003.0 1041.0 1180.2 24

25 - Imports 902.6 964.0 1055.8 1115.7 1251.4 1475.3 1398.7 1430.2 1545.1 1798.9 25

 Government consumption expenditures and

26 gross investment 1374.0 1421.0 1474.4 1526.1 1631.3 1731.0 1846.4 1983.3 2112.6 2232.8 26

27 Consumption expenditures (3) 1141.4 1176.7 1222.1 1263.2 1343.9 1426.6 1524.4 1639.9 1756.8 1860.4 27

28 Federal 440.1 446.5 457.5 454.6 473.3 496.0 530.2 590.5 660.3 721.4 28

29 State and local 701.3 730.2 764.5 808.6 870.6 930.6 994.2 1049.4 1096.5 1139.1 29

30 Gross investment (3) 232.6 244.2 252.4 262.9 287.4 304.3 322.0 343.5 355.8 372.4 30

31 Federal 78.6 80.4 73.4 76.4 81.6 80.1 81.5 90.1 96.2 103.3 31

32 State and local 154.0 163.8 178.9 186.4 205.7 224.3 240.5 253.3 259.6 269.1 32

 Memo:

33 Net U.S. income receipts from rest of the world 29.7 31.7 23.4 17.3 27.8 37.7 51.9 49.1 68.7 91.2 33

34 U.S. income receipts 229.3 245.8 279.5 286.2 319.5 380.5 323.0 313.5 353.3 448.6 34

35 - U.S. income payments 199.6 214.2 256.1 268.9 291.7 342.8 271.1 264.4 284.6 357.4 35

 Gross National Product (GNP) =

36 GDP + net U.S. income receipts 7444.3 7870.1 8355.8 8810.8 9381.3 9989.2 10338.1 10691.4 11210.8 11959.0 36

 Acquisition of nonproduced nonfinancial assets (net)

37 Nonfinancial corporate business 1.3 -1.5 2.6 -1.0 -7.5 -7.4 -8.2 -10.2 -9.7 -9.7 37

38 State and local governments 6.6 6.0 5.8 7.6 8.6 8.6 10.1 11.2 11.4 11.4 38

39 Federal governments -7.4 -3.8 -7.6 -5.8 -0.4 -0.2 -0.7 0.3 -0.2 0.0 39

40 Rest of the world -0.5 -0.7 -0.8 -0.7 -0.8 -1.0 -1.2 -1.3 -1.6 -1.7 40

(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Department of Commerce.

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

(3) Government inventory investment is included in consumption expenditures.
FFA, 1995-2004, March 11, 2010 5

F.7 Distribution of National Income (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 National Income 6522.3 6931.7 7406.0 7875.6 8358.0 8938.9 9185.2 9408.5 9840.2 10534.1 1

 2 Compensation of employees 4195.2 4391.4 4665.6 5023.2 5353.9 5788.8 5979.3 6110.8 6382.6 6693.4 2

 3 Wages and other labor income 3914.7 4112.9 4379.0 4716.7 5025.4 5443.6 5621.3 5744.7 5985.2 6300.3 3

 4 Employer social insurance contributions 264.1 274.8 289.6 307.2 323.3 345.2 358.0 366.1 382.4 408.1 4

 5 Wage accruals less disbursements 16.4 3.6 -2.9 -0.7 5.2 0.0 0.0 0.0 15.0 -15.0 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 516.0 583.7 628.2 687.5 746.8 817.5 870.7 890.3 930.6 1033.8 6

 7 Nonfarm 492.6 545.2 595.6 658.7 718.3 787.8 840.2 871.8 894.1 984.1 7

 8 Farm 23.4 38.4 32.6 28.9 28.5 29.6 30.5 18.5 36.5 49.7 8

 Rental income of persons (with capital

 9 consumption adjustment) 154.6 170.4 176.5 191.5 208.2 215.3 232.4 218.7 204.2 198.4 9

 Corporate profits with inventory

10 valuation and capital consumption adjustments 716.2 801.5 884.8 812.4 856.3 819.2 784.2 872.2 977.8 1246.9 10

 Corporate profits with inventory

11 valuation adjustment 666.0 743.8 815.9 738.6 776.6 755.7 720.8 762.8 892.2 1195.1 11

12 Profits before tax 684.3 740.7 801.8 722.9 780.5 772.5 712.7 765.3 903.5 1229.4 12

13 Domestic nonfinancial 430.7 469.9 505.2 460.6 467.7 431.8 314.3 342.9 424.8 659.9 13

14 Farm 0.6 1.4 1.6 -0.1 0.9 0.6 0.7 -0.6 1.1 2.1 14

15 Rest of the world 92.9 102.0 107.6 102.8 121.5 145.6 169.7 157.9 165.8 205.0 15

16 Domestic financial 160.1 167.5 187.4 159.6 190.4 194.4 228.0 265.2 311.8 362.3 16

 Less:

17 Taxes on corporate income 217.8 231.5 245.4 248.4 258.8 265.1 203.3 192.3 243.8 306.1 17

18 Domestic nonfinancial 139.9 152.4 160.9 158.2 170.9 169.8 110.9 97.0 132.4 186.2 18

19 Farm 0.4 0.5 0.5 0.4 0.4 0.4 0.3 0.1 0.5 0.8 19

20 Domestic financial 77.5 78.5 84.1 89.7 87.4 94.9 92.1 95.2 110.9 119.1 20

 Equals:

21 Profits after tax 466.5 509.3 556.3 474.5 521.7 507.4 509.4 573.0 659.7 923.3 21

22 Net dividends 254.4 297.7 331.2 351.5 337.4 377.9 370.9 399.3 424.9 550.3 22

23 Domestic nonfinancial 176.9 196.5 214.3 239.6 222.7 249.5 243.5 252.8 291.3 361.7 23

24 Farm 1.1 1.0 1.7 1.4 1.9 1.8 1.9 2.0 2.1 2.8 24

25 Rest of the world 32.8 40.4 47.2 42.3 41.7 29.4 40.9 48.1 32.1 62.3 25

26 Domestic financial 43.6 59.8 68.0 68.2 71.0 97.1 84.6 96.4 99.4 123.5 26

27 Undistributed profits 212.1 211.5 225.1 123.1 184.3 129.5 138.5 173.8 234.8 373.0 27

28 Domestic nonfinancial 113.9 121.0 130.0 62.8 74.0 12.6 -40.1 -6.9 1.1 112.0 28

29 Farm -1.0 -0.1 -0.6 -2.0 -1.5 -1.6 -1.6 -2.7 -1.5 -1.4 29

30 Rest of the world 60.2 61.6 60.3 60.5 79.8 116.2 128.8 109.8 133.7 142.7 30

31 Domestic financial 39.0 29.1 35.3 1.8 32.0 2.4 51.3 73.6 101.6 119.7 31

32 Inventory valuation adjustment -18.3 3.1 14.1 15.7 -4.0 -16.8 8.0 -2.6 -11.3 -34.3 32

33 Capital consumption adjustment 50.2 57.7 69.0 73.8 79.7 63.6 63.4 109.4 85.6 51.8 33

34 Domestic nonfinancial 56.4 61.9 64.2 67.5 68.9 51.8 47.0 87.5 71.5 49.7 34

35 Farm 1.2 1.1 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Domestic financial -7.5 -5.4 3.7 6.3 10.8 11.7 16.4 21.9 14.1 2.0 36

37 Net interest and miscellaneous payments 358.3 371.1 407.5 479.3 481.4 539.3 544.4 506.4 504.1 461.6 37

38 Taxes on production and imports 557.9 580.8 611.6 639.5 673.6 708.6 727.7 762.8 806.8 863.4 38

39 Less: Subsidies 34.8 35.2 33.8 36.4 45.2 45.8 58.7 41.4 49.1 46.4 39

40 Business current transfer payments (net) 45.8 53.8 51.3 65.2 69.0 87.0 101.3 82.4 76.1 81.7 40

41 Current surplus of government enterprises 13.1 14.4 14.1 13.3 14.1 9.1 4.0 6.3 7.0 1.2 41

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

42 National Income, from line 1 above 6522.3 6931.7 7406.0 7875.6 8358.0 8938.9 9185.2 9408.5 9840.2 10534.1 42

 Plus:

43 Private consumption of fixed capital 704.6 743.4 789.7 841.6 907.2 986.8 1051.6 1094.0 1135.9 1200.9 43

44 Government consumption of fixed capital 164.8 169.2 174.1 179.0 187.2 197.5 204.6 210.9 218.1 231.9 44

45 Statistical discrepancy 52.5 25.9 -14.0 -85.3 -71.1 -134.0 -103.4 -22.1 16.6 -7.9 45

 Less:

46 Net U.S. income receipts from rest of the world 29.7 31.7 23.4 17.3 27.8 37.7 51.9 49.1 68.7 91.2 46

 Equals:

47 Gross Domestic Product 7414.7 7838.5 8332.4 8793.5 9353.5 9951.5 10286.2 10642.3 11142.1 11867.8 47

(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Department of Commerce.

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Department of Commerce.
6 FFA, 1995-2004, March 11, 2010

F.8 Saving and Investment (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 1219.0 1344.4 1525.7 1654.4 1708.0 1800.2 1695.7 1560.9 1552.8 1724.2 1

 2 Net saving 349.6 431.8 561.9 633.9 613.6 615.8 439.4 256.0 198.7 291.4 2

 3 Net private saving 546.6 557.1 585.7 553.4 473.0 389.4 414.9 562.8 613.9 679.2 3

 4 Personal saving 286.3 281.1 280.4 341.5 207.8 213.1 204.9 282.2 289.8 303.7 4

 5 Undistributed corporate profits w/IVA & CCA 243.9 272.3 308.2 212.6 260.1 176.3 210.0 280.6 309.2 390.5 5

 6 Undistributed profits 212.1 211.5 225.1 123.1 184.3 129.5 138.5 173.8 234.8 373.0 6

 7 Inventory valuation adjustment -18.3 3.1 14.1 15.7 -4.0 -16.8 8.0 -2.6 -11.3 -34.3 7

 8 Capital consumption adjustment 50.2 57.7 69.0 73.8 79.7 63.6 63.4 109.4 85.6 51.8 8

 9 Wage accruals less disbursements 16.4 3.6 -2.9 -0.7 5.2 0.0 0.0 0.0 15.0 -15.0 9

10 Net government saving -197.0 -125.3 -23.8 80.5 140.6 226.5 24.6 -306.9 -415.2 -387.8 10

11 Federal -206.2 -148.2 -60.1 33.6 98.8 185.2 40.5 -252.8 -376.4 -379.5 11

12 State and local 9.2 23.0 36.3 46.9 41.8 41.3 -15.9 -54.1 -38.8 -8.4 12

13 Consumption of fixed captal 869.5 912.5 963.8 1020.5 1094.4 1184.3 1256.2 1305.0 1354.1 1432.8 13

14 Private 704.6 743.4 789.7 841.6 907.2 986.8 1051.6 1094.0 1135.9 1200.9 14

15 Domestic business 586.0 619.2 658.5 702.1 756.8 824.3 876.5 908.5 935.4 978.7 15

16 Households and institutions 118.7 124.2 131.2 139.5 150.4 162.5 175.1 185.5 200.5 222.2 16

17 Government 164.8 169.2 174.1 179.0 187.2 197.5 204.6 210.9 218.1 231.9 17

18 Federal 81.7 81.9 82.5 82.8 85.0 87.8 88.6 89.2 90.8 94.8 18

19 State and local 83.1 87.2 91.6 96.2 102.1 109.7 116.0 121.8 127.3 137.1 19

 Gross domestic investment, capital account

20 transactions, and net lending, NIPAs 1271.6 1370.3 1511.7 1569.1 1637.0 1666.2 1592.3 1538.9 1569.4 1716.3 20

21 Gross domestic investment 1376.6 1484.4 1641.0 1773.6 1928.9 2076.5 1984.0 1990.4 2085.5 2340.9 21

22 Gross private domestic investment 1144.0 1240.2 1388.7 1510.8 1641.5 1772.2 1661.9 1647.0 1729.7 1968.6 22

23 Fixed investment 1112.9 1209.4 1317.7 1447.1 1580.7 1717.7 1700.2 1634.9 1713.3 1903.6 23

24 Nonresidential 810.0 875.4 968.6 1061.1 1154.9 1268.7 1227.8 1125.4 1135.7 1223.0 24

25 Residential 302.9 334.1 349.1 385.9 425.8 449.0 472.4 509.5 577.6 680.6 25

26 Change in private inventories 31.2 30.8 71.0 63.7 60.8 54.5 -38.3 12.0 16.4 64.9 26

27 Gross government investment 232.6 244.2 252.4 262.9 287.4 304.3 322.0 343.5 355.8 372.4 27

28 Capital account transactions (net) 1.1 0.9 1.2 1.0 5.2 1.4 -11.7 1.8 3.8 -1.1 28

29 Net lending or net borrowing (-), NIPAs -106.2 -115.1 -130.6 -205.5 -297.1 -411.7 -380.0 -453.4 -519.9 -623.5 29

30 Statistical discrepancy (line 20 less line 1) 52.5 25.9 -14.0 -85.3 -71.1 -134.0 -103.4 -22.1 16.6 -7.9 30

 Addenda:

31 Disaster losses 2.4 0.0 0.0 0.0 3.5 0.0 19.2 0.0 0.0 29.4 31

32 Private 2.4 0.0 0.0 0.0 3.5 0.0 17.5 0.0 0.0 29.4 32

33 Domestic business 1.2 0.0 0.0 0.0 2.2 0.0 15.5 0.0 0.0 17.4 33

34 Households and institutions 1.2 0.0 0.0 0.0 1.3 0.0 2.0 0.0 0.0 12.0 34

35 Government 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.0 0.0 0.0 35

36 Federal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 State and local 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.0 0.0 0.0 37

(1) This table corresponds to NIPA table 5.1 in the Survey of Current Business, Department of Commerce.
FFA, 1995-2004, March 11, 2010 7

F.9 Net Capital Transfers (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Capital transfers paid, by sector 49.9 51.5 56.2 61.3 74.8 72.2 102.5 81.8 90.6 119.2 1

 2 By private business 2.0 0.0 0.0 0.0 1.8 0.0 11.6 0.0 0.0 17.3 2

 3 Financial corporations 2.0 0.0 0.0 0.0 1.8 0.0 11.6 0.0 0.0 17.3 3

 4 Disaster-related insurance benefits 2.0 0.0 0.0 0.0 1.8 0.0 11.6 0.0 0.0 17.3 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 By government 27.9 28.4 29.2 28.9 36.3 36.6 42.0 49.2 62.6 68.0 8

 9 Federal 27.9 28.4 29.2 28.9 36.3 36.6 42.0 49.2 62.6 63.5 9

10 Investment grants to state and local govts. 27.3 28.2 28.8 28.7 31.9 36.2 41.7 45.0 45.5 46.3 10

11 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Financial stabilization payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other capital transfers paid to business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 13

14 Other capital transfers paid to persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.6 14.8 16.1 14

15 Capital transfers paid to the rest of the world (net) 0.6 0.2 0.4 0.2 4.5 0.4 0.3 0.6 2.2 0.9 15

16 State and local 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.5 16

17 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.5 17

18 By persons 20.0 23.1 27.0 32.4 36.7 35.6 35.7 32.6 28.0 30.3 18

19 Estate and gift taxes, federal 14.9 17.5 20.6 25.2 28.8 28.1 28.0 25.3 22.0 24.6 19

20 Estate and gift taxes, state and local 5.1 5.6 6.4 7.2 7.9 7.5 7.7 7.3 6.0 5.6 20

21 By the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 13.2 0.0 0.0 3.7 21

22 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 13.2 0.0 0.0 3.7 22

23 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital transfers received, by sector 49.9 51.5 56.2 61.3 74.8 72.2 102.5 81.8 90.6 119.2 24

25 By private business 1.7 0.0 0.0 0.0 1.7 0.0 19.6 0.0 0.1 21.7 25

26 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 3.9 0.0 0.0 1.1 26

27 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 3.9 0.0 0.0 1.1 27

28 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Nonfinancial corporations 0.4 0.0 0.0 0.0 0.9 0.0 12.5 0.0 0.1 6.7 29

30 Disaster-related insurance benefits 0.4 0.0 0.0 0.0 0.9 0.0 12.5 0.0 0.0 6.5 30

31 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 31

32 Noncorporate business 1.2 0.0 0.0 0.0 0.8 0.0 3.2 0.0 0.0 13.9 32

33 Disaster-related insurance benefits 1.2 0.0 0.0 0.0 0.8 0.0 3.2 0.0 0.0 13.9 33

34 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 By government 47.3 51.3 55.8 61.0 68.6 71.9 79.2 77.7 73.4 76.6 35

36 Federal 14.9 17.5 20.6 25.2 28.8 28.1 28.0 25.3 22.0 24.6 36

37 Estate and gift taxes paid by persons 14.9 17.5 20.6 25.2 28.8 28.1 28.0 25.3 22.0 24.6 37

38 State and local 32.4 33.8 35.2 35.9 39.8 43.8 51.2 52.4 51.5 52.0 38

39 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.0 0.0 0.0 39

40 Estate and gift taxes paid by persons 5.1 5.6 6.4 7.2 7.9 7.5 7.7 7.3 6.0 5.6 40

41 Investment grants paid by federal government 27.3 28.2 28.8 28.7 31.9 36.2 41.7 45.0 45.5 46.3 41

42 By persons 0.3 0.0 0.0 0.0 0.1 0.0 3.5 3.6 14.8 20.0 42

43 Disaster-related insurance benefits 0.3 0.0 0.0 0.0 0.1 0.0 3.5 0.0 0.0 3.9 43

44 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.6 14.8 16.1 44

45 By the rest of the world 0.6 0.2 0.4 0.2 4.5 0.4 0.3 0.6 2.2 0.9 45

46 Capital transfers paid by U.S. government 0.6 0.2 0.4 0.2 4.5 0.4 0.3 0.6 2.2 0.9 46

47 Other 0.0 0.0 0.0 0.0 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) 0.3 0.0 0.0 0.0 0.1 0.0 -8.0 -0.0 -0.1 -4.4 48

49 Financial corporations (lines 3-26) 1.9 0.0 0.0 0.0 1.7 0.0 7.7 0.0 0.0 16.2 49

50 Property-casualty insurance companies (line 4) 2.0 0.0 0.0 0.0 1.8 0.0 11.6 0.0 0.0 17.3 50

51 U.S.-chartered commercial banks -0.0 0.0 0.0 0.0 -0.0 0.0 -3.9 0.0 0.0 -1.1 51

52 Financial stabilization payments (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Other (lines 5-27) -0.0 0.0 0.0 0.0 -0.0 0.0 -3.9 0.0 0.0 -1.1 53

54 Bank holding companies (GMAC) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Government-sponsored enterprises (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Funding corporations (AIG) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Nonfinancial corporations (lines 6-29) -0.4 0.0 0.0 0.0 -0.9 0.0 -12.5 -0.0 -0.1 -6.7 57

58 Noncorporate business (lines 7-32) -1.2 0.0 0.0 0.0 -0.8 0.0 -3.2 0.0 0.0 -13.9 58

59 By government (lines 8-35) -19.4 -22.9 -26.6 -32.1 -32.2 -35.3 -37.1 -28.5 -10.8 -8.6 59

60 Federal (lines 9-36) 13.0 10.9 8.7 3.7 7.6 8.5 14.1 23.9 40.6 38.9 60

61 State and local (lines 16-38) -32.4 -33.8 -35.2 -35.9 -39.8 -43.8 -51.2 -52.4 -51.5 -47.5 61

62 By persons (lines 18-42) 19.8 23.1 27.0 32.4 36.6 35.6 32.2 29.1 13.1 10.2 62

63 By the rest of the world (lines 21-45) -0.6 -0.2 -0.4 -0.2 -4.5 -0.4 12.9 -0.6 -2.2 2.8 63

(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Department of Commerce.

(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, 1995-2004, March 11, 2010

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net acquisition of financial assets 521.9 591.2 599.0 777.8 601.0 374.0 612.4 630.7 916.8 1385.3 1

 2 Foreign deposits 4.6 12.4 6.5 0.5 2.9 7.6 0.4 1.3 2.2 5.4 2

 3 Checkable deposits and currency -38.9 -48.0 -24.1 22.1 -40.7 -74.0 73.2 10.3 -34.0 68.1 3

 4 Time and savings deposits 139.8 145.7 153.7 136.4 155.1 348.8 280.9 324.9 331.9 450.3 4

 5 Money market fund shares 101.2 57.7 76.4 113.9 117.6 152.4 163.0 -39.2 -109.2 -53.2 5

 6 Securities 11.9 123.4 -36.3 -51.8 -56.3 -641.0 -450.7 -61.2 230.1 145.2 6

 7 Open market paper 2.0 4.1 1.3 3.0 4.7 12.4 -9.2 -5.9 -4.9 6.4 7

 8 U.S. savings bonds 5.1 2.0 -0.5 0.1 -0.2 -1.7 5.6 4.5 8.9 0.6 8

 9 Other Treasury securities -17.6 -2.2 -138.9 -63.7 -0.6 -204.3 -89.5 -133.6 22.3 31.3 9

10 Agency- and GSE-backed securities 27.6 100.9 53.2 69.2 83.8 34.1 -122.8 -160.3 133.9 80.6 10

11 Municipal securities -59.9 -40.0 22.1 0.7 29.3 4.5 50.6 97.5 24.7 40.3 11

12 Corporate and foreign bonds 78.7 52.6 40.5 27.7 -92.1 84.7 41.7 206.1 -127.4 39.6 12

13 Corporate equities (2) -70.6 -157.0 -218.7 -285.0 -153.2 -637.5 -488.2 -162.3 -101.8 -269.9 13

14 Mutual fund shares 46.7 163.0 204.7 196.1 72.1 66.7 161.1 92.9 274.4 216.4 14

15 Life insurance reserves 45.8 44.5 59.3 48.0 50.8 50.2 77.2 60.1 66.8 33.1 15

16 Pension fund reserves 178.1 152.4 213.8 282.7 184.0 273.0 268.5 260.3 282.1 303.8 16

17 Miscellaneous and other assets 79.5 103.2 149.6 226.0 187.6 256.9 199.9 74.2 147.1 432.6 17

18 Gross investment in tangible assets 1010.1 1103.0 1171.6 1287.2 1402.0 1500.2 1552.5 1640.3 1737.8 1912.9 18

19 Residential fixed investment 300.0 331.3 345.6 382.5 421.7 444.3 467.6 504.4 572.0 674.4 19

20 Other fixed assets (3) 133.0 141.6 163.5 182.5 187.2 201.0 201.4 210.6 213.9 233.8 20

21 Consumer durables 586.1 620.4 655.8 717.7 792.6 853.5 885.4 927.0 951.1 993.1 21

22 Inventories (3) -9.0 9.7 6.7 4.4 0.4 1.4 -1.9 -1.8 0.9 11.6 22

23 Consumption of fixed capital 716.3 745.7 775.5 811.1 857.1 917.4 972.4 1020.0 1071.0 1140.4 23

24 Residential fixed investment 119.3 125.2 132.1 139.5 149.0 159.8 171.1 180.0 193.7 214.6 24

25 Other fixed assets (3) 107.1 111.0 115.7 122.8 131.2 140.3 148.4 156.1 164.5 174.8 25

26 Consumer durables 489.8 509.6 527.7 548.9 576.9 617.3 652.9 683.9 712.8 750.9 26

27 Net investment in tangible assets (4) 293.8 357.3 396.1 476.0 544.9 582.7 580.1 620.3 666.9 772.6 27

28 Residential fixed investment 180.7 206.1 213.4 243.0 272.8 284.5 296.5 324.4 378.3 459.8 28

29 Other fixed assets (3) 25.8 30.6 47.8 59.7 56.0 60.7 53.0 54.5 49.3 59.0 29

30 Consumer durables 96.3 110.9 128.1 168.9 215.7 236.1 232.5 243.2 238.3 242.2 30

31 Inventories (3) -9.0 9.7 6.7 4.4 0.4 1.4 -1.9 -1.8 0.9 11.6 31

32 Net increase in liabilities 397.4 497.9 544.4 765.1 891.4 930.5 853.4 1000.6 1116.2 1508.0 32

33 Mortgage debt on nonfarm homes 167.6 221.9 233.8 355.1 424.1 422.8 549.9 754.0 815.1 1005.3 33

34 Other mortgage debt (3) 6.1 28.5 32.2 105.6 102.2 109.2 103.9 105.2 118.7 158.8 34

35 Consumer credit 147.0 105.7 70.3 97.1 112.4 176.5 150.6 105.2 105.9 117.2 35

36 Policy loans 10.5 4.5 3.2 0.1 -5.1 2.8 2.2 1.0 -0.7 1.6 36

37 Security credit 3.5 15.8 36.8 21.6 75.2 7.2 -38.8 -48.2 34.3 81.5 37

38 Other liabilities (3) 62.7 121.4 168.1 185.7 182.6 211.9 85.7 83.4 42.9 143.7 38

39 Net capital transfers paid (5) 18.6 23.1 27.0 32.4 35.9 35.6 29.0 29.1 13.1 -3.7 39

40 Personal saving, with consumer durables (FOF) 436.9 473.8 477.6 521.1 290.3 61.8 368.1 279.4 480.6 646.2 40

41 Less net investment in consumer durables 96.3 110.9 128.1 168.9 215.7 236.1 232.5 243.2 238.3 242.2 41

42 = Personal saving, without consumer durables (FOF) (6) 340.7 362.9 349.5 352.3 74.6 -174.4 135.6 36.3 242.3 404.0 42

43 Personal saving (NIPA, excludes consumer durables) 286.3 281.1 280.4 341.5 207.8 213.1 204.9 282.2 289.8 303.7 43

44 Difference 54.4 81.7 69.1 10.8 -133.1 -387.4 -69.3 -245.9 -47.5 100.3 44

 Memo:

45 Disposable personal income 5457.0 5759.6 6074.6 6498.9 6803.3 7327.2 7648.5 8009.7 8377.8 8889.4 45

 Personal saving as a percentage of disposable personal income:

46 With consumer durables (FOF) (line 40) 8.0 8.2 7.9 8.0 4.3 0.8 4.8 3.5 5.7 7.3 46

47 Without consumer durables (FOF) (line 42) 6.2 6.3 5.8 5.4 1.1 -2.4 1.8 0.5 2.9 4.5 47

48 Without consumer durables (NIPA) (line 43) 5.2 4.9 4.6 5.3 3.1 2.9 2.7 3.5 3.5 3.4 48

49 Difference (line 44) 1.0 1.4 1.1 0.2 -2.0 -5.3 -0.9 -3.1 -0.6 1.1 49

(1) Consolidated 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 fund shares (line 14) and life insurance and pension reserves (lines 15 and 16)).

(3) Includes corporate farms.

(4) Line 18 less line 23.

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

(6) Line 42 and 43 are conceptually equivalent but measure saving using different data. Line 42 is net acquisition of financial assets (line 1) plus net investment in tangible assets net of consumer durables

 (line 27 less line 41) less net increase in liabilities (line 32) plus net capital transfers paid (line 39). Line 43 is disposable personal income (line 45) less personal outlays (table F.100, line 4).
FFA, 1995-2004, March 11, 2010 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Personal income 6200.9 6591.6 7000.7 7525.4 7910.8 8559.4 8883.3 9060.1 9378.1 9937.2 1

 2 - Personal current taxes 743.9 832.0 926.2 1026.4 1107.5 1232.3 1234.8 1050.4 1000.3 1047.8 2

 3 = Disposable personal income 5457.0 5759.6 6074.6 6498.9 6803.3 7327.2 7648.5 8009.7 8377.8 8889.4 3

 4 - Personal outlays 5170.8 5478.5 5794.2 6157.5 6595.5 7114.1 7443.5 7727.5 8088.0 8585.7 4

 5 = Personal saving, NIPA (2) 286.3 281.1 280.4 341.5 207.8 213.1 204.9 282.2 289.8 303.7 5

 6 + Government insurance and pension reserves (3) 3.6 3.4 3.4 4.4 3.8 1.8 3.3 -1.7 -0.6 0.0 6

 7 + Net investment in consumer durables 96.3 110.9 128.1 168.9 215.7 236.1 232.5 243.2 238.3 242.2 7

 8 + Consumption of fixed capital 608.5 633.8 658.9 688.4 727.3 779.9 828.0 869.4 913.3 973.0 8

 9 - Net capital transfers paid (4) 19.8 23.1 27.0 32.4 36.6 35.6 32.2 29.1 13.1 10.2 9

10 = Gross saving less net capital transfers paid 974.9 1006.1 1043.9 1170.7 1118.1 1195.2 1236.4 1364.0 1427.7 1508.7 10

11 Gross investment 1025.4 1083.5 1109.0 1179.1 982.6 807.6 1165.4 1122.5 1382.3 1610.4 11

12 Capital expenditures 880.4 947.9 1007.7 1115.0 1221.8 1308.3 1368.6 1445.7 1534.3 1678.3 12

13 Residential 251.5 282.2 293.6 331.6 362.6 382.2 406.7 439.3 498.9 594.4 13

14 Consumer durable goods 586.1 620.4 655.8 717.7 792.6 853.5 885.4 927.0 951.1 993.1 14

15 Nonprofit nonresidential 42.8 45.3 58.3 65.6 66.5 72.6 76.6 79.3 84.3 90.8 15

16 Net financial investment 145.0 135.5 101.3 64.1 -239.2 -500.7 -203.3 -323.2 -152.0 -67.9 16

17 Net acquisition of financial assets 466.5 496.0 447.6 518.8 335.7 91.9 427.7 473.6 888.9 1077.9 17

18 Foreign deposits 4.6 12.4 6.5 0.5 2.9 7.6 0.4 1.3 2.2 5.4 18

19 Checkable deposits and currency -52.6 -67.3 -46.5 15.6 -46.0 -82.6 72.1 7.2 -40.5 -39.3 19

20 Time and savings deposits 135.5 142.1 143.0 95.7 102.0 280.7 273.8 310.4 287.2 463.5 20

21 Money market fund shares 99.3 55.5 72.7 104.3 109.5 143.7 153.4 -41.5 -111.5 -56.1 21

22 Credit market instruments 22.8 104.5 -33.5 27.4 33.5 -69.8 -121.4 16.5 60.8 205.1 22

23 Open market paper 2.0 4.1 1.3 3.0 4.7 12.4 -9.2 -5.9 -4.9 6.4 23

24 Treasury securities -17.9 -5.1 -143.1 -69.3 0.0 -209.0 -86.6 -129.0 29.1 26.6 24

25 Savings bonds 5.1 2.0 -0.5 0.1 -0.2 -1.7 5.6 4.5 8.9 0.6 25

26 Other -22.9 -7.1 -142.6 -69.4 0.2 -207.3 -92.2 -133.6 20.2 26.0 26

27 Agency- and GSE-backed securities 27.6 100.9 53.2 69.2 83.8 34.1 -122.8 -160.3 133.9 80.6 27

28 Municipal securities -60.5 -40.5 21.5 1.1 29.4 4.8 49.5 97.6 25.4 38.6 28

29 Corporate and foreign bonds 78.7 52.6 40.5 27.7 -92.1 84.7 41.7 206.1 -127.4 39.6 29

30 Other loans and advances (5) 0.1 -0.1 0.1 -0.0 0.4 1.3 0.7 0.2 0.3 2.8 30

31 Mortgages -7.2 -7.5 -7.1 -4.3 7.2 1.9 5.3 7.9 4.3 10.4 31

32 Corporate equities (6) -70.6 -157.0 -218.7 -285.0 -153.2 -637.5 -488.2 -162.3 -101.8 -269.9 32

33 Mutual fund shares 46.7 163.0 204.7 196.1 72.1 66.7 161.1 92.9 274.4 216.4 33

34 Security credit 18.6 35.3 52.6 61.2 47.2 88.6 41.9 -41.6 62.7 103.0 34

35 Life insurance reserves 45.8 44.5 59.3 48.0 50.8 50.2 77.2 60.1 66.8 33.1 35

36 Pension fund reserves 178.1 152.4 213.8 282.7 184.0 273.0 268.5 260.3 282.1 303.8 36

37 Equity in noncorporate business 20.7 0.0 -18.9 -36.9 -78.4 -34.9 -30.3 -76.7 50.2 60.4 37

38 Miscellaneous assets 17.6 10.6 12.7 9.2 11.4 6.1 19.0 47.1 56.4 52.5 38

39 Net increase in liabilities 321.5 360.4 346.3 454.7 574.9 592.5 630.9 796.8 1040.9 1145.8 39

40 Credit market instruments 309.4 335.8 300.3 425.8 493.5 581.4 672.0 825.0 1000.8 1046.2 40

41 Home mortgages (7) 153.6 204.9 215.5 301.4 378.0 383.3 507.1 704.5 874.8 922.5 41

42 Consumer credit 147.0 105.7 70.3 97.1 112.4 176.5 150.6 105.2 105.9 117.2 42

43 Municipal securities 0.2 6.1 7.1 11.8 10.4 5.8 13.8 12.6 13.8 11.4 43

44 Bank loans n.e.c. (8) 17.4 0.5 8.0 5.5 -11.4 0.7 -22.0 -24.2 12.1 -23.0 44

45 Other loans and advances 0.7 13.9 0.7 -0.4 -5.1 1.3 0.9 0.2 -1.5 0.3 45

46 Commercial mortgages -9.6 4.7 -1.2 10.5 9.3 13.7 21.7 26.8 -4.3 17.8 46

47 Security credit 3.5 15.8 36.8 21.6 75.2 7.2 -38.8 -48.2 34.3 81.5 47

48 Trade payables 7.9 8.0 8.9 8.7 4.1 3.8 -1.9 19.1 4.8 16.5 48

 Deferred and unpaid

49 life insurance premiums 0.7 0.8 0.3 -1.4 2.1 0.1 -0.4 0.9 0.9 1.6 49

50 Discrepancy -50.6 -77.4 -65.1 -8.4 135.5 387.6 71.0 241.5 45.3 -101.6 50

(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 33) and life insurance and pension reserves (lines 35 and 36).

(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, 1995-2004, March 11, 2010

F.101 Nonfinancial Business (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Income before taxes 1035.5 1152.0 1242.1 1212.3 1278.6 1313.6 1253.5 1296.0 1414.1 1752.5 1

 2 Gross saving less net capital transfers paid 719.0 784.2 840.9 814.8 872.9 870.9 913.7 970.7 996.1 1123.8 2

 3 Gross investment 764.0 807.2 848.9 865.8 979.1 1065.1 1066.3 980.0 1023.7 1224.8 3

 4 Capital expenditures 751.0 798.7 914.7 968.8 1057.6 1159.8 1029.1 977.1 1001.7 1113.1 4

 5 Fixed investment 718.6 769.4 841.1 906.1 1004.3 1112.6 1075.6 975.2 995.0 1057.8 5

 6 Residential 48.6 47.4 44.2 42.9 61.3 62.9 61.6 65.6 78.9 80.7 6

 7 Nonresidential 669.9 722.0 796.9 863.2 942.9 1049.7 1013.9 909.7 916.0 977.2 7

 8 Change in inventories 31.2 30.8 71.0 63.7 60.8 54.5 -38.3 12.0 16.4 64.9 8

 9 Nonproduced nonfinancial assets 1.3 -1.5 2.6 -1.0 -7.5 -7.4 -8.2 -10.2 -9.7 -9.7 9

10 Net financial investment 12.9 8.5 -65.7 -103.0 -78.4 -94.7 37.2 2.9 22.1 111.8 10

11 Net acquisition of financial assets 500.9 544.2 395.8 787.9 1146.0 1445.9 327.9 214.2 164.4 1147.7 11

12 Foreign deposits 1.7 10.8 -5.1 7.4 0.9 -7.4 -8.5 5.1 17.6 15.6 12

13 Checkable deposits and currency 18.1 28.5 15.0 -5.5 41.3 24.1 -63.4 -37.8 56.3 94.8 13

14 Time and savings deposits 7.6 33.5 45.4 69.0 97.3 103.5 15.9 24.6 116.1 24.5 14

15 Money market fund shares 24.8 9.9 23.9 48.3 36.6 45.2 120.1 36.2 -34.4 28.3 15

16 Security RPs 0.3 1.5 0.7 -0.4 1.6 -1.6 -0.2 2.2 -0.2 0.4 16

17 Credit market instruments -4.9 -6.2 -4.6 -4.0 -27.4 28.5 2.4 25.1 -1.1 42.7 17

18 Commercial paper 1.3 11.4 4.6 3.3 8.2 10.2 2.4 4.6 10.9 19.3 18

19 Treasury securities 11.6 -5.1 -16.6 2.5 -5.0 1.7 1.4 14.5 3.5 5.6 19

20 Agency- and GSE-backed securities 3.5 5.1 -20.5 2.6 1.8 3.0 2.1 -0.7 -4.8 0.1 20

21 Municipal securities -19.3 -5.4 -3.1 -2.0 -0.9 6.7 -1.5 2.7 2.6 -1.9 21

22 Mortgages -0.5 -4.9 24.3 -5.4 -28.2 1.7 6.5 2.3 2.3 19.4 22

23 Consumer credit -1.6 -7.3 6.7 -5.1 -3.2 5.4 -8.4 1.6 -15.7 0.2 23

24 Mutual fund shares 4.6 8.7 -6.4 6.7 7.4 3.5 4.4 0.9 11.0 1.4 24

25 Trade receivables 93.3 117.6 123.1 115.5 248.6 351.2 -119.5 -79.4 -43.0 155.5 25

26 Miscellaneous assets 355.4 339.9 203.8 551.0 739.6 898.8 376.8 237.4 42.0 784.5 26

27 Net increase in liabilities 488.0 535.7 461.6 890.9 1224.4 1540.6 290.7 211.3 142.3 1035.9 27

28 Credit market instruments 285.0 272.2 438.3 565.6 581.1 562.2 377.3 191.5 166.0 464.2 28

29 Commercial paper 18.1 -0.9 13.7 24.4 37.4 48.1 -83.1 -57.9 -37.3 15.3 29

30 Municipal securities 3.1 3.1 4.2 5.8 5.1 1.4 3.5 2.9 3.3 5.3 30

31 Corporate bonds 104.2 128.0 181.1 214.9 225.9 164.0 343.4 133.4 152.2 75.5 31

32 Bank loans n.e.c. 86.3 69.9 98.4 102.1 89.8 95.0 -65.5 -84.0 -88.3 28.2 32

33 Other loans and advances 36.3 22.0 58.1 69.7 43.7 97.0 2.3 39.0 11.7 58.0 33

34 Mortgages 37.0 50.2 82.8 148.7 179.3 156.7 176.7 158.2 124.5 281.9 34

35 Corporate equities -58.3 -47.3 -77.4 -215.5 -110.4 -118.2 -48.1 -16.2 -39.6 -122.7 35

36 Trade payables 94.9 81.5 97.2 88.0 213.0 354.1 -108.4 45.1 -80.9 121.4 36

37 Taxes payable 0.5 11.9 13.6 9.0 15.9 18.6 7.1 13.4 -12.2 15.1 37

38 Miscellaneous liabilities 144.5 217.7 9.8 479.4 604.5 758.6 89.8 54.9 55.4 493.3 38

39 Proprietors’ net investment 21.3 -0.3 -20.0 -35.5 -79.7 -34.7 -27.0 -77.4 53.6 64.6 39

40 Discrepancy -44.9 -23.0 -8.0 -50.9 -106.2 -194.3 -152.6 -9.3 -27.7 -101.0 40

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 1995-2004, March 11, 2010 11

F.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Profits before tax (book) 430.7 469.9 505.2 460.6 467.7 431.8 314.3 342.9 424.8 659.9 1

 2 - Taxes on corporate income 139.9 152.4 160.9 158.2 170.9 169.8 110.9 97.0 132.4 186.2 2

 3 - Net dividends 176.9 196.5 214.3 239.6 222.7 249.5 243.5 252.8 291.3 361.7 3

 4 + Capital consumption allowance (1) 461.1 493.2 526.9 562.5 603.1 636.6 673.5 736.5 735.2 739.2 4

 5 = U.S. internal funds, book 574.9 614.1 657.0 625.3 677.1 649.2 633.4 729.6 736.4 851.2 5

 6 + Foreign earnings retained abroad 52.7 54.1 52.8 53.0 69.8 102.5 113.7 95.8 114.8 120.4 6

 7 + Inventory valuation adjustment (IVA) -18.3 3.1 14.1 15.7 -4.0 -16.8 8.0 -2.6 -11.3 -34.3 7

 8 - Net capital transfers paid (2) -0.4 0.0 0.0 0.0 -0.9 0.0 -12.5 -0.0 -0.1 -6.7 8

 9 = Total internal funds + IVA 609.8 671.3 723.8 694.1 743.8 734.9 767.7 822.9 839.9 944.0 9

10 Gross investment 654.7 694.3 731.8 745.0 850.1 929.1 920.3 832.1 867.6 1045.0 10

11 Capital expenditures 621.3 643.6 750.8 796.6 877.3 967.9 845.3 782.5 798.2 878.4 11

12 Fixed investment (3) 579.9 624.0 683.9 738.3 824.5 922.1 889.9 778.9 792.4 834.8 12

13 Inventory change + IVA 40.1 21.0 64.3 59.3 60.4 53.1 -36.4 13.8 15.5 53.3 13

14 Nonproduced nonfinancial assets 1.3 -1.5 2.6 -1.0 -7.5 -7.4 -8.2 -10.2 -9.7 -9.7 14

15 Net financial investment 33.4 50.7 -19.0 -51.6 -27.3 -38.8 75.0 49.6 69.4 166.6 15

16 Net acquisition of financial assets 424.2 449.2 264.5 564.4 960.3 1198.6 170.2 134.5 82.8 775.6 16

17 Foreign deposits 1.7 10.8 -5.1 7.4 0.9 -7.4 -8.5 5.1 17.6 15.6 17

18 Checkable deposits and currency 4.5 9.3 -7.4 -12.0 36.0 15.5 -64.5 -40.9 49.9 -12.5 18

19 Time and savings deposits 3.3 30.0 34.7 28.2 44.3 35.5 8.8 10.2 71.5 37.7 19

20 Money market fund shares 22.9 7.7 20.2 38.6 28.4 36.5 110.5 33.8 -36.7 25.3 20

21 Security RPs 0.3 1.5 0.7 -0.4 1.6 -1.6 -0.2 2.2 -0.2 0.4 21

22 Credit market instruments -8.8 -10.2 -7.2 -17.0 -24.2 26.5 -4.7 25.8 -2.6 31.2 22

23 Commercial paper 1.3 11.4 4.6 3.3 8.2 10.2 2.4 4.6 10.9 19.3 23

24 Treasury securities 6.3 -10.0 -20.2 -3.2 -4.2 -1.3 -1.3 14.5 1.4 0.3 24

25 Agency- and GSE-backed securities 3.5 5.1 -20.5 2.6 1.8 3.0 2.1 -0.7 -4.8 0.1 25

26 Municipal securities -19.9 -5.8 -3.6 -1.6 -0.7 6.9 -2.6 2.8 3.3 -3.6 26

27 Mortgages 1.6 -3.6 25.9 -13.0 -26.0 2.3 3.1 2.9 2.2 14.8 27

28 Consumer credit -1.6 -7.3 6.7 -5.1 -3.2 5.4 -8.4 1.6 -15.7 0.2 28

29 Mutual fund shares 4.6 8.7 -6.4 6.7 7.4 3.5 4.4 0.9 11.0 1.4 29

30 Trade receivables 78.0 88.1 88.0 87.3 209.2 281.6 -121.3 -98.3 -17.8 128.8 30

31 Miscellaneous assets 317.8 303.4 147.0 425.4 656.8 808.5 245.7 195.7 -9.8 547.6 31

32 U.S. direct investment abroad (4) 90.3 76.8 84.3 129.2 200.7 138.0 123.8 131.1 125.3 272.4 32

33 Insurance receivables 8.2 2.6 1.9 1.7 1.0 -0.3 10.3 17.4 18.4 18.9 33

34 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Investment in finance co. subs. 5.9 0.6 4.9 -10.0 10.6 65.2 -17.8 6.9 2.6 2.6 35

36 Other 213.4 223.4 55.9 304.6 444.5 605.7 129.4 40.3 -156.1 253.7 36

37 Net increase in liabilities 390.8 398.5 283.5 616.0 987.6 1237.4 95.2 84.9 13.4 609.0 37

38 Net funds raised in markets 178.9 151.4 255.7 166.3 271.5 244.5 161.0 17.3 47.5 80.6 38

39 Net new equity issues -58.3 -47.3 -77.4 -215.5 -110.4 -118.2 -48.1 -16.2 -39.6 -122.7 39

40 Credit market instruments 237.2 198.7 333.1 381.9 381.9 362.7 209.2 33.6 87.1 203.3 40

41 Commercial paper 18.1 -0.9 13.7 24.4 37.4 48.1 -83.1 -57.9 -37.3 15.3 41

42 Municipal securities (5) 3.1 3.1 4.2 5.8 5.1 1.4 3.5 2.9 3.3 5.3 42

43 Corporate bonds (4) 104.2 128.0 181.1 214.9 225.9 164.0 343.4 133.4 152.2 75.5 43

44 Bank loans n.e.c. 74.5 40.4 51.1 76.2 40.0 43.8 -109.6 -108.2 -99.2 -5.6 44

45 Other loans and advances (6) 29.8 18.9 51.9 60.8 33.5 83.7 3.3 33.1 7.0 54.7 45

46 Mortgages 7.5 9.3 31.1 -0.1 40.1 21.7 51.7 30.3 61.2 58.1 46

47 Trade payables 81.0 49.5 65.1 57.6 178.5 313.3 -103.7 19.7 -54.7 97.3 47

48 Taxes payable -0.0 9.6 9.3 4.8 7.0 7.0 3.1 11.9 -11.7 6.8 48

49 Miscellaneous liabilities 131.0 188.0 -46.7 387.2 530.6 672.6 34.9 35.9 32.4 424.4 49

50 Foreign direct investment in U.S. 54.9 71.5 99.0 144.9 183.6 249.4 141.5 74.5 40.2 95.7 50

51 Pension fund contributions payable 5.4 5.4 8.4 12.9 -18.4 -19.1 -24.6 1.5 -0.2 -3.1 51

52 Other 70.7 111.1 -154.1 229.4 365.4 442.3 -82.1 -40.1 -7.7 331.9 52

53 Discrepancy -44.9 -23.0 -8.0 -50.9 -106.2 -194.3 -152.6 -9.3 -27.7 -101.0 53

 Memo:

54 Financing gap (7) 64.7 26.4 79.7 155.6 204.2 335.5 203.8 55.5 73.1 61.5 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, 1995-2004, March 11, 2010

F.103 Nonfarm Noncorporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net income with IVA and CCAdj 581.4 643.7 704.3 722.8 782.5 852.1 908.7 934.6 952.8 1042.9 1

 2 Gross saving = capital consumption 88.4 91.7 95.6 100.7 107.0 114.3 120.5 125.9 131.9 139.9 2

 3 Gross saving less net capital transfers paid (1) 89.6 91.7 95.6 100.7 107.8 114.3 123.7 125.9 131.9 153.8 3

 4 Gross investment 89.6 91.7 95.6 100.7 107.8 114.3 123.7 125.9 131.9 153.8 4

 5 Capital expenditures 120.2 124.5 135.2 145.4 161.2 168.9 157.4 167.8 173.5 192.2 5

 6 Fixed investment (2) 118.1 123.4 131.8 142.3 158.0 166.1 159.3 167.0 172.7 189.4 6

 7 Change in inventories 2.1 1.1 3.4 3.1 3.2 2.8 -1.9 0.7 0.8 2.8 7

 8 Net financial investment -30.7 -32.7 -39.6 -44.7 -53.4 -54.6 -33.7 -41.9 -41.6 -38.3 8

 9 Net acquisition of financial assets 75.2 95.1 130.7 218.5 183.8 246.8 155.9 78.2 79.6 369.0 9

10 Checkable deposits and currency 13.2 19.3 22.2 4.7 4.7 8.4 0.5 2.6 5.8 106.3 10

11 Time and savings deposits 4.3 3.5 10.7 40.7 53.1 68.1 7.1 14.5 44.7 -13.2 11

12 Money market mutual funds 1.9 2.2 3.7 9.7 8.1 8.7 9.6 2.3 2.3 2.9 12

13 Treasury securities 5.3 4.9 3.7 5.7 -0.8 3.0 2.7 0.0 2.1 5.3 13

14 Municipal securities 0.6 0.4 0.5 -0.4 -0.1 -0.3 1.1 -0.1 -0.7 1.7 14

15 Mortgages -2.1 -1.4 -1.6 7.6 -2.2 -0.7 3.4 -0.6 0.1 4.6 15

16 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Trade receivables 15.3 29.5 35.1 28.2 39.4 69.6 1.8 18.9 -25.1 26.6 17

18 Miscellaneous assets 36.7 36.6 56.4 122.2 81.7 89.9 129.9 40.7 50.5 234.9 18

19 Insurance receivables 2.0 0.6 0.5 0.4 0.2 -0.1 2.5 4.2 4.4 3.5 19

20 Equity investment in GSEs (3) 0.0 0.7 0.0 -0.1 0.0 0.0 0.1 0.0 0.3 -0.1 20

21 Other 34.7 35.2 55.9 121.9 81.4 90.0 127.3 36.5 45.8 231.4 21

22 Net increase in liabilities 105.8 127.8 170.3 263.1 237.2 301.4 189.6 120.0 121.1 407.3 22

23 Credit market instruments 45.3 69.3 98.0 175.6 195.9 197.4 161.7 150.8 91.5 245.2 23

24 Bank loans n.e.c. 10.7 28.9 43.8 24.8 50.7 48.5 44.0 25.1 11.3 31.7 24

25 Other loans and advances 6.8 2.2 6.5 6.6 10.2 11.5 -3.5 4.7 4.7 2.2 25

26 Mortgages 27.8 38.2 47.7 144.2 135.1 137.5 121.2 121.0 75.5 211.3 26

27 Trade payables 12.4 30.6 31.0 30.8 34.7 46.6 -4.9 26.0 -25.7 22.2 27

28 Taxes payable 0.6 2.3 4.3 4.1 8.9 11.7 4.0 1.5 -0.5 8.4 28

29 Miscellaneous liabilities 13.5 29.7 56.5 92.3 73.8 86.0 54.9 19.0 23.0 68.9 29

30 Proprietors’ net investment 34.0 -4.1 -19.5 -39.6 -76.2 -40.4 -26.1 -77.2 32.8 62.8 30

(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 Proprietors’ net income with IVA and CCAdj 23.4 38.4 32.6 28.9 28.5 29.6 30.5 18.5 36.5 49.7 1

 2 Net saving (corporate) 0.2 1.0 0.6 -2.0 -1.5 -1.6 -1.6 -2.7 -1.5 -1.4 2

 3 Consumption of fixed capital 19.4 20.2 21.0 22.0 22.8 23.3 23.9 24.7 25.8 27.4 3

 4 Corporate 2.3 2.6 3.0 3.3 3.5 3.7 3.8 4.0 4.2 4.6 4

 5 Noncorporate 17.2 17.7 18.0 18.8 19.3 19.6 20.1 20.6 21.5 22.7 5

 6 Gross saving 19.7 21.2 21.5 20.0 21.3 21.6 22.3 21.9 24.2 26.0 6

 7 Gross investment 19.7 21.2 21.5 20.0 21.3 21.6 22.3 21.9 24.2 26.0 7

 8 Capital expenditures 9.5 30.6 28.7 26.7 19.1 23.0 26.4 26.8 30.0 42.5 8

 9 Fixed investment (2) 20.5 22.0 25.4 25.5 21.8 24.4 26.4 29.3 29.9 33.6 9

10 Change in inventories -11.1 8.6 3.3 1.3 -2.7 -1.4 0.0 -2.5 0.1 8.8 10

11 Net financial investment 10.2 -9.5 -7.2 -6.7 2.2 -1.3 -4.1 -4.8 -5.8 -16.5 11

12 Net acquisition of financial assets 1.5 -0.1 0.7 5.1 1.8 0.5 1.8 1.6 2.0 3.1 12

13 Checkable deposits and currency 0.5 -0.0 0.2 1.7 0.6 0.2 0.6 0.5 0.7 1.0 13

14 Miscellaneous assets 1.0 -0.1 0.4 3.4 1.2 0.4 1.2 1.0 1.3 2.0 14

15 Insurance receivables 1.1 0.6 0.4 3.2 1.2 0.3 0.8 0.9 0.9 1.8 15

16 Equity investment in GSEs (3) -0.1 -0.6 0.0 0.1 -0.0 0.0 0.4 0.1 0.4 0.2 16

17 Net increase in liabilities -8.7 9.4 7.9 11.8 -0.4 1.9 5.9 6.4 7.8 19.5 17

18 Credit market instruments 2.5 4.2 7.3 8.1 3.3 2.0 6.4 7.1 -12.6 15.8 18

19 Bank loans n.e.c. 1.1 0.6 3.5 1.2 -0.9 2.7 -0.0 -0.9 -0.4 2.2 19

20 Other loans and advances -0.3 0.8 -0.4 2.3 0.1 1.8 2.6 1.2 0.1 1.1 20

21 Mortgages 1.8 2.7 4.1 4.6 4.1 -2.5 3.8 6.9 -12.2 12.5 21

22 Trade payables 1.5 1.4 1.1 -0.4 -0.2 -5.8 0.3 -0.5 -0.4 1.9 22

23 Proprietors’ net investment -12.8 3.8 -0.5 4.1 -3.5 5.6 -0.8 -0.2 20.8 1.8 23

(1) Corporate and noncorporate farms.

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

(3) Equity in the Farm Credit System.
FFA, 1995-2004, March 11, 2010 13

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Current receipts, NIPA basis 991.9 1045.1 1099.5 1164.5 1240.4 1322.6 1374.0 1412.7 1496.3 1601.0 1

 2 Personal current taxes 158.1 168.7 182.0 201.2 214.5 236.7 243.0 221.8 226.2 248.6 2

 3 Taxes on production and imports 482.4 507.9 533.8 558.8 590.2 621.3 642.4 676.0 717.5 769.1 3

 4 Taxes on corporate income 31.7 33.0 34.1 34.9 35.8 35.2 28.9 30.9 34.0 41.7 4

 5 Contributions for govt. social insurance 13.6 12.5 10.8 10.4 9.8 10.8 13.7 15.9 20.1 24.1 5

 6 Income receipts on assets 68.5 73.4 78.2 81.5 85.8 94.3 90.0 79.6 74.0 77.1 6

 7 Current transfer receipts 224.2 234.0 246.4 265.3 291.1 313.9 348.0 382.3 421.3 439.4 7

 8 Current surplus of government enterprises 13.5 15.6 14.2 12.5 13.3 10.4 8.0 6.1 3.3 1.0 8

 9 Current expenditures, NIPA basis 982.7 1022.1 1063.2 1117.6 1198.6 1281.3 1389.9 1466.8 1535.1 1609.3 9

10 Consumption expenditures 701.3 730.2 764.5 808.6 870.6 930.6 994.2 1049.4 1096.5 1139.1 10

11 Govt. social benefit payments to persons 217.6 224.3 227.6 235.8 252.3 271.4 305.1 333.0 353.4 384.3 11

12 Interest payments 63.5 67.3 70.6 72.8 75.2 78.8 83.0 83.5 85.1 85.6 12

13 Subsidies 0.3 0.3 0.4 0.4 0.4 0.5 7.7 0.9 0.1 0.4 13

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

15 Net state and local govt. saving, NIPA basis 9.2 23.0 36.3 46.9 41.8 41.3 -15.9 -54.1 -38.8 -8.4 15

16 + Consumption of fixed capital 83.1 87.2 91.6 96.2 102.1 109.7 116.0 121.8 127.3 137.1 16

17 - Net capital transfers paid (2) -32.4 -33.8 -35.2 -35.9 -39.8 -43.8 -51.2 -52.4 -51.5 -47.5 17

18 = Gross saving less net capital transfers paid 124.7 144.1 163.1 178.9 183.7 194.7 151.3 120.1 139.9 176.2 18

19 Gross investment 194.4 200.2 212.7 268.2 251.9 266.7 216.9 168.3 200.6 249.0 19

20 Fixed investment 154.0 163.8 178.9 186.4 205.7 224.3 240.5 253.3 259.6 269.1 20

21 Nonproduced nonfinancial assets 6.6 6.0 5.8 7.6 8.6 8.6 10.1 11.2 11.4 11.4 21

22 Net financial investment 33.9 30.4 27.9 74.2 37.5 33.9 -33.7 -96.2 -70.4 -31.5 22

23 Net acq. of financial assets -9.7 28.0 98.2 161.8 97.6 75.7 98.7 76.6 79.1 112.8 23

24 Checkable deposits and currency 3.4 -5.5 4.4 -3.9 3.9 0.1 4.0 5.2 7.0 -6.8 24

25 Time and savings deposits 6.6 10.6 5.8 14.8 14.0 10.6 12.0 8.8 20.3 11.6 25

26 Money market fund shares 4.8 1.4 3.6 31.1 4.5 2.7 3.2 1.6 4.0 3.9 26

27 Security RPs -3.0 32.1 3.6 4.2 -2.5 -10.3 -10.9 -16.3 7.9 7.7 27

28 Credit market instruments -91.4 -33.7 0.1 109.7 101.9 70.7 93.9 86.2 58.3 72.4 28

29 Open market paper 17.1 20.3 14.3 12.8 17.5 15.2 17.5 14.3 10.3 10.1 29

30 Treasury securities -80.2 -32.8 -17.7 41.4 23.8 5.5 18.4 26.2 9.5 24.9 30

31 Agency- and GSE-backed securities -35.1 -35.3 -0.8 38.7 44.2 41.4 47.3 41.7 22.5 21.9 31

32 Municipal securities -3.5 -0.5 -0.7 -0.7 0.3 0.2 0.2 0.1 0.3 0.3 32

33 Corporate and foreign bonds 7.1 10.7 1.3 11.4 11.6 9.8 11.3 9.1 7.1 6.9 33

34 Mortgages 3.3 3.8 3.7 6.1 4.4 -1.3 -0.8 -5.3 8.5 8.3 34

35 Corporate equities 12.1 14.5 16.8 -8.8 -21.7 6.1 4.1 10.3 -17.0 -4.2 35

36 Mutual fund shares -3.6 -0.6 -18.2 -13.2 -8.1 1.2 0.4 2.1 -5.2 -1.3 36

37 Trade receivables 6.1 5.6 6.3 7.0 8.7 4.9 6.0 2.6 8.1 7.9 37

38 Taxes receivable 0.5 2.4 4.3 4.9 9.7 11.2 1.0 2.5 0.9 11.4 38

39 Miscellaneous assets 54.7 1.4 71.5 16.1 -12.9 -21.6 -15.1 -26.2 -5.2 10.1 39

40 Net increase in liabilities -43.6 -2.4 70.3 87.6 60.1 41.9 132.4 172.8 149.5 144.2 40

41 Credit market instruments -60.8 -20.5 50.8 66.8 37.3 16.9 105.5 144.6 120.5 114.1 41

42 Municipal securities -60.9 -15.7 45.6 66.7 38.9 16.5 105.4 143.9 120.5 113.8 42

43 Short-term 1.2 6.3 8.3 -6.3 2.6 1.4 23.8 25.2 10.4 -5.9 43

44 Other -62.1 -22.0 37.3 72.9 36.3 15.1 81.6 118.7 110.1 119.7 44

45 U.S. government loans 0.1 -4.8 5.1 0.1 -1.6 0.4 0.1 0.6 0.1 0.3 45

46 Trade payables 17.2 18.2 19.5 20.8 22.8 25.0 26.9 28.3 29.0 30.2 46

47 Discrepancy -69.8 -56.2 -49.6 -89.3 -68.1 -72.0 -65.6 -48.2 -60.6 -72.8 47

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

(2) Table F.9, line 61.
14 FFA, 1995-2004, March 11, 2010

F.106 Federal Government

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Current receipts, NIPA basis 1407.8 1526.4 1656.2 1777.9 1895.0 2057.1 2020.3 1859.3 1885.1 2013.9 1

 2 Personal current taxes 585.8 663.3 744.2 825.2 893.0 995.6 991.8 828.6 774.2 799.2 2

 3 Taxes on production and imports 75.6 72.9 77.8 80.7 83.4 87.3 85.3 86.8 89.3 94.3 3

 4 Taxes on corporate income 179.3 190.6 203.0 204.2 213.0 219.4 164.7 150.5 197.8 250.3 4

 5 Taxes from the rest of the world 3.9 5.2 5.1 5.7 5.9 7.3 7.7 7.6 9.0 10.0 5

 6 Contributions for govt. social insurance 521.9 545.4 579.4 617.4 654.8 698.6 723.3 739.3 762.8 807.6 6

 7 Income receipts on assets 23.3 26.5 25.4 21.2 20.6 24.5 24.5 20.3 22.8 23.2 7

 8 Current transfer receipts 18.4 23.8 21.3 22.6 23.4 25.7 27.0 26.1 25.6 29.0 8

 9 Current surplus of government enterprises -0.3 -1.2 -0.1 0.8 0.8 -1.2 -4.0 0.2 3.7 0.3 9

10 Current expenditures, NIPA basis 1614.0 1674.7 1716.3 1744.3 1796.2 1871.9 1979.8 2112.1 2261.5 2393.4 10

11 Consumption expenditures 440.1 446.5 457.5 454.6 473.3 496.0 530.2 590.5 660.3 721.4 11

12 Government social benefits 649.4 684.5 710.0 724.4 743.8 777.8 845.7 924.6 972.7 1024.9 12

13 Other current transfer payments 199.6 211.5 215.4 230.6 251.6 269.6 294.3 327.5 366.6 380.1 13

14 Interest payments 290.4 297.3 300.0 298.8 282.7 283.3 258.6 229.1 212.9 221.0 14

15 Subsidies 34.5 34.9 33.4 35.9 44.8 45.3 51.1 40.5 49.0 46.0 15

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

17 Net federal government saving, NIPA basis -206.2 -148.2 -60.1 33.6 98.8 185.2 40.5 -252.8 -376.4 -379.5 17

18 + Consumption of fixed capital 81.7 81.9 82.5 82.8 85.0 87.8 88.6 89.2 90.8 94.8 18

19 - Insurance and pension reserves (1) 3.6 3.4 3.4 4.4 3.8 1.8 3.3 -1.7 -0.6 0.0 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 2.7 2.8 3.0 3.1 3.3 3.6 3.7 3.8 3.9 4.4 20

21 - Net capital transfers paid (2) 13.0 10.9 8.7 3.7 7.6 8.5 14.1 23.9 40.6 38.9 21

22 = Gross saving less net capital transfers paid -143.8 -83.4 7.3 105.2 169.1 259.2 108.0 -189.5 -329.5 -327.9 22

23 Gross investment -127.4 -114.5 6.0 90.4 189.7 278.6 80.9 -201.8 -380.8 -330.8 23

24 Fixed investment 78.6 80.4 73.4 76.4 81.6 80.1 81.5 90.1 96.2 103.3 24

25 Nonproduced nonfinancial assets -7.4 -3.8 -7.6 -5.8 -0.4 -0.2 -0.7 0.3 -0.2 0.0 25

26 Net financial investment -198.6 -191.2 -59.8 19.8 108.4 198.7 -0.0 -292.2 -476.9 -434.1 26

27 Net acq. of financial assets -29.5 7.4 -2.7 -4.4 75.0 -68.8 53.3 8.4 34.2 4.3 27

28 Gold, SDRs, and official foreign exchange 6.4 -2.9 2.5 6.0 -7.1 -0.7 4.6 3.4 -1.8 -3.1 28

29 Checkable deposits and currency -0.0 11.0 -0.5 -16.7 66.2 -65.1 41.1 -17.1 9.3 -31.0 29

30 Time and savings deposits 0.3 1.4 1.0 1.3 0.7 1.0 4.2 17.1 -25.2 -0.0 30

31 Credit market instruments -24.7 3.9 11.3 5.6 4.3 8.1 3.9 8.0 -2.6 2.3 31

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

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Other loans and advances -13.5 2.6 5.9 -2.4 -7.0 -2.8 -7.8 -0.5 -2.0 -3.0 34

35 Mortgages -13.5 -7.2 -4.5 -0.8 -0.1 -0.9 -1.1 0.5 -2.5 1.6 35

36 Consumer credit (3) 2.3 8.5 10.0 8.9 11.5 11.7 12.8 8.0 1.9 3.7 36

37 Corporate equities (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Trade receivables -1.6 0.9 -3.2 1.5 4.6 5.3 7.3 -3.3 19.1 10.5 38

39 Taxes receivable -7.9 -0.3 -10.3 -9.3 1.2 -22.0 -9.8 -2.8 33.5 22.3 39

40 Miscellaneous assets -2.1 -6.7 -3.5 7.1 5.1 4.6 2.0 3.1 2.0 3.3 40

41 Net increase in liabilities 169.1 198.5 57.1 -24.2 -33.4 -267.5 53.3 300.6 511.1 438.4 41

42 SDR certificates 2.2 -0.5 -0.5 0.0 -3.0 -4.0 0.0 0.0 0.0 0.0 42

43 Treasury currency 0.7 0.5 0.5 0.6 1.0 2.4 1.3 1.0 0.6 0.7 43

44 Credit market instruments 144.4 144.9 23.1 -52.6 -71.2 -295.9 -5.6 257.6 396.0 361.9 44

45 Savings bonds 5.1 2.0 -0.5 0.1 -0.2 -1.7 5.6 4.5 8.9 0.6 45

46 Other Treasury securities 137.9 144.5 23.7 -54.7 -70.8 -293.2 -10.7 252.5 389.5 361.9 46

47 Budget agency securities 1.5 -1.6 -0.1 2.0 -0.2 -1.0 -0.5 0.5 -2.4 -0.6 47

48 Multifamily residential mortgages 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

49 Trade payables -4.5 1.1 -8.3 -7.6 0.2 5.7 3.2 1.0 71.7 15.4 49

50 Insurance reserves 1.0 0.6 1.7 1.3 1.4 1.4 1.4 1.6 1.1 1.1 50

51 Miscellaneous liabilities (5) 25.3 51.8 40.6 34.1 38.2 22.9 53.0 39.5 41.7 59.3 51

52 Nonmarketable securities held by pension plans 20.8 55.1 40.3 41.2 41.1 20.9 60.8 24.5 24.7 40.9 52

53 Other 4.5 -3.3 0.3 -7.1 -2.9 2.0 -7.8 14.9 17.1 18.4 53

54 Discrepancy -16.4 31.1 1.3 14.8 -20.5 -19.4 27.2 12.2 51.4 2.9 54

 Memo:

55 Change in cash balance (6) -5.7 12.9 -2.2 -12.8 59.4 -55.1 5.2 -1.6 -24.8 -3.1 55

(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 Assets 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, 1995-2004, March 11, 2010 15

F.107 Rest of the World

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Foreign income from U.S. 1146.2 1227.6 1363.3 1444.6 1600.7 1884.1 1742.4 1768.1 1910.5 2253.4 1

 2 U.S. imports 902.6 964.0 1055.8 1115.7 1251.4 1475.3 1398.7 1430.2 1545.1 1798.9 2

 3 U.S. income payments to rest of world 199.6 214.2 256.1 268.9 291.7 342.8 271.1 264.4 284.6 357.4 3

 4 Current taxes and trans. payments to rest of world 44.0 49.5 51.4 60.0 57.6 66.1 72.6 73.5 80.7 97.1 4

 5 Foreign outlays to U.S. 1041.1 1113.5 1233.9 1240.1 1308.8 1473.7 1350.7 1316.5 1394.3 1628.8 5

 6 U.S. exports 811.9 867.7 954.4 953.9 989.3 1093.2 1027.7 1003.0 1041.0 1180.2 6

 7 U.S. income receipts from rest of world 229.3 245.8 279.5 286.2 319.5 380.5 323.0 313.5 353.3 448.6 7

 8 - Net capital transfers paid (1) -0.6 -0.2 -0.4 -0.2 -4.5 -0.4 12.9 -0.6 -2.2 2.8 8

 9 Gross saving less net capital transfers paid (2) 105.7 114.3 129.7 204.8 296.4 410.7 378.7 452.1 518.3 621.8 9

10 Gross investment 81.4 133.0 217.1 65.5 232.5 475.7 410.9 497.8 527.8 531.9 10

11 Nonproduced nonfinancial assets -0.5 -0.7 -0.8 -0.7 -0.8 -1.0 -1.2 -1.3 -1.6 -1.7 11

12 Net financial investment 81.9 133.7 218.0 66.2 233.2 476.7 412.2 499.0 529.4 533.7 12

13 Net acquisition of financial assets 415.7 518.6 595.0 390.6 710.5 954.3 657.7 768.6 817.1 1404.0 13

14 Gold and SDRs (3) -0.8 0.4 -0.4 -0.1 0.0 -0.7 -0.6 -0.5 0.6 -0.4 14

15 Net interbank assets 11.1 -52.0 -4.3 -27.1 -5.7 20.8 -45.6 4.2 -10.1 8.8 15

16 U.S. checkable deposits and currency 9.9 16.7 27.5 10.5 24.3 -1.2 18.8 18.3 14.6 22.4 16

17 U.S. time deposits -6.6 10.9 13.1 51.9 3.0 -17.3 0.6 41.2 5.2 34.1 17

18 Money market fund shares 0.8 0.8 0.8 0.8 0.8 3.1 3.9 1.1 2.6 4.1 18

19 Security RPs 21.0 3.2 20.0 -18.8 8.0 11.4 59.7 39.1 270.1 204.9 19

20 Credit market instruments 246.8 379.6 259.6 168.5 146.4 242.2 299.2 467.2 582.8 854.4 20

21 Open market paper 18.6 14.4 19.9 33.6 -6.4 9.3 -5.9 18.1 66.2 37.0 21

22 Treasury securities 160.5 262.7 123.7 18.7 -32.3 -75.2 19.3 160.9 276.4 366.9 22

23 Official 69.0 115.7 -6.7 -9.9 12.2 -5.2 33.7 60.5 184.9 273.3 23

24 Private 91.5 147.0 130.4 28.6 -44.5 -70.0 -14.4 100.4 91.5 93.6 24

25 Agency- and GSE-backed securities 17.6 26.8 30.3 11.1 63.4 141.9 92.0 127.1 12.3 178.2 25

26 Official 3.7 5.0 4.5 6.3 20.4 40.9 12.2 41.6 46.8 93.5 26

27 Private 13.9 21.8 25.8 4.7 43.1 101.0 79.9 85.5 -34.5 84.7 27

28 Municipal securities 1.0 1.0 1.0 1.0 1.0 0.2 0.0 3.5 8.0 6.5 28

29 U.S. corporate bonds (4) 49.2 70.8 67.4 105.2 143.4 168.2 195.4 147.5 220.8 259.5 29

30 Loans to U.S. corporate business 0.0 3.9 17.3 -1.0 -22.7 -2.2 -1.6 10.1 -0.8 6.3 30

31 U.S. corporate equities 3.5 -3.5 53.2 27.4 104.5 199.7 134.3 54.4 5.2 25.0 31

32 Mutual fund shares 12.3 13.8 13.1 13.8 7.1 -9.2 -16.7 -1.5 26.2 32.7 32

33 Trade receivables 0.7 5.5 0.9 -6.5 -5.1 -0.4 -3.1 2.6 1.3 -1.1 33

34 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Miscellaneous assets 117.0 143.2 211.6 170.3 427.4 505.9 207.2 142.4 -81.3 219.0 35

36 Foreign direct investment in U.S. (5) 57.8 86.5 105.6 179.0 289.4 321.3 167.0 84.4 63.8 146.0 36

37 Other 59.2 56.7 106.0 -8.7 137.9 184.6 40.2 58.1 -145.0 73.1 37

38 Net increase in liabilities 333.8 384.9 377.0 324.4 477.3 477.6 245.5 269.5 287.7 870.3 38

 U.S. official foreign exchange

39 and net IMF position 8.8 -6.3 0.7 6.6 -8.7 -0.4 4.3 3.2 -0.9 -3.2 39

40 U.S. private deposits 35.3 85.9 107.7 9.1 48.9 126.9 6.8 21.0 36.0 89.9 40

41 Credit market instruments 78.3 88.0 69.9 37.2 19.0 63.0 -11.2 93.4 43.0 155.3 41

42 Commercial paper 13.5 11.3 3.7 7.8 16.3 31.7 18.3 58.8 18.9 69.2 42

43 Bonds 56.9 66.6 59.6 28.8 7.9 21.2 -18.5 31.6 28.7 85.8 43

44 Bank loans n.e.c. 8.5 9.1 8.5 6.6 0.5 11.4 -7.3 5.3 -2.5 3.8 44

45 Official 0.4 0.3 -0.8 0.7 0.2 0.6 0.8 0.8 -0.6 1.0 45

46 Banks 2.1 3.4 -0.5 -0.7 -3.2 3.4 -7.4 -0.8 3.8 4.5 46

47 Other 5.9 5.4 9.8 6.6 3.5 7.4 -0.7 5.3 -5.7 -1.7 47

48 U.S. government loans -0.8 -0.7 -1.6 -1.0 -4.8 -0.6 -1.1 -1.9 -2.1 -3.7 48

49 Acceptance liabilities to banks 0.3 1.8 -0.2 -5.0 -0.9 -0.7 -2.6 -0.4 0.0 0.1 49

50 Foreign corporate equities (6) 65.4 82.8 57.6 101.4 114.3 106.7 109.1 17.0 118.0 84.8 50

51 Trade payables 5.8 -1.7 5.2 -3.9 4.2 0.8 -7.7 -4.9 6.1 3.5 51

52 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Miscellaneous liabilities 140.2 136.0 135.9 174.0 299.7 180.7 144.2 139.9 85.6 540.1 53

54 U.S. equity in IBRD, etc. 1.5 1.8 1.6 1.6 1.5 1.5 1.7 1.5 1.4 2.0 54

55 Nonofficial foreign currencies 0.3 -0.1 -0.0 -0.1 0.6 0.0 -0.1 0.1 0.2 -0.0 55

56 U.S. direct investment abroad (4,5) 98.8 91.9 104.8 142.6 224.9 159.2 142.3 154.5 149.6 316.2 56

57 Other 39.7 42.4 29.6 29.9 72.7 19.9 0.2 -16.2 -65.6 222.0 57

58 Discrepancy (FOF basis) (7) 24.3 -18.7 -87.4 139.3 63.9 -65.0 -32.2 -45.6 -9.5 89.9 58

 Memo:

59 Net U.S. exports, NIPA basis -90.7 -96.3 -101.4 -161.8 -262.1 -382.1 -371.0 -427.2 -504.1 -618.7 59

60 + Net U.S. income receipts (8) 29.7 31.7 23.4 17.3 27.8 37.7 51.9 49.1 68.7 91.2 60

61 - Current taxes and trans. payments to rest of world 44.0 49.5 51.4 60.0 57.6 66.1 72.6 73.5 80.7 97.1 61

62 = Balance on current account, NIPAs -105.1 -114.1 -129.3 -204.5 -291.9 -410.4 -391.6 -451.6 -516.1 -624.6 62

(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 62 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, 1995-2004, March 11, 2010

F.108 Monetary Authority (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving -0.6 2.5 3.7 -0.7 1.7 6.5 2.9 0.2 -0.7 3.3 1

 2 Fixed nonresidential investment 1.6 1.7 1.9 2.4 3.4 2.8 2.4 2.3 2.4 3.1 2

 3 Net acquisition of financial assets 19.8 23.3 38.8 32.9 130.0 -60.9 47.0 70.7 43.2 44.4 3

 4 Gold and foreign exchange 3.2 -3.8 -1.5 0.8 -1.7 0.9 0.3 0.3 0.3 0.3 4

 5 SDR certificates 2.2 -0.5 -0.5 0.0 -3.0 -4.0 0.0 0.0 0.0 0.0 5

 6 Treasury currency 1.0 1.0 0.6 0.7 1.7 3.6 1.4 1.6 0.9 1.0 6

 7 Federal Reserve float 0.8 4.2 -3.6 0.9 -1.9 1.1 -0.9 0.4 -0.7 1.2 7

 8 Federal Reserve loans to domestic banks -0.1 -0.1 2.0 -2.0 0.2 -0.1 -0.1 0.0 0.0 -0.0 8

 9 Discount window (2) -0.1 -0.1 2.0 -2.0 0.2 -0.1 -0.1 0.0 0.0 -0.0 9

10 AMLF (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Security RPs 3.3 7.7 2.3 6.5 110.3 -97.3 6.9 -10.8 4.3 -10.8 11

12 Credit market instruments 12.7 12.3 38.3 21.1 25.7 33.7 39.9 77.7 37.2 51.2 12

13 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 13.7 12.7 39.8 21.4 25.8 33.7 40.0 77.7 37.3 51.2 14

15 Agency- and GSE-backed securities -1.0 -0.4 -1.5 -0.3 -0.2 -0.1 -0.1 0.0 -0.0 0.0 15

16 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Households (TALF) (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

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

20 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Funding corporations (Maiden Lane III) (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Funding corporations (CPFF) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Corporate equities (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets -3.2 2.4 1.3 4.9 -1.3 1.1 -0.4 1.4 1.3 1.5 26

27 Nonofficial foreign currencies (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Other -3.2 2.4 1.3 4.9 -1.3 1.1 -0.4 1.4 1.3 1.5 28

29 Net increase in liabilities 19.5 22.8 38.1 32.1 129.5 -61.3 46.5 69.6 42.7 41.7 29

30 Depository institution reserves -1.2 -5.1 6.3 -4.5 -2.3 -5.0 -1.6 5.1 0.5 1.0 30

31 Vault cash of commercial banks 2.4 4.6 -0.2 -2.9 24.5 -22.2 2.9 0.5 0.1 -6.4 31

32 Checkable deposits and currency 16.9 23.3 29.8 39.0 108.2 -35.1 47.4 41.9 37.3 37.7 32

33 Due to federal government -1.2 1.7 -2.3 0.5 22.3 -22.9 1.5 -2.3 1.3 0.1 33

34 Treasury cash holdings -0.1 -0.0 -0.0 -0.1 0.0 0.3 -0.0 -0.1 -0.0 -0.1 34

35 Treasury general deposit account -1.2 1.8 -2.3 0.6 22.3 -23.3 1.5 -2.2 1.3 0.2 35

36 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Due to rest of the world 0.1 -0.2 0.3 -0.3 -0.1 0.1 -0.2 0.1 0.0 -0.1 37

38 Due to government-sponsored enterprises 0.0 -0.0 0.0 0.7 -0.4 0.1 -0.6 0.4 -0.5 0.6 38

39 Currency outside banks 18.0 21.8 31.9 38.1 86.4 -12.5 46.7 43.7 36.5 37.1 39

40 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.1 4.6 5.1 40

41 Miscellaneous liabilities 1.4 -0.0 2.1 0.6 -0.9 1.0 -2.3 1.1 0.2 4.2 41

42 Federal Reserve Bank stock 0.3 0.6 0.8 0.5 0.5 0.6 0.4 1.0 0.5 3.1 42

43 Other 1.1 -0.7 1.3 0.1 -1.4 0.4 -2.7 0.1 -0.3 1.2 43

44 Discrepancy -2.4 0.3 1.1 -3.9 -2.2 3.4 -0.0 -3.2 -3.5 -2.5 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, 1995-2004, March 11, 2010 17

F.109 Commercial Banking (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving less net capital transfers paid 54.6 42.9 56.9 53.2 64.0 82.1 105.4 107.8 103.8 87.7 1

 2 Fixed nonresidential investment 30.6 35.9 39.1 45.1 48.1 46.9 45.7 52.5 55.3 57.2 2

 3 Net acquisition of financial assets 337.0 217.9 459.1 421.2 351.2 490.1 404.8 536.0 546.1 855.2 3

 4 Vault cash 2.4 4.6 -0.2 -2.9 24.5 -22.2 2.9 0.5 0.1 -6.4 4

 5 Reserves at Federal Reserve -1.0 -4.7 6.8 -4.6 -2.0 -5.0 -2.2 4.5 -0.0 1.1 5

 6 Checkable deposits and currency 0.2 -0.2 -0.1 0.6 0.3 -0.5 1.1 -0.3 -0.0 1.0 6

 7 Total bank credit 273.4 189.9 350.0 336.1 301.5 425.4 218.0 408.7 353.1 604.4 7

 8 Open market paper -0.1 0.8 -0.8 -0.2 0.3 0.2 0.0 0.0 0.0 0.0 8

 9 Treasury securities -11.7 -16.9 8.3 -56.0 14.8 -44.4 -21.9 43.2 2.2 -24.3 9

10 Agency- and GSE-backed securities 38.7 28.2 75.5 92.0 36.4 22.3 55.6 140.5 84.4 94.8 10

11 Municipal securities -4.2 0.9 2.4 8.2 5.9 3.4 6.1 1.5 11.0 8.1 11

12 Corporate and foreign bonds 8.0 1.1 26.0 35.7 33.9 56.0 97.0 -3.2 43.4 82.4 12

13 Bank loans n.e.c. 114.7 92.1 128.2 146.5 69.8 126.9 -73.9 -79.8 -57.4 75.1 13

14 Mortgages 77.5 55.2 99.9 91.7 158.4 164.6 129.8 268.5 197.5 339.8 14

15 Consumer credit 43.6 25.1 -12.4 -3.1 -4.2 43.3 17.4 34.1 52.8 34.9 15

16 Security credit 4.6 1.3 21.7 20.3 -18.0 50.4 0.0 2.8 23.0 -5.1 16

17 Corporate equities 2.1 1.8 0.6 1.3 2.0 0.3 0.2 -0.6 2.4 -0.3 17

18 Mutual fund shares 0.3 0.3 0.8 -0.4 2.3 2.5 7.8 1.7 -6.2 -0.9 18

19 Customers’ liab. on acceptances (2) -0.6 1.0 -2.8 -9.3 -3.1 -0.7 -2.9 -0.0 -0.2 -0.4 19

20 Miscellaneous assets 62.6 27.3 105.2 101.3 30.1 93.2 187.9 122.7 193.1 255.5 20

21 Net increase in liabilities 292.2 200.2 470.6 397.4 248.6 507.5 354.9 503.7 389.6 880.0 21

22 Net interbank liabilities 8.8 -51.2 -25.8 -24.3 -4.1 39.1 -29.4 11.2 -14.5 24.9 22

23 To monetary authority 0.7 4.1 -1.6 -1.1 -1.7 1.0 -1.0 0.4 -0.7 1.2 23

24 To domestic banks (3) -3.0 -3.4 -19.8 3.8 3.2 17.3 17.2 6.6 -3.6 14.9 24

25 To foreign banks 11.1 -52.0 -4.3 -27.1 -5.7 20.8 -45.6 4.2 -10.1 8.8 25

26 Checkable deposits -45.9 -34.6 -19.8 -33.5 3.4 -85.5 56.5 -57.3 35.7 39.5 26

27 Federal government -4.7 9.7 -0.9 -14.6 36.4 -33.2 -0.4 -16.4 -0.9 -3.2 27

28 Rest of the world 0.9 2.8 4.8 -3.1 0.0 2.0 -4.9 -0.7 4.0 9.2 28

29 Private domestic -42.1 -47.1 -23.7 -15.8 -33.0 -54.3 61.7 -40.3 32.6 33.6 29

30 Small time and savings deposits 113.9 123.1 148.3 183.7 72.0 211.6 249.4 269.4 231.7 280.6 30

31 Large time deposits 54.8 105.3 107.9 72.1 119.6 92.8 32.7 -2.8 12.8 192.5 31

32 Federal funds and security RPs (net) 21.8 37.6 69.0 39.9 69.8 39.6 -20.8 85.0 38.0 13.1 32

33 Credit market instruments 22.5 13.0 46.1 72.9 67.2 60.0 52.9 49.7 48.5 78.4 33

34 Open market paper -2.2 2.9 3.3 -1.5 6.1 0.6 -8.3 -2.5 -6.3 10.6 34

35 Corporate bonds 18.5 7.8 23.7 27.6 20.4 32.6 37.0 22.0 46.2 59.0 35

36 Other loans and advances 6.2 2.3 19.1 46.9 40.6 26.8 24.2 30.2 8.6 8.8 36

37 Corporate equity issues -8.7 -14.3 -27.7 -11.2 -10.2 -12.5 -8.1 -10.7 -2.1 17.6 37

38 Taxes payable (net) 4.6 2.5 4.8 2.3 3.0 9.2 2.8 10.9 1.3 -1.4 38

39 Miscellaneous liabilities 120.3 18.8 167.8 95.7 -71.9 153.3 18.9 148.3 38.2 234.8 39

40 Discrepancy -21.0 -10.8 29.3 -15.6 -86.7 52.6 9.8 23.0 -108.1 55.2 40

 Memo:

41 Credit market funds advanced (4) 265.9 187.5 324.3 305.6 312.2 371.5 207.1 404.8 333.7 610.3 41

42 Consumer leases not included above (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1995-2004, March 11, 2010

F.110 U.S.-Chartered Commercial Banks

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving less net capital transfers paid (1) 12.8 -8.2 3.0 1.5 -5.0 14.7 28.7 16.1 10.3 1.8 1

 2 Fixed nonresidential investment 12.4 15.6 17.9 20.5 20.9 19.4 18.9 16.8 18.0 21.1 2

 3 Net acquisition of financial assets 200.6 122.7 290.9 303.5 345.4 344.0 280.8 445.3 456.4 676.3 3

 4 Vault cash and reserves at Federal Reserve 1.6 -0.4 4.9 -5.7 22.0 -26.2 0.6 4.4 0.5 -5.2 4

 5 Total bank credit 194.8 115.2 280.7 329.5 316.6 363.7 211.0 392.2 361.6 583.4 5

 6 Open market paper 0.3 0.3 -0.6 -0.1 -0.1 0.2 0.0 0.0 0.0 0.0 6

 7 Treasury securities -40.4 -34.7 -6.1 -42.0 -2.0 -35.0 -31.4 29.9 7.1 -19.2 7

 8 Agency- and GSE-backed securities 23.4 15.3 60.4 81.7 29.4 18.2 73.7 121.1 85.1 89.7 8

 9 Mortgage pass-through securities 12.9 21.4 31.1 53.8 -17.8 14.1 52.8 84.3 56.6 90.3 9

10 CMOs and other structured MBS -18.4 -11.5 17.5 8.9 5.0 -9.8 57.2 -9.2 2.4 -4.8 10

11 Other 28.8 5.4 11.8 19.1 42.2 13.9 -36.2 46.0 26.1 4.2 11

12 Municipal securities -4.3 1.0 2.4 8.2 5.8 3.2 6.3 1.5 10.9 8.3 12

13 Corporate and foreign bonds 2.9 -4.8 17.8 30.3 37.8 50.1 63.7 -0.8 41.5 58.8 13

14 Private mortgage pass-through securities 0.9 -0.4 -1.2 0.9 0.6 -0.4 21.2 -13.3 0.2 6.7 14

15 Private CMOs and other structured MBS 3.5 -3.1 0.7 20.3 6.0 7.7 2.8 8.1 25.2 15.4 15

16 Other -1.4 -1.3 18.4 9.0 31.2 42.8 39.7 4.4 16.1 36.7 16

17 Bank loans n.e.c. 77.0 58.2 108.1 145.6 93.3 112.1 -59.6 -57.8 -39.1 67.6 17

18 Mortgages 81.7 57.5 105.5 95.9 161.1 161.6 125.8 265.7 194.9 334.0 18

19 Consumer credit 43.6 25.1 -12.4 -3.1 -4.2 43.3 17.4 34.1 52.8 34.9 19

20 Security credit 8.3 -4.8 4.2 11.9 -8.8 7.1 7.2 -2.7 12.2 10.7 20

21 Corporate equities 2.1 1.8 0.6 1.3 2.0 0.3 0.2 -0.6 2.4 -0.3 21

22 Mutual fund shares 0.3 0.3 0.8 -0.4 2.3 2.5 7.8 1.7 -6.2 -0.9 22

23 Customers’ liab. on acceptances (2) 2.4 1.6 -0.2 -4.6 -2.5 -0.7 -2.3 0.3 -0.2 -0.5 23

24 Miscellaneous assets 1.8 6.2 5.5 -15.8 9.2 7.2 71.6 48.4 94.5 98.5 24

25 Net increase in liabilities 181.3 139.1 339.1 313.5 291.8 407.8 285.5 480.8 366.5 757.0 25

26 Net interbank liabilities -6.6 -55.8 4.3 20.4 36.8 73.8 2.0 57.2 -9.4 90.0 26

27 Federal Reserve float 0.8 4.2 -3.6 0.9 -1.9 1.1 -0.9 0.4 -0.7 1.2 27

28 Borrowing from Federal Reserve banks -0.1 -0.1 2.0 -2.0 0.2 -0.1 -0.1 0.0 0.0 -0.0 28

29 To domestic banking -7.2 -23.6 -6.6 -2.5 -11.3 27.4 16.5 20.9 -54.9 33.0 29

30 To foreign banks -0.2 -36.3 12.6 24.0 49.7 45.4 -13.6 35.9 46.2 55.8 30

31 Checkable deposits -46.0 -34.4 -21.1 -34.5 2.9 -85.0 53.0 -55.6 33.1 38.8 31

32 Federal government -4.7 9.7 -0.9 -14.6 36.4 -33.2 -0.4 -16.4 -0.9 -3.2 32

33 Rest of the world 1.0 3.5 4.4 -2.8 -0.5 2.4 -2.5 -0.3 4.3 9.7 33

34 Private domestic -42.2 -47.5 -24.6 -17.1 -33.0 -54.2 55.9 -38.9 29.7 32.3 34

35 Small time and savings deposits 113.4 122.8 143.9 186.4 73.0 210.6 240.4 273.6 229.6 279.7 35

36 Large time deposits 42.6 49.5 63.2 34.8 61.6 87.9 -25.2 24.3 3.0 115.6 36

37 Federal funds and security RPs (net) 19.6 25.3 43.5 19.7 87.5 -11.1 -9.7 43.1 42.7 14.6 37

38 Acceptance liabilities 2.3 1.7 -0.3 -4.6 -2.5 -0.6 -2.3 0.3 -0.2 -0.4 38

39 Corporate bonds 2.7 7.7 10.7 10.5 3.7 10.6 8.3 -0.6 4.8 10.4 39

40 Other loans and advances 6.2 2.3 19.1 46.9 40.6 26.8 24.2 30.2 8.6 8.8 40

41 Corporate equity issues 2.6 3.2 3.2 3.8 3.6 4.0 7.2 4.7 7.5 5.9 41

42 Taxes payable (net) 4.6 2.5 4.8 2.3 3.0 9.2 2.8 10.9 1.3 -1.4 42

43 Miscellaneous liabilities 39.9 14.2 67.9 27.7 -18.2 81.6 -15.1 92.7 45.6 195.2 43

44 Investment by bank holding companies 40.1 28.6 40.7 55.3 2.9 53.6 60.7 53.1 50.5 167.2 44

45 Other -0.2 -14.4 27.2 -27.6 -21.1 28.0 -75.8 39.6 -4.9 28.0 45

46 Discrepancy -18.9 -7.4 33.4 -9.0 -79.5 59.0 14.6 34.8 -97.5 61.4 46

 Memo:

47 Credit market funds advanced (3) 186.5 119.6 274.9 312.1 318.6 353.1 193.5 394.2 353.0 573.5 47

48 Consumer leases not included above (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1995-2004, March 11, 2010 19

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 2.1 2.1 2.3 2.4 2.6 2.9 2.9 2.9 3.0 3.2 1

 2 Fixed nonresidential investment 2.0 2.6 3.1 3.6 3.8 3.8 3.7 3.3 3.5 4.2 2

 3 Net acquisition of financial assets 77.9 49.9 98.3 -2.7 -53.0 41.4 6.4 12.3 -46.0 -112.8 3

 4 Reserves at Federal Reserve -0.1 0.3 1.8 -1.9 0.4 -1.0 0.2 0.6 -0.4 -0.1 4

 5 Total bank credit 74.7 70.0 60.2 1.5 -25.7 67.2 -7.2 12.0 -27.7 7.1 5

 6 Open market paper -0.4 0.5 -0.2 -0.1 0.4 -0.1 0.0 0.0 0.0 0.0 6

 7 Treasury securities 29.6 18.4 14.4 -10.3 9.7 -0.5 9.8 12.9 -7.3 -5.7 7

 8 Agency- and GSE-backed securities 14.3 12.4 12.5 5.2 4.9 0.4 -22.0 10.9 -6.3 -1.4 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate and foreign bonds 4.6 3.2 3.1 5.6 -4.6 8.3 30.6 0.3 0.2 22.4 10

11 Bank loans n.e.c. 35.4 32.2 19.2 -1.7 -22.4 14.6 -19.1 -18.6 -23.6 8.2 11

12 Mortgages -5.1 -2.9 -6.1 -5.7 -4.5 1.2 0.7 1.1 -1.5 -0.6 12

13 Security credit -3.7 6.2 17.5 8.4 -9.3 43.2 -7.2 5.5 10.8 -15.8 13

14 Corporate equities 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Customers’ liab. on acceptances (2) -2.9 -0.6 -2.5 -4.7 -0.6 -0.0 -0.6 -0.4 -0.0 0.1 15

16 Miscellaneous assets 6.2 -19.8 38.8 2.4 -27.2 -24.8 14.1 0.1 -17.9 -119.8 16

17 Net increase in liabilities 78.5 50.6 98.9 -2.0 -52.4 42.0 7.1 12.9 -45.4 -112.2 17

18 Net interbank liabilities 18.7 -2.5 -30.4 -55.0 -45.0 -40.8 -16.1 -42.9 -16.7 -66.8 18

19 To foreign banks 15.1 -11.5 -17.6 -51.7 -51.2 -57.1 -35.3 -32.3 -12.2 -72.6 19

20 To domestic banks 3.6 9.0 -12.7 -3.3 6.2 16.2 19.3 -10.7 -4.5 5.7 20

21 Checkable deposits -0.1 -0.7 0.8 -0.2 0.6 -0.4 0.4 -0.7 1.1 -0.8 21

22 Small time and savings deposits -0.7 0.1 4.4 -3.7 -1.8 -0.4 4.5 -2.3 0.8 -0.7 22

23 Large time deposits 11.0 55.6 44.7 36.3 57.2 3.4 53.3 -25.1 8.5 75.4 23

24 Federal funds and security RPs (net) 1.8 12.0 25.6 19.7 -17.9 52.3 -11.0 39.5 -5.7 -0.2 24

25 Acceptance liabilities -3.1 -0.7 -2.4 -4.8 -0.4 -0.0 -0.9 -0.4 -0.1 0.1 25

26 Miscellaneous liabilities 50.9 -13.3 56.2 5.8 -45.0 27.9 -23.1 44.8 -33.4 -119.2 26

27 Foreign direct investment in U.S. 6.6 -0.1 7.7 5.5 19.5 5.8 6.4 2.1 4.2 17.9 27

28 Due to affiliates 6.7 13.7 14.3 11.8 2.5 45.6 -21.9 18.6 7.4 33.0 28

29 Other 37.6 -26.9 34.2 -11.4 -67.0 -23.6 -7.7 24.1 -44.9 -170.1 29

30 Discrepancy 0.7 0.1 -0.2 -0.6 -0.5 -0.2 -0.1 0.3 0.1 -0.4 30

 Memo:

31 Credit market funds advanced (3) 75.4 63.3 40.2 -11.6 -17.0 23.9 -0.6 6.2 -38.5 23.0 31

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

(2) Included in other loans and advances (table 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, 1995-2004, March 11, 2010

F.112 Bank Holding Companies

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 39.6 48.8 51.5 49.2 66.3 64.4 73.6 88.6 90.3 82.5 1

 2 Fixed nonresidential investment 16.1 17.5 17.9 20.7 23.3 23.5 22.9 32.3 33.7 31.7 2

 3 Net acquisition of financial assets 52.6 44.0 64.5 110.6 55.2 100.7 100.5 83.4 127.3 275.8 3

 4 Credit market instruments -0.3 3.9 5.4 -0.9 6.2 -12.2 4.2 3.1 8.6 -0.0 4

 5 Treasury securities -1.2 0.6 -0.1 -3.1 7.9 -7.9 0.4 0.1 1.4 -0.8 5

 6 Agency- and GSE-backed securities -0.2 0.3 0.6 1.1 -1.3 -0.5 1.4 4.5 0.9 1.9 6

 7 Corporate and foreign bonds 0.6 2.8 5.0 -0.7 1.2 -2.8 2.1 -2.4 1.3 1.3 7

 8 Bank loans n.e.c. 0.4 0.2 -0.0 1.7 -1.6 -0.9 0.3 0.9 5.0 -2.5 8

 9 Miscellaneous assets 53.0 40.1 59.0 111.6 49.0 112.9 96.4 80.3 118.7 275.9 9

10 Investment in bank subsidiaries 40.1 28.6 40.7 55.3 2.9 53.6 60.7 53.1 50.5 167.2 10

11 Investment in nonbank subsidiaries 8.2 0.3 25.0 44.1 17.3 38.4 29.8 -0.2 45.7 76.2 11

12 Other 4.6 11.3 -6.7 12.1 28.9 20.9 5.9 27.3 22.4 32.4 12

13 Net increase in liabilities 26.8 9.2 27.4 76.6 5.4 54.4 45.8 15.7 61.0 219.6 13

14 Net interbank liabilities -3.2 7.0 0.3 10.2 4.1 6.2 -15.3 -3.0 11.6 1.7 14

15 To domestic banks 0.6 11.2 -0.4 9.6 8.2 -26.3 -18.6 -3.6 55.8 -23.8 15

16 To foreign banks -3.8 -4.1 0.8 0.6 -4.1 32.5 3.3 0.6 -44.1 25.6 16

17 Federal funds and security RPs (net) 0.4 0.4 0.0 0.5 0.1 -1.6 -0.1 2.4 0.9 -1.3 17

18 Credit market instruments 14.4 2.0 19.0 24.9 25.8 23.2 23.6 20.3 35.4 59.5 18

19 Commercial paper -1.4 1.9 6.0 7.8 9.1 1.2 -5.1 -2.3 -6.0 10.8 19

20 Corporate bonds 15.8 0.1 13.0 17.1 16.7 22.0 28.7 22.6 41.4 48.7 20

21 Corporate equity issues -11.3 -17.5 -30.9 -15.0 -13.8 -16.5 -15.3 -15.4 -9.6 11.7 21

22 Miscellaneous liabilities 26.6 17.3 39.0 56.0 -10.8 43.1 52.9 11.5 22.6 148.0 22

23 Equity, etc. 12.7 -11.9 -13.1 24.7 -38.6 10.3 -8.9 -44.0 -37.5 129.4 23

24 Other 13.9 29.2 52.1 31.2 27.8 32.8 61.8 55.4 60.1 18.6 24

25 Discrepancy -2.4 -3.5 -3.5 -5.6 -6.8 -5.4 -4.0 -11.4 -9.8 -5.3 25

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

Billions of dollars

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 1

 2 Fixed nonresidential investment 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 2

 3 Net acquisition of financial assets 5.9 1.3 5.5 9.8 3.7 4.0 17.0 -5.0 8.4 15.9 3

 4 Checkable deposits and currency 0.2 -0.2 -0.1 0.6 0.3 -0.5 1.1 -0.3 -0.0 1.0 4

 5 Credit market instruments 4.2 0.7 3.7 6.0 4.4 6.7 10.0 1.3 10.6 13.9 5

 6 Treasury securities 0.2 -1.3 0.1 -0.7 -0.7 -1.0 -0.6 0.3 1.0 1.4 6

 7 Agency- and GSE-backed securities 1.3 0.2 2.0 3.9 3.3 4.3 2.5 3.9 4.7 4.7 7

 8 Municipal securities 0.1 -0.1 -0.0 -0.1 0.1 0.1 -0.2 0.0 0.1 -0.2 8

 9 Corporate and foreign bonds -0.1 -0.1 0.1 0.5 -0.5 0.3 0.6 -0.3 0.4 -0.2 9

10 Bank loans n.e.c. 1.8 1.4 0.9 0.9 0.5 1.1 4.5 -4.3 0.3 1.8 10

11 Home mortgages 1.0 0.6 0.1 1.1 0.6 1.0 -0.9 1.5 2.5 3.4 11

12 Commercial mortgages -0.0 -0.1 0.5 0.4 1.2 0.8 4.2 0.2 1.6 3.1 12

13 Miscellaneous assets 1.6 0.8 1.8 3.1 -1.0 -2.1 5.9 -6.0 -2.2 0.9 13

14 Net increase in liabilities 5.5 1.4 5.1 9.4 3.8 3.4 16.4 -5.7 7.5 15.5 14

15 Checkable deposits 0.2 0.5 0.4 1.2 0.0 -0.1 3.1 -1.1 1.5 1.6 15

16 Small time and savings deposits 1.2 0.2 -0.0 1.0 0.8 1.4 4.6 -1.9 1.3 1.6 16

17 Large time deposits 1.2 0.2 -0.0 1.0 0.8 1.4 4.6 -1.9 1.3 1.6 17

18 Miscellaneous liabilities 2.9 0.6 4.7 6.3 2.2 0.7 4.2 -0.7 3.4 10.8 18

19 Discrepancy -0.4 0.0 -0.4 -0.4 0.1 -0.7 -0.6 -0.7 -1.0 -0.5 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, 1995-2004, March 11, 2010 21

F.114 Savings Institutions (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 4.5 0.4 2.8 4.0 6.8 7.0 6.8 11.6 9.3 6.6 1

 2 Fixed nonresidential investment 2.7 3.3 3.5 3.8 3.8 3.8 3.6 3.2 3.3 4.0 2

 3 Net acquisition of financial assets 0.9 16.1 -8.4 60.9 61.9 67.2 73.3 58.8 114.1 184.8 3

 4 Reserves at Federal Reserve -0.2 -0.4 -0.5 0.1 -0.2 0.1 0.6 0.6 0.5 -0.1 4

 5 Checkable deposits and currency 1.7 -1.4 1.0 3.2 2.1 -1.5 2.0 3.8 0.0 -3.5 5

 6 Time and savings deposits -0.2 0.3 -0.4 0.5 -0.1 0.1 0.8 0.4 0.0 0.6 6

 7 Federal funds and security RPs 4.8 -1.2 -0.8 5.5 -4.2 4.3 5.4 -0.3 -7.7 -3.2 7

 8 Credit market instruments -7.6 19.9 -4.7 37.0 67.2 56.2 44.7 33.4 127.3 103.5 8

 9 Open market paper 0.0 0.1 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities -8.7 -1.0 -2.8 -4.4 -0.0 -1.4 2.7 -2.2 3.0 -3.9 10

11 Agency- and GSE-backed securities 4.7 -8.5 -0.8 -11.6 3.4 -6.7 21.0 14.7 22.6 -82.3 11

12 Mortgage pass-through securities 1.0 -7.0 -3.7 -6.8 -1.5 -6.7 6.7 17.0 -18.9 0.9 12

13 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.3 -45.3 13

14 Other 3.7 -1.5 2.9 -4.7 5.0 0.0 14.3 -2.3 17.2 -38.0 14

15 Municipal securities -0.0 0.1 0.0 0.4 0.5 0.2 1.6 0.9 0.9 0.8 15

16 Corporate and foreign bonds -8.2 -9.9 -9.9 29.9 23.3 -2.5 -25.6 -4.0 -8.0 -12.7 16

17 Private mortgage pass-through securities -4.5 -3.7 -5.9 -1.9 5.1 0.6 -5.8 -2.6 0.1 -2.5 17

18 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.7 -11.0 18

19 Other -3.7 -6.3 -4.0 31.8 18.2 -3.2 -19.7 -1.4 -13.8 0.8 19

20 Other loans and advances 2.5 3.0 3.1 5.3 6.5 8.7 3.6 3.3 10.1 1.3 20

21 Mortgages 0.6 31.6 3.5 12.1 24.1 54.9 35.1 23.0 89.6 186.8 21

22 Consumer credit 1.6 4.6 2.5 5.2 9.4 3.0 6.3 -2.4 9.2 13.4 22

23 Corporate equities 0.7 0.6 0.2 1.5 -0.7 0.4 3.2 2.0 -1.0 -1.1 23

24 Miscellaneous assets 1.7 -1.8 -3.2 13.1 -2.1 7.7 16.6 19.1 -5.2 88.6 24

25 Net increase in liabilities -6.7 15.8 -13.0 55.8 61.8 60.6 67.3 43.1 105.4 164.9 25

26 Deposits -5.7 -6.5 -25.7 -2.6 6.1 27.5 46.6 66.7 84.8 40.0 26

27 Checkable -2.0 -1.3 -5.3 -0.8 -2.0 1.2 3.2 1.8 5.4 0.5 27

28 Small time and savings -12.9 -11.5 -32.0 -17.4 -0.4 6.4 16.6 20.9 47.2 -14.4 28

29 Large time 9.2 6.3 11.7 15.7 8.5 19.9 26.8 44.0 32.2 54.0 29

30 Security RPs -0.0 -0.9 -1.9 9.5 21.4 -19.6 3.8 -15.3 19.3 2.4 30

31 Credit market instruments 2.6 25.5 19.7 52.2 48.0 40.8 -0.0 -23.1 35.3 91.4 31

32 Corporate bonds -0.0 -0.4 0.1 -0.2 0.2 3.5 -2.6 -0.2 1.7 2.5 32

33 Bank loans n.e.c. 5.2 1.4 3.5 10.3 -15.7 21.0 3.5 4.5 16.0 28.9 33

34 Other loans and advances -2.6 24.5 16.2 42.1 63.5 16.3 -0.9 -27.4 17.6 60.0 34

35 Corporate equities 0.0 0.0 0.0 0.0 0.2 0.4 1.0 0.9 1.6 -0.3 35

36 Taxes payable 0.5 -0.5 0.6 0.8 -1.0 0.5 1.0 -0.8 0.4 1.0 36

37 Miscellaneous liabilities -4.2 -1.8 -5.8 -4.1 -13.0 11.0 15.0 14.7 -36.1 30.5 37

38 Investment by parent 0.1 0.2 0.3 3.2 1.1 1.8 1.9 0.2 2.4 3.4 38

39 Other -4.2 -2.0 -6.1 -7.3 -14.1 9.2 13.1 14.5 -38.4 27.1 39

40 Discrepancy -5.8 -3.2 -5.3 -4.9 2.8 -3.4 -2.7 -7.3 -2.7 -17.3 40

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
22 FFA, 1995-2004, March 11, 2010

F.115 Credit Unions

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 5.5 6.0 4.9 5.0 5.5 6.5 6.5 7.9 8.2 8.7 1

 2 Fixed nonresidential investment 1.1 1.5 1.8 2.2 2.4 2.4 2.5 2.4 2.7 3.5 2

 3 Net acquisition of financial assets 17.1 19.5 23.7 37.7 23.0 26.5 64.4 58.5 53.2 37.5 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Checkable deposits and currency 0.9 0.1 0.6 1.0 17.3 0.3 10.1 1.6 3.2 -1.4 5

 6 Time and savings deposits 0.4 -0.7 0.6 6.4 -6.8 -1.1 7.4 1.6 2.5 -0.7 6

 7 Federal funds and security RPs (net) 0.2 -4.9 2.0 3.4 2.4 -5.3 -1.5 -0.8 -0.1 2.6 7

 8 Credit market instruments 16.2 25.5 16.8 18.9 27.5 28.0 41.5 44.2 51.2 39.8 8

 9 Open market paper -1.6 -0.3 -0.1 0.2 1.5 -0.6 1.2 -0.9 -0.8 0.1 9

10 Treasury securities -3.8 -0.9 -1.8 -2.5 -3.5 -1.4 -0.8 0.1 1.2 0.1 10

11 Agency- and GSE-backed securities 4.9 4.9 0.4 7.3 2.9 -0.4 19.6 -1.5 15.2 -1.1 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22.1 2.3 0.6 12

13 Other loans and advances 0.4 0.6 0.6 0.2 1.5 2.1 0.5 2.0 -0.1 1.9 13

14 Home mortgages 4.0 8.9 9.5 10.6 12.6 11.8 15.9 16.1 23.3 28.7 14

15 Consumer credit 12.3 12.2 8.2 3.0 12.5 16.5 5.1 6.2 10.1 9.5 15

16 Mutual fund shares 0.2 -0.3 -0.2 1.2 -1.1 -0.3 1.5 -0.2 0.5 -0.9 16

17 Miscellaneous assets -0.8 -0.2 3.8 6.8 -16.4 4.9 5.4 12.1 -4.1 -1.8 17

18 Net increase in liabilities 13.4 16.4 20.5 34.7 20.8 22.0 60.8 53.4 49.2 33.7 18

19 Shares/deposits 15.4 16.3 20.3 33.6 17.7 22.4 61.1 49.5 45.3 29.5 19

20 Checkable 2.1 1.6 4.1 6.4 2.3 5.9 3.5 5.7 6.0 7.6 20

21 Small time and savings 11.6 12.3 13.2 23.1 12.3 13.0 48.6 35.1 28.5 15.5 21

22 Large time 1.7 2.4 2.9 4.1 3.1 3.5 9.0 8.7 10.8 6.4 22

23 Other loans and advances -0.1 0.1 0.1 0.6 2.2 0.0 1.5 2.0 2.2 2.3 23

24 Miscellaneous liabilities -1.9 0.0 0.1 0.5 0.9 -0.4 -1.8 1.9 1.7 1.9 24

25 Discrepancy 0.7 1.4 -0.1 -0.1 0.9 -0.5 0.4 0.5 1.6 1.5 25

F.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Gross saving less net capital transfers paid (1) 8.4 9.9 9.5 11.5 11.0 6.9 0.2 16.7 37.5 40.3 1

 2 Fixed nonresidential investment 10.7 8.3 9.0 10.4 10.9 10.9 10.8 8.7 11.6 11.4 2

 3 Net acquisition of financial assets 37.0 16.2 37.1 16.5 -9.7 6.9 13.8 81.9 89.5 81.0 3

 4 Checkable deposits and currency -0.2 -0.9 0.3 -0.2 0.2 -0.6 9.4 12.8 8.6 -8.7 4

 5 Security RPs 8.1 -2.1 -0.2 7.4 -14.4 10.0 -8.1 14.2 8.5 10.2 5

 6 Credit market instruments 21.5 22.5 25.2 5.8 -3.0 -8.7 9.0 39.9 67.0 73.6 6

 7 Treasury securities 0.5 -12.6 2.1 -20.8 -9.7 -8.6 -0.0 9.2 3.5 6.6 7

 8 Agency- and GSE-backed securities 2.3 2.8 1.7 -1.2 5.9 8.6 10.1 19.0 2.2 -3.3 8

 9 Municipal securities 7.0 14.4 2.6 16.5 -9.1 -14.9 -10.3 9.2 41.2 43.6 9

10 Corporate and foreign bonds 12.7 18.3 18.9 11.6 10.0 6.4 8.9 2.4 20.0 26.4 10

11 Commercial mortgages -1.0 -0.4 -0.2 -0.3 -0.0 -0.3 0.2 0.1 0.1 0.3 11

12 Corporate equities -0.9 -7.1 2.6 -5.4 -1.7 0.3 -0.7 -1.6 -3.4 -3.9 12

13 Mutual fund shares 0.3 0.3 0.4 0.3 0.1 0.4 0.4 0.5 0.7 0.5 13

14 Trade receivables 4.4 -0.1 2.7 1.6 2.0 1.0 5.3 4.9 4.5 0.3 14

15 Miscellaneous assets 3.8 3.6 6.1 6.9 7.1 4.4 -1.4 11.2 3.6 9.1 15

16 Net increase in liabilities 21.3 8.1 -2.5 -0.2 6.1 1.6 30.0 50.6 58.4 39.5 16

17 Corporate equity issues -2.2 -4.8 -13.7 -4.7 -7.8 -4.5 0.5 6.2 4.1 -4.0 17

18 Taxes payable (net) 0.7 0.6 0.5 -1.1 0.1 0.1 0.3 -7.4 4.7 0.5 18

19 Miscellaneous liabilities 22.8 12.3 10.7 5.6 13.8 6.0 29.2 51.8 49.6 43.0 19

20 Discrepancy -18.0 -6.5 -39.1 -15.6 15.8 -9.3 5.5 -23.3 -5.2 -12.6 20

(1) Net capital transfers paid from table F.9, line 50.
FFA, 1995-2004, March 11, 2010 23

F.117 Life Insurance Companies

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving -2.2 0.7 -7.1 -8.0 -2.8 -4.1 2.5 6.6 1.0 13.0 1

 2 Fixed nonresidential investment 9.4 7.4 8.0 9.2 9.7 9.7 9.6 8.8 8.8 10.7 2

 3 Net acquisition of financial assets 145.5 125.4 213.7 187.0 169.3 203.5 250.6 279.8 258.2 264.4 3

 4 Checkable deposits and currency -0.5 -0.9 3.8 -2.7 0.0 -0.5 31.9 -1.6 12.0 6.0 4

 5 Money market fund shares 6.6 39.1 32.6 17.6 21.4 10.5 31.0 -13.5 -8.3 -30.7 5

 6 Credit market instruments 100.0 69.6 104.8 76.9 53.5 57.9 130.9 233.0 180.6 173.0 6

 7 Open market paper -7.3 2.9 17.5 7.5 2.0 -4.5 -11.9 14.7 -18.2 -7.6 7

 8 Treasury securities 1.0 -14.9 1.6 -14.1 -9.3 -4.6 -4.4 24.8 -6.6 6.6 8

 9 Agency- and GSE-backed securities 8.7 1.3 -3.0 -9.6 7.0 11.0 18.1 77.4 18.0 8.2 9

10 Municipal securities -0.9 1.5 0.1 1.7 1.7 -1.0 -0.4 1.2 6.2 4.0 10

11 Corporate and foreign bonds 90.7 79.2 85.7 82.6 41.2 47.9 119.5 105.7 170.4 145.9 11

12 Other loans and advances 10.4 4.6 4.3 2.0 -4.8 3.9 2.9 2.2 -0.1 3.5 12

13 Mortgages -2.6 -5.0 -1.3 6.8 15.7 5.2 7.1 7.0 10.9 12.4 13

14 Corporate equities 28.2 44.5 72.0 82.5 116.9 111.3 70.2 52.7 45.5 51.5 14

15 Mutual fund shares 3.9 4.5 7.2 9.4 10.0 5.6 2.1 2.6 0.5 12.8 15

16 Miscellaneous assets 7.2 -31.4 -6.7 3.5 -32.6 18.7 -15.5 6.7 27.9 51.9 16

17 Net increase in liabilities 118.9 92.1 186.0 173.1 152.9 195.1 248.5 259.7 230.0 228.0 17

18 Corporate equity issues -3.6 -8.8 -4.0 -4.7 -6.0 -0.8 -0.9 -6.5 -3.9 -17.3 18

19 Other loans and advances -0.1 1.1 0.2 0.7 0.7 -0.7 0.6 2.0 2.9 3.0 19

20 Life insurance reserves 44.8 43.8 57.6 46.7 49.4 48.7 75.8 58.5 65.7 32.0 20

21 Pension fund reserves (1) 52.5 36.7 103.9 131.4 102.7 166.6 129.2 149.3 144.2 200.4 21

22 Taxes payable (net) 1.6 0.5 1.4 1.5 0.5 -0.4 -0.4 -7.4 1.9 3.1 22

23 Miscellaneous liabilities 23.6 18.9 27.0 -2.5 5.6 -18.3 44.2 63.7 19.3 6.7 23

24 Discrepancy -38.3 -40.0 -42.8 -31.2 -28.8 -22.2 -9.2 -22.4 -36.0 -34.0 24

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 23).

F.118 Private Pension Funds (1)

Billions of dollars

 1 Gross saving 0.4 0.4 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 1

 2 Fixed nonresidential investment 1.3 1.1 0.8 1.0 1.1 1.1 1.1 0.5 0.5 1.2 2

 3 Net acquisition of financial assets 33.0 3.7 -15.8 41.6 -14.8 -23.5 -18.5 13.8 49.7 23.4 3

 4 Checkable deposits and currency 0.8 0.7 1.4 -0.8 1.3 3.3 -0.8 0.3 0.1 0.1 4

 5 Time and savings deposits 8.1 8.9 11.0 29.8 -39.3 -22.9 -36.4 -3.9 3.3 -4.8 5

 6 Money market fund shares 6.3 11.2 13.4 2.3 12.1 4.2 -6.1 9.4 -0.2 0.6 6

 7 Security RPs 0.3 4.9 1.2 1.2 1.9 -5.1 -8.9 0.6 2.0 0.3 7

 8 Credit market instruments 16.9 -6.1 44.5 -7.1 107.2 -125.0 -34.8 -5.4 71.8 1.1 8

 9 Open market paper 0.8 6.0 1.5 3.2 6.0 -6.2 -8.2 3.7 -3.2 1.0 9

10 Treasury securities -0.4 -4.8 2.0 -13.2 16.8 -9.9 -6.4 -1.6 13.3 -3.9 10

11 Agency- and GSE-backed securities 1.6 -11.3 6.1 -17.2 39.6 -32.9 5.1 -19.6 40.6 11.8 11

12 Corporate and foreign bonds 14.0 3.3 34.0 20.4 43.1 -76.3 -23.1 11.6 21.3 -7.5 12

13 Mortgages 0.8 0.7 0.8 -0.2 1.8 0.2 -2.2 0.6 -0.1 -0.2 13

14 Corporate equities -91.0 -91.5 -150.7 -31.5 -180.4 62.8 106.5 -61.5 -2.6 24.7 14

15 Mutual fund shares 72.0 45.7 55.2 53.6 99.4 117.3 18.2 59.9 -3.8 36.1 15

16 Miscellaneous assets 19.5 30.0 8.3 -5.9 -17.1 -58.1 -56.3 14.3 -20.9 -34.7 16

17 Unallocated insurance contracts (2) 7.8 4.8 -9.9 -23.6 -18.5 -35.7 11.8 12.2 -18.1 -35.2 17

18 Contributions receivable 5.4 5.4 8.4 12.9 -18.4 -19.1 -24.6 1.5 -0.2 -3.1 18

19 Other 6.3 19.8 9.8 4.8 19.8 -3.4 -43.5 0.6 -2.7 3.6 19

20 Pension fund reserves (liabilities) (3) 33.8 4.4 -15.3 42.2 -14.1 -22.8 -18.0 13.9 49.8 24.1 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, 1995-2004, March 11, 2010

F.119 State and Local Government Employee Retirement Funds

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 0.3 0.3 0.2 0.2 0.3 0.4 0.5 0.5 0.5 0.5 1

 2 Fixed nonresidential investment 0.9 0.7 0.6 0.7 0.9 1.2 1.0 0.5 0.5 1.3 2

 3 Net acquisition of financial assets 64.2 49.2 78.3 60.7 46.4 100.4 86.9 51.7 39.9 23.8 3

 4 Checkable deposits and currency -2.5 3.3 -2.2 4.7 -0.7 0.7 1.5 1.5 0.8 2.5 4

 5 Time and savings deposits 2.0 -2.2 0.1 -0.4 -0.3 -0.1 0.2 -0.1 -0.9 0.6 5

 6 Money market fund shares 0.9 1.7 2.1 0.3 1.8 1.4 2.2 0.1 -2.1 -1.9 6

 7 Security RPs 3.7 -3.3 0.4 8.9 2.8 -0.5 -5.9 -6.9 -3.6 -3.2 7

 8 Credit market instruments 31.1 28.6 59.9 63.2 45.5 36.3 -53.8 -50.7 18.8 17.8 8

 9 Open market paper 3.7 -3.3 0.4 8.9 2.8 6.9 4.0 -3.2 -6.4 -6.5 9

10 Treasury securities -7.4 4.6 6.2 -6.4 -13.8 -19.8 -24.0 3.8 -10.3 2.4 10

11 Agency- and GSE-backed securities 23.2 5.5 18.4 19.1 22.9 49.9 1.9 11.8 42.5 23.7 11

12 Municipal securities 0.7 -1.3 0.9 1.7 -0.2 -1.3 -0.1 -0.8 3.5 -2.6 12

13 Corporate and foreign bonds 10.1 22.2 33.1 35.1 30.4 4.2 -34.6 -62.4 -9.9 6.0 13

14 Mortgages 0.7 0.8 0.9 4.8 3.3 -3.6 -1.1 0.1 -0.7 -5.3 14

15 Corporate equities 18.2 18.2 9.4 -28.2 -6.2 11.6 115.1 85.2 35.4 1.9 15

16 Mutual fund shares 10.7 2.2 8.5 12.0 2.1 49.9 25.8 22.2 -9.5 1.5 16

17 Miscellaneous assets 0.2 0.7 0.1 0.2 1.3 1.1 1.8 0.4 0.9 4.6 17

18 Pension fund reserves (liabilities) (1) 64.8 49.6 78.7 61.2 46.9 101.1 87.4 51.8 39.9 24.6 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 26.9 61.6 46.5 47.9 48.5 28.2 69.9 45.4 48.2 54.7 1

 2 Credit market instruments 3.4 2.4 1.8 2.7 2.9 2.1 9.7 12.7 6.0 4.7 2

 3 Treasury securities 3.2 2.2 1.7 2.3 2.9 2.0 7.2 9.6 5.1 5.4 3

 4 Agency- and GSE-backed securities 0.1 0.1 0.1 0.2 -0.0 0.1 1.6 1.9 0.5 -0.5 4

 5 Corporate and foreign bonds 0.1 0.1 0.0 0.1 -0.0 0.0 0.9 1.2 0.4 -0.3 5

 6 Corporate equities 2.6 4.2 4.4 4.0 4.4 5.2 -0.6 8.2 17.5 9.1 6

 7 Miscellaneous assets(2) 20.8 55.1 40.3 41.2 41.1 20.9 60.8 24.5 24.7 40.9 7

 8 Pension fund reserves (liabilities) (3) 26.9 61.6 46.5 47.9 48.5 28.2 69.9 45.4 48.2 54.7 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, 1995-2004, March 11, 2010 25

F.121 Money Market Mutual Funds (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net acquisition of financial assets 141.2 145.4 155.9 285.4 251.7 232.5 428.5 -16.7 -207.5 -136.5 1

 2 Foreign deposits 4.0 3.4 0.1 6.9 11.0 50.3 27.8 -6.8 -36.6 7.0 2

 3 Checkable deposits and currency -1.0 2.4 2.6 -2.5 -2.3 4.7 3.9 -6.8 -0.7 2.7 3

 4 Time and savings deposits 20.9 30.4 28.6 12.6 31.5 -11.7 89.3 -23.9 -53.3 0.4 4

 5 Security RPs 19.0 16.0 22.8 12.2 1.7 43.5 43.4 47.1 -20.8 -18.7 5

 6 Credit market instruments 86.5 88.8 87.5 248.6 184.9 138.3 267.3 -17.7 -95.9 -124.9 6

 7 Open market paper 48.4 38.4 62.1 79.1 110.2 96.7 3.4 -38.6 -125.2 -54.1 7

 8 Treasury securities 3.8 20.3 -4.0 21.7 -4.0 -12.9 46.0 4.7 -10.2 -33.9 8

 9 Agency- and GSE-backed securities 13.7 11.0 -5.5 76.1 18.6 -7.0 141.5 8.7 -4.6 -61.1 9

10 Municipal securities 14.3 16.8 22.5 25.8 17.6 34.1 34.2 1.8 13.6 21.8 10

11 Corporate and foreign bonds 6.4 2.4 12.5 45.8 42.6 27.3 42.3 5.6 30.5 2.3 11

12 Miscellaneous assets 11.6 4.4 14.3 7.6 24.9 7.5 -3.3 -8.6 -0.2 -2.9 12

13 Net share issues (liabilities) 141.2 145.4 155.9 285.4 251.7 232.5 428.5 -16.7 -207.5 -136.5 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 8.7 4.9 6.2 -9.1 4.1 -1.5 -6.6 -21.4 2.5 3.6 1

 2 Net acquisition of financial assets 147.4 237.6 265.1 279.5 191.2 237.6 204.9 181.1 288.6 298.2 2

 3 Security RPs 7.1 -2.7 10.3 13.1 9.9 18.8 -28.9 10.9 12.9 18.1 3

 4 Credit market instruments 52.5 48.9 80.9 127.3 48.4 26.3 126.6 138.7 138.0 116.6 4

 5 Open market paper 7.1 -3.1 10.6 13.1 9.9 18.8 -28.9 -7.7 13.1 18.0 5

 6 Treasury securities 13.4 -18.0 10.6 4.6 -23.7 10.2 -9.8 17.2 9.3 4.8 6

 7 Agency- and GSE-backed securities 5.5 33.1 8.9 21.6 36.2 12.6 84.7 54.0 25.2 15.2 7

 8 Municipal securities 3.2 3.1 6.5 22.8 -3.2 -9.0 22.6 24.3 12.9 4.1 8

 9 Corporate and foreign bonds 23.1 33.0 40.9 62.5 26.3 -10.6 65.4 50.4 78.5 64.9 9

10 Other loans and advances 0.2 0.8 3.4 2.7 2.9 4.3 -7.3 0.5 -1.1 9.6 10

11 Corporate equities 87.4 193.0 166.8 143.3 136.4 193.1 109.8 31.4 136.8 158.5 11

12 Miscellaneous assets 0.5 -1.7 7.1 -4.2 -3.5 -0.6 -2.6 0.0 1.0 5.1 12

13 Net share issues (liabilities) 147.4 237.6 265.1 279.5 191.2 237.6 204.9 181.1 288.6 298.2 13

14 Discrepancy 8.7 4.9 6.2 -9.1 4.1 -1.5 -6.6 -21.4 2.5 3.6 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 8.0 0.3 -11.2 -6.8 -4.8 -5.5 1.9 18.1 43.7 32.7 1

 2 Credit market instruments 8.5 2.9 -1.1 4.9 9.6 -5.6 3.2 8.6 35.5 11.0 2

 3 Treasury securities -1.7 0.1 -1.4 -1.0 -1.2 -0.9 0.1 -2.8 0.6 2.3 3

 4 Municipal securities 4.8 1.0 0.3 1.3 9.0 -2.0 7.0 11.3 3.2 -0.1 4

 5 Corporate and foreign bonds 5.4 1.9 -0.0 4.7 1.8 -2.7 -3.8 0.1 31.6 8.9 5

 6 Corporate equities -0.5 -2.6 -10.0 -11.8 -14.5 0.1 -1.3 9.4 8.3 21.7 6

 7 Net share issues (liabilities) 8.0 0.3 -11.2 -6.8 -4.8 -5.5 1.9 18.1 43.7 32.7 7

 Exchange-traded funds

 8 Net acquisition of financial assets 0.4 1.1 3.4 6.0 12.2 42.4 31.0 45.3 15.8 56.4 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 0.7 3.8 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 0.1 2.8 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 0.6 1.0 12

13 Corporate equities 0.4 1.1 3.4 6.0 12.2 42.4 31.0 41.6 15.1 52.6 13

14 Net share issues (liabilities) 0.4 1.1 3.4 6.0 12.2 42.4 31.0 45.3 15.8 56.4 14
26 FFA, 1995-2004, March 11, 2010

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 1.8 1.8 2.0 2.1 2.8 2.7 2.8 2.8 3.4 3.8 1

 2 Fixed nonresidential investment 0.4 0.6 0.5 0.4 0.3 0.4 0.4 0.5 0.5 0.6 2

 3 Net acquisition of financial assets 115.1 91.7 111.6 305.0 317.4 237.8 344.4 240.0 245.0 88.5 3

 4 Checkable deposits and currency 0.2 -0.7 1.3 2.9 7.2 -7.7 2.3 8.1 14.0 10.4 4

 5 Time and savings deposits 0.0 0.0 0.0 -1.7 5.2 0.5 8.1 -5.1 -8.5 6.5 5

 6 Federal funds and security RPs (net) 20.5 -11.8 -4.1 -13.4 12.7 3.0 23.8 -9.1 -20.0 18.3 6

 7 Credit market instruments 95.3 97.3 106.7 317.3 287.3 246.0 304.7 224.1 241.0 48.9 7

 8 Open market paper -0.8 9.6 -1.1 28.6 -32.4 10.7 2.7 -23.5 -3.7 -0.9 8

 9 Treasury securities 6.1 -12.9 7.1 -0.7 5.8 0.6 0.4 12.1 -12.3 -0.6 9

10 Agency- and GSE-backed securities 60.0 65.8 67.6 158.4 172.9 149.2 206.9 131.7 101.9 -202.4 10

11 Municipal securities 2.7 4.3 0.5 6.5 3.6 2.9 6.2 4.0 5.0 0.3 11

12 Corporate and foreign bonds 9.9 8.1 6.0 24.6 28.8 19.1 24.6 33.5 33.5 192.0 12

13 Other loans and advances 7.2 29.4 35.4 93.5 108.1 45.3 28.3 8.9 31.1 73.5 13

14 Sallie Mae -3.1 -1.1 -1.0 -0.3 -0.3 0.1 -0.0 -0.4 -0.1 -0.3 14

15 Farm Credit System 3.9 1.4 0.0 3.3 0.9 3.1 2.9 2.0 0.0 -0.2 15

16 FHLB loans 6.4 29.1 36.4 90.4 107.6 42.1 25.4 7.2 31.2 74.1 16

17 Mortgages 6.3 -6.4 -4.7 7.6 -5.0 22.2 33.2 59.8 101.7 7.5 17

18 Home 5.4 -6.6 -4.7 5.6 -10.4 16.1 21.7 45.6 94.2 -10.5 18

19 Multifamily residential 0.5 -0.8 -1.5 -0.0 4.3 4.5 8.2 8.5 12.1 14.3 19

20 Farm 0.3 1.0 1.5 2.0 1.1 1.6 3.3 5.7 -4.6 3.8 20

21 Consumer credit (2) 4.0 -0.6 -4.2 -1.2 5.4 -3.9 2.4 -2.5 -16.3 -20.6 21

22 Miscellaneous assets -0.9 6.9 7.6 -0.1 5.0 -4.0 5.5 22.0 18.5 4.5 22

23 Net increase in liabilities 111.3 90.6 106.6 302.5 317.3 234.7 356.9 259.8 215.7 76.4 23

24 Credit market instruments 106.0 90.4 99.1 278.9 318.8 235.2 304.1 219.8 250.9 75.0 24

25 GSE issues (3) 106.0 90.4 99.1 278.9 318.8 235.2 304.1 219.8 250.9 75.0 25

26 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Corporate equities -0.6 -0.4 -1.4 2.6 4.0 -0.3 1.6 -0.2 1.7 9.3 27

28 Miscellaneous liabilities 6.0 0.6 8.9 21.0 -5.5 -0.1 51.1 40.2 -36.9 -7.9 28

29 Discrepancy -2.4 0.1 -3.4 -0.8 2.3 -0.8 14.9 22.1 -26.4 -9.0 29

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding

 Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

F.125 Agency- and GSE-backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 1

 2 Home mortgages 93.8 135.4 109.3 182.1 264.6 190.9 322.9 315.2 308.3 40.3 2

 3 Multifamily residential mortgages 4.5 5.6 5.3 10.5 9.2 8.5 15.6 12.9 26.5 2.9 3

 4 Commercial mortgages -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.1 -0.0 0.0 0.1 0.8 0.3 0.0 -1.3 0.6 -0.1 5

 6 Net increase in pool securities (liabilities)(2) 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. 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, 1995-2004, March 11, 2010 27

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 0.5 1.4 2.1 2.7 2.4 1.6 1.5 1.3 1.2 1.0 1

 2 Fixed nonresidential investment 1.8 6.7 4.2 4.5 -0.5 -1.5 1.7 0.2 1.0 0.3 2

 3 Net acquisition of financial assets 126.5 109.4 135.2 256.3 156.8 172.4 261.5 229.6 250.0 440.1 3

 4 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.1 0.4 0.4 1.9 5.2 4

 5 Agency- and GSE-backed securities (1) 20.8 -4.6 -20.7 24.7 41.0 8.6 35.0 75.1 82.5 -5.6 5

 6 Other loans and advances 6.0 8.3 26.3 25.7 -0.1 14.1 23.5 16.2 5.3 18.9 6

 7 Mortgages (2) 16.8 36.1 61.8 128.4 70.9 65.8 120.7 110.9 173.2 434.5 7

 8 Home 10.8 21.6 38.4 68.1 31.9 31.7 77.8 80.3 122.9 382.2 8

 9 Multifamily residential 2.1 3.8 4.5 12.9 8.5 5.3 5.9 5.5 7.9 6.5 9

10 Commercial 4.0 10.7 18.9 47.5 30.5 28.7 37.0 25.1 42.4 45.8 10

11 Consumer credit 67.0 60.4 47.0 73.5 62.7 67.7 69.4 32.6 -21.6 -23.2 11

12 Trade credit 15.8 9.1 20.9 4.0 -17.8 16.1 12.6 -5.6 8.8 10.3 12

13 Net increase in liabilities 127.8 114.6 137.3 258.1 153.8 169.2 261.8 228.5 249.8 439.3 13

14 Commercial paper 37.3 45.4 89.4 125.7 139.0 125.0 84.9 -41.7 -36.0 -3.9 14

15 Corporate bonds (net) (5) 90.5 69.2 48.0 132.4 14.8 44.2 176.9 270.3 285.9 443.2 15

16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

17 Consumer leases (3) 1.3 5.3 2.1 1.8 -2.9 -3.2 0.3 -1.1 -0.2 -0.7 17

18 REIT assets (4) -1.3 -0.3 3.7 2.9 -2.4 -1.5 -3.3 8.0 15.6 59.6 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 24.6 28.6 31.3 35.0 43.7 42.1 62.3 72.2 70.0 62.8 1

 2 Fixed nonresidential investment 27.0 30.7 32.9 37.7 48.4 48.4 38.7 43.6 35.7 42.2 2

 3 Net acquisition of financial assets 69.3 52.5 41.4 60.2 157.2 196.2 91.1 141.6 233.9 178.5 3

 4 Checkable deposits and currency 0.8 2.6 -0.4 1.1 1.5 2.6 -0.7 2.2 1.9 -0.8 4

 5 Time and savings deposits 3.6 2.6 3.7 1.3 7.7 3.9 7.2 4.0 16.4 -1.8 5

 6 Credit market instruments 59.5 42.6 23.7 92.0 133.8 155.3 68.9 121.8 176.2 207.2 6

 7 Corporate and foreign bonds 13.0 15.5 9.7 7.1 27.0 18.8 19.0 18.1 53.3 -7.7 7

 8 Other loans and advances 26.7 3.1 -0.6 36.8 54.2 61.1 -16.0 3.8 -2.3 9.8 8

 9 Mortgages 2.1 21.2 1.9 32.3 34.4 42.6 20.3 72.3 39.7 105.8 9

10 Consumer credit 17.7 2.8 12.6 15.8 18.3 32.8 45.5 27.5 85.5 99.3 10

11 Miscellaneous assets 5.3 4.7 14.4 -34.2 14.1 34.5 15.7 13.6 39.5 -26.1 11

12 Net increase in liabilities 69.3 59.1 29.6 51.3 148.5 221.1 66.0 135.4 239.8 189.4 12

13 Credit market instruments 47.9 54.7 29.3 60.9 75.5 86.3 10.9 66.2 111.1 134.3 13

14 Open market paper -2.9 9.4 24.6 30.7 -2.9 9.7 -77.7 -14.6 -2.7 30.2 14

15 Corporate bonds 52.6 36.8 4.7 24.2 64.7 72.9 68.1 64.0 107.9 74.1 15

16 Bank loans n.e.c. -1.7 8.5 -0.0 6.0 13.8 3.6 20.5 16.8 5.8 30.0 16

17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable 0.7 0.8 0.8 0.8 0.8 1.0 1.2 1.4 1.6 1.8 18

19 Miscellaneous liabilities 20.6 3.6 -0.5 -10.5 72.1 133.9 53.9 67.8 127.1 53.2 19

20 Foreign direct investment in U.S. 0.8 1.5 1.2 3.5 6.9 10.9 6.2 0.1 18.8 13.0 20

21 Investment by parent 9.3 3.5 8.6 -9.1 58.5 90.4 17.9 23.1 23.4 54.9 21

22 Other 10.5 -1.4 -10.3 -4.8 6.7 32.5 29.8 44.7 85.0 -14.7 22

23 Discrepancy -2.3 4.4 -13.4 -11.6 -13.4 18.6 -1.5 22.4 40.3 31.5 23

 Memo:

24 Consumer leases not included above (2) 13.4 12.3 5.6 -2.2 6.3 6.6 -2.1 -17.6 -10.7 -4.9 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table F.126.
28 FFA, 1995-2004, March 11, 2010

F.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 0.6 1.1 2.9 2.7 1.3 -7.8 4.3 1.6 -1.2 -3.0 1

 2 Fixed nonresidential investment 1.6 1.8 2.3 3.0 3.3 4.0 3.7 1.9 2.3 6.9 2

 3 Multifamily residential investment 2.7 4.4 11.3 11.4 1.8 3.8 4.1 4.6 -0.2 5.5 3

 4 Net acquisition of financial assets 2.3 4.9 26.1 6.4 -0.2 -3.3 10.9 24.8 34.3 101.6 4

 5 Checkable deposits and currency 0.0 2.2 1.1 0.8 0.3 -0.0 1.1 -0.1 3.8 3.0 5

 6 Credit market instruments 1.4 4.4 20.2 -5.1 0.8 -5.2 9.1 22.2 26.3 87.5 6

 7 Agency- and GSE-backed securities -0.2 3.2 9.0 -8.1 -1.8 0.6 8.3 11.5 -2.9 15.8 7

 8 Corporate and foreign bonds 0.8 1.4 2.1 -0.4 3.1 0.2 0.4 0.6 8.5 17.1 8

 9 Mortgages 0.8 -0.3 9.1 3.4 -0.6 -6.0 0.4 10.2 20.7 54.6 9

10 Home 1.9 1.1 6.0 0.8 -1.3 -3.4 0.8 10.1 18.4 50.9 10

11 Multifamily residential -0.6 -0.4 0.9 0.1 0.2 -0.6 -0.3 -0.1 0.2 0.1 11

12 Commercial -0.5 -1.0 2.2 2.5 0.6 -2.0 -0.1 0.2 2.0 3.5 12

13 Miscellaneous assets 1.0 -1.7 4.9 10.7 -1.3 1.9 0.6 2.6 4.3 11.1 13

14 Net increase in liabilities 14.7 29.5 92.2 86.4 19.1 4.3 19.1 52.8 52.6 152.8 14

15 Security RPs 1.2 2.8 11.2 -9.8 -0.3 -2.5 9.2 14.6 5.5 28.7 15

16 Credit market instruments 4.5 11.9 39.6 62.7 8.3 2.8 3.8 27.0 32.3 94.6 16

17 Open market paper -0.0 0.0 0.0 0.2 -0.2 0.0 0.0 0.0 0.0 0.0 17

18 Corporate bonds 0.2 1.3 14.8 21.7 8.4 2.9 4.6 14.0 23.8 61.9 18

19 Bank loans n.e.c. -1.0 2.7 9.9 16.0 -7.1 -4.8 -3.1 1.8 -0.4 7.2 19

20 Mortgages 5.3 7.9 14.9 24.8 7.2 4.7 2.2 11.2 8.9 25.5 20

21 Corporate equity issues 7.6 12.3 32.5 19.8 6.6 2.2 6.1 8.4 13.3 21.5 21

22 Miscellaneous liabilities 1.4 2.5 8.8 13.6 4.5 1.8 0.0 2.8 1.5 8.1 22

23 Discrepancy 8.7 19.5 55.5 68.2 15.4 -8.0 4.8 23.1 15.0 35.8 23

 Memo:

24 Securitized assets included above -1.3 -0.3 3.7 2.9 -2.4 -1.5 -3.3 8.0 15.6 59.6 24

25 Agency- and GSE-backed securities -2.3 0.3 0.4 0.1 -1.3 -0.2 -3.1 -0.3 0.0 0.0 25

26 Home mortgages 0.9 -0.8 3.1 1.8 -2.0 -0.2 0.1 7.8 15.7 57.9 26

27 Multifamily residential mortgages 0.0 0.3 0.2 0.4 -0.4 -0.2 -0.0 -0.0 -0.0 -0.0 27

28 Commercial mortgages 0.0 0.0 0.0 0.6 1.3 -0.9 -0.2 0.6 -0.1 1.7 28
FFA, 1995-2004, March 11, 2010 29

F.129 Security Brokers and Dealers

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Gross saving 3.6 6.5 9.9 0.8 2.8 -13.3 -8.8 10.2 12.5 20.9 1

 2 Fixed nonresidential investment 8.2 8.4 9.0 12.0 13.6 16.6 16.1 11.2 10.7 12.8 2

 3 Net acquisition of financial assets 113.4 68.2 142.8 142.0 79.8 220.4 244.3 -130.2 277.6 231.9 3

 4 Checkable deposits and currency 1.7 1.9 6.0 3.7 3.3 1.6 16.8 -2.9 2.9 15.7 4

 5 Credit market instruments 90.1 -15.7 14.9 6.8 -34.7 68.9 92.4 28.4 79.6 -29.2 5

 6 Open market paper 10.9 1.6 0.6 3.8 -2.0 13.2 9.0 -4.7 5.9 -1.3 6

 7 Treasury securities 61.0 -31.1 7.5 21.2 -58.4 39.4 13.1 -13.7 41.7 -82.4 7

 8 Agency- and GSE-backed securities 9.0 1.2 -4.8 0.5 15.0 -2.3 14.1 14.1 -8.1 23.5 8

 9 Municipal securities -2.7 -1.9 2.4 -0.1 -1.2 -0.7 7.7 2.0 3.8 7.1 9

10 Corporate and foreign bonds 11.7 13.1 5.7 -17.9 11.9 17.2 47.3 32.1 36.2 18.7 10

11 Other loans and advances 0.3 1.4 3.5 -0.7 0.1 2.1 1.3 -1.3 0.1 5.2 11

12 Corporate equities 7.7 -1.9 2.4 -6.0 7.7 9.6 17.3 3.2 4.1 15.2 12

13 Security credit 3.5 15.8 36.8 21.6 75.2 7.2 -38.8 -48.2 34.3 81.5 13

14 Miscellaneous assets 10.3 68.2 82.8 115.9 28.3 133.0 156.6 -110.8 156.6 148.6 14

15 Net increase in liabilities 102.6 61.6 133.1 135.9 79.9 208.1 246.3 -124.0 256.8 227.1 15

16 Security RPs (net) 79.0 -1.5 22.7 4.6 37.1 56.9 51.0 -9.0 146.2 36.5 16

17 Credit market instruments -5.0 -2.0 8.1 7.2 -17.2 15.6 1.4 -1.7 6.4 15.2 17

18 Corporate bonds -5.0 -2.0 8.1 7.2 -17.2 15.6 1.4 -1.7 6.4 15.2 18

19 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues -8.1 -6.5 -5.9 2.5 7.6 -4.2 6.7 10.2 -8.0 2.6 20

21 Trade payables 1.1 4.0 5.7 -1.0 11.9 5.1 3.3 -1.8 -9.2 7.8 21

22 Security credit 23.1 36.6 74.2 81.6 29.2 138.9 41.9 -38.9 85.7 97.9 22

23 Customer credit balances (HH) 18.6 35.3 52.6 61.2 47.2 88.6 41.9 -41.6 62.7 103.0 23

24 From banks 4.6 1.3 21.7 20.3 -18.0 50.4 0.0 2.8 23.0 -5.1 24

25 Taxes payable -0.1 0.1 0.1 -0.1 0.9 -0.1 -0.2 -0.5 0.4 0.4 25

26 Miscellaneous liabilities 13.0 30.6 27.2 42.5 9.1 -3.9 145.4 -83.0 38.8 70.8 26

27 Foreign direct investment in U.S. 1.9 3.6 5.9 -0.6 5.2 3.1 5.6 -3.6 2.9 3.1 27

28 Due to affiliates 22.6 48.6 56.1 75.6 34.3 12.4 17.4 -0.3 29.5 26.5 28

29 Other -11.5 -21.6 -34.7 -32.5 -30.4 -19.4 122.4 -79.1 6.4 41.2 29

30 Proprietors’ net investment -0.5 0.3 1.1 -1.4 1.2 -0.2 -3.3 0.6 -3.4 -4.2 30

31 Discrepancy -15.4 -8.5 -8.9 -17.3 -10.8 -42.2 -22.9 5.2 -19.0 3.4 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 6.3 104.9 107.3 129.6 239.8 91.6 0.7 -56.9 -11.3 26.6 1

 2 Money market fund shares -2.4 25.9 6.8 80.9 65.1 21.6 120.5 -10.0 -57.5 -84.7 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments -15.8 13.8 51.1 1.5 106.3 23.2 -121.9 -85.7 28.1 69.8 4

 5 Open market paper -25.7 -0.5 53.5 -3.9 107.6 29.4 -167.7 -70.2 -25.9 84.6 5

 6 Corporate and foreign bonds 9.8 12.8 -3.4 4.5 -3.8 -8.9 45.8 -14.4 54.9 -14.5 6

 7 Other loans and advances 0.2 1.5 1.0 0.9 2.5 2.7 -0.1 -1.2 -0.9 -0.3 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 24.5 65.2 49.4 47.2 68.4 46.7 2.1 38.7 18.2 41.5 9

10 Investment in foreign banking offices 6.7 13.7 14.3 11.8 2.5 45.6 -21.9 18.6 7.4 33.0 10

11 Investment in brokers and dealers 17.8 51.5 35.0 35.5 65.9 1.1 24.0 20.2 10.7 8.4 11

12 Net increase in liabilities 6.3 104.9 107.3 129.6 239.8 91.6 0.7 -56.9 -11.3 26.6 12

13 Credit market instruments 34.9 63.8 79.9 40.0 91.6 -1.6 -103.6 -10.7 -3.2 -2.9 13

14 Open market paper 10.5 34.5 49.4 6.0 34.2 -3.5 -125.8 -41.2 -18.5 -15.2 14

15 Corporate bonds 24.4 29.2 30.6 34.0 57.4 1.9 22.2 30.5 15.4 12.2 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate equities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Miscellaneous liabilities -28.6 41.2 27.4 89.7 148.2 93.2 104.3 -46.2 -8.1 29.5 19

20 Foreign direct investment in U.S. -10.2 2.9 -21.6 21.6 51.0 15.1 1.1 -0.4 0.2 0.3 20

21 Securities loaned (net) -5.5 59.9 57.2 70.0 16.3 88.7 70.1 -2.9 102.6 86.9 21

22 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other (net) -12.9 -21.7 -8.2 -2.0 80.8 -10.5 33.1 -43.0 -110.9 -57.6 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 Assets Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
30 FFA, 1995-2004, March 11, 2010

F.200 Gold and Official Foreign Exchange Holdings (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total U.S. reserves 9.6 -6.7 1.0 6.8 -8.7 0.3 4.9 3.7 -1.5 -2.8 1

 2 U.S. gold stock and SDRs 0.8 -0.4 0.4 0.1 -0.0 0.7 0.6 0.5 -0.6 0.4 2

 3 Federal govt.: Exchange Stab. Fund 0.8 -0.4 0.4 0.1 -0.0 0.7 0.6 0.5 -0.6 0.4 3

 4 Monetary authority (2) -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 0.0 0.0 4

 5 U.S. foreign exchange position 8.8 -6.3 0.7 6.6 -8.7 -0.4 4.3 3.2 -0.9 -3.2 5

 6 Official foreign currency holdings 6.3 -7.6 -2.9 1.5 -3.3 1.9 0.7 0.6 0.6 0.6 6

 7 Treasury 3.2 -3.8 -1.5 0.8 -1.6 0.9 0.3 0.3 0.3 0.3 7

 8 Monetary authority 3.2 -3.8 -1.5 0.8 -1.6 0.9 0.3 0.3 0.3 0.3 8

 9 Net IMF position 2.5 1.3 3.6 5.1 -5.5 -2.3 3.6 2.6 -1.5 -3.8 9

10 Federal government 2.5 1.3 3.6 5.1 -5.5 -2.3 3.6 2.6 -1.5 -3.8 10

11 Monetary authority 0.0 0.0 0.0 -0.0 -0.0 0.0 0.0 0.0 -0.0 -0.0 11

(1) Lines 1, 2, and 3 exclude increases in SDRs through allocations, which have occurred at various dates beginning January 1970. Transactions in SDRs are included. Also excluded from the table

 are revaluations of foreign currency holdings, gold, SDRs, and IMF position. Allocations and revaluations are included in tables on outstandings.

(2) Treasury gold stock.

F.201 SDR Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 2.2 -0.5 -0.5 0.0 -3.0 -4.0 0.0 0.0 0.0 0.0 1

 2 Asset: Monetary authority 2.2 -0.5 -0.5 0.0 -3.0 -4.0 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.7 0.5 0.5 0.6 1.0 2.4 1.3 1.0 0.6 0.7 3

 4 Asset: Monetary authority 1.0 1.0 0.6 0.7 1.7 3.6 1.4 1.6 0.9 1.0 4

 5 Discrepancy (seigniorage) -0.3 -0.4 -0.1 -0.2 -0.7 -1.2 -0.1 -0.6 -0.3 -0.3 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 35.3 85.9 107.7 9.1 48.9 126.9 6.8 21.0 36.0 89.9 1

 Held by:

 2 Household sector 4.6 12.4 6.5 0.5 2.9 7.6 0.4 1.3 2.2 5.4 2

 3 Nonfinancial corporate business 1.7 10.8 -5.1 7.4 0.9 -7.4 -8.5 5.1 17.6 15.6 3

 4 Money market mutual funds 4.0 3.4 0.1 6.9 11.0 50.3 27.8 -6.8 -36.6 7.0 4

 5 Discrepancy--unallocated assets 25.0 59.4 106.2 -5.7 34.0 76.4 -12.9 21.5 52.8 61.9 5
FFA, 1995-2004, March 11, 2010 31

F.203 Net Interbank Transactions

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities 10.1 -51.7 -19.6 -31.8 18.1 12.0 -28.0 16.8 -13.8 19.4 1

 2 Monetary authority 1.3 -0.5 6.1 -7.5 22.2 -27.1 1.4 5.6 0.7 -5.4 2

 3 Depository institution reserves -1.2 -5.1 6.3 -4.5 -2.3 -5.0 -1.6 5.1 0.5 1.0 3

 4 Vault cash 2.4 4.6 -0.2 -2.9 24.5 -22.2 2.9 0.5 0.1 -6.4 4

 5 Commercial banking 8.8 -51.2 -25.8 -24.3 -4.1 39.1 -29.4 11.2 -14.5 24.9 5

 6 To monetary authority 0.7 4.1 -1.6 -1.1 -1.7 1.0 -1.0 0.4 -0.7 1.2 6

 7 To banks in foreign countries 11.1 -52.0 -4.3 -27.1 -5.7 20.8 -45.6 4.2 -10.1 8.8 7

 8 Liabilities, net 10.7 -46.8 -4.2 -32.0 -7.0 21.8 -44.3 13.9 -12.7 14.0 8

 9 U.S.-chartered commercial banks -2.7 -31.1 13.6 23.0 48.4 45.8 -12.3 46.1 43.6 60.7 9

10 Due to foreign affiliates -14.7 -1.9 46.3 23.6 30.0 75.2 22.8 -0.9 109.7 33.8 10

11 - Due from foreign affiliates -12.0 29.2 32.7 0.5 -18.4 29.5 35.1 -47.0 66.0 -26.8 11

12 Foreign banking offices in U.S. 17.3 -11.5 -18.5 -55.7 -51.2 -56.5 -35.4 -32.8 -12.2 -72.2 12

13 Due to foreign affiliates 15.5 10.6 -10.7 33.3 14.9 -14.3 29.7 13.0 21.1 77.0 13

14 - Due from foreign affiliates -1.7 22.1 7.8 88.9 66.1 42.2 65.0 45.8 33.3 149.2 14

15 Bank holding companies -3.8 -4.1 0.8 0.6 -4.1 32.5 3.3 0.6 -44.1 25.6 15

16 Due to foreign affiliates -1.1 -0.2 0.3 -0.1 5.5 30.9 12.2 2.0 -40.2 19.8 16

17 - Due from foreign affiliates 2.7 3.9 -0.4 -0.7 9.6 -1.6 8.8 1.4 3.9 -5.8 17

18 Less: Deposits at foreign banks -0.4 5.2 0.2 -5.0 -1.3 1.0 1.3 9.7 -2.5 5.2 18

19 U.S.-chartered commercial banks -2.5 5.2 1.0 -1.0 -1.3 0.4 1.3 10.2 -2.6 4.9 19

20 Foreign banking offices in U.S. 2.1 -0.0 -0.9 -4.0 -0.0 0.6 -0.0 -0.6 0.0 0.3 20

21 To U.S. banking, net -3.0 -3.4 -19.8 3.8 3.2 17.3 17.2 6.6 -3.6 14.9 21

22 U.S.-chartered commercial banks -7.2 -23.6 -6.6 -2.5 -11.3 27.4 16.5 20.9 -54.9 33.0 22

23 Liabilities -8.0 -6.7 -14.6 6.4 19.4 8.1 1.5 19.1 8.5 33.6 23

24 To foreign offices in U.S. -4.9 -3.0 5.4 2.0 16.4 -9.1 -15.8 11.6 12.2 18.4 24

25 To bank holding companies -0.1 -0.3 -0.2 0.6 -0.3 -0.1 0.1 1.0 -0.1 0.2 25

26 Unallocated -3.0 -3.4 -19.8 3.8 3.2 17.3 17.2 6.6 -3.6 14.9 26

 Less, due from:

27 Foreign offices in U.S. -1.3 6.0 -7.4 -1.3 22.6 7.1 3.4 0.9 7.8 24.2 27

28 Bank holding companies 0.5 10.9 -0.6 10.2 8.0 -26.4 -18.4 -2.6 55.7 -23.6 28

29 Foreign banking offices in U.S. 3.6 9.0 -12.7 -3.3 6.2 16.2 19.3 -10.7 -4.5 5.7 29

30 Due to U.S. banks -1.3 6.0 -7.4 -1.3 22.6 7.1 3.4 0.9 7.8 24.2 30

31 - Due from U.S. banks -4.9 -3.0 5.4 2.0 16.4 -9.1 -15.8 11.6 12.2 18.4 31

32 Bank holding companies 0.6 11.2 -0.4 9.6 8.2 -26.3 -18.6 -3.6 55.8 -23.8 32

33 Due to U.S. banks 0.5 10.9 -0.6 10.2 8.0 -26.4 -18.4 -2.6 55.7 -23.6 33

34 - Due from U.S. banks -0.1 -0.3 -0.2 0.6 -0.3 -0.1 0.1 1.0 -0.1 0.2 34

35 Net change in assets 13.1 -48.3 0.2 -35.6 14.9 -5.3 -45.2 10.2 -10.2 4.6 35

36 Rest of the world 11.1 -52.0 -4.3 -27.1 -5.7 20.8 -45.6 4.2 -10.1 8.8 36

37 Domestic 2.0 3.7 4.5 -8.6 20.6 -26.1 0.4 6.0 -0.1 -4.2 37

38 Monetary authority 0.7 4.1 -1.6 -1.1 -1.7 1.0 -1.0 0.4 -0.7 1.2 38

39 Federal Reserve float 0.8 4.2 -3.6 0.9 -1.9 1.1 -0.9 0.4 -0.7 1.2 39

40 Loans to member banks -0.1 -0.1 2.0 -2.0 0.2 -0.1 -0.1 0.0 0.0 -0.0 40

41 Commercial banking 1.5 -0.1 6.7 -7.6 22.5 -27.2 0.7 5.0 0.1 -5.3 41

42 Reserves at Federal Reserve -1.0 -4.7 6.8 -4.6 -2.0 -5.0 -2.2 4.5 -0.0 1.1 42

43 Vault cash 2.4 4.6 -0.2 -2.9 24.5 -22.2 2.9 0.5 0.1 -6.4 43

44 Savings insts.: Reserves at Fed. Res. -0.2 -0.4 -0.5 0.1 -0.2 0.1 0.6 0.6 0.5 -0.1 44

45 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Discrepancy--floats, etc. -3.0 -3.4 -19.8 3.8 3.2 17.3 17.2 6.6 -3.6 14.9 46
32 FFA, 1995-2004, March 11, 2010

F.204 Checkable Deposits and Currency

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities -28.8 -11.0 8.8 11.1 112.0 -113.5 110.6 -7.9 84.5 85.4 1

 2 Monetary authority 16.9 23.3 29.8 39.0 108.2 -35.1 47.4 41.9 37.3 37.7 2

 3 Federal government cash and deposits -1.2 1.7 -2.3 0.5 22.3 -22.9 1.5 -2.3 1.3 0.1 3

 4 Due to government-sponsored enterprises 0.0 -0.0 0.0 0.7 -0.4 0.1 -0.6 0.4 -0.5 0.6 4

 5 Deposits due to foreign 0.1 -0.2 0.3 -0.3 -0.1 0.1 -0.2 0.1 0.0 -0.1 5

 6 Currency outside banks 18.0 21.8 31.9 38.1 86.4 -12.5 46.7 43.7 36.5 37.1 6

 7 Commercial banking -45.9 -34.6 -19.8 -33.5 3.4 -85.5 56.5 -57.3 35.7 39.5 7

 8 Federal government deposits -4.7 9.7 -0.9 -14.6 36.4 -33.2 -0.4 -16.4 -0.9 -3.2 8

 9 Deposits due to foreign 0.9 2.8 4.8 -3.1 0.0 2.0 -4.9 -0.7 4.0 9.2 9

10 Private domestic deposits -42.1 -47.1 -23.7 -15.8 -33.0 -54.3 61.7 -40.3 32.6 33.6 10

11 Savings institutions -2.0 -1.3 -5.3 -0.8 -2.0 1.2 3.2 1.8 5.4 0.5 11

12 Credit unions 2.1 1.6 4.1 6.4 2.3 5.9 3.5 5.7 6.0 7.6 12

13 Net change in assets -28.8 -11.0 8.8 11.1 112.0 -113.5 110.6 -7.9 84.5 85.4 13

14 Household sector -52.6 -67.3 -46.5 15.6 -46.0 -82.6 72.1 7.2 -40.5 -39.3 14

15 Nonfinancial business 18.1 28.5 15.0 -5.5 41.3 24.1 -63.4 -37.8 56.3 94.8 15

16 Corporate 4.5 9.3 -7.4 -12.0 36.0 15.5 -64.5 -40.9 49.9 -12.5 16

17 Nonfarm noncorporate 13.2 19.3 22.2 4.7 4.7 8.4 0.5 2.6 5.8 106.3 17

18 Farm 0.5 -0.0 0.2 1.7 0.6 0.2 0.6 0.5 0.7 1.0 18

19 State and local governments 3.4 -5.5 4.4 -3.9 3.9 0.1 4.0 5.2 7.0 -6.8 19

20 Federal government -0.0 11.0 -0.5 -16.7 66.2 -65.1 41.1 -17.1 9.3 -31.0 20

21 Rest of the world 9.9 16.7 27.5 10.5 24.3 -1.2 18.8 18.3 14.6 22.4 21

22 Checkable deposits 1.1 2.6 5.1 -3.4 -0.1 2.2 -5.0 -0.6 4.0 9.1 22

23 Currency 8.8 14.2 22.4 13.8 24.4 -3.4 23.8 18.9 10.6 13.3 23

24 Financial sectors 2.1 9.1 15.6 11.6 30.5 2.4 78.5 18.6 46.7 27.1 24

25 Commercial banking 0.2 -0.2 -0.1 0.6 0.3 -0.5 1.1 -0.3 -0.0 1.0 25

26 Savings institutions 1.7 -1.4 1.0 3.2 2.1 -1.5 2.0 3.8 0.0 -3.5 26

27 Credit unions 0.9 0.1 0.6 1.0 17.3 0.3 10.1 1.6 3.2 -1.4 27

28 Property-casualty insurance companies -0.2 -0.9 0.3 -0.2 0.2 -0.6 9.4 12.8 8.6 -8.7 28

29 Life insurance companies -0.5 -0.9 3.8 -2.7 0.0 -0.5 31.9 -1.6 12.0 6.0 29

30 Private pension funds 0.8 0.7 1.4 -0.8 1.3 3.3 -0.8 0.3 0.1 0.1 30

31 State and local govt. retirement funds -2.5 3.3 -2.2 4.7 -0.7 0.7 1.5 1.5 0.8 2.5 31

32 Money market mutual funds -1.0 2.4 2.6 -2.5 -2.3 4.7 3.9 -6.8 -0.7 2.7 32

33 Government-sponsored enterprises 0.2 -0.7 1.3 2.9 7.2 -7.7 2.3 8.1 14.0 10.4 33

34 Finance companies 0.8 2.6 -0.4 1.1 1.5 2.6 -0.7 2.2 1.9 -0.8 34

35 REITs 0.0 2.2 1.1 0.8 0.3 -0.0 1.1 -0.1 3.8 3.0 35

36 Brokers and dealers 1.7 1.9 6.0 3.7 3.3 1.6 16.8 -2.9 2.9 15.7 36

37 Mail float -9.8 -3.6 -6.6 -0.5 -8.2 8.7 -40.5 -2.3 -8.9 18.2 37
FFA, 1995-2004, March 11, 2010 33

F.205 Time and Savings Deposits

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities 178.3 237.9 252.0 281.1 215.0 347.2 383.1 375.3 363.2 534.4 1

 2 Small time and savings deposits 112.6 123.9 129.5 189.3 83.8 231.0 314.6 325.4 307.4 281.6 2

 3 Commercial banking 113.9 123.1 148.3 183.7 72.0 211.6 249.4 269.4 231.7 280.6 3

 4 U.S.-chartered commercial banks 113.4 122.8 143.9 186.4 73.0 210.6 240.4 273.6 229.6 279.7 4

 5 Foreign banking offices in U.S. -0.7 0.1 4.4 -3.7 -1.8 -0.4 4.5 -2.3 0.8 -0.7 5

 6 Banks in U.S.-affiliated areas 1.2 0.2 -0.0 1.0 0.8 1.4 4.6 -1.9 1.3 1.6 6

 7 Savings institutions -12.9 -11.5 -32.0 -17.4 -0.4 6.4 16.6 20.9 47.2 -14.4 7

 8 Credit unions 11.6 12.3 13.2 23.1 12.3 13.0 48.6 35.1 28.5 15.5 8

 9 Large time deposits (1) 65.6 114.0 122.5 91.8 131.1 116.2 68.5 50.0 55.8 252.9 9

10 Commercial banking 54.8 105.3 107.9 72.1 119.6 92.8 32.7 -2.8 12.8 192.5 10

11 U.S.-chartered commercial banks 42.6 49.5 63.2 34.8 61.6 87.9 -25.2 24.3 3.0 115.6 11

12 Foreign banking offices in U.S. 11.0 55.6 44.7 36.3 57.2 3.4 53.3 -25.1 8.5 75.4 12

13 Banks in U.S.-affiliated areas 1.2 0.2 -0.0 1.0 0.8 1.4 4.6 -1.9 1.3 1.6 13

14 Savings institutions 9.2 6.3 11.7 15.7 8.5 19.9 26.8 44.0 32.2 54.0 14

15 Credit unions 1.7 2.4 2.9 4.1 3.1 3.5 9.0 8.7 10.8 6.4 15

16 Net change in assets 178.3 237.9 252.0 281.1 215.0 347.2 383.1 375.3 363.2 534.4 16

17 Household sector 135.5 142.1 143.0 95.7 102.0 280.7 273.8 310.4 287.2 463.5 17

18 Nonfinancial business 7.6 33.5 45.4 69.0 97.3 103.5 15.9 24.6 116.1 24.5 18

19 Corporate 3.3 30.0 34.7 28.2 44.3 35.5 8.8 10.2 71.5 37.7 19

20 Nonfarm noncorporate 4.3 3.5 10.7 40.7 53.1 68.1 7.1 14.5 44.7 -13.2 20

21 State and local governments 6.6 10.6 5.8 14.8 14.0 10.6 12.0 8.8 20.3 11.6 21

22 Federal government 0.3 1.4 1.0 1.3 0.7 1.0 4.2 17.1 -25.2 -0.0 22

23 Rest of the world -6.6 10.9 13.1 51.9 3.0 -17.3 0.6 41.2 5.2 34.1 23

24 Financial sectors 34.9 39.3 43.7 48.5 -2.0 -31.4 76.6 -26.8 -40.5 0.7 24

25 Savings institutions -0.2 0.3 -0.4 0.5 -0.1 0.1 0.8 0.4 0.0 0.6 25

26 Credit unions 0.4 -0.7 0.6 6.4 -6.8 -1.1 7.4 1.6 2.5 -0.7 26

27 Private pension funds 8.1 8.9 11.0 29.8 -39.3 -22.9 -36.4 -3.9 3.3 -4.8 27

28 State and local govt. retirement funds 2.0 -2.2 0.1 -0.4 -0.3 -0.1 0.2 -0.1 -0.9 0.6 28

29 Money market mutual funds 20.9 30.4 28.6 12.6 31.5 -11.7 89.3 -23.9 -53.3 0.4 29

30 Government-sponsored enterprises 0.0 0.0 0.0 -1.7 5.2 0.5 8.1 -5.1 -8.5 6.5 30

31 Finance companies 3.6 2.6 3.7 1.3 7.7 3.9 7.2 4.0 16.4 -1.8 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 141.2 145.4 155.9 285.4 251.7 232.5 428.5 -16.7 -207.5 -136.5 1

 2 Net purchases 141.2 145.4 155.9 285.4 251.7 232.5 428.5 -16.7 -207.5 -136.5 2

 3 Household sector 99.3 55.5 72.7 104.3 109.5 143.7 153.4 -41.5 -111.5 -56.1 3

 4 Nonfinancial corporate business 22.9 7.7 20.2 38.6 28.4 36.5 110.5 33.8 -36.7 25.3 4

 5 Nonfarm noncorporate business 1.9 2.2 3.7 9.7 8.1 8.7 9.6 2.3 2.3 2.9 5

 6 State and local governments 4.8 1.4 3.6 31.1 4.5 2.7 3.2 1.6 4.0 3.9 6

 7 Rest of the world 0.8 0.8 0.8 0.8 0.8 3.1 3.9 1.1 2.6 4.1 7

 8 Life insurance companies 6.6 39.1 32.6 17.6 21.4 10.5 31.0 -13.5 -8.3 -30.7 8

 9 Private pension funds 6.3 11.2 13.4 2.3 12.1 4.2 -6.1 9.4 -0.2 0.6 9

10 State and local govt. retirement funds 0.9 1.7 2.1 0.3 1.8 1.4 2.2 0.1 -2.1 -1.9 10

11 Funding corporations -2.4 25.9 6.8 80.9 65.1 21.6 120.5 -10.0 -57.5 -84.7 11
34 FFA, 1995-2004, March 11, 2010

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities 102.0 38.0 101.0 44.3 128.0 74.4 43.2 96.4 213.5 85.8 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.1 4.6 5.1 2

 3 Commercial banking (net) 21.8 37.6 69.0 39.9 69.8 39.6 -20.8 85.0 38.0 13.1 3

 4 U.S.-chartered commercial banks 19.6 25.3 43.5 19.7 87.5 -11.1 -9.7 43.1 42.7 14.6 4

 5 Foreign banking offices in U.S. 1.8 12.0 25.6 19.7 -17.9 52.3 -11.0 39.5 -5.7 -0.2 5

 6 Bank holding companies 0.4 0.4 0.0 0.5 0.1 -1.6 -0.1 2.4 0.9 -1.3 6

 7 Savings institutions -0.0 -0.9 -1.9 9.5 21.4 -19.6 3.8 -15.3 19.3 2.4 7

 8 REITs 1.2 2.8 11.2 -9.8 -0.3 -2.5 9.2 14.6 5.5 28.7 8

 9 Brokers and dealers (net) 79.0 -1.5 22.7 4.6 37.1 56.9 51.0 -9.0 146.2 36.5 9

10 Net change in assets 85.2 39.4 58.1 29.9 130.3 -29.1 75.0 69.9 253.2 226.8 10

11 Nonfinancial corporate business 0.3 1.5 0.7 -0.4 1.6 -1.6 -0.2 2.2 -0.2 0.4 11

12 State and local governments -3.0 32.1 3.6 4.2 -2.5 -10.3 -10.9 -16.3 7.9 7.7 12

13 Rest of the world 21.0 3.2 20.0 -18.8 8.0 11.4 59.7 39.1 270.1 204.9 13

14 Financial sectors 66.9 2.6 33.9 44.9 123.3 -28.6 26.3 45.0 -24.6 13.7 14

15 Monetary authority 3.3 7.7 2.3 6.5 110.3 -97.3 6.9 -10.8 4.3 -10.8 15

16 Savings institutions 4.8 -1.2 -0.8 5.5 -4.2 4.3 5.4 -0.3 -7.7 -3.2 16

17 Credit unions (net) 0.2 -4.9 2.0 3.4 2.4 -5.3 -1.5 -0.8 -0.1 2.6 17

18 Property-casualty insurance companies 8.1 -2.1 -0.2 7.4 -14.4 10.0 -8.1 14.2 8.5 10.2 18

19 Private pension funds 0.3 4.9 1.2 1.2 1.9 -5.1 -8.9 0.6 2.0 0.3 19

20 State and local govt. retirement funds 3.7 -3.3 0.4 8.9 2.8 -0.5 -5.9 -6.9 -3.6 -3.2 20

21 Money market mutual funds 19.0 16.0 22.8 12.2 1.7 43.5 43.4 47.1 -20.8 -18.7 21

22 Mutual funds 7.1 -2.7 10.3 13.1 9.9 18.8 -28.9 10.9 12.9 18.1 22

23 Government-sponsored enterprises (net) 20.5 -11.8 -4.1 -13.4 12.7 3.0 23.8 -9.1 -20.0 18.3 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Discrepancy--unallocated assets 16.8 -1.3 42.9 14.4 -2.4 103.5 -31.7 26.5 -39.7 -141.0 25

F.208 Open Market Paper

Billions of dollars

 1 Total net issues, all types 74.3 102.6 184.1 193.1 229.9 211.6 -191.6 -99.1 -82.0 106.2 1

 2 Commercial paper 75.1 101.6 186.8 202.5 232.8 212.2 -188.5 -98.9 -81.7 106.5 2

 3 Nonfinancial corporate business 18.1 -0.9 13.7 24.4 37.4 48.1 -83.1 -57.9 -37.3 15.3 3

 4 Foreign issues in U.S. 13.5 11.3 3.7 7.8 16.3 31.7 18.3 58.8 18.9 69.2 4

 5 Nonfinancial 5.4 -1.9 -2.3 -1.6 8.2 10.9 -16.4 -0.2 -3.8 -2.2 5

 6 Financial 8.1 13.2 6.0 9.4 8.1 20.8 34.7 59.0 22.6 71.5 6

 7 Financial sectors 43.4 91.3 169.4 170.3 179.2 132.4 -123.7 -99.8 -63.3 21.9 7

 8 Commercial banking -1.4 1.9 6.0 7.8 9.1 1.2 -5.1 -2.3 -6.0 10.8 8

 9 ABS issuers 37.3 45.4 89.4 125.7 139.0 125.0 84.9 -41.7 -36.0 -3.9 9

10 Finance companies -2.9 9.4 24.6 30.7 -2.9 9.7 -77.7 -14.6 -2.7 30.2 10

11 REITs -0.0 0.0 0.0 0.2 -0.2 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 10.5 34.5 49.4 6.0 34.2 -3.5 -125.8 -41.2 -18.5 -15.2 12

13 Bankers acceptances (1) -0.8 1.0 -2.7 -9.4 -2.9 -0.7 -3.2 -0.2 -0.2 -0.3 13

14 Net purchases, by sector 74.3 102.6 184.1 193.1 229.9 211.6 -191.6 -99.1 -82.0 106.2 14

15 Household sector 2.0 4.1 1.3 3.0 4.7 12.4 -9.2 -5.9 -4.9 6.4 15

16 Nonfinancial corporate business 1.3 11.4 4.6 3.3 8.2 10.2 2.4 4.6 10.9 19.3 16

17 State and local governments 17.1 20.3 14.3 12.8 17.5 15.2 17.5 14.3 10.3 10.1 17

18 Rest of the world 18.6 14.4 19.9 33.6 -6.4 9.3 -5.9 18.1 66.2 37.0 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) -0.1 0.8 -0.8 -0.2 0.3 0.2 0.0 0.0 0.0 0.0 20

21 Savings institutions 0.0 0.1 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions -1.6 -0.3 -0.1 0.2 1.5 -0.6 1.2 -0.9 -0.8 0.1 22

23 Life insurance companies -7.3 2.9 17.5 7.5 2.0 -4.5 -11.9 14.7 -18.2 -7.6 23

24 Private pension funds 0.8 6.0 1.5 3.2 6.0 -6.2 -8.2 3.7 -3.2 1.0 24

25 State and local govt. retirement funds 3.7 -3.3 0.4 8.9 2.8 6.9 4.0 -3.2 -6.4 -6.5 25

26 Money market mutual funds 48.4 38.4 62.1 79.1 110.2 96.7 3.4 -38.6 -125.2 -54.1 26

27 Mutual funds 7.1 -3.1 10.6 13.1 9.9 18.8 -28.9 -7.7 13.1 18.0 27

28 Government-sponsored enterprises -0.8 9.6 -1.1 28.6 -32.4 10.7 2.7 -23.5 -3.7 -0.9 28

29 Brokers and dealers 10.9 1.6 0.6 3.8 -2.0 13.2 9.0 -4.7 5.9 -1.3 29

30 Funding corporations -25.7 -0.5 53.5 -3.9 107.6 29.4 -167.7 -70.2 -25.9 84.6 30

(1) Excludes banks’ holdings of own acceptances.
FFA, 1995-2004, March 11, 2010 35

F.209 Treasury Securities

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net issues 142.9 146.6 23.2 -54.6 -71.0 -294.9 -5.1 257.1 398.4 362.5 1

 2 Savings bonds 5.1 2.0 -0.5 0.1 -0.2 -1.7 5.6 4.5 8.9 0.6 2

 3 Other Treasury issues 137.9 144.5 23.7 -54.7 -70.8 -293.2 -10.7 252.5 389.5 361.9 3

 4 Net purchases 142.9 146.6 23.2 -54.6 -71.0 -294.9 -5.1 257.1 398.4 362.5 4

 5 Household sector -17.9 -5.1 -143.1 -69.3 0.0 -209.0 -86.6 -129.0 29.1 26.6 5

 6 Savings bonds 5.1 2.0 -0.5 0.1 -0.2 -1.7 5.6 4.5 8.9 0.6 6

 7 Other Treasury issues -22.9 -7.1 -142.6 -69.4 0.2 -207.3 -92.2 -133.6 20.2 26.0 7

 8 Nonfinancial corporate business 6.3 -10.0 -20.2 -3.2 -4.2 -1.3 -1.3 14.5 1.4 0.3 8

 9 Nonfarm noncorporate business 5.3 4.9 3.7 5.7 -0.8 3.0 2.7 0.0 2.1 5.3 9

10 State and local governments -80.2 -32.8 -17.7 41.4 23.8 5.5 18.4 26.2 9.5 24.9 10

11 Rest of the world 160.5 262.7 123.7 18.7 -32.3 -75.2 19.3 160.9 276.4 366.9 11

12 Monetary authority 13.7 12.7 39.8 21.4 25.8 33.7 40.0 77.7 37.3 51.2 12

13 Commercial banking -11.7 -16.9 8.3 -56.0 14.8 -44.4 -21.9 43.2 2.2 -24.3 13

14 U.S.-chartered commercial banks -40.4 -34.7 -6.1 -42.0 -2.0 -35.0 -31.4 29.9 7.1 -19.2 14

15 Foreign banking offices in U.S. 29.6 18.4 14.4 -10.3 9.7 -0.5 9.8 12.9 -7.3 -5.7 15

16 Bank holding companies -1.2 0.6 -0.1 -3.1 7.9 -7.9 0.4 0.1 1.4 -0.8 16

17 Banks in U.S.-affiliated areas 0.2 -1.3 0.1 -0.7 -0.7 -1.0 -0.6 0.3 1.0 1.4 17

18 Savings institutions -8.7 -1.0 -2.8 -4.4 -0.0 -1.4 2.7 -2.2 3.0 -3.9 18

19 Credit unions -3.8 -0.9 -1.8 -2.5 -3.5 -1.4 -0.8 0.1 1.2 0.1 19

20 Property-casualty insurance companies 0.5 -12.6 2.1 -20.8 -9.7 -8.6 -0.0 9.2 3.5 6.6 20

21 Life insurance companies 1.0 -14.9 1.6 -14.1 -9.3 -4.6 -4.4 24.8 -6.6 6.6 21

22 Private pension funds -0.4 -4.8 2.0 -13.2 16.8 -9.9 -6.4 -1.6 13.3 -3.9 22

23 State and local govt. retirement funds -7.4 4.6 6.2 -6.4 -13.8 -19.8 -24.0 3.8 -10.3 2.4 23

24 Federal government retirement funds 3.2 2.2 1.7 2.3 2.9 2.0 7.2 9.6 5.1 5.4 24

25 Money market mutual funds 3.8 20.3 -4.0 21.7 -4.0 -12.9 46.0 4.7 -10.2 -33.9 25

26 Mutual funds 13.4 -18.0 10.6 4.6 -23.7 10.2 -9.8 17.2 9.3 4.8 26

27 Closed-end funds -1.7 0.1 -1.4 -1.0 -1.2 -0.9 0.1 -2.8 0.6 2.3 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 0.1 2.8 28

29 Government-sponsored enterprises 6.1 -12.9 7.1 -0.7 5.8 0.6 0.4 12.1 -12.3 -0.6 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.1 0.4 0.4 1.9 5.2 30

31 Brokers and dealers 61.0 -31.1 7.5 21.2 -58.4 39.4 13.1 -13.7 41.7 -82.4 31

 Memo:

32 Federal government borrowing (1) 144.4 144.9 23.1 -52.6 -71.2 -295.9 -5.6 257.6 396.0 361.9 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, 1995-2004, March 11, 2010

F.210 Agency- and GSE-backed Securities (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net issues 205.8 229.8 213.6 473.6 593.1 433.9 642.1 547.2 583.8 117.5 1

 2 Budget agencies 1.5 -1.6 -0.1 2.0 -0.2 -1.0 -0.5 0.5 -2.4 -0.6 2

 3 Government-sponsored enterprises 106.0 90.4 99.1 278.9 318.8 235.2 304.1 219.8 250.9 75.0 3

 4 Agency- and GSE-backed mortgage pools 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 4

 5 Net purchases 205.8 229.8 213.6 473.6 593.1 433.9 642.1 547.2 583.8 117.5 5

 6 Household sector 27.6 100.9 53.2 69.2 83.8 34.1 -122.8 -160.3 133.9 80.6 6

 7 Nonfinancial corporate business 3.5 5.1 -20.5 2.6 1.8 3.0 2.1 -0.7 -4.8 0.1 7

 8 State and local governments -35.1 -35.3 -0.8 38.7 44.2 41.4 47.3 41.7 22.5 21.9 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world 17.6 26.8 30.3 11.1 63.4 141.9 92.0 127.1 12.3 178.2 10

11 Monetary authority -1.0 -0.4 -1.5 -0.3 -0.2 -0.1 -0.1 0.0 -0.0 0.0 11

12 Commercial banking 38.7 28.2 75.5 92.0 36.4 22.3 55.6 140.5 84.4 94.8 12

13 U.S.-chartered commercial banks 23.4 15.3 60.4 81.7 29.4 18.2 73.7 121.1 85.1 89.7 13

14 Foreign banking offices in U.S. 14.3 12.4 12.5 5.2 4.9 0.4 -22.0 10.9 -6.3 -1.4 14

15 Bank holding companies -0.2 0.3 0.6 1.1 -1.3 -0.5 1.4 4.5 0.9 1.9 15

16 Banks in U.S.-affiliated areas 1.3 0.2 2.0 3.9 3.3 4.3 2.5 3.9 4.7 4.7 16

17 Savings institutions 4.7 -8.5 -0.8 -11.6 3.4 -6.7 21.0 14.7 22.6 -82.3 17

18 Credit unions 4.9 4.9 0.4 7.3 2.9 -0.4 19.6 -1.5 15.2 -1.1 18

19 Property-casualty insurance companies 2.3 2.8 1.7 -1.2 5.9 8.6 10.1 19.0 2.2 -3.3 19

20 Life insurance companies 8.7 1.3 -3.0 -9.6 7.0 11.0 18.1 77.4 18.0 8.2 20

21 Private pension funds 1.6 -11.3 6.1 -17.2 39.6 -32.9 5.1 -19.6 40.6 11.8 21

22 State and local govt. retirement funds 23.2 5.5 18.4 19.1 22.9 49.9 1.9 11.8 42.5 23.7 22

23 Federal government retirement funds 0.1 0.1 0.1 0.2 -0.0 0.1 1.6 1.9 0.5 -0.5 23

24 Money market mutual funds 13.7 11.0 -5.5 76.1 18.6 -7.0 141.5 8.7 -4.6 -61.1 24

25 Mutual funds 5.5 33.1 8.9 21.6 36.2 12.6 84.7 54.0 25.2 15.2 25

26 Government-sponsored enterprises 60.0 65.8 67.6 158.4 172.9 149.2 206.9 131.7 101.9 -202.4 26

27 ABS issuers 20.8 -4.6 -20.7 24.7 41.0 8.6 35.0 75.1 82.5 -5.6 27

28 REITs -0.2 3.2 9.0 -8.1 -1.8 0.6 8.3 11.5 -2.9 15.8 28

29 Brokers and dealers 9.0 1.2 -4.8 0.5 15.0 -2.3 14.1 14.1 -8.1 23.5 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, 1995-2004, March 11, 2010 37

F.211 Municipal Securities and Loans

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities -57.6 -6.5 56.9 84.2 54.4 23.6 122.7 159.4 137.6 130.5 1

 2 State and local governments -60.9 -15.7 45.6 66.7 38.9 16.5 105.4 143.9 120.5 113.8 2

 3 Short-term (1) 1.2 6.3 8.3 -6.3 2.6 1.4 23.8 25.2 10.4 -5.9 3

 4 Long-term -62.1 -22.0 37.3 72.9 36.3 15.1 81.6 118.7 110.1 119.7 4

 5 Nonprofit organizations (2) 0.2 6.1 7.1 11.8 10.4 5.8 13.8 12.6 13.8 11.4 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 3.1 3.1 4.2 5.8 5.1 1.4 3.5 2.9 3.3 5.3 6

 7 Net change in assets -57.6 -6.5 56.9 84.2 54.4 23.6 122.7 159.4 137.6 130.5 7

 8 Household sector -60.5 -40.5 21.5 1.1 29.4 4.8 49.5 97.6 25.4 38.6 8

 9 Nonfinancial corporate business -19.9 -5.8 -3.6 -1.6 -0.7 6.9 -2.6 2.8 3.3 -3.6 9

10 Nonfarm noncorporate business 0.6 0.4 0.5 -0.4 -0.1 -0.3 1.1 -0.1 -0.7 1.7 10

11 State and local governments -3.5 -0.5 -0.7 -0.7 0.3 0.2 0.2 0.1 0.3 0.3 11

12 Rest of the world 1.0 1.0 1.0 1.0 1.0 0.2 0.0 3.5 8.0 6.5 12

13 Commercial banking -4.2 0.9 2.4 8.2 5.9 3.4 6.1 1.5 11.0 8.1 13

14 Savings institutions -0.0 0.1 0.0 0.4 0.5 0.2 1.6 0.9 0.9 0.8 14

15 Property-casualty insurance companies 7.0 14.4 2.6 16.5 -9.1 -14.9 -10.3 9.2 41.2 43.6 15

16 Life insurance companies -0.9 1.5 0.1 1.7 1.7 -1.0 -0.4 1.2 6.2 4.0 16

17 State and local govt. retirement funds 0.7 -1.3 0.9 1.7 -0.2 -1.3 -0.1 -0.8 3.5 -2.6 17

18 Money market mutual funds 14.3 16.8 22.5 25.8 17.6 34.1 34.2 1.8 13.6 21.8 18

19 Mutual funds 3.2 3.1 6.5 22.8 -3.2 -9.0 22.6 24.3 12.9 4.1 19

20 Closed-end funds 4.8 1.0 0.3 1.3 9.0 -2.0 7.0 11.3 3.2 -0.1 20

21 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Government-sponsored enterprises 2.7 4.3 0.5 6.5 3.6 2.9 6.2 4.0 5.0 0.3 22

23 Brokers and dealers -2.7 -1.9 2.4 -0.1 -1.2 -0.7 7.7 2.0 3.8 7.1 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 342.3 336.5 370.7 490.6 382.4 358.9 632.4 563.8 668.2 829.5 1

 2 Nonfinancial corporate business 104.2 128.0 181.1 214.9 225.9 164.0 343.4 133.4 152.2 75.5 2

 3 Rest of the world (1) 56.9 66.6 59.6 28.8 7.9 21.2 -18.5 31.6 28.7 85.8 3

 4 Financial sectors 181.2 141.9 130.0 246.8 148.6 173.7 307.5 398.8 487.3 668.3 4

 5 Commercial banking 18.5 7.8 23.7 27.6 20.4 32.6 37.0 22.0 46.2 59.0 5

 6 Savings institutions -0.0 -0.4 0.1 -0.2 0.2 3.5 -2.6 -0.2 1.7 2.5 6

 7 ABS issuers (net) (3) 90.5 69.2 48.0 132.4 14.8 44.2 176.9 270.3 285.9 443.2 7

 8 Finance companies 52.6 36.8 4.7 24.2 64.7 72.9 68.1 64.0 107.9 74.1 8

 9 REITs 0.2 1.3 14.8 21.7 8.4 2.9 4.6 14.0 23.8 61.9 9

10 Brokers and dealers -5.0 -2.0 8.1 7.2 -17.2 15.6 1.4 -1.7 6.4 15.2 10

11 Funding corporations 24.4 29.2 30.6 34.0 57.4 1.9 22.2 30.5 15.4 12.2 11

12 Net purchases 342.3 336.5 370.7 490.6 382.4 358.9 632.4 563.8 668.2 829.5 12

13 Household sector 78.7 52.6 40.5 27.7 -92.1 84.7 41.7 206.1 -127.4 39.6 13

14 State and local governments 7.1 10.7 1.3 11.4 11.6 9.8 11.3 9.1 7.1 6.9 14

15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Rest of the world (2) 49.2 70.8 67.4 105.2 143.4 168.2 195.4 147.5 220.8 259.5 16

17 Commercial banking 8.0 1.1 26.0 35.7 33.9 56.0 97.0 -3.2 43.4 82.4 17

18 Savings institutions -8.2 -9.9 -9.9 29.9 23.3 -2.5 -25.6 -4.0 -8.0 -12.7 18

19 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22.1 2.3 0.6 19

20 Property-casualty insurance companies 12.7 18.3 18.9 11.6 10.0 6.4 8.9 2.4 20.0 26.4 20

21 Life insurance companies 90.7 79.2 85.7 82.6 41.2 47.9 119.5 105.7 170.4 145.9 21

22 Private pension funds 14.0 3.3 34.0 20.4 43.1 -76.3 -23.1 11.6 21.3 -7.5 22

23 State and local govt. retirement funds 10.1 22.2 33.1 35.1 30.4 4.2 -34.6 -62.4 -9.9 6.0 23

24 Federal government retirement funds 0.1 0.1 0.0 0.1 -0.0 0.0 0.9 1.2 0.4 -0.3 24

25 Money market mutual funds 6.4 2.4 12.5 45.8 42.6 27.3 42.3 5.6 30.5 2.3 25

26 Mutual funds 23.1 33.0 40.9 62.5 26.3 -10.6 65.4 50.4 78.5 64.9 26

27 Closed-end funds 5.4 1.9 -0.0 4.7 1.8 -2.7 -3.8 0.1 31.6 8.9 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 0.6 1.0 28

29 Government-sponsored enterprises 9.9 8.1 6.0 24.6 28.8 19.1 24.6 33.5 33.5 192.0 29

30 Finance companies 13.0 15.5 9.7 7.1 27.0 18.8 19.0 18.1 53.3 -7.7 30

31 REITs 0.8 1.4 2.1 -0.4 3.1 0.2 0.4 0.6 8.5 17.1 31

32 Brokers and dealers 11.7 13.1 5.7 -17.9 11.9 17.2 47.3 32.1 36.2 18.7 32

33 Funding corporations 9.8 12.8 -3.4 4.5 -3.8 -8.9 45.8 -14.4 54.9 -14.5 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, 1995-2004, March 11, 2010

F.213 Corporate Equities (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net issues -0.1 14.3 -47.7 -110.6 5.7 5.6 100.9 72.3 144.6 80.5 1

 2 Nonfinancial corporate business -58.3 -47.3 -77.4 -215.5 -110.4 -118.2 -48.1 -16.2 -39.6 -122.7 2

 3 Rest of the world (2) 65.4 82.8 57.6 101.4 114.3 106.7 109.1 17.0 118.0 84.8 3

 4 Financial sectors -7.2 -21.3 -27.9 3.5 1.7 17.1 39.9 71.6 66.2 118.5 4

 5 Commercial banking -8.7 -14.3 -27.7 -11.2 -10.2 -12.5 -8.1 -10.7 -2.1 17.6 5

 6 Savings institutions 0.0 0.0 0.0 0.0 0.2 0.4 1.0 0.9 1.6 -0.3 6

 7 Property-casualty insurance companies -2.2 -4.8 -13.7 -4.7 -7.8 -4.5 0.5 6.2 4.1 -4.0 7

 8 Life insurance companies -3.6 -8.8 -4.0 -4.7 -6.0 -0.8 -0.9 -6.5 -3.9 -17.3 8

 9 Closed-end funds 8.0 0.3 -11.2 -6.8 -4.8 -5.5 1.9 18.1 43.7 32.7 9

10 Exchange-traded funds 0.4 1.1 3.4 6.0 12.2 42.4 31.0 45.3 15.8 56.4 10

11 REITs 7.6 12.3 32.5 19.8 6.6 2.2 6.1 8.4 13.3 21.5 11

12 Government-sponsored enterprises -0.6 -0.4 -1.4 2.6 4.0 -0.3 1.6 -0.2 1.7 9.3 12

13 Brokers and dealers -8.1 -6.5 -5.9 2.5 7.6 -4.2 6.7 10.2 -8.0 2.6 13

14 Funding corporations (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net purchases -0.1 14.3 -47.7 -110.6 5.7 5.6 100.9 72.3 144.6 80.5 15

16 Household sector -70.6 -157.0 -218.7 -285.0 -153.2 -637.5 -488.2 -162.3 -101.8 -269.9 16

17 State and local governments 12.1 14.5 16.8 -8.8 -21.7 6.1 4.1 10.3 -17.0 -4.2 17

18 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Rest of the world (4) 3.5 -3.5 53.2 27.4 104.5 199.7 134.3 54.4 5.2 25.0 19

20 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Commercial banking 2.1 1.8 0.6 1.3 2.0 0.3 0.2 -0.6 2.4 -0.3 21

22 Savings institutions 0.7 0.6 0.2 1.5 -0.7 0.4 3.2 2.0 -1.0 -1.1 22

23 Property-casualty insurance companies -0.9 -7.1 2.6 -5.4 -1.7 0.3 -0.7 -1.6 -3.4 -3.9 23

24 Life insurance companies 28.2 44.5 72.0 82.5 116.9 111.3 70.2 52.7 45.5 51.5 24

25 Private pension funds -91.0 -91.5 -150.7 -31.5 -180.4 62.8 106.5 -61.5 -2.6 24.7 25

26 State and local govt. retirement funds 18.2 18.2 9.4 -28.2 -6.2 11.6 115.1 85.2 35.4 1.9 26

27 Federal government retirement funds 2.6 4.2 4.4 4.0 4.4 5.2 -0.6 8.2 17.5 9.1 27

28 Mutual funds 87.4 193.0 166.8 143.3 136.4 193.1 109.8 31.4 136.8 158.5 28

29 Closed-end funds -0.5 -2.6 -10.0 -11.8 -14.5 0.1 -1.3 9.4 8.3 21.7 29

30 Exchange-traded funds 0.4 1.1 3.4 6.0 12.2 42.4 31.0 41.6 15.1 52.6 30

31 Brokers and dealers 7.7 -1.9 2.4 -6.0 7.7 9.6 17.3 3.2 4.1 15.2 31

32 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 147.4 237.6 265.1 279.5 191.2 237.6 204.9 181.1 288.6 298.2 1

 2 Net purchases 147.4 237.6 265.1 279.5 191.2 237.6 204.9 181.1 288.6 298.2 2

 3 Household sector 46.7 163.0 204.7 196.1 72.1 66.7 161.1 92.9 274.4 216.4 3

 4 Nonfinancial corporate business 4.6 8.7 -6.4 6.7 7.4 3.5 4.4 0.9 11.0 1.4 4

 5 State and local governments -3.6 -0.6 -18.2 -13.2 -8.1 1.2 0.4 2.1 -5.2 -1.3 5

 6 Rest of the world 12.3 13.8 13.1 13.8 7.1 -9.2 -16.7 -1.5 26.2 32.7 6

 7 Commercial banking 0.3 0.3 0.8 -0.4 2.3 2.5 7.8 1.7 -6.2 -0.9 7

 8 Credit unions 0.2 -0.3 -0.2 1.2 -1.1 -0.3 1.5 -0.2 0.5 -0.9 8

 9 Property-casualty insurance companies 0.3 0.3 0.4 0.3 0.1 0.4 0.4 0.5 0.7 0.5 9

10 Life insurance companies 3.9 4.5 7.2 9.4 10.0 5.6 2.1 2.6 0.5 12.8 10

11 Private pension funds 72.0 45.7 55.2 53.6 99.4 117.3 18.2 59.9 -3.8 36.1 11

12 State and local govt. retirement funds 10.7 2.2 8.5 12.0 2.1 49.9 25.8 22.2 -9.5 1.5 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, 1995-2004, March 11, 2010 39

F.215 Bank Loans Not Elsewhere Classified

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 Total loans by commercial

 1 banking, flow of funds basis 240.1 174.5 236.5 255.3 206.3 385.4 73.3 225.6 215.9 444.7 1

 - Loans elsewhere classified:

 2 Open market paper -0.1 0.8 -0.8 -0.2 0.3 0.2 0.0 0.0 0.0 0.0 2

 3 Mortgages 77.5 55.2 99.9 91.7 158.4 164.6 129.8 268.5 197.5 339.8 3

 4 Consumer credit 43.6 25.1 -12.4 -3.1 -4.2 43.3 17.4 34.1 52.8 34.9 4

 5 Security credit 4.6 1.3 21.7 20.3 -18.0 50.4 0.0 2.8 23.0 -5.1 5

 6 = Banking sector total bank loans n.e.c. 114.7 92.1 128.2 146.5 69.8 126.9 -73.9 -79.8 -57.4 75.1 6

 7 U.S.-chartered commercial banks 77.0 58.2 108.1 145.6 93.3 112.1 -59.6 -57.8 -39.1 67.6 7

 8 Foreign banking offices in U.S. 35.4 32.2 19.2 -1.7 -22.4 14.6 -19.1 -18.6 -23.6 8.2 8

 9 Bank holding companies 0.4 0.2 -0.0 1.7 -1.6 -0.9 0.3 0.9 5.0 -2.5 9

10 Banks in U.S.-affiliated areas 1.8 1.4 0.9 0.9 0.5 1.1 4.5 -4.3 0.3 1.8 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 = Total bank loans n.e.c. 114.7 92.1 128.2 146.5 69.8 126.9 -73.9 -79.8 -57.4 75.1 12

13 Net change in liabilities 114.7 92.1 128.2 146.5 69.8 126.9 -73.9 -79.8 -57.4 75.1 13

14 Nonfinancial sectors 112.2 79.5 114.9 114.2 78.8 107.1 -94.8 -102.9 -78.8 9.0 14

15 Household sector 17.4 0.5 8.0 5.5 -11.4 0.7 -22.0 -24.2 12.1 -23.0 15

16 Corporate business 74.5 40.4 51.1 76.2 40.0 43.8 -109.6 -108.2 -99.2 -5.6 16

17 Nonfarm noncorporate business 10.7 28.9 43.8 24.8 50.7 48.5 44.0 25.1 11.3 31.7 17

18 Farm business 1.1 0.6 3.5 1.2 -0.9 2.7 -0.0 -0.9 -0.4 2.2 18

19 Rest of the world 8.5 9.1 8.5 6.6 0.5 11.4 -7.3 5.3 -2.5 3.8 19

20 Foreign official institutions 0.4 0.3 -0.8 0.7 0.2 0.6 0.8 0.8 -0.6 1.0 20

21 Foreign banks 2.1 3.4 -0.5 -0.7 -3.2 3.4 -7.4 -0.8 3.8 4.5 21

22 Other foreign 5.9 5.4 9.8 6.6 3.5 7.4 -0.7 5.3 -5.7 -1.7 22

23 Financial sectors 2.5 12.6 13.3 32.3 -9.0 19.8 21.0 23.1 21.4 66.0 23

24 Savings institutions 5.2 1.4 3.5 10.3 -15.7 21.0 3.5 4.5 16.0 28.9 24

25 Finance companies -1.7 8.5 -0.0 6.0 13.8 3.6 20.5 16.8 5.8 30.0 25

26 REITs -1.0 2.7 9.9 16.0 -7.1 -4.8 -3.1 1.8 -0.4 7.2 26

27 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
40 FFA, 1995-2004, March 11, 2010

F.216 Other Loans and Advances

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total other loans and advances 40.1 60.0 97.6 153.6 138.4 139.9 25.0 44.2 39.4 129.2 1

 2 U.S. government loans -13.5 2.6 5.9 -2.4 -7.0 -2.7 -7.8 -0.5 -1.9 -3.0 2

 3 Liab.: Household sector -9.7 9.3 -2.4 -0.4 -0.2 -1.2 -1.2 -0.9 -0.6 -0.9 3

 4 Nonfinancial corporate business -1.7 -0.6 0.4 -0.3 -0.3 -0.0 -1.3 1.0 0.8 0.3 4

 5 Nonfarm noncorporate business 0.2 0.0 4.7 -0.5 -0.1 -1.6 -4.0 1.0 0.2 1.3 5

 6 Farm business -1.7 -0.5 -0.4 -0.4 0.0 0.2 -0.3 -0.2 -0.2 -0.3 6

 7 State and local governments 0.1 -4.8 5.1 0.1 -1.6 0.4 0.1 0.6 0.1 0.3 7

 8 Rest of the world -0.8 -0.7 -1.6 -1.0 -4.8 -0.6 -1.1 -1.9 -2.1 -3.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Foreign loans to U.S. corporate business 0.0 3.9 17.3 -1.0 -22.7 -2.2 -1.6 10.1 -0.8 6.3 12

13 Liab.: Nonfinancial corporate business 0.0 3.9 17.3 -1.0 -22.7 -2.2 -1.6 10.1 -0.8 6.3 13

 Customers liability on acceptances

14 outstanding (Commercial banking asset) -0.6 1.0 -2.8 -9.3 -3.1 -0.7 -2.9 -0.0 -0.2 -0.4 14

15 Liab.: Nonfinancial corporate business -0.8 -0.7 -2.6 -4.3 -2.2 -0.0 -0.3 0.3 -0.2 -0.4 15

16 Rest of the world 0.3 1.8 -0.2 -5.0 -0.9 -0.7 -2.6 -0.4 0.0 0.1 16

17 Savings institution loans to business 2.5 3.0 3.1 5.3 6.5 8.7 3.6 3.3 10.1 1.3 17

18 Liab.: Nonfinancial corporate business 1.2 1.5 1.6 2.7 3.2 4.3 1.8 1.7 5.0 0.7 18

19 Nonfarm noncorporate business 1.2 1.5 1.6 2.7 3.2 4.3 1.8 1.7 5.0 0.7 19

20 Credit unions loans to business 0.4 0.6 0.6 0.2 1.5 2.1 0.5 2.0 -0.1 1.9 20

21 Liab.: Nonfinancial corporate business 0.2 0.3 0.3 0.1 0.8 1.0 0.3 1.0 -0.0 1.0 21

22 Nonfarm noncorporate business 0.2 0.3 0.3 0.1 0.8 1.0 0.3 1.0 -0.0 1.0 22

23 Policy loans (Household liability) 10.5 4.5 3.2 0.1 -5.1 2.8 2.2 1.0 -0.7 1.6 23

24 Asset: Federal government 0.1 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 24

25 Life insurance companies 10.4 4.5 3.2 0.1 -5.0 2.9 2.2 1.0 -0.7 1.6 25

26 Govt.-sponsored enterprises loans (1) 7.2 29.4 35.4 93.5 108.1 45.3 28.3 8.9 31.1 73.5 26

27 Liab.: Household sector (SLMA) -0.1 0.0 -0.2 -0.1 0.1 -0.3 -0.1 0.1 -0.1 -0.3 27

28 Noncorporate business (FCS) 2.5 0.1 0.0 0.6 0.9 1.5 0.0 0.6 -0.3 -1.7 28

29 Farm business (FCS) 1.4 1.3 0.0 2.7 0.0 1.5 2.9 1.4 0.3 1.5 29

30 Commercial banks (FHLB and SLMA) 6.2 2.3 19.1 46.9 40.6 26.8 24.2 30.2 8.6 8.8 30

31 Savings institutions (FHLB and SLMA) -2.6 24.5 16.2 42.1 63.5 16.3 -0.9 -27.4 17.6 60.0 31

32 Credit unions (FHLB) -0.1 0.1 0.1 0.6 2.2 0.0 1.5 2.0 2.2 2.3 32

33 Life insurance companies (FHLB) -0.1 1.1 0.2 0.7 0.7 -0.7 0.6 2.0 2.9 3.0 33

34 Securitized loans held by ABS issuers 5.9 8.1 24.4 23.8 -3.3 7.2 15.7 6.8 -1.0 0.0 34

35 Liab.: Nonfinancial corporate business 5.9 8.1 24.4 23.8 -3.3 7.2 15.7 6.8 -1.0 0.0 35

36 Finance company loans to business 26.7 3.1 -0.6 36.8 54.2 61.1 -16.0 3.8 -2.3 9.8 36

37 Liab.: Nonfinancial corporate business 24.0 2.8 -0.5 33.1 48.8 55.0 -14.4 3.4 -2.1 8.8 37

38 Nonfarm noncorporate business 2.7 0.3 -0.1 3.7 5.4 6.1 -1.6 0.4 -0.2 1.0 38

39 Loans to nonfinancial corporate business (2) 1.0 3.8 11.1 6.6 9.3 18.3 3.1 8.7 5.3 38.1 39

40 Asset: Household sector 0.1 -0.1 0.1 -0.0 0.4 1.3 0.7 0.2 0.3 2.8 40

41 Life insurance companies 0.0 0.0 1.1 1.9 0.3 1.1 0.7 1.1 0.6 1.9 41

42 Mutual funds 0.2 0.8 3.4 2.7 2.9 4.3 -7.3 0.5 -1.1 9.6 42

43 ABS issuers 0.1 0.2 2.0 1.8 3.2 6.9 7.8 9.4 6.2 18.9 43

44 Brokers and dealers 0.3 1.4 3.5 -0.7 0.1 2.1 1.3 -1.3 0.1 5.2 44

45 Funding corporations 0.2 1.5 1.0 0.9 2.5 2.7 -0.1 -1.2 -0.9 -0.3 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, 1995-2004, March 11, 2010 41

F.217 Total Mortgages

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in mortgages 186.4 267.6 312.0 485.3 573.7 558.5 707.6 900.7 1003.9 1247.7 1

 2 Home 167.5 223.0 234.2 356.4 426.3 424.8 552.0 754.7 817.0 1010.0 2

 3 Multifamily residential 6.1 12.3 11.7 33.6 40.8 29.6 42.1 39.0 71.9 53.1 3

 4 Commercial 11.1 29.6 62.0 90.6 102.6 106.6 109.8 100.2 127.2 172.2 4

 5 Farm 1.8 2.7 4.1 4.6 4.1 -2.5 3.8 6.9 -12.2 12.5 5

 6 Net borrowing 186.4 267.6 312.0 485.3 573.7 558.5 707.6 900.7 1003.9 1247.7 6

 7 Household sector 144.1 209.6 214.3 311.9 387.2 397.1 528.7 731.3 870.5 940.3 7

 8 Nonfinancial business 37.0 50.2 82.8 148.7 179.3 156.7 176.7 158.2 124.5 281.9 8

 9 Corporate 7.5 9.3 31.1 -0.1 40.1 21.7 51.7 30.3 61.2 58.1 9

10 Nonfarm noncorporate 27.8 38.2 47.7 144.2 135.1 137.5 121.2 121.0 75.5 211.3 10

11 Farm 1.8 2.7 4.1 4.6 4.1 -2.5 3.8 6.9 -12.2 12.5 11

12 Federal government 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 5.3 7.9 14.9 24.8 7.2 4.7 2.2 11.2 8.9 25.5 13

14 Net change in assets 186.4 267.6 312.0 485.3 573.7 558.5 707.6 900.7 1003.9 1247.7 14

15 Household sector -7.2 -7.5 -7.1 -4.3 7.2 1.9 5.3 7.9 4.3 10.4 15

16 Nonfinancial corporate business 1.6 -3.6 25.9 -13.0 -26.0 2.3 3.1 2.9 2.2 14.8 16

17 Nonfarm noncorporate business -2.1 -1.4 -1.6 7.6 -2.2 -0.7 3.4 -0.6 0.1 4.6 17

18 State and local governments 3.3 3.8 3.7 6.1 4.4 -1.3 -0.8 -5.3 8.5 8.3 18

19 Federal government -13.5 -7.2 -4.5 -0.8 -0.1 -0.9 -1.1 0.5 -2.5 1.6 19

20 Commercial banking 77.5 55.2 99.9 91.7 158.4 164.6 129.8 268.5 197.5 339.8 20

21 Savings institutions (1) 0.6 31.6 3.5 12.1 24.1 54.9 35.1 23.0 89.6 186.8 21

22 Credit unions 4.0 8.9 9.5 10.6 12.6 11.8 15.9 16.1 23.3 28.7 22

23 Property-casualty insurance companies -1.0 -0.4 -0.2 -0.3 -0.0 -0.3 0.2 0.1 0.1 0.3 23

24 Life insurance companies -2.6 -5.0 -1.3 6.8 15.7 5.2 7.1 7.0 10.9 12.4 24

25 Private pension funds 0.8 0.7 0.8 -0.2 1.8 0.2 -2.2 0.6 -0.1 -0.2 25

26 State and local govt. retirement funds 0.7 0.8 0.9 4.8 3.3 -3.6 -1.1 0.1 -0.7 -5.3 26

27 Government-sponsored enterprises (1) 6.3 -6.4 -4.7 7.6 -5.0 22.2 33.2 59.8 101.7 7.5 27

28 Agency- and GSE-backed mortgage pools 98.3 141.0 114.6 192.7 274.6 199.7 338.5 326.8 335.4 43.2 28

29 ABS issuers 16.8 36.1 61.8 128.4 70.9 65.8 120.7 110.9 173.2 434.5 29

30 Finance companies 2.1 21.2 1.9 32.3 34.4 42.6 20.3 72.3 39.7 105.8 30

31 REITs 0.8 -0.3 9.1 3.4 -0.6 -6.0 0.4 10.2 20.7 54.6 31

(1) FHLB loans to savings institutions are included in other loans and advances.
42 FFA, 1995-2004, March 11, 2010

F.218 Home Mortgages (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net borrowing 167.5 223.0 234.2 356.4 426.3 424.8 552.0 754.7 817.0 1010.0 1

 2 Household sector 153.6 204.9 215.5 301.4 378.0 383.3 507.1 704.5 874.8 922.5 2

 3 Nonfinancial corporate business -0.1 1.1 0.3 1.4 2.1 2.0 2.1 0.7 1.9 4.7 3

 4 Nonfarm noncorporate business 13.9 17.0 18.4 53.7 46.2 39.5 42.8 49.5 -59.7 82.8 4

 5 Net change in assets 167.5 223.0 234.2 356.4 426.3 424.8 552.0 754.7 817.0 1010.0 5

 6 Household sector -8.7 -8.9 -8.9 -4.9 7.1 7.1 6.8 6.1 6.1 6.6 6

 7 Nonfinancial corporate business 1.1 -9.3 5.3 -2.7 -6.9 1.2 1.5 1.9 1.2 13.8 7

 8 Nonfarm noncorporate business -0.8 -0.5 -0.6 2.7 -0.9 -0.2 1.2 -0.2 0.0 1.6 8

 9 State and local governments 3.2 2.3 3.0 -0.8 2.3 -0.6 -0.4 -2.7 4.3 4.2 9

10 Federal government -4.9 -3.0 -2.1 -0.3 -0.4 -0.7 -0.6 -0.9 -0.9 -0.5 10

11 Commercial banking 56.7 31.0 68.0 51.6 83.0 86.1 58.4 198.8 132.6 221.9 11

12 Savings institutions 4.7 31.4 7.0 12.8 14.7 46.0 26.2 10.7 71.8 171.4 12

13 Credit unions 4.0 8.9 9.5 10.6 12.6 11.8 15.9 16.1 23.3 28.7 13

14 Life insurance companies 0.3 -1.9 0.3 -0.6 0.1 -0.8 0.4 -1.1 1.7 -0.4 14

15 Private pension funds 0.7 0.6 0.8 0.1 0.7 1.1 -3.1 -1.8 -1.1 -0.2 15

16 State and local govt. retirement funds 0.5 0.6 0.6 1.5 1.0 -1.1 -0.3 0.7 -0.3 -1.9 16

17 Government-sponsored enterprises 5.4 -6.6 -4.7 5.6 -10.4 16.1 21.7 45.6 94.2 -10.5 17

18 Agency- and GSE-backed mortgage pools 93.8 135.4 109.3 182.1 264.6 190.9 322.9 315.2 308.3 40.3 18

19 ABS issuers 10.8 21.6 38.4 68.1 31.9 31.7 77.8 80.3 122.9 382.2 19

20 Finance companies -1.2 20.5 2.4 29.8 28.0 39.7 22.8 75.9 34.6 101.8 20

21 REITs 1.9 1.1 6.0 0.8 -1.3 -3.4 0.8 10.1 18.4 50.9 21

 Memo:

22 Home equity loans included above (2) 15.7 25.1 34.4 13.0 24.4 73.6 31.0 61.8 92.7 182.2 22

23 Commercial banking 10.3 13.8 20.1 2.9 12.7 45.5 23.6 44.7 62.7 117.6 23

24 Savings institutions 1.1 1.7 3.2 0.5 3.7 13.1 5.1 0.6 17.1 25.6 24

25 Credit unions 2.0 2.6 3.5 0.7 3.7 7.3 4.2 3.0 3.7 12.2 25

26 ABS issuers 0.6 0.8 1.3 2.1 1.5 2.1 1.9 2.6 1.2 7.1 26

27 Finance companies 1.6 6.1 6.3 6.7 2.8 5.7 -3.9 10.9 8.0 19.7 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 6.1 12.3 11.7 33.6 40.8 29.6 42.1 39.0 71.9 53.1 1

 2 Nonfinancial corporate business -0.1 -0.9 -3.3 -3.4 0.7 0.1 0.1 -0.0 2.1 0.0 2

 3 Nonfarm noncorporate business 4.5 10.5 10.1 28.8 38.0 26.4 40.5 37.3 69.3 49.6 3

 4 Federal government 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 1.8 2.6 4.9 8.2 2.1 3.1 1.5 1.7 0.5 3.6 5

 6 Net change in assets 6.1 12.3 11.7 33.6 40.8 29.6 42.1 39.0 71.9 53.1 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business -0.8 0.7 0.6 -0.3 -0.2 -0.1 0.1 0.0 0.0 0.0 8

 9 Nonfarm noncorporate business -0.7 -0.5 -0.5 2.6 -0.8 -0.2 1.2 -0.2 0.0 1.6 9

10 State and local governments 0.6 1.8 0.6 4.5 1.8 -0.5 -0.3 -2.1 3.4 3.3 10

11 Federal government -4.3 -2.9 -0.9 -0.3 -0.0 0.3 -0.2 0.5 0.2 0.4 11

12 Commercial banking 4.6 2.9 4.2 5.0 13.0 10.1 7.0 9.3 10.3 14.2 12

13 Savings institutions -2.4 -0.4 -2.0 -2.5 2.3 1.9 3.3 4.1 9.3 9.6 13

14 Life insurance companies 0.9 2.0 -0.3 1.1 1.1 0.9 2.0 1.2 1.7 1.9 14

15 Private pension funds -0.0 0.0 -0.0 -0.1 0.2 0.0 0.3 0.5 0.3 0.0 15

16 State and local govt. retirement funds 0.2 0.2 0.2 1.3 0.9 -1.0 -0.2 0.3 -0.2 -1.6 16

17 Government-sponsored enterprises 0.5 -0.8 -1.5 -0.0 4.3 4.5 8.2 8.5 12.1 14.3 17

18 Agency- and GSE-backed mortgage pools 4.5 5.6 5.3 10.5 9.2 8.5 15.6 12.9 26.5 2.9 18

19 ABS issuers 2.1 3.8 4.5 12.9 8.5 5.3 5.9 5.5 7.9 6.5 19

20 Finance companies 1.3 0.0 0.8 -1.0 0.2 0.4 -0.5 -1.4 0.0 -0.1 20

21 REITs -0.6 -0.4 0.9 0.1 0.2 -0.6 -0.3 -0.1 0.2 0.1 21
FFA, 1995-2004, March 11, 2010 43

F.220 Commercial Mortgages

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net borrowing 11.1 29.6 62.0 90.6 102.6 106.6 109.8 100.2 127.2 172.2 1

 2 Household sector -9.6 4.7 -1.2 10.5 9.3 13.7 21.7 26.8 -4.3 17.8 2

 3 Nonfinancial corporate business 7.7 9.0 34.1 1.9 37.3 19.6 49.5 29.7 57.1 53.4 3

 4 Nonfarm noncorporate business 9.4 10.6 19.2 61.7 50.9 71.6 37.9 34.2 66.0 79.0 4

 5 REITs 3.6 5.3 10.0 16.6 5.1 1.7 0.7 9.5 8.4 21.9 5

 6 Net change in assets 11.1 29.6 62.0 90.6 102.6 106.6 109.8 100.2 127.2 172.2 6

 7 Household sector 0.9 0.6 0.6 0.9 0.8 1.7 -0.7 1.3 1.0 1.3 7

 8 Nonfinancial corporate business 1.2 5.1 20.0 -10.0 -19.0 1.1 1.5 1.0 1.0 1.0 8

 9 Nonfarm noncorporate business -0.6 -0.4 -0.4 2.0 -0.5 -0.2 0.9 -0.2 0.0 1.2 9

10 State and local governments -0.5 -0.2 0.2 2.5 0.4 -0.1 -0.1 -0.4 0.7 0.7 10

11 Federal government -3.8 -0.9 -0.7 0.1 0.6 -0.4 -0.1 1.2 -1.6 1.8 11

12 Commercial banking 15.0 20.2 25.7 33.2 60.0 66.2 63.0 58.3 58.6 98.1 12

13 Savings institutions -1.8 0.6 -1.5 1.8 7.1 6.9 5.6 8.2 8.4 5.9 13

14 Property-casualty insurance companies -1.0 -0.4 -0.2 -0.3 -0.0 -0.3 0.2 0.1 0.1 0.3 14

15 Life insurance companies -4.0 -5.6 -1.5 5.2 13.8 4.7 4.6 6.7 8.9 10.1 15

16 Private pension funds 0.1 0.1 0.1 -0.2 0.9 -0.9 0.6 2.0 0.8 0.0 16

17 State and local govt. retirement funds 0.0 -0.0 -0.0 2.0 1.3 -1.5 -0.6 -0.9 -0.2 -1.8 17

18 Agency- and GSE-backed mortgage pools -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 4.0 10.7 18.9 47.5 30.5 28.7 37.0 25.1 42.4 45.8 19

20 Finance companies 2.0 0.7 -1.3 3.5 6.1 2.5 -2.0 -2.2 5.1 4.1 20

21 REITs -0.5 -1.0 2.2 2.5 0.6 -2.0 -0.1 0.2 2.0 3.5 21

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing (Farm business) 1.8 2.7 4.1 4.6 4.1 -2.5 3.8 6.9 -12.2 12.5 1

 2 Net change in assets 1.8 2.7 4.1 4.6 4.1 -2.5 3.8 6.9 -12.2 12.5 2

 3 Household sector 0.6 0.8 1.2 -0.3 -0.7 -7.0 -0.9 0.5 -2.8 2.5 3

 4 Nonfarm noncorporate business -0.0 -0.0 -0.0 0.2 -0.0 -0.0 0.1 -0.0 0.0 0.1 4

 5 State and local governments -0.0 -0.1 -0.0 -0.1 0.0 -0.0 -0.0 -0.1 0.1 0.1 5

 6 Federal government -0.5 -0.5 -0.9 -0.3 -0.2 -0.1 -0.2 -0.3 -0.3 -0.2 6

 7 Commercial banking 1.2 1.1 2.0 2.0 2.4 2.2 1.3 2.0 -4.0 5.6 7

 8 Savings institutions -0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.1 -0.0 8

 9 Life insurance companies 0.1 0.4 0.3 1.0 0.7 0.4 0.2 0.2 -1.4 0.7 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 0.3 1.0 1.5 2.0 1.1 1.6 3.3 5.7 -4.6 3.8 11

12 Agency- and GSE-backed mortgage pools 0.1 -0.0 0.0 0.1 0.8 0.3 0.0 -1.3 0.6 -0.1 12

(1) Excludes mortgages on farm houses.
44 FFA, 1995-2004, March 11, 2010

F.222 Consumer Credit

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities (Households) 147.0 105.7 70.3 97.1 112.4 176.5 150.6 105.2 105.9 117.2 1

 2 Net change in assets 147.0 105.7 70.3 97.1 112.4 176.5 150.6 105.2 105.9 117.2 2

 3 Nonfinancial corporate business -1.6 -7.3 6.7 -5.1 -3.2 5.4 -8.4 1.6 -15.7 0.2 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 2.3 8.5 10.0 8.9 11.5 11.7 12.8 8.0 1.9 3.7 5

 6 Commercial banking 43.6 25.1 -12.4 -3.1 -4.2 43.3 17.4 34.1 52.8 34.9 6

 7 Savings institutions 1.6 4.6 2.5 5.2 9.4 3.0 6.3 -2.4 9.2 13.4 7

 8 Credit unions 12.3 12.2 8.2 3.0 12.5 16.5 5.1 6.2 10.1 9.5 8

 9 Government-sponsored enterprises 4.0 -0.6 -4.2 -1.2 5.4 -3.9 2.4 -2.5 -16.3 -20.6 9

10 ABS issuers 67.0 60.4 47.0 73.5 62.7 67.7 69.4 32.6 -21.6 -23.2 10

11 Finance companies 17.7 2.8 12.6 15.8 18.3 32.8 45.5 27.5 85.5 99.3 11

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 122.4 111.2 128.2 105.0 256.3 394.5 -84.4 86.8 21.5 194.7 1

 2 Household sector 7.9 8.0 8.9 8.7 4.1 3.8 -1.9 19.1 4.8 16.5 2

 3 Nonfinancial corporate business 81.0 49.5 65.1 57.6 178.5 313.3 -103.7 19.7 -54.7 97.3 3

 4 Nonfarm noncorporate business 12.4 30.6 31.0 30.8 34.7 46.6 -4.9 26.0 -25.7 22.2 4

 5 Farm business 1.5 1.4 1.1 -0.4 -0.2 -5.8 0.3 -0.5 -0.4 1.9 5

 6 State and local governments 17.2 18.2 19.5 20.8 22.8 25.0 26.9 28.3 29.0 30.2 6

 7 Federal government -4.5 1.1 -8.3 -7.6 0.2 5.7 3.2 1.0 71.7 15.4 7

 8 Rest of the world 5.8 -1.7 5.2 -3.9 4.2 0.8 -7.7 -4.9 6.1 3.5 8

 9 Brokers and dealers 1.1 4.0 5.7 -1.0 11.9 5.1 3.3 -1.8 -9.2 7.8 9

10 Net change in trade receivables 118.6 138.7 150.7 123.2 241.0 378.2 -91.5 -78.2 -1.2 183.4 10

11 Nonfinancial corporate business 78.0 88.1 88.0 87.3 209.2 281.6 -121.3 -98.3 -17.8 128.8 11

12 Nonfarm noncorporate business 15.3 29.5 35.1 28.2 39.4 69.6 1.8 18.9 -25.1 26.6 12

13 State and local governments 6.1 5.6 6.3 7.0 8.7 4.9 6.0 2.6 8.1 7.9 13

14 Federal government -1.6 0.9 -3.2 1.5 4.6 5.3 7.3 -3.3 19.1 10.5 14

15 Rest of the world 0.7 5.5 0.9 -6.5 -5.1 -0.4 -3.1 2.6 1.3 -1.1 15

16 Property-casualty insurance companies 4.4 -0.1 2.7 1.6 2.0 1.0 5.3 4.9 4.5 0.3 16

17 ABS issuers 15.8 9.1 20.9 4.0 -17.8 16.1 12.6 -5.6 8.8 10.3 17

18 Discrepancy 3.8 -27.6 -22.5 -18.1 15.4 16.3 7.1 165.0 22.6 11.3 18

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 26.7 52.4 111.0 103.2 104.4 146.1 3.1 -87.0 120.0 179.4 1

 2 Household sector 3.5 15.8 36.8 21.6 75.2 7.2 -38.8 -48.2 34.3 81.5 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 23.1 36.6 74.2 81.6 29.2 138.9 41.9 -38.9 85.7 97.9 4

 5 Customer credit balances (HH) 18.6 35.3 52.6 61.2 47.2 88.6 41.9 -41.6 62.7 103.0 5

 6 From U.S.-chartered commercial banks 8.3 -4.8 4.2 11.9 -8.8 7.1 7.2 -2.7 12.2 10.7 6

 7 From foreign banking offices in U.S. -3.7 6.2 17.5 8.4 -9.3 43.2 -7.2 5.5 10.8 -15.8 7

 8 Net change in assets 26.7 52.4 111.0 103.2 104.4 146.1 3.1 -87.0 120.0 179.4 8

 9 Household sector 18.6 35.3 52.6 61.2 47.2 88.6 41.9 -41.6 62.7 103.0 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 4.6 1.3 21.7 20.3 -18.0 50.4 0.0 2.8 23.0 -5.1 11

12 Brokers and dealers 3.5 15.8 36.8 21.6 75.2 7.2 -38.8 -48.2 34.3 81.5 12
FFA, 1995-2004, March 11, 2010 45

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 Life insurance reserves:

 1 Net change in liabilities 45.8 44.5 59.3 48.0 50.8 50.2 77.2 60.1 66.8 33.1 1

 2 Federal government 1.0 0.6 1.7 1.3 1.4 1.4 1.4 1.6 1.1 1.1 2

 3 Life insurance companies 44.8 43.8 57.6 46.7 49.4 48.7 75.8 58.5 65.7 32.0 3

 4 Net change in assets (Households) 45.8 44.5 59.3 48.0 50.8 50.2 77.2 60.1 66.8 33.1 4

 Pension fund reserves:

 5 Net change in liabilities 178.1 152.4 213.8 282.7 184.0 273.0 268.5 260.3 282.1 303.8 5

 6 Life insurance companies 52.5 36.7 103.9 131.4 102.7 166.6 129.2 149.3 144.2 200.4 6

 7 Private pension funds (1) 33.8 4.4 -15.3 42.2 -14.1 -22.8 -18.0 13.9 49.8 24.1 7

 8 State and local govt. retirement funds 64.8 49.6 78.7 61.2 46.9 101.1 87.4 51.8 39.9 24.6 8

 9 Federal government retirement funds (2) 26.9 61.6 46.5 47.9 48.5 28.2 69.9 45.4 48.2 54.7 9

10 Net change in assets (Households) (3) 178.1 152.4 213.8 282.7 184.0 273.0 268.5 260.3 282.1 303.8 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 8.6 16.0 21.7 13.2 20.2 28.9 11.8 9.4 -1.9 20.5 1

 businesses

 2 Nonfinancial corporate business -0.0 9.6 9.3 4.8 7.0 7.0 3.1 11.9 -11.7 6.8 2

 3 Nonfarm noncorporate business 0.6 2.3 4.3 4.1 8.9 11.7 4.0 1.5 -0.5 8.4 3

 4 U.S.-chartered commercial banks (net) 4.6 2.5 4.8 2.3 3.0 9.2 2.8 10.9 1.3 -1.4 4

 5 Savings institutions 0.5 -0.5 0.6 0.8 -1.0 0.5 1.0 -0.8 0.4 1.0 5

 6 Property-casualty insurance companies (net) 0.7 0.6 0.5 -1.1 0.1 0.1 0.3 -7.4 4.7 0.5 6

 7 Life insurance companies (net) 1.6 0.5 1.4 1.5 0.5 -0.4 -0.4 -7.4 1.9 3.1 7

 8 Finance companies 0.7 0.8 0.8 0.8 0.8 1.0 1.2 1.4 1.6 1.8 8

 9 Brokers and dealers -0.1 0.1 0.1 -0.1 0.9 -0.1 -0.2 -0.5 0.4 0.4 9

10 Net change in business taxes receivable -7.4 2.1 -6.0 -4.4 10.9 -10.8 -8.8 -0.3 34.4 33.7 10

11 State and local governments 0.5 2.4 4.3 4.9 9.7 11.2 1.0 2.5 0.9 11.4 11

12 Federal government -7.9 -0.3 -10.3 -9.3 1.2 -22.0 -9.8 -2.8 33.5 22.3 12

13 Discrepancy 16.0 13.9 27.7 17.6 9.3 39.7 20.6 9.7 -36.3 -13.2 13

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment 20.7 0.0 -18.9 -36.9 -78.4 -34.9 -30.3 -76.7 50.2 60.4 1

 2 Nonfarm noncorporate business 34.0 -4.1 -19.5 -39.6 -76.2 -40.4 -26.1 -77.2 32.8 62.8 2

 3 Farm business -12.8 3.8 -0.5 4.1 -3.5 5.6 -0.8 -0.2 20.8 1.8 3

 4 Brokers and dealers -0.5 0.3 1.1 -1.4 1.2 -0.2 -3.3 0.6 -3.4 -4.2 4
46 FFA, 1995-2004, March 11, 2010

F.228 Total Miscellaneous Financial Claims

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities 485.2 533.0 460.3 938.2 1107.4 1339.7 744.5 498.3 378.9 1569.4 1

 2 Household sector 0.7 0.8 0.3 -1.4 2.1 0.1 -0.4 0.9 0.9 1.6 2

 3 Nonfinancial corporate business 131.0 188.0 -46.7 387.2 530.6 672.6 34.9 35.9 32.4 424.4 3

 4 Nonfarm noncorporate business 13.5 29.7 56.5 92.3 73.8 86.0 54.9 19.0 23.0 68.9 4

 5 Federal government 25.3 51.8 40.6 34.1 38.2 22.9 53.0 39.5 41.7 59.3 5

 6 Rest of the world 140.2 136.0 135.9 174.0 299.7 180.7 144.2 139.9 85.6 540.1 6

 7 Monetary authority 1.4 -0.0 2.1 0.6 -0.9 1.0 -2.3 1.1 0.2 4.2 7

 8 Commercial banking 120.3 18.8 167.8 95.7 -71.9 153.3 18.9 148.3 38.2 234.8 8

 9 Savings institutions -4.2 -1.8 -5.8 -4.1 -13.0 11.0 15.0 14.7 -36.1 30.5 9

10 Credit unions -1.9 0.0 0.1 0.5 0.9 -0.4 -1.8 1.9 1.7 1.9 10

11 Property-casualty insurance companies 22.8 12.3 10.7 5.6 13.8 6.0 29.2 51.8 49.6 43.0 11

12 Life insurance companies 23.6 18.9 27.0 -2.5 5.6 -18.3 44.2 63.7 19.3 6.7 12

13 Government-sponsored enterprises 6.0 0.6 8.9 21.0 -5.5 -0.1 51.1 40.2 -36.9 -7.9 13

14 Finance companies 20.6 3.6 -0.5 -10.5 72.1 133.9 53.9 67.8 127.1 53.2 14

15 REITs 1.4 2.5 8.8 13.6 4.5 1.8 0.0 2.8 1.5 8.1 15

16 Brokers and dealers 13.0 30.6 27.2 42.5 9.1 -3.9 145.4 -83.0 38.8 70.8 16

17 Funding corporations -28.6 41.2 27.4 89.7 148.2 93.2 104.3 -46.2 -8.1 29.5 17

18 Net change in assets 706.8 720.0 831.7 1068.7 1316.6 1706.7 963.5 573.9 472.8 1666.7 18

19 Household sector 17.6 10.6 12.7 9.2 11.4 6.1 19.0 47.1 56.4 52.5 19

20 Nonfinancial corporate business 317.8 303.4 147.0 425.4 656.8 808.5 245.7 195.7 -9.8 547.6 20

21 Nonfarm noncorporate business 36.7 36.6 56.4 122.2 81.7 89.9 129.9 40.7 50.5 234.9 21

22 Farm business 1.0 -0.1 0.4 3.4 1.2 0.4 1.2 1.0 1.3 2.0 22

23 State and local governments 54.7 1.4 71.5 16.1 -12.9 -21.6 -15.1 -26.2 -5.2 10.1 23

24 Federal government -2.1 -6.7 -3.5 7.1 5.1 4.6 2.0 3.1 2.0 3.3 24

25 Rest of the world 117.0 143.2 211.6 170.3 427.4 505.9 207.2 142.4 -81.3 219.0 25

26 Monetary authority -3.2 2.4 1.3 4.9 -1.3 1.1 -0.4 1.4 1.3 1.5 26

27 Commercial banking 62.6 27.3 105.2 101.3 30.1 93.2 187.9 122.7 193.1 255.5 27

28 Savings institutions 1.7 -1.8 -3.2 13.1 -2.1 7.7 16.6 19.1 -5.2 88.6 28

29 Credit unions -0.8 -0.2 3.8 6.8 -16.4 4.9 5.4 12.1 -4.1 -1.8 29

30 Property-casualty insurance companies 3.8 3.6 6.1 6.9 7.1 4.4 -1.4 11.2 3.6 9.1 30

31 Life insurance companies 7.2 -31.4 -6.7 3.5 -32.6 18.7 -15.5 6.7 27.9 51.9 31

32 Private pension funds 19.5 30.0 8.3 -5.9 -17.1 -58.1 -56.3 14.3 -20.9 -34.7 32

33 State and local govt. retirement funds 0.2 0.7 0.1 0.2 1.3 1.1 1.8 0.4 0.9 4.6 33

34 Federal government retirement funds 20.8 55.1 40.3 41.2 41.1 20.9 60.8 24.5 24.7 40.9 34

35 Money market mutual funds 11.6 4.4 14.3 7.6 24.9 7.5 -3.3 -8.6 -0.2 -2.9 35

36 Mutual funds 0.5 -1.7 7.1 -4.2 -3.5 -0.6 -2.6 0.0 1.0 5.1 36

37 Government-sponsored enterprises -0.9 6.9 7.6 -0.1 5.0 -4.0 5.5 22.0 18.5 4.5 37

38 Finance companies 5.3 4.7 14.4 -34.2 14.1 34.5 15.7 13.6 39.5 -26.1 38

39 REITs 1.0 -1.7 4.9 10.7 -1.3 1.9 0.6 2.6 4.3 11.1 39

40 Brokers and dealers 10.3 68.2 82.8 115.9 28.3 133.0 156.6 -110.8 156.6 148.6 40

41 Funding corporations 24.5 65.2 49.4 47.2 68.4 46.7 2.1 38.7 18.2 41.5 41

42 Discrepancy -221.6 -187.1 -371.4 -130.5 -209.2 -367.0 -219.0 -75.6 -93.9 -97.4 42
FFA, 1995-2004, March 11, 2010 47

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 98.8 91.9 104.8 142.6 224.9 159.2 142.3 154.5 149.6 316.2 1

 2 Equity 40.5 27.5 40.8 72.4 98.9 78.0 60.9 42.7 35.5 133.3 2

 3 Reinvested earnings 53.9 54.7 58.0 44.2 64.2 93.6 69.8 85.3 120.7 162.9 3

 4 Intercompany accounts 4.4 9.7 6.0 26.0 61.8 -12.4 11.6 26.5 -6.6 20.0 4

 5 Asset: Nonfinancial corporate business 90.3 76.8 84.3 129.2 200.7 138.0 123.8 131.1 125.3 272.4 5

 6 Commercial banking 1.6 3.5 3.0 2.0 2.9 10.9 1.8 3.0 6.5 8.2 6

 7 Property-casualty insurance companies 3.8 3.6 6.1 6.9 7.1 4.4 -1.4 11.2 3.6 9.1 7

 8 Life insurance companies 0.4 0.8 1.8 0.7 1.5 1.1 1.3 2.9 0.9 1.8 8

 9 Finance companies 2.5 7.3 9.0 0.5 8.5 -0.6 -0.6 0.8 1.8 -8.9 9

10 Brokers and dealers 0.1 -0.1 0.7 3.4 4.2 5.5 17.5 5.4 11.6 33.6 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 54.9 71.5 99.0 144.9 183.6 249.4 141.5 74.5 40.2 95.7 11

12 Nonfarm noncorporate business -0.1 0.3 0.5 0.2 0.2 0.1 -0.2 0.2 -0.4 0.1 12

13 Commercial banking 6.6 -0.1 7.7 5.5 19.5 5.8 6.4 2.1 4.2 17.9 13

14 Property-casualty insurance companies 2.0 5.7 5.9 1.3 11.3 6.8 3.1 7.7 3.0 -4.8 14

15 Life insurance companies 1.8 1.0 7.0 2.7 11.7 30.1 3.4 3.7 -5.2 20.8 15

16 Finance companies 0.8 1.5 1.2 3.5 6.9 10.9 6.2 0.1 18.8 13.0 16

17 Brokers and dealers 1.9 3.6 5.9 -0.6 5.2 3.1 5.6 -3.6 2.9 3.1 17

18 Funding corporations -10.2 2.9 -21.6 21.6 51.0 15.1 1.1 -0.4 0.2 0.3 18

19 Asset: Rest of the world 57.8 86.5 105.6 179.0 289.4 321.3 167.0 84.4 63.8 146.0 19

20 Equity 47.9 63.7 59.5 147.1 221.6 259.6 140.9 105.3 93.4 92.9 20

21 Reinvested earnings 8.4 8.5 15.0 2.8 4.1 -0.3 -33.8 1.6 14.3 49.5 21

22 Intercompany accounts 1.5 14.3 31.1 29.1 63.8 61.9 60.0 -22.6 -44.0 3.5 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 1.5 1.8 1.6 1.6 1.5 1.5 1.7 1.5 1.4 2.0 23

24 Asset: Federal government 1.5 1.8 1.6 1.6 1.5 1.5 1.7 1.5 1.4 2.0 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 0.3 0.6 0.8 0.5 0.5 0.6 0.4 1.0 0.5 3.1 25

26 Asset: Commercial banking 0.3 0.6 0.8 0.5 0.5 0.6 0.4 1.0 0.5 3.1 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 2.0 1.5 1.8 4.1 6.1 2.2 3.3 2.0 3.2 2.5 27

28 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Nonfarm noncorporate (BC) 0.0 0.7 0.0 -0.1 0.0 0.0 0.1 0.0 0.3 -0.1 29

30 Farm business (FICB and FLB) -0.1 -0.6 0.0 0.1 -0.0 0.0 0.4 0.1 0.4 0.2 30

31 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Commercial banks (FHLB) 1.6 0.8 1.3 2.0 3.0 0.8 1.4 2.3 1.2 0.6 32

33 Savings institutions (FHLB) 0.4 0.5 0.4 1.8 2.7 1.3 1.2 -1.0 0.4 1.0 33

34 Credit unions (FHLB) 0.1 0.0 0.0 0.1 0.2 0.1 0.2 0.3 0.2 0.2 34

35 Life insurance companies (FHLB) -0.0 0.1 0.0 0.0 0.1 0.0 -0.1 0.2 0.7 0.6 35

 BHC investment in subsidiaries:

36 Liab.: Commercial banking 40.1 28.6 40.7 55.3 2.9 53.6 60.7 53.1 50.5 167.2 36

37 Savings institutions 0.1 0.2 0.3 3.2 1.1 1.8 1.9 0.2 2.4 3.4 37

38 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 -1.4 4.0 3.8 2.5 38

39 Finance companies 3.4 2.9 3.6 0.9 47.9 25.3 35.7 16.2 20.8 52.3 39

40 Brokers and dealers 4.7 -2.9 21.0 40.1 -31.7 11.3 -6.5 -20.4 18.7 18.1 40

41 Asset: Bank holding companies 48.3 28.9 65.7 99.4 20.2 92.0 90.4 53.0 96.2 243.5 41

 NFC investment in finance company subs.:

42 Liab.: Finance companies 5.9 0.6 4.9 -10.0 10.6 65.2 -17.8 6.9 2.6 2.6 42

43 Asset: Nonfinancial corporate business 5.9 0.6 4.9 -10.0 10.6 65.2 -17.8 6.9 2.6 2.6 43

 Funding corp. investment in subs.:

44 Liab.: Foreign banking offices in U.S. 6.7 13.7 14.3 11.8 2.5 45.6 -21.9 18.6 7.4 33.0 44

45 Brokers and dealers 17.8 51.5 35.0 35.5 65.9 1.1 24.0 20.2 10.7 8.4 45

46 Asset: Funding corporations 24.5 65.2 49.4 47.2 68.4 46.7 2.1 38.7 18.2 41.5 46

 Equity investment under Public-Private Inv. Program:

47 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Asset: Households (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 48

49 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1995-2004, March 11, 2010

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.3 -0.1 -0.0 -0.1 0.6 0.0 -0.1 0.1 0.2 -0.0 1

 2 Asset: Federal government 0.3 -0.1 -0.0 -0.1 0.6 0.0 -0.1 0.1 0.2 -0.0 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 3.3 -1.2 0.0 6.8 -7.8 0.0 8.6 1.9 -7.1 -2.1 6

 7 Asset: Savings institutions 3.3 -1.2 0.0 6.8 -7.8 0.0 8.6 1.9 -7.1 -2.1 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 0.7 0.8 0.3 -1.4 2.1 0.1 -0.4 0.9 0.9 1.6 8

 9 Asset: Life insurance companies 0.7 0.8 0.3 -1.4 2.1 0.1 -0.4 0.9 0.9 1.6 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 8.0 7.8 10.7 10.3 11.4 6.9 6.5 10.2 13.9 11.4 10

11 Health 5.2 6.2 6.3 7.3 10.2 3.9 3.1 10.1 10.9 9.8 11

12 Policy dividend accumulation 0.8 0.8 2.0 0.7 1.2 1.1 1.0 0.1 -0.0 1.2 12

13 Policy and contract claims 2.0 0.8 2.4 2.4 -0.0 1.9 2.4 0.0 3.0 0.5 13

14 Asset: Household sector 8.0 7.8 10.7 10.3 11.4 6.9 6.5 10.2 13.9 11.4 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 20.8 6.6 4.8 4.3 2.5 -0.8 26.1 44.1 46.6 47.9 15

16 Asset: Household sector 9.6 2.8 2.0 -1.0 0.1 -0.7 12.5 21.6 22.9 23.6 16

17 Nonfinancial corporate business 8.2 2.6 1.9 1.7 1.0 -0.3 10.3 17.4 18.4 18.9 17

18 Nonfarm noncorporate business 2.0 0.6 0.5 0.4 0.2 -0.1 2.5 4.2 4.4 3.5 18

19 Farm business 1.1 0.6 0.4 3.2 1.2 0.3 0.8 0.9 0.9 1.8 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 7.8 4.8 -9.9 -23.6 -18.5 -35.7 11.8 12.2 -18.1 -35.2 20

21 Asset: Private pension funds 7.8 4.8 -9.9 -23.6 -18.5 -35.7 11.8 12.2 -18.1 -35.2 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 5.4 5.4 8.4 12.9 -18.4 -19.1 -24.6 1.5 -0.2 -3.1 22

23 Asset: Private pension funds 5.4 5.4 8.4 12.9 -18.4 -19.1 -24.6 1.5 -0.2 -3.1 23

 Securities borrowed (net):

24 Liab.: Funding corporations -5.5 59.9 57.2 70.0 16.3 88.7 70.1 -2.9 102.6 86.9 24

25 Asset: Brokers and dealers -5.5 59.9 57.2 70.0 16.3 88.7 70.1 -2.9 102.6 86.9 25

 Nonmarketable government securities:

26 Liab.: Federal government 20.8 55.1 40.3 41.2 41.1 20.9 60.8 24.5 24.7 40.9 26

27 Asset: Federal government retirement funds 20.8 55.1 40.3 41.2 41.1 20.9 60.8 24.5 24.7 40.9 27

 Retiree Health Care Funds (2):

28 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.4 19.6 17.4 28

29 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.4 19.6 17.4 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, 1995-2004, March 11, 2010 49

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net change in liabilities 184.6 117.1 14.0 353.3 456.5 590.0 196.1 48.3 -139.6 646.5 1

 2 Nonfinancial corporate business 70.7 111.1 -154.1 229.4 365.4 442.3 -82.1 -40.1 -7.7 331.9 2

 3 Nonfarm noncorporate business 13.6 29.4 56.0 92.1 73.7 85.9 55.2 18.7 23.4 68.8 3

 4 Federal government 4.5 -3.3 0.3 -7.1 -2.9 2.0 -7.8 -0.4 -2.6 1.0 4

 5 Rest of the world 39.7 42.4 29.6 29.9 72.7 19.9 0.2 -16.2 -65.6 222.0 5

 6 Monetary authority 1.1 -0.7 1.3 0.1 -1.4 0.4 -2.7 0.1 -0.3 1.2 6

 7 Commercial banking 66.9 -23.4 105.1 23.2 -96.8 48.3 -26.3 74.5 -23.9 16.6 7

 8 U.S.-chartered commercial banks -0.2 -14.4 27.2 -27.6 -21.1 28.0 -75.8 39.6 -4.9 28.0 8

 9 Foreign banking offices in U.S. 37.6 -26.9 34.2 -11.4 -67.0 -23.6 -7.7 24.1 -44.9 -170.1 9

10 Bank holding companies 26.6 17.3 39.0 56.0 -10.8 43.1 52.9 11.5 22.6 148.0 10

11 Banks in U.S.-affiliated areas 2.9 0.6 4.7 6.3 2.2 0.7 4.2 -0.7 3.4 10.8 11

12 Savings institutions -4.2 -2.0 -6.1 -7.3 -14.1 9.2 13.1 14.5 -38.4 27.1 12

13 Credit unions -1.9 0.0 0.1 0.5 0.9 -0.4 -1.8 1.9 1.7 1.9 13

14 Life insurance companies 5.9 5.3 19.2 8.0 1.0 -19.7 23.8 33.6 24.8 7.2 14

15 Government-sponsored enterprises 0.8 0.3 7.1 10.1 -3.7 -2.4 39.3 36.3 -33.0 -8.3 15

16 Finance companies 10.5 -1.4 -10.3 -4.8 6.7 32.5 29.8 44.7 85.0 -14.7 16

17 REITs 1.4 2.5 8.8 13.6 4.5 1.8 0.0 2.8 1.5 8.1 17

18 Brokers and dealers -11.5 -21.6 -34.7 -32.5 -30.4 -19.4 122.4 -79.1 6.4 41.2 18

19 Funding corporations -12.9 -21.7 -8.2 -2.0 80.8 -10.5 33.1 -43.0 -110.9 -57.6 19

20 Net change in assets 406.2 304.1 385.4 483.9 665.7 957.0 415.1 123.9 -45.7 743.9 20

21 Nonfinancial corporate business 213.4 223.4 55.9 304.6 444.5 605.7 129.4 40.3 -156.1 253.7 21

22 Nonfarm noncorporate business 34.7 35.2 55.9 121.9 81.4 90.0 127.3 36.5 45.8 231.4 22

23 State and local governments 54.7 1.4 71.5 16.1 -12.9 -21.6 -15.1 -26.2 -5.2 10.1 23

24 Federal government -3.8 -8.4 -5.0 5.7 3.0 3.1 0.4 1.5 0.4 1.4 24

25 Rest of the world 59.2 56.7 106.0 -8.7 137.9 184.6 40.2 58.1 -145.0 73.1 25

26 Monetary authority -3.2 2.4 1.3 4.9 -1.3 1.1 -0.4 1.4 1.3 1.5 26

27 Commercial banking 10.8 -6.5 34.4 -2.7 3.5 -11.0 93.8 63.3 88.7 0.2 27

28 U.S.-chartered commercial banks -1.6 1.3 0.5 -20.3 2.8 -5.0 68.0 42.0 86.4 86.7 28

29 Foreign banking offices in U.S. 6.2 -19.8 38.8 2.4 -27.2 -24.8 14.1 0.1 -17.9 -119.8 29

30 Bank holding companies 4.6 11.3 -6.7 12.1 28.9 20.9 5.9 27.3 22.4 32.4 30

31 Banks in U.S.-affiliated areas 1.6 0.8 1.8 3.1 -1.0 -2.1 5.9 -6.0 -2.2 0.9 31

32 Savings institutions -2.0 -1.1 -3.6 4.4 3.0 6.4 6.8 18.1 1.5 89.7 32

33 Credit unions -0.9 -0.2 3.8 6.7 -16.6 4.8 5.2 11.8 -4.3 -2.1 33

34 Life insurance companies 6.1 -33.1 -8.8 4.1 -36.3 17.5 -16.3 2.7 25.5 47.9 34

35 Private pension funds 6.3 19.8 9.8 4.8 19.8 -3.4 -43.5 0.6 -2.7 3.6 35

36 State and local govt. retirement funds 0.2 0.7 0.1 0.2 1.3 1.1 1.8 0.4 0.9 4.6 36

37 Money market mutual funds 11.6 4.4 14.3 7.6 24.9 7.5 -3.3 -8.6 -0.2 -2.9 37

38 Mutual funds 0.5 -1.7 7.1 -4.2 -3.5 -0.6 -2.6 0.0 1.0 5.1 38

39 Government-sponsored enterprises -0.9 6.9 7.6 -0.1 5.0 -4.0 5.5 22.0 18.5 4.5 39

40 Finance companies 2.9 -2.7 5.5 -34.7 5.6 35.2 16.4 12.8 37.7 -17.2 40

41 REITs 1.0 -1.7 4.9 10.7 -1.3 1.9 0.6 2.6 4.3 11.1 41

42 Brokers and dealers 15.7 8.4 24.9 42.6 7.7 38.9 69.0 -113.3 42.5 28.1 42

43 Discrepancy -221.6 -187.1 -371.4 -130.5 -209.2 -367.0 -219.0 -75.6 -93.9 -97.4 43
50 FFA, 1995-2004, March 11, 2010

F.11 Sector Discrepancies

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 All sectors -244.8 -182.5 -229.7 -36.4 -96.0 24.0 -159.7 169.2 -142.8 -127.1 1

 2 Household sector -50.6 -77.4 -65.1 -8.4 135.5 387.6 71.0 241.5 45.3 -101.6 2

 3 Nonfinancial corporate business -44.9 -23.0 -8.0 -50.9 -106.2 -194.3 -152.6 -9.3 -27.7 -101.0 3

 4 State and local governments -69.8 -56.2 -49.6 -89.3 -68.1 -72.0 -65.6 -48.2 -60.6 -72.8 4

 5 Federal government -16.4 31.1 1.3 14.8 -20.5 -19.4 27.2 12.2 51.4 2.9 5

 6 Rest of the world 24.3 -18.7 -87.4 139.3 63.9 -65.0 -32.2 -45.6 -9.5 89.9 6

 7 Financial sectors -87.4 -38.4 -20.9 -41.9 -100.5 -13.0 -7.6 18.6 -141.6 55.6 7

 8 Monetary authority -2.4 0.3 1.1 -3.9 -2.2 3.4 -0.0 -3.2 -3.5 -2.5 8

 9 Commercial banking -21.0 -10.8 29.3 -15.6 -86.7 52.6 9.8 23.0 -108.1 55.2 9

10 Savings institutions -5.8 -3.2 -5.3 -4.9 2.8 -3.4 -2.7 -7.3 -2.7 -17.3 10

11 Credit unions 0.7 1.4 -0.1 -0.1 0.9 -0.5 0.4 0.5 1.6 1.5 11

12 Property-casualty insurance companies -18.0 -6.5 -39.1 -15.6 15.8 -9.3 5.5 -23.3 -5.2 -12.6 12

13 Life insurance companies -38.3 -40.0 -42.8 -31.2 -28.8 -22.2 -9.2 -22.4 -36.0 -34.0 13

14 Mutual funds 8.7 4.9 6.2 -9.1 4.1 -1.5 -6.6 -21.4 2.5 3.6 14

15 Government-sponsored enterprises -2.4 0.1 -3.4 -0.8 2.3 -0.8 14.9 22.1 -26.4 -9.0 15

16 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Finance companies -2.3 4.4 -13.4 -11.6 -13.4 18.6 -1.5 22.4 40.3 31.5 17

18 REITs 8.7 19.5 55.5 68.2 15.4 -8.0 4.8 23.1 15.0 35.8 18

19 Brokers and dealers -15.4 -8.5 -8.9 -17.3 -10.8 -42.2 -22.9 5.2 -19.0 3.4 19

F.12 Instrument Discrepancies

Billions of dollars

 1 All types -244.8 -182.5 -229.7 -36.4 -96.0 24.0 -159.7 169.2 -142.8 -127.1 1

 2 Treasury currency -0.3 -0.4 -0.1 -0.2 -0.7 -1.2 -0.1 -0.6 -0.3 -0.3 2

 3 Foreign deposits 25.0 59.4 106.2 -5.7 34.0 76.4 -12.9 21.5 52.8 61.9 3

 4 Net interbank transactions -3.0 -3.4 -19.8 3.8 3.2 17.3 17.2 6.6 -3.6 14.9 4

 5 Security RPs 16.8 -1.3 42.9 14.4 -2.4 103.5 -31.7 26.5 -39.7 -141.0 5

 Mail floats:

 6 Federal government -6.0 0.5 -2.7 2.6 -7.4 9.0 -40.0 -1.6 -8.9 27.9 6

 7 Other -3.8 -4.0 -3.9 -3.1 -0.8 -0.3 -0.5 -0.7 -0.0 -9.7 7

 8 Trade credit 3.8 -27.6 -22.5 -18.1 15.4 16.3 7.1 165.0 22.6 11.3 8

 9 Taxes payable 16.0 13.9 27.7 17.6 9.3 39.7 20.6 9.7 -36.3 -13.2 9

10 Miscellaneous -221.6 -187.1 -371.4 -130.5 -209.2 -367.0 -219.0 -75.6 -93.9 -97.4 10

11 Nonfinancial -71.6 -32.4 13.9 82.9 62.6 130.4 99.6 18.3 -35.5 18.5 11

 Nonfinancial components (sign reversed):

12 Statistical discrepancy (NIPA) 52.5 25.9 -14.0 -85.3 -71.1 -134.0 -103.4 -22.1 16.6 -7.9 12

13 Private wage accruals less disbursements 16.4 3.6 -2.9 -0.7 5.2 0.0 0.0 0.0 15.0 -15.0 13

14 Contr. for govt. soc. insur., U.S. affiliated areas 2.7 2.8 3.0 3.1 3.3 3.6 3.7 3.8 3.9 4.4 14
FFA, 1995-2004, March 11, 2010 51

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total credit market debt owed by: 18468.6 19804.5 21235.9 23327.7 25389.3 27138.3 29319.6 31832.3 34623.6 37799.0 1

 2 Domestic nonfinancial sectors 13667.5 14399.8 15210.8 16216.4 17291.6 18166.1 19298.3 20716.9 22432.7 24434.0 2

 3 Household sector 4841.2 5177.0 5477.6 5903.4 6396.0 6987.3 7659.3 8484.3 9487.4 10548.5 3

 4 Nonfinancial corporate business 2941.5 3140.3 3471.6 3853.4 4270.9 4633.6 4825.8 4859.4 4976.5 5179.8 4

 5 Nonfarm noncorporate business 1069.9 1139.2 1237.1 1412.7 1608.6 1806.0 1967.8 2118.6 2210.2 2455.3 5

 6 Farm business 131.4 135.5 142.8 150.9 154.2 156.1 162.6 169.7 157.1 172.9 6

 7 State and local governments 1046.7 1026.2 1076.9 1143.8 1181.0 1197.9 1303.4 1448.0 1568.5 1682.6 7

 8 Federal government 3636.7 3781.7 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 4033.1 4395.0 8

 9 Rest of the world 567.6 657.2 723.6 783.2 748.2 814.5 865.4 1072.8 1253.3 1438.8 9

10 Financial sectors 4233.5 4747.5 5301.4 6328.2 7349.4 8157.8 9155.9 10042.5 10937.6 11926.2 10

11 Commercial banking 250.6 263.6 309.2 382.1 449.3 509.3 562.1 611.8 660.4 738.7 11

12 U.S.-chartered commercial banks 92.2 103.9 133.4 186.2 228.0 264.8 294.9 324.8 338.0 356.7 12

13 Foreign banking offices in U.S. 10.4 9.6 7.2 2.4 2.0 2.0 1.1 0.7 0.6 0.7 13

14 Bank holding companies 148.0 150.0 168.6 193.5 219.3 242.5 266.1 286.4 321.8 381.3 14

15 Savings institutions 115.0 140.5 160.3 212.4 260.4 301.3 301.2 278.1 313.4 404.8 15

16 Credit unions 0.4 0.4 0.6 1.1 3.4 3.4 4.9 6.9 9.1 11.4 16

17 Life insurance companies 0.5 1.6 1.8 2.5 3.2 2.5 3.1 5.1 8.0 11.1 17

18 Government-sponsored enterprises 807.0 897.4 996.5 1275.4 1594.2 1826.4 2130.6 2350.4 2601.3 2676.3 18

19 Agency- and GSE-backed mortgage pools 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 19

20 ABS issuers 666.4 781.0 918.3 1176.4 1330.3 1503.5 1758.6 1987.1 2222.9 2662.2 20

21 Finance companies 500.4 555.1 584.4 645.3 720.9 807.1 818.0 884.2 995.3 1129.6 21

22 REITs 44.6 56.5 96.1 158.8 164.8 167.6 171.4 198.4 230.7 340.1 22

23 Brokers and dealers 29.3 27.3 35.3 42.5 25.3 40.9 42.3 40.6 47.0 62.2 23

24 Funding corporations 248.6 312.4 372.6 412.6 504.2 502.6 531.9 521.2 518.1 515.1 24

25 Total credit market assets held by: 18468.6 19804.5 21235.9 23327.7 25389.3 27138.3 29319.6 31832.3 34623.6 37799.0 25

26 Domestic nonfinancial sectors 3399.3 3544.4 3528.6 3691.6 3932.9 3929.3 3927.3 4191.4 4479.9 4883.4 26

27 Household sector 2235.1 2416.2 2393.4 2445.0 2574.3 2464.6 2362.4 2507.3 2741.2 3027.3 27

28 Nonfinancial corporate business 280.4 270.2 263.0 246.0 221.8 248.3 243.6 269.4 266.8 298.0 28

29 Nonfarm noncorporate business 47.6 51.6 54.2 67.1 64.0 66.0 73.1 72.4 73.9 85.4 29

30 State and local governments 638.6 604.8 605.0 714.6 816.5 887.3 981.2 1067.4 1125.6 1198.1 30

31 Federal government 197.6 201.6 213.1 218.8 256.3 263.1 267.0 275.0 272.4 274.7 31

32 Rest of the world 1464.8 1795.6 2035.6 2202.0 2196.1 2451.1 2850.2 3303.0 3836.1 4634.7 32

33 Financial sectors 13604.6 14464.5 15671.7 17434.1 19260.2 20757.9 22542.1 24337.8 26307.5 28280.9 33

34 Monetary authority 380.8 393.1 431.4 452.5 478.1 511.8 551.7 629.4 666.7 717.8 34

35 Commercial banking 3520.1 3707.7 4031.9 4336.1 4648.3 5019.8 5226.0 5630.8 6010.9 6621.2 35

36 U.S.-chartered commercial banks 3056.1 3175.8 3450.7 3761.4 4080.0 4433.0 4625.6 5019.8 5407.3 5980.7 36

37 Foreign banking offices in U.S. 412.6 475.8 516.1 504.5 487.4 511.3 510.7 516.9 490.3 513.3 37

38 Bank holding companies 18.0 22.0 27.4 26.5 32.7 20.5 24.7 27.8 36.4 36.4 38

39 Banks in U.S.-affiliated areas 33.4 34.1 37.8 43.8 48.3 55.0 65.0 66.3 76.9 90.8 39

40 Savings institutions 913.3 933.2 928.5 965.5 1032.6 1088.8 1133.5 1166.9 1294.2 1417.7 40

41 Credit unions 263.0 288.5 305.3 324.2 351.7 379.7 421.2 465.4 516.6 556.4 41

42 Property-casualty insurance companies 468.7 491.2 515.3 521.1 518.2 509.4 518.4 558.3 625.2 698.8 42

43 Life insurance companies 1587.5 1657.0 1751.1 1828.0 1886.0 1943.9 2074.8 2307.8 2488.3 2661.4 43

44 Private pension funds 608.4 602.3 646.8 639.7 746.9 621.9 587.0 581.7 653.5 654.6 44

45 State and local govt. retirement funds 509.8 538.4 598.3 661.5 707.0 743.2 689.4 638.7 657.5 675.3 45

46 Federal government retirement funds 23.3 25.6 27.5 30.2 33.1 35.1 44.8 57.6 63.6 68.2 46

47 Money market mutual funds 545.5 634.3 721.9 970.5 1155.3 1317.5 1584.9 1567.1 1471.3 1346.3 47

48 Mutual funds 771.3 820.2 901.1 1028.4 1076.8 1103.1 1229.7 1368.4 1506.4 1623.0 48

49 Closed-end funds 94.5 97.4 96.3 101.2 110.8 105.3 108.5 117.1 152.6 163.6 49

50 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 4.5 8.2 50

51 Government-sponsored enterprises 762.8 833.8 934.2 1251.5 1538.8 1794.4 2099.1 2323.2 2564.2 2613.0 51

52 Agency- and GSE-backed mortgage pools 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 52

53 ABS issuers 612.0 712.2 826.5 1078.8 1253.3 1413.6 1662.6 1897.8 2125.0 2554.8 53

54 Finance companies 654.6 697.1 720.8 812.8 946.6 1101.9 1170.7 1292.5 1468.7 1675.9 54

55 REITs 26.0 30.4 50.6 45.5 44.0 38.8 47.9 70.1 96.4 198.7 55

56 Brokers and dealers 183.4 167.7 182.6 189.4 154.7 223.6 316.0 344.4 424.1 394.9 56

57 Funding corporations 108.9 122.7 175.5 178.5 284.5 312.7 243.9 158.3 186.4 256.1 57

(1) Excludes corporate equities and mutual fund shares.
52 FFA, 1995-2004, March 11, 2010

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Domestic 13667.5 14399.8 15210.8 16216.4 17291.6 18166.1 19298.3 20716.9 22432.7 24434.0 1

 2 By instrument 13667.5 14399.8 15210.8 16216.4 17291.6 18166.1 19298.3 20716.9 22432.7 24434.0 2

 3 Commercial paper 157.4 156.4 168.6 193.0 230.3 278.4 177.7 119.8 82.5 97.8 3

 4 Treasury securities 3608.5 3755.1 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 4008.2 4370.7 4

 5 Agency- and GSE-backed securities 28.2 26.6 26.5 28.5 28.3 27.3 26.8 27.3 24.9 24.3 5

 6 Municipal securities 1268.2 1261.6 1318.5 1402.7 1457.1 1480.7 1603.4 1762.9 1900.4 2030.9 6

 7 Corporate bonds 1357.2 1485.2 1666.3 1881.2 2107.1 2271.1 2614.5 2747.9 2900.1 2975.5 7

 8 Bank loans n.e.c. 863.6 934.0 1040.4 1148.0 1228.7 1324.4 1237.4 1129.2 1085.3 1090.5 8

 9 Other loans and advances 715.4 746.4 810.3 879.7 917.0 1015.7 1019.1 1058.8 1069.1 1127.8 9

10 Mortgages 4500.9 4760.6 5057.7 5518.3 6116.8 6669.4 7374.8 8264.3 9259.3 10496.4 10

11 Home 3445.4 3668.4 3902.6 4259.0 4683.0 5106.5 5658.5 6413.2 7222.3 8247.2 11

12 Multifamily residential 265.9 275.6 282.4 307.8 357.9 384.4 425.0 462.3 541.5 591.1 12

13 Commercial 717.9 742.2 794.3 868.3 988.7 1093.7 1202.8 1293.5 1412.3 1562.5 13

14 Farm 71.7 74.4 78.5 83.1 87.2 84.7 88.5 95.4 83.2 95.7 14

15 Consumer credit 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 15

16 By sector 13667.5 14399.8 15210.8 16216.4 17291.6 18166.1 19298.3 20716.9 22432.7 24434.0 16

17 Household sector 4841.2 5177.0 5477.6 5903.4 6396.0 6987.3 7659.3 8484.3 9487.4 10548.5 17

18 Nonfinancial business 4142.8 4415.0 4851.5 5417.1 6033.7 6595.8 6956.1 7147.7 7343.8 7808.0 18

19 Corporate 2941.5 3140.3 3471.6 3853.4 4270.9 4633.6 4825.8 4859.4 4976.5 5179.8 19

20 Nonfarm noncorporate 1069.9 1139.2 1237.1 1412.7 1608.6 1806.0 1967.8 2118.6 2210.2 2455.3 20

21 Farm 131.4 135.5 142.8 150.9 154.2 156.1 162.6 169.7 157.1 172.9 21

22 State and local governments 1046.7 1026.2 1076.9 1143.8 1181.0 1197.9 1303.4 1448.0 1568.5 1682.6 22

23 Federal government 3636.7 3781.7 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 4033.1 4395.0 23

 Foreign credit market debt

24 held in U.S. 567.6 657.2 723.6 783.2 748.2 814.5 865.4 1072.8 1253.3 1438.8 24

25 Commercial paper 56.2 67.5 65.1 72.9 89.2 120.9 198.5 257.2 276.1 345.3 25

26 Bonds 413.3 481.4 543.4 594.4 548.2 572.7 557.1 702.7 868.9 985.0 26

27 Bank loans n.e.c. 34.6 43.7 52.1 58.7 59.2 70.5 63.2 68.6 66.1 69.9 27

28 Other loans and advances 63.6 64.7 63.0 57.2 51.6 50.4 46.6 44.3 42.2 38.6 28

29 Domestic and foreign 14235.1 15057.1 15934.5 16999.5 18039.9 18980.6 20163.7 21789.8 23686.0 25872.8 29

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 4233.5 4747.5 5301.4 6328.2 7349.4 8157.8 9155.9 10042.5 10937.6 11926.2 1

 2 Open market paper 486.9 579.1 745.7 906.7 1082.9 1214.7 1097.8 997.9 934.4 956.0 2

 3 GSE issues 807.0 897.4 996.5 1275.4 1594.2 1826.4 2130.6 2350.4 2601.3 2676.3 3

 4 Agency- and GSE-backed mortgage pool sec. 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 4

 5 Corporate bonds 1158.5 1300.4 1410.3 1657.1 1805.7 1983.4 2407.1 2805.9 3279.2 3962.4 5

 6 Bank loans n.e.c. 51.4 64.0 77.3 109.6 98.4 118.2 139.2 162.3 183.7 249.7 6

 7 Other loans and advances 135.0 162.9 198.5 288.7 395.8 438.3 463.7 470.5 501.7 575.8 7

 8 Mortgages 24.1 31.9 46.8 71.6 78.8 83.6 85.8 97.0 105.9 131.4 8

 9 By sector 4233.5 4747.5 5301.4 6328.2 7349.4 8157.8 9155.9 10042.5 10937.6 11926.2 9

10 Commercial banks 102.6 113.6 140.6 188.6 230.0 266.7 296.0 325.5 338.6 357.4 10

11 Bank holding companies 148.0 150.0 168.6 193.5 219.3 242.5 266.1 286.4 321.8 381.3 11

12 Savings institutions 115.0 140.5 160.3 212.4 260.4 301.3 301.2 278.1 313.4 404.8 12

13 Credit unions 0.4 0.4 0.6 1.1 3.4 3.4 4.9 6.9 9.1 11.4 13

14 Life insurance companies 0.5 1.6 1.8 2.5 3.2 2.5 3.1 5.1 8.0 11.1 14

15 Government-sponsored enterprises 807.0 897.4 996.5 1275.4 1594.2 1826.4 2130.6 2350.4 2601.3 2676.3 15

16 Agency- and GSE-backed mortgage pools 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 16

17 ABS issuers 666.4 781.0 918.3 1176.4 1330.3 1503.5 1758.6 1987.1 2222.9 2662.2 17

18 Finance companies 500.4 555.1 584.4 645.3 720.9 807.1 818.0 884.2 995.3 1129.6 18

19 REITs 44.6 56.5 96.1 158.8 164.8 167.6 171.4 198.4 230.7 340.1 19

20 Brokers and dealers 29.3 27.3 35.3 42.5 25.3 40.9 42.3 40.6 47.0 62.2 20

21 Funding corporations 248.6 312.4 372.6 412.6 504.2 502.6 531.9 521.2 518.1 515.1 21
FFA, 1995-2004, March 11, 2010 53

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total 18468.6 19804.5 21235.9 23327.7 25389.3 27138.3 29319.6 31832.3 34623.6 37799.0 1

 2 Open market paper 700.4 803.0 979.4 1172.6 1402.4 1614.0 1474.0 1374.9 1292.9 1399.1 2

 3 Treasury securities 3608.5 3755.1 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 4008.2 4370.7 3

 4 Agency- and GSE-backed securities 2406.0 2635.8 2849.3 3322.9 3916.0 4347.0 4989.1 5536.3 5957.6 6075.2 4

 5 Municipal securities 1268.2 1261.6 1318.5 1402.7 1457.1 1480.7 1603.4 1762.9 1900.4 2030.9 5

 6 Corporate and foreign bonds 2929.0 3267.0 3620.0 4132.8 4461.0 4827.2 5578.7 6256.6 7048.3 7922.9 6

 7 Bank loans n.e.c. 949.6 1041.7 1169.8 1316.4 1386.2 1513.1 1439.8 1360.0 1335.1 1410.1 7

 8 Other loans and advances 913.9 974.0 1071.8 1225.6 1364.5 1504.3 1529.4 1573.6 1613.0 1742.2 8

 9 Mortgages 4524.9 4792.5 5104.6 5589.9 6195.7 6752.9 7460.6 8361.3 9365.2 10627.8 9

10 Consumer credit 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 10

 Memo:

 Selected claims not included above:

11 Corporate equities 8481.3 9748.1 12621.8 15393.9 19443.0 17571.2 15551.0 12346.6 16450.7 18940.1 11

12 Mutual fund shares 1852.8 2342.4 2989.4 3613.1 4538.5 4433.1 4135.4 3638.4 4654.2 5436.3 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 18468.6 19804.5 21235.9 23327.7 25389.3 27138.3 29319.6 31832.3 34623.6 37799.0 1

 2 Official foreign exchange 63.7 53.7 48.9 60.1 50.1 46.1 46.8 55.8 62.3 62.2 2

 3 SDR certificates 10.2 9.7 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 3

 4 Treasury currency 18.3 18.9 19.3 19.9 20.9 23.2 24.5 25.5 26.0 26.7 4

 5 Foreign deposits 418.8 521.7 618.5 627.6 676.5 803.3 810.1 831.1 867.1 957.0 5

 6 Net interbank liabilities 290.8 240.8 219.4 189.5 205.5 221.3 191.4 205.4 193.0 212.2 6

 7 Checkable deposits and currency 1211.4 1200.4 1209.2 1220.3 1332.3 1218.8 1360.8 1353.0 1437.4 1522.8 7

 8 Small time and savings deposits 2298.4 2421.1 2550.6 2739.9 2823.7 3054.7 3369.3 3694.7 4002.1 4283.7 8

 9 Large time deposits 476.9 590.9 713.4 805.3 936.4 1052.6 1121.0 1171.0 1226.8 1505.1 9

10 Money market fund shares 741.3 886.7 1042.5 1327.9 1579.6 1812.1 2240.6 2223.9 2016.4 1879.8 10

11 Security RPs 626.0 665.1 766.1 810.4 938.3 1012.8 1023.0 1119.3 1332.9 1418.6 11

12 Mutual fund shares 1852.8 2342.4 2989.4 3613.1 4538.5 4433.1 4135.4 3638.4 4654.2 5436.3 12

13 Security credit 305.7 358.1 469.1 572.2 676.6 822.7 825.9 738.8 858.8 1038.2 13

14 Life insurance reserves 566.2 610.6 665.0 718.3 783.9 819.1 880.0 920.9 1013.2 1060.4 14

15 Pension fund reserves 5725.1 6386.7 7360.7 8265.4 9264.1 9171.3 8764.3 8189.4 9718.9 10635.5 15

16 Trade payables 1443.4 1554.6 1682.8 1787.8 2049.7 2444.2 2359.8 2446.6 2468.1 2662.8 16

17 Taxes payable 94.8 110.8 117.1 130.3 150.5 179.4 191.2 200.6 198.8 219.2 17

18 Miscellaneous 6367.8 6822.5 7170.3 8066.6 9052.4 10091.0 10850.8 11523.2 11887.8 13169.2 18

19 Total liabilities 40980.1 44599.0 48887.3 54291.4 60474.6 64346.1 67516.7 70172.1 76589.4 83890.7 19

 + Financial assets not included in

 liabilities:

20 Gold and SDRs 22.1 21.4 21.1 21.6 21.4 21.6 21.8 23.2 23.7 24.6 20

21 Corporate equities 8481.3 9748.1 12621.8 15393.9 19443.0 17571.2 15551.0 12346.6 16450.7 18940.1 21

22 Household equity in noncorp. bus. 3493.4 3728.3 3982.5 4252.8 4460.8 4870.8 5032.7 5262.6 5852.3 6758.2 22

 - Liabilities not identified as assets:

23 Treasury currency -5.7 -6.1 -6.2 -6.4 -7.1 -8.5 -8.6 -9.1 -9.5 -9.7 23

24 Foreign deposits 358.4 434.9 535.0 529.2 563.3 643.8 630.9 652.5 705.3 767.2 24

25 Net interbank transactions -8.9 -10.6 -32.1 -26.5 -25.3 -4.3 11.1 14.8 12.7 27.4 25

26 Security RPs 73.0 72.7 115.7 130.0 127.7 244.6 179.8 206.3 166.7 25.6 26

27 Taxes payable 49.7 -5.5 1.8 20.2 36.7 50.5 57.1 50.5 31.5 28.4 27

28 Miscellaneous -892.7 -1194.9 -1724.4 -2363.2 -3044.0 -4166.8 -4196.4 -4088.3 -4174.1 -4554.6 28

 - Floats not included in assets:

29 Checkable deposits: Federal govt. 3.1 -1.6 -8.1 -3.9 -9.8 -2.3 -12.3 -11.7 -17.9 11.2 29

30 Other 28.8 24.8 20.9 17.8 17.0 16.7 16.2 15.5 15.5 5.8 30

31 Trade credit -139.8 -167.4 -189.9 -208.1 -188.7 -172.5 -158.6 6.4 29.0 40.4 31

32 Totals identified to sectors as assets 53511.1 58950.5 66800.1 75870.5 86930.1 90208.4 91603.1 90967.6 102156.9 113272.1 32
54 FFA, 1995-2004, March 11, 2010

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 18629.4 20386.4 23576.8 27004.4 31557.3 30022.6 28776.8 26690.7 31265.4 34687.0 1

 2 Foreign deposits 23.4 35.5 37.2 37.7 40.7 48.3 48.7 49.9 52.1 57.5 2

 3 Checkable deposits and currency 683.3 635.3 611.3 633.3 592.6 518.6 591.8 602.1 593.2 661.3 3

 4 Time and savings deposits 2371.1 2515.7 2663.0 2799.4 2954.5 3280.5 3561.4 3886.2 4251.7 4727.4 4

 5 Money market fund shares 489.5 547.2 625.2 739.2 856.8 1009.2 1172.2 1133.0 1023.8 970.6 5

 6 Securities 7834.7 8615.3 10422.8 12391.9 15456.8 13310.7 11695.6 9774.0 12319.0 13845.9 6

 7 Open market paper 71.7 75.8 77.1 80.2 84.9 97.3 88.2 82.2 77.3 83.7 7

 8 U.S. savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 8

 9 Other Treasury securities 672.3 735.7 648.9 590.8 665.1 440.2 296.3 133.3 279.9 378.0 9

10 Agency- and GSE-backed securities 216.4 332.8 389.7 441.7 541.8 594.0 407.3 247.6 371.0 390.0 10

11 Municipal securities 535.6 495.6 500.8 501.5 530.8 533.7 584.3 681.7 706.4 746.7 11

12 Corporate and foreign bonds 466.5 514.6 526.9 590.5 503.0 552.0 731.2 1094.4 1026.3 1141.7 12

13 Corporate equities (2) 4434.2 4712.2 6144.1 7648.7 10049.8 8204.6 6783.5 5121.4 6749.9 7483.9 13

14 Mutual fund shares 1253.0 1561.5 1948.8 2351.8 2894.9 2704.2 2614.6 2218.4 2904.3 3417.4 14

15 Private life insurance reserves 536.3 580.1 632.7 684.7 748.9 782.7 842.2 881.6 972.7 1018.8 15

16 Private insured pension reserves 890.6 974.0 1116.3 1288.4 1478.4 1526.3 1558.5 1604.9 1803.2 2027.9 16

17 Private noninsured pension reserves 2939.4 3268.5 3759.9 4198.1 4651.5 4508.1 4095.9 3717.3 4561.3 4963.0 17

18 Govt. insurance and pension reserves 1925.0 2174.7 2516.8 2812.5 3169.2 3173.3 3147.7 2906.5 3394.9 3686.1 18

19 Miscellaneous and other assets 936.1 1040.2 1191.6 1419.2 1607.9 1865.1 2062.7 2135.0 2293.5 2728.5 19

20 Total liabilities 6585.7 7084.5 7628.5 8393.0 9283.7 10223.7 11077.4 12078.4 13196.6 14719.1 20

21 Mortgage debt on nonfarm homes 3438.2 3660.1 3894.0 4249.1 4670.9 5092.5 5642.3 6396.3 7203.5 8223.7 21

22 Other mortgage debt (3) 849.4 877.9 909.8 1015.4 1116.5 1225.7 1329.6 1434.8 1543.3 1702.1 22

23 Consumer credit 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 23

24 Policy loans 96.9 101.4 104.6 104.7 100.0 102.8 105.0 106.0 105.2 106.8 24

25 Security credit 78.6 94.4 131.2 152.8 227.9 235.1 196.4 148.2 182.5 264.0 25

26 Other liabilities (3) 954.5 1076.8 1244.8 1429.9 1614.8 1826.3 1912.3 1996.2 2059.1 2202.4 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, 1995-2004, March 11, 2010 55

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 21520.3 23416.0 26726.4 30200.7 34773.9 33401.8 32165.5 30230.9 35305.7 39262.9 1

 2 Deposits 3357.4 3498.7 3664.9 3881.1 4049.5 4376.1 4875.8 5153.2 5349.2 5748.2 2

 3 Foreign deposits 23.4 35.5 37.2 37.7 40.7 48.3 48.7 49.9 52.1 57.5 3

 4 Checkable deposits and currency 561.9 494.7 448.1 463.8 417.7 335.1 407.3 414.5 399.1 359.8 4

 5 Time and savings deposits 2299.7 2440.7 2577.3 2673.0 2775.0 3032.9 3306.7 3617.1 3937.9 4426.8 5

 6 Money market fund shares 472.4 527.9 602.3 706.6 816.1 959.8 1113.2 1071.7 960.2 904.1 6

 7 Credit market instruments 2235.1 2416.2 2393.4 2445.0 2574.3 2464.6 2362.4 2507.3 2741.2 3027.3 7

 8 Open market paper 71.7 75.8 77.1 80.2 84.9 97.3 88.2 82.2 77.3 83.7 8

 9 Treasury securities 833.6 894.2 803.1 739.5 814.4 584.8 443.8 285.3 438.8 532.2 9

10 Savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 10

11 Other Treasury 648.6 707.2 616.6 552.8 628.0 400.1 253.4 90.4 235.0 327.8 11

12 Agency- and GSE-backed securities 216.4 332.8 389.7 441.7 541.8 594.0 407.3 247.6 371.0 390.0 12

13 Municipal securities 533.4 493.0 497.6 498.7 528.1 531.2 580.8 678.4 703.7 742.4 13

14 Corporate and foreign bonds 466.5 514.6 526.9 590.5 503.0 552.0 731.2 1094.4 1026.3 1141.7 14

15 Other loans and advances (2) 0.1 0.1 0.2 0.2 0.6 1.9 2.6 2.8 3.1 5.9 15

16 Mortgages 113.3 105.8 98.7 94.3 101.6 103.4 108.7 116.6 120.9 131.3 16

17 Corporate equities (3) 4434.2 4712.2 6144.1 7648.7 10049.8 8204.6 6783.5 5121.4 6749.9 7483.9 17

18 Mutual fund shares 1253.0 1561.5 1948.8 2351.8 2894.9 2704.2 2614.6 2218.4 2904.3 3417.4 18

19 Security credit 127.6 162.9 215.5 276.7 323.9 412.4 454.3 412.7 475.4 578.3 19

20 Life insurance reserves 566.2 610.6 665.0 718.3 783.9 819.1 880.0 920.9 1013.2 1060.4 20

21 Pension fund reserves 5725.1 6386.7 7360.7 8265.4 9264.1 9171.3 8764.3 8189.4 9718.9 10635.5 21

22 Equity in noncorporate business 3493.4 3728.3 3982.5 4252.8 4460.8 4870.8 5032.7 5262.6 5852.3 6758.2 22

23 Miscellaneous assets 328.3 338.9 351.5 360.8 372.6 378.7 397.8 444.9 501.3 553.8 23

24 Total liabilities 5038.4 5398.8 5745.4 6200.1 6774.2 7376.7 8007.6 8804.4 9847.6 11008.2 24

25 Credit market instruments 4841.2 5177.0 5477.6 5903.4 6396.0 6987.3 7659.3 8484.3 9487.4 10548.5 25

26 Home mortgages (4) 3318.9 3523.8 3739.3 4040.6 4416.3 4798.4 5305.4 6009.9 6876.9 7814.2 26

27 Consumer credit 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 27

28 Municipal securities 96.4 102.4 109.6 121.3 131.7 137.5 151.3 163.9 177.7 189.1 28

29 Bank loans n.e.c. (5) 57.4 58.0 66.5 72.0 62.9 63.6 41.5 17.3 49.8 26.7 29

30 Other loans and advances 108.4 122.3 123.0 122.6 117.8 119.1 120.0 120.2 118.7 119.0 30

31 Commercial mortgages 91.9 96.6 95.1 105.6 113.7 127.5 149.2 175.9 161.4 179.2 31

32 Security credit 78.6 94.4 131.2 152.8 227.9 235.1 196.4 148.2 182.5 264.0 32

33 Trade payables 101.1 109.1 118.0 126.8 130.9 134.7 132.9 152.0 156.8 173.3 33

 Deferred and unpaid

34 life insurance premiums 17.5 18.3 18.6 17.2 19.4 19.6 19.1 20.0 20.9 22.5 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, 1995-2004, March 11, 2010

L.101 Nonfinancial Business (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 5567.9 6159.7 6636.5 7862.3 9311.3 11220.4 11499.0 11629.6 11883.2 13072.2 1

 2 Foreign deposits 17.4 28.2 23.1 30.5 31.5 24.0 15.5 20.6 38.1 53.7 2

 3 Checkable deposits and currency 326.5 355.0 370.1 364.5 405.8 429.9 366.5 328.7 385.0 479.9 3

 4 Time and savings deposits 171.1 204.7 250.1 319.0 416.4 519.9 535.8 560.5 676.6 701.1 4

 5 Money market fund shares 77.0 86.9 110.7 159.0 195.6 240.8 360.9 397.1 362.6 390.9 5

 6 Security RPs 2.4 3.9 4.6 4.2 5.8 4.2 4.0 6.2 6.0 6.4 6

 7 Credit market instruments 328.0 321.8 317.2 313.1 285.8 314.3 316.7 341.8 340.7 383.4 7

 8 Commercial paper 20.1 31.5 36.1 39.4 47.6 57.8 60.2 64.8 75.7 95.0 8

 9 Treasury securities 80.7 75.6 59.1 61.6 56.6 58.3 59.7 74.2 77.7 83.3 9

10 Agency- and GSE-backed securities 23.4 28.5 8.0 10.6 12.4 15.4 17.5 16.9 12.1 12.2 10

11 Municipal securities 39.0 33.6 30.6 28.6 27.7 34.4 32.8 35.5 38.1 36.2 11

12 Mortgages 79.7 74.7 99.0 93.6 65.3 67.0 73.4 75.7 78.0 97.4 12

13 Consumer credit 85.1 77.7 84.4 79.3 76.1 81.5 73.1 74.7 59.0 59.2 13

14 Mutual fund shares 45.7 63.0 75.0 98.0 127.0 121.9 112.5 95.8 125.9 140.5 14

15 Trade receivables 1325.3 1442.9 1566.0 1681.6 1930.1 2281.4 2161.8 2082.5 2039.5 2195.0 15

16 Miscellaneous assets 3274.5 3653.3 3919.8 4892.3 5913.4 7284.0 7625.2 7796.6 7908.7 8721.4 16

17 Total liabilities 7556.8 8064.2 8511.9 9650.5 10916.7 12458.4 12879.3 13196.9 13216.3 14060.2 17

18 Credit market instruments 4142.8 4415.0 4851.5 5417.1 6033.7 6595.8 6956.1 7147.7 7343.8 7808.0 18

19 Commercial paper 157.4 156.4 168.6 193.0 230.3 278.4 177.7 119.8 82.5 97.8 19

20 Municipal securities 134.8 137.9 142.0 147.8 152.8 154.2 157.7 160.6 163.9 169.2 20

21 Corporate bonds 1357.2 1485.2 1666.3 1881.2 2107.1 2271.1 2614.5 2747.9 2900.1 2975.5 21

22 Bank loans n.e.c. 806.2 876.0 973.9 1076.0 1165.8 1260.8 1195.9 1111.9 1035.5 1063.8 22

23 Other loans and advances 597.3 619.2 677.3 747.0 790.8 887.7 890.1 929.0 940.8 998.8 23

24 Mortgages 1090.1 1140.2 1223.3 1372.0 1586.8 1743.6 1920.2 2078.4 2221.0 2502.9 24

25 Trade payables 975.3 1056.9 1154.0 1242.0 1455.0 1809.2 1700.8 1745.9 1665.1 1786.4 25

26 Taxes payable 73.7 85.5 99.2 108.1 124.0 142.6 149.7 163.1 150.9 166.0 26

27 Miscellaneous liabilities 2365.0 2506.9 2407.2 2883.3 3304.0 3910.7 4072.6 4140.1 4056.6 4299.9 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 1995-2004, March 11, 2010 57

L.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 4970.7 5467.5 5813.0 6815.3 8078.7 9740.4 9861.2 9912.1 10084.2 10901.1 1

 2 Foreign deposits 17.4 28.2 23.1 30.5 31.5 24.0 15.5 20.6 38.1 53.7 2

 3 Checkable deposits and currency 205.1 214.3 206.9 195.0 231.0 246.4 181.9 141.1 190.9 178.4 3

 4 Time and savings deposits 99.7 129.7 164.4 192.6 236.9 272.3 281.1 291.3 362.8 400.5 4

 5 Money market fund shares 60.0 67.6 87.8 126.4 154.9 191.4 301.9 335.7 299.0 324.3 5

 6 Security RPs 2.4 3.9 4.6 4.2 5.8 4.2 4.0 6.2 6.0 6.4 6

 7 Credit market instruments 280.4 270.2 263.0 246.0 221.8 248.3 243.6 269.4 266.8 298.0 7

 8 Commercial paper 20.1 31.5 36.1 39.4 47.6 57.8 60.2 64.8 75.7 95.0 8

 9 Treasury securities 57.1 47.1 26.8 23.6 19.4 18.1 16.9 31.4 32.8 33.1 9

10 Agency- and GSE-backed securities 23.4 28.5 8.0 10.6 12.4 15.4 17.5 16.9 12.1 12.2 10

11 Municipal securities 36.8 31.0 27.4 25.7 25.0 31.9 29.3 32.1 35.4 31.8 11

12 Mortgages 57.9 54.4 80.2 67.3 41.2 43.5 46.6 49.6 51.8 66.6 12

13 Consumer credit 85.1 77.7 84.4 79.3 76.1 81.5 73.1 74.7 59.0 59.2 13

14 Mutual fund shares 45.7 63.0 75.0 98.0 127.0 121.9 112.5 95.8 125.9 140.5 14

15 Trade receivables 1184.9 1273.1 1361.1 1448.4 1657.6 1939.2 1817.9 1719.6 1701.8 1830.6 15

16 Miscellaneous assets 3075.1 3417.5 3627.1 4474.1 5412.3 6692.7 6902.8 7032.4 7092.8 7668.6 16

17 U.S. direct investment abroad (1) 778.7 866.5 933.1 1041.0 1250.7 1351.6 1489.8 1611.9 1745.1 2094.7 17

18 Insurance receivables 183.6 186.2 188.1 189.8 190.8 190.4 200.8 218.2 236.6 255.5 18

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

20 Investment in finance company subs. 22.5 23.0 28.0 18.0 28.6 29.4 11.6 18.5 21.0 23.6 20

21 Other 2090.4 2341.8 2477.9 3225.3 3942.3 5121.2 5200.7 5183.8 5090.2 5294.8 21

22 Total liabilities 6009.5 6378.6 6628.8 7457.6 8407.3 9611.4 9809.5 9922.8 9867.4 10349.3 22

23 Credit market instruments 2941.5 3140.3 3471.6 3853.4 4270.9 4633.6 4825.8 4859.4 4976.5 5179.8 23

24 Commercial paper 157.4 156.4 168.6 193.0 230.3 278.4 177.7 119.8 82.5 97.8 24

25 Municipal securities (2) 134.8 137.9 142.0 147.8 152.8 154.2 157.7 160.6 163.9 169.2 25

26 Corporate bonds (1) 1357.2 1485.2 1666.3 1881.2 2107.1 2271.1 2614.5 2747.9 2900.1 2975.5 26

27 Bank loans n.e.c. 601.8 642.1 692.7 768.8 808.8 852.7 743.7 635.5 548.3 542.7 27

28 Other loans and advances (3) 477.2 496.1 548.0 608.8 642.3 726.0 729.3 762.3 769.3 824.0 28

29 Mortgages 213.3 222.6 254.0 253.9 329.5 351.2 402.9 433.2 512.5 570.6 29

30 Trade payables 877.5 927.0 992.1 1049.7 1228.2 1541.4 1437.7 1457.4 1402.7 1499.9 30

31 Taxes payable 40.3 49.9 59.2 64.1 71.0 78.0 81.0 93.0 81.2 88.0 31

32 Miscellaneous liabilities 2150.2 2261.4 2105.9 2490.4 2837.2 3358.3 3464.9 3513.1 3406.9 3581.6 32

33 Foreign direct investment in U.S. 651.3 704.8 756.4 817.8 912.5 1180.0 1266.2 1252.5 1302.0 1409.8 33

34 Pension fund contributions payable 83.8 89.2 97.6 110.5 92.1 73.0 48.4 49.9 49.8 46.6 34

35 Other 1415.1 1467.4 1251.9 1562.2 1832.6 2105.4 2150.3 2210.6 2055.1 2125.2 35

 Memo:

36 Trade receivables net of payables 307.4 346.1 369.0 398.7 429.4 397.8 380.2 262.2 299.1 330.7 36

37 Market value of equities 6406.8 6804.3 8674.5 10962.3 14476.8 12444.5 10868.6 8212.3 10845.2 12088.6 37

38 Securities and mortgages 1705.3 1845.6 2062.2 2282.8 2589.4 2776.5 3175.1 3341.7 3576.4 3715.4 38

39 Loans and short-term paper 1236.3 1294.6 1409.3 1570.6 1681.5 1857.1 1650.7 1517.7 1400.1 1464.4 39

40 Total short-term liabilities (4) 2154.1 2271.5 2460.7 2684.4 2980.7 3476.5 3169.5 3068.0 2884.0 3052.4 40

41 Total liquid assets (5) 567.7 644.9 660.2 746.1 891.4 983.5 1020.8 1035.8 1178.8 1276.0 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 58.0 58.8 59.4 59.2 60.6 59.9 65.8 68.8 71.9 71.7 42

43 Short-term debt/credit market debt 42.0 41.2 40.6 40.8 39.4 40.1 34.2 31.2 28.1 28.3 43

44 Liquid assets/short-term liabilities 26.4 28.4 26.8 27.8 29.9 28.3 32.2 33.8 40.9 41.8 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, 1995-2004, March 11, 2010

L.103 Nonfarm Noncorporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 548.1 643.2 773.8 992.3 1176.1 1422.9 1578.8 1657.0 1736.6 2105.6 1

 2 Checkable deposits and currency 104.7 124.0 146.2 150.9 155.6 164.1 164.5 167.1 172.9 279.2 2

 3 Time and savings deposits 71.5 75.0 85.7 126.5 179.5 247.6 254.7 269.2 313.8 300.6 3

 4 Money market fund shares 17.0 19.2 22.9 32.6 40.7 49.4 59.0 61.3 63.6 66.5 4

 5 Treasury securities 23.6 28.6 32.2 38.0 37.2 40.2 42.8 42.8 44.9 50.2 5

 6 Municipal securities 2.2 2.6 3.2 2.8 2.7 2.4 3.5 3.4 2.7 4.3 6

 7 Mortgages 21.7 20.4 18.7 26.3 24.1 23.4 26.8 26.2 26.3 30.8 7

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

 9 Trade receivables 140.3 169.8 204.9 233.1 272.6 342.1 343.9 362.8 337.7 364.3 9

10 Miscellaneous assets 167.0 203.5 259.9 382.1 463.8 553.7 683.6 724.2 774.7 1009.5 10

11 Insurance receivables 44.2 44.8 45.2 45.6 45.9 45.8 48.3 52.5 56.9 60.5 11

12 Equity investment in GSEs (1) 1.0 1.7 1.7 1.6 1.6 1.6 1.8 1.8 2.1 2.0 12

13 Other 121.9 157.1 213.0 334.9 416.3 506.2 633.5 670.0 715.7 947.1 13

14 Total liabilities 1404.3 1537.1 1726.2 2028.3 2341.7 2683.1 2899.1 3096.8 3184.8 3529.0 14

15 Credit market instruments 1069.9 1139.2 1237.1 1412.7 1608.6 1806.0 1967.8 2118.6 2210.2 2455.3 15

16 Bank loans n.e.c. 164.7 193.6 237.3 262.1 312.8 361.2 405.3 430.4 441.7 473.4 16

17 Other loans and advances 100.2 102.4 108.9 115.5 125.7 137.2 133.7 138.4 143.1 145.3 17

18 Mortgages 805.0 843.2 890.9 1035.1 1170.1 1307.6 1428.8 1549.8 1625.3 1836.6 18

19 Trade payables 86.2 116.8 147.8 178.6 213.3 259.9 255.0 281.0 255.3 277.4 19

20 Taxes payable 33.4 35.7 39.9 44.1 53.0 64.6 68.7 70.2 69.7 78.0 20

21 Miscellaneous liabilities 214.8 245.5 301.3 392.9 466.8 552.4 607.7 627.0 649.7 718.2 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

Billions of dollars

 1 Total financial assets 49.1 49.0 49.7 54.7 56.5 57.1 58.9 60.4 62.4 65.5 1

 2 Checkable deposits and currency 16.7 16.7 16.9 18.6 19.2 19.4 20.0 20.6 21.2 22.3 2

 3 Miscellaneous assets 32.4 32.3 32.8 36.1 37.3 37.7 38.9 39.9 41.2 43.2 3

 4 Insurance receivables 30.2 30.8 31.3 34.5 35.7 36.0 36.8 37.8 38.7 40.5 4

 5 Equity investment in GSEs (2) 2.2 1.5 1.5 1.7 1.6 1.6 2.0 2.1 2.5 2.7 5

 6 Total liabilities 143.0 148.6 156.9 164.6 167.7 163.9 170.7 177.2 164.2 181.9 6

 7 Credit market instruments 131.4 135.5 142.8 150.9 154.2 156.1 162.6 169.7 157.1 172.9 7

 8 Bank loans n.e.c. 39.7 40.4 43.9 45.1 44.2 46.9 46.9 46.0 45.5 47.7 8

 9 Other loans and advances 19.9 20.7 20.4 22.7 22.8 24.5 27.1 28.3 28.4 29.5 9

10 Mortgages (3) 71.7 74.4 78.5 83.1 87.2 84.7 88.5 95.4 83.2 95.7 10

11 Trade payables 11.6 13.0 14.1 13.7 13.5 7.8 8.1 7.6 7.1 9.1 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
FFA, 1995-2004, March 11, 2010 59

L.105 State and Local Governments (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1121.7 1162.6 1286.9 1474.8 1601.1 1661.9 1748.2 1799.9 1908.2 2029.5 1

 2 Checkable deposits and currency 38.7 33.2 37.5 33.6 37.6 37.7 41.7 46.8 53.8 47.0 2

 3 Time and savings deposits 62.0 72.6 78.4 93.2 107.2 117.8 129.8 138.7 159.0 170.6 3

 4 Money market fund shares 10.7 12.0 15.6 46.7 51.2 53.9 57.1 58.7 62.7 66.6 4

 5 Security RPs 115.7 147.8 151.4 155.6 153.1 142.8 131.9 115.6 123.5 131.2 5

 6 Credit market instruments 638.6 604.8 605.0 714.6 816.5 887.3 981.2 1067.4 1125.6 1198.1 6

 7 Open market paper 39.4 59.7 74.0 86.8 104.3 119.5 136.9 151.3 161.6 171.7 7

 8 Treasury securities 289.8 257.0 239.3 280.8 304.5 310.0 328.4 354.7 364.2 389.1 8

 9 Agency- and GSE-backed securities 151.5 116.2 115.4 154.1 198.3 239.7 287.0 328.8 351.2 373.2 9

10 Municipal securities 5.1 4.6 3.9 3.2 3.5 3.7 4.0 4.1 4.4 4.7 10

11 Corporate and foreign bonds 39.0 49.7 51.0 62.4 74.0 83.8 95.1 104.2 111.3 118.2 11

12 Mortgages 113.8 117.6 121.3 127.4 131.8 130.5 129.7 124.4 132.9 141.2 12

13 Corporate equities 26.4 46.9 78.4 98.5 98.3 93.2 88.0 79.3 84.7 90.0 13

14 Mutual fund shares 35.0 41.0 33.6 34.1 33.4 30.8 28.1 24.3 25.9 27.5 14

15 Trade receivables 77.3 82.9 89.2 96.3 104.9 109.9 115.9 118.4 126.5 134.4 15

16 Taxes receivable 27.9 26.1 26.9 28.1 33.5 45.6 50.1 59.5 73.6 99.6 16

17 Miscellaneous assets 89.5 95.3 170.9 174.0 165.6 143.1 124.4 91.3 73.0 64.6 17

18 Total liabilities 1276.0 1273.6 1343.9 1431.5 1491.5 1533.4 1665.8 1838.7 1988.2 2132.4 18

19 Credit market instruments 1046.7 1026.2 1076.9 1143.8 1181.0 1197.9 1303.4 1448.0 1568.5 1682.6 19

20 Municipal securities 1037.0 1021.3 1067.0 1133.6 1172.5 1189.0 1294.4 1438.4 1558.8 1672.6 20

21 Short-term 34.4 40.7 49.0 42.7 45.3 46.6 70.5 95.7 106.1 100.2 21

22 Other 1002.6 980.7 1018.0 1090.9 1127.2 1142.4 1223.9 1342.6 1452.7 1572.4 22

23 U.S. government loans 9.7 4.8 10.0 10.1 8.5 8.9 9.0 9.6 9.7 10.0 23

24 Trade payables 229.2 247.4 266.9 287.7 310.5 335.5 362.4 390.7 419.7 449.9 24

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

L.106 Federal Government

Billions of dollars

 1 Total financial assets 431.7 511.5 515.9 515.8 616.2 569.9 632.6 652.8 659.7 640.6 1

 2 Gold, SDRs, and official foreign exchange 53.8 44.9 42.0 51.0 44.5 41.1 43.2 51.1 55.2 54.5 2

 3 Checkable deposits and currency 22.2 38.3 41.6 23.2 87.9 24.3 66.9 47.5 54.1 21.9 3

 4 Time and savings deposits 0.9 2.4 3.4 4.7 5.4 6.3 10.5 27.6 2.4 2.4 4

 5 Credit market instruments 197.6 201.6 213.1 218.8 256.3 263.1 267.0 275.0 272.4 274.7 5

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

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

 8 Other loans and advances 130.9 133.7 139.7 137.4 130.6 127.8 120.0 119.4 117.5 114.4 8

 9 Mortgages 57.5 50.3 45.7 44.9 77.7 75.7 74.5 75.1 72.6 74.2 9

10 Consumer credit (1) 9.2 17.7 27.6 36.5 48.0 59.7 72.5 80.5 82.4 86.1 10

11 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade receivables 23.1 24.0 20.8 22.3 22.9 28.1 35.5 32.2 51.3 61.8 12

13 Taxes receivable 17.3 90.2 88.4 82.0 80.3 83.3 84.0 90.7 93.7 91.2 13

14 Miscellaneous assets 116.9 110.2 106.7 113.8 119.0 123.6 125.6 128.7 130.7 134.0 14

15 Total liabilities 4289.1 4491.6 4547.7 4530.7 4505.7 4235.9 4296.8 4597.7 5111.2 5548.4 15

16 SDR certificates 10.2 9.7 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 16

17 Treasury currency 18.3 18.9 19.3 19.9 20.9 23.2 24.5 25.5 26.0 26.7 17

18 Credit market instruments 3636.7 3781.7 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 4033.1 4395.0 18

19 Savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 19

20 Other Treasury securities 3423.5 3568.1 3591.8 3537.0 3466.2 3173.0 3162.4 3414.9 3804.4 4166.3 20

21 Budget agency securities 28.2 26.6 26.5 28.5 28.3 27.3 26.8 27.3 24.9 24.3 21

22 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Trade payables 81.0 82.1 73.8 66.3 72.1 77.7 81.0 82.0 153.6 169.0 23

24 Insurance reserves 29.9 30.5 32.3 33.6 35.0 36.4 37.8 39.4 40.5 41.6 24

25 Miscellaneous liabilities (3) 513.0 568.7 608.3 649.6 690.6 711.3 772.0 811.7 855.8 913.9 25

26 Nonmarketable securities held by pension plans 506.3 561.4 601.7 642.9 684.0 704.9 765.8 790.3 815.0 855.9 26

27 Other 6.7 7.3 6.6 6.7 6.6 6.4 6.2 21.4 40.8 58.0 27

(1) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.
60 FFA, 1995-2004, March 11, 2010

L.107 Rest of the World

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 3451.5 4001.3 4751.0 5320.5 6040.6 6828.1 7311.6 7795.0 8790.8 10523.4 1

 2 Net interbank assets 229.3 177.3 173.0 145.9 140.3 161.1 115.5 119.7 109.6 118.3 2

 3 U.S. checkable deposits and currency 158.5 175.2 202.7 213.2 237.5 236.3 255.1 273.4 262.9 285.3 3

 4 U.S. time deposits 40.0 50.9 63.9 115.9 118.8 101.5 102.1 143.3 115.0 149.2 4

 5 Money market fund shares 5.1 5.8 6.6 7.3 8.1 11.2 15.1 16.3 18.8 22.9 5

 6 Security RPs 67.6 70.9 90.8 72.0 79.9 91.3 151.1 190.1 460.2 665.1 6

 7 Credit market instruments 1464.8 1795.6 2035.6 2202.0 2196.1 2451.1 2850.2 3303.0 3836.1 4634.7 7

 8 Open market paper 43.4 57.9 77.8 111.4 105.0 114.3 108.4 126.6 192.8 229.8 8

 9 Treasury securities 816.9 1040.3 1153.2 1166.2 1058.4 1021.4 1095.2 1285.5 1513.5 1813.6 9

10 Official 490.0 606.4 615.1 622.9 617.7 639.8 720.1 812.0 986.3 1251.9 10

11 Private 327.0 433.9 538.1 543.3 440.7 381.6 375.1 473.5 527.2 561.6 11

12 Agency- and GSE-backed securities 123.1 134.4 157.3 185.6 232.3 348.2 504.1 630.6 655.3 875.2 12

13 Official 17.5 24.7 33.1 46.8 76.1 116.4 171.7 214.2 262.9 372.6 13

14 Private 105.5 109.7 124.2 138.7 156.2 231.9 332.4 416.3 392.4 502.6 14

15 Municipal securities 4.0 4.9 5.9 6.8 7.8 8.0 8.0 11.5 19.5 26.0 15

16 U.S. corporate bonds (1) 355.3 432.1 498.2 589.7 673.1 841.8 1018.7 1123.0 1330.0 1558.9 16

17 Loans to U.S. corporate business 122.1 126.0 143.3 142.3 119.5 117.3 115.7 125.8 125.0 131.2 17

18 U.S. corporate equities 484.6 584.3 837.3 1010.2 1196.0 1422.0 1409.4 1169.6 1524.4 1904.6 18

19 Mutual fund shares 59.9 82.3 109.0 135.1 169.5 149.0 116.6 98.0 146.1 195.8 19

20 Trade receivables 49.3 54.9 55.8 49.3 49.7 49.4 46.2 48.8 50.1 49.0 20

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

22 Miscellaneous assets 892.5 1004.1 1176.3 1369.7 1844.6 2155.2 2250.4 2432.8 2267.5 2498.5 22

23 Foreign direct investment in U.S. (2) 680.1 745.6 824.1 920.0 1101.7 1421.0 1518.5 1500.0 1581.0 1742.7 23

24 Other 212.5 258.5 352.1 449.6 742.9 734.1 731.9 932.8 686.5 755.8 24

25 Total liabilities 2125.7 2431.8 2677.7 2868.3 3184.2 3566.0 3824.5 4371.9 4691.3 5590.2 25

 U.S. official foreign exchange

26 and net IMF position 63.7 53.7 48.9 60.1 50.1 46.1 46.8 55.8 62.3 62.2 26

27 U.S. private deposits 418.8 521.7 618.5 627.6 676.5 803.3 810.1 831.1 867.1 957.0 27

28 Credit market instruments 567.6 657.2 723.6 783.2 748.2 814.5 865.4 1072.8 1253.3 1438.8 28

29 Commercial paper 56.2 67.5 65.1 72.9 89.2 120.9 198.5 257.2 276.1 345.3 29

30 Bonds 413.3 481.4 543.4 594.4 548.2 572.7 557.1 702.7 868.9 985.0 30

31 Bank loans n.e.c. 34.6 43.7 52.1 58.7 59.2 70.5 63.2 68.6 66.1 69.9 31

32 Official 2.6 2.9 2.1 2.8 3.0 3.5 4.3 5.1 4.5 5.5 32

33 Banks 10.9 14.3 13.8 13.1 9.9 13.2 5.9 5.1 8.9 13.4 33

34 Other 21.1 26.5 36.3 42.8 46.4 53.8 53.1 58.4 52.7 51.0 34

35 U.S. government loans 55.4 54.8 53.3 52.4 47.8 47.2 46.1 44.1 42.0 38.3 35

36 Acceptance liabilities to banks 8.2 9.9 9.7 4.7 3.9 3.1 0.5 0.2 0.2 0.3 36

37 Trade payables 46.5 44.8 50.0 46.1 50.4 51.2 43.5 38.6 44.7 48.2 37

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

39 Miscellaneous liabilities 1029.0 1154.4 1236.7 1351.3 1659.0 1850.9 2058.7 2373.6 2464.0 3084.0 39

40 U.S. equity in IBRD, etc. 27.4 29.2 30.8 32.4 33.9 35.4 37.1 38.6 40.0 42.0 40

41 Nonofficial foreign currencies 2.3 2.1 2.1 1.9 2.6 2.6 2.5 2.6 2.8 2.8 41

42 U.S. direct investment abroad (1,2) 885.5 989.8 1068.1 1196.0 1414.4 1531.6 1693.1 1867.0 2054.5 2498.5 42

43 Other 113.8 133.2 135.7 120.9 208.3 281.4 325.9 465.4 366.8 540.8 43

 Memo:

44 Market value of foreign equities 790.6 1006.1 1207.8 1514.9 2045.7 1849.1 1535.1 1282.3 1891.6 2560.4 44

 held by U.S. residents (3)

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

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

(3) Includes American Depositary Receipts (ADRs).
FFA, 1995-2004, March 11, 2010 61

L.108 Monetary Authority (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 471.9 495.2 534.0 566.8 696.9 635.9 683.0 753.6 796.8 841.3 1

 2 Gold and foreign exchange 32.1 30.2 28.0 30.7 27.1 26.6 25.5 27.9 30.8 32.3 2

 3 SDR certificates 10.2 9.7 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 3

 4 Treasury currency 24.0 25.0 25.5 26.3 28.0 31.6 33.0 34.6 35.5 36.4 4

 5 Federal Reserve float 0.1 4.3 0.7 1.6 -0.2 0.9 -0.0 0.4 -0.3 0.9 5

 6 Federal Reserve loans to domestic banks 0.1 0.1 2.0 0.0 0.2 0.1 0.0 0.0 0.1 0.0 6

 7 Discount window (2) 0.1 0.1 2.0 0.0 0.2 0.1 0.0 0.0 0.1 0.0 7

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

 9 Security RPs 13.9 21.6 23.8 30.4 140.6 43.4 50.3 39.5 43.8 33.0 9

10 Credit market instruments 380.8 393.1 431.4 452.5 478.1 511.8 551.7 629.4 666.7 717.8 10

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

12 Treasury securities 378.2 390.9 430.7 452.1 478.0 511.7 551.7 629.4 666.7 717.8 12

13 Agency- and GSE-backed securities 2.6 2.2 0.7 0.3 0.2 0.1 0.0 0.0 0.0 0.0 13

14 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

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

17 Brokers and dealers (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations (CPFF) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Corporate equities (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 10.7 11.2 13.2 16.1 16.8 19.3 20.3 19.6 18.2 18.6 24

25 Nonofficial foreign currencies (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Other 10.7 11.2 13.2 16.1 16.8 19.3 20.3 19.6 18.2 18.6 26

27 Total liabilities 467.9 490.7 528.8 560.9 690.4 629.1 675.6 745.3 788.0 829.6 27

28 Depository institution reserves 29.6 24.5 30.8 26.3 24.0 19.0 17.5 22.5 23.1 24.0 28

29 Vault cash of commercial banks 40.6 45.2 45.0 42.1 66.6 44.4 47.3 47.8 48.0 41.5 29

30 Checkable deposits and currency 391.2 414.4 444.3 483.3 591.5 556.4 603.8 645.7 683.0 720.8 30

31 Due to federal government 6.2 8.0 5.7 6.2 28.5 5.6 7.1 4.8 6.0 6.2 31

32 Treasury cash holdings 0.3 0.2 0.2 0.1 0.1 0.5 0.4 0.4 0.3 0.3 32

33 Treasury general deposit account 6.0 7.7 5.4 6.1 28.4 5.1 6.6 4.4 5.7 5.9 33

34 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Due to rest of the world 0.4 0.2 0.5 0.2 0.1 0.2 0.1 0.1 0.2 0.1 35

36 Due to government-sponsored enterprises 0.8 0.8 0.8 1.5 1.1 1.2 0.7 1.1 0.6 1.1 36

37 Currency outside banks 383.7 405.5 437.3 475.4 561.8 549.3 596.0 639.7 676.2 713.3 37

38 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.1 25.7 30.8 38

39 Miscellaneous liabilities 6.6 6.6 8.7 9.2 8.3 9.3 7.0 8.1 8.3 12.5 39

40 Federal Reserve Bank stock 4.0 4.6 5.4 6.0 6.4 7.0 7.4 8.4 8.8 11.9 40

41 Other 2.6 2.0 3.2 3.3 1.9 2.3 -0.3 -0.2 -0.6 0.6 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, 1995-2004, March 11, 2010

L.109 Commercial Banking (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 4498.5 4716.5 5182.5 5638.7 5998.2 6708.6 7123.5 7683.2 8229.7 9057.8 1

 2 Vault cash 40.6 45.2 45.0 42.1 66.6 44.4 47.3 47.8 48.0 41.5 2

 3 Reserves at Federal Reserve 27.0 22.3 29.1 24.5 22.5 17.4 15.2 19.7 19.7 20.8 3

 4 Checkable deposits and currency 1.6 1.4 1.4 2.0 2.2 1.7 2.8 2.5 2.5 3.5 4

 5 Total bank credit 3604.6 3794.5 4144.5 4483.6 4788.5 5214.4 5426.8 5827.2 6239.6 6851.5 5

 6 Open market paper 5.7 6.5 2.7 1.1 1.4 1.5 0.0 0.0 0.0 0.0 6

 7 Treasury securities 278.7 261.8 270.1 214.1 228.9 184.5 162.7 205.8 132.1 107.8 7

 8 Agency- and GSE-backed securities 467.5 495.7 571.2 663.2 699.6 721.8 777.4 917.9 1000.3 1095.1 8

 9 Municipal securities 93.4 94.2 96.7 104.8 110.8 114.1 120.2 121.7 132.7 140.8 9

10 Corporate and foreign bonds 110.5 111.6 140.5 176.2 210.1 266.1 363.1 359.9 481.2 563.6 10

11 Bank loans n.e.c. 949.6 1041.7 1169.8 1316.4 1386.2 1513.1 1439.8 1360.0 1335.1 1410.1 11

12 Mortgages 1090.2 1145.4 1245.3 1337.0 1495.4 1660.1 1789.8 2058.3 2255.8 2595.6 12

13 Consumer credit 502.3 527.5 515.1 512.0 507.8 551.1 568.4 602.6 669.4 704.3 13

14 Security credit 99.5 100.8 122.5 142.8 124.8 175.2 175.2 177.9 200.9 195.8 14

15 Corporate equities 5.0 6.8 2.6 6.8 11.3 11.9 8.9 3.5 15.0 20.3 15

16 Mutual fund shares 2.3 2.6 8.1 9.1 12.4 15.0 21.3 19.6 17.1 18.1 16

17 Customers’ liab. on acceptances (2) 22.3 23.4 20.6 11.3 8.2 7.5 4.6 4.6 4.4 4.0 17

18 Miscellaneous assets 802.4 829.8 941.9 1075.2 1110.2 1423.2 1626.8 1781.4 1915.7 2136.4 18

19 Total liabilities 4299.3 4509.9 4995.6 5401.4 5691.2 6032.0 6396.8 6960.7 7382.1 8099.3 19

20 Net interbank liabilities 220.6 171.1 143.6 121.1 114.9 157.8 126.6 135.0 122.0 146.7 20

21 To monetary authority 0.2 4.4 2.8 1.7 -0.0 1.0 0.0 0.5 -0.3 1.0 21

22 To domestic banks (3) -8.9 -10.6 -32.1 -26.5 -25.3 -4.3 11.1 14.8 12.7 27.4 22

23 To foreign banks 229.3 177.3 173.0 145.9 140.3 161.1 115.5 119.7 109.6 118.3 23

24 Checkable deposits 710.8 676.3 656.4 622.9 626.4 540.9 628.8 571.5 607.2 646.7 24

25 Federal government 19.0 28.7 27.8 13.2 49.6 16.4 47.5 31.1 30.2 26.9 25

26 Rest of the world 24.1 26.9 31.7 28.6 28.7 30.7 25.8 25.2 4.1 13.2 26

27 Private domestic 667.7 620.7 597.0 581.1 548.1 493.8 555.5 515.3 573.0 606.6 27

28 Small time and savings deposits 1490.1 1612.2 1760.4 1944.1 2016.0 2227.7 2477.1 2746.5 2978.2 3258.7 28

29 Large time deposits 387.8 493.1 601.0 673.1 792.6 885.4 918.1 915.3 928.1 1120.6 29

30 Federal funds and security RPs (net) 388.1 426.8 495.9 535.8 605.6 645.1 591.3 676.3 714.3 727.4 30

31 Credit market instruments 250.6 263.6 309.2 382.1 449.3 509.3 562.1 611.8 660.4 738.7 31

32 Open market paper 52.8 55.7 58.5 56.9 63.1 63.6 55.4 52.9 46.6 57.2 32

33 Corporate bonds 161.1 168.9 192.6 220.2 240.6 273.2 310.2 332.2 378.4 437.4 33

34 Other loans and advances 36.7 39.0 58.1 104.9 145.6 172.4 196.6 226.8 235.3 244.1 34

35 Taxes payable (net) -1.6 0.9 5.7 7.9 10.9 20.1 22.9 33.8 35.1 33.6 35

36 Miscellaneous liabilities 852.8 866.1 1023.4 1114.4 1075.5 1045.7 1069.8 1270.4 1336.9 1426.8 36

 Memo:

37 Credit market funds advanced (4) 3520.1 3707.7 4031.9 4336.1 4648.3 5019.8 5226.0 5630.8 6010.9 6621.2 37

38 Consumer leases not included above (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1995-2004, March 11, 2010 63

L.110 U.S.-Chartered Commercial Banks

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 3321.8 3444.5 3742.3 4080.7 4434.3 4998.6 5290.2 5759.2 6216.0 6865.1 1

 2 Vault cash and reserves at Federal Reserve 66.7 66.3 71.2 65.5 87.6 61.3 61.9 66.3 66.8 61.6 2

 3 Total bank credit 3116.3 3231.5 3512.2 3844.6 4164.5 4528.8 4734.1 5118.1 5527.0 6118.0 3

 4 Open market paper 3.9 4.2 2.3 0.8 0.7 0.9 0.0 0.0 0.0 0.0 4

 5 Treasury securities 207.6 173.0 166.8 124.8 122.8 87.9 56.5 86.4 93.5 74.2 5

 6 Agency- and GSE-backed securities 421.5 436.7 497.2 578.9 608.3 626.5 700.2 821.3 906.4 996.1 6

 7 Mortgage pass-through securities 195.1 216.6 247.7 301.5 283.7 297.8 350.6 434.9 491.4 581.7 7

 8 CMOs and other structured MBS 101.0 89.5 107.0 115.9 120.9 111.0 168.2 159.1 161.5 156.7 8

 9 Other 125.3 130.7 142.4 161.5 203.8 217.6 181.4 227.4 253.5 257.7 9

10 Municipal securities 92.7 93.7 96.1 104.4 110.2 113.4 119.7 121.2 132.1 140.4 10

11 Corporate and foreign bonds 68.9 64.1 83.3 113.6 151.3 201.4 265.1 264.3 305.8 364.6 11

12 Private mortgage pass-through securities 4.5 4.2 3.0 3.9 4.5 4.1 25.3 12.0 12.2 18.9 12

13 Private CMOs and other structured MBS 24.9 21.8 22.5 42.8 48.8 56.5 59.3 67.4 92.6 108.0 13

14 Other 39.5 38.2 57.9 66.9 98.1 140.8 180.5 185.0 201.0 237.7 14

15 Bank loans n.e.c. 701.6 759.8 867.9 1013.5 1106.8 1218.9 1159.3 1101.5 1083.0 1150.5 15

16 Mortgages 1045.4 1102.9 1208.4 1304.3 1465.4 1627.0 1752.8 2018.5 2213.3 2547.3 16

17 Consumer credit 502.3 527.5 515.1 512.0 507.8 551.1 568.4 602.6 669.4 704.3 17

18 Security credit 65.1 60.2 64.4 76.3 67.6 74.7 81.9 79.2 91.4 102.2 18

19 Corporate equities 5.0 6.8 2.6 6.8 11.3 11.9 8.9 3.5 15.0 20.3 19

20 Mutual fund shares 2.3 2.6 8.1 9.1 12.4 15.0 21.3 19.6 17.1 18.1 20

21 Customers’ liab. on acceptances (1) 12.3 13.9 13.7 9.1 6.6 5.9 3.6 3.9 3.8 3.3 21

22 Miscellaneous assets 126.6 132.8 145.2 161.5 175.6 402.7 490.6 570.8 618.4 682.2 22

23 Total liabilities 3423.6 3561.3 3902.4 4248.9 4543.2 4794.5 5081.8 5578.7 5939.6 6663.3 23

24 Net interbank liabilities 54.5 0.4 3.0 25.3 60.0 137.5 138.2 192.6 184.6 274.4 24

25 Federal Reserve float 0.1 4.3 0.7 1.6 -0.2 0.9 -0.0 0.4 -0.3 0.9 25

26 Borrowing from Federal Reserve banks 0.1 0.1 2.0 0.0 0.2 0.1 0.0 0.0 0.1 0.0 26

27 To domestic banks -19.9 -41.8 -50.2 -50.8 -64.1 -33.0 -17.7 0.3 -53.1 -20.3 27

28 To foreign banks 74.1 37.8 50.4 74.4 124.1 169.5 155.9 191.8 238.0 293.8 28

29 Checkable deposits 695.8 661.4 640.3 605.8 608.7 523.7 608.2 552.7 585.8 624.5 29

30 Federal government 19.0 28.7 27.8 13.2 49.6 16.4 47.5 31.1 30.2 26.9 30

31 Rest of the world 18.1 21.6 26.0 23.2 22.7 25.1 22.6 22.3 1.5 11.2 31

32 Private domestic 658.6 611.1 586.5 569.4 536.4 482.3 538.2 499.3 554.1 586.4 32

33 Small time and savings deposits 1471.3 1593.1 1737.0 1923.4 1996.3 2206.9 2447.3 2720.9 2950.5 3230.2 33

34 Large time deposits 256.5 306.1 369.3 404.1 465.7 553.6 528.4 552.7 555.7 671.3 34

35 Federal funds and security RPs (net) 345.5 371.9 415.3 435.1 522.5 511.4 468.7 511.8 554.5 569.1 35

36 Acceptance liabilities 12.3 14.0 13.7 9.1 6.6 6.0 3.7 3.9 3.8 3.4 36

37 Corporate bonds 43.3 50.9 61.6 72.1 75.8 86.4 94.7 94.1 98.9 109.3 37

38 Other loans and advances 36.7 39.0 58.1 104.9 145.6 172.4 196.6 226.8 235.3 244.1 38

39 Taxes payable (net) -1.6 0.9 5.7 7.9 10.9 20.1 22.9 33.8 35.1 33.6 39

40 Miscellaneous liabilities 509.4 523.7 598.4 661.1 651.1 576.5 573.0 689.5 735.4 903.4 40

41 Investment by bank holding companies 344.3 372.9 413.6 469.0 471.9 525.4 586.1 639.2 689.8 857.0 41

42 Other 165.1 150.8 184.8 192.2 179.3 51.0 -13.1 50.2 45.7 46.4 42

 Memo:

43 Credit market funds advanced (2) 3056.1 3175.8 3450.7 3761.4 4080.0 4433.0 4625.6 5019.8 5407.3 5980.7 43

44 Consumer leases not included above (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1995-2004, March 11, 2010

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 670.9 720.9 819.1 816.5 763.5 804.8 810.7 823.0 777.0 664.1 1

 2 Reserves at Federal Reserve 0.8 1.1 2.9 1.0 1.4 0.5 0.6 1.2 0.9 0.7 2

 3 Total bank credit 436.9 507.0 567.2 568.7 543.0 610.2 603.0 615.0 599.2 606.3 3

 4 Open market paper 1.7 2.3 0.4 0.3 0.6 0.6 0.0 0.0 0.0 0.0 4

 5 Treasury securities 62.3 80.7 95.1 84.8 94.5 94.0 103.8 116.7 33.4 27.7 5

 6 Agency- and GSE-backed securities 37.3 49.7 62.2 67.4 72.4 72.7 50.7 61.6 53.3 51.8 6

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

 8 Corporate and foreign bonds 33.5 36.6 41.3 46.9 42.4 50.7 81.3 81.6 159.8 182.2 8

 9 Bank loans n.e.c. 232.6 264.8 284.0 282.4 260.0 274.6 256.1 237.5 225.7 234.0 9

10 Mortgages 35.1 32.2 26.1 20.4 15.9 17.1 17.9 19.0 17.5 16.9 10

11 Security credit 34.4 40.6 58.0 66.5 57.2 100.5 93.3 98.7 109.5 93.7 11

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

13 Customers’ liab. on acceptances (2) 10.1 9.4 6.9 2.2 1.6 1.6 1.0 0.6 0.6 0.7 13

14 Miscellaneous assets 223.1 203.3 242.1 244.5 217.4 192.6 206.0 206.1 176.3 56.4 14

15 Total liabilities 681.3 731.9 830.8 828.8 776.4 818.4 824.9 837.8 792.4 680.3 15

16 Net interbank liabilities 181.0 178.6 148.2 93.2 48.2 7.4 -9.3 -52.2 -68.9 -135.7 16

17 To foreign banks 173.6 162.1 144.4 92.7 41.5 -15.5 -50.9 -83.1 -95.3 -167.9 17

18 To domestic banks 7.5 16.5 3.8 0.4 6.7 22.9 41.6 30.9 26.4 32.2 18

19 Checkable deposits 8.7 8.0 8.8 8.6 9.1 8.7 9.1 8.4 9.5 8.7 19

20 Small time and savings deposits 8.5 8.7 13.1 9.4 7.5 7.2 11.6 9.4 10.2 9.5 20

21 Large time deposits 121.0 176.6 221.3 257.6 314.8 318.2 371.5 346.4 354.9 430.3 21

22 Federal funds and security RPs (net) 43.2 55.1 80.7 100.4 82.5 134.8 123.9 163.4 157.7 157.5 22

23 Acceptance liabilities 10.4 9.6 7.2 2.4 2.0 2.0 1.1 0.7 0.6 0.7 23

24 Miscellaneous liabilities 308.5 295.2 351.5 357.3 312.2 340.1 316.9 361.8 328.4 209.2 24

25 Foreign direct investment in U.S. 32.7 30.3 38.8 46.1 62.0 64.2 67.2 73.3 85.2 122.7 25

26 Due to affiliates 50.7 64.5 78.8 90.6 93.0 138.7 108.7 127.3 134.7 167.7 26

27 Other 225.1 200.5 233.9 220.6 157.2 137.2 141.0 161.2 108.5 -81.2 27

 Memo:

28 Credit market funds advanced (3) 412.6 475.8 516.1 504.5 487.4 511.3 510.7 516.9 490.3 513.3 28

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

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

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
FFA, 1995-2004, March 11, 2010 65

L.112 Bank Holding Companies

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 466.8 510.8 575.3 685.9 741.2 841.9 942.4 1025.8 1153.1 1429.0 1

 2 Credit market instruments 18.0 22.0 27.4 26.5 32.7 20.5 24.7 27.8 36.4 36.4 2

 3 Treasury securities 3.4 4.0 4.0 0.9 8.8 0.8 1.2 1.3 2.7 2.0 3

 4 Agency- and GSE-backed securities 4.7 4.9 5.5 6.6 5.4 4.8 6.2 10.7 11.6 13.5 4

 5 Corporate and foreign bonds 7.7 10.5 15.5 14.8 15.9 13.2 15.3 12.9 14.2 15.5 5

 6 Bank loans n.e.c. 2.3 2.5 2.4 4.1 2.6 1.6 1.9 2.9 7.9 5.3 6

 7 Miscellaneous assets 448.7 488.9 547.9 659.5 708.5 821.4 917.8 998.1 1116.7 1392.6 7

 8 Investment in bank subsidiaries 344.3 372.9 413.6 469.0 471.9 525.4 586.1 639.2 689.8 857.0 8

 9 Investment in nonbank subsidiaries 64.7 64.9 89.9 134.0 151.3 189.7 219.5 219.3 265.0 341.3 9

10 Other 39.8 51.1 44.4 56.5 85.4 106.3 112.2 139.5 161.9 194.4 10

11 Total liabilities 157.1 178.3 218.8 270.6 314.6 358.7 413.4 473.1 571.5 661.7 11

12 Net interbank liabilities -14.9 -7.9 -7.6 2.7 6.7 12.9 -2.3 -5.3 6.3 8.0 12

13 To domestic banks 3.5 14.7 14.3 23.9 32.1 5.8 -12.8 -16.4 39.4 15.5 13

14 To foreign banks -18.5 -22.6 -21.9 -21.3 -25.4 7.1 10.4 11.1 -33.1 -7.5 14

15 Federal funds and security RPs (net) -0.5 -0.2 -0.2 0.4 0.5 -1.1 -1.2 1.2 2.1 0.8 15

16 Credit market instruments 148.0 150.0 168.6 193.5 219.3 242.5 266.1 286.4 321.8 381.3 16

17 Commercial paper 30.1 32.0 37.6 45.4 54.5 55.7 50.6 48.3 42.3 53.1 17

18 Corporate bonds 117.9 118.0 131.0 148.1 164.8 186.8 215.5 238.1 279.5 328.2 18

19 Miscellaneous liabilities 24.6 36.3 57.9 74.1 88.1 104.4 150.8 190.9 241.4 271.6 19

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

Billions of dollars

 1 Total financial assets 39.0 40.3 45.8 55.5 59.2 63.3 80.2 75.2 83.6 99.5 1

 2 Checkable deposits and currency 1.6 1.4 1.4 2.0 2.2 1.7 2.8 2.5 2.5 3.5 2

 3 Credit market instruments 33.4 34.1 37.8 43.8 48.3 55.0 65.0 66.3 76.9 90.8 3

 4 Treasury securities 5.4 4.1 4.2 3.6 2.8 1.8 1.2 1.5 2.5 3.8 4

 5 Agency- and GSE-backed securities 4.0 4.3 6.3 10.2 13.5 17.8 20.3 24.2 28.9 33.6 5

 6 Municipal securities 0.7 0.5 0.5 0.5 0.6 0.7 0.5 0.5 0.6 0.3 6

 7 Corporate and foreign bonds 0.4 0.3 0.4 1.0 0.5 0.8 1.4 1.1 1.4 1.3 7

 8 Bank loans n.e.c. 13.1 14.6 15.5 16.3 16.9 18.0 22.5 18.2 18.5 20.3 8

 9 Home mortgages 5.7 6.3 6.4 7.5 8.1 9.1 8.2 9.7 12.2 15.6 9

10 Commercial mortgages 4.0 3.9 4.4 4.8 6.0 6.8 11.0 11.2 12.8 15.9 10

11 Miscellaneous assets 4.0 4.8 6.6 9.7 8.7 6.6 12.5 6.4 4.3 5.2 11

12 Total liabilities 37.2 38.6 43.7 53.1 56.9 60.4 76.8 71.1 78.6 94.0 12

13 Checkable deposits 6.4 6.9 7.3 8.5 8.5 8.4 11.5 10.4 11.9 13.5 13

14 Small time and savings deposits 10.2 10.4 10.4 11.4 12.2 13.6 18.1 16.2 17.5 19.0 14

15 Large time deposits 10.2 10.4 10.4 11.4 12.2 13.6 18.1 16.2 17.5 19.0 15

16 Miscellaneous liabilities 10.3 10.9 15.6 21.9 24.1 24.8 29.0 28.3 31.7 42.5 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, 1995-2004, March 11, 2010

L.114 Savings Institutions (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1012.8 1031.7 1028.6 1088.6 1150.5 1217.7 1291.4 1349.5 1465.9 1649.6 1

 2 Reserves at Federal Reserve 2.6 2.3 1.7 1.8 1.6 1.6 2.3 2.8 3.4 3.3 2

 3 Checkable deposits and currency 15.6 14.2 15.2 18.5 20.6 19.0 21.0 24.8 24.8 21.3 3

 4 Time and savings deposits 1.1 1.4 1.0 1.5 1.3 1.4 2.2 2.6 2.6 3.2 4

 5 Federal funds and security RPs 11.2 10.0 9.2 14.8 10.6 14.9 20.3 20.0 12.3 9.1 5

 6 Credit market instruments 913.3 933.2 928.5 965.5 1032.6 1088.8 1133.5 1166.9 1294.2 1417.7 6

 7 Open market paper 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 18.4 17.4 14.6 10.2 10.1 8.7 11.4 9.2 12.2 8.4 8

 9 Agency- and GSE-backed securities 164.6 156.1 155.3 143.7 147.1 140.4 161.4 176.2 198.8 136.4 9

10 Mortgage pass-through securities 134.8 127.8 124.1 117.2 115.7 109.0 115.7 132.7 113.8 90.4 10

11 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.3 23.4 11

12 Other 29.8 28.3 31.2 26.5 31.4 31.4 45.7 43.5 60.6 22.7 12

13 Municipal securities 2.0 2.1 2.1 2.5 3.0 3.2 4.8 5.8 6.6 7.4 13

14 Corporate and foreign bonds 78.5 68.6 58.7 88.6 111.9 109.4 83.9 79.9 71.9 59.2 14

15 Private mortgage pass-through securities 24.7 21.0 15.1 13.2 18.4 19.0 13.2 10.6 10.7 8.2 15

16 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.7 40.5 16

17 Other 53.9 47.6 43.6 75.4 93.6 90.4 70.7 69.3 55.5 10.5 17

18 Other loans and advances 12.8 15.7 18.8 24.2 30.6 39.3 42.9 46.2 56.3 57.6 18

19 Mortgages 596.8 628.3 631.8 644.0 668.1 723.0 758.0 781.0 870.6 1057.4 19

20 Consumer credit 40.1 44.7 47.2 52.4 61.7 64.8 71.1 68.7 77.9 91.3 20

21 Corporate equities 14.3 17.8 23.3 24.5 23.8 24.2 27.9 29.1 30.4 28.2 21

22 Miscellaneous assets 54.7 52.9 49.7 62.1 60.0 67.6 84.2 103.3 98.1 166.7 22

23 Total liabilities 934.6 950.4 937.4 993.1 1054.7 1114.9 1181.3 1223.5 1329.8 1495.0 23

24 Deposits 727.9 721.3 695.7 693.1 699.1 726.6 773.2 839.9 924.8 990.2 24

25 Checkable 78.5 77.2 71.9 71.1 69.0 70.3 73.5 75.3 80.7 81.2 25

26 Small time and savings 569.4 557.7 525.7 508.3 507.9 514.3 530.9 551.8 599.0 584.5 26

27 Large time 80.1 86.4 98.1 113.7 122.2 142.1 168.8 212.9 245.1 324.5 27

28 Security RPs 44.5 43.7 41.8 51.3 72.7 53.1 56.9 41.6 60.9 63.3 28

29 Credit market instruments 115.0 140.5 160.3 212.4 260.4 301.3 301.2 278.1 313.4 404.8 29

30 Corporate bonds 3.1 2.7 2.8 2.6 2.7 6.3 3.6 3.4 5.1 7.6 30

31 Bank loans n.e.c. 14.6 15.9 19.4 29.7 14.0 35.0 38.5 43.0 59.0 87.9 31

32 Other loans and advances 97.4 121.9 138.0 180.1 243.7 260.0 259.1 231.7 249.3 309.3 32

33 Taxes payable 1.6 1.1 1.7 2.4 1.5 2.0 3.0 2.2 2.6 3.6 33

34 Miscellaneous liabilities 45.5 43.8 38.0 33.9 20.9 31.9 46.9 61.6 28.1 33.2 34

35 Investment by parent 4.5 4.7 5.0 8.2 9.3 11.1 13.0 13.2 15.6 19.0 35

36 Other 41.0 39.1 33.0 25.7 11.6 20.8 33.9 48.4 12.6 14.3 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
FFA, 1995-2004, March 11, 2010 67

L.115 Credit Unions

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 310.7 330.1 353.8 391.5 414.5 441.1 505.5 564.0 617.2 654.7 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 7.4 7.5 8.1 9.1 26.4 26.7 36.8 38.4 41.5 40.2 3

 4 Time and savings deposits 17.1 16.4 17.0 23.4 16.6 15.5 23.0 24.6 27.1 26.4 4

 5 Federal funds and security RPs (net) 6.4 1.4 3.5 6.8 9.3 4.0 2.5 1.7 1.6 4.1 5

 6 Credit market instruments 263.0 288.5 305.3 324.2 351.7 379.7 421.2 465.4 516.6 556.4 6

 7 Open market paper 0.6 0.3 0.2 0.4 1.9 1.2 2.4 1.5 0.7 0.8 7

 8 Treasury securities 18.3 17.4 15.6 13.1 9.6 8.2 7.4 7.5 8.8 8.9 8

 9 Agency- and GSE-backed securities 45.7 50.7 51.0 58.4 61.3 60.9 80.6 79.1 94.3 93.1 9

10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22.1 24.3 25.0 10

11 Other loans and advances 15.5 16.1 16.7 16.9 18.4 20.5 21.0 23.1 23.0 24.9 11

12 Home mortgages 51.0 59.9 69.4 80.0 92.6 104.4 120.3 136.4 159.6 188.3 12

13 Consumer credit 131.9 144.1 152.4 155.4 167.9 184.4 189.6 195.7 205.9 215.4 13

14 Mutual fund shares 2.8 2.6 2.4 3.6 2.5 2.2 3.7 3.5 4.1 3.1 14

15 Miscellaneous assets 13.9 13.7 17.6 24.3 8.0 12.9 18.3 30.4 26.3 24.5 15

16 Total liabilities 283.7 300.1 320.6 355.3 376.1 398.1 458.9 512.3 561.5 595.2 16

17 Shares/deposits 278.8 295.1 315.4 349.0 366.7 389.1 450.2 499.7 545.0 574.5 17

18 Checkable 30.9 32.5 36.6 43.0 45.4 51.3 54.7 60.5 66.5 74.1 18

19 Small time and savings 238.9 251.2 264.4 287.5 299.8 312.7 361.3 396.4 424.9 440.4 19

20 Large time 9.0 11.4 14.4 18.5 21.6 25.1 34.1 42.8 53.6 60.0 20

21 Other loans and advances 0.4 0.4 0.6 1.1 3.4 3.4 4.9 6.9 9.1 11.4 21

22 Miscellaneous liabilities 4.5 4.6 4.6 5.2 6.0 5.6 3.8 5.7 7.4 9.3 22

L.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Total financial assets 740.3 770.0 843.5 876.4 869.9 858.1 854.7 934.7 1059.3 1159.1 1

 2 Checkable deposits and currency 4.9 3.9 4.2 4.0 4.3 3.7 13.1 25.9 34.6 25.9 2

 3 Security RPs 37.5 35.4 35.2 42.7 28.3 38.3 30.2 44.4 52.8 63.1 3

 4 Credit market instruments 468.7 491.2 515.3 521.1 518.2 509.4 518.4 558.3 625.2 698.8 4

 5 Treasury securities 133.4 120.9 91.1 70.4 60.6 52.1 52.0 61.2 64.7 71.3 5

 6 Agency- and GSE-backed securities 48.2 51.0 70.8 69.7 75.5 84.1 94.2 113.2 115.4 112.1 6

 7 Municipal securities 161.0 175.4 191.6 208.1 199.0 184.1 173.8 183.0 224.2 267.8 7

 8 Corporate and foreign bonds 123.3 141.6 159.5 171.1 181.1 187.5 196.4 198.9 218.9 245.3 8

 9 Commercial mortgages 2.8 2.4 2.2 2.0 1.9 1.6 1.9 2.0 2.1 2.4 9

10 Corporate equities 133.5 147.5 184.3 197.9 205.2 191.4 171.0 149.4 178.4 196.6 10

11 Mutual fund shares 0.7 1.0 1.7 2.2 2.7 2.9 3.0 3.0 4.3 5.2 11

12 Trade receivables 57.3 57.2 59.9 61.5 63.6 64.6 69.9 74.8 79.3 79.6 12

13 Miscellaneous assets 37.8 33.6 42.8 47.0 47.8 47.9 49.3 79.0 84.6 89.9 13

14 Total liabilities 504.9 513.8 526.7 531.0 537.8 546.4 578.3 612.0 668.3 709.8 14

15 Taxes payable (net) 3.3 3.9 4.4 3.3 3.4 3.4 3.7 -3.7 1.0 1.5 15

16 Miscellaneous liabilities 501.6 509.9 522.3 527.7 534.4 543.0 574.6 615.7 667.2 708.3 16
68 FFA, 1995-2004, March 11, 2010

L.117 Life Insurance Companies

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 2063.6 2246.3 2514.8 2769.5 3067.9 3135.7 3224.6 3335.0 3772.8 4130.3 1

 2 Checkable deposits and currency 5.2 4.3 8.1 5.4 5.5 5.0 36.8 35.3 47.3 53.3 2

 3 Money market fund shares 22.8 61.9 92.8 110.4 131.8 142.3 173.3 159.8 151.4 120.7 3

 4 Credit market instruments 1587.5 1657.0 1751.1 1828.0 1886.0 1943.9 2074.8 2307.8 2488.3 2661.4 4

 5 Open market paper 45.5 48.4 65.9 73.4 75.8 71.2 59.3 74.0 55.9 48.2 5

 6 Treasury securities 108.1 93.2 85.5 71.3 62.8 58.1 53.7 78.5 71.8 78.5 6

 7 Agency- and GSE-backed securities 242.9 244.1 226.7 217.0 224.4 235.4 253.5 330.9 348.9 357.1 7

 8 Municipal securities 11.9 13.4 16.7 18.4 20.1 19.1 18.7 19.9 26.1 30.1 8

 9 Corporate and foreign bonds 867.0 946.2 1041.7 1124.4 1166.9 1214.8 1334.3 1440.0 1610.5 1756.3 9

10 Other loans and advances 99.0 103.6 107.9 109.9 105.4 109.3 112.2 114.4 114.2 117.8 10

11 Mortgages 213.1 208.2 206.8 213.6 230.8 235.9 243.0 250.0 260.9 273.3 11

12 Corporate equities 309.6 406.9 539.7 683.2 909.0 891.9 811.3 708.9 919.3 1053.9 12

13 Mutual fund shares 33.5 42.5 57.2 73.2 98.7 97.0 88.3 76.6 91.7 114.4 13

14 Miscellaneous assets 105.1 73.7 65.7 69.2 36.9 55.6 40.1 46.8 74.7 126.6 14

15 Total liabilities 1953.9 2115.6 2359.7 2599.7 2882.8 2942.8 3034.8 3140.4 3539.4 3869.7 15

16 Other loans and advances 0.5 1.6 1.8 2.5 3.2 2.5 3.1 5.1 8.0 11.1 16

17 Life insurance reserves 536.3 580.1 632.7 684.7 748.9 782.7 842.2 881.6 972.7 1018.8 17

18 Pension fund reserves (1) 890.6 974.0 1116.3 1288.4 1478.4 1526.3 1558.5 1604.9 1803.2 2027.9 18

19 Taxes payable (net) 12.0 12.5 -1.6 -0.1 0.5 0.1 -0.3 -7.7 -5.8 -2.7 19

20 Miscellaneous liabilities 514.5 547.4 610.5 624.2 651.8 631.2 631.2 656.5 761.3 814.7 20

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

L.118 Private Pension Funds (1)

Billions of dollars

 1 Total financial assets 2898.8 3224.4 3712.9 4143.9 4593.8 4467.5 4049.4 3675.3 4519.8 4922.4 1

 2 Checkable deposits and currency 4.9 5.6 7.0 6.1 7.4 10.8 9.9 10.2 10.4 10.5 2

 3 Time and savings deposits 110.2 119.1 130.1 159.9 120.6 97.7 61.3 57.5 60.7 55.9 3

 4 Money market fund shares 37.9 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 4

 5 Security RPs 22.4 27.3 28.5 29.7 31.6 26.5 17.7 18.3 20.3 20.6 5

 6 Credit market instruments 608.4 602.3 646.8 639.7 746.9 621.9 587.0 581.7 653.5 654.6 6

 7 Open market paper 24.8 30.8 32.3 35.5 41.4 35.3 27.0 30.7 27.5 28.5 7

 8 Treasury securities 120.8 116.0 118.0 104.8 121.5 111.6 105.2 103.6 116.9 113.0 8

 9 Agency- and GSE-backed securities 213.1 201.8 207.9 190.7 230.3 197.4 202.5 182.9 223.5 235.3 9

10 Corporate and foreign bonds 241.1 244.5 278.5 298.9 341.9 265.7 242.5 254.1 275.3 267.8 10

11 Mortgages 8.6 9.3 10.1 9.9 11.7 11.9 9.8 10.3 10.2 10.0 11

12 Corporate equities 1256.8 1403.1 1603.7 1869.2 1966.2 1970.6 1908.6 1588.6 2096.6 2338.5 12

13 Mutual fund shares 357.0 472.7 660.1 790.0 1056.5 1131.6 962.9 931.9 1126.9 1278.2 13

14 Miscellaneous assets 501.2 545.2 574.2 584.5 587.6 527.3 426.8 402.7 467.3 479.2 14

15 Unallocated insurance contracts (2) 322.2 341.0 351.7 344.3 346.0 308.2 275.8 249.6 317.0 328.4 15

16 Contributions receivable 83.8 89.2 97.6 110.5 92.1 73.0 48.4 49.9 49.8 46.6 16

17 Other 95.3 115.1 124.9 129.7 149.5 146.2 102.6 103.2 100.5 104.1 17

18 Pension fund reserves (liabilities) (3) 2939.4 3268.5 3759.9 4198.1 4651.5 4508.1 4095.9 3717.3 4561.3 4963.0 18

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

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

(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
FFA, 1995-2004, March 11, 2010 69

L.119 State and Local Government Employee Retirement Funds

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1327.1 1509.2 1794.5 2030.6 2325.8 2293.1 2206.6 1930.5 2349.2 2577.5 1

 2 Checkable deposits and currency 4.2 7.5 5.3 10.0 9.2 9.9 11.4 12.9 13.7 16.3 2

 3 Time and savings deposits 4.5 2.3 2.4 2.0 1.7 1.6 1.8 1.7 0.8 1.4 3

 4 Money market fund shares 5.9 7.6 9.6 9.9 11.8 13.2 15.4 15.5 13.4 11.6 4

 5 Security RPs 31.5 28.2 28.6 37.5 40.4 39.8 34.0 27.1 23.4 20.2 5

 6 Credit market instruments 509.8 538.4 598.3 661.5 707.0 743.2 689.4 638.7 657.5 675.3 6

 7 Open market paper 31.5 28.2 28.6 37.5 40.4 47.3 51.3 48.0 41.6 35.2 7

 8 Treasury securities 208.2 212.8 219.0 212.6 198.8 179.1 155.1 158.9 148.6 151.0 8

 9 Agency- and GSE-backed securities 63.1 68.6 87.0 106.1 129.0 178.9 180.7 192.6 235.1 258.8 9

10 Municipal securities 1.8 0.6 1.5 3.3 3.0 1.7 1.7 0.9 4.4 1.8 10

11 Corporate and foreign bonds 189.2 211.4 244.5 279.6 310.0 314.2 279.7 217.3 207.4 213.5 11

12 Mortgages 15.9 16.7 17.6 22.4 25.7 22.1 21.0 21.1 20.4 15.1 12

13 Corporate equities 703.5 846.6 1051.3 1188.1 1407.7 1298.7 1260.4 1056.8 1421.0 1600.9 13

14 Mutual fund shares 62.9 73.2 93.4 115.9 140.9 178.3 184.3 167.4 207.9 235.9 14

15 Miscellaneous assets 4.8 5.5 5.6 5.8 7.1 8.2 10.0 10.4 11.3 15.9 15

16 Pension fund reserves (liabilities) (1) 1354.0 1538.3 1825.4 2062.9 2360.2 2340.3 2250.3 1973.4 2396.0 2621.3 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 541.1 605.8 659.1 716.0 774.0 796.7 859.7 893.8 958.5 1023.3 1

 2 Credit market instruments 23.3 25.6 27.5 30.2 33.1 35.1 44.8 57.6 63.6 68.2 2

 3 Treasury securities 22.2 24.4 26.1 28.5 31.4 33.4 40.6 50.2 55.3 60.7 3

 4 Agency- and GSE-backed securities 0.6 0.7 0.7 1.0 0.9 1.0 2.6 4.6 5.1 4.6 4

 5 Corporate and foreign bonds 0.5 0.5 0.6 0.7 0.7 0.7 1.6 2.8 3.2 3.0 5

 6 Corporate equities 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.2 6

 7 Miscellaneous assets (2) 506.3 561.4 601.7 642.9 684.0 704.9 765.8 790.3 815.0 855.9 7

 8 Pension fund reserves (liabilities) (3) 541.1 605.8 659.1 716.0 774.0 796.7 859.7 893.8 958.5 1023.3 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, 1995-2004, March 11, 2010

L.121 Money Market Mutual Funds (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 741.3 886.7 1042.5 1327.9 1579.6 1812.1 2240.6 2223.9 2016.4 1879.8 1

 2 Foreign deposits 19.7 23.1 23.2 30.1 41.1 87.2 115.0 108.1 71.5 78.5 2

 3 Checkable deposits and currency -3.5 -1.1 1.5 -1.0 -3.3 1.5 5.4 -1.4 -2.1 0.6 3

 4 Time and savings deposits 52.3 82.7 111.3 123.9 155.4 154.8 244.0 220.2 166.8 167.2 4

 5 Security RPs 87.8 103.8 126.6 138.8 140.5 182.8 226.2 273.4 252.6 234.0 5

 6 Credit market instruments 545.5 634.3 721.9 970.5 1155.3 1317.5 1584.9 1567.1 1471.3 1346.3 6

 7 Open market paper 235.5 273.9 336.0 415.1 525.3 620.4 623.7 585.2 459.9 405.8 7

 8 Treasury securities 70.0 90.2 86.2 107.9 103.8 91.6 137.5 142.2 132.1 98.2 8

 9 Agency- and GSE-backed securities 90.8 101.8 96.3 172.4 191.1 182.9 324.4 333.1 328.6 267.5 9

10 Municipal securities 127.7 144.5 167.0 192.8 210.4 242.5 276.7 278.5 292.1 313.8 10

11 Corporate and foreign bonds 21.5 23.9 36.4 82.2 124.8 180.2 222.5 228.1 258.7 261.0 11

12 Miscellaneous assets 39.4 43.8 58.1 65.7 90.6 68.3 65.1 56.5 56.2 53.3 12

13 Total shares outstanding (liabilities) 741.3 886.7 1042.5 1327.9 1579.6 1812.1 2240.6 2223.9 2016.4 1879.8 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 1852.8 2342.4 2989.4 3613.1 4538.5 4433.1 4135.4 3638.4 4654.2 5436.3 1

 2 Security RPs 50.2 47.5 57.8 70.9 80.8 99.6 70.7 81.6 94.5 112.6 2

 3 Credit market instruments 771.3 820.2 901.1 1028.4 1076.8 1103.1 1229.7 1368.4 1506.4 1623.0 3

 4 Open market paper 50.2 47.2 57.8 70.9 80.8 99.6 70.7 63.1 76.2 94.2 4

 5 Treasury securities 143.8 125.8 136.4 141.0 117.3 127.4 117.6 134.8 144.2 149.0 5

 6 Agency- and GSE-backed securities 171.3 204.4 213.3 234.9 271.1 283.7 368.3 422.4 447.5 462.7 6

 7 Municipal securities 210.2 213.3 219.8 242.6 239.4 230.4 253.0 277.3 290.2 294.3 7

 8 Corporate and foreign bonds 185.5 218.5 259.4 322.0 348.2 337.7 403.1 453.4 532.0 596.8 8

 9 Other loans and advances 10.2 11.0 14.4 17.1 19.9 24.3 17.0 17.5 16.4 26.0 9

10 Corporate equities 1024.9 1470.0 2018.7 2506.2 3376.7 3226.9 2834.0 2187.4 3051.3 3693.6 10

11 Miscellaneous assets 6.3 4.7 11.8 7.7 4.2 3.5 0.9 0.9 2.0 7.0 11

12 Total shares outstanding (liabilities) 1852.8 2342.4 2989.4 3613.1 4538.5 4433.1 4135.4 3638.4 4654.2 5436.3 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Total financial assets 136.4 144.4 145.9 148.8 152.1 141.9 139.5 150.8 205.6 245.9 1

 2 Credit market instruments 94.5 97.4 96.3 101.2 110.8 105.3 108.5 117.1 152.6 163.6 2

 3 Treasury securities 11.1 11.2 9.8 8.8 7.6 6.7 6.7 3.9 4.6 6.8 3

 4 Municipal securities 58.2 59.1 59.4 60.7 69.7 67.7 74.7 86.0 89.3 89.1 4

 5 Corporate and foreign bonds 25.2 27.1 27.1 31.8 33.5 30.9 27.1 27.1 58.8 67.6 5

 6 Corporate equities 41.9 47.0 49.6 47.6 41.3 36.6 31.1 33.7 53.0 82.3 6

 7 Total shares outstanding (liabilities) 136.4 144.4 145.9 148.8 152.1 141.9 139.5 150.8 205.6 245.9 7

 Exchange-traded funds

 8 Total financial assets 1.1 2.4 6.7 15.6 33.9 65.6 83.0 102.0 150.8 227.3 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 4.5 8.2 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 2.1 4.9 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 2.4 3.3 12

13 Corporate equities 1.1 2.4 6.7 15.6 33.9 65.6 83.0 98.2 146.3 219.0 13

14 Total shares outstanding (liabilities) 1.1 2.4 6.7 15.6 33.9 65.6 83.0 102.0 150.8 227.3 14
FFA, 1995-2004, March 11, 2010 71

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 897.4 989.2 1100.8 1405.8 1723.2 1965.0 2309.4 2549.4 2794.4 2882.9 1

 2 Checkable deposits and currency 1.5 0.8 2.1 5.0 12.1 4.4 6.7 14.8 28.8 39.1 2

 3 Time and savings deposits 0.0 0.0 6.4 4.7 10.0 22.2 30.3 25.3 16.7 23.3 3

 4 Federal funds and security RPs (net) 106.3 94.5 90.4 77.0 89.7 80.6 104.4 95.3 75.3 93.6 4

 5 Credit market instruments 762.8 833.8 934.2 1251.5 1538.8 1794.4 2099.1 2323.2 2564.2 2613.0 5

 6 Open market paper 25.5 35.1 27.6 56.2 23.9 31.1 33.8 10.4 6.7 5.8 6

 7 Treasury securities 58.0 18.8 25.9 25.2 30.9 13.3 13.6 25.7 13.5 12.9 7

 8 Agency- and GSE-backed securities 190.8 256.6 324.2 482.7 655.6 810.9 1017.8 1149.5 1088.9 886.5 8

 9 Municipal securities 7.8 12.1 12.7 19.2 22.7 29.2 35.4 39.4 44.4 44.6 9

10 Corporate and foreign bonds 29.9 38.1 44.1 68.7 97.5 131.1 155.7 189.3 222.8 414.8 10

11 Other loans and advances 166.0 195.3 230.7 324.2 432.3 477.6 505.9 514.7 545.8 619.4 11

12 Sallie Mae 3.5 2.4 1.4 1.1 0.8 0.8 0.8 0.4 0.3 0.0 12

13 Farm Credit System 30.2 31.6 31.6 34.9 35.8 38.9 41.8 43.8 43.8 43.6 13

14 FHLB 132.3 161.4 197.8 288.2 395.7 437.9 463.3 470.5 501.7 575.8 14

15 Mortgages 250.4 244.1 239.4 247.0 242.0 264.3 297.5 357.3 621.5 629.0 15

16 Home 209.5 202.9 198.2 203.9 193.5 209.6 231.2 276.8 519.1 508.6 16

17 Multifamily residential 18.5 17.7 16.2 16.2 20.5 25.0 33.2 41.7 68.2 82.5 17

18 Farm 22.5 23.5 25.0 27.0 28.1 29.7 33.1 38.8 34.2 38.0 18

19 Consumer credit (2) 34.3 33.8 29.5 28.4 33.8 37.0 39.4 36.9 20.6 0.0 19

20 Miscellaneous assets 26.9 60.1 67.7 67.6 72.5 63.4 68.9 90.9 109.4 113.9 20

21 Total liabilities 872.1 963.1 1071.1 1371.0 1684.3 1923.5 2278.8 2538.8 2752.8 2819.9 21

22 Credit market instruments 807.0 897.4 996.5 1275.4 1594.2 1826.4 2130.6 2350.4 2601.3 2676.3 22

23 GSE issues (3) 807.0 897.4 996.5 1275.4 1594.2 1826.4 2130.6 2350.4 2601.3 2676.3 23

24 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Miscellaneous liabilities 65.1 65.7 74.6 95.6 90.1 97.0 148.2 188.4 151.5 143.7 25

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation.

 The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 1

 2 Home mortgages 1543.4 1678.8 1788.1 1970.2 2234.7 2425.6 2748.5 3063.7 3216.0 3256.3 2

 3 Multifamily residential mortgages 26.9 32.5 37.8 48.3 57.5 66.0 81.6 94.5 114.5 117.4 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.4 0.4 0.4 0.5 1.3 1.6 1.7 0.4 1.0 0.9 5

 6 Total pool securities (liabilities)(2) 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for

 agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
72 FFA, 1995-2004, March 11, 2010

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 662.9 772.3 907.5 1163.8 1320.5 1497.0 1751.7 1981.3 2217.4 2657.4 1

 2 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.1 0.5 0.9 2.8 8.0 2

 3 Agency- and GSE-backed securities (1) 127.4 122.8 102.1 126.8 167.8 176.4 211.4 286.5 369.0 363.4 3

 4 Other loans and advances 30.0 38.3 64.6 90.3 90.1 104.2 127.7 144.0 149.2 168.1 4

 5 Mortgages (2) 241.5 277.6 339.4 467.8 538.7 604.5 725.1 836.0 1009.3 1443.7 5

 6 Home 193.8 215.4 253.8 321.9 353.7 385.5 463.2 543.6 666.4 1048.6 6

 7 Multifamily residential 11.9 15.7 20.2 33.1 41.6 46.9 52.8 58.3 66.2 72.7 7

 8 Commercial 35.8 46.5 65.4 112.8 143.4 172.1 209.1 234.2 276.6 322.5 8

 9 Consumer credit 213.1 273.5 320.5 393.9 456.7 528.4 597.8 630.4 594.8 571.5 9

10 Trade credit 50.9 60.1 81.0 85.0 67.2 83.3 89.1 83.5 92.3 102.6 10

11 Total liabilities 666.4 781.0 918.3 1176.4 1330.3 1503.5 1758.6 1987.1 2222.9 2662.2 11

12 Commercial paper 101.2 146.7 256.1 381.8 520.8 645.8 607.8 566.1 530.0 526.1 12

13 Corporate bonds (net) (5) 565.1 634.3 662.2 794.6 809.5 857.7 1150.8 1421.0 1692.9 2136.1 13

 Memo:

 Securitized assets not included above

14 Consumer leases (3) 3.5 8.7 10.8 12.7 9.7 6.6 6.8 5.7 5.5 4.8 14

15 REIT assets (4) 7.6 7.4 11.1 13.9 11.5 10.0 6.7 14.8 30.3 89.9 15

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

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

 The leased automobile is a tangible asset.

(4) Included in table L.128.

(5) Liabilities net of assets.

L.127 Finance Companies (1)

Billions of dollars

 1 Total financial assets 705.4 757.9 799.3 859.5 1016.7 1212.9 1304.0 1445.6 1679.5 1858.0 1

 2 Checkable deposits and currency 16.3 19.0 18.6 19.6 21.2 23.7 23.0 25.2 27.1 26.3 2

 3 Time and savings deposits 16.3 19.0 22.7 24.0 31.7 35.6 42.8 46.8 63.2 61.3 3

 4 Credit market instruments 654.6 697.1 720.8 812.8 946.6 1101.9 1170.7 1292.5 1468.7 1675.9 4

 5 Corporate and foreign bonds 95.3 110.8 120.5 127.6 154.6 173.4 192.4 210.5 263.8 256.0 5

 6 Other loans and advances 301.6 304.7 304.1 340.9 395.1 456.2 440.2 444.0 441.7 451.5 6

 7 Mortgages 105.5 126.7 128.6 160.9 195.3 237.9 258.2 330.5 370.2 476.0 7

 8 Consumer credit 152.1 154.9 167.5 183.3 201.6 234.4 280.0 307.5 393.0 492.3 8

 9 Miscellaneous assets 18.2 22.9 37.3 3.1 17.2 51.7 67.5 81.1 120.5 94.5 9

10 Total liabilities 724.2 783.3 812.9 864.2 1012.7 1233.7 1299.7 1435.1 1674.9 1864.3 10

11 Credit market instruments 500.4 555.1 584.4 645.3 720.9 807.1 818.0 884.2 995.3 1129.6 11

12 Open market paper 168.6 178.0 202.6 233.3 230.4 240.1 162.4 147.8 145.1 175.3 12

13 Corporate bonds 300.0 336.8 341.5 365.6 430.3 503.3 571.3 635.3 743.2 817.4 13

14 Bank loans n.e.c. 31.8 40.3 40.3 46.3 60.1 63.8 84.3 101.1 106.9 136.9 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 4.9 5.7 6.5 7.3 8.1 9.1 10.2 11.6 13.2 15.0 16

17 Miscellaneous liabilities 218.9 222.6 222.0 211.6 283.7 417.6 471.5 539.2 666.4 719.6 17

18 Foreign direct investment in U.S. 7.5 8.9 5.5 8.0 9.9 9.3 12.9 14.5 30.7 21.8 18

19 Investment by parent 51.1 54.6 63.1 54.0 112.5 138.6 156.5 179.6 202.8 257.7 19

20 Other 160.4 159.1 153.4 149.6 161.3 269.7 302.1 345.2 432.9 440.1 20

 Memo:

21 Consumer leases not included above (2) 80.8 93.2 98.8 96.6 102.9 109.4 107.4 89.8 79.0 74.1 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
FFA, 1995-2004, March 11, 2010 73

L.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 33.3 38.2 64.3 70.7 68.2 64.9 75.8 100.5 134.9 251.3 1

 2 Checkable deposits and currency 0.0 2.2 3.3 4.1 4.4 4.4 5.5 5.4 9.2 12.2 2

 3 Credit market instruments 26.0 30.4 50.6 45.5 44.0 38.8 47.9 70.1 96.4 198.7 3

 4 Agency- and GSE-backed securities 9.0 12.2 21.2 13.1 11.4 12.0 20.3 31.8 28.9 44.7 4

 5 Corporate and foreign bonds 2.9 4.3 6.5 6.1 9.2 9.4 9.8 10.4 18.9 36.0 5

 6 Mortgages 14.1 13.8 22.9 26.3 23.4 17.4 17.8 28.0 48.7 118.1 6

 7 Home 6.9 8.0 14.0 14.8 11.2 7.8 8.5 18.7 37.1 102.9 7

 8 Multifamily residential 1.6 1.2 2.1 2.1 2.3 1.7 1.4 1.3 1.5 1.6 8

 9 Commercial 5.6 4.6 6.9 9.4 9.9 8.0 7.9 8.1 10.1 13.6 9

10 Miscellaneous assets 7.3 5.6 10.5 21.2 19.9 21.7 22.4 25.0 29.3 40.4 10

11 Total liabilities 62.2 79.4 139.0 205.6 215.8 217.9 231.0 275.4 314.6 460.8 11

12 Security RPs 10.9 13.7 24.9 15.1 14.9 12.4 21.6 36.2 41.6 70.3 12

13 Credit market instruments 44.6 56.5 96.1 158.8 164.8 167.6 171.4 198.4 230.7 340.1 13

14 Open market paper 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 15.5 16.8 31.6 53.4 61.7 64.6 69.2 83.3 107.1 183.8 15

16 Bank loans n.e.c. 5.0 7.8 17.6 33.6 24.2 19.4 16.4 18.1 17.8 24.9 16

17 Mortgages 24.1 31.9 46.8 71.6 78.8 83.6 85.8 97.0 105.9 131.4 17

18 Miscellaneous liabilities 6.7 9.2 18.0 31.6 36.2 38.0 38.0 40.8 42.3 50.4 18

 Memo:

19 Securitized assets included above 7.6 7.4 11.1 13.9 11.5 10.0 6.7 14.8 30.3 89.9 19

20 Agency- and GSE-backed securities 4.2 4.5 4.9 5.0 3.7 3.5 0.3 0.0 0.0 0.0 20

21 Home mortgages 3.5 2.6 5.7 7.5 5.6 5.4 5.5 13.2 28.9 86.8 21

22 Multifamily residential mortgages 0.0 0.3 0.4 0.8 0.4 0.1 0.1 0.1 0.1 0.1 22

23 Commercial mortgages 0.0 0.0 0.0 0.6 2.0 1.1 0.8 1.4 1.3 3.1 23
74 FFA, 1995-2004, March 11, 2010

L.129 Security Brokers and Dealers

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 568.1 636.4 779.2 921.2 1001.0 1221.4 1465.6 1335.4 1613.0 1844.9 1

 2 Checkable deposits and currency 13.7 15.7 21.7 25.4 28.7 30.3 47.1 44.2 47.2 62.9 2

 3 Credit market instruments 183.4 167.7 182.6 189.4 154.7 223.6 316.0 344.4 424.1 394.9 3

 4 Open market paper 22.1 23.7 24.3 28.0 26.0 39.2 48.2 43.5 49.4 48.0 4

 5 Treasury securities 18.3 -12.8 -5.3 15.8 -42.6 -3.3 9.8 -3.9 37.8 -44.6 5

 6 Agency- and GSE-backed securities 54.0 55.2 50.4 50.9 66.0 63.7 77.8 91.8 83.7 107.3 6

 7 Municipal securities 12.7 10.8 13.2 13.1 11.9 11.3 19.0 21.0 24.9 32.0 7

 8 Corporate and foreign bonds 73.8 86.9 92.6 74.7 86.6 103.8 151.0 183.1 219.3 238.0 8

 9 Other loans and advances 2.6 3.9 7.4 6.7 6.8 8.9 10.3 8.9 9.0 14.2 9

10 Corporate equities 34.2 37.9 51.9 54.4 66.9 77.2 85.1 74.9 100.5 129.1 10

11 Security credit 78.6 94.4 131.2 152.8 227.9 235.1 196.4 148.2 182.5 264.0 11

12 Miscellaneous assets 258.2 320.7 391.8 499.3 522.8 655.1 821.0 723.7 858.8 994.0 12

13 Total liabilities 541.8 609.5 750.1 885.8 960.5 1185.3 1424.6 1272.7 1540.1 1777.8 13

14 Security RPs (net) 182.4 180.9 203.5 208.2 245.2 302.2 353.2 344.2 490.4 526.9 14

15 Credit market instruments 29.3 27.3 35.3 42.5 25.3 40.9 42.3 40.6 47.0 62.2 15

16 Corporate bonds 29.3 27.3 35.3 42.5 25.3 40.9 42.3 40.6 47.0 62.2 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 10.3 14.3 19.9 18.9 30.9 35.9 39.2 37.4 28.2 36.0 18

19 Security credit 227.1 263.7 337.9 419.5 448.7 587.6 629.5 590.6 676.3 774.2 19

20 Customer credit balances (HH) 127.6 162.9 215.5 276.7 323.9 412.4 454.3 412.7 475.4 578.3 20

21 From banks 99.5 100.8 122.5 142.8 124.8 175.2 175.2 177.9 200.9 195.8 21

22 Taxes payable 1.1 1.3 1.3 1.3 2.2 2.1 1.9 1.3 1.8 2.2 22

23 Miscellaneous liabilities 91.7 122.1 152.0 195.4 208.3 216.6 358.5 258.5 296.4 376.4 23

24 Foreign direct investment in U.S. 17.4 20.8 29.4 29.7 38.7 54.0 56.1 35.4 37.4 49.6 24

25 Due to affiliates 146.3 194.9 251.0 326.6 360.8 373.2 373.6 373.4 402.9 429.4 25

26 Other -72.0 -93.6 -128.3 -160.8 -191.2 -210.6 -71.2 -150.3 -143.9 -102.6 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 383.9 488.8 597.9 729.0 968.4 1065.0 1110.8 1053.9 1042.6 1069.2 1

 2 Money market fund shares 109.5 135.5 142.3 223.1 288.2 309.9 430.4 420.4 362.9 278.2 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 108.9 122.7 175.5 178.5 284.5 312.7 243.9 158.3 186.4 256.1 4

 5 Open market paper 84.2 83.7 139.0 136.5 243.9 278.3 163.8 93.7 67.7 152.3 5

 6 Corporate and foreign bonds 23.8 36.5 33.1 37.6 33.8 24.9 70.8 56.4 111.3 96.8 6

 7 Other loans and advances 0.9 2.4 3.4 4.4 6.8 9.5 9.4 8.2 7.3 7.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 165.5 230.7 280.1 327.3 395.7 442.4 436.5 475.2 493.4 534.8 9

10 Investment in foreign banking offices 50.7 64.5 78.8 90.6 93.0 138.7 108.7 127.3 134.7 167.7 10

11 Investment in brokers and dealers 114.8 166.3 201.3 236.8 302.7 303.8 327.7 347.9 358.7 367.1 11

12 Total liabilities 383.9 488.8 597.9 729.0 968.4 1065.0 1110.8 1053.9 1042.6 1069.2 12

13 Credit market instruments 248.6 312.4 372.6 412.6 504.2 502.6 531.9 521.2 518.1 515.1 13

14 Open market paper 164.2 198.8 228.5 234.4 268.6 265.1 272.2 231.1 212.5 197.4 14

15 Corporate bonds 84.4 113.6 144.2 178.2 235.5 237.5 259.7 290.1 305.5 317.7 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Miscellaneous liabilities 135.3 176.5 225.3 316.4 464.2 562.4 578.9 532.7 524.6 554.1 18

19 Foreign direct investment in U.S. -82.2 -79.2 -81.2 -59.5 -8.5 6.6 7.7 7.3 7.6 7.8 19

20 Securities loaned (net) 216.2 276.1 333.3 403.3 419.5 508.2 578.3 575.4 678.0 764.8 20

21 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Other (net) 1.3 -20.3 -26.8 -27.4 53.2 47.7 -7.1 -50.1 -161.0 -218.6 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, 1995-2004, March 11, 2010 75

L.200 Gold and Official Foreign Exchange Holdings (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total U.S. reserves 85.8 75.1 70.0 81.8 71.5 67.6 68.7 79.0 85.9 86.8 1

 2 U.S. gold stock and SDRs 22.1 21.4 21.1 21.6 21.4 21.6 21.8 23.2 23.7 24.6 2

 3 Federal govt.: Exchange Stab. Fund 11.0 10.3 10.0 10.6 10.3 10.5 10.8 12.2 12.6 13.6 3

 4 Monetary authority (2) 11.1 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 4

 5 U.S. foreign exchange position 63.7 53.7 48.9 60.1 50.1 46.1 46.8 55.8 62.3 62.2 5

 6 Official foreign currency holdings 49.1 38.3 30.8 36.0 32.2 31.2 29.0 33.8 39.7 42.7 6

 7 Treasury 28.0 19.0 13.8 16.2 16.0 15.6 14.4 16.9 19.9 21.4 7

 8 Monetary authority 21.1 19.3 17.0 19.8 16.1 15.7 14.6 16.9 19.9 21.4 8

 9 Net IMF position 14.6 15.4 18.1 24.1 18.0 14.8 17.9 22.0 22.5 19.5 9

10 Federal government 14.7 15.5 18.2 24.2 18.1 14.9 18.0 22.1 22.7 19.6 10

11 Monetary authority -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of

 foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows.

(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 10.2 9.7 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 1

 2 Asset: Monetary authority 10.2 9.7 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 2

 Treasury currency:

 3 Liab: Federal government 18.3 18.9 19.3 19.9 20.9 23.2 24.5 25.5 26.0 26.7 3

 4 Asset: Monetary authority 24.0 25.0 25.5 26.3 28.0 31.6 33.0 34.6 35.5 36.4 4

 5 Discrepancy (seigniorage) -5.7 -6.1 -6.2 -6.4 -7.1 -8.5 -8.6 -9.1 -9.5 -9.7 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 418.8 521.7 618.5 627.6 676.5 803.3 810.1 831.1 867.1 957.0 1

 Held by:

 2 Household sector 23.4 35.5 37.2 37.7 40.7 48.3 48.7 49.9 52.1 57.5 2

 3 Nonfinancial corporate business 17.4 28.2 23.1 30.5 31.5 24.0 15.5 20.6 38.1 53.7 3

 4 Money market mutual funds 19.7 23.1 23.2 30.1 41.1 87.2 115.0 108.1 71.5 78.5 4

 5 Discrepancy--unallocated assets 358.4 434.9 535.0 529.2 563.3 643.8 630.9 652.5 705.3 767.2 5
76 FFA, 1995-2004, March 11, 2010

L.203 Net Interbank Transactions

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 290.8 240.8 219.4 189.5 205.5 221.3 191.4 205.4 193.0 212.2 1

 2 Monetary authority 70.2 69.7 75.8 68.4 90.6 63.4 64.8 70.4 71.0 65.6 2

 3 Depository institution reserves 29.6 24.5 30.8 26.3 24.0 19.0 17.5 22.5 23.1 24.0 3

 4 Vault cash 40.6 45.2 45.0 42.1 66.6 44.4 47.3 47.8 48.0 41.5 4

 5 Commercial banking 220.6 171.1 143.6 121.1 114.9 157.8 126.6 135.0 122.0 146.7 5

 6 To monetary authority 0.2 4.4 2.8 1.7 -0.0 1.0 0.0 0.5 -0.3 1.0 6

 7 To banks in foreign countries, net 229.3 177.3 173.0 145.9 140.3 161.1 115.5 119.7 109.6 118.3 7

 8 Liabilities, net 239.7 192.9 188.8 156.7 149.8 171.6 127.3 141.1 128.5 142.4 8

 9 U.S.-chartered commercial banks 79.6 48.5 62.0 85.1 133.5 179.3 167.0 213.1 256.7 317.4 9

10 Due to foreign affiliates 128.7 126.8 173.1 196.7 226.7 302.0 324.8 323.9 433.6 467.4 10

11 - Due from foreign affiliates 49.1 78.4 111.1 111.6 93.2 122.7 157.8 110.8 176.9 150.0 11

12 Foreign banking offices in U.S. 178.6 167.1 148.6 92.9 41.7 -14.8 -50.2 -83.0 -95.2 -167.4 12

13 Due to foreign affiliates 99.9 110.4 99.7 133.0 147.9 133.6 163.3 176.2 197.4 274.3 13

14 - Due from foreign affiliates -78.7 -56.6 -48.8 40.1 106.2 148.4 213.5 259.3 292.6 441.8 14

15 Bank holding companies -18.5 -22.6 -21.9 -21.3 -25.4 7.1 10.4 11.1 -33.1 -7.5 15

16 Due to foreign affiliates 3.0 2.7 3.0 2.9 8.3 39.3 51.4 53.4 13.2 33.0 16

17 - Due from foreign affiliates 21.4 25.3 24.9 24.2 33.8 32.2 41.0 42.4 46.3 40.5 17

18 Less: Deposits at foreign banks 10.4 15.6 15.8 10.8 9.5 10.5 11.8 21.4 18.9 24.1 18

19 U.S. chartered commercial banks 5.4 10.6 11.7 10.6 9.4 9.8 11.1 21.3 18.7 23.6 19

20 Foreign banking offices in U.S. 5.0 5.0 4.1 0.2 0.2 0.7 0.7 0.1 0.1 0.5 20

21 To U.S. banking, net -8.9 -10.6 -32.1 -26.5 -25.3 -4.3 11.1 14.8 12.7 27.4 21

22 U.S.-chartered commercial banks -19.9 -41.8 -50.2 -50.8 -64.1 -33.0 -17.7 0.3 -53.1 -20.3 22

23 Liabilities 43.4 38.3 22.0 30.3 47.6 59.4 59.7 76.0 86.0 119.3 23

24 To foreign offices in U.S. 51.5 48.4 53.8 55.8 72.2 63.1 47.9 59.4 71.7 90.1 24

25 To bank holding companies 0.8 0.5 0.3 0.9 0.6 0.6 0.7 1.7 1.6 1.8 25

26 Unallocated -8.9 -10.6 -32.1 -26.5 -25.3 -4.3 11.1 14.8 12.7 27.4 26

 Less, due from:

27 Foreign offices in U.S. 58.9 64.9 57.6 56.3 78.9 86.0 89.5 90.3 98.1 122.3 27

28 Bank holding companies 4.4 15.2 14.6 24.8 32.8 6.4 -12.1 -14.7 41.0 17.4 28

29 Foreign banking offices in U.S. 7.5 16.5 3.8 0.4 6.7 22.9 41.6 30.9 26.4 32.2 29

30 Due to U.S. banks 58.9 64.9 57.6 56.3 78.9 86.0 89.5 90.3 98.1 122.3 30

31 - Due from U.S. banks 51.5 48.4 53.8 55.8 72.2 63.1 47.9 59.4 71.7 90.1 31

32 Bank holding companies 3.5 14.7 14.3 23.9 32.1 5.8 -12.8 -16.4 39.4 15.5 32

33 Due to U.S. banks 4.4 15.2 14.6 24.8 32.8 6.4 -12.1 -14.7 41.0 17.4 33

34 - Due from U.S. banks 0.8 0.5 0.3 0.9 0.6 0.6 0.7 1.7 1.6 1.8 34

35 Total assets 299.7 251.4 251.6 215.9 230.8 225.5 180.3 190.5 180.3 184.9 35

36 Rest of the world 229.3 177.3 173.0 145.9 140.3 161.1 115.5 119.7 109.6 118.3 36

37 Domestic 70.4 74.1 78.6 70.0 90.6 64.4 64.8 70.8 70.8 66.5 37

38 Monetary authority 0.2 4.4 2.8 1.7 -0.0 1.0 0.0 0.5 -0.3 1.0 38

39 Federal Reserve float 0.1 4.3 0.7 1.6 -0.2 0.9 -0.0 0.4 -0.3 0.9 39

40 Loans to member banks 0.1 0.1 2.0 0.0 0.2 0.1 0.0 0.0 0.1 0.0 40

41 Commercial banking 67.6 67.5 74.1 66.5 89.0 61.8 62.6 67.5 67.6 62.3 41

42 Reserves at Federal Reserve 27.0 22.3 29.1 24.5 22.5 17.4 15.2 19.7 19.7 20.8 42

43 Vault cash 40.6 45.2 45.0 42.1 66.6 44.4 47.3 47.8 48.0 41.5 43

44 Savings insts.: Reserves at Fed. Res. 2.6 2.3 1.7 1.8 1.6 1.6 2.3 2.8 3.4 3.3 44

45 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Discrepancy--floats, etc. -8.9 -10.6 -32.1 -26.5 -25.3 -4.3 11.1 14.8 12.7 27.4 46
FFA, 1995-2004, March 11, 2010 77

L.204 Checkable Deposits and Currency

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 1211.4 1200.4 1209.2 1220.3 1332.3 1218.8 1360.8 1353.0 1437.4 1522.8 1

 2 Monetary authority 391.2 414.4 444.3 483.3 591.5 556.4 603.8 645.7 683.0 720.8 2

 3 Federal government cash and deposits 6.2 8.0 5.7 6.2 28.5 5.6 7.1 4.8 6.0 6.2 3

 4 Due to government-sponsored enterprises 0.8 0.8 0.8 1.5 1.1 1.2 0.7 1.1 0.6 1.1 4

 5 Deposits due to foreign 0.4 0.2 0.5 0.2 0.1 0.2 0.1 0.1 0.2 0.1 5

 6 Currency outside banks 383.7 405.5 437.3 475.4 561.8 549.3 596.0 639.7 676.2 713.3 6

 7 Commercial banking 710.8 676.3 656.4 622.9 626.4 540.9 628.8 571.5 607.2 646.7 7

 8 Federal government deposits 19.0 28.7 27.8 13.2 49.6 16.4 47.5 31.1 30.2 26.9 8

 9 Deposits due to foreign 24.1 26.9 31.7 28.6 28.7 30.7 25.8 25.2 4.1 13.2 9

10 Private domestic deposits 667.7 620.7 597.0 581.1 548.1 493.8 555.5 515.3 573.0 606.6 10

11 Savings institutions 78.5 77.2 71.9 71.1 69.0 70.3 73.5 75.3 80.7 81.2 11

12 Credit unions 30.9 32.5 36.6 43.0 45.4 51.3 54.7 60.5 66.5 74.1 12

13 Total assets 1211.4 1200.4 1209.2 1220.3 1332.3 1218.8 1360.8 1353.0 1437.4 1522.8 13

14 Household sector 561.9 494.7 448.1 463.8 417.7 335.1 407.3 414.5 399.1 359.8 14

15 Nonfinancial business 326.5 355.0 370.1 364.5 405.8 429.9 366.5 328.7 385.0 479.9 15

16 Corporate 205.1 214.3 206.9 195.0 231.0 246.4 181.9 141.1 190.9 178.4 16

17 Nonfarm noncorporate 104.7 124.0 146.2 150.9 155.6 164.1 164.5 167.1 172.9 279.2 17

18 Farm 16.7 16.7 16.9 18.6 19.2 19.4 20.0 20.6 21.2 22.3 18

19 State and local governments 38.7 33.2 37.5 33.6 37.6 37.7 41.7 46.8 53.8 47.0 19

20 Federal government 22.2 38.3 41.6 23.2 87.9 24.3 66.9 47.5 54.1 21.9 20

21 Rest of the world 158.5 175.2 202.7 213.2 237.5 236.3 255.1 273.4 262.9 285.3 21

22 Checkable deposits 24.5 27.1 32.2 28.8 28.7 30.9 25.9 25.3 4.2 13.3 22

23 Currency 133.9 148.1 170.5 184.4 208.8 205.4 229.2 248.1 258.7 272.0 23

24 Financial sectors 71.8 80.9 96.5 108.1 138.6 141.1 219.6 238.2 284.9 312.0 24

25 Commercial banking 1.6 1.4 1.4 2.0 2.2 1.7 2.8 2.5 2.5 3.5 25

26 Savings institutions 15.6 14.2 15.2 18.5 20.6 19.0 21.0 24.8 24.8 21.3 26

27 Credit unions 7.4 7.5 8.1 9.1 26.4 26.7 36.8 38.4 41.5 40.2 27

28 Property-casualty insurance companies 4.9 3.9 4.2 4.0 4.3 3.7 13.1 25.9 34.6 25.9 28

29 Life insurance companies 5.2 4.3 8.1 5.4 5.5 5.0 36.8 35.3 47.3 53.3 29

30 Private pension funds 4.9 5.6 7.0 6.1 7.4 10.8 9.9 10.2 10.4 10.5 30

31 State and local govt. retirement funds 4.2 7.5 5.3 10.0 9.2 9.9 11.4 12.9 13.7 16.3 31

32 Money market mutual funds -3.5 -1.1 1.5 -1.0 -3.3 1.5 5.4 -1.4 -2.1 0.6 32

33 Government-sponsored enterprises 1.5 0.8 2.1 5.0 12.1 4.4 6.7 14.8 28.8 39.1 33

34 Finance companies 16.3 19.0 18.6 19.6 21.2 23.7 23.0 25.2 27.1 26.3 34

35 REITs 0.0 2.2 3.3 4.1 4.4 4.4 5.5 5.4 9.2 12.2 35

36 Brokers and dealers 13.7 15.7 21.7 25.4 28.7 30.3 47.1 44.2 47.2 62.9 36

37 Mail float 31.9 23.1 12.7 13.9 7.1 14.4 3.9 3.8 -2.4 16.9 37
78 FFA, 1995-2004, March 11, 2010

L.205 Time and Savings Deposits 

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 2775.3 3012.0 3264.0 3545.1 3760.1 4107.3 4490.4 4865.7 5228.9 5788.8 1

 2 Small time and savings deposits 2298.4 2421.1 2550.6 2739.9 2823.7 3054.7 3369.3 3694.7 4002.1 4283.7 2

 3 Commercial banking 1490.1 1612.2 1760.4 1944.1 2016.0 2227.7 2477.1 2746.5 2978.2 3258.7 3

 4 U.S.-chartered commercial banks 1471.3 1593.1 1737.0 1923.4 1996.3 2206.9 2447.3 2720.9 2950.5 3230.2 4

 5 Foreign banking offices in U.S. 8.5 8.7 13.1 9.4 7.5 7.2 11.6 9.4 10.2 9.5 5

 6 Banks in U.S.-affiliated areas 10.2 10.4 10.4 11.4 12.2 13.6 18.1 16.2 17.5 19.0 6

 7 Savings institutions 569.4 557.7 525.7 508.3 507.9 514.3 530.9 551.8 599.0 584.5 7

 8 Credit unions 238.9 251.2 264.4 287.5 299.8 312.7 361.3 396.4 424.9 440.4 8

 9 Large time deposits (1) 476.9 590.9 713.4 805.3 936.4 1052.6 1121.0 1171.0 1226.8 1505.1 9

10 Commercial banking 387.8 493.1 601.0 673.1 792.6 885.4 918.1 915.3 928.1 1120.6 10

11 U.S.-chartered commercial banks 256.5 306.1 369.3 404.1 465.7 553.6 528.4 552.7 555.7 671.3 11

12 Foreign banking offices in U.S. 121.0 176.6 221.3 257.6 314.8 318.2 371.5 346.4 354.9 430.3 12

13 Banks in U.S.-affiliated areas 10.2 10.4 10.4 11.4 12.2 13.6 18.1 16.2 17.5 19.0 13

14 Savings institutions 80.1 86.4 98.1 113.7 122.2 142.1 168.8 212.9 245.1 324.5 14

15 Credit unions 9.0 11.4 14.4 18.5 21.6 25.1 34.1 42.8 53.6 60.0 15

16 Total assets 2775.3 3012.0 3264.0 3545.1 3760.1 4107.3 4490.4 4865.7 5228.9 5788.8 16

17 Household sector 2299.7 2440.7 2577.3 2673.0 2775.0 3032.9 3306.7 3617.1 3937.9 4426.8 17

18 Nonfinancial business 171.1 204.7 250.1 319.0 416.4 519.9 535.8 560.5 676.6 701.1 18

19 Corporate 99.7 129.7 164.4 192.6 236.9 272.3 281.1 291.3 362.8 400.5 19

20 Nonfarm noncorporate 71.5 75.0 85.7 126.5 179.5 247.6 254.7 269.2 313.8 300.6 20

21 State and local governments 62.0 72.6 78.4 93.2 107.2 117.8 129.8 138.7 159.0 170.6 21

22 Federal government 0.9 2.4 3.4 4.7 5.4 6.3 10.5 27.6 2.4 2.4 22

23 Rest of the world 40.0 50.9 63.9 115.9 118.8 101.5 102.1 143.3 115.0 149.2 23

24 Financial sectors 201.6 240.8 290.9 339.4 337.4 328.8 405.4 378.6 338.0 338.8 24

25 Savings institutions 1.1 1.4 1.0 1.5 1.3 1.4 2.2 2.6 2.6 3.2 25

26 Credit unions 17.1 16.4 17.0 23.4 16.6 15.5 23.0 24.6 27.1 26.4 26

27 Private pension funds 110.2 119.1 130.1 159.9 120.6 97.7 61.3 57.5 60.7 55.9 27

28 State and local govt. retirement funds 4.5 2.3 2.4 2.0 1.7 1.6 1.8 1.7 0.8 1.4 28

29 Money market mutual funds 52.3 82.7 111.3 123.9 155.4 154.8 244.0 220.2 166.8 167.2 29

30 Government-sponsored enterprises 0.0 0.0 6.4 4.7 10.0 22.2 30.3 25.3 16.7 23.3 30

31 Finance companies 16.3 19.0 22.7 24.0 31.7 35.6 42.8 46.8 63.2 61.3 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 741.3 886.7 1042.5 1327.9 1579.6 1812.1 2240.6 2223.9 2016.4 1879.8 1

 2 Household sector 472.4 527.9 602.3 706.6 816.1 959.8 1113.2 1071.7 960.2 904.1 2

 3 Nonfinancial corporate business 60.0 67.6 87.8 126.4 154.9 191.4 301.9 335.7 299.0 324.3 3

 4 Nonfarm noncorporate business 17.0 19.2 22.9 32.6 40.7 49.4 59.0 61.3 63.6 66.5 4

 5 State and local governments 10.7 12.0 15.6 46.7 51.2 53.9 57.1 58.7 62.7 66.6 5

 6 Rest of the world 5.1 5.8 6.6 7.3 8.1 11.2 15.1 16.3 18.8 22.9 6

 7 Life insurance companies 22.8 61.9 92.8 110.4 131.8 142.3 173.3 159.8 151.4 120.7 7

 8 Private pension funds 37.9 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 8

 9 State and local govt. retirement funds 5.9 7.6 9.6 9.9 11.8 13.2 15.4 15.5 13.4 11.6 9

10 Funding corporations 109.5 135.5 142.3 223.1 288.2 309.9 430.4 420.4 362.9 278.2 10
FFA, 1995-2004, March 11, 2010 79

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 626.0 665.1 766.1 810.4 938.3 1012.8 1023.0 1119.3 1332.9 1418.6 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21.1 25.7 30.8 2

 3 Commercial banking (net) 388.1 426.8 495.9 535.8 605.6 645.1 591.3 676.3 714.3 727.4 3

 4 U.S.-chartered commercial banks 345.5 371.9 415.3 435.1 522.5 511.4 468.7 511.8 554.5 569.1 4

 5 Foreign banking offices in U.S. 43.2 55.1 80.7 100.4 82.5 134.8 123.9 163.4 157.7 157.5 5

 6 Bank holding companies -0.5 -0.2 -0.2 0.4 0.5 -1.1 -1.2 1.2 2.1 0.8 6

 7 Savings institutions 44.5 43.7 41.8 51.3 72.7 53.1 56.9 41.6 60.9 63.3 7

 8 REITs 10.9 13.7 24.9 15.1 14.9 12.4 21.6 36.2 41.6 70.3 8

 9 Brokers and dealers (net) 182.4 180.9 203.5 208.2 245.2 302.2 353.2 344.2 490.4 526.9 9

10 Total assets 553.0 592.4 650.4 680.3 810.7 768.2 843.1 913.0 1166.2 1393.0 10

11 Nonfinancial corporate business 2.4 3.9 4.6 4.2 5.8 4.2 4.0 6.2 6.0 6.4 11

12 State and local governments 115.7 147.8 151.4 155.6 153.1 142.8 131.9 115.6 123.5 131.2 12

13 Rest of the world 67.6 70.9 90.8 72.0 79.9 91.3 151.1 190.1 460.2 665.1 13

14 Financial sectors 367.2 369.8 403.7 448.6 571.9 529.9 556.2 601.1 576.6 590.3 14

15 Monetary authority 13.9 21.6 23.8 30.4 140.6 43.4 50.3 39.5 43.8 33.0 15

16 Savings institutions 11.2 10.0 9.2 14.8 10.6 14.9 20.3 20.0 12.3 9.1 16

17 Credit unions (net) 6.4 1.4 3.5 6.8 9.3 4.0 2.5 1.7 1.6 4.1 17

18 Property-casualty insurance companies 37.5 35.4 35.2 42.7 28.3 38.3 30.2 44.4 52.8 63.1 18

19 Private pension funds 22.4 27.3 28.5 29.7 31.6 26.5 17.7 18.3 20.3 20.6 19

20 State and local govt. retirement funds 31.5 28.2 28.6 37.5 40.4 39.8 34.0 27.1 23.4 20.2 20

21 Money market mutual funds 87.8 103.8 126.6 138.8 140.5 182.8 226.2 273.4 252.6 234.0 21

22 Mutual funds 50.2 47.5 57.8 70.9 80.8 99.6 70.7 81.6 94.5 112.6 22

23 Government-sponsored enterprises (net) 106.3 94.5 90.4 77.0 89.7 80.6 104.4 95.3 75.3 93.6 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Discrepancy--unallocated assets 73.0 72.7 115.7 130.0 127.7 244.6 179.8 206.3 166.7 25.6 25

L.208 Open Market Paper

Billions of dollars

 1 Total outstanding, all types 700.4 803.0 979.4 1172.6 1402.4 1614.0 1474.0 1374.9 1292.9 1399.1 1

 2 Commercial paper 677.7 779.4 958.5 1161.0 1393.8 1606.1 1469.2 1370.3 1288.6 1395.0 2

 3 Nonfinancial corporate business 157.4 156.4 168.6 193.0 230.3 278.4 177.7 119.8 82.5 97.8 3

 4 Foreign issues in U.S. 56.2 67.5 65.1 72.9 89.2 120.9 198.5 257.2 276.1 345.3 4

 5 Nonfinancial 20.6 18.7 20.0 18.5 26.7 37.6 19.5 19.3 15.5 13.3 5

 6 Financial 35.6 48.8 45.0 54.4 62.5 83.3 178.9 237.9 260.6 332.0 6

 7 Financial business 464.2 555.5 724.8 895.2 1074.3 1206.7 1093.0 993.3 930.0 951.9 7

 8 Commercial banking 30.1 32.0 37.6 45.4 54.5 55.7 50.6 48.3 42.3 53.1 8

 9 ABS issuers 101.2 146.7 256.1 381.8 520.8 645.8 607.8 566.1 530.0 526.1 9

10 Finance companies 168.6 178.0 202.6 233.3 230.4 240.1 162.4 147.8 145.1 175.3 10

11 REITs 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 164.2 198.8 228.5 234.4 268.6 265.1 272.2 231.1 212.5 197.4 12

13 Bankers acceptances (1) 22.6 23.6 20.9 11.5 8.6 7.9 4.8 4.6 4.4 4.1 13

14 Holdings, by sector 700.4 803.0 979.4 1172.6 1402.4 1614.0 1474.0 1374.9 1292.9 1399.1 14

15 Household sector 71.7 75.8 77.1 80.2 84.9 97.3 88.2 82.2 77.3 83.7 15

16 Nonfinancial corporate business 20.1 31.5 36.1 39.4 47.6 57.8 60.2 64.8 75.7 95.0 16

17 State and local governments 39.4 59.7 74.0 86.8 104.3 119.5 136.9 151.3 161.6 171.7 17

18 Rest of the world 43.4 57.9 77.8 111.4 105.0 114.3 108.4 126.6 192.8 229.8 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 5.7 6.5 2.7 1.1 1.4 1.5 0.0 0.0 0.0 0.0 20

21 Savings institutions 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions 0.6 0.3 0.2 0.4 1.9 1.2 2.4 1.5 0.7 0.8 22

23 Life insurance companies 45.5 48.4 65.9 73.4 75.8 71.2 59.3 74.0 55.9 48.2 23

24 Private pension funds 24.8 30.8 32.3 35.5 41.4 35.3 27.0 30.7 27.5 28.5 24

25 State and local govt. retirement funds 31.5 28.2 28.6 37.5 40.4 47.3 51.3 48.0 41.6 35.2 25

26 Money market mutual funds 235.5 273.9 336.0 415.1 525.3 620.4 623.7 585.2 459.9 405.8 26

27 Mutual funds 50.2 47.2 57.8 70.9 80.8 99.6 70.7 63.1 76.2 94.2 27

28 Government-sponsored enterprises 25.5 35.1 27.6 56.2 23.9 31.1 33.8 10.4 6.7 5.8 28

29 Brokers and dealers 22.1 23.7 24.3 28.0 26.0 39.2 48.2 43.5 49.4 48.0 29

30 Funding corporations 84.2 83.7 139.0 136.5 243.9 278.3 163.8 93.7 67.7 152.3 30

(1) Excludes banks’ holdings of own acceptances.
80 FFA, 1995-2004, March 11, 2010

L.209 Treasury Securities

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 3608.5 3755.1 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 4008.2 4370.7 1

 2 Savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 2

 3 Other Treasury issues 3423.5 3568.1 3591.8 3537.0 3466.2 3173.0 3162.4 3414.9 3804.4 4166.3 3

 4 Total assets 3608.5 3755.1 3778.3 3723.7 3652.7 3357.8 3352.7 3609.8 4008.2 4370.7 4

 5 Household sector 833.6 894.2 803.1 739.5 814.4 584.8 443.8 285.3 438.8 532.2 5

 6 Savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 6

 7 Other Treasury issues 648.6 707.2 616.6 552.8 628.0 400.1 253.4 90.4 235.0 327.8 7

 8 Nonfinancial corporate business 57.1 47.1 26.8 23.6 19.4 18.1 16.9 31.4 32.8 33.1 8

 9 Nonfarm noncorporate business 23.6 28.6 32.2 38.0 37.2 40.2 42.8 42.8 44.9 50.2 9

10 State and local governments 289.8 257.0 239.3 280.8 304.5 310.0 328.4 354.7 364.2 389.1 10

11 Rest of the world 816.9 1040.3 1153.2 1166.2 1058.4 1021.4 1095.2 1285.5 1513.5 1813.6 11

12 Monetary authority 378.2 390.9 430.7 452.1 478.0 511.7 551.7 629.4 666.7 717.8 12

13 Commercial banking 278.7 261.8 270.1 214.1 228.9 184.5 162.7 205.8 132.1 107.8 13

14 U.S.-chartered commercial banks 207.6 173.0 166.8 124.8 122.8 87.9 56.5 86.4 93.5 74.2 14

15 Foreign banking offices in U.S. 62.3 80.7 95.1 84.8 94.5 94.0 103.8 116.7 33.4 27.7 15

16 Bank holding companies 3.4 4.0 4.0 0.9 8.8 0.8 1.2 1.3 2.7 2.0 16

17 Banks in U.S.-affiliated areas 5.4 4.1 4.2 3.6 2.8 1.8 1.2 1.5 2.5 3.8 17

18 Savings institutions 18.4 17.4 14.6 10.2 10.1 8.7 11.4 9.2 12.2 8.4 18

19 Credit unions 18.3 17.4 15.6 13.1 9.6 8.2 7.4 7.5 8.8 8.9 19

20 Property-casualty insurance companies 133.4 120.9 91.1 70.4 60.6 52.1 52.0 61.2 64.7 71.3 20

21 Life insurance companies 108.1 93.2 85.5 71.3 62.8 58.1 53.7 78.5 71.8 78.5 21

22 Private pension funds 120.8 116.0 118.0 104.8 121.5 111.6 105.2 103.6 116.9 113.0 22

23 State and local govt. retirement funds 208.2 212.8 219.0 212.6 198.8 179.1 155.1 158.9 148.6 151.0 23

24 Federal government retirement funds 22.2 24.4 26.1 28.5 31.4 33.4 40.6 50.2 55.3 60.7 24

25 Money market mutual funds 70.0 90.2 86.2 107.9 103.8 91.6 137.5 142.2 132.1 98.2 25

26 Mutual funds 143.8 125.8 136.4 141.0 117.3 127.4 117.6 134.8 144.2 149.0 26

27 Closed-end funds 11.1 11.2 9.8 8.8 7.6 6.7 6.7 3.9 4.6 6.8 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 2.1 4.9 28

29 Government-sponsored enterprises 58.0 18.8 25.9 25.2 30.9 13.3 13.6 25.7 13.5 12.9 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.1 0.5 0.9 2.8 8.0 30

31 Brokers and dealers 18.3 -12.8 -5.3 15.8 -42.6 -3.3 9.8 -3.9 37.8 -44.6 31

 Memo:

32 Federal government debt (1) 3636.7 3781.7 3804.8 3752.2 3681.0 3385.1 3379.5 3637.0 4033.1 4395.0 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, 1995-2004, March 11, 2010 81

L.210 Agency- and GSE-backed Securities (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 2406.0 2635.8 2849.3 3322.9 3916.0 4347.0 4989.1 5536.3 5957.6 6075.2 1

 2 Budget agencies 28.2 26.6 26.5 28.5 28.3 27.3 26.8 27.3 24.9 24.3 2

 3 Government-sponsored enterprises 807.0 897.4 996.5 1275.4 1594.2 1826.4 2130.6 2350.4 2601.3 2676.3 3

 4 Agency- and GSE-backed mortgage pools 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 4

 5 Total assets 2406.0 2635.8 2849.3 3322.9 3916.0 4347.0 4989.1 5536.3 5957.6 6075.2 5

 6 Household sector 216.4 332.8 389.7 441.7 541.8 594.0 407.3 247.6 371.0 390.0 6

 7 Nonfinancial corporate business 23.4 28.5 8.0 10.6 12.4 15.4 17.5 16.9 12.1 12.2 7

 8 State and local governments 151.5 116.2 115.4 154.1 198.3 239.7 287.0 328.8 351.2 373.2 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world 123.1 134.4 157.3 185.6 232.3 348.2 504.1 630.6 655.3 875.2 10

11 Monetary authority 2.6 2.2 0.7 0.3 0.2 0.1 0.0 0.0 0.0 0.0 11

12 Commercial banking 467.5 495.7 571.2 663.2 699.6 721.8 777.4 917.9 1000.3 1095.1 12

13 U.S.-chartered commercial banks 421.5 436.7 497.2 578.9 608.3 626.5 700.2 821.3 906.4 996.1 13

14 Foreign banking offices in U.S. 37.3 49.7 62.2 67.4 72.4 72.7 50.7 61.6 53.3 51.8 14

15 Bank holding companies 4.7 4.9 5.5 6.6 5.4 4.8 6.2 10.7 11.6 13.5 15

16 Banks in U.S.-affiliated areas 4.0 4.3 6.3 10.2 13.5 17.8 20.3 24.2 28.9 33.6 16

17 Savings institutions 164.6 156.1 155.3 143.7 147.1 140.4 161.4 176.2 198.8 136.4 17

18 Credit unions 45.7 50.7 51.0 58.4 61.3 60.9 80.6 79.1 94.3 93.1 18

19 Property-casualty insurance companies 48.2 51.0 70.8 69.7 75.5 84.1 94.2 113.2 115.4 112.1 19

20 Life insurance companies 242.9 244.1 226.7 217.0 224.4 235.4 253.5 330.9 348.9 357.1 20

21 Private pension funds 213.1 201.8 207.9 190.7 230.3 197.4 202.5 182.9 223.5 235.3 21

22 State and local govt. retirement funds 63.1 68.6 87.0 106.1 129.0 178.9 180.7 192.6 235.1 258.8 22

23 Federal government retirement funds 0.6 0.7 0.7 1.0 0.9 1.0 2.6 4.6 5.1 4.6 23

24 Money market mutual funds 90.8 101.8 96.3 172.4 191.1 182.9 324.4 333.1 328.6 267.5 24

25 Mutual funds 171.3 204.4 213.3 234.9 271.1 283.7 368.3 422.4 447.5 462.7 25

26 Government-sponsored enterprises 190.8 256.6 324.2 482.7 655.6 810.9 1017.8 1149.5 1088.9 886.5 26

27 ABS issuers 127.4 122.8 102.1 126.8 167.8 176.4 211.4 286.5 369.0 363.4 27

28 REITs 9.0 12.2 21.2 13.1 11.4 12.0 20.3 31.8 28.9 44.7 28

29 Brokers and dealers 54.0 55.2 50.4 50.9 66.0 63.7 77.8 91.8 83.7 107.3 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, 1995-2004, March 11, 2010

L.211 Municipal Securities and Loans

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 1268.2 1261.6 1318.5 1402.7 1457.1 1480.7 1603.4 1762.9 1900.4 2030.9 1

 2 State and local governments 1037.0 1021.3 1067.0 1133.6 1172.5 1189.0 1294.4 1438.4 1558.8 1672.6 2

 3 Short-term (1) 34.4 40.7 49.0 42.7 45.3 46.6 70.5 95.7 106.1 100.2 3

 4 Long-term 1002.6 980.7 1018.0 1090.9 1127.2 1142.4 1223.9 1342.6 1452.7 1572.4 4

 5 Nonprofit organizations (2) 96.4 102.4 109.6 121.3 131.7 137.5 151.3 163.9 177.7 189.1 5

 6 Nonfinancial corporate business 134.8 137.9 142.0 147.8 152.8 154.2 157.7 160.6 163.9 169.2 6

 (industrial revenue bonds)

 7 Total assets 1268.2 1261.6 1318.5 1402.7 1457.1 1480.7 1603.4 1762.9 1900.4 2030.9 7

 8 Household sector 533.4 493.0 497.6 498.7 528.1 531.2 580.8 678.4 703.7 742.4 8

 9 Nonfinancial corporate business 36.8 31.0 27.4 25.7 25.0 31.9 29.3 32.1 35.4 31.8 9

10 Nonfarm noncorporate business 2.2 2.6 3.2 2.8 2.7 2.4 3.5 3.4 2.7 4.3 10

11 State and local governments 5.1 4.6 3.9 3.2 3.5 3.7 4.0 4.1 4.4 4.7 11

12 Rest of the world 4.0 4.9 5.9 6.8 7.8 8.0 8.0 11.5 19.5 26.0 12

13 Commercial banking 93.4 94.2 96.7 104.8 110.8 114.1 120.2 121.7 132.7 140.8 13

14 Savings institutions 2.0 2.1 2.1 2.5 3.0 3.2 4.8 5.8 6.6 7.4 14

15 Property-casualty insurance companies 161.0 175.4 191.6 208.1 199.0 184.1 173.8 183.0 224.2 267.8 15

16 Life insurance companies 11.9 13.4 16.7 18.4 20.1 19.1 18.7 19.9 26.1 30.1 16

17 State and local govt. retirement funds 1.8 0.6 1.5 3.3 3.0 1.7 1.7 0.9 4.4 1.8 17

18 Money market mutual funds 127.7 144.5 167.0 192.8 210.4 242.5 276.7 278.5 292.1 313.8 18

19 Mutual funds 210.2 213.3 219.8 242.6 239.4 230.4 253.0 277.3 290.2 294.3 19

20 Closed-end funds 58.2 59.1 59.4 60.7 69.7 67.7 74.7 86.0 89.3 89.1 20

21 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Government-sponsored enterprises 7.8 12.1 12.7 19.2 22.7 29.2 35.4 39.4 44.4 44.6 22

23 Brokers and dealers 12.7 10.8 13.2 13.1 11.9 11.3 19.0 21.0 24.9 32.0 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 2929.0 3267.0 3620.0 4132.8 4461.0 4827.2 5578.7 6256.6 7048.3 7922.9 1

 2 Nonfinancial corporate business 1357.2 1485.2 1666.3 1881.2 2107.1 2271.1 2614.5 2747.9 2900.1 2975.5 2

 3 Rest of the world (1) 413.3 481.4 543.4 594.4 548.2 572.7 557.1 702.7 868.9 985.0 3

 4 Financial sectors 1158.5 1300.4 1410.3 1657.1 1805.7 1983.4 2407.1 2805.9 3279.2 3962.4 4

 5 Commercial banking 161.1 168.9 192.6 220.2 240.6 273.2 310.2 332.2 378.4 437.4 5

 6 Savings institutions 3.1 2.7 2.8 2.6 2.7 6.3 3.6 3.4 5.1 7.6 6

 7 ABS issuers (net) (3) 565.1 634.3 662.2 794.6 809.5 857.7 1150.8 1421.0 1692.9 2136.1 7

 8 Finance companies 300.0 336.8 341.5 365.6 430.3 503.3 571.3 635.3 743.2 817.4 8

 9 REITs 15.5 16.8 31.6 53.4 61.7 64.6 69.2 83.3 107.1 183.8 9

10 Brokers and dealers 29.3 27.3 35.3 42.5 25.3 40.9 42.3 40.6 47.0 62.2 10

11 Funding corporations 84.4 113.6 144.2 178.2 235.5 237.5 259.7 290.1 305.5 317.7 11

12 Total assets 2929.0 3267.0 3620.0 4132.8 4461.0 4827.2 5578.7 6256.6 7048.3 7922.9 12

13 Household sector 466.5 514.6 526.9 590.5 503.0 552.0 731.2 1094.4 1026.3 1141.7 13

14 State and local governments 39.0 49.7 51.0 62.4 74.0 83.8 95.1 104.2 111.3 118.2 14

15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Rest of the world (2) 355.3 432.1 498.2 589.7 673.1 841.8 1018.7 1123.0 1330.0 1558.9 16

17 Commercial banking 110.5 111.6 140.5 176.2 210.1 266.1 363.1 359.9 481.2 563.6 17

18 Savings institutions 78.5 68.6 58.7 88.6 111.9 109.4 83.9 79.9 71.9 59.2 18

19 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22.1 24.3 25.0 19

20 Property-casualty insurance companies 123.3 141.6 159.5 171.1 181.1 187.5 196.4 198.9 218.9 245.3 20

21 Life insurance companies 867.0 946.2 1041.7 1124.4 1166.9 1214.8 1334.3 1440.0 1610.5 1756.3 21

22 Private pension funds 241.1 244.5 278.5 298.9 341.9 265.7 242.5 254.1 275.3 267.8 22

23 State and local govt. retirement funds 189.2 211.4 244.5 279.6 310.0 314.2 279.7 217.3 207.4 213.5 23

24 Federal government retirement funds 0.5 0.5 0.6 0.7 0.7 0.7 1.6 2.8 3.2 3.0 24

25 Money market mutual funds 21.5 23.9 36.4 82.2 124.8 180.2 222.5 228.1 258.7 261.0 25

26 Mutual funds 185.5 218.5 259.4 322.0 348.2 337.7 403.1 453.4 532.0 596.8 26

27 Closed-end funds 25.2 27.1 27.1 31.8 33.5 30.9 27.1 27.1 58.8 67.6 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 2.4 3.3 28

29 Government-sponsored enterprises 29.9 38.1 44.1 68.7 97.5 131.1 155.7 189.3 222.8 414.8 29

30 Finance companies 95.3 110.8 120.5 127.6 154.6 173.4 192.4 210.5 263.8 256.0 30

31 REITs 2.9 4.3 6.5 6.1 9.2 9.4 9.8 10.4 18.9 36.0 31

32 Brokers and dealers 73.8 86.9 92.6 74.7 86.6 103.8 151.0 183.1 219.3 238.0 32

33 Funding corporations 23.8 36.5 33.1 37.6 33.8 24.9 70.8 56.4 111.3 96.8 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, 1995-2004, March 11, 2010 83

L.213 Corporate Equities (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Issues at market value 8481.3 9748.1 12621.8 15393.9 19443.0 17571.2 15551.0 12346.6 16450.7 18940.1 1

 2 Nonfinancial corporate business 6406.8 6804.3 8674.5 10962.3 14476.8 12444.5 10868.6 8212.3 10845.2 12088.6 2

 3 Rest of the world (2) 790.6 1006.1 1207.8 1514.9 2045.7 1849.1 1535.1 1282.3 1891.6 2560.4 3

 4 Financial corporations 1284.0 1937.7 2739.5 2916.8 2920.4 3277.7 3147.3 2852.0 3713.9 4291.1 4

 5 Holdings at market value 8481.3 9748.1 12621.8 15393.9 19443.0 17571.2 15551.0 12346.6 16450.7 18940.1 5

 6 Household sector 4434.2 4712.2 6144.1 7648.7 10049.8 8204.6 6783.5 5121.4 6749.9 7483.9 6

 7 State and local governments 26.4 46.9 78.4 98.5 98.3 93.2 88.0 79.3 84.7 90.0 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Rest of the world (3) 484.6 584.3 837.3 1010.2 1196.0 1422.0 1409.4 1169.6 1524.4 1904.6 9

10 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 5.0 6.8 2.6 6.8 11.3 11.9 8.9 3.5 15.0 20.3 11

12 Savings institutions 14.3 17.8 23.3 24.5 23.8 24.2 27.9 29.1 30.4 28.2 12

13 Property-casualty insurance companies 133.5 147.5 184.3 197.9 205.2 191.4 171.0 149.4 178.4 196.6 13

14 Life insurance companies 309.6 406.9 539.7 683.2 909.0 891.9 811.3 708.9 919.3 1053.9 14

15 Private pension funds 1256.8 1403.1 1603.7 1869.2 1966.2 1970.6 1908.6 1588.6 2096.6 2338.5 15

16 State and local govt. retirement funds 703.5 846.6 1051.3 1188.1 1407.7 1298.7 1260.4 1056.8 1421.0 1600.9 16

17 Federal government retirement funds 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.2 17

18 Mutual funds 1024.9 1470.0 2018.7 2506.2 3376.7 3226.9 2834.0 2187.4 3051.3 3693.6 18

19 Closed-end funds 41.9 47.0 49.6 47.6 41.3 36.6 31.1 33.7 53.0 82.3 19

20 Exchange-traded funds 1.1 2.4 6.7 15.6 33.9 65.6 83.0 98.2 146.3 219.0 20

21 Brokers and dealers 34.2 37.9 51.9 54.4 66.9 77.2 85.1 74.9 100.5 129.1 21

22 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 Memo:

23 Market value of domestic corporations (4) 7460.8 8482.6 11095.5 13532.3 17015.0 15315.3 13609.1 10675.5 14035.5 15704.1 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 1852.8 2342.4 2989.4 3613.1 4538.5 4433.1 4135.4 3638.4 4654.2 5436.3 1

 2 Holdings at market value 1852.8 2342.4 2989.4 3613.1 4538.5 4433.1 4135.4 3638.4 4654.2 5436.3 2

 3 Household sector 1253.0 1561.5 1948.8 2351.8 2894.9 2704.2 2614.6 2218.4 2904.3 3417.4 3

 4 Nonfinancial corporate business 45.7 63.0 75.0 98.0 127.0 121.9 112.5 95.8 125.9 140.5 4

 5 State and local governments 35.0 41.0 33.6 34.1 33.4 30.8 28.1 24.3 25.9 27.5 5

 6 Rest of the world 59.9 82.3 109.0 135.1 169.5 149.0 116.6 98.0 146.1 195.8 6

 7 Commercial banking 2.3 2.6 8.1 9.1 12.4 15.0 21.3 19.6 17.1 18.1 7

 8 Credit unions 2.8 2.6 2.4 3.6 2.5 2.2 3.7 3.5 4.1 3.1 8

 9 Property-casualty insurance companies 0.7 1.0 1.7 2.2 2.7 2.9 3.0 3.0 4.3 5.2 9

10 Life insurance companies 33.5 42.5 57.2 73.2 98.7 97.0 88.3 76.6 91.7 114.4 10

11 Private pension funds 357.0 472.7 660.1 790.0 1056.5 1131.6 962.9 931.9 1126.9 1278.2 11

12 State and local govt. retirement funds 62.9 73.2 93.4 115.9 140.9 178.3 184.3 167.4 207.9 235.9 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, 1995-2004, March 11, 2010

L.215 Bank Loans Not Elsewhere Classified

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 Total loans by commercial

 1 banking, flow of funds basis 2647.3 2821.8 3055.4 3309.3 3515.5 3900.9 3973.3 4198.9 4461.2 4905.9 1

 - Loans elsewhere classified:

 2 Open market paper 5.7 6.5 2.7 1.1 1.4 1.5 0.0 0.0 0.0 0.0 2

 3 Mortgages 1090.2 1145.4 1245.3 1337.0 1495.4 1660.1 1789.8 2058.3 2255.8 2595.6 3

 4 Consumer credit 502.3 527.5 515.1 512.0 507.8 551.1 568.4 602.6 669.4 704.3 4

 5 Security credit 99.5 100.8 122.5 142.8 124.8 175.2 175.2 177.9 200.9 195.8 5

 6 = Banking sector total bank loans n.e.c. 949.6 1041.7 1169.8 1316.4 1386.2 1513.1 1439.8 1360.0 1335.1 1410.1 6

 7 U.S.-chartered commercial banks 701.6 759.8 867.9 1013.5 1106.8 1218.9 1159.3 1101.5 1083.0 1150.5 7

 8 Foreign banking offices in U.S. 232.6 264.8 284.0 282.4 260.0 274.6 256.1 237.5 225.7 234.0 8

 9 Bank holding companies 2.3 2.5 2.4 4.1 2.6 1.6 1.9 2.9 7.9 5.3 9

10 Banks in U.S.-affiliated areas 13.1 14.6 15.5 16.3 16.9 18.0 22.5 18.2 18.5 20.3 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 = Total bank loans n.e.c. 949.6 1041.7 1169.8 1316.4 1386.2 1513.1 1439.8 1360.0 1335.1 1410.1 12

13 Total liabilities 949.6 1041.7 1169.8 1316.4 1386.2 1513.1 1439.8 1360.0 1335.1 1410.1 13

14 Nonfinancial sectors 898.2 977.7 1092.5 1206.7 1287.9 1394.9 1300.7 1197.8 1151.4 1160.4 14

15 Households 57.4 58.0 66.5 72.0 62.9 63.6 41.5 17.3 49.8 26.7 15

16 Corporate business 601.8 642.1 692.7 768.8 808.8 852.7 743.7 635.5 548.3 542.7 16

17 Nonfarm noncorporate business 164.7 193.6 237.3 262.1 312.8 361.2 405.3 430.4 441.7 473.4 17

18 Farm business 39.7 40.4 43.9 45.1 44.2 46.9 46.9 46.0 45.5 47.7 18

19 Rest of the world 34.6 43.7 52.1 58.7 59.2 70.5 63.2 68.6 66.1 69.9 19

20 Foreign official institutions 2.6 2.9 2.1 2.8 3.0 3.5 4.3 5.1 4.5 5.5 20

21 Foreign banks 10.9 14.3 13.8 13.1 9.9 13.2 5.9 5.1 8.9 13.4 21

22 Other foreign 21.1 26.5 36.3 42.8 46.4 53.8 53.1 58.4 52.7 51.0 22

23 Financial sectors 51.4 64.0 77.3 109.6 98.4 118.2 139.2 162.3 183.7 249.7 23

24 Savings institutions 14.6 15.9 19.4 29.7 14.0 35.0 38.5 43.0 59.0 87.9 24

25 Finance companies 31.8 40.3 40.3 46.3 60.1 63.8 84.3 101.1 106.9 136.9 25

26 REITs 5.0 7.8 17.6 33.6 24.2 19.4 16.4 18.1 17.8 24.9 26

27 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
FFA, 1995-2004, March 11, 2010 85

L.216 Other Loans and Advances

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total other loans and advances 913.9 974.0 1071.8 1225.6 1364.5 1504.3 1529.4 1573.6 1613.0 1742.2 1

 2 U.S. government loans 130.0 132.7 138.8 136.5 129.6 126.9 119.1 118.6 116.7 113.7 2

 3 Liab.: Household sector 10.7 20.0 17.6 17.3 17.1 15.9 14.7 13.8 13.1 12.2 3

 4 Nonfinancial corporate business 8.5 7.9 8.3 8.0 7.6 7.6 6.3 7.3 8.1 8.4 4

 5 Nonfarm noncorporate business 39.5 39.6 44.3 43.8 43.7 42.2 38.2 39.2 39.4 40.8 5

 6 Farm business 6.1 5.6 5.3 4.9 4.9 5.1 4.9 4.6 4.4 4.0 6

 7 State and local governments 9.7 4.8 10.0 10.1 8.5 8.9 9.0 9.6 9.7 10.0 7

 8 Rest of the world 55.4 54.8 53.3 52.4 47.8 47.2 46.1 44.1 42.0 38.3 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Foreign loans to U.S. corporate business 122.1 126.0 143.3 142.3 119.5 117.3 115.7 125.8 125.0 131.2 12

13 Liab.: Nonfinancial corporate business 122.1 126.0 143.3 142.3 119.5 117.3 115.7 125.8 125.0 131.2 13

 Customers’ liability on acceptances

14 outstanding (bank asset) 22.3 23.4 20.6 11.3 8.2 7.5 4.6 4.6 4.4 4.0 14

15 Liab.: Nonfinancial corporate business 14.2 13.4 10.8 6.6 4.4 4.3 4.1 4.4 4.2 3.8 15

16 Rest of the world 8.2 9.9 9.7 4.7 3.9 3.1 0.5 0.2 0.2 0.3 16

17 Savings institution loans to business 12.8 15.7 18.8 24.2 30.6 39.3 42.9 46.2 56.3 57.6 17

18 Liab.: Nonfinancial corporate business 6.4 7.9 9.4 12.1 15.3 19.7 21.5 23.1 28.2 28.8 18

19 Nonfarm noncorporate business 6.4 7.9 9.4 12.1 15.3 19.7 21.5 23.1 28.2 28.8 19

20 Credit unions loans to business 15.5 16.1 16.7 16.9 18.4 20.5 21.0 23.1 23.0 24.9 20

21 Liab.: Nonfinancial corporate business 7.7 8.0 8.3 8.5 9.2 10.3 10.5 11.5 11.5 12.5 21

22 Nonfarm noncorporate business 7.7 8.0 8.3 8.5 9.2 10.3 10.5 11.5 11.5 12.5 22

23 Policy loans (Household liability) 96.9 101.4 104.6 104.7 100.0 102.8 105.0 106.0 105.2 106.8 23

24 Asset: Federal government 0.9 1.0 1.0 0.9 0.9 0.9 0.9 0.8 0.8 0.7 24

25 Life insurance companies 95.9 100.5 103.7 103.8 99.0 101.9 104.1 105.1 104.5 106.1 25

26 Government-sponsored enterprise loans (1) 166.0 195.3 230.7 324.2 432.3 477.6 505.9 514.7 545.8 619.4 26

27 Liab.: Household sector (SLMA) 0.8 0.9 0.7 0.6 0.7 0.4 0.4 0.4 0.3 0.0 27

28 Noncorporate business (FCS) 16.4 16.5 16.5 17.1 17.9 19.5 19.5 20.1 19.8 18.1 28

29 Farm business (FCS) 13.8 15.1 15.1 17.8 17.9 19.4 22.3 23.7 24.0 25.5 29

30 Commercial banks (FHLB and SLMA) 36.7 39.0 58.1 104.9 145.6 172.4 196.6 226.8 235.3 244.1 30

31 Savings institutions (FHLB and SLMA) 97.4 121.9 138.0 180.1 243.7 260.0 259.1 231.7 249.3 309.3 31

32 Credit unions (FHLB) 0.4 0.4 0.6 1.1 3.4 3.4 4.9 6.9 9.1 11.4 32

33 Life insurance companies (FHLB) 0.5 1.6 1.8 2.5 3.2 2.5 3.1 5.1 8.0 11.1 33

34 Securitized loans held by ABS issuers 29.6 37.7 62.1 85.9 82.6 89.8 105.6 112.4 111.4 111.4 34

35 Liab.: Nonfinancial corporate business 29.6 37.7 62.1 85.9 82.6 89.8 105.6 112.4 111.4 111.4 35

36 Finance company loans to business 301.6 304.7 304.1 340.9 395.1 456.2 440.2 444.0 441.7 451.5 36

37 Liab.: Nonfinancial corporate business 271.4 274.2 273.7 306.8 355.6 410.6 396.2 399.6 397.6 406.4 37

38 Nonfarm noncorporate business 30.2 30.5 30.4 34.1 39.5 45.6 44.0 44.4 44.2 45.2 38

39 Loans to nonfinancial corporate business (2) 17.2 21.0 32.2 38.7 48.1 66.4 69.5 78.2 83.4 121.5 39

40 Asset: Household sector 0.1 0.1 0.2 0.2 0.6 1.9 2.6 2.8 3.1 5.9 40

41 Life insurance companies 3.1 3.1 4.2 6.1 6.4 7.4 8.1 9.2 9.8 11.7 41

42 Mutual funds 10.2 11.0 14.4 17.1 19.9 24.3 17.0 17.5 16.4 26.0 42

43 ABS issuers 0.4 0.6 2.5 4.4 7.5 14.4 22.2 31.6 37.8 56.7 43

44 Brokers and dealers 2.6 3.9 7.4 6.7 6.8 8.9 10.3 8.9 9.0 14.2 44

45 Funding corporations 0.9 2.4 3.4 4.4 6.8 9.5 9.4 8.2 7.3 7.0 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, 1995-2004, March 11, 2010

L.217 Total Mortgages

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total mortgages 4524.9 4792.5 5104.6 5589.9 6195.7 6752.9 7460.6 8361.3 9365.2 10627.8 1

 2 Home 3445.4 3668.4 3902.6 4259.0 4683.0 5106.5 5658.5 6413.2 7222.3 8247.2 2

 3 Multifamily residential 273.9 286.1 297.8 331.5 372.5 402.1 444.1 483.1 562.9 616.0 3

 4 Commercial 734.0 763.6 825.6 916.3 1053.0 1159.6 1269.4 1369.6 1496.8 1668.9 4

 5 Farm 71.7 74.4 78.5 83.1 87.2 84.7 88.5 95.4 83.2 95.7 5

 6 Total liabilities 4524.9 4792.5 5104.6 5589.9 6195.7 6752.9 7460.6 8361.3 9365.2 10627.8 6

 7 Household sector 3410.8 3620.4 3834.4 4146.2 4530.0 4925.8 5454.6 6185.9 7038.3 7993.5 7

 8 Nonfinancial business 1090.1 1140.2 1223.3 1372.0 1586.8 1743.6 1920.2 2078.4 2221.0 2502.9 8

 9 Corporate 213.3 222.6 254.0 253.9 329.5 351.2 402.9 433.2 512.5 570.6 9

10 Nonfarm noncorporate 805.0 843.2 890.9 1035.1 1170.1 1307.6 1428.8 1549.8 1625.3 1836.6 10

11 Farm 71.7 74.4 78.5 83.1 87.2 84.7 88.5 95.4 83.2 95.7 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 24.1 31.9 46.8 71.6 78.8 83.6 85.8 97.0 105.9 131.4 13

14 Total assets 4524.9 4792.5 5104.6 5589.9 6195.7 6752.9 7460.6 8361.3 9365.2 10627.8 14

15 Household sector 113.3 105.8 98.7 94.3 101.6 103.4 108.7 116.6 120.9 131.3 15

16 Nonfinancial corporate business 57.9 54.4 80.2 67.3 41.2 43.5 46.6 49.6 51.8 66.6 16

17 Nonfarm noncorporate business 21.7 20.4 18.7 26.3 24.1 23.4 26.8 26.2 26.3 30.8 17

18 State and local governments 113.8 117.6 121.3 127.4 131.8 130.5 129.7 124.4 132.9 141.2 18

19 Federal government 57.5 50.3 45.7 44.9 77.7 75.7 74.5 75.1 72.6 74.2 19

20 Commercial banking 1090.2 1145.4 1245.3 1337.0 1495.4 1660.1 1789.8 2058.3 2255.8 2595.6 20

21 Savings institutions (1) 596.8 628.3 631.8 644.0 668.1 723.0 758.0 781.0 870.6 1057.4 21

22 Credit unions 51.0 59.9 69.4 80.0 92.6 104.4 120.3 136.4 159.6 188.3 22

23 Property-casualty insurance companies 2.8 2.4 2.2 2.0 1.9 1.6 1.9 2.0 2.1 2.4 23

24 Life insurance companies 213.1 208.2 206.8 213.6 230.8 235.9 243.0 250.0 260.9 273.3 24

25 Private pension funds 8.6 9.3 10.1 9.9 11.7 11.9 9.8 10.3 10.2 10.0 25

26 State and local govt. retirement funds 15.9 16.7 17.6 22.4 25.7 22.1 21.0 21.1 20.4 15.1 26

27 Government-sponsored enterprises (1) 250.4 244.1 239.4 247.0 242.0 264.3 297.5 357.3 621.5 629.0 27

28 Agency- and GSE-backed mortgage pools 1570.7 1711.7 1826.3 2019.0 2293.5 2493.2 2831.8 3158.6 3331.5 3374.6 28

29 ABS issuers 241.5 277.6 339.4 467.8 538.7 604.5 725.1 836.0 1009.3 1443.7 29

30 Finance companies 105.5 126.7 128.6 160.9 195.3 237.9 258.2 330.5 370.2 476.0 30

31 REITs 14.1 13.8 22.9 26.3 23.4 17.4 17.8 28.0 48.7 118.1 31

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 1995-2004, March 11, 2010 87

L.218 Home Mortgages (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 3445.4 3668.4 3902.6 4259.0 4683.0 5106.5 5658.5 6413.2 7222.3 8247.2 1

 2 Household sector 3318.9 3523.8 3739.3 4040.6 4416.3 4798.4 5305.4 6009.9 6876.9 7814.2 2

 3 Nonfinancial corporate business 7.2 8.3 8.6 10.0 12.1 14.1 16.2 16.9 18.8 23.5 3

 4 Nonfarm noncorporate business 119.3 136.3 154.7 208.4 254.6 294.1 336.9 386.4 326.7 409.4 4

 5 Total assets 3445.4 3668.4 3902.6 4259.0 4683.0 5106.5 5658.5 6413.2 7222.3 8247.2 5

 6 Household sector 95.9 87.0 78.1 73.1 80.2 87.3 94.2 100.3 106.3 112.9 6

 7 Nonfinancial corporate business 33.8 24.5 29.8 27.1 20.2 21.4 23.0 24.9 26.1 39.9 7

 8 Nonfarm noncorporate business 8.2 7.6 7.0 9.7 8.9 8.7 9.9 9.6 9.7 11.3 8

 9 State and local governments 60.5 62.8 65.8 65.0 67.2 66.6 66.2 63.4 67.8 72.0 9

10 Federal government 24.2 21.2 19.1 18.8 18.4 16.5 15.9 15.0 14.1 13.6 10

11 Commercial banking 650.2 681.3 749.3 800.8 883.8 969.9 1028.3 1227.1 1359.7 1581.6 11

12 Savings institutions 482.4 513.7 520.7 533.5 548.2 594.2 620.4 631.1 702.8 874.2 12

13 Credit unions 51.0 59.9 69.4 80.0 92.6 104.4 120.3 136.4 159.6 188.3 13

14 Life insurance companies 10.3 8.5 8.7 8.2 8.3 7.5 7.8 6.7 8.4 8.1 14

15 Private pension funds 4.4 5.0 5.7 5.8 6.6 7.7 4.6 2.8 1.7 1.4 15

16 State and local govt. retirement funds 4.4 5.0 5.6 7.2 8.2 7.1 6.9 7.6 7.3 5.4 16

17 Government-sponsored enterprises 209.5 202.9 198.2 203.9 193.5 209.6 231.2 276.8 519.1 508.6 17

18 Agency- and GSE-backed mortgage pools 1543.4 1678.8 1788.1 1970.2 2234.7 2425.6 2748.5 3063.7 3216.0 3256.3 18

19 ABS issuers 193.8 215.4 253.8 321.9 353.7 385.5 463.2 543.6 666.4 1048.6 19

20 Finance companies 66.5 87.0 89.4 119.1 147.2 186.9 209.7 285.6 320.2 422.0 20

21 REITs 6.9 8.0 14.0 14.8 11.2 7.8 8.5 18.7 37.1 102.9 21

 Memo:

22 Home equity loans included above (2) 237.5 262.6 297.0 309.9 334.3 407.9 438.9 500.7 593.4 775.6 22

23 Commercial banking 140.0 153.8 174.0 176.9 189.5 235.0 258.6 303.3 366.0 483.5 23

24 Savings institutions 50.5 52.3 55.5 55.9 59.7 72.8 77.9 78.5 95.6 121.2 24

25 Credit unions 22.9 25.5 29.0 29.7 33.4 40.7 44.9 48.0 51.7 63.9 25

26 ABS issuers 2.7 3.5 4.8 6.9 8.4 10.5 12.4 15.0 16.1 23.3 26

27 Finance companies 21.4 27.5 33.8 40.5 43.3 49.0 45.0 56.0 64.0 83.7 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 273.9 286.1 297.8 331.5 372.5 402.1 444.1 483.1 562.9 616.0 1

 2 Nonfinancial corporate business 21.1 21.7 22.5 23.5 24.7 25.9 27.3 28.8 30.4 32.4 2

 3 Nonfarm noncorporate business 244.8 253.9 259.9 284.3 333.2 358.5 397.7 433.4 511.1 558.7 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 7.9 10.5 15.4 23.6 14.6 17.6 19.1 20.8 21.3 24.9 5

 6 Total assets 273.9 286.1 297.8 331.5 372.5 402.1 444.1 483.1 562.9 616.0 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.1 0.8 1.4 1.1 0.9 0.8 0.9 0.9 1.0 1.0 8

 9 Nonfarm noncorporate business 7.2 6.8 6.2 8.9 8.0 7.8 9.0 8.8 8.8 10.4 9

10 State and local governments 44.1 45.9 46.5 50.9 52.7 52.2 51.9 49.7 53.1 56.5 10

11 Federal government 17.7 14.8 13.9 13.6 13.6 13.9 13.7 14.3 14.5 15.0 11

12 Commercial banking 42.5 45.5 49.7 54.6 67.7 77.8 84.9 94.2 104.5 118.7 12

13 Savings institutions 62.0 61.6 59.5 57.0 59.3 61.3 64.6 68.6 77.9 87.5 13

14 Life insurance companies 28.7 30.8 30.4 31.5 32.8 33.7 35.6 36.8 38.6 40.5 14

15 Private pension funds 1.0 1.0 1.0 0.9 1.1 1.1 1.4 1.9 2.2 2.2 15

16 State and local govt. retirement funds 4.5 4.7 5.0 6.3 7.2 6.2 6.0 6.3 6.1 4.5 16

17 Government-sponsored enterprises 18.5 17.7 16.2 16.2 20.5 25.0 33.2 41.7 68.2 82.5 17

18 Agency- and GSE-backed mortgage pools 26.9 32.5 37.8 48.3 57.5 66.0 81.6 94.5 114.5 117.4 18

19 ABS issuers 11.9 15.7 20.2 33.1 41.6 46.9 52.8 58.3 66.2 72.7 19

20 Finance companies 7.2 7.2 8.0 7.0 7.2 7.6 7.1 5.7 5.7 5.6 20

21 REITs 1.6 1.2 2.1 2.1 2.3 1.7 1.4 1.3 1.5 1.6 21
88 FFA, 1995-2004, March 11, 2010

L.220 Commercial Mortgages

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 734.0 763.6 825.6 916.3 1053.0 1159.6 1269.4 1369.6 1496.8 1668.9 1

 2 Household sector 91.9 96.6 95.1 105.6 113.7 127.5 149.2 175.9 161.4 179.2 2

 3 Nonfinancial corporate business 185.1 192.6 222.8 220.3 292.7 311.2 359.4 387.5 463.2 514.7 3

 4 Nonfarm noncorporate business 440.9 453.0 476.3 542.3 582.4 655.0 694.2 730.0 787.6 868.6 4

 5 REITs 16.1 21.4 31.4 48.0 64.3 65.9 66.6 76.1 84.5 106.5 5

 6 Total assets 734.0 763.6 825.6 916.3 1053.0 1159.6 1269.4 1369.6 1496.8 1668.9 6

 7 Household sector 5.3 6.0 6.6 7.4 8.3 10.0 9.3 10.6 11.6 12.9 7

 8 Nonfinancial corporate business 24.0 29.1 49.1 39.1 20.1 21.2 22.7 23.7 24.7 25.6 8

 9 Nonfarm noncorporate business 5.9 5.6 5.1 7.2 6.7 6.5 7.4 7.2 7.3 8.5 9

10 State and local governments 7.7 7.5 7.7 10.2 10.5 10.4 10.4 10.0 10.6 11.3 10

11 Federal government 9.4 8.5 7.8 7.9 41.5 41.1 41.0 42.1 40.5 42.4 11

12 Commercial banking 377.3 397.5 423.1 456.3 516.3 582.6 645.6 704.0 762.6 860.7 12

13 Savings institutions 52.1 52.7 51.3 53.0 60.1 67.0 72.5 80.7 89.2 95.1 13

14 Property-casualty insurance companies 2.8 2.4 2.2 2.0 1.9 1.6 1.9 2.0 2.1 2.4 14

15 Life insurance companies 165.9 160.3 158.8 164.0 179.0 183.8 188.4 195.0 203.9 214.1 15

16 Private pension funds 3.2 3.3 3.4 3.2 4.0 3.1 3.7 5.7 6.4 6.4 16

17 State and local govt. retirement funds 7.0 7.0 7.0 9.0 10.3 8.8 8.1 7.2 6.9 5.1 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 35.8 46.5 65.4 112.8 143.4 172.1 209.1 234.2 276.6 322.5 19

20 Finance companies 31.8 32.6 31.3 34.8 40.9 43.4 41.4 39.2 44.2 48.4 20

21 REITs 5.6 4.6 6.9 9.4 9.9 8.0 7.9 8.1 10.1 13.6 21

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities (Farm business) 71.7 74.4 78.5 83.1 87.2 84.7 88.5 95.4 83.2 95.7 1

 2 Total assets 71.7 74.4 78.5 83.1 87.2 84.7 88.5 95.4 83.2 95.7 2

 3 Household sector 12.1 12.8 14.0 13.7 13.1 6.1 5.2 5.8 3.0 5.5 3

 4 Nonfarm noncorporate business 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.6 4

 5 State and local governments 1.4 1.4 1.4 1.3 1.3 1.3 1.3 1.2 1.3 1.4 5

 6 Federal government 6.2 5.8 4.9 4.5 4.3 4.1 4.0 3.7 3.4 3.2 6

 7 Commercial banking 20.2 21.2 23.2 25.2 27.6 29.8 31.1 33.1 29.0 34.6 7

 8 Savings institutions 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 8

 9 Life insurance companies 8.2 8.6 8.9 9.9 10.6 11.1 11.2 11.4 10.0 10.7 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 22.5 23.5 25.0 27.0 28.1 29.7 33.1 38.8 34.2 38.0 11

12 Agency- and GSE-backed mortgage pools 0.4 0.4 0.4 0.5 1.3 1.6 1.7 0.4 1.0 0.9 12

(1) Excludes mortgages on farm houses.
FFA, 1995-2004, March 11, 2010 89

L.222 Consumer Credit

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities (Households) 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 1

 2 Total assets 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 2

 3 Nonfinancial corporate business 85.1 77.7 84.4 79.3 76.1 81.5 73.1 74.7 59.0 59.2 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 9.2 17.7 27.6 36.5 48.0 59.7 72.5 80.5 82.4 86.1 5

 6 Commercial banking 502.3 527.5 515.1 512.0 507.8 551.1 568.4 602.6 669.4 704.3 6

 7 Savings institutions 40.1 44.7 47.2 52.4 61.7 64.8 71.1 68.7 77.9 91.3 7

 8 Credit unions 131.9 144.1 152.4 155.4 167.9 184.4 189.6 195.7 205.9 215.4 8

 9 Government-sponsored enterprises 34.3 33.8 29.5 28.4 33.8 37.0 39.4 36.9 20.6 0.0 9

10 ABS issuers 213.1 273.5 320.5 393.9 456.7 528.4 597.8 630.4 594.8 571.5 10

11 Finance companies 152.1 154.9 167.5 183.3 201.6 234.4 280.0 307.5 393.0 492.3 11

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 1443.4 1554.6 1682.8 1787.8 2049.7 2444.2 2359.8 2446.6 2468.1 2662.8 1

 2 Household sector 101.1 109.1 118.0 126.8 130.9 134.7 132.9 152.0 156.8 173.3 2

 3 Nonfinancial corporate business 877.5 927.0 992.1 1049.7 1228.2 1541.4 1437.7 1457.4 1402.7 1499.9 3

 4 Nonfarm noncorporate business 86.2 116.8 147.8 178.6 213.3 259.9 255.0 281.0 255.3 277.4 4

 5 Farm business 11.6 13.0 14.1 13.7 13.5 7.8 8.1 7.6 7.1 9.1 5

 6 State and local governments 229.2 247.4 266.9 287.7 310.5 335.5 362.4 390.7 419.7 449.9 6

 7 Federal government 81.0 82.1 73.8 66.3 72.1 77.7 81.0 82.0 153.6 169.0 7

 8 Rest of the world 46.5 44.8 50.0 46.1 50.4 51.2 43.5 38.6 44.7 48.2 8

 9 Brokers and dealers 10.3 14.3 19.9 18.9 30.9 35.9 39.2 37.4 28.2 36.0 9

10 Total trade receivables 1583.2 1722.0 1872.7 1995.9 2238.4 2616.6 2518.4 2440.2 2439.1 2622.4 10

11 Nonfinancial corporate business 1184.9 1273.1 1361.1 1448.4 1657.6 1939.2 1817.9 1719.6 1701.8 1830.6 11

12 Nonfarm noncorporate business 140.3 169.8 204.9 233.1 272.6 342.1 343.9 362.8 337.7 364.3 12

13 State and local governments 77.3 82.9 89.2 96.3 104.9 109.9 115.9 118.4 126.5 134.4 13

14 Federal government 23.1 24.0 20.8 22.3 22.9 28.1 35.5 32.2 51.3 61.8 14

15 Rest of the world 49.3 54.9 55.8 49.3 49.7 49.4 46.2 48.8 50.1 49.0 15

16 Property-casualty insurance companies 57.3 57.2 59.9 61.5 63.6 64.6 69.9 74.8 79.3 79.6 16

17 ABS issuers 50.9 60.1 81.0 85.0 67.2 83.3 89.1 83.5 92.3 102.6 17

18 Discrepancy -139.8 -167.4 -189.9 -208.1 -188.7 -172.5 -158.6 6.4 29.0 40.4 18

L.224 Security Credit

Billions of dollars

 1 Total liabilities 305.7 358.1 469.1 572.2 676.6 822.7 825.9 738.8 858.8 1038.2 1

 2 Household sector 78.6 94.4 131.2 152.8 227.9 235.1 196.4 148.2 182.5 264.0 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 227.1 263.7 337.9 419.5 448.7 587.6 629.5 590.6 676.3 774.2 4

 5 Customer credit balances (HH) 127.6 162.9 215.5 276.7 323.9 412.4 454.3 412.7 475.4 578.3 5

 6 From U.S.-chartered commercial banks 65.1 60.2 64.4 76.3 67.6 74.7 81.9 79.2 91.4 102.2 6

 7 From foreign banking offices in U.S. 34.4 40.6 58.0 66.5 57.2 100.5 93.3 98.7 109.5 93.7 7

 8 Total assets 305.7 358.1 469.1 572.2 676.6 822.7 825.9 738.8 858.8 1038.2 8

 9 Household sector 127.6 162.9 215.5 276.7 323.9 412.4 454.3 412.7 475.4 578.3 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 99.5 100.8 122.5 142.8 124.8 175.2 175.2 177.9 200.9 195.8 11

12 Brokers and dealers 78.6 94.4 131.2 152.8 227.9 235.1 196.4 148.2 182.5 264.0 12
90 FFA, 1995-2004, March 11, 2010

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 Life insurance reserves:

 1 Total liabilities 566.2 610.6 665.0 718.3 783.9 819.1 880.0 920.9 1013.2 1060.4 1

 2 Federal government 29.9 30.5 32.3 33.6 35.0 36.4 37.8 39.4 40.5 41.6 2

 3 Life insurance companies 536.3 580.1 632.7 684.7 748.9 782.7 842.2 881.6 972.7 1018.8 3

 4 Total assets (Households) 566.2 610.6 665.0 718.3 783.9 819.1 880.0 920.9 1013.2 1060.4 4

 Pension fund reserves:

 5 Total liabilities 5725.1 6386.7 7360.7 8265.4 9264.1 9171.3 8764.3 8189.4 9718.9 10635.5 5

 6 Life insurance companies 890.6 974.0 1116.3 1288.4 1478.4 1526.3 1558.5 1604.9 1803.2 2027.9 6

 7 Private pension funds (1) 2939.4 3268.5 3759.9 4198.1 4651.5 4508.1 4095.9 3717.3 4561.3 4963.0 7

 8 State and local govt. retirement funds 1354.0 1538.3 1825.4 2062.9 2360.2 2340.3 2250.3 1973.4 2396.0 2621.3 8

 9 Federal government retirement funds (2) 541.1 605.8 659.1 716.0 774.0 796.7 859.7 893.8 958.5 1023.3 9

10 Total assets (Households) (3) 5725.1 6386.7 7360.7 8265.4 9264.1 9171.3 8764.3 8189.4 9718.9 10635.5 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 94.8 110.8 117.1 130.3 150.5 179.4 191.2 200.6 198.8 219.2 1

 2 Nonfinancial corporate business 40.3 49.9 59.2 64.1 71.0 78.0 81.0 93.0 81.2 88.0 2

 3 Nonfarm noncorporate business 33.4 35.7 39.9 44.1 53.0 64.6 68.7 70.2 69.7 78.0 3

 4 U.S.-chartered commercial banks (net) -1.6 0.9 5.7 7.9 10.9 20.1 22.9 33.8 35.1 33.6 4

 5 Savings institutions 1.6 1.1 1.7 2.4 1.5 2.0 3.0 2.2 2.6 3.6 5

 6 Property-casualty insurance companies (net) 3.3 3.9 4.4 3.3 3.4 3.4 3.7 -3.7 1.0 1.5 6

 7 Life insurance companies (net) 12.0 12.5 -1.6 -0.1 0.5 0.1 -0.3 -7.7 -5.8 -2.7 7

 8 Finance companies 4.9 5.7 6.5 7.3 8.1 9.1 10.2 11.6 13.2 15.0 8

 9 Brokers and dealers 1.1 1.3 1.3 1.3 2.2 2.1 1.9 1.3 1.8 2.2 9

10 Total business taxes receivable 45.2 116.3 115.2 110.1 113.8 128.9 134.1 150.2 167.2 190.9 10

11 State and local governments 27.9 26.1 26.9 28.1 33.5 45.6 50.1 59.5 73.6 99.6 11

12 Federal government 17.3 90.2 88.4 82.0 80.3 83.3 84.0 90.7 93.7 91.2 12

13 Discrepancy 49.7 -5.5 1.8 20.2 36.7 50.5 57.1 50.5 31.5 28.4 13

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 3493.4 3728.3 3982.5 4252.8 4460.8 4870.8 5032.7 5262.6 5852.3 6758.2 1

 2 Nonfarm noncorporate business 2715.5 2893.6 3115.1 3372.9 3536.9 3883.9 4015.7 4238.5 4690.3 5428.4 2

 3 Farm business 772.5 828.2 857.9 870.4 912.4 975.2 1010.8 1019.1 1149.0 1318.6 3

 4 Brokers and dealers 5.4 6.5 9.5 9.6 11.5 11.7 6.2 5.0 13.0 11.2 4
FFA, 1995-2004, March 11, 2010 91

L.228 Total Miscellaneous Financial Claims

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 6367.8 6822.5 7170.3 8066.6 9052.4 10091.0 10850.8 11523.2 11887.8 13169.2 1

 2 Household sector 17.5 18.3 18.6 17.2 19.4 19.6 19.1 20.0 20.9 22.5 2

 3 Nonfinancial corporate business 2150.2 2261.4 2105.9 2490.4 2837.2 3358.3 3464.9 3513.1 3406.9 3581.6 3

 4 Nonfarm noncorporate business 214.8 245.5 301.3 392.9 466.8 552.4 607.7 627.0 649.7 718.2 4

 5 Federal government 513.0 568.7 608.3 649.6 690.6 711.3 772.0 811.7 855.8 913.9 5

 6 Rest of the world 1029.0 1154.4 1236.7 1351.3 1659.0 1850.9 2058.7 2373.6 2464.0 3084.0 6

 7 Monetary authority 6.6 6.6 8.7 9.2 8.3 9.3 7.0 8.1 8.3 12.5 7

 8 Commercial banking 852.8 866.1 1023.4 1114.4 1075.5 1045.7 1069.8 1270.4 1336.9 1426.8 8

 9 Savings institutions 45.5 43.8 38.0 33.9 20.9 31.9 46.9 61.6 28.1 33.2 9

10 Credit unions 4.5 4.6 4.6 5.2 6.0 5.6 3.8 5.7 7.4 9.3 10

11 Property-casualty insurance companies 501.6 509.9 522.3 527.7 534.4 543.0 574.6 615.7 667.2 708.3 11

12 Life insurance companies 514.5 547.4 610.5 624.2 651.8 631.2 631.2 656.5 761.3 814.7 12

13 Government-sponsored enterprises 65.1 65.7 74.6 95.6 90.1 97.0 148.2 188.4 151.5 143.7 13

14 Finance companies 218.9 222.6 222.0 211.6 283.7 417.6 471.5 539.2 666.4 719.6 14

15 REITs 6.7 9.2 18.0 31.6 36.2 38.0 38.0 40.8 42.3 50.4 15

16 Brokers and dealers 91.7 122.1 152.0 195.4 208.3 216.6 358.5 258.5 296.4 376.4 16

17 Funding corporations 135.3 176.5 225.3 316.4 464.2 562.4 578.9 532.7 524.6 554.1 17

18 Total assets 7260.5 8017.4 8894.7 10429.8 12096.4 14257.8 15047.2 15611.5 16061.9 17723.8 18

19 Household sector 328.3 338.9 351.5 360.8 372.6 378.7 397.8 444.9 501.3 553.8 19

20 Nonfinancial corporate business 3075.1 3417.5 3627.1 4474.1 5412.3 6692.7 6902.8 7032.4 7092.8 7668.6 20

21 Nonfarm noncorporate business 167.0 203.5 259.9 382.1 463.8 553.7 683.6 724.2 774.7 1009.5 21

22 Farm business 32.4 32.3 32.8 36.1 37.3 37.7 38.9 39.9 41.2 43.2 22

23 State and local governments 89.5 95.3 170.9 174.0 165.6 143.1 124.4 91.3 73.0 64.6 23

24 Federal government 116.9 110.2 106.7 113.8 119.0 123.6 125.6 128.7 130.7 134.0 24

25 Rest of the world 892.5 1004.1 1176.3 1369.7 1844.6 2155.2 2250.4 2432.8 2267.5 2498.5 25

26 Monetary authority 10.7 11.2 13.2 16.1 16.8 19.3 20.3 19.6 18.2 18.6 26

27 Commercial banking 802.4 829.8 941.9 1075.2 1110.2 1423.2 1626.8 1781.4 1915.7 2136.4 27

28 Savings institutions 54.7 52.9 49.7 62.1 60.0 67.6 84.2 103.3 98.1 166.7 28

29 Credit unions 13.9 13.7 17.6 24.3 8.0 12.9 18.3 30.4 26.3 24.5 29

30 Property-casualty insurance companies 37.8 33.6 42.8 47.0 47.8 47.9 49.3 79.0 84.6 89.9 30

31 Life insurance companies 105.1 73.7 65.7 69.2 36.9 55.6 40.1 46.8 74.7 126.6 31

32 Private pension funds 501.2 545.2 574.2 584.5 587.6 527.3 426.8 402.7 467.3 479.2 32

33 State and local govt. retirement funds 4.8 5.5 5.6 5.8 7.1 8.2 10.0 10.4 11.3 15.9 33

34 Federal government retirement funds 506.3 561.4 601.7 642.9 684.0 704.9 765.8 790.3 815.0 855.9 34

35 Money market mutual funds 39.4 43.8 58.1 65.7 90.6 68.3 65.1 56.5 56.2 53.3 35

36 Mutual funds 6.3 4.7 11.8 7.7 4.2 3.5 0.9 0.9 2.0 7.0 36

37 Government-sponsored enterprises 26.9 60.1 67.7 67.6 72.5 63.4 68.9 90.9 109.4 113.9 37

38 Finance companies 18.2 22.9 37.3 3.1 17.2 51.7 67.5 81.1 120.5 94.5 38

39 REITs 7.3 5.6 10.5 21.2 19.9 21.7 22.4 25.0 29.3 40.4 39

40 Brokers and dealers 258.2 320.7 391.8 499.3 522.8 655.1 821.0 723.7 858.8 994.0 40

41 Funding corporations 165.5 230.7 280.1 327.3 395.7 442.4 436.5 475.2 493.4 534.8 41

42 Discrepancy -892.7 -1194.9 -1724.4 -2363.2 -3044.0 -4166.8 -4196.4 -4088.3 -4174.1 -4554.6 42
92 FFA, 1995-2004, March 11, 2010

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 885.5 989.8 1068.1 1196.0 1414.4 1531.6 1693.1 1867.0 2054.5 2498.5 1

 2 Asset: Nonfinancial corporate business 778.7 866.5 933.1 1041.0 1250.7 1351.6 1489.8 1611.9 1745.1 2094.7 2

 3 Commercial banking 37.9 42.8 44.2 31.2 36.0 44.5 50.6 51.0 57.5 93.5 3

 4 Property-casualty insurance companies 37.8 33.6 42.8 47.0 47.8 47.9 49.3 79.0 84.6 89.9 4

 5 Life insurance companies 5.6 6.6 8.6 11.1 9.4 10.4 8.6 12.2 14.4 16.6 5

 6 Finance companies 22.8 27.9 35.1 58.0 20.5 16.2 11.9 12.4 15.7 14.7 6

 7 Brokers and dealers 2.8 12.4 4.2 7.7 49.9 61.0 83.0 100.5 137.3 189.2 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 651.3 704.8 756.4 817.8 912.5 1180.0 1266.2 1252.5 1302.0 1409.8 8

 9 Nonfarm noncorporate business 2.8 4.0 3.9 3.4 3.6 3.3 3.3 4.0 3.3 3.0 9

10 Commercial banking 32.7 30.3 38.8 46.1 62.0 64.2 67.2 73.3 85.2 122.7 10

11 Property-casualty insurance companies 36.8 38.5 46.2 47.3 51.5 60.9 66.4 63.3 68.2 61.4 11

12 Life insurance companies 13.8 17.6 25.2 27.3 32.1 42.9 38.8 49.6 46.6 66.6 12

13 Finance companies 7.5 8.9 5.5 8.0 9.9 9.3 12.9 14.5 30.7 21.8 13

14 Brokers and dealers 17.4 20.8 29.4 29.7 38.7 54.0 56.1 35.4 37.4 49.6 14

15 Funding corporations -82.2 -79.2 -81.2 -59.5 -8.5 6.6 7.7 7.3 7.6 7.8 15

16 Asset: Rest of the world 680.1 745.6 824.1 920.0 1101.7 1421.0 1518.5 1500.0 1581.0 1742.7 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 27.4 29.2 30.8 32.4 33.9 35.4 37.1 38.6 40.0 42.0 17

18 Asset: Federal government 27.4 29.2 30.8 32.4 33.9 35.4 37.1 38.6 40.0 42.0 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 4.0 4.6 5.4 6.0 6.4 7.0 7.4 8.4 8.8 11.9 19

20 Asset: Commercial banking 4.0 4.6 5.4 6.0 6.4 7.0 7.4 8.4 8.8 11.9 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 18.3 19.7 21.5 25.5 31.6 33.8 37.1 39.1 42.3 44.8 21

22 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Nonfarm noncorporate (BC) 1.0 1.7 1.7 1.6 1.6 1.6 1.8 1.8 2.1 2.0 23

24 Farm business (FICB and FLB) 2.2 1.5 1.5 1.7 1.6 1.6 2.0 2.1 2.5 2.7 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Commercial banks (FHLB) 5.8 6.7 8.0 10.0 13.0 13.8 15.2 17.5 18.7 19.3 26

27 Savings institutions (FHLB) 9.1 9.5 9.9 11.8 14.5 15.7 17.0 16.0 16.4 17.4 27

28 Credit unions (FHLB) 0.2 0.2 0.2 0.3 0.5 0.6 0.9 1.2 1.4 1.7 28

29 Life insurance companies (FHLB) 0.1 0.2 0.2 0.2 0.3 0.4 0.3 0.5 1.1 1.7 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 344.3 372.9 413.6 469.0 471.9 525.4 586.1 639.2 689.8 857.0 30

31 Savings institutions 4.5 4.7 5.0 8.2 9.3 11.1 13.0 13.2 15.6 19.0 31

32 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 15.6 19.6 23.4 25.9 32

33 Finance companies 28.6 31.5 35.2 36.0 83.9 109.2 144.9 161.1 181.8 234.1 33

34 Brokers and dealers 31.6 28.7 49.7 89.8 58.1 69.4 45.9 25.5 44.2 62.3 34

35 Asset: Bank holding companies 408.9 437.8 503.5 603.0 623.1 715.1 805.6 858.5 954.8 1198.2 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 22.5 23.0 28.0 18.0 28.6 29.4 11.6 18.5 21.0 23.6 36

37 Asset: Nonfinancial corporate business 22.5 23.0 28.0 18.0 28.6 29.4 11.6 18.5 21.0 23.6 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 50.7 64.5 78.8 90.6 93.0 138.7 108.7 127.3 134.7 167.7 38

39 Brokers and dealers 114.8 166.3 201.3 236.8 302.7 303.8 327.7 347.9 358.7 367.1 39

40 Asset: Funding corporations 165.5 230.7 280.1 327.3 395.7 442.4 436.5 475.2 493.4 534.8 40

 Equity investment under Public-Private Inv. Program:

41 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
FFA, 1995-2004, March 11, 2010 93

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.3 2.1 2.1 1.9 2.6 2.6 2.5 2.6 2.8 2.8 1

 2 Asset: Federal government 2.3 2.1 2.1 1.9 2.6 2.6 2.5 2.6 2.8 2.8 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.3 18.0 18.0 24.9 17.1 17.1 25.7 27.6 20.5 18.4 6

 7 Asset: Savings institutions 19.3 18.0 18.0 24.9 17.1 17.1 25.7 27.6 20.5 18.4 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 17.5 18.3 18.6 17.2 19.4 19.6 19.1 20.0 20.9 22.5 8

 9 Asset: Life insurance companies 17.5 18.3 18.6 17.2 19.4 19.6 19.1 20.0 20.9 22.5 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 121.5 129.3 140.0 150.3 162.0 168.9 175.4 185.6 199.5 211.0 10

11 Health 63.2 69.4 75.7 83.0 93.5 97.4 100.5 110.6 121.5 131.3 11

12 Policy dividend accumulation 33.7 34.5 36.4 37.1 38.4 39.5 40.4 40.6 40.5 41.7 12

13 Policy and contract claims 24.6 25.4 27.8 30.2 30.1 32.0 34.4 34.5 37.5 38.0 13

14 Asset: Household sector 121.5 129.3 140.0 150.3 162.0 168.9 175.4 185.6 199.5 211.0 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 464.8 471.4 476.2 480.4 482.9 482.1 508.2 552.4 599.0 646.9 15

16 Asset: Household sector 206.8 209.6 211.6 210.5 210.6 209.9 222.4 243.9 266.8 290.4 16

17 Nonfinancial corporate business 183.6 186.2 188.1 189.8 190.8 190.4 200.8 218.2 236.6 255.5 17

18 Nonfarm noncorporate business 44.2 44.8 45.2 45.6 45.9 45.8 48.3 52.5 56.9 60.5 18

19 Farm business 30.2 30.8 31.3 34.5 35.7 36.0 36.8 37.8 38.7 40.5 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 322.2 341.0 351.7 344.3 346.0 308.2 275.8 249.6 317.0 328.4 20

21 Asset: Private pension funds 322.2 341.0 351.7 344.3 346.0 308.2 275.8 249.6 317.0 328.4 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 83.8 89.2 97.6 110.5 92.1 73.0 48.4 49.9 49.8 46.6 22

23 Asset: Private pension funds 83.8 89.2 97.6 110.5 92.1 73.0 48.4 49.9 49.8 46.6 23

 Securities borrowed (net):

24 Liab.: Funding corporations 216.2 276.1 333.3 403.3 419.5 508.2 578.3 575.4 678.0 764.8 24

25 Asset: Brokers and dealers 216.2 276.1 333.3 403.3 419.5 508.2 578.3 575.4 678.0 764.8 25

 Nonmarketable government securities:

26 Liab.: Federal government 506.3 561.4 601.7 642.9 684.0 704.9 765.8 790.3 815.0 855.9 26

27 Asset: Federal government retirement funds 506.3 561.4 601.7 642.9 684.0 704.9 765.8 790.3 815.0 855.9 27

 Retiree Health Care Funds (2):

28 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.4 35.0 52.4 28

29 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.4 35.0 52.4 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, 1995-2004, March 11, 2010

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total liabilities 2402.0 2435.2 2369.7 2762.8 3191.4 3590.7 3904.9 4249.0 3954.7 4123.0 1

 2 Nonfinancial corporate business 1415.1 1467.4 1251.9 1562.2 1832.6 2105.4 2150.3 2210.6 2055.1 2125.2 2

 3 Nonfarm noncorporate business 212.0 241.5 297.5 389.6 463.2 549.2 604.3 623.1 646.5 715.2 3

 4 Federal government 6.7 7.3 6.6 6.7 6.6 6.4 6.2 6.0 5.8 5.6 4

 5 Rest of the world 113.8 133.2 135.7 120.9 208.3 281.4 325.9 465.4 366.8 540.8 5

 6 Monetary authority 2.6 2.0 3.2 3.3 1.9 2.3 -0.3 -0.2 -0.6 0.6 6

 7 Commercial banking 425.2 398.5 492.2 508.7 448.6 317.3 307.8 430.6 427.2 279.4 7

 8 U.S.-chartered commercial banks 165.1 150.8 184.8 192.2 179.3 51.0 -13.1 50.2 45.7 46.4 8

 9 Foreign banking offices in U.S. 225.1 200.5 233.9 220.6 157.2 137.2 141.0 161.2 108.5 -81.2 9

10 Bank holding companies 24.6 36.3 57.9 74.1 88.1 104.4 150.8 190.9 241.4 271.6 10

11 Banks in U.S.-affiliated areas 10.3 10.9 15.6 21.9 24.1 24.8 29.0 28.3 31.7 42.5 11

12 Savings institutions 41.0 39.1 33.0 25.7 11.6 20.8 33.9 48.4 12.6 14.3 12

13 Credit unions 4.5 4.6 4.6 5.2 6.0 5.6 3.8 5.7 7.4 9.3 13

14 Life insurance companies 57.0 59.5 93.7 102.3 111.6 111.3 125.6 152.1 174.7 182.8 14

15 Government-sponsored enterprises 27.6 28.0 35.1 45.2 41.5 46.1 85.4 121.7 88.8 80.5 15

16 Finance companies 160.4 159.1 153.4 149.6 161.3 269.7 302.1 345.2 432.9 440.1 16

17 REITs 6.7 9.2 18.0 31.6 36.2 38.0 38.0 40.8 42.3 50.4 17

18 Brokers and dealers -72.0 -93.6 -128.3 -160.8 -191.2 -210.6 -71.2 -150.3 -143.9 -102.6 18

19 Funding corporations 1.3 -20.3 -26.8 -27.4 53.2 47.7 -7.1 -50.1 -161.0 -218.6 19

20 Total assets 3294.7 3630.1 4094.2 5125.9 6235.4 7757.5 8101.3 8337.4 8128.8 8677.6 20

21 Nonfinancial corporate business 2090.4 2341.8 2477.9 3225.3 3942.3 5121.2 5200.7 5183.8 5090.2 5294.8 21

22 Nonfarm noncorporate business 121.9 157.1 213.0 334.9 416.3 506.2 633.5 670.0 715.7 947.1 22

23 State and local governments 89.5 95.3 170.9 174.0 165.6 143.1 124.4 91.3 73.0 64.6 23

24 Federal government 87.2 78.8 73.8 79.5 82.6 85.7 86.0 87.6 87.9 89.3 24

25 Rest of the world 212.5 258.5 352.1 449.6 742.9 734.1 731.9 932.8 686.5 755.8 25

26 Monetary authority 10.7 11.2 13.2 16.1 16.8 19.3 20.3 19.6 18.2 18.6 26

27 Commercial banking 345.8 337.9 380.7 425.1 431.5 642.8 748.1 846.0 875.9 813.5 27

28 U.S.-chartered commercial banks 78.9 78.7 87.6 114.3 120.1 337.4 417.4 493.9 533.4 557.5 28

29 Foreign banking offices in U.S. 223.1 203.3 242.1 244.5 217.4 192.6 206.0 206.1 176.3 56.4 29

30 Bank holding companies 39.8 51.1 44.4 56.5 85.4 106.3 112.2 139.5 161.9 194.4 30

31 Banks in U.S.-affiliated areas 4.0 4.8 6.6 9.7 8.7 6.6 12.5 6.4 4.3 5.2 31

32 Savings institutions 26.4 25.3 21.7 25.5 28.4 34.8 41.6 59.7 61.1 130.9 32

33 Credit unions 13.8 13.6 17.3 24.0 7.4 12.3 17.4 29.2 24.9 22.8 33

34 Life insurance companies 81.9 48.7 38.3 40.7 7.8 25.2 12.1 14.1 38.3 85.8 34

35 Private pension funds 95.3 115.1 124.9 129.7 149.5 146.2 102.6 103.2 100.5 104.1 35

36 State and local govt. retirement funds 4.8 5.5 5.6 5.8 7.1 8.2 10.0 10.4 11.3 15.9 36

37 Mutual funds 6.3 4.7 11.8 7.7 4.2 3.5 0.9 0.9 2.0 7.0 37

38 Money market mutual funds 39.4 43.8 58.1 65.7 90.6 68.3 65.1 56.5 56.2 53.3 38

39 Government-sponsored enterprises 26.9 60.1 67.7 67.6 72.5 63.4 68.9 90.9 109.4 113.9 39

40 Finance companies -4.6 -5.0 2.2 -54.9 -3.3 35.5 55.6 68.7 104.9 79.8 40

41 REITs 7.3 5.6 10.5 21.2 19.9 21.7 22.4 25.0 29.3 40.4 41

42 Brokers and dealers 39.2 32.2 54.4 88.4 53.4 85.9 159.7 47.8 43.5 40.0 42

43 Discrepancy -892.7 -1194.9 -1724.4 -2363.2 -3044.0 -4166.8 -4196.4 -4088.3 -4174.1 -4554.6 43
FFA, 1995-2004, March 11, 2010 95

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Assets 32984.7 35409.1 39352.6 43893.0 49661.5 50106.1 50486.3 50149.3 56972.3 63894.0 1

 2 Tangible assets 11464.5 11993.2 12626.3 13692.3 14887.6 16704.3 18320.8 19918.4 21666.6 24631.1 2

 3 Real estate 8836.1 9263.5 9801.0 10743.6 11771.6 13378.5 14823.0 16244.0 17828.0 20574.8 3

 4 Households (2,3) 8054.3 8431.6 8864.7 9691.9 10643.3 12136.6 13572.9 14919.4 16394.8 18981.9 4

 5 Nonprofit organizations 781.8 831.9 936.2 1051.7 1128.4 1241.9 1250.1 1324.6 1433.2 1593.0 5

 Equipment and software owned by

 6 nonprofit organizations (4) 97.4 99.3 104.4 111.7 119.8 129.8 138.3 149.6 160.7 173.2 6

 7 Consumer durable goods (4) 2531.0 2630.3 2720.9 2837.0 2996.2 3196.0 3359.4 3524.7 3678.0 3883.1 7

 8 Financial assets 21520.3 23416.0 26726.4 30200.7 34773.9 33401.8 32165.5 30230.9 35305.7 39262.9 8

 9 Deposits 3357.4 3498.7 3664.9 3881.1 4049.5 4376.1 4875.8 5153.2 5349.2 5748.2 9

10 Foreign deposits 23.4 35.5 37.2 37.7 40.7 48.3 48.7 49.9 52.1 57.5 10

11 Checkable deposits and currency 561.9 494.7 448.1 463.8 417.7 335.1 407.3 414.5 399.1 359.8 11

12 Time and savings deposits 2299.7 2440.7 2577.3 2673.0 2775.0 3032.9 3306.7 3617.1 3937.9 4426.8 12

13 Money market fund shares 472.4 527.9 602.3 706.6 816.1 959.8 1113.2 1071.7 960.2 904.1 13

14 Credit market instruments 2235.1 2416.2 2393.4 2445.0 2574.3 2464.6 2362.4 2507.3 2741.2 3027.3 14

15 Open market paper 71.7 75.8 77.1 80.2 84.9 97.3 88.2 82.2 77.3 83.7 15

16 Treasury securities 833.6 894.2 803.1 739.5 814.4 584.8 443.8 285.3 438.8 532.2 16

17 Savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 17

18 Other Treasury 648.6 707.2 616.6 552.8 628.0 400.1 253.4 90.4 235.0 327.8 18

19 Agency- and GSE-backed securities 216.4 332.8 389.7 441.7 541.8 594.0 407.3 247.6 371.0 390.0 19

20 Municipal securities 533.4 493.0 497.6 498.7 528.1 531.2 580.8 678.4 703.7 742.4 20

21 Corporate and foreign bonds 466.5 514.6 526.9 590.5 503.0 552.0 731.2 1094.4 1026.3 1141.7 21

22 Other loans and advances (5) 0.1 0.1 0.2 0.2 0.6 1.9 2.6 2.8 3.1 5.9 22

23 Mortgages 113.3 105.8 98.7 94.3 101.6 103.4 108.7 116.6 120.9 131.3 23

24 Corporate equities (2) 4434.2 4712.2 6144.1 7648.7 10049.8 8204.6 6783.5 5121.4 6749.9 7483.9 24

25 Mutual fund shares (6) 1253.0 1561.5 1948.8 2351.8 2894.9 2704.2 2614.6 2218.4 2904.3 3417.4 25

26 Security credit 127.6 162.9 215.5 276.7 323.9 412.4 454.3 412.7 475.4 578.3 26

27 Life insurance reserves 566.2 610.6 665.0 718.3 783.9 819.1 880.0 920.9 1013.2 1060.4 27

28 Pension fund reserves 5725.1 6386.7 7360.7 8265.4 9264.1 9171.3 8764.3 8189.4 9718.9 10635.5 28

29 Equity in noncorporate business (7) 3493.4 3728.3 3982.5 4252.8 4460.8 4870.8 5032.7 5262.6 5852.3 6758.2 29

30 Miscellaneous assets 328.3 338.9 351.5 360.8 372.6 378.7 397.8 444.9 501.3 553.8 30

31 Liabilities 5038.4 5398.8 5745.4 6200.1 6774.2 7376.7 8007.6 8804.4 9847.6 11008.2 31

32 Credit market instruments 4841.2 5177.0 5477.6 5903.4 6396.0 6987.3 7659.3 8484.3 9487.4 10548.5 32

33 Home mortgages (8) 3318.9 3523.8 3739.3 4040.6 4416.3 4798.4 5305.4 6009.9 6876.9 7814.2 33

34 Consumer credit 1168.2 1273.9 1344.2 1441.3 1553.6 1741.3 1891.8 1997.0 2102.9 2220.1 34

35 Municipal securities (9) 96.4 102.4 109.6 121.3 131.7 137.5 151.3 163.9 177.7 189.1 35

36 Bank loans n.e.c. 57.4 58.0 66.5 72.0 62.9 63.6 41.5 17.3 49.8 26.7 36

37 Other loans and advances 108.4 122.3 123.0 122.6 117.8 119.1 120.0 120.2 118.7 119.0 37

38 Commercial mortgages (9) 91.9 96.6 95.1 105.6 113.7 127.5 149.2 175.9 161.4 179.2 38

39 Security credit 78.6 94.4 131.2 152.8 227.9 235.1 196.4 148.2 182.5 264.0 39

40 Trade payables (9) 101.1 109.1 118.0 126.8 130.9 134.7 132.9 152.0 156.8 173.3 40

 Deferred and unpaid

41 life insurance premiums 17.5 18.3 18.6 17.2 19.4 19.6 19.1 20.0 20.9 22.5 41

42 Net worth 27946.3 30010.3 33607.2 37692.8 42887.2 42729.5 42478.7 41344.8 47124.7 52885.8 42

 Memo:

 Replacement-cost value of structures:

43 Residential 6091.0 6451.9 6826.4 7296.5 7882.7 8469.2 9147.6 9779.4 10679.9 12030.3 43

44 Households 5975.2 6333.0 6702.5 7166.4 7746.6 8326.5 8997.2 9622.3 10513.7 11848.9 44

45 Nonprofit organizations 115.8 118.9 124.0 130.1 136.2 142.8 150.3 157.1 166.1 181.4 45

46 Nonresidential (nonprofits) 591.5 619.1 660.4 709.6 759.1 811.9 864.7 907.1 955.5 1058.3 46

47 Disposable personal income (SAAR) 5457.0 5759.6 6074.6 6498.9 6803.3 7327.2 7648.5 8009.7 8377.8 8889.4 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 512.1 521.0 553.2 580.0 630.4 583.2 555.4 516.2 562.5 594.9 48

 Owners’ equity in household real

49 estate (10) 4735.4 4907.8 5125.5 5651.3 6227.0 7338.3 8267.5 8909.5 9517.9 11167.6 49

 Owners’ equity as percentage of

50 household real estate (11) 58.8 58.2 57.8 58.3 58.5 60.5 60.9 59.7 58.1 58.8 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, 1995-2004, March 11, 2010

B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 With tangible assets stated at either market value or replacement cost:

 1 Assets 11514.8 12350.4 13262.4 14863.2 16669.0 19071.3 19223.0 19585.0 20201.3 21802.0 1

 2 Tangible assets 6544.1 6882.9 7449.4 8047.9 8590.3 9330.9 9361.7 9672.9 10117.1 10900.9 2

 3 Real estate (1) 3149.6 3334.4 3730.5 4165.5 4441.3 4880.7 4861.2 5096.9 5440.8 5971.0 3

 4 Equipment and software (2) 2324.7 2457.8 2585.7 2722.4 2906.1 3127.9 3245.5 3290.4 3351.3 3481.8 4

 5 Inventories (2) 1069.8 1090.7 1133.3 1160.0 1242.9 1322.3 1255.1 1285.6 1324.9 1448.1 5

 6 Financial assets 4970.7 5467.5 5813.0 6815.3 8078.7 9740.4 9861.2 9912.1 10084.2 10901.1 6

 7 Foreign deposits 17.4 28.2 23.1 30.5 31.5 24.0 15.5 20.6 38.1 53.7 7

 8 Checkable deposits and currency 205.1 214.3 206.9 195.0 231.0 246.4 181.9 141.1 190.9 178.4 8

 9 Time and savings deposits 99.7 129.7 164.4 192.6 236.9 272.3 281.1 291.3 362.8 400.5 9

10 Money market fund shares 60.0 67.6 87.8 126.4 154.9 191.4 301.9 335.7 299.0 324.3 10

11 Security RPs 2.4 3.9 4.6 4.2 5.8 4.2 4.0 6.2 6.0 6.4 11

12 Commercial paper 20.1 31.5 36.1 39.4 47.6 57.8 60.2 64.8 75.7 95.0 12

13 Treasury securities 57.1 47.1 26.8 23.6 19.4 18.1 16.9 31.4 32.8 33.1 13

14 Agency- and GSE-backed securities 23.4 28.5 8.0 10.6 12.4 15.4 17.5 16.9 12.1 12.2 14

15 Municipal securities 36.8 31.0 27.4 25.7 25.0 31.9 29.3 32.1 35.4 31.8 15

16 Mortgages 57.9 54.4 80.2 67.3 41.2 43.5 46.6 49.6 51.8 66.6 16

17 Consumer credit 85.1 77.7 84.4 79.3 76.1 81.5 73.1 74.7 59.0 59.2 17

18 Trade receivables 1184.9 1273.1 1361.1 1448.4 1657.6 1939.2 1817.9 1719.6 1701.8 1830.6 18

19 Mutual fund shares (1) 45.7 63.0 75.0 98.0 127.0 121.9 112.5 95.8 125.9 140.5 19

20 Miscellaneous assets 3075.1 3417.5 3627.1 4474.1 5412.3 6692.7 6902.8 7032.4 7092.8 7668.6 20

21 Liabilities 6009.5 6378.6 6628.8 7457.6 8407.3 9611.4 9809.5 9922.8 9867.4 10349.3 21

22 Credit market instruments 2941.5 3140.3 3471.6 3853.4 4270.9 4633.6 4825.8 4859.4 4976.5 5179.8 22

23 Commercial paper 157.4 156.4 168.6 193.0 230.3 278.4 177.7 119.8 82.5 97.8 23

24 Municipal securities (3) 134.8 137.9 142.0 147.8 152.8 154.2 157.7 160.6 163.9 169.2 24

25 Corporate bonds (4) 1357.2 1485.2 1666.3 1881.2 2107.1 2271.1 2614.5 2747.9 2900.1 2975.5 25

26 Bank loans n.e.c. 601.8 642.1 692.7 768.8 808.8 852.7 743.7 635.5 548.3 542.7 26

27 Other loans and advances 477.2 496.1 548.0 608.8 642.3 726.0 729.3 762.3 769.3 824.0 27

28 Mortgages 213.3 222.6 254.0 253.9 329.5 351.2 402.9 433.2 512.5 570.6 28

29 Trade payables 877.5 927.0 992.1 1049.7 1228.2 1541.4 1437.7 1457.4 1402.7 1499.9 29

30 Taxes payable 40.3 49.9 59.2 64.1 71.0 78.0 81.0 93.0 81.2 88.0 30

31 Miscellaneous liabilities 2150.2 2261.4 2105.9 2490.4 2837.2 3358.3 3464.9 3513.1 3406.9 3581.6 31

32 Net worth (market value) 5505.3 5971.8 6633.7 7405.6 8261.8 9459.9 9413.5 9662.2 10333.9 11452.7 32

 Memo:

 Replacement-cost value of structures:

33 Residential 75.2 78.8 84.2 90.2 95.6 101.9 108.6 115.1 122.9 136.0 33

34 Nonresidential 3027.2 3168.8 3352.5 3534.4 3709.2 3968.6 4237.5 4462.8 4634.0 5126.0 34

 Market value of equities outstanding

35 (includes corporate farm equities) 6406.8 6804.3 8674.5 10962.3 14476.8 12444.5 10868.6 8212.3 10845.2 12088.6 35

36 Debt/net worth (percent) (5) 53.4 52.6 52.3 52.0 51.7 49.0 51.3 50.3 48.2 45.2 36

37 Debt/equities (percent) (6) 45.9 46.2 40.0 35.2 29.5 37.2 44.4 59.2 45.9 42.8 37

38 Equities/net worth (percent) (7) 116.4 113.9 130.8 148.0 175.2 131.5 115.5 85.0 104.9 105.6 38

 With tangible assets stated at historical cost:

39 Assets (8) 9986.8 10773.8 11432.3 12775.2 14428.5 16552.5 16928.0 17179.1 17556.9 18700.2 39

40 Tangible assets 5016.0 5306.3 5619.3 5959.9 6349.8 6812.0 7066.7 7267.0 7472.7 7799.1 40

41 Real estate 2028.7 2123.0 2228.2 2353.2 2475.6 2632.7 2800.8 2920.7 3033.0 3162.9 41

42 Equipment and software 1955.9 2115.6 2292.1 2469.4 2675.3 2909.2 3056.4 3114.7 3170.5 3246.6 42

43 Inventories 1031.5 1067.7 1099.0 1137.3 1198.8 1270.2 1209.5 1231.6 1269.2 1389.6 43

44 Net worth (historical cost) (9) 3977.2 4395.2 4803.5 5317.6 6021.2 6941.1 7118.5 7256.3 7689.6 8350.9 44

 Memo:

 Historical-cost value of structures:

45 Residential 31.2 32.9 35.3 37.6 40.4 43.7 47.1 50.7 54.8 59.2 45

46 Nonresidential 1707.3 1802.6 1905.4 2022.5 2141.7 2284.3 2428.5 2537.7 2644.6 2758.5 46

47 Debt/net worth (percent) (10) 74.0 71.4 72.3 72.5 70.9 66.8 67.8 67.0 64.7 62.0 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, 1995-2004, March 11, 2010 97

B.103 Balance Sheet of Nonfarm Noncorporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Assets 4119.8 4430.7 4841.4 5401.2 5878.6 6567.0 6914.8 7335.3 7875.1 8957.4 1

 2 Tangible assets 3571.7 3787.5 4067.5 4408.9 4702.5 5144.1 5335.9 5678.3 6138.5 6851.8 2

 3 Real estate (1) 3222.2 3422.4 3690.8 4013.8 4286.2 4705.9 4888.5 5213.6 5656.0 6339.7 3

 4 Residential 2391.1 2551.5 2719.3 2934.7 3146.0 3469.4 3681.3 3960.8 4335.8 4908.8 4

 5 Nonresidential 831.1 870.9 971.6 1079.1 1140.2 1236.6 1207.2 1252.9 1320.2 1430.9 5

 6 Equipment and software (2) 293.2 307.7 317.0 334.1 350.8 368.5 381.4 397.0 412.8 435.9 6

 7 Residential (3) 31.8 32.7 32.6 33.1 33.9 35.5 36.8 37.6 37.9 39.5 7

 8 Nonresidential 261.4 275.0 284.4 301.0 317.0 333.1 344.6 359.4 375.0 396.4 8

 9 Inventories (2) 56.3 57.4 59.6 61.1 65.4 69.6 66.1 67.7 69.7 76.2 9

10 Financial assets 548.1 643.2 773.8 992.3 1176.1 1422.9 1578.8 1657.0 1736.6 2105.6 10

11 Checkable deposits and currency 104.7 124.0 146.2 150.9 155.6 164.1 164.5 167.1 172.9 279.2 11

12 Time and savings deposits 71.5 75.0 85.7 126.5 179.5 247.6 254.7 269.2 313.8 300.6 12

13 Money market fund shares 17.0 19.2 22.9 32.6 40.7 49.4 59.0 61.3 63.6 66.5 13

14 Treasury securities 23.6 28.6 32.2 38.0 37.2 40.2 42.8 42.8 44.9 50.2 14

15 Municipal securities 2.2 2.6 3.2 2.8 2.7 2.4 3.5 3.4 2.7 4.3 15

16 Mortgages 21.7 20.4 18.7 26.3 24.1 23.4 26.8 26.2 26.3 30.8 16

17 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade receivables 140.3 169.8 204.9 233.1 272.6 342.1 343.9 362.8 337.7 364.3 18

19 Miscellaneous assets 167.0 203.5 259.9 382.1 463.8 553.7 683.6 724.2 774.7 1009.5 19

20 Insurance receivables 44.2 44.8 45.2 45.6 45.9 45.8 48.3 52.5 56.9 60.5 20

21 Equity investment in GSEs (4) 1.0 1.7 1.7 1.6 1.6 1.6 1.8 1.8 2.1 2.0 21

22 Other 121.9 157.1 213.0 334.9 416.3 506.2 633.5 670.0 715.7 947.1 22

23 Liabilities 1404.3 1537.1 1726.2 2028.3 2341.7 2683.1 2899.1 3096.8 3184.8 3529.0 23

24 Credit market instruments 1069.9 1139.2 1237.1 1412.7 1608.6 1806.0 1967.8 2118.6 2210.2 2455.3 24

25 Bank loans n.e.c. 164.7 193.6 237.3 262.1 312.8 361.2 405.3 430.4 441.7 473.4 25

26 Other loans and advances 100.2 102.4 108.9 115.5 125.7 137.2 133.7 138.4 143.1 145.3 26

27 Mortgages 805.0 843.2 890.9 1035.1 1170.1 1307.6 1428.8 1549.8 1625.3 1836.6 27

28 Trade payables 86.2 116.8 147.8 178.6 213.3 259.9 255.0 281.0 255.3 277.4 28

29 Taxes payable 33.4 35.7 39.9 44.1 53.0 64.6 68.7 70.2 69.7 78.0 29

30 Miscellaneous liabilities 214.8 245.5 301.3 392.9 466.8 552.4 607.7 627.0 649.7 718.2 30

31 Net worth (5) 2715.5 2893.6 3115.1 3372.9 3536.9 3883.9 4015.7 4238.5 4690.3 5428.4 31

 Memo:

 Replacement-cost value of structures:

32 Residential 1619.0 1685.8 1767.3 1861.8 1958.4 2057.1 2163.8 2261.3 2392.8 2614.5 32

33 Nonresidential 741.7 767.8 808.6 854.0 896.5 944.7 988.8 1025.2 1052.2 1156.4 33

34 Debt/net worth (percent) (6) 39.4 39.4 39.7 41.9 45.5 46.5 49.0 50.0 47.1 45.2 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, 1995-2004, March 11, 2010

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Change in net worth (1) 2704.4 2064.0 3596.9 4085.6 5194.4 -157.7 -250.8 -1133.9 5779.9 5761.1 1

 2 Net investment 416.9 449.7 450.1 490.7 255.2 27.8 337.4 253.1 469.0 637.3 2

 3 Net physical investment 271.9 314.2 348.8 426.7 494.4 528.4 540.7 576.3 621.0 705.2 3

 4 Capital expenditures 880.4 947.9 1007.7 1115.0 1221.8 1308.3 1368.6 1445.7 1534.3 1678.3 4

 5 - Consumption of fixed capital 608.5 633.8 658.9 688.4 727.3 779.9 828.0 869.4 913.3 973.0 5

 6 Net financial investment 145.0 135.5 101.3 64.1 -239.2 -500.7 -203.3 -323.2 -152.0 -67.9 6

 7 Net acquisition of financial assets 466.5 496.0 447.6 518.8 335.7 91.9 427.7 473.6 888.9 1077.9 7

 8 - Net increase in liabilities 321.5 360.4 346.3 454.7 574.9 592.5 630.9 796.8 1040.9 1145.8 8

 Holding gains on assets

 9 at market value (2) 2270.1 1553.4 3182.9 3625.7 4906.1 -67.8 -527.0 -1427.1 5177.0 5092.3 9

10 Real estate 140.2 228.8 321.3 694.5 764.7 1333.4 1156.1 1109.5 1222.9 2319.4 10

11 Corporate equities 1210.6 435.1 1650.6 1789.6 2554.3 -1207.8 -932.9 -1499.7 1730.2 1004.0 11

12 Mutual fund shares 109.7 145.5 182.6 207.0 471.0 -257.5 -250.6 -489.1 411.5 296.7 12

13 Equity in noncorporate business 160.7 234.8 273.1 307.3 286.4 444.9 192.2 306.6 539.6 845.5 13

 Life insurance and

14 pension fund reserves 648.8 509.2 755.3 627.3 829.6 -380.8 -691.8 -854.4 1272.9 626.8 14

 Holding gains on assets

15 at current cost (2) 10.9 -12.8 -39.6 -54.8 -57.6 -36.6 -69.9 -78.1 -85.2 -36.8 15

16 Consumer durable goods 10.6 -11.5 -37.6 -52.8 -56.5 -36.3 -69.1 -77.9 -85.0 -37.1 16

17 Equipment and software 0.3 -1.3 -2.0 -2.0 -1.0 -0.3 -0.8 -0.2 -0.2 0.2 17

18 Other volume changes (3) 6.5 73.7 3.6 23.9 90.6 -81.1 8.7 118.3 218.9 68.2 18

 Memo:

19 Net worth outstanding (4) 27946.3 30010.3 33607.2 37692.8 42887.2 42729.5 42478.7 41344.8 47124.7 52885.8 19

20 Disposable personal income 5457.0 5759.6 6074.6 6498.9 6803.3 7327.2 7648.5 8009.7 8377.8 8889.4 20

(1) Sum of net investment (line 2), holding gains (lines 9 and 15), and other volume changes (line 18).

(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, 1995-2004, March 11, 2010 99

R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Change in net worth (1) 424.7 466.5 661.8 771.9 856.1 1198.2 -46.4 248.7 671.7 1118.8 1

 2 Net investment 208.7 214.2 175.0 19.8 217.0 250.3 245.8 179.7 185.2 276.8 2

 3 Net physical investment 233.6 210.8 271.3 286.9 354.6 407.3 218.9 146.3 155.4 232.9 3

 4 Capital expenditures 621.3 643.6 750.8 796.6 877.3 967.9 845.3 782.5 798.2 878.4 4

 5 - Consumption of fixed capital 404.6 431.2 462.7 495.0 534.2 584.8 626.5 649.0 663.7 689.5 5

 6 - Inventory valuation adjustment -18.3 3.1 14.1 15.7 -4.0 -16.8 8.0 -2.6 -11.3 -34.3 6

 7 - Nonproduced nonfinancial assets 1.3 -1.5 2.6 -1.0 -7.5 -7.4 -8.2 -10.2 -9.7 -9.7 7

 8 Net financial investment 33.4 50.7 -19.0 -51.6 -27.3 -38.8 75.0 49.6 69.4 166.6 8

 9 Net acquisition of financial assets 424.2 449.2 264.5 564.4 960.3 1198.6 170.2 134.5 82.8 775.6 9

10 - Net increase in liabilities 390.8 398.5 283.5 616.0 987.6 1237.4 95.2 84.9 13.4 609.0 10

11 Net corporate equity issues -58.3 -47.3 -77.4 -215.5 -110.4 -118.2 -48.1 -16.2 -39.6 -122.7 11

 Holding gains on assets

12 at market value (2) 69.4 137.6 357.8 378.2 218.1 321.2 -146.7 158.0 309.2 485.4 12

13 Real estate 59.4 129.0 339.4 361.9 196.5 329.9 -132.9 175.6 290.0 472.3 13

14 Mutual fund shares 10.0 8.6 18.4 16.3 21.6 -8.7 -13.8 -17.6 19.1 13.1 14

 Holding gains on assets less

15 liabilities at current cost (2) 42.2 31.2 -6.7 15.3 101.7 -49.7 23.7 79.8 15.6 159.4 15

16 Equipment and software 33.3 -0.8 -28.8 -30.2 -14.7 -3.8 -23.2 -13.6 4.3 58.6 16

17 Inventories (3) 4.4 2.9 -7.6 -16.8 18.6 9.4 -22.7 14.1 12.6 35.6 17

18 Direct investment abroad 2.8 11.0 -17.6 -21.3 9.0 -37.1 14.4 -9.0 7.9 77.2 18

19 - Foreign direct investment in U.S. -1.6 -18.0 -47.4 -83.6 -88.9 18.1 -55.3 -88.2 9.2 12.1 19

20 Other volume changes (4) 104.5 83.5 135.8 358.6 319.3 676.4 -169.2 -168.8 161.7 197.2 20

 Memo:

21 Net worth outstanding (5) 5505.3 5971.8 6633.7 7405.6 8261.8 9459.9 9413.5 9662.2 10333.9 11452.7 21

(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, 1995-2004, March 11, 2010

R.103 Change in Net Worth of Nonfarm Noncorporate Business

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Change in net worth (1) 157.0 178.1 221.6 257.8 164.0 347.0 131.8 222.8 451.8 738.1 1

 2 Proprietor’s net investment (2) 34.0 -4.1 -19.5 -39.6 -76.2 -40.4 -26.1 -77.2 32.8 62.8 2

 3 Net capital transfers paid -1.2 0.0 0.0 0.0 -0.8 0.0 -3.2 0.0 0.0 -13.9 3

 4 Net investment 35.2 -4.1 -19.5 -39.6 -75.4 -40.4 -22.9 -77.2 32.8 76.7 4

 5 Net physical investment 31.9 32.7 39.6 44.7 54.2 54.6 36.9 41.9 41.6 52.2 5

 6 Capital expenditures 120.2 124.5 135.2 145.4 161.2 168.9 157.4 167.8 173.5 192.2 6

 7 - Consumption of fixed capital 88.4 91.7 95.6 100.7 107.0 114.3 120.5 125.9 131.9 139.9 7

 8 Net acquisition of financial assets 75.2 95.1 130.7 218.5 183.8 246.8 155.9 78.2 79.6 369.0 8

 - Net increase in liabilities from:

 9 Credit market instruments 45.3 69.3 98.0 175.6 195.9 197.4 161.7 150.8 91.5 245.2 9

10 Trade payables 12.4 30.6 31.0 30.8 34.7 46.6 -4.9 26.0 -25.7 22.2 10

11 Taxes payable 0.6 2.3 4.3 4.1 8.9 11.7 4.0 1.5 -0.5 8.4 11

12 Miscellaneous liabilities 13.5 29.7 56.5 92.3 73.8 86.0 54.9 19.0 23.0 68.9 12

13 Holding gains on real estate (3) 111.2 178.4 242.1 297.5 240.4 384.9 156.3 299.7 416.9 659.9 13

14 Residential 95.6 143.5 149.2 200.0 190.1 301.3 193.3 257.9 347.9 548.0 14

15 Nonresidential 15.6 34.9 92.8 97.5 50.3 83.6 -37.0 41.8 68.9 111.9 15

16 Holding gains on assets at current cost (3) 9.1 4.6 -1.6 -0.8 -0.3 2.1 0.9 0.7 1.8 7.7 16

17 Residential equipment and software 0.0 0.4 -0.4 -0.2 -0.4 0.2 -0.0 -0.5 -1.3 -0.4 17

18 Nonresidential equipment and software 7.9 4.2 -0.0 1.1 -1.2 0.5 2.5 0.4 1.9 4.4 18

19 Inventories 1.2 -0.0 -1.1 -1.7 1.2 1.4 -1.6 0.9 1.3 3.7 19

20 Other volume changes (4) 2.7 -0.9 0.7 0.6 0.1 0.4 0.7 -0.4 0.4 7.6 20

 Memo:

21 Net worth outstanding (5) 2715.5 2893.6 3115.1 3372.9 3536.9 3883.9 4015.7 4238.5 4690.3 5428.4 21

(1) Sum of proprietor’s net investment (line 2), holding gains (lines 13 and 16), and other volume changes (line 20).

(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, 1995-2004, March 11, 2010 101

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Current receipts, NIPA basis 2215.5 2380.4 2557.2 2729.8 2902.5 3132.4 3118.2 2967.9 3043.4 3265.7 1

 2 Personal current taxes 743.9 832.0 926.2 1026.4 1107.5 1232.3 1234.8 1050.4 1000.3 1047.8 2

 3 Taxes on production and imports 557.9 580.8 611.6 639.5 673.6 708.6 727.7 762.8 806.8 863.4 3

 4 Taxes on corporate income 211.0 223.6 237.1 239.2 248.8 254.7 193.5 181.3 231.8 292.0 4

 5 Taxes from the rest of the world 3.9 5.2 5.1 5.7 5.9 7.3 7.7 7.6 9.0 10.0 5

 6 Contributions for govt. social insurance 535.5 557.9 590.3 627.8 664.6 709.4 736.9 755.2 782.8 831.7 6

 7 Income receipts on assets 91.8 99.9 103.6 102.7 106.4 118.8 114.6 99.9 96.8 100.3 7

 8 Current transfer receipts 58.4 66.8 69.3 75.3 81.7 92.3 98.9 104.3 108.9 119.3 8

 9 Current surplus of government enterprises 13.1 14.4 14.1 13.3 14.1 9.1 4.0 6.3 7.0 1.2 9

10 Current expenditures, NIPA basis 2412.5 2505.7 2581.1 2649.3 2761.9 2906.0 3093.6 3274.7 3458.6 3653.5 10

11 Consumption expenditures 1141.4 1176.7 1222.1 1263.2 1343.9 1426.6 1524.4 1639.9 1756.8 1860.4 11

12 Government social benefits 867.0 908.8 937.6 960.1 996.1 1049.2 1150.8 1257.6 1326.1 1409.2 12

13 Other current transfer payments 15.4 20.4 17.0 18.0 18.7 22.3 18.2 23.3 28.6 30.9 13

14 Interest payments 353.9 364.6 370.6 371.6 357.9 362.0 341.5 312.6 298.0 306.6 14

15 Subsidies 34.8 35.2 33.8 36.4 45.2 45.8 58.7 41.4 49.1 46.4 15

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

17 Net government saving, NIPA basis -197.0 -125.3 -23.8 80.5 140.6 226.5 24.6 -306.9 -415.2 -387.8 17

18 + Consumption of fixed capital 164.8 169.2 174.1 179.0 187.2 197.5 204.6 210.9 218.1 231.9 18

19 - Insurance and pension fund reserves (1) 3.6 3.4 3.4 4.4 3.8 1.8 3.3 -1.7 -0.6 0.0 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 2.7 2.8 3.0 3.1 3.3 3.6 3.7 3.8 3.9 4.4 20

21 - Net capital transfers (2) -19.4 -22.9 -26.6 -32.1 -32.2 -35.3 -37.1 -28.5 -10.8 -8.6 21

22 = Gross saving less net capital transfers -19.1 60.6 170.4 284.1 352.9 453.9 259.3 -69.4 -189.6 -151.7 22

23 Gross investment 67.0 85.7 218.7 358.7 441.5 545.3 297.8 -33.4 -180.3 -81.8 23

24 Fixed investment 232.6 244.2 252.4 262.9 287.4 304.3 322.0 343.5 355.8 372.4 24

25 Nonproduced nonfinancial assets -0.8 2.2 -1.8 1.8 8.3 8.4 9.5 11.5 11.2 11.4 25

26 Net financial investment -164.7 -160.8 -31.9 94.0 145.9 232.6 -33.7 -388.4 -547.3 -465.6 26

27 Net acquisition of financial assets 40.9 73.0 108.0 115.8 150.5 1.1 133.4 58.2 103.7 91.9 27

28 Gold, SDRs, and official foreign exchange 6.4 -2.9 2.5 6.0 -7.1 -0.7 4.6 3.4 -1.8 -3.1 28

29 Checkable deposits and currency 3.4 5.4 3.8 -20.6 70.1 -64.9 45.1 -12.0 16.2 -37.8 29

30 Time and savings deposits 6.9 12.0 6.8 16.1 14.7 11.6 16.2 25.9 -4.9 11.6 30

31 Money market fund shares 4.8 1.4 3.6 31.1 4.5 2.7 3.2 1.6 4.0 3.9 31

32 Security RPs -3.0 32.1 3.6 4.2 -2.5 -10.3 -10.9 -16.3 7.9 7.7 32

33 Credit market instruments -35.9 7.8 24.0 73.7 84.1 72.9 79.2 67.3 46.0 49.5 33

34 Open market paper 17.1 20.3 14.3 12.8 17.5 15.2 17.5 14.3 10.3 10.1 34

35 Agency- and GSE-backed securities (3) -35.1 -35.3 -0.8 38.7 44.2 41.4 47.3 41.7 22.5 21.9 35

36 Municipal securities -3.5 -0.5 -0.7 -0.7 0.3 0.2 0.2 0.1 0.3 0.3 36

37 Corporate and foreign bonds 7.1 10.7 1.3 11.4 11.6 9.8 11.3 9.1 7.1 6.9 37

38 Mortgages -10.2 -3.4 -0.9 5.2 4.4 -2.1 -1.9 -4.8 6.0 9.9 38

39 Consumer credit 2.3 8.5 10.0 8.9 11.5 11.7 12.8 8.0 1.9 3.7 39

40 Other loans and advances (4) -13.6 7.5 0.8 -2.6 -5.4 -3.1 -7.9 -1.2 -2.1 -3.3 40

41 Corporate equities 12.1 14.5 16.8 -8.8 -21.7 6.1 4.1 10.3 -17.0 -4.2 41

42 Mutual fund shares -3.6 -0.6 -18.2 -13.2 -8.1 1.2 0.4 2.1 -5.2 -1.3 42

43 Trade receivables 4.5 6.5 3.1 8.5 13.3 10.2 13.3 -0.7 27.2 18.4 43

44 Taxes receivable -7.4 2.1 -6.0 -4.4 10.9 -10.8 -8.8 -0.3 34.4 33.7 44

45 Miscellaneous assets 52.7 -5.3 68.1 23.2 -7.7 -17.0 -13.1 -23.1 -3.2 13.5 45

46 Net increase in liabilities 205.6 233.8 139.9 21.8 4.5 -231.5 167.2 446.6 651.0 557.4 46

47 SDR certificates 2.2 -0.5 -0.5 0.0 -3.0 -4.0 0.0 0.0 0.0 0.0 47

48 Treasury currency 0.7 0.5 0.5 0.6 1.0 2.4 1.3 1.0 0.6 0.7 48

49 Credit market instruments 163.7 162.0 86.4 -27.4 -56.1 -284.8 81.3 375.2 507.0 450.8 49

50 Savings bonds 5.1 2.0 -0.5 0.1 -0.2 -1.7 5.6 4.5 8.9 0.6 50

51 Other Treasury securities (5) 218.1 177.3 41.4 -96.2 -94.6 -298.7 -29.1 226.3 380.0 337.0 51

52 Budget agency securities 1.5 -1.6 -0.1 2.0 -0.2 -1.0 -0.5 0.5 -2.4 -0.6 52

53 Municipal securities -60.9 -15.7 45.6 66.7 38.9 16.5 105.4 143.9 120.5 113.8 53

54 Multifamily residential mortgages 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54

55 Trade payables 12.7 19.3 11.3 13.2 23.0 30.6 30.1 29.3 100.6 45.6 55

56 Insurance reserves 1.0 0.6 1.7 1.3 1.4 1.4 1.4 1.6 1.1 1.1 56

57 Miscellaneous liabilities (6) 25.3 51.8 40.6 34.1 38.2 22.9 53.0 39.5 41.7 59.3 57

58 Discrepancy -86.1 -25.1 -48.3 -74.5 -88.7 -91.4 -38.4 -36.0 -9.3 -69.9 58

 Memo:

59 Net govt. saving less fixed investment (7) -429.6 -369.5 -276.2 -182.4 -146.7 -77.9 -297.5 -650.3 -771.0 -760.2 59

60 Adjustment between NIPA and FOF (8) 264.9 208.7 244.3 276.4 292.7 310.5 263.7 261.9 223.7 294.6 60

61 Items to be financed (9) -164.7 -160.8 -31.9 94.0 145.9 232.6 -33.7 -388.4 -547.3 -465.6 61

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

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

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

(4) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.

(7) Line 17 less line 24.

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

(9) Line 59 plus line 60.
102 FFA, 1995-2004, March 11, 2010

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1253.9 1412.3 1553.5 1699.8 1904.3 1912.9 2043.4 2088.5 2194.0 2271.0 1

 2 Gold, SDRs, and official foreign exchange 53.8 44.9 42.0 51.0 44.5 41.1 43.2 51.1 55.2 54.5 2

 3 Checkable deposits and currency 60.9 71.5 79.1 56.8 125.5 62.0 108.5 94.4 107.9 68.9 3

 4 Time and savings deposits 62.9 74.9 81.8 97.9 112.5 124.1 140.3 166.3 161.4 173.0 4

 5 Money market fund shares 10.7 12.0 15.6 46.7 51.2 53.9 57.1 58.7 62.7 66.6 5

 6 Security RPs 115.7 147.8 151.4 155.6 153.1 142.8 131.9 115.6 123.5 131.2 6

 7 Credit market instruments 536.7 544.6 568.7 642.6 759.8 831.5 910.8 978.1 1024.1 1073.6 7

 8 Open market paper 39.4 59.7 74.0 86.8 104.3 119.5 136.9 151.3 161.6 171.7 8

 9 Agency- and GSE-backed securities (1) 151.5 116.2 115.4 154.1 198.3 239.7 287.0 328.8 351.2 373.2 9

10 Municipal securities 5.1 4.6 3.9 3.2 3.5 3.7 4.0 4.1 4.4 4.7 10

11 Corporate and foreign bonds 39.0 49.7 51.0 62.4 74.0 83.8 95.1 104.2 111.3 118.2 11

12 Mortgages 171.3 167.9 167.0 172.3 209.5 206.2 204.2 199.4 205.5 215.4 12

13 Consumer credit 9.2 17.7 27.6 36.5 48.0 59.7 72.5 80.5 82.4 86.1 13

14 Other loans and advances (2) 121.2 128.8 129.7 127.3 122.1 118.9 111.0 109.8 107.8 104.5 14

15 Corporate equities 26.4 46.9 78.4 98.5 98.3 93.2 88.0 79.3 84.7 90.0 15

16 Mutual fund shares 35.0 41.0 33.6 34.1 33.4 30.8 28.1 24.3 25.9 27.5 16

17 Trade receivables 100.4 106.9 110.0 118.5 127.8 138.0 151.3 150.6 177.8 196.2 17

18 Taxes receivable 45.2 116.3 115.2 110.1 113.8 128.9 134.1 150.2 167.2 190.9 18

19 Miscellaneous assets 206.4 205.5 277.6 287.9 284.6 266.7 250.1 220.0 203.7 198.6 19

20 Total liabilities 5265.6 5503.3 5642.3 5671.3 5684.2 5450.5 5625.3 6072.1 6725.5 7281.7 20

21 SDR certificates 10.2 9.7 9.2 9.2 6.2 2.2 2.2 2.2 2.2 2.2 21

22 Treasury currency 18.3 18.9 19.3 19.9 20.9 23.2 24.5 25.5 26.0 26.7 22

23 Credit market instruments 4384.0 4546.0 4632.4 4605.1 4549.0 4264.1 4345.5 4720.7 5227.7 5678.4 23

24 Savings bonds 185.0 187.0 186.5 186.6 186.4 184.8 190.3 194.9 203.8 204.4 24

25 Other Treasury securities (3) 3133.7 3311.1 3352.5 3256.3 3161.7 2863.0 2833.9 3060.2 3440.2 3777.2 25

26 Budget agency securities 28.2 26.6 26.5 28.5 28.3 27.3 26.8 27.3 24.9 24.3 26

27 Municipal securities 1037.0 1021.3 1067.0 1133.6 1172.5 1189.0 1294.4 1438.4 1558.8 1672.6 27

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

29 Trade payables 310.2 329.5 340.8 354.0 382.6 413.2 443.4 472.7 573.3 618.9 29

30 Insurance reserves 29.9 30.5 32.3 33.6 35.0 36.4 37.8 39.4 40.5 41.6 30

31 Miscellaneous liabilities (4) 513.0 568.7 608.3 649.6 690.6 711.3 772.0 811.7 855.8 913.9 31

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 1995-2004, March 11, 2010 103

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net acquisition of financial assets -21.9 -35.9 -43.2 -46.5 -66.6 -75.3 -63.2 -34.6 -13.2 -37.1 1

 2 Checkable deposits and currency 0.3 0.2 0.4 0.6 0.2 1.2 0.6 -0.2 0.1 0.1 2

 3 Time and savings deposits 8.3 14.3 16.8 16.4 -19.7 -23.7 -35.1 -5.5 2.3 -4.8 3

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

 5 Security RPs -0.4 3.0 0.1 0.0 -0.3 -9.0 -1.5 -0.6 1.1 0.4 5

 6 Credit market instruments 21.8 -11.2 37.3 -23.7 89.0 -123.7 -19.6 -36.5 73.3 -10.5 6

 7 Open market paper -0.4 3.0 0.1 0.1 0.4 -7.4 -0.3 -1.4 -0.9 -0.3 7

 8 Treasury securities 1.6 -5.1 3.2 -20.6 18.6 -11.7 -0.4 -12.7 14.3 -6.9 8

 9 Agency- and GSE-backed securities 3.2 -12.3 7.1 -18.2 30.4 -37.3 1.8 -17.9 35.6 7.7 9

10 Corporate and foreign bonds 17.4 3.1 26.5 15.4 39.6 -66.1 -21.3 -4.7 24.3 -10.8 10

11 Mortgages 0.1 0.0 0.5 -0.4 0.0 -1.3 0.6 0.2 -0.1 -0.1 11

12 Corporate equities -60.8 -63.1 -105.3 -52.5 -128.9 85.1 39.6 -16.0 -34.9 -12.6 12

13 Mutual fund shares 14.1 7.6 7.3 7.8 5.9 41.7 -17.6 20.2 -41.6 11.2 13

14 Miscellaneous assets -5.2 13.4 0.3 4.9 -12.8 -47.0 -29.6 3.9 -13.4 -20.9 14

15 Unallocated insurance contracts (1) -5.6 2.7 -5.3 -3.4 -14.2 -5.2 -1.0 11.0 -10.7 -24.5 15

16 Contributions receivable 1.6 1.6 5.4 8.0 -7.5 -17.4 -25.8 -4.5 -0.0 -2.0 16

17 Other -1.3 9.0 0.2 0.3 8.9 -24.4 -2.8 -2.6 -2.6 5.5 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 54.9 39.6 27.4 88.1 51.8 51.9 44.6 48.4 62.9 60.4 1

 2 Checkable deposits and currency 0.6 0.6 1.0 -1.4 1.1 2.1 -1.4 0.5 0.1 0.0 2

 3 Time and savings deposits -0.2 -5.4 -5.8 13.3 -19.6 0.8 -1.3 1.7 1.0 -0.1 3

 4 Money market fund shares 6.3 11.2 13.4 2.3 12.1 4.2 -6.1 9.4 -0.2 0.6 4

 5 Security RPs 0.7 1.9 1.1 1.1 2.3 3.9 -7.4 1.2 0.9 -0.1 5

 6 Credit market instruments -4.9 5.1 7.1 16.6 18.2 -1.3 -15.2 31.1 -1.5 11.6 6

 7 Open market paper 1.3 3.0 1.5 3.0 5.6 1.3 -8.0 5.1 -2.4 1.3 7

 8 Treasury securities -1.9 0.3 -1.2 7.4 -1.9 1.8 -6.0 11.1 -1.1 3.1 8

 9 Agency- and GSE-backed securities -1.6 1.0 -0.9 1.0 9.1 4.4 3.4 -1.7 5.0 4.1 9

10 Corporate and foreign bonds -3.4 0.2 7.6 5.0 3.5 -10.2 -1.8 16.2 -3.1 3.3 10

11 Mortgages 0.7 0.7 0.3 0.2 1.8 1.5 -2.8 0.4 -0.0 -0.1 11

12 Corporate equities -30.2 -28.4 -45.4 21.0 -51.5 -22.3 67.0 -45.5 32.4 37.3 12

13 Mutual fund shares 57.8 38.0 48.0 45.8 93.5 75.6 35.7 39.7 37.9 24.8 13

14 Miscellaneous assets 24.7 16.7 7.9 -10.7 -4.2 -11.1 -26.7 10.4 -7.6 -13.8 14

15 Unallocated insurance contracts (2) 13.4 2.1 -4.6 -20.1 -4.3 -30.4 12.9 1.2 -7.3 -10.8 15

16 Contributions receivable 3.8 3.8 3.0 4.8 -10.8 -1.7 1.2 6.0 -0.1 -1.1 16

17 Other 7.6 10.8 9.6 4.5 10.9 21.0 -40.7 3.1 -0.1 -1.9 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: 122.2 132.8 151.8 191.5 219.7 228.6 169.9 174.8 160.4 175.9 1

 2 Commercial banking 6.5 0.7 0.1 -0.5 -3.4 8.9 3.1 5.4 0.5 1.9 2

 3 Saving institutions -1.9 -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.0 -1.1 3

 4 Credit unions 1.2 0.9 1.2 0.3 0.9 0.4 3.2 3.4 3.5 0.9 4

 5 Life insurance companies 11.2 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 -1.2 5

 6 Money market mutual funds 13.9 8.9 1.0 25.0 18.0 4.0 17.0 10.0 -12.0 -11.0 6

 7 Mutual funds 62.7 55.4 94.8 90.0 93.0 50.2 34.3 16.1 107.2 75.7 7

 8 Other self-directed accounts 28.6 60.5 13.2 57.2 73.4 147.8 87.5 58.4 55.0 110.7 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, 1995-2004, March 11, 2010

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

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1466.1 1590.2 1763.5 1907.7 2074.6 1979.0 1810.2 1639.3 1994.5 2132.2 1

 2 Checkable deposits and currency 2.1 2.2 2.6 3.2 3.4 4.7 5.3 5.1 5.1 5.2 2

 3 Time and savings deposits 75.4 89.7 106.4 122.9 103.2 79.5 44.3 38.8 41.1 36.3 3

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

 5 Security RPs 11.2 14.2 14.2 14.3 14.0 4.9 3.5 2.8 3.9 4.4 5

 6 Credit market instruments 460.1 448.9 486.3 462.6 551.6 427.9 408.3 371.8 445.1 434.7 6

 7 Open market paper 11.2 14.2 14.2 14.4 14.8 7.4 7.1 5.7 4.8 4.5 7

 8 Treasury securities 79.7 74.7 77.9 57.2 75.9 64.2 63.9 51.2 65.5 58.6 8

 9 Agency- and GSE-backed securities 185.6 173.3 180.4 162.2 192.6 155.3 157.1 139.2 174.8 182.5 9

10 Corporate and foreign bonds 178.8 181.9 208.4 223.8 263.3 197.2 175.9 171.3 195.6 184.7 10

11 Mortgages 4.8 4.9 5.4 5.0 5.0 3.7 4.4 4.6 4.5 4.4 11

12 Corporate equities 688.8 764.3 844.0 949.1 1006.3 1076.0 1060.7 917.6 1170.8 1294.2 12

13 Mutual fund shares 68.5 91.0 122.3 156.6 199.0 236.4 180.8 188.8 197.4 233.6 13

14 Miscellaneous assets 160.1 179.9 187.7 199.1 197.2 149.7 107.4 114.4 131.0 123.9 14

15 Unallocated insurance contracts (1) 80.7 89.9 92.0 95.1 91.9 86.1 72.4 86.4 105.7 95.0 15

16 Contributions receivable 45.8 47.5 52.8 60.9 53.4 36.0 10.2 5.7 5.7 3.7 16

17 Other 33.5 42.5 42.8 43.1 52.0 27.6 24.8 22.2 19.6 25.2 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 1432.7 1634.2 1949.3 2236.2 2519.2 2488.6 2239.2 2036.0 2525.3 2790.2 1

 2 Checkable deposits and currency 2.8 3.4 4.3 2.9 4.0 6.1 4.7 5.2 5.3 5.3 2

 3 Time and savings deposits 34.8 29.4 23.7 37.0 17.4 18.2 17.0 18.6 19.6 19.6 3

 4 Money market fund shares 37.9 49.1 62.5 64.8 76.9 81.1 75.1 84.5 84.3 84.9 4

 5 Security RPs 11.3 13.2 14.3 15.4 17.7 21.6 14.2 15.4 16.4 16.2 5

 6 Credit market instruments 148.3 153.4 160.5 177.2 195.3 194.0 178.7 209.8 208.3 220.0 6

 7 Open market paper 13.7 16.6 18.1 21.1 26.6 27.9 19.9 25.1 22.7 24.0 7

 8 Treasury securities 41.0 41.3 40.1 47.5 45.6 47.4 41.4 52.4 51.4 54.4 8

 9 Agency- and GSE-backed securities 27.5 28.5 27.5 28.6 37.7 42.1 45.4 43.7 48.7 52.8 9

10 Corporate and foreign bonds 62.3 62.5 70.1 75.1 78.6 68.4 66.6 82.8 79.8 83.1 10

11 Mortgages 3.8 4.4 4.7 4.9 6.7 8.2 5.4 5.8 5.8 5.6 11

12 Corporate equities 568.0 638.8 759.7 920.1 959.9 894.6 848.0 670.9 925.8 1044.3 12

13 Mutual fund shares 288.5 381.6 537.8 633.3 857.5 895.3 782.1 743.1 929.4 1044.6 13

14 Miscellaneous assets 341.1 365.4 386.5 385.4 390.4 377.6 319.5 288.4 336.2 355.4 14

15 Unallocated insurance contracts (2) 241.4 251.1 259.7 249.2 254.1 222.0 203.4 163.2 211.3 233.5 15

16 Contributions receivable 37.9 41.7 44.7 49.6 38.7 37.0 38.2 44.2 44.1 43.0 16

17 Other 61.8 72.6 82.1 86.7 97.6 118.6 77.9 81.0 80.9 79.0 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.

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

Billions of dollars

 1 Total held at: 1288.0 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 2993.0 3299.0 1

 2 Commercial banking 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.1 168.0 2

 3 Saving institutions 76.9 73.0 67.0 61.8 58.7 56.4 54.6 53.8 54.8 53.7 3

 4 Credit unions 33.0 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 4

 5 Life insurance companies 94.3 110.3 161.0 190.1 245.5 245.5 251.0 308.3 338.4 348.1 5

 6 Money market mutual funds 75.1 84.0 85.0 110.0 128.0 132.0 149.0 159.0 147.0 136.0 6

 7 Mutual funds 385.5 493.0 670.0 839.0 1107.0 1075.0 988.0 846.0 1127.0 1320.0 7

 8 Other self-directed accounts 472.1 520.9 558.0 762.3 927.5 926.4 976.4 957.0 1112.9 1225.6 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, 1995-2004, March 11, 2010 105

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

Billions of dollars

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Assets 32984.7 35409.1 39352.6 43893.0 49661.5 50106.1 50486.3 50149.3 56972.3 63894.0 1

 2 Tangible assets 11464.5 11993.2 12626.3 13692.3 14887.6 16704.3 18320.8 19918.4 21666.6 24631.1 2

 3 Financial assets 21520.3 23416.0 26726.4 30200.7 34773.9 33401.8 32165.5 30230.9 35305.7 39262.9 3

 4 Deposits 3357.4 3498.7 3664.9 3881.1 4049.5 4376.1 4875.8 5153.2 5349.2 5748.2 4

 5 Credit market instruments 2235.1 2416.2 2393.4 2445.0 2574.3 2464.6 2362.4 2507.3 2741.2 3027.3 5

 6 Equity shares at market value 7656.5 8701.1 11203.9 13719.3 17490.2 15412.1 13447.3 10574.1 14102.6 16003.2 6

 7 Directly held 4434.2 4712.2 6144.1 7648.7 10049.8 8204.6 6783.5 5121.4 6749.9 7483.9 7

 8 Indirectly held 3222.4 3988.9 5059.8 6070.6 7440.4 7207.5 6663.8 5452.7 7352.7 8519.3 8

 9 Life insurance companies 274.7 373.3 510.5 665.4 904.4 882.8 806.5 692.5 887.3 1028.9 9

10 Private pension funds 1504.8 1724.4 2089.0 2462.4 2812.6 2871.2 2629.8 2223.2 2924.1 3308.1 10

11 Defined benefit plans 726.7 821.4 926.6 1057.8 1154.3 1248.0 1184.6 1031.1 1300.2 1452.9 11

12 Defined contribution plans 778.1 902.9 1162.4 1404.7 1658.3 1623.2 1445.2 1192.1 1623.9 1855.2 12

13 State and local govt. retirement funds 738.3 892.5 1114.4 1268.4 1512.5 1428.5 1386.6 1157.4 1557.3 1761.2 13

14 Federal government retirement funds 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.2 14

15 Mutual funds 693.2 979.9 1316.0 1631.3 2153.9 1968.4 1791.8 1333.7 1904.1 2321.9 15

16 Other 8271.2 8799.9 9464.1 10155.2 10659.9 11149.0 11479.9 11996.3 13112.7 14484.2 16

17 Liabilities 5038.4 5398.8 5745.4 6200.1 6774.2 7376.7 8007.6 8804.4 9847.6 11008.2 17

18 Net worth 27946.3 30010.3 33607.2 37692.8 42887.2 42729.5 42478.7 41344.8 47124.7 52885.8 18

 Memo:

19 Equity shares excluding defined benefit plans 6191.6 6987.2 9163.0 11393.1 14823.3 12735.6 10876.1 8378.7 11227.3 12769.9 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) 23.2 24.6 28.5 31.3 35.2 30.8 26.6 21.1 24.8 25.0 20

21 Financial assets (line 3) 35.6 37.2 41.9 45.4 50.3 46.1 41.8 35.0 39.9 40.8 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.