December 9, 2010

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

1985-1994

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

Flows Levels

Title Table Page Table Page

Summaries

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

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

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

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

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

Distribution of Gross Domestic Product F.6 4 

Distribution of National Income F.7 5 

Saving and Investment F.8 6 

Net Capital Transfers F.9 7 

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

Sectors

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

Nonfinancial Business F.101 10 L.101 56 

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

Nonfarm Noncorporate Business F.103 12 L.103 58 

Farm Business F.104 12 L.104 58 

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

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

Title Table Page Table Page

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

Monetary Authority F.108 16 L.108 61 

Commercial Banking F.109 17 L.109 62 

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

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

Bank Holding Companies F.112 20 L.112 65 

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

Savings Institutions F.114 21 L.114 66 

Credit Unions F.115 22 L.115 67 

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

Life Insurance Companies F.117 23 L.117 68 

Private Pension Funds F.118 23 L.118 68 

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

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

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

Mutual Funds F.122 25 L.122 70 

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

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

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

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

Finance Companies F.127 27 L.127 72 

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

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

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

Title Table Page Table Page 

Instruments 

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

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, 1985-1994, December 9, 2010 1

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Credit market borrowing 1164.0 1184.2 1018.9 1041.8 919.5 890.5 640.8 774.9 921.4 1026.7 1

 2 Domestic nonfinancial sectors 958.8 845.7 722.0 784.1 684.3 655.5 469.8 511.9 560.1 575.9 2

 3 Household sector 313.8 261.1 263.8 271.5 282.9 232.7 185.2 200.7 237.5 321.8 3

 4 Nonfinancial corporate business 182.8 223.2 166.1 222.1 160.1 134.9 -53.1 23.0 29.4 128.2 4

 5 Nonfarm noncorporate business 99.2 88.0 70.3 95.4 46.6 -7.6 -33.2 -32.6 -22.7 11.9 5

 6 Farm business -26.3 -16.8 -12.5 -10.4 1.0 1.5 1.5 0.3 1.9 3.5 6

 7 State and local governments 163.6 74.2 90.4 50.4 47.4 47.1 91.2 16.5 57.9 -45.5 7

 8 Federal government 225.7 216.0 143.9 155.1 146.4 246.9 278.2 304.0 256.1 155.9 8

 9 Rest of the world 1.2 9.7 6.3 7.4 10.2 23.9 15.1 24.1 69.8 -11.2 9

10 Financial sectors 204.0 328.8 290.6 250.2 225.0 211.2 156.0 238.9 291.5 462.0 10

11 Commercial banking 12.4 7.6 21.5 2.0 5.2 -26.8 -13.2 10.0 13.4 20.1 11

12 U.S.-chartered commercial banks -5.7 -5.9 0.6 -3.7 -2.1 1.7 -1.1 11.5 9.7 12.5 12

13 Foreign banking offices in U.S. 1.5 2.8 6.6 0.5 1.0 -0.9 -9.6 -3.8 -5.1 -2.6 13

14 Bank holding companies 16.6 10.7 14.3 5.2 6.2 -27.7 -2.5 2.3 8.8 10.3 14

15 Savings institutions 21.0 24.3 28.7 21.6 -15.0 -30.9 -44.7 -7.0 11.3 12.8 15

16 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 16

17 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 17

18 Government-sponsored enterprises 21.7 14.9 29.5 44.9 25.2 17.0 9.2 40.7 80.6 172.1 18

19 Agency- and GSE-backed mortgage pools 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 19

20 ABS issuers 15.8 37.5 43.6 36.1 26.9 59.4 53.8 56.3 82.5 70.3 20

21 Finance companies 41.9 60.5 12.0 24.0 37.5 23.1 13.6 4.9 -1.3 37.2 21

22 REITs 1.3 5.7 8.0 3.5 2.1 0.8 0.9 -0.4 1.7 10.2 22

23 Brokers and dealers 0.3 2.1 -0.1 4.3 6.3 1.5 3.7 2.7 12.0 0.5 23

24 Funding corporations 10.7 12.0 9.7 38.0 12.5 16.8 -4.0 16.2 6.3 23.1 24

25 Credit market lending 1164.0 1184.2 1018.9 1041.8 919.5 890.5 640.8 774.9 921.4 1026.7 25

26 Domestic nonfinancial sectors 325.1 119.5 233.3 239.1 162.5 273.1 164.6 60.1 2.4 220.9 26

27 Household sector 149.0 42.5 191.8 184.2 98.9 229.8 81.6 42.7 -26.3 257.0 27

28 Nonfinancial corporate business 16.9 -5.6 -0.8 19.0 32.2 -26.1 30.7 27.8 22.9 17.7 28

29 Nonfarm noncorporate business 4.9 2.7 -7.7 10.5 -11.1 -3.5 -5.3 -0.1 -1.2 6.8 29

30 State and local governments 136.6 70.2 57.8 34.9 45.5 39.3 47.2 1.7 32.6 -55.0 30

31 Federal government 17.8 9.7 -7.9 -9.5 -3.0 33.6 10.5 -11.9 -25.6 -5.6 31

32 Rest of the world 67.4 105.7 60.9 108.3 82.9 87.3 15.5 97.2 129.3 132.3 32

33 Financial sectors 771.4 959.0 724.7 694.3 674.2 530.1 460.6 617.7 789.8 673.5 33

34 Monetary authority 18.4 19.4 21.0 14.2 -7.3 8.1 31.1 27.9 36.2 31.5 34

35 Commercial banking 188.4 198.1 135.4 156.5 177.2 125.1 80.8 95.3 142.2 163.3 35

36 U.S.-chartered commercial banks 165.6 162.5 99.2 126.4 146.1 94.9 35.7 69.5 149.6 148.1 36

37 Foreign banking offices in U.S. 16.4 35.0 34.2 29.4 26.7 28.4 48.5 16.5 -9.8 11.0 37

38 Bank holding companies 3.7 -0.3 2.0 -0.1 2.8 -2.8 -1.5 5.6 -0.0 0.9 38

39 Banks in U.S.-affiliated areas 2.7 0.9 0.1 0.8 1.6 4.5 -1.9 3.7 2.4 3.3 39

40 Savings institutions 76.4 93.4 117.0 100.5 -98.5 -164.2 -158.9 -79.0 -23.3 6.7 40

41 Credit unions 13.4 15.5 17.5 17.5 7.1 10.6 12.8 17.7 21.7 28.1 41

42 Property-casualty insurance companies 28.6 39.5 40.1 30.9 28.7 28.5 27.4 10.4 27.1 23.4 42

43 Life insurance companies 76.5 87.9 88.6 103.1 100.1 107.2 80.8 79.5 100.4 72.0 43

44 Private pension funds 23.1 4.6 13.6 22.0 51.6 43.5 25.4 26.0 36.2 39.7 44

45 State and local govt. retirement funds 19.2 44.7 31.7 21.8 30.9 20.5 2.6 37.1 26.9 10.1 45

46 Federal government retirement funds 0.0 0.0 1.1 1.6 2.1 2.5 2.6 3.0 3.1 3.7 46

47 Money market mutual funds 14.0 34.9 1.9 10.5 68.3 77.5 32.7 4.7 20.4 30.0 47

48 Mutual funds 76.1 129.9 31.3 13.3 22.7 36.2 80.1 126.2 159.5 -7.1 48

49 Closed-end funds 1.4 2.9 4.0 17.9 6.6 1.3 12.8 20.2 20.0 -3.7 49

50 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Government-sponsored enterprises 25.1 16.6 23.4 33.3 -4.3 14.0 15.0 69.3 88.5 121.2 51

52 Agency- and GSE-backed mortgage pools 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 52

53 ABS issuers 15.0 36.7 41.8 34.4 25.0 50.4 49.2 52.1 79.9 63.2 53

54 Finance companies 50.7 56.7 38.4 45.0 55.4 27.5 7.7 2.4 -21.0 32.0 54

55 REITs 2.6 5.0 7.5 4.3 0.6 -1.8 -0.6 1.4 0.4 -0.7 55

56 Brokers and dealers 4.1 8.1 -35.0 -16.3 80.2 2.8 17.5 -1.3 14.8 -44.2 56

57 Funding corporations 59.7 0.8 7.8 8.0 3.6 -10.0 5.1 9.2 -27.9 -11.0 57

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 1985-1994, December 9, 2010

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Domestic 958.8 845.7 722.0 784.1 684.3 655.5 469.8 511.9 560.1 575.9 1

 2 By instrument 958.8 845.7 722.0 784.1 684.3 655.5 469.8 511.9 560.1 575.9 2

 3 Commercial paper 14.6 -9.3 1.6 11.9 21.4 9.7 -18.4 8.6 10.0 21.4 3

 4 Treasury securities 225.8 215.6 142.4 137.7 144.7 238.7 292.0 303.8 248.3 155.7 4

 5 Agency- and GSE-backed securities -0.0 0.4 1.5 17.4 1.6 8.2 -13.8 0.2 7.8 0.2 5

 6 Municipal securities 208.2 59.9 91.6 55.4 49.8 48.8 93.5 23.3 66.3 -35.9 6

 7 Corporate bonds 83.2 127.1 78.8 103.1 73.8 47.1 78.8 67.6 75.2 23.3 7

 8 Bank loans n.e.c. 42.7 57.3 13.4 40.3 28.2 4.3 -42.3 -12.0 6.4 75.1 8

 9 Other loans and advances 40.6 52.1 39.6 49.5 52.9 57.6 -58.3 0.8 -28.9 46.5 9

10 Mortgages 259.8 286.8 320.9 322.3 264.8 225.9 147.1 110.4 113.6 154.6 10

11 Home 179.9 203.3 240.3 223.8 226.4 208.2 164.4 167.4 156.6 177.2 11

12 Multifamily residential 28.5 33.4 16.7 18.1 10.4 -1.4 -3.5 -13.4 -5.9 -2.7 12

13 Commercial 69.7 60.1 72.1 85.4 30.1 20.2 -13.7 -44.1 -37.7 -21.4 13

14 Farm -18.3 -10.0 -8.3 -5.0 -2.1 -1.1 -0.2 0.4 0.6 1.5 14

15 Consumer credit 84.0 55.8 32.3 46.6 47.0 15.1 -8.8 9.2 61.4 135.0 15

16 By sector 958.8 845.7 722.0 784.1 684.3 655.5 469.8 511.9 560.1 575.9 16

17 Household sector 313.8 261.1 263.8 271.5 282.9 232.7 185.2 200.7 237.5 321.8 17

18 Nonfinancial business 255.8 294.4 223.9 307.1 207.7 128.8 -84.8 -9.3 8.5 143.7 18

19 Corporate 182.8 223.2 166.1 222.1 160.1 134.9 -53.1 23.0 29.4 128.2 19

20 Nonfarm noncorporate 99.2 88.0 70.3 95.4 46.6 -7.6 -33.2 -32.6 -22.7 11.9 20

21 Farm -26.3 -16.8 -12.5 -10.4 1.0 1.5 1.5 0.3 1.9 3.5 21

22 State and local governments 163.6 74.2 90.4 50.4 47.4 47.1 91.2 16.5 57.9 -45.5 22

23 Federal government 225.7 216.0 143.9 155.1 146.4 246.9 278.2 304.0 256.1 155.9 23

24 Foreign borrowing in U.S. 1.2 9.7 6.3 7.4 10.2 23.9 15.1 24.1 69.8 -11.2 24

25 Commercial paper 6.2 11.5 3.8 8.7 13.1 12.3 6.8 5.6 -9.6 -26.1 25

26 Bonds 3.8 3.1 7.4 6.9 4.9 21.4 15.0 16.8 82.9 14.9 26

27 Bank loans n.e.c. -2.8 -1.0 -3.6 -1.8 -0.1 -2.9 3.1 2.3 0.7 1.4 27

28 Other loans and advances -6.0 -3.9 -1.4 -6.4 -7.6 -7.0 -9.8 -0.6 -4.2 -1.4 28

29 Domestic and foreign 960.0 855.4 728.3 791.5 694.5 679.3 484.9 536.0 629.9 564.6 29

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 204.0 328.8 290.6 250.2 225.0 211.2 156.0 238.9 291.5 462.0 1

 2 Open market paper 32.0 24.2 26.9 54.8 31.3 8.6 -32.3 -1.1 -5.5 40.5 2

 3 GSE issues 20.6 15.2 30.2 44.9 25.2 17.1 9.2 40.7 80.6 176.9 3

 4 Agency- and GSE-backed mortgage pool sec. 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 4

 5 Corporate bonds 56.5 92.3 78.6 52.2 40.8 54.5 72.0 83.0 120.2 115.5 5

 6 Bank loans n.e.c. -0.2 12.3 -8.3 2.7 13.5 4.0 7.3 0.7 -14.4 -13.7 6

 7 Other loans and advances 16.2 20.2 25.0 19.4 -10.5 -24.0 -37.3 -0.6 22.4 17.8 7

 8 Mortgages 0.1 0.3 0.3 0.3 0.3 0.6 0.5 0.6 3.6 9.8 8

 9 By sector 204.0 328.8 290.6 250.2 225.0 211.2 156.0 238.9 291.5 462.0 9

10 Commercial banking 12.4 7.6 21.5 2.0 5.2 -26.8 -13.2 10.0 13.4 20.1 10

11 U.S.-chartered commercial banks -5.7 -5.9 0.6 -3.7 -2.1 1.7 -1.1 11.5 9.7 12.5 11

12 Foreign banking offices in U.S. 1.5 2.8 6.6 0.5 1.0 -0.9 -9.6 -3.8 -5.1 -2.6 12

13 Bank holding companies 16.6 10.7 14.3 5.2 6.2 -27.7 -2.5 2.3 8.8 10.3 13

14 Savings institutions 21.0 24.3 28.7 21.6 -15.0 -30.9 -44.7 -7.0 11.3 12.8 14

15 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 15

16 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 16

17 Government-sponsored enterprises 21.7 14.9 29.5 44.9 25.2 17.0 9.2 40.7 80.6 172.1 17

18 Agency- and GSE-backed mortgage pools 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 18

19 ABS issuers 15.8 37.5 43.6 36.1 26.9 59.4 53.8 56.3 82.5 70.3 19

20 Finance companies 41.9 60.5 12.0 24.0 37.5 23.1 13.6 4.9 -1.3 37.2 20

21 REITs 1.3 5.7 8.0 3.5 2.1 0.8 0.9 -0.4 1.7 10.2 21

22 Brokers and dealers 0.3 2.1 -0.1 4.3 6.3 1.5 3.7 2.7 12.0 0.5 22

23 Funding corporations 10.7 12.0 9.7 38.0 12.5 16.8 -4.0 16.2 6.3 23.1 23
FFA, 1985-1994, December 9, 2010 3

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total 1164.0 1184.2 1018.9 1041.8 919.5 890.5 640.8 774.9 921.4 1026.7 1

 2 Open market paper 52.8 26.4 32.3 75.4 65.9 30.7 -44.0 13.1 -5.1 35.7 2

 3 Treasury securities 225.8 215.6 142.4 137.7 144.7 238.7 292.0 303.8 248.3 155.7 3

 4 Agency- and GSE-backed securities 99.4 179.9 169.5 138.2 151.1 175.6 132.0 156.5 173.1 292.3 4

 5 Municipal securities 208.2 59.9 91.6 55.4 49.8 48.8 93.5 23.3 66.3 -35.9 5

 6 Corporate and foreign bonds 143.4 222.5 164.7 162.2 119.5 123.0 165.7 167.4 278.3 153.7 6

 7 Bank loans n.e.c. 39.6 68.6 1.5 41.2 41.5 5.5 -31.8 -8.9 -7.2 62.8 7

 8 Other loans and advances 50.9 68.5 63.3 62.5 34.8 26.6 -105.4 -0.4 -10.8 62.9 8

 9 Mortgages 259.8 287.0 321.2 322.6 265.1 226.5 147.5 111.0 117.2 164.4 9

10 Consumer credit 84.0 55.8 32.3 46.6 47.0 15.1 -8.8 9.2 61.4 135.0 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 16.1 84.2 -2.6 -107.1 -75.9 4.8 205.1 290.1 427.8 113.7 11

12 Corporate equities -70.4 -69.1 -62.8 -105.5 -103.3 -48.9 71.2 99.6 135.8 13.1 12

13 Nonfinancial -84.5 -85.0 -75.5 -129.5 -124.2 -63.0 18.3 27.0 21.3 -44.9 13

 Foreign shares purchased by

14 U.S. residents 3.7 1.2 -2.1 1.1 17.2 7.4 30.7 32.4 63.4 48.1 14

15 Financial 10.5 14.7 14.9 22.9 3.6 6.7 22.3 40.2 51.1 9.9 15

16 Mutual fund shares 86.5 153.3 60.2 -1.6 27.4 53.7 133.9 190.5 292.0 100.6 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) 1164.0 1184.2 1018.9 1041.8 919.5 890.5 640.8 774.9 921.4 1026.7 1

 2 U.S. official reserve assets 3.9 -0.3 -9.1 3.9 25.3 2.2 -5.8 -3.9 1.4 -5.3 2

 3 SDR certificates 0.1 0.3 0.0 0.0 3.5 1.5 0.0 -2.0 0.0 0.0 3

 4 Treasury currency 0.4 0.5 0.5 0.5 0.6 1.0 0.0 0.2 0.4 0.7 4

 5 Foreign deposits 7.1 27.6 8.6 14.7 29.1 27.9 -26.5 -3.4 -18.5 52.9 5

 6 Net interbank transactions 30.4 31.4 43.8 2.0 -10.6 29.2 -3.0 49.3 50.5 89.7 6

 7 Checkable deposits and currency 83.8 125.4 4.0 42.3 7.0 42.6 87.8 112.1 117.3 -11.8 7

 8 Small time and savings deposits 141.7 130.2 77.0 122.7 99.0 63.9 1.6 -57.2 -70.3 -37.4 8

 9 Large time deposits 17.1 3.6 49.8 53.2 16.9 -66.1 -58.5 -73.2 -23.5 19.6 9

10 Money market fund shares 10.2 48.2 23.2 21.2 89.7 68.6 41.6 4.5 20.2 40.5 10

11 Security RPs 26.5 48.0 -11.4 23.8 77.8 -24.6 -18.1 38.8 61.6 68.8 11

12 Corporate equities -70.4 -69.1 -62.8 -105.5 -103.3 -48.9 71.2 99.6 135.8 13.1 12

13 Mutual fund shares 86.5 153.3 60.2 -1.6 27.4 53.7 133.9 190.5 292.0 100.6 13

14 Trade payables 66.0 21.4 73.5 91.9 62.9 41.6 43.3 59.1 68.8 108.5 14

15 Security credit 43.3 9.9 -27.4 3.0 15.6 3.5 51.4 4.6 61.4 -0.1 15

16 Life insurance reserves 11.5 18.3 26.9 26.1 29.6 26.5 26.8 29.1 37.1 35.5 16

17 Pension fund reserves 233.6 188.0 167.8 217.3 200.4 191.8 222.5 202.1 291.0 290.6 17

18 Taxes payable 1.3 6.9 3.6 0.8 -2.1 2.1 -7.9 7.3 5.8 0.2 18

19 Noncorporate proprietors’ equity -15.4 -7.2 -27.1 -33.2 -32.0 31.2 37.4 41.0 50.9 50.3 19

20 Miscellaneous 515.9 224.7 365.7 497.3 598.4 170.8 309.2 313.9 430.5 343.2 20

21 Total financial sources 2357.6 2145.1 1785.5 2022.1 2054.7 1509.0 1548.1 1787.3 2433.6 2186.3 21

 - Liabilities not identified as assets:

22 Treasury currency -0.2 -0.0 -0.1 -0.1 -0.3 0.2 -0.6 -0.2 -0.2 -0.2 22

23 Foreign deposits 5.7 20.5 12.2 0.5 38.4 25.9 -24.0 -2.8 -5.8 42.9 23

24 Net interbank liabilities 6.0 -2.7 -5.6 -3.0 -1.6 -1.4 26.6 -4.9 4.2 -2.8 24

25 Security RPs -17.6 14.6 -18.4 7.3 8.9 -55.5 -39.1 4.3 42.7 61.7 25

26 Taxes payable 3.4 5.9 9.3 3.9 -1.3 7.9 -2.7 7.7 11.1 5.0 26

27 Miscellaneous 167.4 -72.2 -70.8 27.0 154.2 -71.7 -11.7 37.4 -77.3 -144.5 27

 - Floats not included in assets:

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

29 Federal govt. 1.3 -0.6 -0.0 1.6 8.4 3.3 -13.1 0.7 -1.5 -4.8 29

30 Private domestic 0.7 -8.9 0.4 0.8 -2.2 8.5 4.5 1.6 -1.3 -2.8 30

31 Trade credit 5.6 5.5 -9.0 -26.2 0.0 -8.0 48.3 22.1 20.4 8.0 31

 Totals identified to sectors

32 as assets 2185.3 2183.1 1867.5 2010.1 1850.0 1599.8 1559.7 1721.5 2441.3 2223.7 32
4 FFA, 1985-1994, December 9, 2010

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross Domestic Product (GDP) 4217.5 4460.1 4736.4 5100.4 5482.1 5800.5 5992.1 6342.3 6667.3 7085.2 1

 2 Personal consumption expenditures (2) 2717.6 2896.7 3097.0 3350.1 3594.5 3835.4 3980.1 4236.9 4483.6 4750.8 2

 3 Durable goods 380.4 421.4 442.0 475.1 494.3 497.1 477.2 508.1 551.5 607.2 3

 4 Nondurable goods 757.2 774.2 814.3 862.3 929.5 994.2 1020.3 1055.2 1090.8 1139.4 4

 5 Services 1580.0 1701.1 1840.7 2012.7 2170.7 2344.1 2482.6 2673.6 2841.2 3004.3 5

 6 Gross private domestic investment 736.2 746.5 785.0 821.6 874.9 861.0 802.9 864.8 953.3 1097.3 6

 7 Fixed investment 714.4 739.9 757.8 803.1 847.3 846.4 803.3 848.5 932.5 1033.5 7

 8 Nonresidential 526.2 519.8 524.1 563.8 607.7 622.4 598.2 612.1 666.6 731.4 8

 9 Household sector (nonprofit organizations) 24.0 25.8 29.8 31.9 35.2 38.2 39.8 41.6 40.1 40.9 9

10 Nonfinancial corporate business 354.8 344.5 338.2 361.6 392.0 420.9 411.6 428.1 464.1 512.6 10

11 Nonfarm noncorporate business 79.3 78.5 72.5 76.2 75.3 59.7 52.5 50.3 58.5 63.9 11

12 Farm business 10.6 9.5 9.6 12.6 14.5 15.5 13.8 12.3 15.9 18.7 12

13 Financial institutions 57.5 61.5 73.9 81.4 90.7 88.2 80.4 79.9 87.9 95.3 13

14 Residential 188.2 220.1 233.7 239.3 239.5 224.0 205.1 236.3 266.0 302.1 14

15 Household sector 149.4 175.0 189.6 199.5 198.1 184.0 172.1 202.5 227.6 261.0 15

16 Nonfinancial corporate business 1.6 1.8 1.7 1.6 1.6 1.5 1.6 -0.8 -3.3 -5.0 16

17 Nonfarm noncorporate business 37.1 43.1 42.2 38.1 39.7 38.3 31.2 32.0 36.5 38.8 17

18 REITs 0.1 0.2 0.2 0.1 0.1 0.2 0.2 2.6 5.2 7.3 18

19 Change in private inventories 21.8 6.6 27.1 18.5 27.7 14.5 -0.4 16.3 20.8 63.8 19

20 Nonfinancial corporate business 15.3 7.6 31.9 28.8 26.3 11.6 0.8 9.6 25.6 49.2 20

21 Nonfarm noncorporate business 0.8 0.4 1.7 1.5 1.4 0.6 0.0 0.5 1.3 2.6 21

22 Farm business 5.8 -1.5 -6.4 -11.9 -0.0 2.4 -1.3 6.3 -6.2 12.0 22

23 Net U.S. exports of goods and services -115.2 -132.5 -144.9 -110.1 -87.9 -77.6 -27.0 -32.8 -64.4 -92.7 23

24 Exports 302.0 320.3 363.8 443.9 503.1 552.1 596.6 635.0 655.6 720.7 24

25 - Imports 417.2 452.9 508.7 554.0 591.0 629.7 623.5 667.8 720.0 813.4 25

 Government consumption expenditures and

26 gross investment 878.9 949.3 999.4 1038.9 1100.6 1181.7 1236.1 1273.5 1294.8 1329.8 26

27 Consumption expenditures (3) 720.1 776.1 815.1 852.8 902.9 966.0 1015.8 1050.4 1075.4 1108.9 27

28 Federal 338.3 358.0 373.7 381.7 398.5 419.0 438.3 444.1 441.2 440.7 28

29 State and local 381.8 418.1 441.4 471.0 504.5 547.0 577.5 606.2 634.2 668.2 29

30 Gross investment (3) 158.8 173.2 184.3 186.1 197.7 215.7 220.3 223.1 219.4 220.9 30

31 Federal 74.4 80.4 85.8 79.8 83.0 88.5 88.2 88.8 83.8 77.9 31

32 State and local 84.4 92.8 98.4 106.3 114.7 127.2 132.1 134.3 135.7 143.0 32

 Memo:

33 Net U.S. income receipts from rest of the world 26.5 17.6 17.7 23.4 25.9 34.4 29.9 29.1 31.2 24.1 33

34 U.S. income receipts 112.4 111.0 122.8 151.6 177.2 188.5 168.1 151.8 155.2 184.1 34

35 - U.S. income payments 85.9 93.4 105.2 128.3 151.2 154.1 138.2 122.7 124.0 160.0 35

 Gross National Product (GNP) =

36 GDP + net U.S. income receipts 4244.0 4477.7 4754.0 5123.8 5508.1 5834.9 6022.0 6371.4 6698.5 7109.2 36

 Acquisition of nonproduced nonfinancial assets (net)

37 Household sector -2.5 -2.9 -3.2 -3.4 -3.8 -4.3 -4.3 -4.3 -4.3 -4.5 37

38 Nonfinancial corporate business 0.6 2.2 -0.5 -0.8 -0.4 -0.7 -1.8 -1.8 -1.8 -1.8 38

39 State and local governments 3.1 3.7 4.2 4.3 4.9 5.7 5.8 5.9 5.9 6.2 39

40 Federal governments -1.1 -3.0 -0.4 -0.1 -0.7 -0.7 0.2 0.2 0.2 0.2 40

41 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 41

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

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

(3) Government inventory investment is included in consumption expenditures.
FFA, 1985-1994, December 9, 2010 5

F.7 Distribution of National Income (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 National Income 3696.2 3871.4 4150.0 4522.3 4800.5 5059.5 5217.9 5517.1 5784.7 6181.3 1

 2 Compensation of employees 2411.7 2557.7 2735.6 2954.2 3131.3 3326.3 3438.3 3631.4 3797.1 3998.5 2

 3 Wages and other labor income 2264.2 2399.8 2569.4 2769.5 2937.6 3119.8 3223.2 3418.8 3551.0 3726.8 3

 4 Employer social insurance contributions 147.7 157.9 166.3 184.6 193.7 206.5 215.1 228.4 239.7 254.1 4

 5 Wage accruals less disbursements -0.2 0.0 0.0 0.0 0.0 0.1 -0.1 -15.8 6.4 17.6 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 246.1 262.6 294.2 334.8 351.6 365.1 367.3 414.9 449.6 485.1 6

 7 Nonfarm 225.1 239.7 265.3 308.0 318.6 333.0 339.8 379.1 417.6 449.5 7

 8 Farm 21.0 22.8 28.9 26.8 33.0 32.2 27.5 35.8 32.0 35.6 8

 Rental income of persons (with capital

 9 consumption adjustment) 41.9 33.8 34.2 40.2 42.4 49.8 61.6 84.6 114.1 142.9 9

 Corporate profits with inventory

10 valuation and capital consumption adjustments 332.5 314.1 367.8 426.6 425.6 434.4 457.3 496.2 543.7 628.2 10

 Corporate profits with inventory

11 valuation adjustment 257.5 253.0 306.9 367.7 374.1 398.8 430.3 471.6 515.0 586.6 11

12 Profits before tax 257.5 246.0 323.1 389.9 390.5 411.7 425.4 474.4 519.0 599.0 12

13 Domestic nonfinancial 173.8 148.8 212.7 263.2 241.9 242.2 226.1 257.4 307.5 391.5 13

14 Farm -0.3 0.9 0.9 1.0 1.2 1.1 0.7 1.2 1.2 0.4 14

15 Rest of the world 38.1 39.5 48.0 57.0 67.1 76.1 76.5 73.1 76.9 78.0 15

16 Domestic financial 45.9 56.8 61.6 68.8 80.2 92.3 122.1 142.7 133.4 129.2 16

 Less:

17 Taxes on corporate income 99.4 109.7 130.4 141.6 146.1 145.4 138.6 148.7 171.0 193.1 17

18 Domestic nonfinancial 70.9 75.9 93.9 103.6 100.7 98.0 88.2 94.0 107.5 131.9 18

19 Farm 0.2 0.4 0.4 0.4 0.5 0.5 0.4 0.4 0.5 0.5 19

20 Domestic financial 28.3 33.4 36.2 37.7 44.9 47.0 50.0 54.3 63.0 60.8 20

 Equals:

21 Profits after tax 158.1 136.3 192.7 248.3 244.4 266.3 286.8 325.7 348.0 405.9 21

22 Net dividends 97.6 106.2 112.3 129.9 158.0 169.1 180.7 188.0 202.9 235.7 22

23 Domestic nonfinancial 71.6 72.4 76.0 81.3 104.7 117.5 124.7 133.1 148.4 157.0 23

24 Farm 0.4 0.5 0.2 0.8 0.7 0.8 0.8 1.2 0.7 1.0 24

25 Rest of the world 11.8 17.9 16.7 31.9 31.6 25.0 24.3 28.0 20.6 38.2 25

26 Domestic financial 13.7 15.4 19.4 15.9 21.0 25.8 30.8 25.7 33.2 39.6 26

27 Undistributed profits 60.5 30.1 80.3 118.4 86.4 97.2 106.1 137.7 145.1 170.2 27

28 Domestic nonfinancial 31.3 0.6 42.8 78.3 36.5 26.8 13.2 30.3 51.5 102.6 28

29 Farm -0.9 0.1 0.3 -0.3 0.1 -0.2 -0.5 -0.4 -0.1 -1.1 29

30 Rest of the world 26.3 21.6 31.3 25.1 35.5 51.1 52.1 45.1 56.3 39.8 30

31 Domestic financial 3.9 7.9 6.0 15.3 14.3 19.6 41.3 62.7 37.3 28.8 31

32 Inventory valuation adjustment 0.0 7.1 -16.2 -22.2 -16.3 -12.9 4.9 -2.8 -4.0 -12.4 32

33 Capital consumption adjustment 75.1 61.1 61.0 58.9 51.5 35.7 27.0 24.6 28.7 41.6 33

34 Domestic nonfinancial 75.6 62.3 62.3 61.9 56.6 46.3 39.7 40.2 42.6 53.3 34

35 Farm 0.6 0.4 0.3 0.4 0.2 0.1 -0.1 0.1 0.3 0.7 35

36 Domestic financial -1.1 -1.6 -1.6 -3.4 -5.3 -10.7 -12.6 -15.7 -14.2 -12.4 36

37 Net interest and miscellaneous payments 341.5 367.1 366.7 385.3 434.1 444.2 418.2 387.7 364.6 362.2 37

38 Taxes on production and imports 308.1 323.4 347.5 374.5 398.9 425.0 457.1 483.4 503.1 545.2 38

39 Less: Subsidies 21.4 24.9 30.3 29.5 27.4 27.0 27.5 30.1 36.7 32.5 39

40 Business current transfer payments (net) 35.2 36.9 34.1 33.6 39.2 40.1 39.9 40.7 40.5 41.9 40

41 Current surplus of government enterprises 0.6 0.9 0.2 2.6 4.9 1.6 5.7 8.2 8.7 9.6 41

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

42 National Income, from line 1 above 3696.2 3871.4 4150.0 4522.3 4800.5 5059.5 5217.9 5517.1 5784.7 6181.3 42

 Plus:

43 Private consumption of fixed capital 412.8 439.1 464.5 497.1 529.6 560.4 585.4 599.9 626.4 661.0 43

44 Government consumption of fixed capital 92.7 99.4 106.6 113.9 121.8 130.8 138.9 144.5 151.6 158.2 44

45 Statistical discrepancy 42.3 67.8 32.9 -9.5 56.1 84.2 79.7 110.0 135.8 108.8 45

 Less:

46 Net U.S. income receipts from rest of the world 26.5 17.6 17.7 23.4 25.9 34.4 29.9 29.1 31.2 24.1 46

 Equals:

47 Gross Domestic Product 4217.5 4460.1 4736.4 5100.4 5482.1 5800.5 5992.1 6342.3 6667.3 7085.2 47

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
6 FFA, 1985-1994, December 9, 2010

F.8 Saving and Investment by Sector (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 738.1 709.3 782.3 901.5 924.1 917.7 951.3 932.3 958.4 1094.7 1

 2 Net saving 232.7 170.8 211.2 290.5 272.7 226.5 226.9 187.9 180.4 275.5 2

 3 Net private saving 388.9 344.7 348.5 411.7 386.5 396.7 451.1 491.8 461.6 487.7 3

 4 Domestic business 135.6 98.3 125.1 155.1 121.5 120.0 138.0 159.5 169.7 199.4 4

 5 Nonfinancial corporate business 130.6 90.1 118.0 140.8 109.2 106.5 104.9 107.9 139.5 176.5 5

 6 Financial business 5.0 8.2 7.1 14.3 12.3 13.5 33.1 51.6 30.3 22.8 6

 7 Households and institutions 253.3 246.4 223.4 256.6 265.0 276.7 313.1 332.3 291.8 288.3 7

 8 Net government saving -156.3 -173.9 -137.4 -121.2 -113.8 -170.3 -224.2 -303.9 -281.2 -212.2 8

 9 Federal -178.6 -194.6 -149.3 -138.4 -133.9 -176.4 -218.4 -302.5 -280.2 -220.4 9

10 State and local 22.4 20.7 12.0 17.2 20.1 6.2 -5.8 -1.4 -0.9 8.2 10

11 Consumption of fixed capital 505.4 538.5 571.1 611.0 651.5 691.2 724.4 744.4 778.0 819.2 11

12 Private 412.8 439.1 464.5 497.1 529.6 560.4 585.4 599.9 626.4 661.0 12

13 Domestic business 348.0 369.9 390.3 417.6 444.4 469.8 490.6 500.9 521.2 549.4 13

14 Nonfinancial corporate business (2) 244.0 258.0 270.0 287.3 303.9 321.0 336.1 344.1 359.0 380.1 14

15 Nonfinancial noncorporate business (3) 73.9 77.5 81.1 85.8 90.4 93.6 95.3 95.8 97.9 101.2 15

16 Financial business 30.1 34.4 39.2 44.5 50.0 55.2 59.2 61.1 64.2 68.2 16

17 Households and institutions 64.8 69.2 74.1 79.5 85.2 90.6 94.8 99.0 105.2 111.5 17

18 Government 92.7 99.4 106.6 113.9 121.8 130.8 138.9 144.5 151.6 158.2 18

19 Federal 48.0 51.6 55.2 59.1 63.3 67.7 72.0 74.6 77.8 80.1 19

20 State and local 44.6 47.8 51.4 54.8 58.5 63.0 66.9 69.9 73.8 78.1 20

 Gross domestic investment, capital account

21 transactions, and net lending, NIPAs 780.7 777.1 815.1 892.0 980.3 1001.8 1031.1 1042.3 1094.2 1203.5 21

22 Gross domestic investment 895.0 919.7 969.2 1007.7 1072.6 1076.7 1023.2 1087.9 1172.8 1318.2 22

23 Gross private domestic investment 736.2 746.5 785.0 821.6 874.9 861.0 802.9 864.8 953.3 1097.3 23

24 Domestic business 562.8 545.7 565.6 590.2 641.6 638.8 590.9 620.7 685.6 795.3 24

25 Nonfinancial corporate business (2) 373.4 355.1 372.7 392.5 421.6 436.2 415.9 441.3 493.1 568.0 25

26 Nonfinancial noncorporate business (3) 131.9 129.1 118.9 116.2 129.3 114.5 94.7 99.5 104.6 132.0 26

27 Financial business 57.5 61.5 73.9 81.4 90.7 88.2 80.4 79.9 87.9 95.3 27

28 Households and institutions 173.4 200.8 219.4 231.4 233.3 222.2 212.0 244.1 267.7 302.0 28

29 Gross government investment 158.8 173.2 184.3 186.1 197.7 215.7 220.3 223.1 219.4 220.9 29

30 Federal 74.4 80.4 85.8 79.8 83.0 88.5 88.2 88.8 83.8 77.9 30

31 State and local 84.4 92.8 98.4 106.3 114.7 127.2 132.1 134.3 135.7 143.0 31

32 Capital account transactions (net) (4) 0.1 0.1 0.1 0.1 0.3 7.4 5.3 -1.3 0.9 1.3 32

33 Private 7.0 9.3 6.8 6.9 8.2 10.8 9.6 8.2 11.6 13.9 33

34 Domestic business 0.6 2.2 -0.5 -0.8 1.3 -0.7 -0.6 6.8 -0.7 3.0 34

35 Nonfinancial corporate business (2) 0.6 2.2 -0.5 -0.8 -1.6 -0.7 -1.8 -8.8 -2.4 -5.1 35

36 Nonfinancial noncorporate business (3) 0.0 0.0 0.0 0.0 -0.4 0.0 -0.1 -1.8 -0.4 -4.1 36

37 Financial business 0.0 0.0 0.0 0.0 3.2 0.0 1.3 17.4 2.0 12.2 37

38 Households and institutions 6.4 7.1 7.3 7.7 7.0 11.5 10.2 1.4 12.3 10.9 38

39 Government -6.9 -9.2 -6.7 -6.8 -7.9 -3.4 -4.3 -9.5 -10.7 -12.6 39

40 Federal 12.0 10.1 11.5 12.0 10.6 15.9 15.7 11.6 11.6 11.1 40

41 State and local -18.9 -19.3 -18.2 -18.8 -18.5 -19.3 -20.0 -21.0 -22.3 -23.7 41

42 Net lending (+) or net borrowing (-), NIPAs (5) -114.5 -142.8 -154.2 -115.9 -92.7 -82.3 2.6 -44.3 -79.4 -116.0 42

43 Private 101.1 95.7 54.1 70.8 89.0 169.5 303.9 328.8 258.8 146.3 43

44 Domestic business -37.3 -12.0 -16.7 -26.3 -20.9 35.8 118.1 143.0 141.7 59.3 44

45 Nonfinancial corporate business (2) (5) 43.2 58.6 48.7 26.8 49.2 76.1 106.7 129.5 143.6 102.4 45

46 Nonfinancial noncorporate business (3) -58.0 -51.6 -37.8 -30.4 -38.5 -20.9 0.7 -1.9 -6.3 -26.7 46

47 Financial business -22.4 -19.0 -27.7 -22.6 -31.6 -19.4 10.6 15.4 4.5 -16.5 47

48 Households and institutions 138.3 107.7 70.9 97.1 109.9 133.7 185.8 185.8 117.1 86.9 48

49 Government -215.5 -238.5 -208.4 -186.7 -181.7 -251.8 -301.3 -373.1 -338.3 -262.2 49

50 Federal -217.0 -233.6 -191.5 -171.2 -164.2 -213.1 -250.3 -328.2 -297.8 -229.3 50

51 State and local 1.5 -4.9 -16.9 -15.5 -17.5 -38.8 -51.0 -44.9 -40.5 -33.0 51

52 Statistical discrepancy (line 21 less line 1) 42.3 67.8 32.9 -9.5 56.1 84.2 79.7 110.0 135.8 108.8 52

 Addenda:

53 Disaster losses 1.7 0.0 0.0 0.0 9.0 0.0 1.5 17.9 4.1 20.4 53

54 Private 1.7 0.0 0.0 0.0 7.9 0.0 1.5 17.9 4.1 18.4 54

55 Domestic business 0.5 0.0 0.0 0.0 4.7 0.0 0.3 8.2 2.5 13.6 55

56 Households and institutions 1.2 0.0 0.0 0.0 3.3 0.0 1.2 9.8 1.6 4.8 56

57 Government 0.0 0.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0 2.0 57

58 Federal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

59 State and local 0.0 0.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0 2.0 59

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

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

(2) Includes corporate farms.

(3) Includes noncorporate farms.

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

(5) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
FFA, 1985-1994, December 9, 2010 7

F.9 Net Capital Transfers (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Capital transfers paid, by sector 28.5 30.1 29.7 30.9 35.9 44.0 43.4 57.6 44.0 58.8 1

 2 By private business 0.0 0.0 0.0 0.0 3.3 0.0 1.3 17.7 2.1 12.5 2

 3 Financial corporations 0.0 0.0 0.0 0.0 3.3 0.0 1.3 17.7 2.1 12.5 3

 4 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 3.3 0.0 1.3 17.7 2.1 12.5 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 (disaster-related) 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 19.6 20.1 19.1 19.8 20.2 28.2 26.5 22.6 24.3 26.0 8

 9 Federal 19.6 20.1 19.1 19.8 20.2 28.2 26.5 22.6 24.3 26.0 9

10 Investment grants to state and local govts. 19.4 20.0 19.0 19.6 19.9 20.8 21.2 22.4 23.5 24.8 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 0.0 0.0 13

14 Other capital transfers paid to persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Capital transfers paid to the rest of the world (net) 0.1 0.1 0.1 0.1 0.3 7.4 5.3 0.2 0.8 1.2 15

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

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

18 By persons 8.9 10.0 10.6 11.1 12.4 15.8 15.6 15.8 17.6 20.2 18

19 Estate and gift taxes, federal 6.4 7.0 7.2 7.6 8.9 11.6 11.0 11.3 12.9 15.1 19

20 Estate and gift taxes, state and local 2.6 3.0 3.4 3.5 3.5 4.2 4.6 4.5 4.7 5.1 20

21 By the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.0 0.0 21

22 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.0 0.0 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 28.5 30.1 29.7 30.9 35.9 44.0 43.4 57.6 44.0 58.8 24

25 By private business 0.0 0.0 0.0 0.0 1.6 0.0 0.1 9.1 1.0 7.7 25

26 Financial corporations 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.3 0.0 0.3 26

27 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.3 0.0 0.3 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 0.0 0.0 0.0 0.0 1.2 0.0 0.0 7.0 0.6 3.3 29

30 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 1.2 0.0 0.0 7.0 0.6 3.3 30

31 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Noncorporate business 0.0 0.0 0.0 0.0 0.4 0.0 0.1 1.8 0.4 4.1 32

33 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.4 0.0 0.1 1.8 0.4 4.1 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 28.4 30.0 29.5 30.7 32.3 36.6 36.8 38.2 41.1 45.0 35

36 Federal 6.4 7.0 7.2 7.6 8.9 11.6 11.0 11.3 12.9 15.1 36

37 Estate and gift taxes paid by persons 6.4 7.0 7.2 7.6 8.9 11.6 11.0 11.3 12.9 15.1 37

38 State and local 22.0 23.0 22.3 23.1 23.4 25.0 25.8 26.9 28.2 29.9 38

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

40 Estate and gift taxes paid by persons 2.6 3.0 3.4 3.5 3.5 4.2 4.6 4.5 4.7 5.1 40

41 Investment grants paid by federal government 19.4 20.0 19.0 19.6 19.9 20.8 21.2 22.4 23.5 24.8 41

42 By persons 0.0 0.0 0.0 0.0 1.6 0.0 1.1 10.1 1.1 4.8 42

43 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 1.6 0.0 1.1 10.1 1.1 4.8 43

44 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 By the rest of the world 0.1 0.1 0.1 0.1 0.3 7.4 5.3 0.2 0.8 1.2 45

46 Capital transfers paid by U.S. government 0.1 0.1 0.1 0.1 0.3 7.4 5.3 0.2 0.8 1.2 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) -0.0 0.0 0.0 0.0 1.6 0.0 1.1 8.6 1.1 4.8 48

49 Financial corporations (lines 3-26) 0.0 0.0 0.0 0.0 3.2 0.0 1.3 17.4 2.0 12.2 49

50 Property-casualty insurance companies (line 4) 0.0 0.0 0.0 0.0 3.3 0.0 1.3 17.7 2.1 12.5 50

51 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 -0.1 0.0 0.0 -0.3 -0.0 -0.3 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 -0.1 0.0 0.0 -0.3 -0.0 -0.3 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) -0.0 0.0 0.0 0.0 -1.2 0.0 0.0 -7.0 -0.6 -3.3 57

58 Noncorporate business (lines 7-32) 0.0 0.0 0.0 0.0 -0.4 0.0 -0.1 -1.8 -0.4 -4.1 58

59 By government (lines 8-35) -8.8 -9.9 -10.4 -11.0 -12.1 -8.4 -10.3 -15.6 -16.8 -19.0 59

60 Federal (lines 9-36) 13.2 13.1 11.9 12.1 11.3 16.6 15.5 11.3 11.4 10.9 60

61 State and local (lines 16-38) -22.0 -23.0 -22.3 -23.1 -23.4 -25.0 -25.8 -26.9 -28.2 -29.9 61

62 By persons (lines 18-42) 8.9 10.0 10.6 11.1 10.8 15.8 14.5 5.7 16.6 15.5 62

63 By the rest of the world (lines 21-45) -0.1 -0.1 -0.1 -0.1 -0.3 -7.4 -5.3 1.3 -0.8 -1.2 63

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

(2) Sum of lines 52, 54, 55, and 56 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Flow of Funds Accounts.
8 FFA, 1985-1994, December 9, 2010

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net acquisition of financial assets 574.1 575.5 471.4 557.4 442.1 518.8 416.7 434.5 411.4 480.1 1

 2 Foreign deposits 0.8 0.8 -0.1 0.9 0.8 1.4 1.0 1.2 -1.1 3.1 2

 3 Checkable deposits and currency 29.5 118.5 4.9 3.9 3.4 -8.4 54.1 116.8 51.8 -17.6 3

 4 Time and savings deposits 137.5 95.9 126.7 169.3 80.5 33.1 -76.0 -97.7 -109.4 -23.1 4

 5 Money market fund shares 3.3 42.0 20.7 19.2 78.6 39.2 19.0 -39.8 -0.9 13.9 5

 6 Securities 94.9 64.9 91.8 58.5 8.9 200.9 128.2 209.8 92.1 128.2 6

 7 Open market paper -9.2 -0.3 -0.8 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 7

 8 U.S. savings bonds 5.3 13.6 7.8 8.5 8.2 8.5 11.9 19.1 14.7 8.0 8

 9 Other Treasury securities 6.7 -13.9 24.7 70.6 35.3 88.8 12.9 64.9 35.4 166.5 9

10 Agency- and GSE-backed securities -7.7 1.7 7.1 20.2 20.6 35.3 6.4 1.7 -56.8 110.5 10

11 Municipal securities 103.6 15.2 105.6 56.8 27.9 34.7 54.7 -28.3 -28.3 -46.3 11

12 Corporate and foreign bonds 46.5 31.9 32.0 -11.8 5.3 47.1 28.8 -2.2 6.0 27.0 12

13 Corporate equities (2) -130.1 -122.6 -143.8 -122.3 -110.1 -50.8 -53.9 27.2 -118.7 -145.3 13

14 Mutual fund shares 79.7 139.4 59.0 -1.7 27.3 31.5 102.7 133.3 227.5 3.2 14

15 Life insurance reserves 11.5 18.3 26.9 26.1 29.6 26.5 26.8 29.1 37.1 35.5 15

16 Pension fund reserves 233.6 188.0 167.8 217.3 200.4 191.8 222.5 202.1 291.0 290.6 16

17 Miscellaneous and other assets 62.9 47.1 32.8 62.3 40.0 34.3 41.0 13.1 50.8 49.4 17

18 Gross investment in tangible assets 659.0 724.6 751.2 786.5 820.3 799.4 750.4 817.7 885.8 993.9 18

19 Residential fixed investment 186.5 218.1 231.8 237.6 237.7 222.3 203.3 234.6 264.1 299.8 19

20 Nonresidential fixed investment (3) 113.9 113.8 112.0 120.7 125.0 113.4 106.2 104.2 114.5 123.5 20

21 Consumer durables 354.7 396.6 415.4 441.9 460.0 465.0 446.4 476.4 516.3 560.5 21

22 Nonproduced nonfinancial assets -2.5 -2.9 -3.2 -3.4 -3.8 -4.3 -4.3 -4.3 -4.3 -4.5 22

23 Inventories (3) 6.6 -1.0 -4.7 -10.4 1.4 3.0 -1.2 6.8 -4.8 14.6 23

24 Consumption of fixed capital 405.4 441.4 471.3 504.8 540.8 572.9 598.9 616.5 647.5 681.5 24

25 Residential fixed investment 69.2 74.0 79.2 84.5 89.7 94.2 97.4 100.4 106.1 112.2 25

26 Nonresidential fixed investment (3) 74.8 79.4 77.6 82.4 87.5 91.6 94.5 96.1 98.9 102.5 26

27 Consumer durables 261.4 288.0 314.5 337.9 363.6 387.1 407.0 420.0 442.5 466.8 27

28 Net investment in tangible assets (4) 253.6 283.3 279.9 281.7 279.5 226.5 151.5 201.1 238.3 312.3 28

29 Residential fixed investment 117.3 144.1 152.6 153.1 148.1 128.1 105.9 134.1 158.1 187.7 29

30 Nonresidential fixed investment (3) 39.0 34.4 34.4 38.4 37.5 21.7 11.7 8.1 15.6 21.0 30

31 Consumer durables 93.3 108.7 100.9 104.1 96.3 77.9 39.4 56.4 73.8 93.7 31

32 Nonproduced nonfinancial assets -2.5 -2.9 -3.2 -3.4 -3.8 -4.3 -4.3 -4.3 -4.3 -4.5 32

33 Inventories (3) 6.6 -1.0 -4.7 -10.4 1.4 3.0 -1.2 6.8 -4.8 14.6 33

34 Net increase in liabilities 440.2 348.9 311.0 389.7 375.8 230.2 181.5 193.6 250.7 367.0 34

35 Mortgage debt on nonfarm homes 181.0 203.3 239.2 222.6 226.6 207.1 166.9 169.0 157.0 176.0 35

36 Other mortgage debt (3) 71.7 67.4 35.5 73.9 43.5 -1.9 -6.5 -20.5 -14.9 -20.9 36

37 Consumer credit 84.0 55.8 32.3 46.6 47.0 15.1 -8.8 9.2 61.4 135.0 37

38 Policy loans -0.1 -0.1 -0.0 -0.0 3.2 4.1 4.8 5.7 5.6 7.8 38

39 Security credit 18.9 6.7 -16.3 1.7 -1.0 -3.7 16.3 -1.6 22.6 -1.1 39

40 Other liabilities (3) 84.8 15.7 20.4 44.9 56.5 9.5 8.8 31.8 18.9 70.3 40

41 Net capital transfers paid (5) 8.9 10.0 10.6 11.1 10.4 15.8 14.3 3.9 16.2 11.3 41

42 Personal saving, with consumer durables (FOF) 396.4 519.9 451.0 460.5 356.2 530.8 401.1 445.9 415.2 436.8 42

43 Less net investment in consumer durables 93.3 108.7 100.9 104.1 96.3 77.9 39.4 56.4 73.8 93.7 43

44 = Personal saving, without consumer durables (FOF) (6) 303.1 411.2 350.1 356.5 259.9 452.9 361.7 389.5 341.4 343.1 44

45 Personal saving (NIPA, excludes consumer durables) 253.6 246.4 223.4 256.6 265.0 276.7 313.2 348.1 285.4 270.7 45

46 Difference 49.6 164.8 126.6 99.9 -5.1 176.2 48.5 41.4 56.0 72.4 46

 Memo:

47 Disposable personal income 3079.3 3258.8 3435.3 3726.3 3991.4 4254.0 4444.9 4736.7 4921.6 5184.3 47

 Personal saving as a percentage of disposable personal income:

48 With consumer durables (FOF) (line 40) 12.9 16.0 13.1 12.4 8.9 12.5 9.0 9.4 8.4 8.4 48

49 Without consumer durables (FOF) (line 42) 9.8 12.6 10.2 9.6 6.5 10.6 8.1 8.2 6.9 6.6 49

50 Without consumer durables (NIPA) (line 43) 8.2 7.6 6.5 6.9 6.6 6.5 7.0 7.3 5.8 5.2 50

51 Difference (line 44) 1.6 5.1 3.7 2.7 -0.1 4.1 1.1 0.9 1.1 1.4 51

(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 24.

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

(6) Line 44 and 45 are conceptually equivalent but measure saving using different data. Line 44 is net acquisition of financial assets (line 1) plus net investment in tangible assets net of consumer durables

 (line 28 less line 43) less net increase in liabilities (line 34) plus net capital transfers paid (line 41). Line 45 is disposable personal income (line 47) less personal outlays (table F.100, line 4).
FFA, 1985-1994, December 9, 2010 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Personal income 3496.7 3696.0 3924.4 4231.2 4557.5 4846.7 5031.5 5347.3 5568.1 5874.8 1

 2 - Personal current taxes 417.3 437.2 489.1 504.9 566.1 592.7 586.6 610.5 646.5 690.5 2

 3 = Disposable personal income 3079.3 3258.8 3435.3 3726.3 3991.4 4254.0 4444.9 4736.7 4921.6 5184.3 3

 4 - Personal outlays 2825.8 3012.4 3211.9 3469.7 3726.4 3977.3 4131.7 4388.7 4636.2 4913.6 4

 5 = Personal saving, NIPA (2) 253.6 246.4 223.4 256.6 265.0 276.7 313.2 348.1 285.4 270.7 5

 6 + Government insurance and pension reserves (3) 2.2 3.0 1.8 2.1 2.1 1.8 2.4 2.4 1.7 1.6 6

 7 + Net investment in consumer durables 93.3 108.7 100.9 104.1 96.3 77.9 39.4 56.4 73.8 93.7 7

 8 + Consumption of fixed capital 326.3 357.3 388.8 417.6 449.0 477.9 502.1 519.2 548.0 578.6 8

 9 - Net capital transfers paid (4) 8.9 10.0 10.6 11.1 10.8 15.8 14.5 5.7 16.6 15.5 9

10 = Gross saving less net capital transfers paid 666.5 705.4 704.4 769.3 801.6 818.5 842.6 920.4 892.3 929.0 10

11 Gross investment 714.1 866.7 828.6 866.8 794.2 993.1 889.3 959.7 946.4 1000.2 11

12 Capital expenditures 525.5 594.5 631.5 669.9 689.5 682.9 654.1 716.3 779.7 857.9 12

13 Residential 149.4 175.0 189.6 199.5 198.1 184.0 172.1 202.5 227.6 261.0 13

14 Consumer durable goods 354.7 396.6 415.4 441.9 460.0 465.0 446.4 476.4 516.3 560.5 14

15 Nonprofit nonresidential 24.0 25.8 29.8 31.9 35.2 38.2 39.8 41.6 40.1 40.9 15

16 Nonproduced nonfinancial assets -2.5 -2.9 -3.2 -3.4 -3.8 -4.3 -4.3 -4.3 -4.3 -4.5 16

17 Net lending (+) or net borrowing (-) 188.6 272.1 197.1 197.0 104.8 310.2 235.2 243.5 166.7 142.3 17

18 Net acquisition of financial assets 524.4 540.9 450.5 473.0 403.7 548.7 445.4 448.5 433.3 468.8 18

19 Foreign deposits 0.8 0.8 -0.1 0.9 0.8 1.4 1.0 1.2 -1.1 3.1 19

20 Checkable deposits and currency 15.1 115.9 4.0 -0.7 2.2 -10.7 51.9 111.3 48.4 -30.0 20

21 Time and savings deposits 132.0 94.2 128.6 162.7 79.1 30.5 -78.2 -104.7 -112.8 -26.7 21

22 Money market fund shares 3.3 41.9 20.8 17.0 78.1 38.3 18.3 -42.2 -2.1 9.6 22

23 Credit market instruments 149.0 42.5 191.8 184.2 98.9 229.8 81.6 42.7 -26.3 257.0 23

24 Open market paper -9.2 -0.3 -0.8 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 24

25 Treasury securities 11.6 -2.4 33.5 78.5 41.8 96.7 25.1 83.3 49.4 169.8 25

26 Savings bonds 5.3 13.6 7.8 8.5 8.2 8.5 11.9 19.1 14.7 8.0 26

27 Other 6.4 -15.9 25.7 70.1 33.7 88.3 13.2 64.2 34.8 161.8 27

28 Agency- and GSE-backed securities -7.7 1.7 7.1 20.2 20.6 35.3 6.4 1.7 -56.8 110.5 28

29 Municipal securities 103.6 15.2 105.6 56.8 27.9 34.7 54.7 -28.3 -29.8 -46.5 29

30 Corporate and foreign bonds 46.5 31.9 32.0 -11.8 5.3 47.1 28.8 -2.2 6.0 27.0 30

31 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Mortgages 4.0 -3.6 14.4 2.3 8.9 10.2 1.8 -5.9 -7.4 -8.5 32

33 Corporate equities (6) -130.1 -122.6 -143.8 -122.3 -110.1 -50.8 -53.9 27.2 -118.7 -145.3 33

34 Mutual fund shares 79.7 139.4 59.0 -1.7 27.3 31.5 102.7 133.3 227.5 3.2 34

35 Security credit 13.5 9.0 -5.8 1.8 12.3 9.2 24.6 -10.8 26.0 6.7 35

36 Life insurance reserves 11.5 18.3 26.9 26.1 29.6 26.5 26.8 29.1 37.1 35.5 36

37 Pension fund reserves 233.6 188.0 167.8 217.3 200.4 191.8 222.5 202.1 291.0 290.6 37

38 Equity in noncorporate business -15.4 -7.2 -27.1 -33.2 -32.0 31.2 37.4 41.0 50.9 50.3 38

39 Miscellaneous assets 31.3 20.7 28.3 21.0 17.1 20.0 10.7 18.3 13.3 14.7 39

40 Net increase in liabilities 335.8 268.8 253.4 276.1 298.9 238.4 210.1 205.0 266.7 326.5 40

41 Credit market instruments 313.8 261.1 263.8 271.5 282.9 232.7 185.2 200.7 237.5 321.8 41

42 Home mortgages (7) 181.5 198.8 221.5 215.7 224.9 200.1 174.6 173.1 156.3 166.5 42

43 Consumer credit 84.0 55.8 32.3 46.6 47.0 15.1 -8.8 9.2 61.4 135.0 43

44 Municipal securities 30.2 -3.0 -0.3 1.5 3.2 3.0 3.8 2.4 1.1 3.2 44

45 Bank loans n.e.c. (8) 9.0 -0.0 0.9 -1.9 -9.6 -2.6 -4.8 4.5 9.8 13.4 45

46 Other loans and advances 6.9 4.3 3.3 3.8 3.6 7.3 7.4 6.2 1.3 11.1 46

47 Commercial mortgages 2.2 5.2 6.1 5.8 13.8 9.7 12.9 5.4 7.7 -7.4 47

48 Security credit 18.9 6.7 -16.3 1.7 -1.0 -3.7 16.3 -1.6 22.6 -1.1 48

49 Trade payables 3.1 2.3 4.7 2.4 16.2 9.3 9.4 5.9 6.0 5.2 49

 Deferred and unpaid

50 life insurance premiums 0.1 -1.3 1.2 0.4 0.8 0.1 -0.7 0.0 0.5 0.5 50

51 Discrepancy -47.7 -161.3 -124.2 -97.6 7.4 -174.6 -46.7 -39.4 -54.1 -71.2 51

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

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

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

(4) Table F.9, line 62.

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

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

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

(8) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.108, line 17.
10 FFA, 1985-1994, December 9, 2010

F.101 Nonfinancial Business (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Income before taxes 452.7 439.9 533.8 623.2 617.9 635.4 628.6 721.3 821.9 952.0 1

 2 Gross saving less net capital transfers paid 452.3 430.7 469.0 513.7 504.1 519.1 534.1 554.9 595.2 664.2 2

 3 Gross investment 284.1 382.0 409.2 385.3 345.9 468.9 524.3 517.8 699.1 693.4 3

 4 Capital expenditures 505.7 486.2 490.9 507.9 550.4 549.8 508.6 536.4 590.8 691.0 4

 5 Fixed investment 483.3 477.4 464.3 490.2 523.1 535.9 510.8 521.9 571.7 629.0 5

 6 Residential 38.6 44.9 43.9 39.7 41.3 39.8 32.8 31.2 33.2 33.8 6

 7 Nonresidential 444.6 432.5 420.4 450.5 481.8 496.1 478.0 490.6 538.5 595.2 7

 8 Change in inventories 21.8 6.6 27.1 18.5 27.7 14.5 -0.4 16.3 20.8 63.8 8

 9 Nonproduced nonfinancial assets 0.6 2.2 -0.5 -0.8 -0.4 -0.7 -1.8 -1.8 -1.8 -1.8 9

10 Net lending (+) or net borrowing (-) -221.7 -104.2 -81.8 -122.6 -204.6 -80.8 15.7 -18.5 108.3 2.4 10

11 Net acquisition of financial assets 246.9 157.6 223.4 401.3 189.4 126.3 91.0 172.3 360.2 336.0 11

12 Foreign deposits 2.7 3.2 -2.9 5.3 -6.8 0.0 1.7 -0.6 -1.3 1.2 12

13 Checkable deposits and currency 37.5 4.1 10.4 18.6 10.3 8.4 9.1 1.2 23.8 24.2 13

14 Time and savings deposits 5.7 17.9 -1.5 2.9 -0.3 -3.4 5.2 5.4 19.4 8.0 14

15 Money market fund shares -1.5 0.5 0.8 -3.3 0.5 10.2 5.2 15.8 -2.5 7.4 15

16 Security RPs -0.5 1.7 -1.7 1.6 -2.2 -0.6 -0.5 3.4 -2.6 -0.3 16

17 Credit market instruments 21.8 -2.9 -8.5 29.4 21.1 -29.6 25.4 27.7 21.7 24.5 17

18 Commercial paper 0.7 -0.3 4.8 -1.3 0.6 -0.5 0.9 2.3 2.4 -0.6 18

19 Treasury securities 4.9 1.2 -9.5 -3.3 25.1 -13.2 5.5 17.9 -11.1 6.7 19

20 Agency- and GSE-backed securities -1.3 -1.7 0.3 3.4 3.1 -5.9 1.8 3.5 10.5 0.8 20

21 Municipal securities 3.1 -0.5 -5.7 -2.6 15.6 -7.7 20.1 1.0 10.4 2.1 21

22 Mortgages 10.2 -6.2 -5.4 26.6 -26.4 -5.7 1.2 0.2 -11.1 6.0 22

23 Consumer credit 4.1 4.5 7.0 6.7 3.1 3.3 -4.2 2.8 20.6 9.4 23

24 Mutual fund shares 3.7 3.8 -2.7 -2.7 -1.4 -1.0 2.4 5.0 6.8 2.1 24

25 Trade receivables 49.7 10.2 65.3 102.6 48.9 31.9 -6.9 34.7 41.9 88.2 25

26 Miscellaneous assets 127.9 119.1 164.2 247.0 119.4 110.5 49.4 79.8 253.0 180.8 26

27 Net increase in liabilities 468.6 261.7 305.2 523.9 393.9 207.2 75.4 190.8 251.9 333.6 27

28 Credit market instruments 255.8 294.4 223.9 307.1 207.7 128.8 -84.8 -9.3 8.5 143.7 28

29 Commercial paper 14.6 -9.3 1.6 11.9 21.4 9.7 -18.4 8.6 10.0 21.4 29

30 Municipal securities 22.6 -9.9 -0.9 0.2 -0.9 -0.3 -1.2 4.3 6.6 6.8 30

31 Corporate bonds 83.2 127.1 78.8 103.1 73.8 47.1 78.8 67.6 75.2 23.3 31

32 Bank loans n.e.c. 33.7 57.3 12.6 42.1 37.8 6.9 -37.5 -16.5 -3.3 61.7 32

33 Other loans and advances 25.5 46.4 38.6 49.0 49.5 49.4 -66.1 -5.3 -29.5 35.0 33

34 Mortgages 76.2 82.8 93.2 100.8 26.1 16.1 -40.5 -68.0 -50.4 -4.5 34

35 Corporate equities -84.5 -85.0 -75.5 -129.5 -124.2 -63.0 18.3 27.0 21.3 -44.9 35

36 Trade payables 41.2 -4.1 49.4 61.2 24.1 28.3 22.0 39.7 38.0 84.8 36

37 Taxes payable 0.3 5.4 5.7 -0.6 -1.4 0.6 -8.9 7.1 3.6 1.0 37

38 Miscellaneous liabilities 271.3 59.3 128.0 319.1 318.0 80.6 91.9 85.4 130.5 97.5 38

39 Proprietors’ net investment -15.5 -8.4 -26.3 -33.3 -30.3 31.9 37.0 40.9 50.0 51.5 39

40 Discrepancy 168.3 48.7 59.8 128.4 158.3 50.2 9.9 37.0 -103.8 -29.2 40

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 1985-1994, December 9, 2010 11

F.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Profits before tax (book) 173.8 148.8 212.7 263.2 241.9 242.2 226.1 257.4 307.5 391.5 1

 2 - Taxes on corporate income 70.9 75.9 93.9 103.6 100.7 98.0 88.2 94.0 107.5 131.9 2

 3 - Net dividends 71.6 72.4 76.0 81.3 104.7 117.5 124.7 133.1 148.4 157.0 3

 4 + Capital consumption allowance (1) 318.0 318.6 330.7 347.4 358.7 365.4 373.8 382.1 398.6 430.1 4

 5 = U.S. internal funds, book 349.3 319.2 373.5 425.7 395.2 392.1 386.9 412.4 450.1 532.7 5

 6 + Foreign earnings retained abroad 24.3 19.9 28.7 22.8 31.7 45.0 46.0 39.5 48.5 33.9 6

 7 + Inventory valuation adjustment (IVA) 0.0 7.1 -16.2 -22.2 -16.3 -12.9 4.9 -2.8 -4.0 -12.4 7

 8 - Net capital transfers paid (2) -0.0 0.0 0.0 0.0 -1.2 0.0 0.0 -7.0 -0.6 -3.3 8

 9 = Total internal funds + IVA 373.6 346.1 385.9 426.3 411.7 424.3 437.8 456.1 495.2 557.4 9

10 Gross investment 205.3 297.4 326.1 297.9 253.5 374.1 427.9 419.0 599.0 586.6 10

11 Capital expenditures 372.2 356.1 371.3 391.3 419.6 433.3 412.3 435.0 484.7 555.0 11

12 Fixed investment (3) 356.4 346.3 339.9 363.2 393.7 422.4 413.2 427.2 460.8 507.6 12

13 Inventory change + IVA 15.3 7.6 31.9 28.8 26.3 11.6 0.8 9.6 25.6 49.2 13

14 Nonproduced nonfinancial assets 0.6 2.2 -0.5 -0.8 -0.4 -0.7 -1.8 -1.8 -1.8 -1.8 14

15 Net lending (+) or net borrowing (-) -167.0 -58.7 -45.2 -93.4 -166.1 -59.2 15.7 -16.0 114.3 31.6 15

16 Net acquisition of financial assets 212.7 131.4 228.7 350.3 181.2 124.4 82.7 145.4 332.3 273.2 16

17 Foreign deposits 2.7 3.2 -2.9 5.3 -6.8 0.0 1.7 -0.6 -1.3 1.2 17

18 Checkable deposits and currency 23.0 1.5 9.5 14.0 9.1 6.1 6.9 -4.3 20.5 11.7 18

19 Time and savings deposits 0.2 16.2 0.4 -3.7 -1.7 -6.0 3.0 -1.6 16.0 4.4 19

20 Money market fund shares -1.5 0.4 0.9 -5.5 0.0 9.3 4.5 13.5 -3.7 3.2 20

21 Security RPs -0.5 1.7 -1.7 1.6 -2.2 -0.6 -0.5 3.4 -2.6 -0.3 21

22 Credit market instruments 16.9 -5.6 -0.8 19.0 32.2 -26.1 30.7 27.8 22.9 17.7 22

23 Commercial paper 0.7 -0.3 4.8 -1.3 0.6 -0.5 0.9 2.3 2.4 -0.6 23

24 Treasury securities 4.6 -0.8 -8.5 -3.9 23.5 -13.8 5.8 17.2 -11.8 2.0 24

25 Agency- and GSE-backed securities -1.3 -1.7 0.3 3.4 3.1 -5.9 1.8 3.5 10.5 0.8 25

26 Municipal securities 3.1 -0.5 -5.7 -2.6 15.6 -7.7 20.1 1.0 8.9 2.0 26

27 Mortgages 5.6 -6.9 1.4 16.6 -13.7 -1.6 6.2 1.1 -7.8 4.1 27

28 Consumer credit 4.1 4.5 7.0 6.7 3.1 3.3 -4.2 2.8 20.6 9.4 28

29 Mutual fund shares 3.7 3.8 -2.7 -2.7 -1.4 -1.0 2.4 5.0 6.8 2.1 29

30 Trade receivables 45.2 2.1 63.9 90.6 42.1 29.2 -5.8 27.6 37.0 71.9 30

31 Miscellaneous assets 123.1 108.1 162.1 231.8 110.0 113.6 39.9 74.6 236.7 161.4 31

32 U.S. direct investment abroad (4) 14.3 19.0 29.7 11.8 26.1 35.6 38.1 40.0 57.9 78.5 32

33 Insurance receivables 4.2 18.8 23.4 15.0 14.2 13.2 2.1 13.5 6.6 5.7 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. 4.7 2.1 -6.2 -3.0 0.4 5.5 2.1 2.0 -5.2 2.2 35

36 Other 99.9 68.2 115.2 208.0 69.3 59.2 -2.4 19.1 177.3 75.0 36

37 Net increase in liabilities 379.7 190.0 273.9 443.7 347.4 183.5 67.1 161.3 217.9 241.6 37

38 Net funds raised in markets 98.3 138.2 90.6 92.6 35.9 71.9 -34.9 50.0 50.7 83.3 38

39 Net new equity issues -84.5 -85.0 -75.5 -129.5 -124.2 -63.0 18.3 27.0 21.3 -44.9 39

40 Credit market instruments 182.8 223.2 166.1 222.1 160.1 134.9 -53.1 23.0 29.4 128.2 40

41 Commercial paper 14.6 -9.3 1.6 11.9 21.4 9.7 -18.4 8.6 10.0 21.4 41

42 Municipal securities (5) 22.6 -9.9 -0.9 0.2 -0.9 -0.3 -1.2 4.3 6.6 6.8 42

43 Corporate bonds (4) 83.2 127.1 78.8 103.1 73.8 47.1 78.8 67.6 75.2 23.3 43

44 Bank loans n.e.c. 31.9 57.0 4.0 32.8 24.9 2.7 -37.8 -19.3 -8.0 46.1 44

45 Other loans and advances (6) 23.4 42.2 36.4 48.4 46.1 55.1 -61.3 -0.1 -25.9 31.0 45

46 Mortgages 7.1 16.1 46.2 25.7 -5.3 20.7 -13.3 -38.1 -28.5 -0.4 46

47 Trade payables 43.0 -1.7 44.4 53.7 21.8 28.4 23.1 33.4 36.4 77.3 47

48 Taxes payable -3.2 3.8 5.1 -3.5 -6.1 0.0 -9.4 6.5 5.4 -0.4 48

49 Miscellaneous liabilities 241.5 49.7 133.9 300.9 295.7 83.2 88.3 71.5 125.4 81.4 49

50 Foreign direct investment in U.S. 17.5 31.9 52.5 69.8 62.4 59.1 -1.3 6.7 20.3 46.1 50

51 Pension fund contributions payable 5.8 0.0 1.5 -1.2 7.3 6.1 12.1 9.9 12.3 11.7 51

52 Other 218.2 17.8 79.9 232.3 226.1 18.0 77.5 54.8 92.8 23.6 52

53 Discrepancy 168.3 48.7 59.8 128.4 158.3 50.2 9.9 37.0 -103.8 -29.2 53

 Memo:

54 Financing gap (7) 23.0 29.9 14.1 -12.3 40.7 54.0 20.4 25.4 38.6 34.7 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, 1985-1994, December 9, 2010

F.103 Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net income with IVA and CCAdj 258.0 268.3 292.3 333.3 343.0 361.0 374.9 428.1 482.4 524.9 1

 2 Gross saving = capital consumption 60.9 66.3 65.1 69.9 74.2 77.0 78.5 79.1 81.3 84.2 2

 3 Gross saving less net capital transfers paid (1) 60.9 66.3 65.1 69.9 74.5 77.0 78.7 80.9 81.6 88.3 3

 4 Gross investment 60.9 66.3 65.1 69.9 74.5 77.0 78.7 80.9 81.6 88.3 4

 5 Capital expenditures 117.1 122.0 116.5 115.8 116.3 98.6 83.8 82.8 96.4 105.3 5

 6 Fixed investment (2) 116.3 121.6 114.8 114.3 114.9 98.0 83.7 82.3 95.0 102.7 6

 7 Change in inventories 0.8 0.4 1.7 1.5 1.4 0.6 0.0 0.5 1.3 2.6 7

 8 Net lending (+) or net borrowing (-) -56.2 -55.8 -51.4 -46.0 -41.8 -21.6 -5.1 -1.9 -14.7 -16.9 8

 9 Net acquisition of financial assets 30.7 25.0 -6.0 50.3 7.3 0.4 6.1 24.4 24.7 61.5 9

10 Checkable deposits and currency 11.5 2.2 0.7 4.3 0.9 1.8 1.5 4.6 2.3 12.0 10

11 Time and savings deposits 5.5 1.7 -1.9 6.6 1.4 2.7 2.2 7.0 3.4 3.6 11

12 Money market mutual funds 0.0 0.1 -0.1 2.2 0.5 0.9 0.7 2.3 1.1 4.2 12

13 Treasury securities 0.3 2.0 -1.0 0.5 1.6 0.6 -0.3 0.7 0.6 4.7 13

14 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.1 14

15 Mortgages 4.7 0.7 -6.8 9.9 -12.7 -4.1 -5.0 -0.9 -3.3 2.0 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 4.5 8.0 1.4 12.0 6.8 2.7 -1.1 7.1 4.9 16.3 17

18 Miscellaneous assets 4.2 10.2 1.7 14.7 8.8 -4.1 8.1 3.5 14.2 18.6 18

19 Insurance receivables 4.8 5.4 -5.9 0.0 4.3 -4.8 3.8 -2.5 0.8 1.4 19

20 Equity investment in GSEs (3) -0.0 -0.1 -0.0 0.0 0.1 -0.1 0.0 -0.0 0.2 0.2 20

21 Other -0.5 4.9 7.6 14.6 4.4 0.8 4.2 6.0 13.2 17.0 21

22 Net increase in liabilities 86.9 80.7 45.4 96.2 49.0 22.0 11.2 26.3 39.5 78.4 22

23 Credit market instruments 99.2 88.0 70.3 95.4 46.6 -7.6 -33.2 -32.6 -22.7 11.9 23

24 Bank loans n.e.c. 6.2 4.6 10.7 8.6 11.9 2.1 -1.4 2.7 2.5 13.8 24

25 Other loans and advances 5.7 6.7 4.2 6.8 1.3 -6.1 -4.8 -5.0 -2.8 3.8 25

26 Mortgages 87.4 76.7 55.3 80.0 33.4 -3.5 -27.0 -30.3 -22.4 -5.6 26

27 Trade payables 5.4 1.7 5.4 2.4 5.5 1.3 -0.3 6.9 0.7 6.5 27

28 Taxes payable 3.4 1.7 0.6 2.9 4.7 0.6 0.5 0.6 -1.7 1.4 28

29 Miscellaneous liabilities 29.8 9.6 -5.8 18.2 22.2 -2.6 3.6 14.0 5.1 16.1 29

30 Proprietors’ net investment -51.0 -20.2 -25.0 -22.8 -29.9 30.4 40.6 37.4 58.2 42.5 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 21.0 22.8 28.9 26.8 33.0 32.2 27.5 35.8 32.0 35.6 1

 2 Net saving (corporate) -0.3 0.5 0.6 0.2 0.2 -0.1 -0.6 -0.3 0.2 -0.3 2

 3 Consumption of fixed capital 18.2 17.8 17.4 17.3 17.6 18.0 18.3 18.2 18.2 18.7 3

 4 Corporate 1.5 1.5 1.5 1.5 1.6 1.6 1.7 1.8 1.8 2.0 4

 5 Noncorporate 16.7 16.3 15.9 15.8 16.0 16.3 16.5 16.4 16.4 16.7 5

 6 Gross saving 17.8 18.3 18.0 17.5 17.9 17.8 17.7 17.9 18.5 18.4 6

 7 Gross investment 17.8 18.3 18.0 17.5 17.9 17.8 17.7 17.9 18.5 18.4 7

 8 Capital expenditures 16.3 8.1 3.2 0.8 14.5 17.9 12.6 18.6 9.7 30.7 8

 9 Fixed investment (2) 10.6 9.5 9.6 12.6 14.5 15.5 13.8 12.3 15.9 18.7 9

10 Change in inventories 5.8 -1.5 -6.4 -11.9 -0.0 2.4 -1.3 6.3 -6.2 12.0 10

11 Net lending (+) or net borrowing (-) 1.5 10.2 14.8 16.7 3.4 -0.0 5.1 -0.7 8.7 -12.3 11

12 Net acquisition of financial assets 3.5 1.2 0.7 0.8 0.9 1.5 2.2 2.5 3.3 1.3 12

13 Checkable deposits and currency 3.0 0.4 0.2 0.3 0.3 0.5 0.8 0.9 1.1 0.4 13

14 Miscellaneous assets 0.5 0.8 0.4 0.5 0.6 1.0 1.5 1.7 2.2 0.8 14

15 Insurance receivables 0.8 1.4 0.9 0.4 1.4 1.2 1.3 1.7 2.0 0.8 15

16 Equity investment in GSEs (3) -0.3 -0.6 -0.5 0.1 -0.9 -0.2 0.2 -0.1 0.1 0.0 16

17 Net increase in liabilities 2.0 -9.0 -14.1 -16.0 -2.5 1.6 -2.9 3.2 -5.5 13.6 17

18 Credit market instruments -26.3 -16.8 -12.5 -10.4 1.0 1.5 1.5 0.3 1.9 3.5 18

19 Bank loans n.e.c. -4.4 -4.3 -2.2 0.8 1.0 2.1 1.7 0.1 2.1 1.9 19

20 Other loans and advances -3.5 -2.5 -2.0 -6.2 2.1 0.5 0.0 -0.2 -0.8 0.2 20

21 Mortgages -18.3 -10.0 -8.3 -5.0 -2.1 -1.1 -0.2 0.4 0.6 1.5 21

22 Trade payables -7.2 -4.1 -0.3 5.1 -3.2 -1.4 -0.8 -0.6 0.9 1.1 22

23 Proprietors’ net investment 35.5 11.8 -1.3 -10.6 -0.4 1.5 -3.6 3.5 -8.2 9.0 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, 1985-1994, December 9, 2010 13

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Current receipts, NIPA basis 521.1 561.6 590.6 635.5 687.5 738.0 789.4 846.2 888.2 944.8 1

 2 Personal current taxes 81.4 87.2 96.6 102.1 114.6 122.6 125.3 135.3 141.1 148.0 2

 3 Taxes on production and imports 262.1 279.7 301.6 324.6 349.1 374.1 395.3 420.1 436.8 466.3 3

 4 Taxes on corporate income 20.2 22.7 23.9 26.0 24.2 22.5 23.6 24.4 26.9 30.0 4

 5 Contributions for govt. social insurance 4.9 6.0 7.2 8.4 9.0 10.0 11.6 13.1 14.1 14.5 5

 6 Income receipts on assets 54.8 58.4 58.2 60.5 65.7 68.5 68.0 64.8 61.3 63.3 6

 7 Current transfer receipts 94.5 105.0 100.0 109.0 118.1 133.5 158.2 180.3 198.1 212.3 7

 8 Current surplus of government enterprises 3.2 2.8 3.1 4.8 6.7 6.9 7.3 8.3 9.9 10.5 8

 9 Current expenditures, NIPA basis 498.7 540.9 578.6 618.3 667.4 731.8 795.2 847.6 889.1 936.6 9

10 Consumption expenditures 381.8 418.1 441.4 471.0 504.5 547.0 577.5 606.2 634.2 668.2 10

11 Govt. social benefit payments to persons 77.3 84.3 90.7 98.5 109.3 127.7 156.5 180.0 195.2 206.7 11

12 Interest payments 39.4 38.2 46.2 48.4 53.2 56.8 60.8 61.0 59.4 61.4 12

13 Subsidies 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.3 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 22.4 20.7 12.0 17.2 20.1 6.2 -5.8 -1.4 -0.9 8.2 15

16 + Consumption of fixed capital 44.6 47.8 51.4 54.8 58.5 63.0 66.9 69.9 73.8 78.1 16

17 - Net capital transfers paid (2) -22.0 -23.0 -22.3 -23.1 -23.4 -25.0 -25.8 -26.9 -28.2 -29.9 17

18 = Gross saving less net capital transfers paid 89.0 91.6 85.7 95.1 102.1 94.2 86.9 95.4 101.1 116.3 18

19 Gross investment 94.6 98.0 86.8 93.2 130.4 122.4 93.0 116.0 87.1 186.2 19

20 Fixed investment 84.4 92.8 98.4 106.3 114.7 127.2 132.1 134.3 135.7 143.0 20

21 Nonproduced nonfinancial assets 3.1 3.7 4.2 4.3 4.9 5.7 5.8 5.9 5.9 6.2 21

22 Net lending (+) or net borrowing (-) 7.1 1.5 -15.8 -17.4 10.8 -10.6 -44.9 -24.2 -54.5 37.0 22

23 Net acq. of financial assets 179.4 85.5 84.8 43.9 70.0 49.4 59.9 6.7 18.5 7.4 23

24 Checkable deposits and currency 1.1 2.5 -0.7 3.0 0.4 -1.3 6.5 1.2 2.0 1.8 24

25 Time and savings deposits 7.0 2.4 7.1 -2.0 -2.8 -3.0 -11.1 -6.1 -1.5 6.5 25

26 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 4.1 26

27 Security RPs 21.0 4.8 11.9 -1.0 16.1 5.7 6.7 4.6 10.7 -15.1 27

28 Credit market instruments 136.6 70.2 57.8 34.9 45.5 39.3 47.2 1.7 32.6 -55.0 28

29 Open market paper 0.0 0.0 0.2 0.5 0.9 2.4 5.0 5.2 3.7 4.4 29

30 Treasury securities 92.7 57.1 41.9 6.6 4.8 41.5 25.0 -17.4 29.6 -77.8 30

31 Agency- and GSE-backed securities 30.5 -1.4 5.2 22.8 30.9 -11.6 11.7 12.2 0.1 11.6 31

32 Municipal securities 0.6 0.8 -0.2 0.1 0.5 0.8 0.0 -1.1 -1.0 -0.9 32

33 Corporate and foreign bonds 3.0 2.0 2.0 1.0 2.0 1.0 2.0 2.9 5.6 5.4 33

34 Mortgages 9.8 11.8 8.7 4.0 6.3 5.3 3.5 -0.0 -5.4 2.2 34

35 Corporate equities 0.0 0.2 0.5 0.9 1.1 1.8 0.0 1.0 0.8 1.5 35

36 Mutual fund shares 0.0 0.0 0.0 0.1 1.4 3.5 2.8 4.6 5.1 8.2 36

37 Trade receivables 3.8 0.9 3.8 4.8 3.5 2.4 2.4 3.1 3.6 5.4 37

38 Taxes receivable 4.0 2.7 0.5 3.6 3.5 -0.5 1.8 -0.1 -2.2 1.4 38

39 Miscellaneous assets 6.0 1.7 3.9 -0.5 1.4 1.5 3.6 -3.3 -34.3 48.6 39

40 Net increase in liabilities 172.3 84.0 100.6 61.3 59.2 60.0 104.8 30.9 73.0 -29.5 40

41 Credit market instruments 163.6 74.2 90.4 50.4 47.4 47.1 91.2 16.5 57.9 -45.5 41

42 Municipal securities 155.4 72.8 92.8 53.7 47.6 46.2 90.8 16.6 58.7 -45.9 42

43 Short-term 2.2 -0.1 -0.8 2.0 3.3 2.9 6.9 -1.1 1.8 -2.2 43

44 Other 153.2 72.9 93.6 51.7 44.3 43.2 83.9 17.7 56.9 -43.8 44

45 U.S. government loans 8.2 1.4 -2.4 -3.3 -0.2 0.9 0.4 -0.1 -0.7 0.4 45

46 Trade payables 8.7 9.8 10.2 10.9 11.8 12.9 13.7 14.4 15.1 16.0 46

47 Discrepancy -5.6 -6.4 -1.0 1.9 -28.3 -28.2 -6.1 -20.7 14.0 -70.0 47

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

(2) Table F.9, line 61.
14 FFA, 1985-1994, December 9, 2010

F.106 Federal Government

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Current receipts, NIPA basis 774.4 816.0 896.5 958.5 1038.0 1082.8 1101.9 1148.0 1224.1 1322.1 1

 2 Personal current taxes 336.0 350.0 392.5 402.8 451.5 470.1 461.3 475.2 505.5 542.5 2

 3 Taxes on production and imports 46.1 43.7 45.9 49.8 49.7 50.9 61.8 63.3 66.4 79.0 3

 4 Taxes on corporate income 76.3 83.8 103.2 111.1 117.2 118.1 109.9 118.8 138.5 156.7 4

 5 Taxes from the rest of the world 1.9 1.7 2.0 2.4 2.7 3.0 2.6 2.6 2.7 3.1 5

 6 Contributions for govt. social insurance 277.9 298.9 317.4 354.8 378.0 402.0 420.6 444.0 465.5 496.2 6

 7 Income receipts on assets 29.1 31.3 27.5 29.4 28.0 29.6 29.1 24.8 25.5 22.7 7

 8 Current transfer receipts 9.7 8.5 11.0 10.5 12.7 14.2 18.2 19.4 21.3 22.8 8

 9 Current surplus of government enterprises -2.6 -1.9 -3.0 -2.3 -1.7 -5.3 -1.6 -0.0 -1.3 -0.9 9

10 Current expenditures, NIPA basis 953.0 1010.7 1045.9 1096.9 1172.0 1259.2 1320.3 1450.5 1504.3 1542.5 10

11 Consumption expenditures 338.3 358.0 373.7 381.7 398.5 419.0 438.3 444.1 441.2 440.7 11

12 Government social benefits 329.4 348.1 360.9 381.9 415.2 451.2 498.0 555.7 587.7 613.3 12

13 Other current transfer payments 94.6 101.8 96.6 104.8 111.9 125.0 106.0 169.7 185.7 195.0 13

14 Interest payments 169.4 178.2 184.6 199.3 219.3 237.5 250.9 251.3 253.4 261.3 14

15 Subsidies 21.0 24.6 30.0 29.2 27.1 26.6 27.1 29.7 36.3 32.2 15

16 - Wage accruals less disbursements -0.2 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 0.0 0.0 16

17 Net federal government saving, NIPA basis -178.6 -194.6 -149.3 -138.4 -133.9 -176.4 -218.4 -302.5 -280.2 -220.4 17

18 + Consumption of fixed capital 48.0 51.6 55.2 59.1 63.3 67.7 72.0 74.6 77.8 80.1 18

19 - Insurance and pension reserves (1) 2.2 3.0 1.8 2.1 2.1 1.8 2.4 2.4 1.7 1.6 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 1.4 1.5 1.5 1.7 1.7 2.0 2.1 2.1 2.2 2.5 20

21 - Net capital transfers paid (2) 13.2 13.1 11.9 12.1 11.3 16.6 15.5 11.3 11.4 10.9 21

22 = Gross saving less net capital transfers paid -147.4 -160.6 -109.4 -95.3 -85.7 -129.1 -166.4 -243.7 -217.7 -155.3 22

23 Gross investment -173.3 -181.7 -106.5 -132.5 -119.0 -106.5 -178.3 -274.4 -227.9 -158.1 23

24 Fixed investment 74.4 80.4 85.8 79.8 83.0 88.5 88.2 88.8 83.8 77.9 24

25 Nonproduced nonfinancial assets -1.1 -3.0 -0.4 -0.1 -0.7 -0.7 0.2 0.2 0.2 0.2 25

26 Net lending (+) or net borrowing (-) -246.6 -259.1 -191.9 -212.2 -201.3 -194.3 -266.7 -363.4 -311.9 -236.1 26

27 Net acq. of financial assets 31.8 6.0 -18.0 -5.0 9.6 66.7 59.9 -22.9 -13.2 -37.0 27

28 U.S. official reserve assets 1.9 -0.7 -5.4 1.4 12.7 0.8 -2.6 -1.7 1.0 -2.7 28

29 Checkable deposits and currency 13.0 0.4 -8.1 9.0 -14.2 4.8 27.4 -16.9 20.7 -21.7 29

30 Time and savings deposits 0.0 0.2 0.2 -0.2 -0.1 0.1 0.1 -0.7 -0.1 -0.1 30

31 Credit market instruments 17.8 9.7 -7.9 -9.5 -3.0 33.6 10.5 -11.9 -25.6 -5.6 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 15.9 9.2 -2.6 -8.4 -2.3 -1.9 -4.9 -0.0 -10.5 1.9 34

35 Mortgages 1.8 0.5 -5.3 -1.1 -0.7 35.6 15.4 -11.9 -15.4 -14.0 35

36 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 6.5 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 3.7 -2.3 8.0 0.1 3.2 -1.7 -4.6 -6.7 -2.4 -3.8 38

39 Taxes receivable -6.0 -1.7 -6.2 -6.8 -4.3 -5.2 -7.0 -0.4 -3.1 -6.3 39

40 Miscellaneous assets 1.4 0.5 1.3 1.0 15.4 34.3 36.1 15.4 -3.8 3.2 40

41 Net increase in liabilities 278.4 265.1 173.9 207.2 210.9 261.0 326.6 340.5 298.7 199.1 41

42 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 SDR certificates 0.1 0.3 0.0 0.0 3.5 1.5 0.0 -2.0 0.0 0.0 43

44 Treasury currency 0.4 0.5 0.5 0.5 0.6 1.0 0.0 0.2 0.4 0.7 44

45 Credit market instruments 225.7 216.0 143.9 155.1 146.4 246.9 278.2 304.0 256.1 155.9 45

46 Savings bonds 5.3 13.6 7.8 8.5 8.2 8.5 11.9 19.1 14.7 8.0 46

47 Other Treasury securities 220.5 202.1 134.6 129.2 136.6 230.3 280.1 284.6 233.7 147.7 47

48 Budget agency securities -0.0 0.4 1.5 17.4 1.6 8.2 -13.8 0.2 7.8 0.2 48

49 Multifamily residential mortgages -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.0 49

50 Trade payables 10.6 14.6 7.5 8.0 8.6 -5.8 -5.5 -2.8 3.0 -0.2 50

51 Insurance reserves 1.1 1.0 1.2 1.2 1.2 1.2 1.2 1.4 1.4 1.3 51

52 Miscellaneous liabilities (5) 40.5 32.7 20.9 42.4 50.7 16.3 52.7 39.7 37.8 41.5 52

53 Nonmarketable securities held by pension plans 39.9 29.6 30.3 32.8 34.6 33.4 38.4 39.8 37.1 37.6 53

54 Other 0.6 3.2 -9.4 9.6 16.2 -17.1 14.3 -0.1 0.7 3.9 54

55 Discrepancy 25.9 21.1 -2.9 37.2 33.3 -22.5 11.9 30.7 10.2 2.8 55

 Memo:

56 Change in cash balance (6) 14.4 -0.0 -7.9 10.4 -5.9 8.3 14.5 -16.9 19.2 -26.7 56

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

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

(3) Student loans.

(4) Corporate equities purchased from financial businesses under the Troubled 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, 1985-1994, December 9, 2010 15

F.107 Rest of the World

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Foreign income from U.S. 528.8 574.0 640.7 711.2 772.7 815.5 756.9 832.4 889.4 1019.5 1

 2 U.S. imports 417.2 452.9 508.7 554.0 591.0 629.7 623.5 667.8 720.0 813.4 2

 3 U.S. income payments to rest of world 85.9 93.4 105.2 128.3 151.2 154.1 138.2 122.7 124.0 160.0 3

 4 Current taxes and trans. payments to rest of world 25.7 27.8 26.8 29.0 30.4 31.7 -4.9 41.9 45.4 46.1 4

 5 Foreign outlays to U.S. 414.5 431.3 486.6 595.5 680.3 740.6 764.7 786.8 810.8 904.8 5

 6 U.S. exports 302.0 320.3 363.8 443.9 503.1 552.1 596.6 635.0 655.6 720.7 6

 7 U.S. income receipts from rest of world 112.4 111.0 122.8 151.6 177.2 188.5 168.1 151.8 155.2 184.1 7

 8 - Net capital transfers paid (1) -0.1 -0.1 -0.1 -0.1 -0.3 -7.4 -5.3 1.3 -0.8 -1.2 8

 9 Gross saving less net capital transfers paid (2) 114.5 142.8 154.2 115.9 92.7 82.3 -2.6 44.3 79.4 116.0 9

10 Gross investment 99.5 116.6 167.8 138.3 47.2 50.9 38.7 95.4 78.4 123.1 10

11 Nonproduced nonfinancial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 11

12 Net lending (+) or net borrowing (-) 99.5 116.6 167.8 138.3 47.2 50.9 38.7 95.4 78.5 123.1 12

13 Net acquisition of financial assets 123.4 168.9 213.6 188.7 193.9 156.2 90.4 206.5 318.4 297.3 13

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

15 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Net interbank assets 16.6 15.7 54.7 5.9 -7.2 25.6 -19.9 50.3 45.6 92.7 16

17 U.S. checkable deposits and currency 4.8 5.1 2.5 3.6 3.9 16.3 11.4 12.6 16.4 22.4 17

18 U.S. time deposits 3.2 -2.5 0.9 3.4 4.7 -0.7 -0.2 -4.1 6.8 1.5 18

19 Money market fund shares 0.0 0.0 0.0 0.0 0.4 0.8 0.8 0.8 0.8 0.8 19

20 Security RPs (net) 0.8 3.4 2.2 -0.1 10.1 -3.4 1.2 20.9 16.9 -12.0 20

21 Credit market instruments 67.4 105.7 60.9 108.3 82.9 87.3 15.5 97.2 129.3 132.3 21

22 Open market paper -0.2 -0.1 1.0 2.8 2.4 -2.0 0.6 1.6 5.9 6.0 22

23 Treasury securities 19.6 38.2 35.6 62.0 29.8 27.0 33.7 55.6 73.3 65.0 23

24 Official -0.8 34.4 43.2 41.7 0.1 29.6 14.8 18.5 49.0 30.8 24

25 Private 20.4 3.8 -7.6 20.2 29.6 -2.5 18.8 37.1 24.4 34.3 25

26 Agency- and GSE-backed securities 4.3 7.0 5.0 6.7 15.1 6.3 10.2 18.3 35.4 21.7 26

27 Official -0.3 -1.2 1.6 1.3 1.4 0.7 1.3 3.9 4.1 6.1 27

28 Private 4.6 8.2 3.5 5.4 13.7 5.6 8.9 14.3 31.3 15.6 28

29 Municipal securities 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 29

30 U.S. corporate bonds (4) 36.1 38.9 18.6 14.7 13.1 5.8 18.2 16.6 30.2 37.8 30

31 Loans to U.S. corporate business 7.4 21.6 0.5 21.9 22.4 50.1 -47.3 4.9 -15.8 1.6 31

32 U.S. corporate equities 4.4 17.9 15.0 -2.9 8.6 -16.7 3.8 -17.5 10.4 -11.5 32

33 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 5.9 11.1 9.8 11.6 33

34 Trade receivables 0.2 1.4 0.1 2.1 2.6 6.3 -1.8 1.7 1.0 1.5 34

35 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Miscellaneous assets 25.9 22.2 77.3 68.3 87.9 40.7 73.8 33.6 81.5 57.9 36

37 Foreign direct investment in U.S. (5) 19.7 35.4 58.5 57.7 68.3 48.5 23.2 19.8 51.4 46.1 37

38 Other 6.2 -13.3 18.8 10.6 19.6 -7.8 50.6 13.7 30.1 11.8 38

39 Net increase in liabilities 23.9 52.3 45.8 50.4 146.7 105.3 51.7 111.1 239.9 174.2 39

40 U.S. official reserve assets 3.9 -0.3 -9.1 3.9 25.3 2.2 -5.8 -3.9 1.4 -5.3 40

41 U.S. private deposits 7.1 27.6 8.6 14.7 29.1 27.9 -26.5 -3.4 -18.5 52.9 41

42 Credit market instruments 1.2 9.7 6.3 7.4 10.2 23.9 15.1 24.1 69.8 -11.2 42

43 Commercial paper 6.2 11.5 3.8 8.7 13.1 12.3 6.8 5.6 -9.6 -26.1 43

44 Bonds 3.8 3.1 7.4 6.9 4.9 21.4 15.0 16.8 82.9 14.9 44

45 Bank loans n.e.c. -2.8 -1.0 -3.6 -1.8 -0.1 -2.9 3.1 2.3 0.7 1.4 45

46 Official -1.4 -0.0 -0.9 -0.5 -1.4 -0.5 -0.4 1.0 -1.0 -0.2 46

47 Banks -1.3 1.0 -2.9 0.0 0.7 -2.7 1.0 0.7 1.2 0.0 47

48 Other -0.1 -2.1 0.2 -1.3 0.5 0.4 2.5 0.6 0.5 1.6 48

49 U.S. government loans 1.4 1.5 -2.3 -4.0 -2.3 -3.8 -5.4 0.2 -1.1 -1.1 49

50 Acceptance liabilities to banks -7.4 -5.4 1.0 -2.4 -5.3 -3.2 -4.4 -0.7 -3.1 -0.3 50

51 Foreign corporate equities (6) 3.7 1.2 -2.1 1.1 17.2 7.4 30.7 32.4 63.4 48.1 51

52 Trade payables -0.2 -0.8 2.5 7.7 2.8 -1.2 3.1 1.4 4.1 3.6 52

53 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Miscellaneous liabilities 8.3 14.9 39.7 15.6 62.1 45.1 35.1 60.5 119.8 86.1 54

55 U.S. equity in IBRD, etc. 1.5 1.5 1.2 1.3 1.2 1.3 1.5 1.4 1.1 1.4 55

56 Nonofficial foreign currencies -0.1 -1.0 0.1 -0.3 -0.1 0.1 1.0 0.1 0.3 0.1 56

57 U.S. direct investment abroad (4,5) 14.8 19.1 31.2 16.1 38.8 32.8 39.1 44.5 84.0 80.2 57

58 Other -8.0 -4.7 7.1 -1.5 22.2 10.9 -6.5 14.6 34.4 4.4 58

59 Discrepancy (FOF basis) (7) 15.0 26.2 -13.6 -22.4 45.5 31.4 -41.3 -51.1 0.9 -7.1 59

 Memo:

60 Net U.S. exports, NIPA basis -115.2 -132.5 -144.9 -110.1 -87.9 -77.6 -27.0 -32.8 -64.4 -92.7 60

61 + Net U.S. income receipts (8) 26.5 17.6 17.7 23.4 25.9 34.4 29.9 29.1 31.2 24.1 61

62 - Current taxes and trans. payments to rest of world 25.7 27.8 26.8 29.0 30.4 31.7 -4.9 41.9 45.4 46.1 62

63 = Balance on current account, NIPAs -114.3 -142.7 -154.1 -115.7 -92.4 -74.9 7.9 -45.6 -78.6 -114.7 63

(1) Table F.9, line 63.

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

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

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

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

(6) Includes American Depositary Receipts (ADRs).

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

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
16 FFA, 1985-1994, December 9, 2010

F.108 Monetary Authority (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving -1.4 -2.3 -2.0 0.3 -1.4 -2.2 -0.5 1.1 0.3 -2.2 1

 2 Fixed nonresidential investment 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.7 0.9 2

 3 Net acquisition of financial assets 24.9 31.9 10.8 18.5 10.4 27.6 22.3 17.1 42.1 28.2 3

 4 U.S. official reserve assets 2.0 0.4 -3.8 2.5 12.6 1.3 -3.2 -2.2 0.4 -2.6 4

 5 SDR certificates 0.1 0.3 0.0 0.0 3.5 1.5 0.0 -2.0 0.0 0.0 5

 6 Treasury currency 0.6 0.5 0.6 0.6 0.8 0.8 0.6 0.4 0.6 0.9 6

 7 Federal Reserve float 0.1 0.3 -0.5 0.5 -0.2 1.1 -1.5 2.5 -2.3 -1.6 7

 8 Federal Reserve loans to domestic banks -0.5 -1.5 2.3 -1.6 -1.7 -0.3 0.0 0.5 -0.6 0.1 8

 9 Discount window (2) -0.5 -1.5 2.3 -1.6 -1.7 -0.3 0.0 0.5 -0.6 0.1 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 3.2 10.8 -11.0 1.9 -4.7 16.2 -2.5 -7.8 5.1 -2.6 11

12 Credit market instruments 18.4 19.4 21.0 14.2 -7.3 8.1 31.1 27.9 36.2 31.5 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 18.6 19.8 21.3 14.8 -6.9 8.3 31.4 28.5 37.0 32.5 14

15 Agency- and GSE-backed securities -0.2 -0.4 -0.3 -0.6 -0.4 -0.2 -0.3 -0.6 -0.8 -1.0 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 1.0 1.7 2.2 0.4 7.4 -1.2 -2.3 -2.2 2.6 2.6 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 1.0 1.7 2.2 0.4 7.4 -1.2 -2.3 -2.2 2.6 2.6 28

29 Net increase in liabilities 24.8 31.8 10.6 18.4 10.3 27.4 22.1 16.7 41.7 28.0 29

30 Depository institution reserves 6.8 19.5 -6.3 -2.4 -1.0 0.3 -9.2 2.7 2.9 -4.2 30

31 Vault cash of commercial banks 1.3 0.1 -0.8 2.7 1.1 3.9 1.0 -1.7 0.8 5.5 31

32 Checkable deposits and currency 16.6 13.3 16.7 17.6 10.2 24.2 30.7 16.2 37.2 25.8 32

33 Due to federal government 4.1 -1.9 -2.3 3.3 -2.4 2.8 8.8 -10.3 7.2 -7.7 33

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

35 Treasury general deposit account 4.0 -1.8 -2.3 3.3 -2.4 2.7 8.7 -10.2 7.3 -7.6 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 -0.1 -0.1 0.1 0.2 -0.2 0.6 -0.7 0.2 -0.1 37

38 Due to government-sponsored enterprises 0.0 0.9 0.1 -0.5 0.7 -1.1 1.5 -1.4 0.0 0.5 38

39 Currency outside banks 12.4 14.4 19.0 14.8 11.7 22.6 19.8 28.7 29.8 33.1 39

40 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Miscellaneous liabilities 0.1 -1.1 1.0 0.5 -0.0 -1.0 -0.3 -0.4 0.9 0.9 41

42 Federal Reserve Bank stock 0.2 0.1 0.2 0.1 0.1 0.2 0.2 0.4 0.3 0.3 42

43 Other -0.1 -1.2 0.8 0.4 -0.2 -1.2 -0.6 -0.8 0.6 0.6 43

44 Discrepancy -1.8 -2.6 -2.4 0.0 -1.8 -2.6 -1.0 0.4 -0.8 -3.4 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, 1985-1994, December 9, 2010 17

F.109 Commercial Banking (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving less net capital transfers paid 27.2 30.2 35.2 33.4 42.6 26.8 37.5 67.8 49.5 55.1 1

 2 Fixed nonresidential investment 29.0 29.4 30.1 33.1 35.4 30.0 28.4 33.7 29.2 30.0 2

 3 Net acquisition of financial assets 250.0 248.0 169.3 177.8 282.2 103.4 103.8 181.7 237.6 232.2 3

 4 Vault cash 1.3 0.1 -0.8 2.7 1.1 3.9 1.0 -1.7 0.8 5.5 4

 5 Reserves at Federal Reserve 5.9 17.9 -7.2 -2.8 -0.2 1.2 -8.3 2.5 2.5 -3.6 5

 6 Checkable deposits and currency 0.4 -0.1 -0.8 -0.6 -0.4 -0.1 -0.8 -0.5 -0.3 0.4 6

 7 Total bank credit 208.9 197.9 124.6 158.3 183.3 130.1 105.1 115.2 162.6 156.7 7

 8 Open market paper -2.9 -1.1 2.6 -1.2 -0.2 2.8 -2.0 -1.4 -1.9 -1.5 8

 9 Treasury securities 7.9 8.3 -3.3 -9.1 -20.0 6.8 60.4 61.9 27.8 -31.8 9

10 Agency- and GSE-backed securities -1.4 37.6 29.4 30.8 55.2 54.3 50.9 42.8 44.7 5.5 10

11 Municipal securities 57.1 -28.4 -29.1 -22.7 -17.8 -16.4 -14.2 -5.7 1.7 -1.6 11

12 Corporate and foreign bonds 9.2 22.2 24.8 10.9 4.3 4.6 7.6 -1.6 3.5 4.3 12

13 Bank loans n.e.c. 39.6 68.6 1.5 41.2 41.5 5.5 -31.8 -8.9 -7.2 62.8 13

14 Mortgages 49.9 73.5 90.1 82.1 93.8 78.6 31.9 19.2 47.3 64.9 14

15 Consumer credit 38.4 23.0 13.9 26.7 22.5 -1.3 -11.8 -7.3 32.8 63.1 15

16 Security credit 11.0 -5.8 -5.3 -0.5 4.3 -2.0 10.6 16.9 12.7 -5.7 16

17 Corporate equities 0.1 0.0 -0.1 -0.0 -0.1 -2.5 1.7 -0.4 0.9 -1.4 17

18 Mutual fund shares 0.0 0.0 0.0 0.0 -0.1 -0.3 1.8 -0.4 0.5 -1.9 18

19 Customers’ liab. on acceptances (2) -9.5 -5.6 5.4 -2.3 -2.1 -9.8 -10.2 -3.6 -6.4 -2.4 19

20 Miscellaneous assets 42.9 37.8 48.1 22.4 100.4 -21.8 16.9 69.9 78.4 75.5 20

21 Net increase in liabilities 249.4 244.1 177.4 208.7 262.8 101.3 112.2 180.4 231.4 245.6 21

22 Net interbank liabilities 22.3 11.8 50.9 1.7 -10.7 25.0 5.2 48.4 46.8 88.4 22

23 To monetary authority -0.4 -1.2 1.8 -1.2 -1.8 0.8 -1.5 3.0 -2.9 -1.5 23

24 To domestic banks (3) 6.0 -2.7 -5.6 -3.0 -1.6 -1.4 26.6 -4.9 4.2 -2.8 24

25 To foreign banks 16.6 15.7 54.7 5.9 -7.2 25.6 -19.9 50.3 45.6 92.7 25

26 Checkable deposits 54.2 94.5 -19.7 17.1 -3.4 21.7 37.6 92.8 74.1 -31.7 26

27 Federal government 10.3 1.7 -5.8 7.3 -3.4 5.3 5.5 -5.9 12.1 -18.9 27

28 Rest of the world 1.4 2.8 -1.3 -0.6 -0.1 -0.1 -2.0 2.3 -0.4 2.0 28

29 Private domestic 42.6 90.1 -12.6 10.4 0.1 16.5 34.1 96.4 62.4 -14.8 29

30 Small time and savings deposits 81.9 74.4 27.8 73.8 100.8 123.0 78.9 2.7 -12.0 -1.0 30

31 Large time deposits 11.0 1.5 41.4 41.8 28.9 -22.1 -24.0 -66.8 -21.1 21.3 31

32 Federal funds and security RPs (net) 31.2 19.0 10.3 20.9 37.8 -26.0 -20.9 14.0 31.9 68.7 32

33 Credit market instruments 12.4 7.6 21.5 2.0 5.2 -26.8 -13.2 10.0 13.4 20.1 33

34 Open market paper -7.1 -9.1 7.1 -2.9 0.1 -24.0 -20.1 -7.7 -2.5 3.1 34

35 Corporate bonds 18.9 16.1 13.5 5.1 4.7 -4.8 4.2 14.5 7.2 7.7 35

36 Other loans and advances 0.7 0.6 1.0 -0.2 0.4 2.0 2.7 3.2 8.6 9.3 36

37 Corporate equity issues 1.4 1.4 1.5 2.5 1.5 9.0 15.7 20.2 7.3 -3.3 37

38 Taxes payable (net) -0.4 0.1 -2.0 0.2 -1.2 0.1 -1.6 -0.4 -2.9 -1.7 38

39 Miscellaneous liabilities 35.5 33.9 45.8 48.6 103.9 -2.6 34.5 59.7 93.7 84.8 39

40 Discrepancy -2.3 -3.0 13.2 31.2 -12.2 -5.3 17.5 32.8 14.1 38.6 40

 Memo:

41 Credit market funds advanced (4) 188.4 198.1 135.4 156.5 177.2 125.1 80.8 95.3 142.2 163.3 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, 1985-1994, December 9, 2010

F.110 U.S.-Chartered Commercial Banks

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving less net capital transfers paid (1) 10.8 15.1 20.0 14.6 21.6 4.3 14.5 45.4 19.5 16.7 1

 2 Fixed nonresidential investment 12.7 13.2 13.6 15.4 16.4 12.4 12.2 15.6 12.4 12.9 2

 3 Net acquisition of financial assets 192.2 175.9 89.5 127.9 163.2 96.0 33.5 73.6 157.1 153.8 3

 4 Vault cash and reserves at Federal Reserve 6.4 17.4 -7.6 1.0 1.0 5.0 -7.0 1.0 2.9 1.9 4

 5 Total bank credit 183.4 163.8 97.0 129.0 155.2 90.8 46.0 71.9 157.5 140.5 5

 6 Open market paper -3.2 -1.0 1.5 -0.7 -0.6 0.8 -1.0 -1.6 -1.0 -1.3 6

 7 Treasury securities 7.5 5.9 -3.1 -9.4 -20.3 1.7 50.3 46.6 20.6 -27.0 7

 8 Agency- and GSE-backed securities -2.9 36.5 27.9 29.3 54.2 52.8 46.3 38.9 36.2 1.8 8

 9 Mortgage pass-through securities -2.4 25.7 22.3 14.8 36.5 21.5 9.0 1.8 17.6 9.1 9

10 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 23.3 34.6 33.3 11.1 -14.4 10

11 Other -0.4 10.8 5.6 14.4 17.7 8.0 2.7 3.8 7.5 7.1 11

12 Municipal securities 57.2 -28.4 -29.1 -22.7 -17.8 -16.4 -14.1 -5.7 1.9 -2.0 12

13 Corporate and foreign bonds 2.3 18.4 20.7 12.3 2.4 3.6 4.3 -3.2 0.1 -0.6 13

14 Private mortgage pass-through securities -0.0 3.3 0.1 -0.7 0.4 -0.3 0.3 0.3 0.9 -1.1 14

15 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -6.6 -1.8 1.7 15

16 Other 2.3 15.0 20.6 13.0 2.0 3.9 3.6 3.1 1.0 -1.2 16

17 Bank loans n.e.c. 27.8 45.0 -16.2 20.5 25.8 -4.5 -56.2 -19.4 8.8 46.2 17

18 Mortgages 49.6 70.4 84.7 73.4 84.9 62.4 22.5 21.1 52.6 68.1 18

19 Consumer credit 38.4 23.0 13.9 26.7 22.5 -1.3 -11.8 -7.3 32.8 63.1 19

20 Security credit 6.8 -5.9 -3.2 -0.4 4.2 -5.4 2.2 3.1 4.1 -4.6 20

21 Corporate equities 0.0 0.0 0.0 0.0 -0.1 -2.5 1.7 -0.4 0.9 -1.4 21

22 Mutual fund shares 0.0 0.0 0.0 0.0 -0.1 -0.3 1.8 -0.4 0.5 -1.9 22

23 Customers’ liab. on acceptances (2) -11.1 -7.3 -1.0 -3.1 -5.2 -4.1 -4.6 -0.1 -2.4 -0.2 23

24 Miscellaneous assets 13.4 1.9 1.1 0.8 12.2 4.3 -0.9 0.8 -0.9 11.7 24

25 Net increase in liabilities 200.0 178.4 103.2 166.6 152.7 103.8 51.4 80.6 166.0 189.8 25

26 Net interbank liabilities 9.2 -4.5 30.7 1.3 -18.4 5.4 8.3 12.8 29.0 78.9 26

27 Federal Reserve float 0.1 0.3 -0.5 0.5 -0.2 1.1 -1.5 2.5 -2.3 -1.6 27

28 Borrowing from Federal Reserve banks -0.5 -1.5 2.3 -1.6 -1.7 -0.3 0.0 0.5 -0.6 0.1 28

29 To domestic banking -0.9 -0.8 0.6 0.1 -11.2 -12.9 18.4 14.6 13.3 5.6 29

30 To foreign banks 10.5 -2.6 28.3 2.4 -5.4 17.4 -8.6 -4.8 18.7 74.8 30

31 Checkable deposits 51.8 93.2 -19.1 15.8 -3.6 22.1 37.6 92.8 73.8 -32.2 31

32 Federal government 10.3 1.7 -5.8 7.3 -3.4 5.3 5.5 -5.9 12.1 -18.9 32

33 Rest of the world 0.0 2.7 -1.4 -0.6 0.1 -0.4 -2.2 1.7 -0.3 1.6 33

34 Private domestic 41.5 88.8 -11.9 9.1 -0.2 17.1 34.3 96.9 62.0 -14.9 34

35 Small time and savings deposits 80.4 71.7 27.3 73.0 96.5 121.8 79.9 2.0 -10.9 -0.6 35

36 Large time deposits 10.8 -6.6 37.7 35.2 24.0 -20.5 -73.1 -76.2 -20.0 17.9 36

37 Federal funds and security RPs (net) 26.7 10.6 12.0 16.4 35.6 -34.1 -28.7 13.1 35.8 62.1 37

38 Open market paper -10.9 -8.7 -1.0 -3.3 -5.3 -4.4 -4.7 -0.1 -2.5 -0.3 38

39 Corporate bonds 4.5 2.2 0.7 -0.3 2.8 4.2 0.9 8.4 3.6 3.4 39

40 Other loans and advances 0.7 0.6 1.0 -0.2 0.4 2.0 2.7 3.2 8.6 9.3 40

41 Corporate equity issues 1.4 1.4 1.5 2.5 1.5 2.1 0.9 4.3 1.9 1.8 41

42 Taxes payable (net) -0.4 0.1 -2.0 0.2 -1.2 0.1 -1.6 -0.4 -2.9 -1.7 42

43 Miscellaneous liabilities 25.8 18.5 14.7 25.8 20.4 5.1 29.2 20.7 49.6 51.2 43

44 Investment by bank holding companies 15.6 16.7 19.8 21.3 8.6 5.4 19.4 27.8 31.6 17.5 44

45 Other 10.2 1.7 -5.1 4.6 11.8 -0.3 9.8 -7.0 17.9 33.6 45

46 Discrepancy 6.0 4.4 20.0 38.0 -5.3 -0.2 20.2 36.8 16.0 39.8 46

 Memo:

47 Credit market funds advanced (3) 165.6 162.5 99.2 126.4 146.1 94.9 35.7 69.5 149.6 148.1 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, 1985-1994, December 9, 2010 19

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 0.6 0.7 0.8 0.9 1.1 0.9 1.0 1.3 1.7 1.9 1

 2 Fixed nonresidential investment 1.2 1.3 1.3 1.6 1.8 1.3 1.3 1.8 1.7 1.9 2

 3 Net acquisition of financial assets 22.7 42.2 49.2 30.3 93.3 7.9 71.4 65.0 33.7 48.5 3

 4 Reserves at Federal Reserve 0.7 0.6 -0.4 -1.1 -0.0 0.2 -0.3 -0.3 0.3 -0.0 4

 5 Total bank credit 19.1 33.4 25.5 28.6 23.8 37.6 62.5 34.0 2.8 12.0 5

 6 Open market paper 0.3 -0.2 1.2 -0.5 0.4 2.0 -1.0 0.2 -0.9 -0.2 6

 7 Treasury securities -0.0 2.1 -0.4 0.1 -0.2 5.0 9.4 8.7 6.5 -3.5 7

 8 Agency- and GSE-backed securities 0.5 1.5 1.2 1.1 0.3 1.9 4.0 2.9 7.4 1.5 8

 9 Municipal securities -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate and foreign bonds 3.5 5.0 3.0 -0.7 1.1 2.9 3.7 1.0 1.4 5.1 10

11 Bank loans n.e.c. 10.5 21.9 17.4 20.5 14.0 6.9 29.3 9.9 -13.7 15.0 11

12 Mortgages 0.1 2.9 5.2 8.1 8.1 15.3 8.8 -2.7 -6.5 -4.8 12

13 Security credit 4.2 0.1 -2.1 -0.1 0.1 3.4 8.4 13.9 8.6 -1.2 13

14 Corporate equities 0.1 0.0 -0.1 -0.0 0.0 0.0 0.0 -0.0 0.0 -0.0 14

15 Customers’ liab. on acceptances (2) 1.6 1.7 6.5 0.7 3.1 -5.7 -5.6 -3.6 -4.0 -2.1 15

16 Miscellaneous assets 1.2 6.5 17.6 2.0 66.5 -24.1 14.8 34.9 34.6 38.6 16

17 Net increase in liabilities 23.0 42.6 49.6 30.9 93.9 8.6 72.1 65.7 34.3 49.1 17

18 Net interbank liabilities 11.6 15.8 15.0 4.0 4.7 8.2 1.8 32.3 16.9 11.2 18

19 To foreign banks 6.6 17.0 22.9 1.8 -3.7 7.8 -5.6 49.3 29.2 25.8 19

20 To domestic banks 5.0 -1.2 -7.9 2.3 8.4 0.4 7.5 -17.0 -12.3 -14.6 20

21 Checkable deposits 2.1 0.9 -0.6 1.0 -0.3 0.4 0.2 -0.6 0.0 0.4 21

22 Small time and savings deposits 1.1 2.2 0.6 0.5 3.7 -1.0 -0.1 0.2 -0.8 -1.1 22

23 Large time deposits -0.2 7.6 3.8 6.3 4.4 -3.7 50.1 9.0 -0.8 2.6 23

24 Federal funds and security RPs (net) 4.5 8.4 -1.7 4.5 2.3 8.4 8.8 0.7 -4.3 6.7 24

25 Acceptance liabilities 1.5 2.8 6.6 0.5 1.0 -0.9 -9.6 -3.8 -5.1 -2.6 25

26 Miscellaneous liabilities 2.4 4.8 25.8 14.0 78.0 -3.0 20.9 28.0 28.5 32.0 26

27 Foreign direct investment in U.S. 1.4 1.6 1.7 2.7 2.3 0.9 2.6 2.7 2.2 3.4 27

28 Due to affiliates 2.2 4.2 7.2 12.8 2.6 -1.8 -0.5 3.9 -6.6 -0.5 28

29 Other -1.3 -0.9 16.9 -1.5 73.1 -2.0 18.8 21.4 32.9 29.0 29

30 Discrepancy -0.3 -0.2 -0.2 -0.0 -0.1 0.2 0.4 0.1 0.7 0.6 30

 Memo:

31 Credit market funds advanced (3) 16.4 35.0 34.2 29.4 26.7 28.4 48.5 16.5 -9.8 11.0 31

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

(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, 1985-1994, December 9, 2010

F.112 Bank Holding Companies

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 15.7 14.4 14.4 17.9 19.9 21.6 22.0 21.0 28.3 36.4 1

 2 Fixed nonresidential investment 15.0 14.8 15.1 16.0 17.1 16.3 14.9 16.3 15.1 15.0 2

 3 Net acquisition of financial assets 32.8 31.1 31.8 18.1 23.7 -4.9 2.1 40.5 45.1 26.2 3

 4 Credit market instruments 3.7 -0.3 2.0 -0.1 2.8 -2.8 -1.5 5.6 -0.0 0.9 4

 5 Treasury securities 0.3 -0.1 0.1 0.0 0.1 -0.2 0.3 5.1 -0.8 -0.7 5

 6 Agency- and GSE-backed securities 1.0 -0.4 0.3 0.0 0.3 -0.5 0.5 -0.2 0.9 1.7 6

 7 Corporate and foreign bonds 3.1 -1.3 1.0 0.1 0.8 -1.9 -0.5 0.3 1.7 -0.1 7

 8 Bank loans n.e.c. -0.7 1.5 0.5 -0.3 1.6 -0.2 -1.9 0.4 -1.8 -0.1 8

 9 Miscellaneous assets 29.1 31.5 29.9 18.2 20.9 -2.2 3.6 34.8 45.2 25.3 9

10 Investment in bank subsidiaries 15.6 16.7 19.8 21.3 8.6 5.4 19.4 27.8 31.6 17.5 10

11 Investment in nonbank subsidiaries 13.6 8.4 8.8 -2.5 10.1 -20.8 -14.3 2.3 13.0 0.2 11

12 Other -0.1 6.3 1.3 -0.7 2.2 13.2 -1.6 4.8 0.5 7.7 12

13 Net increase in liabilities 24.2 24.5 25.9 9.6 14.1 -15.5 -8.3 31.6 29.8 3.2 13

14 Net interbank liabilities 1.5 0.6 5.2 -3.6 3.0 11.4 -4.9 3.4 0.9 -1.7 14

15 To domestic banks 2.0 -0.7 1.8 -5.4 1.2 11.0 0.8 -2.5 3.2 6.2 15

16 To foreign banks -0.5 1.3 3.5 1.7 1.8 0.4 -5.7 5.8 -2.3 -7.8 16

17 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 -0.0 -0.4 -0.9 0.2 0.4 -0.2 17

18 Credit market instruments 16.6 10.7 14.3 5.2 6.2 -27.7 -2.5 2.3 8.8 10.3 18

19 Commercial paper 2.2 -3.3 1.5 -0.2 4.4 -18.7 -5.8 -3.9 5.2 5.9 19

20 Corporate bonds 14.4 13.9 12.8 5.4 1.9 -9.0 3.3 6.1 3.6 4.3 20

21 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 6.9 14.7 15.9 5.4 -5.1 21

22 Miscellaneous liabilities 6.1 13.3 6.4 8.1 4.9 -5.6 -14.7 9.9 14.2 -0.2 22

23 Equity, etc. 5.7 -2.0 5.2 7.3 0.6 -1.5 5.2 22.1 22.0 -7.6 23

24 Other 0.3 15.3 1.2 0.8 4.3 -4.1 -19.9 -12.2 -7.8 7.5 24

25 Discrepancy -8.0 -7.0 -6.6 -6.6 -6.8 -5.2 -3.2 -4.0 -2.2 -1.7 25

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

Billions of dollars

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 2.3 -1.2 -1.3 1.6 2.1 4.5 -3.2 2.6 1.7 3.7 3

 4 Checkable deposits and currency 0.4 -0.1 -0.8 -0.6 -0.4 -0.1 -0.8 -0.5 -0.3 0.4 4

 5 Credit market instruments 2.7 0.9 0.1 0.8 1.6 4.5 -1.9 3.7 2.4 3.3 5

 6 Treasury securities 0.1 0.5 0.0 0.2 0.4 0.3 0.3 1.5 1.5 -0.6 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.4 0.4 0.1 0.1 1.1 0.2 0.5 7

 8 Municipal securities 0.0 0.0 0.0 0.1 -0.0 0.0 -0.1 -0.0 -0.2 0.4 8

 9 Corporate and foreign bonds 0.4 0.1 0.0 -0.9 0.0 -0.0 0.1 0.2 0.2 -0.1 9

10 Bank loans n.e.c. 2.1 0.2 -0.1 0.4 0.1 3.3 -3.0 0.2 -0.5 1.7 10

11 Home mortgages 0.1 0.1 0.1 0.2 0.2 0.2 -0.0 1.0 1.2 0.6 11

12 Commercial mortgages 0.1 0.1 0.1 0.4 0.5 0.7 0.7 -0.2 0.1 0.9 12

13 Miscellaneous assets -0.8 -2.1 -0.6 1.4 0.9 0.1 -0.5 -0.7 -0.4 -0.1 13

14 Net increase in liabilities 2.3 -1.3 -1.3 1.5 2.2 4.4 -3.1 2.5 1.3 3.5 14

15 Checkable deposits 0.3 0.4 -0.0 0.3 0.5 -0.7 -0.2 0.6 0.3 0.1 15

16 Small time and savings deposits 0.3 0.5 -0.1 0.3 0.5 2.1 -1.0 0.4 -0.2 0.8 16

17 Large time deposits 0.3 0.5 -0.1 0.3 0.5 2.1 -1.0 0.4 -0.2 0.8 17

18 Miscellaneous liabilities 1.3 -2.7 -1.1 0.7 0.6 0.9 -0.9 1.1 1.4 1.8 18

19 Discrepancy -0.1 -0.1 0.0 -0.1 0.0 -0.2 0.1 -0.1 -0.4 -0.2 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, 1985-1994, December 9, 2010 21

F.114 Savings Institutions (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 3.8 5.7 4.8 5.1 1.2 20.2 22.6 13.8 5.7 4.9 1

 2 Fixed nonresidential investment 4.4 4.6 4.7 5.5 5.5 8.9 6.5 6.4 3.8 3.2 2

 3 Net acquisition of financial assets 94.0 105.2 120.9 108.9 -93.5 -159.8 -180.8 -85.1 -39.9 -11.1 3

 4 Reserves at Federal Reserve 1.0 1.6 0.9 0.3 -0.8 -0.9 -0.9 0.2 0.4 -0.6 4

 5 Checkable deposits and currency 1.6 0.6 -3.8 0.8 -0.7 -0.6 2.4 -0.6 3.0 -1.6 5

 6 Time and savings deposits 2.3 4.0 -8.5 0.0 -2.1 -0.1 -0.3 -1.3 -0.7 -1.8 6

 7 Federal funds and security RPs -4.2 -4.8 -0.9 2.5 3.9 -2.5 -6.6 -0.6 -3.9 -4.1 7

 8 Credit market instruments 76.4 93.4 117.0 100.5 -98.5 -164.2 -158.9 -79.0 -23.3 6.7 8

 9 Open market paper -0.2 1.8 -1.0 0.8 -0.7 -0.0 0.5 -0.7 -0.3 -0.2 9

10 Treasury securities -5.2 3.5 9.6 -10.2 -8.1 -0.9 -0.9 9.0 -5.7 -1.1 10

11 Agency- and GSE-backed securities 0.5 46.3 43.6 19.9 -48.4 -23.2 -40.6 -2.0 4.2 12.6 11

12 Mortgage pass-through securities -0.5 43.1 44.5 4.8 -46.1 -20.6 -31.2 -2.9 2.9 10.2 12

13 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Other 1.0 3.2 -0.9 15.1 -2.2 -2.6 -9.4 0.9 1.3 2.4 14

15 Municipal securities 0.6 -0.3 -0.0 0.2 -0.2 0.4 -0.6 -0.4 0.1 -0.1 15

16 Corporate and foreign bonds 3.1 7.3 8.5 16.2 -14.4 -15.3 -2.9 7.3 9.1 -2.4 16

17 Private mortgage pass-through securities 0.0 0.0 0.0 5.6 4.1 1.8 0.0 -0.7 3.8 -1.1 17

18 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Other 3.1 7.3 8.5 10.6 -18.5 -17.1 -3.0 8.0 5.3 -1.3 19

20 Other loans and advances 8.7 10.5 1.1 3.4 -1.8 -12.7 -10.6 -10.1 -1.6 -0.5 20

21 Mortgages 55.5 19.2 52.9 68.8 -20.8 -99.5 -96.3 -77.4 -29.5 -2.2 21

22 Consumer credit 13.4 5.3 2.4 1.4 -4.2 -12.9 -7.5 -4.8 0.5 0.6 22

23 Corporate equities -0.1 2.1 1.4 2.0 0.4 -2.5 -1.1 0.3 1.7 -1.8 23

24 Miscellaneous assets 17.0 8.3 14.9 2.7 4.4 11.0 -15.4 -4.1 -17.2 -8.1 24

25 Net increase in liabilities 93.6 99.5 116.2 105.6 -80.8 -171.7 -197.7 -105.6 -53.7 -22.5 25

26 Deposits 56.1 48.2 51.3 55.4 -22.3 -120.2 -112.6 -84.7 -67.4 -51.8 26

27 Checkable 9.9 17.1 5.3 6.8 -1.1 -4.8 17.3 -1.4 4.4 -7.9 27

28 Small time and savings 40.4 29.6 37.8 37.7 -6.0 -73.5 -94.7 -75.4 -68.1 -41.8 28

29 Large time 5.8 1.4 8.1 11.0 -15.1 -41.9 -35.3 -7.9 -3.6 -2.1 29

30 Security RPs -3.0 17.1 28.1 15.9 -46.2 -15.3 -22.9 -1.0 7.5 18.4 30

31 Credit market instruments 21.0 24.3 28.7 21.6 -15.0 -30.9 -44.7 -7.0 11.3 12.8 31

32 Corporate bonds 4.6 4.9 4.4 1.9 -3.4 -5.6 -4.1 -3.2 -1.5 -0.8 32

33 Bank loans n.e.c. 1.9 -0.6 -0.5 0.1 -0.7 0.5 -0.7 -0.0 -0.5 0.9 33

34 Other loans and advances 14.5 20.0 24.8 19.6 -10.8 -25.9 -39.9 -3.8 13.3 12.7 34

35 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Taxes payable 0.6 0.3 -0.4 -0.0 -0.1 -0.2 0.2 0.2 -0.1 -0.3 36

37 Miscellaneous liabilities 18.9 9.6 8.5 12.6 2.7 -5.1 -17.6 -13.0 -5.0 -1.6 37

38 Investment by parent 0.7 0.2 -0.9 -0.0 -0.0 -0.4 -1.0 -1.0 0.4 -0.0 38

39 Other 18.1 9.5 9.4 12.7 2.7 -4.7 -16.6 -12.0 -5.5 -1.5 39

40 Discrepancy -1.0 -4.6 -4.6 -3.7 8.4 -0.6 -0.8 -13.1 -11.9 -9.6 40

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
22 FFA, 1985-1994, December 9, 2010

F.115 Credit Unions

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 1.5 0.8 1.1 1.2 1.7 1.7 2.6 5.1 5.5 5.4 1

 2 Fixed nonresidential investment 0.7 0.7 0.8 0.9 1.1 0.7 0.7 1.0 0.9 1.1 2

 3 Net acquisition of financial assets 24.0 28.6 15.3 14.0 9.1 15.3 22.7 24.7 17.0 11.9 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 0.7 0.7 0.0 0.2 0.6 0.0 0.6 1.2 -0.1 0.0 5

 6 Time and savings deposits 5.0 7.1 0.4 -3.5 -2.7 0.4 5.0 0.3 -1.3 -8.9 6

 7 Federal funds and security RPs (net) 3.7 2.5 -1.6 0.1 3.1 2.1 -1.4 0.4 -5.1 -2.3 7

 8 Credit market instruments 13.4 15.5 17.5 17.5 7.1 10.6 12.8 17.7 21.7 28.1 8

 9 Open market paper 0.1 0.6 -0.3 0.4 0.3 1.2 0.3 0.4 -0.7 -0.1 9

10 Treasury securities 2.4 1.8 3.2 3.3 -2.3 -3.6 5.5 5.9 2.6 -0.5 10

11 Agency- and GSE-backed securities 1.1 1.8 0.0 -1.7 -0.9 8.2 5.2 9.1 7.7 4.5 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other loans and advances 0.0 0.0 0.0 0.0 0.0 -0.9 -1.1 -1.9 0.2 0.9 13

14 Home mortgages 3.6 8.2 10.5 8.2 6.8 5.8 4.2 2.9 1.9 5.2 14

15 Consumer credit 6.1 3.1 4.0 7.3 3.3 -0.1 -1.3 1.4 9.9 18.0 15

16 Mutual fund shares 0.0 0.0 -0.0 -0.4 -0.1 0.2 1.2 1.5 0.1 -1.6 16

17 Miscellaneous assets 1.2 2.9 -0.9 0.0 1.1 2.0 4.6 3.7 1.7 -3.4 17

18 Net increase in liabilities 22.8 27.4 14.2 12.8 8.0 14.0 21.1 21.7 13.3 9.5 18

19 Shares/deposits 22.9 27.2 13.3 12.4 8.6 13.8 20.5 21.6 12.6 7.9 19

20 Checkable 3.1 0.4 1.7 0.8 1.3 1.5 2.2 4.5 1.7 2.0 20

21 Small time and savings 19.4 26.1 11.4 11.3 4.2 14.4 17.5 15.5 9.8 5.5 21

22 Large time 0.3 0.7 0.3 0.4 3.1 -2.1 0.8 1.6 1.1 0.4 22

23 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 23

24 Miscellaneous liabilities -0.1 0.2 0.9 0.4 -0.6 0.2 0.6 0.1 0.5 1.4 24

25 Discrepancy -0.4 -1.1 -0.8 -0.9 -0.6 -0.4 0.2 1.1 0.9 1.9 25

F.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Gross saving less net capital transfers paid (1) -4.0 1.7 5.7 6.3 3.0 2.4 2.2 -18.9 3.0 -10.2 1

 2 Fixed nonresidential investment 4.8 5.0 5.1 5.5 6.8 7.6 7.4 8.8 7.9 10.0 2

 3 Net acquisition of financial assets 31.9 46.2 48.5 45.1 41.7 26.4 25.2 9.4 31.7 27.5 3

 4 Checkable deposits and currency 1.2 1.3 -0.1 -0.1 0.6 0.5 -1.1 0.2 -0.4 -0.2 4

 5 Money market fund shares 2.0 0.0 0.3 1.2 -0.0 1.1 -1.4 2.0 -0.3 -0.8 5

 6 Security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 28.6 39.5 40.1 30.9 28.7 28.5 27.4 10.4 27.1 23.4 7

 8 Open market paper 2.9 0.1 0.4 1.6 -0.0 1.6 -2.0 2.8 -0.4 -1.1 8

 9 Treasury securities 5.8 12.7 8.6 9.4 10.8 8.3 23.3 3.5 14.1 9.0 9

10 Agency- and GSE-backed securities 7.8 -0.6 0.1 0.2 3.4 5.9 9.7 -0.3 1.3 1.6 10

11 Municipal securities 3.8 13.3 23.0 8.9 0.1 1.8 -10.7 6.3 10.4 7.4 11

12 Corporate and foreign bonds 7.7 13.0 7.4 10.1 13.6 10.4 7.4 -1.2 3.3 7.2 12

13 Commercial mortgages 0.7 1.0 0.6 0.6 0.9 0.4 -0.4 -0.6 -1.4 -0.7 13

14 Corporate equities -2.0 -0.3 2.7 3.6 7.9 -7.0 -1.2 -0.4 0.8 0.8 14

15 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 15

16 Trade receivables 2.2 4.9 3.6 6.8 2.8 2.0 1.9 -0.1 1.7 2.2 16

17 Miscellaneous assets -0.1 0.7 1.8 2.7 1.6 1.4 -0.3 -2.7 2.8 1.7 17

18 Net increase in liabilities 38.9 45.2 41.0 29.5 31.7 23.3 13.6 20.4 21.5 12.4 18

19 Corporate equity issues 1.5 2.2 -2.0 -2.1 -1.6 -3.8 -2.6 -1.0 3.6 -3.5 19

20 Taxes payable (net) 0.1 0.2 0.5 0.3 -0.7 0.7 0.7 -1.7 2.1 -0.4 20

21 Miscellaneous liabilities 37.3 42.7 42.4 31.3 34.0 26.5 15.5 23.1 15.8 16.4 21

22 Discrepancy -1.8 -4.3 -6.9 -14.9 -13.8 -8.4 -16.7 -16.7 -15.1 -35.3 22

(1) Net capital transfers paid from table F.9, line 50.
FFA, 1985-1994, December 9, 2010 23

F.117 Life Insurance Companies

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 0.5 -5.0 -8.0 0.2 -1.1 -2.7 1.0 -2.7 -5.2 6.0 1

 2 Fixed nonresidential investment 4.2 4.4 4.5 4.9 6.1 6.8 6.5 7.8 7.0 8.9 2

 3 Net acquisition of financial assets 90.6 104.7 101.2 113.7 114.1 112.1 110.6 97.7 142.5 126.2 3

 4 Checkable deposits and currency 0.5 0.7 -0.9 -0.3 0.5 -0.1 0.5 -0.6 0.4 0.4 4

 5 Money market fund shares 2.1 0.9 -3.1 0.1 -0.8 2.2 0.1 0.1 0.1 0.1 5

 6 Credit market instruments 76.5 87.9 88.6 103.1 100.1 107.2 80.8 79.5 100.4 72.0 6

 7 Open market paper -0.2 5.4 -0.4 5.1 3.6 2.9 0.0 -2.5 3.6 5.9 7

 8 Treasury securities 10.5 7.3 -2.0 1.4 -5.7 6.3 18.6 10.2 20.1 -2.9 8

 9 Agency- and GSE-backed securities 12.5 10.6 7.0 8.6 25.0 20.3 42.4 27.7 27.6 11.3 9

10 Municipal securities 1.0 2.0 -1.0 -1.6 -0.1 3.3 -2.1 1.1 3.2 -1.9 10

11 Corporate and foreign bonds 37.8 40.8 66.9 68.4 52.8 56.5 25.4 55.0 58.3 59.9 11

12 Other loans and advances -0.1 -0.3 -0.4 0.6 3.2 4.1 4.8 5.7 5.7 7.8 12

13 Mortgages 15.1 22.0 18.5 20.5 21.4 13.6 -8.4 -17.5 -18.1 -8.1 13

14 Corporate equities 4.8 -2.1 5.7 -3.4 9.7 -5.7 17.0 12.4 41.1 42.5 14

15 Mutual fund shares 1.1 10.2 -2.2 5.7 -4.1 12.6 1.0 9.0 1.5 4.4 15

16 Miscellaneous assets 5.6 7.0 13.0 8.6 8.7 -4.1 11.2 -2.8 -1.0 6.8 16

17 Net increase in liabilities 80.4 100.5 94.9 104.8 103.3 109.0 96.6 103.7 124.4 118.4 17

18 Security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Corporate equity issues -0.1 0.6 -0.9 -0.1 -0.6 -1.4 -0.1 0.6 -0.8 -1.7 19

20 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 20

21 Life insurance reserves 10.4 17.2 25.7 24.9 28.4 25.3 25.6 27.7 35.7 34.3 21

22 Pension fund reserves (1) 55.6 63.4 30.9 69.2 52.3 79.7 38.8 82.4 81.4 45.5 22

23 Taxes payable (net) 0.4 0.7 0.2 0.5 0.9 0.5 1.1 1.4 1.6 1.0 23

24 Miscellaneous liabilities 14.0 18.6 38.8 10.3 22.3 4.9 31.2 -8.4 6.3 39.1 24

25 Discrepancy -13.9 -13.6 -18.9 -13.6 -17.9 -12.6 -19.5 -4.5 -30.4 -10.7 25

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 24).

F.118 Private Pension Funds (1)

Billions of dollars

 1 Gross saving 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.3 0.4 1

 2 Fixed nonresidential investment 1.1 1.4 1.6 1.6 1.8 1.6 1.3 1.2 1.2 1.2 2

 3 Net acquisition of financial assets 83.6 25.8 35.8 67.4 60.4 26.2 90.6 12.3 104.1 140.5 3

 4 Checkable deposits and currency -0.0 -1.4 -0.2 2.9 -0.4 -0.8 -0.3 -0.0 0.2 0.9 4

 5 Time and savings deposits 8.6 10.4 -10.8 10.9 27.5 -4.2 5.5 -17.1 -3.4 6.7 5

 6 Money market fund shares 2.1 1.9 1.8 2.0 2.9 -0.0 1.0 1.0 6.5 5.3 6

 7 Security RPs 8.3 1.7 -0.4 2.3 2.1 -1.3 3.7 0.2 0.9 -6.2 7

 8 Credit market instruments 23.1 4.6 13.6 22.0 51.6 43.5 25.4 26.0 36.2 39.7 8

 9 Open market paper 2.4 4.3 7.2 -6.1 -0.7 -0.4 3.3 -0.2 0.7 -6.2 9

10 Treasury securities 20.2 -15.7 0.2 -0.3 9.7 -0.1 -5.3 -8.5 -4.4 16.8 10

11 Agency- and GSE-backed securities 22.5 -8.0 13.1 14.4 23.8 22.6 12.9 10.5 14.2 40.9 11

12 Corporate and foreign bonds -26.2 26.8 -3.9 5.5 12.1 19.8 21.2 27.8 27.2 -6.6 12

13 Mortgages 4.3 -2.8 -3.1 8.5 6.6 1.6 -6.7 -3.7 -1.6 -5.2 13

14 Corporate equities 11.3 -12.9 0.1 6.8 -33.9 0.6 12.8 2.7 36.3 -3.1 14

15 Mutual fund shares 2.0 1.8 2.2 -0.5 5.1 6.6 11.2 22.2 34.6 55.3 15

16 Miscellaneous assets 28.2 19.7 29.5 21.1 5.5 -18.1 31.4 -22.5 -7.1 41.9 16

17 Unallocated insurance contracts (2) 0.0 13.9 33.5 1.9 12.3 9.6 20.8 -19.6 -6.9 30.6 17

18 Contributions receivable 5.8 0.0 1.5 -1.2 7.3 6.1 12.1 9.9 12.3 11.7 18

19 Other 22.4 5.7 -5.5 20.5 -14.1 -33.8 -1.5 -12.9 -12.6 -0.4 19

20 Pension fund reserves (liabilities) (3) 84.5 27.0 37.1 68.5 61.8 27.3 91.5 13.1 105.0 141.2 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, 1985-1994, December 9, 2010

F.119 State and Local Government Employee Retirement Funds

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.3 1

 2 Fixed nonresidential investment 0.3 0.4 0.5 0.6 0.6 0.8 0.8 1.0 1.3 0.8 2

 3 Net acquisition of financial assets 53.5 67.9 68.2 44.8 49.3 48.1 50.3 62.0 61.9 60.3 3

 4 Checkable deposits and currency 0.4 0.7 1.8 -0.4 -1.2 1.8 -1.2 2.7 0.1 0.1 4

 5 Time and savings deposits 1.4 -3.4 -4.7 1.9 1.9 -1.4 1.1 -1.9 -0.7 -3.7 5

 6 Money market fund shares 1.4 0.3 0.3 0.3 0.5 0.0 0.2 0.2 1.0 0.8 6

 7 Security RPs 2.5 3.3 3.0 -1.1 -0.5 2.5 6.6 5.8 -4.2 7.4 7

 8 Credit market instruments 19.2 44.7 31.7 21.8 30.9 20.5 2.6 37.1 26.9 10.1 8

 9 Open market paper 2.5 3.3 3.0 -1.1 -0.5 2.5 6.6 5.8 -4.2 7.4 9

10 Treasury securities 17.5 29.9 23.5 11.8 1.7 15.8 -2.7 38.0 13.9 -1.9 10

11 Agency- and GSE-backed securities -5.2 0.0 4.8 -7.6 15.9 11.6 -4.8 -18.3 -4.0 4.1 11

12 Municipal securities -0.4 -0.4 0.1 -0.3 -0.3 0.2 0.1 -0.2 0.9 -0.3 12

13 Corporate and foreign bonds 4.8 11.7 0.4 18.7 14.4 -10.5 2.6 12.2 22.1 0.1 13

14 Mortgages 0.1 0.2 -0.2 0.3 -0.3 0.8 0.8 -0.4 -1.9 0.7 14

15 Corporate equities 28.6 24.0 32.4 22.9 14.0 22.5 39.1 13.8 33.3 26.1 15

16 Mutual fund shares 0.0 -1.9 3.9 -2.1 -0.6 0.5 5.0 4.3 6.1 19.1 16

17 Miscellaneous assets 0.1 0.2 -0.1 1.5 4.2 1.6 -3.2 -0.1 -0.4 0.5 17

18 Pension fund reserves (liabilities) (1) 53.6 68.1 68.5 45.1 49.6 48.6 50.7 62.6 62.8 60.9 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 39.9 29.6 31.4 34.4 36.7 36.2 41.5 44.0 41.8 43.0 1

 2 Credit market instruments 0.0 0.0 1.1 1.6 2.1 2.5 2.6 3.0 3.1 3.7 2

 3 Treasury securities 0.0 0.0 1.1 1.6 2.1 2.5 2.5 2.8 2.8 3.5 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.1 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.3 0.5 1.2 1.7 1.7 6

 7 Miscellaneous assets(2) 39.9 29.6 30.3 32.8 34.6 33.4 38.4 39.8 37.1 37.6 7

 8 Pension fund reserves (liabilities) (3) 39.9 29.6 31.4 34.4 36.7 36.2 41.5 44.0 41.8 43.0 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, 1985-1994, December 9, 2010 25

F.121 Money Market Mutual Funds (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net acquisition of financial assets 10.2 48.2 23.2 21.2 89.7 68.6 41.6 4.5 20.2 40.5 1

 2 Foreign deposits -2.2 3.1 -0.6 7.9 -3.2 0.6 -5.3 -1.2 -10.3 5.7 2

 3 Checkable deposits and currency 1.4 -0.2 -0.3 1.0 -0.6 11.1 -11.5 -2.4 1.4 -1.3 3

 4 Time and savings deposits -6.7 2.7 14.5 -0.8 9.3 -21.1 13.2 -0.5 -2.8 -0.5 4

 5 Security RPs 3.3 6.0 7.0 2.3 13.1 3.9 8.8 -1.0 0.4 2.4 5

 6 Credit market instruments 14.0 34.9 1.9 10.5 68.3 77.5 32.7 4.7 20.4 30.0 6

 7 Open market paper 1.1 6.1 5.7 17.4 57.0 19.5 -13.4 -17.0 -9.1 22.7 7

 8 Treasury securities -0.8 3.4 -13.7 -2.7 3.2 30.2 33.4 0.2 1.0 -13.3 8

 9 Agency- and GSE-backed securities 1.1 -3.0 11.7 -8.6 2.7 15.6 4.2 13.6 13.5 9.4 9

10 Municipal securities 12.5 27.6 -2.3 4.3 4.0 13.9 6.6 5.4 9.6 7.8 10

11 Corporate and foreign bonds 0.2 0.8 0.4 0.1 1.4 -1.7 1.8 2.5 5.4 3.4 11

12 Miscellaneous assets 0.3 1.6 0.8 0.3 2.9 -3.5 3.7 5.0 11.0 4.1 12

13 Net share issues (liabilities) 10.2 48.2 23.2 21.2 89.7 68.6 41.6 4.5 20.2 40.5 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 1.1 4.0 -6.0 -4.4 -6.2 -1.2 2.6 3.1 4.1 -11.0 1

 2 Net acquisition of financial assets 86.5 153.3 60.2 -1.6 27.4 53.7 133.9 190.5 292.0 100.6 2

 3 Security RPs 0.1 1.5 0.8 1.3 -0.2 1.4 6.1 9.7 16.8 4.4 3

 4 Credit market instruments 76.1 129.9 31.3 13.3 22.7 36.2 80.1 126.2 159.5 -7.1 4

 5 Open market paper -0.5 7.9 3.6 9.1 -0.6 3.7 -16.3 9.7 16.8 4.4 5

 6 Treasury securities 32.2 32.4 12.8 -3.8 1.2 5.7 16.8 6.5 23.6 -3.5 6

 7 Agency- and GSE-backed securities 20.7 37.3 2.8 -3.4 1.6 8.1 24.1 50.3 25.7 -6.9 7

 8 Municipal securities 15.8 32.1 7.9 8.1 15.7 13.9 27.2 28.7 42.9 -4.3 8

 9 Corporate and foreign bonds 8.0 20.2 4.1 3.2 4.8 4.7 28.4 31.0 50.6 3.2 9

10 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Corporate equities 10.3 20.2 26.9 -16.0 1.2 14.4 48.5 59.8 115.3 100.8 11

12 Miscellaneous assets 0.0 1.7 1.1 -0.3 3.6 1.7 -0.7 -5.2 0.3 2.5 12

13 Net share issues (liabilities) 86.5 153.3 60.2 -1.6 27.4 53.7 133.9 190.5 292.0 100.6 13

14 Discrepancy 1.1 4.0 -6.0 -4.4 -6.2 -1.2 2.6 3.1 4.1 -11.0 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 1.0 5.8 7.3 20.6 6.3 1.4 14.6 20.2 23.7 2.4 1

 2 Credit market instruments 1.4 2.9 4.0 17.9 6.6 1.3 12.8 20.2 20.0 -3.7 2

 3 Treasury securities 0.1 0.4 0.6 3.2 1.8 0.2 3.1 1.7 2.1 -1.0 3

 4 Municipal securities 1.0 1.1 1.3 4.2 4.6 2.0 11.3 14.3 12.1 1.6 4

 5 Corporate and foreign bonds 0.3 1.4 2.1 10.4 0.1 -0.9 -1.6 4.2 5.8 -4.4 5

 6 Corporate equities -0.4 2.9 3.3 2.8 -0.3 0.1 1.8 -0.0 3.7 6.1 6

 7 Net share issues (liabilities) 1.0 5.8 7.3 20.6 6.3 1.4 14.6 20.2 23.7 2.4 7

 Exchange-traded funds

 8 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 -0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 0.0 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 -0.0 13

14 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 -0.0 14
26 FFA, 1985-1994, December 9, 2010

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 0.1 -0.3 0.6 1.4 1.8 1.7 1.9 1.5 1.7 1.5 1

 2 Fixed nonresidential investment 0.5 0.5 0.4 0.4 0.3 0.3 0.3 0.3 0.5 0.5 2

 3 Net acquisition of financial assets 28.7 22.5 27.9 47.3 32.5 23.4 19.2 56.0 78.8 150.7 3

 4 Checkable deposits and currency 0.8 1.5 -0.1 -0.0 -1.3 -0.2 -0.9 -0.0 0.9 -0.8 4

 5 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal funds and security RPs (net) 6.0 2.5 -2.2 6.6 28.0 6.9 -1.1 -1.0 -16.2 35.4 6

 7 Credit market instruments 25.1 16.6 23.4 33.3 -4.3 14.0 15.0 69.3 88.5 121.2 7

 8 Open market paper -0.6 -0.0 -0.0 0.4 2.9 0.5 7.1 2.7 -1.7 14.4 8

 9 Treasury securities 4.1 9.5 4.7 5.3 -13.3 21.3 18.2 17.9 -7.1 0.3 9

10 Agency- and GSE-backed securities 0.1 -0.6 -0.1 0.2 5.9 5.6 11.1 12.7 18.6 64.8 10

11 Municipal securities 0.4 0.7 0.2 0.5 -0.0 0.8 -0.7 0.2 -0.1 2.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.1 8.9 12

13 Other loans and advances 10.3 17.6 25.0 18.8 -8.6 -23.1 -34.1 0.6 23.8 23.6 13

14 Sallie Mae 1.0 0.8 1.4 -0.3 0.5 1.0 1.1 -1.6 -0.8 0.0 14

15 Farm Credit System -4.9 -3.1 -0.8 -0.7 1.9 0.5 2.8 1.4 1.4 0.8 15

16 FHLB loans 14.2 19.8 24.4 19.7 -11.0 -24.7 -38.0 0.8 23.3 22.8 16

17 Mortgages 9.6 -12.0 -8.3 5.0 6.0 5.7 11.5 32.1 41.3 3.6 17

18 Home 17.2 -5.7 -3.1 6.2 5.1 5.3 11.2 30.3 40.0 3.0 18

19 Multifamily residential 1.9 0.3 -0.3 1.1 2.5 1.2 1.0 1.6 1.7 0.9 19

20 Farm -9.5 -6.5 -4.9 -2.3 -1.5 -0.9 -0.7 0.1 -0.5 -0.3 20

21 Consumer credit (2) 1.2 1.4 1.9 3.2 2.8 3.2 1.9 3.1 2.6 3.6 21

22 Miscellaneous assets -3.1 1.9 6.9 7.5 10.0 2.7 6.3 -12.3 5.6 -5.2 22

23 Net increase in liabilities 31.6 23.8 28.3 47.1 30.7 18.4 15.3 53.2 78.0 147.5 23

24 Credit market instruments 21.7 14.9 29.5 44.9 25.2 17.0 9.2 40.7 80.6 172.1 24

25 GSE issues (3) 20.6 15.2 30.2 44.9 25.2 17.1 9.2 40.7 80.6 176.9 25

26 U.S. government loans 1.1 -0.4 -0.8 0.0 0.0 -0.1 -0.0 -0.0 0.0 -4.8 26

27 Corporate equities 1.0 0.7 1.3 1.1 -0.8 -3.2 -1.2 0.0 2.4 0.3 27

28 Miscellaneous liabilities 8.8 8.2 -2.4 1.1 6.3 4.6 7.3 12.5 -4.9 -24.9 28

29 Discrepancy 2.5 0.4 0.5 0.8 -0.3 -3.6 -2.4 -1.6 0.3 -2.2 29

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding

 Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and

 Freddie Mac mortgage pools (table F.125) are consolidated on Fannie Mae’s and Freddie Mac’s balance sheets.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

F.125 Agency- and GSE-backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 1

 2 Home mortgages 77.6 159.3 133.4 70.7 120.2 147.3 139.3 117.8 86.1 115.3 2

 3 Multifamily residential mortgages 1.5 5.1 4.5 5.2 4.1 3.0 -2.6 -2.3 -1.4 -0.0 3

 4 Commercial mortgages 0.0 0.1 -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 4

 5 Farm mortgages -0.2 -0.2 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 5

 6 Net increase in pool securities (liabilities)(2) 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated

 on Fannie Mae’s and Freddie Mac’s balance sheets (table F.124). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency-

 and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans.

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 1985-1994, December 9, 2010 27

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.4 0.3 0.4 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.5 0.9 0.2 0.3 0.6 2

 3 Net acquisition of financial assets 15.8 37.5 43.6 36.1 26.9 59.1 53.3 56.4 82.5 70.0 3

 4 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Agency- and GSE-backed securities (1) 9.0 43.4 28.2 25.4 -8.0 4.1 -23.0 -23.0 23.6 23.0 5

 6 Other loans and advances 0.0 0.0 0.0 0.0 0.6 3.6 2.5 2.9 9.7 4.3 6

 7 Mortgages (2) 6.0 -6.7 13.6 9.0 12.2 13.4 43.5 54.8 36.4 20.3 7

 8 Home 5.4 -7.4 11.2 7.1 8.5 11.7 38.1 45.5 25.6 15.1 8

 9 Multifamily residential 0.0 0.2 0.4 0.4 -0.0 -0.1 2.9 2.8 1.8 1.4 9

10 Commercial 0.6 0.6 2.0 1.5 3.7 1.8 2.4 6.5 9.0 3.8 10

11 Consumer credit 0.0 0.0 0.0 0.0 20.2 29.3 26.3 17.3 10.2 15.6 11

12 Trade credit 0.9 0.9 1.8 1.7 1.9 8.7 4.1 4.3 2.6 6.8 12

13 Net increase in liabilities 15.8 37.5 43.6 36.1 26.9 59.4 53.8 56.3 82.5 70.3 13

14 Commercial paper 0.9 0.9 1.8 1.7 8.9 15.7 7.3 8.1 4.7 12.4 14

15 Corporate bonds (net) (5) 15.0 36.7 41.8 34.4 18.0 43.7 46.4 48.1 77.8 57.9 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) 0.0 0.0 0.0 0.0 0.0 0.3 0.5 -0.1 0.0 0.3 17

18 REIT assets (4) 0.1 4.5 6.3 1.6 0.7 -0.0 -0.3 -0.7 -1.7 -3.6 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 -1.1 -1.3 8.7 9.8 12.8 14.6 16.1 17.7 20.1 21.7 1

 2 Fixed nonresidential investment 2.7 3.2 12.4 14.0 17.3 16.7 14.3 12.4 22.7 28.4 2

 3 Net acquisition of financial assets 54.2 60.7 46.5 49.4 49.0 27.5 23.9 -3.9 6.3 18.3 3

 4 Checkable deposits and currency 1.0 0.9 1.4 1.2 0.8 1.2 2.3 0.4 1.5 1.4 4

 5 Time and savings deposits 0.3 0.8 0.6 0.5 1.3 0.7 2.8 0.3 3.1 1.2 5

 6 Credit market instruments 50.7 56.7 38.4 45.0 55.4 27.5 7.7 2.4 -21.0 32.0 6

 7 Corporate and foreign bonds 3.7 5.1 5.7 4.8 6.1 5.4 14.8 1.9 13.6 7.6 7

 8 Other loans and advances 18.3 15.6 34.3 28.6 23.5 17.4 -4.3 1.1 -15.9 25.9 8

 9 Mortgages 8.0 17.5 -4.7 10.3 26.6 11.2 9.5 2.7 -3.1 -19.8 9

10 Consumer credit 20.7 18.6 3.1 1.2 -0.7 -6.5 -12.2 -3.3 -15.6 18.3 10

11 Miscellaneous assets 2.2 2.2 6.1 2.7 -8.5 -1.9 11.1 -7.0 22.6 -16.2 11

12 Net increase in liabilities 55.5 61.5 41.7 41.2 42.7 27.9 30.9 3.9 10.8 40.3 12

13 Credit market instruments 41.9 60.5 12.0 24.0 37.5 23.1 13.6 4.9 -1.3 37.2 13

14 Open market paper 29.6 21.6 10.7 17.1 8.7 3.1 -8.6 -6.0 -0.1 22.5 14

15 Corporate bonds 14.7 26.3 9.6 5.9 15.6 16.8 14.8 8.9 12.5 31.7 15

16 Bank loans n.e.c. -2.5 12.6 -8.3 1.0 13.2 3.2 7.4 2.0 -13.7 -17.1 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 0.0 0.0 0.3 0.2 0.4 0.4 0.5 0.6 0.8 0.8 18

19 Miscellaneous liabilities 13.7 1.0 29.4 17.1 4.9 4.4 16.8 -1.6 11.4 2.3 19

20 Foreign direct investment in U.S. -0.5 2.1 -0.2 -0.5 7.2 -3.5 1.3 1.7 7.1 0.4 20

21 Investment by parent 17.6 10.3 -11.5 -22.6 -1.5 1.4 -4.3 2.0 1.2 6.2 21

22 Other -3.4 -11.5 41.1 40.2 -0.8 6.4 19.8 -5.3 3.1 -4.3 22

23 Discrepancy -2.5 -3.8 -8.5 -12.3 -10.7 -1.8 8.8 13.1 2.0 15.3 23

 Memo:

24 Consumer leases not included above (2) 2.7 2.8 2.3 2.9 2.8 6.6 7.4 5.5 10.2 18.2 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table F.126.
28 FFA, 1985-1994, December 9, 2010

F.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving -0.3 0.2 -0.0 0.0 -0.2 -0.1 -0.1 0.1 0.7 0.6 1

 2 Fixed nonresidential investment 0.4 0.6 0.7 0.9 0.9 1.0 0.9 1.1 1.2 1.3 2

 3 Multifamily residential investment 0.1 0.2 0.2 0.1 0.1 0.2 0.2 2.6 5.2 7.3 3

 4 Net acquisition of financial assets 2.8 4.6 8.4 5.1 2.2 -2.2 0.5 -0.9 1.9 1.1 4

 5 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 2.6 5.0 7.5 4.3 0.6 -1.8 -0.6 1.4 0.4 -0.7 6

 7 Agency- and GSE-backed securities 0.2 5.0 6.5 2.5 0.9 -1.1 0.1 -0.7 -0.3 -6.4 7

 8 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.2 1.0 8

 9 Mortgages 2.4 0.0 1.0 1.7 -0.3 -0.7 -0.7 1.1 0.6 4.7 9

10 Home 0.1 -0.0 0.0 0.1 -0.0 -0.0 -0.1 0.8 1.1 2.8 10

11 Multifamily residential 0.4 0.0 0.3 0.5 -0.1 -0.2 -0.1 0.0 -0.3 0.2 11

12 Commercial 1.9 0.0 0.7 1.1 -0.2 -0.5 -0.5 0.3 -0.3 1.7 12

13 Miscellaneous assets 0.2 -0.4 0.9 0.8 1.6 -0.4 1.1 -2.3 1.4 1.8 13

14 Net increase in liabilities 4.7 7.6 9.8 8.0 2.5 1.1 4.2 4.0 16.9 29.0 14

15 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 2.1 4.7 15

16 Credit market instruments 1.3 5.7 8.0 3.5 2.1 0.8 0.9 -0.4 1.7 10.2 16

17 Open market paper 0.1 0.3 0.4 -0.1 -0.2 -0.2 -0.0 -0.0 -0.3 -0.6 17

18 Corporate bonds 0.9 4.8 6.8 1.8 1.0 0.1 -0.1 0.3 -1.4 -1.6 18

19 Bank loans n.e.c. 0.3 0.3 0.5 1.6 1.0 0.3 0.6 -1.3 -0.2 2.5 19

20 Mortgages 0.1 0.3 0.3 0.3 0.3 0.6 0.5 0.6 3.6 9.8 20

21 Corporate equity issues 3.2 1.8 1.4 2.2 1.8 1.3 1.6 2.0 13.2 11.1 21

22 Miscellaneous liabilities 0.1 0.1 0.4 2.3 -1.4 -0.9 1.6 0.6 -0.1 2.9 22

23 Discrepancy 1.0 2.5 0.4 1.9 -0.9 1.9 2.5 1.3 9.4 19.9 23

 Memo:

24 Securitized assets included above 0.1 4.5 6.3 1.6 0.7 -0.0 -0.3 -0.7 -1.7 -3.6 24

25 Agency- and GSE-backed securities 0.1 4.5 6.3 1.6 0.7 -0.0 -0.3 -1.3 -2.3 -5.0 25

26 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.6 1.4 26

27 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
FFA, 1985-1994, December 9, 2010 29

F.129 Security Brokers and Dealers

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Gross saving 3.4 3.1 5.6 4.9 5.1 8.3 6.0 7.1 7.9 6.9 1

 2 Fixed nonresidential investment 9.4 11.2 12.8 13.9 14.7 12.9 12.2 5.7 11.1 8.5 2

 3 Net acquisition of financial assets 37.6 28.6 -62.5 -2.0 100.7 25.6 70.4 49.2 97.0 -24.1 3

 4 Checkable deposits and currency 2.4 2.2 -1.4 1.9 0.4 0.5 -0.1 0.2 1.9 -0.3 4

 5 Credit market instruments 4.1 8.1 -35.0 -16.3 80.2 2.8 17.5 -1.3 14.8 -44.2 5

 6 Open market paper -2.8 -2.0 -1.5 0.6 3.0 0.6 -4.4 1.2 -0.3 -3.7 6

 7 Treasury securities -16.2 8.1 -25.7 -30.7 68.9 -14.2 -1.6 -13.3 -20.7 -14.4 7

 8 Agency- and GSE-backed securities 4.9 4.9 4.9 4.9 4.9 19.6 10.0 -1.0 7.8 -15.8 8

 9 Municipal securities 8.9 -3.3 -8.4 -0.8 -0.4 0.8 1.6 1.9 5.8 -1.7 9

10 Corporate and foreign bonds 9.2 0.3 -4.4 9.8 3.7 -4.0 12.0 10.0 22.2 -8.7 10

11 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate equities 2.6 1.4 -7.1 0.1 -1.9 -3.3 2.4 -0.6 8.1 -3.4 12

13 Security credit 18.9 6.7 -16.3 1.7 -1.0 -3.7 16.3 -1.6 22.6 -1.1 13

14 Miscellaneous assets 9.7 10.3 -2.7 10.5 23.0 29.4 34.3 52.6 49.6 24.8 14

15 Net increase in liabilities 35.3 27.2 -55.8 -4.9 96.9 31.4 64.2 44.8 108.2 -17.4 15

16 Security RPs (net) -1.8 11.8 -49.8 -13.1 86.1 16.8 25.7 24.0 20.0 -23.0 16

17 Credit market instruments 0.3 2.1 -0.1 4.3 6.3 1.5 3.7 2.7 12.0 0.5 17

18 Corporate bonds 0.3 2.1 -0.1 4.3 6.3 1.5 3.7 2.7 12.0 0.5 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 2.5 2.2 6.3 -1.2 -3.0 3.4 -5.7 -1.9 1.3 4.7 20

21 Trade payables 2.5 -0.4 -0.8 1.7 -0.5 -1.9 0.7 0.6 2.7 -0.9 21

22 Security credit 24.5 3.2 -11.1 1.3 16.6 7.2 35.2 6.2 38.7 1.0 22

23 Customer credit balances (HH) 13.5 9.0 -5.8 1.8 12.3 9.2 24.6 -10.8 26.0 6.7 23

24 From banks 11.0 -5.8 -5.3 -0.5 4.3 -2.0 10.6 16.9 12.7 -5.7 24

25 Taxes payable 0.3 0.2 -0.6 0.1 0.1 0.1 0.2 0.0 0.5 -0.2 25

26 Miscellaneous liabilities 6.9 7.0 1.1 1.8 -6.9 5.0 4.0 13.1 32.0 1.7 26

27 Foreign direct investment in U.S. -0.3 0.6 2.1 0.9 1.4 0.1 2.0 0.0 16.5 0.9 27

28 Due to affiliates 8.5 3.4 17.3 23.9 11.9 -10.8 3.9 22.5 23.4 12.2 28

29 Other -1.3 3.0 -18.4 -23.0 -20.2 15.7 -1.9 -9.4 -7.9 -11.4 29

30 Proprietors’ net investment 0.1 1.2 -0.8 0.1 -1.7 -0.7 0.5 0.1 0.9 -1.1 30

31 Discrepancy -8.2 -9.5 -0.5 -11.9 -13.4 1.1 -12.4 -3.0 8.0 5.1 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 71.1 10.9 19.6 31.6 14.1 9.7 32.7 59.1 -2.4 17.7 1

 2 Money market fund shares 0.7 2.6 2.2 4.0 8.0 16.1 17.5 26.8 14.9 13.1 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 59.7 0.8 7.8 8.0 3.6 -10.0 5.1 9.2 -27.9 -11.0 4

 5 Open market paper 59.7 0.8 7.8 8.0 3.6 -10.0 5.1 9.2 -31.9 -21.0 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0 10.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 10.7 7.5 9.6 19.6 2.5 3.6 10.2 23.0 10.6 15.6 9

10 Investment in foreign banking offices 2.2 4.2 7.2 12.8 2.6 -1.8 -0.5 3.9 -6.6 -0.5 10

11 Investment in brokers and dealers 8.5 3.4 2.4 6.8 -0.2 5.4 10.7 19.2 17.2 16.1 11

12 Net increase in liabilities 71.1 10.9 19.6 31.6 14.1 9.7 32.7 59.1 -2.4 17.7 12

13 Credit market instruments 10.7 12.0 9.7 38.0 12.5 16.8 -4.0 16.2 6.3 23.1 13

14 Open market paper 8.6 10.6 7.0 39.1 13.8 14.0 -10.9 4.5 -7.3 3.0 14

15 Corporate bonds 2.1 1.4 2.7 -1.1 -1.3 2.9 6.9 11.7 13.6 20.0 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 60.4 -1.0 9.9 -6.4 1.6 -7.1 36.7 42.9 -8.7 -5.4 19

20 Foreign direct investment in U.S. 0.0 -4.4 -0.1 -18.5 -10.0 -13.2 14.2 6.9 4.3 -7.5 20

21 Securities loaned (net) 1.5 5.1 3.1 8.0 16.1 32.1 31.5 50.6 43.6 24.6 21

22 Equity interest 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) 58.9 -1.7 6.9 4.0 -4.4 -26.0 -9.0 -14.6 -56.6 -22.5 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, 1985-1994, December 9, 2010

F.200 U.S. Official Reserve Assets (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 3.9 -0.3 -9.1 3.9 25.3 2.2 -5.8 -3.9 1.4 -5.3 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Rest of the world 3.9 -0.3 -9.1 3.9 25.3 2.2 -5.8 -3.9 1.4 -5.3 3

 4 SDR holdings 0.9 0.2 0.5 -0.1 0.5 0.2 0.2 -2.3 0.5 0.4 4

 5 Reserve position in IMF (net) -0.9 -1.5 -2.1 -1.0 -0.5 -0.7 0.4 2.7 0.0 -0.5 5

 6 Foreign currency holdings 3.9 0.9 -7.6 5.1 25.2 2.7 -6.3 -4.3 0.8 -5.3 6

 7 Total assets 3.9 -0.3 -9.1 3.9 25.3 2.2 -5.8 -3.9 1.4 -5.3 7

 8 Federal government 1.9 -0.7 -5.4 1.4 12.7 0.8 -2.6 -1.7 1.0 -2.7 8

 9 Monetary gold (2) 0.0 0.0 -0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 9

10 SDR holdings 0.9 0.2 0.5 -0.1 0.5 0.2 0.2 -2.3 0.5 0.4 10

11 Reserve position in IMF (net) -0.9 -1.5 -2.1 -1.0 -0.5 -0.7 0.4 2.7 0.1 -0.5 11

12 Foreign currency holdings 1.9 0.5 -3.8 2.5 12.6 1.3 -3.2 -2.1 0.4 -2.6 12

13 Rest of the world 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 13

14 Monetary gold (2) 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Monetary authority 2.0 0.4 -3.8 2.5 12.6 1.3 -3.2 -2.2 0.4 -2.6 16

17 Monetary gold (2) -0.0 -0.0 0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 17

18 Reserve position in IMF (net) 0.0 -0.0 -0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 0.0 18

19 Foreign currency holdings 1.9 0.5 -3.8 2.5 12.6 1.3 -3.2 -2.1 0.4 -2.6 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

F.201 SDR Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.1 0.3 0.0 0.0 3.5 1.5 0.0 -2.0 0.0 0.0 1

 2 Asset: Monetary authority 0.1 0.3 0.0 0.0 3.5 1.5 0.0 -2.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.4 0.5 0.5 0.5 0.6 1.0 0.0 0.2 0.4 0.7 3

 4 Asset: Monetary authority 0.6 0.5 0.6 0.6 0.8 0.8 0.6 0.4 0.6 0.9 4

 5 Discrepancy (seigniorage) -0.2 -0.0 -0.1 -0.1 -0.3 0.2 -0.6 -0.2 -0.2 -0.2 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 7.1 27.6 8.6 14.7 29.1 27.9 -26.5 -3.4 -18.5 52.9 1

 Held by:

 2 Household sector 0.8 0.8 -0.1 0.9 0.8 1.4 1.0 1.2 -1.1 3.1 2

 3 Nonfinancial corporate business 2.7 3.2 -2.9 5.3 -6.8 0.0 1.7 -0.6 -1.3 1.2 3

 4 Money market mutual funds -2.2 3.1 -0.6 7.9 -3.2 0.6 -5.3 -1.2 -10.3 5.7 4

 5 Discrepancy--unallocated assets 5.7 20.5 12.2 0.5 38.4 25.9 -24.0 -2.8 -5.8 42.9 5
FFA, 1985-1994, December 9, 2010 31

F.203 Net Interbank Transactions

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 30.4 31.4 43.8 2.0 -10.6 29.2 -3.0 49.3 50.5 89.7 1

 2 Monetary authority 8.1 19.6 -7.1 0.3 0.1 4.3 -8.2 0.9 3.7 1.3 2

 3 Depository institution reserves 6.8 19.5 -6.3 -2.4 -1.0 0.3 -9.2 2.7 2.9 -4.2 3

 4 Vault cash 1.3 0.1 -0.8 2.7 1.1 3.9 1.0 -1.7 0.8 5.5 4

 5 Commercial banking 22.3 11.8 50.9 1.7 -10.7 25.0 5.2 48.4 46.8 88.4 5

 6 To monetary authority -0.4 -1.2 1.8 -1.2 -1.8 0.8 -1.5 3.0 -2.9 -1.5 6

 7 To banks in foreign countries 16.6 15.7 54.7 5.9 -7.2 25.6 -19.9 50.3 45.6 92.7 7

 8 Liabilities, net 11.9 14.6 52.6 5.5 -9.1 25.2 -17.1 48.6 46.3 93.5 8

 9 U.S.-chartered commercial banks 8.5 -3.6 26.4 2.2 -7.7 16.7 -5.7 -6.5 19.3 74.4 9

10 Due to foreign affiliates 10.3 -5.1 12.0 12.1 -9.7 14.9 7.4 -10.1 6.6 52.6 10

11 - Due from foreign affiliates 1.8 -1.5 -14.4 9.9 -2.0 -1.8 13.1 -3.7 -12.8 -21.7 11

12 Foreign banking offices in U.S. 3.9 16.9 22.8 1.5 -3.2 8.1 -5.7 49.3 29.2 27.0 12

13 Due to foreign affiliates 7.4 18.7 13.0 0.3 -13.2 7.9 5.4 3.7 -1.7 1.4 13

14 - Due from foreign affiliates 3.5 1.8 -9.7 -1.2 -10.0 -0.2 11.1 -45.6 -30.9 -25.6 14

15 Bank holding companies -0.5 1.3 3.5 1.7 1.8 0.4 -5.7 5.8 -2.3 -7.8 15

16 Due to foreign affiliates -1.1 1.2 0.9 4.7 -2.2 0.5 -2.2 1.0 -2.3 -2.5 16

17 - Due from foreign affiliates -0.6 -0.1 -2.6 3.0 -4.0 0.1 3.5 -4.8 -0.0 5.3 17

18 Less: Deposits at foreign banks -4.7 -1.1 -2.0 -0.4 -1.9 -0.5 2.8 -1.7 0.7 0.8 18

19 U.S.-chartered commercial banks -2.0 -1.0 -1.9 -0.2 -2.3 -0.7 2.9 -1.7 0.7 -0.4 19

20 Foreign banking offices in U.S. -2.7 -0.1 -0.2 -0.2 0.4 0.3 -0.1 -0.0 0.0 1.3 20

21 To U.S. banking, net 6.0 -2.7 -5.6 -3.0 -1.6 -1.4 26.6 -4.9 4.2 -2.8 21

22 U.S.-chartered commercial banks -0.9 -0.8 0.6 0.1 -11.2 -12.9 18.4 14.6 13.3 5.6 22

23 Due to: 7.6 4.8 1.6 4.3 6.4 -10.6 8.9 -10.6 5.9 4.8 23

24 Foreign offices in U.S. 1.3 7.3 9.1 7.0 7.9 5.2 -15.6 -4.8 1.9 8.1 24

25 Bank holding companies 0.3 0.2 -1.9 0.3 0.1 -14.4 -2.2 -0.9 -0.1 -0.4 25

26 Unallocated 6.0 -2.7 -5.6 -3.0 -1.6 -1.4 26.6 -4.9 4.2 -2.8 26

27 Less, due from: 8.5 5.6 1.0 4.2 17.6 2.3 -9.5 -25.2 -7.3 -0.7 27

28 Foreign offices in U.S. 6.3 6.1 1.2 9.2 16.3 5.7 -8.1 -21.8 -10.5 -6.5 28

29 Bank holding companies 2.2 -0.5 -0.2 -5.0 1.3 -3.4 -1.4 -3.4 3.2 5.8 29

30 Foreign banking offices in U.S. 5.0 -1.2 -7.9 2.3 8.4 0.4 7.5 -17.0 -12.3 -14.6 30

31 Due to U.S. banks 6.3 6.1 1.2 9.2 16.3 5.7 -8.1 -21.8 -10.5 -6.5 31

32 - Due from U.S. banks 1.3 7.3 9.1 7.0 7.9 5.2 -15.6 -4.8 1.9 8.1 32

33 Bank holding companies 2.0 -0.7 1.8 -5.4 1.2 11.0 0.8 -2.5 3.2 6.2 33

34 Due to U.S. banks 2.2 -0.5 -0.2 -5.0 1.3 -3.4 -1.4 -3.4 3.2 5.8 34

35 - Due from U.S. banks 0.3 0.2 -1.9 0.3 0.1 -14.4 -2.2 -0.9 -0.1 -0.4 35

36 Net change in assets 24.4 34.1 49.3 5.0 -9.0 30.7 -29.6 54.2 46.3 92.5 36

37 Rest of the world 16.6 15.7 54.7 5.9 -7.2 25.6 -19.9 50.3 45.6 92.7 37

38 Domestic 7.7 18.4 -5.3 -0.9 -1.8 5.1 -9.7 3.9 0.7 -0.2 38

39 Monetary authority -0.4 -1.2 1.8 -1.2 -1.8 0.8 -1.5 3.0 -2.9 -1.5 39

40 Federal Reserve float 0.1 0.3 -0.5 0.5 -0.2 1.1 -1.5 2.5 -2.3 -1.6 40

41 Loans to member banks -0.5 -1.5 2.3 -1.6 -1.7 -0.3 0.0 0.5 -0.6 0.1 41

42 Commercial banking 7.2 18.0 -8.0 -0.1 0.9 5.1 -7.3 0.7 3.3 1.9 42

43 Reserves at Federal Reserve 5.9 17.9 -7.2 -2.8 -0.2 1.2 -8.3 2.5 2.5 -3.6 43

44 Vault cash 1.3 0.1 -0.8 2.7 1.1 3.9 1.0 -1.7 0.8 5.5 44

45 Savings insts.: Reserves at Fed. Res. 1.0 1.6 0.9 0.3 -0.8 -0.9 -0.9 0.2 0.4 -0.6 45

46 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 46

47 Discrepancy--floats, etc. 6.0 -2.7 -5.6 -3.0 -1.6 -1.4 26.6 -4.9 4.2 -2.8 47
32 FFA, 1985-1994, December 9, 2010

F.204 Checkable Deposits and Currency

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 83.8 125.4 4.0 42.3 7.0 42.6 87.8 112.1 117.3 -11.8 1

 2 Monetary authority 16.6 13.3 16.7 17.6 10.2 24.2 30.7 16.2 37.2 25.8 2

 3 Federal government cash and deposits 4.1 -1.9 -2.3 3.3 -2.4 2.8 8.8 -10.3 7.2 -7.7 3

 4 Due to government-sponsored enterprises 0.0 0.9 0.1 -0.5 0.7 -1.1 1.5 -1.4 0.0 0.5 4

 5 Deposits due to foreign 0.1 -0.1 -0.1 0.1 0.2 -0.2 0.6 -0.7 0.2 -0.1 5

 6 Currency outside banks 12.4 14.4 19.0 14.8 11.7 22.6 19.8 28.7 29.8 33.1 6

 7 Commercial banking 54.2 94.5 -19.7 17.1 -3.4 21.7 37.6 92.8 74.1 -31.7 7

 8 Federal government deposits 10.3 1.7 -5.8 7.3 -3.4 5.3 5.5 -5.9 12.1 -18.9 8

 9 Deposits due to foreign 1.4 2.8 -1.3 -0.6 -0.1 -0.1 -2.0 2.3 -0.4 2.0 9

10 Private domestic deposits 42.6 90.1 -12.6 10.4 0.1 16.5 34.1 96.4 62.4 -14.8 10

11 Savings institutions 9.9 17.1 5.3 6.8 -1.1 -4.8 17.3 -1.4 4.4 -7.9 11

12 Credit unions 3.1 0.4 1.7 0.8 1.3 1.5 2.2 4.5 1.7 2.0 12

13 Net change in assets 83.8 125.4 4.0 42.3 7.0 42.6 87.8 112.1 117.3 -11.8 13

14 Household sector 15.1 115.9 4.0 -0.7 2.2 -10.7 51.9 111.3 48.4 -30.0 14

15 Nonfinancial business 37.5 4.1 10.4 18.6 10.3 8.4 9.1 1.2 23.8 24.2 15

16 Corporate 23.0 1.5 9.5 14.0 9.1 6.1 6.9 -4.3 20.5 11.7 16

17 Nonfarm noncorporate 11.5 2.2 0.7 4.3 0.9 1.8 1.5 4.6 2.3 12.0 17

18 Farm 3.0 0.4 0.2 0.3 0.3 0.5 0.8 0.9 1.1 0.4 18

19 State and local governments 1.1 2.5 -0.7 3.0 0.4 -1.3 6.5 1.2 2.0 1.8 19

20 Federal government 13.0 0.4 -8.1 9.0 -14.2 4.8 27.4 -16.9 20.7 -21.7 20

21 Rest of the world 4.8 5.1 2.5 3.6 3.9 16.3 11.4 12.6 16.4 22.4 21

22 Checkable deposits 1.5 2.7 -1.4 -0.5 0.2 -0.3 -1.4 1.5 -0.3 1.8 22

23 Currency 3.3 2.4 3.9 4.1 3.7 16.6 12.8 11.1 16.6 20.6 23

24 Financial sectors 10.2 7.0 -4.5 6.4 -1.7 13.3 -9.9 0.5 8.7 -0.8 24

25 Commercial banking 0.4 -0.1 -0.8 -0.6 -0.4 -0.1 -0.8 -0.5 -0.3 0.4 25

26 Savings institutions 1.6 0.6 -3.8 0.8 -0.7 -0.6 2.4 -0.6 3.0 -1.6 26

27 Credit unions 0.7 0.7 0.0 0.2 0.6 0.0 0.6 1.2 -0.1 0.0 27

28 Property-casualty insurance companies 1.2 1.3 -0.1 -0.1 0.6 0.5 -1.1 0.2 -0.4 -0.2 28

29 Life insurance companies 0.5 0.7 -0.9 -0.3 0.5 -0.1 0.5 -0.6 0.4 0.4 29

30 Private pension funds -0.0 -1.4 -0.2 2.9 -0.4 -0.8 -0.3 -0.0 0.2 0.9 30

31 State and local govt. retirement funds 0.4 0.7 1.8 -0.4 -1.2 1.8 -1.2 2.7 0.1 0.1 31

32 Money market mutual funds 1.4 -0.2 -0.3 1.0 -0.6 11.1 -11.5 -2.4 1.4 -1.3 32

33 Government-sponsored enterprises 0.8 1.5 -0.1 -0.0 -1.3 -0.2 -0.9 -0.0 0.9 -0.8 33

34 Finance companies 1.0 0.9 1.4 1.2 0.8 1.2 2.3 0.4 1.5 1.4 34

35 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Brokers and dealers 2.4 2.2 -1.4 1.9 0.4 0.5 -0.1 0.2 1.9 -0.3 36

37 Mail float 2.1 -9.5 0.4 2.5 6.2 11.8 -8.6 2.2 -2.8 -7.6 37
FFA, 1985-1994, December 9, 2010 33

F.205 Time and Savings Deposits

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 158.8 133.8 126.7 175.9 115.8 -2.2 -56.8 -130.4 -93.9 -17.8 1

 2 Small time and savings deposits 141.7 130.2 77.0 122.7 99.0 63.9 1.6 -57.2 -70.3 -37.4 2

 3 Commercial banking 81.9 74.4 27.8 73.8 100.8 123.0 78.9 2.7 -12.0 -1.0 3

 4 U.S.-chartered commercial banks 80.4 71.7 27.3 73.0 96.5 121.8 79.9 2.0 -10.9 -0.6 4

 5 Foreign banking offices in U.S. 1.1 2.2 0.6 0.5 3.7 -1.0 -0.1 0.2 -0.8 -1.1 5

 6 Banks in U.S.-affiliated areas 0.3 0.5 -0.1 0.3 0.5 2.1 -1.0 0.4 -0.2 0.8 6

 7 Savings institutions 40.4 29.6 37.8 37.7 -6.0 -73.5 -94.7 -75.4 -68.1 -41.8 7

 8 Credit unions 19.4 26.1 11.4 11.3 4.2 14.4 17.5 15.5 9.8 5.5 8

 9 Large time deposits (1) 17.1 3.6 49.8 53.2 16.9 -66.1 -58.5 -73.2 -23.5 19.6 9

10 Commercial banking 11.0 1.5 41.4 41.8 28.9 -22.1 -24.0 -66.8 -21.1 21.3 10

11 U.S.-chartered commercial banks 10.8 -6.6 37.7 35.2 24.0 -20.5 -73.1 -76.2 -20.0 17.9 11

12 Foreign banking offices in U.S. -0.2 7.6 3.8 6.3 4.4 -3.7 50.1 9.0 -0.8 2.6 12

13 Banks in U.S.-affiliated areas 0.3 0.5 -0.1 0.3 0.5 2.1 -1.0 0.4 -0.2 0.8 13

14 Savings institutions 5.8 1.4 8.1 11.0 -15.1 -41.9 -35.3 -7.9 -3.6 -2.1 14

15 Credit unions 0.3 0.7 0.3 0.4 3.1 -2.1 0.8 1.6 1.1 0.4 15

16 Net change in assets 158.8 133.8 126.7 175.9 115.8 -2.2 -56.8 -130.4 -93.9 -17.8 16

17 Household sector 132.0 94.2 128.6 162.7 79.1 30.5 -78.2 -104.7 -112.8 -26.7 17

18 Nonfinancial business 5.7 17.9 -1.5 2.9 -0.3 -3.4 5.2 5.4 19.4 8.0 18

19 Corporate 0.2 16.2 0.4 -3.7 -1.7 -6.0 3.0 -1.6 16.0 4.4 19

20 Nonfarm noncorporate 5.5 1.7 -1.9 6.6 1.4 2.7 2.2 7.0 3.4 3.6 20

21 State and local governments 7.0 2.4 7.1 -2.0 -2.8 -3.0 -11.1 -6.1 -1.5 6.5 21

22 Federal government 0.0 0.2 0.2 -0.2 -0.1 0.1 0.1 -0.7 -0.1 -0.1 22

23 Rest of the world 3.2 -2.5 0.9 3.4 4.7 -0.7 -0.2 -4.1 6.8 1.5 23

24 Financial sectors 10.8 21.5 -8.5 9.1 35.2 -25.7 27.3 -20.2 -5.7 -7.0 24

25 Savings institutions 2.3 4.0 -8.5 0.0 -2.1 -0.1 -0.3 -1.3 -0.7 -1.8 25

26 Credit unions 5.0 7.1 0.4 -3.5 -2.7 0.4 5.0 0.3 -1.3 -8.9 26

27 Private pension funds 8.6 10.4 -10.8 10.9 27.5 -4.2 5.5 -17.1 -3.4 6.7 27

28 State and local govt. retirement funds 1.4 -3.4 -4.7 1.9 1.9 -1.4 1.1 -1.9 -0.7 -3.7 28

29 Money market mutual funds -6.7 2.7 14.5 -0.8 9.3 -21.1 13.2 -0.5 -2.8 -0.5 29

30 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 0.3 0.8 0.6 0.5 1.3 0.7 2.8 0.3 3.1 1.2 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 10.2 48.2 23.2 21.2 89.7 68.6 41.6 4.5 20.2 40.5 1

 2 Net purchases 10.2 48.2 23.2 21.2 89.7 68.6 41.6 4.5 20.2 40.5 2

 3 Household sector 3.3 41.9 20.8 17.0 78.1 38.3 18.3 -42.2 -2.1 9.6 3

 4 Nonfinancial corporate business -1.5 0.4 0.9 -5.5 0.0 9.3 4.5 13.5 -3.7 3.2 4

 5 Nonfarm noncorporate business 0.0 0.1 -0.1 2.2 0.5 0.9 0.7 2.3 1.1 4.2 5

 6 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 4.1 6

 7 Rest of the world 0.0 0.0 0.0 0.0 0.4 0.8 0.8 0.8 0.8 0.8 7

 8 Property-casualty insurance companies 2.0 0.0 0.3 1.2 -0.0 1.1 -1.4 2.0 -0.3 -0.8 8

 9 Life insurance companies 2.1 0.9 -3.1 0.1 -0.8 2.2 0.1 0.1 0.1 0.1 9

10 Private pension funds 2.1 1.9 1.8 2.0 2.9 -0.0 1.0 1.0 6.5 5.3 10

11 State and local govt. retirement funds 1.4 0.3 0.3 0.3 0.5 0.0 0.2 0.2 1.0 0.8 11

12 Funding corporations 0.7 2.6 2.2 4.0 8.0 16.1 17.5 26.8 14.9 13.1 12
34 FFA, 1985-1994, December 9, 2010

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 26.5 48.0 -11.4 23.8 77.8 -24.6 -18.1 38.8 61.6 68.8 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Commercial banking (net) 31.2 19.0 10.3 20.9 37.8 -26.0 -20.9 14.0 31.9 68.7 3

 4 U.S.-chartered commercial banks 26.7 10.6 12.0 16.4 35.6 -34.1 -28.7 13.1 35.8 62.1 4

 5 Foreign banking offices in U.S. 4.5 8.4 -1.7 4.5 2.3 8.4 8.8 0.7 -4.3 6.7 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 -0.0 -0.4 -0.9 0.2 0.4 -0.2 6

 7 Savings institutions -3.0 17.1 28.1 15.9 -46.2 -15.3 -22.9 -1.0 7.5 18.4 7

 8 Life insurance companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 2.1 4.7 9

10 Brokers and dealers (net) -1.8 11.8 -49.8 -13.1 86.1 16.8 25.7 24.0 20.0 -23.0 10

11 Net change in assets 44.1 33.4 7.1 16.5 68.9 30.9 21.0 34.5 18.9 7.0 11

12 Nonfinancial corporate business -0.5 1.7 -1.7 1.6 -2.2 -0.6 -0.5 3.4 -2.6 -0.3 12

13 State and local governments 21.0 4.8 11.9 -1.0 16.1 5.7 6.7 4.6 10.7 -15.1 13

14 Rest of the world (net) 0.8 3.4 2.2 -0.1 10.1 -3.4 1.2 20.9 16.9 -12.0 14

15 Financial sectors 22.9 23.5 -5.4 15.9 44.8 29.2 13.7 5.6 -6.1 34.5 15

16 Monetary authority 3.2 10.8 -11.0 1.9 -4.7 16.2 -2.5 -7.8 5.1 -2.6 16

17 Savings institutions -4.2 -4.8 -0.9 2.5 3.9 -2.5 -6.6 -0.6 -3.9 -4.1 17

18 Credit unions (net) 3.7 2.5 -1.6 0.1 3.1 2.1 -1.4 0.4 -5.1 -2.3 18

19 Property-casualty insurance companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Private pension funds 8.3 1.7 -0.4 2.3 2.1 -1.3 3.7 0.2 0.9 -6.2 20

21 State and local govt. retirement funds 2.5 3.3 3.0 -1.1 -0.5 2.5 6.6 5.8 -4.2 7.4 21

22 Money market mutual funds 3.3 6.0 7.0 2.3 13.1 3.9 8.8 -1.0 0.4 2.4 22

23 Mutual funds 0.1 1.5 0.8 1.3 -0.2 1.4 6.1 9.7 16.8 4.4 23

24 Government-sponsored enterprises (net) 6.0 2.5 -2.2 6.6 28.0 6.9 -1.1 -1.0 -16.2 35.4 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Discrepancy--unallocated assets -17.6 14.6 -18.4 7.3 8.9 -55.5 -39.1 4.3 42.7 61.7 26

F.208 Open Market Paper

Billions of dollars

 1 Total net issues, all types 52.8 26.4 32.3 75.4 65.9 30.7 -44.0 13.1 -5.1 35.7 1

 2 Commercial paper 62.2 32.2 26.8 78.2 70.1 36.0 -29.7 17.0 2.5 38.6 2

 3 Nonfinancial corporate business 14.6 -9.3 1.6 11.9 21.4 9.7 -18.4 8.6 10.0 21.4 3

 4 Foreign issues in U.S. 6.2 11.5 3.8 8.7 13.1 12.3 6.8 5.6 -9.6 -26.1 4

 5 Nonfinancial 1.5 2.2 2.4 -0.6 4.3 4.3 5.5 4.5 -3.1 -12.3 5

 6 Financial 4.7 9.3 1.4 9.3 8.7 8.1 1.2 1.1 -6.5 -13.9 6

 7 Financial sectors 41.4 30.1 21.3 57.6 35.6 13.9 -18.1 2.8 2.1 43.3 7

 8 Commercial banking 2.2 -3.3 1.5 -0.2 4.4 -18.7 -5.8 -3.9 5.2 5.9 8

 9 ABS issuers 0.9 0.9 1.8 1.7 8.9 15.7 7.3 8.1 4.7 12.4 9

10 Finance companies 29.6 21.6 10.7 17.1 8.7 3.1 -8.6 -6.0 -0.1 22.5 10

11 REITs 0.1 0.3 0.4 -0.1 -0.2 -0.2 -0.0 -0.0 -0.3 -0.6 11

12 Funding corporations 8.6 10.6 7.0 39.1 13.8 14.0 -10.9 4.5 -7.3 3.0 12

13 Bankers’ acceptances (1) -9.4 -5.9 5.6 -2.7 -4.2 -5.3 -14.3 -3.9 -7.7 -2.9 13

14 Net purchases, by sector 52.8 26.4 32.3 75.4 65.9 30.7 -44.0 13.1 -5.1 35.7 14

15 Household sector -9.2 -0.3 -0.8 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 15

16 Nonfinancial corporate business 0.7 -0.3 4.8 -1.3 0.6 -0.5 0.9 2.3 2.4 -0.6 16

17 State and local governments 0.0 0.0 0.2 0.5 0.9 2.4 5.0 5.2 3.7 4.4 17

18 Rest of the world -0.2 -0.1 1.0 2.8 2.4 -2.0 0.6 1.6 5.9 6.0 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) -2.9 -1.1 2.6 -1.2 -0.2 2.8 -2.0 -1.4 -1.9 -1.5 20

21 Savings institutions -0.2 1.8 -1.0 0.8 -0.7 -0.0 0.5 -0.7 -0.3 -0.2 21

22 Credit unions 0.1 0.6 -0.3 0.4 0.3 1.2 0.3 0.4 -0.7 -0.1 22

23 Property-casualty insurance companies 2.9 0.1 0.4 1.6 -0.0 1.6 -2.0 2.8 -0.4 -1.1 23

24 Life insurance companies -0.2 5.4 -0.4 5.1 3.6 2.9 0.0 -2.5 3.6 5.9 24

25 Private pension funds 2.4 4.3 7.2 -6.1 -0.7 -0.4 3.3 -0.2 0.7 -6.2 25

26 State and local govt. retirement funds 2.5 3.3 3.0 -1.1 -0.5 2.5 6.6 5.8 -4.2 7.4 26

27 Money market mutual funds 1.1 6.1 5.7 17.4 57.0 19.5 -13.4 -17.0 -9.1 22.7 27

28 Mutual funds -0.5 7.9 3.6 9.1 -0.6 3.7 -16.3 9.7 16.8 4.4 28

29 Government-sponsored enterprises -0.6 -0.0 -0.0 0.4 2.9 0.5 7.1 2.7 -1.7 14.4 29

30 Brokers and dealers -2.8 -2.0 -1.5 0.6 3.0 0.6 -4.4 1.2 -0.3 -3.7 30

31 Funding corporations 59.7 0.8 7.8 8.0 3.6 -10.0 5.1 9.2 -31.9 -21.0 31

(1) Excludes banks’ holdings of own acceptances.
FFA, 1985-1994, December 9, 2010 35

F.209 Treasury Securities

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net issues 225.8 215.6 142.4 137.7 144.7 238.7 292.0 303.8 248.3 155.7 1

 2 Savings bonds 5.3 13.6 7.8 8.5 8.2 8.5 11.9 19.1 14.7 8.0 2

 3 Other Treasury issues 220.5 202.1 134.6 129.2 136.6 230.3 280.1 284.6 233.7 147.7 3

 4 Net purchases 225.8 215.6 142.4 137.7 144.7 238.7 292.0 303.8 248.3 155.7 4

 5 Household sector 11.6 -2.4 33.5 78.5 41.8 96.7 25.1 83.3 49.4 169.8 5

 6 Savings bonds 5.3 13.6 7.8 8.5 8.2 8.5 11.9 19.1 14.7 8.0 6

 7 Other Treasury issues 6.4 -15.9 25.7 70.1 33.7 88.3 13.2 64.2 34.8 161.8 7

 8 Nonfinancial corporate business 4.6 -0.8 -8.5 -3.9 23.5 -13.8 5.8 17.2 -11.8 2.0 8

 9 Nonfarm noncorporate business 0.3 2.0 -1.0 0.5 1.6 0.6 -0.3 0.7 0.6 4.7 9

10 State and local governments 92.7 57.1 41.9 6.6 4.8 41.5 25.0 -17.4 29.6 -77.8 10

11 Rest of the world 19.6 38.2 35.6 62.0 29.8 27.0 33.7 55.6 73.3 65.0 11

12 Monetary authority 18.6 19.8 21.3 14.8 -6.9 8.3 31.4 28.5 37.0 32.5 12

13 Commercial banking 7.9 8.3 -3.3 -9.1 -20.0 6.8 60.4 61.9 27.8 -31.8 13

14 U.S.-chartered commercial banks 7.5 5.9 -3.1 -9.4 -20.3 1.7 50.3 46.6 20.6 -27.0 14

15 Foreign banking offices in U.S. -0.0 2.1 -0.4 0.1 -0.2 5.0 9.4 8.7 6.5 -3.5 15

16 Bank holding companies 0.3 -0.1 0.1 0.0 0.1 -0.2 0.3 5.1 -0.8 -0.7 16

17 Banks in U.S.-affiliated areas 0.1 0.5 0.0 0.2 0.4 0.3 0.3 1.5 1.5 -0.6 17

18 Savings institutions -5.2 3.5 9.6 -10.2 -8.1 -0.9 -0.9 9.0 -5.7 -1.1 18

19 Credit unions 2.4 1.8 3.2 3.3 -2.3 -3.6 5.5 5.9 2.6 -0.5 19

20 Property-casualty insurance companies 5.8 12.7 8.6 9.4 10.8 8.3 23.3 3.5 14.1 9.0 20

21 Life insurance companies 10.5 7.3 -2.0 1.4 -5.7 6.3 18.6 10.2 20.1 -2.9 21

22 Private pension funds 20.2 -15.7 0.2 -0.3 9.7 -0.1 -5.3 -8.5 -4.4 16.8 22

23 State and local govt. retirement funds 17.5 29.9 23.5 11.8 1.7 15.8 -2.7 38.0 13.9 -1.9 23

24 Federal government retirement funds 0.0 0.0 1.1 1.6 2.1 2.5 2.5 2.8 2.8 3.5 24

25 Money market mutual funds -0.8 3.4 -13.7 -2.7 3.2 30.2 33.4 0.2 1.0 -13.3 25

26 Mutual funds 32.2 32.4 12.8 -3.8 1.2 5.7 16.8 6.5 23.6 -3.5 26

27 Closed-end funds 0.1 0.4 0.6 3.2 1.8 0.2 3.1 1.7 2.1 -1.0 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Government-sponsored enterprises 4.1 9.5 4.7 5.3 -13.3 21.3 18.2 17.9 -7.1 0.3 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Brokers and dealers -16.2 8.1 -25.7 -30.7 68.9 -14.2 -1.6 -13.3 -20.7 -14.4 31

 Memo:

32 Federal government borrowing (1) 225.7 216.0 143.9 155.1 146.4 246.9 278.2 304.0 256.1 155.9 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, 1985-1994, December 9, 2010

F.210 Agency- and GSE-backed Securities (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net issues 99.4 179.9 169.5 138.2 151.1 175.6 132.0 156.5 173.1 292.3 1

 2 Budget agencies -0.0 0.4 1.5 17.4 1.6 8.2 -13.8 0.2 7.8 0.2 2

 3 Government-sponsored enterprises 20.6 15.2 30.2 44.9 25.2 17.1 9.2 40.7 80.6 176.9 3

 4 Agency- and GSE-backed mortgage pools 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 4

 5 Net purchases 99.4 179.9 169.5 138.2 151.1 175.6 132.0 156.5 173.1 292.3 5

 6 Household sector -7.7 1.7 7.1 20.2 20.6 35.3 6.4 1.7 -56.8 110.5 6

 7 Nonfinancial corporate business -1.3 -1.7 0.3 3.4 3.1 -5.9 1.8 3.5 10.5 0.8 7

 8 State and local governments 30.5 -1.4 5.2 22.8 30.9 -11.6 11.7 12.2 0.1 11.6 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 4.3 7.0 5.0 6.7 15.1 6.3 10.2 18.3 35.4 21.7 10

11 Monetary authority -0.2 -0.4 -0.3 -0.6 -0.4 -0.2 -0.3 -0.6 -0.8 -1.0 11

12 Commercial banking -1.4 37.6 29.4 30.8 55.2 54.3 50.9 42.8 44.7 5.5 12

13 U.S.-chartered commercial banks -2.9 36.5 27.9 29.3 54.2 52.8 46.3 38.9 36.2 1.8 13

14 Foreign banking offices in U.S. 0.5 1.5 1.2 1.1 0.3 1.9 4.0 2.9 7.4 1.5 14

15 Bank holding companies 1.0 -0.4 0.3 0.0 0.3 -0.5 0.5 -0.2 0.9 1.7 15

16 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.4 0.4 0.1 0.1 1.1 0.2 0.5 16

17 Savings institutions 0.5 46.3 43.6 19.9 -48.4 -23.2 -40.6 -2.0 4.2 12.6 17

18 Credit unions 1.1 1.8 0.0 -1.7 -0.9 8.2 5.2 9.1 7.7 4.5 18

19 Property-casualty insurance companies 7.8 -0.6 0.1 0.2 3.4 5.9 9.7 -0.3 1.3 1.6 19

20 Life insurance companies 12.5 10.6 7.0 8.6 25.0 20.3 42.4 27.7 27.6 11.3 20

21 Private pension funds 22.5 -8.0 13.1 14.4 23.8 22.6 12.9 10.5 14.2 40.9 21

22 State and local govt. retirement funds -5.2 0.0 4.8 -7.6 15.9 11.6 -4.8 -18.3 -4.0 4.1 22

23 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.1 23

24 Money market mutual funds 1.1 -3.0 11.7 -8.6 2.7 15.6 4.2 13.6 13.5 9.4 24

25 Mutual funds 20.7 37.3 2.8 -3.4 1.6 8.1 24.1 50.3 25.7 -6.9 25

26 Government-sponsored enterprises 0.1 -0.6 -0.1 0.2 5.9 5.6 11.1 12.7 18.6 64.8 26

27 ABS issuers 9.0 43.4 28.2 25.4 -8.0 4.1 -23.0 -23.0 23.6 23.0 27

28 REITs 0.2 5.0 6.5 2.5 0.9 -1.1 0.1 -0.7 -0.3 -6.4 28

29 Brokers and dealers 4.9 4.9 4.9 4.9 4.9 19.6 10.0 -1.0 7.8 -15.8 29

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie 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, 1985-1994, December 9, 2010 37

F.211 Municipal Securities and Loans

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 208.2 59.9 91.6 55.4 49.8 48.8 93.5 23.3 66.3 -35.9 1

 2 State and local governments 155.4 72.8 92.8 53.7 47.6 46.2 90.8 16.6 58.7 -45.9 2

 3 Short-term (1) 2.2 -0.1 -0.8 2.0 3.3 2.9 6.9 -1.1 1.8 -2.2 3

 4 Long-term 153.2 72.9 93.6 51.7 44.3 43.2 83.9 17.7 56.9 -43.8 4

 5 Nonprofit organizations (2) 30.2 -3.0 -0.3 1.5 3.2 3.0 3.8 2.4 1.1 3.2 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 22.6 -9.9 -0.9 0.2 -0.9 -0.3 -1.2 4.3 6.6 6.8 6

 7 Net change in assets 208.2 59.9 91.6 55.4 49.8 48.8 93.5 23.3 66.3 -35.9 7

 8 Household sector 103.6 15.2 105.6 56.8 27.9 34.7 54.7 -28.3 -29.8 -46.5 8

 9 Nonfinancial corporate business 3.1 -0.5 -5.7 -2.6 15.6 -7.7 20.1 1.0 8.9 2.0 9

10 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.1 10

11 State and local governments 0.6 0.8 -0.2 0.1 0.5 0.8 0.0 -1.1 -1.0 -0.9 11

12 Rest of the world 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 12

13 Commercial banking 57.1 -28.4 -29.1 -22.7 -17.8 -16.4 -14.2 -5.7 1.7 -1.6 13

14 Savings institutions 0.6 -0.3 -0.0 0.2 -0.2 0.4 -0.6 -0.4 0.1 -0.1 14

15 Property-casualty insurance companies 3.8 13.3 23.0 8.9 0.1 1.8 -10.7 6.3 10.4 7.4 15

16 Life insurance companies 1.0 2.0 -1.0 -1.6 -0.1 3.3 -2.1 1.1 3.2 -1.9 16

17 State and local govt. retirement funds -0.4 -0.4 0.1 -0.3 -0.3 0.2 0.1 -0.2 0.9 -0.3 17

18 Money market mutual funds 12.5 27.6 -2.3 4.3 4.0 13.9 6.6 5.4 9.6 7.8 18

19 Mutual funds 15.8 32.1 7.9 8.1 15.7 13.9 27.2 28.7 42.9 -4.3 19

20 Closed-end funds 1.0 1.1 1.3 4.2 4.6 2.0 11.3 14.3 12.1 1.6 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 0.4 0.7 0.2 0.5 -0.0 0.8 -0.7 0.2 -0.1 2.0 22

23 Brokers and dealers 8.9 -3.3 -8.4 -0.8 -0.4 0.8 1.6 1.9 5.8 -1.7 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 143.4 222.5 164.7 162.2 119.5 123.0 165.7 167.4 278.3 153.7 1

 2 Nonfinancial corporate business 83.2 127.1 78.8 103.1 73.8 47.1 78.8 67.6 75.2 23.3 2

 3 Rest of the world (1) 3.8 3.1 7.4 6.9 4.9 21.4 15.0 16.8 82.9 14.9 3

 4 Financial sectors 56.5 92.3 78.6 52.2 40.8 54.5 72.0 83.0 120.2 115.5 4

 5 Commercial banking 18.9 16.1 13.5 5.1 4.7 -4.8 4.2 14.5 7.2 7.7 5

 6 Savings institutions 4.6 4.9 4.4 1.9 -3.4 -5.6 -4.1 -3.2 -1.5 -0.8 6

 7 ABS issuers (net) (3) 15.0 36.7 41.8 34.4 18.0 43.7 46.4 48.1 77.8 57.9 7

 8 Finance companies 14.7 26.3 9.6 5.9 15.6 16.8 14.8 8.9 12.5 31.7 8

 9 REITs 0.9 4.8 6.8 1.8 1.0 0.1 -0.1 0.3 -1.4 -1.6 9

10 Brokers and dealers 0.3 2.1 -0.1 4.3 6.3 1.5 3.7 2.7 12.0 0.5 10

11 Funding corporations 2.1 1.4 2.7 -1.1 -1.3 2.9 6.9 11.7 13.6 20.0 11

12 Net purchases 143.4 222.5 164.7 162.2 119.5 123.0 165.7 167.4 278.3 153.7 12

13 Household sector 46.5 31.9 32.0 -11.8 5.3 47.1 28.8 -2.2 6.0 27.0 13

14 State and local governments 3.0 2.0 2.0 1.0 2.0 1.0 2.0 2.9 5.6 5.4 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) 36.1 38.9 18.6 14.7 13.1 5.8 18.2 16.6 30.2 37.8 16

17 Commercial banking 9.2 22.2 24.8 10.9 4.3 4.6 7.6 -1.6 3.5 4.3 17

18 Savings institutions 3.1 7.3 8.5 16.2 -14.4 -15.3 -2.9 7.3 9.1 -2.4 18

19 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Property-casualty insurance companies 7.7 13.0 7.4 10.1 13.6 10.4 7.4 -1.2 3.3 7.2 20

21 Life insurance companies 37.8 40.8 66.9 68.4 52.8 56.5 25.4 55.0 58.3 59.9 21

22 Private pension funds -26.2 26.8 -3.9 5.5 12.1 19.8 21.2 27.8 27.2 -6.6 22

23 State and local govt. retirement funds 4.8 11.7 0.4 18.7 14.4 -10.5 2.6 12.2 22.1 0.1 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 24

25 Money market mutual funds 0.2 0.8 0.4 0.1 1.4 -1.7 1.8 2.5 5.4 3.4 25

26 Mutual funds 8.0 20.2 4.1 3.2 4.8 4.7 28.4 31.0 50.6 3.2 26

27 Closed-end funds 0.3 1.4 2.1 10.4 0.1 -0.9 -1.6 4.2 5.8 -4.4 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.1 8.9 29

30 Finance companies 3.7 5.1 5.7 4.8 6.1 5.4 14.8 1.9 13.6 7.6 30

31 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.2 1.0 31

32 Brokers and dealers 9.2 0.3 -4.4 9.8 3.7 -4.0 12.0 10.0 22.2 -8.7 32

33 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0 10.0 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, 1985-1994, December 9, 2010

F.213 Corporate Equities (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net issues -70.4 -69.1 -62.8 -105.5 -103.3 -48.9 71.2 99.6 135.8 13.1 1

 2 Nonfinancial corporate business -84.5 -85.0 -75.5 -129.5 -124.2 -63.0 18.3 27.0 21.3 -44.9 2

 3 Rest of the world (2) 3.7 1.2 -2.1 1.1 17.2 7.4 30.7 32.4 63.4 48.1 3

 4 Financial sectors 10.5 14.7 14.9 22.9 3.6 6.7 22.3 40.2 51.1 9.9 4

 5 Commercial banking 1.4 1.4 1.5 2.5 1.5 9.0 15.7 20.2 7.3 -3.3 5

 6 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Property-casualty insurance companies 1.5 2.2 -2.0 -2.1 -1.6 -3.8 -2.6 -1.0 3.6 -3.5 7

 8 Life insurance companies -0.1 0.6 -0.9 -0.1 -0.6 -1.4 -0.1 0.6 -0.8 -1.7 8

 9 Closed-end funds 1.0 5.8 7.3 20.6 6.3 1.4 14.6 20.2 23.7 2.4 9

10 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 -0.0 10

11 REITs 3.2 1.8 1.4 2.2 1.8 1.3 1.6 2.0 13.2 11.1 11

12 Government-sponsored enterprises 1.0 0.7 1.3 1.1 -0.8 -3.2 -1.2 0.0 2.4 0.3 12

13 Brokers and dealers 2.5 2.2 6.3 -1.2 -3.0 3.4 -5.7 -1.9 1.3 4.7 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 -70.4 -69.1 -62.8 -105.5 -103.3 -48.9 71.2 99.6 135.8 13.1 15

16 Household sector -130.1 -122.6 -143.8 -122.3 -110.1 -50.8 -53.9 27.2 -118.7 -145.3 16

17 State and local governments 0.0 0.2 0.5 0.9 1.1 1.8 0.0 1.0 0.8 1.5 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) 4.4 17.9 15.0 -2.9 8.6 -16.7 3.8 -17.5 10.4 -11.5 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 0.1 0.0 -0.1 -0.0 -0.1 -2.5 1.7 -0.4 0.9 -1.4 21

22 Savings institutions -0.1 2.1 1.4 2.0 0.4 -2.5 -1.1 0.3 1.7 -1.8 22

23 Property-casualty insurance companies -2.0 -0.3 2.7 3.6 7.9 -7.0 -1.2 -0.4 0.8 0.8 23

24 Life insurance companies 4.8 -2.1 5.7 -3.4 9.7 -5.7 17.0 12.4 41.1 42.5 24

25 Private pension funds 11.3 -12.9 0.1 6.8 -33.9 0.6 12.8 2.7 36.3 -3.1 25

26 State and local govt. retirement funds 28.6 24.0 32.4 22.9 14.0 22.5 39.1 13.8 33.3 26.1 26

27 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.3 0.5 1.2 1.7 1.7 27

28 Mutual funds 10.3 20.2 26.9 -16.0 1.2 14.4 48.5 59.8 115.3 100.8 28

29 Closed-end funds -0.4 2.9 3.3 2.8 -0.3 0.1 1.8 -0.0 3.7 6.1 29

30 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 -0.0 30

31 Brokers and dealers 2.6 1.4 -7.1 0.1 -1.9 -3.3 2.4 -0.6 8.1 -3.4 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 86.5 153.3 60.2 -1.6 27.4 53.7 133.9 190.5 292.0 100.6 1

 2 Net purchases 86.5 153.3 60.2 -1.6 27.4 53.7 133.9 190.5 292.0 100.6 2

 3 Household sector 79.7 139.4 59.0 -1.7 27.3 31.5 102.7 133.3 227.5 3.2 3

 4 Nonfinancial corporate business 3.7 3.8 -2.7 -2.7 -1.4 -1.0 2.4 5.0 6.8 2.1 4

 5 State and local governments 0.0 0.0 0.0 0.1 1.4 3.5 2.8 4.6 5.1 8.2 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 5.9 11.1 9.8 11.6 6

 7 Commercial banking 0.0 0.0 0.0 0.0 -0.1 -0.3 1.8 -0.4 0.5 -1.9 7

 8 Credit unions 0.0 0.0 -0.0 -0.4 -0.1 0.2 1.2 1.5 0.1 -1.6 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 9

10 Life insurance companies 1.1 10.2 -2.2 5.7 -4.1 12.6 1.0 9.0 1.5 4.4 10

11 Private pension funds 2.0 1.8 2.2 -0.5 5.1 6.6 11.2 22.2 34.6 55.3 11

12 State and local govt. retirement funds 0.0 -1.9 3.9 -2.1 -0.6 0.5 5.0 4.3 6.1 19.1 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, 1985-1994, December 9, 2010 39

F.215 Bank Loans Not Elsewhere Classified

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 Total loans by commercial

 1 banking, flow of funds basis 136.0 158.1 102.9 148.4 161.9 83.6 -3.1 18.5 83.6 183.5 1

 - Loans elsewhere classified:

 2 Open market paper -2.9 -1.1 2.6 -1.2 -0.2 2.8 -2.0 -1.4 -1.9 -1.5 2

 3 Mortgages 49.9 73.5 90.1 82.1 93.8 78.6 31.9 19.2 47.3 64.9 3

 4 Consumer credit 38.4 23.0 13.9 26.7 22.5 -1.3 -11.8 -7.3 32.8 63.1 4

 5 Security credit 11.0 -5.8 -5.3 -0.5 4.3 -2.0 10.6 16.9 12.7 -5.7 5

 6 = Banking sector total bank loans n.e.c. 39.6 68.6 1.5 41.2 41.5 5.5 -31.8 -8.9 -7.2 62.8 6

 7 U.S.-chartered commercial banks 27.8 45.0 -16.2 20.5 25.8 -4.5 -56.2 -19.4 8.8 46.2 7

 8 Foreign banking offices in U.S. 10.5 21.9 17.4 20.5 14.0 6.9 29.3 9.9 -13.7 15.0 8

 9 Bank holding companies -0.7 1.5 0.5 -0.3 1.6 -0.2 -1.9 0.4 -1.8 -0.1 9

10 Banks in U.S.-affiliated areas 2.1 0.2 -0.1 0.4 0.1 3.3 -3.0 0.2 -0.5 1.7 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. 39.6 68.6 1.5 41.2 41.5 5.5 -31.8 -8.9 -7.2 62.8 12

13 Net change in liabilities 39.6 68.6 1.5 41.2 41.5 5.5 -31.8 -8.9 -7.2 62.8 13

14 Nonfinancial sectors 39.9 56.2 9.8 38.5 28.1 1.4 -39.2 -9.7 7.1 76.5 14

15 Household sector 9.0 -0.0 0.9 -1.9 -9.6 -2.6 -4.8 4.5 9.8 13.4 15

16 Corporate business 31.9 57.0 4.0 32.8 24.9 2.7 -37.8 -19.3 -8.0 46.1 16

17 Nonfarm noncorporate business 6.2 4.6 10.7 8.6 11.9 2.1 -1.4 2.7 2.5 13.8 17

18 Farm business -4.4 -4.3 -2.2 0.8 1.0 2.1 1.7 0.1 2.1 1.9 18

19 Rest of the world -2.8 -1.0 -3.6 -1.8 -0.1 -2.9 3.1 2.3 0.7 1.4 19

20 Foreign official institutions -1.4 -0.0 -0.9 -0.5 -1.4 -0.5 -0.4 1.0 -1.0 -0.2 20

21 Foreign banks -1.3 1.0 -2.9 0.0 0.7 -2.7 1.0 0.7 1.2 0.0 21

22 Other foreign -0.1 -2.1 0.2 -1.3 0.5 0.4 2.5 0.6 0.5 1.6 22

23 Financial sectors -0.2 12.3 -8.3 2.7 13.5 4.0 7.3 0.7 -14.4 -13.7 23

24 Savings institutions 1.9 -0.6 -0.5 0.1 -0.7 0.5 -0.7 -0.0 -0.5 0.9 24

25 Finance companies -2.5 12.6 -8.3 1.0 13.2 3.2 7.4 2.0 -13.7 -17.1 25

26 REITs 0.3 0.3 0.5 1.6 1.0 0.3 0.6 -1.3 -0.2 2.5 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, 1985-1994, December 9, 2010

F.216 Other Loans and Advances

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total other loans and advances 50.9 68.5 63.3 62.5 34.8 26.6 -105.4 -0.4 -10.8 62.9 1

 2 U.S. government loans 15.9 9.0 -2.9 -7.8 -2.3 -1.9 -4.9 0.0 -10.5 1.9 2

 3 Liab.: Household sector 7.0 4.4 3.3 3.9 0.5 3.0 2.2 0.7 -4.4 3.2 3

 4 Nonfinancial corporate business -2.6 1.5 0.1 -1.0 -0.4 -0.8 -0.8 -0.1 -1.5 3.8 4

 5 Nonfarm noncorporate business 0.5 0.7 -0.6 0.6 -0.1 -1.3 0.1 -0.3 -1.8 1.0 5

 6 Farm business 0.4 -0.2 -0.4 -3.9 0.3 0.2 -1.4 -0.4 -1.0 -0.6 6

 7 State and local governments 8.2 1.4 -2.4 -3.3 -0.2 0.9 0.4 -0.1 -0.7 0.4 7

 8 Rest of the world 1.4 1.5 -2.3 -4.0 -2.3 -3.8 -5.4 0.2 -1.1 -1.1 8

 9 Government-sponsored enterprises 1.1 -0.4 -0.8 0.0 0.0 -0.1 -0.0 -0.0 0.0 -4.8 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 7.4 21.6 0.5 21.9 22.4 50.1 -47.3 4.9 -15.8 1.6 12

13 Liab.: Nonfinancial corporate business 7.4 21.6 0.5 21.9 22.4 50.1 -47.3 4.9 -15.8 1.6 13

 Customers’ liability on acceptances

14 outstanding (Commercial banking asset) -9.5 -5.6 5.4 -2.3 -2.1 -9.8 -10.2 -3.6 -6.4 -2.4 14

15 Liab.: Nonfinancial corporate business -2.1 -0.2 4.4 0.0 3.2 -6.6 -5.9 -2.9 -3.3 -2.1 15

16 Rest of the world -7.4 -5.4 1.0 -2.4 -5.3 -3.2 -4.4 -0.7 -3.1 -0.3 16

17 Savings institution loans to business 8.7 10.5 1.1 3.4 -1.8 -12.7 -10.6 -10.1 -1.6 -0.5 17

18 Liab.: Nonfinancial corporate business 4.3 5.2 0.5 1.7 -0.9 -6.3 -5.3 -5.0 -0.8 -0.3 18

19 Nonfarm noncorporate business 4.3 5.2 0.5 1.7 -0.9 -6.3 -5.3 -5.0 -0.8 -0.3 19

20 Credit unions loans to business 0.0 0.0 0.0 0.0 0.0 -0.9 -1.1 -1.9 0.2 0.9 20

21 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 -0.5 -0.5 -1.0 0.1 0.4 21

22 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 -0.5 -0.5 -1.0 0.1 0.4 22

23 Policy loans (Household liability) -0.1 -0.1 -0.0 -0.0 3.2 4.1 4.8 5.7 5.6 7.8 23

24 Asset: Federal government -0.0 0.2 0.4 -0.7 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 24

25 Life insurance companies -0.1 -0.3 -0.4 0.6 3.2 4.1 4.8 5.7 5.7 7.8 25

26 Govt.-sponsored enterprises loans (1) 10.3 17.6 25.0 18.8 -8.6 -23.1 -34.1 0.6 23.8 23.6 26

27 Liab.: Household sector (SLMA) 0.1 0.0 0.1 -0.0 -0.0 0.3 0.4 -0.2 0.1 0.1 27

28 Noncorporate business (FCS) -1.0 -0.7 0.8 1.6 0.0 0.2 1.4 1.2 1.2 0.0 28

29 Farm business (FCS) -3.9 -2.3 -1.6 -2.3 1.9 0.3 1.4 0.2 0.2 0.8 29

30 Commercial banks (FHLB and SLMA) 0.7 0.6 1.0 -0.2 0.4 2.0 2.7 3.2 8.6 9.3 30

31 Savings institutions (FHLB and SLMA) 14.5 20.0 24.8 19.6 -10.8 -25.9 -39.9 -3.8 13.3 12.7 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 33

34 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.6 3.6 2.5 2.9 9.7 4.3 34

35 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.6 3.6 2.5 2.9 9.7 4.3 35

36 Finance company loans to business 18.3 15.6 34.3 28.6 23.5 17.4 -4.3 1.1 -15.9 25.9 36

37 Liab.: Nonfinancial corporate business 16.4 14.0 30.8 25.8 21.1 15.6 -3.9 1.0 -14.3 23.3 37

38 Nonfarm noncorporate business 1.8 1.6 3.4 2.9 2.3 1.7 -0.4 0.1 -1.6 2.6 38

39 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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.
FFA, 1985-1994, December 9, 2010 41

F.217 Total Mortgages

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in mortgages 259.8 287.0 321.2 322.6 265.1 226.5 147.5 111.0 117.2 164.4 1

 2 Home 179.9 203.3 240.3 223.8 226.4 208.2 164.4 167.4 156.6 177.2 2

 3 Multifamily residential 28.5 33.5 16.9 18.2 10.5 -1.2 -3.3 -13.2 -4.7 0.5 3

 4 Commercial 69.8 60.3 72.3 85.6 30.3 20.6 -13.4 -43.7 -35.3 -14.8 4

 5 Farm -18.3 -10.0 -8.3 -5.0 -2.1 -1.1 -0.2 0.4 0.6 1.5 5

 6 Net borrowing 259.8 287.0 321.2 322.6 265.1 226.5 147.5 111.0 117.2 164.4 6

 7 Household sector 183.7 204.0 227.7 221.5 238.7 209.9 187.5 178.5 164.0 159.2 7

 8 Nonfinancial business 76.2 82.8 93.2 100.8 26.1 16.1 -40.5 -68.0 -50.4 -4.5 8

 9 Corporate 7.1 16.1 46.2 25.7 -5.3 20.7 -13.3 -38.1 -28.5 -0.4 9

10 Nonfarm noncorporate 87.4 76.7 55.3 80.0 33.4 -3.5 -27.0 -30.3 -22.4 -5.6 10

11 Farm -18.3 -10.0 -8.3 -5.0 -2.1 -1.1 -0.2 0.4 0.6 1.5 11

12 Federal government -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.0 12

13 REITs 0.1 0.3 0.3 0.3 0.3 0.6 0.5 0.6 3.6 9.8 13

14 Net change in assets 259.8 287.0 321.2 322.6 265.1 226.5 147.5 111.0 117.2 164.4 14

15 Household sector 4.0 -3.6 14.4 2.3 8.9 10.2 1.8 -5.9 -7.4 -8.5 15

16 Nonfinancial corporate business 5.6 -6.9 1.4 16.6 -13.7 -1.6 6.2 1.1 -7.8 4.1 16

17 Nonfarm noncorporate business 4.7 0.7 -6.8 9.9 -12.7 -4.1 -5.0 -0.9 -3.3 2.0 17

18 State and local governments 9.8 11.8 8.7 4.0 6.3 5.3 3.5 -0.0 -5.4 2.2 18

19 Federal government 1.8 0.5 -5.3 -1.1 -0.7 35.6 15.4 -11.9 -15.4 -14.0 19

20 Commercial banking 49.9 73.5 90.1 82.1 93.8 78.6 31.9 19.2 47.3 64.9 20

21 Savings institutions (1) 55.5 19.2 52.9 68.8 -20.8 -99.5 -96.3 -77.4 -29.5 -2.2 21

22 Credit unions 3.6 8.2 10.5 8.2 6.8 5.8 4.2 2.9 1.9 5.2 22

23 Property-casualty insurance companies 0.7 1.0 0.6 0.6 0.9 0.4 -0.4 -0.6 -1.4 -0.7 23

24 Life insurance companies 15.1 22.0 18.5 20.5 21.4 13.6 -8.4 -17.5 -18.1 -8.1 24

25 Private pension funds 4.3 -2.8 -3.1 8.5 6.6 1.6 -6.7 -3.7 -1.6 -5.2 25

26 State and local govt. retirement funds 0.1 0.2 -0.2 0.3 -0.3 0.8 0.8 -0.4 -1.9 0.7 26

27 Government-sponsored enterprises (1) 9.6 -12.0 -8.3 5.0 6.0 5.7 11.5 32.1 41.3 3.6 27

28 Agency- and GSE-backed mortgage pools 78.9 164.3 137.8 75.9 124.3 150.3 136.6 115.6 84.7 115.3 28

29 ABS issuers 6.0 -6.7 13.6 9.0 12.2 13.4 43.5 54.8 36.4 20.3 29

30 Finance companies 8.0 17.5 -4.7 10.3 26.6 11.2 9.5 2.7 -3.1 -19.8 30

31 REITs 2.4 0.0 1.0 1.7 -0.3 -0.7 -0.7 1.1 0.6 4.7 31

(1) FHLB loans to savings institutions are included in other loans and advances.
42 FFA, 1985-1994, December 9, 2010

F.218 Home Mortgages (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net borrowing 179.9 203.3 240.3 223.8 226.4 208.2 164.4 167.4 156.6 177.2 1

 2 Household sector 181.5 198.8 221.5 215.7 224.9 200.1 174.6 173.1 156.3 166.5 2

 3 Nonfinancial corporate business -1.1 0.0 1.1 1.1 -0.2 1.1 -2.5 -1.6 -0.4 1.3 3

 4 Nonfarm noncorporate business -0.5 4.5 17.6 7.0 1.7 7.0 -7.7 -4.0 0.7 9.4 4

 5 Net change in assets 179.9 203.3 240.3 223.8 226.4 208.2 164.4 167.4 156.6 177.2 5

 6 Household sector 10.3 0.3 17.8 5.6 9.0 11.3 1.5 -7.4 -9.0 -9.0 6

 7 Nonfinancial corporate business 3.7 3.6 3.9 -1.5 8.9 5.6 3.0 -0.3 -5.2 1.8 7

 8 Nonfarm noncorporate business 0.6 0.2 -2.3 5.8 -5.5 -2.6 -0.7 0.6 -1.3 0.7 8

 9 State and local governments 5.9 3.9 1.2 2.5 4.7 3.6 2.0 -0.6 -6.0 1.0 9

10 Federal government 0.9 -0.7 -3.3 0.3 0.3 16.6 -0.9 -0.5 -6.0 -3.9 10

11 Commercial banking 18.6 21.2 37.2 54.4 50.6 56.9 22.4 26.6 53.6 58.1 11

12 Savings institutions 30.5 6.6 43.4 57.8 -9.0 -60.0 -61.8 -48.7 -19.6 7.6 12

13 Credit unions 3.6 8.2 10.5 8.2 6.8 5.8 4.2 2.9 1.9 5.2 13

14 Life insurance companies -0.5 0.5 0.4 -2.0 1.1 1.4 -2.9 0.5 -2.7 0.1 14

15 Private pension funds 0.7 -0.5 -2.6 1.4 2.6 0.0 -1.5 -0.8 -0.0 0.5 15

16 State and local govt. retirement funds -0.1 -0.6 0.3 -0.1 0.0 0.1 0.2 -0.3 0.1 0.4 16

17 Government-sponsored enterprises 17.2 -5.7 -3.1 6.2 5.1 5.3 11.2 30.3 40.0 3.0 17

18 Agency- and GSE-backed mortgage pools 77.6 159.3 133.4 70.7 120.2 147.3 139.3 117.8 86.1 115.3 18

19 ABS issuers 5.4 -7.4 11.2 7.1 8.5 11.7 38.1 45.5 25.6 15.1 19

20 Finance companies 5.4 14.2 -7.8 7.3 23.1 5.1 10.2 1.1 -2.3 -21.5 20

21 REITs 0.1 -0.0 0.0 0.1 -0.0 -0.0 -0.1 0.8 1.1 2.8 21

 Memo:

22 Home equity loans included above (2) ND ND ND ND ND ND 7.3 -4.9 -6.7 11.4 22

23 Commercial banking ND ND ND ND ND ND 7.7 -0.1 -1.4 8.4 23

24 Savings institutions ND ND ND ND ND ND -1.4 -5.2 -3.8 -0.4 24

25 Credit unions ND ND ND ND ND ND 1.2 -0.8 -1.3 1.6 25

26 ABS issuers ND ND ND ND ND ND 0.3 0.5 0.6 0.6 26

27 Finance companies 2.6 3.2 4.1 2.3 -13.2 3.0 -0.5 0.7 -0.9 1.2 27

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 28.5 33.5 16.9 18.2 10.5 -1.2 -3.3 -13.2 -4.7 0.5 1

 2 Nonfinancial corporate business 0.5 0.6 0.6 0.5 0.5 0.5 0.5 -0.5 -1.5 -2.2 2

 3 Nonfarm noncorporate business 28.0 32.8 16.2 17.6 9.8 -1.9 -3.9 -12.9 -4.4 -0.5 3

 4 Federal government -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.0 4

 5 REITs 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.2 1.2 3.2 5

 6 Net change in assets 28.5 33.5 16.9 18.2 10.5 -1.2 -3.3 -13.2 -4.7 0.5 6

 7 Household sector 0.4 1.0 -2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business -0.2 1.0 2.0 -3.1 2.0 -1.7 -1.0 -0.2 0.1 0.4 8

 9 Nonfarm noncorporate business 0.7 1.0 -0.9 2.5 -3.2 0.8 -0.6 -0.0 -1.1 0.6 9

10 State and local governments 3.2 7.0 7.0 1.1 1.2 1.0 1.0 0.7 0.4 0.7 10

11 Federal government 0.0 0.7 0.4 0.3 0.5 10.6 8.9 -4.2 -4.5 -2.6 11

12 Commercial banking 3.1 7.7 1.4 0.9 4.7 -2.3 -0.5 1.1 0.8 0.9 12

13 Savings institutions 14.5 7.2 4.6 5.6 -4.8 -14.2 -11.9 -10.1 -2.4 -3.0 13

14 Life insurance companies 1.0 1.1 1.6 2.0 2.3 2.1 0.4 -2.1 0.3 0.3 14

15 Private pension funds 1.6 0.3 -1.1 1.1 1.3 -2.8 -0.3 -0.2 -0.0 0.3 15

16 State and local govt. retirement funds -0.0 0.0 -0.4 -0.2 -0.3 -0.2 -0.2 -0.7 -0.1 0.2 16

17 Government-sponsored enterprises 1.9 0.3 -0.3 1.1 2.5 1.2 1.0 1.6 1.7 0.9 17

18 Agency- and GSE-backed mortgage pools 1.5 5.1 4.5 5.2 4.1 3.0 -2.6 -2.3 -1.4 -0.0 18

19 ABS issuers 0.0 0.2 0.4 0.4 -0.0 -0.1 2.9 2.8 1.8 1.4 19

20 Finance companies 0.4 0.9 -0.6 0.5 0.2 1.5 -0.2 0.4 -0.0 0.2 20

21 REITs 0.4 0.0 0.3 0.5 -0.1 -0.2 -0.1 0.0 -0.3 0.2 21
FFA, 1985-1994, December 9, 2010 43

F.220 Commercial Mortgages

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net borrowing 69.8 60.3 72.3 85.6 30.3 20.6 -13.4 -43.7 -35.3 -14.8 1

 2 Household sector 2.2 5.2 6.1 5.8 13.8 9.7 12.9 5.4 7.7 -7.4 2

 3 Nonfinancial corporate business 7.7 15.5 44.5 24.1 -5.6 19.1 -11.3 -36.0 -26.6 0.5 3

 4 Nonfarm noncorporate business 59.8 39.4 21.5 55.5 21.9 -8.6 -15.3 -13.4 -18.7 -14.5 4

 5 REITs 0.0 0.2 0.2 0.2 0.2 0.4 0.3 0.4 2.4 6.6 5

 6 Net change in assets 69.8 60.3 72.3 85.6 30.3 20.6 -13.4 -43.7 -35.3 -14.8 6

 7 Household sector 0.9 -1.1 1.9 -0.8 0.9 -0.7 -0.1 0.9 0.9 -0.1 7

 8 Nonfinancial corporate business 2.0 -11.5 -4.6 21.3 -24.7 -5.5 4.2 1.5 -2.6 2.0 8

 9 Nonfarm noncorporate business 3.4 -0.5 -3.6 1.6 -4.0 -2.2 -3.7 -1.4 -0.9 0.5 9

10 State and local governments 0.7 0.7 0.6 0.4 0.4 0.7 0.6 -0.1 0.2 0.5 10

11 Federal government 0.3 0.2 -1.8 -1.3 -0.9 9.0 7.7 -6.6 -4.5 -7.3 11

12 Commercial banking 28.2 43.6 50.2 26.1 37.4 23.4 9.1 -9.6 -7.9 4.6 12

13 Savings institutions 10.3 5.3 4.8 5.4 -7.1 -25.2 -22.4 -18.5 -7.5 -6.8 13

14 Property-casualty insurance companies 0.7 1.0 0.6 0.6 0.9 0.4 -0.4 -0.6 -1.4 -0.7 14

15 Life insurance companies 16.5 21.4 17.6 20.8 17.9 9.6 -5.6 -15.1 -16.0 -8.5 15

16 Private pension funds 1.9 -2.6 0.6 5.9 2.7 4.3 -4.9 -2.7 -1.5 -6.0 16

17 State and local govt. retirement funds 0.2 0.8 -0.1 0.5 -0.1 0.9 0.8 0.6 -1.9 0.1 17

18 Agency- and GSE-backed mortgage pools 0.0 0.1 -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 18

19 ABS issuers 0.6 0.6 2.0 1.5 3.7 1.8 2.4 6.5 9.0 3.8 19

20 Finance companies 2.1 2.3 3.6 2.5 3.3 4.6 -0.6 1.2 -0.8 1.5 20

21 REITs 1.9 0.0 0.7 1.1 -0.2 -0.5 -0.5 0.3 -0.3 1.7 21

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing (Farm business) -18.3 -10.0 -8.3 -5.0 -2.1 -1.1 -0.2 0.4 0.6 1.5 1

 2 Net change in assets -18.3 -10.0 -8.3 -5.0 -2.1 -1.1 -0.2 0.4 0.6 1.5 2

 3 Household sector -7.5 -3.8 -3.2 -2.5 -1.0 -0.4 0.4 0.6 0.7 0.7 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 -0.0 -0.1 0.0 4

 5 State and local governments 0.0 0.2 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 5

 6 Federal government 0.6 0.3 -0.5 -0.4 -0.6 -0.7 -0.4 -0.6 -0.5 -0.3 6

 7 Commercial banking -0.1 1.0 1.4 0.7 1.1 0.5 0.9 1.2 0.8 1.3 7

 8 Savings institutions 0.2 -0.0 0.1 -0.1 -0.0 -0.2 -0.1 -0.1 -0.0 -0.0 8

 9 Life insurance companies -1.9 -0.9 -1.0 -0.4 0.0 0.5 -0.2 -0.7 0.2 0.0 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises -9.5 -6.5 -4.9 -2.3 -1.5 -0.9 -0.7 0.1 -0.5 -0.3 11

12 Agency- and GSE-backed mortgage pools -0.2 -0.2 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 12

(1) Excludes mortgages on farm houses.
44 FFA, 1985-1994, December 9, 2010

F.222 Consumer Credit

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities (Households) 84.0 55.8 32.3 46.6 47.0 15.1 -8.8 9.2 61.4 135.0 1

 2 Net change in assets 84.0 55.8 32.3 46.6 47.0 15.1 -8.8 9.2 61.4 135.0 2

 3 Nonfinancial corporate business 4.1 4.5 7.0 6.7 3.1 3.3 -4.2 2.8 20.6 9.4 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 6.5 5

 6 Commercial banking 38.4 23.0 13.9 26.7 22.5 -1.3 -11.8 -7.3 32.8 63.1 6

 7 Savings institutions 13.4 5.3 2.4 1.4 -4.2 -12.9 -7.5 -4.8 0.5 0.6 7

 8 Credit unions 6.1 3.1 4.0 7.3 3.3 -0.1 -1.3 1.4 9.9 18.0 8

 9 Government-sponsored enterprises 1.2 1.4 1.9 3.2 2.8 3.2 1.9 3.1 2.6 3.6 9

10 ABS issuers 0.0 0.0 0.0 0.0 20.2 29.3 26.3 17.3 10.2 15.6 10

11 Finance companies 20.7 18.6 3.1 1.2 -0.7 -6.5 -12.2 -3.3 -15.6 18.3 11

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 66.0 21.4 73.5 91.9 62.9 41.6 43.3 59.1 68.8 108.5 1

 2 Household sector 3.1 2.3 4.7 2.4 16.2 9.3 9.4 5.9 6.0 5.2 2

 3 Nonfinancial corporate business 43.0 -1.7 44.4 53.7 21.8 28.4 23.1 33.4 36.4 77.3 3

 4 Nonfarm noncorporate business 5.4 1.7 5.4 2.4 5.5 1.3 -0.3 6.9 0.7 6.5 4

 5 Farm business -7.2 -4.1 -0.3 5.1 -3.2 -1.4 -0.8 -0.6 0.9 1.1 5

 6 State and local governments 8.7 9.8 10.2 10.9 11.8 12.9 13.7 14.4 15.1 16.0 6

 7 Federal government 10.6 14.6 7.5 8.0 8.6 -5.8 -5.5 -2.8 3.0 -0.2 7

 8 Rest of the world -0.2 -0.8 2.5 7.7 2.8 -1.2 3.1 1.4 4.1 3.6 8

 9 Brokers and dealers 2.5 -0.4 -0.8 1.7 -0.5 -1.9 0.7 0.6 2.7 -0.9 9

10 Net change in trade receivables 60.5 16.0 82.5 118.1 62.9 49.6 -5.0 37.0 48.3 100.5 10

11 Nonfinancial corporate business 45.2 2.1 63.9 90.6 42.1 29.2 -5.8 27.6 37.0 71.9 11

12 Nonfarm noncorporate business 4.5 8.0 1.4 12.0 6.8 2.7 -1.1 7.1 4.9 16.3 12

13 State and local governments 3.8 0.9 3.8 4.8 3.5 2.4 2.4 3.1 3.6 5.4 13

14 Federal government 3.7 -2.3 8.0 0.1 3.2 -1.7 -4.6 -6.7 -2.4 -3.8 14

15 Rest of the world 0.2 1.4 0.1 2.1 2.6 6.3 -1.8 1.7 1.0 1.5 15

16 Property-casualty insurance companies 2.2 4.9 3.6 6.8 2.8 2.0 1.9 -0.1 1.7 2.2 16

17 ABS issuers 0.9 0.9 1.8 1.7 1.9 8.7 4.1 4.3 2.6 6.8 17

18 Discrepancy 5.6 5.5 -9.0 -26.2 0.0 -8.0 48.3 22.1 20.4 8.0 18

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 43.3 9.9 -27.4 3.0 15.6 3.5 51.4 4.6 61.4 -0.1 1

 2 Household sector 18.9 6.7 -16.3 1.7 -1.0 -3.7 16.3 -1.6 22.6 -1.1 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 24.5 3.2 -11.1 1.3 16.6 7.2 35.2 6.2 38.7 1.0 4

 5 Customer credit balances (HH) 13.5 9.0 -5.8 1.8 12.3 9.2 24.6 -10.8 26.0 6.7 5

 6 From U.S.-chartered commercial banks 6.8 -5.9 -3.2 -0.4 4.2 -5.4 2.2 3.1 4.1 -4.6 6

 7 From foreign banking offices in U.S. 4.2 0.1 -2.1 -0.1 0.1 3.4 8.4 13.9 8.6 -1.2 7

 8 Net change in assets 43.3 9.9 -27.4 3.0 15.6 3.5 51.4 4.6 61.4 -0.1 8

 9 Household sector 13.5 9.0 -5.8 1.8 12.3 9.2 24.6 -10.8 26.0 6.7 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 11.0 -5.8 -5.3 -0.5 4.3 -2.0 10.6 16.9 12.7 -5.7 11

12 Brokers and dealers 18.9 6.7 -16.3 1.7 -1.0 -3.7 16.3 -1.6 22.6 -1.1 12
FFA, 1985-1994, December 9, 2010 45

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 Life insurance reserves:

 1 Net change in liabilities 11.5 18.3 26.9 26.1 29.6 26.5 26.8 29.1 37.1 35.5 1

 2 Federal government 1.1 1.0 1.2 1.2 1.2 1.2 1.2 1.4 1.4 1.3 2

 3 Life insurance companies 10.4 17.2 25.7 24.9 28.4 25.3 25.6 27.7 35.7 34.3 3

 4 Net change in assets (Households) 11.5 18.3 26.9 26.1 29.6 26.5 26.8 29.1 37.1 35.5 4

 Pension fund reserves:

 5 Net change in liabilities 233.6 188.0 167.8 217.3 200.4 191.8 222.5 202.1 291.0 290.6 5

 6 Life insurance companies 55.6 63.4 30.9 69.2 52.3 79.7 38.8 82.4 81.4 45.5 6

 7 Private pension funds (1) 84.5 27.0 37.1 68.5 61.8 27.3 91.5 13.1 105.0 141.2 7

 8 State and local govt. retirement funds 53.6 68.1 68.5 45.1 49.6 48.6 50.7 62.6 62.8 60.9 8

 9 Federal government retirement funds (2) 39.9 29.6 31.4 34.4 36.7 36.2 41.5 44.0 41.8 43.0 9

10 Net change in assets (Households) (3) 233.6 188.0 167.8 217.3 200.4 191.8 222.5 202.1 291.0 290.6 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table F.225.i), except those at life insurance companies.

F.226 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all 1.3 6.9 3.6 0.8 -2.1 2.1 -7.9 7.3 5.8 0.2 1

 businesses

 2 Nonfinancial corporate business -3.2 3.8 5.1 -3.5 -6.1 0.0 -9.4 6.5 5.4 -0.4 2

 3 Nonfarm noncorporate business 3.4 1.7 0.6 2.9 4.7 0.6 0.5 0.6 -1.7 1.4 3

 4 U.S.-chartered commercial banks -0.4 0.1 -2.0 0.2 -1.2 0.1 -1.6 -0.4 -2.9 -1.7 4

 5 Savings institutions 0.6 0.3 -0.4 -0.0 -0.1 -0.2 0.2 0.2 -0.1 -0.3 5

 6 Property-casualty insurance companies 0.1 0.2 0.5 0.3 -0.7 0.7 0.7 -1.7 2.1 -0.4 6

 7 Life insurance companies 0.4 0.7 0.2 0.5 0.9 0.5 1.1 1.4 1.6 1.0 7

 8 Finance companies 0.0 0.0 0.3 0.2 0.4 0.4 0.5 0.6 0.8 0.8 8

 9 Brokers and dealers 0.3 0.2 -0.6 0.1 0.1 0.1 0.2 0.0 0.5 -0.2 9

10 Net change in business taxes receivable -2.0 1.0 -5.7 -3.2 -0.8 -5.8 -5.2 -0.5 -5.3 -4.8 10

11 State and local governments 4.0 2.7 0.5 3.6 3.5 -0.5 1.8 -0.1 -2.2 1.4 11

12 Federal government -6.0 -1.7 -6.2 -6.8 -4.3 -5.2 -7.0 -0.4 -3.1 -6.3 12

13 Discrepancy 3.4 5.9 9.3 3.9 -1.3 7.9 -2.7 7.7 11.1 5.0 13

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -15.4 -7.2 -27.1 -33.2 -32.0 31.2 37.4 41.0 50.9 50.3 1

 2 Nonfarm noncorporate business -51.0 -20.2 -25.0 -22.8 -29.9 30.4 40.6 37.4 58.2 42.5 2

 3 Farm business 35.5 11.8 -1.3 -10.6 -0.4 1.5 -3.6 3.5 -8.2 9.0 3

 4 Brokers and dealers 0.1 1.2 -0.8 0.1 -1.7 -0.7 0.5 0.1 0.9 -1.1 4
46 FFA, 1985-1994, December 9, 2010

F.228 Total Miscellaneous Financial Claims

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 515.9 224.7 365.7 497.3 598.4 170.8 309.2 313.9 430.5 343.2 1

 2 Household sector 0.1 -1.3 1.2 0.4 0.8 0.1 -0.7 0.0 0.5 0.5 2

 3 Nonfinancial corporate business 241.5 49.7 133.9 300.9 295.7 83.2 88.3 71.5 125.4 81.4 3

 4 Nonfarm noncorporate business 29.8 9.6 -5.8 18.2 22.2 -2.6 3.6 14.0 5.1 16.1 4

 5 Federal government 40.5 32.7 20.9 42.4 50.7 16.3 52.7 39.7 37.8 41.5 5

 6 Rest of the world 8.3 14.9 39.7 15.6 62.1 45.1 35.1 60.5 119.8 86.1 6

 7 Monetary authority 0.1 -1.1 1.0 0.5 -0.0 -1.0 -0.3 -0.4 0.9 0.9 7

 8 Commercial banking 35.5 33.9 45.8 48.6 103.9 -2.6 34.5 59.7 93.7 84.8 8

 9 Savings institutions 18.9 9.6 8.5 12.6 2.7 -5.1 -17.6 -13.0 -5.0 -1.6 9

10 Credit unions -0.1 0.2 0.9 0.4 -0.6 0.2 0.6 0.1 0.5 1.4 10

11 Property-casualty insurance companies 37.3 42.7 42.4 31.3 34.0 26.5 15.5 23.1 15.8 16.4 11

12 Life insurance companies 14.0 18.6 38.8 10.3 22.3 4.9 31.2 -8.4 6.3 39.1 12

13 Government-sponsored enterprises 8.8 8.2 -2.4 1.1 6.3 4.6 7.3 12.5 -4.9 -24.9 13

14 Finance companies 13.7 1.0 29.4 17.1 4.9 4.4 16.8 -1.6 11.4 2.3 14

15 REITs 0.1 0.1 0.4 2.3 -1.4 -0.9 1.6 0.6 -0.1 2.9 15

16 Brokers and dealers 6.9 7.0 1.1 1.8 -6.9 5.0 4.0 13.1 32.0 1.7 16

17 Funding corporations 60.4 -1.0 9.9 -6.4 1.6 -7.1 36.7 42.9 -8.7 -5.4 17

18 Net change in assets 348.5 296.9 436.5 470.2 444.2 242.5 320.9 276.5 507.8 487.7 18

19 Household sector 31.3 20.7 28.3 21.0 17.1 20.0 10.7 18.3 13.3 14.7 19

20 Nonfinancial corporate business 123.1 108.1 162.1 231.8 110.0 113.6 39.9 74.6 236.7 161.4 20

21 Nonfarm noncorporate business 4.2 10.2 1.7 14.7 8.8 -4.1 8.1 3.5 14.2 18.6 21

22 Farm business 0.5 0.8 0.4 0.5 0.6 1.0 1.5 1.7 2.2 0.8 22

23 State and local governments 6.0 1.7 3.9 -0.5 1.4 1.5 3.6 -3.3 -34.3 48.6 23

24 Federal government 1.4 0.5 1.3 1.0 15.4 34.3 36.1 15.4 -3.8 3.2 24

25 Rest of the world 25.9 22.2 77.3 68.3 87.9 40.7 73.8 33.6 81.5 57.9 25

26 Monetary authority 1.0 1.7 2.2 0.4 7.4 -1.2 -2.3 -2.2 2.6 2.6 26

27 Commercial banking 42.9 37.8 48.1 22.4 100.4 -21.8 16.9 69.9 78.4 75.5 27

28 Savings institutions 17.0 8.3 14.9 2.7 4.4 11.0 -15.4 -4.1 -17.2 -8.1 28

29 Credit unions 1.2 2.9 -0.9 0.0 1.1 2.0 4.6 3.7 1.7 -3.4 29

30 Property-casualty insurance companies -0.1 0.7 1.8 2.7 1.6 1.4 -0.3 -2.7 2.8 1.7 30

31 Life insurance companies 5.6 7.0 13.0 8.6 8.7 -4.1 11.2 -2.8 -1.0 6.8 31

32 Private pension funds 28.2 19.7 29.5 21.1 5.5 -18.1 31.4 -22.5 -7.1 41.9 32

33 State and local govt. retirement funds 0.1 0.2 -0.1 1.5 4.2 1.6 -3.2 -0.1 -0.4 0.5 33

34 Federal government retirement funds 39.9 29.6 30.3 32.8 34.6 33.4 38.4 39.8 37.1 37.6 34

35 Money market mutual funds 0.3 1.6 0.8 0.3 2.9 -3.5 3.7 5.0 11.0 4.1 35

36 Mutual funds 0.0 1.7 1.1 -0.3 3.6 1.7 -0.7 -5.2 0.3 2.5 36

37 Government-sponsored enterprises -3.1 1.9 6.9 7.5 10.0 2.7 6.3 -12.3 5.6 -5.2 37

38 Finance companies 2.2 2.2 6.1 2.7 -8.5 -1.9 11.1 -7.0 22.6 -16.2 38

39 REITs 0.2 -0.4 0.9 0.8 1.6 -0.4 1.1 -2.3 1.4 1.8 39

40 Brokers and dealers 9.7 10.3 -2.7 10.5 23.0 29.4 34.3 52.6 49.6 24.8 40

41 Funding corporations 10.7 7.5 9.6 19.6 2.5 3.6 10.2 23.0 10.6 15.6 41

42 Discrepancy 167.4 -72.2 -70.8 27.0 154.2 -71.7 -11.7 37.4 -77.3 -144.5 42
FFA, 1985-1994, December 9, 2010 47

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 14.8 19.1 31.2 16.1 38.8 32.8 39.1 44.5 84.0 80.2 1

 2 Equity -1.7 1.1 4.9 -6.7 6.4 8.7 17.7 14.6 24.6 33.7 2

 3 Reinvested earnings 19.7 14.0 23.3 18.0 18.5 27.6 23.5 21.9 36.7 31.0 3

 4 Intercompany accounts -3.2 3.9 3.0 4.8 13.9 -3.6 -2.1 7.9 22.7 15.5 4

 5 Asset: Nonfinancial corporate business 14.3 19.0 29.7 11.8 26.1 35.6 38.1 40.0 57.9 78.5 5

 6 Commercial banking 0.3 -1.7 -1.2 -0.1 0.2 0.2 -1.0 2.0 2.0 2.6 6

 7 Property-casualty insurance companies -0.1 0.7 1.8 2.7 1.6 1.4 -0.3 -2.7 2.8 1.7 7

 8 Life insurance companies 0.1 -0.2 0.0 0.0 -0.1 0.6 0.6 0.3 -0.1 0.6 8

 9 Finance companies 0.1 1.2 -0.7 2.3 11.0 -5.4 1.3 3.7 20.4 0.7 9

10 Brokers and dealers 0.1 -0.0 1.7 -0.7 0.0 0.3 0.5 1.2 1.0 -3.9 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 17.5 31.9 52.5 69.8 62.4 59.1 -1.3 6.7 20.3 46.1 11

12 Nonfarm noncorporate business 0.6 1.1 0.6 0.8 1.4 0.7 -0.0 0.1 0.0 0.0 12

13 Commercial banking 1.4 1.6 1.7 2.7 2.3 0.9 2.6 2.7 2.2 3.4 13

14 Property-casualty insurance companies 0.3 0.5 1.0 1.2 2.2 2.5 3.5 0.5 0.7 1.8 14

15 Life insurance companies 0.7 2.2 0.9 1.3 1.4 1.9 1.0 1.2 0.2 1.0 15

16 Finance companies -0.5 2.1 -0.2 -0.5 7.2 -3.5 1.3 1.7 7.1 0.4 16

17 Brokers and dealers -0.3 0.6 2.1 0.9 1.4 0.1 2.0 0.0 16.5 0.9 17

18 Funding corporations 0.0 -4.4 -0.1 -18.5 -10.0 -13.2 14.2 6.9 4.3 -7.5 18

19 Asset: Rest of the world 19.7 35.4 58.5 57.7 68.3 48.5 23.2 19.8 51.4 46.1 19

20 Equity 15.2 25.1 34.3 45.0 51.8 56.2 45.8 31.6 29.7 37.2 20

21 Reinvested earnings -0.7 -1.0 -0.5 1.1 -8.1 -14.1 -18.3 -11.6 -7.1 4.9 21

22 Intercompany accounts 5.2 11.3 24.7 11.6 24.6 6.3 -4.3 -0.2 28.8 4.0 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 1.5 1.5 1.2 1.3 1.2 1.3 1.5 1.4 1.1 1.4 23

24 Asset: Federal government 1.5 1.5 1.2 1.3 1.2 1.3 1.5 1.4 1.1 1.4 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 0.2 0.1 0.2 0.1 0.1 0.2 0.2 0.4 0.3 0.3 25

26 Asset: Commercial banking 0.2 0.1 0.2 0.1 0.1 0.2 0.2 0.4 0.3 0.3 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 0.8 0.5 1.3 2.0 -0.6 -2.5 -0.7 -0.2 1.6 1.8 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 (Farm Credit System) -0.0 -0.1 -0.0 0.0 0.1 -0.1 0.0 -0.0 0.2 0.2 29

30 Farm business (Farm Credit System) -0.3 -0.6 -0.5 0.1 -0.9 -0.2 0.2 -0.1 0.1 0.0 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) 0.0 0.0 0.0 0.0 0.0 0.1 0.6 0.7 1.3 1.6 32

33 Savings institutions (FHLB) 1.1 1.2 1.8 1.9 0.2 -2.4 -1.5 -0.9 0.0 -0.0 33

34 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

 BHC investment in subsidiaries:

36 Liab.: Commercial banking 15.6 16.7 19.8 21.3 8.6 5.4 19.4 27.8 31.6 17.5 36

37 Savings institutions 0.7 0.2 -0.9 -0.0 -0.0 -0.4 -1.0 -1.0 0.4 -0.0 37

38 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Finance companies 12.8 8.3 -5.3 -19.6 -1.9 -4.1 -6.4 -0.0 6.4 4.0 39

40 Brokers and dealers 0.0 0.0 15.0 17.2 12.1 -16.2 -6.8 3.3 6.2 -3.8 40

41 Asset: Bank holding companies 29.2 25.2 28.6 18.8 18.7 -15.4 5.1 30.1 44.7 17.7 41

 NFC investment in finance company subs.:

42 Liab.: Finance companies 4.7 2.1 -6.2 -3.0 0.4 5.5 2.1 2.0 -5.2 2.2 42

43 Asset: Nonfinancial corporate business 4.7 2.1 -6.2 -3.0 0.4 5.5 2.1 2.0 -5.2 2.2 43

 Funding corp. investment in subs.:

44 Liab.: Foreign banking offices in U.S. 2.2 4.2 7.2 12.8 2.6 -1.8 -0.5 3.9 -6.6 -0.5 44

45 Brokers and dealers 8.5 3.4 2.4 6.8 -0.2 5.4 10.7 19.2 17.2 16.1 45

46 Asset: Funding corporations 10.7 7.5 9.6 19.6 2.5 3.6 10.2 23.0 10.6 15.6 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, 1985-1994, December 9, 2010

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world -0.1 -1.0 0.1 -0.3 -0.1 0.1 1.0 0.1 0.3 0.1 1

 2 Asset: Federal government -0.1 -1.0 0.1 -0.3 -0.1 0.1 1.0 0.1 0.3 0.1 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 4.5 3.6 -6.6 -1.3 6.9 4.8 1.0 -0.9 -7.0 -7.8 6

 7 Asset: Savings institutions 4.5 3.6 -6.6 -1.3 6.9 4.8 1.0 -0.9 -7.0 -7.8 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 0.1 -1.3 1.2 0.4 0.8 0.1 -0.7 0.0 0.5 0.5 8

 9 Asset: Life insurance companies 0.1 -1.3 1.2 0.4 0.8 0.1 -0.7 0.0 0.5 0.5 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 4.1 4.1 5.3 6.3 5.3 5.6 5.9 8.5 7.6 8.1 10

11 Health 2.3 2.5 2.7 2.9 3.0 3.6 4.8 6.9 6.2 6.6 11

12 Policy dividend accumulation 1.2 0.5 1.0 1.2 1.6 1.3 -0.2 0.6 0.5 0.1 12

13 Policy and contract claims 0.6 1.1 1.6 2.2 0.7 0.7 1.3 1.0 0.9 1.4 13

14 Asset: Household sector 4.1 4.1 5.3 6.3 5.3 5.6 5.9 8.5 7.6 8.1 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 37.0 42.2 41.4 30.1 31.8 24.0 12.0 22.6 15.2 14.5 15

16 Asset: Household sector 27.2 16.7 23.0 14.7 11.8 14.4 4.8 9.8 5.7 6.6 16

17 Nonfinancial corporate business 4.2 18.8 23.4 15.0 14.2 13.2 2.1 13.5 6.6 5.7 17

18 Nonfarm noncorporate business 4.8 5.4 -5.9 0.0 4.3 -4.8 3.8 -2.5 0.8 1.4 18

19 Farm business 0.8 1.4 0.9 0.4 1.4 1.2 1.3 1.7 2.0 0.8 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 0.0 13.9 33.5 1.9 12.3 9.6 20.8 -19.6 -6.9 30.6 20

21 Asset: Private pension funds 0.0 13.9 33.5 1.9 12.3 9.6 20.8 -19.6 -6.9 30.6 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 5.8 0.0 1.5 -1.2 7.3 6.1 12.1 9.9 12.3 11.7 22

23 Asset: Private pension funds 5.8 0.0 1.5 -1.2 7.3 6.1 12.1 9.9 12.3 11.7 23

 Securities borrowed (net):

24 Liab.: Funding corporations 1.5 5.1 3.1 8.0 16.1 32.1 31.5 50.6 43.6 24.6 24

25 Asset: Brokers and dealers 1.5 5.1 3.1 8.0 16.1 32.1 31.5 50.6 43.6 24.6 25

 Nonmarketable government securities:

26 Liab.: Federal government 39.9 29.6 30.3 32.8 34.6 33.4 38.4 39.8 37.1 37.6 26

27 Asset: Federal government retirement funds 39.9 29.6 30.3 32.8 34.6 33.4 38.4 39.8 37.1 37.6 27

 Retiree health care funds (2):

28 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
FFA, 1985-1994, December 9, 2010 49

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net change in liabilities 341.4 37.0 131.5 308.0 354.2 -18.9 106.5 82.0 139.2 58.0 1

 2 Nonfinancial corporate business 218.2 17.8 79.9 232.3 226.1 18.0 77.5 54.8 92.8 23.6 2

 3 Nonfarm noncorporate business 29.1 8.5 -6.4 17.4 20.9 -3.3 3.6 13.8 5.1 16.1 3

 4 Federal government 0.6 3.2 -9.4 9.6 16.2 -17.1 14.3 -0.1 0.7 3.9 4

 5 Rest of the world -8.0 -4.7 7.1 -1.5 22.2 10.9 -6.5 14.6 34.4 4.4 5

 6 Monetary authority -0.1 -1.2 0.8 0.4 -0.2 -1.2 -0.6 -0.8 0.6 0.6 6

 7 Commercial banking 16.3 11.4 17.2 11.8 90.4 -7.0 13.0 25.4 66.5 64.3 7

 8 U.S.-chartered commercial banks 10.2 1.7 -5.1 4.6 11.8 -0.3 9.8 -7.0 17.9 33.6 8

 9 Foreign banking offices in U.S. -1.3 -0.9 16.9 -1.5 73.1 -2.0 18.8 21.4 32.9 29.0 9

10 Bank holding companies 6.1 13.3 6.4 8.1 4.9 -5.6 -14.7 9.9 14.2 -0.2 10

11 Banks in U.S.-affiliated areas 1.3 -2.7 -1.1 0.7 0.6 0.9 -0.9 1.1 1.4 1.8 11

12 Savings institutions 18.1 9.5 9.4 12.7 2.7 -4.7 -16.6 -12.0 -5.5 -1.5 12

13 Credit unions -0.1 0.2 0.9 0.4 -0.6 0.2 0.6 0.1 0.5 1.4 13

14 Life insurance companies 9.3 -1.6 -0.9 0.9 3.3 -12.2 3.6 1.5 5.3 -0.5 14

15 Government-sponsored enterprises 3.5 4.1 2.9 0.5 -0.0 2.3 6.9 13.5 0.5 -19.0 15

16 Finance companies -3.4 -11.5 41.1 40.2 -0.8 6.4 19.8 -5.3 3.1 -4.3 16

17 REITs 0.1 0.1 0.4 2.3 -1.4 -0.9 1.6 0.6 -0.1 2.9 17

18 Brokers and dealers -1.3 3.0 -18.4 -23.0 -20.2 15.7 -1.9 -9.4 -7.9 -11.4 18

19 Funding corporations 58.9 -1.7 6.9 4.0 -4.4 -26.0 -9.0 -14.6 -56.6 -22.5 19

20 Net change in assets 174.1 109.2 202.3 281.0 200.0 52.8 118.1 44.6 216.5 202.4 20

21 Nonfinancial corporate business 99.9 68.2 115.2 208.0 69.3 59.2 -2.4 19.1 177.3 75.0 21

22 Nonfarm noncorporate business -0.5 4.9 7.6 14.6 4.4 0.8 4.2 6.0 13.2 17.0 22

23 State and local governments 6.0 1.7 3.9 -0.5 1.4 1.5 3.6 -3.3 -34.3 48.6 23

24 Federal government 0.0 0.0 0.0 0.0 14.3 32.8 33.6 13.9 -5.3 1.7 24

25 Rest of the world 6.2 -13.3 18.8 10.6 19.6 -7.8 50.6 13.7 30.1 11.8 25

26 Monetary authority 1.0 1.7 2.2 0.4 7.4 -1.2 -2.3 -2.2 2.6 2.6 26

27 Commercial banking 13.3 14.2 20.5 3.6 81.4 -6.9 12.0 36.7 30.1 53.4 27

28 U.S.-chartered commercial banks 12.9 3.5 2.2 0.9 11.9 3.9 -0.7 -2.3 -4.5 7.2 28

29 Foreign banking offices in U.S. 1.2 6.5 17.6 2.0 66.5 -24.1 14.8 34.9 34.6 38.6 29

30 Bank holding companies -0.1 6.3 1.3 -0.7 2.2 13.2 -1.6 4.8 0.5 7.7 30

31 Banks in U.S.-affiliated areas -0.8 -2.1 -0.6 1.4 0.9 0.1 -0.5 -0.7 -0.4 -0.1 31

32 Savings institutions 11.4 3.5 19.7 2.1 -2.7 8.6 -14.9 -2.3 -10.2 -0.3 32

33 Credit unions 1.2 2.9 -0.9 0.0 1.1 2.0 4.6 3.7 1.7 -3.4 33

34 Life insurance companies 5.4 8.6 11.8 8.2 8.0 -4.8 11.4 -3.2 -1.4 5.6 34

35 Private pension funds 22.4 5.7 -5.5 20.5 -14.1 -33.8 -1.5 -12.9 -12.6 -0.4 35

36 State and local govt. retirement funds 0.1 0.2 -0.1 1.5 4.2 1.6 -3.2 -0.1 -0.4 0.5 36

37 Money market mutual funds 0.3 1.6 0.8 0.3 2.9 -3.5 3.7 5.0 11.0 4.1 37

38 Mutual funds 0.0 1.7 1.1 -0.3 3.6 1.7 -0.7 -5.2 0.3 2.5 38

39 Government-sponsored enterprises -3.1 1.9 6.9 7.5 10.0 2.7 6.3 -12.3 5.6 -5.2 39

40 Finance companies 2.1 1.0 6.9 0.4 -19.5 3.5 9.8 -10.7 2.2 -17.0 40

41 REITs 0.2 -0.4 0.9 0.8 1.6 -0.4 1.1 -2.3 1.4 1.8 41

42 Brokers and dealers 8.1 5.1 -7.5 3.1 6.9 -3.1 2.3 0.8 5.0 4.2 42

43 Discrepancy 167.4 -72.2 -70.8 27.0 154.2 -71.7 -11.7 37.4 -77.3 -144.5 43
50 FFA, 1985-1994, December 9, 2010

F.11 Sector Discrepancies

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 All sectors 128.5 -107.1 -116.3 19.9 146.9 -177.0 -93.4 -30.5 -152.1 -166.3 1

 2 Household sector -47.7 -161.3 -124.2 -97.6 7.4 -174.6 -46.7 -39.4 -54.1 -71.2 2

 3 Nonfinancial corporate business 168.3 48.7 59.8 128.4 158.3 50.2 9.9 37.0 -103.8 -29.2 3

 4 State and local governments -5.6 -6.4 -1.0 1.9 -28.3 -28.2 -6.1 -20.7 14.0 -70.0 4

 5 Federal government 25.9 21.1 -2.9 37.2 33.3 -22.5 11.9 30.7 10.2 2.8 5

 6 Rest of the world 15.0 26.2 -13.6 -22.4 45.5 31.4 -41.3 -51.1 0.9 -7.1 6

 7 Financial sectors -27.3 -35.4 -34.4 -27.8 -69.3 -33.3 -21.1 12.9 -19.4 8.4 7

 8 Monetary authority -1.8 -2.6 -2.4 0.0 -1.8 -2.6 -1.0 0.4 -0.8 -3.4 8

 9 Commercial banking -2.3 -3.0 13.2 31.2 -12.2 -5.3 17.5 32.8 14.1 38.6 9

10 Savings institutions -1.0 -4.6 -4.6 -3.7 8.4 -0.6 -0.8 -13.1 -11.9 -9.6 10

11 Credit unions -0.4 -1.1 -0.8 -0.9 -0.6 -0.4 0.2 1.1 0.9 1.9 11

12 Property-casualty insurance companies -1.8 -4.3 -6.9 -14.9 -13.8 -8.4 -16.7 -16.7 -15.1 -35.3 12

13 Life insurance companies -13.9 -13.6 -18.9 -13.6 -17.9 -12.6 -19.5 -4.5 -30.4 -10.7 13

14 Mutual funds 1.1 4.0 -6.0 -4.4 -6.2 -1.2 2.6 3.1 4.1 -11.0 14

15 Government-sponsored enterprises 2.5 0.4 0.5 0.8 -0.3 -3.6 -2.4 -1.6 0.3 -2.2 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 -2.5 -3.8 -8.5 -12.3 -10.7 -1.8 8.8 13.1 2.0 15.3 17

18 REITs 1.0 2.5 0.4 1.9 -0.9 1.9 2.5 1.3 9.4 19.9 18

19 Brokers and dealers -8.2 -9.5 -0.5 -11.9 -13.4 1.1 -12.4 -3.0 8.0 5.1 19

F.12 Instrument Discrepancies

Billions of dollars

 1 All types 128.5 -107.1 -116.3 19.9 146.9 -177.0 -93.4 -30.5 -152.1 -166.3 1

 2 Treasury currency -0.2 -0.0 -0.1 -0.1 -0.3 0.2 -0.6 -0.2 -0.2 -0.2 2

 3 Foreign deposits 5.7 20.5 12.2 0.5 38.4 25.9 -24.0 -2.8 -5.8 42.9 3

 4 Net interbank transactions 6.0 -2.7 -5.6 -3.0 -1.6 -1.4 26.6 -4.9 4.2 -2.8 4

 5 Security RPs -17.6 14.6 -18.4 7.3 8.9 -55.5 -39.1 4.3 42.7 61.7 5

 6 Mail floats 2.1 -9.5 0.4 2.5 6.2 11.8 -8.6 2.2 -2.8 -7.6 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government 1.3 -0.6 -0.0 1.6 8.4 3.3 -13.1 0.7 -1.5 -4.8 8

 9 Private domestic 0.7 -8.9 0.4 0.8 -2.2 8.5 4.5 1.6 -1.3 -2.8 9

10 Trade credit 5.6 5.5 -9.0 -26.2 0.0 -8.0 48.3 22.1 20.4 8.0 10

11 Taxes payable 3.4 5.9 9.3 3.9 -1.3 7.9 -2.7 7.7 11.1 5.0 11

12 Miscellaneous 167.4 -72.2 -70.8 27.0 154.2 -71.7 -11.7 37.4 -77.3 -144.5 12

13 Nonfinancial -43.8 -69.2 -34.4 7.9 -57.8 -86.2 -81.8 -96.4 -144.5 -128.9 13

 Nonfinancial components (sign reversed):

14 Statistical discrepancy (NIPA) 42.3 67.8 32.9 -9.5 56.1 84.2 79.7 110.0 135.8 108.8 14

15 Private wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -15.8 6.4 17.6 15

16 Contr. for govt. soc. insur., U.S. affiliated areas 1.4 1.5 1.5 1.7 1.7 2.0 2.1 2.1 2.2 2.5 16
FFA, 1985-1994, December 9, 2010 51

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total credit market debt owed by: 8622.9 9811.7 10824.6 11866.2 12839.2 13766.8 14421.3 15213.0 16180.6 17207.8 1

 2 Domestic nonfinancial sectors 7123.1 7966.3 8670.1 9450.7 10152.1 10834.9 11301.4 11816.5 12391.4 12973.6 2

 3 Household sector 2277.8 2537.3 2755.1 3043.6 3319.0 3580.9 3769.7 3970.4 4210.3 4531.8 3

 4 Nonfinancial corporate business 1617.8 1840.0 2033.8 2233.4 2409.4 2542.5 2487.2 2511.8 2553.6 2688.5 4

 5 Nonfarm noncorporate business 798.0 886.0 956.3 1054.2 1109.4 1101.8 1066.4 1035.4 1012.7 1024.6 5

 6 Farm business 161.7 144.9 132.4 121.6 122.7 124.1 123.1 123.4 125.3 128.8 6

 7 State and local governments 677.9 752.1 842.6 893.0 940.4 987.4 1078.6 1095.1 1153.0 1107.5 7

 8 Federal government 1589.9 1805.9 1949.8 2104.9 2251.2 2498.1 2776.4 3080.3 3336.5 3492.3 8

 9 Rest of the world 242.5 251.9 259.0 269.8 287.9 318.2 350.4 372.4 468.2 443.1 9

10 Financial sectors 1257.3 1593.6 1895.5 2145.8 2399.3 2613.6 2769.6 3024.1 3321.0 3791.1 10

11 Commercial banking 188.3 195.9 217.4 219.4 224.6 197.7 184.6 194.6 208.0 228.1 11

12 U.S.-chartered commercial banks 57.8 51.9 52.5 48.8 46.7 48.5 47.4 58.8 68.6 81.0 12

13 Foreign banking offices in U.S. 24.4 27.2 33.8 34.4 35.4 34.5 24.9 21.2 16.0 13.4 13

14 Bank holding companies 106.2 116.8 131.1 136.2 142.5 114.8 112.3 114.6 123.4 133.6 14

15 Savings institutions 111.4 135.7 164.4 186.0 171.0 140.1 95.4 88.4 99.6 112.4 15

16 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.5 16

17 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.6 17

18 Government-sponsored enterprises 263.9 278.7 308.2 353.1 378.3 398.5 407.7 448.4 529.0 701.0 18

19 Agency- and GSE-backed mortgage pools 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 19

20 ABS issuers 37.2 74.7 118.3 154.4 209.8 269.2 323.0 385.5 468.0 538.3 20

21 Finance companies 241.0 301.5 313.6 337.5 375.0 398.1 411.7 416.6 415.3 452.5 21

22 REITs 7.6 13.3 21.3 24.8 26.9 27.7 28.6 28.2 29.9 40.0 22

23 Brokers and dealers 1.3 3.4 3.2 7.5 13.8 15.3 19.0 21.7 33.7 34.3 23

24 Funding corporations 38.7 58.7 79.7 117.8 130.3 147.1 143.1 168.6 180.3 211.0 24

25 Total credit market assets held by: 8622.9 9811.7 10824.6 11866.2 12839.2 13766.8 14421.3 15213.0 16180.6 17207.8 25

26 Domestic nonfinancial sectors 1904.6 2015.3 2224.9 2469.8 2625.6 2930.6 3094.8 3173.8 3208.3 3487.2 26

27 Household sector 967.4 1001.0 1176.4 1382.4 1479.6 1741.2 1824.9 1886.5 1887.4 2202.3 27

28 Nonfinancial corporate business 180.7 175.1 174.3 193.3 225.5 199.4 230.0 257.8 271.5 289.2 28

29 Nonfarm noncorporate business 49.7 55.4 47.7 58.2 47.1 43.6 38.3 38.1 36.9 43.7 29

30 State and local governments 455.6 525.8 583.6 618.6 664.1 703.4 750.6 752.3 784.9 729.9 30

31 Federal government 251.2 258.0 242.8 217.4 209.4 243.1 251.0 239.0 227.5 222.1 31

32 Rest of the world 419.9 536.4 586.5 689.1 815.8 881.7 909.6 983.1 1095.0 1162.8 32

33 Financial sectors 6298.4 7260.1 8013.2 8707.3 9397.8 9954.5 10416.9 11056.1 11877.3 12557.9 33

34 Monetary authority 186.0 205.5 226.5 240.6 233.3 241.4 272.5 300.4 336.7 368.2 34

35 Commercial banking 1989.5 2187.6 2323.0 2479.5 2647.4 2772.5 2853.3 2948.6 3090.8 3254.3 35

36 U.S.-chartered commercial banks 1846.9 2009.4 2108.6 2235.0 2371.9 2466.7 2502.5 2571.9 2721.5 2869.6 36

37 Foreign banking offices in U.S. 117.1 152.0 186.2 215.6 242.3 270.8 319.2 335.8 326.0 337.1 37

38 Bank holding companies 11.8 11.5 13.5 13.4 16.2 13.4 11.9 17.5 17.5 18.4 38

39 Banks in U.S.-affiliated areas 13.7 14.6 14.7 15.5 17.1 21.6 19.7 23.4 25.8 29.2 39

40 Savings institutions 1097.6 1191.0 1310.3 1409.3 1316.0 1176.5 1013.2 937.4 914.1 920.8 40

41 Credit unions 98.4 113.9 131.3 148.8 156.0 166.6 179.4 197.1 218.7 246.8 41

42 Property-casualty insurance companies 191.8 234.6 274.6 306.0 335.6 364.2 394.1 410.6 443.3 465.6 42

43 Life insurance companies 646.6 734.5 823.1 927.2 1028.3 1134.5 1218.9 1304.4 1415.5 1487.5 43

44 Private pension funds 329.0 333.6 347.2 369.2 420.8 464.3 489.7 515.7 551.9 591.5 44

45 State and local govt. retirement funds 252.4 297.1 328.8 350.5 381.5 402.0 404.6 441.8 468.6 478.7 45

46 Federal government retirement funds 0.0 0.0 1.1 2.7 4.9 7.4 10.0 13.1 16.2 19.9 46

47 Money market mutual funds 178.2 213.1 215.0 225.5 293.7 371.3 403.9 408.6 429.0 459.0 47

48 Mutual funds 129.9 259.9 291.1 304.5 327.2 360.1 440.2 566.4 725.9 718.8 48

49 Closed-end funds 4.1 7.0 11.0 28.8 35.4 36.7 49.5 69.7 89.7 86.0 49

50 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Government-sponsored enterprises 291.0 307.6 330.9 364.2 359.9 373.9 388.9 458.1 546.7 667.9 51

52 Agency- and GSE-backed mortgage pools 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 52

53 ABS issuers 34.8 71.4 113.2 147.6 201.1 250.3 299.5 357.9 437.8 501.0 53

54 Finance companies 353.2 409.9 448.3 493.3 537.3 564.8 572.5 575.0 563.1 595.1 54

55 REITs 8.7 13.7 21.2 25.4 26.0 24.2 23.6 25.0 25.4 24.6 55

56 Brokers and dealers 58.2 66.3 39.8 23.5 103.7 106.5 124.0 122.7 137.5 93.3 56

57 Funding corporations 81.1 82.0 107.4 115.5 120.3 117.5 122.6 131.8 109.9 106.6 57

(1) Excludes corporate equities and mutual fund shares.
52 FFA, 1985-1994, December 9, 2010

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Domestic 7123.1 7966.3 8670.1 9450.7 10152.1 10834.9 11301.4 11816.5 12391.4 12973.6 1

 2 By instrument 7123.1 7966.3 8670.1 9450.7 10152.1 10834.9 11301.4 11816.5 12391.4 12973.6 2

 3 Commercial paper 72.2 62.9 73.8 85.7 107.1 116.9 98.5 107.1 117.8 139.2 3

 4 Treasury securities 1586.6 1802.2 1944.6 2082.3 2227.0 2465.8 2757.8 3061.6 3309.9 3465.6 4

 5 Agency- and GSE-backed securities 3.2 3.6 5.1 22.6 24.2 32.4 18.6 18.8 26.6 26.7 5

 6 Municipal securities 859.5 920.4 1012.0 1080.0 1129.8 1178.6 1272.1 1295.4 1361.7 1325.8 6

 7 Corporate bonds 578.2 705.4 784.1 887.2 961.1 1008.2 1086.9 1154.5 1229.7 1253.0 7

 8 Bank loans n.e.c. 589.1 646.4 659.8 700.1 728.3 732.6 690.3 678.4 684.8 759.9 8

 9 Other loans and advances 458.3 507.0 539.2 577.6 643.0 699.4 634.1 638.1 609.1 662.0 9

10 Mortgages 2365.3 2652.1 2952.8 3270.0 3522.2 3776.8 3927.5 4037.9 4165.6 4320.2 10

11 Home 1526.2 1729.4 1927.7 2162.1 2368.9 2606.3 2774.3 2941.7 3100.7 3277.9 11

12 Multifamily residential 205.1 238.5 257.3 273.4 285.8 286.0 282.5 269.2 264.7 262.0 12

13 Commercial 540.0 600.1 692.0 763.7 798.8 816.9 803.2 759.1 731.8 710.4 13

14 Farm 94.1 84.1 75.8 70.8 68.8 67.6 67.5 67.9 68.4 69.9 14

15 Consumer credit 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 15

16 By sector 7123.1 7966.3 8670.1 9450.7 10152.1 10834.9 11301.4 11816.5 12391.4 12973.6 16

17 Household sector 2277.8 2537.3 2755.1 3043.6 3319.0 3580.9 3769.7 3970.4 4210.3 4531.8 17

18 Nonfinancial business 2577.5 2871.0 3122.6 3409.2 3641.5 3768.5 3676.7 3670.6 3691.5 3842.0 18

19 Corporate 1617.8 1840.0 2033.8 2233.4 2409.4 2542.5 2487.2 2511.8 2553.6 2688.5 19

20 Nonfarm noncorporate 798.0 886.0 956.3 1054.2 1109.4 1101.8 1066.4 1035.4 1012.7 1024.6 20

21 Farm 161.7 144.9 132.4 121.6 122.7 124.1 123.1 123.4 125.3 128.8 21

22 State and local governments 677.9 752.1 842.6 893.0 940.4 987.4 1078.6 1095.1 1153.0 1107.5 22

23 Federal government 1589.9 1805.9 1949.8 2104.9 2251.2 2498.1 2776.4 3080.3 3336.5 3492.3 23

 Foreign credit market debt

24 held in U.S. 242.5 251.9 259.0 269.8 287.9 318.2 350.4 372.4 468.2 443.1 24

25 Commercial paper 33.9 37.4 41.2 49.9 63.0 75.3 82.1 78.4 68.8 42.7 25

26 Bonds 75.0 85.7 93.9 104.2 116.9 144.7 176.8 200.8 309.7 310.4 26

27 Bank loans n.e.c. 27.9 26.9 23.3 21.5 21.4 18.5 21.6 23.9 24.6 26.1 27

28 Other loans and advances 105.6 101.8 100.6 94.1 86.5 79.7 69.9 69.3 65.2 63.9 28

29 Domestic and foreign 7365.6 8218.1 8929.1 9720.5 10440.0 11153.2 11651.7 12188.9 12859.6 13416.7 29

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 1257.3 1593.6 1895.5 2145.8 2399.3 2613.6 2769.6 3024.1 3321.0 3791.1 1

 2 Open market paper 252.4 284.6 322.9 377.7 409.1 417.7 385.3 393.5 393.4 441.6 2

 3 GSE issues 257.8 273.0 303.2 348.1 373.3 393.7 402.9 443.6 524.2 701.0 3

 4 Agency- and GSE-backed mortgage pool sec. 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 4

 5 Corporate bonds 233.1 325.4 404.0 456.1 525.5 580.0 651.9 741.2 861.4 976.9 5

 6 Bank loans n.e.c. 44.6 56.9 48.6 51.4 64.9 68.9 76.2 77.0 62.6 48.9 6

 7 Other loans and advances 99.0 119.3 144.3 163.7 153.3 129.2 91.9 91.3 113.7 131.6 7

 8 Mortgages 2.5 2.8 3.1 3.4 3.7 4.3 4.8 5.4 8.9 18.7 8

 9 By sector 1257.3 1593.6 1895.5 2145.8 2399.3 2613.6 2769.6 3024.1 3321.0 3791.1 9

10 Commercial banking 188.3 195.9 217.4 219.4 224.6 197.7 184.6 194.6 208.0 228.1 10

11 U.S.-chartered commercial banks 57.8 51.9 52.5 48.8 46.7 48.5 47.4 58.8 68.6 81.0 11

12 Foreign banking offices in U.S. 24.4 27.2 33.8 34.4 35.4 34.5 24.9 21.2 16.0 13.4 12

13 Bank holding companies 106.2 116.8 131.1 136.2 142.5 114.8 112.3 114.6 123.4 133.6 13

14 Savings institutions 111.4 135.7 164.4 186.0 171.0 140.1 95.4 88.4 99.6 112.4 14

15 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.5 15

16 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.6 16

17 Government-sponsored enterprises 263.9 278.7 308.2 353.1 378.3 398.5 407.7 448.4 529.0 701.0 17

18 Agency- and GSE-backed mortgage pools 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 18

19 ABS issuers 37.2 74.7 118.3 154.4 209.8 269.2 323.0 385.5 468.0 538.3 19

20 Finance companies 241.0 301.5 313.6 337.5 375.0 398.1 411.7 416.6 415.3 452.5 20

21 REITs 7.6 13.3 21.3 24.8 26.9 27.7 28.6 28.2 29.9 40.0 21

22 Brokers and dealers 1.3 3.4 3.2 7.5 13.8 15.3 19.0 21.7 33.7 34.3 22

23 Funding corporations 38.7 58.7 79.7 117.8 130.3 147.1 143.1 168.6 180.3 211.0 23
FFA, 1985-1994, December 9, 2010 53

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total 8622.9 9811.7 10824.6 11866.2 12839.2 13766.8 14421.3 15213.0 16180.6 17207.8 1

 2 Open market paper 358.5 384.9 437.9 513.4 579.2 609.9 565.9 579.0 580.0 623.5 2

 3 Treasury securities 1586.6 1802.2 1944.6 2082.3 2227.0 2465.8 2757.8 3061.6 3309.9 3465.6 3

 4 Agency- and GSE-backed securities 628.9 808.2 977.8 1116.0 1267.1 1445.9 1577.9 1734.4 1907.5 2200.2 4

 5 Municipal securities 859.5 920.4 1012.0 1080.0 1129.8 1178.6 1272.1 1295.4 1361.7 1325.8 5

 6 Corporate and foreign bonds 886.4 1116.4 1282.0 1447.6 1603.5 1732.8 1915.6 2096.5 2400.8 2540.3 6

 7 Bank loans n.e.c. 661.7 730.2 731.8 773.0 814.5 820.0 788.2 779.2 772.0 834.9 7

 8 Other loans and advances 663.0 728.0 784.0 835.5 882.9 908.3 795.9 798.7 788.0 857.4 8

 9 Mortgages 2367.9 2654.9 2955.9 3273.4 3526.0 3781.1 3932.3 4043.3 4174.6 4339.0 9

10 Consumer credit 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 10

 Memo:

 Selected claims not included above:

11 Corporate equities 2270.4 2682.2 2710.3 3075.6 3813.0 3531.3 4847.8 5422.0 6296.9 6317.5 11

12 Mutual fund shares 245.9 426.5 480.2 500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 8622.9 9811.7 10824.6 11866.2 12839.2 13766.8 14421.3 15213.0 16180.6 17207.8 1

 2 U.S. official reserve assets 37.5 43.4 41.7 43.3 70.0 79.2 73.7 67.0 69.1 70.4 2

 3 SDR certificates 4.7 5.0 5.0 5.0 8.5 10.0 10.0 8.0 8.0 8.0 3

 4 Treasury currency 13.3 13.8 14.2 14.7 15.3 16.3 16.3 16.5 17.0 17.6 4

 5 Foreign deposits 148.5 179.9 213.3 228.7 266.8 297.9 273.5 267.7 271.8 373.9 5

 6 Net interbank liabilities 10.3 41.7 75.3 77.3 66.4 95.7 96.0 138.2 188.7 278.4 6

 7 Checkable deposits and currency 713.5 838.9 842.9 885.1 892.2 934.7 1022.5 1134.7 1252.0 1240.2 7

 8 Small time and savings deposits 1852.3 1978.3 2048.0 2187.2 2285.2 2349.1 2350.7 2293.4 2223.1 2185.8 8

 9 Large time deposits 488.5 492.1 541.9 595.1 613.0 546.9 488.4 415.2 391.7 411.2 9

10 Money market fund shares 242.4 290.6 313.8 335.0 424.7 493.3 535.0 539.5 559.6 600.1 10

11 Security RPs 250.6 298.5 292.6 318.7 396.4 371.9 353.8 393.6 455.2 524.0 11

12 Mutual fund shares 245.9 426.5 480.2 500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 12

13 Security credit 131.2 141.1 115.3 118.3 133.9 137.4 188.9 217.7 279.0 279.0 13

14 Life insurance reserves 264.3 282.6 309.5 335.7 365.3 391.7 418.6 447.7 484.8 520.3 14

15 Pension fund reserves 2088.6 2326.8 2504.8 2738.3 3169.0 3310.3 3830.6 4139.4 4617.5 4898.3 15

16 Trade payables 752.4 760.8 834.3 934.2 997.2 1038.8 1084.7 1143.8 1212.5 1321.0 16

17 Taxes payable 69.4 76.3 80.0 80.8 78.7 80.9 73.0 80.2 86.0 86.2 17

18 Miscellaneous 2982.4 3129.6 3433.2 3856.3 4259.4 4426.0 4776.3 5192.4 5680.8 5972.8 18

19 Total liabilities 18918.7 21137.6 22970.6 25120.6 27470.7 28955.3 30782.6 32700.6 35352.9 37472.5 19

 + Financial assets not included in

 liabilities:

20 Gold 11.1 11.1 11.1 11.1 11.1 11.1 11.1 11.1 11.1 11.1 20

21 Corporate equities 2270.4 2682.2 2710.3 3075.6 3813.0 3531.3 4847.8 5422.0 6296.9 6317.5 21

22 Household equity in noncorp. bus. 2489.1 2612.2 2703.6 2843.8 2957.4 2991.8 2957.7 2942.7 3088.1 3299.1 22

 - Liabilities not identified as assets:

23 Treasury currency -3.8 -3.8 -4.0 -4.1 -4.3 -4.1 -4.7 -4.9 -5.1 -5.3 23

24 Foreign deposits 105.8 129.9 165.9 167.1 214.2 243.1 221.1 216.1 231.6 323.7 24

25 Net interbank transactions -17.0 -19.7 -25.2 -28.2 -29.8 -31.3 -4.6 -9.5 -5.4 -8.2 25

26 Security RPs 51.7 63.7 50.7 61.5 70.4 15.0 -24.1 -18.8 23.9 85.6 26

27 Taxes payable 31.1 28.2 30.5 22.4 17.5 21.3 19.5 25.8 28.0 33.6 27

28 Miscellaneous 128.8 -61.6 -203.8 -320.4 -370.0 -370.8 -399.2 -259.7 -303.0 -523.9 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 5.3 5.3 5.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Federal govt. 1.7 2.7 6.0 5.9 6.7 15.0 3.8 6.8 5.6 3.4 30

31 Private domestic 32.0 23.0 23.4 24.3 22.1 30.5 35.1 36.6 35.4 32.6 31

32 Trade credit -190.2 -200.7 -209.7 -227.9 -227.8 -235.9 -185.0 -162.9 -151.6 -143.6 32

33 Totals identified to sectors as assets 23544.0 26476.1 28556.4 31350.4 34553.2 35806.7 38937.3 41246.8 44889.5 47302.2 33
54 FFA, 1985-1994, December 9, 2010

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 7770.0 8802.0 9361.3 10405.5 11624.4 11956.2 13555.8 14442.0 15601.5 16127.6 1

 2 Foreign deposits 7.8 8.8 9.8 10.7 11.9 13.4 14.6 15.6 15.8 18.8 2

 3 Checkable deposits and currency 396.3 514.8 519.3 522.1 525.5 517.1 571.2 688.0 739.8 722.2 3

 4 Time and savings deposits 2030.1 2121.8 2241.3 2427.0 2507.5 2540.6 2464.6 2363.9 2254.5 2231.4 4

 5 Money market fund shares 196.3 238.4 259.1 278.3 356.9 396.1 415.1 375.3 374.3 388.2 5

 6 Securities 2300.9 2772.6 2953.8 3467.1 4021.4 4085.7 5098.7 5656.3 6308.1 6492.5 6

 7 Open market paper 56.5 56.1 55.3 93.6 87.9 93.7 58.5 52.7 65.0 69.7 7

 8 U.S. savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 8

 9 Other Treasury securities 208.2 188.4 216.9 294.3 289.1 390.3 409.6 483.1 514.9 709.4 9

10 Agency- and GSE-backed securities 23.4 23.3 32.1 52.4 74.8 117.3 115.5 114.4 58.3 187.6 10

11 Municipal securities 395.1 410.9 516.6 586.0 613.3 647.7 701.8 672.2 642.3 595.7 11

12 Corporate and foreign bonds 94.7 127.8 144.6 135.1 178.1 237.6 270.9 283.2 320.6 359.4 12

13 Corporate equities (2) 1229.5 1494.0 1462.6 1757.1 2147.5 1961.4 2759.2 3094.2 3437.0 3294.2 13

14 Mutual fund shares 213.8 378.7 424.5 439.1 513.0 511.5 645.0 799.4 1098.0 1096.6 14

15 Private life insurance reserves 246.5 263.7 289.5 314.4 342.8 368.1 393.8 421.5 457.2 491.5 15

16 Private insured pension reserves 260.4 327.9 348.6 435.5 495.5 569.8 621.2 693.4 775.1 796.6 16

17 Private noninsured pension reserves 1250.9 1316.6 1386.0 1432.2 1663.3 1658.5 1959.7 2062.8 2308.3 2473.3 17

18 Govt. insurance and pension reserves 595.1 701.2 790.3 891.9 1032.6 1105.7 1274.5 1409.5 1561.7 1657.2 18

19 Miscellaneous and other assets 485.7 536.2 563.7 626.3 667.1 701.2 742.4 755.8 806.8 855.8 19

20 Total liabilities 3547.4 3880.8 4140.8 4560.0 4937.8 5191.6 5374.6 5570.1 5824.0 6190.3 20

21 Mortgage debt on nonfarm homes 1518.9 1722.1 1919.2 2152.5 2359.5 2595.7 2766.3 2935.3 3094.7 3270.6 21

22 Other mortgage debt (3) 678.6 746.0 781.5 864.2 907.7 905.8 899.2 878.8 863.9 843.3 22

23 Consumer credit 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 23

24 Policy loans 55.5 55.4 55.3 55.3 58.4 62.5 67.3 73.0 78.6 86.4 24

25 Security credit 50.7 57.4 41.8 43.5 42.5 38.8 55.1 53.5 76.1 75.1 25

26 Other liabilities (3) 633.2 633.5 644.3 699.3 760.4 764.3 771.1 804.8 824.5 893.7 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, 1985-1994, December 9, 2010 55

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 9951.8 11069.8 11726.1 12859.1 14184.4 14549.5 16106.0 16949.9 18225.7 18901.1 1

 2 Deposits 2517.3 2763.0 2909.8 3105.0 3265.6 3325.3 3318.4 3280.9 3214.6 3170.7 2

 3 Foreign deposits 7.8 8.8 9.8 10.7 11.9 13.4 14.6 15.6 15.8 18.8 3

 4 Checkable deposits and currency 323.7 439.6 443.2 441.4 443.5 432.8 484.8 596.1 644.5 614.5 4

 5 Time and savings deposits 1989.5 2079.5 2200.9 2380.0 2459.1 2489.6 2411.4 2303.7 2190.9 2164.2 5

 6 Money market fund shares 196.3 235.1 256.0 273.0 351.1 389.4 407.7 365.5 363.5 373.1 6

 7 Credit market instruments 967.4 1001.0 1176.4 1382.4 1479.6 1741.2 1824.9 1886.5 1887.4 2202.3 7

 8 Open market paper 56.5 56.1 55.3 93.6 87.9 93.7 58.5 52.7 65.0 69.7 8

 9 Treasury securities 282.2 270.9 308.2 393.5 394.9 504.0 535.5 627.3 673.2 871.0 9

10 Savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 10

11 Other Treasury 202.5 177.6 207.1 283.9 277.2 377.8 397.4 470.1 501.3 691.1 11

12 Agency- and GSE-backed securities 23.4 23.3 32.1 52.4 74.8 117.3 115.5 114.4 58.3 187.6 12

13 Municipal securities 395.1 410.9 516.6 586.0 613.3 647.7 701.8 672.2 640.8 594.1 13

14 Corporate and foreign bonds 94.7 127.8 144.6 135.1 178.1 237.6 270.9 283.2 320.6 359.4 14

15 Other loans and advances (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mortgages 115.5 111.9 119.5 121.8 130.7 140.9 142.7 136.8 129.4 120.5 16

17 Corporate equities (3) 1229.5 1494.0 1462.6 1757.1 2147.5 1961.4 2759.2 3094.2 3437.0 3294.2 17

18 Mutual fund shares 213.8 378.7 424.5 439.1 513.0 511.5 645.0 799.4 1098.0 1096.6 18

19 Security credit 35.1 44.0 39.1 40.9 53.2 62.4 87.0 76.2 102.3 109.0 19

20 Life insurance reserves 264.3 282.6 309.5 335.7 365.3 391.7 418.6 447.7 484.8 520.3 20

21 Pension fund reserves 2088.6 2326.8 2504.8 2738.3 3169.0 3310.3 3830.6 4139.4 4617.5 4898.3 21

22 Equity in noncorporate business 2489.1 2612.2 2703.6 2843.8 2957.4 2991.8 2957.7 2942.7 3088.1 3299.1 22

23 Miscellaneous assets 146.7 167.4 195.8 216.7 233.9 253.8 264.5 282.8 296.1 310.8 23

24 Total liabilities 2368.0 2635.2 2843.3 3143.9 3435.4 3702.9 3916.7 4121.7 4390.8 4716.9 24

25 Credit market instruments 2277.8 2537.3 2755.1 3043.6 3319.0 3580.9 3769.7 3970.4 4210.3 4531.8 25

26 Home mortgages (4) 1449.6 1648.3 1827.9 2054.2 2259.5 2488.8 2667.0 2840.0 2998.7 3165.3 26

27 Consumer credit 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 27

28 Municipal securities 81.3 78.4 78.1 79.6 82.7 85.7 89.5 91.9 93.0 96.1 28

29 Bank loans n.e.c. (5) 31.0 31.0 31.9 30.0 20.4 17.9 13.1 17.6 27.4 40.0 29

30 Other loans and advances 72.2 75.0 74.3 75.7 74.3 81.7 89.1 95.3 96.6 107.7 30

31 Commercial mortgages 33.1 38.3 44.4 59.0 72.8 82.5 95.5 100.9 108.5 101.5 31

32 Security credit 50.7 57.4 41.8 43.5 42.5 38.8 55.1 53.5 76.1 75.1 32

33 Trade payables 24.3 26.6 31.3 41.3 57.4 66.8 76.2 82.1 88.1 93.2 33

 Deferred and unpaid

34 life insurance premiums 15.2 13.9 15.1 15.5 16.4 16.5 15.7 15.8 16.3 16.8 34

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

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

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

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

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 15.
56 FFA, 1985-1994, December 9, 2010

L.101 Nonfinancial Business (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 2774.6 2978.8 3204.3 3634.6 3871.0 3980.8 4114.4 4303.9 4679.8 5012.1 1

 2 Foreign deposits 16.0 19.2 16.3 21.6 14.7 14.7 16.4 15.8 14.5 15.7 2

 3 Checkable deposits and currency 198.3 202.4 212.9 231.4 241.7 250.1 259.1 260.3 284.2 308.3 3

 4 Time and savings deposits 109.9 127.8 126.3 129.2 129.0 125.6 130.8 136.2 155.6 163.5 4

 5 Money market fund shares 14.5 18.1 18.9 15.6 16.2 26.3 31.5 47.3 44.8 52.2 5

 6 Security RPs 3.4 5.1 3.4 5.0 2.8 2.1 1.6 5.1 2.5 2.2 6

 7 Credit market instruments 230.4 230.5 222.0 251.5 272.6 242.9 268.3 296.0 308.5 332.9 7

 8 Commercial paper 10.5 10.2 15.0 13.6 14.3 13.8 14.7 17.0 19.4 18.8 8

 9 Treasury securities 46.9 51.1 41.6 38.3 63.4 50.2 55.7 73.6 62.4 69.2 9

10 Agency- and GSE-backed securities 4.0 2.4 2.6 6.0 9.2 3.3 5.1 8.6 19.1 19.9 10

11 Municipal securities 25.6 25.1 19.4 16.8 32.4 24.7 44.8 45.8 56.2 58.3 11

12 Mortgages 101.0 94.8 89.4 116.0 89.5 83.8 85.0 85.2 74.1 80.2 12

13 Consumer credit 42.5 47.0 54.0 60.8 63.8 67.1 63.0 65.7 77.2 86.6 13

14 Mutual fund shares 10.8 15.7 12.8 10.6 11.7 9.7 14.8 21.1 29.8 31.1 14

15 Trade receivables 803.1 816.3 881.6 984.2 1033.1 1065.0 1058.1 1092.8 1143.8 1232.0 15

16 Miscellaneous assets 1388.1 1543.6 1710.0 1985.4 2149.4 2244.3 2333.7 2429.3 2696.2 2874.2 16

17 Total liabilities 4487.6 4743.8 5071.5 5607.7 6035.2 6218.0 6287.6 6558.1 6821.9 7100.7 17

18 Credit market instruments 2577.5 2871.0 3122.6 3409.2 3641.5 3768.5 3676.7 3670.6 3691.5 3842.0 18

19 Commercial paper 72.2 62.9 73.8 85.7 107.1 116.9 98.5 107.1 117.8 139.2 19

20 Municipal securities 127.0 117.1 116.2 116.4 115.5 115.2 114.0 118.3 124.9 131.7 20

21 Corporate bonds 578.2 705.4 784.1 887.2 961.1 1008.2 1086.9 1154.5 1229.7 1253.0 21

22 Bank loans n.e.c. 558.1 615.4 628.0 670.1 707.9 714.7 677.2 660.8 657.4 719.8 22

23 Other loans and advances 359.3 404.7 440.0 492.9 560.0 608.1 535.0 532.9 503.4 544.7 23

24 Mortgages 882.6 965.5 1080.5 1156.9 1190.0 1205.5 1165.0 1097.0 1058.3 1053.5 24

25 Trade payables 547.0 529.9 579.3 640.9 665.0 693.3 717.9 757.5 795.6 880.4 25

26 Taxes payable 60.6 66.1 71.7 71.1 69.7 70.3 61.4 68.5 72.1 73.1 26

27 Miscellaneous liabilities 1302.5 1276.9 1297.9 1486.5 1659.0 1686.0 1831.7 2061.5 2262.6 2305.3 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 1985-1994, December 9, 2010 57

L.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 2471.0 2639.9 2870.7 3250.0 3478.3 3586.3 3711.6 3874.2 4222.1 4491.6 1

 2 Foreign deposits 16.0 19.2 16.3 21.6 14.7 14.7 16.4 15.8 14.5 15.7 2

 3 Checkable deposits and currency 125.7 127.2 136.8 150.7 159.8 165.8 172.7 168.4 188.9 200.6 3

 4 Time and savings deposits 69.3 85.5 85.9 82.3 80.6 74.6 77.6 76.0 92.0 96.4 4

 5 Money market fund shares 14.5 14.9 15.8 10.3 10.4 19.7 24.1 37.6 33.9 37.1 5

 6 Security RPs 3.4 5.1 3.4 5.0 2.8 2.1 1.6 5.1 2.5 2.2 6

 7 Credit market instruments 180.7 175.1 174.3 193.3 225.5 199.4 230.0 257.8 271.5 289.2 7

 8 Commercial paper 10.5 10.2 15.0 13.6 14.3 13.8 14.7 17.0 19.4 18.8 8

 9 Treasury securities 41.1 40.3 31.8 27.9 51.4 37.6 43.4 60.6 48.8 50.8 9

10 Agency- and GSE-backed securities 4.0 2.4 2.6 6.0 9.2 3.3 5.1 8.6 19.1 19.9 10

11 Municipal securities 25.6 25.1 19.4 16.8 32.4 24.7 44.8 45.8 54.7 56.7 11

12 Mortgages 57.0 50.2 51.5 68.1 54.4 52.8 59.0 60.0 52.3 56.4 12

13 Consumer credit 42.5 47.0 54.0 60.8 63.8 67.1 63.0 65.7 77.2 86.6 13

14 Mutual fund shares 10.8 15.7 12.8 10.6 11.7 9.7 14.8 21.1 29.8 31.1 14

15 Trade receivables 739.3 741.5 805.3 895.9 938.0 967.2 961.4 988.9 1035.0 1107.0 15

16 Miscellaneous assets 1311.3 1455.8 1620.1 1880.3 2034.9 2133.1 2212.9 2303.4 2553.9 2712.5 16

17 U.S. direct investment abroad (1) 377.1 402.3 462.5 484.7 497.9 556.2 580.3 586.4 607.1 685.6 17

18 Insurance receivables 62.8 81.6 105.1 120.0 134.2 147.5 149.5 163.0 169.7 175.4 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. 16.7 18.7 12.5 9.5 9.9 15.5 17.6 19.6 14.4 16.6 20

21 Other 854.7 953.1 1040.0 1266.1 1392.9 1414.0 1465.5 1534.4 1762.7 1834.9 21

22 Total liabilities 3308.2 3498.2 3774.0 4191.7 4532.7 4729.4 4829.8 5109.7 5388.6 5627.4 22

23 Credit market instruments 1617.8 1840.0 2033.8 2233.4 2409.4 2542.5 2487.2 2511.8 2553.6 2688.5 23

24 Commercial paper 72.2 62.9 73.8 85.7 107.1 116.9 98.5 107.1 117.8 139.2 24

25 Municipal securities (2) 127.0 117.1 116.2 116.4 115.5 115.2 114.0 118.3 124.9 131.7 25

26 Corporate bonds (1) 578.2 705.4 784.1 887.2 961.1 1008.2 1086.9 1154.5 1229.7 1253.0 26

27 Bank loans n.e.c. 424.1 481.1 485.1 517.9 542.8 545.5 507.7 488.4 480.5 527.2 27

28 Other loans and advances (3) 248.4 289.6 322.6 372.9 427.9 481.6 418.1 419.6 393.7 431.1 28

29 Mortgages 167.8 184.0 252.1 253.3 255.1 275.3 261.9 223.8 207.0 206.3 29

30 Trade payables 479.7 478.0 522.4 576.1 597.9 626.3 649.4 682.8 719.3 796.5 30

31 Taxes payable 39.0 42.8 47.9 44.4 38.3 38.3 28.9 35.3 40.7 40.3 31

32 Miscellaneous liabilities 1171.8 1137.5 1169.9 1337.8 1487.2 1522.3 1664.3 1879.8 2075.1 2102.0 32

33 Foreign direct investment in U.S. 210.9 254.1 316.7 394.3 454.6 513.3 511.3 523.6 545.3 598.1 33

34 Pension fund contributions payable 18.7 18.7 20.3 19.0 26.3 32.3 44.4 54.3 66.6 78.3 34

35 Other 942.2 864.6 832.9 924.4 1006.2 976.7 1108.6 1301.9 1463.1 1425.6 35

 Memo:

36 Trade receivables net of payables 259.7 263.5 283.0 319.8 340.1 340.9 312.0 306.1 315.8 310.4 36

37 Market value of equities 1916.9 2240.8 2286.7 2558.1 3138.6 2955.8 3998.5 4361.2 4842.3 4796.8 37

38 Securities and mortgages 873.1 1006.4 1152.4 1256.9 1331.6 1398.6 1462.9 1496.6 1561.6 1591.0 38

39 Loans and short-term paper 744.7 833.6 881.5 976.4 1077.8 1143.9 1024.3 1015.1 992.0 1097.5 39

40 Total short-term liabilities (4) 1263.3 1354.3 1451.7 1596.9 1713.9 1808.5 1702.6 1733.3 1752.0 1934.4 40

41 Total liquid assets (5) 320.9 345.5 339.7 344.9 387.2 366.1 415.3 456.0 503.6 529.2 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 54.0 54.7 56.7 56.3 55.3 55.0 58.8 59.6 61.2 59.2 42

43 Short-term debt/credit market debt 46.0 45.3 43.3 43.7 44.7 45.0 41.2 40.4 38.8 40.8 43

44 Liquid assets/short-term liabilities 25.4 25.5 23.4 21.6 22.6 20.2 24.4 26.3 28.7 27.4 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, 1985-1994, December 9, 2010

L.103 Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 270.3 304.4 298.4 348.6 355.9 356.2 362.3 386.7 411.4 472.9 1

 2 Checkable deposits and currency 61.3 63.5 64.2 68.5 69.4 71.2 72.7 77.3 79.5 91.5 2

 3 Time and savings deposits 40.6 42.3 40.4 47.0 48.4 51.0 53.2 60.2 63.6 67.2 3

 4 Money market fund shares 0.0 3.2 3.1 5.3 5.8 6.7 7.4 9.7 10.9 15.1 4

 5 Treasury securities 5.8 10.8 9.8 10.3 11.9 12.5 12.2 13.0 13.6 18.3 5

 6 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 1.6 6

 7 Mortgages 44.0 44.7 37.9 47.8 35.1 31.1 26.0 25.2 21.9 23.8 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 63.8 74.8 76.3 88.3 95.1 97.8 96.7 103.8 108.7 125.0 9

10 Miscellaneous assets 54.8 65.1 66.7 81.4 90.2 85.9 94.0 97.5 111.7 130.3 10

11 Insurance receivables 39.6 45.0 39.0 39.1 43.3 38.6 42.4 39.9 40.8 42.2 11

12 Equity investment in GSEs (1) 0.8 0.8 0.7 0.7 0.8 0.6 0.6 0.6 0.8 0.9 12

13 Other 14.4 19.3 27.0 41.6 46.0 46.8 51.0 57.0 70.2 87.2 13

14 Total liabilities 1007.3 1094.2 1159.0 1283.0 1371.4 1357.5 1326.0 1316.8 1298.9 1334.4 14

15 Credit market instruments 798.0 886.0 956.3 1054.2 1109.4 1101.8 1066.4 1035.4 1012.7 1024.6 15

16 Bank loans n.e.c. 98.5 103.1 113.8 122.4 134.3 136.4 135.0 137.7 140.2 153.9 16

17 Other loans and advances 78.8 85.5 89.8 99.0 109.0 102.8 95.8 92.4 89.6 93.4 17

18 Mortgages 620.7 697.4 752.7 832.7 866.1 862.6 835.6 805.3 782.9 777.3 18

19 Trade payables 56.9 45.5 50.9 53.3 58.7 60.0 59.7 66.6 67.3 73.8 19

20 Taxes payable 21.6 23.3 23.9 26.8 31.4 32.0 32.5 33.1 31.4 32.8 20

21 Miscellaneous liabilities 130.8 139.4 127.9 148.7 171.8 163.7 167.4 181.7 187.6 203.3 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

Billions of dollars

 1 Total financial assets 33.3 34.5 35.2 35.9 36.8 38.3 40.5 43.0 46.3 47.6 1

 2 Checkable deposits and currency 11.3 11.7 12.0 12.2 12.5 13.0 13.8 14.6 15.7 16.2 2

 3 Miscellaneous assets 22.0 22.8 23.2 23.7 24.3 25.3 26.8 28.4 30.6 31.4 3

 4 Insurance receivables 18.0 19.3 20.3 20.7 22.1 23.3 24.6 26.3 28.3 29.2 4

 5 Equity investment in GSEs (2) 4.0 3.4 3.0 3.0 2.2 2.0 2.2 2.1 2.2 2.2 5

 6 Total liabilities 172.2 151.3 138.5 133.1 131.0 131.1 131.9 131.6 134.3 138.9 6

 7 Credit market instruments 161.7 144.9 132.4 121.6 122.7 124.1 123.1 123.4 125.3 128.8 7

 8 Bank loans n.e.c. 35.5 31.2 29.1 29.8 30.8 32.9 34.6 34.7 36.8 38.7 8

 9 Other loans and advances 32.1 29.6 27.6 21.0 23.1 23.6 21.1 20.9 20.1 20.3 9

10 Mortgages (3) 94.1 84.1 75.8 70.8 68.8 67.6 67.5 67.9 68.4 69.9 10

11 Trade payables 10.5 6.4 6.1 11.5 8.4 7.0 8.8 8.1 9.0 10.1 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
FFA, 1985-1994, December 9, 2010 59

L.105 State and Local Governments (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 686.2 771.7 856.4 900.3 970.9 1019.8 1082.9 1091.0 1111.6 1118.4 1

 2 Checkable deposits and currency 14.8 17.3 16.5 24.9 25.2 24.0 30.4 31.6 33.6 35.3 2

 3 Time and savings deposits 65.9 68.2 75.3 73.4 70.6 67.5 56.5 50.3 48.8 55.3 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 5.9 4

 5 Security RPs 74.1 79.0 90.9 89.9 106.0 111.8 118.4 123.1 133.7 118.6 5

 6 Credit market instruments 455.6 525.8 583.6 618.6 664.1 703.4 750.6 752.3 784.9 729.9 6

 7 Open market paper 0.0 0.0 0.2 0.7 1.6 4.0 9.0 14.1 17.9 22.3 7

 8 Treasury securities 258.7 315.7 357.6 364.3 369.1 410.6 435.5 418.2 447.8 370.0 8

 9 Agency- and GSE-backed securities 105.1 103.7 108.9 131.7 162.6 151.0 162.7 174.9 175.0 186.6 9

10 Municipal securities 9.6 10.4 10.2 10.3 10.8 11.6 11.6 10.5 9.5 8.6 10

11 Corporate and foreign bonds 8.0 10.0 12.0 13.0 15.0 16.0 18.0 20.9 26.5 31.9 11

12 Mortgages 74.2 86.0 94.7 98.6 105.0 110.2 113.7 113.7 108.3 110.5 12

13 Corporate equities 0.0 0.2 0.7 1.7 3.3 4.8 6.3 7.8 9.3 10.6 13

14 Mutual fund shares 0.0 0.0 0.0 0.1 1.5 4.8 9.4 14.9 21.3 29.1 14

15 Trade receivables 41.3 42.2 46.0 50.8 54.2 56.7 59.1 62.2 65.8 71.2 15

16 Taxes receivable 27.0 29.8 30.3 33.9 37.4 37.1 37.0 38.9 39.1 34.0 16

17 Miscellaneous assets 7.5 9.1 13.0 7.2 8.6 9.8 15.3 10.0 -26.7 28.4 17

18 Total liabilities 775.4 859.3 960.0 1021.3 1080.4 1140.4 1245.2 1276.1 1349.1 1319.5 18

19 Credit market instruments 677.9 752.1 842.6 893.0 940.4 987.4 1078.6 1095.1 1153.0 1107.5 19

20 Municipal securities 651.1 724.9 817.7 884.0 931.6 977.8 1068.6 1085.2 1143.9 1097.9 20

21 Short-term 20.5 20.4 19.6 21.5 24.8 27.8 34.7 33.6 35.4 33.2 21

22 Other 630.6 704.5 798.1 862.5 906.8 950.0 1033.9 1051.6 1108.5 1064.7 22

23 U.S. government loans 26.8 27.3 24.9 9.0 8.8 9.6 10.0 9.9 9.2 9.6 23

24 Trade payables 97.4 107.2 117.4 128.3 140.1 153.0 166.6 181.0 196.0 212.0 24

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

L.106 Federal Government

Billions of dollars

 1 Total financial assets 373.7 387.6 372.2 362.4 370.2 442.4 500.7 476.4 483.8 454.1 1

 2 U.S. official reserve assets 25.1 28.0 29.1 27.7 32.3 39.7 39.1 38.8 40.2 41.4 2

 3 Checkable deposits and currency 34.0 32.8 21.4 32.1 25.6 25.4 50.9 31.7 52.2 27.8 3

 4 Time and savings deposits 1.2 1.4 1.7 1.4 1.3 1.4 1.6 0.9 0.8 0.7 4

 5 Credit market instruments 251.2 258.0 242.8 217.4 209.4 243.1 251.0 239.0 227.5 222.1 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 197.9 203.6 193.8 169.3 162.1 160.2 152.7 152.7 142.2 144.2 8

 9 Mortgages 53.3 54.4 49.1 48.0 47.3 82.9 98.3 86.4 85.0 71.0 9

10 Consumer credit (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 6.9 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 35.0 32.6 40.6 40.7 43.9 42.1 37.5 30.8 28.4 24.7 12

13 Taxes receivable 11.3 18.4 19.3 24.5 23.8 22.5 16.4 15.5 18.9 18.6 13

14 Miscellaneous assets 15.8 16.3 17.4 18.6 34.0 68.1 104.2 119.6 115.7 119.0 14

15 Total liabilities 1861.4 2124.0 2309.4 2511.3 2707.8 2986.4 3298.0 3638.2 3936.1 4131.8 15

16 SDR allocations 5.4 6.0 7.0 6.6 6.4 7.0 7.0 6.7 6.7 7.2 16

17 SDR certificates 4.7 5.0 5.0 5.0 8.5 10.0 10.0 8.0 8.0 8.0 17

18 Treasury currency 13.3 13.8 14.2 14.7 15.3 16.3 16.3 16.5 17.0 17.6 18

19 Credit market instruments 1589.9 1805.9 1949.8 2104.9 2251.2 2498.1 2776.4 3080.3 3336.5 3492.3 19

20 Savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 20

21 Other Treasury securities 1506.8 1708.9 1843.5 1972.7 2109.3 2339.6 2619.7 2904.3 3138.0 3285.6 21

22 Budget agency securities 3.2 3.6 5.1 22.6 24.2 32.4 18.6 18.8 26.6 26.7 22

23 Multifamily residential mortgages 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Trade payables 58.2 72.8 80.3 88.2 96.8 91.1 85.5 82.7 85.7 85.5 24

25 Insurance reserves 17.8 18.9 20.1 21.2 22.4 23.6 24.8 26.2 27.6 28.9 25

26 Miscellaneous liabilities (3) 172.1 201.7 233.1 270.6 307.1 340.3 378.0 417.7 454.7 492.3 26

27 Nonmarketable securities held by pension plans 172.1 201.7 232.0 264.7 299.3 332.6 371.0 410.8 447.9 485.5 27

28 Other 0.0 0.0 1.2 5.8 7.8 7.7 7.0 6.9 6.8 6.8 28

(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, 1985-1994, December 9, 2010

L.107 Rest of the World

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 953.4 1166.9 1344.1 1567.3 1857.9 1967.5 2120.4 2288.1 2611.6 2853.6 1

 2 SDR allocations 5.4 6.0 7.0 6.6 6.4 7.0 7.0 6.7 6.7 7.2 2

 3 Net interbank assets -30.9 -15.2 29.3 35.2 27.7 53.3 36.6 79.9 125.4 218.2 3

 4 U.S. checkable deposits and currency 54.4 59.6 62.0 65.6 69.5 85.8 97.2 109.8 126.2 148.6 4

 5 U.S. time deposits 33.7 31.3 32.1 35.5 40.2 39.5 39.3 38.2 45.1 46.6 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.4 1.2 2.0 2.7 3.5 4.3 6

 7 Security RPs (net) 7.5 10.9 13.1 13.0 23.1 19.7 20.9 41.7 58.6 46.6 7

 8 Credit market instruments 419.9 536.4 586.5 689.1 815.8 881.7 909.6 983.1 1095.0 1162.8 8

 9 Open market paper 8.2 8.0 9.0 11.8 12.7 10.7 11.3 12.9 18.8 24.9 9

10 Treasury securities 226.4 269.4 296.3 353.8 423.7 438.4 476.3 520.3 594.6 632.6 10

11 Official 138.4 173.3 213.7 253.0 257.2 285.9 306.0 322.6 373.1 396.9 11

12 Private 88.0 96.1 82.6 100.9 166.5 152.5 170.3 197.7 221.5 235.7 12

13 Agency- and GSE-backed securities 17.5 25.0 28.3 34.2 47.2 49.4 58.5 71.4 103.2 106.8 13

14 Official 6.6 5.6 6.8 8.0 6.4 5.3 5.2 6.7 8.6 10.3 14

15 Private 10.9 19.4 21.5 26.2 40.8 44.1 53.3 64.6 94.6 96.5 15

16 Municipal securities 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8 3.0 16

17 U.S. corporate bonds (1) 110.7 154.9 173.2 187.4 207.8 208.7 236.0 246.0 261.4 273.5 17

18 Loans to U.S. corporate business 56.0 77.6 78.1 100.0 122.3 172.4 125.1 129.9 114.2 122.1 18

19 U.S. corporate equities 136.8 183.2 189.0 213.4 275.7 242.6 291.2 308.8 341.0 352.8 19

20 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 5.8 17.4 29.0 40.6 20

21 Trade receivables 33.6 35.0 35.1 37.2 39.8 46.1 44.4 46.0 47.0 48.6 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 292.9 319.8 389.9 471.6 559.2 590.5 666.4 653.7 734.0 777.5 23

24 Foreign direct investment in U.S. (2) 247.2 284.7 334.6 401.8 467.9 505.3 533.4 540.3 593.3 618.0 24

25 Other 45.7 35.1 55.4 69.9 91.4 85.2 133.0 113.4 140.7 159.5 25

26 Total liabilities 884.9 964.3 1050.8 1163.7 1309.1 1437.1 1457.1 1475.6 1680.7 1828.3 26

27 U.S. official reserve assets (3) 32.1 37.5 34.7 36.7 63.6 72.3 66.7 60.3 62.4 63.3 27

28 U.S. private deposits 148.5 179.9 213.3 228.7 266.8 297.9 273.5 267.7 271.8 373.9 28

29 Credit market instruments 242.5 251.9 259.0 269.8 287.9 318.2 350.4 372.4 468.2 443.1 29

30 Commercial paper 33.9 37.4 41.2 49.9 63.0 75.3 82.1 78.4 68.8 42.7 30

31 Bonds 75.0 85.7 93.9 104.2 116.9 144.7 176.8 200.8 309.7 310.4 31

32 Bank loans n.e.c. 27.9 26.9 23.3 21.5 21.4 18.5 21.6 23.9 24.6 26.1 32

33 Official 6.2 6.2 5.3 4.8 3.4 2.8 2.4 3.3 2.4 2.2 33

34 Banks 9.7 10.7 7.8 7.8 8.6 5.9 6.9 7.6 8.8 8.8 34

35 Other 12.1 10.0 10.2 8.9 9.4 9.8 12.3 13.0 13.5 15.2 35

36 U.S. government loans 74.0 75.5 73.3 69.3 67.0 63.3 57.9 58.0 57.0 56.0 36

37 Acceptance liabilities to banks 31.6 26.3 27.3 24.9 19.6 16.3 12.0 11.3 8.2 7.9 37

38 Trade payables 17.5 16.8 19.3 27.0 29.8 28.6 31.6 33.0 37.1 40.8 38

39 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Miscellaneous liabilities 444.4 478.3 524.5 601.4 661.1 720.1 734.9 742.2 841.1 907.2 40

41 U.S. equity in IBRD, etc. 13.9 15.4 16.6 17.9 19.1 20.4 21.9 23.3 24.5 25.9 41

42 Nonofficial foreign currencies 1.9 0.9 0.8 0.7 0.6 0.6 1.6 1.7 1.9 2.0 42

43 U.S. direct investment abroad (1,2) 407.8 437.5 506.6 535.9 570.7 629.8 657.7 674.4 723.5 786.6 43

44 Other 20.7 24.5 0.5 46.9 70.8 69.3 53.6 42.8 91.2 92.8 44

 Memo:

45 Market value of foreign equities 44.4 72.4 94.7 128.7 197.3 197.6 279.0 314.3 543.9 626.8 45

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
FFA, 1985-1994, December 9, 2010 61

L.108 Monetary Authority (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 243.2 275.1 285.8 304.3 314.7 342.3 364.6 381.7 423.8 452.1 1

 2 U.S. official reserve assets 18.1 20.5 16.7 20.1 42.3 43.6 38.6 32.5 33.3 33.0 2

 3 SDR certificates 4.7 5.0 5.0 5.0 8.5 10.0 10.0 8.0 8.0 8.0 3

 4 Treasury currency 17.1 17.6 18.2 18.8 19.6 20.4 21.0 21.4 22.1 23.0 4

 5 Federal Reserve float 1.0 1.3 0.8 1.3 1.1 2.2 0.7 3.3 0.9 -0.7 5

 6 Federal Reserve loans to domestic banks 3.1 1.6 3.8 2.2 0.5 0.2 0.2 0.7 0.1 0.2 6

 7 Discount window (2) 3.1 1.6 3.8 2.2 0.5 0.2 0.2 0.7 0.1 0.2 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 5.2 16.0 5.0 6.9 2.1 18.4 15.9 8.1 13.2 10.6 9

10 Credit market instruments 186.0 205.5 226.5 240.6 233.3 241.4 272.5 300.4 336.7 368.2 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 177.8 197.6 218.9 233.7 226.8 235.1 266.5 295.0 332.0 364.5 12

13 Agency- and GSE-backed securities 8.2 7.8 7.6 7.0 6.5 6.3 6.0 5.4 4.6 3.6 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 8.0 7.7 9.9 9.4 7.2 6.0 5.6 7.4 9.6 9.8 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 8.0 7.7 9.9 9.4 7.2 6.0 5.6 7.4 9.6 9.8 26

27 Total liabilities 241.4 273.2 283.8 302.2 312.5 339.9 362.0 378.7 420.4 448.4 27

28 Depository institution reserves 28.6 48.1 41.8 39.3 38.3 38.7 29.4 32.1 35.0 30.8 28

29 Vault cash of commercial banks 25.5 25.7 24.9 27.6 28.7 32.6 33.6 31.9 32.7 38.1 29

30 Checkable deposits and currency 182.4 195.7 212.4 230.1 240.3 264.4 295.1 311.3 348.5 374.2 30

31 Due to federal government 9.9 8.0 5.8 9.1 6.7 9.5 18.3 8.0 15.2 7.5 31

32 Treasury cash holdings 0.6 0.4 0.4 0.4 0.5 0.6 0.6 0.5 0.4 0.3 32

33 Treasury general deposit account 9.4 7.6 5.3 8.7 6.2 9.0 17.7 7.5 14.8 7.2 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 0.5 0.4 0.3 0.4 0.6 0.4 1.0 0.2 0.4 0.3 35

36 Due to government-sponsored enterprises 0.0 0.9 1.0 0.5 1.2 0.2 1.6 0.2 0.3 0.8 36

37 Currency outside banks 171.9 186.3 205.3 220.1 231.8 254.4 274.2 302.8 332.6 365.7 37

38 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 4.8 3.7 4.7 5.2 5.2 4.2 3.8 3.4 4.3 5.2 39

40 Federal Reserve Bank stock 1.8 1.9 2.0 2.1 2.2 2.4 2.7 3.1 3.4 3.7 40

41 Other 3.1 1.9 2.7 3.1 2.9 1.8 1.2 0.4 0.9 1.6 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, 1985-1994, December 9, 2010

L.109 Commercial Banking (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 2377.6 2621.1 2774.4 2952.1 3234.3 3337.8 3443.4 3656.7 3894.3 4163.1 1

 2 Vault cash 25.5 25.7 24.9 27.6 28.7 32.6 33.6 31.9 32.7 38.1 2

 3 Reserves at Federal Reserve 26.0 43.9 36.7 33.9 33.8 35.0 26.7 29.1 31.6 28.0 3

 4 Checkable deposits and currency 4.5 4.4 3.6 3.0 2.6 2.5 1.8 1.3 1.0 1.4 4

 5 Total bank credit 1975.0 2172.9 2297.5 2455.9 2637.1 2767.2 2872.3 3011.8 3174.4 3331.2 5

 6 Open market paper 9.7 8.6 11.2 10.1 9.9 12.7 10.6 9.2 7.3 5.8 6

 7 Treasury securities 189.4 197.7 194.4 185.3 165.3 172.1 232.5 294.4 322.2 290.4 7

 8 Agency- and GSE-backed securities 77.5 115.1 144.5 175.3 230.5 284.8 335.7 378.5 423.2 428.7 8

 9 Municipal securities 231.7 203.4 174.3 151.6 133.8 117.4 103.2 97.5 99.2 97.6 9

10 Corporate and foreign bonds 31.1 53.3 78.1 89.0 84.1 88.7 96.3 94.7 98.2 102.5 10

11 Bank loans n.e.c. 661.7 730.2 731.8 773.0 814.5 820.0 788.2 779.2 772.0 834.9 11

12 Mortgages 431.2 504.7 594.8 676.9 770.7 849.3 881.3 900.5 947.8 1012.7 12

13 Consumer credit 297.2 320.2 334.1 360.8 383.3 382.0 370.2 362.9 395.7 458.8 13

14 Security credit 45.4 39.6 34.4 33.9 38.2 36.2 46.8 88.0 100.7 94.9 14

15 Corporate equities 0.1 0.1 0.0 0.0 4.7 2.2 3.8 3.4 4.3 2.9 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 2.2 1.9 3.7 3.4 3.9 2.0 16

17 Customers’ liab. on acceptances (2) 60.0 54.4 59.8 57.5 55.4 45.5 35.3 31.7 25.3 22.9 17

18 Miscellaneous assets 286.5 319.8 351.9 374.3 476.8 455.0 473.7 551.0 629.4 741.5 18

19 Total liabilities 2280.6 2520.9 2691.5 2890.4 3150.8 3251.5 3360.8 3526.1 3733.6 4021.7 19

20 Net interbank liabilities -43.8 -32.0 8.7 10.4 -0.6 24.4 33.0 74.2 121.0 209.5 20

21 To monetary authority 4.0 2.8 4.6 3.5 1.6 2.4 0.9 3.9 1.0 -0.5 21

22 To domestic banks (3) -17.0 -19.7 -25.2 -28.2 -29.8 -31.3 -4.6 -9.5 -5.4 -8.2 22

23 To foreign banks -30.9 -15.2 29.3 35.2 27.7 53.3 36.6 79.9 125.4 218.2 23

24 Checkable deposits 473.7 568.2 548.5 565.6 562.2 584.0 621.6 714.3 788.4 756.7 24

25 Federal government 25.8 27.5 21.6 29.0 25.6 30.9 36.4 30.6 42.6 23.8 25

26 Rest of the world 20.7 23.5 22.2 21.6 21.5 21.4 19.4 21.7 21.2 23.2 26

27 Private domestic 427.3 517.3 504.7 515.1 515.1 531.6 565.7 662.1 724.5 709.8 27

28 Small time and savings deposits 907.9 982.3 1010.1 1083.9 1184.7 1307.7 1386.5 1389.2 1377.2 1376.2 28

29 Large time deposits 332.1 333.6 375.0 416.8 445.7 423.6 399.6 332.8 311.7 333.0 29

30 Federal funds and security RPs (net) 186.4 205.4 215.7 236.6 274.4 248.4 227.5 265.8 297.7 366.3 30

31 Credit market instruments 188.3 195.9 217.4 219.4 224.6 197.7 184.6 194.6 208.0 228.1 31

32 Open market paper 111.0 101.9 108.9 106.0 106.1 82.2 62.1 54.4 51.9 55.0 32

33 Corporate bonds 74.4 90.5 104.0 109.1 113.7 108.9 113.2 127.6 134.9 142.6 33

34 Other loans and advances 3.0 3.5 4.5 4.3 4.7 6.7 9.3 12.5 21.2 30.5 34

35 Taxes payable (net) 3.2 3.2 1.2 1.4 0.2 0.3 -1.3 -1.7 -4.6 -6.2 35

36 Miscellaneous liabilities 232.8 264.2 315.0 356.3 459.6 465.3 509.4 557.1 634.2 758.2 36

 Memo:

37 Credit market funds advanced (4) 1989.5 2187.6 2323.0 2479.5 2647.4 2772.5 2853.3 2948.6 3090.8 3254.3 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, 1985-1994, December 9, 2010 63

L.110 U.S.-Chartered Commercial Banks

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 1991.5 2167.4 2257.0 2384.8 2548.0 2643.9 2677.4 2775.3 2932.4 3122.8 1

 2 Vault cash and reserves at Federal Reserve 49.6 67.0 59.4 60.4 61.4 66.4 59.3 60.3 63.3 65.1 2

 3 Total bank credit 1847.5 2011.4 2108.4 2237.5 2390.6 2481.3 2527.4 2623.5 2780.9 2921.4 3

 4 Open market paper 8.5 7.5 9.0 8.3 7.8 8.5 7.5 5.9 4.9 3.6 4

 5 Treasury securities 182.6 188.5 185.4 176.0 155.7 157.4 207.8 254.3 275.0 248.0 5

 6 Agency- and GSE-backed securities 74.2 110.7 138.6 167.9 222.1 274.9 321.2 360.1 396.3 398.1 6

 7 Mortgage pass-through securities 24.0 49.6 71.9 86.7 123.2 144.7 153.7 155.5 173.2 182.2 7

 8 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 54.8 89.4 122.7 133.8 119.4 8

 9 Other 50.3 61.1 66.7 81.2 98.9 75.4 78.1 81.9 89.3 96.5 9

10 Municipal securities 231.1 202.8 173.7 150.9 133.2 116.8 102.7 97.0 98.9 97.0 10

11 Corporate and foreign bonds 17.2 35.6 56.3 68.6 61.8 65.4 69.7 66.6 66.6 66.0 11

12 Private mortgage pass-through securities 0.4 3.7 3.8 3.1 3.5 3.2 3.5 3.8 4.7 3.6 12

13 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 28.2 21.6 19.8 21.5 13

14 Other 16.9 31.9 52.5 65.5 58.3 62.2 38.0 41.1 42.1 40.9 14

15 Bank loans n.e.c. 574.6 619.6 603.4 623.9 649.7 645.2 589.0 569.6 578.4 624.6 15

16 Mortgages 423.5 493.9 578.5 651.9 736.9 799.3 821.8 842.9 895.5 963.7 16

17 Consumer credit 297.2 320.2 334.1 360.8 383.3 382.0 370.2 362.9 395.7 458.8 17

18 Security credit 38.5 32.5 29.4 29.0 33.2 27.8 30.0 57.3 61.4 56.8 18

19 Corporate equities 0.0 0.0 0.0 0.0 4.7 2.1 3.8 3.4 4.3 2.9 19

20 Mutual fund shares 0.0 0.0 0.0 0.0 2.2 1.9 3.7 3.4 3.9 2.0 20

21 Customers’ liab. on acceptances (1) 37.9 30.6 29.6 26.5 21.3 17.2 12.6 12.6 10.1 9.9 21

22 Miscellaneous assets 56.6 58.4 59.6 60.4 74.7 79.0 78.1 79.0 78.1 126.4 22

23 Total liabilities 2027.8 2204.8 2306.6 2470.7 2621.6 2723.3 2775.2 2855.5 3019.6 3244.3 23

24 Net interbank liabilities -55.3 -59.9 -39.4 -38.0 -56.8 -51.4 -41.6 -49.1 -20.1 58.8 24

25 Federal Reserve float 1.0 1.3 0.8 1.3 1.1 2.2 0.7 3.3 0.9 -0.7 25

26 Borrowing from Federal Reserve banks 3.1 1.6 3.8 2.2 0.5 0.2 0.2 0.7 0.1 0.2 26

27 To domestic banks -44.2 -44.9 -44.3 -44.2 -55.4 -68.3 -48.4 -33.8 -20.6 -15.0 27

28 To foreign banks -15.2 -17.8 0.3 2.7 -3.0 14.5 5.9 -19.2 -0.5 74.3 28

29 Checkable deposits 461.4 554.6 535.5 551.3 547.8 569.8 607.4 700.2 773.9 741.7 29

30 Federal government 25.8 27.5 21.6 29.0 25.6 30.9 36.4 30.6 42.6 23.8 30

31 Rest of the world 16.0 18.7 17.2 16.6 16.7 16.3 14.1 15.8 15.6 17.1 31

32 Private domestic 419.7 508.5 496.6 505.7 505.5 522.6 556.9 653.8 715.8 700.8 32

33 Small time and savings deposits 897.2 968.9 996.2 1069.2 1165.7 1287.6 1367.5 1369.5 1358.5 1357.9 33

34 Large time deposits 295.6 289.0 326.7 361.9 385.8 365.4 292.3 216.1 196.1 214.0 34

35 Federal funds and security RPs (net) 178.8 189.4 201.3 217.7 253.3 219.2 190.5 227.9 263.7 325.9 35

36 Open market paper 40.2 31.5 30.5 27.2 22.0 17.6 12.9 12.8 10.2 10.0 36

37 Corporate bonds 14.6 16.8 17.5 17.2 20.0 24.2 25.2 33.5 37.1 40.6 37

38 Other loans and advances 3.0 3.5 4.5 4.3 4.7 6.7 9.3 12.5 21.2 30.5 38

39 Taxes payable (net) 3.2 3.2 1.2 1.4 0.2 0.3 -1.3 -1.7 -4.6 -6.2 39

40 Miscellaneous liabilities 189.2 207.7 232.5 258.4 278.8 283.9 313.1 333.8 383.3 471.1 40

41 Investment by bank holding companies 152.1 168.8 172.6 193.8 202.4 207.8 227.2 255.0 286.6 304.2 41

42 Other 37.1 38.8 60.0 64.5 76.3 76.0 85.8 78.8 96.7 167.0 42

 Memo:

43 Credit market funds advanced (2) 1846.9 2009.4 2108.6 2235.0 2371.9 2466.7 2502.5 2571.9 2721.5 2869.6 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, 1985-1994, December 9, 2010

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 144.3 186.4 235.7 265.9 359.2 367.1 438.6 510.9 544.6 593.1 1

 2 Reserves at Federal Reserve 2.0 2.6 2.2 1.1 1.0 1.2 0.9 0.7 1.0 1.0 2

 3 Total bank credit 102.0 135.4 160.9 189.5 213.3 250.9 313.4 347.4 350.2 362.3 3

 4 Open market paper 1.2 1.0 2.2 1.7 2.1 4.1 3.1 3.3 2.4 2.2 4

 5 Treasury securities 4.8 6.9 6.5 6.6 6.4 11.4 20.8 29.6 36.1 32.7 5

 6 Agency- and GSE-backed securities 1.1 2.6 3.8 4.9 5.2 7.2 11.2 14.1 21.5 23.0 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 6.3 11.3 14.4 13.7 14.7 17.7 21.4 22.4 23.8 28.9 8

 9 Bank loans n.e.c. 75.8 97.7 115.1 135.6 149.6 156.5 185.8 195.7 182.0 197.2 9

10 Mortgages 5.7 8.7 13.9 22.1 30.2 45.5 54.3 51.6 45.1 40.3 10

11 Security credit 7.0 7.1 5.0 4.9 5.0 8.4 16.8 30.7 39.3 38.1 11

12 Corporate equities 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Customers’ liab. on acceptances (2) 22.1 23.8 30.2 31.0 34.0 28.3 22.7 19.1 15.1 13.0 13

14 Miscellaneous assets 18.1 24.6 42.3 44.3 110.8 86.7 101.5 143.8 178.4 216.9 14

15 Total liabilities 148.8 191.3 240.9 271.8 365.7 374.3 446.4 519.3 553.7 602.8 15

16 Net interbank liabilities 39.3 55.1 70.0 74.1 78.8 87.1 88.9 134.3 151.2 162.3 16

17 To foreign banks 0.9 17.9 40.8 42.6 38.9 46.7 41.1 103.5 132.7 158.5 17

18 To domestic banks 38.4 37.2 29.2 31.5 39.9 40.3 47.8 30.8 18.5 3.9 18

19 Checkable deposits 7.3 8.3 7.6 8.7 8.4 8.7 8.9 8.3 8.3 8.8 19

20 Small time and savings deposits 4.9 7.1 7.8 8.3 12.0 11.0 11.0 11.2 10.4 9.3 20

21 Large time deposits 30.7 38.3 42.1 48.4 52.9 49.2 99.3 108.2 107.4 110.0 21

22 Federal funds and security RPs (net) 7.6 16.1 14.4 18.9 21.2 29.6 38.4 39.0 34.7 41.4 22

23 Acceptance liabilities 24.4 27.2 33.8 34.4 35.4 34.5 24.9 21.2 16.0 13.4 23

24 Miscellaneous liabilities 34.5 39.3 65.1 79.1 157.1 154.2 175.0 197.1 225.7 257.6 24

25 Foreign direct investment in U.S. 11.4 12.4 14.4 16.9 18.6 18.4 24.9 21.2 24.0 26.3 25

26 Due to affiliates 22.7 26.9 34.1 46.9 49.5 47.6 47.2 51.1 44.5 44.1 26

27 Other 0.4 0.0 16.7 15.3 89.0 88.1 102.9 124.8 157.1 187.3 27

 Memo:

28 Credit market funds advanced (3) 117.1 152.0 186.2 215.6 242.3 270.8 319.2 335.8 326.0 337.1 28

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

(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, 1985-1994, December 9, 2010 65

L.112 Bank Holding Companies

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 219.2 245.8 261.6 279.7 303.4 298.4 302.3 342.8 387.9 414.1 1

 2 Credit market instruments 11.8 11.5 13.5 13.4 16.2 13.4 11.9 17.5 17.5 18.4 2

 3 Treasury securities 0.8 0.6 0.7 0.8 0.9 0.7 1.0 6.1 5.3 4.6 3

 4 Agency- and GSE-backed securities 2.1 1.7 2.1 2.1 2.4 1.9 2.4 2.2 3.1 4.8 4

 5 Corporate and foreign bonds 6.8 5.5 6.5 6.7 7.5 5.6 5.1 5.4 7.2 7.1 5

 6 Bank loans n.e.c. 2.1 3.6 4.1 3.9 5.5 5.3 3.4 3.7 1.9 1.8 6

 7 Miscellaneous assets 207.3 234.3 248.2 266.3 287.2 285.0 290.4 325.2 370.4 395.8 7

 8 Investment in bank subsidiaries 152.1 168.8 172.6 193.8 202.4 207.8 227.2 255.0 286.6 304.2 8

 9 Investment in nonbank subsidiaries 51.1 59.5 68.3 65.9 76.0 55.2 40.9 43.2 56.3 56.4 9

10 Other 4.2 6.0 7.3 6.6 8.8 22.0 22.2 27.0 27.5 35.2 10

11 Total liabilities 81.9 104.0 124.7 127.0 140.4 126.4 114.8 124.4 132.2 143.0 11

12 Net interbank liabilities -27.8 -27.2 -22.0 -25.6 -22.6 -11.2 -14.3 -11.0 -10.0 -11.7 12

13 To domestic banks -11.2 -11.9 -10.2 -15.5 -14.3 -3.4 -4.1 -6.5 -3.3 2.9 13

14 To foreign banks -16.6 -15.3 -11.8 -10.1 -8.3 -7.9 -10.3 -4.5 -6.8 -14.6 14

15 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 -0.0 -0.4 -1.4 -1.2 -0.8 -0.9 15

16 Credit market instruments 106.2 116.8 131.1 136.2 142.5 114.8 112.3 114.6 123.4 133.6 16

17 Commercial paper 46.4 43.1 44.6 44.4 48.8 30.1 24.3 20.4 25.6 31.6 17

18 Corporate bonds 59.8 73.7 86.5 91.8 93.7 84.7 88.0 94.1 97.7 102.0 18

19 Miscellaneous liabilities 3.5 14.4 15.6 16.3 20.6 23.3 18.2 22.0 19.6 22.0 19

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

Billions of dollars

 1 Total financial assets 22.6 21.4 20.1 21.7 23.8 28.3 25.1 27.7 29.4 33.1 1

 2 Checkable deposits and currency 4.5 4.4 3.6 3.0 2.6 2.5 1.8 1.3 1.0 1.4 2

 3 Credit market instruments 13.7 14.6 14.7 15.5 17.1 21.6 19.7 23.4 25.8 29.2 3

 4 Treasury securities 1.2 1.7 1.7 1.9 2.2 2.5 2.8 4.3 5.8 5.1 4

 5 Agency- and GSE-backed securities 0.0 0.0 0.0 0.4 0.8 0.9 1.0 2.1 2.3 2.8 5

 6 Municipal securities 0.6 0.6 0.6 0.7 0.6 0.6 0.5 0.5 0.2 0.6 6

 7 Corporate and foreign bonds 0.7 0.9 0.9 0.0 0.1 0.0 0.1 0.4 0.6 0.5 7

 8 Bank loans n.e.c. 9.1 9.3 9.1 9.6 9.7 13.0 10.0 10.2 9.7 11.3 8

 9 Home mortgages 1.3 1.3 1.5 1.7 1.9 2.0 2.0 3.0 4.1 4.8 9

10 Commercial mortgages 0.8 0.8 0.9 1.2 1.8 2.5 3.2 3.0 3.1 4.0 10

11 Miscellaneous assets 4.4 2.4 1.8 3.2 4.1 4.2 3.7 3.0 2.6 2.4 11

12 Total liabilities 22.1 20.7 19.5 21.0 23.1 27.5 24.4 26.9 28.2 31.7 12

13 Checkable deposits 4.9 5.4 5.4 5.6 6.1 5.4 5.2 5.8 6.1 6.2 13

14 Small time and savings deposits 5.8 6.3 6.2 6.4 7.0 9.1 8.1 8.5 8.2 9.0 14

15 Large time deposits 5.8 6.3 6.2 6.4 7.0 9.1 8.1 8.5 8.2 9.0 15

16 Miscellaneous liabilities 5.6 2.9 1.8 2.4 3.1 4.0 3.1 4.2 5.6 7.4 16

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
66 FFA, 1985-1994, December 9, 2010

L.114 Savings Institutions (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 1274.9 1376.2 1504.5 1639.8 1510.4 1323.0 1144.9 1060.4 1020.2 1008.6 1

 2 Reserves at Federal Reserve 2.6 4.2 5.1 5.4 4.6 3.7 2.8 3.0 3.4 2.8 2

 3 Checkable deposits and currency 13.3 13.9 10.1 11.9 11.2 10.7 13.1 12.5 15.5 13.9 3

 4 Time and savings deposits 11.9 15.9 7.3 7.4 5.3 5.2 5.0 3.7 3.0 1.3 4

 5 Federal funds and security RPs 22.1 19.9 19.0 20.2 24.2 21.6 15.1 14.4 10.6 6.5 5

 6 Credit market instruments 1097.6 1191.0 1310.3 1409.3 1316.0 1176.5 1013.2 937.4 914.1 920.8 6

 7 Open market paper 3.5 5.3 4.3 5.1 4.7 0.7 1.3 0.6 0.3 0.1 7

 8 Treasury securities 34.5 38.0 47.5 34.9 26.8 25.9 25.0 34.0 28.2 27.1 8

 9 Agency- and GSE-backed securities 146.8 193.1 236.7 257.2 208.9 185.7 145.0 143.0 147.3 159.9 9

10 Mortgage pass-through securities 127.6 170.6 215.2 221.5 175.4 154.8 123.6 120.7 123.5 133.8 10

11 CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Other 19.2 22.4 21.5 35.8 33.5 30.9 21.5 22.4 23.7 26.1 12

13 Municipal securities 3.4 3.1 3.1 2.8 2.6 3.0 2.4 2.1 2.1 2.0 13

14 Corporate and foreign bonds 56.8 64.1 88.2 105.3 91.0 75.6 72.7 80.0 89.1 86.7 14

15 Private mortgage pass-through securities 0.0 0.0 15.6 21.3 25.4 27.1 27.2 26.4 30.2 29.2 15

16 Private CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other 56.8 64.1 72.6 84.1 65.6 48.5 45.5 53.6 58.9 57.6 17

18 Other loans and advances 29.3 39.8 40.9 49.2 47.0 34.3 19.3 12.4 10.8 10.3 18

19 Mortgages 765.7 784.8 824.3 888.0 872.5 801.6 705.4 628.0 598.4 596.2 19

20 Consumer credit 57.6 62.9 65.3 66.8 62.5 49.6 42.2 37.4 37.9 38.5 20

21 Corporate equities 5.2 7.0 7.0 8.5 11.0 8.8 10.3 11.2 12.5 10.4 21

22 Miscellaneous assets 122.1 124.3 145.8 177.0 138.1 96.6 85.5 78.2 61.0 53.0 22

23 Total liabilities 1265.5 1361.5 1472.7 1604.8 1484.4 1320.7 1123.0 1017.5 963.8 941.3 23

24 Deposits 1032.8 1076.8 1120.8 1192.6 1170.4 1050.2 937.6 852.9 785.5 733.6 24

25 Checkable 44.8 61.9 67.2 74.0 72.8 68.0 85.3 84.0 88.3 80.4 25

26 Small time and savings 832.7 858.1 888.7 942.8 935.8 862.3 767.7 692.2 624.1 582.3 26

27 Large time 155.3 156.7 164.9 175.9 161.7 119.9 84.6 76.7 73.0 71.0 27

28 Security RPs 40.4 57.5 85.7 103.9 57.8 42.5 19.6 18.6 26.1 44.5 28

29 Credit market instruments 111.4 135.7 164.4 186.0 171.0 140.1 95.4 88.4 99.6 112.4 29

30 Corporate bonds 10.5 15.4 19.8 21.7 18.3 12.7 8.6 5.5 3.9 3.1 30

31 Bank loans n.e.c. 10.9 10.2 9.7 9.9 9.2 9.7 8.9 8.9 8.4 9.3 31

32 Other loans and advances 90.0 110.0 134.8 154.5 143.6 117.7 77.8 74.0 87.3 100.0 32

33 Taxes payable 1.4 1.7 1.3 1.3 1.2 1.0 1.2 1.4 1.4 1.0 33

34 Miscellaneous liabilities 79.5 89.9 100.6 120.9 84.1 86.9 69.3 56.3 51.2 49.6 34

35 Investment by parent 7.2 7.3 6.5 6.4 6.4 6.0 5.0 4.0 4.4 4.4 35

36 Other 72.3 82.5 94.1 114.5 77.7 80.9 64.3 52.3 46.8 45.2 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
FFA, 1985-1994, December 9, 2010 67

L.115 Credit Unions

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 134.8 163.4 178.8 192.8 201.9 217.2 240.0 264.7 281.7 293.6 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 3.3 4.0 4.0 4.2 4.8 4.8 5.4 6.6 6.5 6.5 3

 4 Time and savings deposits 20.0 27.0 27.4 24.0 21.2 21.7 26.7 27.0 25.6 16.7 4

 5 Federal funds and security RPs (net) 8.4 10.9 9.2 9.4 12.5 14.6 13.2 13.5 8.5 6.2 5

 6 Credit market instruments 98.4 113.9 131.3 148.8 156.0 166.6 179.4 197.1 218.7 246.8 6

 7 Open market paper 0.2 0.7 0.5 0.9 1.1 2.3 2.6 3.0 2.2 2.1 7

 8 Treasury securities 6.2 8.0 11.2 14.4 12.1 8.5 14.1 19.9 22.6 22.1 8

 9 Agency- and GSE-backed securities 7.0 8.8 8.8 7.1 6.3 14.4 19.6 28.7 36.3 40.9 9

10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Other loans and advances 0.0 0.0 0.0 0.0 17.9 17.0 15.9 14.0 14.2 15.1 11

12 Home mortgages 11.1 19.3 29.9 38.1 27.0 32.7 36.9 39.8 41.8 47.0 12

13 Consumer credit 74.0 77.1 81.0 88.3 91.7 91.6 90.3 91.7 101.6 119.6 13

14 Mutual fund shares 0.0 0.0 1.8 1.4 1.2 1.4 2.6 4.1 4.2 2.6 14

15 Miscellaneous assets 4.8 7.7 5.0 5.1 6.2 8.2 12.8 16.5 18.2 14.8 15

16 Total liabilities 128.3 155.7 169.9 182.7 190.7 204.7 225.8 247.5 260.8 270.3 16

17 Shares/deposits 125.5 152.7 166.0 178.4 187.0 200.8 221.3 242.9 255.5 263.4 17

18 Checkable 12.6 13.0 14.7 15.5 16.8 18.3 20.5 25.1 26.8 28.8 18

19 Small time and savings 111.7 137.8 149.2 160.5 164.7 179.1 196.5 212.0 221.8 227.3 19

20 Large time 1.2 1.8 2.1 2.5 5.5 3.4 4.2 5.8 6.9 7.3 20

21 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.5 21

22 Miscellaneous liabilities 2.8 3.0 3.9 4.3 3.7 3.9 4.5 4.6 5.1 6.4 22

L.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Total financial assets 298.6 353.6 405.0 453.9 503.0 533.5 575.8 597.9 642.5 678.1 1

 2 Checkable deposits and currency 4.3 5.6 5.5 5.4 6.0 6.5 5.3 5.6 5.2 5.0 2

 3 Money market fund shares 8.3 8.3 8.6 9.8 9.7 10.8 9.4 11.4 11.1 10.3 3

 4 Security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 191.8 234.6 274.6 306.0 335.6 364.2 394.1 410.6 443.3 465.6 5

 6 Open market paper 11.8 11.9 12.3 14.0 13.9 15.5 13.5 16.3 15.9 14.7 6

 7 Treasury securities 32.3 46.1 54.7 64.2 75.2 83.6 108.1 113.6 129.3 137.4 7

 8 Agency- and GSE-backed securities 22.2 22.3 22.3 22.6 26.0 32.0 42.1 42.6 44.5 45.8 8

 9 Municipal securities 88.2 101.9 124.8 134.1 134.8 136.9 126.8 134.3 146.1 153.8 9

10 Corporate and foreign bonds 33.9 48.0 55.5 65.7 79.3 89.2 97.2 97.8 103.1 110.1 10

11 Commercial mortgages 3.3 4.3 5.0 5.6 6.5 6.9 6.5 5.9 4.5 3.8 11

12 Corporate equities 57.0 61.2 65.1 71.4 84.0 79.9 94.1 97.3 103.4 111.7 12

13 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 13

14 Trade receivables 27.2 32.1 35.7 42.5 45.3 47.2 49.1 49.0 50.7 52.9 14

15 Miscellaneous assets 10.0 11.8 15.5 18.9 22.4 24.8 23.7 24.0 28.8 32.2 15

16 Total liabilities 215.6 259.5 305.9 337.6 371.1 398.8 419.0 440.8 459.1 474.4 16

17 Taxes payable (net) 0.9 1.1 1.6 1.9 1.2 1.9 2.6 0.9 3.0 2.6 17

18 Miscellaneous liabilities 214.7 258.4 304.3 335.6 369.9 396.9 416.4 439.9 456.1 471.9 18
68 FFA, 1985-1994, December 9, 2010

L.117 Life Insurance Companies

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 796.1 905.9 1005.3 1125.0 1245.5 1351.4 1479.5 1587.0 1754.9 1862.9 1

 2 Checkable deposits and currency 5.1 5.8 4.9 4.6 5.0 4.9 5.5 4.8 5.2 5.6 2

 3 Money market fund shares 9.1 10.0 6.9 7.0 6.2 8.4 8.5 8.7 8.8 8.9 3

 4 Credit market instruments 646.6 734.5 823.1 927.2 1028.3 1134.5 1218.9 1304.4 1415.5 1487.5 4

 5 Open market paper 29.1 34.5 34.0 39.2 42.8 45.7 45.8 43.2 46.9 52.8 5

 6 Treasury securities 51.7 59.0 57.1 58.6 52.9 59.2 77.8 88.8 110.0 107.1 6

 7 Agency- and GSE-backed securities 49.4 60.0 67.0 75.7 100.8 121.0 164.2 193.0 222.8 234.1 7

 8 Municipal securities 9.7 11.7 10.7 9.1 9.0 12.3 10.2 11.4 14.7 12.8 8

 9 Corporate and foreign bonds 280.6 321.4 388.3 457.5 511.0 566.9 595.1 653.9 719.5 779.4 9

10 Other loans and advances 54.4 54.1 53.6 54.2 57.4 61.6 66.4 72.1 77.7 85.5 10

11 Mortgages 171.8 193.8 212.4 232.9 254.2 267.9 259.5 242.0 223.9 215.8 11

12 Corporate equities 74.0 76.4 80.5 81.4 91.8 81.9 135.8 151.6 205.8 231.4 12

13 Mutual fund shares 3.5 14.5 12.1 18.5 19.1 30.7 8.6 18.2 21.3 24.4 13

14 Miscellaneous assets 57.8 64.8 77.8 86.4 95.1 91.0 102.2 99.4 98.3 105.1 14

15 Total liabilities 750.8 855.9 947.3 1068.7 1185.9 1291.3 1409.6 1525.1 1677.8 1773.5 15

16 Security RPs (net) 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.6 17

18 Life insurance reserves 246.5 263.7 289.5 314.4 342.8 368.1 393.8 421.5 457.2 491.5 18

19 Pension fund reserves (1) 260.4 327.9 348.6 435.5 495.5 569.8 621.2 693.4 775.1 796.6 19

20 Taxes payable (net) 2.5 3.1 3.4 3.8 4.8 5.3 6.4 7.8 9.4 10.4 20

21 Miscellaneous liabilities 241.4 261.2 305.8 314.9 342.8 348.1 388.3 402.5 435.9 474.5 21

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 21).

L.118 Private Pension Funds (1)

Billions of dollars

 1 Total financial assets 1226.8 1285.7 1354.0 1407.2 1631.8 1629.1 1931.0 2038.4 2285.4 2436.2 1

 2 Checkable deposits and currency 3.3 1.9 1.7 4.5 4.1 3.3 3.0 3.0 3.2 4.0 2

 3 Time and savings deposits 76.6 87.0 76.2 87.1 114.6 110.4 115.9 98.8 95.4 102.1 3

 4 Money market fund shares 9.1 11.0 12.8 14.8 17.8 17.8 18.8 19.8 26.3 31.6 4

 5 Security RPs 19.2 20.9 20.4 22.7 24.8 23.5 27.2 27.4 28.3 22.2 5

 6 Credit market instruments 329.0 333.6 347.2 369.2 420.8 464.3 489.7 515.7 551.9 591.5 6

 7 Open market paper 22.1 26.4 33.6 27.5 26.9 26.4 29.7 29.5 30.2 24.0 7

 8 Treasury securities 128.6 112.8 113.0 112.7 122.4 122.4 117.1 108.7 104.3 121.1 8

 9 Agency- and GSE-backed securities 67.1 59.2 72.3 86.7 110.5 133.1 146.0 156.5 170.6 211.5 9

10 Corporate and foreign bonds 97.2 124.0 120.1 125.6 137.8 157.5 178.7 206.5 233.7 227.1 10

11 Mortgages 14.0 11.3 8.2 16.7 23.3 24.9 18.2 14.5 13.0 7.8 11

12 Corporate equities 515.8 523.5 532.6 515.2 635.5 605.9 806.2 873.7 1014.3 1013.7 12

13 Mutual fund shares 11.1 12.1 19.9 23.4 33.0 40.5 66.4 96.2 142.2 205.9 13

14 Miscellaneous assets 262.8 295.7 343.0 370.1 381.1 363.4 403.7 403.8 423.8 465.2 14

15 Unallocated insurance contracts (2) 131.8 146.9 186.3 186.9 204.7 214.8 244.5 247.6 267.9 297.9 15

16 Contributions receivable 18.7 18.7 20.3 19.0 26.3 32.3 44.4 54.3 66.6 78.3 16

17 Other 112.3 130.1 136.5 164.2 150.1 116.3 114.8 101.9 89.3 89.0 17

18 Pension fund reserves (liabilities) (3) 1250.9 1316.6 1386.0 1432.2 1663.3 1658.5 1959.7 2062.8 2308.3 2473.3 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, 1985-1994, December 9, 2010 69

L.119 State and Local Government Employee Retirement Funds

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 401.8 476.5 531.9 596.8 698.1 729.9 851.8 937.1 1042.0 1091.8 1

 2 Checkable deposits and currency 2.4 3.1 4.8 4.4 3.2 5.0 3.8 6.5 6.6 6.7 2

 3 Time and savings deposits 13.3 9.9 5.2 7.1 9.1 7.7 8.8 6.9 6.2 2.5 3

 4 Money market fund shares 1.4 1.7 2.0 2.3 2.8 2.8 3.0 3.1 4.1 5.0 4

 5 Security RPs 5.0 8.3 11.3 10.2 9.7 12.2 18.9 24.7 20.4 27.8 5

 6 Credit market instruments 252.4 297.1 328.8 350.5 381.5 402.0 404.6 441.8 468.6 478.7 6

 7 Open market paper 5.0 8.3 11.3 10.2 9.7 12.2 18.9 24.7 20.4 27.8 7

 8 Treasury securities 85.4 115.3 138.9 150.7 152.4 168.2 165.5 203.5 217.5 215.6 8

 9 Agency- and GSE-backed securities 38.1 38.1 43.0 35.3 51.2 62.9 58.0 39.8 35.8 39.9 9

10 Municipal securities 1.1 0.7 0.8 0.5 0.3 0.5 0.6 0.4 1.4 1.1 10

11 Corporate and foreign bonds 107.4 119.1 119.5 138.2 152.6 142.1 144.7 156.9 179.0 179.1 11

12 Mortgages 15.3 15.6 15.3 15.6 15.3 16.1 16.9 16.5 14.5 15.2 12

13 Corporate equities 120.1 150.2 170.1 212.6 277.8 284.6 395.0 431.7 506.2 521.7 13

14 Mutual fund shares 6.8 5.5 9.1 7.4 7.8 7.8 13.1 17.9 25.6 44.8 14

15 Miscellaneous assets 0.5 0.7 0.6 2.1 6.3 7.8 4.6 4.5 4.1 4.6 15

16 Pension fund reserves (liabilities) (1) 405.1 480.7 537.2 603.2 706.0 741.7 867.7 957.0 1065.6 1116.8 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 172.1 201.7 233.0 267.5 304.2 340.4 382.1 426.3 468.4 511.5 1

 2 Credit market instruments 0.0 0.0 1.1 2.7 4.9 7.4 10.0 13.1 16.2 19.9 2

 3 Treasury securities 0.0 0.0 1.1 2.7 4.9 7.3 9.8 12.7 15.4 19.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.5 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.4 0.4 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.1 0.3 1.0 2.4 4.4 6.2 6

 7 Miscellaneous assets (2) 172.1 201.7 232.0 264.7 299.3 332.6 371.0 410.8 447.9 485.5 7

 8 Pension fund reserves (liabilities) (3) 172.1 201.7 233.0 267.5 304.2 340.4 382.1 426.3 468.4 511.5 8

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

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
70 FFA, 1985-1994, December 9, 2010

L.121 Money Market Mutual Funds (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 242.4 290.6 313.8 335.0 424.7 493.3 535.0 539.5 559.6 600.1 1

 2 Foreign deposits 18.9 22.0 21.4 29.3 26.1 26.7 21.4 20.3 10.0 15.7 2

 3 Checkable deposits and currency 0.2 -0.0 -0.3 0.7 0.1 11.2 -0.2 -2.7 -1.2 -2.5 3

 4 Time and savings deposits 17.3 20.1 34.5 33.8 43.0 21.9 35.1 34.6 31.9 31.4 4

 5 Security RPs 25.9 31.9 38.9 41.2 54.3 58.2 67.0 65.9 66.4 68.8 5

 6 Credit market instruments 178.2 213.1 215.0 225.5 293.7 371.3 403.9 408.6 429.0 459.0 6

 7 Open market paper 98.4 104.4 110.1 127.5 184.5 204.0 190.6 173.6 164.4 187.2 7

 8 Treasury securities 24.4 27.8 14.1 11.4 14.6 44.9 78.3 78.4 79.4 66.1 8

 9 Agency- and GSE-backed securities 18.0 15.0 26.7 18.2 20.8 36.4 40.6 54.3 67.8 77.2 9

10 Municipal securities 36.4 64.1 61.8 66.1 70.1 84.0 90.6 96.0 105.6 113.4 10

11 Corporate and foreign bonds 1.0 1.8 2.2 2.3 3.7 2.0 3.8 6.3 11.7 15.2 11

12 Miscellaneous assets 2.0 3.6 4.4 4.6 7.5 4.0 7.7 12.7 23.7 27.8 12

13 Total shares outstanding (liabilities) 242.4 290.6 313.8 335.0 424.7 493.3 535.0 539.5 559.6 600.1 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 245.9 426.5 480.2 500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 1

 2 Security RPs 1.3 2.8 3.6 4.9 4.8 6.1 12.2 21.9 38.7 43.1 2

 3 Credit market instruments 129.9 259.9 291.1 304.5 327.2 360.1 440.2 566.4 725.9 718.8 3

 4 Open market paper 7.9 15.8 19.5 28.6 28.0 28.5 12.2 21.9 38.7 43.1 4

 5 Treasury securities 38.8 71.2 84.1 80.3 81.4 87.1 103.9 110.4 134.0 130.5 5

 6 Agency- and GSE-backed securities 26.1 63.4 66.2 62.8 64.5 72.6 96.7 147.0 172.6 165.8 6

 7 Municipal securities 34.9 67.0 74.8 82.9 98.6 112.6 139.7 168.4 211.3 207.0 7

 8 Corporate and foreign bonds 22.2 42.4 46.6 49.8 54.6 59.3 87.7 118.7 169.3 172.4 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate equities 113.7 161.2 181.7 187.6 250.5 233.2 308.9 401.3 607.4 709.6 10

11 Miscellaneous assets 1.0 2.7 3.8 3.5 7.1 8.9 8.2 3.0 3.3 5.9 11

12 Total shares outstanding (liabilities) 245.9 426.5 480.2 500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 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 8.3 14.5 21.3 43.2 52.5 52.9 71.2 93.5 116.1 117.8 1

 2 Credit market instruments 4.1 7.0 11.0 28.8 35.4 36.7 49.5 69.7 89.7 86.0 2

 3 Treasury securities 0.6 1.0 1.6 4.8 6.6 6.8 10.0 11.6 13.7 12.8 3

 4 Municipal securities 1.0 2.0 3.3 7.5 12.1 14.1 25.4 39.7 51.8 53.4 4

 5 Corporate and foreign bonds 2.5 3.9 6.1 16.5 16.7 15.7 14.1 18.3 24.2 19.8 5

 6 Corporate equities 4.2 7.5 10.4 14.3 17.1 16.2 21.8 23.8 26.5 31.9 6

 7 Total shares outstanding (liabilities) 8.3 14.5 21.3 43.2 52.5 52.9 71.2 93.5 116.1 117.8 7

 Exchange-traded funds

 8 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.4 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 0.0 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.4 13

14 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.4 14
FFA, 1985-1994, December 9, 2010 71

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 324.0 346.4 374.4 421.7 454.2 477.6 496.9 552.8 631.7 782.3 1

 2 Checkable deposits and currency 2.1 3.7 3.6 3.6 2.3 2.1 1.2 1.2 2.1 1.3 2

 3 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Federal funds and security RPs (net) 26.9 29.4 27.2 33.8 61.8 68.7 67.6 66.6 50.3 85.8 4

 5 Credit market instruments 291.0 307.6 330.9 364.2 359.9 373.9 388.9 458.1 546.7 667.9 5

 6 Open market paper 0.1 0.1 0.0 0.4 3.3 3.8 10.9 13.5 11.9 26.3 6

 7 Treasury securities 6.8 16.3 21.0 26.3 13.0 34.3 40.8 58.7 51.6 51.9 7

 8 Agency- and GSE-backed securities 0.8 0.2 0.1 0.3 6.3 11.9 34.8 47.5 66.0 130.8 8

 9 Municipal securities 1.6 2.3 2.4 2.9 2.9 3.7 3.0 3.2 3.1 5.2 9

10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.1 20.0 10

11 Other loans and advances 115.2 132.8 157.8 176.6 168.0 144.8 110.7 111.3 135.2 158.8 11

12 Sallie Mae 4.3 5.2 6.6 6.3 6.8 7.8 9.0 7.4 6.6 6.6 12

13 Farm Credit System 22.0 19.0 18.2 17.5 19.4 19.9 22.7 24.0 25.4 26.3 13

14 FHLB 88.8 108.6 133.1 152.8 141.8 117.1 79.1 79.9 103.1 125.9 14

15 Mortgages 159.7 147.8 139.5 144.5 150.5 156.1 167.7 199.7 241.0 244.6 15

16 Home 111.6 105.9 102.8 109.0 114.1 119.5 130.7 161.0 201.1 204.1 16

17 Multifamily residential 8.5 8.7 8.4 9.5 12.0 13.2 14.2 15.8 17.5 18.4 17

18 Farm 39.6 33.1 28.2 25.9 24.3 23.5 22.8 22.9 22.4 22.1 18

19 Consumer credit (2) 6.8 8.2 10.0 13.2 16.0 19.2 21.1 24.2 26.8 30.4 19

20 Miscellaneous assets 3.9 5.8 12.7 20.2 30.3 32.9 39.2 26.9 32.5 27.3 20

21 Total liabilities 318.8 341.8 368.8 414.8 446.3 467.8 484.2 537.4 613.0 760.2 21

22 Credit market instruments 263.9 278.7 308.2 353.1 378.3 398.5 407.7 448.4 529.0 701.0 22

23 GSE issues (3) 257.8 273.0 303.2 348.1 373.3 393.7 402.9 443.6 524.2 701.0 23

24 U.S. government loans 6.1 5.7 5.0 5.0 5.0 4.9 4.8 4.8 4.8 0.0 24

25 Miscellaneous liabilities 54.9 63.1 60.7 61.8 68.0 69.2 76.5 89.0 84.0 59.1 25

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding

 Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and

 Freddie Mac mortgage pools (table L.125) are consolidated on Fannie Mae’s and Freddie Mac’s balance sheets.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 1

 2 Home mortgages 360.5 519.5 652.9 723.6 843.8 991.1 1130.4 1248.2 1334.3 1449.6 2

 3 Multifamily residential mortgages 7.0 11.9 16.4 21.6 25.7 28.7 26.1 23.8 22.5 22.4 3

 4 Commercial mortgages 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.4 5

 6 Total pool securities (liabilities)(2) 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated

 on Fannie Mae’s and Freddie Mac’s balance sheets (table L.124). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency-

 and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
72 FFA, 1985-1994, December 9, 2010

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 37.2 74.7 118.3 154.4 209.8 267.7 321.0 383.7 466.2 536.1 1

 2 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Agency- and GSE-backed securities (1) 10.2 53.5 81.8 107.1 99.1 103.3 76.6 60.0 83.6 106.5 3

 4 Other loans and advances 0.0 0.0 0.0 0.0 2.0 4.3 6.8 9.7 19.5 23.7 4

 5 Mortgages (2) 24.6 17.9 31.5 40.5 52.6 66.0 113.1 167.9 204.3 224.7 5

 6 Home 24.0 16.6 27.8 34.9 43.3 55.0 96.7 142.3 167.9 183.0 6

 7 Multifamily residential 0.0 0.2 0.5 1.0 1.0 0.9 3.8 6.6 8.4 9.8 7

 8 Commercial 0.6 1.1 3.1 4.6 8.4 10.1 12.6 19.1 28.1 31.8 8

 9 Consumer credit 0.0 0.0 0.0 0.0 47.3 76.7 103.0 120.3 130.5 146.1 9

10 Trade credit 2.4 3.3 5.1 6.8 8.7 17.4 21.5 25.8 28.4 35.2 10

11 Total liabilities 37.2 74.7 118.3 154.4 209.8 269.2 323.0 385.5 468.0 538.3 11

12 Commercial paper 2.4 3.3 5.1 6.8 15.7 31.4 38.7 46.9 51.6 63.9 12

13 Corporate bonds (net) (3) 34.8 71.4 113.2 147.6 194.1 237.8 284.2 338.7 416.5 474.3 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 1.5 2.0 1.9 1.9 2.2 14

15 REIT assets (5) 2.2 6.7 13.0 14.6 15.3 15.3 15.0 14.3 12.5 9.0 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

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

 The leased automobile is a tangible asset.

(5) Included in table L.128.

(6) Included in table L.110 line 36.

L.127 Finance Companies (1)

Billions of dollars

 1 Total financial assets 363.1 423.8 470.3 519.7 568.6 596.1 620.0 616.1 617.8 636.1 1

 2 Checkable deposits and currency 4.4 5.4 6.7 7.9 8.7 9.9 12.2 12.6 14.1 15.5 2

 3 Time and savings deposits 1.5 2.3 2.9 3.4 4.7 5.3 8.1 8.4 11.5 12.7 3

 4 Credit market instruments 353.2 409.9 448.3 493.3 537.3 564.8 572.5 575.0 563.1 595.1 4

 5 Corporate and foreign bonds 17.3 22.4 28.1 32.9 39.0 44.4 59.3 61.2 74.8 82.4 5

 6 Other loans and advances 150.2 165.8 200.1 228.7 250.8 268.1 263.8 264.9 249.0 274.9 6

 7 Mortgages 53.3 70.8 66.1 76.4 102.9 114.1 123.6 126.3 123.1 103.3 7

 8 Consumer credit 132.4 151.0 154.1 155.3 144.6 138.1 125.9 122.6 116.1 134.4 8

 9 Miscellaneous assets 4.0 6.2 12.4 15.1 18.0 16.1 27.2 20.2 29.1 12.9 9

10 Total liabilities 345.9 407.4 449.1 490.3 533.0 560.9 591.8 608.4 614.7 654.9 10

11 Credit market instruments 241.0 301.5 313.6 337.5 375.0 398.1 411.7 416.6 415.3 452.5 11

12 Open market paper 102.7 124.3 135.0 152.1 160.7 163.8 155.2 149.2 149.1 171.6 12

13 Corporate bonds 105.3 131.6 141.2 147.0 162.7 179.5 194.3 203.1 215.6 247.4 13

14 Bank loans n.e.c. 33.1 45.7 37.4 38.4 51.6 54.8 62.3 64.3 50.6 33.5 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 0.1 0.2 0.4 0.7 1.0 1.4 1.9 2.6 3.3 4.1 16

17 Miscellaneous liabilities 104.7 105.7 135.1 152.1 157.0 161.4 178.1 189.2 196.0 198.3 17

18 Foreign direct investment in U.S. 1.4 3.6 3.5 2.7 9.3 4.6 5.6 4.2 10.2 6.0 18

19 Investment by parent 60.6 70.9 59.4 36.8 35.2 36.7 32.4 34.3 35.6 41.8 19

20 Other 42.8 31.2 72.2 112.7 112.4 120.1 140.1 150.6 150.3 150.5 20

 Memo:

21 Consumer leases not included above (2) 8.6 11.4 13.7 16.6 19.4 26.1 33.5 39.0 49.3 67.5 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
FFA, 1985-1994, December 9, 2010 73

L.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 10.4 15.0 23.4 28.5 30.7 28.5 29.0 28.1 30.0 31.0 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 8.7 13.7 21.2 25.4 26.0 24.2 23.6 25.0 25.4 24.6 3

 4 Agency- and GSE-backed securities 2.8 7.7 14.2 16.7 17.6 16.5 16.6 15.9 15.6 9.2 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.2 2.1 5

 6 Mortgages 5.9 5.9 7.0 8.7 8.4 7.7 7.0 8.1 8.6 13.3 6

 7 Home 0.3 0.3 0.3 0.4 0.4 0.4 0.4 1.1 2.2 5.1 7

 8 Multifamily residential 1.8 1.8 2.1 2.6 2.5 2.3 2.2 2.2 1.9 2.1 8

 9 Commercial 3.8 3.9 4.5 5.6 5.4 5.0 4.5 4.8 4.5 6.1 9

10 Miscellaneous assets 1.7 1.3 2.2 3.1 4.7 4.3 5.4 3.1 4.6 6.4 10

11 Total liabilities 8.3 14.1 22.5 28.4 29.1 28.9 31.5 33.5 37.2 55.1 11

12 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.9 5.0 9.7 12

13 Credit market instruments 7.6 13.3 21.3 24.8 26.9 27.7 28.6 28.2 29.9 40.0 13

14 Open market paper 0.7 1.1 1.4 1.3 1.1 0.9 0.9 0.9 0.6 0.0 14

15 Corporate bonds 3.7 8.5 15.3 17.1 18.0 18.1 17.9 18.2 16.8 15.3 15

16 Bank loans n.e.c. 0.7 1.0 1.5 3.1 4.1 4.4 5.0 3.7 3.6 6.0 16

17 Mortgages 2.5 2.8 3.1 3.4 3.7 4.3 4.8 5.4 8.9 18.7 17

18 Miscellaneous liabilities 0.7 0.8 1.2 3.5 2.1 1.2 2.9 2.4 2.3 5.3 18

 Memo:

19 Securitized assets included above 2.2 6.7 13.0 14.6 15.3 15.3 15.0 14.3 12.5 9.0 19

20 Agency- and GSE-backed securities 2.2 6.7 13.0 14.6 15.3 15.3 15.0 13.7 11.4 6.4 20

21 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 1.1 2.5 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 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23
74 FFA, 1985-1994, December 9, 2010

L.129 Security Brokers and Dealers

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 156.0 184.6 137.9 135.9 236.6 262.1 332.5 381.7 478.8 454.7 1

 2 Checkable deposits and currency 6.3 8.5 7.4 9.4 9.8 10.2 10.2 10.4 12.3 12.0 2

 3 Credit market instruments 58.2 66.3 39.8 23.5 103.7 106.5 124.0 122.7 137.5 93.3 3

 4 Open market paper 14.5 12.6 14.2 14.8 17.8 18.4 14.0 15.2 14.9 11.2 4

 5 Treasury securities -4.0 4.1 -16.7 -47.4 21.5 7.3 5.7 -7.7 -28.3 -42.7 5

 6 Agency- and GSE-backed securities 4.9 9.8 14.6 19.5 24.4 44.0 54.0 53.0 60.8 45.0 6

 7 Municipal securities 19.9 16.6 8.3 7.5 7.1 7.9 9.4 11.3 17.1 15.5 7

 8 Corporate and foreign bonds 22.9 23.2 19.4 29.1 32.9 28.9 40.9 50.9 73.0 64.4 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate equities 14.1 17.7 10.7 12.2 14.1 9.6 14.3 14.8 24.2 20.1 10

11 Security credit 50.7 57.4 41.8 43.5 42.5 38.8 55.1 53.5 76.1 75.1 11

12 Miscellaneous assets 26.8 34.7 38.2 47.2 66.5 97.0 129.0 180.4 228.6 254.2 12

13 Total liabilities 141.3 164.3 114.5 111.5 213.2 239.2 308.7 352.8 460.6 429.1 13

14 Security RPs (net) 23.7 35.6 -8.8 -21.9 64.2 81.0 106.7 106.4 126.4 103.4 14

15 Credit market instruments 1.3 3.4 3.2 7.5 13.8 15.3 19.0 21.7 33.7 34.3 15

16 Corporate bonds 1.3 3.4 3.2 7.5 13.8 15.3 19.0 21.7 33.7 34.3 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 8.0 7.6 6.8 8.5 8.0 6.1 6.8 7.4 10.1 9.1 18

19 Security credit 80.5 83.6 73.5 74.8 91.4 98.6 133.8 164.2 202.9 203.9 19

20 Customer credit balances (HH) 35.1 44.0 39.1 40.9 53.2 62.4 87.0 76.2 102.3 109.0 20

21 From banks 45.4 39.6 34.4 33.9 38.2 36.2 46.8 88.0 100.7 94.9 21

22 Taxes payable 0.8 0.9 0.4 0.5 0.6 0.7 0.9 0.9 1.4 1.2 22

23 Miscellaneous liabilities 27.0 33.1 39.4 42.0 35.2 37.5 41.5 52.2 86.1 77.2 23

24 Foreign direct investment in U.S. 3.8 3.6 3.1 4.8 6.3 3.8 5.8 5.3 23.7 14.0 24

25 Due to affiliates 16.0 19.4 36.7 60.7 72.6 61.8 65.6 88.1 111.5 123.8 25

26 Other 7.1 10.1 -0.5 -23.5 -43.7 -28.0 -29.9 -41.3 -49.1 -60.6 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 123.5 134.5 171.7 203.3 218.6 235.6 268.4 327.4 331.1 356.5 1

 2 Money market fund shares 3.7 6.3 8.5 12.5 20.6 36.6 54.1 80.9 95.8 108.9 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 81.1 82.0 107.4 115.5 120.3 117.5 122.6 131.8 109.9 106.6 4

 5 Open market paper 81.1 82.0 107.4 115.5 120.3 117.5 122.6 131.8 105.9 92.6 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0 14.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 38.7 46.2 55.8 75.4 77.8 81.4 91.7 114.8 125.4 141.0 9

10 Investment in foreign banking offices 22.7 26.9 34.1 46.9 49.5 47.6 47.2 51.1 44.5 44.1 10

11 Investment in brokers and dealers 16.0 19.4 21.7 28.5 28.3 33.8 44.5 63.7 80.8 96.9 11

12 Total liabilities 123.5 134.5 171.7 203.3 218.6 235.6 268.4 327.4 331.1 356.5 12

13 Credit market instruments 38.7 58.7 79.7 117.8 130.3 147.1 143.1 168.6 180.3 211.0 13

14 Open market paper 35.6 54.1 72.5 111.6 125.4 139.4 128.4 142.2 140.3 151.1 14

15 Corporate bonds 3.1 4.6 7.2 6.2 4.9 7.7 14.7 26.4 40.0 60.0 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 84.8 75.8 92.0 85.6 88.4 88.5 125.3 158.9 150.8 145.4 18

19 Foreign direct investment in U.S. 0.0 -12.4 -23.9 -42.4 -52.4 -65.7 -51.4 -53.8 -54.9 -70.1 19

20 Securities loaned (net) 6.9 12.0 15.1 23.2 39.3 71.4 102.9 153.5 197.1 221.7 20

21 Equity interest 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) 78.0 76.2 100.8 104.8 101.5 82.7 73.7 59.1 8.6 -6.2 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, 1985-1994, December 9, 2010 75

L.200 U.S. Official Reserve Assets (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 37.5 43.4 41.7 43.3 70.0 79.2 73.7 67.0 69.1 70.4 1

 2 Federal government: SDR allocations 5.4 6.0 7.0 6.6 6.4 7.0 7.0 6.7 6.7 7.2 2

 3 Rest of the world 32.1 37.5 34.7 36.7 63.6 72.3 66.7 60.3 62.4 63.3 3

 4 SDR holdings 7.3 8.4 10.3 9.6 10.0 11.0 11.2 8.5 9.0 10.0 4

 5 Reserve position in IMF (net) 12.0 11.7 11.3 9.7 9.0 9.1 9.5 11.8 11.8 12.0 5

 6 Foreign currency holdings 12.9 17.3 13.1 17.4 44.6 52.2 45.9 40.0 41.5 41.2 6

 7 Total assets 48.6 54.5 52.8 54.4 81.0 90.3 84.7 78.1 80.2 81.5 7

 8 Federal government 25.1 28.0 29.1 27.7 32.3 39.7 39.1 38.8 40.2 41.4 8

 9 Monetary gold (2) 0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 0.0 9

10 SDR holdings 7.3 8.4 10.3 9.6 10.0 11.0 11.2 8.5 9.0 10.0 10

11 Reserve position in IMF (net) 12.0 11.8 11.4 9.8 9.1 9.1 9.6 11.9 11.9 12.1 11

12 Foreign currency holdings 5.8 7.9 7.4 8.2 13.2 19.6 18.3 18.5 19.2 19.2 12

13 Rest of the world: SDR allocations 5.4 6.0 7.0 6.6 6.4 7.0 7.0 6.7 6.7 7.2 13

14 Monetary authority 18.1 20.5 16.7 20.1 42.3 43.6 38.6 32.5 33.3 33.0 14

15 Monetary gold (2) 11.1 11.1 11.1 11.1 11.1 11.1 11.1 11.1 11.1 11.1 15

16 Reserve position in IMF (net) -0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

17 Foreign currency holdings 7.0 9.5 5.7 9.1 31.3 32.6 27.6 21.5 22.3 22.0 17

18 Discrepancy: monetary gold -11.1 -11.1 -11.1 -11.1 -11.1 -11.1 -11.1 -11.1 -11.1 -11.1 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 SDR Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 4.7 5.0 5.0 5.0 8.5 10.0 10.0 8.0 8.0 8.0 1

 2 Asset: Monetary authority 4.7 5.0 5.0 5.0 8.5 10.0 10.0 8.0 8.0 8.0 2

 Treasury currency:

 3 Liab: Federal government 13.3 13.8 14.2 14.7 15.3 16.3 16.3 16.5 17.0 17.6 3

 4 Asset: Monetary authority 17.1 17.6 18.2 18.8 19.6 20.4 21.0 21.4 22.1 23.0 4

 5 Discrepancy (seigniorage) -3.8 -3.8 -4.0 -4.1 -4.3 -4.1 -4.7 -4.9 -5.1 -5.3 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 148.5 179.9 213.3 228.7 266.8 297.9 273.5 267.7 271.8 373.9 1

 Held by:

 2 Household sector 7.8 8.8 9.8 10.7 11.9 13.4 14.6 15.6 15.8 18.8 2

 3 Nonfinancial corporate business 16.0 19.2 16.3 21.6 14.7 14.7 16.4 15.8 14.5 15.7 3

 4 Money market mutual funds 18.9 22.0 21.4 29.3 26.1 26.7 21.4 20.3 10.0 15.7 4

 5 Discrepancy--unallocated assets 105.8 129.9 165.9 167.1 214.2 243.1 221.1 216.1 231.6 323.7 5
76 FFA, 1985-1994, December 9, 2010

L.203 Net Interbank Transactions

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 10.3 41.7 75.3 77.3 66.4 95.7 96.0 138.2 188.7 278.4 1

 2 Monetary authority 54.2 73.8 66.6 66.9 67.0 71.2 63.0 63.9 67.6 68.9 2

 3 Depository institution reserves 28.6 48.1 41.8 39.3 38.3 38.7 29.4 32.1 35.0 30.8 3

 4 Vault cash 25.5 25.7 24.9 27.6 28.7 32.6 33.6 31.9 32.7 38.1 4

 5 Commercial banking -43.8 -32.0 8.7 10.4 -0.6 24.4 33.0 74.2 121.0 209.5 5

 6 To monetary authority 4.0 2.8 4.6 3.5 1.6 2.4 0.9 3.9 1.0 -0.5 6

 7 To banks in foreign countries, net -30.9 -15.2 29.3 35.2 27.7 53.3 36.6 79.9 125.4 218.2 7

 8 Liabilities, net -16.9 -2.2 40.2 45.7 36.3 61.5 47.6 89.2 135.4 229.0 8

 9 U.S.-chartered commercial banks -2.6 -6.2 10.0 12.3 4.3 21.0 15.3 -11.5 7.9 82.3 9

10 Due to foreign affiliates 42.8 37.8 49.8 61.9 52.2 67.1 74.5 84.2 90.8 143.4 10

11 - Due from foreign affiliates 45.5 44.0 39.8 49.6 47.9 46.1 59.2 95.6 82.9 61.1 11

12 Foreign banking offices in U.S. 2.3 19.2 42.0 43.5 40.3 48.4 42.7 105.1 134.3 161.3 12

13 Due to foreign affiliates 43.0 61.6 74.7 75.0 61.8 69.6 75.1 84.6 83.0 84.3 13

14 - Due from foreign affiliates 40.6 42.4 32.7 31.4 21.5 21.3 32.4 -20.5 -51.3 -77.0 14

15 Bank holding companies -16.6 -15.3 -11.8 -10.1 -8.3 -7.9 -10.3 -4.5 -6.8 -14.6 15

16 Due to foreign affiliates 3.5 4.7 5.6 10.3 8.1 8.6 7.9 8.9 6.6 4.1 16

17 - Due from foreign affiliates 20.1 20.0 17.4 20.4 16.4 16.5 18.1 13.4 13.3 18.7 17

18 Less: Deposits at foreign banks 14.0 12.9 10.9 10.5 8.6 8.2 11.0 9.3 10.0 10.8 18

19 U.S. chartered commercial banks 12.6 11.6 9.7 9.6 7.2 6.5 9.4 7.7 8.4 8.0 19

20 Foreign banking offices in U.S. 1.4 1.3 1.2 1.0 1.4 1.7 1.6 1.6 1.6 2.9 20

21 To U.S. banking, net -17.0 -19.7 -25.2 -28.2 -29.8 -31.3 -4.6 -9.5 -5.4 -8.2 21

22 U.S.-chartered commercial banks -44.2 -44.9 -44.3 -44.2 -55.4 -68.3 -48.4 -33.8 -20.6 -15.0 22

23 Due to: 33.5 38.3 39.9 44.2 50.6 40.0 48.9 38.3 44.2 49.0 23

24 Foreign offices in U.S. 30.2 37.5 46.6 53.6 61.5 66.7 51.2 46.4 48.2 56.3 24

25 Bank holding companies 20.2 20.4 18.5 18.8 18.9 4.6 2.4 1.4 1.3 0.9 25

26 Unallocated -17.0 -19.7 -25.2 -28.2 -29.8 -31.3 -4.6 -9.5 -5.4 -8.2 26

27 Less, due from: 77.6 83.2 84.2 88.4 106.0 108.3 97.3 72.1 64.7 64.0 27

28 Foreign offices in U.S. 68.6 74.7 75.8 85.1 101.4 107.1 99.0 77.2 66.7 60.2 28

29 Bank holding companies 9.0 8.5 8.3 3.3 4.6 1.2 -1.7 -5.1 -1.9 3.8 29

30 Foreign banking offices in U.S. 38.4 37.2 29.2 31.5 39.9 40.3 47.8 30.8 18.5 3.9 30

31 Due to U.S. banks 68.6 74.7 75.8 85.1 101.4 107.1 99.0 77.2 66.7 60.2 31

32 - Due from U.S. banks 30.2 37.5 46.6 53.6 61.5 66.7 51.2 46.4 48.2 56.3 32

33 Bank holding companies -11.2 -11.9 -10.2 -15.5 -14.3 -3.4 -4.1 -6.5 -3.3 2.9 33

34 Due to U.S. banks 9.0 8.5 8.3 3.3 4.6 1.2 -1.7 -5.1 -1.9 3.8 34

35 - Due from U.S. banks 20.2 20.4 18.5 18.8 18.9 4.6 2.4 1.4 1.3 0.9 35

36 Total assets 27.4 61.4 100.6 105.6 96.3 127.0 100.6 147.7 194.1 286.6 36

37 Rest of the world -30.9 -15.2 29.3 35.2 27.7 53.3 36.6 79.9 125.4 218.2 37

38 Domestic 58.2 76.6 71.3 70.4 68.6 73.7 64.0 67.9 68.6 68.4 38

39 Monetary authority 4.0 2.8 4.6 3.5 1.6 2.4 0.9 3.9 1.0 -0.5 39

40 Federal Reserve float 1.0 1.3 0.8 1.3 1.1 2.2 0.7 3.3 0.9 -0.7 40

41 Loans to member banks 3.1 1.6 3.8 2.2 0.5 0.2 0.2 0.7 0.1 0.2 41

42 Commercial banking 51.6 69.6 61.6 61.5 62.4 67.6 60.3 61.0 64.2 66.1 42

43 Reserves at Federal Reserve 26.0 43.9 36.7 33.9 33.8 35.0 26.7 29.1 31.6 28.0 43

44 Vault cash 25.5 25.7 24.9 27.6 28.7 32.6 33.6 31.9 32.7 38.1 44

45 Savings insts.: Reserves at Fed. Res. 2.6 4.2 5.1 5.4 4.6 3.7 2.8 3.0 3.4 2.8 45

46 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 46

47 Discrepancy--floats, etc. -17.0 -19.7 -25.2 -28.2 -29.8 -31.3 -4.6 -9.5 -5.4 -8.2 47
FFA, 1985-1994, December 9, 2010 77

L.204 Checkable Deposits and Currency

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 713.5 838.9 842.9 885.1 892.2 934.7 1022.5 1134.7 1252.0 1240.2 1

 2 Monetary authority 182.4 195.7 212.4 230.1 240.3 264.4 295.1 311.3 348.5 374.2 2

 3 Federal government cash and deposits 9.9 8.0 5.8 9.1 6.7 9.5 18.3 8.0 15.2 7.5 3

 4 Due to government-sponsored enterprises 0.0 0.9 1.0 0.5 1.2 0.2 1.6 0.2 0.3 0.8 4

 5 Deposits due to foreign 0.5 0.4 0.3 0.4 0.6 0.4 1.0 0.2 0.4 0.3 5

 6 Currency outside banks 171.9 186.3 205.3 220.1 231.8 254.4 274.2 302.8 332.6 365.7 6

 7 Commercial banking 473.7 568.2 548.5 565.6 562.2 584.0 621.6 714.3 788.4 756.7 7

 8 Federal government deposits 25.8 27.5 21.6 29.0 25.6 30.9 36.4 30.6 42.6 23.8 8

 9 Deposits due to foreign 20.7 23.5 22.2 21.6 21.5 21.4 19.4 21.7 21.2 23.2 9

10 Private domestic deposits 427.3 517.3 504.7 515.1 515.1 531.6 565.7 662.1 724.5 709.8 10

11 Savings institutions 44.8 61.9 67.2 74.0 72.8 68.0 85.3 84.0 88.3 80.4 11

12 Credit unions 12.6 13.0 14.7 15.5 16.8 18.3 20.5 25.1 26.8 28.8 12

13 Total assets 713.5 838.9 842.9 885.1 892.2 934.7 1022.5 1134.7 1252.0 1240.2 13

14 Household sector 323.7 439.6 443.2 441.4 443.5 432.8 484.8 596.1 644.5 614.5 14

15 Nonfinancial business 198.3 202.4 212.9 231.4 241.7 250.1 259.1 260.3 284.2 308.3 15

16 Corporate 125.7 127.2 136.8 150.7 159.8 165.8 172.7 168.4 188.9 200.6 16

17 Nonfarm noncorporate 61.3 63.5 64.2 68.5 69.4 71.2 72.7 77.3 79.5 91.5 17

18 Farm 11.3 11.7 12.0 12.2 12.5 13.0 13.8 14.6 15.7 16.2 18

19 State and local governments 14.8 17.3 16.5 24.9 25.2 24.0 30.4 31.6 33.6 35.3 19

20 Federal government 34.0 32.8 21.4 32.1 25.6 25.4 50.9 31.7 52.2 27.8 20

21 Rest of the world 54.4 59.6 62.0 65.6 69.5 85.8 97.2 109.8 126.2 148.6 21

22 Checkable deposits 21.2 23.9 22.5 21.9 22.1 21.8 20.4 21.9 21.6 23.5 22

23 Currency 33.3 35.7 39.5 43.7 47.4 64.0 76.8 87.9 104.5 125.1 23

24 Financial sectors 49.2 56.2 52.1 59.6 57.8 71.1 61.2 61.7 70.4 69.6 24

25 Commercial banking 4.5 4.4 3.6 3.0 2.6 2.5 1.8 1.3 1.0 1.4 25

26 Savings institutions 13.3 13.9 10.1 11.9 11.2 10.7 13.1 12.5 15.5 13.9 26

27 Credit unions 3.3 4.0 4.0 4.2 4.8 4.8 5.4 6.6 6.5 6.5 27

28 Property-casualty insurance companies 4.3 5.6 5.5 5.4 6.0 6.5 5.3 5.6 5.2 5.0 28

29 Life insurance companies 5.1 5.8 4.9 4.6 5.0 4.9 5.5 4.8 5.2 5.6 29

30 Private pension funds 3.3 1.9 1.7 4.5 4.1 3.3 3.0 3.0 3.2 4.0 30

31 State and local govt. retirement funds 2.4 3.1 4.8 4.4 3.2 5.0 3.8 6.5 6.6 6.7 31

32 Money market mutual funds 0.2 -0.0 -0.3 0.7 0.1 11.2 -0.2 -2.7 -1.2 -2.5 32

33 Government-sponsored enterprises 2.1 3.7 3.6 3.6 2.3 2.1 1.2 1.2 2.1 1.3 33

34 Finance companies 4.4 5.4 6.7 7.9 8.7 9.9 12.2 12.6 14.1 15.5 34

35 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Brokers and dealers 6.3 8.5 7.4 9.4 9.8 10.2 10.2 10.4 12.3 12.0 36

37 Mail float 39.0 31.0 34.8 30.2 28.8 45.6 38.9 43.5 41.0 36.0 37
78 FFA, 1985-1994, December 9, 2010

L.205 Time and Savings Deposits 

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 2340.8 2470.4 2589.9 2782.3 2898.1 2895.9 2839.1 2708.7 2614.8 2597.0 1

 2 Small time and savings deposits 1852.3 1978.3 2048.0 2187.2 2285.2 2349.1 2350.7 2293.4 2223.1 2185.8 2

 3 Commercial banking 907.9 982.3 1010.1 1083.9 1184.7 1307.7 1386.5 1389.2 1377.2 1376.2 3

 4 U.S.-chartered commercial banks 897.2 968.9 996.2 1069.2 1165.7 1287.6 1367.5 1369.5 1358.5 1357.9 4

 5 Foreign banking offices in U.S. 4.9 7.1 7.8 8.3 12.0 11.0 11.0 11.2 10.4 9.3 5

 6 Banks in U.S.-affiliated areas 5.8 6.3 6.2 6.4 7.0 9.1 8.1 8.5 8.2 9.0 6

 7 Savings institutions 832.7 858.1 888.7 942.8 935.8 862.3 767.7 692.2 624.1 582.3 7

 8 Credit unions 111.7 137.8 149.2 160.5 164.7 179.1 196.5 212.0 221.8 227.3 8

 9 Large time deposits (1) 488.5 492.1 541.9 595.1 613.0 546.9 488.4 415.2 391.7 411.2 9

10 Commercial banking 332.1 333.6 375.0 416.8 445.7 423.6 399.6 332.8 311.7 333.0 10

11 U.S.-chartered commercial banks 295.6 289.0 326.7 361.9 385.8 365.4 292.3 216.1 196.1 214.0 11

12 Foreign banking offices in U.S. 30.7 38.3 42.1 48.4 52.9 49.2 99.3 108.2 107.4 110.0 12

13 Banks in U.S.-affiliated areas 5.8 6.3 6.2 6.4 7.0 9.1 8.1 8.5 8.2 9.0 13

14 Savings institutions 155.3 156.7 164.9 175.9 161.7 119.9 84.6 76.7 73.0 71.0 14

15 Credit unions 1.2 1.8 2.1 2.5 5.5 3.4 4.2 5.8 6.9 7.3 15

16 Total assets 2340.8 2470.4 2589.9 2782.3 2898.1 2895.9 2839.1 2708.7 2614.8 2597.0 16

17 Household sector 1989.5 2079.5 2200.9 2380.0 2459.1 2489.6 2411.4 2303.7 2190.9 2164.2 17

18 Nonfinancial business 109.9 127.8 126.3 129.2 129.0 125.6 130.8 136.2 155.6 163.5 18

19 Corporate 69.3 85.5 85.9 82.3 80.6 74.6 77.6 76.0 92.0 96.4 19

20 Nonfarm noncorporate 40.6 42.3 40.4 47.0 48.4 51.0 53.2 60.2 63.6 67.2 20

21 State and local governments 65.9 68.2 75.3 73.4 70.6 67.5 56.5 50.3 48.8 55.3 21

22 Federal government 1.2 1.4 1.7 1.4 1.3 1.4 1.6 0.9 0.8 0.7 22

23 Rest of the world 33.7 31.3 32.1 35.5 40.2 39.5 39.3 38.2 45.1 46.6 23

24 Financial sectors 140.6 162.1 153.6 162.7 198.0 172.3 199.6 179.4 173.7 166.7 24

25 Savings institutions 11.9 15.9 7.3 7.4 5.3 5.2 5.0 3.7 3.0 1.3 25

26 Credit unions 20.0 27.0 27.4 24.0 21.2 21.7 26.7 27.0 25.6 16.7 26

27 Private pension funds 76.6 87.0 76.2 87.1 114.6 110.4 115.9 98.8 95.4 102.1 27

28 State and local govt. retirement funds 13.3 9.9 5.2 7.1 9.1 7.7 8.8 6.9 6.2 2.5 28

29 Money market mutual funds 17.3 20.1 34.5 33.8 43.0 21.9 35.1 34.6 31.9 31.4 29

30 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 1.5 2.3 2.9 3.4 4.7 5.3 8.1 8.4 11.5 12.7 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 242.4 290.6 313.8 335.0 424.7 493.3 535.0 539.5 559.6 600.1 1

 2 Household sector 196.3 235.1 256.0 273.0 351.1 389.4 407.7 365.5 363.5 373.1 2

 3 Nonfinancial corporate business 14.5 14.9 15.8 10.3 10.4 19.7 24.1 37.6 33.9 37.1 3

 4 Nonfarm noncorporate business 0.0 3.2 3.1 5.3 5.8 6.7 7.4 9.7 10.9 15.1 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 5.9 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.4 1.2 2.0 2.7 3.5 4.3 6

 7 Property-casualty insurance companies 8.3 8.3 8.6 9.8 9.7 10.8 9.4 11.4 11.1 10.3 7

 8 Life insurance companies 9.1 10.0 6.9 7.0 6.2 8.4 8.5 8.7 8.8 8.9 8

 9 Private pension funds 9.1 11.0 12.8 14.8 17.8 17.8 18.8 19.8 26.3 31.6 9

10 State and local govt. retirement funds 1.4 1.7 2.0 2.3 2.8 2.8 3.0 3.1 4.1 5.0 10

11 Funding corporations 3.7 6.3 8.5 12.5 20.6 36.6 54.1 80.9 95.8 108.9 11
FFA, 1985-1994, December 9, 2010 79

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 250.6 298.5 292.6 318.7 396.4 371.9 353.8 393.6 455.2 524.0 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Commercial banking (net) 186.4 205.4 215.7 236.6 274.4 248.4 227.5 265.8 297.7 366.3 3

 4 U.S.-chartered commercial banks 178.8 189.4 201.3 217.7 253.3 219.2 190.5 227.9 263.7 325.9 4

 5 Foreign banking offices in U.S. 7.6 16.1 14.4 18.9 21.2 29.6 38.4 39.0 34.7 41.4 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 -0.0 -0.4 -1.4 -1.2 -0.8 -0.9 6

 7 Savings institutions 40.4 57.5 85.7 103.9 57.8 42.5 19.6 18.6 26.1 44.5 7

 8 Life insurance companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.9 5.0 9.7 9

10 Brokers and dealers (net) 23.7 35.6 -8.8 -21.9 64.2 81.0 106.7 106.4 126.4 103.4 10

11 Total assets 198.9 234.8 241.9 257.1 326.0 356.9 377.9 412.4 431.3 438.4 11

12 Nonfinancial corporate business 3.4 5.1 3.4 5.0 2.8 2.1 1.6 5.1 2.5 2.2 12

13 State and local governments 74.1 79.0 90.9 89.9 106.0 111.8 118.4 123.1 133.7 118.6 13

14 Rest of the world (net) 7.5 10.9 13.1 13.0 23.1 19.7 20.9 41.7 58.6 46.6 14

15 Financial sectors 113.9 139.9 134.5 149.2 194.1 223.3 237.0 242.6 236.4 270.9 15

16 Monetary authority 5.2 16.0 5.0 6.9 2.1 18.4 15.9 8.1 13.2 10.6 16

17 Savings institutions 22.1 19.9 19.0 20.2 24.2 21.6 15.1 14.4 10.6 6.5 17

18 Credit unions (net) 8.4 10.9 9.2 9.4 12.5 14.6 13.2 13.5 8.5 6.2 18

19 Property-casualty insurance companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Private pension funds 19.2 20.9 20.4 22.7 24.8 23.5 27.2 27.4 28.3 22.2 20

21 State and local govt. retirement funds 5.0 8.3 11.3 10.2 9.7 12.2 18.9 24.7 20.4 27.8 21

22 Money market mutual funds 25.9 31.9 38.9 41.2 54.3 58.2 67.0 65.9 66.4 68.8 22

23 Mutual funds 1.3 2.8 3.6 4.9 4.8 6.1 12.2 21.9 38.7 43.1 23

24 Government-sponsored enterprises (net) 26.9 29.4 27.2 33.8 61.8 68.7 67.6 66.6 50.3 85.8 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Discrepancy--unallocated assets 51.7 63.7 50.7 61.5 70.4 15.0 -24.1 -18.8 23.9 85.6 26

L.208 Open Market Paper

Billions of dollars

 1 Total outstanding, all types 358.5 384.9 437.9 513.4 579.2 609.9 565.9 579.0 580.0 623.5 1

 2 Commercial paper 293.9 326.1 373.6 451.8 521.9 557.8 528.1 545.1 553.8 600.1 2

 3 Nonfinancial corporate business 72.2 62.9 73.8 85.7 107.1 116.9 98.5 107.1 117.8 139.2 3

 4 Foreign issues in U.S. 33.9 37.4 41.2 49.9 63.0 75.3 82.1 78.4 68.8 42.7 4

 5 Nonfinancial 8.0 10.1 12.5 12.0 16.3 20.6 26.1 30.6 27.5 15.2 5

 6 Financial 26.0 27.3 28.7 38.0 46.7 54.8 56.0 47.8 41.3 27.5 6

 7 Financial business 187.8 225.9 258.6 316.1 351.7 365.6 347.5 359.6 367.1 418.2 7

 8 Commercial banking 46.4 43.1 44.6 44.4 48.8 30.1 24.3 20.4 25.6 31.6 8

 9 ABS issuers 2.4 3.3 5.1 6.8 15.7 31.4 38.7 46.9 51.6 63.9 9

10 Finance companies 102.7 124.3 135.0 152.1 160.7 163.8 155.2 149.2 149.1 171.6 10

11 REITs 0.7 1.1 1.4 1.3 1.1 0.9 0.9 0.9 0.6 0.0 11

12 Funding corporations 35.6 54.1 72.5 111.6 125.4 139.4 128.4 142.2 140.3 151.1 12

13 Bankers’ acceptances (1) 64.6 58.8 64.3 61.6 57.4 52.1 37.8 33.9 26.3 23.4 13

14 Holdings, by sector 358.5 384.9 437.9 513.4 579.2 609.9 565.9 579.0 580.0 623.5 14

15 Household sector 56.5 56.1 55.3 93.6 87.9 93.7 58.5 52.7 65.0 69.7 15

16 Nonfinancial corporate business 10.5 10.2 15.0 13.6 14.3 13.8 14.7 17.0 19.4 18.8 16

17 State and local governments 0.0 0.0 0.2 0.7 1.6 4.0 9.0 14.1 17.9 22.3 17

18 Rest of the world 8.2 8.0 9.0 11.8 12.7 10.7 11.3 12.9 18.8 24.9 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) 9.7 8.6 11.2 10.1 9.9 12.7 10.6 9.2 7.3 5.8 20

21 Savings institutions 3.5 5.3 4.3 5.1 4.7 0.7 1.3 0.6 0.3 0.1 21

22 Credit unions 0.2 0.7 0.5 0.9 1.1 2.3 2.6 3.0 2.2 2.1 22

23 Property-casualty insurance companies 11.8 11.9 12.3 14.0 13.9 15.5 13.5 16.3 15.9 14.7 23

24 Life insurance companies 29.1 34.5 34.0 39.2 42.8 45.7 45.8 43.2 46.9 52.8 24

25 Private pension funds 22.1 26.4 33.6 27.5 26.9 26.4 29.7 29.5 30.2 24.0 25

26 State and local govt. retirement funds 5.0 8.3 11.3 10.2 9.7 12.2 18.9 24.7 20.4 27.8 26

27 Money market mutual funds 98.4 104.4 110.1 127.5 184.5 204.0 190.6 173.6 164.4 187.2 27

28 Mutual funds 7.9 15.8 19.5 28.6 28.0 28.5 12.2 21.9 38.7 43.1 28

29 Government-sponsored enterprises 0.1 0.1 0.0 0.4 3.3 3.8 10.9 13.5 11.9 26.3 29

30 Brokers and dealers 14.5 12.6 14.2 14.8 17.8 18.4 14.0 15.2 14.9 11.2 30

31 Funding corporations 81.1 82.0 107.4 115.5 120.3 117.5 122.6 131.8 105.9 92.6 31

(1) Excludes banks’ holdings of own acceptances.
80 FFA, 1985-1994, December 9, 2010

L.209 Treasury Securities

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 1586.6 1802.2 1944.6 2082.3 2227.0 2465.8 2757.8 3061.6 3309.9 3465.6 1

 2 Savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 2

 3 Other Treasury issues 1506.8 1708.9 1843.5 1972.7 2109.3 2339.6 2619.7 2904.3 3138.0 3285.6 3

 4 Total assets 1586.6 1802.2 1944.6 2082.3 2227.0 2465.8 2757.8 3061.6 3309.9 3465.6 4

 5 Household sector 282.2 270.9 308.2 393.5 394.9 504.0 535.5 627.3 673.2 871.0 5

 6 Savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 6

 7 Other Treasury issues 202.5 177.6 207.1 283.9 277.2 377.8 397.4 470.1 501.3 691.1 7

 8 Nonfinancial corporate business 41.1 40.3 31.8 27.9 51.4 37.6 43.4 60.6 48.8 50.8 8

 9 Nonfarm noncorporate business 5.8 10.8 9.8 10.3 11.9 12.5 12.2 13.0 13.6 18.3 9

10 State and local governments 258.7 315.7 357.6 364.3 369.1 410.6 435.5 418.2 447.8 370.0 10

11 Rest of the world 226.4 269.4 296.3 353.8 423.7 438.4 476.3 520.3 594.6 632.6 11

12 Monetary authority 177.8 197.6 218.9 233.7 226.8 235.1 266.5 295.0 332.0 364.5 12

13 Commercial banking 189.4 197.7 194.4 185.3 165.3 172.1 232.5 294.4 322.2 290.4 13

14 U.S.-chartered commercial banks 182.6 188.5 185.4 176.0 155.7 157.4 207.8 254.3 275.0 248.0 14

15 Foreign banking offices in U.S. 4.8 6.9 6.5 6.6 6.4 11.4 20.8 29.6 36.1 32.7 15

16 Bank holding companies 0.8 0.6 0.7 0.8 0.9 0.7 1.0 6.1 5.3 4.6 16

17 Banks in U.S.-affiliated areas 1.2 1.7 1.7 1.9 2.2 2.5 2.8 4.3 5.8 5.1 17

18 Savings institutions 34.5 38.0 47.5 34.9 26.8 25.9 25.0 34.0 28.2 27.1 18

19 Credit unions 6.2 8.0 11.2 14.4 12.1 8.5 14.1 19.9 22.6 22.1 19

20 Property-casualty insurance companies 32.3 46.1 54.7 64.2 75.2 83.6 108.1 113.6 129.3 137.4 20

21 Life insurance companies 51.7 59.0 57.1 58.6 52.9 59.2 77.8 88.8 110.0 107.1 21

22 Private pension funds 128.6 112.8 113.0 112.7 122.4 122.4 117.1 108.7 104.3 121.1 22

23 State and local govt. retirement funds 85.4 115.3 138.9 150.7 152.4 168.2 165.5 203.5 217.5 215.6 23

24 Federal government retirement funds 0.0 0.0 1.1 2.7 4.9 7.3 9.8 12.7 15.4 19.0 24

25 Money market mutual funds 24.4 27.8 14.1 11.4 14.6 44.9 78.3 78.4 79.4 66.1 25

26 Mutual funds 38.8 71.2 84.1 80.3 81.4 87.1 103.9 110.4 134.0 130.5 26

27 Closed-end funds 0.6 1.0 1.6 4.8 6.6 6.8 10.0 11.6 13.7 12.8 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Government-sponsored enterprises 6.8 16.3 21.0 26.3 13.0 34.3 40.8 58.7 51.6 51.9 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Brokers and dealers -4.0 4.1 -16.7 -47.4 21.5 7.3 5.7 -7.7 -28.3 -42.7 31

 Memo:

32 Federal government debt (1) 1589.9 1805.9 1949.8 2104.9 2251.2 2498.1 2776.4 3080.3 3336.5 3492.3 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
FFA, 1985-1994, December 9, 2010 81

L.210 Agency- and GSE-backed Securities (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 628.9 808.2 977.8 1116.0 1267.1 1445.9 1577.9 1734.4 1907.5 2200.2 1

 2 Budget agencies 3.2 3.6 5.1 22.6 24.2 32.4 18.6 18.8 26.6 26.7 2

 3 Government-sponsored enterprises 257.8 273.0 303.2 348.1 373.3 393.7 402.9 443.6 524.2 701.0 3

 4 Agency- and GSE-backed mortgage pools 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 4

 5 Total assets 628.9 808.2 977.8 1116.0 1267.1 1445.9 1577.9 1734.4 1907.5 2200.2 5

 6 Household sector 23.4 23.3 32.1 52.4 74.8 117.3 115.5 114.4 58.3 187.6 6

 7 Nonfinancial corporate business 4.0 2.4 2.6 6.0 9.2 3.3 5.1 8.6 19.1 19.9 7

 8 State and local governments 105.1 103.7 108.9 131.7 162.6 151.0 162.7 174.9 175.0 186.6 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 17.5 25.0 28.3 34.2 47.2 49.4 58.5 71.4 103.2 106.8 10

11 Monetary authority 8.2 7.8 7.6 7.0 6.5 6.3 6.0 5.4 4.6 3.6 11

12 Commercial banking 77.5 115.1 144.5 175.3 230.5 284.8 335.7 378.5 423.2 428.7 12

13 U.S.-chartered commercial banks 74.2 110.7 138.6 167.9 222.1 274.9 321.2 360.1 396.3 398.1 13

14 Foreign banking offices in U.S. 1.1 2.6 3.8 4.9 5.2 7.2 11.2 14.1 21.5 23.0 14

15 Bank holding companies 2.1 1.7 2.1 2.1 2.4 1.9 2.4 2.2 3.1 4.8 15

16 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.4 0.8 0.9 1.0 2.1 2.3 2.8 16

17 Savings institutions 146.8 193.1 236.7 257.2 208.9 185.7 145.0 143.0 147.3 159.9 17

18 Credit unions 7.0 8.8 8.8 7.1 6.3 14.4 19.6 28.7 36.3 40.9 18

19 Property-casualty insurance companies 22.2 22.3 22.3 22.6 26.0 32.0 42.1 42.6 44.5 45.8 19

20 Life insurance companies 49.4 60.0 67.0 75.7 100.8 121.0 164.2 193.0 222.8 234.1 20

21 Private pension funds 67.1 59.2 72.3 86.7 110.5 133.1 146.0 156.5 170.6 211.5 21

22 State and local govt. retirement funds 38.1 38.1 43.0 35.3 51.2 62.9 58.0 39.8 35.8 39.9 22

23 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.5 23

24 Money market mutual funds 18.0 15.0 26.7 18.2 20.8 36.4 40.6 54.3 67.8 77.2 24

25 Mutual funds 26.1 63.4 66.2 62.8 64.5 72.6 96.7 147.0 172.6 165.8 25

26 Government-sponsored enterprises 0.8 0.2 0.1 0.3 6.3 11.9 34.8 47.5 66.0 130.8 26

27 ABS issuers 10.2 53.5 81.8 107.1 99.1 103.3 76.6 60.0 83.6 106.5 27

28 REITs 2.8 7.7 14.2 16.7 17.6 16.5 16.6 15.9 15.6 9.2 28

29 Brokers and dealers 4.9 9.8 14.6 19.5 24.4 44.0 54.0 53.0 60.8 45.0 29

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 32.
82 FFA, 1985-1994, December 9, 2010

L.211 Municipal Securities and Loans

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 859.5 920.4 1012.0 1080.0 1129.8 1178.6 1272.1 1295.4 1361.7 1325.8 1

 2 State and local governments 651.1 724.9 817.7 884.0 931.6 977.8 1068.6 1085.2 1143.9 1097.9 2

 3 Short-term (1) 20.5 20.4 19.6 21.5 24.8 27.8 34.7 33.6 35.4 33.2 3

 4 Long-term 630.6 704.5 798.1 862.5 906.8 950.0 1033.9 1051.6 1108.5 1064.7 4

 5 Nonprofit organizations (2) 81.3 78.4 78.1 79.6 82.7 85.7 89.5 91.9 93.0 96.1 5

 6 Nonfinancial corporate business 127.0 117.1 116.2 116.4 115.5 115.2 114.0 118.3 124.9 131.7 6

 (industrial revenue bonds)

 7 Total assets 859.5 920.4 1012.0 1080.0 1129.8 1178.6 1272.1 1295.4 1361.7 1325.8 7

 8 Household sector 395.1 410.9 516.6 586.0 613.3 647.7 701.8 672.2 640.8 594.1 8

 9 Nonfinancial corporate business 25.6 25.1 19.4 16.8 32.4 24.7 44.8 45.8 54.7 56.7 9

10 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 1.6 10

11 State and local governments 9.6 10.4 10.2 10.3 10.8 11.6 11.6 10.5 9.5 8.6 11

12 Rest of the world 1.2 1.4 1.6 1.8 2.0 2.2 2.4 2.6 2.8 3.0 12

13 Commercial banking 231.7 203.4 174.3 151.6 133.8 117.4 103.2 97.5 99.2 97.6 13

14 Savings institutions 3.4 3.1 3.1 2.8 2.6 3.0 2.4 2.1 2.1 2.0 14

15 Property-casualty insurance companies 88.2 101.9 124.8 134.1 134.8 136.9 126.8 134.3 146.1 153.8 15

16 Life insurance companies 9.7 11.7 10.7 9.1 9.0 12.3 10.2 11.4 14.7 12.8 16

17 State and local govt. retirement funds 1.1 0.7 0.8 0.5 0.3 0.5 0.6 0.4 1.4 1.1 17

18 Money market mutual funds 36.4 64.1 61.8 66.1 70.1 84.0 90.6 96.0 105.6 113.4 18

19 Mutual funds 34.9 67.0 74.8 82.9 98.6 112.6 139.7 168.4 211.3 207.0 19

20 Closed-end funds 1.0 2.0 3.3 7.5 12.1 14.1 25.4 39.7 51.8 53.4 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 1.6 2.3 2.4 2.9 2.9 3.7 3.0 3.2 3.1 5.2 22

23 Brokers and dealers 19.9 16.6 8.3 7.5 7.1 7.9 9.4 11.3 17.1 15.5 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 886.4 1116.4 1282.0 1447.6 1603.5 1732.8 1915.6 2096.5 2400.8 2540.3 1

 2 Nonfinancial corporate business 578.2 705.4 784.1 887.2 961.1 1008.2 1086.9 1154.5 1229.7 1253.0 2

 3 Rest of the world (1) 75.0 85.7 93.9 104.2 116.9 144.7 176.8 200.8 309.7 310.4 3

 4 Financial sectors 233.1 325.4 404.0 456.1 525.5 580.0 651.9 741.2 861.4 976.9 4

 5 Commercial banking 74.4 90.5 104.0 109.1 113.7 108.9 113.2 127.6 134.9 142.6 5

 6 Savings institutions 10.5 15.4 19.8 21.7 18.3 12.7 8.6 5.5 3.9 3.1 6

 7 ABS issuers (net) (3) 34.8 71.4 113.2 147.6 194.1 237.8 284.2 338.7 416.5 474.3 7

 8 Finance companies 105.3 131.6 141.2 147.0 162.7 179.5 194.3 203.1 215.6 247.4 8

 9 REITs 3.7 8.5 15.3 17.1 18.0 18.1 17.9 18.2 16.8 15.3 9

10 Brokers and dealers 1.3 3.4 3.2 7.5 13.8 15.3 19.0 21.7 33.7 34.3 10

11 Funding corporations 3.1 4.6 7.2 6.2 4.9 7.7 14.7 26.4 40.0 60.0 11

12 Total assets 886.4 1116.4 1282.0 1447.6 1603.5 1732.8 1915.6 2096.5 2400.8 2540.3 12

13 Household sector 94.7 127.8 144.6 135.1 178.1 237.6 270.9 283.2 320.6 359.4 13

14 State and local governments 8.0 10.0 12.0 13.0 15.0 16.0 18.0 20.9 26.5 31.9 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) 110.7 154.9 173.2 187.4 207.8 208.7 236.0 246.0 261.4 273.5 16

17 Commercial banking 31.1 53.3 78.1 89.0 84.1 88.7 96.3 94.7 98.2 102.5 17

18 Savings institutions 56.8 64.1 88.2 105.3 91.0 75.6 72.7 80.0 89.1 86.7 18

19 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Property-casualty insurance companies 33.9 48.0 55.5 65.7 79.3 89.2 97.2 97.8 103.1 110.1 20

21 Life insurance companies 280.6 321.4 388.3 457.5 511.0 566.9 595.1 653.9 719.5 779.4 21

22 Private pension funds 97.2 124.0 120.1 125.6 137.8 157.5 178.7 206.5 233.7 227.1 22

23 State and local govt. retirement funds 107.4 119.1 119.5 138.2 152.6 142.1 144.7 156.9 179.0 179.1 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.4 0.4 24

25 Money market mutual funds 1.0 1.8 2.2 2.3 3.7 2.0 3.8 6.3 11.7 15.2 25

26 Mutual funds 22.2 42.4 46.6 49.8 54.6 59.3 87.7 118.7 169.3 172.4 26

27 Closed-end funds 2.5 3.9 6.1 16.5 16.7 15.7 14.1 18.3 24.2 19.8 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.1 20.0 29

30 Finance companies 17.3 22.4 28.1 32.9 39.0 44.4 59.3 61.2 74.8 82.4 30

31 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.2 2.1 31

32 Brokers and dealers 22.9 23.2 19.4 29.1 32.9 28.9 40.9 50.9 73.0 64.4 32

33 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0 14.0 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, 1985-1994, December 9, 2010 83

L.213 Corporate Equities (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Issues at market value 2270.4 2682.2 2710.3 3075.6 3813.0 3531.3 4847.8 5422.0 6296.9 6317.5 1

 2 Nonfinancial corporate business 1916.9 2240.8 2286.7 2558.1 3138.6 2955.8 3998.5 4361.2 4842.3 4796.8 2

 3 Rest of the world (2) 44.4 72.4 94.7 128.7 197.3 197.6 279.0 314.3 543.9 626.8 3

 4 Financial corporations 309.1 369.0 328.9 388.9 477.0 377.9 570.3 746.5 910.7 893.9 4

 5 Holdings at market value 2270.4 2682.2 2710.3 3075.6 3813.0 3531.3 4847.8 5422.0 6296.9 6317.5 5

 6 Household sector 1229.5 1494.0 1462.6 1757.1 2147.5 1961.4 2759.2 3094.2 3437.0 3294.2 6

 7 State and local governments 0.0 0.2 0.7 1.7 3.3 4.8 6.3 7.8 9.3 10.6 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) 136.8 183.2 189.0 213.4 275.7 242.6 291.2 308.8 341.0 352.8 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 0.1 0.1 0.0 0.0 4.7 2.2 3.8 3.4 4.3 2.9 11

12 Savings institutions 5.2 7.0 7.0 8.5 11.0 8.8 10.3 11.2 12.5 10.4 12

13 Property-casualty insurance companies 57.0 61.2 65.1 71.4 84.0 79.9 94.1 97.3 103.4 111.7 13

14 Life insurance companies 74.0 76.4 80.5 81.4 91.8 81.9 135.8 151.6 205.8 231.4 14

15 Private pension funds 515.8 523.5 532.6 515.2 635.5 605.9 806.2 873.7 1014.3 1013.7 15

16 State and local govt. retirement funds 120.1 150.2 170.1 212.6 277.8 284.6 395.0 431.7 506.2 521.7 16

17 Federal government retirement funds 0.0 0.0 0.0 0.0 0.1 0.3 1.0 2.4 4.4 6.2 17

18 Mutual funds 113.7 161.2 181.7 187.6 250.5 233.2 308.9 401.3 607.4 709.6 18

19 Closed-end funds 4.2 7.5 10.4 14.3 17.1 16.2 21.8 23.8 26.5 31.9 19

20 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.4 20

21 Brokers and dealers 14.1 17.7 10.7 12.2 14.1 9.6 14.3 14.8 24.2 20.1 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) 2145.4 2516.4 2522.4 2840.5 3484.7 3217.1 4424.6 4957.1 5581.6 5513.3 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 245.9 426.5 480.2 500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 1

 2 Holdings at market value 245.9 426.5 480.2 500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 2

 3 Household sector 213.8 378.7 424.5 439.1 513.0 511.5 645.0 799.4 1098.0 1096.6 3

 4 Nonfinancial corporate business 10.8 15.7 12.8 10.6 11.7 9.7 14.8 21.1 29.8 31.1 4

 5 State and local governments 0.0 0.0 0.0 0.1 1.5 4.8 9.4 14.9 21.3 29.1 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 5.8 17.4 29.0 40.6 6

 7 Commercial banking 0.0 0.0 0.0 0.0 2.2 1.9 3.7 3.4 3.9 2.0 7

 8 Credit unions 0.0 0.0 1.8 1.4 1.2 1.4 2.6 4.1 4.2 2.6 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 9

10 Life insurance companies 3.5 14.5 12.1 18.5 19.1 30.7 8.6 18.2 21.3 24.4 10

11 Private pension funds 11.1 12.1 19.9 23.4 33.0 40.5 66.4 96.2 142.2 205.9 11

12 State and local govt. retirement funds 6.8 5.5 9.1 7.4 7.8 7.8 13.1 17.9 25.6 44.8 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
84 FFA, 1985-1994, December 9, 2010

L.215 Bank Loans Not Elsewhere Classified

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 Total loans by commercial

 1 banking, flow of funds basis 1445.3 1603.3 1706.3 1854.7 2016.6 2100.2 2097.0 2139.8 2223.5 2407.1 1

 - Loans elsewhere classified:

 2 Open market paper 9.7 8.6 11.2 10.1 9.9 12.7 10.6 9.2 7.3 5.8 2

 3 Mortgages 431.2 504.7 594.8 676.9 770.7 849.3 881.3 900.5 947.8 1012.7 3

 4 Consumer credit 297.2 320.2 334.1 360.8 383.3 382.0 370.2 362.9 395.7 458.8 4

 5 Security credit 45.4 39.6 34.4 33.9 38.2 36.2 46.8 88.0 100.7 94.9 5

 6 = Banking sector total bank loans n.e.c. 661.7 730.2 731.8 773.0 814.5 820.0 788.2 779.2 772.0 834.9 6

 7 U.S.-chartered commercial banks 574.6 619.6 603.4 623.9 649.7 645.2 589.0 569.6 578.4 624.6 7

 8 Foreign banking offices in U.S. 75.8 97.7 115.1 135.6 149.6 156.5 185.8 195.7 182.0 197.2 8

 9 Bank holding companies 2.1 3.6 4.1 3.9 5.5 5.3 3.4 3.7 1.9 1.8 9

10 Banks in U.S.-affiliated areas 9.1 9.3 9.1 9.6 9.7 13.0 10.0 10.2 9.7 11.3 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. 661.7 730.2 731.8 773.0 814.5 820.0 788.2 779.2 772.0 834.9 12

13 Total liabilities 661.7 730.2 731.8 773.0 814.5 820.0 788.2 779.2 772.0 834.9 13

14 Nonfinancial sectors 617.1 673.3 683.1 721.6 749.7 751.1 711.9 702.3 709.4 786.0 14

15 Households 31.0 31.0 31.9 30.0 20.4 17.9 13.1 17.6 27.4 40.0 15

16 Corporate business 424.1 481.1 485.1 517.9 542.8 545.5 507.7 488.4 480.5 527.2 16

17 Nonfarm noncorporate business 98.5 103.1 113.8 122.4 134.3 136.4 135.0 137.7 140.2 153.9 17

18 Farm business 35.5 31.2 29.1 29.8 30.8 32.9 34.6 34.7 36.8 38.7 18

19 Rest of the world 27.9 26.9 23.3 21.5 21.4 18.5 21.6 23.9 24.6 26.1 19

20 Foreign official institutions 6.2 6.2 5.3 4.8 3.4 2.8 2.4 3.3 2.4 2.2 20

21 Foreign banks 9.7 10.7 7.8 7.8 8.6 5.9 6.9 7.6 8.8 8.8 21

22 Other foreign 12.1 10.0 10.2 8.9 9.4 9.8 12.3 13.0 13.5 15.2 22

23 Financial sectors 44.6 56.9 48.6 51.4 64.9 68.9 76.2 77.0 62.6 48.9 23

24 Savings institutions 10.9 10.2 9.7 9.9 9.2 9.7 8.9 8.9 8.4 9.3 24

25 Finance companies 33.1 45.7 37.4 38.4 51.6 54.8 62.3 64.3 50.6 33.5 25

26 REITs 0.7 1.0 1.5 3.1 4.1 4.4 5.0 3.7 3.6 6.0 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, 1985-1994, December 9, 2010 85

L.216 Other Loans and Advances

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total other loans and advances 663.0 728.0 784.0 835.5 882.9 908.3 795.9 798.7 788.0 857.4 1

 2 U.S. government loans 196.8 202.3 192.1 168.3 161.1 159.3 151.7 151.7 141.3 143.3 2

 3 Liab.: Household sector 16.5 19.4 18.7 20.1 15.6 18.6 20.8 21.6 17.2 20.4 3

 4 Nonfinancial corporate business 14.2 14.8 11.5 9.9 9.6 8.8 7.9 7.9 6.4 10.2 4

 5 Nonfarm noncorporate business 41.0 41.7 41.1 41.7 41.6 40.3 40.4 40.1 38.3 39.3 5

 6 Farm business 18.2 18.0 17.7 13.3 13.6 13.8 9.8 9.5 8.5 7.9 6

 7 State and local governments 26.8 27.3 24.9 9.0 8.8 9.6 10.0 9.9 9.2 9.6 7

 8 Rest of the world 74.0 75.5 73.3 69.3 67.0 63.3 57.9 58.0 57.0 56.0 8

 9 Government-sponsored enterprises 6.1 5.7 5.0 5.0 5.0 4.9 4.8 4.8 4.8 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 56.0 77.6 78.1 100.0 122.3 172.4 125.1 129.9 114.2 122.1 12

13 Liab.: Nonfinancial corporate business 56.0 77.6 78.1 100.0 122.3 172.4 125.1 129.9 114.2 122.1 13

 Customers’ liability on acceptances

14 outstanding (bank asset) 60.0 54.4 59.8 57.5 55.4 45.5 35.3 31.7 25.3 22.9 14

15 Liab.: Nonfinancial corporate business 28.3 28.1 32.6 32.6 35.8 29.2 23.3 20.4 17.1 15.0 15

16 Rest of the world 31.6 26.3 27.3 24.9 19.6 16.3 12.0 11.3 8.2 7.9 16

17 Savings institution loans to business 29.3 39.8 40.9 49.2 47.0 34.3 19.3 12.4 10.8 10.3 17

18 Liab.: Nonfinancial corporate business 14.7 19.9 20.4 24.6 23.5 17.2 9.7 6.2 5.4 5.1 18

19 Nonfarm noncorporate business 14.7 19.9 20.4 24.6 23.5 17.2 9.7 6.2 5.4 5.1 19

20 Credit unions loans to business 0.0 0.0 0.0 0.0 17.9 17.0 15.9 14.0 14.2 15.1 20

21 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 8.9 8.5 7.9 7.0 7.1 7.5 21

22 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 8.9 8.5 7.9 7.0 7.1 7.5 22

23 Policy loans (Household liability) 55.5 55.4 55.3 55.3 58.4 62.5 67.3 73.0 78.6 86.4 23

24 Asset: Federal government 1.1 1.3 1.7 1.0 1.0 1.0 1.0 0.9 0.9 0.9 24

25 Life insurance companies 54.4 54.1 53.6 54.2 57.4 61.6 66.4 72.1 77.7 85.5 25

26 Government-sponsored enterprise loans (1) 115.2 132.8 157.8 176.6 168.0 144.8 110.7 111.3 135.2 158.8 26

27 Liab.: Household sector (SLMA) 0.2 0.3 0.3 0.3 0.3 0.5 0.9 0.7 0.8 0.9 27

28 Noncorporate business (FCS) 8.1 7.4 8.2 9.9 9.9 10.1 11.5 12.6 13.9 13.9 28

29 Farm business (FCS) 13.9 11.6 9.9 7.6 9.5 9.8 11.2 11.4 11.6 12.4 29

30 Commercial banks (FHLB and SLMA) 3.0 3.5 4.5 4.3 4.7 6.7 9.3 12.5 21.2 30.5 30

31 Savings institutions (FHLB and SLMA) 90.0 110.0 134.8 154.5 143.6 117.7 77.8 74.0 87.3 100.0 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.5 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.6 33

34 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 2.0 4.3 6.8 9.7 19.5 23.7 34

35 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 2.0 4.3 6.8 9.7 19.5 23.7 35

36 Finance company loans to business 150.2 165.8 200.1 228.7 250.8 268.1 263.8 264.9 249.0 274.9 36

37 Liab.: Nonfinancial corporate business 135.2 149.2 180.0 205.8 225.7 241.3 237.4 238.4 224.1 247.4 37

38 Nonfarm noncorporate business 15.0 16.6 20.0 22.9 25.1 26.8 26.4 26.5 24.9 27.5 38

39 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1985-1994, December 9, 2010

L.217 Total Mortgages

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total mortgages 2367.9 2654.9 2955.9 3273.4 3526.0 3781.1 3932.3 4043.3 4174.6 4339.0 1

 2 Home 1526.2 1729.4 1927.7 2162.1 2368.9 2606.3 2774.3 2941.7 3100.7 3277.9 2

 3 Multifamily residential 205.9 239.4 258.4 274.5 287.0 287.4 284.1 270.9 267.7 268.2 3

 4 Commercial 541.7 602.0 694.1 765.9 801.3 819.8 806.4 762.7 737.8 722.9 4

 5 Farm 94.1 84.1 75.8 70.8 68.8 67.6 67.5 67.9 68.4 69.9 5

 6 Total liabilities 2367.9 2654.9 2955.9 3273.4 3526.0 3781.1 3932.3 4043.3 4174.6 4339.0 6

 7 Household sector 1482.6 1686.6 1872.2 2113.2 2332.3 2571.3 2762.4 2940.9 3107.3 3266.8 7

 8 Nonfinancial business 882.6 965.5 1080.5 1156.9 1190.0 1205.5 1165.0 1097.0 1058.3 1053.5 8

 9 Corporate 167.8 184.0 252.1 253.3 255.1 275.3 261.9 223.8 207.0 206.3 9

10 Nonfarm noncorporate 620.7 697.4 752.7 832.7 866.1 862.6 835.6 805.3 782.9 777.3 10

11 Farm 94.1 84.1 75.8 70.8 68.8 67.6 67.5 67.9 68.4 69.9 11

12 Federal government 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 2.5 2.8 3.1 3.4 3.7 4.3 4.8 5.4 8.9 18.7 13

14 Total assets 2367.9 2654.9 2955.9 3273.4 3526.0 3781.1 3932.3 4043.3 4174.6 4339.0 14

15 Household sector 115.5 111.9 119.5 121.8 130.7 140.9 142.7 136.8 129.4 120.5 15

16 Nonfinancial corporate business 57.0 50.2 51.5 68.1 54.4 52.8 59.0 60.0 52.3 56.4 16

17 Nonfarm noncorporate business 44.0 44.7 37.9 47.8 35.1 31.1 26.0 25.2 21.9 23.8 17

18 State and local governments 74.2 86.0 94.7 98.6 105.0 110.2 113.7 113.7 108.3 110.5 18

19 Federal government 53.3 54.4 49.1 48.0 47.3 82.9 98.3 86.4 85.0 71.0 19

20 Commercial banking 431.2 504.7 594.8 676.9 770.7 849.3 881.3 900.5 947.8 1012.7 20

21 Savings institutions (1) 765.7 784.8 824.3 888.0 872.5 801.6 705.4 628.0 598.4 596.2 21

22 Credit unions 11.1 19.3 29.9 38.1 27.0 32.7 36.9 39.8 41.8 47.0 22

23 Property-casualty insurance companies 3.3 4.3 5.0 5.6 6.5 6.9 6.5 5.9 4.5 3.8 23

24 Life insurance companies 171.8 193.8 212.4 232.9 254.2 267.9 259.5 242.0 223.9 215.8 24

25 Private pension funds 14.0 11.3 8.2 16.7 23.3 24.9 18.2 14.5 13.0 7.8 25

26 State and local govt. retirement funds 15.3 15.6 15.3 15.6 15.3 16.1 16.9 16.5 14.5 15.2 26

27 Government-sponsored enterprises (1) 159.7 147.8 139.5 144.5 150.5 156.1 167.7 199.7 241.0 244.6 27

28 Agency- and GSE-backed mortgage pools 367.9 531.6 669.4 745.3 869.5 1019.9 1156.5 1272.0 1356.8 1472.4 28

29 ABS issuers 24.6 17.9 31.5 40.5 52.6 66.0 113.1 167.9 204.3 224.7 29

30 Finance companies 53.3 70.8 66.1 76.4 102.9 114.1 123.6 126.3 123.1 103.3 30

31 REITs 5.9 5.9 7.0 8.7 8.4 7.7 7.0 8.1 8.6 13.3 31

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 1985-1994, December 9, 2010 87

L.218 Home Mortgages (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 1526.2 1729.4 1927.7 2162.1 2368.9 2606.3 2774.3 2941.7 3100.7 3277.9 1

 2 Household sector 1449.6 1648.3 1827.9 2054.2 2259.5 2488.8 2667.0 2840.0 2998.7 3165.3 2

 3 Nonfinancial corporate business 7.3 7.3 8.5 9.6 9.4 10.6 8.0 6.4 6.0 7.3 3

 4 Nonfarm noncorporate business 69.3 73.8 91.4 98.4 100.0 107.0 99.3 95.3 95.9 105.4 4

 5 Total assets 1526.2 1729.4 1927.7 2162.1 2368.9 2606.3 2774.3 2941.7 3100.7 3277.9 5

 6 Household sector 91.6 91.9 103.3 108.4 117.4 128.6 130.1 122.7 113.7 104.7 6

 7 Nonfinancial corporate business 9.5 13.0 19.8 18.8 27.8 33.4 36.4 36.1 30.9 32.7 7

 8 Nonfarm noncorporate business 13.9 14.1 11.8 17.6 12.1 9.5 8.9 9.4 8.2 8.9 8

 9 State and local governments 45.0 49.0 50.1 52.6 57.3 60.9 62.9 62.3 56.3 57.3 9

10 Federal government 24.4 24.1 20.8 21.0 21.3 37.9 37.1 36.6 33.0 29.1 10

11 Commercial banking 212.5 233.7 270.9 325.3 375.9 432.8 455.2 481.8 535.4 593.5 11

12 Savings institutions 561.7 568.3 573.2 641.6 631.0 600.2 538.4 489.6 470.0 477.6 12

13 Credit unions 11.1 19.3 29.9 38.1 27.0 32.7 36.9 39.8 41.8 47.0 13

14 Life insurance companies 13.6 14.1 14.5 12.5 13.6 15.0 12.1 12.5 9.9 10.0 14

15 Private pension funds 4.5 4.0 1.4 2.8 5.5 5.5 4.0 3.2 3.2 3.7 15

16 State and local govt. retirement funds 3.7 3.2 3.5 3.4 3.4 3.5 3.7 3.4 3.5 3.9 16

17 Government-sponsored enterprises 111.6 105.9 102.8 109.0 114.1 119.5 130.7 161.0 201.1 204.1 17

18 Agency- and GSE-backed mortgage pools 360.5 519.5 652.9 723.6 843.8 991.1 1130.4 1248.2 1334.3 1449.6 18

19 ABS issuers 24.0 16.6 27.8 34.9 43.3 55.0 96.7 142.3 167.9 183.0 19

20 Finance companies 38.2 52.4 44.7 52.0 75.1 80.2 90.5 91.5 89.2 67.7 20

21 REITs 0.3 0.3 0.3 0.4 0.4 0.4 0.4 1.1 2.2 5.1 21

 Memo:

22 Home equity loans included above (2) ND ND ND ND ND 214.7 222.0 217.1 210.4 221.8 22

23 Commercial banking ND ND ND ND ND 115.1 122.8 122.7 121.3 129.7 23

24 Savings institutions ND ND ND ND ND 60.2 58.8 53.6 49.9 49.4 24

25 Credit unions ND ND ND ND ND 20.1 21.4 20.5 19.3 20.9 25

26 ABS issuers ND ND ND ND ND 0.1 0.4 0.9 1.5 2.1 26

27 Finance companies 19.7 22.9 27.0 29.3 16.1 19.2 18.7 19.4 18.5 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.

L.219 Multifamily Residential Mortgages

Billions of dollars

 1 Total liabilities 205.9 239.4 258.4 274.5 287.0 287.4 284.1 270.9 267.7 268.2 1

 2 Nonfinancial corporate business 15.0 15.8 16.5 17.1 17.8 18.3 18.8 19.3 19.9 20.5 2

 3 Nonfarm noncorporate business 190.0 222.7 240.8 256.3 268.0 267.6 263.7 249.9 244.9 241.6 3

 4 Federal government 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 0.8 0.9 1.0 1.1 1.2 1.4 1.6 1.8 3.0 6.2 5

 6 Total assets 205.9 239.4 258.4 274.5 287.0 287.4 284.1 270.9 267.7 268.2 6

 7 Household sector 1.4 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 1.4 2.4 4.4 1.3 3.4 1.6 0.6 0.4 0.5 0.9 8

 9 Nonfarm noncorporate business 8.8 9.8 8.8 11.4 8.2 9.0 8.4 8.4 7.3 7.9 9

10 State and local governments 23.4 30.4 37.4 38.5 39.7 40.7 41.7 42.4 42.8 43.5 10

11 Federal government 10.2 11.1 11.5 11.8 12.3 22.9 31.9 27.6 24.6 22.0 11

12 Commercial banking 23.2 30.8 32.2 33.1 37.8 35.6 35.1 36.2 37.0 37.9 12

13 Savings institutions 89.2 96.4 103.5 107.1 104.4 91.8 79.9 69.8 67.4 64.3 13

14 Life insurance companies 19.9 21.0 22.5 24.6 26.9 29.0 29.3 27.2 27.5 27.8 14

15 Private pension funds 2.4 2.7 1.6 2.7 4.0 1.2 0.9 0.7 0.7 1.0 15

16 State and local govt. retirement funds 6.0 6.0 5.7 5.5 5.2 5.1 4.8 4.2 4.1 4.3 16

17 Government-sponsored enterprises 8.5 8.7 8.4 9.5 12.0 13.2 14.2 15.8 17.5 18.4 17

18 Agency- and GSE-backed mortgage pools 7.0 11.9 16.4 21.6 25.7 28.7 26.1 23.8 22.5 22.4 18

19 ABS issuers 0.0 0.2 0.5 1.0 1.0 0.9 3.8 6.6 8.4 9.8 19

20 Finance companies 2.9 3.8 3.3 3.8 4.0 5.4 5.3 5.7 5.7 5.8 20

21 REITs 1.8 1.8 2.1 2.6 2.5 2.3 2.2 2.2 1.9 2.1 21
88 FFA, 1985-1994, December 9, 2010

L.220 Commercial Mortgages

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 541.7 602.0 694.1 765.9 801.3 819.8 806.4 762.7 737.8 722.9 1

 2 Household sector 33.1 38.3 44.4 59.0 72.8 82.5 95.5 100.9 108.5 101.5 2

 3 Nonfinancial corporate business 145.5 160.9 227.1 226.6 227.9 246.4 235.1 198.1 181.2 178.6 3

 4 Nonfarm noncorporate business 361.4 401.0 420.5 478.1 498.1 488.0 472.6 460.2 442.1 430.3 4

 5 REITs 1.7 1.9 2.1 2.3 2.5 2.9 3.2 3.6 6.0 12.5 5

 6 Total assets 541.7 602.0 694.1 765.9 801.3 819.8 806.4 762.7 737.8 722.9 6

 7 Household sector 2.1 1.0 2.9 2.6 3.5 2.8 2.8 3.7 4.6 4.5 7

 8 Nonfinancial corporate business 46.1 34.7 27.2 48.0 23.3 17.7 21.9 23.5 20.8 22.8 8

 9 Nonfarm noncorporate business 20.7 20.2 16.6 18.2 14.2 11.9 8.2 6.9 6.0 6.5 9

10 State and local governments 4.4 5.1 5.7 6.0 6.4 7.1 7.7 7.5 7.7 8.3 10

11 Federal government 8.3 8.4 6.6 5.3 4.4 13.4 21.2 14.6 20.5 13.2 11

12 Commercial banking 185.5 229.1 279.3 305.4 342.8 366.2 375.3 365.7 357.7 362.3 12

13 Savings institutions 114.1 119.4 146.9 138.6 136.5 109.2 86.7 68.2 60.8 53.9 13

14 Property-casualty insurance companies 3.3 4.3 5.0 5.6 6.5 6.9 6.5 5.9 4.5 3.8 14

15 Life insurance companies 127.7 149.1 166.7 187.5 205.5 215.1 209.5 194.4 178.4 169.8 15

16 Private pension funds 7.2 4.6 5.2 11.1 13.8 18.2 13.3 10.6 9.1 3.1 16

17 State and local govt. retirement funds 5.6 6.3 6.2 6.7 6.6 7.5 8.3 8.9 7.0 7.0 17

18 Agency- and GSE-backed mortgage pools 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 0.6 1.1 3.1 4.6 8.4 10.1 12.6 19.1 28.1 31.8 19

20 Finance companies 12.2 14.5 18.1 20.6 23.9 28.5 27.9 29.1 28.2 29.8 20

21 REITs 3.8 3.9 4.5 5.6 5.4 5.0 4.5 4.8 4.5 6.1 21

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities (Farm business) 94.1 84.1 75.8 70.8 68.8 67.6 67.5 67.9 68.4 69.9 1

 2 Total assets 94.1 84.1 75.8 70.8 68.8 67.6 67.5 67.9 68.4 69.9 2

 3 Household sector 20.3 16.5 13.3 10.8 9.8 9.4 9.8 10.4 11.1 11.4 3

 4 Nonfarm noncorporate business 0.6 0.6 0.7 0.7 0.7 0.6 0.5 0.5 0.4 0.5 4

 5 State and local governments 1.4 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.4 5

 6 Federal government 10.4 10.7 10.2 9.8 9.3 8.6 8.2 7.5 7.0 6.7 6

 7 Commercial banking 10.1 11.1 12.5 13.1 14.2 14.7 15.7 16.9 17.6 19.0 7

 8 Savings institutions 0.7 0.7 0.8 0.7 0.7 0.5 0.4 0.3 0.3 0.3 8

 9 Life insurance companies 10.6 9.7 8.6 8.2 8.2 8.8 8.6 7.9 8.1 8.1 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 39.6 33.1 28.2 25.9 24.3 23.5 22.8 22.9 22.4 22.1 11

12 Agency- and GSE-backed mortgage pools 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.4 12

(1) Excludes mortgages on farm houses.
FFA, 1985-1994, December 9, 2010 89

L.222 Consumer Credit

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities (Households) 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 1

 2 Total assets 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 2

 3 Nonfinancial corporate business 42.5 47.0 54.0 60.8 63.8 67.1 63.0 65.7 77.2 86.6 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 6.9 5

 6 Commercial banking 297.2 320.2 334.1 360.8 383.3 382.0 370.2 362.9 395.7 458.8 6

 7 Savings institutions 57.6 62.9 65.3 66.8 62.5 49.6 42.2 37.4 37.9 38.5 7

 8 Credit unions 74.0 77.1 81.0 88.3 91.7 91.6 90.3 91.7 101.6 119.6 8

 9 Government-sponsored enterprises 6.8 8.2 10.0 13.2 16.0 19.2 21.1 24.2 26.8 30.4 9

10 ABS issuers 0.0 0.0 0.0 0.0 47.3 76.7 103.0 120.3 130.5 146.1 10

11 Finance companies 132.4 151.0 154.1 155.3 144.6 138.1 125.9 122.6 116.1 134.4 11

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 752.4 760.8 834.3 934.2 997.2 1038.8 1084.7 1143.8 1212.5 1321.0 1

 2 Household sector 24.3 26.6 31.3 41.3 57.4 66.8 76.2 82.1 88.1 93.2 2

 3 Nonfinancial corporate business 479.7 478.0 522.4 576.1 597.9 626.3 649.4 682.8 719.3 796.5 3

 4 Nonfarm noncorporate business 56.9 45.5 50.9 53.3 58.7 60.0 59.7 66.6 67.3 73.8 4

 5 Farm business 10.5 6.4 6.1 11.5 8.4 7.0 8.8 8.1 9.0 10.1 5

 6 State and local governments 97.4 107.2 117.4 128.3 140.1 153.0 166.6 181.0 196.0 212.0 6

 7 Federal government 58.2 72.8 80.3 88.2 96.8 91.1 85.5 82.7 85.7 85.5 7

 8 Rest of the world 17.5 16.8 19.3 27.0 29.8 28.6 31.6 33.0 37.1 40.8 8

 9 Brokers and dealers 8.0 7.6 6.8 8.5 8.0 6.1 6.8 7.4 10.1 9.1 9

10 Total trade receivables 942.6 961.5 1044.0 1162.1 1225.0 1274.6 1269.7 1306.6 1364.1 1464.6 10

11 Nonfinancial corporate business 739.3 741.5 805.3 895.9 938.0 967.2 961.4 988.9 1035.0 1107.0 11

12 Nonfarm noncorporate business 63.8 74.8 76.3 88.3 95.1 97.8 96.7 103.8 108.7 125.0 12

13 State and local governments 41.3 42.2 46.0 50.8 54.2 56.7 59.1 62.2 65.8 71.2 13

14 Federal government 35.0 32.6 40.6 40.7 43.9 42.1 37.5 30.8 28.4 24.7 14

15 Rest of the world 33.6 35.0 35.1 37.2 39.8 46.1 44.4 46.0 47.0 48.6 15

16 Property-casualty insurance companies 27.2 32.1 35.7 42.5 45.3 47.2 49.1 49.0 50.7 52.9 16

17 ABS issuers 2.4 3.3 5.1 6.8 8.7 17.4 21.5 25.8 28.4 35.2 17

18 Discrepancy -190.2 -200.7 -209.7 -227.9 -227.8 -235.9 -185.0 -162.9 -151.6 -143.6 18

L.224 Security Credit

Billions of dollars

 1 Total liabilities 131.2 141.1 115.3 118.3 133.9 137.4 188.9 217.7 279.0 279.0 1

 2 Household sector 50.7 57.4 41.8 43.5 42.5 38.8 55.1 53.5 76.1 75.1 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 80.5 83.6 73.5 74.8 91.4 98.6 133.8 164.2 202.9 203.9 4

 5 Customer credit balances (HH) 35.1 44.0 39.1 40.9 53.2 62.4 87.0 76.2 102.3 109.0 5

 6 From U.S.-chartered commercial banks 38.5 32.5 29.4 29.0 33.2 27.8 30.0 57.3 61.4 56.8 6

 7 From foreign banking offices in U.S. 7.0 7.1 5.0 4.9 5.0 8.4 16.8 30.7 39.3 38.1 7

 8 Total assets 131.2 141.1 115.3 118.3 133.9 137.4 188.9 217.7 279.0 279.0 8

 9 Household sector 35.1 44.0 39.1 40.9 53.2 62.4 87.0 76.2 102.3 109.0 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 45.4 39.6 34.4 33.9 38.2 36.2 46.8 88.0 100.7 94.9 11

12 Brokers and dealers 50.7 57.4 41.8 43.5 42.5 38.8 55.1 53.5 76.1 75.1 12
90 FFA, 1985-1994, December 9, 2010

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 Life insurance reserves:

 1 Total liabilities 264.3 282.6 309.5 335.7 365.3 391.7 418.6 447.7 484.8 520.3 1

 2 Federal government 17.8 18.9 20.1 21.2 22.4 23.6 24.8 26.2 27.6 28.9 2

 3 Life insurance companies 246.5 263.7 289.5 314.4 342.8 368.1 393.8 421.5 457.2 491.5 3

 4 Total assets (Households) 264.3 282.6 309.5 335.7 365.3 391.7 418.6 447.7 484.8 520.3 4

 Pension fund reserves:

 5 Total liabilities 2088.6 2326.8 2504.8 2738.3 3169.0 3310.3 3830.6 4139.4 4617.5 4898.3 5

 6 Life insurance companies 260.4 327.9 348.6 435.5 495.5 569.8 621.2 693.4 775.1 796.6 6

 7 Private pension funds (1) 1250.9 1316.6 1386.0 1432.2 1663.3 1658.5 1959.7 2062.8 2308.3 2473.3 7

 8 State and local govt. retirement funds 405.1 480.7 537.2 603.2 706.0 741.7 867.7 957.0 1065.6 1116.8 8

 9 Federal government retirement funds (2) 172.1 201.7 233.0 267.5 304.2 340.4 382.1 426.3 468.4 511.5 9

10 Total assets (Households) (3) 2088.6 2326.8 2504.8 2738.3 3169.0 3310.3 3830.6 4139.4 4617.5 4898.3 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 69.4 76.3 80.0 80.8 78.7 80.9 73.0 80.2 86.0 86.2 1

 2 Nonfinancial corporate business 39.0 42.8 47.9 44.4 38.3 38.3 28.9 35.3 40.7 40.3 2

 3 Nonfarm noncorporate business 21.6 23.3 23.9 26.8 31.4 32.0 32.5 33.1 31.4 32.8 3

 4 U.S.-chartered commercial banks 3.2 3.2 1.2 1.4 0.2 0.3 -1.3 -1.7 -4.6 -6.2 4

 5 Savings institutions 1.4 1.7 1.3 1.3 1.2 1.0 1.2 1.4 1.4 1.0 5

 6 Property-casualty insurance companies 0.9 1.1 1.6 1.9 1.2 1.9 2.6 0.9 3.0 2.6 6

 7 Life insurance companies 2.5 3.1 3.4 3.8 4.8 5.3 6.4 7.8 9.4 10.4 7

 8 Finance companies 0.1 0.2 0.4 0.7 1.0 1.4 1.9 2.6 3.3 4.1 8

 9 Brokers and dealers 0.8 0.9 0.4 0.5 0.6 0.7 0.9 0.9 1.4 1.2 9

10 Total business taxes receivable 38.4 48.1 49.5 58.4 61.2 59.6 53.4 54.4 58.0 52.6 10

11 State and local governments 27.0 29.8 30.3 33.9 37.4 37.1 37.0 38.9 39.1 34.0 11

12 Federal government 11.3 18.4 19.3 24.5 23.8 22.5 16.4 15.5 18.9 18.6 12

13 Discrepancy 31.1 28.2 30.5 22.4 17.5 21.3 19.5 25.8 28.0 33.6 13

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 2489.1 2612.2 2703.6 2843.8 2957.4 2991.8 2957.7 2942.7 3088.1 3299.1 1

 2 Nonfarm noncorporate business 1877.7 2033.6 2095.0 2209.0 2300.9 2312.2 2282.1 2243.7 2357.6 2545.6 2

 3 Farm business 607.5 573.1 603.3 629.2 651.8 675.7 670.9 693.9 724.3 748.4 3

 4 Brokers and dealers 3.9 5.5 5.3 5.6 4.7 4.0 4.7 5.1 6.2 5.1 4
FFA, 1985-1994, December 9, 2010 91

L.228 Total Miscellaneous Financial Claims

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 2982.4 3129.6 3433.2 3856.3 4259.4 4426.0 4776.3 5192.4 5680.8 5972.8 1

 2 Household sector 15.2 13.9 15.1 15.5 16.4 16.5 15.7 15.8 16.3 16.8 2

 3 Nonfinancial corporate business 1171.8 1137.5 1169.9 1337.8 1487.2 1522.3 1664.3 1879.8 2075.1 2102.0 3

 4 Nonfarm noncorporate business 130.8 139.4 127.9 148.7 171.8 163.7 167.4 181.7 187.6 203.3 4

 5 Federal government 172.1 201.7 233.1 270.6 307.1 340.3 378.0 417.7 454.7 492.3 5

 6 Rest of the world 444.4 478.3 524.5 601.4 661.1 720.1 734.9 742.2 841.1 907.2 6

 7 Monetary authority 4.8 3.7 4.7 5.2 5.2 4.2 3.8 3.4 4.3 5.2 7

 8 Commercial banking 232.8 264.2 315.0 356.3 459.6 465.3 509.4 557.1 634.2 758.2 8

 9 Savings institutions 79.5 89.9 100.6 120.9 84.1 86.9 69.3 56.3 51.2 49.6 9

10 Credit unions 2.8 3.0 3.9 4.3 3.7 3.9 4.5 4.6 5.1 6.4 10

11 Property-casualty insurance companies 214.7 258.4 304.3 335.6 369.9 396.9 416.4 439.9 456.1 471.9 11

12 Life insurance companies 241.4 261.2 305.8 314.9 342.8 348.1 388.3 402.5 435.9 474.5 12

13 Government-sponsored enterprises 54.9 63.1 60.7 61.8 68.0 69.2 76.5 89.0 84.0 59.1 13

14 Finance companies 104.7 105.7 135.1 152.1 157.0 161.4 178.1 189.2 196.0 198.3 14

15 REITs 0.7 0.8 1.2 3.5 2.1 1.2 2.9 2.4 2.3 5.3 15

16 Brokers and dealers 27.0 33.1 39.4 42.0 35.2 37.5 41.5 52.2 86.1 77.2 16

17 Funding corporations 84.8 75.8 92.0 85.6 88.4 88.5 125.3 158.9 150.8 145.4 17

18 Total assets 2853.6 3191.2 3637.0 4176.7 4629.3 4796.8 5175.4 5452.1 5983.7 6496.8 18

19 Household sector 146.7 167.4 195.8 216.7 233.9 253.8 264.5 282.8 296.1 310.8 19

20 Nonfinancial corporate business 1311.3 1455.8 1620.1 1880.3 2034.9 2133.1 2212.9 2303.4 2553.9 2712.5 20

21 Nonfarm noncorporate business 54.8 65.1 66.7 81.4 90.2 85.9 94.0 97.5 111.7 130.3 21

22 Farm business 22.0 22.8 23.2 23.7 24.3 25.3 26.8 28.4 30.6 31.4 22

23 State and local governments 7.5 9.1 13.0 7.2 8.6 9.8 15.3 10.0 -26.7 28.4 23

24 Federal government 15.8 16.3 17.4 18.6 34.0 68.1 104.2 119.6 115.7 119.0 24

25 Rest of the world 292.9 319.8 389.9 471.6 559.2 590.5 666.4 653.7 734.0 777.5 25

26 Monetary authority 8.0 7.7 9.9 9.4 7.2 6.0 5.6 7.4 9.6 9.8 26

27 Commercial banking 286.5 319.8 351.9 374.3 476.8 455.0 473.7 551.0 629.4 741.5 27

28 Savings institutions 122.1 124.3 145.8 177.0 138.1 96.6 85.5 78.2 61.0 53.0 28

29 Credit unions 4.8 7.7 5.0 5.1 6.2 8.2 12.8 16.5 18.2 14.8 29

30 Property-casualty insurance companies 10.0 11.8 15.5 18.9 22.4 24.8 23.7 24.0 28.8 32.2 30

31 Life insurance companies 57.8 64.8 77.8 86.4 95.1 91.0 102.2 99.4 98.3 105.1 31

32 Private pension funds 262.8 295.7 343.0 370.1 381.1 363.4 403.7 403.8 423.8 465.2 32

33 State and local govt. retirement funds 0.5 0.7 0.6 2.1 6.3 7.8 4.6 4.5 4.1 4.6 33

34 Federal government retirement funds 172.1 201.7 232.0 264.7 299.3 332.6 371.0 410.8 447.9 485.5 34

35 Money market mutual funds 2.0 3.6 4.4 4.6 7.5 4.0 7.7 12.7 23.7 27.8 35

36 Mutual funds 1.0 2.7 3.8 3.5 7.1 8.9 8.2 3.0 3.3 5.9 36

37 Government-sponsored enterprises 3.9 5.8 12.7 20.2 30.3 32.9 39.2 26.9 32.5 27.3 37

38 Finance companies 4.0 6.2 12.4 15.1 18.0 16.1 27.2 20.2 29.1 12.9 38

39 REITs 1.7 1.3 2.2 3.1 4.7 4.3 5.4 3.1 4.6 6.4 39

40 Brokers and dealers 26.8 34.7 38.2 47.2 66.5 97.0 129.0 180.4 228.6 254.2 40

41 Funding corporations 38.7 46.2 55.8 75.4 77.8 81.4 91.7 114.8 125.4 141.0 41

42 Discrepancy 128.8 -61.6 -203.8 -320.4 -370.0 -370.8 -399.2 -259.7 -303.0 -523.9 42
92 FFA, 1985-1994, December 9, 2010

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 407.8 437.5 506.6 535.9 570.7 629.8 657.7 674.4 723.5 786.6 1

 2 Asset: Nonfinancial corporate business 377.1 402.3 462.5 484.7 497.9 556.2 580.3 586.4 607.1 685.6 2

 3 Commercial banking 14.8 15.0 18.7 20.2 22.6 24.9 25.4 29.9 33.8 35.6 3

 4 Property-casualty insurance companies 10.0 11.8 15.5 18.9 22.4 24.8 23.7 24.0 28.8 32.2 4

 5 Life insurance companies 1.6 1.5 1.9 2.1 2.4 2.7 3.7 4.0 4.9 4.8 5

 6 Finance companies 3.4 5.7 5.2 7.3 23.1 18.7 21.2 24.6 44.6 25.9 6

 7 Brokers and dealers 0.9 1.2 2.8 2.7 2.3 2.5 3.5 5.4 4.3 2.6 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 210.9 254.1 316.7 394.3 454.6 513.3 511.3 523.6 545.3 598.1 8

 9 Nonfarm noncorporate business 8.0 8.1 3.1 6.5 8.7 3.8 3.9 4.4 5.2 4.8 9

10 Commercial banking 11.4 12.4 14.4 16.9 18.6 18.4 24.9 21.2 24.0 26.3 10

11 Property-casualty insurance companies 4.5 6.0 10.5 11.7 14.2 17.3 24.7 25.7 26.7 27.9 11

12 Life insurance companies 7.3 9.4 7.2 7.3 8.6 9.9 8.6 9.7 13.1 10.9 12

13 Finance companies 1.4 3.6 3.5 2.7 9.3 4.6 5.6 4.2 10.2 6.0 13

14 Brokers and dealers 3.8 3.6 3.1 4.8 6.3 3.8 5.8 5.3 23.7 14.0 14

15 Funding corporations 0.0 -12.4 -23.9 -42.4 -52.4 -65.7 -51.4 -53.8 -54.9 -70.1 15

16 Asset: Rest of the world 247.2 284.7 334.6 401.8 467.9 505.3 533.4 540.3 593.3 618.0 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 13.9 15.4 16.6 17.9 19.1 20.4 21.9 23.3 24.5 25.9 17

18 Asset: Federal government 13.9 15.4 16.6 17.9 19.1 20.4 21.9 23.3 24.5 25.9 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 1.8 1.9 2.0 2.1 2.2 2.4 2.7 3.1 3.4 3.7 19

20 Asset: Commercial banking 1.8 1.9 2.0 2.1 2.2 2.4 2.7 3.1 3.4 3.7 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 13.1 13.7 15.0 16.9 16.3 13.7 13.0 12.8 14.4 16.3 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 (Farm Credit System) 0.8 0.8 0.7 0.7 0.8 0.6 0.6 0.6 0.8 0.9 23

24 Farm business (Farm Credit System) 4.0 3.4 3.0 3.0 2.2 2.0 2.2 2.1 2.2 2.2 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) 0.0 0.0 0.0 0.0 0.0 0.1 0.7 1.4 2.7 4.3 26

27 Savings institutions (FHLB) 8.3 9.5 11.3 13.2 13.4 11.0 9.5 8.6 8.7 8.6 27

28 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 28

29 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 152.1 168.8 172.6 193.8 202.4 207.8 227.2 255.0 286.6 304.2 30

31 Savings institutions 7.2 7.3 6.5 6.4 6.4 6.0 5.0 4.0 4.4 4.4 31

32 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Finance companies 43.9 52.2 46.9 27.3 25.3 21.2 14.8 14.8 21.2 25.2 33

34 Brokers and dealers 0.0 0.0 15.0 32.2 44.2 28.0 21.2 24.5 30.7 26.9 34

35 Asset: Bank holding companies 203.2 228.3 240.9 259.7 278.4 263.0 268.2 298.2 342.9 360.6 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 16.7 18.7 12.5 9.5 9.9 15.5 17.6 19.6 14.4 16.6 36

37 Asset: Nonfinancial corporate business 16.7 18.7 12.5 9.5 9.9 15.5 17.6 19.6 14.4 16.6 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 22.7 26.9 34.1 46.9 49.5 47.6 47.2 51.1 44.5 44.1 38

39 Brokers and dealers 16.0 19.4 21.7 28.5 28.3 33.8 44.5 63.7 80.8 96.9 39

40 Asset: Funding corporations 38.7 46.2 55.8 75.4 77.8 81.4 91.7 114.8 125.4 141.0 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, 1985-1994, December 9, 2010 93

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 1.9 0.9 0.8 0.7 0.6 0.6 1.6 1.7 1.9 2.0 1

 2 Asset: Federal government 1.9 0.9 0.8 0.7 0.6 0.6 1.6 1.7 1.9 2.0 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 23.3 27.0 20.4 19.0 25.9 30.7 31.7 30.8 23.7 16.0 6

 7 Asset: Savings institutions 23.3 27.0 20.4 19.0 25.9 30.7 31.7 30.8 23.7 16.0 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 15.2 13.9 15.1 15.5 16.4 16.5 15.7 15.8 16.3 16.8 8

 9 Asset: Life insurance companies 15.2 13.9 15.1 15.5 16.4 16.5 15.7 15.8 16.3 16.8 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 56.9 61.0 66.3 72.6 77.9 83.5 89.4 97.8 105.4 113.5 10

11 Health 18.8 21.3 24.0 26.9 29.9 33.4 38.2 45.2 51.4 58.0 11

12 Policy dividend accumulation 26.3 26.9 27.9 29.1 30.7 31.9 31.7 32.3 32.8 32.9 12

13 Policy and contract claims 11.8 12.8 14.5 16.7 17.4 18.1 19.4 20.4 21.3 22.6 13

14 Asset: Household sector 56.9 61.0 66.3 72.6 77.9 83.5 89.4 97.8 105.4 113.5 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 210.2 252.4 293.8 323.9 355.7 379.7 391.7 414.3 429.4 444.0 15

16 Asset: Household sector 89.8 106.4 129.4 144.1 156.0 170.3 175.2 185.0 190.7 197.3 16

17 Nonfinancial corporate business 62.8 81.6 105.1 120.0 134.2 147.5 149.5 163.0 169.7 175.4 17

18 Nonfarm noncorporate business 39.6 45.0 39.0 39.1 43.3 38.6 42.4 39.9 40.8 42.2 18

19 Farm business 18.0 19.3 20.3 20.7 22.1 23.3 24.6 26.3 28.3 29.2 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 131.8 146.9 186.3 186.9 204.7 214.8 244.5 247.6 267.9 297.9 20

21 Asset: Private pension funds 131.8 146.9 186.3 186.9 204.7 214.8 244.5 247.6 267.9 297.9 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 18.7 18.7 20.3 19.0 26.3 32.3 44.4 54.3 66.6 78.3 22

23 Asset: Private pension funds 18.7 18.7 20.3 19.0 26.3 32.3 44.4 54.3 66.6 78.3 23

 Securities borrowed (net):

24 Liab.: Funding corporations 6.9 12.0 15.1 23.2 39.3 71.4 102.9 153.5 197.1 221.7 24

25 Asset: Brokers and dealers 6.9 12.0 15.1 23.2 39.3 71.4 102.9 153.5 197.1 221.7 25

 Nonmarketable government securities:

26 Liab.: Federal government 172.1 201.7 232.0 264.7 299.3 332.6 371.0 410.8 447.9 485.5 26

27 Asset: Federal government retirement funds 172.1 201.7 232.0 264.7 299.3 332.6 371.0 410.8 447.9 485.5 27

 Retiree health care funds (2):

28 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
94 FFA, 1985-1994, December 9, 2010

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total liabilities 1402.9 1348.7 1399.2 1611.4 1771.0 1732.4 1877.1 2079.5 2282.7 2328.5 1

 2 Nonfinancial corporate business 942.2 864.6 832.9 924.4 1006.2 976.7 1108.6 1301.9 1463.1 1425.6 2

 3 Nonfarm noncorporate business 122.8 131.3 124.9 142.2 163.1 159.8 163.5 177.3 182.4 198.4 3

 4 Federal government 0.0 0.0 1.2 5.8 7.8 7.7 7.0 6.9 6.8 6.8 4

 5 Rest of the world 20.7 24.5 0.5 46.9 70.8 69.3 53.6 42.8 91.2 92.8 5

 6 Monetary authority 3.1 1.9 2.7 3.1 2.9 1.8 1.2 0.4 0.9 1.6 6

 7 Commercial banking 46.7 56.1 94.0 98.6 189.0 191.4 210.1 229.7 279.0 383.7 7

 8 U.S.-chartered commercial banks 37.1 38.8 60.0 64.5 76.3 76.0 85.8 78.8 96.7 167.0 8

 9 Foreign banking offices in U.S. 0.4 0.0 16.7 15.3 89.0 88.1 102.9 124.8 157.1 187.3 9

10 Bank holding companies 3.5 14.4 15.6 16.3 20.6 23.3 18.2 22.0 19.6 22.0 10

11 Banks in U.S.-affiliated areas 5.6 2.9 1.8 2.4 3.1 4.0 3.1 4.2 5.6 7.4 11

12 Savings institutions 72.3 82.5 94.1 114.5 77.7 80.9 64.3 52.3 46.8 45.2 12

13 Credit unions 2.8 3.0 3.9 4.3 3.7 3.9 4.5 4.6 5.1 6.4 13

14 Life insurance companies 45.4 43.9 46.0 48.2 51.6 39.9 45.7 47.4 49.5 52.1 14

15 Government-sponsored enterprises 18.4 22.5 25.3 25.8 25.8 24.9 31.8 45.4 45.9 26.9 15

16 Finance companies 42.8 31.2 72.2 112.7 112.4 120.1 140.1 150.6 150.3 150.5 16

17 REITs 0.7 0.8 1.2 3.5 2.1 1.2 2.9 2.4 2.3 5.3 17

18 Brokers and dealers 7.1 10.1 -0.5 -23.5 -43.7 -28.0 -29.9 -41.3 -49.1 -60.6 18

19 Funding corporations 78.0 76.2 100.8 104.8 101.5 82.7 73.7 59.1 8.6 -6.2 19

20 Total assets 1274.1 1410.3 1603.1 1931.9 2141.0 2103.2 2276.3 2339.2 2585.6 2852.5 20

21 Nonfinancial corporate business 854.7 953.1 1040.0 1266.1 1392.9 1414.0 1465.5 1534.4 1762.7 1834.9 21

22 Nonfarm noncorporate business 14.4 19.3 27.0 41.6 46.0 46.8 51.0 57.0 70.2 87.2 22

23 State and local governments 7.5 9.1 13.0 7.2 8.6 9.8 15.3 10.0 -26.7 28.4 23

24 Federal government 0.0 0.0 0.0 0.0 14.3 47.1 80.7 94.6 89.3 91.1 24

25 Rest of the world 45.7 35.1 55.4 69.9 91.4 85.2 133.0 113.4 140.7 159.5 25

26 Monetary authority 8.0 7.7 9.9 9.4 7.2 6.0 5.6 7.4 9.6 9.8 26

27 Commercial banking 66.7 74.5 90.2 92.2 173.6 164.5 176.9 218.4 246.6 337.3 27

28 U.S.-chartered commercial banks 40.0 41.5 38.9 38.1 49.9 51.6 49.4 44.6 38.1 82.8 28

29 Foreign banking offices in U.S. 18.1 24.6 42.3 44.3 110.8 86.7 101.5 143.8 178.4 216.9 29

30 Bank holding companies 4.2 6.0 7.3 6.6 8.8 22.0 22.2 27.0 27.5 35.2 30

31 Banks in U.S.-affiliated areas 4.4 2.4 1.8 3.2 4.1 4.2 3.7 3.0 2.6 2.4 31

32 Savings institutions 90.4 87.9 114.1 144.8 98.8 54.9 44.3 38.8 28.6 28.4 32

33 Credit unions 4.8 7.7 5.0 5.1 6.2 8.2 12.8 16.5 18.1 14.7 33

34 Life insurance companies 41.0 49.5 60.8 68.7 76.4 71.8 82.8 79.6 77.2 83.5 34

35 Private pension funds 112.3 130.1 136.5 164.2 150.1 116.3 114.8 101.9 89.3 89.0 35

36 State and local govt. retirement funds 0.5 0.7 0.6 2.1 6.3 7.8 4.6 4.5 4.1 4.6 36

37 Mutual funds 1.0 2.7 3.8 3.5 7.1 8.9 8.2 3.0 3.3 5.9 37

38 Money market mutual funds 2.0 3.6 4.4 4.6 7.5 4.0 7.7 12.7 23.7 27.8 38

39 Government-sponsored enterprises 3.9 5.8 12.7 20.2 30.3 32.9 39.2 26.9 32.5 27.3 39

40 Finance companies 0.6 0.6 7.1 7.8 -5.1 -2.6 6.0 -4.4 -15.5 -13.0 40

41 REITs 1.7 1.3 2.2 3.1 4.7 4.3 5.4 3.1 4.6 6.4 41

42 Brokers and dealers 19.0 21.5 20.3 21.3 24.9 23.1 22.6 21.5 27.2 30.0 42

43 Discrepancy 128.8 -61.6 -203.8 -320.4 -370.0 -370.8 -399.2 -259.7 -303.0 -523.9 43
FFA, 1985-1994, December 9, 2010 95

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Assets 16720.8 18474.3 19748.1 21601.0 23623.8 24276.7 26041.5 27201.4 28833.9 29950.4 1

 2 Tangible assets 6769.0 7404.5 8022.0 8741.9 9439.4 9727.1 9935.5 10251.6 10608.1 11049.2 2

 3 Real estate 5340.7 5827.2 6309.9 6877.0 7443.2 7610.7 7735.3 7969.6 8214.6 8530.8 3

 4 Households (2,3) 4699.7 5148.9 5598.1 6118.5 6641.1 6805.3 6975.5 7258.9 7500.7 7772.7 4

 5 Nonprofit organizations 641.1 678.2 711.8 758.5 802.0 805.4 759.8 710.7 713.9 758.1 5

 Equipment and software owned by

 6 nonprofit organizations (4) 51.2 55.1 59.5 64.6 70.6 77.3 82.9 88.6 91.4 94.3 6

 7 Consumer durable goods (4) 1377.0 1522.3 1652.7 1800.3 1925.7 2039.1 2117.4 2193.3 2302.2 2424.1 7

 8 Financial assets 9951.8 11069.8 11726.1 12859.1 14184.4 14549.5 16106.0 16949.9 18225.7 18901.1 8

 9 Deposits 2517.3 2763.0 2909.8 3105.0 3265.6 3325.3 3318.4 3280.9 3214.6 3170.7 9

10 Foreign deposits 7.8 8.8 9.8 10.7 11.9 13.4 14.6 15.6 15.8 18.8 10

11 Checkable deposits and currency 323.7 439.6 443.2 441.4 443.5 432.8 484.8 596.1 644.5 614.5 11

12 Time and savings deposits 1989.5 2079.5 2200.9 2380.0 2459.1 2489.6 2411.4 2303.7 2190.9 2164.2 12

13 Money market fund shares 196.3 235.1 256.0 273.0 351.1 389.4 407.7 365.5 363.5 373.1 13

14 Credit market instruments 967.4 1001.0 1176.4 1382.4 1479.6 1741.2 1824.9 1886.5 1887.4 2202.3 14

15 Open market paper 56.5 56.1 55.3 93.6 87.9 93.7 58.5 52.7 65.0 69.7 15

16 Treasury securities 282.2 270.9 308.2 393.5 394.9 504.0 535.5 627.3 673.2 871.0 16

17 Savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 17

18 Other Treasury 202.5 177.6 207.1 283.9 277.2 377.8 397.4 470.1 501.3 691.1 18

19 Agency- and GSE-backed securities 23.4 23.3 32.1 52.4 74.8 117.3 115.5 114.4 58.3 187.6 19

20 Municipal securities 395.1 410.9 516.6 586.0 613.3 647.7 701.8 672.2 640.8 594.1 20

21 Corporate and foreign bonds 94.7 127.8 144.6 135.1 178.1 237.6 270.9 283.2 320.6 359.4 21

22 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Mortgages 115.5 111.9 119.5 121.8 130.7 140.9 142.7 136.8 129.4 120.5 23

24 Corporate equities (2) 1229.5 1494.0 1462.6 1757.1 2147.5 1961.4 2759.2 3094.2 3437.0 3294.2 24

25 Mutual fund shares (6) 213.8 378.7 424.5 439.1 513.0 511.5 645.0 799.4 1098.0 1096.6 25

26 Security credit 35.1 44.0 39.1 40.9 53.2 62.4 87.0 76.2 102.3 109.0 26

27 Life insurance reserves 264.3 282.6 309.5 335.7 365.3 391.7 418.6 447.7 484.8 520.3 27

28 Pension fund reserves 2088.6 2326.8 2504.8 2738.3 3169.0 3310.3 3830.6 4139.4 4617.5 4898.3 28

29 Equity in noncorporate business (7) 2489.1 2612.2 2703.6 2843.8 2957.4 2991.8 2957.7 2942.7 3088.1 3299.1 29

30 Miscellaneous assets 146.7 167.4 195.8 216.7 233.9 253.8 264.5 282.8 296.1 310.8 30

31 Liabilities 2368.0 2635.2 2843.3 3143.9 3435.4 3702.9 3916.7 4121.7 4390.8 4716.9 31

32 Credit market instruments 2277.8 2537.3 2755.1 3043.6 3319.0 3580.9 3769.7 3970.4 4210.3 4531.8 32

33 Home mortgages (8) 1449.6 1648.3 1827.9 2054.2 2259.5 2488.8 2667.0 2840.0 2998.7 3165.3 33

34 Consumer credit 610.6 666.4 698.6 745.2 809.3 824.4 815.6 824.8 886.2 1021.2 34

35 Municipal securities (9) 81.3 78.4 78.1 79.6 82.7 85.7 89.5 91.9 93.0 96.1 35

36 Bank loans n.e.c. 31.0 31.0 31.9 30.0 20.4 17.9 13.1 17.6 27.4 40.0 36

37 Other loans and advances 72.2 75.0 74.3 75.7 74.3 81.7 89.1 95.3 96.6 107.7 37

38 Commercial mortgages (9) 33.1 38.3 44.4 59.0 72.8 82.5 95.5 100.9 108.5 101.5 38

39 Security credit 50.7 57.4 41.8 43.5 42.5 38.8 55.1 53.5 76.1 75.1 39

40 Trade payables (9) 24.3 26.6 31.3 41.3 57.4 66.8 76.2 82.1 88.1 93.2 40

 Deferred and unpaid

41 life insurance premiums 15.2 13.9 15.1 15.5 16.4 16.5 15.7 15.8 16.3 16.8 41

42 Net worth 14352.8 15839.1 16904.8 18457.1 20188.5 20573.7 22124.8 23079.7 24443.1 25233.5 42

 Memo:

 Replacement-cost value of structures:

43 Residential 3348.3 3627.1 3886.2 4158.1 4423.6 4617.5 4736.1 5025.9 5377.7 5808.4 43

44 Households 3261.6 3534.2 3789.2 4057.3 4320.0 4511.5 4630.4 4917.5 5267.1 5694.3 44

45 Nonprofit organizations 86.7 92.9 97.0 100.8 103.6 106.0 105.8 108.4 110.6 114.1 45

46 Nonresidential (nonprofits) 361.6 383.5 407.1 430.9 456.2 478.8 490.8 512.7 541.4 575.8 46

47 Disposable personal income (SAAR) 3079.3 3258.8 3435.3 3726.3 3991.4 4254.0 4444.9 4736.7 4921.6 5184.3 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 466.1 486.0 492.1 495.3 505.8 483.6 497.8 487.2 496.6 486.7 48

 Owners’ equity in household real

49 estate (10) 3250.1 3500.6 3770.2 4064.3 4381.7 4316.6 4308.5 4418.9 4501.9 4607.4 49

 Owners’ equity as percentage of

50 household real estate (11) 69.2 68.0 67.3 66.4 66.0 63.4 61.8 60.9 60.0 59.3 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, 1985-1994, December 9, 2010

B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 With tangible assets stated at either market value or replacement cost:

 1 Assets 7448.2 7774.4 8266.9 8989.8 9500.1 9722.8 9658.3 9634.8 10082.5 10708.0 1

 2 Tangible assets 4977.1 5134.5 5396.2 5739.8 6021.8 6136.6 5946.7 5760.6 5860.4 6216.4 2

 3 Real estate (1) 2829.4 2916.3 3053.2 3252.5 3400.2 3383.2 3152.9 2892.2 2872.4 3038.5 3

 4 Equipment and software (2) 1435.1 1510.4 1578.7 1661.6 1752.6 1851.9 1906.5 1966.4 2053.5 2170.9 4

 5 Inventories (2) 712.7 707.8 764.2 825.6 869.0 901.5 887.3 902.0 934.5 1007.0 5

 6 Financial assets 2471.0 2639.9 2870.7 3250.0 3478.3 3586.3 3711.6 3874.2 4222.1 4491.6 6

 7 Foreign deposits 16.0 19.2 16.3 21.6 14.7 14.7 16.4 15.8 14.5 15.7 7

 8 Checkable deposits and currency 125.7 127.2 136.8 150.7 159.8 165.8 172.7 168.4 188.9 200.6 8

 9 Time and savings deposits 69.3 85.5 85.9 82.3 80.6 74.6 77.6 76.0 92.0 96.4 9

10 Money market fund shares 14.5 14.9 15.8 10.3 10.4 19.7 24.1 37.6 33.9 37.1 10

11 Security RPs 3.4 5.1 3.4 5.0 2.8 2.1 1.6 5.1 2.5 2.2 11

12 Commercial paper 10.5 10.2 15.0 13.6 14.3 13.8 14.7 17.0 19.4 18.8 12

13 Treasury securities 41.1 40.3 31.8 27.9 51.4 37.6 43.4 60.6 48.8 50.8 13

14 Agency- and GSE-backed securities 4.0 2.4 2.6 6.0 9.2 3.3 5.1 8.6 19.1 19.9 14

15 Municipal securities 25.6 25.1 19.4 16.8 32.4 24.7 44.8 45.8 54.7 56.7 15

16 Mortgages 57.0 50.2 51.5 68.1 54.4 52.8 59.0 60.0 52.3 56.4 16

17 Consumer credit 42.5 47.0 54.0 60.8 63.8 67.1 63.0 65.7 77.2 86.6 17

18 Trade receivables 739.3 741.5 805.3 895.9 938.0 967.2 961.4 988.9 1035.0 1107.0 18

19 Mutual fund shares (1) 10.8 15.7 12.8 10.6 11.7 9.7 14.8 21.1 29.8 31.1 19

20 Miscellaneous assets 1311.3 1455.8 1620.1 1880.3 2034.9 2133.1 2212.9 2303.4 2553.9 2712.5 20

21 Liabilities 3308.2 3498.2 3774.0 4191.7 4532.7 4729.4 4829.8 5109.7 5388.6 5627.4 21

22 Credit market instruments 1617.8 1840.0 2033.8 2233.4 2409.4 2542.5 2487.2 2511.8 2553.6 2688.5 22

23 Commercial paper 72.2 62.9 73.8 85.7 107.1 116.9 98.5 107.1 117.8 139.2 23

24 Municipal securities (3) 127.0 117.1 116.2 116.4 115.5 115.2 114.0 118.3 124.9 131.7 24

25 Corporate bonds (4) 578.2 705.4 784.1 887.2 961.1 1008.2 1086.9 1154.5 1229.7 1253.0 25

26 Bank loans n.e.c. 424.1 481.1 485.1 517.9 542.8 545.5 507.7 488.4 480.5 527.2 26

27 Other loans and advances 248.4 289.6 322.6 372.9 427.9 481.6 418.1 419.6 393.7 431.1 27

28 Mortgages 167.8 184.0 252.1 253.3 255.1 275.3 261.9 223.8 207.0 206.3 28

29 Trade payables 479.7 478.0 522.4 576.1 597.9 626.3 649.4 682.8 719.3 796.5 29

30 Taxes payable 39.0 42.8 47.9 44.4 38.3 38.3 28.9 35.3 40.7 40.3 30

31 Miscellaneous liabilities 1171.8 1137.5 1169.9 1337.8 1487.2 1522.3 1664.3 1879.8 2075.1 2102.0 31

32 Net worth (market value) 4140.0 4276.2 4492.9 4798.2 4967.4 4993.4 4828.5 4525.1 4693.9 5080.7 32

 Memo:

 Replacement-cost value of structures:

33 Residential 53.8 57.7 60.0 62.0 63.0 64.2 65.4 67.8 69.6 72.6 33

34 Nonresidential 1993.4 2041.8 2136.2 2269.4 2390.6 2510.4 2543.2 2626.3 2750.4 2885.7 34

 Market value of equities outstanding

35 (includes corporate farm equities) 1916.9 2240.8 2286.7 2558.1 3138.6 2955.8 3998.5 4361.2 4842.3 4796.8 35

36 Debt/net worth (percent) (5) 39.1 43.0 45.3 46.5 48.5 50.9 51.5 55.5 54.4 52.9 36

37 Debt/equities (percent) (6) 84.4 82.1 88.9 87.3 76.8 86.0 62.2 57.6 52.7 56.0 37

38 Equities/net worth (percent) (7) 46.3 52.4 50.9 53.3 63.2 59.2 82.8 96.4 103.2 94.4 38

 With tangible assets stated at historical cost:

39 Assets (8) 5448.7 5757.3 6178.6 6758.5 7171.5 7552.7 7812.5 8148.8 8707.4 9229.0 39

40 Tangible assets 2977.7 3117.3 3307.9 3508.5 3693.1 3966.4 4100.9 4274.6 4485.4 4737.3 40

41 Real estate 1162.9 1235.1 1305.1 1385.4 1464.8 1649.4 1726.1 1788.8 1861.7 1936.3 41

42 Equipment and software 1090.0 1160.7 1220.1 1288.1 1364.4 1441.7 1508.0 1583.3 1683.0 1805.0 42

43 Inventories 724.8 721.5 782.6 834.9 863.9 875.4 866.8 902.5 940.6 996.0 43

44 Net worth (historical cost) (9) 2140.5 2259.0 2404.6 2566.9 2638.8 2823.3 2982.7 3039.1 3318.8 3601.6 44

 Memo:

 Historical-cost value of structures:

45 Residential 19.6 21.0 22.2 23.3 24.3 25.3 26.2 27.1 28.0 29.4 45

46 Nonresidential 1025.7 1090.2 1150.5 1212.2 1278.4 1363.1 1433.3 1492.3 1555.2 1619.0 46

47 Debt/net worth (percent) (10) 75.6 81.5 84.6 87.0 91.3 90.1 83.4 82.6 76.9 74.6 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, 1985-1994, December 9, 2010 97

B.103 Balance Sheet of Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Assets 2885.0 3127.8 3254.0 3491.9 3672.3 3669.7 3608.1 3560.5 3656.5 3880.0 1

 2 Tangible assets 2614.7 2823.4 2955.6 3143.3 3316.4 3313.5 3245.8 3173.9 3245.1 3407.1 2

 3 Real estate (1) 2362.7 2551.8 2690.9 2859.3 3016.7 3005.5 2938.2 2863.0 2926.2 3073.7 3

 4 Residential 1679.6 1816.7 1904.9 2004.4 2092.9 2099.8 2100.8 2100.2 2173.7 2278.5 4

 5 Nonresidential 683.2 735.1 786.1 855.0 923.8 905.7 837.4 762.9 752.5 795.2 5

 6 Equipment and software (2) 214.5 234.4 224.4 240.5 254.0 260.5 260.9 263.4 269.7 280.5 6

 7 Residential (3) 20.7 22.3 23.9 25.6 26.9 27.9 28.2 28.9 30.1 31.2 7

 8 Nonresidential 193.8 212.0 200.6 215.0 227.1 232.6 232.7 234.4 239.7 249.3 8

 9 Inventories (2) 37.5 37.3 40.2 43.5 45.7 47.4 46.7 47.5 49.2 53.0 9

10 Financial assets 270.3 304.4 298.4 348.6 355.9 356.2 362.3 386.7 411.4 472.9 10

11 Checkable deposits and currency 61.3 63.5 64.2 68.5 69.4 71.2 72.7 77.3 79.5 91.5 11

12 Time and savings deposits 40.6 42.3 40.4 47.0 48.4 51.0 53.2 60.2 63.6 67.2 12

13 Money market fund shares 0.0 3.2 3.1 5.3 5.8 6.7 7.4 9.7 10.9 15.1 13

14 Treasury securities 5.8 10.8 9.8 10.3 11.9 12.5 12.2 13.0 13.6 18.3 14

15 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.5 1.6 15

16 Mortgages 44.0 44.7 37.9 47.8 35.1 31.1 26.0 25.2 21.9 23.8 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 63.8 74.8 76.3 88.3 95.1 97.8 96.7 103.8 108.7 125.0 18

19 Miscellaneous assets 54.8 65.1 66.7 81.4 90.2 85.9 94.0 97.5 111.7 130.3 19

20 Insurance receivables 39.6 45.0 39.0 39.1 43.3 38.6 42.4 39.9 40.8 42.2 20

21 Equity investment in GSEs (4) 0.8 0.8 0.7 0.7 0.8 0.6 0.6 0.6 0.8 0.9 21

22 Other 14.4 19.3 27.0 41.6 46.0 46.8 51.0 57.0 70.2 87.2 22

23 Liabilities 1007.3 1094.2 1159.0 1283.0 1371.4 1357.5 1326.0 1316.8 1298.9 1334.4 23

24 Credit market instruments 798.0 886.0 956.3 1054.2 1109.4 1101.8 1066.4 1035.4 1012.7 1024.6 24

25 Bank loans n.e.c. 98.5 103.1 113.8 122.4 134.3 136.4 135.0 137.7 140.2 153.9 25

26 Other loans and advances 78.8 85.5 89.8 99.0 109.0 102.8 95.8 92.4 89.6 93.4 26

27 Mortgages 620.7 697.4 752.7 832.7 866.1 862.6 835.6 805.3 782.9 777.3 27

28 Trade payables 56.9 45.5 50.9 53.3 58.7 60.0 59.7 66.6 67.3 73.8 28

29 Taxes payable 21.6 23.3 23.9 26.8 31.4 32.0 32.5 33.1 31.4 32.8 29

30 Miscellaneous liabilities 130.8 139.4 127.9 148.7 171.8 163.7 167.4 181.7 187.6 203.3 30

31 Net worth (5) 1877.7 2033.6 2095.0 2209.0 2300.9 2312.2 2282.1 2243.7 2357.6 2545.6 31

 Memo:

 Replacement-cost value of structures:

32 Residential 1137.5 1218.0 1273.5 1323.9 1362.4 1393.7 1409.8 1459.3 1508.8 1570.1 32

33 Nonresidential 442.8 476.2 514.1 558.6 598.8 627.7 629.5 641.8 667.1 699.4 33

34 Debt/net worth (percent) (6) 42.5 43.6 45.6 47.7 48.2 47.7 46.7 46.1 43.0 40.2 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, 1985-1994, December 9, 2010

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Change in net worth (1) 1493.6 1486.3 1065.7 1552.3 1731.4 385.2 1551.1 954.8 1363.4 790.4 1

 2 Net investment 387.8 509.4 439.8 449.3 345.2 515.2 387.2 440.5 398.4 421.6 2

 3 Net physical investment 199.2 237.3 242.7 252.3 240.4 205.0 152.0 197.0 231.7 279.3 3

 4 Capital expenditures 525.5 594.5 631.5 669.9 689.5 682.9 654.1 716.3 779.7 857.9 4

 5 - Consumption of fixed capital 326.3 357.3 388.8 417.6 449.0 477.9 502.1 519.2 548.0 578.6 5

 6 Net financial investment 188.6 272.1 197.1 197.0 104.8 310.2 235.2 243.5 166.7 142.3 6

 7 Net acquisition of financial assets 524.4 540.9 450.5 473.0 403.7 548.7 445.4 448.5 433.3 468.8 7

 8 - Net increase in liabilities 335.8 268.8 253.4 276.1 298.9 238.4 210.1 205.0 266.7 326.5 8

 Holding gains on assets

 9 at market value (2) 1103.1 950.4 569.9 1046.1 1353.2 -166.9 1127.1 488.7 906.9 288.2 9

10 Real estate 503.4 357.3 342.1 423.3 430.3 48.5 18.3 109.1 92.7 139.5 10

11 Corporate equities 350.9 387.1 112.3 416.8 500.4 -135.3 851.8 307.8 461.5 2.5 11

12 Mutual fund shares 16.6 25.6 -13.2 16.3 46.6 -33.1 30.9 21.1 71.1 -4.6 12

13 Equity in noncorporate business 84.7 130.3 118.5 173.5 145.6 3.3 -71.5 -56.0 94.6 160.7 13

14 Life insurance and pension fund reserves 147.5 50.2 10.2 16.2 230.2 -50.4 297.8 106.7 187.1 -9.8 14

15 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 Holding gains on assets

16 at current cost (2) 14.9 38.3 31.0 45.0 30.4 37.2 39.3 20.2 35.3 28.6 16

17 Consumer durable goods 14.2 36.6 29.5 43.6 29.0 35.5 38.9 19.6 35.1 28.3 17

18 Equipment and software 0.7 1.8 1.6 1.4 1.3 1.8 0.4 0.7 0.3 0.3 18

19 Other volume changes (3) -12.2 -11.8 25.0 12.0 2.6 -0.3 -2.5 5.5 22.9 52.0 19

 Memo:

20 Net worth outstanding (4) 14352.8 15839.1 16904.8 18457.1 20188.5 20573.7 22124.8 23079.7 24443.1 25233.5 20

21 Disposable personal income 3079.3 3258.8 3435.3 3726.3 3991.4 4254.0 4444.9 4736.7 4921.6 5184.3 21

(1) Sum of net investment (line 2), holding gains (lines 9 and 16), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
FFA, 1985-1994, December 9, 2010 99

R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Change in net worth (1) 105.9 136.3 216.7 305.2 169.2 26.0 -164.9 -303.5 168.8 386.8 1

 2 Net investment -122.2 -53.2 -1.0 -94.2 -156.1 5.5 108.9 108.8 270.1 179.2 2

 3 Net physical investment 129.2 90.5 119.7 128.7 134.2 127.7 75.0 97.7 134.5 192.4 3

 4 Capital expenditures 372.2 356.1 371.3 391.3 419.6 433.3 412.3 435.0 484.7 555.0 4

 5 - Consumption of fixed capital 242.4 256.3 268.4 285.5 302.1 319.1 334.1 341.9 356.0 376.8 5

 6 - Inventory valuation adjustment 0.0 7.1 -16.2 -22.2 -16.3 -12.9 4.9 -2.8 -4.0 -12.4 6

 7 - Nonproduced nonfinancial assets 0.6 2.2 -0.5 -0.8 -0.4 -0.7 -1.8 -1.8 -1.8 -1.8 7

 8 Net financial investment -167.0 -58.7 -45.2 -93.4 -166.1 -59.2 15.7 -16.0 114.3 31.6 8

 9 Net acquisition of financial assets 212.7 131.4 228.7 350.3 181.2 124.4 82.7 145.4 332.3 273.2 9

10 - Net increase in liabilities 379.7 190.0 273.9 443.7 347.4 183.5 67.1 161.3 217.9 241.6 10

11 Net corporate equity issues -84.5 -85.0 -75.5 -129.5 -124.2 -63.0 18.3 27.0 21.3 -44.9 11

 Holding gains on assets

12 at market value (2) 53.6 42.7 91.7 147.0 101.1 -85.7 -272.8 -289.1 -56.0 130.3 12

13 Real estate 53.7 41.5 91.8 146.4 98.6 -84.7 -275.5 -290.4 -57.9 131.1 13

14 Mutual fund shares -0.1 1.1 -0.2 0.5 2.5 -1.0 2.7 1.3 1.8 -0.8 14

 Holding gains on assets less

15 liabilities at current cost (2) 26.7 25.4 69.2 61.4 39.3 88.9 1.7 -18.2 -16.2 30.1 15

16 Equipment and software 28.8 36.0 40.6 48.4 49.4 57.7 25.0 19.0 19.5 26.0 16

17 Inventories (3) -3.3 -5.4 8.2 10.4 0.7 8.0 -10.1 2.3 2.8 10.9 17

18 Direct investment abroad 3.0 6.2 30.5 10.3 -12.9 22.6 -14.0 -33.9 -37.2 -0.1 18

19 - Foreign direct investment in U.S. 1.8 11.3 10.2 7.8 -2.1 -0.5 -0.7 5.6 1.3 6.7 19

20 Other volume changes (4) 147.8 121.4 56.8 191.0 184.9 17.3 -2.6 -105.0 -29.1 47.2 20

 Memo:

21 Net worth outstanding (5) 4140.0 4276.2 4492.9 4798.2 4967.4 4993.4 4828.5 4525.1 4693.9 5080.7 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, 1985-1994, December 9, 2010

R.103 Change in Net Worth of Nonfarm Nonfinancial Noncorporate Business

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Change in net worth (1) 110.5 155.9 61.4 114.0 91.9 11.3 -30.1 -38.4 113.8 188.0 1

 2 Proprietor’s net investment (2) -51.0 -20.2 -25.0 -22.8 -29.9 30.4 40.6 37.4 58.2 42.5 2

 3 Net capital transfers paid 0.0 0.0 0.0 0.0 -0.4 0.0 -0.1 -1.8 -0.4 -4.1 3

 4 Net investment -51.0 -20.2 -25.0 -22.8 -29.6 30.4 40.7 39.2 58.5 46.6 4

 5 Net physical investment 56.2 55.8 51.4 46.0 42.1 21.6 5.2 3.7 15.1 21.1 5

 6 Capital expenditures 117.1 122.0 116.5 115.8 116.3 98.6 83.8 82.8 96.4 105.3 6

 7 - Consumption of fixed capital 60.9 66.3 65.1 69.9 74.2 77.0 78.5 79.1 81.3 84.2 7

 8 Net acquisition of financial assets 30.7 25.0 -6.0 50.3 7.3 0.4 6.1 24.4 24.7 61.5 8

 - Net increase in liabilities from:

 9 Credit market instruments 99.2 88.0 70.3 95.4 46.6 -7.6 -33.2 -32.6 -22.7 11.9 9

10 Trade payables 5.4 1.7 5.4 2.4 5.5 1.3 -0.3 6.9 0.7 6.5 10

11 Taxes payable 3.4 1.7 0.6 2.9 4.7 0.6 0.5 0.6 -1.7 1.4 11

12 Miscellaneous liabilities 29.8 9.6 -5.8 18.2 22.2 -2.6 3.6 14.0 5.1 16.1 12

13 Holding gains on real estate (3) 157.1 145.4 100.1 131.5 122.0 -32.8 -79.0 -82.6 49.7 137.0 13

14 Residential 117.0 116.4 69.6 86.4 75.6 -4.9 -2.9 -2.2 66.2 102.1 14

15 Nonresidential 40.0 28.9 30.4 45.1 46.5 -27.8 -76.1 -80.5 -16.5 35.0 15

16 Holding gains on assets at current cost (3) 4.9 7.6 -19.4 10.3 10.3 8.2 6.5 10.5 7.1 11.3 16

17 Residential equipment and software -0.2 0.3 0.2 0.4 0.2 0.1 -0.3 0.0 0.5 0.5 17

18 Nonresidential equipment and software 5.3 7.9 -20.8 8.2 9.2 7.0 7.5 10.2 6.3 9.6 18

19 Inventories -0.2 -0.7 1.3 1.7 0.9 1.1 -0.8 0.3 0.4 1.2 19

20 Other volume changes (4) -0.6 23.1 5.6 -5.0 -10.5 5.5 1.9 -3.6 -1.1 -2.8 20

 Memo:

21 Net worth outstanding (5) 1877.7 2033.6 2095.0 2209.0 2300.9 2312.2 2282.1 2243.7 2357.6 2545.6 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, 1985-1994, December 9, 2010 101

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Current receipts, NIPA basis 1214.6 1290.1 1403.2 1502.4 1627.2 1709.3 1759.7 1845.1 1948.2 2091.9 1

 2 Personal current taxes 417.3 437.2 489.1 504.9 566.1 592.7 586.6 610.5 646.5 690.5 2

 3 Taxes on production and imports 308.1 323.4 347.5 374.5 398.9 425.0 457.1 483.4 503.1 545.2 3

 4 Taxes on corporate income 96.5 106.5 127.1 137.2 141.5 140.6 133.6 143.1 165.4 186.7 4

 5 Taxes from the rest of the world 1.9 1.7 2.0 2.4 2.7 3.0 2.6 2.6 2.7 3.1 5

 6 Contributions for govt. social insurance 282.8 304.9 324.6 363.2 386.9 412.1 432.2 457.1 479.6 510.7 6

 7 Income receipts on assets 84.0 89.7 85.6 89.9 93.7 98.0 97.0 89.6 86.8 86.0 7

 8 Current transfer receipts 23.4 25.9 27.0 27.9 32.5 36.3 44.9 50.5 55.3 60.0 8

 9 Current surplus of government enterprises 0.6 0.9 0.2 2.6 4.9 1.6 5.7 8.2 8.7 9.6 9

10 Current expenditures, NIPA basis 1370.9 1464.0 1540.5 1623.6 1741.0 1879.5 1984.0 2149.0 2229.4 2304.0 10

11 Consumption expenditures 720.1 776.1 815.1 852.8 902.9 966.0 1015.8 1050.4 1075.4 1108.9 11

12 Government social benefits 406.7 432.4 451.7 480.4 524.6 578.9 654.5 735.7 782.9 820.0 12

13 Other current transfer payments 13.8 14.2 12.7 13.2 13.5 13.5 -25.6 20.6 21.7 19.9 13

14 Interest payments 208.8 216.3 230.8 247.7 272.5 294.2 311.7 312.3 312.7 322.7 14

15 Subsidies 21.4 24.9 30.3 29.5 27.4 27.0 27.5 30.1 36.7 32.5 15

16 - Wage accruals less disbursements -0.2 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 0.0 0.0 16

17 Net government saving, NIPA basis -156.3 -173.9 -137.4 -121.2 -113.8 -170.3 -224.2 -303.9 -281.2 -212.2 17

18 + Consumption of fixed capital 92.7 99.4 106.6 113.9 121.8 130.8 138.9 144.5 151.6 158.2 18

19 - Insurance and pension fund reserves (1) 2.2 3.0 1.8 2.1 2.1 1.8 2.4 2.4 1.7 1.6 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 1.4 1.5 1.5 1.7 1.7 2.0 2.1 2.1 2.2 2.5 20

21 - Net capital transfers (2) -8.8 -9.9 -10.4 -11.0 -12.1 -8.4 -10.3 -15.6 -16.8 -19.0 21

22 = Gross saving less net capital transfers -58.5 -69.0 -23.7 -0.1 16.3 -34.8 -79.5 -148.4 -116.7 -39.0 22

23 Gross investment -78.7 -83.7 -19.7 -39.3 11.4 15.9 -85.3 -158.3 -140.9 28.2 23

24 Fixed investment 158.8 173.2 184.3 186.1 197.7 215.7 220.3 223.1 219.4 220.9 24

25 Nonproduced nonfinancial assets 1.9 0.7 3.8 4.2 4.2 5.0 6.0 6.1 6.1 6.4 25

26 Net lending (+) or net borrowing (-) -239.4 -257.6 -207.7 -229.7 -190.5 -204.9 -311.6 -387.6 -366.4 -199.1 26

27 Net acquisition of financial assets 110.4 33.0 27.3 35.5 75.0 73.7 94.5 1.3 -23.6 47.8 27

28 U.S. official reserve assets 1.9 -0.7 -5.4 1.4 12.7 0.8 -2.6 -1.7 1.0 -2.7 28

29 Checkable deposits and currency 14.1 2.9 -8.8 12.0 -13.8 3.6 33.9 -15.7 22.7 -19.9 29

30 Time and savings deposits 7.1 2.5 7.3 -2.2 -2.9 -2.9 -10.9 -6.8 -1.6 6.4 30

31 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 4.1 31

32 Security RPs 21.0 4.8 11.9 -1.0 16.1 5.7 6.7 4.6 10.7 -15.1 32

33 Credit market instruments 53.5 21.4 10.4 22.1 37.8 30.6 32.4 7.3 -21.9 16.7 33

34 Open market paper 0.0 0.0 0.2 0.5 0.9 2.4 5.0 5.2 3.7 4.4 34

35 Agency- and GSE-backed securities (3) 30.5 -1.4 5.2 22.8 30.9 -11.6 11.7 12.2 0.1 11.6 35

36 Municipal securities 0.6 0.8 -0.2 0.1 0.5 0.8 0.0 -1.1 -1.0 -0.9 36

37 Corporate and foreign bonds 3.0 2.0 2.0 1.0 2.0 1.0 2.0 2.9 5.6 5.4 37

38 Mortgages 11.6 12.3 3.4 2.9 5.6 40.8 18.9 -12.0 -20.8 -11.8 38

39 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 6.5 39

40 Other loans and advances (4) 7.7 7.7 -0.2 -5.1 -2.1 -2.8 -5.3 0.1 -9.8 1.5 40

41 Corporate equities 0.0 0.2 0.5 0.9 1.1 1.8 0.0 1.0 0.8 1.5 41

42 Mutual fund shares 0.0 0.0 0.0 0.1 1.4 3.5 2.8 4.6 5.1 8.2 42

43 Trade receivables 7.5 -1.4 11.7 4.8 6.7 0.7 -2.2 -3.6 1.2 1.7 43

44 Taxes receivable -2.0 1.0 -5.7 -3.2 -0.8 -5.8 -5.2 -0.5 -5.3 -4.8 44

45 Miscellaneous assets 7.4 2.2 5.2 0.6 16.7 35.8 39.7 12.1 -38.1 51.8 45

46 Net increase in liabilities 349.8 290.6 235.0 265.2 265.5 278.6 406.1 388.9 342.8 246.9 46

47 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 SDR certificates 0.1 0.3 0.0 0.0 3.5 1.5 0.0 -2.0 0.0 0.0 48

49 Treasury currency 0.4 0.5 0.5 0.5 0.6 1.0 0.0 0.2 0.4 0.7 49

50 Credit market instruments 288.4 231.7 194.8 202.2 189.1 251.6 344.1 338.0 285.2 187.7 50

51 Savings bonds 5.3 13.6 7.8 8.5 8.2 8.5 11.9 19.1 14.7 8.0 51

52 Other Treasury securities (4) 127.8 145.0 92.7 122.6 131.7 188.8 255.1 302.0 204.1 225.5 52

53 Budget agency securities -0.0 0.4 1.5 17.4 1.6 8.2 -13.8 0.2 7.8 0.2 53

54 Municipal securities 155.4 72.8 92.8 53.7 47.6 46.2 90.8 16.6 58.7 -45.9 54

55 Multifamily residential mortgages -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.0 55

56 Trade payables 19.4 24.4 17.7 18.9 20.4 7.1 8.1 11.6 18.0 15.8 56

57 Insurance reserves 1.1 1.0 1.2 1.2 1.2 1.2 1.2 1.4 1.4 1.3 57

58 Miscellaneous liabilities (5) 40.5 32.7 20.9 42.4 50.7 16.3 52.7 39.7 37.8 41.5 58

59 Discrepancy 20.2 14.7 -4.0 39.2 5.0 -50.7 5.8 10.0 24.2 -67.2 59

 Memo:

60 Net govt. saving less fixed investment (6) -315.1 -347.1 -321.6 -307.3 -311.5 -386.0 -444.5 -527.0 -500.6 -433.1 60

61 Adjustment between NIPA and FOF (7) 75.6 89.5 113.9 77.7 121.0 181.1 132.9 139.4 134.2 234.0 61

62 Items to be financed (8) -239.4 -257.6 -207.7 -229.7 -190.5 -204.9 -311.6 -387.6 -366.4 -199.1 62

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(2) Table F.9, line 59 less line 12.

(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(4) Excludes transactions with state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Line 17 less line 24.

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

(8) Line 59 plus line 60.
102 FFA, 1985-1994, December 9, 2010

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 774.4 816.3 846.1 889.5 963.2 1042.0 1138.1 1139.3 1138.5 1193.0 1

 2 U.S. official reserve assets 25.1 28.0 29.1 27.7 32.3 39.7 39.1 38.8 40.2 41.4 2

 3 Checkable deposits and currency 48.8 50.1 38.0 57.0 50.8 49.4 81.3 63.4 85.7 63.2 3

 4 Time and savings deposits 67.1 69.7 77.0 74.8 71.8 68.9 58.0 51.2 49.6 56.0 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 5.9 5

 6 Security RPs 74.1 79.0 90.9 89.9 106.0 111.8 118.4 123.1 133.7 118.6 6

 7 Credit market instruments 421.3 440.8 444.0 462.7 495.6 526.2 556.0 563.3 555.5 572.4 7

 8 Open market paper 0.0 0.0 0.2 0.7 1.6 4.0 9.0 14.1 17.9 22.3 8

 9 Agency- and GSE-backed securities (1) 105.1 103.7 108.9 131.7 162.6 151.0 162.7 174.9 175.0 186.6 9

10 Municipal securities 9.6 10.4 10.2 10.3 10.8 11.6 11.6 10.5 9.5 8.6 10

11 Corporate and foreign bonds 8.0 10.0 12.0 13.0 15.0 16.0 18.0 20.9 26.5 31.9 11

12 Mortgages 127.5 140.4 143.8 146.7 152.2 193.1 212.0 200.0 193.3 181.5 12

13 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 6.9 13

14 Other loans and advances (2) 171.1 176.4 168.9 160.3 153.3 150.6 142.7 142.8 133.0 134.6 14

15 Corporate equities 0.0 0.2 0.7 1.7 3.3 4.8 6.3 7.8 9.3 10.6 15

16 Mutual fund shares 0.0 0.0 0.0 0.1 1.5 4.8 9.4 14.9 21.3 29.1 16

17 Trade receivables 76.2 74.8 86.6 91.4 98.1 98.8 96.6 93.0 94.2 95.9 17

18 Taxes receivable 38.4 48.1 49.5 58.4 61.2 59.6 53.4 54.4 58.0 52.6 18

19 Miscellaneous assets 23.3 25.4 30.4 25.8 42.5 78.0 119.6 129.6 89.0 147.3 19

20 Total liabilities 2351.2 2640.3 2886.8 3159.3 3410.4 3706.5 4097.6 4486.3 4828.3 5071.8 20

21 SDR allocations 5.4 6.0 7.0 6.6 6.4 7.0 7.0 6.7 6.7 7.2 21

22 SDR certificates 4.7 5.0 5.0 5.0 8.5 10.0 10.0 8.0 8.0 8.0 22

23 Treasury currency 13.3 13.8 14.2 14.7 15.3 16.3 16.3 16.5 17.0 17.6 23

24 Credit market instruments 1982.3 2215.0 2409.8 2624.6 2813.7 3065.3 3409.4 3747.4 4032.6 4220.3 24

25 Savings bonds 79.8 93.3 101.1 109.6 117.7 126.2 138.1 157.3 171.9 179.9 25

26 Other Treasury securities (2) 1248.1 1393.2 1485.9 1608.5 1740.2 1929.0 2184.1 2486.1 2690.2 2915.6 26

27 Budget agency securities 3.2 3.6 5.1 22.6 24.2 32.4 18.6 18.8 26.6 26.7 27

28 Municipal securities 651.1 724.9 817.7 884.0 931.6 977.8 1068.6 1085.2 1143.9 1097.9 28

29 Multifamily residential mortgages 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Trade payables 155.6 180.0 197.6 216.5 236.9 244.0 252.2 263.7 281.7 297.5 30

31 Insurance reserves 17.8 18.9 20.1 21.2 22.4 23.6 24.8 26.2 27.6 28.9 31

32 Miscellaneous liabilities (4) 172.1 201.7 233.1 270.6 307.1 340.3 378.0 417.7 454.7 492.3 32

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 1985-1994, December 9, 2010 103

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Net acquisition of financial assets 50.8 0.0 -6.0 22.3 23.9 -3.2 27.5 -25.4 44.2 71.3 1

 2 Checkable deposits and currency -0.0 -0.6 -0.2 1.9 -1.0 -0.5 -0.1 0.0 -0.0 0.8 2

 3 Time and savings deposits 4.9 8.7 1.1 -3.5 9.6 -5.5 5.5 -9.1 6.4 13.1 3

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

 5 Security RPs 3.0 1.1 -0.1 1.6 0.3 -1.7 1.8 -1.1 -0.0 -4.2 5

 6 Credit market instruments 18.6 -6.6 2.5 28.3 41.6 32.0 12.8 17.1 22.9 35.6 6

 7 Open market paper 2.6 3.6 5.1 -3.9 -2.5 -1.7 1.8 -1.1 -0.0 -4.2 7

 8 Treasury securities 15.1 -7.2 -5.7 1.7 7.9 0.6 -8.9 -11.0 -5.6 10.1 8

 9 Agency- and GSE-backed securities 17.5 -4.3 7.6 13.5 21.8 20.5 12.8 11.5 15.9 30.7 9

10 Corporate and foreign bonds -21.0 2.5 -1.3 11.2 8.8 11.2 13.8 20.8 14.0 2.7 10

11 Mortgages 4.3 -1.2 -3.3 5.9 5.6 1.5 -6.8 -3.1 -1.4 -3.7 11

12 Corporate equities 7.5 -9.5 -7.7 -0.4 -22.4 0.2 2.0 -19.0 10.4 -3.8 12

13 Mutual fund shares 2.0 0.9 0.9 -0.6 0.0 0.4 1.4 2.8 4.6 16.2 13

14 Miscellaneous assets 14.8 6.0 -2.4 -5.1 -4.2 -28.0 4.1 -16.1 -0.2 13.6 14

15 Unallocated insurance contracts (1) 0.0 3.4 4.9 -15.2 -1.9 -6.2 -2.2 -15.0 -8.1 8.4 15

16 Contributions receivable 5.8 -0.1 -1.5 -0.3 4.4 2.8 8.2 5.6 7.4 6.2 16

17 Other 9.0 2.7 -5.8 10.4 -6.8 -24.6 -1.9 -6.7 0.6 -1.0 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 32.9 25.8 41.8 45.1 36.5 29.4 63.2 37.7 59.9 69.2 1

 2 Checkable deposits and currency -0.0 -0.8 -0.0 0.9 0.6 -0.3 -0.3 -0.1 0.2 0.1 2

 3 Time and savings deposits 3.7 1.8 -11.9 14.4 17.9 1.3 0.1 -8.0 -9.9 -6.3 3

 4 Money market fund shares 2.1 1.9 1.8 2.0 2.9 -0.0 1.0 1.0 6.5 5.3 4

 5 Security RPs 5.3 0.6 -0.3 0.6 1.8 0.4 1.9 1.3 0.9 -2.0 5

 6 Credit market instruments 4.5 11.2 11.1 -6.4 10.1 11.5 12.6 8.8 13.3 4.1 6

 7 Open market paper -0.2 0.7 2.1 -2.2 1.8 1.3 1.4 0.9 0.7 -2.0 7

 8 Treasury securities 5.0 -8.5 5.9 -2.0 1.8 -0.6 3.6 2.6 1.2 6.7 8

 9 Agency- and GSE-backed securities 4.9 -3.7 5.5 0.9 2.0 2.1 0.0 -0.9 -1.8 10.2 9

10 Corporate and foreign bonds -5.2 24.2 -2.6 -5.7 3.4 8.6 7.4 6.9 13.2 -9.3 10

11 Mortgages 0.0 -1.6 0.3 2.6 1.0 0.1 0.1 -0.6 -0.2 -1.4 11

12 Corporate equities 3.9 -3.4 7.8 7.2 -11.5 0.4 10.8 21.7 25.9 0.7 12

13 Mutual fund shares 0.0 0.9 1.3 0.1 5.1 6.2 9.8 19.4 29.9 39.0 13

14 Miscellaneous assets 13.5 13.7 31.9 26.2 9.7 9.9 27.3 -6.4 -6.9 28.2 14

15 Unallocated insurance contracts (2) 0.0 10.6 28.6 17.0 14.2 15.9 23.0 -4.6 1.3 22.1 15

16 Contributions receivable 0.0 0.1 3.0 -0.9 2.8 3.2 3.9 4.4 4.9 5.5 16

17 Other 13.5 3.0 0.2 10.1 -7.3 -9.2 0.4 -6.2 -13.2 0.6 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: 72.8 81.7 73.2 55.3 56.9 96.4 95.6 82.9 86.7 85.6 1

 2 Commercial banking 16.0 12.6 10.6 11.1 15.6 21.6 16.6 -0.5 -2.9 -1.1 2

 3 Saving institutions 16.2 13.3 9.4 12.0 7.3 -2.6 -3.8 -8.3 -9.1 -6.3 3

 4 Credit unions 4.2 5.9 2.9 1.5 1.9 3.2 3.6 0.9 -0.3 -0.0 4

 5 Life insurance companies 7.8 5.6 7.9 8.0 -1.3 4.4 7.1 4.9 12.6 13.2 5

 6 Money market mutual funds 1.4 2.0 5.0 5.0 9.0 11.9 -0.1 3.0 5.0 13.7 6

 7 Mutual funds 11.1 19.0 15.9 8.0 10.2 11.3 41.0 38.9 59.4 11.7 7

 8 Other self-directed accounts 16.1 23.3 21.6 9.6 14.3 46.6 31.2 44.0 22.0 54.4 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, 1985-1994, December 9, 2010

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

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Total financial assets 795.1 816.0 803.3 812.8 921.5 899.9 1051.7 1079.9 1195.1 1276.0 1

 2 Checkable deposits and currency 1.4 0.8 0.6 2.5 1.6 1.0 1.0 1.0 1.0 1.8 2

 3 Time and savings deposits 41.0 49.6 50.7 47.3 56.9 51.3 56.8 47.6 54.1 67.1 3

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

 5 Security RPs 13.9 15.0 14.9 16.5 16.8 15.0 16.9 15.8 15.8 11.6 5

 6 Credit market instruments 252.1 245.6 248.0 276.4 318.0 349.9 362.7 379.8 402.7 438.3 6

 7 Open market paper 14.4 18.0 23.1 19.2 16.8 15.0 16.9 15.8 15.8 11.6 7

 8 Treasury securities 96.4 89.2 83.5 85.1 93.0 93.6 84.7 73.7 68.1 78.2 8

 9 Agency- and GSE-backed securities 52.3 48.0 55.7 69.2 91.0 111.5 124.3 135.8 151.7 182.4 9

10 Corporate and foreign bonds 77.8 80.3 79.0 90.2 99.0 110.1 123.9 144.7 158.7 161.4 10

11 Mortgages 11.2 10.1 6.8 12.6 18.2 19.7 13.0 9.9 8.5 4.7 11

12 Corporate equities 335.9 348.2 322.3 300.6 358.9 341.4 458.6 484.5 555.6 559.9 12

13 Mutual fund shares 5.9 4.8 7.9 6.5 6.8 6.8 11.4 15.6 22.3 39.0 13

14 Miscellaneous assets 144.9 152.0 158.8 163.0 162.7 134.3 144.3 135.5 143.5 158.2 14

15 Unallocated insurance contracts (1) 81.8 85.6 91.8 78.2 80.1 73.6 77.3 69.6 69.7 79.2 15

16 Contributions receivable 11.6 11.5 10.0 9.7 14.1 16.9 25.1 30.7 38.0 44.2 16

17 Other 51.5 54.9 57.1 75.2 68.4 43.8 41.9 35.2 35.8 34.8 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 431.7 469.7 550.7 594.4 710.3 729.3 879.4 958.5 1090.3 1160.2 1

 2 Checkable deposits and currency 1.9 1.1 1.1 2.0 2.6 2.3 2.0 2.0 2.2 2.3 2

 3 Time and savings deposits 35.6 37.4 25.5 39.9 57.8 59.1 59.2 51.1 41.3 35.0 3

 4 Money market fund shares 9.1 11.0 12.8 14.8 17.8 17.8 18.8 19.8 26.3 31.6 4

 5 Security RPs 5.3 5.9 5.6 6.2 8.1 8.5 10.4 11.6 12.6 10.6 5

 6 Credit market instruments 76.9 88.1 99.2 92.8 102.9 114.4 127.0 135.9 149.1 153.2 6

 7 Open market paper 7.7 8.4 10.5 8.3 10.1 11.4 12.8 13.7 14.4 12.4 7

 8 Treasury securities 32.1 23.6 29.5 27.6 29.4 28.8 32.4 35.0 36.3 43.0 8

 9 Agency- and GSE-backed securities 14.8 11.1 16.6 17.5 19.5 21.6 21.7 20.7 18.9 29.1 9

10 Corporate and foreign bonds 19.5 43.7 41.1 35.4 38.8 47.4 54.8 61.8 75.0 65.7 10

11 Mortgages 2.8 1.2 1.4 4.0 5.1 5.2 5.3 4.7 4.5 3.1 11

12 Corporate equities 179.8 175.3 210.3 214.6 276.6 264.5 347.6 389.2 458.7 453.8 12

13 Mutual fund shares 5.2 7.3 11.9 16.9 26.2 33.7 55.0 80.6 119.9 166.9 13

14 Miscellaneous assets 117.9 143.8 184.2 207.1 218.4 229.1 259.4 268.4 280.3 307.0 14

15 Unallocated insurance contracts (2) 49.9 61.3 94.5 108.7 124.6 141.2 167.2 178.0 198.2 218.7 15

16 Contributions receivable 7.1 7.2 10.2 9.3 12.2 15.4 19.3 23.7 28.6 34.1 16

17 Other 60.9 75.2 79.4 89.0 81.7 72.5 72.9 66.7 53.6 54.2 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: 241.0 329.0 404.0 468.0 546.0 637.0 776.0 873.0 993.0 1056.0 1

 2 Commercial banking 61.0 73.6 84.3 95.4 111.0 132.6 149.2 148.6 145.8 144.7 2

 3 Saving institutions 66.9 80.2 89.6 101.6 108.9 106.3 102.5 94.2 85.1 78.9 3

 4 Credit unions 12.1 18.1 21.0 22.4 24.3 27.5 31.1 32.1 31.8 31.8 4

 5 Life insurance companies 17.0 22.7 30.1 38.9 37.9 42.0 49.7 55.6 69.5 78.7 5

 6 Money market mutual funds 7.0 9.0 13.9 18.9 27.8 39.7 39.6 42.6 47.5 61.2 6

 7 Mutual funds 25.9 47.7 62.5 73.4 93.1 98.9 144.2 189.2 266.1 277.9 7

 8 Other self-directed accounts 51.2 77.8 102.6 117.4 143.1 190.0 259.7 310.6 347.2 382.9 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, 1985-1994, December 9, 2010 105

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

Billions of dollars

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994

 

 1 Assets 16720.8 18474.3 19748.1 21601.0 23623.8 24276.7 26041.5 27201.4 28833.9 29950.4 1

 2 Tangible assets 6769.0 7404.5 8022.0 8741.9 9439.4 9727.1 9935.5 10251.6 10608.1 11049.2 2

 3 Financial assets 9951.8 11069.8 11726.1 12859.1 14184.4 14549.5 16106.0 16949.9 18225.7 18901.1 3

 4 Deposits 2517.3 2763.0 2909.8 3105.0 3265.6 3325.3 3318.4 3280.9 3214.6 3170.7 4

 5 Credit market instruments 967.4 1001.0 1176.4 1382.4 1479.6 1741.2 1824.9 1886.5 1887.4 2202.3 5

 6 Equity shares at market value 2005.8 2355.9 2380.9 2706.9 3355.4 3125.5 4353.2 4903.3 5710.0 5716.2 6

 7 Directly held 1229.5 1494.0 1462.6 1757.1 2147.5 1961.4 2759.2 3094.2 3437.0 3294.2 7

 8 Indirectly held 776.3 861.8 918.3 949.7 1208.0 1164.2 1594.0 1809.1 2273.0 2422.0 8

 9 Life insurance companies 33.3 38.3 44.0 45.7 59.3 57.8 93.8 113.3 163.5 199.6 9

10 Private pension funds 520.9 528.1 540.2 524.0 649.5 622.3 839.9 931.3 1102.6 1146.3 10

11 Defined benefit plans 338.6 350.1 325.3 303.1 361.8 344.0 463.2 490.8 565.5 578.6 11

12 Defined contribution plans 182.2 178.0 214.9 220.9 287.7 278.3 376.8 440.5 537.1 567.7 12

13 State and local govt. retirement funds 123.2 152.3 173.5 215.4 281.1 287.5 400.2 438.9 517.5 543.2 13

14 Federal government retirement funds 0.0 0.0 0.0 0.0 0.1 0.3 1.0 2.4 4.4 6.2 14

15 Mutual funds 98.9 143.2 160.6 164.6 218.0 196.1 259.0 323.2 484.9 526.7 15

16 Other 4461.3 4949.9 5259.1 5664.8 6083.7 6357.5 6609.5 6879.1 7413.8 7812.1 16

17 Liabilities 2368.0 2635.2 2843.3 3143.9 3435.4 3702.9 3916.7 4121.7 4390.8 4716.9 17

18 Net worth 14352.8 15839.1 16904.8 18457.1 20188.5 20573.7 22124.8 23079.7 24443.1 25233.5 18

 Memo:

19 Equity shares excluding defined benefit plans 1543.9 1853.5 1882.0 2188.4 2712.5 2493.9 3489.8 3973.6 4626.9 4594.3 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) 12.0 12.8 12.1 12.5 14.2 12.9 16.7 18.0 19.8 19.1 20

21 Financial assets (line 3) 20.2 21.3 20.3 21.1 23.7 21.5 27.0 28.9 31.3 30.2 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.