March 11, 2010

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

1975-1984

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

Flows Levels

Title Table Page Table Page

Summaries

Total Net Borrowing and Lending in Credit Markets F.1 1 L.1 51 

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

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

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

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

Distribution of Gross Domestic Product F.6 4 

Distribution of National Income F.7 5 

Saving and Investment F.8 6 

Net Capital Transfers F.9 7 

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

Sectors

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

Nonfinancial Business F.101 10 L.101 56 

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

Nonfarm Noncorporate Business F.103 12 L.103 58 

Farm Business F.104 12 L.104 58 

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

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

Title Table Page Table Page

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

Monetary Authority F.108 16 L.108 61 

Commercial Banking F.109 17 L.109 62 

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

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

Bank Holding Companies F.112 20 L.112 65 

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

Savings Institutions F.114 21 L.114 66 

Credit Unions F.115 22 L.115 67 

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

Life Insurance Companies F.117 23 L.117 68 

Private Pension Funds F.118 23 L.118 68 

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

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

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

Mutual Funds F.122 25 L.122 70 

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

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

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

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

Finance Companies F.127 27 L.127 72 

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

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

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

Title Table Page Table Page 

Instruments 

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

SDR Certificates and Treasury Currency F.201 30 L.201 75 

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

Net Interbank Transactions F.203 31 L.203 76 

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

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

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

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

Open Market Paper F.208 34 L.208 79 

Treasury Securities F.209 35 L.209 80 

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

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

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

Corporate Equities F.213 38 L.213 83 

Mutual Fund Shares F.214 38 L.214 83 

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

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

Total Mortgages F.217 41 L.217 86 

Home Mortgages F.218 42 L.218 87 

Multifamily Residential Mortgages F.219 42 L.219 87 

Commercial Mortgages F.220 43 L.220 88 

Farm Mortgages F.221 43 L.221 88 

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

Title Table Page Table Page 

Trade Credit F.223 44 L.223 88 

Security Credit F.224 44 L.224 88 

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

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

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

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

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

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

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

Sector Discrepancies F.11 50 

Instrument Discrepancies F.12 50 

Balance Reconciliation

Sheet

Title Table Page Table Page

Balance Sheet, Reconciliation, and 

Supplementary Tables 

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

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

Nonfarm Noncorporate Business B.103 97 R.103 100 

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

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

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

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

Balance Sheet of Households and Nonprofit Organizations 

with Equity Detail B.100.e 105 
FFA, 1975-1984, March 11, 2010 1

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total net borrowing 209.2 288.6 388.2 489.2 497.6 440.2 538.3 560.8 694.6 957.9 1

 2 Domestic nonfinancial sectors 192.9 244.7 321.1 390.5 391.6 342.9 409.7 451.8 572.9 791.7 2

 3 Household sector 56.9 83.1 127.9 160.0 169.8 108.3 106.4 83.9 175.6 219.0 3

 4 Nonfinancial corporate business 18.0 43.4 73.2 78.7 83.1 70.2 123.4 105.4 90.1 204.9 4

 5 Nonfarm noncorporate business 12.4 20.5 30.1 43.5 52.7 49.0 50.4 52.7 70.8 118.5 5

 6 Farm business 8.8 10.0 13.8 16.3 23.5 15.8 16.3 6.7 3.9 -0.4 6

 7 State and local governments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 7

 8 Federal government 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 8

 9 Rest of the world 14.1 20.5 13.5 24.0 15.0 24.2 23.5 16.0 17.3 8.4 9

10 Financial sectors 2.1 23.5 53.6 74.7 91.1 73.2 105.1 93.0 104.4 157.8 10

11 Commercial banking 4.7 6.6 7.5 7.0 13.2 15.0 22.4 18.8 20.2 23.8 11

12 U.S.-chartered commercial banks 0.4 3.7 3.1 -0.3 7.3 6.4 8.4 10.1 4.6 0.5 12

13 Foreign banking offices in U.S. 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 13

14 Bank holding companies 4.3 2.0 3.8 7.5 4.1 6.7 10.8 7.1 13.3 16.1 14

15 Savings institutions -4.2 -2.3 5.9 15.0 10.2 7.5 16.0 1.1 -5.9 20.3 15

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

17 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Government-sponsored enterprises 3.2 2.1 5.9 23.5 24.8 25.6 32.4 15.3 1.4 30.4 18

19 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 20

21 Finance companies -3.4 6.8 20.0 16.3 20.1 5.9 15.0 4.9 15.5 25.4 21

22 REITs -5.2 -1.9 -1.8 -0.6 -0.2 -0.4 -0.0 -0.0 -0.3 2.8 22

23 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 3.2 1.2 24

25 Total net lending 209.2 288.6 388.2 489.2 497.6 440.2 538.3 560.8 694.6 957.9 25

26 Domestic nonfinancial sectors 53.8 45.5 64.2 107.5 131.8 76.0 110.3 127.0 164.3 214.5 26

27 Household sector 23.0 7.0 25.9 47.6 80.8 19.1 27.0 78.0 88.5 127.8 27

28 Nonfinancial corporate business 10.5 11.4 -2.1 3.1 2.4 14.8 18.3 4.0 26.7 23.6 28

29 Nonfarm noncorporate business -0.5 1.0 1.8 2.8 1.9 0.2 8.7 4.5 7.1 9.5 29

30 State and local governments 7.4 18.2 28.6 36.9 27.7 18.2 32.2 24.5 32.3 36.6 30

31 Federal government 13.4 8.0 10.0 17.1 19.0 23.7 24.0 15.9 9.7 17.1 31

32 Rest of the world 8.5 14.3 38.2 29.7 -11.0 26.6 30.0 30.9 28.5 68.6 32

33 Financial sectors 146.9 228.8 285.8 352.0 376.9 337.6 398.0 402.9 501.8 674.8 33

34 Monetary authority 8.2 6.7 8.7 8.5 7.1 3.5 8.8 7.7 14.7 8.4 34

35 Commercial banking 31.3 66.3 91.4 128.1 131.3 108.0 109.4 125.1 143.3 174.0 35

36 U.S.-chartered commercial banks 29.7 57.8 84.2 109.0 112.5 87.6 95.0 110.7 136.5 158.7 36

37 Foreign banking offices in U.S. 1.3 5.0 5.5 19.3 16.8 19.8 12.5 14.2 3.7 12.9 37

38 Bank holding companies -0.0 2.8 1.3 -0.5 2.0 -0.3 1.4 -2.2 1.5 0.9 38

39 Banks in U.S.-affiliated areas 0.4 0.6 0.3 0.2 -0.0 0.9 0.5 2.4 1.6 1.5 39

40 Savings institutions 45.5 62.3 70.6 65.7 57.3 50.4 25.5 23.2 123.1 140.6 40

41 Credit unions 5.4 6.6 7.2 6.4 1.7 -0.8 2.0 2.3 12.1 15.3 41

42 Property-casualty insurance companies 7.3 12.5 17.5 16.5 13.4 9.9 9.4 5.0 1.7 12.3 42

43 Life insurance companies 16.9 23.7 27.5 33.1 33.0 33.2 34.7 43.5 50.6 56.3 43

44 Private pension funds 15.6 6.5 10.4 10.6 22.1 30.6 27.3 46.7 42.2 38.4 44

45 State and local govt. retirement funds 8.9 9.4 11.5 16.8 10.6 20.6 21.8 21.7 8.1 34.3 45

46 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Money market mutual funds 0.7 0.6 -0.1 3.2 19.8 16.9 65.4 30.1 -17.9 44.5 47

48 Mutual funds 0.6 0.4 3.4 0.2 2.0 2.5 3.1 5.2 9.6 18.9 48

49 Closed-end funds 0.1 0.2 -0.7 0.3 0.0 0.0 -0.1 0.5 -0.2 -0.5 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 4.5 4.7 6.4 26.7 30.0 26.4 33.2 16.0 2.7 29.1 51

52 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 52

53 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 7.8 53

54 Finance companies 2.9 11.6 22.0 25.7 29.1 13.9 22.8 10.3 25.2 34.8 54

55 REITs -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 3.4 55

56 Brokers and dealers 1.0 7.8 -5.3 -3.7 -3.6 2.6 14.4 15.2 -10.6 28.6 56

57 Funding corporations -0.1 -0.2 0.4 0.8 -0.0 0.8 5.4 0.8 28.2 -16.0 57

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 1975-1984, March 11, 2010

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Domestic 192.9 244.7 321.1 390.5 391.6 342.9 409.7 451.8 572.9 791.7 1

 2 By instrument 192.9 244.7 321.1 390.5 391.6 342.9 409.7 451.8 572.9 791.7 2

 3 Commercial paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 3

 4 Treasury securities 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 4

 5 Agency- and GSE-backed securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 5

 6 Municipal securities 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 6

 7 Corporate bonds 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 7

 8 Bank loans n.e.c. -5.8 4.5 23.8 37.5 46.1 34.5 49.6 64.8 22.3 62.1 8

 9 Other loans and advances 10.6 20.0 22.6 27.6 36.1 29.4 48.9 17.8 35.7 67.6 9

10 Mortgages 55.4 83.7 128.6 151.3 164.5 131.3 122.1 100.0 189.3 237.8 10

11 Home 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 11

12 Multifamily residential 0.0 5.0 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.1 12

13 Commercial 11.6 12.5 18.9 21.1 24.8 20.5 40.0 36.0 55.7 78.3 13

14 Farm 4.9 5.5 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.2 14

15 Consumer credit 7.8 22.0 35.5 46.4 43.3 3.4 19.8 18.8 48.2 81.7 15

16 By sector 192.9 244.7 321.1 390.5 391.6 342.9 409.7 451.8 572.9 791.7 16

17 Household sector 56.9 83.1 127.9 160.0 169.8 108.3 106.4 83.9 175.6 219.0 17

18 Nonfinancial business 39.2 73.9 117.1 138.5 159.4 135.0 190.1 164.8 164.8 323.0 18

19 Corporate 18.0 43.4 73.2 78.7 83.1 70.2 123.4 105.4 90.1 204.9 19

20 Nonfarm noncorporate 12.4 20.5 30.1 43.5 52.7 49.0 50.4 52.7 70.8 118.5 20

21 Farm 8.8 10.0 13.8 16.3 23.5 15.8 16.3 6.7 3.9 -0.4 21

22 State and local governments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 22

23 Federal government 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 23

24 Foreign borrowing in U.S. 14.1 20.5 13.5 24.0 15.0 24.2 23.5 16.0 17.3 8.4 24

25 Commercial paper 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 25

26 Bonds 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 26

27 Bank loans n.e.c. 3.9 6.8 3.1 18.3 3.1 11.8 3.0 -5.5 3.6 -6.6 27

28 Other loans and advances 2.7 4.5 4.8 0.7 6.5 8.8 11.1 13.0 4.1 5.0 28

29 Domestic and foreign 207.0 265.2 334.6 414.5 406.6 367.1 433.2 467.8 590.2 800.1 29

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 2.1 23.5 53.6 74.7 91.1 73.2 105.1 93.0 104.4 157.8 1

 2 Open market paper 1.3 6.0 12.8 13.9 26.8 12.9 32.7 9.9 21.3 24.0 2

 3 GSE issues 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 3

 4 Agency- and GSE-backed mortgage pool sec. 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 4

 5 Corporate bonds 8.1 7.0 12.3 6.6 3.6 7.6 6.7 14.8 17.4 36.3 5

 6 Bank loans n.e.c. -13.5 -2.3 2.4 4.5 3.6 0.8 2.1 2.5 2.5 5.7 6

 7 Other loans and advances -3.1 -2.4 3.2 12.9 9.8 8.3 18.1 1.2 -4.6 16.4 7

 8 Mortgages -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 8

 9 By sector 2.1 23.5 53.6 74.7 91.1 73.2 105.1 93.0 104.4 157.8 9

10 Commercial banking 4.7 6.6 7.5 7.0 13.2 15.0 22.4 18.8 20.2 23.8 10

11 U.S.-chartered commercial banks 0.4 3.7 3.1 -0.3 7.3 6.4 8.4 10.1 4.6 0.5 11

12 Foreign banking offices in U.S. 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 12

13 Bank holding companies 4.3 2.0 3.8 7.5 4.1 6.7 10.8 7.1 13.3 16.1 13

14 Savings institutions -4.2 -2.3 5.9 15.0 10.2 7.5 16.0 1.1 -5.9 20.3 14

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

16 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Government-sponsored enterprises 3.2 2.1 5.9 23.5 24.8 25.6 32.4 15.3 1.4 30.4 17

18 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 19

20 Finance companies -3.4 6.8 20.0 16.3 20.1 5.9 15.0 4.9 15.5 25.4 20

21 REITs -5.2 -1.9 -1.8 -0.6 -0.2 -0.4 -0.0 -0.0 -0.3 2.8 21

22 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 22

23 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 3.2 1.2 23
FFA, 1975-1984, March 11, 2010 3

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total 209.2 288.6 388.2 489.2 497.6 440.2 538.3 560.8 694.6 957.9 1

 2 Open market paper -1.2 8.2 15.0 17.7 37.5 19.3 51.3 5.7 26.9 51.9 2

 3 Treasury securities 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 3

 4 Agency- and GSE-backed securities 9.0 14.6 22.3 35.3 46.0 43.1 45.2 63.7 67.7 74.9 4

 5 Municipal securities 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 5

 6 Corporate and foreign bonds 42.5 38.3 40.2 31.7 24.6 36.4 36.9 52.1 46.5 88.2 6

 7 Bank loans n.e.c. -15.5 9.0 29.2 60.2 52.7 47.1 54.7 61.8 28.4 61.2 7

 8 Other loans and advances 10.2 22.1 30.7 41.3 52.4 46.5 78.1 32.0 35.3 88.9 8

 9 Mortgages 55.3 84.2 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.2 9

10 Consumer credit 7.8 22.0 35.5 46.4 43.3 3.4 19.8 18.8 48.2 81.7 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 7.5 10.3 5.7 3.0 -4.4 15.5 -7.5 16.5 51.1 -48.8 11

12 Corporate equities 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 12

13 Nonfinancial 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 13

 Foreign shares purchased by

14 U.S. residents -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 14

15 Financial -1.1 1.9 2.4 4.4 3.2 1.5 3.3 4.7 3.5 6.2 15

16 Mutual fund shares -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 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) 209.2 288.6 388.2 489.2 497.6 440.2 538.3 560.8 694.6 957.9 1

 2 Official foreign exchange 0.8 2.5 0.1 0.5 -0.1 8.1 3.4 3.6 1.1 2.2 2

 3 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 3

 4 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 4

 5 Foreign deposits 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 5

 6 Net interbank transactions -11.2 -9.1 -1.4 16.1 21.5 -33.1 -43.2 -2.1 -2.4 13.1 6

 7 Checkable deposits and currency 19.4 25.1 30.1 32.7 36.8 17.2 28.0 37.8 39.5 46.9 7

 8 Small time and savings deposits 98.4 121.5 95.2 66.6 60.6 83.8 50.0 142.0 215.1 150.3 8

 9 Large time deposits -9.1 -13.8 28.6 54.8 29.3 59.5 61.7 23.8 -11.3 86.8 9

10 Money market fund shares 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 10

11 Security RPs 3.7 16.0 7.2 23.8 16.2 23.5 28.5 31.0 12.6 35.7 11

12 Corporate equities 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 12

13 Mutual fund shares -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 13

14 Trade payables 16.6 31.5 43.9 54.5 75.7 51.2 41.2 22.8 23.6 57.3 14

15 Security credit 2.6 11.4 4.3 2.5 1.3 13.9 2.1 5.9 13.6 4.5 15

16 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 16

17 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 17

18 Taxes payable -1.4 7.2 3.4 7.0 9.9 5.6 -6.3 -2.4 4.7 4.5 18

19 Noncorporate proprietors’ equity -10.4 -13.0 -6.8 -14.3 -27.5 -41.9 10.4 -54.8 -51.7 -59.1 19

20 Miscellaneous 74.6 86.4 95.6 176.6 217.4 194.3 235.1 205.4 199.1 289.2 20

21 Total financial sources 477.5 628.2 776.8 1017.7 1084.2 1002.7 1191.0 1204.5 1327.9 1761.5 21

 - Liabilities not identified as assets:

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

23 Foreign deposits 0.4 0.9 -0.9 -0.6 3.4 3.2 -4.3 -0.6 3.7 1.0 23

24 Net interbank liabilities -3.8 -0.9 -5.4 0.2 -1.7 -3.5 -3.0 -0.9 -10.0 4.8 24

25 Security RPs 4.1 11.9 3.9 14.2 -2.6 9.1 15.2 8.1 -12.3 -11.9 25

26 Taxes payable -1.1 -0.5 2.7 2.9 7.4 7.4 7.6 7.6 -3.4 5.0 26

27 Miscellaneous 55.3 28.7 -9.4 37.5 83.1 62.9 10.6 32.9 61.8 -2.2 27

 - Floats not included in assets:

28 Checkable deposits: Federal govt. 0.0 -0.9 1.4 -0.8 1.3 -1.1 -0.2 0.3 1.6 0.5 28

29 Other 1.6 0.6 1.8 -0.5 -0.1 2.3 4.1 -1.8 2.6 -1.9 29

30 Trade credit -6.9 -8.2 -8.9 -24.1 -11.4 -19.3 -14.7 10.9 -48.0 -29.9 30

 Totals identified to sectors

31 as assets 427.9 596.8 792.0 988.9 1004.9 941.9 1176.1 1148.1 1332.3 1796.1 31
4 FFA, 1975-1984, March 11, 2010

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross Domestic Product (GDP) 1637.7 1824.6 2030.1 2293.8 2562.2 2788.1 3126.8 3253.2 3534.6 3930.9 1

 2 Personal consumption expenditures (2) 1033.8 1151.3 1277.8 1427.6 1591.2 1755.8 1939.5 2075.5 2288.6 2501.1 2

 3 Durable goods 142.2 168.6 192.0 213.3 226.3 226.4 243.9 253.0 295.0 342.2 3

 4 Nondurable goods 349.2 377.7 408.4 450.2 511.6 573.4 625.4 646.3 678.8 721.5 4

 5 Services 542.5 605.0 677.4 764.1 853.2 956.0 1070.1 1176.2 1314.8 1437.4 5

 6 Gross private domestic investment 230.2 292.0 361.3 438.0 492.9 479.3 572.4 517.2 564.3 735.6 6

 7 Fixed investment 236.5 274.8 339.0 412.2 474.9 485.6 542.6 532.1 570.0 670.2 7

 8 Nonresidential 173.7 192.4 228.7 280.6 333.9 362.4 420.0 426.5 417.2 489.6 8

 9 Household sector (nonprofit organizations) 9.4 10.3 12.2 13.2 14.0 14.8 16.3 19.6 21.5 23.1 9

10 Nonfinancial corporate business 121.7 135.8 163.6 200.7 236.1 257.7 293.2 295.2 287.4 335.8 10

11 Nonfarm noncorporate business 16.9 18.8 22.6 30.1 38.8 42.1 56.7 58.3 53.4 67.1 11

12 Farm business 13.3 14.1 15.7 17.7 20.6 17.7 17.9 13.6 12.8 13.6 12

13 Financial institutions 12.3 13.4 14.7 18.9 24.5 30.1 35.9 39.7 42.1 49.9 13

14 Residential 62.7 82.5 110.3 131.6 141.0 123.2 122.6 105.7 152.9 180.6 14

15 Household sector 50.3 67.7 90.7 106.1 108.6 94.5 93.4 83.3 121.6 144.5 15

16 Nonfinancial corporate business 0.5 0.6 0.8 1.0 1.3 1.2 1.2 0.9 1.3 1.5 16

17 Nonfarm noncorporate business 11.9 14.2 18.8 24.5 31.1 27.5 28.0 21.4 29.9 34.6 17

18 REITs 0.1 0.0 -0.1 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.1 18

19 Change in private inventories -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 19

20 Nonfinancial corporate business -9.1 17.1 16.9 23.2 13.7 -0.2 20.0 -19.6 9.1 56.7 20

21 Nonfarm noncorporate business -0.5 0.9 0.9 1.2 0.7 -0.0 1.1 -1.0 0.5 3.0 21

22 Farm business 3.4 -0.8 4.5 1.4 3.6 -6.1 8.8 5.8 -15.4 5.7 22

23 Net U.S. exports of goods and services 16.0 -1.6 -23.1 -25.4 -22.5 -13.1 -12.5 -20.0 -51.6 -102.7 23

24 Exports 138.7 149.5 159.3 186.9 230.1 280.8 305.2 283.2 277.0 302.4 24

25 - Imports 122.7 151.1 182.4 212.3 252.7 293.8 317.8 303.2 328.6 405.1 25

 Government consumption expenditures and

26 gross investment 357.7 383.0 414.1 453.6 500.7 566.1 627.5 680.4 733.4 796.9 26

27 Consumption expenditures (3) 294.6 316.6 346.6 376.5 412.3 465.9 520.6 568.1 610.5 657.6 27

28 Federal 129.5 137.1 150.7 163.3 178.9 207.4 238.3 263.3 286.4 309.9 28

29 State and local 165.1 179.5 195.9 213.2 233.3 258.4 282.3 304.9 324.1 347.7 29

30 Gross investment (3) 63.1 66.4 67.5 77.1 88.5 100.3 106.9 112.3 122.9 139.4 30

31 Federal 19.5 22.6 24.7 27.6 31.6 36.3 41.9 47.5 56.4 64.4 31

32 State and local 43.6 43.8 42.8 49.5 56.8 64.0 65.0 64.8 66.4 75.0 32

 Memo:

33 Net U.S. income receipts from rest of the world 13.0 16.8 20.3 21.6 31.9 34.2 32.9 36.5 37.1 36.3 33

34 U.S. income receipts 28.0 32.4 37.2 46.3 68.3 79.1 92.0 101.0 101.9 121.9 34

35 - U.S. income payments 15.0 15.5 16.9 24.7 36.4 44.9 59.1 64.5 64.8 85.6 35

 Gross National Product (GNP) =

36 GDP + net U.S. income receipts 1650.7 1841.4 2050.4 2315.3 2594.2 2822.3 3159.8 3289.7 3571.7 3967.2 36

 Acquisition of nonproduced nonfinancial assets (net)

37 Nonfinancial corporate business -1.6 0.6 -0.2 -1.1 1.0 2.1 3.4 1.4 2.5 1.1 37

38 State and local governments 1.9 1.7 1.6 1.6 1.7 1.8 2.0 2.0 2.2 2.6 38

39 Federal governments -0.4 -2.4 -1.4 -0.6 -2.8 -4.0 -5.5 -3.6 -4.9 -3.9 39

40 Rest of the world 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 40

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

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

(3) Government inventory investment is included in consumption expenditures.
FFA, 1975-1984, March 11, 2010 5

F.7 Distribution of National Income (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 National Income 1444.0 1609.8 1797.4 2027.9 2248.3 2433.0 2729.8 2851.4 3070.9 3461.3 1

 2 Compensation of employees 949.1 1059.3 1180.5 1335.5 1498.3 1647.6 1819.7 1919.6 2035.5 2245.4 2

 3 Wages and other labor income 902.3 1004.8 1119.3 1263.7 1415.9 1558.7 1716.0 1809.9 1916.1 2106.2 3

 4 Employer social insurance contributions 46.7 54.4 61.1 71.5 82.6 88.9 103.6 109.8 119.9 139.0 4

 5 Wage accruals less disbursements 0.1 0.1 0.1 0.3 -0.2 -0.0 0.1 -0.0 -0.4 0.2 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 119.6 132.2 146.0 167.5 181.1 173.5 181.6 174.8 190.7 233.1 6

 7 Nonfarm 97.6 115.0 130.1 147.6 159.0 161.8 162.6 161.5 184.5 212.1 7

 8 Farm 22.0 17.2 16.0 19.9 22.1 11.7 19.0 13.3 6.2 20.9 8

 Rental income of persons (with capital

 9 consumption adjustment) 23.4 22.1 19.6 20.9 22.6 28.5 36.5 38.1 38.2 40.0 9

 Corporate profits with inventory

10 valuation and capital consumption adjustments 133.3 161.6 191.8 218.4 225.4 201.4 223.3 205.7 259.8 318.6 10

 Corporate profits with inventory

11 valuation adjustment 135.0 165.6 194.8 222.4 232.0 211.4 219.1 191.1 226.6 264.6 11

12 Profits before tax 145.5 179.7 210.5 246.1 272.1 253.5 243.7 198.6 234.0 268.6 12

13 Domestic nonfinancial 110.0 137.8 159.1 182.8 196.3 183.7 184.9 140.1 163.6 197.7 13

14 Farm 0.7 0.5 0.4 0.9 0.9 0.4 0.1 -0.1 -0.2 -0.1 14

15 Rest of the world 14.6 16.5 19.1 22.9 34.6 35.5 29.7 32.6 35.1 36.6 15

16 Domestic financial 20.2 25.0 31.9 39.5 40.4 34.0 29.1 26.0 35.5 34.4 16

 Less:

17 Taxes on corporate income 51.6 65.3 74.4 84.9 90.0 87.2 84.3 66.5 80.6 97.5 17

18 Domestic nonfinancial 41.6 53.3 60.3 67.3 70.3 67.9 65.7 48.7 61.6 75.7 18

19 Farm 0.3 0.2 0.2 0.3 0.3 0.3 0.3 0.1 0.1 0.3 19

20 Domestic financial 9.7 11.8 13.9 17.3 19.4 19.0 18.3 17.7 18.9 21.6 20

 Equals:

21 Profits after tax 93.9 114.5 136.1 161.3 182.1 166.4 159.4 132.1 153.4 171.1 21

22 Net dividends 33.0 39.0 44.8 50.8 57.5 64.1 73.8 77.7 83.5 90.8 22

23 Domestic nonfinancial 24.4 27.6 30.6 35.7 37.4 44.5 52.2 53.8 63.0 66.9 23

24 Farm 0.2 0.1 0.3 0.2 0.2 0.2 0.3 0.3 0.3 0.3 24

25 Rest of the world 6.6 9.0 11.1 11.2 16.0 16.7 15.4 16.4 12.1 12.3 25

26 Domestic financial 1.8 2.3 2.8 3.7 3.8 2.7 5.8 7.3 8.1 11.3 26

27 Undistributed profits 60.9 75.4 91.3 110.5 124.6 102.3 85.6 54.4 69.9 80.3 27

28 Domestic nonfinancial 44.0 56.9 68.1 79.8 88.6 71.4 67.0 37.6 39.0 55.1 28

29 Farm 0.2 0.1 -0.1 0.5 0.3 -0.1 -0.5 -0.4 -0.6 -0.6 29

30 Rest of the world 8.1 7.6 8.0 11.7 18.6 18.7 14.2 16.2 22.9 24.3 30

31 Domestic financial 8.6 10.9 15.3 18.6 17.1 12.3 5.0 1.0 8.5 1.5 31

32 Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 32

33 Capital consumption adjustment -1.7 -4.0 -3.0 -4.0 -6.6 -10.0 4.2 14.6 33.3 54.0 33

34 Domestic nonfinancial -1.6 -3.6 -2.3 -3.5 -5.5 -7.3 6.3 17.5 34.9 55.8 34

35 Farm 0.4 0.4 0.4 0.3 0.2 0.1 0.2 0.3 0.3 0.4 35

36 Domestic financial -0.5 -0.9 -1.1 -0.8 -1.4 -2.8 -2.3 -3.1 -2.0 -2.2 36

37 Net interest and miscellaneous payments 81.6 85.5 101.1 115.0 138.9 181.8 232.3 271.1 285.3 327.1 37

38 Taxes on production and imports 135.3 146.4 159.7 170.9 180.1 200.3 235.6 240.9 263.3 289.8 38

39 Less: Subsidies 4.5 5.1 7.1 8.9 8.5 9.8 11.5 15.0 21.3 21.1 39

40 Business current transfer payments (net) 9.4 9.5 8.5 10.8 13.3 14.7 17.9 20.6 22.6 30.3 40

41 Current surplus of government enterprises -3.2 -1.8 -2.7 -2.2 -2.9 -5.1 -5.6 -4.5 -3.2 -1.9 41

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

42 National Income, from line 1 above 1444.0 1609.8 1797.4 2027.9 2248.3 2433.0 2729.8 2851.4 3070.9 3461.3 42

 Plus:

43 Private consumption of fixed capital 150.4 165.5 186.1 212.0 244.5 282.3 323.2 356.4 369.5 387.5 43

44 Government consumption of fixed capital 39.9 42.6 45.6 49.5 54.4 61.8 70.1 77.1 81.6 86.9 44

45 Statistical discrepancy 16.3 23.5 21.2 26.1 47.0 45.3 36.6 4.7 49.7 31.5 45

 Less:

46 Net U.S. income receipts from rest of the world 13.0 16.8 20.3 21.6 31.9 34.2 32.9 36.5 37.1 36.3 46

 Equals:

47 Gross Domestic Product 1637.7 1824.6 2030.1 2293.8 2562.2 2788.1 3126.8 3253.2 3534.6 3930.9 47

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

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Department of Commerce.
6 FFA, 1975-1984, March 11, 2010

F.8 Saving and Investment (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 296.9 342.0 396.7 476.3 533.2 542.7 646.1 621.5 602.4 753.4 1

 2 Net saving 106.5 133.8 164.9 214.9 234.3 198.6 252.7 187.9 151.3 279.0 2

 3 Net private saving 174.6 180.1 197.9 225.2 235.3 246.5 301.9 325.4 322.6 426.5 3

 4 Personal saving 125.9 122.8 125.3 142.4 157.5 196.3 236.7 263.9 226.9 296.3 4

 5 Undistributed corporate profits w/IVA & CCA 48.7 57.3 72.6 82.8 77.8 50.2 65.2 61.5 95.7 130.3 5

 6 Undistributed profits 60.9 75.4 91.3 110.5 124.6 102.3 85.6 54.4 69.9 80.3 6

 7 Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 7

 8 Capital consumption adjustment -1.7 -4.0 -3.0 -4.0 -6.6 -10.0 4.2 14.6 33.3 54.0 8

 9 Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Net government saving -68.2 -46.3 -33.0 -10.2 -1.0 -47.8 -49.2 -137.5 -171.4 -147.5 10

11 Federal -70.6 -53.7 -46.1 -28.9 -14.0 -56.6 -56.8 -135.3 -176.2 -171.5 11

12 State and local 2.5 7.4 13.1 18.7 13.0 8.8 7.6 -2.2 4.9 23.9 12

13 Consumption of fixed captal 190.4 208.2 231.8 261.4 298.9 344.1 393.3 433.5 451.1 474.3 13

14 Private 150.4 165.5 186.1 212.0 244.5 282.3 323.2 356.4 369.5 387.5 14

15 Domestic business 125.8 138.5 155.5 176.4 203.5 235.4 271.2 300.7 311.4 326.0 15

16 Households and institutions 24.7 27.1 30.7 35.5 41.0 46.9 52.1 55.8 58.1 61.5 16

17 Government 39.9 42.6 45.6 49.5 54.4 61.8 70.1 77.1 81.6 86.9 17

18 Federal 19.7 21.4 23.0 25.0 27.0 30.0 33.8 37.6 40.7 44.5 18

19 State and local 20.2 21.3 22.6 24.5 27.5 31.8 36.3 39.5 40.9 42.3 19

 Gross domestic investment, capital account

20 transactions, and net lending, NIPAs 313.2 365.4 417.9 502.4 580.2 588.0 682.6 626.2 652.1 784.9 20

21 Gross domestic investment 293.3 358.4 428.8 515.0 581.3 579.5 679.3 629.5 687.1 875.0 21

22 Gross private domestic investment 230.2 292.0 361.3 438.0 492.9 479.3 572.4 517.2 564.3 735.6 22

23 Fixed investment 236.5 274.8 339.0 412.2 474.9 485.6 542.6 532.1 570.0 670.2 23

24 Nonresidential 173.7 192.4 228.7 280.6 333.9 362.4 420.0 426.5 417.2 489.6 24

25 Residential 62.7 82.5 110.3 131.6 141.0 123.2 122.6 105.7 152.9 180.6 25

26 Change in private inventories -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 26

27 Gross government investment 63.1 66.4 67.5 77.1 88.5 100.3 106.9 112.3 122.9 139.4 27

28 Capital account transactions (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 -0.1 28

29 Net lending or net borrowing (-), NIPAs 19.8 7.1 -10.9 -12.6 -1.2 8.5 3.4 -3.2 -35.0 -90.0 29

30 Statistical discrepancy (line 20 less line 1) 16.3 23.5 21.2 26.1 47.0 45.3 36.6 4.7 49.7 31.5 30

 Addenda:

31 Disaster losses 0.0 0.2 0.3 0.0 1.1 0.5 0.0 0.9 1.1 0.0 31

32 Private 0.0 0.2 0.3 0.0 1.1 0.5 0.0 0.9 1.1 0.0 32

33 Domestic business 0.0 0.1 0.3 0.0 0.8 0.4 0.0 0.6 0.6 0.0 33

34 Households and institutions 0.0 0.1 0.1 0.0 0.3 0.1 0.0 0.3 0.5 0.0 34

35 Government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

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

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

(1) This table corresponds to NIPA table 5.1 in the Survey of Current Business, Department of Commerce.
FFA, 1975-1984, March 11, 2010 7

F.9 Net Capital Transfers (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Capital transfers paid, by sector 16.2 17.9 20.5 19.2 22.1 25.5 25.0 24.8 23.9 26.1 1

 2 By private business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

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

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

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

 8 By government 9.7 10.6 11.2 12.0 14.5 16.7 15.7 14.7 15.6 17.8 8

 9 Federal 9.7 10.6 11.2 12.0 14.5 16.7 15.7 14.7 15.6 17.8 9

10 Investment grants to state and local govts. 9.4 10.4 11.0 11.7 14.2 16.3 15.4 14.4 15.4 17.7 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 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 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 0.1 0.1 0.1 0.1 0.1 0.1 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 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 18

19 Estate and gift taxes, federal 4.9 5.6 7.2 5.2 5.5 6.5 6.9 7.5 5.8 6.0 19

20 Estate and gift taxes, state and local 1.6 1.7 2.1 2.0 2.0 2.3 2.4 2.6 2.5 2.4 20

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

22 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 16.2 17.9 20.5 19.2 22.1 25.5 25.0 24.8 23.9 26.1 24

25 By private business 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 25

26 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 29

30 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Other 0.2 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.0 0.0 31

32 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 15.9 17.6 20.2 18.9 21.7 25.1 24.7 24.5 23.7 26.0 35

36 Federal 4.9 5.6 7.2 5.2 5.5 6.5 6.9 7.5 5.8 6.0 36

37 Estate and gift taxes paid by persons 4.9 5.6 7.2 5.2 5.5 6.5 6.9 7.5 5.8 6.0 37

38 State and local 11.0 12.0 13.1 13.7 16.2 18.6 17.8 16.9 18.0 20.1 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 1.6 1.7 2.1 2.0 2.0 2.3 2.4 2.6 2.5 2.4 40

41 Investment grants paid by federal government 9.4 10.4 11.0 11.7 14.2 16.3 15.4 14.4 15.4 17.7 41

42 By persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.1 0.1 0.1 0.1 0.1 0.1 45

46 Capital transfers paid by U.S. government 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 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) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 48

49 Financial corporations (lines 3-26) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

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

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

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

53 Other (lines 5-27) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 57

58 Noncorporate business (lines 7-32) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

59 By government (lines 8-35) -6.2 -7.0 -9.1 -6.9 -7.2 -8.4 -8.9 -9.8 -8.2 -8.3 59

60 Federal (lines 9-36) 4.8 5.0 4.0 6.8 9.0 10.2 8.8 7.2 9.8 11.8 60

61 State and local (lines 16-38) -11.0 -12.0 -13.1 -13.7 -16.2 -18.6 -17.8 -16.9 -18.0 -20.1 61

62 By persons (lines 18-42) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 62

63 By the rest of the world (lines 21-45) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 63

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

(2) Sum of lines 52, 54, 55, and 56 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Flow of Funds Accounts.
8 FFA, 1975-1984, March 11, 2010

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets 179.4 198.1 243.3 283.5 312.8 315.8 358.1 412.6 476.0 558.6 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 2

 3 Checkable deposits and currency 1.4 12.5 17.2 17.9 21.8 13.9 46.1 19.5 15.9 19.6 3

 4 Time and savings deposits 78.0 102.6 106.1 102.4 76.9 121.5 70.1 116.1 202.7 229.4 4

 5 Money market fund shares 1.3 -0.3 -0.2 5.7 30.5 24.9 90.3 33.5 -33.4 44.5 5

 6 Securities 10.5 6.9 18.0 30.2 46.4 -0.7 -26.3 31.1 85.1 73.0 6

 7 Open market paper -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 7

 8 U.S. savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 8

 9 Other Treasury securities 15.8 -13.0 -1.2 1.1 47.2 24.2 -0.1 19.1 43.9 53.5 9

10 Agency- and GSE-backed securities -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 10

11 Municipal securities 5.8 6.1 6.0 26.8 19.3 6.5 29.6 40.6 45.6 43.1 11

12 Corporate and foreign bonds 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 12

13 Corporate equities (2) -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 13

14 Mutual fund shares -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 14

15 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 15

16 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 16

17 Miscellaneous and other assets 14.5 15.7 21.3 32.4 33.1 28.4 50.1 35.3 33.6 23.4 17

18 Gross investment in tangible assets 236.6 280.4 342.5 392.4 428.2 400.9 448.9 433.6 495.4 608.5 18

19 Residential fixed investment 62.2 81.9 109.5 130.6 139.7 122.0 121.4 104.7 151.5 179.1 19

20 Other fixed assets (3) 39.7 43.1 50.5 61.0 73.3 74.6 90.9 91.5 87.7 103.9 20

21 Consumer durables 131.8 155.3 177.1 198.2 210.9 210.4 226.8 232.7 271.1 316.8 21

22 Inventories (3) 2.9 0.1 5.4 2.6 4.3 -6.1 9.8 4.7 -14.9 8.7 22

23 Consumption of fixed capital 167.5 184.3 205.7 232.8 262.7 296.0 323.8 340.4 349.8 373.5 23

24 Residential fixed investment 26.7 29.2 33.1 38.4 44.3 50.6 56.1 60.0 62.4 65.8 24

25 Other fixed assets (3) 29.6 32.2 35.6 40.0 45.9 52.7 59.8 65.9 68.0 70.9 25

26 Consumer durables 111.2 122.8 137.0 154.4 172.6 192.7 207.9 214.5 219.4 236.7 26

27 Net investment in tangible assets (4) 69.0 96.1 136.8 159.6 165.5 104.9 125.1 93.2 145.6 235.0 27

28 Residential fixed investment 35.5 52.7 76.4 92.2 95.4 71.4 65.3 44.7 89.1 113.2 28

29 Other fixed assets (3) 10.1 10.9 14.9 21.1 27.4 21.9 31.1 25.6 19.8 33.0 29

30 Consumer durables 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 30

31 Inventories (3) 2.9 0.1 5.4 2.6 4.3 -6.1 9.8 4.7 -14.9 8.7 31

32 Net increase in liabilities 85.6 123.9 179.8 232.5 267.1 199.1 179.0 183.6 277.3 353.4 32

33 Mortgage debt on nonfarm homes 39.0 60.1 91.4 109.6 116.0 92.5 67.8 54.3 114.6 134.3 33

34 Other mortgage debt (3) 13.5 17.6 23.8 29.7 48.6 49.7 42.9 56.2 64.8 89.9 34

35 Consumer credit 7.8 22.0 35.5 46.4 43.3 3.4 19.8 18.8 48.2 81.7 35

36 Policy loans 1.6 1.4 1.7 2.6 4.7 6.7 7.4 4.2 1.1 0.4 36

37 Security credit 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 37

38 Other liabilities (3) 22.9 19.0 25.3 41.5 54.1 39.5 42.8 47.3 40.4 49.4 38

39 Net capital transfers paid (5) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 39

40 Personal saving, with consumer durables (FOF) 169.2 177.6 209.6 217.8 218.7 230.4 313.4 332.3 352.6 448.5 40

41 Less net investment in consumer durables 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 41

42 = Personal saving, without consumer durables (FOF) (6) 148.6 145.1 169.5 174.0 180.3 212.6 294.5 314.1 301.0 368.4 42

43 Personal saving (NIPA, excludes consumer durables) 125.9 122.8 125.3 142.4 157.5 196.3 236.7 263.9 226.9 296.3 43

44 Difference 22.7 22.3 44.2 31.6 22.9 16.3 57.8 50.2 74.1 72.2 44

 Memo:

45 Disposable personal income 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 45

 Personal saving as a percentage of disposable personal income:

46 With consumer durables (FOF) (line 40) 14.3 13.6 14.6 13.6 12.2 11.5 14.0 13.8 13.6 15.5 46

47 Without consumer durables (FOF) (line 42) 12.5 11.1 11.8 10.8 10.1 10.6 13.2 13.0 11.6 12.7 47

48 Without consumer durables (NIPA) (line 43) 10.6 9.4 8.7 8.9 8.8 9.8 10.6 10.9 8.7 10.2 48

49 Difference (line 44) 1.9 1.7 3.1 2.0 1.3 0.8 2.6 2.1 2.8 2.5 49

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

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

(3) Includes corporate farms.

(4) Line 18 less line 23.

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

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

 (line 27 less line 41) less net increase in liabilities (line 32) plus net capital transfers paid (line 39). Line 43 is disposable personal income (line 45) less personal outlays (table F.100, line 4).
FFA, 1975-1984, March 11, 2010 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Personal income 1334.9 1474.7 1632.5 1836.7 2059.5 2301.5 2582.3 2766.8 2952.2 3268.9 1

 2 - Personal current taxes 147.6 172.3 197.5 229.4 268.7 298.9 345.2 354.1 352.3 377.4 2

 3 = Disposable personal income 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 3

 4 - Personal outlays 1061.3 1179.6 1309.7 1465.0 1633.4 1806.4 2000.4 2148.8 2372.9 2595.2 4

 5 = Personal saving, NIPA (2) 125.9 122.8 125.3 142.4 157.5 196.3 236.7 263.9 226.9 296.3 5

 6 + Government insurance and pension reserves (3) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 6

 7 + Net investment in consumer durables 20.6 32.5 40.1 43.8 38.3 17.7 18.9 18.2 51.6 80.1 7

 8 + Consumption of fixed capital 135.9 149.9 167.7 189.9 213.5 239.6 259.9 270.3 277.6 298.3 8

 9 - Net capital transfers paid (4) 6.4 7.2 9.3 7.2 7.5 8.8 9.3 10.1 8.3 8.4 9

10 = Gross saving less net capital transfers paid 277.7 298.5 324.1 369.8 402.3 444.8 505.9 542.2 548.9 669.8 10

11 Gross investment 298.0 319.7 367.7 399.8 424.1 461.2 564.4 592.6 622.2 738.6 11

12 Capital expenditures 191.5 233.3 280.0 317.4 333.5 319.8 336.5 335.5 414.2 484.4 12

13 Residential 50.3 67.7 90.7 106.1 108.6 94.5 93.4 83.3 121.6 144.5 13

14 Consumer durable goods 131.8 155.3 177.1 198.2 210.9 210.4 226.8 232.7 271.1 316.8 14

15 Nonprofit nonresidential 9.4 10.3 12.2 13.2 14.0 14.8 16.3 19.6 21.5 23.1 15

16 Net financial investment 106.5 86.4 87.7 82.3 90.6 141.5 227.9 257.1 208.0 254.2 16

17 Net acquisition of financial assets 165.5 174.2 218.9 246.8 262.8 259.5 335.4 345.4 394.9 473.0 17

18 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 18

19 Checkable deposits and currency 0.8 10.5 14.5 14.6 18.9 11.0 43.8 15.7 7.4 14.5 19

20 Time and savings deposits 77.6 101.2 103.4 99.0 71.2 118.6 68.6 113.7 199.1 226.0 20

21 Money market fund shares 1.3 -0.3 -0.2 5.7 30.5 24.9 90.3 33.5 -33.4 44.5 21

22 Credit market instruments 23.0 7.0 25.9 47.6 80.8 19.1 27.0 78.0 88.5 127.8 22

23 Open market paper -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 23

24 Treasury securities 19.8 -8.6 2.6 4.3 46.8 17.1 -5.2 19.3 44.2 57.0 24

25 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 25

26 Other 15.7 -13.3 -2.1 0.4 47.6 24.5 -0.8 19.2 41.1 54.0 26

27 Agency- and GSE-backed securities -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 27

28 Municipal securities 5.8 6.1 6.0 26.8 19.3 6.5 29.6 40.6 45.6 43.1 28

29 Corporate and foreign bonds 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 29

30 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 30

31 Mortgages 7.4 1.7 2.5 7.6 9.3 6.5 15.1 17.3 0.0 0.9 31

32 Corporate equities (6) -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 32

33 Mutual fund shares -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 33

34 Security credit 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 34

35 Life insurance reserves 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 35

36 Pension fund reserves 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 36

37 Equity in noncorporate business -10.4 -13.0 -6.8 -14.3 -27.5 -41.9 10.4 -54.8 -51.7 -59.1 37

38 Miscellaneous assets 4.0 5.9 7.4 7.1 7.8 7.2 8.0 8.7 16.4 2.9 38

39 Net increase in liabilities 59.0 87.8 131.2 164.5 172.2 118.0 107.5 88.3 187.0 218.8 39

40 Credit market instruments 56.9 83.1 127.9 160.0 169.8 108.3 106.4 83.9 175.6 219.0 40

41 Home mortgages (7) 39.7 57.6 85.9 105.7 116.5 90.2 67.0 47.4 105.1 127.3 41

42 Consumer credit 7.8 22.0 35.5 46.4 43.3 3.4 19.8 18.8 48.2 81.7 42

43 Municipal securities 1.4 2.0 3.4 2.6 2.9 3.1 4.4 8.5 11.4 10.2 43

44 Bank loans n.e.c. (8) 6.4 -0.8 0.2 1.3 0.0 3.0 5.6 1.8 0.5 -6.0 44

45 Other loans and advances 2.2 1.8 2.2 3.4 5.8 7.7 8.9 5.9 2.0 1.0 45

46 Commercial mortgages -0.5 0.5 0.6 0.6 1.3 0.9 0.7 1.5 8.4 4.8 46

47 Security credit 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 47

48 Trade payables 0.5 0.2 0.4 0.8 0.7 1.2 1.0 0.8 2.4 3.1 48

 Deferred and unpaid

49 life insurance premiums 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 49

50 Discrepancy -20.3 -21.2 -43.7 -30.0 -21.8 -16.4 -58.5 -50.4 -73.3 -68.8 50

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

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

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

(4) Table F.9, line 62.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 33) and life insurance and pension reserves (lines 35 and 36).

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

(8) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.108, line 17.
10 FFA, 1975-1984, March 11, 2010

F.101 Nonfinancial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Income before taxes 238.1 278.6 314.7 360.5 389.1 371.6 386.7 339.5 380.8 459.6 1

 2 Gross saving less net capital transfers paid 160.0 178.4 205.4 231.6 253.7 261.7 316.8 344.2 377.5 431.6 2

 3 Gross investment 110.1 153.5 187.6 201.3 204.1 222.5 309.7 275.7 358.2 428.7 3

 4 Capital expenditures 156.5 201.1 243.6 298.8 346.8 342.0 430.2 376.0 381.5 519.1 4

 5 Fixed investment 164.4 183.4 221.5 274.1 327.8 346.2 397.0 389.5 384.8 452.6 5

 6 Residential 12.4 14.7 19.7 25.6 32.4 28.7 29.2 22.4 31.2 36.1 6

 7 Nonresidential 152.0 168.7 201.8 248.5 295.4 317.5 367.8 367.2 353.6 416.5 7

 8 Change in inventories -6.3 17.1 22.3 25.8 18.0 -6.3 29.8 -14.9 -5.8 65.4 8

 9 Nonproduced nonfinancial assets -1.6 0.6 -0.2 -1.1 1.0 2.1 3.4 1.4 2.5 1.1 9

10 Net financial investment -46.4 -47.6 -56.0 -97.5 -142.7 -119.5 -120.5 -100.3 -23.3 -90.4 10

11 Net acquisition of financial assets 29.2 77.4 131.7 152.7 180.7 141.0 243.7 99.9 170.8 304.1 11

12 Foreign deposits 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 12

13 Checkable deposits and currency 11.1 6.7 6.5 9.6 9.0 2.4 -18.6 14.1 30.1 18.2 13

14 Time and savings deposits 4.0 6.1 9.3 6.1 8.0 7.6 11.4 11.0 10.0 2.6 14

15 Money market fund shares 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 15

16 Security RPs 0.2 0.3 0.7 0.4 0.6 0.8 -2.1 0.7 0.8 0.7 16

17 Credit market instruments 9.9 12.3 -0.3 5.9 4.3 15.0 27.0 8.6 33.8 33.1 17

18 Commercial paper 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 18

19 Treasury securities 7.4 7.5 -4.1 -0.7 -2.0 -0.0 5.7 2.3 11.9 5.8 19

20 Agency- and GSE-backed securities -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 20

21 Municipal securities -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 21

22 Mortgages -0.3 1.6 4.6 4.6 6.2 9.8 16.6 7.0 6.1 21.4 22

23 Consumer credit 0.5 2.1 0.4 1.6 1.2 0.4 0.8 0.4 4.6 3.0 23

24 Mutual fund shares -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 24

25 Trade receivables 18.5 32.3 48.1 66.9 76.5 52.0 49.3 3.0 64.8 74.5 25

26 Miscellaneous assets -14.9 19.0 65.2 60.9 77.8 59.3 162.3 63.1 33.7 168.4 26

27 Net increase in liabilities 75.6 125.0 187.7 250.3 323.4 260.5 364.2 200.2 194.1 394.5 27

28 Credit market instruments 39.2 73.9 117.1 138.5 159.4 135.0 190.1 164.8 164.8 323.0 28

29 Commercial paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 29

30 Municipal securities 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 30

31 Corporate bonds 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 31

32 Bank loans n.e.c. -12.2 5.3 23.6 36.2 46.1 31.5 44.0 63.0 21.7 68.1 32

33 Other loans and advances 8.3 16.1 20.2 25.8 30.1 20.8 38.8 11.0 32.6 58.8 33

34 Mortgages 16.3 25.7 42.1 45.1 46.8 40.2 54.5 51.2 75.8 105.8 34

35 Corporate equities 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 35

36 Trade payables 11.0 21.9 35.6 44.5 64.0 34.9 33.1 15.2 7.7 39.5 36

37 Taxes payable -1.2 6.7 2.4 6.0 9.8 5.4 -5.6 -2.8 4.9 4.6 37

38 Miscellaneous liabilities 27.8 25.4 36.8 76.0 126.6 117.2 149.7 76.3 48.8 165.4 38

39 Proprietors’ net investment -11.1 -13.5 -6.9 -14.7 -28.5 -42.5 10.3 -55.3 -52.1 -59.0 39

40 Discrepancy 49.9 24.9 17.8 30.3 49.6 39.2 7.1 68.5 19.3 2.9 40

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 1975-1984, March 11, 2010 11

F.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Profits before tax (book) 110.0 137.8 159.1 182.8 196.3 183.7 184.9 140.1 163.6 197.7 1

 2 - Taxes on corporate income 41.6 53.3 60.3 67.3 70.3 67.9 65.7 48.7 61.6 75.7 2

 3 - Net dividends 24.4 27.6 30.6 35.7 37.4 44.5 52.2 53.8 63.0 66.9 3

 4 + Capital consumption allowance (1) 86.4 93.4 106.9 120.6 137.6 158.0 197.2 228.7 252.6 283.0 4

 5 = U.S. internal funds, book 130.4 150.3 175.0 200.4 226.2 229.4 264.2 266.3 291.6 338.1 5

 6 + Foreign earnings retained abroad 7.6 7.2 7.6 11.1 17.6 17.7 13.5 15.2 21.4 22.5 6

 7 + Inventory valuation adjustment (IVA) -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 7

 8 - Net capital transfers paid (2) -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.2 -0.2 -0.0 -0.0 8

 9 = Total internal funds + IVA 127.7 143.5 167.1 187.9 204.0 205.3 253.2 274.2 305.5 356.6 9

10 Gross investment 77.8 118.6 149.3 157.6 154.3 166.1 246.1 205.7 286.3 353.7 10

11 Capital expenditures 111.4 154.0 181.1 223.8 252.1 260.8 317.8 277.9 300.3 395.1 11

12 Fixed investment (3) 122.2 136.4 164.4 201.7 237.4 258.9 294.3 296.2 288.8 337.3 12

13 Inventory change + IVA -9.1 17.1 16.9 23.2 13.7 -0.2 20.0 -19.6 9.1 56.7 13

14 Nonproduced nonfinancial assets -1.6 0.6 -0.2 -1.1 1.0 2.1 3.4 1.4 2.5 1.1 14

15 Net financial investment -33.6 -35.4 -31.7 -66.2 -97.8 -94.7 -71.6 -72.2 -14.1 -41.4 15

16 Net acquisition of financial assets 26.4 67.0 114.3 130.8 159.3 127.1 210.7 88.0 141.8 277.5 16

17 Foreign deposits 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 17

18 Checkable deposits and currency 10.5 4.7 3.8 6.3 6.1 -0.4 -21.0 10.3 21.6 13.1 18

19 Time and savings deposits 3.7 4.7 6.7 2.7 2.2 4.6 9.9 8.6 6.4 -0.9 19

20 Money market fund shares 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 20

21 Security RPs 0.2 0.3 0.7 0.4 0.6 0.8 -2.1 0.7 0.8 0.7 21

22 Credit market instruments 10.5 11.4 -2.1 3.1 2.4 14.8 18.3 4.0 26.7 23.6 22

23 Commercial paper 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 23

24 Treasury securities 7.4 7.3 -5.0 -1.5 -1.6 0.2 5.0 2.4 9.1 6.3 24

25 Agency- and GSE-backed securities -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 25

26 Municipal securities -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 26

27 Mortgages -0.1 0.7 3.2 2.0 3.3 8.6 8.5 2.3 1.8 11.4 27

28 Consumer credit 0.9 2.3 0.9 2.1 1.8 1.1 0.9 0.5 4.6 3.0 28

29 Mutual fund shares -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 29

30 Trade receivables 17.2 31.0 44.0 60.9 72.4 49.7 44.8 -5.0 57.4 67.6 30

31 Miscellaneous assets -16.0 14.2 59.0 54.5 71.1 53.8 146.4 69.9 31.3 166.7 31

32 U.S. direct investment abroad (4) 12.8 10.1 9.6 13.7 24.4 20.0 11.9 16.0 15.0 17.6 32

33 Insurance receivables 2.2 3.4 4.4 5.6 5.5 4.7 3.7 2.7 3.5 5.1 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. 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 35

36 Other -33.1 -0.3 44.1 33.9 40.1 28.1 129.7 50.1 11.7 142.8 36

37 Net increase in liabilities 60.1 102.4 146.0 196.9 257.1 221.9 282.3 160.2 155.9 318.9 37

38 Net funds raised in markets 27.9 53.9 76.0 78.6 75.3 80.6 109.9 107.3 110.1 125.9 38

39 Net new equity issues 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 39

40 Credit market instruments 18.0 43.4 73.2 78.7 83.1 70.2 123.4 105.4 90.1 204.9 40

41 Commercial paper -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 41

42 Municipal securities (5) 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 42

43 Corporate bonds (4) 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 43

44 Bank loans n.e.c. -15.9 -0.4 15.0 20.4 30.1 28.6 32.4 69.3 19.4 50.2 44

45 Other loans and advances (6) 4.0 10.9 13.5 14.8 16.8 10.0 26.6 6.8 26.1 50.7 45

46 Mortgages 3.0 6.2 13.5 12.0 -0.0 -10.9 11.4 -10.4 10.0 13.7 46

47 Trade payables 9.6 18.8 31.9 40.8 55.6 29.1 26.9 10.7 7.8 34.7 47

48 Taxes payable -2.2 5.5 1.3 4.9 6.9 2.9 -4.0 -4.3 3.1 3.5 48

49 Miscellaneous liabilities 24.8 24.2 36.9 72.6 119.3 109.2 149.5 46.5 34.9 154.8 49

50 Foreign direct investment in U.S. 2.2 3.5 3.2 7.0 9.1 13.2 20.6 8.3 7.9 18.4 50

51 Pension fund contributions payable 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 51

52 Other 21.6 20.1 33.4 64.8 109.3 94.7 128.5 36.2 24.9 135.5 52

53 Discrepancy 49.9 24.9 17.8 30.3 49.6 39.2 7.1 68.5 19.3 2.9 53

 Memo:

54 Financing gap (7) -8.4 17.8 21.7 47.1 66.0 73.6 78.2 19.2 16.2 61.0 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, 1975-1984, March 11, 2010

F.103 Nonfarm Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net income with IVA and CCAdj 106.1 123.6 139.6 157.8 170.6 176.3 182.8 186.1 211.0 241.0 1

 2 Gross saving = capital consumption 22.8 24.4 26.8 30.4 35.0 40.1 45.9 51.1 53.3 56.6 2

 3 Gross saving less net capital transfers paid (1) 22.8 24.4 26.8 30.4 35.0 40.1 45.9 51.1 53.3 56.6 3

 4 Gross investment 22.8 24.4 26.8 30.4 35.0 40.1 45.9 51.1 53.3 56.6 4

 5 Capital expenditures 28.4 33.8 42.3 55.9 70.6 69.6 85.8 78.7 83.8 104.7 5

 6 Fixed investment (2) 28.9 32.9 41.4 54.7 69.9 69.6 84.7 79.7 83.3 101.7 6

 7 Change in inventories -0.5 0.9 0.9 1.2 0.7 -0.0 1.1 -1.0 0.5 3.0 7

 8 Net financial investment -5.6 -9.4 -15.5 -25.5 -35.6 -29.5 -39.9 -27.6 -30.5 -48.1 8

 9 Net acquisition of financial assets 1.8 8.9 15.6 19.9 19.3 11.9 31.1 10.0 27.6 26.2 9

10 Checkable deposits and currency 0.5 2.0 2.6 3.2 2.8 2.8 2.1 3.5 8.2 4.8 10

11 Time and savings deposits 0.3 1.4 2.6 3.4 5.7 3.0 1.5 2.4 3.6 3.4 11

12 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Treasury securities 0.0 0.2 0.9 0.8 -0.4 -0.2 0.7 -0.1 2.8 -0.5 13

14 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Mortgages -0.1 0.9 1.4 2.6 2.9 1.2 8.1 4.6 4.3 10.0 15

16 Consumer credit -0.4 -0.2 -0.5 -0.5 -0.6 -0.7 -0.1 -0.0 0.0 0.0 16

17 Trade receivables 1.3 1.3 4.1 6.0 4.1 2.3 4.5 8.0 7.4 6.9 17

18 Miscellaneous assets 0.2 3.3 4.4 4.4 4.7 3.6 14.2 -8.5 1.3 1.7 18

19 Insurance receivables 1.2 2.1 2.5 2.9 2.9 2.5 2.1 2.0 -4.6 11.0 19

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

21 Other -1.1 1.2 1.9 1.4 1.7 1.0 12.1 -10.5 5.9 -9.4 21

22 Net increase in liabilities 7.4 18.3 31.1 45.4 54.9 41.4 71.0 37.6 58.1 74.3 22

23 Credit market instruments 12.4 20.5 30.1 43.5 52.7 49.0 50.4 52.7 70.8 118.5 23

24 Bank loans n.e.c. 1.7 2.7 6.0 13.3 13.2 2.5 10.2 -9.5 -0.5 16.8 24

25 Other loans and advances 2.3 3.8 3.9 6.0 6.7 6.2 6.9 4.8 7.8 8.2 25

26 Mortgages 8.4 14.0 20.1 24.3 32.9 40.3 33.3 57.5 63.4 93.4 26

27 Trade payables 0.4 1.7 1.6 1.7 6.2 4.7 5.1 3.8 0.5 5.7 27

28 Taxes payable 1.1 1.2 1.1 1.1 2.8 2.5 -1.6 1.5 1.8 1.1 28

29 Miscellaneous liabilities 3.0 1.3 -0.1 3.4 7.4 8.0 0.2 29.8 13.9 10.6 29

30 Proprietors’ net investment -9.4 -6.3 -1.6 -4.3 -14.2 -22.8 16.7 -50.2 -28.9 -61.6 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 22.0 17.2 16.0 19.9 22.1 11.7 19.0 13.3 6.2 20.9 1

 2 Net saving (corporate) 0.6 0.5 0.3 0.8 0.5 -0.0 -0.3 -0.2 -0.3 -0.2 2

 3 Consumption of fixed capital 8.9 10.0 11.2 12.5 14.2 16.3 18.0 19.0 18.9 18.6 3

 4 Corporate 0.6 0.7 0.8 0.9 1.1 1.3 1.5 1.6 1.6 1.6 4

 5 Noncorporate 8.3 9.3 10.3 11.5 13.1 15.0 16.5 17.5 17.4 17.1 5

 6 Gross saving 9.6 10.5 11.4 13.2 14.8 16.3 17.7 18.9 18.7 18.4 6

 7 Gross investment 9.6 10.5 11.4 13.2 14.8 16.3 17.7 18.9 18.7 18.4 7

 8 Capital expenditures 16.7 13.3 20.2 19.1 24.1 11.6 26.6 19.4 -2.6 19.4 8

 9 Fixed investment (2) 13.3 14.1 15.7 17.7 20.6 17.7 17.9 13.6 12.8 13.6 9

10 Change in inventories 3.4 -0.8 4.5 1.4 3.6 -6.1 8.8 5.8 -15.4 5.7 10

11 Net financial investment -7.1 -2.8 -8.8 -5.8 -9.3 4.7 -9.0 -0.5 21.2 -0.9 11

12 Net acquisition of financial assets 1.0 1.5 1.8 2.1 2.1 1.9 1.9 1.9 1.4 0.3 12

13 Checkable deposits and currency 0.1 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.2 13

14 Miscellaneous assets 0.9 1.5 1.7 2.0 1.9 1.9 1.7 1.7 1.1 0.1 14

15 Insurance receivables 0.7 1.3 1.5 1.7 1.5 1.3 1.1 1.3 1.0 0.0 15

16 Equity investment in GSEs (3) 0.2 0.2 0.2 0.3 0.4 0.6 0.6 0.4 0.1 0.1 16

17 Net increase in liabilities 8.1 4.3 10.6 7.9 11.4 -2.8 10.9 2.4 -19.8 1.2 17

18 Credit market instruments 8.8 10.0 13.8 16.3 23.5 15.8 16.3 6.7 3.9 -0.4 18

19 Bank loans n.e.c. 2.0 3.0 2.5 2.5 2.8 0.5 1.4 3.2 2.8 1.0 19

20 Other loans and advances 1.9 1.5 2.7 5.0 6.7 4.5 5.2 -0.6 -1.3 -0.1 20

21 Mortgages 4.9 5.5 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.2 21

22 Trade payables 1.0 1.4 2.2 2.0 2.3 1.1 1.0 0.7 -0.6 -0.9 22

23 Proprietors’ net investment -1.7 -7.2 -5.4 -10.4 -14.4 -19.6 -6.4 -5.0 -23.2 2.6 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, 1975-1984, March 11, 2010 13

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 209.6 233.7 259.9 287.6 308.4 338.2 370.2 391.4 428.6 480.2 1

 2 Personal current taxes 26.9 31.1 35.4 40.5 44.0 48.9 54.6 59.1 66.1 76.0 2

 3 Taxes on production and imports 113.2 125.0 136.9 145.6 154.4 166.7 185.7 200.0 218.9 242.5 3

 4 Taxes on corporate income 7.3 9.6 11.4 12.1 13.6 14.5 15.4 14.0 15.9 18.8 4

 5 Contributions for govt. social insurance 1.8 2.2 2.8 3.4 3.9 3.6 3.9 4.0 4.1 4.7 5

 6 Income receipts on assets 11.2 10.4 11.7 14.7 20.1 26.3 32.0 36.7 41.4 47.7 6

 7 Current transfer receipts 48.7 55.0 61.4 71.1 72.7 79.5 81.0 79.1 82.4 89.0 7

 8 Current surplus of government enterprises 0.4 0.4 0.3 0.3 -0.3 -1.2 -2.4 -1.6 -0.2 1.5 8

 9 Current expenditures, NIPA basis 207.1 226.3 246.8 268.9 295.4 329.4 362.7 393.6 423.7 456.2 9

10 Consumption expenditures 165.1 179.5 195.9 213.2 233.3 258.4 282.3 304.9 324.1 347.7 10

11 Govt. social benefit payments to persons 30.8 34.1 37.0 40.8 44.3 51.2 57.1 61.2 66.9 71.2 11

12 Interest payments 11.1 12.5 13.7 14.9 17.2 19.4 22.8 27.1 32.3 37.0 12

13 Subsidies 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.5 0.4 0.4 13

14 - Wage accruals less disbursements 0.0 0.0 0.0 0.2 -0.1 -0.0 0.0 0.0 0.0 0.0 14

15 Net state and local govt. saving, NIPA basis 2.5 7.4 13.1 18.7 13.0 8.8 7.6 -2.2 4.9 23.9 15

16 + Consumption of fixed capital 20.2 21.3 22.6 24.5 27.5 31.8 36.3 39.5 40.9 42.3 16

17 - Net capital transfers paid (2) -11.0 -12.0 -13.1 -13.7 -16.2 -18.6 -17.8 -16.9 -18.0 -20.1 17

18 = Gross saving less net capital transfers paid 33.7 40.6 48.8 56.9 56.7 59.2 61.6 54.3 63.7 86.3 18

19 Gross investment 39.0 46.0 60.4 60.0 68.2 64.3 63.1 50.6 60.6 85.0 19

20 Fixed investment 43.6 43.8 42.8 49.5 56.8 64.0 65.0 64.8 66.4 75.0 20

21 Nonproduced nonfinancial assets 1.9 1.7 1.6 1.6 1.7 1.8 2.0 2.0 2.2 2.6 21

22 Net financial investment -6.6 0.4 16.1 8.9 9.7 -1.5 -3.8 -16.2 -8.1 7.5 22

23 Net acq. of financial assets 8.3 22.9 40.1 53.0 41.6 26.6 30.1 32.1 46.3 67.8 23

24 Checkable deposits and currency 0.5 -1.0 1.1 -0.0 -0.4 -0.6 -1.5 -1.6 -0.7 5.0 24

25 Time and savings deposits -1.6 2.1 6.7 7.1 -2.1 -2.0 2.2 3.8 -6.3 0.2 25

26 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Security RPs -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 27

28 Credit market instruments 7.4 18.2 28.6 36.9 27.7 18.2 32.2 24.5 32.3 36.6 28

29 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Treasury securities 1.3 12.5 21.1 22.3 1.8 7.9 15.0 18.0 23.0 16.8 30

31 Agency- and GSE-backed securities 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 31

32 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 33

34 Mortgages 1.6 1.3 0.6 2.5 6.5 9.8 7.7 5.2 7.9 10.2 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 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Trade receivables 1.4 1.7 2.3 3.3 3.9 2.8 2.3 1.3 1.5 3.1 37

38 Taxes receivable 1.6 1.4 1.7 1.4 2.8 3.0 -1.9 1.5 2.7 1.0 38

39 Miscellaneous assets -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 39

40 Net increase in liabilities 14.9 22.4 24.0 44.1 31.9 28.1 33.9 48.3 54.4 60.3 40

41 Credit market instruments 11.1 18.5 19.9 39.4 26.6 22.2 27.6 41.7 47.3 52.5 41

42 Municipal securities 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 42

43 Short-term -0.3 -4.1 -2.9 0.6 1.0 1.7 1.1 6.7 -1.5 -3.7 43

44 Other 11.2 20.5 22.6 40.4 25.4 19.6 25.2 34.0 47.7 48.4 44

45 U.S. government loans 0.2 2.0 0.2 -1.6 0.2 0.9 1.2 1.0 1.1 7.7 45

46 Trade payables 3.8 4.0 4.2 4.7 5.2 5.8 6.3 6.6 7.0 7.8 46

47 Discrepancy -5.3 -5.4 -11.6 -3.1 -11.5 -5.1 -1.5 3.6 3.2 1.3 47

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

(2) Table F.9, line 61.
14 FFA, 1975-1984, March 11, 2010

F.106 Federal Government

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 277.6 323.0 364.0 424.0 486.9 532.8 619.9 617.4 643.3 710.0 1

 2 Personal current taxes 120.7 141.2 162.2 188.9 224.6 250.0 290.6 295.0 286.2 301.4 2

 3 Taxes on production and imports 22.1 21.4 22.7 25.3 25.7 33.7 49.9 41.0 44.4 47.3 3

 4 Taxes on corporate income 43.6 54.6 61.6 71.4 74.4 70.3 65.7 49.0 61.3 75.2 4

 5 Taxes from the rest of the world 0.5 0.7 0.7 1.0 1.1 1.6 1.5 1.4 1.2 1.3 5

 6 Contributions for govt. social insurance 88.1 99.8 111.1 128.7 149.8 163.6 193.0 206.0 223.1 254.1 6

 7 Income receipts on assets 4.9 5.9 6.7 8.5 10.7 13.7 18.3 22.2 23.8 26.6 7

 8 Current transfer receipts 1.5 1.6 2.0 2.7 3.1 3.9 4.1 5.7 6.1 7.4 8

 9 Current surplus of government enterprises -3.6 -2.2 -3.0 -2.5 -2.6 -3.9 -3.2 -2.9 -3.0 -3.4 9

10 Current expenditures, NIPA basis 348.3 376.7 410.1 452.9 500.9 589.5 676.7 752.6 819.5 881.5 10

11 Consumption expenditures 129.5 137.1 150.7 163.3 178.9 207.4 238.3 263.3 286.4 309.9 11

12 Government social benefits 134.3 145.6 154.7 165.2 185.8 223.2 254.4 285.4 306.7 312.9 12

13 Other current transfer payments 51.3 55.3 60.8 70.5 72.2 79.7 79.1 77.6 80.5 87.9 13

14 Interest payments 28.9 33.8 37.1 45.3 55.7 69.7 93.9 111.8 124.6 150.3 14

15 Subsidies 4.3 4.9 6.9 8.7 8.2 9.4 11.1 14.6 20.9 20.7 15

16 - Wage accruals less disbursements 0.1 0.1 0.1 0.1 -0.0 0.0 0.1 -0.0 -0.4 0.2 16

17 Net federal government saving, NIPA basis -70.6 -53.7 -46.1 -28.9 -14.0 -56.6 -56.8 -135.3 -176.2 -171.5 17

18 + Consumption of fixed capital 19.7 21.4 23.0 25.0 27.0 30.0 33.8 37.6 40.7 44.5 18

19 - Insurance and pension reserves (1) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.6 0.6 0.8 0.9 0.9 1.0 1.2 1.2 1.3 1.3 20

21 - Net capital transfers paid (2) 4.8 5.0 4.0 6.8 9.0 10.2 8.8 7.2 9.8 11.8 21

22 = Gross saving less net capital transfers paid -58.1 -38.5 -28.1 -12.4 2.5 -37.8 -32.5 -106.0 -147.7 -143.6 22

23 Gross investment -56.5 -39.3 -33.9 -13.2 3.4 -32.0 -43.2 -114.8 -143.0 -138.4 23

24 Fixed investment 19.5 22.6 24.7 27.6 31.6 36.3 41.9 47.5 56.4 64.4 24

25 Nonproduced nonfinancial assets -0.4 -2.4 -1.4 -0.6 -2.8 -4.0 -5.5 -3.6 -4.9 -3.9 25

26 Net financial investment -75.6 -59.5 -57.2 -40.2 -25.4 -64.3 -79.7 -158.6 -194.5 -198.8 26

27 Net acq. of financial assets 16.9 22.1 9.0 24.7 22.5 25.4 20.4 22.2 13.7 30.5 27

28 Gold, SDRs, and official foreign exchange 0.7 2.4 0.3 -3.1 1.4 5.0 4.6 4.4 2.9 2.6 28

29 Checkable deposits and currency 2.7 3.9 -0.4 4.5 -0.8 -2.5 0.4 6.4 -8.3 5.3 29

30 Time and savings deposits 0.1 0.2 0.1 0.1 0.1 -0.2 -0.1 0.5 -0.5 0.5 30

31 Credit market instruments 13.4 8.0 10.0 17.1 19.0 23.7 24.0 15.9 9.7 17.1 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 6.9 7.5 5.8 12.8 12.4 16.2 19.1 13.6 8.4 16.6 34

35 Mortgages 6.5 0.4 4.2 4.2 6.6 7.5 4.9 2.4 1.2 0.5 35

36 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

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

38 Trade receivables 1.2 0.5 -0.8 2.7 2.4 3.8 2.5 4.8 3.8 5.1 38

39 Taxes receivable -1.9 6.3 -1.0 2.7 -0.4 -4.8 -12.0 -11.5 5.4 -1.5 39

40 Miscellaneous assets 0.7 1.0 0.7 0.8 0.8 0.5 0.9 1.6 0.7 1.5 40

41 Net increase in liabilities 92.5 81.6 66.1 64.8 48.0 89.7 100.0 180.8 208.2 229.3 41

42 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 42

43 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 43

44 Credit market instruments 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 44

45 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 45

46 Other Treasury securities 82.1 64.6 52.5 50.0 38.0 85.3 90.3 162.0 182.2 194.3 46

47 Budget agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 47

48 Multifamily residential mortgages -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 48

49 Trade payables 0.7 5.1 3.2 4.4 3.4 3.4 1.6 4.8 5.0 7.1 49

50 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 50

51 Miscellaneous liabilities (5) 3.0 5.5 5.7 6.8 6.7 7.0 11.0 12.2 16.6 23.4 51

52 Nonmarketable securities held by pension plans 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 52

53 Other -0.7 0.9 -0.9 -0.3 -1.3 -1.9 1.0 0.2 2.0 4.9 53

54 Discrepancy -1.6 0.8 5.7 0.8 -0.9 -5.8 10.7 8.7 -4.7 -5.3 54

 Memo:

55 Change in cash balance (6) 2.9 3.2 1.1 3.8 0.6 -3.8 -0.0 7.3 -7.1 6.3 55

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

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

(3) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 30) plus checkable deposit and currency liabilities of the monetary authority and commercial banking sectors (table F.204, lines 3 and 8).
FFA, 1975-1984, March 11, 2010 15

F.107 Rest of the World

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Foreign income from U.S. 146.9 174.8 207.5 245.8 299.6 351.4 393.9 387.5 413.9 514.3 1

 2 U.S. imports 122.7 151.1 182.4 212.3 252.7 293.8 317.8 303.2 328.6 405.1 2

 3 U.S. income payments to rest of world 15.0 15.5 16.9 24.7 36.4 44.9 59.1 64.5 64.8 85.6 3

 4 Current taxes and trans. payments to rest of world 9.1 8.1 8.1 8.8 10.6 12.6 17.0 19.8 20.5 23.6 4

 5 Foreign outlays to U.S. 166.7 181.9 196.5 233.1 298.5 359.9 397.3 384.2 378.9 424.2 5

 6 U.S. exports 138.7 149.5 159.3 186.9 230.1 280.8 305.2 283.2 277.0 302.4 6

 7 U.S. income receipts from rest of world 28.0 32.4 37.2 46.3 68.3 79.1 92.0 101.0 101.9 121.9 7

 8 - Net capital transfers paid (1) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 8

 9 Gross saving less net capital transfers paid (2) -19.8 -7.0 11.0 12.7 1.3 -8.4 -3.2 3.4 35.2 90.2 9

10 Gross investment -22.8 -13.4 18.1 5.2 -25.3 -24.8 -28.3 -32.4 21.4 76.1 10

11 Nonproduced nonfinancial assets 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 11

12 Net financial investment -22.8 -13.4 18.0 5.1 -25.4 -24.9 -28.5 -32.6 21.2 75.9 12

13 Net acquisition of financial assets 6.2 27.1 42.4 62.8 32.8 30.6 10.2 37.7 58.9 101.0 13

14 Gold and SDRs (3) -0.1 -0.1 -0.2 1.2 -1.2 -0.0 -1.7 -1.4 -0.1 -1.0 14

15 Net interbank assets -9.9 -6.0 -0.9 6.4 21.1 -26.6 -33.9 -3.5 12.2 2.8 15

16 U.S. checkable deposits and currency 0.9 4.5 3.9 2.0 5.9 2.8 -2.2 -1.2 5.7 4.5 16

17 U.S. time deposits 1.5 -1.9 -0.4 2.5 1.2 1.0 2.3 10.4 1.0 4.7 17

18 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Security RPs -0.1 -0.1 -0.1 2.1 1.7 0.3 0.0 1.6 0.7 0.1 19

20 Credit market instruments 8.5 14.3 38.2 29.7 -11.0 26.6 30.0 30.9 28.5 68.6 20

21 Open market paper 0.5 0.3 0.4 0.5 1.9 0.9 -1.3 -1.7 0.8 1.2 21

22 Treasury securities 7.2 12.1 30.8 25.7 -18.4 12.4 7.9 12.8 15.7 27.7 22

23 Official 4.7 9.3 30.2 23.6 -22.4 9.7 5.0 5.8 7.0 4.7 23

24 Private 2.6 2.8 0.5 2.2 4.1 2.6 2.9 7.0 8.7 23.0 24

25 Agency- and GSE-backed securities -0.1 0.6 2.7 1.3 0.5 2.5 1.6 -0.4 -0.0 1.2 25

26 Official 0.9 0.6 2.3 0.7 0.5 2.2 1.3 -0.7 -0.5 0.0 26

27 Private -1.0 -0.0 0.4 0.6 0.1 0.4 0.3 0.3 0.5 1.2 27

28 Municipal securities 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 28

29 U.S. corporate bonds (4) 0.8 1.2 4.1 1.8 2.7 9.0 10.7 15.2 6.2 15.6 29

30 Loans to U.S. corporate business 0.1 0.2 0.2 0.3 2.0 1.6 10.9 4.7 5.7 22.8 30

31 U.S. corporate equities 3.1 0.9 1.3 1.3 1.0 4.2 4.8 3.7 5.0 -3.4 31

32 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Trade receivables 1.8 4.0 1.9 4.1 2.4 10.0 -0.9 0.6 -1.1 0.8 33

34 Security credit 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Miscellaneous assets 0.4 11.3 -1.2 13.5 11.7 12.4 11.8 -3.3 7.0 23.8 35

36 Foreign direct investment in U.S. (5) 2.6 4.3 3.7 7.9 11.9 16.9 25.2 12.6 10.4 24.5 36

37 Other -2.2 7.0 -4.9 5.6 -0.2 -4.5 -13.3 -15.9 -3.4 -0.7 37

38 Net increase in liabilities 29.0 40.5 24.4 57.6 58.2 55.6 38.7 70.3 37.7 25.1 38

 U.S. official foreign exchange

39 and net IMF position 0.8 2.5 0.1 0.5 -0.1 8.1 3.4 3.6 1.1 2.2 39

40 U.S. private deposits 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 40

41 Credit market instruments 14.1 20.5 13.5 24.0 15.0 24.2 23.5 16.0 17.3 8.4 41

42 Commercial paper 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 42

43 Bonds 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 43

44 Bank loans n.e.c. 3.9 6.8 3.1 18.3 3.1 11.8 3.0 -5.5 3.6 -6.6 44

45 Official 0.3 0.9 0.1 2.1 2.1 4.5 0.8 -0.0 3.0 -0.9 45

46 Banks 1.1 4.2 2.7 9.5 -4.1 4.7 -4.5 0.7 -0.9 -3.1 46

47 Other 2.5 1.7 0.3 6.6 5.0 2.6 6.7 -6.2 1.5 -2.6 47

48 U.S. government loans 2.8 3.3 3.0 3.9 2.9 4.7 4.2 4.5 4.3 4.0 48

49 Acceptance liabilities to banks -0.1 1.2 1.9 -3.2 3.6 4.1 6.9 8.5 -0.1 1.0 49

50 Foreign corporate equities (6) -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 50

51 Trade payables 0.7 0.3 0.5 0.0 2.2 5.4 -1.1 -5.2 -1.1 -0.6 51

52 Security debt 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Miscellaneous liabilities 13.4 15.2 8.5 31.0 30.2 11.0 2.3 52.5 10.2 15.2 53

54 U.S. equity in IBRD, etc. 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 54

55 Nonofficial foreign currencies 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 55

56 U.S. direct investment abroad (4,5) 14.2 11.9 11.8 15.7 26.8 22.9 15.5 18.2 18.0 20.3 56

57 Other -1.5 2.3 -4.0 14.6 2.6 -12.4 -14.1 32.7 -8.5 -6.5 57

58 Discrepancy (FOF basis) (7) 3.0 6.3 -7.1 7.5 26.5 16.4 25.1 35.8 13.7 14.0 58

 Memo:

59 Net U.S. exports, NIPA basis 16.0 -1.6 -23.1 -25.4 -22.5 -13.1 -12.5 -20.0 -51.6 -102.7 59

60 + Net U.S. income receipts (8) 13.0 16.8 20.3 21.6 31.9 34.2 32.9 36.5 37.1 36.3 60

61 - Current taxes and trans. payments to rest of world 9.1 8.1 8.1 8.8 10.6 12.6 17.0 19.8 20.5 23.6 61

62 = Balance on current account, NIPAs 19.8 7.1 -10.9 -12.6 -1.2 8.5 3.4 -3.3 -35.1 -90.1 62

(1) Table F.9, line 63.

(2) Line 1 minus line 5 minus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 62 with the sign reversed minus line 8.

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

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

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

(6) Includes American Depositary Receipts (ADRs).

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

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
16 FFA, 1975-1984, March 11, 2010

F.108 Monetary Authority (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.2 -0.0 0.2 0.6 0.1 0.1 0.4 0.1 0.4 0.4 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.1 2

 3 Net acquisition of financial assets 11.3 9.7 8.5 13.3 10.9 7.1 8.2 12.4 9.4 14.6 3

 4 Gold and foreign exchange 0.2 0.1 0.0 2.4 -0.3 3.2 0.4 0.5 -1.7 0.5 4

 5 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 5

 6 Treasury currency 1.0 0.6 0.5 0.5 1.3 0.7 0.7 0.6 0.7 0.7 6

 7 Federal Reserve float 1.7 -1.1 1.2 2.7 0.3 -2.3 -2.7 1.0 -1.2 -0.7 7

 8 Federal Reserve loans to domestic banks -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 8

 9 Discount window (2) -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 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 0.3 3.1 -1.5 -1.5 0.6 1.0 0.4 2.1 -3.8 0.0 11

12 Credit market instruments 8.2 6.7 8.7 8.5 7.1 3.5 8.8 7.7 14.7 8.4 12

13 Open market paper 0.2 -0.5 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 6.7 6.6 7.7 8.6 6.8 3.0 8.4 7.9 15.0 8.7 14

15 Agency- and GSE-backed securities 1.4 0.7 1.2 -0.1 0.3 0.5 0.4 -0.2 -0.3 -0.3 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 -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 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 -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 28

29 Net increase in liabilities 11.3 9.7 8.5 13.2 10.8 7.0 8.1 12.3 9.3 14.4 29

30 Depository institution reserves 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 0.4 30

31 Vault cash of commercial banks 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 31

32 Checkable deposits and currency 10.7 10.6 4.8 6.3 8.2 9.0 10.9 10.2 13.0 10.3 32

33 Due to federal government 4.5 3.1 -3.3 -3.1 0.1 -1.1 1.2 0.7 -1.3 1.7 33

34 Treasury cash holdings 0.3 -0.0 -0.1 -0.2 0.3 -0.1 0.0 -0.0 0.0 0.1 34

35 Treasury general deposit account 4.2 3.1 -3.3 -2.9 -0.1 -1.0 1.2 0.7 -1.4 1.7 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 -0.0 0.2 -0.0 0.1 0.1 -0.2 0.1 -0.2 0.0 -0.0 37

38 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Currency outside banks 6.3 7.4 8.2 9.3 8.0 10.3 9.5 9.7 14.3 8.6 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 -0.3 0.1 0.2 1.1 1.0 -1.0 0.6 -0.0 -0.1 0.5 41

42 Federal Reserve Bank stock 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 42

43 Other -0.3 0.0 0.1 1.0 1.0 -1.1 0.6 -0.1 -0.2 0.4 43

44 Discrepancy 0.1 -0.2 0.0 0.5 -0.0 -0.1 0.1 -0.2 0.1 0.1 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, 1975-1984, March 11, 2010 17

F.109 Commercial Banking (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving less net capital transfers paid 8.2 9.2 8.2 9.9 11.5 11.2 14.2 15.2 19.0 20.4 1

 2 Fixed nonresidential investment 7.2 7.9 8.7 11.3 14.1 17.7 21.3 23.5 22.7 26.2 2

 3 Net acquisition of financial assets 43.5 75.0 106.8 153.1 139.4 122.0 134.6 173.2 157.2 207.5 3

 4 Vault cash 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 4

 5 Reserves at Federal Reserve 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 -1.3 5

 6 Checkable deposits and currency 0.1 -0.2 0.5 0.3 0.9 0.4 0.1 0.5 0.2 0.5 6

 7 Total bank credit 32.0 69.1 90.6 126.0 122.9 101.5 103.4 117.4 138.9 175.9 7

 8 Open market paper 3.4 3.2 0.2 -1.2 2.1 1.7 0.7 0.3 0.5 -1.8 8

 9 Treasury securities 29.9 18.8 -1.8 -6.6 0.5 15.9 2.2 20.3 45.5 2.0 9

10 Agency- and GSE-backed securities 1.7 1.6 1.1 6.7 7.9 9.7 9.8 7.0 1.1 -1.1 10

11 Municipal securities 1.8 3.0 9.2 9.6 9.5 13.2 5.2 4.5 3.7 12.5 11

12 Corporate and foreign bonds 2.9 -0.3 0.9 -1.2 1.1 1.1 -0.1 0.7 5.2 5.6 12

13 Bank loans n.e.c. -15.5 9.0 29.2 60.2 52.7 47.1 54.7 61.8 28.4 61.2 13

14 Mortgages 3.8 15.1 27.4 35.1 30.6 17.5 21.6 16.0 29.2 46.5 14

15 Consumer credit 3.1 12.0 22.3 26.2 19.2 -5.5 4.0 6.7 22.7 45.2 15

16 Security credit 0.9 6.6 2.2 -2.9 -0.9 0.8 5.3 0.0 2.4 5.8 16

17 Corporate equities 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 0.0 0.0 -0.1 17

18 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Customers’ liab. on acceptances (2) 0.2 3.8 3.1 -0.7 7.5 7.3 11.3 7.7 6.9 3.8 19

20 Miscellaneous assets 10.4 3.3 9.1 21.7 6.6 13.9 23.2 45.4 14.8 25.3 20

21 Net increase in liabilities 49.8 79.1 110.2 151.0 133.6 118.2 138.7 175.5 165.9 214.1 21

22 Net interbank liabilities -12.0 -8.1 -4.9 10.2 19.9 -32.0 -39.8 -4.3 1.2 9.5 22

23 To monetary authority 1.6 -1.3 1.4 3.6 0.5 -1.9 -2.9 0.1 -1.0 2.0 23

24 To domestic banks (3) -3.8 -0.9 -5.4 0.2 -1.7 -3.5 -3.0 -0.9 -10.0 4.8 24

25 To foreign banks -9.9 -6.0 -0.9 6.4 21.1 -26.6 -33.9 -3.5 12.2 2.8 25

26 Checkable deposits 8.3 13.6 24.3 25.4 27.4 5.2 8.7 19.3 15.0 28.7 26

27 Federal government -1.7 -0.1 4.3 6.8 0.4 -2.6 -1.1 6.1 -5.3 4.0 27

28 Rest of the world -0.3 3.0 2.4 -0.3 4.1 0.3 -3.9 -3.4 1.6 2.1 28

29 Private domestic 10.3 10.7 17.6 19.0 22.9 7.5 13.8 16.6 18.8 22.6 29

30 Small time and savings deposits 40.3 54.6 28.8 14.7 30.5 46.0 42.1 98.3 130.1 74.9 30

31 Large time deposits -10.2 -15.2 26.3 48.6 13.9 46.8 51.9 12.2 -46.6 37.8 31

32 Federal funds and security RPs (net) 1.5 13.9 10.6 22.5 17.0 20.5 14.9 8.1 15.5 1.7 32

33 Credit market instruments 4.7 6.6 7.5 7.0 13.2 15.0 22.4 18.8 20.2 23.8 33

34 Open market paper 0.6 3.0 4.4 6.0 13.4 13.7 18.7 12.5 8.7 9.8 34

35 Corporate bonds 4.1 3.5 3.1 1.0 -0.2 1.3 3.7 6.3 9.7 13.5 35

36 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 0.5 36

37 Corporate equity issues 1.0 1.6 0.6 1.1 1.3 0.4 0.5 0.6 0.8 1.1 37

38 Taxes payable (net) -0.3 0.0 0.2 0.1 0.5 -0.5 -0.4 -0.1 -0.1 0.0 38

39 Miscellaneous liabilities 16.5 12.1 16.8 21.2 10.0 17.0 38.3 22.6 29.8 36.4 39

40 Discrepancy 7.3 5.3 2.9 -3.6 -8.5 -10.3 -3.1 -5.9 5.0 0.8 40

 Memo:

41 Credit market funds advanced (4) 31.3 66.3 91.4 128.1 131.3 108.0 109.4 125.1 143.3 174.0 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, 1975-1984, March 11, 2010

F.110 U.S.-Chartered Commercial Banks

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving less net capital transfers paid (1) 6.2 6.9 5.7 3.7 4.4 2.9 4.5 3.7 5.5 6.0 1

 2 Fixed nonresidential investment 3.5 3.9 4.3 5.8 6.8 8.2 9.7 10.5 10.1 11.2 2

 3 Net acquisition of financial assets 29.4 60.6 91.3 121.5 111.5 92.8 99.0 111.3 131.3 164.6 3

 4 Vault cash and reserves at Federal Reserve 0.8 -1.0 3.5 5.3 1.6 -1.2 -4.0 1.8 -2.9 1.7 4

 5 Total bank credit 30.5 61.0 83.5 106.4 105.7 82.9 91.4 104.2 133.9 166.2 5

 6 Open market paper 3.4 2.8 0.1 -2.2 1.5 0.9 -0.3 1.0 0.9 -0.9 6

 7 Treasury securities 29.6 18.1 -2.2 -6.7 -0.2 15.3 1.8 19.4 43.5 2.5 7

 8 Agency- and GSE-backed securities 1.6 1.5 0.9 6.8 7.6 9.7 9.6 7.3 0.7 -1.2 8

 9 Mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -4.2 9

10 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 10

11 Other 1.6 1.5 0.9 6.8 7.6 9.7 9.6 7.3 0.7 3.0 11

12 Municipal securities 1.6 2.6 9.2 9.4 9.7 13.2 5.7 4.6 3.8 12.6 12

13 Corporate and foreign bonds 1.8 -0.6 -0.3 -0.6 -0.3 0.5 -0.0 1.7 3.6 3.2 13

14 Private mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 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 15

16 Other 1.8 -0.6 -0.3 -0.6 -0.3 0.5 -0.0 1.7 3.6 3.2 16

17 Bank loans n.e.c. -15.2 3.3 24.4 41.3 39.3 31.7 46.6 47.9 27.3 54.1 17

18 Mortgages 3.6 15.2 27.3 35.2 29.8 16.1 19.3 15.1 29.4 46.0 18

19 Consumer credit 3.1 12.0 22.3 26.2 19.2 -5.5 4.0 6.7 22.7 45.2 19

20 Security credit 1.0 6.2 1.8 -3.0 -0.8 1.2 4.7 0.5 2.0 4.7 20

21 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Customers’ liab. on acceptances (2) 0.2 3.0 2.5 -0.4 6.0 5.8 8.2 7.0 4.6 -2.8 23

24 Miscellaneous assets -2.0 -2.4 1.8 10.2 -1.8 5.2 3.4 -1.7 -4.3 -0.5 24

25 Net increase in liabilities 35.6 64.3 94.4 122.2 108.6 92.1 107.6 119.1 146.9 178.3 25

26 Net interbank liabilities -6.9 -9.3 -2.6 0.1 6.6 -39.8 -38.0 -27.5 7.6 4.6 26

27 Federal Reserve float 1.7 -1.1 1.2 2.7 0.3 -2.3 -2.7 1.0 -1.2 -0.7 27

28 Borrowing from Federal Reserve banks -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 28

29 To domestic banking -0.1 0.9 -2.3 -5.6 -8.4 -14.2 -12.0 -1.7 0.9 3.8 29

30 To foreign banks -8.4 -8.9 -1.7 2.1 14.5 -23.6 -23.1 -25.9 7.7 -1.2 30

31 Checkable deposits 7.0 11.0 21.5 22.9 25.6 10.7 14.8 20.9 15.6 30.2 31

32 Federal government -1.7 -0.1 4.3 6.8 0.4 -2.6 -1.1 6.1 -5.3 4.0 32

33 Rest of the world -0.5 1.7 1.7 -0.0 3.4 -0.2 -3.0 -2.2 1.4 3.0 33

34 Private domestic 9.2 9.4 15.5 16.2 21.8 13.4 18.9 17.1 19.5 23.2 34

35 Small time and savings deposits 39.8 54.5 28.1 13.2 29.5 44.8 40.0 97.4 130.0 74.5 35

36 Large time deposits -13.3 -15.6 23.8 42.1 10.2 39.3 43.9 2.3 -38.7 33.9 36

37 Federal funds and security RPs (net) 1.5 13.9 10.6 22.5 17.0 20.5 14.9 8.1 12.0 2.0 37

38 Acceptance liabilities 0.2 3.1 2.5 -0.4 7.1 6.2 8.5 9.5 3.0 -3.6 38

39 Corporate bonds 0.2 0.7 0.6 0.2 0.2 0.2 -0.1 0.6 -0.2 3.6 39

40 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 0.5 40

41 Corporate equity issues 1.0 1.6 0.6 1.1 1.3 0.4 0.5 0.6 0.8 1.1 41

42 Taxes payable (net) -0.3 0.0 0.2 0.1 0.5 -0.5 -0.4 -0.1 -0.1 0.0 42

43 Miscellaneous liabilities 6.4 4.5 9.3 20.3 10.7 10.4 23.5 7.4 15.1 31.5 43

44 Investment by bank holding companies 7.0 4.6 6.5 4.8 5.4 6.9 18.7 16.2 15.5 18.9 44

45 Other -0.6 -0.1 2.8 15.5 5.3 3.5 4.8 -8.8 -0.4 12.6 45

46 Discrepancy 8.9 6.7 4.5 -1.4 -5.3 -5.9 3.3 1.0 11.0 8.5 46

 Memo:

47 Credit market funds advanced (3) 29.7 57.8 84.2 109.0 112.5 87.6 95.0 110.7 136.5 158.7 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, 1975-1984, March 11, 2010 19

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 0.1 0.1 0.2 0.3 0.4 0.5 0.5 0.6 0.6 1

 2 Fixed nonresidential investment 0.1 0.1 0.2 0.4 0.6 0.9 1.0 1.0 1.0 1.1 2

 3 Net acquisition of financial assets 1.4 5.1 5.4 21.3 15.8 17.3 14.2 42.2 1.0 13.0 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.6 -0.0 0.2 0.6 0.3 -0.7 0.3 4

 5 Total bank credit 1.1 4.8 5.4 19.8 15.2 18.0 10.0 13.0 1.9 7.3 5

 6 Open market paper -0.0 0.5 0.1 1.0 0.6 0.8 1.0 -0.7 -0.4 -0.9 6

 7 Treasury securities 0.1 0.6 0.0 0.3 0.5 0.6 0.4 0.8 1.6 -0.6 7

 8 Agency- and GSE-backed securities -0.3 -0.0 -0.1 0.2 0.0 -0.0 0.2 -0.0 0.1 -0.1 8

 9 Municipal securities 0.0 0.0 0.0 -0.1 0.1 0.2 -0.1 -0.1 -0.1 -0.1 9

10 Corporate and foreign bonds 0.0 -0.1 0.2 0.1 0.1 0.0 0.3 0.1 0.4 1.8 10

11 Bank loans n.e.c. 1.2 3.5 4.7 18.1 13.2 15.5 5.8 12.2 -0.4 5.7 11

12 Mortgages 0.1 -0.1 -0.0 0.0 0.8 1.3 1.7 1.1 0.2 0.4 12

13 Security credit -0.1 0.4 0.5 0.1 -0.0 -0.4 0.6 -0.5 0.5 1.1 13

14 Corporate equities 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 0.0 0.0 -0.1 14

15 Customers’ liab. on acceptances (2) 0.0 0.8 0.6 -0.3 1.5 1.5 3.0 0.8 2.2 6.6 15

16 Miscellaneous assets 0.3 -0.5 -0.6 1.3 -0.9 -2.3 0.6 28.1 -2.5 -1.2 16

17 Net increase in liabilities 1.6 5.3 5.7 21.8 16.6 18.1 14.5 42.4 1.3 13.3 17

18 Net interbank liabilities -4.1 2.1 -0.9 10.4 10.8 9.8 8.3 27.0 3.8 3.1 18

19 To foreign banks -1.4 3.0 0.9 3.4 5.8 -0.8 -4.6 24.6 7.6 4.6 19

20 To domestic banks -2.7 -0.9 -1.7 7.1 5.0 10.7 13.0 2.3 -3.8 -1.5 20

21 Checkable deposits 0.6 2.4 3.0 2.5 0.8 -5.6 -6.1 -1.7 0.3 -1.0 21

22 Small time and savings deposits 0.4 0.0 0.2 0.7 0.5 0.8 0.9 0.9 -0.9 0.5 22

23 Large time deposits 3.0 0.4 2.0 5.7 3.2 7.1 6.8 9.8 -8.7 3.9 23

24 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 -0.3 24

25 Acceptance liabilities 0.0 0.8 0.6 -0.3 1.8 1.9 3.2 1.6 2.2 7.3 25

26 Miscellaneous liabilities 1.7 -0.4 0.7 2.7 -0.5 4.1 1.4 4.9 1.0 -0.0 26

27 Foreign direct investment in U.S. 0.0 0.1 0.1 0.2 0.6 1.1 1.9 1.5 0.9 1.7 27

28 Due to affiliates 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 28

29 Other 1.7 -0.5 0.6 2.5 -1.1 2.7 0.8 1.5 -2.1 -2.0 29

30 Discrepancy 0.1 0.1 0.2 0.2 0.4 0.4 -0.3 -0.2 -0.1 -0.2 30

 Memo:

31 Credit market funds advanced (3) 1.3 5.0 5.5 19.3 16.8 19.8 12.5 14.2 3.7 12.9 31

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

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

(3) Total bank credit (line 5) less security credit (line 13) less corporate equities (line 14) plus customers’ liability on acceptances (line 15).
20 FFA, 1975-1984, March 11, 2010

F.112 Bank Holding Companies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 1.9 2.2 2.4 6.0 6.8 7.8 9.2 11.0 12.9 13.8 1

 2 Fixed nonresidential investment 3.6 3.8 4.1 5.2 6.7 8.5 10.5 11.9 11.7 13.9 2

 3 Net acquisition of financial assets 11.6 9.0 9.2 8.7 10.0 9.0 17.9 20.0 21.5 30.7 3

 4 Credit market instruments -0.0 2.8 1.3 -0.5 2.0 -0.3 1.4 -2.2 1.5 0.9 4

 5 Treasury securities 0.1 0.0 0.1 -0.1 0.1 0.0 -0.0 -0.1 0.1 0.1 5

 6 Agency- and GSE-backed securities 0.3 0.1 0.3 -0.3 0.4 0.0 -0.0 -0.3 0.4 0.2 6

 7 Corporate and foreign bonds 1.1 0.4 0.9 -0.9 1.2 0.1 -0.0 -0.8 1.3 0.6 7

 8 Bank loans n.e.c. -1.5 2.2 0.0 0.8 0.3 -0.5 1.5 -1.0 -0.3 0.1 8

 9 Miscellaneous assets 11.6 6.2 7.9 9.1 8.0 9.3 16.4 22.2 20.0 29.8 9

10 Investment in bank subsidiaries 7.0 4.6 6.5 4.8 5.4 6.9 18.7 16.2 15.5 18.9 10

11 Investment in nonbank subsidiaries 5.8 3.9 1.6 4.4 3.4 2.8 -8.5 5.6 4.1 9.5 11

12 Other -1.2 -2.4 -0.2 -0.1 -0.8 -0.3 6.2 0.5 0.4 1.4 12

13 Net increase in liabilities 11.6 9.0 9.2 5.5 6.4 5.0 13.2 14.3 14.3 23.3 13

14 Net interbank liabilities -1.0 -0.9 -1.5 -0.3 2.5 -2.1 -10.2 -3.7 -10.2 1.9 14

15 To domestic banks -1.0 -0.8 -1.4 -1.3 1.7 0.1 -4.0 -1.5 -7.1 2.5 15

16 To foreign banks 0.0 -0.1 -0.1 1.0 0.8 -2.1 -6.1 -2.2 -3.1 -0.6 16

17 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Credit market instruments 4.3 2.0 3.8 7.5 4.1 6.7 10.8 7.1 13.3 16.1 18

19 Commercial paper 0.3 -0.8 1.3 6.7 4.5 5.6 7.0 1.4 3.5 6.1 19

20 Corporate bonds 3.9 2.8 2.5 0.8 -0.5 1.1 3.8 5.7 9.9 9.9 20

21 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous liabilities 8.3 7.8 6.9 -1.8 -0.2 0.3 12.5 10.9 11.2 5.3 22

23 Equity, etc. 7.3 4.7 5.1 0.4 1.5 2.3 7.8 9.3 10.1 6.1 23

24 Other 1.0 3.1 1.8 -2.1 -1.7 -2.0 4.7 1.5 1.1 -0.7 24

25 Discrepancy -1.7 -1.6 -1.7 -2.4 -3.5 -4.7 -6.0 -6.6 -5.9 -7.5 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 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 1.1 0.4 0.8 1.6 2.1 3.1 3.5 -0.3 3.5 -0.8 3

 4 Checkable deposits and currency 0.1 -0.2 0.5 0.3 0.9 0.4 0.1 0.5 0.2 0.5 4

 5 Credit market instruments 0.4 0.6 0.3 0.2 -0.0 0.9 0.5 2.4 1.6 1.5 5

 6 Treasury securities 0.1 0.1 0.2 -0.1 0.0 0.1 0.0 0.1 0.2 0.0 6

 7 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 7

 8 Municipal securities 0.1 0.4 -0.1 0.3 -0.2 -0.1 -0.4 0.0 0.0 0.0 8

 9 Corporate and foreign bonds 0.0 0.1 0.1 0.2 0.1 0.4 -0.4 -0.2 -0.1 0.1 9

10 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.4 0.8 2.7 1.8 1.3 10

11 Home mortgages -0.0 0.1 -0.0 0.1 0.1 0.1 0.1 -0.2 0.0 0.1 11

12 Commercial mortgages 0.2 -0.1 0.1 -0.3 0.0 0.0 0.4 0.0 -0.3 -0.0 12

13 Miscellaneous assets 0.6 -0.1 0.0 1.1 1.3 1.8 2.9 -3.2 1.7 -2.8 13

14 Net increase in liabilities 1.1 0.5 0.8 1.6 2.1 3.0 3.4 -0.3 3.4 -0.9 14

15 Checkable deposits 0.7 0.3 -0.2 0.1 1.1 0.1 0.1 0.1 -0.9 -0.5 15

16 Small time and savings deposits 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 16

17 Large time deposits 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 17

18 Miscellaneous liabilities 0.0 0.1 -0.1 -0.0 -0.0 2.1 0.8 -0.5 2.5 -0.4 18

19 Discrepancy 0.0 0.1 -0.1 -0.1 -0.0 -0.1 -0.1 -0.1 -0.1 -0.1 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, 1975-1984, March 11, 2010 21

F.114 Savings Institutions (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 2.1 2.9 4.0 5.0 4.0 -0.5 -8.5 -9.3 -1.7 -1.5 1

 2 Fixed nonresidential investment 1.2 1.3 1.5 2.0 2.4 2.9 3.3 3.4 3.3 3.8 2

 3 Net acquisition of financial assets 53.5 66.8 79.2 74.5 59.7 58.9 36.8 61.3 140.7 168.5 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 4

 5 Checkable deposits and currency 0.5 0.3 -0.1 1.4 -0.0 1.6 2.0 3.1 1.8 -2.0 5

 6 Time and savings deposits 4.5 -1.4 0.1 0.4 -2.2 2.5 -0.7 7.2 1.2 -5.5 6

 7 Federal funds and security RPs -1.1 0.5 2.6 1.2 2.9 0.3 4.5 4.0 1.7 3.8 7

 8 Credit market instruments 45.5 62.3 70.6 65.7 57.3 50.4 25.5 23.2 123.1 140.6 8

 9 Open market paper 0.4 0.8 0.2 0.4 0.7 1.2 1.3 1.8 -1.7 -1.4 9

10 Treasury securities 4.3 3.8 1.5 -2.1 -1.6 1.5 0.1 3.4 15.3 7.8 10

11 Agency- and GSE-backed securities 6.1 3.4 7.1 5.6 5.0 10.3 7.6 31.6 36.2 16.8 11

12 Mortgage pass-through securities 4.5 4.0 4.8 4.9 5.0 8.8 6.9 32.1 34.0 14.7 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 1.6 -0.5 2.3 0.7 0.0 1.4 0.7 -0.6 2.2 2.0 14

15 Municipal securities 1.6 0.6 0.4 0.6 -0.5 -0.5 0.0 -0.3 -0.2 -0.3 15

16 Corporate and foreign bonds 2.3 5.5 -1.1 2.4 -1.9 5.9 -3.3 6.7 11.7 11.4 16

17 Private mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 2.3 5.5 -1.1 2.4 -1.9 5.9 -3.3 6.7 11.7 11.4 19

20 Other loans and advances 0.1 0.4 -0.0 0.2 1.1 0.5 1.2 1.8 6.0 9.0 20

21 Mortgages 29.7 47.1 61.6 57.2 47.6 28.9 17.3 -24.3 50.9 84.7 21

22 Consumer credit 1.0 0.7 0.9 1.3 6.9 2.7 1.3 2.6 4.9 12.7 22

23 Corporate equities 0.2 0.1 0.4 0.1 -0.1 -0.5 -0.6 -0.5 0.3 -0.2 23

24 Miscellaneous assets 4.0 5.1 5.6 5.8 1.8 4.5 6.2 24.4 12.5 30.2 24

25 Net increase in liabilities 53.0 65.1 76.2 71.0 57.3 60.2 44.7 68.5 143.4 172.0 25

26 Deposits 53.9 63.2 62.0 52.8 42.4 49.2 23.2 53.4 116.9 119.3 26

27 Checkable 0.4 0.6 0.6 0.6 0.8 1.1 7.8 6.5 9.2 6.4 27

28 Small time and savings 52.6 61.1 59.1 46.1 26.3 35.6 5.7 35.5 72.3 64.1 28

29 Large time 1.0 1.4 2.3 6.1 15.3 12.6 9.7 11.4 35.3 48.9 29

30 Security RPs -0.0 -0.1 2.0 2.6 1.6 2.1 5.2 -1.8 13.1 16.9 30

31 Credit market instruments -4.2 -2.3 5.9 15.0 10.2 7.5 16.0 1.1 -5.9 20.3 31

32 Corporate bonds 0.1 0.1 1.2 0.7 1.4 0.4 -0.5 0.4 0.1 1.9 32

33 Bank loans n.e.c. -0.3 -0.4 0.4 1.9 -0.4 -0.0 0.3 -0.1 0.3 2.5 33

34 Other loans and advances -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -6.4 15.9 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 0.1 0.2 0.2 0.2 -0.2 0.0 0.0 0.0 0.0 -0.2 36

37 Miscellaneous liabilities 3.2 4.1 6.0 0.4 3.3 1.4 0.2 15.8 19.4 15.7 37

38 Investment by parent 0.9 0.6 1.2 1.2 1.0 0.7 0.4 -0.6 0.0 1.2 38

39 Other 2.3 3.5 4.9 -0.7 2.3 0.8 -0.2 16.4 19.3 14.6 39

40 Discrepancy 0.4 -0.1 -0.5 -0.6 -0.9 -2.1 -3.9 -5.5 -2.3 -1.8 40

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
22 FFA, 1975-1984, March 11, 2010

F.115 Credit Unions

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.3 0.5 0.6 0.7 0.5 0.4 0.8 0.8 1.0 1.5 1

 2 Fixed nonresidential investment 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.6 2

 3 Net acquisition of financial assets 5.6 6.3 8.0 6.8 4.7 5.8 3.2 10.2 15.3 14.4 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 -0.1 -0.1 0.1 0.1 0.2 0.1 0.4 0.2 0.4 0.4 5

 6 Time and savings deposits 0.5 -0.1 0.9 -1.4 1.0 2.4 0.0 7.4 1.6 -1.2 6

 7 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.7 1.7 0.8 1.1 0.3 7

 8 Credit market instruments 5.4 6.6 7.2 6.4 1.7 -0.8 2.0 2.3 12.1 15.3 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 9

10 Treasury securities 0.3 0.2 0.1 -0.7 -0.1 0.3 0.1 0.3 1.4 0.8 10

11 Agency- and GSE-backed securities 0.8 0.5 0.4 -0.1 -1.0 0.7 0.3 0.9 1.7 -0.4 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 0.0 0.0 0.0 0.0 0.0 13

14 Home mortgages 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 14

15 Consumer credit 3.8 5.5 6.4 7.6 2.2 -3.3 2.7 2.1 7.3 11.7 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Miscellaneous assets -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.4 17

18 Net increase in liabilities 5.4 6.0 8.3 6.4 4.5 5.8 3.0 9.3 14.9 13.5 18

19 Shares/deposits 5.5 6.0 7.7 6.4 4.4 4.2 2.9 10.2 14.9 12.9 19

20 Checkable 0.0 0.2 0.4 0.4 0.4 1.8 0.6 1.8 2.3 1.5 20

21 Small time and savings 5.5 5.8 7.3 5.8 3.9 2.2 2.2 8.2 12.6 11.3 21

22 Large time 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.2 -0.0 0.1 22

23 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 24

25 Discrepancy -0.1 0.0 0.6 0.0 -0.1 -0.0 0.1 -0.6 0.1 0.0 25

F.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Gross saving less net capital transfers paid (1) 0.3 1.7 5.7 5.9 5.7 5.0 4.2 2.8 1.4 -2.2 1

 2 Fixed nonresidential investment 0.9 1.0 1.1 1.4 2.0 2.2 2.6 2.8 3.0 3.7 2

 3 Net acquisition of financial assets 8.0 15.8 21.5 21.1 19.7 16.0 15.3 14.5 15.7 15.9 3

 4 Checkable deposits and currency 0.1 0.2 0.3 0.4 0.3 0.1 0.1 0.0 -0.4 0.5 4

 5 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.1 4.0 9.6 4.2 5

 6 Credit market instruments 7.3 12.5 17.5 16.5 13.4 9.9 9.4 5.0 1.7 12.3 6

 7 Treasury securities 1.9 2.6 2.5 0.7 0.2 1.6 1.4 0.6 3.3 5.9 7

 8 Agency- and GSE-backed securities 0.6 0.6 0.5 0.5 1.1 0.2 0.8 1.5 2.2 3.2 8

 9 Municipal securities 2.6 5.4 10.7 13.5 9.9 7.7 4.0 3.0 -0.3 -1.2 9

10 Corporate and foreign bonds 2.2 3.9 3.7 1.8 2.0 0.0 2.8 -0.5 -4.2 4.1 10

11 Commercial mortgages 0.1 0.1 0.1 0.0 0.3 0.3 0.4 0.3 0.7 0.4 11

12 Corporate equities -0.7 0.9 1.2 2.0 3.2 3.1 2.0 2.7 2.1 -4.3 12

13 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Trade receivables 0.6 1.2 1.3 1.5 1.9 2.0 2.6 2.1 2.0 2.8 14

15 Miscellaneous assets 0.7 0.9 1.2 0.7 0.9 1.0 1.1 0.7 0.7 0.5 15

16 Net increase in liabilities 7.4 11.5 14.2 15.3 16.4 15.2 13.1 14.0 14.2 18.5 16

17 Corporate equity issues 1.0 0.9 1.4 0.8 0.9 1.2 1.1 2.8 1.5 3.9 17

18 Taxes payable (net) 0.0 0.1 0.1 0.1 -0.0 0.1 -0.0 0.1 -0.0 0.0 18

19 Miscellaneous liabilities 6.4 10.6 12.7 14.4 15.5 13.9 12.0 11.1 12.7 14.6 19

20 Discrepancy -1.3 -3.6 -2.7 -1.3 0.4 2.0 -0.6 -0.5 -3.2 -3.2 20

(1) Net capital transfers paid from table F.9, line 50.
FFA, 1975-1984, March 11, 2010 23

F.117 Life Insurance Companies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 2.2 2.6 3.0 3.7 4.1 5.7 5.7 4.3 3.8 2.1 1

 2 Fixed nonresidential investment 0.8 0.9 1.0 1.3 1.8 1.9 2.3 2.5 2.7 3.3 2

 3 Net acquisition of financial assets 20.4 28.2 31.3 35.6 37.5 37.8 45.9 55.4 59.1 66.7 3

 4 Checkable deposits and currency -0.1 0.1 0.1 0.2 0.3 0.5 1.1 0.3 -0.6 0.7 4

 5 Money market fund shares 0.0 0.0 0.2 0.3 0.6 0.9 3.7 1.1 -1.9 2.2 5

 6 Credit market instruments 16.9 23.7 27.5 33.1 33.0 33.2 34.7 43.5 50.6 56.3 6

 7 Open market paper 0.7 0.4 -0.3 1.5 1.6 2.2 7.4 4.2 3.4 4.1 7

 8 Treasury securities 1.4 0.6 -0.1 -0.5 0.1 1.0 2.3 8.4 12.1 12.6 8

 9 Agency- and GSE-backed securities 0.4 0.9 1.7 2.5 2.8 1.8 3.1 4.3 7.2 11.0 9

10 Municipal securities 0.8 1.1 0.5 0.4 0.0 0.3 0.5 1.9 0.9 -1.3 10

11 Corporate and foreign bonds 9.1 16.9 18.8 17.3 11.6 8.7 7.3 16.2 16.7 23.7 11

12 Other loans and advances 1.6 1.4 1.7 2.6 4.7 6.6 7.3 4.3 1.1 0.4 12

13 Mortgages 2.9 2.4 5.3 9.3 12.3 12.7 6.7 4.2 9.0 5.7 13

14 Corporate equities 2.1 3.1 1.1 -0.1 0.4 0.4 2.4 2.4 3.4 0.3 14

15 Mutual fund shares -0.1 -0.1 0.1 0.0 0.1 0.1 0.5 1.0 -0.4 0.5 15

16 Miscellaneous assets 1.7 1.5 2.3 2.1 2.9 2.7 3.6 7.1 8.0 6.8 16

17 Net increase in liabilities 19.8 27.6 31.1 35.1 35.1 35.5 46.1 53.7 49.7 68.6 17

18 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Life insurance reserves 7.9 8.6 9.3 10.9 10.4 9.7 8.9 7.0 7.8 5.0 20

21 Pension fund reserves (1) 8.7 15.0 16.8 19.1 19.4 22.3 29.5 39.7 32.7 48.9 21

22 Taxes payable (net) -0.1 0.1 0.4 0.3 0.0 0.4 -0.1 0.2 -0.1 0.1 22

23 Miscellaneous liabilities 3.3 3.9 4.6 4.8 5.3 3.0 7.8 6.8 9.3 14.6 23

24 Discrepancy 0.8 1.1 1.8 2.0 -0.0 1.4 3.6 0.1 -8.3 0.7 24

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 23).

F.118 Private Pension Funds (1)

Billions of dollars

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.6 0.9 2

 3 Net acquisition of financial assets 40.2 19.5 32.0 36.6 49.5 59.9 49.4 86.9 82.8 47.7 3

 4 Checkable deposits and currency 1.0 0.1 0.3 0.3 -0.1 -0.9 -0.7 -1.2 0.5 0.6 4

 5 Time and savings deposits 2.5 2.2 3.0 4.0 4.2 3.9 4.7 12.9 11.6 7.0 5

 6 Money market fund shares 0.0 0.0 0.1 0.3 0.8 1.5 3.9 -1.9 1.2 1.0 6

 7 Security RPs 1.3 0.4 1.0 1.2 0.8 0.6 -0.1 0.4 1.9 0.3 7

 8 Credit market instruments 15.6 6.5 10.4 10.6 22.1 30.6 27.3 46.7 42.2 38.4 8

 9 Open market paper 3.7 1.9 0.4 -0.2 4.2 4.1 5.0 -9.3 2.0 2.5 9

10 Treasury securities 3.8 5.7 3.2 1.9 2.8 6.2 14.5 28.5 18.2 15.1 10

11 Agency- and GSE-backed securities 1.2 0.6 2.4 0.2 3.9 5.8 1.9 11.8 6.9 5.7 11

12 Corporate and foreign bonds 6.9 -1.7 4.3 8.4 10.7 14.0 5.6 11.9 12.7 15.5 12

13 Mortgages 0.0 0.0 0.1 0.2 0.4 0.4 0.3 3.9 2.4 -0.4 13

14 Corporate equities 7.5 6.3 8.1 9.8 13.3 17.3 18.3 22.9 7.9 -3.9 14

15 Mutual fund shares 0.5 0.5 0.3 -0.5 0.9 1.4 -2.8 2.9 0.4 1.1 15

16 Miscellaneous assets 11.7 3.5 8.8 11.0 7.5 5.5 -1.1 4.0 17.2 3.1 16

17 Unallocated insurance contracts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Contributions receivable 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 18

19 Other 10.8 3.0 8.5 10.2 6.6 4.1 -1.5 2.1 15.0 2.2 19

20 Pension fund reserves (liabilities) (3) 40.3 19.5 32.0 36.7 49.6 60.0 49.6 87.1 83.2 48.3 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, 1975-1984, March 11, 2010

F.119 State and Local Government Employee Retirement Funds

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 2

 3 Net acquisition of financial assets 10.9 12.5 15.5 20.5 16.0 26.3 29.1 30.4 32.6 46.8 3

 4 Checkable deposits and currency 0.0 -0.0 0.0 0.1 0.2 0.0 0.0 0.4 0.4 0.6 4

 5 Time and savings deposits -0.4 -0.0 0.3 0.9 1.1 0.2 0.1 2.2 2.8 3.2 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 7

 8 Credit market instruments 8.9 9.4 11.5 16.8 10.6 20.6 21.8 21.7 8.1 34.3 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 9

10 Treasury securities 1.0 1.5 2.7 2.7 5.3 6.2 6.6 9.3 12.0 19.0 10

11 Agency- and GSE-backed securities 0.7 1.6 2.7 4.4 1.4 3.7 5.2 10.1 4.9 4.1 11

12 Municipal securities 1.0 1.4 0.2 0.4 -0.0 0.1 -0.2 -0.7 -1.1 -0.5 12

13 Corporate and foreign bonds 6.4 4.7 5.6 8.8 2.9 9.2 8.6 1.8 -9.6 9.6 13

14 Mortgages -0.2 0.2 0.3 0.5 1.0 1.3 1.6 1.3 0.9 0.6 14

15 Corporate equities 2.4 3.1 3.7 2.6 4.1 5.3 7.1 6.0 20.0 7.3 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 17

18 Pension fund reserves (liabilities) (1) 10.9 12.5 15.5 20.5 16.0 26.3 29.1 30.5 32.6 46.9 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 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 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 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets(2) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 7

 8 Pension fund reserves (liabilities) (3) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 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.
FFA, 1975-1984, March 11, 2010 25

F.121 Money Market Mutual Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 1

 2 Foreign deposits 0.0 0.0 0.0 0.5 4.6 1.7 12.1 4.9 -1.8 -0.9 2

 3 Checkable deposits and currency 0.0 -0.0 0.0 0.0 -0.0 0.1 -0.7 0.8 -0.6 -1.0 3

 4 Time and savings deposits 0.5 -0.7 0.3 2.7 7.5 9.2 23.2 -3.3 -16.8 -0.3 4

 5 Security RPs 0.1 -0.0 0.1 0.1 2.1 3.2 8.9 1.7 -3.2 9.6 5

 6 Credit market instruments 0.7 0.6 -0.1 3.2 19.8 16.9 65.4 30.1 -17.9 44.5 6

 7 Open market paper -0.1 0.4 0.1 2.6 15.6 12.3 38.8 -1.3 -3.0 31.1 7

 8 Treasury securities 0.8 0.2 -0.3 0.0 0.7 1.9 18.0 21.1 -19.8 2.4 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.6 3.4 0.7 5.6 1.6 1.4 3.5 9

10 Municipal securities 0.0 0.0 0.0 0.0 0.0 2.0 2.4 8.9 3.6 7.1 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.1 0.5 -0.3 -0.1 0.4 11

12 Miscellaneous assets 0.0 0.0 -0.1 0.5 0.4 0.1 1.0 -0.6 -0.2 0.8 12

13 Net share issues (liabilities) 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 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 -0.1 -0.2 -0.2 0.0 -0.2 0.7 1.6 2.2 1.1 0.9 1

 2 Net acquisition of financial assets -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 2

 3 Security RPs -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 -1.7 3

 4 Credit market instruments 0.6 0.4 3.4 0.2 2.0 2.5 3.1 5.2 9.6 18.9 4

 5 Open market paper -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 5.6 5

 6 Treasury securities -0.0 0.0 0.2 -0.2 -0.0 0.3 0.9 2.3 -1.0 2.6 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 3.8 7

 8 Municipal securities 0.0 0.5 1.6 0.5 1.4 0.4 0.7 2.9 5.5 5.7 8

 9 Corporate and foreign bonds 0.7 0.3 1.1 -0.7 0.8 1.3 1.6 0.2 2.7 1.3 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 -0.9 -2.4 -3.7 -1.6 -2.8 -1.8 -0.6 3.5 13.7 5.9 11

12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net share issues (liabilities) -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 13

14 Discrepancy -0.1 -0.2 -0.2 0.0 -0.2 0.7 1.6 2.2 1.1 0.9 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 -1.8 -0.8 -1.4 0.5 -0.8 -1.2 -0.5 -0.2 -0.8 -1.0 1

 2 Credit market instruments 0.1 0.2 -0.7 0.3 0.0 0.0 -0.1 0.5 -0.2 -0.5 2

 3 Treasury securities 0.0 0.0 -0.2 0.1 -0.0 0.0 -0.1 0.0 -0.0 -0.1 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.1 0.2 -0.5 0.3 0.0 0.0 -0.0 0.4 -0.2 -0.4 5

 6 Corporate equities -1.9 -1.0 -0.7 0.2 -0.8 -1.2 -0.4 -0.7 -0.6 -0.5 6

 7 Net share issues (liabilities) -1.8 -0.8 -1.4 0.5 -0.8 -1.2 -0.5 -0.2 -0.8 -1.0 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 0.0 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 0.0 0.0 13

14 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
26 FFA, 1975-1984, March 11, 2010

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.3 0.3 0.4 0.6 0.8 0.9 1.2 1.5 1.0 1.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 2

 3 Net acquisition of financial assets 5.2 4.5 7.6 28.6 31.2 29.5 37.5 22.2 1.7 41.2 3

 4 Checkable deposits and currency -0.0 -0.0 0.1 0.0 0.2 0.0 0.2 -0.2 0.2 0.6 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) -0.3 0.3 0.2 1.4 0.6 1.8 3.5 5.4 -2.3 8.3 6

 7 Credit market instruments 4.5 4.7 6.4 26.7 30.0 26.4 33.2 16.0 2.7 29.1 7

 8 Open market paper 0.1 -0.0 0.2 -1.2 0.1 0.0 0.3 -0.3 0.4 -0.1 8

 9 Treasury securities 1.5 1.5 -3.4 0.5 -0.2 0.4 0.2 1.5 -1.6 0.9 9

10 Agency- and GSE-backed securities -0.0 0.0 -0.4 0.1 0.4 0.2 0.2 -0.1 -0.4 0.2 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.5 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 -2.4 0.3 6.4 14.6 14.6 10.4 17.7 -0.8 -4.9 14.8 13

14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 0.7 14

15 Farm Credit System 1.6 2.3 2.1 2.1 5.5 3.3 1.5 -1.6 -0.5 -1.6 15

16 FHLB loans -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -7.0 15.7 16

17 Mortgages 5.4 3.0 3.5 12.2 14.4 14.2 12.6 14.1 10.4 11.9 17

18 Home 2.5 0.5 0.5 9.0 9.2 7.6 5.1 10.3 9.4 10.7 18

19 Multifamily residential 0.2 -0.1 0.1 -0.0 0.2 0.2 -0.1 -0.1 -0.1 0.9 19

20 Farm 2.6 2.5 3.0 3.2 5.1 6.4 7.7 3.9 1.1 0.3 20

21 Consumer credit (2) 0.0 0.0 0.1 0.4 0.6 1.1 2.2 1.6 -1.8 1.0 21

22 Miscellaneous assets 1.0 -0.5 1.0 0.4 0.4 1.3 0.6 0.9 1.1 3.1 22

23 Net increase in liabilities 5.0 4.3 7.7 28.9 31.4 29.0 37.6 21.5 1.6 41.4 23

24 Credit market instruments 3.2 2.1 5.9 23.5 24.8 25.6 32.4 15.3 1.4 30.4 24

25 GSE issues (3) 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 25

26 U.S. government loans 0.9 -0.4 -1.1 0.4 0.6 1.2 1.9 0.4 0.0 0.0 26

27 Corporate equities 0.1 0.2 0.5 0.9 0.9 -0.2 0.5 0.3 0.4 0.7 27

28 Miscellaneous liabilities 1.7 2.0 1.3 4.5 5.7 3.6 4.7 5.9 -0.2 10.2 28

29 Discrepancy 0.1 0.1 0.5 0.9 1.0 0.4 1.2 0.8 0.7 1.0 29

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding

 Corporation. The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

F.125 Agency- and GSE-backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 1

 2 Home mortgages 7.3 11.9 15.7 12.4 21.8 18.7 14.3 49.3 65.1 43.5 2

 3 Multifamily residential mortgages 0.4 0.5 0.9 1.5 1.2 0.7 0.9 0.4 1.2 1.1 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages -0.6 -0.2 -0.5 -0.3 0.1 -0.2 -0.1 -0.2 -0.0 -0.0 5

 6 Net increase in pool securities (liabilities)(2) 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for

 agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans.

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 1975-1984, March 11, 2010 27

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 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) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 5.8 5

 6 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 7

 8 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 8

 9 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 12

13 Net increase in liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 8.7 13

14 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 14

15 Corporate bonds (net) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 7.8 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 0.0 0.0 0.0 0.0 0.0 17

18 REIT assets (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 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 0.2 0.2 0.5 0.4 0.6 -0.4 -0.8 -0.2 0.9 -0.2 1

 2 Fixed nonresidential investment 0.7 0.8 0.9 0.9 1.2 1.6 1.8 1.7 2.3 2.6 2

 3 Net acquisition of financial assets -1.0 11.1 22.8 28.2 31.9 14.0 24.7 12.7 25.8 32.7 3

 4 Checkable deposits and currency 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 -0.3 4

 5 Time and savings deposits 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 5

 6 Credit market instruments 2.9 11.6 22.0 25.7 29.1 13.9 22.8 10.3 25.2 34.8 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 7

 8 Other loans and advances 3.7 8.6 13.5 11.5 10.1 3.9 10.6 0.7 12.0 21.6 8

 9 Mortgages -0.2 1.3 3.1 4.9 5.8 1.9 3.2 4.1 2.7 5.4 9

10 Consumer credit -0.6 1.6 5.4 9.3 13.2 8.1 8.9 5.4 10.4 8.0 10

11 Miscellaneous assets -4.1 -0.7 0.6 2.4 2.6 0.0 1.8 2.4 0.5 -1.7 11

12 Net increase in liabilities -0.9 10.7 22.0 27.0 30.3 11.8 24.5 12.1 25.1 32.4 12

13 Credit market instruments -3.4 6.8 20.0 16.3 20.1 5.9 15.0 4.9 15.5 25.4 13

14 Open market paper 0.6 3.3 8.4 7.8 13.3 -1.0 9.6 -5.8 9.1 12.6 14

15 Corporate bonds 4.9 3.5 8.1 5.1 2.4 5.9 3.4 8.1 4.0 9.6 15

16 Bank loans n.e.c. -8.9 0.0 3.5 3.3 4.4 0.9 1.9 2.6 2.4 3.2 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 0.1 0.1 -0.1 -0.1 -0.1 -0.1 0.1 -0.0 18

19 Miscellaneous liabilities 2.5 3.9 2.0 10.7 10.4 6.0 9.6 7.4 9.6 7.0 19

20 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.4 -0.4 0.2 -0.3 1.9 20

21 Investment by parent 8.7 4.3 1.4 4.6 3.5 3.2 -7.8 7.3 5.2 9.4 21

22 Other -6.2 -0.4 0.5 6.0 6.9 2.4 17.9 -0.2 4.7 -4.3 22

23 Discrepancy -0.4 -0.9 -1.2 -1.7 -2.2 -4.3 -2.8 -2.5 -2.1 -3.1 23

 Memo:

24 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.3 0.1 0.2 1.0 2.8 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table F.126.
28 FFA, 1975-1984, March 11, 2010

F.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.0 -0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.1 -0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.4 2

 3 Multifamily residential investment 0.1 0.0 -0.1 -0.0 -0.0 -0.0 0.0 0.0 -0.0 0.1 3

 4 Net acquisition of financial assets -9.2 -2.7 -1.2 -0.2 0.0 -0.1 -0.1 0.2 0.1 4.1 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 -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 3.4 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 7

 8 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Mortgages -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 0.8 9

10 Home -1.0 -0.2 -0.1 -0.1 -0.1 -0.0 0.0 -0.0 -0.1 0.0 10

11 Multifamily residential -4.2 -1.1 -0.4 -0.2 -0.0 -0.1 -0.1 0.1 0.0 0.4 11

12 Commercial -3.9 -1.3 -0.7 -0.1 -0.1 -0.1 -0.0 0.1 -0.1 0.4 12

13 Miscellaneous assets -0.1 -0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.2 0.7 13

14 Net increase in liabilities -8.6 -2.1 -0.7 0.4 0.8 0.7 0.8 0.5 0.3 3.3 14

15 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Credit market instruments -5.2 -1.9 -1.8 -0.6 -0.2 -0.4 -0.0 -0.0 -0.3 2.8 16

17 Open market paper 0.1 -0.3 -0.0 0.1 0.1 -0.2 0.0 -0.1 -0.1 0.2 17

18 Corporate bonds -1.0 -0.2 -0.1 -0.2 -0.0 0.0 0.1 -0.0 0.0 2.1 18

19 Bank loans n.e.c. -4.3 -1.9 -1.5 -0.7 -0.3 -0.2 -0.1 0.0 -0.2 0.1 19

20 Mortgages -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 20

21 Corporate equity issues -1.6 -0.3 1.3 0.9 1.0 1.0 0.9 0.4 0.6 0.3 21

22 Miscellaneous liabilities -1.7 0.1 -0.1 0.2 -0.0 0.1 -0.1 0.1 0.0 0.2 22

23 Discrepancy 0.4 0.4 0.5 0.5 0.6 0.7 0.7 0.1 0.1 -1.2 23

 Memo:

24 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 24

25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 25

26 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1975-1984, March 11, 2010 29

F.129 Security Brokers and Dealers

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Gross saving 0.8 0.3 0.4 0.8 0.6 1.0 0.7 0.6 2.3 1.7 1

 2 Fixed nonresidential investment 0.9 0.9 1.1 1.2 2.0 2.6 3.4 4.5 6.1 7.9 2

 3 Net acquisition of financial assets 3.2 12.9 -4.2 2.6 0.2 12.7 14.4 23.5 7.2 27.9 3

 4 Checkable deposits and currency -0.0 0.3 0.0 0.2 1.0 0.8 -0.2 1.7 -0.9 0.3 4

 5 Credit market instruments 1.0 7.8 -5.3 -3.7 -3.6 2.6 14.4 15.2 -10.6 28.6 5

 6 Open market paper 1.0 3.2 -0.5 -0.9 1.4 -0.4 4.8 4.9 -4.8 5.7 6

 7 Treasury securities -1.1 4.5 -5.3 -2.0 -5.4 2.3 7.7 6.2 -9.7 12.6 7

 8 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 8

 9 Municipal securities -0.1 1.0 0.4 -0.2 0.3 0.3 0.5 1.6 1.8 4.5 9

10 Corporate and foreign bonds 1.2 -0.9 0.1 -0.7 0.1 0.4 1.4 2.5 2.0 5.7 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 0.7 -2.4 0.4 0.0 0.4 0.1 0.5 0.9 4.3 -1.0 12

13 Security credit 1.0 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 13

14 Miscellaneous assets 0.5 3.3 -1.4 3.4 2.1 1.9 1.4 2.9 6.0 2.4 14

15 Net increase in liabilities 3.2 13.5 -3.6 2.6 0.9 12.1 14.4 23.6 6.3 28.3 15

16 Security RPs (net) 2.3 2.2 -5.4 -1.3 -2.4 0.9 8.4 24.7 -15.9 17.1 16

17 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 17

18 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 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 0.3 0.3 0.1 0.1 -0.1 0.4 0.8 0.7 1.0 1.1 20

21 Trade payables 0.1 0.1 0.1 0.1 0.2 0.4 0.4 0.5 2.5 0.4 21

22 Security credit 1.6 7.5 2.2 -0.1 1.0 6.7 3.8 3.1 5.2 6.8 22

23 Customer credit balances (HH) 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 23

24 From banks 0.9 6.6 2.2 -2.9 -0.9 0.8 5.3 0.0 2.4 5.8 24

25 Taxes payable 0.0 0.1 -0.1 0.1 0.0 0.3 -0.2 0.3 -0.2 -0.1 25

26 Miscellaneous liabilities -1.7 2.9 -0.7 3.3 1.1 3.0 1.1 -6.2 13.1 2.2 26

27 Foreign direct investment in U.S. 0.1 0.2 0.2 0.0 0.3 0.2 0.3 0.8 0.3 0.5 27

28 Due to affiliates -1.8 0.0 0.0 0.0 0.0 8.6 -4.4 1.5 1.0 0.8 28

29 Other -0.0 2.7 -1.0 3.3 0.8 -5.9 5.2 -8.4 11.8 0.9 29

30 Proprietors’ net investment 0.6 0.4 0.1 0.4 1.0 0.6 0.1 0.5 0.3 -0.0 30

31 Discrepancy -0.1 -0.0 -0.1 -0.4 -0.7 -2.2 -2.7 -3.9 -4.7 -5.8 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 -0.1 0.1 0.4 1.1 0.1 9.8 0.2 4.5 32.8 -14.7 1

 2 Money market fund shares 0.0 0.3 -0.1 0.3 0.1 -0.0 0.6 0.3 1.5 0.1 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 -0.1 -0.2 0.4 0.8 -0.0 0.8 5.4 0.8 28.2 -16.0 4

 5 Open market paper -0.1 -0.2 0.4 0.8 -0.0 0.8 5.4 0.8 28.2 -16.0 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 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 0.0 0.0 0.0 0.0 0.0 9.0 -5.7 3.4 3.2 1.2 9

10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 10

11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 -4.4 1.5 1.0 0.8 11

12 Net increase in liabilities -0.1 0.1 0.4 1.1 0.1 9.8 0.2 4.5 32.8 -14.7 12

13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 3.2 1.2 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 2.9 0.4 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.7 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 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 -0.1 0.1 0.4 1.1 0.1 9.4 -4.0 1.1 29.6 -15.9 19

20 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Securities loaned (net) 0.0 0.6 -0.1 0.5 0.1 -0.0 1.0 0.2 2.9 0.2 21

22 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other (net) -0.1 -0.5 0.5 0.5 -0.1 9.4 -5.0 0.9 26.7 -16.1 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, 1975-1984, March 11, 2010

F.200 Gold and Official Foreign Exchange Holdings (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total U.S. reserves 0.8 2.6 0.4 -0.7 1.1 8.2 5.1 5.0 1.2 3.1 1

 2 U.S. gold stock and SDRs 0.1 0.1 0.2 -1.2 1.2 0.0 1.7 1.4 0.1 1.0 2

 3 Federal govt.: Exchange Stab. Fund 0.1 0.1 0.1 -1.3 1.4 0.0 1.7 1.4 0.1 1.0 3

 4 Monetary authority (2) -0.1 -0.0 0.1 0.1 -0.2 -0.0 -0.0 -0.0 -0.0 -0.0 4

 5 U.S. foreign exchange position 0.8 2.5 0.1 0.5 -0.1 8.1 3.4 3.6 1.1 2.2 5

 6 Official foreign currency holdings 0.3 0.3 -0.2 4.7 -0.3 6.5 0.9 1.0 -3.3 1.2 6

 7 Treasury 0.2 0.1 -0.1 2.3 -0.1 3.2 0.4 0.5 -1.7 0.6 7

 8 Monetary authority 0.2 0.1 -0.1 2.3 -0.1 3.2 0.4 0.5 -1.7 0.6 8

 9 Net IMF position 0.5 2.2 0.3 -4.2 0.2 1.7 2.5 2.6 4.4 1.0 9

10 Federal government 0.4 2.2 0.3 -4.2 0.2 1.7 2.5 2.5 4.5 1.0 10

11 Monetary authority 0.1 -0.0 0.0 -0.0 0.0 -0.0 0.0 0.0 -0.0 -0.0 11

(1) Lines 1, 2, and 3 exclude increases in SDRs through allocations, which have occurred at various dates beginning January 1970. Transactions in SDRs are included. Also excluded from the table

 are revaluations of foreign currency holdings, gold, SDRs, and IMF position. Allocations and revaluations are included in tables on outstandings.

(2) Treasury gold stock.

F.201 SDR Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 1

 2 Asset: Monetary authority 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 3

 4 Asset: Monetary authority 1.0 0.6 0.5 0.5 1.3 0.7 0.7 0.6 0.7 0.7 4

 5 Discrepancy (seigniorage) -0.1 -0.1 -0.3 -0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 0.8 1.7 1.3 2.4 9.8 4.5 10.4 2.0 6.5 -0.9 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.0 2

 3 Nonfinancial corporate business 0.5 0.8 2.2 2.6 1.8 -0.4 2.7 -2.3 4.3 -1.1 3

 4 Money market mutual funds 0.0 0.0 0.0 0.5 4.6 1.7 12.1 4.9 -1.8 -0.9 4

 5 Discrepancy--unallocated assets 0.4 0.9 -0.9 -0.6 3.4 3.2 -4.3 -0.6 3.7 1.0 5
FFA, 1975-1984, March 11, 2010 31

F.203 Net Interbank Transactions

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities -11.2 -9.1 -1.4 16.1 21.5 -33.1 -43.2 -2.1 -2.4 13.1 1

 2 Monetary authority 0.8 -1.0 3.5 5.9 1.6 -1.0 -3.4 2.2 -3.6 3.6 2

 3 Depository institution reserves 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 0.4 3

 4 Vault cash 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 4

 5 Commercial banking -12.0 -8.1 -4.9 10.2 19.9 -32.0 -39.8 -4.3 1.2 9.5 5

 6 To monetary authority 1.6 -1.3 1.4 3.6 0.5 -1.9 -2.9 0.1 -1.0 2.0 6

 7 To banks in foreign countries -9.9 -6.0 -0.9 6.4 21.1 -26.6 -33.9 -3.5 12.2 2.8 7

 8 Liabilities, net -8.0 -4.1 1.1 5.9 20.9 -21.2 -30.9 7.0 10.3 -0.1 8

 9 U.S.-chartered commercial banks -7.1 -7.0 -1.3 1.2 14.3 -20.2 -19.7 -15.7 6.4 -5.8 9

10 Due to foreign affiliates -0.8 0.7 3.5 4.4 13.1 -5.7 12.7 -2.7 8.5 0.9 10

11 - Due from foreign affiliates 6.3 7.6 4.8 3.1 -1.2 14.5 32.4 12.9 2.0 6.7 11

12 Foreign banking offices in U.S. -0.9 2.9 2.5 3.7 5.8 1.2 -5.0 24.8 7.0 6.3 12

13 Due to foreign affiliates 0.9 4.0 5.6 7.1 15.5 13.5 9.0 -6.3 5.3 -0.9 13

14 - Due from foreign affiliates 1.7 1.0 3.1 3.3 9.7 12.3 14.0 -31.1 -1.7 -7.2 14

15 Bank holding companies 0.0 -0.1 -0.1 1.0 0.8 -2.1 -6.1 -2.2 -3.1 -0.6 15

16 Due to foreign affiliates 0.7 0.1 0.1 -0.7 0.8 0.8 1.0 0.3 0.7 0.8 16

17 - Due from foreign affiliates 0.7 0.2 0.2 -1.7 0.0 2.9 7.2 2.5 3.8 1.4 17

18 Less: Deposits at foreign banks 1.9 1.8 2.0 -0.5 -0.2 5.4 3.0 10.5 -1.8 -2.9 18

19 U.S.-chartered commercial banks 1.3 1.9 0.4 -0.9 -0.2 3.4 3.4 10.3 -1.3 -4.6 19

20 Foreign banking offices in U.S. 0.6 -0.1 1.6 0.4 -0.0 2.0 -0.4 0.2 -0.6 1.7 20

21 To U.S. banking, net -3.8 -0.9 -5.4 0.2 -1.7 -3.5 -3.0 -0.9 -10.0 4.8 21

22 U.S.-chartered commercial banks -0.1 0.9 -2.3 -5.6 -8.4 -14.2 -12.0 -1.7 0.9 3.8 22

23 Liabilities -0.3 3.7 2.3 8.2 8.2 2.6 3.5 -6.2 -5.0 -0.8 23

24 To foreign offices in U.S. 2.0 3.5 6.2 5.3 9.1 4.3 0.5 -7.1 -1.7 -3.1 24

25 To bank holding companies 1.5 1.1 1.5 2.7 0.9 1.8 6.0 1.7 6.7 -2.5 25

26 Unallocated -3.8 -0.9 -5.4 0.2 -1.7 -3.5 -3.0 -0.9 -10.0 4.8 26

 Less, due from:

27 Foreign offices in U.S. -0.7 2.6 4.5 12.4 14.1 15.0 13.4 -4.7 -5.4 -4.7 27

28 Bank holding companies 0.5 0.2 0.2 1.4 2.6 1.8 2.0 0.2 -0.4 0.0 28

29 Foreign banking offices in U.S. -2.7 -0.9 -1.7 7.1 5.0 10.7 13.0 2.3 -3.8 -1.5 29

30 Due to U.S. banks -0.7 2.6 4.5 12.4 14.1 15.0 13.4 -4.7 -5.4 -4.7 30

31 - Due from U.S. banks 2.0 3.5 6.2 5.3 9.1 4.3 0.5 -7.1 -1.7 -3.1 31

32 Bank holding companies -1.0 -0.8 -1.4 -1.3 1.7 0.1 -4.0 -1.5 -7.1 2.5 32

33 Due to U.S. banks 0.5 0.2 0.2 1.4 2.6 1.8 2.0 0.2 -0.4 0.0 33

34 - Due from U.S. banks 1.5 1.1 1.5 2.7 0.9 1.8 6.0 1.7 6.7 -2.5 34

35 Net change in assets -7.4 -8.3 4.0 15.9 23.2 -29.6 -40.2 -1.2 7.6 8.4 35

36 Rest of the world -9.9 -6.0 -0.9 6.4 21.1 -26.6 -33.9 -3.5 12.2 2.8 36

37 Domestic 2.4 -2.3 5.0 9.5 2.1 -3.0 -6.3 2.3 -4.6 5.6 37

38 Monetary authority 1.6 -1.3 1.4 3.6 0.5 -1.9 -2.9 0.1 -1.0 2.0 38

39 Federal Reserve float 1.7 -1.1 1.2 2.7 0.3 -2.3 -2.7 1.0 -1.2 -0.7 39

40 Loans to member banks -0.1 -0.2 0.2 0.9 0.3 0.4 -0.2 -0.9 0.2 2.7 40

41 Commercial banking 0.8 -1.0 3.5 5.9 1.6 -1.0 -3.4 2.2 -3.6 2.0 41

42 Reserves at Federal Reserve 0.2 -0.9 1.7 4.4 -1.4 -2.3 -2.2 1.3 -5.0 -1.3 42

43 Vault cash 0.6 -0.1 1.8 1.5 3.0 1.3 -1.2 0.9 1.5 3.2 43

44 Savings insts.: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 44

45 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Discrepancy--floats, etc. -3.8 -0.9 -5.4 0.2 -1.7 -3.5 -3.0 -0.9 -10.0 4.8 46
32 FFA, 1975-1984, March 11, 2010

F.204 Checkable Deposits and Currency

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 19.4 25.1 30.1 32.7 36.8 17.2 28.0 37.8 39.5 46.9 1

 2 Monetary authority 10.7 10.6 4.8 6.3 8.2 9.0 10.9 10.2 13.0 10.3 2

 3 Federal government cash and deposits 4.5 3.1 -3.3 -3.1 0.1 -1.1 1.2 0.7 -1.3 1.7 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign -0.0 0.2 -0.0 0.1 0.1 -0.2 0.1 -0.2 0.0 -0.0 5

 6 Currency outside banks 6.3 7.4 8.2 9.3 8.0 10.3 9.5 9.7 14.3 8.6 6

 7 Commercial banking 8.3 13.6 24.3 25.4 27.4 5.2 8.7 19.3 15.0 28.7 7

 8 Federal government deposits -1.7 -0.1 4.3 6.8 0.4 -2.6 -1.1 6.1 -5.3 4.0 8

 9 Deposits due to foreign -0.3 3.0 2.4 -0.3 4.1 0.3 -3.9 -3.4 1.6 2.1 9

10 Private domestic deposits 10.3 10.7 17.6 19.0 22.9 7.5 13.8 16.6 18.8 22.6 10

11 Savings institutions 0.4 0.6 0.6 0.6 0.8 1.1 7.8 6.5 9.2 6.4 11

12 Credit unions 0.0 0.2 0.4 0.4 0.4 1.8 0.6 1.8 2.3 1.5 12

13 Net change in assets 19.4 25.1 30.1 32.7 36.8 17.2 28.0 37.8 39.5 46.9 13

14 Household sector 0.8 10.5 14.5 14.6 18.9 11.0 43.8 15.7 7.4 14.5 14

15 Nonfinancial business 11.1 6.7 6.5 9.6 9.0 2.4 -18.6 14.1 30.1 18.2 15

16 Corporate 10.5 4.7 3.8 6.3 6.1 -0.4 -21.0 10.3 21.6 13.1 16

17 Nonfarm noncorporate 0.5 2.0 2.6 3.2 2.8 2.8 2.1 3.5 8.2 4.8 17

18 Farm 0.1 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.2 18

19 State and local governments 0.5 -1.0 1.1 -0.0 -0.4 -0.6 -1.5 -1.6 -0.7 5.0 19

20 Federal government 2.7 3.9 -0.4 4.5 -0.8 -2.5 0.4 6.4 -8.3 5.3 20

21 Rest of the world 0.9 4.5 3.9 2.0 5.9 2.8 -2.2 -1.2 5.7 4.5 21

22 Checkable deposits -0.3 3.2 2.4 -0.2 4.2 0.0 -3.8 -3.7 1.6 2.1 22

23 Currency 1.2 1.3 1.5 2.2 1.7 2.8 1.6 2.5 4.1 2.4 23

24 Financial sectors 1.8 0.8 1.5 3.3 2.9 2.9 2.4 5.7 1.1 0.8 24

25 Commercial banking 0.1 -0.2 0.5 0.3 0.9 0.4 0.1 0.5 0.2 0.5 25

26 Savings institutions 0.5 0.3 -0.1 1.4 -0.0 1.6 2.0 3.1 1.8 -2.0 26

27 Credit unions -0.1 -0.1 0.1 0.1 0.2 0.1 0.4 0.2 0.4 0.4 27

28 Property-casualty insurance companies 0.1 0.2 0.3 0.4 0.3 0.1 0.1 0.0 -0.4 0.5 28

29 Life insurance companies -0.1 0.1 0.1 0.2 0.3 0.5 1.1 0.3 -0.6 0.7 29

30 Private pension funds 1.0 0.1 0.3 0.3 -0.1 -0.9 -0.7 -1.2 0.5 0.6 30

31 State and local govt. retirement funds 0.0 -0.0 0.0 0.1 0.2 0.0 0.0 0.4 0.4 0.6 31

32 Money market mutual funds 0.0 -0.0 0.0 0.0 -0.0 0.1 -0.7 0.8 -0.6 -1.0 32

33 Government-sponsored enterprises -0.0 -0.0 0.1 0.0 0.2 0.0 0.2 -0.2 0.2 0.6 33

34 Finance companies 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 -0.3 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 -0.0 0.3 0.0 0.2 1.0 0.8 -0.2 1.7 -0.9 0.3 36

37 Mail float 1.7 -0.3 3.2 -1.2 1.3 1.2 3.9 -1.5 4.2 -1.4 37
FFA, 1975-1984, March 11, 2010 33

F.205 Time and Savings Deposits

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 89.2 107.7 123.8 121.4 90.0 143.3 111.7 165.8 203.8 237.1 1

 2 Small time and savings deposits 98.4 121.5 95.2 66.6 60.6 83.8 50.0 142.0 215.1 150.3 2

 3 Commercial banking 40.3 54.6 28.8 14.7 30.5 46.0 42.1 98.3 130.1 74.9 3

 4 U.S.-chartered commercial banks 39.8 54.5 28.1 13.2 29.5 44.8 40.0 97.4 130.0 74.5 4

 5 Foreign banking offices in U.S. 0.4 0.0 0.2 0.7 0.5 0.8 0.9 0.9 -0.9 0.5 5

 6 Banks in U.S.-affiliated areas 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 6

 7 Savings institutions 52.6 61.1 59.1 46.1 26.3 35.6 5.7 35.5 72.3 64.1 7

 8 Credit unions 5.5 5.8 7.3 5.8 3.9 2.2 2.2 8.2 12.6 11.3 8

 9 Large time deposits (1) -9.1 -13.8 28.6 54.8 29.3 59.5 61.7 23.8 -11.3 86.8 9

10 Commercial banking -10.2 -15.2 26.3 48.6 13.9 46.8 51.9 12.2 -46.6 37.8 10

11 U.S.-chartered commercial banks -13.3 -15.6 23.8 42.1 10.2 39.3 43.9 2.3 -38.7 33.9 11

12 Foreign banking offices in U.S. 3.0 0.4 2.0 5.7 3.2 7.1 6.8 9.8 -8.7 3.9 12

13 Banks in U.S.-affiliated areas 0.2 0.1 0.5 0.8 0.5 0.4 1.2 0.1 0.9 0.0 13

14 Savings institutions 1.0 1.4 2.3 6.1 15.3 12.6 9.7 11.4 35.3 48.9 14

15 Credit unions 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.2 -0.0 0.1 15

16 Net change in assets 89.2 107.7 123.8 121.4 90.0 143.3 111.7 165.8 203.8 237.1 16

17 Household sector 77.6 101.2 103.4 99.0 71.2 118.6 68.6 113.7 199.1 226.0 17

18 Nonfinancial business 4.0 6.1 9.3 6.1 8.0 7.6 11.4 11.0 10.0 2.6 18

19 Corporate 3.7 4.7 6.7 2.7 2.2 4.6 9.9 8.6 6.4 -0.9 19

20 Nonfarm noncorporate 0.3 1.4 2.6 3.4 5.7 3.0 1.5 2.4 3.6 3.4 20

21 State and local governments -1.6 2.1 6.7 7.1 -2.1 -2.0 2.2 3.8 -6.3 0.2 21

22 Federal government 0.1 0.2 0.1 0.1 0.1 -0.2 -0.1 0.5 -0.5 0.5 22

23 Rest of the world 1.5 -1.9 -0.4 2.5 1.2 1.0 2.3 10.4 1.0 4.7 23

24 Financial sectors 7.7 0.0 4.6 6.7 11.7 18.4 27.3 26.5 0.4 3.1 24

25 Savings institutions 4.5 -1.4 0.1 0.4 -2.2 2.5 -0.7 7.2 1.2 -5.5 25

26 Credit unions 0.5 -0.1 0.9 -1.4 1.0 2.4 0.0 7.4 1.6 -1.2 26

27 Private pension funds 2.5 2.2 3.0 4.0 4.2 3.9 4.7 12.9 11.6 7.0 27

28 State and local govt. retirement funds -0.4 -0.0 0.3 0.9 1.1 0.2 0.1 2.2 2.8 3.2 28

29 Money market mutual funds 0.5 -0.7 0.3 2.7 7.5 9.2 23.2 -3.3 -16.8 -0.3 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 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 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 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 1

 2 Net purchases 1.3 -0.0 0.2 6.9 34.4 31.2 109.9 33.6 -40.5 52.7 2

 3 Household sector 1.3 -0.3 -0.2 5.7 30.5 24.9 90.3 33.5 -33.4 44.5 3

 4 Nonfinancial corporate business 0.0 0.0 0.2 0.4 2.4 4.0 11.4 0.6 -7.9 4.9 4

 5 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.2 0.3 0.6 0.9 3.7 1.1 -1.9 2.2 8

 9 Private pension funds 0.0 0.0 0.1 0.3 0.8 1.5 3.9 -1.9 1.2 1.0 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 Funding corporations 0.0 0.3 -0.1 0.3 0.1 -0.0 0.6 0.3 1.5 0.1 11
34 FFA, 1975-1984, March 11, 2010

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 3.7 16.0 7.2 23.8 16.2 23.5 28.5 31.0 12.6 35.7 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) 1.5 13.9 10.6 22.5 17.0 20.5 14.9 8.1 15.5 1.7 3

 4 U.S.-chartered commercial banks 1.5 13.9 10.6 22.5 17.0 20.5 14.9 8.1 12.0 2.0 4

 5 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 -0.3 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Savings institutions -0.0 -0.1 2.0 2.6 1.6 2.1 5.2 -1.8 13.1 16.9 7

 8 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Brokers and dealers (net) 2.3 2.2 -5.4 -1.3 -2.4 0.9 8.4 24.7 -15.9 17.1 9

10 Net change in assets -0.4 4.1 3.3 9.6 18.8 14.4 13.3 22.9 25.0 47.6 10

11 Nonfinancial corporate business 0.2 0.3 0.7 0.4 0.6 0.8 -2.1 0.7 0.8 0.7 11

12 State and local governments -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 12

13 Rest of the world -0.1 -0.1 -0.1 2.1 1.7 0.3 0.0 1.6 0.7 0.1 13

14 Financial sectors 0.3 3.7 2.9 2.9 6.8 8.2 18.7 18.2 6.9 26.3 14

15 Monetary authority 0.3 3.1 -1.5 -1.5 0.6 1.0 0.4 2.1 -3.8 0.0 15

16 Savings institutions -1.1 0.5 2.6 1.2 2.9 0.3 4.5 4.0 1.7 3.8 16

17 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 0.7 1.7 0.8 1.1 0.3 17

18 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 4.0 9.6 4.2 18

19 Private pension funds 1.3 0.4 1.0 1.2 0.8 0.6 -0.1 0.4 1.9 0.3 19

20 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 20

21 Money market mutual funds 0.1 -0.0 0.1 0.1 2.1 3.2 8.9 1.7 -3.2 9.6 21

22 Mutual funds -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 -1.7 22

23 Government-sponsored enterprises (net) -0.3 0.3 0.2 1.4 0.6 1.8 3.5 5.4 -2.3 8.3 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Discrepancy--unallocated assets 4.1 11.9 3.9 14.2 -2.6 9.1 15.2 8.1 -12.3 -11.9 25

F.208 Open Market Paper

Billions of dollars

 1 Total net issues, all types -1.2 8.2 15.0 17.7 37.5 19.3 51.3 5.7 26.9 51.9 1

 2 Commercial paper -1.5 4.4 11.8 18.4 28.7 11.2 39.5 -5.4 21.7 48.2 2

 3 Nonfinancial corporate business -2.9 1.4 1.6 2.7 9.0 4.0 14.7 -6.1 -0.8 21.7 3

 4 Foreign issues in U.S. 0.4 0.7 0.6 1.0 1.7 2.4 3.9 1.9 6.5 6.2 4

 5 Nonfinancial 0.4 0.7 0.6 1.0 1.4 1.6 0.6 0.0 0.1 0.8 5

 6 Financial 0.0 0.0 0.0 0.0 0.3 0.8 3.3 1.8 6.3 5.3 6

 7 Financial sectors 1.1 2.2 9.6 14.6 18.0 4.8 20.9 -1.1 16.0 20.3 7

 8 Commercial banking 0.3 -0.8 1.3 6.7 4.5 5.6 7.0 1.4 3.5 6.1 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 9

10 Finance companies 0.6 3.3 8.4 7.8 13.3 -1.0 9.6 -5.8 9.1 12.6 10

11 REITs 0.1 -0.3 -0.0 0.1 0.1 -0.2 0.0 -0.1 -0.1 0.2 11

12 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.4 4.3 3.4 2.9 0.4 12

13 Bankers acceptances (1) 0.2 3.8 3.2 -0.7 8.9 8.1 11.7 11.1 5.3 3.7 13

14 Net purchases, by sector -1.2 8.2 15.0 17.7 37.5 19.3 51.3 5.7 26.9 51.9 14

15 Household sector -14.7 -2.9 14.7 14.7 9.8 -3.6 -10.3 6.7 -4.9 21.9 15

16 Nonfinancial corporate business 3.8 2.1 -1.1 0.1 0.1 -0.5 -0.9 -0.3 4.2 -2.4 16

17 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Rest of the world 0.5 0.3 0.4 0.5 1.9 0.9 -1.3 -1.7 0.8 1.2 18

19 Monetary authority 0.2 -0.5 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 3.4 3.2 0.2 -1.2 2.1 1.7 0.7 0.3 0.5 -1.8 20

21 Savings institutions 0.4 0.8 0.2 0.4 0.7 1.2 1.3 1.8 -1.7 -1.4 21

22 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 22

23 Life insurance companies 0.7 0.4 -0.3 1.5 1.6 2.2 7.4 4.2 3.4 4.1 23

24 Private pension funds 3.7 1.9 0.4 -0.2 4.2 4.1 5.0 -9.3 2.0 2.5 24

25 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 25

26 Money market mutual funds -0.1 0.4 0.1 2.6 15.6 12.3 38.8 -1.3 -3.0 31.1 26

27 Mutual funds -0.1 -0.5 0.5 0.5 -0.1 0.5 -0.1 -0.2 0.8 5.6 27

28 Government-sponsored enterprises 0.1 -0.0 0.2 -1.2 0.1 0.0 0.3 -0.3 0.4 -0.1 28

29 Brokers and dealers 1.0 3.2 -0.5 -0.9 1.4 -0.4 4.8 4.9 -4.8 5.7 29

30 Funding corporations -0.1 -0.2 0.4 0.8 -0.0 0.8 5.4 0.8 28.2 -16.0 30

(1) Excludes banks’ holdings of own acceptances.
FFA, 1975-1984, March 11, 2010 35

F.209 Treasury Securities

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 1

 2 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 2

 3 Other Treasury issues 82.1 64.6 52.5 50.0 38.0 85.3 90.3 162.0 182.2 194.3 3

 4 Net purchases 86.1 69.3 57.2 53.9 37.2 77.9 85.9 162.2 185.3 197.4 4

 5 Household sector 19.8 -8.6 2.6 4.3 46.8 17.1 -5.2 19.3 44.2 57.0 5

 6 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 6

 7 Other Treasury issues 15.7 -13.3 -2.1 0.4 47.6 24.5 -0.8 19.2 41.1 54.0 7

 8 Nonfinancial corporate business 7.4 7.3 -5.0 -1.5 -1.6 0.2 5.0 2.4 9.1 6.3 8

 9 Nonfarm noncorporate business 0.0 0.2 0.9 0.8 -0.4 -0.2 0.7 -0.1 2.8 -0.5 9

10 State and local governments 1.3 12.5 21.1 22.3 1.8 7.9 15.0 18.0 23.0 16.8 10

11 Rest of the world 7.2 12.1 30.8 25.7 -18.4 12.4 7.9 12.8 15.7 27.7 11

12 Monetary authority 6.7 6.6 7.7 8.6 6.8 3.0 8.4 7.9 15.0 8.7 12

13 Commercial banking 29.9 18.8 -1.8 -6.6 0.5 15.9 2.2 20.3 45.5 2.0 13

14 U.S.-chartered commercial banks 29.6 18.1 -2.2 -6.7 -0.2 15.3 1.8 19.4 43.5 2.5 14

15 Foreign banking offices in U.S. 0.1 0.6 0.0 0.3 0.5 0.6 0.4 0.8 1.6 -0.6 15

16 Bank holding companies 0.1 0.0 0.1 -0.1 0.1 0.0 -0.0 -0.1 0.1 0.1 16

17 Banks in U.S.-affiliated areas 0.1 0.1 0.2 -0.1 0.0 0.1 0.0 0.1 0.2 0.0 17

18 Savings institutions 4.3 3.8 1.5 -2.1 -1.6 1.5 0.1 3.4 15.3 7.8 18

19 Credit unions 0.3 0.2 0.1 -0.7 -0.1 0.3 0.1 0.3 1.4 0.8 19

20 Property-casualty insurance companies 1.9 2.6 2.5 0.7 0.2 1.6 1.4 0.6 3.3 5.9 20

21 Life insurance companies 1.4 0.6 -0.1 -0.5 0.1 1.0 2.3 8.4 12.1 12.6 21

22 Private pension funds 3.8 5.7 3.2 1.9 2.8 6.2 14.5 28.5 18.2 15.1 22

23 State and local govt. retirement funds 1.0 1.5 2.7 2.7 5.3 6.2 6.6 9.3 12.0 19.0 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Money market mutual funds 0.8 0.2 -0.3 0.0 0.7 1.9 18.0 21.1 -19.8 2.4 25

26 Mutual funds -0.0 0.0 0.2 -0.2 -0.0 0.3 0.9 2.3 -1.0 2.6 26

27 Closed-end funds 0.0 0.0 -0.2 0.1 -0.0 0.0 -0.1 0.0 -0.0 -0.1 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 1.5 1.5 -3.4 0.5 -0.2 0.4 0.2 1.5 -1.6 0.9 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 -1.1 4.5 -5.3 -2.0 -5.4 2.3 7.7 6.2 -9.7 12.6 31

 Memo:

32 Federal government borrowing (1) 85.6 69.2 56.3 52.5 35.8 77.4 85.5 161.3 185.2 197.2 32

(1) Total issues of Treasury securities (table F.209, line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 12).
36 FFA, 1975-1984, March 11, 2010

F.210 Agency- and GSE-backed Securities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 9.0 14.6 22.3 35.3 46.0 43.1 45.2 63.7 67.7 74.9 1

 2 Budget agencies -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 2

 3 Government-sponsored enterprises 2.3 2.5 7.0 23.1 24.3 24.4 30.5 14.9 1.4 30.4 3

 4 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 4

 5 Net purchases 9.0 14.6 22.3 35.3 46.0 43.1 45.2 63.7 67.7 74.9 5

 6 Household sector -5.2 2.4 -3.4 0.7 1.2 6.2 -4.1 -3.2 1.4 13.2 6

 7 Nonfinancial corporate business -0.5 -0.4 -0.2 0.1 -1.0 0.4 3.6 -2.5 0.9 1.1 7

 8 State and local governments 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world -0.1 0.6 2.7 1.3 0.5 2.5 1.6 -0.4 -0.0 1.2 10

11 Monetary authority 1.4 0.7 1.2 -0.1 0.3 0.5 0.4 -0.2 -0.3 -0.3 11

12 Commercial banking 1.7 1.6 1.1 6.7 7.9 9.7 9.8 7.0 1.1 -1.1 12

13 U.S.-chartered commercial banks 1.6 1.5 0.9 6.8 7.6 9.7 9.6 7.3 0.7 -1.2 13

14 Foreign banking offices in U.S. -0.3 -0.0 -0.1 0.2 0.0 -0.0 0.2 -0.0 0.1 -0.1 14

15 Bank holding companies 0.3 0.1 0.3 -0.3 0.4 0.0 -0.0 -0.3 0.4 0.2 15

16 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Savings institutions 6.1 3.4 7.1 5.6 5.0 10.3 7.6 31.6 36.2 16.8 17

18 Credit unions 0.8 0.5 0.4 -0.1 -1.0 0.7 0.3 0.9 1.7 -0.4 18

19 Property-casualty insurance companies 0.6 0.6 0.5 0.5 1.1 0.2 0.8 1.5 2.2 3.2 19

20 Life insurance companies 0.4 0.9 1.7 2.5 2.8 1.8 3.1 4.3 7.2 11.0 20

21 Private pension funds 1.2 0.6 2.4 0.2 3.9 5.8 1.9 11.8 6.9 5.7 21

22 State and local govt. retirement funds 0.7 1.6 2.7 4.4 1.4 3.7 5.2 10.1 4.9 4.1 22

23 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Money market mutual funds 0.0 0.0 0.0 0.6 3.4 0.7 5.6 1.6 1.4 3.5 24

25 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 3.8 25

26 Government-sponsored enterprises -0.0 0.0 -0.4 0.1 0.4 0.2 0.2 -0.1 -0.4 0.2 26

27 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 5.8 27

28 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 28

29 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 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, 1975-1984, March 11, 2010 37

F.211 Municipal Securities and Loans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 1

 2 State and local governments 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 2

 3 Short-term (1) -0.3 -4.1 -2.9 0.6 1.0 1.7 1.1 6.7 -1.5 -3.7 3

 4 Long-term 11.2 20.5 22.6 40.4 25.4 19.6 25.2 34.0 47.7 48.4 4

 5 Nonprofit organizations (2) 1.4 2.0 3.4 2.6 2.9 3.1 4.4 8.5 11.4 10.2 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 2.6 2.5 6.7 7.7 10.0 10.9 13.4 15.1 9.4 20.5 6

 7 Net change in assets 15.0 20.9 29.7 51.3 39.3 35.3 44.2 64.4 67.1 75.5 7

 8 Household sector 5.8 6.1 6.0 26.8 19.3 6.5 29.6 40.6 45.6 43.1 8

 9 Nonfinancial corporate business -1.0 -0.6 0.1 0.2 -0.2 4.9 1.2 1.6 6.1 4.2 9

10 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local governments 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 11

12 Rest of the world 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 12

13 Commercial banking 1.8 3.0 9.2 9.6 9.5 13.2 5.2 4.5 3.7 12.5 13

14 Savings institutions 1.6 0.6 0.4 0.6 -0.5 -0.5 0.0 -0.3 -0.2 -0.3 14

15 Property-casualty insurance companies 2.6 5.4 10.7 13.5 9.9 7.7 4.0 3.0 -0.3 -1.2 15

16 Life insurance companies 0.8 1.1 0.5 0.4 0.0 0.3 0.5 1.9 0.9 -1.3 16

17 State and local govt. retirement funds 1.0 1.4 0.2 0.4 -0.0 0.1 -0.2 -0.7 -1.1 -0.5 17

18 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 2.0 2.4 8.9 3.6 7.1 18

19 Mutual funds 0.0 0.5 1.6 0.5 1.4 0.4 0.7 2.9 5.5 5.7 19

20 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.5 22

23 Brokers and dealers -0.1 1.0 0.4 -0.2 0.3 0.3 0.5 1.6 1.8 4.5 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).

F.212 Corporate and Foreign Bonds

Billions of dollars

 1 Net issues 42.5 38.3 40.2 31.7 24.6 36.4 36.9 52.1 46.5 88.2 1

 2 Nonfinancial corporate business 27.2 22.8 22.9 21.1 17.3 27.7 24.8 30.7 26.0 48.1 2

 3 Rest of the world (1) 7.2 8.5 5.1 4.0 3.7 1.2 5.5 6.6 3.1 3.8 3

 4 Financial sectors 8.1 7.0 12.3 6.6 3.6 7.6 6.7 14.8 17.4 36.3 4

 5 Commercial banking 4.1 3.5 3.1 1.0 -0.2 1.3 3.7 6.3 9.7 13.5 5

 6 Savings institutions 0.1 0.1 1.2 0.7 1.4 0.4 -0.5 0.4 0.1 1.9 6

 7 ABS issuers (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 7.8 7

 8 Finance companies 4.9 3.5 8.1 5.1 2.4 5.9 3.4 8.1 4.0 9.6 8

 9 REITs -1.0 -0.2 -0.1 -0.2 -0.0 0.0 0.1 -0.0 0.0 2.1 9

10 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.7 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.7 11

12 Net purchases 42.5 38.3 40.2 31.7 24.6 36.4 36.9 52.1 46.5 88.2 12

13 Household sector 9.9 8.4 3.5 -6.5 -5.6 -13.5 1.8 -2.8 2.2 -8.3 13

14 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 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) 0.8 1.2 4.1 1.8 2.7 9.0 10.7 15.2 6.2 15.6 16

17 Commercial banking 2.9 -0.3 0.9 -1.2 1.1 1.1 -0.1 0.7 5.2 5.6 17

18 Savings institutions 2.3 5.5 -1.1 2.4 -1.9 5.9 -3.3 6.7 11.7 11.4 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 2.2 3.9 3.7 1.8 2.0 0.0 2.8 -0.5 -4.2 4.1 20

21 Life insurance companies 9.1 16.9 18.8 17.3 11.6 8.7 7.3 16.2 16.7 23.7 21

22 Private pension funds 6.9 -1.7 4.3 8.4 10.7 14.0 5.6 11.9 12.7 15.5 22

23 State and local govt. retirement funds 6.4 4.7 5.6 8.8 2.9 9.2 8.6 1.8 -9.6 9.6 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.1 0.5 -0.3 -0.1 0.4 25

26 Mutual funds 0.7 0.3 1.1 -0.7 0.8 1.3 1.6 0.2 2.7 1.3 26

27 Closed-end funds 0.1 0.2 -0.5 0.3 0.0 0.0 -0.0 0.4 -0.2 -0.4 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 0.0 0.0 29

30 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 30

31 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Brokers and dealers 1.2 -0.9 0.1 -0.7 0.1 0.4 1.4 2.5 2.0 5.7 32

33 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1975-1984, March 11, 2010

F.213 Corporate Equities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net issues 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 1

 2 Nonfinancial corporate business 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 2

 3 Rest of the world (2) -0.9 0.4 0.4 -0.4 1.0 2.4 0.2 1.4 3.7 0.9 3

 4 Financial sectors -1.1 1.9 2.4 4.4 3.2 1.5 3.3 4.7 3.5 6.2 4

 5 Commercial banking 1.0 1.6 0.6 1.1 1.3 0.4 0.5 0.6 0.8 1.1 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 1.0 0.9 1.4 0.8 0.9 1.2 1.1 2.8 1.5 3.9 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Closed-end funds -1.8 -0.8 -1.4 0.5 -0.8 -1.2 -0.5 -0.2 -0.8 -1.0 9

10 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 REITs -1.6 -0.3 1.3 0.9 1.0 1.0 0.9 0.4 0.6 0.3 11

12 Government-sponsored enterprises 0.1 0.2 0.5 0.9 0.9 -0.2 0.5 0.3 0.4 0.7 12

13 Brokers and dealers 0.3 0.3 0.1 0.1 -0.1 0.4 0.8 0.7 1.0 1.1 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 7.9 12.8 5.5 3.9 -3.6 14.3 -9.9 7.9 27.2 -71.9 15

16 Household sector -4.5 4.2 -6.2 -10.3 -22.4 -12.6 -43.5 -33.0 -28.9 -72.0 16

17 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Rest of the world (4) 3.1 0.9 1.3 1.3 1.0 4.2 4.8 3.7 5.0 -3.4 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 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 0.0 0.0 -0.1 21

22 Savings institutions 0.2 0.1 0.4 0.1 -0.1 -0.5 -0.6 -0.5 0.3 -0.2 22

23 Property-casualty insurance companies -0.7 0.9 1.2 2.0 3.2 3.1 2.0 2.7 2.1 -4.3 23

24 Life insurance companies 2.1 3.1 1.1 -0.1 0.4 0.4 2.4 2.4 3.4 0.3 24

25 Private pension funds 7.5 6.3 8.1 9.8 13.3 17.3 18.3 22.9 7.9 -3.9 25

26 State and local govt. retirement funds 2.4 3.1 3.7 2.6 4.1 5.3 7.1 6.0 20.0 7.3 26

27 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Mutual funds -0.9 -2.4 -3.7 -1.6 -2.8 -1.8 -0.6 3.5 13.7 5.9 28

29 Closed-end funds -1.9 -1.0 -0.7 0.2 -0.8 -1.2 -0.4 -0.7 -0.6 -0.5 29

30 Exchange-traded funds 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 0.7 -2.4 0.4 0.0 0.4 0.1 0.5 0.9 4.3 -1.0 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 -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 1

 2 Net purchases -0.4 -2.5 0.2 -0.9 -0.8 1.2 2.4 8.5 24.0 23.1 2

 3 Household sector -0.7 -2.9 -0.1 -0.2 -2.2 -0.6 4.5 3.5 22.7 18.7 3

 4 Nonfinancial corporate business -0.1 -0.0 -0.1 -0.2 0.4 0.3 0.3 1.1 1.2 2.8 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Commercial banking 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Life insurance companies -0.1 -0.1 0.1 0.0 0.1 0.1 0.5 1.0 -0.4 0.5 10

11 Private pension funds 0.5 0.5 0.3 -0.5 0.9 1.4 -2.8 2.9 0.4 1.1 11

12 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 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, 1975-1984, March 11, 2010 39

F.215 Bank Loans Not Elsewhere Classified

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Total loans by commercial

 1 banking, flow of funds basis -4.3 46.0 81.2 117.4 103.8 61.5 86.3 84.8 83.4 156.9 1

 - Loans elsewhere classified:

 2 Open market paper 3.4 3.2 0.2 -1.2 2.1 1.7 0.7 0.3 0.5 -1.8 2

 3 Mortgages 3.8 15.1 27.4 35.1 30.6 17.5 21.6 16.0 29.2 46.5 3

 4 Consumer credit 3.1 12.0 22.3 26.2 19.2 -5.5 4.0 6.7 22.7 45.2 4

 5 Security credit 0.9 6.6 2.2 -2.9 -0.9 0.8 5.3 0.0 2.4 5.8 5

 6 = Banking sector total bank loans n.e.c. -15.5 9.0 29.2 60.2 52.7 47.1 54.7 61.8 28.4 61.2 6

 7 U.S.-chartered commercial banks -15.2 3.3 24.4 41.3 39.3 31.7 46.6 47.9 27.3 54.1 7

 8 Foreign banking offices in U.S. 1.2 3.5 4.7 18.1 13.2 15.5 5.8 12.2 -0.4 5.7 8

 9 Bank holding companies -1.5 2.2 0.0 0.8 0.3 -0.5 1.5 -1.0 -0.3 0.1 9

10 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.4 0.8 2.7 1.8 1.3 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. -15.5 9.0 29.2 60.2 52.7 47.1 54.7 61.8 28.4 61.2 12

13 Net change in liabilities -15.5 9.0 29.2 60.2 52.7 47.1 54.7 61.8 28.4 61.2 13

14 Nonfinancial sectors -2.0 11.2 26.8 55.7 49.1 46.3 52.7 59.3 25.9 55.5 14

15 Household sector 6.4 -0.8 0.2 1.3 0.0 3.0 5.6 1.8 0.5 -6.0 15

16 Corporate business -15.9 -0.4 15.0 20.4 30.1 28.6 32.4 69.3 19.4 50.2 16

17 Nonfarm noncorporate business 1.7 2.7 6.0 13.3 13.2 2.5 10.2 -9.5 -0.5 16.8 17

18 Farm business 2.0 3.0 2.5 2.5 2.8 0.5 1.4 3.2 2.8 1.0 18

19 Rest of the world 3.9 6.8 3.1 18.3 3.1 11.8 3.0 -5.5 3.6 -6.6 19

20 Foreign official institutions 0.3 0.9 0.1 2.1 2.1 4.5 0.8 -0.0 3.0 -0.9 20

21 Foreign banks 1.1 4.2 2.7 9.5 -4.1 4.7 -4.5 0.7 -0.9 -3.1 21

22 Other foreign 2.5 1.7 0.3 6.6 5.0 2.6 6.7 -6.2 1.5 -2.6 22

23 Financial sectors -13.5 -2.3 2.4 4.5 3.6 0.8 2.1 2.5 2.5 5.7 23

24 Savings institutions -0.3 -0.4 0.4 1.9 -0.4 -0.0 0.3 -0.1 0.3 2.5 24

25 Finance companies -8.9 0.0 3.5 3.3 4.4 0.9 1.9 2.6 2.4 3.2 25

26 REITs -4.3 -1.9 -1.5 -0.7 -0.3 -0.2 -0.1 0.0 -0.2 0.1 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, 1975-1984, March 11, 2010

F.216 Other Loans and Advances

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total other loans and advances 10.2 22.1 30.7 41.3 52.4 46.5 78.1 32.0 35.3 88.9 1

 2 U.S. government loans 6.9 7.5 5.8 12.8 12.4 16.1 19.0 13.6 8.5 16.7 2

 3 Liab.: Household sector 0.5 0.5 0.5 0.8 1.1 1.0 1.5 1.6 0.8 0.6 3

 4 Nonfinancial corporate business 0.2 0.2 -0.0 1.7 1.2 1.5 1.2 1.3 -0.5 1.2 4

 5 Nonfarm noncorporate business 1.5 1.8 1.9 4.1 3.0 4.2 5.6 4.6 2.7 2.0 5

 6 Farm business 0.8 0.1 1.3 3.5 3.4 2.6 3.4 0.2 0.0 1.1 6

 7 State and local governments 0.2 2.0 0.2 -1.6 0.2 0.9 1.2 1.0 1.1 7.7 7

 8 Rest of the world 2.8 3.3 3.0 3.9 2.9 4.7 4.2 4.5 4.3 4.0 8

 9 Government-sponsored enterprises 0.9 -0.4 -1.1 0.4 0.6 1.2 1.9 0.4 0.0 0.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Foreign loans to U.S. corporate business 0.1 0.2 0.2 0.3 2.0 1.6 10.9 4.7 5.7 22.8 12

13 Liab.: Nonfinancial corporate business 0.1 0.2 0.2 0.3 2.0 1.6 10.9 4.7 5.7 22.8 13

 Customers liability on acceptances

14 outstanding (Commercial banking asset) 0.2 3.8 3.1 -0.7 7.5 7.3 11.3 7.7 6.9 3.8 14

15 Liab.: Nonfinancial corporate business 0.3 2.6 1.3 2.5 3.9 3.2 4.4 -0.8 7.0 2.8 15

16 Rest of the world -0.1 1.2 1.9 -3.2 3.6 4.1 6.9 8.5 -0.1 1.0 16

17 Savings institution loans to business 0.1 0.4 -0.0 0.2 1.1 0.5 1.2 1.8 6.0 9.0 17

18 Liab.: Nonfinancial corporate business 0.0 0.2 -0.0 0.1 0.5 0.2 0.6 0.9 3.0 4.5 18

19 Nonfarm noncorporate business 0.0 0.2 -0.0 0.1 0.5 0.2 0.6 0.9 3.0 4.5 19

20 Credit unions loans to business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Policy loans (Household liability) 1.6 1.4 1.7 2.6 4.7 6.7 7.4 4.2 1.1 0.4 23

24 Asset: Federal government 0.0 0.0 0.0 0.0 0.0 0.1 0.1 -0.0 -0.0 -0.0 24

25 Life insurance companies 1.6 1.4 1.7 2.6 4.7 6.6 7.3 4.3 1.1 0.4 25

26 Govt.-sponsored enterprises loans (1) -2.4 0.3 6.4 14.6 14.6 10.4 17.7 -0.8 -4.9 14.8 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 27

28 Noncorporate business (FCS) 0.4 1.0 0.6 0.7 2.1 1.5 -0.3 -0.8 0.9 -0.4 28

29 Farm business (FCS) 1.1 1.3 1.4 1.5 3.3 1.9 1.8 -0.8 -1.3 -1.2 29

30 Commercial banks (FHLB and SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 0.5 30

31 Savings institutions (FHLB and SLMA) -4.0 -2.0 4.3 12.5 9.2 7.1 16.2 0.8 -6.4 15.9 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Finance company loans to business 3.7 8.6 13.5 11.5 10.1 3.9 10.6 0.7 12.0 21.6 36

37 Liab.: Nonfinancial corporate business 3.3 7.7 12.1 10.3 9.1 3.5 9.6 0.7 10.8 19.4 37

38 Nonfarm noncorporate business 0.4 0.9 1.3 1.1 1.0 0.4 1.1 0.1 1.2 2.2 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, 1975-1984, March 11, 2010 41

F.217 Total Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in mortgages 55.3 84.2 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.2 1

 2 Home 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 2

 3 Multifamily residential 0.0 5.2 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.2 3

 4 Commercial 11.6 12.9 18.7 21.2 24.8 20.5 40.0 36.0 55.7 78.6 4

 5 Farm 4.9 5.5 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.2 5

 6 Net borrowing 55.3 84.2 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.2 6

 7 Household sector 39.2 58.1 86.5 106.3 117.8 91.2 67.7 48.9 113.5 132.0 7

 8 Nonfinancial business 16.3 25.7 42.1 45.1 46.8 40.2 54.5 51.2 75.8 105.8 8

 9 Corporate 3.0 6.2 13.5 12.0 -0.0 -10.9 11.4 -10.4 10.0 13.7 9

10 Nonfarm noncorporate 8.4 14.0 20.1 24.3 32.9 40.3 33.3 57.5 63.4 93.4 10

11 Farm 4.9 5.5 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.2 11

12 Federal government -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 12

13 REITs -0.1 0.5 -0.2 0.2 -0.0 -0.0 0.0 0.1 0.0 0.4 13

14 Net change in assets 55.3 84.2 128.4 151.5 164.5 131.2 122.1 100.1 189.3 238.2 14

15 Household sector 7.4 1.7 2.5 7.6 9.3 6.5 15.1 17.3 0.0 0.9 15

16 Nonfinancial corporate business -0.1 0.7 3.2 2.0 3.3 8.6 8.5 2.3 1.8 11.4 16

17 Nonfarm noncorporate business -0.1 0.9 1.4 2.6 2.9 1.2 8.1 4.6 4.3 10.0 17

18 State and local governments 1.6 1.3 0.6 2.5 6.5 9.8 7.7 5.2 7.9 10.2 18

19 Federal government 6.5 0.4 4.2 4.2 6.6 7.5 4.9 2.4 1.2 0.5 19

20 Commercial banking 3.8 15.1 27.4 35.1 30.6 17.5 21.6 16.0 29.2 46.5 20

21 Savings institutions (1) 29.7 47.1 61.6 57.2 47.6 28.9 17.3 -24.3 50.9 84.7 21

22 Credit unions 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 22

23 Property-casualty insurance companies 0.1 0.1 0.1 0.0 0.3 0.3 0.4 0.3 0.7 0.4 23

24 Life insurance companies 2.9 2.4 5.3 9.3 12.3 12.7 6.7 4.2 9.0 5.7 24

25 Private pension funds 0.0 0.0 0.1 0.2 0.4 0.4 0.3 3.9 2.4 -0.4 25

26 State and local govt. retirement funds -0.2 0.2 0.3 0.5 1.0 1.3 1.6 1.3 0.9 0.6 26

27 Government-sponsored enterprises (1) 5.4 3.0 3.5 12.2 14.4 14.2 12.6 14.1 10.4 11.9 27

28 Agency- and GSE-backed mortgage pools 7.1 12.2 16.1 13.6 23.1 19.2 15.0 49.5 66.3 44.5 28

29 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 29

30 Finance companies -0.2 1.3 3.1 4.9 5.8 1.9 3.2 4.1 2.7 5.4 30

31 REITs -9.0 -2.5 -1.2 -0.3 -0.1 -0.2 -0.1 0.2 -0.1 0.8 31

(1) FHLB loans to savings institutions are included in other loans and advances.
42 FFA, 1975-1984, March 11, 2010

F.218 Home Mortgages (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net borrowing 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 1

 2 Household sector 39.7 57.6 85.9 105.7 116.5 90.2 67.0 47.4 105.1 127.3 2

 3 Nonfinancial corporate business -0.2 0.6 1.4 1.0 -0.1 0.1 -0.3 0.2 1.4 1.3 3

 4 Nonfarm noncorporate business -0.7 2.4 5.4 3.9 -0.4 2.3 0.9 6.8 9.5 7.1 4

 5 Net change in assets 38.8 60.7 92.7 110.6 115.9 92.6 67.6 54.5 116.0 135.6 5

 6 Household sector 2.7 2.0 1.0 6.0 6.4 5.2 17.5 19.9 -5.5 5.7 6

 7 Nonfinancial corporate business -0.5 -0.9 1.3 0.4 1.2 7.4 -5.9 -5.4 2.1 -4.5 7

 8 Nonfarm noncorporate business 0.0 0.4 0.4 0.9 0.7 0.4 2.8 2.0 1.6 3.3 8

 9 State and local governments 0.8 0.8 0.2 2.0 4.7 7.9 5.8 3.0 5.2 5.4 9

10 Federal government 4.1 -0.7 2.5 1.9 2.3 2.7 2.4 1.5 0.7 0.6 10

11 Commercial banking 2.1 9.2 18.9 24.0 19.5 10.1 8.7 2.0 8.7 14.0 11

12 Savings institutions 21.8 38.2 51.8 49.4 42.1 27.3 16.1 -30.7 27.2 48.7 12

13 Credit unions 0.5 0.5 0.3 -0.3 0.6 1.5 -1.0 -1.0 1.7 3.2 13

14 Life insurance companies -1.4 -1.5 -1.3 -0.3 1.7 1.8 -0.7 -0.5 -1.4 -1.2 14

15 Private pension funds -0.2 -0.1 0.0 0.2 0.3 0.2 0.1 0.9 -0.5 0.9 15

16 State and local govt. retirement funds -0.4 -0.0 0.1 -0.1 0.3 0.4 0.3 0.1 -0.0 -0.1 16

17 Government-sponsored enterprises 2.5 0.5 0.5 9.0 9.2 7.6 5.1 10.3 9.4 10.7 17

18 Agency- and GSE-backed mortgage pools 7.3 11.9 15.7 12.4 21.8 18.7 14.3 49.3 65.1 43.5 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.0 19

20 Finance companies 0.5 0.7 1.6 5.1 5.2 1.2 2.1 3.2 1.8 3.3 20

21 REITs -1.0 -0.2 -0.1 -0.1 -0.1 -0.0 0.0 -0.0 -0.1 0.0 21

 Memo:

22 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 22

23 Commercial banking ND ND ND ND ND ND ND ND ND ND 23

24 Savings institutions ND ND ND ND ND ND ND ND ND ND 24

25 Credit unions ND ND ND ND ND ND ND ND ND ND 25

26 ABS issuers ND ND ND ND ND ND ND ND ND ND 26

27 Finance companies 0.9 0.2 1.3 2.5 2.5 2.2 1.9 0.9 1.0 1.9 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 0.0 5.2 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.2 1

 2 Nonfinancial corporate business 0.1 0.2 0.3 0.4 0.5 0.4 0.4 0.3 0.5 0.5 2

 3 Nonfarm noncorporate business -0.0 4.9 8.3 10.5 9.5 7.2 4.5 5.2 14.9 24.7 3

 4 Federal government -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 4

 5 REITs -0.0 0.2 -0.1 0.0 -0.0 -0.0 0.0 0.0 0.0 0.1 5

 6 Net change in assets 0.0 5.2 8.4 10.8 9.8 7.5 4.8 5.4 15.2 25.2 6

 7 Household sector 1.3 -0.9 -0.7 -0.5 -0.4 -0.3 -0.6 1.1 3.7 -0.4 7

 8 Nonfinancial corporate business 0.1 1.3 1.7 1.7 1.8 1.0 -1.3 -1.7 -2.2 0.6 8

 9 Nonfarm noncorporate business -0.1 0.2 0.3 0.6 0.5 0.2 1.6 1.0 1.1 2.0 9

10 State and local governments 0.7 0.3 0.3 0.4 1.4 1.5 1.2 1.4 2.4 4.5 10

11 Federal government 1.2 0.2 0.3 0.9 1.1 1.9 1.0 -0.3 -0.3 -0.7 11

12 Commercial banking -1.7 2.2 1.1 1.1 0.9 1.7 2.0 1.4 1.9 2.1 12

13 Savings institutions 2.6 3.3 4.9 4.3 2.1 0.0 -0.7 1.6 7.0 14.4 13

14 Life insurance companies 0.0 -0.5 -0.4 0.2 0.2 0.3 -0.2 -0.4 0.3 -0.2 14

15 Private pension funds 0.0 0.0 0.0 -0.1 0.0 -0.2 -0.0 0.1 0.0 0.3 15

16 State and local govt. retirement funds 0.2 -0.0 -0.2 0.6 0.6 0.5 0.9 0.6 0.6 0.1 16

17 Government-sponsored enterprises 0.2 -0.1 0.1 -0.0 0.2 0.2 -0.1 -0.1 -0.1 0.9 17

18 Agency- and GSE-backed mortgage pools 0.4 0.5 0.9 1.5 1.2 0.7 0.9 0.4 1.2 1.1 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies -0.8 -0.3 0.3 0.3 0.2 0.2 0.0 0.2 -0.3 0.2 20

21 REITs -4.2 -1.1 -0.4 -0.2 -0.0 -0.1 -0.1 0.1 0.0 0.4 21
FFA, 1975-1984, March 11, 2010 43

F.220 Commercial Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net borrowing 11.6 12.9 18.7 21.2 24.8 20.5 40.0 36.0 55.7 78.6 1

 2 Household sector -0.5 0.5 0.6 0.6 1.3 0.9 0.7 1.5 8.4 4.8 2

 3 Nonfinancial corporate business 3.0 5.4 11.8 10.7 -0.4 -11.3 11.3 -10.9 8.2 11.9 3

 4 Nonfarm noncorporate business 9.1 6.6 6.4 9.9 23.8 30.9 28.0 45.4 39.1 61.6 4

 5 REITs -0.0 0.3 -0.1 0.1 -0.0 -0.0 0.0 0.1 0.0 0.3 5

 6 Net change in assets 11.6 12.9 18.7 21.2 24.8 20.5 40.0 36.0 55.7 78.6 6

 7 Household sector 1.8 -0.9 -0.5 -0.4 -1.2 -0.1 -3.2 -3.7 1.8 -1.3 7

 8 Nonfinancial corporate business 0.3 0.3 0.3 -0.2 0.2 0.1 15.7 9.4 1.9 15.3 8

 9 Nonfarm noncorporate business -0.1 0.3 0.6 1.2 1.6 0.6 3.5 1.5 1.8 4.4 9

10 State and local governments 0.0 0.0 0.0 0.0 0.2 0.2 0.5 0.9 0.4 0.3 10

11 Federal government 0.5 0.4 0.6 0.6 0.8 1.2 1.0 0.7 0.4 0.0 11

12 Commercial banking 3.1 3.5 6.3 9.3 10.2 5.8 11.0 12.5 17.7 29.7 12

13 Savings institutions 5.3 5.6 4.9 3.5 3.3 1.6 1.9 4.9 16.6 21.3 13

14 Property-casualty insurance companies 0.1 0.1 0.1 0.0 0.3 0.3 0.4 0.3 0.7 0.4 14

15 Life insurance companies 3.9 3.7 5.6 7.8 8.7 9.7 7.5 5.4 10.3 7.3 15

16 Private pension funds 0.1 0.1 0.1 0.0 0.1 0.4 0.3 2.8 2.8 -1.6 16

17 State and local govt. retirement funds 0.3 0.2 0.4 0.1 0.2 0.3 0.4 0.5 0.3 0.6 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies 0.1 1.0 1.1 -0.5 0.4 0.5 1.1 0.8 1.2 1.9 20

21 REITs -3.9 -1.3 -0.7 -0.1 -0.1 -0.1 -0.0 0.1 -0.1 0.4 21

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing (Farm business) 4.9 5.5 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.2 1

 2 Net change in assets 4.9 5.5 8.5 8.8 14.0 10.7 9.7 4.1 2.4 -1.2 2

 3 Household sector 1.6 1.5 2.7 2.5 4.5 1.7 1.4 -0.0 0.0 -3.2 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 -0.1 0.3 4

 5 State and local governments 0.0 0.1 0.0 0.1 0.2 0.3 0.1 -0.0 -0.0 0.0 5

 6 Federal government 0.7 0.6 0.8 0.8 2.3 1.8 0.6 0.5 0.4 0.5 6

 7 Commercial banking 0.3 0.4 1.0 0.7 0.1 -0.0 -0.2 0.1 1.0 0.8 7

 8 Savings institutions -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 -0.0 0.1 0.3 8

 9 Life insurance companies 0.4 0.7 1.4 1.6 1.6 0.8 0.1 -0.3 -0.1 -0.3 9

10 State and local govt. retirement funds -0.2 -0.0 0.0 -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 10

11 Government-sponsored enterprises 2.6 2.5 3.0 3.2 5.1 6.4 7.7 3.9 1.1 0.3 11

12 Agency- and GSE-backed mortgage pools -0.6 -0.2 -0.5 -0.3 0.1 -0.2 -0.1 -0.2 -0.0 -0.0 12

(1) Excludes mortgages on farm houses.
44 FFA, 1975-1984, March 11, 2010

F.222 Consumer Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities (Households) 7.8 22.0 35.5 46.4 43.3 3.4 19.8 18.8 48.2 81.7 1

 2 Net change in assets 7.8 22.0 35.5 46.4 43.3 3.4 19.8 18.8 48.2 81.7 2

 3 Nonfinancial corporate business 0.9 2.3 0.9 2.1 1.8 1.1 0.9 0.5 4.6 3.0 3

 4 Nonfarm noncorporate business -0.4 -0.2 -0.5 -0.5 -0.6 -0.7 -0.1 -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 0.0 0.0 5

 6 Commercial banking 3.1 12.0 22.3 26.2 19.2 -5.5 4.0 6.7 22.7 45.2 6

 7 Savings institutions 1.0 0.7 0.9 1.3 6.9 2.7 1.3 2.6 4.9 12.7 7

 8 Credit unions 3.8 5.5 6.4 7.6 2.2 -3.3 2.7 2.1 7.3 11.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.1 0.4 0.6 1.1 2.2 1.6 -1.8 1.0 9

10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Finance companies -0.6 1.6 5.4 9.3 13.2 8.1 8.9 5.4 10.4 8.0 11

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 16.6 31.5 43.9 54.5 75.7 51.2 41.2 22.8 23.6 57.3 1

 2 Household sector 0.5 0.2 0.4 0.8 0.7 1.2 1.0 0.8 2.4 3.1 2

 3 Nonfinancial corporate business 9.6 18.8 31.9 40.8 55.6 29.1 26.9 10.7 7.8 34.7 3

 4 Nonfarm noncorporate business 0.4 1.7 1.6 1.7 6.2 4.7 5.1 3.8 0.5 5.7 4

 5 Farm business 1.0 1.4 2.2 2.0 2.3 1.1 1.0 0.7 -0.6 -0.9 5

 6 State and local governments 3.8 4.0 4.2 4.7 5.2 5.8 6.3 6.6 7.0 7.8 6

 7 Federal government 0.7 5.1 3.2 4.4 3.4 3.4 1.6 4.8 5.0 7.1 7

 8 Rest of the world 0.7 0.3 0.5 0.0 2.2 5.4 -1.1 -5.2 -1.1 -0.6 8

 9 Brokers and dealers 0.1 0.1 0.1 0.1 0.2 0.4 0.4 0.5 2.5 0.4 9

10 Net change in trade receivables 23.5 39.7 52.8 78.5 87.2 70.5 55.9 11.8 71.6 87.1 10

11 Nonfinancial corporate business 17.2 31.0 44.0 60.9 72.4 49.7 44.8 -5.0 57.4 67.6 11

12 Nonfarm noncorporate business 1.3 1.3 4.1 6.0 4.1 2.3 4.5 8.0 7.4 6.9 12

13 State and local governments 1.4 1.7 2.3 3.3 3.9 2.8 2.3 1.3 1.5 3.1 13

14 Federal government 1.2 0.5 -0.8 2.7 2.4 3.8 2.5 4.8 3.8 5.1 14

15 Rest of the world 1.8 4.0 1.9 4.1 2.4 10.0 -0.9 0.6 -1.1 0.8 15

16 Property-casualty insurance companies 0.6 1.2 1.3 1.5 1.9 2.0 2.6 2.1 2.0 2.8 16

17 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.9 17

18 Discrepancy -6.9 -8.2 -8.9 -24.1 -11.4 -19.3 -14.7 10.9 -48.0 -29.9 18

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 2.6 11.4 4.3 2.5 1.3 13.9 2.1 5.9 13.6 4.5 1

 2 Household sector 0.9 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 2

 3 Rest of the world 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 1.6 7.5 2.2 -0.1 1.0 6.7 3.8 3.1 5.2 6.8 4

 5 Customer credit balances (HH) 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 5

 6 From U.S.-chartered commercial banks 1.0 6.2 1.8 -3.0 -0.8 1.2 4.7 0.5 2.0 4.7 6

 7 From foreign banking offices in U.S. -0.1 0.4 0.5 0.1 -0.0 -0.4 0.6 -0.5 0.5 1.1 7

 8 Net change in assets 2.6 11.4 4.3 2.5 1.3 13.9 2.1 5.9 13.6 4.5 8

 9 Household sector 0.6 0.9 0.0 2.8 1.8 5.9 -1.5 3.1 2.7 1.0 9

10 Rest of the world 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 0.9 6.6 2.2 -2.9 -0.9 0.8 5.3 0.0 2.4 5.8 11

12 Brokers and dealers 1.0 3.9 2.0 2.6 0.3 7.3 -1.7 2.8 8.4 -2.3 12
FFA, 1975-1984, March 11, 2010 45

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Life insurance reserves:

 1 Net change in liabilities 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 1

 2 Federal government 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 2

 3 Life insurance companies 7.9 8.6 9.3 10.9 10.4 9.7 8.9 7.0 7.8 5.0 3

 4 Net change in assets (Households) 10.2 9.2 10.0 11.6 10.9 10.3 9.6 7.8 8.8 6.1 4

 Pension fund reserves:

 5 Net change in liabilities 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 5

 6 Life insurance companies 8.7 15.0 16.8 19.1 19.4 22.3 29.5 39.7 32.7 48.9 6

 7 Private pension funds (1) 40.3 19.5 32.0 36.7 49.6 60.0 49.6 87.1 83.2 48.3 7

 8 State and local govt. retirement funds 10.9 12.5 15.5 20.5 16.0 26.3 29.1 30.5 32.6 46.9 8

 9 Federal government retirement funds (2) 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 9

10 Net change in assets (Households) (3) 63.5 51.6 70.9 83.3 93.0 117.6 118.2 169.3 163.0 162.6 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 -1.4 7.2 3.4 7.0 9.9 5.6 -6.3 -2.4 4.7 4.5 1

 businesses

 2 Nonfinancial corporate business -2.2 5.5 1.3 4.9 6.9 2.9 -4.0 -4.3 3.1 3.5 2

 3 Nonfarm noncorporate business 1.1 1.2 1.1 1.1 2.8 2.5 -1.6 1.5 1.8 1.1 3

 4 U.S.-chartered commercial banks (net) -0.3 0.0 0.2 0.1 0.5 -0.5 -0.4 -0.1 -0.1 0.0 4

 5 Savings institutions 0.1 0.2 0.2 0.2 -0.2 0.0 0.0 0.0 0.0 -0.2 5

 6 Property-casualty insurance companies (net) 0.0 0.1 0.1 0.1 -0.0 0.1 -0.0 0.1 -0.0 0.0 6

 7 Life insurance companies (net) -0.1 0.1 0.4 0.3 0.0 0.4 -0.1 0.2 -0.1 0.1 7

 8 Finance companies 0.0 0.0 0.1 0.1 -0.1 -0.1 -0.1 -0.1 0.1 -0.0 8

 9 Brokers and dealers 0.0 0.1 -0.1 0.1 0.0 0.3 -0.2 0.3 -0.2 -0.1 9

10 Net change in business taxes receivable -0.3 7.7 0.7 4.1 2.5 -1.8 -13.9 -10.0 8.1 -0.6 10

11 State and local governments 1.6 1.4 1.7 1.4 2.8 3.0 -1.9 1.5 2.7 1.0 11

12 Federal government -1.9 6.3 -1.0 2.7 -0.4 -4.8 -12.0 -11.5 5.4 -1.5 12

13 Discrepancy -1.1 -0.5 2.7 2.9 7.4 7.4 7.6 7.6 -3.4 5.0 13

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment -10.4 -13.0 -6.8 -14.3 -27.5 -41.9 10.4 -54.8 -51.7 -59.1 1

 2 Nonfarm noncorporate business -9.4 -6.3 -1.6 -4.3 -14.2 -22.8 16.7 -50.2 -28.9 -61.6 2

 3 Farm business -1.7 -7.2 -5.4 -10.4 -14.4 -19.6 -6.4 -5.0 -23.2 2.6 3

 4 Brokers and dealers 0.6 0.4 0.1 0.4 1.0 0.6 0.1 0.5 0.3 -0.0 4
46 FFA, 1975-1984, March 11, 2010

F.228 Total Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 74.6 86.4 95.6 176.6 217.4 194.3 235.1 205.4 199.1 289.2 1

 2 Household sector 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 2

 3 Nonfinancial corporate business 24.8 24.2 36.9 72.6 119.3 109.2 149.5 46.5 34.9 154.8 3

 4 Nonfarm noncorporate business 3.0 1.3 -0.1 3.4 7.4 8.0 0.2 29.8 13.9 10.6 4

 5 Federal government 3.0 5.5 5.7 6.8 6.7 7.0 11.0 12.2 16.6 23.4 5

 6 Rest of the world 13.4 15.2 8.5 31.0 30.2 11.0 2.3 52.5 10.2 15.2 6

 7 Monetary authority -0.3 0.1 0.2 1.1 1.0 -1.0 0.6 -0.0 -0.1 0.5 7

 8 Commercial banking 16.5 12.1 16.8 21.2 10.0 17.0 38.3 22.6 29.8 36.4 8

 9 Savings institutions 3.2 4.1 6.0 0.4 3.3 1.4 0.2 15.8 19.4 15.7 9

10 Credit unions -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 10

11 Property-casualty insurance companies 6.4 10.6 12.7 14.4 15.5 13.9 12.0 11.1 12.7 14.6 11

12 Life insurance companies 3.3 3.9 4.6 4.8 5.3 3.0 7.8 6.8 9.3 14.6 12

13 Government-sponsored enterprises 1.7 2.0 1.3 4.5 5.7 3.6 4.7 5.9 -0.2 10.2 13

14 Finance companies 2.5 3.9 2.0 10.7 10.4 6.0 9.6 7.4 9.6 7.0 14

15 REITs -1.7 0.1 -0.1 0.2 -0.0 0.1 -0.1 0.1 0.0 0.2 15

16 Brokers and dealers -1.7 2.9 -0.7 3.3 1.1 3.0 1.1 -6.2 13.1 2.2 16

17 Funding corporations -0.1 0.1 0.4 1.1 0.1 9.4 -4.0 1.1 29.6 -15.9 17

18 Net change in assets 19.3 57.7 105.0 139.1 134.3 131.3 224.6 172.5 137.3 291.4 18

19 Household sector 4.0 5.9 7.4 7.1 7.8 7.2 8.0 8.7 16.4 2.9 19

20 Nonfinancial corporate business -16.0 14.2 59.0 54.5 71.1 53.8 146.4 69.9 31.3 166.7 20

21 Nonfarm noncorporate business 0.2 3.3 4.4 4.4 4.7 3.6 14.2 -8.5 1.3 1.7 21

22 Farm business 0.9 1.5 1.7 2.0 1.9 1.9 1.7 1.7 1.1 0.1 22

23 State and local governments -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 23

24 Federal government 0.7 1.0 0.7 0.8 0.8 0.5 0.9 1.6 0.7 1.5 24

25 Rest of the world 0.4 11.3 -1.2 13.5 11.7 12.4 11.8 -3.3 7.0 23.8 25

26 Monetary authority -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 26

27 Commercial banking 10.4 3.3 9.1 21.7 6.6 13.9 23.2 45.4 14.8 25.3 27

28 Savings institutions 4.0 5.1 5.6 5.8 1.8 4.5 6.2 24.4 12.5 30.2 28

29 Credit unions -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.4 29

30 Property-casualty insurance companies 0.7 0.9 1.2 0.7 0.9 1.0 1.1 0.7 0.7 0.5 30

31 Life insurance companies 1.7 1.5 2.3 2.1 2.9 2.7 3.6 7.1 8.0 6.8 31

32 Private pension funds 11.7 3.5 8.8 11.0 7.5 5.5 -1.1 4.0 17.2 3.1 32

33 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 33

34 Federal government retirement funds 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 34

35 Money market mutual funds 0.0 0.0 -0.1 0.5 0.4 0.1 1.0 -0.6 -0.2 0.8 35

36 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Government-sponsored enterprises 1.0 -0.5 1.0 0.4 0.4 1.3 0.6 0.9 1.1 3.1 37

38 Finance companies -4.1 -0.7 0.6 2.4 2.6 0.0 1.8 2.4 0.5 -1.7 38

39 REITs -0.1 -0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.2 0.7 39

40 Brokers and dealers 0.5 3.3 -1.4 3.4 2.1 1.9 1.4 2.9 6.0 2.4 40

41 Funding corporations 0.0 0.0 0.0 0.0 0.0 9.0 -5.7 3.4 3.2 1.2 41

42 Discrepancy 55.3 28.7 -9.4 37.5 83.1 62.9 10.6 32.9 61.8 -2.2 42
FFA, 1975-1984, March 11, 2010 47

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 14.2 11.9 11.8 15.7 26.8 22.9 15.5 18.2 18.0 20.3 1

 2 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.7 7.2 2.4 2

 3 Reinvested earnings 14.2 11.9 11.9 16.1 25.2 19.2 9.6 8.3 16.7 21.0 3

 4 Intercompany accounts 0.0 0.0 -0.1 -0.4 1.6 3.7 5.8 0.2 -6.0 -3.1 4

 5 Asset: Nonfinancial corporate business 12.8 10.1 9.6 13.7 24.4 20.0 11.9 16.0 15.0 17.6 5

 6 Commercial banking 0.5 0.7 0.9 1.0 1.3 1.6 2.0 1.3 1.4 1.5 6

 7 Property-casualty insurance companies 0.7 0.9 1.2 0.7 0.9 1.0 1.1 0.7 0.7 0.5 7

 8 Life insurance companies 0.1 0.1 0.1 0.1 0.2 0.2 0.2 -0.0 0.1 0.3 8

 9 Finance companies 0.0 0.0 0.0 0.2 0.2 0.3 0.3 0.4 0.5 0.5 9

10 Brokers and dealers 0.0 0.1 0.1 -0.1 -0.1 -0.1 -0.1 -0.2 0.2 -0.1 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 2.2 3.5 3.2 7.0 9.1 13.2 20.6 8.3 7.9 18.4 11

12 Nonfarm noncorporate business -0.0 0.0 -0.0 0.2 0.4 1.2 1.5 1.2 1.3 1.1 12

13 Commercial banking 0.0 0.1 0.1 0.2 0.6 1.1 1.9 1.5 0.9 1.7 13

14 Property-casualty insurance companies 0.2 0.3 0.1 0.3 0.8 0.4 0.5 0.3 0.5 -0.3 14

15 Life insurance companies 0.2 0.2 0.1 0.2 0.6 0.5 0.8 0.3 -0.1 1.1 15

16 Finance companies 0.0 0.0 0.0 0.0 0.0 0.4 -0.4 0.2 -0.3 1.9 16

17 Brokers and dealers 0.1 0.2 0.2 0.0 0.3 0.2 0.3 0.8 0.3 0.5 17

18 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Asset: Rest of the world 2.6 4.3 3.7 7.9 11.9 16.9 25.2 12.6 10.4 24.5 19

20 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.7 8.7 15.0 20

21 Reinvested earnings 2.6 4.3 3.7 7.9 11.9 16.9 25.2 -3.5 -1.5 2.0 21

22 Intercompany accounts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.4 3.2 7.4 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 23

24 Asset: Federal government 0.7 1.1 0.7 0.6 0.8 0.7 1.1 1.3 0.7 1.1 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 25

26 Asset: Commercial banking 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 0.4 0.5 0.7 1.2 1.6 0.7 1.4 0.9 0.2 0.9 27

28 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Nonfarm noncorporate (BC) 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.0 -0.0 0.0 29

30 Farm business (FICB and FLB) 0.2 0.2 0.2 0.3 0.4 0.6 0.6 0.4 0.1 0.1 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 0.0 0.0 0.0 0.0 0.0 32

33 Savings institutions (FHLB) 0.1 0.2 0.4 0.8 1.0 0.0 0.7 0.4 0.1 0.8 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 7.0 4.6 6.5 4.8 5.4 6.9 18.7 16.2 15.5 18.9 36

37 Savings institutions 0.9 0.6 1.2 1.2 1.0 0.7 0.4 -0.6 0.0 1.2 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 6.7 3.3 0.4 3.3 2.4 2.1 -8.9 6.2 4.1 8.3 39

40 Brokers and dealers -1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Asset: Bank holding companies 12.8 8.6 8.1 9.2 8.8 9.7 10.2 21.7 19.5 28.4 41

 NFC investment in finance company subs.:

42 Liab.: Finance companies 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 42

43 Asset: Nonfinancial corporate business 2.0 1.0 1.0 1.3 1.1 1.1 1.1 1.1 1.1 1.1 43

 Funding corp. investment in subs.:

44 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.4 -1.3 1.9 2.2 0.3 44

45 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 -4.4 1.5 1.0 0.8 45

46 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 9.0 -5.7 3.4 3.2 1.2 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, 1975-1984, March 11, 2010

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 1

 2 Asset: Federal government 0.0 -0.1 -0.0 0.1 -0.0 -0.2 -0.2 0.4 0.1 0.4 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 0.3 1.2 0.3 2.1 3.0 0.8 1.8 2.8 -2.9 7.0 6

 7 Asset: Savings institutions 0.3 1.2 0.3 2.1 3.0 0.8 1.8 2.8 -2.9 7.0 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 8

 9 Asset: Life insurance companies 0.7 0.6 0.9 1.1 1.3 1.2 1.8 0.8 0.6 -1.0 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 1.9 2.3 3.2 3.2 3.0 2.1 3.3 3.9 4.1 4.2 10

11 Health 0.7 0.7 1.4 1.3 0.8 0.6 0.9 1.3 1.8 1.6 11

12 Policy dividend accumulation 1.0 1.2 1.4 1.4 1.6 1.1 1.2 1.0 1.4 1.1 12

13 Policy and contract claims 0.3 0.5 0.5 0.5 0.6 0.4 1.2 1.6 0.9 1.5 13

14 Asset: Household sector 1.9 2.3 3.2 3.2 3.0 2.1 3.3 3.9 4.1 4.2 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 6.2 10.3 12.6 14.1 14.7 13.5 11.5 10.8 12.2 14.8 15

16 Asset: Household sector 2.1 3.6 4.2 3.9 4.8 5.1 4.7 4.8 12.3 -1.4 16

17 Nonfinancial corporate business 2.2 3.4 4.4 5.6 5.5 4.7 3.7 2.7 3.5 5.1 17

18 Nonfarm noncorporate business 1.2 2.1 2.5 2.9 2.9 2.5 2.1 2.0 -4.6 11.0 18

19 Farm business 0.7 1.3 1.5 1.7 1.5 1.3 1.1 1.3 1.0 0.0 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 22

23 Asset: Private pension funds 1.0 0.5 0.3 0.8 0.9 1.4 0.4 1.9 2.1 0.9 23

 Securities borrowed (net):

24 Liab.: Funding corporations 0.0 0.6 -0.1 0.5 0.1 -0.0 1.0 0.2 2.9 0.2 24

25 Asset: Brokers and dealers 0.0 0.6 -0.1 0.5 0.1 -0.0 1.0 0.2 2.9 0.2 25

 Nonmarketable government securities:

26 Liab.: Federal government 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 26

27 Asset: Federal government retirement funds 3.7 4.6 6.6 7.0 8.0 8.9 10.0 12.1 14.5 18.5 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.
FFA, 1975-1984, March 11, 2010 49

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net change in liabilities 28.1 39.0 45.7 111.6 135.2 105.5 156.7 113.3 112.3 166.7 1

 2 Nonfinancial corporate business 21.6 20.1 33.4 64.8 109.3 94.7 128.5 36.2 24.9 135.5 2

 3 Nonfarm noncorporate business 3.0 1.2 -0.1 3.2 6.9 6.8 -1.3 28.6 12.6 9.6 3

 4 Federal government -0.7 0.9 -0.9 -0.3 -1.3 -1.9 1.0 0.2 2.0 4.9 4

 5 Rest of the world -1.5 2.3 -4.0 14.6 2.6 -12.4 -14.1 32.7 -8.5 -6.5 5

 6 Monetary authority -0.3 0.0 0.1 1.0 1.0 -1.1 0.6 -0.1 -0.2 0.4 6

 7 Commercial banking 9.5 7.4 10.2 16.2 4.0 8.7 19.0 3.1 11.3 15.5 7

 8 U.S.-chartered commercial banks -0.6 -0.1 2.8 15.5 5.3 3.5 4.8 -8.8 -0.4 12.6 8

 9 Foreign banking offices in U.S. 1.7 -0.5 0.6 2.5 -1.1 2.7 0.8 1.5 -2.1 -2.0 9

10 Bank holding companies 8.3 7.8 6.9 -1.8 -0.2 0.3 12.5 10.9 11.2 5.3 10

11 Banks in U.S.-affiliated areas 0.0 0.1 -0.1 -0.0 -0.0 2.1 0.8 -0.5 2.5 -0.4 11

12 Savings institutions 2.3 3.5 4.9 -0.7 2.3 0.8 -0.2 16.4 19.3 14.6 12

13 Credit unions -0.1 -0.0 0.6 0.1 0.1 1.5 0.1 -0.9 0.0 0.6 13

14 Life insurance companies 1.2 1.3 1.3 1.3 1.7 0.5 3.6 2.6 5.2 9.2 14

15 Government-sponsored enterprises 1.1 0.3 0.4 1.3 1.1 2.1 1.4 2.2 2.4 2.3 15

16 Finance companies -6.2 -0.4 0.5 6.0 6.9 2.4 17.9 -0.2 4.7 -4.3 16

17 REITs -1.7 0.1 -0.1 0.2 -0.0 0.1 -0.1 0.1 0.0 0.2 17

18 Brokers and dealers -0.0 2.7 -1.0 3.3 0.8 -5.9 5.2 -8.4 11.8 0.9 18

19 Funding corporations -0.1 -0.5 0.5 0.5 -0.1 9.4 -5.0 0.9 26.7 -16.1 19

20 Net change in assets -27.2 10.3 55.1 74.1 52.1 42.5 146.2 80.4 50.5 168.8 20

21 Nonfinancial corporate business -33.1 -0.3 44.1 33.9 40.1 28.1 129.7 50.1 11.7 142.8 21

22 Nonfarm noncorporate business -1.1 1.2 1.9 1.4 1.7 1.0 12.1 -10.5 5.9 -9.4 22

23 State and local governments -0.1 0.1 -0.2 0.1 0.1 -0.1 0.1 -0.0 0.1 1.4 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Rest of the world -2.2 7.0 -4.9 5.6 -0.2 -4.5 -13.3 -15.9 -3.4 -0.7 25

26 Monetary authority -0.1 -0.3 -0.7 -0.2 1.2 -0.1 0.0 0.1 0.5 3.0 26

27 Commercial banking -3.0 -6.1 0.1 11.4 -3.6 2.6 11.0 22.3 -6.2 -4.7 27

28 U.S.-chartered commercial banks -2.6 -3.1 0.8 9.1 -3.2 3.5 1.3 -3.1 -5.8 -2.1 28

29 Foreign banking offices in U.S. 0.3 -0.5 -0.6 1.3 -0.9 -2.3 0.6 28.1 -2.5 -1.2 29

30 Bank holding companies -1.2 -2.4 -0.2 -0.1 -0.8 -0.3 6.2 0.5 0.4 1.4 30

31 Banks in U.S.-affiliated areas 0.6 -0.1 0.0 1.1 1.3 1.8 2.9 -3.2 1.7 -2.8 31

32 Savings institutions 3.6 3.7 4.9 2.9 -2.3 3.6 3.7 21.1 15.3 22.4 32

33 Credit unions -0.1 -0.1 -0.2 1.7 1.7 3.3 -0.9 -0.5 0.0 -0.4 33

34 Life insurance companies 0.9 0.7 1.3 0.9 1.4 1.3 1.6 6.3 7.3 7.5 34

35 Private pension funds 10.8 3.0 8.5 10.2 6.6 4.1 -1.5 2.1 15.0 2.2 35

36 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 -0.1 36

37 Money market mutual funds 0.0 0.0 -0.1 0.5 0.4 0.1 1.0 -0.6 -0.2 0.8 37

38 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Government-sponsored enterprises 1.0 -0.5 1.0 0.4 0.4 1.3 0.6 0.9 1.1 3.1 39

40 Finance companies -4.2 -0.7 0.6 2.2 2.4 -0.3 1.5 2.0 0.0 -2.2 40

41 REITs -0.1 -0.1 0.1 0.2 0.2 0.1 0.0 0.0 0.2 0.7 41

42 Brokers and dealers 0.5 2.6 -1.3 3.0 2.1 2.0 0.5 2.9 2.9 2.4 42

43 Discrepancy 55.3 28.7 -9.4 37.5 83.1 62.9 10.6 32.9 61.8 -2.2 43
50 FFA, 1975-1984, March 11, 2010

F.11 Sector Discrepancies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 All sectors 32.7 7.3 -37.1 1.9 31.4 14.5 -22.8 50.5 -55.3 -67.5 1

 2 Household sector -20.3 -21.2 -43.7 -30.0 -21.8 -16.4 -58.5 -50.4 -73.3 -68.8 2

 3 Nonfinancial corporate business 49.9 24.9 17.8 30.3 49.6 39.2 7.1 68.5 19.3 2.9 3

 4 State and local governments -5.3 -5.4 -11.6 -3.1 -11.5 -5.1 -1.5 3.6 3.2 1.3 4

 5 Federal government -1.6 0.8 5.7 0.8 -0.9 -5.8 10.7 8.7 -4.7 -5.3 5

 6 Rest of the world 3.0 6.3 -7.1 7.5 26.5 16.4 25.1 35.8 13.7 14.0 6

 7 Financial sectors 7.0 1.9 1.7 -3.6 -10.5 -13.8 -5.8 -15.8 -13.5 -11.7 7

 8 Monetary authority 0.1 -0.2 0.0 0.5 -0.0 -0.1 0.1 -0.2 0.1 0.1 8

 9 Commercial banking 7.3 5.3 2.9 -3.6 -8.5 -10.3 -3.1 -5.9 5.0 0.8 9

10 Savings institutions 0.4 -0.1 -0.5 -0.6 -0.9 -2.1 -3.9 -5.5 -2.3 -1.8 10

11 Credit unions -0.1 0.0 0.6 0.0 -0.1 -0.0 0.1 -0.6 0.1 0.0 11

12 Property-casualty insurance companies -1.3 -3.6 -2.7 -1.3 0.4 2.0 -0.6 -0.5 -3.2 -3.2 12

13 Life insurance companies 0.8 1.1 1.8 2.0 -0.0 1.4 3.6 0.1 -8.3 0.7 13

14 Mutual funds -0.1 -0.2 -0.2 0.0 -0.2 0.7 1.6 2.2 1.1 0.9 14

15 Government-sponsored enterprises 0.1 0.1 0.5 0.9 1.0 0.4 1.2 0.8 0.7 1.0 15

16 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Finance companies -0.4 -0.9 -1.2 -1.7 -2.2 -4.3 -2.8 -2.5 -2.1 -3.1 17

18 REITs 0.4 0.4 0.5 0.5 0.6 0.7 0.7 0.1 0.1 -1.2 18

19 Brokers and dealers -0.1 -0.0 -0.1 -0.4 -0.7 -2.2 -2.7 -3.9 -4.7 -5.8 19

F.12 Instrument Discrepancies

Billions of dollars

 1 All types 32.7 7.3 -37.1 1.9 31.4 14.5 -22.8 50.5 -55.3 -67.5 1

 2 Treasury currency -0.1 -0.1 -0.3 -0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 2

 3 Foreign deposits 0.4 0.9 -0.9 -0.6 3.4 3.2 -4.3 -0.6 3.7 1.0 3

 4 Net interbank transactions -3.8 -0.9 -5.4 0.2 -1.7 -3.5 -3.0 -0.9 -10.0 4.8 4

 5 Security RPs 4.1 11.9 3.9 14.2 -2.6 9.1 15.2 8.1 -12.3 -11.9 5

 Mail floats:

 6 Federal government 0.0 -0.9 1.4 -0.8 1.3 -1.1 -0.2 0.3 1.6 0.5 6

 7 Other 1.6 0.6 1.8 -0.5 -0.1 2.3 4.1 -1.8 2.6 -1.9 7

 8 Trade credit -6.9 -8.2 -8.9 -24.1 -11.4 -19.3 -14.7 10.9 -48.0 -29.9 8

 9 Taxes payable -1.1 -0.5 2.7 2.9 7.4 7.4 7.6 7.6 -3.4 5.0 9

10 Miscellaneous 55.3 28.7 -9.4 37.5 83.1 62.9 10.6 32.9 61.8 -2.2 10

11 Nonfinancial -16.9 -24.1 -22.0 -26.9 -47.9 -46.3 -37.7 -5.9 -50.9 -32.9 11

 Nonfinancial components (sign reversed):

12 Statistical discrepancy (NIPA) 16.3 23.5 21.2 26.1 47.0 45.3 36.6 4.7 49.7 31.5 12

13 Private wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Contr. for govt. soc. insur., U.S. affiliated areas 0.6 0.6 0.8 0.9 0.9 1.0 1.2 1.2 1.3 1.3 14
FFA, 1975-1984, March 11, 2010 51

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total credit market debt owed by: 2619.1 2904.9 3293.0 3779.4 4276.4 4725.1 5258.0 5769.6 6466.1 7431.5 1

 2 Domestic nonfinancial sectors 2261.8 2505.3 2826.6 3211.2 3603.0 3953.5 4361.7 4783.4 5359.2 6146.2 2

 3 Household sector 734.3 818.9 946.7 1105.4 1276.1 1396.0 1507.2 1576.4 1732.0 1943.3 3

 4 Nonfinancial corporate business 571.3 612.1 687.1 761.4 843.8 910.2 1027.3 1117.4 1230.4 1438.3 4

 5 Nonfarm noncorporate business 210.7 231.2 261.3 304.8 357.5 406.4 456.8 509.5 580.3 698.8 5

 6 Farm business 82.1 92.2 105.9 122.2 145.7 161.5 177.8 184.5 188.4 187.9 6

 7 State and local governments 219.4 237.8 256.2 295.6 322.2 344.4 372.1 413.8 461.1 513.6 7

 8 Federal government 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 8

 9 Rest of the world 96.9 115.7 128.6 155.7 168.5 193.4 214.0 208.1 224.1 232.8 9

10 Financial sectors 260.4 283.9 337.8 412.5 504.9 578.1 682.4 778.1 882.7 1052.4 10

11 Commercial banking 42.0 48.6 56.1 63.2 76.4 91.4 113.0 131.9 152.1 175.9 11

12 U.S.-chartered commercial banks 19.6 23.4 26.4 26.2 33.5 39.9 48.3 58.4 63.0 63.5 12

13 Foreign banking offices in U.S. 3.8 4.6 5.2 4.9 6.8 8.6 11.9 13.4 15.7 22.9 13

14 Bank holding companies 18.7 20.7 24.5 32.0 36.1 42.8 52.8 60.1 73.5 89.5 14

15 Savings institutions 19.1 16.8 22.7 37.8 47.9 55.4 71.4 72.5 66.8 90.3 15

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

17 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Government-sponsored enterprises 80.3 82.4 88.7 112.2 137.0 162.6 195.0 210.4 211.8 242.2 18

19 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 20

21 Finance companies 81.7 88.5 108.4 124.6 144.7 138.5 153.4 158.3 173.8 199.2 21

22 REITs 8.7 6.9 5.0 4.4 4.1 3.8 3.7 3.7 3.5 6.3 22

23 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 24

25 Total credit market assets held by: 2619.1 2904.9 3293.0 3779.4 4276.4 4725.1 5258.0 5769.6 6466.1 7431.5 25

26 Domestic nonfinancial sectors 540.4 588.1 653.5 761.5 893.8 986.0 1095.2 1210.4 1379.1 1571.6 26

27 Household sector 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.8 705.9 811.4 27

28 Nonfinancial corporate business 61.7 73.0 70.9 74.0 76.4 91.2 109.5 113.5 140.2 163.8 28

29 Nonfarm noncorporate business 7.2 8.1 9.9 12.8 14.7 14.9 23.7 28.2 35.3 44.8 29

30 State and local governments 63.8 82.0 110.6 147.5 175.2 193.4 225.6 250.1 282.4 319.0 30

31 Federal government 87.1 93.7 103.6 120.6 141.4 165.5 189.9 205.8 215.3 232.6 31

32 Rest of the world 88.3 99.4 135.4 161.3 149.7 169.7 197.0 240.0 263.3 340.4 32

33 Financial sectors 1990.4 2217.4 2504.1 2856.6 3232.9 3569.3 3965.9 4319.2 4823.7 5519.4 33

34 Monetary authority 93.5 100.3 108.9 117.4 124.5 128.0 136.9 144.5 159.2 167.6 34

35 Commercial banking 768.8 833.2 924.6 1052.6 1181.8 1289.9 1398.2 1482.9 1626.1 1800.1 35

36 U.S.-chartered commercial banks 733.2 791.0 875.2 984.1 1095.6 1183.2 1278.1 1386.1 1522.7 1681.4 36

37 Foreign banking offices in U.S. 27.8 32.9 38.4 57.7 74.3 94.1 106.6 83.1 86.8 99.6 37

38 Bank holding companies 4.9 5.8 7.2 6.7 8.0 7.6 8.0 5.8 7.2 8.1 38

39 Banks in U.S.-affiliated areas 2.9 3.5 3.8 4.0 4.0 5.0 5.5 7.9 9.5 11.0 39

40 Savings institutions 415.2 477.5 548.1 614.4 671.9 722.7 748.7 756.7 879.5 1018.6 40

41 Credit unions 31.7 38.4 45.6 52.0 53.8 53.0 55.0 57.3 69.4 85.0 41

42 Property-casualty insurance companies 53.7 66.2 83.7 100.2 113.7 123.5 132.0 137.0 138.6 150.3 42

43 Life insurance companies 234.6 258.3 285.8 318.9 352.0 385.1 419.8 463.2 513.8 570.1 43

44 Private pension funds 71.2 77.8 88.2 98.7 120.8 151.4 178.6 225.4 267.5 305.9 44

45 State and local govt. retirement funds 78.3 87.7 99.2 116.0 126.6 147.2 169.0 190.7 198.8 233.2 45

46 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Money market mutual funds 1.5 2.1 1.9 5.1 24.9 42.0 107.5 137.6 119.7 164.1 47

48 Mutual funds 8.0 8.4 12.3 12.5 14.5 17.1 20.2 25.4 34.9 53.9 48

49 Closed-end funds 3.1 3.4 2.7 3.0 3.0 3.0 2.9 3.4 3.1 2.7 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 89.8 94.5 101.4 128.1 158.1 184.5 217.7 233.7 236.4 265.9 51

52 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 52

53 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 19.8 53

54 Finance companies 95.0 106.6 128.6 154.2 183.4 195.8 218.6 228.9 254.0 302.5 54

55 REITs 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 6.1 55

56 Brokers and dealers 8.8 16.6 11.3 7.6 3.9 6.6 20.9 36.2 25.5 54.1 56

57 Funding corporations 1.3 1.1 1.6 2.4 2.4 2.9 8.3 15.2 46.4 30.4 57

(1) Excludes corporate equities and mutual fund shares.
52 FFA, 1975-1984, March 11, 2010

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Domestic 2261.8 2505.3 2826.6 3211.2 3603.0 3953.5 4361.7 4783.4 5359.2 6146.2 1

 2 By instrument 2261.8 2505.3 2826.6 3211.2 3603.0 3953.5 4361.7 4783.4 5359.2 6146.2 2

 3 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 3

 4 Treasury securities 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 4

 5 Agency- and GSE-backed securities 8.9 9.3 8.4 7.0 5.6 5.0 4.5 3.7 3.6 3.4 5

 6 Municipal securities 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 6

 7 Corporate bonds 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 7

 8 Bank loans n.e.c. 224.4 227.0 250.5 286.1 330.5 365.0 413.5 465.7 490.9 545.4 8

 9 Other loans and advances 117.2 137.2 159.4 183.1 219.2 247.1 296.0 313.7 349.4 417.0 9

10 Mortgages 784.0 868.5 997.4 1148.7 1315.0 1455.9 1577.5 1659.2 1848.4 2089.0 10

11 Home 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 11

12 Multifamily residential 100.2 105.2 113.7 124.5 134.4 141.9 141.7 145.4 160.5 185.3 12

13 Commercial 160.0 172.8 192.0 213.2 238.1 258.6 298.4 332.3 388.0 470.2 13

14 Farm 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 14

15 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 15

16 By sector 2261.8 2505.3 2826.6 3211.2 3603.0 3953.5 4361.7 4783.4 5359.2 6146.2 16

17 Household sector 734.3 818.9 946.7 1105.4 1276.1 1396.0 1507.2 1576.4 1732.0 1943.3 17

18 Nonfinancial business 864.2 935.5 1054.3 1188.4 1347.0 1478.1 1662.0 1811.4 1999.1 2325.1 18

19 Corporate 571.3 612.1 687.1 761.4 843.8 910.2 1027.3 1117.4 1230.4 1438.3 19

20 Nonfarm noncorporate 210.7 231.2 261.3 304.8 357.5 406.4 456.8 509.5 580.3 698.8 20

21 Farm 82.1 92.2 105.9 122.2 145.7 161.5 177.8 184.5 188.4 187.9 21

22 State and local governments 219.4 237.8 256.2 295.6 322.2 344.4 372.1 413.8 461.1 513.6 22

23 Federal government 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 23

 Foreign credit market debt

24 held in U.S. 96.9 115.7 128.6 155.7 168.5 193.4 214.0 208.1 224.1 232.8 24

25 Commercial paper 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 25

26 Bonds 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 26

27 Bank loans n.e.c. 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 27

28 Other loans and advances 48.2 51.3 56.0 60.7 69.0 78.2 89.7 102.7 106.6 111.5 28

29 Domestic and foreign 2358.6 2620.9 2955.2 3366.9 3771.5 4147.0 4575.7 4991.6 5583.4 6379.0 29

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 260.4 283.9 337.8 412.5 504.9 578.1 682.4 778.1 882.7 1052.4 1

 2 Open market paper 56.4 62.5 75.1 89.1 115.9 128.8 161.5 174.2 195.5 219.5 2

 3 GSE issues 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 3

 4 Agency- and GSE-backed mortgage pool sec. 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 4

 5 Corporate bonds 56.1 63.0 75.3 81.9 85.4 93.0 98.9 113.7 131.3 176.6 5

 6 Bank loans n.e.c. 19.7 17.5 19.9 24.4 28.0 28.7 30.8 33.3 35.8 44.8 6

 7 Other loans and advances 19.4 17.0 20.7 33.6 43.3 51.7 69.8 71.0 66.4 82.8 7

 8 Mortgages 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 8

 9 By sector 260.4 283.9 337.8 412.5 504.9 578.1 682.4 778.1 882.7 1052.4 9

10 Commercial banks 23.4 27.9 31.6 31.1 40.2 48.5 60.1 71.8 78.6 86.4 10

11 Bank holding companies 18.7 20.7 24.5 32.0 36.1 42.8 52.8 60.1 73.5 89.5 11

12 Savings institutions 19.1 16.8 22.7 37.8 47.9 55.4 71.4 72.5 66.8 90.3 12

13 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Government-sponsored enterprises 80.3 82.4 88.7 112.2 137.0 162.6 195.0 210.4 211.8 242.2 15

16 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 16

17 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 17

18 Finance companies 81.7 88.5 108.4 124.6 144.7 138.5 153.4 158.3 173.8 199.2 18

19 REITs 8.7 6.9 5.0 4.4 4.1 3.8 3.7 3.7 3.5 6.3 19

20 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 20

21 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 21
FFA, 1975-1984, March 11, 2010 53

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total 2619.1 2904.9 3293.0 3779.4 4276.4 4725.1 5258.0 5769.6 6466.1 7431.5 1

 2 Open market paper 66.6 74.8 89.8 107.5 145.0 163.8 215.1 226.8 253.8 305.7 2

 3 Treasury securities 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 3

 4 Agency- and GSE-backed securities 115.2 130.3 152.6 187.9 235.2 278.3 323.5 387.2 454.9 529.4 4

 5 Municipal securities 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 5

 6 Corporate and foreign bonds 336.4 374.3 414.1 444.6 465.3 502.1 534.9 591.3 636.9 734.5 6

 7 Bank loans n.e.c. 265.8 272.9 301.8 360.4 411.5 458.5 512.2 532.8 564.2 621.0 7

 8 Other loans and advances 184.8 205.6 236.1 277.3 331.5 377.0 455.4 487.4 522.4 611.3 8

 9 Mortgages 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 9

10 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 10

 Memo:

 Selected claims not included above:

11 Corporate equities 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 11

12 Mutual fund shares 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 2619.1 2904.9 3293.0 3779.4 4276.4 4725.1 5258.0 5769.6 6466.1 7431.5 1

 2 Official foreign exchange 2.3 4.8 5.0 5.4 5.1 13.0 14.8 17.6 17.6 18.2 2

 3 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 3

 4 Treasury currency 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 4

 5 Foreign deposits 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 5

 6 Net interbank liabilities 30.4 21.3 21.6 38.4 57.7 24.7 -25.8 -30.7 -31.4 -19.3 6

 7 Checkable deposits and currency 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 7

 8 Small time and savings deposits 726.5 848.0 943.2 1009.6 1070.2 1154.0 1204.0 1345.3 1560.4 1710.6 8

 9 Large time deposits 158.3 144.4 173.0 228.1 257.4 316.9 378.6 395.8 384.6 471.4 9

10 Money market fund shares 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 10

11 Security RPs 29.1 45.1 52.3 76.1 92.7 116.2 144.7 175.8 188.4 224.1 11

12 Mutual fund shares 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 12

13 Security credit 28.5 39.9 44.2 46.7 48.0 61.9 64.0 69.8 83.4 87.9 13

14 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 14

15 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 15

16 Trade payables 280.6 310.5 354.5 418.0 492.6 542.6 582.8 605.5 629.1 686.4 16

17 Taxes payable 31.3 38.5 41.9 48.8 58.8 64.4 58.1 55.7 60.4 68.1 17

18 Miscellaneous 731.7 910.7 1016.8 1209.7 1440.8 1685.4 1962.7 2124.5 2279.4 2431.1 18

19 Total liabilities 5665.6 6404.1 7177.6 8254.6 9403.1 10555.2 11743.9 12962.3 14453.3 16225.2 19

 + Financial assets not included in

 liabilities:

20 Gold and SDRs 13.9 14.0 14.3 13.2 13.9 13.8 15.2 16.4 16.1 16.7 20

21 Corporate equities 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 21

22 Household equity in noncorp. bus. 1127.9 1257.4 1420.3 1651.1 1916.3 2157.8 2315.6 2360.2 2420.6 2419.8 22

 - Liabilities not identified as assets:

23 Treasury currency -2.0 -2.2 -2.4 -2.4 -2.6 -2.8 -3.0 -3.2 -3.4 -3.5 23

24 Foreign deposits 3.2 4.0 3.1 8.3 11.7 14.9 10.6 13.3 98.3 98.7 24

25 Net interbank transactions -2.4 -3.1 -6.9 -6.0 -8.3 -11.7 -17.2 -17.7 -26.1 -22.3 25

26 Security RPs 15.3 27.2 31.1 45.3 43.1 52.2 67.4 75.6 63.3 51.4 26

27 Taxes payable 17.1 18.2 20.6 22.3 27.2 32.6 38.6 36.4 36.2 37.1 27

28 Miscellaneous 86.2 166.1 177.3 217.4 291.9 328.8 359.8 346.5 281.2 121.9 28

 - Floats not included in assets:

29 Checkable deposits: Federal govt. -0.3 -1.1 0.2 -0.1 -0.1 -0.8 -1.8 -2.2 -0.8 -0.5 29

30 Other 29.3 29.9 31.7 31.2 31.2 33.5 37.6 35.7 38.3 36.5 30

31 Trade credit -51.2 -59.4 -68.3 -83.4 -94.8 -114.1 -128.7 -117.8 -165.9 -195.7 31

32 Totals identified to sectors as assets 7551.6 8530.2 9348.6 10656.0 12181.3 13889.0 15093.6 16534.7 18424.7 20327.4 32
54 FFA, 1975-1984, March 11, 2010

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 2622.4 2988.2 3120.8 3443.1 3925.9 4574.3 4841.0 5396.6 6141.3 6679.5 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 2

 3 Checkable deposits and currency 178.0 190.5 207.7 225.6 247.3 265.7 311.8 331.3 347.2 366.8 3

 4 Time and savings deposits 759.4 862.0 967.3 1069.7 1145.3 1266.9 1337.0 1445.8 1663.3 1892.6 4

 5 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 188.1 154.7 199.2 5

 6 Securities 894.9 1053.1 977.1 1028.5 1230.2 1498.8 1406.3 1536.7 1787.3 1840.5 6

 7 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 7

 8 U.S. savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 8

 9 Other Treasury securities 45.7 32.2 30.2 32.8 78.8 103.9 103.9 120.6 167.3 211.4 9

10 Agency- and GSE-backed securities 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 10

11 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 11

12 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 12

13 Corporate equities (2) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 13

14 Mutual fund shares 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 14

15 Private life insurance reserves 158.5 167.1 176.4 187.3 197.7 207.4 216.3 223.3 231.1 236.1 15

16 Private insured pension reserves 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 16

17 Private noninsured pension reserves 248.4 279.7 302.1 357.0 420.9 523.7 553.9 687.3 838.3 897.8 17

18 Govt. insurance and pension reserves 156.4 176.9 195.9 224.9 249.3 287.2 323.7 373.6 431.5 498.0 18

19 Miscellaneous and other assets 150.8 166.9 187.8 219.6 252.2 288.4 337.5 365.2 399.3 413.2 19

20 Total liabilities 1116.0 1241.7 1421.4 1652.6 1920.7 2132.4 2315.9 2484.2 2741.0 3086.2 20

21 Mortgage debt on nonfarm homes 471.0 531.4 622.7 732.3 849.9 952.0 1024.6 1064.4 1178.9 1312.6 21

22 Other mortgage debt (3) 203.1 220.7 244.5 274.6 323.3 372.5 415.4 471.7 516.4 606.9 22

23 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 23

24 Policy loans 25.5 26.9 28.6 31.2 35.9 42.6 50.0 54.2 55.2 55.6 24

25 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 25

26 Other liabilities (3) 201.1 221.3 246.1 286.1 339.5 382.5 425.0 471.5 511.3 552.7 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, 1975-1984, March 11, 2010 55

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 3664.3 4149.3 4427.8 4958.6 5684.5 6561.3 6952.8 7540.5 8316.0 8826.9 1

 2 Deposits 908.3 1019.6 1136.7 1256.0 1375.2 1534.2 1736.9 1895.0 2087.3 2372.3 2

 3 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 3

 4 Checkable deposits and currency 153.3 163.8 178.3 192.9 211.7 227.2 271.0 286.7 294.1 308.6 4

 5 Time and savings deposits 751.3 852.5 955.2 1054.2 1124.1 1242.6 1311.3 1417.7 1631.6 1857.5 5

 6 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 188.1 154.7 199.2 6

 7 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.8 705.9 811.4 7

 8 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 8

 9 Treasury securities 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.7 232.7 280.4 9

10 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 10

11 Other Treasury 44.4 30.7 27.8 29.6 76.0 101.3 100.6 117.4 161.3 205.9 11

12 Agency- and GSE-backed securities 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 12

13 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 13

14 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 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 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 16

17 Corporate equities (3) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 17

18 Mutual fund shares 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 18

19 Security credit 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 19

20 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 20

21 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 21

22 Equity in noncorporate business 1127.9 1257.4 1420.3 1651.1 1916.3 2157.8 2315.6 2360.2 2420.6 2419.8 22

23 Miscellaneous assets 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 23

24 Total liabilities 760.9 850.5 981.6 1144.7 1317.8 1447.5 1559.7 1633.3 1800.3 2011.4 24

25 Credit market instruments 734.3 818.9 946.7 1105.4 1276.1 1396.0 1507.2 1576.4 1732.0 1943.3 25

26 Home mortgages (4) 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 26

27 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 27

28 Municipal securities 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 28

29 Bank loans n.e.c. (5) 23.0 23.4 23.4 23.1 22.4 27.8 33.5 35.1 35.6 22.0 29

30 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 30

31 Commercial mortgages 11.1 11.5 12.1 13.0 14.4 14.8 15.5 17.1 25.5 30.9 31

32 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 32

33 Trade payables 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 33

 Deferred and unpaid

34 life insurance premiums 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 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, 1975-1984, March 11, 2010

L.101 Nonfinancial Business (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 857.3 957.4 1075.9 1232.5 1432.6 1613.5 1840.1 1962.6 2169.3 2470.1 1

 2 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 2

 3 Checkable deposits and currency 83.0 89.7 96.1 105.7 114.7 117.1 98.5 112.6 142.7 160.8 3

 4 Time and savings deposits 32.2 38.3 47.6 53.7 61.7 69.3 80.7 91.7 101.7 104.2 4

 5 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 5

 6 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 6

 7 Credit market instruments 68.8 81.2 80.8 86.8 91.1 106.1 133.1 141.7 175.5 208.6 7

 8 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 8

 9 Treasury securities 15.5 23.1 19.0 18.3 16.3 16.3 22.0 24.3 36.2 41.9 9

10 Agency- and GSE-backed securities 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 10

11 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 11

12 Mortgages 12.9 14.5 19.1 23.7 29.8 39.6 56.2 63.2 69.3 90.8 12

13 Consumer credit 23.9 26.0 26.4 28.0 29.2 29.6 30.3 30.8 35.4 38.4 13

14 Mutual fund shares 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 14

15 Trade receivables 286.0 318.3 366.4 433.3 509.8 561.8 611.2 614.1 678.9 753.4 15

16 Miscellaneous assets 382.5 424.1 476.1 541.0 638.1 737.1 882.4 968.0 1037.2 1202.6 16

17 Total liabilities 1442.0 1580.5 1775.1 2040.1 2392.2 2696.1 3049.7 3304.6 3550.3 4003.3 17

18 Credit market instruments 864.2 935.5 1054.3 1188.4 1347.0 1478.1 1662.0 1811.4 1999.1 2325.1 18

19 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 19

20 Municipal securities 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 20

21 Corporate bonds 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 21

22 Bank loans n.e.c. 201.4 203.7 227.0 263.0 308.1 337.2 380.1 430.6 455.3 523.4 22

23 Other loans and advances 79.9 96.0 116.2 138.0 168.1 187.4 226.2 237.1 269.7 328.5 23

24 Mortgages 312.8 339.0 381.4 426.3 473.3 514.0 563.3 610.7 706.4 815.2 24

25 Trade payables 205.3 227.2 262.9 311.4 375.4 410.3 443.4 458.6 466.3 505.8 25

26 Taxes payable 28.9 35.6 38.0 44.0 53.8 59.2 53.6 50.8 55.7 60.3 26

27 Miscellaneous liabilities 343.6 382.2 419.9 496.3 616.0 748.5 890.7 983.7 1029.1 1112.1 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
FFA, 1975-1984, March 11, 2010 57

L.102 Nonfarm Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 773.4 863.1 964.2 1098.9 1277.6 1444.6 1638.2 1748.9 1926.5 2200.8 1

 2 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 2

 3 Checkable deposits and currency 58.3 63.0 66.7 73.0 79.1 78.7 57.7 68.0 89.6 102.7 3

 4 Time and savings deposits 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 4

 5 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 5

 6 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 6

 7 Credit market instruments 61.7 73.0 70.9 74.0 76.4 91.2 109.5 113.5 140.2 163.8 7

 8 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 8

 9 Treasury securities 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 9

10 Agency- and GSE-backed securities 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 10

11 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 11

12 Mortgages 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 12

13 Consumer credit 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 13

14 Mutual fund shares 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 14

15 Trade receivables 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 15

16 Miscellaneous assets 353.2 390.0 435.9 494.3 584.8 678.3 807.8 900.1 967.0 1130.5 16

17 U.S. direct investment abroad (1) 141.0 212.0 235.7 272.9 323.6 376.1 398.2 380.6 365.2 359.8 17

18 Insurance receivables 20.0 23.4 27.8 33.4 38.9 43.6 47.3 50.0 53.5 58.6 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. 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 20

21 Other 190.1 151.6 168.3 182.7 215.8 251.0 353.6 459.7 537.4 700.1 21

22 Total liabilities 1086.9 1189.3 1335.3 1532.3 1789.3 2011.2 2293.5 2453.7 2609.6 2928.5 22

23 Credit market instruments 571.3 612.1 687.1 761.4 843.8 910.2 1027.3 1117.4 1230.4 1438.3 23

24 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 24

25 Municipal securities (2) 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 25

26 Corporate bonds (1) 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 26

27 Bank loans n.e.c. 143.5 140.1 154.9 175.1 204.3 230.3 261.7 318.5 340.9 391.1 27

28 Other loans and advances (3) 48.9 59.7 73.3 84.1 100.8 109.6 136.2 143.0 169.1 219.8 28

29 Mortgages 108.9 115.4 129.2 141.0 141.2 130.8 137.1 122.9 152.8 169.4 29

30 Trade payables 176.4 195.2 227.0 271.8 327.4 356.5 383.4 394.2 402.0 436.7 30

31 Taxes payable 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 31

32 Miscellaneous liabilities 317.0 354.3 392.1 465.0 577.2 700.6 842.9 906.6 938.5 1011.4 32

33 Foreign direct investment in U.S. 21.5 43.0 50.2 62.9 79.7 111.4 144.9 161.3 167.6 191.6 33

34 Pension fund contributions payable 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 34

35 Other 291.8 307.1 337.4 396.8 491.3 581.6 690.0 735.4 758.9 806.9 35

 Memo:

36 Trade receivables net of payables 95.1 107.3 119.4 135.5 152.3 172.8 190.7 175.0 224.5 257.4 36

37 Market value of equities 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 37

38 Securities and mortgages 369.3 401.2 446.1 486.7 514.1 542.3 586.7 618.3 683.7 768.9 38

39 Loans and short-term paper 202.0 210.9 241.0 274.7 329.6 367.9 440.6 499.1 546.8 669.4 39

40 Total short-term liabilities (4) 400.7 433.8 497.2 580.6 698.0 768.3 863.9 928.8 987.4 1148.2 40

41 Total liquid assets (5) 117.8 136.8 144.0 155.2 166.1 180.2 190.1 210.7 257.6 286.3 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 64.6 65.6 64.9 63.9 60.9 59.6 57.1 55.3 55.6 53.5 42

43 Short-term debt/credit market debt 35.4 34.4 35.1 36.1 39.1 40.4 42.9 44.7 44.4 46.5 43

44 Liquid assets/short-term liabilities 29.4 31.5 29.0 26.7 23.8 23.4 22.0 22.7 26.1 24.9 44

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

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

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

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

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
58 FFA, 1975-1984, March 11, 2010

L.103 Nonfarm Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 69.1 78.0 93.6 113.5 132.8 144.7 175.8 185.8 213.4 239.6 1

 2 Checkable deposits and currency 17.8 19.8 22.4 25.6 28.3 31.1 33.3 36.8 45.0 49.8 2

 3 Time and savings deposits 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 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 Treasury securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 5

 6 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Mortgages 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 7

 8 Consumer credit 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 8

 9 Trade receivables 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 9

10 Miscellaneous assets 21.5 24.8 29.2 33.6 38.4 41.9 56.1 47.7 48.9 50.6 10

11 Insurance receivables 11.5 13.5 16.0 18.9 21.8 24.3 26.3 28.4 23.8 34.8 11

12 Equity investment in GSEs (1) 0.3 0.4 0.4 0.5 0.6 0.8 0.8 0.9 0.8 0.9 12

13 Other 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 13

14 Total liabilities 264.5 289.2 321.9 371.7 440.8 506.1 560.0 647.2 733.7 869.2 14

15 Credit market instruments 210.7 231.2 261.3 304.8 357.5 406.4 456.8 509.5 580.3 698.8 15

16 Bank loans n.e.c. 37.7 40.4 46.4 59.6 72.8 75.3 85.5 76.0 75.5 92.4 16

17 Other loans and advances 18.9 22.8 26.7 32.7 39.3 45.4 52.4 57.1 64.9 73.1 17

18 Mortgages 154.1 168.1 188.2 212.5 245.4 285.7 319.0 376.5 439.9 533.3 18

19 Trade payables 20.6 22.3 23.8 25.6 31.7 36.4 41.6 45.3 45.8 51.5 19

20 Taxes payable 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 20

21 Miscellaneous liabilities 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

Billions of dollars

 1 Total financial assets 14.8 16.3 18.1 20.2 22.2 24.2 26.1 28.0 29.4 29.7 1

 2 Checkable deposits and currency 6.9 6.9 7.0 7.1 7.3 7.4 7.6 7.8 8.1 8.3 2

 3 Miscellaneous assets 7.8 9.3 11.1 13.0 14.9 16.8 18.5 20.2 21.3 21.4 3

 4 Insurance receivables 6.5 7.7 9.2 10.9 12.4 13.7 14.8 16.1 17.1 17.1 4

 5 Equity investment in GSEs (2) 1.4 1.6 1.9 2.1 2.5 3.1 3.7 4.1 4.2 4.3 5

 6 Total liabilities 90.5 102.0 117.9 136.2 162.0 178.8 196.2 203.6 207.0 205.6 6

 7 Credit market instruments 82.1 92.2 105.9 122.2 145.7 161.5 177.8 184.5 188.4 187.9 7

 8 Bank loans n.e.c. 20.2 23.2 25.7 28.2 31.0 31.6 32.9 36.1 38.9 39.9 8

 9 Other loans and advances 12.1 13.5 16.3 21.2 27.9 32.4 37.6 37.0 35.7 35.6 9

10 Mortgages (3) 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 10

11 Trade payables 8.4 9.8 12.0 14.0 16.3 17.4 18.4 19.1 18.6 17.6 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
FFA, 1975-1984, March 11, 2010 59

L.105 State and Local Governments (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 146.4 169.2 209.4 262.3 303.9 330.5 360.6 392.7 439.0 506.7 1

 2 Checkable deposits and currency 13.4 12.4 13.5 13.4 13.0 12.4 11.0 9.4 8.7 13.8 2

 3 Time and savings deposits 46.9 49.1 55.8 62.9 60.8 58.8 61.1 64.9 58.6 58.9 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 -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 5

 6 Credit market instruments 63.8 82.0 110.6 147.5 175.2 193.4 225.6 250.1 282.4 319.0 6

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

 8 Treasury securities 27.8 40.2 61.4 83.7 85.5 93.3 108.3 126.3 149.2 166.0 8

 9 Agency- and GSE-backed securities 18.2 20.4 26.7 39.5 59.4 59.7 69.1 70.2 70.1 74.6 9

10 Municipal securities 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 11

12 Mortgages 12.8 14.1 14.6 17.1 23.6 33.4 41.0 46.3 54.2 64.4 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Trade receivables 15.2 16.9 19.3 22.6 26.5 29.2 31.6 32.9 34.4 37.5 15

16 Taxes receivable 9.2 10.7 12.2 13.8 16.6 19.6 17.8 19.3 22.1 23.1 16

17 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.4 17

18 Total liabilities 256.5 278.9 301.4 345.5 377.4 405.4 439.3 487.7 542.0 602.3 18

19 Credit market instruments 219.4 237.8 256.2 295.6 322.2 344.4 372.1 413.8 461.1 513.6 19

20 Municipal securities 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 20

21 Short-term 18.6 14.5 11.6 12.2 13.1 14.9 16.0 22.7 21.3 17.6 21

22 Other 195.0 215.5 236.6 277.0 302.4 322.0 347.2 381.2 429.0 477.4 22

23 U.S. government loans 5.8 7.8 8.0 6.5 6.7 7.6 8.8 9.8 10.9 18.6 23

24 Trade payables 37.1 41.1 45.3 49.9 55.2 61.0 67.3 73.9 80.9 88.7 24

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

L.106 Federal Government

Billions of dollars

 1 Total financial assets 121.0 139.1 148.7 174.8 201.6 230.4 252.0 283.3 292.7 329.6 1

 2 Gold, SDRs, and official foreign exchange 4.6 7.0 7.6 5.4 5.3 10.6 13.8 17.1 19.0 20.3 2

 3 Checkable deposits and currency 11.2 15.0 14.6 18.7 19.2 16.2 17.4 24.5 16.4 21.8 3

 4 Time and savings deposits 0.6 0.7 0.9 0.9 1.0 0.8 0.7 1.1 0.7 1.2 4

 5 Credit market instruments 87.1 93.7 103.6 120.6 141.4 165.5 189.9 205.8 215.3 232.6 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 68.0 74.1 79.8 92.6 106.8 123.4 142.9 156.4 164.7 181.2 8

 9 Mortgages 19.1 19.6 23.7 28.0 34.6 42.1 47.0 49.4 50.6 51.5 9

10 Consumer credit (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 6.5 6.9 6.2 8.9 11.3 15.1 17.6 22.4 26.2 31.3 12

13 Taxes receivable 5.0 9.6 9.0 12.7 14.9 12.2 1.7 0.0 2.1 7.9 13

14 Miscellaneous assets 6.1 6.1 6.8 7.5 8.5 10.1 10.9 12.4 13.1 14.4 14

15 Total liabilities 520.3 598.9 665.3 730.5 778.7 869.0 966.9 1147.6 1353.8 1578.2 15

16 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 16

17 Treasury currency 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 17

18 Credit market instruments 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 18

19 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 19

20 Other Treasury securities 367.6 431.7 484.2 534.2 572.2 657.5 747.7 909.8 1092.0 1286.3 20

21 Budget agency securities 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 21

22 Multifamily residential mortgages 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 22

23 Trade payables 14.5 17.9 21.1 25.5 27.8 30.1 30.6 35.4 40.4 47.5 23

24 Insurance reserves 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 24

25 Miscellaneous liabilities (3) 43.2 47.3 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 25

26 Nonmarketable securities held by pension plans 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 26

27 Other 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

(1) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.
60 FFA, 1975-1984, March 11, 2010

L.107 Rest of the World

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 198.8 252.2 292.6 361.9 406.7 472.7 496.4 558.3 661.2 776.9 1

 2 Net interbank assets -9.5 -15.4 -16.4 -10.0 9.5 -17.1 -55.8 -62.5 -50.3 -47.5 2

 3 U.S. checkable deposits and currency 23.6 28.1 32.0 34.0 40.1 42.9 40.7 39.5 45.1 49.6 3

 4 U.S. time deposits 22.6 20.7 21.0 23.5 25.9 26.9 29.2 39.5 25.8 30.5 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs 0.5 0.4 0.3 2.4 4.1 4.4 4.4 6.0 6.7 6.8 6

 7 Credit market instruments 88.3 99.4 135.4 161.3 149.7 169.7 197.0 240.0 263.3 340.4 7

 8 Open market paper 5.3 5.6 6.0 6.5 8.4 9.3 8.0 6.3 7.1 8.3 8

 9 Treasury securities 65.5 77.6 108.7 132.9 116.0 127.4 135.5 150.7 163.6 200.3 9

10 Official 61.2 70.6 101.1 124.0 101.7 111.3 117.0 124.9 129.7 138.2 10

11 Private 4.4 7.0 7.6 8.9 14.2 16.1 18.5 25.8 33.8 62.1 11

12 Agency- and GSE-backed securities 2.7 2.0 4.7 5.2 5.9 8.5 10.3 10.9 11.2 12.0 12

13 Official 2.7 2.0 4.3 4.5 4.9 6.9 8.1 7.7 7.3 6.5 13

14 Private 0.0 0.0 0.4 0.6 1.0 1.6 2.2 3.3 3.9 5.5 14

15 Municipal securities 0.0 0.0 0.1 0.2 0.3 0.5 0.6 0.7 0.9 1.0 15

16 U.S. corporate bonds (1) 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 16

17 Loans to U.S. corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 17

18 U.S. corporate equities 33.4 47.0 44.8 48.0 55.3 74.7 74.7 88.3 109.6 107.0 18

19 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Trade receivables 16.5 18.9 20.8 24.9 26.2 35.0 33.1 33.6 32.6 33.4 20

21 Security credit 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous assets 23.1 53.2 54.7 77.7 96.0 136.3 173.3 173.9 228.5 256.7 22

23 Foreign direct investment in U.S. (2) 25.2 47.5 55.4 69.0 88.6 127.1 164.6 184.8 193.7 223.5 23

24 Other -2.1 5.7 -0.7 8.8 7.4 9.2 8.7 -11.0 34.7 33.1 24

25 Total liabilities 242.5 368.8 406.5 494.6 573.5 660.9 716.3 751.8 837.1 835.6 25

 U.S. official foreign exchange

26 and net IMF position 2.3 4.8 5.0 5.4 5.1 13.0 14.8 17.6 17.6 18.2 26

27 U.S. private deposits 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 27

28 Credit market instruments 96.9 115.7 128.6 155.7 168.5 193.4 214.0 208.1 224.1 232.8 28

29 Commercial paper 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 29

30 Bonds 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 30

31 Bank loans n.e.c. 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 31

32 Official 2.0 2.9 2.9 5.2 7.3 11.9 12.6 5.4 8.5 7.6 32

33 Banks 9.3 13.5 16.2 25.7 21.6 26.3 21.8 15.1 14.2 11.0 33

34 Other 10.3 12.0 12.3 19.1 24.1 26.6 33.3 13.3 14.8 12.2 34

35 U.S. government loans 37.0 38.9 41.8 45.7 50.4 55.5 60.0 64.5 68.6 72.5 35

36 Acceptance liabilities to banks 11.1 12.4 14.2 15.0 18.6 22.7 29.6 38.2 38.0 39.0 36

37 Trade payables 12.2 12.5 13.0 18.0 20.3 25.7 24.6 19.4 18.3 17.7 37

38 Security debt 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 125.1 228.4 251.1 298.4 352.8 397.4 421.1 457.1 435.4 426.9 39

40 U.S. equity in IBRD, etc. 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 40

41 Nonofficial foreign currencies 2.0 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 41

42 U.S. direct investment abroad (1,2) 149.5 222.3 248.3 287.5 340.6 396.1 421.8 406.6 393.2 389.5 42

43 Other -30.6 0.1 -3.9 3.4 3.7 -8.8 -11.5 38.1 29.2 22.9 43

 Memo:

44 Market value of foreign equities 9.6 9.5 10.1 11.2 14.8 18.9 16.5 17.4 26.2 26.0 44

 held by U.S. residents (3)

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

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

(3) Includes American Depositary Receipts (ADRs).
FFA, 1975-1984, March 11, 2010 61

L.108 Monetary Authority (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 124.7 134.5 143.0 156.1 166.7 173.7 181.9 194.3 203.7 218.2 1

 2 Gold and foreign exchange 11.7 11.7 11.7 13.2 13.6 16.2 16.2 16.9 14.8 14.6 2

 3 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 3

 4 Treasury currency 10.2 10.8 11.3 11.8 13.1 13.8 14.5 15.0 15.7 16.4 4

 5 Federal Reserve float 3.7 2.6 3.8 6.5 6.8 4.5 1.8 2.7 1.6 0.9 5

 6 Federal Reserve loans to domestic banks 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 6

 7 Discount window (2) 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 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 1.7 4.8 3.3 1.8 2.4 3.3 3.7 5.8 2.0 2.0 9

10 Credit market instruments 93.5 100.3 108.9 117.4 124.5 128.0 136.9 144.5 159.2 167.6 10

11 Open market paper 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 86.7 93.3 100.9 109.5 116.3 119.3 127.7 135.6 150.6 159.2 12

13 Agency- and GSE-backed securities 6.1 6.8 8.0 7.9 8.2 8.7 9.1 8.9 8.6 8.4 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 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 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 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 26

27 Total liabilities 123.8 133.5 141.9 155.1 165.5 172.5 180.6 192.9 202.2 216.6 27

28 Depository institution reserves 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 21.8 28

29 Vault cash of commercial banks 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 29

30 Checkable deposits and currency 82.6 93.2 98.0 104.3 112.5 121.5 132.4 142.5 155.5 165.8 30

31 Due to federal government 7.8 10.9 7.5 4.4 4.6 3.5 4.7 5.5 4.1 5.8 31

32 Treasury cash holdings 0.5 0.5 0.4 0.2 0.5 0.4 0.4 0.4 0.5 0.5 32

33 Treasury general deposit account 7.3 10.4 7.1 4.2 4.1 3.1 4.3 5.0 3.7 5.3 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 0.6 0.6 0.7 0.8 0.5 0.7 0.4 0.5 0.4 35

36 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Currency outside banks 74.4 81.7 89.9 99.2 107.1 117.5 126.9 136.6 150.9 159.6 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 2.9 3.0 3.1 4.1 4.8 3.8 4.4 4.4 4.2 4.8 39

40 Federal Reserve Bank stock 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 40

41 Other 2.0 2.0 2.1 3.0 3.6 2.6 3.1 3.0 2.8 3.1 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, 1975-1984, March 11, 2010

L.109 Commercial Banking (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 885.1 960.1 1066.9 1220.0 1355.2 1481.7 1618.7 1731.3 1888.5 2127.6 1

 2 Vault cash 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 2

 3 Reserves at Federal Reserve 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 20.2 3

 4 Checkable deposits and currency 0.9 0.7 1.3 1.6 2.4 2.8 2.9 3.4 3.6 4.1 4

 5 Total bank credit 765.3 832.6 923.1 1048.8 1169.7 1271.1 1373.4 1450.3 1589.2 1765.1 5

 6 Open market paper 9.8 13.0 13.2 12.0 14.1 15.8 16.5 16.8 14.3 12.6 6

 7 Treasury securities 85.0 103.8 102.0 95.3 95.6 111.5 113.8 134.0 179.5 181.5 7

 8 Agency- and GSE-backed securities 34.9 36.5 37.5 44.3 52.0 61.8 71.6 78.8 80.0 78.9 8

 9 Municipal securities 102.9 106.0 115.2 126.2 135.6 148.8 154.0 158.3 162.1 174.6 9

10 Corporate and foreign bonds 9.5 9.2 10.1 8.9 9.7 10.8 10.7 11.1 16.2 21.9 10

11 Bank loans n.e.c. 265.8 272.9 301.8 360.4 411.5 458.5 512.2 532.8 564.2 621.0 11

12 Mortgages 136.2 151.3 179.0 214.0 245.2 262.7 284.2 301.3 330.5 381.4 12

13 Consumer credit 106.1 118.0 140.3 166.5 185.7 180.2 184.2 190.9 213.7 258.8 13

14 Security credit 15.0 21.7 23.9 21.0 20.2 20.9 26.2 26.2 28.7 34.5 14

15 Corporate equities 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Customers’ liab. on acceptances (2) 18.7 22.5 25.7 24.9 32.5 39.8 51.1 58.8 65.7 69.4 17

18 Miscellaneous assets 61.9 67.0 76.1 98.0 102.3 120.8 147.5 172.7 187.6 244.5 18

19 Total liabilities 838.3 908.5 1014.6 1164.8 1291.1 1411.3 1560.8 1698.9 1855.5 2047.0 19

20 Net interbank liabilities -7.9 -16.0 -19.2 -8.3 9.4 -22.5 -69.6 -76.7 -73.9 -65.4 20

21 To monetary authority 3.9 2.6 4.1 7.7 8.2 6.3 3.4 3.5 2.5 4.4 21

22 To domestic banks (3) -2.4 -3.1 -6.9 -6.0 -8.3 -11.7 -17.2 -17.7 -26.1 -22.3 22

23 To foreign banks -9.5 -15.4 -16.4 -10.0 9.5 -17.1 -55.8 -62.5 -50.3 -47.5 23

24 Checkable deposits 247.2 260.9 285.1 310.6 338.0 347.8 356.5 375.8 390.8 419.5 24

25 Federal government 3.1 3.0 7.3 14.1 14.5 11.9 10.8 16.9 11.5 15.5 25

26 Rest of the world 13.2 16.2 18.7 18.3 22.7 22.9 19.0 15.6 17.1 19.3 26

27 Private domestic 230.9 241.6 259.2 278.2 300.9 312.9 326.7 343.3 362.1 384.7 27

28 Small time and savings deposits 305.3 359.9 388.7 403.4 433.9 479.9 521.9 621.0 751.1 826.0 28

29 Large time deposits 152.1 136.8 163.1 211.7 225.6 272.3 324.3 329.9 283.3 321.1 29

30 Federal funds and security RPs (net) 29.9 43.8 54.4 76.9 94.3 114.8 129.7 137.9 153.5 155.2 30

31 Credit market instruments 42.0 48.6 56.1 63.2 76.4 91.4 113.0 131.9 152.1 175.9 31

32 Open market paper 27.6 30.6 35.0 41.1 54.5 68.2 86.9 99.6 108.3 118.1 32

33 Corporate bonds 14.5 18.0 21.1 22.1 21.9 23.2 26.1 32.4 42.0 55.5 33

34 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 2.3 34

35 Taxes payable (net) 0.6 0.6 0.8 0.9 1.4 0.8 0.5 0.4 0.3 3.6 35

36 Miscellaneous liabilities 69.1 73.9 85.6 106.4 112.1 126.8 184.6 178.7 198.3 211.0 36

 Memo:

37 Credit market funds advanced (4) 768.8 833.2 924.6 1052.6 1181.8 1289.9 1398.2 1482.9 1626.1 1800.1 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, 1975-1984, March 11, 2010 63

L.110 U.S.-Chartered Commercial Banks

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 792.7 853.3 944.6 1066.1 1173.4 1266.1 1365.2 1471.9 1603.2 1799.4 1

 2 Vault cash and reserves at Federal Reserve 38.3 37.3 40.8 46.1 47.7 46.5 42.5 44.4 41.4 43.1 2

 3 Total bank credit 732.8 793.8 877.3 983.6 1088.2 1171.1 1262.5 1364.0 1497.9 1664.1 3

 4 Open market paper 7.7 10.5 10.6 8.4 10.1 11.0 10.7 11.7 12.6 11.7 4

 5 Treasury securities 83.9 102.0 99.8 93.1 92.7 107.9 109.7 129.2 172.7 175.2 5

 6 Agency- and GSE-backed securities 34.2 35.7 36.6 43.4 50.8 60.5 70.1 77.6 78.3 77.1 6

 7 Mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26.4 7

 8 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 8

 9 Other 34.2 35.7 36.6 43.4 50.8 60.5 70.1 77.6 78.3 50.7 9

10 Municipal securities 102.0 104.6 113.8 124.7 134.2 147.4 153.1 157.5 161.3 173.9 10

11 Corporate and foreign bonds 8.0 7.3 7.0 6.4 5.9 6.4 6.4 8.1 11.7 15.0 11

12 Private mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 12

13 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 13

14 Other 8.0 7.3 7.0 6.4 5.9 6.4 6.4 8.1 11.7 14.6 14

15 Bank loans n.e.c. 242.1 245.4 269.5 309.2 347.4 379.1 425.7 469.7 497.1 546.8 15

16 Mortgages 134.3 149.5 177.1 212.3 242.6 258.7 278.0 294.2 323.5 373.9 16

17 Consumer credit 106.1 118.0 140.3 166.5 185.7 180.2 184.2 190.9 213.7 258.8 17

18 Security credit 14.6 20.8 22.6 19.6 18.8 19.9 24.6 25.1 27.0 31.7 18

19 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Customers’ liab. on acceptances (1) 15.0 18.0 20.5 20.1 26.1 32.0 40.2 47.2 51.8 48.9 21

22 Miscellaneous assets 6.6 4.2 6.0 16.3 11.3 16.5 19.9 16.3 12.0 43.2 22

23 Total liabilities 785.7 845.8 941.3 1063.1 1165.8 1257.7 1381.4 1528.4 1676.1 1837.9 23

24 Net interbank liabilities -12.7 -22.0 -22.9 -22.1 -17.5 -57.2 -78.6 -76.5 -67.3 -63.8 24

25 Federal Reserve float 3.7 2.6 3.8 6.5 6.8 4.5 1.8 2.7 1.6 0.9 25

26 Borrowing from Federal Reserve banks 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 26

27 To domestic banks -5.6 -4.6 -5.3 -10.2 -18.9 -33.0 -46.4 -47.7 -45.3 -42.5 27

28 To foreign banks -11.1 -20.0 -21.7 -19.6 -6.8 -30.4 -35.6 -32.2 -24.5 -25.7 28

29 Checkable deposits 236.5 247.5 269.0 291.9 317.5 328.2 343.0 363.9 379.4 409.7 29

30 Federal government 3.1 3.0 7.3 14.1 14.5 11.9 10.8 16.9 11.5 15.5 30

31 Rest of the world 10.2 11.9 13.5 13.5 17.0 16.9 13.9 11.6 13.0 16.0 31

32 Private domestic 223.2 232.7 248.1 264.3 286.0 299.4 318.3 335.4 354.9 378.2 32

33 Small time and savings deposits 303.5 358.0 386.1 399.3 428.8 473.6 513.5 612.3 742.4 816.8 33

34 Large time deposits 144.1 128.4 152.2 194.3 204.5 243.8 287.7 289.6 250.8 284.7 34

35 Federal funds and security RPs (net) 29.9 43.8 54.4 76.9 94.3 114.8 129.7 137.9 150.0 152.0 35

36 Acceptance liabilities 15.1 18.2 20.7 20.3 27.3 33.6 42.1 51.6 54.6 51.1 36

37 Corporate bonds 4.5 5.2 5.7 5.9 6.1 6.3 6.2 6.8 6.6 10.1 37

38 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 2.3 38

39 Taxes payable (net) 0.6 0.6 0.8 0.9 1.4 0.8 0.5 0.4 0.3 3.6 39

40 Miscellaneous liabilities 64.1 66.0 75.3 95.6 103.4 113.7 137.3 142.4 157.5 171.4 40

41 Investment by bank holding companies 39.0 43.6 50.1 54.9 60.4 67.2 85.9 102.1 117.6 136.4 41

42 Other 25.1 22.4 25.1 40.7 43.0 46.5 51.3 40.3 40.0 35.0 42

 Memo:

43 Credit market funds advanced (2) 733.2 791.0 875.2 984.1 1095.6 1183.2 1278.1 1386.1 1522.7 1681.4 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, 1975-1984, March 11, 2010

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 28.7 33.8 39.2 60.5 76.3 98.1 121.5 107.6 108.6 121.6 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.6 0.6 0.7 1.3 1.7 1.0 1.3 2

 3 Total bank credit 24.7 29.5 34.9 54.5 69.5 87.4 97.4 72.7 74.6 81.9 3

 4 Open market paper 2.1 2.5 2.6 3.6 4.0 4.8 5.8 5.1 1.7 0.9 4

 5 Treasury securities 0.6 1.2 1.2 1.5 2.0 2.5 2.9 3.8 5.4 4.8 5

 6 Agency- and GSE-backed securities 0.3 0.3 0.2 0.4 0.4 0.4 0.6 0.6 0.6 0.6 6

 7 Municipal securities 0.2 0.2 0.3 0.2 0.2 0.4 0.3 0.3 0.2 0.1 7

 8 Corporate and foreign bonds 0.3 0.3 0.4 0.6 0.7 0.7 1.0 0.7 1.1 2.8 8

 9 Bank loans n.e.c. 20.3 23.8 28.5 46.6 59.8 75.3 81.1 56.1 58.7 64.4 9

10 Mortgages 0.2 0.1 0.1 0.1 0.9 2.2 3.9 5.0 5.2 5.6 10

11 Security credit 0.4 0.9 1.3 1.4 1.4 1.0 1.6 1.2 1.6 2.8 11

12 Corporate equities 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 12

13 Customers’ liab. on acceptances (2) 3.7 4.5 5.1 4.8 6.3 7.8 10.9 11.6 13.9 20.5 13

14 Miscellaneous assets 0.2 -0.2 -0.8 0.6 -0.1 2.1 11.9 21.6 19.1 17.9 14

15 Total liabilities 29.2 34.5 40.2 62.0 78.5 101.2 124.8 111.2 112.5 125.8 15

16 Net interbank liabilities 8.5 10.6 9.7 20.2 30.8 40.6 26.2 20.8 24.6 27.7 16

17 To foreign banks 5.1 8.1 9.0 12.4 18.1 17.3 -10.0 -17.9 -10.3 -5.7 17

18 To domestic banks 3.4 2.5 0.7 7.8 12.6 23.3 36.3 38.6 34.9 33.3 18

19 Checkable deposits 6.2 8.6 11.6 14.1 14.8 13.7 7.6 5.9 6.3 5.2 19

20 Small time and savings deposits 0.8 0.9 1.1 1.8 2.3 3.1 4.0 4.1 3.3 3.8 20

21 Large time deposits 7.0 7.4 9.4 15.1 18.3 25.3 32.1 35.8 27.1 31.0 21

22 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 3.2 22

23 Acceptance liabilities 3.8 4.6 5.2 4.9 6.8 8.6 11.9 13.4 15.7 22.9 23

24 Miscellaneous liabilities 2.8 2.4 3.2 5.9 5.6 9.7 43.1 31.1 32.1 32.1 24

25 Foreign direct investment in U.S. 0.9 1.0 1.2 1.4 2.0 4.6 6.6 7.8 8.7 10.3 25

26 Due to affiliates 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 26

27 Other 2.0 1.5 2.0 4.5 3.6 1.2 23.9 6.2 4.2 2.2 27

 Memo:

28 Credit market funds advanced (3) 27.8 32.9 38.4 57.7 74.3 94.1 106.6 83.1 86.8 99.6 28

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

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

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
FFA, 1975-1984, March 11, 2010 65

L.112 Bank Holding Companies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 57.3 66.3 75.5 84.2 94.2 103.1 114.2 134.2 155.7 186.4 1

 2 Credit market instruments 4.9 5.8 7.2 6.7 8.0 7.6 8.0 5.8 7.2 8.1 2

 3 Treasury securities 0.1 0.2 0.3 0.2 0.3 0.3 0.3 0.2 0.4 0.4 3

 4 Agency- and GSE-backed securities 0.3 0.5 0.7 0.5 0.8 0.9 0.8 0.6 1.0 1.2 4

 5 Corporate and foreign bonds 1.1 1.4 2.3 1.4 2.6 2.7 2.7 1.9 3.1 3.7 5

 6 Bank loans n.e.c. 3.4 3.8 3.8 4.6 4.2 3.7 4.1 3.1 2.7 2.8 6

 7 Miscellaneous assets 52.4 60.5 68.4 77.5 86.2 95.5 106.3 128.5 148.5 178.2 7

 8 Investment in bank subsidiaries 39.0 43.6 50.1 54.9 60.4 67.2 85.9 102.1 117.6 136.4 8

 9 Investment in nonbank subsidiaries 10.8 14.7 16.3 20.7 24.1 26.9 18.4 24.0 28.1 37.5 9

10 Other 2.6 2.1 1.9 1.9 1.8 1.4 1.9 2.4 2.9 4.3 10

11 Total liabilities 17.3 21.6 25.7 30.8 35.7 38.3 37.2 42.1 46.3 63.5 11

12 Net interbank liabilities -3.7 -4.6 -6.1 -6.4 -3.9 -6.0 -17.2 -20.9 -31.1 -29.2 12

13 To domestic banks -0.2 -1.0 -2.4 -3.7 -2.0 -1.9 -7.1 -8.6 -15.7 -13.2 13

14 To foreign banks -3.5 -3.6 -3.7 -2.7 -1.9 -4.0 -10.2 -12.3 -15.5 -16.1 14

15 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Credit market instruments 18.7 20.7 24.5 32.0 36.1 42.8 52.8 60.1 73.5 89.5 16

17 Commercial paper 8.7 7.9 9.1 15.8 20.4 25.9 33.0 34.6 38.0 44.1 17

18 Corporate bonds 10.0 12.8 15.4 16.2 15.8 16.9 19.9 25.6 35.5 45.4 18

19 Miscellaneous liabilities 2.4 5.5 7.3 5.2 3.4 1.5 1.5 2.9 4.0 3.2 19

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

Billions of dollars

 1 Total financial assets 6.4 6.7 7.6 9.2 11.3 14.4 17.9 17.6 21.1 20.3 1

 2 Checkable deposits and currency 0.9 0.7 1.3 1.6 2.4 2.8 2.9 3.4 3.6 4.1 2

 3 Credit market instruments 2.9 3.5 3.8 4.0 4.0 5.0 5.5 7.9 9.5 11.0 3

 4 Treasury securities 0.4 0.5 0.7 0.6 0.7 0.8 0.8 0.9 1.1 1.1 4

 5 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 5

 6 Municipal securities 0.7 1.1 1.0 1.4 1.1 1.0 0.6 0.6 0.6 0.6 6

 7 Corporate and foreign bonds 0.1 0.2 0.3 0.4 0.5 1.0 0.6 0.4 0.3 0.4 7

 8 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.4 1.2 3.9 5.7 7.0 8

 9 Home mortgages 0.8 0.9 0.9 1.0 1.1 1.2 1.2 1.0 1.1 1.2 9

10 Commercial mortgages 0.9 0.8 0.9 0.6 0.6 0.6 1.1 1.1 0.7 0.7 10

11 Miscellaneous assets 2.6 2.5 2.5 3.6 4.8 6.6 9.5 6.3 8.0 5.2 11

12 Total liabilities 6.1 6.6 7.4 9.0 11.1 14.1 17.5 17.2 20.6 19.8 12

13 Checkable deposits 4.4 4.7 4.5 4.6 5.7 5.8 5.9 6.0 5.1 4.6 13

14 Small time and savings deposits 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 14

15 Large time deposits 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 15

16 Miscellaneous liabilities -0.2 -0.1 -0.2 -0.2 -0.3 1.9 2.7 2.2 4.7 4.3 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, 1975-1984, March 11, 2010

L.114 Savings Institutions (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 453.4 520.1 599.3 673.8 733.5 792.4 828.8 870.3 1011.7 1179.7 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 2

 3 Checkable deposits and currency 3.6 3.9 3.8 5.3 5.2 6.9 8.9 12.0 13.7 11.7 3

 4 Time and savings deposits 8.1 6.7 6.8 7.2 5.0 7.5 6.8 14.0 15.1 9.6 4

 5 Federal funds and security RPs 4.9 5.4 8.0 9.1 12.0 12.3 16.8 20.8 22.6 26.3 5

 6 Credit market instruments 415.2 477.5 548.1 614.4 671.9 722.7 748.7 756.7 879.5 1018.6 6

 7 Open market paper 0.4 1.2 1.4 1.8 2.6 3.8 5.1 6.9 5.2 3.8 7

 8 Treasury securities 10.2 14.0 15.4 13.3 11.7 13.2 13.3 16.6 31.9 39.7 8

 9 Agency- and GSE-backed securities 23.7 27.1 34.2 39.9 44.9 55.2 62.7 90.8 126.9 143.7 9

10 Mortgage pass-through securities 13.7 17.7 22.5 27.4 32.4 41.2 48.1 76.7 110.7 125.4 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 9.9 9.4 11.8 12.5 12.5 13.9 14.6 14.1 16.2 18.2 12

13 Municipal securities 3.1 3.6 4.0 4.6 4.1 3.6 3.6 3.3 3.1 2.8 13

14 Corporate and foreign bonds 16.5 22.0 20.8 23.2 21.4 27.3 24.0 30.7 42.4 53.7 14

15 Private mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 16.5 22.0 20.8 23.2 21.4 27.3 24.0 30.7 42.4 53.7 17

18 Other loans and advances 0.6 1.0 1.0 1.2 2.2 2.7 3.9 5.6 11.7 20.7 18

19 Mortgages 350.7 397.8 459.4 517.2 565.0 594.3 612.2 576.3 626.9 710.1 19

20 Consumer credit 10.1 10.8 11.8 13.1 20.0 22.7 24.0 26.6 31.5 44.2 20

21 Corporate equities 4.4 4.4 4.8 4.8 4.7 4.2 3.2 3.3 4.3 4.1 21

22 Miscellaneous assets 17.1 22.2 27.8 33.0 34.6 38.7 44.4 63.5 76.4 107.7 22

23 Total liabilities 436.0 501.1 577.3 648.3 705.6 765.8 810.5 856.5 999.9 1171.9 23

24 Deposits 395.6 458.8 520.8 573.6 616.0 665.3 688.5 740.5 857.4 976.7 24

25 Checkable 1.2 1.8 2.5 3.1 3.9 5.0 12.8 19.3 28.5 34.9 25

26 Small time and savings 388.2 449.4 508.4 554.3 580.6 616.2 621.9 656.0 728.3 792.3 26

27 Large time 6.2 7.6 9.9 16.2 31.6 44.1 53.8 65.2 100.5 149.5 27

28 Security RPs 2.0 1.9 3.9 6.5 8.1 10.1 15.3 13.5 26.6 43.4 28

29 Credit market instruments 19.1 16.8 22.7 37.8 47.9 55.4 71.4 72.5 66.8 90.3 29

30 Corporate bonds 0.1 0.1 1.3 2.0 3.4 3.7 3.2 3.7 4.0 5.9 30

31 Bank loans n.e.c. 1.2 0.8 1.3 3.1 2.7 2.7 3.0 2.8 3.2 8.9 31

32 Other loans and advances 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 59.6 75.5 32

33 Taxes payable 0.4 0.6 0.8 1.0 0.8 0.8 0.9 0.9 1.0 0.8 33

34 Miscellaneous liabilities 18.9 23.0 29.1 29.5 32.8 34.2 34.5 29.1 48.2 60.7 34

35 Investment by parent 0.9 1.5 2.6 3.8 4.8 5.5 5.9 5.3 5.3 6.5 35

36 Other 18.0 21.5 26.4 25.7 28.0 28.8 28.5 23.8 42.9 54.2 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
FFA, 1975-1984, March 11, 2010 67

L.115 Credit Unions

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 36.1 42.4 50.4 57.2 61.9 67.6 70.9 81.0 96.3 110.8 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 0.9 0.8 0.8 0.9 1.1 1.2 1.6 1.8 2.2 2.6 3

 4 Time and savings deposits 4.2 4.1 5.0 3.6 4.6 7.1 7.1 14.5 16.2 15.0 4

 5 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.7 2.4 3.2 4.3 4.6 5

 6 Credit market instruments 31.7 38.4 45.6 52.0 53.8 53.0 55.0 57.3 69.4 85.0 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 7

 8 Treasury securities 1.2 1.3 1.4 0.7 0.6 0.9 1.0 1.3 2.7 3.7 8

 9 Agency- and GSE-backed securities 2.9 3.4 3.8 3.6 2.7 3.3 3.6 4.5 6.3 5.9 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 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Home mortgages 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 12

13 Consumer credit 25.7 31.2 37.6 45.2 47.4 44.1 46.7 48.8 56.1 67.9 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Miscellaneous assets -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 15

16 Total liabilities 33.9 39.9 48.1 54.6 59.0 64.8 67.8 77.1 92.0 105.5 16

17 Shares/deposits 33.0 39.0 46.7 53.0 57.5 61.7 64.6 74.8 89.7 102.6 17

18 Checkable 0.1 0.3 0.6 1.1 1.5 3.3 3.9 5.7 8.0 9.5 18

19 Small time and savings 32.9 38.7 46.1 51.8 55.7 57.9 60.2 68.4 81.0 92.3 19

20 Large time 0.0 0.0 0.0 0.1 0.3 0.5 0.6 0.7 0.7 0.8 20

21 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous liabilities 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 22

L.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Total financial assets 80.3 97.9 118.3 139.8 161.7 182.1 194.4 212.3 235.2 250.9 1

 2 Checkable deposits and currency 1.7 1.9 2.2 2.6 2.9 2.9 3.0 3.0 2.6 3.1 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.1 4.1 13.7 17.9 3

 4 Credit market instruments 53.7 66.2 83.7 100.2 113.7 123.5 132.0 137.0 138.6 150.3 4

 5 Treasury securities 4.7 7.3 9.8 10.5 10.7 12.2 13.5 14.1 17.4 23.3 5

 6 Agency- and GSE-backed securities 3.3 3.9 4.4 4.9 6.0 6.2 7.0 8.5 10.7 13.9 6

 7 Municipal securities 33.3 38.7 49.4 62.9 72.8 80.5 83.9 87.0 86.7 84.7 7

 8 Corporate and foreign bonds 12.2 16.1 19.8 21.6 23.6 23.6 26.3 25.8 21.6 25.7 8

 9 Commercial mortgages 0.2 0.3 0.4 0.4 0.7 1.0 1.3 1.6 2.3 2.7 9

10 Corporate equities 14.2 16.9 17.1 19.4 24.8 32.3 32.4 38.5 48.1 44.7 10

11 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade receivables 7.7 8.9 10.2 11.7 13.6 15.6 18.1 20.2 22.2 25.0 12

13 Miscellaneous assets 3.0 4.0 5.2 5.9 6.8 7.8 8.9 9.5 9.9 9.9 13

14 Total liabilities 59.7 70.3 83.1 97.5 113.0 127.8 139.5 150.9 163.7 177.9 14

15 Taxes payable (net) 0.3 0.4 0.5 0.6 0.6 0.7 0.7 0.8 0.7 0.8 15

16 Miscellaneous liabilities 59.4 69.9 82.6 96.9 112.4 127.0 138.8 150.1 163.0 177.2 16
68 FFA, 1975-1984, March 11, 2010

L.117 Life Insurance Companies

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 279.7 311.1 339.9 378.3 419.3 464.2 507.5 567.5 632.7 697.2 1

 2 Checkable deposits and currency 1.9 2.0 2.1 2.4 2.7 3.2 4.3 4.6 4.0 4.6 2

 3 Money market fund shares 0.0 0.0 0.2 0.4 1.0 1.9 5.6 6.7 4.8 7.0 3

 4 Credit market instruments 234.6 258.3 285.8 318.9 352.0 385.1 419.8 463.2 513.8 570.1 4

 5 Open market paper 4.8 5.2 4.9 6.3 8.0 10.1 17.6 21.7 25.2 29.3 5

 6 Treasury securities 4.7 5.4 5.3 4.8 4.9 5.8 8.2 16.5 28.6 41.2 6

 7 Agency- and GSE-backed securities 1.4 2.3 4.0 6.5 9.4 11.1 14.3 18.6 25.9 36.9 7

 8 Municipal securities 4.5 5.6 6.1 6.4 6.4 6.7 7.2 9.0 10.0 8.7 8

 9 Corporate and foreign bonds 105.5 122.4 141.2 158.5 170.1 178.8 186.1 202.3 219.1 242.8 9

10 Other loans and advances 24.5 25.8 27.6 30.1 34.8 41.4 48.7 53.0 54.1 54.5 10

11 Mortgages 89.2 91.6 96.8 106.2 118.4 131.1 137.7 142.0 151.0 156.7 11

12 Corporate equities 27.5 33.7 32.3 35.1 38.9 46.3 46.2 52.9 62.2 60.3 12

13 Mutual fund shares 0.6 0.6 0.6 0.6 0.9 1.1 1.5 2.8 2.7 3.0 13

14 Miscellaneous assets 15.0 16.5 18.8 21.0 23.9 26.6 30.3 37.3 45.3 52.2 14

15 Total liabilities 267.0 296.1 324.8 359.2 396.9 438.4 482.9 540.0 595.7 662.1 15

16 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Life insurance reserves 158.5 167.1 176.4 187.3 197.7 207.4 216.3 223.3 231.1 236.1 17

18 Pension fund reserves (1) 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 18

19 Taxes payable (net) 0.7 0.9 1.3 1.6 1.6 2.0 1.9 2.1 2.0 2.1 19

20 Miscellaneous liabilities 35.5 39.4 44.0 48.8 54.1 57.1 64.9 71.7 81.0 95.6 20

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

L.118 Private Pension Funds (1)

Billions of dollars

 1 Total financial assets 244.3 275.3 297.3 351.3 413.1 513.0 539.2 669.0 815.1 876.2 1

 2 Checkable deposits and currency 4.4 4.5 4.8 5.2 5.1 4.2 3.4 2.3 2.7 3.3 2

 3 Time and savings deposits 14.5 16.6 19.6 23.7 27.9 31.8 36.5 49.4 61.0 68.0 3

 4 Money market fund shares 0.0 0.0 0.1 0.4 1.2 2.6 6.6 4.7 5.9 6.9 4

 5 Security RPs 4.3 4.7 5.7 6.9 7.8 8.4 8.3 8.7 10.6 10.9 5

 6 Credit market instruments 71.2 77.8 88.2 98.7 120.8 151.4 178.6 225.4 267.5 305.9 6

 7 Open market paper 9.1 11.0 11.3 11.2 15.4 19.5 24.5 15.2 17.2 19.7 7

 8 Treasury securities 12.4 18.1 21.3 23.2 26.0 32.2 46.7 75.2 93.3 108.4 8

 9 Agency- and GSE-backed securities 5.5 6.1 8.5 8.7 12.6 18.3 20.2 32.0 38.9 44.6 9

10 Corporate and foreign bonds 41.9 40.2 44.6 53.0 63.7 77.7 83.3 95.2 108.0 123.4 10

11 Mortgages 2.4 2.4 2.5 2.7 3.1 3.6 3.9 7.8 10.1 9.7 11

12 Corporate equities 108.0 125.5 123.6 150.3 175.4 232.0 227.5 294.4 364.8 374.6 12

13 Mutual fund shares 2.8 3.5 3.7 3.7 5.1 7.1 4.1 5.8 6.9 7.9 13

14 Miscellaneous assets 39.1 42.6 51.5 62.4 69.9 75.4 74.3 78.3 95.5 98.6 14

15 Unallocated insurance contracts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Contributions receivable 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 16

17 Other 35.5 38.5 47.0 57.1 63.7 67.8 66.4 68.5 83.5 85.7 17

18 Pension fund reserves (liabilities) (3) 248.4 279.7 302.1 357.0 420.9 523.7 553.9 687.3 838.3 897.8 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, 1975-1984, March 11, 2010 69

L.119 State and Local Government Employee Retirement Funds

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 104.0 119.2 130.9 152.0 167.7 195.8 221.3 258.1 300.2 346.5 1

 2 Checkable deposits and currency 0.3 0.3 0.3 0.4 0.6 0.6 0.6 1.0 1.4 2.0 2

 3 Time and savings deposits 1.2 1.1 1.4 2.4 3.5 3.7 3.8 6.0 8.8 12.0 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 5

 6 Credit market instruments 78.3 87.7 99.2 116.0 126.6 147.2 169.0 190.7 198.8 233.2 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 7

 8 Treasury securities 2.5 4.1 6.8 9.5 14.7 20.9 27.6 36.9 48.9 67.9 8

 9 Agency- and GSE-backed securities 5.3 6.8 9.6 14.0 15.4 19.1 24.3 34.3 39.3 43.3 9

10 Municipal securities 1.9 3.4 3.5 4.0 3.9 4.1 3.9 3.1 2.0 1.5 10

11 Corporate and foreign bonds 61.0 65.7 71.3 80.0 83.0 92.2 100.8 102.6 93.0 102.7 11

12 Mortgages 7.5 7.7 8.0 8.6 9.6 10.9 12.5 13.8 14.7 15.3 12

13 Corporate equities 24.3 30.1 30.0 33.3 37.1 44.3 47.8 60.2 89.6 96.5 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 15

16 Pension fund reserves (liabilities) (1) 104.2 119.5 131.3 152.5 168.4 196.8 222.6 259.6 302.0 349.0 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 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 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 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets (2) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 7

 8 Pension fund reserves (liabilities) (3) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 8

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

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
70 FFA, 1975-1984, March 11, 2010

L.121 Money Market Mutual Funds (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 1

 2 Foreign deposits 0.0 0.0 0.0 0.5 5.1 6.8 18.8 23.8 21.9 21.1 2

 3 Checkable deposits and currency 0.0 0.0 0.0 0.1 0.1 0.2 -0.5 0.3 -0.3 -1.2 3

 4 Time and savings deposits 2.1 1.5 1.8 4.5 12.0 21.2 44.4 41.1 24.3 24.0 4

 5 Security RPs 0.1 0.1 0.3 0.3 2.4 5.6 14.5 16.2 13.0 22.6 5

 6 Credit market instruments 1.5 2.1 1.9 5.1 24.9 42.0 107.5 137.6 119.7 164.1 6

 7 Open market paper 0.5 0.9 1.1 3.7 19.3 31.6 70.4 69.1 66.2 97.3 7

 8 Treasury securities 0.9 1.1 0.9 0.9 1.6 3.5 21.5 42.6 22.8 25.2 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.6 4.0 4.8 10.4 12.0 13.4 16.9 9

10 Municipal securities 0.0 0.0 0.0 0.0 0.0 2.0 4.4 13.3 16.9 24.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.3 0.8 0.5 0.4 0.8 11

12 Miscellaneous assets -0.1 -0.1 -0.2 0.3 0.7 0.6 1.6 1.0 0.8 1.7 12

13 Total shares outstanding (liabilities) 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.122 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 1

 2 Security RPs 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 1.2 2

 3 Credit market instruments 8.0 8.4 12.3 12.5 14.5 17.1 20.2 25.4 34.9 53.9 3

 4 Open market paper 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 8.5 4

 5 Treasury securities 1.1 1.1 1.8 1.6 1.5 1.9 2.8 5.1 4.1 6.6 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 5.4 6

 7 Municipal securities 0.0 0.5 2.2 2.7 4.0 4.4 5.1 8.0 13.4 19.1 7

 8 Corporate and foreign bonds 5.6 6.0 7.0 6.4 7.2 8.5 10.1 10.2 13.0 14.2 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 33.7 37.3 31.9 31.7 35.4 42.4 37.4 49.4 74.4 80.6 10

11 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Total shares outstanding (liabilities) 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 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 9.0 9.3 7.4 8.0 7.9 7.9 7.1 7.5 7.4 6.4 1

 2 Credit market instruments 3.1 3.4 2.7 3.0 3.0 3.0 2.9 3.4 3.1 2.7 2

 3 Treasury securities 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 2.4 2.6 2.1 2.3 2.4 2.4 2.3 2.8 2.6 2.2 5

 6 Corporate equities 5.8 6.0 4.7 5.1 4.9 4.9 4.2 4.1 4.3 3.7 6

 7 Total shares outstanding (liabilities) 9.0 9.3 7.4 8.0 7.9 7.9 7.1 7.5 7.4 6.4 7

 Exchange-traded funds

 8 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 13

14 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
FFA, 1975-1984, March 11, 2010 71

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 93.4 97.8 105.9 134.5 165.6 195.1 232.6 254.8 256.5 297.7 1

 2 Checkable deposits and currency 0.3 0.2 0.3 0.3 0.5 0.5 0.7 0.6 0.8 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) 1.8 2.1 2.2 3.6 4.2 6.0 9.5 14.9 12.6 20.9 4

 5 Credit market instruments 89.8 94.5 101.4 128.1 158.1 184.5 217.7 233.7 236.4 265.9 5

 6 Open market paper 1.2 1.2 1.4 0.2 0.3 0.4 0.7 0.4 0.8 0.7 6

 7 Treasury securities 2.9 4.4 1.0 1.4 1.2 1.7 1.9 3.4 1.8 2.7 7

 8 Agency- and GSE-backed securities 0.4 0.5 0.1 0.2 0.6 0.8 1.0 0.9 0.5 0.7 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.2 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 31.8 32.1 38.5 53.1 67.8 78.2 95.9 95.1 90.1 104.9 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 3.3 12

13 Farm Credit System 14.0 16.2 18.3 20.5 25.9 29.2 30.7 29.1 28.6 26.9 13

14 FHLB 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 59.0 74.6 14

15 Mortgages 53.5 56.4 59.9 72.2 86.6 100.8 113.4 127.5 137.9 150.1 15

16 Home 30.9 31.4 31.9 40.9 50.1 57.8 64.0 74.3 83.7 94.4 16

17 Multifamily residential 6.4 6.4 6.4 6.4 6.6 6.7 5.5 5.4 5.3 6.5 17

18 Farm 16.1 18.6 21.6 24.9 29.9 36.3 43.9 47.8 48.9 49.2 18

19 Consumer credit (2) 0.0 0.0 0.5 0.9 1.5 2.6 4.8 6.4 4.6 5.6 19

20 Miscellaneous assets 1.5 1.0 2.0 2.4 2.9 4.1 4.7 5.7 6.7 9.5 20

21 Total liabilities 91.0 95.0 102.6 130.7 161.2 190.4 227.4 248.4 249.6 290.2 21

22 Credit market instruments 80.3 82.4 88.7 112.2 137.0 162.6 195.0 210.4 211.8 242.2 22

23 GSE issues (3) 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 23

24 U.S. government loans 1.6 1.2 0.5 0.9 1.5 2.7 4.6 5.0 5.0 5.0 24

25 Miscellaneous liabilities 10.6 12.6 13.9 18.5 24.2 27.7 32.4 38.0 37.8 48.0 25

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation.

 The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 1

 2 Home mortgages 25.3 37.3 53.0 65.4 88.4 107.1 125.0 174.3 239.4 283.0 2

 3 Multifamily residential mortgages 1.2 1.7 2.6 4.1 5.3 6.0 3.2 3.6 4.8 5.5 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 2.0 1.8 1.2 1.0 1.0 0.9 0.7 0.6 0.5 0.5 5

 6 Total pool securities (liabilities)(2) 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for

 agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
72 FFA, 1975-1984, March 11, 2010

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 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) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 8.8 3

 4 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 5

 6 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 6

 7 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 10

11 Total liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 21.3 11

12 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 12

13 Corporate bonds (net) (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 19.8 13

 Memo:

 Securitized assets not included above

14 Consumer leases (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 REIT assets (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 15

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

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

 The leased automobile is a tangible asset.

(4) Included in table L.128.

(5) Liabilities net of assets.

L.127 Finance Companies (1)

Billions of dollars

 1 Total financial assets 106.5 117.6 140.4 168.6 200.5 213.1 237.8 250.5 276.3 309.0 1

 2 Checkable deposits and currency 2.9 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.5 2

 3 Time and savings deposits 1.0 1.0 1.1 1.1 1.1 1.2 1.2 1.2 1.3 1.2 3

 4 Credit market instruments 95.0 106.6 128.6 154.2 183.4 195.8 218.6 228.9 254.0 302.5 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.6 5

 6 Other loans and advances 40.9 49.5 63.0 74.4 84.5 86.9 97.6 98.3 110.4 131.9 6

 7 Mortgages 12.9 14.2 17.3 22.2 28.0 29.9 33.2 37.3 40.0 45.4 7

 8 Consumer credit 41.3 42.9 48.4 57.7 70.8 78.9 87.8 93.2 103.7 111.7 8

 9 Miscellaneous assets 7.6 6.9 7.5 9.9 12.5 12.5 14.3 16.7 17.2 1.8 9

10 Total liabilities 95.9 106.6 128.6 155.6 186.0 196.3 220.8 232.9 258.0 290.4 10

11 Credit market instruments 81.7 88.5 108.4 124.6 144.7 138.5 153.4 158.3 173.8 199.2 11

12 Open market paper 28.0 31.3 39.6 47.4 60.7 47.6 57.2 51.4 60.5 73.1 12

13 Corporate bonds 40.4 44.0 52.1 57.2 59.6 65.5 68.9 77.0 81.0 90.5 13

14 Bank loans n.e.c. 13.3 13.3 16.7 20.1 24.4 25.4 27.3 29.9 32.3 35.5 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 0.3 0.3 0.4 0.5 0.4 0.3 0.2 0.1 0.1 0.1 16

17 Miscellaneous liabilities 13.9 17.8 19.8 30.5 40.9 57.5 67.1 74.5 84.1 91.1 17

18 Foreign direct investment in U.S. 0.1 0.1 0.1 0.1 0.1 0.4 0.0 0.4 0.0 1.9 18

19 Investment by parent 11.9 16.2 17.7 22.2 25.7 29.0 21.1 28.4 33.6 43.0 19

20 Other 1.9 1.5 2.1 8.2 15.0 28.1 46.0 45.7 50.5 46.2 20

 Memo:

21 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 1.7 1.9 2.0 3.1 5.9 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
FFA, 1975-1984, March 11, 2010 73

L.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 7.3 4.6 3.5 3.3 3.3 3.2 3.2 3.4 3.5 7.6 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 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 6.1 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Mortgages 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 3.5 6

 7 Home 0.7 0.6 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 7

 8 Multifamily residential 2.6 1.5 1.1 0.9 0.9 0.8 0.8 0.9 0.9 1.3 8

 9 Commercial 3.8 2.6 1.9 1.7 1.7 1.6 1.6 1.6 1.5 1.9 9

10 Miscellaneous assets 0.1 0.0 0.1 0.2 0.4 0.5 0.5 0.6 0.8 1.5 10

11 Total liabilities 8.9 7.1 5.1 4.7 4.4 4.1 4.0 4.0 3.8 6.8 11

12 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Credit market instruments 8.7 6.9 5.0 4.4 4.1 3.8 3.7 3.7 3.5 6.3 13

14 Open market paper 0.8 0.6 0.5 0.6 0.8 0.5 0.6 0.4 0.4 0.6 14

15 Corporate bonds 1.1 0.9 0.8 0.6 0.6 0.6 0.7 0.7 0.7 2.8 15

16 Bank loans n.e.c. 5.3 3.4 1.9 1.2 0.8 0.7 0.6 0.6 0.4 0.4 16

17 Mortgages 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 17

18 Miscellaneous liabilities 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 0.5 18

 Memo:

19 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 20

21 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1975-1984, March 11, 2010

L.129 Security Brokers and Dealers

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 21.5 34.1 30.0 32.5 32.7 45.4 59.8 83.3 90.5 118.4 1

 2 Checkable deposits and currency 0.7 1.0 1.0 1.2 2.2 3.0 2.8 4.5 3.6 3.9 2

 3 Credit market instruments 8.8 16.6 11.3 7.6 3.9 6.6 20.9 36.2 25.5 54.1 3

 4 Open market paper 4.0 7.2 6.7 5.8 7.2 6.8 11.6 16.4 11.6 17.3 4

 5 Treasury securities 1.2 5.6 0.4 -1.6 -7.0 -4.7 3.0 9.2 -0.5 12.1 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 Municipal securities 0.6 1.7 2.1 1.9 2.2 2.5 3.0 4.6 6.5 11.0 7

 8 Corporate and foreign bonds 3.0 2.1 2.2 1.5 1.6 2.0 3.4 5.9 7.9 13.7 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 3.4 1.5 1.8 1.9 2.6 3.3 3.5 4.9 10.0 8.9 10

11 Security credit 8.6 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 11

12 Miscellaneous assets 0.0 2.5 1.3 4.7 6.5 7.8 9.5 11.9 17.1 19.6 12

13 Total liabilities 17.6 30.4 26.6 28.6 28.5 39.1 52.5 74.9 80.1 108.1 13

14 Security RPs (net) -2.8 -0.6 -6.0 -7.3 -9.6 -8.7 -0.3 24.3 8.4 25.5 14

15 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 15

16 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 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 1.0 1.0 1.1 1.2 1.3 1.7 2.1 2.6 5.1 5.5 18

19 Security credit 19.9 27.4 29.6 29.5 30.5 37.2 40.9 44.1 49.2 56.0 19

20 Customer credit balances (HH) 4.8 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 20

21 From banks 15.0 21.7 23.9 21.0 20.2 20.9 26.2 26.2 28.7 34.5 21

22 Taxes payable 0.1 0.2 0.1 0.2 0.2 0.5 0.3 0.6 0.5 0.4 22

23 Miscellaneous liabilities -0.5 2.4 1.7 5.0 6.1 8.5 9.5 3.3 16.5 19.6 23

24 Foreign direct investment in U.S. 0.6 0.8 1.0 1.0 1.3 0.9 1.1 1.8 2.3 3.7 24

25 Due to affiliates 0.0 0.0 0.0 0.0 0.0 8.6 4.2 5.7 6.7 7.5 25

26 Other -1.1 1.7 0.7 4.0 4.8 -1.0 4.2 -4.2 7.5 8.4 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 1.3 1.4 1.8 2.9 3.0 16.0 26.2 39.4 75.2 60.5 1

 2 Money market fund shares 0.0 0.3 0.2 0.5 0.6 0.6 1.1 1.4 2.9 3.0 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 1.3 1.1 1.6 2.4 2.4 2.9 8.3 15.2 46.4 30.4 4

 5 Open market paper 1.3 1.1 1.6 2.4 2.4 2.9 8.3 15.2 46.4 30.4 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 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 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 9

10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 10

11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 4.2 5.7 6.7 7.5 11

12 Total liabilities 1.3 1.4 1.8 2.9 3.0 16.0 26.2 39.4 75.2 60.5 12

13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.7 26.1 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 1.0 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 1.3 1.4 1.8 2.9 3.0 3.4 9.4 16.6 49.3 33.4 18

19 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Securities loaned (net) 0.0 0.6 0.5 1.0 1.1 1.1 2.1 2.3 5.2 5.4 20

21 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Other (net) 1.3 0.8 1.3 1.9 1.8 2.3 7.3 14.3 44.1 28.0 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, 1975-1984, March 11, 2010 75

L.200 Gold and Official Foreign Exchange Holdings (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total U.S. reserves 16.2 18.7 19.3 18.7 19.0 26.8 30.1 34.0 33.7 34.9 1

 2 U.S. gold stock and SDRs 13.9 14.0 14.3 13.2 13.9 13.8 15.2 16.4 16.1 16.7 2

 3 Federal govt.: Exchange Stab. Fund 2.3 2.4 2.6 1.6 2.7 2.6 4.1 5.3 5.0 5.6 3

 4 Monetary authority (2) 11.6 11.6 11.7 11.7 11.2 11.2 11.2 11.1 11.1 11.1 4

 5 U.S. foreign exchange position 2.3 4.8 5.0 5.4 5.1 13.0 14.8 17.6 17.6 18.2 5

 6 Official foreign currency holdings 0.1 0.3 0.0 4.4 3.8 10.1 9.8 10.2 6.3 6.7 6

 7 Treasury 0.0 0.2 0.0 2.8 1.3 5.0 4.6 4.4 2.6 3.1 7

 8 Monetary authority 0.1 0.2 0.0 1.6 2.5 5.1 5.1 5.8 3.7 3.6 8

 9 Net IMF position 2.2 4.4 5.0 1.0 1.3 2.9 5.1 7.3 11.3 11.5 9

10 Federal government 2.2 4.5 5.0 1.1 1.3 2.9 5.1 7.4 11.4 11.6 10

11 Monetary authority -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.0 -0.0 -0.0 -0.1 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of

 foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows.

(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 1

 2 Asset: Monetary authority 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 2

 Treasury currency:

 3 Liab: Federal government 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 3

 4 Asset: Monetary authority 10.2 10.8 11.3 11.8 13.1 13.8 14.5 15.0 15.7 16.4 4

 5 Discrepancy (seigniorage) -2.0 -2.2 -2.4 -2.4 -2.6 -2.8 -3.0 -3.2 -3.4 -3.5 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 5.8 7.4 8.8 17.1 26.9 31.4 41.8 49.5 141.6 140.0 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 2

 3 Nonfinancial corporate business 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 3

 4 Money market mutual funds 0.0 0.0 0.0 0.5 5.1 6.8 18.8 23.8 21.9 21.1 4

 5 Discrepancy--unallocated assets 3.2 4.0 3.1 8.3 11.7 14.9 10.6 13.3 98.3 98.7 5
76 FFA, 1975-1984, March 11, 2010

L.203 Net Interbank Transactions

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 30.4 21.3 21.6 38.4 57.7 24.7 -25.8 -30.7 -31.4 -19.3 1

 2 Monetary authority 38.3 37.3 40.8 46.7 48.3 47.3 43.9 46.0 42.4 46.1 2

 3 Depository institution reserves 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 21.8 3

 4 Vault cash 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 4

 5 Commercial banking -7.9 -16.0 -19.2 -8.3 9.4 -22.5 -69.6 -76.7 -73.9 -65.4 5

 6 To monetary authority 3.9 2.6 4.1 7.7 8.2 6.3 3.4 3.5 2.5 4.4 6

 7 To banks in foreign countries, net -9.5 -15.4 -16.4 -10.0 9.5 -17.1 -55.8 -62.5 -50.3 -47.5 7

 8 Liabilities, net -5.4 -9.5 -8.4 -2.5 16.8 -4.4 -40.0 -38.9 -28.6 -28.8 8

 9 U.S.-chartered commercial banks -8.5 -15.5 -16.7 -15.5 -2.9 -23.1 -24.9 -11.7 -5.3 -11.1 9

10 Due to foreign affiliates 3.7 4.3 7.8 12.2 25.9 20.2 25.9 23.2 31.6 32.5 10

11 - Due from foreign affiliates 12.1 19.8 24.5 27.7 28.8 43.3 50.8 34.9 36.9 43.6 11

12 Foreign banking offices in U.S. 6.6 9.5 12.0 15.8 21.5 22.7 -5.0 -14.9 -7.9 -1.6 12

13 Due to foreign affiliates 14.8 18.8 24.4 31.5 46.9 60.4 37.5 31.2 36.4 35.6 13

14 - Due from foreign affiliates 8.2 9.3 12.4 15.7 25.4 37.7 42.5 46.1 44.3 37.2 14

15 Bank holding companies -3.5 -3.6 -3.7 -2.7 -1.9 -4.0 -10.2 -12.3 -15.5 -16.1 15

16 Due to foreign affiliates 0.7 0.8 0.9 0.2 1.0 1.8 2.9 3.2 3.9 4.6 16

17 - Due from foreign affiliates 4.2 4.4 4.6 2.9 2.9 5.9 13.0 15.5 19.3 20.7 17

18 Less: Deposits at foreign banks 4.1 5.9 8.0 7.5 7.3 12.7 15.7 23.5 21.7 18.7 18

19 U.S. chartered commercial banks 2.6 4.5 4.9 4.1 3.9 7.3 10.7 20.5 19.3 14.6 19

20 Foreign banking offices in U.S. 1.5 1.4 3.0 3.4 3.4 5.4 5.0 3.0 2.4 4.1 20

21 To U.S. banking, net -2.4 -3.1 -6.9 -6.0 -8.3 -11.7 -17.2 -17.7 -26.1 -22.3 21

22 U.S.-chartered commercial banks -5.6 -4.6 -5.3 -10.2 -18.9 -33.0 -46.4 -47.7 -45.3 -42.5 22

23 Liabilities 11.1 14.9 18.9 27.8 35.4 38.1 37.7 31.8 28.4 26.6 23

24 To foreign offices in U.S. 12.0 15.5 21.7 27.1 36.1 40.5 40.9 33.7 32.1 28.9 24

25 To bank holding companies 1.5 2.6 4.1 6.7 7.6 9.4 14.0 15.7 22.4 19.9 25

26 Unallocated -2.4 -3.1 -6.9 -6.0 -8.3 -11.7 -17.2 -17.7 -26.1 -22.3 26

 Less, due from:

27 Foreign offices in U.S. 15.4 18.0 22.5 34.9 48.7 63.8 77.2 72.4 66.9 62.3 27

28 Bank holding companies 1.3 1.5 1.7 3.0 5.6 7.4 6.9 7.1 6.7 6.8 28

29 Foreign banking offices in U.S. 3.4 2.5 0.7 7.8 12.6 23.3 36.3 38.6 34.9 33.3 29

30 Due to U.S. banks 15.4 18.0 22.5 34.9 48.7 63.8 77.2 72.4 66.9 62.3 30

31 - Due from U.S. banks 12.0 15.5 21.7 27.1 36.1 40.5 40.9 33.7 32.1 28.9 31

32 Bank holding companies -0.2 -1.0 -2.4 -3.7 -2.0 -1.9 -7.1 -8.6 -15.7 -13.2 32

33 Due to U.S. banks 1.3 1.5 1.7 3.0 5.6 7.4 6.9 7.1 6.7 6.8 33

34 - Due from U.S. banks 1.5 2.6 4.1 6.7 7.6 9.4 14.0 15.7 22.4 19.9 34

35 Total assets 32.7 24.5 28.5 44.4 66.0 36.4 -8.5 -13.0 -5.4 3.0 35

36 Rest of the world -9.5 -15.4 -16.4 -10.0 9.5 -17.1 -55.8 -62.5 -50.3 -47.5 36

37 Domestic 42.2 39.9 44.9 54.4 56.5 53.5 47.2 49.5 44.9 50.5 37

38 Monetary authority 3.9 2.6 4.1 7.7 8.2 6.3 3.4 3.5 2.5 4.4 38

39 Federal Reserve float 3.7 2.6 3.8 6.5 6.8 4.5 1.8 2.7 1.6 0.9 39

40 Loans to member banks 0.2 0.0 0.3 1.2 1.5 1.8 1.6 0.7 0.9 3.6 40

41 Commercial banking 38.3 37.3 40.8 46.7 48.3 47.3 43.9 46.0 42.4 44.4 41

42 Reserves at Federal Reserve 26.1 25.2 26.9 31.2 29.8 27.5 25.2 26.5 21.4 20.2 42

43 Vault cash 12.3 12.1 13.9 15.5 18.5 19.8 18.6 19.5 21.0 24.2 43

44 Savings insts.: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 44

45 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Discrepancy--floats, etc. -2.4 -3.1 -6.9 -6.0 -8.3 -11.7 -17.2 -17.7 -26.1 -22.3 46
FFA, 1975-1984, March 11, 2010 77

L.204 Checkable Deposits and Currency

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 1

 2 Monetary authority 82.6 93.2 98.0 104.3 112.5 121.5 132.4 142.5 155.5 165.8 2

 3 Federal government cash and deposits 7.8 10.9 7.5 4.4 4.6 3.5 4.7 5.5 4.1 5.8 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign 0.5 0.6 0.6 0.7 0.8 0.5 0.7 0.4 0.5 0.4 5

 6 Currency outside banks 74.4 81.7 89.9 99.2 107.1 117.5 126.9 136.6 150.9 159.6 6

 7 Commercial banking 247.2 260.9 285.1 310.6 338.0 347.8 356.5 375.8 390.8 419.5 7

 8 Federal government deposits 3.1 3.0 7.3 14.1 14.5 11.9 10.8 16.9 11.5 15.5 8

 9 Deposits due to foreign 13.2 16.2 18.7 18.3 22.7 22.9 19.0 15.6 17.1 19.3 9

10 Private domestic deposits 230.9 241.6 259.2 278.2 300.9 312.9 326.7 343.3 362.1 384.7 10

11 Savings institutions 1.2 1.8 2.5 3.1 3.9 5.0 12.8 19.3 28.5 34.9 11

12 Credit unions 0.1 0.3 0.6 1.1 1.5 3.3 3.9 5.7 8.0 9.5 12

13 Total assets 331.1 356.2 386.3 419.0 455.8 477.5 505.6 543.3 582.8 629.7 13

14 Household sector 153.3 163.8 178.3 192.9 211.7 227.2 271.0 286.7 294.1 308.6 14

15 Nonfinancial business 83.0 89.7 96.1 105.7 114.7 117.1 98.5 112.6 142.7 160.8 15

16 Corporate 58.3 63.0 66.7 73.0 79.1 78.7 57.7 68.0 89.6 102.7 16

17 Nonfarm noncorporate 17.8 19.8 22.4 25.6 28.3 31.1 33.3 36.8 45.0 49.8 17

18 Farm 6.9 6.9 7.0 7.1 7.3 7.4 7.6 7.8 8.1 8.3 18

19 State and local governments 13.4 12.4 13.5 13.4 13.0 12.4 11.0 9.4 8.7 13.8 19

20 Federal government 11.2 15.0 14.6 18.7 19.2 16.2 17.4 24.5 16.4 21.8 20

21 Rest of the world 23.6 28.1 32.0 34.0 40.1 42.9 40.7 39.5 45.1 49.6 21

22 Checkable deposits 13.7 16.9 19.3 19.0 23.4 23.5 19.7 16.0 17.6 19.7 22

23 Currency 9.9 11.3 12.7 14.9 16.6 19.4 21.0 23.4 27.5 29.9 23

24 Financial sectors 17.7 18.5 19.9 23.3 26.2 29.0 31.4 37.1 38.2 39.0 24

25 Commercial banking 0.9 0.7 1.3 1.6 2.4 2.8 2.9 3.4 3.6 4.1 25

26 Savings institutions 3.6 3.9 3.8 5.3 5.2 6.9 8.9 12.0 13.7 11.7 26

27 Credit unions 0.9 0.8 0.8 0.9 1.1 1.2 1.6 1.8 2.2 2.6 27

28 Property-casualty insurance companies 1.7 1.9 2.2 2.6 2.9 2.9 3.0 3.0 2.6 3.1 28

29 Life insurance companies 1.9 2.0 2.1 2.4 2.7 3.2 4.3 4.6 4.0 4.6 29

30 Private pension funds 4.4 4.5 4.8 5.2 5.1 4.2 3.4 2.3 2.7 3.3 30

31 State and local govt. retirement funds 0.3 0.3 0.3 0.4 0.6 0.6 0.6 1.0 1.4 2.0 31

32 Money market mutual funds 0.0 0.0 0.0 0.1 0.1 0.2 -0.5 0.3 -0.3 -1.2 32

33 Government-sponsored enterprises 0.3 0.2 0.3 0.3 0.5 0.5 0.7 0.6 0.8 1.3 33

34 Finance companies 2.9 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.5 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 0.7 1.0 1.0 1.2 2.2 3.0 2.8 4.5 3.6 3.9 36

37 Mail float 29.0 28.8 31.9 31.1 31.0 32.7 35.7 33.5 37.5 36.0 37
78 FFA, 1975-1984, March 11, 2010

L.205 Time and Savings Deposits 

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 884.7 992.4 1116.2 1237.6 1327.6 1470.9 1582.6 1741.2 1945.0 2182.0 1

 2 Small time and savings deposits 726.5 848.0 943.2 1009.6 1070.2 1154.0 1204.0 1345.3 1560.4 1710.6 2

 3 Commercial banking 305.3 359.9 388.7 403.4 433.9 479.9 521.9 621.0 751.1 826.0 3

 4 U.S.-chartered commercial banks 303.5 358.0 386.1 399.3 428.8 473.6 513.5 612.3 742.4 816.8 4

 5 Foreign banking offices in U.S. 0.8 0.9 1.1 1.8 2.3 3.1 4.0 4.1 3.3 3.8 5

 6 Banks in U.S.-affiliated areas 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 6

 7 Savings institutions 388.2 449.4 508.4 554.3 580.6 616.2 621.9 656.0 728.3 792.3 7

 8 Credit unions 32.9 38.7 46.1 51.8 55.7 57.9 60.2 68.4 81.0 92.3 8

 9 Large time deposits (1) 158.3 144.4 173.0 228.1 257.4 316.9 378.6 395.8 384.6 471.4 9

10 Commercial banking 152.1 136.8 163.1 211.7 225.6 272.3 324.3 329.9 283.3 321.1 10

11 U.S.-chartered commercial banks 144.1 128.4 152.2 194.3 204.5 243.8 287.7 289.6 250.8 284.7 11

12 Foreign banking offices in U.S. 7.0 7.4 9.4 15.1 18.3 25.3 32.1 35.8 27.1 31.0 12

13 Banks in U.S.-affiliated areas 1.0 1.0 1.5 2.3 2.8 3.2 4.4 4.5 5.4 5.4 13

14 Savings institutions 6.2 7.6 9.9 16.2 31.6 44.1 53.8 65.2 100.5 149.5 14

15 Credit unions 0.0 0.0 0.0 0.1 0.3 0.5 0.6 0.7 0.7 0.8 15

16 Total assets 884.7 992.4 1116.2 1237.6 1327.6 1470.9 1582.6 1741.2 1945.0 2182.0 16

17 Household sector 751.3 852.5 955.2 1054.2 1124.1 1242.6 1311.3 1417.7 1631.6 1857.5 17

18 Nonfinancial business 32.2 38.3 47.6 53.7 61.7 69.3 80.7 91.7 101.7 104.2 18

19 Corporate 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 19

20 Nonfarm noncorporate 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 20

21 State and local governments 46.9 49.1 55.8 62.9 60.8 58.8 61.1 64.9 58.6 58.9 21

22 Federal government 0.6 0.7 0.9 0.9 1.0 0.8 0.7 1.1 0.7 1.2 22

23 Rest of the world 22.6 20.7 21.0 23.5 25.9 26.9 29.2 39.5 25.8 30.5 23

24 Financial sectors 31.1 31.1 35.8 42.4 54.1 72.5 99.8 126.2 126.6 129.7 24

25 Savings institutions 8.1 6.7 6.8 7.2 5.0 7.5 6.8 14.0 15.1 9.6 25

26 Credit unions 4.2 4.1 5.0 3.6 4.6 7.1 7.1 14.5 16.2 15.0 26

27 Private pension funds 14.5 16.6 19.6 23.7 27.9 31.8 36.5 49.4 61.0 68.0 27

28 State and local govt. retirement funds 1.2 1.1 1.4 2.4 3.5 3.7 3.8 6.0 8.8 12.0 28

29 Money market mutual funds 2.1 1.5 1.8 4.5 12.0 21.2 44.4 41.1 24.3 24.0 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 1.0 1.0 1.1 1.1 1.1 1.2 1.2 1.2 1.3 1.2 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 3.7 3.7 3.9 10.8 45.2 76.4 186.3 219.9 179.5 232.2 1

 2 Household sector 3.7 3.4 3.2 8.9 39.5 64.4 154.6 188.1 154.7 199.2 2

 3 Nonfinancial corporate business 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 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 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Life insurance companies 0.0 0.0 0.2 0.4 1.0 1.9 5.6 6.7 4.8 7.0 7

 8 Private pension funds 0.0 0.0 0.1 0.4 1.2 2.6 6.6 4.7 5.9 6.9 8

 9 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 9

10 Funding corporations 0.0 0.3 0.2 0.5 0.6 0.6 1.1 1.4 2.9 3.0 10
FFA, 1975-1984, March 11, 2010 79

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 29.1 45.1 52.3 76.1 92.7 116.2 144.7 175.8 188.4 224.1 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) 29.9 43.8 54.4 76.9 94.3 114.8 129.7 137.9 153.5 155.2 3

 4 U.S.-chartered commercial banks 29.9 43.8 54.4 76.9 94.3 114.8 129.7 137.9 150.0 152.0 4

 5 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 3.2 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Savings institutions 2.0 1.9 3.9 6.5 8.1 10.1 15.3 13.5 26.6 43.4 7

 8 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Brokers and dealers (net) -2.8 -0.6 -6.0 -7.3 -9.6 -8.7 -0.3 24.3 8.4 25.5 9

10 Total assets 13.8 17.9 21.3 30.8 49.6 64.0 77.3 100.2 125.2 172.7 10

11 Nonfinancial corporate business 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 11

12 State and local governments -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 12

13 Rest of the world 0.5 0.4 0.3 2.4 4.1 4.4 4.4 6.0 6.7 6.8 13

14 Financial sectors 14.2 18.0 20.8 23.7 30.6 38.7 57.5 75.7 82.6 108.9 14

15 Monetary authority 1.7 4.8 3.3 1.8 2.4 3.3 3.7 5.8 2.0 2.0 15

16 Savings institutions 4.9 5.4 8.0 9.1 12.0 12.3 16.8 20.8 22.6 26.3 16

17 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 0.7 2.4 3.2 4.3 4.6 17

18 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 4.1 13.7 17.9 18

19 Private pension funds 4.3 4.7 5.7 6.9 7.8 8.4 8.3 8.7 10.6 10.9 19

20 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 20

21 Money market mutual funds 0.1 0.1 0.3 0.3 2.4 5.6 14.5 16.2 13.0 22.6 21

22 Mutual funds 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 1.2 22

23 Government-sponsored enterprises (net) 1.8 2.1 2.2 3.6 4.2 6.0 9.5 14.9 12.6 20.9 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Discrepancy--unallocated assets 15.3 27.2 31.1 45.3 43.1 52.2 67.4 75.6 63.3 51.4 25

L.208 Open Market Paper

Billions of dollars

 1 Total outstanding, all types 66.6 74.8 89.8 107.5 145.0 163.8 215.1 226.8 253.8 305.7 1

 2 Commercial paper 47.7 52.0 63.9 82.2 110.9 121.6 161.1 161.8 183.5 231.7 2

 3 Nonfinancial corporate business 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 3

 4 Foreign issues in U.S. 0.6 1.3 1.8 2.9 4.6 7.0 10.8 15.1 21.5 27.7 4

 5 Nonfinancial 0.6 1.3 1.8 2.9 4.3 5.9 6.5 5.5 5.6 6.5 5

 6 Financial 0.0 0.0 0.0 0.0 0.3 1.1 4.3 9.5 15.9 21.2 6

 7 Financial business 37.5 39.7 49.2 63.9 81.8 86.6 107.6 109.2 125.2 145.5 7

 8 Commercial banking 8.7 7.9 9.1 15.8 20.4 25.9 33.0 34.6 38.0 44.1 8

 9 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 9

10 Finance companies 28.0 31.3 39.6 47.4 60.7 47.6 57.2 51.4 60.5 73.1 10

11 REITs 0.8 0.6 0.5 0.6 0.8 0.5 0.6 0.4 0.4 0.6 11

12 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.7 26.1 12

13 Bankers acceptances (1) 18.9 22.7 25.9 25.2 34.1 42.2 54.0 65.0 70.3 74.0 13

14 Holdings, by sector 66.6 74.8 89.8 107.5 145.0 163.8 215.1 226.8 253.8 305.7 14

15 Household sector 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 15

16 Nonfinancial corporate business 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 16

17 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Rest of the world 5.3 5.6 6.0 6.5 8.4 9.3 8.0 6.3 7.1 8.3 18

19 Monetary authority 0.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 9.8 13.0 13.2 12.0 14.1 15.8 16.5 16.8 14.3 12.6 20

21 Savings institutions 0.4 1.2 1.4 1.8 2.6 3.8 5.1 6.9 5.2 3.8 21

22 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 22

23 Life insurance companies 4.8 5.2 4.9 6.3 8.0 10.1 17.6 21.7 25.2 29.3 23

24 Private pension funds 9.1 11.0 11.3 11.2 15.4 19.5 24.5 15.2 17.2 19.7 24

25 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 25

26 Money market mutual funds 0.5 0.9 1.1 3.7 19.3 31.6 70.4 69.1 66.2 97.3 26

27 Mutual funds 1.3 0.8 1.3 1.9 1.8 2.3 2.2 2.1 2.9 8.5 27

28 Government-sponsored enterprises 1.2 1.2 1.4 0.2 0.3 0.4 0.7 0.4 0.8 0.7 28

29 Brokers and dealers 4.0 7.2 6.7 5.8 7.2 6.8 11.6 16.4 11.6 17.3 29

30 Funding corporations 1.3 1.1 1.6 2.4 2.4 2.9 8.3 15.2 46.4 30.4 30

(1) Excludes banks’ holdings of own acceptances.
80 FFA, 1975-1984, March 11, 2010

L.209 Treasury Securities

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 1

 2 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 2

 3 Other Treasury issues 367.6 431.7 484.2 534.2 572.2 657.5 747.7 909.8 1092.0 1286.3 3

 4 Total assets 434.9 503.7 560.9 614.9 652.1 730.0 815.9 978.1 1163.4 1360.8 4

 5 Household sector 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.7 232.7 280.4 5

 6 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 6

 7 Other Treasury issues 44.4 30.7 27.8 29.6 76.0 101.3 100.6 117.4 161.3 205.9 7

 8 Nonfinancial corporate business 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 8

 9 Nonfarm noncorporate business 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 9

10 State and local governments 27.8 40.2 61.4 83.7 85.5 93.3 108.3 126.3 149.2 166.0 10

11 Rest of the world 65.5 77.6 108.7 132.9 116.0 127.4 135.5 150.7 163.6 200.3 11

12 Monetary authority 86.7 93.3 100.9 109.5 116.3 119.3 127.7 135.6 150.6 159.2 12

13 Commercial banking 85.0 103.8 102.0 95.3 95.6 111.5 113.8 134.0 179.5 181.5 13

14 U.S.-chartered commercial banks 83.9 102.0 99.8 93.1 92.7 107.9 109.7 129.2 172.7 175.2 14

15 Foreign banking offices in U.S. 0.6 1.2 1.2 1.5 2.0 2.5 2.9 3.8 5.4 4.8 15

16 Bank holding companies 0.1 0.2 0.3 0.2 0.3 0.3 0.3 0.2 0.4 0.4 16

17 Banks in U.S.-affiliated areas 0.4 0.5 0.7 0.6 0.7 0.8 0.8 0.9 1.1 1.1 17

18 Savings institutions 10.2 14.0 15.4 13.3 11.7 13.2 13.3 16.6 31.9 39.7 18

19 Credit unions 1.2 1.3 1.4 0.7 0.6 0.9 1.0 1.3 2.7 3.7 19

20 Property-casualty insurance companies 4.7 7.3 9.8 10.5 10.7 12.2 13.5 14.1 17.4 23.3 20

21 Life insurance companies 4.7 5.4 5.3 4.8 4.9 5.8 8.2 16.5 28.6 41.2 21

22 Private pension funds 12.4 18.1 21.3 23.2 26.0 32.2 46.7 75.2 93.3 108.4 22

23 State and local govt. retirement funds 2.5 4.1 6.8 9.5 14.7 20.9 27.6 36.9 48.9 67.9 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Money market mutual funds 0.9 1.1 0.9 0.9 1.6 3.5 21.5 42.6 22.8 25.2 25

26 Mutual funds 1.1 1.1 1.8 1.6 1.5 1.9 2.8 5.1 4.1 6.6 26

27 Closed-end funds 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 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 2.9 4.4 1.0 1.4 1.2 1.7 1.9 3.4 1.8 2.7 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 1.2 5.6 0.4 -1.6 -7.0 -4.7 3.0 9.2 -0.5 12.1 31

 Memo:

32 Federal government debt (1) 443.9 513.1 569.4 621.9 657.7 735.0 820.5 981.8 1167.0 1364.2 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, 1975-1984, March 11, 2010 81

L.210 Agency- and GSE-backed Securities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 115.2 130.3 152.6 187.9 235.2 278.3 323.5 387.2 454.9 529.4 1

 2 Budget agencies 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 2

 3 Government-sponsored enterprises 78.8 81.2 88.2 111.3 135.5 159.9 190.4 205.4 206.8 237.2 3

 4 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 4

 5 Total assets 115.2 130.3 152.6 187.9 235.2 278.3 323.5 387.2 454.9 529.4 5

 6 Household sector 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 6

 7 Nonfinancial corporate business 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 7

 8 State and local governments 18.2 20.4 26.7 39.5 59.4 59.7 69.1 70.2 70.1 74.6 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 2.7 2.0 4.7 5.2 5.9 8.5 10.3 10.9 11.2 12.0 10

11 Monetary authority 6.1 6.8 8.0 7.9 8.2 8.7 9.1 8.9 8.6 8.4 11

12 Commercial banking 34.9 36.5 37.5 44.3 52.0 61.8 71.6 78.8 80.0 78.9 12

13 U.S.-chartered commercial banks 34.2 35.7 36.6 43.4 50.8 60.5 70.1 77.6 78.3 77.1 13

14 Foreign banking offices in U.S. 0.3 0.3 0.2 0.4 0.4 0.4 0.6 0.6 0.6 0.6 14

15 Bank holding companies 0.3 0.5 0.7 0.5 0.8 0.9 0.8 0.6 1.0 1.2 15

16 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Savings institutions 23.7 27.1 34.2 39.9 44.9 55.2 62.7 90.8 126.9 143.7 17

18 Credit unions 2.9 3.4 3.8 3.6 2.7 3.3 3.6 4.5 6.3 5.9 18

19 Property-casualty insurance companies 3.3 3.9 4.4 4.9 6.0 6.2 7.0 8.5 10.7 13.9 19

20 Life insurance companies 1.4 2.3 4.0 6.5 9.4 11.1 14.3 18.6 25.9 36.9 20

21 Private pension funds 5.5 6.1 8.5 8.7 12.6 18.3 20.2 32.0 38.9 44.6 21

22 State and local govt. retirement funds 5.3 6.8 9.6 14.0 15.4 19.1 24.3 34.3 39.3 43.3 22

23 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Money market mutual funds 0.0 0.0 0.0 0.6 4.0 4.8 10.4 12.0 13.4 16.9 24

25 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 5.4 25

26 Government-sponsored enterprises 0.4 0.5 0.1 0.2 0.6 0.8 1.0 0.9 0.5 0.7 26

27 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 8.8 27

28 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 28

29 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1975-1984, March 11, 2010

L.211 Municipal Securities and Loans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 1

 2 State and local governments 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 2

 3 Short-term (1) 18.6 14.5 11.6 12.2 13.1 14.9 16.0 22.7 21.3 17.6 3

 4 Long-term 195.0 215.5 236.6 277.0 302.4 322.0 347.2 381.2 429.0 477.4 4

 5 Nonprofit organizations (2) 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 5

 6 Nonfinancial corporate business 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 6

 (industrial revenue bonds)

 7 Total assets 223.0 243.9 273.6 324.9 364.2 399.4 443.7 508.0 575.1 650.6 7

 8 Household sector 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 8

 9 Nonfinancial corporate business 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 9

10 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local governments 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 11

12 Rest of the world 0.0 0.0 0.1 0.2 0.3 0.5 0.6 0.7 0.9 1.0 12

13 Commercial banking 102.9 106.0 115.2 126.2 135.6 148.8 154.0 158.3 162.1 174.6 13

14 Savings institutions 3.1 3.6 4.0 4.6 4.1 3.6 3.6 3.3 3.1 2.8 14

15 Property-casualty insurance companies 33.3 38.7 49.4 62.9 72.8 80.5 83.9 87.0 86.7 84.7 15

16 Life insurance companies 4.5 5.6 6.1 6.4 6.4 6.7 7.2 9.0 10.0 8.7 16

17 State and local govt. retirement funds 1.9 3.4 3.5 4.0 3.9 4.1 3.9 3.1 2.0 1.5 17

18 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 2.0 4.4 13.3 16.9 24.0 18

19 Mutual funds 0.0 0.5 2.2 2.7 4.0 4.4 5.1 8.0 13.4 19.1 19

20 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.2 22

23 Brokers and dealers 0.6 1.7 2.1 1.9 2.2 2.5 3.0 4.6 6.5 11.0 23

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).

L.212 Corporate and Foreign Bonds

Billions of dollars

 1 Total liabilities 336.4 374.3 414.1 444.6 465.3 502.1 534.9 591.3 636.9 734.5 1

 2 Nonfinancial corporate business 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 2

 3 Rest of the world (1) 26.5 34.7 39.3 42.1 42.0 43.5 45.7 56.6 58.6 62.8 3

 4 Financial sectors 56.1 63.0 75.3 81.9 85.4 93.0 98.9 113.7 131.3 176.6 4

 5 Commercial banking 14.5 18.0 21.1 22.1 21.9 23.2 26.1 32.4 42.0 55.5 5

 6 Savings institutions 0.1 0.1 1.3 2.0 3.4 3.7 3.2 3.7 4.0 5.9 6

 7 ABS issuers (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 19.8 7

 8 Finance companies 40.4 44.0 52.1 57.2 59.6 65.5 68.9 77.0 81.0 90.5 8

 9 REITs 1.1 0.9 0.8 0.6 0.6 0.6 0.7 0.7 0.7 2.8 9

10 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.1 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 1.0 11

12 Total assets 336.4 374.3 414.1 444.6 465.3 502.1 534.9 591.3 636.9 734.5 12

13 Household sector 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 13

14 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 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) 14.5 13.7 15.4 15.7 16.2 19.5 27.1 51.1 54.7 70.1 16

17 Commercial banking 9.5 9.2 10.1 8.9 9.7 10.8 10.7 11.1 16.2 21.9 17

18 Savings institutions 16.5 22.0 20.8 23.2 21.4 27.3 24.0 30.7 42.4 53.7 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 12.2 16.1 19.8 21.6 23.6 23.6 26.3 25.8 21.6 25.7 20

21 Life insurance companies 105.5 122.4 141.2 158.5 170.1 178.8 186.1 202.3 219.1 242.8 21

22 Private pension funds 41.9 40.2 44.6 53.0 63.7 77.7 83.3 95.2 108.0 123.4 22

23 State and local govt. retirement funds 61.0 65.7 71.3 80.0 83.0 92.2 100.8 102.6 93.0 102.7 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.3 0.8 0.5 0.4 0.8 25

26 Mutual funds 5.6 6.0 7.0 6.4 7.2 8.5 10.1 10.2 13.0 14.2 26

27 Closed-end funds 2.4 2.6 2.1 2.3 2.4 2.4 2.3 2.8 2.6 2.2 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 0.0 0.0 29

30 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.6 30

31 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Brokers and dealers 3.0 2.1 2.2 1.5 1.6 2.0 3.4 5.9 7.9 13.7 32

33 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1975-1984, March 11, 2010 83

L.213 Corporate Equities (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Issues at market value 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 1

 2 Nonfinancial corporate business 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 2

 3 Rest of the world (2) 9.6 9.5 10.1 11.2 14.8 18.9 16.5 17.4 26.2 26.0 3

 4 Financial corporations 75.0 97.5 93.4 102.2 117.8 129.7 140.1 158.8 199.6 209.9 4

 5 Holdings at market value 839.4 1034.2 922.6 969.6 1147.3 1494.9 1382.0 1562.5 1856.0 1789.2 5

 6 Household sector 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 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 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) 33.4 47.0 44.8 48.0 55.3 74.7 74.7 88.3 109.6 107.0 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 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.0 11

12 Savings institutions 4.4 4.4 4.8 4.8 4.7 4.2 3.2 3.3 4.3 4.1 12

13 Property-casualty insurance companies 14.2 16.9 17.1 19.4 24.8 32.3 32.4 38.5 48.1 44.7 13

14 Life insurance companies 27.5 33.7 32.3 35.1 38.9 46.3 46.2 52.9 62.2 60.3 14

15 Private pension funds 108.0 125.5 123.6 150.3 175.4 232.0 227.5 294.4 364.8 374.6 15

16 State and local govt. retirement funds 24.3 30.1 30.0 33.3 37.1 44.3 47.8 60.2 89.6 96.5 16

17 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Mutual funds 33.7 37.3 31.9 31.7 35.4 42.4 37.4 49.4 74.4 80.6 18

19 Closed-end funds 5.8 6.0 4.7 5.1 4.9 4.9 4.2 4.1 4.3 3.7 19

20 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Brokers and dealers 3.4 1.5 1.8 1.9 2.6 3.3 3.5 4.9 10.0 8.9 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) 801.8 995.8 883.8 927.1 1095.4 1431.2 1322.2 1494.1 1763.0 1701.7 23

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 19, 20, 21, and 22; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 1

 2 Holdings at market value 43.0 46.5 45.5 46.1 51.8 61.8 59.8 76.9 112.1 135.6 2

 3 Household sector 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 3

 4 Nonfinancial corporate business 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Commercial banking 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Life insurance companies 0.6 0.6 0.6 0.6 0.9 1.1 1.5 2.8 2.7 3.0 10

11 Private pension funds 2.8 3.5 3.7 3.7 5.1 7.1 4.1 5.8 6.9 7.9 11

12 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 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, 1975-1984, March 11, 2010

L.215 Bank Loans Not Elsewhere Classified

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Total loans by commercial

 1 banking, flow of funds basis 532.8 576.9 658.2 774.0 876.6 938.1 1023.3 1068.0 1151.4 1308.2 1

 - Loans elsewhere classified:

 2 Open market paper 9.8 13.0 13.2 12.0 14.1 15.8 16.5 16.8 14.3 12.6 2

 3 Mortgages 136.2 151.3 179.0 214.0 245.2 262.7 284.2 301.3 330.5 381.4 3

 4 Consumer credit 106.1 118.0 140.3 166.5 185.7 180.2 184.2 190.9 213.7 258.8 4

 5 Security credit 15.0 21.7 23.9 21.0 20.2 20.9 26.2 26.2 28.7 34.5 5

 6 = Banking sector total bank loans n.e.c. 265.8 272.9 301.8 360.4 411.5 458.5 512.2 532.8 564.2 621.0 6

 7 U.S.-chartered commercial banks 242.1 245.4 269.5 309.2 347.4 379.1 425.7 469.7 497.1 546.8 7

 8 Foreign banking offices in U.S. 20.3 23.8 28.5 46.6 59.8 75.3 81.1 56.1 58.7 64.4 8

 9 Bank holding companies 3.4 3.8 3.8 4.6 4.2 3.7 4.1 3.1 2.7 2.8 9

10 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.4 1.2 3.9 5.7 7.0 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. 265.8 272.9 301.8 360.4 411.5 458.5 512.2 532.8 564.2 621.0 12

13 Total liabilities 265.8 272.9 301.8 360.4 411.5 458.5 512.2 532.8 564.2 621.0 13

14 Nonfinancial sectors 246.0 255.4 281.9 336.1 383.5 429.8 481.3 499.5 528.3 576.2 14

15 Households 23.0 23.4 23.4 23.1 22.4 27.8 33.5 35.1 35.6 22.0 15

16 Corporate business 143.5 140.1 154.9 175.1 204.3 230.3 261.7 318.5 340.9 391.1 16

17 Nonfarm noncorporate business 37.7 40.4 46.4 59.6 72.8 75.3 85.5 76.0 75.5 92.4 17

18 Farm business 20.2 23.2 25.7 28.2 31.0 31.6 32.9 36.1 38.9 39.9 18

19 Rest of the world 21.6 28.4 31.4 49.9 53.0 64.8 67.8 33.8 37.4 30.8 19

20 Foreign official institutions 2.0 2.9 2.9 5.2 7.3 11.9 12.6 5.4 8.5 7.6 20

21 Foreign banks 9.3 13.5 16.2 25.7 21.6 26.3 21.8 15.1 14.2 11.0 21

22 Other foreign 10.3 12.0 12.3 19.1 24.1 26.6 33.3 13.3 14.8 12.2 22

23 Financial sectors 19.7 17.5 19.9 24.4 28.0 28.7 30.8 33.3 35.8 44.8 23

24 Savings institutions 1.2 0.8 1.3 3.1 2.7 2.7 3.0 2.8 3.2 8.9 24

25 Finance companies 13.3 13.3 16.7 20.1 24.4 25.4 27.3 29.9 32.3 35.5 25

26 REITs 5.3 3.4 1.9 1.2 0.8 0.7 0.6 0.6 0.4 0.4 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, 1975-1984, March 11, 2010 85

L.216 Other Loans and Advances

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total other loans and advances 184.8 205.6 236.1 277.3 331.5 377.0 455.4 487.4 522.4 611.3 1

 2 U.S. government loans 66.9 73.1 78.8 91.6 105.7 122.2 141.6 155.2 163.5 180.0 2

 3 Liab.: Household sector 6.0 6.5 6.6 7.4 8.5 9.5 11.0 12.6 13.4 14.0 3

 4 Nonfinancial corporate business 3.9 4.1 4.0 5.7 6.9 8.4 9.6 10.9 10.4 11.6 4

 5 Nonfarm noncorporate business 10.6 12.4 14.3 18.4 21.4 25.6 31.2 35.8 38.5 40.5 5

 6 Farm business 2.1 2.2 3.5 7.0 10.4 13.0 16.4 16.7 16.7 17.8 6

 7 State and local governments 5.8 7.8 8.0 6.5 6.7 7.6 8.8 9.8 10.9 18.6 7

 8 Rest of the world 37.0 38.9 41.8 45.7 50.4 55.5 60.0 64.5 68.6 72.5 8

 9 Government-sponsored enterprises 1.6 1.2 0.5 0.9 1.5 2.7 4.6 5.0 5.0 5.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Foreign loans to U.S. corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 12

13 Liab.: Nonfinancial corporate business 0.3 0.5 0.6 0.9 2.9 4.5 15.4 20.1 25.9 48.7 13

 Customers’ liability on acceptances

14 outstanding (bank asset) 18.7 22.5 25.7 24.9 32.5 39.8 51.1 58.8 65.7 69.4 14

15 Liab.: Nonfinancial corporate business 7.6 10.2 11.4 9.9 13.8 17.1 21.4 20.7 27.6 30.4 15

16 Rest of the world 11.1 12.4 14.2 15.0 18.6 22.7 29.6 38.2 38.0 39.0 16

17 Savings institution loans to business 0.6 1.0 1.0 1.2 2.2 2.7 3.9 5.6 11.7 20.7 17

18 Liab.: Nonfinancial corporate business 0.3 0.5 0.5 0.6 1.1 1.4 2.0 2.8 5.8 10.3 18

19 Nonfarm noncorporate business 0.3 0.5 0.5 0.6 1.1 1.4 2.0 2.8 5.8 10.3 19

20 Credit unions loans to business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Policy loans (Household liability) 25.5 26.9 28.6 31.2 35.9 42.6 50.0 54.2 55.2 55.6 23

24 Asset: Federal government 1.1 1.1 1.1 1.1 1.1 1.2 1.3 1.2 1.2 1.1 24

25 Life insurance companies 24.5 25.8 27.6 30.1 34.8 41.4 48.7 53.0 54.1 54.5 25

26 Government-sponsored enterprise loans (1) 31.8 32.1 38.5 53.1 67.8 78.2 95.9 95.1 90.1 104.9 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 27

28 Noncorporate business (FCS) 4.0 4.9 5.6 6.3 8.4 9.8 9.5 8.7 9.5 9.1 28

29 Farm business (FCS) 10.0 11.3 12.8 14.2 17.5 19.4 21.2 20.4 19.0 17.8 29

30 Commercial banks (FHLB and SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 2.3 30

31 Savings institutions (FHLB and SLMA) 17.8 15.9 20.2 32.7 41.8 49.0 65.2 66.0 59.6 75.5 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Finance company loans to business 40.9 49.5 63.0 74.4 84.5 86.9 97.6 98.3 110.4 131.9 36

37 Liab.: Nonfinancial corporate business 36.8 44.5 56.7 67.0 76.1 78.3 87.8 88.5 99.3 118.7 37

38 Nonfarm noncorporate business 4.1 4.9 6.3 7.4 8.5 8.7 9.8 9.8 11.0 13.2 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, 1975-1984, March 11, 2010

L.217 Total Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total mortgages 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 1

 2 Home 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 2

 3 Multifamily residential 100.7 105.9 114.3 125.2 135.0 142.5 142.4 146.1 161.2 186.1 3

 4 Commercial 161.0 174.2 193.3 214.5 239.4 259.9 299.7 333.7 389.4 471.9 4

 5 Farm 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 5

 6 Total liabilities 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 6

 7 Household sector 470.1 528.5 615.1 721.6 841.0 941.3 1013.8 1048.2 1141.7 1273.7 7

 8 Nonfinancial business 312.8 339.0 381.4 426.3 473.3 514.0 563.3 610.7 706.4 815.2 8

 9 Corporate 108.9 115.4 129.2 141.0 141.2 130.8 137.1 122.9 152.8 169.4 9

10 Nonfarm noncorporate 154.1 168.1 188.2 212.5 245.4 285.7 319.0 376.5 439.9 533.3 10

11 Farm 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 11

12 Federal government 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 12

13 REITs 1.5 2.0 1.8 2.0 2.0 1.9 1.9 2.0 2.1 2.5 13

14 Total assets 785.5 870.5 999.2 1150.6 1317.0 1457.8 1579.5 1661.3 1850.5 2091.5 14

15 Household sector 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 15

16 Nonfinancial corporate business 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 16

17 Nonfarm noncorporate business 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 17

18 State and local governments 12.8 14.1 14.6 17.1 23.6 33.4 41.0 46.3 54.2 64.4 18

19 Federal government 19.1 19.6 23.7 28.0 34.6 42.1 47.0 49.4 50.6 51.5 19

20 Commercial banking 136.2 151.3 179.0 214.0 245.2 262.7 284.2 301.3 330.5 381.4 20

21 Savings institutions (1) 350.7 397.8 459.4 517.2 565.0 594.3 612.2 576.3 626.9 710.1 21

22 Credit unions 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 22

23 Property-casualty insurance companies 0.2 0.3 0.4 0.4 0.7 1.0 1.3 1.6 2.3 2.7 23

24 Life insurance companies 89.2 91.6 96.8 106.2 118.4 131.1 137.7 142.0 151.0 156.7 24

25 Private pension funds 2.4 2.4 2.5 2.7 3.1 3.6 3.9 7.8 10.1 9.7 25

26 State and local govt. retirement funds 7.5 7.7 8.0 8.6 9.6 10.9 12.5 13.8 14.7 15.3 26

27 Government-sponsored enterprises (1) 53.5 56.4 59.9 72.2 86.6 100.8 113.4 127.5 137.9 150.1 27

28 Agency- and GSE-backed mortgage pools 28.5 40.7 56.8 70.4 94.8 114.0 129.0 178.5 244.8 289.0 28

29 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 29

30 Finance companies 12.9 14.2 17.3 22.2 28.0 29.9 33.2 37.3 40.0 45.4 30

31 REITs 7.1 4.6 3.4 3.1 2.9 2.7 2.6 2.8 2.7 3.5 31

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 1975-1984, March 11, 2010 87

L.218 Home Mortgages (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 1

 2 Household sector 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 2

 3 Nonfinancial corporate business 3.0 3.6 4.9 5.9 5.8 5.9 5.6 5.8 7.2 8.4 3

 4 Nonfarm noncorporate business 11.9 14.4 19.8 23.7 23.2 25.5 26.4 33.2 62.7 69.8 4

 5 Total assets 473.9 535.0 627.7 738.2 855.7 957.9 1030.2 1070.2 1186.1 1321.1 5

 6 Household sector 19.0 21.3 22.3 27.8 34.1 48.6 65.7 77.1 71.8 68.1 6

 7 Nonfinancial corporate business 5.7 4.8 6.0 6.5 7.7 15.1 9.1 3.8 5.9 1.4 7

 8 Nonfarm noncorporate business 0.9 1.3 1.7 2.6 3.3 3.7 6.5 8.5 10.0 13.3 8

 9 State and local governments 4.2 5.0 5.2 7.2 11.8 19.7 25.6 28.6 33.7 39.2 9

10 Federal government 9.7 8.9 11.4 13.3 15.6 18.3 20.7 22.1 22.9 23.5 10

11 Commercial banking 77.0 86.2 105.1 129.1 148.9 159.0 167.7 170.5 179.2 193.8 11

12 Savings institutions 268.8 307.0 358.8 408.7 450.9 478.5 494.9 456.4 483.4 531.1 12

13 Credit unions 2.0 2.5 2.8 2.5 3.1 4.6 3.7 2.7 4.4 7.5 13

14 Life insurance companies 17.6 16.1 14.7 14.4 16.1 17.9 17.2 16.8 15.3 14.1 14

15 Private pension funds 0.7 0.6 0.6 0.9 1.2 1.4 1.5 3.3 2.8 3.7 15

16 State and local govt. retirement funds 2.9 2.8 2.9 2.8 3.1 3.5 3.8 3.9 3.9 3.8 16

17 Government-sponsored enterprises 30.9 31.4 31.9 40.9 50.1 57.8 64.0 74.3 83.7 94.4 17

18 Agency- and GSE-backed mortgage pools 25.3 37.3 53.0 65.4 88.4 107.1 125.0 174.3 239.4 283.0 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.0 19

20 Finance companies 8.5 9.1 10.8 15.9 21.1 22.3 24.4 27.6 29.5 32.8 20

21 REITs 0.7 0.6 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 21

 Memo:

22 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 22

23 Commercial banking ND ND ND ND ND ND ND ND ND ND 23

24 Savings institutions ND ND ND ND ND ND ND ND ND ND 24

25 Credit unions ND ND ND ND ND ND ND ND ND ND 25

26 ABS issuers ND ND ND ND ND ND ND ND ND ND 26

27 Finance companies 2.7 2.9 4.2 6.6 9.1 11.3 13.3 14.2 15.2 17.1 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 100.7 105.9 114.3 125.2 135.0 142.5 142.4 146.1 161.2 186.1 1

 2 Nonfinancial corporate business 11.0 11.2 11.4 11.7 12.1 12.5 12.8 13.3 13.8 14.4 2

 3 Nonfarm noncorporate business 88.1 93.0 101.4 112.0 121.6 128.9 128.5 131.9 146.5 170.8 3

 4 Federal government 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 4

 5 REITs 0.5 0.7 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.8 5

 6 Total assets 100.7 105.9 114.3 125.2 135.0 142.5 142.4 146.1 161.2 186.1 6

 7 Household sector 4.8 3.9 3.3 2.7 2.3 1.9 1.1 2.1 5.7 5.4 7

 8 Nonfinancial corporate business 2.9 4.3 5.9 7.7 9.5 10.5 9.3 7.6 5.4 6.0 8

 9 Nonfarm noncorporate business 0.5 0.7 1.0 1.6 2.1 2.3 4.0 5.0 6.1 8.1 9

10 State and local governments 6.9 7.2 7.5 7.9 9.2 10.7 11.9 13.3 15.7 20.2 10

11 Federal government 6.0 6.2 6.5 7.5 8.6 10.4 11.4 11.1 10.7 10.1 11

12 Commercial banking 5.9 8.1 9.2 10.3 11.2 12.8 14.8 16.3 18.2 20.1 12

13 Savings institutions 39.3 42.6 47.6 52.0 54.1 54.2 53.7 53.6 60.5 74.7 13

14 Life insurance companies 19.6 19.2 18.8 19.0 19.2 19.5 19.3 18.9 19.1 18.9 14

15 Private pension funds 0.5 0.6 0.6 0.5 0.5 0.3 0.3 0.4 0.4 0.7 15

16 State and local govt. retirement funds 2.4 2.3 2.2 2.7 3.3 3.8 4.7 5.4 6.0 6.0 16

17 Government-sponsored enterprises 6.4 6.4 6.4 6.4 6.6 6.7 5.5 5.4 5.3 6.5 17

18 Agency- and GSE-backed mortgage pools 1.2 1.7 2.6 4.1 5.3 6.0 3.2 3.6 4.8 5.5 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies 1.7 1.4 1.7 2.0 2.2 2.4 2.4 2.6 2.3 2.5 20

21 REITs 2.6 1.5 1.1 0.9 0.9 0.8 0.8 0.9 0.9 1.3 21
88 FFA, 1975-1984, March 11, 2010

L.220 Commercial Mortgages

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 161.0 174.2 193.3 214.5 239.4 259.9 299.7 333.7 389.4 471.9 1

 2 Household sector 11.1 11.5 12.1 13.0 14.4 14.8 15.5 17.1 25.5 30.9 2

 3 Nonfinancial corporate business 94.8 100.6 112.8 123.4 123.3 112.5 118.6 103.8 131.9 146.6 3

 4 Nonfarm noncorporate business 54.1 60.7 67.1 76.8 100.5 131.3 164.2 211.4 230.7 292.7 4

 5 REITs 1.0 1.3 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.7 5

 6 Total assets 161.0 174.2 193.3 214.5 239.4 259.9 299.7 333.7 389.4 471.9 6

 7 Household sector 10.0 9.4 8.8 8.4 7.2 7.0 3.5 0.6 2.5 1.2 7

 8 Nonfinancial corporate business 1.0 1.3 1.6 1.4 1.6 1.8 17.5 26.9 28.7 44.0 8

 9 Nonfarm noncorporate business 1.8 2.1 2.7 3.9 5.5 6.1 9.6 11.1 12.9 17.3 9

10 State and local governments 1.2 1.2 1.3 1.3 1.5 1.7 2.2 3.1 3.4 3.7 10

11 Federal government 2.1 2.5 3.1 3.7 4.5 5.7 6.7 7.4 7.8 8.1 11

12 Commercial banking 46.9 50.3 56.9 66.2 76.6 82.3 93.3 106.0 123.8 157.3 12

13 Savings institutions 42.5 48.1 53.0 56.6 59.9 61.6 63.5 66.3 82.8 103.8 13

14 Property-casualty insurance companies 0.2 0.3 0.4 0.4 0.7 1.0 1.3 1.6 2.3 2.7 14

15 Life insurance companies 45.2 48.9 54.4 62.2 70.9 80.7 88.2 93.5 103.8 111.2 15

16 Private pension funds 1.2 1.2 1.3 1.4 1.4 1.8 2.1 4.1 6.9 5.3 16

17 State and local govt. retirement funds 2.3 2.6 2.9 3.0 3.2 3.5 3.9 4.5 4.8 5.4 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies 2.7 3.7 4.8 4.4 4.7 5.2 6.3 7.1 8.2 10.1 20

21 REITs 3.8 2.6 1.9 1.7 1.7 1.6 1.6 1.6 1.5 1.9 21

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities (Farm business) 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 1

 2 Total assets 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 2

 3 Household sector 16.6 18.2 20.9 23.4 28.0 29.7 31.1 31.1 31.1 27.9 3

 4 Nonfarm noncorporate business 0.0 0.0 0.1 0.1 0.1 0.1 0.3 0.4 0.3 0.6 4

 5 State and local governments 0.5 0.7 0.7 0.8 1.0 1.2 1.4 1.4 1.3 1.4 5

 6 Federal government 1.3 1.9 2.8 3.6 5.9 7.7 8.3 8.8 9.2 9.8 6

 7 Commercial banking 6.4 6.7 7.8 8.5 8.6 8.6 8.4 8.4 9.4 10.2 7

 8 Savings institutions 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.5 8

 9 Life insurance companies 6.8 7.4 8.9 10.5 12.1 13.0 13.1 12.8 12.7 12.5 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 16.1 18.6 21.6 24.9 29.9 36.3 43.9 47.8 48.9 49.2 11

12 Agency- and GSE-backed mortgage pools 2.0 1.8 1.2 1.0 1.0 0.9 0.7 0.6 0.5 0.5 12

(1) Excludes mortgages on farm houses.
FFA, 1975-1984, March 11, 2010 89

L.222 Consumer Credit

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities (Households) 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 1

 2 Total assets 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 2

 3 Nonfinancial corporate business 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 3

 4 Nonfarm noncorporate business 2.7 2.5 2.0 1.5 0.9 0.2 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 0.0 0.0 5

 6 Commercial banking 106.1 118.0 140.3 166.5 185.7 180.2 184.2 190.9 213.7 258.8 6

 7 Savings institutions 10.1 10.8 11.8 13.1 20.0 22.7 24.0 26.6 31.5 44.2 7

 8 Credit unions 25.7 31.2 37.6 45.2 47.4 44.1 46.7 48.8 56.1 67.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.5 0.9 1.5 2.6 4.8 6.4 4.6 5.6 9

10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Finance companies 41.3 42.9 48.4 57.7 70.8 78.9 87.8 93.2 103.7 111.7 11

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 280.6 310.5 354.5 418.0 492.6 542.6 582.8 605.5 629.1 686.4 1

 2 Household sector 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 2

 3 Nonfinancial corporate business 176.4 195.2 227.0 271.8 327.4 356.5 383.4 394.2 402.0 436.7 3

 4 Nonfarm noncorporate business 20.6 22.3 23.8 25.6 31.7 36.4 41.6 45.3 45.8 51.5 4

 5 Farm business 8.4 9.8 12.0 14.0 16.3 17.4 18.4 19.1 18.6 17.6 5

 6 State and local governments 37.1 41.1 45.3 49.9 55.2 61.0 67.3 73.9 80.9 88.7 6

 7 Federal government 14.5 17.9 21.1 25.5 27.8 30.1 30.6 35.4 40.4 47.5 7

 8 Rest of the world 12.2 12.5 13.0 18.0 20.3 25.7 24.6 19.4 18.3 17.7 8

 9 Brokers and dealers 1.0 1.0 1.1 1.2 1.3 1.7 2.1 2.6 5.1 5.5 9

10 Total trade receivables 331.8 369.9 422.8 501.3 587.4 656.8 711.5 723.3 795.0 882.1 10

11 Nonfinancial corporate business 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 11

12 Nonfarm noncorporate business 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 12

13 State and local governments 15.2 16.9 19.3 22.6 26.5 29.2 31.6 32.9 34.4 37.5 13

14 Federal government 6.5 6.9 6.2 8.9 11.3 15.1 17.6 22.4 26.2 31.3 14

15 Rest of the world 16.5 18.9 20.8 24.9 26.2 35.0 33.1 33.6 32.6 33.4 15

16 Property-casualty insurance companies 7.7 8.9 10.2 11.7 13.6 15.6 18.1 20.2 22.2 25.0 16

17 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.5 17

18 Discrepancy -51.2 -59.4 -68.3 -83.4 -94.8 -114.1 -128.7 -117.8 -165.9 -195.7 18

L.224 Security Credit

Billions of dollars

 1 Total liabilities 28.5 39.9 44.2 46.7 48.0 61.9 64.0 69.8 83.4 87.9 1

 2 Household sector 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 2

 3 Rest of the world 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 19.9 27.4 29.6 29.5 30.5 37.2 40.9 44.1 49.2 56.0 4

 5 Customer credit balances (HH) 4.8 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 5

 6 From U.S.-chartered commercial banks 14.6 20.8 22.6 19.6 18.8 19.9 24.6 25.1 27.0 31.7 6

 7 From foreign banking offices in U.S. 0.4 0.9 1.3 1.4 1.4 1.0 1.6 1.2 1.6 2.8 7

 8 Total assets 28.5 39.9 44.2 46.7 48.0 61.9 64.0 69.8 83.4 87.9 8

 9 Household sector 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 9

10 Rest of the world 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Commercial banking 15.0 21.7 23.9 21.0 20.2 20.9 26.2 26.2 28.7 34.5 11

12 Brokers and dealers 8.6 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 12
90 FFA, 1975-1984, March 11, 2010

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Life insurance reserves:

 1 Total liabilities 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 1

 2 Federal government 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 2

 3 Life insurance companies 158.5 167.1 176.4 187.3 197.7 207.4 216.3 223.3 231.1 236.1 3

 4 Total assets (Households) 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 4

 Pension fund reserves:

 5 Total liabilities 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 5

 6 Life insurance companies 72.3 88.7 103.2 121.6 143.5 172.0 199.8 242.9 281.7 328.3 6

 7 Private pension funds (1) 248.4 279.7 302.1 357.0 420.9 523.7 553.9 687.3 838.3 897.8 7

 8 State and local govt. retirement funds 104.2 119.5 131.3 152.5 168.4 196.8 222.6 259.6 302.0 349.0 8

 9 Federal government retirement funds (2) 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 9

10 Total assets (Households) (3) 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 31.3 38.5 41.9 48.8 58.8 64.4 58.1 55.7 60.4 68.1 1

 2 Nonfinancial corporate business 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 2

 3 Nonfarm noncorporate business 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 3

 4 U.S.-chartered commercial banks (net) 0.6 0.6 0.8 0.9 1.4 0.8 0.5 0.4 0.3 3.6 4

 5 Savings institutions 0.4 0.6 0.8 1.0 0.8 0.8 0.9 0.9 1.0 0.8 5

 6 Property-casualty insurance companies (net) 0.3 0.4 0.5 0.6 0.6 0.7 0.7 0.8 0.7 0.8 6

 7 Life insurance companies (net) 0.7 0.9 1.3 1.6 1.6 2.0 1.9 2.1 2.0 2.1 7

 8 Finance companies 0.3 0.3 0.4 0.5 0.4 0.3 0.2 0.1 0.1 0.1 8

 9 Brokers and dealers 0.1 0.2 0.1 0.2 0.2 0.5 0.3 0.6 0.5 0.4 9

10 Total business taxes receivable 14.2 20.4 21.3 26.5 31.6 31.8 19.5 19.3 24.1 31.0 10

11 State and local governments 9.2 10.7 12.2 13.8 16.6 19.6 17.8 19.3 22.1 23.1 11

12 Federal government 5.0 9.6 9.0 12.7 14.9 12.2 1.7 0.0 2.1 7.9 12

13 Discrepancy 17.1 18.2 20.6 22.3 27.2 32.6 38.6 36.4 36.2 37.1 13

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 1127.9 1257.4 1420.3 1651.1 1916.3 2157.8 2315.6 2360.2 2420.6 2419.8 1

 2 Nonfarm noncorporate business 721.6 790.2 906.1 1036.3 1198.8 1375.7 1545.8 1619.8 1685.8 1767.2 2

 3 Farm business 404.1 465.2 512.5 612.8 714.8 780.2 767.9 737.8 731.7 649.5 3

 4 Brokers and dealers 2.1 1.9 1.7 2.0 2.7 1.9 1.9 2.5 3.1 3.1 4
FFA, 1975-1984, March 11, 2010 91

L.228 Total Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 731.7 910.7 1016.8 1209.7 1440.8 1685.4 1962.7 2124.5 2279.4 2431.1 1

 2 Household sector 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 2

 3 Nonfinancial corporate business 317.0 354.3 392.1 465.0 577.2 700.6 842.9 906.6 938.5 1011.4 3

 4 Nonfarm noncorporate business 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 4

 5 Federal government 43.2 47.3 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 5

 6 Rest of the world 125.1 228.4 251.1 298.4 352.8 397.4 421.1 457.1 435.4 426.9 6

 7 Monetary authority 2.9 3.0 3.1 4.1 4.8 3.8 4.4 4.4 4.2 4.8 7

 8 Commercial banking 69.1 73.9 85.6 106.4 112.1 126.8 184.6 178.7 198.3 211.0 8

 9 Savings institutions 18.9 23.0 29.1 29.5 32.8 34.2 34.5 29.1 48.2 60.7 9

10 Credit unions 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 10

11 Property-casualty insurance companies 59.4 69.9 82.6 96.9 112.4 127.0 138.8 150.1 163.0 177.2 11

12 Life insurance companies 35.5 39.4 44.0 48.8 54.1 57.1 64.9 71.7 81.0 95.6 12

13 Government-sponsored enterprises 10.6 12.6 13.9 18.5 24.2 27.7 32.4 38.0 37.8 48.0 13

14 Finance companies 13.9 17.8 19.8 30.5 40.9 57.5 67.1 74.5 84.1 91.1 14

15 REITs 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 0.5 15

16 Brokers and dealers -0.5 2.4 1.7 5.0 6.1 8.5 9.5 3.3 16.5 19.6 16

17 Funding corporations 1.3 1.4 1.8 2.9 3.0 3.4 9.4 16.6 49.3 33.4 17

18 Total assets 645.5 744.6 839.5 992.3 1148.9 1356.6 1602.8 1778.0 1998.1 2309.2 18

19 Household sector 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 19

20 Nonfinancial corporate business 353.2 390.0 435.9 494.3 584.8 678.3 807.8 900.1 967.0 1130.5 20

21 Nonfarm noncorporate business 21.5 24.8 29.2 33.6 38.4 41.9 56.1 47.7 48.9 50.6 21

22 Farm business 7.8 9.3 11.1 13.0 14.9 16.8 18.5 20.2 21.3 21.4 22

23 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.4 23

24 Federal government 6.1 6.1 6.8 7.5 8.5 10.1 10.9 12.4 13.1 14.4 24

25 Rest of the world 23.1 53.2 54.7 77.7 96.0 136.3 173.3 173.9 228.5 256.7 25

26 Monetary authority 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 26

27 Commercial banking 61.9 67.0 76.1 98.0 102.3 120.8 147.5 172.7 187.6 244.5 27

28 Savings institutions 17.1 22.2 27.8 33.0 34.6 38.7 44.4 63.5 76.4 107.7 28

29 Credit unions -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 29

30 Property-casualty insurance companies 3.0 4.0 5.2 5.9 6.8 7.8 8.9 9.5 9.9 9.9 30

31 Life insurance companies 15.0 16.5 18.8 21.0 23.9 26.6 30.3 37.3 45.3 52.2 31

32 Private pension funds 39.1 42.6 51.5 62.4 69.9 75.4 74.3 78.3 95.5 98.6 32

33 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 33

34 Federal government retirement funds 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 34

35 Money market mutual funds -0.1 -0.1 -0.2 0.3 0.7 0.6 1.6 1.0 0.8 1.7 35

36 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Government-sponsored enterprises 1.5 1.0 2.0 2.4 2.9 4.1 4.7 5.7 6.7 9.5 37

38 Finance companies 7.6 6.9 7.5 9.9 12.5 12.5 14.3 16.7 17.2 1.8 38

39 REITs 0.1 0.0 0.1 0.2 0.4 0.5 0.5 0.6 0.8 1.5 39

40 Brokers and dealers 0.0 2.5 1.3 4.7 6.5 7.8 9.5 11.9 17.1 19.6 40

41 Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 41

42 Discrepancy 86.2 166.1 177.3 217.4 291.9 328.8 359.8 346.5 281.2 121.9 42
92 FFA, 1975-1984, March 11, 2010

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 149.5 222.3 248.3 287.5 340.6 396.1 421.8 406.6 393.2 389.5 1

 2 Asset: Nonfinancial corporate business 141.0 212.0 235.7 272.9 323.6 376.1 398.2 380.6 365.2 359.8 2

 3 Commercial banking 2.6 3.3 4.2 5.2 6.5 8.1 10.1 11.4 12.6 13.8 3

 4 Property-casualty insurance companies 3.0 4.0 5.2 5.9 6.8 7.8 8.9 9.5 9.9 9.9 4

 5 Life insurance companies 0.8 0.9 1.0 1.1 1.3 1.5 1.7 1.7 1.7 1.9 5

 6 Finance companies 1.0 1.0 1.1 1.2 1.5 1.7 2.0 2.4 2.9 3.4 6

 7 Brokers and dealers 1.1 1.2 1.2 1.1 1.0 0.9 0.8 1.0 0.8 0.7 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 21.5 43.0 50.2 62.9 79.7 111.4 144.9 161.3 167.6 191.6 8

 9 Nonfarm noncorporate business 0.6 0.6 0.6 0.8 1.3 3.7 4.9 5.6 6.4 7.1 9

10 Commercial banking 0.9 1.0 1.2 1.4 2.0 4.6 6.6 7.8 8.7 10.3 10

11 Property-casualty insurance companies 0.9 1.1 1.3 1.5 2.2 3.3 3.5 4.0 4.7 4.0 11

12 Life insurance companies 0.8 1.0 1.1 1.3 1.9 2.8 3.6 3.9 4.0 4.9 12

13 Finance companies 0.1 0.1 0.1 0.1 0.1 0.4 0.0 0.4 0.0 1.9 13

14 Brokers and dealers 0.6 0.8 1.0 1.0 1.3 0.9 1.1 1.8 2.3 3.7 14

15 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Asset: Rest of the world 25.2 47.5 55.4 69.0 88.6 127.1 164.6 184.8 193.7 223.5 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 17

18 Asset: Federal government 4.1 5.2 6.0 6.6 7.5 8.3 9.3 10.6 11.3 12.4 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 19

20 Asset: Commercial banking 0.9 1.0 1.0 1.1 1.1 1.2 1.3 1.4 1.5 1.6 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 4.4 4.9 5.6 6.8 8.3 9.0 10.4 11.2 11.5 12.3 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 (BC) 0.3 0.4 0.4 0.5 0.6 0.8 0.8 0.9 0.8 0.9 23

24 Farm business (FICB and FLB) 1.4 1.6 1.9 2.1 2.5 3.1 3.7 4.1 4.2 4.3 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 0.0 0.0 0.0 0.0 0.0 26

27 Savings institutions (FHLB) 2.7 2.9 3.3 4.1 5.1 5.2 5.8 6.3 6.4 7.2 27

28 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 39.0 43.6 50.1 54.9 60.4 67.2 85.9 102.1 117.6 136.4 30

31 Savings institutions 0.9 1.5 2.6 3.8 4.8 5.5 5.9 5.3 5.3 6.5 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 9.9 13.2 13.7 16.9 19.3 21.4 12.5 18.7 22.8 31.1 33

34 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Asset: Bank holding companies 49.8 58.4 66.4 75.7 84.5 94.1 104.3 126.1 145.6 174.0 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 36

37 Asset: Nonfinancial corporate business 2.0 3.0 4.0 5.3 6.4 7.5 8.6 9.7 10.8 11.9 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 3.9 12.6 17.1 19.3 19.6 38

39 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 8.6 4.2 5.7 6.7 7.5 39

40 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 12.5 16.8 22.8 25.9 27.1 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, 1975-1984, March 11, 2010 93

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.0 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 1

 2 Asset: Federal government 2.0 0.9 0.8 0.9 0.9 1.8 1.6 1.8 1.8 2.1 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 2.7 3.9 4.1 6.2 9.3 10.1 11.9 14.7 11.8 18.9 6

 7 Asset: Savings institutions 2.7 3.9 4.1 6.2 9.3 10.1 11.9 14.7 11.8 18.9 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 8

 9 Asset: Life insurance companies 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 23.4 25.8 29.0 32.2 35.2 37.3 40.6 44.5 48.6 52.8 10

11 Health 6.3 7.0 8.3 9.6 10.4 11.0 11.9 13.2 15.0 16.6 11

12 Policy dividend accumulation 13.7 14.9 16.3 17.7 19.3 20.4 21.6 22.6 24.0 25.1 12

13 Policy and contract claims 3.5 3.9 4.4 4.9 5.5 5.9 7.1 8.7 9.6 11.2 13

14 Asset: Household sector 23.4 25.8 29.0 32.2 35.2 37.3 40.6 44.5 48.6 52.8 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 58.5 68.8 81.4 95.4 110.2 123.7 135.3 146.1 158.3 173.1 15

16 Asset: Household sector 20.5 24.1 28.3 32.2 37.0 42.1 46.8 51.6 63.9 62.5 16

17 Nonfinancial corporate business 20.0 23.4 27.8 33.4 38.9 43.6 47.3 50.0 53.5 58.6 17

18 Nonfarm noncorporate business 11.5 13.5 16.0 18.9 21.8 24.3 26.3 28.4 23.8 34.8 18

19 Farm business 6.5 7.7 9.2 10.9 12.4 13.7 14.8 16.1 17.1 17.1 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 22

23 Asset: Private pension funds 3.7 4.1 4.5 5.3 6.2 7.6 8.0 9.9 12.0 12.9 23

 Securities borrowed (net):

24 Liab.: Funding corporations 0.0 0.6 0.5 1.0 1.1 1.1 2.1 2.3 5.2 5.4 24

25 Asset: Brokers and dealers 0.0 0.6 0.5 1.0 1.1 1.1 2.1 2.3 5.2 5.4 25

 Nonmarketable government securities:

26 Liab.: Federal government 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 26

27 Asset: Federal government retirement funds 42.1 46.7 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 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, 1975-1984, March 11, 2010

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total liabilities 355.7 409.4 447.3 546.1 660.9 757.9 924.2 1017.3 1118.3 1166.1 1

 2 Nonfinancial corporate business 291.8 307.1 337.4 396.8 491.3 581.6 690.0 735.4 758.9 806.9 2

 3 Nonfarm noncorporate business 26.1 27.3 27.2 30.5 37.4 44.2 42.9 71.5 84.1 93.7 3

 4 Federal government 1.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Rest of the world -30.6 0.1 -3.9 3.4 3.7 -8.8 -11.5 38.1 29.2 22.9 5

 6 Monetary authority 2.0 2.0 2.1 3.0 3.6 2.6 3.1 3.0 2.8 3.1 6

 7 Commercial banking 29.2 29.2 34.3 50.1 49.8 51.1 79.5 51.7 52.8 44.7 7

 8 U.S.-chartered commercial banks 25.1 22.4 25.1 40.7 43.0 46.5 51.3 40.3 40.0 35.0 8

 9 Foreign banking offices in U.S. 2.0 1.5 2.0 4.5 3.6 1.2 23.9 6.2 4.2 2.2 9

10 Bank holding companies 2.4 5.5 7.3 5.2 3.4 1.5 1.5 2.9 4.0 3.2 10

11 Banks in U.S.-affiliated areas -0.2 -0.1 -0.2 -0.2 -0.3 1.9 2.7 2.2 4.7 4.3 11

12 Savings institutions 18.0 21.5 26.4 25.7 28.0 28.8 28.5 23.8 42.9 54.2 12

13 Credit unions 0.9 0.9 1.5 1.5 1.6 3.1 3.2 2.3 2.3 2.9 13

14 Life insurance companies 11.3 12.6 13.9 15.3 16.9 17.0 20.7 23.3 28.4 37.8 14

15 Government-sponsored enterprises 3.6 3.9 4.2 5.5 6.6 8.6 10.1 12.1 14.5 16.8 15

16 Finance companies 1.9 1.5 2.1 8.2 15.0 28.1 46.0 45.7 50.5 46.2 16

17 REITs 0.1 0.2 0.1 0.3 0.3 0.3 0.3 0.3 0.3 0.5 17

18 Brokers and dealers -1.1 1.7 0.7 4.0 4.8 -1.0 4.2 -4.2 7.5 8.4 18

19 Funding corporations 1.3 0.8 1.3 1.9 1.8 2.3 7.3 14.3 44.1 28.0 19

20 Total assets 269.5 243.4 270.0 328.7 369.0 429.0 564.4 670.8 837.0 1044.2 20

21 Nonfinancial corporate business 190.1 151.6 168.3 182.7 215.8 251.0 353.6 459.7 537.4 700.1 21

22 Nonfarm noncorporate business 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 22

23 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.4 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Rest of the world -2.1 5.7 -0.7 8.8 7.4 9.2 8.7 -11.0 34.7 33.1 25

26 Monetary authority 3.2 3.0 2.4 2.9 3.0 3.5 4.0 3.9 4.9 8.5 26

27 Commercial banking 8.6 4.3 4.4 16.1 10.2 17.3 31.8 33.9 27.9 55.2 27

28 U.S.-chartered commercial banks 3.1 -0.0 0.8 10.0 3.7 7.2 8.5 3.6 -2.1 27.8 28

29 Foreign banking offices in U.S. 0.2 -0.2 -0.8 0.6 -0.1 2.1 11.9 21.6 19.1 17.9 29

30 Bank holding companies 2.6 2.1 1.9 1.9 1.8 1.4 1.9 2.4 2.9 4.3 30

31 Banks in U.S.-affiliated areas 2.6 2.5 2.5 3.6 4.8 6.6 9.5 6.3 8.0 5.2 31

32 Savings institutions 11.8 15.4 20.3 22.7 20.2 23.5 26.6 42.5 58.2 81.6 32

33 Credit unions -0.7 -0.9 -1.0 0.6 2.3 5.7 4.7 4.2 4.2 3.5 33

34 Life insurance companies 6.5 7.2 8.6 9.5 10.9 12.2 13.8 20.1 27.5 35.1 34

35 Private pension funds 35.5 38.5 47.0 57.1 63.7 67.8 66.4 68.5 83.5 85.7 35

36 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.5 0.4 36

37 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Money market mutual funds -0.1 -0.1 -0.2 0.3 0.7 0.6 1.6 1.0 0.8 1.7 38

39 Government-sponsored enterprises 1.5 1.0 2.0 2.4 2.9 4.1 4.7 5.7 6.7 9.5 39

40 Finance companies 6.6 5.9 6.4 8.6 11.0 10.8 12.3 14.3 14.3 -1.6 40

41 REITs 0.1 0.0 0.1 0.2 0.4 0.5 0.5 0.6 0.8 1.5 41

42 Brokers and dealers -1.1 0.7 -0.4 2.6 4.4 5.8 6.5 8.6 11.1 13.6 42

43 Discrepancy 86.2 166.1 177.3 217.4 291.9 328.8 359.8 346.5 281.2 121.9 43
FFA, 1975-1984, March 11, 2010 95

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 5945.8 6686.9 7369.1 8360.2 9638.6 11002.9 11858.8 12676.6 13714.2 14879.8 1

 2 Tangible assets 2281.5 2537.6 2941.3 3401.6 3954.1 4441.6 4906.0 5136.2 5398.2 6052.9 2

 3 Real estate 1684.2 1880.0 2211.5 2578.3 3026.5 3414.0 3804.4 3990.4 4177.2 4734.5 3

 4 Households (2,3) 1413.7 1590.0 1886.8 2210.9 2603.3 2943.2 3293.0 3447.4 3606.7 4126.7 4

 5 Nonprofit organizations 270.5 290.1 324.7 367.4 423.2 470.8 511.4 543.0 570.6 607.8 5

 Equipment and software owned by

 6 nonprofit organizations (4) 19.4 22.0 24.7 28.2 32.0 36.7 40.8 43.4 46.0 48.8 6

 7 Consumer durable goods (4) 578.0 635.5 705.1 795.1 895.6 990.9 1060.8 1102.4 1175.0 1269.6 7

 8 Financial assets 3664.3 4149.3 4427.8 4958.6 5684.5 6561.3 6952.8 7540.5 8316.0 8826.9 8

 9 Deposits 908.3 1019.6 1136.7 1256.0 1375.2 1534.2 1736.9 1895.0 2087.3 2372.3 9

10 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6.9 6.9 10

11 Checkable deposits and currency 153.3 163.8 178.3 192.9 211.7 227.2 271.0 286.7 294.1 308.6 11

12 Time and savings deposits 751.3 852.5 955.2 1054.2 1124.1 1242.6 1311.3 1417.7 1631.6 1857.5 12

13 Money market fund shares 3.7 3.4 3.2 8.9 39.5 64.4 154.6 188.1 154.7 199.2 13

14 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.8 705.9 811.4 14

15 Open market paper 19.7 16.9 31.5 46.2 56.0 52.3 42.0 48.7 43.8 65.6 15

16 Treasury securities 111.8 102.7 104.5 110.3 155.9 173.9 168.8 185.7 232.7 280.4 16

17 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 17

18 Other Treasury 44.4 30.7 27.8 29.6 76.0 101.3 100.6 117.4 161.3 205.9 18

19 Agency- and GSE-backed securities 7.6 11.7 8.4 9.9 12.5 18.6 14.2 13.4 14.5 27.7 19

20 Municipal securities 66.8 72.9 78.8 104.2 123.6 130.1 160.3 201.1 246.7 290.4 20

21 Corporate and foreign bonds 64.3 74.3 79.8 73.6 66.6 59.0 60.0 53.0 57.0 44.7 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 50.4 52.8 55.3 62.4 71.6 87.2 101.4 110.9 111.2 102.5 23

24 Corporate equities (2) 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 24

25 Mutual fund shares (6) 38.7 41.4 40.4 41.1 44.8 52.1 52.6 65.1 98.0 117.5 25

26 Security credit 4.5 5.7 5.7 8.5 10.4 16.2 14.7 17.8 20.6 21.6 26

27 Life insurance reserves 168.6 177.8 187.8 199.4 210.3 220.6 230.1 238.0 246.7 252.8 27

28 Pension fund reserves 467.0 534.5 589.9 691.4 801.1 969.7 1063.5 1289.1 1535.8 1707.5 28

29 Equity in noncorporate business (7) 1127.9 1257.4 1420.3 1651.1 1916.3 2157.8 2315.6 2360.2 2420.6 2419.8 29

30 Miscellaneous assets 44.0 49.9 57.3 64.4 72.3 79.4 87.4 96.1 112.5 115.4 30

31 Liabilities 760.9 850.5 981.6 1144.7 1317.8 1447.5 1559.7 1633.3 1800.3 2011.4 31

32 Credit market instruments 734.3 818.9 946.7 1105.4 1276.1 1396.0 1507.2 1576.4 1732.0 1943.3 32

33 Home mortgages (8) 459.0 517.0 603.0 708.6 826.7 926.5 998.2 1031.1 1116.2 1242.8 33

34 Consumer credit 207.0 229.0 264.9 311.3 354.6 358.0 377.9 396.7 444.9 526.6 34

35 Municipal securities (9) 2.7 4.7 8.1 10.7 13.6 16.7 21.1 29.6 41.0 51.2 35

36 Bank loans n.e.c. 23.0 23.4 23.4 23.1 22.4 27.8 33.5 35.1 35.6 22.0 36

37 Other loans and advances 31.5 33.4 35.2 38.6 44.4 52.1 61.0 66.8 68.8 69.8 37

38 Commercial mortgages (9) 11.1 11.5 12.1 13.0 14.4 14.8 15.5 17.1 25.5 30.9 38

39 Security credit 8.3 12.5 14.5 17.1 17.5 24.7 23.0 25.8 34.2 31.8 39

40 Trade payables (9) 10.6 10.7 11.1 11.9 12.6 13.8 14.8 15.6 18.0 21.2 40

 Deferred and unpaid

41 life insurance premiums 7.7 8.4 9.3 10.3 11.7 12.9 14.7 15.5 16.1 15.1 41

42 Net worth 5184.9 5836.4 6387.4 7215.5 8320.8 9555.4 10299.0 11043.3 11913.9 12868.4 42

 Memo:

 Replacement-cost value of structures:

43 Residential 1265.4 1416.7 1664.1 1934.9 2257.1 2551.4 2744.1 2864.5 2988.2 3170.3 43

44 Households 1225.9 1374.0 1615.4 1880.4 2195.2 2482.5 2670.5 2787.3 2908.7 3087.4 44

45 Nonprofit organizations 39.5 42.6 48.7 54.5 61.9 68.9 73.7 77.2 79.5 82.9 45

46 Nonresidential (nonprofits) 157.8 168.0 185.8 207.4 235.9 264.4 287.3 306.4 321.8 341.2 46

47 Disposable personal income (SAAR) 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 436.7 448.1 445.1 448.9 464.6 477.1 460.4 457.7 458.3 445.0 48

 Owners’ equity in household real

49 estate (10) 954.6 1073.0 1283.9 1502.3 1776.6 2016.7 2294.7 2416.2 2490.4 2883.9 49

 Owners’ equity as percentage of

50 household real estate (11) 67.5 67.5 68.0 67.9 68.2 68.5 69.7 70.1 69.1 69.9 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, 1975-1984, March 11, 2010

B.102 Balance Sheet of Nonfarm Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 With tangible assets stated at either market value or replacement cost:

 1 Assets 2777.4 3074.3 3421.9 3894.0 4503.6 5128.7 5773.6 6095.1 6404.5 6962.6 1

 2 Tangible assets 2004.0 2211.2 2457.8 2795.1 3226.0 3684.1 4135.4 4346.2 4478.0 4761.9 2

 3 Real estate (1) 1147.8 1263.2 1397.4 1580.3 1811.2 2057.0 2340.0 2491.2 2561.3 2706.6 3

 4 Equipment and software (2) 553.2 611.5 688.5 785.7 908.9 1058.2 1176.3 1244.6 1284.9 1354.5 4

 5 Inventories (2) 303.1 336.5 371.8 429.1 506.0 568.8 619.1 610.5 631.8 700.7 5

 6 Financial assets 773.4 863.1 964.2 1098.9 1277.6 1444.6 1638.2 1748.9 1926.5 2200.8 6

 7 Foreign deposits 2.6 3.4 5.7 8.3 10.1 9.7 12.4 10.1 14.4 13.3 7

 8 Checkable deposits and currency 58.3 63.0 66.7 73.0 79.1 78.7 57.7 68.0 89.6 102.7 8

 9 Time and savings deposits 24.1 28.8 35.5 38.2 40.4 45.0 55.0 63.6 70.0 69.1 9

10 Money market fund shares 0.0 0.0 0.2 0.6 3.0 7.0 18.4 19.0 11.2 16.1 10

11 Security RPs 1.2 1.5 2.1 2.5 3.1 3.9 1.8 2.4 3.2 3.9 11

12 Commercial paper 8.4 10.5 9.4 9.5 9.6 9.1 8.2 7.9 12.2 9.7 12

13 Treasury securities 14.3 21.5 16.6 15.1 13.5 13.7 18.7 21.0 30.1 36.5 13

14 Agency- and GSE-backed securities 3.3 2.9 2.7 2.8 1.8 2.2 5.8 3.3 4.2 5.3 14

15 Municipal securities 4.8 4.2 4.4 4.6 4.5 9.4 10.6 12.2 18.3 22.5 15

16 Mortgages 9.7 10.4 13.6 15.5 18.8 27.4 35.9 38.2 40.0 51.4 16

17 Consumer credit 21.2 23.5 24.4 26.5 28.3 29.4 30.3 30.8 35.4 38.4 17

18 Trade receivables 271.4 302.4 346.4 407.3 479.7 529.4 574.1 569.1 626.5 694.1 18

19 Mutual fund shares (1) 0.9 1.0 0.8 0.6 1.1 1.5 1.6 3.1 4.5 7.2 19

20 Miscellaneous assets 353.2 390.0 435.9 494.3 584.8 678.3 807.8 900.1 967.0 1130.5 20

21 Liabilities 1086.9 1189.3 1335.3 1532.3 1789.3 2011.2 2293.5 2453.7 2609.6 2928.5 21

22 Credit market instruments 571.3 612.1 687.1 761.4 843.8 910.2 1027.3 1117.4 1230.4 1438.3 22

23 Commercial paper 9.6 11.0 12.8 15.5 24.5 28.0 42.7 37.6 36.8 58.5 23

24 Municipal securities (3) 6.7 9.2 17.4 25.0 35.0 45.9 59.3 74.5 83.9 104.4 24

25 Corporate bonds (4) 253.8 276.6 299.5 320.6 337.9 365.6 390.3 421.0 447.0 495.1 25

26 Bank loans n.e.c. 143.5 140.1 154.9 175.1 204.3 230.3 261.7 318.5 340.9 391.1 26

27 Other loans and advances 48.9 59.7 73.3 84.1 100.8 109.6 136.2 143.0 169.1 219.8 27

28 Mortgages 108.9 115.4 129.2 141.0 141.2 130.8 137.1 122.9 152.8 169.4 28

29 Trade payables 176.4 195.2 227.0 271.8 327.4 356.5 383.4 394.2 402.0 436.7 29

30 Taxes payable 22.3 27.8 29.1 34.1 41.0 43.9 39.9 35.6 38.6 42.2 30

31 Miscellaneous liabilities 317.0 354.3 392.1 465.0 577.2 700.6 842.9 906.6 938.5 1011.4 31

32 Net worth (market value) 1690.4 1885.0 2086.6 2361.7 2714.3 3117.5 3480.1 3641.4 3794.9 4034.1 32

 Memo:

 Replacement-cost value of structures:

33 Residential 23.6 25.5 29.3 32.8 37.2 41.5 44.8 47.5 49.2 51.3 33

34 Nonresidential 830.5 907.6 999.1 1130.9 1295.2 1473.0 1685.3 1780.9 1811.7 1909.9 34

 Market value of equities outstanding

35 (includes corporate farm equities) 754.8 927.3 819.1 856.2 1014.6 1346.3 1225.4 1386.3 1630.2 1553.3 35

36 Debt/net worth (percent) (5) 33.8 32.5 32.9 32.2 31.1 29.2 29.5 30.7 32.4 35.7 36

37 Debt/equities (percent) (6) 75.7 66.0 83.9 88.9 83.2 67.6 83.8 80.6 75.5 92.6 37

38 Equities/net worth (percent) (7) 44.7 49.2 39.3 36.3 37.4 43.2 35.2 38.1 43.0 38.5 38

 With tangible assets stated at historical cost:

39 Assets (8) 1945.3 2136.1 2366.2 2672.8 3055.7 3408.7 3841.4 4100.2 4439.1 4953.7 39

40 Tangible assets 1171.9 1272.9 1402.1 1573.9 1778.1 1964.1 2203.2 2351.4 2512.6 2753.0 40

41 Real estate 463.3 496.7 535.1 586.4 650.9 726.9 818.7 907.6 979.9 1066.4 41

42 Equipment and software 392.2 429.3 481.9 549.0 627.5 703.9 788.0 855.9 919.9 1006.7 42

43 Inventories 316.5 346.9 385.0 438.4 499.6 533.3 596.5 587.9 612.8 679.9 43

44 Net worth (historical cost) (9) 858.4 946.7 1030.9 1140.5 1266.3 1397.5 1547.9 1646.5 1829.5 2025.2 44

 Memo:

 Historical-cost value of structures:

45 Residential 11.7 12.0 12.5 13.2 14.2 15.1 16.0 16.5 17.3 18.4 45

46 Nonresidential 395.1 426.1 460.8 507.5 566.6 635.7 717.7 800.0 865.0 942.4 46

47 Debt/net worth (percent) (10) 66.6 64.7 66.7 66.8 66.6 65.1 66.4 67.9 67.3 71.0 47

 (1) At market value.

 (2) At replacement (current) cost.

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

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

 (5) Line 22 divided by line 32.

 (6) Line 22 divided by line 35.

 (7) Line 35 divided by line 32.

 (8) Sum of lines 6 and 40.

 (9) Line 39 less line 21.

 (10) Line 22 divided by line 44.
FFA, 1975-1984, March 11, 2010 97

B.103 Balance Sheet of Nonfarm Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 986.1 1079.3 1228.0 1408.0 1639.6 1881.7 2105.8 2267.0 2419.6 2636.5 1

 2 Tangible assets 917.0 1001.3 1134.4 1294.5 1506.8 1737.0 1930.0 2081.3 2206.2 2396.9 2

 3 Real estate (1) 821.5 898.1 1020.6 1164.0 1355.2 1564.2 1737.0 1878.4 1993.2 2164.3 3

 4 Residential 605.8 664.4 759.5 864.0 1002.9 1151.0 1254.4 1348.1 1430.7 1546.6 4

 5 Nonresidential 215.8 233.7 261.1 300.0 352.4 413.2 482.6 530.3 562.5 617.7 5

 6 Equipment and software (2) 79.5 85.6 94.2 107.9 124.9 142.8 160.4 170.7 179.7 195.7 6

 7 Residential (3) 8.2 9.0 9.9 11.3 12.7 14.5 16.3 17.5 18.6 19.6 7

 8 Nonresidential 71.3 76.6 84.3 96.6 112.2 128.3 144.2 153.2 161.1 176.0 8

 9 Inventories (2) 16.0 17.7 19.6 22.6 26.6 29.9 32.6 32.1 33.3 36.9 9

10 Financial assets 69.1 78.0 93.6 113.5 132.8 144.7 175.8 185.8 213.4 239.6 10

11 Checkable deposits and currency 17.8 19.8 22.4 25.6 28.3 31.1 33.3 36.8 45.0 49.8 11

12 Time and savings deposits 8.1 9.5 12.1 15.5 21.3 24.2 25.7 28.1 31.7 35.1 12

13 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 1.3 1.5 2.4 3.2 2.8 2.6 3.3 3.2 6.0 5.5 14

15 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mortgages 3.3 4.2 5.5 8.1 11.0 12.2 20.3 25.0 29.3 39.3 16

17 Consumer credit 2.7 2.5 2.0 1.5 0.9 0.2 0.0 0.0 0.0 0.0 17

18 Trade receivables 14.6 15.8 20.0 26.0 30.2 32.5 37.0 45.0 52.4 59.3 18

19 Miscellaneous assets 21.5 24.8 29.2 33.6 38.4 41.9 56.1 47.7 48.9 50.6 19

20 Insurance receivables 11.5 13.5 16.0 18.9 21.8 24.3 26.3 28.4 23.8 34.8 20

21 Equity investment in GSEs (4) 0.3 0.4 0.4 0.5 0.6 0.8 0.8 0.9 0.8 0.9 21

22 Other 9.7 10.9 12.8 14.2 15.9 16.9 29.0 18.4 24.3 14.9 22

23 Liabilities 264.5 289.2 321.9 371.7 440.8 506.1 560.0 647.2 733.7 869.2 23

24 Credit market instruments 210.7 231.2 261.3 304.8 357.5 406.4 456.8 509.5 580.3 698.8 24

25 Bank loans n.e.c. 37.7 40.4 46.4 59.6 72.8 75.3 85.5 76.0 75.5 92.4 25

26 Other loans and advances 18.9 22.8 26.7 32.7 39.3 45.4 52.4 57.1 64.9 73.1 26

27 Mortgages 154.1 168.1 188.2 212.5 245.4 285.7 319.0 376.5 439.9 533.3 27

28 Trade payables 20.6 22.3 23.8 25.6 31.7 36.4 41.6 45.3 45.8 51.5 28

29 Taxes payable 6.6 7.8 8.9 10.0 12.8 15.3 13.7 15.2 17.1 18.2 29

30 Miscellaneous liabilities 26.6 27.9 27.9 31.3 38.8 47.9 47.8 77.1 90.5 100.8 30

31 Net worth (5) 721.6 790.2 906.1 1036.3 1198.8 1375.7 1545.8 1619.8 1685.8 1767.2 31

 Memo:

 Replacement-cost value of structures:

32 Residential 493.9 536.8 616.9 697.0 799.8 895.5 962.6 1008.8 1040.8 1086.9 32

33 Nonresidential 154.8 167.0 186.1 212.0 248.5 290.0 343.3 373.9 387.0 419.4 33

34 Debt/net worth (percent) (6) 29.2 29.3 28.8 29.4 29.8 29.5 29.6 31.5 34.4 39.5 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, 1975-1984, March 11, 2010

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Change in net worth (1) 627.1 651.5 551.1 828.0 1105.3 1234.6 743.6 744.2 870.7 954.5 1

 2 Net investment 162.1 169.8 200.0 209.8 210.6 221.6 304.5 322.4 344.6 440.3 2

 3 Net physical investment 55.6 83.4 112.3 127.5 120.0 80.2 76.5 65.3 136.7 186.2 3

 4 Capital expenditures 191.5 233.3 280.0 317.4 333.5 319.8 336.5 335.5 414.2 484.4 4

 5 - Consumption of fixed capital 135.9 149.9 167.7 189.9 213.5 239.6 259.9 270.3 277.6 298.3 5

 6 Net financial investment 106.5 86.4 87.7 82.3 90.6 141.5 227.9 257.1 208.0 254.2 6

 7 Net acquisition of financial assets 165.5 174.2 218.9 246.8 262.8 259.5 335.4 345.4 394.9 473.0 7

 8 - Net increase in liabilities 59.0 87.8 131.2 164.5 172.2 118.0 107.5 88.3 187.0 218.8 8

 Holding gains on assets

 9 at market value (2) 423.7 454.0 320.0 568.1 834.9 924.3 391.8 397.9 459.9 516.1 9

10 Real estate 126.1 147.2 260.9 284.8 369.0 327.3 334.3 139.0 102.8 455.9 10

11 Corporate equities 144.1 142.8 -94.1 19.0 150.5 254.9 -61.8 94.2 151.1 -7.9 11

12 Mutual fund shares 7.6 5.6 -1.0 1.0 5.9 7.9 -3.9 9.0 10.2 0.8 12

13 Equity in noncorporate business 110.0 142.5 169.8 245.1 292.7 283.4 147.5 99.4 112.1 58.3 13

 Life insurance and

14 pension fund reserves 36.0 15.9 -15.6 18.3 16.7 50.9 -24.3 56.3 83.7 9.0 14

 Holding gains on assets

15 at current cost (2) 33.0 25.9 30.4 48.1 64.4 81.0 53.7 24.9 21.9 15.2 15

16 Consumer durable goods 31.7 25.1 29.5 46.2 62.2 77.5 50.9 23.5 21.0 14.5 16

17 Equipment and software 1.3 0.9 1.0 1.9 2.3 3.5 2.8 1.5 0.9 0.7 17

18 Other volume changes (3) 8.2 1.7 0.6 2.0 -4.6 7.7 -6.3 -0.9 44.2 -17.1 18

 Memo:

19 Net worth outstanding (4) 5184.9 5836.4 6387.4 7215.5 8320.8 9555.4 10299.0 11043.3 11913.9 12868.4 19

20 Disposable personal income 1187.3 1302.3 1435.0 1607.3 1790.9 2002.7 2237.1 2412.7 2599.8 2891.5 20

(1) Sum of net investment (line 2), holding gains (lines 9 and 15), and other volume changes (line 18).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
FFA, 1975-1984, March 11, 2010 99

R.102 Change in Net Worth of Nonfarm Nonfinancial Corporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Change in net worth (1) 12.1 194.6 201.6 275.1 352.6 403.2 362.6 161.3 153.6 239.2 1

 2 Net investment 11.9 45.7 58.7 58.2 42.5 51.2 63.0 2.5 93.6 50.4 2

 3 Net physical investment 35.6 70.5 87.7 124.4 148.1 135.5 148.1 72.8 87.7 170.7 3

 4 Capital expenditures 111.4 154.0 181.1 223.8 252.1 260.8 317.8 277.9 300.3 395.1 4

 5 - Consumption of fixed capital 88.0 97.0 109.3 124.2 143.1 165.3 190.9 211.2 217.7 227.2 5

 6 - Inventory valuation adjustment -10.5 -14.1 -15.7 -23.7 -40.1 -42.1 -24.6 -7.5 -7.4 -4.0 6

 7 - Nonproduced nonfinancial assets -1.6 0.6 -0.2 -1.1 1.0 2.1 3.4 1.4 2.5 1.1 7

 8 Net financial investment -33.6 -35.4 -31.7 -66.2 -97.8 -94.7 -71.6 -72.2 -14.1 -41.4 8

 9 Net acquisition of financial assets 26.4 67.0 114.3 130.8 159.3 127.1 210.7 88.0 141.8 277.5 9

10 - Net increase in liabilities 60.1 102.4 146.0 196.9 257.1 221.9 282.3 160.2 155.9 318.9 10

11 Net corporate equity issues 9.9 10.5 2.7 -0.1 -7.8 10.4 -13.5 1.9 20.0 -79.0 11

 Holding gains on assets

12 at market value (2) 86.3 95.4 111.1 149.3 187.8 193.7 220.1 95.1 26.6 85.9 12

13 Real estate 86.1 95.3 111.1 149.3 187.8 193.5 220.2 94.7 26.4 86.1 13

14 Mutual fund shares 0.1 0.1 -0.0 0.0 0.1 0.2 -0.1 0.3 0.2 -0.2 14

 Holding gains on assets less

15 liabilities at current cost (2) 55.2 84.1 57.4 81.1 112.9 141.7 76.6 3.5 -9.7 -3.1 15

16 Equipment and software 55.7 39.0 44.5 52.9 71.4 106.8 73.6 41.6 14.4 17.2 16

17 Inventories (3) -0.6 2.3 2.7 10.4 23.0 20.9 5.7 3.5 4.8 8.2 17

18 Direct investment abroad 0.0 60.8 14.2 23.5 26.2 32.5 10.2 -33.6 -30.4 -23.0 18

19 - Foreign direct investment in U.S. -0.0 18.0 4.1 5.7 7.7 18.5 13.0 8.0 -1.5 5.5 19

20 Other volume changes (4) -141.2 -30.6 -25.6 -13.4 9.3 16.6 3.0 60.2 43.1 106.0 20

 Memo:

21 Net worth outstanding (5) 1690.4 1885.0 2086.6 2361.7 2714.3 3117.5 3480.1 3641.4 3794.9 4034.1 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, 1975-1984, March 11, 2010

R.103 Change in Net Worth of Nonfarm Noncorporate Business

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Change in net worth (1) 53.4 68.6 116.0 130.2 162.4 176.9 170.1 74.1 66.0 81.4 1

 2 Proprietor’s net investment (2) -9.4 -6.3 -1.6 -4.3 -14.2 -22.8 16.7 -50.2 -28.9 -61.6 2

 3 Net capital transfers paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Net investment -9.4 -6.3 -1.6 -4.3 -14.2 -22.8 16.7 -50.2 -28.9 -61.6 4

 5 Net physical investment 5.6 9.4 15.5 25.5 35.6 29.5 39.9 27.6 30.5 48.1 5

 6 Capital expenditures 28.4 33.8 42.3 55.9 70.6 69.6 85.8 78.7 83.8 104.7 6

 7 - Consumption of fixed capital 22.8 24.4 26.8 30.4 35.0 40.1 45.9 51.1 53.3 56.6 7

 8 Net acquisition of financial assets 1.8 8.9 15.6 19.9 19.3 11.9 31.1 10.0 27.6 26.2 8

 - Net increase in liabilities from:

 9 Credit market instruments 12.4 20.5 30.1 43.5 52.7 49.0 50.4 52.7 70.8 118.5 9

10 Trade payables 0.4 1.7 1.6 1.7 6.2 4.7 5.1 3.8 0.5 5.7 10

11 Taxes payable 1.1 1.2 1.1 1.1 2.8 2.5 -1.6 1.5 1.8 1.1 11

12 Miscellaneous liabilities 3.0 1.3 -0.1 3.4 7.4 8.0 0.2 29.8 13.9 10.6 12

13 Holding gains on real estate (3) 54.0 66.0 107.6 121.4 159.3 179.1 134.1 109.3 83.5 133.1 13

14 Residential 42.5 53.7 86.6 91.8 121.4 135.8 92.0 90.0 71.5 101.1 14

15 Nonresidential 11.5 12.4 21.0 29.6 37.9 43.4 42.1 19.2 12.0 32.0 15

16 Holding gains on assets at current cost (3) 8.9 8.9 10.0 13.2 17.6 21.7 19.0 14.6 11.1 9.5 16

17 Residential equipment and software 0.4 0.3 0.3 0.7 0.6 1.0 1.0 0.7 0.4 -0.0 17

18 Nonresidential equipment and software 7.9 7.7 8.7 10.8 13.7 17.4 16.4 13.3 10.1 8.9 18

19 Inventories 0.5 0.9 1.0 1.8 3.3 3.3 1.6 0.6 0.6 0.6 19

20 Other volume changes (4) -0.0 -0.0 -0.1 -0.0 -0.2 -1.1 0.3 0.4 0.3 0.4 20

 Memo:

21 Net worth outstanding (5) 721.6 790.2 906.1 1036.3 1198.8 1375.7 1545.8 1619.8 1685.8 1767.2 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, 1975-1984, March 11, 2010 101

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Current receipts, NIPA basis 442.1 505.9 567.3 646.1 728.9 798.7 917.7 939.3 1000.3 1113.5 1

 2 Personal current taxes 147.6 172.3 197.5 229.4 268.7 298.9 345.2 354.1 352.3 377.4 2

 3 Taxes on production and imports 135.3 146.4 159.7 170.9 180.1 200.3 235.6 240.9 263.3 289.8 3

 4 Taxes on corporate income 50.9 64.2 73.0 83.5 88.0 84.8 81.1 63.1 77.2 94.0 4

 5 Taxes from the rest of the world 0.5 0.7 0.7 1.0 1.1 1.6 1.5 1.4 1.2 1.3 5

 6 Contributions for govt. social insurance 89.9 102.0 113.9 132.1 153.7 167.2 196.9 210.1 227.2 258.8 6

 7 Income receipts on assets 16.1 16.3 18.4 23.2 30.8 39.9 50.2 58.9 65.3 74.3 7

 8 Current transfer receipts 5.1 5.8 6.8 8.2 9.4 11.1 12.7 15.3 16.9 19.7 8

 9 Current surplus of government enterprises -3.2 -1.8 -2.7 -2.2 -2.9 -5.1 -5.6 -4.5 -3.2 -1.9 9

10 Current expenditures, NIPA basis 510.2 552.2 600.3 656.3 729.9 846.5 966.9 1076.8 1171.7 1261.0 10

11 Consumption expenditures 294.6 316.6 346.6 376.5 412.3 465.9 520.6 568.1 610.5 657.6 11

12 Government social benefits 165.1 179.8 191.7 205.9 230.1 274.4 311.5 346.5 373.6 384.1 12

13 Other current transfer payments 6.1 4.5 4.2 5.0 5.8 7.3 6.7 8.1 8.9 11.2 13

14 Interest payments 40.0 46.3 50.8 60.2 72.9 89.1 116.7 138.9 156.9 187.3 14

15 Subsidies 4.5 5.1 7.1 8.9 8.5 9.8 11.5 15.0 21.3 21.1 15

16 - Wage accruals less disbursements 0.1 0.1 0.1 0.3 -0.2 -0.0 0.1 -0.0 -0.4 0.2 16

17 Net government saving, NIPA basis -68.2 -46.3 -33.0 -10.2 -1.0 -47.8 -49.2 -137.5 -171.4 -147.5 17

18 + Consumption of fixed capital 39.9 42.6 45.6 49.5 54.4 61.8 70.1 77.1 81.6 86.9 18

19 - Insurance and pension fund reserves (1) 1.8 0.6 0.2 0.9 0.5 -0.0 -0.5 -0.0 1.1 3.6 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.6 0.6 0.8 0.9 0.9 1.0 1.2 1.2 1.3 1.3 20

21 - Net capital transfers (2) -6.2 -7.0 -9.1 -6.9 -7.2 -8.4 -8.9 -9.8 -8.2 -8.3 21

22 = Gross saving less net capital transfers -24.5 2.1 20.7 44.4 59.2 21.4 29.1 -51.7 -83.9 -57.3 22

23 Gross investment -17.6 6.7 26.6 46.8 71.6 32.2 19.9 -64.1 -82.4 -53.3 23

24 Fixed investment 63.1 66.4 67.5 77.1 88.5 100.3 106.9 112.3 122.9 139.4 24

25 Nonproduced nonfinancial assets 1.5 -0.6 0.2 1.0 -1.1 -2.3 -3.5 -1.6 -2.7 -1.3 25

26 Net financial investment -82.2 -59.1 -41.1 -31.3 -15.7 -65.8 -83.5 -174.9 -202.6 -191.3 26

27 Net acquisition of financial assets 23.8 30.5 27.8 56.9 62.1 43.2 34.2 35.3 35.9 73.8 27

28 Gold, SDRs, and official foreign exchange 0.7 2.4 0.3 -3.1 1.4 5.0 4.6 4.4 2.9 2.6 28

29 Checkable deposits and currency 3.2 2.9 0.6 4.4 -1.2 -3.1 -1.1 4.9 -8.9 10.3 29

30 Time and savings deposits -1.5 2.3 6.8 7.2 -2.1 -2.2 2.1 4.3 -6.7 0.8 30

31 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Security RPs -0.8 0.2 -0.1 4.1 9.6 5.2 -3.3 2.4 16.6 20.5 32

33 Credit market instruments 19.4 11.7 17.3 33.2 44.7 33.1 40.0 21.5 17.9 29.2 33

34 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Agency- and GSE-backed securities (3) 2.2 2.2 6.3 12.8 19.9 0.4 9.4 1.1 -0.1 4.5 35

36 Municipal securities 2.4 2.4 0.6 -0.7 -0.5 0.2 0.1 0.2 0.6 1.1 36

37 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 4.0 37

38 Mortgages 8.1 1.7 4.7 6.7 13.1 17.3 12.6 7.6 9.1 10.7 38

39 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Other loans and advances (4) 6.7 5.5 5.6 14.4 12.2 15.3 17.9 12.6 7.3 8.9 40

41 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Trade receivables 2.6 2.2 1.6 6.0 6.3 6.5 4.9 6.1 5.3 8.2 43

44 Taxes receivable -0.3 7.7 0.7 4.1 2.5 -1.8 -13.9 -10.0 8.1 -0.6 44

45 Miscellaneous assets 0.6 1.0 0.6 0.9 0.9 0.4 1.0 1.6 0.8 2.9 45

46 Net increase in liabilities 106.0 89.5 68.9 88.2 77.9 108.9 117.7 210.2 238.5 265.1 46

47 SDR certificates 0.1 0.7 0.1 0.1 0.5 0.7 0.8 1.3 0.0 0.0 47

48 Treasury currency 0.8 0.5 0.3 0.5 1.1 0.6 0.4 0.4 0.5 0.6 48

49 Credit market instruments 95.3 73.2 54.9 71.2 60.4 90.8 96.9 184.1 208.5 225.2 49

50 Savings bonds 4.0 4.7 4.7 3.9 -0.8 -7.3 -4.3 0.2 3.1 3.0 50

51 Other Treasury securities (5) 80.8 52.2 31.3 27.7 36.2 77.4 75.3 144.1 159.2 177.6 51

52 Budget agency securities -0.4 -0.0 -0.8 -1.3 -1.3 -0.5 -0.3 -0.8 -0.0 -0.1 52

53 Municipal securities 11.0 16.4 19.7 41.0 26.4 21.3 26.4 40.8 46.2 44.8 53

54 Multifamily residential mortgages -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 54

55 Trade payables 4.4 9.1 7.4 9.1 8.6 9.3 7.9 11.4 12.1 14.9 55

56 Insurance reserves 2.3 0.6 0.7 0.7 0.5 0.6 0.6 0.8 1.0 1.1 56

57 Miscellaneous liabilities (6) 3.0 5.5 5.7 6.8 6.7 7.0 11.0 12.2 16.6 23.4 57

58 Discrepancy -6.9 -4.6 -5.9 -2.3 -12.4 -10.9 9.3 12.4 -1.5 -4.0 58

 Memo:

59 Net govt. saving less fixed investment (7) -131.3 -112.7 -100.5 -87.3 -89.4 -148.1 -156.1 -249.8 -294.2 -286.9 59

60 Adjustment between NIPA and FOF (8) 49.1 53.6 59.4 56.0 73.7 82.3 72.6 74.9 91.6 95.5 60

61 Items to be financed (9) -82.2 -59.1 -41.1 -31.3 -15.7 -65.8 -83.5 -174.9 -202.6 -191.3 61

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

(2) Table F.9, line 59 less line 12.

(3) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(4) Excludes loans to state and local governments.

(5) Excludes Treasury securities owed to state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(7) Line 17 less line 24.

(8) Line 18 less the sum of lines 19, 20, 21, 25, and 58.

(9) Line 59 plus line 60.
102 FFA, 1975-1984, March 11, 2010

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

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets 233.8 260.3 288.7 347.0 413.4 460.0 495.4 540.0 571.5 651.7 1

 2 Gold, SDRs, and official foreign exchange 4.6 7.0 7.6 5.4 5.3 10.6 13.8 17.1 19.0 20.3 2

 3 Checkable deposits and currency 24.5 27.4 28.1 32.1 32.2 28.6 28.3 33.9 25.2 35.6 3

 4 Time and savings deposits 47.5 49.8 56.6 63.9 61.8 59.6 61.7 66.0 59.3 60.1 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs -2.1 -1.9 -2.0 2.2 11.8 17.0 13.7 16.1 32.7 53.1 6

 7 Credit market instruments 117.3 127.6 144.8 178.0 224.5 258.0 298.3 319.9 337.5 367.0 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Agency- and GSE-backed securities (1) 18.2 20.4 26.7 39.5 59.4 59.7 69.1 70.2 70.1 74.6 9

10 Municipal securities 5.0 7.3 7.9 7.2 6.8 7.0 7.1 7.4 8.0 9.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 5.0 11

12 Mortgages 32.0 33.6 38.4 45.1 58.1 75.4 88.1 95.7 104.8 115.9 12

13 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Other loans and advances (2) 62.2 66.3 71.8 86.2 100.2 115.8 134.0 146.7 153.8 162.5 14

15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Trade receivables 21.7 23.9 25.4 31.5 37.8 44.3 49.2 55.3 60.6 68.8 17

18 Taxes receivable 14.2 20.4 21.3 26.5 31.6 31.8 19.5 19.3 24.1 31.0 18

19 Miscellaneous assets 6.1 6.1 6.8 7.5 8.5 10.1 10.9 12.4 13.1 15.9 19

20 Total liabilities 743.3 829.8 897.4 985.8 1063.9 1173.6 1289.1 1499.2 1735.7 1995.9 20

21 SDR certificates 0.5 1.2 1.3 1.3 1.8 2.5 3.3 4.6 4.6 4.6 21

22 Treasury currency 8.2 8.7 8.9 9.4 10.5 11.1 11.5 11.9 12.3 12.9 22

23 Credit market instruments 629.7 702.8 756.2 827.3 887.7 978.5 1075.4 1259.5 1468.0 1693.2 23

24 Savings bonds 67.4 72.0 76.8 80.7 79.9 72.5 68.2 68.3 71.5 74.5 24

25 Other Treasury securities (3) 339.8 391.5 422.8 450.5 486.7 564.2 639.4 783.5 942.7 1120.3 25

26 Budget agency securities 7.9 8.3 7.6 6.2 4.9 4.4 4.1 3.4 3.3 3.2 26

27 Municipal securities 213.6 230.0 248.1 289.1 315.6 336.8 363.2 404.0 450.2 495.0 27

28 Multifamily residential mortgages 1.1 1.0 0.9 0.8 0.7 0.6 0.4 0.3 0.2 0.1 28

29 Trade payables 51.6 59.0 66.4 75.5 83.0 91.1 97.9 109.3 121.3 136.2 29

30 Insurance reserves 10.2 10.8 11.4 12.1 12.6 13.2 13.8 14.7 15.6 16.7 30

31 Miscellaneous liabilities (4) 43.2 47.3 53.2 60.3 68.3 77.2 87.2 99.2 113.8 132.3 31

(1) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(2) Excludes loans to state and local governments.

(3) Excludes Treasury securities owed to state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 1975-1984, March 11, 2010 103

F.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Net acquisition of financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (1) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 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 ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 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: ND ND ND ND ND ND ND 28.9 37.3 50.7 1

 2 Commercial banking ND ND ND ND ND ND ND 9.4 12.5 14.9 2

 3 Saving institutions ND ND ND ND ND ND ND 8.5 11.3 14.3 3

 4 Credit unions ND ND ND ND ND ND ND 1.3 1.6 2.5 4

 5 Life insurance companies ND ND ND ND ND ND ND 2.5 3.1 3.6 5

 6 Money market mutual funds ND ND ND ND ND ND ND 1.3 0.7 2.0 6

 7 Mutual funds ND ND ND ND ND ND ND 1.7 3.8 4.8 7

 8 Other self-directed accounts ND ND ND ND ND ND ND 4.2 4.3 8.5 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, 1975-1984, March 11, 2010

L.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Total financial assets ND ND ND ND ND ND ND ND ND 588.7 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND 3.3 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND 36.1 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND 0.0 4

 5 Security RPs ND ND ND ND ND ND ND ND ND 10.9 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND 236.3 6

 7 Open market paper ND ND ND ND ND ND ND ND ND 11.8 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND 81.3 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND 34.8 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND 98.7 10

11 Mortgages ND ND ND ND ND ND ND ND ND 9.7 11

12 Corporate equities ND ND ND ND ND ND ND ND ND 247.2 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND 7.9 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND 47.0 14

15 Unallocated insurance contracts (1) ND ND ND ND ND ND ND ND ND 0.0 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND 12.9 16

17 Other ND ND ND ND ND ND ND ND ND 34.1 17

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

L.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets ND ND ND ND ND ND ND ND ND 287.5 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND 0.0 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND 32.0 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND 6.9 4

 5 Security RPs ND ND ND ND ND ND ND ND ND 0.0 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND 69.6 6

 7 Open market paper ND ND ND ND ND ND ND ND ND 7.9 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND 27.1 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND 9.8 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND 24.7 10

11 Mortgages ND ND ND ND ND ND ND ND ND 0.0 11

12 Corporate equities ND ND ND ND ND ND ND ND ND 127.4 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND 0.0 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND 51.6 14

15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND 0.0 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND 0.0 16

17 Other ND ND ND ND ND ND ND ND ND 51.6 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.

L.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars

 1 Total held at: ND ND ND ND ND ND 38.0 68.0 107.0 159.0 1

 2 Commercial banking ND ND ND ND ND ND 8.1 17.5 30.0 44.9 2

 3 Saving institutions ND ND ND ND ND ND 16.6 25.1 36.4 50.7 3

 4 Credit unions ND ND ND ND ND ND 2.5 3.8 5.4 7.9 4

 5 Life insurance companies ND ND ND ND ND ND 3.3 5.8 9.0 12.6 5

 6 Money market mutual funds ND ND ND ND ND ND 1.6 2.9 3.6 5.6 6

 7 Mutual funds ND ND ND ND ND ND 1.0 3.1 7.4 12.3 7

 8 Other self-directed accounts ND ND ND ND ND ND 4.9 9.8 15.3 25.0 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, 1975-1984, March 11, 2010 105

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

Billions of dollars

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984

 

 1 Assets 5945.8 6686.9 7369.1 8360.2 9638.6 11002.9 11858.8 12676.6 13714.2 14879.8 1

 2 Tangible assets 2281.5 2537.6 2941.3 3401.6 3954.1 4441.6 4906.0 5136.2 5398.2 6052.9 2

 3 Financial assets 3664.3 4149.3 4427.8 4958.6 5684.5 6561.3 6952.8 7540.5 8316.0 8826.9 3

 4 Deposits 908.3 1019.6 1136.7 1256.0 1375.2 1534.2 1736.9 1895.0 2087.3 2372.3 4

 5 Credit market instruments 320.7 331.3 358.4 406.7 486.1 521.0 546.6 612.8 705.9 811.4 5

 6 Equity shares at market value 758.7 935.5 826.7 865.8 1027.5 1345.0 1232.6 1386.8 1637.4 1578.2 6

 7 Directly held 584.6 731.6 631.3 640.0 768.1 1010.4 905.2 966.3 1088.6 1008.7 7

 8 Indirectly held 174.1 203.8 195.4 225.9 259.5 334.6 327.5 420.5 548.9 569.5 8

 9 Life insurance companies 9.3 12.2 10.9 11.5 12.8 17.6 16.8 20.3 24.8 23.8 9

10 Private pension funds 110.2 128.3 126.2 152.9 178.9 237.0 230.0 298.1 369.4 379.3 10

11 Defined benefit plans 79.9 93.2 91.6 110.8 126.3 167.3 161.8 209.8 260.0 251.9 11

12 Defined contribution plans 30.2 35.1 34.6 42.1 52.6 69.6 68.2 88.3 109.5 127.4 12

13 State and local govt. retirement funds 24.3 30.1 30.0 33.3 37.1 44.3 47.8 60.2 89.6 96.5 13

14 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Mutual funds 30.3 33.2 28.3 28.2 30.7 35.8 32.9 41.9 65.0 69.8 15

16 Other 1676.6 1862.9 2106.0 2430.1 2795.7 3161.1 3436.6 3645.8 3885.4 4065.1 16

17 Liabilities 760.9 850.5 981.6 1144.7 1317.8 1447.5 1559.7 1633.3 1800.3 2011.4 17

18 Net worth 5184.9 5836.4 6387.4 7215.5 8320.8 9555.4 10299.0 11043.3 11913.9 12868.4 18

 Memo:

19 Equity shares excluding defined benefit plans 654.4 812.2 705.1 721.8 864.2 1133.3 1023.1 1116.8 1287.8 1229.7 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) 12.8 14.0 11.2 10.4 10.7 12.2 10.4 10.9 11.9 10.6 20

21 Financial assets (line 3) 20.7 22.5 18.7 17.5 18.1 20.5 17.7 18.4 19.7 17.9 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.