108 Z.1, December 8, 2005

F.100.a Nonprofit Organizations (1)

Billions of dollars

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Net financial investment 53.5 42.1 21.7 8.8 23.3 11.1 52.5 48.5 83.6 9.2 1.5 -6.0 39.6 1

 2 Net acquisition of financial assets 70.9 75.8 53.8 46.4 53.0 45.2 76.5 84.9 120.0 47.4 55.0 28.8 108.1 2

 3 Checkable deposits and currency 0.5 -1.0 1.3 4.0 1.2 1.7 -2.5 2.3 8.3 2.9 3.1 2.3 5.1 3

 4 Time and savings deposits -0.2 5.4 -6.2 10.4 -2.4 -1.5 0.2 0.2 1.1 0.3 1.1 0.6 0.8 4

 5 Money market fund shares -13.1 4.9 -1.2 32.9 4.0 -13.8 1.1 1.2 9.4 -1.8 7.1 3.8 4.5 5

 6 Security RPs (2) 0.4 3.1 -2.2 -1.3 6.0 0.5 0.2 0.2 1.4 0.0 1.3 0.7 0.8 6

 7 Credit market instruments 54.9 21.9 22.2 -17.6 10.9 25.5 16.6 38.8 36.7 23.1 36.4 46.7 32.6 7

 8 Open market paper 38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 2.0 4.1 1.3 3.0 4.7 12.4 8

 9 Treasury securities 6.4 13.8 4.8 6.1 6.8 5.1 6.4 16.4 13.9 8.9 11.6 17.5 5.4 9

10 Agency- and GSE-backed securities 4.5 2.6 4.6 3.6 3.1 2.3 2.9 7.6 6.4 4.1 5.4 8.1 2.5 10

11 Municipal securities 0.0 0.5 -0.5 0.0 0.2 0.3 0.4 0.1 0.0 -0.1 0.1 0.1 0.0 11

12 Corporate and foreign bonds 6.6 9.7 8.2 7.9 5.6 4.5 2.4 11.9 11.7 8.3 15.4 15.4 10.5 12

13 Mortgages -0.8 0.9 -0.7 -0.1 0.9 0.9 -0.1 0.9 0.6 0.6 0.9 0.8 1.7 13

14 Corporate equities 5.2 16.1 15.0 -18.6 18.6 8.9 45.1 -10.4 21.0 -30.6 -40.7 -67.4 15.4 14

15 Mutual fund shares -1.0 2.6 1.2 -3.3 0.7 -0.7 1.5 1.3 2.4 -1.0 0.4 -3.3 -1.0 15

16 Security credit 2.8 2.8 2.6 2.0 1.1 0.8 2.0 1.5 3.4 3.7 4.6 1.1 4.3 16

17 Trade receivables (2) 2.8 2.8 2.6 2.0 1.1 1.8 2.1 1.6 3.5 2.6 4.6 1.1 4.3 17

18 Equity in noncorporate business -0.1 -3.9 -6.0 15.2 10.6 7.0 0.2 10.2 8.4 9.7 12.5 12.0 16.3 18

19 Miscellaneous assets (2) 18.6 21.0 24.5 20.5 1.2 15.0 10.1 38.0 24.4 38.3 24.7 31.2 25.0 19

20 Net increase in liabilities 17.3 33.6 32.1 37.6 29.7 34.1 24.0 36.4 36.3 38.2 53.5 34.7 68.5 20

21 Credit market instruments 7.8 12.0 12.2 14.5 9.6 14.2 2.8 -0.1 11.5 13.4 23.6 13.5 19.3 21

22 Municipal securities 1.8 3.5 3.3 4.0 2.0 1.4 3.6 0.7 6.6 10.0 12.0 10.4 5.8 22

23 Bank loans n.e.c. 0.2 -5.2 -1.1 -2.8 2.4 5.0 6.4 8.9 0.2 4.8 3.1 -4.3 1.3 23

24 Other loans and advances -0.0 -0.0 0.3 0.4 -0.2 0.1 0.1 -0.1 0.0 -0.2 -0.1 0.1 -0.3 24

25 Commercial mortgages 5.8 13.8 9.7 12.9 5.4 7.7 -7.4 -9.6 4.7 -1.2 8.6 7.3 12.5 25

26 Trade payables 2.4 16.2 9.3 9.4 5.9 6.0 5.2 7.9 8.0 8.9 8.7 4.1 3.8 26

27 Miscellaneous liabilities (2) 7.1 5.5 10.5 13.7 14.2 14.0 16.0 28.6 16.8 15.8 21.2 17.0 45.4 27

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table F.100.
Z.1, December 8, 2005 109

L.100.a Nonprofit Organizations (1)

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

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

 

 1 Total financial assets 590.7 710.5 742.1 828.1 890.2 957.1 1025.5 1214.0 1414.1 1607.3 1793.9 1974.7 2003.8 1

 2 Checkable deposits and currency 17.0 15.9 17.3 21.3 22.5 24.1 21.6 23.9 32.1 35.0 38.1 40.4 45.5 2

 3 Time and savings deposits 1.5 6.8 0.6 11.1 8.7 7.1 7.3 7.5 8.6 8.9 10.0 10.6 11.4 3

 4 Money market fund shares 15.9 20.8 19.6 52.5 56.5 42.7 43.8 45.1 54.5 52.7 59.8 63.6 68.1 4

 5 Security RPs (2) 1.7 4.8 2.5 1.3 7.3 7.8 8.0 8.2 9.6 9.6 10.9 11.6 12.5 5

 6 Credit market instruments 229.3 251.2 273.4 255.9 266.8 292.3 308.9 347.7 384.4 407.6 443.9 490.6 523.2 6

 7 Open market paper 93.6 87.9 93.7 58.5 52.7 65.0 69.7 71.7 75.8 77.1 80.2 84.9 97.3 7

 8 Treasury securities 55.7 69.5 74.3 80.3 87.1 92.2 98.5 114.9 128.8 137.6 149.2 166.8 172.2 8

 9 Agency- and GSE-backed securities 26.3 28.9 33.5 37.1 40.3 42.6 45.5 53.1 59.5 63.6 69.0 77.1 79.6 9

10 Municipal securities 0.1 0.6 0.1 0.2 0.4 0.8 1.1 1.2 1.3 1.2 1.3 1.5 1.5 10

11 Corporate and foreign bonds 51.1 60.8 69.0 77.0 82.6 87.1 89.5 101.4 113.1 121.4 136.8 152.2 162.6 11

12 Mortgages 2.6 3.5 2.8 2.8 3.7 4.6 4.5 5.3 6.0 6.6 7.4 8.3 10.0 12

13 Corporate equities 145.8 203.0 197.5 214.6 241.1 270.2 308.2 397.1 494.7 604.9 692.0 769.3 708.6 13

14 Mutual fund shares 10.2 15.8 15.3 15.9 17.7 18.5 19.0 24.6 30.4 34.5 38.7 42.7 38.8 14

15 Security credit 25.7 28.5 31.1 33.1 34.3 35.0 37.1 38.6 42.0 45.8 50.3 51.5 55.8 15

16 Trade receivables (2) 25.7 28.5 31.1 33.1 34.3 36.1 38.1 39.7 43.2 45.8 50.3 51.5 55.8 16

17 Equity in noncorporate business 26.1 22.2 16.2 31.4 42.0 49.0 49.2 59.4 67.8 77.5 90.0 102.0 118.3 17

18 Miscellaneous assets (2) 92.0 112.9 137.4 158.0 159.2 174.2 184.3 222.2 246.7 285.0 309.7 340.9 365.9 18

19 Liabilities 253.8 287.5 319.5 357.1 386.8 421.0 444.9 481.4 517.7 555.8 609.3 644.1 712.5 19

20 Credit market instruments 154.7 166.7 178.9 193.4 203.0 217.1 219.9 219.8 231.4 244.8 268.4 281.9 301.2 20

21 Municipal securities 79.9 83.3 86.6 90.6 92.6 94.0 97.6 98.3 104.9 114.9 126.9 137.3 143.0 21

22 Bank loans n.e.c. 15.5 10.3 9.2 6.4 8.8 13.8 19.9 28.8 29.0 34.1 37.2 35.8 37.1 22

23 Other loans and advances 0.3 0.3 0.5 0.9 0.7 0.8 0.9 0.8 0.9 0.7 0.6 0.7 0.4 23

24 Commercial mortgages 59.0 72.8 82.5 95.5 100.9 108.5 101.5 91.9 96.6 95.1 103.7 108.2 120.7 24

25 Trade payables 41.3 57.4 66.8 76.2 82.1 88.1 93.2 101.1 109.1 118.0 126.8 130.9 134.7 25

26 Miscellaneous liabilities (2) 57.9 63.3 73.9 87.6 101.8 115.8 131.8 160.4 177.2 193.0 214.2 231.2 276.6 26

(1) Does not include religious organizations or organizations with less than $25,000 in gross annual receipts.

(2) Not included in table L.100.
110 Z.1, December 8, 2005

F.106.c Consolidated Statement for Federal, State, and Local Governments (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

2001 2002 2003 2004 2004 2005

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Current receipts, NIPA basis 3113.2 2958.7 3018.1 3208.2 3122.0 3181.2 3208.0 3321.6 3497.2 3564.3 3493.6 1

 2 Personal current taxes 1237.3 1051.8 999.9 1049.1 1009.6 1034.0 1058.4 1094.3 1171.4 1206.0 1216.8 2

 3 Taxes on production and imports 728.6 762.8 801.4 852.8 837.1 847.8 855.5 870.9 883.8 900.1 909.9 3

 4 Taxes on corporate income 195.0 182.6 221.9 258.9 246.5 262.1 246.9 280.1 348.1 358.5 349.4 4

 5 Taxes from the rest of the world 7.2 7.3 8.5 9.2 9.2 8.5 7.9 11.2 9.7 8.5 8.5 5

 6 Contributions for govt. social insurance 731.2 750.0 776.6 822.2 806.3 813.0 825.9 843.5 861.0 864.9 872.5 6

 7 Income receipts on assets 113.7 98.4 97.6 99.0 97.6 98.2 99.2 101.0 101.2 103.1 102.2 7

 8 Current transfer receipts 101.8 104.9 110.9 120.1 117.5 119.9 117.2 125.7 128.2 130.1 57.1 8

 9 Current surplus of government enterprises -1.4 0.9 1.3 -3.0 -1.6 -2.2 -3.0 -5.2 -6.1 -7.0 -22.7 9

10 Current expenditures, NIPA basis 3061.6 3240.8 3424.7 3620.6 3557.8 3596.3 3638.9 3689.2 3788.1 3840.3 3899.6 10

11 Consumption expenditures 1501.6 1616.9 1736.7 1843.4 1805.8 1830.1 1859.6 1878.2 1918.6 1938.5 1988.0 11

12 Government social benefits 1146.6 1251.6 1316.4 1397.5 1373.5 1393.8 1400.1 1422.6 1462.9 1483.6 1484.1 12

13 Other current transfer payments 14.0 18.8 23.6 25.9 33.5 22.4 22.2 25.3 38.3 23.5 28.0 13

14 Interest payments 344.1 315.1 301.4 310.3 304.2 306.8 313.8 316.5 317.8 342.6 343.5 14

15 Subsidies 55.3 38.4 46.7 43.5 42.3 41.8 43.2 46.5 50.6 52.1 56.1 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 1.5 -1.5 -0.0 0.0 0.0 0.0 0.0 16

17 Net government saving, NIPA basis 51.6 -282.1 -406.5 -412.3 -435.8 -415.0 -430.9 -367.7 -290.9 -276.1 -406.0 17

18 + Consumption of fixed capital 206.0 211.6 218.5 229.1 223.3 228.1 230.6 234.5 237.5 240.4 259.9 18

19 - Insurance and pension fund reserves (2) 3.3 -1.7 -0.6 0.0 1.6 -3.8 -1.3 3.5 5.4 -1.8 -6.2 19

20 + Net capital transfers (3) 35.7 29.0 11.1 13.9 13.4 13.5 15.9 12.9 -1.8 13.9 14.5 20

21 = Gross saving and net capital transfers 290.0 -39.8 -176.3 -169.3 -200.7 -169.7 -183.1 -123.8 -60.6 -20.0 -125.5 21

22 Gross investment 299.3 -20.0 -191.2 -135.6 -284.6 -101.3 -75.1 -81.2 -272.1 183.7 -45.7 22

23 Fixed investment 324.0 344.3 355.3 372.5 360.4 375.0 372.9 381.7 383.4 399.1 404.3 23

24 Nonproduced nonfinancial assets 8.6 10.9 11.1 11.8 11.6 10.9 13.6 11.0 12.5 11.8 11.0 24

25 Net financial investment -33.2 -375.2 -557.6 -519.8 -656.6 -487.2 -461.6 -473.9 -668.0 -227.3 -461.0 25

26 Net acquisition of financial assets 132.6 57.5 83.1 39.2 58.8 -2.3 40.9 59.6 166.3 -114.4 -12.8 26

27 Gold, SDRs, and official foreign exchange 4.6 3.4 -1.8 -3.1 -2.5 -4.8 -2.0 -3.2 -21.6 2.9 -14.4 27

28 Checkable deposits and currency 45.1 -12.0 12.7 -35.7 -58.0 -14.3 -55.5 -14.7 106.4 -35.1 -45.5 28

29 Time and savings deposits 16.2 25.9 -17.2 6.9 5.2 0.1 24.4 -2.2 59.7 -6.0 45.1 29

30 Money market fund shares 3.2 1.6 3.6 3.2 3.9 0.3 3.4 5.3 3.1 -1.0 4.0 30

31 Security RPs -11.1 -16.4 7.2 6.4 7.7 0.5 6.7 10.5 6.2 -1.9 8.0 31

32 Credit market instruments 80.8 69.3 41.5 42.9 52.3 -8.8 65.5 62.7 38.1 -26.4 64.7 32

33 Open market paper 17.4 14.4 9.4 8.3 10.1 0.7 8.7 13.8 8.1 -2.5 10.4 33

34 Agency- and GSE-backed securities (4) 47.2 41.9 20.4 18.1 22.0 1.5 18.9 29.9 17.6 -5.5 22.7 34

35 Municipal securities 0.2 0.1 0.3 0.2 0.3 0.0 0.2 0.4 0.2 -0.1 0.3 35

36 Corporate and foreign bonds 11.2 9.1 6.5 5.7 7.0 0.5 6.0 9.5 5.6 -1.7 7.2 36

37 Mortgages -2.1 -4.8 5.3 8.4 16.3 -5.4 7.9 15.0 7.7 -1.5 12.4 37

38 Consumer credit 13.1 12.7 1.3 4.3 -0.9 -5.0 26.3 -3.3 9.1 -8.0 21.1 38

39 Other loans and advances (5) -6.2 -4.1 -1.6 -2.2 -2.5 -1.1 -2.7 -2.5 -10.4 -7.1 -9.4 39

40 Corporate equities 4.0 10.3 -17.5 -5.0 -2.1 -2.7 12.1 -27.3 14.2 -8.7 -7.1 40

41 Mutual fund shares 0.4 2.1 -5.4 -1.5 -0.7 -0.8 3.7 -8.3 4.3 -2.7 -2.2 41

42 Trade receivables 13.2 -0.7 26.4 17.1 22.4 12.7 12.0 21.3 -2.8 8.0 8.2 42

43 Taxes receivable -7.0 2.5 40.3 11.9 36.3 10.6 0.6 0.0 91.3 -1.5 -28.4 43

44 Miscellaneous assets -16.8 -28.5 -6.8 -3.8 -5.7 4.8 -29.9 15.5 -132.7 -42.0 -45.3 44

45 Net increase in liabilities 165.8 432.7 640.7 559.1 715.4 484.9 502.5 533.5 834.3 112.9 448.2 45

46 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Treasury currency 1.3 1.0 0.6 0.7 0.8 1.2 0.7 0.1 0.8 1.1 0.9 47

48 Credit market instruments 81.6 374.7 505.3 457.4 612.4 395.3 398.3 423.6 740.1 3.4 349.6 48

49 Savings bonds 5.6 4.5 8.9 0.6 3.5 1.5 -1.1 -1.4 0.1 0.7 -1.7 49

50 Other Treasury securities (6) -29.0 226.2 381.2 339.4 451.9 346.5 254.5 304.5 538.8 -101.3 131.5 50

51 Budget agency securities -0.5 0.5 -2.4 -0.6 1.1 -3.6 -0.2 0.3 -0.7 -1.4 -0.4 51

52 Municipal securities 105.5 143.4 117.5 118.0 155.9 51.0 145.0 120.2 201.9 105.3 220.1 52

53 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Trade payables 28.6 29.5 103.0 49.6 59.7 51.3 50.8 36.8 47.2 53.0 47.3 54

55 Insurance reserves 1.4 1.6 1.1 1.1 -0.0 1.9 0.2 2.3 0.0 1.7 0.3 55

56 Miscellaneous liabilities (7) 53.0 26.0 30.7 50.3 42.6 35.3 52.5 70.7 46.2 53.7 50.0 56

57 Discrepancy -9.3 -19.8 14.9 -33.8 83.9 -68.3 -107.9 -42.7 211.5 -203.7 -79.7 57

 Memo:

58 Net govt. saving less fixed investment (8) -272.4 -626.4 -761.8 -784.9 -796.2 -790.0 -803.8 -749.4 -674.3 -675.1 -810.3 58

59 Adjustment between NIPA and FOF (9) 239.1 260.9 214.4 264.4 139.4 301.9 341.3 275.1 4.8 447.0 347.6 59

60 Items to be financed (10) -33.2 -365.5 -547.4 -520.4 -656.9 -488.1 -462.4 -474.3 -669.5 -228.1 -462.6 60

(1) This table is consistent with NIPA table 3.1 in the Survey of Current Business, Department of Commerce.

(2) 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.

(3) Table F.9, line 1.

(4) Holdings by state and local governments may include small amounts of budget agency securities issued by the federal government.

(5) Excludes loans to state and local governments.

(6) Excludes Treasury securities owed to state and local governments.

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

 retirement and disability fund.

(8) Line 17 less line 23.

(9) Line 18 plus line 20 less sum of lines 19, 24, and 56.

(10) Line 57 plus line 58.
Z.1, December 8, 2005 111

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

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

2001 2002 2003 2004 2004 2005

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2032.1 2053.7 2184.9 2226.6 2204.9 2209.3 2220.6 2226.6 2248.0 2239.2 2274.0 1

 2 Gold, SDRs, and official foreign exchange 43.1 51.1 55.1 54.5 54.3 52.3 52.0 54.5 47.5 46.1 40.9 2

 3 Checkable deposits and currency 103.2 89.0 99.1 62.2 65.0 83.6 72.1 62.2 69.0 82.0 75.4 3

 4 Time and savings deposits 140.3 166.3 149.1 156.0 150.6 150.7 152.9 156.0 171.0 169.7 176.6 4

 5 Money market fund shares 57.4 59.0 62.6 65.8 63.6 63.7 64.5 65.8 66.6 66.4 67.4 5

 6 Security RPs 132.5 116.1 123.2 129.6 125.2 125.3 127.0 129.6 131.2 130.7 132.7 6

 7 Credit market instruments 925.3 994.6 1036.1 1079.0 1049.1 1046.9 1063.3 1079.0 1088.5 1081.9 1098.1 7

 8 Open market paper 137.6 152.0 161.4 169.7 163.9 164.1 166.2 169.7 171.7 171.1 173.7 8

 9 Agency- and GSE-backed securities (1) 288.3 330.2 350.6 368.7 356.1 356.5 361.3 368.7 373.1 371.8 377.4 9

10 Municipal securities 4.0 4.1 4.4 4.6 4.4 4.4 4.5 4.6 4.7 4.6 4.7 10

11 Corporate and foreign bonds 95.5 104.6 111.1 116.8 112.8 113.0 114.5 116.8 118.2 117.8 119.6 11

12 Mortgages 206.1 201.2 206.5 214.9 210.5 209.2 211.2 214.9 216.8 216.5 219.6 12

13 Consumer credit 80.1 92.8 94.1 98.4 93.9 92.6 99.2 98.4 100.6 98.6 103.9 13

14 Other loans and advances (2) 113.8 109.7 108.1 105.8 107.4 107.1 106.5 105.8 103.3 101.5 99.1 14

15 Corporate equities 88.4 79.6 84.5 88.9 85.9 85.9 87.1 88.9 90.0 89.6 91.0 15

16 Mutual fund shares 28.3 24.4 25.9 27.2 26.3 26.3 26.7 27.2 27.5 27.4 27.8 16

17 Trade receivables 151.9 151.2 177.6 194.7 185.9 189.4 190.0 194.7 196.9 199.3 198.6 17

18 Taxes receivable 125.9 115.1 171.1 171.9 196.7 182.6 184.1 171.9 193.0 190.6 214.9 18

19 Miscellaneous assets 235.9 207.4 200.6 196.8 202.3 202.6 201.0 196.8 166.7 155.5 150.6 19

20 Total liabilities 5909.3 6342.2 6985.2 7543.1 7155.8 7243.6 7374.5 7543.1 7742.1 7729.0 7844.0 20

21 SDR certificates 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 21

22 Treasury currency 24.5 25.5 26.0 26.7 26.2 26.5 26.7 26.7 26.9 27.2 27.4 22

23 Credit market instruments 4339.4 4714.0 5219.3 5676.7 5384.1 5447.0 5548.6 5676.7 5870.4 5843.7 5930.3 23

24 Savings bonds 190.3 194.9 203.8 204.4 204.4 204.6 204.1 204.4 204.2 204.2 203.6 24

25 Other Treasury securities (3) 2833.1 3059.3 3440.5 3779.9 3565.6 3601.1 3685.2 3779.9 3923.9 3854.6 3906.0 25

26 Budget agency securities 26.8 27.3 24.9 24.3 25.1 24.2 24.2 24.3 24.1 23.7 23.6 26

27 Municipal securities 1289.2 1432.6 1550.1 1668.1 1588.9 1617.2 1635.1 1668.1 1718.2 1761.2 1797.0 27

28 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Trade payables 733.5 762.9 866.0 915.6 883.0 897.1 909.6 915.6 929.4 944.0 955.5 29

30 Insurance reserves 37.8 39.4 40.5 41.6 40.5 40.9 41.0 41.6 41.6 42.0 42.1 30

31 Miscellaneous liabilities (4) 772.0 798.2 831.3 880.3 819.8 829.8 846.5 880.3 871.6 869.9 886.5 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 civil service retirement and disability fund, Railroad Retirement Board, judicial retirement fund, military retirement fund, and foreign service

 retirement and disability fund.
112 Z.1, December 8, 2005

F.118.b Private Pension Funds: Defined Benefit Plans

Billions of dollars; quarterly figures are seasonally adjusted annual rates

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Net acquisition of financial assets 11.8 47.8 45.2 -27.2 -40.6 -47.0 -49.3 -88.5 -103.6 -90.9 -55.5 -16.2 -22.7 1

 2 Checkable deposits and currency 0.0 -0.0 0.8 0.3 0.2 0.4 0.6 0.2 1.2 0.2 0.2 0.1 0.1 2

 3 Time and savings deposits -9.1 6.4 13.1 4.8 10.8 13.3 15.1 -9.3 17.4 6.2 4.1 1.7 1.7 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 0.0 0.0 0.0 4

 5 Security RPs -1.1 -0.0 -4.2 -0.2 3.2 0.3 0.6 2.0 -2.5 0.8 0.5 0.2 0.2 5

 6 Credit market instruments 17.1 22.9 35.6 24.1 -8.9 39.7 -20.1 84.6 -88.2 5.3 16.3 13.3 25.3 6

 7 Open market paper -1.1 -0.0 -4.2 -0.2 3.2 0.3 0.6 2.0 -2.5 0.8 0.5 0.2 0.2 7

 8 Treasury securities -11.0 -5.6 10.1 2.0 -4.6 3.7 -20.2 4.1 -8.4 0.6 1.9 1.6 2.8 8

 9 Agency- and GSE-backed securities 11.5 15.9 30.7 4.7 -10.8 8.6 -16.7 32.0 -26.6 1.8 6.1 5.1 10.0 9

10 Corporate and foreign bonds 20.8 14.0 2.7 17.4 3.1 26.5 16.4 46.5 -49.9 2.3 7.8 6.5 12.4 10

11 Mortgages -3.1 -1.4 -3.7 0.2 0.1 0.6 -0.3 0.1 -0.8 -0.0 0.0 -0.1 -0.1 11

12 Corporate equities 8.7 6.8 -3.8 -51.1 -55.3 -100.9 -54.6 -154.6 -65.7 -124.0 -90.0 -43.3 -36.3 12

13 Mutual fund shares 2.3 4.4 3.7 1.9 -2.2 1.3 3.3 -4.5 34.4 15.6 10.0 18.2 -6.2 13

14 Miscellaneous assets -6.1 7.3 0.1 -6.9 11.7 -1.2 5.9 -7.0 -0.2 4.9 3.5 -6.4 -7.6 14

15 Unallocated insurance contracts (1) -5.0 -0.6 -5.1 -6.0 2.3 -5.6 -3.8 -14.4 -4.6 5.1 3.2 -4.6 -5.3 15

16 Contributions receivable 5.6 7.4 6.2 -0.3 -0.3 3.5 8.0 2.7 11.8 -0.1 0.1 -1.1 -1.4 16

17 Other -6.7 0.6 -1.0 -0.6 9.7 0.9 1.8 4.8 -7.4 -0.1 0.1 -0.7 -0.9 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; quarterly figures are seasonally adjusted annual rates

 1 Net acquisition of financial assets 52.4 51.4 40.4 53.4 38.7 29.4 33.4 12.9 9.7 16.3 17.3 24.2 18.5 1

 2 Checkable deposits and currency -0.1 0.2 0.1 0.4 0.4 0.8 -1.5 1.0 1.3 0.2 0.2 0.1 0.1 2

 3 Time and savings deposits -8.0 -9.9 -6.3 -0.2 -5.5 -5.8 13.3 -19.6 0.2 0.9 0.5 0.7 0.3 3

 4 Money market fund shares 1.0 6.5 5.3 6.0 10.8 13.1 1.9 11.7 1.7 3.8 2.3 1.5 0.8 4

 5 Security RPs 1.3 0.9 -2.0 0.2 1.3 0.6 0.6 1.7 0.1 0.7 0.5 0.3 0.1 5

 6 Credit market instruments 8.8 13.3 4.1 -7.6 2.4 6.1 -5.9 14.7 -8.2 8.0 9.4 0.9 9.5 6

 7 Open market paper 0.9 0.7 -2.0 0.7 2.4 0.9 2.5 5.0 -2.6 0.2 2.1 -2.4 0.9 7

 8 Treasury securities 2.6 1.2 6.7 -2.5 -0.2 -1.2 -13.0 -1.8 1.2 -0.3 2.7 -0.2 2.1 8

 9 Agency- and GSE-backed securities -0.9 -1.8 10.2 -2.0 0.2 -0.9 0.1 6.3 0.9 5.7 -0.4 1.8 3.2 9

10 Corporate and foreign bonds 6.9 13.2 -9.3 -4.3 -0.5 7.2 4.5 3.6 -7.8 2.4 4.9 1.7 3.4 10

11 Mortgages -0.6 -0.2 -1.4 0.5 0.5 0.1 -0.0 1.6 0.0 0.1 -0.0 -0.0 -0.1 11

12 Corporate equities 27.6 13.4 4.1 -21.0 -20.4 -41.3 24.1 -105.7 -17.0 -5.8 -31.4 -1.5 -7.8 12

13 Mutual fund shares 13.0 22.4 20.1 43.1 25.3 41.4 -6.8 107.1 49.6 2.3 40.4 33.4 32.0 13

14 Miscellaneous assets 8.8 4.6 15.0 32.6 24.2 14.7 7.8 2.1 -17.9 6.3 -4.6 -11.2 -16.5 14

15 Unallocated insurance contracts (2) 10.6 12.9 8.9 23.7 12.2 4.6 -11.0 4.5 -19.6 5.1 -7.8 -12.5 -11.3 15

16 Contributions receivable 4.4 4.9 5.5 4.4 4.3 3.6 13.4 -10.3 2.2 0.7 -0.0 -0.3 -1.0 16

17 Other -6.2 -13.2 0.6 4.5 7.7 6.5 5.5 7.9 -0.5 0.5 3.2 1.5 -4.2 17

(1) Includes 401(k) type plans.

(2) Assets of private pension plans held at life insurance companies (e.g., GICs, variable annuities); series begins 1985:Q4.

F.225.i Individual Retirement Accounts (IRAs) (1)

Billions of dollars; quarterly figures are seasonally adjusted annual rates

 1 Total held at: 82.9 86.7 85.6 122.2 132.8 151.8 191.5 219.7 239.8 182.9 194.8 211.7 244.7 1

 2 Commercial banking -0.5 -2.9 -1.1 6.5 0.7 0.1 -0.5 -3.4 8.9 3.1 5.4 0.4 2.0 2

 3 Saving institutions -8.3 -9.1 -6.3 -1.9 -3.9 -6.0 -5.3 -3.1 -2.3 -1.8 -0.7 1.3 -1.5 3

 4 Credit unions 0.9 -0.3 -0.0 1.2 0.9 1.2 0.3 0.9 0.4 3.2 3.4 3.5 0.9 4

 5 Life insurance companies 4.9 12.6 13.2 11.2 10.3 47.5 24.6 40.8 19.5 26.6 82.2 5.2 29.7 5

 6 Money market mutual funds 3.0 5.0 13.7 12.9 13.8 2.0 25.0 20.0 4.0 18.0 11.0 -14.0 -11.0 6

 7 Mutual funds 39.0 58.7 11.6 64.0 48.8 93.4 88.7 93.8 48.4 31.1 20.4 107.0 73.5 7

 8 Other self-directed accounts 43.8 22.7 54.5 28.3 62.1 13.6 58.6 70.6 160.9 102.7 73.1 108.3 151.2 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).
Z.1, December 8, 2005 113

L.118.b Private Pension Funds: Defined Benefit Plans

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

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Total financial assets 1079.9 1195.1 1276.0 1460.5 1579.0 1746.8 1885.4 2071.7 1914.0 1685.5 1409.2 1680.0 1810.6 1

 2 Checkable deposits and currency 1.0 1.0 1.8 2.1 2.2 2.6 3.2 3.4 4.7 4.9 5.1 5.1 5.2 2

 3 Time and savings deposits 47.6 54.1 67.1 71.9 82.7 96.0 111.1 101.7 119.1 125.3 129.4 131.1 132.9 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 0.0 0.0 0.0 4

 5 Security RPs 15.8 15.8 11.6 11.4 14.6 14.9 15.5 17.5 15.0 15.8 16.3 16.5 16.7 5

 6 Credit market instruments 379.8 402.7 438.3 462.4 453.5 493.1 473.0 557.6 469.5 474.8 491.1 504.5 529.8 6

 7 Open market paper 15.8 15.8 11.6 11.4 14.6 14.9 15.5 17.5 15.0 15.8 16.3 16.5 16.7 7

 8 Treasury securities 73.7 68.1 78.2 80.2 75.6 79.3 59.1 63.2 54.8 55.4 57.3 58.9 61.7 8

 9 Agency- and GSE-backed securities 135.8 151.7 182.4 187.1 176.4 185.0 168.3 200.2 173.6 175.4 181.5 186.6 196.6 9

10 Corporate and foreign bonds 144.7 158.7 161.4 178.8 181.9 208.4 224.8 271.3 221.5 223.7 231.5 238.0 250.4 10

11 Mortgages 9.9 8.5 4.7 4.9 5.0 5.6 5.3 5.3 4.6 4.6 4.6 4.5 4.4 11

12 Corporate equities 484.5 555.6 559.9 699.6 785.8 876.0 986.6 1069.9 958.7 723.8 456.6 643.0 719.9 12

13 Mutual fund shares 15.6 22.3 39.0 54.8 63.8 81.4 101.0 122.8 150.3 148.5 130.8 185.0 206.0 13

14 Miscellaneous assets 135.5 143.5 158.2 158.3 176.4 182.6 194.9 198.7 196.9 192.3 179.9 194.8 200.1 14

15 Unallocated insurance contracts (1) 69.6 69.7 79.2 80.3 88.9 90.7 93.3 89.6 83.4 79.0 66.4 83.1 90.7 15

16 Contributions receivable 30.7 38.0 44.2 43.9 43.6 47.1 55.1 57.8 69.6 69.5 69.6 68.5 67.1 16

17 Other 35.2 35.8 34.8 34.2 43.9 44.8 46.6 51.4 43.9 43.9 43.9 43.2 42.3 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; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 956.1 1087.9 1157.9 1428.3 1627.7 1942.5 2219.4 2499.6 2441.0 2230.8 1900.1 2347.4 2662.3 1

 2 Checkable deposits and currency 2.0 2.2 2.3 2.7 3.1 4.0 2.5 3.5 4.8 5.0 5.2 5.2 5.3 2

 3 Time and savings deposits 51.1 41.3 35.0 34.7 29.3 23.4 36.7 17.0 17.3 18.2 18.6 19.3 19.6 3

 4 Money market fund shares 19.8 26.3 31.6 37.5 48.4 61.4 63.4 75.1 76.7 80.5 82.8 84.4 85.1 4

 5 Security RPs 11.6 12.6 10.6 10.7 12.1 12.7 13.2 14.9 15.0 15.8 16.2 16.5 16.7 5

 6 Credit market instruments 135.8 149.0 153.1 145.5 147.9 154.0 148.1 162.7 154.5 162.5 171.9 172.8 182.3 6

 7 Open market paper 13.6 14.3 12.3 13.0 15.4 16.3 18.8 23.8 21.2 21.4 23.6 21.2 22.1 7

 8 Treasury securities 35.0 36.3 43.0 40.5 40.2 39.0 26.0 24.2 25.4 25.1 27.8 27.6 29.7 8

 9 Agency- and GSE-backed securities 20.7 18.9 29.1 27.1 27.3 26.4 26.5 32.8 33.7 39.3 39.0 40.7 43.9 9

10 Corporate and foreign bonds 61.8 75.0 65.7 61.4 61.0 68.1 72.7 76.2 68.5 70.9 75.8 77.5 80.9 10

11 Mortgages 4.7 4.5 3.1 3.6 4.0 4.1 4.1 5.7 5.7 5.8 5.8 5.8 5.6 11

12 Corporate equities 389.2 458.7 453.8 578.3 659.4 790.6 961.2 1011.4 956.3 838.3 640.1 848.9 971.3 12

13 Mutual fund shares 80.6 119.9 166.9 272.0 348.5 488.2 567.1 774.8 796.0 713.5 621.3 808.7 967.7 13

14 Miscellaneous assets 266.1 278.0 304.7 346.8 379.1 408.3 427.2 440.2 420.4 397.1 344.0 391.5 414.3 14

15 Unallocated insurance contracts (2) 178.0 198.2 218.7 252.0 272.2 291.3 291.3 306.8 285.2 260.7 204.3 250.6 278.6 15

16 Contributions receivable 23.7 28.6 34.1 38.5 42.8 46.4 59.8 49.5 51.7 52.4 52.4 52.2 51.1 16

17 Other 64.4 51.3 51.9 56.4 64.1 70.6 76.1 83.9 83.4 84.0 87.2 88.7 84.5 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; amounts outstanding end of period, not seasonally adjusted

 1 Total held at: 873.0 993.0 1056.0 1288.0 1467.0 1728.0 2150.0 2651.0 2629.0 2619.0 2533.0 3080.0 3475.0 1

 2 Commercial banking 148.6 145.8 144.7 151.1 151.9 152.0 151.5 148.1 157.0 160.1 165.6 166.0 168.0 2

 3 Saving institutions 94.2 85.1 78.9 76.9 73.0 67.0 61.8 58.7 56.4 54.6 53.8 55.1 53.7 3

 4 Credit unions 32.1 31.8 31.8 33.0 33.8 35.0 35.3 36.2 36.7 39.9 43.3 46.8 47.7 4

 5 Life insurance companies 55.6 69.5 78.7 94.3 110.3 160.0 190.1 245.5 245.5 251.0 308.3 338.4 379.0 5

 6 Money market mutual funds 42.6 47.6 61.3 74.2 88.0 90.0 115.0 135.0 139.0 157.0 168.0 154.0 143.0 6

 7 Mutual funds 187.2 263.1 274.9 381.3 482.0 654.0 818.0 1078.0 1045.0 958.0 821.0 1092.0 1279.0 7

 8 Other self-directed accounts 312.6 350.2 385.8 477.2 527.9 570.0 778.3 949.5 949.4 998.4 973.0 1227.6 1404.7 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).
Z.1, December 8, 2005 Flow of Funds Matrix for 2004

(Billions of dollars; All Sectors -- Flows)

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of Financial 

Organizations Business Governments Government Sectors the World Sectors 

 U S U S U S U S U S U S U S 

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) 

 1 Gross saving and net cap. transfers -- 1289.5 -- 1139.3 -- 181.3 -- -350.7 -- 2259.5 -- 653.4 -- 229.0  2 Capital consumption -- 936.9 -- 887.4 -- 135.3 -- 93.8 -- 2053.5 -- -- -- 83.6  3 Net saving (1 less 2) -- 352.5 -- 251.9 -- 46.1 -- -444.5 -- 206.0 -- 653.4 -- 145.5  4 Gross investment (5 plus 11) 1267.8 -- 1185.6 -- 222.6 -- -358.1 -- 2317.9 -- 583.0 -- -72.3 --  5 Capital expenditures 1589.2 -- 1111.3 -- 282.3 -- 101.9 -- 3084.8 -- 0.0 -- 133.8 --  6 Consumer durables 918.1 -- -- -- -- -- -- -- 918.1 -- -- -- -- --  7 Residential 572.5 -- 93.6 -- -- -- -- -- 666.1 -- -- -- 7.7 --  8 Nonresidential 98.6 -- 974.1 -- 270.6 -- 101.9 -- 1445.2 -- -- -- 126.1 --  9 Inventory change -- -- 55.4 -- -- -- -- -- 55.4 -- -- -- -- -- 10 Nonproduced nonfinancial assets -- -- -11.8 -- 11.7 -- 0.0 -- -0.0 -- 0.0 -- -- -- 11 Net financial investment -321.4 -- 74.3 -- -59.8 -- -460.1 -- -766.9 -- 582.9 -- -206.2 -- 12 Financial uses 782.4 -- 649.8 -- 89.9 -- -27.9 -- 1494.1 -- 1307.1 -- 2541.7 -- 13 Financial sources -- 1103.7 -- 575.5 -- 149.6 -- 432.2 -- 2261.1 -- 724.1 -- 2747.8 14 Gold and off. fgn. exchange -- -- -- -- -- -- -3.1 -- -3.1 -- -0.4 -3.2 0.3 -- 15 SDR certificates -- -- -- -- -- -- -- 0.0 -- 0.0 -- -- 0.0 -- 16 Treasury currency -- -- -- -- -- -- -- 0.7 -- 0.7 -- -- 1.0 -- 17 Foreign deposits 36.3 -- 6.4 -- -- -- -- -- 42.6 -- -- 111.3 7.0 -- 

18 Interbank claims -- -- -- -- -- -- -- -- -- -- -15.8 -- -4.2 -5.0 19 Checkable dep. and currency -30.9 -- 114.3 -- -4.6 -- -31.0 -- 47.7 -- 41.7 -- 29.1 149.

20 Time and savings deposits 360.3 -- 16.6 -- 6.9 -- -0.0 -- 383.7 -- 74.4 -- 12.3 470.4 21 Money market fund shares -56.4 -- -15.2 -- 3.2 -- -- -- -68.3 -- -- -- -68.2 -136.5 22 Fed. funds and security RPs -- -- 0.5 -- 6.4 -- -- -- 6.8 -- 186.9 -- 9.7 83.2 23 Credit market instruments 115.1 1011.7 24.8 434.3 61.8 118.2 3.9 361.9 205.6 1926.1 754.4 82.2 1847.5 799.

24 Open market paper 30.2 -- 15.8 15.8 8.3 -- -- -- 54.4 15.8 30.6 63.7 28.7 34.2 25 Treasury securities 57.0 -- 0.7 -- 22.6 -- -- 362.5 80.2 362.5 358.5 -- -76.2 -- 26 Agency- and GSE-backed sec. 95.6 -- -0.5 -- 18.1 -- 0.0 -0.6 113.2 -0.6 104.8 -- -100.5 118.

27 Municipal securities 37.5 9.9 4.9 5.2 0.2 118.0 -- -- 42.6 133.1 -- -- 90.5 -- 28 Corporate and fgn. bonds -117.8 -- -- 77.7 5.7 -- -- -- -112.0 77.7 254.4 19.2 489.2 534.7 29 Bank loans n.e.c. -- 5.4 -- 28.2 -- -- -- -- -- 33.6 -- 2.5 48.5 12.4 30 Other loans and advances -- 0.5 -- 24.3 -- 0.2 -2.0 -- -2.0 25.0 6.3 -3.1 91.8 74.31 Mortgages 12.6 904.9 2.4 283.1 6.8 -- 1.6 0.0 23.5 1188.0 -- -- 1190.1 25.6 32 Consumer credit -- 91.0 1.5 -- -- -- 4.3 -- 5.7 91.0 -- -- 85.3 -- 

33 Corporate equities -258.2 -- -- -157.0 -5.0 -- -- -- -263.2 -157.0 61.9 83.2 235.8 108.3 

34 Mutual fund shares 257.3 -- 5.0 -- -1.5 -- -- -- 260.7 -- -- -- 38.3 299.0 35 Trade credit -- 9.0 192.7 165.5 6.5 31.4 10.6 18.2 209.8 224.1 -0.4 3.3 0.5 7.8 

36 Security credit 103.0 81.5 -- -- -- -- -- -- 103.0 81.5 0.0 0.0 63.6 85.37 Life insurance reserves 33.1 -- -- -- -- -- -- 1.1 33.1 1.1 -- -- -- 32.0 38 Pension fund reserves 230.8 -- -- -- -- -- -- -- 230.8 -- -- -- -- 230.8 39 Taxes payable -- -- -- 11.3 20.7 -- -8.8 -- 11.9 11.3 -- -- -- 13.4 

40 Equity in noncorp. business -48.8 -- -- -46.2 -- -- -- -- -48.8 -46.2 -- -- -- -2.5 41 Miscellaneous 40.9 1.6 304.7 167.6 -4.4 -- 0.6 50.3 341.8 219.5 204.4 447.4 369.2 613.7 42 Sector discrepancies (1 less 4) 21.6 -- -46.3 -- -41.2 -- 7.5 -- -58.4 -- 70.4 -- 301.4 -- 

General notes: U = use of funds; S = source of funds. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government.
Z.1, December 8, 2005 Flow of Funds Matrix for 2004

(Billions of dollars; All Sectors -- Assets and Liabilities)

Households State Domestic 

and Nonprofit Nonfinancial and Local Federal Nonfinancial Rest of Fi

Organizations Business Governments Government Sectors the World S

A L A L A L A L A L A L A 

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 

 1 Total financial assets 36248.5 -- 12673.9 -- 2007.4 -- 615.5 -- 51545.3 -- 9836.2 -- 46507.1 

 2 Total liabilities and equity -- 10612.6 -- 30708.6 -- 2429.6 -- 5509.8 -- 49260.5 -- 7853.6 -- 

 3 Total liabilities -- 10612.6 -- 13940.5 -- 2429.6 -- 5509.8 -- 32492.5 -- 5333.5 -- 

 4 Monetary gold and SDRs -- -- -- -- -- -- 13.6 -- 13.6 -- -- -- 11.0 

 5 IMF Position -- -- -- -- -- -- 19.6 -- 19.6 -- -- 19.5 -0.1 

 6 Official foreign exchange -- -- -- -- -- -- 21.4 -- 21.4 -- -- 42.7 21.4 

 7 SDR certificates -- -- -- -- -- -- -- 2.2 -- 2.2 -- -- 2.2 

 8 Treasury currency -- -- -- -- -- -- -- 26.7 -- 26.7 -- -- 36.4 

 9 Foreign deposits 101.4 -- 44.5 -- -- -- -- -- 146.0 -- -- 964.7 78.5 

10 Interbank claims -- -- -- -- -- -- -- -- -- -- 93.8 -- 66.5 

11 Checkable dep. and currency 251.3 -- 858.5 -- 40.3 -- 21.9 -- 1172.1 -- 397.2 -- 325.6 12 Time and savings deposits 4327.0 -- 308.0 -- 153.6 -- 2.4 -- 4790.9 -- 214.0 -- 376.7 

13 Money market fund shares 903.5 -- 327.9 -- 65.8 -- -- -- 1297.2 -- -- -- 582.6 14 Fed. funds and security RPs -- -- 6.5 -- 129.6 -- -- -- 136.1 -- 647.1 -- 597.1 15 Credit market instruments 2326.9 10169.4 369.8 7848.2 1185.8 1678.0 289.5 4395.0 4171.9 24090.5 4679.7 891.1 27744.7 16 Open market paper 136.1 -- 91.5 101.7 169.7 -- -- -- 397.3 101.7 135.3 228.7 874.2 17 Treasury securities 501.3 -- 77.8 -- 386.4 -- -- 4370.7 965.5 4370.7 1900.2 -- 1505.0 18 Agency- and GSE-backed sec. 454.7 -- 11.6 -- 368.7 -- 0.0 24.3 835.1 24.3 761.6 -- 4628.9 19 Municipal securities 761.8 193.8 43.7 169.3 4.6 1668.1 -- -- 810.0 2031.3 -- -- 1221.2 20 Corporate and fgn. bonds 312.5 -- -- 2946.3 116.8 -- -- -- 429.3 2946.3 1751.3 560.2 4846.1 21 Bank loans n.e.c. -- 79.0 -- 1076.9 -- -- -- -- -- 1155.9 -- 63.3 1332.4 

22 Other loans and advances -- 119.7 -- 866.7 -- 9.9 115.7 -- 115.7 996.3 131.2 38.9 1364.1 23 Mortgages 160.4 7648.4 80.5 2687.1 139.5 -- 75.4 0.0 455.8 10335.5 -- -- 10007.4 24 Consumer credit -- 2128.6 64.8 -- -- -- 98.4 -- 163.2 2128.6 -- -- 1965.4 25 Corporate equities 6393.7 -- -- 10846.9 88.9 -- -- -- 6482.6 10846.9 2070.7 2520.1 8823.5 26 Mutual fund shares 3725.9 -- 143.0 -- 27.2 -- -- -- 3896.1 -- -- -- 1539.9 

27 Trade credit -- 156.7 2309.8 1916.6 132.8 751.6 61.8 164.1 2504.5 2988.9 48.3 50.8 163.0 28 Security credit 578.3 264.0 -- -- -- -- -- -- 578.3 264.0 0.0 0.0 459.6 29 Life insurance reserves 1060.4 -- -- -- -- -- -- 41.6 1060.4 41.6 -- -- -- 30 Pension fund reserves 10150.0 -- -- -- -- -- -- -- 10150.0 -- -- -- -- 

31 Taxes payable -- -- -- 172.0 89.0 -- 82.9 -- 171.9 172.0 -- -- -- 32 Equity in noncorp. business 5927.4 -- -- 5921.1 -- -- -- -- 5927.4 5921.1 -- -- -- 33 Miscellaneous 502.8 22.5 8305.8 4003.7 94.3 -- 102.5 880.3 9005.5 4906.6 1685.3 3364.7 5678.3 

General notes: A = assets; L = liabilities. Domestic nonfinancial sectors (columns 9 and 10) are households and nonprofit organizations, nonfinancial business, state and local governments, and federal government. Equity included in line 2  the sum of corporate equities (line 25) and equity in noncorporate business (line 32). The matrix shows a discrepancy in column 17 for monetary gold and SDRs (line 4) because by international accounting convention, such instruments are financial assets without corresponding liabilities.
116 Z.1, December 8, 2005

B.100.e Balance Sheet of Households and Nonprofit Organizations with Equity Detail (1)

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

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

 

 1 Assets 28465.1 29428.3 32646.2 35550.6 39633.1 43426.5 48865.0 48925.9 48589.8 47566.3 53436.3 58774.5 1

 2 Tangible assets 10306.2 10639.3 11244.1 11725.3 12388.2 13400.9 14478.7 15777.8 17008.5 18398.5 20009.1 22526.0 2

 3 Financial assets 18159.0 18789.0 21402.1 23825.3 27245.0 30025.6 34386.3 33148.1 31581.3 29167.8 33427.2 36248.5 3

 4 Deposits 3191.2 3145.7 3336.5 3484.0 3653.9 3857.9 4033.4 4327.5 4770.0 5050.2 5248.5 5583.2 4

 5 Credit market instruments 1876.7 2164.6 2186.0 2358.7 2307.1 2339.4 2463.3 2312.4 2084.6 2014.4 2223.8 2326.9 5

 6 Equity shares at market value 5683.8 5680.2 7605.7 9194.4 11829.0 13725.1 17266.3 15329.1 13085.3 9981.8 12998.6 14333.3 6

 7 Directly held 3404.5 3249.0 4347.5 5112.5 6635.0 7481.1 9596.0 8090.7 6720.9 4997.2 6215.5 6393.7 7

 8 Indirectly held 2279.4 2431.2 3258.2 4081.9 5194.0 6244.0 7670.3 7238.4 6364.5 4984.6 6783.1 7939.5 8

 9 Life insurance companies 163.5 199.6 274.7 373.3 510.5 665.4 904.4 882.8 806.5 692.5 887.3 1028.9 9

10 Private pension funds 1096.1 1135.9 1490.4 1727.2 2087.3 2456.1 2796.3 2657.4 2178.3 1585.5 2167.4 2516.1 10

11 Defined benefit plans 565.5 578.6 729.9 825.9 931.0 1056.7 1161.2 1068.0 825.7 535.3 764.3 859.9 11

12 Defined contribution plans 530.6 557.3 760.5 901.4 1156.4 1399.5 1635.1 1589.4 1352.5 1050.2 1403.0 1656.3 12

13 State and local govt. retirement funds 506.2 521.7 703.5 846.6 1051.3 1188.1 1407.7 1298.7 1260.4 1056.8 1421.5 1607.0 13

14 Federal government retirement funds 4.4 6.2 11.5 18.8 29.9 43.0 56.9 56.6 49.1 45.9 79.9 99.3 14

15 Mutual funds 497.7 546.3 743.3 1070.1 1451.9 1811.0 2400.1 2213.1 1943.9 1503.3 2090.5 2531.6 15

16 Other 7407.2 7798.6 8273.9 8788.2 9454.9 10103.1 10623.3 11179.0 11641.4 12121.5 12956.4 14005.2 16

17 Liabilities 4396.8 4721.0 5055.3 5407.6 5758.7 6206.8 6776.6 7350.0 7909.5 8605.3 9494.0 10612.6 17

18 Net worth 24068.4 24707.4 27590.9 30143.0 33874.4 37219.7 42088.4 41575.9 40680.3 38961.1 43942.3 48161.9 18

 Memo:

19 Equity shares excluding defined benefit plans 4600.8 4558.3 6137.5 7476.0 9783.7 11400.0 14592.5 12832.6 10872.9 8282.2 10658.6 11690.5 19

 (line 6 minus lines 12, 14 and part of line 15)

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 20.0 19.3 23.3 25.9 29.8 31.6 35.3 31.3 26.9 21.0 24.3 24.4 20

21 Financial assets (line 3) 31.3 30.2 35.5 38.6 43.4 45.7 50.2 46.2 41.4 34.2 38.9 39.5 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.