Z.1, December 8, 2011 61

L.1 Credit Market Debt Outstanding (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total credit market debt owed by: 46158.4 50869.5 53291.6 53059.8 52677.7 52661.2 52935.4 53357.9 53557.7 53504.1 53824.8 1

 2 Domestic nonfinancial sectors 29979.4 32525.7 34463.7 35430.4 35800.5 36040.1 36455.0 36931.6 37165.9 37341.1 37829.0 2

 3 Household sector 12909.8 13777.1 13796.8 13564.7 13446.3 13381.2 13345.0 13324.1 13214.0 13206.6 13204.3 3

 4 Nonfinancial corporate business 6063.5 6889.2 7221.5 7004.0 7087.2 7121.3 7217.2 7300.4 7409.0 7532.5 7630.9 4

 5 Nonfarm noncorporate business 3195.6 3650.3 3972.1 3839.4 3746.7 3679.1 3634.9 3627.3 3623.2 3626.1 3644.0 5

 6 Farm business 204.3 218.9 224.0 217.7 214.9 216.8 222.7 228.7 228.1 224.3 220.1 6

 7 State and local governments 2720.9 2867.8 2887.8 2999.3 3022.3 3014.0 3017.4 3065.5 3045.7 3013.0 3002.2 7

 8 Federal government 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 8

 9 Rest of the world 1882.6 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.3 2270.6 9

10 Financial sectors 14296.3 16217.5 17119.1 15539.1 14764.2 14514.3 14344.4 14153.1 14066.0 13841.8 13725.2 10

11 U.S.-chartered commercial banks 497.8 629.6 708.6 576.1 906.8 878.5 839.9 824.9 796.9 783.2 765.8 11

12 Foreign banking offices in U.S. 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Bank holding companies 503.3 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.3 984.4 13

14 Savings institutions 319.1 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 113.3 14

15 Credit unions 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 15

16 Life insurance companies 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 16

17 Government-sponsored enterprises 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 17

18 Agency- and GSE-backed mortgage pools 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 18

19 ABS issuers 4204.4 4543.8 4135.9 3292.0 2695.5 2563.1 2448.5 2343.5 2245.9 2191.6 2131.0 19

20 Finance companies 1144.2 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.4 916.9 20

21 REITs 411.0 421.2 367.4 317.4 318.5 316.4 325.3 321.9 333.1 352.0 358.5 21

22 Brokers and dealers 68.8 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 22

23 Funding corporations 645.3 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 726.1 23

24 Total credit market assets held by: 46158.4 50869.5 53291.6 53059.8 52677.7 52661.2 52935.4 53357.9 53557.7 53504.1 53824.8 24

25 Domestic nonfinancial sectors 6432.3 7041.2 6882.5 7375.4 7519.7 7623.9 7612.1 7694.2 7669.3 7385.3 7298.8 25

26 Household sector 4337.8 4931.3 4860.9 5091.4 5187.6 5306.0 5249.0 5316.4 5266.7 5035.1 4994.4 26

27 Nonfinancial corporate business 328.8 249.7 217.5 227.1 228.7 233.8 243.9 231.6 230.5 239.1 235.7 27

28 Nonfarm noncorporate business 96.7 106.7 95.8 89.1 87.6 86.4 85.6 85.4 85.4 85.5 85.7 28

29 State and local governments 1389.0 1466.9 1335.2 1298.5 1330.5 1309.6 1299.7 1306.2 1300.8 1261.0 1213.8 29

30 Federal government 279.9 286.5 373.1 669.2 685.4 688.0 734.0 754.5 785.9 764.7 769.2 30

31 Rest of the world 6199.7 7272.6 7504.6 7724.2 7852.0 7960.2 8160.4 8375.8 8394.7 8384.7 8537.8 31

32 Financial sectors 33526.3 36555.8 38904.4 37960.2 37306.0 37077.1 37162.9 37287.9 37493.7 37734.1 37988.2 32

33 Monetary authority 778.9 740.6 986.0 1987.7 2151.8 2187.3 2150.3 2259.2 2479.2 2700.4 2686.1 33

34 U.S.-chartered commercial banks 7144.1 7666.8 8197.9 8071.7 8311.6 8212.3 8252.6 8270.4 8157.7 8148.1 8261.4 34

35 Foreign banking offices in U.S. 761.6 963.3 1063.8 778.0 767.2 760.5 881.5 747.1 757.6 773.4 804.4 35

36 Bank holding companies 36.0 59.1 73.0 75.8 79.1 63.0 108.1 97.9 105.7 105.3 110.5 36

37 Banks in U.S.-affiliated areas 99.3 92.8 90.9 88.1 83.8 72.2 69.3 68.9 67.6 65.2 63.7 37

38 Savings institutions 1533.2 1596.1 1320.0 1070.4 1073.0 1061.7 1067.2 1081.0 1064.8 1049.3 1048.4 38

39 Credit unions 622.7 657.9 697.9 731.0 737.3 750.2 741.1 755.5 765.4 774.3 779.7 39

40 Property-casualty insurance companies 864.1 869.3 853.4 886.7 886.8 887.2 892.2 890.6 895.7 890.8 891.0 40

41 Life insurance companies 2786.4 2871.2 2882.8 3022.6 3042.6 3083.7 3134.3 3174.2 3215.3 3243.5 3298.8 41

42 Private pension funds 758.3 860.8 951.4 1063.0 1090.0 1114.3 1138.7 1171.0 1191.1 1217.8 1246.2 42

43 State and local govt. retirement funds 808.0 820.3 833.5 824.7 823.7 819.3 815.8 816.5 825.0 820.5 834.9 43

44 Federal government retirement funds 84.3 96.1 120.3 127.7 129.4 133.6 138.3 138.7 142.2 146.1 154.2 44

45 Money market mutual funds 1560.8 1936.4 2675.0 2031.0 1828.5 1703.3 1599.5 1621.0 1583.7 1521.0 1527.2 45

46 Mutual funds 1932.0 2203.1 2276.4 2657.2 2784.9 2834.3 2971.1 3031.4 3160.9 3267.8 3299.3 46

47 Closed-end funds 171.8 170.9 129.9 139.2 141.7 139.7 142.0 143.5 145.5 144.9 140.9 47

48 Exchange-traded funds 20.7 34.0 57.0 102.9 113.2 124.6 133.4 132.6 140.0 150.9 164.0 48

49 Government-sponsored enterprises 2590.5 2829.5 3037.5 2699.7 6577.4 6494.1 6385.1 6333.1 6327.9 6252.4 6176.5 49

50 Agency- and GSE-backed mortgage pools 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 50

51 ABS issuers 4092.6 4429.0 4037.6 3228.4 2638.2 2506.9 2392.2 2289.7 2190.4 2138.6 2081.7 51

52 Finance companies 1811.6 1828.2 1755.9 1532.6 1556.9 1526.1 1504.8 1482.8 1464.6 1435.3 1434.1 52

53 REITs 266.4 246.5 177.6 168.9 173.1 177.8 192.7 206.0 258.0 301.9 324.2 53

54 Brokers and dealers 583.4 803.1 717.4 525.3 544.9 529.1 539.7 557.5 556.8 549.6 516.5 54

55 Funding corporations 378.7 316.0 1007.7 770.9 790.8 849.3 817.2 879.9 811.8 800.8 867.1 55

(1) Excludes corporate equities and mutual fund shares.
62 Z.1, December 8, 2011

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Domestic 29979.4 32525.7 34463.7 35430.4 35800.5 36040.1 36455.0 36931.6 37165.9 37341.1 37829.0 1

 2 By instrument 29979.4 32525.7 34463.7 35430.4 35800.5 36040.1 36455.0 36931.6 37165.9 37341.1 37829.0 2

 3 Commercial paper 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 3

 4 Treasury securities 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 4

 5 Agency- and GSE-backed securities 23.5 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 25.0 5

 6 Municipal securities 3212.2 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 6

 7 Corporate bonds 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 4843.5 7

 8 Bank loans n.e.c. 1400.7 1647.4 1839.9 1553.5 1573.9 1550.0 1548.0 1577.7 1579.6 1627.5 1683.0 8

 9 Other loans and advances 1403.7 1714.7 1789.6 1541.7 1504.1 1491.5 1473.5 1455.3 1448.0 1463.0 1473.8 9

10 Mortgages 13302.4 14356.2 14441.1 14155.0 13981.0 13865.1 13742.0 13639.4 13543.2 13461.2 13378.2 10

11 Home 10453.4 11167.8 11065.8 10865.5 10727.3 10660.3 10581.4 10522.0 10450.4 10395.5 10336.3 11

12 Multifamily residential 677.4 761.9 812.6 820.1 815.3 811.7 811.9 810.0 811.8 812.6 813.5 12

13 Commercial 2063.4 2313.9 2428.0 2338.0 2305.9 2259.3 2213.7 2171.1 2145.7 2118.9 2095.2 13

14 Farm 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.2 134.2 133.2 14

15 Consumer credit 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2464.6 15

16 By sector 29979.4 32525.7 34463.7 35430.4 35800.5 36040.1 36455.0 36931.6 37165.9 37341.1 37829.0 16

17 Household sector 12909.8 13777.1 13796.8 13564.7 13446.3 13381.2 13345.0 13324.1 13214.0 13206.6 13204.3 17

18 Nonfinancial business 9463.4 10758.4 11417.6 11061.0 11048.8 11017.2 11074.8 11156.4 11260.3 11383.0 11495.0 18

19 Corporate 6063.5 6889.2 7221.5 7004.0 7087.2 7121.3 7217.2 7300.4 7409.0 7532.5 7630.9 19

20 Nonfarm noncorporate 3195.6 3650.3 3972.1 3839.4 3746.7 3679.1 3634.9 3627.3 3623.2 3626.1 3644.0 20

21 Farm 204.3 218.9 224.0 217.7 214.9 216.8 222.7 228.7 228.1 224.3 220.1 21

22 State and local governments 2720.9 2867.8 2887.8 2999.3 3022.3 3014.0 3017.4 3065.5 3045.7 3013.0 3002.2 22

23 Federal government 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 23

 Foreign credit market debt

24 held in U.S. 1882.6 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.3 2270.6 24

25 Commercial paper 482.3 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 352.4 25

26 Bonds 1275.5 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.7 1755.4 26

27 Bank loans n.e.c. 98.3 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 140.8 27

28 Other loans and advances 26.6 23.4 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 21.9 28

29 Domestic and foreign 31862.0 34652.0 36172.4 37520.7 37913.5 38146.9 38591.0 39204.8 39491.7 39662.4 40099.6 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 14296.3 16217.5 17119.1 15539.1 14764.2 14514.3 14344.4 14153.1 14066.0 13841.8 13725.2 1

 2 Open market paper 1363.2 1251.8 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 527.3 2

 3 GSE issues 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 3

 4 Agency- and GSE-backed mortgage pool sec. 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 4

 5 Corporate bonds 5464.6 6290.1 6012.8 5721.9 5536.4 5380.2 5319.3 5175.0 5065.5 4981.2 4919.4 5

 6 Bank loans n.e.c. 206.2 277.1 773.2 271.5 246.0 230.7 200.1 181.3 165.6 144.8 128.6 6

 7 Other loans and advances 641.4 867.1 900.5 617.9 561.4 530.5 488.0 473.2 442.5 424.8 408.7 7

 8 Mortgages 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 175.6 180.2 181.2 8

 9 By sector 14296.3 16217.5 17119.1 15539.1 14764.2 14514.3 14344.4 14153.1 14066.0 13841.8 13725.2 9

10 U.S.-chartered commercial banks 497.8 629.6 708.6 576.1 906.8 878.5 839.9 824.9 796.9 783.2 765.8 10

11 Foreign banking offices in U.S. 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Bank holding companies 503.3 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.3 984.4 12

13 Savings institutions 319.1 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 113.3 13

14 Credit unions 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 14

15 Life insurance companies 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 15

16 Government-sponsored enterprises 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 16

17 Agency- and GSE-backed mortgage pools 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 17

18 ABS issuers 4204.4 4543.8 4135.9 3292.0 2695.5 2563.1 2448.5 2343.5 2245.9 2191.6 2131.0 18

19 Finance companies 1144.2 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.4 916.9 19

20 REITs 411.0 421.2 367.4 317.4 318.5 316.4 325.3 321.9 333.1 352.0 358.5 20

21 Brokers and dealers 68.8 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 21

22 Funding corporations 645.3 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 726.1 22
Z.1, December 8, 2011 63

L.4 Credit Market Debt, All Sectors, by Instrument

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total 46158.4 50869.5 53291.6 53059.8 52677.7 52661.2 52935.4 53357.9 53557.7 53504.1 53824.8 1

 2 Open market paper 1958.0 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 2

 3 Treasury securities 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 3

 4 Agency- and GSE-backed securities 6492.4 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 7585.0 4

 5 Municipal securities 3212.2 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 5

 6 Corporate and foreign bonds 9986.8 11435.1 11012.5 11431.9 11390.3 11291.9 11381.0 11472.5 11472.1 11502.9 11518.3 6

 7 Bank loans n.e.c. 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1952.5 7

 8 Other loans and advances 2071.6 2605.3 2711.7 2181.4 2087.8 2043.9 1983.5 1950.6 1912.8 1909.7 1904.4 8

 9 Mortgages 13454.4 14512.9 14604.6 14321.8 14148.1 14032.7 13910.3 13813.2 13718.8 13641.3 13559.4 9

10 Consumer credit 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2464.6 10

 Memo:

 Selected claims not included above:

11 Corporate equities 24339.3 25580.9 15640.5 20123.2 21006.8 18729.1 21063.8 23240.1 24587.8 24450.6 20337.9 11

12 Mutual fund shares 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 12

L.5 Total Liabilities and Its Relation to Total Financial Assets

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

 Total credit market debt

 1 (from table L.4) 46158.4 50869.5 53291.6 53059.8 52677.7 52661.2 52935.4 53357.9 53557.7 53504.1 53824.8 1

 2 U.S. official reserve assets 62.2 67.3 74.2 175.1 170.1 165.7 177.0 175.8 184.3 189.3 186.4 2

 3 SDR certificates 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 28.1 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 25.9 4

 5 Foreign deposits 1085.0 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 949.7 945.1 5

 6 Net interbank liabilities 186.1 88.6 1890.5 1281.5 1194.1 1139.4 1029.3 1091.6 1755.4 1871.9 1929.6 6

 7 Checkable deposits and currency 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2404.2 7

 8 Small time and savings deposits 4945.1 5224.5 5749.3 6326.5 6459.4 6443.4 6539.7 6624.9 6741.5 6898.8 7067.0 8

 9 Large time deposits 2050.8 2382.2 2191.6 1989.8 1887.8 1799.3 1836.9 1807.5 1811.8 1815.3 1658.3 9

10 Money market fund shares 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 10

11 Security RPs 2151.7 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1220.8 1062.0 11

12 Mutual fund shares 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 12

13 Security credit 1249.9 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1323.8 1385.5 13

14 Life insurance reserves 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 14

15 Pension fund reserves 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13102.3 13497.9 13427.5 12496.6 15

16 Trade payables 3195.9 3398.0 3228.0 3204.2 3277.2 3313.5 3387.5 3403.2 3478.5 3553.5 3627.0 16

17 Taxes payable 237.0 167.7 44.0 40.6 49.5 43.7 54.2 52.0 78.4 66.6 69.3 17

18 Miscellaneous 15661.7 17439.2 19843.9 19676.3 19613.8 20414.4 20156.6 20447.5 20399.4 20504.1 21576.9 18

19 Total liabilities 101816.1 111681.0 112569.3 114639.2 114606.2 113905.1 115422.9 117776.2 119652.7 120190.6 119674.2 19

 + Financial assets not included in

 liabilities:

20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 20

21 Corporate equities 24339.3 25580.9 15640.5 20123.2 21006.8 18729.1 21063.8 23240.1 24587.8 24450.6 20337.9 21

22 Household equity in noncorp. bus. 8887.8 8751.6 7146.8 6297.2 6499.1 6847.1 6581.1 7001.9 7016.1 6999.5 7363.6 22

 - Liabilities not identified as assets:

23 Treasury currency -10.1 -11.3 -12.1 -16.5 -16.5 -17.0 -17.5 -17.6 -17.9 -18.0 -18.2 23

24 Foreign deposits 886.3 1082.9 735.8 661.4 660.1 684.8 670.6 679.6 713.7 696.2 712.2 24

25 Net interbank transactions 19.3 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 83.3 104.6 25

26 Security RPs 868.5 628.0 32.6 410.9 462.0 438.8 359.3 295.6 218.0 206.7 162.6 26

27 Taxes payable -48.1 -174.8 -345.3 -375.5 -371.4 -386.2 -388.3 -396.8 -379.8 -400.3 -393.8 27

28 Miscellaneous -6591.3 -7275.2 -4940.2 -5433.0 -5557.8 -5322.0 -5686.0 -5525.3 -5610.3 -5801.6 -5771.3 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Federal govt. 0.1 2.8 1.2 2.0 1.4 -0.6 1.6 2.5 2.6 3.5 1.7 30

31 Private domestic 7.4 7.3 5.3 4.2 3.3 3.4 3.5 3.2 3.3 3.4 3.9 31

32 Trade credit 171.1 118.1 130.9 208.3 221.7 162.0 201.7 267.6 250.2 224.0 258.2 32

33 Totals identified to sectors as assets 139751.2 151625.6 139707.8 145522.7 146661.5 143855.2 147864.5 152658.7 156012.7 156654.5 152326.7 33
64 Z.1, December 8, 2011

L.10 Assets and Liabilities of the Personal Sector (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 43282.3 46353.0 38751.4 42739.4 43498.8 41747.9 43708.7 45702.4 46963.8 46858.7 43846.8 1

 2 Foreign deposits 65.2 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 57.0 56.8 2

 3 Checkable deposits and currency 621.9 605.9 811.4 870.1 768.4 722.5 675.6 703.9 680.4 683.3 751.2 3

 4 Time and savings deposits 5744.8 6247.9 6440.9 6543.3 6669.3 6667.4 6724.0 6759.2 6804.0 6954.2 6988.9 4

 5 Money market fund shares 1192.5 1423.6 1660.2 1385.8 1268.6 1209.1 1194.3 1198.0 1167.8 1165.4 1163.7 5

 6 Securities 18111.7 19103.2 13850.8 16562.7 17063.0 16132.1 17353.0 18481.6 19326.8 19073.8 16814.6 6

 7 Open market paper 117.5 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 62.7 7

 8 U.S. savings bonds 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 8

 9 Treasury bills and other Treasury securities 253.6 127.6 114.4 670.5 827.7 1012.4 1036.5 972.2 876.5 708.0 797.6 9

10 Agency- and GSE-backed securities 439.9 684.7 729.9 134.1 103.2 144.4 177.8 215.4 301.4 271.8 230.9 10

11 Municipal securities 1687.1 1730.7 1772.1 1903.5 1937.5 1941.6 1922.5 1962.5 1964.1 1934.7 1909.0 11

12 Corporate and foreign bonds 1568.2 2021.9 1960.4 2080.4 2009.3 1891.2 1789.9 1847.7 1805.7 1809.6 1751.5 12

13 Corporate equities (2) 9652.6 9636.8 5746.9 7369.7 7590.9 6840.7 7758.8 8527.6 9044.2 8942.3 7400.2 13

14 Mutual fund shares 4190.5 4597.9 3327.2 4178.6 4359.8 4058.1 4415.8 4704.8 5080.1 5156.5 4477.7 14

15 Private life insurance reserves 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 15

16 Private insured pension reserves 2332.4 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2566.0 2587.2 2514.0 16

17 Private noninsured pension reserves 6120.5 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6148.3 6377.6 6382.8 5780.5 17

18 Govt. insurance and pension reserves 4341.8 4540.5 3682.2 4131.7 4221.9 4000.1 4208.6 4497.8 4602.8 4506.4 4251.3 18

19 Miscellaneous and other assets 3631.9 4299.6 4342.9 4170.4 4138.3 4118.0 4114.8 4124.2 4131.6 4186.2 4256.6 19

20 Total liabilities 18235.5 19740.3 20074.8 19786.2 19576.1 19471.8 19413.8 19445.1 19380.9 19386.4 19354.2 20

21 Mortgage debt on nonfarm homes 10414.1 11125.5 11033.1 10845.2 10708.9 10644.4 10566.6 10508.5 10438.1 10384.1 10325.6 21

22 Other mortgage debt 2015.4 2301.9 2529.9 2551.9 2526.4 2493.9 2466.1 2445.9 2438.8 2431.6 2424.6 22

23 Consumer credit 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2464.6 23

24 Policy loans 110.9 114.5 120.4 121.1 121.7 122.4 123.5 124.5 124.8 125.5 126.4 24

25 Security credit 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 25

26 Other liabilities 2987.0 3317.6 3632.4 3586.2 3616.6 3606.6 3616.1 3653.4 3661.6 3708.8 3761.1 26

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
Z.1, December 8, 2011 65

L.100 Households and Nonprofit Organizations (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 49043.8 51497.0 42195.6 45432.1 46452.4 45095.9 46825.2 49244.5 50520.4 50395.0 47736.8 1

 2 Deposits 6759.0 7408.6 8016.6 7882.9 7806.4 7713.7 7718.1 7788.3 7781.9 7931.1 8028.7 2

 3 Foreign deposits 65.2 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 57.0 56.8 3

 4 Checkable deposits and currency 173.1 90.3 292.0 330.3 237.6 198.4 156.4 185.6 161.8 164.0 230.1 4

 5 Time and savings deposits 5400.4 5888.5 6082.8 6190.0 6322.1 6324.8 6384.7 6420.6 6465.4 6615.3 6649.0 5

 6 Money market fund shares 1120.3 1349.3 1584.8 1312.1 1196.2 1137.6 1123.6 1127.3 1097.2 1094.7 1092.8 6

 7 Credit market instruments 4337.8 4931.3 4860.9 5091.4 5187.6 5306.0 5249.0 5316.4 5266.7 5035.1 4994.4 7

 8 Open market paper 117.5 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 62.7 8

 9 Treasury securities 399.6 264.6 256.5 815.5 972.5 1157.2 1180.8 1115.9 1019.1 849.7 938.3 9

10 Savings bonds 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 10

11 Bills and other Treasury securities 197.2 68.3 62.6 624.3 782.3 967.6 992.1 928.0 832.3 663.7 753.2 11

12 Agency- and GSE-backed securities 439.9 684.7 729.9 134.1 103.2 144.4 177.8 215.4 301.4 271.8 230.9 12

13 Municipal securities 1681.4 1725.4 1767.2 1898.5 1932.5 1936.7 1917.6 1957.6 1959.2 1929.8 1904.1 13

14 Corporate and foreign bonds 1568.2 2021.9 1960.4 2080.4 2009.3 1891.2 1789.9 1847.7 1805.7 1809.6 1751.5 14

15 Other loans and advances (2) 9.1 17.6 29.7 26.8 25.7 25.9 26.4 26.2 25.8 24.9 24.7 15

16 Mortgages 122.2 109.8 111.2 101.5 99.9 96.5 93.4 90.2 87.6 84.3 82.4 16

17 Corporate equities (3) 9652.6 9636.8 5746.9 7369.7 7590.9 6840.7 7758.8 8527.6 9044.2 8942.3 7400.2 17

18 Mutual fund shares 4190.5 4597.9 3327.2 4178.6 4359.8 4058.1 4415.8 4704.8 5080.1 5156.5 4477.7 18

19 Security credit 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 19

20 Life insurance reserves 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 20

21 Pension fund reserves 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13102.3 13497.9 13427.5 12496.6 21

22 Equity in noncorporate business 8887.8 8751.6 7146.8 6297.2 6499.1 6847.1 6581.1 7001.9 7016.1 6999.5 7363.6 22

23 Miscellaneous assets 646.1 712.2 766.3 787.1 788.1 798.4 811.9 830.6 832.3 834.1 852.3 23

24 Total liabilities 13424.7 14341.1 14225.4 14042.6 13925.3 13887.1 13870.0 13901.1 13834.1 13827.7 13766.6 24

25 Credit market instruments 12909.8 13777.1 13796.8 13564.7 13446.3 13381.2 13345.0 13324.1 13214.0 13206.6 13204.3 25

26 Home mortgages (4) 9862.9 10540.4 10492.2 10345.7 10222.3 10170.2 10099.9 10046.4 9983.2 9935.9 9882.2 26

27 Consumer credit 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2464.6 27

28 Municipal securities 230.1 250.7 258.7 264.6 265.7 263.5 260.8 262.3 261.9 260.7 256.1 28

29 Bank loans n.e.c. (5) 86.4 99.7 117.7 147.8 226.4 237.5 256.3 263.2 251.0 271.7 287.4 29

30 Other loans and advances 123.8 127.0 133.2 133.7 134.3 134.7 135.8 136.1 136.4 136.9 137.8 30

31 Commercial mortgages 190.7 204.0 200.9 194.0 191.5 187.9 184.3 181.4 179.6 177.9 176.1 31

32 Security credit 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 32

33 Trade payables 199.9 214.5 236.7 252.7 258.0 263.3 268.7 274.1 279.1 282.6 286.0 33

 Deferred and unpaid

34 life insurance premiums 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 34

(1) Sector includes farm households, domestic hedge funds, private equity funds, and personal trusts. 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 24.

(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.109, line 15.
66 Z.1, December 8, 2011

L.101 Nonfinancial Business (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 15784.0 17358.0 16630.8 16933.5 17075.3 17156.0 17413.9 17689.0 17956.6 18191.0 18339.0 1

 2 Foreign deposits 49.3 50.3 24.7 31.5 38.6 49.4 59.8 72.0 79.0 84.2 89.4 2

 3 Checkable deposits and currency 604.5 662.9 558.0 705.8 770.4 811.6 870.1 963.3 1020.6 1078.1 1136.5 3

 4 Time and savings deposits 841.4 800.7 740.0 842.1 805.2 780.9 810.5 810.3 860.6 884.9 912.3 4

 5 Money market fund shares 488.5 618.7 777.9 719.8 640.7 595.8 592.5 588.2 568.0 551.7 529.6 5

 6 Security RPs 15.5 8.1 7.2 7.9 9.0 9.2 6.5 12.2 12.8 12.1 11.5 6

 7 Credit market instruments 425.6 356.4 313.4 316.3 316.3 320.3 329.5 317.0 315.9 324.5 321.5 7

 8 Commercial paper 122.7 69.5 57.3 56.0 57.2 63.8 72.5 71.5 76.0 75.7 73.9 8

 9 Treasury securities 101.8 97.7 82.3 89.1 95.0 96.9 97.7 87.6 87.0 94.5 94.4 9

10 Agency- and GSE-backed securities 15.2 12.8 10.2 14.3 16.6 17.4 17.8 14.5 14.3 16.7 16.7 10

11 Municipal securities 33.9 34.5 31.1 32.2 28.2 25.0 26.2 25.7 25.1 24.9 24.5 11

12 Mortgages 94.5 83.5 72.8 67.5 65.8 64.2 62.9 61.8 60.7 59.8 58.8 12

13 Consumer credit 57.6 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 53.1 13

14 Mutual fund shares 180.7 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 236.5 214.7 14

15 Trade receivables 2560.8 2778.7 2603.7 2546.8 2592.3 2684.5 2717.9 2665.5 2751.6 2849.8 2885.1 15

16 Miscellaneous assets 10617.7 11891.2 11480.0 11573.1 11703.7 11716.2 11820.5 12037.6 12113.3 12169.1 12238.5 16

17 Total liabilities 16632.3 18315.2 19074.4 18641.9 18636.8 18621.8 18729.2 18819.0 18965.5 19065.3 19175.1 17

18 Credit market instruments 9463.4 10758.4 11417.6 11061.0 11048.8 11017.2 11074.8 11156.4 11260.3 11383.0 11495.0 18

19 Commercial paper 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 19

20 Municipal securities 272.4 341.5 409.7 447.5 456.4 466.9 470.3 482.3 485.4 491.4 490.3 20

21 Corporate bonds 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 4843.5 21

22 Bank loans n.e.c. 1314.3 1547.7 1722.2 1405.7 1347.6 1312.4 1291.6 1314.5 1328.6 1355.8 1395.7 22

23 Other loans and advances 1268.7 1575.8 1643.7 1394.4 1356.2 1343.1 1323.7 1304.8 1297.1 1311.4 1321.0 23

24 Mortgages 3248.8 3611.8 3748.0 3615.2 3567.2 3507.1 3457.7 3411.6 3380.3 3347.4 3319.8 24

25 Trade payables 2161.7 2272.8 2053.4 1975.8 2019.4 2037.2 2085.2 2116.6 2162.6 2231.9 2298.1 25

26 Taxes payable 181.1 135.3 145.1 135.6 147.2 140.0 142.3 134.1 152.1 141.9 149.1 26

27 Miscellaneous liabilities 4826.0 5148.7 5458.2 5469.6 5421.5 5427.4 5427.0 5411.9 5390.5 5308.6 5233.0 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
Z.1, December 8, 2011 67

L.102 Nonfarm Nonfinancial Corporate Business

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 12653.2 13746.1 12920.2 13322.2 13525.0 13651.5 13942.7 14223.1 14490.0 14719.7 14856.1 1

 2 Foreign deposits 49.3 50.3 24.7 31.5 38.6 49.4 59.8 72.0 79.0 84.2 89.4 2

 3 Checkable deposits and currency 150.9 141.9 32.7 159.6 233.0 281.0 344.3 438.2 495.1 551.6 608.0 3

 4 Time and savings deposits 497.0 441.3 381.9 488.8 458.0 438.3 471.3 471.6 522.0 546.1 572.4 4

 5 Money market fund shares 416.3 544.4 702.6 646.1 568.3 524.3 521.8 517.5 497.4 481.0 458.7 5

 6 Security RPs 15.5 8.1 7.2 7.9 9.0 9.2 6.5 12.2 12.8 12.1 11.5 6

 7 Credit market instruments 328.8 249.7 217.5 227.1 228.7 233.8 243.9 231.6 230.5 239.1 235.7 7

 8 Commercial paper 122.7 69.5 57.3 56.0 57.2 63.8 72.5 71.5 76.0 75.7 73.9 8

 9 Treasury securities 45.5 38.3 30.5 43.0 49.7 52.2 53.4 43.4 42.8 50.2 50.0 9

10 Agency- and GSE-backed securities 15.2 12.8 10.2 14.3 16.6 17.4 17.8 14.5 14.3 16.7 16.7 10

11 Municipal securities 28.1 29.2 26.2 27.1 23.2 20.1 21.3 20.8 20.2 20.0 19.7 11

12 Mortgages 59.8 41.4 33.6 29.5 28.5 27.5 26.5 25.4 24.4 23.4 22.4 12

13 Consumer credit 57.6 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 53.1 13

14 Mutual fund shares 180.7 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 236.5 214.7 14

15 Trade receivables 2090.0 2253.0 2081.1 2050.5 2104.5 2203.3 2241.4 2189.7 2275.9 2373.8 2407.6 15

16 Miscellaneous assets 8924.7 9866.4 9346.7 9520.6 9685.7 9724.1 9847.2 10067.3 10142.5 10195.4 10258.1 16

17 U.S. direct investment abroad (1) 2440.7 2892.9 3011.1 3294.0 3404.4 3471.6 3545.5 3585.2 3681.6 3811.0 3937.3 17

18 Insurance receivables 282.7 290.1 300.0 298.2 297.8 300.4 302.2 300.7 300.5 305.7 308.7 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 0.0 19

20 Investment in finance company subs. 140.1 81.5 80.5 71.2 95.9 94.6 94.2 91.5 90.1 93.8 93.6 20

21 Other 6061.1 6601.9 5955.2 5857.3 5887.6 5857.5 5905.3 6090.0 6070.3 5984.8 5918.6 21

22 Total liabilities 11781.9 12872.6 13173.3 12843.9 12931.0 12981.3 13128.5 13217.3 13360.4 13448.0 13528.4 22

23 Credit market instruments 6063.5 6889.2 7221.5 7004.0 7087.2 7121.3 7217.2 7300.4 7409.0 7532.5 7630.9 23

24 Commercial paper 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 24

25 Municipal securities (2) 272.4 341.5 409.7 447.5 456.4 466.9 470.3 482.3 485.4 491.4 490.3 25

26 Corporate bonds (1) 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 4843.5 26

27 Bank loans n.e.c. 518.3 609.9 663.6 462.8 462.5 451.1 446.6 454.9 463.5 472.8 487.2 27

28 Other loans and advances (3) 1061.7 1350.2 1405.0 1167.2 1131.2 1119.4 1090.8 1066.8 1057.0 1078.1 1089.5 28

29 Mortgages 851.9 906.0 849.3 728.4 715.7 696.2 678.1 653.2 634.3 613.3 595.6 29

30 Trade payables 1813.0 1898.9 1669.0 1582.0 1628.0 1651.4 1707.6 1744.3 1790.8 1857.1 1919.2 30

31 Taxes payable 85.4 35.8 39.0 35.7 49.5 43.9 47.3 39.3 57.4 47.1 53.9 31

32 Miscellaneous liabilities 3819.9 4048.6 4243.9 4222.2 4166.4 4164.7 4156.5 4133.2 4103.2 4011.2 3924.3 32

33 Foreign direct investment in U.S. 1722.7 1961.9 2050.3 2025.8 2070.8 2099.2 2166.0 2175.2 2199.5 2241.4 2285.8 33

34 Pension fund contributions payable 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 48.9 34

35 Other 2054.4 2039.5 2145.7 2146.0 2045.6 2015.9 1941.1 1908.8 1854.6 1720.9 1589.6 35

 Memo:

36 Trade receivables net of payables 277.0 354.1 412.1 468.4 476.5 551.9 533.8 445.4 485.2 516.7 488.4 36

37 Market value of equities 14602.3 15730.7 10016.6 12494.7 12914.4 11488.3 12905.5 14422.3 15338.7 15247.7 12896.4 37

38 Securities and mortgages 4371.0 4805.3 5021.5 5315.6 5419.9 5468.8 5581.8 5695.8 5778.0 5874.7 5929.4 38

39 Loans and short-term paper 1692.6 2083.9 2200.1 1688.3 1667.3 1652.5 1635.4 1604.6 1631.0 1657.8 1701.5 39

40 Total short-term liabilities (4) 3591.0 4018.6 3908.0 3306.1 3344.8 3347.7 3390.3 3388.3 3479.2 3562.0 3674.6 40

41 Total liquid assets (5) 1521.2 1526.7 1398.9 1664.4 1652.7 1643.8 1775.2 1884.6 1994.4 2074.0 2114.9 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.1 69.8 69.5 75.9 76.5 76.8 77.3 78.0 78.0 78.0 77.7 42

43 Short-term debt/credit market debt 27.9 30.2 30.5 24.1 23.5 23.2 22.7 22.0 22.0 22.0 22.3 43

44 Liquid assets/short-term liabilities 42.4 38.0 35.8 50.3 49.4 49.1 52.4 55.6 57.3 58.2 57.6 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.
68 Z.1, December 8, 2011

L.103 Nonfarm Nonfinancial Noncorporate Business

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3057.2 3533.1 3629.0 3527.2 3466.1 3419.9 3386.5 3381.0 3380.0 3383.0 3392.9 1

 2 Checkable deposits and currency 428.6 494.3 497.6 517.7 508.7 501.9 497.0 496.2 496.1 496.5 498.0 2

 3 Time and savings deposits 344.4 359.3 358.1 353.3 347.2 342.6 339.2 338.7 338.6 338.9 339.9 3

 4 Money market fund shares 72.2 74.3 75.4 73.7 72.4 71.5 70.8 70.7 70.6 70.7 70.9 4

 5 Treasury securities 56.3 59.3 51.8 46.1 45.3 44.7 44.3 44.2 44.2 44.3 44.4 5

 6 Municipal securities 5.8 5.3 4.9 5.1 5.0 4.9 4.9 4.9 4.9 4.9 4.9 6

 7 Mortgages 34.6 42.1 39.1 37.9 37.2 36.8 36.4 36.3 36.3 36.4 36.5 7

 8 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Trade receivables 470.9 525.6 522.7 496.3 487.7 481.2 476.5 475.8 475.6 476.1 477.4 9

10 Miscellaneous assets 1644.4 1972.8 2079.4 1997.0 1962.4 1936.3 1917.4 1914.3 1913.7 1915.4 1921.0 10

11 Insurance receivables 66.9 68.6 70.7 71.0 70.9 71.5 71.9 71.6 71.5 72.7 73.5 11

12 Equity investment in GSEs (1) 1.9 2.2 4.8 4.8 4.8 5.0 5.0 4.8 4.5 4.9 5.3 12

13 Other 1575.6 1902.0 2003.9 1921.3 1886.8 1859.8 1840.4 1837.9 1837.7 1837.8 1842.2 13

14 Total liabilities 4646.8 5228.6 5659.4 5556.1 5462.7 5396.2 5355.1 5354.9 5359.3 5372.7 5403.2 14

15 Credit market instruments 3195.6 3650.3 3972.1 3839.4 3746.7 3679.1 3634.9 3627.3 3623.2 3626.1 3644.0 15

16 Bank loans n.e.c. 742.8 882.3 1000.0 884.4 830.4 804.0 786.9 801.3 811.2 826.5 850.0 16

17 Other loans and advances 163.9 174.9 208.1 199.5 197.3 198.0 203.3 203.8 201.2 199.7 202.9 17

18 Mortgages 2288.9 2593.1 2764.0 2755.5 2719.0 2677.1 2644.7 2622.2 2610.8 2599.9 2591.0 18

19 Trade payables 349.4 378.7 366.8 369.5 363.1 358.3 354.8 354.2 354.1 354.4 355.4 19

20 Taxes payable 95.7 99.5 106.2 99.9 97.7 96.1 94.9 94.7 94.7 94.8 95.2 20

21 Miscellaneous liabilities 1006.1 1100.0 1214.3 1247.4 1255.2 1262.7 1270.5 1278.7 1287.3 1297.3 1308.6 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

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

 1 Total financial assets 73.7 78.8 81.6 84.1 84.3 84.5 84.7 84.9 86.6 88.3 90.0 1

 2 Checkable deposits and currency 25.0 26.8 27.7 28.6 28.7 28.7 28.8 28.9 29.4 30.0 30.6 2

 3 Miscellaneous assets 48.6 52.0 53.8 55.5 55.6 55.8 55.9 56.0 57.1 58.3 59.4 3

 4 Insurance receivables 45.6 48.5 51.8 53.5 53.6 53.9 53.7 53.5 54.3 55.8 57.2 4

 5 Equity investment in GSEs (2) 3.0 3.6 2.0 2.0 2.1 1.9 2.2 2.5 2.8 2.5 2.2 5

 6 Total liabilities 203.6 214.1 241.6 241.9 243.1 244.4 245.6 246.9 245.8 244.7 243.6 6

 7 Credit market instruments 204.3 218.9 224.0 217.7 214.9 216.8 222.7 228.7 228.1 224.3 220.1 7

 8 Bank loans n.e.c. 53.2 55.5 58.7 58.5 54.6 57.4 58.1 58.3 53.9 56.5 58.4 8

 9 Other loans and advances 43.0 50.7 30.6 27.8 27.7 25.6 29.6 34.2 38.9 33.5 28.6 9

10 Mortgages (3) 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.2 134.2 133.2 10

11 Trade payables -0.7 -4.8 17.7 24.2 28.2 27.6 22.9 18.1 17.7 20.4 23.4 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
Z.1, December 8, 2011 69

L.105 State and Local Governments (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2295.8 2516.9 2423.3 2502.7 2592.1 2562.5 2585.4 2631.9 2655.8 2623.5 2577.1 1

 2 Checkable deposits and currency 61.9 57.1 65.6 84.9 81.0 81.8 81.4 91.5 90.0 95.4 94.7 2

 3 Time and savings deposits 209.6 245.9 265.1 275.9 281.9 265.1 268.7 275.5 278.8 274.4 278.9 3

 4 Money market fund shares 72.7 79.3 77.5 81.6 85.0 84.1 85.3 86.9 88.2 87.6 86.5 4

 5 Security RPs 143.0 156.1 152.6 160.6 167.3 165.5 167.9 171.2 173.6 172.4 170.2 5

 6 Credit market instruments 1389.0 1466.9 1335.2 1298.5 1330.5 1309.6 1299.7 1306.2 1300.8 1261.0 1213.8 6

 7 Open market paper 187.3 184.3 119.8 65.3 64.0 51.7 44.8 39.1 32.3 20.8 7.9 7

 8 Treasury securities 506.8 525.1 475.1 493.9 499.9 504.8 498.1 503.6 496.8 479.3 460.8 8

 9 Agency- and GSE-backed securities 407.0 444.0 434.1 417.0 430.9 420.9 422.7 427.0 429.0 420.6 409.3 9

10 Municipal securities 5.1 5.5 5.4 5.7 5.9 5.9 6.0 6.1 6.2 6.1 6.0 10

11 Corporate and foreign bonds 129.0 140.7 137.5 144.8 150.8 149.2 151.3 154.3 156.5 155.5 153.4 11

12 Mortgages 154.0 167.3 163.3 171.8 179.0 177.1 176.8 176.1 180.0 178.7 176.4 12

13 Corporate equities 98.1 108.0 82.1 117.7 114.7 106.0 107.6 109.9 111.6 110.8 109.2 13

14 Mutual fund shares 30.0 32.8 32.0 33.7 35.1 29.7 30.2 30.9 31.4 31.2 30.7 14

15 Trade receivables 146.6 159.9 156.4 164.6 171.5 169.7 172.1 175.4 177.9 176.7 174.5 15

16 Taxes receivable 189.0 237.5 269.8 280.9 281.8 286.9 295.5 298.0 303.5 308.2 300.4 16

17 Miscellaneous assets -44.1 -26.7 -13.0 4.3 43.3 64.1 77.0 86.3 99.9 105.9 118.1 17

18 Total liabilities 3237.3 3421.3 3480.4 3629.7 3662.2 3663.5 3676.6 3734.3 3724.3 3701.5 3700.6 18

19 Credit market instruments 2720.9 2867.8 2887.8 2999.3 3022.3 3014.0 3017.4 3065.5 3045.7 3013.0 3002.2 19

20 Municipal securities 2709.7 2855.9 2875.0 2985.7 3008.6 3000.2 3003.5 3051.1 3031.2 2998.3 2987.2 20

21 Short-term 34.3 51.2 55.9 63.6 63.7 47.3 52.0 63.0 60.1 37.6 48.0 21

22 Other 2675.4 2804.7 2819.2 2922.1 2945.0 2952.9 2951.5 2988.1 2971.0 2960.7 2939.2 22

23 U.S. government loans 11.2 11.9 12.7 13.5 13.7 13.8 13.9 14.4 14.5 14.7 15.0 23

24 Trade payables 516.4 553.5 592.7 630.4 639.9 649.5 659.1 668.8 678.6 688.5 698.4 24

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

L.106 Federal Government

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

 1 Total financial assets 641.3 686.6 1268.2 1351.3 1378.3 1431.8 1512.6 1570.0 1402.7 1415.0 1347.9 1

 2 U.S. official reserve assets 34.5 36.4 41.9 94.6 92.2 89.8 96.3 95.4 102.1 105.9 105.0 2

 3 Checkable deposits and currency 32.9 56.5 368.0 193.6 219.5 291.6 310.2 342.1 117.5 135.5 57.6 3

 4 Time and savings deposits 1.7 2.8 1.6 1.9 2.0 1.8 1.8 2.0 1.5 1.7 1.8 4

 5 Credit market instruments 279.9 286.5 373.1 669.2 685.4 688.0 734.0 754.5 785.9 764.7 769.2 5

 6 Agency- and GSE-backed securities 0.0 0.0 54.4 196.4 186.4 175.3 164.4 149.2 138.4 103.7 70.6 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.6 0.6 0.7 0.8 0.9 0.9 0.9 0.8 7

 8 Other loans and advances 108.0 105.8 111.8 177.9 181.5 181.1 182.0 181.4 183.6 180.7 182.3 8

 9 Mortgages 80.3 82.4 95.8 108.4 107.1 108.4 106.6 106.6 107.8 109.3 109.3 9

10 Consumer credit (1) 91.7 98.4 111.0 186.0 209.8 222.6 280.3 316.4 355.2 370.1 406.1 10

11 Corporate equities (2) 0.0 0.0 188.7 67.4 48.0 45.1 44.1 40.9 55.0 60.0 63.4 11

12 Trade receivables 59.4 60.6 64.7 43.6 45.0 42.0 42.7 42.9 45.0 45.8 44.2 12

13 Taxes receivable 96.1 105.0 119.4 135.1 139.1 143.0 146.9 150.8 154.8 158.7 162.6 13

14 Miscellaneous assets 136.8 138.7 110.8 145.8 147.2 130.5 136.8 141.4 141.0 142.8 144.1 14

15 Total liabilities 6193.2 6537.4 7888.4 9405.9 9877.4 10235.4 10648.2 11096.1 11359.4 11366.1 11877.0 15

16 SDR allocations 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 16

17 SDR certificates 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 17

18 Treasury currency 28.1 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 25.9 18

19 Credit market instruments 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 19

20 Savings bonds 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 20

21 Treasury bills 940.8 999.5 1861.2 1787.9 1838.0 1777.0 1783.7 1768.9 1694.7 1529.4 1475.6 21

22 Other Treasury securities 3718.6 3903.3 4283.0 5802.8 6231.4 6637.2 7021.4 7404.7 7739.9 7998.7 8442.0 22

23 Budget agency securities 23.5 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 25.0 23

24 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 24

25 Trade payables 208.9 238.2 260.8 204.6 218.0 227.4 227.0 227.1 242.9 249.0 255.8 25

26 Insurance reserves 44.2 45.4 46.4 47.5 47.4 47.6 47.8 48.4 48.5 48.9 49.2 26

27 Miscellaneous liabilities (3) 1017.2 1094.2 1183.5 1261.6 1243.8 1249.1 1269.6 1349.4 1335.1 1242.0 1358.1 27

28 Nonmarketable securities held by pension plans 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 28

29 Other 98.6 142.2 168.2 184.4 183.2 184.3 188.1 206.5 206.3 199.9 208.8 29

(1) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.
70 Z.1, December 8, 2011

L.107 Rest of the World

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 13979.6 15875.4 14994.5 15601.0 15830.8 16050.5 16435.3 17163.2 17606.7 17728.7 18026.4 1

 2 SDR allocations 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 2

 3 Net interbank assets 96.7 -56.9 362.9 69.0 19.6 39.4 -24.0 10.2 221.1 138.0 177.5 3

 4 U.S. checkable deposits and currency 311.6 306.1 370.1 361.0 363.9 367.0 375.2 390.5 409.9 425.7 444.3 4

 5 U.S. time deposits 167.4 207.6 273.1 230.0 221.6 225.3 231.2 247.7 261.9 261.3 274.9 5

 6 Money market fund shares 27.0 46.0 69.7 79.8 80.2 80.6 81.0 81.3 81.7 82.1 82.5 6

 7 Security RPs (net) 364.6 338.4 114.9 31.0 -31.4 -123.1 -118.6 -98.6 -38.9 -57.2 -108.3 7

 8 Credit market instruments 6199.7 7272.6 7504.6 7724.2 7852.0 7960.2 8160.4 8375.8 8394.7 8384.7 8537.8 8

 9 Open market paper 286.3 278.1 232.9 191.5 194.1 187.4 192.6 192.3 200.6 194.7 189.9 9

10 Treasury securities 2126.2 2376.4 3253.0 3671.4 3852.9 3966.7 4216.4 4385.3 4422.3 4437.8 4578.1 10

11 Official 1558.3 1736.7 2400.5 2879.6 2977.0 3008.7 3197.7 3320.7 3354.2 3433.5 3473.1 11

12 Private 567.9 639.8 852.5 791.8 876.0 958.0 1018.7 1064.6 1068.1 1004.3 1105.0 12

13 Agency- and GSE-backed securities 1263.6 1582.4 1406.9 1154.8 1116.5 1128.0 1096.1 1077.3 1054.6 1031.4 1042.7 13

14 Official 695.2 954.3 940.5 749.0 733.6 755.3 690.0 669.2 680.3 679.7 665.7 14

15 Private 568.4 628.0 466.4 405.9 382.9 372.7 406.0 408.1 374.2 351.8 377.0 15

16 Municipal securities 34.4 45.1 50.5 57.0 61.0 65.0 69.0 73.0 75.2 77.2 78.5 16

17 U.S. corporate bonds (1) 2320.5 2719.1 2354.0 2467.0 2441.9 2415.7 2423.3 2487.4 2479.8 2461.9 2453.7 17

18 Loans to U.S. corporate business 168.8 271.5 207.3 182.5 185.6 197.4 163.1 160.4 162.3 181.7 195.0 18

19 U.S. corporate equities 2448.1 2812.2 1806.6 2516.2 2732.2 2421.1 2765.2 3061.7 3265.3 3281.1 2758.9 19

20 Mutual fund shares 316.8 373.5 256.2 321.7 337.1 312.5 342.0 366.6 391.5 396.0 347.2 20

21 Trade receivables 62.8 83.6 90.1 96.7 106.8 114.4 111.9 116.1 115.9 117.8 128.8 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 3977.7 4484.6 4138.7 4116.2 4095.3 4600.7 4456.1 4557.5 4447.6 4642.6 5327.6 23

24 Foreign direct investment in U.S. (2) 2154.1 2345.9 2397.4 2441.7 2492.9 2528.7 2612.6 2658.9 2686.7 2737.2 2775.9 24

25 Other 1823.7 2138.7 1741.3 1674.5 1602.4 2072.0 1843.4 1898.6 1760.9 1905.5 2551.7 25

26 Total liabilities 7234.2 8542.3 8599.1 8790.5 8898.7 9580.7 9162.9 9728.9 9844.4 9957.2 10697.5 26

27 U.S. official reserve assets (3) 54.9 59.5 66.6 119.7 116.5 113.5 122.1 121.4 128.3 132.8 131.3 27

28 U.S. private deposits 1085.0 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 949.7 945.1 28

29 Credit market instruments 1882.6 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.3 2270.6 29

30 Commercial paper 482.3 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 352.4 30

31 Bonds 1275.5 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.7 1755.4 31

32 Bank loans n.e.c. 98.3 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 140.8 32

33 Official 1.9 1.9 2.6 3.2 3.0 3.3 3.5 4.3 4.2 3.2 3.1 33

34 Banks 21.9 30.2 33.0 27.9 30.4 33.1 34.1 39.7 45.7 49.1 53.0 34

35 Other 74.4 70.8 72.4 65.8 63.8 64.3 70.0 71.2 77.1 78.2 84.7 35

36 U.S. government loans 26.4 23.1 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 21.9 36

37 Acceptance liabilities to banks 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Trade payables 60.7 73.1 63.2 70.6 79.7 84.0 92.3 98.4 96.9 82.2 72.5 38

39 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Miscellaneous liabilities 4151.0 4942.4 5813.9 5669.2 5747.8 6396.8 5924.5 6323.8 6335.7 6471.3 7278.1 40

41 U.S. equity in IBRD, etc. 45.3 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 55.9 41

42 Nonofficial foreign currencies 0.6 24.5 554.2 10.9 0.7 2.1 0.9 0.8 0.7 1.0 1.3 42

43 U.S. direct investment abroad (1,2) 2948.2 3553.1 3748.5 4067.5 4184.1 4260.2 4345.7 4429.4 4528.1 4669.9 4804.4 43

44 Other 1157.1 1318.0 1462.8 1540.8 1512.6 2082.9 1525.8 1841.2 1754.1 1746.1 2416.5 44

 Memo:

45 Market value of foreign equities 4329.0 5248.0 2748.4 3995.3 4103.8 3624.9 4261.3 4485.6 4674.3 4660.9 3712.7 45

 held by U.S. residents (4)

(1) Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries; U.S. direct investment abroad excludes net inflows from those bond issues.

(2) Direct investment is valued on a current-cost basis.

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
Z.1, December 8, 2011 71

L.108 Financial Business (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 58006.6 63691.7 62195.4 63702.0 63332.5 61558.5 63092.1 64360.1 65870.4 66301.2 64299.5 1

 2 U.S. official reserve assets 31.4 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 37.4 2

 3 SDR certificates 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 38.2 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 44.1 4

 5 Foreign deposits 84.1 127.3 129.3 97.1 92.5 92.5 104.2 105.9 107.5 112.2 86.7 5

 6 Net interbank assets 70.1 124.4 1475.9 1126.4 1115.6 1026.0 983.8 1019.6 1459.0 1650.6 1647.5 6

 7 Checkable deposits and currency 315.8 350.0 441.0 411.6 390.2 419.8 382.9 381.1 387.6 408.9 435.4 7

 8 Time and savings deposits 375.5 461.1 578.4 776.4 714.3 644.7 679.7 676.5 685.0 676.4 608.3 8

 9 Money market fund shares 603.7 939.8 1247.3 1065.0 928.7 862.3 863.8 871.6 844.3 821.8 787.1 9

10 Federal funds and security RPs 760.1 1029.2 963.0 842.0 854.4 833.5 875.5 846.9 893.0 886.8 826.0 10

11 Credit market instruments 33526.3 36555.8 38904.4 37960.2 37306.0 37077.1 37162.9 37287.9 37493.7 37734.1 37988.2 11

12 Open market paper 1244.3 1149.5 1183.4 790.0 721.1 671.0 677.7 691.1 754.4 725.5 670.1 12

13 Treasury securities 1727.4 1835.4 2271.3 2712.0 2839.2 2878.1 3000.7 3269.1 3596.2 3852.8 4031.0 13

14 Agency- and GSE-backed securities 4366.8 4673.9 5531.2 6190.1 5803.4 5775.4 5739.3 5714.7 5711.1 5733.5 5814.9 14

15 Municipal securities 1457.5 1637.6 1689.2 1704.5 1703.2 1698.0 1715.9 1733.2 1712.9 1712.4 1720.5 15

16 Corporate and foreign bonds 5969.1 6553.4 6560.6 6739.2 6787.8 6835.1 7015.7 6982.3 7029.1 7075.0 7158.9 16

17 Bank loans n.e.c. 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1952.5 17

18 Other loans and advances 1785.8 2210.4 2362.7 1794.3 1695.1 1639.7 1612.1 1582.6 1541.1 1522.4 1502.4 18

19 Mortgages 13003.5 14070.0 14161.6 13872.7 13696.4 13586.5 13470.7 13378.6 13282.7 13209.2 13132.5 19

20 Consumer credit 2266.7 2398.3 2423.3 2235.7 2142.8 2112.1 2075.1 2062.3 1993.9 2000.3 2005.3 20

21 Corporate equities 12140.5 13023.9 7816.2 10052.3 10521.0 9316.1 10388.1 11500.0 12111.8 12056.4 10006.2 21

22 Mutual fund shares 2350.2 2633.8 1694.1 2237.4 2363.9 2175.8 2407.2 2609.2 2734.1 2750.3 2443.1 22

23 Trade receivables 195.2 197.1 182.2 144.2 139.9 140.8 141.2 135.6 138.0 139.3 136.2 23

24 Security credit 594.3 660.0 385.8 422.6 428.8 460.1 476.9 520.5 554.8 566.1 580.5 24

25 Miscellaneous assets 6918.9 7514.3 8301.1 8482.6 8394.0 8426.6 8540.3 8319.5 8375.6 8411.3 8667.7 25

26 Total liabilities 55094.3 60523.7 59301.6 60128.7 59605.8 57916.6 59336.0 60496.6 61924.9 62272.8 60457.4 26

27 Net interbank liabilities 186.1 88.6 1890.5 1281.5 1194.1 1139.4 1029.3 1091.6 1755.4 1871.9 1929.6 27

28 Checkable deposits and currency 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2404.2 28

29 Time and savings deposits 6995.8 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.0 8725.3 29

30 Money market fund shares 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 30

31 Federal funds and security RPs 2151.7 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1220.8 1062.0 31

32 Credit market instruments 14296.3 16217.5 17119.1 15539.1 14764.2 14514.3 14344.4 14153.1 14066.0 13841.8 13725.2 32

33 Open market paper 1363.2 1251.8 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 527.3 33

34 Agency- and GSE-backed securities 6468.9 7374.6 8143.4 8083.3 7633.4 7637.6 7594.1 7574.0 7624.3 7553.3 7560.0 34

35 Corporate and foreign bonds 5464.6 6290.1 6012.8 5721.9 5536.4 5380.2 5319.3 5175.0 5065.5 4981.2 4919.4 35

36 Bank loans n.e.c. 206.2 277.1 773.2 271.5 246.0 230.7 200.1 181.3 165.6 144.8 128.6 36

37 Other loans and advances 641.4 867.1 900.5 617.9 561.4 530.5 488.0 473.2 442.5 424.8 408.7 37

38 Mortgages 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 175.6 180.2 181.2 38

39 Mutual fund shares 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 39

40 Trade payables 48.3 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.3 16.3 40

41 Security credit 957.8 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1011.0 1133.5 41

42 Life insurance reserves 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 42

43 Pension fund reserves 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13102.3 13497.9 13427.5 12496.6 43

44 Taxes payable 55.9 32.4 -101.1 -95.0 -97.7 -96.3 -88.1 -82.0 -73.7 -75.3 -79.8 44

45 Miscellaneous liabilities 5644.5 6230.1 7361.3 7253.8 7176.1 7315.5 7512.9 7337.7 7312.9 7456.6 7683.4 45

 Memo:

46 Market value of corporate equities 5408.0 4602.2 2875.4 3633.2 3988.6 3615.9 3897.0 4332.2 4574.9 4541.9 3728.7 46

47 Equity in noncorporate business 9.8 11.6 9.5 12.1 14.2 14.0 13.0 13.8 13.4 13.0 12.4 47

(1) Sum of financial sectors shown on tables L.109 through L.130.
72 Z.1, December 8, 2011

L.109 Monetary Authority (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 908.2 951.3 2270.6 2267.2 2338.7 2363.4 2327.7 2453.2 2656.8 2891.6 2876.7 1

 2 U.S. official reserve assets 31.4 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 37.4 2

 3 SDR certificates 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 3

 4 Treasury currency 38.2 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 44.1 4

 5 Federal Reserve float -0.3 -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 -0.8 5

 6 Federal Reserve loans to domestic banks 0.1 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 0.1 6

 7 Discount window (2) 0.1 48.6 544.0 96.6 11.5 0.7 0.3 0.2 0.1 0.1 0.1 7

 8 AMLF (3) 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Security RPs 40.8 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Credit market instruments 778.9 740.6 986.0 1987.7 2151.8 2187.3 2150.3 2259.2 2479.2 2700.4 2686.1 10

11 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 778.9 740.6 475.9 776.6 776.7 777.0 811.7 1021.5 1340.4 1619.5 1664.7 12

13 Agency- and GSE-backed securities 0.0 0.0 19.7 1068.3 1237.7 1282.9 1232.6 1139.6 1069.7 1025.6 979.2 13

14 Bank loans n.e.c. 0.0 0.0 490.4 142.8 137.4 127.5 106.0 98.1 69.1 55.3 42.3 14

15 Households (TALF) (4) 0.0 0.0 0.0 47.5 47.2 42.5 29.7 24.7 19.2 12.8 11.3 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 0.0 16

17 Brokers and dealers (5) 0.0 0.0 45.5 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 29.1 29.2 29.3 29.3 28.2 25.8 24.1 21.6 13.0 18

19 Funding corporations (AIG) 0.0 0.0 38.9 22.2 25.4 24.7 18.9 20.0 0.0 0.0 0.0 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 19.5 16.0 15.3 14.7 14.1 13.5 12.8 8.6 7.2 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 24.4 18.5 17.3 16.3 15.1 14.1 12.9 12.3 10.9 21

22 Funding corporations (CPFF) (9) 0.0 0.0 333.0 9.4 2.9 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Corporate equities (10) 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 23

24 Miscellaneous assets 17.0 40.5 569.8 75.9 68.2 68.6 67.2 83.1 92.8 105.0 104.6 24

25 Nonofficial foreign currencies (11) 0.0 24.0 553.7 10.3 0.0 1.2 0.1 0.1 0.0 0.0 0.5 25

26 Other 17.0 16.5 16.1 65.6 68.2 67.3 67.1 83.0 92.8 105.0 104.1 26

27 Total liabilities 892.9 932.8 2249.6 2241.6 2312.7 2333.9 2297.4 2426.7 2630.5 2865.1 2850.7 27

28 Depository institution reserves 18.7 20.8 860.0 977.0 1053.9 973.5 934.6 968.1 1407.0 1595.9 1597.5 28

29 Vault cash of commercial banks 51.7 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.4 50.6 29

30 Checkable deposits and currency 774.3 792.1 1220.3 1102.7 1120.5 1207.8 1218.8 1287.8 1078.7 1116.4 1090.8 30

31 Due to federal government 5.0 16.4 365.7 191.9 216.7 287.8 308.1 340.9 116.4 135.3 56.4 31

32 Treasury cash holdings 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 32

33 Treasury general deposit account 4.7 16.1 106.1 186.6 91.5 87.6 107.9 140.8 111.2 130.1 56.3 33

34 Treasury temporary supplementary financing account 0.0 0.0 259.3 5.0 125.0 200.0 200.0 200.0 5.0 5.0 0.0 34

35 Due to rest of the world 0.1 0.1 1.4 2.4 1.7 1.2 2.5 3.4 0.1 0.4 2.6 35

36 Due to government-sponsored enterprises 0.8 1.7 21.1 35.1 19.3 27.4 4.0 13.5 10.2 7.3 44.8 36

37 Currency outside banks 768.5 773.9 832.2 873.3 882.8 891.3 904.2 930.0 952.0 973.5 986.9 37

38 Security RPs 29.6 44.0 88.4 77.7 57.8 67.2 63.8 59.7 62.2 70.3 84.1 38

39 Miscellaneous liabilities 18.5 21.0 23.1 29.2 28.7 31.6 29.7 58.4 29.3 27.0 27.7 39

40 Federal Reserve Bank stock 15.3 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 26.0 40

41 Other 3.2 2.5 2.1 3.6 2.5 5.0 3.0 31.9 3.0 0.5 1.7 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.
Z.1, December 8, 2011 73

L.110 U.S.-Chartered Commercial Banks

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 8171.6 8840.8 10247.7 10044.6 10255.7 10152.4 10088.2 10076.5 10094.5 10262.4 10349.6 1

 2 Vault cash and reserves at Federal Reserve 67.8 72.2 635.1 679.5 684.0 651.6 588.5 588.4 708.1 872.9 781.4 2

 3 Total bank credit 7320.5 7883.7 8382.9 8306.2 8549.5 8437.3 8467.3 8505.8 8398.9 8401.4 8513.5 3

 4 Open market paper 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 61.9 73.0 53.4 117.7 181.6 181.2 220.2 211.6 210.0 177.7 187.0 5

 6 Agency- and GSE-backed securities 1040.3 928.9 1068.7 1224.0 1219.3 1213.1 1259.8 1310.8 1341.9 1340.0 1360.0 6

 7 Residential mortgage pass-through securities 647.8 592.8 744.9 744.3 707.2 670.8 700.6 729.6 739.3 728.8 744.6 7

 8 Commercial mortgage pass-through securities 0.0 0.0 0.0 3.5 3.6 3.4 3.4 3.3 3.7 4.3 6.9 8

 9 Residential CMOs and other structured MBS 147.2 142.8 157.1 217.0 261.7 285.8 312.2 334.3 353.3 380.9 400.2 9

10 Commercial CMOs and other structured MBS 0.0 0.0 0.0 3.9 3.6 3.4 3.5 3.6 4.7 5.2 9.0 10

11 Other 245.3 193.3 166.7 255.2 243.3 249.7 240.1 240.0 240.9 220.8 199.3 11

12 Municipal securities 178.9 190.9 214.1 215.1 216.2 218.4 226.4 243.5 249.0 256.2 272.8 12

13 Corporate and foreign bonds 470.7 572.4 542.0 582.6 523.2 499.5 499.3 474.9 461.1 456.2 476.2 13

14 Priv. residential mortgage pass-through securities 32.7 48.2 23.8 13.8 11.8 5.0 4.7 4.4 11.0 5.1 4.2 14

15 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 17.7 17.0 12.0 11.4 11.3 9.1 9.2 9.6 15

16 Priv. residential CMOs and other structured MBS 158.8 223.7 222.2 170.5 140.7 128.1 117.4 106.0 98.9 92.8 90.9 16

17 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 25.9 25.5 24.8 24.5 24.6 20.0 19.9 24.6 17

18 Other 279.1 300.5 296.0 354.7 328.2 329.6 341.3 328.7 322.2 329.2 347.0 18

19 Bank loans n.e.c. 1312.2 1532.9 1670.8 1338.4 1340.2 1332.3 1328.6 1350.7 1354.6 1390.6 1443.1 19

20 Mortgages 3338.9 3564.6 3754.7 3738.6 3681.9 3634.1 3603.0 3580.1 3482.3 3455.0 3448.7 20

21 Consumer credit 741.2 804.1 878.6 855.3 1149.2 1133.7 1115.2 1098.7 1058.9 1072.3 1073.8 21

22 Security credit 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 187.0 22

23 Corporate equities 35.3 41.5 6.7 30.3 34.7 21.8 29.5 38.2 42.0 45.1 28.4 23

24 Mutual fund shares 24.5 29.6 19.6 46.1 43.2 38.7 41.2 45.0 47.1 45.0 36.6 24

25 Customers’ liab. on acceptances (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 783.4 884.8 1229.7 1058.9 1022.3 1063.5 1032.4 982.4 987.4 988.1 1054.7 26

27 Total liabilities 7849.1 8434.3 9818.3 9786.5 9949.0 9947.3 9955.0 9882.5 9920.3 10046.4 10178.7 27

28 Net interbank liabilities 363.0 502.0 1291.0 672.2 441.5 442.9 422.7 420.9 421.6 251.2 166.0 28

29 Federal Reserve float -0.3 -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 -0.8 29

30 Borrowing from Federal Reserve banks 0.1 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 0.1 30

31 To domestic banks -57.1 -24.9 88.5 27.4 -26.4 -1.5 -29.4 -39.2 -14.2 -99.4 -88.7 31

32 To foreign banks 420.3 478.3 644.4 550.3 458.0 445.7 453.3 461.3 437.2 351.4 255.3 32

33 Checkable deposits 551.2 560.2 700.9 781.9 735.4 754.7 750.1 852.2 887.5 971.3 1063.2 33

34 Federal government 28.0 42.9 3.5 3.8 4.1 3.2 3.6 3.6 3.6 3.7 3.0 34

35 Rest of the world 26.8 31.7 62.9 34.3 35.3 37.1 32.1 30.4 41.9 41.4 45.6 35

36 Private domestic 496.4 485.5 634.6 743.8 696.0 714.4 714.3 818.1 841.9 926.2 1014.6 36

37 Small time and savings deposits 3770.9 4025.9 4566.2 4949.1 5056.5 5047.9 5128.1 5225.9 5303.9 5469.5 5629.1 37

38 Large time deposits 968.0 991.1 1015.6 841.7 789.9 770.5 749.9 691.6 663.0 656.6 631.3 38

39 Federal funds and security RPs (net) 647.5 611.4 352.4 624.0 667.3 603.7 538.6 409.5 393.0 375.6 333.2 39

40 Open market paper 0.0 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 109.9 40

41 Corporate bonds 149.2 174.4 182.4 174.1 417.3 415.0 421.7 434.1 431.3 430.5 427.2 41

42 Other loans and advances 348.5 455.2 526.3 402.0 357.0 327.6 289.0 277.9 256.4 243.7 228.6 42

43 Taxes payable (net) 24.7 11.1 -74.6 -67.5 -73.6 -64.6 -64.8 -60.6 -56.4 -51.2 -48.1 43

44 Miscellaneous liabilities 1026.2 1103.1 1258.1 1409.2 1425.2 1513.7 1590.5 1518.2 1510.8 1590.3 1638.2 44

45 Investment by bank holding companies 1067.0 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 1429.0 45

46 Other -40.9 -94.7 13.6 -4.4 16.7 82.1 138.1 151.4 152.0 190.6 209.2 46

 Memo:

47 Credit market funds advanced (2) 7144.1 7666.8 8197.9 8071.7 8311.6 8212.3 8252.6 8270.4 8157.7 8148.1 8261.4 47

48 Consumer leases not included above (3) 0.0 11.2 9.5 6.9 7.5 6.4 6.1 6.2 6.1 6.1 6.2 48

(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 nonfinancial asset.
74 Z.1, December 8, 2011

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

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 828.2 1048.0 1624.8 1267.5 1306.7 1367.8 1493.0 1336.8 1672.6 1797.9 2086.9 1

 2 Reserves at Federal Reserve 0.6 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 677.5 762.5 2

 3 Total bank credit 946.8 1151.4 1126.1 839.5 839.5 839.2 980.7 837.2 844.6 863.6 946.0 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 26.8 30.4 35.5 57.5 58.0 54.7 67.5 60.9 66.1 63.6 58.1 5

 6 Agency- and GSE-backed securities 55.1 57.1 50.6 31.3 30.8 30.0 29.5 26.5 31.4 30.6 32.2 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 292.5 369.5 401.6 244.9 236.6 252.4 362.5 233.9 220.6 229.5 255.2 8

 9 Bank loans n.e.c. 361.8 466.8 531.9 406.5 403.9 387.3 386.7 390.4 405.7 416.7 425.6 9

10 Mortgages 24.9 39.0 44.2 37.8 37.9 36.2 35.3 35.4 33.8 33.0 33.3 10

11 Security credit 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 141.6 11

12 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 12

13 Customers’ liab. on acceptances (2) 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Miscellaneous assets -119.6 -104.9 259.7 143.9 135.8 229.5 197.2 148.7 187.2 256.8 378.4 14

15 Total liabilities 844.6 1067.5 1639.6 1283.7 1322.5 1383.3 1510.4 1354.1 1693.5 1818.4 2108.9 15

16 Net interbank liabilities -213.0 -404.1 -163.7 -322.5 -257.5 -251.1 -305.9 -274.4 -53.5 5.0 155.6 16

17 To foreign banks -255.3 -424.6 -179.9 -356.2 -305.5 -307.4 -359.0 -315.4 -94.2 -27.1 118.1 17

18 To domestic banks 42.2 20.5 16.2 33.7 48.0 56.3 53.1 41.0 40.6 32.1 37.5 18

19 Checkable deposits 9.3 11.8 13.5 16.1 16.4 16.4 18.5 21.9 20.7 23.2 38.1 19

20 Small time and savings deposits 18.6 25.5 25.6 29.9 30.2 31.6 50.8 35.7 42.6 47.4 50.9 20

21 Large time deposits 634.5 907.9 784.7 958.6 904.7 836.6 886.5 909.0 937.1 945.4 804.7 21

22 Federal funds and security RPs (net) 239.9 226.3 130.0 170.3 195.3 216.1 231.7 223.2 224.4 212.7 265.5 22

23 Acceptance liabilities 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities 154.8 299.6 849.4 431.3 433.4 533.8 628.8 438.7 522.1 584.6 794.0 24

25 Foreign direct investment in U.S. 135.4 94.2 71.7 104.9 108.3 110.6 113.1 111.3 115.2 116.5 120.4 25

26 Due to affiliates 197.3 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 140.1 26

27 Other -177.9 -35.6 501.1 123.2 135.9 272.8 338.6 155.9 218.0 294.7 533.5 27

 Memo:

28 Credit market funds advanced (3) 761.6 963.3 1063.8 778.0 767.2 760.5 881.5 747.1 757.6 773.4 804.4 28

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

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

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
Z.1, December 8, 2011 75

L.112 Bank Holding Companies

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1760.4 1882.8 2078.7 2876.9 2852.8 2874.8 2972.4 2838.8 2890.5 2898.9 2904.2 1

 2 Credit market instruments 36.0 59.1 73.0 75.8 79.1 63.0 108.1 97.9 105.7 105.3 110.5 2

 3 Treasury securities 2.5 7.1 3.1 5.8 5.8 5.0 17.2 19.6 16.1 9.0 20.4 3

 4 Agency- and GSE-backed securities 11.2 9.9 25.8 24.3 22.6 22.1 30.1 21.1 22.2 31.5 43.2 4

 5 Corporate and foreign bonds 16.7 35.9 35.8 31.1 33.6 17.4 42.2 38.3 40.5 40.6 22.0 5

 6 Bank loans n.e.c. 5.6 6.3 8.2 14.6 17.1 18.5 18.6 18.9 26.9 24.2 24.8 6

 7 Miscellaneous assets 1724.4 1823.6 2005.7 2801.1 2773.8 2811.8 2864.3 2740.9 2784.8 2793.6 2793.7 7

 8 Investment in bank subsidiaries 1067.0 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 1429.0 8

 9 Investment in nonbank subsidiaries 407.4 344.4 386.4 909.0 907.6 910.6 936.6 893.4 900.2 855.4 829.1 9

10 Other 250.0 281.4 374.8 478.5 457.7 469.6 475.2 480.6 525.8 538.6 535.6 10

11 Total liabilities 764.2 876.7 985.4 1489.8 1469.5 1445.4 1505.8 1436.0 1453.1 1439.1 1406.6 11

12 Net interbank liabilities -34.2 -85.1 -154.6 -100.0 -95.6 -79.7 -72.6 -75.7 -73.0 -35.7 -40.1 12

13 To domestic banks 34.2 25.5 -53.0 25.0 37.3 19.2 45.7 60.0 48.9 150.6 155.8 13

14 To foreign banks -68.4 -110.6 -101.5 -125.1 -132.9 -98.9 -118.3 -135.6 -121.9 -186.2 -195.9 14

15 Federal funds and security RPs (net) 0.8 0.8 0.4 -47.7 -51.4 -59.0 -67.3 -49.5 -57.6 -60.4 -51.5 15

16 Credit market instruments 503.3 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.3 984.4 16

17 Commercial paper 81.7 116.7 77.7 60.8 74.0 63.7 64.4 64.7 73.6 76.9 71.7 17

18 Corporate bonds 421.5 516.0 638.9 1028.7 996.7 977.3 1027.8 982.2 984.4 934.3 912.7 18

19 Miscellaneous liabilities 294.4 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 513.8 19

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

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

 1 Total financial assets 108.1 107.5 105.2 98.8 95.1 90.9 86.6 83.2 82.6 81.5 80.2 1

 2 Checkable deposits and currency 2.9 2.6 3.2 4.2 3.9 5.4 5.3 3.3 4.1 4.4 4.9 2

 3 Credit market instruments 99.3 92.8 90.9 88.1 83.8 72.2 69.3 68.9 67.6 65.2 63.7 3

 4 Treasury securities 3.7 1.8 1.2 0.5 0.9 1.3 1.1 1.1 1.1 1.6 0.9 4

 5 Agency- and GSE-backed securities 29.0 26.3 24.4 20.5 18.4 16.2 13.0 12.8 6.9 6.0 5.4 5

 6 Municipal securities 1.3 2.0 2.5 3.5 3.1 2.0 2.7 2.5 2.8 2.5 2.8 6

 7 Corporate and foreign bonds 0.4 0.5 0.5 2.0 1.4 0.5 0.5 0.6 5.9 5.2 4.5 7

 8 Bank loans n.e.c. 25.6 21.4 19.7 19.4 18.4 15.7 15.9 16.1 16.0 16.0 16.6 8

 9 Home mortgages 17.2 21.5 22.9 22.6 22.3 20.8 20.5 20.1 18.8 18.2 17.9 9

10 Commercial mortgages 22.0 19.3 19.7 19.6 19.3 15.7 15.6 15.7 16.1 15.7 15.4 10

11 Miscellaneous assets 5.9 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 11.9 11.7 11

12 Total liabilities 102.1 94.4 91.0 90.0 86.9 82.1 78.0 75.2 74.7 73.6 71.8 12

13 Checkable deposits 14.0 15.7 14.6 16.1 16.2 16.7 16.9 16.6 17.1 18.1 18.0 13

14 Small time and savings deposits 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 14

15 Large time deposits 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 15

16 Miscellaneous liabilities 37.7 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 15.5 16

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
76 Z.1, December 8, 2011

L.114 Savings Institutions (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1714.8 1815.0 1523.5 1253.7 1262.2 1244.8 1244.3 1244.1 1250.0 1228.1 1240.4 1

 2 Reserves at Federal Reserve 2.0 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 62.5 2

 3 Checkable deposits and currency 20.4 20.0 8.7 4.5 0.8 5.2 7.7 2.2 3.6 4.9 1.6 3

 4 Time and savings deposits 6.6 9.9 8.3 15.3 19.1 18.2 17.7 15.3 21.1 19.1 22.4 4

 5 Federal funds and security RPs 18.3 45.6 34.7 12.0 9.5 7.8 7.0 5.4 4.5 5.5 6.8 5

 6 Credit market instruments 1533.2 1596.1 1320.0 1070.4 1073.0 1061.7 1067.2 1081.0 1064.8 1049.3 1048.4 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 0.0 7

 8 Treasury securities 12.5 7.0 3.0 6.8 7.1 6.7 6.0 5.9 6.0 5.6 4.7 8

 9 Agency- and GSE-backed securities 177.0 177.4 173.8 193.4 202.6 199.8 203.8 216.4 219.9 219.6 216.6 9

10 Residential mortgage pass-through securities 98.4 104.2 106.1 93.2 95.0 95.5 98.0 105.7 101.0 98.3 100.0 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 0.6 11

12 Residential CMOs and other structured MBS 32.8 31.3 36.9 47.0 50.9 47.2 52.1 59.2 64.5 69.2 72.0 12

13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 13

14 Other 45.9 41.8 30.8 53.2 56.7 56.9 53.6 51.5 54.2 51.2 43.7 14

15 Municipal securities 11.2 11.0 7.8 9.2 9.6 10.1 10.2 11.1 10.9 11.1 11.1 15

16 Corporate and foreign bonds 92.7 142.2 108.5 84.5 81.1 80.9 76.1 73.9 70.9 68.9 68.3 16

17 Priv. residential mortgage pass-through securities 11.0 6.5 5.2 2.5 2.6 2.5 2.2 2.1 1.9 1.7 1.6 17

18 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 18

19 Priv. residential CMOs and other structured MBS 65.8 105.2 63.4 32.4 30.1 29.8 27.4 26.3 24.9 24.0 22.7 19

20 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 20

21 Other 16.0 30.4 39.9 49.4 48.2 48.4 46.2 45.3 43.9 43.2 43.9 21

22 Other loans and advances 67.5 73.7 80.1 65.6 65.3 64.4 71.1 72.0 72.2 65.8 69.0 22

23 Mortgages 1076.8 1094.0 860.6 633.3 629.3 619.3 617.8 614.8 600.2 590.9 589.3 23

24 Consumer credit 95.5 90.8 86.3 77.5 78.0 80.6 82.1 86.8 84.7 87.4 89.3 24

25 Corporate equities 24.9 25.3 22.7 22.2 21.8 21.7 19.5 19.7 21.9 21.8 20.2 25

26 Miscellaneous assets 109.3 115.5 90.0 83.8 82.7 80.4 78.9 75.8 77.6 76.7 78.4 26

27 Total liabilities 1535.8 1649.2 1395.7 1124.4 1126.7 1107.0 1105.9 1105.4 1109.0 1086.2 1098.3 27

28 Deposits 1091.4 1104.6 948.6 895.3 905.6 899.3 901.5 909.2 927.9 912.5 926.1 28

29 Checkable 85.9 79.4 76.6 89.7 90.1 89.2 88.4 88.9 90.5 88.5 91.7 29

30 Small time and savings 647.5 638.1 578.5 667.9 674.8 665.9 661.9 662.7 676.2 661.2 663.7 30

31 Large time 358.0 387.1 293.5 137.7 140.7 144.2 151.3 157.6 161.2 162.9 170.7 31

32 Security RPs 41.8 17.6 17.6 53.6 53.9 50.2 49.2 47.6 38.2 37.0 35.4 32

33 Credit market instruments 319.1 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 113.3 33

34 Corporate bonds 10.7 10.4 2.4 2.3 3.2 3.0 2.8 2.7 2.2 2.2 2.2 34

35 Bank loans n.e.c. 48.6 62.0 75.0 11.0 11.3 8.8 10.9 9.8 11.2 11.5 11.0 35

36 Other loans and advances 259.8 350.9 278.7 139.1 128.8 124.4 120.2 114.9 107.6 102.5 100.1 36

37 Taxes payable 3.3 1.3 1.0 1.3 1.6 1.1 1.0 1.0 1.5 0.9 1.0 37

38 Miscellaneous liabilities 80.2 102.4 72.3 21.8 22.4 20.3 20.5 20.2 20.5 19.6 22.6 38

39 Investment by parent 10.7 10.9 13.4 24.0 24.0 23.7 24.3 23.0 23.2 22.7 22.4 39

40 Other 69.5 91.5 58.9 -2.2 -1.6 -3.4 -3.8 -2.8 -2.8 -3.1 0.2 40

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
Z.1, December 8, 2011 77

L.115 Credit Unions

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 716.2 758.7 812.4 882.7 895.7 901.9 905.7 912.0 937.0 940.2 949.5 1

 2 Reserves at Federal Reserve 0.0 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 41.8 2

 3 Checkable deposits and currency 44.4 43.3 37.6 39.1 37.2 39.9 36.8 32.8 28.2 29.8 44.6 3

 4 Time and savings deposits 17.0 17.0 28.3 37.8 41.0 42.6 43.1 43.4 44.3 44.7 46.8 4

 5 Federal funds and security RPs (net) 5.1 2.5 -2.3 0.1 0.1 0.1 0.0 0.0 0.0 18.8 10.9 5

 6 Credit market instruments 622.7 657.9 697.9 731.0 737.3 750.2 741.1 755.5 765.4 774.3 779.7 6

 7 Open market paper 1.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 7.4 10.4 8.8 14.2 15.9 17.2 10.8 20.0 21.8 21.9 21.0 8

 9 Agency- and GSE-backed securities 72.5 68.4 82.9 110.8 123.5 133.6 136.3 151.6 166.6 170.9 173.9 9

10 Corporate and foreign bonds 30.6 34.6 25.7 18.6 18.5 18.4 11.5 3.7 3.7 3.8 3.6 10

11 Other loans and advances 26.8 26.9 29.6 32.3 31.3 32.5 33.2 33.1 31.5 32.9 33.7 11

12 Home mortgages 249.7 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.0 324.6 12

13 Consumer credit 234.5 235.7 236.2 237.2 228.0 225.8 224.9 226.5 218.1 220.9 222.8 13

14 Mutual fund shares 2.1 2.1 2.0 1.3 1.6 1.6 1.6 1.5 1.7 1.8 1.8 14

15 Miscellaneous assets 24.9 35.9 44.2 50.6 43.5 40.8 47.9 41.9 42.8 20.5 24.0 15

16 Total liabilities 648.7 688.2 742.7 815.3 827.2 832.0 834.8 840.9 864.6 864.8 872.6 16

17 Shares/deposits 620.6 652.3 697.4 769.4 790.4 795.0 797.2 803.8 829.3 829.8 838.9 17

18 Checkable 72.6 73.7 75.3 86.9 88.5 88.2 88.5 92.4 98.7 97.1 102.3 18

19 Small time and savings 483.0 508.7 551.7 655.1 673.7 678.4 679.3 681.3 699.4 701.4 704.1 19

20 Large time 65.0 69.9 70.4 27.3 28.2 28.4 29.4 30.1 31.2 31.3 32.4 20

21 Other loans and advances 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 21

22 Miscellaneous liabilities 9.2 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.2 10.0 22

L.116 Property-Casualty Insurance Companies

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

 1 Total financial assets 1335.8 1385.8 1305.5 1384.5 1385.5 1368.7 1394.3 1404.4 1414.2 1413.2 1384.6 1

 2 Checkable deposits and currency 29.9 42.7 27.9 27.6 28.3 37.1 39.3 32.6 33.8 35.6 25.7 2

 3 Money market fund shares 13.5 20.7 32.8 29.6 25.3 24.6 27.9 25.6 27.7 26.1 23.6 3

 4 Security RPs 1.9 3.6 4.4 4.5 8.3 6.1 5.9 3.8 3.5 2.3 2.0 4

 5 Credit market instruments 864.1 869.3 853.4 886.7 886.8 887.2 892.2 890.6 895.7 890.8 891.0 5

 6 Open market paper 16.4 13.3 19.1 9.8 11.1 10.4 11.8 7.9 8.5 8.0 5.3 6

 7 Treasury securities 110.0 71.3 65.6 88.5 87.1 87.7 90.4 91.7 93.3 92.0 90.9 7

 8 Agency- and GSE-backed securities 122.0 125.8 114.3 116.2 116.1 116.0 115.9 115.8 116.2 115.7 116.3 8

 9 Municipal securities 335.2 371.3 381.9 369.4 364.0 358.7 353.5 348.4 349.7 348.2 349.9 9

10 Corporate and foreign bonds 277.0 282.9 267.5 298.3 304.2 310.2 316.4 322.6 323.8 322.5 324.1 10

11 Commercial mortgages 3.5 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 4.6 11

12 Corporate equities 227.0 236.2 193.3 219.8 216.7 193.4 204.8 219.2 222.7 220.2 203.4 12

13 Mutual fund shares 6.9 6.8 4.4 5.3 5.4 5.0 5.4 5.7 5.8 5.8 5.2 13

14 Trade receivables 87.0 85.4 86.7 83.0 84.8 86.7 87.1 83.8 84.4 88.2 88.7 14

15 Miscellaneous assets 105.5 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 144.1 145.0 15

16 Total liabilities 826.3 818.6 792.3 817.4 819.0 821.5 829.4 836.0 838.4 845.5 846.9 16

17 Security RPs 1.2 0.5 2.4 0.6 0.5 0.6 0.5 1.5 0.6 0.6 0.5 17

18 Taxes payable (net) 9.4 7.0 -21.1 -15.8 -12.6 -19.1 -15.7 -10.1 -7.9 -13.1 -19.4 18

19 Miscellaneous liabilities 815.7 811.1 811.0 832.6 831.2 839.9 844.6 844.6 845.8 858.0 865.7 19
78 Z.1, December 8, 2011

L.117 Life Insurance Companies

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 4685.3 4949.7 4515.5 4823.9 4914.0 4872.1 5048.1 5176.3 5276.4 5320.2 5232.6 1

 2 Checkable deposits and currency 56.1 58.3 82.8 50.7 47.7 57.8 59.5 51.7 47.3 48.7 58.9 2

 3 Money market fund shares 23.3 21.6 39.2 33.7 29.8 26.5 23.6 21.0 19.7 17.9 17.0 3

 4 Security RPs 2.6 2.7 8.0 10.2 11.3 11.0 11.0 10.9 9.7 8.8 10.8 4

 5 Credit market instruments 2786.4 2871.2 2882.8 3022.6 3042.6 3083.7 3134.3 3174.2 3215.3 3243.5 3298.8 5

 6 Open market paper 28.7 41.7 38.3 49.8 35.7 39.3 46.0 40.9 39.9 38.0 42.1 6

 7 Treasury securities 87.9 70.6 105.7 133.5 138.6 144.2 150.2 156.6 153.6 154.1 162.8 7

 8 Agency- and GSE-backed securities 377.4 382.9 366.2 371.9 372.8 373.8 374.8 376.0 386.1 389.7 395.0 8

 9 Municipal securities 36.6 41.4 47.1 73.1 81.3 90.5 100.8 112.3 115.1 116.1 117.7 9

10 Corporate and foreign bonds 1819.5 1862.6 1817.0 1927.2 1952.8 1978.0 2003.5 2030.2 2062.1 2080.5 2109.3 10

11 Other loans and advances 132.6 145.8 166.1 140.9 140.0 140.1 140.8 140.7 140.1 141.9 142.7 11

12 Mortgages 303.8 326.2 342.4 326.1 321.4 317.9 318.2 317.5 318.4 323.1 329.2 12

13 Corporate equities 1364.8 1464.6 1001.7 1208.5 1275.8 1169.4 1286.6 1402.6 1484.8 1487.8 1355.6 13

14 Mutual fund shares 148.8 188.4 121.0 140.8 144.8 134.3 144.1 155.7 158.7 158.5 142.9 14

15 Miscellaneous assets 303.3 342.9 380.1 357.6 361.9 389.4 389.0 360.3 341.0 355.0 348.7 15

16 Total liabilities 4412.0 4661.7 4266.5 4532.5 4611.0 4567.5 4723.5 4850.8 4957.6 4985.0 4897.3 16

17 Security RPs 21.2 20.2 12.9 12.4 9.2 9.8 11.0 10.3 9.5 10.0 9.7 17

18 Other loans and advances 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 18

19 Life insurance reserves 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 19

20 Pension fund reserves (1) 2332.4 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2566.0 2587.2 2514.0 20

21 Taxes payable (net) -1.3 -4.7 -24.4 -31.4 -30.0 -30.6 -27.7 -28.8 -27.9 -29.1 -30.3 21

22 Miscellaneous liabilities 925.9 1010.6 905.0 985.6 1012.6 1049.3 1074.7 1089.8 1115.1 1108.4 1088.3 22

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 22).

L.118 Private Pension Funds (1)

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

 1 Total financial assets 6082.8 6410.6 4552.7 5471.0 5708.6 5315.9 5728.5 6111.8 6341.1 6346.3 5743.9 1

 2 Checkable deposits and currency 11.2 11.8 12.3 16.4 18.9 21.9 24.6 28.0 31.3 34.6 37.7 2

 3 Time and savings deposits 63.1 67.7 67.9 72.7 73.7 74.9 75.7 77.1 78.0 79.0 80.0 3

 4 Money market fund shares 90.1 93.5 95.7 96.4 96.4 96.4 96.3 96.3 96.2 96.2 96.1 4

 5 Security RPs 22.4 25.8 33.1 36.2 36.3 31.3 36.8 37.1 37.3 33.0 34.0 5

 6 Credit market instruments 758.3 860.8 951.4 1063.0 1090.0 1114.3 1138.7 1171.0 1191.1 1217.8 1246.2 6

 7 Open market paper 31.7 26.9 37.2 26.7 21.7 18.2 17.1 15.0 14.8 14.5 14.2 7

 8 Treasury securities 130.8 169.5 184.9 310.7 341.6 407.4 466.9 486.7 500.0 522.3 545.7 8

 9 Agency- and GSE-backed securities 268.6 296.8 318.1 269.1 259.6 210.9 170.2 170.9 165.3 162.4 159.5 9

10 Corporate and foreign bonds 317.6 357.4 400.1 442.9 452.5 462.1 469.2 483.5 496.3 504.1 512.7 10

11 Mortgages 9.5 10.2 11.1 13.6 14.6 15.7 15.2 15.0 14.7 14.5 14.2 11

12 Corporate equities 2724.8 2673.3 1599.7 1835.7 1918.2 1673.9 1832.6 2012.3 2100.0 2063.3 1714.2 12

13 Mutual fund shares 1880.4 2110.6 1366.0 1817.3 1929.6 1784.0 1980.2 2140.6 2248.5 2268.9 2033.1 13

14 Miscellaneous assets 532.5 567.1 426.5 533.3 545.5 519.2 543.5 549.5 558.8 553.4 502.6 14

15 Unallocated insurance contracts (2) 387.9 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.3 470.3 420.0 15

16 Contributions receivable 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 48.9 16

17 Other 101.8 88.6 61.0 70.0 65.7 61.6 60.4 42.8 38.4 34.1 33.7 17

18 Pension fund reserves (liabilities) (3) 6120.5 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6148.3 6377.6 6382.8 5780.5 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 nonfinancial and financial assets. These liabilities are assets of the household sector.
Z.1, December 8, 2011 79

L.119 State and Local Government Employee Retirement Funds

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 3089.8 3198.8 2324.5 2673.7 2771.7 2554.4 2726.8 2931.5 3034.2 3013.2 2664.1 1

 2 Checkable deposits and currency 13.1 17.9 17.8 17.7 17.8 17.5 17.2 17.3 18.1 17.9 18.9 2

 3 Time and savings deposits 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 3

 4 Money market fund shares 13.8 12.4 14.3 14.3 14.4 14.2 13.9 13.9 14.7 14.5 15.2 4

 5 Security RPs 24.1 21.7 23.5 23.5 23.6 23.2 22.8 22.8 24.0 23.7 25.0 5

 6 Credit market instruments 808.0 820.3 833.5 824.7 823.7 819.3 815.8 816.5 825.0 820.5 834.9 6

 7 Open market paper 42.8 38.4 25.9 24.0 24.1 22.7 22.3 22.4 23.5 23.2 24.4 7

 8 Treasury securities 156.2 141.6 146.4 174.5 179.1 182.0 185.5 185.6 187.9 186.9 188.7 8

 9 Agency- and GSE-backed securities 307.8 331.1 337.5 306.9 301.0 292.3 285.1 285.2 288.7 287.2 290.0 9

10 Municipal securities 3.3 2.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.5 10

11 Corporate and foreign bonds 283.4 297.0 312.9 308.6 308.7 311.5 311.9 312.4 314.1 312.4 320.9 11

12 Mortgages 14.4 9.7 9.4 9.3 9.4 9.3 9.4 9.4 9.2 9.2 9.3 12

13 Corporate equities 1926.1 2013.7 1237.9 1549.8 1636.0 1450.8 1604.6 1782.5 1861.9 1848.2 1527.8 13

14 Mutual fund shares 287.5 296.4 181.1 226.7 239.3 212.2 234.8 260.8 272.4 270.4 223.5 14

15 Miscellaneous assets 16.3 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 18.0 15

16 Pension fund reserves (liabilities) (1) 3156.6 3297.9 2414.7 2759.8 2856.7 2641.4 2815.4 3024.0 3131.3 3116.3 2774.4 16

(1) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.

L.120 Federal Government Retirement Funds (1)

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

 1 Total financial assets 1141.1 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1427.6 1

 2 Credit market instruments 84.3 96.1 120.3 127.7 129.4 133.6 138.3 138.7 142.2 146.1 154.2 2

 3 Treasury securities 76.7 88.0 112.3 119.1 120.6 124.5 128.2 129.2 132.9 136.3 144.0 3

 4 Agency- and GSE-backed securities 4.7 5.0 5.1 5.6 5.8 6.0 6.6 6.3 6.2 6.5 6.8 4

 5 Corporate and foreign bonds 2.9 3.0 2.9 3.0 3.0 3.1 3.5 3.2 3.1 3.2 3.4 5

 6 Corporate equities 138.1 149.1 85.6 119.4 127.8 112.6 125.6 143.7 152.1 152.9 124.1 6

 7 Miscellaneous assets (2) 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 7

 8 Pension fund reserves (liabilities) (3) 1141.1 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1427.6 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.
80 Z.1, December 8, 2011

L.121 Money Market Mutual Funds (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 1

 2 Foreign deposits 84.1 127.3 129.3 97.1 92.5 92.5 104.2 105.9 107.5 112.2 86.7 2

 3 Checkable deposits and currency 6.7 1.9 7.5 17.9 5.3 7.7 15.5 14.2 14.0 20.7 18.8 3

 4 Time and savings deposits 206.7 270.6 355.2 573.2 510.8 436.2 473.9 468.0 469.9 462.3 397.8 4

 5 Security RPs 394.6 605.9 542.4 479.9 438.9 462.6 493.3 479.4 439.2 457.6 479.7 5

 6 Credit market instruments 1560.8 1936.4 2675.0 2031.0 1828.5 1703.3 1599.5 1621.0 1583.7 1521.0 1527.2 6

 7 Open market paper 608.3 674.6 618.5 510.5 445.6 382.9 382.8 394.2 398.1 361.1 349.5 7

 8 Treasury securities 82.7 178.1 577.7 406.4 371.5 348.9 308.1 335.4 337.7 341.5 373.5 8

 9 Agency- and GSE-backed securities 131.4 235.9 756.2 543.0 465.5 450.4 414.8 402.8 373.4 359.4 384.1 9

10 Municipal securities 370.3 471.0 494.6 401.3 370.0 352.0 333.0 334.4 320.7 305.8 292.0 10

11 Corporate and foreign bonds 368.3 376.8 228.0 169.9 176.0 169.1 160.8 154.2 153.7 153.2 128.1 11

12 Miscellaneous assets 59.2 90.9 47.9 59.1 54.8 58.1 59.8 66.9 65.2 64.0 68.3 12

13 Total shares outstanding (liabilities) 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 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; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 1

 2 Security RPs 132.8 132.2 124.7 153.3 150.1 127.6 134.9 137.5 218.5 221.8 142.4 2

 3 Credit market instruments 1932.0 2203.1 2276.4 2657.2 2784.9 2834.3 2971.1 3031.4 3160.9 3267.8 3299.3 3

 4 Open market paper 114.5 114.1 51.6 80.2 77.4 55.9 63.3 66.3 144.0 147.2 70.2 4

 5 Treasury securities 160.7 179.2 187.9 255.5 269.9 278.3 294.3 297.4 298.2 306.4 320.7 5

 6 Agency- and GSE-backed securities 499.1 565.4 592.7 639.1 684.3 710.7 760.8 791.1 793.4 819.1 863.9 6

 7 Municipal securities 344.4 372.2 389.6 480.2 501.5 514.2 532.8 526.6 515.1 520.1 527.7 7

 8 Corporate and foreign bonds 767.0 889.9 959.9 1126.8 1178.1 1200.9 1244.0 1275.4 1321.6 1378.0 1420.7 8

 9 Other loans and advances 46.3 82.4 94.8 75.4 73.7 74.3 75.9 74.6 88.6 97.0 96.0 9

10 Corporate equities 4989.6 5476.9 3014.1 4136.2 4351.8 3799.5 4299.9 4762.7 5087.0 5067.4 4058.3 10

11 Miscellaneous assets 14.0 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 13.4 13.4 11

12 Total shares outstanding (liabilities) 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 293.3 315.8 201.2 225.3 229.4 220.3 232.6 238.7 244.3 244.0 236.0 1

 2 Credit market instruments 171.8 170.9 129.9 139.2 141.7 139.7 142.0 143.5 145.5 144.9 140.9 2

 3 Treasury securities 7.4 5.6 3.2 4.3 5.0 4.8 5.0 5.1 5.2 5.2 4.8 3

 4 Municipal securities 89.4 91.3 77.9 80.9 81.1 81.3 81.7 80.3 79.6 79.6 78.5 4

 5 Corporate and foreign bonds 75.1 74.0 48.7 54.0 55.6 53.6 55.3 58.1 60.7 60.1 57.7 5

 6 Corporate equities 121.5 144.9 71.3 86.1 87.7 80.6 90.6 95.2 98.8 99.1 95.1 6

 7 Total shares outstanding (liabilities) 293.3 315.8 201.2 225.3 229.4 220.3 232.6 238.7 244.3 244.0 236.0 7

 Exchange-traded funds

 8 Total financial assets 422.8 607.7 530.9 772.9 800.5 767.1 874.9 986.5 1048.9 1070.2 946.7 8

 9 Credit market instruments 20.7 34.0 57.0 102.9 113.2 124.6 133.4 132.6 140.0 150.9 164.0 9

10 Treasury securities 13.1 19.7 27.0 41.7 46.3 51.9 51.7 51.0 52.8 56.7 61.1 10

11 Municipal securities 0.0 0.6 2.3 5.9 6.5 7.3 7.8 7.6 7.5 7.7 7.8 11

12 Corporate and foreign bonds 7.6 13.8 27.7 55.3 60.4 65.5 73.9 74.0 79.8 86.5 95.0 12

13 Corporate equities 402.0 573.7 473.9 669.9 687.2 642.5 741.5 853.9 908.9 919.3 782.8 13

14 Total shares outstanding (liabilities) 422.8 607.7 530.9 772.9 800.5 767.1 874.9 986.5 1048.9 1070.2 946.7 14
Z.1, December 8, 2011 81

L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2872.9 3174.3 3407.9 3047.3 7003.5 6900.8 6764.6 6721.1 6687.1 6562.0 6520.1 1

 2 Checkable deposits and currency 16.4 13.7 88.3 99.4 99.0 99.1 47.3 63.4 70.4 62.3 63.7 2

 3 Time and savings deposits 33.9 46.6 68.5 25.7 21.2 23.7 22.1 26.1 23.7 23.1 11.7 3

 4 Federal funds and security RPs (net) 117.4 142.7 114.5 122.1 176.4 163.8 163.8 150.0 156.3 115.1 114.3 4

 5 Credit market instruments 2590.5 2829.5 3037.5 2699.7 6577.4 6494.1 6385.1 6333.1 6327.9 6252.4 6176.5 5

 6 Open market paper 32.4 27.7 6.8 9.7 8.6 10.4 8.6 9.9 9.5 9.3 9.2 6

 7 Treasury securities 14.2 15.5 16.8 21.9 60.1 72.2 69.5 55.2 58.5 63.3 68.5 7

 8 Agency- and GSE-backed securities 714.0 702.9 910.0 924.5 417.0 387.7 375.1 377.0 373.9 368.2 368.1 8

 9 Municipal securities 36.1 33.3 31.3 29.1 28.0 27.2 26.2 24.9 23.8 22.9 22.0 9

10 Corporate and foreign bonds 481.7 464.4 386.6 310.8 324.8 313.0 308.3 293.9 284.7 270.0 264.3 10

11 Other loans and advances 704.9 942.6 980.7 695.9 634.5 599.1 561.6 551.3 522.8 500.2 479.8 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 63.5 75.5 80.3 80.0 77.7 76.5 81.9 87.3 89.6 85.1 81.0 13

14 FHLB 641.4 867.1 900.5 615.9 556.8 522.6 479.7 464.0 433.2 415.1 398.9 14

15 Mortgages 607.2 643.1 705.3 707.7 5104.4 5084.4 5035.8 5021.0 5054.6 5018.4 4964.6 15

16 Home 457.6 447.9 456.6 445.4 4795.6 4774.8 4722.8 4701.5 4735.8 4701.4 4646.3 16

17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 4386.4 4238.7 4177.2 4141.0 4170.5 4146.4 4085.3 17

18 Other 457.6 447.9 456.6 445.4 409.2 536.1 545.6 560.5 565.3 555.0 561.0 18

19 Multifamily residential 105.4 147.7 190.2 204.4 249.7 249.2 251.3 256.5 256.1 254.6 256.4 19

20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 58.9 60.0 63.0 75.4 81.4 87.3 92.6 20

21 Other 105.4 147.7 190.2 204.4 190.8 189.2 188.3 181.1 174.7 167.3 163.7 21

22 Farm 44.2 47.6 58.5 57.9 59.1 60.4 61.6 63.0 62.7 62.4 62.0 22

23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 114.7 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 154.0 24

25 Total liabilities 2781.2 3081.3 3390.2 2977.0 6875.6 6762.9 6635.4 6589.1 6577.8 6455.0 6413.5 25

26 Credit market instruments 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 26

27 GSE issues (4) 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 27

28 Consolidated trusts (2) 0.0 0.0 0.0 0.0 4445.3 4298.7 4240.3 4216.4 4251.8 4233.7 4177.9 28

29 Other 2627.8 2910.2 3181.9 2706.6 2207.9 2292.4 2257.8 2218.1 2185.5 2083.6 2104.8 29

30 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Miscellaneous liabilities 153.4 171.1 208.2 270.4 222.3 171.8 137.3 154.6 140.5 137.7 130.7 31

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.125) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-Backed Mortgage Pools (1)

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

 1 Total financial assets 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1

 2 Home mortgages 3749.1 4371.8 4864.0 5266.5 920.7 982.5 1028.5 1068.8 1112.5 1155.7 1194.5 2

 3 Multifamily residential mortgages 88.8 88.1 92.8 105.7 56.1 60.1 63.7 66.9 71.3 77.1 81.1 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 3.2 4.5 4.7 4.5 3.3 3.8 3.8 3.8 3.2 3.2 1.7 5

 6 Total pool securities (liabilities)(2) 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.124). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
82 Z.1, December 8, 2011

L.126 Issuers of Asset-Backed Securities (ABS)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 4200.8 4540.7 4133.1 3289.6 2693.3 2561.0 2446.4 2341.5 2243.9 2189.8 2129.2 1

 2 Treasury securities 61.1 85.8 72.2 53.9 49.7 46.2 42.6 40.1 35.9 32.6 28.3 2

 3 Agency- and GSE-backed securities (1) 353.3 380.9 353.1 125.2 90.0 53.3 28.7 17.7 5.3 9.4 15.0 3

 4 Other loans and advances 253.4 341.9 379.8 252.2 229.6 219.1 214.3 201.0 180.6 190.3 188.6 4

 5 Mortgages (2) 2763.8 2936.7 2586.1 2219.3 2118.2 2043.6 1970.1 1899.2 1846.2 1788.4 1734.7 5

 6 Home 2144.6 2179.1 1868.2 1548.5 1458.2 1397.1 1338.2 1277.2 1223.0 1174.5 1128.2 6

 7 Multifamily residential 103.4 124.0 113.2 107.4 106.5 104.8 102.7 98.7 98.0 96.3 94.1 7

 8 Commercial 515.8 633.6 604.7 563.3 553.5 541.8 529.2 523.3 525.2 517.6 512.4 8

 9 Consumer credit 661.1 683.7 646.4 577.9 150.7 144.8 136.6 131.7 122.4 117.9 115.1 9

10 Trade credit 108.3 111.7 95.5 61.3 55.1 54.1 54.2 51.8 53.6 51.1 47.5 10

11 Total liabilities 4204.4 4543.8 4135.9 3292.0 2695.5 2563.1 2448.5 2343.5 2245.9 2191.6 2131.0 11

12 Commercial paper 837.4 643.1 559.3 293.1 126.4 112.2 119.4 120.2 128.3 116.2 108.5 12

13 Corporate bonds (net) (3) 3367.1 3900.7 3576.6 2998.9 2569.1 2450.9 2329.1 2223.4 2117.6 2075.5 2022.6 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 3.6 3.1 2.7 2.3 2.3 2.2 2.1 2.0 2.0 1.9 1.8 14

15 REIT assets (5) 110.0 92.1 45.4 20.1 23.5 22.5 21.9 15.5 16.2 15.9 16.8 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 109.9 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

(4) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a nonfinancial asset.

(5) Included in table L.128.

(6) Included in table L.110 line 36.

L.127 Finance Companies (1)

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

 1 Total financial assets 1891.3 1911.2 1851.7 1662.5 1665.8 1642.9 1613.4 1590.0 1581.1 1555.9 1562.9 1

 2 Checkable deposits and currency 15.8 16.2 16.5 17.0 15.9 16.1 15.5 15.3 15.7 15.8 16.3 2

 3 Time and savings deposits 47.4 48.6 49.4 51.0 47.6 48.4 46.6 45.9 47.2 47.4 48.9 3

 4 Credit market instruments 1811.6 1828.2 1755.9 1532.6 1556.9 1526.1 1504.8 1482.8 1464.6 1435.3 1434.1 4

 5 Corporate and foreign bonds 184.8 189.4 192.4 198.6 185.6 188.7 181.6 179.0 184.1 184.9 190.5 5

 6 Other loans and advances 498.0 523.0 539.9 448.9 447.5 439.2 445.7 441.0 439.7 429.1 428.1 6

 7 Mortgages 594.4 531.9 447.9 397.4 386.9 371.1 361.2 344.2 331.0 319.5 311.2 7

 8 Consumer credit 534.4 584.1 575.8 487.8 536.9 527.2 516.3 518.6 509.8 501.8 504.3 8

 9 Miscellaneous assets 16.4 18.2 30.0 61.9 45.3 52.2 46.5 46.0 53.5 57.3 63.6 9

10 Total liabilities 1876.8 1949.6 1880.5 1630.3 1631.7 1599.0 1558.0 1536.7 1512.4 1487.2 1497.7 10

11 Credit market instruments 1144.2 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.4 916.9 11

12 Open market paper 165.3 123.5 100.9 62.1 64.0 63.1 56.8 63.8 65.4 61.0 62.4 12

13 Corporate bonds 849.7 974.1 924.5 837.5 858.2 834.6 823.0 818.7 796.0 781.3 788.3 13

14 Bank loans n.e.c. 129.2 182.0 174.9 144.5 125.9 120.0 95.0 79.6 88.2 75.2 66.2 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 0.0 15

16 Taxes payable 17.0 15.5 15.4 12.7 12.6 12.6 12.8 12.9 12.8 12.8 13.3 16

17 Miscellaneous liabilities 715.7 654.4 664.8 573.6 571.0 568.7 570.4 561.7 550.0 556.9 567.5 17

18 Foreign direct investment in U.S. 51.1 68.6 78.1 75.0 75.3 75.7 77.3 83.6 84.7 87.7 88.2 18

19 Investment by parent 338.5 321.4 313.0 280.5 277.3 273.5 272.5 264.6 257.5 268.1 267.5 19

20 Other 326.0 264.4 273.7 218.1 218.3 219.4 220.6 213.5 207.7 201.1 211.8 20

 Memo:

21 Consumer leases not included above (2) 106.0 122.9 111.1 85.4 80.7 77.2 74.8 72.7 73.3 73.8 74.9 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
Z.1, December 8, 2011 83

L.128 Real Estate Investment Trusts (REITs)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 344.5 318.5 250.6 241.2 246.9 258.4 276.1 283.0 346.6 391.0 419.5 1

 2 Checkable deposits and currency 18.4 16.6 18.4 26.3 25.2 26.0 24.6 23.5 29.0 25.8 29.3 2

 3 Credit market instruments 266.4 246.5 177.6 168.9 173.1 177.8 192.7 206.0 258.0 301.9 324.2 3

 4 Agency- and GSE-backed securities 65.4 88.9 89.6 105.1 109.1 114.7 128.7 143.3 190.7 216.9 239.1 4

 5 Corporate and foreign bonds 64.6 34.4 11.7 15.5 17.5 18.1 20.1 20.8 24.6 26.2 27.1 5

 6 Mortgages 136.3 123.1 76.3 48.3 46.4 45.0 43.9 41.9 42.7 58.8 58.0 6

 7 Home 104.2 80.7 34.3 12.6 11.0 8.9 8.7 8.9 9.0 22.6 24.0 7

 8 Multifamily residential 5.0 5.2 4.3 2.3 2.1 2.1 2.0 1.9 1.8 1.8 1.7 8

 9 Commercial 27.1 37.3 37.7 33.4 33.3 34.0 33.2 31.2 31.9 34.5 32.4 9

10 Miscellaneous assets 59.7 55.4 54.6 46.1 48.6 54.5 58.8 53.5 59.6 63.3 66.0 10

11 Total liabilities 571.8 580.5 511.6 458.8 472.4 479.6 494.9 501.7 557.4 605.3 639.3 11

12 Security RPs 97.9 91.7 79.4 90.4 88.9 94.4 102.0 120.5 160.9 187.1 210.8 12

13 Credit market instruments 411.0 421.2 367.4 317.4 318.5 316.4 325.3 321.9 333.1 352.0 358.5 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 230.6 231.3 171.0 129.8 132.9 131.8 139.1 129.7 141.3 156.2 156.9 15

16 Bank loans n.e.c. 28.4 33.2 32.8 20.7 18.5 17.0 17.9 18.5 16.2 15.6 20.4 16

17 Mortgages 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 175.6 180.2 181.2 17

18 Miscellaneous liabilities 63.0 67.6 64.9 51.1 65.0 68.9 67.6 59.3 63.4 66.2 69.9 18

 Memo:

19 Securitized assets included above 110.0 92.1 45.4 20.1 23.5 22.5 21.9 15.5 16.2 15.9 16.8 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 0.0 0.0 20

21 Home mortgages 92.7 72.4 31.8 6.1 7.4 7.4 7.2 7.2 7.3 7.4 8.6 21

22 Multifamily residential mortgages 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 22

23 Commercial mortgages 17.0 19.3 13.2 13.7 15.7 14.7 14.3 8.0 8.5 8.1 7.8 23
84 Z.1, December 8, 2011

L.129 Security Brokers and Dealers

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2741.7 3092.0 2217.2 2084.2 2092.0 1977.9 2025.7 2075.1 2101.8 2128.3 1978.9 1

 2 Checkable deposits and currency 80.5 105.0 120.1 90.7 90.2 86.1 89.5 96.9 92.1 108.4 115.2 2

 3 Credit market instruments 583.4 803.1 717.4 525.3 544.9 529.1 539.7 557.5 556.8 549.6 516.5 3

 4 Open market paper 64.3 87.1 65.7 41.5 38.5 33.1 34.2 36.2 39.6 42.2 40.7 4

 5 Treasury securities -67.0 -60.0 190.6 123.0 123.6 87.1 73.8 94.5 78.6 56.6 85.3 5

 6 Agency- and GSE-backed securities 138.0 290.2 242.6 110.9 127.5 161.9 173.5 149.8 153.2 174.7 166.7 6

 7 Municipal securities 50.9 50.1 38.7 35.4 40.3 35.0 39.2 40.0 37.0 40.6 36.6 7

 8 Corporate and foreign bonds 355.5 382.8 123.8 154.4 162.8 161.9 170.3 189.5 201.5 188.8 140.9 8

 9 Other loans and advances 41.7 52.8 55.9 60.1 52.1 50.1 48.7 47.4 46.9 46.7 46.2 9

10 Corporate equities 186.4 224.8 109.2 124.2 112.4 98.4 100.6 117.2 131.7 131.3 96.3 10

11 Security credit 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 11

12 Miscellaneous assets 1599.4 1633.7 1105.7 1141.0 1148.1 1047.3 1062.2 1025.3 1005.5 1026.2 999.0 12

13 Total liabilities 2669.1 3019.4 2158.1 1987.8 1989.7 1875.1 1935.8 1990.2 2014.1 2043.8 1895.9 13

14 Security RPs (net) 1071.8 1147.3 586.9 470.9 440.0 340.9 361.1 404.7 427.1 387.9 174.2 14

15 Credit market instruments 68.8 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 15

16 Corporate bonds 68.8 64.8 97.1 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 16

17 Bank loans n.e.c. (1) 0.0 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 48.3 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.3 16.3 18

19 Security credit 957.8 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1011.0 1133.5 19

20 Customer credit balances (HH) 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 20

21 From U.S.-chartered commercial banks 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 187.0 21

22 From foreign banking offices in U.S. 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 141.6 22

23 Taxes payable 2.8 2.2 2.5 5.7 4.4 4.4 6.4 3.6 4.2 4.3 3.7 23

24 Miscellaneous liabilities 519.5 558.4 441.4 460.1 478.5 447.8 477.1 497.5 493.7 511.1 469.0 24

25 Foreign direct investment in U.S. 61.0 62.6 72.1 74.5 75.7 76.9 87.7 103.0 104.7 109.2 104.1 25

26 Due to affiliates 596.5 560.4 626.1 1158.5 1181.5 1175.8 1214.2 1142.8 1163.6 1130.7 1112.4 26

27 Other -137.9 -64.6 -256.8 -773.0 -778.6 -804.8 -824.9 -748.2 -774.6 -728.8 -747.4 27

(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; amounts outstanding end of period, not seasonally adjusted

 1 Total financial assets 1475.5 1859.1 2866.5 2413.5 2290.9 2241.0 2253.5 2301.0 2205.4 2181.1 2196.6 1

 2 Money market fund shares 463.0 791.6 1065.3 891.1 762.9 700.7 702.1 714.8 686.0 667.1 635.2 2

 3 Security RPs 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3

 4 Credit market instruments 378.7 316.0 1007.7 770.9 790.8 849.3 817.2 879.9 811.8 800.8 867.1 4

 5 Open market paper 304.2 125.2 304.6 37.8 58.4 98.1 91.5 98.4 76.7 82.0 114.4 5

 6 Corporate and foreign bonds 60.4 170.0 667.3 710.2 711.4 730.4 704.9 760.1 716.5 700.4 734.5 6

 7 Other loans and advances 14.1 20.8 35.9 22.9 21.0 20.8 20.8 21.4 18.7 18.4 18.3 7

 8 Corporate equities (2) 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 8

 9 Miscellaneous assets 633.9 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 694.2 9

10 Investment in foreign banking offices 197.3 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 140.1 10

11 Investment in brokers and dealers 436.5 510.5 516.9 523.2 522.5 514.8 531.0 508.2 518.5 539.7 554.1 11

12 Total liabilities 1475.5 1859.1 2866.5 2413.5 2290.9 2241.0 2253.5 2301.0 2205.4 2181.1 2196.6 12

13 Credit market instruments 645.3 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 726.1 13

14 Open market paper 278.3 367.9 388.0 261.7 222.9 193.0 204.8 214.3 216.0 194.4 174.8 14

15 Corporate bonds 367.0 418.5 419.9 457.8 466.8 466.6 479.8 454.6 464.5 491.1 510.4 15

16 Bank loans n.e.c. (3) 0.0 0.0 444.9 95.3 90.2 85.0 76.3 73.4 49.9 42.5 31.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 2.0 4.7 7.8 8.3 9.2 9.3 9.7 9.8 17

18 Miscellaneous liabilities 830.2 1072.7 1613.7 1596.7 1506.4 1488.6 1484.3 1549.5 1465.6 1443.4 1470.5 18

19 Foreign direct investment in U.S. 9.0 9.6 10.2 10.8 11.0 11.1 11.3 11.4 11.6 11.7 11.9 19

20 Securities loaned (net) 1242.3 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.5 727.8 726.7 20

21 Equity interest under PPIP 0.0 0.0 0.0 1.8 4.2 6.2 7.1 7.7 7.8 8.3 8.7 21

22 Other (net) -421.1 -177.2 716.5 727.3 642.0 705.8 692.5 797.1 736.7 695.7 723.3 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.
Z.1, December 8, 2011 85

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 62.2 67.3 74.2 175.1 170.1 165.7 177.0 175.8 184.3 189.3 186.4 1

 2 Federal government: SDR allocations 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 2

 3 Rest of the world 54.9 59.5 66.6 119.7 116.5 113.5 122.1 121.4 128.3 132.8 131.3 3

 4 SDR holdings 8.9 9.5 9.3 57.8 56.0 54.6 57.4 56.8 56.5 57.2 55.9 4

 5 Reserve position in IMF (net) 5.0 4.2 7.7 11.4 11.6 11.4 12.9 12.5 19.3 21.7 22.7 5

 6 Foreign currency holdings 40.9 45.8 49.6 50.5 48.9 47.6 51.7 52.1 52.4 53.8 52.8 6

 7 Total assets 73.3 78.3 85.2 186.1 181.1 176.7 188.1 186.8 195.3 200.4 197.5 7

 8 Federal government 34.5 36.4 41.9 94.6 92.2 89.8 96.3 95.4 102.1 105.9 105.0 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 8.9 9.5 9.3 57.8 56.0 54.6 57.4 56.8 56.5 57.2 55.9 10

11 Reserve position in IMF (net) 5.2 4.4 7.8 11.5 11.7 11.5 13.1 12.6 19.5 21.9 22.8 11

12 Foreign currency holdings 20.5 22.5 24.8 25.2 24.4 23.8 25.8 26.0 26.1 26.8 26.3 12

13 Rest of the world: SDR allocations 7.4 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 13

14 Monetary authority 31.4 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 37.4 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.1 16

17 Foreign currency holdings 20.5 23.3 24.8 25.3 24.5 23.8 25.9 26.1 26.3 27.0 26.5 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

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

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

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 28.1 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 25.9 3

 4 Asset: Monetary authority 38.2 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 44.1 4

 5 Discrepancy (seigniorage) -10.1 -11.3 -12.1 -16.5 -16.5 -17.0 -17.5 -17.6 -17.9 -18.0 -18.2 5

L.202 U.S. Deposits in Foreign Countries

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

 1 Total rest of the world liability 1085.0 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 949.7 945.1 1

 Held by:

 2 Household sector 65.2 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 57.0 56.8 2

 3 Nonfinancial corporate business 49.3 50.3 24.7 31.5 38.6 49.4 59.8 72.0 79.0 84.2 89.4 3

 4 Money market mutual funds 84.1 127.3 129.3 97.1 92.5 92.5 104.2 105.9 107.5 112.2 86.7 4

 5 Discrepancy--unallocated assets 886.3 1082.9 735.8 661.4 660.1 684.8 670.6 679.6 713.7 696.2 712.2 5
86 Z.1, December 8, 2011

L.203 Net Interbank Transactions

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 186.1 88.6 1890.5 1281.5 1194.1 1139.4 1029.3 1091.6 1755.4 1871.9 1929.6 1

 2 Monetary authority 70.4 75.8 917.7 1031.9 1105.7 1027.3 985.1 1020.8 1460.3 1651.4 1648.1 2

 3 U.S.-chartered commercial banks 363.0 502.0 1291.0 672.2 441.5 442.9 422.7 420.9 421.6 251.2 166.0 3

 4 Foreign banking offices in U.S. -213.0 -404.1 -163.7 -322.5 -257.5 -251.1 -305.9 -274.4 -53.5 5.0 155.6 4

 5 Bank holding companies -34.2 -85.1 -154.6 -100.0 -95.6 -79.7 -72.6 -75.7 -73.0 -35.7 -40.1 5

 6 Net change in assets 166.8 67.5 1838.9 1195.4 1135.2 1065.4 959.8 1029.8 1680.1 1788.6 1825.0 6

 7 Rest of the world 96.7 -56.9 362.9 69.0 19.6 39.4 -24.0 10.2 221.1 138.0 177.5 7

 8 Monetary authority -0.3 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 -0.7 8

 9 U.S.-chartered commercial banks 67.8 72.2 635.1 679.5 684.0 651.6 588.5 588.4 708.1 872.9 781.4 9

10 Foreign banking offices in U.S. 0.6 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 677.5 762.5 10

11 Savings institutions 2.0 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 62.5 11

12 Credit unions 0.0 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 41.8 12

13 Discrepancy 19.3 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 83.3 104.6 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 51.7 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.4 50.6 14

15 Asset: U.S.-chartered commercial banks 51.7 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.4 50.6 15

 Depository institution reserves:

16 Liab.: Monetary authority 18.7 20.8 860.0 977.0 1053.9 973.5 934.6 968.1 1407.0 1595.9 1597.5 16

17 Asset: U.S.-chartered commercial banks 16.1 17.2 577.4 624.6 632.2 597.8 537.9 535.7 654.8 817.4 730.8 17

18 Foreign banking offices in U.S. 0.6 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 677.5 762.5 18

19 Savings institutions 2.0 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 62.5 19

20 Credit unions 0.0 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 41.8 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks -0.3 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 -0.7 21

22 Federal Reserve float -0.3 -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 -0.8 22

23 Loans to member banks 0.1 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 0.1 23

24 Asset: Monetary authority -0.3 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 -0.7 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 432.3 496.2 668.8 559.6 469.5 461.0 466.7 476.2 452.1 366.0 270.6 25

26 Due to foreign affiliates 586.4 650.7 782.2 760.8 762.5 780.5 781.3 783.5 772.5 659.0 657.4 26

27 - Due from foreign affiliates 154.2 154.5 113.3 201.3 292.9 319.5 314.6 307.3 320.4 293.0 386.8 27

28 Foreign banking offices in U.S. (net) -255.2 -424.0 -179.6 -350.9 -298.0 -299.8 -349.1 -306.9 -84.1 -18.5 127.3 28

29 Due to foreign affiliates 524.5 529.0 536.4 538.9 577.5 576.5 600.1 635.6 768.4 748.3 770.9 29

30 - Due from foreign affiliates 779.7 953.0 716.1 889.8 875.5 876.3 949.2 942.5 852.5 766.8 643.7 30

31 Bank holding companies (net) -68.4 -110.6 -101.5 -125.1 -132.9 -98.9 -118.3 -135.6 -121.9 -186.2 -195.9 31

32 Due to foreign affiliates 19.7 51.6 143.6 127.9 119.5 138.1 122.0 120.4 139.7 93.8 94.3 32

33 - Due from foreign affiliates 88.1 162.2 245.1 253.0 252.3 237.0 240.3 256.0 261.6 280.1 290.2 33

34 Less: Deposits at foreign banks 12.0 18.6 24.7 14.6 19.1 22.9 23.3 23.4 25.0 23.3 24.5 34

35 U.S.-chartered commercial banks 11.9 17.9 24.5 9.3 11.6 15.3 13.4 14.9 14.9 14.7 15.3 35

36 Foreign banking offices in U.S. 0.1 0.7 0.3 5.4 7.5 7.6 9.9 8.5 10.1 8.6 9.2 36

37 Asset: Rest of the world (1) 96.7 -56.9 362.9 69.0 19.6 39.4 -24.0 10.2 221.1 138.0 177.5 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) -57.1 -24.9 88.5 27.4 -26.4 -1.5 -29.4 -39.2 -14.2 -99.4 -88.7 38

39 Due to (3): 118.7 135.1 118.2 141.0 111.1 122.6 120.5 113.7 138.2 145.2 164.6 39

40 Foreign banking offices in U.S. 97.8 113.2 65.8 43.6 40.1 41.6 42.9 41.9 51.4 47.9 45.6 40

41 Bank holding companies 1.6 0.8 0.7 11.2 12.1 7.0 8.2 10.0 11.5 14.0 14.3 41

42 - Due from: 175.8 160.1 29.8 113.6 137.5 124.1 149.9 152.9 152.4 244.6 253.2 42

43 Foreign banking offices in U.S. 140.0 133.7 82.1 77.4 88.1 97.9 96.0 82.9 92.0 80.0 83.1 43

44 Bank holding companies 35.8 26.4 -52.3 36.3 49.4 26.3 53.9 69.9 60.4 164.6 170.2 44

45 Unallocated (2) 19.3 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 83.3 104.6 45

(1) Sum of lines 25, 28, and 31 less line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 45), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, and 45.
Z.1, December 8, 2011 87

L.204 Checkable Deposits and Currency

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2404.2 1

 2 Monetary authority 774.3 792.1 1220.3 1102.7 1120.5 1207.8 1218.8 1287.8 1078.7 1116.4 1090.8 2

 3 Federal government cash and deposits 5.0 16.4 365.7 191.9 216.7 287.8 308.1 340.9 116.4 135.3 56.4 3

 4 Due to government-sponsored enterprises 0.8 1.7 21.1 35.1 19.3 27.4 4.0 13.5 10.2 7.3 44.8 4

 5 Deposits due to foreign 0.1 0.1 1.4 2.4 1.7 1.2 2.5 3.4 0.1 0.4 2.6 5

 6 Currency outside banks 768.5 773.9 832.2 873.3 882.8 891.3 904.2 930.0 952.0 973.5 986.9 6

 7 U.S.-chartered commercial banks 551.2 560.2 700.9 781.9 735.4 754.7 750.1 852.2 887.5 971.3 1063.2 7

 8 Federal government deposits 28.0 42.9 3.5 3.8 4.1 3.2 3.6 3.6 3.6 3.7 3.0 8

 9 Deposits due to foreign 26.8 31.7 62.9 34.3 35.3 37.1 32.1 30.4 41.9 41.4 45.6 9

10 Private domestic deposits 496.4 485.5 634.6 743.8 696.0 714.4 714.3 818.1 841.9 926.2 1014.6 10

11 Foreign banking offices in U.S. 9.3 11.8 13.5 16.1 16.4 16.4 18.5 21.9 20.7 23.2 38.1 11

12 Deposits due to foreign 2.1 2.3 4.7 10.5 10.9 10.5 11.9 14.6 13.2 15.3 17.8 12

13 Private domestic deposits 7.2 9.5 8.8 5.6 5.5 5.9 6.6 7.3 7.6 7.9 20.4 13

14 Banks in U.S.-affiliated areas 14.0 15.7 14.6 16.1 16.2 16.7 16.9 16.6 17.1 18.1 18.0 14

15 Savings institutions 85.9 79.4 76.6 89.7 90.1 89.2 88.4 88.9 90.5 88.5 91.7 15

16 Credit unions 72.6 73.7 75.3 86.9 88.5 88.2 88.5 92.4 98.7 97.1 102.3 16

17 Total assets 1507.3 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2404.2 17

18 Household sector 173.1 90.3 292.0 330.3 237.6 198.4 156.4 185.6 161.8 164.0 230.1 18

19 Nonfinancial business 604.5 662.9 558.0 705.8 770.4 811.6 870.1 963.3 1020.6 1078.1 1136.5 19

20 Corporate 150.9 141.9 32.7 159.6 233.0 281.0 344.3 438.2 495.1 551.6 608.0 20

21 Nonfarm noncorporate 428.6 494.3 497.6 517.7 508.7 501.9 497.0 496.2 496.1 496.5 498.0 21

22 Farm 25.0 26.8 27.7 28.6 28.7 28.7 28.8 28.9 29.4 30.0 30.6 22

23 State and local governments 61.9 57.1 65.6 84.9 81.0 81.8 81.4 91.5 90.0 95.4 94.7 23

24 Federal government 32.9 56.5 368.0 193.6 219.5 291.6 310.2 342.1 117.5 135.5 57.6 24

25 Rest of the world 311.6 306.1 370.1 361.0 363.9 367.0 375.2 390.5 409.9 425.7 444.3 25

26 Checkable deposits 28.9 34.2 69.0 47.2 47.8 48.8 46.6 48.4 55.3 57.1 66.0 26

27 Currency 282.6 272.0 301.1 313.8 316.0 318.1 328.7 342.1 354.7 368.7 378.3 27

28 Financial sectors 315.8 350.0 441.0 411.6 390.2 419.8 382.9 381.1 387.6 408.9 435.4 28

29 Banks in U.S.-affiliated areas 2.9 2.6 3.2 4.2 3.9 5.4 5.3 3.3 4.1 4.4 4.9 29

30 Savings institutions 20.4 20.0 8.7 4.5 0.8 5.2 7.7 2.2 3.6 4.9 1.6 30

31 Credit unions 44.4 43.3 37.6 39.1 37.2 39.9 36.8 32.8 28.2 29.8 44.6 31

32 Property-casualty insurance companies 29.9 42.7 27.9 27.6 28.3 37.1 39.3 32.6 33.8 35.6 25.7 32

33 Life insurance companies 56.1 58.3 82.8 50.7 47.7 57.8 59.5 51.7 47.3 48.7 58.9 33

34 Private pension funds 11.2 11.8 12.3 16.4 18.9 21.9 24.6 28.0 31.3 34.6 37.7 34

35 State and local govt. retirement funds 13.1 17.9 17.8 17.7 17.8 17.5 17.2 17.3 18.1 17.9 18.9 35

36 Money market mutual funds 6.7 1.9 7.5 17.9 5.3 7.7 15.5 14.2 14.0 20.7 18.8 36

37 Government-sponsored enterprises 16.4 13.7 88.3 99.4 99.0 99.1 47.3 63.4 70.4 62.3 63.7 37

38 Finance companies 15.8 16.2 16.5 17.0 15.9 16.1 15.5 15.3 15.7 15.8 16.3 38

39 REITs 18.4 16.6 18.4 26.3 25.2 26.0 24.6 23.5 29.0 25.8 29.3 39

40 Brokers and dealers 80.5 105.0 120.1 90.7 90.2 86.1 89.5 96.9 92.1 108.4 115.2 40

41 Mail float 7.5 10.0 6.4 6.3 4.7 2.8 5.0 5.7 5.9 7.0 5.6 41
88 Z.1, December 8, 2011

L.205 Time and Savings Deposits 

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 6995.8 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.0 8725.3 1

 2 Small time and savings deposits 4945.1 5224.5 5749.3 6326.5 6459.4 6443.4 6539.7 6624.9 6741.5 6898.8 7067.0 2

 3 U.S.-chartered commercial banks 3770.9 4025.9 4566.2 4949.1 5056.5 5047.9 5128.1 5225.9 5303.9 5469.5 5629.1 3

 4 Foreign banking offices in U.S. 18.6 25.5 25.6 29.9 30.2 31.6 50.8 35.7 42.6 47.4 50.9 4

 5 Banks in U.S.-affiliated areas 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 5

 6 Savings institutions 647.5 638.1 578.5 667.9 674.8 665.9 661.9 662.7 676.2 661.2 663.7 6

 7 Credit unions 483.0 508.7 551.7 655.1 673.7 678.4 679.3 681.3 699.4 701.4 704.1 7

 8 Large time deposits (1) 2050.8 2382.2 2191.6 1989.8 1887.8 1799.3 1836.9 1807.5 1811.8 1815.3 1658.3 8

 9 U.S.-chartered commercial banks 968.0 991.1 1015.6 841.7 789.9 770.5 749.9 691.6 663.0 656.6 631.3 9

10 Foreign banking offices in U.S. 634.5 907.9 784.7 958.6 904.7 836.6 886.5 909.0 937.1 945.4 804.7 10

11 Banks in U.S.-affiliated areas 25.2 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 11

12 Savings institutions 358.0 387.1 293.5 137.7 140.7 144.2 151.3 157.6 161.2 162.9 170.7 12

13 Credit unions 65.0 69.9 70.4 27.3 28.2 28.4 29.4 30.1 31.2 31.3 32.4 13

14 Total assets 6995.8 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.0 8725.3 14

15 Household sector 5400.4 5888.5 6082.8 6190.0 6322.1 6324.8 6384.7 6420.6 6465.4 6615.3 6649.0 15

16 Nonfinancial business 841.4 800.7 740.0 842.1 805.2 780.9 810.5 810.3 860.6 884.9 912.3 16

17 Corporate 497.0 441.3 381.9 488.8 458.0 438.3 471.3 471.6 522.0 546.1 572.4 17

18 Nonfarm noncorporate 344.4 359.3 358.1 353.3 347.2 342.6 339.2 338.7 338.6 338.9 339.9 18

19 State and local governments 209.6 245.9 265.1 275.9 281.9 265.1 268.7 275.5 278.8 274.4 278.9 19

20 Federal government 1.7 2.8 1.6 1.9 2.0 1.8 1.8 2.0 1.5 1.7 1.8 20

21 Rest of the world 167.4 207.6 273.1 230.0 221.6 225.3 231.2 247.7 261.9 261.3 274.9 21

22 Financial sectors 375.5 461.1 578.4 776.4 714.3 644.7 679.7 676.5 685.0 676.4 608.3 22

23 Savings institutions 6.6 9.9 8.3 15.3 19.1 18.2 17.7 15.3 21.1 19.1 22.4 23

24 Credit unions 17.0 17.0 28.3 37.8 41.0 42.6 43.1 43.4 44.3 44.7 46.8 24

25 Private pension funds 63.1 67.7 67.9 72.7 73.7 74.9 75.7 77.1 78.0 79.0 80.0 25

26 State and local govt. retirement funds 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 26

27 Money market mutual funds 206.7 270.6 355.2 573.2 510.8 436.2 473.9 468.0 469.9 462.3 397.8 27

28 Government-sponsored enterprises 33.9 46.6 68.5 25.7 21.2 23.7 22.1 26.1 23.7 23.1 11.7 28

29 Finance companies 47.4 48.6 49.4 51.0 47.6 48.4 46.6 45.9 47.2 47.4 48.9 29

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 2312.1 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 1

 2 Household sector 1120.3 1349.3 1584.8 1312.1 1196.2 1137.6 1123.6 1127.3 1097.2 1094.7 1092.8 2

 3 Nonfinancial corporate business 416.3 544.4 702.6 646.1 568.3 524.3 521.8 517.5 497.4 481.0 458.7 3

 4 Nonfarm noncorporate business 72.2 74.3 75.4 73.7 72.4 71.5 70.8 70.7 70.6 70.7 70.9 4

 5 State and local governments 72.7 79.3 77.5 81.6 85.0 84.1 85.3 86.9 88.2 87.6 86.5 5

 6 Rest of the world 27.0 46.0 69.7 79.8 80.2 80.6 81.0 81.3 81.7 82.1 82.5 6

 7 Property-casualty insurance companies 13.5 20.7 32.8 29.6 25.3 24.6 27.9 25.6 27.7 26.1 23.6 7

 8 Life insurance companies 23.3 21.6 39.2 33.7 29.8 26.5 23.6 21.0 19.7 17.9 17.0 8

 9 Private pension funds 90.1 93.5 95.7 96.4 96.4 96.4 96.3 96.3 96.2 96.2 96.1 9

10 State and local govt. retirement funds 13.8 12.4 14.3 14.3 14.4 14.2 13.9 13.9 14.7 14.5 15.2 10

11 Funding corporations 463.0 791.6 1065.3 891.1 762.9 700.7 702.1 714.8 686.0 667.1 635.2 11
Z.1, December 8, 2011 89

L.207 Federal Funds and Security Repurchase Agreements

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 2151.7 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1220.8 1062.0 1

 2 Monetary authority 29.6 44.0 88.4 77.7 57.8 67.2 63.8 59.7 62.2 70.3 84.1 2

 3 U.S.-chartered commercial banks (net) 647.5 611.4 352.4 624.0 667.3 603.7 538.6 409.5 393.0 375.6 333.2 3

 4 Foreign banking offices in U.S. (net) 239.9 226.3 130.0 170.3 195.3 216.1 231.7 223.2 224.4 212.7 265.5 4

 5 Bank holding companies (net) 0.8 0.8 0.4 -47.7 -51.4 -59.0 -67.3 -49.5 -57.6 -60.4 -51.5 5

 6 Savings institutions 41.8 17.6 17.6 53.6 53.9 50.2 49.2 47.6 38.2 37.0 35.4 6

 7 Property-casualty insurance companies 1.2 0.5 2.4 0.6 0.5 0.6 0.5 1.5 0.6 0.6 0.5 7

 8 Life insurance companies 21.2 20.2 12.9 12.4 9.2 9.8 11.0 10.3 9.5 10.0 9.7 8

 9 REITs 97.9 91.7 79.4 90.4 88.9 94.4 102.0 120.5 160.9 187.1 210.8 9

10 Brokers and dealers (net) 1071.8 1147.3 586.9 470.9 440.0 340.9 361.1 404.7 427.1 387.9 174.2 10

11 Total assets 1283.2 1531.8 1237.7 1041.5 999.3 885.2 931.3 931.7 1040.5 1014.1 899.5 11

12 Nonfinancial corporate business 15.5 8.1 7.2 7.9 9.0 9.2 6.5 12.2 12.8 12.1 11.5 12

13 State and local governments 143.0 156.1 152.6 160.6 167.3 165.5 167.9 171.2 173.6 172.4 170.2 13

14 Rest of the world (net) 364.6 338.4 114.9 31.0 -31.4 -123.1 -118.6 -98.6 -38.9 -57.2 -108.3 14

15 Monetary authority 40.8 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Savings institutions 18.3 45.6 34.7 12.0 9.5 7.8 7.0 5.4 4.5 5.5 6.8 16

17 Credit unions (net) 5.1 2.5 -2.3 0.1 0.1 0.1 0.0 0.0 0.0 18.8 10.9 17

18 Property-casualty insurance companies 1.9 3.6 4.4 4.5 8.3 6.1 5.9 3.8 3.5 2.3 2.0 18

19 Life insurance companies 2.6 2.7 8.0 10.2 11.3 11.0 11.0 10.9 9.7 8.8 10.8 19

20 Private pension funds 22.4 25.8 33.1 36.2 36.3 31.3 36.8 37.1 37.3 33.0 34.0 20

21 State and local govt. retirement funds 24.1 21.7 23.5 23.5 23.6 23.2 22.8 22.8 24.0 23.7 25.0 21

22 Money market mutual funds 394.6 605.9 542.4 479.9 438.9 462.6 493.3 479.4 439.2 457.6 479.7 22

23 Mutual funds 132.8 132.2 124.7 153.3 150.1 127.6 134.9 137.5 218.5 221.8 142.4 23

24 Government-sponsored enterprises (net) 117.4 142.7 114.5 122.1 176.4 163.8 163.8 150.0 156.3 115.1 114.3 24

25 Funding corporations 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 25

26 Discrepancy--unallocated assets 868.5 628.0 32.6 410.9 462.0 438.8 359.3 295.6 218.0 206.7 162.6 26

L.208 Open Market Paper

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

 1 Total outstanding, all types 1958.0 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 1

 2 Commercial paper 1957.5 1788.1 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 2

 3 Nonfinancial corporate business 112.5 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 3

 4 Foreign issues in U.S. 482.3 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 352.4 4

 5 Nonfinancial 27.0 29.0 49.7 34.5 34.8 33.4 29.4 30.6 35.1 41.4 34.0 5

 6 Financial 455.3 384.0 292.3 366.8 352.8 345.0 348.6 368.0 393.2 375.8 318.5 6

 7 Financial business 1362.7 1251.3 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 527.3 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 109.9 8

 9 Bank holding companies 81.7 116.7 77.7 60.8 74.0 63.7 64.4 64.7 73.6 76.9 71.7 9

10 ABS issuers 837.4 643.1 559.3 293.1 126.4 112.2 119.4 120.2 128.3 116.2 108.5 10

11 Finance companies 165.3 123.5 100.9 62.1 64.0 63.1 56.8 63.8 65.4 61.0 62.4 11

12 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Funding corporations 278.3 367.9 388.0 261.7 222.9 193.0 204.8 214.3 216.0 194.4 174.8 13

14 Bankers’ acceptances (1) 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 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 0.0 15

16 Foreign banking offices in U.S. 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Holdings, by sector 1958.0 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 17

18 Household sector 117.5 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 62.7 18

19 Nonfinancial corporate business 122.7 69.5 57.3 56.0 57.2 63.8 72.5 71.5 76.0 75.7 73.9 19

20 State and local governments 187.3 184.3 119.8 65.3 64.0 51.7 44.8 39.1 32.3 20.8 7.9 20

21 Rest of the world 286.3 278.1 232.9 191.5 194.1 187.4 192.6 192.3 200.6 194.7 189.9 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered commercial banks (1) 0.0 0.0 15.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Credit unions 1.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Property-casualty insurance companies 16.4 13.3 19.1 9.8 11.1 10.4 11.8 7.9 8.5 8.0 5.3 27

28 Life insurance companies 28.7 41.7 38.3 49.8 35.7 39.3 46.0 40.9 39.9 38.0 42.1 28

29 Private pension funds 31.7 26.9 37.2 26.7 21.7 18.2 17.1 15.0 14.8 14.5 14.2 29

30 State and local govt. retirement funds 42.8 38.4 25.9 24.0 24.1 22.7 22.3 22.4 23.5 23.2 24.4 30

31 Money market mutual funds 608.3 674.6 618.5 510.5 445.6 382.9 382.8 394.2 398.1 361.1 349.5 31

32 Mutual funds 114.5 114.1 51.6 80.2 77.4 55.9 63.3 66.3 144.0 147.2 70.2 32

33 Government-sponsored enterprises 32.4 27.7 6.8 9.7 8.6 10.4 8.6 9.9 9.5 9.3 9.2 33

34 Brokers and dealers 64.3 87.1 65.7 41.5 38.5 33.1 34.2 36.2 39.6 42.2 40.7 34

35 Funding corporations 304.2 125.2 304.6 37.8 58.4 98.1 91.5 98.4 76.7 82.0 114.4 35

(1) Excludes banks’ holdings of own acceptances.
90 Z.1, December 8, 2011

L.209 Treasury Securities

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 1

 2 Savings bonds 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 2

 3 Treasury bills 940.8 999.5 1861.2 1787.9 1838.0 1777.0 1783.7 1768.9 1694.7 1529.4 1475.6 3

 4 Other Treasury securities 3718.6 3903.3 4283.0 5802.8 6231.4 6637.2 7021.4 7404.7 7739.9 7998.7 8442.0 4

 5 Total assets 4861.7 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 5

 6 Household sector 399.6 264.6 256.5 815.5 972.5 1157.2 1180.8 1115.9 1019.1 849.7 938.3 6

 7 Savings bonds 202.4 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 7

 8 Bills and other Treasury securities 197.2 68.3 62.6 624.3 782.3 967.6 992.1 928.0 832.3 663.7 753.2 8

 9 Nonfinancial corporate business 45.5 38.3 30.5 43.0 49.7 52.2 53.4 43.4 42.8 50.2 50.0 9

10 Nonfarm noncorporate business 56.3 59.3 51.8 46.1 45.3 44.7 44.3 44.2 44.2 44.3 44.4 10

11 State and local governments 506.8 525.1 475.1 493.9 499.9 504.8 498.1 503.6 496.8 479.3 460.8 11

12 Rest of the world 2126.2 2376.4 3253.0 3671.4 3852.9 3966.7 4216.4 4385.3 4422.3 4437.8 4578.1 12

13 Monetary authority 778.9 740.6 475.9 776.6 776.7 777.0 811.7 1021.5 1340.4 1619.5 1664.7 13

14 U.S.-chartered commercial banks 61.9 73.0 53.4 117.7 181.6 181.2 220.2 211.6 210.0 177.7 187.0 14

15 Foreign banking offices in U.S. 26.8 30.4 35.5 57.5 58.0 54.7 67.5 60.9 66.1 63.6 58.1 15

16 Bank holding companies 2.5 7.1 3.1 5.8 5.8 5.0 17.2 19.6 16.1 9.0 20.4 16

17 Banks in U.S.-affiliated areas 3.7 1.8 1.2 0.5 0.9 1.3 1.1 1.1 1.1 1.6 0.9 17

18 Savings institutions 12.5 7.0 3.0 6.8 7.1 6.7 6.0 5.9 6.0 5.6 4.7 18

19 Credit unions 7.4 10.4 8.8 14.2 15.9 17.2 10.8 20.0 21.8 21.9 21.0 19

20 Property-casualty insurance companies 110.0 71.3 65.6 88.5 87.1 87.7 90.4 91.7 93.3 92.0 90.9 20

21 Life insurance companies 87.9 70.6 105.7 133.5 138.6 144.2 150.2 156.6 153.6 154.1 162.8 21

22 Private pension funds 130.8 169.5 184.9 310.7 341.6 407.4 466.9 486.7 500.0 522.3 545.7 22

23 State and local govt. retirement funds 156.2 141.6 146.4 174.5 179.1 182.0 185.5 185.6 187.9 186.9 188.7 23

24 Federal government retirement funds 76.7 88.0 112.3 119.1 120.6 124.5 128.2 129.2 132.9 136.3 144.0 24

25 Money market mutual funds 82.7 178.1 577.7 406.4 371.5 348.9 308.1 335.4 337.7 341.5 373.5 25

26 Mutual funds 160.7 179.2 187.9 255.5 269.9 278.3 294.3 297.4 298.2 306.4 320.7 26

27 Closed-end funds 7.4 5.6 3.2 4.3 5.0 4.8 5.0 5.1 5.2 5.2 4.8 27

28 Exchange-traded funds 13.1 19.7 27.0 41.7 46.3 51.9 51.7 51.0 52.8 56.7 61.1 28

29 Government-sponsored enterprises 14.2 15.5 16.8 21.9 60.1 72.2 69.5 55.2 58.5 63.3 68.5 29

30 ABS issuers 61.1 85.8 72.2 53.9 49.7 46.2 42.6 40.1 35.9 32.6 28.3 30

31 Brokers and dealers -67.0 -60.0 190.6 123.0 123.6 87.1 73.8 94.5 78.6 56.6 85.3 31

 Memo:

32 Federal government debt (1) 4885.3 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
Z.1, December 8, 2011 91

L.210 Agency- and GSE-Backed Securities (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 6492.4 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 7585.0 1

 2 Budget agencies 23.5 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 25.0 2

 3 Government-sponsored enterprises 2627.8 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 3

 4 Agency- and GSE-backed mortgage pools 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 4

 5 Total assets 6492.4 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 7585.0 5

 6 Household sector 439.9 684.7 729.9 134.1 103.2 144.4 177.8 215.4 301.4 271.8 230.9 6

 7 Nonfinancial corporate business 15.2 12.8 10.2 14.3 16.6 17.4 17.8 14.5 14.3 16.7 16.7 7

 8 State and local governments 407.0 444.0 434.1 417.0 430.9 420.9 422.7 427.0 429.0 420.6 409.3 8

 9 Federal government 0.0 0.0 54.4 196.4 186.4 175.3 164.4 149.2 138.4 103.7 70.6 9

10 Rest of the world 1263.6 1582.4 1406.9 1154.8 1116.5 1128.0 1096.1 1077.3 1054.6 1031.4 1042.7 10

11 Monetary authority 0.0 0.0 19.7 1068.3 1237.7 1282.9 1232.6 1139.6 1069.7 1025.6 979.2 11

12 U.S.-chartered commercial banks 1040.3 928.9 1068.7 1224.0 1219.3 1213.1 1259.8 1310.8 1341.9 1340.0 1360.0 12

13 Foreign banking offices in U.S. 55.1 57.1 50.6 31.3 30.8 30.0 29.5 26.5 31.4 30.6 32.2 13

14 Bank holding companies 11.2 9.9 25.8 24.3 22.6 22.1 30.1 21.1 22.2 31.5 43.2 14

15 Banks in U.S.-affiliated areas 29.0 26.3 24.4 20.5 18.4 16.2 13.0 12.8 6.9 6.0 5.4 15

16 Savings institutions 177.0 177.4 173.8 193.4 202.6 199.8 203.8 216.4 219.9 219.6 216.6 16

17 Credit unions 72.5 68.4 82.9 110.8 123.5 133.6 136.3 151.6 166.6 170.9 173.9 17

18 Property-casualty insurance companies 122.0 125.8 114.3 116.2 116.1 116.0 115.9 115.8 116.2 115.7 116.3 18

19 Life insurance companies 377.4 382.9 366.2 371.9 372.8 373.8 374.8 376.0 386.1 389.7 395.0 19

20 Private pension funds 268.6 296.8 318.1 269.1 259.6 210.9 170.2 170.9 165.3 162.4 159.5 20

21 State and local govt. retirement funds 307.8 331.1 337.5 306.9 301.0 292.3 285.1 285.2 288.7 287.2 290.0 21

22 Federal government retirement funds 4.7 5.0 5.1 5.6 5.8 6.0 6.6 6.3 6.2 6.5 6.8 22

23 Money market mutual funds 131.4 235.9 756.2 543.0 465.5 450.4 414.8 402.8 373.4 359.4 384.1 23

24 Mutual funds 499.1 565.4 592.7 639.1 684.3 710.7 760.8 791.1 793.4 819.1 863.9 24

25 Government-sponsored enterprises 714.0 702.9 910.0 924.5 417.0 387.7 375.1 377.0 373.9 368.2 368.1 25

26 ABS issuers 353.3 380.9 353.1 125.2 90.0 53.3 28.7 17.7 5.3 9.4 15.0 26

27 REITs 65.4 88.9 89.6 105.1 109.1 114.7 128.7 143.3 190.7 216.9 239.1 27

28 Brokers and dealers 138.0 290.2 242.6 110.9 127.5 161.9 173.5 149.8 153.2 174.7 166.7 28

(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 31.
92 Z.1, December 8, 2011

L.211 Municipal Securities and Loans

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 3212.2 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 1

 2 State and local governments 2709.7 2855.9 2875.0 2985.7 3008.6 3000.2 3003.5 3051.1 3031.2 2998.3 2987.2 2

 3 Short-term (1) 34.3 51.2 55.9 63.6 63.7 47.3 52.0 63.0 60.1 37.6 48.0 3

 4 Long-term 2675.4 2804.7 2819.2 2922.1 2945.0 2952.9 2951.5 2988.1 2971.0 2960.7 2939.2 4

 5 Nonprofit organizations (2) 230.1 250.7 258.7 264.6 265.7 263.5 260.8 262.3 261.9 260.7 256.1 5

 6 Nonfinancial corporate business 272.4 341.5 409.7 447.5 456.4 466.9 470.3 482.3 485.4 491.4 490.3 6

 (industrial revenue bonds)

 7 Total assets 3212.2 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 7

 8 Household sector 1681.4 1725.4 1767.2 1898.5 1932.5 1936.7 1917.6 1957.6 1959.2 1929.8 1904.1 8

 9 Nonfinancial corporate business 28.1 29.2 26.2 27.1 23.2 20.1 21.3 20.8 20.2 20.0 19.7 9

10 Nonfarm noncorporate business 5.8 5.3 4.9 5.1 5.0 4.9 4.9 4.9 4.9 4.9 4.9 10

11 State and local governments 5.1 5.5 5.4 5.7 5.9 5.9 6.0 6.1 6.2 6.1 6.0 11

12 Rest of the world 34.4 45.1 50.5 57.0 61.0 65.0 69.0 73.0 75.2 77.2 78.5 12

13 U.S.-chartered commercial banks 178.9 190.9 214.1 215.1 216.2 218.4 226.4 243.5 249.0 256.2 272.8 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 1.3 2.0 2.5 3.5 3.1 2.0 2.7 2.5 2.8 2.5 2.8 15

16 Savings institutions 11.2 11.0 7.8 9.2 9.6 10.1 10.2 11.1 10.9 11.1 11.1 16

17 Property-casualty insurance companies 335.2 371.3 381.9 369.4 364.0 358.7 353.5 348.4 349.7 348.2 349.9 17

18 Life insurance companies 36.6 41.4 47.1 73.1 81.3 90.5 100.8 112.3 115.1 116.1 117.7 18

19 State and local govt. retirement funds 3.3 2.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.5 19

20 Money market mutual funds 370.3 471.0 494.6 401.3 370.0 352.0 333.0 334.4 320.7 305.8 292.0 20

21 Mutual funds 344.4 372.2 389.6 480.2 501.5 514.2 532.8 526.6 515.1 520.1 527.7 21

22 Closed-end funds 89.4 91.3 77.9 80.9 81.1 81.3 81.7 80.3 79.6 79.6 78.5 22

23 Exchange-traded funds 0.0 0.6 2.3 5.9 6.5 7.3 7.8 7.6 7.5 7.7 7.8 23

24 Government-sponsored enterprises 36.1 33.3 31.3 29.1 28.0 27.2 26.2 24.9 23.8 22.9 22.0 24

25 Brokers and dealers 50.9 50.1 38.7 35.4 40.3 35.0 39.2 40.0 37.0 40.6 36.6 25

(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).
Z.1, December 8, 2011 93

L.212 Corporate and Foreign Bonds

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 9986.8 11435.1 11012.5 11431.9 11390.3 11291.9 11381.0 11472.5 11472.1 11502.9 11518.3 1

 2 Nonfinancial corporate business 3246.7 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.3 4770.1 4843.5 2

 3 Rest of the world (1) 1275.5 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.7 1755.4 3

 4 Financial sectors 5464.6 6290.1 6012.8 5721.9 5536.4 5380.2 5319.3 5175.0 5065.5 4981.2 4919.4 4

 5 U.S.-chartered commercial banks 149.2 174.4 182.4 174.1 417.3 415.0 421.7 434.1 431.3 430.5 427.2 5

 6 Bank holding companies 421.5 516.0 638.9 1028.7 996.7 977.3 1027.8 982.2 984.4 934.3 912.7 6

 7 Savings institutions 10.7 10.4 2.4 2.3 3.2 3.0 2.8 2.7 2.2 2.2 2.2 7

 8 ABS issuers (net) (3) 3367.1 3900.7 3576.6 2998.9 2569.1 2450.9 2329.1 2223.4 2117.6 2075.5 2022.6 8

 9 Finance companies 849.7 974.1 924.5 837.5 858.2 834.6 823.0 818.7 796.0 781.3 788.3 9

10 REITs 230.6 231.3 171.0 129.8 132.9 131.8 139.1 129.7 141.3 156.2 156.9 10

11 Brokers and dealers 68.8 64.8 97.1 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 11

12 Funding corporations 367.0 418.5 419.9 457.8 466.8 466.6 479.8 454.6 464.5 491.1 510.4 12

13 Total assets 9986.8 11435.1 11012.5 11431.9 11390.3 11291.9 11381.0 11472.5 11472.1 11502.9 11518.3 13

14 Household sector 1568.2 2021.9 1960.4 2080.4 2009.3 1891.2 1789.9 1847.7 1805.7 1809.6 1751.5 14

15 State and local governments 129.0 140.7 137.5 144.8 150.8 149.2 151.3 154.3 156.5 155.5 153.4 15

16 Federal government 0.0 0.0 0.0 0.6 0.6 0.7 0.8 0.9 0.9 0.9 0.8 16

17 Rest of the world (2) 2320.5 2719.1 2354.0 2467.0 2441.9 2415.7 2423.3 2487.4 2479.8 2461.9 2453.7 17

18 U.S.-chartered commercial banks 470.7 572.4 542.0 582.6 523.2 499.5 499.3 474.9 461.1 456.2 476.2 18

19 Foreign banking offices in U.S. 292.5 369.5 401.6 244.9 236.6 252.4 362.5 233.9 220.6 229.5 255.2 19

20 Bank holding companies 16.7 35.9 35.8 31.1 33.6 17.4 42.2 38.3 40.5 40.6 22.0 20

21 Banks in U.S.-affiliated areas 0.4 0.5 0.5 2.0 1.4 0.5 0.5 0.6 5.9 5.2 4.5 21

22 Savings institutions 92.7 142.2 108.5 84.5 81.1 80.9 76.1 73.9 70.9 68.9 68.3 22

23 Credit unions 30.6 34.6 25.7 18.6 18.5 18.4 11.5 3.7 3.7 3.8 3.6 23

24 Property-casualty insurance companies 277.0 282.9 267.5 298.3 304.2 310.2 316.4 322.6 323.8 322.5 324.1 24

25 Life insurance companies 1819.5 1862.6 1817.0 1927.2 1952.8 1978.0 2003.5 2030.2 2062.1 2080.5 2109.3 25

26 Private pension funds 317.6 357.4 400.1 442.9 452.5 462.1 469.2 483.5 496.3 504.1 512.7 26

27 State and local govt. retirement funds 283.4 297.0 312.9 308.6 308.7 311.5 311.9 312.4 314.1 312.4 320.9 27

28 Federal government retirement funds 2.9 3.0 2.9 3.0 3.0 3.1 3.5 3.2 3.1 3.2 3.4 28

29 Money market mutual funds 368.3 376.8 228.0 169.9 176.0 169.1 160.8 154.2 153.7 153.2 128.1 29

30 Mutual funds 767.0 889.9 959.9 1126.8 1178.1 1200.9 1244.0 1275.4 1321.6 1378.0 1420.7 30

31 Closed-end funds 75.1 74.0 48.7 54.0 55.6 53.6 55.3 58.1 60.7 60.1 57.7 31

32 Exchange-traded funds 7.6 13.8 27.7 55.3 60.4 65.5 73.9 74.0 79.8 86.5 95.0 32

33 Government-sponsored enterprises 481.7 464.4 386.6 310.8 324.8 313.0 308.3 293.9 284.7 270.0 264.3 33

34 Finance companies 184.8 189.4 192.4 198.6 185.6 188.7 181.6 179.0 184.1 184.9 190.5 34

35 REITs 64.6 34.4 11.7 15.5 17.5 18.1 20.1 20.8 24.6 26.2 27.1 35

36 Brokers and dealers 355.5 382.8 123.8 154.4 162.8 161.9 170.3 189.5 201.5 188.8 140.9 36

37 Funding corporations 60.4 170.0 667.3 710.2 711.4 730.4 704.9 760.1 716.5 700.4 734.5 37

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
94 Z.1, December 8, 2011

L.213 Corporate Equities (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Issues at market value 24339.3 25580.9 15640.5 20123.2 21006.8 18729.1 21063.8 23240.1 24587.8 24450.6 20337.9 1

 2 Nonfinancial corporate business 14602.3 15730.7 10016.6 12494.7 12914.4 11488.3 12905.5 14422.3 15338.7 15247.7 12896.4 2

 3 Rest of the world (2) 4329.0 5248.0 2748.4 3995.3 4103.8 3624.9 4261.3 4485.6 4674.3 4660.9 3712.7 3

 4 Financial corporations 5408.0 4602.2 2875.4 3633.2 3988.6 3615.9 3897.0 4332.2 4574.9 4541.9 3728.7 4

 5 Holdings at market value 24339.3 25580.9 15640.5 20123.2 21006.8 18729.1 21063.8 23240.1 24587.8 24450.6 20337.9 5

 6 Household sector 9652.6 9636.8 5746.9 7369.7 7590.9 6840.7 7758.8 8527.6 9044.2 8942.3 7400.2 6

 7 State and local governments 98.1 108.0 82.1 117.7 114.7 106.0 107.6 109.9 111.6 110.8 109.2 7

 8 Federal government 0.0 0.0 188.7 67.4 48.0 45.1 44.1 40.9 55.0 60.0 63.4 8

 9 Rest of the world (3) 2448.1 2812.2 1806.6 2516.2 2732.2 2421.1 2765.2 3061.7 3265.3 3281.1 2758.9 9

10 Monetary authority 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 35.3 41.5 6.7 30.3 34.7 21.8 29.5 38.2 42.0 45.1 28.4 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 12

13 Savings institutions 24.9 25.3 22.7 22.2 21.8 21.7 19.5 19.7 21.9 21.8 20.2 13

14 Property-casualty insurance companies 227.0 236.2 193.3 219.8 216.7 193.4 204.8 219.2 222.7 220.2 203.4 14

15 Life insurance companies 1364.8 1464.6 1001.7 1208.5 1275.8 1169.4 1286.6 1402.6 1484.8 1487.8 1355.6 15

16 Private pension funds 2724.8 2673.3 1599.7 1835.7 1918.2 1673.9 1832.6 2012.3 2100.0 2063.3 1714.2 16

17 State and local govt. retirement funds 1926.1 2013.7 1237.9 1549.8 1636.0 1450.8 1604.6 1782.5 1861.9 1848.2 1527.8 17

18 Federal government retirement funds 138.1 149.1 85.6 119.4 127.8 112.6 125.6 143.7 152.1 152.9 124.1 18

19 Mutual funds 4989.6 5476.9 3014.1 4136.2 4351.8 3799.5 4299.9 4762.7 5087.0 5067.4 4058.3 19

20 Closed-end funds 121.5 144.9 71.3 86.1 87.7 80.6 90.6 95.2 98.8 99.1 95.1 20

21 Exchange-traded funds 402.0 573.7 473.9 669.9 687.2 642.5 741.5 853.9 908.9 919.3 782.8 21

22 Brokers and dealers 186.4 224.8 109.2 124.2 112.4 98.4 100.6 117.2 131.7 131.3 96.3 22

23 Funding corporations 0.0 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 23

 Memo:

24 Market value of domestic corporations (4) 19013.2 19086.6 12014.9 14950.3 15717.1 14020.1 15589.8 17384.7 18487.5 18352.9 15399.0 24

(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, 14, 20, 21,22, and 23; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

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

 1 Shares at market value 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 1

 2 Holdings at market value 7068.3 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7513.4 2

 3 Household sector 4190.5 4597.9 3327.2 4178.6 4359.8 4058.1 4415.8 4704.8 5080.1 5156.5 4477.7 3

 4 Nonfinancial corporate business 180.7 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 236.5 214.7 4

 5 State and local governments 30.0 32.8 32.0 33.7 35.1 29.7 30.2 30.9 31.4 31.2 30.7 5

 6 Rest of the world 316.8 373.5 256.2 321.7 337.1 312.5 342.0 366.6 391.5 396.0 347.2 6

 7 U.S.-chartered commercial banks 24.5 29.6 19.6 46.1 43.2 38.7 41.2 45.0 47.1 45.0 36.6 7

 8 Credit unions 2.1 2.1 2.0 1.3 1.6 1.6 1.6 1.5 1.7 1.8 1.8 8

 9 Property-casualty insurance companies 6.9 6.8 4.4 5.3 5.4 5.0 5.4 5.7 5.8 5.8 5.2 9

10 Life insurance companies 148.8 188.4 121.0 140.8 144.8 134.3 144.1 155.7 158.7 158.5 142.9 10

11 Private pension funds 1880.4 2110.6 1366.0 1817.3 1929.6 1784.0 1980.2 2140.6 2248.5 2268.9 2033.1 11

12 State and local govt. retirement funds 287.5 296.4 181.1 226.7 239.3 212.2 234.8 260.8 272.4 270.4 223.5 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
Z.1, December 8, 2011 95

L.215 Bank Loans Not Elsewhere Classified

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Net change in liabilities 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1952.5 1

 2 Nonfinancial sectors 1499.0 1750.2 1947.9 1650.3 1671.1 1650.6 1655.6 1692.8 1706.7 1758.0 1823.9 2

 3 Household sector 86.4 99.7 117.7 147.8 226.4 237.5 256.3 263.2 251.0 271.7 287.4 3

 4 Corporate business 518.3 609.9 663.6 462.8 462.5 451.1 446.6 454.9 463.5 472.8 487.2 4

 5 Nonfarm noncorporate business 742.8 882.3 1000.0 884.4 830.4 804.0 786.9 801.3 811.2 826.5 850.0 5

 6 Farm business 53.2 55.5 58.7 58.5 54.6 57.4 58.1 58.3 53.9 56.5 58.4 6

 7 Rest of the world 98.3 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 140.8 7

 8 Foreign official institutions 1.9 1.9 2.6 3.2 3.0 3.3 3.5 4.3 4.2 3.2 3.1 8

 9 Foreign banks 21.9 30.2 33.0 27.9 30.4 33.1 34.1 39.7 45.7 49.1 53.0 9

10 Other foreign 74.4 70.8 72.4 65.8 63.8 64.3 70.0 71.2 77.1 78.2 84.7 10

11 Financial sectors 206.2 277.1 773.2 271.5 246.0 230.7 200.1 181.3 165.6 144.8 128.6 11

12 Savings institutions 48.6 62.0 75.0 11.0 11.3 8.8 10.9 9.8 11.2 11.5 11.0 12

13 Finance companies 129.2 182.0 174.9 144.5 125.9 120.0 95.0 79.6 88.2 75.2 66.2 13

14 REITs 28.4 33.2 32.8 20.7 18.5 17.0 17.9 18.5 16.2 15.6 20.4 14

15 Brokers and dealers 0.0 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Funding corporations 0.0 0.0 444.9 95.3 90.2 85.0 76.3 73.4 49.9 42.5 31.0 16

17 Net change in assets 1705.2 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1952.5 17

18 Monetary authority (2) 0.0 0.0 490.4 142.8 137.4 127.5 106.0 98.1 69.1 55.3 42.3 18

19 U.S.-chartered commercial banks 1312.2 1532.9 1670.8 1338.4 1340.2 1332.3 1328.6 1350.7 1354.6 1390.6 1443.1 19

20 Foreign banking offices in U.S. 361.8 466.8 531.9 406.5 403.9 387.3 386.7 390.4 405.7 416.7 425.6 20

21 Bank holding companies 5.6 6.3 8.2 14.6 17.1 18.5 18.6 18.9 26.9 24.2 24.8 21

22 Banks in U.S.-affiliated areas 25.6 21.4 19.7 19.4 18.4 15.7 15.9 16.1 16.0 16.0 16.6 22

(1) Excludes bank lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.109.
96 Z.1, December 8, 2011

L.216 Other Loans and Advances

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total other loans and advances 2071.6 2605.3 2711.7 2181.4 2087.8 2043.9 1983.5 1950.6 1912.8 1909.7 1904.4 1

 2 U.S. government loans 107.3 105.2 111.3 177.4 180.9 180.5 181.5 180.9 183.1 180.2 181.8 2

 3 Liab.: Household sector 12.9 12.5 12.8 12.6 12.6 12.3 12.3 11.6 11.6 11.4 11.4 3

 4 Nonfinancial corporate business 10.4 10.2 14.5 73.9 73.6 69.9 70.7 69.5 70.8 66.7 67.4 4

 5 Nonfarm noncorporate business 42.7 43.8 46.0 49.2 50.0 50.3 49.7 49.5 50.0 51.0 51.3 5

 6 Farm business 3.7 3.7 3.7 4.2 4.3 4.5 4.6 4.6 4.6 4.9 5.0 6

 7 State and local governments 11.2 11.9 12.7 13.5 13.7 13.8 13.9 14.4 14.5 14.7 15.0 7

 8 Rest of the world 26.4 23.1 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 21.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 10

11 Funding corporations 0.0 0.0 0.0 2.0 4.7 7.8 8.3 9.2 9.3 9.7 9.8 11

12 Foreign loans to U.S. corporate business 168.8 271.5 207.3 182.5 185.6 197.4 163.1 160.4 162.3 181.7 195.0 12

13 Liab.: Nonfinancial corporate business 168.8 271.5 207.3 182.5 185.6 197.4 163.1 160.4 162.3 181.7 195.0 13

 Customers’ liability on acceptances outstanding

14 Asset: 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 0.0 14

15 Foreign banking offices in U.S. 0.4 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Liab.: Nonfinancial corporate business 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Rest of the world 0.2 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Savings institution loans to business 67.5 73.7 80.1 65.6 65.3 64.4 71.1 72.0 72.2 65.8 69.0 18

19 Liab.: Nonfinancial corporate business 33.7 36.9 40.0 32.8 32.6 32.2 35.6 36.0 36.1 32.9 34.5 19

20 Nonfarm noncorporate business 33.7 36.9 40.0 32.8 32.6 32.2 35.6 36.0 36.1 32.9 34.5 20

21 Credit unions loans to business 26.8 26.9 29.6 32.3 31.3 32.5 33.2 33.1 31.5 32.9 33.7 21

22 Liab.: Nonfinancial corporate business 13.4 13.4 14.8 16.2 15.6 16.3 16.6 16.5 15.8 16.5 16.9 22

23 Nonfarm noncorporate business 13.4 13.4 14.8 16.2 15.6 16.3 16.6 16.5 15.8 16.5 16.9 23

24 Policy loans (Household liability) 110.9 114.5 120.4 121.1 121.7 122.4 123.5 124.5 124.8 125.5 126.4 24

25 Asset: Federal government 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 25

26 Life insurance companies 110.2 113.9 119.8 120.6 121.2 121.9 123.0 124.0 124.3 125.0 126.0 26

27 Government-sponsored enterprise loans (1) 704.9 942.6 980.7 695.9 634.5 599.1 561.6 551.3 522.8 500.2 479.8 27

28 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Noncorporate business (FCS) 24.2 28.5 53.4 56.4 54.3 55.4 56.9 57.7 55.3 56.4 57.4 29

30 Farm business (FCS) 39.3 47.0 26.9 23.6 23.4 21.2 25.0 29.6 34.3 28.7 23.6 30

31 U.S.-chartered coml. banks (FHLB & SLMA) 348.5 455.2 526.3 402.0 357.0 327.6 289.0 277.9 256.4 243.7 228.6 31

32 Savings institutions (FHLB & SLMA) 259.8 350.9 278.7 139.1 128.8 124.4 120.2 114.9 107.6 102.5 100.1 32

33 Credit unions (FHLB) 18.9 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 33

34 Life insurance companies (FHLB) 14.2 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 34

35 Securitized loans held by ABS issuers 97.7 93.7 78.1 54.4 37.7 37.2 40.6 37.2 33.4 33.1 33.0 35

36 Liab.: Nonfinancial corporate business 97.7 93.7 78.1 54.4 37.7 37.2 40.6 37.2 33.4 33.1 33.0 36

37 Finance company loans to business 498.0 523.0 539.9 448.9 447.5 439.2 445.7 441.0 439.7 429.1 428.1 37

38 Liab.: Nonfinancial corporate business 448.2 470.7 485.9 404.0 402.8 395.3 401.2 396.9 395.8 386.2 385.3 38

39 Nonfarm noncorporate business 49.8 52.3 54.0 44.9 44.8 43.9 44.6 44.1 44.0 42.9 42.8 39

40 Loans to nonfinancial corporate business (2) 289.2 453.8 564.3 403.4 383.3 371.2 363.1 350.2 342.9 361.1 357.5 40

41 Asset: Household sector 9.1 17.6 29.7 26.8 25.7 25.9 26.4 26.2 25.8 24.9 24.7 41

42 Life insurance companies 22.4 31.9 46.3 20.4 18.9 18.2 17.7 16.7 15.8 16.9 16.7 42

43 Mutual funds 46.3 82.4 94.8 75.4 73.7 74.3 75.9 74.6 88.6 97.0 96.0 43

44 ABS issuers 155.7 248.3 301.7 197.8 191.9 181.8 173.6 163.8 147.2 157.2 155.6 44

45 Brokers and dealers 41.7 52.8 55.9 60.1 52.1 50.1 48.7 47.4 46.9 46.7 46.2 45

46 Funding corporations 14.1 20.8 35.9 22.9 21.0 20.8 20.8 21.4 18.7 18.4 18.3 46

(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.
Z.1, December 8, 2011 97

L.217 Total Mortgages

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total mortgages 13454.4 14512.9 14604.6 14321.8 14148.1 14032.7 13910.3 13813.2 13718.8 13641.3 13559.4 1

 2 Home 10453.4 11167.8 11065.8 10865.5 10727.3 10660.3 10581.4 10522.0 10450.4 10395.5 10336.3 2

 3 Multifamily residential 702.5 784.6 837.7 847.0 842.4 838.8 839.6 837.7 838.9 839.7 840.9 3

 4 Commercial 2190.4 2447.9 2566.4 2478.1 2445.9 2399.8 2354.4 2317.3 2294.2 2271.9 2249.0 4

 5 Farm 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.2 134.2 133.2 5

 6 Total liabilities 13454.4 14512.9 14604.6 14321.8 14148.1 14032.7 13910.3 13813.2 13718.8 13641.3 13559.4 6

 7 Household sector 10053.6 10744.4 10693.1 10539.8 10413.8 10358.0 10284.2 10227.8 10162.8 10113.8 10058.3 7

 8 Nonfinancial business 3248.8 3611.8 3748.0 3615.2 3567.2 3507.1 3457.7 3411.6 3380.3 3347.4 3319.8 8

 9 Corporate 851.9 906.0 849.3 728.4 715.7 696.2 678.1 653.2 634.3 613.3 595.6 9

10 Nonfarm noncorporate 2288.9 2593.1 2764.0 2755.5 2719.0 2677.1 2644.7 2622.2 2610.8 2599.9 2591.0 10

11 Farm 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.2 134.2 133.2 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 152.1 156.7 163.5 166.9 167.1 167.6 168.3 173.8 175.6 180.2 181.2 13

14 Total assets 13454.4 14512.9 14604.6 14321.8 14148.1 14032.7 13910.3 13813.2 13718.8 13641.3 13559.4 14

15 Household sector 122.2 109.8 111.2 101.5 99.9 96.5 93.4 90.2 87.6 84.3 82.4 15

16 Nonfinancial corporate business 59.8 41.4 33.6 29.5 28.5 27.5 26.5 25.4 24.4 23.4 22.4 16

17 Nonfarm noncorporate business 34.6 42.1 39.1 37.9 37.2 36.8 36.4 36.3 36.3 36.4 36.5 17

18 State and local governments 154.0 167.3 163.3 171.8 179.0 177.1 176.8 176.1 180.0 178.7 176.4 18

19 Federal government 80.3 82.4 95.8 108.4 107.1 108.4 106.6 106.6 107.8 109.3 109.3 19

20 U.S.-chartered commercial banks 3338.9 3564.6 3754.7 3738.6 3681.9 3634.1 3603.0 3580.1 3482.3 3455.0 3448.7 20

21 Foreign banking offices in U.S. 24.9 39.0 44.2 37.8 37.9 36.2 35.3 35.4 33.8 33.0 33.3 21

22 Banks in U.S.-affiliated areas 39.2 40.8 42.6 42.3 41.6 36.5 36.1 35.8 34.8 33.9 33.4 22

23 Savings institutions (1) 1076.8 1094.0 860.6 633.3 629.3 619.3 617.8 614.8 600.2 590.9 589.3 23

24 Credit unions 249.7 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.0 324.6 24

25 Property-casualty insurance companies 3.5 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 4.6 25

26 Life insurance companies 303.8 326.2 342.4 326.1 321.4 317.9 318.2 317.5 318.4 323.1 329.2 26

27 Private pension funds 9.5 10.2 11.1 13.6 14.6 15.7 15.2 15.0 14.7 14.5 14.2 27

28 State and local govt. retirement funds 14.4 9.7 9.4 9.3 9.4 9.3 9.4 9.4 9.2 9.2 9.3 28

29 Government-sponsored enterprises (1) 607.2 643.1 705.3 707.7 5104.4 5084.4 5035.8 5021.0 5054.6 5018.4 4964.6 29

30 Agency- and GSE-backed mortgage pools 3841.1 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 30

31 ABS issuers 2763.8 2936.7 2586.1 2219.3 2118.2 2043.6 1970.1 1899.2 1846.2 1788.4 1734.7 31

32 Finance companies 594.4 531.9 447.9 397.4 386.9 371.1 361.2 344.2 331.0 319.5 311.2 32

33 REITs 136.3 123.1 76.3 48.3 46.4 45.0 43.9 41.9 42.7 58.8 58.0 33

(1) FHLB loans to savings institutions are included in other loans and advances.
98 Z.1, December 8, 2011

L.218 Home Mortgages (1)

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 10453.4 11167.8 11065.8 10865.5 10727.3 10660.3 10581.4 10522.0 10450.4 10395.5 10336.3 1

 2 Household sector 9862.9 10540.4 10492.2 10345.7 10222.3 10170.2 10099.9 10046.4 9983.2 9935.9 9882.2 2

 3 Nonfinancial corporate business 39.4 42.2 32.7 20.3 18.4 15.9 14.8 13.6 12.4 11.4 10.7 3

 4 Nonfarm noncorporate business 551.2 585.1 540.9 499.4 486.5 474.2 466.7 462.1 454.8 448.2 443.4 4

 5 Total assets 10453.4 11167.8 11065.8 10865.5 10727.3 10660.3 10581.4 10522.0 10450.4 10395.5 10336.3 5

 6 Household sector 102.9 90.8 91.2 83.2 81.2 79.2 77.2 75.2 73.2 71.2 69.2 6

 7 Nonfinancial corporate business 35.9 25.0 20.2 17.7 17.1 16.5 15.9 15.3 14.6 14.0 13.4 7

 8 Nonfarm noncorporate business 12.7 15.4 14.3 13.9 13.6 13.4 13.3 13.3 13.3 13.3 13.3 8

 9 State and local governments 78.5 85.7 83.8 88.2 91.8 90.9 90.5 89.8 91.7 91.1 89.8 9

10 Federal government 13.3 13.7 16.4 22.1 23.2 23.9 23.6 23.9 24.3 24.9 24.5 10

11 U.S.-chartered commercial banks 2064.9 2189.0 2217.3 2238.0 2198.8 2175.6 2173.2 2183.6 2108.6 2097.2 2111.2 11

12 Foreign banking offices in U.S. 0.0 0.0 7.0 0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.3 12

13 Banks in U.S.-affiliated areas 17.2 21.5 22.9 22.6 22.3 20.8 20.5 20.1 18.8 18.2 17.9 13

14 Savings institutions 867.8 879.0 666.3 448.6 444.5 438.7 437.0 430.5 419.3 412.8 410.9 14

15 Credit unions 249.7 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.0 324.6 15

16 Life insurance companies 10.3 9.4 8.6 6.4 5.6 5.6 5.8 6.2 6.3 6.7 7.2 16

17 Private pension funds 1.3 1.2 1.3 2.0 2.1 2.1 2.1 2.1 2.1 2.0 1.9 17

18 State and local govt. retirement funds 5.2 3.5 3.4 3.3 3.4 3.4 3.4 3.4 3.3 3.3 3.4 18

19 Government-sponsored enterprises 457.6 447.9 456.6 445.4 4795.6 4774.8 4722.8 4701.5 4735.8 4701.4 4646.3 19

20 Agency- and GSE-backed mortgage pools 3749.1 4371.8 4864.0 5266.5 920.7 982.5 1028.5 1068.8 1112.5 1155.7 1194.5 20

21 ABS issuers 2144.6 2179.1 1868.2 1548.5 1458.2 1397.1 1338.2 1277.2 1223.0 1174.5 1128.2 21

22 Finance companies 538.1 472.7 375.4 327.7 317.0 303.3 295.3 280.6 270.0 261.4 254.7 22

23 REITs 104.2 80.7 34.3 12.6 11.0 8.9 8.7 8.9 9.0 22.6 24.0 23

 Memo:

24 Home equity loans included above (2) 1066.5 1131.0 1114.3 1032.1 1013.4 995.6 975.4 949.7 925.4 904.4 887.5 24

25 U.S.-chartered commercial banks 653.6 692.3 775.2 761.5 751.2 741.0 726.6 709.3 692.1 677.2 666.1 25

26 Foreign banking offices in U.S. 0.0 0.0 0.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 26

27 Savings institutions 137.6 180.5 119.5 80.0 78.4 76.6 75.5 74.0 72.3 70.6 68.8 27

28 Credit unions 86.9 94.1 98.7 94.6 92.7 91.8 90.3 88.2 86.6 84.9 83.7 28

29 ABS issuers 80.8 69.6 45.0 30.3 27.4 25.3 23.7 21.8 20.2 19.1 17.6 29

30 Finance companies 107.6 94.5 75.1 65.5 63.4 60.7 59.1 56.1 54.0 52.3 50.9 30

(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; amounts outstanding end of period, not seasonally adjusted

 1 Total liabilities 702.5 784.6 837.7 847.0 842.4 838.8 839.6 837.7 838.9 839.7 840.9 1

 2 Nonfinancial corporate business 36.5 38.3 39.7 40.9 41.4 41.2 40.7 40.3 39.7 40.1 40.2 2

 3 Nonfarm noncorporate business 640.9 723.6 772.9 779.3 773.9 770.5 771.2 769.8 772.1 772.4 773.3 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 25.1 22.7 25.1 26.8 27.1 27.1 27.7 27.7 27.1 27.2 27.4 5

 6 Total assets 702.5 784.6 837.7 847.0 842.4 838.8 839.6 837.7 838.9 839.7 840.9 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.9 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.3 8

 9 Nonfarm noncorporate business 11.7 14.3 13.3 12.9 12.7 12.5 12.4 12.3 12.3 12.3 12.4 9

10 State and local governments 61.6 67.2 65.7 69.2 72.0 71.3 71.2 70.9 72.6 72.1 71.2 10

11 Federal government 14.8 14.4 14.5 14.7 14.5 14.5 14.3 14.4 14.3 14.1 14.1 11

12 U.S.-chartered commercial banks 157.6 168.4 210.8 207.1 205.6 203.2 200.5 193.7 190.3 189.3 186.9 12

13 Foreign banking offices in U.S. 0.0 0.0 4.3 4.0 4.0 4.0 3.8 3.5 3.5 3.2 2.9 13

14 Savings institutions 95.8 92.7 65.2 59.9 60.3 58.7 59.5 61.2 61.2 61.0 61.7 14

15 Life insurance companies 46.1 51.8 51.8 48.5 47.9 47.4 47.4 47.2 47.4 48.1 49.0 15

16 Private pension funds 2.0 2.1 2.4 2.7 3.0 3.3 3.2 3.1 3.1 2.9 2.8 16

17 State and local govt. retirement funds 4.3 2.9 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 17

18 Government-sponsored enterprises 105.4 147.7 190.2 204.4 249.7 249.2 251.3 256.5 256.1 254.6 256.4 18

19 Agency- and GSE-backed mortgage pools 88.8 88.1 92.8 105.7 56.1 60.1 63.7 66.9 71.3 77.1 81.1 19

20 ABS issuers 103.4 124.0 113.2 107.4 106.5 104.8 102.7 98.7 98.0 96.3 94.1 20

21 Finance companies 5.1 5.1 5.8 5.1 4.7 4.5 4.4 4.1 3.8 3.6 3.4 21

22 REITs 5.0 5.2 4.3 2.3 2.1 2.1 2.0 1.9 1.8 1.8 1.7 22
Z.1, December 8, 2011 99

L.220 Commercial Mortgages

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 2190.4 2447.9 2566.4 2478.1 2445.9 2399.8 2354.4 2317.3 2294.2 2271.9 2249.0 1

 2 Household sector 190.7 204.0 200.9 194.0 191.5 187.9 184.3 181.4 179.6 177.9 176.1 2

 3 Nonfinancial corporate business 776.0 825.5 776.9 667.2 655.8 639.1 622.6 599.4 582.2 561.8 544.7 3

 4 Nonfarm noncorporate business 1096.8 1284.4 1450.2 1476.8 1458.5 1432.3 1406.7 1390.3 1383.9 1379.3 1374.3 4

 5 REITs 127.0 134.0 138.4 140.1 140.0 140.5 140.7 146.1 148.5 153.0 153.8 5

 6 Total assets 2190.4 2447.9 2566.4 2478.1 2445.9 2399.8 2354.4 2317.3 2294.2 2271.9 2249.0 6

 7 Household sector 17.0 19.1 20.0 19.2 18.8 18.2 17.5 16.7 15.8 14.8 13.6 7

 8 Nonfinancial corporate business 23.0 15.8 13.0 11.4 11.0 10.6 10.2 9.8 9.4 9.0 8.6 8

 9 Nonfarm noncorporate business 9.5 11.5 10.7 10.4 10.2 10.1 10.0 10.0 10.0 10.0 10.0 9

10 State and local governments 12.3 13.4 13.1 13.8 14.4 14.3 14.5 14.7 15.0 14.8 14.7 10

11 Federal government 48.9 51.0 61.4 67.8 65.4 66.0 64.5 64.1 64.9 66.0 66.3 11

12 U.S.-chartered commercial banks 1076.3 1165.3 1276.0 1243.5 1226.9 1204.3 1177.9 1151.0 1131.9 1117.4 1099.8 12

13 Foreign banking offices in U.S. 24.9 39.0 32.8 32.9 32.7 31.1 30.4 30.8 29.2 28.7 29.1 13

14 Banks in U.S.-affiliated areas 22.0 19.3 19.7 19.6 19.3 15.7 15.6 15.7 16.1 15.7 15.4 14

15 Savings institutions 112.4 121.5 128.1 123.9 123.6 121.1 120.5 122.2 118.8 116.2 115.8 15

16 Property-casualty insurance companies 3.5 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 4.6 16

17 Life insurance companies 235.4 252.2 267.1 257.7 254.6 251.8 252.0 251.3 252.1 255.8 260.6 17

18 Private pension funds 6.2 6.8 7.4 8.9 9.5 10.3 9.9 9.7 9.5 9.5 9.5 18

19 State and local govt. retirement funds 4.9 3.3 3.2 3.2 3.2 3.2 3.2 3.2 3.1 3.1 3.2 19

20 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 0.0 20

21 ABS issuers 515.8 633.6 604.7 563.3 553.5 541.8 529.2 523.3 525.2 517.6 512.4 21

22 Finance companies 51.1 54.0 66.6 64.6 65.2 63.3 61.6 59.5 57.2 54.5 53.1 22

23 REITs 27.1 37.3 37.7 33.4 33.3 34.0 33.2 31.2 31.9 34.5 32.4 23

L.221 Farm Mortgages (1)

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

 1 Total liabilities (Farm business) 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.2 134.2 133.2 1

 2 Total assets 108.0 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.2 134.2 133.2 2

 3 Household sector 2.3 -0.0 0.0 -0.9 -0.1 -0.9 -1.3 -1.7 -1.4 -1.7 -0.5 3

 4 Nonfarm noncorporate business 0.7 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 4

 5 State and local governments 1.5 1.0 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 5

 6 Federal government 3.2 3.3 3.5 3.9 4.0 4.0 4.2 4.3 4.2 4.3 4.4 6

 7 U.S.-chartered commercial banks 40.1 41.9 50.6 50.1 50.5 51.0 51.4 51.9 51.5 51.1 50.7 7

 8 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Savings institutions 0.7 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 9

10 Life insurance companies 12.0 12.8 15.0 13.5 13.3 13.1 12.9 12.8 12.7 12.6 12.5 10

11 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 0.0 11

12 Government-sponsored enterprises 44.2 47.6 58.5 57.9 59.1 60.4 61.6 63.0 62.7 62.4 62.0 12

13 Agency- and GSE-backed mortgage pools 3.2 4.5 4.7 4.5 3.3 3.8 3.8 3.8 3.2 3.2 1.7 13

(1) Excludes mortgages on farm houses.
100 Z.1, December 8, 2011

L.222 Consumer Credit

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities (Households) 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2464.6 1

 2 Total assets 2416.0 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2423.5 2464.6 2

 3 Nonfinancial corporate business 57.6 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 53.1 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 0.0 4

 5 Federal government 91.7 98.4 111.0 186.0 209.8 222.6 280.3 316.4 355.2 370.1 406.1 5

 6 U.S.-chartered commercial banks 741.2 804.1 878.6 855.3 1149.2 1133.7 1115.2 1098.7 1058.9 1072.3 1073.8 6

 7 Savings institutions 95.5 90.8 86.3 77.5 78.0 80.6 82.1 86.8 84.7 87.4 89.3 7

 8 Credit unions 234.5 235.7 236.2 237.2 228.0 225.8 224.9 226.5 218.1 220.9 222.8 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 661.1 683.7 646.4 577.9 150.7 144.8 136.6 131.7 122.4 117.9 115.1 10

11 Finance companies 534.4 584.1 575.8 487.8 536.9 527.2 516.3 518.6 509.8 501.8 504.3 11

L.223 Trade Credit

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

 1 Total trade payables 3195.9 3398.0 3228.0 3204.2 3277.2 3313.5 3387.5 3403.2 3478.5 3553.5 3627.0 1

 2 Household sector 199.9 214.5 236.7 252.7 258.0 263.3 268.7 274.1 279.1 282.6 286.0 2

 3 Nonfinancial corporate business 1813.0 1898.9 1669.0 1582.0 1628.0 1651.4 1707.6 1744.3 1790.8 1857.1 1919.2 3

 4 Nonfarm noncorporate business 349.4 378.7 366.8 369.5 363.1 358.3 354.8 354.2 354.1 354.4 355.4 4

 5 Farm business -0.7 -4.8 17.7 24.2 28.2 27.6 22.9 18.1 17.7 20.4 23.4 5

 6 State and local governments 516.4 553.5 592.7 630.4 639.9 649.5 659.1 668.8 678.6 688.5 698.4 6

 7 Federal government 208.9 238.2 260.8 204.6 218.0 227.4 227.0 227.1 242.9 249.0 255.8 7

 8 Rest of the world 60.7 73.1 63.2 70.6 79.7 84.0 92.3 98.4 96.9 82.2 72.5 8

 9 Brokers and dealers 48.3 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.3 16.3 9

10 Total trade receivables 3024.8 3279.9 3097.1 2995.9 3055.5 3151.4 3185.8 3135.6 3228.4 3329.5 3368.8 10

11 Nonfinancial corporate business 2090.0 2253.0 2081.1 2050.5 2104.5 2203.3 2241.4 2189.7 2275.9 2373.8 2407.6 11

12 Nonfarm noncorporate business 470.9 525.6 522.7 496.3 487.7 481.2 476.5 475.8 475.6 476.1 477.4 12

13 State and local governments 146.6 159.9 156.4 164.6 171.5 169.7 172.1 175.4 177.9 176.7 174.5 13

14 Federal government 59.4 60.6 64.7 43.6 45.0 42.0 42.7 42.9 45.0 45.8 44.2 14

15 Rest of the world 62.8 83.6 90.1 96.7 106.8 114.4 111.9 116.1 115.9 117.8 128.8 15

16 Property-casualty insurance companies 87.0 85.4 86.7 83.0 84.8 86.7 87.1 83.8 84.4 88.2 88.7 16

17 ABS issuers 108.3 111.7 95.5 61.3 55.1 54.1 54.2 51.8 53.6 51.1 47.5 17

18 Discrepancy 171.1 118.1 130.9 208.3 221.7 162.0 201.7 267.6 250.2 224.0 258.2 18

L.224 Security Credit

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

 1 Total liabilities 1249.9 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1323.8 1385.5 1

 2 Household sector 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 957.8 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1011.0 1133.5 4

 5 Customer credit balances (HH) 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 5

 6 From U.S.-chartered commercial banks 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 187.0 6

 7 From foreign banking offices in U.S. 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 141.6 7

 8 Total assets 1249.9 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1323.8 1385.5 8

 9 Household sector 655.7 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 116.5 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 187.0 11

12 Foreign banking offices in U.S. 185.6 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 141.6 12

13 Brokers and dealers 292.1 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 13
Z.1, December 8, 2011 101

L.225 Life Insurance and Pension Fund Reserves

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Life insurance reserves:

 1 Total liabilities 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 1

 2 Federal government 44.2 45.4 46.4 47.5 47.4 47.6 47.8 48.4 48.5 48.9 49.2 2

 3 Life insurance companies 1119.5 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 3

 4 Total assets (Households) 1163.7 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 4

 Pension fund reserves:

 5 Total liabilities 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13102.3 13497.9 13427.5 12496.6 5

 6 Life insurance companies 2332.4 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2566.0 2587.2 2514.0 6

 7 Private pension funds (1) 6120.5 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6148.3 6377.6 6382.8 5780.5 7

 8 State and local govt. retirement funds 3156.6 3297.9 2414.7 2759.8 2856.7 2641.4 2815.4 3024.0 3131.3 3116.3 2774.4 8

 9 Federal government retirement funds (2) 1141.1 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1427.6 9

10 Total assets (Households) (3) 12750.6 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13102.3 13497.9 13427.5 12496.6 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 L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 237.0 167.7 44.0 40.6 49.5 43.7 54.2 52.0 78.4 66.6 69.3 1

 2 Nonfinancial corporate business 85.4 35.8 39.0 35.7 49.5 43.9 47.3 39.3 57.4 47.1 53.9 2

 3 Nonfarm noncorporate business 95.7 99.5 106.2 99.9 97.7 96.1 94.9 94.7 94.7 94.8 95.2 3

 4 U.S.-chartered commercial banks 24.7 11.1 -74.6 -67.5 -73.6 -64.6 -64.8 -60.6 -56.4 -51.2 -48.1 4

 5 Savings institutions 3.3 1.3 1.0 1.3 1.6 1.1 1.0 1.0 1.5 0.9 1.0 5

 6 Property-casualty insurance companies 9.4 7.0 -21.1 -15.8 -12.6 -19.1 -15.7 -10.1 -7.9 -13.1 -19.4 6

 7 Life insurance companies -1.3 -4.7 -24.4 -31.4 -30.0 -30.6 -27.7 -28.8 -27.9 -29.1 -30.3 7

 8 Finance companies 17.0 15.5 15.4 12.7 12.6 12.6 12.8 12.9 12.8 12.8 13.3 8

 9 Brokers and dealers 2.8 2.2 2.5 5.7 4.4 4.4 6.4 3.6 4.2 4.3 3.7 9

10 Total business taxes receivable 285.1 342.5 389.3 416.1 420.9 429.9 442.4 448.9 458.2 466.8 463.0 10

11 State and local governments 189.0 237.5 269.8 280.9 281.8 286.9 295.5 298.0 303.5 308.2 300.4 11

12 Federal government 96.1 105.0 119.4 135.1 139.1 143.0 146.9 150.8 154.8 158.7 162.6 12

13 Discrepancy -48.1 -174.8 -345.3 -375.5 -371.4 -386.2 -388.3 -396.8 -379.8 -400.3 -393.8 13

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 8887.8 8751.6 7146.8 6297.2 6499.1 6847.1 6581.1 7001.9 7016.1 6999.5 7363.6 1

 2 Nonfarm noncorporate business 7404.3 7160.0 5627.6 4783.8 4954.1 5280.8 4985.3 5369.6 5342.4 5307.4 5645.9 2

 3 Farm business 1473.8 1579.9 1509.8 1501.3 1530.8 1552.4 1582.8 1618.6 1660.3 1679.1 1705.2 3

 4 Brokers and dealers 9.8 11.6 9.5 12.1 14.2 14.0 13.0 13.8 13.4 13.0 12.4 4
102 Z.1, December 8, 2011

L.228 Total Miscellaneous Financial Claims

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 15661.7 17439.2 19843.9 19676.3 19613.8 20414.4 20156.6 20447.5 20399.4 20504.1 21576.9 1

 2 Household sector 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 2

 3 Nonfinancial corporate business 3819.9 4048.6 4243.9 4222.2 4166.4 4164.7 4156.5 4133.2 4103.2 4011.2 3924.3 3

 4 Nonfarm noncorporate business 1006.1 1100.0 1214.3 1247.4 1255.2 1262.7 1270.5 1278.7 1287.3 1297.3 1308.6 4

 5 Federal government 1017.2 1094.2 1183.5 1261.6 1243.8 1249.1 1269.6 1349.4 1335.1 1242.0 1358.1 5

 6 Rest of the world 4151.0 4942.4 5813.9 5669.2 5747.8 6396.8 5924.5 6323.8 6335.7 6471.3 7278.1 6

 7 Monetary authority 18.5 21.0 23.1 29.2 28.7 31.6 29.7 58.4 29.3 27.0 27.7 7

 8 U.S.-chartered commercial banks 1026.2 1103.1 1258.1 1409.2 1425.2 1513.7 1590.5 1518.2 1510.8 1590.3 1638.2 8

 9 Foreign banking offices in U.S. 154.8 299.6 849.4 431.3 433.4 533.8 628.8 438.7 522.1 584.6 794.0 9

10 Bank holding companies 294.4 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 513.8 10

11 Banks in U.S.-affiliated areas 37.7 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 15.5 11

12 Savings institutions 80.2 102.4 72.3 21.8 22.4 20.3 20.5 20.2 20.5 19.6 22.6 12

13 Credit unions 9.2 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.2 10.0 13

14 Property-casualty insurance companies 815.7 811.1 811.0 832.6 831.2 839.9 844.6 844.6 845.8 858.0 865.7 14

15 Life insurance companies 925.9 1010.6 905.0 985.6 1012.6 1049.3 1074.7 1089.8 1115.1 1108.4 1088.3 15

16 Government-sponsored enterprises 153.4 171.1 208.2 270.4 222.3 171.8 137.3 154.6 140.5 137.7 130.7 16

17 Finance companies 715.7 654.4 664.8 573.6 571.0 568.7 570.4 561.7 550.0 556.9 567.5 17

18 REITs 63.0 67.6 64.9 51.1 65.0 68.9 67.6 59.3 63.4 66.2 69.9 18

19 Brokers and dealers 519.5 558.4 441.4 460.1 478.5 447.8 477.1 497.5 493.7 511.1 469.0 19

20 Funding corporations 830.2 1072.7 1613.7 1596.7 1506.4 1488.6 1484.3 1549.5 1465.6 1443.4 1470.5 20

21 Total assets 22253.0 24714.4 24784.0 25109.3 25171.6 25736.4 25842.6 25972.8 26009.7 26305.7 27348.3 21

22 Household sector 646.1 712.2 766.3 787.1 788.1 798.4 811.9 830.6 832.3 834.1 852.3 22

23 Nonfinancial corporate business 8924.7 9866.4 9346.7 9520.6 9685.7 9724.1 9847.2 10067.3 10142.5 10195.4 10258.1 23

24 Nonfarm noncorporate business 1644.4 1972.8 2079.4 1997.0 1962.4 1936.3 1917.4 1914.3 1913.7 1915.4 1921.0 24

25 Farm business 48.6 52.0 53.8 55.5 55.6 55.8 55.9 56.0 57.1 58.3 59.4 25

26 State and local governments -44.1 -26.7 -13.0 4.3 43.3 64.1 77.0 86.3 99.9 105.9 118.1 26

27 Federal government 136.8 138.7 110.8 145.8 147.2 130.5 136.8 141.4 141.0 142.8 144.1 27

28 Rest of the world 3977.7 4484.6 4138.7 4116.2 4095.3 4600.7 4456.1 4557.5 4447.6 4642.6 5327.6 28

29 Monetary authority 17.0 40.5 569.8 75.9 68.2 68.6 67.2 83.1 92.8 105.0 104.6 29

30 U.S.-chartered commercial banks 783.4 884.8 1229.7 1058.9 1022.3 1063.5 1032.4 982.4 987.4 988.1 1054.7 30

31 Foreign banking offices in U.S. -119.6 -104.9 259.7 143.9 135.8 229.5 197.2 148.7 187.2 256.8 378.4 31

32 Bank holding companies 1724.4 1823.6 2005.7 2801.1 2773.8 2811.8 2864.3 2740.9 2784.8 2793.6 2793.7 32

33 Banks in U.S.-affiliated areas 5.9 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 11.9 11.7 33

34 Savings institutions 109.3 115.5 90.0 83.8 82.7 80.4 78.9 75.8 77.6 76.7 78.4 34

35 Credit unions 24.9 35.9 44.2 50.6 43.5 40.8 47.9 41.9 42.8 20.5 24.0 35

36 Property-casualty insurance companies 105.5 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 144.1 145.0 36

37 Life insurance companies 303.3 342.9 380.1 357.6 361.9 389.4 389.0 360.3 341.0 355.0 348.7 37

38 Private pension funds 532.5 567.1 426.5 533.3 545.5 519.2 543.5 549.5 558.8 553.4 502.6 38

39 State and local govt. retirement funds 16.3 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 18.0 39

40 Federal government retirement funds 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 40

41 Money market mutual funds 59.2 90.9 47.9 59.1 54.8 58.1 59.8 66.9 65.2 64.0 68.3 41

42 Mutual funds 14.0 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 13.4 13.4 42

43 Government-sponsored enterprises 114.7 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 154.0 43

44 Finance companies 16.4 18.2 30.0 61.9 45.3 52.2 46.5 46.0 53.5 57.3 63.6 44

45 REITs 59.7 55.4 54.6 46.1 48.6 54.5 58.8 53.5 59.6 63.3 66.0 45

46 Brokers and dealers 1599.4 1633.7 1105.7 1141.0 1148.1 1047.3 1062.2 1025.3 1005.5 1026.2 999.0 46

47 Funding corporations 633.9 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 694.2 47

48 Discrepancy -6591.3 -7275.2 -4940.2 -5433.0 -5557.8 -5322.0 -5686.0 -5525.3 -5610.3 -5801.6 -5771.3 48
Z.1, December 8, 2011 103

L.229 Identified Miscellaneous Financial Claims - Part I

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2948.2 3553.1 3748.5 4067.5 4184.1 4260.2 4345.7 4429.4 4528.1 4669.9 4804.4 1

 2 Asset: Nonfinancial corporate business 2440.7 2892.9 3011.1 3294.0 3404.4 3471.6 3545.5 3585.2 3681.6 3811.0 3937.3 2

 3 U.S.-chartered commercial banks 95.9 150.3 201.5 241.2 239.3 243.2 243.9 257.1 259.1 260.6 265.7 3

 4 Property-casualty insurance companies 105.5 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 144.1 145.0 4

 5 Life insurance companies 20.0 25.6 25.0 28.1 28.7 29.8 30.1 32.1 32.2 33.4 34.0 5

 6 Finance companies 42.0 177.9 221.0 204.9 203.8 207.1 212.0 224.6 225.3 229.6 230.0 6

 7 Brokers and dealers 244.1 185.3 187.4 171.4 178.0 179.9 182.3 187.4 189.3 191.2 192.4 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1722.7 1961.9 2050.3 2025.8 2070.8 2099.2 2166.0 2175.2 2199.5 2241.4 2285.8 8

 9 Nonfarm noncorporate business 3.6 3.6 3.6 4.0 4.3 4.3 4.3 4.3 4.3 4.3 4.3 9

10 Foreign banking offices in U.S. 135.4 94.2 71.7 104.9 108.3 110.6 113.1 111.3 115.2 116.5 120.4 10

11 Property-casualty insurance companies 99.9 76.6 51.2 77.8 77.3 79.3 79.5 83.5 85.1 84.1 84.4 11

12 Life insurance companies 71.3 68.7 60.3 68.9 70.3 71.7 73.3 86.8 81.8 82.4 77.0 12

13 Finance companies 51.1 68.6 78.1 75.0 75.3 75.7 77.3 83.6 84.7 87.7 88.2 13

14 Brokers and dealers 61.0 62.6 72.1 74.5 75.7 76.9 87.7 103.0 104.7 109.2 104.1 14

15 Funding corporations 9.0 9.6 10.2 10.8 11.0 11.1 11.3 11.4 11.6 11.7 11.9 15

16 Asset: Rest of the world 2154.1 2345.9 2397.4 2441.7 2492.9 2528.7 2612.6 2658.9 2686.7 2737.2 2775.9 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 45.3 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 55.9 17

18 Asset: Federal government 45.3 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 55.9 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 15.3 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 26.0 19

20 Asset: U.S.-chartered commercial banks 15.3 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 26.0 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 46.9 56.0 51.8 51.8 51.0 50.5 50.6 49.0 48.6 44.2 43.5 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 0.0 22

23 Nonfarm noncorporate (Farm Credit System) 1.9 2.2 4.8 4.8 4.8 5.0 5.0 4.8 4.5 4.9 5.3 23

24 Farm business (Farm Credit System) 3.0 3.6 2.0 2.0 2.1 1.9 2.2 2.5 2.8 2.5 2.2 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 U.S.-chartered commercial banks (FHLB) 22.9 26.7 25.6 24.7 24.1 23.7 24.0 22.9 23.1 18.0 17.7 26

27 Savings institutions (FHLB) 15.6 18.8 13.4 15.0 15.0 14.8 14.0 13.8 13.2 14.0 13.5 27

28 Credit unions (FHLB) 1.9 2.5 2.8 2.4 2.4 2.4 2.4 2.2 2.2 2.0 2.0 28

29 Life insurance companies (FHLB) 1.6 2.2 3.2 2.9 2.8 2.9 2.9 2.9 2.9 2.7 2.7 29

 BHC investment in subsidiaries:

30 Liab.: U.S.-chartered commercial banks 1067.0 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 1429.0 30

31 Savings institutions 10.7 10.9 13.4 24.0 24.0 23.7 24.3 23.0 23.2 22.7 22.4 31

32 Life insurance companies 38.3 43.7 31.2 40.5 43.2 46.9 50.8 62.7 64.5 67.4 74.6 32

33 Finance companies 198.5 239.9 232.6 209.3 181.5 179.0 178.3 173.1 167.4 174.3 173.8 33

34 Brokers and dealers 159.9 49.9 109.2 635.3 659.0 661.0 683.2 634.6 645.1 591.0 558.3 34

35 Asset: Bank holding companies 1474.4 1542.2 1630.9 2322.6 2316.1 2342.2 2389.0 2260.2 2259.0 2255.0 2258.1 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 140.1 81.5 80.5 71.2 95.9 94.6 94.2 91.5 90.1 93.8 93.6 36

37 Asset: Nonfinancial corporate business 140.1 81.5 80.5 71.2 95.9 94.6 94.2 91.5 90.1 93.8 93.6 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 197.3 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 140.1 38

39 Brokers and dealers 436.5 510.5 516.9 523.2 522.5 514.8 531.0 508.2 518.5 539.7 554.1 39

40 Asset: Funding corporations 633.9 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 694.2 40

 Equity investment under Public-Private Inv. Program:

41 Liab.: Funding corporations 0.0 0.0 0.0 1.8 4.2 6.2 7.1 7.7 7.8 8.3 8.7 41

42 Asset: Households (1) 0.0 0.0 0.0 0.9 2.1 3.1 3.6 3.8 3.9 4.1 4.4 42

43 Federal government 0.0 0.0 0.0 0.9 2.1 3.1 3.6 3.8 3.9 4.1 4.4 43

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
104 Z.1, December 8, 2011

L.230 Identified Miscellaneous Financial Claims - Part II

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.6 24.5 554.2 10.9 0.7 2.1 0.9 0.8 0.7 1.0 1.3 1

 2 Asset: Federal government 0.6 0.5 0.5 0.7 0.7 0.8 0.9 0.8 0.7 1.0 0.8 2

 3 Monetary authority (1) 0.0 24.0 553.7 10.3 0.0 1.2 0.1 0.1 0.0 0.0 0.5 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 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 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.0 20.9 15.5 15.9 21.1 17.8 19.7 14.4 15.0 14.1 16.3 6

 7 Asset: Savings institutions 19.0 20.9 15.5 15.9 21.1 17.8 19.7 14.4 15.0 14.1 16.3 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 8

 9 Asset: Life insurance companies 22.8 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 232.1 247.6 265.2 273.6 275.0 280.0 286.7 288.4 291.2 293.8 300.4 10

11 Accident and health 149.8 163.3 182.7 192.4 192.8 196.9 203.1 207.1 208.9 213.2 219.4 11

12 Policy dividend accumulation 43.5 43.7 40.4 39.2 39.1 38.8 39.1 39.7 39.9 38.6 38.5 12

13 Contract claims 38.8 40.6 42.1 42.0 43.0 44.3 44.4 41.6 42.4 41.9 42.6 13

14 Asset: Household sector 232.1 247.6 265.2 273.6 275.0 280.0 286.7 288.4 291.2 293.8 300.4 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 715.8 734.5 759.9 754.8 753.9 760.6 765.1 761.2 760.7 773.9 781.4 15

16 Asset: Household sector 320.5 327.3 337.3 332.2 331.7 334.8 337.3 335.4 334.4 339.7 342.1 16

17 Nonfinancial corporate business 282.7 290.1 300.0 298.2 297.8 300.4 302.2 300.7 300.5 305.7 308.7 17

18 Nonfarm noncorporate business 66.9 68.6 70.7 71.0 70.9 71.5 71.9 71.6 71.5 72.7 73.5 18

19 Farm business 45.6 48.5 51.8 53.5 53.6 53.9 53.7 53.5 54.3 55.8 57.2 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 387.9 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.3 470.3 420.0 20

21 Asset: Private pension funds 387.9 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.3 470.3 420.0 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 48.9 22

23 Asset: Private pension funds 42.8 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.1 49.0 48.9 23

 Securities borrowed (net):

24 Liab.: Funding corporations 1242.3 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.5 727.8 726.7 24

25 Asset: Brokers and dealers 1242.3 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.5 727.8 726.7 25

 Nonmarketable government securities:

26 Liab.: Federal government 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 26

27 Asset: Federal government retirement funds 918.7 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 27

 Retiree health care funds (2):

28 Liab.: Federal government 93.5 137.3 163.8 180.4 179.3 180.5 184.4 202.9 202.8 196.5 205.4 28

29 Asset: Household sector 93.5 137.3 163.8 180.4 179.3 180.5 184.4 202.9 202.8 196.5 205.4 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
Z.1, December 8, 2011 105

L.231 Unidentified Miscellaneous Financial Claims

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

2006 2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 4528.2 5184.3 7018.5 6262.8 6037.1 6834.1 6253.1 6516.7 6338.1 6307.6 7142.5 1

 2 Nonfinancial corporate business 2054.4 2039.5 2145.7 2146.0 2045.6 2015.9 1941.1 1908.8 1854.6 1720.9 1589.6 2

 3 Nonfarm noncorporate business 1002.5 1096.4 1210.7 1243.3 1250.9 1258.4 1266.2 1274.4 1283.0 1293.0 1304.4 3

 4 Federal government 5.1 4.9 4.3 4.0 3.9 3.8 3.7 3.6 3.5 3.4 3.3 4

 5 Rest of the world 1157.1 1318.0 1462.8 1540.8 1512.6 2082.9 1525.8 1841.2 1754.1 1746.1 2416.5 5

 6 Monetary authority 3.2 2.5 2.1 3.6 2.5 5.0 3.0 31.9 3.0 0.5 1.7 6

 7 U.S.-chartered commercial banks -40.9 -94.7 13.6 -4.4 16.7 82.1 138.1 151.4 152.0 190.6 209.2 7

 8 Foreign banking offices in U.S. -177.9 -35.6 501.1 123.2 135.9 272.8 338.6 155.9 218.0 294.7 533.5 8

 9 Bank holding companies 294.4 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 513.8 9

10 Banks in U.S.-affiliated areas 37.7 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 15.5 10

11 Savings institutions 69.5 91.5 58.9 -2.2 -1.6 -3.4 -3.8 -2.8 -2.8 -3.1 0.2 11

12 Credit unions 9.2 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.2 10.0 12

13 Life insurance companies 196.3 219.3 230.8 189.8 194.3 242.7 230.2 194.4 206.4 194.6 216.3 13

14 Government-sponsored enterprises 87.6 94.3 141.0 202.8 150.2 103.5 67.0 91.2 76.8 79.4 71.0 14

15 Finance companies 326.0 264.4 273.7 218.1 218.3 219.4 220.6 213.5 207.7 201.1 211.8 15

16 REITs 63.0 67.6 64.9 51.1 65.0 68.9 67.6 59.3 63.4 66.2 69.9 16

17 Brokers and dealers -137.9 -64.6 -256.8 -773.0 -778.6 -804.8 -824.9 -748.2 -774.6 -728.8 -747.4 17

18 Funding corporations -421.1 -177.2 716.5 727.3 642.0 705.8 692.5 797.1 736.7 695.7 723.3 18

19 Total assets 11119.6 12459.5 11958.7 11695.8 11594.9 12156.1 11939.1 12042.0 11948.4 12109.3 12913.9 19

20 Nonfinancial corporate business 6061.1 6601.9 5955.2 5857.3 5887.6 5857.5 5905.3 6090.0 6070.3 5984.8 5918.6 20

21 Nonfarm noncorporate business 1575.6 1902.0 2003.9 1921.3 1886.8 1859.8 1840.4 1837.9 1837.7 1837.8 1842.2 21

22 State and local governments -44.1 -26.7 -13.0 4.3 43.3 64.1 77.0 86.3 99.9 105.9 118.1 22

23 Federal government 91.0 91.4 62.0 94.3 94.0 74.8 80.3 84.5 83.6 83.3 83.0 23

24 Rest of the world 1823.7 2138.7 1741.3 1674.5 1602.4 2072.0 1843.4 1898.6 1760.9 1905.5 2551.7 24

25 Monetary authority 17.0 16.5 16.1 65.6 68.2 67.3 67.1 83.0 92.8 105.0 104.1 25

26 U.S.-chartered commercial banks 649.3 689.4 981.5 767.3 732.7 770.1 737.8 675.9 679.0 683.0 745.3 26

27 Foreign banking offices in U.S. -119.6 -104.9 259.7 143.9 135.8 229.5 197.2 148.7 187.2 256.8 378.4 27

28 Bank holding companies 250.0 281.4 374.8 478.5 457.7 469.6 475.2 480.6 525.8 538.6 535.6 28

29 Banks in U.S.-affiliated areas 5.9 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 11.9 11.7 29

30 Savings institutions 74.7 75.7 61.1 52.9 46.6 47.8 45.1 47.6 49.5 48.6 48.6 30

31 Credit unions 23.0 33.4 41.5 48.3 41.1 38.4 45.5 39.7 40.6 18.5 21.9 31

32 Life insurance companies 258.9 291.2 324.9 304.5 305.8 331.2 333.4 300.6 280.7 293.3 287.6 32

33 Private pension funds 101.8 88.6 61.0 70.0 65.7 61.6 60.4 42.8 38.4 34.1 33.7 33

34 State and local govt. retirement funds 16.3 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 18.0 34

35 Mutual funds 14.0 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 13.4 13.4 35

36 Money market mutual funds 59.2 90.9 47.9 59.1 54.8 58.1 59.8 66.9 65.2 64.0 68.3 36

37 Government-sponsored enterprises 114.7 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 154.0 37

38 Finance companies -25.6 -159.7 -191.0 -143.0 -158.5 -154.9 -165.5 -178.6 -171.8 -172.2 -166.4 38

39 REITs 59.7 55.4 54.6 46.1 48.6 54.5 58.8 53.5 59.6 63.3 66.0 39

40 Brokers and dealers 113.0 208.1 31.3 112.9 121.0 101.9 106.4 104.6 106.6 107.2 80.0 40

41 Discrepancy -6591.3 -7275.2 -4940.2 -5433.0 -5557.8 -5322.0 -5686.0 -5525.3 -5610.3 -5801.6 -5771.3 41