Z.1, March 8, 2012 61

L.1 Credit Market Debt Outstanding (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total credit market debt owed by: 50875.7 53296.6 53065.8 52683.5 52666.8 52940.9 53353.1 53558.7 53499.4 53827.4 54134.3 1

 2 Domestic nonfinancial sectors 32531.0 34468.0 35435.9 35805.8 36045.2 36459.9 36938.1 37168.2 37341.7 37834.4 38314.6 2

 3 Household sector 13782.4 13801.1 13570.2 13451.5 13386.4 13349.7 13328.6 13215.7 13208.4 13205.9 13222.9 3

 4 Nonfinancial corporate business 6933.6 7269.4 7052.9 7135.1 7170.1 7268.1 7355.1 7462.7 7583.4 7685.6 7800.0 4

 5 Nonfinancial noncorporate business 3824.9 4148.2 4008.1 3913.7 3847.1 3806.9 3803.3 3798.2 3798.3 3813.0 3831.3 5

 6 State and local governments 2867.8 2887.8 2999.3 3022.3 3014.0 3017.4 3065.5 3045.7 3013.0 3002.2 3006.8 6

 7 Federal government 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 10453.6 7

 8 Rest of the world 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.4 2272.0 2239.7 8

 9 Financial sectors 16218.4 17119.8 15539.6 14764.7 14514.8 14344.9 14141.8 14064.6 13836.3 13721.0 13580.0 9

10 U.S.-chartered commercial banks 629.6 708.6 576.1 906.8 878.5 839.9 824.9 796.9 783.2 765.9 768.9 10

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

12 Bank holding companies 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.3 984.4 964.0 12

13 Savings institutions 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 113.2 103.4 13

14 Credit unions 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 24.1 14

15 Life insurance companies 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 46.9 15

16 Government-sponsored enterprises 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 6233.7 16

17 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 17

18 ABS issuers 4544.7 4136.5 3292.6 2696.1 2563.6 2449.0 2339.0 2251.2 2192.9 2127.2 2068.8 18

19 Finance companies 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.4 918.1 918.0 19

20 REITs 421.2 367.4 317.4 318.5 316.4 325.3 315.2 326.4 345.3 351.8 346.3 20

21 Brokers and dealers 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 91.8 21

22 Funding corporations 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 731.2 711.9 22

23 Total credit market assets held by: 50875.7 53296.6 53065.8 52683.5 52666.8 52940.9 53353.1 53558.7 53499.4 53827.4 54134.3 23

24 Domestic nonfinancial sectors 7046.5 6886.9 7380.6 7517.4 7631.3 7634.4 7726.1 7716.5 7438.6 7346.2 7264.5 24

25 Household sector 4936.6 4865.2 5096.7 5192.1 5310.2 5252.9 5314.4 5288.3 5048.4 4987.9 4933.1 25

26 Nonfinancial corporate business 249.7 217.5 227.1 228.7 233.8 244.1 232.3 229.7 237.6 233.2 238.2 26

27 Nonfinancial noncorporate business 106.7 95.8 89.1 87.6 86.5 85.6 85.5 85.5 85.6 85.8 86.1 27

28 State and local governments 1466.9 1335.2 1298.5 1323.7 1312.9 1317.9 1339.3 1327.2 1302.4 1270.0 1254.9 28

29 Federal government 286.5 373.1 669.2 685.4 688.0 734.0 754.5 785.9 764.6 769.3 752.1 29

30 Rest of the world 7272.6 7504.6 7724.2 7852.0 7960.2 8160.4 8375.8 8393.5 8390.6 8555.9 8591.3 30

31 Financial sectors 36556.6 38905.1 37961.0 37314.1 37075.3 37146.0 37251.3 37448.6 37670.2 37925.3 38278.6 31

32 Monetary authority 740.6 986.0 1987.7 2151.8 2187.3 2150.3 2259.2 2479.2 2700.4 2686.1 2635.6 32

33 U.S.-chartered commercial banks 7666.8 8197.9 8071.7 8311.6 8212.3 8252.6 8270.4 8157.7 8148.1 8261.6 8427.3 33

34 Foreign banking offices in U.S. 963.3 1063.8 778.0 767.2 760.5 881.5 747.1 757.6 773.4 804.4 784.9 34

35 Bank holding companies 59.1 73.0 75.8 79.1 63.0 108.1 97.9 105.7 105.3 110.5 100.7 35

36 Banks in U.S.-affiliated areas 92.8 90.9 88.1 83.8 72.2 69.3 68.9 67.6 65.2 63.7 64.0 36

37 Savings institutions 1596.1 1320.0 1070.4 1073.0 1061.7 1067.2 1081.0 1064.8 1049.3 1048.4 1049.4 37

38 Credit unions 657.9 697.9 731.0 737.3 750.2 741.1 755.5 765.4 774.3 781.6 795.0 38

39 Property-casualty insurance companies 869.3 853.4 886.7 886.8 887.2 892.2 890.6 895.7 890.8 891.0 884.6 39

40 Life insurance companies 2871.2 2882.8 3022.6 3042.6 3083.7 3134.3 3174.2 3215.3 3243.5 3298.8 3327.3 40

41 Private pension funds 860.8 951.4 1063.0 1090.0 1114.3 1138.7 1171.0 1190.7 1217.2 1245.0 1272.9 41

42 State and local govt. retirement funds 820.3 833.5 824.7 823.7 819.3 815.8 816.5 825.0 820.5 835.6 832.5 42

43 Federal government retirement funds 96.1 120.3 127.7 129.4 133.6 138.3 138.7 142.2 146.1 154.2 158.0 43

44 Money market mutual funds 1936.4 2675.0 2031.0 1828.5 1703.3 1599.5 1621.0 1583.7 1521.0 1527.2 1628.2 44

45 Mutual funds 2203.1 2276.4 2657.2 2784.9 2834.3 2971.1 3031.4 3160.9 3267.8 3317.9 3453.0 45

46 Closed-end funds 170.9 129.9 139.5 142.5 140.6 142.8 144.4 146.6 147.2 142.4 143.3 46

47 Exchange-traded funds 34.0 57.0 102.9 113.2 124.6 133.4 132.6 138.0 148.9 160.4 171.4 47

48 Government-sponsored enterprises 2829.5 3037.5 2699.7 6577.4 6494.1 6385.1 6333.1 6327.9 6252.4 6176.5 6133.7 48

49 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 49

50 ABS issuers 4429.9 4038.3 3229.0 2638.7 2507.4 2392.7 2285.2 2195.7 2139.9 2077.9 2019.5 50

51 Finance companies 1828.2 1755.9 1532.6 1556.9 1526.1 1504.8 1482.8 1464.6 1435.3 1434.1 1427.2 51

52 REITs 246.5 177.6 168.9 173.1 177.8 192.7 206.0 258.0 301.9 324.2 320.7 52

53 Brokers and dealers 803.1 717.4 525.3 544.9 529.1 539.7 557.5 556.8 549.6 511.2 567.2 53

54 Funding corporations 316.0 1007.7 770.9 797.6 846.0 799.0 846.8 762.8 735.9 795.3 780.1 54

(1) Excludes corporate equities and mutual fund shares.
62 Z.1, March 8, 2012

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Domestic 32531.0 34468.0 35435.9 35805.8 36045.2 36459.9 36938.1 37168.2 37341.7 37834.4 38314.6 1

 2 By instrument 32531.0 34468.0 35435.9 35805.8 36045.2 36459.9 36938.1 37168.2 37341.7 37834.4 38314.6 2

 3 Commercial paper 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 116.2 3

 4 Treasury securities 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 10428.3 4

 5 Agency- and GSE-backed securities 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 25.0 25.3 5

 6 Municipal securities 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 3743.4 6

 7 Corporate bonds 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.7 4771.6 4848.3 4936.3 7

 8 Bank loans n.e.c. 1647.4 1839.9 1553.5 1573.9 1550.0 1548.0 1577.7 1579.6 1627.5 1682.0 1733.7 8

 9 Other loans and advances 1714.7 1789.6 1541.7 1504.1 1491.5 1473.5 1455.3 1448.0 1463.2 1474.4 1492.1 9

10 Mortgages 14361.5 14445.4 14160.4 13986.2 13870.2 13746.9 13645.9 13545.1 13459.1 13377.0 13318.3 10

11 Home 11173.1 11070.1 10870.9 10732.5 10665.5 10586.1 10526.6 10452.7 10397.5 10337.5 10290.7 11

12 Multifamily residential 761.9 812.6 820.1 815.3 811.7 811.9 810.1 810.3 810.1 811.3 813.5 12

13 Commercial 2313.9 2428.0 2338.0 2305.9 2259.3 2213.9 2173.0 2146.9 2117.2 2095.0 2081.9 13

14 Farm 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.3 134.3 133.2 132.2 14

15 Consumer credit 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2424.3 2466.7 2521.0 15

16 By sector 32531.0 34468.0 35435.9 35805.8 36045.2 36459.9 36938.1 37168.2 37341.7 37834.4 38314.6 16

17 Household sector 13782.4 13801.1 13570.2 13451.5 13386.4 13349.7 13328.6 13215.7 13208.4 13205.9 13222.9 17

18 Nonfinancial business 10758.4 11417.6 11061.0 11048.8 11017.2 11075.0 11158.4 11260.9 11381.7 11498.6 11631.3 18

19 Corporate 6933.6 7269.4 7052.9 7135.1 7170.1 7268.1 7355.1 7462.7 7583.4 7685.6 7800.0 19

20 Noncorporate 3824.9 4148.2 4008.1 3913.7 3847.1 3806.9 3803.3 3798.2 3798.3 3813.0 3831.3 20

21 State and local governments 2867.8 2887.8 2999.3 3022.3 3014.0 3017.4 3065.5 3045.7 3013.0 3002.2 3006.8 21

22 Federal government 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 10453.6 22

 Foreign credit market debt

23 held in U.S. 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.4 2272.0 2239.7 23

24 Commercial paper 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 352.4 344.8 24

25 Bonds 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.8 1756.6 1728.8 25

26 Bank loans n.e.c. 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 140.9 144.3 26

27 Other loans and advances 23.4 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 22.1 21.8 27

28 Domestic and foreign 34657.3 36176.7 37526.2 37918.8 38152.0 38595.9 39211.2 39494.0 39663.0 40106.4 40554.3 28

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 16218.4 17119.8 15539.6 14764.7 14514.8 14344.9 14141.8 14064.6 13836.3 13721.0 13580.0 1

 2 Open market paper 1251.8 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 527.3 508.3 2

 3 GSE issues 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 6233.7 3

 4 Agency- and GSE-backed mortgage pool sec. 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 4

 5 Corporate bonds 6291.0 6013.5 5722.5 5537.0 5380.7 5319.8 5170.5 5070.8 4982.4 4921.8 4827.3 5

 6 Bank loans n.e.c. 277.1 773.2 271.5 246.0 230.7 200.1 181.3 165.6 144.8 128.6 128.4 6

 7 Other loans and advances 867.1 900.5 617.9 561.4 530.5 488.0 473.2 442.5 424.8 408.7 405.9 7

 8 Mortgages 156.7 163.5 166.9 167.1 167.6 168.3 167.1 168.9 173.5 174.5 174.3 8

 9 By sector 16218.4 17119.8 15539.6 14764.7 14514.8 14344.9 14141.8 14064.6 13836.3 13721.0 13580.0 9

10 U.S.-chartered commercial banks 629.6 708.6 576.1 906.8 878.5 839.9 824.9 796.9 783.2 765.9 768.9 10

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

12 Bank holding companies 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.3 984.4 964.0 12

13 Savings institutions 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 113.2 103.4 13

14 Credit unions 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 24.1 14

15 Life insurance companies 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 46.9 15

16 Government-sponsored enterprises 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 6233.7 16

17 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 17

18 ABS issuers 4544.7 4136.5 3292.6 2696.1 2563.6 2449.0 2339.0 2251.2 2192.9 2127.2 2068.8 18

19 Finance companies 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.4 918.1 918.0 19

20 REITs 421.2 367.4 317.4 318.5 316.4 325.3 315.2 326.4 345.3 351.8 346.3 20

21 Brokers and dealers 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 91.8 21

22 Funding corporations 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 731.2 711.9 22
Z.1, March 8, 2012 63

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

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total 50875.7 53296.6 53065.8 52683.5 52666.8 52940.9 53353.1 53558.7 53499.4 53827.4 54134.3 1

 2 Open market paper 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 969.2 2

 3 Treasury securities 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 10428.3 3

 4 Agency- and GSE-backed securities 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 7585.0 7561.1 4

 5 Municipal securities 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 3743.4 5

 6 Corporate and foreign bonds 11435.9 11013.2 11432.5 11390.9 11292.4 11381.5 11468.0 11477.8 11505.9 11526.8 11492.5 6

 7 Bank loans n.e.c. 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1951.5 2006.5 7

 8 Other loans and advances 2605.3 2711.7 2181.4 2087.8 2043.9 1983.5 1950.6 1912.8 1909.8 1905.1 1919.8 8

 9 Mortgages 14518.2 14608.9 14327.3 14153.3 14037.8 13915.2 13813.0 13714.0 13632.6 13551.6 13492.6 9

10 Consumer credit 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2424.3 2466.7 2521.0 10

 Memo:

 Selected claims not included above:

11 Corporate equities 25580.9 15640.5 20123.2 21008.9 18733.5 21070.4 23249.0 24589.2 24451.5 20300.0 22211.4 11

12 Mutual fund shares 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 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) 50875.7 53296.6 53065.8 52683.5 52666.8 52940.9 53353.1 53558.7 53499.4 53827.4 54134.3 1

 2 U.S. official reserve assets 67.3 74.2 175.1 170.1 165.7 177.0 175.8 184.3 189.3 186.4 183.8 2

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

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

 5 Foreign deposits 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 941.7 933.5 896.1 5

 6 Net interbank liabilities 88.6 1890.5 1281.5 1194.1 1139.4 1029.3 1091.6 1802.4 1917.9 1979.4 1913.5 6

 7 Checkable deposits and currency 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2403.7 2592.6 7

 8 Small time and savings deposits 5224.5 5749.3 6326.5 6459.4 6443.4 6539.7 6624.9 6741.5 6898.8 7065.7 7202.8 8

 9 Large time deposits 2382.2 2191.6 1989.8 1887.8 1799.3 1836.9 1807.5 1811.8 1815.3 1658.4 1602.8 9

10 Money market fund shares 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 2642.5 10

11 Security RPs 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1220.8 1067.2 1108.2 11

12 Mutual fund shares 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 12

13 Security credit 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1323.8 1380.9 1312.4 13

14 Life insurance reserves 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 1338.9 14

15 Pension fund reserves 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13088.3 13483.5 13412.8 12466.6 13160.9 15

16 Trade payables 3398.0 3228.0 3204.2 3277.4 3313.7 3387.6 3403.0 3477.3 3553.4 3618.8 3679.0 16

17 Taxes payable 167.7 44.0 40.6 49.5 43.7 53.9 51.8 78.2 66.5 68.6 72.1 17

18 Miscellaneous 17441.8 19846.9 19678.3 19623.7 20415.9 20149.4 20433.6 20318.7 20416.6 21639.8 21267.7 18

19 Total liabilities 111689.7 112577.4 114647.2 114622.0 113912.4 115420.9 117743.0 119604.1 120121.5 119757.0 121094.8 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 25580.9 15640.5 20123.2 21008.9 18733.5 21070.4 23249.0 24589.2 24451.5 20300.0 22211.4 21

22 Household equity in noncorp. bus. 8951.2 7314.6 6428.9 6632.6 7004.3 6717.7 7162.7 7169.3 7145.0 7525.8 7298.7 22

 - Liabilities not identified as assets:

23 Treasury currency -11.3 -12.1 -16.5 -16.5 -17.0 -17.5 -17.6 -17.9 -18.0 -18.2 -18.3 23

24 Foreign deposits 1082.9 735.8 661.4 660.1 684.8 670.6 679.6 713.6 688.7 701.3 690.3 24

25 Net interbank transactions 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 83.3 104.2 89.4 25

26 Security RPs 628.0 32.6 410.9 462.0 438.8 359.3 295.6 223.4 208.8 186.7 172.6 26

27 Taxes payable -174.8 -345.3 -375.5 -371.4 -386.2 -388.5 -397.1 -380.0 -400.3 -394.5 -401.9 27

28 Miscellaneous -7147.8 -4807.1 -5298.2 -5421.3 -5181.1 -5534.7 -5366.2 -5427.8 -5487.4 -5163.6 -5523.2 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. 2.8 1.2 2.0 1.4 -0.6 1.6 2.5 2.6 3.5 1.7 2.5 30

31 Private domestic 7.3 5.3 4.2 3.3 3.4 3.5 3.2 3.3 3.4 3.9 4.1 31

32 Trade credit 118.1 130.9 208.3 221.7 162.0 201.4 267.1 252.6 226.0 247.3 351.1 32

33 Totals identified to sectors as assets 151706.7 139750.5 145527.6 146676.5 143883.2 147855.1 152636.9 155928.5 156421.1 151925.0 155249.5 33
64 Z.1, March 8, 2012

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

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 46230.9 38622.7 42609.9 43368.2 41612.7 43566.3 45551.7 46835.1 46583.2 43553.8 45254.4 1

 2 Foreign deposits 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 56.6 56.1 53.2 2

 3 Checkable deposits and currency 605.9 811.4 870.1 768.4 722.5 675.5 703.9 680.4 683.3 751.5 828.6 3

 4 Time and savings deposits 6247.9 6440.9 6543.3 6669.3 6667.4 6724.0 6759.2 6803.3 6954.4 6988.8 7049.1 4

 5 Money market fund shares 1421.0 1657.2 1386.8 1271.1 1211.6 1196.7 1200.4 1169.3 1157.5 1171.7 1177.9 5

 6 Securities 19108.5 13855.1 16565.0 17063.1 16130.3 17345.6 18482.0 19352.4 18962.5 16688.7 17574.0 6

 7 Open market paper 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 60.3 58.2 7

 8 U.S. savings bonds 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 185.2 8

 9 Treasury bills and other Treasury securities 127.6 114.4 670.5 827.7 1012.4 1036.5 972.3 882.9 706.2 777.4 818.3 9

10 Agency- and GSE-backed securities 689.2 733.5 139.0 107.9 148.9 182.0 219.0 306.7 279.7 232.1 196.1 10

11 Municipal securities 1730.7 1771.6 1901.6 1935.0 1938.9 1921.4 1962.8 1964.1 1933.0 1907.0 1884.3 11

12 Corporate and foreign bonds 2022.7 1961.6 2082.7 2011.6 1893.5 1790.7 1841.9 1815.7 1818.5 1768.2 1737.0 12

13 Corporate equities (2) 9636.8 5746.9 7408.7 7649.4 6918.7 7863.7 8663.1 9211.7 9008.2 7415.2 8140.2 13

14 Mutual fund shares 4597.9 3327.2 4136.7 4296.9 3974.2 4299.6 4571.7 4916.7 4965.9 4343.3 4554.7 14

15 Life insurance reserves 1076.8 1049.8 1109.2 1115.4 1098.5 1122.8 1137.2 1155.3 1167.8 1172.6 1190.6 15

16 Pension fund reserves 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13088.3 13483.5 13412.8 12466.6 13160.9 16

17 Life insurance companies 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2565.6 2586.6 2513.1 2568.0 17

18 Private pension funds 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6134.3 6363.6 6368.8 5754.4 6117.3 18

19 Governments 4495.1 3635.9 4084.2 4174.5 3952.5 4160.9 4449.4 4554.3 4457.4 4199.1 4475.5 19

20 Miscellaneous and other assets 4299.6 4342.9 4170.4 4139.2 4119.3 4116.3 4125.8 4133.3 4188.2 4257.9 4220.0 20

21 Total liabilities 19745.6 20079.1 19791.7 19582.6 19478.3 19420.1 19451.2 19384.9 19391.8 19360.7 19396.9 21

22 Home mortgages 11130.8 11037.4 10850.6 10714.1 10649.5 10571.3 10513.0 10440.3 10386.2 10326.8 10280.5 22

23 Other mortgages 2301.9 2529.9 2551.9 2527.3 2494.7 2466.9 2446.7 2439.3 2432.3 2425.5 2417.9 23

24 Consumer credit 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2424.3 2466.7 2521.0 24

25 Policy loans 114.5 120.4 121.1 121.7 122.4 123.5 124.5 124.8 125.5 126.4 126.8 25

26 Security credit 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 238.5 26

27 Other liabilities 3317.6 3632.4 3586.2 3617.1 3607.2 3616.8 3654.2 3662.9 3710.7 3763.4 3812.2 27

(1) Combined statement for households and nonprofit organizations and nonfinancial noncorporate 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, March 8, 2012 65

L.100 Households and Nonprofit Organizations (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 51574.6 42234.6 45434.3 46454.0 45116.1 46817.3 49252.4 50542.5 50262.2 47604.0 49067.2 1

 2 Deposits 7406.0 8013.5 7883.9 7808.6 7715.7 7719.9 7790.1 7782.1 7922.2 8035.4 8172.4 2

 3 Foreign deposits 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 56.6 56.1 53.2 3

 4 Checkable deposits and currency 90.3 292.0 330.3 237.4 198.2 156.1 185.3 161.5 163.6 229.9 304.8 4

 5 Time and savings deposits 5888.5 6082.8 6190.0 6322.0 6324.6 6384.6 6420.3 6464.5 6615.2 6648.7 6707.7 5

 6 Money market fund shares 1346.7 1581.8 1313.1 1198.7 1140.0 1125.9 1129.7 1098.6 1086.8 1100.7 1106.7 6

 7 Credit market instruments 4936.6 4865.2 5096.7 5192.1 5310.2 5252.9 5314.4 5288.3 5048.4 4987.9 4933.1 7

 8 Open market paper 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 60.3 58.2 8

 9 Treasury securities 264.6 256.5 815.5 972.5 1157.2 1180.8 1115.9 1025.4 847.9 918.1 958.9 9

10 Savings bonds 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 185.2 10

11 Bills and other Treasury securities 68.3 62.6 624.3 782.3 967.6 992.1 928.0 838.6 662.0 733.0 773.7 11

12 Agency- and GSE-backed securities 689.2 733.5 139.0 107.9 148.9 182.0 219.0 306.7 279.7 232.1 196.1 12

13 Municipal securities 1725.4 1766.7 1896.5 1930.0 1934.0 1916.5 1957.9 1959.3 1928.1 1902.1 1879.4 13

14 Corporate and foreign bonds 2022.7 1961.6 2082.7 2011.6 1893.5 1790.7 1841.9 1815.7 1818.5 1768.2 1737.0 14

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

16 Mortgages 109.8 111.2 101.5 99.9 96.5 93.4 90.2 87.6 84.3 82.4 78.9 16

17 Corporate equities (3) 9636.8 5746.9 7408.7 7649.4 6918.7 7863.7 8663.1 9211.7 9008.2 7415.2 8140.2 17

18 Mutual fund shares 4597.9 3327.2 4136.7 4296.9 3974.2 4299.6 4571.7 4916.7 4965.9 4343.3 4554.7 18

19 Security credit 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 752.3 19

20 Life insurance reserves 1076.8 1049.8 1109.2 1115.4 1098.5 1122.8 1137.2 1155.3 1167.8 1172.6 1190.6 20

21 Pension fund reserves 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13088.3 13483.5 13412.8 12466.6 13160.9 21

22 Equity in noncorporate business 8951.2 7314.6 6428.9 6632.6 7004.3 6717.7 7162.7 7169.3 7145.0 7525.8 7298.7 22

23 Miscellaneous assets 712.2 766.3 787.1 788.1 798.4 811.9 830.6 832.3 834.1 852.3 864.1 23

24 Total liabilities 14346.4 14229.7 14048.0 13930.5 13892.2 13874.7 13905.7 13835.8 13829.5 13768.3 13773.9 24

25 Credit market instruments 13782.4 13801.1 13570.2 13451.5 13386.4 13349.7 13328.6 13215.7 13208.4 13205.9 13222.9 25

26 Home mortgages (4) 10545.7 10496.5 10351.2 10227.5 10175.3 10104.6 10050.9 9984.9 9936.9 9882.4 9840.5 26

27 Consumer credit 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2424.3 2466.7 2521.0 27

28 Municipal securities 250.7 258.7 264.6 265.7 263.5 260.8 262.3 261.9 260.7 256.1 254.4 28

29 Bank loans n.e.c. (5) 99.7 117.7 147.8 226.4 237.5 256.3 263.2 251.0 271.7 286.8 294.8 29

30 Other loans and advances 127.0 133.2 133.7 134.3 134.7 135.8 136.1 136.4 136.9 137.8 138.0 30

31 Commercial mortgages 204.0 200.9 194.0 191.5 187.9 184.3 181.4 179.6 177.9 176.1 174.1 31

32 Security credit 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 238.5 32

33 Trade payables 214.5 236.7 252.7 258.0 263.3 268.7 274.1 279.1 282.6 286.0 288.2 33

 Deferred and unpaid

34 life insurance premiums 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 24.3 34

(1) Sector includes 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, March 8, 2012

L.101 Nonfinancial Business (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 17358.0 16630.8 16933.5 17076.6 17157.7 17416.3 17691.9 17945.3 18190.0 18294.3 18654.6 1

 2 Foreign deposits 50.3 24.7 31.5 38.6 49.4 59.8 72.0 79.0 84.2 89.4 94.0 2

 3 Checkable deposits and currency 662.9 558.0 705.8 770.5 811.9 870.4 963.6 1020.9 1078.5 1136.9 1195.8 3

 4 Time and savings deposits 800.7 740.0 842.1 805.3 781.0 810.7 810.5 860.9 885.2 912.4 940.8 4

 5 Money market fund shares 618.7 777.9 719.8 640.7 595.8 592.6 588.2 568.1 551.7 529.7 538.1 5

 6 Security RPs 8.1 7.2 7.9 9.0 9.2 6.6 12.2 12.8 12.1 11.4 11.6 6

 7 Credit market instruments 356.4 313.4 316.3 316.3 320.3 329.7 317.8 315.2 323.2 319.0 324.3 7

 8 Commercial paper 69.5 57.3 56.0 57.2 63.8 72.5 71.4 76.0 75.1 73.9 74.8 8

 9 Treasury securities 97.7 82.3 89.1 95.1 97.0 97.7 87.6 87.0 94.5 94.5 95.5 9

10 Agency- and GSE-backed securities 12.8 10.2 14.3 16.6 17.4 18.0 15.2 13.4 15.9 14.0 15.0 10

11 Municipal securities 34.5 31.1 32.2 28.2 25.0 26.2 25.7 25.1 24.9 24.6 24.1 11

12 Mortgages 83.5 72.8 67.5 65.8 64.3 62.9 61.8 60.8 59.8 58.9 58.0 12

13 Consumer credit 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 53.1 57.0 13

14 Mutual fund shares 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 238.0 215.5 229.3 14

15 Trade receivables 2778.7 2603.7 2546.8 2592.4 2684.8 2718.2 2665.9 2751.9 2850.2 2886.2 2845.9 15

16 Miscellaneous assets 11891.2 11480.0 11573.1 11704.4 11717.2 11821.7 12038.8 12101.7 12166.8 12193.7 12474.8 16

17 Total liabilities 18315.2 19074.4 18641.9 18638.2 18623.3 18734.1 18824.3 18948.2 19041.3 19095.5 19219.8 17

18 Credit market instruments 10758.4 11417.6 11061.0 11048.8 11017.2 11075.0 11158.4 11260.9 11381.7 11498.6 11631.3 18

19 Commercial paper 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 116.2 19

20 Municipal securities 341.5 409.7 447.5 456.4 466.9 470.3 482.3 485.4 491.4 490.3 497.4 20

21 Corporate bonds 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.7 4771.6 4848.3 4936.3 21

22 Bank loans n.e.c. 1547.7 1722.2 1405.7 1347.6 1312.4 1291.6 1314.5 1328.6 1355.8 1395.2 1438.9 22

23 Other loans and advances 1575.8 1643.7 1394.4 1356.2 1343.1 1323.7 1304.8 1297.2 1311.6 1321.6 1338.9 23

24 Mortgages 3611.8 3748.0 3615.2 3567.2 3507.0 3458.0 3413.6 3380.6 3344.3 3318.6 3303.7 24

25 Trade payables 2272.8 2053.4 1975.8 2019.5 2037.4 2085.5 2116.8 2163.3 2233.2 2289.7 2347.3 25

26 Taxes payable 135.3 145.1 135.6 147.2 140.0 142.0 133.8 152.0 141.9 148.2 143.9 26

27 Miscellaneous liabilities 5148.7 5458.2 5469.5 5422.7 5428.7 5431.7 5415.2 5372.0 5284.5 5159.1 5097.3 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
Z.1, March 8, 2012 67

L.102 Nonfinancial Corporate Business

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 13762.1 12937.7 13341.1 13544.1 13670.9 13962.5 14243.7 14496.8 14737.1 14830.3 15179.0 1

 2 Foreign deposits 50.3 24.7 31.5 38.6 49.4 59.8 72.0 79.0 84.2 89.4 94.0 2

 3 Checkable deposits and currency 147.3 38.6 166.0 239.5 287.6 350.9 445.0 502.0 558.8 615.4 672.0 3

 4 Time and savings deposits 441.3 381.9 488.8 458.0 438.3 471.2 471.6 522.1 546.0 572.3 599.4 4

 5 Money market fund shares 544.4 702.6 646.1 568.3 524.3 521.8 517.5 497.4 481.0 458.8 466.9 5

 6 Security RPs 8.1 7.2 7.9 9.0 9.2 6.6 12.2 12.8 12.1 11.4 11.6 6

 7 Credit market instruments 249.7 217.5 227.1 228.7 233.8 244.1 232.3 229.7 237.6 233.2 238.2 7

 8 Commercial paper 69.5 57.3 56.0 57.2 63.8 72.5 71.4 76.0 75.1 73.9 74.8 8

 9 Treasury securities 38.3 30.5 43.0 49.7 52.2 53.4 43.4 42.8 50.2 50.1 50.9 9

10 Agency- and GSE-backed securities 12.8 10.2 14.3 16.6 17.4 18.0 15.2 13.4 15.9 14.0 15.0 10

11 Municipal securities 29.2 26.2 27.1 23.2 20.1 21.3 20.8 20.3 20.0 19.7 19.2 11

12 Mortgages 41.4 33.6 29.5 28.5 27.5 26.5 25.4 24.4 23.4 22.4 21.3 12

13 Consumer credit 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 53.1 57.0 13

14 Mutual fund shares 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 238.0 215.5 229.3 14

15 Trade receivables 2253.0 2081.1 2050.5 2104.5 2203.3 2241.3 2189.8 2275.9 2373.8 2408.3 2366.2 15

16 Miscellaneous assets 9877.0 9358.3 9533.1 9698.2 9736.8 9860.1 10080.3 10143.1 10205.6 10226.1 10501.5 16

17 U.S. direct investment abroad (1) 2892.9 3011.1 3294.0 3404.4 3471.6 3545.5 3585.2 3681.6 3815.2 3894.1 3950.4 17

18 Insurance receivables 299.9 311.1 310.2 309.9 312.8 314.6 313.2 313.3 319.1 322.5 318.5 18

19 Equity in GSEs 0.7 0.4 0.5 0.5 0.4 0.5 0.6 0.7 0.6 0.5 0.5 19

20 Investment in finance company subs. 81.5 80.5 71.2 95.9 94.6 94.2 91.5 108.7 113.2 112.9 113.0 20

21 Other 6601.9 5955.2 5857.3 5887.6 5857.5 5905.3 6089.9 6038.8 5957.5 5896.0 6119.1 21

22 Total liabilities 12916.0 13225.0 12898.3 12986.1 13037.2 13188.7 13278.7 13399.0 13479.0 13503.1 13596.7 22

23 Credit market instruments 6933.6 7269.4 7052.9 7135.1 7170.1 7268.1 7355.1 7462.7 7583.4 7685.6 7800.0 23

24 Commercial paper 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 116.2 24

25 Municipal securities (2) 341.5 409.7 447.5 456.4 466.9 470.3 482.3 485.4 491.4 490.3 497.4 25

26 Corporate bonds (1) 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.7 4771.6 4848.3 4936.3 26

27 Bank loans n.e.c. 621.1 676.1 475.9 474.9 464.2 460.1 468.6 476.3 486.3 500.8 519.6 27

28 Other loans and advances (3) 1360.5 1411.5 1173.4 1137.5 1125.3 1097.7 1074.8 1066.3 1086.4 1096.8 1110.6 28

29 Mortgages 928.8 878.1 757.9 744.9 726.0 708.7 686.2 665.5 640.7 624.7 619.9 29

30 Trade payables 1897.9 1672.7 1587.5 1634.4 1657.7 1712.9 1748.5 1795.0 1862.2 1915.0 1973.1 30

31 Taxes payable 35.8 39.0 35.7 49.5 43.9 47.1 39.1 57.3 47.0 53.0 48.2 31

32 Miscellaneous liabilities 4048.6 4243.9 4222.2 4167.2 4165.6 4160.7 4136.0 4084.1 3986.4 3849.6 3775.5 32

33 Foreign direct investment in U.S. 1961.9 2050.3 2025.8 2070.8 2099.2 2166.0 2175.2 2199.5 2247.7 2320.1 2373.6 33

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

35 Other 2039.5 2145.7 2146.0 2046.4 2016.8 1945.2 1911.6 1835.6 1689.7 1480.4 1352.5 35

 Memo:

36 Trade receivables net of payables 355.1 408.3 463.0 470.1 545.6 528.4 441.2 480.9 511.6 493.4 393.1 36

37 Market value of equities 15730.7 10016.6 12494.7 12914.3 11488.2 12905.4 14422.3 15339.3 15246.8 12867.3 14276.6 37

38 Securities and mortgages 4828.1 5050.3 5345.2 5449.1 5498.6 5612.4 5728.8 5809.6 5903.7 5963.3 6053.6 38

39 Loans and short-term paper 2105.4 2219.1 1707.7 1685.9 1671.4 1655.7 1626.3 1653.0 1679.6 1722.3 1746.4 39

40 Total short-term liabilities (4) 4039.2 3930.8 3330.9 3369.8 3373.0 3415.7 3413.9 3505.3 3588.8 3690.2 3767.7 40

41 Total liquid assets (5) 1532.1 1404.8 1670.8 1659.2 1650.4 1782.2 1892.1 2000.7 2081.3 2120.4 2233.0 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 69.6 69.5 75.8 76.4 76.7 77.2 77.9 77.8 77.9 77.6 77.6 42

43 Short-term debt/credit market debt 30.4 30.5 24.2 23.6 23.3 22.8 22.1 22.2 22.1 22.4 22.4 43

44 Liquid assets/short-term liabilities 37.9 35.7 50.2 49.2 48.9 52.2 55.4 57.1 58.0 57.5 59.3 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) Sum of lines 24, 27, 28, 30, and 31. 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, March 8, 2012

L.103 Nonfinancial Noncorporate Business

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3595.9 3693.1 3592.4 3532.5 3486.9 3453.8 3448.3 3448.5 3452.9 3464.0 3475.6 1

 2 Checkable deposits and currency 515.6 519.4 539.8 531.0 524.3 519.5 518.6 518.9 519.7 521.6 523.8 2

 3 Time and savings deposits 359.3 358.1 353.3 347.3 342.8 339.4 338.9 338.8 339.2 340.2 341.4 3

 4 Money market fund shares 74.3 75.4 73.7 72.5 71.5 70.8 70.7 70.7 70.8 71.0 71.2 4

 5 Credit market instruments 106.7 95.8 89.1 87.6 86.5 85.6 85.5 85.5 85.6 85.8 86.1 5

 6 Treasury securities 59.3 51.8 46.1 45.4 44.8 44.3 44.3 44.3 44.3 44.4 44.6 6

 7 Municipal securities 5.3 4.9 5.1 5.0 4.9 4.9 4.9 4.9 4.9 4.9 4.9 7

 8 Mortgages 42.1 39.1 37.9 37.3 36.8 36.4 36.4 36.3 36.4 36.5 36.6 8

 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Trade receivables 525.6 522.7 496.3 487.9 481.5 476.8 476.1 476.0 476.4 477.9 479.7 10

11 Miscellaneous assets 2014.3 2121.8 2040.0 2006.2 1980.3 1961.6 1958.4 1958.6 1961.3 1967.6 1973.3 11

12 Insurance receivables 107.3 111.5 112.4 112.3 113.0 113.2 112.5 113.0 115.1 116.8 116.4 12

13 Equity investment in GSEs (1) 5.0 6.4 6.3 6.4 6.4 6.7 6.7 6.7 6.8 7.0 7.0 13

14 Other 1902.0 2003.9 1921.3 1887.5 1860.8 1841.7 1839.2 1839.0 1839.3 1843.9 1849.9 14

15 Total liabilities 5399.3 5849.4 5743.6 5652.1 5586.1 5545.4 5545.6 5549.1 5562.3 5592.4 5623.1 15

16 Credit market instruments 3824.9 4148.2 4008.1 3913.7 3847.1 3806.9 3803.3 3798.2 3798.3 3813.0 3831.3 16

17 Bank loans n.e.c. 926.5 1046.1 929.8 872.7 848.2 831.6 845.9 852.3 869.5 894.4 919.3 17

18 Other loans and advances 215.3 232.2 221.0 218.7 217.8 226.1 230.0 230.9 225.2 224.8 228.2 18

19 Mortgages 2683.0 2869.9 2857.3 2822.3 2781.1 2749.3 2727.4 2715.1 2703.6 2693.8 2683.8 19

20 Trade payables 374.9 380.7 388.3 385.1 379.7 372.6 368.3 368.3 371.0 374.7 374.2 20

21 Taxes payable 99.5 106.2 99.9 97.7 96.1 94.9 94.7 94.7 94.8 95.2 95.6 21

22 Miscellaneous liabilities 1100.0 1214.3 1247.4 1255.5 1263.1 1271.0 1279.2 1287.9 1298.1 1309.5 1321.9 22

(1) Equity in the Farm Credit System.
Z.1, March 8, 2012 69

L.105 State and Local Governments (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 2516.9 2423.3 2502.7 2592.1 2562.5 2585.4 2631.9 2604.2 2571.9 2525.3 2524.8 1

 2 Checkable deposits and currency 57.1 65.6 84.9 81.0 81.8 81.4 91.5 90.0 95.4 94.2 107.2 2

 3 Time and savings deposits 245.9 265.1 275.9 281.9 265.1 268.7 275.5 278.8 274.4 279.9 293.2 3

 4 Money market fund shares 79.3 77.5 81.6 85.0 84.1 85.3 86.9 86.3 85.8 84.6 84.6 4

 5 Security RPs 156.1 152.6 160.6 167.3 165.5 167.9 171.2 170.0 168.8 166.6 166.5 5

 6 Credit market instruments 1466.9 1335.2 1298.5 1323.7 1312.9 1317.9 1339.3 1327.2 1302.4 1270.0 1254.9 6

 7 Open market paper 184.3 119.8 65.3 57.2 54.9 63.0 72.2 82.6 86.0 88.1 93.0 7

 8 Treasury securities 525.1 475.1 493.9 499.9 504.8 498.1 503.6 490.5 473.0 454.5 444.6 8

 9 Agency- and GSE-backed securities 444.0 434.1 417.0 430.9 420.9 422.7 427.0 418.7 410.3 398.9 388.8 9

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

11 Corporate and foreign bonds 140.7 137.5 144.8 150.8 149.2 151.3 154.3 153.2 152.2 150.2 150.1 11

12 Mortgages 167.3 163.3 171.8 179.0 177.1 176.8 176.1 176.1 174.9 172.5 172.4 12

13 Corporate equities 108.0 82.1 117.7 114.7 106.0 107.6 109.9 109.1 108.3 106.7 106.7 13

14 Mutual fund shares 32.8 32.0 33.7 35.1 29.7 30.2 30.9 30.7 30.4 30.0 30.0 14

15 Trade receivables 159.9 156.4 164.6 171.5 169.7 172.1 175.4 174.2 173.0 170.7 170.7 15

16 Taxes receivable 237.5 269.8 280.9 281.8 286.9 295.5 298.0 303.5 308.2 300.4 307.5 16

17 Miscellaneous assets -26.7 -13.0 4.3 50.1 60.8 58.8 53.2 34.3 25.3 22.1 3.6 17

18 Total liabilities 3421.3 3480.4 3629.7 3662.2 3663.5 3676.6 3734.3 3724.3 3701.5 3700.5 3715.0 18

19 Credit market instruments 2867.8 2887.8 2999.3 3022.3 3014.0 3017.4 3065.5 3045.7 3013.0 3002.2 3006.8 19

20 Municipal securities 2855.9 2875.0 2985.7 3008.6 3000.2 3003.5 3051.1 3031.2 2998.3 2987.2 2991.6 20

21 Short-term 51.2 55.9 63.6 63.7 47.3 52.0 63.0 60.1 37.6 48.0 52.3 21

22 Other 2804.7 2819.2 2922.1 2945.0 2952.9 2951.5 2988.1 2971.0 2960.7 2939.2 2939.3 22

23 U.S. government loans 11.9 12.7 13.5 13.7 13.8 13.9 14.4 14.5 14.7 15.0 15.3 23

24 Trade payables 553.5 592.7 630.4 639.9 649.5 659.1 668.8 678.6 688.5 698.4 708.2 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 686.6 1268.2 1351.3 1380.5 1436.3 1519.4 1579.0 1402.6 1417.2 1342.9 1355.8 1

 2 U.S. official reserve assets 36.4 41.9 94.6 92.2 89.8 96.3 95.4 102.1 105.9 105.0 103.9 2

 3 Checkable deposits and currency 56.5 368.0 193.6 219.5 291.6 310.2 342.1 117.5 135.5 57.6 84.3 3

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

 5 Credit market instruments 286.5 373.1 669.2 685.4 688.0 734.0 754.5 785.9 764.6 769.3 752.1 5

 6 Agency- and GSE-backed securities 0.0 54.4 196.4 186.4 175.3 164.4 149.2 138.4 103.7 70.6 31.1 6

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

 8 Other loans and advances 105.8 111.8 177.9 181.5 181.1 182.0 181.4 183.6 180.6 182.5 184.5 8

 9 Mortgages 82.4 95.8 108.4 107.1 108.4 106.6 106.6 107.8 109.3 109.3 110.6 9

10 Consumer credit (1) 98.4 111.0 186.0 209.8 222.6 280.3 316.4 355.2 370.1 406.1 425.1 10

11 Corporate equities (2) 0.0 188.7 67.4 50.2 49.6 50.8 49.9 55.1 61.1 56.7 57.5 11

12 Trade receivables 60.6 64.7 43.6 45.0 42.0 42.7 42.9 44.7 47.0 46.7 44.8 12

13 Taxes receivable 105.0 119.4 135.1 139.1 143.0 146.9 150.8 154.8 158.7 162.6 166.5 13

14 Miscellaneous assets 138.7 110.8 145.8 147.2 130.5 136.8 141.4 141.0 142.7 143.2 144.9 14

15 Total liabilities 6537.4 7888.4 9405.9 9877.4 10235.4 10648.0 11095.7 11359.2 11366.5 11875.1 12282.3 15

16 SDR allocations 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 54.2 16

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

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

19 Credit market instruments 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 10453.6 19

20 Savings bonds 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 185.2 20

21 Treasury bills 999.5 1861.2 1787.9 1838.0 1777.0 1783.7 1768.9 1694.7 1529.4 1475.6 1519.5 21

22 Other Treasury securities 3903.3 4283.0 5802.8 6231.4 6637.2 7021.4 7404.7 7739.9 7998.7 8442.0 8723.7 22

23 Budget agency securities 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 25.0 25.3 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 238.2 260.8 204.6 218.0 227.4 226.8 226.7 242.6 249.3 253.9 255.3 25

26 Insurance reserves 45.4 46.4 47.5 47.4 47.6 47.8 48.4 48.5 48.9 49.2 49.7 26

27 Miscellaneous liabilities (3) 1094.2 1183.5 1261.6 1243.8 1249.1 1269.6 1349.4 1335.1 1242.0 1358.1 1438.3 27

28 Nonmarketable securities held by pension plans 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 1213.7 28

29 Other 142.2 168.2 184.4 183.2 184.3 188.1 206.5 206.3 199.9 208.8 224.6 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, March 8, 2012

L.107 Rest of the World

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 15875.4 14994.5 15601.0 15830.8 16050.5 16435.3 17163.2 17612.0 17735.3 17940.5 18044.2 1

 2 SDR allocations 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 54.2 2

 3 Net interbank assets -56.9 362.9 69.0 19.6 39.4 -24.0 10.2 268.1 184.0 227.8 201.5 3

 4 U.S. checkable deposits and currency 306.1 370.1 361.0 363.9 367.0 375.2 390.5 409.9 425.7 444.2 466.2 4

 5 U.S. time deposits 207.6 273.1 230.0 221.6 225.3 231.2 247.7 262.5 261.1 274.9 272.6 5

 6 Money market fund shares 46.0 69.7 76.9 75.8 74.7 72.2 69.8 67.3 64.8 64.1 63.3 6

 7 Security RPs (net) 338.4 114.9 31.0 -31.4 -123.1 -118.6 -98.6 -40.8 -55.7 -107.4 -44.9 7

 8 Credit market instruments 7272.6 7504.6 7724.2 7852.0 7960.2 8160.4 8375.8 8393.5 8390.6 8555.9 8591.3 8

 9 Open market paper 278.1 232.9 191.5 194.1 187.4 192.6 192.3 199.3 195.1 199.5 190.7 9

10 Treasury securities 2376.4 3253.0 3671.4 3852.9 3966.7 4216.4 4385.3 4422.3 4442.5 4597.6 4671.4 10

11 Official 1736.7 2400.5 2879.6 2977.0 3008.7 3197.7 3320.7 3354.2 3433.8 3465.1 3440.8 11

12 Private 639.8 852.5 791.8 876.0 958.0 1018.7 1064.6 1068.1 1008.7 1132.6 1230.6 12

13 Agency- and GSE-backed securities 1582.4 1406.9 1154.8 1116.5 1128.0 1096.1 1077.3 1054.6 1033.1 1032.9 1021.4 13

14 Official 954.3 940.5 749.0 733.6 755.3 690.0 669.2 680.3 681.0 667.1 657.3 14

15 Private 628.0 466.4 405.9 382.9 372.7 406.0 408.1 374.2 352.2 365.8 364.1 15

16 Municipal securities 45.1 51.0 58.7 62.7 66.8 69.3 71.7 74.2 76.7 79.7 82.7 16

17 U.S. corporate bonds (1) 2719.1 2353.5 2465.3 2440.1 2413.9 2423.0 2488.6 2480.8 2461.3 2451.3 2422.5 17

18 Loans to U.S. corporate business 271.5 207.3 182.5 185.6 197.4 163.1 160.4 162.3 181.9 195.0 202.6 18

19 U.S. corporate equities 2812.2 1806.6 2477.2 2673.7 2343.2 2660.3 2926.1 3101.5 3217.6 2702.4 3026.4 19

20 Mutual fund shares 373.5 256.2 363.6 399.9 396.4 458.1 513.8 569.6 599.8 527.2 556.8 20

21 Trade receivables 83.6 90.1 96.7 106.8 114.4 111.9 116.1 115.9 117.8 131.7 132.4 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 4484.6 4138.7 4116.2 4095.3 4600.7 4453.6 4557.5 4408.5 4472.9 5064.7 4724.4 23

24 Foreign direct investment in U.S. (2) 2345.9 2397.4 2441.7 2492.9 2528.7 2612.6 2658.9 2686.7 2742.9 2822.9 2884.0 24

25 Other 2138.7 1741.3 1674.5 1602.4 2072.0 1841.0 1898.6 1721.8 1730.1 2241.8 1840.4 25

26 Total liabilities 8542.3 8599.1 8790.5 8898.7 9580.7 9162.9 9728.9 9849.0 9958.1 10926.1 10447.8 26

27 U.S. official reserve assets (3) 59.5 66.6 119.7 116.5 113.5 122.1 121.4 128.3 132.8 131.3 129.6 27

28 U.S. private deposits 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 941.7 933.5 896.1 28

29 Credit market instruments 2126.3 1708.8 2090.3 2113.0 2106.8 2136.0 2273.1 2325.9 2321.4 2272.0 2239.7 29

30 Commercial paper 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 352.4 344.8 30

31 Bonds 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.8 1756.6 1728.8 31

32 Bank loans n.e.c. 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 140.9 144.3 32

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

34 Banks 30.2 33.0 27.9 30.4 33.1 34.1 39.7 45.7 49.1 53.0 51.0 34

35 Other 70.8 72.4 65.8 63.8 64.3 70.0 71.2 77.1 78.2 84.8 90.7 35

36 U.S. government loans 23.1 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 22.1 21.8 36

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

38 Trade payables 73.1 63.2 70.6 79.7 84.0 92.3 98.4 95.1 80.4 74.5 65.8 38

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

40 Miscellaneous liabilities 4942.4 5813.9 5669.2 5747.8 6396.8 5924.5 6323.8 6342.1 6481.8 7514.8 7116.5 40

41 U.S. equity in IBRD, etc. 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 54.7 56.1 41

42 Nonofficial foreign currencies 24.5 554.2 10.9 0.7 2.1 0.9 0.8 0.7 1.0 1.6 101.1 42

43 U.S. direct investment abroad (1,2) 3553.1 3748.5 4067.5 4184.1 4260.2 4345.7 4429.4 4528.1 4673.1 4752.5 4819.8 43

44 Other 1318.0 1462.8 1540.8 1512.6 2082.9 1525.8 1841.2 1760.4 1753.5 2706.0 2139.5 44

 Memo:

45 Market value of foreign equities 5248.0 2748.4 3995.3 4103.8 3624.9 4261.3 4485.6 4674.9 4661.8 3713.5 3862.9 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, March 8, 2012 71

L.108 Financial Business (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 63695.2 62199.1 63704.7 63342.4 61560.0 63081.5 64318.5 65822.0 66244.5 64218.1 65602.9 1

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

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

 4 Treasury currency 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 44.1 44.2 4

 5 Foreign deposits 127.3 129.3 97.1 92.5 92.5 104.2 105.9 107.5 112.2 86.7 58.5 5

 6 Net interbank assets 124.4 1475.9 1126.4 1115.6 1026.0 983.8 1019.6 1459.0 1650.6 1647.4 1622.7 6

 7 Checkable deposits and currency 350.0 441.0 411.6 390.2 419.8 382.9 381.1 387.6 408.9 435.2 427.7 7

 8 Time and savings deposits 461.1 578.4 776.4 714.3 644.7 679.7 676.5 685.0 676.4 606.4 589.6 8

 9 Money market fund shares 942.5 1250.3 1066.9 930.6 865.7 870.1 880.7 859.2 848.7 799.3 849.8 9

10 Federal funds and security RPs 1029.2 963.0 842.0 854.4 833.5 875.5 846.9 893.0 886.8 809.9 802.4 10

11 Credit market instruments 36556.6 38905.1 37961.0 37314.1 37075.3 37146.0 37251.3 37448.6 37670.2 37925.3 38278.6 11

12 Open market paper 1149.5 1183.4 790.0 727.9 667.7 659.5 658.0 705.4 660.5 582.7 552.5 12

13 Treasury securities 1835.4 2271.3 2712.0 2839.2 2878.1 3000.7 3269.1 3596.2 3856.1 4037.9 4257.9 13

14 Agency- and GSE-backed securities 4669.4 5527.5 6185.2 5798.7 5770.8 5734.9 5710.4 5716.9 5735.1 5836.5 5908.8 14

15 Municipal securities 1637.6 1689.2 1704.8 1704.0 1699.0 1716.7 1734.2 1713.9 1714.8 1721.3 1751.3 15

16 Corporate and foreign bonds 6553.4 6560.6 6739.2 6787.8 6835.1 7015.7 6982.3 7027.1 7073.0 7156.3 7182.0 16

17 Bank loans n.e.c. 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1951.5 2006.5 17

18 Other loans and advances 2210.4 2362.7 1794.3 1695.1 1639.7 1612.1 1582.6 1541.1 1522.4 1503.0 1508.0 18

19 Mortgages 14075.3 14165.9 13878.1 13701.7 13591.6 13475.6 13378.4 13281.7 13204.3 13128.5 13072.7 19

20 Consumer credit 2398.3 2423.3 2235.7 2142.8 2112.1 2075.1 2062.3 1993.9 2001.1 2007.4 2038.9 20

21 Corporate equities 13023.9 7816.2 10052.2 10520.9 9316.0 10388.0 11500.0 12111.8 12056.3 10019.0 10880.6 21

22 Mutual fund shares 2633.8 1694.1 2237.4 2363.9 2175.8 2407.2 2595.2 2720.1 2736.3 2416.8 2585.2 22

23 Trade receivables 197.1 182.2 144.2 139.9 140.8 141.2 135.6 138.0 139.3 136.2 134.2 23

24 Security credit 660.0 385.8 422.6 428.8 460.1 476.9 520.5 554.8 566.1 576.0 560.1 24

25 Life insurance reserves 124.7 130.0 132.8 134.1 137.2 139.0 141.1 142.5 143.4 145.8 148.3 25

26 Miscellaneous assets 7389.5 8171.1 8349.8 8259.9 8289.5 8401.3 8178.3 8228.8 8262.1 8527.5 8579.1 26

27 Total liabilities 60527.2 59305.3 60131.2 59615.0 57917.3 59324.6 60454.2 61887.6 62224.7 60391.5 61656.1 27

28 Net interbank liabilities 88.6 1890.5 1281.5 1194.1 1139.4 1029.3 1091.6 1802.4 1917.9 1979.4 1913.5 28

29 Checkable deposits and currency 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2403.7 2592.6 29

30 Time and savings deposits 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.0 8724.0 8805.6 30

31 Money market fund shares 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 2642.5 31

32 Federal funds and security RPs 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1220.8 1067.2 1108.2 32

33 Credit market instruments 16218.4 17119.8 15539.6 14764.7 14514.8 14344.9 14141.8 14064.6 13836.3 13721.0 13580.0 33

34 Open market paper 1251.8 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 527.3 508.3 34

35 Agency- and GSE-backed securities 7374.6 8143.4 8083.3 7633.4 7637.6 7594.1 7574.0 7624.3 7553.3 7560.0 7535.8 35

36 Corporate and foreign bonds 6291.0 6013.5 5722.5 5537.0 5380.7 5319.8 5170.5 5070.8 4982.4 4921.8 4827.3 36

37 Bank loans n.e.c. 277.1 773.2 271.5 246.0 230.7 200.1 181.3 165.6 144.8 128.6 128.4 37

38 Other loans and advances 867.1 900.5 617.9 561.4 530.5 488.0 473.2 442.5 424.8 408.7 405.9 38

39 Mortgages 156.7 163.5 166.9 167.1 167.6 168.3 167.1 168.9 173.5 174.5 174.3 39

40 Mutual fund shares 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 40

41 Trade payables 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.3 16.4 14.2 41

42 Security credit 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1011.0 1128.9 1073.9 42

43 Life insurance reserves 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 1289.3 43

44 Pension fund reserves 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13088.3 13483.5 13412.8 12466.6 13160.9 44

45 Taxes payable 32.4 -101.1 -95.0 -97.7 -96.3 -88.1 -82.0 -73.7 -75.3 -79.6 -71.8 45

46 Miscellaneous liabilities 6232.7 7364.4 7255.8 7184.8 7315.7 7501.1 7320.4 7244.3 7382.6 7583.4 7591.3 46

 Memo:

47 Market value of corporate equities 4602.2 2875.4 3633.2 3990.8 3620.4 3903.7 4341.1 4575.1 4542.8 3719.2 4071.9 47

48 Equity in noncorporate business 11.6 9.5 12.1 14.2 14.0 13.0 13.8 13.4 13.1 11.7 10.4 48

(1) Sum of financial sectors shown on tables L.109 through L.130.
72 Z.1, March 8, 2012

L.109 Monetary Authority (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 951.3 2270.6 2267.2 2338.7 2363.4 2327.7 2453.2 2656.8 2891.6 2876.7 2947.2 1

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

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

 4 Treasury currency 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 44.1 44.2 4

 5 Federal Reserve float -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 -0.8 -0.6 5

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

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

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

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

10 Credit market instruments 740.6 986.0 1987.7 2151.8 2187.3 2150.3 2259.2 2479.2 2700.4 2686.1 2635.6 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 740.6 475.9 776.6 776.7 777.0 811.7 1021.5 1340.4 1619.5 1664.7 1663.4 12

13 Agency- and GSE-backed securities 0.0 19.7 1068.3 1237.7 1282.9 1232.6 1139.6 1069.7 1025.6 979.2 941.7 13

14 Bank loans n.e.c. 0.0 490.4 142.8 137.4 127.5 106.0 98.1 69.1 55.3 42.3 30.5 14

15 Households (TALF) (4) 0.0 0.0 47.5 47.2 42.5 29.7 24.7 19.2 12.8 11.3 9.0 15

16 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Brokers and dealers (5) 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Funding corporations (Maiden Lane) (6) 0.0 29.1 29.2 29.3 29.3 28.2 25.8 24.1 21.6 13.0 4.9 18

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

20 Funding corporations (Maiden Lane II) (7) 0.0 19.5 16.0 15.3 14.7 14.1 13.5 12.8 8.6 7.2 6.8 20

21 Funding corporations (Maiden Lane III)(8) 0.0 24.4 18.5 17.3 16.3 15.1 14.1 12.9 12.3 10.9 9.8 21

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

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

24 Miscellaneous assets 40.5 569.8 75.9 68.2 68.6 67.2 83.1 92.8 105.0 104.6 225.8 24

25 Nonofficial foreign currencies (11) 24.0 553.7 10.3 0.0 1.2 0.1 0.1 0.0 0.0 0.5 99.8 25

26 Other 16.5 16.1 65.6 68.2 67.3 67.1 83.0 92.8 105.0 104.1 126.0 26

27 Total liabilities 932.8 2249.6 2241.6 2312.7 2333.9 2297.4 2426.7 2630.5 2865.1 2850.7 2920.3 27

28 Depository institution reserves 20.8 860.0 977.0 1053.9 973.5 934.6 968.1 1407.0 1595.9 1597.5 1562.3 28

29 Vault cash of commercial banks 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.4 50.6 60.8 29

30 Checkable deposits and currency 792.1 1220.3 1102.7 1120.5 1207.8 1218.8 1287.8 1078.7 1116.4 1090.8 1165.6 30

31 Due to federal government 16.4 365.7 191.9 216.7 287.8 308.1 340.9 116.4 135.3 56.4 85.9 31

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

33 Treasury general deposit account 16.1 106.1 186.6 91.5 87.6 107.9 140.8 111.2 130.1 56.3 85.7 33

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

35 Due to rest of the world 0.1 1.4 2.4 1.7 1.2 2.5 3.4 0.1 0.4 2.6 0.2 35

36 Due to government-sponsored enterprises 1.7 21.1 35.1 19.3 27.4 4.0 13.5 10.2 7.3 44.8 64.6 36

37 Currency outside banks 773.9 832.2 873.3 882.8 891.3 904.2 930.0 952.0 973.5 987.0 1015.0 37

38 Security RPs 44.0 88.4 77.7 57.8 67.2 63.8 59.7 62.2 70.3 84.1 99.9 38

39 Miscellaneous liabilities 21.0 23.1 29.2 28.7 31.6 29.7 58.4 29.3 27.0 27.7 31.7 39

40 Federal Reserve Bank stock 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 26.0 26.9 40

41 Other 2.5 2.1 3.6 2.5 5.0 3.0 31.9 3.0 0.5 1.7 4.8 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, March 8, 2012 73

L.110 U.S.-Chartered Commercial Banks

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 8840.8 10247.7 10044.6 10255.7 10152.4 10088.2 10076.5 10094.5 10262.4 10349.3 10499.6 1

 2 Vault cash and reserves at Federal Reserve 72.2 635.1 679.5 684.0 651.6 588.5 588.4 708.1 872.9 781.4 803.5 2

 3 Total bank credit 7883.7 8382.9 8306.2 8549.5 8437.3 8467.3 8505.8 8398.9 8401.4 8513.5 8694.2 3

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

 5 Treasury securities 73.0 53.4 117.7 181.6 181.2 220.2 211.6 210.0 177.7 187.0 169.6 5

 6 Agency- and GSE-backed securities 928.9 1068.7 1224.0 1219.3 1213.1 1259.8 1310.8 1341.9 1340.0 1360.0 1415.2 6

 7 Residential mortgage pass-through securities 592.8 744.9 744.3 707.2 670.8 700.6 729.6 739.3 728.8 744.6 796.4 7

 8 Commercial mortgage pass-through securities 0.0 0.0 3.5 3.6 3.4 3.4 3.3 3.7 4.3 6.7 7.5 8

 9 Residential CMOs and other structured MBS 142.8 157.1 217.0 261.7 285.8 312.2 334.3 353.3 380.9 400.2 398.6 9

10 Commercial CMOs and other structured MBS 0.0 0.0 3.9 3.6 3.4 3.5 3.6 4.7 5.2 9.2 12.9 10

11 Other 193.3 166.7 255.2 243.3 249.7 240.1 240.0 240.9 220.8 199.3 199.8 11

12 Municipal securities 190.9 214.1 215.1 216.2 218.4 226.4 243.5 249.0 256.2 272.8 285.9 12

13 Corporate and foreign bonds 572.4 542.0 582.6 523.2 499.5 499.3 474.9 461.1 456.2 476.2 484.1 13

14 Priv. residential mortgage pass-through securities 48.2 23.8 13.8 11.8 5.0 4.7 4.4 11.0 5.1 4.2 2.9 14

15 Priv. commercial mortgage pass-through securities 0.0 0.0 17.7 17.0 12.0 11.4 11.3 9.1 9.2 9.3 8.9 15

16 Priv. residential CMOs and other structured MBS 223.7 222.2 170.5 140.7 128.1 117.4 106.0 98.9 92.8 91.0 90.2 16

17 Priv. commercial CMOs and other structured MBS 0.0 0.0 25.9 25.5 24.8 24.5 24.6 20.0 19.9 24.8 26.9 17

18 Other 300.5 296.0 354.7 328.2 329.6 341.3 328.7 322.2 329.2 347.0 355.2 18

19 Bank loans n.e.c. 1532.9 1670.8 1338.4 1340.2 1332.3 1328.6 1350.7 1354.6 1390.6 1443.0 1509.7 19

20 Mortgages 3564.6 3754.7 3738.6 3681.9 3634.1 3603.0 3580.1 3482.3 3455.0 3448.8 3462.2 20

21 Consumer credit 804.1 878.6 855.3 1149.2 1133.7 1115.2 1098.7 1058.9 1072.3 1073.8 1100.6 21

22 Security credit 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 186.9 189.8 22

23 Corporate equities 41.5 6.7 30.3 34.7 21.8 29.5 38.2 42.0 45.1 28.4 35.4 23

24 Mutual fund shares 29.6 19.6 46.1 43.2 38.7 41.2 45.0 47.1 45.0 36.6 41.7 24

25 Life insurance reserves 104.3 110.7 111.5 112.1 112.8 114.4 116.0 117.3 118.4 119.3 120.8 25

26 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 26

27 Miscellaneous assets 780.5 1118.9 947.4 910.2 950.7 918.0 866.4 870.1 869.7 935.1 881.1 27

28 Total liabilities 8434.3 9818.3 9786.5 9949.0 9947.3 9955.0 9882.5 9930.5 10054.9 10180.2 10305.6 28

29 Net interbank liabilities 502.0 1291.0 672.2 441.5 442.9 422.7 420.9 431.8 259.7 167.6 71.9 29

30 Federal Reserve float -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 -0.8 -0.6 30

31 Borrowing from Federal Reserve banks 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 0.1 0.2 31

32 To domestic banks -24.9 88.5 27.4 -26.4 -1.5 -29.4 -39.2 -14.2 -99.4 -89.0 -100.1 32

33 To foreign banks 478.3 644.4 550.3 458.0 445.7 453.3 461.3 447.3 359.9 257.3 172.4 33

34 Checkable deposits 560.2 700.9 781.9 735.4 754.7 750.1 852.2 887.5 971.3 1062.8 1166.2 34

35 Federal government 42.9 3.5 3.8 4.1 3.2 3.6 3.6 3.6 3.7 3.0 1.0 35

36 Rest of the world 31.7 62.9 34.3 35.3 37.1 32.1 30.4 41.9 41.4 45.6 50.0 36

37 Private domestic 485.5 634.6 743.8 696.0 714.4 714.3 818.1 841.9 926.2 1014.3 1115.2 37

38 Small time and savings deposits 4025.9 4566.2 4949.1 5056.5 5047.9 5128.1 5225.9 5303.9 5469.5 5629.6 5760.9 38

39 Large time deposits 991.1 1015.6 841.7 789.9 770.5 749.9 691.6 663.0 656.6 631.5 638.0 39

40 Federal funds and security RPs (net) 611.4 352.4 624.0 667.3 603.7 538.6 409.5 393.0 375.6 333.0 315.6 40

41 Open market paper 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 109.9 120.6 41

42 Corporate bonds 174.4 182.4 174.1 417.3 415.0 421.7 434.1 431.3 430.5 427.2 413.3 42

43 Other loans and advances 455.2 526.3 402.0 357.0 327.6 289.0 277.9 256.4 243.7 228.7 235.0 43

44 Taxes payable (net) 11.1 -74.6 -67.5 -73.6 -64.6 -64.8 -60.6 -56.4 -51.2 -47.9 -50.5 44

45 Miscellaneous liabilities 1103.1 1258.1 1409.2 1425.2 1513.7 1590.5 1518.2 1510.8 1590.3 1637.7 1634.6 45

46 Investment by bank holding companies 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 1428.9 1426.3 46

47 Other -94.7 13.6 -4.4 16.7 82.1 138.1 151.4 152.0 190.6 208.9 208.2 47

 Memo:

48 Credit market funds advanced (2) 7666.8 8197.9 8071.7 8311.6 8212.3 8252.6 8270.4 8157.7 8148.1 8261.6 8427.3 48

49 Consumer leases not included above (3) 11.2 9.5 6.9 7.5 6.4 6.1 6.2 6.1 6.1 6.2 6.0 49

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

(2) Total bank credit (line 3) less security credit (line 22) less corporate equities (line 23) less mutual fund shares (line 24) plus customers’ liability on acceptances (line 26).

(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, March 8, 2012

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

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1048.0 1624.8 1267.5 1306.7 1367.8 1493.0 1336.8 1668.0 1793.1 2078.8 1999.4 1

 2 Reserves at Federal Reserve 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 677.5 762.5 711.0 2

 3 Total bank credit 1151.4 1126.1 839.5 839.5 839.2 980.7 837.2 844.6 863.6 941.6 916.6 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 30.4 35.5 57.5 58.0 54.7 67.5 60.9 66.1 63.6 58.1 60.5 5

 6 Agency- and GSE-backed securities 57.1 50.6 31.3 30.8 30.0 29.5 26.5 31.4 30.6 32.2 30.6 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 369.5 401.6 244.9 236.6 252.4 362.5 233.9 220.6 229.5 255.7 234.5 8

 9 Bank loans n.e.c. 466.8 531.9 406.5 403.9 387.3 386.7 390.4 405.7 416.7 424.7 426.6 9

10 Mortgages 39.0 44.2 37.8 37.9 36.2 35.3 35.4 33.8 33.0 33.7 32.8 10

11 Security credit 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 137.2 131.7 11

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

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

14 Miscellaneous assets -104.9 259.7 143.9 135.8 229.5 197.2 148.7 182.6 252.0 374.8 371.8 14

15 Total liabilities 1067.5 1639.6 1283.7 1322.5 1383.3 1510.4 1354.1 1688.9 1813.6 2100.8 2021.3 15

16 Net interbank liabilities -404.1 -163.7 -322.5 -257.5 -251.1 -305.9 -274.4 -16.7 42.4 203.8 219.1 16

17 To foreign banks -424.6 -179.9 -356.2 -305.5 -307.4 -359.0 -315.4 -57.4 10.4 166.3 191.2 17

18 To domestic banks 20.5 16.2 33.7 48.0 56.3 53.1 41.0 40.6 32.1 37.4 27.9 18

19 Checkable deposits 11.8 13.5 16.1 16.4 16.4 18.5 21.9 20.7 23.2 38.2 45.6 19

20 Small time and savings deposits 25.5 25.6 29.9 30.2 31.6 50.8 35.7 42.6 47.4 50.9 48.9 20

21 Large time deposits 907.9 784.7 958.6 904.7 836.6 886.5 909.0 937.1 945.4 804.6 736.6 21

22 Federal funds and security RPs (net) 226.3 130.0 170.3 195.3 216.1 231.7 223.2 224.4 212.7 265.6 273.4 22

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

24 Miscellaneous liabilities 299.6 849.4 431.3 433.4 533.8 628.8 438.7 480.7 542.4 737.6 697.7 24

25 Foreign direct investment in U.S. 94.2 71.7 104.9 108.3 110.6 113.1 111.3 115.2 118.6 125.0 131.6 25

26 Due to affiliates 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 140.1 137.8 26

27 Other -35.6 501.1 123.2 135.9 272.8 338.6 155.9 176.6 250.3 472.5 428.3 27

 Memo:

28 Credit market funds advanced (3) 963.3 1063.8 778.0 767.2 760.5 881.5 747.1 757.6 773.4 804.4 784.9 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, March 8, 2012 75

L.112 Bank Holding Companies

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1882.8 2078.7 2876.9 2852.8 2874.8 2972.4 2838.8 2890.5 2898.9 2904.0 2895.1 1

 2 Credit market instruments 59.1 73.0 75.8 79.1 63.0 108.1 97.9 105.7 105.3 110.5 100.7 2

 3 Treasury securities 7.1 3.1 5.8 5.8 5.0 17.2 19.6 16.1 9.0 20.4 26.8 3

 4 Agency- and GSE-backed securities 9.9 25.8 24.3 22.6 22.1 30.1 21.1 22.2 31.5 43.2 33.1 4

 5 Corporate and foreign bonds 35.9 35.8 31.1 33.6 17.4 42.2 38.3 40.5 40.6 22.0 18.3 5

 6 Bank loans n.e.c. 6.3 8.2 14.6 17.1 18.5 18.6 18.9 26.9 24.2 24.8 22.6 6

 7 Life insurance reserves 20.5 19.3 21.4 22.0 24.3 24.7 25.1 25.1 25.0 26.5 27.6 7

 8 Miscellaneous assets 1803.2 1986.4 2779.7 2751.7 2787.4 2839.6 2715.8 2759.7 2768.6 2767.1 2766.8 8

 9 Investment in bank subsidiaries 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 1428.9 1426.3 9

10 Investment in nonbank subsidiaries 344.4 386.4 909.0 907.6 910.6 936.6 893.4 900.2 855.4 829.1 841.8 10

11 Other 261.0 355.5 457.2 435.7 445.3 450.6 455.5 500.7 513.6 509.1 498.7 11

12 Total liabilities 876.7 985.4 1489.8 1469.5 1445.4 1505.8 1436.0 1453.1 1439.1 1406.6 1390.9 12

13 Net interbank liabilities -85.1 -154.6 -100.0 -95.6 -79.7 -72.6 -75.7 -73.0 -35.7 -40.1 -0.6 13

14 To domestic banks 25.5 -53.0 25.0 37.3 19.2 45.7 60.0 48.9 150.6 155.8 161.5 14

15 To foreign banks -110.6 -101.5 -125.1 -132.9 -98.9 -118.3 -135.6 -121.9 -186.2 -195.9 -162.1 15

16 Federal funds and security RPs (net) 0.8 0.4 -47.7 -51.4 -59.0 -67.3 -49.5 -57.6 -60.4 -51.5 -49.3 16

17 Credit market instruments 632.7 716.6 1089.5 1070.7 1041.1 1092.2 1046.9 1058.0 1011.3 984.4 964.0 17

18 Commercial paper 116.7 77.7 60.8 74.0 63.7 64.4 64.7 73.6 76.9 71.7 75.9 18

19 Corporate bonds 516.0 638.9 1028.7 996.7 977.3 1027.8 982.2 984.4 934.3 912.7 888.2 19

20 Miscellaneous liabilities 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 513.8 476.6 20

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

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

 1 Total financial assets 107.5 105.2 98.8 95.1 90.9 86.6 83.2 82.6 81.5 85.2 80.4 1

 2 Checkable deposits and currency 2.6 3.2 4.2 3.9 5.4 5.3 3.3 4.1 4.4 4.9 4.6 2

 3 Credit market instruments 92.8 90.9 88.1 83.8 72.2 69.3 68.9 67.6 65.2 63.7 64.0 3

 4 Treasury securities 1.8 1.2 0.5 0.9 1.3 1.1 1.1 1.1 1.6 0.9 1.0 4

 5 Agency- and GSE-backed securities 26.3 24.4 20.5 18.4 16.2 13.0 12.8 6.9 6.0 5.4 4.8 5

 6 Municipal securities 2.0 2.5 3.5 3.1 2.0 2.7 2.5 2.8 2.5 2.8 3.4 6

 7 Corporate and foreign bonds 0.5 0.5 2.0 1.4 0.5 0.5 0.6 5.9 5.2 4.5 4.2 7

 8 Bank loans n.e.c. 21.4 19.7 19.4 18.4 15.7 15.9 16.1 16.0 16.0 16.6 17.1 8

 9 Home mortgages 21.5 22.9 22.6 22.3 20.8 20.5 20.1 18.8 18.2 17.9 17.8 9

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

11 Miscellaneous assets 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 11.9 16.7 11.8 11

12 Total liabilities 94.4 91.0 90.0 86.9 82.1 78.0 75.2 74.7 73.6 76.5 72.1 12

13 Checkable deposits 15.7 14.6 16.1 16.2 16.7 16.9 16.6 17.1 18.1 18.0 19.4 13

14 Small time and savings deposits 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 18.9 14

15 Large time deposits 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 18.9 15

16 Miscellaneous liabilities 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 20.2 14.8 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, March 8, 2012

L.114 Savings Institutions (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 1815.0 1523.5 1253.7 1262.2 1244.8 1244.3 1244.1 1250.0 1228.1 1240.4 1238.6 1

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

 3 Checkable deposits and currency 20.0 8.7 4.5 0.8 5.2 7.7 2.2 3.6 4.9 1.6 0.1 3

 4 Time and savings deposits 9.9 8.3 15.3 19.1 18.2 17.7 15.3 21.1 19.1 22.4 21.2 4

 5 Federal funds and security RPs 45.6 34.7 12.0 9.5 7.8 7.0 5.4 4.5 5.5 6.8 7.7 5

 6 Credit market instruments 1596.1 1320.0 1070.4 1073.0 1061.7 1067.2 1081.0 1064.8 1049.3 1048.4 1049.4 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 7.0 3.0 6.8 7.1 6.7 6.0 5.9 6.0 5.6 4.7 4.2 8

 9 Agency- and GSE-backed securities 177.4 173.8 193.4 202.6 199.8 203.8 216.4 219.9 219.6 216.6 218.2 9

10 Residential mortgage pass-through securities 104.2 106.1 93.2 95.0 95.5 98.0 105.7 101.0 98.3 100.0 102.4 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 0.6 0.7 11

12 Residential CMOs and other structured MBS 31.3 36.9 47.0 50.9 47.2 52.1 59.2 64.5 69.2 72.0 74.9 12

13 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.5 13

14 Other 41.8 30.8 53.2 56.7 56.9 53.6 51.5 54.2 51.2 43.7 39.8 14

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

16 Corporate and foreign bonds 142.2 108.5 84.5 81.1 80.9 76.1 73.9 70.9 68.9 68.4 67.8 16

17 Priv. residential mortgage pass-through securities 6.5 5.2 2.5 2.6 2.5 2.2 2.1 1.9 1.7 1.6 0.6 17

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

19 Priv. residential CMOs and other structured MBS 105.2 63.4 32.4 30.1 29.8 27.4 26.3 24.9 24.0 22.7 20.3 19

20 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.5 20

21 Other 30.4 39.9 49.4 48.2 48.4 46.2 45.3 43.9 43.2 43.9 46.5 21

22 Other loans and advances 73.7 80.1 65.6 65.3 64.4 71.1 72.0 72.2 65.8 69.0 69.7 22

23 Mortgages 1094.0 860.6 633.3 629.3 619.3 617.8 614.8 600.2 590.9 589.4 586.2 23

24 Consumer credit 90.8 86.3 77.5 78.0 80.6 82.1 86.8 84.7 87.4 89.3 92.0 24

25 Corporate equities 25.3 22.7 22.2 21.8 21.7 19.5 19.7 21.9 21.8 20.2 21.5 25

26 Miscellaneous assets 115.5 90.0 83.8 82.7 80.4 78.9 75.8 77.6 76.7 78.4 76.2 26

27 Total liabilities 1649.2 1395.7 1124.4 1126.7 1107.0 1105.9 1105.4 1109.0 1086.2 1098.3 1094.2 27

28 Deposits 1104.6 948.6 895.3 905.6 899.3 901.5 909.2 927.9 912.5 926.1 932.3 28

29 Checkable 79.4 76.6 89.7 90.1 89.2 88.4 88.9 90.5 88.5 91.7 93.4 29

30 Small time and savings 638.1 578.5 667.9 674.8 665.9 661.9 662.7 676.2 661.2 663.7 663.4 30

31 Large time 387.1 293.5 137.7 140.7 144.2 151.3 157.6 161.2 162.9 170.7 175.6 31

32 Security RPs 17.6 17.6 53.6 53.9 50.2 49.2 47.6 38.2 37.0 35.4 34.7 32

33 Credit market instruments 423.3 356.1 152.3 143.3 136.2 133.8 127.4 121.0 116.2 113.2 103.4 33

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

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

36 Other loans and advances 350.9 278.7 139.1 128.8 124.4 120.2 114.9 107.6 102.5 100.0 90.0 36

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

38 Miscellaneous liabilities 102.4 72.3 21.8 22.4 20.3 20.5 20.2 20.5 19.6 22.7 22.5 38

39 Investment by parent 10.9 13.4 24.0 24.0 23.7 24.3 23.0 23.2 22.7 22.4 21.7 39

40 Other 91.5 58.9 -2.2 -1.6 -3.4 -3.8 -2.8 -2.8 -3.1 0.3 0.8 40

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
Z.1, March 8, 2012 77

L.115 Credit Unions

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 758.7 812.4 882.7 895.7 901.9 905.7 912.0 937.0 940.2 948.9 960.7 1

 2 Reserves at Federal Reserve 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 41.8 46.1 2

 3 Checkable deposits and currency 43.3 37.6 39.1 37.2 39.9 36.8 32.8 28.2 29.8 44.8 45.0 3

 4 Time and savings deposits 17.0 28.3 37.8 41.0 42.6 43.1 43.4 44.3 44.7 44.6 45.6 4

 5 Federal funds and security RPs (net) 2.5 -2.3 0.1 0.1 0.1 0.0 0.0 0.0 18.8 10.9 14.4 5

 6 Credit market instruments 657.9 697.9 731.0 737.3 750.2 741.1 755.5 765.4 774.3 781.6 795.0 6

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

 8 Treasury securities 10.4 8.8 14.2 15.9 17.2 10.8 20.0 21.8 21.9 22.5 24.2 8

 9 Agency- and GSE-backed securities 68.4 82.9 110.8 123.5 133.6 136.3 151.6 166.6 170.9 173.4 180.4 9

10 Corporate and foreign bonds 34.6 25.7 18.6 18.5 18.4 11.5 3.7 3.7 3.8 3.6 4.1 10

11 Other loans and advances 26.9 29.6 32.3 31.3 32.5 33.2 33.1 31.5 32.9 34.3 32.8 11

12 Home mortgages 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.0 323.8 330.4 12

13 Consumer credit 235.7 236.2 237.2 228.0 225.8 224.9 226.5 218.1 220.9 223.9 223.0 13

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

15 Miscellaneous assets 35.9 44.2 50.6 43.5 40.8 47.9 41.9 42.8 20.5 23.4 13.0 15

16 Total liabilities 688.2 742.7 815.3 827.2 832.0 834.8 840.9 864.6 864.8 872.0 882.7 16

17 Shares/deposits 652.3 697.4 769.4 790.4 795.0 797.2 803.8 829.3 829.8 836.8 846.7 17

18 Checkable 73.7 75.3 86.9 88.5 88.2 88.5 92.4 98.7 97.1 102.1 102.5 18

19 Small time and savings 508.7 551.7 655.1 673.7 678.4 679.3 681.3 699.4 701.4 702.3 710.7 19

20 Large time 69.9 70.4 27.3 28.2 28.4 29.4 30.1 31.2 31.3 32.4 33.6 20

21 Other loans and advances 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 24.1 21

22 Miscellaneous liabilities 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.2 11.5 11.9 22

L.116 Property-Casualty Insurance Companies

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

 1 Total financial assets 1385.8 1305.5 1384.5 1385.5 1368.7 1394.3 1404.4 1414.2 1411.6 1382.0 1397.6 1

 2 Checkable deposits and currency 42.7 27.9 27.6 28.3 37.1 39.3 32.6 33.8 35.6 25.7 21.9 2

 3 Money market fund shares 20.7 32.8 29.6 25.3 24.6 27.9 25.6 27.7 26.1 23.6 24.1 3

 4 Security RPs 3.6 4.4 4.5 8.3 6.1 5.9 3.8 3.5 2.3 2.0 1.8 4

 5 Credit market instruments 869.3 853.4 886.7 886.8 887.2 892.2 890.6 895.7 890.8 891.0 884.6 5

 6 Open market paper 13.3 19.1 9.8 11.1 10.4 11.8 7.9 8.5 8.0 5.3 5.4 6

 7 Treasury securities 71.3 65.6 88.5 87.1 87.7 90.4 91.7 93.3 92.0 90.9 90.5 7

 8 Agency- and GSE-backed securities 125.8 114.3 116.2 116.1 116.0 115.9 115.8 116.2 115.7 116.3 115.4 8

 9 Municipal securities 371.3 381.9 369.4 364.0 358.7 353.5 348.4 349.7 348.2 349.9 347.1 9

10 Corporate and foreign bonds 282.9 267.5 298.3 304.2 310.2 316.4 322.6 323.8 322.5 324.1 321.5 10

11 Commercial mortgages 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 4.6 4.7 11

12 Corporate equities 236.2 193.3 219.8 216.7 193.4 204.8 219.2 222.7 220.2 203.4 226.8 12

13 Mutual fund shares 6.8 4.4 5.3 5.4 5.0 5.4 5.7 5.8 5.8 5.2 5.5 13

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

15 Miscellaneous assets 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 142.6 142.5 146.3 15

16 Total liabilities 818.6 792.3 817.4 819.0 821.5 829.4 836.0 838.4 844.9 845.7 837.0 16

17 Security RPs 0.5 2.4 0.6 0.5 0.6 0.5 1.5 0.6 0.6 0.5 0.4 17

18 Taxes payable (net) 7.0 -21.1 -15.8 -12.6 -19.1 -15.7 -10.1 -7.9 -13.1 -19.4 -14.1 18

19 Miscellaneous liabilities 811.1 811.0 832.6 831.2 839.9 844.6 844.6 845.8 857.4 864.6 850.7 19
78 Z.1, March 8, 2012

L.117 Life Insurance Companies

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4949.7 4515.5 4823.9 4914.0 4872.1 5048.1 5176.3 5276.4 5320.2 5232.6 5342.3 1

 2 Checkable deposits and currency 58.3 82.8 50.7 47.7 57.8 59.5 51.7 47.3 48.7 58.9 55.0 2

 3 Money market fund shares 21.6 39.2 33.7 29.8 26.5 23.6 21.0 19.7 17.9 17.0 16.5 3

 4 Security RPs 2.7 8.0 10.2 11.3 11.0 11.0 10.9 9.7 8.8 10.8 10.7 4

 5 Credit market instruments 2871.2 2882.8 3022.6 3042.6 3083.7 3134.3 3174.2 3215.3 3243.5 3298.8 3327.3 5

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

 7 Treasury securities 70.6 105.7 133.5 138.6 144.2 150.2 156.6 153.6 154.1 162.8 161.9 7

 8 Agency- and GSE-backed securities 382.9 366.2 371.9 372.8 373.8 374.8 376.0 386.1 389.7 395.0 398.9 8

 9 Municipal securities 41.4 47.1 73.1 81.3 90.5 100.8 112.3 115.1 116.1 117.7 118.9 9

10 Corporate and foreign bonds 1862.6 1817.0 1927.2 1952.8 1978.0 2003.5 2030.2 2062.1 2080.5 2109.3 2130.4 10

11 Other loans and advances 145.8 166.1 140.9 140.0 140.1 140.8 140.7 140.1 141.9 142.7 143.1 11

12 Mortgages 326.2 342.4 326.1 321.4 317.9 318.2 317.5 318.4 323.1 329.2 333.2 12

13 Corporate equities 1464.6 1001.7 1208.5 1275.8 1169.4 1286.6 1402.6 1484.8 1487.8 1355.6 1459.3 13

14 Mutual fund shares 188.4 121.0 140.8 144.8 134.3 144.1 155.7 158.7 158.5 142.9 147.3 14

15 Miscellaneous assets 342.9 380.1 357.6 361.9 389.4 389.0 360.3 341.0 355.0 348.7 326.2 15

16 Total liabilities 4661.7 4266.5 4532.5 4611.0 4567.5 4723.5 4850.8 4957.6 4985.0 4897.3 5006.3 16

17 Security RPs 20.2 12.9 12.4 9.2 9.8 11.0 10.3 9.5 10.0 9.7 10.4 17

18 Other loans and advances 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 46.9 18

19 Life insurance reserves 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 1289.3 19

20 Pension fund reserves (1) 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2565.6 2586.6 2513.1 2568.0 20

21 Taxes payable (net) -4.7 -24.4 -31.4 -30.0 -30.6 -27.7 -28.8 -27.9 -29.1 -30.3 -23.6 21

22 Miscellaneous liabilities 1010.6 905.0 985.6 1012.6 1049.3 1074.7 1089.8 1115.5 1109.1 1089.2 1115.4 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 6410.6 4552.7 5471.0 5708.6 5315.9 5728.5 6097.8 6327.1 6332.3 5717.9 6080.8 1

 2 Checkable deposits and currency 11.8 12.3 16.4 18.9 21.9 24.6 28.0 31.3 34.6 37.5 40.5 2

 3 Time and savings deposits 67.7 67.9 72.7 73.7 74.9 75.7 77.1 78.0 79.0 80.2 81.5 3

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

 5 Security RPs 25.8 33.1 36.2 36.3 31.3 36.8 37.1 37.3 33.0 34.0 33.5 5

 6 Credit market instruments 860.8 951.4 1063.0 1090.0 1114.3 1138.7 1171.0 1190.7 1217.2 1245.0 1272.9 6

 7 Open market paper 26.9 37.2 26.7 21.7 18.2 17.1 15.0 14.8 14.4 13.8 13.2 7

 8 Treasury securities 169.5 184.9 310.7 341.6 407.4 466.9 486.7 500.0 521.9 545.3 567.8 8

 9 Agency- and GSE-backed securities 296.8 318.1 269.1 259.6 210.9 170.2 170.9 165.4 163.4 160.7 157.7 9

10 Corporate and foreign bonds 357.4 400.1 442.9 452.5 462.1 469.2 483.5 496.3 504.1 512.7 520.9 10

11 Mortgages 10.2 11.1 13.6 14.6 15.7 15.2 15.0 14.2 13.4 12.5 13.2 11

12 Corporate equities 2673.3 1599.7 1835.7 1918.2 1673.9 1832.6 2012.4 2100.1 2063.3 1714.3 1877.9 12

13 Mutual fund shares 2110.6 1366.0 1817.3 1929.6 1784.0 1980.2 2126.6 2234.5 2254.9 2007.1 2141.7 13

14 Miscellaneous assets 567.1 426.5 533.3 545.5 519.2 543.5 549.4 559.1 554.1 503.7 536.8 14

15 Unallocated insurance contracts (2) 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.7 471.0 420.9 450.8 15

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

17 Other 88.6 61.0 70.0 65.7 61.6 60.4 42.8 38.4 34.1 33.7 36.6 17

18 Pension fund reserves (liabilities) (3) 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6134.3 6363.6 6368.8 5754.4 6117.3 18

(1) Private defined benefit plans and defined contribution plans (including 401(k) type plans).

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

(3) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.
Z.1, March 8, 2012 79

L.119 State and Local Government Employee Retirement Funds

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3198.8 2324.5 2673.7 2771.7 2554.4 2726.8 2931.5 3034.2 3013.2 2661.1 2847.0 1

 2 Checkable deposits and currency 17.9 17.8 17.7 17.8 17.5 17.2 17.3 18.1 17.9 18.6 18.6 2

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

 4 Money market fund shares 12.4 14.3 14.3 14.4 14.2 13.9 13.9 14.7 14.5 15.0 15.0 4

 5 Security RPs 21.7 23.5 23.5 23.6 23.2 22.8 22.8 24.0 23.7 24.6 24.6 5

 6 Credit market instruments 820.3 833.5 824.7 823.7 819.3 815.8 816.5 825.0 820.5 835.6 832.5 6

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

 8 Treasury securities 141.6 146.4 174.5 179.1 182.0 185.5 185.6 187.9 186.9 189.0 188.3 8

 9 Agency- and GSE-backed securities 331.1 337.5 306.9 301.0 292.3 285.1 285.2 288.7 287.2 290.4 289.3 9

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

11 Corporate and foreign bonds 297.0 312.9 308.6 308.7 311.5 311.9 312.4 314.1 312.4 321.2 320.0 11

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

13 Corporate equities 2013.7 1237.9 1549.8 1636.0 1450.8 1604.6 1782.5 1861.9 1848.2 1525.4 1690.1 13

14 Mutual fund shares 296.4 181.1 226.7 239.3 212.2 234.8 260.8 272.4 270.4 223.2 247.3 14

15 Miscellaneous assets 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 18.0 18.2 15

16 Pension fund reserves (liabilities) (1) 3297.9 2414.7 2759.8 2856.7 2641.4 2815.4 3024.0 3131.3 3116.3 2771.4 2965.8 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 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1427.6 1509.7 1

 2 Credit market instruments 96.1 120.3 127.7 129.4 133.6 138.3 138.7 142.2 146.1 154.2 158.0 2

 3 Treasury securities 88.0 112.3 119.1 120.6 124.5 128.2 129.2 132.9 136.3 144.0 147.2 3

 4 Agency- and GSE-backed securities 5.0 5.1 5.6 5.8 6.0 6.6 6.3 6.2 6.5 6.8 7.1 4

 5 Corporate and foreign bonds 3.0 2.9 3.0 3.0 3.1 3.5 3.2 3.1 3.2 3.4 3.7 5

 6 Corporate equities 149.1 85.6 119.4 127.8 112.6 125.6 143.7 152.1 152.9 124.1 138.0 6

 7 Miscellaneous assets (2) 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 1213.7 7

 8 Pension fund reserves (liabilities) (3) 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1427.6 1509.7 8

(1) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and nonmarketable government securities held by federal government retirement funds.

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
80 Z.1, March 8, 2012

L.121 Money Market Mutual Funds (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 2642.5 1

 2 Foreign deposits 127.3 129.3 97.1 92.5 92.5 104.2 105.9 107.5 112.2 86.7 58.5 2

 3 Checkable deposits and currency 1.9 7.5 17.9 5.3 7.7 15.5 14.2 14.0 20.7 18.8 19.1 3

 4 Time and savings deposits 270.6 355.2 573.2 510.8 436.2 473.9 468.0 469.9 462.3 397.8 380.1 4

 5 Security RPs 605.9 542.4 479.9 438.9 462.6 493.3 479.4 439.2 457.6 479.7 484.0 5

 6 Credit market instruments 1936.4 2675.0 2031.0 1828.5 1703.3 1599.5 1621.0 1583.7 1521.0 1527.2 1628.2 6

 7 Open market paper 674.6 618.5 510.5 445.6 382.9 382.8 394.2 398.1 361.1 349.5 355.1 7

 8 Treasury securities 178.1 577.7 406.4 371.5 348.9 308.1 335.4 337.7 341.5 373.5 443.3 8

 9 Agency- and GSE-backed securities 235.9 756.2 543.0 465.5 450.4 414.8 402.8 373.4 359.4 384.1 403.7 9

10 Municipal securities 471.0 494.6 401.3 370.0 352.0 333.0 334.4 320.7 305.8 292.0 296.5 10

11 Corporate and foreign bonds 376.8 228.0 169.9 176.0 169.1 160.8 154.2 153.7 153.2 128.1 129.6 11

12 Miscellaneous assets 90.9 47.9 59.1 54.8 58.1 59.8 66.9 65.2 64.0 68.3 72.7 12

13 Total shares outstanding (liabilities) 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 2642.5 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 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 1

 2 Security RPs 132.2 124.7 153.3 150.1 127.6 134.9 137.5 218.5 221.8 126.7 115.1 2

 3 Credit market instruments 2203.1 2276.4 2657.2 2784.9 2834.3 2971.1 3031.4 3160.9 3267.8 3317.9 3453.0 3

 4 Open market paper 114.1 51.6 80.2 77.4 55.9 63.3 66.3 144.0 147.2 55.7 45.7 4

 5 Treasury securities 179.2 187.9 255.5 269.9 278.3 294.3 297.4 298.2 306.4 329.1 349.8 5

 6 Agency- and GSE-backed securities 565.4 592.7 639.1 684.3 710.7 760.8 791.1 793.4 819.1 890.3 955.3 6

 7 Municipal securities 372.2 389.6 480.2 501.5 514.2 532.8 526.6 515.1 520.1 526.9 542.8 7

 8 Corporate and foreign bonds 889.9 959.9 1126.8 1178.1 1200.9 1244.0 1275.4 1321.6 1378.0 1419.9 1463.4 8

 9 Other loans and advances 82.4 94.8 75.4 73.7 74.3 75.9 74.6 88.6 97.0 96.0 96.0 9

10 Corporate equities 5476.9 3014.1 4136.2 4351.8 3799.5 4299.9 4762.7 5087.0 5067.4 4073.8 4373.5 10

11 Miscellaneous assets 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 13.4 14.4 14.4 11

12 Total shares outstanding (liabilities) 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 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 315.8 201.2 225.5 230.0 221.1 233.3 239.5 245.3 246.2 235.7 237.1 1

 2 Credit market instruments 170.9 129.9 139.5 142.5 140.6 142.8 144.4 146.6 147.2 142.4 143.3 2

 3 Treasury securities 5.6 3.2 4.3 5.0 4.8 4.9 5.1 5.2 5.2 4.8 4.7 3

 4 Municipal securities 91.3 77.9 81.2 81.9 82.2 82.6 81.3 80.7 82.0 80.1 82.4 4

 5 Corporate and foreign bonds 74.0 48.7 54.0 55.6 53.6 55.3 58.1 60.7 60.1 57.5 56.2 5

 6 Corporate equities 144.9 71.3 86.0 87.6 80.5 90.6 95.1 98.7 99.0 93.3 93.8 6

 7 Total shares outstanding (liabilities) 315.8 201.2 225.5 230.0 221.1 233.3 239.5 245.3 246.2 235.7 237.1 7

 Exchange-traded funds

 8 Total financial assets 607.7 530.9 772.9 800.5 767.1 874.9 986.5 1046.9 1068.2 943.1 1034.9 8

 9 Credit market instruments 34.0 57.0 102.9 113.2 124.6 133.4 132.6 138.0 148.9 160.4 171.4 9

10 Treasury securities 19.7 27.0 41.7 46.3 51.9 51.7 51.0 52.8 56.7 61.1 62.4 10

11 Municipal securities 0.6 2.3 5.9 6.5 7.3 7.8 7.6 7.5 7.7 7.8 8.6 11

12 Corporate and foreign bonds 13.8 27.7 55.3 60.4 65.5 73.9 74.0 77.8 84.5 91.4 100.4 12

13 Corporate equities 573.7 473.9 669.9 687.2 642.5 741.5 853.9 908.9 919.3 782.8 863.5 13

14 Total shares outstanding (liabilities) 607.7 530.9 772.9 800.5 767.1 874.9 986.5 1046.9 1068.2 943.1 1034.9 14
Z.1, March 8, 2012 81

L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3174.3 3407.9 3047.3 7003.5 6900.8 6764.6 6721.1 6687.1 6562.0 6520.1 6466.9 1

 2 Checkable deposits and currency 13.7 88.3 99.4 99.0 99.1 47.3 63.4 70.4 62.3 63.7 62.4 2

 3 Time and savings deposits 46.6 68.5 25.7 21.2 23.7 22.1 26.1 23.7 23.1 11.7 13.4 3

 4 Federal funds and security RPs (net) 142.7 114.5 122.1 176.4 163.8 163.8 150.0 156.3 115.1 114.3 110.4 4

 5 Credit market instruments 2829.5 3037.5 2699.7 6577.4 6494.1 6385.1 6333.1 6327.9 6252.4 6176.5 6133.7 5

 6 Open market paper 27.7 6.8 9.7 8.6 10.4 8.6 9.9 9.5 9.3 9.2 6.5 6

 7 Treasury securities 15.5 16.8 21.9 60.1 72.2 69.5 55.2 58.5 63.3 68.5 75.2 7

 8 Agency- and GSE-backed securities 702.9 910.0 924.5 417.0 387.7 375.1 377.0 373.9 368.2 368.1 364.6 8

 9 Municipal securities 33.3 31.3 29.1 28.0 27.2 26.2 24.9 23.8 22.9 22.0 21.4 9

10 Corporate and foreign bonds 464.4 386.6 310.8 324.8 313.0 308.3 293.9 284.7 270.0 264.3 258.0 10

11 Other loans and advances 942.6 980.7 695.9 634.5 599.1 561.6 551.3 522.8 500.2 479.8 479.8 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 75.5 80.3 80.0 77.7 76.5 81.9 87.3 89.6 85.1 81.0 83.8 13

14 FHLB 867.1 900.5 615.9 556.8 522.6 479.7 464.0 433.2 415.1 398.9 396.0 14

15 Mortgages 643.1 705.3 707.7 5104.4 5084.4 5035.8 5021.0 5054.6 5018.4 4964.6 4928.2 15

16 Home 447.9 456.6 445.4 4795.6 4774.8 4722.8 4701.5 4735.8 4701.4 4646.2 4608.4 16

17 Consolidated trusts (2) 0.0 0.0 0.0 4386.4 4238.7 4177.2 4141.0 4170.5 4146.4 4085.3 4047.6 17

18 Other 447.9 456.6 445.4 409.2 536.1 545.6 560.5 565.3 555.0 561.0 560.8 18

19 Multifamily residential 147.7 190.2 204.4 249.7 249.2 251.3 256.5 256.1 254.6 256.4 258.3 19

20 Consolidated trusts (2) 0.0 0.0 0.0 58.9 60.0 63.0 75.4 81.4 87.3 92.6 99.9 20

21 Other 147.7 190.2 204.4 190.8 189.2 188.3 181.1 174.7 167.3 163.7 158.4 21

22 Farm 47.6 58.5 57.9 59.1 60.4 61.6 63.0 62.7 62.4 62.0 61.5 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 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 154.0 147.0 24

25 Total liabilities 3081.3 3390.2 2977.0 6875.6 6762.9 6635.4 6589.1 6577.8 6455.0 6413.5 6371.7 25

26 Credit market instruments 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 6233.7 26

27 GSE issues (4) 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 6233.7 27

28 Consolidated trusts (2) 0.0 0.0 0.0 4445.3 4298.7 4240.3 4216.4 4251.8 4233.7 4177.9 4147.5 28

29 Other 2910.2 3181.9 2706.6 2207.9 2292.4 2257.8 2218.1 2185.5 2083.6 2104.8 2086.3 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 171.1 208.2 270.4 222.3 171.8 137.3 154.6 140.5 137.7 130.7 138.0 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 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 1

 2 Home mortgages 4371.8 4864.0 5266.5 920.7 982.5 1028.5 1068.8 1112.5 1155.7 1194.5 1216.9 2

 3 Multifamily residential mortgages 88.1 92.8 105.7 56.1 60.1 63.7 66.9 71.3 77.1 81.1 83.5 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 4.5 4.7 4.5 3.3 3.8 3.8 3.8 3.2 3.2 1.7 1.7 5

 6 Total pool securities (liabilities)(2) 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 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, March 8, 2012

L.126 Issuers of Asset-Backed Securities (ABS)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 4541.5 4133.8 3290.2 2693.8 2561.5 2446.9 2337.0 2249.3 2191.1 2125.4 2067.0 1

 2 Treasury securities 85.8 72.2 53.9 49.7 46.2 42.6 40.1 35.9 36.3 31.4 29.2 2

 3 Agency- and GSE-backed securities (1) 376.5 349.5 120.3 85.3 48.7 24.3 13.4 11.0 10.0 9.0 8.0 3

 4 Other loans and advances 341.9 379.8 252.2 229.6 219.1 214.3 201.0 180.6 190.3 188.6 188.4 4

 5 Mortgages (2) 2942.0 2590.4 2224.7 2123.4 2048.7 1975.0 1898.9 1845.9 1784.6 1732.8 1677.1 5

 6 Home 2184.4 1872.5 1554.0 1463.5 1402.2 1343.1 1281.9 1227.6 1178.9 1132.6 1087.9 6

 7 Multifamily residential 124.0 113.2 107.4 106.5 104.8 102.7 98.7 98.0 95.4 93.5 91.1 7

 8 Commercial 633.6 604.7 563.3 553.5 541.8 529.2 518.3 520.2 510.3 506.6 498.1 8

 9 Consumer credit 683.7 646.4 577.9 150.7 144.8 136.6 131.7 122.4 118.7 116.1 116.9 9

10 Trade credit 111.7 95.5 61.3 55.1 54.1 54.2 51.8 53.6 51.1 47.5 47.5 10

11 Total liabilities 4544.7 4136.5 3292.6 2696.1 2563.6 2449.0 2339.0 2251.2 2192.9 2127.2 2068.8 11

12 Commercial paper 643.1 559.3 293.1 126.4 112.2 119.4 120.2 128.3 116.2 108.5 95.8 12

13 Corporate bonds (net) (3) 3901.5 3577.3 2999.5 2569.6 2451.5 2329.6 2218.8 2123.0 2076.8 2018.7 1973.0 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 3.1 2.7 2.3 2.3 2.2 2.1 2.0 2.0 1.9 1.8 1.7 14

15 REIT assets (5) 92.1 45.4 20.1 23.5 22.5 21.9 20.5 21.2 20.9 21.8 21.6 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 109.9 120.6 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 41.

L.127 Finance Companies (1)

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

 1 Total financial assets 1911.2 1851.7 1662.5 1665.8 1642.9 1613.4 1590.0 1581.1 1555.9 1562.9 1548.4 1

 2 Checkable deposits and currency 16.2 16.5 17.0 15.9 16.1 15.5 15.3 15.7 15.8 16.3 15.7 2

 3 Time and savings deposits 48.6 49.4 51.0 47.6 48.4 46.6 45.9 47.2 47.4 48.9 47.2 3

 4 Credit market instruments 1828.2 1755.9 1532.6 1556.9 1526.1 1504.8 1482.8 1464.6 1435.3 1434.1 1427.2 4

 5 Corporate and foreign bonds 189.4 192.4 198.6 185.6 188.7 181.6 179.0 184.1 184.9 190.5 183.8 5

 6 Other loans and advances 523.0 539.9 448.9 447.5 439.2 445.7 441.0 439.7 429.1 428.1 433.8 6

 7 Mortgages 531.9 447.9 397.4 386.9 371.1 361.2 344.2 331.0 319.5 311.2 303.2 7

 8 Consumer credit 584.1 575.8 487.8 536.9 527.2 516.3 518.6 509.8 501.8 504.3 506.3 8

 9 Miscellaneous assets 18.2 30.0 61.9 45.3 52.2 46.5 46.0 53.5 57.3 63.6 58.3 9

10 Total liabilities 1949.6 1880.5 1630.3 1631.7 1599.0 1558.0 1536.7 1512.4 1487.2 1498.8 1484.1 10

11 Credit market instruments 1279.6 1200.3 1044.1 1048.1 1017.7 974.9 962.1 949.6 917.4 918.1 918.0 11

12 Open market paper 123.5 100.9 62.1 64.0 63.1 56.8 63.8 65.4 61.0 57.3 61.6 12

13 Corporate bonds 974.1 924.5 837.5 858.2 834.6 823.0 818.7 796.0 781.3 794.6 777.4 13

14 Bank loans n.e.c. 182.0 174.9 144.5 125.9 120.0 95.0 79.6 88.2 75.2 66.2 79.0 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 15.5 15.4 12.7 12.6 12.6 12.8 12.9 12.8 12.8 13.3 12.9 16

17 Miscellaneous liabilities 654.4 664.8 573.6 571.0 568.7 570.4 561.7 550.0 556.9 567.4 553.2 17

18 Foreign direct investment in U.S. 68.6 78.1 75.0 75.3 75.7 77.3 83.6 84.7 87.6 87.1 88.9 18

19 Investment by parent 321.4 313.0 280.5 277.3 273.5 272.5 264.6 257.5 268.1 267.4 267.7 19

20 Other 264.4 273.7 218.1 218.3 219.4 220.6 213.5 207.7 201.3 212.9 196.7 20

 Memo:

21 Consumer leases not included above (2) 122.9 111.1 85.4 80.7 77.2 74.8 72.7 73.3 73.8 74.9 77.9 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.126.
Z.1, March 8, 2012 83

L.128 Real Estate Investment Trusts (REITs)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 318.5 250.6 241.2 246.9 258.4 276.1 283.0 346.6 391.0 418.5 415.0 1

 2 Checkable deposits and currency 16.6 18.4 26.3 25.2 26.0 24.6 23.5 29.0 25.8 29.3 30.0 2

 3 Credit market instruments 246.5 177.6 168.9 173.1 177.8 192.7 206.0 258.0 301.9 324.2 320.7 3

 4 Agency- and GSE-backed securities 88.9 89.6 105.1 109.1 114.7 128.7 143.3 190.7 216.9 239.1 237.0 4

 5 Corporate and foreign bonds 34.4 11.7 15.5 17.5 18.1 20.1 20.8 24.6 26.2 27.1 27.0 5

 6 Mortgages 123.1 76.3 48.3 46.4 45.0 43.9 41.9 42.7 58.8 58.0 56.7 6

 7 Home 80.7 34.3 12.6 11.0 8.9 8.7 8.9 9.0 22.6 24.0 23.0 7

 8 Multifamily residential 5.2 4.3 2.3 2.1 2.1 2.0 1.9 1.8 1.8 1.7 1.7 8

 9 Commercial 37.3 37.7 33.4 33.3 34.0 33.2 31.2 31.9 34.5 32.4 32.0 9

10 Miscellaneous assets 55.4 54.6 46.1 48.6 54.5 58.8 53.5 59.6 63.3 65.0 64.3 10

11 Total liabilities 580.5 511.6 458.8 472.4 479.6 494.9 501.7 557.4 605.3 638.3 634.8 11

12 Security RPs 91.7 79.4 90.4 88.9 94.4 102.0 120.5 160.9 187.1 210.8 210.0 12

13 Credit market instruments 421.2 367.4 317.4 318.5 316.4 325.3 315.2 326.4 345.3 351.8 346.3 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 231.3 171.0 129.8 132.9 131.8 139.1 129.7 141.3 156.2 156.9 155.0 15

16 Bank loans n.e.c. 33.2 32.8 20.7 18.5 17.0 17.9 18.5 16.2 15.6 20.4 17.0 16

17 Mortgages 156.7 163.5 166.9 167.1 167.6 168.3 167.1 168.9 173.5 174.5 174.3 17

18 Miscellaneous liabilities 67.6 64.9 51.1 65.0 68.9 67.6 66.0 70.1 72.9 75.6 78.5 18

 Memo:

19 Securitized assets included above 92.1 45.4 20.1 23.5 22.5 21.9 20.5 21.2 20.9 21.8 21.6 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 72.4 31.8 6.1 7.4 7.4 7.2 7.2 7.3 7.4 8.6 8.5 21

22 Multifamily residential mortgages 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 22

23 Commercial mortgages 19.3 13.2 13.7 15.7 14.7 14.3 13.0 13.5 13.1 12.8 12.7 23
84 Z.1, March 8, 2012

L.129 Security Brokers and Dealers

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total financial assets 3092.0 2217.2 2084.2 2092.0 1977.9 2025.7 2075.1 2101.8 2128.3 1980.6 1953.5 1

 2 Checkable deposits and currency 105.0 120.1 90.7 90.2 86.1 89.5 96.9 92.1 108.4 115.3 114.8 2

 3 Credit market instruments 803.1 717.4 525.3 544.9 529.1 539.7 557.5 556.8 549.6 511.2 567.2 3

 4 Open market paper 87.1 65.7 41.5 38.5 33.1 34.2 36.2 39.6 42.2 40.4 42.1 4

 5 Treasury securities -60.0 190.6 123.0 123.6 87.1 73.8 94.5 78.5 56.6 79.3 187.8 5

 6 Agency- and GSE-backed securities 290.2 242.6 110.9 127.5 161.9 173.5 149.8 153.2 174.7 166.7 147.8 6

 7 Municipal securities 50.1 38.7 35.4 40.3 35.0 39.2 40.0 37.0 40.6 36.6 31.5 7

 8 Corporate and foreign bonds 382.8 123.8 154.4 162.8 161.9 170.3 189.5 201.5 188.8 141.9 111.9 8

 9 Other loans and advances 52.8 55.9 60.1 52.1 50.1 48.7 47.4 46.9 46.7 46.2 46.2 9

10 Corporate equities 224.8 109.2 124.2 112.4 98.4 100.6 117.2 131.7 131.3 97.8 100.9 10

11 Security credit 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 238.5 11

12 Miscellaneous assets 1633.7 1105.7 1141.0 1148.1 1047.3 1062.2 1025.3 1005.5 1026.2 1004.5 932.0 12

13 Total liabilities 3019.4 2158.1 1987.8 1989.7 1875.1 1935.8 1990.2 2014.1 2043.2 1905.2 1891.6 13

14 Security RPs (net) 1147.3 586.9 470.9 440.0 340.9 361.1 404.7 427.1 387.9 179.5 213.1 14

15 Credit market instruments 64.8 142.6 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 91.8 15

16 Corporate bonds 64.8 97.1 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 91.8 16

17 Bank loans n.e.c. (1) 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.3 16.4 14.2 18

19 Security credit 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1011.0 1128.9 1073.9 19

20 Customer credit balances (HH) 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 752.3 20

21 From U.S.-chartered commercial banks 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 186.9 189.8 21

22 From foreign banking offices in U.S. 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 137.2 131.7 22

23 Taxes payable 2.2 2.5 5.7 4.4 4.4 6.4 3.6 4.2 4.3 3.7 2.1 23

24 Miscellaneous liabilities 558.4 441.4 460.1 478.5 447.8 477.1 497.5 493.7 510.6 477.5 496.5 24

25 Foreign direct investment in U.S. 62.6 72.1 74.5 75.7 76.9 87.7 103.0 104.7 108.6 112.6 115.9 25

26 Due to affiliates 560.4 626.1 1158.5 1181.5 1175.8 1214.2 1142.8 1182.2 1150.1 1133.0 1158.2 26

27 Other -64.6 -256.8 -773.0 -778.6 -804.8 -824.9 -748.2 -793.1 -748.1 -768.1 -777.6 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 1861.7 2869.6 2415.5 2299.6 2241.2 2241.7 2277.0 2171.2 2143.2 2138.6 2181.1 1

 2 Money market fund shares 794.3 1068.3 893.0 764.8 704.1 708.4 724.0 700.9 694.1 647.6 698.2 2

 3 Security RPs 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3

 4 Credit market instruments 316.0 1007.7 770.9 797.6 846.0 799.0 846.8 762.8 735.9 795.3 780.1 4

 5 Open market paper 125.2 304.6 37.8 65.2 94.8 73.4 65.2 27.6 17.1 42.6 19.5 5

 6 Corporate and foreign bonds 170.0 667.3 710.2 711.4 730.4 704.9 760.1 716.5 700.4 734.5 742.4 6

 7 Other loans and advances 20.8 35.9 22.9 21.0 20.8 20.8 21.4 18.7 18.4 18.3 18.2 7

 8 Corporate equities (2) 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 695.5 702.6 9

10 Investment in foreign banking offices 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 140.1 137.8 10

11 Investment in brokers and dealers 510.5 516.9 523.2 522.5 514.8 531.0 508.2 518.5 539.7 555.4 564.8 11

12 Total liabilities 1861.7 2869.6 2415.5 2299.6 2241.2 2241.7 2277.0 2171.2 2143.2 2138.6 2181.1 12

13 Credit market instruments 786.4 1252.8 816.8 784.6 752.3 769.2 751.4 739.8 737.7 731.2 711.9 13

14 Open market paper 367.9 388.0 261.7 222.9 193.0 204.8 214.3 216.0 194.4 180.0 154.4 14

15 Corporate bonds 418.5 419.9 457.8 466.8 466.6 479.8 454.6 464.5 491.1 510.4 526.2 15

16 Bank loans n.e.c. (3) 0.0 444.9 95.3 90.2 85.0 76.3 73.4 49.9 42.5 31.0 21.5 16

17 Other loans and advances (4) 0.0 0.0 2.0 4.7 7.8 8.3 9.2 9.3 9.7 9.8 9.8 17

18 Miscellaneous liabilities 1075.3 1616.7 1598.7 1515.1 1488.8 1472.5 1525.5 1431.4 1405.5 1407.3 1469.2 18

19 Foreign direct investment in U.S. 9.6 10.2 10.8 11.0 11.1 11.3 11.4 11.6 11.7 11.9 12.0 19

20 Securities loaned (net) 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.6 727.8 727.0 658.4 20

21 Equity interest under PPIP 0.0 0.0 1.8 4.2 6.2 7.1 7.7 7.8 8.3 8.7 8.8 21

22 Other (net) -174.5 719.5 729.3 650.7 706.0 680.6 773.1 702.5 657.7 659.8 790.1 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, March 8, 2012 85

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 67.3 74.2 175.1 170.1 165.7 177.0 175.8 184.3 189.3 186.4 183.8 1

 2 Federal government: SDR allocations 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 54.2 2

 3 Rest of the world 59.5 66.6 119.7 116.5 113.5 122.1 121.4 128.3 132.8 131.3 129.6 3

 4 SDR holdings 9.5 9.3 57.8 56.0 54.6 57.4 56.8 56.5 57.2 55.9 55.0 4

 5 Reserve position in IMF (net) 4.2 7.7 11.4 11.6 11.4 12.9 12.5 19.3 21.7 22.7 22.8 5

 6 Foreign currency holdings 45.8 49.6 50.5 48.9 47.6 51.7 52.1 52.4 53.8 52.8 51.9 6

 7 Total assets 78.3 85.2 186.1 181.1 176.7 188.1 186.8 195.3 200.4 197.5 194.9 7

 8 Federal government 36.4 41.9 94.6 92.2 89.8 96.3 95.4 102.1 105.9 105.0 103.9 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 9.5 9.3 57.8 56.0 54.6 57.4 56.8 56.5 57.2 55.9 55.0 10

11 Reserve position in IMF (net) 4.4 7.8 11.5 11.7 11.5 13.1 12.6 19.5 21.9 22.8 23.0 11

12 Foreign currency holdings 22.5 24.8 25.2 24.4 23.8 25.8 26.0 26.1 26.8 26.3 25.8 12

13 Rest of the world: SDR allocations 7.7 7.5 55.4 53.6 52.2 55.0 54.4 56.0 56.5 55.2 54.2 13

14 Monetary authority 34.2 35.7 36.2 35.4 34.7 36.8 37.0 37.2 37.9 37.4 36.8 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 -0.2 -0.2 -0.1 -0.3 16

17 Foreign currency holdings 23.3 24.8 25.3 24.5 23.8 25.9 26.1 26.3 27.0 26.5 26.0 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 5.2 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 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.4 26.6 26.2 26.2 26.2 25.9 25.9 25.9 25.9 25.9 25.9 3

 4 Asset: Monetary authority 38.7 38.7 42.7 42.7 43.2 43.4 43.5 43.8 44.0 44.1 44.2 4

 5 Discrepancy (seigniorage) -11.3 -12.1 -16.5 -16.5 -17.0 -17.5 -17.6 -17.9 -18.0 -18.2 -18.3 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 1340.9 946.7 840.6 841.7 879.5 887.9 912.3 957.7 941.7 933.5 896.1 1

 Held by:

 2 Household sector 80.5 56.9 50.5 50.6 52.8 53.3 54.8 57.5 56.6 56.1 53.2 2

 3 Nonfinancial corporate business 50.3 24.7 31.5 38.6 49.4 59.8 72.0 79.0 84.2 89.4 94.0 3

 4 Money market mutual funds 127.3 129.3 97.1 92.5 92.5 104.2 105.9 107.5 112.2 86.7 58.5 4

 5 Discrepancy--unallocated assets 1082.9 735.8 661.4 660.1 684.8 670.6 679.6 713.6 688.7 701.3 690.3 5
86 Z.1, March 8, 2012

L.203 Net Interbank Transactions

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Net change in liabilities 88.6 1890.5 1281.5 1194.1 1139.4 1029.3 1091.6 1802.4 1917.9 1979.4 1913.5 1

 2 Monetary authority 75.8 917.7 1031.9 1105.7 1027.3 985.1 1020.8 1460.3 1651.4 1648.1 1623.1 2

 3 U.S.-chartered commercial banks 502.0 1291.0 672.2 441.5 442.9 422.7 420.9 431.8 259.7 167.6 71.9 3

 4 Foreign banking offices in U.S. -404.1 -163.7 -322.5 -257.5 -251.1 -305.9 -274.4 -16.7 42.4 203.8 219.1 4

 5 Bank holding companies -85.1 -154.6 -100.0 -95.6 -79.7 -72.6 -75.7 -73.0 -35.7 -40.1 -0.6 5

 6 Net change in assets 67.5 1838.9 1195.4 1135.2 1065.4 959.8 1029.8 1727.1 1834.6 1875.2 1824.1 6

 7 Rest of the world -56.9 362.9 69.0 19.6 39.4 -24.0 10.2 268.1 184.0 227.8 201.5 7

 8 Monetary authority 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 -0.7 -0.4 8

 9 U.S.-chartered commercial banks 72.2 635.1 679.5 684.0 651.6 588.5 588.4 708.1 872.9 781.4 803.5 9

10 Foreign banking offices in U.S. 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 677.5 762.5 711.0 10

11 Savings institutions 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 62.5 62.5 11

12 Credit unions 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 41.8 46.1 12

13 Discrepancy 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 83.3 104.2 89.4 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.4 50.6 60.8 14

15 Asset: U.S.-chartered commercial banks 55.0 57.7 54.9 51.8 53.8 50.5 52.7 53.3 55.4 50.6 60.8 15

 Depository institution reserves:

16 Liab.: Monetary authority 20.8 860.0 977.0 1053.9 973.5 934.6 968.1 1407.0 1595.9 1597.5 1562.3 16

17 Asset: U.S.-chartered commercial banks 17.2 577.4 624.6 632.2 597.8 537.9 535.7 654.8 817.4 730.8 742.7 17

18 Foreign banking offices in U.S. 1.0 239.0 284.1 331.4 299.1 315.0 350.8 640.8 677.5 762.5 711.0 18

19 Savings institutions 2.6 39.0 45.5 55.3 49.9 46.4 44.8 56.6 50.8 62.5 62.5 19

20 Credit unions 0.0 4.7 22.8 35.0 26.7 35.2 36.9 54.7 50.2 41.8 46.1 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 -0.7 -0.4 21

22 Federal Reserve float -0.0 -1.5 -2.1 -1.6 -1.9 -1.6 -1.4 -1.4 -0.9 -0.8 -0.6 22

23 Loans to member banks 48.6 559.7 96.6 11.5 0.7 0.3 0.2 0.1 0.1 0.1 0.2 23

24 Asset: Monetary authority 48.6 558.2 94.5 9.9 -1.3 -1.3 -1.2 -1.3 -0.8 -0.7 -0.4 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 496.2 668.8 559.6 469.5 461.0 466.7 476.2 462.2 374.5 272.6 185.8 25

26 Due to foreign affiliates 650.7 782.2 760.8 762.5 780.5 781.3 783.5 772.8 657.5 657.3 565.3 26

27 - Due from foreign affiliates 154.5 113.3 201.3 292.9 319.5 314.6 307.3 310.6 282.9 384.7 379.4 27

28 Foreign banking offices in U.S. (net) -424.0 -179.6 -350.9 -298.0 -299.8 -349.1 -306.9 -47.3 19.0 175.5 198.2 28

29 Due to foreign affiliates 529.0 536.4 538.9 577.5 576.5 600.1 635.6 809.9 790.6 822.7 825.6 29

30 - Due from foreign affiliates 953.0 716.1 889.8 875.5 876.3 949.2 942.5 857.1 771.6 647.2 627.5 30

31 Bank holding companies (net) -110.6 -101.5 -125.1 -132.9 -98.9 -118.3 -135.6 -121.9 -186.2 -195.9 -162.1 31

32 Due to foreign affiliates 51.6 143.6 127.9 119.5 138.1 122.0 120.4 139.7 93.8 94.3 79.9 32

33 - Due from foreign affiliates 162.2 245.1 253.0 252.3 237.0 240.3 256.0 261.6 280.1 290.2 242.0 33

34 Less: Deposits at foreign banks 18.6 24.7 14.6 19.1 22.9 23.3 23.4 25.0 23.3 24.5 20.4 34

35 U.S.-chartered commercial banks 17.9 24.5 9.3 11.6 15.3 13.4 14.9 14.9 14.7 15.3 13.4 35

36 Foreign banking offices in U.S. 0.7 0.3 5.4 7.5 7.6 9.9 8.5 10.1 8.6 9.2 7.0 36

37 Asset: Rest of the world (1) -56.9 362.9 69.0 19.6 39.4 -24.0 10.2 268.1 184.0 227.8 201.5 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) -24.9 88.5 27.4 -26.4 -1.5 -29.4 -39.2 -14.2 -99.4 -89.0 -100.1 38

39 Due to (3): 135.1 118.2 141.0 111.1 122.6 120.5 113.7 138.2 145.2 164.2 143.3 39

40 Foreign banking offices in U.S. 113.2 65.8 43.6 40.1 41.6 42.9 41.9 51.4 47.9 45.6 41.9 40

41 Bank holding companies 0.8 0.7 11.2 12.1 7.0 8.2 10.0 11.5 14.0 14.3 12.0 41

42 - Due from: 160.1 29.8 113.6 137.5 124.1 149.9 152.9 152.4 244.6 253.2 243.4 42

43 Foreign banking offices in U.S. 133.7 82.1 77.4 88.1 97.9 96.0 82.9 92.0 80.0 83.0 69.8 43

44 Bank holding companies 26.4 -52.3 36.3 49.4 26.3 53.9 69.9 60.4 164.6 170.2 173.5 44

45 Unallocated (2) 21.1 51.7 86.1 58.9 74.0 69.4 61.8 75.3 83.3 104.2 89.4 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, March 8, 2012 87

L.204 Checkable Deposits and Currency

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2403.7 2592.6 1

 2 Monetary authority 792.1 1220.3 1102.7 1120.5 1207.8 1218.8 1287.8 1078.7 1116.4 1090.8 1165.6 2

 3 Federal government cash and deposits 16.4 365.7 191.9 216.7 287.8 308.1 340.9 116.4 135.3 56.4 85.9 3

 4 Due to government-sponsored enterprises 1.7 21.1 35.1 19.3 27.4 4.0 13.5 10.2 7.3 44.8 64.6 4

 5 Deposits due to foreign 0.1 1.4 2.4 1.7 1.2 2.5 3.4 0.1 0.4 2.6 0.2 5

 6 Currency outside banks 773.9 832.2 873.3 882.8 891.3 904.2 930.0 952.0 973.5 987.0 1015.0 6

 7 U.S.-chartered commercial banks 560.2 700.9 781.9 735.4 754.7 750.1 852.2 887.5 971.3 1062.8 1166.2 7

 8 Federal government deposits 42.9 3.5 3.8 4.1 3.2 3.6 3.6 3.6 3.7 3.0 1.0 8

 9 Deposits due to foreign 31.7 62.9 34.3 35.3 37.1 32.1 30.4 41.9 41.4 45.6 50.0 9

10 Private domestic deposits 485.5 634.6 743.8 696.0 714.4 714.3 818.1 841.9 926.2 1014.3 1115.2 10

11 Foreign banking offices in U.S. 11.8 13.5 16.1 16.4 16.4 18.5 21.9 20.7 23.2 38.2 45.6 11

12 Deposits due to foreign 2.3 4.7 10.5 10.9 10.5 11.9 14.6 13.2 15.3 17.8 19.0 12

13 Private domestic deposits 9.5 8.8 5.6 5.5 5.9 6.6 7.3 7.6 7.9 20.5 26.6 13

14 Banks in U.S.-affiliated areas 15.7 14.6 16.1 16.2 16.7 16.9 16.6 17.1 18.1 18.0 19.4 14

15 Savings institutions 79.4 76.6 89.7 90.1 89.2 88.4 88.9 90.5 88.5 91.7 93.4 15

16 Credit unions 73.7 75.3 86.9 88.5 88.2 88.5 92.4 98.7 97.1 102.1 102.5 16

17 Total assets 1532.9 2101.3 2093.4 2067.1 2173.1 2181.2 2359.8 2193.3 2314.6 2403.7 2592.6 17

18 Household sector 90.3 292.0 330.3 237.4 198.2 156.1 185.3 161.5 163.6 229.9 304.8 18

19 Nonfinancial business 662.9 558.0 705.8 770.5 811.9 870.4 963.6 1020.9 1078.5 1136.9 1195.8 19

20 Corporate 147.3 38.6 166.0 239.5 287.6 350.9 445.0 502.0 558.8 615.4 672.0 20

21 Noncorporate 515.6 519.4 539.8 531.0 524.3 519.5 518.6 518.9 519.7 521.6 523.8 21

22 State and local governments 57.1 65.6 84.9 81.0 81.8 81.4 91.5 90.0 95.4 94.2 107.2 22

23 Federal government 56.5 368.0 193.6 219.5 291.6 310.2 342.1 117.5 135.5 57.6 84.3 23

24 Rest of the world 306.1 370.1 361.0 363.9 367.0 375.2 390.5 409.9 425.7 444.2 466.2 24

25 Checkable deposits 34.2 69.0 47.2 47.8 48.8 46.6 48.4 55.3 57.1 66.0 69.2 25

26 Currency 272.0 301.1 313.8 316.0 318.1 328.7 342.1 354.7 368.7 378.3 397.1 26

27 Financial sectors 350.0 441.0 411.6 390.2 419.8 382.9 381.1 387.6 408.9 435.2 427.7 27

28 Banks in U.S.-affiliated areas 2.6 3.2 4.2 3.9 5.4 5.3 3.3 4.1 4.4 4.9 4.6 28

29 Savings institutions 20.0 8.7 4.5 0.8 5.2 7.7 2.2 3.6 4.9 1.6 0.1 29

30 Credit unions 43.3 37.6 39.1 37.2 39.9 36.8 32.8 28.2 29.8 44.8 45.0 30

31 Property-casualty insurance companies 42.7 27.9 27.6 28.3 37.1 39.3 32.6 33.8 35.6 25.7 21.9 31

32 Life insurance companies 58.3 82.8 50.7 47.7 57.8 59.5 51.7 47.3 48.7 58.9 55.0 32

33 Private pension funds 11.8 12.3 16.4 18.9 21.9 24.6 28.0 31.3 34.6 37.5 40.5 33

34 State and local govt. retirement funds 17.9 17.8 17.7 17.8 17.5 17.2 17.3 18.1 17.9 18.6 18.6 34

35 Money market mutual funds 1.9 7.5 17.9 5.3 7.7 15.5 14.2 14.0 20.7 18.8 19.1 35

36 Government-sponsored enterprises 13.7 88.3 99.4 99.0 99.1 47.3 63.4 70.4 62.3 63.7 62.4 36

37 Finance companies 16.2 16.5 17.0 15.9 16.1 15.5 15.3 15.7 15.8 16.3 15.7 37

38 REITs 16.6 18.4 26.3 25.2 26.0 24.6 23.5 29.0 25.8 29.3 30.0 38

39 Brokers and dealers 105.0 120.1 90.7 90.2 86.1 89.5 96.9 92.1 108.4 115.3 114.8 39

40 Mail float 10.0 6.4 6.3 4.7 2.8 5.0 5.7 5.9 7.0 5.6 6.5 40
88 Z.1, March 8, 2012

L.205 Time and Savings Deposits 

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.0 8724.0 8805.6 1

 2 Small time and savings deposits 5224.5 5749.3 6326.5 6459.4 6443.4 6539.7 6624.9 6741.5 6898.8 7065.7 7202.8 2

 3 U.S.-chartered commercial banks 4025.9 4566.2 4949.1 5056.5 5047.9 5128.1 5225.9 5303.9 5469.5 5629.6 5760.9 3

 4 Foreign banking offices in U.S. 25.5 25.6 29.9 30.2 31.6 50.8 35.7 42.6 47.4 50.9 48.9 4

 5 Banks in U.S.-affiliated areas 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 18.9 5

 6 Savings institutions 638.1 578.5 667.9 674.8 665.9 661.9 662.7 676.2 661.2 663.7 663.4 6

 7 Credit unions 508.7 551.7 655.1 673.7 678.4 679.3 681.3 699.4 701.4 702.3 710.7 7

 8 Large time deposits (1) 2382.2 2191.6 1989.8 1887.8 1799.3 1836.9 1807.5 1811.8 1815.3 1658.4 1602.8 8

 9 U.S.-chartered commercial banks 991.1 1015.6 841.7 789.9 770.5 749.9 691.6 663.0 656.6 631.5 638.0 9

10 Foreign banking offices in U.S. 907.9 784.7 958.6 904.7 836.6 886.5 909.0 937.1 945.4 804.6 736.6 10

11 Banks in U.S.-affiliated areas 26.3 27.4 24.5 24.2 19.6 19.8 19.3 19.4 19.2 19.2 18.9 11

12 Savings institutions 387.1 293.5 137.7 140.7 144.2 151.3 157.6 161.2 162.9 170.7 175.6 12

13 Credit unions 69.9 70.4 27.3 28.2 28.4 29.4 30.1 31.2 31.3 32.4 33.6 13

14 Total assets 7606.7 7940.9 8316.3 8347.2 8242.7 8376.6 8432.4 8553.3 8714.0 8724.0 8805.6 14

15 Household sector 5888.5 6082.8 6190.0 6322.0 6324.6 6384.6 6420.3 6464.5 6615.2 6648.7 6707.7 15

16 Nonfinancial business 800.7 740.0 842.1 805.3 781.0 810.7 810.5 860.9 885.2 912.4 940.8 16

17 Corporate 441.3 381.9 488.8 458.0 438.3 471.2 471.6 522.1 546.0 572.3 599.4 17

18 Noncorporate 359.3 358.1 353.3 347.3 342.8 339.4 338.9 338.8 339.2 340.2 341.4 18

19 State and local governments 245.9 265.1 275.9 281.9 265.1 268.7 275.5 278.8 274.4 279.9 293.2 19

20 Federal government 2.8 1.6 1.9 2.0 1.8 1.8 2.0 1.5 1.7 1.8 1.7 20

21 Rest of the world 207.6 273.1 230.0 221.6 225.3 231.2 247.7 262.5 261.1 274.9 272.6 21

22 Financial sectors 461.1 578.4 776.4 714.3 644.7 679.7 676.5 685.0 676.4 606.4 589.6 22

23 Savings institutions 9.9 8.3 15.3 19.1 18.2 17.7 15.3 21.1 19.1 22.4 21.2 23

24 Credit unions 17.0 28.3 37.8 41.0 42.6 43.1 43.4 44.3 44.7 44.6 45.6 24

25 Private pension funds 67.7 67.9 72.7 73.7 74.9 75.7 77.1 78.0 79.0 80.2 81.5 25

26 State and local govt. retirement funds 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.8 26

27 Money market mutual funds 270.6 355.2 573.2 510.8 436.2 473.9 468.0 469.9 462.3 397.8 380.1 27

28 Government-sponsored enterprises 46.6 68.5 25.7 21.2 23.7 22.1 26.1 23.7 23.1 11.7 13.4 28

29 Finance companies 48.6 49.4 51.0 47.6 48.4 46.6 45.9 47.2 47.4 48.9 47.2 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 3033.1 3757.3 3258.3 2930.7 2760.4 2746.1 2755.3 2679.4 2637.8 2578.4 2642.5 1

 2 Household sector 1346.7 1581.8 1313.1 1198.7 1140.0 1125.9 1129.7 1098.6 1086.8 1100.7 1106.7 2

 3 Nonfinancial corporate business 544.4 702.6 646.1 568.3 524.3 521.8 517.5 497.4 481.0 458.8 466.9 3

 4 Nonfinancial noncorporate business 74.3 75.4 73.7 72.5 71.5 70.8 70.7 70.7 70.8 71.0 71.2 4

 5 State and local governments 79.3 77.5 81.6 85.0 84.1 85.3 86.9 86.3 85.8 84.6 84.6 5

 6 Rest of the world 46.0 69.7 76.9 75.8 74.7 72.2 69.8 67.3 64.8 64.1 63.3 6

 7 Property-casualty insurance companies 20.7 32.8 29.6 25.3 24.6 27.9 25.6 27.7 26.1 23.6 24.1 7

 8 Life insurance companies 21.6 39.2 33.7 29.8 26.5 23.6 21.0 19.7 17.9 17.0 16.5 8

 9 Private pension funds 93.5 95.7 96.4 96.4 96.4 96.3 96.3 96.2 96.2 96.1 96.1 9

10 State and local govt. retirement funds 12.4 14.3 14.3 14.4 14.2 13.9 13.9 14.7 14.5 15.0 15.0 10

11 Funding corporations 794.3 1068.3 893.0 764.8 704.1 708.4 724.0 700.9 694.1 647.6 698.2 11
Z.1, March 8, 2012 89

L.207 Federal Funds and Security Repurchase Agreements

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2159.8 1270.3 1452.4 1461.3 1324.0 1290.6 1227.4 1258.5 1220.8 1067.2 1108.2 1

 2 Monetary authority 44.0 88.4 77.7 57.8 67.2 63.8 59.7 62.2 70.3 84.1 99.9 2

 3 U.S.-chartered commercial banks (net) 611.4 352.4 624.0 667.3 603.7 538.6 409.5 393.0 375.6 333.0 315.6 3

 4 Foreign banking offices in U.S. (net) 226.3 130.0 170.3 195.3 216.1 231.7 223.2 224.4 212.7 265.6 273.4 4

 5 Bank holding companies (net) 0.8 0.4 -47.7 -51.4 -59.0 -67.3 -49.5 -57.6 -60.4 -51.5 -49.3 5

 6 Savings institutions 17.6 17.6 53.6 53.9 50.2 49.2 47.6 38.2 37.0 35.4 34.7 6

 7 Property-casualty insurance companies 0.5 2.4 0.6 0.5 0.6 0.5 1.5 0.6 0.6 0.5 0.4 7

 8 Life insurance companies 20.2 12.9 12.4 9.2 9.8 11.0 10.3 9.5 10.0 9.7 10.4 8

 9 REITs 91.7 79.4 90.4 88.9 94.4 102.0 120.5 160.9 187.1 210.8 210.0 9

10 Brokers and dealers (net) 1147.3 586.9 470.9 440.0 340.9 361.1 404.7 427.1 387.9 179.5 213.1 10

11 Total assets 1531.8 1237.7 1041.5 999.3 885.2 931.3 931.7 1035.0 1012.0 880.5 935.6 11

12 Nonfinancial corporate business 8.1 7.2 7.9 9.0 9.2 6.6 12.2 12.8 12.1 11.4 11.6 12

13 State and local governments 156.1 152.6 160.6 167.3 165.5 167.9 171.2 170.0 168.8 166.6 166.5 13

14 Rest of the world (net) 338.4 114.9 31.0 -31.4 -123.1 -118.6 -98.6 -40.8 -55.7 -107.4 -44.9 14

15 Monetary authority 46.5 80.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Savings institutions 45.6 34.7 12.0 9.5 7.8 7.0 5.4 4.5 5.5 6.8 7.7 16

17 Credit unions (net) 2.5 -2.3 0.1 0.1 0.1 0.0 0.0 0.0 18.8 10.9 14.4 17

18 Property-casualty insurance companies 3.6 4.4 4.5 8.3 6.1 5.9 3.8 3.5 2.3 2.0 1.8 18

19 Life insurance companies 2.7 8.0 10.2 11.3 11.0 11.0 10.9 9.7 8.8 10.8 10.7 19

20 Private pension funds 25.8 33.1 36.2 36.3 31.3 36.8 37.1 37.3 33.0 34.0 33.5 20

21 State and local govt. retirement funds 21.7 23.5 23.5 23.6 23.2 22.8 22.8 24.0 23.7 24.6 24.6 21

22 Money market mutual funds 605.9 542.4 479.9 438.9 462.6 493.3 479.4 439.2 457.6 479.7 484.0 22

23 Mutual funds 132.2 124.7 153.3 150.1 127.6 134.9 137.5 218.5 221.8 126.7 115.1 23

24 Government-sponsored enterprises (net) 142.7 114.5 122.1 176.4 163.8 163.8 150.0 156.3 115.1 114.3 110.4 24

25 Funding corporations 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 25

26 Discrepancy--unallocated assets 628.0 32.6 410.9 462.0 438.8 359.3 295.6 223.4 208.8 186.7 172.6 26

L.208 Open Market Paper

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

 1 Total outstanding, all types 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 969.2 1

 2 Commercial paper 1788.1 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 969.2 2

 3 Nonfinancial corporate business 123.8 131.5 58.4 73.6 82.0 97.9 82.9 110.5 106.9 124.7 116.2 3

 4 Foreign issues in U.S. 413.0 342.0 401.3 387.5 378.3 378.0 398.6 428.2 417.2 352.4 344.8 4

 5 Nonfinancial 29.0 49.7 34.5 34.8 33.4 29.4 30.6 35.1 41.4 34.0 30.2 5

 6 Financial 384.0 292.3 366.8 352.8 345.0 348.6 368.0 393.2 375.8 318.5 314.6 6

 7 Financial business 1251.3 1125.8 677.6 619.8 567.7 574.6 575.9 592.5 557.5 527.3 508.3 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 132.5 135.8 129.2 112.9 109.2 109.0 109.9 120.6 8

 9 Bank holding companies 116.7 77.7 60.8 74.0 63.7 64.4 64.7 73.6 76.9 71.7 75.9 9

10 ABS issuers 643.1 559.3 293.1 126.4 112.2 119.4 120.2 128.3 116.2 108.5 95.8 10

11 Finance companies 123.5 100.9 62.1 64.0 63.1 56.8 63.8 65.4 61.0 57.3 61.6 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 367.9 388.0 261.7 222.9 193.0 204.8 214.3 216.0 194.4 180.0 154.4 13

14 Bankers’ acceptances (1) 0.5 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Holdings, by sector 1788.6 1599.3 1137.4 1081.0 1028.0 1050.6 1057.5 1131.2 1081.6 1004.4 969.2 17

18 Household sector 107.3 6.0 34.6 44.6 54.2 63.0 63.4 67.9 64.9 60.3 58.2 18

19 Nonfinancial corporate business 69.5 57.3 56.0 57.2 63.8 72.5 71.4 76.0 75.1 73.9 74.8 19

20 State and local governments 184.3 119.8 65.3 57.2 54.9 63.0 72.2 82.6 86.0 88.1 93.0 20

21 Rest of the world 278.1 232.9 191.5 194.1 187.4 192.6 192.3 199.3 195.1 199.5 190.7 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 15.7 0.0 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 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Property-casualty insurance companies 13.3 19.1 9.8 11.1 10.4 11.8 7.9 8.5 8.0 5.3 5.4 27

28 Life insurance companies 41.7 38.3 49.8 35.7 39.3 46.0 40.9 39.9 38.0 42.1 40.9 28

29 Private pension funds 26.9 37.2 26.7 21.7 18.2 17.1 15.0 14.8 14.4 13.8 13.2 29

30 State and local govt. retirement funds 38.4 25.9 24.0 24.1 22.7 22.3 22.4 23.5 23.2 24.1 24.1 30

31 Money market mutual funds 674.6 618.5 510.5 445.6 382.9 382.8 394.2 398.1 361.1 349.5 355.1 31

32 Mutual funds 114.1 51.6 80.2 77.4 55.9 63.3 66.3 144.0 147.2 55.7 45.7 32

33 Government-sponsored enterprises 27.7 6.8 9.7 8.6 10.4 8.6 9.9 9.5 9.3 9.2 6.5 33

34 Brokers and dealers 87.1 65.7 41.5 38.5 33.1 34.2 36.2 39.6 42.2 40.4 42.1 34

35 Funding corporations 125.2 304.6 37.8 65.2 94.8 73.4 65.2 27.6 17.1 42.6 19.5 35

(1) Excludes banks’ holdings of own acceptances.
90 Z.1, March 8, 2012

L.209 Treasury Securities

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 10428.3 1

 2 Savings bonds 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 185.2 2

 3 Treasury bills 999.5 1861.2 1787.9 1838.0 1777.0 1783.7 1768.9 1694.7 1529.4 1475.6 1519.5 3

 4 Other Treasury securities 3903.3 4283.0 5802.8 6231.4 6637.2 7021.4 7404.7 7739.9 7998.7 8442.0 8723.7 4

 5 Total assets 5099.2 6338.2 7781.9 8259.6 8603.8 8993.8 9361.5 9621.4 9714.1 10102.6 10428.3 5

 6 Household sector 264.6 256.5 815.5 972.5 1157.2 1180.8 1115.9 1025.4 847.9 918.1 958.9 6

 7 Savings bonds 196.4 194.0 191.2 190.2 189.6 188.7 187.9 186.8 186.0 185.1 185.2 7

 8 Bills and other Treasury securities 68.3 62.6 624.3 782.3 967.6 992.1 928.0 838.6 662.0 733.0 773.7 8

 9 Nonfinancial corporate business 38.3 30.5 43.0 49.7 52.2 53.4 43.4 42.8 50.2 50.1 50.9 9

10 Nonfinancial noncorporate business 59.3 51.8 46.1 45.4 44.8 44.3 44.3 44.3 44.3 44.4 44.6 10

11 State and local governments 525.1 475.1 493.9 499.9 504.8 498.1 503.6 490.5 473.0 454.5 444.6 11

12 Rest of the world 2376.4 3253.0 3671.4 3852.9 3966.7 4216.4 4385.3 4422.3 4442.5 4597.6 4671.4 12

13 Monetary authority 740.6 475.9 776.6 776.7 777.0 811.7 1021.5 1340.4 1619.5 1664.7 1663.4 13

14 U.S.-chartered commercial banks 73.0 53.4 117.7 181.6 181.2 220.2 211.6 210.0 177.7 187.0 169.6 14

15 Foreign banking offices in U.S. 30.4 35.5 57.5 58.0 54.7 67.5 60.9 66.1 63.6 58.1 60.5 15

16 Bank holding companies 7.1 3.1 5.8 5.8 5.0 17.2 19.6 16.1 9.0 20.4 26.8 16

17 Banks in U.S.-affiliated areas 1.8 1.2 0.5 0.9 1.3 1.1 1.1 1.1 1.6 0.9 1.0 17

18 Savings institutions 7.0 3.0 6.8 7.1 6.7 6.0 5.9 6.0 5.6 4.7 4.2 18

19 Credit unions 10.4 8.8 14.2 15.9 17.2 10.8 20.0 21.8 21.9 22.5 24.2 19

20 Property-casualty insurance companies 71.3 65.6 88.5 87.1 87.7 90.4 91.7 93.3 92.0 90.9 90.5 20

21 Life insurance companies 70.6 105.7 133.5 138.6 144.2 150.2 156.6 153.6 154.1 162.8 161.9 21

22 Private pension funds 169.5 184.9 310.7 341.6 407.4 466.9 486.7 500.0 521.9 545.3 567.8 22

23 State and local govt. retirement funds 141.6 146.4 174.5 179.1 182.0 185.5 185.6 187.9 186.9 189.0 188.3 23

24 Federal government retirement funds 88.0 112.3 119.1 120.6 124.5 128.2 129.2 132.9 136.3 144.0 147.2 24

25 Money market mutual funds 178.1 577.7 406.4 371.5 348.9 308.1 335.4 337.7 341.5 373.5 443.3 25

26 Mutual funds 179.2 187.9 255.5 269.9 278.3 294.3 297.4 298.2 306.4 329.1 349.8 26

27 Closed-end funds 5.6 3.2 4.3 5.0 4.8 4.9 5.1 5.2 5.2 4.8 4.7 27

28 Exchange-traded funds 19.7 27.0 41.7 46.3 51.9 51.7 51.0 52.8 56.7 61.1 62.4 28

29 Government-sponsored enterprises 15.5 16.8 21.9 60.1 72.2 69.5 55.2 58.5 63.3 68.5 75.2 29

30 ABS issuers 85.8 72.2 53.9 49.7 46.2 42.6 40.1 35.9 36.3 31.4 29.2 30

31 Brokers and dealers -60.0 190.6 123.0 123.6 87.1 73.8 94.5 78.5 56.6 79.3 187.8 31

 Memo:

32 Federal government debt (1) 5122.3 6361.5 7805.4 8283.2 8627.7 9017.8 9385.6 9645.9 9738.6 10127.6 10453.6 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 11).
Z.1, March 8, 2012 91

L.210 Agency- and GSE-Backed Securities (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 7585.0 7561.1 1

 2 Budget agencies 23.1 23.3 23.5 23.6 23.9 24.0 24.2 24.5 24.5 25.0 25.3 2

 3 Government-sponsored enterprises 2910.2 3181.9 2706.6 6653.3 6591.1 6498.1 6434.5 6437.3 6317.3 6282.7 6233.7 3

 4 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 4

 5 Total assets 7397.7 8166.7 8106.8 7657.0 7661.4 7618.0 7598.2 7648.7 7577.8 7585.0 7561.1 5

 6 Household sector 689.2 733.5 139.0 107.9 148.9 182.0 219.0 306.7 279.7 232.1 196.1 6

 7 Nonfinancial corporate business 12.8 10.2 14.3 16.6 17.4 18.0 15.2 13.4 15.9 14.0 15.0 7

 8 State and local governments 444.0 434.1 417.0 430.9 420.9 422.7 427.0 418.7 410.3 398.9 388.8 8

 9 Federal government 0.0 54.4 196.4 186.4 175.3 164.4 149.2 138.4 103.7 70.6 31.1 9

10 Rest of the world 1582.4 1406.9 1154.8 1116.5 1128.0 1096.1 1077.3 1054.6 1033.1 1032.9 1021.4 10

11 Monetary authority 0.0 19.7 1068.3 1237.7 1282.9 1232.6 1139.6 1069.7 1025.6 979.2 941.7 11

12 U.S.-chartered commercial banks 928.9 1068.7 1224.0 1219.3 1213.1 1259.8 1310.8 1341.9 1340.0 1360.0 1415.2 12

13 Foreign banking offices in U.S. 57.1 50.6 31.3 30.8 30.0 29.5 26.5 31.4 30.6 32.2 30.6 13

14 Bank holding companies 9.9 25.8 24.3 22.6 22.1 30.1 21.1 22.2 31.5 43.2 33.1 14

15 Banks in U.S.-affiliated areas 26.3 24.4 20.5 18.4 16.2 13.0 12.8 6.9 6.0 5.4 4.8 15

16 Savings institutions 177.4 173.8 193.4 202.6 199.8 203.8 216.4 219.9 219.6 216.6 218.2 16

17 Credit unions 68.4 82.9 110.8 123.5 133.6 136.3 151.6 166.6 170.9 173.4 180.4 17

18 Property-casualty insurance companies 125.8 114.3 116.2 116.1 116.0 115.9 115.8 116.2 115.7 116.3 115.4 18

19 Life insurance companies 382.9 366.2 371.9 372.8 373.8 374.8 376.0 386.1 389.7 395.0 398.9 19

20 Private pension funds 296.8 318.1 269.1 259.6 210.9 170.2 170.9 165.4 163.4 160.7 157.7 20

21 State and local govt. retirement funds 331.1 337.5 306.9 301.0 292.3 285.1 285.2 288.7 287.2 290.4 289.3 21

22 Federal government retirement funds 5.0 5.1 5.6 5.8 6.0 6.6 6.3 6.2 6.5 6.8 7.1 22

23 Money market mutual funds 235.9 756.2 543.0 465.5 450.4 414.8 402.8 373.4 359.4 384.1 403.7 23

24 Mutual funds 565.4 592.7 639.1 684.3 710.7 760.8 791.1 793.4 819.1 890.3 955.3 24

25 Government-sponsored enterprises 702.9 910.0 924.5 417.0 387.7 375.1 377.0 373.9 368.2 368.1 364.6 25

26 ABS issuers 376.5 349.5 120.3 85.3 48.7 24.3 13.4 11.0 10.0 9.0 8.0 26

27 REITs 88.9 89.6 105.1 109.1 114.7 128.7 143.3 190.7 216.9 239.1 237.0 27

28 Brokers and dealers 290.2 242.6 110.9 127.5 161.9 173.5 149.8 153.2 174.7 166.7 147.8 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, March 8, 2012

L.211 Municipal Securities and Loans

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 3743.4 1

 2 State and local governments 2855.9 2875.0 2985.7 3008.6 3000.2 3003.5 3051.1 3031.2 2998.3 2987.2 2991.6 2

 3 Short-term (1) 51.2 55.9 63.6 63.7 47.3 52.0 63.0 60.1 37.6 48.0 52.3 3

 4 Long-term 2804.7 2819.2 2922.1 2945.0 2952.9 2951.5 2988.1 2971.0 2960.7 2939.2 2939.3 4

 5 Nonprofit organizations (2) 250.7 258.7 264.6 265.7 263.5 260.8 262.3 261.9 260.7 256.1 254.4 5

 6 Nonfinancial corporate business 341.5 409.7 447.5 456.4 466.9 470.3 482.3 485.4 491.4 490.3 497.4 6

 (industrial revenue bonds)

 7 Total assets 3448.1 3543.4 3697.9 3730.8 3730.7 3734.7 3795.6 3778.6 3750.5 3733.6 3743.4 7

 8 Household sector 1725.4 1766.7 1896.5 1930.0 1934.0 1916.5 1957.9 1959.3 1928.1 1902.1 1879.4 8

 9 Nonfinancial corporate business 29.2 26.2 27.1 23.2 20.1 21.3 20.8 20.3 20.0 19.7 19.2 9

10 Nonfinancial noncorporate business 5.3 4.9 5.1 5.0 4.9 4.9 4.9 4.9 4.9 4.9 4.9 10

11 State and local governments 5.5 5.4 5.7 5.9 5.9 6.0 6.1 6.0 6.0 5.9 5.9 11

12 Rest of the world 45.1 51.0 58.7 62.7 66.8 69.3 71.7 74.2 76.7 79.7 82.7 12

13 U.S.-chartered commercial banks 190.9 214.1 215.1 216.2 218.4 226.4 243.5 249.0 256.2 272.8 285.9 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 2.0 2.5 3.5 3.1 2.0 2.7 2.5 2.8 2.5 2.8 3.4 15

16 Savings institutions 11.0 7.8 9.2 9.6 10.1 10.2 11.1 10.9 11.1 11.1 11.2 16

17 Property-casualty insurance companies 371.3 381.9 369.4 364.0 358.7 353.5 348.4 349.7 348.2 349.9 347.1 17

18 Life insurance companies 41.4 47.1 73.1 81.3 90.5 100.8 112.3 115.1 116.1 117.7 118.9 18

19 State and local govt. retirement funds 2.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.5 1.5 19

20 Money market mutual funds 471.0 494.6 401.3 370.0 352.0 333.0 334.4 320.7 305.8 292.0 296.5 20

21 Mutual funds 372.2 389.6 480.2 501.5 514.2 532.8 526.6 515.1 520.1 526.9 542.8 21

22 Closed-end funds 91.3 77.9 81.2 81.9 82.2 82.6 81.3 80.7 82.0 80.1 82.4 22

23 Exchange-traded funds 0.6 2.3 5.9 6.5 7.3 7.8 7.6 7.5 7.7 7.8 8.6 23

24 Government-sponsored enterprises 33.3 31.3 29.1 28.0 27.2 26.2 24.9 23.8 22.9 22.0 21.4 24

25 Brokers and dealers 50.1 38.7 35.4 40.3 35.0 39.2 40.0 37.0 40.6 36.6 31.5 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, March 8, 2012 93

L.212 Corporate and Foreign Bonds

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 11435.9 11013.2 11432.5 11390.9 11292.4 11381.5 11468.0 11477.8 11505.9 11526.8 11492.5 1

 2 Nonfinancial corporate business 3557.9 3762.5 4139.7 4247.8 4305.7 4433.4 4560.3 4658.7 4771.6 4848.3 4936.3 2

 3 Rest of the world (1) 1587.1 1237.3 1570.3 1606.1 1606.0 1628.4 1737.3 1748.3 1751.8 1756.6 1728.8 3

 4 Financial sectors 6291.0 6013.5 5722.5 5537.0 5380.7 5319.8 5170.5 5070.8 4982.4 4921.8 4827.3 4

 5 U.S.-chartered commercial banks 174.4 182.4 174.1 417.3 415.0 421.7 434.1 431.3 430.5 427.2 413.3 5

 6 Bank holding companies 516.0 638.9 1028.7 996.7 977.3 1027.8 982.2 984.4 934.3 912.7 888.2 6

 7 Savings institutions 10.4 2.4 2.3 3.2 3.0 2.8 2.7 2.2 2.2 2.2 2.4 7

 8 ABS issuers (net) (3) 3901.5 3577.3 2999.5 2569.6 2451.5 2329.6 2218.8 2123.0 2076.8 2018.7 1973.0 8

 9 Finance companies 974.1 924.5 837.5 858.2 834.6 823.0 818.7 796.0 781.3 794.6 777.4 9

10 REITs 231.3 171.0 129.8 132.9 131.8 139.1 129.7 141.3 156.2 156.9 155.0 10

11 Brokers and dealers 64.8 97.1 92.9 92.3 100.9 96.1 129.7 128.2 110.1 99.2 91.8 11

12 Funding corporations 418.5 419.9 457.8 466.8 466.6 479.8 454.6 464.5 491.1 510.4 526.2 12

13 Total assets 11435.9 11013.2 11432.5 11390.9 11292.4 11381.5 11468.0 11477.8 11505.9 11526.8 11492.5 13

14 Household sector 2022.7 1961.6 2082.7 2011.6 1893.5 1790.7 1841.9 1815.7 1818.5 1768.2 1737.0 14

15 State and local governments 140.7 137.5 144.8 150.8 149.2 151.3 154.3 153.2 152.2 150.2 150.1 15

16 Federal government 0.0 0.0 0.6 0.6 0.7 0.8 0.9 0.9 0.9 0.8 0.8 16

17 Rest of the world (2) 2719.1 2353.5 2465.3 2440.1 2413.9 2423.0 2488.6 2480.8 2461.3 2451.3 2422.5 17

18 U.S.-chartered commercial banks 572.4 542.0 582.6 523.2 499.5 499.3 474.9 461.1 456.2 476.2 484.1 18

19 Foreign banking offices in U.S. 369.5 401.6 244.9 236.6 252.4 362.5 233.9 220.6 229.5 255.7 234.5 19

20 Bank holding companies 35.9 35.8 31.1 33.6 17.4 42.2 38.3 40.5 40.6 22.0 18.3 20

21 Banks in U.S.-affiliated areas 0.5 0.5 2.0 1.4 0.5 0.5 0.6 5.9 5.2 4.5 4.2 21

22 Savings institutions 142.2 108.5 84.5 81.1 80.9 76.1 73.9 70.9 68.9 68.4 67.8 22

23 Credit unions 34.6 25.7 18.6 18.5 18.4 11.5 3.7 3.7 3.8 3.6 4.1 23

24 Property-casualty insurance companies 282.9 267.5 298.3 304.2 310.2 316.4 322.6 323.8 322.5 324.1 321.5 24

25 Life insurance companies 1862.6 1817.0 1927.2 1952.8 1978.0 2003.5 2030.2 2062.1 2080.5 2109.3 2130.4 25

26 Private pension funds 357.4 400.1 442.9 452.5 462.1 469.2 483.5 496.3 504.1 512.7 520.9 26

27 State and local govt. retirement funds 297.0 312.9 308.6 308.7 311.5 311.9 312.4 314.1 312.4 321.2 320.0 27

28 Federal government retirement funds 3.0 2.9 3.0 3.0 3.1 3.5 3.2 3.1 3.2 3.4 3.7 28

29 Money market mutual funds 376.8 228.0 169.9 176.0 169.1 160.8 154.2 153.7 153.2 128.1 129.6 29

30 Mutual funds 889.9 959.9 1126.8 1178.1 1200.9 1244.0 1275.4 1321.6 1378.0 1419.9 1463.4 30

31 Closed-end funds 74.0 48.7 54.0 55.6 53.6 55.3 58.1 60.7 60.1 57.5 56.2 31

32 Exchange-traded funds 13.8 27.7 55.3 60.4 65.5 73.9 74.0 77.8 84.5 91.4 100.4 32

33 Government-sponsored enterprises 464.4 386.6 310.8 324.8 313.0 308.3 293.9 284.7 270.0 264.3 258.0 33

34 Finance companies 189.4 192.4 198.6 185.6 188.7 181.6 179.0 184.1 184.9 190.5 183.8 34

35 REITs 34.4 11.7 15.5 17.5 18.1 20.1 20.8 24.6 26.2 27.1 27.0 35

36 Brokers and dealers 382.8 123.8 154.4 162.8 161.9 170.3 189.5 201.5 188.8 141.9 111.9 36

37 Funding corporations 170.0 667.3 710.2 711.4 730.4 704.9 760.1 716.5 700.4 734.5 742.4 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, March 8, 2012

L.213 Corporate Equities (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Issues at market value 25580.9 15640.5 20123.2 21008.9 18733.5 21070.4 23249.0 24589.2 24451.5 20300.0 22211.4 1

 2 Nonfinancial corporate business 15730.7 10016.6 12494.7 12914.3 11488.2 12905.4 14422.3 15339.3 15246.8 12867.3 14276.6 2

 3 Rest of the world (2) 5248.0 2748.4 3995.3 4103.8 3624.9 4261.3 4485.6 4674.9 4661.8 3713.5 3862.9 3

 4 Financial corporations 4602.2 2875.4 3633.2 3990.8 3620.4 3903.7 4341.1 4575.1 4542.8 3719.2 4071.9 4

 5 Holdings at market value 25580.9 15640.5 20123.2 21008.9 18733.5 21070.4 23249.0 24589.2 24451.5 20300.0 22211.4 5

 6 Household sector 9636.8 5746.9 7408.7 7649.4 6918.7 7863.7 8663.1 9211.7 9008.2 7415.2 8140.2 6

 7 State and local governments 108.0 82.1 117.7 114.7 106.0 107.6 109.9 109.1 108.3 106.7 106.7 7

 8 Federal government 0.0 188.7 67.4 50.2 49.6 50.8 49.9 55.1 61.1 56.7 57.5 8

 9 Rest of the world (3) 2812.2 1806.6 2477.2 2673.7 2343.2 2660.3 2926.1 3101.5 3217.6 2702.4 3026.4 9

10 Monetary authority 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 41.5 6.7 30.3 34.7 21.8 29.5 38.2 42.0 45.1 28.4 35.4 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 12

13 Savings institutions 25.3 22.7 22.2 21.8 21.7 19.5 19.7 21.9 21.8 20.2 21.5 13

14 Property-casualty insurance companies 236.2 193.3 219.8 216.7 193.4 204.8 219.2 222.7 220.2 203.4 226.8 14

15 Life insurance companies 1464.6 1001.7 1208.5 1275.8 1169.4 1286.6 1402.6 1484.8 1487.8 1355.6 1459.3 15

16 Private pension funds 2673.3 1599.7 1835.7 1918.2 1673.9 1832.6 2012.4 2100.1 2063.3 1714.3 1877.9 16

17 State and local govt. retirement funds 2013.7 1237.9 1549.8 1636.0 1450.8 1604.6 1782.5 1861.9 1848.2 1525.4 1690.1 17

18 Federal government retirement funds 149.1 85.6 119.4 127.8 112.6 125.6 143.7 152.1 152.9 124.1 138.0 18

19 Mutual funds 5476.9 3014.1 4136.2 4351.8 3799.5 4299.9 4762.7 5087.0 5067.4 4073.8 4373.5 19

20 Closed-end funds 144.9 71.3 86.0 87.6 80.5 90.6 95.1 98.7 99.0 93.3 93.8 20

21 Exchange-traded funds 573.7 473.9 669.9 687.2 642.5 741.5 853.9 908.9 919.3 782.8 863.5 21

22 Brokers and dealers 224.8 109.2 124.2 112.4 98.4 100.6 117.2 131.7 131.3 97.8 100.9 22

23 Funding corporations 0.0 0.0 25.1 25.4 25.7 26.1 26.4 0.0 0.0 0.0 0.0 23

 Memo:

24 Market value of domestic corporations (4) 19086.6 12014.9 14950.4 15719.3 14024.6 15596.5 17393.7 18488.4 18353.0 15360.7 17006.6 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 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 1

 2 Holdings at market value 7829.0 5435.3 6961.6 7295.0 6764.2 7401.8 7934.5 8471.9 8570.5 7532.8 7955.9 2

 3 Household sector 4597.9 3327.2 4136.7 4296.9 3974.2 4299.6 4571.7 4916.7 4965.9 4343.3 4554.7 3

 4 Nonfinancial corporate business 191.1 125.8 190.2 199.2 188.1 206.6 222.9 234.8 238.0 215.5 229.3 4

 5 State and local governments 32.8 32.0 33.7 35.1 29.7 30.2 30.9 30.7 30.4 30.0 30.0 5

 6 Rest of the world 373.5 256.2 363.6 399.9 396.4 458.1 513.8 569.6 599.8 527.2 556.8 6

 7 U.S.-chartered commercial banks 29.6 19.6 46.1 43.2 38.7 41.2 45.0 47.1 45.0 36.6 41.7 7

 8 Credit unions 2.1 2.0 1.3 1.6 1.6 1.6 1.5 1.7 1.8 1.8 1.8 8

 9 Property-casualty insurance companies 6.8 4.4 5.3 5.4 5.0 5.4 5.7 5.8 5.8 5.2 5.5 9

10 Life insurance companies 188.4 121.0 140.8 144.8 134.3 144.1 155.7 158.7 158.5 142.9 147.3 10

11 Private pension funds 2110.6 1366.0 1817.3 1929.6 1784.0 1980.2 2126.6 2234.5 2254.9 2007.1 2141.7 11

12 State and local govt. retirement funds 296.4 181.1 226.7 239.3 212.2 234.8 260.8 272.4 270.4 223.2 247.3 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, March 8, 2012 95

L.215 Bank Loans Not Elsewhere Classified (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Net change in liabilities 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1951.5 2006.5 1

 2 Nonfinancial sectors 1750.2 1947.9 1650.3 1671.1 1650.6 1655.6 1692.8 1706.7 1758.0 1823.0 1878.0 2

 3 Household sector 99.7 117.7 147.8 226.4 237.5 256.3 263.2 251.0 271.7 286.8 294.8 3

 4 Corporate business 621.1 676.1 475.9 474.9 464.2 460.1 468.6 476.3 486.3 500.8 519.6 4

 5 Noncorporate business 926.5 1046.1 929.8 872.7 848.2 831.6 845.9 852.3 869.5 894.4 919.3 5

 6 Rest of the world 102.8 107.9 96.8 97.2 100.6 107.7 115.1 127.1 130.5 140.9 144.3 6

 7 Foreign official institutions 1.9 2.6 3.2 3.0 3.3 3.5 4.3 4.2 3.2 3.1 2.6 7

 8 Foreign banks 30.2 33.0 27.9 30.4 33.1 34.1 39.7 45.7 49.1 53.0 51.0 8

 9 Other foreign 70.8 72.4 65.8 63.8 64.3 70.0 71.2 77.1 78.2 84.8 90.7 9

10 Financial sectors 277.1 773.2 271.5 246.0 230.7 200.1 181.3 165.6 144.8 128.6 128.4 10

11 Savings institutions 62.0 75.0 11.0 11.3 8.8 10.9 9.8 11.2 11.5 11.0 11.0 11

12 Finance companies 182.0 174.9 144.5 125.9 120.0 95.0 79.6 88.2 75.2 66.2 79.0 12

13 REITs 33.2 32.8 20.7 18.5 17.0 17.9 18.5 16.2 15.6 20.4 17.0 13

14 Brokers and dealers 0.0 45.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Funding corporations 0.0 444.9 95.3 90.2 85.0 76.3 73.4 49.9 42.5 31.0 21.5 15

16 Net change in assets 2027.3 2721.1 1921.8 1917.0 1881.3 1855.7 1874.1 1872.3 1902.8 1951.5 2006.5 16

17 Monetary authority (2) 0.0 490.4 142.8 137.4 127.5 106.0 98.1 69.1 55.3 42.3 30.5 17

18 U.S.-chartered commercial banks 1532.9 1670.8 1338.4 1340.2 1332.3 1328.6 1350.7 1354.6 1390.6 1443.0 1509.7 18

19 Foreign banking offices in U.S. 466.8 531.9 406.5 403.9 387.3 386.7 390.4 405.7 416.7 424.7 426.6 19

20 Bank holding companies 6.3 8.2 14.6 17.1 18.5 18.6 18.9 26.9 24.2 24.8 22.6 20

21 Banks in U.S.-affiliated areas 21.4 19.7 19.4 18.4 15.7 15.9 16.1 16.0 16.0 16.6 17.1 21

(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, March 8, 2012

L.216 Other Loans and Advances

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total other loans and advances 2605.3 2711.7 2181.4 2087.8 2043.9 1983.5 1950.6 1912.8 1909.8 1905.1 1919.8 1

 2 U.S. government loans 105.2 111.3 177.4 180.9 180.5 181.5 180.9 183.1 180.2 182.0 184.1 2

 3 Liab.: Household sector 12.5 12.8 12.6 12.6 12.3 12.3 11.6 11.6 11.4 11.4 11.2 3

 4 Nonfinancial corporate business 10.9 15.3 74.9 74.6 70.9 71.8 70.6 71.9 67.9 68.6 70.1 4

 5 Nonfinancial noncorporate business 46.8 48.9 52.5 53.3 53.7 53.2 53.0 53.6 54.7 55.1 55.9 5

 6 State and local governments 11.9 12.7 13.5 13.7 13.8 13.9 14.4 14.5 14.7 15.0 15.3 6

 7 Rest of the world 23.1 21.6 21.9 22.2 22.0 22.0 22.1 22.2 21.9 22.1 21.8 7

 8 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 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 2.0 4.7 7.8 8.3 9.2 9.3 9.7 9.8 9.8 10

11 Foreign loans to U.S. corporate business 271.5 207.3 182.5 185.6 197.4 163.1 160.4 162.3 181.9 195.0 202.6 11

12 Liab.: Nonfinancial corporate business 271.5 207.3 182.5 185.6 197.4 163.1 160.4 162.3 181.9 195.0 202.6 12

 Customers’ liability on acceptances outstanding

13 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 13

14 Foreign banking offices in U.S. 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Rest of the world 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Savings institution loans to business 73.7 80.1 65.6 65.3 64.4 71.1 72.0 72.2 65.8 69.0 69.7 17

18 Liab.: Nonfinancial corporate business 36.9 40.0 32.8 32.6 32.2 35.6 36.0 36.1 32.9 34.5 34.8 18

19 Nonfinancial noncorporate business 36.9 40.0 32.8 32.6 32.2 35.6 36.0 36.1 32.9 34.5 34.8 19

20 Credit unions loans to business 26.9 29.6 32.3 31.3 32.5 33.2 33.1 31.5 32.9 34.3 32.8 20

21 Liab.: Nonfinancial corporate business 13.4 14.8 16.2 15.6 16.3 16.6 16.5 15.8 16.5 17.2 16.4 21

22 Nonfinancial noncorporate business 13.4 14.8 16.2 15.6 16.3 16.6 16.5 15.8 16.5 17.2 16.4 22

23 Policy loans (Household liability) 114.5 120.4 121.1 121.7 122.4 123.5 124.5 124.8 125.5 126.4 126.8 23

24 Asset: Federal government 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 24

25 Life insurance companies 113.9 119.8 120.6 121.2 121.9 123.0 124.0 124.3 125.0 126.0 126.4 25

26 Government-sponsored enterprise loans (1) 942.6 980.7 695.9 634.5 599.1 561.6 551.3 522.8 500.2 479.8 479.8 26

27 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 27

28 Nonfinancial corporate business (FCS) 9.5 5.8 5.3 5.3 4.8 5.8 6.9 8.1 6.9 5.7 6.1 28

29 Nonfinancial noncorporate business (FCS) 66.0 74.5 74.7 72.4 71.7 76.1 80.3 81.5 78.2 75.2 77.7 29

30 U.S.-chartered coml. banks (FHLB & SLMA) 455.2 526.3 402.0 357.0 327.6 289.0 277.9 256.4 243.7 228.7 235.0 30

31 Savings institutions (FHLB & SLMA) 350.9 278.7 139.1 128.8 124.4 120.2 114.9 107.6 102.5 100.0 90.0 31

32 Credit unions (FHLB) 32.3 40.6 26.5 25.4 25.0 25.2 26.1 23.7 22.8 23.7 24.1 32

33 Life insurance companies (FHLB) 28.7 54.9 48.3 45.6 45.6 45.3 45.1 45.5 46.2 46.4 46.9 33

34 Securitized loans held by ABS issuers 93.7 78.1 54.4 37.7 37.2 40.6 37.2 33.4 33.1 33.0 32.9 34

35 Liab.: Nonfinancial corporate business 93.7 78.1 54.4 37.7 37.2 40.6 37.2 33.4 33.1 33.0 32.9 35

36 Finance company loans to business 523.0 539.9 448.9 447.5 439.2 445.7 441.0 439.7 429.1 428.1 433.8 36

37 Liab.: Nonfinancial corporate business 470.7 485.9 404.0 402.8 395.3 401.2 396.9 395.8 386.2 385.3 390.4 37

38 Nonfinancial noncorporate business 52.3 54.0 44.9 44.8 43.9 44.6 44.1 44.0 42.9 42.8 43.4 38

39 Loans to nonfinancial corporate business (2) 453.8 564.3 403.4 383.3 371.2 363.1 350.2 342.9 361.1 357.5 357.3 39

40 Asset: Household sector 17.6 29.7 26.8 25.7 25.9 26.4 26.2 25.8 24.9 24.7 24.7 40

41 Life insurance companies 31.9 46.3 20.4 18.9 18.2 17.7 16.7 15.8 16.9 16.7 16.7 41

42 Mutual funds 82.4 94.8 75.4 73.7 74.3 75.9 74.6 88.6 97.0 96.0 96.0 42

43 ABS issuers 248.3 301.7 197.8 191.9 181.8 173.6 163.8 147.2 157.2 155.6 155.5 43

44 Brokers and dealers 52.8 55.9 60.1 52.1 50.1 48.7 47.4 46.9 46.7 46.2 46.2 44

45 Funding corporations 20.8 35.9 22.9 21.0 20.8 20.8 21.4 18.7 18.4 18.3 18.2 45

(1) The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Syndicated loans from domestic entities, excluding banks and finance companies which are included elsewhere.
Z.1, March 8, 2012 97

L.217 Total Mortgages

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total mortgages 14518.2 14608.9 14327.3 14153.3 14037.8 13915.2 13813.0 13714.0 13632.6 13551.6 13492.6 1

 2 Home 11173.1 11070.1 10870.9 10732.5 10665.5 10586.1 10526.6 10452.7 10397.5 10337.5 10290.7 2

 3 Multifamily residential 784.6 837.7 847.0 842.4 838.8 839.6 837.7 837.4 837.3 838.7 840.8 3

 4 Commercial 2447.9 2566.4 2478.1 2445.9 2399.8 2354.5 2312.5 2288.7 2263.5 2242.2 2228.9 4

 5 Farm 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.3 134.3 133.2 132.2 5

 6 Total liabilities 14518.2 14608.9 14327.3 14153.3 14037.8 13915.2 13813.0 13714.0 13632.6 13551.6 13492.6 6

 7 Household sector 10749.7 10697.4 10545.2 10419.0 10363.2 10288.9 10232.3 10164.5 10114.8 10058.5 10014.7 7

 8 Nonfinancial business 3611.8 3748.0 3615.2 3567.2 3507.0 3458.0 3413.6 3380.6 3344.3 3318.6 3303.7 8

 9 Corporate 928.8 878.1 757.9 744.9 726.0 708.7 686.2 665.5 640.7 624.7 619.9 9

10 Noncorporate 2683.0 2869.9 2857.3 2822.3 2781.1 2749.3 2727.4 2715.1 2703.6 2693.8 2683.8 10

11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 156.7 163.5 166.9 167.1 167.6 168.3 167.1 168.9 173.5 174.5 174.3 12

13 Total assets 14518.2 14608.9 14327.3 14153.3 14037.8 13915.2 13813.0 13714.0 13632.6 13551.6 13492.6 13

14 Household sector 109.8 111.2 101.5 99.9 96.5 93.4 90.2 87.6 84.3 82.4 78.9 14

15 Nonfinancial corporate business 41.4 33.6 29.5 28.5 27.5 26.5 25.4 24.4 23.4 22.4 21.3 15

16 Nonfinancial noncorporate business 42.1 39.1 37.9 37.3 36.8 36.4 36.4 36.3 36.4 36.5 36.6 16

17 State and local governments 167.3 163.3 171.8 179.0 177.1 176.8 176.1 176.1 174.9 172.5 172.4 17

18 Federal government 82.4 95.8 108.4 107.1 108.4 106.6 106.6 107.8 109.3 109.3 110.6 18

19 U.S.-chartered commercial banks 3564.6 3754.7 3738.6 3681.9 3634.1 3603.0 3580.1 3482.3 3455.0 3448.8 3462.2 19

20 Foreign banking offices in U.S. 39.0 44.2 37.8 37.9 36.2 35.3 35.4 33.8 33.0 33.7 32.8 20

21 Banks in U.S.-affiliated areas 40.8 42.6 42.3 41.6 36.5 36.1 35.8 34.8 33.9 33.4 33.4 21

22 Savings institutions (1) 1094.0 860.6 633.3 629.3 619.3 617.8 614.8 600.2 590.9 589.4 586.2 22

23 Credit unions 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.0 323.8 330.4 23

24 Property-casualty insurance companies 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 4.6 4.7 24

25 Life insurance companies 326.2 342.4 326.1 321.4 317.9 318.2 317.5 318.4 323.1 329.2 333.2 25

26 Private pension funds 10.2 11.1 13.6 14.6 15.7 15.2 15.0 14.2 13.4 12.5 13.2 26

27 State and local govt. retirement funds 9.7 9.4 9.3 9.4 9.3 9.4 9.4 9.2 9.2 9.3 9.3 27

28 Government-sponsored enterprises (1) 643.1 705.3 707.7 5104.4 5084.4 5035.8 5021.0 5054.6 5018.4 4964.6 4928.2 28

29 Agency- and GSE-backed mortgage pools 4464.4 4961.4 5376.7 980.2 1046.5 1096.0 1139.5 1187.0 1236.0 1277.3 1302.1 29

30 ABS issuers 2942.0 2590.4 2224.7 2123.4 2048.7 1975.0 1898.9 1845.9 1784.6 1732.8 1677.1 30

31 Finance companies 531.9 447.9 397.4 386.9 371.1 361.2 344.2 331.0 319.5 311.2 303.2 31

32 REITs 123.1 76.3 48.3 46.4 45.0 43.9 41.9 42.7 58.8 58.0 56.7 32

(1) FHLB loans to savings institutions are included in other loans and advances.
98 Z.1, March 8, 2012

L.218 Home Mortgages (1)

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 11173.1 11070.1 10870.9 10732.5 10665.5 10586.1 10526.6 10452.7 10397.5 10337.5 10290.7 1

 2 Household sector 10545.7 10496.5 10351.2 10227.5 10175.3 10104.6 10050.9 9984.9 9936.9 9882.4 9840.5 2

 3 Nonfinancial corporate business 42.2 32.7 20.3 18.4 15.9 14.8 13.6 12.4 11.4 10.7 10.2 3

 4 Nonfinancial noncorporate business 585.1 540.9 499.4 486.6 474.3 466.7 462.1 455.4 449.2 444.4 440.0 4

 5 Total assets 11173.1 11070.1 10870.9 10732.5 10665.5 10586.1 10526.6 10452.7 10397.5 10337.5 10290.7 5

 6 Household sector 90.8 91.2 83.2 81.2 79.2 77.2 75.2 73.2 71.2 69.2 67.2 6

 7 Nonfinancial corporate business 25.0 20.2 17.7 17.1 16.5 15.9 15.3 14.6 14.0 13.4 12.8 7

 8 Nonfinancial noncorporate business 15.4 14.3 13.9 13.6 13.5 13.3 13.3 13.3 13.3 13.4 13.4 8

 9 State and local governments 85.7 83.8 88.2 91.8 90.9 90.5 89.8 89.7 89.1 87.8 87.8 9

10 Federal government 13.7 16.4 22.1 23.2 23.9 23.6 23.9 24.3 24.9 24.5 24.8 10

11 U.S.-chartered commercial banks 2189.0 2217.3 2238.0 2198.8 2175.6 2173.2 2183.6 2108.6 2097.2 2111.2 2132.3 11

12 Foreign banking offices in U.S. 0.0 7.0 0.9 1.1 1.1 1.1 1.1 1.1 1.1 1.3 1.3 12

13 Banks in U.S.-affiliated areas 21.5 22.9 22.6 22.3 20.8 20.5 20.1 18.8 18.2 17.9 17.8 13

14 Savings institutions 879.0 666.3 448.6 444.5 438.7 437.0 430.5 419.3 412.8 410.9 407.0 14

15 Credit unions 281.5 314.7 317.9 320.1 322.6 324.4 320.8 323.5 324.0 323.8 330.4 15

16 Life insurance companies 9.4 8.6 6.4 5.6 5.6 5.8 6.2 6.3 6.7 7.2 7.5 16

17 Private pension funds 1.2 1.3 2.0 2.0 2.2 2.0 1.9 1.7 1.7 1.6 1.6 17

18 State and local govt. retirement funds 3.5 3.4 3.3 3.4 3.4 3.4 3.4 3.3 3.3 3.4 3.4 18

19 Government-sponsored enterprises 447.9 456.6 445.4 4795.6 4774.8 4722.8 4701.5 4735.8 4701.4 4646.2 4608.4 19

20 Agency- and GSE-backed mortgage pools 4371.8 4864.0 5266.5 920.7 982.5 1028.5 1068.8 1112.5 1155.7 1194.5 1216.9 20

21 ABS issuers 2184.4 1872.5 1554.0 1463.5 1402.2 1343.1 1281.9 1227.6 1178.9 1132.6 1087.9 21

22 Finance companies 472.7 375.4 327.7 317.0 303.3 295.3 280.6 270.0 261.4 254.7 247.2 22

23 REITs 80.7 34.3 12.6 11.0 8.9 8.7 8.9 9.0 22.6 24.0 23.0 23

 Memo:

24 Home equity loans included above (2) 1131.8 1115.0 1032.7 1013.9 996.1 975.9 950.2 926.0 904.8 888.6 873.0 24

25 U.S.-chartered commercial banks 692.3 775.2 761.5 751.2 741.0 726.6 709.3 692.1 677.2 666.1 655.5 25

26 Foreign banking offices in U.S. 0.0 0.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 26

27 Savings institutions 180.5 119.5 80.0 78.4 76.6 75.5 74.0 72.3 70.6 68.8 67.6 27

28 Credit unions 94.1 98.7 94.6 92.7 91.8 90.3 88.2 86.6 84.9 83.8 82.7 28

29 ABS issuers 70.4 45.7 30.9 27.9 25.8 24.2 22.3 20.7 19.6 18.6 17.7 29

30 Finance companies 94.5 75.1 65.5 63.4 60.7 59.1 56.1 54.0 52.3 50.9 49.4 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 784.6 837.7 847.0 842.4 838.8 839.6 837.7 837.4 837.3 838.7 840.8 1

 2 Nonfinancial corporate business 38.1 40.6 41.0 40.8 40.6 40.6 40.5 40.5 40.5 40.6 40.7 2

 3 Nonfinancial noncorporate business 723.8 772.0 779.1 774.6 771.1 771.3 769.5 769.8 769.6 770.7 772.8 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 22.7 25.1 26.8 27.1 27.1 27.7 27.7 27.1 27.2 27.4 27.4 5

 6 Total assets 784.6 837.7 847.0 842.4 838.8 839.6 837.7 837.4 837.3 838.7 840.8 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 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 8

 9 Nonfinancial noncorporate business 14.3 13.3 12.9 12.7 12.5 12.4 12.3 12.3 12.4 12.4 12.4 9

10 State and local governments 67.2 65.7 69.2 72.0 71.3 71.2 70.9 71.1 70.6 69.6 69.6 10

11 Federal government 14.4 14.5 14.7 14.5 14.5 14.3 14.4 14.3 14.1 14.1 14.1 11

12 U.S.-chartered commercial banks 168.4 210.8 207.1 205.6 203.2 200.5 193.7 190.3 189.3 186.9 186.2 12

13 Foreign banking offices in U.S. 0.0 4.3 4.0 4.0 4.0 3.8 3.5 3.5 3.2 2.9 2.9 13

14 Savings institutions 92.7 65.2 59.9 60.3 58.7 59.5 61.2 61.2 61.0 61.7 62.1 14

15 Life insurance companies 51.8 51.8 48.5 47.9 47.4 47.4 47.2 47.4 48.1 49.0 49.6 15

16 Private pension funds 2.1 2.4 2.7 3.0 3.3 3.2 3.1 3.1 2.9 2.7 2.9 16

17 State and local govt. retirement funds 2.9 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 17

18 Government-sponsored enterprises 147.7 190.2 204.4 249.7 249.2 251.3 256.5 256.1 254.6 256.4 258.3 18

19 Agency- and GSE-backed mortgage pools 88.1 92.8 105.7 56.1 60.1 63.7 66.9 71.3 77.1 81.1 83.5 19

20 ABS issuers 124.0 113.2 107.4 106.5 104.8 102.7 98.7 98.0 95.4 93.5 91.1 20

21 Finance companies 5.1 5.8 5.1 4.7 4.5 4.4 4.1 3.8 3.6 3.4 3.3 21

22 REITs 5.2 4.3 2.3 2.1 2.1 2.0 1.9 1.8 1.8 1.7 1.7 22
Z.1, March 8, 2012 99

L.220 Commercial Mortgages

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 2447.9 2566.4 2478.1 2445.9 2399.8 2354.5 2312.5 2288.7 2263.5 2242.2 2228.9 1

 2 Household sector 204.0 200.9 194.0 191.5 187.9 184.3 181.4 179.6 177.9 176.1 174.1 2

 3 Nonfinancial corporate business 825.6 776.0 667.1 655.7 638.8 622.1 600.2 580.5 556.6 541.1 536.6 3

 4 Nonfinancial noncorporate business 1284.3 1451.1 1476.9 1458.7 1432.5 1407.5 1391.4 1386.7 1382.7 1377.8 1371.3 4

 5 REITs 134.0 138.4 140.1 140.0 140.5 140.7 139.4 141.8 146.3 147.1 146.9 5

 6 Total assets 2447.9 2566.4 2478.1 2445.9 2399.8 2354.5 2312.5 2288.7 2263.5 2242.2 2228.9 6

 7 Household sector 19.1 20.0 19.2 18.8 18.2 17.5 16.7 15.8 14.8 13.6 12.4 7

 8 Nonfinancial corporate business 15.8 13.0 11.4 11.0 10.6 10.2 9.8 9.4 9.0 8.6 8.2 8

 9 Nonfinancial noncorporate business 11.5 10.7 10.4 10.2 10.1 10.0 10.0 10.0 10.0 10.0 10.1 9

10 State and local governments 13.4 13.1 13.8 14.4 14.3 14.5 14.7 14.6 14.5 14.3 14.3 10

11 Federal government 51.0 61.4 67.8 65.4 66.0 64.5 64.1 64.9 66.0 66.3 67.2 11

12 U.S.-chartered commercial banks 1165.3 1276.0 1243.5 1226.9 1204.3 1177.9 1151.0 1131.9 1117.4 1100.0 1093.3 12

13 Foreign banking offices in U.S. 39.0 32.8 32.9 32.7 31.1 30.4 30.8 29.2 28.7 29.5 28.5 13

14 Banks in U.S.-affiliated areas 19.3 19.7 19.6 19.3 15.7 15.6 15.7 16.1 15.7 15.4 15.6 14

15 Savings institutions 121.5 128.1 123.9 123.6 121.1 120.5 122.2 118.8 116.2 115.8 116.0 15

16 Property-casualty insurance companies 4.8 5.0 4.4 4.3 4.2 4.2 4.1 4.1 4.3 4.6 4.7 16

17 Life insurance companies 252.2 267.1 257.7 254.6 251.8 252.0 251.3 252.1 255.8 260.6 263.8 17

18 Private pension funds 6.8 7.4 8.9 9.6 10.2 10.0 9.9 9.4 8.8 8.2 8.7 18

19 State and local govt. retirement funds 3.3 3.2 3.2 3.2 3.2 3.2 3.2 3.1 3.1 3.2 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 633.6 604.7 563.3 553.5 541.8 529.2 518.3 520.2 510.3 506.6 498.1 21

22 Finance companies 54.0 66.6 64.6 65.2 63.3 61.6 59.5 57.2 54.5 53.1 52.7 22

23 REITs 37.3 37.7 33.4 33.3 34.0 33.2 31.2 31.9 34.5 32.4 32.0 23

L.221 Farm Mortgages (1)

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

 1 Total liabilities 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.3 134.3 133.2 132.2 1

 2 Nonfinancial corporate business 22.8 28.8 29.5 30.0 30.6 31.2 31.9 32.1 32.2 32.3 32.5 2

 3 Nonfinancial noncorporate business 89.9 105.9 101.8 102.5 103.2 103.8 104.3 103.2 102.1 100.9 99.7 3

 4 Total assets 112.7 134.7 131.3 132.5 133.8 135.0 136.3 135.3 134.3 133.2 132.2 4

 5 Household sector -0.0 0.0 -0.9 -0.1 -0.9 -1.3 -1.7 -1.4 -1.7 -0.5 -0.7 5

 6 Nonfinancial noncorporate business 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 6

 7 State and local governments 1.0 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 7

 8 Federal government 3.3 3.5 3.9 4.0 4.0 4.2 4.3 4.2 4.3 4.4 4.5 8

 9 U.S.-chartered commercial banks 41.9 50.6 50.1 50.5 51.0 51.4 51.9 51.5 51.1 50.7 50.3 9

10 Foreign banking offices in U.S. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Savings institutions 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 11

12 Life insurance companies 12.8 15.0 13.5 13.3 13.1 12.9 12.8 12.7 12.6 12.5 12.4 12

13 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 13

14 Government-sponsored enterprises 47.6 58.5 57.9 59.1 60.4 61.6 63.0 62.7 62.4 62.0 61.5 14

15 Agency- and GSE-backed mortgage pools 4.5 4.7 4.5 3.3 3.8 3.8 3.8 3.2 3.2 1.7 1.7 15

(1) Excludes mortgages on farm houses.
100 Z.1, March 8, 2012

L.222 Consumer Credit

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities (Households) 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2424.3 2466.7 2521.0 1

 2 Total assets 2555.3 2594.1 2478.9 2406.1 2387.5 2407.8 2434.7 2401.9 2424.3 2466.7 2521.0 2

 3 Nonfinancial corporate business 58.6 59.8 57.2 53.5 52.8 52.4 56.0 52.8 53.1 53.1 57.0 3

 4 Nonfinancial 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 98.4 111.0 186.0 209.8 222.6 280.3 316.4 355.2 370.1 406.1 425.1 5

 6 U.S.-chartered commercial banks 804.1 878.6 855.3 1149.2 1133.7 1115.2 1098.7 1058.9 1072.3 1073.8 1100.6 6

 7 Savings institutions 90.8 86.3 77.5 78.0 80.6 82.1 86.8 84.7 87.4 89.3 92.0 7

 8 Credit unions 235.7 236.2 237.2 228.0 225.8 224.9 226.5 218.1 220.9 223.9 223.0 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 683.7 646.4 577.9 150.7 144.8 136.6 131.7 122.4 118.7 116.1 116.9 10

11 Finance companies 584.1 575.8 487.8 536.9 527.2 516.3 518.6 509.8 501.8 504.3 506.3 11

L.223 Trade Credit

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

 1 Total trade payables 3398.0 3228.0 3204.2 3277.4 3313.7 3387.6 3403.0 3477.3 3553.4 3618.8 3679.0 1

 2 Household sector 214.5 236.7 252.7 258.0 263.3 268.7 274.1 279.1 282.6 286.0 288.2 2

 3 Nonfinancial corporate business 1897.9 1672.7 1587.5 1634.4 1657.7 1712.9 1748.5 1795.0 1862.2 1915.0 1973.1 3

 4 Nonfinancial noncorporate business 374.9 380.7 388.3 385.1 379.7 372.6 368.3 368.3 371.0 374.7 374.2 4

 5 State and local governments 553.5 592.7 630.4 639.9 649.5 659.1 668.8 678.6 688.5 698.4 708.2 5

 6 Federal government 238.2 260.8 204.6 218.0 227.4 226.8 226.7 242.6 249.3 253.9 255.3 6

 7 Rest of the world 73.1 63.2 70.6 79.7 84.0 92.3 98.4 95.1 80.4 74.5 65.8 7

 8 Brokers and dealers 45.8 21.2 70.1 62.2 52.0 55.1 18.1 18.5 19.3 16.4 14.2 8

 9 Total trade receivables 3279.9 3097.1 2995.9 3055.7 3151.7 3186.1 3135.9 3224.7 3327.4 3371.5 3327.9 9

10 Nonfinancial corporate business 2253.0 2081.1 2050.5 2104.5 2203.3 2241.3 2189.8 2275.9 2373.8 2408.3 2366.2 10

11 Nonfinancial noncorporate business 525.6 522.7 496.3 487.9 481.5 476.8 476.1 476.0 476.4 477.9 479.7 11

12 State and local governments 159.9 156.4 164.6 171.5 169.7 172.1 175.4 174.2 173.0 170.7 170.7 12

13 Federal government 60.6 64.7 43.6 45.0 42.0 42.7 42.9 44.7 47.0 46.7 44.8 13

14 Rest of the world 83.6 90.1 96.7 106.8 114.4 111.9 116.1 115.9 117.8 131.7 132.4 14

15 Property-casualty insurance companies 85.4 86.7 83.0 84.8 86.7 87.1 83.8 84.4 88.2 88.7 86.7 15

16 ABS issuers 111.7 95.5 61.3 55.1 54.1 54.2 51.8 53.6 51.1 47.5 47.5 16

17 Discrepancy 118.1 130.9 208.3 221.7 162.0 201.4 267.1 252.6 226.0 247.3 351.1 17

L.224 Security Credit

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

 1 Total liabilities 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1323.8 1380.9 1312.4 1

 2 Household sector 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 238.5 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 1200.9 963.6 888.2 912.4 929.1 940.0 936.6 942.3 1011.0 1128.9 1073.9 4

 5 Customer credit balances (HH) 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 752.3 5

 6 From U.S.-chartered commercial banks 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 186.9 189.8 6

 7 From foreign banking offices in U.S. 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 137.2 131.7 7

 8 Total assets 1526.4 1128.5 1091.2 1108.8 1146.1 1173.7 1214.8 1258.1 1323.8 1380.9 1312.4 8

 9 Household sector 866.4 742.7 668.6 680.0 686.0 696.8 694.3 703.3 757.7 804.9 752.3 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 145.9 158.6 158.0 160.0 164.5 144.1 152.3 152.1 163.2 186.9 189.8 11

12 Foreign banking offices in U.S. 188.6 62.3 61.6 72.3 78.6 99.2 90.1 86.9 90.1 137.2 131.7 12

13 Brokers and dealers 325.5 164.8 203.0 196.4 217.0 233.7 278.2 315.7 312.8 251.9 238.5 13
Z.1, March 8, 2012 101

L.225 Life Insurance and Pension Fund Reserves

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Life insurance reserves:

 1 Total liabilities 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 1338.9 1

 2 Federal government 45.4 46.4 47.5 47.4 47.6 47.8 48.4 48.5 48.9 49.2 49.7 2

 3 Life insurance companies 1156.1 1133.4 1194.5 1202.1 1188.1 1214.1 1229.9 1249.3 1262.3 1269.2 1289.3 3

 4 Net change in assets 1201.5 1179.8 1242.1 1249.5 1235.7 1261.9 1278.3 1297.8 1311.2 1318.5 1338.9 4

 5 Households 1076.8 1049.8 1109.2 1115.4 1098.5 1122.8 1137.2 1155.3 1167.8 1172.6 1190.6 5

 6 U.S.-chartered commercial banks 104.3 110.7 111.5 112.1 112.8 114.4 116.0 117.3 118.4 119.3 120.8 6

 7 Bank holding companies 20.5 19.3 21.4 22.0 24.3 24.7 25.1 25.1 25.0 26.5 27.6 7

 Pension fund reserves:

 8 Total liabilities 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13088.3 13483.5 13412.8 12466.6 13160.9 8

 9 Life insurance companies 2450.8 2184.6 2323.0 2371.5 2305.3 2406.1 2504.7 2565.6 2586.6 2513.1 2568.0 9

10 Private pension funds (1) 6444.8 4588.0 5507.4 5745.0 5352.4 5765.0 6134.3 6363.6 6368.8 5754.4 6117.3 10

11 State and local govt. retirement funds 3297.9 2414.7 2759.8 2856.7 2641.4 2815.4 3024.0 3131.3 3116.3 2771.4 2965.8 11

12 Federal government retirement funds (2) 1197.2 1221.2 1324.4 1317.7 1311.0 1345.5 1425.3 1423.1 1341.1 1427.6 1509.7 12

13 Total assets (Households) (3) 13390.7 10408.5 11914.5 12291.0 11610.2 12331.9 13088.3 13483.5 13412.8 12466.6 13160.9 13

(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 167.7 44.0 40.6 49.5 43.7 53.9 51.8 78.2 66.5 68.6 72.1 1

 2 Nonfinancial corporate business 35.8 39.0 35.7 49.5 43.9 47.1 39.1 57.3 47.0 53.0 48.2 2

 3 Nonfinancial noncorporate business 99.5 106.2 99.9 97.7 96.1 94.9 94.7 94.7 94.8 95.2 95.6 3

 4 U.S.-chartered commercial banks 11.1 -74.6 -67.5 -73.6 -64.6 -64.8 -60.6 -56.4 -51.2 -47.9 -50.5 4

 5 Savings institutions 1.3 1.0 1.3 1.6 1.1 1.0 1.0 1.5 0.9 1.0 1.3 5

 6 Property-casualty insurance companies 7.0 -21.1 -15.8 -12.6 -19.1 -15.7 -10.1 -7.9 -13.1 -19.4 -14.1 6

 7 Life insurance companies -4.7 -24.4 -31.4 -30.0 -30.6 -27.7 -28.8 -27.9 -29.1 -30.3 -23.6 7

 8 Finance companies 15.5 15.4 12.7 12.6 12.6 12.8 12.9 12.8 12.8 13.3 12.9 8

 9 Brokers and dealers 2.2 2.5 5.7 4.4 4.4 6.4 3.6 4.2 4.3 3.7 2.1 9

10 Total business taxes receivable 342.5 389.3 416.1 420.9 429.9 442.4 448.9 458.2 466.8 463.0 474.0 10

11 State and local governments 237.5 269.8 280.9 281.8 286.9 295.5 298.0 303.5 308.2 300.4 307.5 11

12 Federal government 105.0 119.4 135.1 139.1 143.0 146.9 150.8 154.8 158.7 162.6 166.5 12

13 Discrepancy -174.8 -345.3 -375.5 -371.4 -386.2 -388.5 -397.1 -380.0 -400.3 -394.5 -401.9 13

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 8951.2 7314.6 6428.9 6632.6 7004.3 6717.7 7162.7 7169.3 7145.0 7525.8 7298.7 1

 2 Nonfinancial noncorporate business 8939.6 7305.1 6416.8 6618.4 6990.3 6704.7 7149.0 7155.9 7131.9 7514.1 7288.4 2

 3 Brokers and dealers 11.6 9.5 12.1 14.2 14.0 13.0 13.8 13.4 13.1 11.7 10.4 3
102 Z.1, March 8, 2012

L.228 Total Miscellaneous Financial Claims

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 17441.8 19846.9 19678.3 19623.7 20415.9 20149.4 20433.6 20318.7 20416.6 21639.8 21267.7 1

 2 Household sector 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 24.3 2

 3 Nonfinancial corporate business 4048.6 4243.9 4222.2 4167.2 4165.6 4160.7 4136.0 4084.1 3986.4 3849.6 3775.5 3

 4 Nonfinancial noncorporate business 1100.0 1214.3 1247.4 1255.5 1263.1 1271.0 1279.2 1287.9 1298.1 1309.5 1321.9 4

 5 Federal government 1094.2 1183.5 1261.6 1243.8 1249.1 1269.6 1349.4 1335.1 1242.0 1358.1 1438.3 5

 6 Rest of the world 4942.4 5813.9 5669.2 5747.8 6396.8 5924.5 6323.8 6342.1 6481.8 7514.8 7116.5 6

 7 Monetary authority 21.0 23.1 29.2 28.7 31.6 29.7 58.4 29.3 27.0 27.7 31.7 7

 8 U.S.-chartered commercial banks 1103.1 1258.1 1409.2 1425.2 1513.7 1590.5 1518.2 1510.8 1590.3 1637.7 1634.6 8

 9 Foreign banking offices in U.S. 299.6 849.4 431.3 433.4 533.8 628.8 438.7 480.7 542.4 737.6 697.7 9

10 Bank holding companies 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 513.8 476.6 10

11 Banks in U.S.-affiliated areas 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 20.2 14.8 11

12 Savings institutions 102.4 72.3 21.8 22.4 20.3 20.5 20.2 20.5 19.6 22.7 22.5 12

13 Credit unions 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.2 11.5 11.9 13

14 Property-casualty insurance companies 811.1 811.0 832.6 831.2 839.9 844.6 844.6 845.8 857.4 864.6 850.7 14

15 Life insurance companies 1010.6 905.0 985.6 1012.6 1049.3 1074.7 1089.8 1115.5 1109.1 1089.2 1115.4 15

16 Government-sponsored enterprises 171.1 208.2 270.4 222.3 171.8 137.3 154.6 140.5 137.7 130.7 138.0 16

17 Finance companies 654.4 664.8 573.6 571.0 568.7 570.4 561.7 550.0 556.9 567.4 553.2 17

18 REITs 67.6 64.9 51.1 65.0 68.9 67.6 66.0 70.1 72.9 75.6 78.5 18

19 Brokers and dealers 558.4 441.4 460.1 478.5 447.8 477.1 497.5 493.7 510.6 477.5 496.5 19

20 Funding corporations 1075.3 1616.7 1598.7 1515.1 1488.8 1472.5 1525.5 1431.4 1405.5 1407.3 1469.2 20

21 Total assets 24589.6 24654.0 24976.5 25045.0 25597.0 25684.1 25799.7 25746.6 25904.0 26803.4 26790.9 21

22 Household sector 712.2 766.3 787.1 788.1 798.4 811.9 830.6 832.3 834.1 852.3 864.1 22

23 Nonfinancial corporate business 9877.0 9358.3 9533.1 9698.2 9736.8 9860.1 10080.3 10143.1 10205.6 10226.1 10501.5 23

24 Nonfinancial noncorporate business 2014.3 2121.8 2040.0 2006.2 1980.3 1961.6 1958.4 1958.6 1961.3 1967.6 1973.3 24

25 State and local governments -26.7 -13.0 4.3 50.1 60.8 58.8 53.2 34.3 25.3 22.1 3.6 25

26 Federal government 138.7 110.8 145.8 147.2 130.5 136.8 141.4 141.0 142.7 143.2 144.9 26

27 Rest of the world 4484.6 4138.7 4116.2 4095.3 4600.7 4453.6 4557.5 4408.5 4472.9 5064.7 4724.4 27

28 Monetary authority 40.5 569.8 75.9 68.2 68.6 67.2 83.1 92.8 105.0 104.6 225.8 28

29 U.S.-chartered commercial banks 780.5 1118.9 947.4 910.2 950.7 918.0 866.4 870.1 869.7 935.1 881.1 29

30 Foreign banking offices in U.S. -104.9 259.7 143.9 135.8 229.5 197.2 148.7 182.6 252.0 374.8 371.8 30

31 Bank holding companies 1803.2 1986.4 2779.7 2751.7 2787.4 2839.6 2715.8 2759.7 2768.6 2767.1 2766.8 31

32 Banks in U.S.-affiliated areas 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 11.9 16.7 11.8 32

33 Savings institutions 115.5 90.0 83.8 82.7 80.4 78.9 75.8 77.6 76.7 78.4 76.2 33

34 Credit unions 35.9 44.2 50.6 43.5 40.8 47.9 41.9 42.8 20.5 23.4 13.0 34

35 Property-casualty insurance companies 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 142.6 142.5 146.3 35

36 Life insurance companies 342.9 380.1 357.6 361.9 389.4 389.0 360.3 341.0 355.0 348.7 326.2 36

37 Private pension funds 567.1 426.5 533.3 545.5 519.2 543.5 549.4 559.1 554.1 503.7 536.8 37

38 State and local govt. retirement funds 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 18.0 18.2 38

39 Federal government retirement funds 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 1213.7 39

40 Money market mutual funds 90.9 47.9 59.1 54.8 58.1 59.8 66.9 65.2 64.0 68.3 72.7 40

41 Mutual funds 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 13.4 14.4 14.4 41

42 Government-sponsored enterprises 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 154.0 147.0 42

43 Finance companies 18.2 30.0 61.9 45.3 52.2 46.5 46.0 53.5 57.3 63.6 58.3 43

44 REITs 55.4 54.6 46.1 48.6 54.5 58.8 53.5 59.6 63.3 65.0 64.3 44

45 Brokers and dealers 1633.7 1105.7 1141.0 1148.1 1047.3 1062.2 1025.3 1005.5 1026.2 1004.5 932.0 45

46 Funding corporations 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 695.5 702.6 46

47 Discrepancy -7147.8 -4807.1 -5298.2 -5421.3 -5181.1 -5534.7 -5366.2 -5427.8 -5487.4 -5163.6 -5523.2 47
Z.1, March 8, 2012 103

L.229 Identified Miscellaneous Financial Claims - Part I

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 3553.1 3748.5 4067.5 4184.1 4260.2 4345.7 4429.4 4528.1 4673.1 4752.5 4819.8 1

 2 Asset: Nonfinancial corporate business 2892.9 3011.1 3294.0 3404.4 3471.6 3545.5 3585.2 3681.6 3815.2 3894.1 3950.4 2

 3 U.S.-chartered commercial banks 150.3 201.5 241.2 239.3 243.2 243.9 257.1 259.1 259.2 253.2 251.2 3

 4 Property-casualty insurance companies 121.1 102.6 128.0 129.9 128.6 131.8 143.1 140.6 142.6 142.5 146.3 4

 5 Life insurance companies 25.6 25.0 28.1 28.7 29.8 30.1 32.1 32.2 33.7 35.7 38.4 5

 6 Finance companies 177.9 221.0 204.9 203.8 207.1 212.0 224.6 225.3 231.4 234.1 239.4 6

 7 Brokers and dealers 185.3 187.4 171.4 178.0 179.9 182.3 187.4 189.3 191.0 192.9 194.0 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1961.9 2050.3 2025.8 2070.8 2099.2 2166.0 2175.2 2199.5 2247.7 2320.1 2373.6 8

 9 Nonfinancial noncorporate business 3.6 3.6 4.0 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.4 9

10 Foreign banking offices in U.S. 94.2 71.7 104.9 108.3 110.6 113.1 111.3 115.2 118.6 125.0 131.6 10

11 Property-casualty insurance companies 76.6 51.2 77.8 77.3 79.3 79.5 83.5 85.1 83.5 83.2 80.7 11

12 Life insurance companies 68.7 60.3 68.9 70.3 71.7 73.3 86.8 81.8 80.8 78.7 77.0 12

13 Finance companies 68.6 78.1 75.0 75.3 75.7 77.3 83.6 84.7 87.6 87.1 88.9 13

14 Brokers and dealers 62.6 72.1 74.5 75.7 76.9 87.7 103.0 104.7 108.6 112.6 115.9 14

15 Funding corporations 9.6 10.2 10.8 11.0 11.1 11.3 11.4 11.6 11.7 11.9 12.0 15

16 Asset: Rest of the world 2345.9 2397.4 2441.7 2492.9 2528.7 2612.6 2658.9 2686.7 2742.9 2822.9 2884.0 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 54.7 56.1 17

18 Asset: Federal government 46.9 48.3 50.0 50.4 51.8 52.1 52.3 52.9 54.3 54.7 56.1 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 26.0 26.9 19

20 Asset: U.S.-chartered commercial banks 18.5 21.1 25.6 26.3 26.6 26.7 26.5 26.3 26.5 26.0 26.9 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 56.0 51.8 51.8 51.0 50.5 50.6 49.0 48.6 44.2 43.5 43.1 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.7 0.4 0.5 0.5 0.4 0.5 0.6 0.7 0.6 0.5 0.5 22

23 Nonfinancial noncorporate (FCS) 5.0 6.4 6.3 6.4 6.4 6.7 6.7 6.7 6.8 7.0 7.0 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 U.S.-chartered commercial banks (FHLB) 26.7 25.6 24.7 24.1 23.7 24.0 22.9 23.1 18.0 17.7 17.7 25

26 Savings institutions (FHLB) 18.8 13.4 15.0 15.0 14.8 14.0 13.8 13.2 14.0 13.5 12.9 26

27 Credit unions (FHLB) 2.5 2.8 2.4 2.4 2.4 2.4 2.2 2.2 2.0 2.0 2.1 27

28 Life insurance companies (FHLB) 2.2 3.2 2.9 2.8 2.9 2.9 2.9 2.9 2.7 2.7 2.9 28

 BHC investment in subsidiaries:

29 Liab.: U.S.-chartered commercial banks 1197.8 1244.4 1413.5 1408.5 1431.6 1452.4 1366.8 1358.8 1399.6 1428.9 1426.3 29

30 Savings institutions 10.9 13.4 24.0 24.0 23.7 24.3 23.0 23.2 22.7 22.4 21.7 30

31 Life insurance companies 43.7 31.2 40.5 43.2 46.9 50.8 62.7 64.5 67.4 74.6 72.0 31

32 Finance companies 239.9 232.6 209.3 181.5 179.0 178.3 173.1 148.8 154.9 154.5 154.7 32

33 Brokers and dealers 49.9 109.2 635.3 659.0 661.0 683.2 634.6 663.7 610.4 577.6 593.4 33

34 Asset: Bank holding companies 1542.2 1630.9 2322.6 2316.1 2342.2 2389.0 2260.2 2259.0 2255.0 2258.0 2268.1 34

 NFC inv. in finance company subs.:

35 Liab.: Finance companies 81.5 80.5 71.2 95.9 94.6 94.2 91.5 108.7 113.2 112.9 113.0 35

36 Asset: Nonfinancial corporate business 81.5 80.5 71.2 95.9 94.6 94.2 91.5 108.7 113.2 112.9 113.0 36

 Funding corp. investment in subs.:

37 Liab.: Foreign banking offices in U.S. 241.0 276.6 203.1 189.2 150.4 177.1 171.6 188.9 173.4 140.1 137.8 37

38 Brokers and dealers 510.5 516.9 523.2 522.5 514.8 531.0 508.2 518.5 539.7 555.4 564.8 38

39 Asset: Funding corporations 751.5 793.5 726.3 711.7 665.2 708.0 679.8 707.4 713.1 695.5 702.6 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 0.0 1.8 4.2 6.2 7.1 7.7 7.8 8.3 8.7 8.8 40

41 Asset: Households (1) 0.0 0.0 0.9 2.1 3.1 3.6 3.8 3.9 4.1 4.4 4.4 41

42 Federal government 0.0 0.0 0.9 2.1 3.1 3.6 3.8 3.9 4.1 4.4 4.4 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
104 Z.1, March 8, 2012

L.230 Identified Miscellaneous Financial Claims - Part II

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 24.5 554.2 10.9 0.7 2.1 0.9 0.8 0.7 1.0 1.6 101.1 1

 2 Asset: Federal government 0.5 0.5 0.7 0.7 0.8 0.9 0.8 0.7 1.0 1.1 1.3 2

 3 Monetary authority (1) 24.0 553.7 10.3 0.0 1.2 0.1 0.1 0.0 0.0 0.5 99.8 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 20.9 15.5 15.9 21.1 17.8 19.7 14.4 15.0 14.1 16.3 12.0 6

 7 Asset: Savings institutions 20.9 15.5 15.9 21.1 17.8 19.7 14.4 15.0 14.1 16.3 12.0 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 24.3 8

 9 Asset: Life insurance companies 23.9 27.0 22.1 24.6 25.5 22.6 24.7 25.2 25.6 24.4 24.3 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 247.6 265.2 273.6 275.0 280.0 286.7 288.4 291.2 293.8 300.4 303.2 10

11 Accident and health 163.3 182.7 192.4 192.8 196.9 203.1 207.1 208.9 213.2 219.4 222.4 11

12 Policy dividend accumulation 43.7 40.4 39.2 39.1 38.8 39.1 39.7 39.9 38.6 38.5 38.2 12

13 Contract claims 40.6 42.1 42.0 43.0 44.3 44.4 41.6 42.4 41.9 42.6 42.6 13

14 Asset: Household sector 247.6 265.2 273.6 275.0 280.0 286.7 288.4 291.2 293.8 300.4 303.2 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 734.5 759.9 754.8 753.9 760.6 765.1 761.2 760.7 773.9 781.4 770.0 15

16 Asset: Household sector 327.3 337.3 332.2 331.7 334.8 337.3 335.4 334.4 339.7 342.1 335.1 16

17 Nonfinancial corporate business 299.9 311.1 310.2 309.9 312.8 314.6 313.2 313.3 319.1 322.5 318.5 17

18 Nonfinancial noncorporate business 107.3 111.5 112.4 112.3 113.0 113.2 112.5 113.0 115.1 116.8 116.4 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.7 471.0 420.9 450.8 19

20 Asset: Private pension funds 431.3 317.6 412.8 429.9 408.0 433.8 457.5 471.7 471.0 420.9 450.8 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.0 49.0 49.1 49.4 21

22 Asset: Private pension funds 47.2 47.9 50.5 49.9 49.6 49.4 49.2 49.0 49.0 49.1 49.4 22

 Securities borrowed (net):

23 Liab.: Funding corporations 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.6 727.8 727.0 658.4 23

24 Asset: Brokers and dealers 1240.2 887.0 856.8 849.2 765.6 773.5 733.4 709.6 727.8 727.0 658.4 24

 Nonmarketable government securities:

25 Liab.: Federal government 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 1213.7 25

26 Asset: Federal government retirement funds 952.0 1015.3 1077.2 1060.6 1064.8 1081.5 1142.9 1128.8 1042.1 1149.3 1213.7 26

 Retiree health care funds (2):

27 Liab.: Federal government 137.3 163.8 180.4 179.3 180.5 184.4 202.9 202.8 196.5 205.4 221.4 27

28 Asset: Household sector 137.3 163.8 180.4 179.3 180.5 184.4 202.9 202.8 196.5 205.4 221.4 28

(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, March 8, 2012 105

L.231 Unidentified Miscellaneous Financial Claims

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

2007 2008 2009 2010 2011

 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

 1 Total liabilities 5186.9 7021.6 6264.7 6047.0 6835.6 6245.9 6502.9 6238.6 6191.3 7189.3 6541.2 1

 2 Nonfinancial corporate business 2039.5 2145.7 2146.0 2046.4 2016.8 1945.2 1911.6 1835.6 1689.7 1480.4 1352.5 2

 3 Nonfinancial noncorporate business 1096.4 1210.7 1243.3 1251.2 1258.9 1266.7 1274.9 1283.6 1293.8 1305.1 1317.5 3

 4 Federal government 4.9 4.3 4.0 3.9 3.8 3.7 3.6 3.5 3.4 3.3 3.2 4

 5 Rest of the world 1318.0 1462.8 1540.8 1512.6 2082.9 1525.8 1841.2 1760.4 1753.5 2706.0 2139.5 5

 6 Monetary authority 2.5 2.1 3.6 2.5 5.0 3.0 31.9 3.0 0.5 1.7 4.8 6

 7 U.S.-chartered commercial banks -94.7 13.6 -4.4 16.7 82.1 138.1 151.4 152.0 190.6 208.9 208.2 7

 8 Foreign banking offices in U.S. -35.6 501.1 123.2 135.9 272.8 338.6 155.9 176.6 250.3 472.5 428.3 8

 9 Bank holding companies 328.3 422.9 548.0 545.8 543.0 553.6 514.2 525.6 523.9 513.8 476.6 9

10 Banks in U.S.-affiliated areas 26.2 21.7 25.0 22.2 26.1 21.6 20.0 18.8 17.2 20.2 14.8 10

11 Savings institutions 91.5 58.9 -2.2 -1.6 -3.4 -3.8 -2.8 -2.8 -3.1 0.3 0.8 11

12 Credit unions 3.6 4.7 19.4 11.4 12.0 12.4 11.0 11.6 12.2 11.5 11.9 12

13 Life insurance companies 219.3 230.8 189.8 194.3 242.7 230.2 194.4 206.4 196.1 214.6 212.4 13

14 Government-sponsored enterprises 94.3 141.0 202.8 150.2 103.5 67.0 91.2 76.8 79.4 71.0 83.0 14

15 Finance companies 264.4 273.7 218.1 218.3 219.4 220.6 213.5 207.7 201.3 212.9 196.7 15

16 REITs 67.6 64.9 51.1 65.0 68.9 67.6 66.0 70.1 72.9 75.6 78.5 16

17 Brokers and dealers -64.6 -256.8 -773.0 -778.6 -804.8 -824.9 -748.2 -793.1 -748.1 -768.1 -777.6 17

18 Funding corporations -174.5 719.5 729.3 650.7 706.0 680.6 773.1 702.5 657.7 659.8 790.1 18

19 Total assets 12334.7 11828.7 11562.9 11468.3 12016.7 11780.6 11869.0 11666.4 11678.7 12352.9 12064.4 19

20 Nonfinancial corporate business 6601.9 5955.2 5857.3 5887.6 5857.5 5905.3 6089.9 6038.8 5957.5 5896.0 6119.1 20

21 Nonfinancial noncorporate business 1902.0 2003.9 1921.3 1887.5 1860.8 1841.7 1839.2 1839.0 1839.3 1843.9 1849.9 21

22 State and local governments -26.7 -13.0 4.3 50.1 60.8 58.8 53.2 34.3 25.3 22.1 3.6 22

23 Federal government 91.4 62.0 94.3 94.0 74.8 80.3 84.5 83.6 83.3 83.0 83.2 23

24 Rest of the world 2138.7 1741.3 1674.5 1602.4 2072.0 1841.0 1898.6 1721.8 1730.1 2241.8 1840.4 24

25 Monetary authority 16.5 16.1 65.6 68.2 67.3 67.1 83.0 92.8 105.0 104.1 126.0 25

26 U.S.-chartered commercial banks 585.1 870.8 655.8 620.6 657.2 623.4 559.9 561.7 566.0 638.3 585.2 26

27 Foreign banking offices in U.S. -104.9 259.7 143.9 135.8 229.5 197.2 148.7 182.6 252.0 374.8 371.8 27

28 Bank holding companies 261.0 355.5 457.2 435.7 445.3 450.6 455.5 500.7 513.6 509.1 498.7 28

29 Banks in U.S.-affiliated areas 12.1 11.1 6.5 7.5 13.3 12.1 11.0 10.9 11.9 16.7 11.8 29

30 Savings institutions 75.7 61.1 52.9 46.6 47.8 45.1 47.6 49.5 48.6 48.6 51.3 30

31 Credit unions 33.4 41.5 48.3 41.1 38.4 45.5 39.7 40.6 18.5 21.4 10.9 31

32 Life insurance companies 291.2 324.9 304.5 305.8 331.2 333.4 300.6 280.7 292.9 285.9 260.6 32

33 Private pension funds 88.6 61.0 70.0 65.7 61.6 60.4 42.8 38.4 34.1 33.7 36.6 33

34 State and local govt. retirement funds 15.7 15.7 16.2 16.3 16.5 16.9 17.0 17.3 17.3 18.0 18.2 34

35 Mutual funds 16.8 20.0 14.9 8.3 2.8 -4.1 2.9 5.5 13.4 14.4 14.4 35

36 Money market mutual funds 90.9 47.9 59.1 54.8 58.1 59.8 66.9 65.2 64.0 68.3 72.7 36

37 Government-sponsored enterprises 141.7 99.1 100.3 129.5 120.1 146.4 148.6 108.8 109.2 154.0 147.0 37

38 Finance companies -159.7 -191.0 -143.0 -158.5 -154.9 -165.5 -178.6 -171.8 -174.1 -170.5 -181.1 38

39 REITs 55.4 54.6 46.1 48.6 54.5 58.8 53.5 59.6 63.3 65.0 64.3 39

40 Brokers and dealers 208.1 31.3 112.9 121.0 101.9 106.4 104.6 106.6 107.4 84.5 79.6 40

41 Discrepancy -7147.8 -4807.1 -5298.2 -5421.3 -5181.1 -5534.7 -5366.2 -5427.8 -5487.4 -5163.6 -5523.2 41