60 Z.1, December 10, 2009

L.1 Credit Market Debt Outstanding (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total credit market debt owed by: 37785.7 41254.0 45306.3 50012.3 50782.4 51250.6 52070.5 52509.0 52899.4 52730.3 52617.3 1

 2 Domestic nonfinancial sectors 24426.9 26756.1 29151.3 31694.5 32174.7 32358.4 33031.4 33564.9 33994.3 34277.0 34524.8 2

 3 Household sector 10548.6 11716.7 12892.7 13754.0 13813.6 13832.5 13867.3 13795.9 13709.5 13666.3 13624.5 3

 4 Nonfinancial corporate business 5172.2 5505.8 5967.7 6757.1 6870.1 7010.9 7077.0 7099.9 7174.0 7209.6 7201.2 4

 5 Nonfarm noncorporate business 2455.3 2786.9 3195.6 3650.3 3745.3 3794.5 3841.0 3852.5 3803.6 3728.8 3635.6 5

 6 Farm business 172.9 190.1 204.3 218.9 209.0 219.9 216.3 219.9 217.6 218.8 217.8 6

 7 State and local governments 1683.0 1854.7 2005.9 2191.8 2214.2 2226.4 2229.3 2235.1 2262.7 2288.1 2301.7 7

 8 Federal government 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 7544.0 8

 9 Rest of the world 1438.8 1513.9 1882.6 2126.3 2201.9 2227.7 2097.7 1864.4 1896.4 1951.1 2024.9 9

10 Financial sectors 11920.0 12984.0 14272.4 16191.5 16405.7 16664.5 16941.4 17079.7 17008.8 16502.2 16067.7 10

11 Commercial banking 738.7 823.9 998.0 1261.2 1312.9 1394.2 1460.5 1422.0 1724.9 1720.8 1685.1 11

12 U.S.-chartered commercial banks 356.7 393.6 497.8 629.6 647.2 655.9 785.9 708.6 626.1 617.8 562.4 12

13 Foreign banking offices in U.S. 0.7 0.8 0.5 0.5 0.4 0.3 0.0 0.0 0.0 0.0 0.0 13

14 Bank holding companies 381.3 429.5 499.7 631.1 665.4 737.9 674.6 713.3 1098.8 1103.0 1122.7 14

15 Savings institutions 404.8 427.3 319.1 423.3 436.3 431.3 378.0 356.1 321.8 253.2 192.4 15

16 Credit unions 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 28.3 16

17 Life insurance companies 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 47.5 17

18 Government-sponsored enterprises 2676.3 2592.2 2627.8 2910.2 2938.1 3102.1 3152.7 3181.9 3118.3 2948.1 2800.5 18

19 Agency- and GSE-backed mortgage pools 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 19

20 ABS issuers 2656.1 3386.3 4185.0 4520.2 4454.5 4345.4 4241.4 4095.1 3939.0 3804.4 3652.8 20

21 Finance companies 1129.6 1108.6 1144.2 1279.6 1301.4 1299.3 1264.7 1200.3 1148.0 1102.2 1074.9 21

22 REITs 340.1 395.5 411.0 421.2 403.8 397.5 389.9 372.6 364.0 352.5 347.5 22

23 Brokers and dealers 62.2 62.4 68.8 64.8 120.1 85.9 276.7 142.6 102.6 102.5 104.4 23

24 Funding corporations 515.1 619.9 648.2 786.4 777.6 780.5 799.3 1252.9 1165.6 966.2 834.6 24

25 Total credit market assets held by: 37785.7 41254.0 45306.3 50012.3 50782.4 51250.6 52070.5 52509.0 52899.4 52730.3 52617.3 25

26 Domestic nonfinancial sectors 4928.7 5484.0 5723.4 6270.7 6122.5 6161.9 6249.8 6083.8 6618.7 6393.4 6566.8 26

27 Household sector 3072.0 3420.4 3547.0 4117.8 4074.6 4131.2 4252.3 4055.9 4538.6 4250.7 4360.2 27

28 Nonfinancial corporate business 297.4 339.6 327.9 246.4 153.6 147.1 127.0 129.6 135.9 146.6 144.1 28

29 Nonfarm noncorporate business 85.4 96.8 96.7 106.7 109.6 111.2 113.0 113.3 111.4 109.2 105.7 29

30 State and local governments 1198.1 1352.0 1470.6 1512.0 1491.7 1474.3 1450.5 1410.8 1374.2 1332.5 1317.2 30

31 Federal government 275.9 275.0 281.2 287.8 293.1 298.0 307.1 374.3 458.7 554.4 639.6 31

32 Rest of the world 4634.7 5191.3 6200.1 7272.5 7402.4 7579.6 7606.2 7590.7 7673.0 7721.2 7733.9 32

33 Financial sectors 28222.3 30578.7 33382.9 36469.0 37257.4 37509.2 38214.5 38834.5 38607.8 38615.7 38316.6 33

34 Monetary authority 717.8 744.2 778.9 740.6 631.0 509.1 780.9 986.0 1168.1 1469.5 1776.6 34

35 Commercial banking 6621.2 7278.4 8040.5 8781.6 8904.8 8972.2 9394.9 9425.1 9297.3 9278.3 9022.6 35

36 U.S.-chartered commercial banks 5980.7 6487.4 7144.1 7666.8 7750.6 7816.0 8245.6 8197.9 8143.4 8223.3 8004.0 36

37 Foreign banking offices in U.S. 513.3 657.8 761.6 963.3 1001.8 977.6 980.2 1063.7 993.2 890.2 851.2 37

38 Bank holding companies 36.4 32.2 35.6 58.7 59.7 84.1 75.0 72.6 71.5 75.5 76.5 38

39 Banks in U.S.-affiliated areas 90.8 101.0 99.3 92.8 92.7 94.5 94.1 90.9 89.2 89.5 90.9 39

40 Savings institutions 1417.7 1617.1 1519.2 1584.9 1599.2 1607.0 1325.9 1310.3 1311.5 1205.1 1180.6 40

41 Credit unions 556.4 592.6 622.7 657.9 665.0 684.7 697.0 697.9 699.4 718.9 727.1 41

42 Property-casualty insurance companies 698.8 765.8 813.5 839.8 836.6 835.0 826.4 823.5 823.8 835.3 839.7 42

43 Life insurance companies 2661.4 2765.4 2806.1 2888.6 2916.1 2928.4 2910.6 2899.2 2946.9 2969.4 2991.1 43

44 Private pension funds 654.6 699.9 758.3 860.7 875.6 896.2 914.4 951.4 973.0 980.7 983.4 44

45 State and local govt. retirement funds 675.3 693.4 825.4 855.6 857.4 856.0 854.2 851.1 844.4 840.6 838.6 45

46 Federal government retirement funds 68.2 76.0 84.3 96.1 106.1 108.1 115.1 120.3 124.5 124.7 125.8 46

47 Money market mutual funds 1346.3 1340.8 1560.8 1936.4 2237.5 2232.8 2232.0 2675.0 2575.2 2418.1 2163.8 47

48 Mutual funds 1623.0 1747.1 1932.0 2203.1 2256.7 2356.6 2340.9 2276.4 2319.9 2436.0 2551.7 48

49 Closed-end funds 163.6 165.8 171.8 170.6 165.2 159.4 148.8 131.0 131.1 135.4 138.9 49

50 Exchange-traded funds 8.2 15.0 20.7 34.0 38.9 44.5 51.5 57.0 69.0 80.5 91.5 50

51 Government-sponsored enterprises 2613.0 2543.9 2590.5 2829.5 2914.0 3014.5 3048.2 3033.6 2973.2 2900.7 2803.4 51

52 Agency- and GSE-backed mortgage pools 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 52

53 ABS issuers 2548.6 3282.3 4073.1 4405.5 4333.1 4237.2 4144.0 3996.8 3850.2 3724.2 3582.6 53

54 Finance companies 1675.9 1740.6 1811.6 1828.2 1846.9 1835.1 1816.9 1755.9 1703.4 1651.1 1610.4 54

55 REITs 198.7 239.7 265.8 244.7 224.0 223.3 209.8 180.8 180.5 188.3 188.8 55

56 Brokers and dealers 394.9 477.2 583.4 803.1 864.3 691.8 820.8 717.4 594.8 600.3 542.5 56

57 Funding corporations 203.7 251.5 286.9 244.4 383.5 557.5 690.4 985.0 979.9 885.3 858.0 57

(1) Excludes corporate equities and mutual fund shares.
Z.1, December 10, 2009 61

L.2 Credit Market Debt Owed by Nonfinancial Sectors

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Domestic 24426.9 26756.1 29151.3 31694.5 32174.7 32358.4 33031.4 33564.9 33994.3 34277.0 34524.8 1

 2 By instrument 24426.9 26756.1 29151.3 31694.5 32174.7 32358.4 33031.4 33564.9 33994.3 34277.0 34524.8 2

 3 Commercial paper 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 73.0 3

 4 Treasury securities 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 7520.8 4

 5 Agency- and GSE-backed securities 24.3 23.8 23.5 23.1 23.5 23.5 23.1 23.3 22.5 22.3 23.2 5

 6 Municipal securities 2031.0 2225.9 2403.3 2618.9 2644.1 2666.6 2673.0 2684.3 2716.0 2751.6 2772.9 6

 7 Corporate bonds 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 4072.8 7

 8 Bank loans n.e.c. 1090.5 1225.0 1400.3 1646.9 1710.5 1735.1 1821.4 1839.5 1760.1 1689.2 1613.0 8

 9 Other loans and advances 1121.6 1241.7 1380.8 1699.3 1724.2 1755.5 1763.6 1739.9 1724.1 1718.7 1701.0 9

10 Mortgages 10496.1 11919.6 13306.3 14372.3 14499.7 14538.6 14522.1 14452.5 14433.2 14370.1 14252.0 10

11 Home 8248.4 9357.0 10416.8 11112.5 11180.3 11160.3 11107.8 11005.3 10991.7 10942.8 10851.9 11

12 Multifamily residential 592.6 663.4 718.5 821.5 839.1 856.6 876.0 884.8 885.3 885.7 884.4 12

13 Commercial 1559.4 1794.4 2063.0 2325.6 2363.1 2400.2 2412.3 2431.7 2425.0 2409.9 2383.4 13

14 Farm 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 131.2 131.7 132.3 14

15 Consumer credit 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2518.6 2488.6 2496.1 15

16 By sector 24426.9 26756.1 29151.3 31694.5 32174.7 32358.4 33031.4 33564.9 33994.3 34277.0 34524.8 16

17 Household sector 10548.6 11716.7 12892.7 13754.0 13813.6 13832.5 13867.3 13795.9 13709.5 13666.3 13624.5 17

18 Nonfinancial business 7800.4 8482.9 9367.5 10626.3 10824.4 11025.3 11134.2 11172.3 11195.2 11157.2 11054.6 18

19 Corporate 5172.2 5505.8 5967.7 6757.1 6870.1 7010.9 7077.0 7099.9 7174.0 7209.6 7201.2 19

20 Nonfarm noncorporate 2455.3 2786.9 3195.6 3650.3 3745.3 3794.5 3841.0 3852.5 3803.6 3728.8 3635.6 20

21 Farm 172.9 190.1 204.3 218.9 209.0 219.9 216.3 219.9 217.6 218.8 217.8 21

22 State and local governments 1683.0 1854.7 2005.9 2191.8 2214.2 2226.4 2229.3 2235.1 2262.7 2288.1 2301.7 22

23 Federal government 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 7544.0 23

 Foreign credit market debt

24 held in U.S. 1438.8 1513.9 1882.6 2126.3 2201.9 2227.7 2097.7 1864.4 1896.4 1951.1 2024.9 24

25 Commercial paper 345.3 384.0 482.3 413.0 460.3 470.6 401.1 342.0 344.8 345.7 396.6 25

26 Bonds 985.0 1011.6 1275.5 1587.1 1607.1 1625.4 1559.9 1392.9 1427.3 1482.5 1507.2 26

27 Bank loans n.e.c. 69.9 84.4 98.3 102.8 111.7 109.4 114.8 107.9 103.1 101.6 99.6 27

28 Other loans and advances 38.6 34.0 26.6 23.4 22.9 22.4 21.9 21.6 21.2 21.4 21.4 28

29 Domestic and foreign 25865.7 28270.0 31034.0 33820.8 34376.7 34586.1 35129.1 35429.3 35890.7 36228.1 36549.6 29

L.3 Credit Market Debt Owed by Financial Sectors

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

 1 By instrument 11920.0 12984.0 14272.4 16191.5 16405.7 16664.5 16941.4 17079.7 17008.8 16502.2 16067.7 1

 2 Open market paper 956.0 1170.2 1363.2 1251.8 1184.3 1138.0 1007.2 1125.8 972.2 846.9 699.6 2

 3 GSE issues 2676.3 2592.2 2627.8 2910.2 2938.1 3102.1 3152.7 3181.9 3118.3 2948.1 2800.5 3

 4 Agency- and GSE-backed mortgage pool sec. 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 4

 5 Corporate bonds 3956.2 4645.5 5444.5 6265.0 6304.7 6274.8 6149.8 5973.9 6267.7 6152.1 6106.9 5

 6 Bank loans n.e.c. 249.7 268.6 206.2 277.1 319.6 322.5 573.7 773.2 649.6 492.5 335.4 6

 7 Other loans and advances 575.8 620.2 641.4 867.1 895.8 906.5 1003.4 900.5 794.2 722.0 658.8 7

 8 Mortgages 131.4 145.5 152.1 156.7 161.8 161.2 162.7 163.5 164.9 167.3 166.7 8

 9 By sector 11920.0 12984.0 14272.4 16191.5 16405.7 16664.5 16941.4 17079.7 17008.8 16502.2 16067.7 9

10 Commercial banks 357.4 394.3 498.3 630.1 647.5 656.2 785.9 708.6 626.1 617.8 562.4 10

11 Bank holding companies 381.3 429.5 499.7 631.1 665.4 737.9 674.6 713.3 1098.8 1103.0 1122.7 11

12 Savings institutions 404.8 427.3 319.1 423.3 436.3 431.3 378.0 356.1 321.8 253.2 192.4 12

13 Credit unions 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 28.3 13

14 Life insurance companies 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 47.5 14

15 Government-sponsored enterprises 2676.3 2592.2 2627.8 2910.2 2938.1 3102.1 3152.7 3181.9 3118.3 2948.1 2800.5 15

16 Agency- and GSE-backed mortgage pools 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 16

17 ABS issuers 2656.1 3386.3 4185.0 4520.2 4454.5 4345.4 4241.4 4095.1 3939.0 3804.4 3652.8 17

18 Finance companies 1129.6 1108.6 1144.2 1279.6 1301.4 1299.3 1264.7 1200.3 1148.0 1102.2 1074.9 18

19 REITs 340.1 395.5 411.0 421.2 403.8 397.5 389.9 372.6 364.0 352.5 347.5 19

20 Brokers and dealers 62.2 62.4 68.8 64.8 120.1 85.9 276.7 142.6 102.6 102.5 104.4 20

21 Funding corporations 515.1 619.9 648.2 786.4 777.6 780.5 799.3 1252.9 1165.6 966.2 834.6 21
62 Z.1, December 10, 2009

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

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total 37785.7 41254.0 45306.3 50012.3 50782.4 51250.6 52070.5 52509.0 52899.4 52730.3 52617.3 1

 2 Open market paper 1399.1 1644.2 1958.0 1788.6 1784.6 1748.4 1554.8 1599.3 1423.9 1278.8 1169.3 2

 3 Treasury securities 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 7520.8 3

 4 Agency- and GSE-backed securities 6075.2 6158.0 6488.6 7396.9 7563.0 7885.1 8067.7 8166.1 8182.7 8143.6 8123.4 4

 5 Municipal securities 2031.0 2225.9 2403.3 2618.9 2644.1 2666.6 2673.0 2684.3 2716.0 2751.6 2772.9 5

 6 Corporate and foreign bonds 7916.7 8689.2 9967.7 11411.0 11516.0 11593.1 11425.8 11130.3 11603.3 11641.8 11686.9 6

 7 Bank loans n.e.c. 1410.1 1577.9 1704.8 2026.9 2141.8 2167.0 2509.9 2720.7 2512.8 2283.3 2048.0 7

 8 Other loans and advances 1736.0 1895.8 2048.8 2589.8 2642.9 2684.4 2788.9 2661.9 2539.5 2462.1 2381.2 8

 9 Mortgages 10627.4 12065.1 13458.4 14529.0 14661.5 14699.8 14684.8 14616.0 14598.1 14537.4 14418.7 9

10 Consumer credit 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2518.6 2488.6 2496.1 10

 Memo:

 Selected claims not included above:

11 Corporate equities 18940.1 20636.1 24326.4 25559.8 23288.3 22779.0 20137.6 15773.5 13929.9 16631.2 19468.7 11

12 Mutual fund shares 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5856.9 6667.4 12

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

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

 Total credit market debt

 1 (from table L.4) 37785.7 41254.0 45306.3 50012.3 50782.4 51250.6 52070.5 52509.0 52899.4 52730.3 52617.3 1

 2 Official foreign exchange 62.2 45.9 46.0 50.0 54.8 54.9 51.4 57.3 54.8 61.0 65.3 2

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

 4 Treasury currency 26.7 27.5 28.1 27.4 27.2 27.0 26.7 26.6 26.6 26.5 26.3 4

 5 Foreign deposits 957.0 997.8 1085.0 1349.1 1240.3 1137.0 1063.4 996.2 927.8 842.7 811.2 5

 6 Net interbank liabilities 212.2 201.4 190.1 89.3 33.5 141.6 518.2 1561.3 1299.6 854.7 976.8 6

 7 Checkable deposits and currency 1522.8 1527.2 1507.3 1532.9 1521.7 1534.0 1941.9 2101.3 1966.7 2082.3 2060.4 7

 8 Small time and savings deposits 4283.7 4598.1 4945.1 5224.5 5383.7 5416.2 5534.7 5749.3 5918.7 5936.9 6133.4 8

 9 Large time deposits 1505.1 1789.5 2050.8 2382.2 2461.2 2418.6 2387.6 2191.6 2154.5 2151.0 2024.6 9

10 Money market fund shares 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 3363.0 10

11 Security RPs 1418.6 1726.2 2129.2 2139.1 2141.7 1867.7 1635.3 1256.1 1061.2 1274.0 1338.0 11

12 Mutual fund shares 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5856.9 6667.4 12

13 Security credit 1038.2 1038.4 1249.9 1526.4 1647.1 1564.9 1685.2 1128.5 1018.1 1000.3 1069.1 13

14 Life insurance reserves 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1201.3 1229.6 14

15 Pension fund reserves 10635.5 11373.7 12696.2 13375.9 12566.9 12476.1 11831.8 10442.6 9914.8 10662.6 11527.2 15

16 Trade payables 2662.8 3003.6 3195.9 3398.1 3419.2 3413.4 3384.2 3287.7 3249.2 3229.0 3173.9 16

17 Taxes payable 219.2 221.4 237.0 167.7 173.3 131.7 114.7 39.5 42.0 45.7 72.2 17

18 Miscellaneous 13455.0 14580.1 15771.0 17159.3 18248.0 18475.8 19994.9 19372.8 19719.3 18737.9 18280.2 18

19 Total liabilities 84163.3 91525.2 100984.2 110499.9 111609.2 111838.6 113409.9 111094.2 110282.4 110279.6 111441.0 19

 + Financial assets not included in

 liabilities:

20 Gold and SDRs 24.6 19.3 19.9 20.5 20.9 20.9 20.5 20.4 20.1 20.5 69.0 20

21 Corporate equities 18940.1 20636.1 24326.4 25559.8 23288.3 22779.0 20137.6 15773.5 13929.9 16631.2 19468.7 21

22 Household equity in noncorp. bus. 6755.0 8352.5 8838.6 8796.9 8507.2 8189.2 7946.1 7322.2 6827.1 6645.9 6521.2 22

 - Liabilities not identified as assets:

23 Treasury currency -9.7 -9.1 -10.1 -11.3 -11.5 -11.6 -11.9 -12.1 -15.7 -15.9 -16.3 23

24 Foreign deposits 767.2 782.5 886.3 1090.5 968.9 907.1 825.2 776.5 770.4 660.9 622.5 24

25 Net interbank transactions 27.4 25.2 23.3 21.8 14.6 8.5 -55.4 -293.3 -267.9 -183.5 -256.2 25

26 Security RPs 25.6 115.4 108.7 -225.8 -232.5 -370.5 -524.2 -526.3 -678.5 -321.2 -288.1 26

27 Taxes payable 28.4 -11.3 -48.1 -174.8 -183.2 -240.1 -269.8 -349.3 -354.9 -357.1 -343.3 27

28 Miscellaneous -4309.2 -4437.8 -5662.3 -6805.3 -6619.3 -6647.6 -5746.4 -5870.9 -6129.9 -6734.0 -6810.6 28

 - Floats not included in assets:

29 Checkable deposits: Federal govt. 11.2 1.8 0.1 2.8 5.9 1.7 2.1 1.2 -0.2 1.2 2.5 29

30 Other 20.0 19.2 11.4 10.3 11.2 9.9 8.0 12.6 11.0 10.8 7.9 30

31 Trade credit 39.7 9.4 158.3 106.5 55.0 2.7 2.2 72.8 89.1 54.3 90.2 31

32 Totals identified to sectors as assets 113282.4 124037.7 138701.7 150862.4 149416.6 149167.7 147284.4 140399.2 137636.2 140461.6 144491.2 32
Z.1, December 10, 2009 63

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

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 34724.8 37666.4 42494.3 45614.5 44224.8 43887.3 42037.8 38225.2 37148.0 39116.8 41485.3 1

 2 Foreign deposits 57.5 59.9 65.2 81.0 74.5 68.3 63.9 59.8 55.7 50.6 44.7 2

 3 Checkable deposits and currency 651.8 602.8 642.0 630.4 571.9 587.1 559.7 741.6 744.3 807.0 780.6 3

 4 Time and savings deposits 4727.4 5238.0 5744.8 6247.9 6423.1 6332.9 6500.7 6439.5 6474.4 6382.0 6418.2 4

 5 Money market fund shares 973.2 1023.2 1195.0 1433.2 1546.8 1483.9 1537.8 1673.7 1645.7 1572.3 1444.4 5

 6 Securities 13892.1 15168.1 17351.1 18340.8 17351.5 17175.3 15712.6 13285.3 12851.4 14220.9 15887.4 6

 7 Open market paper 136.1 164.2 187.7 149.7 117.5 82.7 39.1 10.4 7.3 8.9 8.5 7

 8 U.S. savings bonds 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 192.4 8

 9 Other Treasury securities 378.0 358.7 287.3 120.9 197.8 252.0 298.4 141.9 475.4 500.8 668.0 9

10 Agency- and GSE-backed securities 390.0 488.2 409.9 690.2 648.6 665.3 840.2 730.3 460.2 135.6 68.0 10

11 Municipal securities 746.7 825.4 877.6 902.1 888.1 899.6 915.1 942.6 956.2 974.9 984.7 11

12 Corporate and foreign bonds 1135.6 1294.1 1518.1 2002.2 1971.8 1972.7 1899.2 1971.9 2380.8 2371.5 2371.7 12

13 Corporate equities (2) 7483.9 7993.0 9480.6 9447.4 8757.2 8444.2 7419.0 5851.7 5120.4 6325.2 7388.3 13

14 Mutual fund shares 3417.4 3839.3 4387.6 4832.0 4575.2 4663.9 4107.5 3442.5 3257.2 3710.5 4205.8 14

15 Private life insurance reserves 1018.8 1039.9 1119.5 1156.1 1141.9 1150.5 1152.0 1133.4 1134.7 1154.5 1182.7 15

16 Private insured pension reserves 2027.9 2197.4 2332.4 2437.8 2367.3 2364.0 2308.2 2150.6 2119.0 2170.7 2247.7 16

17 Private noninsured pension reserves 4963.0 5341.4 6047.7 6425.4 5948.7 5887.2 5479.2 4635.6 4320.6 4794.0 5319.1 17

18 Govt. insurance and pension reserves 3686.1 3877.6 4360.3 4558.1 4296.1 4270.7 4090.1 3702.8 3521.6 3744.8 4007.3 18

19 Miscellaneous and other assets 2726.9 3118.1 3636.3 4303.8 4503.0 4567.3 4633.6 4402.7 4280.5 4219.9 4153.3 19

20 Total liabilities 14719.2 16418.4 18257.9 19760.4 19992.5 20009.7 20227.3 19941.0 19754.1 19643.0 19496.7 20

21 Mortgage debt on nonfarm homes 8224.9 9325.9 10377.4 11070.3 11138.8 11121.5 11071.4 10972.6 10961.7 10916.0 10828.6 21

22 Other mortgage debt (3) 1707.5 1830.7 2076.2 2386.0 2431.9 2474.8 2508.7 2528.0 2524.2 2511.9 2494.8 22

23 Consumer credit 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2518.6 2488.6 2496.1 23

24 Policy loans 106.8 107.6 110.9 114.5 115.7 116.8 117.9 120.4 120.8 121.3 120.5 24

25 Security credit 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.5 147.9 174.1 25

26 Other liabilities (3) 2196.5 2602.1 2986.2 3312.2 3411.2 3449.5 3539.0 3563.1 3494.3 3457.3 3382.6 26

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

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

(3) Includes corporate farms.
64 Z.1, December 10, 2009

L.100 Households and Nonprofit Organizations (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 39297.5 43397.8 48192.3 50787.8 49013.6 48302.8 46154.6 41705.5 40193.0 42055.0 44415.0 1

 2 Deposits 5741.3 6152.4 6776.8 7437.7 7636.2 7477.5 7652.2 7901.9 7923.5 7834.9 7740.8 2

 3 Foreign deposits 57.5 59.9 65.2 81.0 74.5 68.3 63.9 59.8 55.7 50.6 44.7 3

 4 Checkable deposits and currency 370.3 256.8 235.4 172.1 103.8 114.5 83.0 263.4 273.6 345.3 332.8 4

 5 Time and savings deposits 4409.4 4886.4 5361.8 5837.9 6000.0 5901.0 6059.2 5996.8 6038.9 5955.1 6004.6 5

 6 Money market fund shares 904.1 949.2 1114.5 1346.7 1457.9 1393.7 1446.1 1581.8 1555.3 1483.8 1358.7 6

 7 Credit market instruments 3072.0 3420.4 3547.0 4117.8 4074.6 4131.2 4252.3 4055.9 4538.6 4250.7 4360.2 7

 8 Open market paper 136.1 164.2 187.7 149.7 117.5 82.7 39.1 10.4 7.3 8.9 8.5 8

 9 Treasury securities 532.2 507.6 433.3 257.9 332.2 385.0 429.8 272.9 607.3 633.6 801.6 9

10 Savings bonds 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 192.4 10

11 Other Treasury 327.8 302.5 231.0 61.5 136.9 190.1 235.6 78.9 413.4 440.1 609.2 11

12 Agency- and GSE-backed securities 390.0 488.2 409.9 690.2 648.6 665.3 840.2 730.3 460.2 135.6 68.0 12

13 Municipal securities 742.4 821.0 871.8 896.9 882.7 894.1 909.6 937.0 950.7 969.5 979.5 13

14 Corporate and foreign bonds 1135.6 1294.1 1518.1 2002.2 1971.8 1972.7 1899.2 1971.9 2380.8 2371.5 2371.7 14

15 Other loans and advances (2) 5.9 8.7 8.3 17.4 20.1 22.3 27.5 27.9 28.2 29.3 30.7 15

16 Mortgages 129.8 136.6 117.9 103.5 101.7 109.1 107.0 105.4 104.0 102.4 100.3 16

17 Corporate equities (3) 7483.9 7993.0 9480.6 9447.4 8757.2 8444.2 7419.0 5851.7 5120.4 6325.2 7388.3 17

18 Mutual fund shares 3417.4 3839.3 4387.6 4832.0 4575.2 4663.9 4107.5 3442.5 3257.2 3710.5 4205.8 18

19 Security credit 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 658.3 672.6 19

20 Life insurance reserves 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1201.3 1229.6 20

21 Pension fund reserves 10635.5 11373.7 12696.2 13375.9 12566.9 12476.1 11831.8 10442.6 9914.8 10662.6 11527.2 21

22 Equity in noncorporate business 6755.0 8352.5 8838.6 8796.9 8507.2 8189.2 7946.1 7322.2 6827.1 6645.9 6521.2 22

23 Miscellaneous assets 553.8 608.7 646.1 712.2 724.7 732.2 749.5 766.4 763.4 765.6 769.3 23

24 Total liabilities 11008.3 12157.8 13407.5 14317.9 14422.4 14371.8 14521.1 14218.0 14102.4 14072.9 14061.0 24

25 Credit market instruments 10548.6 11716.7 12892.7 13754.0 13813.6 13832.5 13867.3 13795.9 13709.5 13666.3 13624.5 25

26 Home mortgages (4) 7815.5 8848.9 9826.3 10485.2 10554.2 10548.2 10510.1 10432.1 10429.0 10393.6 10323.5 26

27 Consumer credit 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2518.6 2488.6 2496.1 27

28 Municipal securities 188.6 205.1 226.9 249.5 252.3 261.4 265.0 269.3 273.4 282.3 288.3 28

29 Bank loans n.e.c. (5) 26.7 36.4 86.4 99.7 104.9 89.2 121.4 117.7 104.0 118.3 136.5 29

30 Other loans and advances 119.0 119.0 123.8 127.0 128.0 129.7 130.7 133.2 133.5 134.0 133.1 30

31 Commercial mortgages 179.2 187.4 214.3 240.7 244.7 248.3 252.0 251.5 250.9 249.5 246.9 31

32 Security credit 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.5 147.9 174.1 32

33 Trade payables 173.3 186.3 199.9 214.5 218.4 222.2 226.2 230.2 231.8 233.8 237.9 33

 Deferred and unpaid

34 life insurance premiums 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 24.5 34

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

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

(3) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 18) and life insurance and pension reserves (lines 20 and 21).

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

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.108, line 15.
Z.1, December 10, 2009 65

L.101 Nonfinancial Business (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 13072.2 14471.0 15747.5 17316.6 17443.9 17583.4 17655.7 17637.0 17578.0 17664.5 17692.8 1

 2 Foreign deposits 53.7 60.6 49.3 50.3 53.1 20.3 28.3 30.5 22.0 38.0 40.4 2

 3 Checkable deposits and currency 459.9 598.5 541.5 580.4 610.1 567.2 588.5 589.6 582.8 589.9 615.1 3

 4 Time and savings deposits 718.4 801.9 880.0 851.3 820.4 877.6 869.0 846.2 838.3 861.7 908.1 4

 5 Money market fund shares 393.5 440.4 512.9 650.6 708.3 741.9 738.9 777.6 787.8 776.5 785.9 5

 6 Security RPs 6.4 14.6 15.5 8.1 7.2 8.3 4.9 7.5 6.7 8.0 9.2 6

 7 Credit market instruments 382.7 436.5 424.6 353.1 263.2 258.4 239.9 242.8 247.3 255.8 249.8 7

 8 Commercial paper 95.0 111.0 122.7 69.5 23.7 22.3 9.5 10.2 10.7 17.2 16.0 8

 9 Treasury securities 83.3 106.9 100.6 97.7 86.7 89.1 87.0 90.0 98.6 102.6 101.5 9

10 Agency- and GSE-backed securities 12.2 18.8 16.4 12.8 8.6 9.1 8.1 9.0 5.5 10.6 10.9 10

11 Municipal securities 36.2 36.6 33.9 34.5 13.2 10.8 11.6 10.6 19.8 19.3 22.1 11

12 Mortgages 97.4 104.4 94.5 83.5 80.0 76.0 72.1 67.6 62.3 56.8 50.8 12

13 Consumer credit 58.6 58.8 56.7 55.3 51.0 51.1 51.6 55.3 50.5 49.3 48.5 13

14 Mutual fund shares 140.5 156.3 204.1 217.5 200.2 196.7 175.4 143.3 132.9 145.8 160.2 14

15 Trade receivables 2195.6 2540.0 2561.8 2782.0 2835.4 2879.4 2857.7 2708.9 2668.3 2684.3 2598.4 15

16 Miscellaneous assets 8721.4 9422.4 10557.8 11823.5 11945.9 12033.7 12153.0 12290.5 12291.9 12304.4 12325.8 16

17 Total liabilities 14060.2 15406.0 16632.3 18315.1 18556.7 18739.8 18848.8 19024.1 19013.7 18994.0 18883.8 17

18 Credit market instruments 7800.4 8482.9 9367.5 10626.3 10824.4 11025.3 11134.2 11172.3 11195.2 11157.2 11054.6 18

19 Commercial paper 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 73.0 19

20 Municipal securities 169.4 176.7 181.7 189.5 189.6 191.0 191.2 192.6 192.8 194.2 196.1 20

21 Corporate bonds 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 4072.8 21

22 Bank loans n.e.c. 1063.8 1188.5 1313.9 1547.2 1605.6 1645.9 1700.0 1721.8 1656.1 1570.9 1476.4 22

23 Other loans and advances 992.6 1112.0 1245.8 1560.4 1584.2 1613.6 1620.5 1594.0 1577.7 1571.7 1554.6 23

24 Mortgages 2501.3 2883.4 3265.8 3646.5 3700.8 3742.1 3760.0 3768.9 3753.3 3727.0 3681.6 24

25 Trade payables 1786.4 2035.1 2161.7 2272.8 2275.9 2247.0 2215.2 2150.1 2079.0 2032.1 1964.3 25

26 Taxes payable 166.0 179.8 181.1 135.3 155.7 139.3 145.8 140.6 141.2 133.5 130.3 26

27 Miscellaneous liabilities 4307.5 4708.2 4921.9 5280.6 5300.8 5328.2 5353.5 5561.0 5598.3 5671.2 5734.6 27

(1) Combined statement for nonfarm nonfinancial corporate business, nonfarm noncorporate business, and farm business.
66 Z.1, December 10, 2009

L.102 Nonfarm Nonfinancial Corporate Business

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 10901.1 11861.7 12616.7 13704.8 13736.0 13819.7 13834.5 13804.6 13807.2 13968.2 14111.1 1

 2 Foreign deposits 53.7 60.6 49.3 50.3 53.1 20.3 28.3 30.5 22.0 38.0 40.4 2

 3 Checkable deposits and currency 178.4 252.4 134.8 122.1 142.0 94.6 111.8 111.3 112.0 128.2 167.4 3

 4 Time and savings deposits 400.5 450.4 497.0 441.3 397.4 445.7 427.5 403.5 402.7 434.8 494.5 4

 5 Money market fund shares 324.3 366.5 432.4 564.1 619.4 651.6 647.3 685.7 697.5 687.9 700.1 5

 6 Security RPs 6.4 14.6 15.5 8.1 7.2 8.3 4.9 7.5 6.7 8.0 9.2 6

 7 Credit market instruments 297.4 339.6 327.9 246.4 153.6 147.1 127.0 129.6 135.9 146.6 144.1 7

 8 Commercial paper 95.0 111.0 122.7 69.5 23.7 22.3 9.5 10.2 10.7 17.2 16.0 8

 9 Treasury securities 33.1 50.7 44.3 38.3 25.8 27.2 24.2 27.0 36.6 41.9 42.8 9

10 Agency- and GSE-backed securities 12.2 18.8 16.4 12.8 8.6 9.1 8.1 9.0 5.5 10.6 10.9 10

11 Municipal securities 31.8 32.1 28.1 29.2 7.8 5.3 6.0 5.0 14.3 13.9 16.9 11

12 Mortgages 66.6 68.3 59.8 41.4 36.8 32.2 27.5 22.9 18.3 13.7 9.1 12

13 Consumer credit 58.6 58.8 56.7 55.3 51.0 51.1 51.6 55.3 50.5 49.3 48.5 13

14 Mutual fund shares 140.5 156.3 204.1 217.5 200.2 196.7 175.4 143.3 132.9 145.8 160.2 14

15 Trade receivables 1831.3 2109.0 2090.9 2256.3 2295.6 2331.4 2301.2 2150.8 2119.5 2146.6 2077.7 15

16 Miscellaneous assets 7668.6 8112.4 8864.8 9798.7 9867.4 9924.0 10011.1 10142.3 10178.0 10232.1 10317.5 16

17 U.S. direct investment abroad (1) 2094.7 2205.7 2440.7 2800.0 2881.9 2970.3 3020.5 3005.1 3052.2 3098.1 3142.7 17

18 Insurance receivables 255.5 276.2 282.7 290.1 293.0 297.4 303.4 300.0 299.2 299.0 298.8 18

19 Equity in GSEs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Investment in finance company subs. 23.6 117.0 140.1 81.5 83.3 81.1 82.4 79.4 76.9 72.3 70.8 20

21 Other 5294.8 5513.5 6001.2 6627.0 6609.1 6575.1 6604.9 6757.8 6749.7 6762.7 6805.2 21

22 Total liabilities 10349.3 11145.3 11781.9 12872.6 12986.7 13101.9 13142.6 13301.1 13361.9 13423.9 13448.1 22

23 Credit market instruments 5172.2 5505.8 5967.7 6757.1 6870.1 7010.9 7077.0 7099.9 7174.0 7209.6 7201.2 23

24 Commercial paper 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 73.0 24

25 Municipal securities (2) 169.4 176.7 181.7 189.5 189.6 191.0 191.2 192.6 192.8 194.2 196.1 25

26 Corporate bonds (1) 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 4072.8 26

27 Bank loans n.e.c. 548.1 516.7 534.1 634.0 658.3 674.8 697.2 705.0 679.3 643.6 604.2 27

28 Other loans and advances (3) 817.8 927.1 1038.9 1334.8 1349.1 1370.0 1384.0 1355.4 1339.3 1336.0 1326.5 28

29 Mortgages 563.6 763.1 852.6 916.1 929.0 942.3 942.0 952.0 947.3 942.3 928.6 29

30 Trade payables 1499.9 1699.4 1813.0 1898.9 1877.3 1848.1 1801.2 1732.3 1664.5 1625.6 1567.1 30

31 Taxes payable 88.0 93.1 85.4 35.8 55.0 37.9 43.8 38.5 39.8 33.0 31.2 31

32 Miscellaneous liabilities 3589.2 3847.0 3915.8 4180.7 4184.3 4205.0 4220.7 4430.5 4483.6 4555.7 4648.6 32

33 Foreign direct investment in U.S. 1409.8 1549.4 1722.7 2041.4 2071.8 2148.0 2187.4 2264.0 2290.6 2304.8 2315.5 33

34 Pension fund contributions payable 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 51.6 34

35 Other 2132.8 2252.8 2150.3 2092.1 2064.8 2008.8 1985.3 2118.6 2144.2 2201.0 2281.4 35

 Memo:

36 Trade receivables net of payables 331.3 409.6 277.9 357.4 418.3 483.3 500.1 418.6 455.0 521.0 510.6 36

37 Market value of equities 12088.6 12686.6 14592.9 15542.8 14237.1 14242.9 12641.3 9975.0 8934.4 10374.1 12081.3 37

38 Securities and mortgages 3708.5 3972.0 4282.1 4664.5 4722.8 4826.3 4849.2 4908.1 5048.4 5143.8 5197.5 38

39 Loans and short-term paper 1463.7 1533.9 1685.5 2092.6 2147.3 2184.6 2227.7 2191.8 2125.6 2065.8 2003.7 39

40 Total short-term liabilities (4) 3051.6 3326.3 3583.9 4027.4 4079.6 4070.7 4072.7 3962.5 3829.9 3724.4 3602.0 40

41 Total liquid assets (5) 1276.0 1513.2 1544.5 1553.1 1485.3 1481.1 1443.0 1433.2 1440.9 1526.5 1658.3 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 71.7 72.1 71.8 69.0 68.7 68.8 68.5 69.1 70.4 71.3 72.2 42

43 Short-term debt/credit market debt 28.3 27.9 28.2 31.0 31.3 31.2 31.5 30.9 29.6 28.7 27.8 43

44 Liquid assets/short-term liabilities 41.8 45.5 43.1 38.6 36.4 36.4 35.4 36.2 37.6 41.0 46.0 44

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

(2) Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.

(3) Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table L.216.

(4) Loans (except mortgages), short-term paper, taxes payable, and trade payables. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
Z.1, December 10, 2009 67

L.103 Nonfarm Noncorporate Business

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2105.6 2541.8 3057.2 3533.1 3628.4 3683.5 3740.3 3750.8 3689.1 3614.4 3499.8 1

 2 Checkable deposits and currency 259.2 323.1 381.6 431.4 441.1 445.3 449.2 450.5 443.0 433.9 419.9 2

 3 Time and savings deposits 318.0 351.6 383.0 409.9 423.0 431.9 441.5 442.7 435.6 426.9 413.6 3

 4 Money market fund shares 69.2 73.9 80.5 86.6 88.9 90.2 91.6 91.9 90.4 88.5 85.7 4

 5 Treasury securities 50.2 56.2 56.3 59.3 60.9 61.9 62.8 63.0 62.0 60.7 58.8 5

 6 Municipal securities 4.3 4.4 5.8 5.3 5.4 5.5 5.6 5.6 5.5 5.4 5.2 6

 7 Mortgages 30.8 36.2 34.6 42.1 43.2 43.9 44.6 44.7 43.9 43.1 41.7 7

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

 9 Trade receivables 364.3 430.9 470.9 525.6 539.8 548.0 556.5 558.0 548.8 537.7 520.7 9

10 Miscellaneous assets 1009.5 1265.5 1644.4 1972.8 2026.0 2056.8 2088.5 2094.4 2059.9 2018.2 1954.2 10

11 Insurance receivables 60.5 65.3 66.9 68.6 69.3 70.0 71.4 70.7 70.5 70.5 70.4 11

12 Equity investment in GSEs (1) 2.0 1.8 1.9 2.2 2.2 2.3 2.3 2.3 2.3 2.2 2.1 12

13 Other 947.1 1198.4 1575.6 1902.0 1954.5 1984.5 2014.8 2021.4 1987.1 1945.5 1881.7 13

14 Total liabilities 3529.0 4064.3 4646.8 5228.4 5349.5 5410.9 5472.7 5483.0 5412.0 5330.7 5196.6 14

15 Credit market instruments 2455.3 2786.9 3195.6 3650.3 3745.3 3794.5 3841.0 3852.5 3803.6 3728.8 3635.6 15

16 Bank loans n.e.c. 468.0 621.9 726.6 857.7 894.7 914.1 944.5 958.2 921.7 870.0 813.3 16

17 Other loans and advances 145.3 149.5 163.9 174.9 195.9 202.3 204.6 208.0 207.0 205.8 201.5 17

18 Mortgages 1842.1 2015.5 2305.1 2617.7 2654.7 2678.2 2691.9 2686.3 2674.8 2653.0 2620.7 18

19 Trade payables 277.4 329.4 349.4 378.7 387.1 391.9 396.8 397.8 392.4 385.9 375.8 19

20 Taxes payable 78.0 86.7 95.7 99.5 100.6 101.3 102.0 102.2 101.4 100.5 99.1 20

21 Miscellaneous liabilities 718.2 861.2 1006.1 1099.9 1116.5 1123.2 1132.9 1130.5 1114.7 1115.5 1086.1 21

(1) Equity in the Farm Credit System.

L.104 Farm Business (1)

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

 1 Total financial assets 65.5 67.5 73.7 78.8 79.5 80.2 80.9 81.6 81.7 81.9 82.0 1

 2 Checkable deposits and currency 22.3 22.9 25.0 26.8 27.0 27.3 27.5 27.7 27.8 27.8 27.9 2

 3 Miscellaneous assets 43.2 44.5 48.6 52.0 52.5 52.9 53.4 53.8 53.9 54.0 54.1 3

 4 Insurance receivables 40.5 41.7 45.6 48.5 50.0 50.5 51.3 51.8 51.8 52.0 52.3 4

 5 Equity investment in GSEs (2) 2.7 2.8 3.0 3.6 2.5 2.5 2.1 2.0 2.2 2.1 1.9 5

 6 Total liabilities 181.9 196.4 203.6 214.1 220.5 227.0 233.5 240.0 239.7 239.5 239.2 6

 7 Credit market instruments 172.9 190.1 204.3 218.9 209.0 219.9 216.3 219.9 217.6 218.8 217.8 7

 8 Bank loans n.e.c. 47.7 49.9 53.2 55.5 52.7 57.0 58.3 58.7 55.0 57.2 58.9 8

 9 Other loans and advances 29.5 35.4 43.0 50.7 39.2 41.3 31.9 30.6 31.4 29.9 26.6 9

10 Mortgages (3) 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 131.2 131.7 132.3 10

11 Trade payables 9.1 6.3 -0.7 -4.8 11.5 7.1 17.2 20.1 22.1 20.6 21.3 11

(1) Corporate and noncorporate farms.

(2) Equity in the Farm Credit System.

(3) Excludes mortgages on farm houses.
68 Z.1, December 10, 2009

L.105 State and Local Governments (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2029.5 2246.9 2460.7 2634.8 2619.9 2690.2 2665.7 2611.9 2553.4 2522.6 2556.2 1

 2 Checkable deposits and currency 42.2 52.5 57.7 56.1 51.1 51.2 51.1 65.4 60.6 85.4 71.6 2

 3 Time and savings deposits 170.6 183.3 209.5 245.7 246.8 242.6 246.3 264.8 277.9 267.1 272.7 3

 4 Money market fund shares 66.6 71.7 78.5 83.5 83.2 86.1 85.7 84.2 82.5 81.6 80.9 4

 5 Security RPs 131.2 141.2 154.6 164.3 163.8 169.5 168.8 165.8 162.4 160.7 164.2 5

 6 Credit market instruments 1198.1 1352.0 1470.6 1512.0 1491.7 1474.3 1450.5 1410.8 1374.2 1332.5 1317.2 6

 7 Open market paper 171.7 184.8 202.4 195.2 189.4 183.9 176.0 167.1 152.6 139.9 122.5 7

 8 Treasury securities 389.1 481.4 516.9 531.5 521.6 513.4 499.3 483.1 477.9 488.4 502.5 8

 9 Agency- and GSE-backed securities 373.2 401.6 439.9 454.6 451.0 447.2 435.3 426.7 416.9 392.2 372.7 9

10 Municipal securities 4.7 5.0 5.5 5.8 5.8 6.0 6.0 5.9 5.8 5.7 5.8 10

11 Corporate and foreign bonds 118.2 127.2 139.4 148.1 147.6 147.8 152.2 149.5 146.4 139.9 148.0 11

12 Mortgages 141.2 151.9 166.4 176.9 176.3 175.9 181.7 178.5 174.7 166.5 165.6 12

13 Corporate equities 90.0 96.8 106.0 112.7 112.3 116.2 115.8 98.7 96.4 95.2 97.6 13

14 Mutual fund shares 27.5 29.6 32.5 34.5 34.4 35.6 35.4 29.8 29.1 38.7 39.5 14

15 Trade receivables 134.4 144.7 158.5 168.4 167.9 173.7 173.0 169.9 166.4 164.7 168.3 15

16 Taxes receivable 99.6 141.0 189.0 237.5 248.0 259.8 269.0 269.8 274.5 276.8 286.0 16

17 Miscellaneous assets 69.3 34.0 3.7 20.1 20.8 81.3 70.0 52.6 29.6 19.9 58.3 17

18 Total liabilities 2132.8 2336.7 2522.3 2745.5 2777.6 2800.0 2813.2 2828.8 2865.9 2901.0 2924.3 18

19 Credit market instruments 1683.0 1854.7 2005.9 2191.8 2214.2 2226.4 2229.3 2235.1 2262.7 2288.1 2301.7 19

20 Municipal securities 1673.0 1844.1 1994.7 2179.9 2202.2 2214.2 2216.8 2222.4 2249.8 2275.0 2288.4 20

21 Short-term 100.2 105.9 102.8 120.1 120.9 114.5 121.9 132.1 132.6 121.6 135.0 21

22 Other 1572.8 1738.2 1891.9 2059.8 2081.3 2099.7 2094.9 2090.3 2117.2 2153.5 2153.5 22

23 U.S. government loans 10.0 10.6 11.2 11.9 12.0 12.2 12.5 12.7 12.9 13.1 13.2 23

24 Trade payables 449.9 482.0 516.4 553.7 563.5 573.6 583.9 593.7 603.2 612.9 622.7 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 610.1 611.9 607.6 651.7 651.4 671.9 1019.0 1272.0 1292.9 1378.4 1479.0 1

 2 Gold, SDRs, and official foreign exchange 54.5 35.3 34.5 36.4 39.3 39.0 37.6 41.9 40.4 46.0 97.3 2

 3 Checkable deposits and currency 21.9 36.8 32.9 56.5 42.9 53.8 372.2 368.0 271.9 319.1 274.8 3

 4 Time and savings deposits 2.4 1.4 1.7 2.8 3.8 1.8 2.9 1.6 1.7 1.6 1.9 4

 5 Credit market instruments 275.9 275.0 281.2 287.8 293.1 298.0 307.1 374.3 458.7 554.4 639.6 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 3.3 54.4 111.4 164.7 195.6 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.5 7

 8 Other loans and advances 114.4 107.4 108.0 105.8 105.4 106.4 106.8 111.8 126.6 150.5 174.3 8

 9 Mortgages 75.4 77.8 81.5 83.6 84.1 87.1 90.1 97.1 98.0 103.4 111.2 9

10 Consumer credit (1) 86.1 89.8 91.7 98.4 103.5 104.6 106.9 111.0 122.7 135.4 157.8 10

11 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 188.7 219.8 151.5 156.7 11

12 Trade receivables 61.8 70.9 59.4 60.6 61.9 65.0 67.4 64.3 64.6 67.9 67.7 12

13 Taxes receivable 91.2 91.6 96.1 105.0 108.5 112.0 115.5 119.0 122.5 126.0 129.5 13

14 Miscellaneous assets 102.3 100.9 101.8 102.6 102.0 102.3 116.3 114.2 113.2 111.8 111.5 14

15 Total liabilities 5548.4 5940.6 6185.9 6529.6 6723.4 6698.0 7244.2 7849.5 8285.6 8633.9 9023.8 15

16 SDR certificates 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 5.2 16

17 Treasury currency 26.7 27.5 28.1 27.4 27.2 27.0 26.7 26.6 26.6 26.5 26.3 17

18 Credit market instruments 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 7544.0 18

19 Savings bonds 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 192.4 19

20 Other Treasury securities 4166.3 4472.9 4659.4 4902.8 5103.8 5055.7 5583.4 6144.2 6610.5 6949.6 7328.4 20

21 Budget agency securities 24.3 23.8 23.5 23.1 23.5 23.5 23.1 23.3 22.5 22.3 23.2 21

22 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Trade payables 169.0 202.7 208.9 238.1 247.5 262.1 256.9 229.3 226.4 230.4 221.9 23

24 Insurance reserves 41.6 42.7 44.2 45.4 45.3 45.8 45.7 46.4 46.3 46.9 46.9 24

25 Miscellaneous liabilities (3) 913.9 963.7 1017.2 1094.2 1078.7 1086.7 1112.0 1183.5 1157.1 1162.5 1179.5 25

26 Nonmarketable securities held by pension plans 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 1013.5 26

27 Other 58.0 80.7 98.6 142.2 141.8 143.2 149.7 168.3 163.9 165.0 166.0 27

(1) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.
Z.1, December 10, 2009 69

L.107 Rest of the World

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 10523.4 11516.0 13964.9 16090.7 16395.9 16496.3 16703.6 15138.3 15058.1 15030.4 15051.7 1

 2 Net interbank assets 118.3 106.0 96.7 -56.9 -161.4 -119.6 4.5 378.6 174.2 0.8 129.4 2

 3 U.S. checkable deposits and currency 285.3 300.1 311.6 306.1 316.0 312.6 327.6 361.4 355.2 353.2 356.2 3

 4 U.S. time deposits 149.2 155.9 167.4 207.6 229.1 232.1 226.8 252.8 228.6 225.3 219.0 4

 5 Money market fund shares 22.9 23.0 27.0 46.0 53.1 60.3 60.5 60.6 60.8 61.0 61.1 5

 6 Security RPs 665.1 713.3 1029.0 1109.1 1107.7 991.0 897.0 584.2 582.5 583.3 555.7 6

 7 Credit market instruments 4634.7 5191.3 6200.1 7272.5 7402.4 7579.6 7606.2 7590.7 7673.0 7721.2 7733.9 7

 8 Open market paper 229.8 239.6 287.6 278.1 280.8 276.8 253.3 232.9 220.4 201.0 195.2 8

 9 Treasury securities 1813.6 1984.4 2126.2 2376.4 2498.5 2593.7 2790.2 3210.6 3382.7 3483.4 3583.9 9

10 Official 1251.9 1340.6 1558.3 1736.7 1842.7 1918.9 2035.4 2325.7 2444.0 2567.5 2693.0 10

11 Private 561.6 643.8 567.9 639.7 655.8 674.8 754.8 885.0 938.7 915.9 890.9 11

12 Agency- and GSE-backed securities 875.2 1012.9 1262.3 1582.4 1606.1 1631.1 1535.7 1429.2 1370.1 1361.5 1318.9 12

13 Official 372.6 487.2 694.2 954.3 1022.3 1103.9 1082.3 979.3 972.4 964.9 918.4 13

14 Private 502.6 525.7 568.1 628.1 583.7 527.1 453.4 449.9 397.7 396.6 400.4 14

15 Municipal securities 26.0 29.0 34.4 45.1 48.2 51.4 38.0 41.0 40.0 45.6 53.5 15

16 U.S. corporate bonds (1) 1558.9 1762.9 2320.8 2719.1 2718.0 2786.1 2762.6 2472.7 2461.1 2433.6 2399.6 16

17 Loans to U.S. corporate business 131.2 162.5 168.8 271.5 250.7 240.5 226.5 204.3 198.8 196.1 182.8 17

18 U.S. corporate equities 1904.6 2039.1 2448.1 2812.2 2595.3 2551.7 2329.7 1775.0 1566.1 1855.7 2207.0 18

19 Mutual fund shares 195.8 242.0 316.8 373.5 352.0 357.3 318.8 262.0 246.2 282.3 321.4 19

20 Trade receivables 49.0 56.9 62.8 83.5 94.3 100.1 102.0 89.6 87.2 92.8 95.7 20

21 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous assets 2498.5 2688.4 3305.7 3937.1 4407.3 4431.2 4830.5 3783.3 4084.4 3854.7 3372.2 22

23 Foreign direct investment in U.S. (2) 1742.7 1906.0 2154.1 2450.1 2508.9 2611.8 2677.0 2646.8 2669.6 2698.0 2723.5 23

24 Other 755.8 782.4 1151.6 1486.9 1898.4 1819.4 2153.6 1136.5 1414.8 1156.7 648.6 24

25 Total liabilities 5856.0 6488.4 7467.2 8357.6 8912.2 8909.4 10056.0 8321.0 8439.1 7511.6 6955.0 25

 U.S. official foreign exchange

26 and net IMF position 62.2 45.9 46.0 50.0 54.8 54.9 51.4 57.3 54.8 61.0 65.3 26

27 U.S. private deposits 957.0 997.8 1085.0 1349.1 1240.3 1137.0 1063.4 996.2 927.8 842.7 811.2 27

28 Credit market instruments 1438.8 1513.9 1882.6 2126.3 2201.9 2227.7 2097.7 1864.4 1896.4 1951.1 2024.9 28

29 Commercial paper 345.3 384.0 482.3 413.0 460.3 470.6 401.1 342.0 344.8 345.7 396.6 29

30 Bonds 985.0 1011.6 1275.5 1587.1 1607.1 1625.4 1559.9 1392.9 1427.3 1482.5 1507.2 30

31 Bank loans n.e.c. 69.9 84.4 98.3 102.8 111.7 109.4 114.8 107.9 103.1 101.6 99.6 31

32 Official 5.5 2.6 1.9 1.9 2.0 3.1 2.3 2.6 2.6 2.9 3.4 32

33 Banks 13.4 18.1 21.9 30.2 37.8 36.8 40.8 33.0 29.3 26.7 27.9 33

34 Other 51.0 63.7 74.4 70.8 71.9 69.5 71.6 72.4 71.3 72.0 68.3 34

35 U.S. government loans 38.3 33.7 26.4 23.1 22.7 22.2 21.9 21.6 21.2 21.4 21.4 35

36 Acceptance liabilities to banks 0.3 0.2 0.2 0.3 0.2 0.2 0.0 0.0 0.0 0.0 0.0 36

37 Trade payables 48.2 54.5 60.7 73.1 70.5 69.3 67.6 63.2 60.8 65.2 60.2 37

38 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 3349.9 3876.4 4392.9 4759.1 5344.7 5420.5 6776.0 5340.0 5499.2 4591.6 3993.5 39

40 U.S. equity in IBRD, etc. 42.0 43.2 45.3 46.9 47.0 48.1 48.2 48.3 48.4 49.7 50.9 40

41 Nonofficial foreign currencies 2.8 0.6 0.6 24.5 21.5 62.5 288.7 554.2 310.4 115.0 57.2 41

42 U.S. direct investment abroad (1,2) 2498.5 2651.7 2948.2 3451.5 3548.7 3655.6 3716.5 3698.8 3745.3 3793.7 3838.9 42

43 Other 806.7 1180.9 1398.9 1236.2 1727.5 1654.3 2722.6 1038.7 1395.1 633.1 46.4 43

 Memo:

44 Market value of foreign equities 2560.4 3317.7 4329.0 5248.0 4799.8 4760.3 3703.6 2851.4 2552.0 3265.6 3940.9 44

 held by U.S. residents (3)

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

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

(3) Includes American Depositary Receipts (ADRs).
70 Z.1, December 10, 2009

L.108 Monetary Authority (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 841.3 878.7 908.2 951.3 932.4 952.0 1541.4 2270.6 2117.3 2038.3 2180.0 1

 2 Gold and foreign exchange 32.3 29.9 31.4 34.2 36.5 36.7 34.3 35.7 34.5 35.5 37.0 2

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

 4 Treasury currency 36.4 36.5 38.2 38.7 38.7 38.7 38.7 38.7 42.3 42.4 42.6 4

 5 Federal Reserve float 0.9 0.9 -0.3 -0.0 -0.6 -0.6 -1.0 -1.5 -3.1 -2.8 -2.5 5

 6 Federal Reserve loans to domestic banks 0.0 0.1 0.1 48.6 111.3 174.2 300.1 559.7 540.8 328.5 207.2 6

 7 Discount window (2) 0.0 0.1 0.1 48.6 111.3 174.2 200.0 544.0 536.4 318.7 207.2 7

 8 AMLF (3) 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 0.1 8

 9 Security RPs 33.0 46.8 40.8 46.5 76.0 114.5 83.0 80.0 0.0 0.0 0.0 9

10 Credit market instruments 717.8 744.2 778.9 740.6 631.0 509.1 780.9 986.0 1168.1 1469.5 1776.6 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 717.8 744.2 778.9 740.6 591.2 478.8 476.6 475.9 492.3 656.5 769.2 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 14.5 19.7 287.0 559.1 823.5 13

14 Bank loans n.e.c. 0.0 0.0 0.0 0.0 39.7 30.3 289.8 490.4 388.8 253.9 183.9 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.7 25.1 42.7 15

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

17 Brokers and dealers (5) 0.0 0.0 0.0 0.0 39.7 1.5 199.7 45.5 20.4 5.1 0.0 17

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 0.0 0.0 28.8 29.0 29.1 29.1 29.2 29.2 18

19 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 61.1 38.9 46.0 43.5 38.7 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.5 18.6 17.7 16.8 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24.4 24.2 22.6 19.9 21

22 Funding corporations (CPFF) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 333.0 245.8 110.8 36.6 22

23 Miscellaneous assets 18.6 18.1 17.0 40.5 37.3 77.2 303.2 569.8 332.5 163.0 114.0 23

24 Nonofficial foreign currencies (10) 0.0 0.0 0.0 24.0 21.0 62.0 288.3 553.7 309.9 114.6 56.8 24

25 Other 18.6 18.1 17.0 16.5 16.3 15.2 15.0 16.1 22.6 48.4 57.2 25

26 Total liabilities 829.6 865.7 892.9 932.8 910.6 930.7 1519.5 2249.6 2093.4 2013.9 2153.8 26

27 Depository institution reserves 24.0 19.0 18.7 20.8 24.2 33.5 222.1 860.0 805.2 660.5 848.1 27

28 Vault cash of commercial banks 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 50.8 28

29 Checkable deposits and currency 720.8 750.8 774.3 792.1 775.9 786.3 1149.3 1220.3 1142.8 1196.6 1154.3 29

30 Due to federal government 6.2 4.8 5.0 16.4 5.9 5.3 332.7 365.7 267.4 316.2 273.6 30

31 Treasury cash holdings 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 31

32 Treasury general deposit account 5.9 4.6 4.7 16.1 5.6 5.0 33.0 106.1 67.2 116.0 108.3 32

33 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 299.5 259.3 199.9 199.9 164.9 33

34 Due to rest of the world 0.1 0.1 0.1 0.1 0.1 0.2 0.1 1.4 1.2 1.8 1.9 34

35 Due to government-sponsored enterprises 1.1 2.0 0.8 1.7 0.1 0.1 26.2 21.1 20.9 20.0 15.9 35

36 Currency outside banks 713.3 743.9 768.5 773.9 769.8 780.7 790.3 832.2 853.4 858.6 863.0 36

37 Security RPs 30.8 30.5 29.6 44.0 44.1 43.8 77.9 88.4 70.6 72.7 68.9 37

38 Miscellaneous liabilities 12.5 15.3 18.5 21.0 21.0 21.4 22.2 23.1 24.5 33.0 31.7 38

39 Federal Reserve Bank stock 11.9 13.5 15.3 18.5 19.5 19.9 20.3 21.1 22.6 24.2 24.9 39

40 Other 0.6 1.8 3.2 2.5 1.5 1.5 1.9 2.1 1.9 8.8 6.8 40

(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) Reciprocal currency arrangements (swap lines) with foreign central banks.
Z.1, December 10, 2009 71

L.109 Commercial Banking (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 9057.8 9843.7 10821.0 11809.5 12152.1 12289.5 13061.7 14004.8 14466.9 14214.7 14166.6 1

 2 Vault cash 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 50.8 2

 3 Reserves at Federal Reserve 20.8 16.3 16.7 18.2 21.1 30.2 214.0 816.3 731.7 584.4 790.0 3

 4 Checkable deposits and currency 3.5 3.0 2.9 2.6 2.6 2.7 2.6 3.2 4.3 3.3 2.7 4

 5 Total bank credit 6851.5 7546.6 8402.1 9186.6 9261.8 9311.4 9722.4 9672.4 9551.9 9519.0 9296.3 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 0.1 6

 7 Treasury securities 107.8 97.0 94.9 112.3 109.7 97.5 117.2 93.2 117.1 123.7 179.2 7

 8 Agency- and GSE-backed securities 1095.1 1089.6 1135.6 1022.3 1016.2 1095.7 1080.0 1169.4 1175.4 1221.3 1185.8 8

 9 Municipal securities 140.8 157.7 180.2 192.9 203.7 203.6 224.1 216.7 214.8 219.7 218.0 9

10 Corporate and foreign bonds 563.6 687.0 780.3 978.2 992.0 964.6 956.0 979.9 957.4 939.0 947.3 10

11 Bank loans n.e.c. 1410.1 1577.9 1704.8 2026.9 2102.0 2136.7 2220.1 2230.3 2124.0 2029.4 1864.0 11

12 Mortgages 2595.6 2958.0 3403.1 3644.4 3684.5 3660.7 3853.4 3841.4 3853.3 3897.6 3795.5 12

13 Consumer credit 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 832.7 13

14 Security credit 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 222.5 14

15 Corporate equities 20.3 24.1 35.3 41.5 33.7 32.6 23.2 6.7 4.5 10.5 20.5 15

16 Mutual fund shares 18.1 17.4 24.5 29.6 26.4 25.5 20.0 19.6 33.5 36.0 30.7 16

17 Customers’ liab. on acceptances (2) 4.0 4.0 0.4 0.5 0.3 0.3 0.0 0.0 0.0 0.0 0.0 17

18 Miscellaneous assets 2136.4 2223.7 2347.2 2546.6 2820.8 2899.3 3074.7 3455.1 4128.7 4056.9 4026.7 18

19 Total liabilities 8099.3 8689.2 9467.5 10401.5 10718.5 10814.1 11364.2 12131.2 12362.3 12142.0 12201.7 19

20 Net interbank liabilities 146.7 132.2 119.7 13.5 -36.1 62.4 248.2 643.5 444.0 143.0 77.9 20

21 To monetary authority 1.0 1.0 -0.3 48.6 110.7 173.6 299.1 558.2 537.7 325.7 204.7 21

22 To domestic banks (3) 27.4 25.2 23.3 21.8 14.6 8.5 -55.4 -293.3 -267.9 -183.5 -256.2 22

23 To foreign banks 118.3 106.0 96.7 -56.9 -161.4 -119.6 4.5 378.6 174.2 0.8 129.4 23

24 Checkable deposits 646.7 610.3 574.4 587.7 590.3 586.8 639.1 729.1 666.6 729.4 736.0 24

25 Federal government 26.9 33.9 28.0 42.9 42.9 50.2 41.5 3.5 4.3 4.0 3.7 25

26 Rest of the world 13.2 19.7 28.8 34.1 37.2 33.5 42.7 58.9 41.1 40.5 39.1 26

27 Private domestic 606.6 556.8 517.6 510.7 510.2 503.1 554.9 666.7 621.2 684.9 693.1 27

28 Small time and savings deposits 3258.7 3527.1 3814.7 4077.7 4194.0 4188.8 4405.7 4619.1 4753.6 4777.9 4863.2 28

29 Large time deposits 1120.6 1363.7 1627.7 1925.3 1990.1 1973.3 2042.8 1827.7 1763.7 1770.0 1784.0 29

30 Federal funds and security RPs (net) 727.4 817.7 888.2 838.5 808.1 757.7 715.3 482.8 468.7 622.1 655.5 30

31 Credit market instruments 738.7 823.9 998.0 1261.2 1312.9 1394.2 1460.5 1422.0 1724.9 1720.8 1685.1 31

32 Open market paper 57.2 61.2 79.3 117.2 116.1 130.6 115.8 77.7 56.1 51.9 55.6 32

33 Corporate bonds 437.4 494.1 570.1 688.7 723.9 781.2 732.6 818.0 1211.0 1216.4 1225.4 33

34 Other loans and advances 244.1 268.5 348.5 455.2 472.9 482.4 612.1 526.3 457.8 452.5 404.1 34

35 Taxes payable (net) 33.6 25.8 24.7 11.1 0.2 -12.3 -29.7 -74.6 -72.6 -80.9 -65.9 35

36 Miscellaneous liabilities 1426.8 1388.5 1420.3 1686.6 1859.0 1863.1 1882.3 2481.6 2613.3 2459.7 2466.0 36

 Memo:

37 Credit market funds advanced (4) 6621.2 7278.4 8040.5 8781.6 8904.8 8972.2 9394.9 9425.1 9297.3 9278.3 9022.6 37

38 Consumer leases not included above (5) 0.0 0.0 0.0 11.2 11.2 10.7 9.8 9.5 9.1 8.1 7.3 38

(1) U.S.-chartered commercial banks, foreign banking offices in U.S., bank holding companies, and banks in U.S.-affiliated areas. IBFs are excluded from domestic banking and treated the

 same as branches in foreign countries.

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

(3) Floats and discrepancies in interbank transactions.

(4) Total bank credit (line 5) less security credit (line 14) less corporate equities (line 15) less mutual fund shares (line 16) plus customers’ liability on acceptances (line 17).

(5) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a tangible asset.
72 Z.1, December 10, 2009

L.110 U.S.-Chartered Commercial Banks

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 6865.1 7392.5 8189.5 8840.8 9030.9 9054.9 9786.1 10247.7 10036.5 9987.5 9924.6 1

 2 Vault cash and reserves at Federal Reserve 61.6 65.5 67.8 72.2 65.4 75.2 227.9 635.1 568.4 490.0 611.5 2

 3 Total bank credit 6118.0 6621.3 7320.5 7883.7 7969.1 8032.2 8467.5 8382.9 8320.6 8390.6 8212.7 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 0.1 4

 5 Treasury securities 74.2 64.2 61.9 73.0 64.1 49.5 71.5 53.4 71.0 82.7 119.0 5

 6 Agency- and GSE-backed securities 996.1 992.7 1040.3 928.9 923.2 985.7 991.3 1068.7 1085.4 1136.8 1106.5 6

 7 Mortgage pass-through securities 581.7 579.0 647.8 592.8 616.8 676.7 697.9 744.9 730.2 765.1 700.5 7

 8 CMOs and other structured MBS 156.7 152.3 147.2 142.8 148.2 146.0 146.4 157.1 166.9 173.5 192.0 8

 9 Other 257.7 261.5 245.3 193.3 158.2 163.0 147.0 166.7 188.4 198.2 214.0 9

10 Municipal securities 140.4 157.2 178.9 190.9 201.7 201.4 221.8 214.1 211.8 217.3 214.6 10

11 Corporate and foreign bonds 364.6 411.6 470.7 572.4 572.0 566.3 560.1 542.0 572.9 603.7 624.1 11

12 Private mortgage pass-through securities 18.9 23.9 32.7 48.2 50.1 43.5 38.7 23.8 22.5 25.8 27.2 12

13 Private CMOs and other structured MBS 108.0 146.2 158.8 223.7 240.8 237.3 245.8 222.2 214.0 209.8 205.9 13

14 Other 237.7 241.5 279.1 300.5 281.1 285.5 275.6 296.0 336.4 368.1 391.0 14

15 Bank loans n.e.c. 1150.5 1249.3 1312.2 1532.9 1590.2 1622.1 1687.0 1670.8 1580.7 1523.3 1395.0 15

16 Mortgages 2547.3 2902.1 3338.9 3564.6 3603.2 3578.1 3769.8 3754.7 3766.4 3811.8 3712.1 16

17 Consumer credit 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 832.7 17

18 Security credit 102.2 95.6 116.5 145.9 158.4 158.1 178.8 158.6 139.1 120.9 157.6 18

19 Corporate equities 20.3 24.1 35.3 41.5 33.7 32.6 23.2 6.7 4.5 10.5 20.5 19

20 Mutual fund shares 18.1 17.4 24.5 29.6 26.4 25.5 20.0 19.6 33.5 36.0 30.7 20

21 Customers’ liab. on acceptances (1) 3.3 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous assets 682.2 702.5 801.2 884.8 996.4 947.5 1090.7 1229.7 1147.5 1106.9 1100.4 22

23 Total liabilities 6663.3 7123.4 7764.2 8370.8 8573.2 8575.3 9061.6 9410.4 9234.8 9236.2 9292.9 23

24 Net interbank liabilities 274.4 292.5 365.1 503.2 509.6 671.4 730.7 946.3 747.2 637.0 564.8 24

25 Federal Reserve float 0.9 0.9 -0.3 -0.0 -0.6 -0.6 -1.0 -1.5 -3.1 -2.8 -2.5 25

26 Borrowing from Federal Reserve banks 0.0 0.1 0.1 48.6 111.3 174.2 300.1 559.7 540.8 328.5 207.2 26

27 To domestic banks -20.3 -18.4 -55.0 -23.8 -51.7 -22.3 -77.7 -258.8 -332.4 -256.9 -288.8 27

28 To foreign banks 293.8 309.9 420.3 478.3 450.6 520.1 509.3 647.0 541.9 568.2 649.0 28

29 Checkable deposits 624.5 587.7 551.2 560.2 560.2 556.8 611.2 700.9 637.9 698.8 705.4 29

30 Federal government 26.9 33.9 28.0 42.9 42.9 50.2 41.5 3.5 4.3 4.0 3.7 30

31 Rest of the world 11.2 17.4 26.8 31.7 29.5 27.7 39.3 54.2 36.6 35.9 29.2 31

32 Private domestic 586.4 536.5 496.4 485.5 487.7 479.0 530.5 643.3 596.9 658.9 672.4 32

33 Small time and savings deposits 3230.2 3493.1 3770.9 4025.9 4136.4 4132.7 4355.7 4566.2 4701.5 4728.5 4810.6 33

34 Large time deposits 671.3 838.1 968.0 991.1 1009.9 963.1 1077.6 1015.6 976.3 915.6 865.8 34

35 Federal funds and security RPs (net) 569.1 626.1 647.5 611.4 592.7 560.4 535.4 352.4 362.2 483.3 515.9 35

36 Acceptance liabilities 3.4 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Corporate bonds 109.3 121.7 149.2 174.4 174.2 173.5 173.8 182.4 168.3 165.3 158.3 37

38 Other loans and advances 244.1 268.5 348.5 455.2 472.9 482.4 612.1 526.3 457.8 452.5 404.1 38

39 Taxes payable (net) 33.6 25.8 24.7 11.1 0.2 -12.3 -29.7 -74.6 -72.6 -80.9 -65.9 39

40 Miscellaneous liabilities 903.4 866.6 939.1 1038.4 1117.1 1047.2 994.7 1194.9 1256.2 1236.1 1333.9 40

41 Investment by bank holding companies 857.0 897.0 1006.9 1133.1 1158.4 1148.5 1157.2 1181.3 1245.4 1260.8 1320.8 41

42 Other 46.4 -30.4 -67.8 -94.7 -41.3 -101.3 -162.5 13.6 10.8 -24.7 13.1 42

 Memo:

43 Credit market funds advanced (2) 5980.7 6487.4 7144.1 7666.8 7750.6 7816.0 8245.6 8197.9 8143.4 8223.3 8004.0 43

44 Consumer leases not included above (3) 0.0 0.0 0.0 11.2 11.2 10.7 9.8 9.5 9.1 8.1 7.3 44

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

(2) Total bank credit (line 3) less security credit (line 18) less corporate equities (line 19) less mutual fund shares (line 20) plus customers’ liability on acceptances (line 21).

(3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a tangible asset.
Z.1, December 10, 2009 73

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

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 664.1 818.1 828.2 1048.0 1146.3 1148.9 1220.2 1624.5 1504.8 1300.6 1308.8 1

 2 Reserves at Federal Reserve 0.7 0.9 0.6 1.0 1.1 0.7 34.1 239.0 213.6 145.5 229.4 2

 3 Total bank credit 606.3 792.1 946.8 1151.4 1140.2 1100.5 1085.8 1126.0 1070.6 963.4 916.2 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 27.7 27.8 26.8 30.4 37.9 35.0 30.8 35.5 44.7 33.2 55.3 5

 6 Agency- and GSE-backed securities 51.8 50.9 55.1 57.1 54.4 53.9 44.7 50.5 45.6 38.7 35.2 6

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

 8 Corporate and foreign bonds 182.2 262.8 292.5 369.5 384.4 360.4 356.6 401.6 352.3 304.3 287.7 8

 9 Bank loans n.e.c. 234.0 294.7 361.8 466.8 484.9 486.9 506.3 531.9 506.3 470.9 432.6 9

10 Mortgages 16.9 20.8 24.9 39.0 39.9 41.0 41.7 44.2 44.2 43.1 40.5 10

11 Security credit 93.7 135.1 185.6 188.6 138.8 123.2 105.5 62.3 77.5 73.3 65.0 11

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

13 Customers’ liab. on acceptances (2) 0.7 0.8 0.4 0.5 0.3 0.3 0.0 0.0 0.0 0.0 0.0 13

14 Miscellaneous assets 56.4 24.3 -119.6 -104.9 4.6 47.4 100.4 259.6 220.5 191.7 163.2 14

15 Total liabilities 680.3 834.8 844.6 1067.5 1159.3 1159.6 1236.3 1639.3 1519.7 1316.6 1325.7 15

16 Net interbank liabilities -135.7 -141.7 -213.0 -404.1 -448.2 -505.3 -430.1 -164.0 -234.0 -404.3 -353.1 16

17 To foreign banks -167.9 -176.7 -255.3 -424.6 -496.5 -542.8 -432.0 -180.2 -251.4 -439.2 -380.7 17

18 To domestic banks 32.2 35.0 42.2 20.5 48.2 37.5 1.9 16.2 17.4 35.0 27.5 18

19 Checkable deposits 8.7 9.3 9.3 11.8 14.9 14.1 12.3 13.5 13.8 15.0 14.8 19

20 Small time and savings deposits 9.5 10.0 18.6 25.5 31.6 29.4 22.1 25.6 26.2 24.1 27.6 20

21 Large time deposits 430.3 501.7 634.5 907.9 954.2 983.6 937.2 784.7 761.5 829.2 893.3 21

22 Federal funds and security RPs (net) 157.5 190.9 239.9 226.3 214.7 196.9 179.9 130.0 134.3 172.4 178.5 22

23 Acceptance liabilities 0.7 0.8 0.5 0.5 0.4 0.3 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities 209.2 263.8 154.8 299.6 391.7 440.6 514.7 849.5 817.9 680.2 564.5 24

25 Foreign direct investment in U.S. 122.7 130.2 135.4 134.3 142.2 148.2 150.4 119.1 116.6 118.0 119.5 25

26 Due to affiliates 167.7 188.8 197.3 241.0 240.4 237.3 192.6 276.6 269.3 224.5 199.1 26

27 Other -81.2 -55.1 -177.9 -75.8 9.1 55.1 171.8 453.7 431.9 337.7 245.9 27

 Memo:

28 Credit market funds advanced (3) 513.3 657.8 761.6 963.3 1001.8 977.6 980.2 1063.7 993.2 890.2 851.2 28

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

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

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
74 Z.1, December 10, 2009

L.112 Bank Holding Companies

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1429.0 1523.8 1695.3 1813.2 1866.7 1975.0 1945.8 2027.4 2822.1 2824.8 2831.7 1

 2 Credit market instruments 36.4 32.2 35.6 58.7 59.7 84.1 75.0 72.6 71.5 75.5 76.5 2

 3 Treasury securities 2.0 1.1 2.5 7.1 6.3 11.8 13.7 3.1 0.6 7.0 4.2 3

 4 Agency- and GSE-backed securities 13.5 11.2 11.2 9.9 13.0 28.3 16.6 25.8 21.6 22.4 22.3 4

 5 Corporate and foreign bonds 15.5 11.8 16.7 35.9 35.0 37.4 38.8 35.8 32.0 29.5 33.1 5

 6 Bank loans n.e.c. 5.3 8.1 5.1 5.8 5.4 6.6 5.9 7.9 17.3 16.6 16.8 6

 7 Miscellaneous assets 1392.6 1491.6 1659.7 1754.6 1807.0 1890.9 1870.8 1954.8 2750.7 2749.3 2755.2 7

 8 Investment in bank subsidiaries 857.0 897.0 1006.9 1133.1 1158.4 1148.5 1157.2 1181.3 1245.4 1260.8 1320.8 8

 9 Investment in nonbank subsidiaries 341.3 384.0 406.6 343.6 352.6 378.3 398.2 401.1 982.6 978.9 935.1 9

10 Other 194.4 210.6 246.2 277.9 296.0 364.1 315.4 372.5 522.7 509.6 499.3 10

11 Total liabilities 661.7 627.6 756.7 868.8 891.9 982.7 971.3 990.4 1519.2 1502.2 1490.7 11

12 Net interbank liabilities 8.0 -18.5 -32.4 -85.6 -97.5 -103.7 -52.5 -138.8 -69.2 -89.7 -133.9 12

13 To domestic banks 15.5 8.6 36.0 25.0 18.0 -6.7 20.4 -50.7 47.1 38.5 5.0 13

14 To foreign banks -7.5 -27.1 -68.4 -110.6 -115.5 -97.0 -72.9 -88.1 -116.3 -128.2 -138.9 14

15 Federal funds and security RPs (net) 0.8 0.6 0.8 0.8 0.6 0.4 -0.1 0.4 -27.8 -33.6 -38.9 15

16 Credit market instruments 381.3 429.5 499.7 631.1 665.4 737.9 674.6 713.3 1098.8 1103.0 1122.7 16

17 Commercial paper 53.1 57.1 78.8 116.7 115.7 130.3 115.8 77.7 56.1 51.9 55.6 17

18 Corporate bonds 328.2 372.4 420.9 514.4 549.7 607.6 558.8 635.6 1042.6 1051.1 1067.1 18

19 Miscellaneous liabilities 271.6 216.0 288.6 322.4 323.4 348.0 349.3 415.5 517.4 522.5 540.8 19

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

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

 1 Total financial assets 99.5 109.3 108.1 107.5 108.1 110.7 109.5 105.2 103.5 101.8 101.5 1

 2 Checkable deposits and currency 3.5 3.0 2.9 2.6 2.6 2.7 2.6 3.2 4.3 3.3 2.7 2

 3 Credit market instruments 90.8 101.0 99.3 92.8 92.7 94.5 94.1 90.9 89.2 89.5 90.9 3

 4 Treasury securities 3.8 3.9 3.7 1.8 1.4 1.2 1.2 1.2 0.8 0.8 0.8 4

 5 Agency- and GSE-backed securities 33.6 34.8 29.0 26.3 25.7 27.8 27.4 24.4 22.8 23.5 21.8 5

 6 Municipal securities 0.3 0.5 1.3 2.0 2.0 2.2 2.3 2.5 3.0 2.4 3.5 6

 7 Corporate and foreign bonds 1.3 0.8 0.4 0.5 0.7 0.6 0.4 0.5 0.2 1.5 2.3 7

 8 Bank loans n.e.c. 20.3 25.9 25.6 21.4 21.4 21.1 20.9 19.7 19.7 18.6 19.6 8

 9 Home mortgages 15.6 16.3 17.2 21.5 22.1 22.1 22.4 22.9 23.0 22.9 23.0 9

10 Commercial mortgages 15.9 18.8 22.0 19.3 19.4 19.5 19.5 19.7 19.6 19.8 19.9 10

11 Miscellaneous assets 5.2 5.3 5.9 12.1 12.8 13.5 12.8 11.1 10.0 9.1 7.8 11

12 Total liabilities 94.0 103.4 102.1 94.4 94.1 96.5 95.1 91.0 88.6 87.0 92.5 12

13 Checkable deposits 13.5 13.3 14.0 15.7 15.3 15.8 15.5 14.6 14.9 15.6 15.8 13

14 Small time and savings deposits 19.0 23.9 25.2 26.3 26.0 26.7 28.0 27.4 25.9 25.3 25.0 14

15 Large time deposits 19.0 23.9 25.2 26.3 26.0 26.7 28.0 27.4 25.9 25.3 25.0 15

16 Miscellaneous liabilities 42.5 42.2 37.7 26.2 26.8 27.3 23.6 21.7 21.8 20.8 26.8 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.
Z.1, December 10, 2009 75

L.114 Savings Institutions (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1649.6 1789.4 1714.8 1815.0 1826.4 1817.2 1518.4 1523.5 1531.9 1397.6 1372.9 1

 2 Reserves at Federal Reserve 3.3 2.7 2.0 2.6 2.5 2.7 6.5 39.0 49.0 54.0 42.5 2

 3 Checkable deposits and currency 21.3 23.7 20.4 20.0 24.0 22.1 18.7 8.7 10.2 6.3 7.9 3

 4 Time and savings deposits 3.2 2.7 6.6 9.9 10.2 11.7 12.0 8.3 10.3 10.2 17.6 4

 5 Federal funds and security RPs 9.1 9.0 18.3 45.6 39.1 32.0 28.6 34.7 29.5 10.3 19.2 5

 6 Credit market instruments 1417.7 1617.1 1519.2 1584.9 1599.2 1607.0 1325.9 1310.3 1311.5 1205.1 1180.6 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 8.4 12.3 12.4 7.0 6.0 4.9 2.9 2.9 3.6 4.6 6.0 8

 9 Agency- and GSE-backed securities 136.4 192.3 169.3 168.6 165.6 170.0 163.5 167.9 175.9 179.4 188.7 9

10 Mortgage pass-through securities 90.4 116.0 96.3 101.5 104.9 105.8 100.3 104.4 103.4 99.7 93.3 10

11 CMOs and other structured MBS 23.4 30.7 27.5 25.3 25.7 34.4 30.8 32.6 37.7 40.8 43.7 11

12 Other 22.7 45.5 45.5 41.8 35.0 29.8 32.3 30.8 34.8 38.9 51.7 12

13 Municipal securities 7.4 9.0 11.1 11.0 10.5 11.1 8.5 8.4 8.6 9.3 9.8 13

14 Corporate and foreign bonds 59.2 80.2 89.4 138.5 139.8 139.3 114.1 104.5 112.8 103.8 101.2 14

15 Private mortgage pass-through securities 8.2 7.7 10.7 6.2 8.1 6.2 5.7 4.9 3.7 3.4 2.3 15

16 Private CMOs and other structured MBS 40.5 58.6 65.4 104.7 97.0 87.8 69.3 62.9 42.1 32.4 32.0 16

17 Other 10.5 13.9 13.3 27.6 34.7 45.2 39.1 36.7 66.9 67.9 66.9 17

18 Other loans and advances 57.6 61.5 67.5 73.7 78.0 76.1 74.0 80.1 80.7 76.7 68.0 18

19 Mortgages 1057.4 1152.7 1074.0 1095.3 1111.8 1115.6 883.6 860.2 849.8 755.5 728.7 19

20 Consumer credit 91.3 109.1 95.5 90.8 87.5 90.0 79.3 86.3 80.0 75.9 78.1 20

21 Corporate equities 28.2 26.2 24.9 25.3 25.7 25.8 25.6 22.7 21.6 24.1 24.6 21

22 Miscellaneous assets 166.7 107.9 123.3 126.7 125.7 116.0 101.2 99.8 99.9 87.6 80.5 22

23 Total liabilities 1495.0 1619.2 1535.8 1649.2 1663.8 1661.3 1381.9 1395.7 1389.1 1257.6 1229.2 23

24 Deposits 990.2 1066.8 1091.4 1104.6 1131.2 1139.8 943.5 948.6 971.9 944.2 923.7 24

25 Checkable 81.2 85.0 85.9 79.4 76.7 83.9 79.0 76.6 76.4 75.9 90.6 25

26 Small time and savings 584.5 618.5 647.5 638.1 657.9 686.2 589.6 578.5 582.9 568.1 677.6 26

27 Large time 324.5 363.3 358.0 387.1 396.6 369.6 274.9 293.5 312.6 300.2 155.5 27

28 Security RPs 63.3 61.0 41.8 17.6 3.0 3.0 0.7 17.6 19.4 10.9 70.3 28

29 Credit market instruments 404.8 427.3 319.1 423.3 436.3 431.3 378.0 356.1 321.8 253.2 192.4 29

30 Corporate bonds 7.6 8.7 10.7 10.4 10.7 10.9 2.4 2.4 2.0 2.2 2.3 30

31 Bank loans n.e.c. 87.9 93.1 48.6 62.0 62.3 65.1 70.6 75.0 67.5 62.0 11.3 31

32 Other loans and advances 309.3 325.5 259.8 350.9 363.3 355.3 304.9 278.7 252.4 189.0 178.8 32

33 Taxes payable 3.6 3.6 3.3 1.3 1.6 1.0 1.1 1.0 1.4 0.8 1.4 33

34 Miscellaneous liabilities 33.2 60.5 80.2 102.4 91.7 86.2 58.7 72.3 74.7 48.5 41.5 34

35 Investment by parent 19.0 22.7 24.7 25.3 26.2 28.8 27.8 31.6 24.0 24.3 23.9 35

36 Other 14.3 37.8 55.5 77.1 65.5 57.4 30.8 40.7 50.7 24.2 17.5 36

(1) Savings and loan associations, mutual savings banks, and federal savings banks.
76 Z.1, December 10, 2009

L.115 Credit Unions

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 654.7 685.7 716.2 758.7 792.8 803.2 800.0 812.4 855.4 868.6 873.4 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.6 0.7 1.6 4.7 24.5 22.2 15.6 2

 3 Checkable deposits and currency 40.2 38.1 44.4 43.3 60.5 47.9 36.1 37.6 36.9 32.3 37.3 3

 4 Time and savings deposits 26.4 21.9 17.0 17.0 22.7 25.8 25.3 28.3 34.3 36.3 35.6 4

 5 Federal funds and security RPs (net) 4.1 6.7 5.1 2.5 3.2 1.2 -3.4 -2.3 -0.5 0.1 0.1 5

 6 Credit market instruments 556.4 592.6 622.7 657.9 665.0 684.7 697.0 697.9 699.4 718.9 727.1 6

 7 Open market paper 0.8 0.8 1.0 0.4 2.7 0.7 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 8.9 7.7 7.4 10.4 9.6 10.2 9.9 8.8 8.3 12.6 13.8 8

 9 Agency- and GSE-backed securities 93.1 86.4 72.5 68.4 73.5 80.8 82.4 82.9 92.5 102.5 103.9 9

10 Corporate and foreign bonds 25.0 23.5 30.6 34.6 32.9 32.3 29.7 25.7 17.6 18.0 17.9 10

11 Other loans and advances 24.9 25.9 26.8 26.9 26.2 28.0 30.1 29.4 31.4 32.2 32.5 11

12 Home mortgages 188.3 219.7 249.7 281.5 290.0 301.6 308.8 316.0 314.7 317.4 318.4 12

13 Consumer credit 215.4 228.6 234.5 235.7 230.1 231.1 236.1 235.0 234.8 236.2 240.6 13

14 Mutual fund shares 3.1 2.2 2.1 2.1 2.4 2.4 2.0 2.0 1.8 1.8 1.5 14

15 Miscellaneous assets 24.5 24.2 24.9 35.9 38.4 40.5 41.4 44.2 59.2 57.0 56.1 15

16 Total liabilities 595.2 622.7 648.7 688.2 721.2 732.4 729.1 742.7 792.2 801.5 805.0 16

17 Shares/deposits 574.5 596.1 620.6 652.3 685.1 693.8 683.7 697.4 741.2 752.2 757.2 17

18 Checkable 74.1 81.1 72.6 73.7 78.8 77.0 74.5 75.3 80.8 80.5 79.5 18

19 Small time and savings 440.4 452.5 483.0 508.7 531.8 541.2 539.3 551.7 582.2 590.9 592.6 19

20 Large time 60.0 62.5 65.0 69.9 74.5 75.6 69.9 70.4 78.3 80.8 85.1 20

21 Other loans and advances 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 28.3 21

22 Miscellaneous liabilities 9.3 11.9 9.2 3.6 7.6 3.2 1.9 4.7 20.7 20.8 19.5 22

L.116 Property-Casualty Insurance Companies

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

 1 Total financial assets 1159.1 1246.3 1335.8 1381.5 1368.8 1366.6 1355.7 1305.5 1275.3 1311.5 1345.2 1

 2 Checkable deposits and currency 25.9 21.0 29.9 42.7 41.8 40.6 43.4 27.9 26.0 33.9 35.4 2

 3 Security RPs 63.1 68.9 66.0 53.8 63.4 61.9 57.0 67.1 67.3 58.9 58.8 3

 4 Credit market instruments 698.8 765.8 813.5 839.8 836.6 835.0 826.4 823.5 823.8 835.3 839.7 4

 5 Treasury securities 71.3 69.2 75.8 55.1 55.1 55.1 54.8 54.8 54.8 55.5 55.8 5

 6 Agency- and GSE-backed securities 112.1 117.9 122.0 125.8 123.0 120.5 117.0 114.3 111.8 111.7 112.3 6

 7 Municipal securities 267.8 313.2 335.2 371.3 374.4 378.1 378.9 381.9 384.6 391.9 394.1 7

 8 Corporate and foreign bonds 245.3 262.8 277.0 282.9 279.3 276.2 271.0 267.5 267.6 271.1 272.6 8

 9 Commercial mortgages 2.4 2.7 3.5 4.8 4.9 5.0 4.7 5.0 5.0 5.0 4.8 9

10 Corporate equities 196.6 199.5 227.0 236.2 215.7 212.5 209.5 193.3 164.6 187.6 217.5 10

11 Mutual fund shares 5.2 5.7 6.9 6.8 6.3 6.3 5.6 4.4 4.2 4.6 5.0 11

12 Trade receivables 79.6 82.1 87.0 85.4 86.3 87.1 87.1 86.7 87.4 87.3 85.9 12

13 Miscellaneous assets 89.9 103.3 105.5 116.8 118.7 123.1 126.7 102.6 102.1 103.9 102.9 13

14 Total liabilities 709.8 757.7 825.1 832.4 839.2 848.9 868.2 825.2 812.2 816.8 827.5 14

15 Taxes payable (net) 1.5 -1.6 9.4 7.0 5.9 -3.0 -2.7 -21.1 -24.2 -20.5 -9.9 15

16 Miscellaneous liabilities 708.3 759.3 815.7 825.4 833.2 851.9 871.0 846.4 836.5 837.3 837.4 16
Z.1, December 10, 2009 77

L.117 Life Insurance Companies

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 4130.3 4350.7 4685.3 4949.7 4867.7 4875.1 4715.9 4515.5 4420.3 4552.0 4749.4 1

 2 Checkable deposits and currency 53.3 47.7 56.1 58.3 63.1 71.8 73.9 82.8 70.3 65.7 64.3 2

 3 Money market fund shares 120.7 113.6 162.3 226.6 244.0 247.0 249.8 259.8 263.5 260.7 256.6 3

 4 Credit market instruments 2661.4 2765.4 2806.1 2888.6 2916.1 2928.4 2910.6 2899.2 2946.9 2969.4 2991.1 4

 5 Open market paper 48.2 40.2 53.1 61.4 69.0 65.8 56.2 54.7 46.9 37.2 35.1 5

 6 Treasury securities 78.5 91.2 83.2 68.3 74.4 80.4 85.8 105.7 124.9 134.2 140.4 6

 7 Agency- and GSE-backed securities 357.1 368.5 377.4 382.9 381.4 379.1 373.6 366.2 360.5 359.8 356.5 7

 8 Municipal securities 30.1 32.5 36.6 41.4 43.2 44.8 46.1 47.1 49.0 49.4 50.0 8

 9 Corporate and foreign bonds 1756.3 1824.8 1822.8 1862.8 1867.2 1868.0 1846.8 1818.9 1862.0 1887.0 1908.3 9

10 Other loans and advances 117.8 122.8 129.3 145.6 150.1 153.8 161.2 164.2 165.0 166.8 167.8 10

11 Mortgages 273.3 285.5 303.8 326.2 330.9 336.4 340.9 342.4 338.6 335.0 332.9 11

12 Corporate equities 1053.9 1161.8 1364.8 1464.6 1332.8 1325.2 1229.5 1001.7 892.7 1013.6 1155.3 12

13 Mutual fund shares 114.4 109.0 148.8 188.4 175.0 174.9 154.6 121.0 113.7 123.8 136.4 13

14 Miscellaneous assets 126.6 153.1 147.1 123.3 136.6 127.8 97.4 151.0 133.3 118.8 145.7 14

15 Total liabilities 3869.7 4088.4 4412.0 4661.7 4590.6 4602.8 4459.0 4266.5 4187.2 4308.4 4490.9 15

16 Other loans and advances 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 47.5 16

17 Life insurance reserves 1018.8 1039.9 1119.5 1156.1 1141.9 1150.5 1152.0 1133.4 1134.7 1154.5 1182.7 17

18 Pension fund reserves (1) 2027.9 2197.4 2332.4 2437.8 2367.3 2364.0 2308.2 2150.6 2119.0 2170.7 2247.7 18

19 Taxes payable (net) -2.7 -5.3 -1.3 -4.7 -7.8 -11.6 -17.9 -24.4 -21.8 -6.3 -3.7 19

20 Miscellaneous liabilities 814.7 845.0 947.2 1043.8 1058.0 1066.5 973.8 952.0 902.8 939.0 1016.7 20

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 20).

L.118 Private Pension Funds (1)

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

 1 Total financial assets 4922.4 5302.2 6010.0 6391.2 5913.4 5851.1 5442.7 4600.3 4284.2 4757.7 5282.7 1

 2 Checkable deposits and currency 10.5 10.8 11.2 11.8 11.9 11.8 14.4 12.3 12.3 11.9 14.4 2

 3 Time and savings deposits 55.9 62.2 63.1 67.7 68.8 68.8 69.7 67.9 69.6 69.3 71.3 3

 4 Money market fund shares 84.9 86.7 90.1 93.5 94.1 94.8 95.3 95.7 96.1 96.2 96.3 4

 5 Security RPs 20.6 21.6 22.4 25.8 26.5 22.2 23.0 33.1 36.8 37.8 42.0 5

 6 Credit market instruments 654.6 699.9 758.3 860.7 875.6 896.2 914.4 951.4 973.0 980.7 983.4 6

 7 Open market paper 28.5 31.5 31.7 26.9 28.6 29.0 20.9 37.2 37.6 38.1 31.5 7

 8 Treasury securities 113.0 116.5 130.8 169.5 173.9 177.9 186.6 184.9 189.3 195.6 207.1 8

 9 Agency- and GSE-backed securities 235.3 252.0 268.6 296.8 300.4 302.0 310.3 318.1 325.6 320.9 313.0 9

10 Corporate and foreign bonds 267.8 290.0 317.6 357.3 362.2 376.7 385.7 400.1 408.9 414.1 419.0 10

11 Mortgages 10.0 9.8 9.5 10.2 10.4 10.7 10.9 11.1 11.6 12.1 12.8 11

12 Corporate equities 2338.5 2541.7 2874.8 2863.3 2543.5 2459.7 2190.5 1664.7 1455.7 1658.3 1878.8 12

13 Mutual fund shares 1278.2 1399.0 1657.6 1848.3 1699.1 1688.9 1558.8 1229.5 1127.3 1325.2 1549.4 13

14 Miscellaneous assets 479.2 480.2 532.5 620.1 593.9 608.8 576.7 545.5 513.6 578.3 647.0 14

15 Unallocated insurance contracts (2) 328.4 338.4 387.9 444.3 417.8 426.2 397.2 351.6 316.8 372.7 434.5 15

16 Contributions receivable 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 51.6 16

17 Other 104.1 97.0 101.8 128.6 128.4 134.5 131.5 146.0 147.9 155.7 160.9 17

18 Pension fund reserves (liabilities) (3) 4963.0 5341.4 6047.7 6425.4 5948.7 5887.2 5479.2 4635.6 4320.6 4794.0 5319.1 18

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

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

(3) Equal to the value of tangible and financial assets. These liabilities are assets of the household sector.
78 Z.1, December 10, 2009

L.119 State and Local Government Employee Retirement Funds

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2577.5 2721.4 3108.3 3216.3 2978.4 2942.3 2750.3 2327.1 2172.6 2370.5 2596.0 1

 2 Checkable deposits and currency 16.3 15.8 14.1 16.6 16.7 16.6 16.5 16.5 16.3 16.4 16.4 2

 3 Time and savings deposits 1.4 1.3 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 3

 4 Money market fund shares 11.6 11.7 13.8 16.2 16.3 16.2 16.1 18.8 18.6 18.6 18.7 4

 5 Security RPs 20.2 19.7 24.0 28.3 28.5 28.3 28.1 30.7 30.5 30.6 30.7 5

 6 Credit market instruments 675.3 693.4 825.4 855.6 857.4 856.0 854.2 851.1 844.4 840.6 838.6 6

 7 Open market paper 35.2 35.2 42.6 50.3 50.6 50.3 44.6 33.9 33.6 31.2 26.5 7

 8 Treasury securities 151.0 153.8 157.1 168.8 169.4 169.1 171.6 174.6 173.2 172.7 176.7 8

 9 Agency- and GSE-backed securities 258.8 258.4 310.8 334.1 335.1 334.6 337.1 340.5 337.8 337.0 334.7 9

10 Municipal securities 1.8 1.7 3.6 1.9 1.2 1.2 1.2 1.1 1.1 1.1 1.1 10

11 Corporate and foreign bonds 213.5 227.9 296.9 287.8 288.5 288.2 287.3 288.6 286.5 286.2 287.3 11

12 Mortgages 15.1 16.4 14.5 12.7 12.7 12.6 12.4 12.4 12.3 12.3 12.4 12

13 Corporate equities 1600.9 1715.8 1926.3 1985.9 1776.8 1747.0 1582.1 1211.8 1083.8 1259.1 1456.8 13

14 Mutual fund shares 235.9 248.4 287.5 296.4 265.2 260.7 236.1 181.1 162.0 188.1 217.5 14

15 Miscellaneous assets 15.9 15.4 16.3 16.2 16.4 16.4 16.2 16.2 16.1 16.2 16.3 15

16 Pension fund reserves (liabilities) (1) 2621.3 2763.4 3175.1 3315.5 3079.4 3045.7 2855.9 2435.2 2282.8 2483.1 2710.7 16

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

L.120 Federal Government Retirement Funds (1)

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

 1 Total financial assets 1023.3 1071.5 1141.1 1197.2 1171.4 1179.2 1188.5 1221.2 1192.4 1214.8 1249.7 1

 2 Credit market instruments 68.2 76.0 84.3 96.1 106.1 108.1 115.1 120.3 124.5 124.7 125.8 2

 3 Treasury securities 60.7 68.4 76.7 88.0 96.6 98.9 105.9 112.3 116.7 116.9 117.5 3

 4 Agency- and GSE-backed securities 4.6 4.6 4.7 5.0 6.0 5.8 5.8 5.1 5.0 5.0 5.4 4

 5 Corporate and foreign bonds 3.0 2.9 2.9 3.0 3.6 3.4 3.4 2.9 2.8 2.8 3.0 5

 6 Corporate equities 99.2 112.6 138.1 149.1 128.4 127.6 111.1 85.6 74.7 92.5 110.4 6

 7 Miscellaneous assets (2) 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 1013.5 7

 8 Pension fund reserves (liabilities) (3) 1023.3 1071.5 1141.1 1197.2 1171.4 1179.2 1188.5 1221.2 1192.4 1214.8 1249.7 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.
Z.1, December 10, 2009 79

L.121 Money Market Mutual Funds (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 3363.0 1

 2 Foreign deposits 78.5 94.7 84.1 127.3 143.8 141.4 146.0 129.3 79.7 93.1 103.6 2

 3 Checkable deposits and currency 0.6 -0.9 6.7 1.9 -9.9 0.5 8.8 7.5 12.7 -6.3 4.2 3

 4 Time and savings deposits 167.2 183.0 206.7 270.6 349.7 368.5 331.7 355.2 458.1 541.1 544.6 4

 5 Security RPs 234.0 346.0 394.6 605.9 591.6 518.1 591.8 542.4 561.5 481.6 495.0 5

 6 Credit market instruments 1346.3 1340.8 1560.8 1936.4 2237.5 2232.8 2232.0 2675.0 2575.2 2418.1 2163.8 6

 7 Open market paper 405.8 492.2 608.3 674.6 662.3 642.2 494.8 618.5 578.7 522.1 513.6 7

 8 Treasury securities 98.2 88.6 82.7 178.1 296.3 283.7 460.0 577.7 519.7 489.1 426.4 8

 9 Agency- and GSE-backed securities 267.5 160.1 131.4 235.9 388.9 424.9 518.4 756.2 776.3 733.2 635.2 9

10 Municipal securities 313.8 336.8 370.3 471.0 491.8 500.3 472.8 494.6 482.7 455.8 420.6 10

11 Corporate and foreign bonds 261.0 263.2 368.3 376.8 398.2 381.7 286.0 228.0 217.8 217.9 168.1 11

12 Miscellaneous assets 53.3 43.3 59.2 90.9 69.7 56.9 45.1 47.9 51.4 56.5 51.9 12

13 Total shares outstanding (liabilities) 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 3363.0 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 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5856.9 6667.4 1

 2 Security RPs 112.6 115.4 132.8 132.2 136.0 149.6 144.1 124.7 103.6 121.6 134.7 2

 3 Credit market instruments 1623.0 1747.1 1932.0 2203.1 2256.7 2356.6 2340.9 2276.4 2319.9 2436.0 2551.7 3

 4 Open market paper 94.2 97.1 114.5 114.1 117.7 131.2 89.0 51.6 31.8 49.3 62.4 4

 5 Treasury securities 149.0 155.7 160.7 179.2 182.7 188.3 191.3 187.9 193.0 202.2 212.7 5

 6 Agency- and GSE-backed securities 462.7 483.4 499.1 565.4 576.3 594.0 603.4 592.7 588.1 616.9 649.7 6

 7 Municipal securities 294.3 311.7 344.4 372.2 380.1 393.4 399.1 389.6 406.8 430.7 460.0 7

 8 Corporate and foreign bonds 596.8 662.7 768.9 890.5 916.1 964.3 968.7 965.1 1010.3 1046.2 1075.3 8

 9 Other loans and advances 26.0 36.5 44.4 81.9 83.8 85.4 89.3 89.6 89.8 90.6 91.6 9

10 Corporate equities 3693.6 4175.7 4989.6 5476.9 4923.6 4888.8 4110.3 3014.1 2668.3 3282.0 3963.8 10

11 Miscellaneous assets 7.0 10.7 14.0 16.8 20.1 17.3 18.9 20.0 16.0 17.3 17.2 11

12 Total shares outstanding (liabilities) 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5856.9 6667.4 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds

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

 Closed-end funds

 1 Total financial assets 245.9 271.4 294.3 316.8 297.9 284.8 250.6 206.6 200.1 214.1 226.8 1

 2 Credit market instruments 163.6 165.8 171.8 170.6 165.2 159.4 148.8 131.0 131.1 135.4 138.9 2

 3 Treasury securities 6.8 7.1 7.4 5.6 5.4 5.2 4.7 3.2 3.3 3.7 3.9 3

 4 Municipal securities 89.1 89.4 89.4 91.0 88.9 86.5 82.2 78.2 79.3 80.5 81.5 4

 5 Corporate and foreign bonds 67.6 69.3 75.1 74.0 70.9 67.7 61.9 49.5 48.5 51.2 53.6 5

 6 Corporate equities 82.3 105.6 122.5 146.2 132.7 125.4 101.8 75.7 69.1 78.7 87.9 6

 7 Total shares outstanding (liabilities) 245.9 271.4 294.3 316.8 297.9 284.8 250.6 206.6 200.1 214.1 226.8 7

 Exchange-traded funds

 8 Total financial assets 227.3 300.8 422.8 607.7 569.5 577.3 580.2 530.9 481.9 588.4 689.0 8

 9 Credit market instruments 8.2 15.0 20.7 34.0 38.9 44.5 51.5 57.0 69.0 80.5 91.5 9

10 Treasury securities 4.9 9.7 13.1 19.7 21.0 22.6 26.6 27.0 31.6 35.6 38.6 10

11 Municipal securities 0.0 0.0 0.0 0.6 1.1 1.5 1.8 2.3 3.1 4.0 5.1 11

12 Corporate and foreign bonds 3.3 5.3 7.6 13.8 16.8 20.4 23.1 27.7 34.3 41.0 47.8 12

13 Corporate equities 219.0 285.8 402.0 573.7 530.6 532.8 528.7 473.9 412.8 507.9 597.5 13

14 Total shares outstanding (liabilities) 227.3 300.8 422.8 607.7 569.5 577.3 580.2 530.9 481.9 588.4 689.0 14
80 Z.1, December 10, 2009

L.124 Government-Sponsored Enterprises (GSEs) (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2882.9 2819.4 2872.9 3174.3 3224.2 3393.4 3413.6 3400.0 3382.4 3266.6 3125.9 1

 2 Checkable deposits and currency 39.1 14.6 16.4 13.7 11.4 58.5 94.4 88.3 84.1 81.0 87.5 2

 3 Time and savings deposits 23.3 35.3 33.9 46.6 41.3 53.2 28.5 68.5 63.4 66.6 30.2 3

 4 Federal funds and security RPs (net) 93.6 107.7 117.4 142.7 131.1 141.6 136.6 114.5 159.4 102.2 116.3 4

 5 Credit market instruments 2613.0 2543.9 2590.5 2829.5 2914.0 3014.5 3048.2 3033.6 2973.2 2900.7 2803.4 5

 6 Open market paper 5.8 13.8 32.4 27.7 39.8 9.3 6.8 6.8 11.2 12.0 9.7 6

 7 Treasury securities 12.9 13.1 14.2 15.5 15.7 16.1 16.4 16.8 17.6 19.3 21.5 7

 8 Agency- and GSE-backed securities 886.5 751.1 714.0 702.9 728.4 854.3 836.7 910.0 954.0 949.0 919.4 8

 9 Municipal securities 44.6 39.7 36.1 33.3 33.1 32.0 31.3 31.3 30.9 30.4 29.7 9

10 Corporate and foreign bonds 414.8 465.7 481.7 464.4 460.8 437.6 404.6 386.6 367.4 384.3 384.9 10

11 Other loans and advances 619.4 671.8 704.9 942.6 977.1 993.6 1083.2 980.7 873.0 800.8 736.8 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 43.6 51.6 63.5 75.5 81.3 87.1 79.8 80.3 80.0 80.3 78.1 13

14 FHLB 575.8 620.2 641.4 867.1 895.8 906.5 1003.4 900.5 792.9 720.5 658.7 14

15 Mortgages 629.0 588.8 607.2 643.1 659.0 671.6 669.0 701.4 719.1 704.8 701.4 15

16 Home 508.6 453.9 457.6 447.9 450.8 451.2 434.9 456.9 471.3 453.5 446.4 16

17 Multifamily residential 82.5 93.0 105.4 147.7 158.0 168.2 179.7 187.7 190.8 194.1 197.4 17

18 Farm 38.0 42.0 44.2 47.6 50.3 52.2 54.4 56.9 57.0 57.2 57.5 18

19 Consumer credit (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Miscellaneous assets 113.9 117.8 114.7 141.7 126.5 125.6 105.8 95.0 102.3 116.1 88.5 20

21 Total liabilities 2819.9 2734.0 2781.2 3081.3 3130.5 3282.3 3358.6 3392.3 3361.5 3193.3 3061.1 21

22 Credit market instruments 2676.3 2592.2 2627.8 2910.2 2938.1 3102.1 3152.7 3181.9 3118.3 2948.1 2800.5 22

23 GSE issues (3) 2676.3 2592.2 2627.8 2910.2 2938.1 3102.1 3152.7 3181.9 3118.3 2948.1 2800.5 23

24 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 24

25 Miscellaneous liabilities 143.7 141.8 153.4 171.1 192.4 180.2 205.9 210.4 243.2 245.2 260.6 25

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation.

 The Student Loan Marketing Association (Sallie Mae) was included until it was fully privatized in 2004:Q4.

(2) Sallie Mae student loans.

(3) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-backed Mortgage Pools (1)

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

 1 Total financial assets 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 1

 2 Home mortgages 3256.3 3419.7 3710.6 4318.8 4452.7 4607.2 4738.6 4801.2 4880.4 5008.6 5133.0 2

 3 Multifamily residential mortgages 117.4 121.3 123.5 140.2 144.2 148.0 148.6 154.9 156.8 160.1 162.2 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 0.9 0.8 3.2 4.5 4.5 4.3 4.7 4.7 4.6 4.6 4.5 5

 6 Total pool securities (liabilities)(2) 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 6

(1) GNMA, Fannie Mae, Freddie Mac, FAMC, and Farmers Home Administration pools. Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for

 agency- and GSE-backed CMOs and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and

 other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
Z.1, December 10, 2009 81

L.126 Issuers of Asset-Backed Securities (ABS)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 2651.3 3382.1 4181.4 4517.1 4451.5 4342.5 4238.6 4092.4 3936.4 3801.9 3650.4 1

 2 Treasury securities 8.0 27.7 56.4 77.5 76.8 73.9 70.0 65.1 61.4 56.6 52.4 2

 3 Agency- and GSE-backed securities (1) 363.4 330.5 351.3 369.8 363.5 360.2 359.2 340.4 311.3 302.0 274.0 3

 4 Other loans and advances 161.9 182.9 238.8 327.9 332.7 335.0 347.9 348.3 343.1 338.5 333.1 4

 5 Mortgages (2) 1443.7 2131.3 2765.5 2946.8 2879.8 2784.0 2693.1 2593.0 2501.4 2399.6 2305.3 5

 6 Home 1048.6 1621.9 2139.3 2171.5 2112.7 2025.6 1947.6 1858.8 1775.3 1681.5 1596.8 6

 7 Multifamily residential 72.7 89.3 103.2 125.4 122.8 119.9 117.4 114.4 112.8 112.1 110.3 7

 8 Commercial 322.5 420.1 523.0 649.9 644.3 638.5 628.1 619.7 613.2 606.0 598.2 8

 9 Consumer credit 571.5 609.9 661.1 683.6 680.4 684.1 673.7 650.0 633.0 627.5 617.7 9

10 Trade credit 102.6 99.8 108.3 111.7 118.4 105.2 94.7 95.5 86.1 77.7 67.8 10

11 Total liabilities 2656.1 3386.3 4185.0 4520.2 4454.5 4345.4 4241.4 4095.1 3939.0 3804.4 3652.8 11

12 Commercial paper 526.1 674.4 837.4 643.1 588.4 558.9 510.5 559.3 484.7 422.4 329.6 12

13 Corporate bonds (net) (5) 2129.9 2711.9 3347.6 3877.1 3866.1 3786.5 3730.9 3535.8 3454.3 3382.0 3323.2 13

 Memo:

 Securitized assets not included above

14 Consumer leases (3) 4.8 4.2 3.6 3.1 3.0 2.9 2.8 2.7 2.6 2.5 2.4 14

15 REIT assets (4) 89.9 107.3 110.0 92.1 72.2 66.7 59.4 50.4 46.6 43.9 42.9 15

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Receivables from operating leases, such as consumer automobile leases, are booked as current income when payments are received and are not included in financial assets (or household liabilities).

 The leased automobile is a tangible asset.

(4) Included in table L.128.

(5) Liabilities net of assets.

L.127 Finance Companies (1)

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

 1 Total financial assets 1858.0 1856.9 1891.3 1911.2 1941.0 1929.8 1909.8 1851.7 1816.2 1777.2 1733.9 1

 2 Checkable deposits and currency 26.3 17.4 15.8 16.2 17.0 16.9 16.7 16.5 17.1 17.5 17.1 2

 3 Time and savings deposits 61.3 52.2 47.4 48.6 50.9 50.7 50.0 49.4 51.2 52.5 51.3 3

 4 Credit market instruments 1675.9 1740.6 1811.6 1828.2 1846.9 1835.1 1816.9 1755.9 1703.4 1651.1 1610.4 4

 5 Corporate and foreign bonds 256.0 203.5 184.8 189.4 198.4 197.8 195.1 192.4 199.7 204.7 199.9 5

 6 Other loans and advances 451.5 479.2 498.0 523.0 542.0 563.9 557.0 539.9 516.7 493.0 474.3 6

 7 Mortgages 476.0 541.4 594.4 531.9 525.8 491.6 468.6 447.9 440.2 426.8 415.6 7

 8 Consumer credit 492.3 516.5 534.4 584.1 580.7 581.8 596.3 575.8 546.8 526.5 520.7 8

 9 Miscellaneous assets 94.5 46.7 16.4 18.2 26.2 27.1 26.2 30.0 44.4 56.1 55.1 9

10 Total liabilities 1864.3 1828.3 1876.8 1949.6 1982.9 1974.3 1950.6 1880.5 1827.6 1750.9 1698.6 10

11 Credit market instruments 1129.6 1108.6 1144.2 1279.6 1301.4 1299.3 1264.7 1200.3 1148.0 1102.2 1074.9 11

12 Open market paper 175.3 160.0 165.3 123.5 113.5 112.4 103.3 100.9 72.8 66.8 59.0 12

13 Corporate bonds 817.4 806.5 849.7 974.1 1004.5 989.3 980.5 924.5 906.8 856.6 854.3 13

14 Bank loans n.e.c. 136.9 142.1 129.2 182.0 183.4 197.6 180.9 174.9 167.2 177.5 161.7 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 1.4 0.0 15

16 Taxes payable 15.0 16.9 17.0 15.5 15.7 15.7 15.6 15.4 15.4 14.6 13.8 16

17 Miscellaneous liabilities 719.6 702.8 715.7 654.4 665.8 659.4 670.4 664.8 664.2 634.1 609.9 17

18 Foreign direct investment in U.S. 21.8 38.8 51.1 31.9 38.4 42.4 47.6 26.2 26.3 30.1 31.0 18

19 Investment by parent 257.7 312.2 338.5 321.4 328.7 319.9 324.8 313.0 303.2 285.0 279.3 19

20 Other 440.1 351.8 326.0 301.1 298.7 297.1 298.0 325.6 334.7 318.9 299.6 20

 Memo:

21 Consumer leases not included above (2) 74.1 85.3 106.0 122.9 124.9 121.9 118.5 111.1 101.8 94.0 90.2 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (3), table L.126.
82 Z.1, December 10, 2009

L.128 Real Estate Investment Trusts (REITs)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 251.3 305.3 344.0 316.7 300.7 301.0 293.3 253.9 251.9 260.3 266.4 1

 2 Checkable deposits and currency 12.2 13.6 18.4 16.6 19.4 18.0 22.2 18.4 17.5 22.1 27.9 2

 3 Credit market instruments 198.7 239.7 265.8 244.7 224.0 223.3 209.8 180.8 180.5 188.3 188.8 3

 4 Agency- and GSE-backed securities 44.7 40.6 65.4 88.9 92.3 99.3 93.2 90.5 95.3 104.0 108.5 4

 5 Corporate and foreign bonds 36.0 53.0 64.6 34.4 23.4 21.6 20.1 14.4 13.7 15.4 16.9 5

 6 Mortgages 118.1 146.1 135.8 121.3 108.3 102.4 96.6 75.9 71.5 68.9 63.4 6

 7 Home 102.9 127.4 103.7 79.2 65.9 60.3 55.1 36.7 33.7 32.8 31.5 7

 8 Multifamily residential 1.6 1.9 5.0 5.2 5.2 5.0 4.4 3.9 3.7 3.3 1.9 8

 9 Commercial 13.6 16.8 27.1 37.0 37.2 37.1 37.1 35.3 34.1 32.9 30.0 9

10 Miscellaneous assets 40.4 51.9 59.7 55.4 57.2 59.7 61.3 54.7 54.0 49.9 49.7 10

11 Total liabilities 460.8 533.7 571.3 578.7 559.0 552.8 545.1 515.2 497.3 489.1 485.9 11

12 Security RPs 70.3 83.5 97.9 91.7 89.9 91.6 89.6 80.5 83.2 85.5 93.2 12

13 Credit market instruments 340.1 395.5 411.0 421.2 403.8 397.5 389.9 372.6 364.0 352.5 347.5 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 183.8 216.7 230.6 231.3 207.7 206.8 194.8 176.2 168.3 161.0 159.4 15

16 Bank loans n.e.c. 24.9 33.3 28.4 33.2 34.2 29.5 32.4 32.9 30.9 24.2 21.3 16

17 Mortgages 131.4 145.5 152.1 156.7 161.8 161.2 162.7 163.5 164.9 167.3 166.7 17

18 Miscellaneous liabilities 50.4 54.7 62.4 65.8 65.3 63.7 65.6 62.1 50.1 51.1 45.2 18

 Memo:

19 Securitized assets included above 89.9 107.3 110.0 92.1 72.2 66.7 59.4 50.4 46.6 43.9 42.9 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 86.8 102.5 92.7 72.4 56.5 50.9 44.5 36.8 33.5 32.4 34.4 21

22 Multifamily residential mortgages 0.1 0.1 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 22

23 Commercial mortgages 3.1 4.7 17.0 19.3 15.3 15.4 14.5 13.2 12.7 11.2 8.1 23
Z.1, December 10, 2009 83

L.129 Security Brokers and Dealers

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total financial assets 1844.9 2127.1 2741.7 3092.0 3244.2 2957.9 3001.9 2217.2 1930.2 2016.9 2061.7 1

 2 Checkable deposits and currency 62.9 56.5 80.5 105.0 122.4 115.6 161.9 120.1 104.3 93.2 84.0 2

 3 Credit market instruments 394.9 477.2 583.4 803.1 864.3 691.8 820.8 717.4 594.8 600.3 542.5 3

 4 Open market paper 48.0 60.2 64.3 87.1 107.5 102.9 153.9 65.7 49.9 61.3 49.5 4

 5 Treasury securities -44.6 -64.6 -67.0 -60.0 -23.7 -93.3 -9.2 190.6 131.1 156.4 110.1 5

 6 Agency- and GSE-backed securities 107.3 101.0 138.0 290.2 298.1 311.2 350.0 242.6 222.0 177.2 146.6 6

 7 Municipal securities 32.0 42.9 50.9 50.1 66.1 51.8 61.9 38.7 38.9 38.5 42.0 7

 8 Corporate and foreign bonds 238.0 315.7 360.5 383.1 361.2 262.0 201.7 117.0 89.8 102.7 128.9 8

 9 Other loans and advances 14.2 22.0 36.7 52.5 55.1 57.2 62.3 62.7 63.0 64.1 65.4 9

10 Corporate equities 129.1 158.3 186.4 224.8 180.1 189.6 160.6 109.2 79.6 89.3 106.1 10

11 Security credit 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.5 147.9 174.1 11

12 Miscellaneous assets 994.0 1202.6 1599.4 1633.7 1712.1 1669.4 1456.2 1105.7 1017.0 1086.1 1155.0 12

13 Total liabilities 1777.8 2052.6 2669.1 3025.9 3187.1 2902.3 2962.1 2165.9 1872.6 1936.7 1980.6 13

14 Security RPs (net) 526.9 733.6 1071.8 1147.3 1196.7 971.5 751.9 586.9 419.3 482.8 450.1 14

15 Credit market instruments 62.2 62.4 68.8 64.8 120.1 85.9 276.7 142.6 102.6 102.5 104.4 15

16 Corporate bonds 62.2 62.4 68.8 64.8 80.4 84.5 76.9 97.1 82.2 97.4 104.3 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 39.7 1.5 199.7 45.5 20.4 5.1 0.0 17

18 Trade payables 36.0 43.1 48.3 45.8 43.5 39.1 34.4 21.2 47.9 54.6 66.9 18

19 Security credit 774.2 806.0 957.8 1200.9 1281.7 1273.4 1282.9 963.6 883.6 852.4 895.1 19

20 Customer credit balances (HH) 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 658.3 672.6 20

21 From banks 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 222.5 21

22 Taxes payable 2.2 2.1 2.8 2.2 2.0 2.6 2.5 2.5 2.7 4.5 6.3 22

23 Miscellaneous liabilities 376.4 405.5 519.5 564.9 543.1 529.7 613.8 449.2 416.6 439.9 458.0 23

24 Foreign direct investment in U.S. 49.6 49.9 61.0 69.2 78.1 85.7 98.0 79.9 81.2 81.6 84.6 24

25 Due to affiliates 496.8 623.6 670.0 628.4 627.6 665.4 706.9 711.9 1336.2 1337.9 1296.3 25

26 Other -170.0 -268.0 -211.4 -132.6 -162.7 -221.4 -191.2 -342.6 -1000.8 -979.7 -923.0 26

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

L.130 Funding Corporations (1)

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

 1 Total financial assets 1081.6 1244.0 1322.2 1649.1 1939.1 2070.1 2161.7 2747.6 2757.1 2545.5 2396.4 1

 2 Money market fund shares 275.6 310.6 313.0 570.0 725.6 678.3 662.8 878.7 874.1 805.8 704.7 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 3

 4 Credit market instruments 203.7 251.5 286.9 244.4 383.5 557.5 690.4 985.0 979.9 885.3 858.0 4

 5 Open market paper 99.9 173.5 209.8 53.7 95.0 151.2 110.6 294.6 238.7 150.7 98.8 5

 6 Corporate and foreign bonds 96.8 67.5 60.4 170.0 267.2 384.5 556.7 667.3 717.9 711.1 735.3 6

 7 Other loans and advances 7.0 10.6 16.8 20.6 21.3 21.8 23.1 23.1 23.2 23.5 23.8 7

 8 Miscellaneous assets (2) 602.2 681.9 722.2 834.7 830.0 834.2 808.6 883.9 903.0 854.4 833.6 8

 9 Investment in foreign banking offices 167.7 188.8 197.3 241.0 240.4 237.3 192.6 276.6 269.3 224.5 199.1 9

10 Investment in brokers and dealers 434.5 493.1 524.9 593.7 589.6 596.9 616.0 607.3 633.6 629.9 634.4 10

11 Total liabilities 1081.6 1244.0 1322.2 1649.1 1939.1 2070.1 2161.7 2747.6 2757.1 2545.5 2396.4 11

12 Credit market instruments 515.1 619.9 648.2 786.4 777.6 780.5 799.3 1252.9 1165.6 966.2 834.6 12

13 Open market paper 197.4 274.5 281.2 368.0 366.3 336.1 277.6 388.0 358.6 306.0 255.5 13

14 Corporate bonds 317.7 345.3 367.0 418.5 411.3 415.6 431.6 419.9 443.2 436.4 437.9 14

15 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 28.8 90.1 444.9 363.7 223.8 141.2 15

16 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 16

17 Miscellaneous liabilities 566.4 624.2 674.0 862.6 1161.5 1289.6 1362.4 1494.7 1591.5 1579.3 1561.8 17

18 Foreign direct investment in U.S. 7.8 8.4 9.0 10.2 10.5 10.7 10.7 11.7 12.4 13.8 15.3 18

19 Securities loaned (net) 764.8 939.7 1242.3 1240.2 1369.1 1359.7 1136.9 887.0 803.9 845.5 887.1 19

20 Other (net) -206.2 -324.0 -577.3 -387.8 -218.1 -80.8 214.9 596.0 775.2 719.9 659.3 20

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, and Federal Reserve lending facilities.

(2) Due from affiliated companies.

(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 TALF LLC.
84 Z.1, December 10, 2009

L.200 Gold and Official Foreign Exchange Holdings (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total U.S. reserves 86.8 65.1 65.9 70.6 75.8 75.7 71.8 77.6 75.0 81.5 134.3 1

 2 U.S. gold stock and SDRs 24.6 19.3 19.9 20.5 20.9 20.9 20.5 20.4 20.1 20.5 69.0 2

 3 Federal govt.: Exchange Stab. Fund 13.6 8.2 8.9 9.5 9.9 9.9 9.4 9.3 9.1 9.4 57.9 3

 4 Monetary authority (2) 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 11.0 4

 5 U.S. foreign exchange position 62.2 45.9 46.0 50.0 54.8 54.9 51.4 57.3 54.8 61.0 65.3 5

 6 Official foreign currency holdings 42.7 37.8 40.9 45.8 50.5 49.6 46.6 49.6 46.6 48.9 51.8 6

 7 Treasury 21.4 18.9 20.5 22.5 24.9 23.8 23.3 24.8 23.0 24.3 25.9 7

 8 Monetary authority 21.4 18.9 20.5 23.3 25.6 25.8 23.3 24.8 23.6 24.6 26.0 8

 9 Net IMF position 19.5 8.0 5.0 4.2 4.3 5.2 4.8 7.7 8.2 12.1 13.5 9

10 Federal government 19.6 8.1 5.2 4.4 4.4 5.4 4.8 7.8 8.3 12.2 13.5 10

11 Monetary authority -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.0 11

(1) Lines 1, 2, and 3 include increases in SDRs through allocations, which occurred at various dates beginning January 1970. Also included in the table are revaluations of

 foreign currency holdings, gold, SDRs, and IMF position. These allocations and revaluations are excluded from tables on flows.

(2) Treasury gold stock.

L.201 SDR Certificates and Treasury Currency

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

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 26.7 27.5 28.1 27.4 27.2 27.0 26.7 26.6 26.6 26.5 26.3 3

 4 Asset: Monetary authority 36.4 36.5 38.2 38.7 38.7 38.7 38.7 38.7 42.3 42.4 42.6 4

 5 Discrepancy (seigniorage) -9.7 -9.1 -10.1 -11.3 -11.5 -11.6 -11.9 -12.1 -15.7 -15.9 -16.3 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 957.0 997.8 1085.0 1349.1 1240.3 1137.0 1063.4 996.2 927.8 842.7 811.2 1

 Held by:

 2 Household sector 57.5 59.9 65.2 81.0 74.5 68.3 63.9 59.8 55.7 50.6 44.7 2

 3 Nonfinancial corporate business 53.7 60.6 49.3 50.3 53.1 20.3 28.3 30.5 22.0 38.0 40.4 3

 4 Money market mutual funds 78.5 94.7 84.1 127.3 143.8 141.4 146.0 129.3 79.7 93.1 103.6 4

 5 Discrepancy--unallocated assets 767.2 782.5 886.3 1090.5 968.9 907.1 825.2 776.5 770.4 660.9 622.5 5
Z.1, December 10, 2009 85

L.203 Net Interbank Transactions

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 212.2 201.4 190.1 89.3 33.5 141.6 518.2 1561.3 1299.6 854.7 976.8 1

 2 Monetary authority 65.6 69.1 70.4 75.8 69.6 79.2 270.0 917.7 855.5 711.7 898.9 2

 3 Depository institution reserves 24.0 19.0 18.7 20.8 24.2 33.5 222.1 860.0 805.2 660.5 848.1 3

 4 Vault cash 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 50.8 4

 5 Commercial banking 146.7 132.2 119.7 13.5 -36.1 62.4 248.2 643.5 444.0 143.0 77.9 5

 6 To monetary authority 1.0 1.0 -0.3 48.6 110.7 173.6 299.1 558.2 537.7 325.7 204.7 6

 7 To banks in foreign countries, net 118.3 106.0 96.7 -56.9 -161.4 -119.6 4.5 378.6 174.2 0.8 129.4 7

 8 Liabilities, net 142.4 117.7 108.7 -38.4 -139.1 -100.4 22.7 403.3 192.9 15.7 143.8 8

 9 U.S.-chartered commercial banks 317.4 320.9 432.3 496.2 470.6 538.4 526.9 671.4 560.3 582.8 657.9 9

10 Due to foreign affiliates 467.4 487.7 586.4 650.7 653.7 631.4 694.3 782.2 723.2 720.3 789.4 10

11 - Due from foreign affiliates 150.0 166.8 154.2 154.5 183.1 93.0 167.4 110.8 162.9 137.5 131.6 11

12 Foreign banking offices in U.S. -167.4 -176.0 -255.2 -424.0 -494.2 -541.8 -431.3 -180.0 -251.2 -439.0 -375.1 12

13 Due to foreign affiliates 274.3 333.9 524.5 529.0 523.9 472.6 473.3 536.4 515.4 455.6 539.8 13

14 - Due from foreign affiliates 441.8 509.9 779.7 953.0 1018.1 1014.5 904.6 716.3 766.6 894.5 915.0 14

15 Bank holding companies -7.5 -27.1 -68.4 -110.6 -115.5 -97.0 -72.9 -88.1 -116.3 -128.2 -138.9 15

16 Due to foreign affiliates 33.0 42.2 19.7 51.6 55.2 99.0 83.8 143.3 102.4 107.7 122.1 16

17 - Due from foreign affiliates 40.5 69.4 88.1 162.2 170.7 196.0 156.7 231.4 218.7 235.9 261.0 17

18 Less: Deposits at foreign banks 24.1 11.7 12.0 18.6 22.3 19.2 18.3 24.7 18.7 14.9 14.4 18

19 U.S. chartered commercial banks 23.6 11.0 11.9 17.9 20.0 18.3 17.6 24.5 18.4 14.6 8.9 19

20 Foreign banking offices in U.S. 0.5 0.7 0.1 0.7 2.3 0.9 0.7 0.3 0.3 0.3 5.5 20

21 To U.S. banking, net 27.4 25.2 23.3 21.8 14.6 8.5 -55.4 -293.3 -267.9 -183.5 -256.2 21

22 U.S.-chartered commercial banks -20.3 -18.4 -55.0 -23.8 -51.7 -22.3 -77.7 -258.8 -332.4 -256.9 -288.8 22

23 Liabilities 119.3 109.6 122.4 135.6 138.2 110.4 57.9 -226.9 -198.2 -111.5 -174.0 23

24 To foreign offices in U.S. 90.1 82.9 97.8 113.2 123.3 101.5 112.9 65.8 54.6 58.0 50.4 24

25 To bank holding companies 1.8 1.4 1.3 0.7 0.3 0.3 0.3 0.5 15.1 14.0 31.8 25

26 Unallocated 27.4 25.2 23.3 21.8 14.6 8.5 -55.4 -293.3 -267.9 -183.5 -256.2 26

 Less, due from:

27 Foreign offices in U.S. 122.3 117.9 140.0 133.7 171.5 139.0 114.8 82.1 72.0 92.9 78.0 27

28 Bank holding companies 17.4 10.0 37.4 25.7 18.4 -6.4 20.7 -50.1 62.2 52.4 36.9 28

29 Foreign banking offices in U.S. 32.2 35.0 42.2 20.5 48.2 37.5 1.9 16.2 17.4 35.0 27.5 29

30 Due to U.S. banks 122.3 117.9 140.0 133.7 171.5 139.0 114.8 82.1 72.0 92.9 78.0 30

31 - Due from U.S. banks 90.1 82.9 97.8 113.2 123.3 101.5 112.9 65.8 54.6 58.0 50.4 31

32 Bank holding companies 15.5 8.6 36.0 25.0 18.0 -6.7 20.4 -50.7 47.1 38.5 5.0 32

33 Due to U.S. banks 17.4 10.0 37.4 25.7 18.4 -6.4 20.7 -50.1 62.2 52.4 36.9 33

34 - Due from U.S. banks 1.8 1.4 1.3 0.7 0.3 0.3 0.3 0.5 15.1 14.0 31.8 34

35 Total assets 184.9 176.1 166.8 67.5 18.9 133.1 573.6 1854.5 1567.5 1038.2 1233.0 35

36 Rest of the world 118.3 106.0 96.7 -56.9 -161.4 -119.6 4.5 378.6 174.2 0.8 129.4 36

37 Domestic 66.5 70.1 70.1 124.4 180.3 252.8 569.1 1475.9 1393.3 1037.4 1103.6 37

38 Monetary authority 1.0 1.0 -0.3 48.6 110.7 173.6 299.1 558.2 537.7 325.7 204.7 38

39 Federal Reserve float 0.9 0.9 -0.3 -0.0 -0.6 -0.6 -1.0 -1.5 -3.1 -2.8 -2.5 39

40 Loans to member banks 0.0 0.1 0.1 48.6 111.3 174.2 300.1 559.7 540.8 328.5 207.2 40

41 Commercial banking 62.3 66.4 68.4 73.2 66.5 75.9 262.0 874.1 782.0 635.5 840.9 41

42 Reserves at Federal Reserve 20.8 16.3 16.7 18.2 21.1 30.2 214.0 816.3 731.7 584.4 790.0 42

43 Vault cash 41.5 50.1 51.7 55.0 45.4 45.7 48.0 57.7 50.3 51.1 50.8 43

44 Savings insts.: Reserves at Fed. Res. 3.3 2.7 2.0 2.6 2.5 2.7 6.5 39.0 49.0 54.0 42.5 44

45 Credit unions: Reserves at Fed. Res. 0.0 0.0 0.0 0.0 0.6 0.7 1.6 4.7 24.5 22.2 15.6 45

46 Discrepancy--floats, etc. 27.4 25.2 23.3 21.8 14.6 8.5 -55.4 -293.3 -267.9 -183.5 -256.2 46
86 Z.1, December 10, 2009

L.204 Checkable Deposits and Currency

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1522.8 1527.2 1507.3 1532.9 1521.7 1534.0 1941.9 2101.3 1966.7 2082.3 2060.4 1

 2 Monetary authority 720.8 750.8 774.3 792.1 775.9 786.3 1149.3 1220.3 1142.8 1196.6 1154.3 2

 3 Federal government cash and deposits 6.2 4.8 5.0 16.4 5.9 5.3 332.7 365.7 267.4 316.2 273.6 3

 4 Due to government-sponsored enterprises 1.1 2.0 0.8 1.7 0.1 0.1 26.2 21.1 20.9 20.0 15.9 4

 5 Deposits due to foreign 0.1 0.1 0.1 0.1 0.1 0.2 0.1 1.4 1.2 1.8 1.9 5

 6 Currency outside banks 713.3 743.9 768.5 773.9 769.8 780.7 790.3 832.2 853.4 858.6 863.0 6

 7 Commercial banking 646.7 610.3 574.4 587.7 590.3 586.8 639.1 729.1 666.6 729.4 736.0 7

 8 Federal government deposits 26.9 33.9 28.0 42.9 42.9 50.2 41.5 3.5 4.3 4.0 3.7 8

 9 Deposits due to foreign 13.2 19.7 28.8 34.1 37.2 33.5 42.7 58.9 41.1 40.5 39.1 9

10 Private domestic deposits 606.6 556.8 517.6 510.7 510.2 503.1 554.9 666.7 621.2 684.9 693.1 10

11 Savings institutions 81.2 85.0 85.9 79.4 76.7 83.9 79.0 76.6 76.4 75.9 90.6 11

12 Credit unions 74.1 81.1 72.6 73.7 78.8 77.0 74.5 75.3 80.8 80.5 79.5 12

13 Total assets 1522.8 1527.2 1507.3 1532.9 1521.7 1534.0 1941.9 2101.3 1966.7 2082.3 2060.4 13

14 Household sector 370.3 256.8 235.4 172.1 103.8 114.5 83.0 263.4 273.6 345.3 332.8 14

15 Nonfinancial business 459.9 598.5 541.5 580.4 610.1 567.2 588.5 589.6 582.8 589.9 615.1 15

16 Corporate 178.4 252.4 134.8 122.1 142.0 94.6 111.8 111.3 112.0 128.2 167.4 16

17 Nonfarm noncorporate 259.2 323.1 381.6 431.4 441.1 445.3 449.2 450.5 443.0 433.9 419.9 17

18 Farm 22.3 22.9 25.0 26.8 27.0 27.3 27.5 27.7 27.8 27.8 27.9 18

19 State and local governments 42.2 52.5 57.7 56.1 51.1 51.2 51.1 65.4 60.6 85.4 71.6 19

20 Federal government 21.9 36.8 32.9 56.5 42.9 53.8 372.2 368.0 271.9 319.1 274.8 20

21 Rest of the world 285.3 300.1 311.6 306.1 316.0 312.6 327.6 361.4 355.2 353.2 356.2 21

22 Checkable deposits 13.3 19.7 28.9 34.2 37.3 33.7 42.8 60.3 42.2 42.2 41.1 22

23 Currency 272.0 280.4 282.6 272.0 278.7 278.9 284.8 301.1 313.0 311.0 315.2 23

24 Financial sectors 312.0 261.5 316.8 348.6 380.8 423.1 509.5 439.7 411.9 377.3 399.3 24

25 Commercial banking 3.5 3.0 2.9 2.6 2.6 2.7 2.6 3.2 4.3 3.3 2.7 25

26 Savings institutions 21.3 23.7 20.4 20.0 24.0 22.1 18.7 8.7 10.2 6.3 7.9 26

27 Credit unions 40.2 38.1 44.4 43.3 60.5 47.9 36.1 37.6 36.9 32.3 37.3 27

28 Property-casualty insurance companies 25.9 21.0 29.9 42.7 41.8 40.6 43.4 27.9 26.0 33.9 35.4 28

29 Life insurance companies 53.3 47.7 56.1 58.3 63.1 71.8 73.9 82.8 70.3 65.7 64.3 29

30 Private pension funds 10.5 10.8 11.2 11.8 11.9 11.8 14.4 12.3 12.3 11.9 14.4 30

31 State and local govt. retirement funds 16.3 15.8 14.1 16.6 16.7 16.6 16.5 16.5 16.3 16.4 16.4 31

32 Money market mutual funds 0.6 -0.9 6.7 1.9 -9.9 0.5 8.8 7.5 12.7 -6.3 4.2 32

33 Government-sponsored enterprises 39.1 14.6 16.4 13.7 11.4 58.5 94.4 88.3 84.1 81.0 87.5 33

34 Finance companies 26.3 17.4 15.8 16.2 17.0 16.9 16.7 16.5 17.1 17.5 17.1 34

35 REITs 12.2 13.6 18.4 16.6 19.4 18.0 22.2 18.4 17.5 22.1 27.9 35

36 Brokers and dealers 62.9 56.5 80.5 105.0 122.4 115.6 161.9 120.1 104.3 93.2 84.0 36

37 Mail float 31.2 21.0 11.4 13.1 17.1 11.6 10.1 13.8 10.8 12.0 10.4 37
Z.1, December 10, 2009 87

L.205 Time and Savings Deposits 

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 5788.8 6387.6 6995.8 7606.7 7844.9 7834.8 7922.3 7940.9 8073.2 8088.0 8158.0 1

 2 Small time and savings deposits 4283.7 4598.1 4945.1 5224.5 5383.7 5416.2 5534.7 5749.3 5918.7 5936.9 6133.4 2

 3 Commercial banking 3258.7 3527.1 3814.7 4077.7 4194.0 4188.8 4405.7 4619.1 4753.6 4777.9 4863.2 3

 4 U.S.-chartered commercial banks 3230.2 3493.1 3770.9 4025.9 4136.4 4132.7 4355.7 4566.2 4701.5 4728.5 4810.6 4

 5 Foreign banking offices in U.S. 9.5 10.0 18.6 25.5 31.6 29.4 22.1 25.6 26.2 24.1 27.6 5

 6 Banks in U.S.-affiliated areas 19.0 23.9 25.2 26.3 26.0 26.7 28.0 27.4 25.9 25.3 25.0 6

 7 Savings institutions 584.5 618.5 647.5 638.1 657.9 686.2 589.6 578.5 582.9 568.1 677.6 7

 8 Credit unions 440.4 452.5 483.0 508.7 531.8 541.2 539.3 551.7 582.2 590.9 592.6 8

 9 Large time deposits (1) 1505.1 1789.5 2050.8 2382.2 2461.2 2418.6 2387.6 2191.6 2154.5 2151.0 2024.6 9

10 Commercial banking 1120.6 1363.7 1627.7 1925.3 1990.1 1973.3 2042.8 1827.7 1763.7 1770.0 1784.0 10

11 U.S.-chartered commercial banks 671.3 838.1 968.0 991.1 1009.9 963.1 1077.6 1015.6 976.3 915.6 865.8 11

12 Foreign banking offices in U.S. 430.3 501.7 634.5 907.9 954.2 983.6 937.2 784.7 761.5 829.2 893.3 12

13 Banks in U.S.-affiliated areas 19.0 23.9 25.2 26.3 26.0 26.7 28.0 27.4 25.9 25.3 25.0 13

14 Savings institutions 324.5 363.3 358.0 387.1 396.6 369.6 274.9 293.5 312.6 300.2 155.5 14

15 Credit unions 60.0 62.5 65.0 69.9 74.5 75.6 69.9 70.4 78.3 80.8 85.1 15

16 Total assets 5788.8 6387.6 6995.8 7606.7 7844.9 7834.8 7922.3 7940.9 8073.2 8088.0 8158.0 16

17 Household sector 4409.4 4886.4 5361.8 5837.9 6000.0 5901.0 6059.2 5996.8 6038.9 5955.1 6004.6 17

18 Nonfinancial business 718.4 801.9 880.0 851.3 820.4 877.6 869.0 846.2 838.3 861.7 908.1 18

19 Corporate 400.5 450.4 497.0 441.3 397.4 445.7 427.5 403.5 402.7 434.8 494.5 19

20 Nonfarm noncorporate 318.0 351.6 383.0 409.9 423.0 431.9 441.5 442.7 435.6 426.9 413.6 20

21 State and local governments 170.6 183.3 209.5 245.7 246.8 242.6 246.3 264.8 277.9 267.1 272.7 21

22 Federal government 2.4 1.4 1.7 2.8 3.8 1.8 2.9 1.6 1.7 1.6 1.9 22

23 Rest of the world 149.2 155.9 167.4 207.6 229.1 232.1 226.8 252.8 228.6 225.3 219.0 23

24 Financial sectors 338.8 358.7 375.5 461.4 544.7 579.7 518.2 578.7 687.8 777.0 751.7 24

25 Savings institutions 3.2 2.7 6.6 9.9 10.2 11.7 12.0 8.3 10.3 10.2 17.6 25

26 Credit unions 26.4 21.9 17.0 17.0 22.7 25.8 25.3 28.3 34.3 36.3 35.6 26

27 Private pension funds 55.9 62.2 63.1 67.7 68.8 68.8 69.7 67.9 69.6 69.3 71.3 27

28 State and local govt. retirement funds 1.4 1.3 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 28

29 Money market mutual funds 167.2 183.0 206.7 270.6 349.7 368.5 331.7 355.2 458.1 541.1 544.6 29

30 Government-sponsored enterprises 23.3 35.3 33.9 46.6 41.3 53.2 28.5 68.5 63.4 66.6 30.2 30

31 Finance companies 61.3 52.2 47.4 48.6 50.9 50.7 50.0 49.4 51.2 52.5 51.3 31

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

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

 1 Total assets 1879.8 2006.9 2312.1 3033.1 3382.5 3318.2 3355.3 3757.3 3738.7 3584.2 3363.0 1

 2 Household sector 904.1 949.2 1114.5 1346.7 1457.9 1393.7 1446.1 1581.8 1555.3 1483.8 1358.7 2

 3 Nonfinancial corporate business 324.3 366.5 432.4 564.1 619.4 651.6 647.3 685.7 697.5 687.9 700.1 3

 4 Nonfarm noncorporate business 69.2 73.9 80.5 86.6 88.9 90.2 91.6 91.9 90.4 88.5 85.7 4

 5 State and local governments 66.6 71.7 78.5 83.5 83.2 86.1 85.7 84.2 82.5 81.6 80.9 5

 6 Rest of the world 22.9 23.0 27.0 46.0 53.1 60.3 60.5 60.6 60.8 61.0 61.1 6

 7 Life insurance companies 120.7 113.6 162.3 226.6 244.0 247.0 249.8 259.8 263.5 260.7 256.6 7

 8 Private pension funds 84.9 86.7 90.1 93.5 94.1 94.8 95.3 95.7 96.1 96.2 96.3 8

 9 State and local govt. retirement funds 11.6 11.7 13.8 16.2 16.3 16.2 16.1 18.8 18.6 18.6 18.7 9

10 Funding corporations 275.6 310.6 313.0 570.0 725.6 678.3 662.8 878.7 874.1 805.8 704.7 10
88 Z.1, December 10, 2009

L.207 Federal Funds and Security Repurchase Agreements

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1418.6 1726.2 2129.2 2139.1 2141.7 1867.7 1635.3 1256.1 1061.2 1274.0 1338.0 1

 2 Monetary authority 30.8 30.5 29.6 44.0 44.1 43.8 77.9 88.4 70.6 72.7 68.9 2

 3 Commercial banking (net) 727.4 817.7 888.2 838.5 808.1 757.7 715.3 482.8 468.7 622.1 655.5 3

 4 U.S.-chartered commercial banks 569.1 626.1 647.5 611.4 592.7 560.4 535.4 352.4 362.2 483.3 515.9 4

 5 Foreign banking offices in U.S. 157.5 190.9 239.9 226.3 214.7 196.9 179.9 130.0 134.3 172.4 178.5 5

 6 Bank holding companies 0.8 0.6 0.8 0.8 0.6 0.4 -0.1 0.4 -27.8 -33.6 -38.9 6

 7 Savings institutions 63.3 61.0 41.8 17.6 3.0 3.0 0.7 17.6 19.4 10.9 70.3 7

 8 REITs 70.3 83.5 97.9 91.7 89.9 91.6 89.6 80.5 83.2 85.5 93.2 8

 9 Brokers and dealers (net) 526.9 733.6 1071.8 1147.3 1196.7 971.5 751.9 586.9 419.3 482.8 450.1 9

10 Total assets 1393.0 1610.8 2020.6 2364.8 2374.2 2238.2 2159.6 1782.5 1739.7 1595.2 1626.1 10

11 Nonfinancial corporate business 6.4 14.6 15.5 8.1 7.2 8.3 4.9 7.5 6.7 8.0 9.2 11

12 State and local governments 131.2 141.2 154.6 164.3 163.8 169.5 168.8 165.8 162.4 160.7 164.2 12

13 Rest of the world 665.1 713.3 1029.0 1109.1 1107.7 991.0 897.0 584.2 582.5 583.3 555.7 13

14 Financial sectors 590.3 741.8 821.5 1083.3 1095.5 1069.4 1088.8 1025.0 988.1 843.2 896.9 14

15 Monetary authority 33.0 46.8 40.8 46.5 76.0 114.5 83.0 80.0 0.0 0.0 0.0 15

16 Savings institutions 9.1 9.0 18.3 45.6 39.1 32.0 28.6 34.7 29.5 10.3 19.2 16

17 Credit unions (net) 4.1 6.7 5.1 2.5 3.2 1.2 -3.4 -2.3 -0.5 0.1 0.1 17

18 Property-casualty insurance companies 63.1 68.9 66.0 53.8 63.4 61.9 57.0 67.1 67.3 58.9 58.8 18

19 Private pension funds 20.6 21.6 22.4 25.8 26.5 22.2 23.0 33.1 36.8 37.8 42.0 19

20 State and local govt. retirement funds 20.2 19.7 24.0 28.3 28.5 28.3 28.1 30.7 30.5 30.6 30.7 20

21 Money market mutual funds 234.0 346.0 394.6 605.9 591.6 518.1 591.8 542.4 561.5 481.6 495.0 21

22 Mutual funds 112.6 115.4 132.8 132.2 136.0 149.6 144.1 124.7 103.6 121.6 134.7 22

23 Government-sponsored enterprises (net) 93.6 107.7 117.4 142.7 131.1 141.6 136.6 114.5 159.4 102.2 116.3 23

24 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 24

25 Discrepancy--unallocated assets 25.6 115.4 108.7 -225.8 -232.5 -370.5 -524.2 -526.3 -678.5 -321.2 -288.1 25

L.208 Open Market Paper

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

 1 Total outstanding, all types 1399.1 1644.2 1958.0 1788.6 1784.6 1748.4 1554.8 1599.3 1423.9 1278.8 1169.3 1

 2 Commercial paper 1395.0 1640.1 1957.5 1788.1 1784.2 1748.0 1554.8 1599.3 1423.9 1278.8 1169.3 2

 3 Nonfinancial corporate business 97.8 90.1 112.5 123.8 140.0 139.8 146.5 131.5 106.9 86.2 73.0 3

 4 Foreign issues in U.S. 345.3 384.0 482.3 413.0 460.3 470.6 401.1 342.0 344.8 345.7 396.6 4

 5 Nonfinancial 13.3 29.0 27.0 29.0 20.7 28.5 31.3 49.7 42.8 44.3 36.0 5

 6 Financial 332.0 355.0 455.3 384.0 439.7 442.1 369.8 292.3 302.0 301.4 360.7 6

 7 Financial business 951.9 1166.1 1362.7 1251.3 1183.9 1137.6 1007.2 1125.8 972.2 846.9 699.6 7

 8 Commercial banking 53.1 57.1 78.8 116.7 115.7 130.3 115.8 77.7 56.1 51.9 55.6 8

 9 ABS issuers 526.1 674.4 837.4 643.1 588.4 558.9 510.5 559.3 484.7 422.4 329.6 9

10 Finance companies 175.3 160.0 165.3 123.5 113.5 112.4 103.3 100.9 72.8 66.8 59.0 10

11 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 197.4 274.5 281.2 368.0 366.3 336.1 277.6 388.0 358.6 306.0 255.5 12

13 Bankers acceptances (1) 4.1 4.1 0.5 0.5 0.4 0.3 0.0 0.0 0.0 0.0 0.0 13

14 Holdings, by sector 1399.1 1644.2 1958.0 1788.6 1784.6 1748.4 1554.8 1599.3 1423.9 1278.8 1169.3 14

15 Household sector 136.1 164.2 187.7 149.7 117.5 82.7 39.1 10.4 7.3 8.9 8.5 15

16 Nonfinancial corporate business 95.0 111.0 122.7 69.5 23.7 22.3 9.5 10.2 10.7 17.2 16.0 16

17 State and local governments 171.7 184.8 202.4 195.2 189.4 183.9 176.0 167.1 152.6 139.9 122.5 17

18 Rest of the world 229.8 239.6 287.6 278.1 280.8 276.8 253.3 232.9 220.4 201.0 195.2 18

19 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Commercial banking (1) 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 0.1 20

21 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Credit unions 0.8 0.8 1.0 0.4 2.7 0.7 0.0 0.0 0.0 0.0 0.0 22

23 Life insurance companies 48.2 40.2 53.1 61.4 69.0 65.8 56.2 54.7 46.9 37.2 35.1 23

24 Private pension funds 28.5 31.5 31.7 26.9 28.6 29.0 20.9 37.2 37.6 38.1 31.5 24

25 State and local govt. retirement funds 35.2 35.2 42.6 50.3 50.6 50.3 44.6 33.9 33.6 31.2 26.5 25

26 Money market mutual funds 405.8 492.2 608.3 674.6 662.3 642.2 494.8 618.5 578.7 522.1 513.6 26

27 Mutual funds 94.2 97.1 114.5 114.1 117.7 131.2 89.0 51.6 31.8 49.3 62.4 27

28 Government-sponsored enterprises 5.8 13.8 32.4 27.7 39.8 9.3 6.8 6.8 11.2 12.0 9.7 28

29 Brokers and dealers 48.0 60.2 64.3 87.1 107.5 102.9 153.9 65.7 49.9 61.3 49.5 29

30 Funding corporations 99.9 173.5 209.8 53.7 95.0 151.2 110.6 294.6 238.7 150.7 98.8 30

(1) Excludes banks’ holdings of own acceptances.
Z.1, December 10, 2009 89

L.209 Treasury Securities

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 7520.8 1

 2 Savings bonds 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 192.4 2

 3 Other Treasury issues 4166.3 4472.9 4659.4 4902.8 5103.8 5055.7 5583.4 6144.2 6610.5 6949.6 7328.4 3

 4 Total assets 4370.7 4678.0 4861.7 5099.2 5299.1 5250.6 5777.5 6338.2 6804.4 7143.1 7520.8 4

 5 Household sector 532.2 507.6 433.3 257.9 332.2 385.0 429.8 272.9 607.3 633.6 801.6 5

 6 Savings bonds 204.4 205.1 202.4 196.4 195.3 194.9 194.2 194.0 193.9 193.5 192.4 6

 7 Other Treasury issues 327.8 302.5 231.0 61.5 136.9 190.1 235.6 78.9 413.4 440.1 609.2 7

 8 Nonfinancial corporate business 33.1 50.7 44.3 38.3 25.8 27.2 24.2 27.0 36.6 41.9 42.8 8

 9 Nonfarm noncorporate business 50.2 56.2 56.3 59.3 60.9 61.9 62.8 63.0 62.0 60.7 58.8 9

10 State and local governments 389.1 481.4 516.9 531.5 521.6 513.4 499.3 483.1 477.9 488.4 502.5 10

11 Rest of the world 1813.6 1984.4 2126.2 2376.4 2498.5 2593.7 2790.2 3210.6 3382.7 3483.4 3583.9 11

12 Monetary authority 717.8 744.2 778.9 740.6 591.2 478.8 476.6 475.9 492.3 656.5 769.2 12

13 Commercial banking 107.8 97.0 94.9 112.3 109.7 97.5 117.2 93.2 117.1 123.7 179.2 13

14 U.S.-chartered commercial banks 74.2 64.2 61.9 73.0 64.1 49.5 71.5 53.4 71.0 82.7 119.0 14

15 Foreign banking offices in U.S. 27.7 27.8 26.8 30.4 37.9 35.0 30.8 35.5 44.7 33.2 55.3 15

16 Bank holding companies 2.0 1.1 2.5 7.1 6.3 11.8 13.7 3.1 0.6 7.0 4.2 16

17 Banks in U.S.-affiliated areas 3.8 3.9 3.7 1.8 1.4 1.2 1.2 1.2 0.8 0.8 0.8 17

18 Savings institutions 8.4 12.3 12.4 7.0 6.0 4.9 2.9 2.9 3.6 4.6 6.0 18

19 Credit unions 8.9 7.7 7.4 10.4 9.6 10.2 9.9 8.8 8.3 12.6 13.8 19

20 Property-casualty insurance companies 71.3 69.2 75.8 55.1 55.1 55.1 54.8 54.8 54.8 55.5 55.8 20

21 Life insurance companies 78.5 91.2 83.2 68.3 74.4 80.4 85.8 105.7 124.9 134.2 140.4 21

22 Private pension funds 113.0 116.5 130.8 169.5 173.9 177.9 186.6 184.9 189.3 195.6 207.1 22

23 State and local govt. retirement funds 151.0 153.8 157.1 168.8 169.4 169.1 171.6 174.6 173.2 172.7 176.7 23

24 Federal government retirement funds 60.7 68.4 76.7 88.0 96.6 98.9 105.9 112.3 116.7 116.9 117.5 24

25 Money market mutual funds 98.2 88.6 82.7 178.1 296.3 283.7 460.0 577.7 519.7 489.1 426.4 25

26 Mutual funds 149.0 155.7 160.7 179.2 182.7 188.3 191.3 187.9 193.0 202.2 212.7 26

27 Closed-end funds 6.8 7.1 7.4 5.6 5.4 5.2 4.7 3.2 3.3 3.7 3.9 27

28 Exchange-traded funds 4.9 9.7 13.1 19.7 21.0 22.6 26.6 27.0 31.6 35.6 38.6 28

29 Government-sponsored enterprises 12.9 13.1 14.2 15.5 15.7 16.1 16.4 16.8 17.6 19.3 21.5 29

30 ABS issuers 8.0 27.7 56.4 77.5 76.8 73.9 70.0 65.1 61.4 56.6 52.4 30

31 Brokers and dealers -44.6 -64.6 -67.0 -60.0 -23.7 -93.3 -9.2 190.6 131.1 156.4 110.1 31

 Memo:

32 Federal government debt (1) 4395.0 4701.9 4885.3 5122.3 5322.6 5274.1 5800.6 6361.5 6826.9 7165.3 7544.0 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 12).
90 Z.1, December 10, 2009

L.210 Agency- and GSE-backed Securities (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 6075.2 6158.0 6488.6 7396.9 7563.0 7885.1 8067.7 8166.1 8182.7 8143.6 8123.4 1

 2 Budget agencies 24.3 23.8 23.5 23.1 23.5 23.5 23.1 23.3 22.5 22.3 23.2 2

 3 Government-sponsored enterprises 2676.3 2592.2 2627.8 2910.2 2938.1 3102.1 3152.7 3181.9 3118.3 2948.1 2800.5 3

 4 Agency- and GSE-backed mortgage pools 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 4

 5 Total assets 6075.2 6158.0 6488.6 7396.9 7563.0 7885.1 8067.7 8166.1 8182.7 8143.6 8123.4 5

 6 Household sector 390.0 488.2 409.9 690.2 648.6 665.3 840.2 730.3 460.2 135.6 68.0 6

 7 Nonfinancial corporate business 12.2 18.8 16.4 12.8 8.6 9.1 8.1 9.0 5.5 10.6 10.9 7

 8 State and local governments 373.2 401.6 439.9 454.6 451.0 447.2 435.3 426.7 416.9 392.2 372.7 8

 9 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 3.3 54.4 111.4 164.7 195.6 9

10 Rest of the world 875.2 1012.9 1262.3 1582.4 1606.1 1631.1 1535.7 1429.2 1370.1 1361.5 1318.9 10

11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 14.5 19.7 287.0 559.1 823.5 11

12 Commercial banking 1095.1 1089.6 1135.6 1022.3 1016.2 1095.7 1080.0 1169.4 1175.4 1221.3 1185.8 12

13 U.S.-chartered commercial banks 996.1 992.7 1040.3 928.9 923.2 985.7 991.3 1068.7 1085.4 1136.8 1106.5 13

14 Foreign banking offices in U.S. 51.8 50.9 55.1 57.1 54.4 53.9 44.7 50.5 45.6 38.7 35.2 14

15 Bank holding companies 13.5 11.2 11.2 9.9 13.0 28.3 16.6 25.8 21.6 22.4 22.3 15

16 Banks in U.S.-affiliated areas 33.6 34.8 29.0 26.3 25.7 27.8 27.4 24.4 22.8 23.5 21.8 16

17 Savings institutions 136.4 192.3 169.3 168.6 165.6 170.0 163.5 167.9 175.9 179.4 188.7 17

18 Credit unions 93.1 86.4 72.5 68.4 73.5 80.8 82.4 82.9 92.5 102.5 103.9 18

19 Property-casualty insurance companies 112.1 117.9 122.0 125.8 123.0 120.5 117.0 114.3 111.8 111.7 112.3 19

20 Life insurance companies 357.1 368.5 377.4 382.9 381.4 379.1 373.6 366.2 360.5 359.8 356.5 20

21 Private pension funds 235.3 252.0 268.6 296.8 300.4 302.0 310.3 318.1 325.6 320.9 313.0 21

22 State and local govt. retirement funds 258.8 258.4 310.8 334.1 335.1 334.6 337.1 340.5 337.8 337.0 334.7 22

23 Federal government retirement funds 4.6 4.6 4.7 5.0 6.0 5.8 5.8 5.1 5.0 5.0 5.4 23

24 Money market mutual funds 267.5 160.1 131.4 235.9 388.9 424.9 518.4 756.2 776.3 733.2 635.2 24

25 Mutual funds 462.7 483.4 499.1 565.4 576.3 594.0 603.4 592.7 588.1 616.9 649.7 25

26 Government-sponsored enterprises 886.5 751.1 714.0 702.9 728.4 854.3 836.7 910.0 954.0 949.0 919.4 26

27 ABS issuers 363.4 330.5 351.3 369.8 363.5 360.2 359.2 340.4 311.3 302.0 274.0 27

28 REITs 44.7 40.6 65.4 88.9 92.3 99.3 93.2 90.5 95.3 104.0 108.5 28

29 Brokers and dealers 107.3 101.0 138.0 290.2 298.1 311.2 350.0 242.6 222.0 177.2 146.6 29

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 32.
Z.1, December 10, 2009 91

L.211 Municipal Securities and Loans

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 2031.0 2225.9 2403.3 2618.9 2644.1 2666.6 2673.0 2684.3 2716.0 2751.6 2772.9 1

 2 State and local governments 1673.0 1844.1 1994.7 2179.9 2202.2 2214.2 2216.8 2222.4 2249.8 2275.0 2288.4 2

 3 Short-term (1) 100.2 105.9 102.8 120.1 120.9 114.5 121.9 132.1 132.6 121.6 135.0 3

 4 Long-term 1572.8 1738.2 1891.9 2059.8 2081.3 2099.7 2094.9 2090.3 2117.2 2153.5 2153.5 4

 5 Nonprofit organizations (2) 188.6 205.1 226.9 249.5 252.3 261.4 265.0 269.3 273.4 282.3 288.3 5

 6 Nonfinancial corporate business 169.4 176.7 181.7 189.5 189.6 191.0 191.2 192.6 192.8 194.2 196.1 6

 (industrial revenue bonds)

 7 Total assets 2031.0 2225.9 2403.3 2618.9 2644.1 2666.6 2673.0 2684.3 2716.0 2751.6 2772.9 7

 8 Household sector 742.4 821.0 871.8 896.9 882.7 894.1 909.6 937.0 950.7 969.5 979.5 8

 9 Nonfinancial corporate business 31.8 32.1 28.1 29.2 7.8 5.3 6.0 5.0 14.3 13.9 16.9 9

10 Nonfarm noncorporate business 4.3 4.4 5.8 5.3 5.4 5.5 5.6 5.6 5.5 5.4 5.2 10

11 State and local governments 4.7 5.0 5.5 5.8 5.8 6.0 6.0 5.9 5.8 5.7 5.8 11

12 Rest of the world 26.0 29.0 34.4 45.1 48.2 51.4 38.0 41.0 40.0 45.6 53.5 12

13 Commercial banking 140.8 157.7 180.2 192.9 203.7 203.6 224.1 216.7 214.8 219.7 218.0 13

14 Savings institutions 7.4 9.0 11.1 11.0 10.5 11.1 8.5 8.4 8.6 9.3 9.8 14

15 Property-casualty insurance companies 267.8 313.2 335.2 371.3 374.4 378.1 378.9 381.9 384.6 391.9 394.1 15

16 Life insurance companies 30.1 32.5 36.6 41.4 43.2 44.8 46.1 47.1 49.0 49.4 50.0 16

17 State and local govt. retirement funds 1.8 1.7 3.6 1.9 1.2 1.2 1.2 1.1 1.1 1.1 1.1 17

18 Money market mutual funds 313.8 336.8 370.3 471.0 491.8 500.3 472.8 494.6 482.7 455.8 420.6 18

19 Mutual funds 294.3 311.7 344.4 372.2 380.1 393.4 399.1 389.6 406.8 430.7 460.0 19

20 Closed-end funds 89.1 89.4 89.4 91.0 88.9 86.5 82.2 78.2 79.3 80.5 81.5 20

21 Exchange-traded funds 0.0 0.0 0.0 0.6 1.1 1.5 1.8 2.3 3.1 4.0 5.1 21

22 Government-sponsored enterprises 44.6 39.7 36.1 33.3 33.1 32.0 31.3 31.3 30.9 30.4 29.7 22

23 Brokers and dealers 32.0 42.9 50.9 50.1 66.1 51.8 61.9 38.7 38.9 38.5 42.0 23

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).

L.212 Corporate and Foreign Bonds

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

 1 Total liabilities 7916.7 8689.2 9967.7 11411.0 11516.0 11593.1 11425.8 11130.3 11603.3 11641.8 11686.9 1

 2 Nonfinancial corporate business 2975.5 3032.2 3247.8 3558.9 3604.2 3692.9 3716.0 3763.5 3908.3 4007.3 4072.8 2

 3 Rest of the world (1) 985.0 1011.6 1275.5 1587.1 1607.1 1625.4 1559.9 1392.9 1427.3 1482.5 1507.2 3

 4 Financial sectors 3956.2 4645.5 5444.5 6265.0 6304.7 6274.8 6149.8 5973.9 6267.7 6152.1 6106.9 4

 5 Commercial banking 437.4 494.1 570.1 688.7 723.9 781.2 732.6 818.0 1211.0 1216.4 1225.4 5

 6 Savings institutions 7.6 8.7 10.7 10.4 10.7 10.9 2.4 2.4 2.0 2.2 2.3 6

 7 ABS issuers (net) (3) 2129.9 2711.9 3347.6 3877.1 3866.1 3786.5 3730.9 3535.8 3454.3 3382.0 3323.2 7

 8 Finance companies 817.4 806.5 849.7 974.1 1004.5 989.3 980.5 924.5 906.8 856.6 854.3 8

 9 REITs 183.8 216.7 230.6 231.3 207.7 206.8 194.8 176.2 168.3 161.0 159.4 9

10 Brokers and dealers 62.2 62.4 68.8 64.8 80.4 84.5 76.9 97.1 82.2 97.4 104.3 10

11 Funding corporations 317.7 345.3 367.0 418.5 411.3 415.6 431.6 419.9 443.2 436.4 437.9 11

12 Total assets 7916.7 8689.2 9967.7 11411.0 11516.0 11593.1 11425.8 11130.3 11603.3 11641.8 11686.9 12

13 Household sector 1135.6 1294.1 1518.1 2002.2 1971.8 1972.7 1899.2 1971.9 2380.8 2371.5 2371.7 13

14 State and local governments 118.2 127.2 139.4 148.1 147.6 147.8 152.2 149.5 146.4 139.9 148.0 14

15 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.5 15

16 Rest of the world (2) 1558.9 1762.9 2320.8 2719.1 2718.0 2786.1 2762.6 2472.7 2461.1 2433.6 2399.6 16

17 Commercial banking 563.6 687.0 780.3 978.2 992.0 964.6 956.0 979.9 957.4 939.0 947.3 17

18 Savings institutions 59.2 80.2 89.4 138.5 139.8 139.3 114.1 104.5 112.8 103.8 101.2 18

19 Credit unions 25.0 23.5 30.6 34.6 32.9 32.3 29.7 25.7 17.6 18.0 17.9 19

20 Property-casualty insurance companies 245.3 262.8 277.0 282.9 279.3 276.2 271.0 267.5 267.6 271.1 272.6 20

21 Life insurance companies 1756.3 1824.8 1822.8 1862.8 1867.2 1868.0 1846.8 1818.9 1862.0 1887.0 1908.3 21

22 Private pension funds 267.8 290.0 317.6 357.3 362.2 376.7 385.7 400.1 408.9 414.1 419.0 22

23 State and local govt. retirement funds 213.5 227.9 296.9 287.8 288.5 288.2 287.3 288.6 286.5 286.2 287.3 23

24 Federal government retirement funds 3.0 2.9 2.9 3.0 3.6 3.4 3.4 2.9 2.8 2.8 3.0 24

25 Money market mutual funds 261.0 263.2 368.3 376.8 398.2 381.7 286.0 228.0 217.8 217.9 168.1 25

26 Mutual funds 596.8 662.7 768.9 890.5 916.1 964.3 968.7 965.1 1010.3 1046.2 1075.3 26

27 Closed-end funds 67.6 69.3 75.1 74.0 70.9 67.7 61.9 49.5 48.5 51.2 53.6 27

28 Exchange-traded funds 3.3 5.3 7.6 13.8 16.8 20.4 23.1 27.7 34.3 41.0 47.8 28

29 Government-sponsored enterprises 414.8 465.7 481.7 464.4 460.8 437.6 404.6 386.6 367.4 384.3 384.9 29

30 Finance companies 256.0 203.5 184.8 189.4 198.4 197.8 195.1 192.4 199.7 204.7 199.9 30

31 REITs 36.0 53.0 64.6 34.4 23.4 21.6 20.1 14.4 13.7 15.4 16.9 31

32 Brokers and dealers 238.0 315.7 360.5 383.1 361.2 262.0 201.7 117.0 89.8 102.7 128.9 32

33 Funding corporations 96.8 67.5 60.4 170.0 267.2 384.5 556.7 667.3 717.9 711.1 735.3 33

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
92 Z.1, December 10, 2009

L.213 Corporate Equities (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Issues at market value 18940.1 20636.1 24326.4 25559.8 23288.3 22779.0 20137.6 15773.5 13929.9 16631.2 19468.7 1

 2 Nonfinancial corporate business 12088.6 12686.6 14592.9 15542.8 14237.1 14242.9 12641.3 9975.0 8934.4 10374.1 12081.3 2

 3 Rest of the world (2) 2560.4 3317.7 4329.0 5248.0 4799.8 4760.3 3703.6 2851.4 2552.0 3265.6 3940.9 3

 4 Financial corporations 4291.1 4631.9 5404.5 4769.0 4251.5 3775.8 3792.7 2947.1 2443.5 2991.5 3446.5 4

 5 Holdings at market value 18940.1 20636.1 24326.4 25559.8 23288.3 22779.0 20137.6 15773.5 13929.9 16631.2 19468.7 5

 6 Household sector 7483.9 7993.0 9480.6 9447.4 8757.2 8444.2 7419.0 5851.7 5120.4 6325.2 7388.3 6

 7 State and local governments 90.0 96.8 106.0 112.7 112.3 116.2 115.8 98.7 96.4 95.2 97.6 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 188.7 219.8 151.5 156.7 8

 9 Rest of the world (3) 1904.6 2039.1 2448.1 2812.2 2595.3 2551.7 2329.7 1775.0 1566.1 1855.7 2207.0 9

10 Commercial banking 20.3 24.1 35.3 41.5 33.7 32.6 23.2 6.7 4.5 10.5 20.5 10

11 Savings institutions 28.2 26.2 24.9 25.3 25.7 25.8 25.6 22.7 21.6 24.1 24.6 11

12 Property-casualty insurance companies 196.6 199.5 227.0 236.2 215.7 212.5 209.5 193.3 164.6 187.6 217.5 12

13 Life insurance companies 1053.9 1161.8 1364.8 1464.6 1332.8 1325.2 1229.5 1001.7 892.7 1013.6 1155.3 13

14 Private pension funds 2338.5 2541.7 2874.8 2863.3 2543.5 2459.7 2190.5 1664.7 1455.7 1658.3 1878.8 14

15 State and local govt. retirement funds 1600.9 1715.8 1926.3 1985.9 1776.8 1747.0 1582.1 1211.8 1083.8 1259.1 1456.8 15

16 Federal government retirement funds 99.2 112.6 138.1 149.1 128.4 127.6 111.1 85.6 74.7 92.5 110.4 16

17 Mutual funds 3693.6 4175.7 4989.6 5476.9 4923.6 4888.8 4110.3 3014.1 2668.3 3282.0 3963.8 17

18 Closed-end funds 82.3 105.6 122.5 146.2 132.7 125.4 101.8 75.7 69.1 78.7 87.9 18

19 Exchange-traded funds 219.0 285.8 402.0 573.7 530.6 532.8 528.7 473.9 412.8 507.9 597.5 19

20 Brokers and dealers 129.1 158.3 186.4 224.8 180.1 189.6 160.6 109.2 79.6 89.3 106.1 20

 Memo:

21 Market value of domestic corporations (4) 15704.1 16518.8 18999.4 19064.2 17370.1 16900.0 15384.4 12040.6 10625.8 12467.5 14473.8 21

(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 10, 11, 12, 18, 19, and 20; 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 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5856.9 6667.4 1

 2 Holdings at market value 5436.3 6048.9 7068.3 7829.0 7336.4 7412.3 6614.3 5435.3 5107.8 5856.9 6667.4 2

 3 Household sector 3417.4 3839.3 4387.6 4832.0 4575.2 4663.9 4107.5 3442.5 3257.2 3710.5 4205.8 3

 4 Nonfinancial corporate business 140.5 156.3 204.1 217.5 200.2 196.7 175.4 143.3 132.9 145.8 160.2 4

 5 State and local governments 27.5 29.6 32.5 34.5 34.4 35.6 35.4 29.8 29.1 38.7 39.5 5

 6 Rest of the world 195.8 242.0 316.8 373.5 352.0 357.3 318.8 262.0 246.2 282.3 321.4 6

 7 Commercial banking 18.1 17.4 24.5 29.6 26.4 25.5 20.0 19.6 33.5 36.0 30.7 7

 8 Credit unions 3.1 2.2 2.1 2.1 2.4 2.4 2.0 2.0 1.8 1.8 1.5 8

 9 Property-casualty insurance companies 5.2 5.7 6.9 6.8 6.3 6.3 5.6 4.4 4.2 4.6 5.0 9

10 Life insurance companies 114.4 109.0 148.8 188.4 175.0 174.9 154.6 121.0 113.7 123.8 136.4 10

11 Private pension funds 1278.2 1399.0 1657.6 1848.3 1699.1 1688.9 1558.8 1229.5 1127.3 1325.2 1549.4 11

12 State and local govt. retirement funds 235.9 248.4 287.5 296.4 265.2 260.7 236.1 181.1 162.0 188.1 217.5 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
Z.1, December 10, 2009 93

L.215 Bank Loans Not Elsewhere Classified

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Total loans by commercial

 1 banking, flow of funds basis 4905.9 5473.7 6151.2 6809.8 6880.0 6891.8 7301.9 7187.0 7049.1 6968.8 6714.8 1

 - Loans elsewhere classified:

 2 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 100.0 15.7 4.5 9.8 0.1 2

 3 Mortgages 2595.6 2958.0 3403.1 3644.4 3684.5 3660.7 3853.4 3841.4 3853.3 3897.6 3795.5 3

 4 Consumer credit 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 832.7 4

 5 Security credit 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 222.5 5

 6 = Banking sector total bank loans n.e.c. 1410.1 1577.9 1704.8 2026.9 2102.0 2136.7 2220.1 2230.3 2124.0 2029.4 1864.0 6

 7 U.S.-chartered commercial banks 1150.5 1249.3 1312.2 1532.9 1590.2 1622.1 1687.0 1670.8 1580.7 1523.3 1395.0 7

 8 Foreign banking offices in U.S. 234.0 294.7 361.8 466.8 484.9 486.9 506.3 531.9 506.3 470.9 432.6 8

 9 Bank holding companies 5.3 8.1 5.1 5.8 5.4 6.6 5.9 7.9 17.3 16.6 16.8 9

10 Banks in U.S.-affiliated areas 20.3 25.9 25.6 21.4 21.4 21.1 20.9 19.7 19.7 18.6 19.6 10

11 + Loans from Federal Reserve banks 0.0 0.0 0.0 0.0 39.7 30.3 289.8 490.4 388.8 253.9 183.9 11

12 = Total bank loans n.e.c. 1410.1 1577.9 1704.8 2026.9 2141.8 2167.0 2509.9 2720.7 2512.8 2283.3 2048.0 12

13 Total liabilities 1410.1 1577.9 1704.8 2026.9 2141.8 2167.0 2509.9 2720.7 2512.8 2283.3 2048.0 13

14 Nonfinancial sectors 1160.4 1309.4 1498.5 1749.7 1822.2 1844.5 1936.2 1947.5 1863.2 1790.8 1712.5 14

15 Households 26.7 36.4 86.4 99.7 104.9 89.2 121.4 117.7 104.0 118.3 136.5 15

16 Corporate business 548.1 516.7 534.1 634.0 658.3 674.8 697.2 705.0 679.3 643.6 604.2 16

17 Nonfarm noncorporate business 468.0 621.9 726.6 857.7 894.7 914.1 944.5 958.2 921.7 870.0 813.3 17

18 Farm business 47.7 49.9 53.2 55.5 52.7 57.0 58.3 58.7 55.0 57.2 58.9 18

19 Rest of the world 69.9 84.4 98.3 102.8 111.7 109.4 114.8 107.9 103.1 101.6 99.6 19

20 Foreign official institutions 5.5 2.6 1.9 1.9 2.0 3.1 2.3 2.6 2.6 2.9 3.4 20

21 Foreign banks 13.4 18.1 21.9 30.2 37.8 36.8 40.8 33.0 29.3 26.7 27.9 21

22 Other foreign 51.0 63.7 74.4 70.8 71.9 69.5 71.6 72.4 71.3 72.0 68.3 22

23 Financial sectors 249.7 268.6 206.2 277.1 319.6 322.5 573.7 773.2 649.6 492.5 335.4 23

24 Savings institutions 87.9 93.1 48.6 62.0 62.3 65.1 70.6 75.0 67.5 62.0 11.3 24

25 Finance companies 136.9 142.1 129.2 182.0 183.4 197.6 180.9 174.9 167.2 177.5 161.7 25

26 REITs 24.9 33.3 28.4 33.2 34.2 29.5 32.4 32.9 30.9 24.2 21.3 26

27 Brokers and dealers 0.0 0.0 0.0 0.0 39.7 1.5 199.7 45.5 20.4 5.1 0.0 27

28 Funding corporations 0.0 0.0 0.0 0.0 0.0 28.8 90.1 444.9 363.7 223.8 141.2 28
94 Z.1, December 10, 2009

L.216 Other Loans and Advances

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total other loans and advances 1736.0 1895.8 2048.8 2589.8 2642.9 2684.4 2788.9 2661.9 2539.5 2462.1 2381.2 1

 2 U.S. government loans 113.7 106.7 107.3 105.2 104.8 105.8 106.2 111.3 126.0 150.0 173.8 2

 3 Liab.: Household sector 12.2 11.5 12.9 12.5 12.3 13.0 12.9 12.8 12.8 12.7 12.6 3

 4 Nonfinancial corporate business 8.4 9.2 10.4 10.2 10.3 10.4 10.1 14.5 27.3 49.8 74.1 4

 5 Nonfarm noncorporate business 40.8 37.9 42.7 43.8 43.9 44.3 45.2 46.0 47.0 47.8 48.2 5

 6 Farm business 4.0 3.8 3.7 3.7 3.6 3.7 3.8 3.7 3.7 3.8 4.1 6

 7 State and local governments 10.0 10.6 11.2 11.9 12.0 12.2 12.5 12.7 12.9 13.1 13.2 7

 8 Rest of the world 38.3 33.7 26.4 23.1 22.7 22.2 21.9 21.6 21.2 21.4 21.4 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 1.4 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 11

12 Foreign loans to U.S. corporate business 131.2 162.5 168.8 271.5 250.7 240.5 226.5 204.3 198.8 196.1 182.8 12

13 Liab.: Nonfinancial corporate business 131.2 162.5 168.8 271.5 250.7 240.5 226.5 204.3 198.8 196.1 182.8 13

 Customers’ liability on acceptances

14 outstanding (bank asset) 4.0 4.0 0.4 0.5 0.3 0.3 0.0 0.0 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 3.8 3.8 0.3 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 15

16 Rest of the world 0.3 0.2 0.2 0.3 0.2 0.2 0.0 0.0 0.0 0.0 0.0 16

17 Savings institution loans to business 57.6 61.5 67.5 73.7 78.0 76.1 74.0 80.1 80.7 76.7 68.0 17

18 Liab.: Nonfinancial corporate business 28.8 30.7 33.7 36.9 39.0 38.1 37.0 40.0 40.4 38.3 34.0 18

19 Nonfarm noncorporate business 28.8 30.7 33.7 36.9 39.0 38.1 37.0 40.0 40.4 38.3 34.0 19

20 Credit unions loans to business 24.9 25.9 26.8 26.9 26.2 28.0 30.1 29.4 31.4 32.2 32.5 20

21 Liab.: Nonfinancial corporate business 12.5 13.0 13.4 13.4 13.1 14.0 15.1 14.7 15.7 16.1 16.3 21

22 Nonfarm noncorporate business 12.5 13.0 13.4 13.4 13.1 14.0 15.1 14.7 15.7 16.1 16.3 22

23 Policy loans (Household liability) 106.8 107.6 110.9 114.5 115.7 116.8 117.9 120.4 120.8 121.3 120.5 23

24 Asset: Federal government 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 24

25 Life insurance companies 106.1 106.9 110.2 113.9 115.1 116.2 117.3 119.8 120.2 120.7 120.0 25

26 Government-sponsored enterprise loans (1) 619.4 671.8 704.9 942.6 977.1 993.6 1083.2 980.7 873.0 800.8 736.8 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 Noncorporate business (FCS) 18.1 20.0 24.2 28.5 45.7 49.5 51.7 53.4 52.3 54.2 55.6 28

29 Farm business (FCS) 25.5 31.6 39.3 47.0 35.6 37.6 28.1 26.9 27.8 26.1 22.5 29

30 Commercial banks (FHLB and SLMA) 244.1 268.5 348.5 455.2 472.9 482.4 612.1 526.3 457.8 452.5 404.1 30

31 Savings institutions (FHLB and SLMA) 309.3 325.5 259.8 350.9 363.3 355.3 304.9 278.7 252.4 189.0 178.8 31

32 Credit unions (FHLB) 11.4 14.7 18.9 32.3 28.5 35.4 43.5 40.6 30.3 28.5 28.3 32

33 Life insurance companies (FHLB) 11.1 11.5 14.2 28.7 31.1 33.4 42.9 54.9 52.5 50.5 47.5 33

34 Securitized loans held by ABS issuers 105.3 88.5 89.4 81.2 78.0 73.8 71.1 70.4 64.2 56.4 46.9 34

35 Liab.: Nonfinancial corporate business 105.3 88.5 89.4 81.2 78.0 73.8 71.1 70.4 64.2 56.4 46.9 35

36 Finance company loans to business 451.5 479.2 498.0 523.0 542.0 563.9 557.0 539.9 516.7 493.0 474.3 36

37 Liab.: Nonfinancial corporate business 406.4 431.3 448.2 470.7 487.8 507.5 501.3 485.9 465.0 443.7 426.8 37

38 Nonfarm noncorporate business 45.2 47.9 49.8 52.3 54.2 56.4 55.7 54.0 51.7 49.3 47.4 38

39 Loans to nonfinancial corporate business (2) 121.5 188.1 274.6 450.8 470.0 485.6 522.9 525.6 528.1 535.6 545.6 39

40 Asset: Household sector 5.9 8.7 8.3 17.4 20.1 22.3 27.5 27.9 28.2 29.3 30.7 40

41 Life insurance companies 11.7 15.9 19.1 31.7 35.0 37.6 43.9 44.4 44.8 46.1 47.8 41

42 Mutual funds 26.0 36.5 44.4 81.9 83.8 85.4 89.3 89.6 89.8 90.6 91.6 42

43 ABS issuers 56.7 94.5 149.3 246.6 254.7 261.2 276.8 277.9 278.9 282.1 286.3 43

44 Brokers and dealers 14.2 22.0 36.7 52.5 55.1 57.2 62.3 62.7 63.0 64.1 65.4 44

45 Funding corporations 7.0 10.6 16.8 20.6 21.3 21.8 23.1 23.1 23.2 23.5 23.8 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, December 10, 2009 95

L.217 Total Mortgages

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total mortgages 10627.4 12065.1 13458.4 14529.0 14661.5 14699.8 14684.8 14616.0 14598.1 14537.4 14418.7 1

 2 Home 8248.4 9357.0 10416.8 11112.5 11180.3 11160.3 11107.8 11005.3 10991.7 10942.8 10851.9 2

 3 Multifamily residential 617.5 688.2 743.6 844.3 863.1 880.5 900.4 909.9 911.0 912.9 911.7 3

 4 Commercial 1665.9 1915.1 2189.9 2459.6 2501.0 2537.4 2550.4 2570.2 2564.3 2550.0 2522.9 4

 5 Farm 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 131.2 131.7 132.3 5

 6 Total liabilities 10627.4 12065.1 13458.4 14529.0 14661.5 14699.8 14684.8 14616.0 14598.1 14537.4 14418.7 6

 7 Household sector 7994.7 9036.3 10040.6 10725.8 10798.9 10796.5 10762.1 10683.6 10679.9 10643.1 10570.4 7

 8 Nonfinancial business 2501.3 2883.4 3265.8 3646.5 3700.8 3742.1 3760.0 3768.9 3753.3 3727.0 3681.6 8

 9 Corporate 563.6 763.1 852.6 916.1 929.0 942.3 942.0 952.0 947.3 942.3 928.6 9

10 Nonfarm noncorporate 1842.1 2015.5 2305.1 2617.7 2654.7 2678.2 2691.9 2686.3 2674.8 2653.0 2620.7 10

11 Farm 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 131.2 131.7 132.3 11

12 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 REITs 131.4 145.5 152.1 156.7 161.8 161.2 162.7 163.5 164.9 167.3 166.7 13

14 Total assets 10627.4 12065.1 13458.4 14529.0 14661.5 14699.8 14684.8 14616.0 14598.1 14537.4 14418.7 14

15 Household sector 129.8 136.6 117.9 103.5 101.7 109.1 107.0 105.4 104.0 102.4 100.3 15

16 Nonfinancial corporate business 66.6 68.3 59.8 41.4 36.8 32.2 27.5 22.9 18.3 13.7 9.1 16

17 Nonfarm noncorporate business 30.8 36.2 34.6 42.1 43.2 43.9 44.6 44.7 43.9 43.1 41.7 17

18 State and local governments 141.2 151.9 166.4 176.9 176.3 175.9 181.7 178.5 174.7 166.5 165.6 18

19 Federal government 75.4 77.8 81.5 83.6 84.1 87.1 90.1 97.1 98.0 103.4 111.2 19

20 Commercial banking 2595.6 2958.0 3403.1 3644.4 3684.5 3660.7 3853.4 3841.4 3853.3 3897.6 3795.5 20

21 Savings institutions (1) 1057.4 1152.7 1074.0 1095.3 1111.8 1115.6 883.6 860.2 849.8 755.5 728.7 21

22 Credit unions 188.3 219.7 249.7 281.5 290.0 301.6 308.8 316.0 314.7 317.4 318.4 22

23 Property-casualty insurance companies 2.4 2.7 3.5 4.8 4.9 5.0 4.7 5.0 5.0 5.0 4.8 23

24 Life insurance companies 273.3 285.5 303.8 326.2 330.9 336.4 340.9 342.4 338.6 335.0 332.9 24

25 Private pension funds 10.0 9.8 9.5 10.2 10.4 10.7 10.9 11.1 11.6 12.1 12.8 25

26 State and local govt. retirement funds 15.1 16.4 14.5 12.7 12.7 12.6 12.4 12.4 12.3 12.3 12.4 26

27 Government-sponsored enterprises (1) 629.0 588.8 607.2 643.1 659.0 671.6 669.0 701.4 719.1 704.8 701.4 27

28 Agency- and GSE-backed mortgage pools 3374.6 3541.9 3837.3 4463.5 4601.4 4759.5 4891.9 4960.8 5041.8 5173.3 5299.7 28

29 ABS issuers 1443.7 2131.3 2765.5 2946.8 2879.8 2784.0 2693.1 2593.0 2501.4 2399.6 2305.3 29

30 Finance companies 476.0 541.4 594.4 531.9 525.8 491.6 468.6 447.9 440.2 426.8 415.6 30

31 REITs 118.1 146.1 135.8 121.3 108.3 102.4 96.6 75.9 71.5 68.9 63.4 31

(1) FHLB loans to savings institutions are included in other loans and advances.
96 Z.1, December 10, 2009

L.218 Home Mortgages (1)

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 8248.4 9357.0 10416.8 11112.5 11180.3 11160.3 11107.8 11005.3 10991.7 10942.8 10851.9 1

 2 Household sector 7815.5 8848.9 9826.3 10485.2 10554.2 10548.2 10510.1 10432.1 10429.0 10393.6 10323.5 2

 3 Nonfinancial corporate business 23.5 31.1 39.4 42.2 41.5 38.8 36.3 32.7 30.0 26.8 23.3 3

 4 Nonfarm noncorporate business 409.4 477.0 551.2 585.1 584.7 573.2 561.4 540.5 532.7 522.4 505.1 4

 5 Total assets 8248.4 9357.0 10416.8 11112.5 11180.3 11160.3 11107.8 11005.3 10991.7 10942.8 10851.9 5

 6 Household sector 112.9 117.9 102.9 90.8 88.8 95.2 93.2 91.2 89.2 87.2 85.2 6

 7 Nonfinancial corporate business 39.9 40.9 35.9 25.0 22.3 19.5 16.8 14.1 11.4 8.6 5.9 7

 8 Nonfarm noncorporate business 11.3 13.3 12.7 15.4 15.8 16.0 16.3 16.3 16.1 15.7 15.2 8

 9 State and local governments 72.0 77.5 84.9 90.2 89.9 89.7 92.7 91.0 89.1 84.9 83.6 9

10 Federal government 14.8 14.4 14.6 14.9 15.0 15.8 15.5 16.3 17.6 20.1 24.0 10

11 Commercial banking 1581.6 1792.1 2082.1 2210.5 2218.4 2157.7 2286.0 2249.0 2254.0 2301.2 2214.1 11

12 Savings institutions 874.2 953.8 867.8 879.0 884.8 884.5 691.6 666.3 654.9 559.7 537.4 12

13 Credit unions 188.3 219.7 249.7 281.5 290.0 301.6 308.8 316.0 314.7 317.4 318.4 13

14 Life insurance companies 8.1 7.5 10.3 9.4 9.5 9.6 9.7 10.2 9.9 9.6 9.4 14

15 Private pension funds 1.4 1.4 1.3 1.2 1.3 1.3 1.4 1.3 1.4 1.4 1.4 15

16 State and local govt. retirement funds 5.4 5.9 5.2 4.6 4.6 4.5 4.5 4.5 4.4 4.4 4.5 16

17 Government-sponsored enterprises 508.6 453.9 457.6 447.9 450.8 451.2 434.9 456.9 471.3 453.5 446.4 17

18 Agency- and GSE-backed mortgage pools 3256.3 3419.7 3710.6 4318.8 4452.7 4607.2 4738.6 4801.2 4880.4 5008.6 5133.0 18

19 ABS issuers 1048.6 1621.9 2139.3 2171.5 2112.7 2025.6 1947.6 1858.8 1775.3 1681.5 1596.8 19

20 Finance companies 422.0 489.8 538.1 472.7 458.0 420.5 395.2 375.4 368.4 356.1 345.1 20

21 REITs 102.9 127.4 103.7 79.2 65.9 60.3 55.1 36.7 33.7 32.8 31.5 21

 Memo:

22 Home equity loans included above (2) 775.6 914.8 1066.3 1129.8 1126.7 1126.5 1115.9 1113.5 1095.9 1074.2 1053.1 22

23 Commercial banking 483.5 549.0 653.6 692.3 698.0 711.1 769.8 776.1 769.7 781.2 766.7 23

24 Savings institutions 121.2 151.6 137.6 180.5 180.5 180.3 119.7 119.5 116.0 90.0 87.9 24

25 Credit unions 63.9 75.9 86.9 94.1 94.5 95.3 97.2 98.7 97.0 96.1 97.0 25

26 ABS issuers 23.3 40.4 80.6 68.4 62.0 55.6 50.2 44.2 39.6 35.7 32.5 26

27 Finance companies 83.7 98.0 107.6 94.5 91.6 84.1 79.0 75.1 73.7 71.2 69.0 27

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

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

 1 Total liabilities 617.5 688.2 743.6 844.3 863.1 880.5 900.4 909.9 911.0 912.9 911.7 1

 2 Nonfinancial corporate business 32.4 34.4 36.5 38.3 38.6 39.0 39.3 39.7 40.0 40.3 40.5 2

 3 Nonfarm noncorporate business 560.2 629.0 682.0 783.3 800.5 817.6 836.6 845.1 845.3 845.4 844.0 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 24.9 24.8 25.1 22.7 24.0 23.9 24.5 25.1 25.7 27.2 27.2 5

 6 Total assets 617.5 688.2 743.6 844.3 863.1 880.5 900.4 909.9 911.0 912.9 911.7 6

 7 Household sector 1.5 1.5 1.6 1.7 1.7 1.7 1.7 1.7 1.8 1.8 1.8 7

 8 Nonfinancial corporate business 1.0 1.1 0.9 0.6 0.6 0.5 0.4 0.3 0.3 0.2 0.1 8

 9 Nonfarm noncorporate business 10.4 12.3 11.7 14.3 14.7 14.9 15.2 15.2 15.0 14.7 14.2 9

10 State and local governments 56.5 60.8 66.6 70.8 70.5 70.4 72.7 71.4 69.9 66.6 66.1 10

11 Federal government 15.0 14.9 14.8 14.5 14.4 14.6 15.3 16.2 14.4 14.4 14.4 11

12 Commercial banking 118.7 138.7 157.6 168.4 172.9 176.1 214.7 215.1 216.8 216.8 216.8 12

13 Savings institutions 87.5 98.4 95.8 92.7 94.6 96.9 65.2 65.2 65.7 66.3 64.0 13

14 Life insurance companies 40.5 42.4 46.1 51.8 51.9 52.0 52.0 51.8 51.2 50.7 50.4 14

15 Private pension funds 2.2 2.1 2.0 2.1 2.3 2.4 2.7 2.4 2.6 2.7 2.9 15

16 State and local govt. retirement funds 4.5 4.9 4.3 3.8 3.8 3.8 3.7 3.7 3.7 3.7 3.7 16

17 Government-sponsored enterprises 82.5 93.0 105.4 147.7 158.0 168.2 179.7 187.7 190.8 194.1 197.4 17

18 Agency- and GSE-backed mortgage pools 117.4 121.3 123.5 140.2 144.2 148.0 148.6 154.9 156.8 160.1 162.2 18

19 ABS issuers 72.7 89.3 103.2 125.4 122.8 119.9 117.4 114.4 112.8 112.1 110.3 19

20 Finance companies 5.6 5.6 5.1 5.1 5.5 6.0 6.7 5.8 5.6 5.5 5.3 20

21 REITs 1.6 1.9 5.0 5.2 5.2 5.0 4.4 3.9 3.7 3.3 1.9 21
Z.1, December 10, 2009 97

L.220 Commercial Mortgages

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 1665.9 1915.1 2189.9 2459.6 2501.0 2537.4 2550.4 2570.2 2564.3 2550.0 2522.9 1

 2 Household sector 179.2 187.4 214.3 240.7 244.7 248.3 252.0 251.5 250.9 249.5 246.9 2

 3 Nonfinancial corporate business 507.7 697.5 776.7 835.6 848.9 864.6 866.4 879.6 877.3 875.2 864.8 3

 4 Nonfarm noncorporate business 872.5 909.5 1071.9 1249.4 1269.5 1287.3 1293.8 1300.7 1296.9 1285.2 1271.7 4

 5 REITs 106.5 120.7 127.0 134.0 137.9 137.2 138.2 138.4 139.2 140.1 139.5 5

 6 Total assets 1665.9 1915.1 2189.9 2459.6 2501.0 2537.4 2550.4 2570.2 2564.3 2550.0 2522.9 6

 7 Household sector 9.9 10.5 11.2 11.9 12.1 12.3 12.5 12.6 12.8 13.0 13.2 7

 8 Nonfinancial corporate business 25.6 26.3 23.0 15.8 13.9 12.1 10.3 8.5 6.7 4.9 3.1 8

 9 Nonfarm noncorporate business 8.5 9.9 9.5 11.5 11.8 12.0 12.2 12.2 12.0 11.8 11.4 9

10 State and local governments 11.3 12.2 13.3 14.2 14.1 14.1 14.5 14.3 14.0 13.3 14.1 10

11 Federal government 42.4 45.2 48.9 51.0 51.5 53.3 55.8 61.0 62.5 65.4 69.0 11

12 Commercial banking 860.7 989.4 1123.2 1223.6 1249.6 1281.6 1305.6 1328.5 1333.6 1330.5 1315.2 12

13 Savings institutions 95.1 100.0 109.6 122.7 131.4 133.2 125.9 127.7 128.2 128.5 126.4 13

14 Property-casualty insurance companies 2.4 2.7 3.5 4.8 4.9 5.0 4.7 5.0 5.0 5.0 4.8 14

15 Life insurance companies 214.1 224.3 235.4 252.2 256.6 261.8 266.0 267.1 264.1 261.3 259.7 15

16 Private pension funds 6.4 6.3 6.2 6.8 6.8 7.0 6.9 7.4 7.7 8.0 8.4 16

17 State and local govt. retirement funds 5.1 5.6 4.9 4.3 4.3 4.3 4.2 4.2 4.2 4.2 4.2 17

18 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 ABS issuers 322.5 420.1 523.0 649.9 644.3 638.5 628.1 619.7 613.2 606.0 598.2 19

20 Finance companies 48.4 46.0 51.1 54.0 62.3 65.2 66.7 66.6 66.2 65.2 65.1 20

21 REITs 13.6 16.8 27.1 37.0 37.2 37.1 37.1 35.3 34.1 32.9 30.0 21

L.221 Farm Mortgages (1)

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

 1 Total liabilities (Farm business) 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 131.2 131.7 132.3 1

 2 Total assets 95.7 104.8 108.0 112.7 117.2 121.6 126.1 130.7 131.2 131.7 132.3 2

 3 Household sector 5.5 6.7 2.2 -0.8 -0.9 -0.1 -0.4 -0.1 0.2 0.4 0.1 3

 4 Nonfarm noncorporate business 0.6 0.7 0.7 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.8 4

 5 State and local governments 1.4 1.5 1.7 1.8 1.8 1.8 1.8 1.8 1.7 1.7 1.8 5

 6 Federal government 3.2 3.2 3.2 3.3 3.2 3.3 3.5 3.5 3.5 3.5 3.7 6

 7 Commercial banking 34.6 37.9 40.1 41.9 43.6 45.3 47.1 48.8 49.0 49.2 49.4 7

 8 Savings institutions 0.6 0.6 0.7 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 8

 9 Life insurance companies 10.7 11.3 12.0 12.8 12.9 13.1 13.2 13.4 13.4 13.5 13.6 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Government-sponsored enterprises 38.0 42.0 44.2 47.6 50.3 52.2 54.4 56.9 57.0 57.2 57.5 11

12 Agency- and GSE-backed mortgage pools 0.9 0.8 3.2 4.5 4.5 4.3 4.7 4.7 4.6 4.6 4.5 12

(1) Excludes mortgages on farm houses.
98 Z.1, December 10, 2009

L.222 Consumer Credit

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities (Households) 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2518.6 2488.6 2496.1 1

 2 Total assets 2219.5 2319.8 2415.0 2551.9 2529.6 2555.6 2588.0 2592.1 2518.6 2488.6 2496.1 2

 3 Nonfinancial corporate business 58.6 58.8 56.7 55.3 51.0 51.1 51.6 55.3 50.5 49.3 48.5 3

 4 Nonfarm noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 86.1 89.8 91.7 98.4 103.5 104.6 106.9 111.0 122.7 135.4 157.8 5

 6 Commercial banking 704.3 707.0 741.2 804.1 796.3 813.0 844.1 878.6 850.7 837.8 832.7 6

 7 Savings institutions 91.3 109.1 95.5 90.8 87.5 90.0 79.3 86.3 80.0 75.9 78.1 7

 8 Credit unions 215.4 228.6 234.5 235.7 230.1 231.1 236.1 235.0 234.8 236.2 240.6 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 571.5 609.9 661.1 683.6 680.4 684.1 673.7 650.0 633.0 627.5 617.7 10

11 Finance companies 492.3 516.5 534.4 584.1 580.7 581.8 596.3 575.8 546.8 526.5 520.7 11

L.223 Trade Credit

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

 1 Total trade payables 2662.8 3003.6 3195.9 3398.1 3419.2 3413.4 3384.2 3287.7 3249.2 3229.0 3173.9 1

 2 Household sector 173.3 186.3 199.9 214.5 218.4 222.2 226.2 230.2 231.8 233.8 237.9 2

 3 Nonfinancial corporate business 1499.9 1699.4 1813.0 1898.9 1877.3 1848.1 1801.2 1732.3 1664.5 1625.6 1567.1 3

 4 Nonfarm noncorporate business 277.4 329.4 349.4 378.7 387.1 391.9 396.8 397.8 392.4 385.9 375.8 4

 5 Farm business 9.1 6.3 -0.7 -4.8 11.5 7.1 17.2 20.1 22.1 20.6 21.3 5

 6 State and local governments 449.9 482.0 516.4 553.7 563.5 573.6 583.9 593.7 603.2 612.9 622.7 6

 7 Federal government 169.0 202.7 208.9 238.1 247.5 262.1 256.9 229.3 226.4 230.4 221.9 7

 8 Rest of the world 48.2 54.5 60.7 73.1 70.5 69.3 67.6 63.2 60.8 65.2 60.2 8

 9 Brokers and dealers 36.0 43.1 48.3 45.8 43.5 39.1 34.4 21.2 47.9 54.6 66.9 9

10 Total trade receivables 2623.1 2994.2 3037.6 3291.6 3364.2 3410.7 3382.0 3214.9 3160.1 3174.7 3083.7 10

11 Nonfinancial corporate business 1831.3 2109.0 2090.9 2256.3 2295.6 2331.4 2301.2 2150.8 2119.5 2146.6 2077.7 11

12 Nonfarm noncorporate business 364.3 430.9 470.9 525.6 539.8 548.0 556.5 558.0 548.8 537.7 520.7 12

13 State and local governments 134.4 144.7 158.5 168.4 167.9 173.7 173.0 169.9 166.4 164.7 168.3 13

14 Federal government 61.8 70.9 59.4 60.6 61.9 65.0 67.4 64.3 64.6 67.9 67.7 14

15 Rest of the world 49.0 56.9 62.8 83.5 94.3 100.1 102.0 89.6 87.2 92.8 95.7 15

16 Property-casualty insurance companies 79.6 82.1 87.0 85.4 86.3 87.1 87.1 86.7 87.4 87.3 85.9 16

17 ABS issuers 102.6 99.8 108.3 111.7 118.4 105.2 94.7 95.5 86.1 77.7 67.8 17

18 Discrepancy 39.7 9.4 158.3 106.5 55.0 2.7 2.2 72.8 89.1 54.3 90.2 18

L.224 Security Credit

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

 1 Total liabilities 1038.2 1038.4 1249.9 1526.4 1647.1 1564.9 1685.2 1128.5 1018.1 1000.3 1069.1 1

 2 Household sector 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.5 147.9 174.1 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 774.2 806.0 957.8 1200.9 1281.7 1273.4 1282.9 963.6 883.6 852.4 895.1 4

 5 Customer credit balances (HH) 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 658.3 672.6 5

 6 From U.S.-chartered commercial banks 102.2 95.6 116.5 145.9 158.4 158.1 178.8 158.6 139.1 120.9 157.6 6

 7 From foreign banking offices in U.S. 93.7 135.1 185.6 188.6 138.8 123.2 105.5 62.3 77.5 73.3 65.0 7

 8 Total assets 1038.2 1038.4 1249.9 1526.4 1647.1 1564.9 1685.2 1128.5 1018.1 1000.3 1069.1 8

 9 Household sector 578.3 575.3 655.7 866.4 984.5 992.1 998.6 742.7 667.0 658.3 672.6 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 Commercial banking 195.8 230.7 302.2 334.5 297.2 281.4 284.3 221.0 216.6 194.1 222.5 11

12 Brokers and dealers 264.0 232.4 292.1 325.5 365.3 291.5 402.3 164.8 134.5 147.9 174.1 12
Z.1, December 10, 2009 99

L.225 Life Insurance and Pension Fund Reserves

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Life insurance reserves:

 1 Total liabilities 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1201.3 1229.6 1

 2 Federal government 41.6 42.7 44.2 45.4 45.3 45.8 45.7 46.4 46.3 46.9 46.9 2

 3 Life insurance companies 1018.8 1039.9 1119.5 1156.1 1141.9 1150.5 1152.0 1133.4 1134.7 1154.5 1182.7 3

 4 Total assets (Households) 1060.4 1082.6 1163.7 1201.5 1187.2 1196.4 1197.7 1179.8 1181.1 1201.3 1229.6 4

 Pension fund reserves:

 5 Total liabilities 10635.5 11373.7 12696.2 13375.9 12566.9 12476.1 11831.8 10442.6 9914.8 10662.6 11527.2 5

 6 Life insurance companies 2027.9 2197.4 2332.4 2437.8 2367.3 2364.0 2308.2 2150.6 2119.0 2170.7 2247.7 6

 7 Private pension funds (1) 4963.0 5341.4 6047.7 6425.4 5948.7 5887.2 5479.2 4635.6 4320.6 4794.0 5319.1 7

 8 State and local govt. retirement funds 2621.3 2763.4 3175.1 3315.5 3079.4 3045.7 2855.9 2435.2 2282.8 2483.1 2710.7 8

 9 Federal government retirement funds (2) 1023.3 1071.5 1141.1 1197.2 1171.4 1179.2 1188.5 1221.2 1192.4 1214.8 1249.7 9

10 Total assets (Households) (3) 10635.5 11373.7 12696.2 13375.9 12566.9 12476.1 11831.8 10442.6 9914.8 10662.6 11527.2 10

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

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

 1 Total taxes payable by all businesses 219.2 221.4 237.0 167.7 173.3 131.7 114.7 39.5 42.0 45.7 72.2 1

 2 Nonfinancial corporate business 88.0 93.1 85.4 35.8 55.0 37.9 43.8 38.5 39.8 33.0 31.2 2

 3 Nonfarm noncorporate business 78.0 86.7 95.7 99.5 100.6 101.3 102.0 102.2 101.4 100.5 99.1 3

 4 U.S.-chartered commercial banks (net) 33.6 25.8 24.7 11.1 0.2 -12.3 -29.7 -74.6 -72.6 -80.9 -65.9 4

 5 Savings institutions 3.6 3.6 3.3 1.3 1.6 1.0 1.1 1.0 1.4 0.8 1.4 5

 6 Property-casualty insurance companies (net) 1.5 -1.6 9.4 7.0 5.9 -3.0 -2.7 -21.1 -24.2 -20.5 -9.9 6

 7 Life insurance companies (net) -2.7 -5.3 -1.3 -4.7 -7.8 -11.6 -17.9 -24.4 -21.8 -6.3 -3.7 7

 8 Finance companies 15.0 16.9 17.0 15.5 15.7 15.7 15.6 15.4 15.4 14.6 13.8 8

 9 Brokers and dealers 2.2 2.1 2.8 2.2 2.0 2.6 2.5 2.5 2.7 4.5 6.3 9

10 Total business taxes receivable 190.9 232.6 285.1 342.5 356.5 371.8 384.5 388.8 397.0 402.8 415.5 10

11 State and local governments 99.6 141.0 189.0 237.5 248.0 259.8 269.0 269.8 274.5 276.8 286.0 11

12 Federal government 91.2 91.6 96.1 105.0 108.5 112.0 115.5 119.0 122.5 126.0 129.5 12

13 Discrepancy 28.4 -11.3 -48.1 -174.8 -183.2 -240.1 -269.8 -349.3 -354.9 -357.1 -343.3 13

L.227 Proprietors’ Equity in Noncorporate Business

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

 1 Total household equity 6755.0 8352.5 8838.6 8796.9 8507.2 8189.2 7946.1 7322.2 6827.1 6645.9 6521.2 1

 2 Nonfarm noncorporate business 5425.2 6858.9 7220.7 7047.1 6768.6 6455.1 6237.7 5648.5 5170.5 5003.9 4897.5 2

 3 Farm business 1318.6 1481.9 1608.0 1738.2 1728.0 1724.2 1700.3 1664.3 1645.3 1630.6 1613.9 3

 4 Brokers and dealers 11.2 11.7 9.8 11.6 10.5 10.0 8.1 9.5 11.3 11.4 9.7 4
100 Z.1, December 10, 2009

L.228 Total Miscellaneous Financial Claims

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 13455.0 14580.1 15771.0 17159.3 18248.0 18475.8 19994.9 19372.8 19719.3 18737.9 18280.2 1

 2 Household sector 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 24.5 2

 3 Nonfinancial corporate business 3589.2 3847.0 3915.8 4180.7 4184.3 4205.0 4220.7 4430.5 4483.6 4555.7 4648.6 3

 4 Nonfarm noncorporate business 718.2 861.2 1006.1 1099.9 1116.5 1123.2 1132.9 1130.5 1114.7 1115.5 1086.1 4

 5 Federal government 913.9 963.7 1017.2 1094.2 1078.7 1086.7 1112.0 1183.5 1157.1 1162.5 1179.5 5

 6 Rest of the world 3349.9 3876.4 4392.9 4759.1 5344.7 5420.5 6776.0 5340.0 5499.2 4591.6 3993.5 6

 7 Monetary authority 12.5 15.3 18.5 21.0 21.0 21.4 22.2 23.1 24.5 33.0 31.7 7

 8 Commercial banking 1426.8 1388.5 1420.3 1686.6 1859.0 1863.1 1882.3 2481.6 2613.3 2459.7 2466.0 8

 9 Savings institutions 33.2 60.5 80.2 102.4 91.7 86.2 58.7 72.3 74.7 48.5 41.5 9

10 Credit unions 9.3 11.9 9.2 3.6 7.6 3.2 1.9 4.7 20.7 20.8 19.5 10

11 Property-casualty insurance companies 708.3 759.3 815.7 825.4 833.2 851.9 871.0 846.4 836.5 837.3 837.4 11

12 Life insurance companies 814.7 845.0 947.2 1043.8 1058.0 1066.5 973.8 952.0 902.8 939.0 1016.7 12

13 Government-sponsored enterprises 143.7 141.8 153.4 171.1 192.4 180.2 205.9 210.4 243.2 245.2 260.6 13

14 Finance companies 719.6 702.8 715.7 654.4 665.8 659.4 670.4 664.8 664.2 634.1 609.9 14

15 REITs 50.4 54.7 62.4 65.8 65.3 63.7 65.6 62.1 50.1 51.1 45.2 15

16 Brokers and dealers 376.4 405.5 519.5 564.9 543.1 529.7 613.8 449.2 416.6 439.9 458.0 16

17 Funding corporations 566.4 624.2 674.0 862.6 1161.5 1289.6 1362.4 1494.7 1591.5 1579.3 1561.8 17

18 Total assets 17764.2 19017.9 21433.2 23964.6 24867.3 25123.4 25741.3 25243.7 25849.2 25471.9 25090.8 18

19 Household sector 553.8 608.7 646.1 712.2 724.7 732.2 749.5 766.4 763.4 765.6 769.3 19

20 Nonfinancial corporate business 7668.6 8112.4 8864.8 9798.7 9867.4 9924.0 10011.1 10142.3 10178.0 10232.1 10317.5 20

21 Nonfarm noncorporate business 1009.5 1265.5 1644.4 1972.8 2026.0 2056.8 2088.5 2094.4 2059.9 2018.2 1954.2 21

22 Farm business 43.2 44.5 48.6 52.0 52.5 52.9 53.4 53.8 53.9 54.0 54.1 22

23 State and local governments 69.3 34.0 3.7 20.1 20.8 81.3 70.0 52.6 29.6 19.9 58.3 23

24 Federal government 102.3 100.9 101.8 102.6 102.0 102.3 116.3 114.2 113.2 111.8 111.5 24

25 Rest of the world 2498.5 2688.4 3305.7 3937.1 4407.3 4431.2 4830.5 3783.3 4084.4 3854.7 3372.2 25

26 Monetary authority 18.6 18.1 17.0 40.5 37.3 77.2 303.2 569.8 332.5 163.0 114.0 26

27 Commercial banking 2136.4 2223.7 2347.2 2546.6 2820.8 2899.3 3074.7 3455.1 4128.7 4056.9 4026.7 27

28 Savings institutions 166.7 107.9 123.3 126.7 125.7 116.0 101.2 99.8 99.9 87.6 80.5 28

29 Credit unions 24.5 24.2 24.9 35.9 38.4 40.5 41.4 44.2 59.2 57.0 56.1 29

30 Property-casualty insurance companies 89.9 103.3 105.5 116.8 118.7 123.1 126.7 102.6 102.1 103.9 102.9 30

31 Life insurance companies 126.6 153.1 147.1 123.3 136.6 127.8 97.4 151.0 133.3 118.8 145.7 31

32 Private pension funds 479.2 480.2 532.5 620.1 593.9 608.8 576.7 545.5 513.6 578.3 647.0 32

33 State and local govt. retirement funds 15.9 15.4 16.3 16.2 16.4 16.4 16.2 16.2 16.1 16.2 16.3 33

34 Federal government retirement funds 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 1013.5 34

35 Money market mutual funds 53.3 43.3 59.2 90.9 69.7 56.9 45.1 47.9 51.4 56.5 51.9 35

36 Mutual funds 7.0 10.7 14.0 16.8 20.1 17.3 18.9 20.0 16.0 17.3 17.2 36

37 Government-sponsored enterprises 113.9 117.8 114.7 141.7 126.5 125.6 105.8 95.0 102.3 116.1 88.5 37

38 Finance companies 94.5 46.7 16.4 18.2 26.2 27.1 26.2 30.0 44.4 56.1 55.1 38

39 REITs 40.4 51.9 59.7 55.4 57.2 59.7 61.3 54.7 54.0 49.9 49.7 39

40 Brokers and dealers 994.0 1202.6 1599.4 1633.7 1712.1 1669.4 1456.2 1105.7 1017.0 1086.1 1155.0 40

41 Funding corporations 602.2 681.9 722.2 834.7 830.0 834.2 808.6 883.9 903.0 854.4 833.6 41

42 Discrepancy -4309.2 -4437.8 -5662.3 -6805.3 -6619.3 -6647.6 -5746.4 -5870.9 -6129.9 -6734.0 -6810.6 42
Z.1, December 10, 2009 101

L.229 Identified Miscellaneous Financial Claims - Part I

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2498.5 2651.7 2948.2 3451.5 3548.7 3655.6 3716.5 3698.8 3745.3 3793.7 3838.9 1

 2 Asset: Nonfinancial corporate business 2094.7 2205.7 2440.7 2800.0 2881.9 2970.3 3020.5 3005.1 3052.2 3098.1 3142.7 2

 3 Commercial banking 93.5 104.9 95.9 158.1 159.4 161.9 162.6 192.7 192.1 187.8 187.1 3

 4 Property-casualty insurance companies 89.9 103.3 105.5 116.8 118.7 123.1 126.7 102.6 102.1 103.9 102.9 4

 5 Life insurance companies 16.6 19.1 20.0 24.7 25.7 26.5 28.3 26.0 25.0 26.5 26.3 5

 6 Finance companies 14.7 17.7 42.0 49.5 52.3 54.3 55.7 56.3 57.0 59.0 60.6 6

 7 Brokers and dealers 189.2 201.1 244.1 302.3 310.8 319.4 322.7 316.0 316.8 318.4 319.3 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1409.8 1549.4 1722.7 2041.4 2071.8 2148.0 2187.4 2264.0 2290.6 2304.8 2315.5 8

 9 Nonfarm noncorporate business 3.0 3.3 3.6 3.4 3.1 3.1 3.2 3.2 3.2 3.2 3.2 9

10 Commercial banking 122.7 130.2 135.4 134.3 142.2 148.2 150.4 119.1 116.6 118.0 119.5 10

11 Property-casualty insurance companies 61.4 60.1 99.9 90.9 91.4 99.7 103.7 86.5 78.6 80.0 80.7 11

12 Life insurance companies 66.6 65.8 71.3 68.8 73.3 73.9 76.0 56.4 60.6 66.4 73.7 12

13 Finance companies 21.8 38.8 51.1 31.9 38.4 42.4 47.6 26.2 26.3 30.1 31.0 13

14 Brokers and dealers 49.6 49.9 61.0 69.2 78.1 85.7 98.0 79.9 81.2 81.6 84.6 14

15 Funding corporations 7.8 8.4 9.0 10.2 10.5 10.7 10.7 11.7 12.4 13.8 15.3 15

16 Asset: Rest of the world 1742.7 1906.0 2154.1 2450.1 2508.9 2611.8 2677.0 2646.8 2669.6 2698.0 2723.5 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 42.0 43.2 45.3 46.9 47.0 48.1 48.2 48.3 48.4 49.7 50.9 17

18 Asset: Federal government 42.0 43.2 45.3 46.9 47.0 48.1 48.2 48.3 48.4 49.7 50.9 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 11.9 13.5 15.3 18.5 19.5 19.9 20.3 21.1 22.6 24.2 24.9 19

20 Asset: Commercial banking 11.9 13.5 15.3 18.5 19.5 19.9 20.3 21.1 22.6 24.2 24.9 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 44.8 46.7 46.9 56.0 57.3 58.0 58.1 53.9 51.7 53.2 52.1 21

22 Asset: Nonfin. corporate business (Fannie Mae) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Nonfarm noncorporate (BC) 2.0 1.8 1.9 2.2 2.2 2.3 2.3 2.3 2.3 2.2 2.1 23

24 Farm business (FICB and FLB) 2.7 2.8 3.0 3.6 2.5 2.5 2.1 2.0 2.2 2.1 1.9 24

25 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Commercial banks (FHLB) 19.3 20.2 22.9 26.7 27.9 28.1 28.5 25.6 24.7 27.2 26.8 26

27 Savings institutions (FHLB) 17.4 18.5 15.6 18.8 19.9 19.9 19.5 18.0 17.0 16.1 15.7 27

28 Credit unions (FHLB) 1.7 1.8 1.9 2.5 2.3 2.6 2.8 2.8 2.4 2.5 2.5 28

29 Life insurance companies (FHLB) 1.7 1.6 1.6 2.2 2.3 2.5 2.8 3.2 3.2 3.2 3.1 29

 BHC investment in subsidiaries:

30 Liab.: Commercial banking 857.0 897.0 1006.9 1133.1 1158.4 1148.5 1157.2 1181.3 1245.4 1260.8 1320.8 30

31 Savings institutions 19.0 22.7 24.7 25.3 26.2 28.8 27.8 31.6 24.0 24.3 23.9 31

32 Life insurance companies 25.9 35.6 38.3 43.7 43.0 42.3 37.0 31.2 29.7 33.9 40.9 32

33 Finance companies 234.1 195.2 198.5 239.9 245.3 238.8 242.5 233.7 226.3 212.7 208.4 33

34 Brokers and dealers 62.3 130.5 145.1 34.7 38.1 68.5 90.9 104.6 702.5 708.0 661.9 34

35 Asset: Bank holding companies 1198.2 1281.0 1413.5 1476.6 1511.0 1526.8 1555.4 1582.4 2228.0 2239.8 2255.9 35

 NFC inv. in finance company subs.:

36 Liab.: Finance companies 23.6 117.0 140.1 81.5 83.3 81.1 82.4 79.4 76.9 72.3 70.8 36

37 Asset: Nonfinancial corporate business 23.6 117.0 140.1 81.5 83.3 81.1 82.4 79.4 76.9 72.3 70.8 37

 Funding corp. investment in subs.:

38 Liab.: Foreign banking offices in U.S. 167.7 188.8 197.3 241.0 240.4 237.3 192.6 276.6 269.3 224.5 199.1 38

39 Brokers and dealers 434.5 493.1 524.9 593.7 589.6 596.9 616.0 607.3 633.6 629.9 634.4 39

40 Asset: Funding corporations 602.2 681.9 722.2 834.7 830.0 834.2 808.6 883.9 903.0 854.4 833.6 40
102 Z.1, December 10, 2009

L.230 Identified Miscellaneous Financial Claims - Part II

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 2.8 0.6 0.6 24.5 21.5 62.5 288.7 554.2 310.4 115.0 57.2 1

 2 Asset: Federal government 2.8 0.6 0.6 0.5 0.5 0.5 0.4 0.5 0.4 0.4 0.5 2

 3 Monetary authority (1) 0.0 0.0 0.0 24.0 21.0 62.0 288.3 553.7 309.9 114.6 56.8 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 18.4 19.2 19.0 20.9 26.7 20.1 27.1 15.5 19.0 18.2 14.7 6

 7 Asset: Savings institutions 18.4 19.2 19.0 20.9 26.7 20.1 27.1 15.5 19.0 18.2 14.7 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 24.5 8

 9 Asset: Life insurance companies 22.5 22.4 22.8 23.9 25.2 25.5 25.3 27.0 26.5 24.8 24.5 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 211.0 217.3 232.1 247.6 258.3 259.4 263.3 265.2 267.4 268.9 272.1 10

11 Health 131.3 138.3 149.8 163.3 171.6 172.0 175.4 182.7 184.9 187.2 190.3 11

12 Policy dividend accumulation 41.7 42.7 43.5 43.7 44.2 44.7 44.8 40.4 42.0 41.1 40.6 12

13 Policy and contract claims 38.0 36.3 38.8 40.6 42.4 42.7 43.2 42.1 40.5 40.6 41.2 13

14 Asset: Household sector 211.0 217.3 232.1 247.6 258.3 259.4 263.3 265.2 267.4 268.9 272.1 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 646.9 699.2 715.8 734.5 741.8 752.2 767.3 759.9 757.8 757.4 756.7 15

16 Asset: Household sector 290.4 316.0 320.5 327.3 329.5 334.3 341.2 337.3 336.3 335.9 335.3 16

17 Nonfinancial corporate business 255.5 276.2 282.7 290.1 293.0 297.4 303.4 300.0 299.2 299.0 298.8 17

18 Nonfarm noncorporate business 60.5 65.3 66.9 68.6 69.3 70.0 71.4 70.7 70.5 70.5 70.4 18

19 Farm business 40.5 41.7 45.6 48.5 50.0 50.5 51.3 51.8 51.8 52.0 52.3 19

 Unallocated insurance company contracts:

20 Liab.: Life insurance companies 328.4 338.4 387.9 444.3 417.8 426.2 397.2 351.6 316.8 372.7 434.5 20

21 Asset: Private pension funds 328.4 338.4 387.9 444.3 417.8 426.2 397.2 351.6 316.8 372.7 434.5 21

 Pension fund contributions payable:

22 Liab.: Nonfinancial corporate business 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 51.6 22

23 Asset: Private pension funds 46.6 44.8 42.8 47.2 47.7 48.2 47.9 47.9 48.8 49.9 51.6 23

 Securities borrowed (net):

24 Liab.: Funding corporations 764.8 939.7 1242.3 1240.2 1369.1 1359.7 1136.9 887.0 803.9 845.5 887.1 24

25 Asset: Brokers and dealers 764.8 939.7 1242.3 1240.2 1369.1 1359.7 1136.9 887.0 803.9 845.5 887.1 25

 Nonmarketable government securities:

26 Liab.: Federal government 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 1013.5 26

27 Asset: Federal government retirement funds 855.9 882.9 918.7 952.0 936.9 943.5 962.3 1015.3 993.2 997.6 1013.5 27

 Retiree Health Care Funds (2):

28 Liab.: Federal government 52.4 75.4 93.5 137.3 136.9 138.5 145.0 163.8 159.6 160.8 161.9 28

29 Asset: Household sector 52.4 75.4 93.5 137.3 136.9 138.5 145.0 163.8 159.6 160.8 161.9 29

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
Z.1, December 10, 2009 103

L.231 Unidentified Miscellaneous Financial Claims

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

2004 2005 2006 2007 2008 2009

 Q1 Q2 Q3 Q4 Q1 Q2 Q3

 1 Total liabilities 4341.5 4599.3 4610.0 4871.1 5660.4 5604.5 6967.4 6270.8 6270.3 5341.8 4755.7 1

 2 Nonfinancial corporate business 2132.8 2252.8 2150.3 2092.1 2064.8 2008.8 1985.3 2118.6 2144.2 2201.0 2281.4 2

 3 Nonfarm noncorporate business 715.2 857.9 1002.5 1096.4 1113.4 1120.1 1129.7 1127.4 1111.5 1112.3 1082.9 3

 4 Federal government 5.6 5.4 5.1 4.9 4.9 4.7 4.7 4.4 4.3 4.2 4.1 4

 5 Rest of the world 806.7 1180.9 1398.9 1236.2 1727.5 1654.3 2722.6 1038.7 1395.1 633.1 46.4 5

 6 Monetary authority 0.6 1.8 3.2 2.5 1.5 1.5 1.9 2.1 1.9 8.8 6.8 6

 7 Commercial banking 279.4 172.6 80.6 178.2 317.9 329.2 382.1 904.5 981.9 856.3 826.5 7

 8 U.S.-chartered commercial banks 46.4 -30.4 -67.8 -94.7 -41.3 -101.3 -162.5 13.6 10.8 -24.7 13.1 8

 9 Foreign banking offices in U.S. -81.2 -55.1 -177.9 -75.8 9.1 55.1 171.8 453.7 431.9 337.7 245.9 9

10 Bank holding companies 271.6 216.0 288.6 322.4 323.4 348.0 349.3 415.5 517.4 522.5 540.8 10

11 Banks in U.S.-affiliated areas 42.5 42.2 37.7 26.2 26.8 27.3 23.6 21.7 21.8 20.8 26.8 11

12 Savings institutions 14.3 37.8 55.5 77.1 65.5 57.4 30.8 40.7 50.7 24.2 17.5 12

13 Credit unions 9.3 11.9 9.2 3.6 7.6 3.2 1.9 4.7 20.7 20.8 19.5 13

14 Life insurance companies 182.8 187.8 217.5 239.4 265.7 264.7 200.3 247.7 228.3 197.1 195.5 14

15 Government-sponsored enterprises 80.5 75.9 87.6 94.3 108.4 102.1 120.8 141.0 172.6 173.8 193.9 15

16 Finance companies 440.1 351.8 326.0 301.1 298.7 297.1 298.0 325.6 334.7 318.9 299.6 16

17 REITs 50.4 54.7 62.4 65.8 65.3 63.7 65.6 62.1 50.1 51.1 45.2 17

18 Brokers and dealers -170.0 -268.0 -211.4 -132.6 -162.7 -221.4 -191.2 -342.6 -1000.8 -979.7 -923.0 18

19 Funding corporations -206.2 -324.0 -577.3 -387.8 -218.1 -80.8 214.9 596.0 775.2 719.9 659.3 19

20 Total assets 8650.6 9037.1 10272.3 11676.4 12279.6 12252.1 12713.8 12141.7 12400.2 12075.9 11566.3 20

21 Nonfinancial corporate business 5294.8 5513.5 6001.2 6627.0 6609.1 6575.1 6604.9 6757.8 6749.7 6762.7 6805.2 21

22 Nonfarm noncorporate business 947.1 1198.4 1575.6 1902.0 1954.5 1984.5 2014.8 2021.4 1987.1 1945.5 1881.7 22

23 State and local governments 69.3 34.0 3.7 20.1 20.8 81.3 70.0 52.6 29.6 19.9 58.3 23

24 Federal government 57.5 57.1 56.0 55.2 54.5 53.7 67.7 65.4 64.3 61.7 60.1 24

25 Rest of the world 755.8 782.4 1151.6 1486.9 1898.4 1819.4 2153.6 1136.5 1414.8 1156.7 648.6 25

26 Monetary authority 18.6 18.1 17.0 16.5 16.3 15.2 15.0 16.1 22.6 48.4 57.2 26

27 Commercial banking 813.5 804.1 799.6 866.7 1103.0 1162.6 1308.0 1633.4 1661.4 1577.9 1532.0 27

28 U.S.-chartered commercial banks 557.5 563.9 667.1 681.6 789.6 737.6 879.3 990.3 908.1 867.6 861.6 28

29 Foreign banking offices in U.S. 56.4 24.3 -119.6 -104.9 4.6 47.4 100.4 259.6 220.5 191.7 163.2 29

30 Bank holding companies 194.4 210.6 246.2 277.9 296.0 364.1 315.4 372.5 522.7 509.6 499.3 30

31 Banks in U.S.-affiliated areas 5.2 5.3 5.9 12.1 12.8 13.5 12.8 11.1 10.0 9.1 7.8 31

32 Savings institutions 130.9 70.2 88.7 86.9 79.1 75.9 54.6 66.3 63.9 53.4 50.2 32

33 Credit unions 22.8 22.4 23.0 33.4 36.0 37.8 38.5 41.5 56.7 54.5 53.6 33

34 Life insurance companies 85.8 110.1 102.7 72.5 83.5 73.2 40.9 94.7 78.5 64.2 91.8 34

35 Private pension funds 104.1 97.0 101.8 128.6 128.4 134.5 131.5 146.0 147.9 155.7 160.9 35

36 State and local govt. retirement funds 15.9 15.4 16.3 16.2 16.4 16.4 16.2 16.2 16.1 16.2 16.3 36

37 Mutual funds 7.0 10.7 14.0 16.8 20.1 17.3 18.9 20.0 16.0 17.3 17.2 37

38 Money market mutual funds 53.3 43.3 59.2 90.9 69.7 56.9 45.1 47.9 51.4 56.5 51.9 38

39 Government-sponsored enterprises 113.9 117.8 114.7 141.7 126.5 125.6 105.8 95.0 102.3 116.1 88.5 39

40 Finance companies 79.8 29.0 -25.6 -31.3 -26.1 -27.3 -29.6 -26.3 -12.6 -2.9 -5.5 40

41 REITs 40.4 51.9 59.7 55.4 57.2 59.7 61.3 54.7 54.0 49.9 49.7 41

42 Brokers and dealers 40.0 61.8 113.0 91.1 32.3 -9.7 -3.3 -97.4 -103.7 -77.8 -51.4 42

43 Discrepancy -4309.2 -4437.8 -5662.3 -6805.3 -6619.3 -6647.6 -5746.4 -5870.9 -6129.9 -6734.0 -6810.6 43