March 8, 2012

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

2005-2010

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

Flows Levels

Title Table Page Table Page

Summaries

Total Credit Market Borrowing and Lending F.1 1 L.1 52 

Credit Market Borrowing by Nonfinancial Sectors F.2 2 L.2 53 

Credit Market Borrowing by Financial Sectors F.3 2 L.3 53 

Credit Market Borrowing, All Sectors, by Instrument F.4 3 L.4 54 

Total Liabilities and Its Relation to Total Financial Assets F.5 3 L.5 54 

Distribution of Gross Domestic Product F.6 4 

Distribution of National Income F.7 5 

Saving and Investment F.8 6 

Net Capital Transfers F.9 7 

Derivation of Measures of Personal Saving F.10 8 L.10 55 

Sectors

Households and Nonprofit Organizations F.100 9 L.100 56 

Nonfinancial Business F.101 10 L.101 57 

 Nonfinancial Corporate Business F.102 11 L.102 58 

Nonfinancial Noncorporate Business F.103 12 L.103 59 

Farm Business (Discontinued) 

State and Local Governments F.105 13 L.105 60 

Federal Government F.106 14 L.106 60 

Rest of the World F.107 15 L.107 61 
Flows Levels

Title Table Page Table Page

Financial Business F.108 16 L.108 62 

Monetary Authority F.109 17 L.109 63 

U.S.-Chartered Commercial Banks F.110 18 L.110 64 

Foreign Banking Offices in U.S. F.111 19 L.111 65 

Bank Holding Companies F.112 20 L.112 66 

Banks in U.S.-Affiliated Areas F.113 20 L.113 66 

Savings Institutions F.114 21 L.114 67 

Credit Unions F.115 22 L.115 68 

Property-Casualty Insurance Companies F.116 22 L.116 68 

Life Insurance Companies F.117 23 L.117 69 

Private Pension Funds F.118 23 L.118 69 

State and Local Government Employee Retirement Funds F.119 24 L.119 70 

Federal Government Retirement Funds F.120 24 L.120 70 

Money Market Mutual Funds F.121 25 L.121 71 

Mutual Funds F.122 25 L.122 71 

Closed-End and Exchange-Traded Funds F.123 25 L.123 71 

Government-Sponsored Enterprises F.124 26 L.124 72

Agency- and GSE-Backed Mortgage Pools F.125 26 L.125 72 

Issuers of Asset-Backed Securities F.126 27 L.126 73 

Finance Companies F.127 27 L.127 73 

Real Estate Investment Trusts F.128 28 L.128 74 

Security Brokers and Dealers F.129 29 L.129 75 

Funding Corporations F.130 29 L.130 75 
Flows Levels

Title Table Page Table Page 

Instruments 

U.S. Official Reserve Assets and SDR Allocations F.200 30 L.200 76 

Special Drawing Rights (SDRs) Certificates and Treasury Currency F.201 30 L.201 76 

U.S. Deposits in Foreign Countries F.202 30 L.202 76 

Net Interbank Transactions F.203 31 L.203 77 

Checkable Deposits and Currency F.204 32 L.204 78 

Time and Savings Deposits F.205 33 L.205 79 

Money Market Mutual Fund Shares F.206 33 L.206 79 

Federal Funds and Security Repurchase Agreements F.207 34 L.207 80 

Open Market Paper F.208 34 L.208 80 

Treasury Securities F.209 35 L.209 81 

Agency- and GSE-Backed Securities F.210 36 L.210 82

Municipal Securities and Loans F.211 37 L.211 83 

Corporate and Foreign Bonds F.212 38 L.212 84 

Corporate Equities F.213 39 L.213 85 

Mutual Fund Shares F.214 39 L.214 85 

Bank Loans Not Elsewhere Classified F.215 40 L.215 86 

Other Loans and Advances F.216 41 L.216 87 

Total Mortgages F.217 42 L.217 88 

Home Mortgages F.218 43 L.218 89 

Multifamily Residential Mortgages F.219 43 L.219 89 

Commercial Mortgages F.220 44 L.220 90 

Farm Mortgages F.221 44 L.221 90 

Consumer Credit F.222 45 L.222 91 
Flows Levels

Title Table Page Table Page 

Trade Credit F.223 45 L.223 91 

Security Credit F.224 45 L.224 91 

Life Insurance and Pension Fund Reserves F.225 46 L.225 92 

Taxes Payable by Businesses F.226 46 L.226 92 

Proprietors' Equity in Noncorporate Business F.227 46 L.227 92 

Total Miscellaneous Financial Claims F.228 47 L.228 93 

 Identified Miscellaneous Financial Claims - Part I F.229 48 L.229 94 

 Identified Miscellaneous Financial Claims - Part II F.230 49 L.230 95 

Unidentified Miscellaneous Financial Claims F.231 50 L.231 96 

Sector Discrepancies F.11 51 

Instrument Discrepancies F.12 51 

Balance Reconciliation

Sheet

Title Table Page Table Page

Balance Sheet, Reconciliation, and 

Supplementary Tables 

Households and Nonprofit Organizations B.100 97 R.100 100 

Nonfarm Nonfinancial Corporate Business B.102 98 R.102 101 

Nonfarm Noncorporate Business B.103 99 R.103 102 

Consolidated Statement for Federal, State, and Local Governments F.106.c 103 L.106.c 104 

Private Pension Funds: Defined Benefit Plans F.118.b 105 L.118.b 106 

Private Pension Funds: Defined Contribution Plans F.118.c 105 L.118.c 106 

Individual Retirement Accounts (IRAs) F.225.i 105 L.225.i 106 

Balance Sheet of Households and Nonprofit Organizations 

with Equity Detail B.100.e 107 
FFA, 2005-2010, March 8, 2012 1

F.1 Total Credit Market Borrowing and Lending (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Credit market borrowing 3554.3 4030.3 4504.4 2612.6 -580.4 554.0 1

 2 Domestic nonfinancial sectors 2324.7 2397.5 2539.5 1937.0 1052.1 1446.1 2

 3 Household sector 1175.0 1172.1 867.0 13.7 -230.9 -279.3 3

 4 Nonfinancial corporate business 361.5 525.1 823.8 340.8 -132.3 284.8 4

 5 Nonfinancial noncorporate business 344.1 418.7 464.7 323.3 -140.1 -205.9 5

 6 State and local governments 137.2 98.3 146.9 20.0 111.5 66.2 6

 7 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 7

 8 Rest of the world 113.0 332.6 170.3 -226.2 211.7 88.2 8

 9 Financial sectors 1116.5 1300.2 1794.6 901.8 -1844.1 -980.3 9

10 U.S.-chartered commercial banks 36.9 107.5 131.8 79.1 -152.6 -133.5 10

11 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 11

12 Bank holding companies 48.2 68.7 129.4 84.0 -10.3 -42.6 12

13 Savings institutions 22.5 -108.2 104.1 -67.1 -169.6 -29.0 13

14 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 14

15 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 15

16 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 16

17 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 17

18 ABS issuers 731.1 811.4 340.0 -408.1 -740.2 -520.3 18

19 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -173.9 19

20 REITs 55.4 15.5 10.2 -53.8 -50.0 -2.1 20

21 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 21

22 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.3 22

23 Credit market lending 3554.3 4030.3 4504.4 2612.6 -580.4 554.0 23

24 Domestic nonfinancial sectors 419.9 188.5 517.5 -94.3 122.0 324.3 24

25 Household sector 242.0 128.0 502.2 -6.0 -140.4 188.0 25

26 Nonfinancial corporate business 42.4 -11.6 -79.1 -32.2 9.6 13.9 26

27 Nonfinancial noncorporate business 11.4 -0.1 10.0 -10.9 -6.7 -3.6 27

28 State and local governments 124.9 66.1 77.9 -131.8 -36.6 40.8 28

29 Federal government -0.9 6.1 6.6 86.5 296.1 85.3 29

30 Rest of the world 752.0 973.6 943.8 357.7 143.5 520.5 30

31 Financial sectors 2382.4 2868.2 3043.1 2349.1 -845.9 -290.9 31

32 Monetary authority 26.4 34.7 -38.3 245.4 1001.6 271.5 32

33 U.S.-chartered commercial banks 506.6 660.0 535.7 531.1 -116.8 -184.3 33

34 Foreign banking offices in U.S. 144.5 103.7 201.7 100.8 -285.8 -30.8 34

35 Bank holding companies -4.2 3.3 23.2 13.9 -16.0 22.1 35

36 Banks in U.S.-affiliated areas 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 36

37 Savings institutions 199.4 -78.0 63.0 -276.1 -249.6 6.6 37

38 Credit unions 36.2 30.1 35.3 40.0 33.1 24.6 38

39 Property-casualty insurance companies 72.8 44.8 5.3 -15.9 33.3 3.9 39

40 Life insurance companies 116.2 67.5 84.8 11.6 139.8 151.6 40

41 Private pension funds 45.3 58.4 102.5 90.6 111.6 108.0 41

42 State and local govt. retirement funds 18.1 114.6 12.3 13.3 -8.8 -8.2 42

43 Federal government retirement funds 7.7 8.4 11.7 24.2 7.4 11.0 43

44 Money market mutual funds -5.5 220.0 375.6 738.6 -644.0 -410.0 44

45 Mutual funds 124.1 184.9 271.1 73.3 380.7 374.3 45

46 Closed-end funds 2.2 6.0 -0.9 -41.1 9.6 5.0 46

47 Exchange-traded funds 6.8 5.7 13.3 23.0 46.0 29.7 47

48 Government-sponsored enterprises -69.1 46.6 239.0 242.9 -337.8 -328.2 48

49 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 49

50 ABS issuers 734.5 803.4 337.1 -391.6 -705.6 -510.5 50

51 Finance companies 64.7 71.0 16.6 -72.3 -223.3 -141.7 51

52 REITs 41.3 26.0 -19.9 -68.9 -8.7 37.1 52

53 Brokers and dealers 82.3 106.2 219.7 -85.7 -192.1 32.2 53

54 Funding corporations 57.5 59.8 -62.7 657.1 -233.0 77.9 54

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 2005-2010, March 8, 2012

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Domestic 2324.7 2397.5 2539.5 1937.0 1052.1 1446.1 1

 2 By instrument 2324.7 2397.5 2539.5 1937.0 1052.1 1446.1 2

 3 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 3

 4 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 4

 5 Agency- and GSE-backed securities -0.4 -0.3 -0.4 0.2 0.1 0.7 5

 6 Municipal securities 193.6 168.3 235.9 95.3 154.5 97.7 6

 7 Corporate bonds 56.7 215.6 311.2 204.6 377.2 420.6 7

 8 Bank loans n.e.c. 134.5 175.3 240.2 192.5 -296.0 -33.0 8

 9 Other loans and advances 119.3 159.8 311.0 74.9 -154.2 -85.3 9

10 Mortgages 1421.1 1377.2 1053.5 84.0 -285.0 -514.5 10

11 Home 1117.5 1070.2 714.0 -111.3 -199.2 -343.3 11

12 Multifamily residential 60.8 37.0 84.4 46.2 7.5 -10.2 12

13 Commercial 233.7 266.7 250.4 127.1 -90.0 -165.9 13

14 Farm 9.1 3.3 4.6 22.0 -3.4 4.9 14

15 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 15

16 By sector 2324.7 2397.5 2539.5 1937.0 1052.1 1446.1 16

17 Household sector 1175.0 1172.1 867.0 13.7 -230.9 -279.3 17

18 Nonfinancial business 705.6 943.7 1288.5 664.1 -272.4 79.0 18

19 Corporate 361.5 525.1 823.8 340.8 -132.3 284.8 19

20 Noncorporate 344.1 418.7 464.7 323.3 -140.1 -205.9 20

21 State and local governments 137.2 98.3 146.9 20.0 111.5 66.2 21

22 Federal government 306.9 183.4 237.1 1239.2 1443.9 1580.2 22

23 Foreign borrowing in U.S. 113.0 332.6 170.3 -226.2 211.7 88.2 23

24 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 24

25 Bonds 64.5 227.8 218.7 -158.8 163.2 72.8 25

26 Bank loans n.e.c. 14.5 13.8 24.1 5.1 -11.2 17.9 26

27 Other loans and advances -4.6 -7.4 -3.2 -1.5 0.3 0.2 27

28 Domestic and foreign 2437.7 2730.1 2709.8 1710.8 1263.8 1534.2 28

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 1116.5 1300.2 1794.6 901.8 -1844.1 -980.3 1

 2 Open market paper 214.2 196.3 -111.4 -125.6 -448.2 -101.7 2

 3 GSE issues -84.0 35.6 282.4 271.7 -475.3 -233.8 3

 4 Agency- and GSE-backed mortgage pool sec. 164.5 292.6 623.3 497.0 415.3 186.9 4

 5 Corporate bonds 744.6 810.2 699.0 -277.5 -589.2 -596.9 5

 6 Bank loans n.e.c. 18.8 -62.3 70.9 496.1 -467.5 -90.2 6

 7 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -144.7 7

 8 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 8

 9 By sector 1116.5 1300.2 1794.6 901.8 -1844.1 -980.3 9

10 U.S.-chartered commercial banks 36.9 107.5 131.8 79.1 -152.6 -133.5 10

11 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 11

12 Bank holding companies 48.2 68.7 129.4 84.0 -10.3 -42.6 12

13 Savings institutions 22.5 -108.2 104.1 -67.1 -169.6 -29.0 13

14 Credit unions 3.3 4.2 13.4 8.3 -14.1 -0.4 14

15 Life insurance companies 0.4 2.7 14.5 26.2 -6.6 -3.2 15

16 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 16

17 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 17

18 ABS issuers 731.1 811.4 340.0 -408.1 -740.2 -520.3 18

19 Finance companies 33.5 34.8 34.9 -79.4 -156.2 -173.9 19

20 REITs 55.4 15.5 10.2 -53.8 -50.0 -2.1 20

21 Brokers and dealers 0.1 6.4 -4.0 77.7 -49.7 36.9 21

22 Funding corporations 104.7 29.1 114.5 466.4 -434.8 -65.3 22
FFA, 2005-2010, March 8, 2012 3

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total 3554.3 4030.3 4504.4 2612.6 -580.4 554.0 1

 2 Open market paper 245.1 317.1 -169.4 -189.0 -461.9 -79.9 2

 3 Treasury securities 307.3 183.7 237.5 1239.0 1443.7 1579.6 3

 4 Agency- and GSE-backed securities 80.0 327.9 905.3 768.9 -59.9 -46.2 4

 5 Municipal securities 193.6 168.3 235.9 95.3 154.5 97.7 5

 6 Corporate and foreign bonds 865.8 1253.6 1228.9 -231.7 -48.7 -103.5 6

 7 Bank loans n.e.c. 167.8 126.9 335.1 693.7 -774.6 -105.4 7

 8 Other loans and advances 159.1 173.6 533.6 106.7 -436.5 -229.8 8

 9 Mortgages 1435.2 1383.8 1058.2 90.8 -281.6 -514.3 9

10 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 183.5 -32.1 -95.8 294.0 803.9 381.2 11

12 Corporate equities -76.7 -368.9 -460.5 263.1 313.4 -8.0 12

13 Nonfinancial -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 13

 Foreign shares purchased by

14 U.S. residents 186.7 137.3 147.8 -38.5 63.6 79.1 14

15 Financial 78.5 59.5 178.6 637.6 314.3 190.8 15

16 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 389.3 16

F.5 Net Increase in Liabilities and Its Relation to Net Acquisition of Financial Assets

Billions of dollars

 Net flows through credit markets

 1 (from table F.4, line 1) 3554.3 4030.3 4504.4 2612.6 -580.4 554.0 1

 2 U.S. official reserve assets -14.1 -2.4 0.1 4.8 99.9 1.8 2

 3 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 3

 4 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 4

 5 Foreign deposits 40.8 87.2 256.0 -394.3 -106.1 71.7 5

 6 Net interbank transactions -12.4 -11.3 -97.5 1801.9 -609.0 -185.8 6

 7 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 7

 8 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.4 8

 9 Large time deposits 284.4 261.2 283.4 -190.6 -141.8 -182.3 9

10 Money market fund shares 127.0 305.3 720.9 724.2 -499.0 -502.9 10

11 Security RPs 315.2 403.2 8.1 -889.5 207.8 -201.3 11

12 Corporate equities -76.7 -368.9 -460.5 263.1 313.4 -8.0 12

13 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 389.3 13

14 Trade payables 340.8 189.1 202.0 -170.0 -23.8 198.8 14

15 Security credit 0.2 211.5 276.5 -397.9 -95.9 123.6 15

16 Life insurance reserves 16.1 65.6 34.2 67.0 26.5 17.2 16

17 Pension fund reserves 275.7 250.9 201.1 125.7 135.4 208.9 17

18 Taxes payable -4.7 22.5 -69.3 -123.8 -3.4 11.2 18

19 Noncorporate proprietors’ equity 3.2 57.2 15.3 -288.5 -13.2 49.7 19

20 Miscellaneous 1246.6 1753.5 2447.3 2050.5 -461.3 1066.7 20

21 Total financial sources 6676.2 7919.4 9039.1 6318.6 -748.5 2177.0 21

 - Liabilities not identified as assets:

22 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 22

23 Foreign deposits 12.3 106.8 196.5 -347.1 -74.4 18.2 23

24 Net interbank liabilities -3.6 -1.9 1.8 30.6 34.4 -20.2 24

25 Security RPs 109.9 312.4 -231.4 -604.9 466.5 -85.4 25

26 Taxes payable -45.4 17.5 -36.5 -64.0 -41.6 -58.0 26

27 Miscellaneous -135.1 -677.6 25.8 1959.2 -348.7 339.2 27

 - Floats not included in assets:

28 Checkable deposits: State and local govt. 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Federal govt. -6.6 -3.0 1.2 -3.3 0.7 0.0 29

30 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 30

31 Trade credit -26.6 154.0 -53.0 12.8 77.4 67.5 31

 Totals identified to sectors

32 as assets 6769.1 8012.3 9136.1 5338.0 -857.5 1918.0 32
4 FFA, 2005-2010, March 8, 2012

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross Domestic Product (GDP) 12623.0 13377.2 14028.7 14291.5 13938.9 14526.6 1

 2 Personal consumption expenditures (2) 8803.5 9301.0 9772.3 10035.5 9866.1 10245.5 2

 3 Durable goods 1123.4 1155.0 1188.4 1108.9 1029.6 1085.5 3

 4 Nondurable goods 1953.4 2069.8 2175.5 2272.8 2167.8 2301.5 4

 5 Services 5726.8 6076.3 6408.3 6653.8 6668.7 6858.5 5

 6 Gross private domestic investment 2172.3 2327.1 2295.2 2087.6 1546.8 1795.1 6

 7 Fixed investment 2122.3 2267.2 2266.1 2128.7 1707.6 1728.2 7

 8 Nonresidential 1347.3 1505.3 1637.5 1656.3 1353.0 1390.1 8

 9 Household sector (nonprofit organizations) 99.1 107.5 120.2 132.0 123.6 118.8 9

10 Nonfinancial corporate business 906.3 1026.9 1104.7 1130.9 903.9 928.2 10

11 Nonfinancial noncorporate business 186.7 208.2 225.0 198.4 157.4 161.4 11

12 Financial institutions 155.3 162.7 187.5 195.0 168.1 181.7 12

13 Residential 775.0 761.9 628.7 472.4 354.7 338.1 13

14 Household sector 681.9 670.1 541.7 397.2 296.0 287.7 14

15 Nonfinancial corporate business 4.2 3.1 15.7 5.5 4.4 -2.1 15

16 Nonfinancial noncorporate business 86.4 85.0 80.5 69.6 54.4 47.8 16

17 REITs 2.5 3.5 -9.3 0.1 -0.1 4.7 17

18 Change in private inventories 50.0 60.0 29.1 -41.1 -160.8 66.9 18

19 Nonfinancial corporate business 47.4 59.9 28.2 -40.2 -151.5 64.7 19

20 Nonfinancial noncorporate business 2.6 0.0 0.9 -0.9 -9.3 2.2 20

21 Net U.S. exports of goods and services -722.7 -769.3 -713.1 -709.7 -391.5 -516.9 21

22 Exports 1305.1 1471.0 1661.7 1846.8 1583.0 1839.8 22

23 - Imports 2027.8 2240.3 2374.8 2556.5 1974.6 2356.7 23

 Government consumption expenditures and

24 gross investment 2369.9 2518.4 2674.2 2878.1 2917.5 3002.8 24

25 Consumption expenditures (3) 1977.9 2093.3 2217.8 2381.0 2412.2 2497.5 25

26 Federal 765.8 811.0 848.9 931.7 986.6 1054.0 26

27 State and local 1212.0 1282.3 1368.9 1449.2 1425.5 1443.5 27

28 Gross investment (3) 392.0 425.1 456.5 497.2 505.4 505.3 28

29 Federal 110.5 120.7 127.4 148.4 156.1 168.8 29

30 State and local 281.6 304.4 329.0 348.8 349.3 336.5 30

 Memo:

31 Net U.S. income receipts from rest of the world 97.1 72.4 123.3 169.2 152.3 189.4 31

32 U.S. income receipts 573.0 721.1 871.0 856.1 639.8 702.9 32

33 - U.S. income payments 475.9 648.6 747.7 686.9 487.5 513.5 33

 Gross National Product (GNP) =

34 GDP + net U.S. income receipts 12720.1 13449.6 14151.9 14460.7 14091.2 14715.9 34

 Acquisition of nonproduced nonfinancial assets (net)

35 Household sector -9.2 -10.2 -11.3 -11.2 -11.2 -11.3 35

36 Nonfinancial corporate business -0.6 12.5 -1.7 16.3 3.9 -3.4 36

37 State and local governments 10.3 11.1 13.8 14.1 14.4 14.5 37

38 Federal governments -0.5 -13.3 -1.3 -19.2 -7.1 0.2 38

39 Rest of the world 0.1 -0.1 0.5 -0.0 0.0 0.0 39

(1) This table is based on NIPA table 1.1.5 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

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

(3) Government inventory investment is included in consumption expenditures.
FFA, 2005-2010, March 8, 2012 5

F.7 Distribution of National Income (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 National Income 11273.8 12031.2 12396.4 12609.1 12147.6 12840.1 1

 2 Compensation of employees 7065.0 7477.0 7855.9 8068.3 7806.4 7971.4 2

 3 Wages and other labor income 6632.6 7029.0 7402.2 7603.2 7343.4 7498.2 3

 4 Employer social insurance contributions 427.5 446.7 459.9 470.1 458.0 473.2 4

 5 Wage accruals less disbursements 5.0 1.3 -6.3 -5.0 5.0 0.0 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 1069.8 1133.0 1090.4 1097.9 941.2 1036.4 6

 Rental income of persons (with capital

 7 consumption adjustment) 178.2 146.5 143.7 231.6 305.9 350.2 7

 Corporate profits with inventory

 8 valuation and capital consumption adjustments 1456.1 1608.3 1510.6 1248.4 1362.0 1800.1 8

 Corporate profits with inventory

 9 valuation adjustment 1609.5 1784.7 1691.1 1315.5 1456.3 1780.4 9

10 Profits before tax 1640.2 1822.7 1738.4 1359.9 1455.7 1819.5 10

11 Domestic nonfinancial 957.1 1117.9 1042.0 831.2 693.5 942.8 11

12 Domestic financial 443.6 448.0 345.5 122.2 401.8 494.7 12

13 Rest of the world 239.4 256.8 350.9 406.6 360.4 381.9 13

 Less:

14 Taxes on corporate income 412.4 473.3 445.5 309.0 272.4 411.1 14

15 Domestic nonfinancial 271.9 307.6 293.8 227.4 175.0 229.3 15

16 Domestic financial 140.5 165.6 151.7 81.6 97.4 181.8 16

 Equals:

17 Profits after tax 1227.8 1349.5 1292.9 1050.9 1183.3 1408.4 17

18 Net dividends 557.3 704.8 794.5 786.9 620.0 737.3 18

19 Domestic nonfinancial 170.9 471.1 484.6 474.1 349.0 398.8 19

20 Domestic financial 125.6 155.7 165.2 132.2 167.4 216.5 20

21 Rest of the world 260.9 77.9 144.8 180.5 103.6 122.0 21

22 Undistributed profits 670.5 644.7 498.4 264.0 563.3 671.1 22

23 Domestic nonfinancial 514.4 339.1 263.6 129.6 169.5 314.7 23

24 Domestic financial 177.4 126.6 28.7 -91.7 137.0 96.4 24

25 Rest of the world -21.4 178.9 206.1 226.1 256.8 259.9 25

26 Inventory valuation adjustment -30.7 -38.0 -47.2 -44.5 0.6 -39.1 26

27 Capital consumption adjustment -153.4 -176.4 -180.5 -67.1 -94.3 19.7 27

28 Domestic nonfinancial -128.8 -156.0 -158.8 -31.7 -52.0 47.8 28

29 Domestic financial -24.6 -20.4 -21.7 -35.4 -42.3 -28.1 29

30 Net interest and miscellaneous payments 543.1 652.2 731.6 870.1 656.7 564.3 30

31 Taxes on production and imports 930.2 986.8 1027.2 1038.6 1017.9 1054.0 31

32 Less: Subsidies 60.9 51.4 54.6 52.9 59.7 57.3 32

33 Business current transfer payments (net) 95.9 83.0 103.3 123.0 132.0 136.7 33

34 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.0 -14.9 -15.7 34

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

35 National Income, from line 1 above 11273.8 12031.2 12396.4 12609.1 12147.6 12840.1 35

 Plus:

36 Private consumption of fixed capital 1290.8 1391.4 1476.2 1542.9 1542.4 1540.9 36

37 Government consumption of fixed capital 250.6 269.3 291.3 311.2 323.7 334.0 37

38 Statistical discrepancy -95.1 -242.3 -12.0 -2.4 77.4 0.8 38

 Less:

39 Net U.S. income receipts from rest of the world 97.1 72.4 123.3 169.2 152.3 189.4 39

 Equals:

40 Gross Domestic Product 12623.0 13377.2 14028.7 14291.5 13938.9 14526.6 40

(1) This table corresponds to NIPA table 1.12 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) The relationship of National Income to Gross Domestic Product is shown on NIPA table 1.7.5 in the Survey of Current Business, Bureau of Economic Analysis.
6 FFA, 2005-2010, March 8, 2012

F.8 Saving and Investment by Sector (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 1918.9 2196.1 2047.7 1908.2 1597.3 1820.4 1

 2 Net saving 377.5 535.4 280.2 54.1 -268.8 -54.5 2

 3 Net private saving 634.6 688.1 513.2 739.8 1027.1 1244.5 3

 4 Domestic business 486.4 430.3 270.7 152.5 469.6 651.7 4

 5 Nonfinancial corporate business 338.6 295.4 226.3 237.5 325.6 533.7 5

 6 Financial business 147.7 134.8 44.3 -85.0 143.9 118.0 6

 7 Households and institutions 148.2 257.9 242.5 587.3 557.6 592.8 7

 8 Net government saving -257.1 -152.7 -233.0 -685.7 -1296.0 -1299.0 8

 9 Federal -283.0 -203.8 -245.2 -613.5 -1217.9 -1273.7 9

10 State and local 25.9 51.0 12.2 -72.2 -78.1 -25.3 10

11 Consumption of fixed capital 1541.4 1660.7 1767.5 1854.1 1866.2 1874.9 11

12 Private 1290.8 1391.4 1476.2 1542.9 1542.4 1540.9 12

13 Domestic business 1045.7 1123.3 1190.7 1248.3 1249.9 1245.7 13

14 Nonfinancial corporate business 743.0 800.9 840.1 864.3 862.2 856.8 14

15 Nonfinancial noncorporate business 175.5 189.6 210.1 211.3 210.8 209.7 15

16 Financial business 127.3 132.8 140.6 172.7 176.9 179.1 16

17 Households and institutions 245.1 268.1 285.5 294.6 292.5 295.2 17

18 Government 250.6 269.3 291.3 311.2 323.7 334.0 18

19 Federal 100.4 106.6 112.6 120.0 124.7 130.0 19

20 State and local 150.1 162.7 178.7 191.2 199.0 204.0 20

 Gross domestic investment, capital account

21 transactions, and net lending, NIPAs 1823.8 1953.8 2035.7 1905.8 1674.8 1821.3 21

22 Gross domestic investment 2564.3 2752.2 2751.7 2584.8 2052.2 2300.4 22

23 Gross private domestic investment 2172.3 2327.1 2295.2 2087.6 1546.8 1795.1 23

24 Domestic business 1391.3 1549.5 1633.3 1558.4 1127.2 1388.6 24

25 Nonfinancial corporate business 998.0 1139.1 1162.2 1096.2 756.7 995.5 25

26 Nonfinancial noncorporate business 238.0 247.7 283.7 267.2 202.4 211.4 26

27 Financial business 155.3 162.7 187.5 195.0 168.1 181.7 27

28 Households and institutions 781.0 777.7 661.9 529.2 419.6 406.5 28

29 Gross government investment 392.0 425.1 456.5 497.2 505.4 505.3 29

30 Federal 110.5 120.7 127.4 148.4 156.1 168.8 30

31 State and local 281.6 304.4 329.0 348.8 349.3 336.5 31

32 Capital account transactions (net) (2) -12.9 2.1 -0.1 -5.4 0.6 0.7 32

33 Private -32.6 19.0 -10.0 -71.0 -143.5 -85.3 33

34 Domestic business -1.5 12.5 -1.7 -51.2 -85.7 -31.4 34

35 Nonfinancial corporate business -16.1 12.5 -1.7 12.6 42.2 17.8 35

36 Nonfinancial noncorporate business -13.1 0.0 0.0 -3.3 -6.0 -7.8 36

37 Financial business 27.7 0.0 0.0 -60.5 -121.9 -41.5 37

38 Households and institutions -31.2 6.5 -8.3 -19.8 -57.8 -53.9 38

39 Government 19.8 -17.0 10.0 65.6 144.1 86.0 39

40 Federal 59.3 29.3 55.0 114.3 197.0 149.8 40

41 State and local -39.5 -46.3 -45.1 -48.7 -52.9 -63.8 41

42 Net lending (+) or net borrowing (-), NIPAs (3) -727.7 -800.5 -715.9 -673.6 -378.0 -479.9 42

43 Private -309.4 -508.9 -307.8 263.7 1243.7 1076.4 43

44 Domestic business 47.2 -250.7 -182.2 -108.8 755.4 541.0 44

45 Nonfinancial corporate business (3) 4.6 -297.5 -106.0 -9.5 466.3 378.0 45

46 Nonfinancial noncorporate business -49.5 -58.2 -73.6 -52.6 14.5 6.1 46

47 Financial business 92.0 104.9 -2.6 -46.7 274.6 156.9 47

48 Households and institutions -356.6 -258.2 -125.7 372.6 488.3 535.4 48

49 Government -418.3 -291.6 -408.1 -937.3 -1621.7 -1556.3 49

50 Federal -352.4 -247.2 -315.0 -756.2 -1446.3 -1462.3 50

51 State and local -66.0 -44.3 -93.1 -181.1 -175.4 -94.0 51

52 Statistical discrepancy (line 21 less line 1) -95.1 -242.3 -12.0 -2.4 77.4 0.8 52

 Addenda:

53 Disaster losses 110.4 0.0 0.0 19.1 0.0 0.0 53

54 Private 99.2 0.0 0.0 19.1 0.0 0.0 54

55 Domestic business 48.8 0.0 0.0 10.8 0.0 0.0 55

56 Households and institutions 50.4 0.0 0.0 8.3 0.0 0.0 56

57 Government 11.2 0.0 0.0 0.0 0.0 0.0 57

58 Federal 0.5 0.0 0.0 0.0 0.0 0.0 58

59 State and local 10.7 0.0 0.0 0.0 0.0 0.0 59

(1) This table is based on NIPA table 5.1 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov). It is consistent with the Integrated Macroeconomic Accounts of the

 United States jointly compiled by the Federal Reserve Board and the Bureau of Economic Analysis.

(2) Consists of net capital transfers shown on table F.9 and the acquisition of nonproduced nonfinancial assets (net) shown on table F.6.

(3) Differs from net lending or net borrowing (capital account) in the Integrated Macroeconomic Accounts of the United States by the statistical discrepancy (line 52).
FFA, 2005-2010, March 8, 2012 7

F.9 Net Capital Transfers (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Capital transfers paid, by sector 165.7 103.6 114.5 209.6 290.1 209.9 1

 2 By private business 28.9 0.0 0.0 7.6 40.4 25.8 2

 3 Financial corporations 28.9 0.0 0.0 7.6 0.0 0.0 3

 4 Disaster-related insurance benefits 28.9 0.0 0.0 7.6 0.0 0.0 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 40.4 25.8 6

 7 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 By government 91.2 70.5 82.8 161.8 224.7 164.6 8

 9 Federal 84.8 70.5 82.8 161.8 224.7 164.6 9

10 Investment grants to state and local govts. 48.9 52.1 53.7 57.1 62.8 73.6 10

11 Disaster-related insurance benefits 17.3 0.0 0.0 2.8 0.0 0.0 11

12 Financial stabilization payments 0.0 0.0 0.0 67.7 121.9 41.5 12

13 Other capital transfers paid to business 0.0 0.0 0.0 0.1 8.1 12.3 13

14 Other capital transfers paid to persons 15.9 16.4 28.7 33.3 31.3 36.4 14

15 Capital transfers paid to the rest of the world (net) 2.6 2.0 0.4 0.8 0.6 0.7 15

16 State and local 6.4 0.0 0.0 0.0 0.0 0.0 16

17 Disaster-related insurance benefits 6.4 0.0 0.0 0.0 0.0 0.0 17

18 By persons 30.3 33.1 31.7 34.0 25.1 19.5 18

19 Estate and gift taxes, federal 25.0 27.8 26.5 28.3 20.6 15.0 19

20 Estate and gift taxes, state and local 5.3 5.3 5.3 5.8 4.5 4.5 20

21 By the rest of the world 15.4 0.0 0.0 6.2 0.0 0.0 21

22 Disaster-related insurance benefits 15.4 0.0 0.0 6.2 0.0 0.0 22

23 Other 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital transfers received, by sector 165.7 103.6 114.5 209.6 290.1 209.9 24

25 By private business 29.7 0.0 0.0 75.0 130.0 53.8 25

26 Financial corporations 1.1 0.0 0.0 68.1 121.9 41.5 26

27 Disaster-related insurance benefits 1.1 0.0 0.0 0.4 0.0 0.0 27

28 Other 0.0 0.0 0.0 67.7 121.9 41.5 28

29 Nonfinancial corporations 15.5 0.0 0.0 3.7 2.1 4.6 29

30 Disaster-related insurance benefits 15.5 0.0 0.0 3.6 0.0 0.0 30

31 Other 0.0 0.0 0.0 0.1 2.1 4.6 31

32 Noncorporate business 13.1 0.0 0.0 3.3 6.0 7.8 32

33 Disaster-related insurance benefits 13.1 0.0 0.0 3.3 0.0 0.0 33

34 Other 0.0 0.0 0.0 0.0 6.0 7.8 34

35 By government 81.2 85.2 85.4 91.1 87.9 93.3 35

36 Federal 25.0 27.8 26.5 28.3 20.6 15.0 36

37 Estate and gift taxes paid by persons 25.0 27.8 26.5 28.3 20.6 15.0 37

38 State and local 56.2 57.4 58.9 62.8 67.3 78.3 38

39 Disaster-related insurance benefits 2.1 0.0 0.0 0.0 0.0 0.0 39

40 Estate and gift taxes paid by persons 5.3 5.3 5.3 5.8 4.5 4.5 40

41 Investment grants paid by federal government 48.9 52.1 53.7 57.1 62.8 73.6 41

42 Other 0.0 0.0 0.0 0.0 0.0 0.2 42

43 By persons 52.2 16.4 28.7 42.6 71.7 62.0 43

44 Disaster-related insurance benefits 36.3 0.0 0.0 9.3 0.0 0.0 44

45 Other 15.9 16.4 28.7 33.3 71.7 62.0 45

46 By the rest of the world 2.6 2.0 0.4 0.8 0.6 0.7 46

47 Capital transfers paid by U.S. government 2.6 2.0 0.4 0.8 0.6 0.7 47

48 Other 0.0 0.0 0.0 0.0 0.0 0.0 48

 Addenda: Net capital transfers paid by sector

49 By private business (lines 2-25) -0.9 -0.0 -0.0 -67.5 -89.6 -28.0 49

50 Financial corporations (lines 3-26) 27.7 0.0 0.0 -60.5 -121.9 -41.5 50

51 Property-casualty insurance companies (line 4) 28.9 0.0 0.0 7.6 0.0 0.0 51

52 U.S.-chartered commercial banks -1.1 0.0 0.0 -29.7 -18.2 2.4 52

53 Financial stabilization payments (2) 0.0 0.0 0.0 -29.3 -18.2 2.4 53

54 Other (lines 5-27) -1.1 0.0 0.0 -0.4 0.0 0.0 54

55 Bank holding companies (GMAC) (2) 0.0 0.0 0.0 -3.2 -11.3 -1.5 55

56 Government-sponsored enterprises (2) 0.0 0.0 0.0 -6.9 -87.1 -40.2 56

57 Funding corporations (AIG) (2) 0.0 0.0 0.0 -28.3 -5.3 -2.2 57

58 Nonfinancial corporations (lines 6-29) -15.5 -0.0 -0.0 -3.7 38.3 21.3 58

59 Noncorporate business (lines 7-32) -13.1 0.0 0.0 -3.3 -6.0 -7.8 59

60 By government (lines 8-35) 10.0 -14.7 -2.6 70.6 136.8 71.2 60

61 Federal (lines 9-36) 59.8 42.7 56.3 133.5 204.1 149.6 61

62 State and local (lines 16-38) -49.8 -57.4 -58.9 -62.8 -67.3 -78.3 62

63 By persons (lines 18-43) -21.9 16.8 3.0 -8.6 -46.6 -42.6 63

64 By the rest of the world (lines 21-46) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 64

(1) This table is based on NIPA table 5.10 in the Survey of Current Business, Bureau of Economic Analysis (www.bea.gov).

(2) Sum of lines 53, 55, 56, and 57 equals the negative of line 12. Series treated as capital losses rather than as capital transfers in the Flow of Funds Accounts.
8 FFA, 2005-2010, March 8, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net acquisition of financial assets 1238.9 1265.7 1496.1 757.0 119.4 363.3 1

 2 Foreign deposits 2.4 5.2 15.4 -23.7 -6.4 4.3 2

 3 Checkable deposits and currency -50.5 30.9 -5.0 240.5 58.7 -166.2 3

 4 Time and savings deposits 510.5 506.8 492.1 193.0 102.4 215.9 4

 5 Money market fund shares 47.6 168.4 234.4 236.2 -270.4 -186.4 5

 6 Securities 43.8 -268.8 -128.2 -134.5 256.9 322.6 6

 7 Open market paper 14.7 19.0 -10.2 -101.3 28.7 28.8 7

 8 U.S. savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 8

 9 Treasury bills and other Treasury securities -90.9 -81.1 -41.0 151.7 419.6 361.5 9

10 Agency- and GSE-backed securities 110.9 -40.0 313.9 97.6 -566.2 91.1 10

11 Municipal securities 77.4 43.3 43.6 40.9 130.0 61.2 11

12 Corporate and foreign bonds 124.5 207.7 208.3 -213.9 -140.2 -341.5 12

13 Corporate equities (2) -368.3 -581.5 -845.9 -108.4 88.0 -72.1 13

14 Mutual fund shares 174.8 166.5 209.1 1.4 299.8 196.9 14

15 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 15

16 Pension fund reserves 275.7 250.9 201.1 125.7 135.4 208.9 16

17 Miscellaneous and other assets 393.2 514.4 668.3 57.9 -180.8 -44.8 17

18 Gross investment in nonfinancial assets 2094.7 2136.4 2063.9 1826.4 1576.1 1622.8 18

19 Residential fixed investment 768.3 755.2 622.2 466.8 350.3 335.5 19

20 Nonresidential fixed investment 285.8 315.8 345.3 330.4 281.0 280.2 20

21 Consumer durables 1047.2 1075.7 1106.8 1041.3 965.3 1016.2 21

22 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.2 -11.2 -11.3 22

23 Inventories 2.6 0.0 0.9 -0.9 -9.3 2.2 23

24 Consumption of fixed capital 1197.7 1272.3 1346.1 1412.4 1420.5 1420.3 24

25 Residential fixed investment 236.8 258.9 269.8 272.2 266.0 266.7 25

26 Nonresidential fixed investment 163.1 176.6 202.2 233.7 237.3 238.3 26

27 Consumer durables 797.8 836.9 874.0 906.5 917.2 915.3 27

28 Net investment in nonfinancial assets (3) 897.0 864.1 717.8 414.0 155.6 202.5 28

29 Residential fixed investment 531.6 496.3 352.4 194.7 84.3 68.8 29

30 Nonresidential fixed investment 122.6 139.2 143.0 96.7 43.6 41.9 30

31 Consumer durables 249.5 238.8 232.8 134.8 48.1 100.9 31

32 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.2 -11.2 -11.3 32

33 Inventories 2.6 0.0 0.9 -0.9 -9.3 2.2 33

34 Net increase in liabilities 1702.6 1832.6 1504.9 328.3 -287.3 -379.6 34

35 Home mortgages 1109.8 1062.0 711.1 -101.1 -186.8 -336.5 35

36 Other mortgages 117.7 226.9 286.4 230.8 22.0 -105.2 36

37 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 37

38 Policy loans 0.8 3.3 3.6 5.9 0.7 3.4 38

39 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 39

40 Other liabilities 405.5 385.4 330.9 314.6 -46.1 27.6 40

41 Net capital transfers paid (4) -35.0 16.8 3.0 -11.9 -52.6 -50.3 41

42 Personal saving, FOF concept (FOF) 398.3 313.9 712.0 830.8 509.7 895.0 42

43 - Net investment in consumer durables 249.5 238.8 232.8 134.8 48.1 100.9 43

44 - Government insurance and pension fund reserves (5) 0.7 0.1 0.1 -0.6 0.5 -1.7 44

45 = Personal saving, NIPA concept (FOF) (6) 148.1 74.9 479.1 696.7 461.1 795.9 45

46 Personal saving, NIPA concept (NIPA) 143.2 256.6 248.7 592.3 552.6 592.8 46

47 Difference 5.0 -181.7 230.4 104.4 -91.5 203.1 47

 Memo:

48 Disposable personal income 9277.3 9915.7 10423.6 11024.5 10788.8 11179.7 48

 Personal saving as a percentage of disposable personal income:

49 FOF concept (FOF data) (line 42) 4.3 3.2 6.8 7.5 4.7 8.0 49

50 NIPA concept (FOF data) (line 45) 1.6 0.8 4.6 6.3 4.3 7.1 50

51 NIPA concept (NIPA data) (line 46) 1.5 2.6 2.4 5.4 5.1 5.3 51

52 Difference (line 47) 0.1 -1.8 2.2 0.9 -0.8 1.8 52

(1) Consolidated statement for households and nonprofit organizations and nonfinancial noncorporate business.

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

(3) Line 18 less line 24.

(4) Table F.9, line 59 plus line 63.

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

(6) Line 45 and 46 are conceptually equivalent but measure saving using different data. Line 45 is net acquisition of financial assets net of government insurance and pension fund reserves (line 1 less line 44) plus

 net investment in nonfinancial assets net of consumer durables (line 28 less line 43) less net increase in liabilities (line 34) plus net capital transfers paid (line 41). Line 46 is disposable personal income (line 48) less

 personal outlays (table F.100, line 4).
FFA, 2005-2010, March 8, 2012 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Personal income 10485.9 11268.1 11912.3 12460.2 11930.2 12373.5 1

 2 - Personal current taxes 1208.6 1352.4 1488.7 1435.7 1141.4 1193.9 2

 3 = Disposable personal income 9277.3 9915.7 10423.6 11024.5 10788.8 11179.7 3

 4 - Personal outlays 9134.1 9659.1 10174.9 10432.2 10236.3 10586.9 4

 5 = Personal saving, NIPA (2) 143.2 256.6 248.7 592.3 552.6 592.8 5

 6 + Government insurance and pension reserves (3) 0.7 0.1 0.1 -0.6 0.5 -1.7 6

 7 + Net investment in consumer durables 249.5 238.8 232.8 134.8 48.1 100.9 7

 8 + Consumption of fixed capital 1047.3 1110.0 1161.8 1201.2 1209.7 1210.6 8

 9 - Net capital transfers paid (4) -21.9 16.8 3.0 -8.6 -46.6 -42.6 9

10 = Gross saving less net capital transfers paid 1462.6 1588.8 1640.4 1936.2 1857.4 1945.0 10

11 Gross investment 1467.5 1407.1 1870.8 2040.6 1766.0 2148.1 11

12 Capital expenditures 1819.0 1843.1 1757.4 1559.3 1373.7 1411.3 12

13 Residential 681.9 670.1 541.7 397.2 296.0 287.7 13

14 Consumer durable goods 1047.2 1075.7 1106.8 1041.3 965.3 1016.2 14

15 Nonprofit nonresidential 99.1 107.5 120.2 132.0 123.6 118.8 15

16 Nonproduced nonfinancial assets -9.2 -10.2 -11.3 -11.2 -11.2 -11.3 16

17 Net lending (+) or net borrowing (-) -351.4 -436.0 113.4 481.3 392.3 736.8 17

18 Net acquisition of financial assets 806.0 809.8 1029.5 359.7 210.6 556.7 18

19 Foreign deposits 2.4 5.2 15.4 -23.7 -6.4 4.3 19

20 Checkable deposits and currency -127.2 -43.8 -71.8 236.8 38.2 -145.0 20

21 Time and savings deposits 487.1 486.5 477.2 194.3 107.2 230.3 21

22 Money market fund shares 45.2 165.2 232.2 235.1 -268.7 -183.4 22

23 Credit market instruments 242.0 128.0 502.2 -6.0 -140.4 188.0 23

24 Open market paper 14.7 19.0 -10.2 -101.3 28.7 28.8 24

25 Treasury securities -96.2 -83.9 -50.0 156.8 422.5 360.1 25

26 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 26

27 Other -96.9 -81.2 -44.0 159.2 425.2 363.4 27

28 Agency- and GSE-backed securities 110.9 -40.0 313.9 97.6 -566.2 91.1 28

29 Municipal securities 77.3 42.0 44.1 41.3 129.8 61.4 29

30 Corporate and foreign bonds 124.5 207.7 208.3 -213.9 -140.2 -341.5 30

31 Other loans and advances (5) 2.7 0.4 8.5 12.2 -5.3 -0.6 31

32 Mortgages 8.1 -17.2 -12.4 1.4 -9.7 -11.3 32

33 Corporate equities (6) -368.3 -581.5 -845.9 -108.4 88.0 -72.1 33

34 Mutual fund shares 174.8 166.5 209.1 1.4 299.8 196.9 34

35 Security credit -3.0 80.4 210.8 -123.8 -74.1 25.7 35

36 Life insurance reserves 16.1 57.8 18.0 61.7 23.7 9.0 36

37 Pension fund reserves 275.7 250.9 201.1 125.7 135.4 208.9 37

38 Equity in noncorporate business 3.2 57.2 15.3 -288.5 -13.2 49.7 38

39 Miscellaneous assets 58.0 37.4 66.1 55.1 21.1 44.4 39

40 Net increase in liabilities 1157.4 1245.8 916.1 -121.6 -181.7 -180.1 40

41 Credit market instruments 1175.0 1172.1 867.0 13.7 -230.9 -279.3 41

42 Home mortgages (7) 1042.3 987.8 677.2 -54.2 -145.3 -299.2 42

43 Consumer credit 100.4 95.4 139.3 38.8 -115.3 -44.2 43

44 Municipal securities 14.8 16.3 20.6 8.0 6.0 -2.3 44

45 Bank loans n.e.c. (8) 9.7 49.9 13.4 18.0 30.1 76.5 45

46 Other loans and advances 0.0 4.8 3.2 6.2 0.5 2.4 46

47 Commercial mortgages 7.8 17.9 13.3 -3.0 -6.9 -12.6 47

48 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 48

49 Trade payables 13.0 13.6 14.6 22.2 16.0 21.4 49

 Deferred and unpaid

50 life insurance premiums 1.0 0.5 1.0 3.2 -4.9 2.7 50

51 Discrepancy -5.0 181.7 -230.4 -104.4 91.5 -203.1 51

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end

 outstandings of nonprofit organizations.

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

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

(4) Table F.9, line 63.

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

(6) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual fund shares (line 34) and life insurance and pension reserves (lines 36 and 37).

(7) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table F.218, line 24.

(8) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table F.109, line 17.
10 FFA, 2005-2010, March 8, 2012

F.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Income before taxes 2087.3 2314.0 2208.0 2030.6 1748.8 2099.4 1

 2 Gross saving less net capital transfers paid 1258.8 1256.1 1251.0 1318.9 1365.0 1585.8 2

 3 Gross investment 1100.8 1126.4 1125.1 384.0 1541.0 1493.4 3

 4 Capital expenditures 1233.0 1395.8 1453.4 1379.6 963.2 1198.8 4

 5 Fixed investment 1183.6 1323.3 1426.0 1404.4 1120.0 1135.3 5

 6 Residential 90.6 88.2 96.2 75.1 58.8 45.7 6

 7 Nonresidential 1093.0 1235.1 1329.8 1329.3 1061.2 1089.6 7

 8 Change in inventories 50.0 60.0 29.1 -41.1 -160.8 66.9 8

 9 Nonproduced nonfinancial assets -0.6 12.5 -1.7 16.3 3.9 -3.4 9

10 Net lending (+) or net borrowing (-) -132.1 -269.4 -328.3 -995.6 577.9 294.6 10

11 Net acquisition of financial assets 1383.0 1220.7 1554.3 -506.7 208.0 689.2 11

12 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 40.5 12

13 Checkable deposits and currency 150.5 -41.6 58.4 -104.9 147.8 257.8 13

14 Time and savings deposits 73.4 66.9 -40.7 -60.7 102.1 -31.6 14

15 Money market fund shares 42.0 71.3 130.2 159.3 -58.1 -131.6 15

16 Security RPs 8.1 1.0 -7.5 -0.9 0.7 4.4 16

17 Credit market instruments 53.8 -11.7 -69.1 -43.0 2.9 10.2 17

18 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 15.5 18

19 Treasury securities 24.1 -6.5 -4.1 -15.4 6.8 -1.5 19

20 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 0.9 20

21 Municipal securities 0.4 -2.7 0.6 -3.4 1.1 -6.5 21

22 Mortgages 7.0 -10.0 -11.0 -10.7 -5.3 -5.6 22

23 Consumer credit 0.4 -2.0 1.0 1.2 -2.6 7.5 23

24 Mutual fund shares 1.5 24.9 0.2 -6.1 40.4 16.8 24

25 Trade receivables 344.2 21.7 217.8 -174.9 -56.9 110.4 25

26 Miscellaneous assets 699.5 1102.5 1264.1 -250.0 22.3 412.3 26

27 Net increase in liabilities 1515.1 1490.1 1882.7 488.9 -369.9 394.6 27

28 Credit market instruments 705.6 943.7 1288.5 664.1 -272.4 79.0 28

29 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 29

30 Municipal securities 42.2 54.3 69.0 68.2 37.8 34.7 30

31 Corporate bonds 56.7 215.6 311.2 204.6 377.2 420.6 31

32 Bank loans n.e.c. 124.8 125.4 226.8 174.6 -326.1 -109.5 32

33 Other loans and advances 118.7 154.5 307.2 67.9 -155.5 -88.6 33

34 Mortgages 371.0 371.5 363.0 141.2 -132.8 -202.7 34

35 Corporate equities -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 35

36 Trade payables 248.7 123.4 111.1 -219.4 -77.6 141.0 36

37 Taxes payable 6.9 8.2 -45.8 9.8 -9.5 -1.8 37

38 Miscellaneous liabilities 891.4 916.5 1302.8 670.3 63.8 405.0 38

39 Proprietors’ net investment 4.4 64.0 12.8 -300.0 -9.6 49.3 39

40 Discrepancy 158.0 129.7 126.0 934.9 -176.1 92.4 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
FFA, 2005-2010, March 8, 2012 11

F.102 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Profits before tax (book) 957.1 1117.9 1042.0 831.2 693.5 942.8 1

 2 - Taxes on corporate income 271.9 307.6 293.8 227.4 175.0 229.3 2

 3 - Net dividends 170.9 471.1 484.6 474.1 349.0 398.8 3

 4 + Capital consumption allowance (1) 613.7 643.8 681.8 831.6 808.7 902.5 4

 5 = U.S. internal funds, book 1128.1 982.9 945.4 961.2 978.2 1217.2 5

 6 + Foreign earnings retained abroad -17.5 148.9 168.5 183.9 207.7 211.4 6

 7 + Inventory valuation adjustment (IVA) -30.7 -38.0 -47.2 -44.5 0.6 -39.1 7

 8 - Net capital transfers paid (2) -15.5 -0.0 -0.0 -3.7 38.3 21.3 8

 9 = Total internal funds + IVA 1095.4 1093.7 1066.8 1104.4 1148.1 1368.3 9

10 Gross investment 937.4 964.1 940.8 169.5 1324.2 1275.9 10

11 Capital expenditures 957.3 1102.5 1146.9 1112.4 760.8 987.4 11

12 Fixed investment (3) 910.5 1030.0 1120.4 1136.4 908.3 926.1 12

13 Inventory change + IVA 47.4 59.9 28.2 -40.2 -151.5 64.7 13

14 Nonproduced nonfinancial assets -0.6 12.5 -1.7 16.3 3.9 -3.4 14

15 Net lending (+) or net borrowing (-) -19.8 -138.4 -206.1 -943.0 563.4 288.5 15

16 Net acquisition of financial assets 945.7 700.9 1074.9 -604.0 308.7 833.3 16

17 Foreign deposits 9.9 -14.2 0.9 -25.5 6.8 40.5 17

18 Checkable deposits and currency 73.9 -116.3 -8.5 -108.7 127.4 279.0 18

19 Time and savings deposits 49.9 46.6 -55.7 -59.4 106.9 -17.2 19

20 Money market fund shares 39.6 68.1 128.1 158.2 -56.5 -128.6 20

21 Security RPs 8.1 1.0 -7.5 -0.9 0.7 4.4 21

22 Credit market instruments 42.4 -11.6 -79.1 -32.2 9.6 13.9 22

23 Commercial paper 16.0 11.7 -53.2 -12.2 -1.3 15.5 23

24 Treasury securities 18.1 -6.7 -7.1 -7.9 12.5 0.4 24

25 Agency- and GSE-backed securities 6.0 -2.2 -2.4 -2.6 4.2 0.9 25

26 Municipal securities 0.3 -4.0 1.1 -3.0 0.9 -6.3 26

27 Mortgages 1.7 -8.4 -18.4 -7.7 -4.1 -4.1 27

28 Consumer credit 0.4 -2.0 1.0 1.2 -2.6 7.5 28

29 Mutual fund shares 1.5 24.9 0.2 -6.1 40.4 16.8 29

30 Trade receivables 277.6 -18.3 163.1 -172.0 -30.6 130.6 30

31 Miscellaneous assets 442.8 720.7 933.4 -357.5 104.0 493.9 31

32 U.S. direct investment abroad (4) 24.7 219.2 307.0 262.6 279.8 322.1 32

33 Insurance receivables 21.2 7.6 8.3 10.9 -0.9 3.0 33

34 Equity in GSEs 0.0 0.1 0.1 -0.1 0.0 0.1 34

35 Investment in finance co. subs. 64.4 22.9 -54.8 -1.1 -9.3 20.3 35

36 Other 332.4 470.9 672.7 -629.9 -165.7 148.4 36

37 Net increase in liabilities 965.5 839.3 1281.0 339.0 -254.7 544.8 37

38 Net funds raised in markets 19.7 -40.6 37.0 4.8 -196.9 6.9 38

39 Net new equity issues -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 39

40 Credit market instruments 361.5 525.1 823.8 340.8 -132.3 284.8 40

41 Commercial paper -7.7 22.4 11.3 7.7 -73.1 24.5 41

42 Municipal securities (5) 42.2 54.3 69.0 68.2 37.8 34.7 42

43 Corporate bonds (4) 56.7 215.6 311.2 204.6 377.2 420.6 43

44 Bank loans n.e.c. -33.1 10.2 86.0 55.0 -209.8 -25.6 44

45 Other loans and advances (6) 109.9 134.2 290.4 51.0 -144.4 -96.5 45

46 Mortgages 193.6 88.4 55.9 -45.7 -120.2 -72.8 46

47 Trade payables 199.0 109.0 85.1 -225.2 -85.3 161.1 47

48 Taxes payable -1.8 -0.8 -49.6 3.1 -3.3 3.4 48

49 Miscellaneous liabilities 748.6 771.7 1208.6 556.2 30.7 373.5 49

50 Foreign direct investment in U.S. 98.7 191.0 211.6 189.5 112.0 186.2 50

51 Pension fund contributions payable -1.9 -2.0 4.4 0.7 2.5 -1.3 51

52 Other 651.8 582.7 992.6 366.0 -83.8 188.6 52

53 Discrepancy 158.0 129.7 126.0 934.9 -176.1 92.4 53

 Memo:

54 Financing gap (7) -140.1 157.6 248.7 195.7 -218.0 -190.7 54

(1) Consumption of fixed capital plus capital consumption adjustment.

(2) Table F.9, line 58.

(3) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 10 and 15 respectively.

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

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

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

(7) Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
12 FFA, 2005-2010, March 8, 2012

F.103 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving = consumption of fixed capital 150.3 162.3 184.3 211.3 210.8 209.7 1

 2 Gross saving less net capital transfers paid (1) 163.4 162.3 184.3 214.5 216.8 217.5 2

 3 Gross investment 163.4 162.3 184.3 214.5 216.8 217.5 3

 4 Capital expenditures 275.7 293.3 306.5 267.2 202.4 211.4 4

 5 Fixed investment (2) 273.1 293.3 305.6 268.0 211.7 209.2 5

 6 Change in inventories 2.6 0.0 0.9 -0.9 -9.3 2.2 6

 7 Net lending (+) or net borrowing (-) -112.3 -131.0 -122.2 -52.6 14.5 6.1 7

 8 Net acquisition of financial assets 437.3 519.8 479.4 97.2 -100.8 -144.1 8

 9 Checkable deposits and currency 76.6 74.6 66.9 3.8 20.4 -21.2 9

10 Time and savings deposits 23.5 20.3 14.9 -1.2 -4.8 -14.4 10

11 Money market mutual funds 2.4 3.2 2.2 1.0 -1.7 -3.0 11

12 Credit market instruments 11.4 -0.1 10.0 -10.9 -6.7 -3.6 12

13 Treasury securities 6.0 0.2 3.0 -7.5 -5.7 -1.9 13

14 Municipal securities 0.1 1.3 -0.5 -0.4 0.2 -0.2 14

15 Mortgages 5.3 -1.5 7.4 -3.0 -1.2 -1.5 15

16 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Trade receivables 66.6 40.0 54.7 -3.0 -26.3 -20.3 17

18 Miscellaneous assets 256.6 381.8 330.8 107.5 -81.7 -81.6 18

19 Insurance receivables 5.5 4.4 3.7 3.4 1.0 0.1 19

20 Equity investment in GSEs (3) -0.1 0.2 0.7 1.2 -0.0 0.4 20

21 Other 251.2 377.2 326.4 102.9 -82.7 -82.1 21

22 Net increase in liabilities 549.6 650.8 601.6 149.9 -115.2 -150.2 22

23 Credit market instruments 344.1 418.7 464.7 323.3 -140.1 -205.9 23

24 Bank loans n.e.c. 157.9 115.3 140.8 119.6 -116.3 -83.9 24

25 Other loans and advances 8.8 20.2 16.8 16.8 -11.2 7.9 25

26 Mortgages 177.5 283.2 307.1 186.9 -12.6 -129.9 26

27 Trade payables 49.7 14.4 26.0 5.8 7.6 -20.0 27

28 Taxes payable 8.7 9.0 3.8 6.7 -6.3 -5.2 28

29 Miscellaneous liabilities 142.8 144.8 94.2 114.1 33.1 31.6 29

30 Proprietors’ net investment 4.4 64.0 12.8 -300.0 -9.6 49.3 30

(1) Net capital transfers paid from table F.9, line 59.

(2) Nonresidential fixed investment plus residential fixed investment, shown in table F.6, lines 11 and 16 respectively.

(3) Equity in the Farm Credit System.
FFA, 2005-2010, March 8, 2012 13

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Current receipts, NIPA basis 1730.4 1829.7 1923.1 1944.8 1953.6 2064.7 1

 2 Personal current taxes 276.7 302.5 323.1 334.4 284.8 297.5 2

 3 Taxes on production and imports 831.4 887.4 932.7 944.6 920.6 952.6 3

 4 Taxes on corporate income 54.9 59.2 57.8 47.4 47.4 57.9 4

 5 Contributions for govt. social insurance 24.8 21.8 18.9 19.0 20.2 20.8 5

 6 Income receipts on assets 88.3 103.5 114.5 106.8 93.3 90.9 6

 7 Current transfer receipts 454.3 456.7 485.1 505.0 597.8 655.9 7

 8 Current surplus of government enterprises 0.1 -1.3 -9.1 -12.3 -10.5 -10.8 8

 9 Current expenditures, NIPA basis 1704.5 1778.6 1910.8 2017.0 2031.7 2090.0 9

10 Consumption expenditures 1212.0 1282.3 1368.9 1449.2 1425.5 1443.5 10

11 Govt. social benefit payments to persons 404.8 402.9 433.7 456.7 498.1 534.6 11

12 Interest payments 87.3 93.0 101.1 108.1 106.7 110.4 12

13 Subsidies 0.4 0.4 7.1 3.0 1.4 1.6 13

14 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Net state and local govt. saving, NIPA basis 25.9 51.0 12.2 -72.2 -78.1 -25.3 15

16 + Consumption of fixed capital 150.1 162.7 178.7 191.2 199.0 204.0 16

17 - Net capital transfers paid (2) -49.8 -57.4 -58.9 -62.8 -67.3 -78.3 17

18 = Gross saving less net capital transfers paid 225.8 271.2 249.8 181.8 188.3 257.0 18

19 Gross investment 245.8 291.2 270.5 201.8 219.4 286.5 19

20 Fixed investment 281.6 304.4 329.0 348.8 349.3 336.5 20

21 Nonproduced nonfinancial assets 10.3 11.1 13.8 14.1 14.4 14.5 21

22 Net lending (+) or net borrowing (-) -46.0 -24.3 -72.4 -161.2 -144.3 -64.6 22

23 Net acq. of financial assets 123.4 108.4 111.6 -102.0 5.0 40.0 23

24 Checkable deposits and currency 9.5 5.4 -4.8 8.5 19.2 6.7 24

25 Time and savings deposits 12.8 26.2 36.4 19.1 10.8 -0.4 25

26 Money market fund shares 3.2 2.8 6.6 -1.8 4.1 5.4 26

27 Security RPs 6.3 5.6 13.0 -3.5 8.0 10.6 27

28 Credit market instruments 124.9 66.1 77.9 -131.8 -36.6 40.8 28

29 Open market paper 8.3 7.3 -3.0 -64.6 -54.5 7.0 29

30 Treasury securities 85.9 31.7 18.3 -50.0 18.8 9.7 30

31 Agency- and GSE-backed securities 18.0 15.8 37.0 -9.9 -17.1 10.0 31

32 Municipal securities 0.2 0.2 0.5 -0.1 0.3 0.4 32

33 Corporate and foreign bonds 5.7 5.0 11.7 -3.1 7.3 9.5 33

34 Mortgages 6.8 6.0 13.3 -4.0 8.6 4.2 34

35 Corporate equities -1.7 -7.9 0.7 19.0 15.9 -28.9 35

36 Mutual fund shares -0.5 -2.4 -0.1 13.1 -7.7 -8.5 36

37 Trade receivables 6.5 5.7 13.3 -3.6 8.2 10.8 37

38 Taxes receivable 15.4 11.4 2.7 2.2 -4.8 6.7 38

39 Miscellaneous assets -52.9 -4.5 -34.3 -23.2 -12.2 -3.0 39

40 Net increase in liabilities 169.4 132.7 183.9 59.2 149.2 104.6 40

41 Credit market instruments 137.2 98.3 146.9 20.0 111.5 66.2 41

42 Municipal securities 136.6 97.7 146.2 19.2 110.7 65.3 42

43 Short-term -1.6 -8.2 16.8 4.7 7.7 -0.6 43

44 Other 138.2 105.9 129.4 14.4 102.9 66.0 44

45 U.S. government loans 0.6 0.6 0.7 0.8 0.8 0.9 45

46 Trade payables 32.1 34.4 37.0 39.2 37.7 38.4 46

47 Discrepancy -20.0 -20.0 -20.7 -20.0 -31.1 -29.4 47

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

(2) Table F.9, line 62.
14 FFA, 2005-2010, March 8, 2012

F.106 Federal Government

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Current receipts, NIPA basis 2290.1 2524.5 2654.7 2502.2 2232.5 2429.6 1

 2 Personal current taxes 931.9 1049.9 1165.6 1101.3 856.6 896.4 2

 3 Taxes on production and imports 98.8 99.4 94.5 94.0 97.3 101.5 3

 4 Taxes on corporate income 341.0 395.0 362.8 233.7 201.7 329.6 4

 5 Taxes from the rest of the world 12.1 14.0 14.7 18.8 14.7 13.3 5

 6 Contributions for govt. social insurance 852.6 904.6 945.3 973.1 948.9 970.9 6

 7 Income receipts on assets 23.7 26.1 29.8 30.7 48.1 53.1 7

 8 Current transfer receipts 33.6 38.3 44.8 54.4 69.8 69.7 8

 9 Current surplus of government enterprises -3.5 -2.9 -2.7 -3.7 -4.4 -4.8 9

10 Current expenditures, NIPA basis 2573.1 2728.3 2900.0 3115.7 3450.4 3703.3 10

11 Consumption expenditures 765.8 811.0 848.9 931.7 986.6 1054.0 11

12 Government social benefits 1089.2 1193.1 1267.5 1401.2 1617.9 1724.9 12

13 Other current transfer payments 402.1 394.0 423.0 440.7 535.7 588.8 13

14 Interest payments 255.4 279.2 313.2 292.1 251.9 279.9 14

15 Subsidies 60.5 51.0 47.4 49.9 58.3 55.8 15

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

17 Net federal government saving, NIPA basis -283.0 -203.8 -245.2 -613.5 -1217.9 -1273.7 17

18 + Consumption of fixed capital 100.4 106.6 112.6 120.0 124.7 130.0 18

19 - Insurance and pension reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 4.9 4.9 20

21 - Net capital transfers paid (2) 59.8 42.7 56.3 65.8 82.2 108.1 21

22 = Gross saving less net capital transfers paid -247.7 -144.6 -193.8 -563.5 -1180.8 -1254.9 22

23 Gross investment -270.4 -157.7 -217.2 -649.0 -1139.5 -1206.2 23

24 Fixed investment 110.5 120.7 127.4 148.4 156.1 168.8 24

25 Nonproduced nonfinancial assets -0.5 -13.3 -1.3 -19.2 -7.1 0.2 25

26 Net lending (+) or net borrowing (-) -380.4 -265.0 -343.3 -778.2 -1288.5 -1375.3 26

27 Net acq. of financial assets 30.2 -14.0 0.2 573.2 232.0 318.2 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 28

29 Checkable deposits and currency 12.2 -2.7 25.1 313.1 -174.2 148.9 29

30 Time and savings deposits -1.0 0.2 1.2 -1.3 0.3 0.1 30

31 Credit market instruments -0.9 6.1 6.6 86.5 296.1 85.3 31

32 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 142.0 -47.2 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.6 0.3 33

34 Other loans and advances -7.0 0.6 -2.2 6.0 66.0 3.5 34

35 Mortgages 2.4 3.7 2.1 13.5 12.6 -1.8 35

36 Consumer credit (3) 3.7 1.9 6.7 12.6 75.0 130.4 36

37 Corporate equities (4) 0.0 0.0 0.0 256.3 0.6 24.1 37

38 Trade receivables 9.2 -11.6 1.2 4.2 -21.1 -0.7 38

39 Taxes receivable 25.3 -6.3 -35.5 -61.9 43.0 62.5 39

40 Miscellaneous assets -0.3 3.1 1.9 -28.0 35.4 -3.5 40

41 Net increase in liabilities 410.5 251.1 343.5 1351.4 1520.5 1693.6 41

42 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 42

43 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 43

44 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 44

45 Credit market instruments 306.9 183.4 237.1 1239.2 1443.9 1580.2 45

46 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 46

47 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 47

48 Other Treasury securities 347.1 206.4 184.7 379.8 1519.8 1601.8 48

49 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 49

50 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Trade payables 33.7 6.2 29.3 22.6 -56.2 22.1 51

52 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 52

53 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 90.6 53

54 Nonmarketable securities held by pension plans 40.0 35.8 33.3 63.3 61.9 65.7 54

55 Other 28.1 23.6 43.3 26.2 19.5 24.9 55

56 Discrepancy 22.7 13.1 23.4 85.5 -41.3 -48.6 56

 Memo:

57 Change in cash balance (6) 4.6 -5.5 27.5 308.6 -173.2 148.9 57

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

(2) Table F.9, line 61 less line 12.

(3) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.

(6) Time and savings deposits (line 30) plus checkable deposit and currency liabilities of the monetary authority and commercial banking sectors (table F.204, lines 3 and 8).
FFA, 2005-2010, March 8, 2012 15

F.107 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Foreign income from U.S. 2618.6 2990.5 3248.7 3381.9 2600.3 3021.8 1

 2 U.S. imports 2027.8 2240.3 2374.8 2556.5 1974.6 2356.7 2

 3 U.S. income payments to rest of world 475.9 648.6 747.7 686.9 487.5 513.5 3

 4 Current taxes and trans. payments to rest of world 115.0 101.5 126.2 138.4 138.2 151.6 4

 5 Foreign outlays to U.S. 1878.1 2192.1 2532.6 2702.9 2222.8 2542.7 5

 6 U.S. exports 1305.1 1471.0 1661.7 1846.8 1583.0 1839.8 6

 7 U.S. income receipts from rest of world 573.0 721.1 871.0 856.1 639.8 702.9 7

 8 - Net capital transfers paid (1) 12.8 -2.0 -0.4 5.4 -0.6 -0.7 8

 9 Gross saving less net capital transfers paid (2) 727.8 800.4 716.4 673.6 378.0 479.9 9

10 Gross investment 713.9 807.3 618.1 736.6 245.8 254.1 10

11 Nonproduced nonfinancial assets 0.1 -0.1 0.5 -0.0 0.0 0.0 11

12 Net lending (+) or net borrowing (-) 713.8 807.4 617.6 736.6 245.8 254.1 12

13 Net acquisition of financial assets 1071.4 1835.4 1692.8 501.4 181.8 1082.5 13

14 Monetary gold (3) 0.0 0.0 0.0 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 15

16 Net interbank assets -12.3 -9.4 -153.6 419.8 -293.9 -58.7 16

17 U.S. checkable deposits and currency 14.9 11.4 -5.4 64.0 -9.2 29.5 17

18 U.S. time deposits 6.7 11.5 40.3 65.5 -43.1 17.7 18

19 Money market fund shares 0.1 4.1 19.0 23.7 7.2 -7.1 19

20 Security RPs (net) 45.5 2.4 -35.2 -214.0 -146.4 -128.6 20

21 Credit market instruments 752.0 973.6 943.8 357.7 143.5 520.5 21

22 Open market paper 9.9 46.7 -8.3 -45.1 -41.4 0.8 22

23 Treasury securities 245.1 150.3 165.3 711.6 555.0 654.2 23

24 Official 112.8 208.6 98.4 548.7 569.9 397.8 24

25 Private 132.3 -58.2 66.8 162.9 -14.9 256.4 25

26 Agency- and GSE-backed securities 134.3 224.0 248.8 -228.6 -226.0 -89.1 26

27 Official 88.5 203.6 236.1 -31.3 -169.5 -88.1 27

28 Private 45.8 20.4 12.7 -197.3 -56.5 -0.9 28

29 Municipal securities 3.0 5.4 10.7 5.9 7.7 13.1 29

30 U.S. corporate bonds (4) 328.5 541.0 424.6 -21.8 -126.9 -36.5 30

31 Loans to U.S. corporate business 31.3 6.2 102.7 -64.1 -24.9 -22.0 31

32 U.S. corporate equities 56.9 96.2 218.5 105.1 157.2 67.3 32

33 Mutual fund shares 32.2 45.2 38.2 -2.0 56.5 112.2 33

34 Trade receivables 7.9 5.9 20.8 6.5 6.6 19.4 34

35 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Miscellaneous assets 167.5 694.5 606.5 -324.9 255.7 510.3 36

37 Foreign direct investment in U.S. (5) 112.6 243.2 221.2 310.1 158.6 236.2 37

38 Other 54.9 451.4 385.4 -635.0 97.1 274.0 38

39 Net increase in liabilities 357.6 1028.0 1075.2 -235.2 -64.0 828.3 39

40 U.S. official reserve assets -14.1 -2.4 0.1 4.8 52.3 1.8 40

41 U.S. private deposits 40.8 87.2 256.0 -394.3 -106.1 71.7 41

42 Credit market instruments 113.0 332.6 170.3 -226.2 211.7 88.2 42

43 Commercial paper 38.6 98.4 -69.3 -71.0 59.4 -2.7 43

44 Bonds 64.5 227.8 218.7 -158.8 163.2 72.8 44

45 Bank loans n.e.c. 14.5 13.8 24.1 5.1 -11.2 17.9 45

46 Official -2.9 -0.7 -0.0 0.7 0.6 1.1 46

47 Banks 4.7 3.8 8.3 2.8 -5.1 11.8 47

48 Other 12.7 10.7 15.8 1.6 -6.6 4.9 48

49 U.S. government loans -4.6 -7.4 -3.3 -1.5 0.3 0.2 49

50 Acceptance liabilities to banks -0.0 -0.1 0.1 0.0 0.0 0.0 50

51 Foreign corporate equities (6) 186.7 137.3 147.8 -38.5 63.6 79.1 51

52 Trade payables 6.3 6.2 12.4 -9.9 7.4 27.8 52

53 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 53

54 Miscellaneous liabilities 24.9 467.0 488.6 428.9 -292.9 559.8 54

55 U.S. equity in IBRD, etc. 1.3 2.0 1.7 1.4 1.7 2.3 55

56 Nonofficial foreign currencies -2.2 -0.0 23.9 529.8 -543.3 -10.1 56

57 U.S. direct investment abroad (4,5) 36.2 244.9 414.0 329.1 303.6 351.4 57

58 Other -10.4 220.1 49.0 -431.3 -54.8 216.2 58

59 Discrepancy (FOF basis) (7) 13.9 -6.9 98.3 -63.0 132.2 225.7 59

 Memo:

60 Net U.S. exports, NIPA basis -722.7 -769.3 -713.1 -709.7 -391.5 -516.9 60

61 + Net U.S. income receipts (8) 97.1 72.4 123.3 169.2 152.3 189.4 61

62 - Current taxes and trans. payments to rest of world 115.0 101.5 126.2 138.4 138.2 151.6 62

63 = Balance on current account, NIPAs -740.5 -798.4 -716.0 -679.0 -377.4 -479.2 63

(1) Table F.9, line 64.

(2) Line 1 minus line 5 minus line 8; equals net lending or net borrowing (-), NIPAs, with the sign reversed. Also equal to line 63 with the sign reversed minus line 8.

(3) U.S. net sales, sign reversed.

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

(5) Direct investment is valued on a current-cost basis. Excludes capital gains and losses.

(6) Includes American Depositary Receipts (ADRs).

(7) Balance of payments discrepancy adjusted to NIPA concepts.

(8) Consists of net receipts from foreigners of interest, corporate profits, and employee compensation. Equals difference between GNP and GDP.
16 FFA, 2005-2010, March 8, 2012

F.108 Financial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving less net capital transfers paid 269.7 292.5 208.1 81.7 322.2 298.1 1

 2 Gross investment 446.6 446.5 288.1 -68.4 275.8 81.7 2

 3 Capital expenditures 157.7 166.2 178.2 195.1 168.0 186.4 3

 4 Fixed residential investment 2.5 3.5 -9.3 0.1 -0.1 4.7 4

 5 Fixed nonresidential investment 155.3 162.7 187.5 195.0 168.1 181.7 5

 6 Net lending (+) or net borrowing (-) 288.9 280.3 109.9 -263.4 107.9 -104.6 6

 7 Net acqisition of financial assets 3355.1 4052.0 4747.6 4512.5 -1694.8 -768.6 7

 8 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 8

 9 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 9

10 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 10

11 Foreign deposits 16.2 -10.6 43.2 2.0 -32.2 8.7 11

12 Net interbank assets 3.5 0.1 54.2 1351.5 -349.5 -106.9 12

13 Checkable deposits and currency -50.5 54.3 34.2 56.1 -29.4 -30.5 13

14 Time and savings deposits 19.9 16.8 85.6 117.3 198.0 -99.9 14

15 Money market fund shares 36.5 61.9 332.9 307.9 -183.4 -186.2 15

16 Federal funds and security RPs 145.3 81.9 269.2 -66.2 -121.0 -2.3 16

17 Credit market instruments 2382.4 2868.2 3043.1 2349.1 -845.9 -290.9 17

18 Open market paper 196.3 232.4 -94.8 34.2 -393.4 -132.0 18

19 Treasury securities 48.4 92.1 108.0 436.0 440.6 557.1 19

20 Agency- and GSE-backed securities -189.1 130.3 308.0 858.1 603.2 -12.0 20

21 Municipal securities 112.6 123.4 180.1 51.7 15.6 29.4 21

22 Corporate and foreign bonds 407.2 499.8 584.3 7.1 210.5 264.6 22

23 Bank loans n.e.c. 167.8 126.9 335.1 693.7 -774.6 -105.4 23

24 Other loans and advances 132.1 166.4 424.7 152.6 -472.4 -210.7 24

25 Mortgages 1410.9 1401.3 1066.1 90.6 -287.8 -499.8 25

26 Consumer credit 96.3 95.6 131.6 25.0 -187.6 -182.1 26

27 Corporate equities 236.4 124.3 166.3 -8.9 51.6 1.6 27

28 Mutual fund shares 52.2 102.6 117.2 24.7 101.4 71.9 28

29 Trade receivables -0.4 13.4 1.8 -14.9 -38.0 -8.6 29

30 Security credit 3.3 131.1 65.7 -274.2 -21.8 97.9 30

31 Life insurance reserves 0.0 7.9 16.2 5.3 2.8 8.2 31

32 Miscellaneous assets 509.9 598.1 517.1 662.2 -434.8 -233.0 32

33 Net increase in liabilities 3066.2 3771.7 4637.8 4775.9 -1802.7 -664.0 33

34 Net interbank liabilities -12.4 -11.3 -97.5 1801.9 -609.0 -185.8 34

35 Checkable deposits and currency 4.4 -19.9 36.7 568.4 -7.9 266.3 35

36 Time and savings deposits 598.9 608.2 599.9 334.2 375.4 116.1 36

37 Money market fund shares 127.0 305.3 720.9 724.2 -499.0 -502.9 37

38 Federal funds and security RPs 315.2 403.2 8.1 -889.5 207.8 -201.3 38

39 Credit market instruments 1116.5 1300.2 1794.6 901.8 -1844.1 -980.3 39

40 Open market paper 214.2 196.3 -111.4 -125.6 -448.2 -101.7 40

41 Agency- and GSE-backed securities 80.4 328.2 905.7 768.7 -60.1 -46.9 41

42 Corporate and foreign bonds 744.6 810.2 699.0 -277.5 -589.2 -596.9 42

43 Bank loans n.e.c. 18.8 -62.3 70.9 496.1 -467.5 -90.2 43

44 Other loans and advances 44.4 21.2 225.8 33.3 -282.6 -144.7 44

45 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 45

46 Corporate equities 78.5 59.5 178.6 637.6 314.3 190.8 46

47 Mutual fund shares 260.2 336.8 364.7 31.0 490.5 389.3 47

48 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 48

49 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 49

50 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 16.4 50

51 Pension fund reserves 275.7 250.9 201.1 125.7 135.4 208.9 51

52 Taxes payable -11.6 14.3 -23.5 -133.6 6.1 13.0 52

53 Equity in noncorporate business -1.2 -6.8 2.4 11.5 -3.6 0.4 53

54 Miscellaneous liabilities 261.3 310.1 578.2 858.7 -308.8 8.8 54

55 Discrepancy -176.9 -154.0 -80.0 150.0 46.4 216.4 55

(1) Sum of financial sectors shown on tables F.109 through F.130.
FFA, 2005-2010, March 8, 2012 17

F.109 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 5.1 4.7 1.2 3.0 -0.7 -8.5 1

 2 Fixed nonresidential investment 0.5 0.7 0.8 0.6 0.7 0.7 2

 3 Net acquisition of financial assets 37.4 29.6 43.1 1319.3 -3.4 186.0 3

 4 U.S. official reserve assets 0.3 0.3 0.5 0.6 0.3 0.3 4

 5 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 5

 6 Treasury currency 0.1 1.7 0.5 -0.0 4.0 0.9 6

 7 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 7

 8 Federal Reserve loans to domestic banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 8

 9 Discount window (2) 0.0 -0.0 48.6 495.4 -447.4 -96.4 9

10 AMLF (3) 0.0 0.0 0.0 15.7 -15.7 0.0 10

11 Security RPs 13.8 -6.0 5.8 33.5 -80.0 0.0 11

12 Credit market instruments 26.4 34.7 -38.3 245.4 1001.6 271.5 12

13 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Treasury securities 26.4 34.7 -38.3 -264.7 300.7 244.9 14

15 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1048.5 71.4 15

16 Bank loans n.e.c. 0.0 0.0 0.0 490.4 -347.6 -44.8 16

17 Households (TALF) (4) 0.0 0.0 0.0 0.0 47.5 -22.8 17

18 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Brokers and dealers (5) 0.0 0.0 0.0 45.5 -45.5 0.0 19

20 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 29.1 0.1 -3.4 20

21 Funding corporations (AIG) 0.0 0.0 0.0 38.9 -16.7 -2.2 21

22 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 19.5 -3.5 -2.5 22

23 Funding corporations (Maiden Lane III) (8) 0.0 0.0 0.0 24.4 -5.9 -4.4 23

24 Funding corporations (CPFF) (9) 0.0 0.0 0.0 333.0 -323.6 -9.4 24

25 Corporate equities (10) 0.0 0.0 0.0 0.0 25.1 1.3 25

26 Miscellaneous assets -3.2 0.1 25.8 530.2 -493.8 7.8 26

27 Nonofficial foreign currencies (11) 0.0 0.0 24.0 529.7 -543.5 -10.2 27

28 Other -3.2 0.1 1.8 0.5 49.6 18.0 28

29 Net increase in liabilities 36.1 27.2 39.9 1316.7 -8.0 185.1 29

30 Depository institution reserves -5.0 -0.3 2.1 839.2 117.0 -8.9 30

31 Vault cash of commercial banks 8.6 1.6 3.3 2.7 -2.8 -2.2 31

32 Checkable deposits and currency 30.1 23.5 17.8 428.2 -117.6 185.0 32

33 Due to federal government -1.4 0.2 11.4 349.3 -173.8 149.0 33

34 Treasury cash holdings -0.1 0.1 0.0 0.0 -0.0 -0.1 34

35 Treasury general deposit account -1.3 0.1 11.4 90.0 80.5 -45.9 35

36 Treasury temporary supplementary financing account 0.0 0.0 0.0 259.3 -254.3 195.0 36

37 Due to rest of the world 0.0 0.0 -0.0 1.3 1.0 0.9 37

38 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 38

39 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 39

40 Security RPs -0.3 -0.9 14.4 44.4 -10.6 -18.0 40

41 Miscellaneous liabilities 2.8 3.2 2.5 2.2 6.1 29.2 41

42 Federal Reserve Bank stock 1.6 1.8 3.1 2.6 4.6 0.9 42

43 Other 1.1 1.4 -0.7 -0.5 1.5 28.3 43

44 Discrepancy 3.4 1.6 -2.8 -0.2 -6.0 -10.1 44

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board.

(2) Loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit.

(3) Loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

(4) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).

(5) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and AMLF.

(6) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangements associated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc.

(7) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries.

(8) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.

(9) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.

(10) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(11) Reciprocal currency arrangements (swap lines) with foreign central banks.
18 FFA, 2005-2010, March 8, 2012

F.110 U.S.-Chartered Commercial Banks

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving less net capital transfers paid (1) -3.5 -22.4 -45.1 3.3 86.1 41.6 1

 2 Fixed nonresidential investment -2.1 -0.8 -1.5 23.8 22.0 21.9 2

 3 Net acquisition of financial assets 597.3 711.6 613.8 1245.3 -81.9 -355.1 3

 4 Vault cash and reserves at Federal Reserve 3.9 2.3 4.4 562.9 44.4 -91.2 4

 5 Total bank credit 498.4 685.4 570.3 547.6 -154.4 -196.4 5

 6 Open market paper 0.0 0.0 0.0 15.7 -15.7 0.0 6

 7 Treasury securities -10.1 -2.2 11.1 -19.6 64.3 93.9 7

 8 Agency- and GSE-backed securities -3.3 47.5 -111.4 139.7 148.4 87.1 8

 9 Residential mortgage pass-through securities -2.7 68.8 -54.9 152.0 -0.5 -14.7 9

10 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.1 -0.2 10

11 Residential CMOs and other structured MBS -4.4 -5.1 -4.4 14.3 59.9 117.3 11

12 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.1 -0.3 12

13 Other 3.8 -16.1 -52.0 -26.6 89.0 -14.9 13

14 Municipal securities 16.7 21.7 12.0 23.2 1.0 28.4 14

15 Corporate and foreign bonds 47.0 59.1 101.7 -30.4 49.9 -88.2 15

16 Private residential mortgage pass-through securities 5.1 8.8 15.5 -24.4 9.2 -9.3 16

17 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 1.1 -6.5 17

18 Private residential CMOs and other structured MBS 38.2 12.7 64.8 -1.5 -20.8 -64.5 18

19 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 -3.7 -1.3 19

20 Other 3.8 37.6 21.4 -4.5 64.2 -6.6 20

21 Bank loans n.e.c. 98.7 62.9 233.7 137.9 -298.1 -45.4 21

22 Mortgages 354.8 436.8 225.7 190.0 -16.1 -186.5 22

23 Consumer credit 2.8 34.2 62.9 74.5 -50.6 -73.7 23

24 Security credit -6.6 20.9 29.3 12.8 -59.2 -5.8 24

25 Corporate equities 0.1 0.7 1.6 2.4 6.8 -0.5 25

26 Mutual fund shares -1.8 3.9 3.6 1.3 14.8 -5.8 26

27 Life insurance reserves 0.0 8.2 10.9 6.4 0.8 4.5 27

28 Customers’ liab. on acceptances (2) -0.0 0.0 0.0 0.0 0.0 0.0 28

29 Miscellaneous assets 95.0 15.7 28.2 128.4 27.3 -72.0 29

30 Net increase in liabilities 474.9 573.0 521.1 1232.7 92.2 -234.6 30

31 Net interbank liabilities 16.6 71.1 139.0 789.0 -562.7 -247.2 31

32 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 32

33 Borrowing from Federal Reserve banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 33

34 To domestic banking 0.5 -38.1 32.2 113.4 -4.9 -62.4 34

35 To foreign banks 16.1 110.5 58.0 166.1 -94.1 -89.0 35

36 Checkable deposits -36.8 -36.6 9.0 140.8 80.9 70.3 36

37 Federal government 7.0 -5.9 14.9 -39.5 0.3 -0.1 37

38 Rest of the world 6.2 9.4 5.0 31.2 -28.7 -3.8 38

39 Private domestic -49.9 -40.1 -10.9 149.1 109.2 74.3 39

40 Small time and savings deposits 262.9 277.8 255.0 540.2 382.9 276.9 40

41 Large time deposits 166.8 129.9 23.1 24.6 -174.0 -150.1 41

42 Federal funds and security RPs (net) 57.0 21.4 -36.1 -259.0 244.9 -190.9 42

43 Open market paper -0.0 0.0 0.0 0.0 0.0 -19.7 43

44 Corporate bonds 12.5 27.5 25.1 8.0 -28.3 10.3 44

45 Other loans and advances 24.4 80.0 106.7 71.0 -124.2 -124.1 45

46 Corporate equity issues 6.2 9.3 4.3 10.4 10.1 11.4 46

47 Taxes payable (net) -7.9 -1.1 -13.6 -85.7 7.1 6.9 47

48 Miscellaneous liabilities -26.8 -6.4 8.6 -6.7 255.5 121.5 48

49 Investment by bank holding companies 40.0 114.1 130.7 46.6 106.9 -46.7 49

50 Other -66.8 -120.5 -122.2 -53.3 148.6 168.2 50

51 Discrepancy -123.7 -160.2 -136.2 -33.1 238.2 140.1 51

 Memo:

52 Credit market funds advanced (3) 506.6 660.0 535.7 531.1 -116.8 -184.3 52

53 Consumer leases not included above (4) 0.0 0.0 -1.8 -1.7 -2.6 -0.8 53

(1) Net capital transfers paid from table F.9, line 54.

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

(3) Total bank credit (line 5) less security credit (line 24) less corporate equities (line 25) less mutual fund shares (line 26) plus customers’ liability on acceptances (line 28).

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.
FFA, 2005-2010, March 8, 2012 19

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 3.5 3.3 3.6 2.5 2.5 2.6 1

 2 Fixed nonresidential investment 3.9 4.2 4.1 2.9 2.7 2.6 2

 3 Net acquisition of financial assets 153.9 10.1 219.8 576.8 -357.3 69.3 3

 4 Reserves at Federal Reserve 0.2 -0.3 0.4 238.0 45.1 66.7 4

 5 Total bank credit 185.9 154.6 204.6 -25.3 -286.6 -2.3 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 0.1 -1.0 3.6 5.1 22.0 3.5 7

 8 Agency- and GSE-backed securities -0.9 4.2 2.0 -6.5 -19.3 -4.8 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate and foreign bonds 80.6 29.8 77.0 32.1 -156.7 -11.0 10

11 Bank loans n.e.c. 60.7 67.1 105.0 65.1 -125.4 -16.1 11

12 Mortgages 4.0 4.1 14.1 5.2 -6.4 -2.5 12

13 Security credit 41.4 50.6 3.0 -126.3 -0.8 28.5 13

14 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 14

15 Customers’ liab. on acceptances (2) 0.1 -0.3 0.0 -0.2 0.0 0.0 15

16 Miscellaneous assets -32.2 -143.9 14.7 364.3 -115.9 4.9 16

17 Net increase in liabilities 154.6 9.8 222.9 572.1 -355.9 70.5 17

18 Net interbank liabilities -6.0 -71.3 -191.1 240.5 -158.9 48.1 18

19 To foreign banks -8.8 -78.6 -169.4 244.7 -176.3 40.8 19

20 To domestic banks 2.8 7.2 -21.7 -4.3 17.5 7.3 20

21 Checkable deposits 0.5 -0.0 2.6 1.7 2.6 5.7 21

22 Small time and savings deposits 0.5 8.6 6.9 0.1 4.4 5.8 22

23 Large time deposits 71.4 132.8 273.4 -123.2 173.9 -49.6 23

24 Federal funds and security RPs (net) 33.4 49.0 -13.6 -96.3 40.3 52.9 24

25 Acceptance liabilities 0.0 -0.3 0.0 -0.2 0.0 0.0 25

26 Miscellaneous liabilities 54.6 -109.0 144.8 549.5 -418.2 7.5 26

27 Foreign direct investment in U.S. 9.4 13.8 -0.8 24.8 15.3 7.5 27

28 Due to affiliates 21.0 8.6 43.7 35.6 -73.5 -31.5 28

29 Other 24.2 -131.3 101.9 489.1 -360.0 31.5 29

30 Discrepancy 0.2 -1.2 2.6 -5.1 1.3 1.1 30

 Memo:

31 Credit market funds advanced (3) 144.5 103.7 201.7 100.8 -285.8 -30.8 31

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

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

(3) Total bank credit (line 5) less security credit (line 13) less corporate equities (line 14) plus customers’ liability on acceptances (line 15).
20 FFA, 2005-2010, March 8, 2012

F.112 Bank Holding Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 111.6 115.3 109.8 80.5 96.8 108.2 1

 2 Fixed nonresidential investment 29.4 29.3 39.5 52.2 54.1 55.1 2

 3 Net acquisition of financial assets 94.8 200.2 122.4 195.9 41.2 -38.1 3

 4 Credit market instruments -4.2 3.3 23.2 13.9 -16.0 22.1 4

 5 Treasury securities -0.9 1.4 4.6 -4.0 2.7 13.8 5

 6 Agency- and GSE-backed securities -2.3 -0.0 -1.3 15.9 -7.0 -3.2 6

 7 Corporate and foreign bonds -3.7 4.9 19.2 -0.0 -8.4 7.3 7

 8 Bank loans n.e.c. 2.7 -2.9 0.7 2.0 -3.2 4.3 8

 9 Life insurance reserves 0.0 -0.4 5.3 -1.2 2.1 3.8 9

10 Miscellaneous assets 99.0 197.2 93.9 183.2 55.1 -64.0 10

11 Investment in bank subsidiaries 40.0 114.1 130.7 46.6 106.9 -46.7 11

12 Investment in nonbank subsidiaries 42.7 46.3 -63.0 42.0 -91.4 -15.6 12

13 Other 16.2 36.8 26.2 94.5 39.6 -1.6 13

14 Net increase in liabilities 14.3 117.3 47.2 154.7 -11.3 -98.1 14

15 Net interbank liabilities -26.5 -12.3 -50.9 -69.5 -1.6 24.4 15

16 To domestic banks -6.9 29.0 -8.7 -78.6 21.9 34.9 16

17 To foreign banks -19.6 -41.3 -42.2 9.1 -23.5 -10.6 17

18 Federal funds and security RPs (net) -0.2 0.1 0.1 -0.4 -19.9 -1.8 18

19 Credit market instruments 48.2 68.7 129.4 84.0 -10.3 -42.6 19

20 Commercial paper 4.0 20.9 35.0 -39.0 -18.1 3.9 20

21 Corporate bonds 44.2 47.8 94.4 123.0 7.8 -46.5 21

22 Corporate equity issues -20.0 -19.8 -28.0 321.4 68.6 19.8 22

23 Miscellaneous liabilities 12.8 80.6 -3.4 -180.7 -48.0 -97.9 23

24 Equity, etc. 48.4 -12.9 -65.3 46.1 13.2 -44.3 24

25 Other -35.6 93.5 61.9 -226.8 -61.2 -53.5 25

26 Discrepancy 1.7 3.1 -4.9 -12.9 -9.8 -7.0 26

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

Billions of dollars

 1 Gross saving 0.2 0.2 0.1 0.2 0.2 0.1 1

 2 Fixed nonresidential investment 0.2 0.3 0.1 0.2 0.2 0.1 2

 3 Net acquisition of financial assets 9.8 -1.2 -0.6 -2.3 -6.4 -15.6 3

 4 Checkable deposits and currency -0.5 -0.1 -0.3 0.6 1.0 -0.9 4

 5 Credit market instruments 10.2 -1.7 -6.4 -1.9 -2.8 -19.3 5

 6 Treasury securities 0.1 -0.2 -1.9 -0.6 -0.7 0.6 6

 7 Agency- and GSE-backed securities 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 7

 8 Municipal securities 0.2 0.8 0.7 0.5 0.9 -0.9 8

 9 Corporate and foreign bonds -0.5 -0.4 0.1 0.0 1.5 -1.4 9

10 Bank loans n.e.c. 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 10

11 Home mortgages 0.7 0.9 4.3 1.4 -0.3 -2.5 11

12 Commercial mortgages 2.9 3.2 -2.7 0.4 -0.0 -4.0 12

13 Miscellaneous assets 0.1 0.6 6.1 -1.0 -4.5 4.5 13

14 Net increase in liabilities 9.3 -1.3 -7.7 -3.4 -1.1 -14.8 14

15 Checkable deposits -0.2 0.7 1.7 -1.1 1.4 0.5 15

16 Small time and savings deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 16

17 Large time deposits 4.9 1.2 1.1 1.1 -2.9 -5.2 17

18 Miscellaneous liabilities -0.3 -4.4 -11.6 -4.5 3.3 -5.0 18

19 Discrepancy -0.5 -0.1 -7.1 -1.1 5.3 0.8 19

(1) Commercial banks and branches of U.S.-chartered commercial banks located in Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam, and other U.S.-affiliated insular areas.
FFA, 2005-2010, March 8, 2012 21

F.114 Savings Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 10.3 6.7 11.1 19.2 6.1 4.0 1

 2 Fixed nonresidential investment 3.7 4.2 3.9 3.3 2.7 2.5 2

 3 Net acquisition of financial assets 140.9 -74.4 99.6 -290.4 -269.8 -12.4 3

 4 Reserves at Federal Reserve -0.5 -0.7 0.6 36.4 6.5 -0.7 4

 5 Checkable deposits and currency 2.4 -3.3 -0.5 -11.2 -4.2 -2.4 5

 6 Time and savings deposits -0.5 3.9 3.3 -1.6 7.0 -0.0 6

 7 Federal funds and security RPs -0.1 9.3 27.3 -10.9 -22.7 -6.6 7

 8 Credit market instruments 199.4 -78.0 63.0 -276.1 -249.6 6.6 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 4.0 4.5 -5.4 -4.1 3.8 -0.9 10

11 Agency- and GSE-backed securities 55.8 -13.4 0.3 -3.5 19.6 22.9 11

12 Residential mortgage pass-through securities 25.6 -16.3 5.8 1.9 -12.9 12.5 12

13 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Residential CMOs and other structured MBS 7.4 2.8 -1.5 5.6 10.2 12.1 14

15 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 -0.0 -0.0 15

16 Other 22.9 0.1 -4.0 -11.0 22.3 -1.7 16

17 Municipal securities 1.5 2.5 -0.1 -3.3 1.5 1.8 17

18 Corporate and foreign bonds 21.0 13.2 49.5 -33.7 -24.0 -10.5 18

19 Private residential mortgage pass-through securities -0.6 3.1 -4.5 -1.4 -2.6 -0.4 19

20 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Private residential CMOs and other structured MBS 18.1 7.7 39.5 -41.9 -30.8 -6.1 21

22 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 -0.0 -0.0 22

23 Other 3.5 2.5 14.5 9.5 9.5 -4.1 23

24 Other loans and advances 3.9 6.0 6.2 6.4 -14.5 6.4 24

25 Mortgages 95.3 -77.2 17.2 -233.4 -227.3 -18.5 25

26 Consumer credit 17.8 -13.5 -4.8 -4.5 -8.8 5.3 26

27 Corporate equities -1.0 -1.0 -0.1 -1.5 -0.5 -1.3 27

28 Miscellaneous assets -58.8 -4.5 6.2 -25.4 -6.2 -8.0 28

29 Net increase in liabilities 126.4 -82.6 116.7 -251.8 -269.8 -22.5 29

30 Deposits 76.6 24.6 13.2 -156.0 -53.3 13.9 30

31 Checkable 3.8 0.9 4.5 -2.9 13.1 -0.8 31

32 Small time and savings 34.0 28.9 27.6 -59.6 89.4 -5.2 32

33 Large time 38.8 -5.2 -19.0 -93.5 -155.8 19.9 33

34 Security RPs -2.3 -19.2 -24.1 -0.0 1.8 -6.0 34

35 Credit market instruments 22.5 -108.2 104.1 -67.1 -169.6 -29.0 35

36 Corporate bonds 1.0 2.0 -0.3 -8.0 -0.2 -3.6 36

37 Bank loans n.e.c. 5.2 -44.5 13.3 13.0 -29.8 -1.2 37

38 Other loans and advances 16.2 -65.7 91.1 -72.2 -139.6 -24.2 38

39 Corporate equities 2.2 0.8 3.3 1.7 1.5 0.5 39

40 Taxes payable 0.1 -0.4 -2.0 -0.3 0.3 -0.3 40

41 Miscellaneous liabilities 27.3 19.7 22.2 -30.1 -50.5 -1.6 41

42 Investment by parent 3.7 0.6 0.2 2.5 10.6 -1.0 42

43 Other 23.6 19.1 22.0 -32.6 -61.1 -0.6 43

44 Discrepancy -7.9 -5.8 24.3 54.4 3.4 -8.7 44

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
22 FFA, 2005-2010, March 8, 2012

F.115 Credit Unions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 9.3 9.9 9.0 7.0 6.8 8.8 1

 2 Fixed nonresidential investment 3.5 4.2 3.8 3.9 3.5 3.4 2

 3 Net acquisition of financial assets 30.9 30.5 42.5 53.8 70.3 29.3 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 18.1 14.1 4

 5 Checkable deposits and currency -2.0 6.2 -1.1 -5.7 1.4 -6.3 5

 6 Time and savings deposits -4.5 -4.9 -0.0 11.4 9.5 5.6 6

 7 Federal funds and security RPs (net) 2.6 -1.6 -2.6 -4.8 2.4 -0.1 7

 8 Credit market instruments 36.2 30.1 35.3 40.0 33.1 24.6 8

 9 Open market paper -0.0 0.2 -0.5 -0.4 0.0 0.0 9

10 Treasury securities -1.1 -0.3 3.0 -1.6 5.3 5.8 10

11 Agency- and GSE-backed securities -6.8 -13.9 -4.1 14.4 27.9 40.8 11

12 Corporate and foreign bonds -1.5 7.2 3.9 -8.9 -7.0 -15.0 12

13 Other loans and advances 1.0 0.9 0.0 2.7 2.7 0.8 13

14 Home mortgages 31.3 30.1 31.8 33.2 3.2 2.8 14

15 Consumer credit 13.2 5.9 1.2 0.5 1.0 -10.7 15

16 Mutual fund shares -1.0 -0.1 -0.0 -0.0 -0.7 0.2 16

17 Miscellaneous assets -0.3 0.8 11.0 8.4 6.4 -8.7 17

18 Net increase in liabilities 27.5 26.0 39.5 54.5 72.6 25.6 18

19 Shares/deposits 21.6 24.5 31.7 45.1 72.0 34.4 19

20 Checkable 7.0 -8.5 1.1 1.6 11.6 5.5 20

21 Small time and savings 12.1 30.5 25.8 43.0 43.4 26.2 21

22 Large time 2.5 2.5 4.8 0.5 17.0 2.7 22

23 Other loans and advances 3.3 4.2 13.4 8.3 -14.1 -0.4 23

24 Miscellaneous liabilities 2.6 -2.7 -5.6 1.1 14.7 -8.4 24

25 Discrepancy 2.4 1.3 2.3 3.7 5.6 1.8 25

F.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Gross saving less net capital transfers paid (1) 30.6 70.2 56.1 30.0 45.1 41.0 1

 2 Fixed nonresidential investment 17.7 17.7 19.5 19.9 19.9 20.1 2

 3 Net acquisition of financial assets 75.4 64.5 43.0 25.1 40.6 -15.6 3

 4 Checkable deposits and currency -4.8 8.9 12.8 -14.8 -0.3 5.0 4

 5 Money market fund shares -0.7 0.7 7.2 12.1 -3.2 -4.0 5

 6 Security RPs 0.6 -0.7 1.7 0.8 0.1 -0.7 6

 7 Credit market instruments 72.8 44.8 5.3 -15.9 33.3 3.9 7

 8 Open market paper 3.5 0.6 -3.1 5.8 -9.3 -1.9 8

 9 Treasury securities 0.3 3.1 -38.7 -5.6 22.9 3.2 9

10 Agency- and GSE-backed securities 5.8 4.1 3.8 -11.5 1.9 -0.4 10

11 Municipal securities 45.4 22.1 36.1 10.6 -12.6 -21.0 11

12 Corporate and foreign bonds 17.5 14.2 5.9 -15.4 30.8 24.3 12

13 Commercial mortgages 0.3 0.7 1.3 0.2 -0.5 -0.3 13

14 Corporate equities -6.1 2.3 0.5 35.1 -2.4 -20.9 14

15 Mutual fund shares 0.3 0.5 -0.5 -0.4 0.1 -0.1 15

16 Trade receivables 2.4 4.9 -1.6 1.3 -3.7 0.8 16

17 Miscellaneous assets 10.8 3.1 17.6 6.8 16.7 0.4 17

18 Net increase in liabilities 46.4 42.1 9.4 14.3 0.2 2.4 18

19 Security RPs 0.1 -0.1 -0.7 1.9 -1.7 0.8 19

20 Corporate equity issues -2.8 -8.5 -13.2 0.4 -5.3 -12.7 20

21 Taxes payable (net) -3.1 11.0 -2.4 -28.1 5.3 5.6 21

22 Miscellaneous liabilities 52.2 39.7 25.8 40.2 1.9 8.7 22

23 Discrepancy -16.0 30.1 3.1 -0.6 -15.1 38.8 23

(1) Net capital transfers paid from table F.9, line 51.
FFA, 2005-2010, March 8, 2012 23

F.117 Life Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 13.4 6.5 5.2 -44.8 16.4 28.2 1

 2 Fixed nonresidential investment 12.5 13.1 14.1 14.4 14.3 14.5 2

 3 Net acquisition of financial assets 185.3 225.0 240.5 167.1 115.3 189.9 3

 4 Checkable deposits and currency -5.5 8.3 2.3 24.4 -32.1 1.0 4

 5 Money market fund shares -3.7 9.7 -1.6 17.5 -5.5 -12.7 5

 6 Security RPs -1.0 -0.1 0.2 5.2 2.2 0.7 6

 7 Credit market instruments 116.2 67.5 84.8 11.6 139.8 151.6 7

 8 Open market paper -3.0 4.3 13.1 -3.4 11.5 -8.9 8

 9 Treasury securities 13.5 -7.6 -17.3 35.1 27.7 23.2 9

10 Agency- and GSE-backed securities 11.4 8.8 5.5 -16.7 5.8 4.0 10

11 Municipal securities 2.4 4.1 4.8 5.7 26.1 39.2 11

12 Corporate and foreign bonds 74.7 29.7 43.1 -45.5 97.6 102.9 12

13 Other loans and advances 5.0 9.8 13.2 20.3 -12.6 -0.2 13

14 Mortgages 12.1 18.3 22.4 16.3 -16.3 -8.6 14

15 Corporate equities 65.9 71.4 84.1 81.8 33.4 45.6 15

16 Mutual fund shares -9.9 26.9 31.3 -10.7 0.0 1.0 16

17 Miscellaneous assets 23.4 41.3 39.5 37.2 -22.5 2.8 17

18 Net increase in liabilities 173.9 202.5 198.7 166.9 30.9 168.1 18

19 Security RPs 7.4 0.3 -1.1 -7.3 -0.5 -2.2 19

20 Corporate equity issues -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 20

21 Other loans and advances 0.4 2.7 14.5 26.2 -6.6 -3.2 21

22 Life insurance reserves 14.9 64.1 33.0 66.0 25.4 16.4 22

23 Pension fund reserves (1) 142.1 100.5 118.6 65.5 25.1 104.2 23

24 Taxes payable (net) -2.6 4.0 -3.4 -19.7 -7.0 2.6 24

25 Miscellaneous liabilities 19.5 50.9 67.6 46.8 -4.6 55.1 25

26 Discrepancy -10.6 -29.1 -50.7 -59.4 -82.4 -8.2 26

(1) Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds, which are included in miscellaneous liabilities (line 25).

F.118 Private Pension Funds (1)

Billions of dollars

 1 Gross saving 0.3 0.3 0.3 0.4 0.5 0.5 1

 2 Fixed nonresidential investment 0.8 0.7 1.0 0.8 0.6 0.5 2

 3 Net acquisition of financial assets 72.4 53.5 31.7 -36.8 60.0 61.2 3

 4 Checkable deposits and currency 0.3 0.4 0.6 0.5 4.2 11.5 4

 5 Time and savings deposits 6.3 0.8 4.6 0.3 4.7 4.4 5

 6 Money market fund shares 1.9 3.4 3.4 2.3 0.6 -0.1 6

 7 Security RPs 1.0 0.8 3.4 7.3 3.1 0.9 7

 8 Credit market instruments 45.3 58.4 102.5 90.6 111.6 108.0 8

 9 Open market paper 3.0 0.2 -4.8 10.2 -10.5 -11.7 9

10 Treasury securities 3.5 14.3 38.7 15.4 125.8 176.0 10

11 Agency- and GSE-backed securities 16.8 16.6 28.2 21.3 -49.0 -98.1 11

12 Corporate and foreign bonds 22.2 27.7 39.8 42.7 42.8 40.6 12

13 Mortgages -0.2 -0.3 0.7 0.9 2.6 1.3 13

14 Corporate equities -42.0 -86.5 -188.3 -184.6 -175.6 -111.0 14

15 Mutual fund shares 70.0 74.9 88.1 35.5 89.8 80.4 15

16 Miscellaneous assets -10.4 1.3 17.5 11.3 21.6 -32.9 16

17 Unallocated insurance contracts (2) -1.4 -1.5 26.3 38.2 10.1 -4.4 17

18 Contributions receivable -1.9 -2.0 4.4 0.7 2.5 -1.3 18

19 Other -7.1 4.8 -13.2 -27.6 9.0 -27.2 19

20 Pension fund reserves (liabilities) (3) 72.9 53.9 32.3 -36.4 60.1 61.2 20

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

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

(3) Equal to the net acquisition of nonfinancial and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.
24 FFA, 2005-2010, March 8, 2012

F.119 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 0.3 0.4 0.6 0.7 0.8 0.8 1

 2 Fixed nonresidential investment 0.9 1.0 2.1 1.4 0.9 0.7 2

 3 Net acquisition of financial assets 5.4 45.5 0.8 17.0 -28.2 -38.5 3

 4 Checkable deposits and currency -0.4 -2.7 4.8 -0.2 -0.0 -0.5 4

 5 Time and savings deposits -0.1 -0.5 -0.1 -0.0 -0.0 -0.0 5

 6 Money market fund shares 0.1 2.1 -1.4 1.9 -0.0 -0.4 6

 7 Security RPs -0.6 4.5 -2.5 1.8 -0.0 -0.6 7

 8 Credit market instruments 18.1 114.6 12.3 13.3 -8.8 -8.2 8

 9 Open market paper 0.1 7.6 -4.4 -12.5 -2.0 -1.6 9

10 Treasury securities 2.8 2.4 -14.6 4.8 28.1 11.1 10

11 Agency- and GSE-backed securities -0.4 49.4 23.3 6.3 -30.5 -21.7 11

12 Municipal securities -0.2 1.6 -0.8 -1.0 0.0 0.1 12

13 Corporate and foreign bonds 14.5 55.5 13.6 15.9 -4.3 3.8 13

14 Mortgages 1.3 -2.0 -4.7 -0.3 -0.1 0.1 14

15 Corporate equities -5.6 -70.0 -6.4 1.2 -17.3 -25.8 15

16 Mutual fund shares -5.5 -3.4 -5.2 -1.1 -2.5 -3.8 16

17 Miscellaneous assets -0.6 1.0 -0.6 -0.0 0.5 0.7 17

18 Pension fund reserves (liabilities) (1) 6.0 46.1 2.3 17.7 -28.0 -38.5 18

(1) Equal to the net acquisition of nonfinancial and financial assets less gross saving (line 2 + line 3 - line 1). These liabilities are assets of the household sector.

F.120 Federal Government Retirement Funds (1)

Billions of dollars

 1 Net acquisition of financial assets 54.7 50.4 47.8 78.9 78.2 81.9 1

 2 Credit market instruments 7.7 8.4 11.7 24.2 7.4 11.0 2

 3 Treasury securities 7.8 8.3 11.3 24.2 6.8 10.1 3

 4 Agency- and GSE-backed securities 0.0 0.1 0.3 0.0 0.6 0.7 4

 5 Corporate and foreign bonds -0.0 -0.0 0.1 -0.1 0.1 0.2 5

 6 Corporate equities 7.0 6.3 2.7 -8.6 8.8 5.2 6

 7 Miscellaneous assets(2) 40.0 35.8 33.3 63.3 61.9 65.7 7

 8 Pension fund reserves (liabilities) (3) 54.7 50.4 47.8 78.9 78.2 81.9 8

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

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
FFA, 2005-2010, March 8, 2012 25

F.121 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net acquisition of financial assets 127.0 305.3 720.9 724.2 -499.0 -502.9 1

 2 Foreign deposits 16.2 -10.6 43.2 2.0 -32.2 8.7 2

 3 Checkable deposits and currency -1.4 7.5 -4.8 5.6 10.4 -3.7 3

 4 Time and savings deposits 15.7 23.7 63.9 84.6 217.9 -105.2 4

 5 Security RPs 112.0 48.7 211.3 -63.5 -62.5 -0.5 5

 6 Credit market instruments -5.5 220.0 375.6 738.6 -644.0 -410.0 6

 7 Open market paper 86.3 116.1 66.3 -56.1 -108.0 -116.3 7

 8 Treasury securities -9.6 -5.9 95.5 399.5 -171.3 -71.0 8

 9 Agency- and GSE-backed securities -107.4 -28.7 104.5 520.3 -213.2 -140.1 9

10 Municipal securities 23.0 33.5 100.7 23.6 -93.3 -66.9 10

11 Corporate and foreign bonds 2.2 105.1 8.5 -148.8 -58.1 -15.7 11

12 Miscellaneous assets -10.0 15.9 31.8 -43.1 11.3 7.7 12

13 Net share issues (liabilities) 127.0 305.3 720.9 724.2 -499.0 -502.9 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117).

F.122 Mutual Funds (1)

Billions of dollars

 1 Gross saving 21.1 11.4 13.4 -5.7 -83.3 -103.6 1

 2 Net acquisition of financial assets 260.2 336.8 364.7 31.0 490.5 389.3 2

 3 Security RPs 2.8 17.4 -0.6 -7.4 28.6 -15.8 3

 4 Credit market instruments 124.1 184.9 271.1 73.3 380.7 374.3 4

 5 Open market paper 2.9 17.4 -0.4 -62.5 28.6 -13.9 5

 6 Treasury securities 6.6 5.0 18.5 8.7 67.6 41.9 6

 7 Agency- and GSE-backed securities 20.8 15.7 66.2 27.3 46.4 152.0 7

 8 Municipal securities 17.4 32.7 27.8 17.4 90.6 46.4 8

 9 Corporate and foreign bonds 65.9 104.3 123.0 69.9 146.2 148.7 9

10 Other loans and advances 10.5 9.8 36.1 12.4 1.3 -0.8 10

11 Corporate equities 129.6 131.3 91.3 -38.1 86.3 42.8 11

12 Miscellaneous assets 3.7 3.3 2.8 3.2 -5.1 -12.0 12

13 Net share issues (liabilities) 260.2 336.8 364.7 31.0 490.5 389.3 13

14 Discrepancy 21.1 11.4 13.4 -5.7 -83.3 -103.6 14

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance companies sector (table F.117).

F.123 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Net acquisition of financial assets 20.6 8.0 17.6 -63.4 5.6 0.1 1

 2 Credit market instruments 2.2 6.0 -0.9 -41.1 9.6 5.0 2

 3 Treasury securities 0.3 0.2 -1.7 -2.4 1.2 0.7 3

 4 Municipal securities 0.2 0.0 1.9 -13.3 3.2 0.1 4

 5 Corporate and foreign bonds 1.7 5.7 -1.0 -25.3 5.2 4.1 5

 6 Corporate equities 18.4 2.0 18.4 -22.3 -4.1 -4.8 6

 7 Net share issues (liabilities) 20.6 8.0 17.6 -63.4 5.6 0.1 7

 Exchange-traded funds

 8 Net acquisition of financial assets 56.7 74.0 150.5 177.2 116.5 117.8 8

 9 Credit market instruments 6.8 5.7 13.3 23.0 46.0 29.7 9

10 Treasury securities 4.8 3.4 6.6 7.4 14.7 9.2 10

11 Municipal securities 0.0 0.0 0.6 1.7 3.6 1.7 11

12 Corporate and foreign bonds 1.9 2.4 6.2 13.9 27.6 18.7 12

13 Corporate equities 50.0 68.3 137.2 154.2 70.5 88.2 13

14 Net share issues (liabilities) 56.7 74.0 150.5 177.2 116.5 117.8 14
26 FFA, 2005-2010, March 8, 2012

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 4.2 4.1 4.8 6.7 9.7 10.7 1

 2 Fixed nonresidential investment 0.7 0.8 1.3 1.7 1.0 3.1 2

 3 Net acquisition of financial assets -63.5 53.5 301.4 233.7 -360.7 -314.0 3

 4 Checkable deposits and currency -24.5 1.8 -2.7 39.7 11.1 -36.0 4

 5 Time and savings deposits 12.1 -1.5 12.8 21.9 -42.8 0.3 5

 6 Federal funds and security RPs (net) 14.1 9.7 25.3 -28.2 7.6 20.6 6

 7 Credit market instruments -69.1 46.6 239.0 242.9 -337.8 -328.2 7

 8 Open market paper 8.0 18.5 -4.7 14.1 3.0 0.2 8

 9 Treasury securities 0.2 1.2 1.3 1.2 5.1 33.3 9

10 Agency- and GSE-backed securities -135.4 -37.1 -11.1 207.0 -27.4 -85.1 10

11 Municipal securities -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 11

12 Corporate and foreign bonds 50.9 16.1 -17.4 -77.7 -33.8 -16.9 12

13 Other loans and advances 52.4 33.1 237.7 38.1 -284.8 -144.7 13

14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Farm Credit System 8.1 11.9 11.9 4.8 -0.2 7.2 15

16 FHLB loans 44.4 21.2 225.8 33.3 -284.6 -151.9 16

17 Mortgages -40.2 18.4 35.9 62.2 2.4 -110.8 17

18 Home -54.7 3.7 -9.7 8.8 -11.3 -117.3 18

19 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -232.5 19

20 Other -54.7 3.7 -9.7 8.8 -11.3 115.1 20

21 Multifamily residential 10.5 12.4 42.3 42.5 14.2 2.0 21

22 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 25.3 22

23 Other 10.5 12.4 42.3 42.5 14.2 -23.3 23

24 Farm 4.0 2.2 3.3 10.9 -0.5 4.6 24

25 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 4.0 -3.2 27.0 -42.6 1.2 29.3 26

27 Net increase in liabilities -81.7 48.3 325.6 336.4 -317.1 -263.8 27

28 Credit market instruments -84.0 35.6 282.4 271.7 -475.3 -233.8 28

29 GSE issues (4) -84.0 35.6 282.4 271.7 -475.3 -233.8 29

30 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 -207.2 30

31 Other -84.0 35.6 282.4 271.7 -475.3 -26.5 31

32 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Corporate equities 4.2 1.1 25.5 27.6 96.0 38.1 33

34 Miscellaneous liabilities -1.9 11.6 17.7 37.1 62.2 -68.1 34

35 Discrepancy -14.8 -1.9 27.7 107.8 52.2 57.7 35

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing

 Association (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table F.125) are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

F.125 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Net acquisition of financial assets 164.5 292.6 623.3 497.0 415.3 186.9 1

 2 Home mortgages 169.0 302.8 622.6 492.2 402.5 175.8 2

 3 Multifamily residential mortgages -4.5 -12.5 -0.7 4.6 13.0 11.3 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages -0.1 2.3 1.4 0.1 -0.2 -0.2 5

 6 Net increase in pool securities (liabilities)(2) 164.5 292.6 623.3 497.0 415.3 186.9 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on

 Fannie Mae’s and Freddie Mac’s balance sheets (table F.124). Also includes agency- and GSE-backed mortgage pool securities that are used as collateral for agency- and GSE-backed CMOs

 and privately issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans.

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 2005-2010, March 8, 2012 27

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 0.8 0.7 0.6 0.5 0.4 0.4 1

 2 Fixed nonresidential investment 0.2 0.1 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 731.7 811.9 340.5 -407.7 -739.9 -520.0 3

 4 Treasury securities 19.7 33.4 24.7 -13.6 -18.3 -13.8 4

 5 Agency- and GSE-backed securities (1) -34.0 20.9 28.6 -27.0 -229.2 -106.9 5

 6 Other loans and advances 20.2 65.0 88.6 37.9 -51.1 -39.0 6

 7 Mortgages (2) 690.3 633.0 172.7 -351.6 -365.7 -294.1 7

 8 Home 578.4 520.3 34.2 -311.9 -318.5 -240.4 8

 9 Multifamily residential 16.6 14.0 20.6 -10.8 -5.8 -8.7 9

10 Commercial 95.3 98.7 117.8 -28.9 -41.4 -45.1 10

11 Consumer credit 38.4 51.2 22.6 -37.3 -41.3 -56.8 11

12 Trade credit -2.8 8.5 3.4 -16.1 -34.3 -9.5 12

13 Net increase in liabilities 731.1 811.4 340.0 -408.1 -740.2 -520.3 13

14 Commercial paper 148.3 162.9 -194.2 -83.9 -266.2 -40.3 14

15 Corporate bonds (net) (3) 582.8 648.5 534.3 -324.3 -474.0 -480.0 15

16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

17 Consumer leases (4) -0.6 -0.5 -0.5 -0.4 -0.4 -0.3 17

18 REIT assets (5) 17.3 2.8 -17.9 -46.7 -25.3 0.4 18

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Net issuance less net acquisition of corporate bonds held as assets.

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

 The leased automobile is a nonfinancial asset; depreciation flows are included in line 1, and fixed investment flows are included in line 2.

(5) Included in table F.128.

F.127 Finance Companies (1)

Billions of dollars

 1 Gross saving 68.5 69.3 76.1 88.4 92.4 111.5 1

 2 Fixed nonresidential investment 60.2 60.9 61.9 42.5 16.5 29.0 2

 3 Net acquisition of financial assets 99.0 34.3 19.9 -59.5 -189.2 -164.3 3

 4 Checkable deposits and currency -8.9 -1.6 0.4 0.3 0.5 -1.7 4

 5 Time and savings deposits -9.1 -4.8 1.2 0.8 1.6 -5.0 5

 6 Credit market instruments 64.7 71.0 16.6 -72.3 -223.3 -141.7 6

 7 Corporate and foreign bonds -52.5 -18.7 4.5 3.0 6.3 -19.6 7

 8 Other loans and advances 27.6 18.9 24.9 16.9 -91.0 -19.0 8

 9 Mortgages 65.4 53.0 -62.5 -84.0 -50.5 -56.9 9

10 Consumer credit 24.2 17.8 49.7 -8.3 -88.0 -46.2 10

11 Miscellaneous assets 52.2 -30.2 1.7 11.8 31.9 -15.9 11

12 Net increase in liabilities 63.5 48.5 26.5 -69.1 -250.2 -185.5 12

13 Credit market instruments 33.5 34.8 34.9 -79.4 -156.2 -173.9 13

14 Open market paper -15.3 5.3 -15.1 -22.6 -38.8 1.7 14

15 Corporate bonds 43.6 42.4 -2.8 -49.6 -87.0 -110.7 15

16 Bank loans n.e.c. 5.2 -12.9 52.8 -7.1 -30.4 -64.9 16

17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable 1.9 0.0 -1.5 -0.1 -2.8 0.3 18

19 Miscellaneous liabilities 28.2 13.7 -6.9 10.4 -91.2 -11.8 19

20 Foreign direct investment in U.S. 6.3 5.2 -5.6 12.2 12.1 2.4 20

21 Investment by parent 25.5 26.2 -13.4 -8.4 -32.6 -15.9 21

22 Other -3.7 -17.8 12.0 6.5 -70.7 1.6 22

23 Discrepancy -27.1 22.6 20.8 36.3 14.9 61.3 23

 Memo:

24 Consumer leases not included above (2) 11.2 20.6 16.9 -11.8 -25.7 -15.7 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table F.126.
28 FFA, 2005-2010, March 8, 2012

F.128 Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving -18.4 -10.7 -18.0 -11.6 7.1 7.3 1

 2 Fixed nonresidential investment 8.8 7.8 11.2 6.0 3.8 2.6 2

 3 Multifamily residential investment 2.5 3.5 -9.3 0.1 -0.1 4.7 3

 4 Net acquisition of financial assets 54.2 38.7 -26.1 -67.9 -9.3 41.8 4

 5 Checkable deposits and currency 1.4 4.9 -1.8 1.8 7.9 -2.8 5

 6 Credit market instruments 41.3 26.0 -19.9 -68.9 -8.7 37.1 6

 7 Agency- and GSE-backed securities -4.0 24.8 23.5 0.7 15.5 38.2 7

 8 Corporate and foreign bonds 17.0 11.6 -30.2 -22.8 3.8 5.3 8

 9 Mortgages 28.3 -10.4 -13.2 -46.9 -28.0 -6.3 9

10 Home 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 10

11 Multifamily residential 0.3 3.1 0.2 -0.9 -2.0 -0.4 11

12 Commercial 3.2 10.3 10.1 0.4 -4.3 -2.3 12

13 Miscellaneous assets 11.6 7.8 -4.4 -0.8 -8.5 7.4 13

14 Net increase in liabilities 89.2 59.8 25.7 -56.1 -28.5 71.0 14

15 Security RPs 13.2 14.4 -6.2 -12.3 11.1 30.0 15

16 Credit market instruments 55.4 15.5 10.2 -53.8 -50.0 -2.1 16

17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate bonds 32.8 13.9 0.7 -60.3 -41.3 -0.1 18

19 Bank loans n.e.c. 8.4 -5.0 4.8 -0.3 -12.1 -2.2 19

20 Mortgages 14.1 6.6 4.7 6.8 3.4 0.2 20

21 Corporate equity issues 16.1 22.2 17.1 12.8 24.2 28.2 21

22 Miscellaneous liabilities 4.5 7.7 4.6 -2.7 -13.8 14.9 22

23 Discrepancy 5.3 -0.9 31.9 -5.8 -15.8 29.3 23

 Memo:

24 Securitized assets included above 17.3 2.8 -17.9 -46.7 -25.3 0.4 24

25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Home mortgages 15.7 -9.8 -20.2 -40.6 -25.7 1.1 26

27 Multifamily residential mortgages 0.1 0.3 -0.0 -0.0 -0.0 -0.0 27

28 Commercial mortgages 1.6 12.3 2.4 -6.1 0.4 -0.7 28
FFA, 2005-2010, March 8, 2012 29

F.129 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Gross saving 12.4 22.5 -20.7 -98.5 35.4 44.6 1

 2 Fixed nonresidential investment 14.4 18.4 25.7 21.3 25.1 24.6 2

 3 Net acquisition of financial assets 282.2 614.7 350.3 -874.8 -133.0 -9.1 3

 4 Checkable deposits and currency -6.4 24.0 24.5 15.1 -29.4 6.2 4

 5 Credit market instruments 82.3 106.2 219.7 -85.7 -192.1 32.2 5

 6 Open market paper 12.2 4.1 22.8 -21.4 -24.2 -5.3 6

 7 Treasury securities -20.0 -2.4 7.1 250.6 -67.6 -28.5 7

 8 Agency- and GSE-backed securities -6.3 37.0 152.2 -47.5 -131.8 38.9 8

 9 Municipal securities 10.9 8.0 -0.7 -11.4 -3.3 4.6 9

10 Corporate and foreign bonds 77.7 39.8 27.3 -259.0 47.5 35.2 10

11 Other loans and advances 7.7 19.8 11.1 3.1 -12.7 -12.7 11

12 Corporate equities 20.1 -0.2 25.4 -28.5 -4.6 -18.5 12

13 Security credit -31.6 59.7 33.4 -160.7 38.1 75.2 13

14 Miscellaneous assets 217.7 425.1 47.3 -615.1 54.9 -104.2 14

15 Net increase in liabilities 273.9 585.9 392.4 -683.2 -205.4 -6.3 15

16 Security RPs (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 16

17 Credit market instruments 0.1 6.4 -4.0 77.7 -49.7 36.9 17

18 Corporate bonds 0.1 6.4 -4.0 32.3 -4.2 36.9 18

19 Bank loans n.e.c. (1) 0.0 0.0 0.0 45.5 -45.5 0.0 19

20 Corporate equity issues 3.3 -7.6 32.3 120.2 -32.4 -11.1 20

21 Trade payables 7.0 5.2 -2.4 -24.7 48.9 -52.0 21

22 Security credit 31.8 151.8 243.0 -237.3 -134.0 48.4 22

23 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 23

24 From U.S.-chartered commercial banks -6.6 20.9 29.3 12.8 -59.2 -5.8 24

25 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 25

26 Taxes payable -0.1 0.7 -0.6 0.3 3.2 -2.1 26

27 Miscellaneous liabilities 26.2 97.8 46.2 -70.7 19.8 39.5 27

28 Foreign direct investment in U.S. -2.6 -5.1 9.0 55.8 3.5 30.5 28

29 Due to affiliates 115.1 62.3 -36.1 65.8 -81.6 -15.7 29

30 Other -86.2 40.6 73.4 -192.2 97.9 24.7 30

31 Proprietors’ net investment -1.2 -6.8 2.4 11.5 -3.6 0.4 31

32 Discrepancy -10.3 -24.7 -4.3 71.9 -62.1 22.9 32

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

F.130 Funding Corporations (1)

Billions of dollars

 1 Net acquisition of financial assets 164.3 136.8 380.3 973.2 -450.3 -136.5 1

 2 Money market fund shares 38.9 45.9 325.4 274.0 -175.3 -169.1 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.0 3

 4 Credit market instruments 57.5 59.8 -62.7 657.1 -233.0 77.9 4

 5 Open market paper 83.2 63.5 -179.0 144.7 -266.8 27.5 5

 6 Corporate and foreign bonds -29.4 -7.1 109.6 497.3 43.6 51.9 6

 7 Other loans and advances 3.6 3.4 6.7 15.1 -9.8 -1.5 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 1.3 8

 9 Miscellaneous assets 67.9 31.1 117.6 42.1 -67.2 -46.5 9

10 Investment in foreign banking offices 21.0 8.6 43.7 35.6 -73.5 -31.5 10

11 Investment in brokers and dealers 46.9 22.6 73.9 6.4 6.3 -15.0 11

12 Net increase in liabilities 164.3 136.8 380.3 973.2 -450.3 -136.5 12

13 Credit market instruments 104.7 29.1 114.5 466.4 -434.8 -65.3 13

14 Open market paper 77.1 7.5 62.9 20.1 -125.1 -47.4 14

15 Corporate bonds 27.6 21.6 51.5 1.4 37.9 -3.2 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 444.9 -349.6 -21.9 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 7.2 17

18 Corporate equities (5) 0.0 0.0 0.0 40.0 30.5 3.5 18

19 Miscellaneous liabilities 59.6 107.7 265.9 466.7 -45.9 -74.6 19

20 Foreign direct investment in U.S. 0.6 0.6 0.6 0.6 0.6 0.6 20

21 Securities loaned (net) 174.9 302.6 -2.1 -353.2 -30.2 -123.5 21

22 Equity interest under PPIP 0.0 0.0 0.0 0.0 2.4 7.9 22

23 Other (net) -115.9 -195.5 267.3 819.4 -18.7 40.4 23

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) LLC and to funds associated with PPIP.

(5) Preferred shares issued by AIG to the federal goverment under the Troubled Asset Relief Program (TARP) program and the monetary authority sector’s preferred interest in

 AIA Aurora LLC and ALICO Holdings LLC.
30 FFA, 2005-2010, March 8, 2012

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities -14.1 -2.4 0.1 4.8 99.9 1.8 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 2

 3 Rest of the world -14.1 -2.4 0.1 4.8 52.3 1.8 3

 4 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 4

 5 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 5

 6 Foreign currency holdings 0.6 0.7 1.0 1.3 0.7 0.5 6

 7 Net change in assets -14.1 -2.4 0.1 4.8 99.9 1.8 7

 8 Federal government -14.4 -2.7 -0.4 4.2 51.9 1.6 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings -4.5 0.2 0.2 0.1 48.2 0.0 10

11 Reserve position in IMF (net) -10.2 -3.3 -1.0 3.5 3.4 1.3 11

12 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.3 12

13 Rest of the world 0.0 0.0 0.0 0.0 47.6 0.0 13

14 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 15

16 Monetary authority 0.3 0.3 0.5 0.6 0.3 0.3 16

17 Monetary gold (2) -0.0 -0.0 0.0 0.0 0.0 0.0 17

18 Reserve position in IMF (net) 0.0 -0.0 0.0 -0.0 0.0 0.0 18

19 Foreign currency holdings 0.3 0.4 0.5 0.6 0.3 0.3 19

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, transactions in monetary gold are recorded in the financial account of the domestic sectors as increases (decreases) in assets,

 and the counterparts are recorded as decreases (increases) in assets of the rest of the world.

F.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 0.0 0.0 0.0 0.0 3.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 3.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.8 0.6 -0.7 -0.8 -0.4 -0.3 3

 4 Asset: Monetary authority 0.1 1.7 0.5 -0.0 4.0 0.9 4

 5 Discrepancy (seigniorage) 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 40.8 87.2 256.0 -394.3 -106.1 71.7 1

 Held by:

 2 Household sector 2.4 5.2 15.4 -23.7 -6.4 4.3 2

 3 Nonfinancial corporate business 9.9 -14.2 0.9 -25.5 6.8 40.5 3

 4 Money market mutual funds 16.2 -10.6 43.2 2.0 -32.2 8.7 4

 5 Discrepancy--unallocated assets 12.3 106.8 196.5 -347.1 -74.4 18.2 5
FFA, 2005-2010, March 8, 2012 31

F.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities -12.4 -11.3 -97.5 1801.9 -609.0 -185.8 1

 2 Monetary authority 3.6 1.3 5.4 842.0 114.2 -11.1 2

 3 U.S.-chartered commercial banks 16.6 71.1 139.0 789.0 -562.7 -247.2 3

 4 Foreign banking offices in U.S. -6.0 -71.3 -191.1 240.5 -158.9 48.1 4

 5 Bank holding companies -26.5 -12.3 -50.9 -69.5 -1.6 24.4 5

 6 Net change in assets -8.8 -9.3 -99.3 1771.4 -643.4 -165.6 6

 7 Rest of the world -12.3 -9.4 -153.6 419.8 -293.9 -58.7 7

 8 Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 8

 9 U.S.-chartered commercial banks 3.9 2.3 4.4 562.9 44.4 -91.2 9

10 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 10

11 Savings institutions -0.5 -0.7 0.6 36.4 6.5 -0.7 11

12 Credit unions 0.0 0.0 0.0 4.7 18.1 14.1 12

13 Discrepancy -3.6 -1.9 1.8 30.6 34.4 -20.2 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 8.6 1.6 3.3 2.7 -2.8 -2.2 14

15 Asset: U.S.-chartered commercial banks 8.6 1.6 3.3 2.7 -2.8 -2.2 15

 Depository institution reserves:

16 Liab.: Monetary authority -5.0 -0.3 2.1 839.2 117.0 -8.9 16

17 Asset: U.S.-chartered commercial banks -4.7 0.7 1.1 560.2 47.2 -89.0 17

18 Foreign banking offices in U.S. 0.2 -0.3 0.4 238.0 45.1 66.7 18

19 Savings institutions -0.5 -0.7 0.6 36.4 6.5 -0.7 19

20 Credit unions 0.0 0.0 0.0 4.7 18.1 14.1 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks -0.0 -1.2 48.9 509.6 -463.7 -95.7 21

22 Federal Reserve float -0.0 -1.2 0.3 -1.5 -0.6 0.7 22

23 Loans to member banks 0.0 -0.0 48.6 511.1 -463.1 -96.4 23

24 Asset: Monetary authority -0.0 -1.2 48.9 509.6 -463.7 -95.7 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 3.5 111.4 63.9 172.6 -109.3 -83.3 25

26 Due to foreign affiliates 20.2 98.8 64.2 131.5 -21.3 22.7 26

27 - Due from foreign affiliates 16.8 -12.6 0.3 -41.1 88.0 106.0 27

28 Foreign banking offices in U.S. (net) -8.6 -79.2 -168.8 244.3 -171.2 44.0 28

29 Due to foreign affiliates 59.6 190.6 4.5 7.4 2.5 96.7 29

30 - Due from foreign affiliates 68.2 269.8 173.3 -236.9 173.7 52.7 30

31 Bank holding companies (net) -19.6 -41.3 -42.2 9.1 -23.5 -10.6 31

32 Due to foreign affiliates 9.2 -22.6 31.9 92.0 -15.7 -7.6 32

33 - Due from foreign affiliates 28.9 18.7 74.1 83.0 7.8 3.0 33

34 Less: Deposits at foreign banks -12.4 0.3 6.6 6.2 -10.1 8.8 34

35 U.S.-chartered commercial banks -12.6 0.9 6.0 6.6 -15.2 5.7 35

36 Foreign banking offices in U.S. 0.2 -0.6 0.6 -0.4 5.1 3.1 36

37 Asset: Rest of the world (1) -12.3 -9.4 -153.6 419.8 -293.9 -58.7 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) 0.5 -38.1 32.2 113.4 -4.9 -62.4 38

39 Due to (3): -11.2 12.9 16.5 -16.9 8.3 -23.2 39

40 Foreign banking offices in U.S. -7.2 14.8 15.4 -47.3 -22.2 -1.7 40

41 Bank holding companies -0.4 -0.0 -0.7 -0.1 -3.9 -1.3 41

42 - Due from: -11.7 51.0 -15.7 -130.3 13.2 39.3 42

43 Foreign banking offices in U.S. -4.3 22.1 -6.3 -51.6 -4.7 5.6 43

44 Bank holding companies -7.4 29.0 -9.4 -78.7 17.9 33.7 44

45 Unallocated (2) -3.6 -1.9 1.8 30.6 34.4 -20.2 45

(1) Sum of lines 25, 28, and 31 less line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 45), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, and 45.
32 FFA, 2005-2010, March 8, 2012

F.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 4.4 -19.9 36.7 568.4 -7.9 266.3 1

 2 Monetary authority 30.1 23.5 17.8 428.2 -117.6 185.0 2

 3 Federal government cash and deposits -1.4 0.2 11.4 349.3 -173.8 149.0 3

 4 Due to government-sponsored enterprises 0.9 -1.2 0.9 19.4 14.0 -21.6 4

 5 Deposits due to foreign 0.0 0.0 -0.0 1.3 1.0 0.9 5

 6 Currency outside banks 30.6 24.5 5.5 58.2 41.2 56.7 6

 7 U.S.-chartered commercial banks -36.8 -36.6 9.0 140.8 80.9 70.3 7

 8 Federal government deposits 7.0 -5.9 14.9 -39.5 0.3 -0.1 8

 9 Deposits due to foreign 6.2 9.4 5.0 31.2 -28.7 -3.8 9

10 Private domestic deposits -49.9 -40.1 -10.9 149.1 109.2 74.3 10

11 Foreign banking offices in U.S. 0.5 -0.0 2.6 1.7 2.6 5.7 11

12 Deposits due to foreign 0.2 -0.2 0.3 2.4 5.8 4.1 12

13 Private domestic deposits 0.3 0.2 2.3 -0.7 -3.2 1.7 13

14 Banks in U.S.-affiliated areas -0.2 0.7 1.7 -1.1 1.4 0.5 14

15 Savings institutions 3.8 0.9 4.5 -2.9 13.1 -0.8 15

16 Credit unions 7.0 -8.5 1.1 1.6 11.6 5.5 16

17 Net change in assets 4.4 -19.9 36.7 568.4 -7.9 266.3 17

18 Household sector -127.2 -43.8 -71.8 236.8 38.2 -145.0 18

19 Nonfinancial business 150.5 -41.6 58.4 -104.9 147.8 257.8 19

20 Corporate 73.9 -116.3 -8.5 -108.7 127.4 279.0 20

21 Noncorporate 76.6 74.6 66.9 3.8 20.4 -21.2 21

22 State and local governments 9.5 5.4 -4.8 8.5 19.2 6.7 22

23 Federal government 12.2 -2.7 25.1 313.1 -174.2 148.9 23

24 Rest of the world 14.9 11.4 -5.4 64.0 -9.2 29.5 24

25 Checkable deposits 6.4 9.2 5.2 34.8 -21.8 1.2 25

26 Currency 8.4 2.2 -10.7 29.2 12.6 28.3 26

27 Financial sectors -50.5 54.3 34.2 56.1 -29.4 -30.5 27

28 Banks in U.S.-affiliated areas -0.5 -0.1 -0.3 0.6 1.0 -0.9 28

29 Savings institutions 2.4 -3.3 -0.5 -11.2 -4.2 -2.4 29

30 Credit unions -2.0 6.2 -1.1 -5.7 1.4 -6.3 30

31 Property-casualty insurance companies -4.8 8.9 12.8 -14.8 -0.3 5.0 31

32 Life insurance companies -5.5 8.3 2.3 24.4 -32.1 1.0 32

33 Private pension funds 0.3 0.4 0.6 0.5 4.2 11.5 33

34 State and local govt. retirement funds -0.4 -2.7 4.8 -0.2 -0.0 -0.5 34

35 Money market mutual funds -1.4 7.5 -4.8 5.6 10.4 -3.7 35

36 Government-sponsored enterprises -24.5 1.8 -2.7 39.7 11.1 -36.0 36

37 Finance companies -8.9 -1.6 0.4 0.3 0.5 -1.7 37

38 REITs 1.4 4.9 -1.8 1.8 7.9 -2.8 38

39 Brokers and dealers -6.4 24.0 24.5 15.1 -29.4 6.2 39

40 Mail float -4.9 -3.0 1.0 -5.2 -0.3 -1.1 40
FFA, 2005-2010, March 8, 2012 33

F.205 Time and Savings Deposits

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 598.9 608.2 599.9 334.2 375.4 116.1 1

 2 Small time and savings deposits 314.4 347.0 316.4 524.8 517.2 298.4 2

 3 U.S.-chartered commercial banks 262.9 277.8 255.0 540.2 382.9 276.9 3

 4 Foreign banking offices in U.S. 0.5 8.6 6.9 0.1 4.4 5.8 4

 5 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 5

 6 Savings institutions 34.0 28.9 27.6 -59.6 89.4 -5.2 6

 7 Credit unions 12.1 30.5 25.8 43.0 43.4 26.2 7

 8 Large time deposits (1) 284.4 261.2 283.4 -190.6 -141.8 -182.3 8

 9 U.S.-chartered commercial banks 166.8 129.9 23.1 24.6 -174.0 -150.1 9

10 Foreign banking offices in U.S. 71.4 132.8 273.4 -123.2 173.9 -49.6 10

11 Banks in U.S.-affiliated areas 4.9 1.2 1.1 1.1 -2.9 -5.2 11

12 Savings institutions 38.8 -5.2 -19.0 -93.5 -155.8 19.9 12

13 Credit unions 2.5 2.5 4.8 0.5 17.0 2.7 13

14 Net change in assets 598.9 608.2 599.9 334.2 375.4 116.1 14

15 Household sector 487.1 486.5 477.2 194.3 107.2 230.3 15

16 Nonfinancial business 73.4 66.9 -40.7 -60.7 102.1 -31.6 16

17 Corporate 49.9 46.6 -55.7 -59.4 106.9 -17.2 17

18 Noncorporate 23.5 20.3 14.9 -1.2 -4.8 -14.4 18

19 State and local governments 12.8 26.2 36.4 19.1 10.8 -0.4 19

20 Federal government -1.0 0.2 1.2 -1.3 0.3 0.1 20

21 Rest of the world 6.7 11.5 40.3 65.5 -43.1 17.7 21

22 Financial sectors 19.9 16.8 85.6 117.3 198.0 -99.9 22

23 Savings institutions -0.5 3.9 3.3 -1.6 7.0 -0.0 23

24 Credit unions -4.5 -4.9 -0.0 11.4 9.5 5.6 24

25 Private pension funds 6.3 0.8 4.6 0.3 4.7 4.4 25

26 State and local govt. retirement funds -0.1 -0.5 -0.1 -0.0 -0.0 -0.0 26

27 Money market mutual funds 15.7 23.7 63.9 84.6 217.9 -105.2 27

28 Government-sponsored enterprises 12.1 -1.5 12.8 21.9 -42.8 0.3 28

29 Finance companies -9.1 -4.8 1.2 0.8 1.6 -5.0 29

(1) Large time deposits are those issued in amounts of $100,000 or more.

F.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Net issues 127.0 305.3 720.9 724.2 -499.0 -502.9 1

 2 Net purchases 127.0 305.3 720.9 724.2 -499.0 -502.9 2

 3 Household sector 45.2 165.2 232.2 235.1 -268.7 -183.4 3

 4 Nonfinancial corporate business 39.6 68.1 128.1 158.2 -56.5 -128.6 4

 5 Nonfinancial noncorporate business 2.4 3.2 2.2 1.0 -1.7 -3.0 5

 6 State and local governments 3.2 2.8 6.6 -1.8 4.1 5.4 6

 7 Rest of the world 0.1 4.1 19.0 23.7 7.2 -7.1 7

 8 Property-casualty insurance companies -0.7 0.7 7.2 12.1 -3.2 -4.0 8

 9 Life insurance companies -3.7 9.7 -1.6 17.5 -5.5 -12.7 9

10 Private pension funds 1.9 3.4 3.4 2.3 0.6 -0.1 10

11 State and local govt. retirement funds 0.1 2.1 -1.4 1.9 -0.0 -0.4 11

12 Funding corporations 38.9 45.9 325.4 274.0 -175.3 -169.1 12
34 FFA, 2005-2010, March 8, 2012

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 315.2 403.2 8.1 -889.5 207.8 -201.3 1

 2 Monetary authority -0.3 -0.9 14.4 44.4 -10.6 -18.0 2

 3 U.S.-chartered commercial banks (net) 57.0 21.4 -36.1 -259.0 244.9 -190.9 3

 4 Foreign banking offices in U.S. (net) 33.4 49.0 -13.6 -96.3 40.3 52.9 4

 5 Bank holding companies (net) -0.2 0.1 0.1 -0.4 -19.9 -1.8 5

 6 Savings institutions -2.3 -19.2 -24.1 -0.0 1.8 -6.0 6

 7 Property-casualty insurance companies 0.1 -0.1 -0.7 1.9 -1.7 0.8 7

 8 Life insurance companies 7.4 0.3 -1.1 -7.3 -0.5 -2.2 8

 9 REITs 13.2 14.4 -6.2 -12.3 11.1 30.0 9

10 Brokers and dealers (net) 206.7 338.3 75.5 -560.3 -57.5 -66.2 10

11 Net change in assets 205.3 90.8 239.5 -284.6 -258.7 -115.9 11

12 Nonfinancial corporate business 8.1 1.0 -7.5 -0.9 0.7 4.4 12

13 State and local governments 6.3 5.6 13.0 -3.5 8.0 10.6 13

14 Rest of the world (net) 45.5 2.4 -35.2 -214.0 -146.4 -128.6 14

15 Monetary authority 13.8 -6.0 5.8 33.5 -80.0 0.0 15

16 Savings institutions -0.1 9.3 27.3 -10.9 -22.7 -6.6 16

17 Credit unions (net) 2.6 -1.6 -2.6 -4.8 2.4 -0.1 17

18 Property-casualty insurance companies 0.6 -0.7 1.7 0.8 0.1 -0.7 18

19 Life insurance companies -1.0 -0.1 0.2 5.2 2.2 0.7 19

20 Private pension funds 1.0 0.8 3.4 7.3 3.1 0.9 20

21 State and local govt. retirement funds -0.6 4.5 -2.5 1.8 -0.0 -0.6 21

22 Money market mutual funds 112.0 48.7 211.3 -63.5 -62.5 -0.5 22

23 Mutual funds 2.8 17.4 -0.6 -7.4 28.6 -15.8 23

24 Government-sponsored enterprises (net) 14.1 9.7 25.3 -28.2 7.6 20.6 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.0 25

26 Discrepancy--unallocated assets 109.9 312.4 -231.4 -604.9 466.5 -85.4 26

F.208 Open Market Paper

Billions of dollars

 1 Total net issues, all types 245.1 317.1 -169.4 -189.0 -461.9 -79.9 1

 2 Commercial paper 245.1 317.4 -169.4 -188.8 -461.9 -79.9 2

 3 Nonfinancial corporate business -7.7 22.4 11.3 7.7 -73.1 24.5 3

 4 Foreign issues in U.S. 38.6 98.4 -69.3 -71.0 59.4 -2.7 4

 5 Nonfinancial 15.7 -1.9 2.0 20.7 -15.2 -3.8 5

 6 Financial 22.9 100.3 -71.3 -91.7 74.5 1.1 6

 7 Financial sectors 214.2 196.6 -111.4 -125.4 -448.2 -101.7 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 -19.7 8

 9 Bank holding companies 4.0 20.9 35.0 -39.0 -18.1 3.9 9

10 ABS issuers 148.3 162.9 -194.2 -83.9 -266.2 -40.3 10

11 Finance companies -15.3 5.3 -15.1 -22.6 -38.8 1.7 11

12 REITs 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Funding corporations 77.1 7.5 62.9 20.1 -125.1 -47.4 13

14 Bankers’ acceptances (1) 0.0 -0.3 0.0 -0.2 0.0 0.0 14

15 U.S.-chartered commercial banks -0.0 0.0 0.0 0.0 0.0 0.0 15

16 Foreign banking offices in U.S. 0.0 -0.3 0.0 -0.2 0.0 0.0 16

17 Net purchases, by sector 245.1 317.1 -169.4 -189.0 -461.9 -79.9 17

18 Household sector 14.7 19.0 -10.2 -101.3 28.7 28.8 18

19 Nonfinancial corporate business 16.0 11.7 -53.2 -12.2 -1.3 15.5 19

20 State and local governments 8.3 7.3 -3.0 -64.6 -54.5 7.0 20

21 Rest of the world 9.9 46.7 -8.3 -45.1 -41.4 0.8 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered commercial banks (1) 0.0 0.0 0.0 15.7 -15.7 0.0 23

24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Credit unions -0.0 0.2 -0.5 -0.4 0.0 0.0 26

27 Property-casualty insurance companies 3.5 0.6 -3.1 5.8 -9.3 -1.9 27

28 Life insurance companies -3.0 4.3 13.1 -3.4 11.5 -8.9 28

29 Private pension funds 3.0 0.2 -4.8 10.2 -10.5 -11.7 29

30 State and local govt. retirement funds 0.1 7.6 -4.4 -12.5 -2.0 -1.6 30

31 Money market mutual funds 86.3 116.1 66.3 -56.1 -108.0 -116.3 31

32 Mutual funds 2.9 17.4 -0.4 -62.5 28.6 -13.9 32

33 Government-sponsored enterprises 8.0 18.5 -4.7 14.1 3.0 0.2 33

34 Brokers and dealers 12.2 4.1 22.8 -21.4 -24.2 -5.3 34

35 Funding corporations 83.2 63.5 -179.0 144.7 -266.8 27.5 35

(1) Excludes banks’ holdings of own acceptances.
FFA, 2005-2010, March 8, 2012 35

F.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues 307.3 183.7 237.5 1239.0 1443.7 1579.6 1

 2 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 2

 3 Treasury bills -40.5 -19.9 58.8 861.6 -73.3 -19.0 3

 4 Other Treasury securities 347.1 206.4 184.7 379.8 1519.8 1601.8 4

 5 Net purchases 307.3 183.7 237.5 1239.0 1443.7 1579.6 5

 6 Household sector -96.2 -83.9 -50.0 156.8 422.5 360.1 6

 7 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 7

 8 Bills and other Treasury securities -96.9 -81.2 -44.0 159.2 425.2 363.4 8

 9 Nonfinancial corporate business 18.1 -6.7 -7.1 -7.9 12.5 0.4 9

10 Nonfinancial noncorporate business 6.0 0.2 3.0 -7.5 -5.7 -1.9 10

11 State and local governments 85.9 31.7 18.3 -50.0 18.8 9.7 11

12 Rest of the world 245.1 150.3 165.3 711.6 555.0 654.2 12

13 Monetary authority 26.4 34.7 -38.3 -264.7 300.7 244.9 13

14 U.S.-chartered commercial banks -10.1 -2.2 11.1 -19.6 64.3 93.9 14

15 Foreign banking offices in U.S. 0.1 -1.0 3.6 5.1 22.0 3.5 15

16 Bank holding companies -0.9 1.4 4.6 -4.0 2.7 13.8 16

17 Banks in U.S.-affiliated areas 0.1 -0.2 -1.9 -0.6 -0.7 0.6 17

18 Savings institutions 4.0 4.5 -5.4 -4.1 3.8 -0.9 18

19 Credit unions -1.1 -0.3 3.0 -1.6 5.3 5.8 19

20 Property-casualty insurance companies 0.3 3.1 -38.7 -5.6 22.9 3.2 20

21 Life insurance companies 13.5 -7.6 -17.3 35.1 27.7 23.2 21

22 Private pension funds 3.5 14.3 38.7 15.4 125.8 176.0 22

23 State and local govt. retirement funds 2.8 2.4 -14.6 4.8 28.1 11.1 23

24 Federal government retirement funds 7.8 8.3 11.3 24.2 6.8 10.1 24

25 Money market mutual funds -9.6 -5.9 95.5 399.5 -171.3 -71.0 25

26 Mutual funds 6.6 5.0 18.5 8.7 67.6 41.9 26

27 Closed-end funds 0.3 0.2 -1.7 -2.4 1.2 0.7 27

28 Exchange-traded funds 4.8 3.4 6.6 7.4 14.7 9.2 28

29 Government-sponsored enterprises 0.2 1.2 1.3 1.2 5.1 33.3 29

30 ABS issuers 19.7 33.4 24.7 -13.6 -18.3 -13.8 30

31 Brokers and dealers -20.0 -2.4 7.1 250.6 -67.6 -28.5 31

 Memo:

32 Federal government borrowing (1) 306.9 183.4 237.1 1239.2 1443.9 1580.2 32

(1) Total issues of Treasury securities (table F.209, line 1) plus budget agency securities (table F.210, line 2) and federal mortgage borrowing (table F.217, line 11).
36 FFA, 2005-2010, March 8, 2012

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues 80.0 327.9 905.3 768.9 -59.9 -46.2 1

 2 Budget agencies -0.4 -0.3 -0.4 0.2 0.1 0.7 2

 3 Government-sponsored enterprises -84.0 35.6 282.4 271.7 -475.3 -233.8 3

 4 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 4

 5 Net purchases 80.0 327.9 905.3 768.9 -59.9 -46.2 5

 6 Household sector 110.9 -40.0 313.9 97.6 -566.2 91.1 6

 7 Nonfinancial corporate business 6.0 -2.2 -2.4 -2.6 4.2 0.9 7

 8 State and local governments 18.0 15.8 37.0 -9.9 -17.1 10.0 8

 9 Federal government 0.0 0.0 0.0 54.4 142.0 -47.2 9

10 Rest of the world 134.3 224.0 248.8 -228.6 -226.0 -89.1 10

11 Monetary authority 0.0 0.0 0.0 19.7 1048.5 71.4 11

12 U.S.-chartered commercial banks -3.3 47.5 -111.4 139.7 148.4 87.1 12

13 Foreign banking offices in U.S. -0.9 4.2 2.0 -6.5 -19.3 -4.8 13

14 Bank holding companies -2.3 -0.0 -1.3 15.9 -7.0 -3.2 14

15 Banks in U.S.-affiliated areas 1.2 -5.8 -2.7 -2.0 -3.9 -7.7 15

16 Savings institutions 55.8 -13.4 0.3 -3.5 19.6 22.9 16

17 Credit unions -6.8 -13.9 -4.1 14.4 27.9 40.8 17

18 Property-casualty insurance companies 5.8 4.1 3.8 -11.5 1.9 -0.4 18

19 Life insurance companies 11.4 8.8 5.5 -16.7 5.8 4.0 19

20 Private pension funds 16.8 16.6 28.2 21.3 -49.0 -98.1 20

21 State and local govt. retirement funds -0.4 49.4 23.3 6.3 -30.5 -21.7 21

22 Federal government retirement funds 0.0 0.1 0.3 0.0 0.6 0.7 22

23 Money market mutual funds -107.4 -28.7 104.5 520.3 -213.2 -140.1 23

24 Mutual funds 20.8 15.7 66.2 27.3 46.4 152.0 24

25 Government-sponsored enterprises -135.4 -37.1 -11.1 207.0 -27.4 -85.1 25

26 ABS issuers -34.0 20.9 28.6 -27.0 -229.2 -106.9 26

27 REITs -4.0 24.8 23.5 0.7 15.5 38.2 27

28 Brokers and dealers -6.3 37.0 152.2 -47.5 -131.8 38.9 28

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government-sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mae, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total borrowing of the federal government, which is shown in table F.209, line 32.
FFA, 2005-2010, March 8, 2012 37

F.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 193.6 168.3 235.9 95.3 154.5 97.7 1

 2 State and local governments 136.6 97.7 146.2 19.2 110.7 65.3 2

 3 Short-term (1) -1.6 -8.2 16.8 4.7 7.7 -0.6 3

 4 Long-term 138.2 105.9 129.4 14.4 102.9 66.0 4

 5 Nonprofit organizations (2) 14.8 16.3 20.6 8.0 6.0 -2.3 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 42.2 54.3 69.0 68.2 37.8 34.7 6

 7 Net change in assets 193.6 168.3 235.9 95.3 154.5 97.7 7

 8 Household sector 77.3 42.0 44.1 41.3 129.8 61.4 8

 9 Nonfinancial corporate business 0.3 -4.0 1.1 -3.0 0.9 -6.3 9

10 Nonfinancial noncorporate business 0.1 1.3 -0.5 -0.4 0.2 -0.2 10

11 State and local governments 0.2 0.2 0.5 -0.1 0.3 0.4 11

12 Rest of the world 3.0 5.4 10.7 5.9 7.7 13.1 12

13 U.S.-chartered commercial banks 16.7 21.7 12.0 23.2 1.0 28.4 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.2 0.8 0.7 0.5 0.9 -0.9 15

16 Savings institutions 1.5 2.5 -0.1 -3.3 1.5 1.8 16

17 Property-casualty insurance companies 45.4 22.1 36.1 10.6 -12.6 -21.0 17

18 Life insurance companies 2.4 4.1 4.8 5.7 26.1 39.2 18

19 State and local govt. retirement funds -0.2 1.6 -0.8 -1.0 0.0 0.1 19

20 Money market mutual funds 23.0 33.5 100.7 23.6 -93.3 -66.9 20

21 Mutual funds 17.4 32.7 27.8 17.4 90.6 46.4 21

22 Closed-end funds 0.2 0.0 1.9 -13.3 3.2 0.1 22

23 Exchange-traded funds 0.0 0.0 0.6 1.7 3.6 1.7 23

24 Government-sponsored enterprises -4.9 -3.6 -2.8 -2.0 -2.2 -4.2 24

25 Brokers and dealers 10.9 8.0 -0.7 -11.4 -3.3 4.6 25

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
38 FFA, 2005-2010, March 8, 2012

F.212 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues 865.8 1253.6 1228.9 -231.7 -48.7 -103.5 1

 2 Nonfinancial corporate business 56.7 215.6 311.2 204.6 377.2 420.6 2

 3 Rest of the world (1) 64.5 227.8 218.7 -158.8 163.2 72.8 3

 4 Financial sectors 744.6 810.2 699.0 -277.5 -589.2 -596.9 4

 5 U.S.-chartered commercial banks 12.5 27.5 25.1 8.0 -28.3 10.3 5

 6 Bank holding companies 44.2 47.8 94.4 123.0 7.8 -46.5 6

 7 Savings institutions 1.0 2.0 -0.3 -8.0 -0.2 -3.6 7

 8 ABS issuers (net) (3) 582.8 648.5 534.3 -324.3 -474.0 -480.0 8

 9 Finance companies 43.6 42.4 -2.8 -49.6 -87.0 -110.7 9

10 REITs 32.8 13.9 0.7 -60.3 -41.3 -0.1 10

11 Brokers and dealers 0.1 6.4 -4.0 32.3 -4.2 36.9 11

12 Funding corporations 27.6 21.6 51.5 1.4 37.9 -3.2 12

13 Net purchases 865.8 1253.6 1228.9 -231.7 -48.7 -103.5 13

14 Household sector 124.5 207.7 208.3 -213.9 -140.2 -341.5 14

15 State and local governments 5.7 5.0 11.7 -3.1 7.3 9.5 15

16 Federal government 0.0 0.0 0.0 0.0 0.6 0.3 16

17 Rest of the world (2) 328.5 541.0 424.6 -21.8 -126.9 -36.5 17

18 U.S.-chartered commercial banks 47.0 59.1 101.7 -30.4 49.9 -88.2 18

19 Foreign banking offices in U.S. 80.6 29.8 77.0 32.1 -156.7 -11.0 19

20 Bank holding companies -3.7 4.9 19.2 -0.0 -8.4 7.3 20

21 Banks in U.S.-affiliated areas -0.5 -0.4 0.1 0.0 1.5 -1.4 21

22 Savings institutions 21.0 13.2 49.5 -33.7 -24.0 -10.5 22

23 Credit unions -1.5 7.2 3.9 -8.9 -7.0 -15.0 23

24 Property-casualty insurance companies 17.5 14.2 5.9 -15.4 30.8 24.3 24

25 Life insurance companies 74.7 29.7 43.1 -45.5 97.6 102.9 25

26 Private pension funds 22.2 27.7 39.8 42.7 42.8 40.6 26

27 State and local govt. retirement funds 14.5 55.5 13.6 15.9 -4.3 3.8 27

28 Federal government retirement funds -0.0 -0.0 0.1 -0.1 0.1 0.2 28

29 Money market mutual funds 2.2 105.1 8.5 -148.8 -58.1 -15.7 29

30 Mutual funds 65.9 104.3 123.0 69.9 146.2 148.7 30

31 Closed-end funds 1.7 5.7 -1.0 -25.3 5.2 4.1 31

32 Exchange-traded funds 1.9 2.4 6.2 13.9 27.6 18.7 32

33 Government-sponsored enterprises 50.9 16.1 -17.4 -77.7 -33.8 -16.9 33

34 Finance companies -52.5 -18.7 4.5 3.0 6.3 -19.6 34

35 REITs 17.0 11.6 -30.2 -22.8 3.8 5.3 35

36 Brokers and dealers 77.7 39.8 27.3 -259.0 47.5 35.2 36

37 Funding corporations -29.4 -7.1 109.6 497.3 43.6 51.9 37

(1) Net purchases of foreign issues by U.S. residents.

(2) Net purchases of U.S. issues by foreign residents.

(3) Net issuance less net acquisition of corporate bonds held as assets.
FFA, 2005-2010, March 8, 2012 39

F.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net issues -76.7 -368.9 -460.5 263.1 313.4 -8.0 1

 2 Nonfinancial corporate business -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 2

 3 Rest of the world (2) 186.7 137.3 147.8 -38.5 63.6 79.1 3

 4 Financial sectors 78.5 59.5 178.6 637.6 314.3 190.8 4

 5 U.S.-chartered commercial banks 6.2 9.3 4.3 10.4 10.1 11.4 5

 6 Bank holding companies -20.0 -19.8 -28.0 321.4 68.6 19.8 6

 7 Savings institutions 2.2 0.8 3.3 1.7 1.5 0.5 7

 8 Property-casualty insurance companies -2.8 -8.5 -13.2 0.4 -5.3 -12.7 8

 9 Life insurance companies -8.0 -20.0 -30.6 -10.7 -0.9 -4.8 9

10 Closed-end funds 20.6 8.0 17.6 -63.4 5.6 0.1 10

11 Exchange-traded funds 56.7 74.0 150.5 177.2 116.5 117.8 11

12 REITs 16.1 22.2 17.1 12.8 24.2 28.2 12

13 Government-sponsored enterprises 4.2 1.1 25.5 27.6 96.0 38.1 13

14 Brokers and dealers 3.3 -7.6 32.3 120.2 -32.4 -11.1 14

15 Funding corporations (3) 0.0 0.0 0.0 40.0 30.5 3.5 15

16 Net purchases -76.7 -368.9 -460.5 263.1 313.4 -8.0 16

17 Household sector -368.3 -581.5 -845.9 -108.4 88.0 -72.1 17

18 State and local governments -1.7 -7.9 0.7 19.0 15.9 -28.9 18

19 Federal government 0.0 0.0 0.0 256.3 0.6 24.1 19

20 Rest of the world (4) 56.9 96.2 218.5 105.1 157.2 67.3 20

21 Monetary authority 0.0 0.0 0.0 0.0 25.1 1.3 21

22 U.S.-chartered commercial banks 0.1 0.7 1.6 2.4 6.8 -0.5 22

23 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 23

24 Savings institutions -1.0 -1.0 -0.1 -1.5 -0.5 -1.3 24

25 Property-casualty insurance companies -6.1 2.3 0.5 35.1 -2.4 -20.9 25

26 Life insurance companies 65.9 71.4 84.1 81.8 33.4 45.6 26

27 Private pension funds -42.0 -86.5 -188.3 -184.6 -175.6 -111.0 27

28 State and local govt. retirement funds -5.6 -70.0 -6.4 1.2 -17.3 -25.8 28

29 Federal government retirement funds 7.0 6.3 2.7 -8.6 8.8 5.2 29

30 Mutual funds 129.6 131.3 91.3 -38.1 86.3 42.8 30

31 Closed-end funds 18.4 2.0 18.4 -22.3 -4.1 -4.8 31

32 Exchange-traded funds 50.0 68.3 137.2 154.2 70.5 88.2 32

33 Brokers and dealers 20.1 -0.2 25.4 -28.5 -4.6 -18.5 33

34 Funding corporations 0.0 0.0 0.0 0.0 25.1 1.3 34

(1) Excludes mutual fund shares shown on table F.214.

(2) Net purchases of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Preferred shares issued by AIG to the federal goverment under the TARP program and the monetary authority sector’s preferred interest in AIA Aurora LLC and ALICO Holdings LLC.

(4) Net purchases of U.S. issues by foreign residents.

F.214 Mutual Fund Shares (1)

Billions of dollars

 1 Net issues 260.2 336.8 364.7 31.0 490.5 389.3 1

 2 Net purchases 260.2 336.8 364.7 31.0 490.5 389.3 2

 3 Household sector 174.8 166.5 209.1 1.4 299.8 196.9 3

 4 Nonfinancial corporate business 1.5 24.9 0.2 -6.1 40.4 16.8 4

 5 State and local governments -0.5 -2.4 -0.1 13.1 -7.7 -8.5 5

 6 Rest of the world 32.2 45.2 38.2 -2.0 56.5 112.2 6

 7 U.S.-chartered commercial banks -1.8 3.9 3.6 1.3 14.8 -5.8 7

 8 Credit unions -1.0 -0.1 -0.0 -0.0 -0.7 0.2 8

 9 Property-casualty insurance companies 0.3 0.5 -0.5 -0.4 0.1 -0.1 9

10 Life insurance companies -9.9 26.9 31.3 -10.7 0.0 1.0 10

11 Private pension funds 70.0 74.9 88.1 35.5 89.8 80.4 11

12 State and local govt. retirement funds -5.5 -3.4 -5.2 -1.1 -2.5 -3.8 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
40 FFA, 2005-2010, March 8, 2012

F.215 Bank Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 167.8 126.9 335.1 693.7 -774.6 -105.4 1

 2 Nonfinancial sectors 149.0 189.2 264.2 197.7 -307.2 -15.1 2

 3 Household sector 9.7 49.9 13.4 18.0 30.1 76.5 3

 4 Corporate business -33.1 10.2 86.0 55.0 -209.8 -25.6 4

 5 Noncorporate business 157.9 115.3 140.8 119.6 -116.3 -83.9 5

 6 Rest of the world 14.5 13.8 24.1 5.1 -11.2 17.9 6

 7 Foreign official institutions -2.9 -0.7 -0.0 0.7 0.6 1.1 7

 8 Foreign banks 4.7 3.8 8.3 2.8 -5.1 11.8 8

 9 Other foreign 12.7 10.7 15.8 1.6 -6.6 4.9 9

10 Financial sectors 18.8 -62.3 70.9 496.1 -467.5 -90.2 10

11 Savings institutions 5.2 -44.5 13.3 13.0 -29.8 -1.2 11

12 Finance companies 5.2 -12.9 52.8 -7.1 -30.4 -64.9 12

13 REITs 8.4 -5.0 4.8 -0.3 -12.1 -2.2 13

14 Brokers and dealers 0.0 0.0 0.0 45.5 -45.5 0.0 14

15 Funding corporations 0.0 0.0 0.0 444.9 -349.6 -21.9 15

16 Net change in assets 167.8 126.9 335.1 693.7 -774.6 -105.4 16

17 Monetary authority (2) 0.0 0.0 0.0 490.4 -347.6 -44.8 17

18 U.S.-chartered commercial banks 98.7 62.9 233.7 137.9 -298.1 -45.4 18

19 Foreign banking offices in U.S. 60.7 67.1 105.0 65.1 -125.4 -16.1 19

20 Bank holding companies 2.7 -2.9 0.7 2.0 -3.2 4.3 20

21 Banks in U.S.-affiliated areas 5.6 -0.3 -4.2 -1.7 -0.3 -3.3 21

(1) Excludes bank lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table F.109.
FFA, 2005-2010, March 8, 2012 41

F.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total other loans and advances 159.1 173.6 533.6 106.7 -436.5 -229.8 1

 2 U.S. government loans -7.0 0.6 -2.2 6.1 66.1 3.6 2

 3 Liab.: Household sector -0.7 1.4 -0.4 0.3 -0.2 -1.0 3

 4 Nonfinancial corporate business 0.8 1.2 -0.2 4.4 59.6 -4.3 4

 5 Nonfinancial noncorporate business -3.1 4.7 1.1 2.1 3.6 0.6 5

 6 State and local governments 0.6 0.6 0.7 0.8 0.8 0.9 6

 7 Rest of the world -4.6 -7.4 -3.3 -1.5 0.3 0.2 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 0.0 0.0 2.0 7.2 10

11 Foreign loans to U.S. corporate business 31.3 6.2 102.7 -64.1 -24.9 -22.0 11

12 Liab.: Nonfinancial corporate business 31.3 6.2 102.7 -64.1 -24.9 -22.0 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered commercial banks -0.0 0.0 0.0 0.0 0.0 0.0 13

14 Foreign banking offices in U.S. 0.1 -0.3 0.0 -0.2 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 0.0 -0.3 -0.1 -0.2 0.0 0.0 15

16 Rest of the world -0.0 -0.1 0.1 0.0 0.0 0.0 16

17 Savings institution loans to business 3.9 6.0 6.2 6.4 -14.5 6.4 17

18 Liab.: Nonfinancial corporate business 1.9 3.0 3.1 3.2 -7.2 3.2 18

19 Nonfinancial noncorporate business 1.9 3.0 3.1 3.2 -7.2 3.2 19

20 Credit unions loans to business 1.0 0.9 0.0 2.7 2.7 0.8 20

21 Liab.: Nonfinancial corporate business 0.5 0.4 0.0 1.4 1.4 0.4 21

22 Nonfinancial noncorporate business 0.5 0.4 0.0 1.4 1.4 0.4 22

23 Policy loans (Household liability) 0.8 3.3 3.6 5.9 0.7 3.4 23

24 Asset: Federal government -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 24

25 Life insurance companies 0.8 3.4 3.6 5.9 0.7 3.4 25

26 Govt.-sponsored enterprises loans (1) 52.4 33.1 237.7 38.1 -284.8 -144.7 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Nonfinancial corporate business (FCS) 1.4 1.7 1.9 -3.8 -0.4 1.6 28

29 Nonfinancial noncorporate business (FCS) 6.7 10.2 10.1 8.5 0.2 5.6 29

30 U.S.-chartered coml. banks (FHLB & SLMA) 24.4 80.0 106.7 71.0 -124.2 -124.1 30

31 Savings institutions (FHLB & SLMA) 16.2 -65.7 91.1 -72.2 -139.6 -24.2 31

32 Credit unions (FHLB) 3.3 4.2 13.4 8.3 -14.1 -0.4 32

33 Life insurance companies (FHLB) 0.4 2.7 14.5 26.2 -6.6 -3.2 33

34 Securitized loans held by ABS issuers -17.6 3.8 -4.0 -15.6 -23.7 -5.0 34

35 Liab.: Nonfinancial corporate business -17.6 3.8 -4.0 -15.6 -23.7 -5.0 35

36 Finance company loans to business 27.6 18.9 24.9 16.9 -91.0 -19.0 36

37 Liab.: Nonfinancial corporate business 24.9 17.0 22.4 15.2 -81.9 -17.1 37

38 Nonfinancial noncorporate business 2.8 1.9 2.5 1.7 -9.1 -1.9 38

39 Loans to nonfinancial corporate business (2) 66.6 101.1 164.6 110.5 -67.1 -53.3 39

40 Asset: Household sector 2.7 0.4 8.5 12.2 -5.3 -0.6 40

41 Life insurance companies 4.2 6.5 9.6 14.3 -13.3 -3.7 41

42 Mutual funds 10.5 9.8 36.1 12.4 1.3 -0.8 42

43 ABS issuers 37.8 61.2 92.6 53.4 -27.4 -34.0 43

44 Brokers and dealers 7.7 19.8 11.1 3.1 -12.7 -12.7 44

45 Funding corporations 3.6 3.4 6.7 15.1 -9.8 -1.5 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.
42 FFA, 2005-2010, March 8, 2012

F.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in mortgages 1435.2 1383.8 1058.2 90.8 -281.6 -514.3 1

 2 Home 1117.5 1070.2 714.0 -111.3 -199.2 -343.3 2

 3 Multifamily residential 60.7 37.3 82.1 48.6 9.3 -9.4 3

 4 Commercial 247.9 273.0 257.4 131.5 -88.4 -166.5 4

 5 Farm 9.1 3.3 4.6 22.0 -3.4 4.9 5

 6 Net borrowing 1435.2 1383.8 1058.2 90.8 -281.6 -514.3 6

 7 Household sector 1050.1 1005.7 690.5 -57.2 -152.2 -311.8 7

 8 Nonfinancial business 371.0 371.5 363.0 141.2 -132.8 -202.7 8

 9 Corporate 193.6 88.4 55.9 -45.7 -120.2 -72.8 9

10 Noncorporate 177.5 283.2 307.1 186.9 -12.6 -129.9 10

11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 14.1 6.6 4.7 6.8 3.4 0.2 12

13 Net change in assets 1435.2 1383.8 1058.2 90.8 -281.6 -514.3 13

14 Household sector 8.1 -17.2 -12.4 1.4 -9.7 -11.3 14

15 Nonfinancial corporate business 1.7 -8.4 -18.4 -7.7 -4.1 -4.1 15

16 Nonfinancial noncorporate business 5.3 -1.5 7.4 -3.0 -1.2 -1.5 16

17 State and local governments 6.8 6.0 13.3 -4.0 8.6 4.2 17

18 Federal government 2.4 3.7 2.1 13.5 12.6 -1.8 18

19 U.S.-chartered commercial banks 354.8 436.8 225.7 190.0 -16.1 -186.5 19

20 Foreign banking offices in U.S. 4.0 4.1 14.1 5.2 -6.4 -2.5 20

21 Banks in U.S.-affiliated areas 3.6 4.1 1.6 1.8 -0.3 -6.5 21

22 Savings institutions (1) 95.3 -77.2 17.2 -233.4 -227.3 -18.5 22

23 Credit unions 31.3 30.1 31.8 33.2 3.2 2.8 23

24 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 24

25 Life insurance companies 12.1 18.3 22.4 16.3 -16.3 -8.6 25

26 Private pension funds -0.2 -0.3 0.7 0.9 2.6 1.3 26

27 State and local govt. retirement funds 1.3 -2.0 -4.7 -0.3 -0.1 0.1 27

28 Government-sponsored enterprises (1) -40.2 18.4 35.9 62.2 2.4 -110.8 28

29 Agency- and GSE-backed mortgage pools 164.5 292.6 623.3 497.0 415.3 186.9 29

30 ABS issuers 690.3 633.0 172.7 -351.6 -365.7 -294.1 30

31 Finance companies 65.4 53.0 -62.5 -84.0 -50.5 -56.9 31

32 REITs 28.3 -10.4 -13.2 -46.9 -28.0 -6.3 32

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 2005-2010, March 8, 2012 43

F.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net borrowing 1117.5 1070.2 714.0 -111.3 -199.2 -343.3 1

 2 Household sector 1042.3 987.8 677.2 -54.2 -145.3 -299.2 2

 3 Nonfinancial corporate business 7.6 8.2 2.9 -10.2 -12.4 -6.8 3

 4 Nonfinancial noncorporate business 67.6 74.2 33.9 -46.9 -41.5 -37.3 4

 5 Net change in assets 1117.5 1070.2 714.0 -111.3 -199.2 -343.3 5

 6 Household sector 5.0 -15.0 -12.1 0.4 -8.0 -8.0 6

 7 Nonfinancial corporate business 1.0 -5.1 -10.9 -4.8 -2.5 -2.5 7

 8 Nonfinancial noncorporate business 1.9 -0.6 2.7 -1.1 -0.4 -0.6 8

 9 State and local governments 3.5 3.1 7.1 -1.9 4.4 1.6 9

10 Federal government -0.4 0.2 0.3 2.7 5.7 1.8 10

11 U.S.-chartered commercial banks 209.7 289.2 124.1 28.3 20.7 -81.3 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 -1.5 -6.0 0.1 12

13 Banks in U.S.-affiliated areas 0.7 0.9 4.3 1.4 -0.3 -2.5 13

14 Savings institutions 79.6 -86.0 11.1 -212.6 -217.7 -18.2 14

15 Credit unions 31.3 30.1 31.8 33.2 3.2 2.8 15

16 Life insurance companies -0.6 2.9 -0.9 -0.8 -2.2 -0.2 16

17 Private pension funds -0.0 -0.1 -0.1 0.1 0.7 -0.1 17

18 State and local govt. retirement funds 0.5 -0.7 -1.7 -0.1 -0.0 0.0 18

19 Government-sponsored enterprises -54.7 3.7 -9.7 8.8 -11.3 -117.3 19

20 Agency- and GSE-backed mortgage pools 169.0 302.8 622.6 492.2 402.5 175.8 20

21 ABS issuers 578.4 520.3 34.2 -311.9 -318.5 -240.4 21

22 Finance companies 67.8 48.3 -65.4 -97.3 -47.8 -50.8 22

23 REITs 24.8 -23.8 -23.5 -46.4 -21.7 -3.7 23

 Memo:

24 Home equity loans included above (2) 140.9 150.2 65.1 -18.0 -82.3 -90.6 24

25 U.S.-chartered commercial banks 65.5 104.6 38.6 83.0 -13.8 -60.3 25

26 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.4 -0.6 0.0 26

27 Savings institutions 30.4 -14.1 42.9 -61.0 -39.5 -6.0 27

28 Credit unions 12.0 11.0 7.2 4.6 -4.1 -6.4 28

29 ABS issuers 18.7 39.0 -10.6 -24.7 -14.8 -8.6 29

30 Finance companies 14.3 9.7 -13.1 -19.5 -9.6 -9.4 30

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

F.219 Multifamily Residential Mortgages

Billions of dollars

 1 Net borrowing 60.7 37.3 82.1 48.6 9.3 -9.4 1

 2 Nonfinancial corporate business 3.0 1.8 4.2 2.3 0.4 -0.5 2

 3 Nonfinancial noncorporate business 57.8 35.1 80.2 43.9 7.2 -9.7 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs -0.1 0.3 -2.3 2.3 1.8 0.8 5

 6 Net change in assets 60.7 37.3 82.1 48.6 9.3 -9.4 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 0.0 -0.1 -0.3 -0.1 -0.1 -0.1 8

 9 Nonfinancial noncorporate business 1.9 -0.5 2.6 -1.0 -0.4 -0.5 9

10 State and local governments 2.7 2.4 5.6 -1.5 3.5 1.7 10

11 Federal government -0.0 -0.2 -0.3 0.1 0.1 -0.3 11

12 U.S.-chartered commercial banks 20.0 18.9 10.9 42.4 -3.7 -13.6 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 -0.2 -0.4 -0.5 13

14 Savings institutions 10.8 -2.6 -3.1 -27.5 -5.3 1.4 14

15 Life insurance companies 2.0 3.6 5.8 -0.1 -3.2 -1.3 15

16 Private pension funds -0.0 -0.1 0.1 0.3 0.3 0.4 16

17 State and local govt. retirement funds 0.4 -0.6 -1.4 -0.1 -0.0 0.0 17

18 Government-sponsored enterprises 10.5 12.4 42.3 42.5 14.2 2.0 18

19 Agency- and GSE-backed mortgage pools -4.5 -12.5 -0.7 4.6 13.0 11.3 19

20 ABS issuers 16.6 14.0 20.6 -10.8 -5.8 -8.7 20

21 Finance companies 0.0 -0.5 -0.1 0.8 -0.7 -1.0 21

22 REITs 0.3 3.1 0.2 -0.9 -2.0 -0.4 22
44 FFA, 2005-2010, March 8, 2012

F.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net borrowing 247.9 273.0 257.4 131.5 -88.4 -166.5 1

 2 Household sector 7.8 17.9 13.3 -3.0 -6.9 -12.6 2

 3 Nonfinancial corporate business 180.4 76.9 47.0 -43.8 -108.9 -67.9 3

 4 Nonfinancial noncorporate business 45.5 172.0 190.2 173.9 25.8 -85.4 4

 5 REITs 14.2 6.3 7.0 4.5 1.6 -0.6 5

 6 Net change in assets 247.9 273.0 257.4 131.5 -88.4 -166.5 6

 7 Household sector 1.9 2.2 2.1 0.9 -0.7 -2.5 7

 8 Nonfinancial corporate business 0.6 -3.2 -7.3 -2.8 -1.6 -1.6 8

 9 Nonfinancial noncorporate business 1.4 -0.4 2.0 -0.8 -0.3 -0.4 9

10 State and local governments 0.5 0.5 1.1 -0.3 0.7 0.9 10

11 Federal government 2.8 3.7 2.1 10.4 6.4 -3.7 11

12 U.S.-chartered commercial banks 121.8 126.5 89.0 110.7 -32.5 -93.4 12

13 Foreign banking offices in U.S. 4.0 4.1 14.1 6.8 0.1 -2.1 13

14 Banks in U.S.-affiliated areas 2.9 3.2 -2.7 0.4 -0.0 -4.0 14

15 Savings institutions 4.9 11.3 9.1 6.7 -4.2 -1.7 15

16 Property-casualty insurance companies 0.3 0.7 1.3 0.2 -0.5 -0.3 16

17 Life insurance companies 10.2 11.1 16.8 14.9 -9.4 -6.4 17

18 Private pension funds -0.1 -0.2 0.7 0.5 1.5 1.0 18

19 State and local govt. retirement funds 0.5 -0.7 -1.6 -0.1 -0.0 0.0 19

20 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 20

21 ABS issuers 95.3 98.7 117.8 -28.9 -41.4 -45.1 21

22 Finance companies -2.4 5.2 2.9 12.6 -2.0 -5.1 22

23 REITs 3.2 10.3 10.1 0.4 -4.3 -2.3 23

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 9.1 3.3 4.6 22.0 -3.4 4.9 1

 2 Nonfinancial corporate business 2.6 1.4 1.8 6.0 0.7 2.4 2

 3 Nonfinancial noncorporate business 6.6 1.9 2.8 16.0 -4.1 2.5 3

 4 Net change in assets 9.1 3.3 4.6 22.0 -3.4 4.9 4

 5 Household sector 1.2 -4.4 -2.4 0.1 -0.9 -0.8 5

 6 Nonfinancial noncorporate business 0.1 -0.0 0.1 -0.1 -0.0 -0.0 6

 7 State and local governments 0.1 0.1 -0.5 -0.3 0.0 0.0 7

 8 Federal government -0.0 -0.0 0.1 0.2 0.4 0.4 8

 9 U.S.-chartered commercial banks 3.3 2.2 1.7 8.7 -0.5 1.8 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 -0.0 0.0 10

11 Savings institutions 0.0 0.1 0.1 0.0 -0.0 0.0 11

12 Life insurance companies 0.6 0.7 0.7 2.2 -1.5 -0.7 12

13 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Government-sponsored enterprises 4.0 2.2 3.3 10.9 -0.5 4.6 14

15 Agency- and GSE-backed mortgage pools -0.1 2.3 1.4 0.1 -0.2 -0.2 15

(1) Excludes mortgages on farm houses.
FFA, 2005-2010, March 8, 2012 45

F.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities (Households) 100.4 95.4 139.3 38.8 -115.3 -44.2 1

 2 Net change in assets 100.4 95.4 139.3 38.8 -115.3 -44.2 2

 3 Nonfinancial corporate business 0.4 -2.0 1.0 1.2 -2.6 7.5 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 3.7 1.9 6.7 12.6 75.0 130.4 5

 6 U.S.-chartered commercial banks 2.8 34.2 62.9 74.5 -50.6 -73.7 6

 7 Savings institutions 17.8 -13.5 -4.8 -4.5 -8.8 5.3 7

 8 Credit unions 13.2 5.9 1.2 0.5 1.0 -10.7 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 38.4 51.2 22.6 -37.3 -41.3 -56.8 10

11 Finance companies 24.2 17.8 49.7 -8.3 -88.0 -46.2 11

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 340.8 189.1 202.0 -170.0 -23.8 198.8 1

 2 Household sector 13.0 13.6 14.6 22.2 16.0 21.4 2

 3 Nonfinancial corporate business 199.0 109.0 85.1 -225.2 -85.3 161.1 3

 4 Nonfinancial noncorporate business 49.7 14.4 26.0 5.8 7.6 -20.0 4

 5 State and local governments 32.1 34.4 37.0 39.2 37.7 38.4 5

 6 Federal government 33.7 6.2 29.3 22.6 -56.2 22.1 6

 7 Rest of the world 6.3 6.2 12.4 -9.9 7.4 27.8 7

 8 Brokers and dealers 7.0 5.2 -2.4 -24.7 48.9 -52.0 8

 9 Net change in trade receivables 367.4 35.0 255.0 -182.8 -101.2 131.3 9

10 Nonfinancial corporate business 277.6 -18.3 163.1 -172.0 -30.6 130.6 10

11 Nonfinancial noncorporate business 66.6 40.0 54.7 -3.0 -26.3 -20.3 11

12 State and local governments 6.5 5.7 13.3 -3.6 8.2 10.8 12

13 Federal government 9.2 -11.6 1.2 4.2 -21.1 -0.7 13

14 Rest of the world 7.9 5.9 20.8 6.5 6.6 19.4 14

15 Property-casualty insurance companies 2.4 4.9 -1.6 1.3 -3.7 0.8 15

16 ABS issuers -2.8 8.5 3.4 -16.1 -34.3 -9.5 16

17 Discrepancy -26.6 154.0 -53.0 12.8 77.4 67.5 17

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 0.2 211.5 276.5 -397.9 -95.9 123.6 1

 2 Household sector -31.6 59.7 33.4 -160.7 38.1 75.2 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 31.8 151.8 243.0 -237.3 -134.0 48.4 4

 5 Customer credit balances (HH) -3.0 80.4 210.8 -123.8 -74.1 25.7 5

 6 From U.S.-chartered commercial banks -6.6 20.9 29.3 12.8 -59.2 -5.8 6

 7 From foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 7

 8 Net change in assets 0.2 211.5 276.5 -397.9 -95.9 123.6 8

 9 Household sector -3.0 80.4 210.8 -123.8 -74.1 25.7 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks -6.6 20.9 29.3 12.8 -59.2 -5.8 11

12 Foreign banking offices in U.S. 41.4 50.6 3.0 -126.3 -0.8 28.5 12

13 Brokers and dealers -31.6 59.7 33.4 -160.7 38.1 75.2 13
46 FFA, 2005-2010, March 8, 2012

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Life insurance reserves:

 1 Net change in liabilities 16.1 65.6 34.2 67.0 26.5 17.2 1

 2 Federal government 1.1 1.5 1.2 1.0 1.1 0.9 2

 3 Life insurance companies 14.9 64.1 33.0 66.0 25.4 16.4 3

 4 Net change in assets 16.1 65.6 34.2 67.0 26.5 17.2 4

 5 Households 16.1 57.8 18.0 61.7 23.7 9.0 5

 6 U.S.-chartered commercial banks 0.0 8.2 10.9 6.4 0.8 4.5 6

 7 Bank holding companies 0.0 -0.4 5.3 -1.2 2.1 3.8 7

 Pension fund reserves:

 8 Net change in liabilities 275.7 250.9 201.1 125.7 135.4 208.9 8

 9 Life insurance companies 142.1 100.5 118.6 65.5 25.1 104.2 9

10 Private pension funds (1) 72.9 53.9 32.3 -36.4 60.1 61.2 10

11 State and local govt. retirement funds 6.0 46.1 2.3 17.7 -28.0 -38.5 11

12 Federal government retirement funds (2) 54.7 50.4 47.8 78.9 78.2 81.9 12

13 Net change in assets (Households) (3) 275.7 250.9 201.1 125.7 135.4 208.9 13

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table F.225.i), except those at life insurance companies.

F.226 Taxes Payable by Businesses

Billions of dollars

 1 Net change in taxes payable by all -4.7 22.5 -69.3 -123.8 -3.4 11.2 1

 businesses

 2 Nonfinancial corporate business -1.8 -0.8 -49.6 3.1 -3.3 3.4 2

 3 Nonfinancial noncorporate business 8.7 9.0 3.8 6.7 -6.3 -5.2 3

 4 U.S.-chartered commercial banks -7.9 -1.1 -13.6 -85.7 7.1 6.9 4

 5 Savings institutions 0.1 -0.4 -2.0 -0.3 0.3 -0.3 5

 6 Property-casualty insurance companies -3.1 11.0 -2.4 -28.1 5.3 5.6 6

 7 Life insurance companies -2.6 4.0 -3.4 -19.7 -7.0 2.6 7

 8 Finance companies 1.9 0.0 -1.5 -0.1 -2.8 0.3 8

 9 Brokers and dealers -0.1 0.7 -0.6 0.3 3.2 -2.1 9

10 Net change in business taxes receivable 40.7 5.0 -32.7 -59.8 38.2 69.3 10

11 State and local governments 15.4 11.4 2.7 2.2 -4.8 6.7 11

12 Federal government 25.3 -6.3 -35.5 -61.9 43.0 62.5 12

13 Discrepancy -45.4 17.5 -36.5 -64.0 -41.6 -58.0 13

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment 3.2 57.2 15.3 -288.5 -13.2 49.7 1

 2 Nonfinancial noncorporate business 4.4 64.0 12.8 -300.0 -9.6 49.3 2

 3 Brokers and dealers -1.2 -6.8 2.4 11.5 -3.6 0.4 3
FFA, 2005-2010, March 8, 2012 47

F.228 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 1246.6 1753.5 2447.3 2050.5 -461.3 1066.7 1

 2 Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 2

 3 Nonfinancial corporate business 748.6 771.7 1208.6 556.2 30.7 373.5 3

 4 Nonfinancial noncorporate business 142.8 144.8 94.2 114.1 33.1 31.6 4

 5 Federal government 68.0 59.4 76.6 89.5 81.4 90.6 5

 6 Rest of the world 24.9 467.0 488.6 428.9 -292.9 559.8 6

 7 Monetary authority 2.8 3.2 2.5 2.2 6.1 29.2 7

 8 U.S.-chartered commercial banks -26.8 -6.4 8.6 -6.7 255.5 121.5 8

 9 Foreign banking offices in U.S. 54.6 -109.0 144.8 549.5 -418.2 7.5 9

10 Bank holding companies 12.8 80.6 -3.4 -180.7 -48.0 -97.9 10

11 Banks in U.S.-affiliated areas -0.3 -4.4 -11.6 -4.5 3.3 -5.0 11

12 Savings institutions 27.3 19.7 22.2 -30.1 -50.5 -1.6 12

13 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.4 13

14 Property-casualty insurance companies 52.2 39.7 25.8 40.2 1.9 8.7 14

15 Life insurance companies 19.5 50.9 67.6 46.8 -4.6 55.1 15

16 Government-sponsored enterprises -1.9 11.6 17.7 37.1 62.2 -68.1 16

17 Finance companies 28.2 13.7 -6.9 10.4 -91.2 -11.8 17

18 REITs 4.5 7.7 4.6 -2.7 -13.8 14.9 18

19 Brokers and dealers 26.2 97.8 46.2 -70.7 19.8 39.5 19

20 Funding corporations 59.6 107.7 265.9 466.7 -45.9 -74.6 20

21 Net change in assets 1381.7 2431.1 2421.5 91.3 -112.6 727.6 21

22 Household sector 58.0 37.4 66.1 55.1 21.1 44.4 22

23 Nonfinancial corporate business 442.8 720.7 933.4 -357.5 104.0 493.9 23

24 Nonfinancial noncorporate business 256.6 381.8 330.8 107.5 -81.7 -81.6 24

25 State and local governments -52.9 -4.5 -34.3 -23.2 -12.2 -3.0 25

26 Federal government -0.3 3.1 1.9 -28.0 35.4 -3.5 26

27 Rest of the world 167.5 694.5 606.5 -324.9 255.7 510.3 27

28 Monetary authority -3.2 0.1 25.8 530.2 -493.8 7.8 28

29 U.S.-chartered commercial banks 95.0 15.7 28.2 128.4 27.3 -72.0 29

30 Foreign banking offices in U.S. -32.2 -143.9 14.7 364.3 -115.9 4.9 30

31 Bank holding companies 99.0 197.2 93.9 183.2 55.1 -64.0 31

32 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 32

33 Savings institutions -58.8 -4.5 6.2 -25.4 -6.2 -8.0 33

34 Credit unions -0.3 0.8 11.0 8.4 6.4 -8.7 34

35 Property-casualty insurance companies 10.8 3.1 17.6 6.8 16.7 0.4 35

36 Life insurance companies 23.4 41.3 39.5 37.2 -22.5 2.8 36

37 Private pension funds -10.4 1.3 17.5 11.3 21.6 -32.9 37

38 State and local govt. retirement funds -0.6 1.0 -0.6 -0.0 0.5 0.7 38

39 Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 39

40 Money market mutual funds -10.0 15.9 31.8 -43.1 11.3 7.7 40

41 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 41

42 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 42

43 Finance companies 52.2 -30.2 1.7 11.8 31.9 -15.9 43

44 REITs 11.6 7.8 -4.4 -0.8 -8.5 7.4 44

45 Brokers and dealers 217.7 425.1 47.3 -615.1 54.9 -104.2 45

46 Funding corporations 67.9 31.1 117.6 42.1 -67.2 -46.5 46

47 Discrepancy -135.1 -677.6 25.8 1959.2 -348.7 339.2 47
48 FFA, 2005-2010, March 8, 2012

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 36.2 244.9 414.0 329.1 303.6 351.4 1

 2 Equity 61.9 49.0 200.9 127.0 24.5 47.7 2

 3 Reinvested earnings -10.3 217.3 230.5 233.1 237.7 320.5 3

 4 Intercompany accounts -15.4 -21.4 -17.3 -31.1 41.4 -16.9 4

 5 Asset: Nonfinancial corporate business 24.7 219.2 307.0 262.6 279.8 322.1 5

 6 U.S.-chartered commercial banks 0.5 -1.7 32.8 17.6 -10.8 -1.1 6

 7 Property-casualty insurance companies 10.8 3.1 17.6 6.8 16.7 0.4 7

 8 Life insurance companies 1.4 0.8 5.8 4.6 2.1 3.0 8

 9 Finance companies 4.5 8.0 26.4 24.2 8.6 12.5 9

10 Brokers and dealers -5.7 15.6 24.4 13.3 7.2 14.5 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 98.7 191.0 211.6 189.5 112.0 186.2 11

12 Nonfinancial noncorporate business 0.1 0.2 0.3 -0.2 0.5 -0.0 12

13 Foreign banking offices in U.S. 9.4 13.8 -0.8 24.8 15.3 7.5 13

14 Property-casualty insurance companies -0.1 23.1 7.1 14.9 7.0 2.3 14

15 Life insurance companies 0.4 14.4 -1.0 12.5 7.7 6.8 15

16 Finance companies 6.3 5.2 -5.6 12.2 12.1 2.4 16

17 Brokers and dealers -2.6 -5.1 9.0 55.8 3.5 30.5 17

18 Funding corporations 0.6 0.6 0.6 0.6 0.6 0.6 18

19 Asset: Rest of the world 112.6 243.2 221.2 310.1 158.6 236.2 19

20 Equity 70.7 115.0 142.3 255.7 134.3 114.7 20

21 Reinvested earnings 41.7 69.1 48.2 39.1 13.5 93.7 21

22 Intercompany accounts 0.2 59.0 30.7 15.2 10.8 27.8 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 1.3 2.0 1.7 1.4 1.7 2.3 23

24 Asset: Federal government 1.3 2.0 1.7 1.4 1.7 2.3 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 1.6 1.8 3.1 2.6 4.6 0.9 25

26 Asset: U.S.-chartered commercial banks 1.6 1.8 3.1 2.6 4.6 0.9 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 1.9 0.2 9.1 -4.2 0.0 -2.7 27

28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.1 0.1 -0.1 0.0 0.1 28

29 Nonfinancial noncorporate (FCS) -0.1 0.2 0.7 1.2 -0.0 0.4 29

30 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 30

31 U.S.-chartered commercial banks (FHLB) 0.8 2.7 3.8 -1.0 -0.9 -1.8 31

32 Savings institutions (FHLB) 1.1 -2.9 3.3 -5.4 1.6 -1.2 32

33 Credit unions (FHLB) 0.1 0.2 0.6 0.3 -0.4 -0.2 33

34 Life insurance companies (FHLB) -0.1 0.0 0.6 1.0 -0.3 -0.0 34

 BHC investment in subsidiaries:

35 Liab.: U.S.-chartered commercial banks 40.0 114.1 130.7 46.6 106.9 -46.7 35

36 Savings institutions 3.7 0.6 0.2 2.5 10.6 -1.0 36

37 Life insurance companies 9.7 2.7 5.3 -12.5 9.3 22.2 37

38 Finance companies -38.9 3.2 41.5 -7.3 -23.3 -36.2 38

39 Brokers and dealers 68.2 39.8 -110.0 59.4 -87.9 -0.7 39

40 Asset: Bank holding companies 82.7 160.4 67.8 88.7 15.5 -62.3 40

 NFC investment in finance company subs.:

41 Liab.: Finance companies 64.4 22.9 -54.8 -1.1 -9.3 20.3 41

42 Asset: Nonfinancial corporate business 64.4 22.9 -54.8 -1.1 -9.3 20.3 42

 Funding corp. investment in subs.:

43 Liab.: Foreign banking offices in U.S. 21.0 8.6 43.7 35.6 -73.5 -31.5 43

44 Brokers and dealers 46.9 22.6 73.9 6.4 6.3 -15.0 44

45 Asset: Funding corporations 67.9 31.1 117.6 42.1 -67.2 -46.5 45

 Equity investment under Public-Private Inv. Program:

46 Liab.: Funding corporations 0.0 0.0 0.0 0.0 2.4 7.9 46

47 Asset: Households (2) 0.0 0.0 0.0 0.0 1.2 4.0 47

48 Federal government 0.0 0.0 0.0 0.0 1.2 4.0 48

(1) Direct investment is valued on a current-cost basis. Excludes capital gains and losses. Components of direct investment--equity, reinvested earnings, intercompany accounts--

 are not available before 1982.

(2) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
FFA, 2005-2010, March 8, 2012 49

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world -2.2 -0.0 23.9 529.8 -543.3 -10.1 1

 2 Asset: Federal government -2.2 -0.0 -0.1 0.0 0.2 0.1 2

 3 Monetary authority (1) 0.0 0.0 24.0 529.7 -543.5 -10.2 3

 Postal Savings System deposits:

 4 Liab.: Federal government 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 0.8 -0.2 1.9 -5.4 0.4 -1.5 6

 7 Asset: Savings institutions 0.8 -0.2 1.9 -5.4 0.4 -1.5 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 1.0 0.5 1.0 3.2 -4.9 2.7 8

 9 Asset: Life insurance companies 1.0 0.5 1.0 3.2 -4.9 2.7 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 9.5 14.8 15.5 17.6 8.4 14.8 10

11 Accident and health 7.9 11.5 13.5 19.5 9.7 14.7 11

12 Policy dividend accumulation 1.0 0.8 0.2 -3.4 -1.1 0.4 12

13 Contract claims 0.6 2.5 1.8 1.5 -0.1 -0.4 13

14 Asset: Household sector 9.5 14.8 15.5 17.6 8.4 14.8 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 52.3 16.6 18.7 25.4 -5.0 6.3 15

16 Asset: Household sector 25.6 4.6 6.7 11.0 -5.1 3.2 16

17 Nonfinancial corporate business 21.2 7.6 8.3 10.9 -0.9 3.0 17

18 Nonfinancial noncorporate business 5.5 4.4 3.7 3.4 1.0 0.1 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies -1.4 -1.5 26.3 38.2 10.1 -4.4 19

20 Asset: Private pension funds -1.4 -1.5 26.3 38.2 10.1 -4.4 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business -1.9 -2.0 4.4 0.7 2.5 -1.3 21

22 Asset: Private pension funds -1.9 -2.0 4.4 0.7 2.5 -1.3 22

 Securities borrowed (net):

23 Liab.: Funding corporations 174.9 302.6 -2.1 -353.2 -30.2 -123.5 23

24 Asset: Brokers and dealers 174.9 302.6 -2.1 -353.2 -30.2 -123.5 24

 Nonmarketable government securities:

25 Liab.: Federal government 40.0 35.8 33.3 63.3 61.9 65.7 25

26 Asset: Federal government retirement funds 40.0 35.8 33.3 63.3 61.9 65.7 26

 Retiree health care funds (2):

27 Liab.: Federal government 23.0 18.1 43.9 26.5 16.6 22.5 27

28 Asset: Household sector 23.0 18.1 43.9 26.5 16.6 22.5 28

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
50 FFA, 2005-2010, March 8, 2012

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 581.9 662.4 1500.8 935.9 -387.7 588.2 1

 2 Nonfinancial corporate business 651.8 582.7 992.6 366.0 -83.8 188.6 2

 3 Nonfinancial noncorporate business 142.7 144.6 93.9 114.3 32.6 31.6 3

 4 Federal government 5.0 5.6 -0.6 -0.3 2.9 2.4 4

 5 Rest of the world -10.4 220.1 49.0 -431.3 -54.8 216.2 5

 6 Monetary authority 1.1 1.4 -0.7 -0.5 1.5 28.3 6

 7 U.S.-chartered commercial banks -66.8 -120.5 -122.2 -53.3 148.6 168.2 7

 8 Foreign banking offices in U.S. 24.2 -131.3 101.9 489.1 -360.0 31.5 8

 9 Bank holding companies 12.8 80.6 -3.4 -180.7 -48.0 -97.9 9

10 Banks in U.S.-affiliated areas -0.3 -4.4 -11.6 -4.5 3.3 -5.0 10

11 Savings institutions 23.6 19.1 22.0 -32.6 -61.1 -0.6 11

12 Credit unions 2.6 -2.7 -5.6 1.1 14.7 -8.4 12

13 Life insurance companies 1.4 20.5 21.4 -9.0 -40.1 15.7 13

14 Government-sponsored enterprises -4.6 11.6 6.7 46.7 61.8 -63.9 14

15 Finance companies -3.7 -17.8 12.0 6.5 -70.7 1.6 15

16 REITs 4.5 7.7 4.6 -2.7 -13.8 14.9 16

17 Brokers and dealers -86.2 40.6 73.4 -192.2 97.9 24.7 17

18 Funding corporations -115.9 -195.5 267.3 819.4 -18.7 40.4 18

19 Net change in assets 717.0 1340.0 1475.0 -1023.3 -39.0 249.0 19

20 Nonfinancial corporate business 332.4 470.9 672.7 -629.9 -165.7 148.4 20

21 Nonfinancial noncorporate business 251.2 377.2 326.4 102.9 -82.7 -82.1 21

22 State and local governments -52.9 -4.5 -34.3 -23.2 -12.2 -3.0 22

23 Federal government 0.6 1.0 0.4 -29.4 32.3 -9.8 23

24 Rest of the world 54.9 451.4 385.4 -635.0 97.1 274.0 24

25 Monetary authority -3.2 0.1 1.8 0.5 49.6 18.0 25

26 U.S.-chartered commercial banks 92.0 12.9 -11.5 109.2 34.4 -69.9 26

27 Foreign banking offices in U.S. -32.2 -143.9 14.7 364.3 -115.9 4.9 27

28 Bank holding companies 16.2 36.8 26.2 94.5 39.6 -1.6 28

29 Banks in U.S.-affiliated areas 0.1 0.6 6.1 -1.0 -4.5 4.5 29

30 Savings institutions -60.6 -1.4 1.0 -14.6 -8.2 -5.3 30

31 Credit unions -0.5 0.6 10.4 8.1 6.8 -8.5 31

32 Life insurance companies 21.1 40.0 32.1 28.5 -19.3 -2.9 32

33 Private pension funds -7.1 4.8 -13.2 -27.6 9.0 -27.2 33

34 State and local govt. retirement funds -0.6 1.0 -0.6 -0.0 0.5 0.7 34

35 Money market mutual funds -10.0 15.9 31.8 -43.1 11.3 7.7 35

36 Mutual funds 3.7 3.3 2.8 3.2 -5.1 -12.0 36

37 Government-sponsored enterprises 4.0 -3.2 27.0 -42.6 1.2 29.3 37

38 Finance companies 47.7 -38.2 -24.7 -12.4 23.3 -28.4 38

39 REITs 11.6 7.8 -4.4 -0.8 -8.5 7.4 39

40 Brokers and dealers 48.5 106.9 24.9 -275.1 78.0 4.7 40

41 Discrepancy -135.1 -677.6 25.8 1959.2 -348.7 339.2 41
FFA, 2005-2010, March 8, 2012 51

F.11 Sector Discrepancies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 All sectors -7.4 143.6 -83.5 983.1 21.6 253.3 1

 2 Household sector -5.0 181.7 -230.4 -104.4 91.5 -203.1 2

 3 Nonfinancial corporate business 158.0 129.7 126.0 934.9 -176.1 92.4 3

 4 State and local governments -20.0 -20.0 -20.7 -20.0 -31.1 -29.4 4

 5 Federal government 22.7 13.1 23.4 85.5 -41.3 -48.6 5

 6 Rest of the world 13.9 -6.9 98.3 -63.0 132.2 225.7 6

 7 Financial sectors -176.9 -154.0 -80.0 150.0 46.4 216.4 7

 8 Monetary authority 3.4 1.6 -2.8 -0.2 -6.0 -10.1 8

 9 U.S.-chartered commercial banks -123.7 -160.2 -136.2 -33.1 238.2 140.1 9

10 Foreign banking officed in U.S. 0.2 -1.2 2.6 -5.1 1.3 1.1 10

11 Bank holding companies 1.7 3.1 -4.9 -12.9 -9.8 -7.0 11

12 Banks in U.S.-affiliated areas -0.5 -0.1 -7.1 -1.1 5.3 0.8 12

13 Savings institutions -7.9 -5.8 24.3 54.4 3.4 -8.7 13

14 Credit unions 2.4 1.3 2.3 3.7 5.6 1.8 14

15 Property-casualty insurance companies -16.0 30.1 3.1 -0.6 -15.1 38.8 15

16 Life insurance companies -10.6 -29.1 -50.7 -59.4 -82.4 -8.2 16

17 Mutual funds 21.1 11.4 13.4 -5.7 -83.3 -103.6 17

18 Government-sponsored enterprises -14.8 -1.9 27.7 107.8 52.2 57.7 18

19 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies -27.1 22.6 20.8 36.3 14.9 61.3 20

21 REITs 5.3 -0.9 31.9 -5.8 -15.8 29.3 21

22 Brokers and dealers -10.3 -24.7 -4.3 71.9 -62.1 22.9 22

F.12 Instrument Discrepancies

Billions of dollars

 1 All types -7.4 143.6 -83.5 983.1 21.6 253.3 1

 2 Treasury currency 0.7 -1.1 -1.2 -0.8 -4.4 -1.1 2

 3 Foreign deposits 12.3 106.8 196.5 -347.1 -74.4 18.2 3

 4 Net interbank transactions -3.6 -1.9 1.8 30.6 34.4 -20.2 4

 5 Security RPs 109.9 312.4 -231.4 -604.9 466.5 -85.4 5

 6 Mail floats -4.9 -3.0 1.0 -5.2 -0.3 -1.1 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government -6.6 -3.0 1.2 -3.3 0.7 0.0 8

 9 Private domestic 1.7 -0.0 -0.1 -2.0 -1.0 -1.1 9

10 Trade credit -26.6 154.0 -53.0 12.8 77.4 67.5 10

11 Taxes payable -45.4 17.5 -36.5 -64.0 -41.6 -58.0 11

12 Miscellaneous -135.1 -677.6 25.8 1959.2 -348.7 339.2 12

13 Nonfinancial 85.4 236.4 13.5 2.6 -87.3 -5.7 13

 Nonfinancial components (sign reversed):

14 Statistical discrepancy (NIPA) -95.1 -242.3 -12.0 -2.4 77.4 0.8 14

15 Private wage accruals less disbursements 5.0 1.3 -6.3 -5.0 5.0 0.0 15

16 Contr. for govt. soc. insur., U.S. affiliated areas 4.7 4.6 4.7 4.8 4.9 4.9 16
52 FFA, 2005-2010, March 8, 2012

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total credit market debt owed by: 42100.6 46164.2 50875.7 53296.6 53065.8 53353.1 1

 2 Domestic nonfinancial sectors 27589.2 29985.0 32531.0 34468.0 35435.9 36938.1 2

 3 Household sector 11743.4 12915.4 13782.4 13801.1 13570.2 13328.6 3

 4 Nonfinancial corporate business 5579.9 6103.3 6933.6 7269.4 7052.9 7355.1 4

 5 Nonfinancial noncorporate business 2941.5 3360.1 3824.9 4148.2 4008.1 3803.3 5

 6 State and local governments 2622.6 2720.9 2867.8 2887.8 2999.3 3065.5 6

 7 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 7

 8 Rest of the world 1513.9 1882.6 2126.3 1708.8 2090.3 2273.1 8

 9 Financial sectors 12997.5 14296.5 16218.4 17119.8 15539.6 14141.8 9

10 U.S.-chartered commercial banks 393.6 497.8 629.6 708.6 576.1 824.9 10

11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 11

12 Bank holding companies 429.5 503.3 632.7 716.6 1089.5 1046.9 12

13 Savings institutions 427.3 319.1 423.3 356.1 152.3 127.4 13

14 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 14

15 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 15

16 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 16

17 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 17

18 ABS issuers 3393.2 4204.6 4544.7 4136.5 3292.6 2339.0 18

19 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 962.1 19

20 REITs 395.5 411.0 421.2 367.4 317.4 315.2 20

21 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 21

22 Funding corporations 619.9 645.3 786.4 1252.8 816.8 751.4 22

23 Total credit market assets held by: 42100.6 46164.2 50875.7 53296.6 53065.8 53353.1 23

24 Domestic nonfinancial sectors 6203.9 6437.9 7046.5 6886.9 7380.6 7726.1 24

25 Household sector 4169.9 4343.4 4936.6 4865.2 5096.7 5314.4 25

26 Nonfinancial corporate business 340.4 328.8 249.7 217.5 227.1 232.3 26

27 Nonfinancial noncorporate business 96.8 96.7 106.7 95.8 89.1 85.5 27

28 State and local governments 1323.0 1389.0 1466.9 1335.2 1298.5 1339.3 28

29 Federal government 273.8 279.9 286.5 373.1 669.2 754.5 29

30 Rest of the world 5191.3 6199.7 7272.6 7504.6 7724.2 8375.8 30

31 Financial sectors 30705.4 33526.5 36556.6 38905.1 37961.0 37251.3 31

32 Monetary authority 744.2 778.9 740.6 986.0 1987.7 2259.2 32

33 U.S.-chartered commercial banks 6487.4 7144.1 7666.8 8197.9 8071.7 8270.4 33

34 Foreign banking offices in U.S. 657.8 761.6 963.3 1063.8 778.0 747.1 34

35 Bank holding companies 32.2 36.0 59.1 73.0 75.8 97.9 35

36 Banks in U.S.-affiliated areas 101.0 99.3 92.8 90.9 88.1 68.9 36

37 Savings institutions 1617.1 1533.2 1596.1 1320.0 1070.4 1081.0 37

38 Credit unions 592.6 622.7 657.9 697.9 731.0 755.5 38

39 Property-casualty insurance companies 819.3 864.1 869.3 853.4 886.7 890.6 39

40 Life insurance companies 2753.9 2786.4 2871.2 2882.8 3022.6 3174.2 40

41 Private pension funds 699.9 758.3 860.8 951.4 1063.0 1171.0 41

42 State and local govt. retirement funds 693.4 808.0 820.3 833.5 824.7 816.5 42

43 Federal government retirement funds 76.0 84.3 96.1 120.3 127.7 138.7 43

44 Money market mutual funds 1340.8 1560.8 1936.4 2675.0 2031.0 1621.0 44

45 Mutual funds 1747.1 1932.0 2203.1 2276.4 2657.2 3031.4 45

46 Closed-end funds 165.8 171.8 170.9 129.9 139.5 144.4 46

47 Exchange-traded funds 15.0 20.7 34.0 57.0 102.9 132.6 47

48 Government-sponsored enterprises 2543.9 2590.5 2829.5 3037.5 2699.7 6333.1 48

49 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 49

50 ABS issuers 3289.3 4092.8 4429.9 4038.3 3229.0 2285.2 50

51 Finance companies 1740.6 1811.6 1828.2 1755.9 1532.6 1482.8 51

52 REITs 240.3 266.4 246.5 177.6 168.9 206.0 52

53 Brokers and dealers 477.2 583.4 803.1 717.4 525.3 557.5 53

54 Funding corporations 322.2 378.7 316.0 1007.7 770.9 846.8 54

(1) Excludes corporate equities and mutual fund shares.
FFA, 2005-2010, March 8, 2012 53

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Domestic 27589.2 29985.0 32531.0 34468.0 35435.9 36938.1 1

 2 By instrument 27589.2 29985.0 32531.0 34468.0 35435.9 36938.1 2

 3 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 3

 4 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 4

 5 Agency- and GSE-backed securities 23.8 23.5 23.1 23.3 23.5 24.2 5

 6 Municipal securities 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 6

 7 Corporate bonds 3031.1 3246.7 3557.9 3762.5 4139.7 4560.3 7

 8 Bank loans n.e.c. 1225.0 1400.7 1647.4 1839.9 1553.5 1577.7 8

 9 Other loans and advances 1247.1 1403.7 1714.7 1789.6 1541.7 1455.3 9

10 Mortgages 11929.6 13308.0 14361.5 14445.4 14160.4 13645.9 10

11 Home 9388.9 10459.1 11173.1 11070.1 10870.9 10526.6 11

12 Multifamily residential 640.5 677.4 761.9 812.6 820.1 810.1 12

13 Commercial 1795.5 2063.4 2313.9 2428.0 2338.0 2173.0 13

14 Farm 104.8 108.0 112.7 134.7 131.3 136.3 14

15 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 15

16 By sector 27589.2 29985.0 32531.0 34468.0 35435.9 36938.1 16

17 Household sector 11743.4 12915.4 13782.4 13801.1 13570.2 13328.6 17

18 Nonfinancial business 8521.3 9463.4 10758.4 11417.6 11061.0 11158.4 18

19 Corporate 5579.9 6103.3 6933.6 7269.4 7052.9 7355.1 19

20 Noncorporate 2941.5 3360.1 3824.9 4148.2 4008.1 3803.3 20

21 State and local governments 2622.6 2720.9 2867.8 2887.8 2999.3 3065.5 21

22 Federal government 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 22

 Foreign credit market debt

23 held in U.S. 1513.9 1882.6 2126.3 1708.8 2090.3 2273.1 23

24 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 24

25 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1737.3 25

26 Bank loans n.e.c. 84.4 98.3 102.8 107.9 96.8 115.1 26

27 Other loans and advances 34.0 26.6 23.4 21.6 21.9 22.1 27

28 Domestic and foreign 29103.1 31867.7 34657.3 36176.7 37526.2 39211.2 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 12997.5 14296.5 16218.4 17119.8 15539.6 14141.8 1

 2 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 575.9 2

 3 GSE issues 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 3

 4 Agency- and GSE-backed mortgage pool sec. 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 4

 5 Corporate bonds 4652.4 5464.8 6291.0 6013.5 5722.5 5170.5 5

 6 Bank loans n.e.c. 268.6 206.2 277.1 773.2 271.5 181.3 6

 7 Other loans and advances 620.2 641.4 867.1 900.5 617.9 473.2 7

 8 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 8

 9 By sector 12997.5 14296.5 16218.4 17119.8 15539.6 14141.8 9

10 U.S.-chartered commercial banks 393.6 497.8 629.6 708.6 576.1 824.9 10

11 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 11

12 Bank holding companies 429.5 503.3 632.7 716.6 1089.5 1046.9 12

13 Savings institutions 427.3 319.1 423.3 356.1 152.3 127.4 13

14 Credit unions 14.7 18.9 32.3 40.6 26.5 26.1 14

15 Life insurance companies 11.5 14.2 28.7 54.9 48.3 45.1 15

16 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 16

17 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 17

18 ABS issuers 3393.2 4204.6 4544.7 4136.5 3292.6 2339.0 18

19 Finance companies 1108.6 1144.2 1279.6 1200.3 1044.1 962.1 19

20 REITs 395.5 411.0 421.2 367.4 317.4 315.2 20

21 Brokers and dealers 62.4 68.8 64.8 142.6 92.9 129.7 21

22 Funding corporations 619.9 645.3 786.4 1252.8 816.8 751.4 22
54 FFA, 2005-2010, March 8, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total 42100.6 46164.2 50875.7 53296.6 53065.8 53353.1 1

 2 Open market paper 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 2

 3 Treasury securities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 3

 4 Agency- and GSE-backed securities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 4

 5 Municipal securities 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 5

 6 Corporate and foreign bonds 8695.1 9987.0 11435.9 11013.2 11432.5 11468.0 6

 7 Bank loans n.e.c. 1577.9 1705.2 2027.3 2721.1 1921.8 1874.1 7

 8 Other loans and advances 1901.2 2071.6 2605.3 2711.7 2181.4 1950.6 8

 9 Mortgages 12075.1 13460.1 14518.2 14608.9 14327.3 13813.0 9

10 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 10

 Memo:

 Selected claims not included above:

11 Corporate equities 20636.1 24339.3 25580.9 15640.5 20123.2 23249.0 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 42100.6 46164.2 50875.7 53296.6 53065.8 53353.1 1

 2 U.S. official reserve assets 61.1 62.2 67.3 74.2 175.1 175.8 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 3

 4 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 4

 5 Foreign deposits 997.8 1085.0 1340.9 946.7 840.6 912.3 5

 6 Net interbank liabilities 197.4 186.1 88.6 1890.5 1281.5 1091.6 6

 7 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 7

 8 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 8

 9 Large time deposits 1789.5 2050.8 2382.2 2191.6 1989.8 1807.5 9

10 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 10

11 Security RPs 1748.5 2151.7 2159.8 1270.3 1452.4 1227.4 11

12 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 12

13 Security credit 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 13

14 Life insurance reserves 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 14

15 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 15

16 Trade payables 3003.6 3195.9 3398.0 3228.0 3204.2 3403.0 16

17 Taxes payable 214.5 237.0 167.7 44.0 40.6 51.8 17

18 Miscellaneous 14321.2 15667.6 17441.8 19846.9 19678.3 20433.6 18

19 Total liabilities 92226.0 101827.8 111689.7 112577.4 114647.2 117743.0 19

 + Financial assets not included in

 liabilities:

20 Gold 11.0 11.0 11.0 11.0 11.0 11.0 20

21 Corporate equities 20636.1 24339.3 25580.9 15640.5 20123.2 23249.0 21

22 Household equity in noncorp. bus. 8131.0 9085.3 8951.2 7314.6 6428.9 7162.7 22

 - Liabilities not identified as assets:

23 Treasury currency -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 23

24 Foreign deposits 779.5 886.3 1082.9 735.8 661.4 679.6 24

25 Net interbank transactions 21.3 19.3 21.1 51.7 86.1 61.8 25

26 Security RPs 687.0 868.5 628.0 32.6 410.9 295.6 26

27 Taxes payable -18.1 -48.1 -174.8 -345.3 -375.5 -397.1 27

28 Miscellaneous -5342.6 -6476.9 -7147.8 -4807.1 -5298.2 -5366.2 28

 - Floats not included in assets:

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

30 Federal govt. 1.8 0.1 2.8 1.2 2.0 2.5 30

31 Private domestic 7.4 7.4 7.3 5.3 4.2 3.2 31

32 Trade credit 13.8 171.1 118.1 130.9 208.3 267.1 32

33 Totals identified to sectors as assets 124863.1 139845.9 151706.7 139750.5 145527.6 152636.9 33
FFA, 2005-2010, March 8, 2012 55

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 38410.8 43173.4 46230.9 38622.7 42609.9 45551.7 1

 2 Foreign deposits 59.9 65.2 80.5 56.9 50.5 54.8 2

 3 Checkable deposits and currency 591.0 621.9 605.9 811.4 870.1 703.9 3

 4 Time and savings deposits 5238.0 5744.8 6247.9 6440.9 6543.3 6759.2 4

 5 Money market fund shares 1018.2 1186.6 1421.0 1657.2 1386.8 1200.4 5

 6 Securities 15848.4 18117.3 19108.5 13855.1 16565.0 18482.0 6

 7 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 7

 8 U.S. savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 8

 9 Treasury bills and other Treasury securities 321.8 253.6 127.6 114.4 670.5 972.3 9

10 Agency- and GSE-backed securities 510.2 445.3 689.2 733.5 139.0 219.0 10

11 Municipal securities 1643.5 1687.1 1730.7 1771.6 1901.6 1962.8 11

12 Corporate and foreign bonds 1303.4 1568.4 2022.7 1961.6 2082.7 1841.9 12

13 Corporate equities (2) 8096.1 9652.6 9636.8 5746.9 7408.7 8663.1 13

14 Mutual fund shares 3669.9 4190.5 4597.9 3327.2 4136.7 4571.7 14

15 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 15

16 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 16

17 Life insurance companies 2197.4 2332.4 2450.8 2184.6 2323.0 2504.7 17

18 Private pension funds 5427.8 6120.5 6444.8 4588.0 5507.4 6134.3 18

19 Governments 3834.9 4297.6 4495.1 3635.9 4084.2 4449.4 19

20 Miscellaneous and other assets 3112.6 3631.9 4299.6 4342.9 4170.4 4125.8 20

21 Total liabilities 16408.4 18241.1 19745.6 20079.1 19791.7 19451.2 21

22 Home mortgages 9357.7 10419.7 11130.8 11037.4 10850.6 10513.0 22

23 Other mortgages 1788.6 2015.4 2301.9 2529.9 2551.9 2446.7 23

24 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 24

25 Policy loans 107.6 110.9 114.5 120.4 121.1 124.5 25

26 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 26

27 Other liabilities 2601.5 2987.0 3317.6 3632.4 3586.2 3654.2 27

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

(2) Directly held and those in closed-end and exchange-traded funds. Other equities are included in mutual funds (line 14) and life insurance and pension reserves (lines 15, 16, 17, and 18).
56 FFA, 2005-2010, March 8, 2012

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 43933.4 49132.4 51574.6 42234.6 45434.3 49252.4 1

 2 Deposits 6139.9 6753.1 7406.0 8013.5 7883.9 7790.1 2

 3 Foreign deposits 59.9 65.2 80.5 56.9 50.5 54.8 3

 4 Checkable deposits and currency 216.9 173.1 90.3 292.0 330.3 185.3 4

 5 Time and savings deposits 4913.9 5400.4 5888.5 6082.8 6190.0 6420.3 5

 6 Money market fund shares 949.2 1114.5 1346.7 1581.8 1313.1 1129.7 6

 7 Credit market instruments 4169.9 4343.4 4936.6 4865.2 5096.7 5314.4 7

 8 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 8

 9 Treasury securities 470.7 399.6 264.6 256.5 815.5 1115.9 9

10 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 10

11 Bills and other Treasury securities 265.6 197.2 68.3 62.6 624.3 928.0 11

12 Agency- and GSE-backed securities 510.2 445.3 689.2 733.5 139.0 219.0 12

13 Municipal securities 1639.1 1681.4 1725.4 1766.7 1896.5 1957.9 13

14 Corporate and foreign bonds 1303.4 1568.4 2022.7 1961.6 2082.7 1841.9 14

15 Other loans and advances (2) 8.7 9.1 17.6 29.7 26.8 26.2 15

16 Mortgages 139.5 122.2 109.8 111.2 101.5 90.2 16

17 Corporate equities (3) 8096.1 9652.6 9636.8 5746.9 7408.7 8663.1 17

18 Mutual fund shares 3669.9 4190.5 4597.9 3327.2 4136.7 4571.7 18

19 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 19

20 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 20

21 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 21

22 Equity in noncorporate business 8131.0 9085.3 8951.2 7314.6 6428.9 7162.7 22

23 Miscellaneous assets 608.7 646.1 712.2 766.3 787.1 830.6 23

24 Total liabilities 12184.5 13430.3 14346.4 14229.7 14048.0 13905.7 24

25 Credit market instruments 11743.4 12915.4 13782.4 13801.1 13570.2 13328.6 25

26 Home mortgages (4) 8880.8 9868.5 10545.7 10496.5 10351.2 10050.9 26

27 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 27

28 Municipal securities 213.7 230.1 250.7 258.7 264.6 262.3 28

29 Bank loans n.e.c. (5) 36.4 86.4 99.7 117.7 147.8 263.2 29

30 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 30

31 Commercial mortgages 172.8 190.7 204.0 200.9 194.0 181.4 31

32 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 32

33 Trade payables 186.3 199.9 214.5 236.7 252.7 274.1 33

 Deferred and unpaid

34 life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 34

(1) Sector includes domestic hedge funds, private equity funds, and personal trusts. Supplementary tables (tables F.100.a and L.100.a) show estimates of annual flows and year-end

 outstandings of nonprofit organizations.

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

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

(4) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 24.

(5) Includes loans extended by the Federal Reserve to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF), shown on table L.109, line 15.
FFA, 2005-2010, March 8, 2012 57

L.101 Nonfinancial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 14505.3 15784.0 17358.0 16630.8 16933.5 17691.9 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 72.0 2

 3 Checkable deposits and currency 646.2 604.5 662.9 558.0 705.8 963.6 3

 4 Time and savings deposits 774.5 841.4 800.7 740.0 842.1 810.5 4

 5 Money market fund shares 417.1 488.5 618.7 777.9 719.8 588.2 5

 6 Security RPs 14.6 15.5 8.1 7.2 7.9 12.2 6

 7 Credit market instruments 437.2 425.6 356.4 313.4 316.3 317.8 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 71.4 8

 9 Treasury securities 108.3 101.8 97.7 82.3 89.1 87.6 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 15.2 10

11 Municipal securities 36.6 33.9 34.5 31.1 32.2 25.7 11

12 Mortgages 104.4 94.5 83.5 72.8 67.5 61.8 12

13 Consumer credit 59.6 57.6 58.6 59.8 57.2 56.0 13

14 Mutual fund shares 140.0 180.7 191.1 125.8 190.2 222.9 14

15 Trade receivables 2539.2 2560.8 2778.7 2603.7 2546.8 2665.9 15

16 Miscellaneous assets 9472.9 10617.7 11891.2 11480.0 11573.1 12038.8 16

17 Total liabilities 15406.0 16632.3 18315.2 19074.4 18641.9 18824.3 17

18 Credit market instruments 8521.3 9463.4 10758.4 11417.6 11061.0 11158.4 18

19 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 19

20 Municipal securities 218.2 272.4 341.5 409.7 447.5 482.3 20

21 Corporate bonds 3031.1 3246.7 3557.9 3762.5 4139.7 4560.3 21

22 Bank loans n.e.c. 1188.5 1314.3 1547.7 1722.2 1405.7 1314.5 22

23 Other loans and advances 1117.4 1268.7 1575.8 1643.7 1394.4 1304.8 23

24 Mortgages 2876.0 3248.8 3611.8 3748.0 3615.2 3413.6 24

25 Trade payables 2035.1 2161.7 2272.8 2053.4 1975.8 2116.8 25

26 Taxes payable 172.9 181.1 135.3 145.1 135.6 133.8 26

27 Miscellaneous liabilities 4676.7 4826.0 5148.7 5458.2 5469.5 5415.2 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
58 FFA, 2005-2010, March 8, 2012

L.102 Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 11908.6 12667.6 13762.1 12937.7 13341.1 14243.7 1

 2 Foreign deposits 63.6 49.3 50.3 24.7 31.5 72.0 2

 3 Checkable deposits and currency 272.0 155.8 147.3 38.6 166.0 445.0 3

 4 Time and savings deposits 450.4 497.0 441.3 381.9 488.8 471.6 4

 5 Money market fund shares 348.2 416.3 544.4 702.6 646.1 517.5 5

 6 Security RPs 14.6 15.5 8.1 7.2 7.9 12.2 6

 7 Credit market instruments 340.4 328.8 249.7 217.5 227.1 232.3 7

 8 Commercial paper 111.0 122.7 69.5 57.3 56.0 71.4 8

 9 Treasury securities 52.1 45.5 38.3 30.5 43.0 43.4 9

10 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 15.2 10

11 Municipal securities 32.1 28.1 29.2 26.2 27.1 20.8 11

12 Mortgages 68.3 59.8 41.4 33.6 29.5 25.4 12

13 Consumer credit 59.6 57.6 58.6 59.8 57.2 56.0 13

14 Mutual fund shares 140.0 180.7 191.1 125.8 190.2 222.9 14

15 Trade receivables 2108.2 2090.0 2253.0 2081.1 2050.5 2189.8 15

16 Miscellaneous assets 8171.2 8934.1 9877.0 9358.3 9533.1 10080.3 16

17 U.S. direct investment abroad (1) 2205.7 2440.7 2892.9 3011.1 3294.0 3585.2 17

18 Insurance receivables 284.0 291.6 299.9 311.1 310.2 313.2 18

19 Equity in GSEs 0.5 0.6 0.7 0.4 0.5 0.6 19

20 Investment in finance company subs. 117.0 140.1 81.5 80.5 71.2 91.5 20

21 Other 5564.0 6061.1 6601.9 5955.2 5857.3 6089.9 21

22 Total liabilities 11182.1 11821.5 12916.0 13225.0 12898.3 13278.7 22

23 Credit market instruments 5579.9 6103.3 6933.6 7269.4 7052.9 7355.1 23

24 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 24

25 Municipal securities (2) 218.2 272.4 341.5 409.7 447.5 482.3 25

26 Corporate bonds (1) 3031.1 3246.7 3557.9 3762.5 4139.7 4560.3 26

27 Bank loans n.e.c. 518.1 528.6 621.1 676.1 475.9 468.6 27

28 Other loans and advances (3) 939.1 1070.1 1360.5 1411.5 1173.4 1074.8 28

29 Mortgages 783.3 872.9 928.8 878.1 757.9 686.2 29

30 Trade payables 1700.6 1812.9 1897.9 1672.7 1587.5 1748.5 30

31 Taxes payable 86.2 85.4 35.8 39.0 35.7 39.1 31

32 Miscellaneous liabilities 3815.4 3819.9 4048.6 4243.9 4222.2 4136.0 32

33 Foreign direct investment in U.S. 1549.4 1722.7 1961.9 2050.3 2025.8 2175.2 33

34 Pension fund contributions payable 44.8 42.8 47.2 47.9 50.5 49.2 34

35 Other 2221.2 2054.4 2039.5 2145.7 2146.0 1911.6 35

 Memo:

36 Trade receivables net of payables 407.7 277.1 355.1 408.3 463.0 441.2 36

37 Market value of equities 12686.6 14602.3 15730.7 10016.6 12494.7 14422.3 37

38 Securities and mortgages 4032.6 4392.0 4828.1 5050.3 5345.2 5728.8 38

39 Loans and short-term paper 1547.3 1711.3 2105.4 2219.1 1707.7 1626.3 39

40 Total short-term liabilities (4) 3334.0 3609.5 4039.2 3930.8 3330.9 3413.9 40

41 Total liquid assets (5) 1501.3 1526.1 1532.1 1404.8 1670.8 1892.1 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 72.3 72.0 69.6 69.5 75.8 77.9 42

43 Short-term debt/credit market debt 27.7 28.0 30.4 30.5 24.2 22.1 43

44 Liquid assets/short-term liabilities 45.0 42.3 37.9 35.7 50.2 55.4 44

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

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

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

(4) Sum of lines 24, 27, 28, 30, and 31. Includes loans due in more than one year and excludes current maturities of bonds and mortgages.

(5) Sum of lines 2 through 6, lines 8 through 11, and line 14.
FFA, 2005-2010, March 8, 2012 59

L.103 Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2596.7 3116.5 3595.9 3693.1 3592.4 3448.3 1

 2 Checkable deposits and currency 374.1 448.8 515.6 519.4 539.8 518.6 2

 3 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 338.9 3

 4 Money market fund shares 69.0 72.2 74.3 75.4 73.7 70.7 4

 5 Credit market instruments 96.8 96.7 106.7 95.8 89.1 85.5 5

 6 Treasury securities 56.2 56.3 59.3 51.8 46.1 44.3 6

 7 Municipal securities 4.4 5.8 5.3 4.9 5.1 4.9 7

 8 Mortgages 36.2 34.6 42.1 39.1 37.9 36.4 8

 9 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Trade receivables 430.9 470.9 525.6 522.7 496.3 476.1 10

11 Miscellaneous assets 1301.7 1683.5 2014.3 2121.8 2040.0 1958.4 11

12 Insurance receivables 99.2 103.6 107.3 111.5 112.4 112.5 12

13 Equity investment in GSEs (1) 4.1 4.3 5.0 6.4 6.3 6.7 13

14 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1839.2 14

15 Total liabilities 4223.9 4810.8 5399.3 5849.4 5743.6 5545.6 15

16 Credit market instruments 2941.5 3360.1 3824.9 4148.2 4008.1 3803.3 16

17 Bank loans n.e.c. 670.4 785.7 926.5 1046.1 929.8 845.9 17

18 Other loans and advances 178.3 198.6 215.3 232.2 221.0 230.0 18

19 Mortgages 2092.7 2375.9 2683.0 2869.9 2857.3 2727.4 19

20 Trade payables 334.5 348.9 374.9 380.7 388.3 368.3 20

21 Taxes payable 86.7 95.7 99.5 106.2 99.9 94.7 21

22 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1247.4 1279.2 22

(1) Equity in the Farm Credit System.
60 FFA, 2005-2010, March 8, 2012

L.105 State and Local Governments (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2194.5 2295.8 2516.9 2423.3 2502.7 2631.9 1

 2 Checkable deposits and currency 56.5 61.9 57.1 65.6 84.9 91.5 2

 3 Time and savings deposits 183.3 209.6 245.9 265.1 275.9 275.5 3

 4 Money market fund shares 69.8 72.7 79.3 77.5 81.6 86.9 4

 5 Security RPs 137.5 143.0 156.1 152.6 160.6 171.2 5

 6 Credit market instruments 1323.0 1389.0 1466.9 1335.2 1298.5 1339.3 6

 7 Open market paper 180.0 187.3 184.3 119.8 65.3 72.2 7

 8 Treasury securities 475.0 506.8 525.1 475.1 493.9 503.6 8

 9 Agency- and GSE-backed securities 391.1 407.0 444.0 434.1 417.0 427.0 9

10 Municipal securities 4.9 5.1 5.5 5.4 5.7 6.1 10

11 Corporate and foreign bonds 123.9 129.0 140.7 137.5 144.8 154.3 11

12 Mortgages 148.0 154.0 167.3 163.3 171.8 176.1 12

13 Corporate equities 94.3 98.1 108.0 82.1 117.7 109.9 13

14 Mutual fund shares 28.9 30.0 32.8 32.0 33.7 30.9 14

15 Trade receivables 140.9 146.6 159.9 156.4 164.6 175.4 15

16 Taxes receivable 141.0 189.0 237.5 269.8 280.9 298.0 16

17 Miscellaneous assets 19.3 -44.1 -26.7 -13.0 4.3 53.2 17

18 Total liabilities 3104.7 3237.3 3421.3 3480.4 3629.7 3734.3 18

19 Credit market instruments 2622.6 2720.9 2867.8 2887.8 2999.3 3065.5 19

20 Municipal securities 2612.0 2709.7 2855.9 2875.0 2985.7 3051.1 20

21 Short-term 42.5 34.3 51.2 55.9 63.6 63.0 21

22 Other 2569.5 2675.4 2804.7 2819.2 2922.1 2988.1 22

23 U.S. government loans 10.6 11.2 11.9 12.7 13.5 14.4 23

24 Trade payables 482.0 516.4 553.5 592.7 630.4 668.8 24

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

L.106 Federal Government

Billions of dollars

 1 Total financial assets 643.7 641.3 686.6 1268.2 1351.3 1579.0 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 2

 3 Checkable deposits and currency 36.8 32.9 56.5 368.0 193.6 342.1 3

 4 Time and savings deposits 1.4 1.7 2.8 1.6 1.9 2.0 4

 5 Credit market instruments 273.8 279.9 286.5 373.1 669.2 754.5 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 54.4 196.4 149.2 6

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

 8 Other loans and advances 107.4 108.0 105.8 111.8 177.9 181.4 8

 9 Mortgages 76.6 80.3 82.4 95.8 108.4 106.6 9

10 Consumer credit (1) 89.8 91.7 98.4 111.0 186.0 316.4 10

11 Corporate equities (2) 0.0 0.0 0.0 188.7 67.4 49.9 11

12 Trade receivables 71.0 59.4 60.6 64.7 43.6 42.9 12

13 Taxes receivable 91.6 96.1 105.0 119.4 135.1 150.8 13

14 Miscellaneous assets 133.7 136.8 138.7 110.8 145.8 141.4 14

15 Total liabilities 5947.6 6193.2 6537.4 7888.4 9405.9 11095.7 15

16 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 16

17 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 17

18 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 18

19 Credit market instruments 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 19

20 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 20

21 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 21

22 Other Treasury securities 3512.2 3718.6 3903.3 4283.0 5802.8 7404.7 22

23 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 23

24 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Trade payables 202.7 208.9 238.2 260.8 204.6 226.7 25

26 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 26

27 Miscellaneous liabilities (3) 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 27

28 Nonmarketable securities held by pension plans 882.9 918.7 952.0 1015.3 1077.2 1142.9 28

29 Other 80.7 98.6 142.2 168.2 184.4 206.5 29

(1) Student loans.

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

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 2005-2010, March 8, 2012 61

L.107 Rest of the World

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 11530.0 13979.6 15875.4 14994.5 15601.0 17163.2 1

 2 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 2

 3 Net interbank assets 106.0 96.7 -56.9 362.9 69.0 10.2 3

 4 U.S. checkable deposits and currency 300.1 311.6 306.1 370.1 361.0 390.5 4

 5 U.S. time deposits 155.9 167.4 207.6 273.1 230.0 247.7 5

 6 Money market fund shares 23.0 27.0 46.0 69.7 76.9 69.8 6

 7 Security RPs (net) 231.2 364.6 338.4 114.9 31.0 -98.6 7

 8 Credit market instruments 5191.3 6199.7 7272.6 7504.6 7724.2 8375.8 8

 9 Open market paper 239.6 286.3 278.1 232.9 191.5 192.3 9

10 Treasury securities 1984.4 2126.2 2376.4 3253.0 3671.4 4385.3 10

11 Official 1340.6 1558.3 1736.7 2400.5 2879.6 3320.7 11

12 Private 643.8 567.9 639.8 852.5 791.8 1064.6 12

13 Agency- and GSE-backed securities 1012.9 1263.6 1582.4 1406.9 1154.8 1077.3 13

14 Official 487.2 695.2 954.3 940.5 749.0 669.2 14

15 Private 525.7 568.4 628.0 466.4 405.9 408.1 15

16 Municipal securities 29.0 34.4 45.1 51.0 58.7 71.7 16

17 U.S. corporate bonds (1) 1762.9 2320.5 2719.1 2353.5 2465.3 2488.6 17

18 Loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.5 160.4 18

19 U.S. corporate equities 2039.1 2448.1 2812.2 1806.6 2477.2 2926.1 19

20 Mutual fund shares 242.0 316.8 373.5 256.2 363.6 513.8 20

21 Trade receivables 56.9 62.8 83.6 90.1 96.7 116.1 21

22 Security credit 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous assets 3177.5 3977.7 4484.6 4138.7 4116.2 4557.5 23

24 Foreign direct investment in U.S. (2) 1906.0 2154.1 2345.9 2397.4 2441.7 2658.9 24

25 Other 1271.5 1823.7 2138.7 1741.3 1674.5 1898.6 25

26 Total liabilities 6088.3 7234.2 8542.3 8599.1 8790.5 9728.9 26

27 U.S. official reserve assets (3) 54.1 54.9 59.5 66.6 119.7 121.4 27

28 U.S. private deposits 997.8 1085.0 1340.9 946.7 840.6 912.3 28

29 Credit market instruments 1513.9 1882.6 2126.3 1708.8 2090.3 2273.1 29

30 Commercial paper 384.0 482.3 413.0 342.0 401.3 398.6 30

31 Bonds 1011.6 1275.5 1587.1 1237.3 1570.3 1737.3 31

32 Bank loans n.e.c. 84.4 98.3 102.8 107.9 96.8 115.1 32

33 Official 2.6 1.9 1.9 2.6 3.2 4.3 33

34 Banks 18.1 21.9 30.2 33.0 27.9 39.7 34

35 Other 63.7 74.4 70.8 72.4 65.8 71.2 35

36 U.S. government loans 33.7 26.4 23.1 21.6 21.9 22.1 36

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

38 Trade payables 54.5 60.7 73.1 63.2 70.6 98.4 38

39 Security debt 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Miscellaneous liabilities 3468.1 4151.0 4942.4 5813.9 5669.2 6323.8 40

41 U.S. equity in IBRD, etc. 43.2 45.3 46.9 48.3 50.0 52.3 41

42 Nonofficial foreign currencies 0.6 0.6 24.5 554.2 10.9 0.8 42

43 U.S. direct investment abroad (1,2) 2651.7 2948.2 3553.1 3748.5 4067.5 4429.4 43

44 Other 772.6 1157.1 1318.0 1462.8 1540.8 1841.2 44

 Memo:

45 Market value of foreign equities 3317.7 4329.0 5248.0 2748.4 3995.3 4485.6 45

 held by U.S. residents (4)

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

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

(3) Does not include monetary gold.

(4) Includes American Depositary Receipts (ADRs).
62 FFA, 2005-2010, March 8, 2012

L.108 Financial Business (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 52056.2 58012.6 63695.2 62199.1 63704.7 64318.5 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 4

 5 Foreign deposits 94.7 84.1 127.3 129.3 97.1 105.9 5

 6 Net interbank assets 70.1 70.1 124.4 1475.9 1126.4 1019.6 6

 7 Checkable deposits and currency 261.5 315.8 350.0 441.0 411.6 381.1 7

 8 Time and savings deposits 358.7 375.5 461.1 578.4 776.4 676.5 8

 9 Money market fund shares 547.7 609.6 942.5 1250.3 1066.9 880.7 9

10 Federal funds and security RPs 678.2 760.1 1029.2 963.0 842.0 846.9 10

11 Credit market instruments 30705.4 33526.5 36556.6 38905.1 37961.0 37251.3 11

12 Open market paper 1015.2 1244.3 1149.5 1183.4 790.0 658.0 12

13 Treasury securities 1639.6 1727.4 1835.4 2271.3 2712.0 3269.1 13

14 Agency- and GSE-backed securities 4233.0 4361.4 4669.4 5527.5 6185.2 5710.4 14

15 Municipal securities 1334.4 1457.5 1637.6 1689.2 1704.8 1734.2 15

16 Corporate and foreign bonds 5504.9 5969.1 6553.4 6560.6 6739.2 6982.3 16

17 Bank loans n.e.c. 1577.9 1705.2 2027.3 2721.1 1921.8 1874.1 17

18 Other loans and advances 1622.6 1785.8 2210.4 2362.7 1794.3 1582.6 18

19 Mortgages 11606.7 13009.1 14075.3 14165.9 13878.1 13378.4 19

20 Consumer credit 2171.2 2266.7 2398.3 2423.3 2235.7 2062.3 20

21 Corporate equities 10406.7 12140.5 13023.9 7816.2 10052.2 11500.0 21

22 Mutual fund shares 1968.1 2350.2 2633.8 1694.1 2237.4 2595.2 22

23 Trade receivables 181.8 195.2 197.1 182.2 144.2 135.6 23

24 Security credit 463.1 594.3 660.0 385.8 422.6 520.5 24

25 Life insurance reserves 0.0 108.6 124.7 130.0 132.8 141.1 25

26 Miscellaneous assets 6251.6 6810.4 7389.5 8171.1 8349.8 8178.3 26

27 Total liabilities 49495.0 55100.4 60527.2 59305.3 60131.2 60454.2 27

28 Net interbank liabilities 197.4 186.1 88.6 1890.5 1281.5 1091.6 28

29 Checkable deposits and currency 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 29

30 Time and savings deposits 6387.6 6995.8 7606.7 7940.9 8316.3 8432.4 30

31 Money market fund shares 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 31

32 Federal funds and security RPs 1748.5 2151.7 2159.8 1270.3 1452.4 1227.4 32

33 Credit market instruments 12997.5 14296.5 16218.4 17119.8 15539.6 14141.8 33

34 Open market paper 1170.2 1363.2 1251.8 1125.8 677.6 575.9 34

35 Agency- and GSE-backed securities 6140.7 6468.9 7374.6 8143.4 8083.3 7574.0 35

36 Corporate and foreign bonds 4652.4 5464.8 6291.0 6013.5 5722.5 5170.5 36

37 Bank loans n.e.c. 268.6 206.2 277.1 773.2 271.5 181.3 37

38 Other loans and advances 620.2 641.4 867.1 900.5 617.9 473.2 38

39 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 39

40 Mutual fund shares 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 40

41 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 41

42 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 42

43 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 43

44 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 44

45 Taxes payable 41.6 55.9 32.4 -101.1 -95.0 -82.0 45

46 Miscellaneous liabilities 5190.4 5650.4 6232.7 7364.4 7255.8 7320.4 46

 Memo:

47 Market value of corporate equities 4631.9 5408.0 4602.2 2875.4 3633.2 4341.1 47

48 Equity in noncorporate business 11.7 9.8 11.6 9.5 12.1 13.8 48

(1) Sum of financial sectors shown on tables L.109 through L.130.
FFA, 2005-2010, March 8, 2012 63

L.109 Monetary Authority (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 878.7 908.2 951.3 2270.6 2267.2 2453.2 1

 2 U.S. official reserve assets 29.9 31.4 34.2 35.7 36.2 37.0 2

 3 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 3

 4 Treasury currency 36.5 38.2 38.7 38.7 42.7 43.5 4

 5 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 5

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

 7 Discount window (2) 0.1 0.1 48.6 544.0 96.6 0.2 7

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

 9 Security RPs 46.8 40.8 46.5 80.0 0.0 0.0 9

10 Credit market instruments 744.2 778.9 740.6 986.0 1987.7 2259.2 10

11 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Treasury securities 744.2 778.9 740.6 475.9 776.6 1021.5 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 19.7 1068.3 1139.6 13

14 Bank loans n.e.c. 0.0 0.0 0.0 490.4 142.8 98.1 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 47.5 24.7 15

16 Rest of world 0.0 0.0 0.0 0.0 0.0 0.0 16

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

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 29.1 29.2 25.8 18

19 Funding corporations (AIG) 0.0 0.0 0.0 38.9 22.2 20.0 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 19.5 16.0 13.5 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 24.4 18.5 14.1 21

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

23 Corporate equities (10) 0.0 0.0 0.0 0.0 25.1 26.4 23

24 Miscellaneous assets 18.1 17.0 40.5 569.8 75.9 83.1 24

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

26 Other 18.1 17.0 16.5 16.1 65.6 83.0 26

27 Total liabilities 865.7 892.9 932.8 2249.6 2241.6 2426.7 27

28 Depository institution reserves 19.0 18.7 20.8 860.0 977.0 968.1 28

29 Vault cash of commercial banks 50.1 51.7 55.0 57.7 54.9 52.7 29

30 Checkable deposits and currency 750.8 774.3 792.1 1220.3 1102.7 1287.8 30

31 Due to federal government 4.8 5.0 16.4 365.7 191.9 340.9 31

32 Treasury cash holdings 0.2 0.3 0.3 0.3 0.2 0.2 32

33 Treasury general deposit account 4.6 4.7 16.1 106.1 186.6 140.8 33

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

35 Due to rest of the world 0.1 0.1 0.1 1.4 2.4 3.4 35

36 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 36

37 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 37

38 Security RPs 30.5 29.6 44.0 88.4 77.7 59.7 38

39 Miscellaneous liabilities 15.3 18.5 21.0 23.1 29.2 58.4 39

40 Federal Reserve Bank stock 13.5 15.3 18.5 21.1 25.6 26.5 40

41 Other 1.8 3.2 2.5 2.1 3.6 31.9 41

(1) Assets and liabilities of Federal Reserve Banks and Treasury monetary accounts that supply or absorb bank reserves. Excludes the accounts of the Federal Reserve Board.

(2) Loans extended to domestic banks through term auction credit, primary credit, secondary credit, and seasonal credit.

(3) Loans extended to domestic banks through the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

(4) Loans extended to financial institutions such as domestic hedge funds through the Term Asset-Backed Securities Loan Facility (TALF).

(5) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the AMLF.

(6) Loan extended by the Federal Reserve to Maiden Lane LLC to facilitate the arrangements associated with JPMorgan Chase & Co.’s acquisition of Bear Stearns Companies, Inc.

(7) Loan extended by the Federal Reserve to Maiden Lane II LLC to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of AIG subsidiaries.

(8) Loan extended by the Federal Reserve to Maiden Lane III LLC to purchase CDOs on which AIG has written credit default swap contracts.

(9) Loan extended by the Federal Reserve to Commercial Paper Funding Facility LLC.

(10) Preferred interests in AIA Aurora LLC and ALICO Holdings LLC, two limited liability companies created to hold all the outstanding common stock of American International Assurance

 Company Ltd (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(11) Reciprocal currency arrangements (swap lines) with foreign central banks.
64 FFA, 2005-2010, March 8, 2012

L.110 U.S.-Chartered Commercial Banks

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 7450.8 8171.6 8840.8 10247.7 10044.6 10076.5 1

 2 Vault cash and reserves at Federal Reserve 65.5 67.8 72.2 635.1 679.5 588.4 2

 3 Total bank credit 6621.3 7320.5 7883.7 8382.9 8306.2 8505.8 3

 4 Open market paper 0.0 0.0 0.0 15.7 0.0 0.0 4

 5 Treasury securities 64.2 61.9 73.0 53.4 117.7 211.6 5

 6 Agency- and GSE-backed securities 992.7 1040.3 928.9 1068.7 1224.0 1310.8 6

 7 Residential mortgage pass-through securities 579.0 647.8 592.8 744.9 744.3 729.6 7

 8 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 3.5 3.3 8

 9 Residential CMOs and other structured MBS 152.3 147.2 142.8 157.1 217.0 334.3 9

10 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 3.9 3.6 10

11 Other 261.5 245.3 193.3 166.7 255.2 240.0 11

12 Municipal securities 157.2 178.9 190.9 214.1 215.1 243.5 12

13 Corporate and foreign bonds 411.6 470.7 572.4 542.0 582.6 474.9 13

14 Priv. residential mortgage pass-through securities 23.9 32.7 48.2 23.8 13.8 4.4 14

15 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 17.7 11.3 15

16 Priv. residential CMOs and other structured MBS 146.2 158.8 223.7 222.2 170.5 106.0 16

17 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 25.9 24.6 17

18 Other 241.5 279.1 300.5 296.0 354.7 328.7 18

19 Bank loans n.e.c. 1249.3 1312.2 1532.9 1670.8 1338.4 1350.7 19

20 Mortgages 2902.1 3338.9 3564.6 3754.7 3738.6 3580.1 20

21 Consumer credit 707.0 741.2 804.1 878.6 855.3 1098.7 21

22 Security credit 95.6 116.5 145.9 158.6 158.0 152.3 22

23 Corporate equities 24.1 35.3 41.5 6.7 30.3 38.2 23

24 Mutual fund shares 17.4 24.5 29.6 19.6 46.1 45.0 24

25 Life insurance reserves 0.0 93.4 104.3 110.7 111.5 116.0 25

26 Customers’ liab. on acceptances (1) 3.3 0.0 0.0 0.0 0.0 0.0 26

27 Miscellaneous assets 760.8 690.0 780.5 1118.9 947.4 866.4 27

28 Total liabilities 7216.9 7849.1 8434.3 9818.3 9786.5 9882.5 28

29 Net interbank liabilities 288.5 363.0 502.0 1291.0 672.2 420.9 29

30 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 30

31 Borrowing from Federal Reserve banks 0.1 0.1 48.6 559.7 96.6 0.2 31

32 To domestic banks -22.3 -57.1 -24.9 88.5 27.4 -39.2 32

33 To foreign banks 309.9 420.3 478.3 644.4 550.3 461.3 33

34 Checkable deposits 587.7 551.2 560.2 700.9 781.9 852.2 34

35 Federal government 33.9 28.0 42.9 3.5 3.8 3.6 35

36 Rest of the world 17.4 26.8 31.7 62.9 34.3 30.4 36

37 Private domestic 536.5 496.4 485.5 634.6 743.8 818.1 37

38 Small time and savings deposits 3493.1 3770.9 4025.9 4566.2 4949.1 5225.9 38

39 Large time deposits 838.1 968.0 991.1 1015.6 841.7 691.6 39

40 Federal funds and security RPs (net) 626.1 647.5 611.4 352.4 624.0 409.5 40

41 Open market paper 3.3 0.0 0.0 0.0 0.0 112.9 41

42 Corporate bonds 121.7 149.2 174.4 182.4 174.1 434.1 42

43 Other loans and advances 268.5 348.5 455.2 526.3 402.0 277.9 43

44 Taxes payable (net) 25.8 24.7 11.1 -74.6 -67.5 -60.6 44

45 Miscellaneous liabilities 964.0 1026.2 1103.1 1258.1 1409.2 1518.2 45

46 Investment by bank holding companies 897.0 1067.0 1197.8 1244.4 1413.5 1366.8 46

47 Other 67.1 -40.9 -94.7 13.6 -4.4 151.4 47

 Memo:

48 Credit market funds advanced (2) 6487.4 7144.1 7666.8 8197.9 8071.7 8270.4 48

49 Consumer leases not included above (3) 0.0 0.0 11.2 9.5 6.9 6.2 49

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

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

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

 The leased automobile is a nonfinancial asset.
FFA, 2005-2010, March 8, 2012 65

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 818.1 828.2 1048.0 1624.8 1267.5 1336.8 1

 2 Reserves at Federal Reserve 0.9 0.6 1.0 239.0 284.1 350.8 2

 3 Total bank credit 792.1 946.8 1151.4 1126.1 839.5 837.2 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Treasury securities 27.8 26.8 30.4 35.5 57.5 60.9 5

 6 Agency- and GSE-backed securities 50.9 55.1 57.1 50.6 31.3 26.5 6

 7 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 262.8 292.5 369.5 401.6 244.9 233.9 8

 9 Bank loans n.e.c. 294.7 361.8 466.8 531.9 406.5 390.4 9

10 Mortgages 20.8 24.9 39.0 44.2 37.8 35.4 10

11 Security credit 135.1 185.6 188.6 62.3 61.6 90.1 11

12 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.1 12

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

14 Miscellaneous assets 24.3 -119.6 -104.9 259.7 143.9 148.7 14

15 Total liabilities 834.8 844.6 1067.5 1639.6 1283.7 1354.1 15

16 Net interbank liabilities -141.7 -213.0 -404.1 -163.7 -322.5 -274.4 16

17 To foreign banks -176.7 -255.3 -424.6 -179.9 -356.2 -315.4 17

18 To domestic banks 35.0 42.2 20.5 16.2 33.7 41.0 18

19 Checkable deposits 9.3 9.3 11.8 13.5 16.1 21.9 19

20 Small time and savings deposits 10.0 18.6 25.5 25.6 29.9 35.7 20

21 Large time deposits 501.7 634.5 907.9 784.7 958.6 909.0 21

22 Federal funds and security RPs (net) 190.9 239.9 226.3 130.0 170.3 223.2 22

23 Acceptance liabilities 0.8 0.5 0.5 0.0 0.0 0.0 23

24 Miscellaneous liabilities 263.8 154.8 299.6 849.4 431.3 438.7 24

25 Foreign direct investment in U.S. 130.2 135.4 94.2 71.7 104.9 111.3 25

26 Due to affiliates 188.8 197.3 241.0 276.6 203.1 171.6 26

27 Other -55.1 -177.9 -35.6 501.1 123.2 155.9 27

 Memo:

28 Credit market funds advanced (3) 657.8 761.6 963.3 1063.8 778.0 747.1 28

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

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

(3) Total bank credit (line 3) less security credit (line 11) less corporate equities (line 12) plus customers’ liability on acceptances (line 13).
66 FFA, 2005-2010, March 8, 2012

L.112 Bank Holding Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 1523.8 1760.4 1882.8 2078.7 2876.9 2838.8 1

 2 Credit market instruments 32.2 36.0 59.1 73.0 75.8 97.9 2

 3 Treasury securities 1.1 2.5 7.1 3.1 5.8 19.6 3

 4 Agency- and GSE-backed securities 11.2 11.2 9.9 25.8 24.3 21.1 4

 5 Corporate and foreign bonds 11.8 16.7 35.9 35.8 31.1 38.3 5

 6 Bank loans n.e.c. 8.1 5.6 6.3 8.2 14.6 18.9 6

 7 Life insurance reserves 0.0 15.2 20.5 19.3 21.4 25.1 7

 8 Miscellaneous assets 1491.6 1709.3 1803.2 1986.4 2779.7 2715.8 8

 9 Investment in bank subsidiaries 897.0 1067.0 1197.8 1244.4 1413.5 1366.8 9

10 Investment in nonbank subsidiaries 384.0 407.4 344.4 386.4 909.0 893.4 10

11 Other 210.6 234.8 261.0 355.5 457.2 455.5 11

12 Total liabilities 627.6 764.2 876.7 985.4 1489.8 1436.0 12

13 Net interbank liabilities -18.5 -34.2 -85.1 -154.6 -100.0 -75.7 13

14 To domestic banks 8.6 34.2 25.5 -53.0 25.0 60.0 14

15 To foreign banks -27.1 -68.4 -110.6 -101.5 -125.1 -135.6 15

16 Federal funds and security RPs (net) 0.6 0.8 0.8 0.4 -47.7 -49.5 16

17 Credit market instruments 429.5 503.3 632.7 716.6 1089.5 1046.9 17

18 Commercial paper 57.1 81.7 116.7 77.7 60.8 64.7 18

19 Corporate bonds 372.4 421.5 516.0 638.9 1028.7 982.2 19

20 Miscellaneous liabilities 216.0 294.4 328.3 422.9 548.0 514.2 20

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

Billions of dollars

 1 Total financial assets 109.3 108.1 107.5 105.2 98.8 83.2 1

 2 Checkable deposits and currency 3.0 2.9 2.6 3.2 4.2 3.3 2

 3 Credit market instruments 101.0 99.3 92.8 90.9 88.1 68.9 3

 4 Treasury securities 3.9 3.7 1.8 1.2 0.5 1.1 4

 5 Agency- and GSE-backed securities 34.8 29.0 26.3 24.4 20.5 12.8 5

 6 Municipal securities 0.5 1.3 2.0 2.5 3.5 2.5 6

 7 Corporate and foreign bonds 0.8 0.4 0.5 0.5 2.0 0.6 7

 8 Bank loans n.e.c. 25.9 25.6 21.4 19.7 19.4 16.1 8

 9 Home mortgages 16.3 17.2 21.5 22.9 22.6 20.1 9

10 Commercial mortgages 18.8 22.0 19.3 19.7 19.6 15.7 10

11 Miscellaneous assets 5.3 5.9 12.1 11.1 6.5 11.0 11

12 Total liabilities 103.4 102.1 94.4 91.0 90.0 75.2 12

13 Checkable deposits 13.3 14.0 15.7 14.6 16.1 16.6 13

14 Small time and savings deposits 23.9 25.2 26.3 27.4 24.5 19.3 14

15 Large time deposits 23.9 25.2 26.3 27.4 24.5 19.3 15

16 Miscellaneous liabilities 42.2 37.7 26.2 21.7 25.0 20.0 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.
FFA, 2005-2010, March 8, 2012 67

L.114 Savings Institutions (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 1789.4 1714.8 1815.0 1523.5 1253.7 1244.1 1

 2 Reserves at Federal Reserve 2.7 2.0 2.6 39.0 45.5 44.8 2

 3 Checkable deposits and currency 23.7 20.4 20.0 8.7 4.5 2.2 3

 4 Time and savings deposits 2.7 6.6 9.9 8.3 15.3 15.3 4

 5 Federal funds and security RPs 9.0 18.3 45.6 34.7 12.0 5.4 5

 6 Credit market instruments 1617.1 1533.2 1596.1 1320.0 1070.4 1081.0 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Treasury securities 12.3 12.5 7.0 3.0 6.8 5.9 8

 9 Agency- and GSE-backed securities 192.3 177.0 177.4 173.8 193.4 216.4 9

10 Residential mortgage pass-through securities 116.0 98.4 104.2 106.1 93.2 105.7 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Residential CMOs and other structured MBS 30.7 32.8 31.3 36.9 47.0 59.2 12

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

14 Other 45.5 45.9 41.8 30.8 53.2 51.5 14

15 Municipal securities 9.0 11.2 11.0 7.8 9.2 11.1 15

16 Corporate and foreign bonds 80.2 92.7 142.2 108.5 84.5 73.9 16

17 Priv. residential mortgage pass-through securities 7.7 11.0 6.5 5.2 2.5 2.1 17

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

19 Priv. residential CMOs and other structured MBS 58.6 65.8 105.2 63.4 32.4 26.3 19

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

21 Other 13.9 16.0 30.4 39.9 49.4 45.3 21

22 Other loans and advances 61.5 67.5 73.7 80.1 65.6 72.0 22

23 Mortgages 1152.7 1076.8 1094.0 860.6 633.3 614.8 23

24 Consumer credit 109.1 95.5 90.8 86.3 77.5 86.8 24

25 Corporate equities 26.2 24.9 25.3 22.7 22.2 19.7 25

26 Miscellaneous assets 107.9 109.3 115.5 90.0 83.8 75.8 26

27 Total liabilities 1619.2 1535.8 1649.2 1395.7 1124.4 1105.4 27

28 Deposits 1066.8 1091.4 1104.6 948.6 895.3 909.2 28

29 Checkable 85.0 85.9 79.4 76.6 89.7 88.9 29

30 Small time and savings 618.5 647.5 638.1 578.5 667.9 662.7 30

31 Large time 363.3 358.0 387.1 293.5 137.7 157.6 31

32 Security RPs 61.0 41.8 17.6 17.6 53.6 47.6 32

33 Credit market instruments 427.3 319.1 423.3 356.1 152.3 127.4 33

34 Corporate bonds 8.7 10.7 10.4 2.4 2.3 2.7 34

35 Bank loans n.e.c. 93.1 48.6 62.0 75.0 11.0 9.8 35

36 Other loans and advances 325.5 259.8 350.9 278.7 139.1 114.9 36

37 Taxes payable 3.6 3.3 1.3 1.0 1.3 1.0 37

38 Miscellaneous liabilities 60.5 80.2 102.4 72.3 21.8 20.2 38

39 Investment by parent 22.7 10.7 10.9 13.4 24.0 23.0 39

40 Other 37.8 69.5 91.5 58.9 -2.2 -2.8 40

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
68 FFA, 2005-2010, March 8, 2012

L.115 Credit Unions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 685.7 716.2 758.7 812.4 882.7 912.0 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 4.7 22.8 36.9 2

 3 Checkable deposits and currency 38.1 44.4 43.3 37.6 39.1 32.8 3

 4 Time and savings deposits 21.9 17.0 17.0 28.3 37.8 43.4 4

 5 Federal funds and security RPs (net) 6.7 5.1 2.5 -2.3 0.1 0.0 5

 6 Credit market instruments 592.6 622.7 657.9 697.9 731.0 755.5 6

 7 Open market paper 0.8 1.0 0.4 0.0 0.0 0.0 7

 8 Treasury securities 7.7 7.4 10.4 8.8 14.2 20.0 8

 9 Agency- and GSE-backed securities 86.4 72.5 68.4 82.9 110.8 151.6 9

10 Corporate and foreign bonds 23.5 30.6 34.6 25.7 18.6 3.7 10

11 Other loans and advances 25.9 26.8 26.9 29.6 32.3 33.1 11

12 Home mortgages 219.7 249.7 281.5 314.7 317.9 320.8 12

13 Consumer credit 228.6 234.5 235.7 236.2 237.2 226.5 13

14 Mutual fund shares 2.2 2.1 2.1 2.0 1.3 1.5 14

15 Miscellaneous assets 24.2 24.9 35.9 44.2 50.6 41.9 15

16 Total liabilities 622.7 648.7 688.2 742.7 815.3 840.9 16

17 Shares/deposits 596.1 620.6 652.3 697.4 769.4 803.8 17

18 Checkable 81.1 72.6 73.7 75.3 86.9 92.4 18

19 Small time and savings 452.5 483.0 508.7 551.7 655.1 681.3 19

20 Large time 62.5 65.0 69.9 70.4 27.3 30.1 20

21 Other loans and advances 14.7 18.9 32.3 40.6 26.5 26.1 21

22 Miscellaneous liabilities 11.9 9.2 3.6 4.7 19.4 11.0 22

L.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Total financial assets 1246.3 1335.8 1385.8 1305.5 1384.5 1404.4 1

 2 Checkable deposits and currency 21.0 29.9 42.7 27.9 27.6 32.6 2

 3 Money market fund shares 12.8 13.5 20.7 32.8 29.6 25.6 3

 4 Security RPs 2.7 1.9 3.6 4.4 4.5 3.8 4

 5 Credit market instruments 819.3 864.1 869.3 853.4 886.7 890.6 5

 6 Open market paper 15.8 16.4 13.3 19.1 9.8 7.9 6

 7 Treasury securities 106.9 110.0 71.3 65.6 88.5 91.7 7

 8 Agency- and GSE-backed securities 117.9 122.0 125.8 114.3 116.2 115.8 8

 9 Municipal securities 313.2 335.2 371.3 381.9 369.4 348.4 9

10 Corporate and foreign bonds 262.8 277.0 282.9 267.5 298.3 322.6 10

11 Commercial mortgages 2.7 3.5 4.8 5.0 4.4 4.1 11

12 Corporate equities 199.5 227.0 236.2 193.3 219.8 219.2 12

13 Mutual fund shares 5.7 6.9 6.8 4.4 5.3 5.7 13

14 Trade receivables 82.1 87.0 85.4 86.7 83.0 83.8 14

15 Miscellaneous assets 103.3 105.5 121.1 102.6 128.0 143.1 15

16 Total liabilities 759.0 826.3 818.6 792.3 817.4 836.0 16

17 Security RPs 1.3 1.2 0.5 2.4 0.6 1.5 17

18 Taxes payable (net) -1.6 9.4 7.0 -21.1 -15.8 -10.1 18

19 Miscellaneous liabilities 759.3 815.7 811.1 811.0 832.6 844.6 19
FFA, 2005-2010, March 8, 2012 69

L.117 Life Insurance Companies

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 4350.7 4685.3 4949.7 4515.5 4823.9 5176.3 1

 2 Checkable deposits and currency 47.7 56.1 58.3 82.8 50.7 51.7 2

 3 Money market fund shares 13.5 23.3 21.6 39.2 33.7 21.0 3

 4 Security RPs 2.6 2.6 2.7 8.0 10.2 10.9 4

 5 Credit market instruments 2753.9 2786.4 2871.2 2882.8 3022.6 3174.2 5

 6 Open market paper 24.4 28.7 41.7 38.3 49.8 40.9 6

 7 Treasury securities 95.4 87.9 70.6 105.7 133.5 156.6 7

 8 Agency- and GSE-backed securities 368.5 377.4 382.9 366.2 371.9 376.0 8

 9 Municipal securities 32.5 36.6 41.4 47.1 73.1 112.3 9

10 Corporate and foreign bonds 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 10

11 Other loans and advances 122.8 132.6 145.8 166.1 140.9 140.7 11

12 Mortgages 285.5 303.8 326.2 342.4 326.1 317.5 12

13 Corporate equities 1161.8 1364.8 1464.6 1001.7 1208.5 1402.6 13

14 Mutual fund shares 109.0 148.8 188.4 121.0 140.8 155.7 14

15 Miscellaneous assets 262.1 303.3 342.9 380.1 357.6 360.3 15

16 Total liabilities 4088.4 4412.0 4661.7 4266.5 4532.5 4850.8 16

17 Security RPs 20.9 21.2 20.2 12.9 12.4 10.3 17

18 Other loans and advances 11.5 14.2 28.7 54.9 48.3 45.1 18

19 Life insurance reserves 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 19

20 Pension fund reserves (1) 2197.4 2332.4 2450.8 2184.6 2323.0 2504.7 20

21 Taxes payable (net) -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 21

22 Miscellaneous liabilities 824.0 925.9 1010.6 905.0 985.6 1089.8 22

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

L.118 Private Pension Funds (1)

Billions of dollars

 1 Total financial assets 5388.6 6082.8 6410.6 4552.7 5471.0 6097.8 1

 2 Checkable deposits and currency 10.8 11.2 11.8 12.3 16.4 28.0 2

 3 Time and savings deposits 62.2 63.1 67.7 67.9 72.7 77.1 3

 4 Money market fund shares 86.7 90.1 93.5 95.7 96.4 96.3 4

 5 Security RPs 21.6 22.4 25.8 33.1 36.2 37.1 5

 6 Credit market instruments 699.9 758.3 860.8 951.4 1063.0 1171.0 6

 7 Open market paper 31.5 31.7 26.9 37.2 26.7 15.0 7

 8 Treasury securities 116.5 130.8 169.5 184.9 310.7 486.7 8

 9 Agency- and GSE-backed securities 252.0 268.6 296.8 318.1 269.1 170.9 9

10 Corporate and foreign bonds 290.0 317.6 357.4 400.1 442.9 483.5 10

11 Mortgages 9.8 9.5 10.2 11.1 13.6 15.0 11

12 Corporate equities 2441.7 2724.8 2673.3 1599.7 1835.7 2012.4 12

13 Mutual fund shares 1585.4 1880.4 2110.6 1366.0 1817.3 2126.6 13

14 Miscellaneous assets 480.2 532.5 567.1 426.5 533.3 549.4 14

15 Unallocated insurance contracts (2) 338.4 387.9 431.3 317.6 412.8 457.5 15

16 Contributions receivable 44.8 42.8 47.2 47.9 50.5 49.2 16

17 Other 97.0 101.8 88.6 61.0 70.0 42.8 17

18 Pension fund reserves (liabilities) (3) 5427.8 6120.5 6444.8 4588.0 5507.4 6134.3 18

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

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

(3) Equal to the value of nonfinancial and financial assets. These liabilities are assets of the household sector.
70 FFA, 2005-2010, March 8, 2012

L.119 State and Local Government Employee Retirement Funds

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2721.4 3089.8 3198.8 2324.5 2673.7 2931.5 1

 2 Checkable deposits and currency 15.8 13.1 17.9 17.8 17.7 17.3 2

 3 Time and savings deposits 1.3 0.8 0.7 0.7 0.7 0.7 3

 4 Money market fund shares 11.7 13.8 12.4 14.3 14.3 13.9 4

 5 Security RPs 19.7 24.1 21.7 23.5 23.5 22.8 5

 6 Credit market instruments 693.4 808.0 820.3 833.5 824.7 816.5 6

 7 Open market paper 35.2 42.8 38.4 25.9 24.0 22.4 7

 8 Treasury securities 153.8 156.2 141.6 146.4 174.5 185.6 8

 9 Agency- and GSE-backed securities 258.4 307.8 331.1 337.5 306.9 285.2 9

10 Municipal securities 1.7 3.3 2.4 1.4 1.5 1.6 10

11 Corporate and foreign bonds 227.9 283.4 297.0 312.9 308.6 312.4 11

12 Mortgages 16.4 14.4 9.7 9.4 9.3 9.4 12

13 Corporate equities 1715.8 1926.1 2013.7 1237.9 1549.8 1782.5 13

14 Mutual fund shares 248.4 287.5 296.4 181.1 226.7 260.8 14

15 Miscellaneous assets 15.4 16.3 15.7 15.7 16.2 17.0 15

16 Pension fund reserves (liabilities) (1) 2763.4 3156.6 3297.9 2414.7 2759.8 3024.0 16

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

L.120 Federal Government Retirement Funds (1)

Billions of dollars

 1 Total financial assets 1071.5 1141.1 1197.2 1221.2 1324.4 1425.3 1

 2 Credit market instruments 76.0 84.3 96.1 120.3 127.7 138.7 2

 3 Treasury securities 68.4 76.7 88.0 112.3 119.1 129.2 3

 4 Agency- and GSE-backed securities 4.6 4.7 5.0 5.1 5.6 6.3 4

 5 Corporate and foreign bonds 2.9 2.9 3.0 2.9 3.0 3.2 5

 6 Corporate equities 112.6 138.1 149.1 85.6 119.4 143.7 6

 7 Miscellaneous assets (2) 882.9 918.7 952.0 1015.3 1077.2 1142.9 7

 8 Pension fund reserves (liabilities) (3) 1071.5 1141.1 1197.2 1221.2 1324.4 1425.3 8

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

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
FFA, 2005-2010, March 8, 2012 71

L.121 Money Market Mutual Funds (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 1

 2 Foreign deposits 94.7 84.1 127.3 129.3 97.1 105.9 2

 3 Checkable deposits and currency -0.9 6.7 1.9 7.5 17.9 14.2 3

 4 Time and savings deposits 183.0 206.7 270.6 355.2 573.2 468.0 4

 5 Security RPs 346.0 394.6 605.9 542.4 479.9 479.4 5

 6 Credit market instruments 1340.8 1560.8 1936.4 2675.0 2031.0 1621.0 6

 7 Open market paper 492.2 608.3 674.6 618.5 510.5 394.2 7

 8 Treasury securities 88.6 82.7 178.1 577.7 406.4 335.4 8

 9 Agency- and GSE-backed securities 160.1 131.4 235.9 756.2 543.0 402.8 9

10 Municipal securities 336.8 370.3 471.0 494.6 401.3 334.4 10

11 Corporate and foreign bonds 263.2 368.3 376.8 228.0 169.9 154.2 11

12 Miscellaneous assets 43.3 59.2 90.9 47.9 59.1 66.9 12

13 Total shares outstanding (liabilities) 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.122 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 1

 2 Security RPs 115.4 132.8 132.2 124.7 153.3 137.5 2

 3 Credit market instruments 1747.1 1932.0 2203.1 2276.4 2657.2 3031.4 3

 4 Open market paper 97.1 114.5 114.1 51.6 80.2 66.3 4

 5 Treasury securities 155.7 160.7 179.2 187.9 255.5 297.4 5

 6 Agency- and GSE-backed securities 483.4 499.1 565.4 592.7 639.1 791.1 6

 7 Municipal securities 311.7 344.4 372.2 389.6 480.2 526.6 7

 8 Corporate and foreign bonds 662.7 767.0 889.9 959.9 1126.8 1275.4 8

 9 Other loans and advances 36.5 46.3 82.4 94.8 75.4 74.6 9

10 Corporate equities 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 10

11 Miscellaneous assets 10.7 14.0 16.8 20.0 14.9 2.9 11

12 Total shares outstanding (liabilities) 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 12

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.123 Closed-End and Exchange-Traded Funds

Billions of dollars

 Closed-end funds

 1 Total financial assets 270.8 293.3 315.8 201.2 225.5 239.5 1

 2 Credit market instruments 165.8 171.8 170.9 129.9 139.5 144.4 2

 3 Treasury securities 7.1 7.4 5.6 3.2 4.3 5.1 3

 4 Municipal securities 89.4 89.4 91.3 77.9 81.2 81.3 4

 5 Corporate and foreign bonds 69.3 75.1 74.0 48.7 54.0 58.1 5

 6 Corporate equities 105.0 121.5 144.9 71.3 86.0 95.1 6

 7 Total shares outstanding (liabilities) 270.8 293.3 315.8 201.2 225.5 239.5 7

 Exchange-traded funds

 8 Total financial assets 300.8 422.8 607.7 530.9 772.9 986.5 8

 9 Credit market instruments 15.0 20.7 34.0 57.0 102.9 132.6 9

10 Treasury securities 9.7 13.1 19.7 27.0 41.7 51.0 10

11 Municipal securities 0.0 0.0 0.6 2.3 5.9 7.6 11

12 Corporate and foreign bonds 5.3 7.6 13.8 27.7 55.3 74.0 12

13 Corporate equities 285.8 402.0 573.7 473.9 669.9 853.9 13

14 Total shares outstanding (liabilities) 300.8 422.8 607.7 530.9 772.9 986.5 14
72 FFA, 2005-2010, March 8, 2012

L.124 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2819.4 2872.9 3174.3 3407.9 3047.3 6721.1 1

 2 Checkable deposits and currency 14.6 16.4 13.7 88.3 99.4 63.4 2

 3 Time and savings deposits 35.3 33.9 46.6 68.5 25.7 26.1 3

 4 Federal funds and security RPs (net) 107.7 117.4 142.7 114.5 122.1 150.0 4

 5 Credit market instruments 2543.9 2590.5 2829.5 3037.5 2699.7 6333.1 5

 6 Open market paper 13.8 32.4 27.7 6.8 9.7 9.9 6

 7 Treasury securities 13.1 14.2 15.5 16.8 21.9 55.2 7

 8 Agency- and GSE-backed securities 751.1 714.0 702.9 910.0 924.5 377.0 8

 9 Municipal securities 39.7 36.1 33.3 31.3 29.1 24.9 9

10 Corporate and foreign bonds 465.7 481.7 464.4 386.6 310.8 293.9 10

11 Other loans and advances 671.8 704.9 942.6 980.7 695.9 551.3 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 51.6 63.5 75.5 80.3 80.0 87.3 13

14 FHLB 620.2 641.4 867.1 900.5 615.9 464.0 14

15 Mortgages 588.8 607.2 643.1 705.3 707.7 5021.0 15

16 Home 453.9 457.6 447.9 456.6 445.4 4701.5 16

17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4141.0 17

18 Other 453.9 457.6 447.9 456.6 445.4 560.5 18

19 Multifamily residential 93.0 105.4 147.7 190.2 204.4 256.5 19

20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 75.4 20

21 Other 93.0 105.4 147.7 190.2 204.4 181.1 21

22 Farm 42.0 44.2 47.6 58.5 57.9 63.0 22

23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 117.8 114.7 141.7 99.1 100.3 148.6 24

25 Total liabilities 2734.0 2781.2 3081.3 3390.2 2977.0 6589.1 25

26 Credit market instruments 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 26

27 GSE issues (4) 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 27

28 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 4216.4 28

29 Other 2592.2 2627.8 2910.2 3181.9 2706.6 2218.1 29

30 U.S. government loans 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Miscellaneous liabilities 141.8 153.4 171.1 208.2 270.4 154.6 31

(1) Federal Home Loan Banks, Fannie Mae, Freddie Mac, Farmer Mac, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation. The Student Loan Marketing Association

 (Sallie Mae) was included until it was fully privatized in 2004:Q4. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools (table L.125) are consolidated on Fannie Mae’s and

 Freddie Mac’s balance sheets.

(2) Consolidated trusts refers to the unpaid balance of securitized mortgages Fannie Mae and Freddie Mac moved on to their balance sheets at the beginning of 2010 in response to new accounting rules.

(3) Sallie Mae student loans.

(4) Such issues are classified as agency- and GSE-backed securities.

L.125 Agency- and GSE-Backed Mortgage Pools (1)

Billions of dollars

 1 Total financial assets 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 1

 2 Home mortgages 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 2

 3 Multifamily residential mortgages 101.3 88.8 88.1 92.8 105.7 66.9 3

 4 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Farm mortgages 0.8 3.2 4.5 4.7 4.5 3.8 5

 6 Total pool securities (liabilities)(2) 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 6

(1) GNMA, Fannie Mae, Freddie Mac, Farmer Mac, and Farmers Home Administration pools. Beginning 2010:Q1, almost all Fannie Mae and Freddie Mac mortgage pools are consolidated on Fannie

 Mae’s and Freddie Mac’s balance sheets (table L.124). Also includes agency- and GSE-backed mortgage pool securities which are used as collateral for agency- and GSE-backed CMOs and privately

 issued CMOs. Excludes Federal Financing Bank holdings of pool securities, which are included with federal government mortgages and other loans and advances.

(2) Such issues are classified as agency- and GSE-backed securities.
FFA, 2005-2010, March 8, 2012 73

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 3389.1 4201.0 4541.5 4133.8 3290.2 2337.0 1

 2 Treasury securities 27.7 61.1 85.8 72.2 53.9 40.1 2

 3 Agency- and GSE-backed securities (1) 327.0 347.9 376.5 349.5 120.3 13.4 3

 4 Other loans and advances 188.3 253.4 341.9 379.8 252.2 201.0 4

 5 Mortgages (2) 2136.4 2769.4 2942.0 2590.4 2224.7 1898.9 5

 6 Home 1629.9 2150.2 2184.4 1872.5 1554.0 1281.9 6

 7 Multifamily residential 89.4 103.4 124.0 113.2 107.4 98.7 7

 8 Commercial 417.1 515.8 633.6 604.7 563.3 518.3 8

 9 Consumer credit 609.9 661.1 683.7 646.4 577.9 131.7 9

10 Trade credit 99.8 108.3 111.7 95.5 61.3 51.8 10

11 Total liabilities 3393.2 4204.6 4544.7 4136.5 3292.6 2339.0 11

12 Commercial paper 674.4 837.4 643.1 559.3 293.1 120.2 12

13 Corporate bonds (net) (3) 2718.8 3367.3 3901.5 3577.3 2999.5 2218.8 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 4.2 3.6 3.1 2.7 2.3 2.0 14

15 REIT assets (5) 107.3 110.0 92.1 45.4 20.1 20.5 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 112.9 16

(1) Agency- and GSE-backed mortgage pool securities backing privately issued CMOs.

(2) Mortgages backing privately issued pool securities and privately issued CMOs.

(3) Liabilities net of assets.

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

 The leased automobile is a nonfinancial asset.

(5) Included in table L.128.

(6) Included in table L.110 line 41.

L.127 Finance Companies (1)

Billions of dollars

 1 Total financial assets 1856.9 1891.3 1911.2 1851.7 1662.5 1590.0 1

 2 Checkable deposits and currency 17.4 15.8 16.2 16.5 17.0 15.3 2

 3 Time and savings deposits 52.2 47.4 48.6 49.4 51.0 45.9 3

 4 Credit market instruments 1740.6 1811.6 1828.2 1755.9 1532.6 1482.8 4

 5 Corporate and foreign bonds 203.5 184.8 189.4 192.4 198.6 179.0 5

 6 Other loans and advances 479.2 498.0 523.0 539.9 448.9 441.0 6

 7 Mortgages 541.4 594.4 531.9 447.9 397.4 344.2 7

 8 Consumer credit 516.5 534.4 584.1 575.8 487.8 518.6 8

 9 Miscellaneous assets 46.7 16.4 18.2 30.0 61.9 46.0 9

10 Total liabilities 1828.3 1876.8 1949.6 1880.5 1630.3 1536.7 10

11 Credit market instruments 1108.6 1144.2 1279.6 1200.3 1044.1 962.1 11

12 Open market paper 160.0 165.3 123.5 100.9 62.1 63.8 12

13 Corporate bonds 806.5 849.7 974.1 924.5 837.5 818.7 13

14 Bank loans n.e.c. 142.1 129.2 182.0 174.9 144.5 79.6 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 16.9 17.0 15.5 15.4 12.7 12.9 16

17 Miscellaneous liabilities 702.8 715.7 654.4 664.8 573.6 561.7 17

18 Foreign direct investment in U.S. 38.8 51.1 68.6 78.1 75.0 83.6 18

19 Investment by parent 312.2 338.5 321.4 313.0 280.5 264.6 19

20 Other 351.8 326.0 264.4 273.7 218.1 213.5 20

 Memo:

21 Consumer leases not included above (2) 85.3 106.0 122.9 111.1 85.4 72.7 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.126.
74 FFA, 2005-2010, March 8, 2012

L.128 Real Estate Investment Trusts (REITs)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 305.8 344.5 318.5 250.6 241.2 283.0 1

 2 Checkable deposits and currency 13.6 18.4 16.6 18.4 26.3 23.5 2

 3 Credit market instruments 240.3 266.4 246.5 177.6 168.9 206.0 3

 4 Agency- and GSE-backed securities 40.6 65.4 88.9 89.6 105.1 143.3 4

 5 Corporate and foreign bonds 53.0 64.6 34.4 11.7 15.5 20.8 5

 6 Mortgages 146.7 136.3 123.1 76.3 48.3 41.9 6

 7 Home 127.9 104.2 80.7 34.3 12.6 8.9 7

 8 Multifamily residential 1.9 5.0 5.2 4.3 2.3 1.9 8

 9 Commercial 16.8 27.1 37.3 37.7 33.4 31.2 9

10 Miscellaneous assets 51.9 59.7 55.4 54.6 46.1 53.5 10

11 Total liabilities 534.2 571.8 580.5 511.6 458.8 501.7 11

12 Security RPs 83.5 97.9 91.7 79.4 90.4 120.5 12

13 Credit market instruments 395.5 411.0 421.2 367.4 317.4 315.2 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 216.7 230.6 231.3 171.0 129.8 129.7 15

16 Bank loans n.e.c. 33.3 28.4 33.2 32.8 20.7 18.5 16

17 Mortgages 145.5 152.1 156.7 163.5 166.9 167.1 17

18 Miscellaneous liabilities 55.3 63.0 67.6 64.9 51.1 66.0 18

 Memo:

19 Securitized assets included above 107.3 110.0 92.1 45.4 20.1 20.5 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 102.5 92.7 72.4 31.8 6.1 7.2 21

22 Multifamily residential mortgages 0.1 0.4 0.4 0.4 0.4 0.4 22

23 Commercial mortgages 4.7 17.0 19.3 13.2 13.7 13.0 23
FFA, 2005-2010, March 8, 2012 75

L.129 Security Brokers and Dealers

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2127.1 2741.7 3092.0 2217.2 2084.2 2075.1 1

 2 Checkable deposits and currency 56.5 80.5 105.0 120.1 90.7 96.9 2

 3 Credit market instruments 477.2 583.4 803.1 717.4 525.3 557.5 3

 4 Open market paper 60.2 64.3 87.1 65.7 41.5 36.2 4

 5 Treasury securities -64.6 -67.0 -60.0 190.6 123.0 94.5 5

 6 Agency- and GSE-backed securities 101.0 138.0 290.2 242.6 110.9 149.8 6

 7 Municipal securities 42.9 50.9 50.1 38.7 35.4 40.0 7

 8 Corporate and foreign bonds 315.7 355.5 382.8 123.8 154.4 189.5 8

 9 Other loans and advances 22.0 41.7 52.8 55.9 60.1 47.4 9

10 Corporate equities 158.3 186.4 224.8 109.2 124.2 117.2 10

11 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 11

12 Miscellaneous assets 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 12

13 Total liabilities 2052.6 2669.1 3019.4 2158.1 1987.8 1990.2 13

14 Security RPs (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 14

15 Credit market instruments 62.4 68.8 64.8 142.6 92.9 129.7 15

16 Corporate bonds 62.4 68.8 64.8 97.1 92.9 129.7 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 45.5 0.0 0.0 17

18 Trade payables 43.1 48.3 45.8 21.2 70.1 18.1 18

19 Security credit 806.0 957.8 1200.9 963.6 888.2 936.6 19

20 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 20

21 From U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 152.3 21

22 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 22

23 Taxes payable 2.1 2.8 2.2 2.5 5.7 3.6 23

24 Miscellaneous liabilities 405.5 519.5 558.4 441.4 460.1 497.5 24

25 Foreign direct investment in U.S. 49.9 61.0 62.6 72.1 74.5 103.0 25

26 Due to affiliates 544.5 596.5 560.4 626.1 1158.5 1142.8 26

27 Other -188.9 -137.9 -64.6 -256.8 -773.0 -748.2 27

(1) Loans extended through the Federal Reserve’s Primary Dealer Credit Facility (PDCF) and the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).

L.130 Funding Corporations (1)

Billions of dollars

 1 Total financial assets 1347.9 1481.4 1861.7 2869.6 2415.5 2277.0 1

 2 Money market fund shares 423.0 468.9 794.3 1068.3 893.0 724.0 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.1 0.1 3

 4 Credit market instruments 322.2 378.7 316.0 1007.7 770.9 846.8 4

 5 Open market paper 244.1 304.2 125.2 304.6 37.8 65.2 5

 6 Corporate and foreign bonds 67.5 60.4 170.0 667.3 710.2 760.1 6

 7 Other loans and advances 10.6 14.1 20.8 35.9 22.9 21.4 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 25.1 26.4 8

 9 Miscellaneous assets 602.8 633.9 751.5 793.5 726.3 679.8 9

10 Investment in foreign banking offices 188.8 197.3 241.0 276.6 203.1 171.6 10

11 Investment in brokers and dealers 414.0 436.5 510.5 516.9 523.2 508.2 11

12 Total liabilities 1347.9 1481.4 1861.7 2869.6 2415.5 2277.0 12

13 Credit market instruments 619.9 645.3 786.4 1252.8 816.8 751.4 13

14 Open market paper 274.5 278.3 367.9 388.0 261.7 214.3 14

15 Corporate bonds 345.3 367.0 418.5 419.9 457.8 454.6 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 444.9 95.3 73.4 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 2.0 9.2 17

18 Miscellaneous liabilities 728.0 836.1 1075.3 1616.7 1598.7 1525.5 18

19 Foreign direct investment in U.S. 8.4 9.0 9.6 10.2 10.8 11.4 19

20 Securities loaned (net) 939.7 1242.3 1240.2 887.0 856.8 733.4 20

21 Equity interest under PPIP 0.0 0.0 0.0 0.0 1.8 7.7 21

22 Other (net) -220.1 -415.2 -174.5 719.5 729.3 773.1 22

(1) Funding subsidiaries, nonbank financial holding companies, custodial accounts for reinvested collateral of securities lending operations, Federal Reserve lending facilities,

 and funds associated with the Public-Private Investment Program (PPIP).

(2) Common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG.

(3) Loans extended by the Federal Reserve to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, Commercial Paper Funding Facility LLC, and American International Group (AIG).

(4) Loans extended by the federal government to the Term Asset-Backed Securities Loan Facility (TALF) and to funds associated with PPIP.
76 FFA, 2005-2010, March 8, 2012

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 61.1 62.2 67.3 74.2 175.1 175.8 1

 2 Federal government: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 2

 3 Rest of the world 54.1 54.9 59.5 66.6 119.7 121.4 3

 4 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 4

 5 Reserve position in IMF (net) 8.0 5.0 4.2 7.7 11.4 12.5 5

 6 Foreign currency holdings 37.8 40.9 45.8 49.6 50.5 52.1 6

 7 Total assets 72.1 73.3 78.3 85.2 186.1 186.8 7

 8 Federal government 35.3 34.5 36.4 41.9 94.6 95.4 8

 9 Monetary gold (2) 0.0 0.0 0.0 0.0 0.0 0.0 9

10 SDR holdings 8.2 8.9 9.5 9.3 57.8 56.8 10

11 Reserve position in IMF (net) 8.1 5.2 4.4 7.8 11.5 12.6 11

12 Foreign currency holdings 18.9 20.5 22.5 24.8 25.2 26.0 12

13 Rest of the world: SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 13

14 Monetary authority 29.9 31.4 34.2 35.7 36.2 37.0 14

15 Monetary gold (2) 11.0 11.0 11.0 11.0 11.0 11.0 15

16 Reserve position in IMF (net) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

17 Foreign currency holdings 18.9 20.5 23.3 24.8 25.3 26.1 17

18 Discrepancy: monetary gold -11.0 -11.0 -11.0 -11.0 -11.0 -11.0 18

(1) Includes federal government liability to IMF for special drawing rights (SDRs) allocations and accrued interest.

(2) By international accounting standards, monetary gold is a financial asset for which there is no corresponding liability.

L.201 Special Drawing Rights (SDRs) Certificates and Treasury Currency

Billions of dollars

 SDR certificates:

 1 Liab: Federal government 2.2 2.2 2.2 2.2 5.2 5.2 1

 2 Asset: Monetary authority 2.2 2.2 2.2 2.2 5.2 5.2 2

 Treasury currency:

 3 Liab: Federal government 27.5 28.1 27.4 26.6 26.2 25.9 3

 4 Asset: Monetary authority 36.5 38.2 38.7 38.7 42.7 43.5 4

 5 Discrepancy (seigniorage) -9.1 -10.1 -11.3 -12.1 -16.5 -17.6 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 997.8 1085.0 1340.9 946.7 840.6 912.3 1

 Held by:

 2 Household sector 59.9 65.2 80.5 56.9 50.5 54.8 2

 3 Nonfinancial corporate business 63.6 49.3 50.3 24.7 31.5 72.0 3

 4 Money market mutual funds 94.7 84.1 127.3 129.3 97.1 105.9 4

 5 Discrepancy--unallocated assets 779.5 886.3 1082.9 735.8 661.4 679.6 5
FFA, 2005-2010, March 8, 2012 77

L.203 Net Interbank Transactions

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 197.4 186.1 88.6 1890.5 1281.5 1091.6 1

 2 Monetary authority 69.1 70.4 75.8 917.7 1031.9 1020.8 2

 3 U.S.-chartered commercial banks 288.5 363.0 502.0 1291.0 672.2 420.9 3

 4 Foreign banking offices in U.S. -141.7 -213.0 -404.1 -163.7 -322.5 -274.4 4

 5 Bank holding companies -18.5 -34.2 -85.1 -154.6 -100.0 -75.7 5

 6 Net change in assets 176.1 166.8 67.5 1838.9 1195.4 1029.8 6

 7 Rest of the world 106.0 96.7 -56.9 362.9 69.0 10.2 7

 8 Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 8

 9 U.S.-chartered commercial banks 65.5 67.8 72.2 635.1 679.5 588.4 9

10 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 10

11 Savings institutions 2.7 2.0 2.6 39.0 45.5 44.8 11

12 Credit unions 0.0 0.0 0.0 4.7 22.8 36.9 12

13 Discrepancy 21.3 19.3 21.1 51.7 86.1 61.8 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 50.1 51.7 55.0 57.7 54.9 52.7 14

15 Asset: U.S.-chartered commercial banks 50.1 51.7 55.0 57.7 54.9 52.7 15

 Depository institution reserves:

16 Liab.: Monetary authority 19.0 18.7 20.8 860.0 977.0 968.1 16

17 Asset: U.S.-chartered commercial banks 15.4 16.1 17.2 577.4 624.6 535.7 17

18 Foreign banking offices in U.S. 0.9 0.6 1.0 239.0 284.1 350.8 18

19 Savings institutions 2.7 2.0 2.6 39.0 45.5 44.8 19

20 Credit unions 0.0 0.0 0.0 4.7 22.8 36.9 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks 1.0 -0.3 48.6 558.2 94.5 -1.2 21

22 Federal Reserve float 0.9 -0.3 -0.0 -1.5 -2.1 -1.4 22

23 Loans to member banks 0.1 0.1 48.6 559.7 96.6 0.2 23

24 Asset: Monetary authority 1.0 -0.3 48.6 558.2 94.5 -1.2 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 320.9 432.3 496.2 668.8 559.6 476.2 25

26 Due to foreign affiliates 487.7 586.4 650.7 782.2 760.8 783.5 26

27 - Due from foreign affiliates 166.8 154.2 154.5 113.3 201.3 307.3 27

28 Foreign banking offices in U.S. (net) -176.0 -255.2 -424.0 -179.6 -350.9 -306.9 28

29 Due to foreign affiliates 333.9 524.5 529.0 536.4 538.9 635.6 29

30 - Due from foreign affiliates 509.9 779.7 953.0 716.1 889.8 942.5 30

31 Bank holding companies (net) -27.1 -68.4 -110.6 -101.5 -125.1 -135.6 31

32 Due to foreign affiliates 42.2 19.7 51.6 143.6 127.9 120.4 32

33 - Due from foreign affiliates 69.4 88.1 162.2 245.1 253.0 256.0 33

34 Less: Deposits at foreign banks 11.7 12.0 18.6 24.7 14.6 23.4 34

35 U.S.-chartered commercial banks 11.0 11.9 17.9 24.5 9.3 14.9 35

36 Foreign banking offices in U.S. 0.7 0.1 0.7 0.3 5.4 8.5 36

37 Asset: Rest of the world (1) 106.0 96.7 -56.9 362.9 69.0 10.2 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) -22.3 -57.1 -24.9 88.5 27.4 -39.2 38

39 Due to (3): 105.6 118.7 135.1 118.2 141.0 113.7 39

40 Foreign banking offices in U.S. 82.9 97.8 113.2 65.8 43.6 41.9 40

41 Bank holding companies 1.4 1.6 0.8 0.7 11.2 10.0 41

42 - Due from: 128.0 175.8 160.1 29.8 113.6 152.9 42

43 Foreign banking offices in U.S. 117.9 140.0 133.7 82.1 77.4 82.9 43

44 Bank holding companies 10.0 35.8 26.4 -52.3 36.3 69.9 44

45 Unallocated (2) 21.3 19.3 21.1 51.7 86.1 61.8 45

(1) Sum of lines 25, 28, and 31 less line 34.

(2) Interbank transactions between U.S. banks should net to zero and thus are not shown in lines 1 through 12 above. However, the unallocated amount (line 45), which is due to inconsistencies

 in source data, appears on line 13 as the discrepancy between liabilities and assets.

(3) Sum of lines 40, 41, and 45.
78 FFA, 2005-2010, March 8, 2012

L.204 Checkable Deposits and Currency

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 1

 2 Monetary authority 750.8 774.3 792.1 1220.3 1102.7 1287.8 2

 3 Federal government cash and deposits 4.8 5.0 16.4 365.7 191.9 340.9 3

 4 Due to government-sponsored enterprises 2.0 0.8 1.7 21.1 35.1 13.5 4

 5 Deposits due to foreign 0.1 0.1 0.1 1.4 2.4 3.4 5

 6 Currency outside banks 743.9 768.5 773.9 832.2 873.3 930.0 6

 7 U.S.-chartered commercial banks 587.7 551.2 560.2 700.9 781.9 852.2 7

 8 Federal government deposits 33.9 28.0 42.9 3.5 3.8 3.6 8

 9 Deposits due to foreign 17.4 26.8 31.7 62.9 34.3 30.4 9

10 Private domestic deposits 536.5 496.4 485.5 634.6 743.8 818.1 10

11 Foreign banking offices in U.S. 9.3 9.3 11.8 13.5 16.1 21.9 11

12 Deposits due to foreign 2.3 2.1 2.3 4.7 10.5 14.6 12

13 Private domestic deposits 7.0 7.2 9.5 8.8 5.6 7.3 13

14 Banks in U.S.-affiliated areas 13.3 14.0 15.7 14.6 16.1 16.6 14

15 Savings institutions 85.0 85.9 79.4 76.6 89.7 88.9 15

16 Credit unions 81.1 72.6 73.7 75.3 86.9 92.4 16

17 Total assets 1527.2 1507.3 1532.9 2101.3 2093.4 2359.8 17

18 Household sector 216.9 173.1 90.3 292.0 330.3 185.3 18

19 Nonfinancial business 646.2 604.5 662.9 558.0 705.8 963.6 19

20 Corporate 272.0 155.8 147.3 38.6 166.0 445.0 20

21 Noncorporate 374.1 448.8 515.6 519.4 539.8 518.6 21

22 State and local governments 56.5 61.9 57.1 65.6 84.9 91.5 22

23 Federal government 36.8 32.9 56.5 368.0 193.6 342.1 23

24 Rest of the world 300.1 311.6 306.1 370.1 361.0 390.5 24

25 Checkable deposits 19.7 28.9 34.2 69.0 47.2 48.4 25

26 Currency 280.4 282.6 272.0 301.1 313.8 342.1 26

27 Financial sectors 261.5 315.8 350.0 441.0 411.6 381.1 27

28 Banks in U.S.-affiliated areas 3.0 2.9 2.6 3.2 4.2 3.3 28

29 Savings institutions 23.7 20.4 20.0 8.7 4.5 2.2 29

30 Credit unions 38.1 44.4 43.3 37.6 39.1 32.8 30

31 Property-casualty insurance companies 21.0 29.9 42.7 27.9 27.6 32.6 31

32 Life insurance companies 47.7 56.1 58.3 82.8 50.7 51.7 32

33 Private pension funds 10.8 11.2 11.8 12.3 16.4 28.0 33

34 State and local govt. retirement funds 15.8 13.1 17.9 17.8 17.7 17.3 34

35 Money market mutual funds -0.9 6.7 1.9 7.5 17.9 14.2 35

36 Government-sponsored enterprises 14.6 16.4 13.7 88.3 99.4 63.4 36

37 Finance companies 17.4 15.8 16.2 16.5 17.0 15.3 37

38 REITs 13.6 18.4 16.6 18.4 26.3 23.5 38

39 Brokers and dealers 56.5 80.5 105.0 120.1 90.7 96.9 39

40 Mail float 9.2 7.5 10.0 6.4 6.3 5.7 40
FFA, 2005-2010, March 8, 2012 79

L.205 Time and Savings Deposits 

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 6387.6 6995.8 7606.7 7940.9 8316.3 8432.4 1

 2 Small time and savings deposits 4598.1 4945.1 5224.5 5749.3 6326.5 6624.9 2

 3 U.S.-chartered commercial banks 3493.1 3770.9 4025.9 4566.2 4949.1 5225.9 3

 4 Foreign banking offices in U.S. 10.0 18.6 25.5 25.6 29.9 35.7 4

 5 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 5

 6 Savings institutions 618.5 647.5 638.1 578.5 667.9 662.7 6

 7 Credit unions 452.5 483.0 508.7 551.7 655.1 681.3 7

 8 Large time deposits (1) 1789.5 2050.8 2382.2 2191.6 1989.8 1807.5 8

 9 U.S.-chartered commercial banks 838.1 968.0 991.1 1015.6 841.7 691.6 9

10 Foreign banking offices in U.S. 501.7 634.5 907.9 784.7 958.6 909.0 10

11 Banks in U.S.-affiliated areas 23.9 25.2 26.3 27.4 24.5 19.3 11

12 Savings institutions 363.3 358.0 387.1 293.5 137.7 157.6 12

13 Credit unions 62.5 65.0 69.9 70.4 27.3 30.1 13

14 Total assets 6387.6 6995.8 7606.7 7940.9 8316.3 8432.4 14

15 Household sector 4913.9 5400.4 5888.5 6082.8 6190.0 6420.3 15

16 Nonfinancial business 774.5 841.4 800.7 740.0 842.1 810.5 16

17 Corporate 450.4 497.0 441.3 381.9 488.8 471.6 17

18 Noncorporate 324.1 344.4 359.3 358.1 353.3 338.9 18

19 State and local governments 183.3 209.6 245.9 265.1 275.9 275.5 19

20 Federal government 1.4 1.7 2.8 1.6 1.9 2.0 20

21 Rest of the world 155.9 167.4 207.6 273.1 230.0 247.7 21

22 Financial sectors 358.7 375.5 461.1 578.4 776.4 676.5 22

23 Savings institutions 2.7 6.6 9.9 8.3 15.3 15.3 23

24 Credit unions 21.9 17.0 17.0 28.3 37.8 43.4 24

25 Private pension funds 62.2 63.1 67.7 67.9 72.7 77.1 25

26 State and local govt. retirement funds 1.3 0.8 0.7 0.7 0.7 0.7 26

27 Money market mutual funds 183.0 206.7 270.6 355.2 573.2 468.0 27

28 Government-sponsored enterprises 35.3 33.9 46.6 68.5 25.7 26.1 28

29 Finance companies 52.2 47.4 48.6 49.4 51.0 45.9 29

(1) Large time deposits are those issued in amounts of $100,000 or more.

L.206 Money Market Mutual Fund Shares

Billions of dollars

 1 Total assets 2006.9 2312.1 3033.1 3757.3 3258.3 2755.3 1

 2 Household sector 949.2 1114.5 1346.7 1581.8 1313.1 1129.7 2

 3 Nonfinancial corporate business 348.2 416.3 544.4 702.6 646.1 517.5 3

 4 Nonfinancial noncorporate business 69.0 72.2 74.3 75.4 73.7 70.7 4

 5 State and local governments 69.8 72.7 79.3 77.5 81.6 86.9 5

 6 Rest of the world 23.0 27.0 46.0 69.7 76.9 69.8 6

 7 Property-casualty insurance companies 12.8 13.5 20.7 32.8 29.6 25.6 7

 8 Life insurance companies 13.5 23.3 21.6 39.2 33.7 21.0 8

 9 Private pension funds 86.7 90.1 93.5 95.7 96.4 96.3 9

10 State and local govt. retirement funds 11.7 13.8 12.4 14.3 14.3 13.9 10

11 Funding corporations 423.0 468.9 794.3 1068.3 893.0 724.0 11
80 FFA, 2005-2010, March 8, 2012

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 1748.5 2151.7 2159.8 1270.3 1452.4 1227.4 1

 2 Monetary authority 30.5 29.6 44.0 88.4 77.7 59.7 2

 3 U.S.-chartered commercial banks (net) 626.1 647.5 611.4 352.4 624.0 409.5 3

 4 Foreign banking offices in U.S. (net) 190.9 239.9 226.3 130.0 170.3 223.2 4

 5 Bank holding companies (net) 0.6 0.8 0.8 0.4 -47.7 -49.5 5

 6 Savings institutions 61.0 41.8 17.6 17.6 53.6 47.6 6

 7 Property-casualty insurance companies 1.3 1.2 0.5 2.4 0.6 1.5 7

 8 Life insurance companies 20.9 21.2 20.2 12.9 12.4 10.3 8

 9 REITs 83.5 97.9 91.7 79.4 90.4 120.5 9

10 Brokers and dealers (net) 733.6 1071.8 1147.3 586.9 470.9 404.7 10

11 Total assets 1061.4 1283.2 1531.8 1237.7 1041.5 931.7 11

12 Nonfinancial corporate business 14.6 15.5 8.1 7.2 7.9 12.2 12

13 State and local governments 137.5 143.0 156.1 152.6 160.6 171.2 13

14 Rest of the world (net) 231.2 364.6 338.4 114.9 31.0 -98.6 14

15 Monetary authority 46.8 40.8 46.5 80.0 0.0 0.0 15

16 Savings institutions 9.0 18.3 45.6 34.7 12.0 5.4 16

17 Credit unions (net) 6.7 5.1 2.5 -2.3 0.1 0.0 17

18 Property-casualty insurance companies 2.7 1.9 3.6 4.4 4.5 3.8 18

19 Life insurance companies 2.6 2.6 2.7 8.0 10.2 10.9 19

20 Private pension funds 21.6 22.4 25.8 33.1 36.2 37.1 20

21 State and local govt. retirement funds 19.7 24.1 21.7 23.5 23.5 22.8 21

22 Money market mutual funds 346.0 394.6 605.9 542.4 479.9 479.4 22

23 Mutual funds 115.4 132.8 132.2 124.7 153.3 137.5 23

24 Government-sponsored enterprises (net) 107.7 117.4 142.7 114.5 122.1 150.0 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.1 0.1 25

26 Discrepancy--unallocated assets 687.0 868.5 628.0 32.6 410.9 295.6 26

L.208 Open Market Paper

Billions of dollars

 1 Total outstanding, all types 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 1

 2 Commercial paper 1640.1 1957.5 1788.1 1599.3 1137.4 1057.5 2

 3 Nonfinancial corporate business 90.1 112.5 123.8 131.5 58.4 82.9 3

 4 Foreign issues in U.S. 384.0 482.3 413.0 342.0 401.3 398.6 4

 5 Nonfinancial 29.0 27.0 29.0 49.7 34.5 30.6 5

 6 Financial 355.0 455.3 384.0 292.3 366.8 368.0 6

 7 Financial business 1166.1 1362.7 1251.3 1125.8 677.6 575.9 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 112.9 8

 9 Bank holding companies 57.1 81.7 116.7 77.7 60.8 64.7 9

10 ABS issuers 674.4 837.4 643.1 559.3 293.1 120.2 10

11 Finance companies 160.0 165.3 123.5 100.9 62.1 63.8 11

12 REITs 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Funding corporations 274.5 278.3 367.9 388.0 261.7 214.3 13

14 Bankers’ acceptances (1) 4.1 0.5 0.5 0.0 0.0 0.0 14

15 U.S.-chartered commercial banks 3.3 0.0 0.0 0.0 0.0 0.0 15

16 Foreign banking offices in U.S. 0.8 0.5 0.5 0.0 0.0 0.0 16

17 Holdings, by sector 1644.2 1958.0 1788.6 1599.3 1137.4 1057.5 17

18 Household sector 98.4 117.5 107.3 6.0 34.6 63.4 18

19 Nonfinancial corporate business 111.0 122.7 69.5 57.3 56.0 71.4 19

20 State and local governments 180.0 187.3 184.3 119.8 65.3 72.2 20

21 Rest of the world 239.6 286.3 278.1 232.9 191.5 192.3 21

22 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 22

23 U.S.-chartered commercial banks (1) 0.0 0.0 0.0 15.7 0.0 0.0 23

24 Foreign banking offices in U.S. (1) 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Credit unions 0.8 1.0 0.4 0.0 0.0 0.0 26

27 Property-casualty insurance companies 15.8 16.4 13.3 19.1 9.8 7.9 27

28 Life insurance companies 24.4 28.7 41.7 38.3 49.8 40.9 28

29 Private pension funds 31.5 31.7 26.9 37.2 26.7 15.0 29

30 State and local govt. retirement funds 35.2 42.8 38.4 25.9 24.0 22.4 30

31 Money market mutual funds 492.2 608.3 674.6 618.5 510.5 394.2 31

32 Mutual funds 97.1 114.5 114.1 51.6 80.2 66.3 32

33 Government-sponsored enterprises 13.8 32.4 27.7 6.8 9.7 9.9 33

34 Brokers and dealers 60.2 64.3 87.1 65.7 41.5 36.2 34

35 Funding corporations 244.1 304.2 125.2 304.6 37.8 65.2 35

(1) Excludes banks’ holdings of own acceptances.
FFA, 2005-2010, March 8, 2012 81

L.209 Treasury Securities

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 1

 2 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 2

 3 Treasury bills 960.7 940.8 999.5 1861.2 1787.9 1768.9 3

 4 Other Treasury securities 3512.2 3718.6 3903.3 4283.0 5802.8 7404.7 4

 5 Total assets 4678.0 4861.7 5099.2 6338.2 7781.9 9361.5 5

 6 Household sector 470.7 399.6 264.6 256.5 815.5 1115.9 6

 7 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 7

 8 Bills and other Treasury securities 265.6 197.2 68.3 62.6 624.3 928.0 8

 9 Nonfinancial corporate business 52.1 45.5 38.3 30.5 43.0 43.4 9

10 Nonfinancial noncorporate business 56.2 56.3 59.3 51.8 46.1 44.3 10

11 State and local governments 475.0 506.8 525.1 475.1 493.9 503.6 11

12 Rest of the world 1984.4 2126.2 2376.4 3253.0 3671.4 4385.3 12

13 Monetary authority 744.2 778.9 740.6 475.9 776.6 1021.5 13

14 U.S.-chartered commercial banks 64.2 61.9 73.0 53.4 117.7 211.6 14

15 Foreign banking offices in U.S. 27.8 26.8 30.4 35.5 57.5 60.9 15

16 Bank holding companies 1.1 2.5 7.1 3.1 5.8 19.6 16

17 Banks in U.S.-affiliated areas 3.9 3.7 1.8 1.2 0.5 1.1 17

18 Savings institutions 12.3 12.5 7.0 3.0 6.8 5.9 18

19 Credit unions 7.7 7.4 10.4 8.8 14.2 20.0 19

20 Property-casualty insurance companies 106.9 110.0 71.3 65.6 88.5 91.7 20

21 Life insurance companies 95.4 87.9 70.6 105.7 133.5 156.6 21

22 Private pension funds 116.5 130.8 169.5 184.9 310.7 486.7 22

23 State and local govt. retirement funds 153.8 156.2 141.6 146.4 174.5 185.6 23

24 Federal government retirement funds 68.4 76.7 88.0 112.3 119.1 129.2 24

25 Money market mutual funds 88.6 82.7 178.1 577.7 406.4 335.4 25

26 Mutual funds 155.7 160.7 179.2 187.9 255.5 297.4 26

27 Closed-end funds 7.1 7.4 5.6 3.2 4.3 5.1 27

28 Exchange-traded funds 9.7 13.1 19.7 27.0 41.7 51.0 28

29 Government-sponsored enterprises 13.1 14.2 15.5 16.8 21.9 55.2 29

30 ABS issuers 27.7 61.1 85.8 72.2 53.9 40.1 30

31 Brokers and dealers -64.6 -67.0 -60.0 190.6 123.0 94.5 31

 Memo:

32 Federal government debt (1) 4701.9 4885.3 5122.3 6361.5 7805.4 9385.6 32

(1) Total Treasury securities (table L.209, line 1) plus budget agency securities (table L.210, line 2) and federal mortgage debt (table L.217, line 11).
82 FFA, 2005-2010, March 8, 2012

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 1

 2 Budget agencies 23.8 23.5 23.1 23.3 23.5 24.2 2

 3 Government-sponsored enterprises 2592.2 2627.8 2910.2 3181.9 2706.6 6434.5 3

 4 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 4

 5 Total assets 6164.5 6492.4 7397.7 8166.7 8106.8 7598.2 5

 6 Household sector 510.2 445.3 689.2 733.5 139.0 219.0 6

 7 Nonfinancial corporate business 17.4 15.2 12.8 10.2 14.3 15.2 7

 8 State and local governments 391.1 407.0 444.0 434.1 417.0 427.0 8

 9 Federal government 0.0 0.0 0.0 54.4 196.4 149.2 9

10 Rest of the world 1012.9 1263.6 1582.4 1406.9 1154.8 1077.3 10

11 Monetary authority 0.0 0.0 0.0 19.7 1068.3 1139.6 11

12 U.S.-chartered commercial banks 992.7 1040.3 928.9 1068.7 1224.0 1310.8 12

13 Foreign banking offices in U.S. 50.9 55.1 57.1 50.6 31.3 26.5 13

14 Bank holding companies 11.2 11.2 9.9 25.8 24.3 21.1 14

15 Banks in U.S.-affiliated areas 34.8 29.0 26.3 24.4 20.5 12.8 15

16 Savings institutions 192.3 177.0 177.4 173.8 193.4 216.4 16

17 Credit unions 86.4 72.5 68.4 82.9 110.8 151.6 17

18 Property-casualty insurance companies 117.9 122.0 125.8 114.3 116.2 115.8 18

19 Life insurance companies 368.5 377.4 382.9 366.2 371.9 376.0 19

20 Private pension funds 252.0 268.6 296.8 318.1 269.1 170.9 20

21 State and local govt. retirement funds 258.4 307.8 331.1 337.5 306.9 285.2 21

22 Federal government retirement funds 4.6 4.7 5.0 5.1 5.6 6.3 22

23 Money market mutual funds 160.1 131.4 235.9 756.2 543.0 402.8 23

24 Mutual funds 483.4 499.1 565.4 592.7 639.1 791.1 24

25 Government-sponsored enterprises 751.1 714.0 702.9 910.0 924.5 377.0 25

26 ABS issuers 327.0 347.9 376.5 349.5 120.3 13.4 26

27 REITs 40.6 65.4 88.9 89.6 105.1 143.3 27

28 Brokers and dealers 101.0 138.0 290.2 242.6 110.9 149.8 28

(1) Agency- and GSE-backed securities include: issues of federal budget agencies (line 2) such as those for the TVA; issues of government sponsored enterprises (line 3) such as Fannie Mae and FHLB;

 and agency- and GSE-backed mortgage pool securities issued by GNMA, Fannie Mac, Freddie Mac, and the Farmers Home Administration (line 4). Only the budget agency issues are considered

 officially to be part of the total debt of the federal government, which is shown in table L.209, line 31.
FFA, 2005-2010, March 8, 2012 83

L.211 Municipal Securities and Loans

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 1

 2 State and local governments 2612.0 2709.7 2855.9 2875.0 2985.7 3051.1 2

 3 Short-term (1) 42.5 34.3 51.2 55.9 63.6 63.0 3

 4 Long-term 2569.5 2675.4 2804.7 2819.2 2922.1 2988.1 4

 5 Nonprofit organizations (2) 213.7 230.1 250.7 258.7 264.6 262.3 5

 6 Nonfinancial corporate business 218.2 272.4 341.5 409.7 447.5 482.3 6

 (industrial revenue bonds)

 7 Total assets 3043.9 3212.2 3448.1 3543.4 3697.9 3795.6 7

 8 Household sector 1639.1 1681.4 1725.4 1766.7 1896.5 1957.9 8

 9 Nonfinancial corporate business 32.1 28.1 29.2 26.2 27.1 20.8 9

10 Nonfinancial noncorporate business 4.4 5.8 5.3 4.9 5.1 4.9 10

11 State and local governments 4.9 5.1 5.5 5.4 5.7 6.1 11

12 Rest of the world 29.0 34.4 45.1 51.0 58.7 71.7 12

13 U.S.-chartered commercial banks 157.2 178.9 190.9 214.1 215.1 243.5 13

14 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.5 1.3 2.0 2.5 3.5 2.5 15

16 Savings institutions 9.0 11.2 11.0 7.8 9.2 11.1 16

17 Property-casualty insurance companies 313.2 335.2 371.3 381.9 369.4 348.4 17

18 Life insurance companies 32.5 36.6 41.4 47.1 73.1 112.3 18

19 State and local govt. retirement funds 1.7 3.3 2.4 1.4 1.5 1.6 19

20 Money market mutual funds 336.8 370.3 471.0 494.6 401.3 334.4 20

21 Mutual funds 311.7 344.4 372.2 389.6 480.2 526.6 21

22 Closed-end funds 89.4 89.4 91.3 77.9 81.2 81.3 22

23 Exchange-traded funds 0.0 0.0 0.6 2.3 5.9 7.6 23

24 Government-sponsored enterprises 39.7 36.1 33.3 31.3 29.1 24.9 24

25 Brokers and dealers 42.9 50.9 50.1 38.7 35.4 40.0 25

(1) Debt with original maturity of 13 months or less.

(2) Liability of the households and nonprofit organizations sector (tables F.100 and L.100).
84 FFA, 2005-2010, March 8, 2012

L.212 Corporate and Foreign Bonds

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 8695.1 9987.0 11435.9 11013.2 11432.5 11468.0 1

 2 Nonfinancial corporate business 3031.1 3246.7 3557.9 3762.5 4139.7 4560.3 2

 3 Rest of the world (1) 1011.6 1275.5 1587.1 1237.3 1570.3 1737.3 3

 4 Financial sectors 4652.4 5464.8 6291.0 6013.5 5722.5 5170.5 4

 5 U.S.-chartered commercial banks 121.7 149.2 174.4 182.4 174.1 434.1 5

 6 Bank holding companies 372.4 421.5 516.0 638.9 1028.7 982.2 6

 7 Savings institutions 8.7 10.7 10.4 2.4 2.3 2.7 7

 8 ABS issuers (net) (3) 2718.8 3367.3 3901.5 3577.3 2999.5 2218.8 8

 9 Finance companies 806.5 849.7 974.1 924.5 837.5 818.7 9

10 REITs 216.7 230.6 231.3 171.0 129.8 129.7 10

11 Brokers and dealers 62.4 68.8 64.8 97.1 92.9 129.7 11

12 Funding corporations 345.3 367.0 418.5 419.9 457.8 454.6 12

13 Total assets 8695.1 9987.0 11435.9 11013.2 11432.5 11468.0 13

14 Household sector 1303.4 1568.4 2022.7 1961.6 2082.7 1841.9 14

15 State and local governments 123.9 129.0 140.7 137.5 144.8 154.3 15

16 Federal government 0.0 0.0 0.0 0.0 0.6 0.9 16

17 Rest of the world (2) 1762.9 2320.5 2719.1 2353.5 2465.3 2488.6 17

18 U.S.-chartered commercial banks 411.6 470.7 572.4 542.0 582.6 474.9 18

19 Foreign banking offices in U.S. 262.8 292.5 369.5 401.6 244.9 233.9 19

20 Bank holding companies 11.8 16.7 35.9 35.8 31.1 38.3 20

21 Banks in U.S.-affiliated areas 0.8 0.4 0.5 0.5 2.0 0.6 21

22 Savings institutions 80.2 92.7 142.2 108.5 84.5 73.9 22

23 Credit unions 23.5 30.6 34.6 25.7 18.6 3.7 23

24 Property-casualty insurance companies 262.8 277.0 282.9 267.5 298.3 322.6 24

25 Life insurance companies 1824.8 1819.5 1862.6 1817.0 1927.2 2030.2 25

26 Private pension funds 290.0 317.6 357.4 400.1 442.9 483.5 26

27 State and local govt. retirement funds 227.9 283.4 297.0 312.9 308.6 312.4 27

28 Federal government retirement funds 2.9 2.9 3.0 2.9 3.0 3.2 28

29 Money market mutual funds 263.2 368.3 376.8 228.0 169.9 154.2 29

30 Mutual funds 662.7 767.0 889.9 959.9 1126.8 1275.4 30

31 Closed-end funds 69.3 75.1 74.0 48.7 54.0 58.1 31

32 Exchange-traded funds 5.3 7.6 13.8 27.7 55.3 74.0 32

33 Government-sponsored enterprises 465.7 481.7 464.4 386.6 310.8 293.9 33

34 Finance companies 203.5 184.8 189.4 192.4 198.6 179.0 34

35 REITs 53.0 64.6 34.4 11.7 15.5 20.8 35

36 Brokers and dealers 315.7 355.5 382.8 123.8 154.4 189.5 36

37 Funding corporations 67.5 60.4 170.0 667.3 710.2 760.1 37

(1) Holdings of foreign issues by U.S. residents.

(2) Holdings of U.S. issues by foreign residents.

(3) Liabilities net of assets.
FFA, 2005-2010, March 8, 2012 85

L.213 Corporate Equities (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Issues at market value 20636.1 24339.3 25580.9 15640.5 20123.2 23249.0 1

 2 Nonfinancial corporate business 12686.6 14602.3 15730.7 10016.6 12494.7 14422.3 2

 3 Rest of the world (2) 3317.7 4329.0 5248.0 2748.4 3995.3 4485.6 3

 4 Financial corporations 4631.9 5408.0 4602.2 2875.4 3633.2 4341.1 4

 5 Holdings at market value 20636.1 24339.3 25580.9 15640.5 20123.2 23249.0 5

 6 Household sector 8096.1 9652.6 9636.8 5746.9 7408.7 8663.1 6

 7 State and local governments 94.3 98.1 108.0 82.1 117.7 109.9 7

 8 Federal government 0.0 0.0 0.0 188.7 67.4 49.9 8

 9 Rest of the world (3) 2039.1 2448.1 2812.2 1806.6 2477.2 2926.1 9

10 Monetary authority 0.0 0.0 0.0 0.0 25.1 26.4 10

11 U.S.-chartered commercial banks 24.1 35.3 41.5 6.7 30.3 38.2 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 12

13 Savings institutions 26.2 24.9 25.3 22.7 22.2 19.7 13

14 Property-casualty insurance companies 199.5 227.0 236.2 193.3 219.8 219.2 14

15 Life insurance companies 1161.8 1364.8 1464.6 1001.7 1208.5 1402.6 15

16 Private pension funds 2441.7 2724.8 2673.3 1599.7 1835.7 2012.4 16

17 State and local govt. retirement funds 1715.8 1926.1 2013.7 1237.9 1549.8 1782.5 17

18 Federal government retirement funds 112.6 138.1 149.1 85.6 119.4 143.7 18

19 Mutual funds 4175.7 4989.6 5476.9 3014.1 4136.2 4762.7 19

20 Closed-end funds 105.0 121.5 144.9 71.3 86.0 95.1 20

21 Exchange-traded funds 285.8 402.0 573.7 473.9 669.9 853.9 21

22 Brokers and dealers 158.3 186.4 224.8 109.2 124.2 117.2 22

23 Funding corporations 0.0 0.0 0.0 0.0 25.1 26.4 23

 Memo:

24 Market value of domestic corporations (4) 16519.4 19013.2 19086.6 12014.9 14950.4 17393.7 24

(1) Excludes mutual fund shares shown on table L.214.

(2) Holdings of foreign issues by U.S. residents; includes American Depositary Receipts (ADRs).

(3) Holdings of U.S. issues by foreign residents.

(4) Sum of lines 2 and 4 less the sum of lines 11, 12, 13, 14, 20, 21,22, and 23; line 1 excludes intercorporate holdings of nonfinancial corporations.

L.214 Mutual Fund Shares (1)

Billions of dollars

 1 Shares at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 1

 2 Holdings at market value 6048.9 7068.3 7829.0 5435.3 6961.6 7934.5 2

 3 Household sector 3669.9 4190.5 4597.9 3327.2 4136.7 4571.7 3

 4 Nonfinancial corporate business 140.0 180.7 191.1 125.8 190.2 222.9 4

 5 State and local governments 28.9 30.0 32.8 32.0 33.7 30.9 5

 6 Rest of the world 242.0 316.8 373.5 256.2 363.6 513.8 6

 7 U.S.-chartered commercial banks 17.4 24.5 29.6 19.6 46.1 45.0 7

 8 Credit unions 2.2 2.1 2.1 2.0 1.3 1.5 8

 9 Property-casualty insurance companies 5.7 6.9 6.8 4.4 5.3 5.7 9

10 Life insurance companies 109.0 148.8 188.4 121.0 140.8 155.7 10

11 Private pension funds 1585.4 1880.4 2110.6 1366.0 1817.3 2126.6 11

12 State and local govt. retirement funds 248.4 287.5 296.4 181.1 226.7 260.8 12

(1) Shares of open-end investment companies; excludes shares of money market mutual funds, exchange-traded funds, and funding vehicles for variable annuities.
86 FFA, 2005-2010, March 8, 2012

L.215 Bank Loans Not Elsewhere Classified (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net change in liabilities 1577.9 1705.2 2027.3 2721.1 1921.8 1874.1 1

 2 Nonfinancial sectors 1309.4 1499.0 1750.2 1947.9 1650.3 1692.8 2

 3 Household sector 36.4 86.4 99.7 117.7 147.8 263.2 3

 4 Corporate business 518.1 528.6 621.1 676.1 475.9 468.6 4

 5 Noncorporate business 670.4 785.7 926.5 1046.1 929.8 845.9 5

 6 Rest of the world 84.4 98.3 102.8 107.9 96.8 115.1 6

 7 Foreign official institutions 2.6 1.9 1.9 2.6 3.2 4.3 7

 8 Foreign banks 18.1 21.9 30.2 33.0 27.9 39.7 8

 9 Other foreign 63.7 74.4 70.8 72.4 65.8 71.2 9

10 Financial sectors 268.6 206.2 277.1 773.2 271.5 181.3 10

11 Savings institutions 93.1 48.6 62.0 75.0 11.0 9.8 11

12 Finance companies 142.1 129.2 182.0 174.9 144.5 79.6 12

13 REITs 33.3 28.4 33.2 32.8 20.7 18.5 13

14 Brokers and dealers 0.0 0.0 0.0 45.5 0.0 0.0 14

15 Funding corporations 0.0 0.0 0.0 444.9 95.3 73.4 15

16 Net change in assets 1577.9 1705.2 2027.3 2721.1 1921.8 1874.1 16

17 Monetary authority (2) 0.0 0.0 0.0 490.4 142.8 98.1 17

18 U.S.-chartered commercial banks 1249.3 1312.2 1532.9 1670.8 1338.4 1350.7 18

19 Foreign banking offices in U.S. 294.7 361.8 466.8 531.9 406.5 390.4 19

20 Bank holding companies 8.1 5.6 6.3 8.2 14.6 18.9 20

21 Banks in U.S.-affiliated areas 25.9 25.6 21.4 19.7 19.4 16.1 21

(1) Excludes bank lending in the form of open market paper, mortgages, consumer credit, and security credit which are shown on other instrument tables.

(2) Loans from Federal Reserve banks to households, rest of the world, broker and dealers, and funding corporations. See loan details on table L.109.
FFA, 2005-2010, March 8, 2012 87

L.216 Other Loans and Advances

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total other loans and advances 1901.2 2071.6 2605.3 2711.7 2181.4 1950.6 1

 2 U.S. government loans 106.7 107.3 105.2 111.3 177.4 180.9 2

 3 Liab.: Household sector 11.5 12.9 12.5 12.8 12.6 11.6 3

 4 Nonfinancial corporate business 10.0 11.2 10.9 15.3 74.9 70.6 4

 5 Nonfinancial noncorporate business 41.0 45.7 46.8 48.9 52.5 53.0 5

 6 State and local governments 10.6 11.2 11.9 12.7 13.5 14.4 6

 7 Rest of the world 33.7 26.4 23.1 21.6 21.9 22.1 7

 8 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 0.0 0.0 2.0 9.2 10

11 Foreign loans to U.S. corporate business 162.5 168.8 271.5 207.3 182.5 160.4 11

12 Liab.: Nonfinancial corporate business 162.5 168.8 271.5 207.3 182.5 160.4 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered commercial banks 3.3 0.0 0.0 0.0 0.0 0.0 13

14 Foreign banking offices in U.S. 0.8 0.4 0.5 0.0 0.0 0.0 14

15 Liab.: Nonfinancial corporate business 3.8 0.3 0.2 0.0 0.0 0.0 15

16 Rest of the world 0.2 0.2 0.3 0.0 0.0 0.0 16

17 Savings institution loans to business 61.5 67.5 73.7 80.1 65.6 72.0 17

18 Liab.: Nonfinancial corporate business 30.7 33.7 36.9 40.0 32.8 36.0 18

19 Nonfinancial noncorporate business 30.7 33.7 36.9 40.0 32.8 36.0 19

20 Credit unions loans to business 25.9 26.8 26.9 29.6 32.3 33.1 20

21 Liab.: Nonfinancial corporate business 13.0 13.4 13.4 14.8 16.2 16.5 21

22 Nonfinancial noncorporate business 13.0 13.4 13.4 14.8 16.2 16.5 22

23 Policy loans (Household liability) 107.6 110.9 114.5 120.4 121.1 124.5 23

24 Asset: Federal government 0.7 0.6 0.6 0.6 0.5 0.5 24

25 Life insurance companies 106.9 110.2 113.9 119.8 120.6 124.0 25

26 Government-sponsored enterprise loans (1) 671.8 704.9 942.6 980.7 695.9 551.3 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Nonfinancial corporate business (FCS) 5.9 7.6 9.5 5.8 5.3 6.9 28

29 Nonfinancial noncorporate business (FCS) 45.7 55.9 66.0 74.5 74.7 80.3 29

30 U.S.-chartered coml. banks (FHLB & SLMA) 268.5 348.5 455.2 526.3 402.0 277.9 30

31 Savings institutions (FHLB & SLMA) 325.5 259.8 350.9 278.7 139.1 114.9 31

32 Credit unions (FHLB) 14.7 18.9 32.3 40.6 26.5 26.1 32

33 Life insurance companies (FHLB) 11.5 14.2 28.7 54.9 48.3 45.1 33

34 Securitized loans held by ABS issuers 93.9 97.7 93.7 78.1 54.4 37.2 34

35 Liab.: Nonfinancial corporate business 93.9 97.7 93.7 78.1 54.4 37.2 35

36 Finance company loans to business 479.2 498.0 523.0 539.9 448.9 441.0 36

37 Liab.: Nonfinancial corporate business 431.3 448.2 470.7 485.9 404.0 396.9 37

38 Nonfinancial noncorporate business 47.9 49.8 52.3 54.0 44.9 44.1 38

39 Loans to nonfinancial corporate business (2) 188.1 289.2 453.8 564.3 403.4 350.2 39

40 Asset: Household sector 8.7 9.1 17.6 29.7 26.8 26.2 40

41 Life insurance companies 15.9 22.4 31.9 46.3 20.4 16.7 41

42 Mutual funds 36.5 46.3 82.4 94.8 75.4 74.6 42

43 ABS issuers 94.5 155.7 248.3 301.7 197.8 163.8 43

44 Brokers and dealers 22.0 41.7 52.8 55.9 60.1 47.4 44

45 Funding corporations 10.6 14.1 20.8 35.9 22.9 21.4 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.
88 FFA, 2005-2010, March 8, 2012

L.217 Total Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total mortgages 12075.1 13460.1 14518.2 14608.9 14327.3 13813.0 1

 2 Home 9388.9 10459.1 11173.1 11070.1 10870.9 10526.6 2

 3 Multifamily residential 665.2 702.5 784.6 837.7 847.0 837.7 3

 4 Commercial 1916.2 2190.4 2447.9 2566.4 2478.1 2312.5 4

 5 Farm 104.8 108.0 112.7 134.7 131.3 136.3 5

 6 Total liabilities 12075.1 13460.1 14518.2 14608.9 14327.3 13813.0 6

 7 Household sector 9053.6 10059.3 10749.7 10697.4 10545.2 10232.3 7

 8 Nonfinancial business 2876.0 3248.8 3611.8 3748.0 3615.2 3413.6 8

 9 Corporate 783.3 872.9 928.8 878.1 757.9 686.2 9

10 Noncorporate 2092.7 2375.9 2683.0 2869.9 2857.3 2727.4 10

11 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 145.5 152.1 156.7 163.5 166.9 167.1 12

13 Total assets 12075.1 13460.1 14518.2 14608.9 14327.3 13813.0 13

14 Household sector 139.5 122.2 109.8 111.2 101.5 90.2 14

15 Nonfinancial corporate business 68.3 59.8 41.4 33.6 29.5 25.4 15

16 Nonfinancial noncorporate business 36.2 34.6 42.1 39.1 37.9 36.4 16

17 State and local governments 148.0 154.0 167.3 163.3 171.8 176.1 17

18 Federal government 76.6 80.3 82.4 95.8 108.4 106.6 18

19 U.S.-chartered commercial banks 2902.1 3338.9 3564.6 3754.7 3738.6 3580.1 19

20 Foreign banking offices in U.S. 20.8 24.9 39.0 44.2 37.8 35.4 20

21 Banks in U.S.-affiliated areas 35.1 39.2 40.8 42.6 42.3 35.8 21

22 Savings institutions (1) 1152.7 1076.8 1094.0 860.6 633.3 614.8 22

23 Credit unions 219.7 249.7 281.5 314.7 317.9 320.8 23

24 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 24

25 Life insurance companies 285.5 303.8 326.2 342.4 326.1 317.5 25

26 Private pension funds 9.8 9.5 10.2 11.1 13.6 15.0 26

27 State and local govt. retirement funds 16.4 14.4 9.7 9.4 9.3 9.4 27

28 Government-sponsored enterprises (1) 588.8 607.2 643.1 705.3 707.7 5021.0 28

29 Agency- and GSE-backed mortgage pools 3548.5 3841.1 4464.4 4961.4 5376.7 1139.5 29

30 ABS issuers 2136.4 2769.4 2942.0 2590.4 2224.7 1898.9 30

31 Finance companies 541.4 594.4 531.9 447.9 397.4 344.2 31

32 REITs 146.7 136.3 123.1 76.3 48.3 41.9 32

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 2005-2010, March 8, 2012 89

L.218 Home Mortgages (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 9388.9 10459.1 11173.1 11070.1 10870.9 10526.6 1

 2 Household sector 8880.8 9868.5 10545.7 10496.5 10351.2 10050.9 2

 3 Nonfinancial corporate business 31.1 39.4 42.2 32.7 20.3 13.6 3

 4 Nonfinancial noncorporate business 477.0 551.2 585.1 540.9 499.4 462.1 4

 5 Total assets 9388.9 10459.1 11173.1 11070.1 10870.9 10526.6 5

 6 Household sector 117.9 102.9 90.8 91.2 83.2 75.2 6

 7 Nonfinancial corporate business 40.9 35.9 25.0 20.2 17.7 15.3 7

 8 Nonfinancial noncorporate business 13.3 12.7 15.4 14.3 13.9 13.3 8

 9 State and local governments 75.5 78.5 85.7 83.8 88.2 89.8 9

10 Federal government 13.2 13.3 13.7 16.4 22.1 23.9 10

11 U.S.-chartered commercial banks 1775.8 2064.9 2189.0 2217.3 2238.0 2183.6 11

12 Foreign banking offices in U.S. 0.0 0.0 0.0 7.0 0.9 1.1 12

13 Banks in U.S.-affiliated areas 16.3 17.2 21.5 22.9 22.6 20.1 13

14 Savings institutions 953.8 867.8 879.0 666.3 448.6 430.5 14

15 Credit unions 219.7 249.7 281.5 314.7 317.9 320.8 15

16 Life insurance companies 7.5 10.3 9.4 8.6 6.4 6.2 16

17 Private pension funds 1.4 1.3 1.2 1.3 2.0 1.9 17

18 State and local govt. retirement funds 5.9 5.2 3.5 3.4 3.3 3.4 18

19 Government-sponsored enterprises 453.9 457.6 447.9 456.6 445.4 4701.5 19

20 Agency- and GSE-backed mortgage pools 3446.4 3749.1 4371.8 4864.0 5266.5 1068.8 20

21 ABS issuers 1629.9 2150.2 2184.4 1872.5 1554.0 1281.9 21

22 Finance companies 489.8 538.1 472.7 375.4 327.7 280.6 22

23 REITs 127.9 104.2 80.7 34.3 12.6 8.9 23

 Memo:

24 Home equity loans included above (2) 916.4 1066.7 1131.8 1115.0 1032.7 950.2 24

25 U.S.-chartered commercial banks 549.0 653.6 692.3 775.2 761.5 709.3 25

26 Foreign banking offices in U.S. 0.0 0.0 0.0 0.8 0.3 0.3 26

27 Savings institutions 151.6 137.6 180.5 119.5 80.0 74.0 27

28 Credit unions 75.9 86.9 94.1 98.7 94.6 88.2 28

29 ABS issuers 41.9 81.0 70.4 45.7 30.9 22.3 29

30 Finance companies 98.0 107.6 94.5 75.1 65.5 56.1 30

(1) Mortgages on 1-4 family properties including mortages on farm houses.

(2) Loans made under home equity lines of credit and home equity loans secured by junior liens. Excludes home equity loans held by individuals.

L.219 Multifamily Residential Mortgages

Billions of dollars

 1 Total liabilities 665.2 702.5 784.6 837.7 847.0 837.7 1

 2 Nonfinancial corporate business 32.0 33.9 38.1 40.6 41.0 40.5 2

 3 Nonfinancial noncorporate business 608.4 643.6 723.8 772.0 779.1 769.5 3

 4 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 REITs 24.8 25.1 22.7 25.1 26.8 27.7 5

 6 Total assets 665.2 702.5 784.6 837.7 847.0 837.7 6

 7 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial corporate business 1.1 0.9 0.6 0.5 0.5 0.4 8

 9 Nonfinancial noncorporate business 12.3 11.7 14.3 13.3 12.9 12.3 9

10 State and local governments 59.2 61.6 67.2 65.7 69.2 70.9 10

11 Federal government 14.9 14.8 14.4 14.5 14.7 14.4 11

12 U.S.-chartered commercial banks 138.7 157.6 168.4 210.8 207.1 193.7 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 4.3 4.0 3.5 13

14 Savings institutions 98.4 95.8 92.7 65.2 59.9 61.2 14

15 Life insurance companies 42.4 46.1 51.8 51.8 48.5 47.2 15

16 Private pension funds 2.1 2.0 2.1 2.4 2.7 3.1 16

17 State and local govt. retirement funds 4.9 4.3 2.9 2.8 2.8 2.8 17

18 Government-sponsored enterprises 93.0 105.4 147.7 190.2 204.4 256.5 18

19 Agency- and GSE-backed mortgage pools 101.3 88.8 88.1 92.8 105.7 66.9 19

20 ABS issuers 89.4 103.4 124.0 113.2 107.4 98.7 20

21 Finance companies 5.6 5.1 5.1 5.8 5.1 4.1 21

22 REITs 1.9 5.0 5.2 4.3 2.3 1.9 22
90 FFA, 2005-2010, March 8, 2012

L.220 Commercial Mortgages

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 1916.2 2190.4 2447.9 2566.4 2478.1 2312.5 1

 2 Household sector 172.8 190.7 204.0 200.9 194.0 181.4 2

 3 Nonfinancial corporate business 700.6 778.6 825.6 776.0 667.1 600.2 3

 4 Nonfinancial noncorporate business 922.1 1094.1 1284.3 1451.1 1476.9 1391.4 4

 5 REITs 120.7 127.0 134.0 138.4 140.1 139.4 5

 6 Total assets 1916.2 2190.4 2447.9 2566.4 2478.1 2312.5 6

 7 Household sector 14.9 17.0 19.1 20.0 19.2 16.7 7

 8 Nonfinancial corporate business 26.3 23.0 15.8 13.0 11.4 9.8 8

 9 Nonfinancial noncorporate business 9.9 9.5 11.5 10.7 10.4 10.0 9

10 State and local governments 11.8 12.3 13.4 13.1 13.8 14.7 10

11 Federal government 45.2 48.9 51.0 61.4 67.8 64.1 11

12 U.S.-chartered commercial banks 949.8 1076.3 1165.3 1276.0 1243.5 1151.0 12

13 Foreign banking offices in U.S. 20.8 24.9 39.0 32.8 32.9 30.8 13

14 Banks in U.S.-affiliated areas 18.8 22.0 19.3 19.7 19.6 15.7 14

15 Savings institutions 100.0 112.4 121.5 128.1 123.9 122.2 15

16 Property-casualty insurance companies 2.7 3.5 4.8 5.0 4.4 4.1 16

17 Life insurance companies 224.3 235.4 252.2 267.1 257.7 251.3 17

18 Private pension funds 6.3 6.2 6.8 7.4 8.9 9.9 18

19 State and local govt. retirement funds 5.6 4.9 3.3 3.2 3.2 3.2 19

20 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 20

21 ABS issuers 417.1 515.8 633.6 604.7 563.3 518.3 21

22 Finance companies 46.0 51.1 54.0 66.6 64.6 59.5 22

23 REITs 16.8 27.1 37.3 37.7 33.4 31.2 23

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 104.8 108.0 112.7 134.7 131.3 136.3 1

 2 Nonfinancial corporate business 19.6 21.0 22.8 28.8 29.5 31.9 2

 3 Nonfinancial noncorporate business 85.2 87.0 89.9 105.9 101.8 104.3 3

 4 Total assets 104.8 108.0 112.7 134.7 131.3 136.3 4

 5 Household sector 6.7 2.3 -0.0 0.0 -0.9 -1.7 5

 6 Nonfinancial noncorporate business 0.7 0.7 0.8 0.8 0.8 0.7 6

 7 State and local governments 1.5 1.5 1.0 0.7 0.7 0.7 7

 8 Federal government 3.2 3.2 3.3 3.5 3.9 4.3 8

 9 U.S.-chartered commercial banks 37.9 40.1 41.9 50.6 50.1 51.9 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.1 0.0 0.0 10

11 Savings institutions 0.6 0.7 0.9 0.9 0.9 0.9 11

12 Life insurance companies 11.3 12.0 12.8 15.0 13.5 12.8 12

13 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Government-sponsored enterprises 42.0 44.2 47.6 58.5 57.9 63.0 14

15 Agency- and GSE-backed mortgage pools 0.8 3.2 4.5 4.7 4.5 3.8 15

(1) Excludes mortgages on farm houses.
FFA, 2005-2010, March 8, 2012 91

L.222 Consumer Credit

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities (Households) 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 1

 2 Total assets 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 2

 3 Nonfinancial corporate business 59.6 57.6 58.6 59.8 57.2 56.0 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Federal government 89.8 91.7 98.4 111.0 186.0 316.4 5

 6 U.S.-chartered commercial banks 707.0 741.2 804.1 878.6 855.3 1098.7 6

 7 Savings institutions 109.1 95.5 90.8 86.3 77.5 86.8 7

 8 Credit unions 228.6 234.5 235.7 236.2 237.2 226.5 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 609.9 661.1 683.7 646.4 577.9 131.7 10

11 Finance companies 516.5 534.4 584.1 575.8 487.8 518.6 11

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 3003.6 3195.9 3398.0 3228.0 3204.2 3403.0 1

 2 Household sector 186.3 199.9 214.5 236.7 252.7 274.1 2

 3 Nonfinancial corporate business 1700.6 1812.9 1897.9 1672.7 1587.5 1748.5 3

 4 Nonfinancial noncorporate business 334.5 348.9 374.9 380.7 388.3 368.3 4

 5 State and local governments 482.0 516.4 553.5 592.7 630.4 668.8 5

 6 Federal government 202.7 208.9 238.2 260.8 204.6 226.7 6

 7 Rest of the world 54.5 60.7 73.1 63.2 70.6 98.4 7

 8 Brokers and dealers 43.1 48.3 45.8 21.2 70.1 18.1 8

 9 Total trade receivables 2989.8 3024.8 3279.9 3097.1 2995.9 3135.9 9

10 Nonfinancial corporate business 2108.2 2090.0 2253.0 2081.1 2050.5 2189.8 10

11 Nonfinancial noncorporate business 430.9 470.9 525.6 522.7 496.3 476.1 11

12 State and local governments 140.9 146.6 159.9 156.4 164.6 175.4 12

13 Federal government 71.0 59.4 60.6 64.7 43.6 42.9 13

14 Rest of the world 56.9 62.8 83.6 90.1 96.7 116.1 14

15 Property-casualty insurance companies 82.1 87.0 85.4 86.7 83.0 83.8 15

16 ABS issuers 99.8 108.3 111.7 95.5 61.3 51.8 16

17 Discrepancy 13.8 171.1 118.1 130.9 208.3 267.1 17

L.224 Security Credit

Billions of dollars

 1 Total liabilities 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 1

 2 Household sector 232.4 292.1 325.5 164.8 203.0 278.2 2

 3 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Brokers and dealers 806.0 957.8 1200.9 963.6 888.2 936.6 4

 5 Customer credit balances (HH) 575.3 655.7 866.4 742.7 668.6 694.3 5

 6 From U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 152.3 6

 7 From foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 7

 8 Total assets 1038.4 1249.9 1526.4 1128.5 1091.2 1214.8 8

 9 Household sector 575.3 655.7 866.4 742.7 668.6 694.3 9

10 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 95.6 116.5 145.9 158.6 158.0 152.3 11

12 Foreign banking offices in U.S. 135.1 185.6 188.6 62.3 61.6 90.1 12

13 Brokers and dealers 232.4 292.1 325.5 164.8 203.0 278.2 13
92 FFA, 2005-2010, March 8, 2012

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Life insurance reserves:

 1 Total liabilities 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 1

 2 Federal government 42.7 44.2 45.4 46.4 47.5 48.4 2

 3 Life insurance companies 1039.9 1119.5 1156.1 1133.4 1194.5 1229.9 3

 4 Net change in assets 1082.6 1163.7 1201.5 1179.8 1242.1 1278.3 4

 5 Households 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 5

 6 U.S.-chartered commercial banks 0.0 93.4 104.3 110.7 111.5 116.0 6

 7 Bank holding companies 0.0 15.2 20.5 19.3 21.4 25.1 7

 Pension fund reserves:

 8 Total liabilities 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 8

 9 Life insurance companies 2197.4 2332.4 2450.8 2184.6 2323.0 2504.7 9

10 Private pension funds (1) 5427.8 6120.5 6444.8 4588.0 5507.4 6134.3 10

11 State and local govt. retirement funds 2763.4 3156.6 3297.9 2414.7 2759.8 3024.0 11

12 Federal government retirement funds (2) 1071.5 1141.1 1197.2 1221.2 1324.4 1425.3 12

13 Total assets (Households) (3) 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 13

(1) Includes unallocated insurance company contracts beginning 1985:Q4.

(2) Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.

(3) Excludes all individual retirement accounts (IRAs) (table L.225.i), except those at life insurance companies.

L.226 Taxes Payable by Businesses

Billions of dollars

 1 Total taxes payable by all businesses 214.5 237.0 167.7 44.0 40.6 51.8 1

 2 Nonfinancial corporate business 86.2 85.4 35.8 39.0 35.7 39.1 2

 3 Nonfinancial noncorporate business 86.7 95.7 99.5 106.2 99.9 94.7 3

 4 U.S.-chartered commercial banks 25.8 24.7 11.1 -74.6 -67.5 -60.6 4

 5 Savings institutions 3.6 3.3 1.3 1.0 1.3 1.0 5

 6 Property-casualty insurance companies -1.6 9.4 7.0 -21.1 -15.8 -10.1 6

 7 Life insurance companies -5.3 -1.3 -4.7 -24.4 -31.4 -28.8 7

 8 Finance companies 16.9 17.0 15.5 15.4 12.7 12.9 8

 9 Brokers and dealers 2.1 2.8 2.2 2.5 5.7 3.6 9

10 Total business taxes receivable 232.6 285.1 342.5 389.3 416.1 448.9 10

11 State and local governments 141.0 189.0 237.5 269.8 280.9 298.0 11

12 Federal government 91.6 96.1 105.0 119.4 135.1 150.8 12

13 Discrepancy -18.1 -48.1 -174.8 -345.3 -375.5 -397.1 13

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 8131.0 9085.3 8951.2 7314.6 6428.9 7162.7 1

 2 Nonfinancial noncorporate business 8119.3 9075.4 8939.6 7305.1 6416.8 7149.0 2

 3 Brokers and dealers 11.7 9.8 11.6 9.5 12.1 13.8 3
FFA, 2005-2010, March 8, 2012 93

L.228 Total Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 14321.2 15667.6 17441.8 19846.9 19678.3 20433.6 1

 2 Household sector 22.4 22.8 23.9 27.0 22.1 24.7 2

 3 Nonfinancial corporate business 3815.4 3819.9 4048.6 4243.9 4222.2 4136.0 3

 4 Nonfinancial noncorporate business 861.2 1006.1 1100.0 1214.3 1247.4 1279.2 4

 5 Federal government 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 5

 6 Rest of the world 3468.1 4151.0 4942.4 5813.9 5669.2 6323.8 6

 7 Monetary authority 15.3 18.5 21.0 23.1 29.2 58.4 7

 8 U.S.-chartered commercial banks 964.0 1026.2 1103.1 1258.1 1409.2 1518.2 8

 9 Foreign banking offices in U.S. 263.8 154.8 299.6 849.4 431.3 438.7 9

10 Bank holding companies 216.0 294.4 328.3 422.9 548.0 514.2 10

11 Banks in U.S.-affiliated areas 42.2 37.7 26.2 21.7 25.0 20.0 11

12 Savings institutions 60.5 80.2 102.4 72.3 21.8 20.2 12

13 Credit unions 11.9 9.2 3.6 4.7 19.4 11.0 13

14 Property-casualty insurance companies 759.3 815.7 811.1 811.0 832.6 844.6 14

15 Life insurance companies 824.0 925.9 1010.6 905.0 985.6 1089.8 15

16 Government-sponsored enterprises 141.8 153.4 171.1 208.2 270.4 154.6 16

17 Finance companies 702.8 715.7 654.4 664.8 573.6 561.7 17

18 REITs 55.3 63.0 67.6 64.9 51.1 66.0 18

19 Brokers and dealers 405.5 519.5 558.4 441.4 460.1 497.5 19

20 Funding corporations 728.0 836.1 1075.3 1616.7 1598.7 1525.5 20

21 Total assets 19663.8 22144.5 24589.6 24654.0 24976.5 25799.7 21

22 Household sector 608.7 646.1 712.2 766.3 787.1 830.6 22

23 Nonfinancial corporate business 8171.2 8934.1 9877.0 9358.3 9533.1 10080.3 23

24 Nonfinancial noncorporate business 1301.7 1683.5 2014.3 2121.8 2040.0 1958.4 24

25 State and local governments 19.3 -44.1 -26.7 -13.0 4.3 53.2 25

26 Federal government 133.7 136.8 138.7 110.8 145.8 141.4 26

27 Rest of the world 3177.5 3977.7 4484.6 4138.7 4116.2 4557.5 27

28 Monetary authority 18.1 17.0 40.5 569.8 75.9 83.1 28

29 U.S.-chartered commercial banks 760.8 690.0 780.5 1118.9 947.4 866.4 29

30 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.7 143.9 148.7 30

31 Bank holding companies 1491.6 1709.3 1803.2 1986.4 2779.7 2715.8 31

32 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 32

33 Savings institutions 107.9 109.3 115.5 90.0 83.8 75.8 33

34 Credit unions 24.2 24.9 35.9 44.2 50.6 41.9 34

35 Property-casualty insurance companies 103.3 105.5 121.1 102.6 128.0 143.1 35

36 Life insurance companies 262.1 303.3 342.9 380.1 357.6 360.3 36

37 Private pension funds 480.2 532.5 567.1 426.5 533.3 549.4 37

38 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 17.0 38

39 Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 39

40 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 66.9 40

41 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 41

42 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 42

43 Finance companies 46.7 16.4 18.2 30.0 61.9 46.0 43

44 REITs 51.9 59.7 55.4 54.6 46.1 53.5 44

45 Brokers and dealers 1202.6 1599.4 1633.7 1105.7 1141.0 1025.3 45

46 Funding corporations 602.8 633.9 751.5 793.5 726.3 679.8 46

47 Discrepancy -5342.6 -6476.9 -7147.8 -4807.1 -5298.2 -5366.2 47
94 FFA, 2005-2010, March 8, 2012

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 2651.7 2948.2 3553.1 3748.5 4067.5 4429.4 1

 2 Asset: Nonfinancial corporate business 2205.7 2440.7 2892.9 3011.1 3294.0 3585.2 2

 3 U.S.-chartered commercial banks 104.9 95.9 150.3 201.5 241.2 257.1 3

 4 Property-casualty insurance companies 103.3 105.5 121.1 102.6 128.0 143.1 4

 5 Life insurance companies 19.1 20.0 25.6 25.0 28.1 32.1 5

 6 Finance companies 17.7 42.0 177.9 221.0 204.9 224.6 6

 7 Brokers and dealers 201.1 244.1 185.3 187.4 171.4 187.4 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 1549.4 1722.7 1961.9 2050.3 2025.8 2175.2 8

 9 Nonfinancial noncorporate business 3.3 3.6 3.6 3.6 4.0 4.3 9

10 Foreign banking offices in U.S. 130.2 135.4 94.2 71.7 104.9 111.3 10

11 Property-casualty insurance companies 60.1 99.9 76.6 51.2 77.8 83.5 11

12 Life insurance companies 65.8 71.3 68.7 60.3 68.9 86.8 12

13 Finance companies 38.8 51.1 68.6 78.1 75.0 83.6 13

14 Brokers and dealers 49.9 61.0 62.6 72.1 74.5 103.0 14

15 Funding corporations 8.4 9.0 9.6 10.2 10.8 11.4 15

16 Asset: Rest of the world 1906.0 2154.1 2345.9 2397.4 2441.7 2658.9 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 43.2 45.3 46.9 48.3 50.0 52.3 17

18 Asset: Federal government 43.2 45.3 46.9 48.3 50.0 52.3 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 13.5 15.3 18.5 21.1 25.6 26.5 19

20 Asset: U.S.-chartered commercial banks 13.5 15.3 18.5 21.1 25.6 26.5 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 46.7 46.9 56.0 51.8 51.8 49.0 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.5 0.6 0.7 0.4 0.5 0.6 22

23 Nonfinancial noncorporate (FCS) 4.1 4.3 5.0 6.4 6.3 6.7 23

24 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 24

25 U.S.-chartered commercial banks (FHLB) 20.2 22.9 26.7 25.6 24.7 22.9 25

26 Savings institutions (FHLB) 18.5 15.6 18.8 13.4 15.0 13.8 26

27 Credit unions (FHLB) 1.8 1.9 2.5 2.8 2.4 2.2 27

28 Life insurance companies (FHLB) 1.6 1.6 2.2 3.2 2.9 2.9 28

 BHC investment in subsidiaries:

29 Liab.: U.S.-chartered commercial banks 897.0 1067.0 1197.8 1244.4 1413.5 1366.8 29

30 Savings institutions 22.7 10.7 10.9 13.4 24.0 23.0 30

31 Life insurance companies 35.6 38.3 43.7 31.2 40.5 62.7 31

32 Finance companies 195.2 198.5 239.9 232.6 209.3 173.1 32

33 Brokers and dealers 130.5 159.9 49.9 109.2 635.3 634.6 33

34 Asset: Bank holding companies 1281.0 1474.4 1542.2 1630.9 2322.6 2260.2 34

 NFC inv. in finance company subs.:

35 Liab.: Finance companies 117.0 140.1 81.5 80.5 71.2 91.5 35

36 Asset: Nonfinancial corporate business 117.0 140.1 81.5 80.5 71.2 91.5 36

 Funding corp. investment in subs.:

37 Liab.: Foreign banking offices in U.S. 188.8 197.3 241.0 276.6 203.1 171.6 37

38 Brokers and dealers 414.0 436.5 510.5 516.9 523.2 508.2 38

39 Asset: Funding corporations 602.8 633.9 751.5 793.5 726.3 679.8 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 0.0 0.0 0.0 1.8 7.7 40

41 Asset: Households (1) 0.0 0.0 0.0 0.0 0.9 3.8 41

42 Federal government 0.0 0.0 0.0 0.0 0.9 3.8 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
FFA, 2005-2010, March 8, 2012 95

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.6 0.6 24.5 554.2 10.9 0.8 1

 2 Asset: Federal government 0.6 0.6 0.5 0.5 0.7 0.8 2

 3 Monetary authority (1) 0.0 0.0 24.0 553.7 10.3 0.1 3

 Postal Savings System deposits:

 4 Liab.: Federal government 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 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 19.2 19.0 20.9 15.5 15.9 14.4 6

 7 Asset: Savings institutions 19.2 19.0 20.9 15.5 15.9 14.4 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 22.4 22.8 23.9 27.0 22.1 24.7 8

 9 Asset: Life insurance companies 22.4 22.8 23.9 27.0 22.1 24.7 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 217.3 232.1 247.6 265.2 273.6 288.4 10

11 Accident and health 138.3 149.8 163.3 182.7 192.4 207.1 11

12 Policy dividend accumulation 42.7 43.5 43.7 40.4 39.2 39.7 12

13 Contract claims 36.3 38.8 40.6 42.1 42.0 41.6 13

14 Asset: Household sector 217.3 232.1 247.6 265.2 273.6 288.4 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 699.2 715.8 734.5 759.9 754.8 761.2 15

16 Asset: Household sector 316.0 320.5 327.3 337.3 332.2 335.4 16

17 Nonfinancial corporate business 284.0 291.6 299.9 311.1 310.2 313.2 17

18 Nonfinancial noncorporate business 99.2 103.6 107.3 111.5 112.4 112.5 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 338.4 387.9 431.3 317.6 412.8 457.5 19

20 Asset: Private pension funds 338.4 387.9 431.3 317.6 412.8 457.5 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 44.8 42.8 47.2 47.9 50.5 49.2 21

22 Asset: Private pension funds 44.8 42.8 47.2 47.9 50.5 49.2 22

 Securities borrowed (net):

23 Liab.: Funding corporations 939.7 1242.3 1240.2 887.0 856.8 733.4 23

24 Asset: Brokers and dealers 939.7 1242.3 1240.2 887.0 856.8 733.4 24

 Nonmarketable government securities:

25 Liab.: Federal government 882.9 918.7 952.0 1015.3 1077.2 1142.9 25

26 Asset: Federal government retirement funds 882.9 918.7 952.0 1015.3 1077.2 1142.9 26

 Retiree health care funds (2):

27 Liab.: Federal government 75.4 93.5 137.3 163.8 180.4 202.9 27

28 Asset: Household sector 75.4 93.5 137.3 163.8 180.4 202.9 28

(1) Reciprocal currency arrangements (swap lines) with foreign central banks.

(2) Includes Uniform Services Retiree Health Care Fund and Postal Service Retiree Health Benefits Fund.
96 FFA, 2005-2010, March 8, 2012

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total liabilities 4419.5 4534.1 5186.9 7021.6 6264.7 6502.9 1

 2 Nonfinancial corporate business 2221.2 2054.4 2039.5 2145.7 2146.0 1911.6 2

 3 Nonfinancial noncorporate business 857.9 1002.5 1096.4 1210.7 1243.3 1274.9 3

 4 Federal government 5.4 5.1 4.9 4.3 4.0 3.6 4

 5 Rest of the world 772.6 1157.1 1318.0 1462.8 1540.8 1841.2 5

 6 Monetary authority 1.8 3.2 2.5 2.1 3.6 31.9 6

 7 U.S.-chartered commercial banks 67.1 -40.9 -94.7 13.6 -4.4 151.4 7

 8 Foreign banking offices in U.S. -55.1 -177.9 -35.6 501.1 123.2 155.9 8

 9 Bank holding companies 216.0 294.4 328.3 422.9 548.0 514.2 9

10 Banks in U.S.-affiliated areas 42.2 37.7 26.2 21.7 25.0 20.0 10

11 Savings institutions 37.8 69.5 91.5 58.9 -2.2 -2.8 11

12 Credit unions 11.9 9.2 3.6 4.7 19.4 11.0 12

13 Life insurance companies 166.9 196.3 219.3 230.8 189.8 194.4 13

14 Government-sponsored enterprises 75.9 87.6 94.3 141.0 202.8 91.2 14

15 Finance companies 351.8 326.0 264.4 273.7 218.1 213.5 15

16 REITs 55.3 63.0 67.6 64.9 51.1 66.0 16

17 Brokers and dealers -188.9 -137.9 -64.6 -256.8 -773.0 -748.2 17

18 Funding corporations -220.1 -415.2 -174.5 719.5 729.3 773.1 18

19 Total assets 9762.2 11011.0 12334.7 11828.7 11562.9 11869.0 19

20 Nonfinancial corporate business 5564.0 6061.1 6601.9 5955.2 5857.3 6089.9 20

21 Nonfinancial noncorporate business 1198.4 1575.6 1902.0 2003.9 1921.3 1839.2 21

22 State and local governments 19.3 -44.1 -26.7 -13.0 4.3 53.2 22

23 Federal government 89.9 91.0 91.4 62.0 94.3 84.5 23

24 Rest of the world 1271.5 1823.7 2138.7 1741.3 1674.5 1898.6 24

25 Monetary authority 18.1 17.0 16.5 16.1 65.6 83.0 25

26 U.S.-chartered commercial banks 622.2 555.9 585.1 870.8 655.8 559.9 26

27 Foreign banking offices in U.S. 24.3 -119.6 -104.9 259.7 143.9 148.7 27

28 Bank holding companies 210.6 234.8 261.0 355.5 457.2 455.5 28

29 Banks in U.S.-affiliated areas 5.3 5.9 12.1 11.1 6.5 11.0 29

30 Savings institutions 70.2 74.7 75.7 61.1 52.9 47.6 30

31 Credit unions 22.4 23.0 33.4 41.5 48.3 39.7 31

32 Life insurance companies 219.0 258.9 291.2 324.9 304.5 300.6 32

33 Private pension funds 97.0 101.8 88.6 61.0 70.0 42.8 33

34 State and local govt. retirement funds 15.4 16.3 15.7 15.7 16.2 17.0 34

35 Mutual funds 10.7 14.0 16.8 20.0 14.9 2.9 35

36 Money market mutual funds 43.3 59.2 90.9 47.9 59.1 66.9 36

37 Government-sponsored enterprises 117.8 114.7 141.7 99.1 100.3 148.6 37

38 Finance companies 29.0 -25.6 -159.7 -191.0 -143.0 -178.6 38

39 REITs 51.9 59.7 55.4 54.6 46.1 53.5 39

40 Brokers and dealers 61.8 113.0 208.1 31.3 112.9 104.6 40

41 Discrepancy -5342.6 -6476.9 -7147.8 -4807.1 -5298.2 -5366.2 41
FFA, 2005-2010, March 8, 2012 97

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Assets 72250.2 78678.6 79544.5 66688.6 69172.9 72729.8 1

 2 Nonfinancial assets 28316.8 29546.2 27970.0 24454.0 23738.6 23477.4 2

 3 Real estate 23995.1 25009.4 23239.6 19603.6 18872.9 18586.2 3

 4 Households (2,3) 22023.7 22711.2 20855.4 17538.5 17151.7 16570.7 4

 5 Nonprofit organizations 1971.5 2298.2 2384.2 2065.1 1721.2 2015.5 5

 Equipment and software owned by

 6 nonprofit organizations (4) 223.7 243.2 262.0 283.6 294.1 309.4 6

 7 Consumer durable goods (4) 4098.0 4293.6 4468.3 4566.8 4571.6 4581.8 7

 8 Financial assets 43933.4 49132.4 51574.6 42234.6 45434.3 49252.4 8

 9 Deposits 6139.9 6753.1 7406.0 8013.5 7883.9 7790.1 9

10 Foreign deposits 59.9 65.2 80.5 56.9 50.5 54.8 10

11 Checkable deposits and currency 216.9 173.1 90.3 292.0 330.3 185.3 11

12 Time and savings deposits 4913.9 5400.4 5888.5 6082.8 6190.0 6420.3 12

13 Money market fund shares 949.2 1114.5 1346.7 1581.8 1313.1 1129.7 13

14 Credit market instruments 4169.9 4343.4 4936.6 4865.2 5096.7 5314.4 14

15 Open market paper 98.4 117.5 107.3 6.0 34.6 63.4 15

16 Treasury securities 470.7 399.6 264.6 256.5 815.5 1115.9 16

17 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 17

18 Other Treasury 265.6 197.2 68.3 62.6 624.3 928.0 18

19 Agency- and GSE-backed securities 510.2 445.3 689.2 733.5 139.0 219.0 19

20 Municipal securities 1639.1 1681.4 1725.4 1766.7 1896.5 1957.9 20

21 Corporate and foreign bonds 1303.4 1568.4 2022.7 1961.6 2082.7 1841.9 21

22 Other loans and advances (5) 8.7 9.1 17.6 29.7 26.8 26.2 22

23 Mortgages 139.5 122.2 109.8 111.2 101.5 90.2 23

24 Corporate equities (2) 8096.1 9652.6 9636.8 5746.9 7408.7 8663.1 24

25 Mutual fund shares (6) 3669.9 4190.5 4597.9 3327.2 4136.7 4571.7 25

26 Security credit 575.3 655.7 866.4 742.7 668.6 694.3 26

27 Life insurance reserves 1082.6 1055.2 1076.8 1049.8 1109.2 1137.2 27

28 Pension fund reserves 11460.1 12750.6 13390.7 10408.5 11914.5 13088.3 28

29 Equity in noncorporate business (7) 8131.0 9085.3 8951.2 7314.6 6428.9 7162.7 29

30 Miscellaneous assets 608.7 646.1 712.2 766.3 787.1 830.6 30

31 Liabilities 12184.5 13430.3 14346.4 14229.7 14048.0 13905.7 31

32 Credit market instruments 11743.4 12915.4 13782.4 13801.1 13570.2 13328.6 32

33 Home mortgages (8) 8880.8 9868.5 10545.7 10496.5 10351.2 10050.9 33

34 Consumer credit 2320.6 2416.0 2555.3 2594.1 2478.9 2434.7 34

35 Municipal securities (9) 213.7 230.1 250.7 258.7 264.6 262.3 35

36 Bank loans n.e.c. 36.4 86.4 99.7 117.7 147.8 263.2 36

37 Other loans and advances 119.0 123.8 127.0 133.2 133.7 136.1 37

38 Commercial mortgages (9) 172.8 190.7 204.0 200.9 194.0 181.4 38

39 Security credit 232.4 292.1 325.5 164.8 203.0 278.2 39

40 Trade payables (9) 186.3 199.9 214.5 236.7 252.7 274.1 40

 Deferred and unpaid

41 life insurance premiums 22.4 22.8 23.9 27.0 22.1 24.7 41

42 Net worth 60065.8 65248.3 65198.2 52458.9 55124.9 58824.1 42

 Memo:

 Replacement-cost value of structures:

43 Residential 13475.1 14440.6 14660.2 14410.4 14130.1 14194.4 43

44 Households 13275.9 14229.3 14445.1 14195.4 13918.3 13983.6 44

45 Nonprofit organizations 199.3 211.3 215.1 215.0 211.7 210.8 45

46 Nonresidential (nonprofits) 1196.2 1318.9 1404.7 1489.5 1436.7 1450.1 46

47 Disposable personal income (SAAR) 9277.3 9915.7 10423.6 11024.5 10788.8 11179.7 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 647.4 658.0 625.5 475.8 510.9 526.2 48

 Owners’ equity in household real

49 estate (10) 13142.9 12842.6 10309.6 7042.1 6800.4 6519.8 49

 Owners’ equity as percentage of

50 household real estate (11) 59.7 56.5 49.4 40.2 39.6 39.3 50

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

(2) At market value.

(3) All types of owner-occupied housing including farm houses and mobile homes, as well as second homes that are not rented, vacant homes for sale, and vacant land.

(4) At replacement (current) cost.

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

(6) Value based on the market values of equities held and the book value of other assets held by mutual funds.

(7) Net worth of nonfinancial noncorporate business (table B.103, line 31) and owners’ equity in unincorporated security brokers and dealers.

(8) Includes loans made under home equity lines of credit and home equity loans secured by junior liens, shown on table L.218, line 24.

(9) Liabilities of nonprofit organizations.

(10) Line 4 less line 33.

(11) Line 49 divided by line 4.
98 FFA, 2005-2010, March 8, 2012

B.102 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 24815.0 27246.2 29125.3 27240.4 26020.3 28427.8 1

 2 Nonfinancial assets 12906.4 14578.7 15363.3 14302.8 12679.2 14184.1 2

 3 Real estate (1) 7716.4 9031.1 9518.1 8325.4 6896.6 8215.6 3

 4 Equipment and software (2) 3601.6 3851.0 4012.2 4190.8 4118.7 4141.9 4

 5 Inventories (2) 1588.4 1696.5 1832.9 1786.6 1663.9 1826.6 5

 6 Financial assets 11908.6 12667.6 13762.1 12937.7 13341.1 14243.7 6

 7 Foreign deposits 63.6 49.3 50.3 24.7 31.5 72.0 7

 8 Checkable deposits and currency 272.0 155.8 147.3 38.6 166.0 445.0 8

 9 Time and savings deposits 450.4 497.0 441.3 381.9 488.8 471.6 9

10 Money market fund shares 348.2 416.3 544.4 702.6 646.1 517.5 10

11 Security RPs 14.6 15.5 8.1 7.2 7.9 12.2 11

12 Commercial paper 111.0 122.7 69.5 57.3 56.0 71.4 12

13 Treasury securities 52.1 45.5 38.3 30.5 43.0 43.4 13

14 Agency- and GSE-backed securities 17.4 15.2 12.8 10.2 14.3 15.2 14

15 Municipal securities 32.1 28.1 29.2 26.2 27.1 20.8 15

16 Mortgages 68.3 59.8 41.4 33.6 29.5 25.4 16

17 Consumer credit 59.6 57.6 58.6 59.8 57.2 56.0 17

18 Trade receivables 2108.2 2090.0 2253.0 2081.1 2050.5 2189.8 18

19 Mutual fund shares (1) 140.0 180.7 191.1 125.8 190.2 222.9 19

20 Miscellaneous assets 8171.2 8934.1 9877.0 9358.3 9533.1 10080.3 20

21 Liabilities 11182.1 11821.5 12916.0 13225.0 12898.3 13278.7 21

22 Credit market instruments 5579.9 6103.3 6933.6 7269.4 7052.9 7355.1 22

23 Commercial paper 90.1 112.5 123.8 131.5 58.4 82.9 23

24 Municipal securities (3) 218.2 272.4 341.5 409.7 447.5 482.3 24

25 Corporate bonds (4) 3031.1 3246.7 3557.9 3762.5 4139.7 4560.3 25

26 Bank loans n.e.c. 518.1 528.6 621.1 676.1 475.9 468.6 26

27 Other loans and advances 939.1 1070.1 1360.5 1411.5 1173.4 1074.8 27

28 Mortgages 783.3 872.9 928.8 878.1 757.9 686.2 28

29 Trade payables 1700.6 1812.9 1897.9 1672.7 1587.5 1748.5 29

30 Taxes payable 86.2 85.4 35.8 39.0 35.7 39.1 30

31 Miscellaneous liabilities 3815.4 3819.9 4048.6 4243.9 4222.2 4136.0 31

32 Net worth (market value) 13632.9 15424.8 16209.4 14015.5 13122.1 15149.1 32

 Memo:

 Replacement-cost value of structures:

33 Residential 152.3 164.8 170.8 172.7 171.4 171.4 33

34 Nonresidential 5699.6 6249.6 6644.8 7203.6 6841.6 7035.0 34

35 Market value of equities outstanding 12686.6 14602.3 15730.7 10016.6 12494.7 14422.3 35

36 Debt/net worth (percent) (5) 40.9 39.6 42.8 51.9 53.7 48.6 36

37 Debt/equities (percent) (6) 44.0 41.8 44.1 72.6 56.4 51.0 37

38 Equities/net worth (percent) (7) 93.1 94.7 97.0 71.5 95.2 95.2 38

 With nonfinancial assets stated at historical cost:

39 Assets (8) 20064.6 21311.5 22897.4 22451.5 22886.3 24234.6 39

40 Nonfinancial assets 8155.9 8643.9 9135.4 9513.9 9545.1 9990.9 40

41 Real estate 3324.3 3555.5 3841.6 4145.8 4334.5 4596.3 41

42 Equipment and software 3312.3 3474.3 3630.1 3738.5 3717.9 3771.4 42

43 Inventories 1519.3 1614.2 1663.6 1629.5 1492.7 1623.2 43

44 Net worth (historical cost) (9) 8882.5 9490.0 9981.5 9226.6 9988.0 10955.9 44

 Memo:

 Historical-cost value of structures:

45 Residential 64.0 68.7 73.1 76.6 78.8 80.4 45

46 Nonresidential 2884.5 3082.0 3330.7 3624.8 3809.4 3944.6 46

47 Debt/net worth (percent) (10) 62.8 64.3 69.5 78.8 70.6 67.1 47

 (1) At market value.

 (2) At replacement (current) cost.

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

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

 (5) Line 22 divided by line 32.

 (6) Line 22 divided by line 35.

 (7) Line 35 divided by line 32.

 (8) Sum of lines 6 and 40.

 (9) Line 39 less line 21.

 (10) Line 22 divided by line 44.
FFA, 2005-2010, March 8, 2012 99

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Assets 12343.2 13886.2 14338.8 13154.5 12160.5 12694.5 1

 2 Nonfinancial assets 9746.5 10769.8 10742.9 9461.3 8568.1 9246.3 2

 3 Real estate (1) 8936.6 9912.1 9830.9 8521.8 7655.1 8286.1 3

 4 Residential 5741.6 6276.5 5997.2 5084.3 4625.6 4880.9 4

 5 Nonresidential 3195.0 3635.5 3833.7 3437.5 3029.5 3405.2 5

 6 Equipment and software (2) 593.7 637.1 667.4 701.7 693.4 702.3 6

 7 Residential (3) 42.9 46.2 47.4 48.7 46.1 44.4 7

 8 Nonresidential 550.8 591.0 619.9 653.0 647.2 657.9 8

 9 Inventories (2) 216.2 220.6 244.6 237.7 219.6 257.9 9

10 Financial assets 2596.7 3116.5 3595.9 3693.1 3592.4 3448.3 10

11 Checkable deposits and currency 374.1 448.8 515.6 519.4 539.8 518.6 11

12 Time and savings deposits 324.1 344.4 359.3 358.1 353.3 338.9 12

13 Money market fund shares 69.0 72.2 74.3 75.4 73.7 70.7 13

14 Credit market instruments 96.8 96.7 106.7 95.8 89.1 85.5 14

15 Treasury securities 56.2 56.3 59.3 51.8 46.1 44.3 15

16 Municipal securities 4.4 5.8 5.3 4.9 5.1 4.9 16

17 Mortgages 36.2 34.6 42.1 39.1 37.9 36.4 17

18 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Trade receivables 430.9 470.9 525.6 522.7 496.3 476.1 19

20 Miscellaneous assets 1301.7 1683.5 2014.3 2121.8 2040.0 1958.4 20

21 Insurance receivables 99.2 103.6 107.3 111.5 112.4 112.5 21

22 Equity investment in GSEs (4) 4.1 4.3 5.0 6.4 6.3 6.7 22

23 Other 1198.4 1575.6 1902.0 2003.9 1921.3 1839.2 23

24 Liabilities 4223.9 4810.8 5399.3 5849.4 5743.6 5545.6 24

25 Credit market instruments 2941.5 3360.1 3824.9 4148.2 4008.1 3803.3 25

26 Bank loans n.e.c. 670.4 785.7 926.5 1046.1 929.8 845.9 26

27 Other loans and advances 178.3 198.6 215.3 232.2 221.0 230.0 27

28 Mortgages 2092.7 2375.9 2683.0 2869.9 2857.3 2727.4 28

29 Trade payables 334.5 348.9 374.9 380.7 388.3 368.3 29

30 Taxes payable 86.7 95.7 99.5 106.2 99.9 94.7 30

31 Miscellaneous liabilities 861.2 1006.1 1100.0 1214.3 1247.4 1279.2 31

32 Net worth (5) 8119.3 9075.4 8939.6 7305.1 6416.8 7149.0 32

 Memo:

 Replacement-cost value of structures:

33 Residential 2854.7 3025.2 3072.5 3047.3 2993.2 2982.0 33

34 Nonresidential 1391.9 1515.0 1594.6 1691.6 1592.0 1600.2 34

35 Debt/net worth (percent) (6) 36.2 37.0 42.8 56.8 62.5 53.2 35

(1) At market value.

(2) At replacement (current) cost.

(3) Durable goods in rental properties.

(4) Equity in the Farm Credit System.

(5) Line 1 less line 24. Included in table B.100, line 29.

(6) Line 25 divided by line 32.
100 FFA, 2005-2010, March 8, 2012

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Change in net worth (1) 6455.0 5182.5 -50.1 -12739.3 2666.0 3699.2 1

 2 Net investment 420.2 297.1 709.0 839.4 556.3 937.5 2

 3 Net physical investment 771.6 733.1 595.6 358.1 164.0 200.8 3

 4 Capital expenditures 1819.0 1843.1 1757.4 1559.3 1373.7 1411.3 4

 5 - Consumption of fixed capital 1047.3 1110.0 1161.8 1201.2 1209.7 1210.6 5

 6 Net lending (+) or net borrowing (-) -351.4 -436.0 113.4 481.3 392.3 736.8 6

 7 Net acquisition of financial assets 806.0 809.8 1029.5 359.7 210.6 556.7 7

 8 - Net increase in liabilities 1157.4 1245.8 916.1 -121.6 -181.7 -180.1 8

 Holding gains on assets

 9 at market value (2) 6022.5 4863.8 -797.0 -13440.4 1777.3 2874.7 9

10 Real estate 3047.0 520.3 -2118.6 -3842.1 -840.0 -356.9 10

11 Corporate equities 979.9 2138.0 830.1 -3781.5 1573.9 1326.5 11

12 Mutual fund shares 67.4 354.1 198.2 -1272.0 509.7 238.1 12

13 Equity in noncorporate business 1373.0 897.1 -149.3 -1348.1 -872.4 684.1 13

14 Life insurance and pension fund reserves 555.1 954.4 442.7 -3196.6 1406.4 983.9 14

15 Equity investment under PPIP 0.0 0.0 0.0 0.0 -0.3 -1.0 15

 Holding gains on assets

16 at current cost (2) -41.3 -35.9 -52.1 -32.5 -44.4 -90.9 16

17 Consumer durable goods -45.6 -43.2 -58.1 -36.3 -43.3 -90.7 17

18 Equipment and software 4.4 7.3 5.9 3.8 -1.2 -0.3 18

19 Other volume changes (3) 53.6 57.5 90.0 -105.8 376.8 -22.1 19

 Memo:

20 Net worth outstanding (4) 60065.8 65248.3 65198.2 52458.9 55124.9 58824.1 20

21 Disposable personal income 9277.3 9915.7 10423.6 11024.5 10788.8 11179.7 21

(1) Sum of net investment (line 2), holding gains (lines 9 and 16), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Consists of statistical discontinuities and disaster-related losses to fixed assets. Also includes the difference between series for consumption of fixed capital published by BEA.

(4) Table B.100, line 42.
FFA, 2005-2010, March 8, 2012 101

R.102 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Change in net worth (1) 2080.4 1791.8 784.6 -2193.9 -893.4 2027.0 1

 2 Net investment -116.2 -363.4 -639.4 -985.3 398.4 182.4 2

 3 Net physical investment 245.5 340.7 353.5 293.6 -100.5 171.8 3

 4 Capital expenditures 957.3 1102.5 1146.9 1112.4 760.8 987.4 4

 5 - Consumption of fixed capital 742.5 799.8 840.6 863.2 860.7 854.6 5

 6 - Inventory valuation adjustment -30.7 -38.0 -47.2 -44.5 0.6 -39.1 6

 7 Net lending (+) or net borrowing (-) -19.8 -138.4 -206.1 -943.0 563.4 288.5 7

 8 Net acquisition of financial assets 945.7 700.9 1074.9 -604.0 308.7 833.3 8

 9 - Net increase in liabilities 965.5 839.3 1281.0 339.0 -254.7 544.8 9

10 Net corporate equity issues -341.8 -565.7 -786.8 -336.0 -64.6 -278.0 10

 Holding gains on assets

11 at market value (2) 1569.1 1202.9 310.8 -1439.4 -1492.2 1172.1 11

12 Real estate 1560.7 1187.1 300.6 -1380.2 -1516.1 1156.1 12

13 Mutual fund shares 8.4 15.8 10.1 -59.2 23.9 15.9 13

 Holding gains on assets less

14 liabilities at current cost (2) 165.6 181.5 229.8 9.7 148.7 63.2 14

15 Equipment and software 86.1 137.7 51.4 103.4 -20.3 -1.5 15

16 Inventories (3) 34.2 10.2 60.9 -50.5 29.4 58.8 16

17 Direct investment abroad 86.3 15.9 145.1 -144.4 3.1 -30.9 17

18 - Foreign direct investment in U.S. 41.0 -17.7 27.7 -101.2 -136.5 -36.8 18

19 Other volume changes (4) 461.8 770.8 883.5 221.1 51.8 609.4 19

 Memo:

20 Net worth outstanding (5) 13632.9 15424.8 16209.4 14015.5 13122.1 15149.1 20

(1) Sum of net investment (line 2), holding gains (lines 11 and 14), and other volume changes (line 19).

(2) Calculated as change in amount outstanding less net purchases during period less disaster-related losses to fixed assets.

(3) Before inventory valuation adjustment.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.102, line 32.
102 FFA, 2005-2010, March 8, 2012

R.103 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Change in net worth (1) 1375.7 956.2 -135.9 -1634.5 -888.3 732.1 1

 2 Net capital transfers paid -13.1 0.0 0.0 -3.3 -6.0 -7.8 2

 3 Net investment 17.4 64.0 12.8 -296.8 -3.6 57.1 3

 4 Net physical investment 125.4 131.0 122.2 55.9 -8.5 1.7 4

 5 Capital expenditures 275.7 293.3 306.5 267.2 202.4 211.4 5

 6 - Consumption of fixed capital 150.3 162.3 184.3 211.3 210.8 209.7 6

 7 Net lending (+) or net borrowing (-) -112.3 -131.0 -122.2 -52.6 14.5 6.1 7

 8 Net acquisition of financial assets 437.3 519.8 479.4 97.2 -100.8 -144.1 8

 9 - Net increase in liabilities 549.6 650.8 601.6 149.9 -115.2 -150.2 9

10 Proprietor’s net investment (2) 4.4 64.0 12.8 -300.0 -9.6 49.3 10

11 Holding gains on real estate (3) 1413.7 925.1 -135.2 -1343.7 -869.2 645.3 11

12 Residential 865.7 507.8 -300.4 -919.3 -455.3 265.9 12

13 Nonresidential 548.0 417.3 165.2 -424.4 -413.9 379.5 13

14 Holding gains on assets at current cost (3) -29.6 -31.0 -12.2 11.0 -14.5 31.7 14

15 Residential equipment and software 1.3 1.2 -0.4 0.2 -2.8 -2.6 15

16 Nonresidential equipment and software -39.1 -36.5 -34.9 16.7 -3.0 -1.8 16

17 Inventories 8.2 4.3 23.1 -6.0 -8.8 36.1 17

18 Other volume changes (4) -12.8 -1.9 -1.4 -1.7 5.0 5.8 18

 Memo:

19 Net worth outstanding (5) 8119.3 9075.4 8939.6 7305.1 6416.8 7149.0 19

(1) Sum of net capital transfers paid (line 2), net investment (line 3), holding gains (lines 11 and 14), and other volume changes (line 18).

(2) Shown on table F.103, line 30.

(3) Calculated as change in amount outstanding less net investment during period less disaster-related losses to fixed assets.

(4) Consists of statistical discontinuities and disaster-related losses to fixed assets.

(5) Table B.103, line 32.
FFA, 2005-2010, March 8, 2012 103

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Current receipts, NIPA basis 3659.3 3995.2 4197.0 4051.6 3703.7 3962.8 1

 2 Personal current taxes 1208.6 1352.4 1488.7 1435.7 1141.4 1193.9 2

 3 Taxes on production and imports 930.2 986.8 1027.2 1038.6 1017.9 1054.0 3

 4 Taxes on corporate income 395.9 454.2 420.6 281.0 249.1 387.4 4

 5 Taxes from the rest of the world 12.1 14.0 14.7 18.8 14.7 13.3 5

 6 Contributions for govt. social insurance 877.4 926.4 964.2 992.1 969.0 991.7 6

 7 Income receipts on assets 111.9 129.6 144.2 137.5 141.4 144.0 7

 8 Current transfer receipts 126.7 136.0 149.2 163.9 185.2 194.1 8

 9 Current surplus of government enterprises -3.5 -4.2 -11.8 -16.0 -14.9 -15.7 9

10 Current expenditures, NIPA basis 3916.4 4147.9 4430.0 4737.3 4999.7 5261.8 10

11 Consumption expenditures 1977.9 2093.3 2217.8 2381.0 2412.2 2497.5 11

12 Government social benefits 1494.0 1596.1 1701.2 1857.9 2116.0 2259.5 12

13 Other current transfer payments 40.9 34.9 42.2 45.3 53.3 57.3 13

14 Interest payments 342.7 372.2 414.3 400.2 358.6 390.2 14

15 Subsidies 60.9 51.4 54.6 52.9 59.7 57.3 15

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

17 Net government saving, NIPA basis -257.1 -152.7 -233.0 -685.7 -1296.0 -1299.0 17

18 + Consumption of fixed capital 250.6 269.3 291.3 311.2 323.7 334.0 18

19 - Insurance and pension fund reserves (1) 0.7 0.1 0.1 -0.6 0.5 -1.7 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 4.7 4.6 4.7 4.8 4.9 4.9 20

21 - Net capital transfers (2) 10.0 -14.7 -2.6 3.0 14.9 29.8 21

22 = Gross saving less net capital transfers -21.9 126.6 56.1 -381.7 -992.5 -997.8 22

23 Gross investment -24.5 133.5 53.3 -447.3 -920.1 -919.8 23

24 Fixed investment 392.0 425.1 456.5 497.2 505.4 505.3 24

25 Nonproduced nonfinancial assets 9.8 -2.2 12.5 -5.1 7.3 14.8 25

26 Net lending (+) or net borrowing (-) -426.3 -289.4 -415.7 -939.4 -1432.8 -1439.9 26

27 Net acquisition of financial assets 67.0 62.0 92.8 520.4 217.3 347.7 27

28 U.S. official reserve assets -14.4 -2.7 -0.4 4.2 51.9 1.6 28

29 Checkable deposits and currency 21.7 2.7 20.4 321.6 -155.0 155.5 29

30 Time and savings deposits 11.8 26.4 37.6 17.9 11.2 -0.4 30

31 Money market fund shares 3.2 2.8 6.6 -1.8 4.1 5.4 31

32 Security RPs 6.3 5.6 13.0 -3.5 8.0 10.6 32

33 Credit market instruments 37.5 39.8 65.5 3.9 239.8 115.5 33

34 Open market paper 8.3 7.3 -3.0 -64.6 -54.5 7.0 34

35 Agency- and GSE-backed securities (3) 18.0 15.8 37.0 44.5 124.9 -37.2 35

36 Municipal securities 0.2 0.2 0.5 -0.1 0.3 0.4 36

37 Corporate and foreign bonds 5.7 5.0 11.7 -3.1 7.8 9.8 37

38 Mortgages 9.2 9.7 15.4 9.5 21.1 2.4 38

39 Consumer credit 3.7 1.9 6.7 12.6 75.0 130.4 39

40 Other loans and advances (4) -7.7 -0.0 -2.9 5.2 65.2 2.7 40

41 Corporate equities -1.7 -7.9 0.7 275.3 16.5 -4.9 41

42 Mutual fund shares -0.5 -2.4 -0.1 13.1 -7.7 -8.5 42

43 Trade receivables 15.7 -5.9 14.5 0.6 -12.9 10.1 43

44 Taxes receivable 40.7 5.0 -32.7 -59.8 38.2 69.3 44

45 Miscellaneous assets -53.2 -1.4 -32.4 -51.2 23.1 -6.5 45

46 Net increase in liabilities 493.3 351.4 508.5 1459.7 1650.1 1787.6 46

47 SDR allocations 0.0 0.0 0.0 0.0 47.6 0.0 47

48 SDR certificates 0.0 0.0 0.0 0.0 3.0 0.0 48

49 Treasury currency 0.8 0.6 -0.7 -0.8 -0.4 -0.3 49

50 Credit market instruments 357.6 249.3 365.0 1308.3 1535.7 1635.9 50

51 Savings bonds 0.7 -2.7 -6.0 -2.4 -2.8 -3.3 51

52 Treasury bills and other Treasury securities (4) 220.7 154.7 225.2 1291.4 1427.7 1573.2 52

53 Budget agency securities -0.4 -0.3 -0.4 0.2 0.1 0.7 53

54 Municipal securities 136.6 97.7 146.2 19.2 110.7 65.3 54

55 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Trade payables 65.8 40.6 66.4 61.8 -18.4 60.6 56

57 Insurance reserves 1.1 1.5 1.2 1.0 1.1 0.9 57

58 Miscellaneous liabilities (5) 68.0 59.4 76.6 89.5 81.4 90.6 58

59 Discrepancy 2.7 -6.9 2.7 65.6 -72.4 -78.1 59

 Memo:

60 Net govt. saving less fixed investment (6) -649.1 -577.8 -689.5 -1182.9 -1801.4 -1804.3 60

61 Adjustment between NIPA and FOF (7) 222.8 288.4 273.8 243.5 368.6 364.4 61

62 Items to be financed (8) -426.3 -289.4 -415.7 -939.4 -1432.8 -1439.9 62

(1) Railroad Retirement Board, the National Railroad Retirement Investment Trust, and federal government life insurance reserves. Saving transferred to the households and nonprofit organizations sector.

 Includes value of Treasury and agency- and GSE-backed securities held by state and local government employee retirement funds.

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

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

(4) Excludes transactions with state and local governments.

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

 retirement fund, and foreign service retirement and disability fund.

(6) Line 17 less line 24.

(7) Line 18 less the sum of lines 19, 20, 21, 25, and 59.

(8) Line 59 plus line 60.
104 FFA, 2005-2010, March 8, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2352.5 2419.1 2666.5 3203.7 3346.6 3692.9 1

 2 U.S. official reserve assets 35.3 34.5 36.4 41.9 94.6 95.4 2

 3 Checkable deposits and currency 93.3 94.8 113.6 433.6 278.5 433.6 3

 4 Time and savings deposits 184.8 211.2 248.8 266.6 277.8 277.4 4

 5 Money market fund shares 69.8 72.7 79.3 77.5 81.6 86.9 5

 6 Security RPs 137.5 143.0 156.1 152.6 160.6 171.2 6

 7 Credit market instruments 1111.1 1151.0 1216.5 1220.4 1460.3 1575.8 7

 8 Open market paper 180.0 187.3 184.3 119.8 65.3 72.2 8

 9 Agency- and GSE-backed securities (1) 391.1 407.0 444.0 488.5 613.4 576.2 9

10 Municipal securities 4.9 5.1 5.5 5.4 5.7 6.1 10

11 Corporate and foreign bonds 123.9 129.0 140.7 137.5 145.4 155.2 11

12 Mortgages 224.5 234.2 249.7 259.1 280.2 282.7 12

13 Consumer credit 89.8 91.7 98.4 111.0 186.0 316.4 13

14 Other loans and advances (2) 96.8 96.8 93.9 99.1 164.3 167.0 14

15 Corporate equities 94.3 98.1 108.0 270.8 185.0 159.8 15

16 Mutual fund shares 28.9 30.0 32.8 32.0 33.7 30.9 16

17 Trade receivables 211.9 206.0 220.5 221.1 208.3 218.4 17

18 Taxes receivable 232.6 285.1 342.5 389.3 416.1 448.9 18

19 Miscellaneous assets 153.1 92.7 112.1 97.8 150.2 194.6 19

20 Total liabilities 8566.6 8912.6 9421.7 10881.1 12528.1 14312.0 20

21 SDR allocations 7.0 7.4 7.7 7.5 55.4 54.4 21

22 SDR certificates 2.2 2.2 2.2 2.2 5.2 5.2 22

23 Treasury currency 27.5 28.1 27.4 26.6 26.2 25.9 23

24 Credit market instruments 6838.9 7088.2 7453.2 8761.5 10297.2 11933.1 24

25 Savings bonds 205.1 202.4 196.4 194.0 191.2 187.9 25

26 Treasury bills and other Treasury securities (3) 3997.9 4152.6 4377.7 5669.1 7096.8 8670.0 26

27 Budget agency securities 23.8 23.5 23.1 23.3 23.5 24.2 27

28 Municipal securities 2612.0 2709.7 2855.9 2875.0 2985.7 3051.1 28

29 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Trade payables 684.7 725.3 791.7 853.4 835.0 895.6 30

31 Insurance reserves 42.7 44.2 45.4 46.4 47.5 48.4 31

32 Miscellaneous liabilities (4) 963.7 1017.2 1094.2 1183.5 1261.6 1349.4 32

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

(2) Excludes loans to state and local governments.

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

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

 retirement fund, and foreign service retirement and disability fund.
FFA, 2005-2010, March 8, 2012 105

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Net acquisition of financial assets -35.4 -46.6 -76.4 -82.4 -35.1 -31.9 1

 2 Checkable deposits and currency 0.1 0.2 0.2 0.1 2.8 10.1 2

 3 Time and savings deposits 5.6 0.4 1.6 1.1 3.3 4.2 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 0.7 0.3 0.2 0.1 -0.0 -0.1 5

 6 Credit market instruments 33.8 34.3 84.8 71.8 114.1 78.6 6

 7 Open market paper 0.6 0.3 -4.5 10.1 -4.1 -5.4 7

 8 Treasury securities 1.4 11.8 32.8 10.1 97.9 140.2 8

 9 Agency- and GSE-backed securities 16.1 2.6 26.7 13.7 -23.4 -97.5 9

10 Corporate and foreign bonds 15.9 19.6 30.3 38.2 44.6 42.2 10

11 Mortgages -0.2 -0.1 -0.5 -0.3 -0.9 -0.9 11

12 Corporate equities -49.0 -107.9 -209.0 -171.1 -159.6 -120.2 12

13 Mutual fund shares -7.0 -0.2 20.1 15.5 -5.2 -2.6 13

14 Miscellaneous assets -19.8 26.3 25.6 0.0 9.6 -2.0 14

15 Unallocated insurance contracts (1) -16.4 12.0 29.0 24.0 5.6 -1.9 15

16 Contributions receivable -1.9 -0.2 -0.2 -0.1 -0.4 -0.9 16

17 Other -1.5 14.5 -3.1 -23.9 4.4 0.8 17

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

F.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Net acquisition of financial assets 107.8 100.1 108.1 45.6 95.1 93.1 1

 2 Checkable deposits and currency 0.2 0.2 0.4 0.3 1.4 1.4 2

 3 Time and savings deposits 0.7 0.5 3.0 -0.8 1.4 0.2 3

 4 Money market fund shares 1.9 3.4 3.4 2.3 0.6 -0.1 4

 5 Security RPs 0.3 0.4 3.1 7.2 3.1 0.9 5

 6 Credit market instruments 11.4 24.1 17.7 18.9 -2.5 29.4 6

 7 Open market paper 2.4 -0.1 -0.3 0.2 -6.4 -6.3 7

 8 Treasury securities 2.1 2.4 5.9 5.3 27.9 35.8 8

 9 Agency- and GSE-backed securities 0.7 14.0 1.4 7.7 -25.7 -0.6 9

10 Corporate and foreign bonds 6.3 8.1 9.5 4.5 -1.8 -1.6 10

11 Mortgages 0.0 -0.2 1.2 1.2 3.5 2.2 11

12 Corporate equities 6.9 21.4 20.7 -13.6 -16.0 9.2 12

13 Mutual fund shares 77.0 75.0 68.0 20.0 95.0 83.0 13

14 Miscellaneous assets 9.4 -25.0 -8.1 11.3 12.0 -30.9 14

15 Unallocated insurance contracts (2) 15.0 -13.4 -2.7 14.2 4.5 -2.5 15

16 Contributions receivable 0.0 -1.8 4.7 0.8 2.9 -0.4 16

17 Other -5.6 -9.8 -10.1 -3.7 4.6 -28.0 17

(1) Includes 401(k) type plans.

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

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

Billions of dollars

 1 Total held at: 206.4 247.4 275.7 247.5 198.6 88.7 1

 2 U.S.-chartered commercial banks 7.3 26.7 8.7 37.4 27.5 21.0 2

 3 Saving institutions 0.1 3.9 13.5 6.8 3.3 5.6 3

 4 Credit unions 1.6 3.9 5.0 7.2 8.7 3.0 4

 5 Life insurance companies 28.2 12.2 17.9 28.9 -6.0 11.9 5

 6 Money market mutual funds 7.0 34.0 44.0 46.0 -40.0 -23.0 6

 7 Mutual funds 71.1 107.0 119.9 -119.7 148.0 119.9 7

 8 Other self-directed accounts 91.1 59.8 66.6 240.9 57.2 -49.7 8

(1) Assets of the household sector (F.100). IRA assets are not included in pension fund reserves (table F.225), except for those at life insurance companies. Figures for depositories (lines 2 through 4)

 include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund sector (line 6).
106 FFA, 2005-2010, March 8, 2012

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Total financial assets 2281.3 2529.5 2596.0 1853.5 2104.7 2262.0 1

 2 Checkable deposits and currency 5.3 5.5 5.8 5.9 8.7 18.8 2

 3 Time and savings deposits 42.0 42.3 44.0 45.0 48.3 52.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 5.1 5.4 5.6 5.8 5.7 5.7 5

 6 Credit market instruments 468.5 502.8 587.6 659.3 773.4 852.0 6

 7 Open market paper 5.1 5.5 1.0 11.0 6.9 1.6 7

 8 Treasury securities 60.0 71.8 104.6 114.8 212.7 352.8 8

 9 Agency- and GSE-backed securities 198.5 201.1 227.8 241.5 218.2 120.7 9

10 Corporate and foreign bonds 200.6 220.2 250.6 288.7 333.3 375.5 10

11 Mortgages 4.2 4.1 3.6 3.2 2.3 1.5 11

12 Corporate equities 1392.8 1520.7 1423.8 777.1 805.2 810.0 12

13 Mutual fund shares 253.4 296.4 338.6 228.0 286.3 323.5 13

14 Miscellaneous assets 114.3 156.4 190.7 132.4 177.1 199.4 14

15 Unallocated insurance contracts (1) 88.8 116.5 154.2 119.9 160.5 182.9 15

16 Contributions receivable 1.8 1.6 1.4 1.3 0.9 0.0 16

17 Other 23.7 38.2 35.1 11.3 15.7 16.5 17

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

L.118.c Private Pension Funds: Defined Contribution Plans (1)

Billions of dollars

 1 Total financial assets 3107.3 3553.3 3814.5 2699.2 3366.3 3835.7 1

 2 Checkable deposits and currency 5.5 5.7 6.0 6.4 7.7 9.1 2

 3 Time and savings deposits 20.3 20.8 23.7 22.9 24.3 24.6 3

 4 Money market fund shares 86.7 90.1 93.5 95.7 96.4 96.3 4

 5 Security RPs 16.6 17.0 20.1 27.3 30.5 31.4 5

 6 Credit market instruments 231.4 255.6 273.3 292.1 289.6 319.1 6

 7 Open market paper 26.4 26.3 26.0 26.1 19.7 13.4 7

 8 Treasury securities 56.5 59.0 64.9 70.2 98.1 133.9 8

 9 Agency- and GSE-backed securities 53.5 67.5 68.9 76.6 50.9 50.3 9

10 Corporate and foreign bonds 89.3 97.4 106.9 111.4 109.6 108.0 10

11 Mortgages 5.6 5.4 6.6 7.8 11.3 13.5 11

12 Corporate equities 1048.9 1204.1 1249.5 822.7 1030.6 1202.3 12

13 Mutual fund shares 1332.0 1584.0 1772.0 1138.0 1531.0 1803.0 13

14 Miscellaneous assets 365.9 376.2 376.4 294.1 356.2 350.0 14

15 Unallocated insurance contracts (2) 249.6 271.4 277.1 197.7 252.3 274.6 15

16 Contributions receivable 43.0 41.2 45.8 46.7 49.6 49.1 16

17 Other 73.3 63.6 53.4 49.7 54.3 26.3 17

(1) Includes 401(k) type plans.

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

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

Billions of dollars

 1 Total held at: 3652.0 4207.0 4784.0 3585.0 4251.0 4710.0 1

 2 U.S.-chartered commercial banks 175.3 202.0 210.7 248.1 275.5 296.5 2

 3 Saving institutions 53.8 57.6 71.2 77.9 81.2 86.8 3

 4 Credit unions 49.3 53.2 58.2 65.5 74.2 77.2 4

 5 Life insurance companies 381.0 406.0 426.0 381.6 405.5 436.0 5

 6 Money market mutual funds 142.0 176.0 220.0 266.0 226.0 203.0 6

 7 Mutual funds 1487.0 1763.0 1981.0 1264.0 1651.0 1911.0 7

 8 Other self-directed accounts 1363.6 1549.2 1816.9 1281.9 1537.6 1699.5 8

(1) Assets of the household sector (L.100), shown at market value. IRA assets are not included in pension fund reserves (table L.225), except for those at life insurance companies. Figures for depositories

 (lines 2 through 4) include Keogh accounts. Variable annuities in IRAs are in the life insurance sector (line 5) and are excluded from the mutual fund sector (line 7) and from the money market fund

 sector (line 6).
FFA, 2005-2010, March 8, 2012 107

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

Billions of dollars

2005 2006 2007 2008 2009 2010

 

 1 Assets 72250.2 78678.6 79544.5 66688.6 69172.9 72729.8 1

 2 Nonfinancial assets 28316.8 29546.2 27970.0 24454.0 23738.6 23477.4 2

 3 Financial assets 43933.4 49132.4 51574.6 42234.6 45434.3 49252.4 3

 4 Deposits 6139.9 6753.1 7406.0 8013.5 7883.9 7790.1 4

 5 Credit market instruments 4169.9 4343.4 4936.6 4865.2 5096.7 5314.4 5

 6 Equity shares at market value 17400.3 20368.2 20950.7 12444.7 15946.4 18347.7 6

 7 Directly held 8096.1 9652.6 9636.8 5746.9 7408.7 8663.1 7

 8 Indirectly held 9304.2 10715.6 11314.0 6697.9 8537.6 9684.5 8

 9 Life insurance companies 1140.1 1334.7 1466.8 956.9 1220.3 1420.5 9

10 Private pension funds 3630.8 4155.6 4260.5 2471.9 3055.6 3437.1 10

11 Defined benefit plans 1567.7 1729.9 1660.7 903.5 975.2 1004.3 11

12 Defined contribution plans 2063.1 2425.7 2599.8 1568.5 2080.3 2432.9 12

13 State and local govt. retirement funds 1887.3 2129.0 2221.0 1338.3 1684.5 1939.0 13

14 Federal government retirement funds 112.6 138.1 149.1 85.6 119.4 143.7 14

15 Mutual funds 2533.4 2958.1 3216.5 1845.1 2457.8 2744.2 15

16 Other 16223.3 17667.7 18281.3 16911.2 16507.4 17800.2 16

17 Liabilities 12184.5 13430.3 14346.4 14229.7 14048.0 13905.7 17

18 Net worth 60065.8 65248.3 65198.2 52458.9 55124.9 58824.1 18

 Memo:

19 Equity shares excluding defined benefit plans 13925.8 16487.8 17047.6 10190.6 13272.4 15389.2 19

 (line 6 minus lines 11, 13 and part of line 14)

 Equity shares (line 6) as a percent of

20 Total assets (line 1) 24.1 25.9 26.3 18.7 23.1 25.2 20

21 Financial assets (line 3) 39.6 41.5 40.6 29.5 35.1 37.3 21

(1) Estimates of equity shares (lines 7 through 15 could differ from other sources owing to alternative definitions of ownership of equity by households.

 Prior to 1985, all pension assets are assumed to have been in defined benefit plans.