March 8, 2012

Flow of Funds Accounts 

of the United States 

Annual Flows and Outstandings

1965-1974

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, 1965-1974, March 8, 2012 1

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Credit market borrowing 78.5 80.1 80.7 105.5 119.3 110.3 150.6 184.0 237.1 238.5 1

 2 Domestic nonfinancial sectors 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 175.1 2

 3 Household sector 28.4 22.3 23.2 28.6 31.4 18.5 41.6 56.0 69.0 56.6 3

 4 Nonfinancial corporate business 20.2 24.8 22.3 31.6 32.8 41.8 28.9 39.3 75.9 56.0 4

 5 Nonfinancial noncorporate business 9.3 9.7 10.3 11.0 15.3 6.8 22.7 31.3 17.9 37.1 5

 6 State and local governments 7.6 6.9 7.3 8.8 12.1 12.1 16.4 14.0 14.1 13.4 6

 7 Federal government 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 7

 8 Rest of the world 2.5 1.9 3.9 2.7 3.2 2.8 5.1 4.4 6.3 13.8 8

 9 Financial sectors 8.9 11.0 0.7 10.4 27.6 16.2 11.1 23.9 47.0 49.6 9

10 U.S.-chartered commercial banks 0.8 0.3 0.8 0.3 0.6 1.4 1.5 0.3 1.6 7.9 10

11 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 11

12 Bank holding companies 0.0 0.0 0.0 0.0 4.3 -0.8 0.8 2.6 3.2 4.4 12

13 Savings institutions 0.8 1.0 -2.7 0.9 4.1 1.2 -2.0 0.5 7.6 6.2 13

14 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Government-sponsored enterprises 2.1 4.8 -0.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 16

17 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 17

18 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Finance companies 4.9 4.4 2.4 4.3 8.1 3.6 2.8 7.7 9.4 7.0 19

20 REITs 0.0 0.0 0.0 0.8 0.7 0.7 1.9 4.6 4.9 0.3 20

21 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Credit market lending 78.5 80.1 80.7 105.5 119.3 110.3 150.6 184.0 237.1 238.5 23

24 Domestic nonfinancial sectors 9.3 23.7 8.6 20.0 46.3 6.5 0.6 9.2 35.2 63.4 24

25 Household sector 3.9 19.7 5.3 8.2 39.0 2.4 -9.8 -3.2 24.8 42.3 25

26 Nonfinancial corporate business -0.2 -1.0 -1.4 2.5 -1.2 1.9 8.0 2.6 -3.4 8.6 26

27 Nonfinancial noncorporate business 0.3 -0.1 -0.0 0.2 0.4 0.7 1.3 1.2 0.2 -0.2 27

28 State and local governments 2.5 -0.0 0.2 3.8 5.0 -1.3 -1.7 6.7 9.7 6.5 28

29 Federal government 2.9 5.1 4.6 5.2 3.1 2.8 2.8 1.8 3.9 6.2 29

30 Rest of the world 0.5 -0.1 2.8 2.6 0.6 11.8 27.9 10.3 1.5 5.1 30

31 Financial sectors 68.7 56.5 69.3 83.0 72.4 92.0 122.2 164.4 200.4 169.9 31

32 Monetary authority 4.0 3.1 5.3 3.9 4.2 5.0 7.4 1.6 9.3 4.9 32

33 U.S.-chartered commercial banks 28.6 17.4 35.9 38.4 14.2 34.4 50.9 68.1 80.0 64.7 33

34 Foreign banking offices in U.S. 0.2 0.5 0.7 0.4 1.6 3.5 0.0 0.6 4.8 9.1 34

35 Bank holding companies 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 35

36 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.1 0.3 0.3 0.1 0.5 36

37 Savings institutions 13.3 8.1 13.2 14.1 12.2 15.2 34.8 42.7 33.5 22.2 37

38 Credit unions 1.0 1.1 0.9 1.5 2.1 1.4 2.0 2.9 3.6 2.7 38

39 Property-casualty insurance companies 1.0 1.5 1.4 1.9 1.6 3.8 3.8 3.7 3.4 4.6 39

40 Life insurance companies 7.6 8.1 7.4 7.3 6.9 7.0 8.2 9.7 12.3 12.9 40

41 Private pension funds 1.9 2.8 0.9 1.1 0.8 2.0 -1.6 5.5 6.2 8.9 41

42 State and local govt. retirement funds 2.9 3.7 3.3 3.4 3.8 4.1 3.3 4.6 5.7 6.3 42

43 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 44

45 Mutual funds 0.7 1.3 -0.8 -0.2 1.0 0.6 -0.2 0.5 0.6 0.8 45

46 Closed-end funds 0.0 -0.0 0.1 0.4 -0.0 -0.7 0.6 0.3 0.5 -0.2 46

47 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Government-sponsored enterprises 2.3 5.1 -0.0 3.2 8.6 8.8 1.1 4.0 15.4 20.9 48

49 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 49

50 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Finance companies 4.8 2.3 0.5 5.2 8.6 2.3 6.1 9.9 11.9 5.4 51

52 REITs 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 52

53 Brokers and dealers -0.2 0.8 -0.3 0.6 0.1 2.3 -1.4 1.3 1.6 0.2 53

54 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 54

(1) Excludes corporate equities and mutual fund shares.
2 FFA, 1965-1974, March 8, 2012

F.2 Credit Market Borrowing by Nonfinancial Sectors

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Domestic 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 175.1 1

 2 By instrument 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 175.1 2

 3 Commercial paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 3

 4 Treasury securities 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 4

 5 Agency- and GSE-backed securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 5

 6 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 6

 7 Corporate bonds 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 7

 8 Bank loans n.e.c. 12.0 11.4 8.3 12.0 16.3 4.6 6.3 15.6 38.1 36.7 8

 9 Other loans and advances 4.1 5.3 2.8 5.3 10.7 5.8 5.1 6.9 12.3 16.3 9

10 Mortgages 27.5 23.7 23.6 29.2 30.3 30.7 48.5 71.4 77.4 62.1 10

11 Home 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 11

12 Multifamily residential 3.6 3.1 3.5 3.4 4.8 8.0 9.7 12.6 10.3 6.8 12

13 Commercial 4.5 5.8 4.8 6.6 5.9 8.2 10.0 16.9 19.4 14.6 13

14 Farm 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 14

15 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 15

16 By sector 67.1 67.2 76.1 92.4 88.5 91.2 134.5 155.6 183.8 175.1 16

17 Household sector 28.4 22.3 23.2 28.6 31.4 18.5 41.6 56.0 69.0 56.6 17

18 Nonfinancial business 29.5 34.5 32.7 42.5 48.1 48.6 51.5 70.6 93.8 93.2 18

19 Corporate 20.2 24.8 22.3 31.6 32.8 41.8 28.9 39.3 75.9 56.0 19

20 Noncorporate 9.3 9.7 10.3 11.0 15.3 6.8 22.7 31.3 17.9 37.1 20

21 State and local governments 7.6 6.9 7.3 8.8 12.1 12.1 16.4 14.0 14.1 13.4 21

22 Federal government 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 22

23 Foreign borrowing in U.S. 2.5 1.9 3.9 2.7 3.2 2.8 5.1 4.4 6.3 13.8 23

24 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 24

25 Bonds 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 25

26 Bank loans n.e.c. 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 26

27 Other loans and advances 1.5 1.2 3.0 2.0 2.4 2.1 2.1 0.4 2.6 6.6 27

28 Domestic and foreign 69.6 69.1 80.0 95.1 91.7 94.1 139.5 160.0 190.1 188.9 28

F.3 Credit Market Borrowing by Financial Sectors

Billions of dollars

 1 By instrument 8.9 11.0 0.7 10.4 27.6 16.2 11.1 23.9 47.0 49.6 1

 2 Open market paper 1.2 3.7 2.7 3.0 11.4 0.3 0.8 0.9 7.0 13.4 2

 3 GSE issues 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 3

 4 Agency- and GSE-backed mortgage pool sec. 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 4

 5 Corporate bonds 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 5

 6 Bank loans n.e.c. 3.5 -0.6 -0.5 1.7 1.5 2.1 2.2 6.7 7.2 0.6 6

 7 Other loans and advances 0.9 0.7 -2.6 1.1 3.7 1.3 -2.7 0.0 7.2 7.4 7

 8 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 8

 9 By sector 8.9 11.0 0.7 10.4 27.6 16.2 11.1 23.9 47.0 49.6 9

10 U.S.-chartered commercial banks 0.8 0.3 0.8 0.3 0.6 1.4 1.5 0.3 1.6 7.9 10

11 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 11

12 Bank holding companies 0.0 0.0 0.0 0.0 4.3 -0.8 0.8 2.6 3.2 4.4 12

13 Savings institutions 0.8 1.0 -2.7 0.9 4.1 1.2 -2.0 0.5 7.6 6.2 13

14 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Government-sponsored enterprises 2.1 4.8 -0.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 16

17 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 17

18 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Finance companies 4.9 4.4 2.4 4.3 8.1 3.6 2.8 7.7 9.4 7.0 19

20 REITs 0.0 0.0 0.0 0.8 0.7 0.7 1.9 4.6 4.9 0.3 20

21 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
FFA, 1965-1974, March 8, 2012 3

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total 78.5 80.1 80.7 105.5 119.3 110.3 150.6 184.0 237.1 238.5 1

 2 Open market paper 0.9 4.6 4.2 4.2 12.5 2.1 -0.1 1.6 8.4 17.8 2

 3 Treasury securities 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 3

 4 Agency- and GSE-backed securities 2.6 6.9 4.3 6.9 7.4 8.8 4.9 9.3 20.4 21.0 4

 5 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 5

 6 Corporate and foreign bonds 6.5 12.5 16.8 14.6 14.0 23.2 24.5 20.6 15.5 29.0 6

 7 Bank loans n.e.c. 16.1 10.8 7.4 13.3 17.5 6.5 10.5 25.3 48.0 42.0 7

 8 Other loans and advances 6.4 7.2 3.2 8.4 16.8 9.3 4.6 7.3 22.1 30.2 8

 9 Mortgages 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 9

10 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 10

 Memo:

 Funds raised through corporate equities and mutual fund shares

11 Total net issues 1.7 4.1 2.8 3.9 8.9 7.1 14.9 11.7 12.0 5.8 11

12 Corporate equities -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 12

13 Nonfinancial -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 13

 Foreign shares purchased by

14 U.S. residents 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 14

15 Financial -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 15

16 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 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) 78.5 80.1 80.7 105.5 119.3 110.3 150.6 184.0 237.1 238.5 1

 2 U.S. official reserve assets 0.4 0.0 1.1 2.0 0.2 -0.8 -0.8 1.3 -0.2 1.5 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 3

 4 Treasury currency 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 4

 5 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 5

 6 Net interbank transactions 0.6 6.0 2.3 5.8 12.4 -3.0 -1.7 -4.8 -2.7 -1.1 6

 7 Checkable deposits and currency 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 7

 8 Small time and savings deposits 27.3 18.0 34.7 26.6 14.4 30.6 68.4 70.7 39.4 36.9 8

 9 Large time deposits 5.9 2.3 5.9 6.7 -15.1 24.2 13.5 17.7 39.1 41.0 9

10 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 10

11 Security RPs 0.8 -0.0 -0.7 0.6 6.0 -3.6 3.9 1.7 16.4 2.2 11

12 Corporate equities -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 12

13 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 13

14 Trade payables 13.8 11.0 9.3 17.2 23.6 9.9 16.7 28.5 47.9 36.7 14

15 Security credit 1.1 0.8 7.0 6.6 -6.7 -0.8 3.8 8.7 -7.9 -3.6 15

16 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 16

17 Pension fund reserves 18.4 21.1 21.4 24.4 27.0 20.6 24.1 43.6 34.5 37.5 17

18 Taxes payable 2.1 -0.9 -4.4 1.3 -1.5 -2.0 4.1 3.9 5.4 9.0 18

19 Noncorporate proprietors’ equity 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.8 -26.9 19

20 Miscellaneous 11.9 8.5 15.2 18.4 25.8 32.8 37.2 53.3 50.4 35.4 20

21 Total financial sources 177.2 163.3 197.2 242.8 227.0 243.4 361.5 448.0 506.9 429.5 21

 - Liabilities not identified as assets:

22 Treasury currency 0.1 0.2 0.2 0.2 0.2 -0.1 0.0 -0.2 0.0 -0.1 22

23 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Net interbank liabilities 0.2 0.8 0.0 0.6 -0.1 0.6 -1.0 -4.6 0.6 2.5 24

25 Security RPs -0.6 -2.7 0.5 1.5 -1.2 2.7 0.8 -0.0 0.7 6.8 25

26 Taxes payable 0.8 0.5 0.6 0.2 1.7 0.6 1.4 2.5 2.3 7.3 26

27 Miscellaneous -5.5 1.0 -0.7 0.4 8.1 3.5 -1.4 -19.2 -6.1 3.9 27

 - Floats not included in assets:

28 Checkable deposits: State and local govt. 1.3 0.3 -0.2 2.0 -1.2 1.2 -1.1 0.2 0.3 0.0 28

29 Federal govt. 0.4 -0.0 0.6 1.0 -0.9 -1.0 -0.4 0.6 0.3 -0.1 29

30 Private domestic 0.1 2.1 -0.2 1.5 2.1 0.2 2.0 4.5 -0.6 0.4 30

31 Trade credit -0.9 -4.7 -2.5 -3.2 -3.3 1.1 3.4 -1.4 -1.0 1.1 31

 Totals identified to sectors

32 as assets 181.2 165.9 198.8 238.5 221.6 234.5 357.7 465.7 510.3 407.7 32
4 FFA, 1965-1974, March 8, 2012

F.6 Distribution of Gross Domestic Product (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross Domestic Product (GDP) 719.1 787.7 832.4 909.8 984.4 1038.3 1126.8 1237.9 1382.3 1499.4 1

 2 Personal consumption expenditures (2) 443.8 480.9 507.8 558.0 605.1 648.3 701.6 770.2 852.0 932.9 2

 3 Durable goods 66.4 71.7 74.0 84.8 90.5 90.0 102.4 116.4 130.5 130.2 3

 4 Nondurable goods 163.3 177.9 185.0 199.8 214.2 228.8 239.7 257.4 286.1 321.4 4

 5 Services 214.1 231.3 248.8 273.4 300.4 329.5 359.5 396.4 435.4 481.4 5

 6 Gross private domestic investment 118.2 131.3 128.6 141.2 156.4 152.4 178.2 207.6 244.5 249.4 6

 7 Fixed investment 109.0 117.7 118.7 132.1 147.3 150.4 169.9 198.5 228.6 235.4 7

 8 Nonresidential 74.8 85.4 86.4 93.4 104.7 109.0 114.1 128.8 153.3 169.5 8

 9 Household sector (nonprofit organizations) 5.4 5.6 5.5 5.8 6.7 7.0 7.8 9.7 10.2 10.0 9

10 Nonfinancial corporate business 51.5 60.5 61.5 67.0 74.7 77.5 79.9 90.7 106.9 121.0 10

11 Nonfinancial noncorporate business 14.7 15.8 15.6 16.0 18.0 19.0 20.0 21.6 27.0 27.1 11

12 Financial institutions 3.3 3.4 3.7 4.7 5.2 5.5 6.5 6.8 9.0 11.3 12

13 Residential 34.2 32.3 32.4 38.7 42.6 41.4 55.8 69.7 75.3 66.0 13

14 Household sector 25.8 24.5 24.8 28.7 30.2 28.6 38.8 48.1 53.9 48.4 14

15 Nonfinancial corporate business 0.9 0.8 0.7 0.4 0.5 0.5 0.7 0.9 0.9 0.7 15

16 Nonfinancial noncorporate business 7.5 7.0 6.8 9.6 11.9 12.1 16.2 20.6 20.4 16.7 16

17 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 17

18 Change in private inventories 9.2 13.6 9.9 9.1 9.2 2.0 8.3 9.1 15.9 14.0 18

19 Nonfinancial corporate business 8.0 13.4 8.6 7.4 8.7 2.7 6.4 8.4 13.7 15.8 19

20 Nonfinancial noncorporate business 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 20

21 Net U.S. exports of goods and services 5.6 3.9 3.6 1.3 1.4 3.9 0.6 -3.4 4.1 -0.8 21

22 Exports 37.1 40.9 43.5 47.9 51.9 59.7 63.0 70.8 95.3 126.7 22

23 - Imports 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 23

 Government consumption expenditures and

24 gross investment 151.4 171.6 192.5 209.3 221.4 233.7 246.4 263.4 281.7 317.9 24

25 Consumption expenditures (3) 115.9 131.8 149.5 165.7 178.2 190.1 204.7 220.8 234.8 261.7 25

26 Federal 65.7 75.7 87.0 95.3 98.3 98.6 101.9 107.6 108.8 117.9 26

27 State and local 50.2 56.1 62.6 70.4 79.8 91.5 102.7 113.2 126.0 143.7 27

28 Gross investment (3) 35.6 39.8 43.0 43.6 43.3 43.6 41.8 42.6 46.8 56.3 28

29 Federal 14.7 16.7 17.7 16.0 15.0 14.8 11.7 12.0 13.6 16.6 29

30 State and local 20.8 23.1 25.3 27.7 28.3 28.8 30.1 30.6 33.2 39.6 30

 Memo:

31 Net U.S. income receipts from rest of the world 5.3 5.1 5.4 6.1 6.1 6.4 7.6 8.6 12.6 15.5 31

32 U.S. income receipts 7.9 8.1 8.7 10.1 11.8 12.8 14.0 16.3 23.5 29.8 32

33 - U.S. income payments 2.6 3.0 3.3 4.0 5.7 6.4 6.4 7.7 10.9 14.3 33

 Gross National Product (GNP) =

34 GDP + net U.S. income receipts 724.4 792.8 837.8 915.9 990.6 1044.7 1134.4 1246.4 1394.9 1515.0 34

 Acquisition of nonproduced nonfinancial assets (net)

35 Household sector -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 35

36 Nonfinancial corporate business -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 36

37 State and local governments 1.3 1.4 1.4 1.4 1.0 1.1 1.6 1.7 1.7 1.9 37

38 Federal governments 0.5 0.6 -0.2 -0.9 0.1 -0.3 -0.4 -0.7 -3.2 -5.7 38

39 Rest of the world 0.0 -0.0 0.0 -0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 5

F.7 Distribution of National Income (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 National Income 652.2 710.1 750.4 821.2 888.5 929.5 1005.6 1110.3 1246.1 1341.5 1

 2 Compensation of employees 399.5 442.7 475.1 524.3 577.6 617.2 658.9 725.1 811.2 890.2 2

 3 Wages and other labor income 386.4 425.8 457.1 504.4 554.9 593.4 631.9 694.0 771.5 846.0 3

 4 Employer social insurance contributions 13.1 16.8 18.0 20.0 22.8 23.8 26.4 31.2 39.8 44.7 4

 5 Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.0 -0.1 -0.5 5

 Proprietors’ income with inventory

 6 valuation and capital consumption adjustments 63.9 68.2 69.8 74.2 77.5 78.5 84.7 96.0 113.6 113.5 6

 Rental income of persons (with capital

 7 consumption adjustment) 19.9 20.5 20.9 20.6 20.9 21.1 22.2 23.1 23.9 24.0 7

 Corporate profits with inventory

 8 valuation and capital consumption adjustments 86.5 92.5 90.2 97.3 94.5 82.5 96.1 111.4 124.5 115.1 8

 Corporate profits with inventory

 9 valuation adjustment 78.9 84.6 82.0 88.8 85.5 74.4 88.3 101.6 115.4 109.6 9

10 Profits before tax 80.1 86.7 83.5 92.4 91.4 81.0 92.9 108.2 135.0 147.8 10

11 Domestic nonfinancial 66.1 71.4 67.6 74.0 71.2 58.5 67.4 79.5 99.5 110.2 11

12 Domestic financial 9.3 10.7 11.2 12.8 13.6 15.4 17.6 19.2 20.5 20.2 12

13 Rest of the world 4.7 4.5 4.8 5.6 6.6 7.1 7.9 9.5 14.9 17.5 13

 Less:

14 Taxes on corporate income 31.1 33.9 32.9 39.6 40.0 34.8 38.2 42.3 50.0 52.8 14

15 Domestic nonfinancial 27.1 29.5 27.8 33.5 33.3 27.3 30.0 33.8 40.4 42.8 15

16 Domestic financial 3.9 4.4 5.1 6.1 6.6 7.5 8.2 8.5 9.6 9.9 16

 Equals:

17 Profits after tax 49.1 52.8 50.6 52.8 51.4 46.2 54.7 65.9 85.0 95.0 17

18 Net dividends 20.2 20.7 21.5 23.5 24.2 24.3 25.0 26.8 29.9 33.2 18

19 Domestic nonfinancial 16.2 16.8 17.3 19.0 19.0 18.3 18.1 19.7 20.8 21.5 19

20 Domestic financial 0.7 1.1 1.1 1.1 1.4 2.1 2.2 2.3 2.4 1.9 20

21 Rest of the world 3.3 2.8 3.2 3.4 3.8 3.9 4.7 4.9 6.8 9.8 21

22 Undistributed profits 28.9 32.1 29.1 29.3 27.2 21.9 29.7 39.0 55.1 61.8 22

23 Domestic nonfinancial 22.8 25.2 22.5 21.4 18.8 12.9 19.3 26.1 38.4 45.8 23

24 Domestic financial 4.7 5.3 5.1 5.6 5.6 5.8 7.3 8.3 8.6 8.3 24

25 Rest of the world 1.4 1.7 1.6 2.3 2.8 3.2 3.2 4.6 8.1 7.7 25

26 Inventory valuation adjustment -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 26

27 Capital consumption adjustment 7.6 8.0 8.2 8.5 9.0 8.1 7.8 9.8 9.1 5.6 27

28 Domestic nonfinancial 7.8 8.1 8.3 8.6 9.1 8.3 8.0 9.9 9.0 5.5 28

29 Domestic financial -0.1 -0.2 -0.2 -0.1 -0.1 -0.2 -0.2 -0.1 0.2 0.0 29

30 Net interest and miscellaneous payments 19.6 22.4 25.5 27.1 32.7 39.1 43.9 47.9 55.2 70.8 30

31 Taxes on production and imports 60.7 63.2 67.9 76.4 83.9 91.4 100.5 107.9 117.2 124.9 31

32 Less: Subsidies 3.0 3.9 3.8 4.2 4.5 4.8 4.7 6.6 5.2 3.3 32

33 Business current transfer payments (net) 3.6 3.5 3.8 4.3 4.9 4.5 4.3 4.9 6.0 7.1 33

34 Current surplus of government enterprises 1.3 1.0 0.9 1.2 1.0 -0.0 -0.2 0.5 -0.4 -0.9 34

 Memo:

 Calculation of Gross Domestic Product

 from National Income: (2)

35 National Income, from line 1 above 652.2 710.1 750.4 821.2 888.5 929.5 1005.6 1110.3 1246.1 1341.5 35

 Plus:

36 Private consumption of fixed capital 51.9 56.5 61.6 67.4 74.5 81.7 89.5 97.7 109.5 127.8 36

37 Government consumption of fixed capital 18.9 20.0 21.4 23.0 24.7 26.6 28.2 29.4 31.3 35.9 37

38 Statistical discrepancy 1.5 6.2 4.5 4.3 2.9 6.9 11.0 9.0 8.0 9.8 38

 Less:

39 Net U.S. income receipts from rest of the world 5.3 5.1 5.4 6.1 6.1 6.4 7.6 8.6 12.6 15.5 39

 Equals:

40 Gross Domestic Product 719.1 787.7 832.4 909.8 984.4 1038.3 1126.8 1237.9 1382.3 1499.4 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, 1965-1974, March 8, 2012

F.8 Saving and Investment by Sector (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 158.5 168.7 170.6 182.0 198.4 192.8 209.4 237.6 292.2 301.4 1

 2 Net saving 87.7 92.3 87.6 91.6 99.3 84.5 91.7 110.4 151.4 137.7 2

 3 Net private saving 78.0 82.3 89.9 86.6 82.7 92.9 113.9 119.7 147.5 142.8 3

 4 Domestic business 35.3 38.0 35.8 34.1 30.3 23.4 32.9 42.2 44.6 29.1 4

 5 Nonfinancial corporate business 30.7 32.9 30.9 28.6 24.7 17.7 25.8 33.9 35.6 20.5 5

 6 Financial business 4.5 5.1 4.9 5.5 5.5 5.7 7.1 8.4 9.0 8.6 6

 7 Households and institutions 42.7 44.3 54.2 52.5 52.5 69.4 81.0 77.5 102.9 113.7 7

 8 Net government saving 9.8 10.0 -2.3 5.1 16.5 -8.4 -22.2 -9.3 3.9 -5.2 8

 9 Federal 3.2 2.3 -9.3 -2.4 8.6 -15.5 -28.7 -24.9 -11.8 -14.5 9

10 State and local 6.5 7.8 7.0 7.5 8.0 7.1 6.5 15.6 15.7 9.3 10

11 Consumption of fixed capital 70.7 76.5 82.9 90.4 99.2 108.3 117.8 127.2 140.8 163.7 11

12 Private 51.9 56.5 61.6 67.4 74.5 81.7 89.5 97.7 109.5 127.8 12

13 Domestic business 42.9 46.9 51.2 56.1 61.9 68.2 74.6 81.2 90.6 106.1 13

14 Nonfinancial corporate business 29.1 31.9 35.2 38.7 42.9 47.5 52.0 56.5 63.1 74.2 14

15 Nonfinancial noncorporate business 12.2 13.1 14.1 15.1 16.4 17.7 19.2 20.9 23.0 26.5 15

16 Financial business 1.6 1.8 2.0 2.3 2.6 3.0 3.4 3.8 4.5 5.4 16

17 Households and institutions 8.9 9.6 10.4 11.3 12.6 13.5 14.9 16.5 18.8 21.7 17

18 Government 18.9 20.0 21.4 23.0 24.7 26.6 28.2 29.4 31.3 35.9 18

19 Federal 12.6 13.1 13.9 14.7 15.4 16.1 16.5 16.6 17.0 18.2 19

20 State and local 6.2 6.9 7.5 8.3 9.3 10.6 11.8 12.8 14.3 17.7 20

 Gross domestic investment, capital account

21 transactions, and net lending, NIPAs 160.0 174.9 175.1 186.3 201.3 199.7 220.2 246.2 300.2 311.6 21

22 Gross domestic investment 153.8 171.1 171.6 184.8 199.7 196.0 219.9 250.3 291.3 305.7 22

23 Gross private domestic investment 118.2 131.3 128.6 141.2 156.4 152.4 178.2 207.6 244.5 249.4 23

24 Domestic business 87.1 101.3 98.2 106.8 119.5 116.7 131.6 149.8 180.3 191.0 24

25 Nonfinancial corporate business 60.4 74.8 70.8 74.8 84.0 80.8 86.9 100.0 121.6 137.6 25

26 Nonfinancial noncorporate business 23.4 23.1 23.7 27.3 30.4 30.4 38.1 43.0 49.6 42.1 26

27 Financial business 3.3 3.4 3.7 4.7 5.2 5.5 6.5 6.8 9.0 11.3 27

28 Households and institutions 31.2 30.0 30.4 34.4 36.9 35.7 46.6 57.8 64.2 58.5 28

29 Gross government investment 35.6 39.8 43.0 43.6 43.3 43.6 41.8 42.6 46.8 56.3 29

30 Federal 14.7 16.7 17.7 16.0 15.0 14.8 11.7 12.0 13.6 16.6 30

31 State and local 20.8 23.1 25.3 27.7 28.3 28.8 30.1 30.6 33.2 39.6 31

32 Capital account transactions (net) (2) 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Private 1.8 1.8 2.7 3.5 3.5 3.8 4.5 5.7 7.9 9.9 33

34 Domestic business -0.9 -1.0 -0.2 0.5 -0.4 -0.1 -0.1 0.1 2.6 5.0 34

35 Nonfinancial corporate business -0.9 -1.0 -0.2 0.5 -0.4 -0.1 -0.1 0.1 2.6 5.0 35

36 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Financial business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Households and institutions 2.6 2.8 2.9 3.0 3.9 3.9 4.5 5.5 5.3 4.9 38

39 Government -1.8 -1.8 -2.7 -3.5 -3.5 -3.8 -4.4 -5.6 -7.9 -9.8 39

40 Federal 1.7 2.0 1.0 2.0 2.4 1.3 0.9 -0.0 -2.3 -2.5 40

41 State and local -3.5 -3.8 -3.7 -5.4 -5.9 -5.1 -5.4 -5.6 -5.6 -7.3 41

42 Net lending (+) or net borrowing (-), NIPAs (3) 6.2 3.8 3.5 1.5 1.6 3.7 0.3 -4.1 8.8 5.9 42

43 Private 11.3 11.8 24.7 13.6 0.2 25.3 31.6 12.8 12.6 21.7 43

44 Domestic business -6.5 -9.2 -6.6 -12.7 -24.1 -18.1 -13.2 -17.9 -39.7 -50.5 44

45 Nonfinancial corporate business (3) 1.7 -2.7 -0.1 -3.6 -13.1 -8.5 1.7 -1.2 -17.5 -37.6 45

46 Nonfinancial noncorporate business -11.1 -9.9 -9.7 -12.2 -14.0 -12.8 -18.9 -22.1 -26.6 -15.6 46

47 Financial business 2.9 3.4 3.1 3.1 3.0 3.2 4.0 5.5 4.5 2.8 47

48 Households and institutions 17.8 21.0 31.3 26.4 24.2 43.4 44.8 30.6 52.3 72.1 48

49 Government -5.2 -8.0 -21.2 -12.1 1.4 -21.5 -31.3 -16.8 -3.8 -15.7 49

50 Federal -0.5 -3.3 -14.1 -5.7 6.6 -15.6 -24.9 -20.3 -6.1 -10.4 50

51 State and local -4.6 -4.7 -7.1 -6.4 -5.1 -6.0 -6.4 3.4 2.4 -5.3 51

52 Statistical discrepancy (line 21 less line 1) 1.5 6.2 4.5 4.3 2.9 6.9 11.0 9.0 8.0 9.8 52

 Addenda:

53 Disaster losses 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.6 0.6 0.2 53

54 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.6 0.6 0.2 54

55 Domestic business 0.0 0.0 0.0 0.0 0.0 0.0 0.1 1.0 0.5 0.1 55

56 Households and institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 0.2 0.1 56

57 Government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

58 Federal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58

59 State and local 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 7

F.9 Net Capital Transfers (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Capital transfers paid, by sector 7.6 8.3 8.2 10.1 10.5 10.0 11.7 12.9 12.6 14.2 1

 2 By private business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Nonfinancial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 By government 4.0 4.4 4.3 6.0 5.9 5.3 5.9 6.1 6.0 7.9 8

 9 Federal 4.0 4.4 4.3 6.0 5.9 5.3 5.9 6.1 6.0 7.9 9

10 Investment grants to state and local govts. 4.0 4.3 4.2 5.9 5.8 5.1 5.8 5.8 5.8 7.7 10

11 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Financial stabilization payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other capital transfers paid to business 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 13

14 Other capital transfers paid to persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Capital transfers paid to the rest of the world (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 State and local 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

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

18 By persons 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 18

19 Estate and gift taxes, federal 2.8 3.0 3.1 3.1 3.6 3.7 4.6 5.4 5.1 4.8 19

20 Estate and gift taxes, state and local 0.8 0.8 0.9 1.0 1.1 1.1 1.2 1.4 1.5 1.5 20

21 By the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Capital transfers received, by sector 7.6 8.3 8.2 10.1 10.5 10.0 11.7 12.9 12.6 14.2 24

25 By private business 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 25

26 Financial corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Nonfinancial corporations 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 29

30 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Other 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 31

32 Noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 By government 7.6 8.2 8.2 10.0 10.4 9.9 11.6 12.6 12.4 14.0 35

36 Federal 2.8 3.0 3.1 3.1 3.6 3.7 4.6 5.4 5.1 4.8 36

37 Estate and gift taxes paid by persons 2.8 3.0 3.1 3.1 3.6 3.7 4.6 5.4 5.1 4.8 37

38 State and local 4.7 5.1 5.1 6.8 6.8 6.2 7.0 7.3 7.3 9.2 38

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

40 Estate and gift taxes paid by persons 0.8 0.8 0.9 1.0 1.1 1.1 1.2 1.4 1.5 1.5 40

41 Investment grants paid by federal government 4.0 4.3 4.2 5.9 5.8 5.1 5.8 5.8 5.8 7.7 41

42 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 By persons 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Disaster-related insurance benefits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 By the rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Capital transfers paid by U.S. government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Other 0.0 0.0 0.0 0.0 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) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 49

50 Financial corporations (lines 3-26) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

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

52 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 52

53 Financial stabilization payments (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 53

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

55 Bank holding companies (GMAC) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 55

56 Government-sponsored enterprises (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 56

57 Funding corporations (AIG) (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57

58 Nonfinancial corporations (lines 6-29) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 58

59 Noncorporate business (lines 7-32) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 59

60 By government (lines 8-35) -3.5 -3.8 -3.9 -4.0 -4.5 -4.6 -5.6 -6.6 -6.4 -6.0 60

61 Federal (lines 9-36) 1.2 1.3 1.2 2.9 2.3 1.6 1.4 0.7 0.9 3.1 61

62 State and local (lines 16-38) -4.7 -5.1 -5.1 -6.8 -6.8 -6.2 -7.0 -7.3 -7.3 -9.2 62

63 By persons (lines 18-43) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 63

64 By the rest of the world (lines 21-46) 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 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, 1965-1974, March 8, 2012

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 55.6 61.6 69.5 63.5 66.5 77.4 106.1 133.2 146.7 153.4 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 6.8 2.4 10.5 9.5 -1.5 7.4 13.5 13.2 12.3 5.2 3

 4 Time and savings deposits 27.5 18.7 34.9 30.3 9.1 42.8 66.5 73.2 63.1 55.7 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 5

 6 Securities -5.1 10.4 -9.4 -11.4 23.0 -2.9 -12.0 -15.7 19.0 36.4 6

 7 Open market paper 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 7

 8 U.S. savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 8

 9 Treasury bills and other Treasury securities 0.6 3.8 -1.0 2.3 11.7 -10.2 -11.0 0.1 8.5 3.6 9

10 Agency- and GSE-backed securities 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 10

11 Municipal securities 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 11

12 Corporate and foreign bonds -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 12

13 Corporate equities (2) -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 13

14 Mutual fund shares 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 14

15 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 15

16 Pension fund reserves 18.4 21.1 21.4 24.4 27.0 20.6 24.1 43.6 34.5 37.5 16

17 Miscellaneous and other assets 3.3 4.3 7.0 5.8 3.8 4.2 7.7 12.0 10.4 9.1 17

18 Gross investment in nonfinancial assets 115.3 118.9 121.9 140.0 150.4 148.9 178.6 206.6 233.5 220.0 18

19 Residential fixed investment 33.3 31.5 31.6 38.3 42.1 40.8 55.0 68.7 74.4 65.2 19

20 Nonresidential fixed investment 20.0 21.4 21.2 21.8 24.7 26.0 27.8 31.4 37.3 37.2 20

21 Consumer durables 61.7 66.9 68.8 79.4 83.8 83.6 95.1 107.1 121.0 120.9 21

22 Nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 22

23 Inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 23

24 Consumption of fixed capital 67.2 72.0 77.5 85.2 93.6 100.9 109.8 118.8 131.3 148.3 24

25 Residential fixed investment 9.9 10.7 11.4 12.5 13.9 14.9 16.4 18.2 20.7 23.8 25

26 Nonresidential fixed investment 11.4 12.3 13.2 14.2 15.4 16.7 18.2 19.7 21.7 25.0 26

27 Consumer durables 45.8 49.0 52.8 58.5 64.3 69.3 75.3 81.0 89.0 99.6 27

28 Net investment in nonfinancial assets (3) 48.1 46.9 44.4 54.8 56.8 48.0 68.8 87.8 102.2 71.7 28

29 Residential fixed investment 23.4 20.8 20.2 25.8 28.2 25.9 38.7 50.6 53.7 41.4 29

30 Nonresidential fixed investment 8.6 9.1 8.0 7.5 9.3 9.3 9.6 11.7 15.6 12.1 30

31 Consumer durables 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 31

32 Nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 32

33 Inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 33

34 Net increase in liabilities 38.4 31.5 37.4 41.0 45.2 33.0 72.2 97.6 92.1 104.5 34

35 Home mortgages 17.1 13.0 13.3 17.1 17.7 12.7 26.3 38.0 42.5 35.9 35

36 Other mortgages 7.7 7.2 10.8 7.1 11.7 4.2 17.6 24.3 4.2 27.3 36

37 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 37

38 Policy loans 0.6 1.5 1.0 1.3 2.6 2.3 1.0 1.0 2.2 2.7 38

39 Security credit 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 39

40 Other liabilities 2.5 3.9 4.1 2.2 6.5 10.6 9.1 11.2 24.9 31.2 40

41 Net capital transfers paid (4) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 41

42 Personal saving, FOF concept (FOF) 68.9 80.9 80.5 81.3 82.7 97.1 108.4 130.2 163.4 127.0 42

43 - Net investment in consumer durables 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 43

44 - Government insurance and pension fund reserves (5) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 44

45 = Personal saving, NIPA concept (FOF) (6) 52.7 62.7 64.2 60.4 63.1 82.6 88.6 104.0 131.3 105.7 45

46 Personal saving, NIPA concept (NIPA) 42.7 44.3 54.2 52.5 52.5 69.4 80.4 77.5 102.9 114.2 46

47 Difference 10.0 18.5 10.0 7.9 10.6 13.2 8.2 26.6 28.4 -8.5 47

 Memo:

48 Disposable personal income 497.8 537.4 575.1 624.7 673.8 735.5 801.4 869.0 978.1 1071.7 48

 Personal saving as a percentage of disposable personal income:

49 FOF concept (FOF data) (line 42) 13.8 15.1 14.0 13.0 12.3 13.2 13.5 15.0 16.7 11.8 49

50 NIPA concept (FOF data) (line 45) 10.6 11.7 11.2 9.7 9.4 11.2 11.1 12.0 13.4 9.9 50

51 NIPA concept (NIPA data) (line 46) 8.6 8.2 9.4 8.4 7.8 9.4 10.0 8.9 10.5 10.7 51

52 Difference (line 47) 2.0 3.4 1.7 1.3 1.6 1.8 1.0 3.1 2.9 -0.8 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, 1965-1974, March 8, 2012 9

F.100 Households and Nonprofit Organizations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Personal income 555.5 603.8 648.1 711.7 778.3 838.6 903.1 992.6 1110.5 1222.7 1

 2 - Personal current taxes 57.7 66.4 73.0 87.0 104.5 103.1 101.7 123.6 132.4 151.0 2

 3 = Disposable personal income 497.8 537.4 575.1 624.7 673.8 735.5 801.4 869.0 978.1 1071.7 3

 4 - Personal outlays 455.1 493.1 520.9 572.2 621.4 666.1 721.0 791.5 875.2 957.5 4

 5 = Personal saving, NIPA (2) 42.7 44.3 54.2 52.5 52.5 69.4 80.4 77.5 102.9 114.2 5

 6 + Government insurance and pension reserves (3) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 6

 7 + Net investment in consumer durables 15.9 17.9 16.0 20.9 19.5 14.3 19.9 26.1 32.0 21.4 7

 8 + Consumption of fixed capital 54.7 58.7 63.2 69.9 76.9 82.9 90.2 97.5 107.8 121.3 8

 9 - Net capital transfers paid (4) 3.6 3.9 4.0 4.1 4.6 4.8 5.8 6.8 6.6 6.3 9

10 = Gross saving less net capital transfers paid 110.1 117.2 129.7 139.2 144.4 162.1 184.7 194.4 236.2 250.5 10

11 Gross investment 120.1 135.7 139.8 147.1 155.0 175.3 192.9 220.9 264.6 242.0 11

12 Capital expenditures 91.9 95.9 98.1 112.7 120.0 118.4 140.5 163.6 183.9 177.9 12

13 Residential 25.8 24.5 24.8 28.7 30.2 28.6 38.8 48.1 53.9 48.4 13

14 Consumer durable goods 61.7 66.9 68.8 79.4 83.8 83.6 95.1 107.1 121.0 120.9 14

15 Nonprofit nonresidential 5.4 5.6 5.5 5.8 6.7 7.0 7.8 9.7 10.2 10.0 15

16 Nonproduced nonfinancial assets -1.0 -1.1 -1.1 -1.1 -0.8 -0.8 -1.2 -1.3 -1.3 -1.4 16

17 Net lending (+) or net borrowing (-) 28.2 39.8 41.6 34.4 35.0 56.8 52.4 57.3 80.7 64.1 17

18 Net acquisition of financial assets 57.5 62.7 68.7 66.5 64.2 75.1 97.8 118.3 146.7 121.0 18

19 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Checkable deposits and currency 6.7 2.4 10.3 9.4 -1.5 7.2 13.4 12.9 11.7 5.1 20

21 Time and savings deposits 27.5 18.7 34.9 30.3 9.1 41.4 64.9 71.6 61.5 54.2 21

22 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 22

23 Credit market instruments 3.9 19.7 5.3 8.2 39.0 2.4 -9.8 -3.2 24.8 42.3 23

24 Open market paper 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 24

25 Treasury securities 1.2 4.3 -0.1 2.7 11.4 -10.1 -8.8 3.2 11.1 6.6 25

26 Savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 26

27 Other 0.6 3.8 -1.1 2.1 11.5 -10.4 -11.2 -0.1 8.4 3.6 27

28 Agency- and GSE-backed securities 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 28

29 Municipal securities 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 29

30 Corporate and foreign bonds -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 30

31 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Mortgages 0.5 1.7 2.1 2.3 1.7 2.2 -3.3 1.0 -0.0 3.4 32

33 Corporate equities (6) -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 33

34 Mutual fund shares 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 34

35 Security credit 0.9 0.2 2.2 2.1 -1.8 -0.9 0.5 0.1 -0.2 -1.0 35

36 Life insurance reserves 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 36

37 Pension fund reserves 18.4 21.1 21.4 24.4 27.0 20.6 24.1 43.6 34.5 37.5 37

38 Equity in noncorporate business 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.8 -26.9 38

39 Miscellaneous assets 1.4 1.3 1.6 1.9 2.2 2.7 2.6 2.9 3.1 2.9 39

40 Net increase in liabilities 29.4 22.9 27.1 32.1 29.2 18.3 45.4 61.0 66.0 56.9 40

41 Credit market instruments 28.4 22.3 23.2 28.6 31.4 18.5 41.6 56.0 69.0 56.6 41

42 Home mortgages (7) 17.1 13.0 13.3 17.1 17.7 11.3 24.1 34.1 39.5 37.3 42

43 Consumer credit 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 43

44 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.9 44

45 Bank loans n.e.c. (8) -0.4 0.7 0.4 0.7 0.1 -0.7 -0.0 0.3 3.6 5.6 45

46 Other loans and advances 0.8 2.0 1.3 1.7 3.0 2.6 1.4 1.3 2.4 3.2 46

47 Commercial mortgages 0.7 0.7 3.0 -1.6 0.7 0.9 0.6 0.8 0.6 0.6 47

48 Security credit 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 48

49 Trade payables 0.4 0.4 0.6 0.6 0.7 0.6 0.9 0.8 0.7 1.2 49

 Deferred and unpaid

50 life insurance premiums 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 50

51 Discrepancy -10.0 -18.5 -10.0 -7.9 -10.6 -13.2 -8.2 -26.6 -28.4 8.5 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, 1965-1974, March 8, 2012

F.101 Nonfinancial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Income before taxes 136.1 145.8 143.5 154.3 154.8 143.2 158.4 183.1 221.8 232.1 1

 2 Gross saving less net capital transfers paid 72.2 78.2 80.3 82.7 84.3 83.3 97.4 111.7 122.2 121.8 2

 3 Gross investment 64.1 66.1 72.4 74.1 76.5 73.2 90.7 114.1 98.7 119.4 3

 4 Capital expenditures 83.0 96.9 94.4 102.6 114.0 111.2 125.1 143.2 174.0 184.8 4

 5 Fixed investment 74.5 84.2 84.6 93.0 105.2 109.2 116.7 133.8 155.3 165.6 5

 6 Residential 8.4 7.8 7.5 10.0 12.4 12.7 16.9 21.5 21.3 17.5 6

 7 Nonresidential 66.1 76.4 77.1 83.0 92.8 96.5 99.8 112.3 134.0 148.2 7

 8 Change in inventories 9.2 13.6 9.9 9.1 9.2 2.0 8.3 9.1 15.9 14.0 8

 9 Nonproduced nonfinancial assets -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 9

10 Net lending (+) or net borrowing (-) -19.0 -30.8 -22.0 -28.5 -37.5 -38.0 -34.4 -29.1 -75.3 -65.5 10

11 Net acquisition of financial assets 28.0 15.4 19.1 32.9 36.2 23.3 51.4 78.4 87.2 55.3 11

12 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 12

13 Checkable deposits and currency 0.4 -0.7 2.7 2.9 5.7 1.1 -1.3 2.6 2.0 1.2 13

14 Time and savings deposits 2.3 -0.4 1.1 -0.6 -5.4 3.1 5.8 4.0 6.3 5.4 14

15 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Security RPs 0.3 0.3 -0.2 0.5 2.2 -3.1 0.8 1.6 8.6 -5.8 16

17 Credit market instruments 0.1 -1.0 -1.4 2.7 -0.8 2.6 9.3 3.8 -3.2 8.4 17

18 Commercial paper -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 18

19 Treasury securities -1.9 -1.5 -2.3 0.5 -3.1 0.8 3.0 -2.0 -4.3 1.4 19

20 Agency- and GSE-backed securities 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 20

21 Municipal securities 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 21

22 Mortgages 0.0 0.0 -0.0 -0.0 0.4 0.4 1.2 1.1 0.4 0.5 22

23 Consumer credit 1.2 0.1 0.2 0.1 0.1 0.8 2.5 0.6 -0.8 0.8 23

24 Mutual fund shares 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 24

25 Trade receivables 13.1 12.9 8.9 17.2 23.3 7.0 13.9 27.1 43.2 34.0 25

26 Miscellaneous assets 12.1 4.0 7.9 9.6 11.6 13.1 22.5 38.4 29.0 12.0 26

27 Net increase in liabilities 47.0 46.2 41.1 61.4 73.7 61.3 85.8 107.5 162.5 120.8 27

28 Credit market instruments 29.5 34.5 32.7 42.5 48.1 48.6 51.5 70.6 93.8 93.2 28

29 Commercial paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 29

30 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 30

31 Corporate bonds 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 31

32 Bank loans n.e.c. 12.5 10.7 7.9 11.3 16.2 5.3 6.3 15.3 34.4 31.1 32

33 Other loans and advances 2.9 2.7 1.3 3.3 6.9 3.2 3.4 5.2 9.6 12.4 33

34 Mortgages 9.6 10.1 7.4 13.9 11.9 18.6 23.8 36.7 37.4 24.2 34

35 Corporate equities -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 35

36 Trade payables 11.4 7.9 5.8 14.3 20.1 7.2 13.9 24.3 41.5 29.6 36

37 Taxes payable 2.1 -0.9 -4.2 1.1 -1.7 -2.6 4.1 3.9 5.3 8.9 37

38 Miscellaneous liabilities 1.4 1.2 3.9 0.7 4.1 2.8 3.3 2.7 5.0 12.8 38

39 Proprietors’ net investment 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.1 -27.7 39

40 Discrepancy 8.2 12.1 7.9 8.6 7.9 10.1 6.7 -2.4 23.5 2.4 40

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
FFA, 1965-1974, March 8, 2012 11

F.102 Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Profits before tax (book) 66.1 71.4 67.6 74.0 71.2 58.5 67.4 79.5 99.5 110.2 1

 2 - Taxes on corporate income 27.1 29.5 27.8 33.5 33.3 27.3 30.0 33.8 40.4 42.8 2

 3 - Net dividends 16.2 16.8 17.3 19.0 19.0 18.3 18.1 19.7 20.8 21.5 3

 4 + Capital consumption allowance (1) 36.9 40.1 43.5 47.3 52.0 55.7 60.0 66.3 72.1 79.7 4

 5 = U.S. internal funds, book 59.7 65.3 66.0 68.8 70.8 68.7 79.2 92.4 110.4 125.4 5

 6 + Foreign earnings retained abroad 1.3 1.6 1.5 2.2 2.6 3.0 3.0 4.4 7.7 7.3 6

 7 + Inventory valuation adjustment (IVA) -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 7

 8 - Net capital transfers paid (2) -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 8

 9 = Total internal funds + IVA 59.8 64.9 66.0 67.4 67.7 65.3 77.8 90.4 98.7 94.7 9

10 Gross investment 51.7 52.7 58.1 58.8 59.8 55.2 71.1 92.9 75.2 92.4 10

11 Capital expenditures 59.6 73.8 70.7 75.3 83.6 80.7 87.0 100.3 124.4 142.7 11

12 Fixed investment (3) 52.4 61.4 62.2 67.4 75.3 78.1 80.6 91.5 107.8 121.7 12

13 Inventory change + IVA 8.0 13.4 8.6 7.4 8.7 2.7 6.4 8.4 13.7 15.8 13

14 Nonproduced nonfinancial assets -0.8 -1.0 -0.1 0.6 -0.3 0.0 0.1 0.3 2.8 5.2 14

15 Net lending (+) or net borrowing (-) -8.0 -21.1 -12.6 -16.6 -23.8 -25.5 -15.9 -7.4 -49.1 -50.4 15

16 Net acquisition of financial assets 27.4 14.4 17.8 33.1 34.2 21.4 41.6 68.5 78.2 50.6 16

17 Foreign deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 17

18 Checkable deposits and currency 0.3 -0.7 2.5 2.7 5.6 1.0 -1.5 2.4 1.4 1.2 18

19 Time and savings deposits 2.3 -0.4 1.1 -0.6 -5.4 1.7 4.2 2.4 4.7 3.8 19

20 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Security RPs 0.3 0.3 -0.2 0.5 2.2 -3.1 0.8 1.6 8.6 -5.8 21

22 Credit market instruments -0.2 -1.0 -1.4 2.5 -1.2 1.9 8.0 2.6 -3.4 8.6 22

23 Commercial paper -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 23

24 Treasury securities -1.9 -1.5 -2.4 0.3 -3.3 0.6 2.8 -2.2 -4.4 1.4 24

25 Agency- and GSE-backed securities 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 25

26 Municipal securities 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 26

27 Mortgages 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 27

28 Consumer credit 0.9 0.2 0.3 0.1 0.2 0.6 2.7 0.7 -0.6 1.1 28

29 Mutual fund shares 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 29

30 Trade receivables 13.3 12.4 8.3 18.5 22.8 8.4 12.4 26.4 40.9 31.8 30

31 Miscellaneous assets 11.6 3.5 7.3 8.8 10.6 11.9 17.2 32.2 24.6 11.0 31

32 U.S. direct investment abroad (4) 4.8 5.2 4.5 5.0 5.6 7.1 7.0 7.0 10.5 7.9 32

33 Insurance receivables 0.4 0.6 0.7 0.8 1.2 0.9 1.1 1.9 2.0 2.2 33

34 Equity in GSEs 0.0 0.0 0.0 0.0 0.1 -0.2 0.0 0.0 0.0 0.0 34

35 Investment in finance co. subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Other 6.4 -2.3 2.0 3.0 3.7 4.1 9.1 23.2 12.1 0.9 36

37 Net increase in liabilities 35.4 35.4 30.4 49.7 58.1 47.0 57.4 75.9 127.3 101.0 37

38 Net funds raised in markets 20.2 26.0 24.7 31.4 36.2 47.5 40.3 50.2 83.8 60.1 38

39 Net new equity issues -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 39

40 Credit market instruments 20.2 24.8 22.3 31.6 32.8 41.8 28.9 39.3 75.9 56.0 40

41 Commercial paper -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 41

42 Municipal securities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 42

43 Corporate bonds (4) 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 43

44 Bank loans n.e.c. 10.9 8.5 6.5 9.8 13.5 4.9 4.1 12.5 26.8 22.8 44

45 Other loans and advances (6) 2.2 1.7 0.2 2.5 5.4 1.6 2.1 4.1 5.9 8.8 45

46 Mortgages 2.7 3.6 -0.4 5.2 0.9 13.9 4.6 9.2 30.9 -1.0 46

47 Trade payables 11.8 9.1 5.9 16.4 19.5 7.9 13.7 23.2 38.1 26.5 47

48 Taxes payable 2.1 -0.9 -4.2 1.1 -1.7 -2.6 3.1 2.4 3.8 7.4 48

49 Miscellaneous liabilities 1.4 1.2 3.9 0.7 4.1 -5.8 0.4 0.0 1.6 7.0 49

50 Foreign direct investment in U.S. 0.5 0.4 0.7 0.8 1.2 1.4 0.3 0.9 2.5 4.6 50

51 Pension fund contributions payable 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 51

52 Other 0.7 0.8 3.0 -0.2 2.9 -7.3 -0.2 -1.4 -1.0 2.4 52

53 Discrepancy 8.2 12.1 7.9 8.6 7.9 10.1 6.7 -2.4 23.5 2.4 53

 Memo:

54 Financing gap (7) 1.2 10.6 6.3 10.2 18.7 18.6 12.3 14.5 33.5 55.5 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, 1965-1974, March 8, 2012

F.103 Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving = consumption of fixed capital 12.4 13.3 14.3 15.4 16.7 18.0 19.6 21.3 23.5 27.0 1

 2 Gross saving less net capital transfers paid (1) 12.4 13.3 14.3 15.4 16.7 18.0 19.6 21.3 23.5 27.0 2

 3 Gross investment 12.4 13.3 14.3 15.4 16.7 18.0 19.6 21.3 23.5 27.0 3

 4 Capital expenditures 23.4 23.1 23.7 27.3 30.4 30.4 38.1 43.0 49.6 42.1 4

 5 Fixed investment (2) 22.2 22.8 22.4 25.6 29.9 31.1 36.2 42.3 47.5 43.9 5

 6 Change in inventories 1.2 0.2 1.3 1.7 0.5 -0.7 1.9 0.7 2.2 -1.8 6

 7 Net lending (+) or net borrowing (-) -11.0 -9.7 -9.5 -11.9 -13.7 -12.4 -18.5 -21.7 -26.2 -15.1 7

 8 Net acquisition of financial assets 0.6 1.1 1.3 -0.2 2.0 1.9 9.8 10.0 9.1 4.7 8

 9 Checkable deposits and currency 0.1 -0.0 0.1 0.2 0.1 0.1 0.1 0.3 0.6 0.1 9

10 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 1.6 1.6 1.6 1.6 10

11 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit market instruments 0.3 -0.1 -0.0 0.2 0.4 0.7 1.3 1.2 0.2 -0.2 12

13 Treasury securities 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 13

14 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Mortgages 0.0 0.0 0.0 0.0 0.3 0.4 1.2 1.1 0.3 0.1 15

16 Consumer credit 0.3 -0.1 -0.1 -0.0 -0.1 0.1 -0.1 -0.1 -0.2 -0.4 16

17 Trade receivables -0.2 0.6 0.5 -1.4 0.5 -1.5 1.5 0.6 2.3 2.2 17

18 Miscellaneous assets 0.5 0.6 0.6 0.8 1.1 1.1 5.3 6.2 4.4 1.1 18

19 Insurance receivables 0.4 0.5 0.6 0.7 1.0 1.1 1.3 1.5 1.4 1.5 19

20 Equity investment in GSEs (3) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 20

21 Other 0.0 0.0 0.0 0.0 0.0 0.0 4.0 4.6 2.8 -0.7 21

22 Net increase in liabilities 11.6 10.8 10.8 11.7 15.7 14.3 28.3 31.7 35.3 19.8 22

23 Credit market instruments 9.3 9.7 10.3 11.0 15.3 6.8 22.7 31.3 17.9 37.1 23

24 Bank loans n.e.c. 1.6 2.2 1.4 1.5 2.7 0.4 2.2 2.8 7.7 8.3 24

25 Other loans and advances 0.8 1.0 1.2 0.8 1.6 1.6 1.3 1.1 3.6 3.6 25

26 Mortgages 7.0 6.5 7.8 8.7 11.0 4.7 19.2 27.4 6.6 25.2 26

27 Trade payables -0.3 -1.2 -0.1 -2.1 0.6 -0.7 0.2 1.1 3.4 3.1 27

28 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 1.5 1.6 28

29 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.4 5.7 29

30 Proprietors’ net investment 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.1 -27.7 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, 1965-1974, March 8, 2012 13

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Current receipts, NIPA basis 66.5 74.9 82.5 93.5 105.5 120.1 134.9 158.4 174.3 188.1 1

 2 Personal current taxes 6.6 7.8 8.6 10.6 12.8 14.2 15.9 20.9 22.8 24.5 2

 3 Taxes on production and imports 45.3 48.8 52.8 59.5 66.0 73.3 81.5 89.4 97.4 104.8 3

 4 Taxes on corporate income 2.0 2.2 2.6 3.3 3.6 3.7 4.3 5.3 6.0 6.7 4

 5 Contributions for govt. social insurance 0.8 0.8 0.9 0.9 1.0 1.1 1.2 1.3 1.5 1.7 5

 6 Income receipts on assets 2.2 2.6 3.0 3.5 4.3 5.2 5.5 5.9 7.8 10.2 6

 7 Current transfer receipts 8.0 11.1 13.1 14.2 16.2 21.1 25.2 34.0 37.3 39.3 7

 8 Current surplus of government enterprises 1.7 1.6 1.5 1.5 1.5 1.5 1.4 1.6 1.5 0.9 8

 9 Current expenditures, NIPA basis 60.0 67.2 75.5 86.0 97.5 113.0 128.5 142.8 158.6 178.7 9

10 Consumption expenditures 50.2 56.1 62.6 70.4 79.8 91.5 102.7 113.2 126.0 143.7 10

11 Govt. social benefit payments to persons 6.7 7.6 9.2 11.4 13.2 16.1 19.3 22.0 24.1 25.3 11

12 Interest payments 3.1 3.4 3.7 4.2 4.4 5.3 6.5 7.5 8.5 9.6 12

13 Subsidies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 13

14 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 -0.0 0.0 14

15 Net state and local govt. saving, NIPA basis 6.5 7.8 7.0 7.5 8.0 7.1 6.5 15.6 15.7 9.3 15

16 + Consumption of fixed capital 6.2 6.9 7.5 8.3 9.3 10.6 11.8 12.8 14.3 17.7 16

17 - Net capital transfers paid (2) -4.7 -5.1 -5.1 -6.8 -6.8 -6.2 -7.0 -7.3 -7.3 -9.2 17

18 = Gross saving less net capital transfers paid 17.5 19.8 19.6 22.7 24.1 23.9 25.3 35.7 37.3 36.2 18

19 Gross investment 19.4 20.1 21.1 24.2 21.2 19.8 22.1 32.9 40.4 34.3 19

20 Fixed investment 20.8 23.1 25.3 27.7 28.3 28.8 30.1 30.6 33.2 39.6 20

21 Nonproduced nonfinancial assets 1.3 1.4 1.4 1.4 1.0 1.1 1.6 1.7 1.7 1.9 21

22 Net lending (+) or net borrowing (-) -2.7 -4.3 -5.6 -4.8 -8.1 -10.0 -9.6 0.6 5.4 -7.2 22

23 Net acq. of financial assets 6.2 4.0 3.4 5.8 6.1 4.2 9.2 17.0 22.2 9.5 23

24 Checkable deposits and currency -0.6 0.5 0.8 -0.7 1.9 -1.0 0.8 0.5 0.0 0.2 24

25 Time and savings deposits 2.4 1.3 2.3 3.1 -5.8 10.0 7.2 6.7 6.6 5.0 25

26 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Security RPs 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 27

28 Credit market instruments 2.5 -0.0 0.2 3.8 5.0 -1.3 -1.7 6.7 9.7 6.5 28

29 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Treasury securities 2.2 0.6 -0.4 0.2 3.1 -0.1 -0.4 2.3 1.2 0.5 30

31 Agency- and GSE-backed securities 0.2 -0.7 0.4 3.4 1.4 -2.3 -2.2 3.3 6.6 3.1 31

32 Municipal securities -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Mortgages 0.2 0.2 0.1 0.2 0.5 0.9 1.1 1.4 1.7 2.5 34

35 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Trade receivables 0.8 0.6 0.6 0.9 1.2 0.6 0.9 1.5 2.8 -2.0 37

38 Taxes receivable 0.1 0.0 0.1 0.2 0.0 0.1 1.2 1.8 1.6 1.7 38

39 Miscellaneous assets -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 39

40 Net increase in liabilities 8.9 8.4 9.0 10.6 14.1 14.2 18.8 16.5 16.8 16.7 40

41 Credit market instruments 7.6 6.9 7.3 8.8 12.1 12.1 16.4 14.0 14.1 13.4 41

42 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 42

43 Short-term 0.6 0.7 1.8 0.1 2.8 2.3 2.5 0.1 0.3 2.7 43

44 Other 6.6 5.6 5.3 8.3 8.6 9.6 13.6 13.6 13.5 10.0 44

45 U.S. government loans 0.3 0.6 0.2 0.3 0.7 0.1 0.4 0.3 0.3 0.7 45

46 Trade payables 1.4 1.5 1.7 1.9 2.0 2.2 2.4 2.5 2.7 3.3 46

47 Discrepancy -1.9 -0.4 -1.5 -1.6 2.9 4.0 3.2 2.9 -3.0 1.9 47

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

(2) Table F.9, line 62.
14 FFA, 1965-1974, March 8, 2012

F.106 Federal Government

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Current receipts, NIPA basis 121.0 138.0 146.9 171.3 192.7 186.1 191.9 220.3 250.8 280.0 1

 2 Personal current taxes 51.1 58.6 64.4 76.4 91.7 88.9 85.8 102.8 109.6 126.5 2

 3 Taxes on production and imports 15.4 14.4 15.2 16.9 17.8 18.1 19.0 18.5 19.8 20.1 3

 4 Taxes on corporate income 28.9 31.4 30.0 36.1 36.1 30.6 33.5 36.6 43.3 45.1 4

 5 Taxes from the rest of the world 0.2 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.4 0.4 5

 6 Contributions for govt. social insurance 22.7 30.6 34.1 37.9 43.3 45.5 50.3 58.3 74.5 84.1 6

 7 Income receipts on assets 1.9 2.1 2.5 2.9 2.7 3.1 3.5 3.6 3.8 4.2 7

 8 Current transfer receipts 1.1 1.2 1.1 1.1 1.1 1.1 1.1 1.3 1.3 1.4 8

 9 Current surplus of government enterprises -0.3 -0.6 -0.6 -0.3 -0.4 -1.5 -1.6 -1.1 -1.8 -1.8 9

10 Current expenditures, NIPA basis 117.7 135.7 156.2 173.7 184.1 201.6 220.6 245.2 262.6 294.5 10

11 Consumption expenditures 65.7 75.7 87.0 95.3 98.3 98.6 101.9 107.6 108.8 117.9 11

12 Government social benefits 27.7 30.3 37.1 42.4 46.3 56.4 66.9 73.8 85.7 104.6 12

13 Other current transfer payments 10.8 14.1 15.7 17.3 19.1 24.1 29.2 38.9 40.2 42.3 13

14 Interest payments 10.6 11.6 12.7 14.6 15.8 17.7 17.9 18.8 22.8 26.0 14

15 Subsidies 3.0 3.9 3.8 4.1 4.5 4.8 4.6 6.6 5.1 3.2 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.0 -0.5 16

17 Net federal government saving, NIPA basis 3.2 2.3 -9.3 -2.4 8.6 -15.5 -28.7 -24.9 -11.8 -14.5 17

18 + Consumption of fixed capital 12.6 13.1 13.9 14.7 15.4 16.1 16.5 16.6 17.0 18.2 18

19 - Insurance and pension reserves (1) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 20

21 - Net capital transfers paid (2) 1.2 1.3 1.2 2.9 2.3 1.6 1.4 0.7 0.9 3.1 21

22 = Gross saving less net capital transfers paid 14.3 13.6 2.9 9.2 21.3 -1.5 -13.9 -9.4 3.8 0.1 22

23 Gross investment 14.6 15.7 3.6 6.3 20.8 0.6 -13.0 -8.0 4.7 0.5 23

24 Fixed investment 14.7 16.7 17.7 16.0 15.0 14.8 11.7 12.0 13.6 16.6 24

25 Nonproduced nonfinancial assets 0.5 0.6 -0.2 -0.9 0.1 -0.3 -0.4 -0.7 -3.2 -5.7 25

26 Net lending (+) or net borrowing (-) -0.6 -1.6 -13.8 -8.8 5.7 -13.9 -24.2 -19.3 -5.8 -10.5 26

27 Net acq. of financial assets 3.2 4.7 1.9 6.2 3.9 1.6 4.6 0.4 4.6 4.2 27

28 U.S. official reserve assets 0.3 -0.3 0.6 1.9 1.6 -1.8 -1.6 0.5 -0.1 1.4 28

29 Checkable deposits and currency -1.6 -0.4 0.5 -2.3 1.6 3.5 3.5 -1.0 -1.8 -4.6 29

30 Time and savings deposits -0.0 -0.0 0.0 0.1 -0.2 0.3 0.1 0.1 -0.2 0.0 30

31 Credit market instruments 2.9 5.1 4.6 5.2 3.1 2.8 2.8 1.8 3.9 6.2 31

32 Agency- and GSE-backed securities 0.0 1.3 -0.1 0.1 -1.3 -0.1 0.0 -0.0 -0.0 -0.0 32

33 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Other loans and advances 2.9 2.8 3.8 3.7 3.5 2.6 3.2 2.5 4.5 3.5 34

35 Mortgages -0.0 1.0 0.9 1.4 1.0 0.3 -0.4 -0.7 -0.6 2.7 35

36 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Corporate equities (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Trade receivables 0.4 1.2 1.5 0.6 0.9 -0.8 -1.7 -0.8 0.3 1.0 38

39 Taxes receivable 1.2 -1.4 -5.1 0.8 -3.2 -2.7 1.4 -0.4 1.5 -0.0 39

40 Miscellaneous assets 0.1 0.4 -0.1 -0.2 0.1 0.3 0.1 0.1 1.0 0.1 40

41 Net increase in liabilities 3.8 6.3 15.7 15.0 -1.7 15.5 28.8 19.7 10.4 14.7 41

42 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 42

43 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 43

44 Treasury currency 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 44

45 Credit market instruments 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 45

46 Savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 46

47 Treasury bills 3.7 10.4 -0.7 5.1 5.6 7.4 9.6 6.4 3.9 12.0 47

48 Other Treasury securities -3.2 -8.7 8.6 3.6 -6.2 5.4 14.1 4.6 -0.0 -2.8 48

49 Budget agency securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 49

50 Multifamily residential mortgages 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 50

51 Trade payables 0.6 0.8 0.7 -0.0 -0.1 -1.0 -1.0 0.3 1.1 -0.5 51

52 Insurance reserves 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 52

53 Miscellaneous liabilities (5) 1.3 0.9 1.4 2.1 1.2 2.9 3.7 3.0 1.8 2.7 53

54 Nonmarketable securities held by pension plans 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 54

55 Other -0.1 -0.4 0.1 0.7 -0.4 0.5 0.8 0.0 -0.4 -0.0 55

56 Discrepancy -0.3 -2.1 -0.7 2.9 0.5 -2.1 -0.9 -1.4 -0.9 -0.4 56

 Memo:

57 Change in cash balance (6) -1.2 -0.4 1.2 -1.2 0.5 2.8 3.2 -0.3 -1.7 -4.6 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, 1965-1974, March 8, 2012 15

F.107 Rest of the World

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Foreign income from U.S. 38.9 45.2 48.7 56.5 62.1 68.8 76.7 91.2 109.9 150.5 1

 2 U.S. imports 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 2

 3 U.S. income payments to rest of world 2.6 3.0 3.3 4.0 5.7 6.4 6.4 7.7 10.9 14.3 3

 4 Current taxes and trans. payments to rest of world 4.7 5.1 5.5 5.9 5.9 6.6 7.9 9.2 7.9 8.7 4

 5 Foreign outlays to U.S. 45.0 49.0 52.1 58.0 63.7 72.5 77.0 87.1 118.8 156.5 5

 6 U.S. exports 37.1 40.9 43.5 47.9 51.9 59.7 63.0 70.8 95.3 126.7 6

 7 U.S. income receipts from rest of world 7.9 8.1 8.7 10.1 11.8 12.8 14.0 16.3 23.5 29.8 7

 8 - Net capital transfers paid (1) 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 8

 9 Gross saving less net capital transfers paid (2) -6.2 -3.8 -3.5 -1.5 -1.6 -3.7 -0.3 4.1 -8.8 -5.9 9

10 Gross investment -5.0 -3.7 -2.4 -1.0 1.1 -2.1 11.2 7.7 -4.5 0.5 10

11 Nonproduced nonfinancial assets 0.0 -0.0 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Net lending (+) or net borrowing (-) -5.0 -3.7 -2.4 -1.0 1.1 -2.1 11.2 7.7 -4.5 0.5 12

13 Net acquisition of financial assets 2.5 4.1 8.4 10.9 11.4 8.3 24.9 22.4 13.7 26.9 13

14 Monetary gold (3) 1.7 0.6 1.2 1.2 -1.0 0.8 0.9 0.5 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 15

16 Net interbank assets 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -5.2 -1.2 16

17 U.S. checkable deposits and currency 0.3 0.7 0.6 0.9 0.8 1.0 0.3 2.2 3.8 3.8 17

18 U.S. time deposits 0.6 0.3 1.3 -0.3 1.4 -1.7 0.3 2.9 2.8 7.7 18

19 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.0 20

21 Credit market instruments 0.5 -0.1 2.8 2.6 0.6 11.8 27.9 10.3 1.5 5.1 21

22 Open market paper 0.4 0.2 0.0 0.6 1.0 0.5 -0.2 -0.1 0.3 0.4 22

23 Treasury securities -0.3 -1.9 2.1 -0.7 -2.3 9.5 26.6 8.2 -0.2 4.0 23

24 Official -0.1 -1.5 2.2 -0.8 -2.3 9.4 26.6 8.2 0.1 3.3 24

25 Private -0.1 -0.4 -0.1 0.1 -0.1 0.1 -0.0 -0.0 -0.2 0.7 25

26 Agency- and GSE-backed securities 0.3 0.3 0.3 0.3 0.3 0.3 0.0 0.1 0.1 -0.5 26

27 Official -0.0 0.0 0.0 0.0 -0.1 0.0 -0.0 0.3 0.6 0.9 27

28 Private 0.3 0.3 0.3 0.3 0.4 0.3 0.0 -0.1 -0.5 -1.4 28

29 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 U.S. corporate bonds (4) 0.0 1.2 0.3 2.3 1.6 1.5 1.5 2.1 1.3 1.0 30

31 Loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 31

32 U.S. corporate equities -0.4 -0.3 0.7 2.1 1.6 0.7 0.8 2.4 2.8 0.2 32

33 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Trade receivables 0.2 0.6 0.7 1.5 1.0 1.6 -0.1 1.0 2.0 2.1 34

35 Security credit 0.0 0.0 0.1 0.3 -0.2 -0.1 -0.0 0.1 -0.0 -0.0 35

36 Miscellaneous assets -0.5 -0.5 0.6 0.6 -5.0 -0.3 -1.2 3.0 5.5 9.1 36

37 Foreign direct investment in U.S. (5) 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 37

38 Other -0.9 -0.9 -0.1 -0.3 -6.3 -1.8 -1.6 2.0 2.7 4.4 38

39 Net increase in liabilities 7.4 7.8 10.8 12.0 10.3 10.4 13.7 14.8 18.2 26.4 39

40 U.S. official reserve assets 0.4 0.0 1.1 2.0 0.2 -1.7 -1.5 0.6 -0.2 1.5 40

41 U.S. private deposits -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 41

42 Credit market instruments 2.5 1.9 3.9 2.7 3.2 2.8 5.1 4.4 6.3 13.8 42

43 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 43

44 Bonds 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 44

45 Bank loans n.e.c. 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 45

46 Official 0.1 -0.1 0.0 -0.2 -0.0 -0.1 0.2 0.2 0.4 0.3 46

47 Banks 0.2 0.1 -0.4 0.1 0.2 -0.1 0.9 1.1 1.6 3.1 47

48 Other 0.3 -0.1 0.0 -0.3 -0.4 0.0 0.9 1.7 0.7 1.3 48

49 U.S. government loans 1.5 1.3 2.6 2.2 2.1 1.3 1.8 1.5 1.7 -0.5 49

50 Acceptance liabilities to banks -0.1 -0.1 0.5 -0.2 0.3 0.8 0.3 -1.0 0.9 7.1 50

51 Foreign corporate equities (6) 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 51

52 Trade payables -0.1 0.3 0.5 0.4 0.8 1.0 0.5 0.5 1.9 3.1 52

53 Security debt 0.0 0.0 0.2 0.2 -0.2 0.0 0.0 0.1 -0.2 -0.0 53

54 Miscellaneous liabilities 4.5 5.5 4.9 5.6 6.2 8.5 8.9 8.7 9.5 8.8 54

55 U.S. equity in IBRD, etc. 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 55

56 Nonofficial foreign currencies 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 56

57 U.S. direct investment abroad (4,5) 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 57

58 Other -0.6 -0.2 0.2 0.2 0.2 0.6 1.2 0.8 -2.8 -0.3 58

59 Discrepancy (FOF basis) (7) -1.2 -0.1 -1.1 -0.5 -2.7 -1.6 -11.5 -3.6 -4.3 -6.4 59

 Memo:

60 Net U.S. exports, NIPA basis 5.6 3.9 3.6 1.3 1.4 3.9 0.6 -3.4 4.1 -0.8 60

61 + Net U.S. income receipts (8) 5.3 5.1 5.4 6.1 6.1 6.4 7.6 8.6 12.6 15.5 61

62 - Current taxes and trans. payments to rest of world 4.7 5.1 5.5 5.9 5.9 6.6 7.9 9.2 7.9 8.7 62

63 = Balance on current account, NIPAs 6.2 3.8 3.5 1.5 1.6 3.7 0.3 -4.0 8.9 6.0 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, 1965-1974, March 8, 2012

F.108 Financial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving less net capital transfers paid 6.0 6.7 6.7 7.5 7.9 8.4 10.2 11.9 13.2 13.7 1

 2 Gross investment 6.4 6.6 7.5 9.3 3.5 3.8 7.4 7.4 12.0 8.1 2

 3 Capital expenditures 3.3 3.4 3.7 4.7 5.2 5.5 6.6 6.9 9.1 11.3 3

 4 Fixed residential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 4

 5 Fixed nonresidential investment 3.3 3.4 3.7 4.7 5.2 5.5 6.5 6.8 9.0 11.3 5

 6 Net lending (+) or net borrowing (-) 3.1 3.2 3.8 4.6 -1.7 -1.7 0.8 0.5 2.9 -3.2 6

 7 Net acqisition of financial assets 83.8 74.9 97.3 116.3 99.7 122.0 169.9 229.1 235.9 190.7 7

 8 U.S. official reserve assets -1.5 -0.3 -0.7 -1.0 -0.4 -0.7 -0.8 -0.5 -0.1 0.1 8

 9 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 9

10 Treasury currency 0.2 0.7 0.5 0.2 0.1 0.3 0.5 0.7 0.4 0.5 10

11 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Net interbank assets 0.3 2.3 1.7 3.1 0.3 2.8 3.9 0.6 1.9 -2.3 12

13 Checkable deposits and currency 0.2 -0.4 0.2 0.5 -0.4 0.6 0.9 1.8 0.9 0.7 13

14 Time and savings deposits 0.5 0.4 1.1 0.7 0.2 1.8 3.6 3.1 1.3 5.6 14

15 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Federal funds and security RPs 0.1 0.8 -0.4 0.2 1.1 0.8 1.6 0.2 5.2 3.0 16

17 Credit market instruments 68.7 56.5 69.3 83.0 72.4 92.0 122.2 164.4 200.4 169.9 17

18 Open market paper -0.0 0.6 1.2 0.4 2.6 1.8 1.0 3.1 2.6 7.3 18

19 Treasury securities -0.0 0.8 9.6 6.6 -9.8 13.0 5.7 2.5 -1.2 -0.3 19

20 Agency- and GSE-backed securities 0.9 1.4 3.2 2.8 1.6 6.8 8.6 11.5 13.2 11.0 20

21 Municipal securities 4.7 2.6 10.4 9.5 1.5 12.6 16.6 11.8 9.3 7.0 21

22 Corporate and foreign bonds 7.8 9.2 12.5 9.3 8.9 13.9 15.4 17.4 11.3 15.1 22

23 Bank loans n.e.c. 16.1 10.8 7.4 13.3 17.5 6.5 10.5 25.3 48.0 42.0 23

24 Other loans and advances 3.5 4.4 -0.5 4.8 13.4 6.7 1.4 4.8 17.6 26.5 24

25 Mortgages 26.8 20.8 20.5 25.5 26.9 27.1 50.0 69.1 76.3 53.1 25

26 Consumer credit 8.9 5.8 5.0 10.7 9.8 3.7 13.0 18.9 23.3 8.2 26

27 Corporate equities 10.5 11.8 14.6 19.0 21.2 9.2 19.9 21.1 14.1 6.7 27

28 Mutual fund shares 0.0 0.1 0.0 0.1 0.6 0.5 -0.2 -0.1 0.9 1.1 28

29 Trade receivables 0.2 0.2 0.3 0.3 0.4 0.5 0.3 1.2 0.6 0.5 29

30 Security credit 0.2 0.6 4.7 4.2 -4.6 0.2 3.4 8.5 -7.8 -2.6 30

31 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Miscellaneous assets 4.3 2.1 6.0 6.2 8.8 13.6 14.6 28.2 18.0 7.4 32

33 Net increase in liabilities 80.6 71.7 93.5 111.7 101.3 123.6 169.1 228.6 233.0 194.0 33

34 Net interbank liabilities 0.6 6.0 2.3 5.8 12.4 -3.0 -1.7 -4.8 -2.7 -1.1 34

35 Checkable deposits and currency 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 35

36 Time and savings deposits 33.2 20.3 40.6 33.3 -0.7 54.9 81.8 88.4 78.4 77.9 36

37 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 37

38 Federal funds and security RPs 0.8 -0.0 -0.7 0.6 6.0 -3.6 3.9 1.7 16.4 2.2 38

39 Credit market instruments 8.9 11.0 0.7 10.4 27.6 16.2 11.1 23.9 47.0 49.6 39

40 Open market paper 1.2 3.7 2.7 3.0 11.4 0.3 0.8 0.9 7.0 13.4 40

41 Agency- and GSE-backed securities 2.2 5.5 0.1 3.8 9.7 9.8 5.9 8.4 19.9 21.1 41

42 Corporate and foreign bonds 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 42

43 Bank loans n.e.c. 3.5 -0.6 -0.5 1.7 1.5 2.1 2.2 6.7 7.2 0.6 43

44 Other loans and advances 0.9 0.7 -2.6 1.1 3.7 1.3 -2.7 0.0 7.2 7.4 44

45 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 45

46 Corporate equities -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 46

47 Mutual fund shares 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 47

48 Trade payables 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 48

49 Security credit 0.7 0.8 3.8 3.7 -3.1 0.5 1.3 4.9 -3.6 -2.1 49

50 Life insurance reserves 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 50

51 Pension fund reserves 18.4 21.1 21.4 24.4 27.0 20.6 24.1 43.6 34.5 37.5 51

52 Taxes payable 0.0 -0.0 -0.2 0.2 0.2 0.6 -0.0 0.0 0.2 0.1 52

53 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 53

54 Miscellaneous liabilities 4.5 0.6 4.7 9.6 13.9 18.2 21.0 38.3 33.8 10.4 54

55 Discrepancy -0.4 0.1 -0.8 -1.8 4.4 4.6 2.8 4.5 1.2 5.5 55

(1) Sum of financial sectors shown on tables F.109 through F.130.
FFA, 1965-1974, March 8, 2012 17

F.109 Monetary Authority (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.1 2

 3 Net acquisition of financial assets 2.3 4.5 4.8 4.0 4.0 5.4 8.5 2.2 8.1 6.5 3

 4 U.S. official reserve assets -1.5 -0.3 -0.7 -1.0 -0.4 -0.7 -0.8 -0.5 -0.1 0.1 4

 5 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 5

 6 Treasury currency 0.2 0.7 0.5 0.2 0.1 0.3 0.5 0.7 0.4 0.5 6

 7 Federal Reserve float -0.4 0.3 -0.0 1.0 -0.0 0.8 0.1 -0.4 -0.9 -1.1 7

 8 Federal Reserve loans to domestic banks -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 8

 9 Discount window (2) -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 9

10 AMLF (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Security RPs -0.2 0.4 -0.5 -0.3 0.0 0.0 1.5 -1.4 -0.0 1.3 11

12 Credit market instruments 4.0 3.1 5.3 3.9 4.2 5.0 7.4 1.6 9.3 4.9 12

13 Open market paper 0.0 -0.0 0.0 -0.0 0.0 -0.0 0.0 -0.0 -0.0 0.5 13

14 Treasury securities 4.0 3.2 5.3 4.0 4.2 5.0 6.9 0.8 8.7 1.6 14

15 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.8 0.6 2.8 15

16 Bank loans n.e.c. 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Households (TALF) (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Rest of world 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

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

20 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Funding corporations (Maiden Lane III) (8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Funding corporations (CPFF) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Corporate equities (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 26

27 Nonofficial foreign currencies (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Other 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 28

29 Net increase in liabilities 2.3 4.4 4.8 3.9 4.0 5.4 8.4 2.1 8.1 6.5 29

30 Depository institution reserves 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 30

31 Vault cash of commercial banks 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 31

32 Checkable deposits and currency 1.9 2.4 2.9 1.5 3.3 3.1 4.5 3.1 3.4 6.9 32

33 Due to federal government -0.2 0.2 0.9 -1.1 0.6 -0.4 0.9 -1.1 -0.5 0.4 33

34 Treasury cash holdings 0.1 0.4 0.2 -0.6 -0.0 -0.2 0.0 -0.1 -0.0 -0.1 34

35 Treasury general deposit account -0.3 -0.3 0.7 -0.4 0.6 -0.2 0.9 -1.0 -0.5 0.6 35

36 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Due to rest of the world -0.1 0.2 -0.0 0.1 -0.1 -0.0 0.1 -0.1 -0.1 0.2 37

38 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Currency outside banks 2.1 2.0 2.0 2.5 2.8 3.5 3.5 4.3 3.9 6.3 39

40 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Miscellaneous liabilities -0.3 0.1 0.1 0.4 0.3 0.5 -0.2 0.0 1.3 -0.2 41

42 Federal Reserve Bank stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 42

43 Other -0.3 0.1 0.1 0.3 0.3 0.5 -0.2 -0.0 1.2 -0.2 43

44 Discrepancy -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.2 -0.0 0.0 -0.0 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, 1965-1974, March 8, 2012

F.110 U.S.-Chartered Commercial Banks

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving less net capital transfers paid (1) 2.9 2.7 2.5 3.3 4.1 3.9 3.4 3.7 4.4 5.4 1

 2 Fixed nonresidential investment 0.8 0.8 0.8 1.1 1.3 1.2 1.6 1.6 2.3 3.1 2

 3 Net acquisition of financial assets 30.0 20.4 39.9 43.4 13.3 37.2 55.6 73.6 80.0 60.4 3

 4 Vault cash and reserves at Federal Reserve 0.7 1.9 1.8 2.0 0.3 1.8 4.1 -1.0 3.5 -0.3 4

 5 Total bank credit 28.7 17.8 36.8 39.7 12.2 34.5 51.1 73.6 75.5 56.0 5

 6 Open market paper -0.6 -0.1 0.9 -0.0 0.4 1.0 0.4 -0.1 -0.7 0.8 6

 7 Treasury securities -3.4 -3.4 6.3 2.0 -9.8 7.0 3.2 2.1 -8.8 -3.9 7

 8 Agency- and GSE-backed securities 0.6 0.3 3.0 1.3 -0.3 3.8 4.0 3.9 7.4 3.5 8

 9 Residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

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

11 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other 0.6 0.3 3.0 1.3 -0.3 3.8 4.0 3.9 7.4 3.5 13

14 Municipal securities 5.1 2.3 9.0 8.6 0.6 10.5 12.8 7.1 5.6 5.1 14

15 Corporate and foreign bonds -0.1 0.0 0.7 0.3 -0.1 0.8 1.2 1.4 0.4 1.0 15

16 Private residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

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

18 Private residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Other -0.1 0.0 0.7 0.3 -0.1 0.8 1.2 1.4 0.4 1.0 20

21 Bank loans n.e.c. 16.0 10.5 7.3 12.9 12.3 5.0 10.1 25.1 42.3 34.8 21

22 Mortgages 5.6 4.6 4.5 6.6 5.3 2.7 9.8 16.8 19.6 12.3 22

23 Consumer credit 5.4 3.0 3.5 6.8 4.9 2.2 8.7 12.7 12.6 3.4 23

24 Security credit 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 24

25 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Customers’ liab. on acceptances (2) 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.7 28

29 Miscellaneous assets 0.6 0.5 0.7 1.6 -0.1 -0.4 -0.2 1.8 -0.6 -3.0 29

30 Net increase in liabilities 28.7 19.2 38.1 41.6 15.2 41.5 59.0 77.6 81.1 64.2 30

31 Net interbank liabilities 0.1 3.7 0.8 3.7 11.5 -3.9 -7.0 -6.0 -5.9 -5.2 31

32 Federal Reserve float -0.4 0.3 -0.0 1.0 -0.0 0.8 0.1 -0.4 -0.9 -1.1 32

33 Borrowing from Federal Reserve banks -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 33

34 To domestic banking 0.2 0.7 0.7 0.9 0.3 1.3 -1.8 -6.8 -3.4 -0.9 34

35 To foreign banks 0.3 2.7 0.2 1.8 11.3 -6.1 -5.1 -0.8 -0.9 -2.2 35

36 Checkable deposits 5.5 1.6 12.0 12.2 4.6 5.1 13.0 24.2 12.5 -1.3 36

37 Federal government -1.0 -0.5 0.2 -0.2 0.0 2.9 2.2 0.7 -1.0 -5.1 37

38 Rest of the world 0.2 0.2 0.3 0.3 0.4 0.5 -0.5 1.4 2.2 2.1 38

39 Private domestic 6.3 2.0 11.4 12.1 4.2 1.7 11.2 22.1 11.3 1.7 39

40 Small time and savings deposits 14.2 11.0 18.1 13.9 6.0 14.2 28.6 25.6 12.6 17.3 40

41 Large time deposits 5.8 2.3 5.8 6.6 -15.8 23.1 12.4 17.0 37.1 38.2 41

42 Federal funds and security RPs (net) 1.2 -0.1 -0.0 0.9 5.9 -4.1 4.0 2.2 16.3 1.4 42

43 Open market paper 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.8 43

44 Corporate bonds 0.8 0.1 0.3 0.3 -0.2 0.1 0.9 1.1 0.0 0.2 44

45 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Corporate equity issues -0.1 -0.0 -0.0 -0.1 -0.0 0.1 0.6 1.2 1.2 1.0 46

47 Taxes payable (net) -0.1 -0.0 -0.1 -0.1 0.1 0.3 -0.0 -0.2 0.1 0.1 47

48 Miscellaneous liabilities 1.2 0.4 0.8 4.1 2.2 5.2 6.0 13.2 5.7 4.8 48

49 Investment by bank holding companies 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 4.0 7.0 49

50 Other 1.2 0.4 0.8 4.1 -1.8 -0.8 1.0 7.2 1.7 -2.2 50

51 Discrepancy 0.8 0.6 -0.1 0.3 4.6 7.1 5.1 6.2 3.2 6.1 51

 Memo:

52 Credit market funds advanced (3) 28.6 17.4 35.9 38.4 14.2 34.4 50.9 68.1 80.0 64.7 52

53 Consumer leases not included above (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 19

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 2

 3 Net acquisition of financial assets 0.0 0.7 0.1 0.9 0.9 2.1 0.6 2.2 4.4 8.5 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Total bank credit -0.0 0.5 0.6 0.4 1.4 3.2 -0.1 0.9 3.9 7.1 5

 6 Open market paper 0.0 0.1 0.0 0.1 0.2 0.4 0.1 0.1 0.2 0.7 6

 7 Treasury securities 0.1 -0.1 0.1 0.0 0.0 -0.1 -0.2 0.1 -0.0 0.1 7

 8 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.1 8

 9 Municipal securities 0.0 0.0 0.1 -0.1 0.0 0.2 -0.2 -0.0 0.0 0.1 9

10 Corporate and foreign bonds 0.0 0.0 0.2 -0.1 0.0 0.3 -0.3 -0.1 -0.0 0.0 10

11 Bank loans n.e.c. 0.1 0.4 0.1 0.4 1.2 2.5 0.5 0.4 4.0 6.3 11

12 Mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 12

13 Security credit -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 13

14 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 14

15 Customers’ liab. on acceptances (2) 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 15

16 Miscellaneous assets 0.0 0.1 -0.6 0.5 -0.8 -1.4 0.6 1.4 0.1 -0.6 16

17 Net increase in liabilities 0.0 0.7 0.2 1.0 0.9 2.2 0.7 2.2 4.4 8.5 17

18 Net interbank liabilities -0.2 0.3 -0.2 0.1 0.6 -0.9 1.2 2.2 2.3 4.6 18

19 To foreign banks -0.2 0.2 0.4 0.4 1.0 -0.3 0.4 0.0 -1.8 2.0 19

20 To domestic banks 0.0 0.1 -0.6 -0.3 -0.4 -0.6 0.7 2.2 4.0 2.6 20

21 Checkable deposits -0.2 0.2 0.1 1.1 -0.0 4.2 0.2 -3.3 0.3 1.2 21

22 Small time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.1 0.1 22

23 Large time deposits 0.1 0.0 0.1 0.1 0.2 0.3 0.2 -0.3 0.8 1.0 23

24 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Acceptance liabilities 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 25

26 Miscellaneous liabilities 0.3 0.1 0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.6 -0.4 26

27 Foreign direct investment in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 27

28 Due to affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Other 0.3 0.1 -0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.5 -0.6 29

30 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 30

 Memo:

31 Credit market funds advanced (3) 0.2 0.5 0.7 0.4 1.6 3.5 0.0 0.6 4.8 9.1 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, 1965-1974, March 8, 2012

F.112 Bank Holding Companies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.5 0.6 0.6 0.7 0.8 0.9 1.0 1.2 1.4 1.6 1

 2 Fixed nonresidential investment 1.1 1.2 1.2 1.4 1.6 1.8 2.2 2.6 3.0 3.6 2

 3 Net acquisition of financial assets 0.0 0.0 0.0 0.0 8.7 6.0 4.2 8.7 12.9 5.3 3

 4 Credit market instruments 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 4

 5 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Bank loans n.e.c. 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 8

 9 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Miscellaneous assets 0.0 0.0 0.0 0.0 4.7 7.0 4.3 8.9 11.2 4.3 10

11 Investment in bank subsidiaries 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 4.0 7.0 11

12 Investment in nonbank subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.4 1.4 0.7 12

13 Other 0.0 0.0 0.0 0.0 0.7 1.0 -1.2 0.5 5.8 -3.3 13

14 Net increase in liabilities 0.0 0.0 0.0 0.0 8.7 6.0 4.2 8.7 12.9 5.3 14

15 Net interbank liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -0.2 15

16 To domestic banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 16

17 To foreign banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -1.0 17

18 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Credit market instruments 0.0 0.0 0.0 0.0 4.3 -0.8 0.8 2.6 3.2 4.4 19

20 Commercial paper 0.0 0.0 0.0 0.0 4.3 -1.9 -0.4 0.7 2.2 3.5 20

21 Corporate bonds 0.0 0.0 0.0 0.0 0.0 1.1 1.1 1.9 0.9 1.0 21

22 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Miscellaneous liabilities 0.0 0.0 0.0 0.0 4.4 6.9 3.5 6.1 12.2 1.0 23

24 Equity, etc. 0.0 0.0 0.0 0.0 4.0 5.7 1.5 7.1 10.2 4.2 24

25 Other 0.0 0.0 0.0 0.0 0.4 1.1 2.0 -1.0 2.0 -3.2 25

26 Discrepancy -0.6 -0.7 -0.6 -0.7 -0.8 -0.9 -1.2 -1.4 -1.6 -2.0 26

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

Billions of dollars

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.1 0.3 0.3 0.3 1.1 0.5 0.5 0.5 0.5 0.1 3

 4 Checkable deposits and currency -0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.2 0.3 -0.2 4

 5 Credit market instruments 0.1 0.1 0.1 0.1 0.2 0.1 0.3 0.3 0.1 0.5 5

 6 Treasury securities -0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 -0.1 -0.2 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 8

 9 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 9

10 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Home mortgages 0.1 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.1 11

12 Commercial mortgages 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 12

13 Miscellaneous assets 0.0 0.1 0.1 0.1 0.9 0.3 0.1 0.0 0.1 -0.2 13

14 Net increase in liabilities 0.1 0.3 0.3 0.3 1.0 0.5 0.5 0.4 0.4 0.1 14

15 Checkable deposits 0.1 0.3 0.3 0.3 0.1 0.3 0.4 0.3 0.3 0.0 15

16 Small time and savings deposits 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 16

17 Large time deposits 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 17

18 Miscellaneous liabilities -0.0 -0.0 -0.0 0.0 -0.1 -0.0 -0.0 -0.0 -0.0 0.0 18

19 Discrepancy -0.0 -0.0 -0.0 -0.0 -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 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, 1965-1974, March 8, 2012 21

F.114 Savings Institutions (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 1.0 0.8 0.7 1.0 1.2 1.2 1.7 2.0 2.4 2.1 1

 2 Fixed nonresidential investment 0.2 0.3 0.2 0.3 0.4 0.4 0.5 0.5 0.8 1.1 2

 3 Net acquisition of financial assets 13.9 7.1 15.1 14.1 12.0 18.4 39.9 47.4 34.1 26.7 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Checkable deposits and currency 0.1 -0.6 -0.3 -0.4 -0.3 0.1 -0.1 0.5 0.1 0.2 5

 6 Time and savings deposits 0.0 0.1 0.1 0.1 -0.0 0.4 1.7 1.1 -0.5 0.7 6

 7 Federal funds and security RPs 0.0 0.0 0.0 0.1 0.2 0.1 0.7 0.5 2.0 2.3 7

 8 Credit market instruments 13.3 8.1 13.2 14.1 12.2 15.2 34.8 42.7 33.5 22.2 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.2 -0.2 1.2 0.1 -1.9 -1.3 -0.4 -0.5 -1.7 -1.1 10

11 Agency- and GSE-backed securities 0.0 0.1 0.2 0.3 1.2 2.2 3.8 3.4 2.2 1.3 11

12 Residential mortgage pass-through securities 0.0 0.2 0.2 0.4 0.1 0.7 0.9 1.1 3.4 1.5 12

13 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Other 0.0 -0.1 -0.0 -0.1 1.1 1.5 2.8 2.4 -1.2 -0.3 16

17 Municipal securities -0.1 -0.1 -0.0 0.1 0.0 0.0 0.2 0.5 0.1 0.3 17

18 Corporate and foreign bonds -0.1 0.3 2.1 1.4 0.6 2.7 4.9 2.6 -3.1 -0.2 18

19 Private residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Private commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Private residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Private commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other -0.1 0.3 2.1 1.4 0.6 2.7 4.9 2.6 -3.1 -0.2 23

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

25 Mortgages 13.1 7.8 9.5 12.1 12.2 11.3 25.9 36.3 32.8 21.2 25

26 Consumer credit 0.2 0.1 0.2 0.2 0.1 0.0 0.2 0.5 3.4 0.6 26

27 Corporate equities 0.2 0.0 0.2 0.3 0.2 0.3 0.5 0.6 0.4 0.2 27

28 Miscellaneous assets 0.3 -0.5 1.9 -0.0 -0.4 2.3 2.3 1.9 -1.5 1.1 28

29 Net increase in liabilities 13.4 7.0 14.5 13.5 11.5 18.3 39.0 46.5 32.7 26.3 29

30 Deposits 12.1 6.1 15.6 11.5 6.5 15.4 37.7 42.7 24.9 18.4 30

31 Checkable 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.1 31

32 Small time and savings 12.1 6.1 15.6 11.5 6.5 14.6 36.8 41.8 23.7 16.5 32

33 Large time 0.0 0.0 0.0 0.0 0.0 0.7 0.8 0.9 1.1 1.7 33

34 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 1.7 34

35 Credit market instruments 0.8 1.0 -2.7 0.9 4.1 1.2 -2.0 0.5 7.6 6.2 35

36 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Bank loans n.e.c. 0.2 0.1 -0.1 0.1 0.1 -0.1 0.7 0.4 0.4 -0.4 37

38 Other loans and advances 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 38

39 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Taxes payable 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 40

41 Miscellaneous liabilities 0.5 -0.2 1.6 1.0 0.9 1.7 3.3 2.9 0.2 0.0 41

42 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Other 0.5 -0.2 1.6 1.0 0.9 1.7 3.3 2.9 0.2 0.0 43

44 Discrepancy 0.3 0.4 -0.1 0.1 0.3 0.7 0.3 0.6 0.3 0.7 44

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
22 FFA, 1965-1974, March 8, 2012

F.115 Credit Unions

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.4 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 1.1 0.9 1.1 1.3 1.6 1.9 3.0 3.5 3.1 3.3 3

 4 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Checkable deposits and currency 0.0 0.0 0.1 -0.0 -0.0 0.2 0.1 0.0 -0.0 0.0 5

 6 Time and savings deposits 0.0 -0.2 0.2 -0.2 -0.4 0.4 0.9 0.6 -0.4 0.6 6

 7 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit market instruments 1.0 1.1 0.9 1.5 2.1 1.4 2.0 2.9 3.6 2.7 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.2 0.0 0.0 -0.0 0.3 0.1 10

11 Agency- and GSE-backed securities 0.0 0.1 0.1 0.1 0.1 0.3 0.2 0.6 0.2 0.3 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Home mortgages -0.0 0.0 -0.1 -0.1 -0.2 -0.3 0.0 0.2 0.4 0.1 14

15 Consumer credit 1.0 1.0 0.8 1.4 2.0 1.3 1.8 2.2 2.7 2.3 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Miscellaneous assets -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 -0.1 17

18 Net increase in liabilities 0.9 0.8 1.0 1.2 1.4 1.8 2.8 3.2 3.0 3.3 18

19 Shares/deposits 1.0 0.9 1.0 1.2 1.4 1.7 2.9 3.3 2.9 3.0 19

20 Checkable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Small time and savings 1.0 0.8 1.0 1.2 1.4 1.7 2.9 3.3 2.9 3.0 21

22 Large time 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous liabilities -0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.1 0.3 24

25 Discrepancy -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.1 0.3 25

F.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Gross saving less net capital transfers paid (1) 0.1 0.7 0.7 0.6 0.4 1.1 2.0 2.4 1.8 0.8 1

 2 Fixed nonresidential investment 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.7 2

 3 Net acquisition of financial assets 1.2 2.1 2.1 3.2 3.1 5.6 6.9 8.2 6.9 5.2 3

 4 Checkable deposits and currency -0.1 0.0 -0.0 0.1 -0.0 0.1 0.1 0.0 -0.0 0.1 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 1.0 1.5 1.4 1.9 1.6 3.8 3.8 3.7 3.4 4.6 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Treasury securities -0.2 -0.5 -0.7 -0.4 -0.5 -0.1 -0.2 -0.3 -0.1 0.0 9

10 Agency- and GSE-backed securities 0.1 0.7 -0.1 0.2 0.2 0.0 0.3 0.4 0.0 0.4 10

11 Municipal securities 0.4 0.7 1.5 0.9 1.1 1.5 3.5 4.3 3.6 2.2 11

12 Corporate and foreign bonds 0.6 0.6 0.7 1.2 0.8 2.3 0.3 -0.7 -0.1 2.0 12

13 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 13

14 Corporate equities 0.1 0.4 0.3 0.8 1.0 1.0 2.5 3.0 2.4 -0.5 14

15 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Trade receivables 0.2 0.2 0.3 0.3 0.4 0.5 0.3 1.2 0.6 0.5 16

17 Miscellaneous assets 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 17

18 Net increase in liabilities 1.7 1.9 2.2 2.7 4.0 3.9 4.1 5.4 5.4 5.5 18

19 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues 0.1 0.1 0.1 0.2 0.5 0.4 0.6 0.5 0.5 0.9 20

21 Taxes payable (net) 0.1 0.0 0.0 -0.0 0.1 0.1 -0.0 0.1 0.0 0.0 21

22 Miscellaneous liabilities 1.5 1.8 2.1 2.5 3.4 3.4 3.6 4.8 4.8 4.6 22

23 Discrepancy 0.2 0.2 0.5 -0.2 0.8 -1.1 -1.2 -0.8 -0.3 0.3 23

(1) Net capital transfers paid from table F.9, line 51.
FFA, 1965-1974, March 8, 2012 23

F.117 Life Insurance Companies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.9 1.0 1.0 1.0 0.9 1.1 1.3 1.4 1.8 2.2 1

 2 Fixed nonresidential investment 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.6 2

 3 Net acquisition of financial assets 8.8 8.6 8.7 9.4 9.5 9.9 12.7 14.4 16.9 16.6 3

 4 Checkable deposits and currency 0.0 0.0 0.0 0.1 -0.0 0.1 0.0 0.2 0.1 -0.1 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Credit market instruments 7.6 8.1 7.4 7.3 6.9 7.0 8.2 9.7 12.3 12.9 7

 8 Open market paper 0.0 0.1 0.1 0.0 0.8 0.8 0.6 0.2 0.0 1.1 8

 9 Treasury securities -0.5 -0.2 -0.2 -0.2 -0.3 -0.1 -0.2 -0.0 -0.4 -0.1 9

10 Agency- and GSE-backed securities 0.0 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 10

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

12 Corporate and foreign bonds 2.8 2.4 3.8 3.7 1.7 1.5 5.5 7.0 5.9 4.0 12

13 Other loans and advances 0.5 1.4 0.9 1.2 2.5 2.2 1.0 0.9 2.2 2.7 13

14 Mortgages 4.9 4.6 2.9 2.5 2.1 2.3 1.1 1.5 4.4 4.9 14

15 Corporate equities 0.7 0.2 1.0 1.3 1.3 1.6 4.0 3.8 3.3 1.9 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.4 0.4 -0.4 -0.3 0.2 0.4 16

17 Miscellaneous assets 0.5 0.2 0.3 0.6 0.9 0.8 0.9 1.0 0.9 1.4 17

18 Net increase in liabilities 7.9 8.0 8.1 8.7 9.6 9.7 12.8 13.8 15.5 15.6 18

19 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Life insurance reserves 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 22

23 Pension fund reserves (1) 2.1 2.1 1.5 2.3 3.1 2.9 4.6 4.4 5.7 6.0 23

24 Taxes payable (net) -0.0 0.1 -0.1 0.2 0.1 0.1 -0.0 0.0 0.0 -0.0 24

25 Miscellaneous liabilities 1.2 1.2 1.6 1.5 1.4 1.5 1.9 2.6 2.5 2.6 25

26 Discrepancy -0.2 0.1 0.2 0.0 0.7 0.5 1.0 0.4 -0.2 0.5 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 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 1

 2 Fixed nonresidential investment 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.1 2

 3 Net acquisition of financial assets 11.6 13.5 14.4 15.9 16.8 8.8 9.9 27.7 17.1 19.4 3

 4 Checkable deposits and currency 0.0 -0.2 0.1 0.1 0.0 0.1 0.2 0.5 0.7 0.9 4

 5 Time and savings deposits 0.4 0.5 0.6 0.7 0.7 0.9 1.0 1.2 1.5 1.9 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security RPs 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 0.4 0.5 7

 8 Credit market instruments 1.9 2.8 0.9 1.1 0.8 2.0 -1.6 5.5 6.2 8.9 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 1.3 2.3 9

10 Treasury securities -0.2 -0.2 -0.3 0.4 -0.2 -0.1 0.0 1.3 2.0 3.2 10

11 Agency- and GSE-backed securities -0.0 -0.0 -0.1 0.1 0.2 0.3 -0.3 1.5 1.1 1.1 11

12 Corporate and foreign bonds 1.5 2.5 1.1 0.6 0.6 1.8 -0.8 2.0 2.1 2.3 12

13 Mortgages 0.6 0.5 0.2 -0.0 0.1 -0.0 -0.5 -0.9 -0.4 -0.0 13

14 Corporate equities 8.5 9.1 11.4 12.8 14.0 4.6 8.9 12.1 4.1 1.8 14

15 Mutual fund shares 0.0 0.1 0.0 0.1 0.2 0.2 0.2 0.3 0.6 0.8 15

16 Miscellaneous assets 0.7 1.1 1.2 1.0 0.9 1.0 1.2 7.3 3.6 4.6 16

17 Unallocated insurance contracts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Contributions receivable 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 18

19 Other 0.6 1.0 1.0 0.8 0.8 0.9 0.8 6.7 3.6 4.6 19

20 Pension fund reserves (liabilities) (3) 11.7 13.5 14.5 15.9 16.9 8.9 10.0 27.8 17.2 19.5 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, 1965-1974, March 8, 2012

F.119 State and Local Government Employee Retirement Funds

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 2

 3 Net acquisition of financial assets 3.3 4.2 4.1 4.8 5.5 6.4 6.6 8.5 9.5 9.3 3

 4 Checkable deposits and currency 0.0 0.1 -0.1 0.1 -0.1 0.1 0.2 0.2 -0.2 -0.3 4

 5 Time and savings deposits 0.0 0.0 0.2 0.1 -0.1 0.0 -0.1 0.0 0.6 0.7 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit market instruments 2.9 3.7 3.3 3.4 3.8 4.1 3.3 4.6 5.7 6.3 8

 9 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.1 -0.0 -1.0 -0.2 -0.5 -0.3 -1.2 -0.3 -1.1 -0.9 10

11 Agency- and GSE-backed securities 0.1 0.2 0.1 0.6 0.2 -0.1 0.1 0.6 1.2 1.2 11

12 Municipal securities -0.3 -0.1 -0.1 -0.0 -0.1 -0.3 0.1 -0.1 -0.3 -0.7 12

13 Corporate and foreign bonds 2.3 2.9 3.7 2.6 4.0 4.5 3.9 4.2 5.2 6.1 13

14 Mortgages 0.7 0.8 0.5 0.4 0.2 0.3 0.4 0.2 0.7 0.6 14

15 Corporate equities 0.4 0.5 0.7 1.3 1.8 2.1 3.2 3.7 3.4 2.6 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Pension fund reserves (liabilities) (1) 3.3 4.2 4.1 4.8 5.5 6.4 6.6 8.5 9.5 9.3 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 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets(2) 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 7

 8 Pension fund reserves (liabilities) (3) 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 8

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

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

 retirement fund, and foreign service retirement and disability fund.

(3) Liabilities of the sector are assets of the household sector.
FFA, 1965-1974, March 8, 2012 25

F.121 Money Market Mutual Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 4

 5 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5

 6 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 7

 8 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 12

13 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 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 -0.1 0.1 0.2 0.1 0.1 -0.1 -0.0 -0.0 -0.3 -0.2 1

 2 Net acquisition of financial assets 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 2

 3 Security RPs 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 3

 4 Credit market instruments 0.7 1.3 -0.8 -0.2 1.0 0.6 -0.2 0.5 0.6 0.8 4

 5 Open market paper 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 5

 6 Treasury securities 0.0 0.6 -0.5 0.2 -0.5 0.2 -0.3 0.1 -0.0 0.4 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Corporate and foreign bonds 0.4 0.4 -0.4 -0.6 0.9 0.6 0.2 0.5 0.1 0.6 9

10 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Corporate equities 1.3 1.0 1.8 2.5 1.8 1.2 0.4 -1.8 -2.2 -0.4 11

12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net share issues (liabilities) 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 13

14 Discrepancy -0.1 0.1 0.2 0.1 0.1 -0.1 -0.0 -0.0 -0.3 -0.2 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 -0.7 0.3 -0.8 0.7 0.5 -2.3 1.1 -0.1 2.7 0.9 1

 2 Credit market instruments 0.0 -0.0 0.1 0.4 -0.0 -0.7 0.6 0.3 0.5 -0.2 2

 3 Treasury securities -0.0 -0.0 0.0 0.1 -0.0 -0.1 0.1 0.1 0.1 -0.1 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.1 0.3 0.0 -0.6 0.4 0.2 0.4 -0.1 5

 6 Corporate equities -0.7 0.3 -1.0 0.3 0.5 -1.6 0.5 -0.4 2.1 1.1 6

 7 Net share issues (liabilities) -0.7 0.3 -0.8 0.7 0.5 -2.3 1.1 -0.1 2.7 0.9 7

 Exchange-traded funds

 8 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Net share issues (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
26 FFA, 1965-1974, March 8, 2012

F.124 Government-Sponsored Enterprises (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.3 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 2.3 5.0 -0.0 3.3 9.2 10.3 0.7 4.0 18.8 18.2 3

 4 Checkable deposits and currency -0.0 0.0 0.0 0.0 0.0 -0.0 0.1 -0.0 0.1 -0.0 4

 5 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Federal funds and security RPs (net) -0.0 0.0 -0.0 0.0 0.2 0.8 -0.6 0.4 2.3 -1.0 6

 7 Credit market instruments 2.3 5.1 -0.0 3.2 8.6 8.8 1.1 4.0 15.4 20.9 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -0.2 0.9 8

 9 Treasury securities 0.1 0.9 0.0 -0.1 -0.6 1.1 -0.6 -1.2 -0.1 0.3 9

10 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.1 0.1 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Other loans and advances 1.0 1.6 -1.8 1.2 4.8 2.3 -2.0 0.8 8.5 9.3 13

14 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Farm Credit System 0.4 0.6 0.7 0.3 0.8 1.0 0.7 0.7 1.4 2.6 15

16 FHLB loans 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 16

17 Mortgages 1.1 2.6 1.8 2.2 4.4 5.4 3.6 4.0 7.1 10.3 17

18 Home 0.5 1.9 1.1 1.6 3.8 4.6 2.1 1.8 3.4 5.6 18

19 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Other 0.5 1.9 1.1 1.6 3.8 4.6 2.1 1.8 3.4 5.6 20

21 Multifamily residential -0.0 0.0 -0.0 0.0 0.0 0.3 0.8 1.0 1.8 2.2 21

22 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other -0.0 0.0 -0.0 0.0 0.0 0.3 0.8 1.0 1.8 2.2 23

24 Farm 0.6 0.7 0.7 0.5 0.6 0.5 0.7 1.2 1.9 2.5 24

25 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 0.1 -0.1 0.0 0.0 0.4 0.8 0.2 -0.3 1.0 -1.8 26

27 Net increase in liabilities 2.2 5.0 -0.1 3.2 9.2 10.1 0.6 3.9 18.8 18.2 27

28 Credit market instruments 2.1 4.8 -0.6 3.5 8.8 8.2 1.1 3.5 16.3 17.3 28

29 GSE issues (4) 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 29

30 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Other 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 31

32 U.S. government loans 0.2 -0.2 -0.1 0.2 -0.3 0.0 0.0 0.0 0.0 0.7 32

33 Corporate equities 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.4 0.5 33

34 Miscellaneous liabilities 0.1 0.2 0.5 -0.2 0.4 1.8 -0.5 0.4 2.2 0.4 34

35 Discrepancy -0.0 0.0 -0.0 0.0 0.1 -0.1 0.0 0.0 0.3 0.4 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 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 1

 2 Home mortgages 0.1 0.2 0.4 0.3 0.4 1.2 4.2 4.0 2.9 4.4 2

 3 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.2 0.2 3

 4 Commercial mortgages 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 -0.1 4

 5 Farm mortgages 0.1 0.1 0.2 0.1 0.2 0.3 0.4 0.3 0.2 -0.0 5

 6 Net increase in pool securities (liabilities)(2) 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 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 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, 1965-1974, March 8, 2012 27

F.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net acquisition of financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net increase in liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Discrepancy 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

 Memo:

 Securitized assets not included above

17 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 REIT assets (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.4 0.3 0.4 0.2 0.0 -0.0 0.2 0.3 0.4 0.2 1

 2 Fixed nonresidential investment 0.1 0.2 0.3 0.6 0.4 0.4 0.2 0.1 0.4 0.7 2

 3 Net acquisition of financial assets 5.5 1.8 1.0 5.9 9.4 3.7 8.1 11.6 13.6 3.4 3

 4 Checkable deposits and currency 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 4

 5 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 5

 6 Credit market instruments 4.8 2.3 0.5 5.2 8.6 2.3 6.1 9.9 11.9 5.4 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Other loans and advances 2.0 1.1 -0.3 2.2 5.0 0.4 1.3 4.2 5.0 4.8 8

 9 Mortgages 0.5 -0.6 0.4 0.6 0.8 1.8 2.4 2.2 2.3 -1.4 9

10 Consumer credit 2.3 1.8 0.5 2.3 2.8 0.1 2.3 3.6 4.6 1.9 10

11 Miscellaneous assets 0.5 -0.6 0.4 0.6 0.8 1.2 1.7 1.4 1.5 -2.2 11

12 Net increase in liabilities 4.8 1.1 0.3 5.2 8.8 3.0 7.7 11.2 13.4 2.9 12

13 Credit market instruments 4.9 4.4 2.4 4.3 8.1 3.6 2.8 7.7 9.4 7.0 13

14 Open market paper 1.2 3.5 2.0 2.9 6.0 0.6 -0.5 -1.3 2.0 3.6 14

15 Corporate bonds 0.4 1.5 0.7 0.3 1.1 0.8 2.3 4.0 3.9 5.6 15

16 Bank loans n.e.c. 3.3 -0.6 -0.4 1.1 1.0 2.2 0.9 5.0 3.5 -2.2 16

17 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable 0.1 -0.0 -0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Miscellaneous liabilities -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.8 3.4 4.0 -4.1 19

20 Foreign direct investment in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 20

21 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.4 0.6 -0.3 21

22 Other -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.2 1.1 3.4 -3.8 22

23 Discrepancy -0.5 -0.6 -0.7 -1.1 -1.0 -1.1 -0.5 -0.2 -0.2 -0.9 23

 Memo:

24 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table F.126.
28 FFA, 1965-1974, March 8, 2012

F.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.1 -0.1 0.0 1

 2 Fixed nonresidential investment 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.2 2

 3 Multifamily residential investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 3

 4 Net acquisition of financial assets 0.0 0.0 0.0 0.8 1.2 1.9 2.5 5.3 4.9 -0.2 4

 5 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 6

 7 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Mortgages 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 9

10 Home 0.0 0.0 0.0 0.0 0.2 0.4 0.2 0.4 0.7 -0.2 10

11 Multifamily residential 0.0 0.0 0.0 0.1 0.4 0.8 0.9 2.0 2.4 0.2 11

12 Commercial 0.0 0.0 0.0 0.7 0.6 0.7 1.2 1.7 2.5 0.2 12

13 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.1 -0.6 -0.4 13

14 Net increase in liabilities 0.0 0.0 0.0 0.9 1.3 2.0 2.7 5.8 5.6 0.3 14

15 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Credit market instruments 0.0 0.0 0.0 0.8 0.7 0.7 1.9 4.6 4.9 0.3 16

17 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.8 2.5 0.7 -3.3 17

18 Corporate bonds 0.0 0.0 0.0 0.0 0.1 0.5 0.4 0.4 0.6 0.2 18

19 Bank loans n.e.c. 0.0 0.0 0.0 0.6 0.4 0.1 0.6 1.3 3.4 3.3 19

20 Mortgages 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 20

21 Corporate equity issues 0.0 0.0 0.0 0.1 0.6 1.4 0.8 0.8 0.5 -1.4 21

22 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 1.4 22

23 Discrepancy -0.0 -0.0 -0.0 -0.0 -0.0 0.1 0.1 0.1 0.2 0.3 23

 Memo:

24 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28
FFA, 1965-1974, March 8, 2012 29

F.129 Security Brokers and Dealers

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Gross saving 0.2 0.2 0.3 0.4 0.1 -0.1 0.2 0.3 0.5 0.5 1

 2 Fixed nonresidential investment 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.6 0.8 0.8 2

 3 Net acquisition of financial assets 0.5 0.9 3.4 3.8 -3.1 0.8 1.4 5.3 -2.6 -2.0 3

 4 Checkable deposits and currency 0.0 0.1 0.2 0.5 -0.1 -0.3 0.0 -0.0 -0.2 -0.1 4

 5 Credit market instruments -0.2 0.8 -0.3 0.6 0.1 2.3 -1.4 1.3 1.6 0.2 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 1.0 6

 7 Treasury securities -0.3 0.7 -0.8 0.8 -0.0 1.7 -1.6 0.2 -0.0 0.2 7

 8 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Municipal securities -0.2 0.0 0.0 0.0 -0.2 0.6 0.1 -0.1 0.2 -0.4 9

10 Corporate and foreign bonds 0.3 0.1 0.4 -0.2 0.4 0.1 0.1 0.2 0.4 -0.6 10

11 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate equities 0.2 0.3 0.1 -0.3 0.6 -0.0 -0.1 0.1 0.6 0.1 12

13 Security credit 0.4 -0.0 3.2 2.8 -3.5 -1.3 2.6 3.7 -4.3 -1.6 13

14 Miscellaneous assets 0.1 -0.1 0.3 0.1 -0.2 0.1 0.2 0.2 -0.3 -0.7 14

15 Net increase in liabilities 0.4 0.9 3.2 3.5 -3.1 1.0 1.2 5.2 -2.7 -1.7 15

16 Security RPs (net) -0.4 0.0 -0.6 -0.3 0.1 0.5 -0.1 -0.8 0.2 -0.9 16

17 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Corporate equity issues 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.3 20

21 Trade payables 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 21

22 Security credit 0.7 0.8 3.8 3.7 -3.1 0.5 1.3 4.9 -3.6 -2.1 22

23 Customer credit balances (HH) 0.9 0.2 2.3 2.4 -2.0 -1.0 0.5 0.2 -0.2 -1.0 23

24 From U.S.-chartered commercial banks 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 24

25 From foreign banking offices in U.S. -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 25

26 Taxes payable 0.0 0.0 0.1 0.0 -0.1 0.0 -0.0 0.0 -0.0 -0.1 26

27 Miscellaneous liabilities -0.1 -0.0 -0.1 -0.1 -0.1 -0.0 -0.0 0.8 -0.3 0.2 27

28 Foreign direct investment in U.S. -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 0.3 28

29 Due to affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 1.0 29

30 Other -0.0 -0.0 -0.0 -0.1 -0.1 -0.0 -0.1 0.8 -1.0 -1.1 30

31 Proprietors’ net investment 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 31

32 Discrepancy -0.2 -0.0 -0.2 -0.2 -0.2 -0.4 -0.5 -0.4 -0.3 -0.0 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 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 1

 2 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 4

 5 Open market paper 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Net increase in liabilities 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 12

13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Corporate equities (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Miscellaneous liabilities 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 19

20 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Securities loaned (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Other (net) 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 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, 1965-1974, March 8, 2012

F.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 0.4 0.0 1.1 2.0 0.2 -0.8 -0.8 1.3 -0.2 1.5 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 2

 3 Rest of the world 0.4 0.0 1.1 2.0 0.2 -1.7 -1.5 0.6 -0.2 1.5 3

 4 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 0.2 0.7 -0.0 0.2 4

 5 Reserve position in IMF (net) 0.1 -0.5 0.1 0.9 1.0 -0.4 -1.4 -0.2 0.0 1.3 5

 6 Foreign currency holdings 0.3 0.5 1.0 1.2 -0.8 -2.2 -0.4 0.0 -0.2 0.0 6

 7 Net change in assets 0.4 0.0 1.1 2.0 0.2 -0.8 -0.8 1.3 -0.2 1.5 7

 8 Federal government 0.3 -0.3 0.6 1.9 1.6 -1.8 -1.6 0.5 -0.1 1.4 8

 9 Monetary gold (2) -0.0 0.0 0.0 0.4 1.0 -1.2 -0.3 -0.0 0.0 -0.1 9

10 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 0.2 0.7 -0.0 0.2 10

11 Reserve position in IMF (net) 0.1 -0.5 0.1 0.9 1.0 -0.4 -1.3 -0.2 0.0 1.3 11

12 Foreign currency holdings 0.2 0.3 0.5 0.6 -0.4 -1.1 -0.2 0.0 -0.1 0.0 12

13 Rest of the world 1.7 0.6 1.2 1.2 -1.0 1.7 1.6 1.3 0.0 0.0 13

14 Monetary gold (2) 1.7 0.6 1.2 1.2 -1.0 0.8 0.9 0.5 0.0 0.0 14

15 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 15

16 Monetary authority -1.5 -0.3 -0.7 -1.0 -0.4 -0.7 -0.8 -0.5 -0.1 0.1 16

17 Monetary gold (2) -1.7 -0.6 -1.2 -1.6 0.0 0.4 -0.6 -0.5 0.0 0.1 17

18 Reserve position in IMF (net) -0.0 -0.0 -0.0 0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 18

19 Foreign currency holdings 0.2 0.3 0.5 0.6 -0.4 -1.1 -0.2 0.0 -0.1 0.0 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 0.0 0.4 0.0 0.0 0.0 0.0 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 2

 Treasury currency:

 3 Liab: Federal government 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 3

 4 Asset: Monetary authority 0.2 0.7 0.5 0.2 0.1 0.3 0.5 0.7 0.4 0.5 4

 5 Discrepancy (seigniorage) 0.1 0.2 0.2 0.2 0.2 -0.1 0.0 -0.2 0.0 -0.1 5

F.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Nonfinancial corporate business -0.3 0.1 0.1 0.5 -0.4 -0.4 0.4 0.9 1.2 -0.2 3

 4 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Discrepancy--unallocated assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5
FFA, 1965-1974, March 8, 2012 31

F.203 Net Interbank Transactions

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 0.6 6.0 2.3 5.8 12.4 -3.0 -1.7 -4.8 -2.7 -1.1 1

 2 Monetary authority 0.7 1.9 1.8 2.0 0.3 1.8 4.1 -1.0 3.5 -0.3 2

 3 U.S.-chartered commercial banks 0.1 3.7 0.8 3.7 11.5 -3.9 -7.0 -6.0 -5.9 -5.2 3

 4 Foreign banking offices in U.S. -0.2 0.3 -0.2 0.1 0.6 -0.9 1.2 2.2 2.3 4.6 4

 5 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -0.2 5

 6 Net change in assets 0.4 5.1 2.3 5.2 12.6 -3.6 -0.7 -0.2 -3.3 -3.6 6

 7 Rest of the world 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -5.2 -1.2 7

 8 Monetary authority -0.4 0.3 -0.1 1.0 -0.0 1.0 -0.2 1.6 -1.6 -2.1 8

 9 U.S.-chartered commercial banks 0.7 1.9 1.8 2.0 0.3 1.8 4.1 -1.0 3.5 -0.3 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Discrepancy 0.2 0.8 0.0 0.6 -0.1 0.6 -1.0 -4.6 0.6 2.5 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 14

15 Asset: U.S.-chartered commercial banks 0.3 0.6 0.5 1.3 0.1 -0.3 0.5 1.1 2.0 1.0 15

 Depository institution reserves:

16 Liab.: Monetary authority 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 16

17 Asset: U.S.-chartered commercial banks 0.4 1.3 1.3 0.8 0.2 2.1 3.6 -2.1 1.4 -1.2 17

18 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks -0.4 0.3 -0.1 1.0 -0.0 1.0 -0.2 1.6 -1.6 -2.1 21

22 Federal Reserve float -0.4 0.3 -0.0 1.0 -0.0 0.8 0.1 -0.4 -0.9 -1.1 22

23 Loans to member banks -0.1 0.1 -0.0 0.0 -0.0 0.2 -0.3 1.9 -0.7 -1.0 23

24 Asset: Monetary authority -0.4 0.3 -0.1 1.0 -0.0 1.0 -0.2 1.6 -1.6 -2.1 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 0.3 2.7 0.2 1.8 11.3 -6.0 -4.9 -0.5 -0.9 -1.6 25

26 Due to foreign affiliates 0.3 2.7 0.2 1.8 11.4 -6.0 -4.9 -0.2 -0.2 2.6 26

27 - Due from foreign affiliates 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.3 0.6 4.2 27

28 Foreign banking offices in U.S. (net) -0.2 0.2 0.4 0.4 1.0 -0.2 0.5 0.1 -1.5 2.2 28

29 Due to foreign affiliates -0.2 0.3 0.5 0.5 1.2 0.2 0.7 0.5 -0.3 4.5 29

30 - Due from foreign affiliates 0.0 0.1 0.1 0.2 0.2 0.5 0.2 0.4 1.2 2.3 30

31 Bank holding companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -1.0 31

32 Due to foreign affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 - Due from foreign affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 1.0 33

34 Less: Deposits at foreign banks -0.1 0.0 0.1 0.0 0.0 0.1 0.2 0.3 0.3 0.9 34

35 U.S.-chartered commercial banks -0.1 -0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.0 0.6 35

36 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.3 0.2 36

37 Asset: Rest of the world (1) 0.1 2.9 0.6 2.1 12.3 -6.4 -4.6 -0.7 -5.2 -1.2 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) 0.2 0.7 0.7 0.9 0.3 1.3 -1.8 -6.8 -3.4 -0.9 38

39 Due to (3): 0.2 0.8 0.6 1.0 0.6 1.7 0.2 -4.1 4.9 7.0 39

40 Foreign banking offices in U.S. -0.0 -0.0 0.6 0.4 0.7 1.1 1.2 0.6 4.2 4.6 40

41 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 - Due from: 0.0 0.1 -0.0 0.1 0.3 0.5 2.0 2.7 8.3 8.0 42

43 Foreign banking offices in U.S. 0.0 0.1 -0.0 0.1 0.3 0.5 2.0 2.7 8.3 7.2 43

44 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 44

45 Unallocated (2) 0.2 0.8 0.0 0.6 -0.1 0.6 -1.0 -4.6 0.6 2.5 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, 1965-1974, March 8, 2012

F.204 Checkable Deposits and Currency

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 1

 2 Monetary authority 1.9 2.4 2.9 1.5 3.3 3.1 4.5 3.1 3.4 6.9 2

 3 Federal government cash and deposits -0.2 0.2 0.9 -1.1 0.6 -0.4 0.9 -1.1 -0.5 0.4 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign -0.1 0.2 -0.0 0.1 -0.1 -0.0 0.1 -0.1 -0.1 0.2 5

 6 Currency outside banks 2.1 2.0 2.0 2.5 2.8 3.5 3.5 4.3 3.9 6.3 6

 7 U.S.-chartered commercial banks 5.5 1.6 12.0 12.2 4.6 5.1 13.0 24.2 12.5 -1.3 7

 8 Federal government deposits -1.0 -0.5 0.2 -0.2 0.0 2.9 2.2 0.7 -1.0 -5.1 8

 9 Deposits due to foreign 0.2 0.2 0.3 0.3 0.4 0.5 -0.5 1.4 2.2 2.1 9

10 Private domestic deposits 6.3 2.0 11.4 12.1 4.2 1.7 11.2 22.1 11.3 1.7 10

11 Foreign banking offices in U.S. -0.2 0.2 0.1 1.1 -0.0 4.2 0.2 -3.3 0.3 1.2 11

12 Deposits due to foreign 0.0 -0.0 0.0 0.2 0.1 0.0 0.2 0.3 0.7 0.5 12

13 Private domestic deposits -0.2 0.2 0.1 0.9 -0.1 4.2 -0.0 -3.6 -0.5 0.6 13

14 Banks in U.S.-affiliated areas 0.1 0.3 0.3 0.3 0.1 0.3 0.4 0.3 0.3 0.0 14

15 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.1 15

16 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Net change in assets 7.3 4.5 15.3 15.1 8.1 12.8 18.0 24.4 16.6 7.0 17

18 Household sector 6.7 2.4 10.3 9.4 -1.5 7.2 13.4 12.9 11.7 5.1 18

19 Nonfinancial business 0.4 -0.7 2.7 2.9 5.7 1.1 -1.3 2.6 2.0 1.2 19

20 Corporate 0.3 -0.7 2.5 2.7 5.6 1.0 -1.5 2.4 1.4 1.2 20

21 Noncorporate 0.1 -0.0 0.1 0.2 0.1 0.1 0.1 0.3 0.6 0.1 21

22 State and local governments -0.6 0.5 0.8 -0.7 1.9 -1.0 0.8 0.5 0.0 0.2 22

23 Federal government -1.6 -0.4 0.5 -2.3 1.6 3.5 3.5 -1.0 -1.8 -4.6 23

24 Rest of the world 0.3 0.7 0.6 0.9 0.8 1.0 0.3 2.2 3.8 3.8 24

25 Checkable deposits 0.1 0.4 0.3 0.6 0.3 0.5 -0.2 1.6 2.9 2.8 25

26 Currency 0.1 0.3 0.2 0.3 0.5 0.5 0.5 0.6 0.9 1.0 26

27 Financial sectors 0.2 -0.4 0.2 0.5 -0.4 0.6 0.9 1.8 0.9 0.7 27

28 Banks in U.S.-affiliated areas -0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.2 0.3 -0.2 28

29 Savings institutions 0.1 -0.6 -0.3 -0.4 -0.3 0.1 -0.1 0.5 0.1 0.2 29

30 Credit unions 0.0 0.0 0.1 -0.0 -0.0 0.2 0.1 0.0 -0.0 0.0 30

31 Property-casualty insurance companies -0.1 0.0 -0.0 0.1 -0.0 0.1 0.1 0.0 -0.0 0.1 31

32 Life insurance companies 0.0 0.0 0.0 0.1 -0.0 0.1 0.0 0.2 0.1 -0.1 32

33 Private pension funds 0.0 -0.2 0.1 0.1 0.0 0.1 0.2 0.5 0.7 0.9 33

34 State and local govt. retirement funds 0.0 0.1 -0.1 0.1 -0.1 0.1 0.2 0.2 -0.2 -0.3 34

35 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Government-sponsored enterprises -0.0 0.0 0.0 0.0 0.0 -0.0 0.1 -0.0 0.1 -0.0 36

37 Finance companies 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 37

38 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Brokers and dealers 0.0 0.1 0.2 0.5 -0.1 -0.3 0.0 -0.0 -0.2 -0.1 39

40 Mail float 1.9 2.3 0.2 4.5 -0.0 0.4 0.5 5.3 -0.1 0.4 40
FFA, 1965-1974, March 8, 2012 33

F.205 Time and Savings Deposits

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 33.2 20.3 40.6 33.3 -0.7 54.9 81.8 88.4 78.4 77.9 1

 2 Small time and savings deposits 27.3 18.0 34.7 26.6 14.4 30.6 68.4 70.7 39.4 36.9 2

 3 U.S.-chartered commercial banks 14.2 11.0 18.1 13.9 6.0 14.2 28.6 25.6 12.6 17.3 3

 4 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.1 0.1 4

 5 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 5

 6 Savings institutions 12.1 6.1 15.6 11.5 6.5 14.6 36.8 41.8 23.7 16.5 6

 7 Credit unions 1.0 0.8 1.0 1.2 1.4 1.7 2.9 3.3 2.9 3.0 7

 8 Large time deposits (1) 5.9 2.3 5.9 6.7 -15.1 24.2 13.5 17.7 39.1 41.0 8

 9 U.S.-chartered commercial banks 5.8 2.3 5.8 6.6 -15.8 23.1 12.4 17.0 37.1 38.2 9

10 Foreign banking offices in U.S. 0.1 0.0 0.1 0.1 0.2 0.3 0.2 -0.3 0.8 1.0 10

11 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.0 11

12 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.7 0.8 0.9 1.1 1.7 12

13 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Net change in assets 33.2 20.3 40.6 33.3 -0.7 54.9 81.8 88.4 78.4 77.9 14

15 Household sector 27.5 18.7 34.9 30.3 9.1 41.4 64.9 71.6 61.5 54.2 15

16 Nonfinancial business 2.3 -0.4 1.1 -0.6 -5.4 3.1 5.8 4.0 6.3 5.4 16

17 Corporate 2.3 -0.4 1.1 -0.6 -5.4 1.7 4.2 2.4 4.7 3.8 17

18 Noncorporate 0.0 0.0 0.0 0.0 0.0 1.4 1.6 1.6 1.6 1.6 18

19 State and local governments 2.4 1.3 2.3 3.1 -5.8 10.0 7.2 6.7 6.6 5.0 19

20 Federal government -0.0 -0.0 0.0 0.1 -0.2 0.3 0.1 0.1 -0.2 0.0 20

21 Rest of the world 0.6 0.3 1.3 -0.3 1.4 -1.7 0.3 2.9 2.8 7.7 21

22 Financial sectors 0.5 0.4 1.1 0.7 0.2 1.8 3.6 3.1 1.3 5.6 22

23 Savings institutions 0.0 0.1 0.1 0.1 -0.0 0.4 1.7 1.1 -0.5 0.7 23

24 Credit unions 0.0 -0.2 0.2 -0.2 -0.4 0.4 0.9 0.6 -0.4 0.6 24

25 Private pension funds 0.4 0.5 0.6 0.7 0.7 0.9 1.0 1.2 1.5 1.9 25

26 State and local govt. retirement funds 0.0 0.0 0.2 0.1 -0.1 0.0 -0.1 0.0 0.6 0.7 26

27 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 27

28 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Finance companies 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Net purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 2

 3 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 3

 4 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12
34 FFA, 1965-1974, March 8, 2012

F.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 0.8 -0.0 -0.7 0.6 6.0 -3.6 3.9 1.7 16.4 2.2 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 U.S.-chartered commercial banks (net) 1.2 -0.1 -0.0 0.9 5.9 -4.1 4.0 2.2 16.3 1.4 3

 4 Foreign banking offices in U.S. (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Bank holding companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 1.7 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Brokers and dealers (net) -0.4 0.0 -0.6 -0.3 0.1 0.5 -0.1 -0.8 0.2 -0.9 10

11 Net change in assets 1.4 2.6 -1.2 -0.9 7.1 -6.3 3.0 1.7 15.7 -4.6 11

12 Nonfinancial corporate business 0.3 0.3 -0.2 0.5 2.2 -3.1 0.8 1.6 8.6 -5.8 12

13 State and local governments 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 13

14 Rest of the world (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.0 14

15 Monetary authority -0.2 0.4 -0.5 -0.3 0.0 0.0 1.5 -1.4 -0.0 1.3 15

16 Savings institutions 0.0 0.0 0.0 0.1 0.2 0.1 0.7 0.5 2.0 2.3 16

17 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Private pension funds 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 0.4 0.5 20

21 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 22

23 Mutual funds 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 23

24 Government-sponsored enterprises (net) -0.0 0.0 -0.0 0.0 0.2 0.8 -0.6 0.4 2.3 -1.0 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Discrepancy--unallocated assets -0.6 -2.7 0.5 1.5 -1.2 2.7 0.8 -0.0 0.7 6.8 26

F.208 Open Market Paper

Billions of dollars

 1 Total net issues, all types 0.9 4.6 4.2 4.2 12.5 2.1 -0.1 1.6 8.4 17.8 1

 2 Commercial paper 0.9 4.3 3.4 4.1 11.4 0.5 -0.9 2.6 6.4 8.1 2

 3 Nonfinancial corporate business -0.3 0.8 1.4 1.2 1.1 1.8 -0.9 0.7 1.4 4.1 3

 4 Foreign issues in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 4

 5 Nonfinancial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 5

 6 Financial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Financial sectors 1.2 3.5 2.0 2.9 10.3 -1.3 -0.1 1.9 4.9 3.8 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Bank holding companies 0.0 0.0 0.0 0.0 4.3 -1.9 -0.4 0.7 2.2 3.5 9

10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Finance companies 1.2 3.5 2.0 2.9 6.0 0.6 -0.5 -1.3 2.0 3.6 11

12 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.8 2.5 0.7 -3.3 12

13 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Bankers’ acceptances (1) 0.0 0.2 0.7 0.1 1.0 1.6 0.8 -1.0 2.0 9.7 14

15 U.S.-chartered commercial banks 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.8 15

16 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 16

17 Net purchases, by sector 0.9 4.6 4.2 4.2 12.5 2.1 -0.1 1.6 8.4 17.8 17

18 Household sector 0.9 2.3 1.8 2.0 6.4 -2.0 -2.8 -4.4 4.8 5.9 18

19 Nonfinancial corporate business -0.3 1.5 1.1 1.1 2.5 1.8 1.9 3.0 0.6 4.1 19

20 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Rest of the world 0.4 0.2 0.0 0.6 1.0 0.5 -0.2 -0.1 0.3 0.4 21

22 Monetary authority 0.0 -0.0 0.0 -0.0 0.0 -0.0 0.0 -0.0 -0.0 0.5 22

23 U.S.-chartered commercial banks (1) -0.6 -0.1 0.9 -0.0 0.4 1.0 0.4 -0.1 -0.7 0.8 23

24 Foreign banking offices in U.S. (1) 0.0 0.1 0.0 0.1 0.2 0.4 0.1 0.1 0.2 0.7 24

25 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Life insurance companies 0.0 0.1 0.1 0.0 0.8 0.8 0.6 0.2 0.0 1.1 28

29 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 1.3 2.3 29

30 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 31

32 Mutual funds 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 32

33 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -0.2 0.9 33

34 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.0 1.0 34

35 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 35

(1) Excludes banks’ holdings of own acceptances.
FFA, 1965-1974, March 8, 2012 35

F.209 Treasury Securities

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 1

 2 Savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 2

 3 Treasury bills 3.7 10.4 -0.7 5.1 5.6 7.4 9.6 6.4 3.9 12.0 3

 4 Other Treasury securities -3.2 -8.7 8.6 3.6 -6.2 5.4 14.1 4.6 -0.0 -2.8 4

 5 Net purchases 1.2 2.3 8.9 9.4 -0.8 13.1 26.0 14.2 6.6 12.1 5

 6 Household sector 1.2 4.3 -0.1 2.7 11.4 -10.1 -8.8 3.2 11.1 6.6 6

 7 Savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 7

 8 Bills and other Treasury securities 0.6 3.8 -1.1 2.1 11.5 -10.4 -11.2 -0.1 8.4 3.6 8

 9 Nonfinancial corporate business -1.9 -1.5 -2.4 0.3 -3.3 0.6 2.8 -2.2 -4.4 1.4 9

10 Nonfinancial noncorporate business 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 10

11 State and local governments 2.2 0.6 -0.4 0.2 3.1 -0.1 -0.4 2.3 1.2 0.5 11

12 Rest of the world -0.3 -1.9 2.1 -0.7 -2.3 9.5 26.6 8.2 -0.2 4.0 12

13 Monetary authority 4.0 3.2 5.3 4.0 4.2 5.0 6.9 0.8 8.7 1.6 13

14 U.S.-chartered commercial banks -3.4 -3.4 6.3 2.0 -9.8 7.0 3.2 2.1 -8.8 -3.9 14

15 Foreign banking offices in U.S. 0.1 -0.1 0.1 0.0 0.0 -0.1 -0.2 0.1 -0.0 0.1 15

16 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Banks in U.S.-affiliated areas -0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 -0.1 -0.2 17

18 Savings institutions 0.2 -0.2 1.2 0.1 -1.9 -1.3 -0.4 -0.5 -1.7 -1.1 18

19 Credit unions 0.0 0.0 0.0 0.0 0.2 0.0 0.0 -0.0 0.3 0.1 19

20 Property-casualty insurance companies -0.2 -0.5 -0.7 -0.4 -0.5 -0.1 -0.2 -0.3 -0.1 0.0 20

21 Life insurance companies -0.5 -0.2 -0.2 -0.2 -0.3 -0.1 -0.2 -0.0 -0.4 -0.1 21

22 Private pension funds -0.2 -0.2 -0.3 0.4 -0.2 -0.1 0.0 1.3 2.0 3.2 22

23 State and local govt. retirement funds 0.1 -0.0 -1.0 -0.2 -0.5 -0.3 -1.2 -0.3 -1.1 -0.9 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 25

26 Mutual funds 0.0 0.6 -0.5 0.2 -0.5 0.2 -0.3 0.1 -0.0 0.4 26

27 Closed-end funds -0.0 -0.0 0.0 0.1 -0.0 -0.1 0.1 0.1 0.1 -0.1 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Government-sponsored enterprises 0.1 0.9 0.0 -0.1 -0.6 1.1 -0.6 -1.2 -0.1 0.3 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Brokers and dealers -0.3 0.7 -0.8 0.8 -0.0 1.7 -1.6 0.2 -0.0 0.2 31

 Memo:

32 Federal government borrowing (1) 1.6 3.6 12.9 12.5 -3.2 12.1 24.9 15.0 6.9 11.9 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, 1965-1974, March 8, 2012

F.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues 2.6 6.9 4.3 6.9 7.4 8.8 4.9 9.3 20.4 21.0 1

 2 Budget agencies 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 2

 3 Government-sponsored enterprises 1.9 5.1 -0.6 3.2 9.1 8.2 1.1 3.5 16.3 16.6 3

 4 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 4

 5 Net purchases 2.6 6.9 4.3 6.9 7.4 8.8 4.9 9.3 20.4 21.0 5

 6 Household sector 0.9 4.7 0.4 -0.1 5.2 4.6 -1.3 -5.7 -0.6 6.4 6

 7 Nonfinancial corporate business 0.2 -0.2 -0.0 0.4 0.2 -0.5 -0.3 0.1 1.0 0.9 7

 8 State and local governments 0.2 -0.7 0.4 3.4 1.4 -2.3 -2.2 3.3 6.6 3.1 8

 9 Federal government 0.0 1.3 -0.1 0.1 -1.3 -0.1 0.0 -0.0 -0.0 -0.0 9

10 Rest of the world 0.3 0.3 0.3 0.3 0.3 0.3 0.0 0.1 0.1 -0.5 10

11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.8 0.6 2.8 11

12 U.S.-chartered commercial banks 0.6 0.3 3.0 1.3 -0.3 3.8 4.0 3.9 7.4 3.5 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.1 13

14 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Savings institutions 0.0 0.1 0.2 0.3 1.2 2.2 3.8 3.4 2.2 1.3 16

17 Credit unions 0.0 0.1 0.1 0.1 0.1 0.3 0.2 0.6 0.2 0.3 17

18 Property-casualty insurance companies 0.1 0.7 -0.1 0.2 0.2 0.0 0.3 0.4 0.0 0.4 18

19 Life insurance companies 0.0 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 19

20 Private pension funds -0.0 -0.0 -0.1 0.1 0.2 0.3 -0.3 1.5 1.1 1.1 20

21 State and local govt. retirement funds 0.1 0.2 0.1 0.6 0.2 -0.1 0.1 0.6 1.2 1.2 21

22 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Government-sponsored enterprises 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.1 0.1 25

26 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 37

F.211 Municipal Securities and Loans

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 1

 2 State and local governments 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 2

 3 Short-term (1) 0.6 0.7 1.8 0.1 2.8 2.3 2.5 0.1 0.3 2.7 3

 4 Long-term 6.6 5.6 5.3 8.3 8.6 9.6 13.6 13.6 13.5 10.0 4

 5 Nonprofit organizations (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.9 5

 Nonfinancial corporate business

 6 (industrial revenue bonds) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.5 1.8 1.6 6

 7 Net change in assets 7.2 6.2 7.2 8.4 11.4 12.0 16.2 14.2 16.0 15.3 7

 8 Household sector 1.7 4.6 -3.0 -1.6 10.8 -0.1 -1.2 1.7 6.6 7.1 8

 9 Nonfinancial corporate business 0.9 -1.0 -0.3 0.5 -1.0 -0.6 1.0 1.0 -0.1 0.6 9

10 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local governments -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 11

12 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 U.S.-chartered commercial banks 5.1 2.3 9.0 8.6 0.6 10.5 12.8 7.1 5.6 5.1 13

14 Foreign banking offices in U.S. 0.0 0.0 0.1 -0.1 0.0 0.2 -0.2 -0.0 0.0 0.1 14

15 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 15

16 Savings institutions -0.1 -0.1 -0.0 0.1 0.0 0.0 0.2 0.5 0.1 0.3 16

17 Property-casualty insurance companies 0.4 0.7 1.5 0.9 1.1 1.5 3.5 4.3 3.6 2.2 17

18 Life insurance companies -0.2 -0.3 -0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.3 18

19 State and local govt. retirement funds -0.3 -0.1 -0.1 -0.0 -0.1 -0.3 0.1 -0.1 -0.3 -0.7 19

20 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Brokers and dealers -0.2 0.0 0.0 0.0 -0.2 0.6 0.1 -0.1 0.2 -0.4 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, 1965-1974, March 8, 2012

F.212 Corporate and Foreign Bonds

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues 6.5 12.5 16.8 14.6 14.0 23.2 24.5 20.6 15.5 29.0 1

 2 Nonfinancial corporate business 4.9 10.2 14.7 12.9 12.0 19.8 18.8 12.2 9.2 19.7 2

 3 Rest of the world (1) 0.5 0.7 1.2 1.1 1.0 0.9 0.9 1.0 1.0 2.4 3

 4 Financial sectors 1.2 1.6 1.0 0.6 1.0 2.5 4.7 7.4 5.4 6.9 4

 5 U.S.-chartered commercial banks 0.8 0.1 0.3 0.3 -0.2 0.1 0.9 1.1 0.0 0.2 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 0.0 1.1 1.1 1.9 0.9 1.0 6

 7 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 ABS issuers (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 0.4 1.5 0.7 0.3 1.1 0.8 2.3 4.0 3.9 5.6 9

10 REITs 0.0 0.0 0.0 0.0 0.1 0.5 0.4 0.4 0.6 0.2 10

11 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Net purchases 6.5 12.5 16.8 14.6 14.0 23.2 24.5 20.6 15.5 29.0 13

14 Household sector -1.3 2.1 4.0 2.9 3.6 7.7 7.6 1.1 3.0 12.9 14

15 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Rest of the world (2) 0.0 1.2 0.3 2.3 1.6 1.5 1.5 2.1 1.3 1.0 17

18 U.S.-chartered commercial banks -0.1 0.0 0.7 0.3 -0.1 0.8 1.2 1.4 0.4 1.0 18

19 Foreign banking offices in U.S. 0.0 0.0 0.2 -0.1 0.0 0.3 -0.3 -0.1 -0.0 0.0 19

20 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 0.0 21

22 Savings institutions -0.1 0.3 2.1 1.4 0.6 2.7 4.9 2.6 -3.1 -0.2 22

23 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Property-casualty insurance companies 0.6 0.6 0.7 1.2 0.8 2.3 0.3 -0.7 -0.1 2.0 24

25 Life insurance companies 2.8 2.4 3.8 3.7 1.7 1.5 5.5 7.0 5.9 4.0 25

26 Private pension funds 1.5 2.5 1.1 0.6 0.6 1.8 -0.8 2.0 2.1 2.3 26

27 State and local govt. retirement funds 2.3 2.9 3.7 2.6 4.0 4.5 3.9 4.2 5.2 6.1 27

28 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Mutual funds 0.4 0.4 -0.4 -0.6 0.9 0.6 0.2 0.5 0.1 0.6 30

31 Closed-end funds 0.0 0.0 0.1 0.3 0.0 -0.6 0.4 0.2 0.4 -0.1 31

32 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Brokers and dealers 0.3 0.1 0.4 -0.2 0.4 0.1 0.1 0.2 0.4 -0.6 36

37 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 39

F.213 Corporate Equities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net issues -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 1

 2 Nonfinancial corporate business -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 2

 3 Rest of the world (2) 0.3 -0.0 0.1 0.5 0.5 0.2 0.2 -0.4 -0.3 -0.5 3

 4 Financial sectors -0.7 0.4 -0.8 1.1 1.6 -0.3 3.1 2.7 5.6 2.2 4

 5 U.S.-chartered commercial banks -0.1 -0.0 -0.0 -0.1 -0.0 0.1 0.6 1.2 1.2 1.0 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Property-casualty insurance companies 0.1 0.1 0.1 0.2 0.5 0.4 0.6 0.5 0.5 0.9 8

 9 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Closed-end funds -0.7 0.3 -0.8 0.7 0.5 -2.3 1.1 -0.1 2.7 0.9 10

11 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 REITs 0.0 0.0 0.0 0.1 0.6 1.4 0.8 0.8 0.5 -1.4 12

13 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.4 0.5 13

14 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.3 14

15 Funding corporations (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Net purchases -0.4 1.6 1.7 1.4 5.6 5.6 14.8 13.2 13.2 5.8 16

17 Household sector -10.6 -9.8 -13.6 -19.7 -17.2 -4.4 -6.0 -10.4 -3.7 -1.2 17

18 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Rest of the world (4) -0.4 -0.3 0.7 2.1 1.6 0.7 0.8 2.4 2.8 0.2 20

21 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 0.0 0.0 0.0 23

24 Savings institutions 0.2 0.0 0.2 0.3 0.2 0.3 0.5 0.6 0.4 0.2 24

25 Property-casualty insurance companies 0.1 0.4 0.3 0.8 1.0 1.0 2.5 3.0 2.4 -0.5 25

26 Life insurance companies 0.7 0.2 1.0 1.3 1.3 1.6 4.0 3.8 3.3 1.9 26

27 Private pension funds 8.5 9.1 11.4 12.8 14.0 4.6 8.9 12.1 4.1 1.8 27

28 State and local govt. retirement funds 0.4 0.5 0.7 1.3 1.8 2.1 3.2 3.7 3.4 2.6 28

29 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Mutual funds 1.3 1.0 1.8 2.5 1.8 1.2 0.4 -1.8 -2.2 -0.4 30

31 Closed-end funds -0.7 0.3 -1.0 0.3 0.5 -1.6 0.5 -0.4 2.1 1.1 31

32 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Brokers and dealers 0.2 0.3 0.1 -0.3 0.6 -0.0 -0.1 0.1 0.6 0.1 33

34 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 1

 2 Net purchases 2.2 2.5 1.1 2.5 3.3 1.6 0.1 -1.5 -1.1 0.1 2

 3 Household sector 2.1 2.2 0.9 2.2 2.7 1.1 0.3 -1.4 -2.2 -1.4 3

 4 Nonfinancial corporate business 0.1 0.1 0.1 0.2 0.1 -0.0 -0.1 -0.0 0.2 0.3 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Life insurance companies 0.0 0.0 0.0 0.0 0.4 0.4 -0.4 -0.3 0.2 0.4 10

11 Private pension funds 0.0 0.1 0.0 0.1 0.2 0.2 0.2 0.3 0.6 0.8 11

12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012

F.215 Bank Loans Not Elsewhere Classified (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 16.1 10.8 7.4 13.3 17.5 6.5 10.5 25.3 48.0 42.0 1

 2 Nonfinancial sectors 12.6 11.4 7.9 11.6 16.0 4.4 8.3 18.6 40.8 41.3 2

 3 Household sector -0.4 0.7 0.4 0.7 0.1 -0.7 -0.0 0.3 3.6 5.6 3

 4 Corporate business 10.9 8.5 6.5 9.8 13.5 4.9 4.1 12.5 26.8 22.8 4

 5 Noncorporate business 1.6 2.2 1.4 1.5 2.7 0.4 2.2 2.8 7.7 8.3 5

 6 Rest of the world 0.6 -0.1 -0.4 -0.4 -0.3 -0.2 2.0 3.0 2.7 4.7 6

 7 Foreign official institutions 0.1 -0.1 0.0 -0.2 -0.0 -0.1 0.2 0.2 0.4 0.3 7

 8 Foreign banks 0.2 0.1 -0.4 0.1 0.2 -0.1 0.9 1.1 1.6 3.1 8

 9 Other foreign 0.3 -0.1 0.0 -0.3 -0.4 0.0 0.9 1.7 0.7 1.3 9

10 Financial sectors 3.5 -0.6 -0.5 1.7 1.5 2.1 2.2 6.7 7.2 0.6 10

11 Savings institutions 0.2 0.1 -0.1 0.1 0.1 -0.1 0.7 0.4 0.4 -0.4 11

12 Finance companies 3.3 -0.6 -0.4 1.1 1.0 2.2 0.9 5.0 3.5 -2.2 12

13 REITs 0.0 0.0 0.0 0.6 0.4 0.1 0.6 1.3 3.4 3.3 13

14 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Net change in assets 16.1 10.8 7.4 13.3 17.5 6.5 10.5 25.3 48.0 42.0 16

17 Monetary authority (2) 0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 U.S.-chartered commercial banks 16.0 10.5 7.3 12.9 12.3 5.0 10.1 25.1 42.3 34.8 18

19 Foreign banking offices in U.S. 0.1 0.4 0.1 0.4 1.2 2.5 0.5 0.4 4.0 6.3 19

20 Bank holding companies 0.0 0.0 0.0 0.0 3.9 -1.0 -0.1 -0.2 1.7 0.9 20

21 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 41

F.216 Other Loans and Advances

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total other loans and advances 6.4 7.2 3.2 8.4 16.8 9.3 4.6 7.3 22.1 30.2 1

 2 U.S. government loans 2.8 2.7 3.7 3.6 3.4 2.5 3.2 2.5 4.4 3.5 2

 3 Liab.: Household sector 0.2 0.5 0.3 0.4 0.4 0.3 0.4 0.4 0.2 0.5 3

 4 Nonfinancial corporate business 0.3 0.4 0.2 0.2 0.1 0.3 0.2 0.2 0.4 1.5 4

 5 Nonfinancial noncorporate business 0.2 0.2 0.5 0.3 0.3 0.5 0.4 0.1 1.9 0.6 5

 6 State and local governments 0.3 0.6 0.2 0.3 0.7 0.1 0.4 0.3 0.3 0.7 6

 7 Rest of the world 1.5 1.3 2.6 2.2 2.1 1.3 1.8 1.5 1.7 -0.5 7

 8 Government-sponsored enterprises 0.2 -0.2 -0.1 0.2 -0.3 0.0 0.0 0.0 0.0 0.7 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Foreign loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 11

12 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered commercial banks 0.0 0.2 0.6 0.1 0.8 1.3 0.7 -0.8 1.6 7.7 13

14 Foreign banking offices in U.S. 0.0 0.0 0.1 0.0 0.2 0.3 0.2 -0.2 0.4 1.9 14

15 Liab.: Nonfinancial corporate business 0.1 0.3 0.2 0.3 0.7 0.8 0.5 0.1 1.1 2.5 15

16 Rest of the world -0.1 -0.1 0.5 -0.2 0.3 0.8 0.3 -1.0 0.9 7.1 16

17 Savings institution loans to business -0.0 0.1 0.0 0.0 0.0 0.2 0.2 -0.1 -0.1 0.1 17

18 Liab.: Nonfinancial corporate business -0.0 0.1 0.0 0.0 0.0 0.1 0.1 -0.1 -0.1 0.0 18

19 Nonfinancial noncorporate business -0.0 0.1 0.0 0.0 0.0 0.1 0.1 -0.1 -0.1 0.0 19

20 Credit unions loans to business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Policy loans (Household liability) 0.6 1.5 1.0 1.3 2.6 2.3 1.0 1.0 2.2 2.7 23

24 Asset: Federal government 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.0 0.0 0.0 24

25 Life insurance companies 0.5 1.4 0.9 1.2 2.5 2.2 1.0 0.9 2.2 2.7 25

26 Govt.-sponsored enterprises loans (1) 1.0 1.6 -1.8 1.2 4.8 2.3 -2.0 0.8 8.5 9.3 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Nonfinancial corporate business (FCS) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 28

29 Nonfinancial noncorporate business (FCS) 0.4 0.6 0.7 0.3 0.7 1.0 0.6 0.7 1.3 2.5 29

30 U.S.-chartered coml. banks (FHLB & SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Savings institutions (FHLB & SLMA) 0.7 0.9 -2.5 0.9 4.0 1.3 -2.7 0.0 7.2 6.7 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Finance company loans to business 2.0 1.1 -0.3 2.2 5.0 0.4 1.3 4.2 5.0 4.8 36

37 Liab.: Nonfinancial corporate business 1.8 1.0 -0.3 2.0 4.5 0.3 1.2 3.8 4.5 4.4 37

38 Nonfinancial noncorporate business 0.2 0.1 -0.0 0.2 0.5 0.0 0.1 0.4 0.5 0.5 38

39 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012

F.217 Total Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in mortgages 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 1

 2 Home 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 2

 3 Multifamily residential 3.6 3.1 3.5 3.4 4.9 8.1 9.7 12.8 10.4 6.9 3

 4 Commercial 4.5 5.8 4.8 6.8 6.0 8.2 10.1 17.2 19.6 14.7 4

 5 Farm 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 5

 6 Net borrowing 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 6

 7 Household sector 17.8 13.7 16.3 15.4 18.4 12.2 24.7 34.9 40.1 37.9 7

 8 Nonfinancial business 9.6 10.1 7.4 13.9 11.9 18.6 23.8 36.7 37.4 24.2 8

 9 Corporate 2.7 3.6 -0.4 5.2 0.9 13.9 4.6 9.2 30.9 -1.0 9

10 Noncorporate 7.0 6.5 7.8 8.7 11.0 4.7 19.2 27.4 6.6 25.2 10

11 Federal government 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 11

12 REITs 0.0 0.0 0.0 0.2 0.2 0.1 0.1 0.5 0.3 0.1 12

13 Net change in assets 27.5 23.7 23.6 29.4 30.5 30.9 48.6 71.9 77.7 62.2 13

14 Household sector 0.5 1.7 2.1 2.3 1.7 2.2 -3.3 1.0 -0.0 3.4 14

15 Nonfinancial corporate business 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 15

16 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.4 1.2 1.1 0.3 0.1 16

17 State and local governments 0.2 0.2 0.1 0.2 0.5 0.9 1.1 1.4 1.7 2.5 17

18 Federal government -0.0 1.0 0.9 1.4 1.0 0.3 -0.4 -0.7 -0.6 2.7 18

19 U.S.-chartered commercial banks 5.6 4.6 4.5 6.6 5.3 2.7 9.8 16.8 19.6 12.3 19

20 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 20

21 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.0 0.2 0.1 0.1 0.0 0.1 0.5 21

22 Savings institutions (1) 13.1 7.8 9.5 12.1 12.2 11.3 25.9 36.3 32.8 21.2 22

23 Credit unions -0.0 0.0 -0.1 -0.1 -0.2 -0.3 0.0 0.2 0.4 0.1 23

24 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 24

25 Life insurance companies 4.9 4.6 2.9 2.5 2.1 2.3 1.1 1.5 4.4 4.9 25

26 Private pension funds 0.6 0.5 0.2 -0.0 0.1 -0.0 -0.5 -0.9 -0.4 -0.0 26

27 State and local govt. retirement funds 0.7 0.8 0.5 0.4 0.2 0.3 0.4 0.2 0.7 0.6 27

28 Government-sponsored enterprises (1) 1.1 2.6 1.8 2.2 4.4 5.4 3.6 4.0 7.1 10.3 28

29 Agency- and GSE-backed mortgage pools 0.2 0.4 0.7 0.5 0.7 1.6 4.8 4.9 3.6 4.5 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 0.5 -0.6 0.4 0.6 0.8 1.8 2.4 2.2 2.3 -1.4 31

32 REITs 0.0 0.0 0.0 0.8 1.2 1.9 2.3 4.2 5.6 0.2 32

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 1965-1974, March 8, 2012 43

F.218 Home Mortgages (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net borrowing 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 1

 2 Household sector 17.1 13.0 13.3 17.1 17.7 11.3 24.1 34.1 39.5 37.3 2

 3 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.4 0.5 1.0 0.8 -0.4 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 1.4 2.2 3.9 3.0 -1.4 4

 5 Net change in assets 17.1 13.0 13.3 17.1 17.7 13.1 26.9 39.0 43.3 35.5 5

 6 Household sector 1.2 1.1 1.6 2.0 1.8 -1.3 0.4 -0.8 0.6 3.0 6

 7 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.4 0.1 -0.0 8

 9 State and local governments 0.0 0.0 -0.0 0.0 0.1 0.1 0.1 0.1 0.6 0.7 9

10 Federal government -0.1 0.6 0.7 0.9 0.2 -0.1 -0.6 -0.6 -0.8 1.4 10

11 U.S.-chartered commercial banks 3.1 2.4 2.4 3.5 2.8 0.9 5.6 9.0 11.0 6.6 11

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

13 Banks in U.S.-affiliated areas 0.1 0.0 0.1 0.0 0.0 0.1 0.1 0.0 0.0 0.1 13

14 Savings institutions 10.1 6.0 6.9 8.8 9.4 7.4 16.0 26.3 24.8 16.0 14

15 Credit unions -0.0 0.0 -0.1 -0.1 -0.2 -0.3 0.0 0.2 0.4 0.1 15

16 Life insurance companies 1.1 0.6 -0.5 -0.7 -1.4 -0.9 -2.1 -2.3 -1.9 -1.4 16

17 Private pension funds 0.3 0.2 0.1 -0.0 0.1 -0.0 -0.3 -0.4 -0.2 -0.0 17

18 State and local govt. retirement funds 0.3 0.4 0.2 0.2 0.0 0.1 0.1 0.0 0.2 0.1 18

19 Government-sponsored enterprises 0.5 1.9 1.1 1.6 3.8 4.6 2.1 1.8 3.4 5.6 19

20 Agency- and GSE-backed mortgage pools 0.1 0.2 0.4 0.3 0.4 1.2 4.2 4.0 2.9 4.4 20

21 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Finance companies 0.5 -0.5 0.3 0.5 0.7 0.9 0.7 0.9 1.5 -0.9 22

23 REITs 0.0 0.0 0.0 0.0 0.2 0.4 0.2 0.4 0.7 -0.2 23

 Memo:

24 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 24

25 U.S.-chartered commercial banks ND ND ND ND ND ND ND ND ND ND 25

26 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Savings institutions ND ND ND ND ND ND ND ND ND ND 27

28 Credit unions ND ND ND ND ND ND ND ND ND ND 28

29 ABS issuers ND ND ND ND ND ND ND ND ND ND 29

30 Finance companies ND ND ND ND ND ND 0.3 0.3 0.3 0.3 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 3.6 3.1 3.5 3.4 4.9 8.1 9.7 12.8 10.4 6.9 1

 2 Nonfinancial corporate business 0.2 0.2 0.2 0.2 0.2 0.4 0.5 0.6 0.5 0.3 2

 3 Nonfinancial noncorporate business 3.4 3.0 3.4 3.3 4.7 7.7 9.3 12.1 9.9 6.6 3

 4 Federal government 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 4

 5 REITs 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.2 0.1 0.0 5

 6 Net change in assets 3.6 3.1 3.5 3.4 4.9 8.1 9.7 12.8 10.4 6.9 6

 7 Household sector -0.5 -0.1 -0.0 -0.1 -0.4 1.1 -1.6 0.3 -0.9 -0.0 7

 8 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 0.0 -0.1 9

10 State and local governments 0.2 0.1 0.1 0.2 0.4 0.6 0.7 1.0 0.9 1.4 10

11 Federal government -0.0 0.3 0.2 0.3 0.7 0.5 0.4 0.3 0.3 0.7 11

12 U.S.-chartered commercial banks 0.3 0.1 0.3 0.3 0.5 0.1 0.7 1.8 1.2 0.6 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Savings institutions 1.6 0.8 1.2 1.4 1.5 2.3 5.6 4.8 3.2 1.7 14

15 Life insurance companies 1.6 1.5 1.4 1.0 1.5 1.7 0.8 0.6 1.1 1.2 15

16 Private pension funds 0.2 0.2 0.1 -0.0 0.1 -0.0 -0.3 -0.3 -0.1 0.0 16

17 State and local govt. retirement funds 0.2 0.3 0.2 0.1 0.1 0.1 0.3 -0.1 -0.1 0.1 17

18 Government-sponsored enterprises -0.0 0.0 -0.0 0.0 0.0 0.3 0.8 1.0 1.8 2.2 18

19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.2 0.2 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Finance companies 0.1 -0.1 0.1 0.1 0.1 0.5 1.2 0.9 0.4 -1.2 21

22 REITs 0.0 0.0 0.0 0.1 0.4 0.8 0.9 2.0 2.4 0.2 22
44 FFA, 1965-1974, March 8, 2012

F.220 Commercial Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net borrowing 4.5 5.8 4.8 6.8 6.0 8.2 10.1 17.2 19.6 14.7 1

 2 Household sector 0.7 0.7 3.0 -1.6 0.7 0.9 0.6 0.8 0.6 0.6 2

 3 Nonfinancial corporate business 2.4 3.3 -0.8 4.8 0.5 13.0 3.4 7.4 29.3 -1.4 3

 4 Nonfinancial noncorporate business 1.4 1.8 2.5 3.4 4.6 -5.8 6.0 8.7 -10.5 15.3 4

 5 REITs 0.0 0.0 0.0 0.1 0.2 0.1 0.1 0.3 0.2 0.1 5

 6 Net change in assets 4.5 5.8 4.8 6.8 6.0 8.2 10.1 17.2 19.6 14.7 6

 7 Household sector -0.9 0.4 -0.0 -0.6 -0.3 1.9 -2.6 0.7 -1.0 -1.1 7

 8 Nonfinancial corporate business 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.4 0.4 0.4 0.2 0.2 9

10 State and local governments 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.3 0.2 0.3 10

11 Federal government 0.0 0.0 0.1 0.1 0.1 0.1 0.1 -0.2 -0.1 0.3 11

12 U.S.-chartered commercial banks 2.0 2.0 1.6 2.6 1.6 1.2 3.0 5.5 6.8 4.5 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 13

14 Banks in U.S.-affiliated areas 0.0 0.0 -0.0 -0.0 0.1 -0.0 0.0 -0.0 0.1 0.4 14

15 Savings institutions 1.3 1.0 1.3 1.9 1.3 1.5 4.5 5.2 4.8 3.4 15

16 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 -0.0 -0.0 16

17 Life insurance companies 1.7 2.1 1.6 1.9 2.0 1.6 2.5 3.1 4.9 4.8 17

18 Private pension funds 0.2 0.2 0.1 0.0 0.0 0.0 0.1 -0.2 -0.0 -0.0 18

19 State and local govt. retirement funds 0.1 0.1 0.1 0.1 0.0 0.2 0.0 0.1 0.5 0.5 19

20 Agency- and GSE-backed mortgage pools 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 -0.1 20

21 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Finance companies 0.0 -0.0 0.0 0.0 0.0 0.3 0.6 0.4 0.4 0.7 22

23 REITs 0.0 0.0 0.0 0.7 0.6 0.7 1.2 1.7 2.5 0.2 23

F.221 Farm Mortgages (1)

Billions of dollars

 1 Net borrowing 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 1

 2 Nonfinancial corporate business 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 2

 3 Nonfinancial noncorporate business 2.1 1.7 1.8 2.0 1.7 1.4 1.7 2.8 4.2 4.7 3

 4 Net change in assets 2.2 1.9 2.0 2.2 1.8 1.5 1.9 3.0 4.4 5.1 4

 5 Household sector 0.7 0.3 0.6 0.9 0.7 0.4 0.5 0.8 1.3 1.5 5

 6 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 6

 7 State and local governments 0.0 0.0 -0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 7

 8 Federal government 0.1 0.1 -0.1 0.1 0.0 -0.2 -0.3 -0.1 -0.0 0.2 8

 9 U.S.-chartered commercial banks 0.3 0.2 0.2 0.2 0.3 0.5 0.6 0.6 0.7 0.6 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Savings institutions -0.0 0.0 0.1 0.0 -0.0 0.0 -0.1 0.0 0.0 -0.0 11

12 Life insurance companies 0.5 0.4 0.3 0.2 -0.0 -0.1 -0.0 0.1 0.3 0.3 12

13 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.1 -0.1 -0.0 0.0 0.1 -0.1 13

14 Government-sponsored enterprises 0.6 0.7 0.7 0.5 0.6 0.5 0.7 1.2 1.9 2.5 14

15 Agency- and GSE-backed mortgage pools 0.1 0.1 0.2 0.1 0.2 0.3 0.4 0.3 0.2 -0.0 15

(1) Excludes mortgages on farm houses.
FFA, 1965-1974, March 8, 2012 45

F.222 Consumer Credit

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities (Households) 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 1

 2 Net change in assets 10.1 5.9 5.1 10.8 9.9 4.4 15.6 19.5 22.5 8.9 2

 3 Nonfinancial corporate business 0.9 0.2 0.3 0.1 0.2 0.6 2.7 0.7 -0.6 1.1 3

 4 Nonfinancial noncorporate business 0.3 -0.1 -0.1 -0.0 -0.1 0.1 -0.1 -0.1 -0.2 -0.4 4

 5 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 U.S.-chartered commercial banks 5.4 3.0 3.5 6.8 4.9 2.2 8.7 12.7 12.6 3.4 6

 7 Savings institutions 0.2 0.1 0.2 0.2 0.1 0.0 0.2 0.5 3.4 0.6 7

 8 Credit unions 1.0 1.0 0.8 1.4 2.0 1.3 1.8 2.2 2.7 2.3 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Finance companies 2.3 1.8 0.5 2.3 2.8 0.1 2.3 3.6 4.6 1.9 11

F.223 Trade Credit

Billions of dollars

 1 Net change in trade payables 13.8 11.0 9.3 17.2 23.6 9.9 16.7 28.5 47.9 36.7 1

 2 Household sector 0.4 0.4 0.6 0.6 0.7 0.6 0.9 0.8 0.7 1.2 2

 3 Nonfinancial corporate business 11.8 9.1 5.9 16.4 19.5 7.9 13.7 23.2 38.1 26.5 3

 4 Nonfinancial noncorporate business -0.3 -1.2 -0.1 -2.1 0.6 -0.7 0.2 1.1 3.4 3.1 4

 5 State and local governments 1.4 1.5 1.7 1.9 2.0 2.2 2.4 2.5 2.7 3.3 5

 6 Federal government 0.6 0.8 0.7 -0.0 -0.1 -1.0 -1.0 0.3 1.1 -0.5 6

 7 Rest of the world -0.1 0.3 0.5 0.4 0.8 1.0 0.5 0.5 1.9 3.1 7

 8 Brokers and dealers 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.1 8

 9 Net change in trade receivables 14.7 15.7 11.8 20.4 26.9 8.8 13.3 29.9 48.9 35.6 9

10 Nonfinancial corporate business 13.3 12.4 8.3 18.5 22.8 8.4 12.4 26.4 40.9 31.8 10

11 Nonfinancial noncorporate business -0.2 0.6 0.5 -1.4 0.5 -1.5 1.5 0.6 2.3 2.2 11

12 State and local governments 0.8 0.6 0.6 0.9 1.2 0.6 0.9 1.5 2.8 -2.0 12

13 Federal government 0.4 1.2 1.5 0.6 0.9 -0.8 -1.7 -0.8 0.3 1.0 13

14 Rest of the world 0.2 0.6 0.7 1.5 1.0 1.6 -0.1 1.0 2.0 2.1 14

15 Property-casualty insurance companies 0.2 0.2 0.3 0.3 0.4 0.5 0.3 1.2 0.6 0.5 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Discrepancy -0.9 -4.7 -2.5 -3.2 -3.3 1.1 3.4 -1.4 -1.0 1.1 17

F.224 Security Credit

Billions of dollars

 1 Net change in liabilities 1.1 0.8 7.0 6.6 -6.7 -0.8 3.8 8.7 -7.9 -3.6 1

 2 Household sector 0.3 -0.0 3.0 2.6 -3.3 -1.3 2.5 3.6 -4.2 -1.5 2

 3 Rest of the world 0.0 0.0 0.2 0.2 -0.2 0.0 0.0 0.1 -0.2 -0.0 3

 4 Brokers and dealers 0.7 0.8 3.8 3.7 -3.1 0.5 1.3 4.9 -3.6 -2.1 4

 5 Customer credit balances (HH) 0.9 0.2 2.3 2.4 -2.0 -1.0 0.5 0.2 -0.2 -1.0 5

 6 From U.S.-chartered commercial banks 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 6

 7 From foreign banking offices in U.S. -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 7

 8 Net change in assets 1.1 0.8 7.0 6.6 -6.7 -0.8 3.8 8.7 -7.9 -3.6 8

 9 Household sector 0.9 0.2 2.2 2.1 -1.8 -0.9 0.5 0.1 -0.2 -1.0 9

10 Rest of the world 0.0 0.0 0.1 0.3 -0.2 -0.1 -0.0 0.1 -0.0 -0.0 10

11 U.S.-chartered commercial banks 0.1 0.5 1.5 1.3 -1.1 1.4 0.8 4.7 -2.9 -1.0 11

12 Foreign banking offices in U.S. -0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.6 -0.1 12

13 Brokers and dealers 0.4 -0.0 3.2 2.8 -3.5 -1.3 2.6 3.7 -4.3 -1.6 13
46 FFA, 1965-1974, March 8, 2012

F.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Life insurance reserves:

 1 Net change in liabilities 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 1

 2 Federal government 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 2

 3 Life insurance companies 4.7 4.6 5.1 4.8 5.0 5.2 6.3 6.7 7.2 7.0 3

 4 Net change in assets 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 4

 5 Households 4.8 4.7 5.2 4.8 5.0 5.3 6.4 6.9 7.3 7.1 5

 6 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 Pension fund reserves:

 8 Net change in liabilities 18.4 21.1 21.4 24.4 27.0 20.6 24.1 43.6 34.5 37.5 8

 9 Life insurance companies 2.1 2.1 1.5 2.3 3.1 2.9 4.6 4.4 5.7 6.0 9

10 Private pension funds (1) 11.7 13.5 14.5 15.9 16.9 8.9 10.0 27.8 17.2 19.5 10

11 State and local govt. retirement funds 3.3 4.2 4.1 4.8 5.5 6.4 6.6 8.5 9.5 9.3 11

12 Federal government retirement funds (2) 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 12

13 Net change in assets (Households) (3) 18.4 21.1 21.4 24.4 27.0 20.6 24.1 43.6 34.5 37.5 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 2.1 -0.9 -4.4 1.3 -1.5 -2.0 4.1 3.9 5.4 9.0 1

 businesses

 2 Nonfinancial corporate business 2.1 -0.9 -4.2 1.1 -1.7 -2.6 3.1 2.4 3.8 7.4 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.5 1.5 1.6 3

 4 U.S.-chartered commercial banks -0.1 -0.0 -0.1 -0.1 0.1 0.3 -0.0 -0.2 0.1 0.1 4

 5 Savings institutions 0.0 -0.0 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5

 6 Property-casualty insurance companies 0.1 0.0 0.0 -0.0 0.1 0.1 -0.0 0.1 0.0 0.0 6

 7 Life insurance companies -0.0 0.1 -0.1 0.2 0.1 0.1 -0.0 0.0 0.0 -0.0 7

 8 Finance companies 0.1 -0.0 -0.1 -0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Brokers and dealers 0.0 0.0 0.1 0.0 -0.1 0.0 -0.0 0.0 -0.0 -0.1 9

10 Net change in business taxes receivable 1.3 -1.4 -5.0 1.0 -3.2 -2.6 2.7 1.4 3.1 1.7 10

11 State and local governments 0.1 0.0 0.1 0.2 0.0 0.1 1.2 1.8 1.6 1.7 11

12 Federal government 1.2 -1.4 -5.1 0.8 -3.2 -2.7 1.4 -0.4 1.5 -0.0 12

13 Discrepancy 0.8 0.5 0.6 0.2 1.7 0.6 1.4 2.5 2.3 7.3 13

F.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household investment 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.8 -26.9 1

 2 Nonfinancial noncorporate business 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.1 -27.7 2

 3 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.8 3
FFA, 1965-1974, March 8, 2012 47

F.228 Total Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 11.9 8.5 15.2 18.4 25.8 32.8 37.2 53.3 50.4 35.4 1

 2 Household sector 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 2

 3 Nonfinancial corporate business 1.4 1.2 3.9 0.7 4.1 -5.8 0.4 0.0 1.6 7.0 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.4 5.7 4

 5 Federal government 1.3 0.9 1.4 2.1 1.2 2.9 3.7 3.0 1.8 2.7 5

 6 Rest of the world 4.5 5.5 4.9 5.6 6.2 8.5 8.9 8.7 9.5 8.8 6

 7 Monetary authority -0.3 0.1 0.1 0.4 0.3 0.5 -0.2 0.0 1.3 -0.2 7

 8 U.S.-chartered commercial banks 1.2 0.4 0.8 4.1 2.2 5.2 6.0 13.2 5.7 4.8 8

 9 Foreign banking offices in U.S. 0.3 0.1 0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.6 -0.4 9

10 Bank holding companies 0.0 0.0 0.0 0.0 4.4 6.9 3.5 6.1 12.2 1.0 10

11 Banks in U.S.-affiliated areas -0.0 -0.0 -0.0 0.0 -0.1 -0.0 -0.0 -0.0 -0.0 0.0 11

12 Savings institutions 0.5 -0.2 1.6 1.0 0.9 1.7 3.3 2.9 0.2 0.0 12

13 Credit unions -0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.1 0.3 13

14 Property-casualty insurance companies 1.5 1.8 2.1 2.5 3.4 3.4 3.6 4.8 4.8 4.6 14

15 Life insurance companies 1.2 1.2 1.6 1.5 1.4 1.5 1.9 2.6 2.5 2.6 15

16 Government-sponsored enterprises 0.1 0.2 0.5 -0.2 0.4 1.8 -0.5 0.4 2.2 0.4 16

17 Finance companies -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.8 3.4 4.0 -4.1 17

18 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 1.4 18

19 Brokers and dealers -0.1 -0.0 -0.1 -0.1 -0.1 -0.0 -0.0 0.8 -0.3 0.2 19

20 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 20

21 Net change in assets 17.4 7.5 15.9 18.0 17.7 29.3 38.6 72.5 56.5 31.5 21

22 Household sector 1.4 1.3 1.6 1.9 2.2 2.7 2.6 2.9 3.1 2.9 22

23 Nonfinancial corporate business 11.6 3.5 7.3 8.8 10.6 11.9 17.2 32.2 24.6 11.0 23

24 Nonfinancial noncorporate business 0.5 0.6 0.6 0.8 1.1 1.1 5.3 6.2 4.4 1.1 24

25 State and local governments -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 25

26 Federal government 0.1 0.4 -0.1 -0.2 0.1 0.3 0.1 0.1 1.0 0.1 26

27 Rest of the world -0.5 -0.5 0.6 0.6 -5.0 -0.3 -1.2 3.0 5.5 9.1 27

28 Monetary authority 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 28

29 U.S.-chartered commercial banks 0.6 0.5 0.7 1.6 -0.1 -0.4 -0.2 1.8 -0.6 -3.0 29

30 Foreign banking offices in U.S. 0.0 0.1 -0.6 0.5 -0.8 -1.4 0.6 1.4 0.1 -0.6 30

31 Bank holding companies 0.0 0.0 0.0 0.0 4.7 7.0 4.3 8.9 11.2 4.3 31

32 Banks in U.S.-affiliated areas 0.0 0.1 0.1 0.1 0.9 0.3 0.1 0.0 0.1 -0.2 32

33 Savings institutions 0.3 -0.5 1.9 -0.0 -0.4 2.3 2.3 1.9 -1.5 1.1 33

34 Credit unions -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 -0.1 34

35 Property-casualty insurance companies 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 35

36 Life insurance companies 0.5 0.2 0.3 0.6 0.9 0.8 0.9 1.0 0.9 1.4 36

37 Private pension funds 0.7 1.1 1.2 1.0 0.9 1.0 1.2 7.3 3.6 4.6 37

38 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Federal government retirement funds 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 39

40 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 40

41 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Government-sponsored enterprises 0.1 -0.1 0.0 0.0 0.4 0.8 0.2 -0.3 1.0 -1.8 42

43 Finance companies 0.5 -0.6 0.4 0.6 0.8 1.2 1.7 1.4 1.5 -2.2 43

44 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.1 -0.6 -0.4 44

45 Brokers and dealers 0.1 -0.1 0.3 0.1 -0.2 0.1 0.2 0.2 -0.3 -0.7 45

46 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Discrepancy -5.5 1.0 -0.7 0.4 8.1 3.5 -1.4 -19.2 -6.1 3.9 47
48 FFA, 1965-1974, March 8, 2012

F.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 U.S. direct investment abroad (1):

 1 Liab.: Rest of the world 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 1

 2 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Reinvested earnings 5.0 5.4 4.8 5.3 6.0 7.6 7.6 7.7 11.4 9.1 3

 4 Intercompany accounts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Nonfinancial corporate business 4.8 5.2 4.5 5.0 5.6 7.1 7.0 7.0 10.5 7.9 5

 6 U.S.-chartered commercial banks 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.4 6

 7 Property-casualty insurance companies 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 8

 9 Finance companies 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Brokers and dealers 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

 Foreign direct investment in U.S. (1):

11 Liab.: Nonfinancial corporate business 0.5 0.4 0.7 0.8 1.2 1.4 0.3 0.9 2.5 4.6 11

12 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 12

13 Foreign banking offices in U.S. -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 13

14 Property-casualty insurance companies -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 14

15 Life insurance companies -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 15

16 Finance companies -0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 16

17 Brokers and dealers -0.0 0.0 -0.0 0.0 0.0 -0.0 0.0 0.0 -0.0 0.3 17

18 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Asset: Rest of the world 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 19

20 Equity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Reinvested earnings 0.4 0.4 0.7 0.8 1.3 1.5 0.4 0.9 2.8 4.8 21

22 Intercompany accounts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

 Federal government equity in IBRD, etc.:

23 Liab.: Rest of the world 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 23

24 Asset: Federal government 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.6 24

 Federal Reserve Bank stock:

25 Liab.: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 25

26 Asset: U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 26

 Equity in govt.-sponsored enterprises:

27 Liab.: Government-sponsored enterprises 0.1 0.3 0.1 -0.2 0.2 -0.0 0.1 0.2 0.5 0.7 27

28 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.0 0.0 0.0 0.0 0.1 -0.2 0.0 0.0 0.0 0.0 28

29 Nonfinancial noncorporate (FCS) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 29

30 Federal government -0.0 0.1 -0.0 -0.3 0.0 0.0 0.0 0.0 0.0 0.0 30

31 U.S.-chartered commercial banks (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Savings institutions (FHLB) 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.1 0.4 0.5 32

33 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

 BHC investment in subsidiaries:

35 Liab.: U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 4.0 6.0 5.0 6.0 4.0 7.0 35

36 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.6 2.4 0.6 -0.3 38

39 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 1.0 39

40 Asset: Bank holding companies 0.0 0.0 0.0 0.0 4.0 6.0 5.6 8.4 5.4 7.7 40

 NFC investment in finance company subs.:

41 Liab.: Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Asset: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

 Funding corp. investment in subs.:

43 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

 Equity investment under Public-Private Inv. Program:

46 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Asset: Households (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 49

F.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 1

 2 Asset: Federal government 0.0 0.3 -0.2 -0.1 -0.1 0.0 -0.2 -0.2 0.6 -0.5 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government -0.1 -0.2 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector -0.1 -0.2 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises -0.2 -0.0 0.4 -0.0 -0.3 1.3 -0.5 -0.2 0.2 0.6 6

 7 Asset: Savings institutions -0.2 -0.0 0.4 -0.0 -0.3 1.3 -0.5 -0.2 0.2 0.6 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 8

 9 Asset: Life insurance companies 0.3 0.4 0.3 0.4 0.4 0.4 0.3 0.5 0.4 0.7 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 0.7 0.9 0.9 1.0 1.1 1.3 1.3 1.5 1.7 1.7 10

11 Accident and health 0.2 0.2 0.3 0.3 0.4 0.6 0.4 0.5 0.6 0.7 11

12 Policy dividend accumulation 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.8 0.9 0.7 12

13 Contract claims 0.1 0.1 0.1 0.1 0.1 0.1 0.3 0.3 0.3 0.3 13

14 Asset: Household sector 0.7 0.9 0.9 1.0 1.1 1.3 1.3 1.5 1.7 1.7 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 1.5 1.8 2.1 2.5 3.3 3.4 3.6 4.8 4.8 4.9 15

16 Asset: Household sector 0.7 0.7 0.8 0.9 1.2 1.4 1.2 1.4 1.4 1.2 16

17 Nonfinancial corporate business 0.4 0.6 0.7 0.8 1.2 0.9 1.1 1.9 2.0 2.2 17

18 Nonfinancial noncorporate business 0.4 0.5 0.6 0.7 1.0 1.1 1.3 1.5 1.4 1.5 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 21

22 Asset: Private pension funds 0.2 0.0 0.2 0.2 0.0 0.1 0.3 0.5 -0.0 -0.0 22

 Securities borrowed (net):

23 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Asset: Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 Nonmarketable government securities:

25 Liab.: Federal government 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 25

26 Asset: Federal government retirement funds 1.3 1.3 1.3 1.3 1.5 2.4 2.8 3.0 2.1 2.7 26

 Retiree health care funds (2):

27 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012

F.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 2.5 -2.0 4.7 7.0 8.2 8.5 15.6 25.6 20.1 2.4 1

 2 Nonfinancial corporate business 0.7 0.8 3.0 -0.2 2.9 -7.3 -0.2 -1.4 -1.0 2.4 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 8.6 2.9 2.7 3.3 5.6 3

 4 Federal government 0.0 -0.1 0.2 0.7 -0.4 0.5 0.8 0.0 -0.4 -0.0 4

 5 Rest of the world -0.6 -0.2 0.2 0.2 0.2 0.6 1.2 0.8 -2.8 -0.3 5

 6 Monetary authority -0.3 0.1 0.1 0.3 0.3 0.5 -0.2 -0.0 1.2 -0.2 6

 7 U.S.-chartered commercial banks 1.2 0.4 0.8 4.1 -1.8 -0.8 1.0 7.2 1.7 -2.2 7

 8 Foreign banking offices in U.S. 0.3 0.1 -0.0 -0.4 -0.1 -1.8 -1.1 3.9 0.5 -0.6 8

 9 Bank holding companies 0.0 0.0 0.0 0.0 4.4 6.9 3.5 6.1 12.2 1.0 9

10 Banks in U.S.-affiliated areas -0.0 -0.0 -0.0 0.0 -0.1 -0.0 -0.0 -0.0 -0.0 0.0 10

11 Savings institutions 0.5 -0.2 1.6 1.0 0.9 1.7 3.3 2.9 0.2 0.0 11

12 Credit unions -0.1 -0.0 -0.0 -0.0 -0.0 0.0 -0.1 -0.1 0.1 0.3 12

13 Life insurance companies 0.4 0.4 0.7 0.5 0.3 0.2 0.6 1.1 0.8 1.1 13

14 Government-sponsored enterprises 0.1 -0.1 0.1 -0.0 0.5 0.5 -0.1 0.4 1.4 -1.0 14

15 Finance companies -0.2 -3.2 -2.0 0.8 0.6 -0.7 4.2 1.1 3.4 -3.8 15

16 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 1.4 16

17 Brokers and dealers -0.0 -0.0 -0.0 -0.1 -0.1 -0.0 -0.1 0.8 -1.0 -1.1 17

18 Funding corporations 0.2 0.3 0.1 0.2 0.6 -0.2 -0.1 -0.1 0.5 -0.3 18

19 Net change in assets 7.9 -3.0 5.3 6.6 0.1 5.0 17.0 44.9 26.2 -1.5 19

20 Nonfinancial corporate business 6.4 -2.3 2.0 3.0 3.7 4.1 9.1 23.2 12.1 0.9 20

21 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 4.0 4.6 2.8 -0.7 21

22 State and local governments -0.0 0.1 0.0 -0.1 -0.1 -0.0 0.1 -0.1 -0.0 -0.1 22

23 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Rest of the world -0.9 -0.9 -0.1 -0.3 -6.3 -1.8 -1.6 2.0 2.7 4.4 24

25 Monetary authority 0.3 0.2 0.2 0.1 0.2 -0.5 0.1 0.2 0.2 1.8 25

26 U.S.-chartered commercial banks 0.5 0.4 0.6 1.5 -0.3 -0.6 -0.5 1.5 -1.0 -3.5 26

27 Foreign banking offices in U.S. 0.0 0.1 -0.6 0.5 -0.8 -1.4 0.6 1.4 0.1 -0.6 27

28 Bank holding companies 0.0 0.0 0.0 0.0 0.7 1.0 -1.2 0.5 5.8 -3.3 28

29 Banks in U.S.-affiliated areas 0.0 0.1 0.1 0.1 0.9 0.3 0.1 0.0 0.1 -0.2 29

30 Savings institutions 0.5 -0.6 1.5 0.0 -0.1 0.8 2.8 2.1 -2.0 -0.1 30

31 Credit unions -0.0 -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.1 -0.1 -0.1 31

32 Life insurance companies 0.2 -0.1 -0.1 0.2 0.4 0.3 0.6 0.4 0.5 0.6 32

33 Private pension funds 0.6 1.0 1.0 0.8 0.8 0.9 0.8 6.7 3.6 4.6 33

34 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 35

36 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Government-sponsored enterprises 0.1 -0.1 0.0 0.0 0.4 0.8 0.2 -0.3 1.0 -1.8 37

38 Finance companies 0.4 -0.7 0.4 0.6 0.7 1.1 1.7 1.3 1.4 -2.3 38

39 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.1 -0.6 -0.4 39

40 Brokers and dealers 0.0 -0.2 0.2 0.1 -0.2 0.1 0.2 0.1 -0.3 -0.7 40

41 Discrepancy -5.5 1.0 -0.7 0.4 8.1 3.5 -1.4 -19.2 -6.1 3.9 41
FFA, 1965-1974, March 8, 2012 51

F.11 Sector Discrepancies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 All sectors -5.6 -8.8 -6.2 -0.2 2.3 1.7 -7.9 -26.7 -12.0 11.4 1

 2 Household sector -10.0 -18.5 -10.0 -7.9 -10.6 -13.2 -8.2 -26.6 -28.4 8.5 2

 3 Nonfinancial corporate business 8.2 12.1 7.9 8.6 7.9 10.1 6.7 -2.4 23.5 2.4 3

 4 State and local governments -1.9 -0.4 -1.5 -1.6 2.9 4.0 3.2 2.9 -3.0 1.9 4

 5 Federal government -0.3 -2.1 -0.7 2.9 0.5 -2.1 -0.9 -1.4 -0.9 -0.4 5

 6 Rest of the world -1.2 -0.1 -1.1 -0.5 -2.7 -1.6 -11.5 -3.6 -4.3 -6.4 6

 7 Financial sectors -0.4 0.1 -0.8 -1.8 4.4 4.6 2.8 4.5 1.2 5.5 7

 8 Monetary authority -0.0 -0.0 -0.0 -0.0 -0.0 -0.1 -0.2 -0.0 0.0 -0.0 8

 9 U.S.-chartered commercial banks 0.8 0.6 -0.1 0.3 4.6 7.1 5.1 6.2 3.2 6.1 9

10 Foreign banking officed in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.0 -0.0 10

11 Bank holding companies -0.6 -0.7 -0.6 -0.7 -0.8 -0.9 -1.2 -1.4 -1.6 -2.0 11

12 Banks in U.S.-affiliated areas -0.0 -0.0 -0.0 -0.0 -0.1 -0.0 -0.0 -0.0 -0.0 -0.0 12

13 Savings institutions 0.3 0.4 -0.1 0.1 0.3 0.7 0.3 0.6 0.3 0.7 13

14 Credit unions -0.0 -0.0 -0.0 -0.0 -0.0 0.0 -0.0 -0.0 0.1 0.3 14

15 Property-casualty insurance companies 0.2 0.2 0.5 -0.2 0.8 -1.1 -1.2 -0.8 -0.3 0.3 15

16 Life insurance companies -0.2 0.1 0.2 0.0 0.7 0.5 1.0 0.4 -0.2 0.5 16

17 Mutual funds -0.1 0.1 0.2 0.1 0.1 -0.1 -0.0 -0.0 -0.3 -0.2 17

18 Government-sponsored enterprises -0.0 0.0 -0.0 0.0 0.1 -0.1 0.0 0.0 0.3 0.4 18

19 Issuers of asset-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Finance companies -0.5 -0.6 -0.7 -1.1 -1.0 -1.1 -0.5 -0.2 -0.2 -0.9 20

21 REITs -0.0 -0.0 -0.0 -0.0 -0.0 0.1 0.1 0.1 0.2 0.3 21

22 Brokers and dealers -0.2 -0.0 -0.2 -0.2 -0.2 -0.4 -0.5 -0.4 -0.3 -0.0 22

F.12 Instrument Discrepancies

Billions of dollars

 1 All types -5.6 -8.8 -6.2 -0.2 2.3 1.7 -7.9 -26.7 -12.0 11.4 1

 2 Treasury currency 0.1 0.2 0.2 0.2 0.2 -0.1 0.0 -0.2 0.0 -0.1 2

 3 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Net interbank transactions 0.2 0.8 0.0 0.6 -0.1 0.6 -1.0 -4.6 0.6 2.5 4

 5 Security RPs -0.6 -2.7 0.5 1.5 -1.2 2.7 0.8 -0.0 0.7 6.8 5

 6 Mail floats 1.9 2.3 0.2 4.5 -0.0 0.4 0.5 5.3 -0.1 0.4 6

 7 State and local governments 1.3 0.3 -0.2 2.0 -1.2 1.2 -1.1 0.2 0.3 0.0 7

 8 Federal government 0.4 -0.0 0.6 1.0 -0.9 -1.0 -0.4 0.6 0.3 -0.1 8

 9 Private domestic 0.1 2.1 -0.2 1.5 2.1 0.2 2.0 4.5 -0.6 0.4 9

10 Trade credit -0.9 -4.7 -2.5 -3.2 -3.3 1.1 3.4 -1.4 -1.0 1.1 10

11 Taxes payable 0.8 0.5 0.6 0.2 1.7 0.6 1.4 2.5 2.3 7.3 11

12 Miscellaneous -5.5 1.0 -0.7 0.4 8.1 3.5 -1.4 -19.2 -6.1 3.9 12

13 Nonfinancial -1.6 -6.3 -4.6 -4.5 -3.1 -7.1 -11.7 -9.0 -8.5 -10.4 13

 Nonfinancial components (sign reversed):

14 Statistical discrepancy (NIPA) 1.5 6.2 4.5 4.3 2.9 6.9 11.0 9.0 8.0 9.8 14

15 Private wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -0.3 -0.0 0.0 15

16 Contr. for govt. soc. insur., U.S. affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 16
52 FFA, 1965-1974, March 8, 2012

L.1 Credit Market Debt Outstanding (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total credit market debt owed by: 1107.3 1187.8 1268.3 1373.4 1491.1 1600.0 1750.6 1935.1 2172.7 2409.4 1

 2 Domestic nonfinancial sectors 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.9 2

 3 Household sector 339.5 362.1 385.2 414.0 443.9 458.4 500.7 556.7 626.8 683.2 3

 4 Nonfinancial corporate business 208.2 232.8 255.1 286.0 318.7 363.2 391.9 431.5 497.2 552.8 4

 5 Nonfinancial noncorporate business 95.6 105.4 115.7 126.7 142.0 148.8 171.5 202.8 230.4 267.5 5

 6 State and local governments 103.2 110.0 117.4 126.1 138.3 150.3 166.7 180.7 194.8 208.2 6

 7 Federal government 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 7

 8 Rest of the world 37.4 39.4 43.3 46.0 49.2 52.0 56.5 61.1 67.4 81.2 8

 9 Financial sectors 61.9 72.9 73.6 84.0 111.5 127.8 138.9 162.8 209.8 258.3 9

10 U.S.-chartered commercial banks 4.3 4.6 5.5 5.8 6.4 7.8 9.4 9.7 11.3 19.2 10

11 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 11

12 Bank holding companies 0.0 0.0 0.0 0.0 4.3 3.4 4.2 6.8 10.0 14.4 12

13 Savings institutions 6.5 7.5 4.8 5.7 9.8 11.0 9.0 9.5 17.1 23.3 13

14 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Government-sponsored enterprises 14.2 19.0 18.4 21.9 30.6 38.9 40.0 43.5 59.8 77.1 16

17 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 17

18 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Finance companies 35.3 39.7 42.1 46.4 54.6 58.2 61.0 68.7 78.1 85.1 19

20 REITs 0.0 0.0 0.0 0.8 1.5 2.2 4.1 8.8 13.7 14.0 20

21 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Total credit market assets held by: 1107.3 1187.8 1268.3 1373.4 1491.1 1600.0 1750.6 1935.1 2172.7 2409.4 23

24 Domestic nonfinancial sectors 272.2 296.3 304.7 324.5 369.7 374.8 375.3 384.5 420.2 483.5 24

25 Household sector 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 25

26 Nonfinancial corporate business 33.1 32.1 30.7 33.2 32.0 33.9 42.0 44.6 42.9 47.8 26

27 Nonfinancial noncorporate business 4.0 4.0 4.0 4.2 4.5 5.2 6.5 7.7 7.9 7.7 27

28 State and local governments 27.5 27.5 27.6 31.4 36.4 35.1 33.4 40.1 49.8 56.4 28

29 Federal government 37.6 42.7 47.3 52.2 55.4 58.2 60.3 62.1 64.8 72.1 29

30 Rest of the world 17.4 17.3 20.0 22.6 23.2 35.0 62.8 73.2 74.7 79.8 30

31 Financial sectors 817.7 874.2 943.6 1026.3 1098.3 1190.2 1312.4 1477.4 1677.8 1846.2 31

32 Monetary authority 40.6 43.7 49.1 53.0 57.2 62.2 69.6 71.2 80.5 85.3 32

33 U.S.-chartered commercial banks 301.6 319.1 355.0 393.4 407.2 441.6 492.5 558.6 638.6 703.5 33

34 Foreign banking offices in U.S. 2.8 3.3 4.0 4.4 6.0 9.5 9.5 12.6 17.5 26.6 34

35 Bank holding companies 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 35

36 Banks in U.S.-affiliated areas 0.6 0.7 0.9 1.0 1.2 1.3 1.6 1.9 2.0 2.5 36

37 Savings institutions 174.4 182.5 195.7 209.5 221.7 236.8 271.7 314.5 348.0 369.7 37

38 Credit unions 8.2 9.4 10.2 11.7 13.8 15.2 17.2 20.1 23.7 26.4 38

39 Property-casualty insurance companies 20.6 22.0 23.5 25.4 27.0 30.9 34.6 38.3 41.8 46.4 39

40 Life insurance companies 137.8 145.9 153.3 160.7 167.6 174.6 182.8 192.5 204.8 217.7 40

41 Private pension funds 29.1 31.9 32.8 33.8 34.6 36.6 35.0 40.5 46.8 55.6 41

42 State and local govt. retirement funds 31.3 34.9 38.3 41.6 45.5 49.6 52.9 57.4 63.1 69.4 42

43 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 44

45 Mutual funds 3.9 5.1 4.3 4.1 5.1 5.7 5.5 6.0 6.6 7.4 45

46 Closed-end funds 2.1 2.0 2.2 2.6 2.6 1.8 2.4 2.7 3.3 3.0 46

47 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 47

48 Government-sponsored enterprises 18.3 23.3 23.3 26.5 35.1 43.9 45.0 49.0 64.4 85.3 48

49 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 49

50 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 50

51 Finance companies 42.7 44.9 45.5 50.6 59.2 61.5 67.6 77.5 89.4 94.8 51

52 REITs 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 52

53 Brokers and dealers 2.4 3.2 2.9 3.5 3.7 6.0 4.6 6.0 7.5 7.8 53

54 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 54

(1) Excludes corporate equities and mutual fund shares.
FFA, 1965-1974, March 8, 2012 53

L.2 Credit Market Debt Owed by Nonfinancial Sectors

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Domestic 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.9 1

 2 By instrument 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.9 2

 3 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 3

 4 Treasury securities 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 4

 5 Agency- and GSE-backed securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 5

 6 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 6

 7 Corporate bonds 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 7

 8 Bank loans n.e.c. 79.5 90.9 99.2 111.2 128.0 132.6 140.1 156.0 194.1 230.5 8

 9 Other loans and advances 38.4 43.6 46.4 51.4 62.1 67.9 72.3 79.2 90.3 106.6 9

10 Mortgages 334.5 358.5 381.9 411.1 439.4 468.7 517.1 588.6 665.0 726.8 10

11 Home 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 11

12 Multifamily residential 38.2 41.3 44.8 48.2 53.0 59.9 69.9 82.5 92.7 99.5 12

13 Commercial 55.7 61.5 66.2 72.9 78.8 86.1 96.5 113.4 132.7 147.2 13

14 Farm 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 14

15 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 15

16 By sector 1008.0 1075.5 1151.5 1243.3 1330.4 1420.2 1555.2 1711.2 1895.5 2069.9 16

17 Household sector 339.5 362.1 385.2 414.0 443.9 458.4 500.7 556.7 626.8 683.2 17

18 Nonfinancial business 303.8 338.2 370.9 412.7 460.8 511.9 563.4 634.4 727.6 820.3 18

19 Corporate 208.2 232.8 255.1 286.0 318.7 363.2 391.9 431.5 497.2 552.8 19

20 Noncorporate 95.6 105.4 115.7 126.7 142.0 148.8 171.5 202.8 230.4 267.5 20

21 State and local governments 103.2 110.0 117.4 126.1 138.3 150.3 166.7 180.7 194.8 208.2 21

22 Federal government 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 22

 Foreign credit market debt

23 held in U.S. 37.4 39.4 43.3 46.0 49.2 52.0 56.5 61.1 67.4 81.2 23

24 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 24

25 Bonds 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 25

26 Bank loans n.e.c. 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 26

27 Other loans and advances 21.2 22.5 25.5 27.6 30.0 32.1 34.2 34.7 37.3 43.9 27

28 Domestic and foreign 1045.4 1114.9 1194.8 1289.4 1379.6 1472.2 1611.8 1772.3 1962.9 2151.2 28

L.3 Credit Market Debt Owed by Financial Sectors

Billions of dollars

 1 By instrument 61.9 72.9 73.6 84.0 111.5 127.8 138.9 162.8 209.8 258.3 1

 2 Open market paper 11.9 15.7 18.4 21.4 32.8 33.1 33.8 34.7 41.7 55.1 2

 3 GSE issues 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 3

 4 Agency- and GSE-backed mortgage pool sec. 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 4

 5 Corporate bonds 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 5

 6 Bank loans n.e.c. 12.2 11.6 11.1 12.8 14.3 16.4 18.6 25.4 32.6 33.3 6

 7 Other loans and advances 6.3 7.0 4.4 5.5 9.3 10.6 7.9 8.0 15.1 22.5 7

 8 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 8

 9 By sector 61.9 72.9 73.6 84.0 111.5 127.8 138.9 162.8 209.8 258.3 9

10 U.S.-chartered commercial banks 4.3 4.6 5.5 5.8 6.4 7.8 9.4 9.7 11.3 19.2 10

11 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 11

12 Bank holding companies 0.0 0.0 0.0 0.0 4.3 3.4 4.2 6.8 10.0 14.4 12

13 Savings institutions 6.5 7.5 4.8 5.7 9.8 11.0 9.0 9.5 17.1 23.3 13

14 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Government-sponsored enterprises 14.2 19.0 18.4 21.9 30.6 38.9 40.0 43.5 59.8 77.1 16

17 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 17

18 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Finance companies 35.3 39.7 42.1 46.4 54.6 58.2 61.0 68.7 78.1 85.1 19

20 REITs 0.0 0.0 0.0 0.8 1.5 2.2 4.1 8.8 13.7 14.0 20

21 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22
54 FFA, 1965-1974, March 8, 2012

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total 1107.3 1187.8 1268.3 1373.4 1491.1 1600.0 1750.6 1935.1 2172.7 2409.4 1

 2 Open market paper 12.7 17.3 21.4 25.6 38.1 40.2 40.1 41.7 50.1 67.8 2

 3 Treasury securities 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 3

 4 Agency- and GSE-backed securities 17.4 24.2 28.5 35.4 42.9 51.7 56.6 65.9 86.2 106.1 4

 5 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 5

 6 Corporate and foreign bonds 123.1 135.7 152.5 167.1 181.1 204.3 228.8 249.4 264.9 293.9 6

 7 Bank loans n.e.c. 98.8 109.6 117.0 130.4 148.3 154.8 166.0 191.8 239.8 281.5 7

 8 Other loans and advances 65.9 73.1 76.4 84.5 101.3 110.6 114.5 121.9 142.8 173.0 8

 9 Mortgages 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 9

10 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 10

 Memo:

 Selected claims not included above:

11 Corporate equities 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 11

12 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 12

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

Billions of dollars

 Total credit market debt

 1 (from table L.4) 1107.3 1187.8 1268.3 1373.4 1491.1 1600.0 1750.6 1935.1 2172.7 2409.4 1

 2 U.S. official reserve assets 1.6 1.6 2.8 4.8 5.1 4.3 3.8 5.2 5.5 7.0 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 3

 4 Treasury currency 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 4

 5 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 5

 6 Net interbank liabilities 30.5 36.5 38.8 44.7 52.3 49.3 47.6 44.6 41.9 40.8 6

 7 Checkable deposits and currency 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 7

 8 Small time and savings deposits 288.5 306.5 341.2 367.8 382.3 412.9 481.3 551.0 590.4 628.1 8

 9 Large time deposits 31.0 33.3 39.2 45.9 30.9 55.1 68.6 87.4 126.4 167.4 9

10 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 10

11 Security RPs -1.5 -1.5 -2.2 -1.5 4.7 1.1 5.0 6.7 23.1 25.4 11

12 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 12

13 Security credit 18.0 18.7 25.8 32.3 25.7 24.9 28.7 37.4 29.5 25.9 13

14 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 14

15 Pension fund reserves 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 15

16 Trade payables 132.4 143.5 152.8 170.0 193.7 203.6 220.2 248.6 306.3 254.8 16

17 Taxes payable 20.1 19.2 14.8 16.0 14.5 12.5 16.6 20.5 25.9 32.8 17

18 Miscellaneous 159.4 166.9 180.7 198.4 222.5 244.5 276.5 322.1 366.6 395.4 18

19 Total liabilities 2283.4 2428.8 2632.3 2872.8 3065.2 3291.0 3655.4 4106.8 4560.0 4874.7 19

 + Financial assets not included in

 liabilities:

20 Gold 14.1 13.2 12.1 10.9 11.9 11.1 10.2 10.5 11.7 11.7 20

21 Corporate equities 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 21

22 Household equity in noncorp. bus. 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 916.8 1026.6 22

 - Liabilities not identified as assets:

23 Treasury currency -2.4 -2.2 -2.0 -1.7 -1.5 -1.6 -1.6 -1.7 -1.7 -1.9 23

24 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Net interbank transactions 1.1 1.9 1.9 2.5 2.4 3.1 2.0 -2.4 -1.8 0.7 25

26 Security RPs -2.9 -5.6 -5.1 -3.5 -4.4 -1.7 -0.9 -0.9 -0.2 6.6 26

27 Taxes payable 12.1 13.3 8.5 8.8 9.8 10.1 9.6 11.3 14.0 18.3 27

28 Miscellaneous 8.7 9.2 7.0 6.4 9.3 1.2 -6.1 -30.0 -15.3 -98.6 28

 - Floats not included in assets:

29 Checkable deposits: State and local govt. 4.1 4.4 4.1 6.1 4.9 6.1 5.0 5.2 5.4 5.5 29

30 Federal govt. 0.2 0.2 0.2 1.3 0.1 -0.3 -0.6 -0.2 0.1 -0.2 30

31 Private domestic 10.2 12.2 12.1 13.6 15.7 15.9 17.9 22.4 21.8 22.2 31

32 Trade credit -10.8 -15.4 -18.0 -21.2 -24.5 -23.3 -19.9 -21.3 -10.5 -42.0 32

33 Totals identified to sectors as assets 3482.8 3588.2 3999.0 4440.2 4512.0 4760.0 5336.6 6120.5 6415.1 6634.9 33
FFA, 1965-1974, March 8, 2012 55

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 1519.4 1509.9 1736.8 1956.3 1869.6 1932.9 2163.0 2499.7 2386.8 2256.7 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 105.2 107.6 118.2 127.7 126.3 133.6 147.1 159.0 171.3 176.2 3

 4 Time and savings deposits 286.3 305.0 339.9 370.2 379.4 422.3 488.8 561.8 624.9 681.4 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 5

 6 Securities 778.0 727.6 873.9 1019.7 905.7 887.9 983.5 1160.6 946.3 727.1 6

 7 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 7

 8 U.S. savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 8

 9 Treasury bills and other Treasury securities 25.1 28.8 27.9 30.2 41.9 31.7 20.7 20.8 29.3 34.2 9

10 Agency- and GSE-backed securities 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 10

11 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 11

12 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 12

13 Corporate equities (2) 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 13

14 Mutual fund shares 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 14

15 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 15

16 Pension fund reserves 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 16

17 Life insurance companies 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 17

18 Private pension funds 80.9 84.0 98.8 112.4 115.0 125.0 148.0 183.3 182.2 181.2 18

19 Governments 53.8 59.1 64.9 71.7 78.4 87.8 99.3 114.0 120.2 126.0 19

20 Miscellaneous and other assets 82.1 86.7 93.7 99.6 101.9 104.8 113.0 124.9 134.6 143.7 20

21 Total liabilities 460.9 492.7 530.0 571.2 614.9 643.9 716.8 814.4 927.3 1031.5 21

22 Home mortgages 219.4 232.7 245.9 262.8 278.6 290.9 316.6 354.6 396.3 431.9 22

23 Other mortgages 79.1 86.3 97.1 104.2 115.9 116.6 134.2 158.5 162.7 189.9 23

24 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 24

25 Policy loans 8.3 9.8 10.8 12.1 14.7 17.0 18.0 19.0 21.2 23.9 25

26 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 26

27 Other liabilities 50.7 54.6 58.7 61.3 68.2 78.9 89.3 100.5 145.2 176.4 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, 1965-1974, March 8, 2012

L.100 Households and Nonprofit Organizations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 1953.5 1976.1 2226.1 2490.1 2434.9 2526.3 2812.1 3219.4 3227.1 3201.3 1

 2 Deposits 373.3 394.4 439.7 479.4 487.1 535.8 614.1 697.2 766.4 828.5 2

 3 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Checkable deposits and currency 87.0 89.4 99.9 109.2 107.7 114.9 128.3 139.9 147.7 152.5 4

 5 Time and savings deposits 286.3 305.0 339.9 370.2 379.4 420.9 485.8 557.2 618.7 673.7 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 6

 7 Credit market instruments 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 7

 8 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 8

 9 Treasury securities 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 9

10 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 10

11 Bills and other Treasury securities 25.1 28.8 27.8 29.9 41.4 31.0 19.8 19.7 28.1 32.9 11

12 Agency- and GSE-backed securities 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 12

13 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 13

14 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 14

15 Other loans and advances (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mortgages 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 16

17 Corporate equities (3) 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 17

18 Mutual fund shares 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 18

19 Security credit 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 19

20 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 20

21 Pension fund reserves 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 21

22 Equity in noncorporate business 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 916.8 1026.6 22

23 Miscellaneous assets 18.5 19.9 21.7 23.6 25.8 28.5 31.1 34.0 37.1 40.0 23

24 Total liabilities 352.3 375.6 402.6 434.9 462.6 476.9 522.9 584.0 651.0 707.7 24

25 Credit market instruments 339.5 362.1 385.2 414.0 443.9 458.4 500.7 556.7 626.8 683.2 25

26 Home mortgages (4) 219.4 232.7 245.9 262.8 278.6 285.9 309.4 343.5 382.2 419.3 26

27 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 27

28 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 28

29 Bank loans n.e.c. (5) 4.4 5.1 5.5 6.2 6.8 6.1 7.3 7.6 11.2 16.8 29

30 Other loans and advances 10.0 11.9 13.3 15.3 18.3 20.9 22.3 23.6 26.2 29.4 30

31 Commercial mortgages 8.3 9.0 12.0 10.3 11.0 11.9 12.5 13.2 13.9 14.5 31

32 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 32

33 Trade payables 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 33

 Deferred and unpaid

34 life insurance premiums 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 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, 1965-1974, March 8, 2012 57

L.101 Nonfinancial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 299.4 314.8 333.9 366.8 403.0 426.3 477.7 556.2 647.3 696.5 1

 2 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 2

 3 Checkable deposits and currency 51.5 50.9 53.4 56.3 62.0 63.1 61.7 64.4 70.4 71.9 3

 4 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 6.7 12.5 16.5 22.8 28.2 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 6

 7 Credit market instruments 37.1 36.1 34.6 37.3 36.5 39.2 48.5 52.3 50.8 55.5 7

 8 Commercial paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 8

 9 Treasury securities 12.5 11.1 8.7 9.3 6.1 7.0 10.0 8.0 3.7 3.9 9

10 Agency- and GSE-backed securities 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 10

11 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 11

12 Mortgages 0.1 0.1 0.1 0.1 0.5 0.9 2.1 3.2 3.6 4.1 12

13 Consumer credit 17.3 17.4 17.6 17.6 17.7 18.5 21.0 21.6 22.6 23.4 13

14 Mutual fund shares 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 14

15 Trade receivables 128.8 141.8 150.6 167.8 191.1 198.0 211.9 239.0 280.4 258.8 15

16 Miscellaneous assets 71.2 75.3 83.2 92.7 104.5 117.6 140.1 178.4 207.5 270.8 16

17 Total liabilities 445.4 488.2 526.5 584.5 655.1 709.2 782.1 883.3 1040.9 1093.0 17

18 Credit market instruments 303.8 338.2 370.9 412.7 460.8 511.9 563.4 634.4 727.6 820.3 18

19 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 19

20 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 20

21 Corporate bonds 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 21

22 Bank loans n.e.c. 75.1 85.8 93.7 105.0 121.2 126.5 132.8 148.4 182.9 213.6 22

23 Other loans and advances 25.7 28.2 29.6 32.1 39.0 42.2 44.9 50.1 59.3 71.6 23

24 Mortgages 105.0 115.1 122.4 136.3 148.2 169.4 193.8 230.5 267.7 291.9 24

25 Trade payables 107.6 115.6 121.5 135.8 156.0 163.2 177.0 201.3 252.8 192.7 25

26 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 14.1 18.0 23.3 30.1 26

27 Miscellaneous liabilities 15.7 16.9 20.9 21.7 25.8 24.1 27.5 29.6 37.2 49.9 27

(1) Combined statement for nonfinancial corporate business and nonfinancial noncorporate business.
58 FFA, 1965-1974, March 8, 2012

L.102 Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 262.7 277.1 294.9 328.0 362.2 383.6 425.2 493.7 571.7 616.2 1

 2 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 2

 3 Checkable deposits and currency 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 3

 4 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 6

 7 Credit market instruments 33.1 32.1 30.7 33.2 32.0 33.9 42.0 44.6 42.9 47.8 7

 8 Commercial paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 8

 9 Treasury securities 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 9

10 Agency- and GSE-backed securities 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 10

11 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 11

12 Mortgages 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 12

13 Consumer credit 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 13

14 Mutual fund shares 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 14

15 Trade receivables 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 15

16 Miscellaneous assets 64.7 68.3 75.5 84.2 94.9 106.9 124.0 156.1 180.8 243.0 16

17 U.S. direct investment abroad (1) 53.3 56.7 63.0 70.8 79.8 90.6 99.6 120.5 120.3 128.2 17

18 Insurance receivables 6.9 7.4 8.1 8.9 10.1 11.0 12.1 14.0 16.0 18.1 18

19 Equity in GSEs 0.1 0.1 0.2 0.2 0.3 0.0 0.0 0.0 0.1 0.1 19

20 Investment in finance company subs. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Other 4.4 4.0 4.2 4.3 4.8 5.2 12.3 21.7 44.5 96.6 21

22 Total liabilities 336.9 371.1 399.1 448.2 502.8 542.3 588.2 652.8 764.6 769.2 22

23 Credit market instruments 208.2 232.8 255.1 286.0 318.7 363.2 391.9 431.5 497.2 552.8 23

24 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 24

25 Municipal securities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 25

26 Corporate bonds (1) 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 26

27 Bank loans n.e.c. 61.1 69.5 76.1 85.9 99.3 104.2 108.3 121.2 138.0 160.4 27

28 Other loans and advances (3) 14.9 16.5 16.7 18.4 23.8 25.3 26.7 30.8 36.7 45.5 28

29 Mortgages 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 29

30 Trade payables 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 30

31 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 31

32 Miscellaneous liabilities 15.6 16.7 20.7 21.5 25.5 15.3 15.7 15.1 19.3 26.3 32

33 Foreign direct investment in U.S. 6.4 6.9 7.6 8.2 9.6 11.1 11.2 11.9 14.6 19.3 33

34 Pension fund contributions payable 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 34

35 Other 7.9 8.5 11.6 11.5 14.2 2.3 2.4 0.4 2.1 4.3 35

 Memo:

36 Trade receivables net of payables 26.0 29.2 31.6 33.7 37.0 37.5 36.3 39.5 40.5 79.9 36

37 Market value of equities 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 37

38 Securities and mortgages 131.4 145.2 159.4 177.4 190.3 226.5 250.6 272.6 314.2 334.4 38

39 Loans and short-term paper 76.8 87.7 95.8 108.5 128.5 136.6 141.3 159.0 183.0 218.4 39

40 Total short-term liabilities (4) 190.0 209.2 219.0 249.3 287.1 300.5 321.9 365.2 431.1 408.5 40

41 Total liquid assets (5) 63.8 62.0 64.0 69.7 70.1 70.5 79.9 89.1 102.1 106.6 41

 Analytical measures (percent)

42 Long-term debt/credit market debt 63.1 62.3 62.5 62.0 59.7 62.4 63.9 63.2 63.2 60.5 42

43 Short-term debt/credit market debt 36.9 37.7 37.5 38.0 40.3 37.6 36.1 36.8 36.8 39.5 43

44 Liquid assets/short-term liabilities 33.6 29.6 29.2 28.0 24.4 23.5 24.8 24.4 23.7 26.1 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, 1965-1974, March 8, 2012 59

L.103 Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 36.7 37.7 39.0 38.8 40.8 42.7 52.5 62.5 75.6 80.3 1

 2 Checkable deposits and currency 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 2

 3 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 4.0 4.0 4.0 4.2 4.5 5.2 6.5 7.7 7.9 7.7 5

 6 Treasury securities 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 6

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

 8 Mortgages 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 8

 9 Consumer credit 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 9

10 Trade receivables 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 10

11 Miscellaneous assets 6.5 7.0 7.7 8.5 9.6 10.7 16.1 22.3 26.7 27.8 11

12 Insurance receivables 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 12

13 Equity investment in GSEs (1) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 13

14 Other 0.0 -0.0 -0.0 -0.0 -0.0 0.0 4.0 8.6 11.4 10.8 14

15 Total liabilities 108.6 117.1 127.4 136.3 152.3 167.0 193.8 230.5 276.3 323.8 15

16 Credit market instruments 95.6 105.4 115.7 126.7 142.0 148.8 171.5 202.8 230.4 267.5 16

17 Bank loans n.e.c. 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 17

18 Other loans and advances 10.7 11.7 12.9 13.7 15.3 16.9 18.1 19.3 22.6 26.2 18

19 Mortgages 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 19

20 Trade payables 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 20

21 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 21

22 Miscellaneous liabilities 0.2 0.2 0.2 0.2 0.3 8.9 11.8 14.5 17.9 23.6 22

(1) Equity in the Farm Credit System.
60 FFA, 1965-1974, March 8, 2012

L.105 State and Local Governments (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 56.6 60.6 64.0 69.8 75.8 80.1 89.2 106.3 128.5 138.0 1

 2 Checkable deposits and currency 9.8 10.3 11.1 10.4 12.3 11.3 12.1 12.7 12.7 12.9 2

 3 Time and savings deposits 12.2 13.5 15.7 18.9 13.1 23.0 30.2 37.0 43.6 48.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 5

 6 Credit market instruments 27.5 27.5 27.6 31.4 36.4 35.1 33.4 40.1 49.8 56.4 6

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

 8 Treasury securities 19.5 20.1 19.7 19.9 23.0 22.9 22.6 24.9 26.1 26.5 8

 9 Agency- and GSE-backed securities 3.1 2.4 2.8 6.2 7.5 5.2 3.0 6.3 13.0 16.0 9

10 Municipal securities 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Mortgages 2.7 2.9 3.0 3.2 3.7 4.6 5.6 7.0 8.7 11.2 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Trade receivables 6.6 7.2 7.8 8.8 10.0 10.6 11.6 13.0 15.8 13.8 15

16 Taxes receivable 1.2 1.3 1.5 1.6 1.5 1.5 2.8 4.5 6.1 7.7 16

17 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Total liabilities 116.4 124.8 133.8 144.4 158.5 172.8 191.6 208.0 224.9 241.6 18

19 Credit market instruments 103.2 110.0 117.4 126.1 138.3 150.3 166.7 180.7 194.8 208.2 19

20 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 20

21 Short-term 5.5 6.2 8.0 8.1 10.9 13.3 15.7 15.8 16.1 18.8 21

22 Other 94.9 100.5 105.8 114.0 122.6 132.2 145.8 159.4 173.8 183.8 22

23 U.S. government loans 2.8 3.4 3.6 4.0 4.7 4.8 5.2 5.5 4.9 5.6 23

24 Trade payables 13.2 14.8 16.4 18.3 20.3 22.5 24.8 27.3 30.1 33.4 24

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

L.106 Federal Government

Billions of dollars

 1 Total financial assets 61.3 64.9 72.7 78.6 83.3 85.3 91.1 93.3 97.8 104.3 1

 2 U.S. official reserve assets 1.4 0.9 1.3 3.3 4.7 3.6 2.2 2.6 2.9 4.3 2

 3 Checkable deposits and currency 6.8 6.4 7.5 5.1 6.9 9.8 13.2 13.3 12.6 8.3 3

 4 Time and savings deposits 0.3 0.2 0.3 0.4 0.2 0.5 0.5 0.6 0.4 0.5 4

 5 Credit market instruments 37.6 42.7 47.3 52.2 55.4 58.2 60.3 62.1 64.8 72.1 5

 6 Agency- and GSE-backed securities 0.0 1.4 1.3 1.4 0.1 0.0 0.0 0.0 0.0 0.0 6

 7 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Other loans and advances 31.7 34.5 38.2 41.6 45.0 47.6 50.1 52.7 56.0 59.5 8

 9 Mortgages 5.9 6.9 7.8 9.3 10.2 10.5 10.2 9.5 8.9 12.6 9

10 Consumer credit (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Trade receivables 3.1 4.4 5.8 6.4 7.3 6.6 4.9 4.0 4.3 5.3 12

13 Taxes receivable 6.8 4.5 4.8 5.7 3.3 0.9 4.1 4.7 5.8 6.8 13

14 Miscellaneous assets 5.4 5.8 5.7 5.4 5.5 5.8 5.8 6.0 6.9 7.0 14

15 Total liabilities 297.0 303.8 319.7 334.1 332.5 346.9 374.9 394.5 405.3 422.8 15

16 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 16

17 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 17

18 Treasury currency 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 18

19 Credit market instruments 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 19

20 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 20

21 Treasury bills 60.2 70.6 69.9 75.0 80.6 87.9 97.5 103.9 107.8 119.7 21

22 Other Treasury securities 147.1 138.5 147.1 150.7 144.5 149.9 164.0 168.6 168.6 165.7 22

23 Budget agency securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 23

24 Multifamily residential mortgages 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 24

25 Trade payables 5.0 5.8 6.5 6.5 6.4 5.4 4.2 4.4 5.2 6.2 25

26 Insurance reserves 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 26

27 Miscellaneous liabilities (3) 20.3 21.8 23.3 24.8 26.1 27.8 30.7 33.7 35.8 40.0 27

28 Nonmarketable securities held by pension plans 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 28

29 Other 0.6 0.8 1.0 1.2 0.9 0.3 0.3 0.3 0.3 1.7 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, 1965-1974, March 8, 2012 61

L.107 Rest of the World

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 61.5 63.1 82.5 94.5 101.3 108.5 136.2 163.8 142.0 187.2 1

 2 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 2

 3 Net interbank assets 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 1.6 0.4 3

 4 U.S. checkable deposits and currency 8.5 9.2 9.8 10.6 11.5 12.4 12.7 15.1 18.9 22.7 4

 5 U.S. time deposits 6.1 6.4 7.7 7.4 8.8 7.1 7.5 10.6 13.4 21.1 5

 6 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 7

 8 Credit market instruments 17.4 17.3 20.0 22.6 23.2 35.0 62.8 73.2 74.7 79.8 8

 9 Open market paper 2.0 2.2 2.2 2.8 3.8 4.3 4.1 4.1 4.4 4.8 9

10 Treasury securities 13.1 11.2 13.2 12.6 10.2 19.7 46.3 54.5 54.3 58.3 10

11 Official 11.4 9.8 12.0 11.2 9.0 18.4 45.0 53.2 53.2 56.5 11

12 Private 1.7 1.3 1.2 1.3 1.3 1.4 1.3 1.3 1.1 1.8 12

13 Agency- and GSE-backed securities 1.3 1.7 2.0 2.4 2.7 3.0 3.1 3.2 3.2 2.8 13

14 Official 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.3 0.9 1.8 14

15 Private 1.3 1.7 2.0 2.3 2.7 3.0 3.0 2.9 2.4 1.0 15

16 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 U.S. corporate bonds (1) 1.0 2.2 2.5 4.9 6.4 7.9 9.4 11.4 12.7 13.7 17

18 Loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 18

19 U.S. corporate equities 14.6 12.6 25.5 29.5 26.8 27.2 30.8 39.1 33.5 23.9 19

20 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Trade receivables 2.1 2.7 3.3 4.8 5.8 7.4 7.1 8.0 9.7 11.8 21

22 Security credit 0.2 0.2 0.3 0.6 0.4 0.3 0.3 0.4 0.3 0.3 22

23 Miscellaneous assets 8.9 8.0 8.6 9.5 8.0 7.7 7.4 8.2 -13.4 23.8 23

24 Foreign direct investment in U.S. (2) 8.5 8.9 9.7 10.5 11.7 13.2 13.6 14.7 17.8 22.6 24

25 Other 0.3 -0.9 -1.1 -1.0 -3.7 -5.5 -6.2 -6.5 -31.3 1.2 25

26 Total liabilities 98.9 105.6 114.6 126.2 133.7 144.4 154.9 170.9 190.7 216.6 26

27 U.S. official reserve assets (3) 1.6 1.6 2.8 4.8 5.1 3.4 2.1 2.7 2.7 4.2 27

28 U.S. private deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 28

29 Credit market instruments 37.4 39.4 43.3 46.0 49.2 52.0 56.5 61.1 67.4 81.2 29

30 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 30

31 Bonds 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 31

32 Bank loans n.e.c. 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 32

33 Official 1.1 1.0 1.0 0.8 0.8 0.6 0.8 1.0 1.4 1.7 33

34 Banks 2.1 2.2 1.8 1.9 2.1 2.0 2.4 3.5 5.1 8.2 34

35 Other 3.9 3.8 3.9 3.6 3.2 3.2 4.1 5.9 6.5 7.8 35

36 U.S. government loans 18.7 20.0 22.5 24.7 26.8 28.2 30.0 31.4 33.1 32.7 36

37 Acceptance liabilities to banks 2.5 2.5 3.0 2.9 3.2 4.0 4.3 3.2 4.2 11.2 37

38 Trade payables 2.6 2.9 3.4 3.8 4.6 5.6 6.1 6.6 8.5 11.5 38

39 Security debt 0.1 0.1 0.3 0.5 0.3 0.3 0.3 0.4 0.2 0.2 39

40 Miscellaneous liabilities 56.4 60.7 63.8 69.4 73.4 82.3 88.7 98.0 108.6 114.5 40

41 U.S. equity in IBRD, etc. 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 41

42 Nonofficial foreign currencies 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 42

43 U.S. direct investment abroad (1,2) 55.4 59.0 65.6 73.7 83.1 94.3 103.9 125.5 126.2 135.3 43

44 Other -4.2 -3.9 -7.2 -9.7 -15.2 -17.8 -21.1 -33.5 -24.5 -27.8 44

 Memo:

45 Market value of foreign equities 5.0 4.3 5.2 6.5 7.0 6.6 7.6 10.5 10.0 9.0 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, 1965-1974, March 8, 2012

L.108 Financial Business (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 1050.5 1108.7 1219.7 1340.5 1413.7 1533.5 1730.2 1981.5 2172.3 2307.7 1

 2 U.S. official reserve assets 14.3 14.0 13.5 12.4 12.3 10.9 10.1 10.5 11.5 11.6 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 3

 4 Treasury currency 5.4 6.2 6.6 6.8 6.8 7.1 7.6 8.3 8.7 9.3 4

 5 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Net interbank assets 25.6 27.9 29.6 32.7 33.0 35.8 39.7 40.3 42.1 39.8 6

 7 Checkable deposits and currency 11.0 10.6 10.8 11.3 11.0 11.6 12.4 14.2 15.2 15.9 7

 8 Time and savings deposits 5.7 6.1 7.2 7.8 8.1 9.8 13.4 16.5 17.8 23.4 8

 9 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Federal funds and security RPs 1.5 2.3 2.0 2.1 3.2 4.0 5.6 5.9 11.0 14.0 10

11 Credit market instruments 817.7 874.2 943.6 1026.3 1098.3 1190.2 1312.4 1477.4 1677.8 1846.2 11

12 Open market paper 3.3 3.9 5.1 5.6 8.1 9.9 10.9 14.0 16.7 24.0 12

13 Treasury securities 137.1 137.9 147.5 154.1 144.3 157.2 162.9 165.4 164.2 163.9 13

14 Agency- and GSE-backed securities 10.5 12.0 15.2 18.0 19.6 26.4 35.0 46.4 59.7 70.7 14

15 Municipal securities 57.1 59.7 70.2 79.7 81.2 93.8 110.4 122.1 131.5 138.6 15

16 Corporate and foreign bonds 113.1 122.4 134.9 144.2 152.7 166.6 182.1 199.5 210.7 225.8 16

17 Bank loans n.e.c. 98.8 109.6 117.0 130.4 148.3 154.8 166.0 191.8 239.8 281.5 17

18 Other loans and advances 34.3 38.7 38.1 42.9 56.3 63.0 64.4 69.2 86.8 113.3 18

19 Mortgages 283.2 304.0 324.5 349.7 376.3 403.2 452.6 521.8 598.1 649.9 19

20 Consumer credit 80.2 86.0 91.0 101.7 111.5 115.2 128.2 147.1 170.4 178.6 20

21 Corporate equities 104.2 99.5 127.5 151.2 146.5 153.8 200.3 242.8 211.0 163.5 21

22 Mutual fund shares 0.5 0.6 0.7 0.9 1.3 1.7 1.8 1.8 2.2 2.5 22

23 Trade receivables 2.6 2.9 3.2 3.5 3.9 4.4 4.7 5.8 6.5 7.0 23

24 Security credit 15.3 15.8 20.5 24.7 20.0 20.2 23.5 32.1 24.3 21.7 24

25 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Miscellaneous assets 46.6 48.6 54.6 60.9 69.4 83.6 98.2 125.5 143.8 152.5 26

27 Total liabilities 973.3 1030.8 1135.1 1248.7 1322.7 1440.8 1629.0 1866.0 2047.3 2193.0 27

28 Net interbank liabilities 30.5 36.5 38.8 44.7 52.3 49.3 47.6 44.6 41.9 40.8 28

29 Checkable deposits and currency 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 29

30 Time and savings deposits 319.4 339.8 380.4 413.7 413.2 468.1 549.9 638.4 716.8 795.5 30

31 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 31

32 Federal funds and security RPs -1.5 -1.5 -2.2 -1.5 4.7 1.1 5.0 6.7 23.1 25.4 32

33 Credit market instruments 61.9 72.9 73.6 84.0 111.5 127.8 138.9 162.8 209.8 258.3 33

34 Open market paper 11.9 15.7 18.4 21.4 32.8 33.1 33.8 34.7 41.7 55.1 34

35 Agency- and GSE-backed securities 14.7 20.2 20.3 24.1 33.8 43.6 49.5 57.9 77.9 97.9 35

36 Corporate and foreign bonds 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 36

37 Bank loans n.e.c. 12.2 11.6 11.1 12.8 14.3 16.4 18.6 25.4 32.6 33.3 37

38 Other loans and advances 6.3 7.0 4.4 5.5 9.3 10.6 7.9 8.0 15.1 22.5 38

39 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 39

40 Mutual fund shares 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 40

41 Trade payables 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.9 41

42 Security credit 12.0 12.8 16.6 20.3 17.2 17.7 19.0 24.0 20.4 18.3 42

43 Life insurance reserves 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 43

44 Pension fund reserves 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 44

45 Taxes payable 1.8 1.7 1.5 1.7 1.9 2.5 2.4 2.5 2.6 2.7 45

46 Miscellaneous liabilities 63.6 63.9 68.7 78.2 92.6 105.1 124.2 154.8 178.6 184.0 46

 Memo:

47 Market value of corporate equities 106.1 108.2 117.6 146.5 128.6 122.5 143.5 160.1 118.9 65.9 47

48 Equity in noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.7 48

(1) Sum of financial sectors shown on tables L.109 through L.130.
FFA, 1965-1974, March 8, 2012 63

L.109 Monetary Authority (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 63.5 68.0 72.8 76.7 80.7 86.1 94.6 97.6 106.9 113.4 1

 2 U.S. official reserve assets 14.3 14.0 13.5 12.4 12.3 10.9 10.1 10.5 11.5 11.6 2

 3 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 3

 4 Treasury currency 5.4 6.2 6.6 6.8 6.8 7.1 7.6 8.3 8.7 9.3 4

 5 Federal Reserve float 2.2 2.5 2.5 3.5 3.4 4.3 4.3 4.0 3.1 2.0 5

 6 Federal Reserve loans to domestic banks 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 6

 7 Discount window (2) 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 7

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

 9 Security RPs 0.4 0.8 0.3 0.0 0.0 0.0 1.5 0.1 0.1 1.4 9

10 Credit market instruments 40.6 43.7 49.1 53.0 57.2 62.2 69.6 71.2 80.5 85.3 10

11 Open market paper 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.6 11

12 Treasury securities 40.5 43.7 49.0 52.9 57.2 62.1 69.0 69.8 78.5 80.1 12

13 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.5 1.3 1.9 4.7 13

14 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Households (TALF) (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

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

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

18 Funding corporations (Maiden Lane) (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Funding corporations (AIG) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Funding corporations (Maiden Lane II) (7) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Funding corporations (Maiden Lane III)(8) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Funding corporations (CPFF) (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Corporate equities (10) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 24

25 Nonofficial foreign currencies (11) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Other 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 26

27 Total liabilities 63.0 67.4 72.2 76.1 80.1 85.4 93.9 96.8 106.0 112.5 27

28 Depository institution reserves 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 28

29 Vault cash of commercial banks 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 29

30 Checkable deposits and currency 38.8 41.2 44.1 45.6 48.9 52.0 56.5 60.4 65.0 71.9 30

31 Due to federal government 1.4 1.6 2.5 1.4 2.0 1.6 2.5 2.2 2.9 3.3 31

32 Treasury cash holdings 0.8 1.2 1.3 0.7 0.7 0.4 0.5 0.3 0.3 0.2 32

33 Treasury general deposit account 0.7 0.4 1.1 0.7 1.3 1.2 2.0 1.9 2.5 3.1 33

34 Treasury temporary supplementary financing account 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Due to rest of the world 0.2 0.4 0.4 0.5 0.4 0.3 0.5 0.4 0.3 0.5 35

36 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

37 Currency outside banks 37.2 39.2 41.2 43.8 46.6 50.0 53.5 57.9 61.8 68.1 37

38 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Miscellaneous liabilities 0.8 1.0 1.0 1.4 1.8 2.2 2.1 2.1 3.3 3.2 39

40 Federal Reserve Bank stock 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 40

41 Other 0.3 0.4 0.4 0.8 1.1 1.5 1.3 1.3 2.5 2.3 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, 1965-1974, March 8, 2012

L.110 U.S.-Chartered Commercial Banks

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 336.0 356.4 396.3 439.7 452.5 489.7 545.3 616.3 696.3 757.5 1

 2 Vault cash and reserves at Federal Reserve 23.3 25.2 27.0 29.1 29.4 31.2 35.3 34.3 37.7 37.5 2

 3 Total bank credit 307.4 325.2 362.0 401.7 413.5 448.0 499.1 570.5 646.0 702.3 3

 4 Open market paper 1.8 1.7 2.7 2.6 3.0 4.1 4.5 4.3 3.5 4.3 4

 5 Treasury securities 59.5 56.2 62.5 64.5 54.7 61.7 64.9 66.9 58.2 54.3 5

 6 Agency- and GSE-backed securities 5.8 6.1 9.1 10.4 10.1 13.9 17.9 21.7 29.1 32.6 6

 7 Residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Other 5.8 6.1 9.1 10.4 10.1 13.9 17.9 21.7 29.1 32.6 11

12 Municipal securities 38.7 41.0 50.0 58.6 59.2 69.6 82.4 89.5 95.1 100.4 12

13 Corporate and foreign bonds 1.1 1.1 1.9 2.1 1.6 2.4 3.6 4.8 5.2 6.2 13

14 Priv. residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Priv. commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Priv. residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Priv. commercial CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Other 1.1 1.1 1.9 2.1 1.6 2.4 3.6 4.8 5.2 6.2 18

19 Bank loans n.e.c. 97.5 108.0 115.3 128.3 141.0 146.1 156.9 180.4 222.7 257.5 19

20 Mortgages 49.3 53.9 58.4 65.0 69.8 72.5 81.6 98.4 118.0 130.5 20

21 Consumer credit 45.2 48.2 51.7 58.5 63.4 65.6 74.3 87.0 99.6 103.0 21

22 Security credit 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 22

23 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Customers’ liab. on acceptances (1) 2.7 2.9 3.5 3.5 4.4 5.6 6.3 5.5 7.1 14.8 26

27 Miscellaneous assets 2.6 3.1 3.8 5.4 5.2 4.8 4.6 6.0 5.4 2.9 27

28 Total liabilities 312.5 331.7 369.9 411.5 427.0 468.4 526.8 600.7 680.6 744.6 28

29 Net interbank liabilities 5.0 8.7 9.5 13.2 19.9 16.0 9.0 5.0 -0.9 -6.2 29

30 Federal Reserve float 2.2 2.5 2.5 3.5 3.4 4.3 4.3 4.0 3.1 2.0 30

31 Borrowing from Federal Reserve banks 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 31

32 To domestic banks 1.6 2.3 2.9 3.8 4.1 5.4 3.6 -1.4 -4.8 -5.8 32

33 To foreign banks 1.1 3.8 3.9 5.7 12.2 6.1 1.0 0.5 -0.4 -2.7 33

34 Checkable deposits 147.0 148.6 160.6 172.7 177.4 182.5 195.5 218.4 230.9 229.5 34

35 Federal government 5.5 5.0 5.2 5.0 5.1 7.9 10.2 10.9 9.9 4.8 35

36 Rest of the world 4.1 4.3 4.6 4.8 5.2 5.7 5.2 6.3 8.6 10.6 36

37 Private domestic 137.4 139.4 150.8 162.9 167.1 168.8 180.1 201.2 212.4 214.1 37

38 Small time and savings deposits 116.7 127.7 145.8 159.7 165.8 179.9 208.5 233.0 245.6 263.7 38

39 Large time deposits 30.5 32.8 38.6 45.2 29.5 52.6 65.0 82.1 119.2 157.4 39

40 Federal funds and security RPs (net) 1.7 1.7 1.7 2.6 8.7 4.7 8.7 10.8 27.1 28.5 40

41 Open market paper 2.7 2.9 3.5 3.6 4.4 5.7 6.4 5.6 7.2 14.9 41

42 Corporate bonds 1.6 1.7 2.0 2.2 2.0 2.1 3.0 4.1 4.1 4.3 42

43 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Taxes payable (net) 0.7 0.7 0.6 0.5 0.6 1.0 0.9 0.7 0.8 0.9 44

45 Miscellaneous liabilities 6.5 6.9 7.7 11.8 18.8 23.9 29.9 41.0 46.7 51.5 45

46 Investment by bank holding companies 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 25.0 32.0 46

47 Other 6.5 6.9 7.7 11.8 14.8 13.9 14.9 20.0 21.7 19.5 47

 Memo:

48 Credit market funds advanced (2) 301.6 319.1 355.0 393.4 407.2 441.6 492.5 558.6 638.6 703.5 48

49 Consumer leases not included above (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 49

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

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

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

 The leased automobile is a nonfinancial asset.
FFA, 1965-1974, March 8, 2012 65

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 4.3 4.9 5.1 6.0 6.9 9.0 9.7 14.4 18.8 27.3 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Total bank credit 3.0 3.5 4.0 4.4 5.8 9.0 8.9 12.5 16.4 23.6 3

 4 Open market paper 0.2 0.2 0.3 0.3 0.5 0.9 0.9 1.2 1.4 2.1 4

 5 Treasury securities 0.5 0.5 0.6 0.6 0.6 0.5 0.3 0.5 0.4 0.5 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.5 0.6 6

 7 Municipal securities 0.1 0.1 0.2 0.2 0.2 0.4 0.2 0.1 0.2 0.2 7

 8 Corporate and foreign bonds 0.1 0.2 0.3 0.3 0.3 0.6 0.3 0.3 0.3 0.3 8

 9 Bank loans n.e.c. 1.2 1.6 1.7 2.1 3.3 5.8 6.3 8.8 12.8 19.1 9

10 Mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 10

11 Security credit 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 11

12 Corporate equities 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 12

13 Customers’ liab. on acceptances (2) 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 13

14 Miscellaneous assets 0.6 0.8 0.2 0.7 -0.0 -1.4 -0.8 0.5 0.6 -0.0 14

15 Total liabilities 4.4 5.1 5.3 6.2 7.1 9.3 9.9 14.7 19.1 27.6 15

16 Net interbank liabilities 2.2 2.6 2.3 2.4 3.0 2.1 3.2 5.3 7.6 12.2 16

17 To foreign banks 2.7 2.9 3.3 3.7 4.7 4.4 4.8 6.3 4.5 6.5 17

18 To domestic banks -0.5 -0.4 -1.0 -1.3 -1.7 -2.3 -1.6 -1.0 3.0 5.6 18

19 Checkable deposits 1.7 1.8 2.0 3.1 3.1 7.3 7.4 4.2 4.5 5.7 19

20 Small time and savings deposits 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.4 0.5 20

21 Large time deposits 0.4 0.5 0.6 0.7 0.9 1.3 1.5 2.2 3.0 4.0 21

22 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Acceptance liabilities 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 23

24 Miscellaneous liabilities -0.7 -0.6 -0.6 -1.0 -1.1 -2.9 -4.0 1.3 1.9 1.5 24

25 Foreign direct investment in U.S. 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.8 25

26 Due to affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Other -1.0 -0.9 -0.9 -1.4 -1.5 -3.3 -4.4 0.8 1.3 0.7 27

 Memo:

28 Credit market funds advanced (3) 2.8 3.3 4.0 4.4 6.0 9.5 9.5 12.6 17.5 26.6 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, 1965-1974, March 8, 2012

L.112 Bank Holding Companies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.0 8.7 14.7 18.9 27.6 40.5 45.8 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Bank loans n.e.c. 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 6

 7 Life insurance reserves 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Miscellaneous assets 0.0 0.0 0.0 0.0 4.7 11.8 16.1 25.0 36.2 40.9 8

 9 Investment in bank subsidiaries 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 25.0 32.0 9

10 Investment in nonbank subsidiaries 0.0 0.0 0.0 0.0 0.0 0.0 0.6 3.0 4.3 5.0 10

11 Other 0.0 0.0 0.0 0.0 0.7 1.8 0.5 1.1 6.9 3.9 11

12 Total liabilities 0.0 0.0 0.0 0.0 4.7 5.0 7.7 9.3 12.0 13.1 12

13 Net interbank liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -2.7 13

14 To domestic banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 14

15 To foreign banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -3.5 15

16 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Credit market instruments 0.0 0.0 0.0 0.0 4.3 3.4 4.2 6.8 10.0 14.4 17

18 Commercial paper 0.0 0.0 0.0 0.0 4.3 2.3 2.0 2.6 4.9 8.3 18

19 Corporate bonds 0.0 0.0 0.0 0.0 0.0 1.1 2.2 4.2 5.1 6.1 19

20 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.4 1.5 3.5 2.5 4.6 1.4 20

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

Billions of dollars

 1 Total financial assets 1.3 1.6 1.9 2.2 3.3 3.8 4.3 4.8 5.2 5.3 1

 2 Checkable deposits and currency 0.1 0.2 0.2 0.2 0.3 0.4 0.5 0.7 1.0 0.8 2

 3 Credit market instruments 0.6 0.7 0.9 1.0 1.2 1.3 1.6 1.9 2.0 2.5 3

 4 Treasury securities 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 0.6 0.3 4

 5 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Municipal securities 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 6

 7 Corporate and foreign bonds 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 7

 8 Bank loans n.e.c. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Home mortgages 0.3 0.3 0.4 0.4 0.4 0.6 0.7 0.7 0.7 0.8 9

10 Commercial mortgages 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 10

11 Miscellaneous assets 0.6 0.7 0.8 1.0 1.8 2.1 2.1 2.1 2.2 2.0 11

12 Total liabilities 1.3 1.6 1.8 2.1 3.1 3.6 4.1 4.5 5.0 5.0 12

13 Checkable deposits 1.3 1.6 1.9 2.2 2.3 2.6 3.0 3.3 3.7 3.7 13

14 Small time and savings deposits 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 14

15 Large time deposits 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 15

16 Miscellaneous liabilities -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 -0.3 -0.3 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, 1965-1974, March 8, 2012 67

L.114 Savings Institutions (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 187.1 193.7 208.9 222.5 234.3 252.6 293.0 340.7 374.2 399.4 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 3.9 3.3 3.0 2.6 2.3 2.5 2.3 2.8 2.9 3.2 3

 4 Time and savings deposits 0.0 0.1 0.2 0.2 0.2 0.6 2.3 3.4 2.9 3.6 4

 5 Federal funds and security RPs 0.0 0.0 0.0 0.1 0.3 0.4 1.2 1.7 3.7 6.0 5

 6 Credit market instruments 174.4 182.5 195.7 209.5 221.7 236.8 271.7 314.5 348.0 369.7 6

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

 8 Treasury securities 11.6 11.5 12.7 12.7 10.8 9.5 9.2 8.7 7.0 5.9 8

 9 Agency- and GSE-backed securities 2.9 3.0 3.2 3.5 4.7 6.9 10.6 14.1 16.3 17.6 9

10 Residential mortgage pass-through securities 0.7 0.9 1.1 1.5 1.6 2.3 3.2 4.3 7.7 9.3 10

11 Commercial mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

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

14 Other 2.2 2.1 2.1 2.0 3.0 4.6 7.4 9.8 8.6 8.3 14

15 Municipal securities 0.3 0.3 0.2 0.3 0.3 0.3 0.5 1.0 1.1 1.4 15

16 Corporate and foreign bonds 2.9 3.2 5.2 6.7 7.2 9.9 14.8 17.4 14.4 14.2 16

17 Priv. residential mortgage pass-through securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

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

19 Priv. residential CMOs and other structured MBS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

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

21 Other 2.9 3.2 5.2 6.7 7.2 9.9 14.8 17.4 14.4 14.2 21

22 Other loans and advances 0.1 0.2 0.2 0.2 0.3 0.5 0.7 0.6 0.5 0.5 22

23 Mortgages 152.7 160.5 170.0 181.8 194.0 205.2 231.2 267.5 300.3 321.0 23

24 Consumer credit 3.9 4.0 4.1 4.3 4.4 4.4 4.7 5.1 8.5 9.1 24

25 Corporate equities 2.3 2.0 2.5 2.4 2.5 2.8 3.5 4.5 4.2 3.7 25

26 Miscellaneous assets 6.6 5.8 7.6 7.7 7.2 9.6 12.0 13.8 12.4 13.2 26

27 Total liabilities 175.5 182.3 196.7 210.0 221.4 239.7 278.2 324.7 357.4 383.0 27

28 Deposits 162.8 169.0 184.6 196.1 202.6 218.0 255.6 298.4 323.3 341.7 28

29 Checkable 0.3 0.3 0.3 0.4 0.4 0.4 0.5 0.5 0.7 0.8 29

30 Small time and savings 162.5 168.7 184.3 195.8 202.3 216.9 253.7 295.5 319.1 335.6 30

31 Large time 0.0 0.0 0.0 0.0 0.0 0.7 1.5 2.4 3.5 5.2 31

32 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 2.0 32

33 Credit market instruments 6.5 7.5 4.8 5.7 9.8 11.0 9.0 9.5 17.1 23.3 33

34 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Bank loans n.e.c. 0.5 0.5 0.4 0.5 0.5 0.4 1.1 1.5 1.9 1.5 35

36 Other loans and advances 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 36

37 Taxes payable 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 37

38 Miscellaneous liabilities 6.2 5.8 7.2 8.0 8.9 10.5 13.4 16.3 16.5 15.8 38

39 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Other 6.2 5.8 7.2 8.0 8.9 10.5 13.4 16.3 16.5 15.8 40

(1) State-chartered savings banks, federal savings banks, cooperative banks, and savings and loan associations.
68 FFA, 1965-1974, March 8, 2012

L.115 Credit Unions

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 10.8 11.8 12.9 14.2 15.8 17.7 20.7 24.1 27.2 30.5 1

 2 Reserves at Federal Reserve 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 0.5 0.6 0.7 0.7 0.6 0.8 0.9 0.9 0.9 1.0 3

 4 Time and savings deposits 2.3 2.1 2.3 2.1 1.7 2.1 3.0 3.6 3.2 3.8 4

 5 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 8.2 9.4 10.2 11.7 13.8 15.2 17.2 20.1 23.7 26.4 6

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

 8 Treasury securities 0.3 0.3 0.3 0.4 0.5 0.6 0.6 0.5 0.8 0.8 8

 9 Agency- and GSE-backed securities 0.0 0.1 0.2 0.4 0.5 0.8 1.0 1.6 1.8 2.1 9

10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Home mortgages 1.4 1.4 1.4 1.3 1.1 0.8 0.8 1.0 1.4 1.5 12

13 Consumer credit 6.5 7.5 8.3 9.7 11.7 13.0 14.8 17.0 19.6 21.9 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Miscellaneous assets -0.2 -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.5 -0.6 -0.6 15

16 Total liabilities 10.0 10.8 11.9 13.0 14.4 16.2 19.0 22.2 25.2 28.5 16

17 Shares/deposits 9.2 10.1 11.1 12.3 13.7 15.5 18.4 21.6 24.5 27.5 17

18 Checkable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 18

19 Small time and savings 9.2 10.0 11.1 12.3 13.7 15.5 18.3 21.6 24.5 27.5 19

20 Large time 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Miscellaneous liabilities 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.7 1.0 22

L.116 Property-Casualty Insurance Companies

Billions of dollars

 1 Total financial assets 36.8 37.5 41.3 45.3 46.2 50.7 58.5 68.9 71.3 70.1 1

 2 Checkable deposits and currency 1.3 1.3 1.3 1.4 1.3 1.4 1.5 1.5 1.5 1.6 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 20.6 22.0 23.5 25.4 27.0 30.9 34.6 38.3 41.8 46.4 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Treasury securities 5.5 5.0 4.3 3.9 3.4 3.4 3.2 2.9 2.8 2.9 7

 8 Agency- and GSE-backed securities 0.6 1.3 1.2 1.4 1.6 1.6 1.9 2.3 2.3 2.7 8

 9 Municipal securities 11.3 12.0 13.5 14.4 15.5 17.0 20.5 24.8 28.5 30.7 9

10 Corporate and foreign bonds 3.0 3.6 4.3 5.5 6.3 8.6 8.9 8.1 8.0 10.0 10

11 Commercial mortgages 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 11

12 Corporate equities 12.0 11.0 13.0 14.6 13.3 13.2 16.6 21.8 19.7 12.8 12

13 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Trade receivables 2.6 2.9 3.2 3.5 3.9 4.4 4.7 5.8 6.5 7.0 14

15 Miscellaneous assets 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.4 1.8 2.3 15

16 Total liabilities 21.9 23.6 25.8 28.2 31.6 35.1 38.7 43.8 48.7 53.3 16

17 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Taxes payable (net) 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 18

19 Miscellaneous liabilities 21.8 23.6 25.7 28.2 31.5 34.9 38.6 43.5 48.4 53.0 19
FFA, 1965-1974, March 8, 2012 69

L.117 Life Insurance Companies

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 154.2 162.3 172.6 183.1 191.3 200.9 215.2 232.4 244.8 255.0 1

 2 Checkable deposits and currency 1.5 1.5 1.6 1.7 1.6 1.8 1.8 2.0 2.1 2.0 2

 3 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Credit market instruments 137.8 145.9 153.3 160.7 167.6 174.6 182.8 192.5 204.8 217.7 5

 6 Open market paper 0.3 0.4 0.5 0.5 1.4 2.1 2.8 3.0 3.0 4.1 6

 7 Treasury securities 5.1 4.9 4.7 4.5 4.1 4.0 3.8 3.8 3.4 3.4 7

 8 Agency- and GSE-backed securities 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.9 1.1 8

 9 Municipal securities 3.5 3.3 3.1 3.2 3.2 3.3 3.4 3.4 3.4 3.7 9

10 Corporate and foreign bonds 61.0 63.4 67.2 70.9 72.7 74.1 79.6 86.6 92.5 96.4 10

11 Other loans and advances 7.7 9.1 10.1 11.3 13.8 16.1 17.1 18.0 20.2 22.9 11

12 Mortgages 60.0 64.6 67.5 70.0 72.0 74.4 75.5 76.9 81.4 86.2 12

13 Corporate equities 9.0 8.7 10.7 13.0 13.2 14.6 20.0 26.5 25.4 21.3 13

14 Mutual fund shares 0.1 0.1 0.2 0.2 0.6 0.8 0.6 0.3 0.5 0.6 14

15 Miscellaneous assets 5.7 6.0 6.9 7.5 8.3 9.2 10.1 11.1 12.0 13.4 15

16 Total liabilities 141.9 149.9 159.0 168.1 177.5 187.7 201.0 216.3 230.1 243.9 16

17 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Life insurance reserves 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 19

20 Pension fund reserves (1) 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 20

21 Taxes payable (net) 0.5 0.6 0.5 0.6 0.7 0.8 0.8 0.8 0.8 0.8 21

22 Miscellaneous liabilities 15.2 16.4 18.2 19.7 21.1 22.6 24.5 27.1 29.6 32.2 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 80.2 83.3 98.0 111.4 114.0 123.9 146.6 181.5 179.8 178.0 1

 2 Checkable deposits and currency 0.9 0.8 0.9 1.0 1.0 1.1 1.3 1.8 2.5 3.4 2

 3 Time and savings deposits 2.9 3.4 4.0 4.7 5.4 6.3 7.3 8.5 10.0 12.0 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 0.6 0.7 0.9 1.0 1.1 1.2 1.3 2.1 2.5 3.0 5

 6 Credit market instruments 29.1 31.9 32.8 33.8 34.6 36.6 35.0 40.5 46.8 55.6 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 3.1 5.4 7

 8 Treasury securities 2.5 2.3 2.0 2.4 2.2 2.1 2.1 3.4 5.4 8.6 8

 9 Agency- and GSE-backed securities 0.5 0.4 0.3 0.4 0.6 0.9 0.6 2.1 3.2 4.3 9

10 Corporate and foreign bonds 22.7 25.2 26.4 27.0 27.6 29.4 28.6 30.6 32.7 35.0 10

11 Mortgages 3.4 3.9 4.1 4.1 4.2 4.2 3.7 2.7 2.4 2.4 11

12 Corporate equities 40.8 39.5 51.1 61.5 61.4 67.1 88.7 107.8 93.6 74.8 12

13 Mutual fund shares 0.4 0.4 0.5 0.6 0.7 0.8 1.2 1.5 1.7 1.9 13

14 Miscellaneous assets 5.5 6.6 7.8 8.8 9.7 10.7 11.9 19.2 22.8 27.4 14

15 Unallocated insurance contracts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Contributions receivable 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 16

17 Other 4.3 5.4 6.4 7.2 8.0 8.9 9.7 16.4 20.1 24.7 17

18 Pension fund reserves (liabilities) (3) 80.9 84.0 98.8 112.4 115.0 125.0 148.0 183.3 182.2 181.2 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, 1965-1974, March 8, 2012

L.119 State and Local Government Employee Retirement Funds

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 34.1 38.1 42.6 48.0 53.2 60.3 69.0 80.6 84.7 87.6 1

 2 Checkable deposits and currency 0.3 0.4 0.3 0.4 0.3 0.4 0.5 0.8 0.5 0.3 2

 3 Time and savings deposits 0.0 0.0 0.2 0.2 0.2 0.2 0.1 0.2 0.8 1.5 3

 4 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Credit market instruments 31.3 34.9 38.3 41.6 45.5 49.6 52.9 57.4 63.1 69.4 6

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

 8 Treasury securities 7.2 7.1 6.2 5.9 5.4 5.1 3.9 3.6 2.5 1.6 8

 9 Agency- and GSE-backed securities 0.5 0.7 0.8 1.4 1.6 1.5 1.5 2.1 3.3 4.6 9

10 Municipal securities 2.6 2.5 2.4 2.4 2.3 2.0 2.2 2.0 1.7 1.0 10

11 Corporate and foreign bonds 17.2 20.2 23.9 26.6 30.6 35.1 39.0 43.2 48.4 54.5 11

12 Mortgages 3.7 4.5 5.0 5.4 5.6 5.9 6.3 6.5 7.1 7.7 12

13 Corporate equities 2.5 2.8 3.9 5.8 7.3 10.1 15.4 22.2 20.2 16.4 13

14 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Pension fund reserves (liabilities) (1) 34.1 38.1 42.6 48.0 53.2 60.3 69.0 80.6 84.7 87.7 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 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 1

 2 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Miscellaneous assets (2) 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 7

 8 Pension fund reserves (liabilities) (3) 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 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, 1965-1974, March 8, 2012 71

L.121 Money Market Mutual Funds (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 4

 5 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5

 6 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 6

 7 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 7

 8 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 8

 9 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 12

13 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 13

(1) Open-end investment companies; excludes funding vehicles for variable annuities, which are included in the life insurance sector (table L.117).

L.122 Mutual Funds (1)

Billions of dollars

 1 Total financial assets 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 1

 2 Security RPs 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 2

 3 Credit market instruments 3.9 5.1 4.3 4.1 5.1 5.7 5.5 6.0 6.6 7.4 3

 4 Open market paper 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 4

 5 Treasury securities 0.8 1.4 0.9 1.1 0.7 0.9 0.6 0.7 0.7 1.1 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

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

 8 Corporate and foreign bonds 2.6 2.9 2.6 2.0 2.9 3.5 3.7 4.2 4.3 4.9 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate equities 30.9 28.9 39.2 46.1 40.9 39.7 48.6 51.7 38.3 26.3 10

11 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Total shares outstanding (liabilities) 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 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 7.6 7.3 7.5 8.9 8.6 6.1 7.8 8.5 9.9 9.0 1

 2 Credit market instruments 2.1 2.0 2.2 2.6 2.6 1.8 2.4 2.7 3.3 3.0 2

 3 Treasury securities 0.5 0.5 0.5 0.6 0.6 0.5 0.6 0.7 0.8 0.7 3

 4 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 1.5 1.5 1.7 2.0 2.0 1.4 1.8 2.0 2.5 2.3 5

 6 Corporate equities 5.6 5.3 5.4 6.3 6.0 4.3 5.4 5.7 6.6 5.9 6

 7 Total shares outstanding (liabilities) 7.6 7.3 7.5 8.9 8.6 6.1 7.8 8.5 9.9 9.0 7

 Exchange-traded funds

 8 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Total shares outstanding (liabilities) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14
72 FFA, 1965-1974, March 8, 2012

L.124 Government-Sponsored Enterprises (GSEs) (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 18.9 23.9 23.9 27.1 36.3 46.6 47.3 51.3 70.0 88.2 1

 2 Checkable deposits and currency 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 2

 3 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Federal funds and security RPs (net) 0.0 0.0 0.0 0.0 0.2 1.0 0.4 0.8 3.0 2.1 4

 5 Credit market instruments 18.3 23.3 23.3 26.5 35.1 43.9 45.0 49.0 64.4 85.3 5

 6 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.2 1.1 6

 7 Treasury securities 1.8 2.7 2.7 2.6 2.0 3.1 2.5 1.2 1.1 1.4 7

 8 Agency- and GSE-backed securities 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 8

 9 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Other loans and advances 9.6 11.1 9.3 10.5 15.3 17.6 15.6 16.4 24.9 34.2 11

12 Sallie Mae 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Farm Credit System 3.6 4.2 4.9 5.2 6.0 7.0 7.7 8.4 9.8 12.4 13

14 FHLB 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 14

15 Mortgages 6.8 9.4 11.1 13.3 17.7 23.0 26.7 30.7 37.8 48.1 15

16 Home 2.5 4.4 5.5 7.2 10.9 15.5 17.6 19.5 22.8 28.4 16

17 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Other 2.5 4.4 5.5 7.2 10.9 15.5 17.6 19.5 22.8 28.4 18

19 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.3 1.1 2.1 4.0 6.2 19

20 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Other 0.0 0.0 0.0 0.0 0.0 0.3 1.1 2.1 4.0 6.2 21

22 Farm 4.3 5.0 5.6 6.1 6.7 7.2 7.9 9.1 10.9 13.5 22

23 Consumer credit (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Miscellaneous assets 0.4 0.4 0.4 0.4 0.8 1.5 1.7 1.4 2.3 0.5 24

25 Total liabilities 18.1 23.1 23.0 26.2 35.4 45.4 46.0 49.9 68.4 86.0 25

26 Credit market instruments 14.2 19.0 18.4 21.9 30.6 38.9 40.0 43.5 59.8 77.1 26

27 GSE issues (4) 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 27

28 Consolidated trusts (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Other 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 29

30 U.S. government loans 0.3 0.1 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.7 30

31 Miscellaneous liabilities 3.9 4.1 4.6 4.4 4.7 6.5 6.0 6.4 8.5 8.9 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 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 1

 2 Home mortgages 0.1 0.3 0.7 1.0 1.4 2.5 6.7 10.7 13.6 18.0 2

 3 Multifamily residential mortgages 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.4 0.6 0.8 3

 4 Commercial mortgages 0.1 0.2 0.3 0.4 0.4 0.5 0.6 0.9 1.1 0.0 4

 5 Farm mortgages 0.7 0.9 1.0 1.1 1.4 1.7 2.1 2.4 2.7 2.6 5

 6 Total pool securities (liabilities)(2) 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 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, 1965-1974, March 8, 2012 73

L.126 Issuers of Asset-Backed Securities (ABS)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1

 2 Treasury securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Agency- and GSE-backed securities (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Mortgages (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Home 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Multifamily residential 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Commercial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

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

10 Trade credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Total liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Commercial paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Corporate bonds (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

 Memo:

 Securitized assets not included above

14 Consumer leases (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 REIT assets (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 Securitized liabilities not included above

16 Commercial paper (6) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 48.9 50.7 51.8 57.6 67.1 70.8 78.9 90.5 104.1 107.5 1

 2 Checkable deposits and currency 1.5 1.6 1.7 1.7 1.8 2.0 2.2 2.4 2.6 2.8 2

 3 Time and savings deposits 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 3

 4 Credit market instruments 42.7 44.9 45.5 50.6 59.2 61.5 67.6 77.5 89.4 94.8 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Other loans and advances 13.5 14.6 14.3 16.5 21.5 21.8 23.2 27.4 32.3 37.2 6

 7 Mortgages 4.5 3.9 4.3 4.9 5.7 7.5 10.0 12.2 14.5 13.1 7

 8 Consumer credit 24.7 26.4 26.9 29.2 32.0 32.1 34.4 38.0 42.6 44.6 8

 9 Miscellaneous assets 4.2 3.7 4.1 4.7 5.5 6.6 8.4 9.7 11.2 9.0 9

10 Total liabilities 43.3 44.4 44.7 49.9 58.6 61.6 69.3 80.4 93.8 96.8 10

11 Credit market instruments 35.3 39.7 42.1 46.4 54.6 58.2 61.0 68.7 78.1 85.1 11

12 Open market paper 8.5 12.0 14.1 16.9 23.0 23.6 23.1 21.9 23.8 27.4 12

13 Corporate bonds 15.1 16.6 17.3 17.7 18.8 19.6 22.0 26.0 29.9 35.5 13

14 Bank loans n.e.c. 11.7 11.1 10.7 11.8 12.8 15.0 15.9 20.9 24.4 22.2 14

15 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Taxes payable 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 16

17 Miscellaneous liabilities 7.7 4.5 2.4 3.3 3.8 3.2 8.0 11.4 15.5 11.4 17

18 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 18

19 Investment by parent 0.0 0.0 0.0 0.0 0.0 0.0 0.6 3.0 3.6 3.3 19

20 Other 7.6 4.4 2.4 3.2 3.8 3.1 7.4 8.4 11.8 8.1 20

 Memo:

21 Consumer leases not included above (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

(1) Includes retail captive finance companies and mortgage companies.

(2) See footnote (4), table L.126.
74 FFA, 1965-1974, March 8, 2012

L.128 Real Estate Investment Trusts (REITs)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 0.0 0.0 0.0 0.8 2.0 3.9 6.4 11.7 16.6 16.4 1

 2 Checkable deposits and currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Credit market instruments 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 3

 4 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Mortgages 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 6

 7 Home 0.0 0.0 0.0 0.0 0.2 0.6 0.8 1.2 1.9 1.7 7

 8 Multifamily residential 0.0 0.0 0.0 0.1 0.5 1.3 2.2 4.2 6.6 6.8 8

 9 Commercial 0.0 0.0 0.0 0.7 1.3 2.0 3.2 5.0 7.5 7.7 9

10 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.3 0.7 0.3 10

11 Total liabilities 0.0 0.0 0.0 0.8 1.5 2.2 4.1 9.1 14.1 15.8 11

12 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Credit market instruments 0.0 0.0 0.0 0.8 1.5 2.2 4.1 8.8 13.7 14.0 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.8 3.2 4.0 0.7 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.1 0.6 1.0 1.4 1.9 2.1 15

16 Bank loans n.e.c. 0.0 0.0 0.0 0.6 1.0 1.0 1.6 3.0 6.3 9.6 16

17 Mortgages 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 17

18 Miscellaneous liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.9 18

 Memo:

19 Securitized assets included above 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Home mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

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

23 Commercial mortgages 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23
FFA, 1965-1974, March 8, 2012 75

L.129 Security Brokers and Dealers

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 10.3 11.3 14.7 18.5 15.4 16.2 17.6 22.9 20.3 18.2 1

 2 Checkable deposits and currency 0.7 0.8 1.0 1.5 1.4 1.1 1.1 1.1 0.9 0.8 2

 3 Credit market instruments 2.4 3.2 2.9 3.5 3.7 6.0 4.6 6.0 7.5 7.8 3

 4 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.0 3.0 4

 5 Treasury securities 1.1 1.7 1.0 1.8 1.7 3.4 1.8 2.0 2.0 2.3 5

 6 Agency- and GSE-backed securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Municipal securities 0.5 0.5 0.5 0.5 0.4 0.9 1.0 0.9 1.1 0.7 7

 8 Corporate and foreign bonds 0.9 1.0 1.4 1.2 1.6 1.7 1.8 2.0 2.4 1.8 8

 9 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Corporate equities 1.2 1.3 1.7 1.5 1.9 2.0 2.1 2.4 2.8 2.2 10

11 Security credit 6.0 6.0 9.2 12.0 8.5 7.2 9.8 13.5 9.1 7.6 11

12 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Total liabilities 10.1 11.0 14.2 17.7 14.6 15.5 16.7 21.7 18.1 15.3 13

14 Security RPs (net) -3.2 -3.2 -3.8 -4.1 -4.0 -3.5 -3.7 -4.5 -4.3 -5.1 14

15 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Bank loans n.e.c. (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Trade payables 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.9 18

19 Security credit 12.0 12.8 16.6 20.3 17.2 17.7 19.0 24.0 20.4 18.3 19

20 Customer credit balances (HH) 2.7 2.9 5.3 7.7 5.7 4.7 5.2 5.4 5.2 4.2 20

21 From U.S.-chartered commercial banks 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 21

22 From foreign banking offices in U.S. 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 22

23 Taxes payable 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.2 0.0 23

24 Miscellaneous liabilities 0.9 0.9 0.8 0.8 0.7 0.6 0.6 1.3 1.0 1.2 24

25 Foreign direct investment in U.S. 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.3 0.3 0.5 25

26 Due to affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 1.8 26

27 Other 0.7 0.6 0.6 0.5 0.5 0.4 0.4 1.0 0.0 -1.0 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 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 1

 2 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Security RPs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Credit market instruments 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 4

 5 Open market paper 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 5

 6 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Other loans and advances 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Corporate equities (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Miscellaneous assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Investment in foreign banking offices 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Investment in brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Total liabilities 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 12

13 Credit market instruments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Corporate bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Bank loans n.e.c. (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Other loans and advances (4) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Miscellaneous liabilities 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 18

19 Foreign direct investment in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Securities loaned (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Equity interest under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Other (net) 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 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, 1965-1974, March 8, 2012

L.200 U.S. Official Reserve Assets and SDR Allocations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 1.6 1.6 2.8 4.8 5.1 4.3 3.8 5.2 5.5 7.0 1

 2 Federal government: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 2

 3 Rest of the world 1.6 1.6 2.8 4.8 5.1 3.4 2.1 2.7 2.7 4.2 3

 4 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 1.2 2.0 2.2 2.4 4

 5 Reserve position in IMF (net) 0.9 0.3 0.4 1.3 2.3 1.9 0.6 0.5 0.6 1.9 5

 6 Foreign currency holdings 0.8 1.3 2.3 3.5 2.8 0.6 0.3 0.2 0.0 0.0 6

 7 Total assets 15.7 14.9 14.8 15.7 17.0 15.4 14.0 15.6 17.1 18.7 7

 8 Federal government 1.4 0.9 1.3 3.3 4.7 3.6 2.2 2.6 2.9 4.3 8

 9 Monetary gold (2) 0.3 0.1 0.1 0.5 1.5 0.3 0.1 0.1 0.1 0.0 9

10 SDR holdings 0.0 0.0 0.0 0.0 0.0 0.9 1.2 2.0 2.2 2.4 10

11 Reserve position in IMF (net) 0.9 0.4 0.5 1.3 2.4 2.0 0.7 0.5 0.6 1.9 11

12 Foreign currency holdings 0.2 0.4 0.7 1.5 0.8 0.4 0.3 0.0 0.0 0.0 12

13 Rest of the world: SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 13

14 Monetary authority 14.3 14.0 13.5 12.4 12.3 10.9 10.1 10.5 11.5 11.6 14

15 Monetary gold (2) 13.7 13.2 12.0 10.4 10.4 10.7 10.1 10.4 11.6 11.7 15

16 Reserve position in IMF (net) -0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 16

17 Foreign currency holdings 0.6 0.9 1.6 2.1 2.0 0.3 0.0 0.2 0.0 0.0 17

18 Discrepancy: monetary gold -14.1 -13.2 -12.1 -10.9 -11.9 -11.1 -10.2 -10.5 -11.7 -11.7 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 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 1

 2 Asset: Monetary authority 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 2

 Treasury currency:

 3 Liab: Federal government 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 3

 4 Asset: Monetary authority 5.4 6.2 6.6 6.8 6.8 7.1 7.6 8.3 8.7 9.3 4

 5 Discrepancy (seigniorage) -2.4 -2.2 -2.0 -1.7 -1.5 -1.6 -1.6 -1.7 -1.7 -1.9 5

L.202 U.S. Deposits in Foreign Countries

Billions of dollars

 1 Total rest of the world liability 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 1

 Held by:

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Nonfinancial corporate business 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 3

 4 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Discrepancy--unallocated assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5
FFA, 1965-1974, March 8, 2012 77

L.203 Net Interbank Transactions

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 30.5 36.5 38.8 44.7 52.3 49.3 47.6 44.6 41.9 40.8 1

 2 Monetary authority 23.3 25.2 27.0 29.1 29.4 31.2 35.3 34.3 37.7 37.5 2

 3 U.S.-chartered commercial banks 5.0 8.7 9.5 13.2 19.9 16.0 9.0 5.0 -0.9 -6.2 3

 4 Foreign banking offices in U.S. 2.2 2.6 2.3 2.4 3.0 2.1 3.2 5.3 7.6 12.2 4

 5 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -2.7 5

 6 Net change in assets 29.5 34.6 36.9 42.1 49.9 46.2 45.6 47.0 43.7 40.1 6

 7 Rest of the world 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 1.6 0.4 7

 8 Monetary authority 2.3 2.7 2.6 3.7 3.6 4.6 4.4 6.0 4.4 2.3 8

 9 U.S.-chartered commercial banks 23.3 25.2 27.0 29.1 29.4 31.2 35.3 34.3 37.7 37.5 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Discrepancy 1.1 1.9 1.9 2.5 2.4 3.1 2.0 -2.4 -1.8 0.7 13

 Memo:

 Vault cash:

14 Liab.: Monetary authority 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 14

15 Asset: U.S.-chartered commercial banks 4.9 5.5 5.9 7.2 7.3 7.0 7.5 8.6 10.7 11.6 15

 Depository institution reserves:

16 Liab.: Monetary authority 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 16

17 Asset: U.S.-chartered commercial banks 18.4 19.8 21.1 21.9 22.1 24.2 27.8 25.6 27.1 25.8 17

18 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Other transactions with the monetary authority

21 Liab: U.S.-chartered commercial banks 2.3 2.7 2.6 3.7 3.6 4.6 4.4 6.0 4.4 2.3 21

22 Federal Reserve float 2.2 2.5 2.5 3.5 3.4 4.3 4.3 4.0 3.1 2.0 22

23 Loans to member banks 0.1 0.2 0.1 0.2 0.2 0.3 0.0 2.0 1.3 0.3 23

24 Asset: Monetary authority 2.3 2.7 2.6 3.7 3.6 4.6 4.4 6.0 4.4 2.3 24

 Transactions with banks in foreign countries (net):

25 Liab.: U.S.-chartered commercial banks (net) 1.4 4.0 4.2 6.0 12.5 6.5 1.6 1.1 0.2 -1.3 25

26 Due to foreign affiliates 1.4 4.0 4.2 6.0 13.2 7.2 2.3 2.1 1.9 4.5 26

27 - Due from foreign affiliates 0.0 0.0 0.0 0.0 0.7 0.7 0.7 1.0 1.6 5.8 27

28 Foreign banking offices in U.S. (net) 2.8 3.0 3.4 3.7 4.7 4.5 5.0 6.7 5.2 7.5 28

29 Due to foreign affiliates 3.4 3.7 4.3 4.8 6.0 6.3 7.0 9.8 9.5 14.0 29

30 - Due from foreign affiliates 0.7 0.8 0.9 1.1 1.3 1.8 2.0 3.0 4.3 6.5 30

31 Bank holding companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -3.5 31

32 Due to foreign affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 - Due from foreign affiliates 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 3.5 33

34 Less: Deposits at foreign banks 0.3 0.3 0.4 0.4 0.4 0.6 0.8 1.1 1.4 2.3 34

35 U.S.-chartered commercial banks 0.3 0.3 0.3 0.3 0.4 0.5 0.6 0.6 0.7 1.3 35

36 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.4 0.7 0.9 36

37 Asset: Rest of the world (1) 3.8 6.7 7.3 9.4 16.8 10.5 5.8 6.8 1.6 0.4 37

 Transactions between U.S. banks (net) (2):

38 U.S.-chartered commercial banks (net) 1.6 2.3 2.9 3.8 4.1 5.4 3.6 -1.4 -4.8 -5.8 38

39 Due to (3): 1.7 2.5 3.1 4.1 4.7 6.4 6.6 5.0 9.8 16.9 39

40 Foreign banking offices in U.S. 0.6 0.6 1.2 1.6 2.3 3.4 4.6 7.4 11.7 16.2 40

41 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 - Due from: 0.1 0.2 0.2 0.3 0.6 1.1 3.0 6.4 14.7 22.6 42

43 Foreign banking offices in U.S. 0.1 0.2 0.2 0.3 0.6 1.1 3.0 6.4 14.7 21.8 43

44 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 44

45 Unallocated (2) 1.1 1.9 1.9 2.5 2.4 3.1 2.0 -2.4 -1.8 0.7 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, 1965-1974, March 8, 2012

L.204 Checkable Deposits and Currency

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 1

 2 Monetary authority 38.8 41.2 44.1 45.6 48.9 52.0 56.5 60.4 65.0 71.9 2

 3 Federal government cash and deposits 1.4 1.6 2.5 1.4 2.0 1.6 2.5 2.2 2.9 3.3 3

 4 Due to government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Deposits due to foreign 0.2 0.4 0.4 0.5 0.4 0.3 0.5 0.4 0.3 0.5 5

 6 Currency outside banks 37.2 39.2 41.2 43.8 46.6 50.0 53.5 57.9 61.8 68.1 6

 7 U.S.-chartered commercial banks 147.0 148.6 160.6 172.7 177.4 182.5 195.5 218.4 230.9 229.5 7

 8 Federal government deposits 5.5 5.0 5.2 5.0 5.1 7.9 10.2 10.9 9.9 4.8 8

 9 Deposits due to foreign 4.1 4.3 4.6 4.8 5.2 5.7 5.2 6.3 8.6 10.6 9

10 Private domestic deposits 137.4 139.4 150.8 162.9 167.1 168.8 180.1 201.2 212.4 214.1 10

11 Foreign banking offices in U.S. 1.7 1.8 2.0 3.1 3.1 7.3 7.4 4.2 4.5 5.7 11

12 Deposits due to foreign 0.3 0.3 0.3 0.5 0.6 0.6 0.8 1.6 2.3 2.8 12

13 Private domestic deposits 1.3 1.5 1.6 2.6 2.5 6.7 6.6 2.7 2.2 2.8 13

14 Banks in U.S.-affiliated areas 1.3 1.6 1.9 2.2 2.3 2.6 3.0 3.3 3.7 3.7 14

15 Savings institutions 0.3 0.3 0.3 0.4 0.4 0.4 0.5 0.5 0.7 0.8 15

16 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 16

17 Total assets 189.1 193.6 208.9 224.0 232.1 244.8 262.9 287.0 304.7 311.7 17

18 Household sector 87.0 89.4 99.9 109.2 107.7 114.9 128.3 139.9 147.7 152.5 18

19 Nonfinancial business 51.5 50.9 53.4 56.3 62.0 63.1 61.7 64.4 70.4 71.9 19

20 Corporate 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 20

21 Noncorporate 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 21

22 State and local governments 9.8 10.3 11.1 10.4 12.3 11.3 12.1 12.7 12.7 12.9 22

23 Federal government 6.8 6.4 7.5 5.1 6.9 9.8 13.2 13.3 12.6 8.3 23

24 Rest of the world 8.5 9.2 9.8 10.6 11.5 12.4 12.7 15.1 18.9 22.7 24

25 Checkable deposits 4.6 5.0 5.3 5.9 6.2 6.7 6.5 8.3 11.2 14.0 25

26 Currency 3.9 4.3 4.5 4.8 5.3 5.7 6.2 6.8 7.7 8.7 26

27 Financial sectors 11.0 10.6 10.8 11.3 11.0 11.6 12.4 14.2 15.2 15.9 27

28 Banks in U.S.-affiliated areas 0.1 0.2 0.2 0.2 0.3 0.4 0.5 0.7 1.0 0.8 28

29 Savings institutions 3.9 3.3 3.0 2.6 2.3 2.5 2.3 2.8 2.9 3.2 29

30 Credit unions 0.5 0.6 0.7 0.7 0.6 0.8 0.9 0.9 0.9 1.0 30

31 Property-casualty insurance companies 1.3 1.3 1.3 1.4 1.3 1.4 1.5 1.5 1.5 1.6 31

32 Life insurance companies 1.5 1.5 1.6 1.7 1.6 1.8 1.8 2.0 2.1 2.0 32

33 Private pension funds 0.9 0.8 0.9 1.0 1.0 1.1 1.3 1.8 2.5 3.4 33

34 State and local govt. retirement funds 0.3 0.4 0.3 0.4 0.3 0.4 0.5 0.8 0.5 0.3 34

35 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Government-sponsored enterprises 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 36

37 Finance companies 1.5 1.6 1.7 1.7 1.8 2.0 2.2 2.4 2.6 2.8 37

38 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Brokers and dealers 0.7 0.8 1.0 1.5 1.4 1.1 1.1 1.1 0.9 0.8 39

40 Mail float 14.5 16.8 16.4 21.0 20.7 21.7 22.3 27.4 27.3 27.5 40
FFA, 1965-1974, March 8, 2012 79

L.205 Time and Savings Deposits 

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 319.4 339.8 380.4 413.7 413.2 468.1 549.9 638.4 716.8 795.5 1

 2 Small time and savings deposits 288.5 306.5 341.2 367.8 382.3 412.9 481.3 551.0 590.4 628.1 2

 3 U.S.-chartered commercial banks 116.7 127.7 145.8 159.7 165.8 179.9 208.5 233.0 245.6 263.7 3

 4 Foreign banking offices in U.S. 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.4 0.5 4

 5 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 5

 6 Savings institutions 162.5 168.7 184.3 195.8 202.3 216.9 253.7 295.5 319.1 335.6 6

 7 Credit unions 9.2 10.0 11.1 12.3 13.7 15.5 18.3 21.6 24.5 27.5 7

 8 Large time deposits (1) 31.0 33.3 39.2 45.9 30.9 55.1 68.6 87.4 126.4 167.4 8

 9 U.S.-chartered commercial banks 30.5 32.8 38.6 45.2 29.5 52.6 65.0 82.1 119.2 157.4 9

10 Foreign banking offices in U.S. 0.4 0.5 0.6 0.7 0.9 1.3 1.5 2.2 3.0 4.0 10

11 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.5 0.6 0.6 0.7 0.8 0.8 11

12 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.7 1.5 2.4 3.5 5.2 12

13 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Total assets 319.4 339.8 380.4 413.7 413.2 468.1 549.9 638.4 716.8 795.5 14

15 Household sector 286.3 305.0 339.9 370.2 379.4 420.9 485.8 557.2 618.7 673.7 15

16 Nonfinancial business 9.0 8.6 9.7 9.1 3.7 6.7 12.5 16.5 22.8 28.2 16

17 Corporate 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 17

18 Noncorporate 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 18

19 State and local governments 12.2 13.5 15.7 18.9 13.1 23.0 30.2 37.0 43.6 48.5 19

20 Federal government 0.3 0.2 0.3 0.4 0.2 0.5 0.5 0.6 0.4 0.5 20

21 Rest of the world 6.1 6.4 7.7 7.4 8.8 7.1 7.5 10.6 13.4 21.1 21

22 Financial sectors 5.7 6.1 7.2 7.8 8.1 9.8 13.4 16.5 17.8 23.4 22

23 Savings institutions 0.0 0.1 0.2 0.2 0.2 0.6 2.3 3.4 2.9 3.6 23

24 Credit unions 2.3 2.1 2.3 2.1 1.7 2.1 3.0 3.6 3.2 3.8 24

25 Private pension funds 2.9 3.4 4.0 4.7 5.4 6.3 7.3 8.5 10.0 12.0 25

26 State and local govt. retirement funds 0.0 0.0 0.2 0.2 0.2 0.2 0.1 0.2 0.8 1.5 26

27 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 27

28 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Finance companies 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 1

 2 Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 2

 3 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11
80 FFA, 1965-1974, March 8, 2012

L.207 Federal Funds and Security Repurchase Agreements

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities -1.5 -1.5 -2.2 -1.5 4.7 1.1 5.0 6.7 23.1 25.4 1

 2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 U.S.-chartered commercial banks (net) 1.7 1.7 1.7 2.6 8.7 4.7 8.7 10.8 27.1 28.5 3

 4 Foreign banking offices in U.S. (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Bank holding companies (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.3 2.0 6

 7 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Brokers and dealers (net) -3.2 -3.2 -3.8 -4.1 -4.0 -3.5 -3.7 -4.5 -4.3 -5.1 10

11 Total assets 1.4 4.0 2.9 2.0 9.1 2.8 5.9 7.6 23.3 18.7 11

12 Nonfinancial corporate business 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 12

13 State and local governments -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 13

14 Rest of the world (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.5 14

15 Monetary authority 0.4 0.8 0.3 0.0 0.0 0.0 1.5 0.1 0.1 1.4 15

16 Savings institutions 0.0 0.0 0.0 0.1 0.3 0.4 1.2 1.7 3.7 6.0 16

17 Credit unions (net) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Private pension funds 0.6 0.7 0.9 1.0 1.1 1.2 1.3 2.1 2.5 3.0 20

21 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 22

23 Mutual funds 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 23

24 Government-sponsored enterprises (net) 0.0 0.0 0.0 0.0 0.2 1.0 0.4 0.8 3.0 2.1 24

25 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Discrepancy--unallocated assets -2.9 -5.6 -5.1 -3.5 -4.4 -1.7 -0.9 -0.9 -0.2 6.6 26

L.208 Open Market Paper

Billions of dollars

 1 Total outstanding, all types 12.7 17.3 21.4 25.6 38.1 40.2 40.1 41.7 50.1 67.8 1

 2 Commercial paper 9.3 13.6 17.1 21.2 32.6 33.1 32.1 34.7 41.1 49.1 2

 3 Nonfinancial corporate business 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 3

 4 Foreign issues in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 4

 5 Nonfinancial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 5

 6 Financial 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Financial business 8.5 12.0 14.1 16.9 27.2 25.9 25.9 27.8 32.7 36.5 7

 8 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Bank holding companies 0.0 0.0 0.0 0.0 4.3 2.3 2.0 2.6 4.9 8.3 9

10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Finance companies 8.5 12.0 14.1 16.9 23.0 23.6 23.1 21.9 23.8 27.4 11

12 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.8 3.2 4.0 0.7 12

13 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Bankers’ acceptances (1) 3.4 3.6 4.4 4.5 5.5 7.1 8.0 7.0 9.0 18.7 14

15 U.S.-chartered commercial banks 2.7 2.9 3.5 3.6 4.4 5.7 6.4 5.6 7.2 14.9 15

16 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 16

17 Holdings, by sector 12.7 17.3 21.4 25.6 38.1 40.2 40.1 41.7 50.1 67.8 17

18 Household sector 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 18

19 Nonfinancial corporate business 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 19

20 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Rest of the world 2.0 2.2 2.2 2.8 3.8 4.3 4.1 4.1 4.4 4.8 21

22 Monetary authority 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.6 22

23 U.S.-chartered commercial banks (1) 1.8 1.7 2.7 2.6 3.0 4.1 4.5 4.3 3.5 4.3 23

24 Foreign banking offices in U.S. (1) 0.2 0.2 0.3 0.3 0.5 0.9 0.9 1.2 1.4 2.1 24

25 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Life insurance companies 0.3 0.4 0.5 0.5 1.4 2.1 2.8 3.0 3.0 4.1 28

29 Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 3.1 5.4 29

30 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 31

32 Mutual funds 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 32

33 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.2 1.1 33

34 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.0 3.0 34

35 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 35

(1) Excludes banks’ holdings of own acceptances.
FFA, 1965-1974, March 8, 2012 81

L.209 Treasury Securities

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 1

 2 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 2

 3 Treasury bills 60.2 70.6 69.9 75.0 80.6 87.9 97.5 103.9 107.8 119.7 3

 4 Other Treasury securities 147.1 138.5 147.1 150.7 144.5 149.9 164.0 168.6 168.6 165.7 4

 5 Total assets 257.0 259.3 268.2 277.6 276.8 289.9 315.9 330.1 336.7 348.8 5

 6 Household sector 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 6

 7 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 7

 8 Bills and other Treasury securities 25.1 28.8 27.8 29.9 41.4 31.0 19.8 19.7 28.1 32.9 8

 9 Nonfinancial corporate business 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 9

10 Nonfinancial noncorporate business 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 10

11 State and local governments 19.5 20.1 19.7 19.9 23.0 22.9 22.6 24.9 26.1 26.5 11

12 Rest of the world 13.1 11.2 13.2 12.6 10.2 19.7 46.3 54.5 54.3 58.3 12

13 Monetary authority 40.5 43.7 49.0 52.9 57.2 62.1 69.0 69.8 78.5 80.1 13

14 U.S.-chartered commercial banks 59.5 56.2 62.5 64.5 54.7 61.7 64.9 66.9 58.2 54.3 14

15 Foreign banking offices in U.S. 0.5 0.5 0.6 0.6 0.6 0.5 0.3 0.5 0.4 0.5 15

16 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Banks in U.S.-affiliated areas 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 0.6 0.3 17

18 Savings institutions 11.6 11.5 12.7 12.7 10.8 9.5 9.2 8.7 7.0 5.9 18

19 Credit unions 0.3 0.3 0.3 0.4 0.5 0.6 0.6 0.5 0.8 0.8 19

20 Property-casualty insurance companies 5.5 5.0 4.3 3.9 3.4 3.4 3.2 2.9 2.8 2.9 20

21 Life insurance companies 5.1 4.9 4.7 4.5 4.1 4.0 3.8 3.8 3.4 3.4 21

22 Private pension funds 2.5 2.3 2.0 2.4 2.2 2.1 2.1 3.4 5.4 8.6 22

23 State and local govt. retirement funds 7.2 7.1 6.2 5.9 5.4 5.1 3.9 3.6 2.5 1.6 23

24 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 25

26 Mutual funds 0.8 1.4 0.9 1.1 0.7 0.9 0.6 0.7 0.7 1.1 26

27 Closed-end funds 0.5 0.5 0.5 0.6 0.6 0.5 0.6 0.7 0.8 0.7 27

28 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Government-sponsored enterprises 1.8 2.7 2.7 2.6 2.0 3.1 2.5 1.2 1.1 1.4 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Brokers and dealers 1.1 1.7 1.0 1.8 1.7 3.4 1.8 2.0 2.0 2.3 31

 Memo:

32 Federal government debt (1) 261.5 265.1 278.1 290.6 287.4 299.5 324.4 339.4 346.3 358.2 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, 1965-1974, March 8, 2012

L.210 Agency- and GSE-Backed Securities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 17.4 24.2 28.5 35.4 42.9 51.7 56.6 65.9 86.2 106.1 1

 2 Budget agencies 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 2

 3 Government-sponsored enterprises 13.8 18.9 18.4 21.6 30.6 38.9 40.0 43.5 59.8 76.4 3

 4 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 4

 5 Total assets 17.4 24.2 28.5 35.4 42.9 51.7 56.6 65.9 86.2 106.1 5

 6 Household sector 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 6

 7 Nonfinancial corporate business 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 7

 8 State and local governments 3.1 2.4 2.8 6.2 7.5 5.2 3.0 6.3 13.0 16.0 8

 9 Federal government 0.0 1.4 1.3 1.4 0.1 0.0 0.0 0.0 0.0 0.0 9

10 Rest of the world 1.3 1.7 2.0 2.4 2.7 3.0 3.1 3.2 3.2 2.8 10

11 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.5 1.3 1.9 4.7 11

12 U.S.-chartered commercial banks 5.8 6.1 9.1 10.4 10.1 13.9 17.9 21.7 29.1 32.6 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.5 0.6 13

14 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Savings institutions 2.9 3.0 3.2 3.5 4.7 6.9 10.6 14.1 16.3 17.6 16

17 Credit unions 0.0 0.1 0.2 0.4 0.5 0.8 1.0 1.6 1.8 2.1 17

18 Property-casualty insurance companies 0.6 1.3 1.2 1.4 1.6 1.6 1.9 2.3 2.3 2.7 18

19 Life insurance companies 0.2 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.9 1.1 19

20 Private pension funds 0.5 0.4 0.3 0.4 0.6 0.9 0.6 2.1 3.2 4.3 20

21 State and local govt. retirement funds 0.5 0.7 0.8 1.4 1.6 1.5 1.5 2.1 3.3 4.6 21

22 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Government-sponsored enterprises 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 25

26 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 83

L.211 Municipal Securities and Loans

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 1

 2 State and local governments 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 2

 3 Short-term (1) 5.5 6.2 8.0 8.1 10.9 13.3 15.7 15.8 16.1 18.8 3

 4 Long-term 94.9 100.5 105.8 114.0 122.6 132.2 145.8 159.4 173.8 183.8 4

 5 Nonprofit organizations (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 5

 6 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 6

 (industrial revenue bonds)

 7 Total assets 100.4 106.6 113.8 122.1 133.5 145.5 161.7 175.8 192.7 208.0 7

 8 Household sector 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 8

 9 Nonfinancial corporate business 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 9

10 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 State and local governments 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 11

12 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 U.S.-chartered commercial banks 38.7 41.0 50.0 58.6 59.2 69.6 82.4 89.5 95.1 100.4 13

14 Foreign banking offices in U.S. 0.1 0.1 0.2 0.2 0.2 0.4 0.2 0.1 0.2 0.2 14

15 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.6 15

16 Savings institutions 0.3 0.3 0.2 0.3 0.3 0.3 0.5 1.0 1.1 1.4 16

17 Property-casualty insurance companies 11.3 12.0 13.5 14.4 15.5 17.0 20.5 24.8 28.5 30.7 17

18 Life insurance companies 3.5 3.3 3.1 3.2 3.2 3.3 3.4 3.4 3.4 3.7 18

19 State and local govt. retirement funds 2.6 2.5 2.4 2.4 2.3 2.0 2.2 2.0 1.7 1.0 19

20 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Closed-end funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 Brokers and dealers 0.5 0.5 0.5 0.5 0.4 0.9 1.0 0.9 1.1 0.7 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, 1965-1974, March 8, 2012

L.212 Corporate and Foreign Bonds

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 123.1 135.7 152.5 167.1 181.1 204.3 228.8 249.4 264.9 293.9 1

 2 Nonfinancial corporate business 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 2

 3 Rest of the world (1) 9.1 9.9 11.1 12.2 13.2 14.1 15.0 16.0 17.0 19.4 3

 4 Financial sectors 16.7 18.3 19.3 19.9 20.9 23.5 28.2 35.6 41.0 47.9 4

 5 U.S.-chartered commercial banks 1.6 1.7 2.0 2.2 2.0 2.1 3.0 4.1 4.1 4.3 5

 6 Bank holding companies 0.0 0.0 0.0 0.0 0.0 1.1 2.2 4.2 5.1 6.1 6

 7 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 ABS issuers (net) (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Finance companies 15.1 16.6 17.3 17.7 18.8 19.6 22.0 26.0 29.9 35.5 9

10 REITs 0.0 0.0 0.0 0.0 0.1 0.6 1.0 1.4 1.9 2.1 10

11 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12

13 Total assets 123.1 135.7 152.5 167.1 181.1 204.3 228.8 249.4 264.9 293.9 13

14 Household sector 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 14

15 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Rest of the world (2) 1.0 2.2 2.5 4.9 6.4 7.9 9.4 11.4 12.7 13.7 17

18 U.S.-chartered commercial banks 1.1 1.1 1.9 2.1 1.6 2.4 3.6 4.8 5.2 6.2 18

19 Foreign banking offices in U.S. 0.1 0.2 0.3 0.3 0.3 0.6 0.3 0.3 0.3 0.3 19

20 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Banks in U.S.-affiliated areas 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 21

22 Savings institutions 2.9 3.2 5.2 6.7 7.2 9.9 14.8 17.4 14.4 14.2 22

23 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Property-casualty insurance companies 3.0 3.6 4.3 5.5 6.3 8.6 8.9 8.1 8.0 10.0 24

25 Life insurance companies 61.0 63.4 67.2 70.9 72.7 74.1 79.6 86.6 92.5 96.4 25

26 Private pension funds 22.7 25.2 26.4 27.0 27.6 29.4 28.6 30.6 32.7 35.0 26

27 State and local govt. retirement funds 17.2 20.2 23.9 26.6 30.6 35.1 39.0 43.2 48.4 54.5 27

28 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

29 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29

30 Mutual funds 2.6 2.9 2.6 2.0 2.9 3.5 3.7 4.2 4.3 4.9 30

31 Closed-end funds 1.5 1.5 1.7 2.0 2.0 1.4 1.8 2.0 2.5 2.3 31

32 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Brokers and dealers 0.9 1.0 1.4 1.2 1.6 1.7 1.8 2.0 2.4 1.8 36

37 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 85

L.213 Corporate Equities (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Issues at market value 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 1

 2 Nonfinancial corporate business 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 2

 3 Rest of the world (2) 5.0 4.3 5.2 6.5 7.0 6.6 7.6 10.5 10.0 9.0 3

 4 Financial corporations 106.1 108.2 117.6 146.5 128.6 122.5 143.5 160.1 118.9 65.9 4

 5 Holdings at market value 734.9 660.4 835.1 996.1 840.6 831.2 974.9 1203.3 938.3 632.5 5

 6 Household sector 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 6

 7 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Rest of the world (3) 14.6 12.6 25.5 29.5 26.8 27.2 30.8 39.1 33.5 23.9 9

10 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Foreign banking offices in U.S. 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 12

13 Savings institutions 2.3 2.0 2.5 2.4 2.5 2.8 3.5 4.5 4.2 3.7 13

14 Property-casualty insurance companies 12.0 11.0 13.0 14.6 13.3 13.2 16.6 21.8 19.7 12.8 14

15 Life insurance companies 9.0 8.7 10.7 13.0 13.2 14.6 20.0 26.5 25.4 21.3 15

16 Private pension funds 40.8 39.5 51.1 61.5 61.4 67.1 88.7 107.8 93.6 74.8 16

17 State and local govt. retirement funds 2.5 2.8 3.9 5.8 7.3 10.1 15.4 22.2 20.2 16.4 17

18 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 18

19 Mutual funds 30.9 28.9 39.2 46.1 40.9 39.7 48.6 51.7 38.3 26.3 19

20 Closed-end funds 5.6 5.3 5.4 6.3 6.0 4.3 5.4 5.7 6.6 5.9 20

21 Exchange-traded funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Brokers and dealers 1.2 1.3 1.7 1.5 1.9 2.0 2.1 2.4 2.8 2.2 22

23 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

 Memo:

24 Market value of domestic corporations (4) 708.8 636.5 807.3 964.7 809.9 802.3 939.6 1158.2 894.9 598.7 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 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 1

 2 Holdings at market value 35.2 34.8 44.3 51.2 47.6 46.8 55.4 58.9 46.6 35.2 2

 3 Household sector 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 3

 4 Nonfinancial corporate business 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 4

 5 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Rest of the world 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Credit unions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Property-casualty insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Life insurance companies 0.1 0.1 0.2 0.2 0.6 0.8 0.6 0.3 0.5 0.6 10

11 Private pension funds 0.4 0.4 0.5 0.6 0.7 0.8 1.2 1.5 1.7 1.9 11

12 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012

L.215 Bank Loans Not Elsewhere Classified (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net change in liabilities 98.8 109.6 117.0 130.4 148.3 154.8 166.0 191.8 239.8 281.5 1

 2 Nonfinancial sectors 86.6 98.0 105.9 117.5 134.0 138.4 147.4 166.4 207.2 248.2 2

 3 Household sector 4.4 5.1 5.5 6.2 6.8 6.1 7.3 7.6 11.2 16.8 3

 4 Corporate business 61.1 69.5 76.1 85.9 99.3 104.2 108.3 121.2 138.0 160.4 4

 5 Noncorporate business 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 5

 6 Rest of the world 7.1 7.1 6.7 6.3 6.0 5.8 7.3 10.4 13.1 17.8 6

 7 Foreign official institutions 1.1 1.0 1.0 0.8 0.8 0.6 0.8 1.0 1.4 1.7 7

 8 Foreign banks 2.1 2.2 1.8 1.9 2.1 2.0 2.4 3.5 5.1 8.2 8

 9 Other foreign 3.9 3.8 3.9 3.6 3.2 3.2 4.1 5.9 6.5 7.8 9

10 Financial sectors 12.2 11.6 11.1 12.8 14.3 16.4 18.6 25.4 32.6 33.3 10

11 Savings institutions 0.5 0.5 0.4 0.5 0.5 0.4 1.1 1.5 1.9 1.5 11

12 Finance companies 11.7 11.1 10.7 11.8 12.8 15.0 15.9 20.9 24.4 22.2 12

13 REITs 0.0 0.0 0.0 0.6 1.0 1.0 1.6 3.0 6.3 9.6 13

14 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Net change in assets 98.8 109.6 117.0 130.4 148.3 154.8 166.0 191.8 239.8 281.5 16

17 Monetary authority (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17

18 U.S.-chartered commercial banks 97.5 108.0 115.3 128.3 141.0 146.1 156.9 180.4 222.7 257.5 18

19 Foreign banking offices in U.S. 1.2 1.6 1.7 2.1 3.3 5.8 6.3 8.8 12.8 19.1 19

20 Bank holding companies 0.0 0.0 0.0 0.0 3.9 3.0 2.8 2.6 4.3 4.9 20

21 Banks in U.S.-affiliated areas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012 87

L.216 Other Loans and Advances

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total other loans and advances 65.9 73.1 76.4 84.5 101.3 110.6 114.5 121.9 142.8 173.0 1

 2 U.S. government loans 31.0 33.7 37.5 40.8 44.2 46.7 49.2 51.7 54.9 58.5 2

 3 Liab.: Household sector 1.6 2.1 2.4 3.2 3.6 3.9 4.2 4.6 5.0 5.5 3

 4 Nonfinancial corporate business 1.7 2.1 2.3 1.7 1.8 2.1 1.7 1.9 2.2 3.7 4

 5 Nonfinancial noncorporate business 5.9 6.1 6.6 6.9 7.2 7.7 8.1 8.2 9.7 10.3 5

 6 State and local governments 2.8 3.4 3.6 4.0 4.7 4.8 5.2 5.5 4.9 5.6 6

 7 Rest of the world 18.7 20.0 22.5 24.7 26.8 28.2 30.0 31.4 33.1 32.7 7

 8 Government-sponsored enterprises 0.3 0.1 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.7 8

 9 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Foreign loans to U.S. corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 11

12 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 12

 Customers’ liability on acceptances outstanding

13 Asset: U.S.-chartered commercial banks 2.7 2.9 3.5 3.5 4.4 5.6 6.3 5.5 7.1 14.8 13

14 Foreign banking offices in U.S. 0.7 0.7 0.9 0.9 1.1 1.4 1.6 1.4 1.8 3.7 14

15 Liab.: Nonfinancial corporate business 0.9 1.1 1.3 1.6 2.3 3.1 3.6 3.7 4.7 7.2 15

16 Rest of the world 2.5 2.5 3.0 2.9 3.2 4.0 4.3 3.2 4.2 11.2 16

17 Savings institution loans to business 0.1 0.2 0.2 0.2 0.3 0.5 0.7 0.6 0.5 0.5 17

18 Liab.: Nonfinancial corporate business 0.0 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.2 0.3 18

19 Nonfinancial noncorporate business 0.0 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.2 0.3 19

20 Credit unions loans to business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Policy loans (Household liability) 8.3 9.8 10.8 12.1 14.7 17.0 18.0 19.0 21.2 23.9 23

24 Asset: Federal government 0.7 0.7 0.8 0.8 0.9 1.0 1.0 1.0 1.0 1.0 24

25 Life insurance companies 7.7 9.1 10.1 11.3 13.8 16.1 17.1 18.0 20.2 22.9 25

26 Government-sponsored enterprise loans (1) 9.6 11.1 9.3 10.5 15.3 17.6 15.6 16.4 24.9 34.2 26

27 Liab.: Household sector (SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Nonfinancial corporate business (FCS) 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.5 28

29 Nonfinancial noncorporate business (FCS) 3.5 4.1 4.8 5.1 5.8 6.8 7.4 8.1 9.4 11.9 29

30 U.S.-chartered coml. banks (FHLB & SLMA) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Savings institutions (FHLB & SLMA) 6.0 6.9 4.4 5.3 9.3 10.6 7.9 8.0 15.1 21.8 31

32 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 32

33 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 33

34 Securitized loans held by ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Liab.: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Finance company loans to business 13.5 14.6 14.3 16.5 21.5 21.8 23.2 27.4 32.3 37.2 36

37 Liab.: Nonfinancial corporate business 12.2 13.1 12.8 14.8 19.3 19.6 20.8 24.6 29.1 33.4 37

38 Nonfinancial noncorporate business 1.4 1.5 1.4 1.6 2.1 2.2 2.3 2.7 3.2 3.7 38

39 Loans to nonfinancial corporate business (2) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 43

44 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 44

45 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012

L.217 Total Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total mortgages 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 1

 2 Home 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 2

 3 Multifamily residential 38.2 41.3 44.8 48.3 53.2 60.1 70.1 82.9 93.2 100.0 3

 4 Commercial 55.7 61.5 66.2 73.0 79.1 86.5 97.0 114.2 133.7 148.3 4

 5 Farm 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 5

 6 Total liabilities 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 6

 7 Household sector 227.7 241.6 257.8 273.1 289.6 297.8 321.9 356.7 396.0 433.8 7

 8 Nonfinancial business 105.0 115.1 122.4 136.3 148.2 169.4 193.8 230.5 267.7 291.9 8

 9 Corporate 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 9

10 Noncorporate 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 10

11 Federal government 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 11

12 REITs 0.0 0.0 0.0 0.2 0.4 0.5 0.7 1.2 1.5 1.6 12

13 Total assets 334.5 358.5 381.9 411.3 439.8 469.2 517.8 589.7 666.5 728.4 13

14 Household sector 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 14

15 Nonfinancial corporate business 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 15

16 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 16

17 State and local governments 2.7 2.9 3.0 3.2 3.7 4.6 5.6 7.0 8.7 11.2 17

18 Federal government 5.9 6.9 7.8 9.3 10.2 10.5 10.2 9.5 8.9 12.6 18

19 U.S.-chartered commercial banks 49.3 53.9 58.4 65.0 69.8 72.5 81.6 98.4 118.0 130.5 19

20 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 20

21 Banks in U.S.-affiliated areas 0.4 0.4 0.5 0.5 0.7 0.8 0.9 0.9 1.0 1.5 21

22 Savings institutions (1) 152.7 160.5 170.0 181.8 194.0 205.2 231.2 267.5 300.3 321.0 22

23 Credit unions 1.4 1.4 1.4 1.3 1.1 0.8 0.8 1.0 1.4 1.5 23

24 Property-casualty insurance companies 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 24

25 Life insurance companies 60.0 64.6 67.5 70.0 72.0 74.4 75.5 76.9 81.4 86.2 25

26 Private pension funds 3.4 3.9 4.1 4.1 4.2 4.2 3.7 2.7 2.4 2.4 26

27 State and local govt. retirement funds 3.7 4.5 5.0 5.4 5.6 5.9 6.3 6.5 7.1 7.7 27

28 Government-sponsored enterprises (1) 6.8 9.4 11.1 13.3 17.7 23.0 26.7 30.7 37.8 48.1 28

29 Agency- and GSE-backed mortgage pools 0.9 1.3 2.0 2.5 3.2 4.8 9.5 14.4 18.0 21.5 29

30 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Finance companies 4.5 3.9 4.3 4.9 5.7 7.5 10.0 12.2 14.5 13.1 31

32 REITs 0.0 0.0 0.0 0.8 2.0 3.9 6.2 10.4 16.0 16.1 32

(1) FHLB loans to savings institutions are included in other loans and advances.
FFA, 1965-1974, March 8, 2012 89

L.218 Home Mortgages (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 1

 2 Household sector 219.4 232.7 245.9 262.8 278.6 285.9 309.4 343.5 382.2 419.3 2

 3 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 1.2 1.8 2.8 3.5 3.2 3

 4 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 5.0 7.2 11.1 14.1 12.7 4

 5 Total assets 219.4 232.7 245.9 262.8 278.6 292.1 318.4 357.3 399.8 435.1 5

 6 Household sector 16.7 18.1 19.5 21.6 21.7 21.0 20.7 19.8 19.6 22.6 6

 7 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 8 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.9 1.0 0.9 8

 9 State and local governments 1.7 1.7 1.7 1.8 1.8 1.9 2.0 2.1 2.6 3.4 9

10 Federal government 3.9 4.5 5.3 6.2 6.4 6.2 5.6 5.0 4.2 5.6 10

11 U.S.-chartered commercial banks 30.1 32.5 34.9 38.3 40.9 41.8 47.3 56.3 67.3 74.0 11

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

13 Banks in U.S.-affiliated areas 0.3 0.3 0.4 0.4 0.4 0.6 0.7 0.7 0.7 0.8 13

14 Savings institutions 125.8 131.8 138.8 147.3 156.7 164.0 180.1 206.4 231.2 247.0 14

15 Credit unions 1.4 1.4 1.4 1.3 1.1 0.8 0.8 1.0 1.4 1.5 15

16 Life insurance companies 29.6 30.2 29.8 29.0 27.6 26.7 24.6 22.3 20.4 19.0 16

17 Private pension funds 1.5 1.7 1.8 1.8 1.8 1.8 1.5 1.1 0.8 0.8 17

18 State and local govt. retirement funds 2.0 2.3 2.6 2.7 2.8 2.9 3.0 3.0 3.2 3.2 18

19 Government-sponsored enterprises 2.5 4.4 5.5 7.2 10.9 15.5 17.6 19.5 22.8 28.4 19

20 Agency- and GSE-backed mortgage pools 0.1 0.3 0.7 1.0 1.4 2.5 6.7 10.7 13.6 18.0 20

21 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Finance companies 3.8 3.3 3.7 4.2 4.9 5.8 6.5 7.4 8.9 8.0 22

23 REITs 0.0 0.0 0.0 0.0 0.2 0.6 0.8 1.2 1.9 1.7 23

 Memo:

24 Home equity loans included above (2) ND ND ND ND ND ND ND ND ND ND 24

25 U.S.-chartered commercial banks ND ND ND ND ND ND ND ND ND ND 25

26 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26

27 Savings institutions ND ND ND ND ND ND ND ND ND ND 27

28 Credit unions ND ND ND ND ND ND ND ND ND ND 28

29 ABS issuers ND ND ND ND ND ND ND ND ND ND 29

30 Finance companies ND ND ND ND ND 0.4 0.8 1.1 1.5 1.8 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 38.2 41.3 44.8 48.3 53.2 60.1 70.1 82.9 93.2 100.0 1

 2 Nonfinancial corporate business 1.8 2.0 2.2 2.3 2.6 2.9 3.4 4.1 4.6 4.9 2

 3 Nonfinancial noncorporate business 34.5 37.5 40.9 44.2 48.9 55.5 65.0 77.1 86.9 93.4 3

 4 Federal government 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 4

 5 REITs 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.4 0.5 0.5 5

 6 Total assets 38.2 41.3 44.8 48.3 53.2 60.1 70.1 82.9 93.2 100.0 6

 7 Household sector 8.5 8.4 8.4 8.3 7.9 7.9 6.5 6.8 5.8 5.7 7

 8 Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.6 0.6 0.6 9

10 State and local governments 0.8 0.9 1.0 1.2 1.6 2.2 2.9 3.9 4.8 6.1 10

11 Federal government 1.0 1.3 1.6 1.9 2.6 3.1 3.5 3.8 4.1 4.8 11

12 U.S.-chartered commercial banks 2.0 2.1 2.4 2.7 3.2 3.3 4.0 5.8 6.9 7.6 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Savings institutions 14.4 15.2 16.4 17.8 19.3 21.6 27.2 32.0 35.1 36.7 14

15 Life insurance companies 8.8 10.3 11.7 12.8 14.2 16.0 16.7 17.3 18.5 19.6 15

16 Private pension funds 1.0 1.1 1.2 1.2 1.2 1.2 0.9 0.6 0.5 0.5 16

17 State and local govt. retirement funds 1.2 1.5 1.6 1.8 1.9 2.0 2.2 2.2 2.1 2.2 17

18 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.3 1.1 2.1 4.0 6.2 18

19 Agency- and GSE-backed mortgage pools 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.4 0.6 0.8 19

20 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

21 Finance companies 0.5 0.4 0.5 0.6 0.7 1.2 2.4 3.3 3.7 2.5 21

22 REITs 0.0 0.0 0.0 0.1 0.5 1.3 2.2 4.2 6.6 6.8 22
90 FFA, 1965-1974, March 8, 2012

L.220 Commercial Mortgages

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 55.7 61.5 66.2 73.0 79.1 86.5 97.0 114.2 133.7 148.3 1

 2 Household sector 8.3 9.0 12.0 10.3 11.0 11.9 12.5 13.2 13.9 14.5 2

 3 Nonfinancial corporate business 31.4 34.7 33.9 38.8 39.3 54.1 58.1 65.5 94.6 93.1 3

 4 Nonfinancial noncorporate business 16.0 17.8 20.4 23.8 28.5 20.2 26.0 34.7 24.3 39.6 4

 5 REITs 0.0 0.0 0.0 0.1 0.3 0.4 0.5 0.8 1.0 1.1 5

 6 Total assets 55.7 61.5 66.2 73.0 79.1 86.5 97.0 114.2 133.7 148.3 6

 7 Household sector 10.1 10.5 10.4 9.9 9.8 10.8 8.6 9.3 8.3 7.2 7

 8 Nonfinancial corporate business 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 8

 9 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.3 0.7 1.1 1.5 1.7 1.9 9

10 State and local governments 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.7 0.9 1.2 10

11 Federal government 0.1 0.1 0.2 0.3 0.4 0.4 0.5 0.3 0.2 1.6 11

12 U.S.-chartered commercial banks 14.3 16.3 17.8 20.4 21.9 23.1 26.1 31.5 38.3 42.8 12

13 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 13

14 Banks in U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 14

15 Savings institutions 12.4 13.4 14.7 16.6 17.9 19.4 23.9 29.1 33.9 37.2 15

16 Property-casualty insurance companies 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 16

17 Life insurance companies 16.8 18.8 20.5 22.4 24.4 26.0 28.5 31.6 36.5 41.3 17

18 Private pension funds 0.9 1.1 1.1 1.1 1.2 1.2 1.3 1.1 1.1 1.1 18

19 State and local govt. retirement funds 0.5 0.6 0.6 0.7 0.7 0.9 0.9 1.1 1.5 2.0 19

20 Agency- and GSE-backed mortgage pools 0.1 0.2 0.3 0.4 0.4 0.5 0.6 0.9 1.1 0.0 20

21 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21

22 Finance companies 0.1 0.1 0.1 0.2 0.2 0.5 1.1 1.5 1.9 2.6 22

23 REITs 0.0 0.0 0.0 0.7 1.3 2.0 3.2 5.0 7.5 7.7 23

L.221 Farm Mortgages (1)

Billions of dollars

 1 Total liabilities 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 1

 2 Nonfinancial corporate business 0.9 1.0 1.1 1.3 1.4 1.5 1.7 1.9 2.1 2.5 2

 3 Nonfinancial noncorporate business 20.3 22.0 23.9 25.9 27.6 28.9 30.7 33.5 37.7 42.4 3

 4 Total assets 21.2 23.1 25.0 27.2 29.0 30.5 32.4 35.4 39.8 44.9 4

 5 Household sector 7.3 7.6 8.2 9.1 9.8 10.2 11.4 12.3 13.5 15.0 5

 6 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 State and local governments 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 7

 8 Federal government 0.8 0.9 0.8 0.9 0.9 0.8 0.5 0.4 0.4 0.6 8

 9 U.S.-chartered commercial banks 2.9 3.1 3.3 3.5 3.8 4.4 4.2 4.8 5.4 6.0 9

10 Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Savings institutions 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 11

12 Life insurance companies 4.8 5.2 5.6 5.8 5.8 5.6 5.6 5.7 6.0 6.3 12

13 State and local govt. retirement funds 0.1 0.1 0.2 0.2 0.3 0.2 0.2 0.2 0.3 0.2 13

14 Government-sponsored enterprises 4.3 5.0 5.6 6.1 6.7 7.2 7.9 9.1 10.9 13.5 14

15 Agency- and GSE-backed mortgage pools 0.7 0.9 1.0 1.1 1.4 1.7 2.1 2.4 2.7 2.6 15

(1) Excludes mortgages on farm houses.
FFA, 1965-1974, March 8, 2012 91

L.222 Consumer Credit

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities (Households) 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 1

 2 Total assets 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 2

 3 Nonfinancial corporate business 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 3

 4 Nonfinancial noncorporate business 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 4

 5 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 U.S.-chartered commercial banks 45.2 48.2 51.7 58.5 63.4 65.6 74.3 87.0 99.6 103.0 6

 7 Savings institutions 3.9 4.0 4.1 4.3 4.4 4.4 4.7 5.1 8.5 9.1 7

 8 Credit unions 6.5 7.5 8.3 9.7 11.7 13.0 14.8 17.0 19.6 21.9 8

 9 Government-sponsored enterprises 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9

10 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Finance companies 24.7 26.4 26.9 29.2 32.0 32.1 34.4 38.0 42.6 44.6 11

L.223 Trade Credit

Billions of dollars

 1 Total trade payables 132.4 143.5 152.8 170.0 193.7 203.6 220.2 248.6 306.3 254.8 1

 2 Household sector 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 2

 3 Nonfinancial corporate business 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 3

 4 Nonfinancial noncorporate business 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 4

 5 State and local governments 13.2 14.8 16.4 18.3 20.3 22.5 24.8 27.3 30.1 33.4 5

 6 Federal government 5.0 5.8 6.5 6.5 6.4 5.4 4.2 4.4 5.2 6.2 6

 7 Rest of the world 2.6 2.9 3.4 3.8 4.6 5.6 6.1 6.6 8.5 11.5 7

 8 Brokers and dealers 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.9 8

 9 Total trade receivables 143.3 158.9 170.8 191.2 218.1 227.0 240.1 269.9 316.8 296.8 9

10 Nonfinancial corporate business 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 10

11 Nonfinancial noncorporate business 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 11

12 State and local governments 6.6 7.2 7.8 8.8 10.0 10.6 11.6 13.0 15.8 13.8 12

13 Federal government 3.1 4.4 5.8 6.4 7.3 6.6 4.9 4.0 4.3 5.3 13

14 Rest of the world 2.1 2.7 3.3 4.8 5.8 7.4 7.1 8.0 9.7 11.8 14

15 Property-casualty insurance companies 2.6 2.9 3.2 3.5 3.9 4.4 4.7 5.8 6.5 7.0 15

16 ABS issuers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Discrepancy -10.8 -15.4 -18.0 -21.2 -24.5 -23.3 -19.9 -21.3 -10.5 -42.0 17

L.224 Security Credit

Billions of dollars

 1 Total liabilities 18.0 18.7 25.8 32.3 25.7 24.9 28.7 37.4 29.5 25.9 1

 2 Household sector 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 2

 3 Rest of the world 0.1 0.1 0.3 0.5 0.3 0.3 0.3 0.4 0.2 0.2 3

 4 Brokers and dealers 12.0 12.8 16.6 20.3 17.2 17.7 19.0 24.0 20.4 18.3 4

 5 Customer credit balances (HH) 2.7 2.9 5.3 7.7 5.7 4.7 5.2 5.4 5.2 4.2 5

 6 From U.S.-chartered commercial banks 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 6

 7 From foreign banking offices in U.S. 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 7

 8 Total assets 18.0 18.7 25.8 32.3 25.7 24.9 28.7 37.4 29.5 25.9 8

 9 Household sector 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 9

10 Rest of the world 0.2 0.2 0.3 0.6 0.4 0.3 0.3 0.4 0.3 0.3 10

11 U.S.-chartered commercial banks 8.5 9.0 10.5 11.8 10.7 12.1 12.9 17.4 14.6 13.6 11

12 Foreign banking offices in U.S. 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.2 0.6 0.5 12

13 Brokers and dealers 6.0 6.0 9.2 12.0 8.5 7.2 9.8 13.5 9.1 7.6 13
92 FFA, 1965-1974, March 8, 2012

L.225 Life Insurance and Pension Fund Reserves

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Life insurance reserves:

 1 Total liabilities 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 1

 2 Federal government 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 2

 3 Life insurance companies 98.9 103.5 108.3 113.1 118.1 123.3 129.6 136.3 143.5 150.5 3

 4 Net change in assets 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 4

 5 Households 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 5

 6 U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6

 7 Bank holding companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7

 Pension fund reserves:

 8 Total liabilities 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 8

 9 Life insurance companies 27.3 29.4 31.9 34.7 37.6 41.0 46.1 52.1 56.1 60.4 9

10 Private pension funds (1) 80.9 84.0 98.8 112.4 115.0 125.0 148.0 183.3 182.2 181.2 10

11 State and local govt. retirement funds 34.1 38.1 42.6 48.0 53.2 60.3 69.0 80.6 84.7 87.7 11

12 Federal government retirement funds (2) 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 12

13 Total assets (Households) (3) 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 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 20.1 19.2 14.8 16.0 14.5 12.5 16.6 20.5 25.9 32.8 1

 2 Nonfinancial corporate business 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 3

 4 U.S.-chartered commercial banks 0.7 0.7 0.6 0.5 0.6 1.0 0.9 0.7 0.8 0.9 4

 5 Savings institutions 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 5

 6 Property-casualty insurance companies 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 6

 7 Life insurance companies 0.5 0.6 0.5 0.6 0.7 0.8 0.8 0.8 0.8 0.8 7

 8 Finance companies 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 8

 9 Brokers and dealers 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.2 0.2 0.0 9

10 Total business taxes receivable 7.9 5.8 6.3 7.3 4.7 2.4 6.9 9.2 11.9 14.5 10

11 State and local governments 1.2 1.3 1.5 1.6 1.5 1.5 2.8 4.5 6.1 7.7 11

12 Federal government 6.8 4.5 4.8 5.7 3.3 0.9 4.1 4.7 5.8 6.8 12

13 Discrepancy 12.1 13.3 8.5 8.8 9.8 10.1 9.6 11.3 14.0 18.3 13

L.227 Proprietors’ Equity in Noncorporate Business

Billions of dollars

 1 Total household equity 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 916.8 1026.6 1

 2 Nonfinancial noncorporate business 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 915.8 1024.9 2

 3 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 1.7 3
FFA, 1965-1974, March 8, 2012 93

L.228 Total Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 159.4 166.9 180.7 198.4 222.5 244.5 276.5 322.1 366.6 395.4 1

 2 Household sector 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 2

 3 Nonfinancial corporate business 15.6 16.7 20.7 21.5 25.5 15.3 15.7 15.1 19.3 26.3 3

 4 Nonfinancial noncorporate business 0.2 0.2 0.2 0.2 0.3 8.9 11.8 14.5 17.9 23.6 4

 5 Federal government 20.3 21.8 23.3 24.8 26.1 27.8 30.7 33.7 35.8 40.0 5

 6 Rest of the world 56.4 60.7 63.8 69.4 73.4 82.3 88.7 98.0 108.6 114.5 6

 7 Monetary authority 0.8 1.0 1.0 1.4 1.8 2.2 2.1 2.1 3.3 3.2 7

 8 U.S.-chartered commercial banks 6.5 6.9 7.7 11.8 18.8 23.9 29.9 41.0 46.7 51.5 8

 9 Foreign banking offices in U.S. -0.7 -0.6 -0.6 -1.0 -1.1 -2.9 -4.0 1.3 1.9 1.5 9

10 Bank holding companies 0.0 0.0 0.0 0.0 0.4 1.5 3.5 2.5 4.6 1.4 10

11 Banks in U.S.-affiliated areas -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 -0.3 -0.3 11

12 Savings institutions 6.2 5.8 7.2 8.0 8.9 10.5 13.4 16.3 16.5 15.8 12

13 Credit unions 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.7 1.0 13

14 Property-casualty insurance companies 21.8 23.6 25.7 28.2 31.5 34.9 38.6 43.5 48.4 53.0 14

15 Life insurance companies 15.2 16.4 18.2 19.7 21.1 22.6 24.5 27.1 29.6 32.2 15

16 Government-sponsored enterprises 3.9 4.1 4.6 4.4 4.7 6.5 6.0 6.4 8.5 8.9 16

17 Finance companies 7.7 4.5 2.4 3.3 3.8 3.2 8.0 11.4 15.5 11.4 17

18 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.9 18

19 Brokers and dealers 0.9 0.9 0.8 0.8 0.7 0.6 0.6 1.3 1.0 1.2 19

20 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 20

21 Total assets 150.7 157.6 173.6 192.1 213.2 243.2 282.6 352.0 381.9 494.0 21

22 Household sector 18.5 19.9 21.7 23.6 25.8 28.5 31.1 34.0 37.1 40.0 22

23 Nonfinancial corporate business 64.7 68.3 75.5 84.2 94.9 106.9 124.0 156.1 180.8 243.0 23

24 Nonfinancial noncorporate business 6.5 7.0 7.7 8.5 9.6 10.7 16.1 22.3 26.7 27.8 24

25 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Federal government 5.4 5.8 5.7 5.4 5.5 5.8 5.8 6.0 6.9 7.0 26

27 Rest of the world 8.9 8.0 8.6 9.5 8.0 7.7 7.4 8.2 -13.4 23.8 27

28 Monetary authority 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 28

29 U.S.-chartered commercial banks 2.6 3.1 3.8 5.4 5.2 4.8 4.6 6.0 5.4 2.9 29

30 Foreign banking offices in U.S. 0.6 0.8 0.2 0.7 -0.0 -1.4 -0.8 0.5 0.6 -0.0 30

31 Bank holding companies 0.0 0.0 0.0 0.0 4.7 11.8 16.1 25.0 36.2 40.9 31

32 Banks in U.S.-affiliated areas 0.6 0.7 0.8 1.0 1.8 2.1 2.1 2.1 2.2 2.0 32

33 Savings institutions 6.6 5.8 7.6 7.7 7.2 9.6 12.0 13.8 12.4 13.2 33

34 Credit unions -0.2 -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.5 -0.6 -0.6 34

35 Property-casualty insurance companies 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.4 1.8 2.3 35

36 Life insurance companies 5.7 6.0 6.9 7.5 8.3 9.2 10.1 11.1 12.0 13.4 36

37 Private pension funds 5.5 6.6 7.8 8.8 9.7 10.7 11.9 19.2 22.8 27.4 37

38 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Federal government retirement funds 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 39

40 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 40

41 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Government-sponsored enterprises 0.4 0.4 0.4 0.4 0.8 1.5 1.7 1.4 2.3 0.5 42

43 Finance companies 4.2 3.7 4.1 4.7 5.5 6.6 8.4 9.7 11.2 9.0 43

44 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.3 0.7 0.3 44

45 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 45

46 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 46

47 Discrepancy 8.7 9.2 7.0 6.4 9.3 1.2 -6.1 -30.0 -15.3 -98.6 47
94 FFA, 1965-1974, March 8, 2012

L.229 Identified Miscellaneous Financial Claims - Part I

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 U.S. direct investment abroad:

 1 Liab.: Rest of the world 55.4 59.0 65.6 73.7 83.1 94.3 103.9 125.5 126.2 135.3 1

 2 Asset: Nonfinancial corporate business 53.3 56.7 63.0 70.8 79.8 90.6 99.6 120.5 120.3 128.2 2

 3 U.S.-chartered commercial banks 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.3 1.6 2.0 3

 4 Property-casualty insurance companies 0.3 0.3 0.4 0.5 0.6 0.8 1.0 1.4 1.8 2.3 4

 5 Life insurance companies 0.3 0.4 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.7 5

 6 Finance companies 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 6

 7 Brokers and dealers 0.6 0.7 0.8 0.8 0.8 0.9 0.9 1.0 1.0 1.1 7

 Foreign direct investment in U.S.:

 8 Liab.: Nonfinancial corporate business 6.4 6.9 7.6 8.2 9.6 11.1 11.2 11.9 14.6 19.3 8

 9 Nonfinancial noncorporate business 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.6 9

10 Foreign banking offices in U.S. 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.8 10

11 Property-casualty insurance companies 0.7 0.6 0.7 0.7 0.7 0.7 0.8 0.9 1.0 0.7 11

12 Life insurance companies 0.6 0.5 0.6 0.6 0.6 0.6 0.7 0.8 0.9 0.6 12

13 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 13

14 Brokers and dealers 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.3 0.3 0.5 14

15 Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Asset: Rest of the world 8.5 8.9 9.7 10.5 11.7 13.2 13.6 14.7 17.8 22.6 16

 Federal government equity in IBRD, etc.:

17 Liab.: Rest of the world 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 17

18 Asset: Federal government 1.3 1.3 1.4 1.5 1.7 1.9 2.2 2.5 2.8 3.4 18

 Federal Reserve Bank stock:

19 Liab.: Monetary authority 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 19

20 Asset: U.S.-chartered commercial banks 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 20

 Equity in government-sponsored enterprises:

21 Liab.: Government-sponsored enterprises 2.0 2.3 2.4 2.2 2.4 2.4 2.5 2.7 3.3 4.0 21

22 Asset: Nonfin. corporate business (Fannie Mae and FCS) 0.1 0.1 0.2 0.2 0.3 0.0 0.0 0.0 0.1 0.1 22

23 Nonfinancial noncorporate (FCS) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 23

24 Federal government 0.2 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

25 U.S.-chartered commercial banks (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25

26 Savings institutions (FHLB) 1.3 1.4 1.4 1.4 1.5 1.6 1.6 1.8 2.1 2.6 26

27 Credit unions (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Life insurance companies (FHLB) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 28

 BHC investment in subsidiaries:

29 Liab.: U.S.-chartered commercial banks 0.0 0.0 0.0 0.0 4.0 10.0 15.0 21.0 25.0 32.0 29

30 Savings institutions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30

31 Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.6 3.0 3.6 3.3 32

33 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 1.8 33

34 Asset: Bank holding companies 0.0 0.0 0.0 0.0 4.0 10.0 15.6 24.0 29.3 37.0 34

 NFC inv. in finance company subs.:

35 Liab.: Finance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Asset: Nonfinancial corporate business 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36

 Funding corp. investment in subs.:

37 Liab.: Foreign banking offices in U.S. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 38

39 Asset: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

 Equity investment under Public-Private Inv. Program:

40 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 40

41 Asset: Households (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

(1) Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
FFA, 1965-1974, March 8, 2012 95

L.230 Identified Miscellaneous Financial Claims - Part II

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 Nonofficial foreign currencies:

 1 Liab.: Rest of the world 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 1

 2 Asset: Federal government 3.9 4.2 4.0 3.9 3.8 3.8 3.7 3.5 4.1 3.6 2

 3 Monetary authority (1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3

 Postal Savings System deposits:

 4 Liab.: Federal government 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4

 5 Asset: Household sector 0.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 Deposits at Federal Home Loan Banks:

 6 Liab.: Government-sponsored enterprises 1.0 1.0 1.4 1.4 1.0 2.3 1.8 1.5 1.7 2.4 6

 7 Asset: Savings institutions 1.0 1.0 1.4 1.4 1.0 2.3 1.8 1.5 1.7 2.4 7

 Deferred and unpaid life insurance premiums:

 8 Liab.: Household sector 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 8

 9 Asset: Life insurance companies 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 9

 Life insurance company reserves:

10 Liab.: Life insurance companies 10.0 10.8 11.9 12.9 14.0 15.3 16.6 18.1 19.8 21.5 10

11 Accident and health 1.4 1.7 2.1 2.5 2.9 3.5 3.9 4.3 4.9 5.6 11

12 Policy dividend accumulation 7.0 7.5 7.9 8.5 9.0 9.6 10.3 11.1 11.9 12.7 12

13 Contract claims 1.6 1.7 1.8 1.9 2.1 2.2 2.5 2.7 3.0 3.2 13

14 Asset: Household sector 10.0 10.8 11.9 12.9 14.0 15.3 16.6 18.1 19.8 21.5 14

 Policy payables:

15 Liab.: Property-casualty insurance companies 21.1 22.9 25.0 27.5 30.8 34.2 37.8 42.6 47.4 52.3 15

16 Asset: Household sector 8.2 8.9 9.7 10.7 11.8 13.2 14.5 15.9 17.3 18.5 16

17 Nonfinancial corporate business 6.9 7.4 8.1 8.9 10.1 11.0 12.1 14.0 16.0 18.1 17

18 Nonfinancial noncorporate business 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 18

 Unallocated insurance company contracts:

19 Liab.: Life insurance companies 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19

20 Asset: Private pension funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 20

 Pension fund contributions payable:

21 Liab.: Nonfinancial corporate business 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 21

22 Asset: Private pension funds 1.2 1.2 1.5 1.7 1.7 1.9 2.2 2.7 2.7 2.7 22

 Securities borrowed (net):

23 Liab.: Funding corporations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Asset: Brokers and dealers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 24

 Nonmarketable government securities:

25 Liab.: Federal government 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 25

26 Asset: Federal government retirement funds 19.7 21.0 22.3 23.6 25.1 27.5 30.4 33.4 35.5 38.2 26

 Retiree health care funds (2):

27 Liab.: Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27

28 Asset: Household sector 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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, 1965-1974, March 8, 2012

L.231 Unidentified Miscellaneous Financial Claims

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total liabilities 30.9 29.7 31.0 34.7 37.7 31.7 40.1 44.0 68.6 64.4 1

 2 Nonfinancial corporate business 7.9 8.5 11.6 11.5 14.2 2.3 2.4 0.4 2.1 4.3 2

 3 Nonfinancial noncorporate business 0.0 0.0 0.0 0.0 0.0 8.6 11.5 14.2 17.4 23.0 3

 4 Federal government 0.2 0.7 1.0 1.2 0.9 0.3 0.3 0.3 0.3 1.7 4

 5 Rest of the world -4.2 -3.9 -7.2 -9.7 -15.2 -17.8 -21.1 -33.5 -24.5 -27.8 5

 6 Monetary authority 0.3 0.4 0.4 0.8 1.1 1.5 1.3 1.3 2.5 2.3 6

 7 U.S.-chartered commercial banks 6.5 6.9 7.7 11.8 14.8 13.9 14.9 20.0 21.7 19.5 7

 8 Foreign banking offices in U.S. -1.0 -0.9 -0.9 -1.4 -1.5 -3.3 -4.4 0.8 1.3 0.7 8

 9 Bank holding companies 0.0 0.0 0.0 0.0 0.4 1.5 3.5 2.5 4.6 1.4 9

10 Banks in U.S.-affiliated areas -0.1 -0.1 -0.1 -0.1 -0.1 -0.2 -0.2 -0.2 -0.3 -0.3 10

11 Savings institutions 6.2 5.8 7.2 8.0 8.9 10.5 13.4 16.3 16.5 15.8 11

12 Credit unions 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.7 1.0 12

13 Life insurance companies 4.6 5.0 5.7 6.2 6.5 6.7 7.2 8.2 8.9 10.1 13

14 Government-sponsored enterprises 0.8 0.8 0.8 0.8 1.3 1.8 1.7 2.1 3.5 2.5 14

15 Finance companies 7.6 4.4 2.4 3.2 3.8 3.1 7.4 8.4 11.8 8.1 15

16 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.4 1.9 16

17 Brokers and dealers 0.7 0.6 0.6 0.5 0.5 0.4 0.4 1.0 0.0 -1.0 17

18 Funding corporations 0.5 0.8 0.8 1.0 1.6 1.4 1.3 1.2 1.7 1.4 18

19 Total assets 22.2 20.5 23.9 28.3 28.4 30.4 46.3 74.0 83.9 163.0 19

20 Nonfinancial corporate business 4.4 4.0 4.2 4.3 4.8 5.2 12.3 21.7 44.5 96.6 20

21 Nonfinancial noncorporate business 0.0 -0.0 -0.0 -0.0 -0.0 0.0 4.0 8.6 11.4 10.8 21

22 State and local governments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Federal government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23

24 Rest of the world 0.3 -0.9 -1.1 -1.0 -3.7 -5.5 -6.2 -6.5 -31.3 1.2 24

25 Monetary authority 0.5 0.7 0.7 0.9 0.8 0.9 1.1 1.1 1.4 3.2 25

26 U.S.-chartered commercial banks 1.8 2.2 2.8 4.3 3.9 3.3 2.8 4.0 3.0 -0.1 26

27 Foreign banking offices in U.S. 0.6 0.8 0.2 0.7 -0.0 -1.4 -0.8 0.5 0.6 -0.0 27

28 Bank holding companies 0.0 0.0 0.0 0.0 0.7 1.8 0.5 1.1 6.9 3.9 28

29 Banks in U.S.-affiliated areas 0.6 0.7 0.8 1.0 1.8 2.1 2.1 2.1 2.2 2.0 29

30 Savings institutions 4.3 3.4 4.8 4.9 4.7 5.6 8.6 10.5 8.5 8.2 30

31 Credit unions -0.2 -0.2 -0.3 -0.3 -0.3 -0.4 -0.4 -0.5 -0.6 -0.6 31

32 Life insurance companies 2.1 1.9 2.5 2.7 3.2 3.5 4.1 4.5 4.9 5.6 32

33 Private pension funds 4.3 5.4 6.4 7.2 8.0 8.9 9.7 16.4 20.1 24.7 33

34 State and local govt. retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35

36 Money market mutual funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 36

37 Government-sponsored enterprises 0.4 0.4 0.4 0.4 0.8 1.5 1.7 1.4 2.3 0.5 37

38 Finance companies 3.7 3.0 3.4 4.0 4.7 5.8 7.6 8.9 10.3 8.1 38

39 REITs 0.0 0.0 0.0 0.0 0.0 0.0 0.2 1.3 0.7 0.3 39

40 Brokers and dealers -0.6 -0.7 -0.8 -0.8 -0.8 -0.9 -0.9 -1.0 -1.0 -1.1 40

41 Discrepancy 8.7 9.2 7.0 6.4 9.3 1.2 -6.1 -30.0 -15.3 -98.6 41
FFA, 1965-1974, March 8, 2012 97

B.100 Balance Sheet of Households and Nonprofit Organizations (1)

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Assets 2883.2 2980.6 3298.9 3688.9 3741.1 3914.2 4326.9 4930.3 5166.4 5260.9 1

 2 Nonfinancial assets 929.7 1004.5 1072.7 1198.8 1306.2 1387.9 1514.8 1710.9 1939.3 2059.7 2

 3 Real estate 696.5 749.2 794.4 889.8 968.8 1025.2 1127.8 1290.8 1472.6 1517.4 3

 4 Households (2,3) 605.6 649.0 685.7 768.2 832.4 874.5 957.2 1098.6 1251.4 1261.1 4

 5 Nonprofit organizations 90.9 100.2 108.8 121.6 136.4 150.7 170.6 192.2 221.2 256.3 5

 Equipment and software owned by

 6 nonprofit organizations (4) 5.3 5.8 6.4 6.9 7.7 8.4 9.1 10.6 12.6 16.6 6

 7 Consumer durable goods (4) 227.9 249.5 271.9 302.1 329.7 354.3 377.9 409.5 454.1 525.6 7

 8 Financial assets 1953.5 1976.1 2226.1 2490.1 2434.9 2526.3 2812.1 3219.4 3227.1 3201.3 8

 9 Deposits 373.3 394.4 439.7 479.4 487.1 535.8 614.1 697.2 766.4 828.5 9

10 Foreign deposits 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Checkable deposits and currency 87.0 89.4 99.9 109.2 107.7 114.9 128.3 139.9 147.7 152.5 11

12 Time and savings deposits 286.3 305.0 339.9 370.2 379.4 420.9 485.8 557.2 618.7 673.7 12

13 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 13

14 Credit market instruments 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 14

15 Open market paper 6.0 8.3 10.1 12.2 18.5 16.6 13.8 9.3 14.1 22.5 15

16 Treasury securities 74.8 79.1 79.0 81.7 93.2 83.0 74.2 77.4 88.5 96.3 16

17 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 17

18 Other Treasury 25.1 28.8 27.8 29.9 41.4 31.0 19.8 19.7 28.1 32.9 18

19 Agency- and GSE-backed securities 1.1 5.9 6.3 6.1 11.3 15.9 14.6 8.9 8.3 13.7 19

20 Municipal securities 36.5 41.2 38.2 36.5 47.2 47.1 46.0 47.7 55.1 62.2 20

21 Corporate and foreign bonds 9.0 11.1 15.1 18.0 22.0 29.7 37.4 38.5 41.5 54.4 21

22 Other loans and advances (5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 22

23 Mortgages 42.6 44.6 46.5 49.0 49.1 50.0 47.3 48.2 47.2 50.5 23

24 Corporate equities (2) 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 24

25 Mutual fund shares (6) 34.4 33.9 43.0 49.5 45.6 44.5 53.0 56.4 43.7 31.8 25

26 Security credit 2.5 2.7 4.9 7.0 5.2 4.4 4.9 5.0 4.9 3.9 26

27 Life insurance reserves 105.9 110.6 115.5 120.3 125.4 130.7 137.1 143.9 151.3 158.4 27

28 Pension fund reserves 162.0 172.5 195.6 218.7 230.9 253.7 293.5 349.3 358.5 367.5 28

29 Equity in noncorporate business (7) 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 916.8 1026.6 29

30 Miscellaneous assets 18.5 19.9 21.7 23.6 25.8 28.5 31.1 34.0 37.1 40.0 30

31 Liabilities 352.3 375.6 402.6 434.9 462.6 476.9 522.9 584.0 651.0 707.7 31

32 Credit market instruments 339.5 362.1 385.2 414.0 443.9 458.4 500.7 556.7 626.8 683.2 32

33 Home mortgages (8) 219.4 232.7 245.9 262.8 278.6 285.9 309.4 343.5 382.2 419.3 33

34 Consumer credit 97.5 103.4 108.6 119.3 129.2 133.7 149.2 168.8 193.0 201.9 34

35 Municipal securities (9) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 1.3 35

36 Bank loans n.e.c. 4.4 5.1 5.5 6.2 6.8 6.1 7.3 7.6 11.2 16.8 36

37 Other loans and advances 10.0 11.9 13.3 15.3 18.3 20.9 22.3 23.6 26.2 29.4 37

38 Commercial mortgages (9) 8.3 9.0 12.0 10.3 11.0 11.9 12.5 13.2 13.9 14.5 38

39 Security credit 5.9 5.8 8.9 11.5 8.2 6.9 9.5 13.1 8.9 7.4 39

40 Trade payables (9) 3.6 4.0 4.6 5.2 5.8 6.5 7.3 8.2 8.9 10.1 40

 Deferred and unpaid

41 life insurance premiums 3.3 3.7 3.9 4.3 4.7 5.1 5.4 6.0 6.4 7.1 41

42 Net worth 2530.9 2605.0 2896.3 3253.9 3278.5 3437.3 3804.0 4346.4 4515.4 4553.2 42

 Memo:

 Replacement-cost value of structures:

43 Residential 500.7 539.0 577.6 639.0 682.2 721.3 808.7 898.8 1028.9 1166.0 43

44 Households 485.7 522.5 560.0 619.3 661.0 698.8 783.4 870.3 996.5 1129.3 44

45 Nonprofit organizations 14.9 16.5 17.7 19.7 21.2 22.4 25.3 28.4 32.4 36.8 45

46 Nonresidential (nonprofits) 54.5 60.0 64.9 72.5 80.8 89.9 102.7 115.1 129.3 151.0 46

47 Disposable personal income (SAAR) 497.8 537.4 575.1 624.7 673.8 735.5 801.4 869.0 978.1 1071.7 47

 Household net worth as percentage of

48 disposable personal income (SAAR) 508.4 484.7 503.6 520.9 486.5 467.3 474.7 500.2 461.6 424.9 48

 Owners’ equity in household real

49 estate (10) 386.2 416.3 439.8 505.3 553.9 588.6 647.8 755.1 869.3 841.9 49

 Owners’ equity as percentage of

50 household real estate (11) 63.8 64.1 64.1 65.8 66.5 67.3 67.7 68.7 69.5 66.8 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, 1965-1974, March 8, 2012

B.102 Balance Sheet of Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 With nonfinancial assets stated at either market value or replacement cost:

 1 Assets 987.8 1069.8 1148.1 1257.7 1389.2 1504.5 1648.0 1826.3 2089.5 2469.8 1

 2 Nonfinancial assets 725.1 792.8 853.3 929.7 1027.0 1120.8 1222.8 1332.7 1517.8 1853.6 2

 3 Real estate (1) 424.0 454.0 483.2 524.9 580.4 638.0 707.0 775.7 883.3 1062.8 3

 4 Equipment and software (2) 183.5 205.8 226.8 251.7 278.7 306.7 328.7 354.6 393.6 485.0 4

 5 Inventories (2) 117.6 133.0 143.3 153.2 167.9 176.1 187.1 202.4 240.9 305.8 5

 6 Financial assets 262.7 277.1 294.9 328.0 362.2 383.6 425.2 493.7 571.7 616.2 6

 7 Foreign deposits 0.8 0.9 1.1 1.6 1.2 0.8 1.2 2.2 3.3 4.9 7

 8 Checkable deposits and currency 33.3 32.6 35.1 37.8 43.4 44.4 42.9 45.3 46.7 48.2 8

 9 Time and savings deposits 9.0 8.6 9.7 9.1 3.7 5.3 9.5 11.9 16.6 20.5 9

10 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10

11 Security RPs 0.6 0.9 0.7 1.1 3.3 0.2 1.1 2.7 11.3 5.5 11

12 Commercial paper 1.4 2.9 4.0 5.1 7.6 9.4 11.3 14.2 14.9 16.5 12

13 Treasury securities 12.5 11.1 8.6 9.0 5.6 6.3 9.1 6.9 2.5 2.6 13

14 Agency- and GSE-backed securities 1.2 1.0 1.0 1.4 1.7 1.2 0.9 1.0 2.0 3.0 14

15 Municipal securities 4.6 3.6 3.3 3.8 2.8 2.2 3.2 4.2 4.0 4.7 15

16 Mortgages 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.7 16

17 Consumer credit 13.2 13.4 13.7 13.8 14.0 14.7 17.3 18.0 19.2 20.3 17

18 Trade receivables 120.9 133.3 141.6 160.1 182.9 191.4 203.8 230.2 269.3 245.5 18

19 Mutual fund shares (1) 0.3 0.4 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 19

20 Miscellaneous assets 64.7 68.3 75.5 84.2 94.9 106.9 124.0 156.1 180.8 243.0 20

21 Liabilities 336.9 371.1 399.1 448.2 502.8 542.3 588.2 652.8 764.6 769.2 21

22 Credit market instruments 208.2 232.8 255.1 286.0 318.7 363.2 391.9 431.5 497.2 552.8 22

23 Commercial paper 0.8 1.6 3.0 4.2 5.4 7.1 6.2 7.0 8.4 12.5 23

24 Municipal securities (3) 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.6 2.4 4.1 24

25 Corporate bonds (4) 97.3 107.5 122.1 135.0 147.0 166.8 185.6 197.8 206.9 226.6 25

26 Bank loans n.e.c. 61.1 69.5 76.1 85.9 99.3 104.2 108.3 121.2 138.0 160.4 26

27 Other loans and advances 14.9 16.5 16.7 18.4 23.8 25.3 26.7 30.8 36.7 45.5 27

28 Mortgages 34.1 37.7 37.2 42.4 43.3 59.8 64.9 74.2 104.8 103.7 28

29 Trade payables 94.9 104.1 110.0 126.5 146.0 153.8 167.5 190.7 228.8 165.6 29

30 Taxes payable 18.3 17.4 13.2 14.3 12.6 10.0 13.1 15.5 19.3 24.5 30

31 Miscellaneous liabilities 15.6 16.7 20.7 21.5 25.5 15.3 15.7 15.1 19.3 26.3 31

32 Net worth (market value) 650.9 698.8 749.0 809.5 886.3 962.2 1059.8 1173.5 1324.9 1700.6 32

 Memo:

 Replacement-cost value of structures:

33 Residential 8.5 9.7 10.7 11.7 12.5 13.2 14.9 16.9 19.3 22.0 33

34 Nonresidential 305.1 325.5 348.5 380.4 417.0 458.7 509.2 553.2 629.2 770.2 34

35 Market value of equities outstanding 623.8 547.9 712.2 843.2 705.1 702.2 823.8 1032.7 809.4 557.6 35

36 Debt/net worth (percent) (5) 32.0 33.3 34.1 35.3 36.0 37.7 37.0 36.8 37.5 32.5 36

37 Debt/equities (percent) (6) 33.4 42.5 35.8 33.9 45.2 51.7 47.6 41.8 61.4 99.1 37

38 Equities/net worth (percent) (7) 95.8 78.4 95.1 104.2 79.6 73.0 77.7 88.0 61.1 32.8 38

 With nonfinancial assets stated at historical cost:

39 Assets (8) 783.1 849.6 911.6 993.6 1091.5 1159.9 1247.8 1389.5 1566.9 1735.3 39

40 Nonfinancial assets 520.4 572.5 616.7 665.6 729.4 776.3 822.5 895.8 995.2 1119.2 40

41 Real estate 230.6 247.9 264.9 282.3 304.4 325.4 346.7 371.9 402.5 436.1 41

42 Equipment and software 163.1 181.8 198.7 217.3 238.6 257.6 275.5 298.2 328.8 363.5 42

43 Inventories 126.6 142.8 153.1 166.0 186.4 193.3 200.4 225.7 263.9 319.5 43

44 Net worth (historical cost) (9) 446.2 478.6 512.5 545.4 588.7 617.6 659.5 736.7 802.3 966.1 44

 Memo:

 Historical-cost value of structures:

45 Residential 5.4 6.2 6.8 7.1 7.6 8.1 8.7 9.6 10.4 11.3 45

46 Nonresidential 197.0 210.9 225.0 240.0 257.1 275.4 294.0 314.8 339.5 369.1 46

47 Debt/net worth (percent) (10) 46.6 48.7 49.8 52.4 54.1 58.8 59.4 58.6 62.0 57.2 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, 1965-1974, March 8, 2012 99

B.103 Balance Sheet of Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Assets 579.3 621.0 655.8 708.9 758.4 803.1 895.4 1012.7 1192.1 1348.7 1

 2 Nonfinancial assets 542.7 583.3 616.8 670.1 717.6 760.4 842.9 950.2 1116.5 1268.4 2

 3 Real estate (1) 450.9 485.9 515.4 560.9 599.5 637.5 708.4 800.1 939.3 1076.6 3

 4 Residential 226.9 246.5 260.8 289.8 312.5 332.1 373.2 424.9 489.0 559.8 4

 5 Nonresidential 224.0 239.4 254.6 271.2 287.0 305.4 335.3 375.2 450.3 516.8 5

 6 Equipment and software (2) 52.1 56.6 60.5 64.9 70.2 76.1 80.9 85.6 95.3 115.3 6

 7 Residential (3) 2.7 2.8 3.0 3.4 3.7 4.2 4.6 5.2 5.9 7.3 7

 8 Nonresidential 49.4 53.8 57.5 61.6 66.5 71.9 76.2 80.4 89.4 108.0 8

 9 Inventories (2) 39.6 40.7 40.8 44.2 47.9 46.8 53.6 64.4 81.9 76.5 9

10 Financial assets 36.7 37.7 39.0 38.8 40.8 42.7 52.5 62.5 75.6 80.3 10

11 Checkable deposits and currency 18.2 18.2 18.3 18.5 18.6 18.7 18.8 19.1 23.7 23.7 11

12 Time and savings deposits 0.0 0.0 0.0 0.0 0.0 1.4 3.0 4.6 6.2 7.8 12

13 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Credit market instruments 4.0 4.0 4.0 4.2 4.5 5.2 6.5 7.7 7.9 7.7 14

15 Treasury securities 0.0 0.0 0.1 0.3 0.5 0.7 0.9 1.1 1.2 1.2 15

16 Municipal securities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Mortgages 0.0 0.0 0.0 0.0 0.3 0.7 1.9 3.0 3.3 3.4 17

18 Consumer credit 4.0 4.0 3.9 3.9 3.7 3.8 3.7 3.6 3.4 3.1 18

19 Trade receivables 7.9 8.5 9.0 7.7 8.1 6.6 8.1 8.8 11.1 13.3 19

20 Miscellaneous assets 6.5 7.0 7.7 8.5 9.6 10.7 16.1 22.3 26.7 27.8 20

21 Insurance receivables 6.1 6.6 7.2 7.9 8.9 10.0 11.2 12.8 14.2 15.7 21

22 Equity investment in GSEs (4) 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.9 1.1 1.3 22

23 Other 0.0 -0.0 -0.0 -0.0 -0.0 0.0 4.0 8.6 11.4 10.8 23

24 Liabilities 108.6 117.1 127.4 136.3 152.3 167.0 193.8 230.5 276.3 323.8 24

25 Credit market instruments 95.6 105.4 115.7 126.7 142.0 148.8 171.5 202.8 230.4 267.5 25

26 Bank loans n.e.c. 14.0 16.3 17.7 19.1 21.9 22.3 24.5 27.2 44.9 53.2 26

27 Other loans and advances 10.7 11.7 12.9 13.7 15.3 16.9 18.1 19.3 22.6 26.2 27

28 Mortgages 70.9 77.4 85.2 93.9 104.9 109.6 128.9 156.3 162.9 188.1 28

29 Trade payables 12.7 11.5 11.5 9.4 10.0 9.3 9.5 10.7 24.0 27.1 29

30 Taxes payable 0.0 0.0 0.0 0.0 0.0 0.0 1.0 2.5 4.0 5.5 30

31 Miscellaneous liabilities 0.2 0.2 0.2 0.2 0.3 8.9 11.8 14.5 17.9 23.6 31

32 Net worth (5) 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 915.8 1024.9 32

 Memo:

 Replacement-cost value of structures:

33 Residential 185.9 203.0 214.4 236.2 254.0 269.6 305.0 346.3 397.8 456.8 33

34 Nonresidential 72.6 78.3 83.6 91.3 99.9 109.6 123.1 135.3 152.1 179.9 34

35 Debt/net worth (percent) (6) 20.3 20.9 21.9 22.1 23.4 23.4 24.4 25.9 25.2 26.1 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, 1965-1974, March 8, 2012

R.100 Change in Net Worth of Households and Nonprofit Organizations

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Change in net worth (1) 183.4 74.2 291.3 357.7 24.5 158.8 366.7 542.4 169.0 37.8 1

 2 Net investment 65.3 77.0 76.5 77.2 78.1 92.4 102.7 123.4 156.8 120.7 2

 3 Net physical investment 37.2 37.2 34.9 42.9 43.1 35.5 50.2 66.1 76.0 56.6 3

 4 Capital expenditures 91.9 95.9 98.1 112.7 120.0 118.4 140.5 163.6 183.9 177.9 4

 5 - Consumption of fixed capital 54.7 58.7 63.2 69.9 76.9 82.9 90.2 97.5 107.8 121.3 5

 6 Net lending (+) or net borrowing (-) 28.2 39.8 41.6 34.4 35.0 56.8 52.4 57.3 80.7 64.1 6

 7 Net acquisition of financial assets 57.5 62.7 68.7 66.5 64.2 75.1 97.8 118.3 146.7 121.0 7

 8 - Net increase in liabilities 29.4 22.9 27.1 32.1 29.2 18.3 45.4 61.0 66.0 56.9 8

 Holding gains on assets

 9 at market value (2) 121.1 -7.7 207.1 271.7 -62.1 51.7 260.7 415.7 4.7 -139.0 9

10 Real estate 12.4 32.7 25.9 74.3 56.3 34.1 73.3 125.1 139.6 10.8 10

11 Corporate equities 82.5 -58.0 147.5 153.0 -130.8 -12.8 99.5 188.0 -223.8 -247.6 11

12 Mutual fund shares 3.9 -2.8 8.2 4.4 -6.6 -2.1 8.2 4.8 -10.5 -10.5 12

13 Equity in noncorporate business 23.5 30.9 24.0 41.4 33.8 30.3 64.0 85.5 124.8 136.7 13

14 Life insurance and pension fund reserves -1.2 -10.6 1.5 -1.3 -14.8 2.2 15.7 12.2 -25.4 -28.4 14

15 Equity investment under PPIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

 Holding gains on assets

16 at current cost (2) -3.4 4.0 6.5 9.5 8.4 10.6 3.9 5.6 12.9 52.1 16

17 Consumer durable goods -3.5 3.8 6.4 9.3 8.2 10.3 3.8 5.5 12.5 50.2 17

18 Equipment and software 0.0 0.2 0.1 0.2 0.2 0.3 0.2 0.1 0.4 2.0 18

19 Other volume changes (3) 0.4 0.9 1.1 -0.7 0.2 4.2 -0.6 -2.3 -5.3 4.0 19

 Memo:

20 Net worth outstanding (4) 2530.9 2605.0 2896.3 3253.9 3278.5 3437.3 3804.0 4346.4 4515.4 4553.2 20

21 Disposable personal income 497.8 537.4 575.1 624.7 673.8 735.5 801.4 869.0 978.1 1071.7 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, 1965-1974, March 8, 2012 101

R.102 Change in Net Worth of Nonfinancial Corporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Change in net worth (1) 40.3 47.9 50.3 60.4 76.9 75.9 97.6 113.7 151.4 375.7 1

 2 Net investment 23.8 24.2 26.9 23.5 26.2 20.0 35.2 54.0 39.6 60.6 2

 3 Net physical investment 31.8 44.0 37.1 40.3 46.6 39.8 39.6 50.4 80.8 106.8 3

 4 Capital expenditures 59.6 73.8 70.7 75.3 83.6 80.7 87.0 100.3 124.4 142.7 4

 5 - Consumption of fixed capital 29.1 31.9 35.2 38.7 42.9 47.5 51.9 56.4 63.1 74.1 5

 6 - Inventory valuation adjustment -1.2 -2.1 -1.6 -3.7 -5.9 -6.6 -4.6 -6.6 -19.6 -38.2 6

 7 Net lending (+) or net borrowing (-) -8.0 -21.1 -12.6 -16.6 -23.8 -25.5 -15.9 -7.4 -49.1 -50.4 7

 8 Net acquisition of financial assets 27.4 14.4 17.8 33.1 34.2 21.4 41.6 68.5 78.2 50.6 8

 9 - Net increase in liabilities 35.4 35.4 30.4 49.7 58.1 47.0 57.4 75.9 127.3 101.0 9

10 Net corporate equity issues -0.0 1.3 2.4 -0.2 3.4 5.7 11.4 10.9 7.9 4.1 10

 Holding gains on assets

11 at market value (2) 11.7 15.8 15.3 27.8 37.4 41.2 53.1 50.1 84.2 156.0 11

12 Real estate 11.7 15.8 15.2 27.8 37.6 41.3 53.1 50.0 84.4 156.2 12

13 Mutual fund shares 0.0 -0.0 0.1 0.0 -0.2 -0.1 0.1 0.0 -0.2 -0.3 13

 Holding gains on assets less

14 liabilities at current cost (2) 7.4 3.2 8.3 10.7 12.5 15.7 11.2 22.6 8.4 76.2 14

15 Equipment and software 0.9 5.3 6.4 9.0 9.0 13.1 9.1 8.3 13.9 65.3 15

16 Inventories (3) 0.4 -0.1 0.2 -1.1 0.2 -1.0 -0.0 0.3 5.2 11.0 16

17 Direct investment abroad 5.9 -1.8 1.8 2.8 3.4 3.7 1.9 13.9 -10.6 0.0 17

18 - Foreign direct investment in U.S. -0.1 0.2 -0.0 -0.1 0.2 0.1 -0.2 -0.1 0.1 0.1 18

19 Other volume changes (4) -2.6 4.7 -0.2 -1.6 0.8 -1.0 -2.0 -12.9 19.2 83.0 19

 Memo:

20 Net worth outstanding (5) 650.9 698.8 749.0 809.5 886.3 962.2 1059.8 1173.5 1324.9 1700.6 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, 1965-1974, March 8, 2012

R.103 Change in Net Worth of Nonfinancial Noncorporate Business

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Change in net worth (1) 26.1 33.1 24.5 44.3 33.5 30.0 65.5 80.6 133.7 109.0 1

 2 Net capital transfers paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2

 3 Net investment 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.1 -27.7 3

 4 Net physical investment 11.0 9.7 9.5 11.9 13.7 12.4 18.5 21.7 26.2 15.1 4

 5 Capital expenditures 23.4 23.1 23.7 27.3 30.4 30.4 38.1 43.0 49.6 42.1 5

 6 - Consumption of fixed capital 12.4 13.3 14.3 15.4 16.7 18.0 19.6 21.3 23.5 27.0 6

 7 Net lending (+) or net borrowing (-) -11.0 -9.7 -9.5 -11.9 -13.7 -12.4 -18.5 -21.7 -26.2 -15.1 7

 8 Net acquisition of financial assets 0.6 1.1 1.3 -0.2 2.0 1.9 9.8 10.0 9.1 4.7 8

 9 - Net increase in liabilities 11.6 10.8 10.8 11.7 15.7 14.3 28.3 31.7 35.3 19.8 9

10 Proprietor’s net investment (2) 2.6 2.2 0.5 2.9 -0.3 -0.4 1.5 -4.9 9.1 -27.7 10

11 Holding gains on real estate (3) 19.5 28.2 23.5 37.4 27.9 26.9 55.9 73.5 119.4 121.5 11

12 Residential 6.7 15.8 10.9 23.2 15.1 12.2 30.0 37.2 50.4 61.9 12

13 Nonresidential 12.8 12.4 12.6 14.2 12.7 14.7 25.9 36.3 69.0 59.7 13

14 Holding gains on assets at current cost (3) 4.2 3.3 1.2 4.7 6.6 3.9 8.6 13.1 21.1 14.9 14

15 Residential equipment and software -0.1 -0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.1 0.7 15

16 Nonresidential equipment and software 1.0 2.4 2.3 3.0 3.3 4.3 3.6 3.0 5.7 17.9 16

17 Inventories 3.3 0.9 -1.2 1.7 3.2 -0.5 5.0 10.1 15.3 -3.7 17

18 Other volume changes (4) -0.2 -0.6 -0.7 -0.7 -0.6 -0.4 -0.6 -1.0 -16.0 0.3 18

 Memo:

19 Net worth outstanding (5) 470.7 503.9 528.4 572.6 606.1 636.1 701.6 782.2 915.8 1024.9 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, 1965-1974, March 8, 2012 103

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Current receipts, NIPA basis 180.3 202.8 217.7 252.1 283.5 286.9 303.6 347.0 390.4 431.8 1

 2 Personal current taxes 57.7 66.4 73.0 87.0 104.5 103.1 101.7 123.6 132.4 151.0 2

 3 Taxes on production and imports 60.7 63.2 67.9 76.4 83.9 91.4 100.5 107.9 117.2 124.9 3

 4 Taxes on corporate income 30.9 33.7 32.7 39.4 39.7 34.4 37.7 41.9 49.3 51.8 4

 5 Taxes from the rest of the world 0.2 0.2 0.2 0.3 0.4 0.4 0.4 0.4 0.4 0.4 5

 6 Contributions for govt. social insurance 23.5 31.4 35.0 38.8 44.3 46.6 51.5 59.6 76.0 85.8 6

 7 Income receipts on assets 4.1 4.7 5.5 6.4 7.0 8.2 9.0 9.5 11.6 14.4 7

 8 Current transfer receipts 1.9 2.2 2.5 2.6 2.7 2.9 3.1 3.6 3.9 4.5 8

 9 Current surplus of government enterprises 1.3 1.0 0.9 1.2 1.0 -0.0 -0.2 0.5 -0.4 -0.9 9

10 Current expenditures, NIPA basis 170.6 192.8 220.0 247.0 267.0 295.2 325.8 356.3 386.5 436.9 10

11 Consumption expenditures 115.9 131.8 149.5 165.7 178.2 190.1 204.7 220.8 234.8 261.7 11

12 Government social benefits 34.4 38.0 46.3 53.9 59.6 72.5 86.2 95.8 109.8 129.9 12

13 Other current transfer payments 3.6 4.0 4.0 4.5 4.5 4.8 6.0 7.2 5.4 6.0 13

14 Interest payments 13.7 15.1 16.4 18.8 20.2 23.1 24.5 26.3 31.3 35.6 14

15 Subsidies 3.0 3.9 3.8 4.2 4.5 4.8 4.7 6.6 5.2 3.3 15

16 - Wage accruals less disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 -0.0 -0.5 16

17 Net government saving, NIPA basis 9.8 10.0 -2.3 5.1 16.5 -8.4 -22.2 -9.3 3.9 -5.2 17

18 + Consumption of fixed capital 18.9 20.0 21.4 23.0 24.7 26.6 28.2 29.4 31.3 35.9 18

19 - Insurance and pension fund reserves (1) 0.3 0.3 0.3 0.1 0.1 0.2 -0.1 0.1 -0.0 -0.1 19

20 - Contr. for govt. soc. insur., U.S.-affiliated areas 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 20

21 - Net capital transfers (2) -3.5 -3.8 -3.9 -4.0 -4.5 -4.6 -5.6 -6.6 -6.4 -6.0 21

22 = Gross saving less net capital transfers 31.8 33.4 22.5 31.8 45.4 22.4 11.4 26.3 41.1 36.3 22

23 Gross investment 34.0 35.8 24.7 30.5 42.0 20.5 9.1 24.9 45.0 34.8 23

24 Fixed investment 35.6 39.8 43.0 43.6 43.3 43.6 41.8 42.6 46.8 56.3 24

25 Nonproduced nonfinancial assets 1.8 2.0 1.2 0.5 1.1 0.8 1.2 0.9 -1.5 -3.8 25

26 Net lending (+) or net borrowing (-) -3.3 -6.0 -19.4 -13.7 -2.4 -23.9 -33.8 -18.7 -0.3 -17.7 26

27 Net acquisition of financial assets 6.9 7.5 5.5 11.4 6.2 5.8 13.8 14.8 25.4 12.6 27

28 U.S. official reserve assets 0.3 -0.3 0.6 1.9 1.6 -1.8 -1.6 0.5 -0.1 1.4 28

29 Checkable deposits and currency -2.2 0.1 1.3 -3.0 3.5 2.5 4.3 -0.4 -1.7 -4.3 29

30 Time and savings deposits 2.4 1.2 2.3 3.3 -6.0 10.2 7.3 6.8 6.4 5.0 30

31 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 31

32 Security RPs 1.1 1.5 -0.5 -1.5 3.9 -4.0 0.6 -0.1 1.4 -1.8 32

33 Credit market instruments 2.9 3.9 4.9 8.6 4.3 1.4 1.1 5.9 12.2 11.6 33

34 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34

35 Agency- and GSE-backed securities (3) 0.2 0.6 0.3 3.5 0.1 -2.4 -2.2 3.3 6.6 3.1 35

36 Municipal securities -0.1 -0.0 0.0 0.0 0.1 0.1 -0.3 -0.3 0.2 0.5 36

37 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37

38 Mortgages 0.2 1.2 1.0 1.6 1.4 1.2 0.7 0.7 1.1 5.2 38

39 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 39

40 Other loans and advances (4) 2.6 2.1 3.6 3.4 2.7 2.5 2.8 2.2 4.2 2.9 40

41 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 41

42 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 42

43 Trade receivables 1.2 1.9 2.0 1.5 2.2 -0.2 -0.8 0.6 3.1 -1.0 43

44 Taxes receivable 1.3 -1.4 -5.0 1.0 -3.2 -2.6 2.7 1.4 3.1 1.7 44

45 Miscellaneous assets 0.1 0.5 -0.1 -0.3 -0.0 0.2 0.2 0.0 0.9 0.1 45

46 Net increase in liabilities 10.2 13.5 24.9 25.1 8.6 29.8 47.6 33.5 25.7 30.3 46

47 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 0.7 0.7 0.0 0.0 47

48 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0 0.0 0.0 48

49 Treasury currency 0.2 0.9 0.7 0.4 0.3 0.2 0.5 0.5 0.4 0.4 49

50 Credit market instruments 6.7 9.3 20.5 20.8 5.2 24.1 41.3 26.3 19.6 24.2 50

51 Savings bonds 0.6 0.6 1.0 0.6 -0.1 0.3 2.3 3.3 2.7 3.0 51

52 Treasury bills and other Treasury securities (4) -1.7 1.2 8.2 8.6 -3.8 12.8 24.0 8.6 2.7 8.7 52

53 Budget agency securities 0.4 1.4 4.2 3.2 -2.3 -1.0 -1.1 0.9 0.4 -0.1 53

54 Municipal securities 7.2 6.2 7.2 8.4 11.4 12.0 16.1 13.6 13.8 12.8 54

55 Multifamily residential mortgages 0.0 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 55

56 Trade payables 1.9 2.3 2.3 1.8 1.9 1.1 1.4 2.8 3.8 2.8 56

57 Insurance reserves 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.2 0.2 0.1 57

58 Miscellaneous liabilities (5) 1.3 0.9 1.4 2.1 1.2 2.9 3.7 3.0 1.8 2.7 58

59 Discrepancy -2.2 -2.5 -2.2 1.3 3.5 1.9 2.3 1.4 -3.9 1.5 59

 Memo:

60 Net govt. saving less fixed investment (6) -25.8 -29.8 -45.3 -38.6 -26.7 -52.0 -64.0 -51.9 -43.0 -61.4 60

61 Adjustment between NIPA and FOF (7) 22.4 23.8 25.9 24.9 24.3 28.0 30.1 33.2 42.6 43.7 61

62 Items to be financed (8) -3.3 -6.0 -19.4 -13.7 -2.4 -23.9 -33.8 -18.7 -0.3 -17.7 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, 1965-1974, March 8, 2012

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets 95.6 102.0 113.4 124.5 131.4 137.6 152.5 169.2 195.4 210.2 1

 2 U.S. official reserve assets 1.4 0.9 1.3 3.3 4.7 3.6 2.2 2.6 2.9 4.3 2

 3 Checkable deposits and currency 16.6 16.7 18.6 15.5 19.3 21.1 25.3 26.0 25.3 21.2 3

 4 Time and savings deposits 12.4 13.7 16.0 19.2 13.3 23.5 30.8 37.6 44.0 49.0 4

 5 Money market fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5

 6 Security RPs -0.7 0.8 0.3 -1.3 2.6 -1.4 -0.9 -1.0 0.5 -1.3 6

 7 Credit market instruments 42.8 46.7 51.6 59.8 64.0 65.5 65.9 71.8 83.7 96.4 7

 8 Open market paper 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8

 9 Agency- and GSE-backed securities (1) 3.1 3.7 4.0 7.6 7.6 5.2 3.0 6.3 13.0 16.0 9

10 Municipal securities 2.2 2.1 2.1 2.2 2.2 2.4 2.1 1.8 2.1 2.6 10

11 Corporate and foreign bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11

12 Mortgages 8.6 9.8 10.8 12.5 13.9 15.1 15.8 16.5 17.6 23.8 12

13 Consumer credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13

14 Other loans and advances (2) 28.9 31.1 34.6 37.6 40.3 42.8 44.9 47.1 51.0 53.9 14

15 Corporate equities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15

16 Mutual fund shares 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 16

17 Trade receivables 9.7 11.6 13.7 15.2 17.3 17.2 16.4 17.0 20.1 19.1 17

18 Taxes receivable 7.9 5.8 6.3 7.3 4.7 2.4 6.9 9.2 11.9 14.5 18

19 Miscellaneous assets 5.4 5.8 5.7 5.4 5.5 5.8 5.8 6.0 6.9 7.0 19

20 Total liabilities 391.1 405.1 430.2 454.6 463.3 491.9 538.7 572.2 599.2 632.2 20

21 SDR allocations 0.0 0.0 0.0 0.0 0.0 0.9 1.7 2.5 2.8 2.8 21

22 SDR certificates 0.0 0.0 0.0 0.0 0.0 0.4 0.4 0.4 0.4 0.4 22

23 Treasury currency 3.1 4.0 4.6 5.1 5.3 5.6 6.0 6.6 7.0 7.3 23

24 Credit market instruments 342.4 351.7 372.1 392.8 397.9 422.1 463.4 489.7 510.1 534.3 24

25 Savings bonds 49.7 50.2 51.2 51.9 51.8 52.1 54.4 57.7 60.4 63.3 25

26 Treasury bills and other Treasury securities (3) 187.8 189.0 197.2 205.8 202.1 214.9 238.9 247.6 250.3 259.0 26

27 Budget agency securities 2.7 4.0 8.2 11.3 9.0 8.1 7.0 7.9 8.4 8.2 27

28 Municipal securities 100.4 106.6 113.8 122.1 133.5 145.5 161.6 175.2 189.9 202.6 28

29 Multifamily residential mortgages 1.8 1.8 1.7 1.7 1.6 1.5 1.4 1.3 1.3 1.2 29

30 Trade payables 18.3 20.6 22.9 24.7 26.7 27.8 29.1 31.8 35.3 39.5 30

31 Insurance reserves 7.0 7.1 7.2 7.2 7.3 7.4 7.4 7.6 7.8 7.9 31

32 Miscellaneous liabilities (4) 20.3 21.8 23.3 24.8 26.1 27.8 30.7 33.7 35.8 40.0 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, 1965-1974, March 8, 2012 105

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Net acquisition of financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (1) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 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 ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 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: ND ND ND ND ND ND ND ND ND ND 1

 2 U.S.-chartered commercial banks ND ND ND ND ND ND ND ND ND ND 2

 3 Saving institutions ND ND ND ND ND ND ND ND ND ND 3

 4 Credit unions ND ND ND ND ND ND ND ND ND ND 4

 5 Life insurance companies ND ND ND ND ND ND ND ND ND ND 5

 6 Money market mutual funds ND ND ND ND ND ND ND ND ND ND 6

 7 Mutual funds ND ND ND ND ND ND ND ND ND ND 7

 8 Other self-directed accounts ND ND ND ND ND ND ND ND ND ND 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, 1965-1974, March 8, 2012

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Total financial assets ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (1) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 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 ND ND ND ND ND ND ND ND ND ND 1

 2 Checkable deposits and currency ND ND ND ND ND ND ND ND ND ND 2

 3 Time and savings deposits ND ND ND ND ND ND ND ND ND ND 3

 4 Money market fund shares ND ND ND ND ND ND ND ND ND ND 4

 5 Security RPs ND ND ND ND ND ND ND ND ND ND 5

 6 Credit market instruments ND ND ND ND ND ND ND ND ND ND 6

 7 Open market paper ND ND ND ND ND ND ND ND ND ND 7

 8 Treasury securities ND ND ND ND ND ND ND ND ND ND 8

 9 Agency- and GSE-backed securities ND ND ND ND ND ND ND ND ND ND 9

10 Corporate and foreign bonds ND ND ND ND ND ND ND ND ND ND 10

11 Mortgages ND ND ND ND ND ND ND ND ND ND 11

12 Corporate equities ND ND ND ND ND ND ND ND ND ND 12

13 Mutual fund shares ND ND ND ND ND ND ND ND ND ND 13

14 Miscellaneous assets ND ND ND ND ND ND ND ND ND ND 14

15 Unallocated insurance contracts (2) ND ND ND ND ND ND ND ND ND ND 15

16 Contributions receivable ND ND ND ND ND ND ND ND ND ND 16

17 Other ND ND ND ND ND ND ND ND ND ND 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: ND ND ND ND ND ND ND ND ND ND 1

 2 U.S.-chartered commercial banks ND ND ND ND ND ND ND ND ND ND 2

 3 Saving institutions ND ND ND ND ND ND ND ND ND ND 3

 4 Credit unions ND ND ND ND ND ND ND ND ND ND 4

 5 Life insurance companies ND ND ND ND ND ND ND ND ND ND 5

 6 Money market mutual funds ND ND ND ND ND ND ND ND ND ND 6

 7 Mutual funds ND ND ND ND ND ND ND ND ND ND 7

 8 Other self-directed accounts ND ND ND ND ND ND ND ND ND ND 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, 1965-1974, March 8, 2012 107

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

Billions of dollars

1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

 

 1 Assets 2883.2 2980.6 3298.9 3688.9 3741.1 3914.2 4326.9 4930.3 5166.4 5260.9 1

 2 Nonfinancial assets 929.7 1004.5 1072.7 1198.8 1306.2 1387.9 1514.8 1710.9 1939.3 2059.7 2

 3 Financial assets 1953.5 1976.1 2226.1 2490.1 2434.9 2526.3 2812.1 3219.4 3227.1 3201.3 3

 4 Deposits 373.3 394.4 439.7 479.4 487.1 535.8 614.1 697.2 766.4 828.5 4

 5 Credit market instruments 170.0 190.0 195.2 203.5 241.4 242.4 233.2 230.0 254.7 299.5 5

 6 Equity shares at market value 690.0 619.5 776.6 929.6 778.6 769.8 901.7 1110.9 852.8 567.6 6

 7 Directly held 616.1 548.3 682.1 815.3 667.4 650.2 743.7 921.4 693.9 445.0 7

 8 Indirectly held 74.0 71.3 94.5 114.3 111.2 119.6 158.0 189.6 159.0 122.6 8

 9 Life insurance companies 0.2 0.5 1.1 1.9 2.8 4.0 6.5 8.7 7.9 6.1 9

10 Private pension funds 41.1 39.8 51.6 62.0 62.0 67.8 89.7 109.1 94.9 76.2 10

11 Defined benefit plans 32.9 31.9 41.3 49.7 49.8 51.0 67.5 82.2 71.6 57.5 11

12 Defined contribution plans 8.2 7.9 10.2 12.3 12.3 16.8 22.2 27.0 23.4 18.7 12

13 State and local govt. retirement funds 2.5 2.8 3.9 5.8 7.3 10.1 15.4 22.2 20.2 16.4 13

14 Federal government retirement funds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 14

15 Mutual funds 30.2 28.1 38.0 44.6 39.1 37.7 46.5 49.5 35.9 23.8 15

16 Other 720.2 772.2 814.6 877.5 927.8 978.3 1063.1 1181.3 1353.2 1505.6 16

17 Liabilities 352.3 375.6 402.6 434.9 462.6 476.9 522.9 584.0 651.0 707.7 17

18 Net worth 2530.9 2605.0 2896.3 3253.9 3278.5 3437.3 3804.0 4346.4 4515.4 4553.2 18

 Memo:

19 Equity shares excluding defined benefit plans 654.6 584.8 731.4 874.1 721.5 708.7 818.8 1006.6 761.1 493.7 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) 23.9 20.8 23.5 25.2 20.8 19.7 20.8 22.5 16.5 10.8 20

21 Financial assets (line 3) 35.3 31.4 34.9 37.3 32.0 30.5 32.1 34.5 26.4 17.7 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.